Speaker 1: Hey, hey, hey, we're black, we're brown ambush. I feel
Speaker 1: like that didn't have the soul that it was supposed
Speaker 1: to have, but you know it's close enough.
Speaker 2: Hey, managa, we're in between seasons right now. You know,
Speaker 2: it's like throws things off.
Speaker 3: I get it, you know, I don't have the soul.
Speaker 1: I feel like that was like it was rock salt
Speaker 1: and not lowries. But you know, sometimes, you know, sometimes
Speaker 1: you need salts, regular salt.
Speaker 4: A little bit of salt. How are things going?
Speaker 3: They're going good. I am planning like a fortieth birthday party.
Speaker 1: Well, you know what, maybe I don't believe in dragging
Speaker 1: our businesses, So I'm gonna leave a light down mine.
Speaker 4: Wait dragging up?
Speaker 3: What?
Speaker 1: No, Because I've been planning a fortieth birthday party, which
Speaker 1: could coincidentally is the same day as your your baby shower.
Speaker 3: Solf.
Speaker 4: I No, that's like a milestone. Are you gonna do
Speaker 4: it up? Big?
Speaker 3: Yeah?
Speaker 1: Well, I'm just gonna because I feel like we're gonna
Speaker 1: do like a housewarming slash forty years so because we
Speaker 1: haven't had anyone really at the house. I mean people
Speaker 1: have come by, but not like an official capacity, you know,
Speaker 1: And so we had some vendors like you know, like,
Speaker 1: because I not vendors, I'm trying not to be as
Speaker 1: specific because I'm like she might listen.
Speaker 3: And it didn't go well.
Speaker 1: And it just was a really good, well, you know, athic,
Speaker 1: I'm gonna say it. So we're testing out some different
Speaker 1: people for food, and one of the vendors we had,
Speaker 1: like her, their food was, you know, on the saltier side,
Speaker 1: Like by saltier side, I mean like a seven out
Speaker 1: of ten.
Speaker 3: And so I gave a little feedback and it just.
Speaker 1: Didn't see I don't know if she didn't realize, but
Speaker 1: it was not really well received. And I thought, that's
Speaker 1: what tastings are for, to say, And I said it
Speaker 1: in like the most passive aggress the way it's possible
Speaker 1: because you.
Speaker 4: Know me, because we know you.
Speaker 2: It took you like five minutes to come around to
Speaker 2: what you wanted to say.
Speaker 3: Just that I said it.
Speaker 1: I was like, so, there are people in my family
Speaker 1: that have diabetes, so we just want to be careful
Speaker 1: about the sugar. So I named every illness that does
Speaker 1: not exist, and then I got around the hypertension and said,
Speaker 1: so we just want to be mindful about the salt.
Speaker 3: That's how I did it like that.
Speaker 1: I mean you would think, like I try to keep
Speaker 1: it really light, but it wasn't well received.
Speaker 3: And it's like instantly, energy like turned off.
Speaker 1: She started watching TV instead of talking, and I was like,
Speaker 1: what's happening?
Speaker 3: Wait?
Speaker 2: Were you did you go? Is this a friend or
Speaker 2: did you go to the like went to the restaurant
Speaker 2: for tasting?
Speaker 1: Yeah, I just went to there with whatever restaurant they
Speaker 1: were using for tasting. And I don't know, you know
Speaker 1: how sometimes you she might not have even realized that
Speaker 1: her energy turned off. So she might not have because
Speaker 1: she was really friendly and amazing in the beginning.
Speaker 3: But and I get it.
Speaker 1: I don't know if she's a new business but I
Speaker 1: know sometimes people it's like I'm an artist and I'm
Speaker 1: sensitive about my ish.
Speaker 2: Then you're in the service industry, the customer should be right.
Speaker 1: It was so because so I came with a friend
Speaker 1: of mine who's similar to like I always say I
Speaker 1: have people in my life that are like either me
Speaker 1: or like similar to like you Adrina.
Speaker 3: Who were like, well you know what it is? What
Speaker 3: it is?
Speaker 1: I don't you know, like, and so I brought a
Speaker 1: friend with like Rihanna with me, who was you know,
Speaker 1: very much like I said what I said, I wasn't
Speaker 1: rude about it, and so I was so like, Rihanna
Speaker 1: was just watching me like tap dance.
Speaker 3: Like because I was.
Speaker 1: I was so comfortable that she was clearly upset and
Speaker 1: I want.
Speaker 3: Her to be happy. And I was like, Rihanna was
Speaker 3: like we left.
Speaker 1: She's like typically, I was like what, She's like what
Speaker 1: I was like, I just feel really bad that she
Speaker 1: she seemed to be upset. She's like, typically, you could
Speaker 1: not have said it lighter, Like you literally could not
Speaker 1: have said it. She's like, I'm looking at you like
Speaker 1: you have family protection.
Speaker 4: I was, this is your fortieth birthday. You need the
Speaker 4: food to be on point, yes.
Speaker 1: And she said that She's like, you were really kind.
Speaker 1: You could not have said it lighter. She was like,
Speaker 1: you know, I just some people just don't receive feedback
Speaker 1: very well. And you know, but she's like it was
Speaker 1: clear that she shut down. Like I said, it wasn't
Speaker 1: she wasn't nasty, but it was very clear that she
Speaker 1: just shut down. So I had me thinking to myself,
Speaker 1: with one, have you even heard my feedback? Are you
Speaker 1: going to come with salty food still? Or two, if
Speaker 1: I give you feedback on the day of my party,
Speaker 1: are you going to make it uncomfortable?
Speaker 3: You know, because you know, some people don't mind.
Speaker 1: They're like, whatever, girl, I said what I said, but
Speaker 1: that's not me, And I'm like, I don't want to
Speaker 1: have to bat all these emotions on like my big
Speaker 1: fortieth birthday, you know. So yeah, but it was a
Speaker 1: good lesson for like sometimes, like whenever that happens, I
Speaker 1: always think, what's a good entrepreneur lesson in this?
Speaker 3: And for me, the good lesson.
Speaker 1: Was that sometimes you get feedback that feels uncomfortable and
Speaker 1: you might subconsciously shut down. She probably didn't think, like
Speaker 1: I said, she wasn't nasty, so I likely if I
Speaker 1: were to share this feedback with her, she probably be like, no,
Speaker 1: I didn't, So she probably didn't didn't think that she
Speaker 1: had created a very uncomfortable environment. But it taught me
Speaker 1: to like, Okay, Tiffany, this might happen where someone gives
Speaker 1: you a couple of feedback and you might subconsciously shut down,
Speaker 1: and to be mindful of creating energy and space where
Speaker 1: people can tell you when something is not right. So yeah,
Speaker 1: it was just really like when I tell you. It
Speaker 1: was like dead silent. Are you gonna dropped the pin?
Speaker 1: I was like, so guess we should leave.
Speaker 4: So are you definitely using her as a caterer?
Speaker 3: No?
Speaker 4: Okay? I I was.
Speaker 1: Like, well maybe if she we got to look at
Speaker 1: me like, are you kidding me? Tiffany, I was like okay.
Speaker 3: I was like, that's why I brought you.
Speaker 1: I always need my like my you know, my friend
Speaker 1: who is not afraid of like like you know, confrontation
Speaker 1: to be like.
Speaker 3: No, Tiffan A, so you're gonna use her? So that way.
Speaker 1: I mean I've made decisions like that where I'm like,
Speaker 1: this is an important day and because I didn't want
Speaker 1: the person to be upset with them even though I
Speaker 1: didn't like the service or the product, I've used it anyway,
Speaker 1: and I'm like, Tiffany, it's.
Speaker 3: Your big advanced age. We gotta break free.
Speaker 1: Like so like sometimes people please and just take take
Speaker 1: it to the next level.
Speaker 2: So, oh, you're smart to bring people who have the
Speaker 2: other side. I mean, it's not like you need to change.
Speaker 2: I'm sure your people pleasing nature is why you're so
Speaker 2: successful in other ways. So it's not like you need
Speaker 2: to learn how to be a jerk. You just bring
Speaker 2: the jerks.
Speaker 1: With you, Like, you know what I said, what I said,
Speaker 1: I wasn't rude because if you can stand in it,
Speaker 1: because I knew I wasn't rude.
Speaker 3: But I'm like, I hate that sense.
Speaker 1: Of like I don't know, I'm like, Tiany, why are
Speaker 1: you afraid she got to beat you up?
Speaker 3: Like what is happening?
Speaker 1: And so I just wish that's something that like I'm
Speaker 1: really trying to work on to be like more assertive.
Speaker 3: In this is what I like.
Speaker 1: This is what I said, and I'm not saying it
Speaker 1: in a rude way, but I am firm about it
Speaker 1: because if I honestly, I'm not gonna lie. If I
Speaker 1: went by myself, she probably would have had deposit.
Speaker 2: Yeah, that's a good resolution for your fortieth, your fourth decade.
Speaker 2: Own own your feelings and your opinions and don't don't
Speaker 2: apologize for them.
Speaker 4: A badass business lady, I know.
Speaker 3: And yet I'm you know, you know it's a crazy
Speaker 3: because you know what it is.
Speaker 1: What I've learned about myself is that when it comes
Speaker 1: to me, I'm like, ah, but let it be like
Speaker 1: someone on the team, family, friends, whatever, Like it's a
Speaker 1: different tipany. So I think the reason why it's like
Speaker 1: it's because when I'm doing things for my audience, like
Speaker 1: these are my dream catchers, like I'm very protective over
Speaker 1: them and their journey, and so nothing stands in the
Speaker 1: way of that. So when a bank or a brand
Speaker 1: or whoever, I feel like it is doing something that
Speaker 1: is not helpful and purposely harmful. So like a different
Speaker 1: tipany comes out. So I think that's what it is,
Speaker 1: is that I've learned that if I'm working in service
Speaker 1: of others, oh, then all bets are off. But when
Speaker 1: it comes to me personally, that's where I have a
Speaker 1: hard time.
Speaker 3: And that's why.
Speaker 1: Honestly, I remember like a few episodes, not a few,
Speaker 1: but probably like a year so ago, we talked about
Speaker 1: the bully friend. Yes, right, and so like, I'm very
Speaker 1: conscious now because I'd hired a bully friend and.
Speaker 3: She was brilliant, but she was indeed a bully friend.
Speaker 1: And I realize now that I'm really really careful because
Speaker 1: I'm looking for a new admin and I interviewed a
Speaker 1: few women and one of them gave me bully friend vibes.
Speaker 3: I said, absolutely not. Now, Meanwhile, she was brilliant like
Speaker 3: I could tell she was great, she would.
Speaker 1: Have been awesome, but I also knew that there was
Speaker 1: that little like inkling of she's a bully friend and
Speaker 1: she's gonna make like her personality is going to make
Speaker 1: you feel uncomfortable.
Speaker 3: You're gonna be afraid to ask her things.
Speaker 1: I can't have that in my admin, So I chose
Speaker 1: someone instead that I knew that, you know, our personalities
Speaker 1: where she was like really warm and welcoming, and that
Speaker 1: even when I was like deferential, that she didn't take
Speaker 1: advantage of that. And so I've learned that, like the
Speaker 1: parts of my personality, I don't know that they'll change,
Speaker 1: but I've also learned to offset it by not surrounding
Speaker 1: myself with people that are going to put me in
Speaker 1: a position to feel bullied, you know. So yeah, so
Speaker 1: that's I mean, honestly, that's really I think why I've
Speaker 1: like the business has done well is because when it
Speaker 1: comes to other people, I'm a beast, but when it
Speaker 1: comes to me, I'm like, so heard, you want to fight,
Speaker 1: let's go.
Speaker 2: Like that makes sense, that makes sense, I get it,
Speaker 2: but still something to work on.
Speaker 1: Yeah, it is definitely because I want to And now
Speaker 1: I say I feel like that's why I like, I
Speaker 1: look for people like you and Drina and Rihanna, because
Speaker 1: I'm like, so teach me your ways.
Speaker 2: Yeah, And then that's the reason my husband is the
Speaker 2: one like Mandy put down the gloves, like it's not
Speaker 2: the moment we would always This is a good example.
Speaker 4: We went to see Hustlers this weekend and it was
Speaker 4: pretty good. It was pretty good.
Speaker 2: I love j Lo, like, I just feel like she's
Speaker 2: so underrated. I want her to get all.
Speaker 4: She never won.
Speaker 2: Anything for Selena, which I think is a damn crime.
Speaker 2: She doesn't have any Grammys. I'm just like, it's it's
Speaker 2: appalling that we have not, you know, given her her due. Anyways,
Speaker 2: so I'm happy that she's getting great reviews. But we
Speaker 2: saw it and it was like a late Sunday night showing,
Speaker 2: so it wasn't a pack theater. But there are these
Speaker 2: girls who were just like yapping through the entire movie.
Speaker 2: They got up and were talking to each other, and
Speaker 2: I mean, I I really desperately wanted to say something
Speaker 2: to them, like snarky or like, you know, get them
Speaker 2: to be quiet. But then I thought, and I looked
Speaker 2: at and Enrique. He knew what I was gonna do.
Speaker 2: He's like, not today. We don't want to get in
Speaker 2: a fight. These girls sound like they would fight you.
Speaker 2: It's like you're pregnant. Let's just like let it go.
Speaker 2: And I let it go. A younger Mandy may not
Speaker 2: have let.
Speaker 3: It go.
Speaker 4: Because I like to poke the beast.
Speaker 3: Yeah, that's so supermad.
Speaker 1: I mean he's like, I mean he's pretty chill until
Speaker 1: and so, but he's not like if we would have went,
Speaker 1: he'd be like.
Speaker 3: Oh, this was saucy. He would have just said it
Speaker 3: and I would have looked at him like, but I find.
Speaker 1: That people like, I feel like people respect that, like
Speaker 1: you know that it's crazy because when you dance around it.
Speaker 1: I feel like people like I found that when I'm
Speaker 1: my most passive is when it brings out the aggression
Speaker 1: in others more so, you know.
Speaker 4: Yeah, it's like that, it's just a balance.
Speaker 1: Yes and so like yeah, cause I remember, like it
Speaker 1: wasn't until like I learned to stand up for myself.
Speaker 1: When I was teaching preschool in Newark. It was like
Speaker 1: my first year and I was such a punk and
Speaker 1: the parents she used to treat me like tirash Like
Speaker 1: I'd be.
Speaker 3: Like oh, excuse me, miss ma'am. You really can't come.
Speaker 3: Let shut up. I'm like, okay.
Speaker 1: And then one day, one day, I was sick of
Speaker 1: it and I told the biggest bad parent, I never
Speaker 1: forget that year. I was like, it was like ten
Speaker 1: o'clock and I think we didn't take kids past like
Speaker 1: nine thirty, and but she was always late, like willfully late,
Speaker 1: even though she lived across the street. And I was like,
Speaker 1: and it was raining. I remember I had like the
Speaker 1: little chain on the door. We had this big metal
Speaker 1: door and I opened it and I was like, yeah,
Speaker 1: bast year. So I told you that from now on,
Speaker 1: you have to be here by nine thirty or you know,
Speaker 1: your daughter Zanaya can't come, So see you tomorrow.
Speaker 3: She's like, what open the door? I said, see you tomorrow, biz,
Speaker 3: and I and see you tomorrow. This Tippy's gonna miss you.
Speaker 4: Click close ooh savage?
Speaker 1: Are you The other teachers looked at me like that's
Speaker 1: how you're gonna start this. My heart was racing. I
Speaker 1: was like, oh my gosh, she's gonna beat me up tomorrow.
Speaker 1: I'm gonna die. My car is gonna be torched. Because
Speaker 1: Basheer was like that parent like you could tell Baschier
Speaker 1: spent all her high.
Speaker 3: School years boxing and always right.
Speaker 4: Yeah.
Speaker 3: And so she came the next day and she came
Speaker 3: at like nine twenty early. I opened the door. I
Speaker 3: looked at her.
Speaker 1: She said, miss Tiffany. I said yeah, she said, you
Speaker 1: got that. I was mad at first, but you know what,
Speaker 1: I'm wild disrespectful. I did say lead and I was like, okay.
Speaker 3: But it taught me such a valuable lesson about standing
Speaker 3: up for yourself.
Speaker 1: And to this day, it's funny because she works at
Speaker 1: city Hall and I was trying to get some permit
Speaker 1: or something and it was she was there and she's like, oh,
Speaker 1: let's go, comes to the front of the line and
Speaker 1: we had a good key key and she was showing
Speaker 1: me pictures of Zanayah, who is now like sixteen, which
Speaker 1: makes me feel extra old.
Speaker 3: I'm like, are you kidding me? Her?
Speaker 4: Damn.
Speaker 3: But it was just like such a good.
Speaker 1: Lesson in standing up for myself, and like you know
Speaker 1: that oftentimes it generate respect rather than whatever fearful thing
Speaker 1: I'm waiting on. But yeah, I just remember thinking, well,
Speaker 1: I guess I'll be fighting after school today.
Speaker 3: All right, y'all. So it is time for one of
Speaker 3: my favorite parts of the shows.
Speaker 4: Cool.
Speaker 1: You know what? It was funny because I remember I
Speaker 1: took that picture with Usher and it looked like a
Speaker 1: wax figure. Because I had gone to Atlanta to do
Speaker 1: his Oh what is this thing called New Journey? He
Speaker 1: has a nonprofit which of course I'm forgetting the name of,
Speaker 1: and I went to go, like teach a session. I
Speaker 1: can't see has like an annual kind of like calm
Speaker 1: friends for the young people his nonprofit, So so I went.
Speaker 1: I took a picture with him, but it was so
Speaker 1: weird because in the picture he looks like a wax figure.
Speaker 1: And someone in the comments and I just saw this
Speaker 1: like last night and had me roll. And someone in
Speaker 1: the comments said, did you tell him that you always
Speaker 1: mess up his confession song for the question song?
Speaker 3: I was like, I totally forgot that I do, so
Speaker 3: this is out to us. These are our co questions.
Speaker 1: I do also know the words, so I don't know
Speaker 1: what to say. Well, she said, it would have me
Speaker 1: rolling because I do keep messing up the confession song.
Speaker 1: Either way, it's time for questions, and I am excited
Speaker 1: because you guys always have amazing questions. If you like
Speaker 1: to submit a question, Maddie will tell you how.
Speaker 2: Yes, well, thank you, I'm sure will You can go
Speaker 2: to brandabissionpodcast dot com. He'd ask us anything. To send
Speaker 2: us a question, hit us up on Instagram at brand
Speaker 2: Ambison Podcast. You can hit us up in our dms
Speaker 2: there please be detailed but brief, or you can email
Speaker 2: us directly at Brandambission Podcast at gmail dot com.
Speaker 3: That car, do we have a bunch?
Speaker 2: We have too many questions today, so I'm gonna save
Speaker 2: some for next week. But hey, okay, I love some questions,
Speaker 2: a lot of credit related questions too. Let's take this
Speaker 2: one from our email inbox this week from listeners Chanel,
Speaker 2: who says I've used a bunch of what I've learned
Speaker 2: through this podcast to be successful during my home buying process.
Speaker 2: My question is what's a good resource to find a
Speaker 2: credit card for new homeowners. We have a couple of
Speaker 2: things that we need to purchase, like our fridge, blinds, etc.
Speaker 2: I want to use a rewards credit card so I
Speaker 2: can reap some benefits. Help assist out Oooooo.
Speaker 1: I think, actually, Mander, you had a really good credit
Speaker 1: card that you guys used, right.
Speaker 2: Yeah, right, So of course we can recommend some credit cards,
Speaker 2: but read the fine print, read the terms and conditions
Speaker 2: on the card, make sure that the right card for
Speaker 2: you personally. When we were doing our renovation, we decided
Speaker 2: to sign up with the City Double Cash card because
Speaker 2: it was basically the max cash back you can get
Speaker 2: on like any purchase, and there aren't that many cards
Speaker 2: that have a flat cash back great on anything that
Speaker 2: are higher than like one percent, so two percent was
Speaker 2: the best we could do. And the way the City
Speaker 2: Double Cash works is that it gives you one percent
Speaker 2: cash back when you make the purchase, and it gives
Speaker 2: you another one percent when you pay it off, so
Speaker 2: you only get the full two percent if you're paying
Speaker 2: off the card in full. We also took advantage of
Speaker 2: a zero percent intro APR offer. I forget the name
Speaker 2: of a credit card. It was a Chase card and
Speaker 2: it was zero percent for twelve months or something like that,
Speaker 2: and we use that for some larger purchases and we
Speaker 2: just paid that off this summer, which felt great, and
Speaker 2: that allowed us to have no interest for you know,
Speaker 2: twelve months. The risk with those types of cards is
Speaker 2: that often they have deferred interest clauses, which means if
Speaker 2: we had left even like one dollar on that credit card.
Speaker 2: After that promo period ended, they could have been like, oh,
Speaker 2: you were charged interest this entire year, and we're going
Speaker 2: to slap it on. We're going to slap it onto
Speaker 2: your card right now.
Speaker 4: So I was dead. I was adamant that we were
Speaker 4: not going to, you know, let that happen. So that
Speaker 4: was our strategy. Did you guys use any We did.
Speaker 1: Honestly, looking back at it now, I wish I would
Speaker 1: have gotten that credit card, like you said.
Speaker 3: But oddly enough, so Superman was trying.
Speaker 1: To convince me that we need to get a Home
Speaker 1: Depot card, and I was like, no, we're down now down. No,
Speaker 1: wa Actually, with the amount of money we spent at
Speaker 1: Home Depot, we should have got we should have got
Speaker 1: a Home Deeper card.
Speaker 3: He was right. I just didn't think we were going
Speaker 3: to need that much stuff from Home Deepot.
Speaker 1: We got a I mean like just thousands of thousands
Speaker 1: of dollars we spent at Home Depot during the renovation.
Speaker 3: But I will say it wasn't like all I didn't.
Speaker 3: It wasn't all for nothing.
Speaker 1: So what I ended up using was our travel card
Speaker 1: as like our as our go to credit card and
Speaker 1: we whoo, let's just say my like, we have so
Speaker 1: many trips spending because I also use my travel card
Speaker 1: for marketing spend and I've got I mean, I could
Speaker 1: go to Zimbabwe and stay like in the President's suite
Speaker 1: at the President's house or as many points as we have,
Speaker 1: so I mean, so it wasn't for nothing. But I
Speaker 1: thinking about it now, because I use my travel card
Speaker 1: for marketing, I really didn't need the additional travel points,
Speaker 1: and I really wish I would have because you told
Speaker 1: me about that card in the beginning, and honestly, I
Speaker 1: wish I would have gone and gotten it because I
Speaker 1: would have much rather the cash back than additional because
Speaker 1: we have so many travel points now that like, I'm
Speaker 1: just like my whole family just comes to me. They're like,
Speaker 1: so I got a trip, now you got some points.
Speaker 2: Well, those travel cards don't give you the same rate
Speaker 2: for like a purchase at a department store or like
Speaker 2: on furniture as they would on travel expenses. Like the
Speaker 2: most lucrative travel cards really only give you the high
Speaker 2: cash back rate if you're paying for travel purchases. So
Speaker 2: that's what that's why we ended up getting the city
Speaker 2: card because we knew we were only going to get
Speaker 2: one percent back if we used our travel card.
Speaker 4: Home depot card be looked at. I don't remember it.
Speaker 2: Having any like cash back benefits. I think it's more
Speaker 2: that it offers it offers different like financing options, like
Speaker 2: zero percent or whatever, depending up. I don't think they
Speaker 2: do like you guys could check, But I don't know
Speaker 2: that they have like a cash back card. That'd be
Speaker 2: nice though.
Speaker 3: Yeah.
Speaker 1: So so I say go with the card that Bandy suggests,
Speaker 1: because it's just, I mean, cash bag.
Speaker 3: You can't ever go wrong. Cash is queen.
Speaker 4: Cash is queen.
Speaker 2: And see if there's any you know, I'll put a
Speaker 2: link to the Magnifying Money credit card tool. There's new
Speaker 2: credit cards. I can't even keep up anymore all the time.
Speaker 2: And one of the other reasons I love the City
Speaker 2: Double Cash card is not it doesn't even exist anymore.
Speaker 2: They got rid of this program where they were doing.
Speaker 4: What do you call it?
Speaker 2: No, I forget, oh baby brain no. A program basically
Speaker 2: where if we made a purchase with our City Double
Speaker 2: Cash card and the price dropped after we'd made the purchase,
Speaker 2: they would actually go back and refund us. I remember
Speaker 2: they got rid of that program. If you guys, notice
Speaker 2: like some of the rewards cards out there have been
Speaker 2: so lucrative and they're starting to scale back their programs
Speaker 2: to make them well. They're very expensive for the companies
Speaker 2: to keep up, so some of them have been scaling
Speaker 2: them back, so they're not as lucrative as they used
Speaker 2: to be. Sadly, but we took Hella advantage of that
Speaker 2: perk while it was there. All right, cool, thank you, Chanel.
Speaker 2: Good luck with the home buying per And just make
Speaker 2: sure if you take out credit have the plan to
Speaker 2: pay it back. You do not want to start your
Speaker 2: home ownership journey with a ton of credit card debt
Speaker 2: and be house poor and it's just going to be sad.
Speaker 2: So take your time making if you don't have the
Speaker 2: money to pay it off, just like take your time.
Speaker 2: You don't need the fancy blinds or the fancy couch
Speaker 2: right now, take your time getting that stuff over the
Speaker 2: next few months if you can.
Speaker 4: M Okay, who's next? Okay?
Speaker 2: So we got a question from Instagram user whose name
Speaker 2: is Tea T says, I need some advice. I have
Speaker 2: a rental property that's increased in value. I paid ninety
Speaker 2: eight thousand dollars, and the exact same type of house
Speaker 2: in my neighborhood just sold for one hundred and thirty
Speaker 2: nine thousand dollars. So I'm wondering should I sell my
Speaker 2: rental property when of my tenants move out in a
Speaker 2: few months. I'm planning to put in a new carpet
Speaker 2: and lamit it flooring, as well as build a deck
Speaker 2: on the back of the house. And that's it. Oh
Speaker 2: and so her house is she's paid ninety eight thousand dollars,
Speaker 2: she still owes ninety one thousand dollar mortgage. If you're
Speaker 2: hundering so much. Was a recent purchase.
Speaker 1: And so she's asking, and she after renovating the property,
Speaker 1: if she should sell it.
Speaker 2: Sounds like she wants to do a couple of upgrades,
Speaker 2: new carpet, laminate flooring, and build a deck, and then
Speaker 2: she wants to try and sell it because she's seen
Speaker 2: this other house that she thinks is comparable that's sold
Speaker 2: for nearly like forty thousand dollars more than what she
Speaker 2: paid for her house.
Speaker 1: Well, I'll say this, one of the things I learned
Speaker 1: about like deeper renovations is that you don't you don't
Speaker 1: get back dollar for dollar.
Speaker 3: I thought that you did, and I was like, oh.
Speaker 1: That's not true, not bro, So yeah, meaning that let's
Speaker 1: just say the deck costs you ten thousand dollars, just
Speaker 1: like for math's sake, right, and you think like, oh,
Speaker 1: so now that's going to make my house worth ten
Speaker 1: thousand dollars more new, and like maybe it'll make your
Speaker 1: house be worth five thousand dollars more.
Speaker 3: That's why people don't get that upgrades. You don't what
Speaker 3: you put out for the upgrade.
Speaker 1: Very rarely, if at all, do you ever get that
Speaker 1: exact number back, like on a good like like on
Speaker 1: a good trade, it's sixty percent back, like like Manny
Speaker 1: and I both got like AC's in our house and
Speaker 1: AC like Central AC or like a split system. You
Speaker 1: it's pretty good, like you get like sixty to sixty
Speaker 1: five percent back, but that's not one hundred percent. So
Speaker 1: if you spend thirty thousand dollars on you know, because
Speaker 1: that's like what you're looking at. If you're putting in
Speaker 1: a split system for AC's in your home, you're looking anywhere.
Speaker 1: It could be twenty thirty, sixty, seventy thousand dollars or more.
Speaker 1: You're not going to get thirty thousand dollars back. Maybe
Speaker 1: you'll get twenty. So just be mindful that if that
Speaker 1: house is comparable to your house as it stands and
Speaker 1: you're wanting to sell, I would not make I would
Speaker 1: not except for like small things like paint.
Speaker 3: And you know, things like that.
Speaker 1: Yeah, but I wouldn't make these big changes because you're
Speaker 1: not going to get that money back. Unless you're saying
Speaker 1: that that that the other house has the deck and
Speaker 1: all these other things, then that's what you're wanting to add.
Speaker 1: But yeah, I mean renovating to the you know, because
Speaker 1: also sound like pretty big renovations or moderate renovations. You're
Speaker 1: not going to see that money back. And you might
Speaker 1: just get your money back with the house as it
Speaker 1: stands down And if your neighborhood is on the way up,
Speaker 1: meaning like you know, you're watching month to month and
Speaker 1: you saw I don't know how long you've had the house,
Speaker 1: then you might want to wait, Like you is your
Speaker 1: tenant paying the mortgage? If so, it's not necessarily costing
Speaker 1: you anything. And there's a little bit of tax break,
Speaker 1: not as much as there used to be, but there's
Speaker 1: a little bit of a tax break So I don't know,
Speaker 1: I probably, I mean, I don't know that I would
Speaker 1: sell if it's making me money and and the neighborhood
Speaker 1: is on its way up, because five years from now,
Speaker 1: maybe you get you know, two hundred or two twenty
Speaker 1: five for that house.
Speaker 3: You're like, damn, I should have waited. So yeah, I'm wondering.
Speaker 2: I'm wondering why she's other than the value of a
Speaker 2: house being sold. Like I wonder if she needs some money,
Speaker 2: or if she's looking to take this take the money
Speaker 2: she earnso this house and flip it into another rental property.
Speaker 1: Yeah, maybe, or like, let's just say this, if you're
Speaker 1: putting it into the market, Say, for example, you do
Speaker 1: the math of what percentage has the house grown in
Speaker 1: value in what in that year? So let's just say
Speaker 1: it's grown I don't know, you know, fifteen percent in
Speaker 1: one year. I mean, that's better than the market.
Speaker 4: That would be crazy.
Speaker 3: Yeah, I'm just saying, you know, like, can I move there? Exactly?
Speaker 3: But no.
Speaker 1: But honestly, Mandy, I can tell you, like in Newark,
Speaker 1: that's exactly what's happening. Because so Newark is for those
Speaker 1: of you who like don't live in this area, of
Speaker 1: the of the country. New York is super close to
Speaker 1: New York, which is a really expensive place to live,
Speaker 1: and people want to live next to New York because
Speaker 1: that's what the funds that but also a lot of jobs.
Speaker 1: And so what happened is Midtown, which is basically like
Speaker 1: the like the hub of New York, is super expensive
Speaker 1: and so people couldn't afford in the town. So they
Speaker 1: started branching off the plants whose places like Harlem, which
Speaker 1: is uptown like and so Harlem, these brownstones that these
Speaker 1: older brown folks owned, they were buying them up for
Speaker 1: pennies and now they were like two million dollars, like
Speaker 1: literally they're buying them for ten thousand, and now they
Speaker 1: worth two million, which is disheartening when you find out
Speaker 1: so many people lost their homes to in that trade.
Speaker 1: That was unfair. And then nobody used to want to
Speaker 1: live in Brooklyn. It used to literally be Brooklyn has
Speaker 1: a section called Bedstide. It would be Bedstide, do or die,
Speaker 1: and you're likely to die. And now Bedside, they gave
Speaker 1: it another name, is fancy and expensive and people can't
Speaker 1: afford Brooklyn. And so as a result of New York
Speaker 1: spreading out, now now they're looking over the water to Newark.
Speaker 1: Who before think Newark, Think Oakland, think I'm trying to
Speaker 1: think with some other places like oh, think Detroit. You know,
Speaker 1: Like so Newark had that kind of connotation of being
Speaker 1: economically depressed. But because people can't afford Manhattan, they can't
Speaker 1: afford Harlem anymore, they can't affer Brooklyn. They've already moved
Speaker 1: to Jersey City, which is even the closest kind of
Speaker 1: like city in New Jersey to New York. Now they've
Speaker 1: looked at Newark. And so when Superman and I were
Speaker 1: looking two years ago, Mandy literally a house would be
Speaker 1: on the market for two hundred thousand and it would
Speaker 1: go for two fifty.
Speaker 3: There was one three.
Speaker 1: Family house that was fairly priced at two eighty and
Speaker 1: we lost it to someone who bid three twenty.
Speaker 3: And I was like, what I.
Speaker 1: Mean, these were houses maybe two or three years prior
Speaker 1: that you couldn't even get like, you know, one hundred
Speaker 1: and fifty one hundred eighty thousand dollars for the house.
Speaker 1: So there are sections of the country where because of
Speaker 1: just big okay, it's gone. There are sections of the
Speaker 1: country because of like just like it's just so expensive
Speaker 1: to live here, that people are willing to move further
Speaker 1: and further away from the desired place, which is New
Speaker 1: York City. That like, housing costs are like jumping up,
Speaker 1: like jumping beans. Honestly, So if you than someplace like that,
Speaker 1: I would wait. But if you live someplace where it's
Speaker 1: just creeping up and you're just like, I don't want
Speaker 1: to deal with tenants anymore. I'm over it. I just
Speaker 1: won't give you my money. Well, then get your money
Speaker 1: and but invested someplace else.
Speaker 2: Yeah, I agree, And I'll put a link actually use this.
Speaker 2: There's like a website remodeling. I think it's I forget
Speaker 2: the name of remodel something, but they put out annually
Speaker 2: a list of like the ROI the return on investment
Speaker 2: of certain how home improvement projects. And I think one
Speaker 2: of the most like lucrative ones you can do is
Speaker 2: replacing a garage door. Last time I read, it's like
Speaker 2: random stuff like that.
Speaker 4: Wow, that is.
Speaker 1: OK.
Speaker 2: Yeah, So I'll post the link in there. And you know,
Speaker 2: especially if if you're selling to people who might want
Speaker 2: to rent it out themselves, they're not going to want
Speaker 2: to pay for a lot of upgrades, like they're going
Speaker 2: to want the bare minimum so they can rent it
Speaker 2: out as well. So yep, interesting, and congrats on having
Speaker 2: a rental property.
Speaker 4: That's cool. Goals goals, goals, goals. Yes, would you think
Speaker 4: we're more sure?
Speaker 3: Let's see, all.
Speaker 2: Right, Thanks for your question, Tee. Here's another one from
Speaker 2: the gram. I don't know how to pronounce this, let's
Speaker 2: just go with Breezy. So Instagram user Breeze says, Hello,
Speaker 2: I've got eleven thousand, five hundred dollars in credit card
Speaker 2: debt and I just received five thousand dollars from a settlement.
Speaker 2: Should I use it to pay off some credit card
Speaker 2: debt to get my utilization below thirty percent? Or should
Speaker 2: I use it? Or should I use a zero percent
Speaker 2: transfer a balance transfer credit card to pay them off?
Speaker 4: Thank you?
Speaker 2: So five thousand dollars would knock out little less than
Speaker 2: half of that eleven thousand dollars, so she wouldn't quite
Speaker 2: get to thirty percent utilization.
Speaker 3: Idea.
Speaker 2: Is this the part where you ask her if she
Speaker 2: has emergency savings?
Speaker 4: I know where you're about to go.
Speaker 3: You already know. I was like, oh, wait a minute,
Speaker 3: back up, did you have yoh, Manny, that's so crazy.
Speaker 1: I was literally thinking that Yes, I would say, Breezy, Breezy,
Speaker 1: do you have emergency savings because it sounds like she
Speaker 1: might not, so I would be hesitant to put all
Speaker 1: this money toward debt.
Speaker 2: Yeah, if you've got eleven grand and credit debt, it's
Speaker 2: could be a sign that you have been turning to
Speaker 2: credit every once in a while when you run short
Speaker 2: on cash, and it's kind of become your emergency funds.
Speaker 2: So tip's right, I mean, like putting that five thousand
Speaker 2: dollars in the bank so you create emergency fund could
Speaker 2: be one step. And then from there if your if
Speaker 2: your credit is good. You don't mention what your credit
Speaker 2: score is, but let's say it's above six eighty six seventy.
Speaker 2: That's usually about what it takes to qualify for the
Speaker 2: best zero percent interest balance transfer cards. Let's say you
Speaker 2: can qualify for one of those, and you can transfer
Speaker 2: your balances onto those cards that card and pay them
Speaker 2: off slowly over time. That could be a great That
Speaker 2: could be a smart strategy because then you can slowly
Speaker 2: pay off that credit card debt and you have money
Speaker 2: in the bank in case another unexpected you know, expense
Speaker 2: pops out.
Speaker 1: Path it I think that's probably the way. My only
Speaker 1: concern is that if you I don't know how much
Speaker 1: of the of what your limited for that with the
Speaker 1: balance where you have the eleven thousand, so if you
Speaker 1: are over thirty which well you say basically you are
Speaker 1: over thirty percent, then my concern is that maybe your
Speaker 1: credit score is going to be reflective of that, because
Speaker 1: you know you're amounts old. It's thirty percent of your
Speaker 1: credit score, so it's a significant a part of your
Speaker 1: credit score is being negatively affected because you have a
Speaker 1: balance over thirty percent of that credit card limits. So
Speaker 1: that would just be my only concern that would she
Speaker 1: qualify for a balanced transfer card?
Speaker 3: But I mean I don't know.
Speaker 1: I mean you might have some excellent other credit things
Speaker 1: happening that this is offset by that.
Speaker 3: So yeah, I would say Plan B.
Speaker 1: You know, you don't have to say if you don't
Speaker 1: feel comfortable saving the whole five thousand, fine, But if
Speaker 1: you don't have a yes emergency savings, then you're going
Speaker 1: to be right back in debt because you're an adult,
Speaker 1: and then things happen unexpectedly to adults, and if you
Speaker 1: don't have the cash to handle what happens unexpectedly, you're
Speaker 1: just going to end up swiping your card again anyway, yep.
Speaker 2: And with that easier percent interest promotion period, even for
Speaker 2: a balance transfer, just beware that it may have a
Speaker 2: deferred interest clause, which means if you don't pay it
Speaker 2: off one hundred percent before that twelve month or eighteen
Speaker 2: month periods over, they could just slap you with all
Speaker 2: the interest all over again. So have a plan, you know,
Speaker 2: be realistic. Can you actually make enough payments throughout the
Speaker 2: year to pay it off before the promo period ends.
Speaker 2: And another option besides balanced transfer is if you don't
Speaker 2: feel confident one if you can't get approved for a
Speaker 2: balanced transfer, or too if you don't think you have
Speaker 2: the confident that you can pay you know, that much
Speaker 2: money over the course of however many months to pay
Speaker 2: it off in full before the promotion period ends. You
Speaker 2: could also look at consolidating your credit card debt with
Speaker 2: a personal loan, especially if you can get a personal
Speaker 2: loan that has a lower APR than what your credit
Speaker 2: cards may offer you. And with a personal loan you
Speaker 2: have a fixed monthly payment a fixed term, there's no
Speaker 2: risk of having deferred interest get you know, getting hit
Speaker 2: with that if you don't pay it off, because they
Speaker 2: create a plan for you to pay it off in
Speaker 2: a certain amount of time.
Speaker 4: So that's another another option for you. And hopefully that
Speaker 4: was helpful.
Speaker 2: Thank you very much for your question, Miss Breezy.
Speaker 4: Yes Breezy, sorry for I just made that up. I'm
Speaker 4: sorry for mispronounced your actual name. My bad.
Speaker 3: Now it's time for boothe their break for all our family.
Speaker 3: Will you booze? Will you break? Are you gonna boost
Speaker 3: their break? Mandy?
Speaker 1: You saw that repicks at the end because I'm like,
Speaker 1: you know what I'm gonna sway. You know, I'm someone
Speaker 1: you know I can't always do the same.
Speaker 2: That's like when you're that's like when you're in the club,
Speaker 2: been your showing off thing in the words and it's
Speaker 2: the remix and you like, don't know the remix yet
Speaker 2: because I was ready to like break it. Oh oh,
Speaker 2: I don't know the words. I'm going to do a
Speaker 2: break this week because it's been driving me a little nuts.
Speaker 2: So I'm going to take a break from engaging with
Speaker 2: the rumor mill at the office. Whether it can be
Speaker 2: about anything you know about someone's personal business or about
Speaker 2: someone's professional business, but I'm just at a point where
Speaker 2: I just feel like there's people, certain people in offices
Speaker 2: that really get off on like gossiping and spreading rumors
Speaker 2: or not just even spreading rumors, but just like engaging
Speaker 2: in rumors or trying to start rumors, and it's just
Speaker 2: so much loss. It's like wasted energy because it can
Speaker 2: cause people to stress out about things that don't even
Speaker 2: that aren't even going to happen, or it can cause
Speaker 2: people to feel bad about things that may not even
Speaker 2: be true.
Speaker 4: And I feel like.
Speaker 2: As adults, we should just as much as you can
Speaker 2: avoid And honestly, as a manager, vermer mills drive me
Speaker 2: nuts because I feel like they undermine sometimes like as
Speaker 2: a manager, you don't always want to tell you don't
Speaker 2: you can't always tell people exactly what's going on because
Speaker 2: you don't want to get people and I and I
Speaker 2: purposefully do this. I'll withhold information if I'm worried that
Speaker 2: there's not enough information, and it can just cause more
Speaker 2: uncertainty because that will just like vermur Mills live on uncertainty.
Speaker 2: They thrive on like the not having the full information.
Speaker 2: So I'll like purposefully wait if I know there's like
Speaker 2: people who gossip on the team because I don't want
Speaker 2: to give them any fuel to flame fires of you know,
Speaker 2: uncertainty or questioning you know what the bigger mission is.
Speaker 2: So that's my break. I don't know if I'll ever
Speaker 2: cure office gossip. Probably not, but it kind of just
Speaker 2: drives me nuts.
Speaker 3: There's there's like this. It's funny. It's like a gospel
Speaker 3: rendition where it's like mind of business. Have you seen it?
Speaker 3: Mind Business? It's hilarious. It's like mind business.
Speaker 1: It's a gospel choir but singing like what you got
Speaker 1: a mind to business? But it's hilarious and I think
Speaker 1: everyone should do so.
Speaker 3: And it's funny. Used to say that because I was
Speaker 3: watching Joe Ostine last Sunday.
Speaker 1: It was weird because I like literally went to sit
Speaker 1: in the bed and like turned on.
Speaker 3: I'm like, God, are you trying to tell me something?
Speaker 1: And he came on and that one the one of
Speaker 1: his closing messages was basically he literally said, mind your business.
Speaker 3: I was like, oh, Joelah spicy this Sunday.
Speaker 1: Yeah, It's it's very easy to get cart especially in
Speaker 1: the social media world, you know, like the way we
Speaker 1: live in social media, sometimes people take that offline, especially
Speaker 1: as if they have access. Remember I told you that
Speaker 1: a friend of a friend was like, ooh, Timmy doesn't
Speaker 1: post by her husband like she used to, and like
Speaker 1: I hope everything's okay.
Speaker 3: She don't hope everything's.
Speaker 1: Okay, Like you don't even know, you don't think okay,
Speaker 1: that's just nosy, but you know, And the truth is,
Speaker 1: I never I didn't even realize I had not posted
Speaker 1: a supermanagement. I guess the truth is I don't engage
Speaker 1: in social media like I used to. I used to
Speaker 1: like live on social when I was really building my business,
Speaker 1: and now I have a team that largely manages it.
Speaker 3: So of course they're not posting my husband.
Speaker 1: But we talked about Superman and Enrique all the time
Speaker 1: here on the podcast, so it's not you know, but
Speaker 1: I just thought that that was funny that, like, you know,
Speaker 1: And it was funny because I posted for our second anniversary.
Speaker 1: I posted, like, you know, just a quick like oh
Speaker 1: second anniversary, love you babe. And then someone who listens
Speaker 1: to Brown Ambition she wrote like, girl, you ain't have
Speaker 1: to post this for hart like she could find it.
Speaker 3: I love our listeners.
Speaker 1: They're like, so yes, minding your business costs nothing. I mean,
Speaker 1: we all could be a little nosy sometimes, but honestly,
Speaker 1: it's really to your detriment when you mind someone else's business,
Speaker 1: because you're taking away energy and time and effort from
Speaker 1: some things that you can use to to grow your
Speaker 1: own self.
Speaker 2: Yep, all right, what about you booster break, I'm.
Speaker 1: Gonna honestly, this is just random, but I'm gonna brand
Speaker 1: I am so I don't know what's going on with Facebook,
Speaker 1: so if anybody's a techie, so I was supposed to
Speaker 1: go live, So I'm a what do they call it?
Speaker 3: A brand?
Speaker 1: And no, I'm financial wellness brand ambassador. I think that
Speaker 1: they called me for Prudential Financial, which I love because
Speaker 1: so many financial companies don't get that financial wellness should
Speaker 1: be the should be the like the goal not having
Speaker 1: a certain amount of money. As a prudential is really
Speaker 1: starting to come around and understand that so much, so
Speaker 1: they have this whole they have this whole push towards
Speaker 1: financial wellness and how can we help you beyond just
Speaker 1: retirement and insurance, but like, how can you be okay
Speaker 1: as a person and how can you use your finances
Speaker 1: to help support how you want to show up in
Speaker 1: this world.
Speaker 3: So I love being this brand ambassador for Prudential.
Speaker 1: But anyway, I was supposed to go live because they
Speaker 1: sponsored like a live class.
Speaker 3: It was like, okay, this is It was like five
Speaker 3: things to do to.
Speaker 1: Prepare before the five things to do to prepare before
Speaker 1: the new year, financially prepare the new year.
Speaker 3: So I was excited. Supposed to go live. Click the
Speaker 3: live button on my computer.
Speaker 1: It says camera cannot connect and I was like what,
Speaker 1: So I'm trying everything. So now I'm sweating bullets. Uh
Speaker 1: you know, And I tried everything and it wouldn't work.
Speaker 1: And I mean I got on the phone with every
Speaker 1: tech person I could find. We ran through every single
Speaker 1: scenario and.
Speaker 3: It still doesn't work. So my brown break is like
Speaker 3: freak and taken day.
Speaker 1: I don't know.
Speaker 3: So I'm supposed to go live tonight.
Speaker 1: I'm gonna just do it for my phone, which is
Speaker 1: not ideal because who wants to hold their phone because
Speaker 1: I'm like a handsy person. I don't know if you
Speaker 1: guys can tell. I know you can't hear me, but
Speaker 1: even now I'm using my hands. I'm like, you know,
Speaker 1: used to it to talk. But yeah, I just sometimes
Speaker 1: it's like technology. Man, it's so convenient. It's inconvenient. But
Speaker 1: if anyone is super tachy send me an Instagram, it'll.
Speaker 4: Be too late tomorrow.
Speaker 1: Well here's the thing, like in just in general, because
Speaker 1: I go live like on Facebook and you know, all
Speaker 1: the time, but I would say at least every month
Speaker 1: or so, and so I don't know randomly why I can't.
Speaker 3: So if someone's like, oh my gosh, I remember when
Speaker 3: that happened to me, it's because of this.
Speaker 1: I'm using Google Chrome. I reached out on my computer.
Speaker 1: I cleared the history and the cookies and the cash
Speaker 1: see and all that kind of stuff. Yes, I have
Speaker 1: allowed like there's this button where you can allow Facebook
Speaker 1: to have access to your computer and your microphone.
Speaker 3: I did all of that. I did it all.
Speaker 1: I did it all, and I still it's still not working.
Speaker 1: So it's just frustrating. So that's my brown break because
Speaker 1: it's started me from being great. So yeah, if anybody
Speaker 1: you know, because I'm gonna likely go live next week,
Speaker 1: So if anybody has any suggestions about what we can
Speaker 1: do to get my computer camera, because like my camera,
Speaker 1: like if I do FaceTime or anything, it works on
Speaker 1: every other capacity. Just not with Facebook, and I do
Speaker 1: not know why. Yeah, so just you know, I'd love
Speaker 1: your feedback because it's breaking my spirits.
Speaker 2: It is help Tiffany out all. Forward your response. It's
Speaker 2: brandonbisionpodcast at gmail dot com.
Speaker 3: Dot com. Well that was a good show. Those questions
Speaker 3: were really great.
Speaker 1: I love when you guys ask like now, well, you
Speaker 1: guys always ask good questions.
Speaker 4: Keep them coming.
Speaker 2: Mhm.