WEBVTT - EYL #80 The Budgetnista 0:00:00.400 --> 0:00:03.120 Coach, the energy out there felt different. What changed for 0:00:03.160 --> 0:00:03.800 the team today? 0:00:03.880 --> 0:00:06.040 It was the new game day scratches from the California 0:00:06.080 --> 0:00:07.080 Lottery players. 0:00:07.120 --> 0:00:07.520 Everything. 0:00:07.840 --> 0:00:09.799 Those games sent the team's energy through the roof. 0:00:09.880 --> 0:00:11.840 Are you saying it was the off field play that 0:00:11.920 --> 0:00:13.000 made the difference on the field. 0:00:13.119 --> 0:00:15.840 Hey, little play makes your day, and today it made 0:00:15.880 --> 0:00:19.079 the game. That's all for now, coach, one more question. 0:00:19.000 --> 0:00:21.800 Play the new Los Angeles Chargers, San Francisco forty nine 0:00:21.880 --> 0:00:24.960 Ers and Los Angeles Rams scratchers from the California Lottery. 0:00:25.040 --> 0:00:28.200 A little play can make your day. Peace made responsibly. 0:00:28.240 --> 0:00:30.080 Must be eighteen years or older to purchase late or claim. 0:00:30.360 --> 0:00:34.680 All right, guys, welcome back another exciting episode EYL. 0:00:34.360 --> 0:00:35.240 The Virtual Edition. 0:00:35.560 --> 0:00:38.600 Virtual Edition. Yeah, so you know we're getting better. 0:00:38.760 --> 0:00:39.000 Yeah. 0:00:39.280 --> 0:00:41.879 Sure, this is our second virtual episode. So you know 0:00:41.960 --> 0:00:43.600 we all worked out the kinks the first one. 0:00:43.720 --> 0:00:43.920 Yeah. 0:00:44.000 --> 0:00:47.199 Yeah, so now we're trying one. Yeah. 0:00:47.400 --> 0:00:49.239 You know, when as it will as a way, we're 0:00:49.240 --> 0:00:49.879 gonna get it done. 0:00:50.040 --> 0:00:52.480 So, you know, as I said, we try to facilitate 0:00:52.720 --> 0:00:57.880 people and topics that we get requested for, and you know, 0:00:57.920 --> 0:01:01.760 this is definitely a topic that we have gotten requested 0:01:01.880 --> 0:01:04.160 like a lot of times to cover like finance tip, 0:01:04.360 --> 0:01:06.440 A lot of time to talk about like all kinds 0:01:06.440 --> 0:01:10.600 of high level stuff. But it's important for everybody, not 0:01:10.680 --> 0:01:14.480 just regular every day people. Everybody to have the fundamentals. 0:01:14.520 --> 0:01:16.600 Like I used to play sports, and they and my coaches, 0:01:16.600 --> 0:01:18.679 so as you say, like before you do trick shots 0:01:18.680 --> 0:01:22.000 and before you do you gotta learn the fundamentals. So 0:01:22.280 --> 0:01:29.400 our guest today is the fundamental Champion Crown, the Tiffany Aliche. 0:01:29.840 --> 0:01:33.160 So she's better known as budget Nista on Instagram and 0:01:33.200 --> 0:01:36.320 Facebook and all over the internet. So a real, a 0:01:36.319 --> 0:01:39.280 real force of nature. She's been all over the place, 0:01:39.319 --> 0:01:42.600 the real but more in America, I believe for black enterprise. 0:01:43.440 --> 0:01:46.240 She has something that she's doing with own open network. 0:01:46.480 --> 0:01:47.960 We just got finished talking about that. 0:01:48.000 --> 0:01:49.640 Street Journal New York Times. 0:01:49.880 --> 0:01:53.200 Yeah, she's she's she's a published author, she wrote several 0:01:53.200 --> 0:01:56.120 books today, she has an own academy, she has an 0:01:56.200 --> 0:01:59.480 extensive community on social media. 0:01:59.320 --> 0:02:00.920 And she started that education preschool. 0:02:01.000 --> 0:02:01.960 Yeah, we're gonna talk to that. 0:02:02.640 --> 0:02:05.080 So yeah, so the budget needs to If you follow 0:02:05.120 --> 0:02:07.240 her Instagram, you know she gives all kinds of tips 0:02:07.640 --> 0:02:12.240 from retirement planning, to budgeting, to paying off debt to 0:02:12.480 --> 0:02:15.600 just you know, practical tips, that financial tips, understanding credit, 0:02:15.760 --> 0:02:19.240 understanding credit, all kinds of stuff. So yeah, you know 0:02:19.280 --> 0:02:21.320 this is right up our alley as far Alisia. So 0:02:21.400 --> 0:02:23.520 first and foremost, thank you, thank you for joining us. 0:02:23.520 --> 0:02:24.480 Appreciate it, so. 0:02:24.480 --> 0:02:26.320 Thank you for having me. This is dope. I listened 0:02:26.320 --> 0:02:28.239 to y'all. Remember when Black and Parts did that article 0:02:28.240 --> 0:02:29.360 on y'all. Al was like, let me. 0:02:29.360 --> 0:02:33.320 Let me listen shout that was a minute ago. That 0:02:33.440 --> 0:02:35.160 was that was crazy. 0:02:36.080 --> 0:02:38.600 So I put it all in my rotations. I like 0:02:38.680 --> 0:02:40.200 listening to the podcast and then I saw you have 0:02:40.320 --> 0:02:42.040 my brother from another mother, Ash cast that. 0:02:42.440 --> 0:02:44.119 Oh yeah, yeah, yeah, that's our guy. 0:02:44.960 --> 0:02:46.840 We had him on two podcasts. We had him on 0:02:46.919 --> 0:02:47.480 two podcasts. 0:02:47.520 --> 0:02:49.359 He did a live podcast for us in DC and 0:02:49.400 --> 0:02:51.400 then he did the Regular So shout out to Ash 0:02:51.440 --> 0:02:52.000 cash Man. 0:02:52.080 --> 0:02:53.480 He's a he's a good guy. 0:02:53.280 --> 0:02:56.760 For university too. Yeah, he's a regular. He's a regular. 0:02:56.760 --> 0:02:57.200 That's our brother. 0:02:57.240 --> 0:02:57.360 Ye. 0:03:00.919 --> 0:03:04.480 So so Tiffany, can we should I call you Tiffany 0:03:04.520 --> 0:03:05.040 or budgonesa? 0:03:05.080 --> 0:03:05.880 Which one do you prefer? 0:03:06.200 --> 0:03:08.320 I mean, you call me whatever, but like you got 0:03:08.360 --> 0:03:09.919 me budgetestas you know, that's the Brandon. 0:03:10.040 --> 0:03:11.760 Sorry, call you whatever. Just don't call you broke. 0:03:11.840 --> 0:03:12.560 That's a fact. 0:03:14.400 --> 0:03:17.760 So so all right, Kim, you got a very interesting 0:03:17.840 --> 0:03:20.560 backstory because I actually watched it on your on your 0:03:20.600 --> 0:03:22.800 website and a lot of people that we bring on 0:03:22.840 --> 0:03:26.320 the podcast are from humble beginnings or that financial literacy 0:03:26.360 --> 0:03:28.720 was not taught to them. They're like first generation learning 0:03:28.760 --> 0:03:32.400 about financial literacy. But you, you was actually interesting for 0:03:32.400 --> 0:03:34.480 a few different reasons. A, you were a teacher like Troy, 0:03:35.720 --> 0:03:38.720 you taught young kids preschool, I believe. But you said 0:03:38.760 --> 0:03:41.560 your father actually instilled financial literacy and you at an 0:03:41.600 --> 0:03:44.120 early age he was accounting in the CEOs And so 0:03:44.160 --> 0:03:46.720 can you talk about that your journey from you know, 0:03:46.800 --> 0:03:50.160 growing up in a household of financial literacy to becoming 0:03:50.160 --> 0:03:52.680 an educator to now becoming an entrepreneur. 0:03:53.480 --> 0:03:56.280 Yeah, so yeah, you had it write. My dad was 0:03:56.280 --> 0:04:00.600 a CFO and an accountant, and he and my mom 0:04:00.680 --> 0:04:08.840 both immigrated from Nigeria shout out Eboku and so they 0:04:09.120 --> 0:04:11.040 so my dad was like really like kind of like 0:04:11.080 --> 0:04:13.920 the academic when it came to financial education. So like 0:04:14.200 --> 0:04:16.960 sit down to they let me show you how to budget, 0:04:17.080 --> 0:04:19.560 Let me show you like how to He would like 0:04:19.640 --> 0:04:22.000 do a budget like in his ledger book, you know, 0:04:22.160 --> 0:04:23.800 let me show you how to use my calculator with 0:04:23.839 --> 0:04:26.680 the paper coming out the back. And my mom was 0:04:26.800 --> 0:04:30.520 more like real life application, like we go on food 0:04:30.520 --> 0:04:35.960 shopping and we negotiating, we can you know. And so 0:04:36.120 --> 0:04:37.560 so I'm one of five girls, so you know, we 0:04:37.600 --> 0:04:40.320 have five kids, budgets a way. 0:04:40.160 --> 0:04:44.760 Of life that's a lot extreme exactly. 0:04:45.360 --> 0:04:48.680 So I just grew up, like we didn't shy away 0:04:48.680 --> 0:04:50.520 from money talk in the house. So it was odd 0:04:50.560 --> 0:04:52.640 to me when I got older and I was like, 0:04:52.720 --> 0:04:54.680 y'all don't have Thursday night money class. What'sy'all been doing 0:04:54.720 --> 0:04:58.000 on Thursday nights? You know? So it was odd to 0:04:58.000 --> 0:05:00.479 me when I got older how people were so fearful 0:05:00.520 --> 0:05:03.320 to talk about money because I didn't grow up with 0:05:03.360 --> 0:05:06.360 this knee jerk reaction like we don't talk about money here, 0:05:06.560 --> 0:05:09.200 or we don't share the ups and downs. Like I 0:05:09.200 --> 0:05:12.960 can't remember one Christmas my dad, I think it was 0:05:12.960 --> 0:05:16.640 like November December here. His his job was closing down, 0:05:16.720 --> 0:05:20.799 and he was like, so for Christmas, you know, we 0:05:20.839 --> 0:05:24.479 won't we won't have Christmas in December. Instead, we're going 0:05:24.560 --> 0:05:26.760 to push it to the end of January, right, And 0:05:26.800 --> 0:05:28.120 I was like, all right, So we put up the 0:05:28.160 --> 0:05:31.560 tree like January twenty fifth, and it was like presents abound, 0:05:31.720 --> 0:05:34.040 So there was He was really good and my parents 0:05:34.080 --> 0:05:36.719 were really good at talking about money in a way 0:05:36.720 --> 0:05:40.960 that was kid appropriate but not assigning negativity to it. 0:05:41.240 --> 0:05:42.960 So it wasn't like it ain't gonna be no Christmas. We 0:05:42.960 --> 0:05:46.560 ain't got it. It was like, so daddy's job closed 0:05:47.160 --> 0:05:49.760 because they had a strike, So this is what's happening, 0:05:49.800 --> 0:05:51.600 and then this is the immediate solution. So I was 0:05:51.680 --> 0:05:54.359 kind of like, okay, So that was a way of life, 0:05:54.440 --> 0:05:58.080 and when it wasn't until really I got to college 0:05:58.440 --> 0:06:00.479 and my college roommate shout out to her. I won't 0:06:00.480 --> 0:06:03.320 say your name, girl, because we're still Facebook friends, but 0:06:04.200 --> 0:06:06.680 she was getting deck collectors call in the dorm room 0:06:06.720 --> 0:06:10.240 and we thought it was hilarious because I mean, we're kids, dumb, 0:06:10.440 --> 0:06:13.200 so they would call and we were like, we would 0:06:13.240 --> 0:06:15.760 pretend different names and we were put on different voices, 0:06:15.800 --> 0:06:17.520 and I thought it was hilarious. And I went home 0:06:17.760 --> 0:06:20.280 telling my dad like, yo, so I just just has 0:06:20.320 --> 0:06:22.120 deck collectors call in the room and he was like, yo, 0:06:22.240 --> 0:06:26.200 that's serious, and I'm like it was like, y'all are 0:06:26.400 --> 0:06:29.080 violent when you go back, tell her to say this, this, this, 0:06:29.120 --> 0:06:31.760 and this, and I was like, okay, and so I did. 0:06:31.880 --> 0:06:34.200 So it turned out that her mom, who was a 0:06:34.240 --> 0:06:36.760 single mom and trying her best, had opened up credit 0:06:36.760 --> 0:06:38.800 cards in her name. So I had never even heard 0:06:38.839 --> 0:06:41.719 of that before. And so that was kind of like 0:06:41.760 --> 0:06:43.880 the first time that I realized that, not that I 0:06:43.880 --> 0:06:46.360 mean my parents, we didn't have a lot of money. 0:06:46.400 --> 0:06:47.760 You can't have a lot of money with five kids 0:06:47.760 --> 0:06:51.720 for the most part, So it wasn't mad we grew up. 0:06:51.760 --> 0:06:54.159 I remember roaches and things, you know, when we was 0:06:54.200 --> 0:06:56.240 real little, So it's not that we had a lot 0:06:56.240 --> 0:06:58.440 of money, but there was a lot of knowledge, and 0:06:58.480 --> 0:07:01.040 so I didn't realize that that was truly the difference. 0:07:01.080 --> 0:07:03.120 And not that like I said, I didn't grow up 0:07:03.760 --> 0:07:05.960 having a lot, but I grew up learning a lot 0:07:06.000 --> 0:07:09.240 and I took that with me and after college. In college, 0:07:09.240 --> 0:07:10.440 I didn't know what I wanted to do, so I 0:07:10.520 --> 0:07:12.880 chose business randomly because I figured, I guess I could 0:07:12.880 --> 0:07:15.000 get a job with that, but I really fell in 0:07:15.000 --> 0:07:17.800 love with teaching on campus. To make extra money, I 0:07:17.800 --> 0:07:19.720 started working as a childcare center and I was like, oh, 0:07:19.720 --> 0:07:21.320 I like this, this is fun. I could be wild 0:07:21.400 --> 0:07:22.960 that could be my crazy self. Like if you know me, 0:07:22.960 --> 0:07:25.320 I'm like a little on wild side. And I'm like, 0:07:25.320 --> 0:07:29.280 because all of my internships were so boring and I'm everything, 0:07:29.320 --> 0:07:32.080 I'm gonna die here in corporate America. They're not gonna 0:07:32.120 --> 0:07:34.320 have me. I was so dramatic. They not gonna take 0:07:34.400 --> 0:07:39.120 my soul. So I was like, Okay. After graduation, it 0:07:39.200 --> 0:07:40.920 was like one year away when I realized I didn't 0:07:40.920 --> 0:07:44.120 want to work in corporate America, and so I decided 0:07:44.120 --> 0:07:45.680 and instead I'm going to be a teacher. So I 0:07:45.680 --> 0:07:48.360 went back and got my certification. And in the meantime, 0:07:48.400 --> 0:07:50.240 I said, well, back then, you could do this. I 0:07:50.280 --> 0:07:52.040 don't think you could do it now, but you could 0:07:52.080 --> 0:07:54.680 teach preschool with a college degree. You didn't have to 0:07:54.680 --> 0:07:57.480 be certified. I believe now you have to have certification. 0:07:57.680 --> 0:08:00.560 So I said, okay, it's nine months for certifiction. I'll 0:08:00.560 --> 0:08:03.360 teach older grades after that, but in the meantime, I'll 0:08:03.360 --> 0:08:06.040 teach preschool. But I ended up falling in love with 0:08:06.280 --> 0:08:09.640 that age and I stayed there for ten years and 0:08:09.720 --> 0:08:12.560 I loved it, and I wasn't making much. I remember 0:08:12.640 --> 0:08:16.320 my corporate internship job after graduating and offered me fifty 0:08:16.360 --> 0:08:21.880 thousand dollars a year, and the teaching job offered me 0:08:21.920 --> 0:08:25.000 thirty nine thousand. And that's when I realized the importance 0:08:25.000 --> 0:08:27.560 of financial education because I was like, I could take 0:08:27.600 --> 0:08:30.920 the fifty and hate my life, or I could take 0:08:30.960 --> 0:08:34.079 the thirty nine and love my life but not make 0:08:34.160 --> 0:08:36.160 as much. So I took the thirty nine and I 0:08:36.200 --> 0:08:37.520 freaked it andd it. 0:08:38.679 --> 0:08:39.680 I like that. I liked that. 0:08:41.960 --> 0:08:44.200 In two years, I saved forty thousand dollars. I bought 0:08:44.200 --> 0:08:46.840 a condo. I bought my car in cash. I had 0:08:46.880 --> 0:08:51.720 like this little Putt Putt twenty nineteen Nissan Ultima, but 0:08:51.760 --> 0:08:54.120 it was paid off in cash. So I had forty 0:08:54.160 --> 0:08:56.440 thousand dollars. Say I bought a condo, I had my 0:08:56.520 --> 0:08:59.600 master's I was honestly I had money. Say that was 0:08:59.640 --> 0:09:02.080 maxim out my retirement account and was doing all the 0:09:02.120 --> 0:09:05.120 right things so much so I decided, Okay, it's time 0:09:05.160 --> 0:09:08.040 for me to start investing for wealth, not just retirement. 0:09:08.480 --> 0:09:10.400 So this is back in the day when I used 0:09:10.400 --> 0:09:12.320 to believe that if you look like you have money, 0:09:12.360 --> 0:09:16.280 you have money. So one of my friends, i'll call him, 0:09:17.559 --> 0:09:19.440 I call him Jacob Defet. His name is not Jacob, 0:09:19.440 --> 0:09:22.560 but he's in jail now, so m hmm. So he 0:09:23.200 --> 0:09:25.160 was my I thought he was my boy, and I thought, yo, 0:09:25.280 --> 0:09:29.920 Jacob got money, lay pol I member. He had a 0:09:29.960 --> 0:09:34.000 penthouse in New York, I mean dressed tailored down. And 0:09:34.040 --> 0:09:35.840 I was like, yo, Jacob, you clearly have money. Teach 0:09:35.880 --> 0:09:37.800 me how to invest. And he was like, okay, you 0:09:37.840 --> 0:09:41.000 look like a sucker, I mean an investor. And so 0:09:41.040 --> 0:09:42.640 he was like, you know, the best way to invest 0:09:42.720 --> 0:09:45.400 is other people's money. Do you have credit cards? I 0:09:45.480 --> 0:09:47.400 was like one, but they don't really have much of 0:09:47.400 --> 0:09:49.360 a balance because my dad would out a balance a limit. 0:09:49.400 --> 0:09:51.160 My dad had already taught me that you pay off 0:09:51.200 --> 0:09:53.240 your credit cards every month in fall. So I had one, 0:09:54.400 --> 0:09:55.880 and so he was like, nai, yo, you got a 0:09:55.880 --> 0:09:58.400 good credit, open up like three of them joys. Okay, 0:09:59.120 --> 0:10:01.920 opened them up and I had like high limits, five thousand, 0:10:02.040 --> 0:10:04.560 ten thousand. He's like, take that money off, we go 0:10:04.600 --> 0:10:10.199 on best with that money. I all that money. I 0:10:10.320 --> 0:10:13.760 gave it to Jacob, the damn thief, and he was gone. 0:10:14.440 --> 0:10:16.320 And here I was with thirty five thousand dollars in 0:10:16.360 --> 0:10:19.360 credit card debt, like overnight, and I just remember being 0:10:19.480 --> 0:10:25.000 like wait what And I was hot and then I 0:10:25.000 --> 0:10:26.839 remember I was like, nio, I'm gonna get the boys 0:10:26.840 --> 0:10:29.520 on Jacob. Like so I was searching for Jacob. And 0:10:30.480 --> 0:10:32.439 then the recession hit, and all of a sudden, in 0:10:32.480 --> 0:10:34.800 my school where I worked, they were like, yeah, so 0:10:35.480 --> 0:10:38.120 new school year, it's not happening, so you know, good 0:10:38.200 --> 0:10:39.880 luck to you. I was like, so wait, now our 0:10:39.920 --> 0:10:42.080 old thirty five thousand dollars in debt. I had just 0:10:42.120 --> 0:10:44.160 got my master so now I also had a fifty 0:10:44.480 --> 0:10:48.160 plus thousand dollars like master's degree from Seaton Hall University 0:10:48.160 --> 0:10:50.640 that had to pay off. I have a mortgage, credit 0:10:50.720 --> 0:10:52.560 card debt for the first time, and no job. All 0:10:52.559 --> 0:10:55.560 of a sudden, it was like really bad. And I 0:10:55.600 --> 0:10:57.320 went from all of a sudden being Tiffany who was 0:10:57.320 --> 0:11:01.000 so good with my money, to Tiffany who's broke. And 0:11:01.080 --> 0:11:03.320 it was hard to like dig my way out. And 0:11:03.400 --> 0:11:05.640 it took me a while to kind of forgive myself 0:11:05.679 --> 0:11:08.880 for the mistakes because I blamed Like, I mean, it's 0:11:08.880 --> 0:11:11.840 one thing to take responsibility, it's another thing to blame yourself. 0:11:12.200 --> 0:11:14.640 So I told myself, you have to take responsibility, but 0:11:15.440 --> 0:11:17.240 you have to you got to get tired of kicking 0:11:17.240 --> 0:11:19.240 yourself while you're down, girl, Like, okay, we get it. 0:11:19.240 --> 0:11:22.240 You ain't cant nobody you know, you made a mistake. 0:11:22.360 --> 0:11:25.120 You were in your early twenties. These things happened. So 0:11:25.160 --> 0:11:27.240 I leaned on what I knew. I knew how to budget, 0:11:27.320 --> 0:11:29.240 I knew how to save, I knew how to like 0:11:29.880 --> 0:11:32.240 the fundamentals that had learned at home. I leaned on that. 0:11:32.480 --> 0:11:34.080 And it was the recession, the two thousand and eight 0:11:34.120 --> 0:11:36.520 two thousand and nine procession. I moved back home with 0:11:36.559 --> 0:11:39.320 my parents. I was twenty nine going on thirty, sleeping 0:11:39.360 --> 0:11:42.200 in my sh medium middle school bed, like yo, this 0:11:42.280 --> 0:11:45.200 can't be life. But it was. And from there I 0:11:45.240 --> 0:11:47.440 started to just like build myself back up, and people 0:11:47.480 --> 0:11:49.880 started asking me like yo, because they had already known 0:11:49.880 --> 0:11:51.480 me before. I used to help my family and friends 0:11:51.520 --> 0:11:53.240 with their budgets and things like that, and I used 0:11:53.280 --> 0:11:56.480 to volunteer doing so, like I would help the parents 0:11:56.559 --> 0:11:59.520 of my preschoolers with their finances, but just like something, 0:11:59.559 --> 0:12:03.000 you know, light work. But I realized that during a recession, 0:12:03.040 --> 0:12:06.360 people needed that assistance, and so I'm like friends would 0:12:06.400 --> 0:12:08.439 ask and friends of friends and friends of friends of friends, 0:12:08.480 --> 0:12:10.600 and then Finally, my best friend was like, you should, 0:12:10.679 --> 0:12:12.560 you should start charging and I'm like, can you do that? 0:12:13.400 --> 0:12:15.600 And my baby sister gave me the name Budgetisa because 0:12:15.640 --> 0:12:18.040 she was being shady. She said, oh, you know the fashionista. 0:12:18.080 --> 0:12:23.200 I said, yeah, she said, that's not you. I was like, 0:12:23.679 --> 0:12:26.720 you know what, I like it, so Budgetisa. It was 0:12:27.040 --> 0:12:31.599 who's laughing now, Lisa? So yeah, So I started the 0:12:31.600 --> 0:12:33.800 Budgetnisa and it was started off as one on ones 0:12:34.440 --> 0:12:37.040 and then I started partnering with organizations like the United 0:12:37.080 --> 0:12:41.160 Way Boys and Girls Club, and then I started working, like, 0:12:41.200 --> 0:12:44.800 you know, speaking at colleges and then Prudential. Before I 0:12:44.880 --> 0:12:48.640 knew it, social media started to be less about what 0:12:48.679 --> 0:12:50.360 you ate for dinner and lunch, and more and more 0:12:50.400 --> 0:12:53.440 people businesses started to come online, and so I started 0:12:53.440 --> 0:12:57.600 to lean in to like using online to grow my business, 0:12:57.960 --> 0:13:02.439 and the Budgetnisa was booming. It actually does really well. 0:13:02.559 --> 0:13:05.120 I realized that this financial education space does really well 0:13:05.200 --> 0:13:09.120 during recessions, and so yeah, it was booming, and it 0:13:09.240 --> 0:13:11.720 really I'm grateful for those hot hard times because it 0:13:11.760 --> 0:13:15.040 also humbled me and it taught me what people were 0:13:15.040 --> 0:13:17.840 really feeling when they were messing up financially. Because I 0:13:17.840 --> 0:13:20.680 didn't get that before because I had been financially perfect 0:13:20.800 --> 0:13:23.840 up until like my mid twenties, and once I went 0:13:23.880 --> 0:13:26.440 through financial hard times, when someone tells me I lost 0:13:26.480 --> 0:13:28.240 my house to foreclosure, I'm like, I know what that 0:13:28.280 --> 0:13:30.679 feels like because I've been there, Or like, yo, I 0:13:30.679 --> 0:13:32.720 don't have enough money for groceries. I'm like, I know 0:13:32.720 --> 0:13:35.080 what that feels like. And so I'm glad for those 0:13:35.120 --> 0:13:37.560 times because it allows me to truly be of service 0:13:37.600 --> 0:13:40.880 and to serve from a place of empathy, not just sympathy. 0:13:42.080 --> 0:13:42.640 A lot of game. 0:13:43.080 --> 0:13:46.000 First of all, Happy Teacher Appreciation Week. Once a teacher, 0:13:46.040 --> 0:13:48.400 always a teacher. I want to go back to what 0:13:48.480 --> 0:13:52.160 you said about investing for wealth versus investing for retirement. 0:13:52.480 --> 0:13:54.960 Especially with my colleagues in the field of education, all 0:13:55.000 --> 0:13:55.960 they think about is retirement. 0:13:55.960 --> 0:13:57.280 They don't really think about long time wealth. 0:13:57.520 --> 0:14:00.040 How'd you get people in that mindset, especially around you 0:14:00.080 --> 0:14:00.960 at that time. 0:14:01.640 --> 0:14:04.640 To start well? And during the recession, everybody wide open, 0:14:05.280 --> 0:14:08.200 everybody because it's like struggle time. So everyone's like, I 0:14:08.240 --> 0:14:10.560 need help, I need help, I need help. And they 0:14:10.679 --> 0:14:15.160 realized that some of the everyone's not broke because of COVID, 0:14:15.679 --> 0:14:18.079 A lot of folks know that they struggling because of 0:14:18.160 --> 0:14:21.400 things before COVID, That COVID was really like a magnifying 0:14:21.440 --> 0:14:25.440 glass on Yeah, you you know, you was already here. 0:14:25.520 --> 0:14:28.000 Cis like you, you know, your bank account was already 0:14:28.040 --> 0:14:30.600 on love Love, And so it wasn't hard to get 0:14:30.600 --> 0:14:34.360 people in the mindset because people were really open. Like honestly, 0:14:34.400 --> 0:14:36.160 it was just like, hey, who does help with budgeting? 0:14:36.280 --> 0:14:38.240 I do, because if you can't beat your kids and 0:14:38.280 --> 0:14:41.240 you can't pay your bills, you're ready to learn, you know. 0:14:41.320 --> 0:14:43.680 So that part was honestly easy. It's hard. It's hard 0:14:43.720 --> 0:14:46.560 doing great times to get people to get on board 0:14:46.560 --> 0:14:51.400 because before two thousand and eight financial crash, nobody wanted 0:14:51.400 --> 0:14:54.200 to hear me talk about budgeting and living. Simply none 0:14:54.240 --> 0:14:56.400 of my friends cared. But like you know, when you 0:14:56.440 --> 0:14:58.000 lose your job and there's no money in the savings 0:14:58.000 --> 0:15:00.320 account and the checking account, you know, people were open. 0:15:00.800 --> 0:15:02.720 So that's that's really what it was. It was the 0:15:02.840 --> 0:15:05.120 times like it was. It was like there was like 0:15:05.160 --> 0:15:07.360 a crack in the matrix and I slipped in. It 0:15:07.440 --> 0:15:10.840 was perfect timing for what I was bringing to the table. 0:15:10.880 --> 0:15:12.400 It was things that I had already said already, like 0:15:12.400 --> 0:15:13.960 even now like our business. You know, we had the 0:15:14.040 --> 0:15:18.560 best April ever, like the best month ever, ever, ever 0:15:18.680 --> 0:15:21.600 in ten years of business. And it's because people are 0:15:21.680 --> 0:15:24.840 open right now, because we're in what looks like to 0:15:24.840 --> 0:15:25.880 be the start of a recession. 0:15:26.200 --> 0:15:29.000 So let me ask you this. You was making thirty 0:15:29.080 --> 0:15:32.040 nine thousand dollars a year and in two years you 0:15:32.040 --> 0:15:36.200 said you saved forty thousand and you maxed out your 0:15:36.200 --> 0:15:41.720 full your retirement plan. How is that possible? Because like, yeah, 0:15:41.720 --> 0:15:42.840 how is that even possible? 0:15:43.600 --> 0:15:45.840 Well, see, one of the things I did was it's 0:15:45.880 --> 0:15:48.280 the before, the before. So what most people do they 0:15:48.280 --> 0:15:50.840 graduate college, They're like, yo, I got to stun maybe 0:15:50.880 --> 0:15:53.600 a core and I was like, I need a car too. 0:15:53.680 --> 0:15:55.560 But what I'm not going to do is get the 0:15:55.640 --> 0:15:59.360 twenty thousand dollars car with the car Nome. Instead, I stayed. 0:15:59.440 --> 0:16:02.080 I stayed home my first year after graduating in college 0:16:02.560 --> 0:16:05.120 because even though living with Nigerian parents, I know, joke, 0:16:05.160 --> 0:16:07.800 because it's still like, why are you going It's to midnights. 0:16:07.840 --> 0:16:10.920 I'm like, it's hey, what are you doing in these streets? 0:16:11.040 --> 0:16:15.280 In the streets but so so, but I was like, 0:16:15.320 --> 0:16:18.160 I'm willing to take the short term l for the 0:16:18.240 --> 0:16:23.280 long term, w tweeted at the Buchanista. So, so that's 0:16:23.280 --> 0:16:25.160 what I did. I stayed home for a year, and 0:16:25.200 --> 0:16:27.040 I remember at the time, I didn't even I wasn't 0:16:27.040 --> 0:16:29.320 even making the thirty nine thousand. I was making I 0:16:29.360 --> 0:16:31.360 think fourteen dollars an hour. But I knew one thing. 0:16:31.360 --> 0:16:33.880 I had pay rent and I didn't have a car 0:16:33.920 --> 0:16:35.560 at the time, but I wanted to save up, so 0:16:35.960 --> 0:16:38.520 I was making h I want to say I probably 0:16:38.560 --> 0:16:42.640 was making like maybe like two thousand dollars a month 0:16:42.720 --> 0:16:45.040 or something like that, or maybe not even maybe like 0:16:45.120 --> 0:16:47.040 fourteen or fifteen hundred dollars a month, but I was 0:16:47.160 --> 0:16:51.040 saving about nine hundred dollars a month when I stayed 0:16:51.040 --> 0:16:53.560 home that first year out of college. That's ad a mistake. 0:16:53.600 --> 0:16:55.560 I know everybody doesn't have this opportunity, but I'm sharing 0:16:55.560 --> 0:16:57.240 because people always get mad like I can't do that. 0:16:57.440 --> 0:17:02.360 Since you ask me my story. So I stayed home 0:17:02.440 --> 0:17:04.720 because I was able and my parents said, you don't 0:17:04.760 --> 0:17:06.400 have to pay rent. I used to ride my bike 0:17:06.720 --> 0:17:08.560 to go teach at the local daycare center. It was 0:17:08.560 --> 0:17:12.000 in Plainfield, New Jersey, and I was making, like I said, 0:17:12.000 --> 0:17:14.400 fourteen or fifteen dollars an hour, making like I think 0:17:14.440 --> 0:17:18.760 sixteen hundred dollars a month. Save saved that nine hundred 0:17:18.800 --> 0:17:20.400 dollars a month, and at the end of the year, 0:17:20.440 --> 0:17:23.280 I had like ten thousand, eight hundred. So with that 0:17:23.280 --> 0:17:26.280 ten thousand, eight hundred, I told my dad, Okay, I 0:17:26.320 --> 0:17:28.960 want to get a car. He was like, well, lesson, adult, 0:17:29.040 --> 0:17:30.719 lesson number one, do not get a new car. It's 0:17:30.760 --> 0:17:33.800 a waste of money. They'd depreciate. It's a losing investment. 0:17:33.840 --> 0:17:37.239 It's not an investment. It's a liability means liabilities well 0:17:37.280 --> 0:17:40.240 y'all know, but just audience ability to take money out 0:17:40.280 --> 0:17:40.800 your pocket. 0:17:40.840 --> 0:17:44.200 Right, Yeah, I've heard that's loan before. 0:17:45.680 --> 0:17:47.119 But he was like, but I'm gonna take you to 0:17:47.240 --> 0:17:49.000 my guy. You know everybody got a guy. I'm to 0:17:49.080 --> 0:17:50.720 take you to my guy. He will take you to 0:17:50.720 --> 0:17:53.360 the auction. And so he took me to his friend 0:17:53.359 --> 0:17:56.000 who's a dealer, a car dealer, and took me to 0:17:56.000 --> 0:17:58.840 the auction. And I was like that one nine and 0:17:58.880 --> 0:18:03.719 I told you to ninety ultimonth it was five thousand, 0:18:03.760 --> 0:18:06.640 five hundred. My dad said, okay, that's what you want. 0:18:06.680 --> 0:18:09.880 So for my ten thousand, nine hundred, I put down 0:18:09.920 --> 0:18:12.280 I bought it for five thousand, five hundred. So one, 0:18:12.680 --> 0:18:14.439 now I have no car note, but I do have 0:18:14.480 --> 0:18:18.080 a car. Two, My insurance was super low because when 0:18:18.119 --> 0:18:20.840 you own the car out right, your insurance is new. 0:18:21.080 --> 0:18:23.120 So I remember my insurance being like fifty two dollars 0:18:23.200 --> 0:18:27.160 a month. So if you compare someone else's life, they 0:18:27.200 --> 0:18:29.320 have a car, they have insurance, but that's costing them, 0:18:29.320 --> 0:18:31.640 say three hundred dollars a month. I have a car. 0:18:31.720 --> 0:18:34.160 I have insurance, but it's costing me fifty two bucks 0:18:34.200 --> 0:18:36.080 a month. So I was like, all right, now we 0:18:36.160 --> 0:18:38.520 cooking with grease. Now. It was like when I was 0:18:38.560 --> 0:18:42.120 able to get the job teaching right and making thirty 0:18:42.200 --> 0:18:45.040 nine thousand, I still had that car, and I was like, okay, 0:18:45.040 --> 0:18:47.280 now I'm ready to move out. But one thing I 0:18:47.359 --> 0:18:49.240 knew was yes, is it dope to have my own 0:18:49.320 --> 0:18:52.160 fly apartment? Yes, but you know it's even better paying 0:18:52.240 --> 0:18:54.600 low rent. So I asked my sister. I was twenty 0:18:54.600 --> 0:18:56.880 three and she was twenty five. I said, you're ready 0:18:56.880 --> 0:18:58.840 to blow this joints. He says, sure am, So we 0:18:58.880 --> 0:19:02.359 got an apartment together. It took me like I was 0:19:02.400 --> 0:19:04.040 in charge for looking at the department because she knew 0:19:04.040 --> 0:19:07.040 I was cheap, so it took me like six months 0:19:07.520 --> 0:19:09.960 of looking everywhere. We found this apartment. It was actually 0:19:10.040 --> 0:19:12.119 next to a daycare center. The woman who owned it, 0:19:12.520 --> 0:19:16.479 she was like, look y'all look like nice, wholesome girls, 0:19:16.960 --> 0:19:19.159 and it's next to my business, this daycare center. So 0:19:19.160 --> 0:19:21.000 I don't want no partying, no this, no that. So 0:19:21.080 --> 0:19:22.800 as a result of that, I'm gonna keep the rent 0:19:22.880 --> 0:19:25.080 low and reasonable. It was eleven hundred dollars a month. 0:19:25.400 --> 0:19:27.879 It included the utilities because the daycare center and the 0:19:28.040 --> 0:19:31.359 house that we were renting were connected, so the daycare 0:19:31.400 --> 0:19:33.880 center paid the utilities. I was like, but you ain't 0:19:33.880 --> 0:19:36.200 got to worry about us being crazy, And so eleven 0:19:36.320 --> 0:19:38.879 hundred dollars a month, divided by two, it's five point fifty. 0:19:39.359 --> 0:19:42.920 So now my other friend has an apartment twelve hundred 0:19:42.920 --> 0:19:45.639 dollars a month, and a car and a insurance three 0:19:45.720 --> 0:19:48.080 hundred dollars a month, her life is costing her fifteen hundred. 0:19:48.320 --> 0:19:51.480 I have an apartment five to fifty a month, and 0:19:52.040 --> 0:19:55.560 I have insurance fifty bucks a month, So my life 0:19:55.600 --> 0:19:59.159 has cost me six hundred dollars to her fifteen hundred. 0:19:59.280 --> 0:20:02.840 Duc So I learned that their thing. You can get 0:20:02.880 --> 0:20:04.760 the thing that you want, is there a way to 0:20:04.840 --> 0:20:06.359 get it at a discount? So I was living the 0:20:06.359 --> 0:20:08.160 same life as the rest of my twenty something your 0:20:08.160 --> 0:20:11.000 old friends. But I was patient waiting for the discount. 0:20:11.240 --> 0:20:12.960 Like I didn't finance any of the furniture, Like I 0:20:13.080 --> 0:20:14.880 was sleeping on an air mattress until I had enough 0:20:14.920 --> 0:20:19.600 money to save and to get the like bedroom set 0:20:19.640 --> 0:20:22.040 that I wanted. And even then I knew, you know, 0:20:22.440 --> 0:20:24.520 you really can't negotiate at Macy's. I was like, you know, 0:20:24.600 --> 0:20:26.680 Sylvia Leice, my mom taught me when we were kids, 0:20:26.720 --> 0:20:28.520 had to negotiate. So I went to the mom and 0:20:28.560 --> 0:20:31.720 pop shop, was like, ooh, that actually furniture real cute 0:20:32.400 --> 0:20:34.880 and it's been sitting in the window for a long time, 0:20:35.200 --> 0:20:38.680 mister Lou, how about you sell it to me for now? Okay? 0:20:38.960 --> 0:20:40.679 Every week I used to come in like it's still here. 0:20:40.720 --> 0:20:42.439 You're not gonna get no new merchandise till you move 0:20:42.520 --> 0:20:45.560 this furniture. Oh my god. After three weeks, mister Lou 0:20:45.640 --> 0:20:47.240 sold it to me for like, you know, like a 0:20:47.280 --> 0:20:50.320 thirty percent discount. So I had my account set, my bedset, 0:20:50.359 --> 0:20:52.359 and I paid for a cash and so I was 0:20:52.400 --> 0:20:54.320 always really good at doing that, saying I want the 0:20:54.359 --> 0:20:56.600 same things as my counterparts. How do I get the 0:20:56.640 --> 0:20:59.200 same things as my counterparts, but at a price that 0:20:59.640 --> 0:21:02.600 makes so the reason why most people can't afford their 0:21:02.640 --> 0:21:05.359 life is that they financed everything. They financed their computer, 0:21:05.600 --> 0:21:09.080 They have a blender bill, a refrigerator, build a light, 0:21:09.200 --> 0:21:11.320 that every little lead that they want. Even if you're like, oh, 0:21:11.320 --> 0:21:12.840 I don't have a blender bill. Did you use your 0:21:12.880 --> 0:21:14.520 credit card to buy that blender? Well, then since you 0:21:14.560 --> 0:21:17.239 got a blender bill. And so I learned that if 0:21:17.280 --> 0:21:20.399 I wanted something, to wait, to save and to get it, 0:21:20.480 --> 0:21:23.080 so I didn't add any additional monthly expenses. That's how 0:21:23.119 --> 0:21:25.040 I was able to save so much because I was 0:21:25.119 --> 0:21:27.560 living off half my income because everything I had I 0:21:27.640 --> 0:21:30.320 had paid for in full. So I really didn't have 0:21:30.480 --> 0:21:33.440 that many reoccurring bills. That's the key, and to be 0:21:33.600 --> 0:21:35.800 able to save a significant amount of money is to 0:21:35.960 --> 0:21:38.040 not have reoccurring bills, or not to have as many 0:21:38.160 --> 0:21:38.920 reoccurring bills. 0:21:40.320 --> 0:21:42.399 Well, you know what, I gotta be honest, I was 0:21:42.400 --> 0:21:45.399 a little skeptical because I was thinking to myself, like, 0:21:45.440 --> 0:21:48.480 if you make thirty nine thousand after taxes, you're making 0:21:48.600 --> 0:21:54.640 like twenty five thousand, but you broke it down and yeah, 0:21:54.720 --> 0:21:56.000 I guess anything is possible. 0:21:57.280 --> 0:21:58.800 I was so waiting for you to tell us that 0:21:58.880 --> 0:22:00.760 you were on your noodle budget, and I was like 0:22:00.800 --> 0:22:02.359 a hair cuts, it's a noodle budget. 0:22:02.680 --> 0:22:04.280 But now you got another way to get it done. 0:22:04.880 --> 0:22:06.840 Yeah, well your noodle budget is this and everyone. I 0:22:06.920 --> 0:22:10.960 mean when I was, you know, unemployed and after teaching 0:22:11.040 --> 0:22:12.760 and lost my job, I did drop down to get 0:22:12.800 --> 0:22:15.840 my noodle on right. So people ask me, like, you know, 0:22:15.880 --> 0:22:18.000 what's the noodle budget? It's really just what is your 0:22:18.600 --> 0:22:20.480 if you had to eat ramen noodles, meaning if you 0:22:20.600 --> 0:22:23.760 had to live your cheapest, least expensive life, no bells, 0:22:23.800 --> 0:22:26.399 no whistles, what is that budget? So first you have 0:22:26.480 --> 0:22:28.119 to know what your regular budget is. Maybe it's three 0:22:28.200 --> 0:22:31.080 thousand dollars a month. That's rant, that's the kids, that's 0:22:31.480 --> 0:22:35.040 carnal whatever, right, that's going now, that's haircuts. And then 0:22:35.119 --> 0:22:37.359 your noodle budget. Let's just say it's twenty five hundred 0:22:37.400 --> 0:22:39.280 bucks a month. Because you cut your own hair, you 0:22:39.359 --> 0:22:42.120 don't go out. And I don't suggest that people live 0:22:42.160 --> 0:22:45.399 at their noodle budget unnecessarily that's over sacrificed for what. 0:22:45.960 --> 0:22:47.639 But you should know what it is, because if you 0:22:47.800 --> 0:22:50.119 lose your job instantly, you want to turn around and 0:22:50.200 --> 0:22:52.880 drop down and get your noodle on, like like why 0:22:53.160 --> 0:22:56.040 do you still have cable running? And they threaten you 0:22:56.119 --> 0:23:00.639 a foreclosure like turn off the TV? Says right, So 0:23:00.680 --> 0:23:02.200 I would say sis because like most of my women 0:23:02.240 --> 0:23:04.560 that found me are my dream catches are women, right, 0:23:04.640 --> 0:23:07.040 So it doesn't make sense we don't pivot fast enough. 0:23:07.080 --> 0:23:09.000 You lost your job. First, people you should be calling 0:23:09.359 --> 0:23:12.040 are those extra you know, those extra bills that she 0:23:12.080 --> 0:23:14.120 don't need to pay anymore. It's not forever. You will 0:23:14.160 --> 0:23:17.240 eventually watch TV again, I promise you, you know. But 0:23:17.400 --> 0:23:19.159 it's like we don't pivot fast enough. I call it 0:23:19.320 --> 0:23:21.800 the lady in the fur cove so Bergen County. I 0:23:21.880 --> 0:23:25.440 live in Newark and during the last recession I was 0:23:25.600 --> 0:23:27.960 in Bergen County. I was getting gas and this lady 0:23:28.000 --> 0:23:30.280 had like this fur curd on and like a range 0:23:30.320 --> 0:23:32.160 rolle where you could tell that you know, this woman 0:23:32.240 --> 0:23:35.080 had bank at one point. So I'm looking because I'm nosy, 0:23:35.280 --> 0:23:37.639 I'm looking at her the amount of money on her 0:23:37.760 --> 0:23:41.399 gas like whatever, like on the gas tank where it 0:23:41.440 --> 0:23:42.800 says like how much she owes It was like twenty 0:23:42.840 --> 0:23:44.800 five dollars, right, and so in Jersey we don't pump 0:23:44.840 --> 0:23:46.320 our own gas. So she gave the do her car. 0:23:46.480 --> 0:23:49.080 He swipes it and it's like nah, gives it back 0:23:49.080 --> 0:23:51.359 to her, you know, and she gives him another one, 0:23:51.359 --> 0:23:53.320 another one. But it was the height of the recession, 0:23:53.359 --> 0:23:55.680 probably two thousand and nine, and what it was like 0:23:55.760 --> 0:23:59.040 clear to me was that this is someone who had money, 0:23:59.400 --> 0:24:01.600 but maybe she had it all wrapped up in investments 0:24:01.880 --> 0:24:04.680 and that had dropped. She had not pivoted. She was 0:24:04.760 --> 0:24:07.240 still living at that old like. You see how I 0:24:07.280 --> 0:24:09.320 gave her a whole backstory. I don't know that lady business, 0:24:09.359 --> 0:24:11.640 but this is why I had told myself. I was like, ooh, 0:24:11.880 --> 0:24:13.760 she clearly had money, but she don't have no money 0:24:13.840 --> 0:24:17.040 no more. She's still all your stunton in her rain drover. Right. 0:24:17.440 --> 0:24:20.719 But everyone does that. Everyone we do that. We all 0:24:20.800 --> 0:24:22.440 do that like if your cable is still on and 0:24:22.800 --> 0:24:26.480 you can't afford your rent, if you're still buying clothes 0:24:26.640 --> 0:24:29.480 and you're late on your credit card bill. You see, 0:24:29.600 --> 0:24:31.520 like we all are the lady with the fur coat on. 0:24:31.600 --> 0:24:34.800 It's just a two different levels. So just keda life, 0:24:34.880 --> 0:24:37.040 were keda to a strong financial life. It's just living 0:24:37.400 --> 0:24:39.600 below your means. I mean, I nobody know, nobody wants 0:24:39.640 --> 0:24:41.320 to do that. My dad would say, you have to 0:24:41.359 --> 0:24:43.960 cut your coat according to your size, right, everybody want 0:24:43.960 --> 0:24:45.600 to squeeze into a small now you know you're a 0:24:45.760 --> 0:24:49.160 medium home like, it's not living less of a life. 0:24:49.200 --> 0:24:51.760 It's living within the life that your money provides for you. 0:24:52.040 --> 0:24:54.720 There's nothing wrong with that. You can't grow wealth living 0:24:54.760 --> 0:24:55.760 an outsized life. 0:24:56.080 --> 0:24:59.000 It's levels, it's levels, and you gotta understand what level 0:24:59.040 --> 0:25:03.000 you're over. Humbling experience sometimes, but it is what it is. 0:25:03.160 --> 0:25:04.439 Dream catches not dream chases. 0:25:06.920 --> 0:25:12.800 Languaging is important a fact Crystal and Theory would say. 0:25:13.320 --> 0:25:18.480 Things, Yeah, actual wage act accordingly. So in the next 0:25:18.520 --> 0:25:20.240 on the next segment, we're gonna we're gonna get into 0:25:20.280 --> 0:25:23.200 the meat and potatoes of all of the financial tips 0:25:23.240 --> 0:25:25.800 that everybody always tunes in the Alesia for and give 0:25:25.840 --> 0:25:28.399 out some free game. All right, So in this segment, 0:25:28.720 --> 0:25:30.040 we want to start off with where we left off 0:25:30.080 --> 0:25:32.600 of budgeting and budgeting. I think it's budgeting is extremely 0:25:32.760 --> 0:25:35.560 underrated when it comes to financial planning for individuals. I 0:25:35.560 --> 0:25:39.240 always say, like, if you look at a corporation, budgeting 0:25:39.359 --> 0:25:40.840 is like the major thing that they do. Like you, 0:25:40.920 --> 0:25:43.000 I mean, like Apple knows every dollar that comes in 0:25:43.080 --> 0:25:46.520 and comes out, Like they pay accountants millions of dollars. 0:25:46.560 --> 0:25:48.760 They have a whole team of accountant to keep track 0:25:48.800 --> 0:25:51.640 of the books. And budgeting is like that's everything. Budgeting 0:25:51.720 --> 0:25:54.919 is everything. But it's like most entrepreneurs and most regular 0:25:54.960 --> 0:25:58.399 people that just have jobs have no idea of the budget, 0:25:58.440 --> 0:25:59.840 Like they don't have any idea of how much money 0:25:59.880 --> 0:26:02.040 come and they have no idea how much money goes out. 0:26:02.240 --> 0:26:05.320 They're just winging it and just you know, spending money 0:26:05.440 --> 0:26:08.640 whenever you know they need to, and the money comes 0:26:08.680 --> 0:26:10.200 in and it just goes into their bank. And that's 0:26:10.280 --> 0:26:12.639 kind of like how most people run not only their business, 0:26:12.680 --> 0:26:16.439 but their life. So budgeting, budgeting one oh one right 0:26:16.480 --> 0:26:20.120 for somebody that has never budgeted before, but they first 0:26:20.160 --> 0:26:24.320 and foremost why why is budgeting essential? And then we'll 0:26:24.359 --> 0:26:26.440 go into like some different hacks that can help people 0:26:26.560 --> 0:26:27.959 to get better with budgeting. 0:26:28.760 --> 0:26:32.800 So budgeting is essential because it is a physical picture 0:26:32.840 --> 0:26:36.680 of what your money is doing. Right, So if you 0:26:36.800 --> 0:26:38.919 have kids and you're in the other room and your 0:26:38.920 --> 0:26:41.840 two year old is quiet. You're like, wait, what the 0:26:41.920 --> 0:26:44.199 hell are they breaking? Because you know they they're cutting up, 0:26:44.760 --> 0:26:46.760 putting a you know, putting a knife up in the 0:26:46.880 --> 0:26:49.719 socket whatever, you know. And so it's the same thing 0:26:49.760 --> 0:26:52.119 with your money. Like you you have to be on 0:26:52.160 --> 0:26:53.560 top of your money. I would say, like, your money's 0:26:53.560 --> 0:26:55.680 like a bad two year old, Like, if you leave 0:26:55.720 --> 0:26:58.280 it to its own devices, it's gonna be breaking shit 0:26:58.320 --> 0:27:02.800 that I can curse. Yeah, right, So you want to 0:27:02.800 --> 0:27:04.760 be on it when it comes to your money and 0:27:05.200 --> 0:27:08.399 be present. You are the adult. You decide what your 0:27:08.440 --> 0:27:10.200 money does. And so that's what a budget allows you 0:27:10.280 --> 0:27:12.399 to do. And it allows you to be the adult 0:27:12.600 --> 0:27:15.960 of your life. So it's important. You know, I don't 0:27:15.960 --> 0:27:19.399 care how much money you make, you can outspend like 0:27:19.520 --> 0:27:22.680 great wealth. There are people who have been millionaires and 0:27:22.800 --> 0:27:25.840 even billionaires and have been less penniless. So I think 0:27:25.880 --> 0:27:28.160 sometimes people think like, well, if I had ten million dollars, 0:27:28.320 --> 0:27:31.000 was like a mc hammer. Okay from some of y'all, 0:27:31.040 --> 0:27:35.160 you're like, who's that? Okay, Tody Braxton, right, Alan Iverson. 0:27:35.920 --> 0:27:39.120 So many people have outspent their wealth. It is more 0:27:39.200 --> 0:27:39.880 than possible. 0:27:40.680 --> 0:27:43.320 So what kind of all right, so what are the 0:27:43.359 --> 0:27:44.720 different strategies for budgeting? 0:27:44.800 --> 0:27:44.919 Right? 0:27:44.960 --> 0:27:47.199 Like, it's someone Okay, I realize the budgeting is important. 0:27:47.200 --> 0:27:48.440 I want to do it, So how do I go 0:27:48.520 --> 0:27:53.000 about it? Is it spreadsheet software? Like is there formulas 0:27:53.080 --> 0:27:54.919 that you should use? Because some people say, like your 0:27:54.960 --> 0:27:57.399 housing should only be like twenty or thirty percent of 0:27:57.520 --> 0:28:00.840 your total budget. So yeah's your what's your philosophy as 0:28:00.840 --> 0:28:02.959 far as like the one on one the person realizes 0:28:03.000 --> 0:28:05.200 they need to budget now they actually want to start 0:28:05.240 --> 0:28:05.639 a budget. 0:28:06.359 --> 0:28:08.920 So let's just start super super easy, because I mean, yes, 0:28:08.960 --> 0:28:10.520 I use this spricy all that stuff, but most people 0:28:10.520 --> 0:28:12.320 are not gonna do that to start. It's the difference 0:28:12.359 --> 0:28:14.960 between I want to lose some weight and so tomorrow 0:28:14.960 --> 0:28:16.720 you're like you're gonna run you know, ten miles. You're 0:28:16.720 --> 0:28:18.639 not gonna run ten mouse You might the first day, 0:28:18.680 --> 0:28:20.119 and then the second day you're gonna go back to 0:28:20.200 --> 0:28:23.320 the couch. So I want you to start off walking. 0:28:23.720 --> 0:28:26.160 So for someone who's like I don't budget, I never 0:28:26.160 --> 0:28:29.600 took to a budget. First things first is start with 0:28:29.760 --> 0:28:34.040 having separate bank accounts. Right, So I believe in having 0:28:34.119 --> 0:28:37.359 a bill's account to pay your bills and having a 0:28:37.680 --> 0:28:40.520 spend account to spend from your bills account should not 0:28:40.640 --> 0:28:43.000 have a debit card attached to it. That's a debit 0:28:43.040 --> 0:28:44.640 card is a choice. I don't think people realize that 0:28:44.720 --> 0:28:46.600 the bank issues you a debit card. But you could 0:28:46.640 --> 0:28:49.200 be like, nah, I'm good, So my bill's account does 0:28:49.240 --> 0:28:51.800 not have a debit card my spend account. It's both. 0:28:51.800 --> 0:28:53.920 These are checking accounts that the same bank has a 0:28:54.000 --> 0:28:56.200 debit card. And then you want to least one safet 0:28:56.320 --> 0:28:58.960 account not at that bank, So you want at least 0:28:58.960 --> 0:29:01.560 one safet account at an online only bank. And so 0:29:01.880 --> 0:29:04.000 what it looks like is that your money comes in. 0:29:04.840 --> 0:29:07.880 Some of it goes into your your I like to 0:29:07.920 --> 0:29:10.680 call it my deposit account, slash your spend account, so 0:29:10.720 --> 0:29:13.120 that's where your money lands. Some of it goes into 0:29:13.160 --> 0:29:15.000 your bills account to pay bills, and you know how 0:29:15.080 --> 0:29:16.840 much to go into your bills account by what bills 0:29:17.040 --> 0:29:19.560 are due. And then some of it goes into your savings. 0:29:19.880 --> 0:29:21.800 So in the beginning you're not going to have the 0:29:21.920 --> 0:29:24.000 math perfect. You might just be like, I don't care 0:29:24.000 --> 0:29:26.400 if ten dollars goes into your savings. When I was 0:29:26.440 --> 0:29:29.520 at my brocus, I was literally transferring two dollars, you know, 0:29:30.360 --> 0:29:33.200 just to cont just to have the habit of savings. 0:29:33.280 --> 0:29:34.960 You never you never want to get out of the 0:29:35.040 --> 0:29:38.160 habit of putting something away in your savings account. That's important. 0:29:38.600 --> 0:29:40.640 So what I did for my husband, for example, he's 0:29:40.640 --> 0:29:42.640 not going to sit down and spreadsheet. That's just not happening. 0:29:42.760 --> 0:29:46.640 He's like, what breaks city. Nope, it's not. So we're 0:29:46.640 --> 0:29:50.360 do instead. Now, is we budget for him anywhere? Because 0:29:50.360 --> 0:29:52.880 I like the spreadsheet. We budget before his money even 0:29:52.960 --> 0:29:55.880 gets there, I said, Babe, go to HR. Kid's what 0:29:55.920 --> 0:29:58.520 you're gonna tell them? Hey, before you give me my money. 0:29:59.240 --> 0:30:01.920 Some of it goes into and his retirement account check. 0:30:02.680 --> 0:30:05.479 Some of it goes into his into his spend account, 0:30:05.480 --> 0:30:07.960 that deposit account where things are depositives right check by 0:30:08.040 --> 0:30:10.800 his direct DEPOSITI account right. Some of it goes into 0:30:10.920 --> 0:30:14.240 our joint bill's account check, some goes into his personal 0:30:14.320 --> 0:30:17.920 savings check, and some goes into our joint savings. So 0:30:18.480 --> 0:30:22.760 he basically his budget is done automatically through HR, so 0:30:23.000 --> 0:30:25.520 it lands and all he has to think about is 0:30:25.800 --> 0:30:27.880 when it comes to his personal savings, whatever you want 0:30:27.880 --> 0:30:29.760 to do with that, that's your business. As TABA that 0:30:29.760 --> 0:30:32.000 would say the vegan, vegan chef that Yodly loves. Right now, 0:30:32.080 --> 0:30:35.720 that's your business, right And all he has to worry 0:30:35.720 --> 0:30:38.600 about too, is his basically his allowance in his deposit account, 0:30:38.720 --> 0:30:41.600 in his spending account. So whatever's in his spending account. 0:30:41.600 --> 0:30:43.240 If I see my husband with some new j's on. 0:30:43.760 --> 0:30:45.160 Back in the day, I used to be like, oh, 0:30:45.240 --> 0:30:47.760 that's what we're doing. Do you want enjoyers with the 0:30:47.800 --> 0:30:51.240 bread money? Now it's not my basiness no more, right 0:30:51.480 --> 0:30:53.200 because I know one thing. He didn't take it from 0:30:53.200 --> 0:30:55.600 the Bill's account. He didn't take it from our joint savings. 0:30:55.800 --> 0:30:58.200 So if he took it from his personal savings or 0:30:58.680 --> 0:31:02.200 his spending account, that's fine. And so like if you 0:31:02.280 --> 0:31:03.560 don't know how to do anything else, if you just 0:31:03.720 --> 0:31:07.120 have at least those three accounts and have your money 0:31:07.160 --> 0:31:09.720 automatically split from well really four because you want to 0:31:09.760 --> 0:31:12.480 have a retirement account and have your money split from work, 0:31:13.080 --> 0:31:15.920 then you will be ahead of the game. And so 0:31:16.080 --> 0:31:17.640 for people who want to go a little bit deeper. 0:31:17.720 --> 0:31:19.760 For me, you know, like I, like I said, I 0:31:19.840 --> 0:31:20.840 like to have spread to you. I like to know 0:31:20.920 --> 0:31:24.720 how much we're spending on on on groceries, how much 0:31:24.720 --> 0:31:26.720 we're spending on gas, so I keep track of that. 0:31:26.880 --> 0:31:28.480 I just the tool I like to use best is 0:31:28.560 --> 0:31:30.560 just Excel, So I like to keep track of that there. 0:31:30.600 --> 0:31:33.520 But you don't necessarily have to. You set aside a 0:31:34.040 --> 0:31:37.200 you know, an allowance for yourself. Typically things are led 0:31:37.240 --> 0:31:39.400 by bills. So if ideally you want to be setting 0:31:39.440 --> 0:31:42.400 aside twelve to fifteen percent for your retirement, and you 0:31:42.520 --> 0:31:44.400 probably are saying, like, I can't afford to lose twelve 0:31:44.440 --> 0:31:46.920 to fifteen percent of my pay, or to start with 0:31:47.000 --> 0:31:49.480 one percent, and every six months you boosted up, start 0:31:49.520 --> 0:31:51.480 with a half percent, and every six months you boost 0:31:51.520 --> 0:31:55.120 it up, start with something towards retirement. And then your bills. 0:31:55.160 --> 0:31:57.680 I like to do bills every two weeks, so the 0:31:57.800 --> 0:32:01.160 money I have transferred to the bill's account. You ask yourself, okay, 0:32:01.240 --> 0:32:03.640 how much are my bills from the first to the fifteenth, 0:32:03.880 --> 0:32:05.520 and how much are my bills from the fifteenth to 0:32:05.560 --> 0:32:07.680 the thirtieth, And that's how you know how much to 0:32:07.840 --> 0:32:11.040 be going into the bills account. You know, so it 0:32:11.160 --> 0:32:13.000 might be or you might just have a select number. 0:32:13.000 --> 0:32:16.040 You might say, well, my bills are around three thousand 0:32:16.040 --> 0:32:18.680 dollars a month, so every paycheck or every pay period, 0:32:18.760 --> 0:32:21.880 my bi weekly or my bi monthly pay period, fifteen 0:32:22.000 --> 0:32:23.760 hundred dollars is going to go into my bill's account. 0:32:24.240 --> 0:32:27.200 And having your bills account paid bills automatically for you 0:32:27.800 --> 0:32:30.320 is really going to be like clutch, Like I don't 0:32:30.360 --> 0:32:33.880 pay bills. Bills pay themselves, so lands on my bills account, 0:32:33.920 --> 0:32:38.480 and my bills already know, pay my pay the electric bill, 0:32:38.600 --> 0:32:41.000 pay the water bill, pay these bills for me automatically. 0:32:41.200 --> 0:32:43.760 And like I said, what's left in my spend account 0:32:43.920 --> 0:32:46.160 is attached to my debit card, and I can spend 0:32:46.240 --> 0:32:49.040 and when that money is done, so on mine. What's 0:32:49.080 --> 0:32:52.840 really important too about a budget is the savings account. 0:32:53.000 --> 0:32:55.200 I don't want you to save at your regular bank 0:32:55.640 --> 0:32:57.840 because it makes it easy to transfer. We've all been 0:32:57.880 --> 0:33:01.080 there at Target right and been like, oh man, like 0:33:01.200 --> 0:33:03.760 I really want whatever this thing is, this bleunder this dress, 0:33:03.840 --> 0:33:05.840 this shirt, and you look at check in. You know 0:33:06.000 --> 0:33:07.920 Dariel William got no money to check in, but you 0:33:08.000 --> 0:33:11.320 know who got money though savings, and then you're in 0:33:11.480 --> 0:33:13.440 line making that transfer, like and happy about it to 0:33:13.600 --> 0:33:15.600 like making a transfer even though you're like that was 0:33:15.600 --> 0:33:17.480 supposed to be for powers. You're like, pass can wait, 0:33:17.800 --> 0:33:20.680 tease your care make that transfer, and you're like dang. 0:33:20.760 --> 0:33:22.880 Later you're like this, why I'll never go nowhere because 0:33:22.880 --> 0:33:24.680 I'm always at Target to buy a toilet tissue and 0:33:24.720 --> 0:33:26.480 then I leave but three hundred dollars worth of stuff. 0:33:27.040 --> 0:33:30.240 If you put your savings in an online only savings account, though, 0:33:31.080 --> 0:33:34.240 then you're gonna have to wait at least twenty four 0:33:34.280 --> 0:33:37.200 to seventy two hours for your savings at your online 0:33:37.200 --> 0:33:40.680 only savings account to transfer back to your checking to 0:33:41.040 --> 0:33:44.080 to your spend account. And so what that means is 0:33:44.160 --> 0:33:47.160 it makes your money inconvenient, and inconvenient money get saved. 0:33:47.360 --> 0:33:50.440 So I like this website called magnify money dot com 0:33:50.520 --> 0:33:52.720 to look for an online only savings account because they 0:33:52.800 --> 0:33:55.640 grade savings accounts from A to F. So you're gonna 0:33:55.640 --> 0:33:58.320 look for an A account that's one. Two, you're gonna 0:33:58.320 --> 0:34:00.840 look for an account that's FD I I see insured 0:34:01.240 --> 0:34:03.560 that's two. Three. You're going to look for an account 0:34:03.560 --> 0:34:05.280 that's going to give the highest interest rate because your 0:34:05.680 --> 0:34:07.320 big bank is not going to give you much of 0:34:07.320 --> 0:34:10.440 an interest rate. So online only savings accounts don't have 0:34:10.960 --> 0:34:12.920 as much overhead, so they pass that on to you. 0:34:13.040 --> 0:34:16.640 And you earn a higher interest. And then four, you're 0:34:16.680 --> 0:34:20.120 going to look for a bank that has low deposit requirement. 0:34:20.440 --> 0:34:22.440 So that means in order to open up the bank account, 0:34:22.520 --> 0:34:24.279 maybe you have to you have to put in a 0:34:24.360 --> 0:34:26.920 dollar and also too in order to maintain and get 0:34:26.960 --> 0:34:29.320 that interest. You don't want them to say you have 0:34:29.400 --> 0:34:31.080 to have ten thousand dollars in the bank account in 0:34:31.160 --> 0:34:33.880 order for you to earn the interests that they've advertised. 0:34:34.160 --> 0:34:36.080 So those are the four components you're going to look 0:34:36.120 --> 0:34:38.960 for your online safe account. So I hate to say like, oh, 0:34:39.200 --> 0:34:42.960 twenty percent here, thirty percent there, unless you have an 0:34:43.000 --> 0:34:45.920 irregular income. You don't have to live by percentages. You 0:34:46.160 --> 0:34:49.319 would live by amounts. So one hundred dollars here, three 0:34:49.400 --> 0:34:52.279 hundred dollars there, four hundred dollars here. That's what you're 0:34:52.400 --> 0:34:54.799 That's the split that you should be doing regularly every month. 0:34:55.040 --> 0:34:58.280 If your money it fluctuates because you have an irregular income, 0:34:58.800 --> 0:35:01.839 then you might say, you know, forty percent goes into 0:35:01.920 --> 0:35:06.480 my bills. You know five percent goes into spending. But 0:35:06.560 --> 0:35:08.880 you have to work backwards, like how much are your 0:35:08.920 --> 0:35:11.040 bills unless you're starting from scratching your twenty one you're 0:35:11.080 --> 0:35:13.279 just moving out that you can force your bills to 0:35:13.400 --> 0:35:16.440 fit within that percentage. But it's easy for people to say, oh, 0:35:16.560 --> 0:35:19.600 seventy thirty. Yeah, but like, so what are your bills actually? 0:35:19.640 --> 0:35:21.399 Though your bills might be seventy percent of your income 0:35:21.480 --> 0:35:24.320 right now, you know, so that's so you have to 0:35:24.360 --> 0:35:27.120 pay your bills and you're I'm not worried about the percentage. 0:35:27.200 --> 0:35:29.480 Just now, like how much you actually need to pay bills? 0:35:29.640 --> 0:35:32.600 Put that in the bill's account. Okay, how much ideally 0:35:32.640 --> 0:35:34.480 do you want to save once those bills are paid. 0:35:34.480 --> 0:35:36.320 I want to save one hundred dollars a month, So 0:35:36.480 --> 0:35:38.560 make that a bill. Now that one hundred dollars a 0:35:38.600 --> 0:35:41.200 month is automatically put into that savings account directly from 0:35:41.200 --> 0:35:43.719 your job. And then what's left over, like I said, 0:35:43.840 --> 0:35:45.760 is your spending money. You know, you might tell yourself, 0:35:45.760 --> 0:35:48.439 I'm going to give myself fifty dollars every two weeks 0:35:48.480 --> 0:35:52.040 for spending. Okay, great, and for whatever reason, if there's 0:35:52.080 --> 0:35:54.759 not enough money, then you take care of bills. You say, 0:35:54.800 --> 0:35:56.399 I guess I can't save this month, and I guess 0:35:56.440 --> 0:36:00.360 I can't. I don't spending money this month for like, 0:36:00.440 --> 0:36:03.200 you know, spending money for things that are like, you know, 0:36:03.400 --> 0:36:06.000 like hair, nails, grooming, this and that. You know, so 0:36:06.160 --> 0:36:08.120 sometimes you don't have it, and that's okay. So there 0:36:08.160 --> 0:36:10.160 are times when I didn't have it, but I had 0:36:10.239 --> 0:36:12.400 to pay bills, and even sometimes I didn't have enough 0:36:12.440 --> 0:36:13.719 for bills and I had to say, well, I have 0:36:13.800 --> 0:36:16.440 to pay my Nettle budget bills, my essential bills. Verizon 0:36:16.480 --> 0:36:19.440 can wait. Verison is not going to shoot you if 0:36:19.480 --> 0:36:22.440 you don't pay. Yes, we'll affect your credit score. But credits, 0:36:22.440 --> 0:36:24.200 course are things that you can you can you can 0:36:24.360 --> 0:36:27.239 increase later. I much rather you take care of things 0:36:27.280 --> 0:36:29.480 that are going to make you happy, I mean healthy 0:36:29.560 --> 0:36:30.000 and safe. 0:36:30.760 --> 0:36:32.680 I was just thinking about that because one of the things, 0:36:32.680 --> 0:36:35.840 the powerful things you talk about is identifying ifs, Like 0:36:35.920 --> 0:36:38.120 we can have anything we want if we just identify 0:36:38.120 --> 0:36:41.000 our ifs and control them so that we can budget. 0:36:41.080 --> 0:36:41.200 Right. 0:36:41.360 --> 0:36:44.080 So if I want to say four hundred dollars, maybe 0:36:44.400 --> 0:36:47.520 I don't go to the barbershop twice a week, right, 0:36:47.640 --> 0:36:49.600 So can you talk about the your points of identifying 0:36:49.640 --> 0:36:51.719 the ifs and how they can translate to having more 0:36:51.760 --> 0:36:52.520 money in your budget? 0:36:53.080 --> 0:36:55.279 Absolutely, there are four questions you should ask yourself before 0:36:55.280 --> 0:36:58.080 you spend any money. Do I need it? Do I 0:36:58.320 --> 0:37:00.640 love it? Do I like it? Do I want it? 0:37:00.880 --> 0:37:03.360 Need it? Love it like it? Want it, need it, 0:37:03.520 --> 0:37:04.200 love it like it? 0:37:04.320 --> 0:37:05.279 One you need Swiss on that. 0:37:07.320 --> 0:37:07.440 Right. 0:37:08.040 --> 0:37:10.600 So your needs come first. That's food, shelter, clothing, water, 0:37:10.760 --> 0:37:14.000 the absolute necessities you must have to stay healthy and safe. 0:37:14.200 --> 0:37:16.120 You pay for those first. Most of us are here 0:37:16.200 --> 0:37:19.880 to that. That's why you're alive. Then your loves are 0:37:20.040 --> 0:37:23.120 those things that enhance your life. What are things five 0:37:23.640 --> 0:37:27.040 ten years from now that's still our value even though 0:37:27.080 --> 0:37:29.160 that thing might not be there. Right. So if you 0:37:29.239 --> 0:37:31.200 had Oprah's bank account, I always tell people what would 0:37:31.239 --> 0:37:32.920 you do or do more of? So a lot of 0:37:32.960 --> 0:37:35.360 people say travel, maybe they'd start a business, maybe they 0:37:35.480 --> 0:37:38.520 go back to school, maybe the philanthropy, whatever that is. 0:37:38.640 --> 0:37:40.960 So those are your loves. Those are things that give 0:37:41.000 --> 0:37:44.000 you long term joy, even when that thing is not 0:37:44.120 --> 0:37:48.279 physically there, right. And then your likes are short term joy. 0:37:48.760 --> 0:37:53.040 So you know that's your target. Run, that's your that's 0:37:53.080 --> 0:37:54.919 that dress that you're like, oh, this is super cute. 0:37:55.880 --> 0:37:58.080 You know that might be I don't know, eating out 0:37:58.080 --> 0:37:59.799 with friends or eating out with friends might be a love. 0:38:00.080 --> 0:38:02.000 You might be like yo, I'm such a foodie. Five 0:38:02.080 --> 0:38:05.240 years from now, I'm remembering that restaurant. So there's no judgment. 0:38:05.280 --> 0:38:07.520 You get to decide, but likes our short term joint 0:38:07.800 --> 0:38:10.319 and wants are just things to get. I really try 0:38:10.320 --> 0:38:12.279 to stay away from just frivolous spending, which is what 0:38:12.480 --> 0:38:14.759 wants are. It doesn't mean I never do it, but 0:38:14.880 --> 0:38:16.800 it doesn't make sense to trick up your money and 0:38:16.880 --> 0:38:20.120 wants when you can have more things for loves and 0:38:20.960 --> 0:38:23.080 your needs. And so what I try to do is 0:38:23.120 --> 0:38:24.920 so I try to live in the second half, the 0:38:25.000 --> 0:38:27.479 first half of life, my needs and my loves, because 0:38:27.480 --> 0:38:31.600 that's an enriched, fulfilled life. So I'm not really a foodie, 0:38:32.400 --> 0:38:36.480 although my belly would suggest otherwise. But I'm not really 0:38:36.520 --> 0:38:39.040 a foodie. But I used to go eat brunch every 0:38:39.080 --> 0:38:40.759 weekend with my friends, and then one day I was like, 0:38:40.800 --> 0:38:41.880 why the hell am I going to brunch. I have 0:38:41.960 --> 0:38:44.239 not been on vacation in like two years, so I 0:38:44.280 --> 0:38:47.080 stopped going. They're like, yo, himmy, you're so cheap, right, 0:38:47.200 --> 0:38:48.560 And I'm like, I'm not cheap. It's just that, like 0:38:48.600 --> 0:38:50.120 I don't want to spend my money on bunch anymore. 0:38:50.120 --> 0:38:53.040 I don't want to spend thirty dollars a week eating bunch, 0:38:53.080 --> 0:38:54.920 and so I started saving my brunch money that I 0:38:55.000 --> 0:38:56.440 made it a game. Every time they asked me to 0:38:56.480 --> 0:38:58.359 go to bunch, I would put I would transfer thirty 0:38:58.360 --> 0:39:01.120 dollars to my savings account, and within a few months 0:39:01.160 --> 0:39:03.200 I had enough money. I went for my first solo 0:39:03.360 --> 0:39:06.600 travel trip. I went to Albuquerque, New Mexico because I 0:39:06.680 --> 0:39:08.279 had on my bucket list I wanted to ride in 0:39:08.320 --> 0:39:11.279 a hot air balloon in Albuquerque, New Mexico's the high 0:39:11.280 --> 0:39:15.359 air bloon capital of the world. Who knew? Now you do, right? 0:39:15.520 --> 0:39:16.960 And so I was like, okay, So I remember my 0:39:17.000 --> 0:39:20.279 friend called me Tijuana. She was like, hey girl, we're 0:39:20.280 --> 0:39:22.000 about to have We're gonna have brunch tomorrow, but I 0:39:22.120 --> 0:39:24.520 know you and yo Chi behind you ain't going. I 0:39:24.719 --> 0:39:26.520 was like, cause, I was like slight flex, well, actually 0:39:26.560 --> 0:39:28.759 major flex. I was like, ooh girl, I'm about to 0:39:28.800 --> 0:39:30.520 get in a hot air balloon. The captain said, I 0:39:30.520 --> 0:39:31.960 got turned off my phone. Can I call you later? 0:39:32.480 --> 0:39:34.760 She was like, I had an air balloon in Newark. 0:39:34.800 --> 0:39:38.200 I'm like, no, girl, New Mexico. That's when I do 0:39:38.360 --> 0:39:43.440 my brunch money. Mike drop. Okay, So now I stopped 0:39:43.440 --> 0:39:45.560 telling my friends I don't say I don't say no 0:39:45.680 --> 0:39:48.080 to brunch. I'll tell them like, ah, nah, girl, I 0:39:48.160 --> 0:39:50.040 can't go right now because I'm saying yes to Paris. 0:39:50.520 --> 0:39:53.560 I'm saying yes to Istanbul, I'm saying yes to Santarina. 0:39:53.600 --> 0:39:55.800 These are places I've been. I'm saying yes to Morocco. 0:39:56.360 --> 0:39:58.680 And so I started to decide for myself what my 0:39:58.880 --> 0:40:01.920 needs and my loves were. So I'm not against spending money. 0:40:01.960 --> 0:40:04.360 I'm against spending money on things that don't matter to you. 0:40:04.800 --> 0:40:08.239 Prioritize what your more is, Like some of us are 0:40:08.360 --> 0:40:12.319 spending our whole life spending money on someone else's idea 0:40:12.320 --> 0:40:15.480 of more. Tajuana is a foodie, not me. That's her more, 0:40:15.920 --> 0:40:18.359 that's less for me. You know, let her eat out 0:40:18.360 --> 0:40:19.839 with another food is she can come to my house 0:40:19.880 --> 0:40:21.880 and chill out for free. And so that's really how 0:40:21.920 --> 0:40:24.680 you start to prioritize, just to ask yourself, like what 0:40:24.840 --> 0:40:27.600 does more of a life truly mean? You know, for me, 0:40:28.160 --> 0:40:30.040 I don't want any You know, your spending should be 0:40:30.160 --> 0:40:32.640 reflective of your values and how you want your life 0:40:32.680 --> 0:40:32.840 to go. 0:40:33.160 --> 0:40:35.920 So you said hunting with the online savings that was 0:40:35.920 --> 0:40:36.319 a good point. 0:40:36.360 --> 0:40:37.680 I tell people that all the time, Like you got 0:40:37.800 --> 0:40:40.160 to treat your savings like a bill, like how you 0:40:40.239 --> 0:40:42.360 have your bill, your car bill, Like you can't afford 0:40:42.440 --> 0:40:44.000 to not pay your car bill. You can't afford to 0:40:44.000 --> 0:40:46.319 not pay your cell phone bill. So savings, like you said, 0:40:46.360 --> 0:40:48.200 no matter how much it is, it should be a 0:40:48.320 --> 0:40:49.479 line item and a bill. 0:40:49.600 --> 0:40:51.400 I think. But I wanted to touch on I had 0:40:51.400 --> 0:40:52.000 a few questions. 0:40:52.040 --> 0:40:55.359 So first when you had mentioned with your husband with HR, 0:40:55.600 --> 0:40:58.000 so I didn't even know that was possible. So somebody's 0:40:58.000 --> 0:41:02.360 paycheck can be split into different bank accounts for direct deposits. 0:41:02.080 --> 0:41:05.759 Typically up to four So most mid size so like 0:41:05.840 --> 0:41:07.440 even my company. I don't have some huge company, but 0:41:07.480 --> 0:41:09.840 we're able to do that. So typically up to four splits. 0:41:10.280 --> 0:41:13.479 And so if you're if you're a single, ready to mingle, 0:41:14.239 --> 0:41:18.279 I would say your bill's account a like, and your 0:41:18.280 --> 0:41:20.279 saving account and your spending account. So I would do 0:41:20.360 --> 0:41:24.719 the three right. So but if you are in a 0:41:24.800 --> 0:41:28.239 relationship where you're like sharing expenses, then I would have four. 0:41:28.280 --> 0:41:30.160 I believe that you should have some autonomy over your 0:41:30.160 --> 0:41:33.880 finances as well as responsibility because you're with someone, so 0:41:34.000 --> 0:41:37.560 that would be a personal savings each person a joint savings, 0:41:38.800 --> 0:41:43.520 a joint bills and and and and then your own 0:41:43.560 --> 0:41:46.520 spending account. So to checking two savings. So one of 0:41:46.560 --> 0:41:48.880 the checking one of the savings is yours, and the 0:41:49.000 --> 0:41:52.200 other checking the other savings is someone else's well belongs 0:41:52.239 --> 0:41:53.839 to collectively to the whole. 0:41:54.719 --> 0:41:56.400 And all all you have to do is just go 0:41:56.480 --> 0:41:58.520 to HR And it's like a form like the regular 0:41:58.960 --> 0:42:00.960 direct deposit FORMA you fill out, but it's just like 0:42:01.000 --> 0:42:02.560 you can just add different bank accounts to. 0:42:02.560 --> 0:42:04.360 It, yes, and tell them this is the amount, like 0:42:04.560 --> 0:42:07.600 like you know, my check is five thousand dollars. You know, 0:42:07.800 --> 0:42:09.880 like to say a pay period, a thousand goes here, 0:42:09.960 --> 0:42:11.640 a thousand goes here, a thousand goes here, and so 0:42:11.800 --> 0:42:15.160 now like the other day, because because it's online only savings, 0:42:15.280 --> 0:42:17.440 we don't look at it all the time. My husband 0:42:17.600 --> 0:42:22.000 was like, yo, babe, I got mad money in my savings. 0:42:22.200 --> 0:42:26.120 I'm like, okay, you're welcome, I upgrade right and so, 0:42:27.160 --> 0:42:29.640 but he was like, never had this much save because 0:42:29.640 --> 0:42:31.680 he doesn't think about it. It's been like the last 0:42:31.760 --> 0:42:34.320 two or three years that money would just land. So 0:42:34.520 --> 0:42:36.680 my husband is the type maybe this is all man 0:42:36.719 --> 0:42:39.000 with their boys, so you know, your boys be like, yo, yo, 0:42:39.040 --> 0:42:41.560 you can let me hold thirty dollars. You will let me, 0:42:41.760 --> 0:42:44.640 you know, And so he would always be like, yo, babe, 0:42:44.719 --> 0:42:46.200 such and such as you know, such and such a 0:42:46.400 --> 0:42:50.520 struggling to be And I'd be like, who tone, I 0:42:50.560 --> 0:42:53.120 don't even like tone. Right'd be like, you know so 0:42:53.239 --> 0:42:55.120 now because we would have to be talking back and 0:42:55.200 --> 0:42:57.640 forth to take money out of our joint pot. So 0:42:57.840 --> 0:43:00.319 now there's none of that because one, you have your 0:43:00.360 --> 0:43:02.200 own allowance money and you have your own savings. You 0:43:02.280 --> 0:43:04.160 want to give tone all your savor and that's how 0:43:04.200 --> 0:43:05.040 you want to live your life. 0:43:05.160 --> 0:43:08.040 Go ahead, you know, just don't touch this joint account. 0:43:08.719 --> 0:43:10.880 So it's like I'm looking at the joint saving and 0:43:10.920 --> 0:43:13.479 the doorbell. I say, okay, long, I'll see no tone 0:43:13.520 --> 0:43:16.520 bill and that. So it allows you, you know, so 0:43:16.600 --> 0:43:18.640 everyone to feel like you're part of this community where 0:43:18.640 --> 0:43:21.320 you're all contributing, but allows you to have autonomy, like 0:43:21.360 --> 0:43:23.280 he could do whatever he wants with well, not whatever 0:43:23.360 --> 0:43:24.960 he wants, but you know what I mean, Like with 0:43:25.080 --> 0:43:27.440 his money, he can decide. And so I think that 0:43:27.560 --> 0:43:31.040 works best for if you're in a significant relationship with someone. 0:43:31.040 --> 0:43:31.839 And another thing. 0:43:32.239 --> 0:43:34.439 The last question, So the online savings, like I said, 0:43:34.480 --> 0:43:36.440 I believe the same thing you said, as far as 0:43:36.440 --> 0:43:37.800 it's good to have it, not with the bank like 0:43:37.840 --> 0:43:40.400 I Chase. I have Chase for my business and my 0:43:40.520 --> 0:43:43.960 personal bank account, but I have Capital one my online savings, 0:43:44.080 --> 0:43:46.239 And yeah, the reason is that it's nice a whole 0:43:46.280 --> 0:43:48.279 hassle to get the money. You gotta wait like three days, 0:43:48.360 --> 0:43:51.160 so psychologically it's like out of sight, out of mind 0:43:51.320 --> 0:43:53.239 when you when you when I log on the Chase app, 0:43:53.280 --> 0:43:55.120 I don't see it. I even forget about it. I 0:43:55.239 --> 0:43:56.799 was just thinking about it just now, like I forgot 0:43:56.840 --> 0:43:59.360 about I forgot about it. I haven't really even you 0:43:59.400 --> 0:44:03.520 know what I'm saying. So, but what do you have 0:44:03.640 --> 0:44:07.200 any top banks that you're recommending like or like interest 0:44:07.280 --> 0:44:09.000 rates that we should be because I think I forget 0:44:09.040 --> 0:44:10.719 what my interest rate is. I know it's slightly higher, 0:44:10.760 --> 0:44:12.600 like you said, because online banks don't have the same 0:44:12.640 --> 0:44:15.880 brick and water expenses as regular traditional banks do. So 0:44:16.400 --> 0:44:19.360 it's always good to have an online bank for the 0:44:19.440 --> 0:44:21.279 higher interest rate. But are there any ones that in 0:44:21.360 --> 0:44:24.879 particular right now that's paying higher interest rates than others? 0:44:26.480 --> 0:44:28.719 There was? So here's the thing, like one. I'm like, 0:44:28.760 --> 0:44:31.080 these banks will pay my bills? People always right, no, 0:44:31.200 --> 0:44:33.800 but honestly, so the reason why I tell people like 0:44:33.920 --> 0:44:37.480 I I'm currently with ally Bank, A L L Y right. 0:44:37.760 --> 0:44:40.120 But here's the thing. Ally Bank, back in the day 0:44:40.320 --> 0:44:43.560 they had the best, They had the best interest rate. 0:44:43.640 --> 0:44:46.239 They don't anymore. Their interest rate is okay. I think 0:44:46.320 --> 0:44:48.120 last of my check it was like, well one point 0:44:48.160 --> 0:44:50.200 five percent. But there are banks out there. There was 0:44:50.239 --> 0:44:52.120 a Credit Union when I looked at Magnifying Money the 0:44:52.200 --> 0:44:55.280 other day, that was given two percent. So I definitely 0:44:55.520 --> 0:44:58.560 say go for the bank that's giving the highest interest rate. 0:44:58.600 --> 0:45:02.160 There's also gold Sas has a bank account called like 0:45:02.280 --> 0:45:04.600 Marcus my Goldman Sachs. You know that's another one. 0:45:06.480 --> 0:45:07.120 Erners, what's up? 0:45:07.200 --> 0:45:10.200 You ever walk into a small business and everything just works, 0:45:10.640 --> 0:45:13.920 like the checkout is fast, the receipts are digital, tipping 0:45:14.200 --> 0:45:16.600 is a breeze, and you're out the door before the 0:45:16.640 --> 0:45:21.000 line even builds. Odds are they're using Square? We love 0:45:21.080 --> 0:45:24.200 supporting businesses that run on Square because it just feels seamless, 0:45:24.400 --> 0:45:26.880 whether it's a local coffee shop, a vendor at a 0:45:26.960 --> 0:45:29.800 pop up market, or even one of our merch partners 0:45:30.080 --> 0:45:33.800 Square makes it easy for them to take payments, manage inventory, 0:45:33.960 --> 0:45:37.720 and run their business with confidence, all from one simple system. 0:45:38.320 --> 0:45:40.919 If you're a business owner or even just thinking about 0:45:41.000 --> 0:45:44.040 launching something soon, Square is hands down one of the 0:45:44.120 --> 0:45:47.480 best tools out there to help you start, run and grow. 0:45:47.840 --> 0:45:50.799 It's not just about payments, it's about giving you time 0:45:50.920 --> 0:45:53.839 back so you can focus on what matters most ready. 0:45:53.880 --> 0:45:57.240 To see how Square can transform your business, visit Square 0:45:57.360 --> 0:46:01.840 dot com, backslash, go backslash el to learn more that 0:46:02.080 --> 0:46:07.480 Square dot com backslash, go backslash eyl, don't wait, don't hesitate. 0:46:07.640 --> 0:46:10.000 Let Square handle the back end so you can keep 0:46:10.040 --> 0:46:16.080 pushing your vision forward. 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Speed up your hiring right now with Indeed, 0:47:30.719 --> 0:47:32.960 and listeners of this show will get a seventy five 0:47:33.040 --> 0:47:36.160 dollars sponsored job credit to get your jobs more visibility 0:47:36.400 --> 0:47:42.040 at indeed dot com slash pod katz thirteen. Just go 0:47:42.160 --> 0:47:46.799 to Indeed dot com slash pod katz thirteen right now 0:47:47.280 --> 0:47:49.800 and support our show by saying you heard about Indeed 0:47:49.880 --> 0:47:54.120 on this podcast. Terms and conditions apply. Hiring Indeed is 0:47:54.239 --> 0:47:57.560 all you need so you know I say that. 0:47:57.719 --> 0:48:01.240 There isn't a best bake if the bank is FDIC 0:48:01.400 --> 0:48:03.399 insured and they're paying you the highest interest rate. That's 0:48:03.440 --> 0:48:06.120 the best bank. Like I said, I like ally, but 0:48:06.239 --> 0:48:08.640 I'm only there now because I signed out with them originally. 0:48:08.719 --> 0:48:11.560 But best believe, go with the coins are You don't 0:48:11.640 --> 0:48:13.359 have to be loyal to your bank. They're not loyal 0:48:13.440 --> 0:48:16.920 to you, you know, go with who's giving you them coins. 0:48:17.160 --> 0:48:17.359 Yeah. 0:48:17.520 --> 0:48:19.360 One of the things you said about having a joint account, 0:48:19.400 --> 0:48:20.840 you know I can attest to. I think it's a 0:48:20.920 --> 0:48:24.879 great idea, especially for married couples. I heard you preach 0:48:24.920 --> 0:48:27.360 about preparing to invest, right, So if you have that 0:48:27.400 --> 0:48:29.879 a joint account, what is something that couples could think 0:48:29.920 --> 0:48:30.760 about investing? 0:48:31.800 --> 0:48:35.400 So this is great. So people ask me, like, here's 0:48:35.400 --> 0:48:37.719 the steps to preparing to invest, so you don't have 0:48:37.800 --> 0:48:40.200 to wait to invest for retirement. So to be clear, 0:48:40.600 --> 0:48:43.680 when I say retirement is an investment, the purpose of 0:48:43.800 --> 0:48:45.759 retirement is not so you're going You're not gonna live 0:48:45.800 --> 0:48:48.960 on no private island in retirement unless you're living on 0:48:49.040 --> 0:48:52.280 a private island. Now. Retirement is so you can maintain 0:48:52.400 --> 0:48:56.040 your current lifestyle. If you set aside twelve to fifteen 0:48:56.120 --> 0:48:59.560 percent of your income now your gross income now, and 0:48:59.640 --> 0:49:02.440 that's all you ever do. What that will inability to 0:49:02.480 --> 0:49:05.319 do is maintain your current lifestyle. So if you don't 0:49:05.320 --> 0:49:06.920 see palm trees next to you, now, you rain' go 0:49:07.040 --> 0:49:10.000 see palm trees when you eighty, right. So then so 0:49:10.160 --> 0:49:12.359 you do that first and foremost, because you must set 0:49:12.400 --> 0:49:15.319 aside for your future self and it's your younger self 0:49:15.440 --> 0:49:17.640 job to look after your future self, so that comes first. 0:49:18.320 --> 0:49:21.080 Then after you're doing that, then you have to have 0:49:21.320 --> 0:49:24.040 a budget. Right, you have to have some sort of 0:49:24.520 --> 0:49:28.200 physical plan of what your money is doing. This much 0:49:28.320 --> 0:49:30.520 is going to build, this much is going to spend 0:49:30.600 --> 0:49:33.800 him something. So that's step two. Do you have a budget? 0:49:33.840 --> 0:49:35.560 Check Before people say, oh I want to invest, I'm like, 0:49:35.880 --> 0:49:38.919 slow down, slow down? Son? You killing them? Who's filling 0:49:38.960 --> 0:49:41.520 them with octane? You didn't not have body? Right, So 0:49:42.960 --> 0:49:44.520 that's too. Do you have a budget? Great? 0:49:45.280 --> 0:49:45.480 Now? 0:49:46.560 --> 0:49:51.200 Step number three right, do you have savings? Right? So, 0:49:51.760 --> 0:49:54.799 do you have emergency savings at minimum minimum minum during 0:49:54.800 --> 0:49:57.520 the recession I say six months? During a non recession, 0:49:57.560 --> 0:49:59.440 I say at least three months three months of your 0:49:59.520 --> 0:50:02.400 noodle budge, meaning do you have three months of your 0:50:02.560 --> 0:50:06.480 essential bills saved? Because we already talked about if you 0:50:07.080 --> 0:50:08.560 were to lose your job, you're gonna drop down to 0:50:08.560 --> 0:50:09.880 get your noodle on. You're not gonna be living at 0:50:09.920 --> 0:50:11.600 the same You're not gonna be living at your three 0:50:11.600 --> 0:50:13.160 thousand dollar bus. You're gonna be living at your twenty 0:50:13.160 --> 0:50:15.480 five hundred dollar budget. So do you have at least 0:50:15.560 --> 0:50:19.120 three months of your noodle budget saved? That's important because 0:50:19.200 --> 0:50:20.919 that is going to help you if times get rough 0:50:20.960 --> 0:50:24.040 and tough. Do you have that great? Then? Number four? 0:50:24.800 --> 0:50:29.880 Do you have high interest debt? Meaning how are you 0:50:29.960 --> 0:50:33.880 going to invest when you owe visa at eighteen nineteen 0:50:34.120 --> 0:50:37.239 twenty five thirty percent? Do you think you're gonna get 0:50:37.239 --> 0:50:41.360 a return of fifteen thirteen you know, thirty percent? 0:50:41.480 --> 0:50:41.520 No? 0:50:42.000 --> 0:50:45.200 On average, the market yields about seven to eight percent 0:50:45.239 --> 0:50:47.920 a year. So what that means is you put your 0:50:47.960 --> 0:50:51.160 money in the market. On average, you're going to get 0:50:51.239 --> 0:50:55.400 back eight cents. Let's just say, but because you have 0:50:55.560 --> 0:50:59.879 credit card debt, you're losing eighteen cents a month or year. 0:51:00.480 --> 0:51:03.359 So you make it eight cents and losing eighteen cents. 0:51:03.640 --> 0:51:05.400 The best thing you can do is pay off the 0:51:05.480 --> 0:51:08.200 credit card debt, the high interest credit card debt, because 0:51:08.239 --> 0:51:11.000 you're losing more than you're likely to gain in the market. 0:51:11.200 --> 0:51:14.040 So before you start investing, you and your boo, like, 0:51:14.200 --> 0:51:17.000 get rid of that high interest credit card debt first 0:51:17.040 --> 0:51:19.239 and foremost. So that's four. So now you've done all 0:51:19.239 --> 0:51:21.520 those four things. You feeling cute, Okay, you feeling spicy. 0:51:21.640 --> 0:51:25.040 Now we can leap into investing for wealth. So investing 0:51:25.120 --> 0:51:28.080 for wealth if you are a couple, if you don't 0:51:28.080 --> 0:51:29.360 know how to do nothing else, like you know, so 0:51:29.400 --> 0:51:30.960 most people are like, they're not really willing to do 0:51:31.120 --> 0:51:33.640 like everybody wants to like trade options. They don't even 0:51:33.640 --> 0:51:35.160 know what that is. They want to, you know, everybody 0:51:35.200 --> 0:51:36.840 wants to buy stock. Then you bought Delta. How's that 0:51:36.920 --> 0:51:39.160 working out for you? Right now? How's Delta doing? It's 0:51:39.200 --> 0:51:41.480 doing terrible. I can tell you because I have Delta, 0:51:42.640 --> 0:51:44.560 and so most people want to do that. But truth is, 0:51:44.680 --> 0:51:46.560 most people are not willing to do the work for investing. 0:51:46.640 --> 0:51:49.840 That's okay, So this is what I tell people that instead, 0:51:50.400 --> 0:51:54.960 you can invest in a mutual fund. I prefer target 0:51:55.040 --> 0:51:58.720 date funds because it's like super super handholding. A target 0:51:58.800 --> 0:52:02.919 date fund is is a mutual fund that you pick 0:52:03.000 --> 0:52:04.680 the target date the date you want to pull out 0:52:04.719 --> 0:52:08.960 that money. So typically most target date funds are the 0:52:09.040 --> 0:52:10.520 date that you want to pull out that money. Typically 0:52:10.600 --> 0:52:12.800 is the date that you want to retire, so you 0:52:12.920 --> 0:52:15.640 might say twenty fifty, twenty forty five, twenty thirty five. 0:52:15.640 --> 0:52:17.879 They're usually five years apart. So you're going to pick 0:52:17.920 --> 0:52:21.200 a mutual fund that's a target date fund, right, A 0:52:21.320 --> 0:52:23.480 mutual fund, just so you know, for those listening, I'm 0:52:23.480 --> 0:52:25.560 sure you know, but you never know. It's a collection 0:52:25.920 --> 0:52:29.840 of investments. I like mutual funds that tend to be 0:52:29.960 --> 0:52:32.400 index funds, so they follow a particular index, like the 0:52:32.520 --> 0:52:34.960 S and P five hundred, which is basically like the market. 0:52:35.360 --> 0:52:39.120 So that means you're invested in a mutual fund that's 0:52:39.160 --> 0:52:43.400 an index fund, and it follows the market and your money. 0:52:43.760 --> 0:52:45.520 The reason why I like target date funds is that 0:52:45.680 --> 0:52:48.680 it rebalances like a true investor knows that they have 0:52:48.840 --> 0:52:52.600 to shift based upon how life like where they are 0:52:52.680 --> 0:52:55.279 in life. Most people don't do that, so a target 0:52:55.360 --> 0:52:56.919 date fund does it for you. A target date fund 0:52:56.960 --> 0:52:59.520 says you pick the target date of twenty fifty, it 0:52:59.600 --> 0:53:02.239 is now twenty twenty. We had thirty years, we got time, 0:53:02.480 --> 0:53:04.120 so we the target day fund is going to be 0:53:04.880 --> 0:53:08.160 invested more aggressively because you have thirty years. The closer 0:53:08.239 --> 0:53:13.279 you get to twenty fifty, the more conservative automatically your 0:53:13.360 --> 0:53:16.120 investment is going to be invested because the target day 0:53:16.120 --> 0:53:19.320 fund is aware of twenty fifty is coming up. So 0:53:19.520 --> 0:53:22.000 the closer we get if it's twenty forty nine, then 0:53:22.040 --> 0:53:25.240 you're super You might be invested in all cash accounts, 0:53:25.440 --> 0:53:29.480 in bonds, super super conservative investments, right, so you don't 0:53:29.480 --> 0:53:31.719 not do anything else. You can buy a mutual fund 0:53:31.960 --> 0:53:34.759 that that's that's that follows an index bond like I said, 0:53:34.760 --> 0:53:37.440 the S and P five hundred. Typically you can you 0:53:37.520 --> 0:53:39.759 can follow you look for a mutual fund. That's that's 0:53:39.840 --> 0:53:44.360 called a total market fund, meaning that your fund mimics 0:53:44.440 --> 0:53:46.480 a particular market like I said the S and P 0:53:46.560 --> 0:53:48.640 five hunder one hundred. So when the when the market 0:53:48.719 --> 0:53:50.680 goes up, your money goes up. When the market goes down, 0:53:50.760 --> 0:53:52.759 your money goes down. But we like we like I 0:53:52.880 --> 0:53:57.320 mentioned before, on average, the market yields about seven to 0:53:57.440 --> 0:54:00.440 eight percent a year, so you will you will over 0:54:00.760 --> 0:54:03.200 over the next thirty years, you're gonna see about a 0:54:03.280 --> 0:54:05.480 seven eight percent game, which is great, you know, even 0:54:05.960 --> 0:54:07.239 like that's for people who are like I don't want 0:54:07.239 --> 0:54:09.080 to do nothing else like And so when you're looking 0:54:09.200 --> 0:54:12.319 for a target date fund or a mutual fund, you're 0:54:12.320 --> 0:54:15.120 looking for something called the expense ratio, and that is 0:54:15.320 --> 0:54:19.360 the fee that that fund is charging you the percentage 0:54:19.440 --> 0:54:21.439 of the money that you have invested with that fund. 0:54:21.800 --> 0:54:23.799 And so right now, like a Vanguard, they have one 0:54:23.840 --> 0:54:26.960 of the lowest expense ratio. So the broker's accounts that 0:54:27.080 --> 0:54:30.800 have mutual funds and target date funds and these total 0:54:30.840 --> 0:54:35.120 market funds are like Vanguard, Fidality child Swab. So you're 0:54:35.120 --> 0:54:39.160 gonna google expense ratio first, Fidality expense ratio for child Swab. 0:54:39.200 --> 0:54:41.400 I think like, right now, it's like the target for 0:54:41.440 --> 0:54:45.120 a fund, for a total market target date fund for Vanguard. 0:54:45.200 --> 0:54:49.040 Right now it's like point zero six percent, which is great, right, 0:54:49.120 --> 0:54:51.440 not even points zero zero six percent, which is like 0:54:51.680 --> 0:54:53.880 something ridiculous, like a piece of a piece of a 0:54:53.920 --> 0:54:57.120 piece of piece of a penny. So that's great because 0:54:57.200 --> 0:54:59.920 the average financial advisor is going to charge you one 0:55:00.080 --> 0:55:02.800 percent of the assets of your of your money that 0:55:02.800 --> 0:55:04.759 they've invested. So the financial advisor is gonna charge you 0:55:04.760 --> 0:55:07.960 one percent, Vanguard's going to charge you a piece of 0:55:08.000 --> 0:55:09.360 a piece of a piece of one percent, so you 0:55:09.400 --> 0:55:12.480 get to keep more of your money. Fees are the 0:55:12.640 --> 0:55:16.360 biggest hindrance to earning money. You know, I'm not anti 0:55:16.480 --> 0:55:21.240 financial advisor, but you're spending a lot of money sometimes 0:55:21.360 --> 0:55:24.200 for them to do automatically what some of these automatic 0:55:24.280 --> 0:55:26.160 funds can do, unless you have other things your financial 0:55:26.160 --> 0:55:28.120 advisor's doing for you. If they're just investing your money, 0:55:28.480 --> 0:55:31.080 bruh fis just put it in in a target day 0:55:31.120 --> 0:55:33.680 fund and let the fund automatically balance for you and 0:55:33.800 --> 0:55:36.040 you can keep most of your money. So if you're 0:55:36.080 --> 0:55:38.080 investing with your significant other, what I love is that 0:55:38.080 --> 0:55:40.160 you can literally say, hey, Vanguard, you want to open 0:55:40.239 --> 0:55:43.200 up a mutual fund. We'll prefer a target day fund 0:55:43.360 --> 0:55:45.719 that's invested in the index. So do you have like 0:55:45.760 --> 0:55:48.359 I know, Vanguard literally has one called their total market fund, 0:55:48.440 --> 0:55:50.440 or you have a total market fund. Okay, open it up. 0:55:50.480 --> 0:55:52.759 We're gonna be putting two hundred dollars a month. Just 0:55:52.920 --> 0:55:56.040 you can have that transferred automatically from your savings account. 0:55:56.080 --> 0:55:58.280 Transfer your two hundred bucks a month, because you already 0:55:58.320 --> 0:56:00.680 have your three months of savings treats for your three 0:56:00.719 --> 0:56:02.359 hundred bucks a month or two hundred bucks a month 0:56:02.400 --> 0:56:04.320 into that account and let it grow. You kind of 0:56:04.360 --> 0:56:06.200 set it in and semi forget it. So that's like 0:56:06.280 --> 0:56:09.160 the easiest possible way to start investing. If you do that, 0:56:09.360 --> 0:56:11.879 you will be better off than ninety nine or nine 0:56:11.920 --> 0:56:14.520 point most people. And just keep it really simple. I 0:56:14.560 --> 0:56:17.520 think investing should be really simple unless, like you really 0:56:17.560 --> 0:56:20.080 are interested in learning how to buy individual stocks. But 0:56:20.320 --> 0:56:22.239 you have to when it comes to investing, like in 0:56:22.320 --> 0:56:25.200 the traditional sense and like the market, keep it simple. 0:56:25.480 --> 0:56:27.520 And then you can also invest by starting a business. 0:56:27.600 --> 0:56:30.160 You can invest by writing a book. There's other ways 0:56:30.200 --> 0:56:32.640 to invest. You can invest by real estate like I 0:56:32.719 --> 0:56:35.360 do all those things. I have residual investments where I 0:56:35.440 --> 0:56:37.560 have books that pay me a few thousand dollars a 0:56:37.600 --> 0:56:39.719 month from books I've written years ago. I have a 0:56:39.800 --> 0:56:42.320 business that you know, that's an investment as well. I 0:56:42.360 --> 0:56:44.480 put money into that business and it yields money back. 0:56:45.120 --> 0:56:47.440 I also have real estate, you know, even in your 0:56:47.480 --> 0:56:49.520 primary your primary residence. You have to think about that 0:56:49.560 --> 0:56:52.320 as an investment, and you have to understand that the 0:56:52.480 --> 0:56:56.200 key with investing is you should make money on the buy, 0:56:57.400 --> 0:57:01.080 not necessarily the seal. So meaning this is then if 0:57:01.120 --> 0:57:03.000 you always make sure you make money on the buy. 0:57:03.320 --> 0:57:06.839 You never lose, but it's time to sell. So bought 0:57:06.880 --> 0:57:09.520 this house that I'm living in now cash slighte flex 0:57:10.200 --> 0:57:13.400 but it was a foreclosure so it was worth at 0:57:13.440 --> 0:57:16.120 the time maybe three twenty because it was kind of 0:57:16.120 --> 0:57:18.400 like a little bit beat up, and we bought it 0:57:18.480 --> 0:57:21.160 for one eighty. So we made money on a buy 0:57:21.320 --> 0:57:24.240 even if nothing else. We didn't fix it up. We're like, yo, 0:57:24.320 --> 0:57:26.280 we tired, we ran out of money to fix it up. 0:57:26.280 --> 0:57:28.080 We bought it for one eighty a house that's worth 0:57:28.120 --> 0:57:30.440 three twenty, So we made money on the buy, no 0:57:30.520 --> 0:57:32.520 matter what. So even now they're talking about the market 0:57:32.560 --> 0:57:34.600 it's gonna drop, I'm not worried about it. It would 0:57:34.600 --> 0:57:36.320 have to drop a whole hell of a lot for 0:57:36.400 --> 0:57:38.960 a house worth three twenty to drop down to one eighty. 0:57:39.640 --> 0:57:42.360 You know, got to have the wind built in exactly. 0:57:42.560 --> 0:57:45.000 So we so then we then we renovated the place. 0:57:45.080 --> 0:57:46.920 So now I just got the house of praise. We 0:57:47.040 --> 0:57:50.160 renovated it. The house is now worth three ninety, so 0:57:50.280 --> 0:57:52.200 it's like even if we never renovated it, we was 0:57:52.200 --> 0:57:54.640 gonna win. So same thing with stocks, you know that 0:57:54.800 --> 0:57:58.520 like you make money on the buy, you know, not necessarily, 0:57:58.640 --> 0:58:00.280 like you don't want to have to wait for the cell. 0:58:00.320 --> 0:58:01.800 But not enough people do that. They want to jump 0:58:01.800 --> 0:58:04.680 into the market right now because you know your your 0:58:04.960 --> 0:58:07.560 neighbors like, oh I bought, Oh you're not in, but 0:58:07.680 --> 0:58:10.680 yond me, Oh you don't do bitcoin. Meanwhile, you don't 0:58:10.680 --> 0:58:12.840 know nothing, know what they're talking about. Don't jump in 0:58:12.920 --> 0:58:14.560 and lose your money. Like, if you're not going to 0:58:14.600 --> 0:58:16.760 do the research, you're going to be broke. Get you 0:58:16.880 --> 0:58:19.280 an index fund, you know, invest in things that you're 0:58:19.320 --> 0:58:21.720 willing to do the research on, or invest in semi 0:58:21.800 --> 0:58:24.840 automated super simple investments, and you'll be fine. You don't 0:58:24.880 --> 0:58:27.400 have to have your investments told honestly largely be boring. 0:58:27.440 --> 0:58:29.120 You don't have to have the hottest stock. 0:58:29.760 --> 0:58:32.640 So all right, So in the last segment, we're going 0:58:32.680 --> 0:58:35.400 to bring it home with a few more tips on 0:58:35.520 --> 0:58:39.520 personal finance. So okay, So two questions that I had 0:58:39.840 --> 0:58:43.400 that's related to personal finance that's big ones. The first 0:58:43.440 --> 0:58:45.520 one is credit cards. Right, so a lot of people 0:58:45.520 --> 0:58:47.880 I'm struggling with credit card debt, and I've heard different 0:58:47.920 --> 0:58:49.600 strategies of how to pay off credit card debt. I 0:58:49.600 --> 0:58:53.240 think one strategy is like the avalanche strategy. Like, so 0:58:53.360 --> 0:58:57.280 we have one strategy, you pay off the smaller amount, oh, 0:58:57.480 --> 0:58:58.680 the larger amount first. 0:58:58.720 --> 0:58:59.000 I think. 0:58:59.200 --> 0:59:01.760 The other strategy is you pay off the highest interest 0:59:02.200 --> 0:59:05.040 amount first. So like if you have five cards and 0:59:05.240 --> 0:59:07.560 one is twenty percent, one is fifteen, you pay off 0:59:07.560 --> 0:59:10.120 the twenty percent first, where the other one is if 0:59:10.120 --> 0:59:13.000 you have five cards and whatever the highest amount is, 0:59:13.120 --> 0:59:15.760 you focus the majority of your resources to that. Knock 0:59:15.840 --> 0:59:18.120 that out the way and think, so do you have 0:59:18.240 --> 0:59:21.720 a set strategy for people that do you personally recommend 0:59:21.840 --> 0:59:23.560 or like, what's what's the best way that somebody can 0:59:23.640 --> 0:59:25.240 can go about paying off credit card debt? 0:59:25.960 --> 0:59:27.640 So yeah, those are both really good ways. So I 0:59:27.800 --> 0:59:32.560 personally like the snowball method first, first and foremost. Well 0:59:32.720 --> 0:59:35.880 I like a mix of snowball slash avalanche. So the 0:59:35.960 --> 0:59:38.080 avalanche method is the method where you pay off the 0:59:38.160 --> 0:59:41.240 more expensive debt first, and that is the debt that 0:59:41.480 --> 0:59:44.880 has the highest interest rate. So that's the fee that 0:59:44.960 --> 0:59:47.880 they're charging you for the money that you owe them. Right, 0:59:48.200 --> 0:59:49.840 So the reason why you pay that off first is 0:59:49.880 --> 0:59:52.800 because logically, if I can give it a debt debt first, 0:59:53.080 --> 0:59:55.000 that that is costing me the most amount of money. 0:59:55.040 --> 0:59:57.800 I'm paying twenty percent, twenty cents on every dollar for 0:59:57.880 --> 1:00:01.000 that debt. But the problem is is at what if 1:00:01.320 --> 1:00:05.600 that debt that you're owing is thirty thousand dollars and 1:00:05.640 --> 1:00:07.800 you make thirty thousand dollars a year, You'll be paying 1:00:07.880 --> 1:00:10.240 that forever. So it doesn't really feel good. It's like 1:00:10.280 --> 1:00:12.040 the equivalent of saying you're going to bench press one 1:00:12.080 --> 1:00:15.320 hundred pounds tomorrow. You're just starting out. So I like 1:00:15.680 --> 1:00:19.000 to start off with this snowball method, which is that 1:00:19.080 --> 1:00:22.920 you pay the debt with the lowest balance first, right, 1:00:23.360 --> 1:00:25.760 and so you start off so you can have early success. 1:00:26.160 --> 1:00:27.600 And so let's just say, you know, you have a 1:00:27.720 --> 1:00:30.400 credit card debt where the balance is one hundred dollars. 1:00:30.880 --> 1:00:32.680 You pay out that one hundred dollars, woo hoo. Now 1:00:32.680 --> 1:00:34.400 you take that whole payment that used to pay to 1:00:34.480 --> 1:00:37.120 that debt and you roll it over to the next 1:00:37.240 --> 1:00:39.600 lowest debt on your list. So as you start to 1:00:39.680 --> 1:00:42.320 do that, then once you start to get a little momentum, 1:00:42.400 --> 1:00:44.480 then you can start looking at, okay, now, which debts 1:00:44.520 --> 1:00:47.160 are really Now you can start to mix an avalanche, 1:00:47.160 --> 1:00:49.440 so which debts are actually costing me the most amount 1:00:49.480 --> 1:00:52.360 of money now that I freed up cast by paying 1:00:52.400 --> 1:00:54.720 off these lower debts. And so I like a mix 1:00:54.840 --> 1:00:57.280 of the two of avalanche and snowball method. But I 1:00:57.320 --> 1:00:59.560 say start off with snowball and then you can start 1:00:59.560 --> 1:01:01.800 to infuse avalanche. So basically, start off paying off the 1:01:01.880 --> 1:01:06.080 debt with the lowest balances first, and then once you 1:01:06.240 --> 1:01:09.480 have excess money because you don't have those those smaller balances, 1:01:09.680 --> 1:01:11.400 you don't have those credit cards to throw money at, 1:01:11.600 --> 1:01:13.560 then you could start using this excess money to pay 1:01:13.560 --> 1:01:15.000 off debts with the highest interest rate. 1:01:15.680 --> 1:01:17.760 You said in times right now, Like a lot of 1:01:17.760 --> 1:01:20.400 people in financial hardships, i've heard you said that one 1:01:20.440 --> 1:01:22.520 of the things you could do is reduce your payments 1:01:22.520 --> 1:01:25.439 to debt. So if you were paying two hundred dollars 1:01:25.440 --> 1:01:27.480 a month to your Best Buy card and the minimum 1:01:27.480 --> 1:01:29.800 payment was fifty dollars, maybe not paying seventy is a key. 1:01:29.800 --> 1:01:31.120 You want to talk about that a little. 1:01:30.880 --> 1:01:34.880 Bit, So especially if you don't have at least three 1:01:34.960 --> 1:01:36.800 months of your nettle budget saved, so three months of 1:01:36.920 --> 1:01:41.520 essential essential expenses saved. I mean, I wouldn't even pay 1:01:41.560 --> 1:01:43.400 seventy dollars to my best boy, I'd be paying best 1:01:43.440 --> 1:01:48.440 by the fifty because during recessionary times the times during recession, 1:01:48.880 --> 1:01:53.200 cash is quean right because if you were to lose 1:01:53.240 --> 1:01:55.640 your job, if you were to get sick, if your 1:01:55.760 --> 1:01:58.080 job were to close down, what you're gonna do, You're 1:01:58.120 --> 1:02:01.480 going to need cash. Debt free and no savings equals 1:02:01.560 --> 1:02:03.680 debt because so many people are still so prior relatively. 1:02:03.680 --> 1:02:05.640 I paid off my credit card debt. How much saves? 1:02:05.680 --> 1:02:08.040 You got nothing? Well, now you got deb girl, No, 1:02:08.120 --> 1:02:10.320 I'm deaf free. No, you're not let your card break down. 1:02:10.320 --> 1:02:12.440 What you're gonna do sis You're gonna look at your 1:02:12.480 --> 1:02:14.880 savings account, which is empty, and you're gonna look back 1:02:14.920 --> 1:02:17.480 at that credit card and swipe that card. And that 1:02:17.600 --> 1:02:20.080 credit card is now gonna charge you a fee for 1:02:20.320 --> 1:02:22.720 using that card for an emergency where you could have 1:02:22.880 --> 1:02:26.080 used money for free and from your savings account. So 1:02:26.600 --> 1:02:28.960 I like, debt free doesn't equal well, I mean, especially 1:02:29.000 --> 1:02:31.280 the black community. Crudential does this. Did this study called 1:02:31.320 --> 1:02:34.080 like the Black American Experience or something like that about money, 1:02:34.360 --> 1:02:37.520 and they found that they interviewed like a few thousand 1:02:37.600 --> 1:02:39.640 black folks and asked, like, what's your number one goal? 1:02:40.040 --> 1:02:42.520 And our goal as a community is to get debt free, 1:02:43.240 --> 1:02:47.520 and the larger population their goal is to grow wealth. 1:02:48.120 --> 1:02:51.880 Because somehow along the way we have confused debt freedom 1:02:51.920 --> 1:02:54.360 with wealth. It's not the same. You know, who else 1:02:54.440 --> 1:02:56.720 is debt free. I've got a four year old nephew, Roman, 1:02:57.200 --> 1:03:00.920 Roman don't have no debt. Roman is broke right, well, man, 1:03:00.920 --> 1:03:02.920 I got no money, So debt free is not the 1:03:02.960 --> 1:03:05.400 same thing as well. And we put so much energy 1:03:05.440 --> 1:03:08.480 into getting debt free, that doesn't mean anything, right. I'd 1:03:08.640 --> 1:03:13.200 rather you focus, like, you know, make debt something that's 1:03:13.280 --> 1:03:15.480 like this behind the scenes goal debt freedom, and you 1:03:15.560 --> 1:03:17.240 know you pay it like you're supposed to, but really 1:03:17.320 --> 1:03:20.240 focus your energy on growing wealth. Now give you an example. 1:03:20.320 --> 1:03:23.120 So I told you I had that that a student 1:03:23.200 --> 1:03:26.520 loan seen Hall University, fifty thousand dollars plus right, or 1:03:26.600 --> 1:03:28.640 like fifty two thousand something like that. I was the 1:03:28.680 --> 1:03:30.880 four baron's queen. I was like, not this year, no, no, 1:03:31.040 --> 1:03:34.080 no deferment, nope. Right. So I did that for years 1:03:34.800 --> 1:03:38.960 and then maybe like three or four years, maybe four 1:03:39.040 --> 1:03:42.000 years into the budgetista I could afford to make a 1:03:42.080 --> 1:03:44.520 payment on the debt, and I started to and then 1:03:44.560 --> 1:03:46.280 I realized that maybe I was paying, like, I don't know, 1:03:46.280 --> 1:03:48.320 a few hundred bucks a month, and I was like, huh, 1:03:49.600 --> 1:03:51.880 I can aggress that I had aggressively paid off that 1:03:52.200 --> 1:03:54.959 thirty five thousand dollars credit card debt scam. And I said, 1:03:55.000 --> 1:03:58.919 I can continue to aggressively pay off this student loan debt. 1:03:59.440 --> 1:04:02.240 But I know I owners that the budgetista is needing 1:04:02.320 --> 1:04:04.040 money for growth. I need to hire a designer, I 1:04:04.080 --> 1:04:06.560 need to hire what. So I could take this extra 1:04:06.680 --> 1:04:11.800 money and put it toward the business instead. So I told, like, 1:04:11.920 --> 1:04:14.000 my student loan you going back on for barons and deferment, 1:04:14.040 --> 1:04:15.840 I'm gonna have to see you late, assist. And I 1:04:15.920 --> 1:04:20.120 put the money toward my business instead. And in two years, 1:04:20.440 --> 1:04:23.240 I was able to write a full check of fifty 1:04:23.320 --> 1:04:26.400 two thousand dollars to my credit card to my student 1:04:26.440 --> 1:04:29.520 loan debt because I had grown my business to seven figures. 1:04:30.000 --> 1:04:32.160 So if I had to use that money to pay 1:04:32.280 --> 1:04:34.960 off the student loan debt, then then I would have 1:04:35.000 --> 1:04:37.200 been student loan debt free and maybe a business that 1:04:37.280 --> 1:04:40.400 was making some you know load mid six figures, which 1:04:40.440 --> 1:04:43.960 is cool. But now doing that, not only did I 1:04:44.000 --> 1:04:46.600 have enough money to pay off my student loan debt 1:04:46.600 --> 1:04:48.840 because I didn't focus on debt. I finally got to it, 1:04:49.360 --> 1:04:51.800 but I focused on well. I was able to buy 1:04:51.880 --> 1:04:54.720 this house for one hundred eighty thousand dollars cash. I 1:04:54.840 --> 1:04:57.160 was able to renovate this house another six figure of renovation. 1:04:57.200 --> 1:04:59.160 I was able to pay off my parents' house one 1:04:59.240 --> 1:05:01.600 hundred twenty thousand knowledge. You see what I mean. So 1:05:02.000 --> 1:05:04.600 focusing on wealth allowed me to have all the things, 1:05:04.760 --> 1:05:08.120 including debt freedom. Focusing on just getting debt free just 1:05:08.200 --> 1:05:10.280 gets you that you will be Roman four years old 1:05:10.360 --> 1:05:11.439 with no debt but no money. 1:05:11.560 --> 1:05:14.120 No, it's true what you said, And a lot of 1:05:14.160 --> 1:05:16.800 times things, especially in our community, we equate debt. It's 1:05:16.840 --> 1:05:19.400 only like bad debt that we think about, so like 1:05:19.680 --> 1:05:22.720 cars or credit cards and stuff like that. 1:05:22.880 --> 1:05:24.040 So that's why it's such a push. 1:05:24.160 --> 1:05:25.880 And then it's like, you know, all kinds of people 1:05:25.920 --> 1:05:28.640 that preach, you know, debt free community and all that stuff. 1:05:28.720 --> 1:05:31.000 So it's like most people have when and it's like 1:05:31.000 --> 1:05:34.200 all kinds of religious nothing against the religious community, but 1:05:34.280 --> 1:05:36.760 you know, it's all kinds of religious quotes that people 1:05:36.800 --> 1:05:40.240 will throw in there, and it's kind of like half 1:05:40.360 --> 1:05:43.440 truths because there's good debt and it's bad debt, And 1:05:43.520 --> 1:05:46.760 if you're not fully educated, you think that all debt 1:05:46.840 --> 1:05:48.840 is bad. Where I mean, I've told this story several 1:05:48.880 --> 1:05:50.960 times and a couple of different times on the podcast 1:05:51.040 --> 1:05:54.280 where I've done several different times where I've taken money 1:05:55.440 --> 1:06:00.280 from my credit card interests free for like twelve eighteen months, 1:06:00.320 --> 1:06:02.400 and I invested it. And it's like, if you give 1:06:02.480 --> 1:06:06.480 me twenty thousand dollars free for eighteen months via balance transfer, 1:06:06.560 --> 1:06:08.160 but people don't even know you can put the balance 1:06:08.160 --> 1:06:10.840 transfer into your actual bank account. I give me twenty thousand, 1:06:11.200 --> 1:06:12.800 I'll give it back to you eighteen months. Let me 1:06:12.840 --> 1:06:14.880 flip this. By the time I flip it and then 1:06:15.040 --> 1:06:17.280 doubled it, and I just got to pay you back 1:06:17.360 --> 1:06:20.000 to twenty thousand that I borrowed. So I just use 1:06:20.080 --> 1:06:22.360 that as an example of that there's good debt and 1:06:22.400 --> 1:06:26.480 this bad debt, And especially when you're in business, I mean, 1:06:26.520 --> 1:06:28.960 it's kind of really almost impossible to run business without 1:06:29.240 --> 1:06:32.680 any debt at some point if you plan on really scaling, 1:06:32.800 --> 1:06:35.480 like even major corporations, they have debt for the most part, 1:06:35.560 --> 1:06:37.680 Like very few companies have no debt at all. You 1:06:37.760 --> 1:06:40.560 have to be responsible and manage the debt properly. But 1:06:40.720 --> 1:06:42.280 it's a leverage. It's a leverage tool. 1:06:43.160 --> 1:06:46.959 So like we're unfortunate in that we because wasn't nobody 1:06:47.400 --> 1:06:50.200 lending my black behind money, right, Like that's not happening. 1:06:50.400 --> 1:06:53.440 Wells Farker was like, oh girl, get out. So I 1:06:53.520 --> 1:06:56.160 had to build the Budgeonista from the ground up, you know, 1:06:56.360 --> 1:06:58.960 with like so we had to the Budgetiesta became the bank. 1:06:59.040 --> 1:07:01.200 So as the Budgetess to start to do well, then 1:07:01.240 --> 1:07:03.800 it was enabled me to branch out to my other companies, 1:07:03.840 --> 1:07:06.960 and the Budgetista became the bank lending to those other companies. 1:07:07.040 --> 1:07:09.760 Other companies made money paid the Budgetista back. And now 1:07:10.280 --> 1:07:12.760 one of my companies is we had our first seven 1:07:12.800 --> 1:07:16.520 figure month, right and so and then we have rearcurring 1:07:16.720 --> 1:07:19.480 of just under seven figure. So by next month we'll 1:07:19.480 --> 1:07:21.400 be an eight figure in your company with no debt. 1:07:21.480 --> 1:07:24.480 So do we use credit cards to pay for things 1:07:24.520 --> 1:07:26.280 like marketing, but we pay them off in full every month. 1:07:26.320 --> 1:07:28.800 We have an Amex card that we use largely. So 1:07:29.200 --> 1:07:32.840 here we are eight figure of your company and no 1:07:34.320 --> 1:07:38.000 long term debt, you know. So it's I just say 1:07:38.000 --> 1:07:41.160 all that that, like it's possible to do the things 1:07:41.200 --> 1:07:44.080 that you want. I mean, and still I live fairly 1:07:44.160 --> 1:07:45.920 simply like if you see me out here in these streets, 1:07:45.960 --> 1:07:50.360 you would never know, right because I you know, because 1:07:50.440 --> 1:07:52.400 it was like, do I elevate my lifestyle right now 1:07:52.720 --> 1:07:55.120 to do our port back into my business. So I 1:07:55.120 --> 1:07:57.480 had already told my financial planners. I believe that you know, 1:07:57.600 --> 1:07:59.880 I have a financial planner because I was at a 1:08:00.040 --> 1:08:02.680 certain point where I knew I know how to make 1:08:02.760 --> 1:08:04.560 money and how to save money. I know how to 1:08:04.600 --> 1:08:07.320 budget money, but I really wanted to learn how to 1:08:07.520 --> 1:08:09.360 grow my money to the next level. So I hired 1:08:09.360 --> 1:08:12.360 a finance planner for myself and and my husband. 1:08:12.720 --> 1:08:15.840 One of the beautiful things about you and ourselves is 1:08:16.479 --> 1:08:19.200 like twenty ten, we would just like. I was fresh 1:08:19.240 --> 1:08:22.280 out of college teaching and one of the things I 1:08:22.360 --> 1:08:25.080 saw in education is that financial literacy wasn't being taught 1:08:25.120 --> 1:08:27.200 in school, and so I reached for my best friend. 1:08:27.200 --> 1:08:29.599 I'm like, yo, you know you're doing finance. Why don't 1:08:29.600 --> 1:08:33.160 we try to teach finance to kids? And it seems 1:08:33.200 --> 1:08:35.760 like around the same time you were doing a similar thing. 1:08:36.240 --> 1:08:38.200 You want to talk about the law A one four 1:08:38.320 --> 1:08:40.320 four or as we know it, as the world should 1:08:40.360 --> 1:08:41.400 know what the budget needs still law. 1:08:42.600 --> 1:08:46.720 Yeah, So I had dope friends the same. You know, 1:08:46.760 --> 1:08:49.040 you have to just understand that your deposit what you 1:08:49.120 --> 1:08:51.280 deposit a seed, you get to reap later, right, you 1:08:51.360 --> 1:08:54.080 get to reap that harvest. So I was teaching financial 1:08:54.160 --> 1:08:57.080 education at the Naida Way. There was a young woman 1:08:57.160 --> 1:08:59.519 there and it was Angela Vie McKnight. At the time, 1:09:00.080 --> 1:09:03.040 she was working for like IBM or something, but she 1:09:03.240 --> 1:09:06.240 did so much for her community in Jersey City. Someone 1:09:06.320 --> 1:09:08.040 was like, yo, you should be an assembly woman because 1:09:08.040 --> 1:09:10.280 you do so much, you have this nonprofit. You're dope. 1:09:10.400 --> 1:09:12.600 So she ran and she won. So she hit me 1:09:12.720 --> 1:09:14.439 up and it was like, hey, Tiffany, you know I 1:09:14.479 --> 1:09:16.000 took your class at the end of it way, it 1:09:16.080 --> 1:09:18.559 was a six week course. I want to do something 1:09:18.600 --> 1:09:22.559 for education for the city, or for not just the city, 1:09:22.600 --> 1:09:24.840 but for the state of New Jersey. And I told her, well, 1:09:25.600 --> 1:09:27.479 Jersey's ahead of the curve, and that we had already 1:09:27.520 --> 1:09:30.200 had a law in place for high school, right. But 1:09:30.280 --> 1:09:31.880 I told her, I believe because I used to teach 1:09:31.920 --> 1:09:34.120 preschool that kids as lowest three and fourced to be 1:09:34.120 --> 1:09:38.240 getting financial education age appropriate financial education. So she and 1:09:38.320 --> 1:09:43.320 I met up at the Starbucks downtown Newark and we 1:09:43.400 --> 1:09:45.720 started to write the bill. It was like if you 1:09:45.840 --> 1:09:48.760 ever like, you know, schoolhouse Rock, just a bill. It 1:09:48.920 --> 1:09:51.320 was like a Civics class of like all the steps 1:09:51.360 --> 1:09:53.320 that had to go to to become a law. First, 1:09:53.400 --> 1:09:55.639 you sit down, you kind of write out what you're thinking. 1:09:56.000 --> 1:09:57.760 Then her team has to do research to see what's 1:09:57.760 --> 1:10:00.800 already out there. Maybe there's outstanding bills there was. I 1:10:00.960 --> 1:10:03.080 told her that it should be elementary and middle school. 1:10:03.080 --> 1:10:05.320 So he wrote up a bill. We met with these 1:10:05.360 --> 1:10:07.639 different committees because you have to have people on board, 1:10:08.000 --> 1:10:10.559 and so we met up with the Education committee. They 1:10:10.560 --> 1:10:12.280 said we love it, and she was like, I need 1:10:12.320 --> 1:10:13.960 you to come because the teachers are kind of pushing 1:10:14.000 --> 1:10:15.760 back because you know, as a teacher, there's always some 1:10:15.880 --> 1:10:18.880 new initiative. You're like, what now, we already have mad 1:10:18.920 --> 1:10:20.200 Time Engles times did like what now? 1:10:20.320 --> 1:10:22.800 They don't like change and they don't like anything added 1:10:22.840 --> 1:10:23.519 to their schedules. 1:10:23.880 --> 1:10:26.559 Yes, And so I said, I agree, you're right. Because 1:10:26.600 --> 1:10:28.400 a teacher, I was like, you know what, you're right, Susan. 1:10:29.000 --> 1:10:30.800 I hated that, like are we doing something else? Now? 1:10:31.400 --> 1:10:34.360 I'm not doing it, you know, and so what I 1:10:34.439 --> 1:10:36.519 did was I went back and we edited the bill 1:10:36.920 --> 1:10:39.519 to say that it wouldn't you it was mandatory to 1:10:39.600 --> 1:10:43.960 have financial education integrated into the school day, so meaning 1:10:44.080 --> 1:10:47.519 you could be teaching science and talking about money, so 1:10:47.680 --> 1:10:49.960 like how much would it cost to clean up the park. 1:10:50.479 --> 1:10:52.840 You could be teaching colors and or you can be 1:10:52.920 --> 1:10:56.000 teaching like art and maybe you're making a savings box. 1:10:56.120 --> 1:10:59.479 So integration versus like stop it's money time. So the 1:10:59.560 --> 1:11:03.160 teachers I like that, you know. So we met with 1:11:03.200 --> 1:11:06.320 the committee. Then it has to go to like the Senate, 1:11:06.479 --> 1:11:07.519 and then it has to go to or has to 1:11:07.560 --> 1:11:09.400 go to the House and then Senate, and they voted 1:11:09.439 --> 1:11:10.880 on it. It went all the way up to Governor 1:11:10.960 --> 1:11:13.320 Christie's desk, and it was the year that he was 1:11:13.360 --> 1:11:15.600 like on his way out, and he promised he was 1:11:15.600 --> 1:11:16.920 going to sign it and he didn't. And in the 1:11:16.960 --> 1:11:19.639 state of New Jersey, if a governor doesn't sign a law, 1:11:19.720 --> 1:11:22.840 it's beetled by just not signing it. There's certain states 1:11:22.840 --> 1:11:24.880 where if a governor doesn't sign a law on the 1:11:24.920 --> 1:11:27.639 way out, it's automatically integrated in but not in New Jersey. 1:11:27.840 --> 1:11:29.840 So we worked for two years for it. To get 1:11:29.880 --> 1:11:32.280 to his desk only for him not have to sign it. 1:11:32.360 --> 1:11:35.800 I was like whatever, so but it was It was 1:11:35.920 --> 1:11:39.400 fine because then we had to go back to the beginning, 1:11:39.520 --> 1:11:41.640 meaning like we had to rewrite the bill, and now 1:11:41.640 --> 1:11:42.960 all of a sudden they wanted to drop off the 1:11:43.000 --> 1:11:45.320 elementary school part. We were like, fine, we're not fighting, 1:11:45.720 --> 1:11:48.000 We'll just have middle school. So we went through the 1:11:48.040 --> 1:11:52.439 same committee House Senate, got to Governor mur Murphy's desk. 1:11:52.479 --> 1:11:53.760 And this is why, you know, the right thing that 1:11:53.760 --> 1:11:55.720 happens at the right time, because if we would have 1:11:55.840 --> 1:12:00.400 had it signed under what's his face, yeah, Christie, it 1:12:00.439 --> 1:12:02.960 wouldn't We wouldn't have had all the fanfare. Governor murphyw 1:12:03.000 --> 1:12:04.320 was like, not only do I love it, I super 1:12:04.400 --> 1:12:06.240 love it. So in the state of New Jersey we 1:12:06.280 --> 1:12:08.639 have our very first black lieutenant governor, which is basically 1:12:08.800 --> 1:12:12.360 governor second in command, and he was like, I'm not 1:12:12.400 --> 1:12:14.000 gonna be there, but I would love for this to 1:12:14.080 --> 1:12:16.559 have a signing day. Not every law is a signing day. 1:12:16.840 --> 1:12:18.240 So not only do we have a signing day with 1:12:18.320 --> 1:12:21.879 our black lieutenant governor, you know, she was the Lieutenant 1:12:21.920 --> 1:12:25.080 Oliver signing. We got to choose the school and Angela 1:12:25.240 --> 1:12:27.280 chose the Barack Obama school because you know, we keep 1:12:27.280 --> 1:12:30.080 it all the way black, okay. So and then here 1:12:30.320 --> 1:12:34.280 right so here it is lieutenant governor, black woman, Angela 1:12:34.320 --> 1:12:36.840 assembly woman who made this law happen, a black woman 1:12:37.479 --> 1:12:39.400 budgetista up on stage, black woman. It was such a 1:12:39.520 --> 1:12:42.360 blackly black black affair, and all the kids in the audience. 1:12:42.520 --> 1:12:45.080 My mama came. Honestly, it was dope. And to see 1:12:45.120 --> 1:12:47.439 her sign and she was like, this bill is now 1:12:47.560 --> 1:12:51.400 a law, it was like amazing. So yeah, So it 1:12:51.560 --> 1:12:53.920 wasn't until you know, at the time, some things don't 1:12:53.960 --> 1:12:55.920 soak in and you're like, oh, okay, that's good. Okay, 1:12:55.920 --> 1:12:58.599 I run a law. Go about your business. But one 1:12:58.600 --> 1:13:00.800 of my best friends was around the corner and she'd 1:13:00.840 --> 1:13:04.360 had a daughter, Olivia, who is eight, and so they 1:13:04.439 --> 1:13:06.720 come over all the time. And then Olivia was like, 1:13:06.800 --> 1:13:09.000 Auntie Tiffany, can you have me my homework? I said sure. 1:13:09.360 --> 1:13:11.439 So I'm looking at this homework and it's like about money, 1:13:12.080 --> 1:13:13.479 and I'm like, you're not about money in school? She 1:13:13.479 --> 1:13:15.160 said yeah, we started learning about money in school. 1:13:15.160 --> 1:13:19.599 And it was like, oh snap, there goes me out. 1:13:20.040 --> 1:13:23.559 So it hit me like Olivia's learning about money because 1:13:23.600 --> 1:13:25.320 something that her aunt Tiffany did, So that was when 1:13:25.360 --> 1:13:26.479 it was like a full circle moment. 1:13:26.560 --> 1:13:28.880 So yeah, and that's going to live off for generations 1:13:28.960 --> 1:13:30.920 like that impact that you just did. And it's true, 1:13:30.960 --> 1:13:32.600 like it could be. It doesn't have to just be 1:13:32.720 --> 1:13:36.000 in mathematics like there is finance and everything. It could 1:13:36.000 --> 1:13:37.479 be in the literature, in ela, it could be in 1:13:37.520 --> 1:13:39.960 social studies. It can be in science, like you said, 1:13:40.120 --> 1:13:41.960 like a lot of we can talk about going out 1:13:41.960 --> 1:13:44.080 of space and how much rockets and how much TESLA 1:13:44.120 --> 1:13:47.679 puts into or SpaceX puts into space exploration. 1:13:47.960 --> 1:13:48.760 It's all around us. 1:13:48.800 --> 1:13:51.040 So I'm happy that you did that, and I guess 1:13:51.040 --> 1:13:52.519 there's two guys who might have to work on something 1:13:52.520 --> 1:13:52.960 for New York. 1:13:55.240 --> 1:13:57.240 So we're going back for elementary school because honestly, I 1:13:57.320 --> 1:13:59.400 want that when you step foot in public school in 1:13:59.439 --> 1:14:02.960 New Jersey, from the very beginning kindergarten all the way 1:14:03.080 --> 1:14:05.719 up to your senior in high school, you're getting financial education. 1:14:06.320 --> 1:14:08.599 It's just gonna set you apart for when you when 1:14:08.640 --> 1:14:10.519 you you know, go off into adulthood, Like if you 1:14:10.680 --> 1:14:13.559 had twelve years of financial education, you're not the same 1:14:13.640 --> 1:14:14.679 kid as a kid that didn't. 1:14:14.760 --> 1:14:15.360 So absolutely. 1:14:16.280 --> 1:14:18.880 So speaking on education, you have you have your own 1:14:19.000 --> 1:14:22.519 educational platform. Can you talk about that? 1:14:22.800 --> 1:14:24.920 Yes? So I have an online school called the Live 1:14:25.200 --> 1:14:28.720 Richer Academy. It's dope I created. I wanted to create 1:14:28.720 --> 1:14:31.000 a safe space for women. So the budgetista is is 1:14:31.080 --> 1:14:33.439 it just way? We have a handful of guys in there. 1:14:33.439 --> 1:14:36.720 I just tell them, don't act up, act you and 1:14:36.760 --> 1:14:37.920 gets smacked up. That's what you're doing. 1:14:39.400 --> 1:14:43.519 Because in the in the especially the black community. So 1:14:43.800 --> 1:14:46.960 Credential has a study like that, same of Black and 1:14:47.040 --> 1:14:49.840 money study, but they found that women just in general, 1:14:49.880 --> 1:14:51.479 I don't think this was a black study, but they 1:14:51.520 --> 1:14:53.800 found that women in general make up to seven zero 1:14:53.920 --> 1:14:56.720 seventy percent of the financial choices in the household. So 1:14:56.840 --> 1:14:58.559 even if she's a stay at home mom, who's buying 1:14:58.600 --> 1:15:01.479 the groceries, who buying a kid the kids food? Like 1:15:01.680 --> 1:15:04.840 you know, if you you're married, right, so you you 1:15:05.040 --> 1:15:06.640 hate a car like us, let's just say it's a 1:15:06.640 --> 1:15:09.400 family car. You you love the car, she hate the car, 1:15:09.520 --> 1:15:11.639 y'all ain't getting that car. Now, she loved a car 1:15:11.840 --> 1:15:13.519 and you are y'all get in that car. 1:15:14.040 --> 1:15:14.200 Right. 1:15:14.520 --> 1:15:16.439 And So, because women have a lot of influence on 1:15:16.560 --> 1:15:18.519 how even if they're not making the money, on how 1:15:18.600 --> 1:15:20.920 money is spent. Right, So I realized that if I 1:15:21.000 --> 1:15:22.560 want to help my community, the best way to do 1:15:22.680 --> 1:15:24.720 is to women. And I am a woman, so it's 1:15:24.800 --> 1:15:27.400 easier for women to listen and to flock to me. 1:15:28.560 --> 1:15:31.040 And so I started when I started a budget thest 1:15:31.040 --> 1:15:33.720 to ten years ago, I started kind of like our crew, 1:15:33.880 --> 1:15:36.719 Like I always say, like we're the Beehive of personal finance, 1:15:36.760 --> 1:15:39.519 and we call ourselves dream catchers because words mean things. 1:15:40.000 --> 1:15:43.080 And we're like over nine hundred women deep in over 1:15:43.120 --> 1:15:47.040 one hundred different countries. Like we are information. And so 1:15:47.360 --> 1:15:49.479 I have Facebook group. It's like five hundred thousand women 1:15:49.479 --> 1:15:51.640 in there twenty four hours a day. Eighty percent of 1:15:51.680 --> 1:15:54.760 the group is engaged that we just help each other, 1:15:54.920 --> 1:15:56.360 like does anybody know how to do a budget? Does 1:15:56.400 --> 1:15:58.720 anybody know anything about credit? How much do the baby 1:15:58.760 --> 1:16:00.680 shoes cost? You can ask any in that group. It's 1:16:00.720 --> 1:16:03.839 a safe space. And so I was teaching the basics. 1:16:03.920 --> 1:16:06.479 And then as I was growing, So I'm a baby 1:16:06.520 --> 1:16:08.720 millionaire and you know, I'm uncle funk as as I 1:16:10.200 --> 1:16:13.120 so as I would my husband be, like yo, I 1:16:13.240 --> 1:16:14.600 still be out here in these streets, not like the 1:16:14.640 --> 1:16:16.679 street streets, but like with his friends, like don't we staying? 1:16:16.920 --> 1:16:20.200 You know? I was like, you know, they don't know 1:16:20.240 --> 1:16:22.040 where I live, babe, they don't know where I live. 1:16:22.400 --> 1:16:24.840 But and you're not gonna find nothing. But like so 1:16:25.160 --> 1:16:27.559 you know, target clothes, so run up and you can 1:16:27.600 --> 1:16:34.560 get done up. So what I learned now with the academy, 1:16:34.840 --> 1:16:37.479 what I realized is that you cannot budget your way 1:16:37.520 --> 1:16:40.080 to wealth. Right. So you can budget, you can say it, 1:16:40.120 --> 1:16:42.799 that's great, but at some point you have to elevate 1:16:42.800 --> 1:16:44.760 to the next level. And I realized that I had 1:16:44.800 --> 1:16:48.080 gotten to this level because of my especially my dad, 1:16:48.360 --> 1:16:51.880 and I realized that I need instruction, I need mentorship, 1:16:52.200 --> 1:16:55.800 I need experts, and so I started myself pulling people 1:16:55.840 --> 1:16:57.680 from the financial community to teach me how to do 1:16:57.800 --> 1:16:59.760 certain things, you know, like how do you invest in 1:16:59.760 --> 1:17:01.840 really state, how do you invest? Like what's the best 1:17:01.880 --> 1:17:04.040 for time, and like all these things that that didn't 1:17:04.160 --> 1:17:06.600 know ten years ago. I was pulling them in and 1:17:06.680 --> 1:17:09.679 I started to raise my own net worth from negative 1:17:09.680 --> 1:17:11.840 three hundred thousand when I lost the house and I 1:17:11.920 --> 1:17:13.639 had the credit card debt and the and the student 1:17:13.720 --> 1:17:17.479 loans to now like just over a million dollars, you know, 1:17:17.600 --> 1:17:19.840 like one point one or one point two right my 1:17:19.960 --> 1:17:23.080 net worth and so and I'm completely debt free, Like 1:17:23.160 --> 1:17:25.599 I don't owe nothing on this house. We owned two houses, 1:17:25.800 --> 1:17:27.960 two cars. We don't owe we don't have any credit 1:17:28.040 --> 1:17:30.920 card debt. We're for real debt free, you know. And 1:17:32.360 --> 1:17:34.720 so I thought to myself, as I was growing, and 1:17:34.760 --> 1:17:36.960 I'm teaching the women the basics, you know, a lot 1:17:36.960 --> 1:17:39.240 of the women were outgrowing the basics, So the basics 1:17:39.280 --> 1:17:42.280 I give away for free. So like the Facebook group Dreamcatchers, 1:17:42.320 --> 1:17:45.160 Live Richer with the Budgetista free, all of my challenge 1:17:45.240 --> 1:17:47.760 is free, you know, most of the information free. But 1:17:47.880 --> 1:17:51.000 I thought to myself, as I'm elevating and growing, I 1:17:51.160 --> 1:17:54.559 want to bring along my girls. And so they were 1:17:54.600 --> 1:17:56.240 asking me for more, but I'm like, well, that's not 1:17:56.280 --> 1:17:59.080 really my expertise. So I started to reach out to 1:17:59.080 --> 1:18:01.920 the people that helped me to elevate and said, could 1:18:01.920 --> 1:18:04.160 you teach a class? And I started to put these 1:18:04.200 --> 1:18:07.559 classes together, and I created the Live Richer Academy where 1:18:07.840 --> 1:18:10.960 it's like fifty or sixty different experts. Ash Cash our 1:18:11.000 --> 1:18:13.800 boy teaches. So I reach out to the best of 1:18:13.840 --> 1:18:16.000 the best of the best and we have classes and 1:18:17.000 --> 1:18:20.080 it's awesome, and we have thirty one thousand students inside 1:18:20.080 --> 1:18:22.719 the Liverature Academy. They be getting their life, buying houses, 1:18:23.240 --> 1:18:27.040 real estate, starting businesses, getting pressed lace and their kids. 1:18:27.080 --> 1:18:29.000 It's like it's amazing every day. And we have a 1:18:29.080 --> 1:18:32.240 private forum where people post their wins, like some of 1:18:32.240 --> 1:18:35.439 the winds are like tremendous credit scores raising and so 1:18:35.600 --> 1:18:37.680 we have these experts come in and teach and the 1:18:37.760 --> 1:18:39.920 Academy is just like a warm embrace and it's really 1:18:39.960 --> 1:18:43.640 there to help you elevate beyond the fundamentals to like 1:18:43.840 --> 1:18:46.120 truly start to grow wealth for yourself. That's what I 1:18:46.200 --> 1:18:48.559 want for us. And I'm proud of the Literature Academy. 1:18:48.600 --> 1:18:51.920 It's four years old. We just had our first seven 1:18:51.960 --> 1:18:55.680 figure month, and so so seven figures in a month, 1:18:55.680 --> 1:18:58.360 it's like, oh, that's cute, you know, but how much 1:18:58.439 --> 1:19:00.519 did you spend to get seven figures in month? So 1:19:00.640 --> 1:19:03.200 what I'm really proud of is like, not the end 1:19:03.200 --> 1:19:05.080 of this month, but we're on track by the end 1:19:05.080 --> 1:19:08.800 of next month to have seven figures recurring, meaning with 1:19:09.040 --> 1:19:13.920 no market spend, with no output except for salary and 1:19:14.240 --> 1:19:16.000 like bills and our salary and buils and things are 1:19:16.280 --> 1:19:17.960 I think last time she told me, my my CFO, 1:19:18.160 --> 1:19:21.599 it's under ten percent. So under ten percent of our 1:19:21.680 --> 1:19:26.360 total income goes to keeping this academy running without the 1:19:26.400 --> 1:19:30.519 market spend and will be recurring income. Will be seven 1:19:30.560 --> 1:19:32.160 figures by the end next month. Is We're right about 1:19:32.200 --> 1:19:35.040 eight hundred thousand dollars a month reoccurring. So that's like 1:19:35.120 --> 1:19:37.880 tremendous with no debt. And so I'm just proud of 1:19:37.920 --> 1:19:40.000 the academy, you know, like of like what we've been 1:19:40.000 --> 1:19:41.920 able to do and how many people we've been able 1:19:41.960 --> 1:19:44.599 to help. I mean, we've helped our audience save well 1:19:44.680 --> 1:19:46.880 over two hundred million dollars, pay off one hundred fifty 1:19:46.920 --> 1:19:50.280 million dollars worth of debt. We've transformed lives. Like yo, 1:19:50.360 --> 1:19:52.400 I can't go anywhere without some sister hemming me up 1:19:52.400 --> 1:19:54.600 and giving me a hug and crying and thank you 1:19:54.680 --> 1:19:56.840 so much. You know, even when I walk these streets, 1:19:56.880 --> 1:19:58.560 like people are like Hong Kong bunch of nieces that 1:19:58.680 --> 1:19:59.120 you I'm like. 1:19:59.200 --> 1:20:01.160 It is girl, keep cute, give me six feet. 1:20:01.800 --> 1:20:06.960 You're right, I want to be an example that you 1:20:07.040 --> 1:20:09.599 could do good work, that you can help good people 1:20:09.640 --> 1:20:12.200 and that you can make good money. That those things 1:20:12.240 --> 1:20:15.920 are not conflicting values. You know, like, you don't have 1:20:16.080 --> 1:20:18.800 to have a business that takes advantage of people. You 1:20:18.880 --> 1:20:22.120 could have a business that's transparent, that truly is of service, 1:20:23.320 --> 1:20:25.720 that transforms live that you know, that leans into the 1:20:25.760 --> 1:20:28.360 community that you want to speak to. We don't take advantage. 1:20:28.360 --> 1:20:31.120 I don't like every day a credit card company leans 1:20:31.160 --> 1:20:33.000 into me and says like, Yo, you know, we'll give 1:20:33.000 --> 1:20:35.280 you three hundred dollars a person if you sign them up, 1:20:35.280 --> 1:20:38.280 And I'm like, yo, kick rocks. I can make be 1:20:38.400 --> 1:20:41.280 making so much more money for all the people that 1:20:41.360 --> 1:20:42.920 come to me and ask me to like sell out 1:20:42.960 --> 1:20:45.400 my community. I'm like, nah, Yo, I don't want to 1:20:45.400 --> 1:20:46.640 make money in that way. I want to be an 1:20:46.680 --> 1:20:50.400 example that you can show up like you know, you 1:20:50.479 --> 1:20:54.000 can show up, be kind, keep your community first, and 1:20:54.160 --> 1:20:56.479 still make bank. Like you think, I'm not going to 1:20:56.520 --> 1:20:57.880 be like, Yo, we're on our way, Like our goal 1:20:58.040 --> 1:21:00.000 is nine figures. You think we're not gonna make it. Hell, yeah, 1:21:00.000 --> 1:21:01.800 we gonna make it and still be good to our 1:21:01.800 --> 1:21:04.360 community and pour back in because I set aside ten 1:21:04.400 --> 1:21:07.240 percent and pour right back into the community that we serve, 1:21:07.360 --> 1:21:10.000 so it's just a pleasure. So yeah, the Literature Academy 1:21:10.400 --> 1:21:13.479 is my jam, and we actually have something for your 1:21:13.560 --> 1:21:15.120 for y'all listeners who are wanted to be part of 1:21:15.160 --> 1:21:16.760 the Literature Academy. Like I said, we have some men 1:21:16.800 --> 1:21:19.040 in there. I'm sure they're been dragged by their girlfriends 1:21:19.040 --> 1:21:23.320 and there and their wives like, so anybody could join, 1:21:23.400 --> 1:21:25.000 Like I mean, like I say this a lot, but 1:21:25.080 --> 1:21:26.720 if you don't mind that, it's the same, like the 1:21:26.800 --> 1:21:28.960 same information for men and women is just that I 1:21:29.000 --> 1:21:31.200 would say ninety six percent of my audience are women. 1:21:31.560 --> 1:21:33.400 Come on, you're coming. 1:21:33.960 --> 1:21:35.280 Yeah, So for your. 1:21:35.200 --> 1:21:37.439 Audience, I actually gave y'all like like, if you were 1:21:37.479 --> 1:21:39.439 to go to Libature Academy dot com, you'll see the 1:21:39.479 --> 1:21:41.559 full price, but for your audience, I gave you guys 1:21:41.640 --> 1:21:44.880 a a forty percent off discount link for you could 1:21:44.920 --> 1:21:47.559 either pay monthly or you could pay get two months 1:21:47.600 --> 1:21:50.160 free if you pay annually and you just pay the 1:21:50.200 --> 1:21:53.800 one lump sum. So it's like a gym membership where 1:21:53.960 --> 1:21:55.680 like if you pay monthly, it comes out every month. 1:21:55.680 --> 1:21:57.680 I mean, you can cancel any time, obviously, but I 1:21:57.720 --> 1:21:59.519 don't like people to get the hot sometimes people like 1:21:59.560 --> 1:22:02.720 I sign up one month. I'm like says it's a membership, 1:22:04.360 --> 1:22:07.000 but you don't cantal but like you know, you signed 1:22:07.040 --> 1:22:07.920 up on a fifteen, it's back. 1:22:07.960 --> 1:22:09.000 I'll be back on the fifteen. 1:22:10.160 --> 1:22:12.800 People like I said, you can. 1:22:12.720 --> 1:22:15.680 Pay for the year and get and get get one 1:22:15.720 --> 1:22:17.760 month free. But it's forty percent off. So I don't 1:22:17.760 --> 1:22:19.080 know if I say it's to say price, because who 1:22:19.080 --> 1:22:20.320 knows when people are gonna listen to I mean, I 1:22:20.320 --> 1:22:22.559 don't plan on raising price anytime soon, so I'll say 1:22:22.600 --> 1:22:24.880 for now. So right now, it's it's fifty bucks a 1:22:24.960 --> 1:22:27.120 month if you were to go to liverature academy dot com. 1:22:27.200 --> 1:22:29.559 But if you use the link for earn your Leisure, 1:22:30.040 --> 1:22:32.599 it's not fifty bus a month. It's twenty nine ninety 1:22:32.640 --> 1:22:35.160 nine a month, So forty percent off that stipe twenty 1:22:35.240 --> 1:22:39.519 nine ninety nine a month for for for now, and then, 1:22:39.880 --> 1:22:43.360 like I said, the annual normally would have been I 1:22:43.439 --> 1:22:45.960 think like five hundred dollars or six hundred dollars for 1:22:46.040 --> 1:22:49.320 the year, but for your leisure it's uh two hundred 1:22:49.360 --> 1:22:50.920 and ninety nine dollars, so three hundred bucks for the 1:22:50.920 --> 1:22:53.760 whole year because you get two months free and so yeah, 1:22:53.800 --> 1:22:55.439 I mean all of that value. I'll say this. I 1:22:55.479 --> 1:22:57.720 always tell people, like twenty nine ninety nine a month, 1:22:57.840 --> 1:23:00.479 right for the forty percent off. That's a dollar dad. 1:23:00.760 --> 1:23:03.720 You know so many people like my attorney is in there, 1:23:04.040 --> 1:23:07.519 like you can't even like speak his name for a dollar. 1:23:08.120 --> 1:23:10.600 You know, like if he does a contract for me, 1:23:10.680 --> 1:23:14.240 I gotta be like dang ariy word like the homy 1:23:14.320 --> 1:23:18.920 hookup for he did a contract for me was three 1:23:18.960 --> 1:23:21.240 thousand dollars. That was the homey hookup. And he's in 1:23:21.320 --> 1:23:26.680 there teaching. You know, my my CFO Shanta, she is 1:23:26.760 --> 1:23:28.600 the dopest. She just did a whole class about how 1:23:28.600 --> 1:23:30.400 to set up your business. So you want to hire Shanta. 1:23:30.600 --> 1:23:32.840 You know, I pay Shanta six figures. You Bay had, 1:23:33.080 --> 1:23:35.719 You're not even You're getting Shanta, You're getting the Tivit, 1:23:35.760 --> 1:23:37.960 You're getting ash cash, You're getting all these amazing people. 1:23:38.240 --> 1:23:40.880 My girl Sandy, who teaches you had a side, hustle 1:23:40.920 --> 1:23:42.760 and make money on the side. My girl Tila, who 1:23:42.760 --> 1:23:44.479 teaches you, like you do you want to invest in 1:23:44.760 --> 1:23:47.120 in stocks, individual stocks and learn how to trade options. 1:23:47.200 --> 1:23:48.800 She teaches that, Like yo, you want to work with 1:23:48.840 --> 1:23:51.439 Tila it's fifteen hundred dollars. I believe she might actually 1:23:51.479 --> 1:23:54.240 charge two thousand for her course. But what makes the 1:23:54.240 --> 1:23:57.640 Accounty special is that everyone in my community knows how 1:23:57.720 --> 1:23:59.479 much I want to pour into the community, so they 1:23:59.520 --> 1:24:01.680 donate their time to us. Like that's because there's no 1:24:01.760 --> 1:24:04.040 way I could make the academy thirty bucks a month 1:24:04.120 --> 1:24:06.880 in a way, because they're like if I had to 1:24:07.040 --> 1:24:09.880 pay each of those folks for what they're what they're worth, 1:24:10.240 --> 1:24:12.320 but they want to pour back into a community that 1:24:12.400 --> 1:24:14.639 they know might not otherwise be able to afford their 1:24:14.760 --> 1:24:17.280 level of expertise. And so they're like, Tiffany, I got you. 1:24:17.800 --> 1:24:19.479 You know, I'm gonna come, I'm gonna teach my class, 1:24:19.560 --> 1:24:21.320 and I'm gonna make sure that folks get it. And 1:24:21.439 --> 1:24:23.960 so yeah, it's just a blessing like it's and when 1:24:24.120 --> 1:24:26.960 you get that level of commitment, when you get that 1:24:27.120 --> 1:24:29.599 intention poured into you, like the sky is the limit. 1:24:29.640 --> 1:24:31.400 Like I said, we have thirty one thousand members right now, 1:24:31.880 --> 1:24:34.280 about three hundred new, hundred three people, three hundred people 1:24:34.360 --> 1:24:36.800 knew join the day, and it's like a love that's 1:24:36.880 --> 1:24:39.559 in there. So yeah, get your get your forty percent off, 1:24:39.600 --> 1:24:42.080 you use their link and I'll see you in the academy. 1:24:42.160 --> 1:24:44.320 Nah, I appreciate it. I appreciate you doing that for us. 1:24:44.439 --> 1:24:49.120 And yeah, it's it's always a blessing to just to 1:24:49.240 --> 1:24:51.120 meet people. And like I said, I checked it out. 1:24:51.120 --> 1:24:54.320 I actually checked it out and it's super official. So 1:24:54.400 --> 1:24:57.600 if anybody's interested, like like Tiffany said, you know, she 1:24:57.760 --> 1:25:00.479 was kind enough to give us a special discount for 1:25:00.560 --> 1:25:03.240 ey L. So we're putting the link in the bio 1:25:03.800 --> 1:25:06.559 or the description if you're listening on Apple or Spotify, 1:25:06.600 --> 1:25:08.519 if you're watching on YouTube, being description. It also be 1:25:08.600 --> 1:25:12.200 on our website on our e y L Alumni tap, 1:25:13.280 --> 1:25:15.400 so you can go to EYO Alumni tap on e 1:25:15.560 --> 1:25:19.680 y L or Alesia dot com and we'll have the 1:25:19.760 --> 1:25:22.240 links everywhere. So once again, thank you for that. I 1:25:22.240 --> 1:25:22.760 appreciate it. 1:25:23.120 --> 1:25:24.680 Appreciate you earners. Take advantage of. 1:25:24.760 --> 1:25:28.559 How can people contact you on social media? Any new 1:25:28.600 --> 1:25:31.320 initiatives that you want to make the people aware of. 1:25:32.240 --> 1:25:37.519 So yeah, I am the Budgetnista everywhere, the Budgetista on Instagram, 1:25:37.960 --> 1:25:41.040 on Facebook, on Twitter, or even on TikTok. But I 1:25:41.080 --> 1:25:45.200 am not tiktoking. Ain't gonna be attacking under my name. 1:25:45.240 --> 1:25:50.520 Don't Rush, don't rush challenge, I know, right, so Twitter. 1:25:50.320 --> 1:25:53.479 Everywhere, I'm the budget Nesta. My favorite partment probably right 1:25:53.479 --> 1:25:55.800 now is like Instagram, but like you know, you can 1:25:55.840 --> 1:25:56.400 follow me there. 1:25:56.680 --> 1:25:59.080 But congrats on three hundred thousand thank you. 1:25:59.240 --> 1:26:03.599 Yeah right, I was, like I made it, so yeah, 1:26:03.840 --> 1:26:05.760 so I'm Also it's just the budget lista dot com 1:26:05.840 --> 1:26:07.280 so if you're looking for resources, and so I have 1:26:07.320 --> 1:26:08.800 a ton of resources. One of my things is that 1:26:09.479 --> 1:26:10.920 my biggest thing is you don't have to spend money 1:26:10.960 --> 1:26:13.439 with me to get help. Like when you're a teacher, 1:26:13.479 --> 1:26:14.680 and you are a teacher for real, for real, you 1:26:14.720 --> 1:26:16.840 know you're like, I can't help, but teach you catch 1:26:16.880 --> 1:26:20.920 me at the Whole Food bougie about the oranges like 1:26:21.000 --> 1:26:23.360 a girl, and that's how you fix your credit, like 1:26:23.439 --> 1:26:27.600 I can't help it. Like results, like a teacher is 1:26:27.600 --> 1:26:29.960 truly a calling. So I always say like, because I 1:26:30.000 --> 1:26:31.840 know not everybody. I mean, for some people, thirty dollars 1:26:31.840 --> 1:26:34.600 a month is too much, you know. So I have 1:26:34.640 --> 1:26:36.400 a ton of free resources to help you get and 1:26:36.439 --> 1:26:39.040 stay on financial track. So so I believe of service first. 1:26:39.680 --> 1:26:42.160 So yeah, the budget lista everywhere, but like probably my 1:26:42.280 --> 1:26:45.320 most exciting new product I have a ton of hooks, 1:26:45.360 --> 1:26:47.720 but you can type in budget Eista on Amazon and 1:26:47.760 --> 1:26:50.080 find them. But this is my baby. I don't know 1:26:50.080 --> 1:26:53.400 if they can see my baby. So her name is 1:26:53.439 --> 1:26:55.840 Molly Moore, and I said, Okay, how do I go 1:26:55.880 --> 1:26:58.240 back to my preschool teacher roots and come for the 1:26:58.280 --> 1:27:00.760 babies and start teaching pre finance to education in a 1:27:00.800 --> 1:27:05.160 way that's age appropriate. So for the last like forever years, 1:27:05.160 --> 1:27:08.400 I've been working on this book and this character. So 1:27:08.520 --> 1:27:11.920 it's gonna be the first of many of her series, 1:27:12.360 --> 1:27:15.280 and it's called Happy Birthday Molly Moore. And this book 1:27:15.280 --> 1:27:18.920 in particular teaches kids the difference between more and like 1:27:19.000 --> 1:27:21.880 what truly does more mean more present, more stuff or 1:27:21.920 --> 1:27:24.400 mere family, more friends. So at the end, because you know, 1:27:24.439 --> 1:27:26.560 the teacher me like, I can't just like have a 1:27:26.640 --> 1:27:29.040 book and it's like a cute book. At the back 1:27:29.080 --> 1:27:31.760 of the book, I actually have like a section where 1:27:31.880 --> 1:27:35.320 it's like extend the lesson questions and extend the lesson activities. 1:27:35.360 --> 1:27:37.280 So you as a parent can read the book and 1:27:37.360 --> 1:27:39.320 be like, Okay, how do I make sure that my 1:27:39.439 --> 1:27:42.759 kid gets the lesson about what this book is supposed 1:27:42.760 --> 1:27:44.639 to teach? So or if you're a teacher an educator, 1:27:44.680 --> 1:27:46.160 You're like, oh, I don't feel like making a whole 1:27:46.200 --> 1:27:48.080 lesson plan. You're in gots to girl. I did it 1:27:48.160 --> 1:27:53.200 for you exactly for real, and I aligned it with like, 1:27:53.280 --> 1:27:55.120 you know, state and federal standards on purpose, so that 1:27:55.160 --> 1:27:57.000 way makes it easy for you. And so I'm just 1:27:57.080 --> 1:27:59.479 so proud of it because it just is like me 1:27:59.600 --> 1:28:02.280 going back to my roots. And yeah, so Molly Moore, 1:28:02.280 --> 1:28:05.000 it's available at mollymore dot com. M A l I 1:28:05.320 --> 1:28:07.240 m O r E. So I figured Molly, you know, 1:28:07.320 --> 1:28:10.519 you think like, oh Molly, no, Molly, like the African 1:28:10.560 --> 1:28:11.960 country and A L I. 1:28:12.479 --> 1:28:14.240 That's the first that's the first thing I thought about. 1:28:14.800 --> 1:28:17.720 What I thought Now, I was like, now her name 1:28:17.800 --> 1:28:19.240 is Molly. And I did it on purpose because I 1:28:19.320 --> 1:28:22.800 was like, Dora is just Spanish enough. So I was like, well, 1:28:22.800 --> 1:28:24.599 how could I do that for my little black baby? 1:28:25.000 --> 1:28:26.960 And so yeah, m A l I m O r E. 1:28:27.160 --> 1:28:28.640 But I'm just really proud of her because it's just 1:28:28.880 --> 1:28:30.920 it's been literally like over ten years in the making. 1:28:31.120 --> 1:28:33.439 This book has been in my head and to have 1:28:33.640 --> 1:28:36.240 this physically in front of me. We did a Kickstarter 1:28:36.680 --> 1:28:38.679 and we raised like seventy five thousand dollars. I couldn't 1:28:38.680 --> 1:28:41.280 even believe it in my damn self, almost double what 1:28:41.360 --> 1:28:44.320 we were asking for. When I tell you already major 1:28:44.400 --> 1:28:46.439 networks have reached out about turning her into a show. 1:28:46.720 --> 1:28:46.960 Wow. 1:28:47.720 --> 1:28:49.760 Yeah, it's crazy, you know when you really step in, 1:28:49.920 --> 1:28:52.040 Like if I could leave anybody with anything, It's like, Yo, 1:28:52.439 --> 1:28:55.479 there's nothing special about me except for my relentless pursuit 1:28:55.720 --> 1:28:58.439 for excellence. I'm like, yo, it could always be better. 1:28:58.640 --> 1:29:00.680 Everyone on my team is a freaking beast, so much 1:29:00.720 --> 1:29:02.719 so I call them Unicorn Shout out to the Unicorn 1:29:02.760 --> 1:29:06.760 Squad because they make magic happen every day. So like I, 1:29:07.320 --> 1:29:09.120 I mean, I think I'm smart enough. I think everything 1:29:09.160 --> 1:29:11.599 in me is like h enough, Like I'm smart enough, 1:29:11.800 --> 1:29:15.400 like B plus smart, be smart. You know, I'm chill, 1:29:15.560 --> 1:29:18.280 chill enough. You know I'm cute enough, you know, But 1:29:18.479 --> 1:29:20.920 like what makes me sets me apart is like yo, 1:29:21.840 --> 1:29:26.160 can't stop, won't stop, relentless pursuit of excellence. Though this 1:29:26.280 --> 1:29:28.519 book is ten years in the making. Who works on 1:29:28.560 --> 1:29:30.600 something for ten years? I do because it was going 1:29:30.680 --> 1:29:33.040 to be right And as soon as I open the floodgates. 1:29:33.080 --> 1:29:35.000 If I tell you some of your faves have reached out, 1:29:35.240 --> 1:29:36.960 Like I got a production company I would love for 1:29:37.080 --> 1:29:40.000 Molly Moore. Yo. When I just posted the screenshot, book 1:29:40.080 --> 1:29:42.680 wasn't even printed yet, already had like three deals on 1:29:42.720 --> 1:29:46.160 a table. I'm like, what so I if I can 1:29:46.240 --> 1:29:47.000 leave you with anything? 1:29:47.160 --> 1:29:47.280 Is that? 1:29:47.479 --> 1:29:50.720 Like yo? The relentless pursuit of excellence. And it's not 1:29:50.800 --> 1:29:53.960 about killing yourself. It's about daily deposits. What is it 1:29:54.040 --> 1:29:56.800 that you want out of life? Write that mess down 1:29:57.360 --> 1:30:02.080 and deposit into your dream band daily, like, oh you 1:30:02.160 --> 1:30:03.600 know I want I want a business? Okay, did you 1:30:03.640 --> 1:30:05.840 do your Google search today? Did you read? Did you 1:30:05.920 --> 1:30:08.800 listen to earn your leisure today? Did you read a book? 1:30:08.960 --> 1:30:12.600 You know? Every day depositing something into your goals and 1:30:12.720 --> 1:30:15.120 dreams and the sky is a freaking limit, like yo, 1:30:15.560 --> 1:30:16.960 some of the things I've been able to accomplish you. 1:30:17.040 --> 1:30:18.760 I used to be a preschool teacher ten years ago. 1:30:18.760 --> 1:30:21.400 I was wiping butts during this time, right, And now 1:30:21.520 --> 1:30:23.880 you know I could pay somebody to wipe my butt if. 1:30:23.840 --> 1:30:24.200 I wanted to. 1:30:25.160 --> 1:30:25.960 That's an option. 1:30:27.800 --> 1:30:28.719 Everything's on the table. 1:30:31.040 --> 1:30:32.200 Have you got the cash? Right? 1:30:32.960 --> 1:30:35.120 Teddy said that everybody's got price. 1:30:35.200 --> 1:30:41.960 Somebody gotta be Virgil learned that in the eighties that 1:30:42.320 --> 1:30:48.200 fact eighties babies for real. Troy housekeeping eye on me. 1:30:48.240 --> 1:30:51.160 Yeah, man, shout out to everybody on patreon dot com. 1:30:51.400 --> 1:30:53.800 Big shout out to our newest member, Anthony. He said, 1:30:53.840 --> 1:30:55.720 listen to Troy. Can you do me a favor? Let 1:30:55.760 --> 1:30:58.479 the world know that I came to Patreon because of Janet, 1:30:58.520 --> 1:31:01.080 who was part of Ernia Leeza Universe. She is an 1:31:01.160 --> 1:31:05.040 outstanding contributor to e y l U. So shout out 1:31:05.040 --> 1:31:07.880 to Janet for recommending Anthony, and welcome to the family, Anthony. 1:31:08.200 --> 1:31:10.080 That's our proud to pay program. We have a bunch 1:31:10.080 --> 1:31:12.080 of tiers that you can join that and some of 1:31:12.120 --> 1:31:13.720 those tiers lead you to e y l u. And 1:31:13.800 --> 1:31:15.800 they also lead you to our private real estate real 1:31:15.880 --> 1:31:18.760 estate uh Facebook group who was which is headed by 1:31:18.840 --> 1:31:20.360 our brother MG the mortgage guys. 1:31:20.360 --> 1:31:23.400 Shout out to him. Yeah, that group is I mean, 1:31:23.840 --> 1:31:25.120 I can't even with a number. 1:31:25.160 --> 1:31:27.439 We should do some kind of collapse. We got EYO 1:31:27.600 --> 1:31:29.600 University in a private real estate group on Facebook. I 1:31:29.680 --> 1:31:32.880 know you got obviously you know the whole movement. Yeah, 1:31:32.920 --> 1:31:33.280 we'll talk. 1:31:33.920 --> 1:31:36.560 Yeah, that would be that would be crazy. Yeah, the 1:31:36.600 --> 1:31:37.720 community is growing. 1:31:37.560 --> 1:31:42.000 At a vast, very fast race and uh shout everybody 1:31:42.040 --> 1:31:44.559 that is purchasing the merch like the merchant is flying 1:31:44.840 --> 1:31:47.519 like out the slows right now. So everybody that's been 1:31:47.560 --> 1:31:50.759 supporting that, we appreciate it. We got our Market Mondays 1:31:50.800 --> 1:31:53.280 coming out the shirts and we got our earner shirts 1:31:53.320 --> 1:31:53.599 coming out. 1:31:53.600 --> 1:31:54.280 Shout to our. 1:31:54.200 --> 1:31:58.400 Group market market Mondays, the hottest stock show on the world, 1:31:58.439 --> 1:31:59.960 in the community in the world. 1:32:00.040 --> 1:32:01.160 It's not the community in the world. 1:32:03.520 --> 1:32:04.599 Heavyweight champion of the world. 1:32:04.600 --> 1:32:08.160 You know what, You're right. I apologize, we're taking it 1:32:08.400 --> 1:32:09.520 every community. 1:32:10.600 --> 1:32:14.120 But yeah, every Monday a PM Easter Standard time, exclusively 1:32:14.160 --> 1:32:16.920 on our YouTube channel. Shot out to Ian Dunlap master investor. 1:32:17.479 --> 1:32:20.400 That's picking up so much team, it's crazy. 1:32:20.680 --> 1:32:23.400 Every week we set a new record of attendance for sure. 1:32:23.520 --> 1:32:26.360 So once again, guys, thank you for rocking with us. 1:32:26.400 --> 1:32:27.760 We appreciate it. See you next week. 1:32:27.920 --> 1:32:32.760 Peace, Peace, You just realized your business needed to hire 1:32:32.800 --> 1:32:38.400 someone yesterday. How can you find amazing candidates fast? Easy? 1:32:38.960 --> 1:32:42.280 Just use Indeed stop struggling to get your job posts 1:32:42.320 --> 1:32:46.040 seen on other job sites. With Indeed sponsored jobs, your 1:32:46.080 --> 1:32:48.040 post jumps to the top of the page for your 1:32:48.080 --> 1:32:51.400 relevant candidates. 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