Speaker 1: Hey va, fam, it's Mandy Money here. Now. I believe
Speaker 1: that we all have a unique superpower in life, me personally.
Speaker 1: I was lucky enough to discover mine about ten years ago.
Speaker 1: I was just a few years into my career as
Speaker 1: a financial journalist. I had spent weeks I was interviewing
Speaker 1: at this huge media company which you guys may or
Speaker 1: may not have heard of, called Yahoo, and they wanted
Speaker 1: to poach me. I suspected that I was underpaid at
Speaker 1: the time, and I was ready to finally tip the
Speaker 1: scales back in my favor. I plucked up every kernel
Speaker 1: of courage I had and I negotiated the hell out
Speaker 1: of that offer. In the end, I walked away super
Speaker 1: victorious with a twenty eight thousand dollars salary bump and
Speaker 1: a forty five thousand dollars batch of equity, and from
Speaker 1: that point on I never looked back. That was the
Speaker 1: day that I learned my superpower was being able to
Speaker 1: fight through my fear and my doubts, leverage my skills
Speaker 1: as a storyteller and business reporter, negotiate like a bad ass. Now,
Speaker 1: those negotiation skills propelled me to a multiple six figure
Speaker 1: salary before the age of thirty. But that would not
Speaker 1: be that exciting if I couldn't help y'all as well.
Speaker 1: So that's why for the past year and a half,
Speaker 1: I have coached hundreds of women from across the US
Speaker 1: and beyond in their job searches and their salary negotiations.
Speaker 1: And the wins that I have seen y'all secure incredible,
Speaker 1: like an attorney who I helped get a ten thousand
Speaker 1: dollars salary bump and a fifteen thousand dollars signing bonus
Speaker 1: just this past March. And another woman named Rose who
Speaker 1: used my negotiation scripts to score three thousand dollars more
Speaker 1: from a recent job offer. Y'all, these wins have showed
Speaker 1: me that I am meant to do this work, and
Speaker 1: I am so excited that I am going to be
Speaker 1: relaunching my sold out masterclass called Nail Your Negotiation. The
Speaker 1: Masterclass five steps to negotiate like a bad ass and
Speaker 1: never leave money on the table again. I'm going to
Speaker 1: be coming to you live with this masterclass on Tuesday,
Speaker 1: November eighth at eight pm Eastern Standard time. Check the
Speaker 1: show notes for a link to register. Y'all. My first
Speaker 1: masterclass last month completely sold out. We were turning away
Speaker 1: people at the virtual door. You do not want to
Speaker 1: miss out on this, so definitely register. Go to Nail
Speaker 1: your Negotiation dot Com to grab your seats. I hope
Speaker 1: to see y'all there. Here's what I'm going to be
Speaker 1: covering in this masterclass. You're going to learn how to
Speaker 1: finally get over your fear of negotiating, how to brand
Speaker 1: yourself so you can attract the juiciest job offers, how
Speaker 1: to figure out what to ask for before you negotiate,
Speaker 1: how to nail that interview so they practically throw money
Speaker 1: at you, And last but not least, how to rock
Speaker 1: that counteroffer and you leave no crumbs behind. Plus, live
Speaker 1: attendees are going to get a free bonus negotiating cheat
Speaker 1: sheet that's going to make it super easy to calculate
Speaker 1: your target salary, so you go into a negotiation strong
Speaker 1: knowing your value. Let's do this, y'all. Join me November
Speaker 1: eighth at eight pm for the Nail your Negotiation Masterclass again.
Speaker 1: Grab your seat. They are limited. Only five hundred seats
Speaker 1: are open. Go to Nail Yournegotiation dot Com to grab
Speaker 1: your seat and I will see y'all their moneymakers.
Speaker 2: Dinna Duna duh.
Speaker 1: It's the bag A C A, y'all. I can't believe
Speaker 1: I just did that. Tiffany, please come back. Y'all know
Speaker 1: I'm not good at singing the intros to the show,
Speaker 1: but that was my staff. Y'all. It is B A
Speaker 1: Q and A Friday, and I'm so excited to be
Speaker 1: sharing a very special edition of our brand Ambission Q
Speaker 1: and A with y'all this week. These questions were answered
Speaker 1: during our live Halloween special where we were joined by
Speaker 1: the incredible Delianbarrows from Delianne Money Coach and Mark Russell,
Speaker 1: my baby brother from another mother, Mark Russell from Betterwallet
Speaker 1: join us live in the Brand and Mission Studio on YouTube.
Speaker 1: We were able to take some questions from the crowd
Speaker 1: live on air and we have got those Q and
Speaker 1: A for y'all today. But don't forget. You can send
Speaker 1: me your question and you can be a part of
Speaker 1: the Brown Ambition Show. We'd love to have you. Why
Speaker 1: don't you go to IG right now, give us a follow,
Speaker 1: slide into our DMS and submit any questions you have
Speaker 1: on finances, career, business, whatever it may be. We are
Speaker 1: your financial besties. We can't wait to hear from y'all
Speaker 1: and without further ado, let's get on into this spooky
Speaker 1: b A Q and A and I promise I'll stop
Speaker 1: singing now. Okay, Christina has a question in the chat.
Speaker 1: Let's see what is ooh good one. I don't even
Speaker 1: know the answer to this one. What's really going on
Speaker 1: with the student loan forgiveness? This is Biden's do loan
Speaker 1: forgiveness plan. There's so much being said, but nothing is
Speaker 1: really clear. It is giving very much like Public Service
Speaker 1: loan forgiveness, which was so like it was released and
Speaker 1: then it was super confusing when people actually, you know,
Speaker 1: took their tenures and they could apply for it. It
Speaker 1: was all very like opaque. But like, let's let's set
Speaker 1: the context. So Biden announced this a month ago. Now
Speaker 1: was it in September? August?
Speaker 2: Are we talking because two different things? Are we talking
Speaker 2: about the PSL up forgiveness? I start we talking about
Speaker 2: the ten to twenty thousand dollars long.
Speaker 1: One talking about the ten to twenty k Yeah, I
Speaker 1: was just like comparing it to just how confusing that
Speaker 1: whole forgiveness process was. Yeah, but they announced it in
Speaker 1: August and now there's a lawsuit, right like they're being
Speaker 1: fought in court as we know, what do you guys
Speaker 1: know about the latest with the potential for this you know,
Speaker 1: incredible program which everyone was so excited about the ultimate
Speaker 1: fate of it.
Speaker 2: Well I'm hearing that like they're still very optimistic about
Speaker 2: it and that they're going to start issuing payments soon hopefully.
Speaker 2: But it's stuck right now at the Eighth Circuit. Right,
Speaker 2: So the district court is like, there's levels to lawsuits.
Speaker 2: So they came in at the district court level. That
Speaker 2: judge was like, we're throwing this out. You guys have
Speaker 2: no standing, which means like you're not being injured by this,
Speaker 2: So if you can't prove injury, we're going to throw
Speaker 2: this out. And so they did. But then they appealed
Speaker 2: it to the Eighth Circuit. And this was intentional by
Speaker 2: the Republic who file this lawsuit. They specifically filed it
Speaker 2: in the Eighth Circuit, which is a very conservative circuit
Speaker 2: because they thought that the judges would be more open
Speaker 2: to their arguments. And so now it's stuck at the
Speaker 2: Eighth Circuit. They're reading the briefs, they're hearing arguments, and
Speaker 2: they're going to make a decision of whether or not
Speaker 2: they're going to pause the program permanently or they're going
Speaker 2: to let it continue. So the good news is that
Speaker 2: even the Supreme Court has already preemptively rejected any challenge
Speaker 2: to it. So now you've got the Supreme Court rejecting it,
Speaker 2: the District Court rejecting it, and now it's just the
Speaker 2: Eighth Circuit Court in the middle. But from everything that
Speaker 2: I'm reading from the Biden administration, they're still very optimistic
Speaker 2: this is going to go forward. So until we know otherwise,
Speaker 2: I would try to like not panic this. Again, it's
Speaker 2: one of those things that it's out of our control.
Speaker 2: It's out of our hands, So there's no point in
Speaker 2: panicking about it. As soon as there's something new that's
Speaker 2: going to be posted about it, I guarantee you you
Speaker 2: will care about it because every social media platform is
Speaker 2: talking about it. We are all on top of it.
Speaker 2: If you follow any of us.
Speaker 1: Follow these two especially, could.
Speaker 3: You talk amongst each other just trying to figure out
Speaker 3: like are we on the same page? Like okay, like
Speaker 3: what are you talking about?
Speaker 2: What're you talking about?
Speaker 3: But yeah, I mean, like the lawsuits coming through and
Speaker 3: just going through the different I didn't even know all
Speaker 3: that dealy answer. Thank you for providing some context. But yeah,
Speaker 3: I mean I think it just comes down to just politics,
Speaker 3: which unfortunately they have to go through before there was
Speaker 3: any relief.
Speaker 2: I always say money's political, and this is a perfect example, right,
Speaker 2: Like this is literally we're right before the midterms. Both
Speaker 2: sides are being you know, catered to in their way,
Speaker 2: so top of politicians do politicians are going to a politician,
Speaker 2: you know, like you can't like you can't blame them
Speaker 2: for doing exactly that's what.
Speaker 1: We want, right, I'm like, we voted for you do
Speaker 1: some stuff like when we get a little dance, you
Speaker 1: promised us you had some moves, mister Joe, and he's
Speaker 1: finally doing it, and everyone's like, yeah, he's just doing
Speaker 1: it because it's midterms. I'm like, yeah, that's the whole thing.
Speaker 1: That means that he's afraid of our power as voters
Speaker 1: and he needs to.
Speaker 2: But it's also what he campaigned on and what he promised,
Speaker 2: so he's trying to deliver on that promise. Otherwise, like
Speaker 2: what was the point of us, you know, like taking.
Speaker 3: Your word for that exactly. I think the big CTA
Speaker 3: or call the action is like, make sure you're applying.
Speaker 3: I think there are so many people out there that
Speaker 3: are not applying, and the time is now, the applete
Speaker 3: from the last time I checked, the applications are still open.
Speaker 3: You can go and apply for student loan debt forgiveness.
Speaker 3: And again to Delian's point, like control what you can
Speaker 3: and you know, hopefully if everything pushes through, then you
Speaker 3: end up gaining that you know, ten I guess ten
Speaker 3: to twenty thousand dollars with debt relieved, which can help
Speaker 3: out a significant amount of Americans.
Speaker 1: Yeah. Yeah, my sister is so excited. I think she's
Speaker 1: getting like eighteen thousand between her and her husband, eighteen
Speaker 1: thousand forgiven. And I mean that's a game changer for
Speaker 1: them because she works in healthcare and they don't pay
Speaker 1: them nearly enough, nearly enough. Should we take one more question?
Speaker 1: Let's see John has a question the chat. With the
Speaker 1: holidays coming up and having a big family, what's the
Speaker 1: best way to budget for buying gifts while still having
Speaker 1: enough to take care of bills. I would consider like
Speaker 1: going after Halloween and starting your shopping. You little late John,
Speaker 1: you got to get in there early.
Speaker 2: Budget.
Speaker 1: I'm feeling like shopping in July, like this will be
Speaker 1: good for so and so, and start like that's my
Speaker 1: my strategy is like by throughout the year and then
Speaker 1: try not to forget where you put the stuff. That's
Speaker 1: my strategy. What do y'all say?
Speaker 2: I would say, I no longer buy toys for my
Speaker 2: friend's kids. Sorry, thank you enough. I contribute to their
Speaker 2: five twenty nines. I'm like, you're set up a five
Speaker 2: twenty nine. If so, I will happily contribute to it.
Speaker 2: And you know that's my vibe now, and I I
Speaker 2: think that that is it's been. The parents are very
Speaker 2: grateful for it. It's not awkward at all. You get
Speaker 2: to also educate your friends on it if they don't
Speaker 2: know what a five twenty nine is. And that's been
Speaker 2: my strategy for a couple of years now.
Speaker 3: Yeap, totally agree. Either a five twenty nine or I
Speaker 3: just give people money, like my sisters know every single
Speaker 3: year I have five older sisters. I'm like, you guys
Speaker 3: are getting money because I don't know. First of all,
Speaker 3: I don't know what the hell you want. Second of all,
Speaker 3: like I much rather just give you cash, because I'm
Speaker 3: sure you much rather have fifty dollars than me pay
Speaker 3: one hundred dollars.
Speaker 1: For a product that you don't want.
Speaker 3: So that allowed me to decrease how much I spend
Speaker 3: during the holiday season. But when you think, when you
Speaker 3: think about twenty twenty three, I talk all the time
Speaker 3: on the platform, you know, make sure you're setting up
Speaker 3: a sinking funder, a Christmas fund. I mean, twenty dollars
Speaker 3: a week for fifty two weeks. It's more than one
Speaker 3: thousand dollars that you could have for your kids or
Speaker 3: for family that you can either give out or you
Speaker 3: can buy toys, whatever it is, while not having to
Speaker 3: think about, Okay, well how am I going to find
Speaker 3: the money that I need in order to pay for
Speaker 3: not only gifts but also the life expenses that I have.
Speaker 3: So planning for Christmas starts on December, or Christmas of
Speaker 3: next year starts December twenty sixth, right, So like, just
Speaker 3: keep that in mind as you're planning out, you know,
Speaker 3: Christmas gifts and everything. I think that was the only
Speaker 3: money tip my mom has ever taught me, is like
Speaker 3: to build a sinking fund, their Christmas fund.
Speaker 1: You call the thinking fund.
Speaker 3: Sinking Yeah, yeah.
Speaker 1: Interesting, the sinking fund, all right, I feel like for
Speaker 1: big families, if you have young kids, it's so hard though,
Speaker 1: because I see the ads now coming up on YouTube.
Speaker 1: I had to invest in the ad for YouTube kids
Speaker 1: for Rio because my son, because I was like, he's
Speaker 1: going to be inductrinated to want these toys. So the
Speaker 1: ads come up and then their minds change all the time.
Speaker 1: So I really can empathize with parents who are like, wait,
Speaker 1: you said you were into Paw Patrol and July. Well
Speaker 1: now it's December and it's all about I don't know,
Speaker 1: like my Little Pony or whatever the kids are watching
Speaker 1: these days, Blippy or these random Russian children who open
Speaker 1: up toys and are bajillionaires on YouTube. But for me,
Speaker 1: experience as rule. So I think having conversations when the
Speaker 1: kids are old enough about what do you value? Do
Speaker 1: you want If you want a toy, Okay, here's our budget.
Speaker 1: We're gonna you can have toys and things. But what
Speaker 1: if we put the same money we would put into
Speaker 1: gifts into a family experience and maybe it's going on
Speaker 1: a cruise or you know, going on a road trip
Speaker 1: or a vacation or something. I hope that I can
Speaker 1: create the kind of we were so gift obsessed as
Speaker 1: kids in my household like and I, And it makes
Speaker 1: me so sad because my parents, especially my mom. I
Speaker 1: was raised by a single mom and she had four kids,
Speaker 1: and I'm just like my heart breaks for her having
Speaker 1: these greedy ass little kids landing toys, and I'm just
Speaker 1: like want to go back and just squeeze my little
Speaker 1: self like stam it, but I want to create, like
Speaker 1: I don't know, to household where it's about those experiences,
Speaker 1: and we recognize that it's a trade off. You know,
Speaker 1: things you can't take with you, but these experiences as
Speaker 1: a family, you know, we won't get back.
Speaker 2: I recently tweeted something where I said, you know, I
Speaker 2: grew up poor and my parents did the best that
Speaker 2: they could. But at the end of the day, I
Speaker 2: don't think about like the gifts or the things that
Speaker 2: I didn't get. I think about all of the time
Speaker 2: that I wanted with them but didn't have because my
Speaker 2: parents were working all the time, and when they were home,
Speaker 2: they were always tired. Like my parents were always exhausted.
Speaker 2: My mom couldn't even sit for a movie with us,
Speaker 2: like she would immediately fall asleep, you know, So I
Speaker 2: would rather they work less and spend more quality time
Speaker 2: with us and not buy you know, gifts or so
Speaker 2: many gifts. I feel the pressure to like keep up
Speaker 2: because at the end of the day, like, that's what
Speaker 2: I remember is just how exhausted they were all the time.
Speaker 2: So I think at the end of the day, and
Speaker 2: that's what most kids want, they just want quality time.
Speaker 2: They want your attention more than you know. When they're
Speaker 2: opening the gift, they're like, are you looking at me
Speaker 2: opening the gift? Want your attention, you know, So give
Speaker 2: them your undivided attention. That is the best gift you
Speaker 2: can give them.
Speaker 1: Or if your mark, just throw money at them. So
Speaker 1: let's a little brother move right there. If it's not cash,
Speaker 1: it's like, here's a bath and body, You're welcome.
Speaker 3: I have no clue, absolutely no clue we want.
Speaker 1: And no time to figure it out, I guess anyway. Oh,
Speaker 1: this has been so fun. Okay, let's take a quick
Speaker 1: breaking break and we'll be right back with more of
Speaker 1: our special Halloween Treat edition of the ba Q and
Speaker 1: a let's pivot because I have a fun little segment.
Speaker 1: We're gonna call this brand ambition trick oh treat. So
Speaker 1: I'm going to ask you, guys. I'm going to run
Speaker 1: through like a little list of financial things, concept headlines,
Speaker 1: and y'all have to answer trick or treat. It should
Speaker 1: be pretty self explanatory. Treat is good and trick is bad.
Speaker 1: So I'm going to kick things off and we can
Speaker 1: hopefully go a little bit speedy on this one. But
Speaker 1: we're gonna start with cryptocurrency.
Speaker 2: Trick or treat.
Speaker 1: Trick shock, I'm amazed, trick you've thought about that for
Speaker 1: a minute.
Speaker 3: Well, I don't think I have enough time to explain,
Speaker 3: but I would say trick.
Speaker 1: Well, okay, explain for like ten seconds. All right.
Speaker 2: Cool.
Speaker 3: So I think when you think about any type of
Speaker 3: if you bucket crypto underneath alternative asset classes, I think
Speaker 3: there's a place in your portfolio for it, but it
Speaker 3: should not be the entire portfolio. Right like when people
Speaker 3: are going they're putting ninety percent of their money into crypto,
Speaker 3: like their entire portfolio into crypto, I think then it
Speaker 3: becomes a trick. But if you find a way to
Speaker 3: use it strategically and let it be five, you know,
Speaker 3: less than five percent of your portfolio, I think there's
Speaker 3: there's an opportunity there We'll see how it pans out
Speaker 3: into the future when we have more data on cryptocurrency,
Speaker 3: but as of right now, it's it's a trick, and
Speaker 3: I think people are falling for it.
Speaker 1: Okay, no, especially black and brown people to a crazy extent.
Speaker 1: Like if y'all, if you don't know what these words mean, Vanguard,
Speaker 1: etf indext fun, don't be investing in crypto before you
Speaker 1: understand these other terms. Okay, all right? What about buying
Speaker 1: a house in today's housing market? Trick or treat?
Speaker 2: Oh? That's always that is a trick, question, is what
Speaker 2: it is. I think it's hard. It can always be
Speaker 2: a trick if you don't run your numbers and you
Speaker 2: don't actually know what you're getting into, right, If you're
Speaker 2: just doing it because you've been told that that's like
Speaker 2: what you're supposed to do as an adult, that you're
Speaker 2: supposed to buy a house, that this is how you
Speaker 2: build wealth. If all of your expectations are off, it's
Speaker 2: a huge trick. If you're buying a home because you
Speaker 2: absolutely want one, you know it's going to be a
Speaker 2: big expense, but you want one. You want a backyard
Speaker 2: for your family, you want more space, you want more privacy.
Speaker 2: But you're not counting on this being like your retire plan, right,
Speaker 2: You're not counting on this, you know, being like putting
Speaker 2: all your eggs in this one house and that this
Speaker 2: is going to be guaranteed, you know, generational wealth for
Speaker 2: my family. I think then that it can be a tree.
Speaker 2: So you have to It's all about like your perspective
Speaker 2: when you buy the house, and also like are you
Speaker 2: buying too much house? Are you overbidding? Are you you know,
Speaker 2: giving into pressure. Just because you get approved for you know,
Speaker 2: a million dollar mortgage doesn't mean that you go and
Speaker 2: buy a million dollar house. So I think if whether
Speaker 2: it's a trick or treat is like depends.
Speaker 1: On you, right, yeah, yeah.
Speaker 3: When Dellian mentioned in the beginning, I mean it's really
Speaker 3: a numbers game because you're either going to get you know,
Speaker 3: right now, prices are lower, but rates are high. You know,
Speaker 3: a year ago the other way around, you know, housing
Speaker 3: prices were higher and rates are low. So it's truly
Speaker 3: a numbers game, and I think it does to Delian's point,
Speaker 3: it comes down to what you want in your life,
Speaker 3: Like where are you at in your stage of your
Speaker 3: life because everyone's situation is different. I'm looking at the
Speaker 3: Atlanta market now and I think there's a ton of opportunities.
Speaker 3: Though rates are high, but you can always refinance after
Speaker 3: a certain period of time. So if you need to
Speaker 3: jump in, you know, do whatever you need to do.
Speaker 3: Put yourself in a position to jump into the market.
Speaker 3: But don't feel pressured from other people telling you to
Speaker 3: do certain things, because, like investing, you know your time
Speaker 3: to jump into the housing market or into the investing market,
Speaker 3: whatever it might be, isn't going to be the same
Speaker 3: as someone down the street or your best friend or
Speaker 3: whoever else. It will always be different on your situation.
Speaker 1: And you ain't co signing this mortgage, then you can
Speaker 1: take your advice and take it to the internet streets
Speaker 1: and leave me alone, all right? What about Elon musk
Speaker 1: owns Twitter now trick or treat.
Speaker 2: Or that is a big ass trick?
Speaker 3: I agree?
Speaker 2: Yeah?
Speaker 1: What about the think? I mean, he brought a freaking sink?
Speaker 2: What was that all about?
Speaker 1: I don't even let it sink in. I'm the owner
Speaker 1: of that now. Yeah, yeah, dad joke, Oh my god,
Speaker 1: Well he got a lot of babies, Nick Cannon check.
Speaker 2: Anybody can make a dad job.
Speaker 3: Quirky guy. I think it's more of like the I
Speaker 3: feel like the impact to social media world is what
Speaker 3: I worry more about, because he's going to make some
Speaker 3: pretty big moves with Twitter, I'm sure. I mean, he's
Speaker 3: probably already made a bunch of moves over the last
Speaker 3: forty eight hours. And I think he's going to influence
Speaker 3: what Mark Zuckerberg does with meta and like, you know,
Speaker 3: what other people do with their social media platforms, which
Speaker 3: may not be extremely positive for the overall experience.
Speaker 2: That's my biggest and the fact that he's like, you know,
Speaker 2: he's taking a private which means less oversight. He's doing
Speaker 2: that intentionally so that he can do whatever he wants
Speaker 2: without having an answer to anyone, having to answer to shareholders.
Speaker 2: And I will say the most disturbing thing that I've
Speaker 2: seen is how, you know, the use of the N
Speaker 2: word has shot up like forty five and since he's
Speaker 2: taken over, so people are like, finally we can say
Speaker 2: what we want, And yeah, that was terrifying. That was
Speaker 2: really really scary.
Speaker 1: So yeahant you know be fact checken, stay fact chicken.
Speaker 1: All right, let's get it going. I gotta get more
Speaker 1: and more and more Okay, what about this after pay
Speaker 1: slash Clarina slash affirm.
Speaker 2: Oh for creat big ass trick trick tricks.
Speaker 1: Okay, I'm not gonna lie I used. I think I
Speaker 1: used one of them to pay for my peloton. I
Speaker 1: finally paid that thing off.
Speaker 3: You're smart with money, right, like you're smart with money,
Speaker 3: like you've you can you can kind of navigate that.
Speaker 3: But I think it's the new credit card right without
Speaker 3: the negative connotation that comes along with you.
Speaker 1: It's just too good to be true. Well, I'm going
Speaker 1: to have to pay that Sephora purchase. Come on now.
Speaker 2: I did the same thing you do with Mandy with
Speaker 2: my time too, And the way I did it was
Speaker 2: it was set up as autopay, so I don't I've
Speaker 2: never missed the payment. It was auto pay, and I'm like, oh,
Speaker 2: zero percent auto pay cool. I think the problem is
Speaker 2: that people don't do the autopay option right. And that's
Speaker 2: how these companies make millions and billions of dollars is
Speaker 2: on the late fees. Because I'm like, how is this
Speaker 2: business model working? I don't understand they're charging zero percent?
Speaker 2: How are they making money? It's on the late fees,
Speaker 2: so that's how they get you. So, if you are
Speaker 2: going to use one of these, just set it to
Speaker 2: auto pay, cool, no problem. But if you're not going
Speaker 2: to use the autopay option, I would stay away from it.
Speaker 1: Yeah, I call them a treat. But with all those
Speaker 1: all those quid pro quoe quotes like read the fine
Speaker 1: print and I like to I could have paid for
Speaker 1: it in cash, but I'm like, why tie up my
Speaker 1: money with this bike if I can just zero percent
Speaker 1: finance it and then keep my money in my savings
Speaker 1: account where even I'm earning you know, maybe one percent
Speaker 1: or two percent now anyway.
Speaker 3: But Yeah, Similarly, like any other debt you take on,
Speaker 3: you want to make sure you have a plan in
Speaker 3: order to pay off. I think the challenge is a
Speaker 3: lot of people around December they go and they buy
Speaker 3: these gifts because they don't have the money and they
Speaker 3: don't have the they don't have a plan to pay
Speaker 3: it off, and they get into all this debt and
Speaker 3: then they find yourselves getting in like January February worlds around.
Speaker 3: They're like, okay, well I'm still making payments on this
Speaker 3: thing that I bought in December and November, and I
Speaker 3: don't have enough money to pay for it, right, So
Speaker 3: you want to make sure you have that plan before
Speaker 3: you get into really any debt, which it seems like
Speaker 3: both you guys have I love.
Speaker 1: That picture you just painted of that experience. I think
Speaker 1: that's such a visceral feeling of you have that moment
Speaker 1: of joy when they open up the gift and it's
Speaker 1: so exciting, and then you're left with the bills a
Speaker 1: couple of months down, and you're the pit in your stomach.
Speaker 1: You know, there's like in your stomach and you feel
Speaker 1: sick because they've already forgotten about that thing you bought
Speaker 1: and you're still dealing with the debt. Okay, speaking of
Speaker 1: which trick or treat Black Friday sales, Mark, You're a dude.
Speaker 1: I know you were in those best Buy Black Friday ads.
Speaker 2: I love best Buy.
Speaker 1: I why do I know you so well? And I
Speaker 1: don't even know you that well.
Speaker 2: That's like my second home.
Speaker 3: Anytime that I just have extra time, I'm in best Buy,
Speaker 3: I would say again in long same vain, you want
Speaker 3: to be strategic about what you buy. Like for example,
Speaker 3: I needed a toothbrush and I went and I bought
Speaker 3: it now, but I really thought about Hey, like I
Speaker 3: could have bought this during Black Friday and it could
Speaker 3: have been half off, right. I also, when I moved
Speaker 3: down to Atlanta, I need a TV. If it fell like,
Speaker 3: if I moved down here in November, I probably would
Speaker 3: wait until Black Friday in order to buy because I
Speaker 3: needed a TV. But I think sometimes people go and
Speaker 3: they buy things that they don't need, and then months
Speaker 3: down the road they're like, why did I buy that? Right?
Speaker 3: The joy goes away? You know that that feeling is
Speaker 3: very fleeting after some time. So I would say it's
Speaker 3: a it's a treat. You know, have some fun, right,
Speaker 3: Like we're like, how did how Delian start off? Like,
Speaker 3: you know, you make the money, Like, go off and
Speaker 3: live your best life, but make sure you have a
Speaker 3: plan as going about doing it. So I'd say, take
Speaker 3: advantage of it, have your fun, but again, still have
Speaker 3: a plan and think about do I really need this
Speaker 3: or do I want it?
Speaker 2: Yeah. I think everybody likes the idea of getting a
Speaker 2: deal and so, oh I got a deal on this,
Speaker 2: but they don't realize that a lot of these stores
Speaker 2: will actually increase their prices before Black Friday sale and
Speaker 2: then say it's forty percent off when they've already built
Speaker 2: in a huge markup. So there is a lot of
Speaker 2: marketing gimmicks going on that you guys don't may not
Speaker 2: even realize is happening behind the scenes. Understand, at the
Speaker 2: end of the day, these stores will always come out ahead.
Speaker 2: They will always come out ahead. And if they get
Speaker 2: you to buy something that you were never planning to
Speaker 2: buy in the first place, they win and you lose.
Speaker 1: Yeah, I'm down for we need a new TV right
Speaker 1: now too, and we're going to wait and see what
Speaker 1: the sales are like. Even if we don't find something
Speaker 1: good like, we'll get one. But it's like something that
Speaker 1: you actually need that you're planning to buy to score
Speaker 1: a good deal. When I'm day gal, I like shopping online.
Speaker 1: I'm not going to nobody's store. I'm not waiting at all.
Speaker 2: I live across from a mall and I never.
Speaker 1: Go in there.
Speaker 2: Ever.
Speaker 3: It's a quick pro tip. If there's something that you
Speaker 3: think that you want right now, let it be a
Speaker 3: TV or a sound system, whatever it is, go to
Speaker 3: Best Buy now, take pictures, figure out what the cost
Speaker 3: is right now. That way, when November comes up, whenever
Speaker 3: Black Friday is, you can go and check those prices
Speaker 3: to see if it's actually fifty percent off or whatever
Speaker 3: it is, and you will see what Delian's talking about
Speaker 3: because I've seen and implemented the same strategies before when
Speaker 3: I work in retail.
Speaker 1: So yeah, there's also a Chrome extension I think it's
Speaker 1: called price Checker that you can add to your Google
Speaker 1: Chrome and you can just click it and it'll find
Speaker 1: the same product you're looking at. So if you're looking
Speaker 1: on Target or best Buy and it will show you
Speaker 1: like four or five competitors and what they're So it
Speaker 1: makes it really quick to makes it really easy to
Speaker 1: quickly comparison shop. I think it's called price Checker. I'll
Speaker 1: figure it out and put it in the show notes.
Speaker 1: Whatever it is, all right, A couple more, a couple
Speaker 1: more shrink flation trick or treat.
Speaker 2: Oh that's a big ass trick.
Speaker 1: Yes, we can't do this year. The bags are shrinking,
Speaker 1: but the price everything.
Speaker 2: My potato chips, I'm like, were my potato chips? They
Speaker 2: are gone? I'm like, what's going on? Like it's either
Speaker 2: more air or less chips. I'm like, something's happening here.
Speaker 2: I could feel like because like I used to say,
Speaker 2: I would go to Trader Joe's. I spend like about
Speaker 2: one hundred and fifty dollars every ten days, and I
Speaker 2: would be able to fill up like four shopping bags
Speaker 2: and now I spend one fifty and I can only
Speaker 2: fill up three bags. So definitely seeing shrinkflation happening, and
Speaker 2: that one's there's really not much you can do about it, right,
Speaker 2: You just kind of have to. If you do see
Speaker 2: some products like really skyrocketing, you may want to consider
Speaker 2: just like not buying that for the foreseeable future. But
Speaker 2: some things you just need and it's like I can't
Speaker 2: avoid this.
Speaker 1: Yeah, it's about that price per ounce for me, or
Speaker 1: price per unit. I'm always looking for that on the
Speaker 1: barcode or with the little price on at the grocery store,
Speaker 1: because if you buy the list of the bigger package,
Speaker 1: usually you're paying less. But then it's also like I
Speaker 1: don't want to waste anything. This is why I'm most
Speaker 1: people who goes to the aisle at the grocery store,
Speaker 1: and it takes me forever because I'm just reading everything
Speaker 1: and doing mental calculation. Mark, is there anything I don't know?
Speaker 1: Has Berry's boot Camp? Have they shrunk your classes and
Speaker 1: it's still charge the same. I have no relation, hit you.
Speaker 3: I was just trying to think through that, and there
Speaker 3: hasn't been many ways. The only thing I can think
Speaker 3: of is like the price of like meats, Like I
Speaker 3: have a pretty protein heavy diet. When you go and
Speaker 3: you buy meat from you have a Publix down the
Speaker 3: street and the trailer Joe's and Whole Foods. Now, it's
Speaker 3: definitely more expensive in order to buy like a pound
Speaker 3: of meat. But otherwise I haven't paid as much attention
Speaker 3: as I probably should.
Speaker 1: Check your ptter and see if they were putting less
Speaker 1: than that can.
Speaker 3: Yeah, I need to check the clementines I just bought
Speaker 3: to see if I'm getting less probably matter more.
Speaker 1: Yeah, all right, let's make this the last one. TikTok
Speaker 1: algorithm trick or treat mmm, trick, thank you. I think
Speaker 1: it's because even when.
Speaker 2: You do hate a viral, it's not the people you want,
Speaker 2: so it doesn't even help you. Like I've had several
Speaker 2: videos go super viral, like a million views, and they
Speaker 2: feed it to like a bunch of teenagers, and I'm like,
Speaker 2: these are not my people. These are not my people.
Speaker 2: So it can be it can be frustrating on that
Speaker 2: platform for sure. But you know, twenty twenty twenty one,
Speaker 2: TikTok was glory days. I my business was booming. I
Speaker 2: was getting a lot of business off of TikTok. Then
Speaker 2: much less now now it's Instagram.
Speaker 3: Yeah, I guess it depends on what viewpoint, right, So
Speaker 3: if you're coming in as like the consumer in a way,
Speaker 3: like you may be getting what you're looking for. Like
Speaker 3: my TikTok is not booming in any form of fashion.
Speaker 3: I never had, it never has and I don't know
Speaker 3: if they ever will, but we'll see. But what I'm
Speaker 3: looking at TikTok right now, I'm looking at like different
Speaker 3: places that I want to travel, Like I'm playing a
Speaker 3: trip to two Turks and my TikTok feed is like
Speaker 3: all these different vacation places that like I really want
Speaker 3: to go, so I'm saving them, I'm taking down notes,
Speaker 3: I'm putting in the trip of vasor. So the algorithm
Speaker 3: has been good to me from a consumer standpoint.
Speaker 2: A consumer, I agree, fantastic.
Speaker 3: But in terms of like business, and you know, I
Speaker 3: feel like I put out prequality information and it's not
Speaker 3: taking off as I would want it to. I think
Speaker 3: they have some work to do on the algorithm.
Speaker 2: Still, I will say like they're saying that TikTok is
Speaker 2: going to be like the new Google, and it's true.
Speaker 2: I do find myself. I use it only for the
Speaker 2: search bar in TikTok and Google and like using it
Speaker 2: as a Google feature and it's fantastic.
Speaker 1: Especially for cooking. Yeah, I'm a huge TikTok's kind of
Speaker 1: where I go to take a brain vacation. So I
Speaker 1: don't follow a lot of personal finance or money stuff
Speaker 1: on TikTok. I just like to go enjoy my fun,
Speaker 1: love island bloopers, and it knows me too well, it
Speaker 1: shows me too well. Oh well, this has been so fun.
Speaker 1: Thank you Deli, thanks for saying yes to me. I
Speaker 1: feel so privileged and I hope it was a good
Speaker 1: use of your time. It was such a joy having
Speaker 1: you here and Mark the little brother, who I just adore.
Speaker 1: Even though you're not actually blood, you feel like blood.
Speaker 1: Thank you so much for spending a little spooktacular Halloween
Speaker 1: episode with me, and to the BA fan for tuning
Speaker 1: in live on YouTube. Y'all are amazing. Thank you so
Speaker 1: much for your continued support, and we will see y'all
Speaker 1: next week. For our regular BA episode, Hey Ba fam.
Speaker 1: We could not do this show without your support or
Speaker 1: the support of our team behind the scenes. The Brown
Speaker 1: Emission Podcast is produced by Cumulus Podcast Network. It's edited
Speaker 1: by the wonderful Emani Crosby and produced by Tanya Bustos.
Speaker 1: Stimplinsky is our in house tech crew, and I am
Speaker 1: Bandy Witchard Santos your co host, and I will see
Speaker 1: y'all next week.