WEBVTT - BA QA: Is Crypto A Trick Or Treat? 0:00:06.080 --> 0:00:09.080 Hey va, fam, it's Mandy Money here. Now. I believe 0:00:09.119 --> 0:00:13.040 that we all have a unique superpower in life, me personally. 0:00:13.200 --> 0:00:16.000 I was lucky enough to discover mine about ten years ago. 0:00:16.120 --> 0:00:18.080 I was just a few years into my career as 0:00:18.079 --> 0:00:21.280 a financial journalist. I had spent weeks I was interviewing 0:00:21.320 --> 0:00:23.680 at this huge media company which you guys may or 0:00:23.680 --> 0:00:25.720 may not have heard of, called Yahoo, and they wanted 0:00:25.760 --> 0:00:29.200 to poach me. I suspected that I was underpaid at 0:00:29.200 --> 0:00:31.720 the time, and I was ready to finally tip the 0:00:31.720 --> 0:00:34.440 scales back in my favor. I plucked up every kernel 0:00:34.479 --> 0:00:37.879 of courage I had and I negotiated the hell out 0:00:37.920 --> 0:00:40.800 of that offer. In the end, I walked away super 0:00:40.840 --> 0:00:44.080 victorious with a twenty eight thousand dollars salary bump and 0:00:44.159 --> 0:00:48.240 a forty five thousand dollars batch of equity, and from 0:00:48.240 --> 0:00:51.240 that point on I never looked back. That was the 0:00:51.360 --> 0:00:54.680 day that I learned my superpower was being able to 0:00:54.800 --> 0:00:57.680 fight through my fear and my doubts, leverage my skills 0:00:57.680 --> 0:01:02.960 as a storyteller and business reporter, negotiate like a bad ass. Now, 0:01:03.040 --> 0:01:06.400 those negotiation skills propelled me to a multiple six figure 0:01:06.480 --> 0:01:09.000 salary before the age of thirty. But that would not 0:01:09.040 --> 0:01:11.520 be that exciting if I couldn't help y'all as well. 0:01:11.959 --> 0:01:13.839 So that's why for the past year and a half, 0:01:13.880 --> 0:01:16.480 I have coached hundreds of women from across the US 0:01:16.520 --> 0:01:20.520 and beyond in their job searches and their salary negotiations. 0:01:20.640 --> 0:01:23.960 And the wins that I have seen y'all secure incredible, 0:01:24.400 --> 0:01:26.559 like an attorney who I helped get a ten thousand 0:01:26.600 --> 0:01:30.120 dollars salary bump and a fifteen thousand dollars signing bonus 0:01:30.280 --> 0:01:33.680 just this past March. And another woman named Rose who 0:01:33.760 --> 0:01:37.160 used my negotiation scripts to score three thousand dollars more 0:01:37.200 --> 0:01:40.200 from a recent job offer. Y'all, these wins have showed 0:01:40.240 --> 0:01:42.080 me that I am meant to do this work, and 0:01:42.120 --> 0:01:44.840 I am so excited that I am going to be 0:01:45.160 --> 0:01:50.120 relaunching my sold out masterclass called Nail Your Negotiation. The 0:01:50.200 --> 0:01:53.600 Masterclass five steps to negotiate like a bad ass and 0:01:53.720 --> 0:01:56.760 never leave money on the table again. I'm going to 0:01:56.800 --> 0:01:59.960 be coming to you live with this masterclass on Tuesday, 0:02:00.240 --> 0:02:04.160 November eighth at eight pm Eastern Standard time. Check the 0:02:04.200 --> 0:02:06.960 show notes for a link to register. Y'all. My first 0:02:06.960 --> 0:02:10.400 masterclass last month completely sold out. We were turning away 0:02:10.400 --> 0:02:13.000 people at the virtual door. You do not want to 0:02:13.040 --> 0:02:16.200 miss out on this, so definitely register. Go to Nail 0:02:16.320 --> 0:02:20.240 your Negotiation dot Com to grab your seats. I hope 0:02:20.240 --> 0:02:22.280 to see y'all there. Here's what I'm going to be 0:02:22.360 --> 0:02:24.640 covering in this masterclass. You're going to learn how to 0:02:24.680 --> 0:02:27.640 finally get over your fear of negotiating, how to brand 0:02:27.720 --> 0:02:30.720 yourself so you can attract the juiciest job offers, how 0:02:30.760 --> 0:02:33.600 to figure out what to ask for before you negotiate, 0:02:33.919 --> 0:02:37.120 how to nail that interview so they practically throw money 0:02:37.160 --> 0:02:39.880 at you, And last but not least, how to rock 0:02:40.000 --> 0:02:45.200 that counteroffer and you leave no crumbs behind. Plus, live 0:02:45.240 --> 0:02:48.640 attendees are going to get a free bonus negotiating cheat 0:02:48.639 --> 0:02:51.560 sheet that's going to make it super easy to calculate 0:02:51.560 --> 0:02:54.880 your target salary, so you go into a negotiation strong 0:02:55.120 --> 0:02:58.200 knowing your value. Let's do this, y'all. Join me November 0:02:58.240 --> 0:03:01.880 eighth at eight pm for the Nail your Negotiation Masterclass again. 0:03:02.080 --> 0:03:05.160 Grab your seat. They are limited. Only five hundred seats 0:03:05.200 --> 0:03:08.840 are open. Go to Nail Yournegotiation dot Com to grab 0:03:08.880 --> 0:03:11.160 your seat and I will see y'all their moneymakers. 0:03:12.280 --> 0:03:15.280 Dinna Duna duh. 0:03:15.400 --> 0:03:19.360 It's the bag A C A, y'all. I can't believe 0:03:19.400 --> 0:03:21.720 I just did that. Tiffany, please come back. Y'all know 0:03:21.800 --> 0:03:23.880 I'm not good at singing the intros to the show, 0:03:24.520 --> 0:03:27.000 but that was my staff. Y'all. It is B A 0:03:27.280 --> 0:03:29.840 Q and A Friday, and I'm so excited to be 0:03:30.000 --> 0:03:33.640 sharing a very special edition of our brand Ambission Q 0:03:33.800 --> 0:03:37.080 and A with y'all this week. These questions were answered 0:03:37.120 --> 0:03:40.520 during our live Halloween special where we were joined by 0:03:40.560 --> 0:03:44.720 the incredible Delianbarrows from Delianne Money Coach and Mark Russell, 0:03:45.320 --> 0:03:49.040 my baby brother from another mother, Mark Russell from Betterwallet 0:03:49.120 --> 0:03:51.840 join us live in the Brand and Mission Studio on YouTube. 0:03:52.200 --> 0:03:54.120 We were able to take some questions from the crowd 0:03:54.560 --> 0:03:56.480 live on air and we have got those Q and 0:03:56.520 --> 0:03:59.440 A for y'all today. But don't forget. You can send 0:03:59.440 --> 0:04:01.000 me your question and you can be a part of 0:04:01.000 --> 0:04:02.920 the Brown Ambition Show. We'd love to have you. Why 0:04:02.960 --> 0:04:05.200 don't you go to IG right now, give us a follow, 0:04:05.560 --> 0:04:08.160 slide into our DMS and submit any questions you have 0:04:08.320 --> 0:04:12.320 on finances, career, business, whatever it may be. We are 0:04:12.360 --> 0:04:14.960 your financial besties. We can't wait to hear from y'all 0:04:15.400 --> 0:04:18.440 and without further ado, let's get on into this spooky 0:04:18.760 --> 0:04:21.520 b A Q and A and I promise I'll stop 0:04:21.560 --> 0:04:25.640 singing now. Okay, Christina has a question in the chat. 0:04:26.080 --> 0:04:28.000 Let's see what is ooh good one. I don't even 0:04:28.000 --> 0:04:30.159 know the answer to this one. What's really going on 0:04:30.200 --> 0:04:32.520 with the student loan forgiveness? This is Biden's do loan 0:04:32.560 --> 0:04:34.960 forgiveness plan. There's so much being said, but nothing is 0:04:35.000 --> 0:04:39.159 really clear. It is giving very much like Public Service 0:04:39.200 --> 0:04:43.520 loan forgiveness, which was so like it was released and 0:04:43.520 --> 0:04:45.880 then it was super confusing when people actually, you know, 0:04:45.960 --> 0:04:47.800 took their tenures and they could apply for it. It 0:04:47.839 --> 0:04:51.400 was all very like opaque. But like, let's let's set 0:04:51.440 --> 0:04:55.120 the context. So Biden announced this a month ago. Now 0:04:55.360 --> 0:04:56.640 was it in September? August? 0:04:56.760 --> 0:04:58.520 Are we talking because two different things? Are we talking 0:04:58.520 --> 0:05:00.760 about the PSL up forgiveness? I start we talking about 0:05:00.760 --> 0:05:02.960 the ten to twenty thousand dollars long. 0:05:02.880 --> 0:05:06.120 One talking about the ten to twenty k Yeah, I 0:05:06.200 --> 0:05:09.200 was just like comparing it to just how confusing that 0:05:09.240 --> 0:05:12.560 whole forgiveness process was. Yeah, but they announced it in 0:05:12.600 --> 0:05:15.840 August and now there's a lawsuit, right like they're being 0:05:15.880 --> 0:05:19.159 fought in court as we know, what do you guys 0:05:19.240 --> 0:05:22.279 know about the latest with the potential for this you know, 0:05:22.400 --> 0:05:26.599 incredible program which everyone was so excited about the ultimate 0:05:26.640 --> 0:05:27.159 fate of it. 0:05:28.040 --> 0:05:30.920 Well I'm hearing that like they're still very optimistic about 0:05:30.920 --> 0:05:35.480 it and that they're going to start issuing payments soon hopefully. 0:05:36.000 --> 0:05:39.320 But it's stuck right now at the Eighth Circuit. Right, 0:05:39.360 --> 0:05:43.159 So the district court is like, there's levels to lawsuits. 0:05:43.480 --> 0:05:45.880 So they came in at the district court level. That 0:05:46.080 --> 0:05:48.200 judge was like, we're throwing this out. You guys have 0:05:48.320 --> 0:05:52.000 no standing, which means like you're not being injured by this, 0:05:52.240 --> 0:05:54.080 So if you can't prove injury, we're going to throw 0:05:54.120 --> 0:05:56.640 this out. And so they did. But then they appealed 0:05:56.640 --> 0:05:59.480 it to the Eighth Circuit. And this was intentional by 0:05:59.520 --> 0:06:02.680 the Republic who file this lawsuit. They specifically filed it 0:06:02.720 --> 0:06:05.159 in the Eighth Circuit, which is a very conservative circuit 0:06:05.560 --> 0:06:08.200 because they thought that the judges would be more open 0:06:08.200 --> 0:06:11.160 to their arguments. And so now it's stuck at the 0:06:11.200 --> 0:06:14.919 Eighth Circuit. They're reading the briefs, they're hearing arguments, and 0:06:14.960 --> 0:06:17.039 they're going to make a decision of whether or not 0:06:17.040 --> 0:06:21.200 they're going to pause the program permanently or they're going 0:06:21.240 --> 0:06:24.440 to let it continue. So the good news is that 0:06:24.520 --> 0:06:29.680 even the Supreme Court has already preemptively rejected any challenge 0:06:29.720 --> 0:06:32.000 to it. So now you've got the Supreme Court rejecting it, 0:06:32.040 --> 0:06:34.080 the District Court rejecting it, and now it's just the 0:06:34.240 --> 0:06:37.440 Eighth Circuit Court in the middle. But from everything that 0:06:37.480 --> 0:06:40.919 I'm reading from the Biden administration, they're still very optimistic 0:06:41.040 --> 0:06:45.279 this is going to go forward. So until we know otherwise, 0:06:46.200 --> 0:06:48.120 I would try to like not panic this. Again, it's 0:06:48.120 --> 0:06:50.040 one of those things that it's out of our control. 0:06:50.120 --> 0:06:52.400 It's out of our hands, So there's no point in 0:06:52.440 --> 0:06:55.160 panicking about it. As soon as there's something new that's 0:06:55.160 --> 0:06:57.080 going to be posted about it, I guarantee you you 0:06:57.120 --> 0:06:59.640 will care about it because every social media platform is 0:06:59.680 --> 0:07:01.760 talking about it. We are all on top of it. 0:07:01.800 --> 0:07:03.400 If you follow any of us. 0:07:03.839 --> 0:07:05.719 Follow these two especially, could. 0:07:05.520 --> 0:07:08.279 You talk amongst each other just trying to figure out 0:07:08.320 --> 0:07:10.440 like are we on the same page? Like okay, like 0:07:10.520 --> 0:07:11.480 what are you talking about? 0:07:11.480 --> 0:07:12.480 What're you talking about? 0:07:13.320 --> 0:07:16.480 But yeah, I mean, like the lawsuits coming through and 0:07:17.520 --> 0:07:19.520 just going through the different I didn't even know all 0:07:19.600 --> 0:07:23.440 that dealy answer. Thank you for providing some context. But yeah, 0:07:23.440 --> 0:07:25.760 I mean I think it just comes down to just politics, 0:07:27.000 --> 0:07:29.840 which unfortunately they have to go through before there was 0:07:29.880 --> 0:07:30.600 any relief. 0:07:30.920 --> 0:07:34.000 I always say money's political, and this is a perfect example, right, 0:07:34.080 --> 0:07:39.480 Like this is literally we're right before the midterms. Both 0:07:39.520 --> 0:07:43.880 sides are being you know, catered to in their way, 0:07:44.160 --> 0:07:47.440 so top of politicians do politicians are going to a politician, 0:07:47.600 --> 0:07:50.600 you know, like you can't like you can't blame them 0:07:50.600 --> 0:07:51.880 for doing exactly that's what. 0:07:51.800 --> 0:07:53.880 We want, right, I'm like, we voted for you do 0:07:53.960 --> 0:07:56.320 some stuff like when we get a little dance, you 0:07:56.360 --> 0:07:59.360 promised us you had some moves, mister Joe, and he's 0:07:59.400 --> 0:08:01.760 finally doing it, and everyone's like, yeah, he's just doing 0:08:01.800 --> 0:08:04.600 it because it's midterms. I'm like, yeah, that's the whole thing. 0:08:04.960 --> 0:08:07.800 That means that he's afraid of our power as voters 0:08:07.800 --> 0:08:08.520 and he needs to. 0:08:08.680 --> 0:08:11.640 But it's also what he campaigned on and what he promised, 0:08:11.920 --> 0:08:14.280 so he's trying to deliver on that promise. Otherwise, like 0:08:15.240 --> 0:08:18.720 what was the point of us, you know, like taking. 0:08:18.440 --> 0:08:22.160 Your word for that exactly. I think the big CTA 0:08:22.280 --> 0:08:24.520 or call the action is like, make sure you're applying. 0:08:24.560 --> 0:08:26.200 I think there are so many people out there that 0:08:26.280 --> 0:08:30.880 are not applying, and the time is now, the applete 0:08:30.920 --> 0:08:33.679 from the last time I checked, the applications are still open. 0:08:33.840 --> 0:08:37.079 You can go and apply for student loan debt forgiveness. 0:08:37.120 --> 0:08:39.960 And again to Delian's point, like control what you can 0:08:40.440 --> 0:08:43.680 and you know, hopefully if everything pushes through, then you 0:08:43.920 --> 0:08:47.079 end up gaining that you know, ten I guess ten 0:08:47.120 --> 0:08:51.360 to twenty thousand dollars with debt relieved, which can help 0:08:51.400 --> 0:08:53.360 out a significant amount of Americans. 0:08:53.760 --> 0:08:56.000 Yeah. Yeah, my sister is so excited. I think she's 0:08:56.000 --> 0:08:59.240 getting like eighteen thousand between her and her husband, eighteen 0:08:59.280 --> 0:09:01.120 thousand forgiven. And I mean that's a game changer for 0:09:01.160 --> 0:09:03.800 them because she works in healthcare and they don't pay 0:09:03.800 --> 0:09:07.280 them nearly enough, nearly enough. Should we take one more question? 0:09:07.360 --> 0:09:09.760 Let's see John has a question the chat. With the 0:09:09.800 --> 0:09:13.040 holidays coming up and having a big family, what's the 0:09:13.040 --> 0:09:15.559 best way to budget for buying gifts while still having 0:09:15.720 --> 0:09:19.880 enough to take care of bills. I would consider like 0:09:19.960 --> 0:09:23.440 going after Halloween and starting your shopping. You little late John, 0:09:23.440 --> 0:09:24.560 you got to get in there early. 0:09:26.000 --> 0:09:26.360 Budget. 0:09:26.360 --> 0:09:28.360 I'm feeling like shopping in July, like this will be 0:09:28.360 --> 0:09:30.559 good for so and so, and start like that's my 0:09:30.559 --> 0:09:33.959 my strategy is like by throughout the year and then 0:09:34.040 --> 0:09:37.720 try not to forget where you put the stuff. That's 0:09:37.760 --> 0:09:39.280 my strategy. What do y'all say? 0:09:40.760 --> 0:09:43.920 I would say, I no longer buy toys for my 0:09:44.000 --> 0:09:49.280 friend's kids. Sorry, thank you enough. I contribute to their 0:09:49.280 --> 0:09:51.360 five twenty nines. I'm like, you're set up a five 0:09:51.400 --> 0:09:54.240 twenty nine. If so, I will happily contribute to it. 0:09:55.679 --> 0:10:00.080 And you know that's my vibe now, and I I 0:10:00.080 --> 0:10:03.360 think that that is it's been. The parents are very 0:10:03.400 --> 0:10:06.480 grateful for it. It's not awkward at all. You get 0:10:06.520 --> 0:10:08.440 to also educate your friends on it if they don't 0:10:08.440 --> 0:10:11.080 know what a five twenty nine is. And that's been 0:10:11.080 --> 0:10:12.680 my strategy for a couple of years now. 0:10:13.120 --> 0:10:16.280 Yeap, totally agree. Either a five twenty nine or I 0:10:16.400 --> 0:10:19.920 just give people money, like my sisters know every single 0:10:19.960 --> 0:10:22.160 year I have five older sisters. I'm like, you guys 0:10:22.200 --> 0:10:24.240 are getting money because I don't know. First of all, 0:10:24.240 --> 0:10:26.440 I don't know what the hell you want. Second of all, 0:10:26.800 --> 0:10:29.560 like I much rather just give you cash, because I'm 0:10:29.600 --> 0:10:32.280 sure you much rather have fifty dollars than me pay 0:10:32.280 --> 0:10:33.400 one hundred dollars. 0:10:33.120 --> 0:10:34.640 For a product that you don't want. 0:10:35.320 --> 0:10:38.640 So that allowed me to decrease how much I spend 0:10:38.760 --> 0:10:42.439 during the holiday season. But when you think, when you 0:10:42.520 --> 0:10:44.880 think about twenty twenty three, I talk all the time 0:10:44.920 --> 0:10:47.079 on the platform, you know, make sure you're setting up 0:10:47.280 --> 0:10:50.439 a sinking funder, a Christmas fund. I mean, twenty dollars 0:10:50.520 --> 0:10:53.160 a week for fifty two weeks. It's more than one 0:10:53.160 --> 0:10:55.439 thousand dollars that you could have for your kids or 0:10:55.800 --> 0:10:58.520 for family that you can either give out or you 0:10:58.520 --> 0:11:01.320 can buy toys, whatever it is, while not having to 0:11:01.360 --> 0:11:03.679 think about, Okay, well how am I going to find 0:11:03.720 --> 0:11:05.920 the money that I need in order to pay for 0:11:06.000 --> 0:11:09.360 not only gifts but also the life expenses that I have. 0:11:10.120 --> 0:11:14.880 So planning for Christmas starts on December, or Christmas of 0:11:14.960 --> 0:11:18.480 next year starts December twenty sixth, right, So like, just 0:11:18.559 --> 0:11:20.520 keep that in mind as you're planning out, you know, 0:11:20.640 --> 0:11:23.120 Christmas gifts and everything. I think that was the only 0:11:23.200 --> 0:11:26.280 money tip my mom has ever taught me, is like 0:11:26.320 --> 0:11:28.440 to build a sinking fund, their Christmas fund. 0:11:28.960 --> 0:11:30.280 You call the thinking fund. 0:11:30.600 --> 0:11:32.640 Sinking Yeah, yeah. 0:11:33.040 --> 0:11:36.800 Interesting, the sinking fund, all right, I feel like for 0:11:36.960 --> 0:11:40.200 big families, if you have young kids, it's so hard though, 0:11:40.200 --> 0:11:43.160 because I see the ads now coming up on YouTube. 0:11:43.160 --> 0:11:45.280 I had to invest in the ad for YouTube kids 0:11:45.280 --> 0:11:47.679 for Rio because my son, because I was like, he's 0:11:47.679 --> 0:11:51.679 going to be inductrinated to want these toys. So the 0:11:52.080 --> 0:11:55.000 ads come up and then their minds change all the time. 0:11:55.080 --> 0:11:57.960 So I really can empathize with parents who are like, wait, 0:11:57.960 --> 0:12:00.920 you said you were into Paw Patrol and July. Well 0:12:00.960 --> 0:12:03.480 now it's December and it's all about I don't know, 0:12:03.640 --> 0:12:06.720 like my Little Pony or whatever the kids are watching 0:12:06.800 --> 0:12:11.679 these days, Blippy or these random Russian children who open 0:12:11.800 --> 0:12:15.160 up toys and are bajillionaires on YouTube. But for me, 0:12:15.360 --> 0:12:18.439 experience as rule. So I think having conversations when the 0:12:18.480 --> 0:12:20.360 kids are old enough about what do you value? Do 0:12:20.360 --> 0:12:22.760 you want If you want a toy, Okay, here's our budget. 0:12:22.760 --> 0:12:25.560 We're gonna you can have toys and things. But what 0:12:25.679 --> 0:12:27.760 if we put the same money we would put into 0:12:27.760 --> 0:12:30.240 gifts into a family experience and maybe it's going on 0:12:30.280 --> 0:12:33.080 a cruise or you know, going on a road trip 0:12:33.160 --> 0:12:35.600 or a vacation or something. I hope that I can 0:12:35.679 --> 0:12:39.360 create the kind of we were so gift obsessed as 0:12:39.440 --> 0:12:41.560 kids in my household like and I, And it makes 0:12:41.600 --> 0:12:44.560 me so sad because my parents, especially my mom. I 0:12:44.600 --> 0:12:46.680 was raised by a single mom and she had four kids, 0:12:46.720 --> 0:12:49.800 and I'm just like my heart breaks for her having 0:12:49.800 --> 0:12:53.400 these greedy ass little kids landing toys, and I'm just 0:12:53.440 --> 0:12:55.320 like want to go back and just squeeze my little 0:12:55.360 --> 0:12:59.360 self like stam it, but I want to create, like 0:12:59.520 --> 0:13:02.400 I don't know, to household where it's about those experiences, 0:13:02.480 --> 0:13:04.679 and we recognize that it's a trade off. You know, 0:13:05.280 --> 0:13:07.600 things you can't take with you, but these experiences as 0:13:07.600 --> 0:13:09.040 a family, you know, we won't get back. 0:13:09.679 --> 0:13:14.520 I recently tweeted something where I said, you know, I 0:13:14.559 --> 0:13:17.120 grew up poor and my parents did the best that 0:13:17.120 --> 0:13:19.840 they could. But at the end of the day, I 0:13:19.840 --> 0:13:22.040 don't think about like the gifts or the things that 0:13:22.080 --> 0:13:24.120 I didn't get. I think about all of the time 0:13:24.600 --> 0:13:27.360 that I wanted with them but didn't have because my 0:13:27.400 --> 0:13:29.920 parents were working all the time, and when they were home, 0:13:29.920 --> 0:13:32.960 they were always tired. Like my parents were always exhausted. 0:13:33.000 --> 0:13:35.040 My mom couldn't even sit for a movie with us, 0:13:35.080 --> 0:13:39.000 like she would immediately fall asleep, you know, So I 0:13:39.080 --> 0:13:42.120 would rather they work less and spend more quality time 0:13:42.160 --> 0:13:45.160 with us and not buy you know, gifts or so 0:13:45.280 --> 0:13:48.360 many gifts. I feel the pressure to like keep up 0:13:49.400 --> 0:13:51.080 because at the end of the day, like, that's what 0:13:51.160 --> 0:13:53.680 I remember is just how exhausted they were all the time. 0:13:53.840 --> 0:13:55.920 So I think at the end of the day, and 0:13:55.960 --> 0:13:58.120 that's what most kids want, they just want quality time. 0:13:58.160 --> 0:14:00.520 They want your attention more than you know. When they're 0:14:00.559 --> 0:14:02.240 opening the gift, they're like, are you looking at me 0:14:02.320 --> 0:14:06.600 opening the gift? Want your attention, you know, So give 0:14:06.640 --> 0:14:09.719 them your undivided attention. That is the best gift you 0:14:09.760 --> 0:14:10.360 can give them. 0:14:10.720 --> 0:14:13.280 Or if your mark, just throw money at them. So 0:14:13.360 --> 0:14:15.920 let's a little brother move right there. If it's not cash, 0:14:15.960 --> 0:14:18.600 it's like, here's a bath and body, You're welcome. 0:14:19.560 --> 0:14:21.960 I have no clue, absolutely no clue we want. 0:14:22.960 --> 0:14:26.040 And no time to figure it out, I guess anyway. Oh, 0:14:26.080 --> 0:14:27.880 this has been so fun. Okay, let's take a quick 0:14:27.920 --> 0:14:30.120 breaking break and we'll be right back with more of 0:14:30.120 --> 0:14:33.160 our special Halloween Treat edition of the ba Q and 0:14:33.200 --> 0:14:37.000 a let's pivot because I have a fun little segment. 0:14:37.000 --> 0:14:39.200 We're gonna call this brand ambition trick oh treat. So 0:14:39.240 --> 0:14:40.640 I'm going to ask you, guys. I'm going to run 0:14:40.640 --> 0:14:45.000 through like a little list of financial things, concept headlines, 0:14:45.120 --> 0:14:48.240 and y'all have to answer trick or treat. It should 0:14:48.240 --> 0:14:51.360 be pretty self explanatory. Treat is good and trick is bad. 0:14:51.920 --> 0:14:54.000 So I'm going to kick things off and we can 0:14:54.200 --> 0:14:56.760 hopefully go a little bit speedy on this one. But 0:14:56.800 --> 0:14:58.640 we're gonna start with cryptocurrency. 0:14:58.840 --> 0:14:59.560 Trick or treat. 0:15:00.640 --> 0:15:10.240 Trick shock, I'm amazed, trick you've thought about that for 0:15:10.240 --> 0:15:10.760 a minute. 0:15:11.040 --> 0:15:13.520 Well, I don't think I have enough time to explain, 0:15:13.600 --> 0:15:15.160 but I would say trick. 0:15:15.840 --> 0:15:18.000 Well, okay, explain for like ten seconds. All right. 0:15:18.040 --> 0:15:18.280 Cool. 0:15:18.360 --> 0:15:21.920 So I think when you think about any type of 0:15:21.960 --> 0:15:27.080 if you bucket crypto underneath alternative asset classes, I think 0:15:27.080 --> 0:15:30.400 there's a place in your portfolio for it, but it 0:15:30.440 --> 0:15:33.680 should not be the entire portfolio. Right like when people 0:15:33.720 --> 0:15:37.760 are going they're putting ninety percent of their money into crypto, 0:15:38.040 --> 0:15:40.600 like their entire portfolio into crypto, I think then it 0:15:40.680 --> 0:15:44.120 becomes a trick. But if you find a way to 0:15:44.280 --> 0:15:47.400 use it strategically and let it be five, you know, 0:15:47.600 --> 0:15:50.400 less than five percent of your portfolio, I think there's 0:15:50.480 --> 0:15:54.720 there's an opportunity there We'll see how it pans out 0:15:54.720 --> 0:15:58.640 into the future when we have more data on cryptocurrency, 0:15:58.680 --> 0:16:00.760 but as of right now, it's it's a trick, and 0:16:00.800 --> 0:16:02.080 I think people are falling for it. 0:16:02.880 --> 0:16:06.880 Okay, no, especially black and brown people to a crazy extent. 0:16:07.000 --> 0:16:10.160 Like if y'all, if you don't know what these words mean, Vanguard, 0:16:10.360 --> 0:16:13.440 etf indext fun, don't be investing in crypto before you 0:16:13.520 --> 0:16:17.880 understand these other terms. Okay, all right? What about buying 0:16:17.960 --> 0:16:20.560 a house in today's housing market? Trick or treat? 0:16:22.560 --> 0:16:25.120 Oh? That's always that is a trick, question, is what 0:16:25.200 --> 0:16:30.200 it is. I think it's hard. It can always be 0:16:30.240 --> 0:16:32.080 a trick if you don't run your numbers and you 0:16:32.080 --> 0:16:35.160 don't actually know what you're getting into, right, If you're 0:16:35.240 --> 0:16:37.440 just doing it because you've been told that that's like 0:16:37.480 --> 0:16:39.200 what you're supposed to do as an adult, that you're 0:16:39.240 --> 0:16:40.920 supposed to buy a house, that this is how you 0:16:40.920 --> 0:16:44.760 build wealth. If all of your expectations are off, it's 0:16:44.800 --> 0:16:48.360 a huge trick. If you're buying a home because you 0:16:48.560 --> 0:16:51.520 absolutely want one, you know it's going to be a 0:16:51.520 --> 0:16:53.960 big expense, but you want one. You want a backyard 0:16:54.000 --> 0:16:56.280 for your family, you want more space, you want more privacy. 0:16:57.600 --> 0:17:00.960 But you're not counting on this being like your retire plan, right, 0:17:01.000 --> 0:17:04.000 You're not counting on this, you know, being like putting 0:17:04.000 --> 0:17:06.919 all your eggs in this one house and that this 0:17:07.040 --> 0:17:09.359 is going to be guaranteed, you know, generational wealth for 0:17:09.480 --> 0:17:12.160 my family. I think then that it can be a tree. 0:17:12.440 --> 0:17:15.000 So you have to It's all about like your perspective 0:17:15.040 --> 0:17:17.879 when you buy the house, and also like are you 0:17:17.880 --> 0:17:20.840 buying too much house? Are you overbidding? Are you you know, 0:17:20.880 --> 0:17:23.960 giving into pressure. Just because you get approved for you know, 0:17:24.000 --> 0:17:26.119 a million dollar mortgage doesn't mean that you go and 0:17:26.160 --> 0:17:29.560 buy a million dollar house. So I think if whether 0:17:29.560 --> 0:17:32.560 it's a trick or treat is like depends. 0:17:32.240 --> 0:17:35.520 On you, right, yeah, yeah. 0:17:36.440 --> 0:17:38.640 When Dellian mentioned in the beginning, I mean it's really 0:17:38.680 --> 0:17:41.960 a numbers game because you're either going to get you know, 0:17:42.040 --> 0:17:45.080 right now, prices are lower, but rates are high. You know, 0:17:45.119 --> 0:17:47.679 a year ago the other way around, you know, housing 0:17:47.720 --> 0:17:50.760 prices were higher and rates are low. So it's truly 0:17:50.800 --> 0:17:53.640 a numbers game, and I think it does to Delian's point, 0:17:53.640 --> 0:17:57.439 it comes down to what you want in your life, 0:17:57.440 --> 0:17:59.320 Like where are you at in your stage of your 0:17:59.359 --> 0:18:02.840 life because everyone's situation is different. I'm looking at the 0:18:02.880 --> 0:18:07.159 Atlanta market now and I think there's a ton of opportunities. 0:18:07.480 --> 0:18:09.880 Though rates are high, but you can always refinance after 0:18:09.920 --> 0:18:12.560 a certain period of time. So if you need to 0:18:12.640 --> 0:18:14.720 jump in, you know, do whatever you need to do. 0:18:14.840 --> 0:18:17.200 Put yourself in a position to jump into the market. 0:18:17.240 --> 0:18:20.159 But don't feel pressured from other people telling you to 0:18:20.200 --> 0:18:23.400 do certain things, because, like investing, you know your time 0:18:23.440 --> 0:18:26.160 to jump into the housing market or into the investing market, 0:18:26.240 --> 0:18:27.960 whatever it might be, isn't going to be the same 0:18:28.080 --> 0:18:30.280 as someone down the street or your best friend or 0:18:30.280 --> 0:18:33.800 whoever else. It will always be different on your situation. 0:18:34.119 --> 0:18:36.080 And you ain't co signing this mortgage, then you can 0:18:36.119 --> 0:18:39.439 take your advice and take it to the internet streets 0:18:39.440 --> 0:18:42.960 and leave me alone, all right? What about Elon musk 0:18:43.000 --> 0:18:44.720 owns Twitter now trick or treat. 0:18:45.000 --> 0:18:47.000 Or that is a big ass trick? 0:18:50.000 --> 0:18:50.720 I agree? 0:18:51.200 --> 0:18:51.480 Yeah? 0:18:52.240 --> 0:18:54.480 What about the think? I mean, he brought a freaking sink? 0:18:54.680 --> 0:18:55.520 What was that all about? 0:18:55.520 --> 0:18:57.720 I don't even let it sink in. I'm the owner 0:18:57.840 --> 0:19:02.000 of that now. Yeah, yeah, dad joke, Oh my god, 0:19:02.119 --> 0:19:07.239 Well he got a lot of babies, Nick Cannon check. 0:19:07.359 --> 0:19:08.600 Anybody can make a dad job. 0:19:10.480 --> 0:19:12.879 Quirky guy. I think it's more of like the I 0:19:12.880 --> 0:19:16.120 feel like the impact to social media world is what 0:19:16.200 --> 0:19:20.080 I worry more about, because he's going to make some 0:19:20.160 --> 0:19:22.520 pretty big moves with Twitter, I'm sure. I mean, he's 0:19:22.560 --> 0:19:24.879 probably already made a bunch of moves over the last 0:19:24.960 --> 0:19:30.159 forty eight hours. And I think he's going to influence 0:19:30.240 --> 0:19:33.359 what Mark Zuckerberg does with meta and like, you know, 0:19:33.600 --> 0:19:36.560 what other people do with their social media platforms, which 0:19:36.720 --> 0:19:39.960 may not be extremely positive for the overall experience. 0:19:41.119 --> 0:19:43.959 That's my biggest and the fact that he's like, you know, 0:19:44.040 --> 0:19:48.080 he's taking a private which means less oversight. He's doing 0:19:48.080 --> 0:19:50.959 that intentionally so that he can do whatever he wants 0:19:51.280 --> 0:19:54.240 without having an answer to anyone, having to answer to shareholders. 0:19:54.720 --> 0:19:57.760 And I will say the most disturbing thing that I've 0:19:57.760 --> 0:20:02.520 seen is how, you know, the use of the N 0:20:02.640 --> 0:20:09.400