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Speaker 1: Hey, hey va fam, Hope you guys are having a

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Speaker 1: wonderful holiday season. It's Mandy here again with another special

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Speaker 1: look back at one of our best episodes of twenty

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Speaker 1: twenty one. This episode features special guest co host and

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Speaker 1: friend of mine, Chris Browning. He's the host of the

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Speaker 1: popular business and finance podcast Popcorn Finance, and in this episode,

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Speaker 1: Chris gave us a memorable lesson and how to take

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Speaker 1: control of your money and build your wealth. From teaching

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Speaker 1: us how to get past survival mode to learning all

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Speaker 1: new financial rules, Chris can break down everything about finance

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Speaker 1: in the time it takes to literally make a bag

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Speaker 1: of popcorn. Y'all enjoy this episode and happy happy holiday

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Speaker 1: season in a very happy New Year. From Mandy and

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Speaker 1: the entire Brown Ambition team.

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Speaker 2: Hey hey, hey, it is Mandra and I am joined

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Speaker 2: this week very special. This is the kickoff of our

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Speaker 2: summer co host series and our first subber co host

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Speaker 2: is Chris Browning from Popcorn Finance.

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Speaker 3: Hey, Chris, Hey, thank you so much for having me.

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Speaker 3: I'm excited to be joining me.

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Speaker 2: I'm excited too. I feel like we have had these

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Speaker 2: tandem podcasting journeys and it wasn't until not that long

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Speaker 2: ago that we actually connected one on one to get

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Speaker 2: to know each other a little bit.

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Speaker 3: Yeah, I think the pandemic made a lot of zoom

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Speaker 3: meetings possible because we're all at home. Anyways, it did.

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Speaker 2: And remember how our first call, I think it was

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Speaker 2: maybe three like I set up a call with you,

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Speaker 2: and then it was back before I had childcare, and

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Speaker 2: I think you had to endure maybe fifteen minutes of

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Speaker 2: a screaming child before I finally gave up and put

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Speaker 2: you out of your misery and myself, and I was like,

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Speaker 2: let's do this again. And then maybe three months went

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Speaker 2: by and I was like, I finally have childcare, let's talk,

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Speaker 2: let's do it.

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Speaker 3: So yeah, no, I understan. I was like, hey, you

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Speaker 3: can put me on hold and call me back later.

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Speaker 3: It's fine. I understood.

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Speaker 2: Such a gentleman. Well, let's talk about Popcorn Finance for

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Speaker 2: the folks who don't know Popcorn Finance, which is your podcast.

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Speaker 2: It's been around for four years now, right, you also

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Speaker 2: have another podcast. Note, because one is not enough, I

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Speaker 2: don't know how you do two. Your other podcast is

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Speaker 2: called This is Awkward. Talk to the folks and tell

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Speaker 2: them why they should listen.

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Speaker 3: Uh yeah, well thank you for the introduction there. Yeah.

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Speaker 3: So Popcorn Finance it'll be four years at the end

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Speaker 3: of June, which is crazy. I never would have thought

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Speaker 3: it would be going on this long. But it is

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Speaker 3: a short form podcast where I talk about finance and

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Speaker 3: about the time it takes make popcorns. That's where the

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Speaker 3: name of the show comes from. It's like short form.

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Speaker 3: I try to keep the episodes under ten minutes and

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Speaker 3: just talk about all things finance, investing, saving money issues,

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Speaker 3: all that stuff. It's just a place to kind of

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Speaker 3: quickly get into these topics and make it less scary.

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Speaker 3: And as you mentioned, because I apparently don't like the sleep,

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Speaker 3: I'd started another podcast with the first to buying Alison

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Speaker 3: from Inspired Budget. We have a show called This Is Awkward,

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Speaker 3: and that one is a little more fun. It's a

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Speaker 3: little more lighthearted. We have people call in and they

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Speaker 3: share with us awkward money situations that they've dealt with,

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Speaker 3: and then we kind of talked through the situation and

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Speaker 3: gave our advice on how we would have dealt with

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Speaker 3: that or how we've dealt with similar things in the past.

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Speaker 3: So that's the other show have going on.

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Speaker 2: Oh, I love that. Have you ever had I think

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Speaker 2: we might have a usual friend Broke Millennial Aaron Lowry?

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Speaker 2: Have you ever had that on the show?

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Speaker 3: I have multiple times.

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Speaker 2: She wrote a whole book on awkward money conversations. Y'all

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Speaker 2: got to check out the Broke Millennial series. Just a

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Speaker 2: little plug for a pal, but oh god, that, I

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Speaker 2: mean you guys must have endless, endless material because everything

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Speaker 2: about money is awkward.

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Speaker 3: It really is. It really opened my eyes to how

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Speaker 3: many of us deal with these situations. And I think

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Speaker 3: sometimes we think it's like just us, like, oh, we're

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Speaker 3: the only ones with weird family or friends are asking

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Speaker 3: for money. But it's like, no, everybody, everybody's dealing with

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Speaker 3: this stuff.

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Speaker 2: I mean, damn, Like my family, I'm trying to figure

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Speaker 2: out we're supposed to have a family reunion in Atlanta

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Speaker 2: is coming weekend, so it's my first trip with Husbane

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Speaker 2: and the baby. He's I'm like, let's at least so

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Speaker 2: we're vaccinated. Now things are safer. Let's get on the plane.

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Speaker 2: He only rides free for another six months, so I

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Speaker 2: got to take advantage of his free He's still considered

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Speaker 2: an infant, even though he's huge so he's gonna ride

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Speaker 2: for free. We're gonna go to Atlanta and it's a

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Speaker 2: family reunion. And that's the only details I was given.

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Speaker 2: But now it's like my dad is on the outs

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Speaker 2: with my aunt and no one will tell me what

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Speaker 2: I'm like, what do I need to bring? I need

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Speaker 2: to figure out who to give money to. I don't

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Speaker 2: know how much, and it's it's already becoming a delightful

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Speaker 2: dramatic situation. But whatever, I'm just there to eat.

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Speaker 3: So that he had to go into the family situation,

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Speaker 3: just say, hey, I'm just here for the food. Whatever

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Speaker 3: the dramas going on, I'm not a part of that.

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Speaker 2: Do you Is your family like into family reunions? Is

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Speaker 2: that a thing? So? Browning family reunion every year somewhere.

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Speaker 3: My family's from the South, so barely anybody is out

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Speaker 3: here in California. So I only went to work, right right?

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Speaker 3: You just how you're from? So my dad's from Arkansas,

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Speaker 3: My mouns from Louisiana.

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Speaker 2: Okay, that's real, real Southern. Yeah I'm from Georgia. From Atlanta.

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Speaker 3: Oh yeah, you're from a major city. Where are my

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Speaker 3: dad's from? They they got a Walmart and that's pretty much.

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Speaker 2: I'm gonna say that is real, real southern those two

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Speaker 2: states right there. Yeah, so we're both Southern transplants on

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Speaker 2: the coasts. Yeah. So this is a big deal for

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Speaker 2: me to even and I'm not gonna lie. There's been

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Speaker 2: family reunions that I haven't gone to just because you know,

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Speaker 2: it was in Georgia and I'm here in New York

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Speaker 2: and it's always an inconvenient time. But this time, after

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Speaker 2: the pandemic, I think it just helped me realize, you know,

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Speaker 2: how important it is. Like my uncles, God bless them,

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Speaker 2: they survived this pandemic, My great uncles, they're all in

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Speaker 2: their eighties and nineties, it feels like, and so it's

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Speaker 2: really just like a celebration of you know, that side

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Speaker 2: of the family. So I'm excited to, you know, all

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Speaker 2: the drama aside, I'm excited to get us together.

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Speaker 3: Yeah. I mean, if anything, the past year, it kind

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Speaker 3: of does make you appreciate family, especially your older family,

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Speaker 3: because a lot of people don't have family that they

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Speaker 3: had at the start of the pandemic. So it's like,

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Speaker 3: all right, you know, I need to make it morever

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Speaker 3: a point to you know, see my parents and be

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Speaker 3: around these people who you know you're only gonna be

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Speaker 3: around for so long.

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Speaker 2: Absolutely, Yeah, well awkward. I mean, honestly, I've been thinking

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Speaker 2: a lot about awkward money conversations lately because for my

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Speaker 2: husband and I, one of the ongoing arguments I don't

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Speaker 2: know if i'd call it awkward as much as just

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Speaker 2: just a complete difference of opinion about how to spend

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Speaker 2: our money really has has always been for maybe the

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Speaker 2: ninety percent of our relationship, we have spent arguing back

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Speaker 2: and forth about whether or not to get a Tesla. Oh,

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Speaker 2: are you familiar with Tesla's, Chris.

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Speaker 3: I'm very familiar with Tesla's. I've been I've been stalking

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Speaker 3: Tesla's for many years. I've not met one and brought

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Speaker 3: one into my home yet, I've been watching him.

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Speaker 2: Yeah. So that was my husband. I mean, this was

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Speaker 2: one of the first huge fights we ever had. Was

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Speaker 2: when we were it was twenty sixteen or something like that.

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Speaker 2: We had moved in with his parents to pay no

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Speaker 2: rent so that we could save up for our wedding.

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Speaker 2: And you know, and me, I'm the personal finance expert

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Speaker 2: in our relationship, so I like to say, and I'm

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Speaker 2: kind of uptight and maybe a tiny bit of a

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Speaker 2: control freak about our whole saving and plan, you know,

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Speaker 2: especially at that time when we were really working hard

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Speaker 2: to set something aside and pay for the wedding in cash.

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Speaker 2: And at the time, you could reserve a Tesla. I

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Speaker 2: forget which model. It was like the one, two, three

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Speaker 2: X y Z who knows, And I, you know, he

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Speaker 2: talked about Tesla's but I just you know, it's kind

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Speaker 2: of like sports. I just just in one year out

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Speaker 2: the next like, yeah, he's into that thing. Shouldn't get

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Speaker 2: a Like yeah, sure, that sounds like a luxury car.

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Speaker 2: We could never afford, so why even you know, entertain that.

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Speaker 2: But one day I got the mail and there was

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Speaker 2: this letter in it and it was like gratulations, We've

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Speaker 2: we've gotten your one thousand dollars commitment and you're in

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Speaker 2: line to get a Tesla. And I said a lot,

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Speaker 2: oh man, I was mad. I mean, looking back on

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Speaker 2: it now, a thousand. I mean it was. It was

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Speaker 2: a lot of money, especially when we were literally just

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Speaker 2: putting ourselves so in such an uncomfortable situation, living with

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Speaker 2: his parents with one bathroom in a teeny tiny apartment

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Speaker 2: with like no air conditioning, in the warst summer in

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Speaker 2: New York. You know, we were struggling, and I'm like,

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Speaker 2: but you spent like you put down it, not even

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Speaker 2: to get the car, just to get in line for

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Speaker 2: the car. So that is how far back our Tesla,

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Speaker 2: you know, our our Tesla debate has gone, or battle,

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Speaker 2: I should say. And for how many years has it been? Chris?

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Speaker 2: For five, six, seven years? I have held him. I

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Speaker 2: have held it at Bay. We got the we did

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Speaker 2: the wedding, we did the honeymoon, we got our house,

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Speaker 2: we did the renovation, we had a baby, we had

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Speaker 2: a pandemic, and finally I ran out of excuses, Christy,

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Speaker 2: I ran out of reasons not to get a Tesla.

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Speaker 2: That is what happened, and we took the We took

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Speaker 2: our baby Tesla home today from the Tesla, the Tesla

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Speaker 2: cabbage Patch factory thing. Yeah.

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Speaker 3: Well, I mean, well, congratulations on the car. I mean,

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Speaker 3: that's that's some patience to stick it out all of

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Speaker 3: that time, through all those life events and just like

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Speaker 3: hold out hope. Man, I know, I know one day

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Speaker 3: that Tessa's gonna make it home.

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Speaker 2: He really, I mean, he's the underdog in any like

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Speaker 2: sports and sports movie except instead of sports. It's like,

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Speaker 2: I just really want to get this this Tesla. And

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Speaker 2: the number of people we haven't told a lot of

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Speaker 2: people but friends and family who he's told, I mean,

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Speaker 2: everyone knows what it means to him, because that is

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Speaker 2: how obsessed this man has been with this car. But

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Speaker 2: he's very consistent. I mean he literally installed are you handy?

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Speaker 2: I know, do you guys a house? Are you renting?

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Speaker 3: We're renting, so, I mean I can. I can only

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Speaker 3: do so much, but I can. I can use a

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Speaker 3: power drill. I can say I could do that much.

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Speaker 2: Okay, that's pretty impressive. Well, we were renting. We rented

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Speaker 2: for so long before we got the house, and he

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Speaker 2: literally he went to the library took out a book

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Speaker 2: on how to do his own electric and he has

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Speaker 2: been doing all these little electrical projects. And he actually

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Speaker 2: installed the charging station for the Tesla, like he made

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Speaker 2: it himself before he even had a Tesla, Like he

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Speaker 2: has been manifesting this Tesla for such a long time.

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Speaker 2: And to see his face it was actually I was

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Speaker 2: excited too. It's not like I don't like nice things,

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Speaker 2: you know, Like I love electric vehicles. They're the way

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Speaker 2: of the future. All that stuff. It was. It's a

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Speaker 2: cool car, but it's just so not anything I had ever,

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Speaker 2: you know, in terms of like my values, it's never

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Speaker 2: I was never going to spend a lot of money

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Speaker 2: on a car. It just wasn't a part of my

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Speaker 2: personal I don't know idea of what my values are

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Speaker 2: when it comes to money. Do you and your do

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Speaker 2: you and your wife? Do y'all have those types of

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Speaker 2: like stalemates where it's just about your value my value?

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Speaker 2: For example, I would I would choose travel over everything,

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Speaker 2: and Enrique was like, I really want this car, and

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Speaker 2: that's where we kind of came to head. So do

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Speaker 2: you guys have any of those big like disagreements.

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Speaker 3: Yeah, I mean we definitely have. I mean I want

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Speaker 3: to say too, but that that's some dedication. He was like,

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Speaker 3: it's just prepping. He was prepping. He put his own

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Speaker 3: charger in there in advance. He just knew what was

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Speaker 3: gonna happen. I just fan, that's I'm impressed. Uh, we've

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Speaker 3: had those for sure. Like I think I'm more on

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Speaker 3: your side where I'm like, Okay, I have these financial goals.

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Speaker 3: I'm not doing anything else until I get to where

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Speaker 3: I'm going on this and I'm also I'm not a

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Speaker 3: big spender, Like I'll spend occasionally, but I don't. It

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Speaker 3: doesn't bother me not to, like, you know, say all right,

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Speaker 3: I'm not going to do this because it costs money,

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Speaker 3: and I'll just I'll be fine. And I think that's

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Speaker 3: where we butt it. It's because for my wife, she's like, look, well,

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Speaker 3: look we need if we need this for the house

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Speaker 3: or we need to do this, and it's important, it's

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Speaker 3: worth the money. And I'm like, what, But is it though? Really,

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Speaker 3: like is it really worth the money? Because I'm kind

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Speaker 3: of liking seeing the savings account to actually grow. Is

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Speaker 3: it really worth it? Like I can give up a

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Speaker 3: lot just for the satisfaction of seeing that I have

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Speaker 3: something in savings, That's what I'm saying. So we've definitely.

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Speaker 2: What's the money Therefore, if not to just see it

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Speaker 2: like I see it, I want to feel it, I

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Speaker 2: want to like play and roll around in it digitally.

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Speaker 2: Of course, it's really hard to give it up. It's

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Speaker 2: really hard, it is.

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Speaker 3: It almost it almost hurts a little bit. There's been

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Speaker 3: times where stuff has come up and we've had to

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Speaker 3: like pull a big chunk from the savings and I

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Speaker 3: feel like I was physically in pain when I went

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Speaker 3: and pulled the money out, like it hurt me, and

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Speaker 3: I was like, maybe I shouldn't care this much, but

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Speaker 3: you know, it's just one of those things where it's

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Speaker 3: like this, it's like my example of my hard work.

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Speaker 3: Like I seeing that balance is like, look, we did that,

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Speaker 3: we made we made it. We made it to this point,

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Speaker 3: and it's hard. It's hard to give it up.

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Speaker 2: Yeah, that's how I felt anytime we've like we paid

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Speaker 2: off the last bit of our home renovation last summer

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Speaker 2: and it was like a twenty thousand dollars hit all

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Speaker 2: at once because we had finance something zero percent, and

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Speaker 2: which was great for the eighteen months we had at

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Speaker 2: zero percent, but then you had to the way the

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Speaker 2: low of course, the way the loan worked was that

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Speaker 2: you were never going to pay it off if you

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Speaker 2: just did the minimum payments until the end of the

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Speaker 2: eighteen months. And then of course they yeah, of course,

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Speaker 2: and they had the like deferred interest clause, which basically says,

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Speaker 2: if you leave even one penny left on this loan

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Speaker 2: after this promotional period's over, oh we're going to pretend

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Speaker 2: like you always paid interest on this huge loan and

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Speaker 2: we're going to attach it. We're going to add it

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Speaker 2: right on top of what's left. So we you know,

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Speaker 2: had that big kind of lump sum payment that went out,

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Speaker 2: and yeah, it's been but that's always been my excuse.

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Speaker 2: I'm always like, Okay, you know, we're going to get

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Speaker 2: this house. That's a big chunk for the down payment,

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Speaker 2: then the renovation. Okay, let's get that out of the way.

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Speaker 2: And then I literally just ran out of things and he's, yeah,

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Speaker 2: it's but I have to say, as painful as it

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Speaker 2: can be, at least it has brought him joy.

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Speaker 3: You know.

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Speaker 2: I think that's where I was really too stubborn a

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Speaker 2: little bit, was I And I apologie. I really did

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Speaker 2: apologize to him. I don't know, I just because for him,

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Speaker 2: and he really sat down and he's like, look, look,

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Speaker 2: it's almost as if you're saying what I value doesn't matter.

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Speaker 2: You know. What I value is amazing technology, safe travel.

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Speaker 2: You know, I want to be a part of you know,

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Speaker 2: clean technology, like this electric vehicle. He and he's an

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Speaker 2: expert in this car and the company. He's read the

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Speaker 2: damn book, you know on what's his face? The CEO

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Speaker 2: Elon Musk like he's read his memoir. He's he's all in.

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Speaker 2: You know, we even own Tesla stock, and he had

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Speaker 2: been saving this past year. He had an investment account

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Speaker 2: and then he also was putting aside money to save

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Speaker 2: for his Tesla. So and he's like, honestly, it's starting

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Speaker 2: to really get ridiculous the fact that you're not willing

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Speaker 2: to budge here. And but yeah, I was just so

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Speaker 2: single minded, and it feels good to just like get

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Speaker 2: over myself a little bit and have some damn fun

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Speaker 2: with the money that we've you know, work so hard for.

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Speaker 3: You know, it's one of those things where you kind

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Speaker 3: of can get the tunnel vision almost and you just

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Speaker 3: forget that there is some enjoyment that comes with and

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Speaker 3: enjoying the money that you worked hard to earn. Yeah,

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Speaker 3: and you kind of just I don't know, and especially

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Speaker 3: like I think too. For me, it was hard seeing

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Speaker 3: from my wife's point of view the things that she

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Speaker 3: values that sometimes you know, if it does cost money,

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Speaker 3: it's it's worth it because it's meaningful, it had, it

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Speaker 3: brings joy, It adds to your life, to her life,

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Speaker 3: having these things, and it's not just so, you know,

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Speaker 3: I just want to spend money. It's like, no, these

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Speaker 3: are things I value doing, and just because I don't

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Speaker 3: value them doesn't make them valuable to someone else. And

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Speaker 3: that's it's hard to it's kind of hard to repre

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Speaker 3: hit your head around that.

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Speaker 2: I mean, what's your guilty pleasure. Don't you have like

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Speaker 2: a tiny house addiction? I do kind of come home

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Speaker 2: with a tiny house.

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Speaker 3: One day, you know, if I could, if it wasn't

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Speaker 3: so hard at California, I might have bought one. At

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Speaker 3: this point, I would say, I don't. That's the thing.

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Speaker 3: I don't really buy too many things. But technology is

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Speaker 3: probably my weakness when it comes to like gadgets and

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Speaker 3: devices and computers and tablets and microphones things like that.

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Speaker 3: But I kind of can hide that behind the podcast.

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Speaker 3: I think that's how I convinced myself, well, I'm not

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Speaker 3: really spending Yeah, this is a business expense, right, that

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Speaker 3: is for sure. My weakness is like anything that connects

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Speaker 3: to the internet, I'm eyeing. Yeah.

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Speaker 2: I told him. I was like, I feel like a

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Speaker 2: real hypocrite when I start thinking about all the money

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Speaker 2: we spent on Broadway, and I mean the things that

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Speaker 2: I've enjoyed doing vacations and stuff and he's like, can

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Speaker 2: I have something? So we got and you know what,

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Speaker 2: the Tesla purchase, I have to say, was made possible

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Speaker 2: in part by this crazy, ridiculous economy that we have

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Speaker 2: right now that has somehow made used cars more valuable

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Speaker 2: than they were a year ago, which is insane. So

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Speaker 2: we actually, yeah, we ended up selling our We had

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Speaker 2: a twenty sixteen Mazda some CX five. I think we

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Speaker 2: ended up listing that on Facebook marketplace to sell it,

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Speaker 2: and kind of we weren't necessarily going to sell it,

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Speaker 2: but when we actually looked at what we could get

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Speaker 2: for it. I think Enrique, my husband, he had checked

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Speaker 2: a year ago and saw that the car was valued

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Speaker 2: at thirteen thousand dollars on the resale market today it's

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Speaker 2: valued us It was valued at sixteen thousand dollars, or

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Speaker 2: at least that's what we sold it for.

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Speaker 3: That makes no sense.

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Speaker 2: It's crat cray. We bought it for nineteen thousand, like

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Speaker 2: five years ago. You know, that's just not a thing

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Speaker 2: that cars do. I thought, so by selling it, we

365
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Speaker 2: definitely were able to eat away some of the cost

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Speaker 2: of upfront costs of the Tesla, and you know that

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Speaker 2: felt good. And kind of take advantage of this topsy

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Speaker 2: turvy economy right now.

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Speaker 3: Yeah, you know, funny enough. I had a friend yesterday.

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Speaker 3: I met it with him for the first time since

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Speaker 3: the pandemic started, and we were talking about the used

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Speaker 3: car market and I told him, yeah, my car. I

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Speaker 3: bought a used car. It was a twenty fourteen Hondai.

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Speaker 3: I bought it in twenty seventeen and I'm sorry, twenty nineteen.

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Speaker 3: I bought it and it all. I bought it for

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Speaker 3: twenty one thousand, and it's now worth nineteen thousand, five

377
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Speaker 3: hundred and I've had this star for three years. And

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Speaker 3: he's like, you just need to sell it. And I

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Speaker 3: was like, but then I got to buy another car.

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Speaker 2: You got to buy another car. Yep.

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Speaker 3: But really he was really pushing me. He's like, well,

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Speaker 3: just buy a new car. Then I was like, well, hey,

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Speaker 3: it's easy for you to make decisions with my money.

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Speaker 3: But I'm he's really getting into my head.

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Speaker 4: Now.

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Speaker 3: I'm like, well, I don't know, because I mean, I'm

387
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Speaker 3: not going to lie that I have not also been

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Speaker 3: looking at Teslas.

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Speaker 2: I mean, that's the thing. I mean, if this is

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Speaker 2: the rationale, and believe me, we were just at a

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Speaker 2: friend's house yesterday, and Enrique has now become that friend

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Speaker 2: at the cookout who had a really lucky set of

393
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Speaker 2: circumstances happened, and he's like ready to tell everybody to

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Speaker 2: follow in his footsteps. Listen, don't be that person at

395
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Speaker 2: the cookout. Not everybody like can do the things that

396
00:18:58,240 --> 00:19:01,320
Speaker 2: worked out specifically for you and situation. But he's like, yeah,

397
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Speaker 2: you should sell your car, you know, to our cousin.

398
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Speaker 2: Sell your car and then you can get enough something else.

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Speaker 2: But the other thing is like, do you own that

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Speaker 2: car outright or do you still have a loan on it?

401
00:19:11,040 --> 00:19:12,879
Speaker 3: That's the thing. It's completely paid off and it's been

402
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Speaker 3: paid off for a year now.

403
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Speaker 2: Oh yeah, well then see our car was paid off too,

404
00:19:17,480 --> 00:19:20,119
Speaker 2: and that's where that's really where you can get the value.

405
00:19:20,160 --> 00:19:21,639
Speaker 2: So if you have a lean on your car, so

406
00:19:21,680 --> 00:19:23,879
Speaker 2: if you own or sorry, if you owe anything on

407
00:19:23,920 --> 00:19:27,080
Speaker 2: a loan or you're still financing it, it's really tricky

408
00:19:27,119 --> 00:19:29,880
Speaker 2: to then try and sell that car. It's especially if

409
00:19:29,880 --> 00:19:32,280
Speaker 2: you do it yourself, like as a private seller. I

410
00:19:32,280 --> 00:19:34,600
Speaker 2: guess you have to like pay the loan back and

411
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Speaker 2: then get the title and then sell it to someone else.

412
00:19:37,640 --> 00:19:39,800
Speaker 2: But that's a you know, may not be something that

413
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Speaker 2: someone's willing to do. But for us, it really did

414
00:19:44,040 --> 00:19:45,639
Speaker 2: make sense to just go ahead and sell it. We

415
00:19:45,680 --> 00:19:48,280
Speaker 2: owned the title, owned it out right. We could have

416
00:19:48,480 --> 00:19:52,240
Speaker 2: traded it in. Tesla offered us fourteen thousand, but then

417
00:19:52,440 --> 00:19:54,760
Speaker 2: our financial planner was like, you know what, I really

418
00:19:54,800 --> 00:19:57,159
Speaker 2: think you guys should post it. I've sold all my

419
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Speaker 2: cars on Craigslist and I get way more. And sure

420
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Speaker 2: we got it sold within like ten hours for sixteen thousand.

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Speaker 3: That's that's amazing, And I mean it just goes to

422
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Speaker 3: show you too. Like these dealers, I mean, obviously they're

423
00:20:09,280 --> 00:20:11,040
Speaker 3: a business, so they're trying to get this car from

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Speaker 3: you as cheap as possible because they know how much

425
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Speaker 3: more it's worth.

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Speaker 2: You know who bought it from us, a used car

427
00:20:16,160 --> 00:20:19,600
Speaker 2: dealer really, so even he's planning to sell it for

428
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Speaker 2: more than that. I don't like, good good good luck,

429
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Speaker 2: my friend, good luck. But yeah, it's a it's a

430
00:20:25,960 --> 00:20:28,840
Speaker 2: Craig Kray world out there. So I guess for y'all,

431
00:20:29,480 --> 00:20:32,200
Speaker 2: I mean, how close are you to is your rationale? Like, Okay,

432
00:20:32,359 --> 00:20:34,040
Speaker 2: you know the car is worth a lot more now,

433
00:20:34,119 --> 00:20:36,080
Speaker 2: so if I do sell it I would have more

434
00:20:36,119 --> 00:20:39,359
Speaker 2: money in the bank for a nicer car, maybe a

435
00:20:39,400 --> 00:20:43,400
Speaker 2: new car. How you're feeling well?

436
00:20:43,440 --> 00:20:46,359
Speaker 3: How I before my friend bombarded me with this his

437
00:20:46,480 --> 00:20:49,520
Speaker 3: argument for why I should sell my car. My mind

438
00:20:49,640 --> 00:20:51,600
Speaker 3: was like, well, look, I don't have a car payment

439
00:20:51,640 --> 00:20:53,280
Speaker 3: right now, and I'm really liking this is the first

440
00:20:53,320 --> 00:20:55,080
Speaker 3: time in my life I've not had a car payment.

441
00:20:55,160 --> 00:20:56,840
Speaker 2: It's a good life, it is.

442
00:20:56,880 --> 00:20:58,439
Speaker 3: And I was like, it's just like, man, there's just

443
00:20:58,440 --> 00:21:01,960
Speaker 3: so much more money in my bank account. So I've

444
00:21:02,000 --> 00:21:04,840
Speaker 3: been like a hard set on. I'm never selling this car.

445
00:21:04,880 --> 00:21:06,960
Speaker 3: I'm only gonna sell it when it breaks down on

446
00:21:07,000 --> 00:21:08,240
Speaker 3: the side of the road and I can't get to

447
00:21:08,240 --> 00:21:12,199
Speaker 3: start it again. But he was making good arguments, So

448
00:21:12,240 --> 00:21:14,520
Speaker 3: that's the hard part. When your friends make arguments that

449
00:21:14,560 --> 00:21:17,680
Speaker 3: are actually legit about spending money. It kind of like

450
00:21:18,119 --> 00:21:20,399
Speaker 3: it started rattling my mind a little bit. So I

451
00:21:20,400 --> 00:21:22,240
Speaker 3: haven't made any decisions. I'm just trying to forget that

452
00:21:22,240 --> 00:21:24,879
Speaker 3: he talked to me about this, But it's in the

453
00:21:24,920 --> 00:21:26,359
Speaker 3: back of my mind. I'm thinking I may make a

454
00:21:26,359 --> 00:21:28,760
Speaker 3: spreadsheet and run some numbers.

455
00:21:29,000 --> 00:21:31,600
Speaker 2: Is it because rates are also really low right now?

456
00:21:32,280 --> 00:21:34,680
Speaker 3: Yeah, I mean, that's the thing he was finance it.

457
00:21:34,680 --> 00:21:37,840
Speaker 3: It would be so cheap to finance a difference right now,

458
00:21:38,040 --> 00:21:39,480
Speaker 3: and it wouldn't even be like I don't even feel

459
00:21:39,480 --> 00:21:40,199
Speaker 3: guilty about it.

460
00:21:41,600 --> 00:21:44,359
Speaker 2: But free money. Well, I mean, our rate was two

461
00:21:44,400 --> 00:21:48,520
Speaker 2: point four and we have near perfect credit. I really

462
00:21:48,560 --> 00:21:50,600
Speaker 2: wanted like a one point nine, but it just wasn't

463
00:21:50,680 --> 00:21:53,840
Speaker 2: going to happen. I think you can get those rates

464
00:21:53,840 --> 00:21:55,600
Speaker 2: as low if you look at credit unions and stuff.

465
00:21:55,600 --> 00:22:00,320
Speaker 2: But anyway, didn't happen for us. But yeah, that's kind

466
00:22:00,320 --> 00:22:02,760
Speaker 2: of did it for me too. I So now we

467
00:22:02,840 --> 00:22:05,800
Speaker 2: have a car note for the first time in five years,

468
00:22:05,800 --> 00:22:09,840
Speaker 2: and I don't love it. But but here's the thing,

469
00:22:09,920 --> 00:22:13,040
Speaker 2: chris By, not fine By. We could have paid cash

470
00:22:13,080 --> 00:22:14,879
Speaker 2: for the whole thing. That's the thing. My and my

471
00:22:14,960 --> 00:22:17,480
Speaker 2: planner was like, Mandy, you know what the right you

472
00:22:17,560 --> 00:22:20,720
Speaker 2: know what the rationale is right, you can invest that

473
00:22:20,880 --> 00:22:24,840
Speaker 2: money instead, and you're gonna make more than that little

474
00:22:24,880 --> 00:22:27,840
Speaker 2: two percent, most likely in an investment account. So I'm

475
00:22:27,880 --> 00:22:30,359
Speaker 2: trying to level up my I'm trying to go to

476
00:22:30,400 --> 00:22:34,280
Speaker 2: the next level. You know, there were certain like protective

477
00:22:34,640 --> 00:22:38,080
Speaker 2: strategies and mindsets that definitely got us where we are today,

478
00:22:38,160 --> 00:22:41,240
Speaker 2: but like for that next level wealth building. We gotta

479
00:22:41,320 --> 00:22:44,400
Speaker 2: think a little different. We gotta like think think rich.

480
00:22:44,480 --> 00:22:46,879
Speaker 2: Literally we meaning me and my husband. You know, you

481
00:22:46,920 --> 00:22:47,800
Speaker 2: do your thing, but.

482
00:22:48,680 --> 00:22:51,320
Speaker 3: No, you're right. You're right because it's one of those

483
00:22:51,320 --> 00:22:54,200
Speaker 3: things where it's hard to let yourself like you're thinking

484
00:22:54,240 --> 00:22:56,080
Speaker 3: kind of change. It feels like wrong, say look, I

485
00:22:56,080 --> 00:22:58,200
Speaker 3: did this, it worked. I just keep doing this forever.

486
00:22:58,680 --> 00:23:01,080
Speaker 3: But you can like this. Different stages to life is

487
00:23:01,119 --> 00:23:03,400
Speaker 3: if everyone's in a different position and something that worked

488
00:23:03,440 --> 00:23:05,520
Speaker 3: for you, you know, or work for me five years ago,

489
00:23:06,000 --> 00:23:07,960
Speaker 3: doesn't mean something different won't work now. It's like you know,

490
00:23:08,119 --> 00:23:11,679
Speaker 3: it's it's getting your mind open to changing and thinking

491
00:23:11,680 --> 00:23:14,679
Speaker 3: about different ways of building wealth and not just like

492
00:23:14,680 --> 00:23:16,719
Speaker 3: I don't I find myself being stuck in the oh,

493
00:23:16,720 --> 00:23:18,439
Speaker 3: I'm paying off debt mindset that I was in for

494
00:23:18,520 --> 00:23:20,960
Speaker 3: years and not in the Hey, now I want to

495
00:23:20,960 --> 00:23:23,400
Speaker 3: build wealth and really look for the future.

496
00:23:24,400 --> 00:23:26,600
Speaker 2: When you think about building wealth, what does that look

497
00:23:26,720 --> 00:23:28,720
Speaker 2: like for you?

498
00:23:28,720 --> 00:23:29,919
Speaker 3: You know? For me, I think the first thing that

499
00:23:29,960 --> 00:23:36,080
Speaker 3: always pops into my mind is freedom and having choice

500
00:23:36,160 --> 00:23:40,680
Speaker 3: and options. And I really like the idea of being

501
00:23:40,680 --> 00:23:42,720
Speaker 3: at a point where it's like if I want to

502
00:23:42,760 --> 00:23:45,320
Speaker 3: do something different, like career wise, because I don't know.

503
00:23:45,320 --> 00:23:46,840
Speaker 3: I don't necessarily want to get to a point like

504
00:23:47,000 --> 00:23:49,119
Speaker 3: where I'm younger and I'm not working at all, but

505
00:23:49,320 --> 00:23:51,600
Speaker 3: where I can just choose, you know what, this is

506
00:23:51,640 --> 00:23:54,720
Speaker 3: meaningful for me, this project, or working with this organization,

507
00:23:54,920 --> 00:23:59,320
Speaker 3: or just doing something completely different. It's okay because I'm

508
00:23:59,320 --> 00:24:01,960
Speaker 3: not bound by the need to have to have a

509
00:24:02,000 --> 00:24:04,800
Speaker 3: certain amount of money, because I've already accumulated enough wealth

510
00:24:04,840 --> 00:24:06,720
Speaker 3: to have those that freedom. And I think that's just

511
00:24:06,720 --> 00:24:10,679
Speaker 3: something really like powerful about saying, look, I have choices.

512
00:24:10,800 --> 00:24:12,560
Speaker 3: I can make this decision because I want to that

513
00:24:12,640 --> 00:24:14,879
Speaker 3: because I'm looking at my bank account and I got

514
00:24:15,000 --> 00:24:16,280
Speaker 3: obligation sitting there for me.

515
00:24:17,040 --> 00:24:19,560
Speaker 2: Yeah, I think for me it's also I mean, it's

516
00:24:19,560 --> 00:24:22,120
Speaker 2: definitely freedom. But I'm trying to be more specific now.

517
00:24:22,520 --> 00:24:25,000
Speaker 2: I think I've gotten to the point now where it's okay,

518
00:24:25,040 --> 00:24:27,720
Speaker 2: what's the number? You know, what is what's the new goal?

519
00:24:28,160 --> 00:24:30,199
Speaker 2: I was similar to you, you know, I'm well, now are

520
00:24:30,240 --> 00:24:32,959
Speaker 2: you a I consider myself now. I think we're supposed

521
00:24:33,000 --> 00:24:39,399
Speaker 2: to be like called geriatric millennials now here. I know

522
00:24:39,480 --> 00:24:41,960
Speaker 2: it's so terrible, but that's like the new thing older

523
00:24:42,000 --> 00:24:44,480
Speaker 2: millennials who've got you know, we got a little we've

524
00:24:44,480 --> 00:24:46,520
Speaker 2: paid off the student loan debt or it didn't really

525
00:24:46,560 --> 00:24:48,320
Speaker 2: have that much, and now we've got like kids and

526
00:24:48,359 --> 00:24:50,280
Speaker 2: a mortgage and all that kind of stuff, just old

527
00:24:50,320 --> 00:24:54,560
Speaker 2: fuddy dudy millennials. And for me, it's like, Okay, the

528
00:24:54,600 --> 00:24:58,000
Speaker 2: next step is, you know, maybe getting a lot more

529
00:24:58,040 --> 00:25:02,280
Speaker 2: specific and like and you know, the tried and true

530
00:25:02,359 --> 00:25:04,399
Speaker 2: rules of thumb that I abided by in the past,

531
00:25:04,680 --> 00:25:06,680
Speaker 2: I've got to come up with new rules. I got

532
00:25:06,680 --> 00:25:10,199
Speaker 2: to figure out how did the uber wealthy, how did

533
00:25:10,240 --> 00:25:13,119
Speaker 2: they operate? And I need to start being on that level.

534
00:25:13,160 --> 00:25:17,600
Speaker 2: And it's scary, but it's also kind of it's exciting.

535
00:25:17,640 --> 00:25:19,920
Speaker 2: And for me, you know, I don't have a ton

536
00:25:20,000 --> 00:25:23,040
Speaker 2: of I don't have any anyone in my family necessarily

537
00:25:23,080 --> 00:25:26,359
Speaker 2: to look to for tips. I do have a financial planner,

538
00:25:26,359 --> 00:25:28,639
Speaker 2: but I'm trying to find you know, maybe even like

539
00:25:28,680 --> 00:25:31,280
Speaker 2: different podcasts or different books I can start reading, just

540
00:25:31,280 --> 00:25:35,120
Speaker 2: to like literally think how the wealthy think. In my mind,

541
00:25:35,160 --> 00:25:37,359
Speaker 2: I was like, I want to I want to invest

542
00:25:37,400 --> 00:25:39,040
Speaker 2: till I have two million dollars and I want to

543
00:25:39,040 --> 00:25:41,760
Speaker 2: be there and you know the next five years. And

544
00:25:41,840 --> 00:25:44,840
Speaker 2: someone was like, why don't you make a million? Dollars

545
00:25:45,240 --> 00:25:47,600
Speaker 2: like in a weekend. If you learn to trade stocks,

546
00:25:47,600 --> 00:25:51,480
Speaker 2: and I'm like, I don't, it does not compute. I

547
00:25:51,480 --> 00:25:55,879
Speaker 2: don't want to. But people are doing it, so yeah,

548
00:25:55,920 --> 00:25:59,880
Speaker 2: it's it's exciting slash really really intimidating.

549
00:26:00,720 --> 00:26:02,760
Speaker 3: Yeah, it really is. And I think that's the hard

550
00:26:02,800 --> 00:26:06,560
Speaker 3: part right now too, is there's there's so many people

551
00:26:06,560 --> 00:26:08,600
Speaker 3: in the news making a bunch of money from all

552
00:26:08,680 --> 00:26:11,800
Speaker 3: these different things going on right now. Yeah, and it's

553
00:26:11,960 --> 00:26:14,600
Speaker 3: I don't know, it's very tempting. I'm what I'm finding

554
00:26:14,600 --> 00:26:16,479
Speaker 3: more and more about myself is I'm very risk averse.

555
00:26:16,520 --> 00:26:20,359
Speaker 3: I'm very like, hey, you know what, I would like

556
00:26:20,440 --> 00:26:23,320
Speaker 3: to do some things, but I'm not comfortable risking what

557
00:26:23,440 --> 00:26:26,040
Speaker 3: I've worked so hard to save up. And it's a

558
00:26:26,040 --> 00:26:27,720
Speaker 3: hard mindset shift for me to make it be like,

559
00:26:27,760 --> 00:26:29,679
Speaker 3: all right, you know what, maybe I should I have

560
00:26:29,760 --> 00:26:32,359
Speaker 3: my emergency fund, I'm investing for retirement. Maybe I should

561
00:26:32,400 --> 00:26:36,440
Speaker 3: look at other opportunities. But I'm always like, hey, I

562
00:26:36,560 --> 00:26:38,359
Speaker 3: this took a long time. Let me let me uh,

563
00:26:38,480 --> 00:26:40,160
Speaker 3: let me slow down on any of these other ideas

564
00:26:40,200 --> 00:26:41,040
Speaker 3: people are thrown at me.

565
00:26:41,680 --> 00:26:45,280
Speaker 2: Yeah, just exactly. You're like in the protect phase, which

566
00:26:45,320 --> 00:26:47,600
Speaker 2: is fine, you know, you want to protect what you've built.

567
00:26:48,280 --> 00:26:51,119
Speaker 2: But we'll see. I mean, you know, not too uh

568
00:26:51,200 --> 00:26:54,040
Speaker 2: not to pure preshy. But the Tesla does ride really

569
00:26:54,119 --> 00:26:59,199
Speaker 2: really nice to the Starbucks. But you know what, we

570
00:26:59,240 --> 00:27:01,080
Speaker 2: got caught in a huge traffic jam and I was like, well,

571
00:27:01,080 --> 00:27:03,360
Speaker 2: it's still gets stuck in traffic just like another car does.

572
00:27:03,440 --> 00:27:07,880
Speaker 2: So it doesn't have any magical like traffic avoiding properties

573
00:27:07,920 --> 00:27:09,199
Speaker 2: that would really be valuable to me.

574
00:27:09,560 --> 00:27:11,239
Speaker 3: I know. But then they can drive itself though, as

575
00:27:11,240 --> 00:27:13,200
Speaker 3: your husband like trying to talk about his plans to

576
00:27:13,200 --> 00:27:15,240
Speaker 3: take a nap while he's like commuting or anything like that.

577
00:27:15,800 --> 00:27:18,479
Speaker 2: No, I don't think that that's a feature we're going

578
00:27:18,520 --> 00:27:19,960
Speaker 2: to be turning on. I don't even know if but

579
00:27:20,480 --> 00:27:23,640
Speaker 2: I forgot about that. Can it drive itself? I don't know, Chris,

580
00:27:23,760 --> 00:27:26,800
Speaker 2: I just don't know. I had a hard time figuring

581
00:27:26,800 --> 00:27:29,000
Speaker 2: out how to turn the air conditioning on earlier, let

582
00:27:29,040 --> 00:27:35,240
Speaker 2: alone auto pilot. That's true, Baby steps, Baby steps. Well,

583
00:27:35,320 --> 00:27:37,080
Speaker 2: it's really fun to have you on the show. Why

584
00:27:37,080 --> 00:27:39,520
Speaker 2: don't we take a quick break and we'll be right

585
00:27:39,560 --> 00:28:17,320
Speaker 2: back to answer some of y'all's questions. All right, we

586
00:28:17,400 --> 00:28:19,760
Speaker 2: are back, and yes, I am joined by the one

587
00:28:19,760 --> 00:28:23,560
Speaker 2: and only Chris Browning, who is filling some very big

588
00:28:23,880 --> 00:28:26,240
Speaker 2: budget needs to shoes. How's it going, Chris? How are

589
00:28:26,240 --> 00:28:26,920
Speaker 2: you feeling so far?

590
00:28:27,480 --> 00:28:30,040
Speaker 3: I was fine, and now you made me nervous. Okay,

591
00:28:30,080 --> 00:28:31,800
Speaker 3: I'm just joking, joking.

592
00:28:31,880 --> 00:28:33,640
Speaker 2: Okay, I should have made you do the hey hey hey,

593
00:28:34,320 --> 00:28:37,320
Speaker 2: oh god. Well, we are here to answer your questions

594
00:28:37,400 --> 00:28:40,400
Speaker 2: and never fear even without Tiffany. Here, we have Chris

595
00:28:40,440 --> 00:28:43,240
Speaker 2: from the Popcorn Finance here to help me tackle y'all's

596
00:28:43,280 --> 00:28:46,920
Speaker 2: personal finance and career questions. Okay, so we've got some

597
00:28:46,960 --> 00:28:51,600
Speaker 2: excellent questions from IG. First one comes from listener Lachene

598
00:28:52,080 --> 00:28:55,200
Speaker 2: Lachine says, I just found your podcast after buying Tiffany's book,

599
00:28:55,200 --> 00:28:57,880
Speaker 2: and I'm obsessed in her book, which is I will

600
00:28:57,880 --> 00:29:00,560
Speaker 2: add here you guys called Get Good with My which

601
00:29:00,600 --> 00:29:02,920
Speaker 2: you can get I get Good with Money dot com.

602
00:29:02,960 --> 00:29:06,400
Speaker 2: It's an eight week national wait, eight week New York

603
00:29:06,400 --> 00:29:10,120
Speaker 2: Times bestseller. At this point, it's insane anyway, So Laschen

604
00:29:10,160 --> 00:29:12,600
Speaker 2: found us through her book. She says, in the book,

605
00:29:12,600 --> 00:29:15,840
Speaker 2: Tiffany talked about determining if you have a budgeting problem

606
00:29:15,960 --> 00:29:19,160
Speaker 2: or an income slash earning problem, and I think I

607
00:29:19,200 --> 00:29:21,680
Speaker 2: have an earning problem. When I wanted to get y'all's opinion,

608
00:29:22,240 --> 00:29:25,440
Speaker 2: I make fifty thousand dollars a year. After taxes and

609
00:29:25,560 --> 00:29:29,840
Speaker 2: insurance and my retirement retirement savings, I'm left with about

610
00:29:29,840 --> 00:29:33,520
Speaker 2: twenty nine hundred dollars per month. I can comfortably pay

611
00:29:33,560 --> 00:29:36,640
Speaker 2: my bills, save for travel, and add money to my IRA,

612
00:29:36,880 --> 00:29:39,880
Speaker 2: but that's about it. I want to save more, but

613
00:29:39,960 --> 00:29:42,680
Speaker 2: there's nowhere else in my budget. I feel like I

614
00:29:42,720 --> 00:29:46,040
Speaker 2: can slice and dice. What do you guys think? So

615
00:29:46,040 --> 00:29:48,440
Speaker 2: what's your take on like a budget versus an income problem?

616
00:29:48,520 --> 00:29:52,480
Speaker 3: Chris, This is a great question here, and I think

617
00:29:52,800 --> 00:29:55,520
Speaker 3: sometimes we do get trapped in they Okay, let's let's budget,

618
00:29:55,600 --> 00:29:57,720
Speaker 3: let's cut and let's save where we can. Which is

619
00:29:57,720 --> 00:30:00,720
Speaker 3: good to go through and evaluate your budgets where you're

620
00:30:00,760 --> 00:30:03,960
Speaker 3: maybe wasting money. But the only thing is you can

621
00:30:04,040 --> 00:30:06,600
Speaker 3: only cut so much. If you've already you got your

622
00:30:06,600 --> 00:30:09,320
Speaker 3: stuff under control, and you're really diligent with how you spend,

623
00:30:09,560 --> 00:30:11,160
Speaker 3: you're gonna get to a point where you just can't

624
00:30:11,320 --> 00:30:14,440
Speaker 3: cut anything else. And if you want to increase your

625
00:30:14,720 --> 00:30:17,080
Speaker 3: or increase the money available to invest and do other

626
00:30:17,120 --> 00:30:20,080
Speaker 3: things with, yeah, you have to make more, which is

627
00:30:19,840 --> 00:30:24,680
Speaker 3: it's much harder than cutting, but it's way more impactful

628
00:30:24,760 --> 00:30:25,440
Speaker 3: in the long run.

629
00:30:26,000 --> 00:30:28,280
Speaker 2: Yeah, I mean, if you guys need to hear it

630
00:30:28,320 --> 00:30:30,280
Speaker 2: here first. Although I'm pretty sure we've said it before,

631
00:30:30,680 --> 00:30:33,680
Speaker 2: you cannot budget your way to wealth building. You can't

632
00:30:33,680 --> 00:30:36,680
Speaker 2: do it. You cannot become rich by budgeting. You can

633
00:30:36,760 --> 00:30:39,640
Speaker 2: get part of the way there, certainly you can, and

634
00:30:39,680 --> 00:30:42,239
Speaker 2: it's certainly a good starting point. And I think at

635
00:30:42,920 --> 00:30:44,720
Speaker 2: most levels you should have at least an idea of

636
00:30:44,800 --> 00:30:47,120
Speaker 2: what's going in and what's going out and what's left over.

637
00:30:47,440 --> 00:30:50,360
Speaker 2: Budgeting is amazing, but it ain't going to get you there.

638
00:30:50,440 --> 00:30:53,280
Speaker 2: And I think I think it definitely sounds like if

639
00:30:53,320 --> 00:30:55,200
Speaker 2: you're to the point where you want to put more

640
00:30:55,240 --> 00:30:58,160
Speaker 2: money away and you just don't have it and you can't.

641
00:30:58,440 --> 00:31:00,440
Speaker 2: Literally you've looked at the budget and you're like, what

642
00:31:00,480 --> 00:31:03,160
Speaker 2: am I gonna do? Like live in my car? You can't.

643
00:31:03,320 --> 00:31:05,320
Speaker 2: You know, there's nothing else to slice and dice, like

644
00:31:05,360 --> 00:31:07,959
Speaker 2: you say, So it is time to start looking at

645
00:31:07,960 --> 00:31:11,240
Speaker 2: a couple different things. I am huge about the impact

646
00:31:11,800 --> 00:31:14,480
Speaker 2: your career. I'm very passionate about the impact that your

647
00:31:14,480 --> 00:31:18,040
Speaker 2: career choices can have in helping you accumulate wealth. And

648
00:31:18,080 --> 00:31:21,640
Speaker 2: I'm also huge on looking for additional income streams on

649
00:31:21,720 --> 00:31:24,120
Speaker 2: top of you know, outside of your nine to five

650
00:31:24,240 --> 00:31:26,640
Speaker 2: job or whatever work you happen to do, so that

651
00:31:26,680 --> 00:31:30,440
Speaker 2: you diversify the income streams that you have. After a

652
00:31:30,520 --> 00:31:32,840
Speaker 2: year like this, it certainly feels like a lot of

653
00:31:32,840 --> 00:31:37,560
Speaker 2: people were turning to side hobbies or side hustles as

654
00:31:37,600 --> 00:31:40,400
Speaker 2: they say, you know, you're starting their own businesses to

655
00:31:40,480 --> 00:31:42,600
Speaker 2: bring in extra money. Because it was a real kick

656
00:31:42,640 --> 00:31:45,480
Speaker 2: in the ass, you know, to realize how vulnerable we

657
00:31:45,560 --> 00:31:48,120
Speaker 2: all were, especially those of us who were tied to

658
00:31:48,120 --> 00:31:51,000
Speaker 2: a nine to five job that either you had layoffs

659
00:31:51,080 --> 00:31:53,160
Speaker 2: or cut back hours. I mean, it all felt very

660
00:31:53,240 --> 00:31:57,800
Speaker 2: like scary and a good reminder about the importance of

661
00:31:58,320 --> 00:32:01,240
Speaker 2: having those different income streams. So, I mean, Chris, both

662
00:32:01,240 --> 00:32:03,720
Speaker 2: and I. You and I both have podcasts. You know,

663
00:32:03,800 --> 00:32:05,240
Speaker 2: I don't think either of us is rolling in the

664
00:32:05,280 --> 00:32:09,480
Speaker 2: dough from the podcast life, but especially not that you're

665
00:32:09,480 --> 00:32:12,800
Speaker 2: getting all the upgraded equipment that it sounds like you're accumulating.

666
00:32:13,400 --> 00:32:16,120
Speaker 2: But you know, talk about like the podcast and what

667
00:32:16,160 --> 00:32:18,240
Speaker 2: other what do you what do you think about different

668
00:32:18,240 --> 00:32:20,600
Speaker 2: income streams and how someone could you know, bring in

669
00:32:20,680 --> 00:32:21,280
Speaker 2: extra wealth?

670
00:32:22,040 --> 00:32:24,320
Speaker 3: Uh yeah, I mean obviously I'm I'm a fan of

671
00:32:24,800 --> 00:32:27,400
Speaker 3: doing other things and building other streams of income and

672
00:32:27,480 --> 00:32:30,160
Speaker 3: businesses and just things you own on your own. Because one,

673
00:32:30,240 --> 00:32:32,400
Speaker 3: I just enjoy the process of making something and having

674
00:32:32,400 --> 00:32:34,600
Speaker 3: it something that I've created is just it's just a

675
00:32:34,600 --> 00:32:36,400
Speaker 3: cool experience. It just I don't know, it makes you

676
00:32:36,440 --> 00:32:38,360
Speaker 3: feel good, like, look, I've made this thing. I've put

677
00:32:38,360 --> 00:32:41,600
Speaker 3: my time and sweat into this, and it's here. So

678
00:32:41,840 --> 00:32:44,680
Speaker 3: I'm definitely for finding things that you're you're passionate about,

679
00:32:45,160 --> 00:32:47,440
Speaker 3: that you enjoy doing, that you see an opportunity to

680
00:32:47,520 --> 00:32:50,680
Speaker 3: have a viable business doing and pursuing those because, like

681
00:32:50,720 --> 00:32:53,320
Speaker 3: you said, you know, jobs are secure intil or not

682
00:32:53,640 --> 00:32:57,920
Speaker 3: until something happens where they need to move on from you.

683
00:32:57,920 --> 00:33:01,200
Speaker 3: You know, things could change overnight. But just like you,

684
00:33:01,880 --> 00:33:05,800
Speaker 3: I'm a huge fan of growing within your career. That

685
00:33:05,920 --> 00:33:07,680
Speaker 3: was one of the biggest things that helped us get

686
00:33:07,680 --> 00:33:09,920
Speaker 3: out of debt when my wife and I kind of

687
00:33:09,920 --> 00:33:13,120
Speaker 3: got serious about our finances. We had about twenty seven

688
00:33:13,120 --> 00:33:15,400
Speaker 3: thousand dollars in credit card debt and we were taking

689
00:33:15,400 --> 00:33:18,280
Speaker 3: home like forty five thousand dollars between the two of us,

690
00:33:18,880 --> 00:33:21,640
Speaker 3: which was not enough money and not especially not in

691
00:33:21,680 --> 00:33:22,400
Speaker 3: southern California.

692
00:33:22,440 --> 00:33:23,800
Speaker 2: It is not did you do that?

693
00:33:24,840 --> 00:33:28,000
Speaker 3: Wow? It was rough. We were living in a tiny house,

694
00:33:28,720 --> 00:33:34,040
Speaker 3: a very small studio for several years, and really we

695
00:33:34,480 --> 00:33:36,400
Speaker 3: cut our budget down to like nothing, like we were

696
00:33:36,400 --> 00:33:39,880
Speaker 3: not having any fun, Like nothing was getting spent that

697
00:33:39,920 --> 00:33:42,960
Speaker 3: didn't need to be spent, and it still was going

698
00:33:43,200 --> 00:33:46,640
Speaker 3: so slow. It was such a long journey. And so

699
00:33:47,000 --> 00:33:49,160
Speaker 3: for me, that's what I went and I left at Okay,

700
00:33:49,440 --> 00:33:51,560
Speaker 3: this is how much I'm making. I think at the time,

701
00:33:51,760 --> 00:33:53,760
Speaker 3: I've got how much I was making by myself, but

702
00:33:53,800 --> 00:33:56,280
Speaker 3: it wasn't. I clearly wasn't a lot. What do I

703
00:33:56,320 --> 00:33:58,200
Speaker 3: need to do? And so that's what I started saying,

704
00:33:58,240 --> 00:34:00,560
Speaker 3: All right, what professional organizations can I joined? I started

705
00:34:00,640 --> 00:34:03,960
Speaker 3: joining these different groups for bookkeepers, and I would go

706
00:34:04,080 --> 00:34:06,600
Speaker 3: to conferences and I would help organize the speakers, and

707
00:34:06,600 --> 00:34:08,839
Speaker 3: then I would meet other people from other places, and

708
00:34:09,480 --> 00:34:11,719
Speaker 3: I would find out about new openings and build up

709
00:34:11,719 --> 00:34:13,879
Speaker 3: my resumes. And when I applied for the next job,

710
00:34:13,960 --> 00:34:15,640
Speaker 3: it's like, oh, you did all of this, Like, oh yeah,

711
00:34:15,680 --> 00:34:17,400
Speaker 3: you know, you can kind of pump yourself up, and

712
00:34:17,480 --> 00:34:19,880
Speaker 3: so doing things like that it allowed me to increase

713
00:34:19,880 --> 00:34:22,040
Speaker 3: my income so much faster than if I would have

714
00:34:22,080 --> 00:34:24,360
Speaker 3: just stayed at my one job and hoped for a

715
00:34:24,480 --> 00:34:26,480
Speaker 3: nice raise, which wasn't going to gum.

716
00:34:26,600 --> 00:34:29,719
Speaker 2: What were you doing at the time. Your backgrounds in accounting.

717
00:34:29,840 --> 00:34:32,359
Speaker 3: Uh, yeah, like accounting and bookkeeping work. So at the time,

718
00:34:32,440 --> 00:34:34,880
Speaker 3: I was a payroll supervisor. I was running a perill

719
00:34:34,920 --> 00:34:38,320
Speaker 3: department at a school district actually, and.

720
00:34:39,040 --> 00:34:42,320
Speaker 2: You're managing paychecks and trying to get a bigger one Exactly.

721
00:34:42,760 --> 00:34:44,759
Speaker 3: I would see everyone who was making more money than

722
00:34:44,800 --> 00:34:46,239
Speaker 3: me and be like, all right, I need to do

723
00:34:46,280 --> 00:34:46,880
Speaker 3: something about this.

724
00:34:47,000 --> 00:34:48,080
Speaker 2: That's got to be really depressed.

725
00:34:51,600 --> 00:34:53,440
Speaker 3: You know, when you see some of those paychecks, you're like,

726
00:34:53,480 --> 00:34:55,359
Speaker 3: I don't know what these people are doing right now,

727
00:34:55,400 --> 00:34:57,600
Speaker 3: but I need to make some changes and get one

728
00:34:57,640 --> 00:35:00,000
Speaker 3: of these because it's way more than i'm keeping.

729
00:35:00,440 --> 00:35:02,279
Speaker 2: You know, it's bad if you're like jealous of a

730
00:35:02,560 --> 00:35:04,480
Speaker 2: like a I don't know what kind of school teachers

731
00:35:04,480 --> 00:35:07,960
Speaker 2: these were, but I'm feeling like a middle school math

732
00:35:08,000 --> 00:35:11,000
Speaker 2: teacher is making more. It's like, ooh, okay, it's time.

733
00:35:12,200 --> 00:35:13,879
Speaker 3: Yeah. I was like, because we're all no, teachers aren't

734
00:35:13,920 --> 00:35:16,120
Speaker 3: paid that well, and I was getting paid a lot

735
00:35:16,160 --> 00:35:17,720
Speaker 3: less than than the majority of teachers.

736
00:35:18,280 --> 00:35:21,880
Speaker 2: That's a crime. Yeah, I've I love that. You know,

737
00:35:22,000 --> 00:35:25,359
Speaker 2: I was recently celebrating with my husband because we've really

738
00:35:25,360 --> 00:35:28,560
Speaker 2: been focused on increasing our net worth and we did

739
00:35:28,600 --> 00:35:30,919
Speaker 2: the math with our planner and realized that we have

740
00:35:31,400 --> 00:35:34,080
Speaker 2: increased our net worth by tenfold in the last five years.

741
00:35:34,360 --> 00:35:34,760
Speaker 3: Wow.

742
00:35:34,760 --> 00:35:37,160
Speaker 2: And I was sitting down and we're gonna do I'm

743
00:35:37,160 --> 00:35:39,839
Speaker 2: gonna do a specific show about it. But as I

744
00:35:39,920 --> 00:35:42,319
Speaker 2: was sitting through and working through, you know, how did

745
00:35:42,320 --> 00:35:44,759
Speaker 2: we do this? I'll tell you one thing. It wasn't

746
00:35:44,760 --> 00:35:49,480
Speaker 2: by budgeting the most significant the biggest reasons. And I

747
00:35:49,719 --> 00:35:51,640
Speaker 2: part of me almost feels a little are used to

748
00:35:51,640 --> 00:35:57,120
Speaker 2: feel a little, not ashamed. But I think people want

749
00:35:57,120 --> 00:36:00,319
Speaker 2: to hear that we just pulled ourselves up by our

750
00:36:00,360 --> 00:36:04,160
Speaker 2: bootstraps and you know, we coopon clipped and we and

751
00:36:04,200 --> 00:36:07,280
Speaker 2: we we were good people and we just worked real hard.

752
00:36:07,280 --> 00:36:10,520
Speaker 2: They want to hear that kind of story. But the

753
00:36:10,600 --> 00:36:15,680
Speaker 2: truth is was that I was super ruthless with pursuing

754
00:36:16,160 --> 00:36:20,080
Speaker 2: new opportunities when two things were true. When I could

755
00:36:20,120 --> 00:36:24,000
Speaker 2: earn significantly more, and when I could challenge myself professionally.

756
00:36:24,040 --> 00:36:26,640
Speaker 2: So when I could when I was offered, when I

757
00:36:26,719 --> 00:36:28,440
Speaker 2: was offered I was in other jobs, and when I

758
00:36:28,480 --> 00:36:31,880
Speaker 2: was offered opportunities to move to a different company as

759
00:36:31,920 --> 00:36:36,200
Speaker 2: long as the opportunity was professionally rich, like I could

760
00:36:36,360 --> 00:36:38,520
Speaker 2: I was learning a new skill, I was getting to

761
00:36:38,560 --> 00:36:41,120
Speaker 2: try a new position or something like that, and it

762
00:36:41,160 --> 00:36:44,680
Speaker 2: came with additional income. I was definitely willing to take it.

763
00:36:44,719 --> 00:36:49,040
Speaker 2: And I was very risky with some of my career choices,

764
00:36:49,520 --> 00:36:52,200
Speaker 2: and they could have gone the other way entirely, you know,

765
00:36:52,280 --> 00:36:57,359
Speaker 2: without with risk comes rewards or you know, disaster. But

766
00:36:57,520 --> 00:37:00,000
Speaker 2: it was because of those choices I was able to negotiate,

767
00:37:00,520 --> 00:37:05,640
Speaker 2: you know, thirty percent fifty percent raises equity in companies

768
00:37:05,680 --> 00:37:08,320
Speaker 2: that I was joining, which opened me up to even

769
00:37:08,440 --> 00:37:12,960
Speaker 2: additional opportunities to build wealth as long as that stock

770
00:37:13,000 --> 00:37:15,360
Speaker 2: price in that company went up, which I was fortunate

771
00:37:15,480 --> 00:37:18,719
Speaker 2: enough to have that happen sometimes. So like, those are

772
00:37:18,760 --> 00:37:22,080
Speaker 2: the types of things that that I'm I'm ready to

773
00:37:22,120 --> 00:37:24,560
Speaker 2: just be honest about it because there's no shame in it.

774
00:37:24,600 --> 00:37:27,680
Speaker 2: In fact, I had to do it. I'm a black

775
00:37:27,719 --> 00:37:30,720
Speaker 2: woman in America, yo, Like, we don't make that much money.

776
00:37:30,840 --> 00:37:34,600
Speaker 2: We make sixty percent of what a white man earns.

777
00:37:34,640 --> 00:37:38,440
Speaker 2: So for me, I just always thought about when I

778
00:37:38,440 --> 00:37:41,040
Speaker 2: went into like a salary negotiation or when I was

779
00:37:41,080 --> 00:37:43,640
Speaker 2: approached by a competitor or a different company to come

780
00:37:43,680 --> 00:37:46,440
Speaker 2: work for them. I really looked at that as an opportunity.

781
00:37:46,520 --> 00:37:49,520
Speaker 2: It's often the best opportunity you can get to negotiate

782
00:37:49,560 --> 00:37:52,880
Speaker 2: a higher salary and staying at the same place for

783
00:37:52,920 --> 00:37:55,279
Speaker 2: a long time. It ain't it, y'all. It is not

784
00:37:55,440 --> 00:37:58,640
Speaker 2: it in terms of in terms of salary growth, especially

785
00:37:58,680 --> 00:38:01,160
Speaker 2: if you came in entry level. That is not the

786
00:38:01,200 --> 00:38:04,960
Speaker 2: way to increase your income unless I mean, you can

787
00:38:05,000 --> 00:38:06,560
Speaker 2: stay there if you love your job, But then you

788
00:38:06,640 --> 00:38:10,000
Speaker 2: got to start side hustling, you know, get a side

789
00:38:10,000 --> 00:38:12,920
Speaker 2: business or take a hobby and start bringing in cash,

790
00:38:13,200 --> 00:38:16,920
Speaker 2: you know, on top of your earnings. But loyalty does

791
00:38:17,040 --> 00:38:19,880
Speaker 2: not pay in corporate America. It doesn't. I am proof

792
00:38:19,920 --> 00:38:22,800
Speaker 2: of that. I really had to make those big, scary

793
00:38:22,880 --> 00:38:25,719
Speaker 2: leaps to get to where I am today, to get

794
00:38:25,760 --> 00:38:26,960
Speaker 2: those bigger paydays.

795
00:38:27,719 --> 00:38:30,640
Speaker 3: No, I mean, I love that so much because I've

796
00:38:30,719 --> 00:38:34,279
Speaker 3: seen it where in a situation no one I won't

797
00:38:34,320 --> 00:38:36,120
Speaker 3: name a place so no one could figure out what

798
00:38:36,120 --> 00:38:38,200
Speaker 3: I'm talking about, but that was a place.

799
00:38:38,400 --> 00:38:41,160
Speaker 2: Well, leave Chris alone, don't get in, don't get them

800
00:38:41,200 --> 00:38:41,920
Speaker 2: in trouble.

801
00:38:41,640 --> 00:38:43,560
Speaker 3: Don't get me in trouble. Please don't go research this place.

802
00:38:43,719 --> 00:38:45,759
Speaker 3: But I was working at this place. There's a woman there.

803
00:38:45,800 --> 00:38:48,399
Speaker 3: She was amazing at her job. She was amazing, and

804
00:38:48,520 --> 00:38:50,200
Speaker 3: she just wanted She didn't I didn't think she was

805
00:38:50,200 --> 00:38:52,240
Speaker 3: asking for a raise. She just wanted a better title

806
00:38:52,280 --> 00:38:55,720
Speaker 3: than what she had. And they're like, no, we can't

807
00:38:55,719 --> 00:38:58,040
Speaker 3: do that. I'm sorry if something so easy. They were like, no,

808
00:38:58,120 --> 00:39:00,600
Speaker 3: we can't do that. But but you're great. So she's like,

809
00:39:00,640 --> 00:39:02,160
Speaker 3: you know what, all right, I'm out here. So she left,

810
00:39:02,200 --> 00:39:03,920
Speaker 3: got a better job, got the title she wanted, and

811
00:39:04,000 --> 00:39:06,279
Speaker 3: got a pay raise. The person they brought in to

812
00:39:06,280 --> 00:39:09,360
Speaker 3: replace her, they gave the title that she wanted and

813
00:39:09,480 --> 00:39:11,640
Speaker 3: more money, and it was like they could have done

814
00:39:11,640 --> 00:39:13,640
Speaker 3: it all along, but it was just like, well, they

815
00:39:13,719 --> 00:39:16,040
Speaker 3: think we have you here, you're not going to leave,

816
00:39:16,360 --> 00:39:18,960
Speaker 3: so we're not going to do anything. And that's where

817
00:39:18,960 --> 00:39:20,560
Speaker 3: you like, I mean, I agree with you one hundred percent.

818
00:39:20,560 --> 00:39:22,239
Speaker 3: That's that's the only way you're going to make these

819
00:39:22,280 --> 00:39:25,719
Speaker 3: significant leaps sometimes is to define better opportunities outside of

820
00:39:25,760 --> 00:39:28,080
Speaker 3: where you are, because they have no incentive to make

821
00:39:28,120 --> 00:39:29,399
Speaker 3: your pay jump significantly.

822
00:39:30,160 --> 00:39:32,839
Speaker 2: And you may think that they're the nicest people. You

823
00:39:32,880 --> 00:39:35,160
Speaker 2: know they've come to your housewarming parties, they gave you

824
00:39:35,160 --> 00:39:37,080
Speaker 2: a nice little gift when you had a baby or

825
00:39:37,080 --> 00:39:39,960
Speaker 2: you got married. It does like they're not going. It

826
00:39:40,000 --> 00:39:42,239
Speaker 2: takes a lot of effort. I was that manager who

827
00:39:42,280 --> 00:39:45,120
Speaker 2: really fought for raises and promotions for my people when

828
00:39:45,120 --> 00:39:47,560
Speaker 2: I didn't have to, because I wanted to retain them.

829
00:39:48,200 --> 00:39:50,480
Speaker 2: I and there were plenty of people who just don't

830
00:39:50,480 --> 00:39:52,279
Speaker 2: do that because it takes a lot of time. It

831
00:39:52,440 --> 00:39:55,239
Speaker 2: takes effort. You got to like do your research, you

832
00:39:55,280 --> 00:39:57,560
Speaker 2: got a bat for people. It's just not in a

833
00:39:57,560 --> 00:40:00,279
Speaker 2: lot of people's best interests to go to bed for

834
00:40:00,320 --> 00:40:03,000
Speaker 2: folks that's work. So yeah, I love that example. I

835
00:40:03,000 --> 00:40:05,680
Speaker 2: mean I hate it, but it's a really good example

836
00:40:05,719 --> 00:40:10,240
Speaker 2: of what we're talking about here. Loyalty does not pay, y'all.

837
00:40:10,280 --> 00:40:12,680
Speaker 2: But I want to talk a bit about before we

838
00:40:12,719 --> 00:40:15,520
Speaker 2: get to the next question about starting a new business.

839
00:40:15,560 --> 00:40:17,600
Speaker 2: Like I literally I'm at a point where I just

840
00:40:17,600 --> 00:40:21,600
Speaker 2: started a new business. Hello guys, I'm I'm the CEO

841
00:40:22,239 --> 00:40:26,200
Speaker 2: and founder of Mandy Money Media, which is a independent

842
00:40:26,560 --> 00:40:30,759
Speaker 2: content consulting firm and editing and writing business. Yay, do

843
00:40:30,840 --> 00:40:33,799
Speaker 2: I get the dant thanks? You know, do my own

844
00:40:33,840 --> 00:40:37,319
Speaker 2: thing after a long well like a decade of experience,

845
00:40:37,360 --> 00:40:40,719
Speaker 2: I'm striking out on my own. And what's so fun

846
00:40:40,719 --> 00:40:43,760
Speaker 2: for me has been doing these things. Like I filed

847
00:40:43,800 --> 00:40:47,120
Speaker 2: for an LLC. It's shockingly easy to do this, y'all.

848
00:40:47,160 --> 00:40:49,240
Speaker 2: You just need a little bit of money and like Google,

849
00:40:49,280 --> 00:40:50,960
Speaker 2: Like you just had a Google. If you go to

850
00:40:51,000 --> 00:40:54,480
Speaker 2: your state's Department of Labor website or just google your

851
00:40:54,520 --> 00:40:58,520
Speaker 2: state LLC, it'll have a very easy to fill out form,

852
00:40:58,880 --> 00:41:02,040
Speaker 2: pick your name, give them your little coins. I had

853
00:41:02,080 --> 00:41:05,319
Speaker 2: it within minutes. I got approved and got my my

854
00:41:05,600 --> 00:41:08,320
Speaker 2: LLC established, and then it's what the I R S do?

855
00:41:08,480 --> 00:41:11,960
Speaker 2: Did you do this yet? We get a taxpayer or

856
00:41:12,080 --> 00:41:14,919
Speaker 2: an employee ID number through the i RS dot gov.

857
00:41:16,120 --> 00:41:17,680
Speaker 3: That's such an easy process. And then you don't have

858
00:41:17,680 --> 00:41:20,160
Speaker 3: to give people your Social sect number either. Yeah.

859
00:41:20,280 --> 00:41:21,759
Speaker 2: I mean I think I might have to like get it,

860
00:41:21,800 --> 00:41:24,560
Speaker 2: but yeah, it took. I was. I was shocked. It

861
00:41:24,600 --> 00:41:26,759
Speaker 2: was instantly, Oh here's your e I N. Here you go.

862
00:41:27,200 --> 00:41:28,680
Speaker 2: And once I had that e I N, what did

863
00:41:28,719 --> 00:41:30,480
Speaker 2: I do? I went and got a business bank account,

864
00:41:30,760 --> 00:41:33,000
Speaker 2: just did some Googles to find the best one. Although

865
00:41:33,000 --> 00:41:34,239
Speaker 2: I will say I don't know if you have a

866
00:41:34,239 --> 00:41:36,440
Speaker 2: business bank account or credit card yet, do you?

867
00:41:37,040 --> 00:41:38,680
Speaker 3: Uh, yeah, I do have the credit card. I've not

868
00:41:38,719 --> 00:41:40,680
Speaker 3: gone the banking route. I'm still I mean, I probably

869
00:41:40,680 --> 00:41:44,000
Speaker 3: shouldn't be saying this out loud, but yeah, maybe you

870
00:41:44,160 --> 00:41:46,359
Speaker 3: lesnings and personal accounts as business accounts right now.

871
00:41:46,840 --> 00:41:48,680
Speaker 2: You know that's cool. It depends on how you. I

872
00:41:48,960 --> 00:41:50,640
Speaker 2: did learn that, you know, when I was trying to

873
00:41:50,640 --> 00:41:53,000
Speaker 2: decide whether to do an LLC or work as a

874
00:41:53,000 --> 00:41:56,600
Speaker 2: sole proprietor. It's very different, like in terms of how

875
00:41:57,320 --> 00:42:01,080
Speaker 2: how you can commingle your personal versus professional expenses and

876
00:42:01,120 --> 00:42:03,560
Speaker 2: things like that. But definitely I got the all with

877
00:42:03,560 --> 00:42:05,600
Speaker 2: my CPA and he was like, LLC is the way

878
00:42:05,600 --> 00:42:08,480
Speaker 2: to go. So that's what I did. And yeah, but

879
00:42:08,600 --> 00:42:11,200
Speaker 2: the E I n it took seconds and the oh,

880
00:42:11,239 --> 00:42:12,960
Speaker 2: the business bank account. What I was going to say,

881
00:42:13,040 --> 00:42:17,040
Speaker 2: is I because that's I wanted. I'm gonna get paid soon, hopefully,

882
00:42:17,400 --> 00:42:20,759
Speaker 2: hopefully soon from clients. You know, I'm manifesting it like

883
00:42:20,800 --> 00:42:24,560
Speaker 2: my husband installing his Tesla charger five months before he

884
00:42:24,600 --> 00:42:27,600
Speaker 2: actually had a Tesla. I'm going to get this. I

885
00:42:27,640 --> 00:42:30,880
Speaker 2: got a bank account through a online bank, and it

886
00:42:30,960 --> 00:42:34,320
Speaker 2: was kind of hard to find a fee free business

887
00:42:34,320 --> 00:42:37,440
Speaker 2: bank account. Seems like a lot of them charge they

888
00:42:37,480 --> 00:42:40,719
Speaker 2: either have a minimum required balance, which I don't know

889
00:42:40,760 --> 00:42:42,319
Speaker 2: if I'm gonna make I'm gonna make money, but like

890
00:42:42,360 --> 00:42:44,799
Speaker 2: I can't, I can't commit right now that I'm going

891
00:42:44,840 --> 00:42:47,520
Speaker 2: to be making a certain amount. Yeah, so it took

892
00:42:47,560 --> 00:42:52,279
Speaker 2: a lot of comparing and contrasting, but I definitely I

893
00:42:52,320 --> 00:42:53,920
Speaker 2: was able to get one. And you have to have

894
00:42:54,040 --> 00:42:57,040
Speaker 2: your EI N in order to get one set up.

895
00:42:57,800 --> 00:43:00,799
Speaker 2: And then I got approved for a personal sorry, a

896
00:43:00,840 --> 00:43:04,480
Speaker 2: business credit card, which was exciting. So it's it. You

897
00:43:04,520 --> 00:43:06,719
Speaker 2: can do it. And look, I'm a business who you

898
00:43:06,719 --> 00:43:10,000
Speaker 2: can't tell me nothing. I'm a business owner, right, I

899
00:43:10,000 --> 00:43:13,480
Speaker 2: don't need a storefront. I'm doing it.

900
00:43:13,480 --> 00:43:15,480
Speaker 3: It's so different than what people thought of, like what

901
00:43:15,680 --> 00:43:17,160
Speaker 3: people I think we have a much different image in

902
00:43:17,160 --> 00:43:19,320
Speaker 3: our head of what it takes to be a business owner.

903
00:43:19,360 --> 00:43:21,800
Speaker 3: It's it's so it's such an easy process.

904
00:43:21,400 --> 00:43:24,560
Speaker 2: These days, it really is. So I hope that that

905
00:43:24,600 --> 00:43:28,160
Speaker 2: motivates y'all and inspires you to to look at you know,

906
00:43:28,200 --> 00:43:29,839
Speaker 2: if you if you're like me and you've been doing

907
00:43:29,840 --> 00:43:32,920
Speaker 2: something for a long time, you know, and you realize

908
00:43:32,960 --> 00:43:35,719
Speaker 2: you've got a certain set of skills that companies would

909
00:43:35,760 --> 00:43:39,799
Speaker 2: pay to take advantage of or leverage. You know. That's

910
00:43:39,840 --> 00:43:42,040
Speaker 2: a way of like, let's say I was still doing

911
00:43:42,080 --> 00:43:44,839
Speaker 2: my you know, had a nine to five job, I

912
00:43:44,920 --> 00:43:47,839
Speaker 2: could I could feasibly do this on the side and

913
00:43:47,960 --> 00:43:51,480
Speaker 2: just bring in some extra income. And that's the beginning

914
00:43:51,560 --> 00:43:55,160
Speaker 2: again to true wealth building. So I love that Tiffany

915
00:43:55,200 --> 00:43:57,799
Speaker 2: covered that in her book geck It with Lenney dot Com.

916
00:43:57,880 --> 00:44:00,000
Speaker 2: Y'all check out the book. I love that she covered

917
00:44:00,040 --> 00:44:02,160
Speaker 2: that in the book because it really is like it's

918
00:44:02,200 --> 00:44:05,279
Speaker 2: the next level from just basic budgeting, really focusing on

919
00:44:05,280 --> 00:44:05,800
Speaker 2: your income.

920
00:44:06,400 --> 00:44:08,640
Speaker 3: Yeah, it really is such a great idea. And you know,

921
00:44:08,680 --> 00:44:10,919
Speaker 3: what I've started to discover too, is that the bar

922
00:44:11,040 --> 00:44:13,880
Speaker 3: is actually very low for a lot of what people

923
00:44:13,920 --> 00:44:18,239
Speaker 3: consider good work. I'm very shocked for whatever it's right

924
00:44:19,440 --> 00:44:21,719
Speaker 3: in my mind, it's like people are like, if you're

925
00:44:21,760 --> 00:44:23,600
Speaker 3: going to do something for a company, it's like it

926
00:44:23,640 --> 00:44:25,839
Speaker 3: has to be the best thing that's ever been made.

927
00:44:26,040 --> 00:44:28,279
Speaker 3: But I've I've I'm not gonna again, I'm not going

928
00:44:28,360 --> 00:44:32,040
Speaker 3: to name any companies, but I've I've witnessed some some

929
00:44:32,080 --> 00:44:34,359
Speaker 3: businesses doing work that I'm like, that's all it took

930
00:44:34,440 --> 00:44:35,600
Speaker 3: for you to get paid? And well, I guess I

931
00:44:35,600 --> 00:44:38,200
Speaker 3: need to step it up and do some other things.

932
00:44:38,760 --> 00:44:41,880
Speaker 2: I know well in my career, I've employed people like myself,

933
00:44:41,920 --> 00:44:44,399
Speaker 2: and I'm like, I know exactly how much mediocrity there

934
00:44:44,440 --> 00:44:45,799
Speaker 2: is out there. I'm going to go out there and

935
00:44:45,840 --> 00:44:47,799
Speaker 2: be the best and it's not going to be that

936
00:44:47,920 --> 00:44:50,680
Speaker 2: hard because it's a lot of mediocreup. Okay, not to

937
00:44:50,680 --> 00:44:55,440
Speaker 2: shade anybody, but it's a really good point. It truly is.

938
00:44:55,719 --> 00:44:58,640
Speaker 2: And I yeah, I'm excited about this new journey. And

939
00:44:59,320 --> 00:45:02,239
Speaker 2: thank you Les for your question and for checking out

940
00:45:02,239 --> 00:45:06,160
Speaker 2: our podcast. I love that. Well, let's take one other question.

941
00:45:06,400 --> 00:45:12,080
Speaker 2: This one is a juicy one because as geriatric millennials, Chris.

942
00:45:11,640 --> 00:45:17,799
Speaker 4: I'm really not as as old asked millennials, like, life

943
00:45:17,840 --> 00:45:20,120
Speaker 4: insurance is like what we talk about at cookouts now right,

944
00:45:20,320 --> 00:45:21,040
Speaker 4: it's what you know.

945
00:45:21,320 --> 00:45:23,920
Speaker 2: Maybe at my cookouts we talk a little bit about

946
00:45:23,960 --> 00:45:26,799
Speaker 2: life insurance, but I don't know about you. But that's

947
00:45:26,800 --> 00:45:28,759
Speaker 2: what our next question is about. So let's get in

948
00:45:28,880 --> 00:45:31,920
Speaker 2: it all right. This one's from anonymous and they say,

949
00:45:32,040 --> 00:45:34,560
Speaker 2: my husband and I are getting ready to buy life insurance.

950
00:45:34,840 --> 00:45:37,360
Speaker 2: We have a three year old, a house, we have

951
00:45:37,440 --> 00:45:41,800
Speaker 2: good jobs, we're working on wealth and building our or

952
00:45:41,840 --> 00:45:45,839
Speaker 2: getting our life secure. Do you guys recommend whole or

953
00:45:45,960 --> 00:45:53,279
Speaker 2: term life insurance? Very sexy, interesting question, but an important one.

954
00:45:53,360 --> 00:45:58,640
Speaker 2: Let's talk about the difference between whole versus term life insurance, Chris,

955
00:45:58,640 --> 00:46:00,680
Speaker 2: anything you want to jump into.

956
00:46:01,600 --> 00:46:03,799
Speaker 3: Yeah, So term life is kind of like what it

957
00:46:03,800 --> 00:46:06,520
Speaker 3: sounds like. It's good for us set terms, So you

958
00:46:06,560 --> 00:46:09,400
Speaker 3: normally say how many years you'd like this policy to

959
00:46:09,400 --> 00:46:12,600
Speaker 3: be good for, so you know, ten, twenty plus years,

960
00:46:13,000 --> 00:46:15,919
Speaker 3: and you typically go with this to cover a period

961
00:46:15,960 --> 00:46:17,680
Speaker 3: of time where you're like, hey, if something were to happen,

962
00:46:18,280 --> 00:46:20,360
Speaker 3: we would definitely need some support for other people in

963
00:46:20,400 --> 00:46:23,320
Speaker 3: the family who I'm laying behind. Whereas whole life policy,

964
00:46:23,719 --> 00:46:26,120
Speaker 3: it's as long as you're still paying your premiums, it's

965
00:46:26,120 --> 00:46:27,360
Speaker 3: good for your whole life.

966
00:46:28,239 --> 00:46:30,200
Speaker 2: Yeah. And is that the kid where you can maybe

967
00:46:30,200 --> 00:46:32,359
Speaker 2: get some annuities later on where it kind of pays

968
00:46:32,400 --> 00:46:33,320
Speaker 2: you out in retirement.

969
00:46:33,840 --> 00:46:35,960
Speaker 3: Well, with the whole life policies, you can build up

970
00:46:36,040 --> 00:46:38,799
Speaker 3: like a cash balance almost in it as you put

971
00:46:38,840 --> 00:46:40,839
Speaker 3: more and more money into these policies. So there are

972
00:46:41,360 --> 00:46:44,560
Speaker 3: situations where you can pull money out of these policies

973
00:46:44,640 --> 00:46:46,840
Speaker 3: or pass them on, just depending on the type of

974
00:46:46,880 --> 00:46:48,160
Speaker 3: a whole life insurance you go.

975
00:46:48,120 --> 00:46:51,359
Speaker 2: With, gotcha? And this is big business for a lot

976
00:46:51,360 --> 00:46:54,480
Speaker 2: of financial planners out there, especially if you're working with

977
00:46:54,560 --> 00:46:58,000
Speaker 2: traditional financial advisors, because a lot of them are in

978
00:46:58,040 --> 00:47:01,839
Speaker 2: the business of literally selling insurance products to their customers.

979
00:47:02,160 --> 00:47:05,080
Speaker 2: And that's why it's important to vet your financial advisor.

980
00:47:05,120 --> 00:47:07,520
Speaker 2: I mean, no shade, I mean obviously, insurance is a

981
00:47:07,600 --> 00:47:09,960
Speaker 2: very important product. You want to you want your family

982
00:47:10,000 --> 00:47:12,720
Speaker 2: to be taken care of if you were to pass away.

983
00:47:13,120 --> 00:47:16,560
Speaker 2: That's literally what it's for. But because they can be

984
00:47:16,560 --> 00:47:20,360
Speaker 2: really lucrative, like like especially whole term whole insurance, like

985
00:47:20,440 --> 00:47:23,440
Speaker 2: Chris was talking about, Like you're talking about someone paying

986
00:47:23,440 --> 00:47:26,000
Speaker 2: you monthly for their entire life. So that's like a

987
00:47:26,440 --> 00:47:29,000
Speaker 2: especially if you're someone who works on commission. That's a

988
00:47:29,040 --> 00:47:31,840
Speaker 2: cash cow. Baby, that's a cash cow. So they, like

989
00:47:31,920 --> 00:47:34,839
Speaker 2: the financial planner is getting an annuity out of you,

990
00:47:34,840 --> 00:47:39,439
Speaker 2: you know, basically when you sign up for a whole insurance. Yeah,

991
00:47:40,080 --> 00:47:42,560
Speaker 2: and so you do have to think about that. Now,

992
00:47:42,840 --> 00:47:44,880
Speaker 2: do you have life insurance? Chris? Like, have you bought

993
00:47:45,239 --> 00:47:48,000
Speaker 2: a policy for you and your your wife outside of

994
00:47:48,040 --> 00:47:49,239
Speaker 2: what your work might offer you?

995
00:47:49,640 --> 00:47:52,440
Speaker 3: So, yeah, we have term life insurance, and I think

996
00:47:52,600 --> 00:47:55,919
Speaker 3: for the reason you mentioned that like whole life, there's

997
00:47:55,960 --> 00:47:59,080
Speaker 3: there's definitely circumstances where people could utilize that and it'd

998
00:47:59,080 --> 00:48:01,320
Speaker 3: be useful for or what they have going on. But

999
00:48:01,440 --> 00:48:05,279
Speaker 3: oftentimes those commissions are very nice for those whole whole

1000
00:48:05,320 --> 00:48:07,640
Speaker 3: life policy That's why they often get pushed as an

1001
00:48:07,640 --> 00:48:09,399
Speaker 3: alternative to you investing on your own.

1002
00:48:10,360 --> 00:48:13,440
Speaker 2: Yeah. Absolutely, and that's for me. That was the deciding factor.

1003
00:48:13,520 --> 00:48:16,320
Speaker 2: So I just had a baby too, So like our listener,

1004
00:48:16,719 --> 00:48:18,560
Speaker 2: she has a young child three years old, my son's

1005
00:48:18,600 --> 00:48:21,839
Speaker 2: eighteen months. When I finally had the baby, that's when

1006
00:48:21,880 --> 00:48:24,000
Speaker 2: I was like, oh god, my life matters now. I mean,

1007
00:48:24,040 --> 00:48:27,799
Speaker 2: of course it mattered before, but like my earning. You know,

1008
00:48:27,840 --> 00:48:31,960
Speaker 2: my husband, he's gainfully employed, he's young, but my son,

1009
00:48:32,040 --> 00:48:33,920
Speaker 2: you know that. Well, that was my wake up call

1010
00:48:33,960 --> 00:48:36,680
Speaker 2: really to get my own policy. And also a colleague

1011
00:48:36,719 --> 00:48:38,880
Speaker 2: of mine in the past had told me, you know,

1012
00:48:39,040 --> 00:48:41,960
Speaker 2: you really ought to get your own life insurance policy

1013
00:48:42,239 --> 00:48:44,520
Speaker 2: beyond what you're At the time, I was working for

1014
00:48:44,560 --> 00:48:48,799
Speaker 2: an employer, and most employers provide free life insurance or

1015
00:48:48,800 --> 00:48:50,719
Speaker 2: it's like a dollar or two dollars or something like that,

1016
00:48:51,280 --> 00:48:54,280
Speaker 2: because it's not enough coverage to really last the life

1017
00:48:54,360 --> 00:48:57,000
Speaker 2: of your child, and like, for example, I think in

1018
00:48:57,040 --> 00:48:59,560
Speaker 2: the past, I've had life insurance through work that's like

1019
00:48:59,600 --> 00:49:04,600
Speaker 2: two thousand dollars and maybe like some short term disability coverage.

1020
00:49:04,640 --> 00:49:07,319
Speaker 2: But you know, I ended up getting a policy that

1021
00:49:07,400 --> 00:49:10,160
Speaker 2: was valued at a million dollars and I came to

1022
00:49:10,200 --> 00:49:12,759
Speaker 2: that at the time. It could have been higher. There's

1023
00:49:12,800 --> 00:49:15,879
Speaker 2: a rule of thumb that says to ten x your

1024
00:49:15,960 --> 00:49:19,719
Speaker 2: salary to get your your policy. But I think I

1025
00:49:19,760 --> 00:49:22,719
Speaker 2: was earning like two hundred thousand at the time, so

1026
00:49:23,280 --> 00:49:25,880
Speaker 2: two million dollars seemed like a lot of money. So

1027
00:49:26,120 --> 00:49:28,479
Speaker 2: I was like, okay, let me just start with one,

1028
00:49:29,120 --> 00:49:31,640
Speaker 2: see how that goes. But yeah, I ended up doing

1029
00:49:31,960 --> 00:49:36,040
Speaker 2: a twenty I think a twenty five year term because

1030
00:49:36,080 --> 00:49:39,920
Speaker 2: for me, it's not just about it is about, of course,

1031
00:49:40,120 --> 00:49:44,080
Speaker 2: providing a financial windfall for your family so that they

1032
00:49:44,080 --> 00:49:46,920
Speaker 2: can move on without you and still you know, maintain

1033
00:49:46,960 --> 00:49:50,239
Speaker 2: the same quality of life. But it's also you know,

1034
00:49:50,280 --> 00:49:53,319
Speaker 2: how likely am I to make it to my I'm

1035
00:49:53,320 --> 00:49:56,000
Speaker 2: thirty three now, how likely am I to live till

1036
00:49:56,360 --> 00:49:59,759
Speaker 2: I'm sixty, you know? Or how how much how long

1037
00:49:59,800 --> 00:50:03,040
Speaker 2: do I I want them to be covered? Basically, and

1038
00:50:03,080 --> 00:50:06,160
Speaker 2: I figure by the time I'm sixty, if I'm still around,

1039
00:50:06,239 --> 00:50:08,640
Speaker 2: they'll the kids if I have more than one, they'll

1040
00:50:08,680 --> 00:50:10,799
Speaker 2: be you know, adults, and they'll be able to take

1041
00:50:10,840 --> 00:50:13,359
Speaker 2: care of themselves and by then I will have like

1042
00:50:13,440 --> 00:50:17,520
Speaker 2: saved invested for their college expenses or whatnot. So I

1043
00:50:17,560 --> 00:50:19,879
Speaker 2: felt very comfortable just doing the twenty five year term

1044
00:50:20,920 --> 00:50:24,040
Speaker 2: for my life insurance for that, and then, like you said,

1045
00:50:24,080 --> 00:50:27,399
Speaker 2: like you could do the whole life insurance and put

1046
00:50:27,400 --> 00:50:29,360
Speaker 2: a bunch of money away and then have your cash balance.

1047
00:50:29,400 --> 00:50:31,880
Speaker 2: But you could also just do that in a brokerage

1048
00:50:31,920 --> 00:50:35,680
Speaker 2: account and put money away and potentially make even more

1049
00:50:35,719 --> 00:50:37,880
Speaker 2: over time to create wealth for yourself.

1050
00:50:38,480 --> 00:50:40,960
Speaker 3: Yeah, exactly. I wanted to ask you too, Like, so

1051
00:50:41,160 --> 00:50:43,680
Speaker 3: for you and your husband, was that a difficult conversation

1052
00:50:43,719 --> 00:50:45,360
Speaker 3: to have because I know people who do not like

1053
00:50:45,480 --> 00:50:47,600
Speaker 3: talking about the possibility of dying, and so that's why

1054
00:50:47,680 --> 00:50:50,200
Speaker 3: they never look into life insurance.

1055
00:50:51,000 --> 00:50:53,520
Speaker 2: It really you really have to not think about what

1056
00:50:53,560 --> 00:50:58,480
Speaker 2: you're doing. It's very depressing. And yes, and especially you know,

1057
00:50:58,480 --> 00:51:01,160
Speaker 2: if I would do anything differently, I might have done

1058
00:51:01,200 --> 00:51:03,760
Speaker 2: it before I had the baby, like while I was pregnant,

1059
00:51:03,880 --> 00:51:06,759
Speaker 2: or even like a little bit before that, because I

1060
00:51:06,800 --> 00:51:08,480
Speaker 2: do think you know, if you have a kid, of course,

1061
00:51:08,520 --> 00:51:10,680
Speaker 2: it's very much worth it because you have the child,

1062
00:51:10,800 --> 00:51:12,879
Speaker 2: like I said, And if you don't have a child,

1063
00:51:12,960 --> 00:51:15,160
Speaker 2: then really it's about your spouse. Can they provide for

1064
00:51:15,200 --> 00:51:18,239
Speaker 2: themselves without you, et cetera. But it was a very

1065
00:51:18,239 --> 00:51:21,360
Speaker 2: emotional conversation. As soon as I had that baby and

1066
00:51:21,400 --> 00:51:25,680
Speaker 2: my husband saw me as a mother, he became very

1067
00:51:25,719 --> 00:51:29,319
Speaker 2: afraid of me dying. It was a weird and I

1068
00:51:29,320 --> 00:51:32,439
Speaker 2: think and me too, I became as a new mom.

1069
00:51:32,480 --> 00:51:35,279
Speaker 2: I was afraid of everybody dying. Like I was, like,

1070
00:51:35,400 --> 00:51:37,640
Speaker 2: he could die, the baby could die. I could die.

1071
00:51:37,640 --> 00:51:40,400
Speaker 2: And life is so fragile. Why are we doing it?

1072
00:51:40,640 --> 00:51:43,840
Speaker 2: Like what have we done? There's so much to lose,

1073
00:51:44,000 --> 00:51:46,520
Speaker 2: you know, it is really scary to think about it.

1074
00:51:47,280 --> 00:51:51,040
Speaker 2: And yeah, it wasn't a fun conversation, but it was

1075
00:51:51,080 --> 00:51:54,600
Speaker 2: a really easy process to just go compare some options.

1076
00:51:55,120 --> 00:51:57,160
Speaker 2: You know, A very nice doctor person came to my

1077
00:51:57,239 --> 00:52:00,359
Speaker 2: house because it was the pandemic at that point, did

1078
00:52:00,360 --> 00:52:02,040
Speaker 2: a house called, did my blood and all that kind

1079
00:52:02,080 --> 00:52:05,560
Speaker 2: of stuff, And it wasn't that if you just forget

1080
00:52:05,600 --> 00:52:09,640
Speaker 2: about why you're doing it and pray that you you know,

1081
00:52:09,840 --> 00:52:12,560
Speaker 2: just just just do it for peace of mind for

1082
00:52:12,600 --> 00:52:14,400
Speaker 2: your children and then pray you never really have to

1083
00:52:14,480 --> 00:52:16,839
Speaker 2: use it. It's like any insurance product, right, you hope

1084
00:52:16,880 --> 00:52:19,279
Speaker 2: you don't have to use it, but you're grateful if

1085
00:52:19,960 --> 00:52:20,880
Speaker 2: if becomes in handy.

1086
00:52:21,480 --> 00:52:24,359
Speaker 3: Yeah, exactly. It's one of those things like I think

1087
00:52:24,400 --> 00:52:25,840
Speaker 3: people avoid it because, like you said, you kind of

1088
00:52:25,880 --> 00:52:28,200
Speaker 3: go into that spiral of thinking about what happens if

1089
00:52:28,239 --> 00:52:30,600
Speaker 3: you or someone you care about is not here anymore. Yeah,

1090
00:52:30,640 --> 00:52:32,080
Speaker 3: but it's kind of like it's like it's almost one

1091
00:52:32,080 --> 00:52:33,920
Speaker 3: of the nicest things you can do for the people

1092
00:52:34,160 --> 00:52:36,000
Speaker 3: in your life. Yes, who are part of your family.

1093
00:52:36,000 --> 00:52:39,000
Speaker 3: You're gonna end up who so I help support. It's like, look,

1094
00:52:39,200 --> 00:52:40,840
Speaker 3: I don't want them to be, you know, on the

1095
00:52:40,840 --> 00:52:43,000
Speaker 3: street because I'm not here anymore, and everything got too

1096
00:52:43,000 --> 00:52:46,319
Speaker 3: expensive and overwhelming for them. So I almost had to

1097
00:52:46,320 --> 00:52:48,359
Speaker 3: reframe it so that way I didn't so you don't

1098
00:52:48,400 --> 00:52:49,359
Speaker 3: get stressed out about it.

1099
00:52:49,440 --> 00:52:52,040
Speaker 2: Yeah, and then you I feel like it's always a

1100
00:52:52,040 --> 00:52:54,239
Speaker 2: plot point in movies, like where someone gets killed for

1101
00:52:54,280 --> 00:52:57,800
Speaker 2: your life insurance policy. So it's never exactly like the

1102
00:52:58,320 --> 00:53:02,000
Speaker 2: happy go lucky kind of topic to get brought up.

1103
00:53:02,040 --> 00:53:06,760
Speaker 2: But think about how once the grief, of course, everyone's

1104
00:53:06,800 --> 00:53:08,960
Speaker 2: going to miss you, and they'll never you know, my

1105
00:53:09,040 --> 00:53:11,480
Speaker 2: husband will never find anyone like me. I'll haunt him

1106
00:53:11,520 --> 00:53:15,040
Speaker 2: for life if he even tries. But at least he'll

1107
00:53:15,080 --> 00:53:17,759
Speaker 2: be able to provide, you know, a good life for

1108
00:53:17,840 --> 00:53:21,640
Speaker 2: our kid and my dog. And we had a guest

1109
00:53:21,719 --> 00:53:24,120
Speaker 2: on there's a really good episode of Brown Ambition. Maybe

1110
00:53:24,120 --> 00:53:26,319
Speaker 2: we can find the link to it where we had

1111
00:53:26,440 --> 00:53:29,400
Speaker 2: a life insurance expert on and I'm like, forgetting on

1112
00:53:29,440 --> 00:53:31,759
Speaker 2: her name, damn it, what's her name? Anyway, she came

1113
00:53:31,800 --> 00:53:33,919
Speaker 2: on and one of her points was, especially for black

1114
00:53:33,960 --> 00:53:37,360
Speaker 2: and brown communities, even if you don't have children, consider

1115
00:53:37,440 --> 00:53:41,720
Speaker 2: getting a policy because you can make a nonprofit your beneficiary.

1116
00:53:42,160 --> 00:53:45,440
Speaker 2: And this is another way of potentially passing down wealth

1117
00:53:46,000 --> 00:53:49,319
Speaker 2: in communities that don't have a lot of you know,

1118
00:53:49,400 --> 00:53:52,640
Speaker 2: wealthy benefactors for example. So you know, even if you're

1119
00:53:52,640 --> 00:53:55,200
Speaker 2: single and you don't have any children, take a life

1120
00:53:55,280 --> 00:53:57,960
Speaker 2: an insurance policy out term life insurance. It's really not

1121
00:53:58,280 --> 00:54:02,160
Speaker 2: that terribly expensive, especially if you're younger, and look at

1122
00:54:02,160 --> 00:54:04,920
Speaker 2: it as a way of passing on wealth, you know,

1123
00:54:05,040 --> 00:54:08,359
Speaker 2: to a good cause if you were to pass away.

1124
00:54:08,360 --> 00:54:10,640
Speaker 2: I thought that was a really interesting point that she made.

1125
00:54:11,080 --> 00:54:13,200
Speaker 3: That is such a great idea that never even crossed

1126
00:54:13,200 --> 00:54:16,080
Speaker 3: my mind either. That would be such a great way

1127
00:54:16,120 --> 00:54:17,279
Speaker 3: to help out a cause, like if there's no one

1128
00:54:17,280 --> 00:54:19,399
Speaker 3: you need to worry about supporting after you leave. I mean,

1129
00:54:19,840 --> 00:54:22,160
Speaker 3: that'd be a great way to help out an organization

1130
00:54:22,200 --> 00:54:22,600
Speaker 3: you care.

1131
00:54:22,440 --> 00:54:25,120
Speaker 2: About, or just like get one of those cool benches.

1132
00:54:25,160 --> 00:54:27,360
Speaker 2: I've always wondered, like how do people get those benches

1133
00:54:27,400 --> 00:54:28,240
Speaker 2: in Central Park?

1134
00:54:28,680 --> 00:54:30,680
Speaker 3: You know, I'm always looking like these donors are, like

1135
00:54:30,760 --> 00:54:32,880
Speaker 3: who are these people who are donating these money and

1136
00:54:32,920 --> 00:54:34,759
Speaker 3: getting their names on stuff? Like what's going on?

1137
00:54:34,800 --> 00:54:39,799
Speaker 4: What's this process they did?

1138
00:54:39,880 --> 00:54:44,080
Speaker 2: That's all you need to know. They had some money

1139
00:54:44,080 --> 00:54:47,279
Speaker 2: and they died. That's what happened. Chris, all right, Well

1140
00:54:47,320 --> 00:54:49,799
Speaker 2: that was fun. See you're doing it. You're doing it.

1141
00:54:50,160 --> 00:54:52,160
Speaker 2: I'm talking more to myself than to you. I'm the

1142
00:54:52,160 --> 00:54:54,080
Speaker 2: one who's like, Tiffany, what am I going to do

1143
00:54:54,120 --> 00:54:56,359
Speaker 2: without her? But so far, so good.

1144
00:54:57,320 --> 00:55:00,960
Speaker 3: I'm definitely not trying to Tiffany and live up to

1145
00:55:00,960 --> 00:55:03,120
Speaker 3: those standards because she's She's ma and I won't get

1146
00:55:03,120 --> 00:55:05,000
Speaker 3: into it, but she's an amazing speaker. I always love

1147
00:55:05,160 --> 00:55:07,160
Speaker 3: both of you. Are I love listening to both of you?

1148
00:55:07,719 --> 00:55:10,680
Speaker 2: Oh? Thank you? Well, it's been really wonderful having you on.

1149
00:55:10,760 --> 00:55:13,239
Speaker 2: But you're not off the hook yet, my friend, my

1150
00:55:13,320 --> 00:55:17,160
Speaker 2: new financial friend, because we have to do our favorite segment,

1151
00:55:17,280 --> 00:55:43,959
Speaker 2: second favorite segment after questions, brown boost and brown break.

1152
00:55:53,239 --> 00:55:55,240
Speaker 2: I'm not doing any of the musical things that Tiffany

1153
00:55:55,280 --> 00:55:57,160
Speaker 2: usually does either. I'm sorry, y'all. What does she usually

1154
00:55:57,160 --> 00:56:00,279
Speaker 2: do for brown boost? Brown Boost, brown break, brown boo ooh,

1155
00:56:00,640 --> 00:56:03,600
Speaker 2: star break? What you're gonna do? She always puts it

1156
00:56:03,640 --> 00:56:06,560
Speaker 2: on me. Whatever she's singing, it always has to rhyme

1157
00:56:06,560 --> 00:56:08,120
Speaker 2: with Mandy, so that I'm the one who has to

1158
00:56:08,160 --> 00:56:12,920
Speaker 2: go first, which is fair. I will go first. Do

1159
00:56:12,960 --> 00:56:16,240
Speaker 2: you need me to revisit the rules of brown boost

1160
00:56:16,440 --> 00:56:17,280
Speaker 2: or brown breaking?

1161
00:56:17,360 --> 00:56:19,520
Speaker 3: Chris? Uh, yeah, that'd be good.

1162
00:56:19,840 --> 00:56:22,880
Speaker 2: Okay, So brown boost, it's really an important choice. Okay,

1163
00:56:22,960 --> 00:56:24,399
Speaker 2: It's either like, do we want to leave the show

1164
00:56:24,400 --> 00:56:25,920
Speaker 2: in a high note or do we want to leave

1165
00:56:25,960 --> 00:56:28,080
Speaker 2: the show on a funny slash kind of a down note.

1166
00:56:28,200 --> 00:56:30,200
Speaker 2: So a brown boost we're talking about something that we're

1167
00:56:30,239 --> 00:56:33,120
Speaker 2: excited about that's positive in our lives or careers or

1168
00:56:33,160 --> 00:56:36,359
Speaker 2: finances or whatnot. And then a brown break is something

1169
00:56:36,360 --> 00:56:39,840
Speaker 2: that's really been getting us down financially, career wise, personally,

1170
00:56:40,160 --> 00:56:43,600
Speaker 2: we just want to call out because sometimes it feels

1171
00:56:43,640 --> 00:56:45,719
Speaker 2: good to put a name to something that's bothering you,

1172
00:56:45,840 --> 00:56:48,440
Speaker 2: and other people tend to relate to it. So that

1173
00:56:48,600 --> 00:56:53,000
Speaker 2: is the choice which one of those speaking to you

1174
00:56:53,080 --> 00:56:54,240
Speaker 2: at this particular time.

1175
00:56:55,160 --> 00:56:56,480
Speaker 3: I mean, I didn't want to put end it on

1176
00:56:56,480 --> 00:56:58,279
Speaker 3: a negative note. I can make it less negative, but yeah,

1177
00:56:58,320 --> 00:56:59,759
Speaker 3: I think I'll go with a brown break, because that's

1178
00:57:00,280 --> 00:57:06,040
Speaker 3: what's bothering me here at these people investment options, investment.

1179
00:57:06,040 --> 00:57:07,879
Speaker 2: Okay, so we're both going to do a break, y'all. Okay,

1180
00:57:07,920 --> 00:57:10,439
Speaker 2: so get ready. It's a double breaker. We don't often

1181
00:57:10,480 --> 00:57:11,840
Speaker 2: have a back to back break, so this is going

1182
00:57:11,920 --> 00:57:13,840
Speaker 2: to be It's gonna be fun, all right, Chris, do

1183
00:57:13,840 --> 00:57:14,600
Speaker 2: you want to go first?

1184
00:57:15,400 --> 00:57:15,600
Speaker 1: Yeah?

1185
00:57:15,600 --> 00:57:18,120
Speaker 3: All right, I can hop in here. Okay. So my

1186
00:57:18,200 --> 00:57:21,400
Speaker 3: brown break is I've been I've been getting more messages

1187
00:57:21,440 --> 00:57:26,160
Speaker 3: than I care to receive from friends who are who

1188
00:57:26,240 --> 00:57:29,720
Speaker 3: are investing in all kinds of things in AMC, in

1189
00:57:29,840 --> 00:57:33,200
Speaker 3: cryptocurrencies and all this stuff, and it's just like, look

1190
00:57:33,240 --> 00:57:34,800
Speaker 3: at how much money I made, and you sure you

1191
00:57:34,800 --> 00:57:36,880
Speaker 3: don't want to get in on this, and I'm like, no,

1192
00:57:36,920 --> 00:57:40,360
Speaker 3: I don't. I really don't want to do this. I

1193
00:57:40,400 --> 00:57:42,480
Speaker 3: try not to be mean when I get the messages

1194
00:57:42,520 --> 00:57:44,680
Speaker 3: and tell them to stop sending these things to me.

1195
00:57:45,320 --> 00:57:48,480
Speaker 3: But I'm more so nervous for the other people in

1196
00:57:48,560 --> 00:57:51,000
Speaker 3: the group chats because I can be like whatever, I

1197
00:57:51,040 --> 00:57:52,600
Speaker 3: just ignore it and kill about my day. But I'm like,

1198
00:57:53,640 --> 00:57:55,080
Speaker 3: I can see how some other friends are like, well,

1199
00:57:55,080 --> 00:57:56,760
Speaker 3: maybe I need to go and pull some money out

1200
00:57:56,760 --> 00:57:58,880
Speaker 3: of my retirement account. I hop in on this this

1201
00:57:58,960 --> 00:58:00,880
Speaker 3: AMC thing, and I'm like, please don't.

1202
00:58:00,680 --> 00:58:02,680
Speaker 2: Do that, Oh God, out of your fourm okay, no.

1203
00:58:03,160 --> 00:58:05,040
Speaker 3: Like, please don't do that. And I'm like, that's the

1204
00:58:05,040 --> 00:58:06,840
Speaker 3: thing that people get caught up in the hype of

1205
00:58:06,880 --> 00:58:08,640
Speaker 3: all of this, and it can lead to some people

1206
00:58:08,720 --> 00:58:11,440
Speaker 3: making really quick bad decisions. And so that's why, that's

1207
00:58:11,480 --> 00:58:14,360
Speaker 3: why that's what I'm choosing for today.

1208
00:58:15,400 --> 00:58:18,080
Speaker 2: Oh God, Yeah, I feel you. And especially I remember

1209
00:58:18,120 --> 00:58:22,200
Speaker 2: the story of my dad. My dad drives a he

1210
00:58:22,280 --> 00:58:26,200
Speaker 2: drives for the public transit service in Atlanta called Marta,

1211
00:58:26,680 --> 00:58:30,080
Speaker 2: and one day he's like, Mandy, one of my pastors

1212
00:58:30,160 --> 00:58:32,760
Speaker 2: was telling me about penny stocks he lives. He used

1213
00:58:32,800 --> 00:58:34,720
Speaker 2: to be a stockbroker in New York, and he's like,

1214
00:58:34,760 --> 00:58:36,400
Speaker 2: you need to get all these penny stocks because they're

1215
00:58:36,400 --> 00:58:39,440
Speaker 2: worth pennies today, but they can be worth millions tomorrow.

1216
00:58:39,640 --> 00:58:42,640
Speaker 2: And I said, Dad, you're going to take advice from

1217
00:58:42,880 --> 00:58:45,200
Speaker 2: a very nice man. But he used to be a

1218
00:58:45,200 --> 00:58:48,480
Speaker 2: stockbroker and now he's riding your bus. And that's the

1219
00:58:48,560 --> 00:58:53,280
Speaker 2: man that you want that you're trying to become. No no,

1220
00:58:53,280 --> 00:58:56,640
Speaker 2: no no no no no no no. But if it's

1221
00:58:56,680 --> 00:59:00,360
Speaker 2: not something on the bus, it's like the guys the now.

1222
00:59:00,560 --> 00:59:02,680
Speaker 2: I keep using the cookout analogy, but really it is

1223
00:59:02,720 --> 00:59:09,120
Speaker 2: the group text now group text or Facebook groups, investing clubs, Twitter,

1224
00:59:09,560 --> 00:59:14,200
Speaker 2: you know, like elon, musk tweets and bitcoin tanks or

1225
00:59:14,400 --> 00:59:18,040
Speaker 2: sores whatever, like people, it's just so crazy out there

1226
00:59:18,120 --> 00:59:22,040
Speaker 2: right now. I don't know how listen. I don't feel

1227
00:59:22,080 --> 00:59:26,080
Speaker 2: like I would take investment advice from friends either, But

1228
00:59:26,120 --> 00:59:30,200
Speaker 2: what would get you to maybe like listen to a

1229
00:59:30,240 --> 00:59:32,920
Speaker 2: stock pick from one of those group texts, or has

1230
00:59:32,960 --> 00:59:34,520
Speaker 2: any of them ever worked out for you.

1231
00:59:35,320 --> 00:59:38,520
Speaker 3: From a group text? I don't know if there's anything

1232
00:59:38,720 --> 00:59:40,240
Speaker 3: that any of my friends could do to make me

1233
00:59:41,360 --> 00:59:44,080
Speaker 3: take one of their pieces of advice. The text message.

1234
00:59:44,240 --> 00:59:46,040
Speaker 3: You know, this is probably like a trust issues. So

1235
00:59:46,200 --> 00:59:48,440
Speaker 3: I had a friend who he was really into, like

1236
00:59:48,840 --> 00:59:51,400
Speaker 3: buying and selling shoes when we were younger. He was

1237
00:59:51,440 --> 00:59:53,280
Speaker 3: a sneaker head, so he would buy you buy shoes.

1238
00:59:53,280 --> 00:59:55,560
Speaker 3: He would go to these releases and he's like, hey, Chris,

1239
00:59:55,600 --> 00:59:57,160
Speaker 3: you got to do this, man, I'm making so much

1240
00:59:57,200 --> 00:59:59,040
Speaker 3: money doing this. And I was like, okay, let me

1241
00:59:59,080 --> 01:00:01,440
Speaker 3: do this. I went with them and I bought these shoes.

1242
01:00:01,480 --> 01:00:06,000
Speaker 3: I remember there were these Sinko de Mayo nikes that

1243
01:00:06,080 --> 01:00:07,720
Speaker 3: had the Mexican flag on the side.

1244
01:00:07,840 --> 01:00:11,120
Speaker 4: Okay, it's very specific.

1245
01:00:11,360 --> 01:00:12,920
Speaker 3: He's like, you get this, man, you're gonna be able

1246
01:00:12,920 --> 01:00:15,440
Speaker 3: to flip this. I was like, great, long story short,

1247
01:00:15,680 --> 01:00:16,880
Speaker 3: I did not make any money.

1248
01:00:18,280 --> 01:00:20,840
Speaker 2: You didn't make any money off for Sinkle the Myo sneakers.

1249
01:00:21,000 --> 01:00:24,840
Speaker 3: No, I did not. And I think ever since then,

1250
01:00:24,880 --> 01:00:28,400
Speaker 3: I've had trust issues with people giving me random advice

1251
01:00:28,480 --> 01:00:31,120
Speaker 3: through text messages. But yeah, no, it's like, I don't know.

1252
01:00:31,160 --> 01:00:33,360
Speaker 3: I think for me, you really got to understand something,

1253
01:00:33,480 --> 01:00:35,480
Speaker 3: Like I'm sure he knew what he was doing and

1254
01:00:35,520 --> 01:00:37,560
Speaker 3: he could flip those shoes and be great. I'm sure

1255
01:00:37,600 --> 01:00:40,720
Speaker 3: some of these people I've spent hours studying these these stocks,

1256
01:00:40,720 --> 01:00:43,760
Speaker 3: and they have good data to back up their decisions.

1257
01:00:44,000 --> 01:00:47,200
Speaker 3: But I don't. And I think that's the part that's

1258
01:00:47,440 --> 01:00:50,200
Speaker 3: it's you'd be cautious. Was like, if you don't feel comfortable,

1259
01:00:50,640 --> 01:00:53,720
Speaker 3: don't just jump into this just because somebody else feels

1260
01:00:53,720 --> 01:00:54,520
Speaker 3: comfortable doing this.

1261
01:00:54,840 --> 01:00:57,080
Speaker 2: Yeah, one hundred percent. I mean for me, for you,

1262
01:00:57,200 --> 01:00:58,960
Speaker 2: it was single to MYO sneakers. For me, it was

1263
01:00:59,040 --> 01:00:59,760
Speaker 2: beanie babies.

1264
01:01:00,560 --> 01:01:01,280
Speaker 3: Oh man.

1265
01:01:02,520 --> 01:01:07,040
Speaker 2: Yeah, I'm still waiting for my millions aunties and friends

1266
01:01:07,040 --> 01:01:08,880
Speaker 2: at school who told me to get all of them

1267
01:01:09,280 --> 01:01:11,240
Speaker 2: and we would like spend money, we would protect them

1268
01:01:11,280 --> 01:01:13,160
Speaker 2: at all costs. I think I put one in a

1269
01:01:13,240 --> 01:01:17,400
Speaker 2: time capsule, like you know, I was thirteen when y

1270
01:01:17,520 --> 01:01:20,480
Speaker 2: uk came along, or didn't come along rather, And yeah,

1271
01:01:20,480 --> 01:01:23,320
Speaker 2: I buried my millennium beanie baby, thinking wow, I'm really

1272
01:01:23,400 --> 01:01:27,000
Speaker 2: just like burying my nest egg right now. I can

1273
01:01:27,520 --> 01:01:30,160
Speaker 2: dig this up in the after and cash it out

1274
01:01:30,160 --> 01:01:30,800
Speaker 2: of the bank. Yeah.

1275
01:01:30,920 --> 01:01:33,920
Speaker 3: No, my mom has a garage full of beanie babies

1276
01:01:33,920 --> 01:01:35,280
Speaker 3: still in their protective cases.

1277
01:01:35,760 --> 01:01:39,600
Speaker 2: Oh no, she has. Oh that's so funny. Well, you know, hope,

1278
01:01:39,600 --> 01:01:41,280
Speaker 2: and she's going to hang on to my bet.

1279
01:01:41,760 --> 01:01:44,080
Speaker 3: They're not going anywhere. I mean, hey, look, Pokemon cards

1280
01:01:44,160 --> 01:01:46,760
Speaker 3: for some reason going wold. Maybe beanie babies will circle

1281
01:01:46,800 --> 01:01:47,640
Speaker 3: back around dude.

1282
01:01:47,680 --> 01:01:50,320
Speaker 2: My husband was just like, he just went home to

1283
01:01:50,360 --> 01:01:52,120
Speaker 2: his parents to go try and dig up his whole

1284
01:01:52,120 --> 01:01:54,520
Speaker 2: Pokemon cards. He couldn't find them. He was so mad

1285
01:01:55,480 --> 01:01:56,760
Speaker 2: about Pokemon cards.

1286
01:01:56,880 --> 01:02:00,400
Speaker 3: I did the same thing. I called my dad, like, hey,

1287
01:02:00,760 --> 01:02:02,880
Speaker 3: are those Pokemon cars still in the garage because I

1288
01:02:02,960 --> 01:02:05,720
Speaker 3: wouldn't need those. He could not find them. They were

1289
01:02:05,760 --> 01:02:07,480
Speaker 3: nowhere to be found. I was very disappointed.

1290
01:02:07,560 --> 01:02:09,120
Speaker 2: But the beanie babies were okay.

1291
01:02:09,360 --> 01:02:12,200
Speaker 3: Yeah, beanie babies. No, they're still on their shelf. They've

1292
01:02:12,200 --> 01:02:14,120
Speaker 3: been on the same shelf for I think ten years,

1293
01:02:14,800 --> 01:02:16,480
Speaker 3: just sitting there in their nice clearcases.

1294
01:02:16,880 --> 01:02:20,680
Speaker 2: Oh lord, all right, well that's really funny. Okay, So

1295
01:02:20,720 --> 01:02:23,040
Speaker 2: my break is going to be it's going to be

1296
01:02:23,040 --> 01:02:24,120
Speaker 2: a big one. I'm going to try it to go

1297
01:02:24,160 --> 01:02:26,440
Speaker 2: on too long. But as I said, I'm from the

1298
01:02:26,440 --> 01:02:29,400
Speaker 2: state of Georgia, which has a lot of great things

1299
01:02:29,440 --> 01:02:33,000
Speaker 2: going forward. You know, world of coke, black people thrive

1300
01:02:33,080 --> 01:02:37,320
Speaker 2: in Atlanta. It's wonderful. We saved the Senate this year

1301
01:02:37,800 --> 01:02:41,800
Speaker 2: with John Osoff and Rafael Warnocks win and the Senate race.

1302
01:02:42,280 --> 01:02:44,400
Speaker 2: You know, we also saved the election. If you guys

1303
01:02:44,400 --> 01:02:46,480
Speaker 2: don't remember black women and Lena did. We did that,

1304
01:02:47,480 --> 01:02:49,280
Speaker 2: thank you, I'm like taking credit. I don't even live there.

1305
01:02:49,320 --> 01:02:52,800
Speaker 2: I don't vote in Georgia anymore anyway, but Georgia still

1306
01:02:52,840 --> 01:02:56,840
Speaker 2: has a lot of craziness happening. And I kind oft

1307
01:02:56,840 --> 01:03:00,680
Speaker 2: believe this headline, but it's something that I wanted to

1308
01:03:00,680 --> 01:03:04,040
Speaker 2: talk about because it's just showing how important local elections

1309
01:03:04,040 --> 01:03:07,840
Speaker 2: are beyond the presidential election. And I will continue harping

1310
01:03:07,840 --> 01:03:11,000
Speaker 2: on this, y'all because look at the Shenanigans. My state

1311
01:03:11,160 --> 01:03:14,200
Speaker 2: is up to my God. So the Georgia Education Board

1312
01:03:14,280 --> 01:03:17,440
Speaker 2: has passed a resolution just a few days ago to

1313
01:03:17,560 --> 01:03:21,560
Speaker 2: limit the ability of teachers in schools where they educate

1314
01:03:21,680 --> 01:03:23,480
Speaker 2: children who will go out into the world in the

1315
01:03:23,480 --> 01:03:26,840
Speaker 2: future and be citizens in this country, limit them from

1316
01:03:27,440 --> 01:03:31,440
Speaker 2: talking about race and the history of racism in this country.

1317
01:03:32,000 --> 01:03:35,840
Speaker 2: Like that's the thing that the Board of Education could do.

1318
01:03:36,200 --> 01:03:40,080
Speaker 2: And the governor Brian Kemp, who by the way, stole

1319
01:03:40,080 --> 01:03:43,800
Speaker 2: the election from Stacy Abrams a couple of years ago.

1320
01:03:43,960 --> 01:03:48,520
Speaker 2: That's Stacy Abram's whole you know, launch into this Fair

1321
01:03:48,680 --> 01:03:53,080
Speaker 2: Fight Action nonprofit that she's built to expand voting rights

1322
01:03:53,120 --> 01:03:55,600
Speaker 2: and voting access across the country, but especially in Georgia.

1323
01:03:55,800 --> 01:03:57,840
Speaker 2: Brian Kemp was one of the reasons why, and he

1324
01:03:58,000 --> 01:04:01,240
Speaker 2: himself was the one urging the the Board of Education

1325
01:04:01,920 --> 01:04:05,120
Speaker 2: to take quote immediate steps to ensure that critical race

1326
01:04:05,160 --> 01:04:09,040
Speaker 2: theory and its dangerous ideology do not take root in

1327
01:04:09,160 --> 01:04:15,720
Speaker 2: our state standards and curriculum. And it passed. So this

1328
01:04:15,960 --> 01:04:21,440
Speaker 2: is I'm just like, oh, I mean, I remember in

1329
01:04:22,080 --> 01:04:25,880
Speaker 2: school talking about like people getting really fired up about

1330
01:04:25,920 --> 01:04:28,360
Speaker 2: Georgia state flag because it had the Confederate emblement it

1331
01:04:28,440 --> 01:04:30,000
Speaker 2: and they were going to change it. I remember that

1332
01:04:30,040 --> 01:04:33,600
Speaker 2: being being really confused by how intensely debated that was

1333
01:04:33,640 --> 01:04:36,880
Speaker 2: in class and stuff. And I was in class when

1334
01:04:37,440 --> 01:04:39,880
Speaker 2: we were reading Huckleberry finn In. One of my white

1335
01:04:41,120 --> 01:04:44,479
Speaker 2: female classmates asked, why can't we say the N word?

1336
01:04:44,560 --> 01:04:46,520
Speaker 2: And she said the N word? Like, what's wrong with it?

1337
01:04:46,840 --> 01:04:48,560
Speaker 2: They say it in the book? Why can't we say it? So,

1338
01:04:49,160 --> 01:04:50,760
Speaker 2: as a kid who used to be one of the

1339
01:04:50,760 --> 01:04:57,440
Speaker 2: only ones in her class, I can't. I can't conceive

1340
01:04:57,480 --> 01:04:59,560
Speaker 2: that we could be going backwards like this. It's really

1341
01:04:59,560 --> 01:05:03,480
Speaker 2: scary to me. And I just want to raise awareness

1342
01:05:03,480 --> 01:05:06,200
Speaker 2: of that, of this thing that's happening in Georgia, and

1343
01:05:06,240 --> 01:05:07,880
Speaker 2: I hope. I don't know if there's a way to

1344
01:05:08,680 --> 01:05:12,720
Speaker 2: to vote this away or to undo it. But it's

1345
01:05:12,760 --> 01:05:18,680
Speaker 2: scary that so simply and easily you can deny children

1346
01:05:18,720 --> 01:05:22,800
Speaker 2: who are supposed to be educated. This discussion is about

1347
01:05:22,800 --> 01:05:30,000
Speaker 2: this very important, very bloody, very tragic, you know, chapter

1348
01:05:30,440 --> 01:05:34,160
Speaker 2: or book in our nation's history that is still impacting

1349
01:05:34,200 --> 01:05:36,840
Speaker 2: them today. It just it like boggles my mind that

1350
01:05:36,880 --> 01:05:37,760
Speaker 2: this is even happening.

1351
01:05:38,600 --> 01:05:41,680
Speaker 3: I don't I don't understand it. I saw I saw

1352
01:05:41,760 --> 01:05:45,640
Speaker 3: the same article, and I mean, it's not like there

1353
01:05:45,680 --> 01:05:49,800
Speaker 3: are they currently were teaching like in depth history of

1354
01:05:50,400 --> 01:05:52,720
Speaker 3: what was really happening in America over the years. I remember,

1355
01:05:52,840 --> 01:05:54,480
Speaker 3: there's so many things I didn't learn about until I

1356
01:05:54,560 --> 01:05:57,000
Speaker 3: was in college or just learned about on my own,

1357
01:05:57,360 --> 01:05:59,720
Speaker 3: including like the Tulsa massacre, Like that was something that

1358
01:05:59,760 --> 01:06:02,000
Speaker 3: people in Oklahoma don't even know about that beause they

1359
01:06:02,040 --> 01:06:04,680
Speaker 3: weren't talked about it in school. And it's like to

1360
01:06:04,720 --> 01:06:09,640
Speaker 3: then even say we can't even mention the factual history

1361
01:06:09,640 --> 01:06:12,000
Speaker 3: and the discrimination that's occurred in the state and in

1362
01:06:12,000 --> 01:06:15,320
Speaker 3: the country. It's it really makes you think, like why,

1363
01:06:15,520 --> 01:06:17,640
Speaker 3: why is that even possible to do something like that.

1364
01:06:18,360 --> 01:06:20,760
Speaker 2: Yeah, absolutely, I will give a shout out to a

1365
01:06:20,800 --> 01:06:23,360
Speaker 2: teacher named Tracy Penley. She was named the state Teacher

1366
01:06:23,400 --> 01:06:26,320
Speaker 2: of the Year and she unfortunately doesn't have a vote

1367
01:06:26,360 --> 01:06:29,240
Speaker 2: on the board despite being State Teacher of the Year.

1368
01:06:29,320 --> 01:06:32,440
Speaker 2: But she also spoke out against it and says to

1369
01:06:32,480 --> 01:06:34,680
Speaker 2: say that we're not a racist state flies in the

1370
01:06:34,680 --> 01:06:36,480
Speaker 2: face of all the research that I've been taught and

1371
01:06:36,480 --> 01:06:39,320
Speaker 2: that I've looked at. And it's true. I mean, racism

1372
01:06:39,400 --> 01:06:42,520
Speaker 2: is alive and well in Georgia, despite how there are

1373
01:06:42,560 --> 01:06:45,360
Speaker 2: so many is an amazing it can be an amazing

1374
01:06:45,400 --> 01:06:46,960
Speaker 2: place to live, and I was I'm proud to be

1375
01:06:46,960 --> 01:06:50,600
Speaker 2: have been raised there. But until we can't become a

1376
01:06:50,600 --> 01:06:53,560
Speaker 2: better state or better country until we're willing to acknowledge

1377
01:06:53,600 --> 01:06:57,520
Speaker 2: these flaws in ourselves. And racism is very much alive

1378
01:06:57,560 --> 01:06:59,800
Speaker 2: and well in Georgia. I don't know what the breakdown is,

1379
01:06:59,840 --> 01:07:02,520
Speaker 2: but I can guarantee you Georgian's made up a fair

1380
01:07:02,640 --> 01:07:06,720
Speaker 2: few number of state rioters at the Capitol back in January.

1381
01:07:07,240 --> 01:07:09,680
Speaker 2: And beyond that, I'm just a person who knows there's

1382
01:07:09,960 --> 01:07:13,959
Speaker 2: freezes people in my home state. And as a mom,

1383
01:07:14,240 --> 01:07:17,080
Speaker 2: like I'm already like my son that are get ready

1384
01:07:17,080 --> 01:07:19,280
Speaker 2: I'm going to be investigating all of his textbooks, I'm

1385
01:07:19,320 --> 01:07:23,720
Speaker 2: going to be like, where's the chapter on slavery? What

1386
01:07:23,760 --> 01:07:26,080
Speaker 2: do they talk about? You know, what are their references?

1387
01:07:26,160 --> 01:07:28,760
Speaker 2: And I think it's really important as parents today to

1388
01:07:28,800 --> 01:07:33,160
Speaker 2: just be woke about, really engaged with what our children

1389
01:07:33,240 --> 01:07:36,720
Speaker 2: are being taught in school, so that we can listen

1390
01:07:36,760 --> 01:07:39,760
Speaker 2: at the end of the day. If it's definitely easy

1391
01:07:39,800 --> 01:07:43,400
Speaker 2: for obviously boards of education, nepacities to sources of resolutions,

1392
01:07:43,400 --> 01:07:46,600
Speaker 2: but it's also easy to take your kids to the library.

1393
01:07:46,840 --> 01:07:49,120
Speaker 2: It's also easy to talk about things at the dinner

1394
01:07:49,120 --> 01:07:51,360
Speaker 2: table that maybe aren't maybe when I was growing up,

1395
01:07:51,360 --> 01:07:54,480
Speaker 2: weren't considered polite conversation. But we've got to educate ourselves

1396
01:07:54,520 --> 01:07:56,680
Speaker 2: and make sure our kids are educated. And thankfully there's

1397
01:07:57,280 --> 01:08:01,360
Speaker 2: a million different ways to get that education. And it's

1398
01:08:01,440 --> 01:08:05,120
Speaker 2: still really troubling, but I'm at least heartened by the

1399
01:08:05,200 --> 01:08:07,560
Speaker 2: fact that, you know, you have some schools, on the

1400
01:08:07,600 --> 01:08:10,560
Speaker 2: other hand, who are teaching critical race theory and teaching

1401
01:08:11,080 --> 01:08:13,840
Speaker 2: sixteen nineteen project by Nicole Hannah Jones from The New

1402
01:08:13,920 --> 01:08:17,000
Speaker 2: York Times, Like, so there's education out there. We just

1403
01:08:17,040 --> 01:08:19,120
Speaker 2: have to be really, you know, on top of it

1404
01:08:19,160 --> 01:08:21,840
Speaker 2: and just make sure that kids are getting a very

1405
01:08:21,880 --> 01:08:29,240
Speaker 2: like realistic and honest, factual telling of our country's history,

1406
01:08:29,560 --> 01:08:30,240
Speaker 2: good and bad.

1407
01:08:30,880 --> 01:08:33,720
Speaker 3: Yeah, exactly, I mean, and I mean this just goes

1408
01:08:33,760 --> 01:08:35,599
Speaker 3: back to your point of saying how important these local

1409
01:08:35,640 --> 01:08:39,360
Speaker 3: elections are because these people making the decisions they really

1410
01:08:39,360 --> 01:08:41,120
Speaker 3: want to keep their jobs. They really want to keep

1411
01:08:41,120 --> 01:08:45,639
Speaker 3: those positions. And if they're pressed, and if their people

1412
01:08:45,680 --> 01:08:49,679
Speaker 3: are vocal about their like their displeasure with what they're

1413
01:08:49,680 --> 01:08:51,760
Speaker 3: doing and the decisions they're making, you can both them

1414
01:08:51,760 --> 01:08:53,439
Speaker 3: out or you can put the pressure in them and

1415
01:08:53,479 --> 01:08:55,439
Speaker 3: make different decisions. But if they feel comfortable like they're

1416
01:08:55,479 --> 01:08:57,479
Speaker 3: never going to get pushed out, then they'll continue to

1417
01:08:57,479 --> 01:08:58,639
Speaker 3: make these horrible decisions.

1418
01:08:59,320 --> 01:09:01,839
Speaker 2: Yeah. Absolutely. And you can get so mad at an article,

1419
01:09:01,920 --> 01:09:04,800
Speaker 2: but you know, were you there at the polls when

1420
01:09:04,840 --> 01:09:08,320
Speaker 2: you had a chance to vote. So all right, Well,

1421
01:09:08,320 --> 01:09:10,599
Speaker 2: that was definitely a heavy note to end on Chris

1422
01:09:11,479 --> 01:09:14,160
Speaker 2: that I had to do what I had to do it.

1423
01:09:14,240 --> 01:09:17,400
Speaker 2: But listen, this has been such a pleasure having you

1424
01:09:17,520 --> 01:09:19,680
Speaker 2: joined the show. I'm so glad that you're out there

1425
01:09:19,720 --> 01:09:22,639
Speaker 2: doing what you're doing. I hope Popcorn Finance you guys

1426
01:09:22,640 --> 01:09:25,080
Speaker 2: got to go check it out, subscribe or sorry you

1427
01:09:25,160 --> 01:09:26,880
Speaker 2: follow it now on Apple.

1428
01:09:26,600 --> 01:09:28,960
Speaker 3: Podcast and they have changed the language everything yet it's following.

1429
01:09:29,320 --> 01:09:33,559
Speaker 2: Follow popcorn Finance, leave a review, go find Chris. He's

1430
01:09:33,560 --> 01:09:37,200
Speaker 2: on all the socials at Popcorn Finance, and then also

1431
01:09:37,320 --> 01:09:39,280
Speaker 2: check out his other show, This is Awkward. Who is

1432
01:09:39,320 --> 01:09:39,920
Speaker 2: your co host?

1433
01:09:40,560 --> 01:09:42,080
Speaker 3: It's Allison Alison Baggerley.

1434
01:09:42,760 --> 01:09:45,920
Speaker 2: Alison Baggerley, awesome. Thank you Chris. Any last words for

1435
01:09:45,960 --> 01:09:48,160
Speaker 2: the BA fan, I would.

1436
01:09:47,960 --> 01:09:50,080
Speaker 3: Say, thank you so much for having me. Mandy was

1437
01:09:50,080 --> 01:09:52,479
Speaker 3: grigging and talked with you on here, and you know,

1438
01:09:52,520 --> 01:09:55,000
Speaker 3: I just I appreciate you. Just let me join you

1439
01:09:55,040 --> 01:09:57,719
Speaker 3: here while Tiffany's off for a little bit of a break.

1440
01:09:57,720 --> 01:09:59,519
Speaker 3: But it's been so great talking with you and all

1441
01:09:59,560 --> 01:10:00,400
Speaker 3: of the audi answer.

1442
01:10:01,000 --> 01:10:02,920
Speaker 2: Thank you. You made it less scary for me to

1443
01:10:02,960 --> 01:10:06,880
Speaker 2: be without Tiffany for the first time ever. I feel

1444
01:10:06,960 --> 01:10:09,360
Speaker 2: so crazy to do it without her, but this was great.

1445
01:10:09,400 --> 01:10:10,120
Speaker 2: Thank you Chris.

1446
01:10:11,000 --> 01:10:12,720
Speaker 3: Oh no, thank you so much. It's great talking with you.