WEBVTT - Just quit already! And other new rules for wealth-building with Chris Browning

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<v Speaker 1>Hey, hey va fam, Hope you guys are having a

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<v Speaker 1>wonderful holiday season. It's Mandy here again with another special

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<v Speaker 1>look back at one of our best episodes of twenty

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<v Speaker 1>twenty one. This episode features special guest co host and

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<v Speaker 1>friend of mine, Chris Browning. He's the host of the

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<v Speaker 1>popular business and finance podcast Popcorn Finance, and in this episode,

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<v Speaker 1>Chris gave us a memorable lesson and how to take

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<v Speaker 1>control of your money and build your wealth. From teaching

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<v Speaker 1>us how to get past survival mode to learning all

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<v Speaker 1>new financial rules, Chris can break down everything about finance

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<v Speaker 1>in the time it takes to literally make a bag

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<v Speaker 1>of popcorn. Y'all enjoy this episode and happy happy holiday

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<v Speaker 1>season in a very happy New Year. From Mandy and

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<v Speaker 1>the entire Brown Ambition team.

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<v Speaker 2>Hey hey, hey, it is Mandra and I am joined

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<v Speaker 2>this week very special. This is the kickoff of our

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<v Speaker 2>summer co host series and our first subber co host

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<v Speaker 2>is Chris Browning from Popcorn Finance.

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<v Speaker 3>Hey, Chris, Hey, thank you so much for having me.

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<v Speaker 3>I'm excited to be joining me.

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<v Speaker 2>I'm excited too. I feel like we have had these

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<v Speaker 2>tandem podcasting journeys and it wasn't until not that long

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<v Speaker 2>ago that we actually connected one on one to get

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<v Speaker 2>to know each other a little bit.

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<v Speaker 3>Yeah, I think the pandemic made a lot of zoom

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

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<v Speaker 2>And remember how our first call, I think it was

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<v Speaker 2>maybe three like I set up a call with you,

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<v Speaker 2>and then it was back before I had childcare, and

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<v Speaker 2>I think you had to endure maybe fifteen minutes of

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<v Speaker 2>a screaming child before I finally gave up and put

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<v Speaker 2>you out of your misery and myself, and I was like,

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<v Speaker 2>let's do this again. And then maybe three months went

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<v Speaker 2>by and I was like, I finally have childcare, let's talk,

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<v Speaker 2>let's do it.

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<v Speaker 3>So yeah, no, I understan. I was like, hey, you

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<v Speaker 3>can put me on hold and call me back later.

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<v Speaker 3>It's fine. I understood.

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

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

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<v Speaker 2>It's been around for four years now, right, you also

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<v Speaker 2>have another podcast. Note, because one is not enough, I

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<v Speaker 2>don't know how you do two. Your other podcast is

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<v Speaker 2>called This is Awkward. Talk to the folks and tell

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<v Speaker 2>them why they should listen.

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<v Speaker 3>Uh yeah, well thank you for the introduction there. Yeah.

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<v Speaker 3>So Popcorn Finance it'll be four years at the end

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<v Speaker 3>of June, which is crazy. I never would have thought

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<v Speaker 3>it would be going on this long. But it is

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<v Speaker 3>a short form podcast where I talk about finance and

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<v Speaker 3>about the time it takes make popcorns. That's where the

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<v Speaker 3>name of the show comes from. It's like short form.

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<v Speaker 3>I try to keep the episodes under ten minutes and

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<v Speaker 3>just talk about all things finance, investing, saving money issues,

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<v Speaker 3>all that stuff. It's just a place to kind of

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<v Speaker 3>quickly get into these topics and make it less scary.

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

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<v Speaker 3>I'd started another podcast with the first to buying Alison

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<v Speaker 3>from Inspired Budget. We have a show called This Is Awkward,

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<v Speaker 3>and that one is a little more fun. It's a

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<v Speaker 3>little more lighthearted. We have people call in and they

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<v Speaker 3>share with us awkward money situations that they've dealt with,

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<v Speaker 3>and then we kind of talked through the situation and

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<v Speaker 3>gave our advice on how we would have dealt with

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

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<v Speaker 3>So that's the other show have going on.

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<v Speaker 2>Oh, I love that. Have you ever had I think

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<v Speaker 2>we might have a usual friend Broke Millennial Aaron Lowry?

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<v Speaker 2>Have you ever had that on the show?

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<v Speaker 3>I have multiple times.

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<v Speaker 2>She wrote a whole book on awkward money conversations. Y'all

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<v Speaker 2>got to check out the Broke Millennial series. Just a

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<v Speaker 2>little plug for a pal, but oh god, that, I

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<v Speaker 2>mean you guys must have endless, endless material because everything

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<v Speaker 2>about money is awkward.

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<v Speaker 3>It really is. It really opened my eyes to how

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<v Speaker 3>many of us deal with these situations. And I think

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<v Speaker 3>sometimes we think it's like just us, like, oh, we're

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<v Speaker 3>the only ones with weird family or friends are asking

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<v Speaker 3>for money. But it's like, no, everybody, everybody's dealing with

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<v Speaker 3>this stuff.

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<v Speaker 2>I mean, damn, Like my family, I'm trying to figure

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<v Speaker 2>out we're supposed to have a family reunion in Atlanta

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<v Speaker 2>is coming weekend, so it's my first trip with Husbane

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

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

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<v Speaker 2>He only rides free for another six months, so I

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<v Speaker 2>got to take advantage of his free He's still considered

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<v Speaker 2>an infant, even though he's huge so he's gonna ride

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

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<v Speaker 2>family reunion. And that's the only details I was given.

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<v Speaker 2>But now it's like my dad is on the outs

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<v Speaker 2>with my aunt and no one will tell me what

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<v Speaker 2>I'm like, what do I need to bring? I need

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<v Speaker 2>to figure out who to give money to. I don't

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<v Speaker 2>know how much, and it's it's already becoming a delightful

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<v Speaker 2>dramatic situation. But whatever, I'm just there to eat.

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<v Speaker 3>So that he had to go into the family situation,

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<v Speaker 3>just say, hey, I'm just here for the food. Whatever

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

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<v Speaker 2>Do you Is your family like into family reunions? Is

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<v Speaker 2>that a thing? So? Browning family reunion every year somewhere.

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<v Speaker 3>My family's from the South, so barely anybody is out

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<v Speaker 3>here in California. So I only went to work, right right?

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

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<v Speaker 3>My mouns from Louisiana.

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

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

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

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<v Speaker 2>I'm gonna say that is real, real southern those two

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

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<v Speaker 2>the coasts. Yeah. So this is a big deal for

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

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

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<v Speaker 2>it was in Georgia and I'm here in New York

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<v Speaker 2>and it's always an inconvenient time. But this time, after

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<v Speaker 2>the pandemic, I think it just helped me realize, you know,

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<v Speaker 2>how important it is. Like my uncles, God bless them,

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<v Speaker 2>they survived this pandemic, My great uncles, they're all in

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<v Speaker 2>their eighties and nineties, it feels like, and so it's

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<v Speaker 2>really just like a celebration of you know, that side

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

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<v Speaker 2>the drama aside, I'm excited to get us together.

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<v Speaker 3>Yeah. I mean, if anything, the past year, it kind

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<v Speaker 3>of does make you appreciate family, especially your older family,

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<v Speaker 3>because a lot of people don't have family that they

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<v Speaker 3>had at the start of the pandemic. So it's like,

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<v Speaker 3>all right, you know, I need to make it morever

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<v Speaker 3>a point to you know, see my parents and be

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<v Speaker 3>around these people who you know you're only gonna be

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<v Speaker 3>around for so long.

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<v Speaker 2>Absolutely, Yeah, well awkward. I mean, honestly, I've been thinking

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<v Speaker 2>a lot about awkward money conversations lately because for my

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<v Speaker 2>husband and I, one of the ongoing arguments I don't

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<v Speaker 2>know if i'd call it awkward as much as just

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<v Speaker 2>just a complete difference of opinion about how to spend

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<v Speaker 2>our money really has has always been for maybe the

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<v Speaker 2>ninety percent of our relationship, we have spent arguing back

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<v Speaker 2>and forth about whether or not to get a Tesla. Oh,

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<v Speaker 2>are you familiar with Tesla's, Chris.

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<v Speaker 3>I'm very familiar with Tesla's. I've been I've been stalking

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

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<v Speaker 3>one into my home yet, I've been watching him.

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<v Speaker 2>Yeah. So that was my husband. I mean, this was

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<v Speaker 2>one of the first huge fights we ever had. Was

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<v Speaker 2>when we were it was twenty sixteen or something like that.

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<v Speaker 2>We had moved in with his parents to pay no

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<v Speaker 2>rent so that we could save up for our wedding.

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<v Speaker 2>And you know, and me, I'm the personal finance expert

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<v Speaker 2>in our relationship, so I like to say, and I'm

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<v Speaker 2>kind of uptight and maybe a tiny bit of a

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<v Speaker 2>control freak about our whole saving and plan, you know,

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<v Speaker 2>especially at that time when we were really working hard

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<v Speaker 2>to set something aside and pay for the wedding in cash.

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<v Speaker 2>And at the time, you could reserve a Tesla. I

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<v Speaker 2>forget which model. It was like the one, two, three

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<v Speaker 2>X y Z who knows, And I, you know, he

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<v Speaker 2>talked about Tesla's but I just you know, it's kind

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<v Speaker 2>of like sports. I just just in one year out

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

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<v Speaker 2>a Like yeah, sure, that sounds like a luxury car.

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<v Speaker 2>We could never afford, so why even you know, entertain that.

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<v Speaker 2>But one day I got the mail and there was

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<v Speaker 2>this letter in it and it was like gratulations, We've

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<v Speaker 2>we've gotten your one thousand dollars commitment and you're in

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<v Speaker 2>line to get a Tesla. And I said a lot,

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<v Speaker 2>oh man, I was mad. I mean, looking back on

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<v Speaker 2>it now, a thousand. I mean it was. It was

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<v Speaker 2>a lot of money, especially when we were literally just

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<v Speaker 2>putting ourselves so in such an uncomfortable situation, living with

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<v Speaker 2>his parents with one bathroom in a teeny tiny apartment

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<v Speaker 2>with like no air conditioning, in the warst summer in

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

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<v Speaker 2>but you spent like you put down it, not even

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<v Speaker 2>to get the car, just to get in line for

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<v Speaker 2>the car. So that is how far back our Tesla,

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<v Speaker 2>you know, our our Tesla debate has gone, or battle,

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

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<v Speaker 2>For five, six, seven years? I have held him. I

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<v Speaker 2>have held it at Bay. We got the we did

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<v Speaker 2>the wedding, we did the honeymoon, we got our house,

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<v Speaker 2>we did the renovation, we had a baby, we had

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<v Speaker 2>a pandemic, and finally I ran out of excuses, Christy,

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<v Speaker 2>I ran out of reasons not to get a Tesla.

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<v Speaker 2>That is what happened, and we took the We took

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<v Speaker 2>our baby Tesla home today from the Tesla, the Tesla

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<v Speaker 2>cabbage Patch factory thing. Yeah.

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<v Speaker 3>Well, I mean, well, congratulations on the car. I mean,

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<v Speaker 3>that's that's some patience to stick it out all of

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<v Speaker 3>that time, through all those life events and just like

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<v Speaker 3>hold out hope. Man, I know, I know one day

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<v Speaker 3>that Tessa's gonna make it home.

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<v Speaker 2>He really, I mean, he's the underdog in any like

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<v Speaker 2>sports and sports movie except instead of sports. It's like,

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<v Speaker 2>I just really want to get this this Tesla. And

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<v Speaker 2>the number of people we haven't told a lot of

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<v Speaker 2>people but friends and family who he's told, I mean,

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<v Speaker 2>everyone knows what it means to him, because that is

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<v Speaker 2>how obsessed this man has been with this car. But

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

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<v Speaker 2>I know, do you guys a house? Are you renting?

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<v Speaker 3>We're renting, so, I mean I can. I can only

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<v Speaker 3>do so much, but I can. I can use a

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<v Speaker 3>power drill. I can say I could do that much.

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

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<v Speaker 2>for so long before we got the house, and he

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<v Speaker 2>literally he went to the library took out a book

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<v Speaker 2>on how to do his own electric and he has

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<v Speaker 2>been doing all these little electrical projects. And he actually

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<v Speaker 2>installed the charging station for the Tesla, like he made

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<v Speaker 2>it himself before he even had a Tesla, Like he

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<v Speaker 2>has been manifesting this Tesla for such a long time.

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<v Speaker 2>And to see his face it was actually I was

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

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

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<v Speaker 2>of the future. All that stuff. It was. It's a

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

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<v Speaker 2>you know, in terms of like my values, it's never

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<v Speaker 2>I was never going to spend a lot of money

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<v Speaker 2>on a car. It just wasn't a part of my

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<v Speaker 2>personal I don't know idea of what my values are

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<v Speaker 2>when it comes to money. Do you and your do

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<v Speaker 2>you and your wife? Do y'all have those types of

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<v Speaker 2>like stalemates where it's just about your value my value?

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<v Speaker 2>For example, I would I would choose travel over everything,

0:11:13.600 --> 0:11:15.880
<v Speaker 2>and Enrique was like, I really want this car, and

0:11:15.920 --> 0:11:18.400
<v Speaker 2>that's where we kind of came to head. So do

0:11:18.480 --> 0:11:22.960
<v Speaker 2>you guys have any of those big like disagreements.

0:11:23.440 --> 0:11:25.520
<v Speaker 3>Yeah, I mean we definitely have. I mean I want

0:11:25.520 --> 0:11:27.680
<v Speaker 3>to say too, but that that's some dedication. He was like,

0:11:27.679 --> 0:11:29.920
<v Speaker 3>it's just prepping. He was prepping. He put his own

0:11:30.000 --> 0:11:31.959
<v Speaker 3>charger in there in advance. He just knew what was

0:11:31.960 --> 0:11:36.440
<v Speaker 3>gonna happen. I just fan, that's I'm impressed. Uh, we've

0:11:36.480 --> 0:11:38.400
<v Speaker 3>had those for sure. Like I think I'm more on

0:11:38.440 --> 0:11:42.800
<v Speaker 3>your side where I'm like, Okay, I have these financial goals.

0:11:42.840 --> 0:11:45.640
<v Speaker 3>I'm not doing anything else until I get to where

0:11:45.640 --> 0:11:49.200
<v Speaker 3>I'm going on this and I'm also I'm not a

0:11:49.240 --> 0:11:52.680
<v Speaker 3>big spender, Like I'll spend occasionally, but I don't. It

0:11:52.679 --> 0:11:54.880
<v Speaker 3>doesn't bother me not to, like, you know, say all right,

0:11:54.880 --> 0:11:56.360
<v Speaker 3>I'm not going to do this because it costs money,

0:11:56.400 --> 0:11:59.280
<v Speaker 3>and I'll just I'll be fine. And I think that's

0:11:59.280 --> 0:12:01.559
<v Speaker 3>where we butt it. It's because for my wife, she's like, look, well,

0:12:01.559 --> 0:12:03.480
<v Speaker 3>look we need if we need this for the house

0:12:03.559 --> 0:12:06.280
<v Speaker 3>or we need to do this, and it's important, it's

0:12:06.280 --> 0:12:08.559
<v Speaker 3>worth the money. And I'm like, what, But is it though? Really,

0:12:08.679 --> 0:12:11.920
<v Speaker 3>like is it really worth the money? Because I'm kind

0:12:11.920 --> 0:12:14.800
<v Speaker 3>of liking seeing the savings account to actually grow. Is

0:12:14.800 --> 0:12:17.000
<v Speaker 3>it really worth it? Like I can give up a

0:12:17.000 --> 0:12:19.440
<v Speaker 3>lot just for the satisfaction of seeing that I have

0:12:19.559 --> 0:12:22.880
<v Speaker 3>something in savings, That's what I'm saying. So we've definitely.

0:12:22.520 --> 0:12:25.600
<v Speaker 2>What's the money Therefore, if not to just see it

0:12:25.679 --> 0:12:27.439
<v Speaker 2>like I see it, I want to feel it, I

0:12:27.520 --> 0:12:29.880
<v Speaker 2>want to like play and roll around in it digitally.

0:12:29.960 --> 0:12:32.560
<v Speaker 2>Of course, it's really hard to give it up. It's

0:12:32.600 --> 0:12:34.200
<v Speaker 2>really hard, it is.

0:12:34.160 --> 0:12:36.040
<v Speaker 3>It almost it almost hurts a little bit. There's been

0:12:36.080 --> 0:12:37.480
<v Speaker 3>times where stuff has come up and we've had to

0:12:37.559 --> 0:12:39.520
<v Speaker 3>like pull a big chunk from the savings and I

0:12:39.520 --> 0:12:42.000
<v Speaker 3>feel like I was physically in pain when I went

0:12:42.040 --> 0:12:44.400
<v Speaker 3>and pulled the money out, like it hurt me, and

0:12:44.440 --> 0:12:46.880
<v Speaker 3>I was like, maybe I shouldn't care this much, but

0:12:47.160 --> 0:12:48.439
<v Speaker 3>you know, it's just one of those things where it's

0:12:48.440 --> 0:12:51.080
<v Speaker 3>like this, it's like my example of my hard work.

0:12:51.160 --> 0:12:53.920
<v Speaker 3>Like I seeing that balance is like, look, we did that,

0:12:53.960 --> 0:12:56.160
<v Speaker 3>we made we made it. We made it to this point,

0:12:56.760 --> 0:12:58.199
<v Speaker 3>and it's hard. It's hard to give it up.

0:12:58.920 --> 0:13:01.600
<v Speaker 2>Yeah, that's how I felt anytime we've like we paid

0:13:01.600 --> 0:13:05.439
<v Speaker 2>off the last bit of our home renovation last summer

0:13:05.559 --> 0:13:08.160
<v Speaker 2>and it was like a twenty thousand dollars hit all

0:13:08.200 --> 0:13:12.080
<v Speaker 2>at once because we had finance something zero percent, and

0:13:12.320 --> 0:13:14.160
<v Speaker 2>which was great for the eighteen months we had at

0:13:14.240 --> 0:13:16.640
<v Speaker 2>zero percent, but then you had to the way the

0:13:16.679 --> 0:13:18.400
<v Speaker 2>low of course, the way the loan worked was that

0:13:18.440 --> 0:13:19.800
<v Speaker 2>you were never going to pay it off if you

0:13:20.000 --> 0:13:22.760
<v Speaker 2>just did the minimum payments until the end of the

0:13:22.840 --> 0:13:25.640
<v Speaker 2>eighteen months. And then of course they yeah, of course,

0:13:25.720 --> 0:13:28.680
<v Speaker 2>and they had the like deferred interest clause, which basically says,

0:13:28.960 --> 0:13:31.600
<v Speaker 2>if you leave even one penny left on this loan

0:13:31.720 --> 0:13:34.560
<v Speaker 2>after this promotional period's over, oh we're going to pretend

0:13:34.600 --> 0:13:37.040
<v Speaker 2>like you always paid interest on this huge loan and

0:13:37.040 --> 0:13:38.920
<v Speaker 2>we're going to attach it. We're going to add it

0:13:39.000 --> 0:13:41.520
<v Speaker 2>right on top of what's left. So we you know,

0:13:41.640 --> 0:13:44.960
<v Speaker 2>had that big kind of lump sum payment that went out,

0:13:45.000 --> 0:13:47.600
<v Speaker 2>and yeah, it's been but that's always been my excuse.

0:13:47.640 --> 0:13:49.920
<v Speaker 2>I'm always like, Okay, you know, we're going to get

0:13:49.920 --> 0:13:51.760
<v Speaker 2>this house. That's a big chunk for the down payment,

0:13:51.760 --> 0:13:53.760
<v Speaker 2>then the renovation. Okay, let's get that out of the way.

0:13:54.280 --> 0:13:59.600
<v Speaker 2>And then I literally just ran out of things and he's, yeah,

0:13:59.880 --> 0:14:03.959
<v Speaker 2>it's but I have to say, as painful as it

0:14:04.000 --> 0:14:07.520
<v Speaker 2>can be, at least it has brought him joy.

0:14:07.760 --> 0:14:07.960
<v Speaker 3>You know.

0:14:08.120 --> 0:14:10.240
<v Speaker 2>I think that's where I was really too stubborn a

0:14:10.280 --> 0:14:14.240
<v Speaker 2>little bit, was I And I apologie. I really did

0:14:14.240 --> 0:14:17.600
<v Speaker 2>apologize to him. I don't know, I just because for him,

0:14:17.600 --> 0:14:19.480
<v Speaker 2>and he really sat down and he's like, look, look,

0:14:20.000 --> 0:14:22.680
<v Speaker 2>it's almost as if you're saying what I value doesn't matter.

0:14:23.400 --> 0:14:27.880
<v Speaker 2>You know. What I value is amazing technology, safe travel.

0:14:28.440 --> 0:14:30.920
<v Speaker 2>You know, I want to be a part of you know,

0:14:31.040 --> 0:14:35.560
<v Speaker 2>clean technology, like this electric vehicle. He and he's an

0:14:35.600 --> 0:14:38.720
<v Speaker 2>expert in this car and the company. He's read the

0:14:38.800 --> 0:14:42.320
<v Speaker 2>damn book, you know on what's his face? The CEO

0:14:42.560 --> 0:14:46.600
<v Speaker 2>Elon Musk like he's read his memoir. He's he's all in.

0:14:46.640 --> 0:14:49.360
<v Speaker 2>You know, we even own Tesla stock, and he had

0:14:49.400 --> 0:14:52.200
<v Speaker 2>been saving this past year. He had an investment account

0:14:52.200 --> 0:14:54.080
<v Speaker 2>and then he also was putting aside money to save

0:14:54.480 --> 0:14:57.440
<v Speaker 2>for his Tesla. So and he's like, honestly, it's starting

0:14:57.480 --> 0:15:00.440
<v Speaker 2>to really get ridiculous the fact that you're not willing

0:15:00.480 --> 0:15:03.360
<v Speaker 2>to budge here. And but yeah, I was just so

0:15:03.400 --> 0:15:05.880
<v Speaker 2>single minded, and it feels good to just like get

0:15:05.920 --> 0:15:07.880
<v Speaker 2>over myself a little bit and have some damn fun

0:15:07.960 --> 0:15:11.400
<v Speaker 2>with the money that we've you know, work so hard for.

0:15:12.720 --> 0:15:14.760
<v Speaker 3>You know, it's one of those things where you kind

0:15:14.760 --> 0:15:16.440
<v Speaker 3>of can get the tunnel vision almost and you just

0:15:16.640 --> 0:15:20.240
<v Speaker 3>forget that there is some enjoyment that comes with and

0:15:20.440 --> 0:15:23.840
<v Speaker 3>enjoying the money that you worked hard to earn. Yeah,

0:15:23.880 --> 0:15:25.600
<v Speaker 3>and you kind of just I don't know, and especially

0:15:25.640 --> 0:15:27.400
<v Speaker 3>like I think too. For me, it was hard seeing

0:15:27.600 --> 0:15:31.160
<v Speaker 3>from my wife's point of view the things that she

0:15:31.360 --> 0:15:33.360
<v Speaker 3>values that sometimes you know, if it does cost money,

0:15:33.400 --> 0:15:36.680
<v Speaker 3>it's it's worth it because it's meaningful, it had, it

0:15:36.720 --> 0:15:39.680
<v Speaker 3>brings joy, It adds to your life, to her life,

0:15:39.720 --> 0:15:42.400
<v Speaker 3>having these things, and it's not just so, you know,

0:15:42.720 --> 0:15:44.200
<v Speaker 3>I just want to spend money. It's like, no, these

0:15:44.200 --> 0:15:46.800
<v Speaker 3>are things I value doing, and just because I don't

0:15:46.880 --> 0:15:48.920
<v Speaker 3>value them doesn't make them valuable to someone else. And

0:15:48.960 --> 0:15:50.880
<v Speaker 3>that's it's hard to it's kind of hard to repre

0:15:51.040 --> 0:15:51.760
<v Speaker 3>hit your head around that.

0:15:52.600 --> 0:15:54.440
<v Speaker 2>I mean, what's your guilty pleasure. Don't you have like

0:15:54.480 --> 0:15:57.840
<v Speaker 2>a tiny house addiction? I do kind of come home

0:15:57.880 --> 0:15:58.800
<v Speaker 2>with a tiny house.

0:15:58.560 --> 0:16:01.680
<v Speaker 3>One day, you know, if I could, if it wasn't

0:16:01.680 --> 0:16:03.400
<v Speaker 3>so hard at California, I might have bought one. At

0:16:03.400 --> 0:16:05.760
<v Speaker 3>this point, I would say, I don't. That's the thing.

0:16:05.760 --> 0:16:09.200
<v Speaker 3>I don't really buy too many things. But technology is

0:16:09.240 --> 0:16:13.200
<v Speaker 3>probably my weakness when it comes to like gadgets and

0:16:13.240 --> 0:16:17.320
<v Speaker 3>devices and computers and tablets and microphones things like that.

0:16:17.480 --> 0:16:19.160
<v Speaker 3>But I kind of can hide that behind the podcast.

0:16:19.240 --> 0:16:20.720
<v Speaker 3>I think that's how I convinced myself, well, I'm not

0:16:20.800 --> 0:16:26.000
<v Speaker 3>really spending Yeah, this is a business expense, right, that

0:16:26.080 --> 0:16:29.320
<v Speaker 3>is for sure. My weakness is like anything that connects

0:16:29.320 --> 0:16:32.720
<v Speaker 3>to the internet, I'm eyeing. Yeah.

0:16:33.040 --> 0:16:34.360
<v Speaker 2>I told him. I was like, I feel like a

0:16:34.400 --> 0:16:36.680
<v Speaker 2>real hypocrite when I start thinking about all the money

0:16:36.680 --> 0:16:40.640
<v Speaker 2>we spent on Broadway, and I mean the things that

0:16:40.760 --> 0:16:43.800
<v Speaker 2>I've enjoyed doing vacations and stuff and he's like, can

0:16:43.840 --> 0:16:46.360
<v Speaker 2>I have something? So we got and you know what,

0:16:46.480 --> 0:16:49.720
<v Speaker 2>the Tesla purchase, I have to say, was made possible

0:16:49.760 --> 0:16:52.760
<v Speaker 2>in part by this crazy, ridiculous economy that we have

0:16:52.880 --> 0:16:56.920
<v Speaker 2>right now that has somehow made used cars more valuable

0:16:56.920 --> 0:17:00.200
<v Speaker 2>than they were a year ago, which is insane. So

0:17:00.200 --> 0:17:03.480
<v Speaker 2>we actually, yeah, we ended up selling our We had

0:17:03.520 --> 0:17:08.840
<v Speaker 2>a twenty sixteen Mazda some CX five. I think we

0:17:09.240 --> 0:17:13.439
<v Speaker 2>ended up listing that on Facebook marketplace to sell it,

0:17:13.480 --> 0:17:16.520
<v Speaker 2>and kind of we weren't necessarily going to sell it,

0:17:16.600 --> 0:17:18.920
<v Speaker 2>but when we actually looked at what we could get

0:17:18.960 --> 0:17:21.160
<v Speaker 2>for it. I think Enrique, my husband, he had checked

0:17:21.200 --> 0:17:23.640
<v Speaker 2>a year ago and saw that the car was valued

0:17:23.680 --> 0:17:27.080
<v Speaker 2>at thirteen thousand dollars on the resale market today it's

0:17:27.200 --> 0:17:29.919
<v Speaker 2>valued us It was valued at sixteen thousand dollars, or

0:17:29.920 --> 0:17:31.000
<v Speaker 2>at least that's what we sold it for.

0:17:31.440 --> 0:17:32.359
<v Speaker 3>That makes no sense.

0:17:32.640 --> 0:17:36.560
<v Speaker 2>It's crat cray. We bought it for nineteen thousand, like

0:17:36.960 --> 0:17:39.520
<v Speaker 2>five years ago. You know, that's just not a thing

0:17:39.560 --> 0:17:42.800
<v Speaker 2>that cars do. I thought, so by selling it, we

0:17:42.880 --> 0:17:45.720
<v Speaker 2>definitely were able to eat away some of the cost

0:17:45.760 --> 0:17:48.560
<v Speaker 2>of upfront costs of the Tesla, and you know that

0:17:48.640 --> 0:17:51.160
<v Speaker 2>felt good. And kind of take advantage of this topsy

0:17:51.240 --> 0:17:53.520
<v Speaker 2>turvy economy right now.

0:17:54.240 --> 0:17:56.440
<v Speaker 3>Yeah, you know, funny enough. I had a friend yesterday.

0:17:56.440 --> 0:17:58.520
<v Speaker 3>I met it with him for the first time since

0:17:58.920 --> 0:18:02.200
<v Speaker 3>the pandemic started, and we were talking about the used

0:18:02.200 --> 0:18:04.040
<v Speaker 3>car market and I told him, yeah, my car. I

0:18:04.080 --> 0:18:06.679
<v Speaker 3>bought a used car. It was a twenty fourteen Hondai.

0:18:07.200 --> 0:18:10.359
<v Speaker 3>I bought it in twenty seventeen and I'm sorry, twenty nineteen.

0:18:10.400 --> 0:18:13.520
<v Speaker 3>I bought it and it all. I bought it for

0:18:13.560 --> 0:18:16.760
<v Speaker 3>twenty one thousand, and it's now worth nineteen thousand, five

0:18:16.840 --> 0:18:19.240
<v Speaker 3>hundred and I've had this star for three years. And

0:18:19.280 --> 0:18:20.840
<v Speaker 3>he's like, you just need to sell it. And I

0:18:20.920 --> 0:18:22.280
<v Speaker 3>was like, but then I got to buy another car.

0:18:22.600 --> 0:18:23.840
<v Speaker 2>You got to buy another car. Yep.

0:18:24.560 --> 0:18:26.520
<v Speaker 3>But really he was really pushing me. He's like, well,

0:18:26.560 --> 0:18:28.240
<v Speaker 3>just buy a new car. Then I was like, well, hey,

0:18:28.240 --> 0:18:30.080
<v Speaker 3>it's easy for you to make decisions with my money.

0:18:30.080 --> 0:18:33.520
<v Speaker 3>But I'm he's really getting into my head.

0:18:33.560 --> 0:18:33.679
<v Speaker 4>Now.

0:18:33.680 --> 0:18:35.200
<v Speaker 3>I'm like, well, I don't know, because I mean, I'm

0:18:35.240 --> 0:18:37.159
<v Speaker 3>not going to lie that I have not also been

0:18:37.200 --> 0:18:38.120
<v Speaker 3>looking at Teslas.

0:18:38.200 --> 0:18:41.040
<v Speaker 2>I mean, that's the thing. I mean, if this is

0:18:41.040 --> 0:18:43.760
<v Speaker 2>the rationale, and believe me, we were just at a

0:18:43.840 --> 0:18:46.960
<v Speaker 2>friend's house yesterday, and Enrique has now become that friend

0:18:46.960 --> 0:18:50.159
<v Speaker 2>at the cookout who had a really lucky set of

0:18:50.160 --> 0:18:52.879
<v Speaker 2>circumstances happened, and he's like ready to tell everybody to

0:18:52.920 --> 0:18:55.800
<v Speaker 2>follow in his footsteps. Listen, don't be that person at

0:18:55.800 --> 0:18:58.159
<v Speaker 2>the cookout. Not everybody like can do the things that

0:18:58.240 --> 0:19:01.320
<v Speaker 2>worked out specifically for you and situation. But he's like, yeah,

0:19:01.359 --> 0:19:03.560
<v Speaker 2>you should sell your car, you know, to our cousin.

0:19:03.680 --> 0:19:05.560
<v Speaker 2>Sell your car and then you can get enough something else.

0:19:05.600 --> 0:19:08.480
<v Speaker 2>But the other thing is like, do you own that

0:19:08.560 --> 0:19:10.600
<v Speaker 2>car outright or do you still have a loan on it?

0:19:11.040 --> 0:19:12.879
<v Speaker 3>That's the thing. It's completely paid off and it's been

0:19:12.920 --> 0:19:14.560
<v Speaker 3>paid off for a year now.

0:19:15.000 --> 0:19:17.400
<v Speaker 2>Oh yeah, well then see our car was paid off too,

0:19:17.480 --> 0:19:20.119
<v Speaker 2>and that's where that's really where you can get the value.

0:19:20.160 --> 0:19:21.639
<v Speaker 2>So if you have a lean on your car, so

0:19:21.680 --> 0:19:23.879
<v Speaker 2>if you own or sorry, if you owe anything on

0:19:23.920 --> 0:19:27.080
<v Speaker 2>a loan or you're still financing it, it's really tricky

0:19:27.119 --> 0:19:29.880
<v Speaker 2>to then try and sell that car. It's especially if

0:19:29.880 --> 0:19:32.280
<v Speaker 2>you do it yourself, like as a private seller. I

0:19:32.280 --> 0:19:34.600
<v Speaker 2>guess you have to like pay the loan back and

0:19:34.640 --> 0:19:37.440
<v Speaker 2>then get the title and then sell it to someone else.

0:19:37.640 --> 0:19:39.800
<v Speaker 2>But that's a you know, may not be something that

0:19:39.840 --> 0:19:44.000
<v Speaker 2>someone's willing to do. But for us, it really did

0:19:44.040 --> 0:19:45.639
<v Speaker 2>make sense to just go ahead and sell it. We

0:19:45.680 --> 0:19:48.280
<v Speaker 2>owned the title, owned it out right. We could have

0:19:48.480 --> 0:19:52.240
<v Speaker 2>traded it in. Tesla offered us fourteen thousand, but then

0:19:52.440 --> 0:19:54.760
<v Speaker 2>our financial planner was like, you know what, I really

0:19:54.800 --> 0:19:57.159
<v Speaker 2>think you guys should post it. I've sold all my

0:19:57.160 --> 0:19:59.840
<v Speaker 2>cars on Craigslist and I get way more. And sure

0:20:00.280 --> 0:20:04.400
<v Speaker 2>we got it sold within like ten hours for sixteen thousand.

0:20:05.000 --> 0:20:06.919
<v Speaker 3>That's that's amazing, And I mean it just goes to

0:20:06.920 --> 0:20:09.280
<v Speaker 3>show you too. Like these dealers, I mean, obviously they're

0:20:09.280 --> 0:20:11.040
<v Speaker 3>a business, so they're trying to get this car from

0:20:11.080 --> 0:20:13.320
<v Speaker 3>you as cheap as possible because they know how much

0:20:13.400 --> 0:20:13.920
<v Speaker 3>more it's worth.

0:20:14.480 --> 0:20:16.080
<v Speaker 2>You know who bought it from us, a used car

0:20:16.160 --> 0:20:19.600
<v Speaker 2>dealer really, so even he's planning to sell it for

0:20:19.640 --> 0:20:21.920
<v Speaker 2>more than that. I don't like, good good good luck,

0:20:21.960 --> 0:20:25.960
<v Speaker 2>my friend, good luck. But yeah, it's a it's a

0:20:25.960 --> 0:20:28.840
<v Speaker 2>Craig Kray world out there. So I guess for y'all,

0:20:29.480 --> 0:20:32.200
<v Speaker 2>I mean, how close are you to is your rationale? Like, Okay,

0:20:32.359 --> 0:20:34.040
<v Speaker 2>you know the car is worth a lot more now,

0:20:34.119 --> 0:20:36.080
<v Speaker 2>so if I do sell it I would have more

0:20:36.119 --> 0:20:39.359
<v Speaker 2>money in the bank for a nicer car, maybe a

0:20:39.400 --> 0:20:43.400
<v Speaker 2>new car. How you're feeling well?

0:20:43.440 --> 0:20:46.359
<v Speaker 3>How I before my friend bombarded me with this his

0:20:46.480 --> 0:20:49.520
<v Speaker 3>argument for why I should sell my car. My mind

0:20:49.640 --> 0:20:51.600
<v Speaker 3>was like, well, look, I don't have a car payment

0:20:51.640 --> 0:20:53.280
<v Speaker 3>right now, and I'm really liking this is the first

0:20:53.320 --> 0:20:55.080
<v Speaker 3>time in my life I've not had a car payment.

0:20:55.160 --> 0:20:56.840
<v Speaker 2>It's a good life, it is.

0:20:56.880 --> 0:20:58.439
<v Speaker 3>And I was like, it's just like, man, there's just

0:20:58.440 --> 0:21:01.960
<v Speaker 3>so much more money in my bank account. So I've

0:21:02.000 --> 0:21:04.840
<v Speaker 3>been like a hard set on. I'm never selling this car.

0:21:04.880 --> 0:21:06.960
<v Speaker 3>I'm only gonna sell it when it breaks down on

0:21:07.000 --> 0:21:08.240
<v Speaker 3>the side of the road and I can't get to

0:21:08.240 --> 0:21:12.199
<v Speaker 3>start it again. But he was making good arguments, So

0:21:12.240 --> 0:21:14.520
<v Speaker 3>that's the hard part. When your friends make arguments that

0:21:14.560 --> 0:21:17.680
<v Speaker 3>are actually legit about spending money. It kind of like

0:21:18.119 --> 0:21:20.399
<v Speaker 3>it started rattling my mind a little bit. So I

0:21:20.400 --> 0:21:22.240
<v Speaker 3>haven't made any decisions. I'm just trying to forget that

0:21:22.240 --> 0:21:24.879
<v Speaker 3>he talked to me about this, But it's in the

0:21:24.920 --> 0:21:26.359
<v Speaker 3>back of my mind. I'm thinking I may make a

0:21:26.359 --> 0:21:28.760
<v Speaker 3>spreadsheet and run some numbers.

0:21:29.000 --> 0:21:31.600
<v Speaker 2>Is it because rates are also really low right now?

0:21:32.280 --> 0:21:34.680
<v Speaker 3>Yeah, I mean, that's the thing he was finance it.

0:21:34.680 --> 0:21:37.840
<v Speaker 3>It would be so cheap to finance a difference right now,

0:21:38.040 --> 0:21:39.480
<v Speaker 3>and it wouldn't even be like I don't even feel

0:21:39.480 --> 0:21:40.199
<v Speaker 3>guilty about it.

0:21:41.600 --> 0:21:44.359
<v Speaker 2>But free money. Well, I mean, our rate was two

0:21:44.400 --> 0:21:48.520
<v Speaker 2>point four and we have near perfect credit. I really

0:21:48.560 --> 0:21:50.600
<v Speaker 2>wanted like a one point nine, but it just wasn't

0:21:50.680 --> 0:21:53.840
<v Speaker 2>going to happen. I think you can get those rates

0:21:53.840 --> 0:21:55.600
<v Speaker 2>as low if you look at credit unions and stuff.

0:21:55.600 --> 0:22:00.320
<v Speaker 2>But anyway, didn't happen for us. But yeah, that's kind

0:22:00.320 --> 0:22:02.760
<v Speaker 2>of did it for me too. I So now we

0:22:02.840 --> 0:22:05.800
<v Speaker 2>have a car note for the first time in five years,

0:22:05.800 --> 0:22:09.840
<v Speaker 2>and I don't love it. But but here's the thing,

0:22:09.920 --> 0:22:13.040
<v Speaker 2>chris By, not fine By. We could have paid cash

0:22:13.080 --> 0:22:14.879
<v Speaker 2>for the whole thing. That's the thing. My and my

0:22:14.960 --> 0:22:17.480
<v Speaker 2>planner was like, Mandy, you know what the right you

0:22:17.560 --> 0:22:20.720
<v Speaker 2>know what the rationale is right, you can invest that

0:22:20.880 --> 0:22:24.840
<v Speaker 2>money instead, and you're gonna make more than that little

0:22:24.880 --> 0:22:27.840
<v Speaker 2>two percent, most likely in an investment account. So I'm

0:22:27.880 --> 0:22:30.359
<v Speaker 2>trying to level up my I'm trying to go to

0:22:30.400 --> 0:22:34.280
<v Speaker 2>the next level. You know, there were certain like protective

0:22:34.640 --> 0:22:38.080
<v Speaker 2>strategies and mindsets that definitely got us where we are today,

0:22:38.160 --> 0:22:41.240
<v Speaker 2>but like for that next level wealth building. We gotta

0:22:41.320 --> 0:22:44.400
<v Speaker 2>think a little different. We gotta like think think rich.

0:22:44.480 --> 0:22:46.879
<v Speaker 2>Literally we meaning me and my husband. You know, you

0:22:46.920 --> 0:22:47.800
<v Speaker 2>do your thing, but.

0:22:48.680 --> 0:22:51.320
<v Speaker 3>No, you're right. You're right because it's one of those

0:22:51.320 --> 0:22:54.200
<v Speaker 3>things where it's hard to let yourself like you're thinking

0:22:54.240 --> 0:22:56.080
<v Speaker 3>kind of change. It feels like wrong, say look, I

0:22:56.080 --> 0:22:58.200
<v Speaker 3>did this, it worked. I just keep doing this forever.

0:22:58.680 --> 0:23:01.080
<v Speaker 3>But you can like this. Different stages to life is

0:23:01.119 --> 0:23:03.400
<v Speaker 3>if everyone's in a different position and something that worked

0:23:03.440 --> 0:23:05.520
<v Speaker 3>for you, you know, or work for me five years ago,

0:23:06.000 --> 0:23:07.960
<v Speaker 3>doesn't mean something different won't work now. It's like you know,

0:23:08.119 --> 0:23:11.679
<v Speaker 3>it's it's getting your mind open to changing and thinking

0:23:11.680 --> 0:23:14.679
<v Speaker 3>about different ways of building wealth and not just like

0:23:14.680 --> 0:23:16.719
<v Speaker 3>I don't I find myself being stuck in the oh,

0:23:16.720 --> 0:23:18.439
<v Speaker 3>I'm paying off debt mindset that I was in for

0:23:18.520 --> 0:23:20.960
<v Speaker 3>years and not in the Hey, now I want to

0:23:20.960 --> 0:23:23.400
<v Speaker 3>build wealth and really look for the future.

0:23:24.400 --> 0:23:26.600
<v Speaker 2>When you think about building wealth, what does that look

0:23:26.720 --> 0:23:28.720
<v Speaker 2>like for you?

0:23:28.720 --> 0:23:29.919
<v Speaker 3>You know? For me, I think the first thing that

0:23:29.960 --> 0:23:36.080
<v Speaker 3>always pops into my mind is freedom and having choice

0:23:36.160 --> 0:23:40.680
<v Speaker 3>and options. And I really like the idea of being

0:23:40.680 --> 0:23:42.720
<v Speaker 3>at a point where it's like if I want to

0:23:42.760 --> 0:23:45.320
<v Speaker 3>do something different, like career wise, because I don't know.

0:23:45.320 --> 0:23:46.840
<v Speaker 3>I don't necessarily want to get to a point like

0:23:47.000 --> 0:23:49.119
<v Speaker 3>where I'm younger and I'm not working at all, but

0:23:49.320 --> 0:23:51.600
<v Speaker 3>where I can just choose, you know what, this is

0:23:51.640 --> 0:23:54.720
<v Speaker 3>meaningful for me, this project, or working with this organization,

0:23:54.920 --> 0:23:59.320
<v Speaker 3>or just doing something completely different. It's okay because I'm

0:23:59.320 --> 0:24:01.960
<v Speaker 3>not bound by the need to have to have a

0:24:02.000 --> 0:24:04.800
<v Speaker 3>certain amount of money, because I've already accumulated enough wealth

0:24:04.840 --> 0:24:06.720
<v Speaker 3>to have those that freedom. And I think that's just

0:24:06.720 --> 0:24:10.679
<v Speaker 3>something really like powerful about saying, look, I have choices.

0:24:10.800 --> 0:24:12.560
<v Speaker 3>I can make this decision because I want to that

0:24:12.640 --> 0:24:14.879
<v Speaker 3>because I'm looking at my bank account and I got

0:24:15.000 --> 0:24:16.280
<v Speaker 3>obligation sitting there for me.

0:24:17.040 --> 0:24:19.560
<v Speaker 2>Yeah, I think for me it's also I mean, it's

0:24:19.560 --> 0:24:22.120
<v Speaker 2>definitely freedom. But I'm trying to be more specific now.

0:24:22.520 --> 0:24:25.000
<v Speaker 2>I think I've gotten to the point now where it's okay,

0:24:25.040 --> 0:24:27.720
<v Speaker 2>what's the number? You know, what is what's the new goal?

0:24:28.160 --> 0:24:30.199
<v Speaker 2>I was similar to you, you know, I'm well, now are

0:24:30.240 --> 0:24:32.959
<v Speaker 2>you a I consider myself now. I think we're supposed

0:24:33.000 --> 0:24:39.399
<v Speaker 2>to be like called geriatric millennials now here. I know

0:24:39.480 --> 0:24:41.960
<v Speaker 2>it's so terrible, but that's like the new thing older

0:24:42.000 --> 0:24:44.480
<v Speaker 2>millennials who've got you know, we got a little we've

0:24:44.480 --> 0:24:46.520
<v Speaker 2>paid off the student loan debt or it didn't really

0:24:46.560 --> 0:24:48.320
<v Speaker 2>have that much, and now we've got like kids and

0:24:48.359 --> 0:24:50.280
<v Speaker 2>a mortgage and all that kind of stuff, just old

0:24:50.320 --> 0:24:54.560
<v Speaker 2>fuddy dudy millennials. And for me, it's like, Okay, the

0:24:54.600 --> 0:24:58.000
<v Speaker 2>next step is, you know, maybe getting a lot more

0:24:58.040 --> 0:25:02.280
<v Speaker 2>specific and like and you know, the tried and true

0:25:02.359 --> 0:25:04.399
<v Speaker 2>rules of thumb that I abided by in the past,

0:25:04.680 --> 0:25:06.680
<v Speaker 2>I've got to come up with new rules. I got

0:25:06.680 --> 0:25:10.199
<v Speaker 2>to figure out how did the uber wealthy, how did

0:25:10.240 --> 0:25:13.119
<v Speaker 2>they operate? And I need to start being on that level.

0:25:13.160 --> 0:25:17.600
<v Speaker 2>And it's scary, but it's also kind of it's exciting.

0:25:17.640 --> 0:25:19.920
<v Speaker 2>And for me, you know, I don't have a ton

0:25:20.000 --> 0:25:23.040
<v Speaker 2>of I don't have any anyone in my family necessarily

0:25:23.080 --> 0:25:26.359
<v Speaker 2>to look to for tips. I do have a financial planner,

0:25:26.359 --> 0:25:28.639
<v Speaker 2>but I'm trying to find you know, maybe even like

0:25:28.680 --> 0:25:31.280
<v Speaker 2>different podcasts or different books I can start reading, just

0:25:31.280 --> 0:25:35.120
<v Speaker 2>to like literally think how the wealthy think. In my mind,

0:25:35.160 --> 0:25:37.359
<v Speaker 2>I was like, I want to I want to invest

0:25:37.400 --> 0:25:39.040
<v Speaker 2>till I have two million dollars and I want to

0:25:39.040 --> 0:25:41.760
<v Speaker 2>be there and you know the next five years. And

0:25:41.840 --> 0:25:44.840
<v Speaker 2>someone was like, why don't you make a million? Dollars

0:25:45.240 --> 0:25:47.600
<v Speaker 2>like in a weekend. If you learn to trade stocks,

0:25:47.600 --> 0:25:51.480
<v Speaker 2>and I'm like, I don't, it does not compute. I

0:25:51.480 --> 0:25:55.879
<v Speaker 2>don't want to. But people are doing it, so yeah,

0:25:55.920 --> 0:25:59.880
<v Speaker 2>it's it's exciting slash really really intimidating.

0:26:00.720 --> 0:26:02.760
<v Speaker 3>Yeah, it really is. And I think that's the hard

0:26:02.800 --> 0:26:06.560
<v Speaker 3>part right now too, is there's there's so many people

0:26:06.560 --> 0:26:08.600
<v Speaker 3>in the news making a bunch of money from all

0:26:08.680 --> 0:26:11.800
<v Speaker 3>these different things going on right now. Yeah, and it's

0:26:11.960 --> 0:26:14.600
<v Speaker 3>I don't know, it's very tempting. I'm what I'm finding

0:26:14.600 --> 0:26:16.479
<v Speaker 3>more and more about myself is I'm very risk averse.

0:26:16.520 --> 0:26:20.359
<v Speaker 3>I'm very like, hey, you know what, I would like

0:26:20.440 --> 0:26:23.320
<v Speaker 3>to do some things, but I'm not comfortable risking what

0:26:23.440 --> 0:26:26.040
<v Speaker 3>I've worked so hard to save up. And it's a

0:26:26.040 --> 0:26:27.720
<v Speaker 3>hard mindset shift for me to make it be like,

0:26:27.760 --> 0:26:29.679
<v Speaker 3>all right, you know what, maybe I should I have

0:26:29.760 --> 0:26:32.359
<v Speaker 3>my emergency fund, I'm investing for retirement. Maybe I should

0:26:32.400 --> 0:26:36.440
<v Speaker 3>look at other opportunities. But I'm always like, hey, I

0:26:36.560 --> 0:26:38.359
<v Speaker 3>this took a long time. Let me let me uh,

0:26:38.480 --> 0:26:40.160
<v Speaker 3>let me slow down on any of these other ideas

0:26:40.200 --> 0:26:41.040
<v Speaker 3>people are thrown at me.

0:26:41.680 --> 0:26:45.280
<v Speaker 2>Yeah, just exactly. You're like in the protect phase, which

0:26:45.320 --> 0:26:47.600
<v Speaker 2>is fine, you know, you want to protect what you've built.

0:26:48.280 --> 0:26:51.119
<v Speaker 2>But we'll see. I mean, you know, not too uh

0:26:51.200 --> 0:26:54.040
<v Speaker 2>not to pure preshy. But the Tesla does ride really

0:26:54.119 --> 0:26:59.199
<v Speaker 2>really nice to the Starbucks. But you know what, we

0:26:59.240 --> 0:27:01.080
<v Speaker 2>got caught in a huge traffic jam and I was like, well,

0:27:01.080 --> 0:27:03.360
<v Speaker 2>it's still gets stuck in traffic just like another car does.

0:27:03.440 --> 0:27:07.880
<v Speaker 2>So it doesn't have any magical like traffic avoiding properties

0:27:07.920 --> 0:27:09.199
<v Speaker 2>that would really be valuable to me.

0:27:09.560 --> 0:27:11.239
<v Speaker 3>I know. But then they can drive itself though, as

0:27:11.240 --> 0:27:13.200
<v Speaker 3>your husband like trying to talk about his plans to

0:27:13.200 --> 0:27:15.240
<v Speaker 3>take a nap while he's like commuting or anything like that.

0:27:15.800 --> 0:27:18.479
<v Speaker 2>No, I don't think that that's a feature we're going

0:27:18.520 --> 0:27:19.960
<v Speaker 2>to be turning on. I don't even know if but

0:27:20.480 --> 0:27:23.640
<v Speaker 2>I forgot about that. Can it drive itself? I don't know, Chris,

0:27:23.760 --> 0:27:26.800
<v Speaker 2>I just don't know. I had a hard time figuring

0:27:26.800 --> 0:27:29.000
<v Speaker 2>out how to turn the air conditioning on earlier, let

0:27:29.040 --> 0:27:35.240
<v Speaker 2>alone auto pilot. That's true, Baby steps, Baby steps. Well,

0:27:35.320 --> 0:27:37.080
<v Speaker 2>it's really fun to have you on the show. Why

0:27:37.080 --> 0:27:39.520
<v Speaker 2>don't we take a quick break and we'll be right

0:27:39.560 --> 0:28:17.320
<v Speaker 2>back to answer some of y'all's questions. All right, we

0:28:17.400 --> 0:28:19.760
<v Speaker 2>are back, and yes, I am joined by the one

0:28:19.760 --> 0:28:23.560
<v Speaker 2>and only Chris Browning, who is filling some very big

0:28:23.880 --> 0:28:26.240
<v Speaker 2>budget needs to shoes. How's it going, Chris? How are

0:28:26.240 --> 0:28:26.920
<v Speaker 2>you feeling so far?

0:28:27.480 --> 0:28:30.040
<v Speaker 3>I was fine, and now you made me nervous. Okay,

0:28:30.080 --> 0:28:31.800
<v Speaker 3>I'm just joking, joking.

0:28:31.880 --> 0:28:33.640
<v Speaker 2>Okay, I should have made you do the hey hey hey,

0:28:34.320 --> 0:28:37.320
<v Speaker 2>oh god. Well, we are here to answer your questions

0:28:37.400 --> 0:28:40.400
<v Speaker 2>and never fear even without Tiffany. Here, we have Chris

0:28:40.440 --> 0:28:43.240
<v Speaker 2>from the Popcorn Finance here to help me tackle y'all's

0:28:43.280 --> 0:28:46.920
<v Speaker 2>personal finance and career questions. Okay, so we've got some

0:28:46.960 --> 0:28:51.600
<v Speaker 2>excellent questions from IG. First one comes from listener Lachene

0:28:52.080 --> 0:28:55.200
<v Speaker 2>Lachine says, I just found your podcast after buying Tiffany's book,

0:28:55.200 --> 0:28:57.880
<v Speaker 2>and I'm obsessed in her book, which is I will

0:28:57.880 --> 0:29:00.560
<v Speaker 2>add here you guys called Get Good with My which

0:29:00.600 --> 0:29:02.920
<v Speaker 2>you can get I get Good with Money dot com.

0:29:02.960 --> 0:29:06.400
<v Speaker 2>It's an eight week national wait, eight week New York

0:29:06.400 --> 0:29:10.120
<v Speaker 2>Times bestseller. At this point, it's insane anyway, So Laschen

0:29:10.160 --> 0:29:12.600
<v Speaker 2>found us through her book. She says, in the book,

0:29:12.600 --> 0:29:15.840
<v Speaker 2>Tiffany talked about determining if you have a budgeting problem

0:29:15.960 --> 0:29:19.160
<v Speaker 2>or an income slash earning problem, and I think I

0:29:19.200 --> 0:29:21.680
<v Speaker 2>have an earning problem. When I wanted to get y'all's opinion,

0:29:22.240 --> 0:29:25.440
<v Speaker 2>I make fifty thousand dollars a year. After taxes and

0:29:25.560 --> 0:29:29.840
<v Speaker 2>insurance and my retirement retirement savings, I'm left with about

0:29:29.840 --> 0:29:33.520
<v Speaker 2>twenty nine hundred dollars per month. I can comfortably pay

0:29:33.560 --> 0:29:36.640
<v Speaker 2>my bills, save for travel, and add money to my IRA,

0:29:36.880 --> 0:29:39.880
<v Speaker 2>but that's about it. I want to save more, but

0:29:39.960 --> 0:29:42.680
<v Speaker 2>there's nowhere else in my budget. I feel like I

0:29:42.720 --> 0:29:46.040
<v Speaker 2>can slice and dice. What do you guys think? So

0:29:46.040 --> 0:29:48.440
<v Speaker 2>what's your take on like a budget versus an income problem?

0:29:48.520 --> 0:29:52.480
<v Speaker 3>Chris, This is a great question here, and I think

0:29:52.800 --> 0:29:55.520
<v Speaker 3>sometimes we do get trapped in they Okay, let's let's budget,

0:29:55.600 --> 0:29:57.720
<v Speaker 3>let's cut and let's save where we can. Which is

0:29:57.720 --> 0:30:00.720
<v Speaker 3>good to go through and evaluate your budgets where you're

0:30:00.760 --> 0:30:03.960
<v Speaker 3>maybe wasting money. But the only thing is you can

0:30:04.040 --> 0:30:06.600
<v Speaker 3>only cut so much. If you've already you got your

0:30:06.600 --> 0:30:09.320
<v Speaker 3>stuff under control, and you're really diligent with how you spend,

0:30:09.560 --> 0:30:11.160
<v Speaker 3>you're gonna get to a point where you just can't

0:30:11.320 --> 0:30:14.440
<v Speaker 3>cut anything else. And if you want to increase your

0:30:14.720 --> 0:30:17.080
<v Speaker 3>or increase the money available to invest and do other

0:30:17.120 --> 0:30:20.080
<v Speaker 3>things with, yeah, you have to make more, which is

0:30:19.840 --> 0:30:24.680
<v Speaker 3>it's much harder than cutting, but it's way more impactful

0:30:24.760 --> 0:30:25.440
<v Speaker 3>in the long run.

0:30:26.000 --> 0:30:28.280
<v Speaker 2>Yeah, I mean, if you guys need to hear it

0:30:28.320 --> 0:30:30.280
<v Speaker 2>here first. Although I'm pretty sure we've said it before,

0:30:30.680 --> 0:30:33.680
<v Speaker 2>you cannot budget your way to wealth building. You can't

0:30:33.680 --> 0:30:36.680
<v Speaker 2>do it. You cannot become rich by budgeting. You can

0:30:36.760 --> 0:30:39.640
<v Speaker 2>get part of the way there, certainly you can, and

0:30:39.680 --> 0:30:42.239
<v Speaker 2>it's certainly a good starting point. And I think at

0:30:42.920 --> 0:30:44.720
<v Speaker 2>most levels you should have at least an idea of

0:30:44.800 --> 0:30:47.120
<v Speaker 2>what's going in and what's going out and what's left over.

0:30:47.440 --> 0:30:50.360
<v Speaker 2>Budgeting is amazing, but it ain't going to get you there.

0:30:50.440 --> 0:30:53.280
<v Speaker 2>And I think I think it definitely sounds like if

0:30:53.320 --> 0:30:55.200
<v Speaker 2>you're to the point where you want to put more

0:30:55.240 --> 0:30:58.160
<v Speaker 2>money away and you just don't have it and you can't.

0:30:58.440 --> 0:31:00.440
<v Speaker 2>Literally you've looked at the budget and you're like, what

0:31:00.480 --> 0:31:03.160
<v Speaker 2>am I gonna do? Like live in my car? You can't.

0:31:03.320 --> 0:31:05.320
<v Speaker 2>You know, there's nothing else to slice and dice, like

0:31:05.360 --> 0:31:07.959
<v Speaker 2>you say, So it is time to start looking at

0:31:07.960 --> 0:31:11.240
<v Speaker 2>a couple different things. I am huge about the impact

0:31:11.800 --> 0:31:14.480
<v Speaker 2>your career. I'm very passionate about the impact that your

0:31:14.480 --> 0:31:18.040
<v Speaker 2>career choices can have in helping you accumulate wealth. And

0:31:18.080 --> 0:31:21.640
<v Speaker 2>I'm also huge on looking for additional income streams on

0:31:21.720 --> 0:31:24.120
<v Speaker 2>top of you know, outside of your nine to five

0:31:24.240 --> 0:31:26.640
<v Speaker 2>job or whatever work you happen to do, so that

0:31:26.680 --> 0:31:30.440
<v Speaker 2>you diversify the income streams that you have. After a

0:31:30.520 --> 0:31:32.840
<v Speaker 2>year like this, it certainly feels like a lot of

0:31:32.840 --> 0:31:37.560
<v Speaker 2>people were turning to side hobbies or side hustles as

0:31:37.600 --> 0:31:40.400
<v Speaker 2>they say, you know, you're starting their own businesses to

0:31:40.480 --> 0:31:42.600
<v Speaker 2>bring in extra money. Because it was a real kick

0:31:42.640 --> 0:31:45.480
<v Speaker 2>in the ass, you know, to realize how vulnerable we

0:31:45.560 --> 0:31:48.120
<v Speaker 2>all were, especially those of us who were tied to

0:31:48.120 --> 0:31:51.000
<v Speaker 2>a nine to five job that either you had layoffs

0:31:51.080 --> 0:31:53.160
<v Speaker 2>or cut back hours. I mean, it all felt very

0:31:53.240 --> 0:31:57.800
<v Speaker 2>like scary and a good reminder about the importance of

0:31:58.320 --> 0:32:01.240
<v Speaker 2>having those different income streams. So, I mean, Chris, both

0:32:01.240 --> 0:32:03.720
<v Speaker 2>and I. You and I both have podcasts. You know,

0:32:03.800 --> 0:32:05.240
<v Speaker 2>I don't think either of us is rolling in the

0:32:05.280 --> 0:32:09.480
<v Speaker 2>dough from the podcast life, but especially not that you're

0:32:09.480 --> 0:32:12.800
<v Speaker 2>getting all the upgraded equipment that it sounds like you're accumulating.

0:32:13.400 --> 0:32:16.120
<v Speaker 2>But you know, talk about like the podcast and what

0:32:16.160 --> 0:32:18.240
<v Speaker 2>other what do you what do you think about different

0:32:18.240 --> 0:32:20.600
<v Speaker 2>income streams and how someone could you know, bring in

0:32:20.680 --> 0:32:21.280
<v Speaker 2>extra wealth?

0:32:22.040 --> 0:32:24.320
<v Speaker 3>Uh yeah, I mean obviously I'm I'm a fan of

0:32:24.800 --> 0:32:27.400
<v Speaker 3>doing other things and building other streams of income and

0:32:27.480 --> 0:32:30.160
<v Speaker 3>businesses and just things you own on your own. Because one,

0:32:30.240 --> 0:32:32.400
<v Speaker 3>I just enjoy the process of making something and having

0:32:32.400 --> 0:32:34.600
<v Speaker 3>it something that I've created is just it's just a

0:32:34.600 --> 0:32:36.400
<v Speaker 3>cool experience. It just I don't know, it makes you

0:32:36.440 --> 0:32:38.360
<v Speaker 3>feel good, like, look, I've made this thing. I've put

0:32:38.360 --> 0:32:41.600
<v Speaker 3>my time and sweat into this, and it's here. So

0:32:41.840 --> 0:32:44.680
<v Speaker 3>I'm definitely for finding things that you're you're passionate about,

0:32:45.160 --> 0:32:47.440
<v Speaker 3>that you enjoy doing, that you see an opportunity to

0:32:47.520 --> 0:32:50.680
<v Speaker 3>have a viable business doing and pursuing those because, like

0:32:50.720 --> 0:32:53.320
<v Speaker 3>you said, you know, jobs are secure intil or not

0:32:53.640 --> 0:32:57.920
<v Speaker 3>until something happens where they need to move on from you.

0:32:57.920 --> 0:33:01.200
<v Speaker 3>You know, things could change overnight. But just like you,

0:33:01.880 --> 0:33:05.800
<v Speaker 3>I'm a huge fan of growing within your career. That

0:33:05.920 --> 0:33:07.680
<v Speaker 3>was one of the biggest things that helped us get

0:33:07.680 --> 0:33:09.920
<v Speaker 3>out of debt when my wife and I kind of

0:33:09.920 --> 0:33:13.120
<v Speaker 3>got serious about our finances. We had about twenty seven

0:33:13.120 --> 0:33:15.400
<v Speaker 3>thousand dollars in credit card debt and we were taking

0:33:15.400 --> 0:33:18.280
<v Speaker 3>home like forty five thousand dollars between the two of us,

0:33:18.880 --> 0:33:21.640
<v Speaker 3>which was not enough money and not especially not in

0:33:21.680 --> 0:33:22.400
<v Speaker 3>southern California.

0:33:22.440 --> 0:33:23.800
<v Speaker 2>It is not did you do that?

0:33:24.840 --> 0:33:28.000
<v Speaker 3>Wow? It was rough. We were living in a tiny house,

0:33:28.720 --> 0:33:34.040
<v Speaker 3>a very small studio for several years, and really we

0:33:34.480 --> 0:33:36.400
<v Speaker 3>cut our budget down to like nothing, like we were

0:33:36.400 --> 0:33:39.880
<v Speaker 3>not having any fun, Like nothing was getting spent that

0:33:39.920 --> 0:33:42.960
<v Speaker 3>didn't need to be spent, and it still was going

0:33:43.200 --> 0:33:46.640
<v Speaker 3>so slow. It was such a long journey. And so

0:33:47.000 --> 0:33:49.160
<v Speaker 3>for me, that's what I went and I left at Okay,

0:33:49.440 --> 0:33:51.560
<v Speaker 3>this is how much I'm making. I think at the time,

0:33:51.760 --> 0:33:53.760
<v Speaker 3>I've got how much I was making by myself, but

0:33:53.800 --> 0:33:56.280
<v Speaker 3>it wasn't. I clearly wasn't a lot. What do I

0:33:56.320 --> 0:33:58.200
<v Speaker 3>need to do? And so that's what I started saying,

0:33:58.240 --> 0:34:00.560
<v Speaker 3>All right, what professional organizations can I joined? I started

0:34:00.640 --> 0:34:03.960
<v Speaker 3>joining these different groups for bookkeepers, and I would go

0:34:04.080 --> 0:34:06.600
<v Speaker 3>to conferences and I would help organize the speakers, and

0:34:06.600 --> 0:34:08.839
<v Speaker 3>then I would meet other people from other places, and

0:34:09.480 --> 0:34:11.719
<v Speaker 3>I would find out about new openings and build up

0:34:11.719 --> 0:34:13.879
<v Speaker 3>my resumes. And when I applied for the next job,

0:34:13.960 --> 0:34:15.640
<v Speaker 3>it's like, oh, you did all of this, Like, oh yeah,

0:34:15.680 --> 0:34:17.400
<v Speaker 3>you know, you can kind of pump yourself up, and

0:34:17.480 --> 0:34:19.880
<v Speaker 3>so doing things like that it allowed me to increase

0:34:19.880 --> 0:34:22.040
<v Speaker 3>my income so much faster than if I would have

0:34:22.080 --> 0:34:24.360
<v Speaker 3>just stayed at my one job and hoped for a

0:34:24.480 --> 0:34:26.480
<v Speaker 3>nice raise, which wasn't going to gum.

0:34:26.600 --> 0:34:29.719
<v Speaker 2>What were you doing at the time. Your backgrounds in accounting.

0:34:29.840 --> 0:34:32.359
<v Speaker 3>Uh, yeah, like accounting and bookkeeping work. So at the time,

0:34:32.440 --> 0:34:34.880
<v Speaker 3>I was a payroll supervisor. I was running a perill

0:34:34.920 --> 0:34:38.320
<v Speaker 3>department at a school district actually, and.

0:34:39.040 --> 0:34:42.320
<v Speaker 2>You're managing paychecks and trying to get a bigger one Exactly.

0:34:42.760 --> 0:34:44.759
<v Speaker 3>I would see everyone who was making more money than

0:34:44.800 --> 0:34:46.239
<v Speaker 3>me and be like, all right, I need to do

0:34:46.280 --> 0:34:46.880
<v Speaker 3>something about this.

0:34:47.000 --> 0:34:48.080
<v Speaker 2>That's got to be really depressed.

0:34:51.600 --> 0:34:53.440
<v Speaker 3>You know, when you see some of those paychecks, you're like,

0:34:53.480 --> 0:34:55.359
<v Speaker 3>I don't know what these people are doing right now,

0:34:55.400 --> 0:34:57.600
<v Speaker 3>but I need to make some changes and get one

0:34:57.640 --> 0:35:00.000
<v Speaker 3>of these because it's way more than i'm keeping.

0:35:00.440 --> 0:35:02.279
<v Speaker 2>You know, it's bad if you're like jealous of a

0:35:02.560 --> 0:35:04.480
<v Speaker 2>like a I don't know what kind of school teachers

0:35:04.480 --> 0:35:07.960
<v Speaker 2>these were, but I'm feeling like a middle school math

0:35:08.000 --> 0:35:11.000
<v Speaker 2>teacher is making more. It's like, ooh, okay, it's time.

0:35:12.200 --> 0:35:13.879
<v Speaker 3>Yeah. I was like, because we're all no, teachers aren't

0:35:13.920 --> 0:35:16.120
<v Speaker 3>paid that well, and I was getting paid a lot

0:35:16.160 --> 0:35:17.720
<v Speaker 3>less than than the majority of teachers.

0:35:18.280 --> 0:35:21.880
<v Speaker 2>That's a crime. Yeah, I've I love that. You know,

0:35:22.000 --> 0:35:25.359
<v Speaker 2>I was recently celebrating with my husband because we've really

0:35:25.360 --> 0:35:28.560
<v Speaker 2>been focused on increasing our net worth and we did

0:35:28.600 --> 0:35:30.919
<v Speaker 2>the math with our planner and realized that we have

0:35:31.400 --> 0:35:34.080
<v Speaker 2>increased our net worth by tenfold in the last five years.

0:35:34.360 --> 0:35:34.760
<v Speaker 3>Wow.

0:35:34.760 --> 0:35:37.160
<v Speaker 2>And I was sitting down and we're gonna do I'm

0:35:37.160 --> 0:35:39.839
<v Speaker 2>gonna do a specific show about it. But as I

0:35:39.920 --> 0:35:42.319
<v Speaker 2>was sitting through and working through, you know, how did

0:35:42.320 --> 0:35:44.759
<v Speaker 2>we do this? I'll tell you one thing. It wasn't

0:35:44.760 --> 0:35:49.480
<v Speaker 2>by budgeting the most significant the biggest reasons. And I

0:35:49.719 --> 0:35:51.640
<v Speaker 2>part of me almost feels a little are used to

0:35:51.640 --> 0:35:57.120
<v Speaker 2>feel a little, not ashamed. But I think people want

0:35:57.120 --> 0:36:00.319
<v Speaker 2>to hear that we just pulled ourselves up by our

0:36:00.360 --> 0:36:04.160
<v Speaker 2>bootstraps and you know, we coopon clipped and we and

0:36:04.200 --> 0:36:07.280
<v Speaker 2>we we were good people and we just worked real hard.

0:36:07.280 --> 0:36:10.520
<v Speaker 2>They want to hear that kind of story. But the

0:36:10.600 --> 0:36:15.680
<v Speaker 2>truth is was that I was super ruthless with pursuing

0:36:16.160 --> 0:36:20.080
<v Speaker 2>new opportunities when two things were true. When I could

0:36:20.120 --> 0:36:24.000
<v Speaker 2>earn significantly more, and when I could challenge myself professionally.

0:36:24.040 --> 0:36:26.640
<v Speaker 2>So when I could when I was offered, when I

0:36:26.719 --> 0:36:28.440
<v Speaker 2>was offered I was in other jobs, and when I

0:36:28.480 --> 0:36:31.880
<v Speaker 2>was offered opportunities to move to a different company as

0:36:31.920 --> 0:36:36.200
<v Speaker 2>long as the opportunity was professionally rich, like I could

0:36:36.360 --> 0:36:38.520
<v Speaker 2>I was learning a new skill, I was getting to

0:36:38.560 --> 0:36:41.120
<v Speaker 2>try a new position or something like that, and it

0:36:41.160 --> 0:36:44.680
<v Speaker 2>came with additional income. I was definitely willing to take it.

0:36:44.719 --> 0:36:49.040
<v Speaker 2>And I was very risky with some of my career choices,

0:36:49.520 --> 0:36:52.200
<v Speaker 2>and they could have gone the other way entirely, you know,

0:36:52.280 --> 0:36:57.359
<v Speaker 2>without with risk comes rewards or you know, disaster. But

0:36:57.520 --> 0:37:00.000
<v Speaker 2>it was because of those choices I was able to negotiate,

0:37:00.520 --> 0:37:05.640
<v Speaker 2>you know, thirty percent fifty percent raises equity in companies

0:37:05.680 --> 0:37:08.320
<v Speaker 2>that I was joining, which opened me up to even

0:37:08.440 --> 0:37:12.960
<v Speaker 2>additional opportunities to build wealth as long as that stock

0:37:13.000 --> 0:37:15.360
<v Speaker 2>price in that company went up, which I was fortunate

0:37:15.480 --> 0:37:18.719
<v Speaker 2>enough to have that happen sometimes. So like, those are

0:37:18.760 --> 0:37:22.080
<v Speaker 2>the types of things that that I'm I'm ready to

0:37:22.120 --> 0:37:24.560
<v Speaker 2>just be honest about it because there's no shame in it.

0:37:24.600 --> 0:37:27.680
<v Speaker 2>In fact, I had to do it. I'm a black

0:37:27.719 --> 0:37:30.720
<v Speaker 2>woman in America, yo, Like, we don't make that much money.

0:37:30.840 --> 0:37:34.600
<v Speaker 2>We make sixty percent of what a white man earns.

0:37:34.640 --> 0:37:38.440
<v Speaker 2>So for me, I just always thought about when I

0:37:38.440 --> 0:37:41.040
<v Speaker 2>went into like a salary negotiation or when I was

0:37:41.080 --> 0:37:43.640
<v Speaker 2>approached by a competitor or a different company to come

0:37:43.680 --> 0:37:46.440
<v Speaker 2>work for them. I really looked at that as an opportunity.

0:37:46.520 --> 0:37:49.520
<v Speaker 2>It's often the best opportunity you can get to negotiate

0:37:49.560 --> 0:37:52.880
<v Speaker 2>a higher salary and staying at the same place for

0:37:52.920 --> 0:37:55.279
<v Speaker 2>a long time. It ain't it, y'all. It is not

0:37:55.440 --> 0:37:58.640
<v Speaker 2>it in terms of in terms of salary growth, especially

0:37:58.680 --> 0:38:01.160
<v Speaker 2>if you came in entry level. That is not the

0:38:01.200 --> 0:38:04.960
<v Speaker 2>way to increase your income unless I mean, you can

0:38:05.000 --> 0:38:06.560
<v Speaker 2>stay there if you love your job, But then you

0:38:06.640 --> 0:38:10.000
<v Speaker 2>got to start side hustling, you know, get a side

0:38:10.000 --> 0:38:12.920
<v Speaker 2>business or take a hobby and start bringing in cash,

0:38:13.200 --> 0:38:16.920
<v Speaker 2>you know, on top of your earnings. But loyalty does

0:38:17.040 --> 0:38:19.880
<v Speaker 2>not pay in corporate America. It doesn't. I am proof

0:38:19.920 --> 0:38:22.800
<v Speaker 2>of that. I really had to make those big, scary

0:38:22.880 --> 0:38:25.719
<v Speaker 2>leaps to get to where I am today, to get

0:38:25.760 --> 0:38:26.960
<v Speaker 2>those bigger paydays.

0:38:27.719 --> 0:38:30.640
<v Speaker 3>No, I mean, I love that so much because I've

0:38:30.719 --> 0:38:34.279
<v Speaker 3>seen it where in a situation no one I won't

0:38:34.320 --> 0:38:36.120
<v Speaker 3>name a place so no one could figure out what

0:38:36.120 --> 0:38:38.200
<v Speaker 3>I'm talking about, but that was a place.

0:38:38.400 --> 0:38:41.160
<v Speaker 2>Well, leave Chris alone, don't get in, don't get them

0:38:41.200 --> 0:38:41.920
<v Speaker 2>in trouble.

0:38:41.640 --> 0:38:43.560
<v Speaker 3>Don't get me in trouble. Please don't go research this place.

0:38:43.719 --> 0:38:45.759
<v Speaker 3>But I was working at this place. There's a woman there.

0:38:45.800 --> 0:38:48.399
<v Speaker 3>She was amazing at her job. She was amazing, and

0:38:48.520 --> 0:38:50.200
<v Speaker 3>she just wanted She didn't I didn't think she was

0:38:50.200 --> 0:38:52.240
<v Speaker 3>asking for a raise. She just wanted a better title

0:38:52.280 --> 0:38:55.720
<v Speaker 3>than what she had. And they're like, no, we can't

0:38:55.719 --> 0:38:58.040
<v Speaker 3>do that. I'm sorry if something so easy. They were like, no,

0:38:58.120 --> 0:39:00.600
<v Speaker 3>we can't do that. But but you're great. So she's like,

0:39:00.640 --> 0:39:02.160
<v Speaker 3>you know what, all right, I'm out here. So she left,

0:39:02.200 --> 0:39:03.920
<v Speaker 3>got a better job, got the title she wanted, and

0:39:04.000 --> 0:39:06.279
<v Speaker 3>got a pay raise. The person they brought in to

0:39:06.280 --> 0:39:09.360
<v Speaker 3>replace her, they gave the title that she wanted and

0:39:09.480 --> 0:39:11.640
<v Speaker 3>more money, and it was like they could have done

0:39:11.640 --> 0:39:13.640
<v Speaker 3>it all along, but it was just like, well, they

0:39:13.719 --> 0:39:16.040
<v Speaker 3>think we have you here, you're not going to leave,

0:39:16.360 --> 0:39:18.960
<v Speaker 3>so we're not going to do anything. And that's where

0:39:18.960 --> 0:39:20.560
<v Speaker 3>you like, I mean, I agree with you one hundred percent.

0:39:20.560 --> 0:39:22.239
<v Speaker 3>That's that's the only way you're going to make these

0:39:22.280 --> 0:39:25.719
<v Speaker 3>significant leaps sometimes is to define better opportunities outside of

0:39:25.760 --> 0:39:28.080
<v Speaker 3>where you are, because they have no incentive to make

0:39:28.120 --> 0:39:29.399
<v Speaker 3>your pay jump significantly.

0:39:30.160 --> 0:39:32.839
<v Speaker 2>And you may think that they're the nicest people. You

0:39:32.880 --> 0:39:35.160
<v Speaker 2>know they've come to your housewarming parties, they gave you

0:39:35.160 --> 0:39:37.080
<v Speaker 2>a nice little gift when you had a baby or

0:39:37.080 --> 0:39:39.960
<v Speaker 2>you got married. It does like they're not going. It

0:39:40.000 --> 0:39:42.239
<v Speaker 2>takes a lot of effort. I was that manager who

0:39:42.280 --> 0:39:45.120
<v Speaker 2>really fought for raises and promotions for my people when

0:39:45.120 --> 0:39:47.560
<v Speaker 2>I didn't have to, because I wanted to retain them.

0:39:48.200 --> 0:39:50.480
<v Speaker 2>I and there were plenty of people who just don't

0:39:50.480 --> 0:39:52.279
<v Speaker 2>do that because it takes a lot of time. It

0:39:52.440 --> 0:39:55.239
<v Speaker 2>takes effort. You got to like do your research, you

0:39:55.280 --> 0:39:57.560
<v Speaker 2>got a bat for people. It's just not in a

0:39:57.560 --> 0:40:00.279
<v Speaker 2>lot of people's best interests to go to bed for

0:40:00.320 --> 0:40:03.000
<v Speaker 2>folks that's work. So yeah, I love that example. I

0:40:03.000 --> 0:40:05.680
<v Speaker 2>mean I hate it, but it's a really good example

0:40:05.719 --> 0:40:10.240
<v Speaker 2>of what we're talking about here. Loyalty does not pay, y'all.

0:40:10.280 --> 0:40:12.680
<v Speaker 2>But I want to talk a bit about before we

0:40:12.719 --> 0:40:15.520
<v Speaker 2>get to the next question about starting a new business.

0:40:15.560 --> 0:40:17.600
<v Speaker 2>Like I literally I'm at a point where I just

0:40:17.600 --> 0:40:21.600
<v Speaker 2>started a new business. Hello guys, I'm I'm the CEO

0:40:22.239 --> 0:40:26.200
<v Speaker 2>and founder of Mandy Money Media, which is a independent

0:40:26.560 --> 0:40:30.759
<v Speaker 2>content consulting firm and editing and writing business. Yay, do

0:40:30.840 --> 0:40:33.799
<v Speaker 2>I get the dant thanks? You know, do my own

0:40:33.840 --> 0:40:37.319
<v Speaker 2>thing after a long well like a decade of experience,

0:40:37.360 --> 0:40:40.719
<v Speaker 2>I'm striking out on my own. And what's so fun

0:40:40.719 --> 0:40:43.760
<v Speaker 2>for me has been doing these things. Like I filed

0:40:43.800 --> 0:40:47.120
<v Speaker 2>for an LLC. It's shockingly easy to do this, y'all.

0:40:47.160 --> 0:40:49.240
<v Speaker 2>You just need a little bit of money and like Google,

0:40:49.280 --> 0:40:50.960
<v Speaker 2>Like you just had a Google. If you go to

0:40:51.000 --> 0:40:54.480
<v Speaker 2>your state's Department of Labor website or just google your

0:40:54.520 --> 0:40:58.520
<v Speaker 2>state LLC, it'll have a very easy to fill out form,

0:40:58.880 --> 0:41:02.040
<v Speaker 2>pick your name, give them your little coins. I had

0:41:02.080 --> 0:41:05.319
<v Speaker 2>it within minutes. I got approved and got my my

0:41:05.600 --> 0:41:08.320
<v Speaker 2>LLC established, and then it's what the I R S do?

0:41:08.480 --> 0:41:11.960
<v Speaker 2>Did you do this yet? We get a taxpayer or

0:41:12.080 --> 0:41:14.919
<v Speaker 2>an employee ID number through the i RS dot gov.

0:41:16.120 --> 0:41:17.680
<v Speaker 3>That's such an easy process. And then you don't have

0:41:17.680 --> 0:41:20.160
<v Speaker 3>to give people your Social sect number either. Yeah.

0:41:20.280 --> 0:41:21.759
<v Speaker 2>I mean I think I might have to like get it,

0:41:21.800 --> 0:41:24.560
<v Speaker 2>but yeah, it took. I was. I was shocked. It

0:41:24.600 --> 0:41:26.759
<v Speaker 2>was instantly, Oh here's your e I N. Here you go.

0:41:27.200 --> 0:41:28.680
<v Speaker 2>And once I had that e I N, what did

0:41:28.719 --> 0:41:30.480
<v Speaker 2>I do? I went and got a business bank account,

0:41:30.760 --> 0:41:33.000
<v Speaker 2>just did some Googles to find the best one. Although

0:41:33.000 --> 0:41:34.239
<v Speaker 2>I will say I don't know if you have a

0:41:34.239 --> 0:41:36.440
<v Speaker 2>business bank account or credit card yet, do you?

0:41:37.040 --> 0:41:38.680
<v Speaker 3>Uh, yeah, I do have the credit card. I've not

0:41:38.719 --> 0:41:40.680
<v Speaker 3>gone the banking route. I'm still I mean, I probably

0:41:40.680 --> 0:41:44.000
<v Speaker 3>shouldn't be saying this out loud, but yeah, maybe you

0:41:44.160 --> 0:41:46.359
<v Speaker 3>lesnings and personal accounts as business accounts right now.

0:41:46.840 --> 0:41:48.680
<v Speaker 2>You know that's cool. It depends on how you. I

0:41:48.960 --> 0:41:50.640
<v Speaker 2>did learn that, you know, when I was trying to

0:41:50.640 --> 0:41:53.000
<v Speaker 2>decide whether to do an LLC or work as a

0:41:53.000 --> 0:41:56.600
<v Speaker 2>sole proprietor. It's very different, like in terms of how

0:41:57.320 --> 0:42:01.080
<v Speaker 2>how you can commingle your personal versus professional expenses and

0:42:01.120 --> 0:42:03.560
<v Speaker 2>things like that. But definitely I got the all with

0:42:03.560 --> 0:42:05.600
<v Speaker 2>my CPA and he was like, LLC is the way

0:42:05.600 --> 0:42:08.480
<v Speaker 2>to go. So that's what I did. And yeah, but

0:42:08.600 --> 0:42:11.200
<v Speaker 2>the E I n it took seconds and the oh,

0:42:11.239 --> 0:42:12.960
<v Speaker 2>the business bank account. What I was going to say,

0:42:13.040 --> 0:42:17.040
<v Speaker 2>is I because that's I wanted. I'm gonna get paid soon, hopefully,

0:42:17.400 --> 0:42:20.759
<v Speaker 2>hopefully soon from clients. You know, I'm manifesting it like

0:42:20.800 --> 0:42:24.560
<v Speaker 2>my husband installing his Tesla charger five months before he

0:42:24.600 --> 0:42:27.600
<v Speaker 2>actually had a Tesla. I'm going to get this. I

0:42:27.640 --> 0:42:30.880
<v Speaker 2>got a bank account through a online bank, and it

0:42:30.960 --> 0:42:34.320
<v Speaker 2>was kind of hard to find a fee free business

0:42:34.320 --> 0:42:37.440
<v Speaker 2>bank account. Seems like a lot of them charge they

0:42:37.480 --> 0:42:40.719
<v Speaker 2>either have a minimum required balance, which I don't know

0:42:40.760 --> 0:42:42.319
<v Speaker 2>if I'm gonna make I'm gonna make money, but like

0:42:42.360 --> 0:42:44.799
<v Speaker 2>I can't, I can't commit right now that I'm going

0:42:44.840 --> 0:42:47.520
<v Speaker 2>to be making a certain amount. Yeah, so it took

0:42:47.560 --> 0:42:52.279
<v Speaker 2>a lot of comparing and contrasting, but I definitely I

0:42:52.320 --> 0:42:53.920
<v Speaker 2>was able to get one. And you have to have

0:42:54.040 --> 0:42:57.040
<v Speaker 2>your EI N in order to get one set up.

0:42:57.800 --> 0:43:00.799
<v Speaker 2>And then I got approved for a personal sorry, a

0:43:00.840 --> 0:43:04.480
<v Speaker 2>business credit card, which was exciting. So it's it. You

0:43:04.520 --> 0:43:06.719
<v Speaker 2>can do it. And look, I'm a business who you

0:43:06.719 --> 0:43:10.000
<v Speaker 2>can't tell me nothing. I'm a business owner, right, I

0:43:10.000 --> 0:43:13.480
<v Speaker 2>don't need a storefront. I'm doing it.

0:43:13.480 --> 0:43:15.480
<v Speaker 3>It's so different than what people thought of, like what

0:43:15.680 --> 0:43:17.160
<v Speaker 3>people I think we have a much different image in

0:43:17.160 --> 0:43:19.320
<v Speaker 3>our head of what it takes to be a business owner.

0:43:19.360 --> 0:43:21.800
<v Speaker 3>It's it's so it's such an easy process.

0:43:21.400 --> 0:43:24.560
<v Speaker 2>These days, it really is. So I hope that that

0:43:24.600 --> 0:43:28.160
<v Speaker 2>motivates y'all and inspires you to to look at you know,

0:43:28.200 --> 0:43:29.839
<v Speaker 2>if you if you're like me and you've been doing

0:43:29.840 --> 0:43:32.920
<v Speaker 2>something for a long time, you know, and you realize

0:43:32.960 --> 0:43:35.719
<v Speaker 2>you've got a certain set of skills that companies would

0:43:35.760 --> 0:43:39.799
<v Speaker 2>pay to take advantage of or leverage. You know. That's

0:43:39.840 --> 0:43:42.040
<v Speaker 2>a way of like, let's say I was still doing

0:43:42.080 --> 0:43:44.839
<v Speaker 2>my you know, had a nine to five job, I

0:43:44.920 --> 0:43:47.839
<v Speaker 2>could I could feasibly do this on the side and

0:43:47.960 --> 0:43:51.480
<v Speaker 2>just bring in some extra income. And that's the beginning

0:43:51.560 --> 0:43:55.160
<v Speaker 2>again to true wealth building. So I love that Tiffany

0:43:55.200 --> 0:43:57.799
<v Speaker 2>covered that in her book geck It with Lenney dot Com.

0:43:57.880 --> 0:44:00.000
<v Speaker 2>Y'all check out the book. I love that she covered

0:44:00.040 --> 0:44:02.160
<v Speaker 2>that in the book because it really is like it's

0:44:02.200 --> 0:44:05.279
<v Speaker 2>the next level from just basic budgeting, really focusing on

0:44:05.280 --> 0:44:05.800
<v Speaker 2>your income.

0:44:06.400 --> 0:44:08.640
<v Speaker 3>Yeah, it really is such a great idea. And you know,

0:44:08.680 --> 0:44:10.919
<v Speaker 3>what I've started to discover too, is that the bar

0:44:11.040 --> 0:44:13.880
<v Speaker 3>is actually very low for a lot of what people

0:44:13.920 --> 0:44:18.239
<v Speaker 3>consider good work. I'm very shocked for whatever it's right

0:44:19.440 --> 0:44:21.719
<v Speaker 3>in my mind, it's like people are like, if you're

0:44:21.760 --> 0:44:23.600
<v Speaker 3>going to do something for a company, it's like it

0:44:23.640 --> 0:44:25.839
<v Speaker 3>has to be the best thing that's ever been made.

0:44:26.040 --> 0:44:28.279
<v Speaker 3>But I've I've I'm not gonna again, I'm not going

0:44:28.360 --> 0:44:32.040
<v Speaker 3>to name any companies, but I've I've witnessed some some

0:44:32.080 --> 0:44:34.359
<v Speaker 3>businesses doing work that I'm like, that's all it took

0:44:34.440 --> 0:44:35.600
<v Speaker 3>for you to get paid? And well, I guess I

0:44:35.600 --> 0:44:38.200
<v Speaker 3>need to step it up and do some other things.

0:44:38.760 --> 0:44:41.880
<v Speaker 2>I know well in my career, I've employed people like myself,

0:44:41.920 --> 0:44:44.399
<v Speaker 2>and I'm like, I know exactly how much mediocrity there

0:44:44.440 --> 0:44:45.799
<v Speaker 2>is out there. I'm going to go out there and

0:44:45.840 --> 0:44:47.799
<v Speaker 2>be the best and it's not going to be that

0:44:47.920 --> 0:44:50.680
<v Speaker 2>hard because it's a lot of mediocreup. Okay, not to

0:44:50.680 --> 0:44:55.440
<v Speaker 2>shade anybody, but it's a really good point. It truly is.

0:44:55.719 --> 0:44:58.640
<v Speaker 2>And I yeah, I'm excited about this new journey. And

0:44:59.320 --> 0:45:02.239
<v Speaker 2>thank you Les for your question and for checking out

0:45:02.239 --> 0:45:06.160
<v Speaker 2>our podcast. I love that. Well, let's take one other question.

0:45:06.400 --> 0:45:12.080
<v Speaker 2>This one is a juicy one because as geriatric millennials, Chris.

0:45:11.640 --> 0:45:17.799
<v Speaker 4>I'm really not as as old asked millennials, like, life

0:45:17.840 --> 0:45:20.120
<v Speaker 4>insurance is like what we talk about at cookouts now right,

0:45:20.320 --> 0:45:21.040
<v Speaker 4>it's what you know.

0:45:21.320 --> 0:45:23.920
<v Speaker 2>Maybe at my cookouts we talk a little bit about

0:45:23.960 --> 0:45:26.799
<v Speaker 2>life insurance, but I don't know about you. But that's

0:45:26.800 --> 0:45:28.759
<v Speaker 2>what our next question is about. So let's get in

0:45:28.880 --> 0:45:31.920
<v Speaker 2>it all right. This one's from anonymous and they say,

0:45:32.040 --> 0:45:34.560
<v Speaker 2>my husband and I are getting ready to buy life insurance.

0:45:34.840 --> 0:45:37.360
<v Speaker 2>We have a three year old, a house, we have

0:45:37.440 --> 0:45:41.800
<v Speaker 2>good jobs, we're working on wealth and building our or

0:45:41.840 --> 0:45:45.839
<v Speaker 2>getting our life secure. Do you guys recommend whole or

0:45:45.960 --> 0:45:53.279
<v Speaker 2>term life insurance? Very sexy, interesting question, but an important one.

0:45:53.360 --> 0:45:58.640
<v Speaker 2>Let's talk about the difference between whole versus term life insurance, Chris,

0:45:58.640 --> 0:46:00.680
<v Speaker 2>anything you want to jump into.

0:46:01.600 --> 0:46:03.799
<v Speaker 3>Yeah, So term life is kind of like what it

0:46:03.800 --> 0:46:06.520
<v Speaker 3>sounds like. It's good for us set terms, So you

0:46:06.560 --> 0:46:09.400
<v Speaker 3>normally say how many years you'd like this policy to

0:46:09.400 --> 0:46:12.600
<v Speaker 3>be good for, so you know, ten, twenty plus years,

0:46:13.000 --> 0:46:15.919
<v Speaker 3>and you typically go with this to cover a period

0:46:15.960 --> 0:46:17.680
<v Speaker 3>of time where you're like, hey, if something were to happen,

0:46:18.280 --> 0:46:20.360
<v Speaker 3>we would definitely need some support for other people in

0:46:20.400 --> 0:46:23.320
<v Speaker 3>the family who I'm laying behind. Whereas whole life policy,

0:46:23.719 --> 0:46:26.120
<v Speaker 3>it's as long as you're still paying your premiums, it's

0:46:26.120 --> 0:46:27.360
<v Speaker 3>good for your whole life.

0:46:28.239 --> 0:46:30.200
<v Speaker 2>Yeah. And is that the kid where you can maybe

0:46:30.200 --> 0:46:32.359
<v Speaker 2>get some annuities later on where it kind of pays

0:46:32.400 --> 0:46:33.320
<v Speaker 2>you out in retirement.

0:46:33.840 --> 0:46:35.960
<v Speaker 3>Well, with the whole life policies, you can build up

0:46:36.040 --> 0:46:38.799
<v Speaker 3>like a cash balance almost in it as you put

0:46:38.840 --> 0:46:40.839
<v Speaker 3>more and more money into these policies. So there are

0:46:41.360 --> 0:46:44.560
<v Speaker 3>situations where you can pull money out of these policies

0:46:44.640 --> 0:46:46.840
<v Speaker 3>or pass them on, just depending on the type of

0:46:46.880 --> 0:46:48.160
<v Speaker 3>a whole life insurance you go.

0:46:48.120 --> 0:46:51.359
<v Speaker 2>With, gotcha? And this is big business for a lot

0:46:51.360 --> 0:46:54.480
<v Speaker 2>of financial planners out there, especially if you're working with

0:46:54.560 --> 0:46:58.000
<v Speaker 2>traditional financial advisors, because a lot of them are in

0:46:58.040 --> 0:47:01.839
<v Speaker 2>the business of literally selling insurance products to their customers.

0:47:02.160 --> 0:47:05.080
<v Speaker 2>And that's why it's important to vet your financial advisor.

0:47:05.120 --> 0:47:07.520
<v Speaker 2>I mean, no shade, I mean obviously, insurance is a

0:47:07.600 --> 0:47:09.960
<v Speaker 2>very important product. You want to you want your family

0:47:10.000 --> 0:47:12.720
<v Speaker 2>to be taken care of if you were to pass away.

0:47:13.120 --> 0:47:16.560
<v Speaker 2>That's literally what it's for. But because they can be

0:47:16.560 --> 0:47:20.360
<v Speaker 2>really lucrative, like like especially whole term whole insurance, like

0:47:20.440 --> 0:47:23.440
<v Speaker 2>Chris was talking about, Like you're talking about someone paying

0:47:23.440 --> 0:47:26.000
<v Speaker 2>you monthly for their entire life. So that's like a

0:47:26.440 --> 0:47:29.000
<v Speaker 2>especially if you're someone who works on commission. That's a

0:47:29.040 --> 0:47:31.840
<v Speaker 2>cash cow. Baby, that's a cash cow. So they, like

0:47:31.920 --> 0:47:34.839
<v Speaker 2>the financial planner is getting an annuity out of you,

0:47:34.840 --> 0:47:39.439
<v Speaker 2>you know, basically when you sign up for a whole insurance. Yeah,

0:47:40.080 --> 0:47:42.560
<v Speaker 2>and so you do have to think about that. Now,

0:47:42.840 --> 0:47:44.880
<v Speaker 2>do you have life insurance? Chris? Like, have you bought

0:47:45.239 --> 0:47:48.000
<v Speaker 2>a policy for you and your your wife outside of

0:47:48.040 --> 0:47:49.239
<v Speaker 2>what your work might offer you?

0:47:49.640 --> 0:47:52.440
<v Speaker 3>So, yeah, we have term life insurance, and I think

0:47:52.600 --> 0:47:55.919
<v Speaker 3>for the reason you mentioned that like whole life, there's

0:47:55.960 --> 0:47:59.080
<v Speaker 3>there's definitely circumstances where people could utilize that and it'd

0:47:59.080 --> 0:48:01.320
<v Speaker 3>be useful for or what they have going on. But

0:48:01.440 --> 0:48:05.279
<v Speaker 3>oftentimes those commissions are very nice for those whole whole

0:48:05.320 --> 0:48:07.640
<v Speaker 3>life policy That's why they often get pushed as an

0:48:07.640 --> 0:48:09.399
<v Speaker 3>alternative to you investing on your own.

0:48:10.360 --> 0:48:13.440
<v Speaker 2>Yeah. Absolutely, and that's for me. That was the deciding factor.

0:48:13.520 --> 0:48:16.320
<v Speaker 2>So I just had a baby too, So like our listener,

0:48:16.719 --> 0:48:18.560
<v Speaker 2>she has a young child three years old, my son's

0:48:18.600 --> 0:48:21.839
<v Speaker 2>eighteen months. When I finally had the baby, that's when

0:48:21.880 --> 0:48:24.000
<v Speaker 2>I was like, oh god, my life matters now. I mean,

0:48:24.040 --> 0:48:27.799
<v Speaker 2>of course it mattered before, but like my earning. You know,

0:48:27.840 --> 0:48:31.960
<v Speaker 2>my husband, he's gainfully employed, he's young, but my son,

0:48:32.040 --> 0:48:33.920
<v Speaker 2>you know that. Well, that was my wake up call

0:48:33.960 --> 0:48:36.680
<v Speaker 2>really to get my own policy. And also a colleague

0:48:36.719 --> 0:48:38.880
<v Speaker 2>of mine in the past had told me, you know,

0:48:39.040 --> 0:48:41.960
<v Speaker 2>you really ought to get your own life insurance policy

0:48:42.239 --> 0:48:44.520
<v Speaker 2>beyond what you're At the time, I was working for

0:48:44.560 --> 0:48:48.799
<v Speaker 2>an employer, and most employers provide free life insurance or

0:48:48.800 --> 0:48:50.719
<v Speaker 2>it's like a dollar or two dollars or something like that,

0:48:51.280 --> 0:48:54.280
<v Speaker 2>because it's not enough coverage to really last the life

0:48:54.360 --> 0:48:57.000
<v Speaker 2>of your child, and like, for example, I think in

0:48:57.040 --> 0:48:59.560
<v Speaker 2>the past, I've had life insurance through work that's like

0:48:59.600 --> 0:49:04.600
<v Speaker 2>two thousand dollars and maybe like some short term disability coverage.

0:49:04.640 --> 0:49:07.319
<v Speaker 2>But you know, I ended up getting a policy that

0:49:07.400 --> 0:49:10.160
<v Speaker 2>was valued at a million dollars and I came to

0:49:10.200 --> 0:49:12.759
<v Speaker 2>that at the time. It could have been higher. There's

0:49:12.800 --> 0:49:15.879
<v Speaker 2>a rule of thumb that says to ten x your

0:49:15.960 --> 0:49:19.719
<v Speaker 2>salary to get your your policy. But I think I

0:49:19.760 --> 0:49:22.719
<v Speaker 2>was earning like two hundred thousand at the time, so

0:49:23.280 --> 0:49:25.880
<v Speaker 2>two million dollars seemed like a lot of money. So

0:49:26.120 --> 0:49:28.479
<v Speaker 2>I was like, okay, let me just start with one,

0:49:29.120 --> 0:49:31.640
<v Speaker 2>see how that goes. But yeah, I ended up doing

0:49:31.960 --> 0:49:36.040
<v Speaker 2>a twenty I think a twenty five year term because

0:49:36.080 --> 0:49:39.920
<v Speaker 2>for me, it's not just about it is about, of course,

0:49:40.120 --> 0:49:44.080
<v Speaker 2>providing a financial windfall for your family so that they

0:49:44.080 --> 0:49:46.920
<v Speaker 2>can move on without you and still you know, maintain

0:49:46.960 --> 0:49:50.239
<v Speaker 2>the same quality of life. But it's also you know,

0:49:50.280 --> 0:49:53.319
<v Speaker 2>how likely am I to make it to my I'm

0:49:53.320 --> 0:49:56.000
<v Speaker 2>thirty three now, how likely am I to live till

0:49:56.360 --> 0:49:59.759
<v Speaker 2>I'm sixty, you know? Or how how much how long

0:49:59.800 --> 0:50:03.040
<v Speaker 2>do I I want them to be covered? Basically, and

0:50:03.080 --> 0:50:06.160
<v Speaker 2>I figure by the time I'm sixty, if I'm still around,

0:50:06.239 --> 0:50:08.640
<v Speaker 2>they'll the kids if I have more than one, they'll

0:50:08.680 --> 0:50:10.799
<v Speaker 2>be you know, adults, and they'll be able to take

0:50:10.840 --> 0:50:13.359
<v Speaker 2>care of themselves and by then I will have like

0:50:13.440 --> 0:50:17.520
<v Speaker 2>saved invested for their college expenses or whatnot. So I

0:50:17.560 --> 0:50:19.879
<v Speaker 2>felt very comfortable just doing the twenty five year term

0:50:20.920 --> 0:50:24.040
<v Speaker 2>for my life insurance for that, and then, like you said,

0:50:24.080 --> 0:50:27.399
<v Speaker 2>like you could do the whole life insurance and put

0:50:27.400 --> 0:50:29.360
<v Speaker 2>a bunch of money away and then have your cash balance.

0:50:29.400 --> 0:50:31.880
<v Speaker 2>But you could also just do that in a brokerage

0:50:31.920 --> 0:50:35.680
<v Speaker 2>account and put money away and potentially make even more

0:50:35.719 --> 0:50:37.880
<v Speaker 2>over time to create wealth for yourself.

0:50:38.480 --> 0:50:40.960
<v Speaker 3>Yeah, exactly. I wanted to ask you too, Like, so

0:50:41.160 --> 0:50:43.680
<v Speaker 3>for you and your husband, was that a difficult conversation

0:50:43.719 --> 0:50:45.360
<v Speaker 3>to have because I know people who do not like

0:50:45.480 --> 0:50:47.600
<v Speaker 3>talking about the possibility of dying, and so that's why

0:50:47.680 --> 0:50:50.200
<v Speaker 3>they never look into life insurance.

0:50:51.000 --> 0:50:53.520
<v Speaker 2>It really you really have to not think about what

0:50:53.560 --> 0:50:58.480
<v Speaker 2>you're doing. It's very depressing. And yes, and especially you know,

0:50:58.480 --> 0:51:01.160
<v Speaker 2>if I would do anything differently, I might have done

0:51:01.200 --> 0:51:03.760
<v Speaker 2>it before I had the baby, like while I was pregnant,

0:51:03.880 --> 0:51:06.759
<v Speaker 2>or even like a little bit before that, because I

0:51:06.800 --> 0:51:08.480
<v Speaker 2>do think you know, if you have a kid, of course,

0:51:08.520 --> 0:51:10.680
<v Speaker 2>it's very much worth it because you have the child,

0:51:10.800 --> 0:51:12.879
<v Speaker 2>like I said, And if you don't have a child,

0:51:12.960 --> 0:51:15.160
<v Speaker 2>then really it's about your spouse. Can they provide for

0:51:15.200 --> 0:51:18.239
<v Speaker 2>themselves without you, et cetera. But it was a very

0:51:18.239 --> 0:51:21.360
<v Speaker 2>emotional conversation. As soon as I had that baby and

0:51:21.400 --> 0:51:25.680
<v Speaker 2>my husband saw me as a mother, he became very

0:51:25.719 --> 0:51:29.319
<v Speaker 2>afraid of me dying. It was a weird and I

0:51:29.320 --> 0:51:32.439
<v Speaker 2>think and me too, I became as a new mom.

0:51:32.480 --> 0:51:35.279
<v Speaker 2>I was afraid of everybody dying. Like I was, like,

0:51:35.400 --> 0:51:37.640
<v Speaker 2>he could die, the baby could die. I could die.

0:51:37.640 --> 0:51:40.400
<v Speaker 2>And life is so fragile. Why are we doing it?

0:51:40.640 --> 0:51:43.840
<v Speaker 2>Like what have we done? There's so much to lose,

0:51:44.000 --> 0:51:46.520
<v Speaker 2>you know, it is really scary to think about it.

0:51:47.280 --> 0:51:51.040
<v Speaker 2>And yeah, it wasn't a fun conversation, but it was

0:51:51.080 --> 0:51:54.600
<v Speaker 2>a really easy process to just go compare some options.

0:51:55.120 --> 0:51:57.160
<v Speaker 2>You know, A very nice doctor person came to my

0:51:57.239 --> 0:52:00.359
<v Speaker 2>house because it was the pandemic at that point, did

0:52:00.360 --> 0:52:02.040
<v Speaker 2>a house called, did my blood and all that kind

0:52:02.080 --> 0:52:05.560
<v Speaker 2>of stuff, And it wasn't that if you just forget

0:52:05.600 --> 0:52:09.640
<v Speaker 2>about why you're doing it and pray that you you know,

0:52:09.840 --> 0:52:12.560
<v Speaker 2>just just just do it for peace of mind for

0:52:12.600 --> 0:52:14.400
<v Speaker 2>your children and then pray you never really have to

0:52:14.480 --> 0:52:16.839
<v Speaker 2>use it. It's like any insurance product, right, you hope

0:52:16.880 --> 0:52:19.279
<v Speaker 2>you don't have to use it, but you're grateful if

0:52:19.960 --> 0:52:20.880
<v Speaker 2>if becomes in handy.

0:52:21.480 --> 0:52:24.359
<v Speaker 3>Yeah, exactly. It's one of those things like I think

0:52:24.400 --> 0:52:25.840
<v Speaker 3>people avoid it because, like you said, you kind of

0:52:25.880 --> 0:52:28.200
<v Speaker 3>go into that spiral of thinking about what happens if

0:52:28.239 --> 0:52:30.600
<v Speaker 3>you or someone you care about is not here anymore. Yeah,

0:52:30.640 --> 0:52:32.080
<v Speaker 3>but it's kind of like it's like it's almost one

0:52:32.080 --> 0:52:33.920
<v Speaker 3>of the nicest things you can do for the people

0:52:34.160 --> 0:52:36.000
<v Speaker 3>in your life. Yes, who are part of your family.

0:52:36.000 --> 0:52:39.000
<v Speaker 3>You're gonna end up who so I help support. It's like, look,

0:52:39.200 --> 0:52:40.840
<v Speaker 3>I don't want them to be, you know, on the

0:52:40.840 --> 0:52:43.000
<v Speaker 3>street because I'm not here anymore, and everything got too

0:52:43.000 --> 0:52:46.319
<v Speaker 3>expensive and overwhelming for them. So I almost had to

0:52:46.320 --> 0:52:48.359
<v Speaker 3>reframe it so that way I didn't so you don't

0:52:48.400 --> 0:52:49.359
<v Speaker 3>get stressed out about it.

0:52:49.440 --> 0:52:52.040
<v Speaker 2>Yeah, and then you I feel like it's always a

0:52:52.040 --> 0:52:54.239
<v Speaker 2>plot point in movies, like where someone gets killed for

0:52:54.280 --> 0:52:57.800
<v Speaker 2>your life insurance policy. So it's never exactly like the

0:52:58.320 --> 0:53:02.000
<v Speaker 2>happy go lucky kind of topic to get brought up.

0:53:02.040 --> 0:53:06.760
<v Speaker 2>But think about how once the grief, of course, everyone's

0:53:06.800 --> 0:53:08.960
<v Speaker 2>going to miss you, and they'll never you know, my

0:53:09.040 --> 0:53:11.480
<v Speaker 2>husband will never find anyone like me. I'll haunt him

0:53:11.520 --> 0:53:15.040
<v Speaker 2>for life if he even tries. But at least he'll

0:53:15.080 --> 0:53:17.759
<v Speaker 2>be able to provide, you know, a good life for

0:53:17.840 --> 0:53:21.640
<v Speaker 2>our kid and my dog. And we had a guest

0:53:21.719 --> 0:53:24.120
<v Speaker 2>on there's a really good episode of Brown Ambition. Maybe

0:53:24.120 --> 0:53:26.319
<v Speaker 2>we can find the link to it where we had

0:53:26.440 --> 0:53:29.400
<v Speaker 2>a life insurance expert on and I'm like, forgetting on

0:53:29.440 --> 0:53:31.759
<v Speaker 2>her name, damn it, what's her name? Anyway, she came

0:53:31.800 --> 0:53:33.919
<v Speaker 2>on and one of her points was, especially for black

0:53:33.960 --> 0:53:37.360
<v Speaker 2>and brown communities, even if you don't have children, consider

0:53:37.440 --> 0:53:41.720
<v Speaker 2>getting a policy because you can make a nonprofit your beneficiary.

0:53:42.160 --> 0:53:45.440
<v Speaker 2>And this is another way of potentially passing down wealth

0:53:46.000 --> 0:53:49.319
<v Speaker 2>in communities that don't have a lot of you know,

0:53:49.400 --> 0:53:52.640
<v Speaker 2>wealthy benefactors for example. So you know, even if you're

0:53:52.640 --> 0:53:55.200
<v Speaker 2>single and you don't have any children, take a life

0:53:55.280 --> 0:53:57.960
<v Speaker 2>an insurance policy out term life insurance. It's really not

0:53:58.280 --> 0:54:02.160
<v Speaker 2>that terribly expensive, especially if you're younger, and look at

0:54:02.160 --> 0:54:04.920
<v Speaker 2>it as a way of passing on wealth, you know,

0:54:05.040 --> 0:54:08.359
<v Speaker 2>to a good cause if you were to pass away.

0:54:08.360 --> 0:54:10.640
<v Speaker 2>I thought that was a really interesting point that she made.

0:54:11.080 --> 0:54:13.200
<v Speaker 3>That is such a great idea that never even crossed

0:54:13.200 --> 0:54:16.080
<v Speaker 3>my mind either. That would be such a great way

0:54:16.120 --> 0:54:17.279
<v Speaker 3>to help out a cause, like if there's no one

0:54:17.280 --> 0:54:19.399
<v Speaker 3>you need to worry about supporting after you leave. I mean,

0:54:19.840 --> 0:54:22.160
<v Speaker 3>that'd be a great way to help out an organization

0:54:22.200 --> 0:54:22.600
<v Speaker 3>you care.

0:54:22.440 --> 0:54:25.120
<v Speaker 2>About, or just like get one of those cool benches.

0:54:25.160 --> 0:54:27.360
<v Speaker 2>I've always wondered, like how do people get those benches

0:54:27.400 --> 0:54:28.240
<v Speaker 2>in Central Park?

0:54:28.680 --> 0:54:30.680
<v Speaker 3>You know, I'm always looking like these donors are, like

0:54:30.760 --> 0:54:32.880
<v Speaker 3>who are these people who are donating these money and

0:54:32.920 --> 0:54:34.759
<v Speaker 3>getting their names on stuff? Like what's going on?

0:54:34.800 --> 0:54:39.799
<v Speaker 4>What's this process they did?

0:54:39.880 --> 0:54:44.080
<v Speaker 2>That's all you need to know. They had some money

0:54:44.080 --> 0:54:47.279
<v Speaker 2>and they died. That's what happened. Chris, all right, Well

0:54:47.320 --> 0:54:49.799
<v Speaker 2>that was fun. See you're doing it. You're doing it.

0:54:50.160 --> 0:54:52.160
<v Speaker 2>I'm talking more to myself than to you. I'm the

0:54:52.160 --> 0:54:54.080
<v Speaker 2>one who's like, Tiffany, what am I going to do

0:54:54.120 --> 0:54:56.359
<v Speaker 2>without her? But so far, so good.

0:54:57.320 --> 0:55:00.960
<v Speaker 3>I'm definitely not trying to Tiffany and live up to

0:55:00.960 --> 0:55:03.120
<v Speaker 3>those standards because she's She's ma and I won't get

0:55:03.120 --> 0:55:05.000
<v Speaker 3>into it, but she's an amazing speaker. I always love

0:55:05.160 --> 0:55:07.160
<v Speaker 3>both of you. Are I love listening to both of you?

0:55:07.719 --> 0:55:10.680
<v Speaker 2>Oh? Thank you? Well, it's been really wonderful having you on.

0:55:10.760 --> 0:55:13.239
<v Speaker 2>But you're not off the hook yet, my friend, my

0:55:13.320 --> 0:55:17.160
<v Speaker 2>new financial friend, because we have to do our favorite segment,

0:55:17.280 --> 0:55:43.959
<v Speaker 2>second favorite segment after questions, brown boost and brown break.

0:55:53.239 --> 0:55:55.240
<v Speaker 2>I'm not doing any of the musical things that Tiffany

0:55:55.280 --> 0:55:57.160
<v Speaker 2>usually does either. I'm sorry, y'all. What does she usually

0:55:57.160 --> 0:56:00.279
<v Speaker 2>do for brown boost? Brown Boost, brown break, brown boo ooh,

0:56:00.640 --> 0:56:03.600
<v Speaker 2>star break? What you're gonna do? She always puts it

0:56:03.640 --> 0:56:06.560
<v Speaker 2>on me. Whatever she's singing, it always has to rhyme

0:56:06.560 --> 0:56:08.120
<v Speaker 2>with Mandy, so that I'm the one who has to

0:56:08.160 --> 0:56:12.920
<v Speaker 2>go first, which is fair. I will go first. Do

0:56:12.960 --> 0:56:16.240
<v Speaker 2>you need me to revisit the rules of brown boost

0:56:16.440 --> 0:56:17.280
<v Speaker 2>or brown breaking?

0:56:17.360 --> 0:56:19.520
<v Speaker 3>Chris? Uh, yeah, that'd be good.

0:56:19.840 --> 0:56:22.880
<v Speaker 2>Okay, So brown boost, it's really an important choice. Okay,

0:56:22.960 --> 0:56:24.399
<v Speaker 2>It's either like, do we want to leave the show

0:56:24.400 --> 0:56:25.920
<v Speaker 2>in a high note or do we want to leave

0:56:25.960 --> 0:56:28.080
<v Speaker 2>the show on a funny slash kind of a down note.

0:56:28.200 --> 0:56:30.200
<v Speaker 2>So a brown boost we're talking about something that we're

0:56:30.239 --> 0:56:33.120
<v Speaker 2>excited about that's positive in our lives or careers or

0:56:33.160 --> 0:56:36.359
<v Speaker 2>finances or whatnot. And then a brown break is something

0:56:36.360 --> 0:56:39.840
<v Speaker 2>that's really been getting us down financially, career wise, personally,

0:56:40.160 --> 0:56:43.600
<v Speaker 2>we just want to call out because sometimes it feels

0:56:43.640 --> 0:56:45.719
<v Speaker 2>good to put a name to something that's bothering you,

0:56:45.840 --> 0:56:48.440
<v Speaker 2>and other people tend to relate to it. So that

0:56:48.600 --> 0:56:53.000
<v Speaker 2>is the choice which one of those speaking to you

0:56:53.080 --> 0:56:54.240
<v Speaker 2>at this particular time.

0:56:55.160 --> 0:56:56.480
<v Speaker 3>I mean, I didn't want to put end it on

0:56:56.480 --> 0:56:58.279
<v Speaker 3>a negative note. I can make it less negative, but yeah,

0:56:58.320 --> 0:56:59.759
<v Speaker 3>I think I'll go with a brown break, because that's

0:57:00.280 --> 0:57:06.040
<v Speaker 3>what's bothering me here at these people investment options, investment.

0:57:06.040 --> 0:57:07.879
<v Speaker 2>Okay, so we're both going to do a break, y'all. Okay,

0:57:07.920 --> 0:57:10.439
<v Speaker 2>so get ready. It's a double breaker. We don't often

0:57:10.480 --> 0:57:11.840
<v Speaker 2>have a back to back break, so this is going

0:57:11.920 --> 0:57:13.840
<v Speaker 2>to be It's gonna be fun, all right, Chris, do

0:57:13.840 --> 0:57:14.600
<v Speaker 2>you want to go first?

0:57:15.400 --> 0:57:15.600
<v Speaker 1>Yeah?

0:57:15.600 --> 0:57:18.120
<v Speaker 3>All right, I can hop in here. Okay. So my

0:57:18.200 --> 0:57:21.400
<v Speaker 3>brown break is I've been I've been getting more messages

0:57:21.440 --> 0:57:26.160
<v Speaker 3>than I care to receive from friends who are who

0:57:26.240 --> 0:57:29.720
<v Speaker 3>are investing in all kinds of things in AMC, in

0:57:29.840 --> 0:57:33.200
<v Speaker 3>cryptocurrencies and all this stuff, and it's just like, look

0:57:33.240 --> 0:57:34.800
<v Speaker 3>at how much money I made, and you sure you

0:57:34.800 --> 0:57:36.880
<v Speaker 3>don't want to get in on this, and I'm like, no,

0:57:36.920 --> 0:57:40.360
<v Speaker 3>I don't. I really don't want to do this. I

0:57:40.400 --> 0:57:42.480
<v Speaker 3>try not to be mean when I get the messages

0:57:42.520 --> 0:57:44.680
<v Speaker 3>and tell them to stop sending these things to me.

0:57:45.320 --> 0:57:48.480
<v Speaker 3>But I'm more so nervous for the other people in

0:57:48.560 --> 0:57:51.000
<v Speaker 3>the group chats because I can be like whatever, I

0:57:51.040 --> 0:57:52.600
<v Speaker 3>just ignore it and kill about my day. But I'm like,

0:57:53.640 --> 0:57:55.080
<v Speaker 3>I can see how some other friends are like, well,

0:57:55.080 --> 0:57:56.760
<v Speaker 3>maybe I need to go and pull some money out

0:57:56.760 --> 0:57:58.880
<v Speaker 3>of my retirement account. I hop in on this this

0:57:58.960 --> 0:58:00.880
<v Speaker 3>AMC thing, and I'm like, please don't.

0:58:00.680 --> 0:58:02.680
<v Speaker 2>Do that, Oh God, out of your fourm okay, no.

0:58:03.160 --> 0:58:05.040
<v Speaker 3>Like, please don't do that. And I'm like, that's the

0:58:05.040 --> 0:58:06.840
<v Speaker 3>thing that people get caught up in the hype of

0:58:06.880 --> 0:58:08.640
<v Speaker 3>all of this, and it can lead to some people

0:58:08.720 --> 0:58:11.440
<v Speaker 3>making really quick bad decisions. And so that's why, that's

0:58:11.480 --> 0:58:14.360
<v Speaker 3>why that's what I'm choosing for today.

0:58:15.400 --> 0:58:18.080
<v Speaker 2>Oh God, Yeah, I feel you. And especially I remember

0:58:18.120 --> 0:58:22.200
<v Speaker 2>the story of my dad. My dad drives a he

0:58:22.280 --> 0:58:26.200
<v Speaker 2>drives for the public transit service in Atlanta called Marta,

0:58:26.680 --> 0:58:30.080
<v Speaker 2>and one day he's like, Mandy, one of my pastors

0:58:30.160 --> 0:58:32.760
<v Speaker 2>was telling me about penny stocks he lives. He used

0:58:32.800 --> 0:58:34.720
<v Speaker 2>to be a stockbroker in New York, and he's like,

0:58:34.760 --> 0:58:36.400
<v Speaker 2>you need to get all these penny stocks because they're

0:58:36.400 --> 0:58:39.440
<v Speaker 2>worth pennies today, but they can be worth millions tomorrow.

0:58:39.640 --> 0:58:42.640
<v Speaker 2>And I said, Dad, you're going to take advice from

0:58:42.880 --> 0:58:45.200
<v Speaker 2>a very nice man. But he used to be a

0:58:45.200 --> 0:58:48.480
<v Speaker 2>stockbroker and now he's riding your bus. And that's the

0:58:48.560 --> 0:58:53.280
<v Speaker 2>man that you want that you're trying to become. No no,

0:58:53.280 --> 0:58:56.640
<v Speaker 2>no no no no no no no. But if it's

0:58:56.680 --> 0:59:00.360
<v Speaker 2>not something on the bus, it's like the guys the now.

0:59:00.560 --> 0:59:02.680
<v Speaker 2>I keep using the cookout analogy, but really it is

0:59:02.720 --> 0:59:09.120
<v Speaker 2>the group text now group text or Facebook groups, investing clubs, Twitter,

0:59:09.560 --> 0:59:14.200
<v Speaker 2>you know, like elon, musk tweets and bitcoin tanks or

0:59:14.400 --> 0:59:18.040
<v Speaker 2>sores whatever, like people, it's just so crazy out there

0:59:18.120 --> 0:59:22.040
<v Speaker 2>right now. I don't know how listen. I don't feel

0:59:22.080 --> 0:59:26.080
<v Speaker 2>like I would take investment advice from friends either, But

0:59:26.120 --> 0:59:30.200
<v Speaker 2>what would get you to maybe like listen to a

0:59:30.240 --> 0:59:32.920
<v Speaker 2>stock pick from one of those group texts, or has

0:59:32.960 --> 0:59:34.520
<v Speaker 2>any of them ever worked out for you.

0:59:35.320 --> 0:59:38.520
<v Speaker 3>From a group text? I don't know if there's anything

0:59:38.720 --> 0:59:40.240
<v Speaker 3>that any of my friends could do to make me

0:59:41.360 --> 0:59:44.080
<v Speaker 3>take one of their pieces of advice. The text message.

0:59:44.240 --> 0:59:46.040
<v Speaker 3>You know, this is probably like a trust issues. So

0:59:46.200 --> 0:59:48.440
<v Speaker 3>I had a friend who he was really into, like

0:59:48.840 --> 0:59:51.400
<v Speaker 3>buying and selling shoes when we were younger. He was

0:59:51.440 --> 0:59:53.280
<v Speaker 3>a sneaker head, so he would buy you buy shoes.

0:59:53.280 --> 0:59:55.560
<v Speaker 3>He would go to these releases and he's like, hey, Chris,

0:59:55.600 --> 0:59:57.160
<v Speaker 3>you got to do this, man, I'm making so much

0:59:57.200 --> 0:59:59.040
<v Speaker 3>money doing this. And I was like, okay, let me

0:59:59.080 --> 1:00:01.440
<v Speaker 3>do this. I went with them and I bought these shoes.

1:00:01.480 --> 1:00:06.000
<v Speaker 3>I remember there were these Sinko de Mayo nikes that

1:00:06.080 --> 1:00:07.720
<v Speaker 3>had the Mexican flag on the side.

1:00:07.840 --> 1:00:11.120
<v Speaker 4>Okay, it's very specific.

1:00:11.360 --> 1:00:12.920
<v Speaker 3>He's like, you get this, man, you're gonna be able

1:00:12.920 --> 1:00:15.440
<v Speaker 3>to flip this. I was like, great, long story short,

1:00:15.680 --> 1:00:16.880
<v Speaker 3>I did not make any money.

1:00:18.280 --> 1:00:20.840
<v Speaker 2>You didn't make any money off for Sinkle the Myo sneakers.

1:00:21.000 --> 1:00:24.840
<v Speaker 3>No, I did not. And I think ever since then,

1:00:24.880 --> 1:00:28.400
<v Speaker 3>I've had trust issues with people giving me random advice

1:00:28.480 --> 1:00:31.120
<v Speaker 3>through text messages. But yeah, no, it's like, I don't know.

1:00:31.160 --> 1:00:33.360
<v Speaker 3>I think for me, you really got to understand something,

1:00:33.480 --> 1:00:35.480
<v Speaker 3>Like I'm sure he knew what he was doing and

1:00:35.520 --> 1:00:37.560
<v Speaker 3>he could flip those shoes and be great. I'm sure

1:00:37.600 --> 1:00:40.720
<v Speaker 3>some of these people I've spent hours studying these these stocks,

1:00:40.720 --> 1:00:43.760
<v Speaker 3>and they have good data to back up their decisions.

1:00:44.000 --> 1:00:47.200
<v Speaker 3>But I don't. And I think that's the part that's

1:00:47.440 --> 1:00:50.200
<v Speaker 3>it's you'd be cautious. Was like, if you don't feel comfortable,

1:00:50.640 --> 1:00:53.720
<v Speaker 3>don't just jump into this just because somebody else feels

1:00:53.720 --> 1:00:54.520
<v Speaker 3>comfortable doing this.

1:00:54.840 --> 1:00:57.080
<v Speaker 2>Yeah, one hundred percent. I mean for me, for you,

1:00:57.200 --> 1:00:58.960
<v Speaker 2>it was single to MYO sneakers. For me, it was

1:00:59.040 --> 1:00:59.760
<v Speaker 2>beanie babies.

1:01:00.560 --> 1:01:01.280
<v Speaker 3>Oh man.

1:01:02.520 --> 1:01:07.040
<v Speaker 2>Yeah, I'm still waiting for my millions aunties and friends

1:01:07.040 --> 1:01:08.880
<v Speaker 2>at school who told me to get all of them

1:01:09.280 --> 1:01:11.240
<v Speaker 2>and we would like spend money, we would protect them

1:01:11.280 --> 1:01:13.160
<v Speaker 2>at all costs. I think I put one in a

1:01:13.240 --> 1:01:17.400
<v Speaker 2>time capsule, like you know, I was thirteen when y

1:01:17.520 --> 1:01:20.480
<v Speaker 2>uk came along, or didn't come along rather, And yeah,

1:01:20.480 --> 1:01:23.320
<v Speaker 2>I buried my millennium beanie baby, thinking wow, I'm really

1:01:23.400 --> 1:01:27.000
<v Speaker 2>just like burying my nest egg right now. I can

1:01:27.520 --> 1:01:30.160
<v Speaker 2>dig this up in the after and cash it out

1:01:30.160 --> 1:01:30.800
<v Speaker 2>of the bank. Yeah.

1:01:30.920 --> 1:01:33.920
<v Speaker 3>No, my mom has a garage full of beanie babies

1:01:33.920 --> 1:01:35.280
<v Speaker 3>still in their protective cases.

1:01:35.760 --> 1:01:39.600
<v Speaker 2>Oh no, she has. Oh that's so funny. Well, you know, hope,

1:01:39.600 --> 1:01:41.280
<v Speaker 2>and she's going to hang on to my bet.

1:01:41.760 --> 1:01:44.080
<v Speaker 3>They're not going anywhere. I mean, hey, look, Pokemon cards

1:01:44.160 --> 1:01:46.760
<v Speaker 3>for some reason going wold. Maybe beanie babies will circle

1:01:46.800 --> 1:01:47.640
<v Speaker 3>back around dude.

1:01:47.680 --> 1:01:50.320
<v Speaker 2>My husband was just like, he just went home to

1:01:50.360 --> 1:01:52.120
<v Speaker 2>his parents to go try and dig up his whole

1:01:52.120 --> 1:01:54.520
<v Speaker 2>Pokemon cards. He couldn't find them. He was so mad

1:01:55.480 --> 1:01:56.760
<v Speaker 2>about Pokemon cards.

1:01:56.880 --> 1:02:00.400
<v Speaker 3>I did the same thing. I called my dad, like, hey,

1:02:00.760 --> 1:02:02.880
<v Speaker 3>are those Pokemon cars still in the garage because I

1:02:02.960 --> 1:02:05.720
<v Speaker 3>wouldn't need those. He could not find them. They were

1:02:05.760 --> 1:02:07.480
<v Speaker 3>nowhere to be found. I was very disappointed.

1:02:07.560 --> 1:02:09.120
<v Speaker 2>But the beanie babies were okay.

1:02:09.360 --> 1:02:12.200
<v Speaker 3>Yeah, beanie babies. No, they're still on their shelf. They've

1:02:12.200 --> 1:02:14.120
<v Speaker 3>been on the same shelf for I think ten years,

1:02:14.800 --> 1:02:16.480
<v Speaker 3>just sitting there in their nice clearcases.

1:02:16.880 --> 1:02:20.680
<v Speaker 2>Oh lord, all right, well that's really funny. Okay, So

1:02:20.720 --> 1:02:23.040
<v Speaker 2>my break is going to be it's going to be

1:02:23.040 --> 1:02:24.120
<v Speaker 2>a big one. I'm going to try it to go

1:02:24.160 --> 1:02:26.440
<v Speaker 2>on too long. But as I said, I'm from the

1:02:26.440 --> 1:02:29.400
<v Speaker 2>state of Georgia, which has a lot of great things

1:02:29.440 --> 1:02:33.000
<v Speaker 2>going forward. You know, world of coke, black people thrive

1:02:33.080 --> 1:02:37.320
<v Speaker 2>in Atlanta. It's wonderful. We saved the Senate this year

1:02:37.800 --> 1:02:41.800
<v Speaker 2>with John Osoff and Rafael Warnocks win and the Senate race.

1:02:42.280 --> 1:02:44.400
<v Speaker 2>You know, we also saved the election. If you guys

1:02:44.400 --> 1:02:46.480
<v Speaker 2>don't remember black women and Lena did. We did that,

1:02:47.480 --> 1:02:49.280
<v Speaker 2>thank you, I'm like taking credit. I don't even live there.

1:02:49.320 --> 1:02:52.800
<v Speaker 2>I don't vote in Georgia anymore anyway, but Georgia still

1:02:52.840 --> 1:02:56.840
<v Speaker 2>has a lot of craziness happening. And I kind oft

1:02:56.840 --> 1:03:00.680
<v Speaker 2>believe this headline, but it's something that I wanted to

1:03:00.680 --> 1:03:04.040
<v Speaker 2>talk about because it's just showing how important local elections

1:03:04.040 --> 1:03:07.840
<v Speaker 2>are beyond the presidential election. And I will continue harping

1:03:07.840 --> 1:03:11.000
<v Speaker 2>on this, y'all because look at the Shenanigans. My state

1:03:11.160 --> 1:03:14.200
<v Speaker 2>is up to my God. So the Georgia Education Board

1:03:14.280 --> 1:03:17.440
<v Speaker 2>has passed a resolution just a few days ago to

1:03:17.560 --> 1:03:21.560
<v Speaker 2>limit the ability of teachers in schools where they educate

1:03:21.680 --> 1:03:23.480
<v Speaker 2>children who will go out into the world in the

1:03:23.480 --> 1:03:26.840
<v Speaker 2>future and be citizens in this country, limit them from

1:03:27.440 --> 1:03:31.440
<v Speaker 2>talking about race and the history of racism in this country.

1:03:32.000 --> 1:03:35.840
<v Speaker 2>Like that's the thing that the Board of Education could do.

1:03:36.200 --> 1:03:40.080
<v Speaker 2>And the governor Brian Kemp, who by the way, stole

1:03:40.080 --> 1:03:43.800
<v Speaker 2>the election from Stacy Abrams a couple of years ago.

1:03:43.960 --> 1:03:48.520
<v Speaker 2>That's Stacy Abram's whole you know, launch into this Fair

1:03:48.680 --> 1:03:53.080
<v Speaker 2>Fight Action nonprofit that she's built to expand voting rights

1:03:53.120 --> 1:03:55.600
<v Speaker 2>and voting access across the country, but especially in Georgia.

1:03:55.800 --> 1:03:57.840
<v Speaker 2>Brian Kemp was one of the reasons why, and he

1:03:58.000 --> 1:04:01.240
<v Speaker 2>himself was the one urging the the Board of Education

1:04:01.920 --> 1:04:05.120
<v Speaker 2>to take quote immediate steps to ensure that critical race

1:04:05.160 --> 1:04:09.040
<v Speaker 2>theory and its dangerous ideology do not take root in

1:04:09.160 --> 1:04:15.720
<v Speaker 2>our state standards and curriculum. And it passed. So this

1:04:15.960 --> 1:04:21.440
<v Speaker 2>is I'm just like, oh, I mean, I remember in

1:04:22.080 --> 1:04:25.880
<v Speaker 2>school talking about like people getting really fired up about

1:04:25.920 --> 1:04:28.360
<v Speaker 2>Georgia state flag because it had the Confederate emblement it

1:04:28.440 --> 1:04:30.000
<v Speaker 2>and they were going to change it. I remember that

1:04:30.040 --> 1:04:33.600
<v Speaker 2>being being really confused by how intensely debated that was

1:04:33.640 --> 1:04:36.880
<v Speaker 2>in class and stuff. And I was in class when

1:04:37.440 --> 1:04:39.880
<v Speaker 2>we were reading Huckleberry finn In. One of my white

1:04:41.120 --> 1:04:44.479
<v Speaker 2>female classmates asked, why can't we say the N word?

1:04:44.560 --> 1:04:46.520
<v Speaker 2>And she said the N word? Like, what's wrong with it?

1:04:46.840 --> 1:04:48.560
<v Speaker 2>They say it in the book? Why can't we say it? So,

1:04:49.160 --> 1:04:50.760
<v Speaker 2>as a kid who used to be one of the

1:04:50.760 --> 1:04:57.440
<v Speaker 2>only ones in her class, I can't. I can't conceive

1:04:57.480 --> 1:04:59.560
<v Speaker 2>that we could be going backwards like this. It's really

1:04:59.560 --> 1:05:03.480
<v Speaker 2>scary to me. And I just want to raise awareness

1:05:03.480 --> 1:05:06.200
<v Speaker 2>of that, of this thing that's happening in Georgia, and

1:05:06.240 --> 1:05:07.880
<v Speaker 2>I hope. I don't know if there's a way to

1:05:08.680 --> 1:05:12.720
<v Speaker 2>to vote this away or to undo it. But it's

1:05:12.760 --> 1:05:18.680
<v Speaker 2>scary that so simply and easily you can deny children

1:05:18.720 --> 1:05:22.800
<v Speaker 2>who are supposed to be educated. This discussion is about

1:05:22.800 --> 1:05:30.000
<v Speaker 2>this very important, very bloody, very tragic, you know, chapter

1:05:30.440 --> 1:05:34.160
<v Speaker 2>or book in our nation's history that is still impacting

1:05:34.200 --> 1:05:36.840
<v Speaker 2>them today. It just it like boggles my mind that

1:05:36.880 --> 1:05:37.760
<v Speaker 2>this is even happening.

1:05:38.600 --> 1:05:41.680
<v Speaker 3>I don't I don't understand it. I saw I saw

1:05:41.760 --> 1:05:45.640
<v Speaker 3>the same article, and I mean, it's not like there

1:05:45.680 --> 1:05:49.800
<v Speaker 3>are they currently were teaching like in depth history of

1:05:50.400 --> 1:05:52.720
<v Speaker 3>what was really happening in America over the years. I remember,

1:05:52.840 --> 1:05:54.480
<v Speaker 3>there's so many things I didn't learn about until I

1:05:54.560 --> 1:05:57.000
<v Speaker 3>was in college or just learned about on my own,

1:05:57.360 --> 1:05:59.720
<v Speaker 3>including like the Tulsa massacre, Like that was something that

1:05:59.760 --> 1:06:02.000
<v Speaker 3>people in Oklahoma don't even know about that beause they

1:06:02.040 --> 1:06:04.680
<v Speaker 3>weren't talked about it in school. And it's like to

1:06:04.720 --> 1:06:09.640
<v Speaker 3>then even say we can't even mention the factual history

1:06:09.640 --> 1:06:12.000
<v Speaker 3>and the discrimination that's occurred in the state and in

1:06:12.000 --> 1:06:15.320
<v Speaker 3>the country. It's it really makes you think, like why,

1:06:15.520 --> 1:06:17.640
<v Speaker 3>why is that even possible to do something like that.

1:06:18.360 --> 1:06:20.760
<v Speaker 2>Yeah, absolutely, I will give a shout out to a

1:06:20.800 --> 1:06:23.360
<v Speaker 2>teacher named Tracy Penley. She was named the state Teacher

1:06:23.400 --> 1:06:26.320
<v Speaker 2>of the Year and she unfortunately doesn't have a vote

1:06:26.360 --> 1:06:29.240
<v Speaker 2>on the board despite being State Teacher of the Year.

1:06:29.320 --> 1:06:32.440
<v Speaker 2>But she also spoke out against it and says to

1:06:32.480 --> 1:06:34.680
<v Speaker 2>say that we're not a racist state flies in the

1:06:34.680 --> 1:06:36.480
<v Speaker 2>face of all the research that I've been taught and

1:06:36.480 --> 1:06:39.320
<v Speaker 2>that I've looked at. And it's true. I mean, racism

1:06:39.400 --> 1:06:42.520
<v Speaker 2>is alive and well in Georgia, despite how there are

1:06:42.560 --> 1:06:45.360
<v Speaker 2>so many is an amazing it can be an amazing

1:06:45.400 --> 1:06:46.960
<v Speaker 2>place to live, and I was I'm proud to be

1:06:46.960 --> 1:06:50.600
<v Speaker 2>have been raised there. But until we can't become a

1:06:50.600 --> 1:06:53.560
<v Speaker 2>better state or better country until we're willing to acknowledge

1:06:53.600 --> 1:06:57.520
<v Speaker 2>these flaws in ourselves. And racism is very much alive

1:06:57.560 --> 1:06:59.800
<v Speaker 2>and well in Georgia. I don't know what the breakdown is,

1:06:59.840 --> 1:07:02.520
<v Speaker 2>but I can guarantee you Georgian's made up a fair

1:07:02.640 --> 1:07:06.720
<v Speaker 2>few number of state rioters at the Capitol back in January.

1:07:07.240 --> 1:07:09.680
<v Speaker 2>And beyond that, I'm just a person who knows there's

1:07:09.960 --> 1:07:13.959
<v Speaker 2>freezes people in my home state. And as a mom,

1:07:14.240 --> 1:07:17.080
<v Speaker 2>like I'm already like my son that are get ready

1:07:17.080 --> 1:07:19.280
<v Speaker 2>I'm going to be investigating all of his textbooks, I'm

1:07:19.320 --> 1:07:23.720
<v Speaker 2>going to be like, where's the chapter on slavery? What

1:07:23.760 --> 1:07:26.080
<v Speaker 2>do they talk about? You know, what are their references?

1:07:26.160 --> 1:07:28.760
<v Speaker 2>And I think it's really important as parents today to

1:07:28.800 --> 1:07:33.160
<v Speaker 2>just be woke about, really engaged with what our children

1:07:33.240 --> 1:07:36.720
<v Speaker 2>are being taught in school, so that we can listen

1:07:36.760 --> 1:07:39.760
<v Speaker 2>at the end of the day. If it's definitely easy

1:07:39.800 --> 1:07:43.400
<v Speaker 2>for obviously boards of education, nepacities to sources of resolutions,

1:07:43.400 --> 1:07:46.600
<v Speaker 2>but it's also easy to take your kids to the library.

1:07:46.840 --> 1:07:49.120
<v Speaker 2>It's also easy to talk about things at the dinner

1:07:49.120 --> 1:07:51.360
<v Speaker 2>table that maybe aren't maybe when I was growing up,

1:07:51.360 --> 1:07:54.480
<v Speaker 2>weren't considered polite conversation. But we've got to educate ourselves

1:07:54.520 --> 1:07:56.680
<v Speaker 2>and make sure our kids are educated. And thankfully there's

1:07:57.280 --> 1:08:01.360
<v Speaker 2>a million different ways to get that education. And it's

1:08:01.440 --> 1:08:05.120
<v Speaker 2>still really troubling, but I'm at least heartened by the

1:08:05.200 --> 1:08:07.560
<v Speaker 2>fact that, you know, you have some schools, on the

1:08:07.600 --> 1:08:10.560
<v Speaker 2>other hand, who are teaching critical race theory and teaching

1:08:11.080 --> 1:08:13.840
<v Speaker 2>sixteen nineteen project by Nicole Hannah Jones from The New

1:08:13.920 --> 1:08:17.000
<v Speaker 2>York Times, Like, so there's education out there. We just

1:08:17.040 --> 1:08:19.120
<v Speaker 2>have to be really, you know, on top of it

1:08:19.160 --> 1:08:21.840
<v Speaker 2>and just make sure that kids are getting a very

1:08:21.880 --> 1:08:29.240
<v Speaker 2>like realistic and honest, factual telling of our country's history,

1:08:29.560 --> 1:08:30.240
<v Speaker 2>good and bad.

1:08:30.880 --> 1:08:33.720
<v Speaker 3>Yeah, exactly, I mean, and I mean this just goes

1:08:33.760 --> 1:08:35.599
<v Speaker 3>back to your point of saying how important these local

1:08:35.640 --> 1:08:39.360
<v Speaker 3>elections are because these people making the decisions they really

1:08:39.360 --> 1:08:41.120
<v Speaker 3>want to keep their jobs. They really want to keep

1:08:41.120 --> 1:08:45.639
<v Speaker 3>those positions. And if they're pressed, and if their people

1:08:45.680 --> 1:08:49.679
<v Speaker 3>are vocal about their like their displeasure with what they're

1:08:49.680 --> 1:08:51.760
<v Speaker 3>doing and the decisions they're making, you can both them

1:08:51.760 --> 1:08:53.439
<v Speaker 3>out or you can put the pressure in them and

1:08:53.479 --> 1:08:55.439
<v Speaker 3>make different decisions. But if they feel comfortable like they're

1:08:55.479 --> 1:08:57.479
<v Speaker 3>never going to get pushed out, then they'll continue to

1:08:57.479 --> 1:08:58.639
<v Speaker 3>make these horrible decisions.

1:08:59.320 --> 1:09:01.839
<v Speaker 2>Yeah. Absolutely. And you can get so mad at an article,

1:09:01.920 --> 1:09:04.800
<v Speaker 2>but you know, were you there at the polls when

1:09:04.840 --> 1:09:08.320
<v Speaker 2>you had a chance to vote. So all right, Well,

1:09:08.320 --> 1:09:10.599
<v Speaker 2>that was definitely a heavy note to end on Chris

1:09:11.479 --> 1:09:14.160
<v Speaker 2>that I had to do what I had to do it.

1:09:14.240 --> 1:09:17.400
<v Speaker 2>But listen, this has been such a pleasure having you

1:09:17.520 --> 1:09:19.680
<v Speaker 2>joined the show. I'm so glad that you're out there

1:09:19.720 --> 1:09:22.639
<v Speaker 2>doing what you're doing. I hope Popcorn Finance you guys

1:09:22.640 --> 1:09:25.080
<v Speaker 2>got to go check it out, subscribe or sorry you

1:09:25.160 --> 1:09:26.880
<v Speaker 2>follow it now on Apple.

1:09:26.600 --> 1:09:28.960
<v Speaker 3>Podcast and they have changed the language everything yet it's following.

1:09:29.320 --> 1:09:33.559
<v Speaker 2>Follow popcorn Finance, leave a review, go find Chris. He's

1:09:33.560 --> 1:09:37.200
<v Speaker 2>on all the socials at Popcorn Finance, and then also

1:09:37.320 --> 1:09:39.280
<v Speaker 2>check out his other show, This is Awkward. Who is

1:09:39.320 --> 1:09:39.920
<v Speaker 2>your co host?

1:09:40.560 --> 1:09:42.080
<v Speaker 3>It's Allison Alison Baggerley.

1:09:42.760 --> 1:09:45.920
<v Speaker 2>Alison Baggerley, awesome. Thank you Chris. Any last words for

1:09:45.960 --> 1:09:48.160
<v Speaker 2>the BA fan, I would.

1:09:47.960 --> 1:09:50.080
<v Speaker 3>Say, thank you so much for having me. Mandy was

1:09:50.080 --> 1:09:52.479
<v Speaker 3>grigging and talked with you on here, and you know,

1:09:52.520 --> 1:09:55.000
<v Speaker 3>I just I appreciate you. Just let me join you

1:09:55.040 --> 1:09:57.719
<v Speaker 3>here while Tiffany's off for a little bit of a break.

1:09:57.720 --> 1:09:59.519
<v Speaker 3>But it's been so great talking with you and all

1:09:59.560 --> 1:10:00.400
<v Speaker 3>of the audi answer.

1:10:01.000 --> 1:10:02.920
<v Speaker 2>Thank you. You made it less scary for me to

1:10:02.960 --> 1:10:06.880
<v Speaker 2>be without Tiffany for the first time ever. I feel

1:10:06.960 --> 1:10:09.360
<v Speaker 2>so crazy to do it without her, but this was great.

1:10:09.400 --> 1:10:10.120
<v Speaker 2>Thank you Chris.

1:10:11.000 --> 1:10:12.720
<v Speaker 3>Oh no, thank you so much. It's great talking with you.