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Speaker 1: LinkedIn News. First of all, I don't look at my

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Speaker 1: bank account. I don't need that negativity in my life.

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Speaker 2: After a long weekend, I'm like, okay, oh, absolutely, Monday mornings.

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Speaker 1: Hold hands, we're going to war. I'm gonna ask myself

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Speaker 1: how much ram and do I need to eat this

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Speaker 1: week to account for that. I walked by a department store,

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Speaker 1: so something said spoil yourself. You have one life, yolo

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Speaker 1: That yolo got me broke.

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Speaker 3: From LinkedIn News and I heard podcasts. This is Let's

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Speaker 3: Talk Offline, a show about what it takes to thrive

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Speaker 3: in the early years of your career without sacrificing your values,

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Speaker 3: sanity or sleep. I'm Gianna Prudenti, and I'm.

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Speaker 1: Jamaie Jackson Gadson. The only thing better than that first

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Speaker 1: real job is that first real paycheck, honey making it

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Speaker 1: rain in the club on a Friday. But look, before

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Speaker 1: you do all that, I know you're asking yourselves some

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Speaker 1: real adult questions. What am I even supposed to do

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Speaker 1: with this money? I mean, should I buy that new

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Speaker 1: phone I've been looking at? Or should I be investing

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Speaker 1: my money? What is a four one K or an ira? Honestly,

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Speaker 1: all them Letta's numbers and digits and whatever else is

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Speaker 1: really confusing for me. And I know that this is

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Speaker 1: something that they are not teaching you in school, which

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Speaker 1: is why it's really easy to feel kind of lost

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Speaker 1: when it comes to money conversations.

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Speaker 3: Yes, I feel lost in this all so when it

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Speaker 3: comes to personal finance, and that's why the basics are

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Speaker 3: so important. Understanding personal finance basics can really set you

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Speaker 3: up for long term success and make you feel confident

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Speaker 3: about managing your money. So today we're gonna be talking

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Speaker 3: all about personal finance and how you can come up

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Speaker 3: with a game plan to reach those financial goals.

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Speaker 4: Me too.

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Speaker 1: See, so I know talking about personal finance is probably

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Speaker 1: a little weird. You guys are probably like Jimmy Gianna,

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Speaker 1: we did not sign up for personal finance podcast, Okay,

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Speaker 1: But the truth of the matter is personal finance is

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Speaker 1: extremely important. At the end of the day, you are

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Speaker 1: going to go out and make your first big boy

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Speaker 1: or big girl paycheck, and you're gonna probably ask the

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Speaker 1: same thing I did, Can I spend all of this

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Speaker 1: on food? Your first paycheck and your money is going

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Speaker 1: to matter throughout your career. But I realized that a

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Speaker 1: lot of people don't even know where to start. I mean,

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Speaker 1: they don't even know how it plays into the long

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Speaker 1: term of your success, especially when you land that first

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Speaker 1: job and you don't even know what to do. That's

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Speaker 1: why I'm super excited, y'all. We are excited because finance

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Speaker 1: expert Vivian two, who you probably know as your rich

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Speaker 1: bff online, is coming on to talk us all through it.

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Speaker 1: But first, Gianna, let me ask you. What trends have

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Speaker 1: you seen in your reporting about gen Z and their

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Speaker 1: relationship to money.

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Speaker 3: Yes, so all spirts acknowledge like when it comes to

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Speaker 3: money management, there is privilege and being able to you know,

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Speaker 3: save and budget. Not everyone has that extra income to

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Speaker 3: be able to save and invest, and a lot of

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Speaker 3: people are burdened with debt and living paycheck to paycheck.

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Speaker 3: But hopefully from this episode you're able to, you know,

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Speaker 3: gain the tools and strategies to make better financial decisions

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Speaker 3: and work toward whatever financial goals you have, even if

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Speaker 3: it's just one small step. But I think when it

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Speaker 3: comes to like gen Z and our relationship with money,

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Speaker 3: I saw a study from TransUnion that found that people

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Speaker 3: who are in their early twenties are earning less and

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Speaker 3: have more debt than millennials did our age, which, like,

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Speaker 3: I'm totally not here to pin the generations against each other,

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Speaker 3: but it's the reality of, you know, the moment, and

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Speaker 3: so it can really feel impossible for us to get

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Speaker 3: financially ahead or build any type of financial wealth in

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Speaker 3: today's economy. So we're just full of this financial angst

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Speaker 3: and a lot of people I've been seeing this get

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Speaker 3: reported out are experiencing what we call money dysmorphia, and

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Speaker 3: that's having a flawed perception of your finances, so thinking

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Speaker 3: you have less than you actually do, and that can

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Speaker 3: impact you know, your spending habits. It can make you

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Speaker 3: moll over financial decisions more than you need to, and

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Speaker 3: it's very common. A report from Credit Karma showed that

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Speaker 3: forty three percent of gen z or suffer from money dysmorphia,

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Speaker 3: and that's compared to twenty nine percent of workers overall.

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Speaker 3: And a lot of that money dysmorphia is caused by

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Speaker 3: comparison on social media. I think, you know, social media

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Speaker 3: is great, but of course that's you know, a reason

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Speaker 3: why we fall victim to comparison is you see other

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Speaker 3: people the way that they're spending their money, and you're like, oh,

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Speaker 3: I'm not in that position, even if maybe you are.

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Speaker 3: All of this is to say that money management can

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Speaker 3: be very anxiety inducing because we don't learn anything personal

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Speaker 3: finance out all in school and suddenly you enter the workforce.

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Speaker 3: You have a four to one K What is that? Like?

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Speaker 3: You have a paycheck? Should you be saving? Should you

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Speaker 3: be budgeting? And I swear to God every time my

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Speaker 3: mom asked me like are you saving money? Like I

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Speaker 3: just booked trip and she's like, well, John, I just

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Speaker 3: want to make sure are you saving money? I'm like,

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Speaker 3: literally gonna throw up.

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Speaker 1: My mother does the exact same thing. She's like, do

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Speaker 1: you have a budget?

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Speaker 3: V A few weeks ago, I'm working midday, i get

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Speaker 3: an email from my mom with a budget template. I'm like,

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Speaker 3: or is this coming from I'm going to tell you mom,

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Speaker 3: if you're listening. I still have not looked at that,

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Speaker 3: but I you know, it just stresses me out to

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Speaker 3: get my finances in order. I think a lot of

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Speaker 3: people can probably relate to that, this idea of having

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Speaker 3: to sit down and look at how much is coming

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Speaker 3: in and coming out.

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Speaker 1: Yeah, it's a lot. First of all, I don't look

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Speaker 1: at my bank account. I don't need that negativity in

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Speaker 1: my life. Honestly.

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Speaker 3: Look, after a long weekend.

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Speaker 2: I'm like, okay, oh absolutely, Monday morning, let's hold hands

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Speaker 2: and we're going to this idea.

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Speaker 1: In it, I'm going to ask myself how much rom

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Speaker 1: and do I need to eat this week to account

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Speaker 1: for that? I walked by a department store, so something said,

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Speaker 1: spoil yourself. You have one life, Yolo. That yolo got

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Speaker 1: me broke. Uh huh. So, Gianna, I feel like you've

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Speaker 1: sort of I've talked a lot about how gen Z

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Speaker 1: feels about this, but like, what has your relationship been

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Speaker 1: like with money?

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Speaker 3: Yeah? Good questions. I do have to talk about it.

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Speaker 3: I guess I'm in the hot seat. Yeah, I think

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Speaker 3: I always like grew up being kind of cautious about

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Speaker 3: spending money. Also, fun fact, my last name in Italian

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Speaker 3: means cautious. So it's just like literally does make sense? Yeah,

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Speaker 3: you know me so much?

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Speaker 1: Everything sense?

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Speaker 3: It was written in the stars. Why I couldn't choose

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Speaker 3: this life from myself?

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Speaker 1: Jackson doesn't mean anything except the son of jack I guess.

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Speaker 3: But you know, my mom grew up like my grandparents

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Speaker 3: came here from Italy and you know, they struggled to

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Speaker 3: make ends me and she grew up where my grandpa,

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Speaker 3: my no no, was very frugal with money, so I

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Speaker 3: think she kind of internalized that. And then when I

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Speaker 3: was growing up, she always told me siblings, like every

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Speaker 3: penny counts, every dollar count So I was always saving.

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Speaker 3: I was like, okay, you know, you never know what's

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Speaker 3: gonna happen when a rainy day, you know, hits. But now,

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Speaker 3: living on my own in the New York City area,

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Speaker 3: saving has been a struggle. Like once you so I,

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Speaker 3: for context, I lived at home for two years after graduation,

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Speaker 3: saved my money, and then you move out and suddenly

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Speaker 3: it's like, where did my paycheck go?

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Speaker 1: You're like, wow, this is what the adults we're talking about.

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Speaker 3: Yeah, yeah, that's like the biggest like adulting one oh

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Speaker 3: one reality check. So now I'm balancing, you know, my

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Speaker 3: rent payments, my student loan, living expenses. And I acknowledge

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Speaker 3: that working in tech, you know, I make a good salary,

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Speaker 3: but it's still it's just expensive to live, you know.

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Speaker 3: And my mom has always been the one who's really

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Speaker 3: helped me on my personal finance journey, Like she is

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Speaker 3: like a financial advisor. You know, on the side, she's

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Speaker 3: helped me, you know, figure out what investment funds I

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Speaker 3: should be in early on and moving some of my

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Speaker 3: money out of, you know, just my big account so

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Speaker 3: it's just not sitting there collecting to us. But I

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Speaker 3: know I can be doing a lot better with budgeting.

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Speaker 3: I was saying before, Like the idea of having to

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Speaker 3: sit down and understand how much is me in and

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Speaker 3: coming out of my bank account really makes me want

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Speaker 3: to peeuke. Like it's just I don't have a budget

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Speaker 3: and I probably need one, And I also want to

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Speaker 3: figure out like my financial goals. I'm at a point

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Speaker 3: right now where yeah, one day I would love to

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Speaker 3: have a house, but like I'm twenty five, so do

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Speaker 3: I start saving now? Like that seems like a little

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Speaker 3: bit far off. So I need all the help when

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Speaker 3: it comes to just like getting my you know, budgeting

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Speaker 3: and financial goals in order.

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Speaker 1: Yeah, but I mean, first of all, give yourself credit.

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Speaker 1: You're having conversations and even asking yourself questions that I

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Speaker 1: don't think a lot of people are asking themselves, or

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Speaker 1: at least are in a position to ask themselves. You know,

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Speaker 1: you mentioned at the very beginning that some people don't

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Speaker 1: get the privilege of talking. When I was your age,

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Speaker 1: I was not making good money, so I couldn't even

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Speaker 1: articulate really what long term goals are. I knew that

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Speaker 1: I needed to make them, but I was like, the

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Speaker 1: money gotta come first.

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Speaker 3: Yeah, yeah, yeah, no, I do. I definitely acknowledge that

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Speaker 3: there's a lot of privilege with working in tech because

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Speaker 3: I've been able to, you know, have some investments saving.

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Speaker 3: But I think it's I like to treat myself like

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Speaker 3: I knew too much, you know, so I need to

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Speaker 3: I need to scale back. And I really do credit

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Speaker 3: all to my mom, like she has really been the

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Speaker 3: one being like, you got to get it in order.

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Speaker 1: Those books on that.

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Speaker 3: Yeah, but I'm wondering for you, like your early paychecks,

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Speaker 3: what was Jammae Little Jamay spending her money on.

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Speaker 1: Yeah, you know, my experience with money, first of all,

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Speaker 1: has been an interesting one. But my mom really was

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Speaker 1: one Like from the young age. She put me in

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Speaker 1: like financial literacy classes that were taught at my church,

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Speaker 1: which was really nice, awesome. Yeah. She used to sit

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Speaker 1: me down and as she would clean out her check books,

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Speaker 1: you know, she would do her she literally would go

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Speaker 1: she could get down to the dime, her money in

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Speaker 1: her bank account, and like she would always constantly check

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Speaker 1: and make sure everything was aligned. She showed me how

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Speaker 1: she paid bills and all that stuff. So I did

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Speaker 1: get the opportunity at a young age to see sort

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Speaker 1: of what was be expected. But then I was like, dang,

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Speaker 1: I gotta do this now for yourself, for me. Like

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Speaker 1: now I I wholly understand why Beyonce said, ladies, leave

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Speaker 1: your man at home.

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Speaker 3: Now you guys hear parents were always stressed.

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Speaker 1: Now I know why. When they came home they said,

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Speaker 1: don't talk to me for fifteen minutes, like, let me

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Speaker 1: just put some TV on. They the world sucks. So

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Speaker 1: you know, I was blessed though that when I went

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Speaker 1: to college, I went on a full ride, so we

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Speaker 1: didn't have to worry financially about that. But I've always

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Speaker 1: been in a very ambitious person, so I still worked

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Speaker 1: all throughout college. I've always had jobs, so I always

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Speaker 1: wanted pocket money because one thing I don't like is

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Speaker 1: for people to tell me what to do with my money.

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Speaker 1: Don't tell me what to do here, right, good good thing.

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Speaker 1: We're not like, you know, possibly gonna be telling people

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Speaker 1: like hey, stop doing this. But I always loved financial

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Speaker 1: autonomy and I always felt like powerful in that. One

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Speaker 1: of the things, though, that we were talking about, was

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Speaker 1: that throughout my career, especially throughout most of my twenties,

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Speaker 1: I did not make money enough to be able to save,

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Speaker 1: let alone invest and have some of these bigger conversations

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Speaker 1: that we're having. I was making enough money to get by,

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Speaker 1: and that's why being a lancer, having a side hustle

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Speaker 1: is something that is so important to me and that

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Speaker 1: I will always talk about because it was those little

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Speaker 1: gigs of a two hundred and fifty dollars job or

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Speaker 1: a five hundred dollars cover feature that covered me and

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Speaker 1: made sure I kept my lights on, especially when I decided, Hey,

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Speaker 1: I'm going to move to the most expensive city in

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Speaker 1: the world, New York. But like I did not make

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Speaker 1: wise decisions financially as when you're younger, I still sometimes don't.

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Speaker 1: I really much so believe you still have to enjoy life.

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Speaker 1: But I now am at a place where I'm like, Okay,

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Speaker 1: I'll be an adult. You know, yes, you can go

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Speaker 1: to the club or the ballers are there. You also

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Speaker 1: got to start building out long term strategy growing up.

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Speaker 1: I'm growing up. I'm a city girl, but a responsible

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Speaker 1: financial city girl. You know, you want to build a home,

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Speaker 1: you want to get married, you want to start a family,

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Speaker 1: these things really. Yeah, when I hear how much weddings cost,

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Speaker 1: I'm like, no, our friends just spent like six figures

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Speaker 1: on their wedding. It was beautiful. But yeah, so like

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Speaker 1: things are expensive. And so now I'm trying to go

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Speaker 1: into conversations with that in mind and really telling myself, Okay,

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Speaker 1: if you chip off fifty dollars on your eating out fun,

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Speaker 1: that doesn't mean you're depriving yourself, but you can put

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Speaker 1: that money into something else. And so I think the

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Speaker 1: conversation is changing, and certainly my viewpoint.

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Speaker 3: Yeah, so it seems like both of us could do

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Speaker 3: a little better with money management. Yeah, I think. God,

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Speaker 3: we got an expert coming on.

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Speaker 1: Oh, tell me what to do, but don't want me

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Speaker 1: to give up. Oysters coming up. You really can never

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Speaker 1: have enough work besties. So we're bringing in finance expert

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Speaker 1: Vivian two aka your rich bff, to help us break

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Speaker 1: down what personal finance moves you should be making early

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Speaker 1: in your career. So I get it, y'all. Personal finance

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Speaker 1: can feel and sound super scary. I mean, honestly, my

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Speaker 1: armpits get sweaty just talking about money. I know it's

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Speaker 1: a bad things. It feels taboo, but the reality is

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Speaker 1: we got to start having these conversations. But we're not

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Speaker 1: just going to lean on me and Gianna this week.

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Speaker 1: We are going to bring it a heavy hitter who's

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Speaker 1: going to talk to us all about the money on Gianna,

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Speaker 1: who do we have this week?

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Speaker 3: All right? First off, we need to count on how

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Speaker 3: many times Jamaze our bits get sweaty during the day.

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Speaker 1: It's essentially always sweaty. I am a.

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Speaker 3: Snoweaty girl, no problem, we all are, okay, So I'm

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Speaker 3: so excited we're bringing on Vivian two. You guys definitely

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Speaker 3: know her as your rich bff on social media. She's

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Speaker 3: a former Wall Street trader who offers her community of

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Speaker 3: over seven million followers advice on how to manage their

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Speaker 3: money and better understand the financial landscape. She's also the

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Speaker 3: author of rich af The Winning Money Mindset that Will

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Speaker 3: Change Your Life, which gives readers tools on how to

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Speaker 3: develop their own finance strategies. Vivian, thanks so much for

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Speaker 3: joining us. Vivian, thank you so much for having me.

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Speaker 1: So let's go in and start off with a question

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Speaker 1: that I think a lot of people, myself included, have,

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Speaker 1: which is what's a really common early career money mistake

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Speaker 1: that you see young people make.

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Speaker 5: I think one of the biggest ones is being happy

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Speaker 5: and comfortable with that inflation raise. I don't know what

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Speaker 5: dork invented that, but it is the worst thing ever.

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Speaker 5: It's when you get to the end of the year

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Speaker 5: and you don't ask for a raise yourself, and your

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Speaker 5: boss comes in smug and they're smiling, and they're like, well,

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Speaker 5: I've got some great news for you, like we are

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Speaker 5: giving you an inflation raise for working so hard. It's

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Speaker 5: going to be two percent. What the hell does that

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Speaker 5: get you? Nothing? Okay, that means you are essentially making

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Speaker 5: the same amount this next year as you did this year,

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Speaker 5: because we all know inflation is roughly two to three percent,

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Speaker 5: So your life is getting more expensive. Even if you

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Speaker 5: do make that a little additional, you're spending it, and

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Speaker 5: you're spending it not on fun things. You're spending it

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Speaker 5: on things that like eggs at the grocery store. So

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Speaker 5: I think the first one is understanding what an actual

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Speaker 5: raise looks like. And knowing that you have to ask

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Speaker 5: for one every single year. I always get roasted on

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Speaker 5: the internet when I say this out loud, but I'm like,

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Speaker 5: every single year you need to be asking for a

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Speaker 5: raise of somewhere between ten to fifteen percent, and people

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Speaker 5: are always so shell shocked by that number when in reality,

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Speaker 5: I'm not saying you're going to get fifteen percent every

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Speaker 5: single year. But if you ask for ten to fifteen

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Speaker 5: and you end up getting eight, that is actually a

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Speaker 5: true raise. That means that your money is going to

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Speaker 5: do more for you because you're making more versus just

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Speaker 5: keeping up with inflation and your life doesn't actually get

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Speaker 5: any better.

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Speaker 1: Yeah, I love that a lot. Usually what I do

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Speaker 1: is I add my requests in my performance evaluation. It

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Speaker 1: doesn't mean it's always going to happen, but at least

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Speaker 1: there's something documented that says, this is the money I'm

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Speaker 1: asking for. Here is the proof of why I'm asking

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Speaker 1: for it, and hopefully we land somewhere so that we

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Speaker 1: can have a little bit more money in the bank.

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Speaker 3: Vivian, I want to ask you a question about, you know,

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Speaker 3: all the things savings and budgeting. You know, this is

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Speaker 3: like a lot of people's like first big girl jobs

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Speaker 3: are starting to get those paychecks and potentially have some

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Speaker 3: money to put aside and save. Before we get into that,

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Speaker 3: I'm assuming that the first step to budgeting and saving

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Speaker 3: is kind of clarifying those financial goals. So how do

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Speaker 3: you determine, you know, what is a goal, is it feasible?

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Speaker 3: And then how do you make a plan to achieve them?

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Speaker 5: Yeah, I think all of our goals are really going

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Speaker 5: to differ, but I think it's all about setting up

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Speaker 5: that plan. What I like to do is when I

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Speaker 5: have a goal, I write out a goal at the

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Speaker 5: top of the piece of paper that I have in

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Speaker 5: front of me, and then I will say what is

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Speaker 5: the timeline for me to accomplish this? And then from

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Speaker 5: that timeline, I'll break it out into twenty five, fifty

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Speaker 5: and seventy five percent and then the one hundred. So

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Speaker 5: if the goal takes six months, I'm going to do

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Speaker 5: a check in around a month and a half in

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Speaker 5: I'm going to do a check in at three, four

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Speaker 5: and a half and then six, And then I write

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Speaker 5: down who can actually help me accomplish this goal, what

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Speaker 5: I actually need to get this done, and then I

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Speaker 5: also write down what are my strengths and weaknesses that

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Speaker 5: are going to help and hurt me from achieving this. So,

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Speaker 5: for example, if my goal is to save two thousand dollars,

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Speaker 5: one of the strengths is, hey, I have a really

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Speaker 5: good job and I get a really good salary. Weaknesses

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Speaker 5: can be when I see money in my bank account,

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Speaker 5: I use the money in my bank account, and I

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Speaker 5: get the little treat. I've got the drinks out with friends,

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Speaker 5: I got my nails done, I got the lashes done.

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Speaker 5: Suddenly I don't have that two thousand dollars saved, and

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Speaker 5: maybe that two thousand dollars was for a new laptop

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Speaker 5: so I could start a photography business on the side.

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Speaker 5: So I think knowing what your strengths and weaknesses are

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Speaker 5: is really helpful, and then also building systems to actually

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Speaker 5: prevent your weaknesses from derailing you. So in that case,

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Speaker 5: sometimes I can be very shortsighted. And if I want

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Speaker 5: to have a long term goal or a bigger picture goal,

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Speaker 5: what I like to do is so many of us

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Speaker 5: these days get paid via direct deposit, and if you're

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Speaker 5: a W two employee, you can typically go into your

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Speaker 5: workplace portal where you set it up initially when you

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Speaker 5: first started the job, instead of putting one hundred percent

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Speaker 5: into a checking account, you can put ninety percent or

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Speaker 5: ninety five percent and automatically set aside five to ten

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Speaker 5: percent into a high healed savings account where your money's

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Speaker 5: earning you more money. But also you don't see it,

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Speaker 5: it's not there. Just pretend it's not there, and that

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Speaker 5: way you won't spend it.

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Speaker 3: That sounds really smart when it's at a site out

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Speaker 3: of mind, you don't spend it. But when it comes

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Speaker 3: to like budgeting and saving best practices, you know, that's

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Speaker 3: something that like we obviously don't learn that in school.

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Speaker 3: And then to even start creating a budget, to even

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Speaker 3: start building a savings feels incredibly intimidating. So how do

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Speaker 3: you even start, Like, let's start with budgeting. How do

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Speaker 3: you even start to create a budget? What should you

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Speaker 3: be putting in as your different line items in the budget?

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Speaker 3: How much of your you know, paycheck do you put where?

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Speaker 3: How do you kind of go about that?

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Speaker 5: Yeah, I think one of my favorite budgeting strategies, and

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Speaker 5: again a different strategy is going to work for different people,

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Speaker 5: But my favorite one, because it's so simple, is the

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Speaker 5: fifty to thirty twenty budgeting strategy. It just roughly says,

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Speaker 5: fifty percent of your take home pay goes towards needs,

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Speaker 5: So that's things like rent, groceries, basic transportation to get

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Speaker 5: you to and fro. Thirty percent goes towards wants, so

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Speaker 5: this is things like that dinner out, the nails, the

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Speaker 5: cute little dress. Twenty percent goes towards taking care of

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Speaker 5: future you. So that's saving, that's paying down your debt,

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Speaker 5: and that's investing. And this is just a jump off point,

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Speaker 5: and I think this is a really good format for

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Speaker 5: the beginning of your career. And the hope is that

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Speaker 5: over time, as you make more money, as you become

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Speaker 5: more financially stable, that fifty and thirty can actually become

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Speaker 5: smaller numbers, and that twenty rises and rises and rises,

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Speaker 5: you know, so that you are able to set aside

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Speaker 5: more and take care of yourself in the future more.

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Speaker 3: That seems like such a great first step.

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Speaker 1: Yeah, and I appreciate also that, like you're not telling

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Speaker 1: people just don't spend money on you, because that's so unrealistic.

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Speaker 1: You want to be able to enjoy your money at

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Speaker 1: every age of your life. But you also need to

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Speaker 1: be thinking about tomorrow and hopefully that you won't have

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Speaker 1: to work until you're in your li like eighties. So Vivian.

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Speaker 1: One thing that I'm always talking with my friends about

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Speaker 1: is how money is such a different conversation, particularly for

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Speaker 1: people of color. I know, like there are terms that

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Speaker 1: are thrown around, like the black tax, where we're evaluating

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Speaker 1: how the paycheck that I make is not just supporting me,

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Speaker 1: it's supporting my parents, it's supporting the aunts and uncles

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Speaker 1: who things happen to whatever. So what tips would you

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Speaker 1: recommend on budgeting or even enforcing those boundaries with the

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Speaker 1: people who you want to help, but maybe sometimes you can't.

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Speaker 5: Yeah, this hits so close to home because you know,

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Speaker 5: similar to the Black tax, like there is the dutiful

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Speaker 5: Chinese Asian, you know, the daughter, like you have to

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Speaker 5: kind of take care of everybody back home. And I

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Speaker 5: have so many friends where when they get their bonus

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Speaker 5: at the end of the year, there's an expectation that

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Speaker 5: they're sending that bonus home because maybe they grew up,

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Speaker 5: you know, undersupported in an underprivileged neighborhood and like their

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Speaker 5: parents need that money to like fix the car or

432
00:20:57,840 --> 00:21:00,719
Speaker 5: like make sure that like the windows aren't like broke in.

433
00:21:01,160 --> 00:21:07,040
Speaker 5: And so my big tip is never ever lend money period,

434
00:21:07,400 --> 00:21:13,040
Speaker 5: you only gift because when I tell you Uncle Lester

435
00:21:13,280 --> 00:21:15,280
Speaker 5: whoever is going to borrow that, but you're never seeing

436
00:21:15,320 --> 00:21:19,560
Speaker 5: that shit again. No, that is going to cause severe resentment.

437
00:21:20,160 --> 00:21:23,159
Speaker 5: It's just going to make family relationships awkward, and you

438
00:21:23,240 --> 00:21:25,800
Speaker 5: don't want to do that. In the same way that

439
00:21:25,840 --> 00:21:29,359
Speaker 5: you are setting aside dollars for your needs and your wants,

440
00:21:29,560 --> 00:21:32,960
Speaker 5: you can actually build into part of either of those categories,

441
00:21:33,400 --> 00:21:37,440
Speaker 5: like gifting for your family. So if this is like, oh,

442
00:21:37,480 --> 00:21:39,720
Speaker 5: I want to make sure that my parents and my

443
00:21:39,800 --> 00:21:42,480
Speaker 5: siblings or aunts and uncles can have a really wonderful

444
00:21:42,520 --> 00:21:45,960
Speaker 5: winter holiday, that can go into wants. If it's my

445
00:21:46,080 --> 00:21:48,359
Speaker 5: parents need this money to fix the car, my parents

446
00:21:48,400 --> 00:21:50,720
Speaker 5: need this money to help make sure that like my

447
00:21:50,760 --> 00:21:53,800
Speaker 5: little brother can afford textbooks and lunch. That can go

448
00:21:53,880 --> 00:21:57,520
Speaker 5: into needs. But again, you want to budget for this

449
00:21:57,960 --> 00:22:01,600
Speaker 5: and never ever ever loan money. Only gift.

450
00:22:02,200 --> 00:22:04,679
Speaker 1: And also it kind of makes you think give as

451
00:22:04,760 --> 00:22:05,960
Speaker 1: much as you're willing to lose.

452
00:22:06,440 --> 00:22:09,720
Speaker 5: Yeah, exactly, And frankly, in the first few years of

453
00:22:09,800 --> 00:22:12,719
Speaker 5: your career, very few of us make enough to be

454
00:22:13,000 --> 00:22:16,120
Speaker 5: making a huge meaningful difference. Whereas if we can build

455
00:22:16,119 --> 00:22:19,200
Speaker 5: our own financial foundation in a couple of years, when

456
00:22:19,240 --> 00:22:22,160
Speaker 5: we become you know, a more of a VP level

457
00:22:22,359 --> 00:22:26,320
Speaker 5: or a senior level or even like junior management, you're

458
00:22:26,359 --> 00:22:29,000
Speaker 5: going to have a lot more disposable income to actually

459
00:22:29,119 --> 00:22:32,399
Speaker 5: throw to the people that really really matter to you.

460
00:22:33,840 --> 00:22:36,159
Speaker 3: Let's talk about four oh one k's for a minute,

461
00:22:36,240 --> 00:22:38,160
Speaker 3: a little bit of a pivot. It can be super

462
00:22:38,240 --> 00:22:40,840
Speaker 3: confusing when setting that up, from like selecting you know

463
00:22:40,840 --> 00:22:43,040
Speaker 3: how much of your paycheck you're allocating towards your four

464
00:22:43,080 --> 00:22:45,320
Speaker 3: oh one K to what investment funds you're in. So

465
00:22:45,680 --> 00:22:48,280
Speaker 3: can you break down how you know to set up

466
00:22:48,320 --> 00:22:50,159
Speaker 3: a four one K and the different types, because I

467
00:22:50,200 --> 00:22:52,680
Speaker 3: know that's so confusing, like pre tax roth all the things.

468
00:22:52,720 --> 00:22:57,600
Speaker 5: Yeah, four oh one k's company sponsored employer sponsored retirement

469
00:22:57,680 --> 00:23:01,080
Speaker 5: plans are so awesome and it would be a shame

470
00:23:01,200 --> 00:23:03,639
Speaker 5: for the folks listening to miss out on this. So

471
00:23:03,680 --> 00:23:06,919
Speaker 5: what I always say is take the fifteen minutes. Whoever

472
00:23:07,200 --> 00:23:11,680
Speaker 5: their provider is, go ahead and log in and make

473
00:23:11,720 --> 00:23:15,359
Speaker 5: that account right away. Then find out through your company

474
00:23:15,400 --> 00:23:18,200
Speaker 5: handbook or through the HR benefits team. They typically you know,

475
00:23:18,359 --> 00:23:20,760
Speaker 5: talk to the crew of people who are being onboarded

476
00:23:21,160 --> 00:23:24,639
Speaker 5: what your company matches. If you can contribute and you

477
00:23:24,680 --> 00:23:27,480
Speaker 5: can afford to give up that amount every single month,

478
00:23:28,080 --> 00:23:30,400
Speaker 5: try to contribute as much as your company is willing

479
00:23:30,480 --> 00:23:33,720
Speaker 5: to match, because that is free money, and there are

480
00:23:33,800 --> 00:23:36,160
Speaker 5: very few instances in the finance space where you get

481
00:23:36,200 --> 00:23:39,880
Speaker 5: free money and there's no random, you know, scam happening.

482
00:23:40,200 --> 00:23:42,840
Speaker 5: So truly take advantage of that if you can. And

483
00:23:42,840 --> 00:23:44,560
Speaker 5: then once you get in there, this is the big

484
00:23:44,600 --> 00:23:47,879
Speaker 5: mistake people make. They're contributing those dollars and then they

485
00:23:47,880 --> 00:23:50,800
Speaker 5: don't do anything. They're like, yes, I'm done, I'm investing

486
00:23:50,800 --> 00:23:52,840
Speaker 5: in my foremu one kiit. No you are not. Those

487
00:23:52,880 --> 00:23:56,440
Speaker 5: dollars are sitting in something called cash reserves. Cash reserves

488
00:23:56,560 --> 00:23:58,520
Speaker 5: is the equivalent of you putting that money into a

489
00:23:58,680 --> 00:24:03,040
Speaker 5: savings account and you're not really actually investing. What you

490
00:24:03,080 --> 00:24:06,879
Speaker 5: then need to do is actually choose and pick investments. Obviously,

491
00:24:06,960 --> 00:24:09,159
Speaker 5: every single employer sponsor plan is going to be different.

492
00:24:09,160 --> 00:24:11,800
Speaker 5: Your employer is going to pick what investments are available

493
00:24:11,840 --> 00:24:14,840
Speaker 5: to you. But just as a broad strokes works for

494
00:24:14,880 --> 00:24:17,960
Speaker 5: a lot of people works for most people, is most

495
00:24:17,960 --> 00:24:22,080
Speaker 5: employers will offer target date retirement funds, and essentially how

496
00:24:22,119 --> 00:24:27,000
Speaker 5: these work are their baskets of investments that are diversified

497
00:24:27,080 --> 00:24:29,639
Speaker 5: and risk appropriate based on how far away you are

498
00:24:29,720 --> 00:24:32,320
Speaker 5: from retirement. So what you do is you just choose

499
00:24:32,359 --> 00:24:35,879
Speaker 5: the retirement fund most closely associated to the year that

500
00:24:35,880 --> 00:24:38,639
Speaker 5: you would turn sixty, sixty five, or seventy, depending on

501
00:24:38,680 --> 00:24:41,879
Speaker 5: how aggressive you want to be. But this is just

502
00:24:41,960 --> 00:24:44,000
Speaker 5: a quick, easy way for you to buy one thing

503
00:24:44,200 --> 00:24:47,440
Speaker 5: and essentially be buying hundreds, if not thousands, of actual

504
00:24:47,760 --> 00:24:48,880
Speaker 5: individual assets.

505
00:24:49,920 --> 00:24:52,000
Speaker 3: I appreciate you saying, like, the biggest mistake when it

506
00:24:52,000 --> 00:24:53,560
Speaker 3: comes to form one keys that you can make is

507
00:24:53,680 --> 00:24:56,240
Speaker 3: not setting it up and not choosing your investments. So like,

508
00:24:56,320 --> 00:24:59,600
Speaker 3: whatever you do decide to do is good. I feel

509
00:24:59,600 --> 00:25:01,640
Speaker 3: like it could be overwhelming when there are so many options,

510
00:25:01,680 --> 00:25:03,880
Speaker 3: but it's just about like setting it up and investing

511
00:25:03,880 --> 00:25:06,359
Speaker 3: somewhere and then like assessing it as you know, you

512
00:25:06,400 --> 00:25:07,280
Speaker 3: go throughout your career.

513
00:25:07,960 --> 00:25:11,280
Speaker 1: Yeah, so, Vivian, we have a wonderful segment here called

514
00:25:11,320 --> 00:25:13,760
Speaker 1: Dear Work Investie, and I want to ask you a

515
00:25:13,880 --> 00:25:16,080
Speaker 1: question that we got this week from one of our listeners.

516
00:25:16,400 --> 00:25:18,640
Speaker 1: We get to address the questions from people who listen

517
00:25:18,680 --> 00:25:21,280
Speaker 1: to the show, and this week's comes from Mikayla in

518
00:25:21,320 --> 00:25:22,000
Speaker 1: New Jersey.

519
00:25:22,960 --> 00:25:25,399
Speaker 4: So a lot of my friends talk about investing, and

520
00:25:25,440 --> 00:25:28,280
Speaker 4: I'm interested in getting started, but the idea of it

521
00:25:28,320 --> 00:25:31,480
Speaker 4: is completely overwhelming. I don't know where to begin because

522
00:25:31,520 --> 00:25:34,480
Speaker 4: there's so many options, and I'd prefer to be hands off.

523
00:25:34,880 --> 00:25:37,320
Speaker 4: What's the first step I should take? Are there any

524
00:25:37,320 --> 00:25:40,520
Speaker 4: specific funds or type of investments you would recommend?

525
00:25:41,440 --> 00:25:43,680
Speaker 1: Now, Vivian, you literally just talked about this, But for

526
00:25:43,760 --> 00:25:46,679
Speaker 1: someone like Mikayla who doesn't even know like the first step,

527
00:25:46,920 --> 00:25:47,880
Speaker 1: what would you recommend?

528
00:25:48,480 --> 00:25:51,760
Speaker 5: I would say, you don't need to. You can just

529
00:25:51,960 --> 00:25:55,560
Speaker 5: invest the lazy way. So we're not in our parents'

530
00:25:55,600 --> 00:25:59,200
Speaker 5: generation anymore. And as with everything, technology rules my life,

531
00:26:00,040 --> 00:26:03,640
Speaker 5: and so why not let technology invest on your behalf

532
00:26:03,680 --> 00:26:06,760
Speaker 5: and for you? And so what I recommend is utilize

533
00:26:06,760 --> 00:26:09,479
Speaker 5: something called a robo advisor. If you do not have

534
00:26:09,600 --> 00:26:11,439
Speaker 5: the time to pick investments, you do not have the

535
00:26:11,480 --> 00:26:14,800
Speaker 5: time to be worried about all of this stuff, go

536
00:26:14,840 --> 00:26:20,280
Speaker 5: ahead and just search best robo advisors twenty twenty four

537
00:26:20,800 --> 00:26:23,280
Speaker 5: and you're going to get a list from either like

538
00:26:23,359 --> 00:26:26,000
Speaker 5: nerd wallet or bank rate or something that'll show you

539
00:26:26,080 --> 00:26:28,560
Speaker 5: a bunch of really great options. And what you can

540
00:26:28,560 --> 00:26:31,080
Speaker 5: then do is click in find one that you like

541
00:26:31,119 --> 00:26:33,480
Speaker 5: their user interface. You're going to take a quick quiz

542
00:26:33,520 --> 00:26:35,359
Speaker 5: about your money goals. So how much money do you have,

543
00:26:35,440 --> 00:26:37,240
Speaker 5: how much money do you make every year? Do you

544
00:26:37,320 --> 00:26:39,560
Speaker 5: have any debt? How many kids do you have? If

545
00:26:39,600 --> 00:26:41,520
Speaker 5: you have kids? Where would you eventually like to live?

546
00:26:41,520 --> 00:26:42,359
Speaker 5: When do you want to retire?

547
00:26:42,440 --> 00:26:42,520
Speaker 4: Da?

548
00:26:42,560 --> 00:26:43,240
Speaker 1: Da da da da.

549
00:26:43,520 --> 00:26:46,520
Speaker 5: Then this little technology machine goes through the room and

550
00:26:46,560 --> 00:26:50,639
Speaker 5: it spits out a diversified portfolio based on you, based

551
00:26:50,680 --> 00:26:53,199
Speaker 5: on your age, based on your risk tolerance, based on

552
00:26:53,280 --> 00:26:56,840
Speaker 5: all the things that are important to you. And then

553
00:26:56,960 --> 00:26:59,720
Speaker 5: they send you this questionnaire about every year or too.

554
00:27:00,080 --> 00:27:02,639
Speaker 5: And as you get older and you know, maybe you

555
00:27:02,640 --> 00:27:04,879
Speaker 5: make some more money, or maybe you have an issue

556
00:27:04,920 --> 00:27:07,280
Speaker 5: with you know, losing your job and you're making less money,

557
00:27:07,600 --> 00:27:10,480
Speaker 5: your entire financial picture will continue to change, but your

558
00:27:10,560 --> 00:27:14,040
Speaker 5: portfolio gets to change with you constantly. And it's just

559
00:27:14,080 --> 00:27:16,760
Speaker 5: a great way to get invested within forty five minutes

560
00:27:16,800 --> 00:27:19,119
Speaker 5: and not be stressed about the decisions you're making and

561
00:27:19,200 --> 00:27:21,560
Speaker 5: questioning am I doing the right thing? Oh?

562
00:27:21,600 --> 00:27:23,680
Speaker 1: I love that because it feels it makes you feel

563
00:27:23,720 --> 00:27:26,439
Speaker 1: like you're still doing something, like I'm still involved, but

564
00:27:26,520 --> 00:27:29,160
Speaker 1: also something else is doing a lot of the work

565
00:27:29,200 --> 00:27:31,400
Speaker 1: for me. Oh I like that a lot.

566
00:27:32,240 --> 00:27:34,919
Speaker 3: So is this service like investing on your behalf or

567
00:27:34,960 --> 00:27:38,159
Speaker 3: do you then have to go and like it's recommending this,

568
00:27:38,320 --> 00:27:40,399
Speaker 3: you know, this portfolio for you and then you investor

569
00:27:40,480 --> 00:27:41,560
Speaker 3: or is it doing it all for you?

570
00:27:41,680 --> 00:27:42,720
Speaker 1: Like it's actually is your money?

571
00:27:42,760 --> 00:27:44,760
Speaker 3: No, it does it all for you? Oh amazing, Yeah,

572
00:27:45,080 --> 00:27:48,560
Speaker 3: love that way. So earlier in the in the show,

573
00:27:48,640 --> 00:27:53,159
Speaker 3: I talked about money dysmorphia. How does that impact money management?

574
00:27:53,240 --> 00:27:54,879
Speaker 3: And then what's your advice on addressing it.

575
00:27:55,359 --> 00:27:58,320
Speaker 5: I think so many of us have money dysmorphia because

576
00:27:58,800 --> 00:28:03,160
Speaker 5: so many of our relationships with money were dictated based

577
00:28:03,200 --> 00:28:06,119
Speaker 5: on our childhoods. You learn so many of your money

578
00:28:06,160 --> 00:28:08,880
Speaker 5: behaviors from your family, the people you grew up with,

579
00:28:09,320 --> 00:28:12,119
Speaker 5: and maybe they were dealing with something that is not

580
00:28:12,160 --> 00:28:14,719
Speaker 5: even relevant to your life now, but is something that

581
00:28:14,760 --> 00:28:18,000
Speaker 5: is still really, really hard and this impacts people of color,

582
00:28:18,160 --> 00:28:21,720
Speaker 5: immigrant children the hardest. I say that as someone who

583
00:28:21,840 --> 00:28:25,480
Speaker 5: has money dysmorphia, I am in a very different financial

584
00:28:25,480 --> 00:28:28,840
Speaker 5: position now than I was in my early twenties, and

585
00:28:29,080 --> 00:28:31,359
Speaker 5: that is a completely different financial position than my parents

586
00:28:31,400 --> 00:28:34,360
Speaker 5: have ever been in. You know, my parents were the immigrants,

587
00:28:34,400 --> 00:28:37,280
Speaker 5: like they came over I'm first gen and so they

588
00:28:37,320 --> 00:28:40,480
Speaker 5: were constantly worried about scrimping and saving and stuffing money

589
00:28:40,520 --> 00:28:42,760
Speaker 5: under the mattress because they always felt like the other

590
00:28:42,800 --> 00:28:45,120
Speaker 5: shoe was going to drop. You know. They were here

591
00:28:45,160 --> 00:28:48,680
Speaker 5: to survive. But I'm entitled. I was born here, I

592
00:28:48,680 --> 00:28:50,760
Speaker 5: have a blue passport. What are you going to do? Like,

593
00:28:51,080 --> 00:28:53,880
Speaker 5: I am here to thrive, not just survive. But it

594
00:28:54,000 --> 00:28:56,280
Speaker 5: takes a little bit of work on that part to

595
00:28:56,400 --> 00:29:00,400
Speaker 5: remember that, because sometimes, even now, knowing how comfort I

596
00:29:00,440 --> 00:29:03,440
Speaker 5: am in my finances, I'll look at something and belabor

597
00:29:03,440 --> 00:29:05,040
Speaker 5: a decision of should I get it, should I not?

598
00:29:05,600 --> 00:29:08,880
Speaker 5: For hours and then I'm like, on seventeen different websites

599
00:29:08,920 --> 00:29:11,560
Speaker 5: comparing prices seeing where I can do this, that I

600
00:29:11,600 --> 00:29:14,400
Speaker 5: wasted three hours of my time. And I think the

601
00:29:14,400 --> 00:29:18,040
Speaker 5: most valuable thing we need to remember is that, like, ultimately,

602
00:29:18,760 --> 00:29:21,720
Speaker 5: we do not need to let anybody else be the

603
00:29:21,720 --> 00:29:23,040
Speaker 5: main character in our life.

604
00:29:23,240 --> 00:29:24,040
Speaker 1: This is our story.

605
00:29:24,080 --> 00:29:27,600
Speaker 5: We hold the pen. And when it comes to money dysmorphia,

606
00:29:27,680 --> 00:29:30,280
Speaker 5: I think looking at the numbers, as scary as that

607
00:29:30,320 --> 00:29:33,440
Speaker 5: may be, sometimes is one of the most healing and

608
00:29:33,640 --> 00:29:37,600
Speaker 5: honest reflections of what your financial picture actually is versus

609
00:29:37,920 --> 00:29:40,800
Speaker 5: I think I'm doing really badly, or versus the opposite.

610
00:29:40,840 --> 00:29:42,480
Speaker 5: The flip side is like you think you're doing great

611
00:29:42,480 --> 00:29:44,640
Speaker 5: when in fact you've got four dollars and you're about

612
00:29:44,680 --> 00:29:47,400
Speaker 5: to overdraft. So it's just really important to look at

613
00:29:47,400 --> 00:29:50,000
Speaker 5: the numbers because you can lie to yourself, but the

614
00:29:50,080 --> 00:29:51,000
Speaker 5: numbers won't lie to you.

615
00:29:51,560 --> 00:29:53,360
Speaker 3: I appreciate you saying that because I feel like so

616
00:29:53,400 --> 00:29:55,480
Speaker 3: many people around my age are scared to look at

617
00:29:55,520 --> 00:29:57,840
Speaker 3: their finances. Like, honestly, me included, like I earn a

618
00:29:57,840 --> 00:30:00,520
Speaker 3: good salary, but if you said Gianna gol and like

619
00:30:00,720 --> 00:30:03,080
Speaker 3: see how much is coming in and alley, it literally

620
00:30:03,080 --> 00:30:04,760
Speaker 3: makes me want to throw up. So I feel like

621
00:30:04,880 --> 00:30:07,080
Speaker 3: it's all about just like level setting with yourself, like

622
00:30:07,080 --> 00:30:09,840
Speaker 3: stop lying to yourself, and then you know it will

623
00:30:09,840 --> 00:30:13,320
Speaker 3: help you stop losing so much sanity over some decisions.

624
00:30:13,760 --> 00:30:17,880
Speaker 1: Yeah, I agree, Vivian, this was so fun. Oh my goodness,

625
00:30:18,000 --> 00:30:22,200
Speaker 1: thank you so much. If y'all are not following Vivian

626
00:30:22,200 --> 00:30:24,720
Speaker 1: by now, are you living under a rock? Do you

627
00:30:24,800 --> 00:30:28,920
Speaker 1: have findance? But where can the people find you?

628
00:30:28,920 --> 00:30:31,560
Speaker 5: You? Guys can find me across all social media, whatever

629
00:30:31,640 --> 00:30:35,240
Speaker 5: is your favorite platform as your rich bff. I'm teaching

630
00:30:35,320 --> 00:30:38,360
Speaker 5: you all personal finance there as well as my book.

631
00:30:38,440 --> 00:30:41,400
Speaker 5: It's titled rich AF The Winning Money Mindset That'll Change

632
00:30:41,400 --> 00:30:45,080
Speaker 5: your life. But if you go to RICHAF dot me, yes,

633
00:30:45,120 --> 00:30:48,200
Speaker 5: I made the rl a manifestation, you can grab a copy.

634
00:30:48,440 --> 00:30:52,800
Speaker 3: I love that manifest That money y'all yet amazing. Thank

635
00:30:52,840 --> 00:30:54,760
Speaker 3: you so much, Vivian. I love this conversation. I have

636
00:30:54,800 --> 00:30:56,560
Speaker 3: like a million more questions I can ask you, but

637
00:30:56,760 --> 00:30:57,840
Speaker 3: that's all we got for today.

638
00:30:58,160 --> 00:30:59,440
Speaker 5: Thank you guys so much for having me.

639
00:31:01,080 --> 00:31:04,200
Speaker 3: Ooh, lots of great tips from Vivian. That combo makes

640
00:31:04,240 --> 00:31:05,640
Speaker 3: me want to see how my four oh one k

641
00:31:05,800 --> 00:31:08,520
Speaker 3: is doing right now. Actually, I'm kind of scared. After

642
00:31:08,560 --> 00:31:11,480
Speaker 3: the break, every workplace has a apper. Is it you

643
00:31:12,000 --> 00:31:20,440
Speaker 3: that's next? Seriously, that was just not enough time with

644
00:31:20,440 --> 00:31:20,920
Speaker 3: a Vivian.

645
00:31:21,120 --> 00:31:24,960
Speaker 1: I my mind is blown. I have so many more questions.

646
00:31:25,040 --> 00:31:27,240
Speaker 1: I felt like I was doing well until she started talking,

647
00:31:27,240 --> 00:31:28,920
Speaker 1: and then I'm like, Wow, there's a lot of work

648
00:31:28,960 --> 00:31:29,560
Speaker 1: to be done.

649
00:31:29,680 --> 00:31:31,760
Speaker 3: I think the biggest things I'm taking away from our

650
00:31:31,800 --> 00:31:36,440
Speaker 3: conversation one being her fifty thirty twenty budgeting framework. Seems

651
00:31:36,480 --> 00:31:38,760
Speaker 3: like it easy first step. I can definitely do that,

652
00:31:39,520 --> 00:31:43,160
Speaker 3: but the way to get there is my second takeaway,

653
00:31:43,280 --> 00:31:46,560
Speaker 3: Look at your finances. I think it's time I need

654
00:31:46,600 --> 00:31:51,000
Speaker 3: to like audit myself and really just yeah, I got

655
00:31:51,040 --> 00:31:52,600
Speaker 3: I gotta, I gotta face the music.

656
00:31:52,800 --> 00:31:55,040
Speaker 1: Yeah. I think we have to see our finances as

657
00:31:55,040 --> 00:31:58,960
Speaker 1: our companions. It's time to spend some time with them.

658
00:31:59,720 --> 00:32:03,480
Speaker 1: Why right, So we have no money for that, no money,

659
00:32:04,640 --> 00:32:09,560
Speaker 1: no money for the wine. For me, I really loved

660
00:32:09,640 --> 00:32:12,280
Speaker 1: the tips that she shared, particularly for communities of color,

661
00:32:12,600 --> 00:32:14,800
Speaker 1: and the pressure that happens when you are trying to

662
00:32:14,840 --> 00:32:18,040
Speaker 1: support a lot of people. You can, but sometimes it's

663
00:32:18,080 --> 00:32:20,720
Speaker 1: good to enforce those boundaries and also know maybe I

664
00:32:20,720 --> 00:32:22,520
Speaker 1: can't give you too much now, but I can give

665
00:32:22,520 --> 00:32:25,320
Speaker 1: it to you later. Look at these things as gifts

666
00:32:25,560 --> 00:32:26,600
Speaker 1: and not loans.

667
00:32:26,680 --> 00:32:27,240
Speaker 5: I like that.

668
00:32:27,360 --> 00:32:30,480
Speaker 1: Yeah. Another thing that I think was really resonant for

669
00:32:30,560 --> 00:32:33,600
Speaker 1: me was this idea of asking for the money even

670
00:32:33,600 --> 00:32:35,360
Speaker 1: if you know you're not going to get it, Even if,

671
00:32:35,520 --> 00:32:38,480
Speaker 1: for instance, you're not in an annual review cycle where

672
00:32:38,480 --> 00:32:40,560
Speaker 1: their money is a flowing, you're not up for promotion.

673
00:32:40,960 --> 00:32:43,360
Speaker 1: It is so good to document and to ask for

674
00:32:43,400 --> 00:32:46,640
Speaker 1: the money because the inflation rate is not enough's high.

675
00:32:47,760 --> 00:32:50,040
Speaker 3: I want to add that I'm taking away from you

676
00:32:50,080 --> 00:32:53,160
Speaker 3: that putting it in your performance review brilliant thought about

677
00:32:53,200 --> 00:32:53,520
Speaker 3: doing that?

678
00:32:53,560 --> 00:32:55,520
Speaker 1: Why not add a little razzle dazzle up in there,

679
00:32:55,560 --> 00:32:56,200
Speaker 1: little season.

680
00:32:56,440 --> 00:32:59,960
Speaker 3: Yeah, I've never asked for a raise, So we're gonna stop.

681
00:33:00,080 --> 00:33:03,360
Speaker 3: That's a conversation for another anyways.

682
00:33:03,840 --> 00:33:06,800
Speaker 1: Anyways, so we are now going to toss it over

683
00:33:06,960 --> 00:33:09,680
Speaker 1: and to show the risk sipts. This is a segment

684
00:33:09,680 --> 00:33:11,040
Speaker 1: where we get to take a look at some of

685
00:33:11,080 --> 00:33:14,040
Speaker 1: the headlines and the workplace trends. Maybe Eve had some

686
00:33:14,120 --> 00:33:17,280
Speaker 1: office myths and see if there's any truth to them.

687
00:33:17,400 --> 00:33:17,880
Speaker 3: I love it.

688
00:33:18,080 --> 00:33:19,760
Speaker 1: Gee, what are we talking about today?

689
00:33:19,800 --> 00:33:23,000
Speaker 3: All right? We're talking about gen z ors loving yapping

690
00:33:23,240 --> 00:33:24,560
Speaker 3: in the office. Do you know what that means? Do

691
00:33:24,600 --> 00:33:25,440
Speaker 3: you know what a yapper is?

692
00:33:26,160 --> 00:33:28,400
Speaker 1: I know what? My definition is? Someone who just talk

693
00:33:28,480 --> 00:33:30,440
Speaker 1: a whole lot, right, Like it's just like yep, yep.

694
00:33:30,320 --> 00:33:32,360
Speaker 3: Yeah, ramble, ramble nothing important.

695
00:33:32,400 --> 00:33:33,720
Speaker 1: Oh yeah, here's the thing.

696
00:33:33,720 --> 00:33:36,080
Speaker 3: It's not really like a new term, but gen Z

697
00:33:36,200 --> 00:33:37,640
Speaker 3: you know, that's the whole thing with us. It's like

698
00:33:37,680 --> 00:33:45,240
Speaker 3: we're just rebranding. It all comes back fun title generation exactly.

699
00:33:45,320 --> 00:33:48,360
Speaker 3: If you guys remember our side Hustle episode with Janie

700
00:33:48,400 --> 00:33:51,400
Speaker 3: and she called herself a certified yapper, which I feel

701
00:33:51,520 --> 00:33:53,920
Speaker 3: like I felt seen in that she woren't proudly yeah,

702
00:33:53,960 --> 00:33:56,200
Speaker 3: and as you should. You know, there's a lot of

703
00:33:56,240 --> 00:33:59,840
Speaker 3: TikTok videos, a lot of articles out there about gen

704
00:34:00,080 --> 00:34:03,560
Speaker 3: Ze calling themselves certified yappers at work, and then there's

705
00:34:03,600 --> 00:34:05,880
Speaker 3: been a lot of reports like is that good in

706
00:34:05,960 --> 00:34:08,880
Speaker 3: the workplace? Right? So some people don't mind it, some

707
00:34:08,920 --> 00:34:12,400
Speaker 3: people are like, shut up. So I'm wondering, do you

708
00:34:12,400 --> 00:34:14,880
Speaker 3: consider yourself the apper? And does the yapping belong in

709
00:34:14,920 --> 00:34:15,440
Speaker 3: the workplace?

710
00:34:15,520 --> 00:34:18,239
Speaker 1: Okay, So before I answer, let's just put some clarity here.

711
00:34:18,280 --> 00:34:20,960
Speaker 1: So a yapper is someone who talks a lot. Are

712
00:34:20,960 --> 00:34:23,719
Speaker 1: they talking about something important or they're just talking just

713
00:34:23,719 --> 00:34:24,720
Speaker 1: to hear themselves talk.

714
00:34:24,800 --> 00:34:27,239
Speaker 3: Okay, So I've definitely like called myself a yapper. But

715
00:34:27,280 --> 00:34:30,080
Speaker 3: I think like in the context of work, the way

716
00:34:30,120 --> 00:34:33,479
Speaker 3: that yapping is being portrayed now is like gen Z's

717
00:34:33,520 --> 00:34:36,400
Speaker 3: coming to work. You know, we've been socially isolated for

718
00:34:36,400 --> 00:34:38,760
Speaker 3: a minute, so we're coming in. We want to talk.

719
00:34:38,960 --> 00:34:42,359
Speaker 3: Sometimes it's not the most important thing, perhaps, but we're

720
00:34:42,440 --> 00:34:45,120
Speaker 3: just we're just letting it, you know, flow got it

721
00:34:45,600 --> 00:34:48,280
Speaker 3: because we're kind of craving, you know, that connection.

722
00:34:48,600 --> 00:34:50,600
Speaker 1: Sort of a thing of like you want the interaction

723
00:34:50,719 --> 00:34:54,920
Speaker 1: with people, so you'll just kind of talk just to yeah, no, no.

724
00:34:54,760 --> 00:34:59,719
Speaker 3: No no. It reminds me like I hate no no, no, no.

725
00:34:59,200 --> 00:35:02,160
Speaker 1: No no a lot of like when people create small talk

726
00:35:02,320 --> 00:35:05,320
Speaker 1: just to do it. It makes me feel like, Okay,

727
00:35:05,400 --> 00:35:07,760
Speaker 1: like if you want to talk about something valuable or important,

728
00:35:07,760 --> 00:35:09,200
Speaker 1: and I mean I'm not saying like those are not,

729
00:35:09,360 --> 00:35:13,200
Speaker 1: but like I don't want to force conversation just because

730
00:35:13,239 --> 00:35:16,560
Speaker 1: you want interaction, but I also can understand why someone

731
00:35:16,560 --> 00:35:18,600
Speaker 1: would want to do that. That's why I have my

732
00:35:18,640 --> 00:35:21,759
Speaker 1: headphones at my desk that I put them on the

733
00:35:21,800 --> 00:35:23,640
Speaker 1: over the ear kind so you kind of miss them.

734
00:35:23,800 --> 00:35:26,040
Speaker 3: I was trying to yap to Jamay and she could

735
00:35:26,040 --> 00:35:27,560
Speaker 3: not hear me because they were noise canceling.

736
00:35:27,640 --> 00:35:29,720
Speaker 1: Absolutely not anything.

737
00:35:29,760 --> 00:35:32,160
Speaker 3: I would like consider myself a yap or honestly, like,

738
00:35:32,239 --> 00:35:34,799
Speaker 3: I'm not ashamed. I do think I can yap, but

739
00:35:34,840 --> 00:35:37,880
Speaker 3: it's situational. Like if I'm at work and I'm like

740
00:35:38,160 --> 00:35:40,120
Speaker 3: at my desk and I'm in the zone, there's a

741
00:35:40,400 --> 00:35:41,880
Speaker 3: there's a time and place, is what I'm gonna say

742
00:35:41,920 --> 00:35:44,480
Speaker 3: for yapping, right, Like if we're walking to get coffee,

743
00:35:45,000 --> 00:35:48,319
Speaker 3: maybe I'm blabbling to you. Maybe we're like having a

744
00:35:48,600 --> 00:35:53,040
Speaker 3: offline you know, conversation. Fine, we're yapping, but like at

745
00:35:53,040 --> 00:35:55,560
Speaker 3: my desk, come up and dest bond me and start yapping.

746
00:35:55,600 --> 00:35:58,000
Speaker 3: Oh my god. No, I'm overstimulated as is and now

747
00:35:58,120 --> 00:35:58,720
Speaker 3: I'm crashing.

748
00:35:58,760 --> 00:36:01,080
Speaker 1: And also I just want to size this for all

749
00:36:01,120 --> 00:36:02,719
Speaker 1: of you morning yappers.

750
00:36:02,880 --> 00:36:05,359
Speaker 3: Count your days. I'm a morning person, but don't talk

751
00:36:05,400 --> 00:36:06,640
Speaker 3: to me before I have my co do.

752
00:36:06,680 --> 00:36:10,160
Speaker 1: Not like the eight o'clockers who are like, oh my god,

753
00:36:10,200 --> 00:36:12,040
Speaker 1: let me tell you about everything that's happening in the

754
00:36:12,040 --> 00:36:14,400
Speaker 1: world and how I want to like solve for world hunger.

755
00:36:14,640 --> 00:36:17,759
Speaker 1: Save it for none, not even noon, not even noone,

756
00:36:17,760 --> 00:36:21,879
Speaker 1: because I'm going to lunch, like please save it. Yeah no, no,

757
00:36:22,000 --> 00:36:24,480
Speaker 1: I think the apping can be effective, but I think

758
00:36:24,520 --> 00:36:32,680
Speaker 1: even more effective is intentional networking, coming in with an

759
00:36:32,719 --> 00:36:34,120
Speaker 1: intention and setting the goal.

760
00:36:34,560 --> 00:36:34,759
Speaker 2: Yeah.

761
00:36:34,760 --> 00:36:35,200
Speaker 1: I like that.

762
00:36:35,360 --> 00:36:37,000
Speaker 3: Yeah, you just got to be mindful of other people

763
00:36:37,040 --> 00:36:39,440
Speaker 3: in their time, like people you know not always open

764
00:36:39,480 --> 00:36:39,960
Speaker 3: to the apping.

765
00:36:40,040 --> 00:36:43,160
Speaker 1: Yeah no, no, no, no, no, no, Well I would love

766
00:36:43,239 --> 00:36:45,839
Speaker 1: to know if you all are certified yappers or if

767
00:36:45,880 --> 00:36:47,560
Speaker 1: you guys are sort of a let me put my

768
00:36:47,600 --> 00:36:50,720
Speaker 1: headphones on. I'm gonna skip the app in more dap

769
00:36:50,800 --> 00:36:54,279
Speaker 1: for the tap like to may But anyway, guys, let

770
00:36:54,360 --> 00:36:55,960
Speaker 1: us know. We would love to know. And thank you

771
00:36:56,040 --> 00:36:58,480
Speaker 1: guys so much for listening to this week's episode.

772
00:36:58,840 --> 00:37:01,160
Speaker 3: And make sure you guys are following our newsletter. Let's

773
00:37:01,200 --> 00:37:03,680
Speaker 3: talk offline. We go even deeper into the topics we

774
00:37:03,760 --> 00:37:06,480
Speaker 3: discussed on the pad. There's some exclusive content, all the

775
00:37:06,520 --> 00:37:08,719
Speaker 3: fun things. The link to the newsletter will be in

776
00:37:08,760 --> 00:37:10,719
Speaker 3: the show description. You can also find it on my

777
00:37:10,920 --> 00:37:13,239
Speaker 3: LinkedIn bio. It's called you Guessed It.

778
00:37:13,680 --> 00:37:19,160
Speaker 1: Let's Talk offline, avum, guards, flowers and spring breaking.

779
00:37:19,800 --> 00:37:20,000
Speaker 2: Well.

780
00:37:20,040 --> 00:37:22,680
Speaker 1: Also, thank you so much to MICHAELA for sending in

781
00:37:22,719 --> 00:37:26,120
Speaker 1: your listener question. You all can also send us your questions.

782
00:37:26,160 --> 00:37:28,360
Speaker 1: You don't have to be shy, okay, Gianna and I

783
00:37:28,400 --> 00:37:30,360
Speaker 1: want to hear from you. Information on how to do

784
00:37:30,400 --> 00:37:33,480
Speaker 1: that is also in the show description. I always tell

785
00:37:33,520 --> 00:37:35,759
Speaker 1: you all this because I know somebody is gonna hop

786
00:37:35,800 --> 00:37:38,640
Speaker 1: it on emails at LinkedIn. Where can I find go?

787
00:37:38,800 --> 00:37:41,400
Speaker 1: Look in the show description. I love you, besty, but

788
00:37:41,440 --> 00:37:42,720
Speaker 1: go look in the show description.

789
00:37:43,400 --> 00:37:46,400
Speaker 3: Also, guys, one last thing, make sure you rate and

790
00:37:46,440 --> 00:37:49,200
Speaker 3: follow the show. We'd love to hear from you, all right,

791
00:37:49,239 --> 00:37:52,640
Speaker 3: before you go, remember We've always got your back, and

792
00:37:52,680 --> 00:37:56,680
Speaker 3: if something comes up, Let's Talk Offline. I'm Giana Prenti.

793
00:37:56,560 --> 00:38:00,480
Speaker 1: And I'm the not Yapper Today Jackson Gads stay Thriving.

794
00:38:02,880 --> 00:38:05,319
Speaker 3: Let's Talk Offline is a production of LinkedIn News and

795
00:38:05,360 --> 00:38:09,000
Speaker 3: iHeart Podcasts. The show is produced by Western Sound. Our

796
00:38:09,040 --> 00:38:12,400
Speaker 3: producer is Sabrina Fang. The show is edited by Savannah Wright.

797
00:38:12,600 --> 00:38:16,360
Speaker 3: Our associate producer is Sarah Dealey. Alex mckinnis is our engineer,

798
00:38:16,640 --> 00:38:18,720
Speaker 3: and Ben Adair is the executive producer.

799
00:38:19,360 --> 00:38:23,760
Speaker 1: Executive producers at iHeart Podcasts are Katrina Norvel and Nikki Etour.

800
00:38:24,320 --> 00:38:28,080
Speaker 1: We got support from LinkedIn's Jesse Humple, Sarah Storm, and

801
00:38:28,320 --> 00:38:32,839
Speaker 1: Ayana Angel. Maya Pope. Chappelle is director of Content, Dave

802
00:38:32,880 --> 00:38:36,000
Speaker 1: Pond is Head of News Production, Courtney Coop is Head

803
00:38:36,040 --> 00:38:39,320
Speaker 1: of Original Programming, and Dan Roth is the editor in

804
00:38:39,400 --> 00:38:40,280
Speaker 1: chief of LinkedIn