1 00:00:15,880 --> 00:00:20,160 Speaker 1: Hey, hey, Hey, I'm back. I'm black and I'm brown. 2 00:00:20,440 --> 00:00:22,800 Speaker 2: Hey, mandra Oh I missed you so much. 3 00:00:24,640 --> 00:00:26,760 Speaker 1: Oh my god, it feels so weird being back in 4 00:00:26,760 --> 00:00:29,000 Speaker 1: my bed talking on my computer. 5 00:00:30,760 --> 00:00:31,920 Speaker 2: Budget puff. 6 00:00:33,640 --> 00:00:36,120 Speaker 1: You know, it's crazy because honestly, I didn't, Like usually 7 00:00:36,120 --> 00:00:38,640 Speaker 1: for a vacation, you go somewhere, and I didn't go anywhere, 8 00:00:38,680 --> 00:00:40,600 Speaker 1: and it was exactly the vacation I needed. 9 00:00:41,000 --> 00:00:42,720 Speaker 2: That sounds awesome, Yeah. 10 00:00:42,520 --> 00:00:44,560 Speaker 1: I didn't. I took a social media break too, which 11 00:00:44,640 --> 00:00:50,640 Speaker 1: was honestly everything, because I didn't realize how stressful Instagram, 12 00:00:50,720 --> 00:00:54,040 Speaker 1: especially Facebook. Yes, but Instagram is honestly kind of stressful. 13 00:00:54,760 --> 00:00:57,120 Speaker 2: Oh, I one hundred percent think I agree with you. 14 00:00:57,200 --> 00:00:59,280 Speaker 2: I take my own like little breaks after work. 15 00:01:00,680 --> 00:01:02,200 Speaker 1: So it was just it was just nice to just 16 00:01:02,280 --> 00:01:04,280 Speaker 1: take a full break, like I went for a walk. 17 00:01:04,360 --> 00:01:05,960 Speaker 1: So it was like I had like a list of 18 00:01:06,040 --> 00:01:07,440 Speaker 1: like things I wanted to do. It's like I want 19 00:01:07,480 --> 00:01:09,800 Speaker 1: to get my nails done, I want to get I 20 00:01:09,800 --> 00:01:12,399 Speaker 1: want to wash my hair, I want to get my 21 00:01:12,480 --> 00:01:14,600 Speaker 1: hair retightened, like I had like these little I want 22 00:01:14,600 --> 00:01:16,880 Speaker 1: to get a massage, and so I want to take 23 00:01:16,920 --> 00:01:19,000 Speaker 1: a walk in the park. And because right now in 24 00:01:19,040 --> 00:01:22,399 Speaker 1: Newark and some it's cherry blossom seasons. Newark has the 25 00:01:22,480 --> 00:01:24,839 Speaker 1: largest amount of cherry blossom trees in the United States 26 00:01:24,880 --> 00:01:28,440 Speaker 1: and one concentrated area. So it's when I say beautiful, Mandy, 27 00:01:28,440 --> 00:01:33,040 Speaker 1: it looks like a like a wonderland. And so yeah, 28 00:01:33,120 --> 00:01:36,520 Speaker 1: it was just it was exactly what I needed. No emails, no, 29 00:01:36,680 --> 00:01:39,600 Speaker 1: you know, work conversations. I mean, Superman and I went 30 00:01:39,640 --> 00:01:41,640 Speaker 1: on several dates. It was just really nice. 31 00:01:42,000 --> 00:01:43,840 Speaker 2: Oh, I'm so glad that you had some time to 32 00:01:43,920 --> 00:01:48,320 Speaker 2: recharge and reboot yourself. It seems like the perfect time too, 33 00:01:48,400 --> 00:01:50,600 Speaker 2: right before spring really gets underway. 34 00:01:51,160 --> 00:01:51,360 Speaker 3: Yeah. 35 00:01:51,360 --> 00:01:53,480 Speaker 1: So what were you guys up to when I was galaxies? 36 00:01:53,680 --> 00:01:55,960 Speaker 2: Oh you know, we uh, we cheated on you a 37 00:01:55,960 --> 00:01:58,640 Speaker 2: little bit. We had Lynette California Cocks on the show 38 00:01:58,760 --> 00:02:01,440 Speaker 2: last week. We had Marcus scared from paychecks and balances. 39 00:02:01,440 --> 00:02:05,600 Speaker 2: So thank you to them for coming through and filling 40 00:02:05,600 --> 00:02:07,840 Speaker 2: in your massive shoes. They did their best. 41 00:02:08,360 --> 00:02:10,200 Speaker 1: Oh well, I mean I already know, I mean, let 42 00:02:10,560 --> 00:02:13,760 Speaker 1: no shade to Marcus. But Lynette, I know, she's a beast. 43 00:02:13,760 --> 00:02:17,360 Speaker 1: That's my that's my mentor oursel. I'm like what Lonette? 44 00:02:18,040 --> 00:02:21,519 Speaker 2: Yes, love it and best wishes to Sandy again. Sandy 45 00:02:21,560 --> 00:02:23,760 Speaker 2: Smith of yes, I am cheap. I'm definitely gonna try 46 00:02:23,760 --> 00:02:25,640 Speaker 2: and get her on the show again, because I've been 47 00:02:25,639 --> 00:02:27,760 Speaker 2: trying to make this happen forever, but fate just keeps 48 00:02:28,000 --> 00:02:31,480 Speaker 2: getting on our way. I hope Sandy is recovering well 49 00:02:31,520 --> 00:02:34,240 Speaker 2: at the hospital and her health is obviously top priority. 50 00:02:34,600 --> 00:02:38,320 Speaker 2: M hm, cool, let's get back in the groove. What's happening. 51 00:02:38,360 --> 00:02:41,120 Speaker 2: I read a story today that millennials lie on their resumes, 52 00:02:41,160 --> 00:02:44,200 Speaker 2: and I just have to say, you guys, don't do it. 53 00:02:44,760 --> 00:02:46,960 Speaker 2: I've literally gotten to a point where I have like 54 00:02:47,080 --> 00:02:50,360 Speaker 2: hired a candidate, like given them an offer letter, they've signed, 55 00:02:50,800 --> 00:02:53,080 Speaker 2: and then you know what happens after that point is 56 00:02:53,160 --> 00:02:55,799 Speaker 2: a background check happens like that's what companies do with 57 00:02:55,880 --> 00:02:58,040 Speaker 2: the stage. Once you've signed the offer letter, then there's 58 00:02:58,080 --> 00:03:00,959 Speaker 2: like the asterisk of you know, ending the background check 59 00:03:01,360 --> 00:03:04,440 Speaker 2: and they will check your damn resume and your LinkedIn 60 00:03:04,480 --> 00:03:08,320 Speaker 2: profile versus records. And you know, we had to rescind 61 00:03:08,360 --> 00:03:10,760 Speaker 2: an offer to some candidate who lied on her resume 62 00:03:10,800 --> 00:03:13,200 Speaker 2: about completing a master's degree which had nothing to do 63 00:03:13,280 --> 00:03:17,720 Speaker 2: with a job that she applied for. It was like crazy, Ugh, 64 00:03:17,880 --> 00:03:19,880 Speaker 2: she put it on LinkedIn and she put it. It would 65 00:03:19,880 --> 00:03:21,200 Speaker 2: have been one thing if she for you know, put 66 00:03:21,200 --> 00:03:22,720 Speaker 2: it on LinkedIn, but she put it also on the 67 00:03:22,760 --> 00:03:27,079 Speaker 2: actual application form for the job, and for that reason 68 00:03:27,120 --> 00:03:29,440 Speaker 2: she had to. She didn't get the. 69 00:03:29,480 --> 00:03:32,760 Speaker 1: Job, carringing, Oh my god, that's a big thing to 70 00:03:32,800 --> 00:03:33,320 Speaker 1: lie about. 71 00:03:33,800 --> 00:03:34,359 Speaker 3: It's huge. 72 00:03:34,480 --> 00:03:36,360 Speaker 2: I'm not gonna lie. I went to my LinkedIn page 73 00:03:36,440 --> 00:03:37,800 Speaker 2: because I understand there's like this. 74 00:03:37,880 --> 00:03:38,240 Speaker 1: I don't know. 75 00:03:38,320 --> 00:03:41,400 Speaker 2: There's just this human instinct to just over it like hype, 76 00:03:41,600 --> 00:03:45,400 Speaker 2: like to be hyperbolic, or like overinflate your credentials. I 77 00:03:45,400 --> 00:03:47,640 Speaker 2: think we all do when we're telling stories about ourselves. 78 00:03:47,640 --> 00:03:50,440 Speaker 2: You know, everyone has that mom or that auntie who exaggerates. 79 00:03:50,840 --> 00:03:53,320 Speaker 2: It's just this human instinct. But you have to check 80 00:03:53,360 --> 00:03:56,520 Speaker 2: it when it comes to your professional your professional credentials, 81 00:03:56,680 --> 00:03:59,840 Speaker 2: especially on you know, platforms like LinkedIn or in a 82 00:04:00,080 --> 00:04:04,160 Speaker 2: hundred percent on applications, because like, one, why set people 83 00:04:04,240 --> 00:04:06,360 Speaker 2: up for disappointment when they find out who you really are? 84 00:04:06,640 --> 00:04:09,920 Speaker 2: And two it's just it's gonna it's just so embarrassing 85 00:04:09,920 --> 00:04:12,040 Speaker 2: and it's going to blacklist you forever from that company. 86 00:04:12,680 --> 00:04:14,360 Speaker 2: If you let that happen. 87 00:04:14,640 --> 00:04:21,279 Speaker 1: It doesn't end well yikes, no, man, Well, uh, poor Paris. 88 00:04:21,320 --> 00:04:24,120 Speaker 1: I was like, what, no, todam what happened? 89 00:04:25,279 --> 00:04:26,760 Speaker 2: And it seems like I don't think they know, but 90 00:04:26,800 --> 00:04:29,760 Speaker 2: it's I'm I'm glad that at least to hear that 91 00:04:29,839 --> 00:04:32,840 Speaker 2: it wasn't as bad, like the whole structure wasn't damaged. 92 00:04:33,839 --> 00:04:36,320 Speaker 1: Yes, but I was definitely like the pictures of seeing 93 00:04:36,360 --> 00:04:39,800 Speaker 1: people's faces, it just it was. It was, honestly. I 94 00:04:39,800 --> 00:04:42,359 Speaker 1: mean so many people were just like outside watching and 95 00:04:42,400 --> 00:04:44,680 Speaker 1: they just looked just devastated, you know. 96 00:04:45,480 --> 00:04:45,680 Speaker 3: Yeah. 97 00:04:45,680 --> 00:04:47,320 Speaker 2: I was trying to think of like the equivalent. 98 00:04:47,440 --> 00:04:49,120 Speaker 1: I was trying to think of a house of worship 99 00:04:49,120 --> 00:04:51,120 Speaker 1: where I was like or just even just like a 100 00:04:51,200 --> 00:04:55,039 Speaker 1: structure in general that people would be devastated, like oh 101 00:04:55,120 --> 00:04:56,760 Speaker 1: my goodness. And I really I don't know that we 102 00:04:56,800 --> 00:04:58,000 Speaker 1: have any the equivalent to that. 103 00:04:59,080 --> 00:05:01,400 Speaker 2: I mean, yeah, I mean it wasn't a terror attack. 104 00:05:01,520 --> 00:05:03,640 Speaker 2: He can't really equate it to the World Trade Center. 105 00:05:04,440 --> 00:05:07,240 Speaker 2: But Empire of State building a statue of liberty. You know, 106 00:05:07,279 --> 00:05:10,279 Speaker 2: they're not of worship, but they're iconic. 107 00:05:11,480 --> 00:05:13,120 Speaker 1: But I feel like it's a statue of liberty caught 108 00:05:13,160 --> 00:05:15,520 Speaker 1: fire because you know what it is, Because it's not 109 00:05:15,680 --> 00:05:19,640 Speaker 1: like I feel like the statue of liberty I don't know. 110 00:05:19,720 --> 00:05:21,880 Speaker 1: I mean, it's not like housing these like you know, 111 00:05:21,920 --> 00:05:25,920 Speaker 1: antiquities of like seventeen seventy. You know. I feel like 112 00:05:25,960 --> 00:05:28,000 Speaker 1: with the Statue of Liberty, we'd be like, whoa the 113 00:05:28,000 --> 00:05:29,960 Speaker 1: statue of Liberty, but they put it back up, you know. 114 00:05:30,680 --> 00:05:33,359 Speaker 2: Yeah, I mean it's all selling. Jesus Christ wore the 115 00:05:33,400 --> 00:05:36,000 Speaker 2: crown that's on her head, Like they saved this crown 116 00:05:36,080 --> 00:05:41,080 Speaker 2: that apparently Jesus himself wore, you know, say, I was like, 117 00:05:41,080 --> 00:05:43,000 Speaker 2: I didn't know they still had his crown. 118 00:05:43,920 --> 00:05:47,360 Speaker 1: That's crazy. Yeah, that's what I mean that I think 119 00:05:47,440 --> 00:05:50,599 Speaker 1: what it was. It's like there's just so much history 120 00:05:50,720 --> 00:05:53,159 Speaker 1: that's there that you know, but you know, it's so 121 00:05:53,240 --> 00:05:55,400 Speaker 1: crazy that you know, like that gets that gets so 122 00:05:55,520 --> 00:05:58,200 Speaker 1: much pressed. But you know, not too long ago, there 123 00:05:58,320 --> 00:06:02,120 Speaker 1: was a house of worship. I can't remember what Middle 124 00:06:02,160 --> 00:06:05,640 Speaker 1: Eastern country, but it was the equivalent of that, you know, 125 00:06:05,720 --> 00:06:07,800 Speaker 1: in that country, and it didn't get the same amount 126 00:06:07,800 --> 00:06:10,960 Speaker 1: of obviously like press, but I remember people were like 127 00:06:11,440 --> 00:06:14,800 Speaker 1: devastated because it was like an extremely important house of 128 00:06:14,800 --> 00:06:18,960 Speaker 1: worship that is is purposely destroyed, you know, and people 129 00:06:19,000 --> 00:06:21,680 Speaker 1: were like standing outside like just beside themselves, and it's 130 00:06:21,680 --> 00:06:23,560 Speaker 1: just a shame that. I mean not to take away 131 00:06:23,560 --> 00:06:25,120 Speaker 1: from what happened in Notre Dame, but I'm just saying 132 00:06:25,160 --> 00:06:29,040 Speaker 1: that there, you know, there are or civilizations, and there 133 00:06:29,040 --> 00:06:33,560 Speaker 1: are people whose history is destroyed on a regular basis, 134 00:06:33,600 --> 00:06:37,279 Speaker 1: and in the world, you know, turns a blind eye. 135 00:06:37,480 --> 00:06:40,000 Speaker 2: You know, well look at what happened in New Zealand. 136 00:06:40,080 --> 00:06:42,920 Speaker 2: I mean, there's so many examples of houses of worship 137 00:06:42,920 --> 00:06:45,760 Speaker 2: being a target of hate crimes and you know, truly 138 00:06:45,800 --> 00:06:49,000 Speaker 2: devastating ones. So at this point, it just sounds like 139 00:06:49,040 --> 00:06:51,280 Speaker 2: it was like some kind of fire that was caused 140 00:06:51,360 --> 00:06:54,719 Speaker 2: during a renovation process, which is even more ironic and tragicy. 141 00:06:55,839 --> 00:06:57,880 Speaker 2: But I guess there's a bit of gratitude in that. Okay, 142 00:06:57,920 --> 00:07:00,800 Speaker 2: thank god people, you know, someone wasn't evil to attack 143 00:07:01,400 --> 00:07:06,680 Speaker 2: Notre Dame. Like anyway, just thoughts and prayers with the 144 00:07:06,680 --> 00:07:10,360 Speaker 2: fireman who went into that blazing church and somehow managed 145 00:07:10,400 --> 00:07:12,800 Speaker 2: to rescue it, and like that was amazing. Yeah, I'm 146 00:07:12,880 --> 00:07:16,040 Speaker 2: sure that, I'm sure they will they will rebuild. It 147 00:07:16,240 --> 00:07:17,560 Speaker 2: will probably take a long time. 148 00:07:17,600 --> 00:07:21,040 Speaker 1: But there was already a billionaire who who's Who's pledge 149 00:07:21,040 --> 00:07:24,840 Speaker 1: one hundred million dollars, which is awesome. So the renovation. 150 00:07:25,000 --> 00:07:28,320 Speaker 1: So yeah, so while I was gone, one of the 151 00:07:28,320 --> 00:07:30,120 Speaker 1: things I put myself because I was like, okay, so 152 00:07:30,680 --> 00:07:34,040 Speaker 1: tax season is finally done, thank you Jesus. I mean 153 00:07:34,120 --> 00:07:37,080 Speaker 1: unless you filed your extension and then you've extended the misery. 154 00:07:37,240 --> 00:07:44,280 Speaker 1: Sorry is due exactly? Yeah, yeah, tax season is all exactly, 155 00:07:44,360 --> 00:07:48,840 Speaker 1: it's already done. But it made me really look at like, okay, 156 00:07:49,720 --> 00:07:53,640 Speaker 1: what can I do better? And so I am firing 157 00:07:53,680 --> 00:07:55,160 Speaker 1: my current financial planner. 158 00:07:55,440 --> 00:07:56,040 Speaker 3: Sorry, Frank. 159 00:07:56,080 --> 00:07:57,520 Speaker 1: He definitely listen to the podcast. 160 00:07:57,120 --> 00:08:01,240 Speaker 2: So whatever. I've never heard Frank's name before, I. 161 00:08:01,280 --> 00:08:06,680 Speaker 1: Know exactly because Frank doesn't do much. So he started 162 00:08:06,680 --> 00:08:08,560 Speaker 1: off great and then he's just you know, fizzled, and 163 00:08:08,600 --> 00:08:11,160 Speaker 1: I'm like, Frank, hello, Hello, let's just thing on. And 164 00:08:11,200 --> 00:08:12,800 Speaker 1: so that's like my pet peeve. It's like, you know, 165 00:08:12,840 --> 00:08:16,920 Speaker 1: you get my money and then you disappear. And so honestly, 166 00:08:17,680 --> 00:08:19,760 Speaker 1: you know, I didn't even know what I wanted. So 167 00:08:19,800 --> 00:08:21,920 Speaker 1: I'll tell you what's been very helpful. I actually created 168 00:08:21,920 --> 00:08:25,040 Speaker 1: this document where Jerrell and I sat down, Oh Superman 169 00:08:25,160 --> 00:08:27,800 Speaker 1: well whatever y'all know his name probably Superman and I 170 00:08:27,840 --> 00:08:31,240 Speaker 1: sat down and kind of talked about like, well one 171 00:08:31,360 --> 00:08:33,240 Speaker 1: I said, I think it'll be important for our current 172 00:08:33,240 --> 00:08:36,320 Speaker 1: financial planner or our new financial planner to know where 173 00:08:36,360 --> 00:08:38,760 Speaker 1: we stand, because they always ask the same questions. You know, 174 00:08:39,040 --> 00:08:41,080 Speaker 1: how much you make? How about this? How much you 175 00:08:41,080 --> 00:08:43,439 Speaker 1: haven't saved things? What about retirement? So I put all 176 00:08:43,480 --> 00:08:45,600 Speaker 1: of that down in this dock, and then I put 177 00:08:45,720 --> 00:08:48,560 Speaker 1: like underneath it, like so current situation, and then I 178 00:08:48,600 --> 00:08:52,120 Speaker 1: have our goals, like, you know, within the next five years, 179 00:08:52,160 --> 00:08:54,360 Speaker 1: we would like to be financially independent. We'd like to 180 00:08:54,400 --> 00:08:58,000 Speaker 1: make one hundred and fifty thousand dollars a year, like 181 00:08:58,120 --> 00:09:01,120 Speaker 1: as a household passively, you know, because we make that 182 00:09:01,160 --> 00:09:04,079 Speaker 1: more now, but we work for that so passively our 183 00:09:04,120 --> 00:09:06,800 Speaker 1: money yielding that what we have to do. We'd like 184 00:09:06,920 --> 00:09:09,800 Speaker 1: to maximize because I set aside money for all my 185 00:09:09,880 --> 00:09:13,240 Speaker 1: nieces and nephews and my godson. But I'd like to 186 00:09:13,280 --> 00:09:15,080 Speaker 1: be more strategic with like so we have a whole 187 00:09:15,120 --> 00:09:19,280 Speaker 1: list of things, and not that a financial advisor. It 188 00:09:19,320 --> 00:09:20,920 Speaker 1: might be a mix of people that will help. But 189 00:09:20,960 --> 00:09:23,480 Speaker 1: I wanted to get out like what our goals were, 190 00:09:23,559 --> 00:09:25,880 Speaker 1: long term and short term, and it's been so helpful. 191 00:09:25,920 --> 00:09:29,240 Speaker 1: I put in a Google doc and then I posted 192 00:09:29,360 --> 00:09:31,439 Speaker 1: and this is just I'm sharing this with you all 193 00:09:31,559 --> 00:09:35,520 Speaker 1: BA listeners, because if you're looking for a financial advisor, 194 00:09:35,880 --> 00:09:39,800 Speaker 1: I would suggest figuring out first well, first creating a 195 00:09:39,840 --> 00:09:41,880 Speaker 1: document or where do you stand? And then what your 196 00:09:41,920 --> 00:09:45,920 Speaker 1: goals are long term, short term or otherwise. And then 197 00:09:46,160 --> 00:09:47,640 Speaker 1: what I did is I put in a Google doc 198 00:09:47,679 --> 00:09:50,720 Speaker 1: and with Google Docs you can share, share, create a 199 00:09:50,760 --> 00:09:53,960 Speaker 1: link to share. So I posted on like these financial 200 00:09:53,960 --> 00:09:56,640 Speaker 1: Facebook groups I'm a part of and said, hey, looking 201 00:09:56,760 --> 00:10:00,720 Speaker 1: for a financial planner. I wanted a fee own So 202 00:10:00,960 --> 00:10:04,040 Speaker 1: financial planners you want to explain Many like the difference 203 00:10:04,040 --> 00:10:06,360 Speaker 1: between like fee and like someone who gets paid based 204 00:10:06,400 --> 00:10:07,400 Speaker 1: upon your portfolio. 205 00:10:08,120 --> 00:10:08,360 Speaker 3: Yeah. 206 00:10:08,400 --> 00:10:10,680 Speaker 2: Sure, a fee only planner, a fee based planner. They'll 207 00:10:10,720 --> 00:10:13,160 Speaker 2: just charge you, like an hourly rate or a flat 208 00:10:13,240 --> 00:10:15,360 Speaker 2: rate to take a look at your finances, and they 209 00:10:15,440 --> 00:10:17,839 Speaker 2: may do it every time you have a conversation, or 210 00:10:17,880 --> 00:10:20,040 Speaker 2: they may charge you a flat rate for an overall 211 00:10:20,160 --> 00:10:23,160 Speaker 2: financial plan that costs you a certain amount, and then 212 00:10:23,160 --> 00:10:25,840 Speaker 2: they charge you an hourly rate moving forward. But you 213 00:10:25,880 --> 00:10:27,840 Speaker 2: always know upfront what their fees are going to be. 214 00:10:28,200 --> 00:10:31,880 Speaker 2: Other financial advisors may tie their pay to the type 215 00:10:31,880 --> 00:10:34,480 Speaker 2: of investments that they point you toward, where they're getting 216 00:10:35,559 --> 00:10:39,000 Speaker 2: a kickback or a fee attached to the investments that 217 00:10:39,040 --> 00:10:41,360 Speaker 2: they push you toward. Oh dang, didn't put my phone 218 00:10:41,400 --> 00:10:45,360 Speaker 2: on silent rookie mistake. Or they're getting a bit of 219 00:10:45,360 --> 00:10:47,960 Speaker 2: the fee from the investment they point you toward. Or 220 00:10:48,160 --> 00:10:50,880 Speaker 2: they're taking a percentage this is very common, a percentage 221 00:10:50,920 --> 00:10:54,520 Speaker 2: of the returns they help you earn by giving you 222 00:10:54,600 --> 00:10:57,120 Speaker 2: investment advice, which is pretty common. 223 00:10:57,800 --> 00:11:01,000 Speaker 1: Yes, so I am like so in the beginning, like 224 00:11:01,360 --> 00:11:04,400 Speaker 1: typically if you don't if you can't afford the fee, 225 00:11:04,440 --> 00:11:06,520 Speaker 1: which is fine, because I like I couldn't up until 226 00:11:06,559 --> 00:11:09,800 Speaker 1: like recently that or I just didn't want to pay 227 00:11:09,800 --> 00:11:13,400 Speaker 1: the fee, or so you know, people, I allowed financial 228 00:11:14,320 --> 00:11:17,600 Speaker 1: advisors to to make their money up from a percentage 229 00:11:17,640 --> 00:11:19,960 Speaker 1: of my portfolio what they helped me to earn. But 230 00:11:19,960 --> 00:11:22,520 Speaker 1: I've since moved away from that, and I really just 231 00:11:22,559 --> 00:11:24,839 Speaker 1: want to pay a flat fee. And quite honestly, I'm 232 00:11:24,880 --> 00:11:28,920 Speaker 1: sick and tired of handing my money over because I'm 233 00:11:29,000 --> 00:11:30,880 Speaker 1: like all these fees on fees on fees on fees, 234 00:11:30,920 --> 00:11:35,520 Speaker 1: Like I'd much rather say, hey, planner, you know whatever 235 00:11:35,559 --> 00:11:37,360 Speaker 1: you charged me two hundred dollars safe to sit down 236 00:11:37,400 --> 00:11:39,680 Speaker 1: me for this hour. Here's some questions that I have. 237 00:11:39,760 --> 00:11:41,400 Speaker 1: I'm gonna put my I'm going to open up, say 238 00:11:41,400 --> 00:11:43,839 Speaker 1: like a Vanguard account or account, I don't know whatever, 239 00:11:43,880 --> 00:11:45,680 Speaker 1: you know, one of these accounts, but you can manage 240 00:11:45,720 --> 00:11:48,200 Speaker 1: your own money. Let's just say Banguard. Like I said, 241 00:11:48,200 --> 00:11:50,280 Speaker 1: I'm going to open up a Vanguard account. I'm thinking 242 00:11:50,320 --> 00:11:55,280 Speaker 1: of a total stock market fund, which is Vanguard has 243 00:11:55,320 --> 00:11:58,839 Speaker 1: this account where they the fund mirrors the S and 244 00:11:58,880 --> 00:12:03,040 Speaker 1: P five hundred, so that as a very well known 245 00:12:03,559 --> 00:12:09,000 Speaker 1: US market, the top five hundred companies in the United States, right, 246 00:12:09,040 --> 00:12:12,160 Speaker 1: and so well top meaning like earning and so you know, 247 00:12:12,760 --> 00:12:17,240 Speaker 1: you're their fund will basically invest your money into like 248 00:12:17,440 --> 00:12:20,800 Speaker 1: those companies. And so it's an index fund, so literally 249 00:12:20,840 --> 00:12:22,280 Speaker 1: like an indexes. You know, it's like a list of 250 00:12:22,320 --> 00:12:24,079 Speaker 1: like I'm not talking to you obviously, Mandy, but those 251 00:12:24,280 --> 00:12:26,679 Speaker 1: listening and an index fund and indexes like if you're 252 00:12:26,679 --> 00:12:28,120 Speaker 1: looking at the index of the back of the book, 253 00:12:28,559 --> 00:12:30,760 Speaker 1: a list of like like you know, maybe like I 254 00:12:30,800 --> 00:12:33,360 Speaker 1: don't know words inside that book. So an index fund 255 00:12:33,480 --> 00:12:35,720 Speaker 1: is a kind of like a list of all of 256 00:12:35,760 --> 00:12:39,760 Speaker 1: these companies. And so I might ask my planner, you know, 257 00:12:39,920 --> 00:12:41,480 Speaker 1: is this a good idea to put my money in 258 00:12:41,520 --> 00:12:44,360 Speaker 1: an index fund to mirror the market, because typically the 259 00:12:44,440 --> 00:12:48,440 Speaker 1: stock market goes up over time, although there's ups and downs, 260 00:12:48,960 --> 00:12:51,920 Speaker 1: there's ups and downs on its way up. How you 261 00:12:51,920 --> 00:12:53,760 Speaker 1: know what percentage of my money should I put there? 262 00:12:53,960 --> 00:12:56,080 Speaker 1: Should I put my money also in a total market 263 00:12:56,120 --> 00:12:59,719 Speaker 1: bond fund, which is a little bit safer, you know 264 00:13:00,160 --> 00:13:01,920 Speaker 1: as much, but you also don't have to pretend you 265 00:13:02,000 --> 00:13:04,320 Speaker 1: to lose as much. Just these kind of questions, and 266 00:13:04,360 --> 00:13:06,080 Speaker 1: you know, you might be like, what's the bond? What's 267 00:13:06,080 --> 00:13:09,440 Speaker 1: the stock exactly? So I really just want someone who 268 00:13:09,520 --> 00:13:13,480 Speaker 1: I can ask questions of, take my own money and 269 00:13:13,520 --> 00:13:18,400 Speaker 1: based upon, you know, the responses and the information that 270 00:13:18,440 --> 00:13:22,040 Speaker 1: I get, make decisions with like my money, and not 271 00:13:22,360 --> 00:13:24,439 Speaker 1: feel like I'm just handing my money over because I 272 00:13:24,440 --> 00:13:25,720 Speaker 1: feel like that's what I've been doing. And I'm not 273 00:13:25,760 --> 00:13:28,160 Speaker 1: gonna pretend like, you know, some of my financial planners 274 00:13:28,200 --> 00:13:29,720 Speaker 1: have not made me money. I mean, it's not that 275 00:13:29,760 --> 00:13:32,080 Speaker 1: Frank hasn't made me any money, but I honestly don't 276 00:13:32,080 --> 00:13:33,560 Speaker 1: know what's going on, you know what I mean? Mandy, 277 00:13:33,600 --> 00:13:35,280 Speaker 1: I'm like, so what are we doing? He doesn't answer 278 00:13:35,679 --> 00:13:37,480 Speaker 1: when I text, or I'm like, are we supposed to 279 00:13:37,520 --> 00:13:39,520 Speaker 1: have calls? Isn't it what I paid this flat fee 280 00:13:39,559 --> 00:13:41,960 Speaker 1: for and if I look like I looked at my 281 00:13:42,000 --> 00:13:44,520 Speaker 1: portfolio for twenty eighteen and I made I mean, I 282 00:13:44,559 --> 00:13:47,280 Speaker 1: made a decent return. I think maybe like ten or 283 00:13:47,320 --> 00:13:49,319 Speaker 1: twelve percent something like that. So it's not like I'm 284 00:13:49,360 --> 00:13:51,240 Speaker 1: losing money, but I don't, like did I? 285 00:13:51,280 --> 00:13:52,800 Speaker 2: But I just have a damn target date fund and 286 00:13:52,800 --> 00:13:54,760 Speaker 2: no funny, no advice exactly. 287 00:13:54,800 --> 00:13:57,400 Speaker 1: And that's what I feel like. Honestly, I feel like, great, 288 00:13:58,200 --> 00:14:00,240 Speaker 1: you know, but can I just put exactly? I was 289 00:14:00,240 --> 00:14:01,920 Speaker 1: thinking that, like, why can't I just put my money 290 00:14:01,920 --> 00:14:03,400 Speaker 1: in the target date fund? Why do I have to 291 00:14:03,400 --> 00:14:06,520 Speaker 1: pay you rank? And then I'll save money and fees, 292 00:14:06,600 --> 00:14:06,800 Speaker 1: you know. 293 00:14:07,120 --> 00:14:09,920 Speaker 2: And because I'm and you han, I think that what 294 00:14:09,960 --> 00:14:13,040 Speaker 2: you're looking for is a financial planner who can bring 295 00:14:13,160 --> 00:14:16,840 Speaker 2: value in other ways beyond like return because I think 296 00:14:17,000 --> 00:14:20,640 Speaker 2: like if you look at actively managed funds, like basically 297 00:14:20,680 --> 00:14:23,560 Speaker 2: in investment firms that manage your money for you versus 298 00:14:23,600 --> 00:14:25,600 Speaker 2: like just putting your money in an index fund, a 299 00:14:25,600 --> 00:14:27,680 Speaker 2: lot of times the index fund wins out. So you 300 00:14:27,720 --> 00:14:30,000 Speaker 2: have to find people who add value beyond the returns 301 00:14:30,000 --> 00:14:32,000 Speaker 2: and don't believe them if they say they can, Oh, 302 00:14:32,040 --> 00:14:33,600 Speaker 2: I can do double what the S and P did 303 00:14:33,720 --> 00:14:37,440 Speaker 2: last you're like, no, that's bullshit. And you know, ask 304 00:14:37,520 --> 00:14:40,720 Speaker 2: people what they can give you beyond just the regular 305 00:14:40,720 --> 00:14:42,600 Speaker 2: return that anyone would expect, because you have to keep 306 00:14:42,600 --> 00:14:45,800 Speaker 2: those realistic expectations and people who won't like oversell you. 307 00:14:46,480 --> 00:14:48,480 Speaker 1: And that's what I'm like, I'm wanting like that, like 308 00:14:48,520 --> 00:14:51,160 Speaker 1: you know, like yes, like because beyond that that could 309 00:14:51,200 --> 00:14:53,440 Speaker 1: literally be one conversation. Well, typically this is my favorite 310 00:14:53,480 --> 00:14:55,960 Speaker 1: index fund because here's why the fees are low and 311 00:14:55,960 --> 00:14:59,200 Speaker 1: blah blah blah. And I'm like, okay, but I want more, 312 00:14:59,280 --> 00:15:03,360 Speaker 1: like I want like, I want to offer value to 313 00:15:03,440 --> 00:15:05,480 Speaker 1: my employees. I want to be able to give them 314 00:15:05,520 --> 00:15:08,080 Speaker 1: a retirement account. I can't do that on my own. 315 00:15:08,160 --> 00:15:10,560 Speaker 1: There are financial planners and advisors that can help me 316 00:15:10,600 --> 00:15:15,800 Speaker 1: with that, you know. Yeah, So I'm just excited about interviewing. 317 00:15:15,840 --> 00:15:19,240 Speaker 1: So I literally I think I posted and like I said, 318 00:15:19,240 --> 00:15:21,920 Speaker 1: I created the doc and I sent everybody the same message. 319 00:15:22,000 --> 00:15:24,440 Speaker 1: It was like fifteen maybe fifteen people that reached out 320 00:15:24,440 --> 00:15:26,840 Speaker 1: to me, and I was like, hey, thank you so 321 00:15:26,920 --> 00:15:28,960 Speaker 1: much for reaching out. You know, I've created a document 322 00:15:29,400 --> 00:15:31,320 Speaker 1: to help give you a clear understanding of where my 323 00:15:31,400 --> 00:15:33,560 Speaker 1: husband and I are and where we'd like to be 324 00:15:33,760 --> 00:15:36,600 Speaker 1: you know, please review. And in the dock it was clear, like, 325 00:15:36,640 --> 00:15:38,200 Speaker 1: you know, how I wanted to work with the person, 326 00:15:38,280 --> 00:15:40,360 Speaker 1: like I would like to pay hourly. I don't want. 327 00:15:40,400 --> 00:15:42,280 Speaker 1: I want to manage my own money, so that way 328 00:15:42,280 --> 00:15:45,280 Speaker 1: people could eliminate themselves. And of the fifteen, I would 329 00:15:45,320 --> 00:15:48,680 Speaker 1: say there's probably five people that are viable. Some people 330 00:15:48,680 --> 00:15:51,600 Speaker 1: eliminated themselves because they're like, oh, I don't do fee 331 00:15:51,600 --> 00:15:55,200 Speaker 1: only or I only, you can only pay me yearly, 332 00:15:55,280 --> 00:15:57,200 Speaker 1: and I'm like, nah, that yearly is I want to 333 00:15:57,200 --> 00:15:59,040 Speaker 1: pay you hourly because if you suck, I've only paid 334 00:15:59,040 --> 00:16:02,760 Speaker 1: for one hour, you know. So I'm excited though, because 335 00:16:02,760 --> 00:16:04,960 Speaker 1: I feel like this is like the next frontier. I've 336 00:16:04,960 --> 00:16:08,680 Speaker 1: got a dope accountant and CFO and so I just 337 00:16:08,760 --> 00:16:10,960 Speaker 1: want to kind of like a personal CFO of my life. 338 00:16:11,040 --> 00:16:14,840 Speaker 1: So I'm excited, and I'll keep you guys abreast of, like, 339 00:16:14,920 --> 00:16:17,920 Speaker 1: you know, how the interviews go and who I end 340 00:16:18,000 --> 00:16:19,960 Speaker 1: up choosing. And even if I don't choose someone in 341 00:16:20,000 --> 00:16:22,360 Speaker 1: their dope, you know, I plant I can obviously share 342 00:16:22,680 --> 00:16:24,200 Speaker 1: some of the amazing people that I was able to 343 00:16:24,240 --> 00:16:27,240 Speaker 1: connect with, because that's another desire of mine, is to 344 00:16:27,720 --> 00:16:31,440 Speaker 1: kind of like create a list of dope financial experts 345 00:16:31,440 --> 00:16:33,320 Speaker 1: because people ask me all the time, like what do 346 00:16:33,360 --> 00:16:34,840 Speaker 1: you suggest for this, and I can be like, well, 347 00:16:34,880 --> 00:16:36,960 Speaker 1: I interviewed her, she was great. Wasn't a fit for 348 00:16:37,000 --> 00:16:39,560 Speaker 1: me because I needed more business assistants, but she might 349 00:16:39,560 --> 00:16:40,400 Speaker 1: be a fit for you. 350 00:16:40,400 --> 00:16:44,640 Speaker 2: You know, yes, I'll be waiting those those recommendations like 351 00:16:44,680 --> 00:16:48,720 Speaker 2: everybody else do the work force, Like seeing those commercials 352 00:16:48,760 --> 00:16:51,080 Speaker 2: for Home Advisor where it's like, do you know a 353 00:16:51,120 --> 00:16:53,400 Speaker 2: good contract or cool? Could you vet them for me 354 00:16:53,480 --> 00:16:55,160 Speaker 2: and get different rate schedules. 355 00:16:55,240 --> 00:16:57,800 Speaker 1: Yeah, And that's why I was like, you know, I'm 356 00:16:57,800 --> 00:17:00,360 Speaker 1: excited though, because I'm like, yay, I just you know, 357 00:17:00,520 --> 00:17:03,080 Speaker 1: you know, you're on the cusp of like, uh, this 358 00:17:03,120 --> 00:17:05,040 Speaker 1: could need to be really good. I feel like it's 359 00:17:05,040 --> 00:17:07,600 Speaker 1: like the mc hammer. I mean it's like, ooh, there 360 00:17:07,640 --> 00:17:10,239 Speaker 1: was like this short period in his career where like 361 00:17:10,359 --> 00:17:14,080 Speaker 1: money was booming and he mismanaged, and I'm like, ooh, 362 00:17:14,119 --> 00:17:15,800 Speaker 1: I don't want to do the mc hammer syndrome. I 363 00:17:15,840 --> 00:17:18,640 Speaker 1: want that, you know, like I you know, I make 364 00:17:19,240 --> 00:17:21,720 Speaker 1: right moves now, so ten years from now, I can 365 00:17:21,760 --> 00:17:23,960 Speaker 1: be like Ooho, even if the budgets is not popping, 366 00:17:24,440 --> 00:17:26,760 Speaker 1: you know, I'm still good financially. 367 00:17:27,280 --> 00:17:29,359 Speaker 2: Now, that is the goal to build up an My 368 00:17:29,440 --> 00:17:31,439 Speaker 2: goal to build up an investment fund that is just 369 00:17:31,520 --> 00:17:35,000 Speaker 2: generating income on income on income without you doing anything. 370 00:17:35,200 --> 00:17:37,160 Speaker 2: That's something Mike Marcus and I were talking about last 371 00:17:37,160 --> 00:17:38,720 Speaker 2: week too. He has his own goals for how much 372 00:17:38,720 --> 00:17:41,919 Speaker 2: he wants to have like invested, so he's making passive income. 373 00:17:42,040 --> 00:17:44,320 Speaker 2: So next level exciting. 374 00:17:44,440 --> 00:18:14,920 Speaker 3: Yeah. 375 00:18:15,040 --> 00:18:16,840 Speaker 2: Speaking of questions though, should we take some. 376 00:18:17,560 --> 00:18:19,919 Speaker 1: Yes, I actually have a really good question where I'm like, 377 00:18:20,040 --> 00:18:22,960 Speaker 1: Yike just came of my inbox, and I'm going to 378 00:18:23,000 --> 00:18:25,919 Speaker 1: try to read it in a non judging voice, and 379 00:18:25,960 --> 00:18:30,720 Speaker 1: I SA, yes it is. And then too, I'm also 380 00:18:30,760 --> 00:18:34,240 Speaker 1: going to, uh, you know, I'm not going to obviously 381 00:18:34,320 --> 00:18:39,520 Speaker 1: share this person's name. Okay, So good evening. I co 382 00:18:39,680 --> 00:18:42,080 Speaker 1: signed a super loan via s DA Ali May for 383 00:18:42,200 --> 00:18:46,639 Speaker 1: a d quote friend. My question is is there a 384 00:18:46,720 --> 00:18:49,560 Speaker 1: way that I can be released from the loan. I'm 385 00:18:49,640 --> 00:18:53,040 Speaker 1: asking because my son starts college in the fall and 386 00:18:53,119 --> 00:18:55,479 Speaker 1: I might need to get a loan for him, and 387 00:18:55,560 --> 00:18:57,760 Speaker 1: I'm also planning and purchasing a home at the end 388 00:18:57,760 --> 00:19:00,720 Speaker 1: of the year. Signed, what should I do? 389 00:19:00,800 --> 00:19:03,439 Speaker 2: Like, unless you are a parent co signing, you know 390 00:19:03,640 --> 00:19:08,200 Speaker 2: your daughter or son's student loan. The answer, I feel 391 00:19:08,200 --> 00:19:10,040 Speaker 2: like nine and a half times out of ten is 392 00:19:10,119 --> 00:19:12,919 Speaker 2: going to be no, because you were just putting you 393 00:19:12,920 --> 00:19:16,639 Speaker 2: were making yourself so vulnerable and so liable. If that, 394 00:19:17,119 --> 00:19:18,560 Speaker 2: you know, the person on the other end of that loan, 395 00:19:18,600 --> 00:19:21,080 Speaker 2: whether their friend or family, no matter what their good 396 00:19:21,080 --> 00:19:23,119 Speaker 2: intentions are, if they default in their loan, then that 397 00:19:23,200 --> 00:19:28,199 Speaker 2: is your problem. One hundred. She can't go back, she 398 00:19:28,280 --> 00:19:31,520 Speaker 2: can't undo it. So what steps can she take now 399 00:19:31,600 --> 00:19:34,600 Speaker 2: to you know, reach her financial goals while also being 400 00:19:34,640 --> 00:19:38,399 Speaker 2: tied to this the student loan. Does she mention if 401 00:19:38,400 --> 00:19:40,240 Speaker 2: it's federal or I'm assuming it, Well, it might be, 402 00:19:40,280 --> 00:19:42,840 Speaker 2: it could be federal, but probably more likely is it private? 403 00:19:42,880 --> 00:19:44,760 Speaker 1: I was going to say, it's probably more likely private 404 00:19:44,760 --> 00:19:47,919 Speaker 1: because typically with federal, unless it's like higher education, you 405 00:19:48,000 --> 00:19:50,720 Speaker 1: usually don't need a co signer, yeah, for for your 406 00:19:50,760 --> 00:19:53,639 Speaker 1: for your what's called degree, unless it's like masters or something. 407 00:19:54,280 --> 00:19:56,600 Speaker 2: So let's say it's a private student loan, she's co signed. 408 00:19:56,640 --> 00:19:59,080 Speaker 2: There's a couple of ways, so you could ask your 409 00:19:59,119 --> 00:19:59,960 Speaker 2: friend to rEFInd it. 410 00:20:00,480 --> 00:20:02,840 Speaker 1: I was going to say, yeah, this loan, which. 411 00:20:02,640 --> 00:20:06,760 Speaker 2: Means she'd have to apply for a new loan and 412 00:20:06,920 --> 00:20:08,879 Speaker 2: use that loan to pay off her existing loan, and 413 00:20:08,920 --> 00:20:11,720 Speaker 2: in the process, she'd be the only applicant for that loan, 414 00:20:11,800 --> 00:20:14,679 Speaker 2: so that would take you off of it. Some lenders 415 00:20:14,720 --> 00:20:16,760 Speaker 2: like if she contacted the bank, she could ask what 416 00:20:16,800 --> 00:20:20,040 Speaker 2: their process is for removing a co signer. It may 417 00:20:20,080 --> 00:20:23,720 Speaker 2: be that she has to prove financial worthiness, income assets, 418 00:20:24,320 --> 00:20:28,080 Speaker 2: credit score, and basically another form of refinancing the debt 419 00:20:28,119 --> 00:20:31,280 Speaker 2: to get you off of it. But if she needed 420 00:20:31,280 --> 00:20:34,080 Speaker 2: you to co sign in the first place, or she 421 00:20:34,240 --> 00:20:38,600 Speaker 2: or he, it may be that they're not financially I 422 00:20:38,600 --> 00:20:43,120 Speaker 2: don't know stable enough to qualify for a different loan, 423 00:20:43,200 --> 00:20:45,720 Speaker 2: but that's that's the only avenue I can think of. 424 00:20:46,400 --> 00:20:48,199 Speaker 1: Well, and well, I'm going to make the assumption that 425 00:20:48,240 --> 00:20:51,600 Speaker 1: you did this a while ago, only because I'm assuming 426 00:20:51,680 --> 00:20:55,040 Speaker 1: that if your son's schooling was coming up fairly soon, 427 00:20:55,480 --> 00:20:57,840 Speaker 1: you likely wouldn't have co signed so quickly to his 428 00:20:58,680 --> 00:21:02,400 Speaker 1: college opportunity coming up. You can also consider consolidating your 429 00:21:02,440 --> 00:21:05,520 Speaker 1: loan with other loans that you may have. That's kind 430 00:21:05,520 --> 00:21:08,359 Speaker 1: of a way. So typically to do refinancing or even 431 00:21:08,359 --> 00:21:12,800 Speaker 1: consolidating with another loans because we're not consolidating, is not 432 00:21:12,840 --> 00:21:17,080 Speaker 1: a good idea. If you are refinancing if you have 433 00:21:17,280 --> 00:21:19,679 Speaker 1: a federal loan, because then you lose like kind of 434 00:21:19,680 --> 00:21:22,240 Speaker 1: federal loan protections. But we're assuming this is private because 435 00:21:22,240 --> 00:21:25,080 Speaker 1: they needed a co signer, But the bar is gonna 436 00:21:25,119 --> 00:21:29,960 Speaker 1: need basic credit history, stable employment, and really enough income 437 00:21:30,000 --> 00:21:32,080 Speaker 1: to prove enough income, like many said, to cover the 438 00:21:32,119 --> 00:21:36,080 Speaker 1: monthly payments, because the purpose of having a co signer 439 00:21:36,359 --> 00:21:39,679 Speaker 1: from someone who's lending is I don't know that you 440 00:21:39,680 --> 00:21:41,760 Speaker 1: can afford it, but between you and your friend, you 441 00:21:41,800 --> 00:21:44,520 Speaker 1: can afford it. And so if your friend is gone, 442 00:21:45,640 --> 00:21:47,600 Speaker 1: I don't know if you can afford it. So basically 443 00:21:47,640 --> 00:21:50,840 Speaker 1: your friend would have to kind of prove, hey, I 444 00:21:50,880 --> 00:21:53,320 Speaker 1: can afford it now, and I don't necessarily need this 445 00:21:53,359 --> 00:21:56,520 Speaker 1: co signer, So refinancing or consolidating with another loan, those 446 00:21:56,520 --> 00:21:59,720 Speaker 1: are kind of your only two options. But if you're 447 00:21:59,720 --> 00:22:02,280 Speaker 1: listening and someone is kind of asking you to co 448 00:22:02,440 --> 00:22:07,399 Speaker 1: sign honestly, it's just not because just like you know, 449 00:22:07,400 --> 00:22:08,160 Speaker 1: what should I do? 450 00:22:08,640 --> 00:22:08,840 Speaker 3: Ask? 451 00:22:09,640 --> 00:22:11,639 Speaker 1: What should I do? Is also wanting to purchase a home, 452 00:22:12,280 --> 00:22:15,679 Speaker 1: and so this is debt for this person, and so 453 00:22:15,720 --> 00:22:17,720 Speaker 1: when you're purchasing a home, they're going to out see, 454 00:22:17,800 --> 00:22:19,760 Speaker 1: like one, how much are you making? But then two, 455 00:22:19,800 --> 00:22:22,720 Speaker 1: how much do you owe and your debt to income 456 00:22:22,800 --> 00:22:25,960 Speaker 1: ratio DTI number that you know that's important to lend 457 00:22:26,040 --> 00:22:29,040 Speaker 1: us because they're like, well, if you already owe fifty 458 00:22:29,040 --> 00:22:31,840 Speaker 1: thousand dollars here you want us to lend you three 459 00:22:31,920 --> 00:22:35,480 Speaker 1: hundred thousand. We only feel comfortable lending you to fifty 460 00:22:35,520 --> 00:22:38,159 Speaker 1: because you already owe somebody else fifty thousand dollars. So 461 00:22:38,200 --> 00:22:40,800 Speaker 1: it's just keeping all of that in mind before co signing. 462 00:22:40,800 --> 00:22:44,240 Speaker 1: It's just it's rarely, rarely ever a good idea. 463 00:22:45,000 --> 00:22:48,200 Speaker 2: One thousand percent. And if she's she says she's looking 464 00:22:48,240 --> 00:22:51,000 Speaker 2: to take out a or co sign alone for her kid, 465 00:22:51,119 --> 00:22:54,760 Speaker 2: right a student alone, you know, check with your student. 466 00:22:54,880 --> 00:22:57,639 Speaker 2: And again like this another another good opportunity to remind 467 00:22:57,680 --> 00:23:00,360 Speaker 2: folks like if they need a co signer, I mean, 468 00:23:00,720 --> 00:23:03,240 Speaker 2: double check if they've maxed out their federal student aid 469 00:23:03,680 --> 00:23:06,159 Speaker 2: and even you know, if you're I don't know. I 470 00:23:06,160 --> 00:23:08,920 Speaker 2: feel like at this point in time, with the way 471 00:23:09,200 --> 00:23:11,880 Speaker 2: the cost of college is, if you're having to take 472 00:23:11,920 --> 00:23:14,120 Speaker 2: out a private loan to fund your education on top 473 00:23:14,160 --> 00:23:17,880 Speaker 2: of the federal loans, is all that debt worth the degree? 474 00:23:18,040 --> 00:23:19,679 Speaker 2: And like taking a look at the cost of that 475 00:23:19,720 --> 00:23:21,840 Speaker 2: college and is there are there any scholarships he could 476 00:23:21,960 --> 00:23:24,720 Speaker 2: or he or she could apply for any grants, any 477 00:23:24,760 --> 00:23:27,960 Speaker 2: aid or are there any other avenues of financing that 478 00:23:28,080 --> 00:23:31,600 Speaker 2: tuition for this year? You know, without you you needed 479 00:23:31,600 --> 00:23:34,920 Speaker 2: to co sign. If she's looking to do it this false. 480 00:23:34,960 --> 00:23:37,359 Speaker 2: I'm assuming they've they're you know, like a like a 481 00:23:37,440 --> 00:23:39,240 Speaker 2: high school senior and they're going to school for the 482 00:23:39,280 --> 00:23:41,439 Speaker 2: first time. There's still time to look for a more 483 00:23:41,480 --> 00:23:43,560 Speaker 2: affordable school. You know. Think about what you're setting your 484 00:23:43,600 --> 00:23:46,399 Speaker 2: kid up for post graduation in four more years. How 485 00:23:46,480 --> 00:23:47,840 Speaker 2: much debt they will have? 486 00:23:49,000 --> 00:23:54,160 Speaker 1: Yeah, so what should I do? Hope you have your AUSA. 487 00:23:55,119 --> 00:23:56,320 Speaker 1: Do you want to take another question? 488 00:23:57,080 --> 00:24:00,240 Speaker 2: Yeah, we've got another question. Let me see. So this 489 00:24:00,320 --> 00:24:02,880 Speaker 2: actually came from one of my family members. I went 490 00:24:02,880 --> 00:24:05,240 Speaker 2: and visited some family over the weekend, and of course, 491 00:24:05,359 --> 00:24:08,480 Speaker 2: after I destroyed them and I mean destroyed them in 492 00:24:08,560 --> 00:24:12,240 Speaker 2: yacht sie several times, one of my family members asked me, 493 00:24:12,400 --> 00:24:14,960 Speaker 2: you know, because they're about to get a windfall from 494 00:24:14,960 --> 00:24:18,840 Speaker 2: their employer, and they wanted to know because they just 495 00:24:18,880 --> 00:24:20,560 Speaker 2: took out a mortgage a couple of years ago, and 496 00:24:20,560 --> 00:24:22,639 Speaker 2: they wanted to know, should I take this windfall and 497 00:24:22,680 --> 00:24:25,120 Speaker 2: apply it to my mortgage debt, because you know, I've 498 00:24:25,160 --> 00:24:27,040 Speaker 2: always been debt free. The mortgage was the only dead 499 00:24:27,080 --> 00:24:29,320 Speaker 2: I have right now. Cars paid off. You know, this 500 00:24:29,480 --> 00:24:32,480 Speaker 2: is someone in their in their in their late twenties. 501 00:24:32,520 --> 00:24:35,399 Speaker 2: Cars paid off, no car note, no student debt, just 502 00:24:35,800 --> 00:24:37,719 Speaker 2: a mortgage. Should I take the windfall and paid off? 503 00:24:37,720 --> 00:24:41,320 Speaker 2: And it's a significant sum. So no, it's not from 504 00:24:41,320 --> 00:24:44,160 Speaker 2: our reader inbox. But that was the question. Good question 505 00:24:44,960 --> 00:24:46,440 Speaker 2: the way that I oh. 506 00:24:46,280 --> 00:24:47,520 Speaker 1: Go ahead, yeah, go ahead. 507 00:24:47,760 --> 00:24:49,600 Speaker 2: Since I already gave the answer, it's too late, really, 508 00:24:49,640 --> 00:24:52,360 Speaker 2: but I figured for that person. But for you guys, 509 00:24:52,359 --> 00:24:55,359 Speaker 2: if you're wondering now that I have a mortgage, I 510 00:24:55,720 --> 00:24:57,760 Speaker 2: feel like, you know, the first thing I asked him 511 00:24:57,880 --> 00:24:59,800 Speaker 2: was what was what's your interest rate on your mortgage? 512 00:24:59,800 --> 00:25:02,720 Speaker 2: And yeah, say that, Yeah, it's something like four point 513 00:25:02,840 --> 00:25:05,840 Speaker 2: zero percent because you got it, yeah, over a couple 514 00:25:05,880 --> 00:25:08,840 Speaker 2: of years ago when rates were really low, you know. 515 00:25:08,880 --> 00:25:10,320 Speaker 2: And I said, take a look at your four oh 516 00:25:10,320 --> 00:25:12,240 Speaker 2: one k take you know, log into your He never 517 00:25:12,240 --> 00:25:14,639 Speaker 2: logged into his retirement plan at work. Log in and 518 00:25:14,680 --> 00:25:16,800 Speaker 2: tell me what your annualized rate of return was for 519 00:25:16,880 --> 00:25:19,399 Speaker 2: twenty for the last year, like year to date, how 520 00:25:19,480 --> 00:25:22,160 Speaker 2: much have you earned on your investment. It was something 521 00:25:22,200 --> 00:25:23,920 Speaker 2: like thirteen percent twelve or thirteen points. 522 00:25:23,960 --> 00:25:26,879 Speaker 1: Oh that's good, yeah, which. 523 00:25:26,800 --> 00:25:28,639 Speaker 2: You know, this was a really it was kind of 524 00:25:28,680 --> 00:25:30,000 Speaker 2: an up and down year. It was like a big 525 00:25:30,040 --> 00:25:31,919 Speaker 2: crash last year in the beginning of the year, but 526 00:25:31,960 --> 00:25:34,320 Speaker 2: then the market rebounded. But I was like, take a 527 00:25:34,359 --> 00:25:37,240 Speaker 2: look at the percent you're earning on your little four 528 00:25:37,240 --> 00:25:39,000 Speaker 2: to one k investment, which was I think he has 529 00:25:39,040 --> 00:25:41,280 Speaker 2: some kind of target date fund, and then take a 530 00:25:41,280 --> 00:25:43,120 Speaker 2: look at what you're earned, what you're paying on your 531 00:25:43,119 --> 00:25:45,800 Speaker 2: mortgage rate. And for that reason, I think one of 532 00:25:45,840 --> 00:25:48,920 Speaker 2: the first things you should consider is putting more towards 533 00:25:48,920 --> 00:25:53,160 Speaker 2: your retirement fund. With the you know, with a mid 534 00:25:53,240 --> 00:25:56,600 Speaker 2: year kind of windfall like that, it's not like you 535 00:25:56,640 --> 00:25:59,159 Speaker 2: can your market to max out your four to one K, 536 00:25:59,280 --> 00:26:01,840 Speaker 2: But I said, what you could do is open up 537 00:26:01,880 --> 00:26:06,280 Speaker 2: a ROTH individual retirement account. So Roth's IRA. Max that out. 538 00:26:06,440 --> 00:26:08,120 Speaker 2: Do you think it's sixty five hundred for the year 539 00:26:08,200 --> 00:26:08,760 Speaker 2: something like that? 540 00:26:09,320 --> 00:26:09,640 Speaker 3: It is. 541 00:26:10,480 --> 00:26:13,000 Speaker 2: And this is also someone who doesn't have a huge 542 00:26:13,000 --> 00:26:16,160 Speaker 2: emergency fund, and I said, get comfortable with your emergency fund, 543 00:26:16,200 --> 00:26:18,640 Speaker 2: so max out what you think you need for six 544 00:26:18,680 --> 00:26:22,280 Speaker 2: months or whatnot, and then think about opening a brokerage 545 00:26:22,280 --> 00:26:25,399 Speaker 2: account with the leftovers, and you can invest in the 546 00:26:25,440 --> 00:26:27,600 Speaker 2: same types of funds that you're four one k's invested in. 547 00:26:27,680 --> 00:26:29,639 Speaker 2: You can just do that on your own with a 548 00:26:29,720 --> 00:26:33,960 Speaker 2: you know, a tax attacked brokerage account through E Trade 549 00:26:34,000 --> 00:26:37,919 Speaker 2: or Vanguard or whatever. There's a million options. But you know, 550 00:26:38,040 --> 00:26:40,080 Speaker 2: rushing to pay off the mortgage even though it's debt, 551 00:26:40,720 --> 00:26:42,160 Speaker 2: and this is something that I thought about too, Even 552 00:26:42,160 --> 00:26:44,560 Speaker 2: though it's debt, you have to think about, Okay, well, 553 00:26:44,640 --> 00:26:47,360 Speaker 2: what's the value of the home, what's your equity. It's 554 00:26:47,359 --> 00:26:49,600 Speaker 2: not like it's debt that's like a credit card debt 555 00:26:49,640 --> 00:26:50,919 Speaker 2: that has no value for you. 556 00:26:51,560 --> 00:26:54,200 Speaker 1: Yeah, I mean that was honestly that you couldn't have 557 00:26:54,200 --> 00:26:58,200 Speaker 1: given a more perfect answer. I was thinking that because no, 558 00:26:58,280 --> 00:26:59,359 Speaker 1: but I get it, because you know, you and I 559 00:26:59,400 --> 00:27:02,400 Speaker 1: are both like debt averse, so you know, I get 560 00:27:02,440 --> 00:27:03,880 Speaker 1: it where you're like, I don't know what this at, 561 00:27:04,040 --> 00:27:06,800 Speaker 1: but if the debt's costing you, Like I had to 562 00:27:06,800 --> 00:27:09,320 Speaker 1: make that decision with my student loans when I was 563 00:27:09,359 --> 00:27:12,640 Speaker 1: aggressively paying them off and then I had to stop 564 00:27:12,800 --> 00:27:15,320 Speaker 1: because at some point I really was looking at a 565 00:27:15,359 --> 00:27:18,200 Speaker 1: tiffany your student loan indust rate. This is before you know, 566 00:27:18,200 --> 00:27:20,920 Speaker 1: on the fullestness that y'all are paying now, my student 567 00:27:20,960 --> 00:27:23,600 Speaker 1: loan interest rate was like three percent. I was like, Tiffany, 568 00:27:23,600 --> 00:27:26,920 Speaker 1: you are losing three percent, you know, to student loans, right, 569 00:27:27,400 --> 00:27:31,560 Speaker 1: but and looking at your retirement account, you're gaining ten 570 00:27:31,640 --> 00:27:36,640 Speaker 1: twelve percent, so you can pay off the student loans, 571 00:27:36,840 --> 00:27:39,600 Speaker 1: so you can stop losing three. But then you missed 572 00:27:39,600 --> 00:27:42,680 Speaker 1: out on the opportunity to gain ten. And what I 573 00:27:42,760 --> 00:27:45,359 Speaker 1: ended up doing, anyway, is I just started paying student 574 00:27:45,400 --> 00:27:48,000 Speaker 1: loans the minimum and I put the money toward my 575 00:27:48,160 --> 00:27:52,119 Speaker 1: business instead, because I realized that that my return on 576 00:27:52,200 --> 00:27:56,359 Speaker 1: investment from the Bunjanista was even better than my retirement account. 577 00:27:56,520 --> 00:27:59,119 Speaker 1: And I grew my six figure a year business, my 578 00:27:59,160 --> 00:28:01,600 Speaker 1: low six figure business, to a multiphole seven figure of 579 00:28:01,600 --> 00:28:04,560 Speaker 1: your business. So and then last year I had more 580 00:28:04,560 --> 00:28:06,360 Speaker 1: than enough to say, hey, I have a lump sum. 581 00:28:06,359 --> 00:28:08,399 Speaker 1: My student loan debt was like fifty three thousand dollars. 582 00:28:08,520 --> 00:28:11,320 Speaker 1: I have a lump sum to pay the student loan debt. 583 00:28:11,320 --> 00:28:13,679 Speaker 1: But that was like seven years in the making, you know, 584 00:28:14,359 --> 00:28:16,840 Speaker 1: So it wasn't it just it made more sense to 585 00:28:16,960 --> 00:28:19,520 Speaker 1: use that money to make money than to use that 586 00:28:19,560 --> 00:28:22,840 Speaker 1: money to pay off debt, because debt free is not wealth. 587 00:28:23,280 --> 00:28:24,960 Speaker 1: Wealth can make you debt free. 588 00:28:24,720 --> 00:28:27,639 Speaker 2: Though, one hundred thousand percent. 589 00:28:41,920 --> 00:28:44,000 Speaker 1: Okay, I know it's a little bit of a short episode. 590 00:28:44,000 --> 00:28:47,280 Speaker 1: You know, we're gonna dip our baby tow in do 591 00:28:47,480 --> 00:28:49,800 Speaker 1: we have brown break brown. 592 00:28:49,600 --> 00:28:52,880 Speaker 2: Boost always I've missed this sole segment. It wasn't the 593 00:28:52,920 --> 00:28:55,080 Speaker 2: same without you brown boosting and brown breaking. 594 00:28:56,280 --> 00:28:59,040 Speaker 1: Well, I was gonna say ladies first. Meanwhile I'm a lady, 595 00:28:59,080 --> 00:29:03,040 Speaker 1: but go ahead, and youth with more beauty for age. 596 00:29:03,080 --> 00:29:05,120 Speaker 1: I don't know, just go ahead. You can round break 597 00:29:05,120 --> 00:29:05,880 Speaker 1: around boost ters. 598 00:29:05,840 --> 00:29:07,800 Speaker 2: One hundred percent. This is what I've been complaining about 599 00:29:07,840 --> 00:29:10,280 Speaker 2: for a while now. If you're out there hiring right now, 600 00:29:10,360 --> 00:29:12,560 Speaker 2: I just want to, you know, raise a glass of 601 00:29:12,600 --> 00:29:14,960 Speaker 2: wine to you and say clink, because it is so 602 00:29:15,120 --> 00:29:18,800 Speaker 2: hard finding good job candidates and people continue because right now, 603 00:29:18,800 --> 00:29:21,880 Speaker 2: the the job market is so good. I mean, everyone's 604 00:29:21,880 --> 00:29:24,560 Speaker 2: got jobs. So if you're looking for help, like you're 605 00:29:24,600 --> 00:29:28,120 Speaker 2: looking for people, whether it's freelance or full time, it's 606 00:29:28,160 --> 00:29:30,280 Speaker 2: a struggle because you're in the position of needing to 607 00:29:30,320 --> 00:29:33,440 Speaker 2: poach people. And often when you're poaching people, it's sort 608 00:29:33,440 --> 00:29:35,440 Speaker 2: of like when they say it's a seller's market or 609 00:29:35,480 --> 00:29:38,480 Speaker 2: buyer's market when it comes to housing right now, I 610 00:29:38,480 --> 00:29:40,960 Speaker 2: feel like it's a buyer's market. So it's an employees 611 00:29:41,120 --> 00:29:43,360 Speaker 2: market where you have people like me who are looking 612 00:29:43,400 --> 00:29:45,520 Speaker 2: to find really talented people, but you already have jobs. 613 00:29:45,520 --> 00:29:49,640 Speaker 2: So there's there's it's driving up the cost of labor, 614 00:29:49,760 --> 00:29:52,280 Speaker 2: so people you're needing to pay people a lot more 615 00:29:52,320 --> 00:29:54,640 Speaker 2: than usual because you need to like lure them away 616 00:29:54,680 --> 00:29:56,480 Speaker 2: from jobs that they may be happy at. You know, 617 00:29:56,520 --> 00:30:00,560 Speaker 2: then may be like yeah, fine with and you know 618 00:30:00,560 --> 00:30:02,200 Speaker 2: a lot of people have gotten jobs in the last 619 00:30:02,240 --> 00:30:03,800 Speaker 2: couple of years, so it's not like they've been there 620 00:30:03,880 --> 00:30:07,120 Speaker 2: very long. So it's just a struggle. And one of 621 00:30:07,120 --> 00:30:10,360 Speaker 2: the things that you know, it's just it's just part 622 00:30:10,400 --> 00:30:12,440 Speaker 2: of you know, what it is hiring, And in spite 623 00:30:12,480 --> 00:30:14,120 Speaker 2: of it, I've still managed to put together a really 624 00:30:14,120 --> 00:30:16,720 Speaker 2: strong team. But you know, as any manager, like the 625 00:30:16,760 --> 00:30:19,280 Speaker 2: recruitment never ends. I feel like I'm always trying to 626 00:30:19,280 --> 00:30:23,240 Speaker 2: fill one role for whatever reason. But one thing, like 627 00:30:23,480 --> 00:30:25,719 Speaker 2: a piece of advice I would give from my experience 628 00:30:26,000 --> 00:30:29,000 Speaker 2: hiring the past few years, is like, if you are 629 00:30:29,320 --> 00:30:32,440 Speaker 2: in a job, if you're in the job interview process 630 00:30:32,480 --> 00:30:35,160 Speaker 2: and you're toward the end so either you're about to 631 00:30:35,160 --> 00:30:37,200 Speaker 2: get an offer, or you've gotten an offer, or you're 632 00:30:37,200 --> 00:30:39,400 Speaker 2: in the final interview round. At that point, if you 633 00:30:39,440 --> 00:30:43,240 Speaker 2: decide to withdraw from the the you know, you decide 634 00:30:43,240 --> 00:30:45,440 Speaker 2: to turn down the offer or withdraw yourself from the 635 00:30:45,560 --> 00:30:48,880 Speaker 2: interview process, send a note to the hiring manager personally. 636 00:30:49,680 --> 00:30:52,480 Speaker 2: And I say this because I've had candidates who I've 637 00:30:52,520 --> 00:30:54,480 Speaker 2: invested a lot of time myself in and pushed for 638 00:30:55,120 --> 00:30:58,520 Speaker 2: and they've turned around and withdrawn or turned out an offer. 639 00:30:58,560 --> 00:31:00,920 Speaker 2: But just send an email to the random recruiter who 640 00:31:00,920 --> 00:31:03,560 Speaker 2: they emailed, like maybe in the beginning of the process, 641 00:31:03,920 --> 00:31:05,840 Speaker 2: maybe even not if I was the first person to 642 00:31:05,880 --> 00:31:08,040 Speaker 2: reach out to them. And as much as I know 643 00:31:08,120 --> 00:31:10,800 Speaker 2: I'm not supposed to be offended, it really like kind 644 00:31:10,800 --> 00:31:14,000 Speaker 2: of pisses me off. It makes me feel disrespected that 645 00:31:14,080 --> 00:31:16,720 Speaker 2: they wouldn't take the time to send a personal note, 646 00:31:17,080 --> 00:31:19,520 Speaker 2: you know, thinking me for the time or whatever. And 647 00:31:19,600 --> 00:31:23,560 Speaker 2: also I'm still hiring right, so if in the future 648 00:31:24,080 --> 00:31:27,040 Speaker 2: this person you know, wanted to be employed or wanted 649 00:31:27,080 --> 00:31:29,800 Speaker 2: to to follow back up about another position, like, don't 650 00:31:29,840 --> 00:31:33,160 Speaker 2: you want to leave the interview process in the best 651 00:31:33,200 --> 00:31:37,600 Speaker 2: possible with the best possible you know, tone and like 652 00:31:37,920 --> 00:31:40,560 Speaker 2: leaving the right taste on someone's mouth afterward, you know. 653 00:31:40,720 --> 00:31:43,760 Speaker 2: So that's that's my advice. I do the same thing 654 00:31:43,800 --> 00:31:45,840 Speaker 2: in return. I make sure you know, I was on 655 00:31:45,920 --> 00:31:48,720 Speaker 2: vacation on Friday and I called two candidates to turn 656 00:31:48,800 --> 00:31:51,640 Speaker 2: to tell them personally that that we were not moving 657 00:31:51,640 --> 00:31:54,920 Speaker 2: forward with their applications or you know, for the jobs, 658 00:31:54,920 --> 00:31:58,600 Speaker 2: because I wanted to give them the treatment that I 659 00:31:58,640 --> 00:32:03,520 Speaker 2: that I, you know, prize and respect from candidates in return. 660 00:32:04,240 --> 00:32:07,480 Speaker 2: So that's just my that's my break and my advice. 661 00:32:07,640 --> 00:32:10,160 Speaker 2: If you are like, it's smart, you know, if you 662 00:32:10,200 --> 00:32:11,920 Speaker 2: have a job right now, and if people are reaching 663 00:32:11,920 --> 00:32:14,239 Speaker 2: out to you. I get emails personally from recruiters all 664 00:32:14,240 --> 00:32:16,120 Speaker 2: the time. So and so was hiring this. You know, 665 00:32:16,160 --> 00:32:18,760 Speaker 2: are you interested if you take those calls, if you 666 00:32:18,880 --> 00:32:21,920 Speaker 2: entertain those offers just because you're trying to see what 667 00:32:22,000 --> 00:32:23,640 Speaker 2: else is out there and see how much money someone 668 00:32:23,720 --> 00:32:25,520 Speaker 2: might be able to pay you, but you have no 669 00:32:25,600 --> 00:32:27,800 Speaker 2: intention of taking the job. Think about what might happen 670 00:32:27,840 --> 00:32:31,000 Speaker 2: if you let it go very far and then bow 671 00:32:31,080 --> 00:32:32,920 Speaker 2: out of that. You know, at the very end, when 672 00:32:32,920 --> 00:32:36,120 Speaker 2: someone's invested time, When you think about that, your reputation 673 00:32:36,320 --> 00:32:42,160 Speaker 2: and your reputation professionally. And also I'm not saying it's 674 00:32:42,200 --> 00:32:44,840 Speaker 2: not smart to do that. I'm not an idiot. Like, 675 00:32:44,880 --> 00:32:47,400 Speaker 2: the only way I was able to catch up and 676 00:32:47,600 --> 00:32:52,040 Speaker 2: actually earn what you know, a market salary because I 677 00:32:52,080 --> 00:32:54,040 Speaker 2: was hired at the bottom of the recession, when people 678 00:32:54,040 --> 00:32:56,480 Speaker 2: when the rates were so low for people doing what 679 00:32:56,520 --> 00:32:58,200 Speaker 2: I was doing, the only way I could catch up 680 00:32:58,200 --> 00:33:01,400 Speaker 2: with my peers was to job hop. Stand it. It's smart, 681 00:33:01,920 --> 00:33:04,560 Speaker 2: but you have to do it in a respectful way. Yeah, 682 00:33:04,680 --> 00:33:08,960 Speaker 2: you're not burning those bridges because they're all comment over. Yes, 683 00:33:09,080 --> 00:33:11,520 Speaker 2: one hundred percent. Yes, and especially in a small world 684 00:33:11,600 --> 00:33:13,400 Speaker 2: like personal finance, journalism. 685 00:33:13,400 --> 00:33:16,400 Speaker 1: Get up. But my sister said that she was in 686 00:33:16,480 --> 00:33:19,760 Speaker 1: a she was a scientist in pharmaceuticals, and she was like, 687 00:33:19,800 --> 00:33:23,600 Speaker 1: I can't. She literally went from Jersey to Chicago to 688 00:33:23,640 --> 00:33:25,680 Speaker 1: hear it, and she's like, I'm seeing the same people 689 00:33:25,800 --> 00:33:28,719 Speaker 1: like around the country and she was like, WHOA, If 690 00:33:28,760 --> 00:33:30,280 Speaker 1: I pissed these people off, this would have been like 691 00:33:30,280 --> 00:33:35,800 Speaker 1: a really bad you know. And so so mine is 692 00:33:35,840 --> 00:33:38,120 Speaker 1: really just a quick little boost. My boost is just 693 00:33:38,320 --> 00:33:40,720 Speaker 1: for the first time. I tried to rent the runway. 694 00:33:41,560 --> 00:33:42,360 Speaker 3: For the first time. 695 00:33:42,440 --> 00:33:44,000 Speaker 2: Hello, twenty fourteen. 696 00:33:44,120 --> 00:33:47,560 Speaker 1: I know. I mean you no, I'm not an early adapter, 697 00:33:47,760 --> 00:33:52,480 Speaker 1: let's say, and so you know, because I mean I'm 698 00:33:52,680 --> 00:33:55,240 Speaker 1: you know, fairly frugal, and you know, I'm just doing 699 00:33:55,280 --> 00:33:58,240 Speaker 1: more and more speaking engagements, and I'm like, oh, I 700 00:33:58,480 --> 00:34:00,440 Speaker 1: like I'm either having to like run get like a 701 00:34:00,480 --> 00:34:02,400 Speaker 1: new dress, which I don't spend a whole lot of 702 00:34:02,400 --> 00:34:03,960 Speaker 1: money on dresses. I would say I averaged probably like 703 00:34:04,000 --> 00:34:06,760 Speaker 1: forty fifty bucks. But still you think about like I 704 00:34:06,840 --> 00:34:09,400 Speaker 1: might have three engagements in a week, and I'm like, well, 705 00:34:09,680 --> 00:34:11,920 Speaker 1: unless I'm re wearing the same thing over and over 706 00:34:11,960 --> 00:34:14,120 Speaker 1: and after a while, you know, I have maybe like 707 00:34:14,680 --> 00:34:17,080 Speaker 1: ten fifteen staple dresses, which sounds like a lot until 708 00:34:17,120 --> 00:34:21,040 Speaker 1: you say you've done fifteen things whether it's TV or 709 00:34:21,080 --> 00:34:23,359 Speaker 1: whatever in a month, and then you're like, well, what 710 00:34:23,360 --> 00:34:26,080 Speaker 1: do I wear next month? So I decided to try it. 711 00:34:26,120 --> 00:34:29,880 Speaker 1: I have to say that my first crop was already awesome. 712 00:34:29,920 --> 00:34:33,439 Speaker 1: I picked four dresses I'm doing like the Unlimited, and 713 00:34:33,880 --> 00:34:36,160 Speaker 1: three of them were a hit. I was like, wow, 714 00:34:36,200 --> 00:34:39,920 Speaker 1: three of them fit well. One was I didn't realize 715 00:34:39,960 --> 00:34:42,200 Speaker 1: it was a split. I needed to read the directions, like, 716 00:34:42,200 --> 00:34:43,759 Speaker 1: like the description a little more. I was like, ooh, 717 00:34:43,800 --> 00:34:45,920 Speaker 1: this is too sezy for the sake for the stage. 718 00:34:45,920 --> 00:34:47,640 Speaker 1: But it was still cute, so I had to say, 719 00:34:47,640 --> 00:34:51,040 Speaker 1: I'm really pleased, and yeah, I like it. I love 720 00:34:51,080 --> 00:34:53,799 Speaker 1: the packaging that it comes in. It's super easy to use, 721 00:34:53,880 --> 00:34:56,880 Speaker 1: and yeah, I really want to buy less clothes. I 722 00:34:56,920 --> 00:34:58,600 Speaker 1: just want to be able to wear it, be cute 723 00:34:58,640 --> 00:35:01,040 Speaker 1: and then send it back. So rent the one way. 724 00:35:01,080 --> 00:35:04,080 Speaker 1: I know I'm late, but whatever, I'm just getting a 725 00:35:04,160 --> 00:35:06,239 Speaker 1: boost because you know, I had not tried it yet. 726 00:35:06,320 --> 00:35:08,200 Speaker 2: I know it's been in medicine. I've used to actually 727 00:35:08,200 --> 00:35:10,680 Speaker 2: forgot about it. I'm like thinking, dang, it's been I 728 00:35:10,760 --> 00:35:12,400 Speaker 2: used to use it all the time. I should get 729 00:35:12,440 --> 00:35:14,200 Speaker 2: back on it. You're right, it's annoying to have to 730 00:35:14,200 --> 00:35:16,799 Speaker 2: buy new stuff. Yeah, I'm just teasing you. 731 00:35:16,920 --> 00:35:20,000 Speaker 1: It's fine, It's okay, but I'm like, you know, I'm 732 00:35:20,000 --> 00:35:22,400 Speaker 1: a little late. I was like, what even like the 733 00:35:22,400 --> 00:35:24,400 Speaker 1: place at my office, there's like a young receptionist she 734 00:35:24,400 --> 00:35:26,600 Speaker 1: can't be more than like eighteen nineteen, and I was like, 735 00:35:26,600 --> 00:35:28,280 Speaker 1: oh my god, I'm getting my first rent the runway. 736 00:35:28,360 --> 00:35:30,399 Speaker 1: She looked at me like, girl, are you like, where 737 00:35:30,400 --> 00:35:32,680 Speaker 1: have you been living in the cage? That was like 738 00:35:32,760 --> 00:35:35,440 Speaker 1: what the front desk. Girl uses fout the runway. She's 739 00:35:35,560 --> 00:35:37,879 Speaker 1: like girl all the time, and I was like, oh, 740 00:35:37,920 --> 00:35:41,680 Speaker 1: well whatever, So yeah, that's my, that's my, that's napist. 741 00:35:43,000 --> 00:35:45,920 Speaker 1: So I know it's time to say goodbye to all 742 00:35:45,960 --> 00:35:52,680 Speaker 1: our family. B r own Ambition. I'm so glad to 743 00:35:52,760 --> 00:35:56,680 Speaker 1: have you back to It's great to be back, honestly. 744 00:35:57,120 --> 00:36:01,880 Speaker 2: Hope you feel lovely and rested your little staycation. As 745 00:36:01,960 --> 00:36:04,520 Speaker 2: goals for me, I'm hoping to do something this summer, 746 00:36:04,600 --> 00:36:05,640 Speaker 2: finally take a little break. 747 00:36:06,640 --> 00:36:08,000 Speaker 3: Good good, Just let me now. 748 00:36:08,800 --> 00:36:11,160 Speaker 2: All right, guys, that's the show. I forgot to mention it, 749 00:36:11,200 --> 00:36:13,160 Speaker 2: but if you have questions, hit us up Brand Ambition 750 00:36:13,280 --> 00:36:15,239 Speaker 2: Podcasts at gmail dot com, or you can go to 751 00:36:15,280 --> 00:36:17,279 Speaker 2: our website brandhibition podcast dot com. 752 00:36:18,560 --> 00:36:20,400 Speaker 1: All right, I'll see you on the interwebs.