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Speaker 1: Hey, hey, ba fam, I am so excited to bring

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Speaker 1: you another how to throwback. This was from last summer

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Speaker 1: when we had this incredible series of guests with Chris

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Speaker 1: Browning from Popcorn Finance. Oh, Chris, I miss you and

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Speaker 1: you're so he has the most soothing voice you'll ever hear,

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Speaker 1: and the fact that he talks about money. I'm just like, Yes,

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Speaker 1: it's a cozy, warm blanket of a man. That's what

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Speaker 1: Chris Browning is. We also have my forever fave Berna

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Speaker 1: and Nat from Hey Berna on the Show, and Jamila

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Speaker 1: Soou Front Journey to Launch, and lastly Janie Torres from

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Speaker 1: Yo Kioto Dineo. We are looking back today at some

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Speaker 1: of the most memorable moments from that co host series,

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Speaker 1: So check it out. Ooh, I'm gonna listen to this

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Speaker 1: one because I mean, I like to listen to them all,

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Speaker 1: but a little roundup of my favorite people talking on

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Speaker 1: our show is just too good to miss. So I

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Speaker 1: hope you guys enjoy this, and while you're listening, don't

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Speaker 1: be shy leave us a review. We got some incredible

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Speaker 1: reviews from a couple of listeners. We got one from

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Speaker 1: Casey and from travel by Faith, who are so sweet

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Speaker 1: and so generous and said the nicest thing about our

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Speaker 1: show on Apple Podcasts. So please take the time to

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Speaker 1: leave us a review. We will read them on the show.

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Speaker 1: And yeah, we just love y'all so much. Okay, here

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Speaker 1: is our how to episode for this week.

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Speaker 2: Now, have the time of my life.

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Speaker 3: Okay, just kidding.

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Speaker 1: I've really miss Tiffany, but we made it, y'all, and

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Speaker 1: I can't thank my guest co host enough for joining

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Speaker 1: me and holding my hand through this period of separation

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Speaker 1: while Tiffany has been on a much needed rest and

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Speaker 1: recharge of AKA. I want to thank Chris Browning of

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Speaker 1: Popcorn Finance Berna and Nat from Hey Berna, Jamila Soufran

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Speaker 1: from Journey to Launch, and last but not least, Janie

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Speaker 1: Torres Rodriguez from Yo Kioto Dineto Podcast for joining me

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Speaker 1: this past month. Y'all.

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Speaker 3: I can't believe we made it.

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Speaker 1: I had such a good time getting to know these

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Speaker 1: guys better, and I feel like I've got four new

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Speaker 1: financial besties already. Now, this reference is strictly for the millennials,

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Speaker 1: so boomers and gen zers, sorry, not sorry. So y'all,

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Speaker 1: remember those old episodes of Saved by the bell where

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Speaker 1: they meet up at the Max and they reminisce about

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Speaker 1: the school year and they look longingly at nothing in

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Speaker 1: particular in the distance, and then it happens. The screen

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Speaker 1: goes all squiggly and you realize it's one of those episodes,

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Speaker 1: a recap of some of the best moments from the

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Speaker 1: season's past. Well, here we go, Bayside Tigers, I mean,

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Speaker 1: ba fam, I am about to walk down memory Lane

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Speaker 1: and replay some of the most memorable moments from our

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Speaker 1: summer co host series. This is the greatest hits over

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Speaker 1: the last month, and I hope you guys enjoy them

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Speaker 1: as much as I did getting to relive some of

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Speaker 1: these common when I'm in the co host chair. Honestly,

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Speaker 1: sometimes I told Berna this when we had lunch last week. Yeah,

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Speaker 1: we like hang out now, I told her that. Honestly,

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Speaker 1: sometimes I feel like I had these conversations and I

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Speaker 1: semi blackout and I have a hard time remembering. So

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Speaker 1: it was really fun to walk back down memory lane

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Speaker 1: and pick out what I thought were some of the

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Speaker 1: really poignant and powerful moments that I had recording with

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Speaker 1: these amazing co hosts. So sit back and relax and

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Speaker 1: enjoy this look back que the Squiggly Dreamy music Cali.

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Speaker 3: Okay.

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Speaker 1: Our first trip down memory Lane starts with my conversation

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Speaker 1: with the wonderful Chris Browning. He and I took a

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Speaker 1: question from listener Laschen, who was asking about the difference

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Speaker 1: between having a budgeting problem and an income problem. Lachine says,

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Speaker 1: I just found your podcast after buying Tiffany's book, and

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Speaker 1: I'm obsessed in her book, which is I will add

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Speaker 1: here you guys called Get Good with Money, which you

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Speaker 1: can get I Get Good with Money. It's an eight

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Speaker 1: week National wait, eight week New York Times bestseller. At

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Speaker 1: this point, it's insane anyway, So Laschen found us through

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Speaker 1: her book. She says, in the book, Tiffany talked about

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Speaker 1: determining if you have a budgeting problem or an income

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Speaker 1: slash earning problem. And I think I have an earning problem.

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Speaker 1: When I wanted to get y'all's opinion, I make fifty

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Speaker 1: thousand dollars a year. After taxes and insurance and my

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Speaker 1: retirement retirement savings, I'm left with about twenty nine hundred

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Speaker 1: dollars per month. I can comfortably pay my bills, save

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Speaker 1: for travel, and add money to my IRA. But that's

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Speaker 1: about it. I want to save more, but there's nowhere

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Speaker 1: else in my budget. I feel like I can slice

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Speaker 1: and dice. What do you guys think? So, what's your

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Speaker 1: take on like a budget versus an income problem?

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Speaker 4: Chris, This is a great question here, and I think

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Speaker 4: sometimes we do get trapped in they Okay, let's let's budget,

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Speaker 4: let's cut and let's save where we can, which is

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Speaker 4: good to go through and evaluate your budget and see

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Speaker 4: where you're maybe wasting money. But the only thing is

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Speaker 4: you can only cut so much. If you've already you

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Speaker 4: got your stuff under control, and you're really diligent with

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Speaker 4: how you spend, you're going to get to a point

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Speaker 4: where you just can't cut anything else. And if you

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Speaker 4: want to increase your or increase the money available to

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Speaker 4: invest and do other things with, yeah, you have to

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Speaker 4: make more, which is it's much harder than cutting, but

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Speaker 4: it's way more impactful in the long run.

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Speaker 1: Yeah. I mean, if you guys need to hear it

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Speaker 1: here first. Although I'm pretty sure we've said it before,

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Speaker 1: you cannot budget your way to wealth building.

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Speaker 2: You can't do it.

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Speaker 1: You cannot become rich by budgeting. You can get part

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Speaker 1: of the way there. Certainly you can, and it's certainly

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Speaker 1: a good starting point, and I think most levels you

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Speaker 1: should have at least an idea of what's going in

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Speaker 1: and what's going out and what's left over. Budgeting is amazing,

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Speaker 1: but it ain't going to get you there, and I

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Speaker 1: think I think it definitely sounds like if you're to

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Speaker 1: the point where you want to put more money away

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Speaker 1: and you just don't have it and you can't. Literally

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Speaker 1: you've looked at the budget and you're like, what am

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Speaker 1: I going to do? Like live in my car? You can't.

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Speaker 1: You know, there's nothing else to slice and dice, like

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Speaker 1: you say, so it is time to start looking at

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Speaker 1: a couple different things. I am huge about the impact

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Speaker 1: your career. I'm very passionate about the impact that your

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Speaker 1: career choices can have in helping you accumulate wealth. And

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Speaker 1: I'm also huge on looking for additional income streams on

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Speaker 1: top of, you know, outside of your nine to five

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Speaker 1: job or whatever work you happen to do, so that

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Speaker 1: you diversify the income streams that you have. After a

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Speaker 1: year like this, it certainly feels like a lot of

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Speaker 1: people were turning to side hobbies or side hustles as

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Speaker 1: they say, you're starting their own businesses to bring in

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Speaker 1: extra money. Because it was a real kick in the ass,

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Speaker 1: you know, to realize how vulnerable we all were, especially

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Speaker 1: those of us who were tied to a nine to

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Speaker 1: five job that either you had layoffs or cut back hours.

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Speaker 1: I mean, it all felt very like scary and a

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Speaker 1: good reminder about the importance of having those different income streams. So,

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Speaker 1: I mean, Chris, both and I. You and I both

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Speaker 1: have podcasts. You know, I don't think either of us

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Speaker 1: is rolling in the dough from the podcast life, but

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Speaker 1: especially not as you're getting all the upgraded equipment that

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Speaker 1: it sounds like you're accumulating. But you know, talk about

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Speaker 1: like the podcast and what other what do you what

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Speaker 1: do you think about different income streams and how someone

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Speaker 1: could you know, bring in extra wealth?

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Speaker 4: Uh yeah, I mean obviously I'm I'm a fan of

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Speaker 4: doing other things and building other streams of income and

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Speaker 4: businesses and just things you own on your own. Because one,

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Speaker 4: I just enjoy the process of making something and having

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Speaker 4: it something that I've created is just it's just a

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Speaker 4: cool experience and just I don't know, it makes you

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Speaker 4: feel good, Like look I've made this thing. I've put

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Speaker 4: my time and sweat into this and it's here. So

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Speaker 4: I'm definitely for finding things that you're you're passionate about,

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Speaker 4: that you enjoy doing, that you see an opportunity to

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Speaker 4: have a viable business doing, and pursuing those because, like

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Speaker 4: you said, you know, jobs are secure intil they're not

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Speaker 4: until something happens where they need to move on from you.

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Speaker 4: You know, things could change overnight. But but just like you,

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Speaker 4: I'm a huge fan of growing within your career. That

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Speaker 4: was one of the biggest things that helped us get

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Speaker 4: out of debt when my wife and I kind of

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Speaker 4: got serious about our finances. We had about twenty seven

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Speaker 4: thousand dollars in credit card debt and we were taking

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Speaker 4: home like forty five thousand dollars between the two of us,

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Speaker 4: which was not enough money and not especially not in

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Speaker 4: southern California. It is not much.

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Speaker 3: Did you do that?

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Speaker 4: Wow? It was rough. We were living in a tiny house,

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Speaker 4: a very small studio for several years, and really we

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Speaker 4: cut our budget down to like nothing, like we were

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Speaker 4: not having any fun, Nothing was getting spent that didn't

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Speaker 4: need to be spent, and it still was going so slow.

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Speaker 4: It was. It was such a long journey, and so

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Speaker 4: for me, that's what I went and I left at Okay,

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Speaker 4: this is how much I'm making. I think at the time,

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Speaker 4: I've got how much I was making by myself, but

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Speaker 4: it wasn't I clearly wasn't a lot. What do I

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Speaker 4: need to do? And so that's when I started saying,

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Speaker 4: all right, what professional organizations can I join. I started

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Speaker 4: joining these different groups for book keepers, and I would

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Speaker 4: go to conferences and I would help organize as speakers,

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Speaker 4: and then I would meet other people from other places

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Speaker 4: and I would find out about new openings and build

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Speaker 4: up my resumes. When I applied for the next job,

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Speaker 4: it's like, whoh you did all of this, Like, oh yeah,

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Speaker 4: you know, you can kind of pump yourself up, and

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Speaker 4: so doing things like that it allowed me to increase

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Speaker 4: my income so much faster than if I would have

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Speaker 4: just stayed at my one job and hoped for a

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Speaker 4: nice raise, which wasn't going to gum.

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Speaker 1: What were you doing at the time. Your backgrounds in accounting.

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Speaker 4: Uh, yeah, like accounting and bookkeeping work. So at the

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Speaker 4: time I was a payroll supervisor. I was running a

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Speaker 4: perill department at a school district actually, and.

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Speaker 1: You're managing paychecks and trying to get a bigger one.

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Speaker 4: Exactly. I would see everyone who was making more money

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Speaker 4: than me and be like, all right, I need to

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Speaker 4: do something about this.

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Speaker 1: That's got to be really depressed.

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Speaker 3: You know, when you.

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Speaker 4: See some of those paychecks, you're like, I don't know

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Speaker 4: what these people are doing right now, but I need

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Speaker 4: to make some changes and get one of these because

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Speaker 4: it's way more than I'm king.

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Speaker 1: You know what's bad if you're like jealous of a

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Speaker 1: Like I don't know what kind of school teachers these were,

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Speaker 1: but I'm feeling like a middle school math teacher is

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Speaker 1: making more. It's like, ooh, okay.

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Speaker 3: It's time.

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Speaker 4: Yeah. I was like, because we all know teachers aren't

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Speaker 4: paid that well, and I was getting paid a lot

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Speaker 4: less than than the majority of teachers.

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Speaker 1: That's a crime. Yeah, I've I love that, you know.

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Speaker 1: I was recently celebrating with my husband because we've really

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Speaker 1: been focused on increasing our net worth and we did

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Speaker 1: the math with our planner and realized that we have

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Speaker 1: increased our net worth by tenfold in the last five years.

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Speaker 3: Wow.

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Speaker 1: And I was I was sitting down and we're going

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Speaker 1: to I'm gonna do a specific show about it. But

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Speaker 1: as I was sitting through and working through, you know,

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Speaker 1: how did we do this? I'll tell you one thing.

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Speaker 1: It wasn't by budgeting the most significant, the biggest reasons.

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Speaker 1: And I part of me almost feels a little, or

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Speaker 1: used to feel a little not ashamed. But I think

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Speaker 1: people want to hear that we just pulled ourselves up

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Speaker 1: by our bootstraps, and you know, we coop on and

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Speaker 1: we we were good people and we just worked real hard.

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Speaker 1: They want to hear that kind of story. But the

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Speaker 1: truth is was that I was super ruthless with pursuing

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Speaker 1: new opportunities when two things were true, when I could

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Speaker 1: earn significantly more, and when I could challenge myself professionally.

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Speaker 1: So when I could when I was offered, when I

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Speaker 1: was offered I was in other jobs, and when I

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Speaker 1: was offered opportunities to move to a different company, as

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Speaker 1: long as the opportunity was professionally rich, like I could

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Speaker 1: I was learning a new skill, I was getting to

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Speaker 1: try a new position or something like that, and it

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Speaker 1: came with additional income. I was definitely willing to take it.

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Speaker 1: And I was very risky with some of my career choices,

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Speaker 1: and they could have gone the other way entirely, you know,

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Speaker 1: without with risk comes rewards or you know, disaster. But

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Speaker 1: it was because of those choices I was able to negotiate,

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Speaker 1: you know, thirty percent percent raises equity in companies that

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Speaker 1: I was joining, which opened me up to even additional

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Speaker 1: opportunities to build wealth as long as that stock price

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Speaker 1: in that company went up, which I was fortunate enough

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Speaker 1: to have that happen sometimes. So like, those are the

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Speaker 1: types of things that that I'm I'm ready to just

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Speaker 1: be honest about it because there's no shame in it.

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Speaker 1: In fact, I had to do it. I'm a black

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Speaker 1: woman in America, yo, Like, we don't make that much money.

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Speaker 1: We make sixty percent of what a white man earns.

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Speaker 1: So for me, I just always thought about when I

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Speaker 1: went into like a salary negotiation or when I was

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Speaker 1: approached by a competitor or a different company to come

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Speaker 1: work for them, I really looked at that as an opportunity.

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Speaker 1: It's often the best opportunity you can get to negotiate

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Speaker 1: a higher salary and staying at the same place for

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Speaker 1: a long time. It ain't it, y'all. It is not

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Speaker 1: it in terms of in terms of salary growth, especially

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Speaker 1: if you came in entry level. That is not the

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Speaker 1: way to increase your income unless. I mean, you can

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Speaker 1: stay there if you love your job, but then you

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Speaker 1: got to start side hustling on, you know, get a

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Speaker 1: side business or take a hobby and start bringing in cash,

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Speaker 1: you know, on top of your earnings. But loyalty does

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Speaker 1: not pay in corporate America. It doesn't. I am proof

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Speaker 1: of that. I really had to make those big, scary

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Speaker 1: leaps to get to where I am today, to get

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Speaker 1: those bigger paydays.

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Speaker 4: No, I mean, I love that so much because I've

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Speaker 4: seen it where in a situation no one. I won't

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Speaker 4: name a place so no one can figure out what

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Speaker 4: I'm talking about. But that was a place.

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Speaker 1: Well, leave Chris alone, don't get in, don't get them

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Speaker 1: in trouble.

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Speaker 4: Don't get me in trouble. Please don't go research this place.

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Speaker 4: But I was working at this place. There's a woman there.

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Speaker 4: She was amazing at her job, she was amazing, and

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Speaker 4: she just wanted She didn't didn't think she was asking

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Speaker 4: for a raise. She just wanted a better title than

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Speaker 4: what she had. And they're like, no, we can't do

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Speaker 4: that I'm sorry, it's something so easy. They were like, no,

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Speaker 4: we can't do that, but what you're great? So she's like,

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Speaker 4: you know what, all right, I'm out of here. So

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Speaker 4: she left, got a at her job, got the title

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Speaker 4: she wanted, and got to pay raise the person they

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Speaker 4: brought in to replace her. They gave the title that

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Speaker 4: she wanted and more money, and it was like they

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Speaker 4: could have done it all along, but it was just like, well,

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Speaker 4: they think we have you here, you're not going to leave,

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Speaker 4: so we're not going to do anything. And that's where

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Speaker 4: you like, I mean, I agree with you one hundred percent.

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Speaker 4: That's that's the only way you're going to make these

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Speaker 4: significant leaps sometimes is to define better opportunities outside of

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Speaker 4: where you are. Because they have no incentive to make

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Speaker 4: your pay jump significantly.

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Speaker 1: And you may think that they're the nicest people. You know,

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Speaker 1: they've come to your housewarming parties, they gave you a

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Speaker 1: nice little gift when you had a baby or you

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Speaker 1: got married. It does like they're not going It takes

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Speaker 1: a lot of effort. I was that manager who really

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Speaker 1: fought for raises and promotions for my people when I

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Speaker 1: didn't have to, because I wanted to retain them.

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Speaker 5: I and there were.

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Speaker 1: Plenty of people who just don't do that because it

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Speaker 1: takes a lot of time, it takes effort. You got

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Speaker 1: to like do your research. You got a bat for people.

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Speaker 1: It's just not in a lot of people's best interests

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Speaker 1: to go to bat for folks. That's work. So yeah,

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Speaker 1: I love that example. I mean, I hate it, but

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Speaker 1: it's a really good example of what we're talking about here.

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Speaker 1: Loyalty does not pay, y'all. But I want to talk

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Speaker 1: a bit about before we get to the next question

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Speaker 1: about starting a new business. Like I literally I'm at

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Speaker 1: a point where I just started a new business.

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Speaker 3: Hell guys, I'm I'm the.

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Speaker 1: CEO and founder of Mandy Money Media, which is a

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Speaker 1: independent content consulting firm and editing and writing business. Yay,

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Speaker 1: do I get the kind of thanks? You know, do

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Speaker 1: my own thing. After a long well like a decade

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Speaker 1: of experience, I'm striking out on my own. And what's

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Speaker 1: so fun for me has been doing these things Like

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Speaker 1: I filed for an LLC. It's shockingly easy to do this, y'all.

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Speaker 1: You just need a little bit of money and like Google,

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Speaker 1: like you just had a Google. If you go to

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Speaker 1: your state's Department of Labor website or just google your

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Speaker 1: state LLC. It'll have a very easy to fill out form,

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Speaker 1: pick your name, give them your little coins. I had

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Speaker 1: it with the minutes. I got approved and got my

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Speaker 1: my LLC established, and then it's what the I R

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Speaker 1: S do you? Did you do this yet? We get

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Speaker 1: a tax payer or an employee ID number through.

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Speaker 4: The i RS dot gov and that's such an easy process.

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Speaker 4: And then you don't have to give people your Social

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Speaker 4: Security number either.

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Speaker 1: Yeah, I mean I think I might have to like

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Speaker 1: get it, but yeah, it took. I was I was shocked.

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Speaker 1: It was instantly, Oh, here's your e I N. Here

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Speaker 1: you go. And once I had that e I N,

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Speaker 1: what did I do? I went and got a business

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Speaker 1: bank account, just did some googles to find the best one.

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Speaker 1: Although I will say, I don't know if you have

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Speaker 1: a business bank account or credit card yet, do you?

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Speaker 6: Uh?

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Speaker 4: Yeah, I do have the credit card. I've not gone

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Speaker 4: the banking route. I'm still I mean, I probably shouldn't

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Speaker 4: be saying this out loud, but yeah, maybe you lessnings

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Speaker 4: and personal accounts as business accounts right now.

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Speaker 1: You know that's cool. It depends on how you. I

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Speaker 1: did learn that, you know, when I was trying to

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Speaker 1: decide whether to do an LLC or work as a

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Speaker 1: sole proprietor. It's very different, like in terms of how

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Speaker 1: how you can commingle your personal versus professional expenses and

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Speaker 1: things like that. But definite I got the one with

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Speaker 1: my CPA and he was like, LLC is the way

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Speaker 1: to go. So that's what I did. And yeah, but

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Speaker 1: the E I n it took seconds and the oh,

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Speaker 1: the business bank account. What I was going to say,

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Speaker 1: is I because that's I wanted. I'm gonna get paid soon, hopefully,

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Speaker 1: hopefully soon from clients. You know, I'm manifesting it, like

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Speaker 1: my husband installing his Tesla charger five months before he

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Speaker 1: actually had a Tesla. I'm going to get this. I

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Speaker 1: got a bank account through a online bank, and it

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Speaker 1: was kind of hard to find a fee free business

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Speaker 1: bank account. It seems like a lot of them charge

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Speaker 1: They either have a minimum required balance, which I don't

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Speaker 1: know if I'm gonna make I'm gonna make money, but

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Speaker 1: like I can't, I can't commit right now that I'm

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Speaker 1: going to be making a certain amount. Yeah, so it

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Speaker 1: took a lot of comparing and contrasting. But I definitely

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Speaker 1: I was able to get one, and you have to

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Speaker 1: have your E I N in order to get one

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Speaker 1: set up. And then I got approved for a personal sorry,

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Speaker 1: a business credit card, which was a So it's it,

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Speaker 1: you can do it. And look, I'm a business who.

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Speaker 1: You can't tell me nothing. I'm a business owner, right,

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Speaker 1: I don't need a storefront. I'm doing it.

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Speaker 4: It's so different than what people thought of, like what

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Speaker 4: people I think. We have a much different image in

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Speaker 4: our head of what it takes to be a business owner.

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Speaker 4: It's it's so it's such an easy process these.

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Speaker 1: Days, it really is. So I hope that that motivates

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Speaker 1: y'all and inspires you to to look at you know,

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Speaker 1: if you if you're like me and you've been doing

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Speaker 1: something for a long time, you know, and you realize

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Speaker 1: you've got a certain set of skills that companies would

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Speaker 1: pay to take advantage of or leverage. You know. That's

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Speaker 1: a way of like, let's say I was still doing

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Speaker 1: my you know, had a nine to five job, I

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Speaker 1: could I could feasibly do this on the side and

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Speaker 1: just bring in some extra income. And that's the beginning

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Speaker 1: again to true wealth building. So I love that Tiffany

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Speaker 1: covered that in her book, Get It with Lenny dot Com.

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Speaker 1: Y'all she got the book. I love that she covered

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Speaker 1: that in the book because it really is like it's

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Speaker 1: the next level from just basic budgeting really focusing on

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Speaker 1: your income.

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Speaker 4: Yeah, it really is such a great idea. And you know,

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Speaker 4: what I've started to discover too, is that the bar

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Speaker 4: is actually very low for a lot of what people

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Speaker 4: consider good work. I'm very shocked for whatever it's right

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Speaker 4: in my mind, it's like people are like, if you're

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Speaker 4: going to do something for a company, it's like it

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Speaker 4: has to be the best thing that's ever been made.

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Speaker 4: But I've I've I'm not gonna again, I'm not going

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Speaker 4: to name any companies, but I've I've witnessed some some

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Speaker 4: businesses doing work that I'm like, that's all it took

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Speaker 4: for you to get paid, And well, I guess I

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Speaker 4: need to step it up and do some other things.

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Speaker 1: I know well in my career, I've employed people like myself,

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Speaker 1: and I'm like, i know exactly how much mediocrity there

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Speaker 1: is out there. I'm going to go out there and

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Speaker 1: be the best, and it's not going to be that

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Speaker 1: hard because it's a lot of mediocreup. Okay, not to

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Speaker 1: shade anybody, but it's a really good point. It truly is,

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Speaker 1: and I yeah, I'm excited about this new journey. And

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Speaker 1: thank you Lachine for your question and for checking out

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Speaker 1: our I love that.

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Speaker 3: All right.

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Speaker 1: Next up, we have a snippet. It was really hard

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Speaker 1: to pick a favorite nugget from my conversation with Berna A. Natt,

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Speaker 1: but I did think that this particular part of the conversation,

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Speaker 1: when we were taking a question from a listener wanting

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Speaker 1: to know whether or not they should go for a

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Speaker 1: traditional or a wroth for a one k, it really

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Speaker 1: unlocked and interesting point that Berna made about this key

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Speaker 1: part in our young adulting lives. So let's check in

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Speaker 1: and see how Berna tackled this topic. I was recently

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Speaker 1: hired at a university, and I'm trying to determine if

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Speaker 1: it's better for my future self to have money taken

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Speaker 1: out of my paycheck and put into my four to

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Speaker 1: one k pre tax or after tax. Wouldn't I have

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Speaker 1: a tax advantage if it's taken from my paycheck after tax. Listen,

432
00:21:03,440 --> 00:21:05,920
Speaker 1: there's not really a wrong answer here, and I do

433
00:21:06,560 --> 00:21:09,919
Speaker 1: so and I this is a specific question that I

434
00:21:09,960 --> 00:21:12,640
Speaker 1: definitely think you know it's worth talking to a fee

435
00:21:12,680 --> 00:21:16,119
Speaker 1: only financial planner about because it's never just about your

436
00:21:16,480 --> 00:21:18,159
Speaker 1: your four to one K or in your case, you

437
00:21:18,200 --> 00:21:21,159
Speaker 1: probably have an an educator account which is like a

438
00:21:21,200 --> 00:21:24,320
Speaker 1: four or three B but still similar, so you probably

439
00:21:24,320 --> 00:21:27,159
Speaker 1: wouldn't get more personalized advice than this. But just to

440
00:21:27,200 --> 00:21:29,280
Speaker 1: break it down, you know, when you contribute to a

441
00:21:29,320 --> 00:21:32,320
Speaker 1: traditional four one K or traditional IRA or sorry, a

442
00:21:32,359 --> 00:21:35,000
Speaker 1: four to one K, you're putting dollars in pre tax,

443
00:21:35,040 --> 00:21:37,000
Speaker 1: which means you put the money in and you don't

444
00:21:37,000 --> 00:21:38,760
Speaker 1: get tax until you take it out when you're old

445
00:21:38,760 --> 00:21:41,720
Speaker 1: and gray or hopefully not so old and gray in retirement.

446
00:21:42,119 --> 00:21:44,520
Speaker 1: And the benefit there is that your money grows tax free.

447
00:21:44,560 --> 00:21:46,800
Speaker 1: It's it's wonderful. It's an incentive to get people to

448
00:21:46,840 --> 00:21:50,440
Speaker 1: put money away for retirement. The WROTH four one K

449
00:21:50,920 --> 00:21:54,200
Speaker 1: is different in the sense that you pay taxes upfront,

450
00:21:54,720 --> 00:21:58,760
Speaker 1: and typically what some financial advisors will say is this

451
00:21:58,800 --> 00:22:01,159
Speaker 1: is also a tax benefit. It's just a little bit

452
00:22:01,160 --> 00:22:03,360
Speaker 1: more indirect because you're paying taxes.

453
00:22:03,440 --> 00:22:03,760
Speaker 3: Now.

454
00:22:04,440 --> 00:22:06,760
Speaker 1: Let's say you're earning a lower income today than you

455
00:22:06,800 --> 00:22:09,439
Speaker 1: plan to be earning later when you get to retirement age.

456
00:22:09,680 --> 00:22:12,120
Speaker 1: You could be saving money by paying your lower tax

457
00:22:12,200 --> 00:22:14,959
Speaker 1: rate now than when you you know, start withdrawing from

458
00:22:15,000 --> 00:22:18,320
Speaker 1: your funds later. Another benefit that I think is overlooked

459
00:22:18,320 --> 00:22:20,879
Speaker 1: what the ROTH is that you can actually withdraw your

460
00:22:20,920 --> 00:22:24,320
Speaker 1: contributions so it's not actually as tied up as a

461
00:22:24,400 --> 00:22:27,600
Speaker 1: traditional retirement account, where like if you take an early

462
00:22:27,640 --> 00:22:30,520
Speaker 1: withdrawal and it's just to you know, pay for something

463
00:22:31,000 --> 00:22:34,120
Speaker 1: or to pay off some debt, it can be tax

464
00:22:34,160 --> 00:22:36,679
Speaker 1: penalties that you have to pay and then income tax

465
00:22:36,760 --> 00:22:39,480
Speaker 1: on top of that on what you withdraw with a ROTH.

466
00:22:39,560 --> 00:22:41,960
Speaker 1: Like let's say you put in five thousand dollars over

467
00:22:42,000 --> 00:22:45,199
Speaker 1: a couple of years you want to and you've gained

468
00:22:45,400 --> 00:22:48,120
Speaker 1: you know, two thousand dollars on that five case, you've

469
00:22:48,119 --> 00:22:51,360
Speaker 1: got seven k in there right now. You could arguably

470
00:22:51,400 --> 00:22:54,080
Speaker 1: go in there and withdraw some of that principal amount,

471
00:22:54,160 --> 00:22:57,199
Speaker 1: that five thousand that you put in and pocket that

472
00:22:57,400 --> 00:23:01,560
Speaker 1: without the penalties of a tradition four oh one k.

473
00:23:02,320 --> 00:23:06,320
Speaker 1: But now that we got all that like jargonique goodness, mum,

474
00:23:06,600 --> 00:23:09,280
Speaker 1: list out of the way, Burna talk to me about.

475
00:23:09,320 --> 00:23:11,560
Speaker 1: I mean, this is like a common This is like

476
00:23:11,560 --> 00:23:13,960
Speaker 1: a common you know, one of the first adulting type

477
00:23:13,960 --> 00:23:16,800
Speaker 1: decisions that happened when you get a new job. For me,

478
00:23:17,080 --> 00:23:20,679
Speaker 1: I was so like ignorant about all this mess. I

479
00:23:20,720 --> 00:23:22,880
Speaker 1: had a four oh one K match at my first job.

480
00:23:22,920 --> 00:23:25,280
Speaker 1: I was there for fifteen months, never opened, never put

481
00:23:25,320 --> 00:23:28,040
Speaker 1: a dime in it, left all the money on the table.

482
00:23:28,880 --> 00:23:30,760
Speaker 1: To be fair, I had no dimes to put in there.

483
00:23:30,800 --> 00:23:32,919
Speaker 1: But sure, what was what was it like for you

484
00:23:32,960 --> 00:23:35,719
Speaker 1: when you started to you know, you went from freelancing

485
00:23:35,720 --> 00:23:38,080
Speaker 1: to like, oh benefits, like a four toh one K.

486
00:23:38,400 --> 00:23:40,240
Speaker 1: What was that like for you? And how did you decide?

487
00:23:40,600 --> 00:23:43,440
Speaker 6: Yes, actually trying to figure out what in the GD

488
00:23:43,600 --> 00:23:45,639
Speaker 6: hell as a four oh one K was one of

489
00:23:45,640 --> 00:23:49,840
Speaker 6: my first financial kind of Google entries.

490
00:23:49,920 --> 00:23:52,480
Speaker 2: Ever, when I, you know, like you said, we go.

491
00:23:52,440 --> 00:23:55,040
Speaker 6: Through HR and orientation, they're like, here's your four oh

492
00:23:55,040 --> 00:23:57,399
Speaker 6: one K before you could even ask, like why is

493
00:23:57,440 --> 00:23:58,000
Speaker 6: it even named?

494
00:23:58,000 --> 00:23:58,440
Speaker 2: Before one?

495
00:23:58,520 --> 00:24:00,359
Speaker 6: And they're like, come onto the next and the they're like,

496
00:24:00,520 --> 00:24:02,440
Speaker 6: we can't give you advice or HR or not a

497
00:24:02,560 --> 00:24:04,840
Speaker 6: financial so you get very little answers in the first place.

498
00:24:05,520 --> 00:24:07,160
Speaker 2: It was amazing to find.

499
00:24:06,840 --> 00:24:11,560
Speaker 6: Out through Googles, not the HR representatives, which typically they

500
00:24:11,560 --> 00:24:12,040
Speaker 6: should be.

501
00:24:11,960 --> 00:24:13,600
Speaker 2: More helpful, but a lot of the times they are not.

502
00:24:14,080 --> 00:24:16,240
Speaker 6: It was amazing to find out that for a lot

503
00:24:16,240 --> 00:24:19,800
Speaker 6: of young people, especially in your very first jobs, your

504
00:24:19,840 --> 00:24:21,920
Speaker 6: four oh one K is like the first time you're

505
00:24:21,960 --> 00:24:25,000
Speaker 6: actually your money is getting invested, often invested for you,

506
00:24:25,400 --> 00:24:28,359
Speaker 6: and you have no idea. Like it was many months

507
00:24:28,400 --> 00:24:30,880
Speaker 6: into my job, like you said, Mandy, when I realized

508
00:24:30,880 --> 00:24:32,800
Speaker 6: that money was being taken out for my four oh

509
00:24:32,800 --> 00:24:35,959
Speaker 6: one K for my paychecks and things were happening to it.

510
00:24:36,000 --> 00:24:39,000
Speaker 6: I guess I had like blacked out and signed papers

511
00:24:39,359 --> 00:24:42,600
Speaker 6: when I enduring orientation, agreeing to something, and I didn't

512
00:24:42,640 --> 00:24:45,240
Speaker 6: understand it until many months afterwards, and like couldn't actually

513
00:24:45,320 --> 00:24:47,520
Speaker 6: change things. So it was amazing to find out that

514
00:24:47,600 --> 00:24:50,600
Speaker 6: first of all, money won money was already being taken

515
00:24:50,640 --> 00:24:53,960
Speaker 6: out of my paycheck, what without my maybe like kind

516
00:24:53,960 --> 00:24:58,200
Speaker 6: of unconsensually, without my understanding of how it happened. Two,

517
00:24:58,280 --> 00:25:01,040
Speaker 6: I learned about what you just said for one K matching.

518
00:25:01,359 --> 00:25:03,840
Speaker 6: My company was a company that does that. They did

519
00:25:03,840 --> 00:25:06,480
Speaker 6: four o one K matching, which meant when I put

520
00:25:06,560 --> 00:25:08,320
Speaker 6: certain amount of money into my four oh one K,

521
00:25:08,760 --> 00:25:11,320
Speaker 6: my company was like, cool, me too, Simon says, I'm

522
00:25:11,320 --> 00:25:13,680
Speaker 6: gonna do the same thing up into a certain degree.

523
00:25:14,119 --> 00:25:17,560
Speaker 6: We love to say as financial you know, mouth holes,

524
00:25:17,840 --> 00:25:20,760
Speaker 6: that's free money. That's money on the table, right, I

525
00:25:20,840 --> 00:25:23,840
Speaker 6: give money, and you're I move, you move like Ludacris.

526
00:25:23,880 --> 00:25:26,080
Speaker 6: I move the money. And then the company says me too,

527
00:25:26,119 --> 00:25:28,320
Speaker 6: unmoved the money. So that was amazing to find out.

528
00:25:28,560 --> 00:25:31,560
Speaker 6: And then you get into the okay, so what's the

529
00:25:31,560 --> 00:25:34,040
Speaker 6: difference between a four O one K and ira? You

530
00:25:34,119 --> 00:25:36,160
Speaker 6: learn about all the things that men you just said about,

531
00:25:36,200 --> 00:25:39,840
Speaker 6: like the tax differences. That's around when even if, like

532
00:25:39,880 --> 00:25:42,320
Speaker 6: if you had held on to this point of like

533
00:25:42,400 --> 00:25:45,720
Speaker 6: trying to learn, that's around when people's brains.

534
00:25:45,359 --> 00:25:47,600
Speaker 2: Start to tune out and it starts to the.

535
00:25:47,720 --> 00:25:51,800
Speaker 6: Butterfly out the window, gonna go get lunch. But they

536
00:25:51,840 --> 00:25:55,280
Speaker 6: are really important differences when you're kind of looking at things.

537
00:25:55,320 --> 00:25:58,119
Speaker 6: But I think the most important thing is whichever path

538
00:25:58,200 --> 00:26:02,040
Speaker 6: you choose. Sit yourself or an HR representative or if

539
00:26:02,080 --> 00:26:05,040
Speaker 6: an Encial advisor down until you and like ask all

540
00:26:05,080 --> 00:26:07,560
Speaker 6: the questions until you fully understand.

541
00:26:07,160 --> 00:26:10,399
Speaker 2: The differences between the two. Don't go blindly into it

542
00:26:10,440 --> 00:26:12,000
Speaker 2: like me and be like it looks like the guy

543
00:26:12,040 --> 00:26:13,960
Speaker 2: to my left, just check the box.

544
00:26:14,040 --> 00:26:17,080
Speaker 6: And and so it makes it that like I literally

545
00:26:17,119 --> 00:26:19,000
Speaker 6: left money on the table for the first year. I

546
00:26:19,080 --> 00:26:21,840
Speaker 6: left free money out of my own damn retirement account

547
00:26:22,000 --> 00:26:24,560
Speaker 6: for the first year because I was just blindly following.

548
00:26:24,680 --> 00:26:28,000
Speaker 6: There's so much pressure in the process. Don't be afraid

549
00:26:28,040 --> 00:26:30,360
Speaker 6: to sit down and like, ask all the damn questions,

550
00:26:30,400 --> 00:26:33,240
Speaker 6: google all every single phrase, every single thing that you

551
00:26:33,320 --> 00:26:36,400
Speaker 6: can so that you understand both ways. And like Mandy

552
00:26:36,520 --> 00:26:39,840
Speaker 6: was saying, it's not like there's a major, giant, like

553
00:26:39,960 --> 00:26:42,920
Speaker 6: big mistake difference between the two. Honestly, I don't think

554
00:26:42,920 --> 00:26:45,240
Speaker 6: there really is. It's especially when it's a first sort

555
00:26:45,280 --> 00:26:48,159
Speaker 6: of investing foray, but understand the crap out of it.

556
00:26:48,160 --> 00:26:49,919
Speaker 6: You really you deserve to understand the crap out of

557
00:26:49,920 --> 00:26:51,280
Speaker 6: everything happening to every dollar.

558
00:26:51,320 --> 00:26:52,120
Speaker 2: And it's tiring.

559
00:26:52,200 --> 00:26:56,360
Speaker 6: But until a retirement expert comes in and starts doing

560
00:26:56,359 --> 00:26:57,080
Speaker 6: a dance.

561
00:26:56,920 --> 00:27:00,240
Speaker 2: At every like orientation, this is how we got to

562
00:27:00,320 --> 00:27:02,440
Speaker 2: do it, it'll be me it.

563
00:27:02,960 --> 00:27:05,439
Speaker 1: I mean, I think they paid big, big dollars for

564
00:27:05,480 --> 00:27:07,760
Speaker 1: you to come tell their employees about their benefits, which

565
00:27:07,800 --> 00:27:09,680
Speaker 1: is one of like the incentives that keep them there.

566
00:27:09,720 --> 00:27:10,760
Speaker 3: I don't know why companies.

567
00:27:10,960 --> 00:27:13,520
Speaker 1: I mean literally, at previous job, when one of the

568
00:27:13,560 --> 00:27:17,600
Speaker 1: benefits was RSUs restricted stock units literally stock in the company.

569
00:27:18,119 --> 00:27:20,280
Speaker 1: And I had a staff of young people who had

570
00:27:20,320 --> 00:27:22,600
Speaker 1: never so much as heard of an RSU before, and

571
00:27:22,640 --> 00:27:25,360
Speaker 1: I'd have to do their performance reviews and be like, oh,

572
00:27:25,359 --> 00:27:27,520
Speaker 1: and you're gonna get you know, five thousand dollars worth

573
00:27:27,560 --> 00:27:30,359
Speaker 1: of RSUs and they would have these blank stares and

574
00:27:30,400 --> 00:27:33,080
Speaker 1: finally I was like, do you know what this is?

575
00:27:33,680 --> 00:27:36,240
Speaker 3: No, or they would say yeah, yeah, yeah, yeah, yeah.

576
00:27:36,359 --> 00:27:38,080
Speaker 1: Uh it's like the thing, you know, and I'm like, no,

577
00:27:38,240 --> 00:27:40,000
Speaker 1: here's what it is, and then their eyes would get why.

578
00:27:40,080 --> 00:27:41,480
Speaker 3: They're like, whoa, this is.

579
00:27:41,520 --> 00:27:44,199
Speaker 1: Great, this is great, but you don't you don't know

580
00:27:44,280 --> 00:27:46,359
Speaker 1: until you ask those questions. So and a lot of

581
00:27:46,400 --> 00:27:48,560
Speaker 1: people aren't like me. They don't have time, you know,

582
00:27:48,560 --> 00:27:51,679
Speaker 1: they don't take the time. So definitely has I was.

583
00:27:51,680 --> 00:27:53,800
Speaker 6: Going to say, they're lucky to have an employer that's like,

584
00:27:53,880 --> 00:27:55,639
Speaker 6: let me tell you exactly what it is, because I

585
00:27:55,680 --> 00:27:57,800
Speaker 6: remember learning about RSUs in my former job too and

586
00:27:57,840 --> 00:28:00,520
Speaker 6: being like, this is a huge tech company with so

587
00:28:00,600 --> 00:28:02,879
Speaker 6: many resources. I can't believe I have to google this

588
00:28:02,960 --> 00:28:05,400
Speaker 6: shes on my own to find out that I'm.

589
00:28:05,200 --> 00:28:08,280
Speaker 2: Being given equity in the company. But the equity works

590
00:28:08,320 --> 00:28:09,800
Speaker 2: like this it's got all these rules.

591
00:28:09,840 --> 00:28:12,879
Speaker 6: It's like, bless you and every other employer that actually

592
00:28:12,880 --> 00:28:14,200
Speaker 6: looks out for the young people like that.

593
00:28:14,200 --> 00:28:14,840
Speaker 2: That's beautiful.

594
00:28:14,960 --> 00:28:18,320
Speaker 1: That's where you're saying, you know, how, what is it?

595
00:28:18,359 --> 00:28:18,960
Speaker 3: What is Hella?

596
00:28:19,000 --> 00:28:21,840
Speaker 1: The personal finance world is Hella mal hellapale, Hella stale

597
00:28:21,840 --> 00:28:22,359
Speaker 1: hell Stale.

598
00:28:22,480 --> 00:28:22,959
Speaker 2: Yes, love it.

599
00:28:24,040 --> 00:28:25,480
Speaker 3: That is true of businesses too.

600
00:28:25,520 --> 00:28:27,960
Speaker 1: It's really the structure is built for I think people

601
00:28:27,960 --> 00:28:29,560
Speaker 1: who don't need to have a sit down and talk

602
00:28:29,600 --> 00:28:32,400
Speaker 1: about RSUs because their uncle or their father or their mother,

603
00:28:33,240 --> 00:28:35,800
Speaker 1: you know, their mentor tells them those types of things.

604
00:28:35,840 --> 00:28:38,400
Speaker 1: But a lot of folks, especially brown and black black

605
00:28:38,560 --> 00:28:41,520
Speaker 1: people women, you know, we don't go into the corporate

606
00:28:41,520 --> 00:28:45,240
Speaker 1: world with those extra benefits and those you know, advisors

607
00:28:45,280 --> 00:28:47,600
Speaker 1: and little evil parrots on our shoulders to tell us

608
00:28:47,600 --> 00:28:49,360
Speaker 1: these types of things that we have to seek it

609
00:28:49,360 --> 00:28:51,920
Speaker 1: out for ourselves, and companies need to do the extra

610
00:28:51,960 --> 00:28:53,600
Speaker 1: work to do all that. But now I'm on my

611
00:28:53,640 --> 00:28:56,360
Speaker 1: soapbox now about one of my favorite subjects, which is

612
00:28:56,400 --> 00:28:58,520
Speaker 1: how businesses fail their employees.

613
00:28:59,600 --> 00:29:01,240
Speaker 2: I love it, but subscribe.

614
00:29:01,680 --> 00:29:02,360
Speaker 3: Yeah, but I.

615
00:29:02,280 --> 00:29:03,720
Speaker 1: Do want to say thank you to this question and

616
00:29:03,840 --> 00:29:06,520
Speaker 1: just to take it home. The only bad decision here

617
00:29:06,680 --> 00:29:09,360
Speaker 1: is to not invest, to not save for retirement. That's

618
00:29:09,400 --> 00:29:12,520
Speaker 1: the only bad decision you can make. And also, you know,

619
00:29:12,560 --> 00:29:14,920
Speaker 1: to your point burnet about getting knowledge for me, the

620
00:29:14,960 --> 00:29:16,960
Speaker 1: best thing I did at twenty four was just start

621
00:29:17,000 --> 00:29:19,200
Speaker 1: saving before I even knew everything I thought I needed

622
00:29:19,200 --> 00:29:22,640
Speaker 1: to know. I just did the easiest option, you know,

623
00:29:23,040 --> 00:29:26,680
Speaker 1: check the box for automatic withdrawals into a target date fund.

624
00:29:26,960 --> 00:29:28,720
Speaker 1: And then I was like, cool, you're cute. I'll come

625
00:29:28,720 --> 00:29:30,680
Speaker 1: back to you when I'm ready to dive in more

626
00:29:30,760 --> 00:29:32,960
Speaker 1: and do more things. And that was the smartest decision

627
00:29:32,960 --> 00:29:35,960
Speaker 1: I ever made, putting me on my path to a

628
00:29:36,000 --> 00:29:39,360
Speaker 1: tenfold increase in my net worth over the past you know, decades.

629
00:29:39,680 --> 00:29:42,240
Speaker 1: And I yeah, And I just don't want people to

630
00:29:42,280 --> 00:29:45,480
Speaker 1: hold themselves back because they don't think that they know enough.

631
00:29:45,560 --> 00:29:48,400
Speaker 1: There are some small steps you can take today that

632
00:29:48,480 --> 00:29:50,720
Speaker 1: will put you on the right path, and you'll, you know,

633
00:29:50,760 --> 00:29:53,960
Speaker 1: you'll accrue that knowledge over time. Just don't wait until

634
00:29:54,000 --> 00:29:56,720
Speaker 1: you're you know you can recite, and don't wait until

635
00:29:56,760 --> 00:29:58,560
Speaker 1: you have to stop googling the different terms.

636
00:29:58,840 --> 00:30:00,280
Speaker 3: I still google sometimes.

637
00:30:00,640 --> 00:30:03,600
Speaker 2: Me too, all the time. It's fine.

638
00:30:03,680 --> 00:30:06,880
Speaker 6: I mean, we aren't like raised with these pockets of

639
00:30:06,920 --> 00:30:09,160
Speaker 6: knowledge in our heads, and so we have to keep relearning,

640
00:30:09,200 --> 00:30:10,880
Speaker 6: we have to keep shoving them mentor heads, because it

641
00:30:10,880 --> 00:30:14,479
Speaker 6: doesn't come naturally to so many of us. And I

642
00:30:14,560 --> 00:30:17,400
Speaker 6: love to also tell young folks like you have something

643
00:30:17,600 --> 00:30:21,840
Speaker 6: that every older Hella male Pialstale investor wishes they had,

644
00:30:22,120 --> 00:30:26,280
Speaker 6: and that's time. It's time you have that frickin in

645
00:30:27,440 --> 00:30:29,600
Speaker 6: bags all all around you. And that's the most important

646
00:30:29,600 --> 00:30:31,719
Speaker 6: thing for retirement investing specifically.

647
00:30:31,800 --> 00:30:33,120
Speaker 2: So just get her done.

648
00:30:33,320 --> 00:30:35,120
Speaker 6: Just get her done in any which way, and confuse

649
00:30:35,120 --> 00:30:37,880
Speaker 6: yourself with the terms once there's already money in the pot.

650
00:30:38,640 --> 00:30:39,120
Speaker 3: I love that.

651
00:30:40,280 --> 00:30:42,760
Speaker 1: Okay, for those of y'all who've been following Brown Ambition

652
00:30:43,320 --> 00:30:45,240
Speaker 1: even from the beginning, but even if you tuned in

653
00:30:45,320 --> 00:30:47,640
Speaker 1: last week for the first time, I guarantee you at

654
00:30:47,640 --> 00:30:51,280
Speaker 1: some point we mentioned either husby my husband Enrique or

655
00:30:51,560 --> 00:30:55,680
Speaker 1: Superman Tiffany's husband Durell. Now, when we first started the show,

656
00:30:55,800 --> 00:30:58,680
Speaker 1: neither one of us was actually married yet, and these

657
00:30:58,720 --> 00:31:01,880
Speaker 1: guys have been through it all right. We love to

658
00:31:02,200 --> 00:31:07,960
Speaker 1: talk about how Superman constantly opens the door when Tiffany's recording,

659
00:31:08,480 --> 00:31:11,360
Speaker 1: or how my husband decided it would be really neat

660
00:31:11,520 --> 00:31:13,720
Speaker 1: to spend one thousand dollars to get in line for

661
00:31:13,760 --> 00:31:15,880
Speaker 1: a tesla when he and I just started dating and

662
00:31:15,880 --> 00:31:18,160
Speaker 1: saving for our wedding. We give these guys a lot

663
00:31:18,160 --> 00:31:21,479
Speaker 1: of grief. But during my conversation with Jamila Suffront from

664
00:31:21,520 --> 00:31:23,920
Speaker 1: Journey to Launch, she and I had a really wonderful

665
00:31:23,960 --> 00:31:26,640
Speaker 1: sort of reflection on the importance that the partner that

666
00:31:26,680 --> 00:31:29,000
Speaker 1: you choose in life can have when it comes to

667
00:31:29,160 --> 00:31:31,760
Speaker 1: your own wealth building and your own career journey. So

668
00:31:32,160 --> 00:31:35,240
Speaker 1: I want to take a moment to replay this segment

669
00:31:35,280 --> 00:31:38,240
Speaker 1: from my conversation with Jamila from Journey to Launch.

670
00:31:38,840 --> 00:31:42,600
Speaker 5: This is so important because he was He looked at

671
00:31:42,600 --> 00:31:44,520
Speaker 5: me like I was crazy, because he is a very

672
00:31:44,520 --> 00:31:48,920
Speaker 5: simple man and he's very easy going. Right So, and

673
00:31:49,520 --> 00:31:52,840
Speaker 5: you know again, when I came to him a few

674
00:31:52,880 --> 00:31:54,920
Speaker 5: years ago and I'm telling him about all these stories

675
00:31:54,920 --> 00:31:57,760
Speaker 5: on podcasts I'm hearing people retiring and quitting their jobs,

676
00:31:57,800 --> 00:32:00,160
Speaker 5: He's just like, really, because I don't want what are

677
00:32:00,160 --> 00:32:00,600
Speaker 5: we going to do?

678
00:32:00,680 --> 00:32:00,760
Speaker 4: Like?

679
00:32:00,760 --> 00:32:03,400
Speaker 5: What are you talking about? And it really took some

680
00:32:03,440 --> 00:32:06,280
Speaker 5: conversations to get him to kind of see. And one

681
00:32:06,320 --> 00:32:08,480
Speaker 5: of the things I always say with couples is like,

682
00:32:09,000 --> 00:32:11,400
Speaker 5: don't like I had to show him one the numbers,

683
00:32:11,440 --> 00:32:14,000
Speaker 5: the numbers for him, even for me, like I had

684
00:32:14,000 --> 00:32:15,920
Speaker 5: to believe the numbers, meaning I had to map out,

685
00:32:16,720 --> 00:32:19,640
Speaker 5: really is this possible? Will I be able to one

686
00:32:19,720 --> 00:32:22,040
Speaker 5: day quit my job early? How much money can we

687
00:32:22,080 --> 00:32:24,040
Speaker 5: save and invest if we aggressively do this, if we

688
00:32:24,080 --> 00:32:26,800
Speaker 5: cut back, if we become more optimized in our finances,

689
00:32:27,120 --> 00:32:29,080
Speaker 5: how much money can we have? So I literally when

690
00:32:29,080 --> 00:32:30,880
Speaker 5: I came home and told him the first time, he

691
00:32:30,880 --> 00:32:32,880
Speaker 5: looked at me like, what are you talking about? And

692
00:32:32,960 --> 00:32:34,640
Speaker 5: then over time what I did was I didn't push

693
00:32:34,720 --> 00:32:36,880
Speaker 5: him to this is really important. Just because you come

694
00:32:36,960 --> 00:32:39,480
Speaker 5: up with the realization or have an epiphany doesn't mean

695
00:32:39,520 --> 00:32:41,200
Speaker 5: like your partner will they have they have They're on

696
00:32:41,240 --> 00:32:45,280
Speaker 5: a whole another timeline. So I respected that, but also

697
00:32:45,400 --> 00:32:47,600
Speaker 5: started to show him like the numbers, like I created

698
00:32:47,600 --> 00:32:50,000
Speaker 5: this spreadsheet, and it showed like if we do this,

699
00:32:50,360 --> 00:32:52,880
Speaker 5: like first of all, step back from the spreadsheet, what

700
00:32:52,960 --> 00:32:55,320
Speaker 5: does a life look like now that we enjoy and

701
00:32:55,360 --> 00:32:58,160
Speaker 5: what does the life look like now in like twenty years,

702
00:32:58,240 --> 00:33:00,240
Speaker 5: right when the kids are this age and like at

703
00:33:00,240 --> 00:33:02,560
Speaker 5: the house and we can travel, and how can we

704
00:33:02,600 --> 00:33:05,400
Speaker 5: balance that now? So we started with the dream of

705
00:33:05,440 --> 00:33:07,360
Speaker 5: our lives, what they are now and what we want

706
00:33:07,360 --> 00:33:10,160
Speaker 5: them to be. And then we like did numbers around it,

707
00:33:10,200 --> 00:33:12,040
Speaker 5: and I showed him, well, if we do this, make

708
00:33:12,120 --> 00:33:15,960
Speaker 5: these changes in our finances, save and invest this much

709
00:33:16,080 --> 00:33:18,520
Speaker 5: over time, we can have you know, over a million

710
00:33:18,560 --> 00:33:22,440
Speaker 5: dollars in twenty years, and we can do all these things.

711
00:33:22,480 --> 00:33:24,320
Speaker 5: And that started to get him excited because instead of

712
00:33:24,400 --> 00:33:26,880
Speaker 5: me just saying it and talking, he saw the numbers.

713
00:33:27,200 --> 00:33:29,880
Speaker 5: And then the other thing I really was important to

714
00:33:29,880 --> 00:33:32,560
Speaker 5: say was yeah, I want to do this, so I

715
00:33:32,640 --> 00:33:35,240
Speaker 5: quit my job. But also, like you know, I'm the mom.

716
00:33:35,560 --> 00:33:38,840
Speaker 5: I'm I'm the one giving birth and having three kids.

717
00:33:38,840 --> 00:33:40,680
Speaker 5: I also have the crazy commute. See my husband his

718
00:33:41,000 --> 00:33:42,920
Speaker 5: job is maybe like ten minutes away from our house.

719
00:33:43,360 --> 00:33:46,520
Speaker 5: So he also knew the pressure of just like my life,

720
00:33:46,560 --> 00:33:49,120
Speaker 5: and he wanted me to be happy. And so I

721
00:33:49,200 --> 00:33:51,120
Speaker 5: made sure that like, oh, not only like we were

722
00:33:51,120 --> 00:33:52,920
Speaker 5: going to pursue what I wanted, like in terms of

723
00:33:52,920 --> 00:33:55,120
Speaker 5: our career or quitting my job, but what is it

724
00:33:55,160 --> 00:33:57,320
Speaker 5: that you want? So I definitely we made sure that

725
00:33:57,400 --> 00:34:00,440
Speaker 5: include his wants and hopes like into what we were doing.

726
00:34:00,680 --> 00:34:03,560
Speaker 5: You know, I don't really care about having a nice car.

727
00:34:03,680 --> 00:34:05,720
Speaker 5: We used to have nice cars. Quote unquote back in

728
00:34:05,800 --> 00:34:08,360
Speaker 5: the day before kids and getting a little bit more

729
00:34:08,400 --> 00:34:10,719
Speaker 5: optimized with our finances. But I say, look, if I can,

730
00:34:10,960 --> 00:34:12,520
Speaker 5: I want to buy you a car, you know, Like

731
00:34:12,680 --> 00:34:14,520
Speaker 5: it was things like that that got him excited. So

732
00:34:14,560 --> 00:34:16,000
Speaker 5: that way we both were.

733
00:34:16,800 --> 00:34:18,520
Speaker 3: That was my way into baby.

734
00:34:18,560 --> 00:34:22,319
Speaker 1: I said, save for a Tesla, let's plus for a tesla. Yeah,

735
00:34:22,440 --> 00:34:23,760
Speaker 1: let's investing for a Tesla.

736
00:34:23,920 --> 00:34:25,600
Speaker 5: It's so important because he is a little bit more

737
00:34:25,920 --> 00:34:28,399
Speaker 5: like fancier I would say, than me, right, like I'm

738
00:34:28,400 --> 00:34:31,080
Speaker 5: good with kind of just like bare minimum, but sometimes fancy.

739
00:34:31,120 --> 00:34:32,839
Speaker 5: He's like, if I could do it fancy all the time,

740
00:34:32,880 --> 00:34:36,480
Speaker 5: I would, So talking about it in that term really

741
00:34:36,520 --> 00:34:39,000
Speaker 5: helped to let him know that this is a team effort.

742
00:34:39,040 --> 00:34:41,400
Speaker 5: It's not just about what Jamila wants. And also like,

743
00:34:41,440 --> 00:34:45,160
Speaker 5: if I'm miserable because I'm working and driving all this time,

744
00:34:45,239 --> 00:34:48,440
Speaker 5: like those whole family is not going to be like happy,

745
00:34:48,480 --> 00:34:50,319
Speaker 5: So let's work to a place that we can get to.

746
00:34:50,400 --> 00:34:52,600
Speaker 5: And so he eventually got on board with that. But

747
00:34:52,640 --> 00:34:54,960
Speaker 5: he's very easy going and laid back. Thank God for

748
00:34:55,000 --> 00:34:57,920
Speaker 5: that in terms of he pretty much trust me. We

749
00:34:57,960 --> 00:35:00,279
Speaker 5: have the open conversations about it, and even when it

750
00:35:00,280 --> 00:35:02,120
Speaker 5: came to quitting my job because that was huge, Like

751
00:35:02,160 --> 00:35:05,160
Speaker 5: my income was more than half of the family's combined income,

752
00:35:05,760 --> 00:35:07,359
Speaker 5: and so if like it would almost be better if

753
00:35:07,400 --> 00:35:09,160
Speaker 5: I was a teacher and then he had his career,

754
00:35:09,239 --> 00:35:10,680
Speaker 5: because then like you know, he can kind of stay

755
00:35:10,719 --> 00:35:13,160
Speaker 5: on his trajectory. But for me to walk away was

756
00:35:13,200 --> 00:35:15,319
Speaker 5: like a big step because what does that look like

757
00:35:15,360 --> 00:35:17,839
Speaker 5: as a family. We have three kids, We have a mortgage, Like,

758
00:35:18,200 --> 00:35:20,440
Speaker 5: so we literally had to save up enough money to

759
00:35:20,520 --> 00:35:23,960
Speaker 5: cover our expenses while journey to launch like started to

760
00:35:24,080 --> 00:35:26,600
Speaker 5: you know, become more stable, and that was scary, but

761
00:35:26,920 --> 00:35:30,520
Speaker 5: we did it together. We had the conversations and it's

762
00:35:30,880 --> 00:35:32,080
Speaker 5: it's working out so far.

763
00:35:32,200 --> 00:35:35,760
Speaker 3: So that's no, that's wonderful.

764
00:35:35,840 --> 00:35:39,000
Speaker 1: I also have always been it's so funny how the

765
00:35:39,760 --> 00:35:41,400
Speaker 1: you know, in no shade to your husband. I always

766
00:35:41,400 --> 00:35:43,239
Speaker 1: talked to my husband. I'm like, dude, you work for

767
00:35:43,280 --> 00:35:45,719
Speaker 1: the government and you have the boogiest taste of like

768
00:35:45,760 --> 00:35:49,319
Speaker 1: where do you come off with this? Like what it's like,

769
00:35:49,440 --> 00:35:52,080
Speaker 1: I must he has like this very specific T shirt brand.

770
00:35:52,120 --> 00:35:54,760
Speaker 1: He gets custom shirts. I'm like, I'm the one shopping

771
00:35:54,760 --> 00:35:56,120
Speaker 1: in the clearance track at H and M.

772
00:35:56,160 --> 00:35:57,480
Speaker 3: But the same as you.

773
00:35:57,600 --> 00:36:00,879
Speaker 1: I I was I was earning probably like two three

774
00:36:01,040 --> 00:36:03,319
Speaker 1: x what he was earning at the at my peak

775
00:36:03,360 --> 00:36:06,360
Speaker 1: earning career in you know, corporate America, so to speak.

776
00:36:06,760 --> 00:36:10,480
Speaker 1: But that's so that's so funny, and it's also you know,

777
00:36:10,560 --> 00:36:13,360
Speaker 1: shouts out to shout out to partners. You know, I

778
00:36:13,440 --> 00:36:15,760
Speaker 1: don't put genders on it, but partners who are willing

779
00:36:15,800 --> 00:36:18,400
Speaker 1: to maybe maybe they have their doubts, but they just

780
00:36:18,480 --> 00:36:21,279
Speaker 1: you know, have those in the shower alone. They they

781
00:36:21,360 --> 00:36:23,840
Speaker 1: support and they you know, have faith in their partners

782
00:36:23,880 --> 00:36:26,600
Speaker 1: to to really bet on themselves and to take their

783
00:36:26,640 --> 00:36:29,600
Speaker 1: career to a different place. That's really wonderful that he's

784
00:36:29,640 --> 00:36:33,760
Speaker 1: been supportive to you, and I I appreciate you talking

785
00:36:33,760 --> 00:36:36,960
Speaker 1: about the whole the values you know, and how you

786
00:36:37,480 --> 00:36:40,840
Speaker 1: as a partner. I've struggled with this too, probably a

787
00:36:40,880 --> 00:36:42,359
Speaker 1: little bit more than it sounds like you did. But

788
00:36:42,440 --> 00:36:44,600
Speaker 1: I was like, it was very hard for me to

789
00:36:44,920 --> 00:36:49,840
Speaker 1: start to share in the values based investing. Like so

790
00:36:50,320 --> 00:36:53,960
Speaker 1: for example, you know, I had no problem spending money

791
00:36:54,000 --> 00:36:57,399
Speaker 1: on values or experiences that I particularly wanted to have,

792
00:36:57,480 --> 00:36:59,759
Speaker 1: but when it came to a you know, if it

793
00:36:59,800 --> 00:37:02,920
Speaker 1: was a car or you know, uh, I don't know,

794
00:37:03,239 --> 00:37:05,799
Speaker 1: concert or something that you know Enrique really wanted it

795
00:37:05,840 --> 00:37:08,399
Speaker 1: was it was like, hmmm, it's not really worth it,

796
00:37:09,080 --> 00:37:11,799
Speaker 1: and I had to had to learn to share in

797
00:37:11,880 --> 00:37:13,799
Speaker 1: that it was. That was probably my one of the

798
00:37:13,800 --> 00:37:16,879
Speaker 1: more difficult challenges for me financially and like mentally as

799
00:37:16,880 --> 00:37:19,799
Speaker 1: a spouse was bringing them in and being open to

800
00:37:20,520 --> 00:37:23,839
Speaker 1: you know, they're what they value and not not discounting

801
00:37:23,840 --> 00:37:26,200
Speaker 1: it and making that a part of the overall plan.

802
00:37:26,480 --> 00:37:28,759
Speaker 5: Yeah, I mean, you know, it's important, just like and

803
00:37:28,840 --> 00:37:31,440
Speaker 5: for me, I think as growing up without really you know,

804
00:37:31,480 --> 00:37:34,000
Speaker 5: I didn't have a father in my life, or I

805
00:37:34,000 --> 00:37:35,960
Speaker 5: had father figures, I didn't really have a close relationship

806
00:37:36,000 --> 00:37:37,920
Speaker 5: with them, and so I was like for me, the

807
00:37:38,000 --> 00:37:40,680
Speaker 5: value based things like the simple even though I say

808
00:37:40,680 --> 00:37:43,439
Speaker 5: he's fancy, like the other things that he's about, which

809
00:37:43,480 --> 00:37:46,600
Speaker 5: is like family, and he's very grounded and supportive. Like

810
00:37:46,880 --> 00:37:48,560
Speaker 5: it's like one of the first signs like I saw

811
00:37:48,680 --> 00:37:50,960
Speaker 5: in him, like when we first started dating years ago,

812
00:37:51,719 --> 00:37:53,279
Speaker 5: that I said, like, out of all the things I

813
00:37:53,360 --> 00:37:55,279
Speaker 5: want in someone, it would be the opposite of what

814
00:37:55,719 --> 00:37:58,440
Speaker 5: I knew my dad to be. And so I think,

815
00:37:58,480 --> 00:38:00,120
Speaker 5: whatever that is. I know some people meet people like

816
00:38:00,160 --> 00:38:01,400
Speaker 5: that and they are not They don't turn out to

817
00:38:01,440 --> 00:38:04,120
Speaker 5: be this way eventually, but that's what he is and

818
00:38:04,120 --> 00:38:06,359
Speaker 5: who he is. And so even as an entrepreneur and now,

819
00:38:06,360 --> 00:38:08,600
Speaker 5: like I know, like having three kids, like he is

820
00:38:08,640 --> 00:38:12,360
Speaker 5: an equal partner in the house and in parenting. I

821
00:38:12,400 --> 00:38:14,239
Speaker 5: still feel like I do a little bit more, but

822
00:38:14,320 --> 00:38:17,240
Speaker 5: I feel like he is as much equal as outside

823
00:38:17,280 --> 00:38:19,480
Speaker 5: of my controlling self he can be in terms of

824
00:38:19,520 --> 00:38:21,839
Speaker 5: how I like things done. And it's been when people say,

825
00:38:21,880 --> 00:38:23,840
Speaker 5: how do you do this? Like how did you manage

826
00:38:23,880 --> 00:38:26,400
Speaker 5: all that stuff when you were working and commuting and

827
00:38:26,440 --> 00:38:27,960
Speaker 5: the kids, and how do you even do it now

828
00:38:28,239 --> 00:38:30,279
Speaker 5: as like a business owner with the kids, It's like, well,

829
00:38:30,440 --> 00:38:33,880
Speaker 5: because I he's an equal partner in this, and that

830
00:38:34,080 --> 00:38:36,280
Speaker 5: has a lot to do with I think how it

831
00:38:36,320 --> 00:38:38,759
Speaker 5: allows me to make money and be happy, and how

832
00:38:38,800 --> 00:38:40,759
Speaker 5: our household lives and how we choose to spend money.

833
00:38:40,840 --> 00:38:43,000
Speaker 5: So I'm proud of the fact that I chose I

834
00:38:43,080 --> 00:38:44,080
Speaker 5: chose him as my husband.

835
00:38:45,239 --> 00:38:47,720
Speaker 1: Isn't Jamila the best? And shout out to her husband

836
00:38:47,760 --> 00:39:08,320
Speaker 1: Woody as well? To close out this walk down memory Lane,

837
00:39:08,400 --> 00:39:11,600
Speaker 1: I chose a very special part of the conversation that

838
00:39:11,640 --> 00:39:15,879
Speaker 1: I have with Janice Torres Rodriguez from the Jochio Dinero podcast.

839
00:39:16,160 --> 00:39:19,160
Speaker 1: Janie is a bad ass, y'all. First of all, I

840
00:39:19,280 --> 00:39:22,440
Speaker 1: love the way that she talks about how she built

841
00:39:22,440 --> 00:39:25,640
Speaker 1: her confidence in a very male dominated world in her

842
00:39:25,680 --> 00:39:29,960
Speaker 1: fields of engineering, and how she flipped all the stereotypes

843
00:39:30,000 --> 00:39:33,440
Speaker 1: on their head, becoming very used to being one of

844
00:39:33,560 --> 00:39:36,280
Speaker 1: the only, if not the only, female in a room.

845
00:39:36,719 --> 00:39:39,160
Speaker 1: And she even talks about how she actually got used

846
00:39:39,160 --> 00:39:41,080
Speaker 1: to being man's plain to the point where it became

847
00:39:41,120 --> 00:39:44,040
Speaker 1: an asset to her that she could actually stomach it.

848
00:39:44,520 --> 00:39:48,000
Speaker 1: So let's round out our walk down memory lane with

849
00:39:48,080 --> 00:39:51,759
Speaker 1: a look back at my conversation with Janie. Yeah, so,

850
00:39:51,920 --> 00:39:56,120
Speaker 1: as an engineer and a Latina like, I think that

851
00:39:56,280 --> 00:39:59,279
Speaker 1: the career experience has definitely served me well in the

852
00:39:59,320 --> 00:40:03,279
Speaker 1: sense that I'm so used to being mansplained that now

853
00:40:03,320 --> 00:40:06,120
Speaker 1: when it happens in like the personal finance sphere, which yes,

854
00:40:06,160 --> 00:40:07,360
Speaker 1: it absolutely does.

855
00:40:07,640 --> 00:40:08,920
Speaker 3: It kind of doesn't bother me.

856
00:40:08,960 --> 00:40:12,520
Speaker 7: I'm just like, bitch, like what, like we are the same,

857
00:40:12,640 --> 00:40:16,160
Speaker 7: so I'm not even here to like I don't need

858
00:40:16,160 --> 00:40:19,440
Speaker 7: your explanations, sir, thank you. And because that came so

859
00:40:19,560 --> 00:40:22,719
Speaker 7: much from like my corporate experience, I was usually the

860
00:40:22,800 --> 00:40:25,480
Speaker 7: youngest woman in the room, I was usually the only

861
00:40:25,520 --> 00:40:27,960
Speaker 7: woman of color, and there was a lot of like that,

862
00:40:28,239 --> 00:40:30,799
Speaker 7: just you know that girl, that girl gets like the

863
00:40:30,840 --> 00:40:33,319
Speaker 7: project that nobody else wants to work on and just

864
00:40:33,360 --> 00:40:36,200
Speaker 7: gets talked down to, gets told that I'm aggressive when

865
00:40:36,360 --> 00:40:38,600
Speaker 7: you know the men are quote unquote being assertive blah

866
00:40:38,600 --> 00:40:41,799
Speaker 7: blah blah. So I think from that perspective, like, I'm

867
00:40:41,840 --> 00:40:43,719
Speaker 7: grateful for the fact that it gave me a thick skin,

868
00:40:43,760 --> 00:40:45,840
Speaker 7: because right, I don't take any shit from anybody at

869
00:40:45,840 --> 00:40:47,640
Speaker 7: this point, and I think my career has a lot

870
00:40:47,680 --> 00:40:51,600
Speaker 7: to do with that. But I think I followed my

871
00:40:51,800 --> 00:40:55,240
Speaker 7: father's footsteps when it comes to an engineering background, because

872
00:40:55,239 --> 00:40:57,880
Speaker 7: he is an engineer as well. He works on like

873
00:40:58,400 --> 00:41:03,360
Speaker 7: automating production line for manufacturing companies, and so I always

874
00:41:03,480 --> 00:41:06,880
Speaker 7: like was surrounded by technology and curiosity in science, Like

875
00:41:07,160 --> 00:41:09,759
Speaker 7: that was always the vibe that was in my house.

876
00:41:09,760 --> 00:41:12,399
Speaker 7: I was always wanting to find out what my dad

877
00:41:12,440 --> 00:41:14,520
Speaker 7: was working on. So I think, you know, I saw

878
00:41:14,600 --> 00:41:17,640
Speaker 7: him being financially successful and I wanted to mimic that.

879
00:41:18,440 --> 00:41:20,920
Speaker 7: But then I also realized, like, after a while, I

880
00:41:21,000 --> 00:41:23,480
Speaker 7: just don't care about this. This is not what lights

881
00:41:23,480 --> 00:41:26,040
Speaker 7: me up. Yes, I was making great money, like I

882
00:41:26,080 --> 00:41:28,680
Speaker 7: was twenty five years old, making like seventy five thousand dollars.

883
00:41:29,120 --> 00:41:32,400
Speaker 7: I started making six figures before I turned thirty. And

884
00:41:33,160 --> 00:41:37,400
Speaker 7: you know, the monetary aspect of it is what kept

885
00:41:37,440 --> 00:41:40,000
Speaker 7: me in the field for so long, because I had

886
00:41:40,000 --> 00:41:41,920
Speaker 7: all these thoughts about, like, well, what the hell else

887
00:41:41,920 --> 00:41:43,279
Speaker 7: am I going to do? It's actually gonna be able

888
00:41:43,320 --> 00:41:46,000
Speaker 7: to pay me this type of money. But at some

889
00:41:46,120 --> 00:41:50,000
Speaker 7: point I just realized, like, I can't go through life

890
00:41:50,520 --> 00:41:55,000
Speaker 7: just living with the excitement of a paycheck because it's

891
00:41:55,160 --> 00:41:58,120
Speaker 7: not it's not worth it to me. I can't wake

892
00:41:58,239 --> 00:42:01,200
Speaker 7: up every day with anxiety about going to work and

893
00:42:01,280 --> 00:42:04,200
Speaker 7: doing something that literally just like drains me. And then

894
00:42:04,200 --> 00:42:07,800
Speaker 7: I don't care about.

895
00:42:06,840 --> 00:42:09,200
Speaker 1: I'm sitting with that for a moment because I want people.

896
00:42:09,520 --> 00:42:12,600
Speaker 1: You don't You guys don't have to do it. There's

897
00:42:12,680 --> 00:42:17,200
Speaker 1: another way. Here's another way. You mentioned therapy earlier. Now,

898
00:42:17,680 --> 00:42:20,160
Speaker 1: I talked to my husband about therapy because I've been

899
00:42:20,160 --> 00:42:22,160
Speaker 1: in therapy ever since I got pregnant a couple of

900
00:42:22,239 --> 00:42:24,799
Speaker 1: years ago. I just knew it's well, first of all,

901
00:42:24,840 --> 00:42:26,480
Speaker 1: I know it's really hard to find a therapist that

902
00:42:26,520 --> 00:42:29,000
Speaker 1: you jive with, and I I was looking for therapists

903
00:42:29,000 --> 00:42:31,319
Speaker 1: before you know, better help and talk space and all

904
00:42:31,320 --> 00:42:34,640
Speaker 1: these new apps and stuff. But I whenever I kind

905
00:42:34,640 --> 00:42:36,840
Speaker 1: of bring it up, I can feel the air in

906
00:42:36,880 --> 00:42:39,680
Speaker 1: the room change around. My husband and his family. They're

907
00:42:39,719 --> 00:42:43,400
Speaker 1: Dominican American and you know, first generation in this country,

908
00:42:43,800 --> 00:42:46,520
Speaker 1: and there's just there's a bit of a stigma about it.

909
00:42:46,520 --> 00:42:49,200
Speaker 1: It's very much like not from him, but like from

910
00:42:49,239 --> 00:42:51,719
Speaker 1: some of his extended family. You know, why won't you

911
00:42:51,760 --> 00:42:53,520
Speaker 1: just talk to God about that? And by the way,

912
00:42:54,160 --> 00:42:58,240
Speaker 1: I come from a very uh southern black family in Atlanta,

913
00:42:58,280 --> 00:43:00,360
Speaker 1: and it's the same damn thing. It's like, oh, no,

914
00:43:00,560 --> 00:43:03,439
Speaker 1: we talked to Jesus when we have problems, we know what.

915
00:43:04,000 --> 00:43:06,280
Speaker 1: So what was that like for you? Was it easy

916
00:43:06,320 --> 00:43:09,080
Speaker 1: for you to turn to therapy in your journey or

917
00:43:09,120 --> 00:43:11,840
Speaker 1: did you have did you have any like internalized stigmas

918
00:43:11,840 --> 00:43:12,680
Speaker 1: against it as well?

919
00:43:13,200 --> 00:43:16,480
Speaker 7: I definitely had internalized stigmas. My husband went to therapy

920
00:43:16,560 --> 00:43:20,040
Speaker 7: before I did, and so I actually followed his example

921
00:43:20,160 --> 00:43:23,799
Speaker 7: because mental health was something that was very common in

922
00:43:23,960 --> 00:43:26,840
Speaker 7: his family like to talk about, and I was the

923
00:43:26,880 --> 00:43:29,880
Speaker 7: complete opposite. So he actually gave me like the courage

924
00:43:29,880 --> 00:43:32,880
Speaker 7: to even pursue this. And you know, at some point

925
00:43:32,920 --> 00:43:34,960
Speaker 7: I wanted to talk about it to my family too,

926
00:43:35,040 --> 00:43:37,200
Speaker 7: And when I first told them, of course, they're just like, girl, like,

927
00:43:37,280 --> 00:43:38,799
Speaker 7: what do you have to complain about, Like you have

928
00:43:38,840 --> 00:43:41,600
Speaker 7: a perfect life, get over it, your anxieties made up,

929
00:43:41,640 --> 00:43:43,920
Speaker 7: blah blah blah. But at some point, you know, you

930
00:43:44,040 --> 00:43:47,200
Speaker 7: kind of have to just brush that stuff aside and realize, like,

931
00:43:47,520 --> 00:43:49,960
Speaker 7: your feelings are your feelings. You don't need somebody else

932
00:43:50,000 --> 00:43:53,040
Speaker 7: to validate them, and if you need help, like, that's

933
00:43:53,239 --> 00:43:57,920
Speaker 7: what it's there for. So whoever approves or doesn't, they

934
00:43:57,960 --> 00:43:59,560
Speaker 7: got to get over that shit because it has nothing

935
00:43:59,560 --> 00:44:00,000
Speaker 7: to do with you.

936
00:44:01,000 --> 00:44:02,160
Speaker 3: I love that your husband.

937
00:44:02,480 --> 00:44:06,440
Speaker 1: I've never heard an anecdote from someone saying my male partner,

938
00:44:06,520 --> 00:44:09,479
Speaker 1: my husband encouraged me to get into therapy. I want

939
00:44:09,480 --> 00:44:12,960
Speaker 1: to hear more stories like that. I think that's amazing. Yeah, okay,

940
00:44:13,360 --> 00:44:15,680
Speaker 1: well we don't have that much time, but I want to.

941
00:44:16,040 --> 00:44:18,759
Speaker 1: So we haven't even gotten to Jokida d Naro. But

942
00:44:18,760 --> 00:44:22,800
Speaker 1: before her, you've lived like twelve lives in the past decade,

943
00:44:22,840 --> 00:44:26,040
Speaker 1: it feels like, but you didn't start with Yokito.

944
00:44:25,719 --> 00:44:27,040
Speaker 3: D Nato while you were working.

945
00:44:27,120 --> 00:44:30,880
Speaker 1: You've launched your food blog right, Delish Delights, which is

946
00:44:30,920 --> 00:44:33,680
Speaker 1: to this day, one of your ten income sources, which

947
00:44:33,680 --> 00:44:36,440
Speaker 1: we're going to talk to Genie about how she has

948
00:44:36,480 --> 00:44:39,360
Speaker 1: ten streams of income, which is like major goals. But

949
00:44:39,840 --> 00:44:42,640
Speaker 1: talk to me about Delish Delights how it is making

950
00:44:42,680 --> 00:44:45,520
Speaker 1: money for you today. And then when did you pivot

951
00:44:45,560 --> 00:44:49,520
Speaker 1: from food blogging to money blogging and money advice?

952
00:44:50,120 --> 00:44:52,840
Speaker 7: Yeah, so the food blog is definitely like a creative

953
00:44:52,880 --> 00:44:55,520
Speaker 7: outlet that I started because of this frustration that I

954
00:44:55,560 --> 00:44:58,640
Speaker 7: had around my career. I had a typical quarter life

955
00:44:58,680 --> 00:45:00,319
Speaker 7: crisis where I'm like, I wake up, my I'm like

956
00:45:00,320 --> 00:45:02,920
Speaker 7: twenty seven years old, What the hell is my life?

957
00:45:03,000 --> 00:45:03,080
Speaker 1: Like?

958
00:45:03,320 --> 00:45:05,920
Speaker 7: Why is this the thing that we all have to do?

959
00:45:05,960 --> 00:45:07,120
Speaker 7: Like why do we just have to go to work

960
00:45:07,160 --> 00:45:09,120
Speaker 7: every day and work till we're sixty five and then

961
00:45:09,200 --> 00:45:12,200
Speaker 7: like go and enjoy life. So I was convinced that

962
00:45:12,280 --> 00:45:14,680
Speaker 7: like maybe I should just quit my job and go

963
00:45:14,760 --> 00:45:17,200
Speaker 7: to culinary school and I'm going to be like, you know,

964
00:45:17,320 --> 00:45:21,680
Speaker 7: Gordon Ramsey or something. But then I realized, okay, wait,

965
00:45:21,719 --> 00:45:23,840
Speaker 7: so I'm gonna take like a massive pay cup because

966
00:45:23,920 --> 00:45:26,319
Speaker 7: we all know the restaurant industry doesn't pay. I'm going

967
00:45:26,400 --> 00:45:28,479
Speaker 7: to get into more student loans debt when I'm still

968
00:45:28,480 --> 00:45:32,440
Speaker 7: paying off like my master's degree. Hold on, maybe this

969
00:45:32,600 --> 00:45:35,440
Speaker 7: is not the route to go. So then I discovered

970
00:45:35,440 --> 00:45:39,480
Speaker 7: the world of online blogging. So I started finding websites

971
00:45:39,560 --> 00:45:42,920
Speaker 7: like skinny Taste dot com and The Pioneer Woman, and

972
00:45:43,040 --> 00:45:47,359
Speaker 7: I realized, oh, this love of cooking that I have

973
00:45:47,520 --> 00:45:50,040
Speaker 7: can actually be something that I can do from home

974
00:45:50,520 --> 00:45:53,960
Speaker 7: and I can create like this website, and maybe I

975
00:45:54,000 --> 00:45:57,560
Speaker 7: can actually monetize this, and so I dove in like

976
00:45:57,719 --> 00:46:01,600
Speaker 7: head first. I created my blok. I started sharing recipes.

977
00:46:01,640 --> 00:46:02,040
Speaker 3: Every day.

978
00:46:02,120 --> 00:46:03,960
Speaker 7: I was like, you know, my husband would come home,

979
00:46:04,000 --> 00:46:05,680
Speaker 7: I'd be like on top of the kitchen table, like

980
00:46:05,760 --> 00:46:10,239
Speaker 7: taking pictures every dish in the you know, kitchen sink,

981
00:46:10,320 --> 00:46:13,799
Speaker 7: all the pots would be used. And then I got

982
00:46:13,840 --> 00:46:16,040
Speaker 7: laid off like six months after I started the blog

983
00:46:16,080 --> 00:46:19,320
Speaker 7: and have this free time to myself to really just pretend,

984
00:46:19,360 --> 00:46:21,440
Speaker 7: like what would it be like if I was a

985
00:46:22,080 --> 00:46:25,120
Speaker 7: self employed person making a living off of a food blog.

986
00:46:25,520 --> 00:46:28,360
Speaker 7: So I took the opportunity to take some courses in

987
00:46:28,600 --> 00:46:31,080
Speaker 7: food blogging, which was just becoming like a thing that

988
00:46:31,120 --> 00:46:33,560
Speaker 7: people were actually teaching you how to do that you

989
00:46:33,600 --> 00:46:36,719
Speaker 7: could actually make money on. And I started implementing what

990
00:46:36,800 --> 00:46:40,840
Speaker 7: I was learning into my journey as a blogger, and

991
00:46:40,920 --> 00:46:43,640
Speaker 7: so here we are, like eight years later. You know,

992
00:46:43,680 --> 00:46:46,799
Speaker 7: I started monetizing the blog maybe two years after I

993
00:46:46,840 --> 00:46:50,320
Speaker 7: started it, because those two years were basically a huge

994
00:46:50,400 --> 00:46:52,799
Speaker 7: learning curve where I was starting to understand, like how

995
00:46:52,840 --> 00:46:55,839
Speaker 7: you actually monetize a brand that you create online. And

996
00:46:56,040 --> 00:46:59,080
Speaker 7: eight years later, the blog is earning anywhere from ten

997
00:46:59,200 --> 00:47:03,240
Speaker 7: to fifteen thousan dollars a month in passive income from

998
00:47:03,719 --> 00:47:06,880
Speaker 7: ads from traffic that is coming to my website. I

999
00:47:06,920 --> 00:47:10,160
Speaker 7: reach about four million visitors a year now with my website.

1000
00:47:10,960 --> 00:47:14,400
Speaker 7: Thank y'all so much for rocking with me this past

1001
00:47:14,480 --> 00:47:18,120
Speaker 7: month during our summer co host series. I miss Tiffany.

1002
00:47:18,200 --> 00:47:20,920
Speaker 1: She will be back next week, so check out our

1003
00:47:20,960 --> 00:47:23,759
Speaker 1: episode coming up next week on July. Let me look

1004
00:47:23,760 --> 00:47:26,279
Speaker 1: at my calendar, because y'all know, mom brain is a

1005
00:47:26,320 --> 00:47:31,160
Speaker 1: real affliction. July fourteenth, we are back with a fresh

1006
00:47:31,200 --> 00:47:33,600
Speaker 1: episode with Tiffany. She is going to be back in

1007
00:47:33,640 --> 00:47:36,479
Speaker 1: the co host chair. I cannot wait. But again, thank

1008
00:47:36,480 --> 00:47:38,799
Speaker 1: you so much to our listeners for rocking with me

1009
00:47:38,920 --> 00:47:42,360
Speaker 1: this past month and to our co host Chris Berna,

1010
00:47:42,560 --> 00:47:45,840
Speaker 1: Janice Jamila. Thank y'all so so much. From the bottom

1011
00:47:45,880 --> 00:47:48,479
Speaker 1: of my heart. For joining me and opening up about

1012
00:47:48,480 --> 00:47:53,120
Speaker 1: your financial journeys. They have been inspiring, hilarious, thought provoking.

1013
00:47:53,360 --> 00:47:55,839
Speaker 1: I can't wait. Can't wait for you guys to catch

1014
00:47:55,880 --> 00:47:58,359
Speaker 1: up and listen to all of them. Check out our

1015
00:47:58,400 --> 00:48:03,400
Speaker 1: podcast wherever you get them Apple Podcasts, Google Podcast, Amazon Podcasts,

1016
00:48:03,480 --> 00:48:05,560
Speaker 1: a Lord, Stitcher, tune in wherever you want to get them.

1017
00:48:05,800 --> 00:48:08,279
Speaker 1: Check out these episodes, and don't forget to hit us

1018
00:48:08,320 --> 00:48:10,399
Speaker 1: up on Instagram. Let us know what you liked about

1019
00:48:10,440 --> 00:48:13,160
Speaker 1: an episode. Send us your questions, y'all know we love

1020
00:48:13,200 --> 00:48:17,520
Speaker 1: to answer them. We are at Brown Ambition Podcast on Instagram.

1021
00:48:17,640 --> 00:48:20,120
Speaker 1: You can also tweet us at the BA podcast or

1022
00:48:20,239 --> 00:48:23,760
Speaker 1: send us an email where Brown Ambition Podcast at gmail

1023
00:48:23,880 --> 00:48:25,480
Speaker 1: dot com.

1024
00:48:25,520 --> 00:48:27,680
Speaker 3: Ah, that was the best I knew I was going

1025
00:48:27,719 --> 00:48:28,120
Speaker 3: to love that.

1026
00:48:28,480 --> 00:48:30,520
Speaker 1: Hope you guys enjoyed that throwback where we got to

1027
00:48:30,520 --> 00:48:32,680
Speaker 1: listen to some of our favorite friends of the show

1028
00:48:33,120 --> 00:48:35,640
Speaker 1: from the past summer. It was a really fun trip

1029
00:48:35,680 --> 00:48:38,640
Speaker 1: down memory lane. And make sure y'all keep coming back

1030
00:48:38,719 --> 00:48:41,920
Speaker 1: every Monday, Wednesday, and Friday three times a week for

1031
00:48:42,360 --> 00:48:44,839
Speaker 1: more Brown Ambition. See y'all next time.

1032
00:48:44,960 --> 00:48:47,000
Speaker 3: Bye,