1 00:00:06,559 --> 00:00:13,160 Speaker 1: Hey, hey, hey, we're back. We're black, especially with June 2 00:00:13,200 --> 00:00:20,520 Speaker 1: teeth coming up, we're brown, Ambuson, he. 3 00:00:23,560 --> 00:00:28,680 Speaker 2: Pardoned me just the Rona. No, I'm the last I'm 4 00:00:28,720 --> 00:00:31,600 Speaker 2: the last woman standing in my household who has not 5 00:00:31,720 --> 00:00:35,560 Speaker 2: succumbed to COVID. It came for us, Tiffany. It came 6 00:00:35,680 --> 00:00:38,960 Speaker 2: like a dark cloud. Last week started with my cousin, 7 00:00:39,840 --> 00:00:41,960 Speaker 2: and I'm torn between making her feel guilty or not. 8 00:00:42,120 --> 00:00:44,400 Speaker 2: I know that there's no blame in it. Anyone can 9 00:00:44,440 --> 00:00:46,760 Speaker 2: get it now. It's highly contagious, but it feels good 10 00:00:46,800 --> 00:00:50,760 Speaker 2: to point a fingers sometimes. But yeah, So started with 11 00:00:50,800 --> 00:00:56,240 Speaker 2: my cousin and then my baby Rio tested positive yesterday, 12 00:00:57,000 --> 00:00:58,320 Speaker 2: so he's out of daycare. 13 00:00:58,000 --> 00:00:59,640 Speaker 1: For ten days. 14 00:01:00,880 --> 00:01:03,920 Speaker 2: And better believe they're not going to pro rate the fee. Nope, 15 00:01:04,080 --> 00:01:06,480 Speaker 2: I'm still gonna pay all my two one and seventy 16 00:01:06,520 --> 00:01:07,080 Speaker 2: five dollars. 17 00:01:08,160 --> 00:01:09,120 Speaker 1: So he's out of daycare. 18 00:01:10,200 --> 00:01:11,920 Speaker 2: And it was funny, is like when we were trying 19 00:01:11,920 --> 00:01:14,360 Speaker 2: to figure out last night, I'm like, what'sapping, Tiffany, like 20 00:01:14,440 --> 00:01:16,959 Speaker 2: telling you what's going on? And I'm thinking, you know, 21 00:01:17,040 --> 00:01:20,440 Speaker 2: my husband's busier than ever at work, and I do 22 00:01:20,560 --> 00:01:23,440 Speaker 2: understand that intellectually, but also I do not care. I'm like, 23 00:01:23,880 --> 00:01:26,560 Speaker 2: you must stay home and help me, but he's like, no, 24 00:01:26,640 --> 00:01:29,160 Speaker 2: I have to go in. But I never imagined I 25 00:01:29,160 --> 00:01:32,919 Speaker 2: would root for him to get COVID, But I said, 26 00:01:33,440 --> 00:01:35,920 Speaker 2: I might have whispered a tiny prayer because like, if 27 00:01:35,920 --> 00:01:39,440 Speaker 2: he's positive, then he can't go. And sure enough, he 28 00:01:39,480 --> 00:01:41,880 Speaker 2: woke up this morning. I'm such a jerk. Yeah, he 29 00:01:41,920 --> 00:01:44,880 Speaker 2: woke up this morning positive and achy and waw. So 30 00:01:45,319 --> 00:01:48,080 Speaker 2: both my boys are in bed with peanut butter and 31 00:01:48,120 --> 00:01:50,840 Speaker 2: jelly sandwiches right now. I tuck them in with two 32 00:01:50,840 --> 00:01:54,280 Speaker 2: iPads and they're sandwiches. I said, Mommy's going to work. 33 00:01:55,120 --> 00:01:57,920 Speaker 1: Meanwhile, man's over here looking fabulous if he's just listening. 34 00:01:59,160 --> 00:02:01,960 Speaker 1: I mean Mandy's hair. First of all, these curls are popping. 35 00:02:02,000 --> 00:02:03,640 Speaker 1: I don't know what you've done new, if it's a 36 00:02:03,680 --> 00:02:04,680 Speaker 1: new product or whatever. 37 00:02:04,720 --> 00:02:08,040 Speaker 2: These girls keep the spray bottle. We rehydrate. I keep 38 00:02:08,840 --> 00:02:11,200 Speaker 2: rehydrating like a pop. 39 00:02:11,840 --> 00:02:13,679 Speaker 1: And then on top of that, tell me I was 40 00:02:13,680 --> 00:02:16,200 Speaker 1: gonna say, Mandy got a red lip on and it 41 00:02:16,280 --> 00:02:20,000 Speaker 1: is playing beautifully against her yellow shirt. I'm like, ron aware, 42 00:02:20,080 --> 00:02:24,679 Speaker 1: Mandy's looking like looking like you can't look this good, 43 00:02:24,720 --> 00:02:25,880 Speaker 1: and they your boys are. 44 00:02:25,800 --> 00:02:29,160 Speaker 2: Like everything is better with a red lip, the same 45 00:02:29,160 --> 00:02:31,280 Speaker 2: way I got Rio a brand new truck today and 46 00:02:31,360 --> 00:02:33,600 Speaker 2: it just brought He was like, Rona, who you know 47 00:02:33,600 --> 00:02:35,320 Speaker 2: what I mean, you gotta we have to fake it 48 00:02:35,360 --> 00:02:39,080 Speaker 2: to make it at a certain point. Yeah. So hopefully 49 00:02:39,120 --> 00:02:41,239 Speaker 2: by the time you guys hear this, we'll start they'll 50 00:02:41,280 --> 00:02:44,480 Speaker 2: start start feeling better, and I will not feel any 51 00:02:44,480 --> 00:02:46,960 Speaker 2: different than I do at this moment in time. Fingers 52 00:02:47,080 --> 00:02:47,840 Speaker 2: fingers crossed. 53 00:02:48,639 --> 00:02:52,320 Speaker 1: What's new? What you actually right before this? You know, 54 00:02:53,160 --> 00:02:54,440 Speaker 1: I was telling you. I was like, oh, I gotta 55 00:02:54,480 --> 00:02:58,959 Speaker 1: be with my attorney because my CFP on Jilly, which 56 00:02:59,000 --> 00:03:01,440 Speaker 1: is a Certified Finance Planner, which is like the gold 57 00:03:01,480 --> 00:03:06,320 Speaker 1: star standard for financial advisors. She was like, Tiffany, you 58 00:03:06,360 --> 00:03:08,720 Speaker 1: need to get your trust in order. And I was like, 59 00:03:08,840 --> 00:03:12,880 Speaker 1: for why Because I got a really good, thorough will. 60 00:03:13,480 --> 00:03:14,880 Speaker 1: And I was going back and forth. So I met 61 00:03:14,880 --> 00:03:18,120 Speaker 1: with Tony, who's my attorney, and I was like, oh, 62 00:03:18,680 --> 00:03:22,240 Speaker 1: because even me with all my learnings, didn't fully get 63 00:03:22,240 --> 00:03:24,239 Speaker 1: the difference between a will and a trust. I kind 64 00:03:24,240 --> 00:03:26,280 Speaker 1: of got it, but not really. But now I feel 65 00:03:26,320 --> 00:03:28,800 Speaker 1: like I'm like a good eighty percent, like okay, not 66 00:03:28,960 --> 00:03:31,440 Speaker 1: like I can't be an attorney, but I'm like, oh, 67 00:03:31,480 --> 00:03:33,040 Speaker 1: I got it. Would you like to know what I 68 00:03:33,120 --> 00:03:33,799 Speaker 1: learned about that? 69 00:03:35,000 --> 00:03:37,160 Speaker 2: I would love too, because I was told to create 70 00:03:37,200 --> 00:03:39,640 Speaker 2: a trust too, and I forget why, but I. 71 00:03:39,640 --> 00:03:43,360 Speaker 1: Was planning to do it so typically, so the main 72 00:03:43,400 --> 00:03:46,400 Speaker 1: difference is a will is supposed to say this is 73 00:03:46,440 --> 00:03:49,240 Speaker 1: what happens to my stuff immediately after I pass away, 74 00:03:49,360 --> 00:03:51,240 Speaker 1: typically like up to a year. That's like how much 75 00:03:51,320 --> 00:03:53,480 Speaker 1: control you have, Like I pass away, this is what 76 00:03:53,520 --> 00:03:55,800 Speaker 1: I want to happen to my stuff up to a year. Right. 77 00:03:55,920 --> 00:03:59,720 Speaker 1: A trust really is supposed to be like what happens 78 00:03:59,760 --> 00:04:03,440 Speaker 1: in perpetuity, So if you have additional instructions, so let's 79 00:04:03,440 --> 00:04:06,120 Speaker 1: just say for real, you're like, you know what something 80 00:04:06,120 --> 00:04:10,560 Speaker 1: happens to you? God forbid? And you're like, but right now, 81 00:04:10,680 --> 00:04:12,960 Speaker 1: I yes, when I pass away, if something happened to me, 82 00:04:13,040 --> 00:04:17,440 Speaker 1: then RIO would get my assets along with husby. But 83 00:04:17,720 --> 00:04:20,760 Speaker 1: I really kind of want because I don't want because 84 00:04:20,760 --> 00:04:24,000 Speaker 1: with children, they typically don't get access to whatever funds 85 00:04:24,040 --> 00:04:27,160 Speaker 1: until they turn eighteen. But let's be real, eighteen year 86 00:04:27,200 --> 00:04:28,640 Speaker 1: olds ain't ready for no money. 87 00:04:28,640 --> 00:04:31,320 Speaker 2: Right give him You might say, are fifteen, but don't 88 00:04:31,360 --> 00:04:33,760 Speaker 2: give him money. 89 00:04:33,000 --> 00:04:37,080 Speaker 1: Exactly, but you might say, because I don't want my 90 00:04:37,240 --> 00:04:40,920 Speaker 1: money or my assets to be given to my child 91 00:04:41,040 --> 00:04:43,520 Speaker 1: even when he's eighteen, at least not right away. I 92 00:04:43,640 --> 00:04:47,360 Speaker 1: want to have more control beyond that. A trust is 93 00:04:47,400 --> 00:04:50,200 Speaker 1: where you say he can get the like, you know, 94 00:04:50,279 --> 00:04:52,880 Speaker 1: I'm just enough for college at eighteen, he can get 95 00:04:52,920 --> 00:04:55,280 Speaker 1: maybe I'm half at twenty five and the other half 96 00:04:55,279 --> 00:04:57,960 Speaker 1: at thirty. So a trust allows you to say, beyond 97 00:04:58,040 --> 00:05:00,919 Speaker 1: the initial i'm not here in distantly what happens with 98 00:05:01,000 --> 00:05:04,600 Speaker 1: my assets. A trust will allow you to make decisions 99 00:05:04,760 --> 00:05:07,200 Speaker 1: years and years and years from now. So typically people 100 00:05:07,279 --> 00:05:08,880 Speaker 1: get trust when they want to do that, especially with 101 00:05:08,920 --> 00:05:12,039 Speaker 1: your children, or if they want to leave something for 102 00:05:12,320 --> 00:05:13,920 Speaker 1: generations that are not even here yet. 103 00:05:14,760 --> 00:05:20,080 Speaker 2: Yeah, so you can the passing of wealth, yes, because 104 00:05:20,080 --> 00:05:21,880 Speaker 2: it's not just your bank accounts, right is it also 105 00:05:21,920 --> 00:05:26,080 Speaker 2: your assets and your business? You know what happened that? 106 00:05:26,600 --> 00:05:28,919 Speaker 1: So with my trust, I was like, okay, so I 107 00:05:28,960 --> 00:05:31,120 Speaker 1: have a really clear cut will if something happens to me, 108 00:05:31,240 --> 00:05:34,440 Speaker 1: my parents get some money, and then my sisters really 109 00:05:34,440 --> 00:05:37,359 Speaker 1: just split my account for ways, because that's it, you know. 110 00:05:37,640 --> 00:05:40,760 Speaker 1: So but I was like, but my two of my 111 00:05:40,760 --> 00:05:43,719 Speaker 1: sisters have children, so I wanted to dictate how I 112 00:05:43,720 --> 00:05:45,320 Speaker 1: wanted that to look just because of what all that 113 00:05:45,360 --> 00:05:48,800 Speaker 1: I'm going through with my late husband's assets, I'm like, oh, 114 00:05:48,800 --> 00:05:50,280 Speaker 1: if I would have known this, we would have done this. 115 00:05:50,360 --> 00:05:53,480 Speaker 1: I'm like, we're not doing that. So just to be clear, like, 116 00:05:54,040 --> 00:05:57,960 Speaker 1: if you leave money to a child, the state that 117 00:05:58,000 --> 00:06:00,200 Speaker 1: you live and will typically hold those funds and till 118 00:06:00,200 --> 00:06:02,960 Speaker 1: they turned eighteen and then they really can't do anything. 119 00:06:03,000 --> 00:06:04,920 Speaker 1: You know, the eighteen year old can blow it, which 120 00:06:04,920 --> 00:06:07,760 Speaker 1: they likely will, and I'm just like, knowing what I 121 00:06:07,800 --> 00:06:10,520 Speaker 1: know now, I'm certain that my husband would probably be like, ugh, 122 00:06:10,640 --> 00:06:12,320 Speaker 1: I probably would have want to divvy it out a 123 00:06:12,360 --> 00:06:15,760 Speaker 1: little bit further. And so with my trust, that's what 124 00:06:15,800 --> 00:06:19,159 Speaker 1: I'm doing. So I have accounts for all the children 125 00:06:19,200 --> 00:06:22,000 Speaker 1: in my life currently. So I've got like custodia accounts 126 00:06:22,000 --> 00:06:25,120 Speaker 1: for Alyssa, my stepdaughter, whereas most of her college fund is. 127 00:06:25,400 --> 00:06:28,599 Speaker 1: I've got for my nephew Roman who is six, my 128 00:06:28,680 --> 00:06:32,720 Speaker 1: niece Amelia who's five, and my niece Lily who is 129 00:06:33,320 --> 00:06:37,640 Speaker 1: I believe three, three or four and so but instead 130 00:06:37,839 --> 00:06:42,320 Speaker 1: of having them be the beneficiaries, I'm now going to 131 00:06:42,440 --> 00:06:46,960 Speaker 1: make the trust the beneficiary. So if something happens to Auntie, 132 00:06:47,720 --> 00:06:50,120 Speaker 1: your money goes to a trust, and the trust says, 133 00:06:50,360 --> 00:06:52,039 Speaker 1: you thought you was getting this at eighteen, You're not 134 00:06:52,880 --> 00:06:56,520 Speaker 1: the trust that because normally a will says something happens 135 00:06:56,560 --> 00:06:58,840 Speaker 1: to Auntie, it goes to you, the court will hold 136 00:06:58,880 --> 00:07:01,480 Speaker 1: it when you turn eighteen, it goes turns over. I'm like, no, no, no, no, 137 00:07:02,080 --> 00:07:05,080 Speaker 1: I want to still be here guiding you. So it 138 00:07:05,120 --> 00:07:07,839 Speaker 1: goes to a trust now, not to you and the trust. 139 00:07:07,960 --> 00:07:09,400 Speaker 1: Then I could have a trust give it to you 140 00:07:09,400 --> 00:07:11,840 Speaker 1: when you're eighty five if I wanted to. So you 141 00:07:11,840 --> 00:07:14,800 Speaker 1: can put things like that, so it's not that First 142 00:07:14,840 --> 00:07:18,360 Speaker 1: I was like, well, Tony, should I put, for example, 143 00:07:18,400 --> 00:07:21,000 Speaker 1: of my home in a trust. And the problem with 144 00:07:21,160 --> 00:07:24,000 Speaker 1: doing so is that when you put an asset like 145 00:07:24,080 --> 00:07:27,720 Speaker 1: that and a trust, it is a taxable event, meaning 146 00:07:27,720 --> 00:07:30,240 Speaker 1: that the trust has to purchase the home or if 147 00:07:30,280 --> 00:07:32,280 Speaker 1: you transfer it to the trust, now the trust has 148 00:07:32,320 --> 00:07:35,720 Speaker 1: to pay taxes on that home that or you have 149 00:07:35,760 --> 00:07:37,840 Speaker 1: to pay tax on the home because of the sale. 150 00:07:38,080 --> 00:07:40,400 Speaker 1: So I was thinking, like I thought that I had 151 00:07:40,400 --> 00:07:43,200 Speaker 1: to transfer. For example, like say I have like an 152 00:07:43,240 --> 00:07:45,600 Speaker 1: investment account. Let's just say there's a million dollars in 153 00:07:45,600 --> 00:07:47,560 Speaker 1: my investment account, and I'm like Okay, I want to 154 00:07:47,560 --> 00:07:49,200 Speaker 1: put it in my trust. She's like, if you do that, 155 00:07:49,560 --> 00:07:52,920 Speaker 1: you actually have to sell the investments and to put 156 00:07:52,960 --> 00:07:55,080 Speaker 1: them into a trust. And I'm like, well, I don't 157 00:07:55,080 --> 00:07:56,800 Speaker 1: want to do that, and she's like, what you're thinking 158 00:07:56,840 --> 00:07:58,600 Speaker 1: about is siphany is that you really want to make 159 00:07:59,200 --> 00:08:02,520 Speaker 1: instead of your assist there's the beneficiaries of that investment account. 160 00:08:02,600 --> 00:08:06,360 Speaker 1: You make the trust the beneficiary, and so if something 161 00:08:06,400 --> 00:08:09,440 Speaker 1: happens to you, then it gets switched over DC And 162 00:08:09,480 --> 00:08:12,120 Speaker 1: I was like, oh, so one of the benefits of 163 00:08:12,160 --> 00:08:14,000 Speaker 1: a trust is one being able to tell what you 164 00:08:14,040 --> 00:08:15,760 Speaker 1: want your money to do years and years and years 165 00:08:15,760 --> 00:08:19,040 Speaker 1: from now. But also a trust is going to allow 166 00:08:19,080 --> 00:08:25,560 Speaker 1: you to sidesteps some taxes because, like say, for example, 167 00:08:25,560 --> 00:08:29,200 Speaker 1: in the state of California, a state inheritance tax is 168 00:08:29,200 --> 00:08:32,680 Speaker 1: pretty high. So something happens to me and my heirs 169 00:08:32,720 --> 00:08:36,040 Speaker 1: inherent the government is like, ooh, child, half that is mine, 170 00:08:36,720 --> 00:08:40,080 Speaker 1: give or take right. But with a trust that's not 171 00:08:40,240 --> 00:08:44,199 Speaker 1: so because no one is inheriting anything because it already 172 00:08:44,200 --> 00:08:47,360 Speaker 1: belonged to the trust. But if someone wanted to go 173 00:08:47,400 --> 00:08:49,800 Speaker 1: in and withdraw some of their money, then they'll pay 174 00:08:49,840 --> 00:08:52,559 Speaker 1: income tax. But that's normal. So you're not paying this 175 00:08:52,960 --> 00:08:55,560 Speaker 1: estate tax, but if you do withdraw money from the trust, 176 00:08:55,720 --> 00:08:57,640 Speaker 1: then you pay income tax. So it helps to one 177 00:08:57,880 --> 00:09:00,840 Speaker 1: avoid probate, which basically is like the ring side circus 178 00:09:00,840 --> 00:09:03,760 Speaker 1: to all your stuffing givvied out. And two it helps 179 00:09:03,760 --> 00:09:05,440 Speaker 1: you to that like I don't want to say a void, 180 00:09:05,480 --> 00:09:08,679 Speaker 1: but it helps you to sidestep inheritance text because they're 181 00:09:08,679 --> 00:09:11,360 Speaker 1: not really inheriting it. The trust is holding it. The 182 00:09:11,360 --> 00:09:14,360 Speaker 1: trust basically is like you continuing to live and divving 183 00:09:14,440 --> 00:09:17,679 Speaker 1: it out. So it's just really interesting. Because one of 184 00:09:17,720 --> 00:09:19,080 Speaker 1: the one last thing for those of you who are 185 00:09:19,080 --> 00:09:20,760 Speaker 1: business owners, because I know so many Brown and Vission 186 00:09:21,320 --> 00:09:23,880 Speaker 1: listeners are business owners. I said, so, Tony, how do 187 00:09:23,920 --> 00:09:27,120 Speaker 1: I protect my business interest with the trust? Same so 188 00:09:27,480 --> 00:09:30,440 Speaker 1: my mind, and we should do this too, honestly, many. 189 00:09:30,480 --> 00:09:32,360 Speaker 1: We need to get on our operating agreement from Brown 190 00:09:32,400 --> 00:09:37,040 Speaker 1: and Vission sidebar. My operating agreement for the Literature Academy says, 191 00:09:37,320 --> 00:09:39,880 Speaker 1: so my literature Academy, I have a business partner in 192 00:09:39,880 --> 00:09:42,640 Speaker 1: that business, and it says if something were to happen 193 00:09:42,720 --> 00:09:47,640 Speaker 1: to me, my my shares in the academy will go 194 00:09:47,760 --> 00:09:50,640 Speaker 1: to a trust. Not at first it said it was 195 00:09:50,679 --> 00:09:52,920 Speaker 1: going to go to my husband. But now I'm like, no, no, no, 196 00:09:52,960 --> 00:09:54,719 Speaker 1: She's like, this is why. So it goes to that 197 00:09:54,800 --> 00:09:58,559 Speaker 1: trust and then from that trust it you know, gets 198 00:09:58,679 --> 00:10:02,600 Speaker 1: divvied out to like my sister. However, and so I'm like, okay, 199 00:10:03,040 --> 00:10:05,080 Speaker 1: the rule of thumb with a trust is if you 200 00:10:05,080 --> 00:10:07,600 Speaker 1: don't have at least five hundred thousand dollars in assets, 201 00:10:07,640 --> 00:10:10,320 Speaker 1: this kind of doesn't make sense. If you have over 202 00:10:10,559 --> 00:10:12,400 Speaker 1: I think it was like a million or two, or 203 00:10:12,520 --> 00:10:14,440 Speaker 1: I think it's maybe five million in assets something to 204 00:10:14,480 --> 00:10:17,320 Speaker 1: that effect, you definitely ought to do it because the 205 00:10:17,880 --> 00:10:21,199 Speaker 1: state taxes would just be tremendous. So yeah, so I'm 206 00:10:21,200 --> 00:10:22,800 Speaker 1: hoping that's making Does that make sense that, like a 207 00:10:22,840 --> 00:10:24,400 Speaker 1: trust is like I want to tell you what to 208 00:10:24,400 --> 00:10:25,959 Speaker 1: do you're from now. A will is like I can 209 00:10:26,000 --> 00:10:27,440 Speaker 1: only tell you what to do at the moment that 210 00:10:27,480 --> 00:10:28,120 Speaker 1: I pass away. 211 00:10:29,080 --> 00:10:31,040 Speaker 2: Yeah, and it's not just about I mean, I guess 212 00:10:31,240 --> 00:10:33,240 Speaker 2: and to your point again, I'm trying to repeat it 213 00:10:33,280 --> 00:10:35,920 Speaker 2: so that it sticks to my brain. And a will, 214 00:10:36,040 --> 00:10:38,360 Speaker 2: you could say, you could plot it all out. I 215 00:10:38,400 --> 00:10:40,400 Speaker 2: want so and so to get this much at eighteen, 216 00:10:40,440 --> 00:10:42,520 Speaker 2: that much at twenty five. But the key here is 217 00:10:42,559 --> 00:10:47,760 Speaker 2: the tax the tax savings because when it's inherited by 218 00:10:47,880 --> 00:10:50,760 Speaker 2: an a state like you said, you don't have or sorry, 219 00:10:50,800 --> 00:10:52,360 Speaker 2: a trust like you said, you don't have to pay 220 00:10:52,440 --> 00:10:56,520 Speaker 2: that estate tax right, and they'll pay taxes on it 221 00:10:56,200 --> 00:10:57,520 Speaker 2: it withdrawal from it. 222 00:10:58,360 --> 00:11:00,960 Speaker 1: And a will, there's more leeway for people not to listen, 223 00:11:02,280 --> 00:11:05,120 Speaker 1: you know, like meaning like you can say like, oh, 224 00:11:05,400 --> 00:11:07,320 Speaker 1: you know, like I can say, like you know, Roman's 225 00:11:07,320 --> 00:11:09,960 Speaker 1: gonna inherit, you know, and I really wanted to be 226 00:11:10,360 --> 00:11:12,880 Speaker 1: parceled out, but it doesn't happen. It's typically not gonna 227 00:11:12,880 --> 00:11:16,080 Speaker 1: happen that way because if you leave money, you can 228 00:11:16,200 --> 00:11:19,480 Speaker 1: have some direction for it. But ultimately the state is like, 229 00:11:19,520 --> 00:11:22,600 Speaker 1: once this child turns eighteen, that's their business. But with 230 00:11:22,720 --> 00:11:25,800 Speaker 1: a trust, the trust is actually there's a trustee in 231 00:11:25,840 --> 00:11:29,000 Speaker 1: place that actually, by law must divvy it out per 232 00:11:29,120 --> 00:11:31,080 Speaker 1: your instruction. The state is not gonna The state is 233 00:11:31,120 --> 00:11:33,400 Speaker 1: like the state that you live in, like New Jersey 234 00:11:33,440 --> 00:11:36,120 Speaker 1: and New York. They don't work for you. They're like, sis, 235 00:11:36,160 --> 00:11:38,600 Speaker 1: all this when he turns eighteen thirteen, No no, no, no, no, 236 00:11:39,320 --> 00:11:42,760 Speaker 1: like you know, like when he turns eighteen, here's the 237 00:11:42,840 --> 00:11:45,640 Speaker 1: life insurance. So that's another thing too, that's in my trust. 238 00:11:45,679 --> 00:11:49,200 Speaker 1: That my life insurance, especially with life insurance, because that's 239 00:11:49,240 --> 00:11:52,439 Speaker 1: usually where you have the most. My life insurance, that 240 00:11:52,520 --> 00:11:55,160 Speaker 1: beneficiary is going to be the trust because especially with 241 00:11:55,160 --> 00:11:56,840 Speaker 1: the life insurance, they're like, girl, we don't care none 242 00:11:56,880 --> 00:11:59,080 Speaker 1: about your divvying. The person is going to get it 243 00:11:59,200 --> 00:12:01,520 Speaker 1: upon your death and less they're minor, and then we 244 00:12:01,520 --> 00:12:04,559 Speaker 1: will hold it until they're eighteen. That's on you how 245 00:12:04,559 --> 00:12:06,280 Speaker 1: you want to divvy it up. But with the trust, 246 00:12:06,520 --> 00:12:09,360 Speaker 1: the trust will divvy it up because they do work 247 00:12:09,360 --> 00:12:11,880 Speaker 1: for you. And so just considering that if you have, 248 00:12:12,000 --> 00:12:14,960 Speaker 1: if you have started to grow wealth beyond half a 249 00:12:14,960 --> 00:12:17,719 Speaker 1: million dollars or so, like, I'm not going to put 250 00:12:17,720 --> 00:12:20,240 Speaker 1: my home in a trust because the taxes I would 251 00:12:20,280 --> 00:12:22,200 Speaker 1: have to pay as a result would just be too much. 252 00:12:22,640 --> 00:12:25,680 Speaker 1: But making the trust the beneficiaries of parts of like 253 00:12:25,800 --> 00:12:29,600 Speaker 1: my financial life is really going to help me to 254 00:12:30,240 --> 00:12:35,320 Speaker 1: make sure that the wealth that I have grown, you know, 255 00:12:35,480 --> 00:12:38,920 Speaker 1: it sees more than one generation. That's really the key 256 00:12:39,440 --> 00:12:43,280 Speaker 1: because if my heirs inherent via a will, it could 257 00:12:43,320 --> 00:12:45,920 Speaker 1: be gone in one generation. But a trust allows me 258 00:12:45,960 --> 00:12:49,200 Speaker 1: to say, even if that generation messes it up, I 259 00:12:49,280 --> 00:12:51,120 Speaker 1: have set aside for the one after that and the 260 00:12:51,120 --> 00:12:51,600 Speaker 1: one after that. 261 00:12:51,720 --> 00:12:53,160 Speaker 2: I was going to ask you, so do you have 262 00:12:53,200 --> 00:12:59,760 Speaker 2: that in there, like romans years as well, even. 263 00:12:59,679 --> 00:13:01,880 Speaker 1: Children, and that I'm not even born yet. Like, for example, 264 00:13:01,880 --> 00:13:03,960 Speaker 1: my sister is really young. She's like, you know, she 265 00:13:04,000 --> 00:13:06,000 Speaker 1: hasn't had children yet. But if something happens to me, 266 00:13:06,080 --> 00:13:07,960 Speaker 1: I want to put that in there, if another child 267 00:13:08,120 --> 00:13:10,360 Speaker 1: is you know, sired, this is what's going to happen. 268 00:13:10,640 --> 00:13:12,760 Speaker 1: And so it's like it's just like. 269 00:13:12,880 --> 00:13:17,720 Speaker 3: Oh, I get it now, Yeah, this is the real. 270 00:13:17,559 --> 00:13:23,200 Speaker 1: St yes, like the grown like financial stuff. And I'm like, wow, 271 00:13:24,000 --> 00:13:24,840 Speaker 1: it's so good. 272 00:13:24,880 --> 00:13:27,080 Speaker 2: It's such good timing too, not just because someone had 273 00:13:27,120 --> 00:13:29,160 Speaker 2: advised me to do it, but I was on a 274 00:13:29,200 --> 00:13:32,160 Speaker 2: panel on Friday, like a juneteenth early June teenth panel, 275 00:13:33,000 --> 00:13:35,120 Speaker 2: and there was this incredible woman who I would love 276 00:13:35,120 --> 00:13:37,200 Speaker 2: to have on the show. Consider this your formal invitation, 277 00:13:37,360 --> 00:13:40,079 Speaker 2: doctor Jolly. First of all, she has the most incredible name, 278 00:13:40,400 --> 00:13:44,920 Speaker 2: Doctor Pamela Jolly. She is a generational wealth building expert 279 00:13:44,920 --> 00:13:48,480 Speaker 2: in Black communities, and she has dedicated her career to 280 00:13:48,679 --> 00:13:51,320 Speaker 2: working in the black community and educating them on exactly 281 00:13:51,360 --> 00:13:54,480 Speaker 2: what you're talking about. But her obsession, her her passion, 282 00:13:54,640 --> 00:13:58,079 Speaker 2: is how to pass on generational wealth. And she literally 283 00:13:58,160 --> 00:14:00,720 Speaker 2: was just making this point about how in our community 284 00:14:00,800 --> 00:14:03,720 Speaker 2: is so much is focused on accruing the wealth and 285 00:14:03,800 --> 00:14:05,760 Speaker 2: it's in the passing on of it. Is that even 286 00:14:05,800 --> 00:14:09,480 Speaker 2: the right grammar anyway, that we are sorely under educated. 287 00:14:09,600 --> 00:14:13,320 Speaker 2: So I'm just it's all synergy and all magic to 288 00:14:13,360 --> 00:14:17,400 Speaker 2: have her on someday. But yeah, absolutely, And you know, 289 00:14:17,640 --> 00:14:21,120 Speaker 2: I think like the overall message is like the work 290 00:14:21,160 --> 00:14:24,440 Speaker 2: is not done when you just earn the money. It's 291 00:14:24,480 --> 00:14:28,280 Speaker 2: like the responsible thing to do, truly for future generations 292 00:14:28,440 --> 00:14:32,080 Speaker 2: is to take that money on a journey, and like 293 00:14:32,120 --> 00:14:33,960 Speaker 2: where is that journey going to take? How far is 294 00:14:33,960 --> 00:14:36,400 Speaker 2: it going to go? And it's like you're ensuring that 295 00:14:36,440 --> 00:14:37,080 Speaker 2: it's going to have. 296 00:14:37,040 --> 00:14:41,960 Speaker 1: A long, long, long, long, long life, because it's not 297 00:14:42,280 --> 00:14:44,760 Speaker 1: just because I've seen people, you know, like there's this 298 00:14:44,760 --> 00:14:49,120 Speaker 1: beautiful house here in Newark and there's a woman here 299 00:14:49,160 --> 00:14:50,680 Speaker 1: who used to live in that house, and she was like, 300 00:14:50,680 --> 00:14:53,880 Speaker 1: her grandmother was a one of the first black women millionaires. 301 00:14:53,880 --> 00:14:56,520 Speaker 1: I forget what she did, and she built this beautiful 302 00:14:56,640 --> 00:14:59,880 Speaker 1: historic home. Well now it's historic, and now that his 303 00:15:00,200 --> 00:15:02,800 Speaker 1: that home isn't disrepair. So I'm like, so your grandmother 304 00:15:02,920 --> 00:15:06,880 Speaker 1: built millions. It was passed on to your mom or dad, 305 00:15:07,520 --> 00:15:10,240 Speaker 1: and now there's nothing for you. What a short lived 306 00:15:10,280 --> 00:15:13,800 Speaker 1: life of that wealth. And it's like why and so 307 00:15:13,920 --> 00:15:16,760 Speaker 1: one we have to pass on knowledge, not just the wealth. 308 00:15:16,920 --> 00:15:19,640 Speaker 1: So I'm always in Alyssa's behind, Like like the other 309 00:15:19,720 --> 00:15:21,080 Speaker 1: day she asked me, She's like, can you buy me 310 00:15:21,120 --> 00:15:23,720 Speaker 1: own some summer clothes? I said, of course this. We 311 00:15:23,760 --> 00:15:26,200 Speaker 1: can go right on to the outlet store and hit 312 00:15:26,280 --> 00:15:27,840 Speaker 1: up Old Navy in the gap because I know, like 313 00:15:27,840 --> 00:15:29,800 Speaker 1: they're gonna have a solid clothes. She was thinking. I 314 00:15:29,840 --> 00:15:33,440 Speaker 1: was thinking more like Sheen. I was like, no, what 315 00:15:33,840 --> 00:15:34,360 Speaker 1: is Sheen? 316 00:15:34,720 --> 00:15:37,240 Speaker 2: I'm not convinced that it's we I could go on. 317 00:15:37,880 --> 00:15:39,360 Speaker 2: I'm convinced it's like a scam. 318 00:15:39,480 --> 00:15:40,200 Speaker 1: How is it her thing? 319 00:15:40,320 --> 00:15:41,200 Speaker 2: For ninety nine? 320 00:15:41,520 --> 00:15:43,400 Speaker 1: I mean, and it was like six, First of all, 321 00:15:43,960 --> 00:15:46,320 Speaker 1: you don't you don't hang up clothes. You're gonna drive 322 00:15:46,320 --> 00:15:50,120 Speaker 1: these clothes and they're gonna be plastics, like all, it's 323 00:15:50,120 --> 00:15:53,080 Speaker 1: not happening, right. But I'm always talking to Lissa about 324 00:15:53,080 --> 00:15:55,080 Speaker 1: finances because I know I won't be here forever and 325 00:15:55,120 --> 00:15:57,520 Speaker 1: I want to pass on the knowledge. That's one. But 326 00:15:57,800 --> 00:16:00,800 Speaker 1: just in case the knowledge don't stick, I am also 327 00:16:00,920 --> 00:16:05,320 Speaker 1: passing along like you kids kids. Yes, And so that 328 00:16:05,520 --> 00:16:07,760 Speaker 1: I think is what's missing that it's not to say 329 00:16:07,760 --> 00:16:11,080 Speaker 1: because people make mistakes. There was this there's this really 330 00:16:11,080 --> 00:16:14,520 Speaker 1: interesting YouTube documentary I was watching about the people of 331 00:16:14,560 --> 00:16:17,120 Speaker 1: Appalachia and there was a woman there. She had to 332 00:16:17,120 --> 00:16:18,760 Speaker 1: be like in her seventies or eighties, and she did 333 00:16:18,880 --> 00:16:22,360 Speaker 1: not have a college education or high school education. But 334 00:16:22,440 --> 00:16:25,080 Speaker 1: she was just sharing how like, generation after generation after 335 00:16:25,240 --> 00:16:28,080 Speaker 1: generation of her family had lived in the Appalachia Mountains 336 00:16:28,080 --> 00:16:31,320 Speaker 1: and they had like two hundred acres something. It was 337 00:16:31,320 --> 00:16:35,440 Speaker 1: just beautiful property. Here. This old woman is who was like, 338 00:16:35,520 --> 00:16:39,080 Speaker 1: I don't have much learnings, and I've set my kids 339 00:16:39,080 --> 00:16:42,440 Speaker 1: to school, and my grand babies are all college educated, 340 00:16:42,440 --> 00:16:44,040 Speaker 1: and this son is an attorney, and da da da 341 00:16:44,080 --> 00:16:47,400 Speaker 1: all this stuff. But guess what all this probets that 342 00:16:47,440 --> 00:16:49,160 Speaker 1: I have. One thing I did know was I put 343 00:16:49,200 --> 00:16:51,960 Speaker 1: it in the trust, she said. And when she said 344 00:16:51,960 --> 00:16:53,640 Speaker 1: at the time, I didn't get it, and I get 345 00:16:53,680 --> 00:16:55,840 Speaker 1: it now, she said, because there won't be any weak 346 00:16:55,960 --> 00:17:00,320 Speaker 1: links in this family destroying our legacy. And what she 347 00:17:00,440 --> 00:17:04,200 Speaker 1: meant was with a will, my with a will, you say, 348 00:17:04,280 --> 00:17:07,439 Speaker 1: my son inherits this property. Great, but your son can 349 00:17:07,480 --> 00:17:10,280 Speaker 1: then sell it to Walmart. Then what because you could 350 00:17:10,320 --> 00:17:12,320 Speaker 1: only tell him what to do at the moment of 351 00:17:12,359 --> 00:17:16,359 Speaker 1: your passing, you inherited it. With a trust, is my 352 00:17:16,720 --> 00:17:20,320 Speaker 1: son inherits his property and can never sell it. That's 353 00:17:20,320 --> 00:17:23,000 Speaker 1: what the trust say is and has to pass it 354 00:17:23,040 --> 00:17:25,800 Speaker 1: on to his son and his son and his son. 355 00:17:26,000 --> 00:17:28,040 Speaker 1: So with a trust you can say years from now 356 00:17:28,080 --> 00:17:29,960 Speaker 1: what to do. And she basically was like, I don't 357 00:17:29,960 --> 00:17:34,760 Speaker 1: want any weak links selling off this generational ancestral land, 358 00:17:34,840 --> 00:17:36,639 Speaker 1: you know, to make a quick buck, because she said, 359 00:17:37,000 --> 00:17:41,000 Speaker 1: this land doesn't just belong to my son and you know, 360 00:17:41,080 --> 00:17:43,560 Speaker 1: my daughter whatever, it belongs to all those that come 361 00:17:43,600 --> 00:17:46,639 Speaker 1: after him. And I was like, wow, you know, and 362 00:17:46,680 --> 00:17:49,800 Speaker 1: so that's what's like. So you know, it's just critically 363 00:17:49,840 --> 00:17:52,679 Speaker 1: important estate planning. It's so important. And you might think 364 00:17:52,680 --> 00:17:53,920 Speaker 1: to your something that let me just give you a little 365 00:17:53,960 --> 00:17:55,239 Speaker 1: encouragement if you're like, well, I don't have a ton 366 00:17:55,240 --> 00:17:58,080 Speaker 1: of money, and YadA, YadA, YadA. My husband, candily So 367 00:17:58,920 --> 00:18:01,960 Speaker 1: never made over sixty one thousand dollars a year, and 368 00:18:02,480 --> 00:18:05,680 Speaker 1: before I got to him, this man had a personal 369 00:18:05,720 --> 00:18:08,440 Speaker 1: policy of two hundred and fifty thousand dollars that he 370 00:18:08,480 --> 00:18:12,800 Speaker 1: set aside for his daughter. He had policies at work. 371 00:18:13,119 --> 00:18:17,399 Speaker 1: I think the job policies almost total about four hundred thousand, 372 00:18:17,560 --> 00:18:20,480 Speaker 1: because he had life insurance at the job for about 373 00:18:20,520 --> 00:18:24,120 Speaker 1: two hundred thousand. And then he also had a pension 374 00:18:24,640 --> 00:18:26,960 Speaker 1: which was like another one to fifty two hundred thousand 375 00:18:27,000 --> 00:18:29,399 Speaker 1: something to that effect. And so this is all before 376 00:18:29,440 --> 00:18:32,360 Speaker 1: I got to him, Like he got additional life insurance 377 00:18:32,359 --> 00:18:34,920 Speaker 1: at work. I just found out additional life insurance at work. 378 00:18:35,040 --> 00:18:38,160 Speaker 1: So this is someone who my husband, who had never 379 00:18:38,200 --> 00:18:43,320 Speaker 1: made over sixty thousand, he prepared for his in Meanwhile, 380 00:18:43,320 --> 00:18:45,719 Speaker 1: he got the the two hundred fifty thousand dollar policy 381 00:18:45,720 --> 00:18:50,800 Speaker 1: when my stepdaughter Alyssa was five, So he prepared in advance. 382 00:18:51,359 --> 00:18:54,760 Speaker 1: For God forbid, something happened. Now it's not enough that 383 00:18:54,800 --> 00:18:57,119 Speaker 1: Alyssa will never have to work, but it's enough that 384 00:18:57,119 --> 00:18:59,240 Speaker 1: she doesn't have to worry about school. She shouldn't have 385 00:18:59,240 --> 00:19:01,280 Speaker 1: to worry about her first she doesn't have to worry 386 00:19:01,280 --> 00:19:03,440 Speaker 1: about prom, she doesn't have to worry about her sweet 387 00:19:03,480 --> 00:19:06,040 Speaker 1: sixteen that's coming up. She doesn't have to worry about 388 00:19:06,200 --> 00:19:08,600 Speaker 1: even like the down payment in her first house, all 389 00:19:08,640 --> 00:19:12,200 Speaker 1: those kind of like Dad ask financial things. This man 390 00:19:12,280 --> 00:19:14,840 Speaker 1: who did not go to college, who did not make 391 00:19:14,880 --> 00:19:18,800 Speaker 1: more than sixty provided for his family in this way, 392 00:19:19,600 --> 00:19:21,639 Speaker 1: and so I just I'm encouraging you. Man. You know 393 00:19:21,720 --> 00:19:23,440 Speaker 1: that you can. You don't have to make I'm saying 394 00:19:23,480 --> 00:19:25,399 Speaker 1: that because you don't have to make a ton. I 395 00:19:25,400 --> 00:19:26,760 Speaker 1: know it's like, oh, it tiding. That's easy for you 396 00:19:26,840 --> 00:19:28,840 Speaker 1: to say, girl, with your budget, he said, no, take 397 00:19:28,920 --> 00:19:31,600 Speaker 1: me out of it. This is what he did, and 398 00:19:31,640 --> 00:19:33,320 Speaker 1: so I just I just want you to know that 399 00:19:33,359 --> 00:19:37,280 Speaker 1: it is possible for you to do the same. It 400 00:19:37,400 --> 00:19:39,399 Speaker 1: just means that you have to look at your paperwork 401 00:19:39,680 --> 00:19:43,000 Speaker 1: and make a conscious choice. And that trust thing is 402 00:19:43,040 --> 00:19:47,840 Speaker 1: so critically important because there are parts of his estate 403 00:19:47,880 --> 00:19:51,520 Speaker 1: plan that he entrusted to folks who have now decided 404 00:19:51,800 --> 00:19:54,800 Speaker 1: to not do what he initially intended. And so with 405 00:19:54,880 --> 00:19:57,920 Speaker 1: the trust there is no option to behave like that. 406 00:19:58,280 --> 00:19:59,840 Speaker 1: And so that's why, like I've really been on a 407 00:19:59,840 --> 00:20:02,480 Speaker 1: cre saved myself to be like mm hmmm. Put it 408 00:20:02,520 --> 00:20:05,000 Speaker 1: in trust you if it makes sense for you. Make 409 00:20:05,040 --> 00:20:07,520 Speaker 1: sure you have a very clear will about what you 410 00:20:07,560 --> 00:20:10,160 Speaker 1: want to happen with your funds, and do not trust 411 00:20:10,440 --> 00:20:12,400 Speaker 1: that someone else will take care of it. You can 412 00:20:12,520 --> 00:20:15,160 Speaker 1: literally have the directions written in trust and in will 413 00:20:15,320 --> 00:20:17,679 Speaker 1: and not have to worry about like someone else, you know, 414 00:20:17,720 --> 00:20:20,080 Speaker 1: looking after the funds on your behalf or behalf of 415 00:20:20,119 --> 00:20:22,880 Speaker 1: your child because when money comes, people act funny when 416 00:20:23,080 --> 00:20:24,200 Speaker 1: you know when the money hits. 417 00:20:25,040 --> 00:20:28,240 Speaker 2: Can we talk about this magical mystical trustee because in 418 00:20:28,280 --> 00:20:31,959 Speaker 2: my brain I'm picturing like Duane the Rock Johnson, like 419 00:20:32,040 --> 00:20:34,680 Speaker 2: that's in like a real fire business suit, like maybe 420 00:20:34,720 --> 00:20:36,919 Speaker 2: something that he wore in ballers, not that I have 421 00:20:37,440 --> 00:20:41,200 Speaker 2: you know, solidified those to memory because he's going. But anyway, 422 00:20:41,520 --> 00:20:44,960 Speaker 2: I picture him like protecting the vault. 423 00:20:44,760 --> 00:20:45,400 Speaker 1: You know what I mean. 424 00:20:45,680 --> 00:20:47,840 Speaker 2: But where does one get the trustee? And is it 425 00:20:47,880 --> 00:20:51,200 Speaker 2: through your financial is a financial firm? Is it your attorney? 426 00:20:51,600 --> 00:20:53,840 Speaker 2: What if she does? Like, how does that all work? 427 00:20:54,480 --> 00:20:57,959 Speaker 1: So? I mean, I'm not attorney, so but so I 428 00:20:58,040 --> 00:21:00,879 Speaker 1: know that I'm a revocable trust. You can be the 429 00:21:00,920 --> 00:21:03,880 Speaker 1: trustee on a revocable trust, which is what they suggest 430 00:21:03,920 --> 00:21:07,560 Speaker 1: that you be a trustee, and then you have backup trustees. Right, 431 00:21:07,600 --> 00:21:10,080 Speaker 1: so you're gonna want for your backup trustee. To your point, 432 00:21:10,320 --> 00:21:13,199 Speaker 1: you're gonna want someone who you know, like has some 433 00:21:13,240 --> 00:21:16,879 Speaker 1: basic education. It's not that you know that a backup 434 00:21:16,880 --> 00:21:18,640 Speaker 1: trustee is not gonna be allowed to just run rampant 435 00:21:18,680 --> 00:21:21,120 Speaker 1: because they can easily be sued for not doing what 436 00:21:21,160 --> 00:21:24,480 Speaker 1: the trust says. And so you're gonna want someone who 437 00:21:25,000 --> 00:21:27,080 Speaker 1: you know at least can kind of understand the process, 438 00:21:27,119 --> 00:21:29,159 Speaker 1: is not gonna be overwhelmed by it. I don't know 439 00:21:29,160 --> 00:21:31,280 Speaker 1: if you can ask your financial advisor. If I'm being honest, 440 00:21:31,480 --> 00:21:33,200 Speaker 1: I just know what the revocable trust. 441 00:21:32,880 --> 00:21:33,360 Speaker 3: Like you too. 442 00:21:33,400 --> 00:21:36,560 Speaker 2: It would be like an estate planning attorney, like someone 443 00:21:36,560 --> 00:21:40,200 Speaker 2: who's objective ish and isn't a family member. 444 00:21:40,720 --> 00:21:43,480 Speaker 1: Mm hmmm, yeah, I mean, I guess I'm not gonna 445 00:21:43,520 --> 00:21:45,080 Speaker 1: lie that. I'm in the part now where I just 446 00:21:45,080 --> 00:21:46,720 Speaker 1: spoke with Tony today and she was like, oh, for 447 00:21:46,920 --> 00:21:49,119 Speaker 1: for every Just so you know, a revocable trust is 448 00:21:49,119 --> 00:21:51,320 Speaker 1: a trust that you can make changes on. You know, 449 00:21:51,680 --> 00:21:53,520 Speaker 1: you know, you can make whatever decisions you want. Like 450 00:21:53,560 --> 00:21:55,800 Speaker 1: that's when you hear people say I'm take you out 451 00:21:55,800 --> 00:21:58,840 Speaker 1: the the trust, you can do that. Revocable trust and 452 00:21:59,080 --> 00:22:02,760 Speaker 1: irrevocable true us is lotsis. That means you can't change 453 00:22:02,760 --> 00:22:08,760 Speaker 1: beneficiaries or people without everyone in the who are beneficiaries agreeing. 454 00:22:09,400 --> 00:22:12,800 Speaker 1: So I'll give you an example. Kobe Bryant listened to 455 00:22:12,800 --> 00:22:14,439 Speaker 1: his mama and was like, I don't know if I 456 00:22:14,440 --> 00:22:20,000 Speaker 1: trust Vanessa and them, and like, you know, because I 457 00:22:20,080 --> 00:22:21,920 Speaker 1: have children and I want to make sure God forbid 458 00:22:22,000 --> 00:22:24,240 Speaker 1: something happens to me that my kids are looked after. 459 00:22:24,560 --> 00:22:28,280 Speaker 1: So he had an irrevocable trust created for his children 460 00:22:28,600 --> 00:22:31,320 Speaker 1: where the vast majority like he left her something obviously 461 00:22:31,400 --> 00:22:34,520 Speaker 1: like generously, but the vast majority of his wealth went 462 00:22:34,560 --> 00:22:38,000 Speaker 1: to his girls. Now here's the thing. The way his 463 00:22:38,040 --> 00:22:40,600 Speaker 1: trust was set up, he did not add a child 464 00:22:40,680 --> 00:22:44,080 Speaker 1: until they turned one, so when he passed away, the 465 00:22:44,160 --> 00:22:47,600 Speaker 1: baby was not one yet. And an irrevocable trust is 466 00:22:47,600 --> 00:22:51,439 Speaker 1: basically locked unless everyone's in agreeance, we can make a change. 467 00:22:51,480 --> 00:22:54,680 Speaker 1: So she had to petition the courts to say, reasonably, 468 00:22:54,760 --> 00:22:58,560 Speaker 1: so my husband would want his daughter in this kid's trust, 469 00:22:58,760 --> 00:23:01,200 Speaker 1: because that's what we did. She just was not one yet, 470 00:23:01,400 --> 00:23:03,480 Speaker 1: so you know, the judge have to be like, okay, okay, 471 00:23:03,480 --> 00:23:07,359 Speaker 1: everybody's okay and so, but he made it irrevocable because 472 00:23:07,400 --> 00:23:09,639 Speaker 1: he didn't want like God forbid, Vanessa's I think she's 473 00:23:09,680 --> 00:23:11,959 Speaker 1: dating someone. Now let's just say she marries this new guy, 474 00:23:12,000 --> 00:23:13,639 Speaker 1: and this new guy has four children of his own. 475 00:23:13,720 --> 00:23:15,919 Speaker 1: And she's like well, and he was like, well, I 476 00:23:16,000 --> 00:23:17,560 Speaker 1: want my kids to have some of that money too. 477 00:23:17,960 --> 00:23:21,719 Speaker 1: Kobe's from the grave is like, not my money. That 478 00:23:21,920 --> 00:23:26,040 Speaker 1: irrevocable trust cannot be broken open to add some new folks. 479 00:23:26,119 --> 00:23:28,320 Speaker 1: And so you have to be careful with irrevocable trust 480 00:23:28,359 --> 00:23:30,399 Speaker 1: because it really is irrevocable. You can't just be like 481 00:23:30,520 --> 00:23:32,640 Speaker 1: I'm mad at my sister. She can't be in it anymore. 482 00:23:32,680 --> 00:23:35,280 Speaker 1: It's irrevocable, sis, unless you call your sister and say, 483 00:23:35,440 --> 00:23:37,639 Speaker 1: can you agree for me to remove you from that trust? 484 00:23:37,920 --> 00:23:40,520 Speaker 1: So for now, I'm starting with a revocable trust. And 485 00:23:40,560 --> 00:23:42,159 Speaker 1: maybe he's I get a little older, like let's just 486 00:23:42,160 --> 00:23:43,639 Speaker 1: say I'm eighty. I'm like, well, let me go ahead 487 00:23:43,640 --> 00:23:45,720 Speaker 1: and lock this in, so can't nobody come in here 488 00:23:46,119 --> 00:23:49,360 Speaker 1: make some changes. But yeah, that's the difference. And then 489 00:23:49,400 --> 00:23:52,760 Speaker 1: with an irrevocable I believe if I vaguely remember that, 490 00:23:52,840 --> 00:23:54,280 Speaker 1: I don't know if you are allowed to be your 491 00:23:54,320 --> 00:23:56,440 Speaker 1: own trustee. I think you do have to get a 492 00:23:56,480 --> 00:23:58,720 Speaker 1: trustee for an irrevocable I don't quote me on that, 493 00:23:58,920 --> 00:24:01,560 Speaker 1: but I know for a fact, for revocable that you 494 00:24:01,600 --> 00:24:03,280 Speaker 1: could be a trustee. And you should also have like 495 00:24:03,320 --> 00:24:05,000 Speaker 1: some sort of like backup trustee. 496 00:24:05,600 --> 00:24:08,240 Speaker 2: Yeah, I want I want backups, backups on back Yes, 497 00:24:08,280 --> 00:24:11,000 Speaker 2: that's the whole point, right, What if something happens to you. 498 00:24:11,160 --> 00:24:12,920 Speaker 1: I'll just give you some quick little homework that Tony 499 00:24:12,920 --> 00:24:14,720 Speaker 1: had given me before we had our call, a trust call. 500 00:24:15,000 --> 00:24:16,879 Speaker 1: She said, name your trust. I mean, you can call 501 00:24:16,920 --> 00:24:19,080 Speaker 1: it balloons. They don't care, you know. But one thing 502 00:24:19,119 --> 00:24:21,760 Speaker 1: she did say is be careful about naming your trust 503 00:24:21,920 --> 00:24:25,480 Speaker 1: your name, like Tiffany Lechay trust because trust can't be sued. 504 00:24:25,760 --> 00:24:27,760 Speaker 1: So someone might be googling, like I'm so a tiphany 505 00:24:27,800 --> 00:24:32,280 Speaker 1: and they're like, ooh girl, she got money trust, not 506 00:24:32,440 --> 00:24:35,720 Speaker 1: my bubbles, trust bubbles and them good luck finding that, 507 00:24:35,840 --> 00:24:39,119 Speaker 1: you know, Like, that's not obviously the name of my trust, 508 00:24:39,400 --> 00:24:41,760 Speaker 1: just so you know, name it, but be mindful about 509 00:24:41,840 --> 00:24:44,600 Speaker 1: using your name out of you know, just because two 510 00:24:45,200 --> 00:24:48,360 Speaker 1: figure out the beneficiaries of your trust, you know, so 511 00:24:48,800 --> 00:24:50,320 Speaker 1: like I said, for me, it's the kids and my 512 00:24:50,359 --> 00:24:53,439 Speaker 1: sister's YadA YadA. Three, you have to figure out what 513 00:24:53,480 --> 00:24:55,760 Speaker 1: bank you're gonna want your trust because you have to 514 00:24:55,760 --> 00:25:01,480 Speaker 1: fund it, and then uh four alternative trustees. So certainly 515 00:25:02,000 --> 00:25:04,320 Speaker 1: you can be a trustee. But she like you know, 516 00:25:04,400 --> 00:25:06,320 Speaker 1: you have to figure out like you know what, there's 517 00:25:06,359 --> 00:25:11,359 Speaker 1: some alternative trustees. So yeah, so I just think like honestly, 518 00:25:11,400 --> 00:25:13,440 Speaker 1: and as I moved through the process, I will come 519 00:25:13,520 --> 00:25:16,480 Speaker 1: up like, oh today and trust we did this because 520 00:25:16,520 --> 00:25:19,200 Speaker 1: I think it's important for us to all learn because honestly, 521 00:25:19,359 --> 00:25:22,360 Speaker 1: as much as Mandy and I have all this financial education, 522 00:25:23,480 --> 00:25:26,639 Speaker 1: trust our yes it's financial education, but it's also just 523 00:25:26,680 --> 00:25:29,080 Speaker 1: a lot of law. And so I'm am an attorney 524 00:25:29,280 --> 00:25:32,879 Speaker 1: and neither's Mandy, and so we get to learn like firsthand, like, 525 00:25:33,359 --> 00:25:36,600 Speaker 1: oh that's how you do it. So as I learn more, 526 00:25:36,640 --> 00:25:38,440 Speaker 1: I definitely will share more. 527 00:25:38,920 --> 00:25:41,360 Speaker 2: Isn't that the magic of the show. You come along 528 00:25:41,520 --> 00:25:43,480 Speaker 2: for the journey. In a couple of years now, it 529 00:25:43,520 --> 00:25:45,639 Speaker 2: will be like, yeah, remember that trust Oh yeah, we 530 00:25:45,640 --> 00:25:48,680 Speaker 2: were babies then we're talking. I don't know what will 531 00:25:48,720 --> 00:25:50,760 Speaker 2: be doing a couple of years from now, who knows, 532 00:25:50,800 --> 00:25:54,200 Speaker 2: but yeah, that's awesome, And I think so I've definitely 533 00:25:54,200 --> 00:25:55,680 Speaker 2: want to have doctor Jolly, and I got to remember 534 00:25:55,680 --> 00:25:58,400 Speaker 2: to invite her on because I think about my great grandpa, 535 00:25:58,520 --> 00:26:02,199 Speaker 2: great granddaddy Woodruff, my dad. I had no idea. He 536 00:26:02,359 --> 00:26:06,040 Speaker 2: was a successful farmer and he had a profitable farm 537 00:26:06,080 --> 00:26:13,080 Speaker 2: in Carrollton, Georgia, land and cattle and farmland and was 538 00:26:13,160 --> 00:26:18,200 Speaker 2: a businessman and my like a couple of generations from him. 539 00:26:18,800 --> 00:26:21,360 Speaker 2: Lots of my dad's family are are have not ever 540 00:26:21,400 --> 00:26:23,239 Speaker 2: seen a piece of that. And and it was very 541 00:26:23,320 --> 00:26:25,480 Speaker 2: much because of that lack of the passing on of 542 00:26:25,520 --> 00:26:28,520 Speaker 2: generational wealth and the you mentioned the probates and the 543 00:26:28,920 --> 00:26:32,639 Speaker 2: so and so sold the land to a developer, just 544 00:26:32,680 --> 00:26:35,199 Speaker 2: like you said. And I'm just beginning. I'm having like 545 00:26:35,240 --> 00:26:38,439 Speaker 2: these conversations that are blowing my mind. I'm had to 546 00:26:38,440 --> 00:26:40,040 Speaker 2: get down to Carlton, Georgia, and I want to learn 547 00:26:40,080 --> 00:26:46,560 Speaker 2: all about this. But yeah, such a relevant conversation. It's 548 00:26:46,600 --> 00:26:50,159 Speaker 2: a shame too. You know, my my living uncles, my 549 00:26:50,200 --> 00:26:54,600 Speaker 2: great uncles, they were sharecroppers, like you know, I'm not, 550 00:26:54,720 --> 00:26:56,480 Speaker 2: it's not And that's what doctor Jolly talks about is 551 00:26:56,520 --> 00:27:00,280 Speaker 2: how you know how close we are to ancestors were 552 00:27:00,280 --> 00:27:03,040 Speaker 2: working in fields as slaves and then sharecropping and all 553 00:27:03,040 --> 00:27:06,720 Speaker 2: of that, and you know, and being four generations from that, 554 00:27:07,000 --> 00:27:09,680 Speaker 2: and the lack of education, like you're saying, as shite 555 00:27:09,760 --> 00:27:16,479 Speaker 2: so crucial has created this like fractured, this fractured like 556 00:27:16,800 --> 00:27:20,720 Speaker 2: timing this fractured growth where we're not actually benefiting and 557 00:27:20,760 --> 00:27:22,720 Speaker 2: building upon that foundation. It's like we got to like 558 00:27:22,760 --> 00:27:25,080 Speaker 2: tear the house down each generation and start from scratch, 559 00:27:25,480 --> 00:27:29,200 Speaker 2: and we got to like break that cycle. Yes, absolutely, 560 00:27:29,280 --> 00:27:30,680 Speaker 2: so I look forward. 561 00:27:30,400 --> 00:27:33,679 Speaker 1: To I love that tear the house down with each 562 00:27:33,720 --> 00:27:37,160 Speaker 1: general literally rebuilding every single generation. That's such a good analogy. 563 00:27:37,920 --> 00:27:40,200 Speaker 2: Yeah, because my granddaddy, my great granddaddy would rof have 564 00:27:40,240 --> 00:27:42,000 Speaker 2: had to learn the same stuff i'm learning, you know, 565 00:27:42,280 --> 00:27:46,320 Speaker 2: different different industry. Obviously I'm not Ira pigs, but all 566 00:27:46,359 --> 00:27:51,080 Speaker 2: those lessons you know, who knew I didn't know that 567 00:27:51,119 --> 00:27:54,920 Speaker 2: I was. That was in my history. So yeah, powerful, powerful, 568 00:27:54,920 --> 00:27:57,720 Speaker 2: powerful stuff. And thank you as always for sharing and 569 00:27:57,800 --> 00:28:02,240 Speaker 2: letting us peek into your get some some free secondhand advice. 570 00:28:02,359 --> 00:28:07,080 Speaker 1: We love it, my messy life. Yes, so we should 571 00:28:07,119 --> 00:28:09,159 Speaker 1: cut to a quick break. I know hopefully you've been 572 00:28:09,160 --> 00:28:12,520 Speaker 1: furiously taking notes. Will be right back with some brown 573 00:28:12,560 --> 00:28:20,520 Speaker 1: boost or brown break, and now it's time to boost up, 574 00:28:20,560 --> 00:28:26,359 Speaker 1: break up, boost up, break up, boost up break bo break. 575 00:28:26,520 --> 00:28:31,600 Speaker 2: Hurry, my lymphnoes are swelling. 576 00:28:32,280 --> 00:28:34,919 Speaker 1: Okay, how we gotta boost that you gotta break. I 577 00:28:34,920 --> 00:28:37,000 Speaker 1: think we decided we gotta do like a joint Boosty breaky. 578 00:28:37,119 --> 00:28:40,440 Speaker 2: Right, we have to do a collective boosty breaking theme 579 00:28:40,720 --> 00:28:44,520 Speaker 2: booster breaking themed boosty breaking. Yes, we are just six 580 00:28:44,600 --> 00:28:46,480 Speaker 2: days well when you guys hear this, just a few 581 00:28:46,560 --> 00:28:50,960 Speaker 2: days away from Juneteenth, which of course celebrates the emancipation 582 00:28:51,200 --> 00:28:55,800 Speaker 2: of slaves and moving on to a new a new future. 583 00:28:56,200 --> 00:28:59,400 Speaker 2: And finally, June teeth is getting some shine. We have 584 00:28:59,560 --> 00:29:03,320 Speaker 2: company holidays. It's a federal holiday now, right. Yeah, I 585 00:29:03,400 --> 00:29:07,080 Speaker 2: was to Biden. Yeah, but shout out to producer and 586 00:29:07,160 --> 00:29:11,160 Speaker 2: Moni who sent us this article from Newsweek about how 587 00:29:11,720 --> 00:29:14,520 Speaker 2: some y'all are just is cracking me up. But also 588 00:29:14,640 --> 00:29:17,320 Speaker 2: why not you know, there's this whole debate about preparations. 589 00:29:17,920 --> 00:29:21,040 Speaker 2: Black folks of the internet said, why wait, why wait 590 00:29:21,080 --> 00:29:23,640 Speaker 2: for legislation, Let's start giving people our cash apps and 591 00:29:23,720 --> 00:29:28,440 Speaker 2: letting them go ahead and donate reparations to us. So 592 00:29:28,520 --> 00:29:31,640 Speaker 2: this has apparently been happening on Twitter. So Twitter versus 593 00:29:31,640 --> 00:29:33,600 Speaker 2: been talking about all the different ways to send money 594 00:29:33,640 --> 00:29:37,040 Speaker 2: to Black Americans directly via cash app, Venmo, Apple, pay, Anzel. 595 00:29:37,560 --> 00:29:39,760 Speaker 2: People have been telling their followers to comment with their 596 00:29:39,840 --> 00:29:43,920 Speaker 2: user names and they maybe sent money to celebrate the holiday. 597 00:29:44,120 --> 00:29:45,520 Speaker 2: Y'all want to make some quick cash. 598 00:29:45,720 --> 00:29:47,280 Speaker 1: Have you ever seen people like you know, have you 599 00:29:47,320 --> 00:29:49,440 Speaker 1: ever given to anybody like not just for Juneteenth but 600 00:29:49,520 --> 00:29:51,000 Speaker 1: in general like cash. 601 00:29:51,320 --> 00:29:54,280 Speaker 2: Yeah, I do love my TikTok and I feel like 602 00:29:54,320 --> 00:29:56,440 Speaker 2: part of your TikTok bio these days is like a 603 00:29:56,440 --> 00:30:00,280 Speaker 2: cash app name, especially for the beauty of TikTok. Because 604 00:30:00,360 --> 00:30:04,120 Speaker 2: I sometimes will get on my four you page homeless 605 00:30:04,120 --> 00:30:06,920 Speaker 2: people who are living in shelters and are sharing their experience, 606 00:30:06,920 --> 00:30:08,720 Speaker 2: and there is this mom and it really struck a 607 00:30:08,760 --> 00:30:11,560 Speaker 2: chord to me because she had recorded herself doing her 608 00:30:11,640 --> 00:30:14,080 Speaker 2: daughter's hair and her she had a toddler and a 609 00:30:14,080 --> 00:30:18,239 Speaker 2: baby and are in a homeless shell. This was like 610 00:30:18,600 --> 00:30:20,720 Speaker 2: live a couple of days ago in a homeless shelter 611 00:30:20,800 --> 00:30:23,240 Speaker 2: in the Bronx. And I can't remember her name, but yeah, 612 00:30:23,280 --> 00:30:26,600 Speaker 2: she had. She wasn't even asking for me necessarily, but 613 00:30:26,640 --> 00:30:28,640 Speaker 2: TikTokers will tend to ask you, you know, if you're 614 00:30:28,720 --> 00:30:32,400 Speaker 2: if you're posting, like what's your cash app? And so yeah, 615 00:30:32,440 --> 00:30:34,600 Speaker 2: I did donate. I did donate to her, and that 616 00:30:34,600 --> 00:30:36,600 Speaker 2: felt it felt good. It felt good to be able 617 00:30:36,640 --> 00:30:39,840 Speaker 2: to see something and then do something. Yes, you know, 618 00:30:40,040 --> 00:30:42,040 Speaker 2: feel like I made it a tiny bit better. 619 00:30:42,760 --> 00:30:45,360 Speaker 1: M HM. And I mean, that's always nice. I did 620 00:30:45,400 --> 00:30:49,840 Speaker 1: that for there's a YouTuber not YouTuber instagrammer. I think 621 00:30:49,840 --> 00:30:53,040 Speaker 1: it's like mainly manny or something like that. But he's hilarious, 622 00:30:53,400 --> 00:30:55,400 Speaker 1: and he was like struggling with like I think he 623 00:30:55,400 --> 00:30:58,480 Speaker 1: couldn't afford rents or his grandmother had recently passed away 624 00:30:58,520 --> 00:31:00,400 Speaker 1: and he'd been staying with her, and it just he 625 00:31:00,480 --> 00:31:03,640 Speaker 1: was having a hard time. But I know that when 626 00:31:03,680 --> 00:31:05,280 Speaker 1: I was having my heartest of times, it's one of 627 00:31:05,280 --> 00:31:07,160 Speaker 1: the few places I knew I could laugh because he 628 00:31:07,200 --> 00:31:09,840 Speaker 1: does the skits and stuff. And so I said, you 629 00:31:09,880 --> 00:31:12,880 Speaker 1: know what, when I saw that, I gave him like 630 00:31:13,000 --> 00:31:14,800 Speaker 1: fifty two one hundred bucks. I can't remember, you know, 631 00:31:14,960 --> 00:31:18,000 Speaker 1: I just cash stapped him some money because I was 632 00:31:18,080 --> 00:31:19,880 Speaker 1: just like, you know, you've helped me get through a 633 00:31:19,880 --> 00:31:22,360 Speaker 1: hard time. Hopefully this is a little something to help you. Yeah, 634 00:31:22,400 --> 00:31:24,520 Speaker 1: it looks like it works, because later he said thank 635 00:31:24,560 --> 00:31:26,520 Speaker 1: you guys so much, and I was able to find 636 00:31:26,520 --> 00:31:29,200 Speaker 1: an apartment or whatever he was looking for. And so, 637 00:31:29,600 --> 00:31:32,440 Speaker 1: I mean, I know, it's odd. It feels like people 638 00:31:32,440 --> 00:31:34,280 Speaker 1: giving you money, because when I first saw people put 639 00:31:34,280 --> 00:31:36,680 Speaker 1: in their cash apps, I'm like, that seems weird. But 640 00:31:36,840 --> 00:31:39,680 Speaker 1: then someone gave me money. I did not ask for it. 641 00:31:39,720 --> 00:31:42,400 Speaker 1: I was doing an IG live maybe like a couple 642 00:31:42,440 --> 00:31:44,479 Speaker 1: of weeks ago, and when I got off, it said, Tiffany, 643 00:31:44,520 --> 00:31:47,520 Speaker 1: you earned ten dollars in badges. I'm like, what. So 644 00:31:47,720 --> 00:31:51,360 Speaker 1: apparently when you're live, people can like basically send you 645 00:31:51,440 --> 00:31:54,640 Speaker 1: money by purchasing of the badge. And I can't remember 646 00:31:54,680 --> 00:31:56,200 Speaker 1: how much you have to make in order to like 647 00:31:56,240 --> 00:31:58,600 Speaker 1: do a withdrawal, but I'm not there yet. I'm like, 648 00:31:58,640 --> 00:32:01,360 Speaker 1: you know, twenty bucks in asked for that, So I 649 00:32:01,360 --> 00:32:03,120 Speaker 1: thought that was interesting. 650 00:32:04,360 --> 00:32:07,680 Speaker 2: Yeah, it's definitely it's making it easier for creators to 651 00:32:07,720 --> 00:32:11,360 Speaker 2: see some financial gain. I mean, I still think it's 652 00:32:11,400 --> 00:32:15,120 Speaker 2: really hard to get to a place where you're making 653 00:32:15,280 --> 00:32:17,840 Speaker 2: money directly from the platform itself. Like, of course you 654 00:32:17,880 --> 00:32:19,720 Speaker 2: can sell your product and make money that way, but 655 00:32:20,280 --> 00:32:23,560 Speaker 2: you know, TikTok and IG are both hopefully working on 656 00:32:23,640 --> 00:32:26,800 Speaker 2: ways to help creators make more, but it's not it 657 00:32:27,040 --> 00:32:30,160 Speaker 2: has a long ass way to go. Wow, I was 658 00:32:30,200 --> 00:32:32,880 Speaker 2: thinking about this whole national holiday, you know, now it's 659 00:32:32,920 --> 00:32:36,600 Speaker 2: a national holiday. Even our podcast network, Cumulus, We're just 660 00:32:36,640 --> 00:32:38,040 Speaker 2: trying to figure out what we're going to do next 661 00:32:38,040 --> 00:32:41,320 Speaker 2: week because they are celebrating or they're observing Juneteenth on 662 00:32:41,360 --> 00:32:45,560 Speaker 2: that Monday, and I do I love that companies in 663 00:32:45,600 --> 00:32:48,080 Speaker 2: our country have finally recognized as a holiday. But I 664 00:32:48,600 --> 00:32:50,960 Speaker 2: like the idea of okay, so what are we gonna do? 665 00:32:51,200 --> 00:32:53,800 Speaker 2: You know, Mlkday became a day of service, and companies, 666 00:32:53,800 --> 00:32:57,160 Speaker 2: would you know, give back in that way. I if 667 00:32:57,200 --> 00:32:59,720 Speaker 2: you're at a company that has, you know it, lets 668 00:32:59,760 --> 00:33:03,200 Speaker 2: you guys observe Juneteenth, I would still not. 669 00:33:03,560 --> 00:33:04,000 Speaker 1: I wouldn't. 670 00:33:04,000 --> 00:33:07,480 Speaker 2: I would not stop asking for you know, what are 671 00:33:07,640 --> 00:33:10,880 Speaker 2: the retention rates for workers of color? How are black 672 00:33:10,880 --> 00:33:14,760 Speaker 2: people at this company succeeding? Especially if you're interviewing asking 673 00:33:14,800 --> 00:33:17,800 Speaker 2: those questions an interview. I really recommend people ask them, 674 00:33:17,960 --> 00:33:20,040 Speaker 2: and sometimes I get like, really, you're going to bring 675 00:33:20,160 --> 00:33:22,800 Speaker 2: up rais in an interview. I would much rather know, 676 00:33:23,440 --> 00:33:26,600 Speaker 2: you know, before I join a company, if there's anyone, 677 00:33:26,920 --> 00:33:28,920 Speaker 2: especially when I'm coming into a company, you know at 678 00:33:28,960 --> 00:33:31,440 Speaker 2: my level, maybe VP, SVP, I would want to know 679 00:33:31,640 --> 00:33:33,920 Speaker 2: up front, you know, what are my odds of success? 680 00:33:33,960 --> 00:33:35,960 Speaker 2: You're in an art does anyone look like me? And 681 00:33:36,000 --> 00:33:38,960 Speaker 2: do they have a proven track record of women of 682 00:33:39,000 --> 00:33:41,240 Speaker 2: color winning? And if the answer is no, then I 683 00:33:41,240 --> 00:33:44,880 Speaker 2: would definitely think twice about you know, joining that company. 684 00:33:45,320 --> 00:33:47,440 Speaker 2: So even though I just don't think it's an obviously 685 00:33:47,440 --> 00:33:52,400 Speaker 2: it's a nice gesture, but you have to continue holding 686 00:33:52,440 --> 00:33:55,000 Speaker 2: these companies responsible for doing a lot damn more. 687 00:33:55,640 --> 00:33:57,400 Speaker 1: Yes, it's like like when they slap on like you 688 00:33:57,400 --> 00:34:00,360 Speaker 1: know right now, it's pride, like we get it. Orio 689 00:34:00,520 --> 00:34:04,440 Speaker 1: has has a rainbow feeling, But Orio, what are you 690 00:34:04,480 --> 00:34:09,560 Speaker 1: doing behind the scenes to support that community financially? Okay, 691 00:34:10,120 --> 00:34:12,200 Speaker 1: So like that's the thing that you know, a lot 692 00:34:12,239 --> 00:34:14,279 Speaker 1: of these companies will slap on. You know, Oh, it's 693 00:34:14,520 --> 00:34:16,920 Speaker 1: it's history month. Everything is black, like black, black black. 694 00:34:16,960 --> 00:34:20,040 Speaker 1: And then you look at like, you know, the way, 695 00:34:20,440 --> 00:34:23,759 Speaker 1: like the way they're hiring practices, you look at you know, 696 00:34:23,840 --> 00:34:26,200 Speaker 1: how many people are promoted. I'm much rather that than 697 00:34:26,280 --> 00:34:28,920 Speaker 1: saying like I've got this T shirt that says black 698 00:34:28,960 --> 00:34:31,120 Speaker 1: on it. I remember there's a company that. 699 00:34:31,200 --> 00:34:34,240 Speaker 2: Was just black, dude, black. 700 00:34:35,200 --> 00:34:36,880 Speaker 1: There is this company I they wanted me to partner. 701 00:34:36,920 --> 00:34:38,600 Speaker 1: This is like during the height of like George Floyd 702 00:34:38,600 --> 00:34:41,080 Speaker 1: and that, you know, Black Lives Matter movement, and they 703 00:34:41,080 --> 00:34:43,840 Speaker 1: wanted me to do like a they want me to 704 00:34:43,880 --> 00:34:47,320 Speaker 1: do an ig takeover. And I was like real sassy. 705 00:34:47,360 --> 00:34:49,800 Speaker 1: Then I was like, okay, well, can you tell me 706 00:34:49,840 --> 00:34:54,640 Speaker 1: how many employees you have? Black employees you have? I 707 00:34:54,719 --> 00:35:00,200 Speaker 1: was like literally zero. I said, okay, what about contract 708 00:35:00,920 --> 00:35:03,959 Speaker 1: Well you would be oh I get to be the 709 00:35:04,000 --> 00:35:07,279 Speaker 1: first now. And I was like, well what about forget black? 710 00:35:07,320 --> 00:35:10,720 Speaker 1: What about just people of color? Mandy? I was like, damn. 711 00:35:10,800 --> 00:35:13,680 Speaker 1: The bar was in Helle. And then I was like 712 00:35:13,760 --> 00:35:15,719 Speaker 1: they're like, oh wait, wait wait. You know when we 713 00:35:15,800 --> 00:35:18,480 Speaker 1: run ads and stuff, we do hire some like you know, 714 00:35:19,000 --> 00:35:21,440 Speaker 1: you know, people to do our commercials. I'm like, oh, 715 00:35:21,880 --> 00:35:23,960 Speaker 1: so you take the black dollar, but you just don't 716 00:35:23,960 --> 00:35:27,120 Speaker 1: pay black people kow cute for you kick rocks, and 717 00:35:27,160 --> 00:35:29,000 Speaker 1: so for like every month after that, they would be 718 00:35:29,120 --> 00:35:33,640 Speaker 1: updating like hey, you know we're trying to hire blacks. 719 00:35:33,920 --> 00:35:36,880 Speaker 1: I honestly it was really terrible. It was it was 720 00:35:36,920 --> 00:35:40,040 Speaker 1: giving cringe and I'm like, honestly, I don't need your updates, 721 00:35:40,080 --> 00:35:42,239 Speaker 1: like you know, look in the mirror for that, Like, 722 00:35:42,280 --> 00:35:43,680 Speaker 1: you don't have to update me every month. I'm not 723 00:35:43,719 --> 00:35:47,200 Speaker 1: working with you like the answers and oh no, because 724 00:35:47,600 --> 00:35:49,759 Speaker 1: you know, if you want me to be more black 725 00:35:49,800 --> 00:35:50,520 Speaker 1: band aid. 726 00:35:50,719 --> 00:35:53,600 Speaker 2: Yes, so yeah, absolutely, you have to make them uncomfortable. 727 00:35:53,640 --> 00:35:55,919 Speaker 2: I remember having a conversation with our podcast network about 728 00:35:55,920 --> 00:35:59,799 Speaker 2: how we have no black producers hi Amani and one 729 00:35:59,840 --> 00:36:02,640 Speaker 2: of when a position opened up, you were on hiatus, 730 00:36:02,640 --> 00:36:05,319 Speaker 2: but I sure did email my buddy John like hot. 731 00:36:05,400 --> 00:36:06,799 Speaker 2: You can cut this out if you guys decide too, 732 00:36:06,840 --> 00:36:07,600 Speaker 2: It's fine, but. 733 00:36:07,560 --> 00:36:08,480 Speaker 1: I think people should know. 734 00:36:09,360 --> 00:36:10,920 Speaker 2: Keep it, damn it, keep it. 735 00:36:10,920 --> 00:36:13,200 Speaker 1: It's true. I think people should know. 736 00:36:13,680 --> 00:36:16,080 Speaker 2: They should know that you if you have a teeny 737 00:36:16,160 --> 00:36:19,319 Speaker 2: tiny bit of power and you feel so moved, why 738 00:36:19,360 --> 00:36:20,680 Speaker 2: not ask You ain't got to be black to do 739 00:36:20,719 --> 00:36:24,239 Speaker 2: it either, you really don't. You know one company that 740 00:36:24,239 --> 00:36:26,440 Speaker 2: I think is getting it right. Maybe I hope that 741 00:36:26,440 --> 00:36:28,440 Speaker 2: that I'm not wrong here, but Target seems to be 742 00:36:29,120 --> 00:36:33,120 Speaker 2: stacking their wins. Like Tabitha Brown just launched a beautiful collection. 743 00:36:33,280 --> 00:36:35,600 Speaker 2: I went and grabbed me a nice dress from her collection. 744 00:36:35,680 --> 00:36:37,560 Speaker 2: A lot of it is a bit is Tabitha Brown 745 00:36:37,760 --> 00:36:41,239 Speaker 2: right explosion. But they, you know, they have the They 746 00:36:41,280 --> 00:36:45,560 Speaker 2: focus on getting and spotlighting and amplifying black businesses you know, 747 00:36:45,719 --> 00:36:48,799 Speaker 2: in their stores and actually helping you identify so that 748 00:36:49,320 --> 00:36:51,480 Speaker 2: if how you want to celebrate Juneteenth is purchasing from 749 00:36:51,480 --> 00:36:53,759 Speaker 2: a black business that you can go to Target and 750 00:36:53,760 --> 00:36:55,960 Speaker 2: potentially do that, you can also do it you know, 751 00:36:56,120 --> 00:36:57,920 Speaker 2: we'll post a link in the in the show notes 752 00:36:57,960 --> 00:37:00,800 Speaker 2: for some roundups of black business. Is maybe you could 753 00:37:01,200 --> 00:37:03,280 Speaker 2: purchase from and just you know, vote with your dollars. 754 00:37:04,000 --> 00:37:06,600 Speaker 1: I'm not so although Target, I never see my book 755 00:37:06,600 --> 00:37:08,680 Speaker 1: anymore in Target. Is it sold out or you're just 756 00:37:08,680 --> 00:37:12,040 Speaker 1: not purchasing more? Every time I go to Target, I'm like, 757 00:37:12,160 --> 00:37:15,239 Speaker 1: don't esta me libro, look at my Spanish. That means, 758 00:37:15,280 --> 00:37:16,600 Speaker 1: where's my book? For those of you who are not 759 00:37:16,600 --> 00:37:21,440 Speaker 1: bilingual like me and Mandra, it's all like, for real, 760 00:37:21,520 --> 00:37:23,640 Speaker 1: always like where is it? Has it sold out? Or 761 00:37:23,960 --> 00:37:27,479 Speaker 1: it's sold out? Here? Target? Away? I thought we were friends. 762 00:37:27,520 --> 00:37:29,399 Speaker 2: People are wiping up in the mornings and they wait 763 00:37:29,680 --> 00:37:33,000 Speaker 2: and they say. 764 00:37:32,480 --> 00:37:34,799 Speaker 1: No, but no. But honestly, that's I mean. And to 765 00:37:34,840 --> 00:37:36,799 Speaker 1: your point, I don't know for sure, but it does 766 00:37:36,840 --> 00:37:38,879 Speaker 1: seem as if because there are a lot of people 767 00:37:38,880 --> 00:37:42,000 Speaker 1: who I know, Like, there's makeup line. What's her name. 768 00:37:42,760 --> 00:37:45,400 Speaker 1: She's out of Detroit. Her name is Melissa. She's got 769 00:37:45,480 --> 00:37:48,880 Speaker 1: her make up the lit bar, no I think it 770 00:37:48,960 --> 00:37:51,760 Speaker 1: is a lit bar. And she's got this new makeup 771 00:37:51,800 --> 00:37:55,319 Speaker 1: line called a thread. Also, uh, she's another woman who 772 00:37:55,360 --> 00:37:57,840 Speaker 1: makes the T shirt. Who's the woman that makes a 773 00:37:57,880 --> 00:38:02,480 Speaker 1: mess in a bottle, Khalila Wright, and so she had 774 00:38:02,480 --> 00:38:07,480 Speaker 1: this whole thing also unique, I remember you unique last name. 775 00:38:07,520 --> 00:38:10,000 Speaker 1: But she's got this company called Because of Them we Can. 776 00:38:10,280 --> 00:38:14,000 Speaker 1: But she created this really fun game called culture Tags, 777 00:38:14,480 --> 00:38:17,400 Speaker 1: and so like that's highlighted a target. So yeah, I 778 00:38:17,440 --> 00:38:20,000 Speaker 1: do like them. They seem to be going out of 779 00:38:20,000 --> 00:38:25,719 Speaker 1: their way to highlight and create space for these black businesses. 780 00:38:25,719 --> 00:38:27,279 Speaker 1: Honey Potter, which we have to talk about, you know, 781 00:38:27,280 --> 00:38:29,680 Speaker 1: we don't talk about this this week, but honey, I. 782 00:38:29,640 --> 00:38:32,160 Speaker 2: Know, and he wanted to talk about that, but yes, yeah, 783 00:38:32,719 --> 00:38:34,680 Speaker 2: like one yeah, so and what's the butter bar that 784 00:38:34,719 --> 00:38:35,560 Speaker 2: you always talk about? 785 00:38:36,040 --> 00:38:37,320 Speaker 1: Yeah, but I don't think the butter bar is in 786 00:38:38,320 --> 00:38:42,680 Speaker 1: it's in Target because they the thing about oh yeah 787 00:38:42,719 --> 00:38:46,719 Speaker 1: yeah they're great and so pooka butter bar, I know 788 00:38:46,800 --> 00:38:49,239 Speaker 1: to see. But yeah, so I just I like that, 789 00:38:49,320 --> 00:38:51,399 Speaker 1: you know, we Manny and I here try to create 790 00:38:51,440 --> 00:38:54,040 Speaker 1: space obviously for like black and brown women, you know, 791 00:38:54,080 --> 00:38:57,160 Speaker 1: whether it's in our own companies. I would say ninety 792 00:38:58,200 --> 00:39:01,759 Speaker 1: of my company are black and brown women. Have you 793 00:39:01,800 --> 00:39:03,919 Speaker 1: on the black but although we have other women as well, 794 00:39:05,120 --> 00:39:08,600 Speaker 1: and then that that's you know, I intentionally try to 795 00:39:08,640 --> 00:39:10,799 Speaker 1: create a space obviously, like I'm looking to hire the 796 00:39:10,800 --> 00:39:12,959 Speaker 1: best that's out there, but we really try to create 797 00:39:12,960 --> 00:39:16,040 Speaker 1: a space where it's like, sis, you could be the best, 798 00:39:16,040 --> 00:39:18,279 Speaker 1: come on in here. You know, let's interview, because I 799 00:39:18,320 --> 00:39:21,719 Speaker 1: certainly have interviewed a wide range of folks and you know, 800 00:39:21,760 --> 00:39:23,920 Speaker 1: but been very very conscious since that's the large ardent 801 00:39:24,000 --> 00:39:26,399 Speaker 1: that I speak to. I wanted that folks that really 802 00:39:26,480 --> 00:39:30,080 Speaker 1: understood who we're speaking to, how and why. So that's 803 00:39:30,120 --> 00:39:30,839 Speaker 1: what I look for too. 804 00:39:32,160 --> 00:39:34,480 Speaker 2: Plus that's I just don't change without intention. 805 00:39:34,719 --> 00:39:36,919 Speaker 1: Yes, exactly, you have to be intentional. So I guess 806 00:39:36,920 --> 00:39:41,120 Speaker 1: the boost here is lip service. We see you and 807 00:39:41,160 --> 00:39:43,920 Speaker 1: then the but that's the break, the break and break 808 00:39:44,080 --> 00:39:46,919 Speaker 1: is the lip service and the boost is for those 809 00:39:46,920 --> 00:39:51,719 Speaker 1: who are really doing it. So we you know, botoop 810 00:39:51,719 --> 00:39:52,279 Speaker 1: boop for you. 811 00:39:52,920 --> 00:39:55,080 Speaker 2: Shout out to my neighborhood for having a cookout. Is 812 00:39:55,080 --> 00:39:57,840 Speaker 2: everyone invited? I don't know. Actually I'm not invited. 813 00:39:58,280 --> 00:39:58,600 Speaker 1: I am. 814 00:39:58,640 --> 00:39:59,759 Speaker 2: I'm in the COVID house now. 815 00:40:00,400 --> 00:40:05,200 Speaker 1: Oh no, no, you know what I'm actually doing taking 816 00:40:05,239 --> 00:40:07,239 Speaker 1: part in a Juneteth event on Sunday. Let me let 817 00:40:07,280 --> 00:40:10,000 Speaker 1: me pull it up here, Wilin because it's like literally 818 00:40:10,040 --> 00:40:14,280 Speaker 1: everyone's gonna be there Tanya speaking Earn Your Leasure ash Cash. 819 00:40:14,360 --> 00:40:17,120 Speaker 1: It's like, honestly, of all the financial events I've ever done, 820 00:40:17,480 --> 00:40:20,759 Speaker 1: it's hands down, I've never seen more people. 821 00:40:21,239 --> 00:40:24,759 Speaker 2: Like incredible going down. I found it, Tiffany Elie Chase 822 00:40:24,760 --> 00:40:28,200 Speaker 2: tweet going down with Angela Lee Angela Yee. Biggest financial 823 00:40:28,280 --> 00:40:31,520 Speaker 2: education event in NYC and honor the Black Money Forum. 824 00:40:31,719 --> 00:40:34,759 Speaker 1: That's what it's called. You tweeted it. I found it. 825 00:40:34,800 --> 00:40:36,360 Speaker 3: I know, well I didn't eat it, but you know, 826 00:40:36,400 --> 00:40:43,359 Speaker 3: look at the melanin Yes, okay, yes, I see you 827 00:40:43,640 --> 00:40:49,560 Speaker 3: in the door an invest in stocks, real estate, credit, business, 828 00:40:49,600 --> 00:40:53,920 Speaker 3: personal finance, free community event. Black Moneyforum dot Com got it. 829 00:40:55,000 --> 00:40:56,719 Speaker 1: So it's gonna be it seems like it's really gonna 830 00:40:56,719 --> 00:40:58,600 Speaker 1: be super awesome and so yeah, but I love it 831 00:40:58,640 --> 00:41:02,840 Speaker 1: because it's it's on juneteen, it's full of black educators. 832 00:41:02,840 --> 00:41:05,520 Speaker 1: We're talking everything that you can think of about money, 833 00:41:05,640 --> 00:41:10,000 Speaker 1: and it's sponsored by b E and the T So 834 00:41:10,040 --> 00:41:14,400 Speaker 1: it's super black, so more and it's going to be 835 00:41:14,440 --> 00:41:18,240 Speaker 1: in person. Yes, and I'm almost positive that it's free. 836 00:41:19,040 --> 00:41:19,600 Speaker 3: And it is free. 837 00:41:19,640 --> 00:41:23,000 Speaker 2: It says so free community event. So if you're in NYC, 838 00:41:24,120 --> 00:41:27,680 Speaker 2: Black Moneyforum dot Com. 839 00:41:26,600 --> 00:41:29,560 Speaker 1: It's at the King's Theater, which is in Brooklyn off 840 00:41:29,600 --> 00:41:33,480 Speaker 1: flat Bush. Can it be any blacker than that? Flat Bush? 841 00:41:33,520 --> 00:41:36,359 Speaker 2: Every I get a shade darker with every sentence. 842 00:41:36,000 --> 00:41:40,480 Speaker 1: You utter, So join us on over there. 843 00:41:40,960 --> 00:41:43,759 Speaker 2: It's just saying a lot. I am getting pretty tan 844 00:41:43,960 --> 00:41:48,279 Speaker 2: from watching my caterpillars hatch. Okay, oh, I love it 845 00:41:48,320 --> 00:41:51,600 Speaker 2: all right, that's so exciting. Happy Juneteenth, y'all. I hope 846 00:41:51,640 --> 00:41:55,439 Speaker 2: you celebrate acknowledge it in some in some way. I'll 847 00:41:55,480 --> 00:41:59,440 Speaker 2: be celebrating it from my couch watching endless hours of 848 00:41:59,480 --> 00:42:04,520 Speaker 2: blippy so post pics and all live vicariously through y'all. 849 00:42:05,160 --> 00:42:06,879 Speaker 1: Oh, and thank you for doing your homework. Some of y'all. 850 00:42:06,880 --> 00:42:08,640 Speaker 1: Some of y'all did not do your homework. That's sending 851 00:42:08,719 --> 00:42:12,400 Speaker 1: us the like continue, I love that, Continue to screenshot 852 00:42:12,440 --> 00:42:15,040 Speaker 1: and tag us in how much the apple stock that's 853 00:42:15,080 --> 00:42:15,480 Speaker 1: an Apple? 854 00:42:15,520 --> 00:42:16,960 Speaker 2: No? Amazon? 855 00:42:17,280 --> 00:42:20,359 Speaker 1: Oh yeah Amazon child? Yeah yeah. So because I love 856 00:42:20,360 --> 00:42:21,880 Speaker 1: to see I want to see the progression, because it 857 00:42:21,880 --> 00:42:25,960 Speaker 1: was like one twenty four when we chatted like right, Mandy, 858 00:42:26,040 --> 00:42:28,560 Speaker 1: like and then someone sends me I was like, oh wow, 859 00:42:28,560 --> 00:42:29,759 Speaker 1: it's going all the way down. It was like one 860 00:42:29,800 --> 00:42:33,319 Speaker 1: o nine and so like as of right now, let 861 00:42:33,360 --> 00:42:34,800 Speaker 1: me pull it up right quick, because it's gonna be 862 00:42:34,800 --> 00:42:39,040 Speaker 1: your homework to screenshot and tag and we I promise 863 00:42:39,080 --> 00:42:41,840 Speaker 1: next time because run out fam but will actually shout 864 00:42:41,880 --> 00:42:45,120 Speaker 1: you out because I think that it's really good to 865 00:42:45,200 --> 00:42:47,879 Speaker 1: like you get to see like how Amazon be going 866 00:42:47,960 --> 00:42:50,560 Speaker 1: up and down. Now someone tagged me like yesterday, now 867 00:42:50,560 --> 00:42:53,200 Speaker 1: it's one o four, so it's it's dropped everything like 868 00:42:53,239 --> 00:42:57,560 Speaker 1: twenty dollars a share already, So yeah, yes, why I'm 869 00:42:57,600 --> 00:42:58,879 Speaker 1: asa stick to my index? Fun? 870 00:42:59,120 --> 00:43:00,920 Speaker 2: Is it going to keep going? Maybe I'll buy. 871 00:43:00,760 --> 00:43:02,120 Speaker 1: Something I don't know, so keep a eye on. So 872 00:43:02,200 --> 00:43:04,160 Speaker 1: let's talk about it like it's one o four twenty 873 00:43:04,200 --> 00:43:08,080 Speaker 1: eight right now, So screenshot what the stock prices of 874 00:43:08,120 --> 00:43:11,920 Speaker 1: Amazon when you're listening to this tag the BA podcast 875 00:43:11,960 --> 00:43:15,520 Speaker 1: on Twitter? And you know what, because I do want 876 00:43:15,520 --> 00:43:17,960 Speaker 1: to like honor it. Maybe do you have access I'm 877 00:43:17,960 --> 00:43:20,000 Speaker 1: reading it? Could you just read a shout a few 878 00:43:20,000 --> 00:43:21,799 Speaker 1: people out just so we could be like, yeah. 879 00:43:21,560 --> 00:43:24,680 Speaker 2: So shout out to Dee Brown twenty one fifteen. She 880 00:43:24,840 --> 00:43:30,640 Speaker 2: did her homework. Let's see who else? Meg, Oh, Megan, 881 00:43:30,800 --> 00:43:32,800 Speaker 2: Meghan or Meghan, I don't know. Wasn't that like a 882 00:43:32,880 --> 00:43:37,600 Speaker 2: kem pil skit anyway? Megan at lush zeb She she 883 00:43:37,680 --> 00:43:41,160 Speaker 2: tweeted us when it was one eighteen. A share bandemic 884 00:43:41,239 --> 00:43:44,040 Speaker 2: Baby said it was yet also tweeted us when it 885 00:43:44,040 --> 00:43:47,919 Speaker 2: was at one eighteen. First Gen Rise at first Gen 886 00:43:48,080 --> 00:43:50,960 Speaker 2: ri Rise tweeted us it was at one twenty. We're 887 00:43:50,960 --> 00:43:54,960 Speaker 2: just going backwards up the hill. And then I am 888 00:43:55,480 --> 00:43:59,239 Speaker 2: Malahikia Malakia. Sorry if I pronounce that wrong. I am 889 00:43:59,400 --> 00:44:02,960 Speaker 2: Malachiya said, just heard episode three one one. I also 890 00:44:03,040 --> 00:44:05,160 Speaker 2: enjoyed the podcast and welcome back Tiffany, and she took 891 00:44:05,200 --> 00:44:07,920 Speaker 2: a screenshot it was at one twenty two. All right, 892 00:44:07,960 --> 00:44:10,960 Speaker 2: are you still one more? Ava Lucian, Yeah, we're going back. 893 00:44:11,000 --> 00:44:15,600 Speaker 2: Maybe I'll start the beginning next time, but hopefully and 894 00:44:15,680 --> 00:44:17,440 Speaker 2: it shows you too. It's just how easy it is 895 00:44:17,480 --> 00:44:19,640 Speaker 2: to Google and see where the prices are at. And 896 00:44:19,719 --> 00:44:21,440 Speaker 2: even on Google they do a good job. You can 897 00:44:21,440 --> 00:44:24,200 Speaker 2: see the historic value of companies, where they've been in 898 00:44:24,200 --> 00:44:27,000 Speaker 2: the past, where they're going. It's the big if that's 899 00:44:27,000 --> 00:44:28,440 Speaker 2: the first thing for people to stock this. 900 00:44:29,080 --> 00:44:30,239 Speaker 1: I feel like we should do it. We should give 901 00:44:30,239 --> 00:44:32,200 Speaker 1: a little homework and be like this is where you 902 00:44:32,200 --> 00:44:34,239 Speaker 1: submit it, so we give you a little shout out right. 903 00:44:34,320 --> 00:44:37,759 Speaker 1: I like that so contindue your homework tag at the 904 00:44:37,800 --> 00:44:39,600 Speaker 1: BA podcast and we will shout you up at the 905 00:44:39,719 --> 00:44:42,640 Speaker 1: end of next episode. Let's see how the stock is doing. 906 00:44:42,880 --> 00:44:45,040 Speaker 1: Hopefully eventually we'll be able to say it's up, it's up, 907 00:44:45,200 --> 00:44:46,400 Speaker 1: because right now it's not. 908 00:44:47,560 --> 00:44:50,240 Speaker 2: Yeah. Well, even if you're just investing in general, tweet 909 00:44:50,280 --> 00:44:52,040 Speaker 2: us let us know how things are going. We want 910 00:44:52,040 --> 00:44:56,480 Speaker 2: to support yeah always. Well, thank y'all for another incredible 911 00:44:56,480 --> 00:44:59,680 Speaker 2: week of Brown Ambition. Stay tuned for b a Q 912 00:44:59,840 --> 00:45:02,239 Speaker 2: and on Friday, we will be here with a new 913 00:45:02,280 --> 00:45:06,799 Speaker 2: episode this coming Friday, so we'll talk to y' all then. Bye, Hey, 914 00:45:06,840 --> 00:45:09,040 Speaker 2: BA fan, We could not do this show without your 915 00:45:09,080 --> 00:45:11,960 Speaker 2: support or the support of our team behind the scenes. 916 00:45:12,239 --> 00:45:15,840 Speaker 2: The Brown Ambission Podcast is produced by Cumulus Podcast Network. 917 00:45:15,920 --> 00:45:17,040 Speaker 1: It's edited by the. 918 00:45:17,080 --> 00:45:21,719 Speaker 2: Wonderful Imani Crosby and produced by Tanya Bustos. Dennis Stimplinsky 919 00:45:21,840 --> 00:45:24,520 Speaker 2: is our in house tech guru, and I am Bandy 920 00:45:24,520 --> 00:45:27,640 Speaker 2: Woodard Santos, your co host, and I will see y'all 921 00:45:27,680 --> 00:45:28,240 Speaker 2: next week.