Speaker 1: Hey, hey, hey, we're back. We're black, especially with June
Speaker 1: teeth coming up, we're brown, Ambuson, he.
Speaker 2: Pardoned me just the Rona. No, I'm the last I'm
Speaker 2: the last woman standing in my household who has not
Speaker 2: succumbed to COVID. It came for us, Tiffany. It came
Speaker 2: like a dark cloud. Last week started with my cousin,
Speaker 2: and I'm torn between making her feel guilty or not.
Speaker 2: I know that there's no blame in it. Anyone can
Speaker 2: get it now. It's highly contagious, but it feels good
Speaker 2: to point a fingers sometimes. But yeah, So started with
Speaker 2: my cousin and then my baby Rio tested positive yesterday,
Speaker 2: so he's out of daycare.
Speaker 1: For ten days.
Speaker 2: And better believe they're not going to pro rate the fee. Nope,
Speaker 2: I'm still gonna pay all my two one and seventy
Speaker 2: five dollars.
Speaker 1: So he's out of daycare.
Speaker 2: And it was funny, is like when we were trying
Speaker 2: to figure out last night, I'm like, what'sapping, Tiffany, like
Speaker 2: telling you what's going on? And I'm thinking, you know,
Speaker 2: my husband's busier than ever at work, and I do
Speaker 2: understand that intellectually, but also I do not care. I'm like,
Speaker 2: you must stay home and help me, but he's like, no,
Speaker 2: I have to go in. But I never imagined I
Speaker 2: would root for him to get COVID, But I said,
Speaker 2: I might have whispered a tiny prayer because like, if
Speaker 2: he's positive, then he can't go. And sure enough, he
Speaker 2: woke up this morning. I'm such a jerk. Yeah, he
Speaker 2: woke up this morning positive and achy and waw. So
Speaker 2: both my boys are in bed with peanut butter and
Speaker 2: jelly sandwiches right now. I tuck them in with two
Speaker 2: iPads and they're sandwiches. I said, Mommy's going to work.
Speaker 1: Meanwhile, man's over here looking fabulous if he's just listening.
Speaker 1: I mean Mandy's hair. First of all, these curls are popping.
Speaker 1: I don't know what you've done new, if it's a
Speaker 1: new product or whatever.
Speaker 2: These girls keep the spray bottle. We rehydrate. I keep
Speaker 2: rehydrating like a pop.
Speaker 1: And then on top of that, tell me I was
Speaker 1: gonna say, Mandy got a red lip on and it
Speaker 1: is playing beautifully against her yellow shirt. I'm like, ron aware,
Speaker 1: Mandy's looking like looking like you can't look this good,
Speaker 1: and they your boys are.
Speaker 2: Like everything is better with a red lip, the same
Speaker 2: way I got Rio a brand new truck today and
Speaker 2: it just brought He was like, Rona, who you know
Speaker 2: what I mean, you gotta we have to fake it
Speaker 2: to make it at a certain point. Yeah. So hopefully
Speaker 2: by the time you guys hear this, we'll start they'll
Speaker 2: start start feeling better, and I will not feel any
Speaker 2: different than I do at this moment in time. Fingers
Speaker 2: fingers crossed.
Speaker 1: What's new? What you actually right before this? You know,
Speaker 1: I was telling you. I was like, oh, I gotta
Speaker 1: be with my attorney because my CFP on Jilly, which
Speaker 1: is a Certified Finance Planner, which is like the gold
Speaker 1: star standard for financial advisors. She was like, Tiffany, you
Speaker 1: need to get your trust in order. And I was like,
Speaker 1: for why Because I got a really good, thorough will.
Speaker 1: And I was going back and forth. So I met
Speaker 1: with Tony, who's my attorney, and I was like, oh,
Speaker 1: because even me with all my learnings, didn't fully get
Speaker 1: the difference between a will and a trust. I kind
Speaker 1: of got it, but not really. But now I feel
Speaker 1: like I'm like a good eighty percent, like okay, not
Speaker 1: like I can't be an attorney, but I'm like, oh,
Speaker 1: I got it. Would you like to know what I
Speaker 1: learned about that?
Speaker 2: I would love too, because I was told to create
Speaker 2: a trust too, and I forget why, but I.
Speaker 1: Was planning to do it so typically, so the main
Speaker 1: difference is a will is supposed to say this is
Speaker 1: what happens to my stuff immediately after I pass away,
Speaker 1: typically like up to a year. That's like how much
Speaker 1: control you have, Like I pass away, this is what
Speaker 1: I want to happen to my stuff up to a year. Right.
Speaker 1: A trust really is supposed to be like what happens
Speaker 1: in perpetuity, So if you have additional instructions, so let's
Speaker 1: just say for real, you're like, you know what something
Speaker 1: happens to you? God forbid? And you're like, but right now,
Speaker 1: I yes, when I pass away, if something happened to me,
Speaker 1: then RIO would get my assets along with husby. But
Speaker 1: I really kind of want because I don't want because
Speaker 1: with children, they typically don't get access to whatever funds
Speaker 1: until they turn eighteen. But let's be real, eighteen year
Speaker 1: olds ain't ready for no money.
Speaker 2: Right give him You might say, are fifteen, but don't
Speaker 2: give him money.
Speaker 1: Exactly, but you might say, because I don't want my
Speaker 1: money or my assets to be given to my child
Speaker 1: even when he's eighteen, at least not right away. I
Speaker 1: want to have more control beyond that. A trust is
Speaker 1: where you say he can get the like, you know,
Speaker 1: I'm just enough for college at eighteen, he can get
Speaker 1: maybe I'm half at twenty five and the other half
Speaker 1: at thirty. So a trust allows you to say, beyond
Speaker 1: the initial i'm not here in distantly what happens with
Speaker 1: my assets. A trust will allow you to make decisions
Speaker 1: years and years and years from now. So typically people
Speaker 1: get trust when they want to do that, especially with
Speaker 1: your children, or if they want to leave something for
Speaker 1: generations that are not even here yet.
Speaker 2: Yeah, so you can the passing of wealth, yes, because
Speaker 2: it's not just your bank accounts, right is it also
Speaker 2: your assets and your business? You know what happened that?
Speaker 1: So with my trust, I was like, okay, so I
Speaker 1: have a really clear cut will if something happens to me,
Speaker 1: my parents get some money, and then my sisters really
Speaker 1: just split my account for ways, because that's it, you know.
Speaker 1: So but I was like, but my two of my
Speaker 1: sisters have children, so I wanted to dictate how I
Speaker 1: wanted that to look just because of what all that
Speaker 1: I'm going through with my late husband's assets, I'm like, oh,
Speaker 1: if I would have known this, we would have done this.
Speaker 1: I'm like, we're not doing that. So just to be clear, like,
Speaker 1: if you leave money to a child, the state that
Speaker 1: you live and will typically hold those funds and till
Speaker 1: they turned eighteen and then they really can't do anything.
Speaker 1: You know, the eighteen year old can blow it, which
Speaker 1: they likely will, and I'm just like, knowing what I
Speaker 1: know now, I'm certain that my husband would probably be like, ugh,
Speaker 1: I probably would have want to divvy it out a
Speaker 1: little bit further. And so with my trust, that's what
Speaker 1: I'm doing. So I have accounts for all the children
Speaker 1: in my life currently. So I've got like custodia accounts
Speaker 1: for Alyssa, my stepdaughter, whereas most of her college fund is.
Speaker 1: I've got for my nephew Roman who is six, my
Speaker 1: niece Amelia who's five, and my niece Lily who is
Speaker 1: I believe three, three or four and so but instead
Speaker 1: of having them be the beneficiaries, I'm now going to
Speaker 1: make the trust the beneficiary. So if something happens to Auntie,
Speaker 1: your money goes to a trust, and the trust says,
Speaker 1: you thought you was getting this at eighteen, You're not
Speaker 1: the trust that because normally a will says something happens
Speaker 1: to Auntie, it goes to you, the court will hold
Speaker 1: it when you turn eighteen, it goes turns over. I'm like, no, no, no, no,
Speaker 1: I want to still be here guiding you. So it
Speaker 1: goes to a trust now, not to you and the trust.
Speaker 1: Then I could have a trust give it to you
Speaker 1: when you're eighty five if I wanted to. So you
Speaker 1: can put things like that, so it's not that First
Speaker 1: I was like, well, Tony, should I put, for example,
Speaker 1: of my home in a trust. And the problem with
Speaker 1: doing so is that when you put an asset like
Speaker 1: that and a trust, it is a taxable event, meaning
Speaker 1: that the trust has to purchase the home or if
Speaker 1: you transfer it to the trust, now the trust has
Speaker 1: to pay taxes on that home that or you have
Speaker 1: to pay tax on the home because of the sale.
Speaker 1: So I was thinking, like I thought that I had
Speaker 1: to transfer. For example, like say I have like an
Speaker 1: investment account. Let's just say there's a million dollars in
Speaker 1: my investment account, and I'm like Okay, I want to
Speaker 1: put it in my trust. She's like, if you do that,
Speaker 1: you actually have to sell the investments and to put
Speaker 1: them into a trust. And I'm like, well, I don't
Speaker 1: want to do that, and she's like, what you're thinking
Speaker 1: about is siphany is that you really want to make
Speaker 1: instead of your assist there's the beneficiaries of that investment account.
Speaker 1: You make the trust the beneficiary, and so if something
Speaker 1: happens to you, then it gets switched over DC And
Speaker 1: I was like, oh, so one of the benefits of
Speaker 1: a trust is one being able to tell what you
Speaker 1: want your money to do years and years and years
Speaker 1: from now. But also a trust is going to allow
Speaker 1: you to sidesteps some taxes because, like say, for example,
Speaker 1: in the state of California, a state inheritance tax is
Speaker 1: pretty high. So something happens to me and my heirs
Speaker 1: inherent the government is like, ooh, child, half that is mine,
Speaker 1: give or take right. But with a trust that's not
Speaker 1: so because no one is inheriting anything because it already
Speaker 1: belonged to the trust. But if someone wanted to go
Speaker 1: in and withdraw some of their money, then they'll pay
Speaker 1: income tax. But that's normal. So you're not paying this
Speaker 1: estate tax, but if you do withdraw money from the trust,
Speaker 1: then you pay income tax. So it helps to one
Speaker 1: avoid probate, which basically is like the ring side circus
Speaker 1: to all your stuffing givvied out. And two it helps
Speaker 1: you to that like I don't want to say a void,
Speaker 1: but it helps you to sidestep inheritance text because they're
Speaker 1: not really inheriting it. The trust is holding it. The
Speaker 1: trust basically is like you continuing to live and divving
Speaker 1: it out. So it's just really interesting. Because one of
Speaker 1: the one last thing for those of you who are
Speaker 1: business owners, because I know so many Brown and Vission
Speaker 1: listeners are business owners. I said, so, Tony, how do
Speaker 1: I protect my business interest with the trust? Same so
Speaker 1: my mind, and we should do this too, honestly, many.
Speaker 1: We need to get on our operating agreement from Brown
Speaker 1: and Vission sidebar. My operating agreement for the Literature Academy says,
Speaker 1: so my literature Academy, I have a business partner in
Speaker 1: that business, and it says if something were to happen
Speaker 1: to me, my my shares in the academy will go
Speaker 1: to a trust. Not at first it said it was
Speaker 1: going to go to my husband. But now I'm like, no, no, no,
Speaker 1: She's like, this is why. So it goes to that
Speaker 1: trust and then from that trust it you know, gets
Speaker 1: divvied out to like my sister. However, and so I'm like, okay,
Speaker 1: the rule of thumb with a trust is if you
Speaker 1: don't have at least five hundred thousand dollars in assets,
Speaker 1: this kind of doesn't make sense. If you have over
Speaker 1: I think it was like a million or two, or
Speaker 1: I think it's maybe five million in assets something to
Speaker 1: that effect, you definitely ought to do it because the
Speaker 1: state taxes would just be tremendous. So yeah, so I'm
Speaker 1: hoping that's making Does that make sense that, like a
Speaker 1: trust is like I want to tell you what to
Speaker 1: do you're from now. A will is like I can
Speaker 1: only tell you what to do at the moment that
Speaker 1: I pass away.
Speaker 2: Yeah, and it's not just about I mean, I guess
Speaker 2: and to your point again, I'm trying to repeat it
Speaker 2: so that it sticks to my brain. And a will,
Speaker 2: you could say, you could plot it all out. I
Speaker 2: want so and so to get this much at eighteen,
Speaker 2: that much at twenty five. But the key here is
Speaker 2: the tax the tax savings because when it's inherited by
Speaker 2: an a state like you said, you don't have or sorry,
Speaker 2: a trust like you said, you don't have to pay
Speaker 2: that estate tax right, and they'll pay taxes on it
Speaker 2: it withdrawal from it.
Speaker 1: And a will, there's more leeway for people not to listen,
Speaker 1: you know, like meaning like you can say like, oh,
Speaker 1: you know, like I can say, like you know, Roman's
Speaker 1: gonna inherit, you know, and I really wanted to be
Speaker 1: parceled out, but it doesn't happen. It's typically not gonna
Speaker 1: happen that way because if you leave money, you can
Speaker 1: have some direction for it. But ultimately the state is like,
Speaker 1: once this child turns eighteen, that's their business. But with
Speaker 1: a trust, the trust is actually there's a trustee in
Speaker 1: place that actually, by law must divvy it out per
Speaker 1: your instruction. The state is not gonna The state is
Speaker 1: like the state that you live in, like New Jersey
Speaker 1: and New York. They don't work for you. They're like, sis,
Speaker 1: all this when he turns eighteen thirteen, No no, no, no, no,
Speaker 1: like you know, like when he turns eighteen, here's the
Speaker 1: life insurance. So that's another thing too, that's in my trust.
Speaker 1: That my life insurance, especially with life insurance, because that's
Speaker 1: usually where you have the most. My life insurance, that
Speaker 1: beneficiary is going to be the trust because especially with
Speaker 1: the life insurance, they're like, girl, we don't care none
Speaker 1: about your divvying. The person is going to get it
Speaker 1: upon your death and less they're minor, and then we
Speaker 1: will hold it until they're eighteen. That's on you how
Speaker 1: you want to divvy it up. But with the trust,
Speaker 1: the trust will divvy it up because they do work
Speaker 1: for you. And so just considering that if you have,
Speaker 1: if you have started to grow wealth beyond half a
Speaker 1: million dollars or so, like, I'm not going to put
Speaker 1: my home in a trust because the taxes I would
Speaker 1: have to pay as a result would just be too much.
Speaker 1: But making the trust the beneficiaries of parts of like
Speaker 1: my financial life is really going to help me to
Speaker 1: make sure that the wealth that I have grown, you know,
Speaker 1: it sees more than one generation. That's really the key
Speaker 1: because if my heirs inherent via a will, it could
Speaker 1: be gone in one generation. But a trust allows me
Speaker 1: to say, even if that generation messes it up, I
Speaker 1: have set aside for the one after that and the
Speaker 1: one after that.
Speaker 2: I was going to ask you, so do you have
Speaker 2: that in there, like romans years as well, even.
Speaker 1: Children, and that I'm not even born yet. Like, for example,
Speaker 1: my sister is really young. She's like, you know, she
Speaker 1: hasn't had children yet. But if something happens to me,
Speaker 1: I want to put that in there, if another child
Speaker 1: is you know, sired, this is what's going to happen.
Speaker 1: And so it's like it's just like.
Speaker 3: Oh, I get it now, Yeah, this is the real.
Speaker 1: St yes, like the grown like financial stuff. And I'm like, wow,
Speaker 1: it's so good.
Speaker 2: It's such good timing too, not just because someone had
Speaker 2: advised me to do it, but I was on a
Speaker 2: panel on Friday, like a juneteenth early June teenth panel,
Speaker 2: and there was this incredible woman who I would love
Speaker 2: to have on the show. Consider this your formal invitation,
Speaker 2: doctor Jolly. First of all, she has the most incredible name,
Speaker 2: Doctor Pamela Jolly. She is a generational wealth building expert
Speaker 2: in Black communities, and she has dedicated her career to
Speaker 2: working in the black community and educating them on exactly
Speaker 2: what you're talking about. But her obsession, her her passion,
Speaker 2: is how to pass on generational wealth. And she literally
Speaker 2: was just making this point about how in our community
Speaker 2: is so much is focused on accruing the wealth and
Speaker 2: it's in the passing on of it. Is that even
Speaker 2: the right grammar anyway, that we are sorely under educated.
Speaker 2: So I'm just it's all synergy and all magic to
Speaker 2: have her on someday. But yeah, absolutely, And you know,
Speaker 2: I think like the overall message is like the work
Speaker 2: is not done when you just earn the money. It's
Speaker 2: like the responsible thing to do, truly for future generations
Speaker 2: is to take that money on a journey, and like
Speaker 2: where is that journey going to take? How far is
Speaker 2: it going to go? And it's like you're ensuring that
Speaker 2: it's going to have.
Speaker 1: A long, long, long, long, long life, because it's not
Speaker 1: just because I've seen people, you know, like there's this
Speaker 1: beautiful house here in Newark and there's a woman here
Speaker 1: who used to live in that house, and she was like,
Speaker 1: her grandmother was a one of the first black women millionaires.
Speaker 1: I forget what she did, and she built this beautiful
Speaker 1: historic home. Well now it's historic, and now that his
Speaker 1: that home isn't disrepair. So I'm like, so your grandmother
Speaker 1: built millions. It was passed on to your mom or dad,
Speaker 1: and now there's nothing for you. What a short lived
Speaker 1: life of that wealth. And it's like why and so
Speaker 1: one we have to pass on knowledge, not just the wealth.
Speaker 1: So I'm always in Alyssa's behind, Like like the other
Speaker 1: day she asked me, She's like, can you buy me
Speaker 1: own some summer clothes? I said, of course this. We
Speaker 1: can go right on to the outlet store and hit
Speaker 1: up Old Navy in the gap because I know, like
Speaker 1: they're gonna have a solid clothes. She was thinking. I
Speaker 1: was thinking more like Sheen. I was like, no, what
Speaker 1: is Sheen?
Speaker 2: I'm not convinced that it's we I could go on.
Speaker 2: I'm convinced it's like a scam.
Speaker 1: How is it her thing?
Speaker 2: For ninety nine?
Speaker 1: I mean, and it was like six, First of all,
Speaker 1: you don't you don't hang up clothes. You're gonna drive
Speaker 1: these clothes and they're gonna be plastics, like all, it's
Speaker 1: not happening, right. But I'm always talking to Lissa about
Speaker 1: finances because I know I won't be here forever and
Speaker 1: I want to pass on the knowledge. That's one. But
Speaker 1: just in case the knowledge don't stick, I am also
Speaker 1: passing along like you kids kids. Yes, And so that
Speaker 1: I think is what's missing that it's not to say
Speaker 1: because people make mistakes. There was this there's this really
Speaker 1: interesting YouTube documentary I was watching about the people of
Speaker 1: Appalachia and there was a woman there. She had to
Speaker 1: be like in her seventies or eighties, and she did
Speaker 1: not have a college education or high school education. But
Speaker 1: she was just sharing how like, generation after generation after
Speaker 1: generation of her family had lived in the Appalachia Mountains
Speaker 1: and they had like two hundred acres something. It was
Speaker 1: just beautiful property. Here. This old woman is who was like,
Speaker 1: I don't have much learnings, and I've set my kids
Speaker 1: to school, and my grand babies are all college educated,
Speaker 1: and this son is an attorney, and da da da
Speaker 1: all this stuff. But guess what all this probets that
Speaker 1: I have. One thing I did know was I put
Speaker 1: it in the trust, she said. And when she said
Speaker 1: at the time, I didn't get it, and I get
Speaker 1: it now, she said, because there won't be any weak
Speaker 1: links in this family destroying our legacy. And what she
Speaker 1: meant was with a will, my with a will, you say,
Speaker 1: my son inherits this property. Great, but your son can
Speaker 1: then sell it to Walmart. Then what because you could
Speaker 1: only tell him what to do at the moment of
Speaker 1: your passing, you inherited it. With a trust, is my
Speaker 1: son inherits his property and can never sell it. That's
Speaker 1: what the trust say is and has to pass it
Speaker 1: on to his son and his son and his son.
Speaker 1: So with a trust you can say years from now
Speaker 1: what to do. And she basically was like, I don't
Speaker 1: want any weak links selling off this generational ancestral land,
Speaker 1: you know, to make a quick buck, because she said,
Speaker 1: this land doesn't just belong to my son and you know,
Speaker 1: my daughter whatever, it belongs to all those that come
Speaker 1: after him. And I was like, wow, you know, and
Speaker 1: so that's what's like. So you know, it's just critically
Speaker 1: important estate planning. It's so important. And you might think
Speaker 1: to your something that let me just give you a little
Speaker 1: encouragement if you're like, well, I don't have a ton
Speaker 1: of money, and YadA, YadA, YadA. My husband, candily So
Speaker 1: never made over sixty one thousand dollars a year, and
Speaker 1: before I got to him, this man had a personal
Speaker 1: policy of two hundred and fifty thousand dollars that he
Speaker 1: set aside for his daughter. He had policies at work.
Speaker 1: I think the job policies almost total about four hundred thousand,
Speaker 1: because he had life insurance at the job for about
Speaker 1: two hundred thousand. And then he also had a pension
Speaker 1: which was like another one to fifty two hundred thousand
Speaker 1: something to that effect. And so this is all before
Speaker 1: I got to him, Like he got additional life insurance
Speaker 1: at work. I just found out additional life insurance at work.
Speaker 1: So this is someone who my husband, who had never
Speaker 1: made over sixty thousand, he prepared for his in Meanwhile,
Speaker 1: he got the the two hundred fifty thousand dollar policy
Speaker 1: when my stepdaughter Alyssa was five, So he prepared in advance.
Speaker 1: For God forbid, something happened. Now it's not enough that
Speaker 1: Alyssa will never have to work, but it's enough that
Speaker 1: she doesn't have to worry about school. She shouldn't have
Speaker 1: to worry about her first she doesn't have to worry
Speaker 1: about prom, she doesn't have to worry about her sweet
Speaker 1: sixteen that's coming up. She doesn't have to worry about
Speaker 1: even like the down payment in her first house, all
Speaker 1: those kind of like Dad ask financial things. This man
Speaker 1: who did not go to college, who did not make
Speaker 1: more than sixty provided for his family in this way,
Speaker 1: and so I just I'm encouraging you. Man. You know
Speaker 1: that you can. You don't have to make I'm saying
Speaker 1: that because you don't have to make a ton. I
Speaker 1: know it's like, oh, it tiding. That's easy for you
Speaker 1: to say, girl, with your budget, he said, no, take
Speaker 1: me out of it. This is what he did, and
Speaker 1: so I just I just want you to know that
Speaker 1: it is possible for you to do the same. It
Speaker 1: just means that you have to look at your paperwork
Speaker 1: and make a conscious choice. And that trust thing is
Speaker 1: so critically important because there are parts of his estate
Speaker 1: plan that he entrusted to folks who have now decided
Speaker 1: to not do what he initially intended. And so with
Speaker 1: the trust there is no option to behave like that.
Speaker 1: And so that's why, like I've really been on a
Speaker 1: cre saved myself to be like mm hmmm. Put it
Speaker 1: in trust you if it makes sense for you. Make
Speaker 1: sure you have a very clear will about what you
Speaker 1: want to happen with your funds, and do not trust
Speaker 1: that someone else will take care of it. You can
Speaker 1: literally have the directions written in trust and in will
Speaker 1: and not have to worry about like someone else, you know,
Speaker 1: looking after the funds on your behalf or behalf of
Speaker 1: your child because when money comes, people act funny when
Speaker 1: you know when the money hits.
Speaker 2: Can we talk about this magical mystical trustee because in
Speaker 2: my brain I'm picturing like Duane the Rock Johnson, like
Speaker 2: that's in like a real fire business suit, like maybe
Speaker 2: something that he wore in ballers, not that I have
Speaker 2: you know, solidified those to memory because he's going. But anyway,
Speaker 2: I picture him like protecting the vault.
Speaker 1: You know what I mean.
Speaker 2: But where does one get the trustee? And is it
Speaker 2: through your financial is a financial firm? Is it your attorney?
Speaker 2: What if she does? Like, how does that all work?
Speaker 1: So? I mean, I'm not attorney, so but so I
Speaker 1: know that I'm a revocable trust. You can be the
Speaker 1: trustee on a revocable trust, which is what they suggest
Speaker 1: that you be a trustee, and then you have backup trustees. Right,
Speaker 1: so you're gonna want for your backup trustee. To your point,
Speaker 1: you're gonna want someone who you know, like has some
Speaker 1: basic education. It's not that you know that a backup
Speaker 1: trustee is not gonna be allowed to just run rampant
Speaker 1: because they can easily be sued for not doing what
Speaker 1: the trust says. And so you're gonna want someone who
Speaker 1: you know at least can kind of understand the process,
Speaker 1: is not gonna be overwhelmed by it. I don't know
Speaker 1: if you can ask your financial advisor. If I'm being honest,
Speaker 1: I just know what the revocable trust.
Speaker 3: Like you too.
Speaker 2: It would be like an estate planning attorney, like someone
Speaker 2: who's objective ish and isn't a family member.
Speaker 1: Mm hmmm, yeah, I mean, I guess I'm not gonna
Speaker 1: lie that. I'm in the part now where I just
Speaker 1: spoke with Tony today and she was like, oh, for
Speaker 1: for every Just so you know, a revocable trust is
Speaker 1: a trust that you can make changes on. You know,
Speaker 1: you know, you can make whatever decisions you want. Like
Speaker 1: that's when you hear people say I'm take you out
Speaker 1: the the trust, you can do that. Revocable trust and
Speaker 1: irrevocable true us is lotsis. That means you can't change
Speaker 1: beneficiaries or people without everyone in the who are beneficiaries agreeing.
Speaker 1: So I'll give you an example. Kobe Bryant listened to
Speaker 1: his mama and was like, I don't know if I
Speaker 1: trust Vanessa and them, and like, you know, because I
Speaker 1: have children and I want to make sure God forbid
Speaker 1: something happens to me that my kids are looked after.
Speaker 1: So he had an irrevocable trust created for his children
Speaker 1: where the vast majority like he left her something obviously
Speaker 1: like generously, but the vast majority of his wealth went
Speaker 1: to his girls. Now here's the thing. The way his
Speaker 1: trust was set up, he did not add a child
Speaker 1: until they turned one, so when he passed away, the
Speaker 1: baby was not one yet. And an irrevocable trust is
Speaker 1: basically locked unless everyone's in agreeance, we can make a change.
Speaker 1: So she had to petition the courts to say, reasonably,
Speaker 1: so my husband would want his daughter in this kid's trust,
Speaker 1: because that's what we did. She just was not one yet,
Speaker 1: so you know, the judge have to be like, okay, okay,
Speaker 1: everybody's okay and so, but he made it irrevocable because
Speaker 1: he didn't want like God forbid, Vanessa's I think she's
Speaker 1: dating someone. Now let's just say she marries this new guy,
Speaker 1: and this new guy has four children of his own.
Speaker 1: And she's like well, and he was like, well, I
Speaker 1: want my kids to have some of that money too.
Speaker 1: Kobe's from the grave is like, not my money. That
Speaker 1: irrevocable trust cannot be broken open to add some new folks.
Speaker 1: And so you have to be careful with irrevocable trust
Speaker 1: because it really is irrevocable. You can't just be like
Speaker 1: I'm mad at my sister. She can't be in it anymore.
Speaker 1: It's irrevocable, sis, unless you call your sister and say,
Speaker 1: can you agree for me to remove you from that trust?
Speaker 1: So for now, I'm starting with a revocable trust. And
Speaker 1: maybe he's I get a little older, like let's just
Speaker 1: say I'm eighty. I'm like, well, let me go ahead
Speaker 1: and lock this in, so can't nobody come in here
Speaker 1: make some changes. But yeah, that's the difference. And then
Speaker 1: with an irrevocable I believe if I vaguely remember that,
Speaker 1: I don't know if you are allowed to be your
Speaker 1: own trustee. I think you do have to get a
Speaker 1: trustee for an irrevocable I don't quote me on that,
Speaker 1: but I know for a fact, for revocable that you
Speaker 1: could be a trustee. And you should also have like
Speaker 1: some sort of like backup trustee.
Speaker 2: Yeah, I want I want backups, backups on back Yes,
Speaker 2: that's the whole point, right, What if something happens to you.
Speaker 1: I'll just give you some quick little homework that Tony
Speaker 1: had given me before we had our call, a trust call.
Speaker 1: She said, name your trust. I mean, you can call
Speaker 1: it balloons. They don't care, you know. But one thing
Speaker 1: she did say is be careful about naming your trust
Speaker 1: your name, like Tiffany Lechay trust because trust can't be sued.
Speaker 1: So someone might be googling, like I'm so a tiphany
Speaker 1: and they're like, ooh girl, she got money trust, not
Speaker 1: my bubbles, trust bubbles and them good luck finding that,
Speaker 1: you know, Like, that's not obviously the name of my trust,
Speaker 1: just so you know, name it, but be mindful about
Speaker 1: using your name out of you know, just because two
Speaker 1: figure out the beneficiaries of your trust, you know, so
Speaker 1: like I said, for me, it's the kids and my
Speaker 1: sister's YadA YadA. Three, you have to figure out what
Speaker 1: bank you're gonna want your trust because you have to
Speaker 1: fund it, and then uh four alternative trustees. So certainly
Speaker 1: you can be a trustee. But she like you know,
Speaker 1: you have to figure out like you know what, there's
Speaker 1: some alternative trustees. So yeah, so I just think like honestly,
Speaker 1: and as I moved through the process, I will come
Speaker 1: up like, oh today and trust we did this because
Speaker 1: I think it's important for us to all learn because honestly,
Speaker 1: as much as Mandy and I have all this financial education,
Speaker 1: trust our yes it's financial education, but it's also just
Speaker 1: a lot of law. And so I'm am an attorney
Speaker 1: and neither's Mandy, and so we get to learn like firsthand, like,
Speaker 1: oh that's how you do it. So as I learn more,
Speaker 1: I definitely will share more.
Speaker 2: Isn't that the magic of the show. You come along
Speaker 2: for the journey. In a couple of years now, it
Speaker 2: will be like, yeah, remember that trust Oh yeah, we
Speaker 2: were babies then we're talking. I don't know what will
Speaker 2: be doing a couple of years from now, who knows,
Speaker 2: but yeah, that's awesome, And I think so I've definitely
Speaker 2: want to have doctor Jolly, and I got to remember
Speaker 2: to invite her on because I think about my great grandpa,
Speaker 2: great granddaddy Woodruff, my dad. I had no idea. He
Speaker 2: was a successful farmer and he had a profitable farm
Speaker 2: in Carrollton, Georgia, land and cattle and farmland and was
Speaker 2: a businessman and my like a couple of generations from him.
Speaker 2: Lots of my dad's family are are have not ever
Speaker 2: seen a piece of that. And and it was very
Speaker 2: much because of that lack of the passing on of
Speaker 2: generational wealth and the you mentioned the probates and the
Speaker 2: so and so sold the land to a developer, just
Speaker 2: like you said. And I'm just beginning. I'm having like
Speaker 2: these conversations that are blowing my mind. I'm had to
Speaker 2: get down to Carlton, Georgia, and I want to learn
Speaker 2: all about this. But yeah, such a relevant conversation. It's
Speaker 2: a shame too. You know, my my living uncles, my
Speaker 2: great uncles, they were sharecroppers, like you know, I'm not,
Speaker 2: it's not And that's what doctor Jolly talks about is
Speaker 2: how you know how close we are to ancestors were
Speaker 2: working in fields as slaves and then sharecropping and all
Speaker 2: of that, and you know, and being four generations from that,
Speaker 2: and the lack of education, like you're saying, as shite
Speaker 2: so crucial has created this like fractured, this fractured like
Speaker 2: timing this fractured growth where we're not actually benefiting and
Speaker 2: building upon that foundation. It's like we got to like
Speaker 2: tear the house down each generation and start from scratch,
Speaker 2: and we got to like break that cycle. Yes, absolutely,
Speaker 2: so I look forward.
Speaker 1: To I love that tear the house down with each
Speaker 1: general literally rebuilding every single generation. That's such a good analogy.
Speaker 2: Yeah, because my granddaddy, my great granddaddy would rof have
Speaker 2: had to learn the same stuff i'm learning, you know,
Speaker 2: different different industry. Obviously I'm not Ira pigs, but all
Speaker 2: those lessons you know, who knew I didn't know that
Speaker 2: I was. That was in my history. So yeah, powerful, powerful,
Speaker 2: powerful stuff. And thank you as always for sharing and
Speaker 2: letting us peek into your get some some free secondhand advice.
Speaker 1: We love it, my messy life. Yes, so we should
Speaker 1: cut to a quick break. I know hopefully you've been
Speaker 1: furiously taking notes. Will be right back with some brown
Speaker 1: boost or brown break, and now it's time to boost up,
Speaker 1: break up, boost up, break up, boost up break bo break.
Speaker 2: Hurry, my lymphnoes are swelling.
Speaker 1: Okay, how we gotta boost that you gotta break. I
Speaker 1: think we decided we gotta do like a joint Boosty breaky.
Speaker 2: Right, we have to do a collective boosty breaking theme
Speaker 2: booster breaking themed boosty breaking. Yes, we are just six
Speaker 2: days well when you guys hear this, just a few
Speaker 2: days away from Juneteenth, which of course celebrates the emancipation
Speaker 2: of slaves and moving on to a new a new future.
Speaker 2: And finally, June teeth is getting some shine. We have
Speaker 2: company holidays. It's a federal holiday now, right. Yeah, I
Speaker 2: was to Biden. Yeah, but shout out to producer and
Speaker 2: Moni who sent us this article from Newsweek about how
Speaker 2: some y'all are just is cracking me up. But also
Speaker 2: why not you know, there's this whole debate about preparations.
Speaker 2: Black folks of the internet said, why wait, why wait
Speaker 2: for legislation, Let's start giving people our cash apps and
Speaker 2: letting them go ahead and donate reparations to us. So
Speaker 2: this has apparently been happening on Twitter. So Twitter versus
Speaker 2: been talking about all the different ways to send money
Speaker 2: to Black Americans directly via cash app, Venmo, Apple, pay, Anzel.
Speaker 2: People have been telling their followers to comment with their
Speaker 2: user names and they maybe sent money to celebrate the holiday.
Speaker 2: Y'all want to make some quick cash.
Speaker 1: Have you ever seen people like you know, have you
Speaker 1: ever given to anybody like not just for Juneteenth but
Speaker 1: in general like cash.
Speaker 2: Yeah, I do love my TikTok and I feel like
Speaker 2: part of your TikTok bio these days is like a
Speaker 2: cash app name, especially for the beauty of TikTok. Because
Speaker 2: I sometimes will get on my four you page homeless
Speaker 2: people who are living in shelters and are sharing their experience,
Speaker 2: and there is this mom and it really struck a
Speaker 2: chord to me because she had recorded herself doing her
Speaker 2: daughter's hair and her she had a toddler and a
Speaker 2: baby and are in a homeless shell. This was like
Speaker 2: live a couple of days ago in a homeless shelter
Speaker 2: in the Bronx. And I can't remember her name, but yeah,
Speaker 2: she had. She wasn't even asking for me necessarily, but
Speaker 2: TikTokers will tend to ask you, you know, if you're
Speaker 2: if you're posting, like what's your cash app? And so yeah,
Speaker 2: I did donate. I did donate to her, and that
Speaker 2: felt it felt good. It felt good to be able
Speaker 2: to see something and then do something. Yes, you know,
Speaker 2: feel like I made it a tiny bit better.
Speaker 1: M HM. And I mean, that's always nice. I did
Speaker 1: that for there's a YouTuber not YouTuber instagrammer. I think
Speaker 1: it's like mainly manny or something like that. But he's hilarious,
Speaker 1: and he was like struggling with like I think he
Speaker 1: couldn't afford rents or his grandmother had recently passed away
Speaker 1: and he'd been staying with her, and it just he
Speaker 1: was having a hard time. But I know that when
Speaker 1: I was having my heartest of times, it's one of
Speaker 1: the few places I knew I could laugh because he
Speaker 1: does the skits and stuff. And so I said, you
Speaker 1: know what, when I saw that, I gave him like
Speaker 1: fifty two one hundred bucks. I can't remember, you know,
Speaker 1: I just cash stapped him some money because I was
Speaker 1: just like, you know, you've helped me get through a
Speaker 1: hard time. Hopefully this is a little something to help you. Yeah,
Speaker 1: it looks like it works, because later he said thank
Speaker 1: you guys so much, and I was able to find
Speaker 1: an apartment or whatever he was looking for. And so,
Speaker 1: I mean, I know, it's odd. It feels like people
Speaker 1: giving you money, because when I first saw people put
Speaker 1: in their cash apps, I'm like, that seems weird. But
Speaker 1: then someone gave me money. I did not ask for it.
Speaker 1: I was doing an IG live maybe like a couple
Speaker 1: of weeks ago, and when I got off, it said, Tiffany,
Speaker 1: you earned ten dollars in badges. I'm like, what. So
Speaker 1: apparently when you're live, people can like basically send you
Speaker 1: money by purchasing of the badge. And I can't remember
Speaker 1: how much you have to make in order to like
Speaker 1: do a withdrawal, but I'm not there yet. I'm like,
Speaker 1: you know, twenty bucks in asked for that, So I
Speaker 1: thought that was interesting.
Speaker 2: Yeah, it's definitely it's making it easier for creators to
Speaker 2: see some financial gain. I mean, I still think it's
Speaker 2: really hard to get to a place where you're making
Speaker 2: money directly from the platform itself. Like, of course you
Speaker 2: can sell your product and make money that way, but
Speaker 2: you know, TikTok and IG are both hopefully working on
Speaker 2: ways to help creators make more, but it's not it
Speaker 2: has a long ass way to go. Wow, I was
Speaker 2: thinking about this whole national holiday, you know, now it's
Speaker 2: a national holiday. Even our podcast network, Cumulus, We're just
Speaker 2: trying to figure out what we're going to do next
Speaker 2: week because they are celebrating or they're observing Juneteenth on
Speaker 2: that Monday, and I do I love that companies in
Speaker 2: our country have finally recognized as a holiday. But I
Speaker 2: like the idea of okay, so what are we gonna do?
Speaker 2: You know, Mlkday became a day of service, and companies,
Speaker 2: would you know, give back in that way. I if
Speaker 2: you're at a company that has, you know it, lets
Speaker 2: you guys observe Juneteenth, I would still not.
Speaker 1: I wouldn't.
Speaker 2: I would not stop asking for you know, what are
Speaker 2: the retention rates for workers of color? How are black
Speaker 2: people at this company succeeding? Especially if you're interviewing asking
Speaker 2: those questions an interview. I really recommend people ask them,
Speaker 2: and sometimes I get like, really, you're going to bring
Speaker 2: up rais in an interview. I would much rather know,
Speaker 2: you know, before I join a company, if there's anyone,
Speaker 2: especially when I'm coming into a company, you know at
Speaker 2: my level, maybe VP, SVP, I would want to know
Speaker 2: up front, you know, what are my odds of success?
Speaker 2: You're in an art does anyone look like me? And
Speaker 2: do they have a proven track record of women of
Speaker 2: color winning? And if the answer is no, then I
Speaker 2: would definitely think twice about you know, joining that company.
Speaker 2: So even though I just don't think it's an obviously
Speaker 2: it's a nice gesture, but you have to continue holding
Speaker 2: these companies responsible for doing a lot damn more.
Speaker 1: Yes, it's like like when they slap on like you
Speaker 1: know right now, it's pride, like we get it. Orio
Speaker 1: has has a rainbow feeling, But Orio, what are you
Speaker 1: doing behind the scenes to support that community financially? Okay,
Speaker 1: So like that's the thing that you know, a lot
Speaker 1: of these companies will slap on. You know, Oh, it's
Speaker 1: it's history month. Everything is black, like black, black black.
Speaker 1: And then you look at like, you know, the way,
Speaker 1: like the way they're hiring practices, you look at you know,
Speaker 1: how many people are promoted. I'm much rather that than
Speaker 1: saying like I've got this T shirt that says black
Speaker 1: on it. I remember there's a company that.
Speaker 2: Was just black, dude, black.
Speaker 1: There is this company I they wanted me to partner.
Speaker 1: This is like during the height of like George Floyd
Speaker 1: and that, you know, Black Lives Matter movement, and they
Speaker 1: wanted me to do like a they want me to
Speaker 1: do an ig takeover. And I was like real sassy.
Speaker 1: Then I was like, okay, well, can you tell me
Speaker 1: how many employees you have? Black employees you have? I
Speaker 1: was like literally zero. I said, okay, what about contract
Speaker 1: Well you would be oh I get to be the
Speaker 1: first now. And I was like, well what about forget black?
Speaker 1: What about just people of color? Mandy? I was like, damn.
Speaker 1: The bar was in Helle. And then I was like
Speaker 1: they're like, oh wait, wait wait. You know when we
Speaker 1: run ads and stuff, we do hire some like you know,
Speaker 1: you know, people to do our commercials. I'm like, oh,
Speaker 1: so you take the black dollar, but you just don't
Speaker 1: pay black people kow cute for you kick rocks, and
Speaker 1: so for like every month after that, they would be
Speaker 1: updating like hey, you know we're trying to hire blacks.
Speaker 1: I honestly it was really terrible. It was it was
Speaker 1: giving cringe and I'm like, honestly, I don't need your updates,
Speaker 1: like you know, look in the mirror for that, Like,
Speaker 1: you don't have to update me every month. I'm not
Speaker 1: working with you like the answers and oh no, because
Speaker 1: you know, if you want me to be more black
Speaker 1: band aid.
Speaker 2: Yes, so yeah, absolutely, you have to make them uncomfortable.
Speaker 2: I remember having a conversation with our podcast network about
Speaker 2: how we have no black producers hi Amani and one
Speaker 2: of when a position opened up, you were on hiatus,
Speaker 2: but I sure did email my buddy John like hot.
Speaker 2: You can cut this out if you guys decide too,
Speaker 2: It's fine, but.
Speaker 1: I think people should know.
Speaker 2: Keep it, damn it, keep it.
Speaker 1: It's true. I think people should know.
Speaker 2: They should know that you if you have a teeny
Speaker 2: tiny bit of power and you feel so moved, why
Speaker 2: not ask You ain't got to be black to do
Speaker 2: it either, you really don't. You know one company that
Speaker 2: I think is getting it right. Maybe I hope that
Speaker 2: that I'm not wrong here, but Target seems to be
Speaker 2: stacking their wins. Like Tabitha Brown just launched a beautiful collection.
Speaker 2: I went and grabbed me a nice dress from her collection.
Speaker 2: A lot of it is a bit is Tabitha Brown
Speaker 2: right explosion. But they, you know, they have the They
Speaker 2: focus on getting and spotlighting and amplifying black businesses you know,
Speaker 2: in their stores and actually helping you identify so that
Speaker 2: if how you want to celebrate Juneteenth is purchasing from
Speaker 2: a black business that you can go to Target and
Speaker 2: potentially do that, you can also do it you know,
Speaker 2: we'll post a link in the in the show notes
Speaker 2: for some roundups of black business. Is maybe you could
Speaker 2: purchase from and just you know, vote with your dollars.
Speaker 1: I'm not so although Target, I never see my book
Speaker 1: anymore in Target. Is it sold out or you're just
Speaker 1: not purchasing more? Every time I go to Target, I'm like,
Speaker 1: don't esta me libro, look at my Spanish. That means,
Speaker 1: where's my book? For those of you who are not
Speaker 1: bilingual like me and Mandra, it's all like, for real,
Speaker 1: always like where is it? Has it sold out? Or
Speaker 1: it's sold out? Here? Target? Away? I thought we were friends.
Speaker 2: People are wiping up in the mornings and they wait
Speaker 2: and they say.
Speaker 1: No, but no. But honestly, that's I mean. And to
Speaker 1: your point, I don't know for sure, but it does
Speaker 1: seem as if because there are a lot of people
Speaker 1: who I know, Like, there's makeup line. What's her name.
Speaker 1: She's out of Detroit. Her name is Melissa. She's got
Speaker 1: her make up the lit bar, no I think it
Speaker 1: is a lit bar. And she's got this new makeup
Speaker 1: line called a thread. Also, uh, she's another woman who
Speaker 1: makes the T shirt. Who's the woman that makes a
Speaker 1: mess in a bottle, Khalila Wright, and so she had
Speaker 1: this whole thing also unique, I remember you unique last name.
Speaker 1: But she's got this company called Because of Them we Can.
Speaker 1: But she created this really fun game called culture Tags,
Speaker 1: and so like that's highlighted a target. So yeah, I
Speaker 1: do like them. They seem to be going out of
Speaker 1: their way to highlight and create space for these black businesses.
Speaker 1: Honey Potter, which we have to talk about, you know,
Speaker 1: we don't talk about this this week, but honey, I.
Speaker 2: Know, and he wanted to talk about that, but yes, yeah,
Speaker 2: like one yeah, so and what's the butter bar that
Speaker 2: you always talk about?
Speaker 1: Yeah, but I don't think the butter bar is in
Speaker 1: it's in Target because they the thing about oh yeah
Speaker 1: yeah they're great and so pooka butter bar, I know
Speaker 1: to see. But yeah, so I just I like that,
Speaker 1: you know, we Manny and I here try to create
Speaker 1: space obviously for like black and brown women, you know,
Speaker 1: whether it's in our own companies. I would say ninety
Speaker 1: of my company are black and brown women. Have you
Speaker 1: on the black but although we have other women as well,
Speaker 1: and then that that's you know, I intentionally try to
Speaker 1: create a space obviously, like I'm looking to hire the
Speaker 1: best that's out there, but we really try to create
Speaker 1: a space where it's like, sis, you could be the best,
Speaker 1: come on in here. You know, let's interview, because I
Speaker 1: certainly have interviewed a wide range of folks and you know,
Speaker 1: but been very very conscious since that's the large ardent
Speaker 1: that I speak to. I wanted that folks that really
Speaker 1: understood who we're speaking to, how and why. So that's
Speaker 1: what I look for too.
Speaker 2: Plus that's I just don't change without intention.
Speaker 1: Yes, exactly, you have to be intentional. So I guess
Speaker 1: the boost here is lip service. We see you and
Speaker 1: then the but that's the break, the break and break
Speaker 1: is the lip service and the boost is for those
Speaker 1: who are really doing it. So we you know, botoop
Speaker 1: boop for you.
Speaker 2: Shout out to my neighborhood for having a cookout. Is
Speaker 2: everyone invited? I don't know. Actually I'm not invited.
Speaker 1: I am.
Speaker 2: I'm in the COVID house now.
Speaker 1: Oh no, no, you know what I'm actually doing taking
Speaker 1: part in a Juneteth event on Sunday. Let me let
Speaker 1: me pull it up here, Wilin because it's like literally
Speaker 1: everyone's gonna be there Tanya speaking Earn Your Leasure ash Cash.
Speaker 1: It's like, honestly, of all the financial events I've ever done,
Speaker 1: it's hands down, I've never seen more people.
Speaker 2: Like incredible going down. I found it, Tiffany Elie Chase
Speaker 2: tweet going down with Angela Lee Angela Yee. Biggest financial
Speaker 2: education event in NYC and honor the Black Money Forum.
Speaker 1: That's what it's called. You tweeted it. I found it.
Speaker 3: I know, well I didn't eat it, but you know,
Speaker 3: look at the melanin Yes, okay, yes, I see you
Speaker 3: in the door an invest in stocks, real estate, credit, business,
Speaker 3: personal finance, free community event. Black Moneyforum dot Com got it.
Speaker 1: So it's gonna be it seems like it's really gonna
Speaker 1: be super awesome and so yeah, but I love it
Speaker 1: because it's it's on juneteen, it's full of black educators.
Speaker 1: We're talking everything that you can think of about money,
Speaker 1: and it's sponsored by b E and the T So
Speaker 1: it's super black, so more and it's going to be
Speaker 1: in person. Yes, and I'm almost positive that it's free.
Speaker 3: And it is free.
Speaker 2: It says so free community event. So if you're in NYC,
Speaker 2: Black Moneyforum dot Com.
Speaker 1: It's at the King's Theater, which is in Brooklyn off
Speaker 1: flat Bush. Can it be any blacker than that? Flat Bush?
Speaker 2: Every I get a shade darker with every sentence.
Speaker 1: You utter, So join us on over there.
Speaker 2: It's just saying a lot. I am getting pretty tan
Speaker 2: from watching my caterpillars hatch. Okay, oh, I love it
Speaker 2: all right, that's so exciting. Happy Juneteenth, y'all. I hope
Speaker 2: you celebrate acknowledge it in some in some way. I'll
Speaker 2: be celebrating it from my couch watching endless hours of
Speaker 2: blippy so post pics and all live vicariously through y'all.
Speaker 1: Oh, and thank you for doing your homework. Some of y'all.
Speaker 1: Some of y'all did not do your homework. That's sending
Speaker 1: us the like continue, I love that, Continue to screenshot
Speaker 1: and tag us in how much the apple stock that's
Speaker 1: an Apple?
Speaker 2: No? Amazon?
Speaker 1: Oh yeah Amazon child? Yeah yeah. So because I love
Speaker 1: to see I want to see the progression, because it
Speaker 1: was like one twenty four when we chatted like right, Mandy,
Speaker 1: like and then someone sends me I was like, oh wow,
Speaker 1: it's going all the way down. It was like one
Speaker 1: o nine and so like as of right now, let
Speaker 1: me pull it up right quick, because it's gonna be
Speaker 1: your homework to screenshot and tag and we I promise
Speaker 1: next time because run out fam but will actually shout
Speaker 1: you out because I think that it's really good to
Speaker 1: like you get to see like how Amazon be going
Speaker 1: up and down. Now someone tagged me like yesterday, now
Speaker 1: it's one o four, so it's it's dropped everything like
Speaker 1: twenty dollars a share already, So yeah, yes, why I'm
Speaker 1: asa stick to my index? Fun?
Speaker 2: Is it going to keep going? Maybe I'll buy.
Speaker 1: Something I don't know, so keep a eye on. So
Speaker 1: let's talk about it like it's one o four twenty
Speaker 1: eight right now, So screenshot what the stock prices of
Speaker 1: Amazon when you're listening to this tag the BA podcast
Speaker 1: on Twitter? And you know what, because I do want
Speaker 1: to like honor it. Maybe do you have access I'm
Speaker 1: reading it? Could you just read a shout a few
Speaker 1: people out just so we could be like, yeah.
Speaker 2: So shout out to Dee Brown twenty one fifteen. She
Speaker 2: did her homework. Let's see who else? Meg, Oh, Megan,
Speaker 2: Meghan or Meghan, I don't know. Wasn't that like a
Speaker 2: kem pil skit anyway? Megan at lush zeb She she
Speaker 2: tweeted us when it was one eighteen. A share bandemic
Speaker 2: Baby said it was yet also tweeted us when it
Speaker 2: was at one eighteen. First Gen Rise at first Gen
Speaker 2: ri Rise tweeted us it was at one twenty. We're
Speaker 2: just going backwards up the hill. And then I am
Speaker 2: Malahikia Malakia. Sorry if I pronounce that wrong. I am
Speaker 2: Malachiya said, just heard episode three one one. I also
Speaker 2: enjoyed the podcast and welcome back Tiffany, and she took
Speaker 2: a screenshot it was at one twenty two. All right,
Speaker 2: are you still one more? Ava Lucian, Yeah, we're going back.
Speaker 2: Maybe I'll start the beginning next time, but hopefully and
Speaker 2: it shows you too. It's just how easy it is
Speaker 2: to Google and see where the prices are at. And
Speaker 2: even on Google they do a good job. You can
Speaker 2: see the historic value of companies, where they've been in
Speaker 2: the past, where they're going. It's the big if that's
Speaker 2: the first thing for people to stock this.
Speaker 1: I feel like we should do it. We should give
Speaker 1: a little homework and be like this is where you
Speaker 1: submit it, so we give you a little shout out right.
Speaker 1: I like that so contindue your homework tag at the
Speaker 1: BA podcast and we will shout you up at the
Speaker 1: end of next episode. Let's see how the stock is doing.
Speaker 1: Hopefully eventually we'll be able to say it's up, it's up,
Speaker 1: because right now it's not.
Speaker 2: Yeah. Well, even if you're just investing in general, tweet
Speaker 2: us let us know how things are going. We want
Speaker 2: to support yeah always. Well, thank y'all for another incredible
Speaker 2: week of Brown Ambition. Stay tuned for b a Q
Speaker 2: and on Friday, we will be here with a new
Speaker 2: episode this coming Friday, so we'll talk to y' all then. Bye, Hey,
Speaker 2: BA fan, We could not do this show without your
Speaker 2: support or the support of our team behind the scenes.
Speaker 2: The Brown Ambission Podcast is produced by Cumulus Podcast Network.
Speaker 1: It's edited by the.
Speaker 2: Wonderful Imani Crosby and produced by Tanya Bustos. Dennis Stimplinsky
Speaker 2: is our in house tech guru, and I am Bandy
Speaker 2: Woodard Santos, your co host, and I will see y'all
Speaker 2: next week.