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Speaker 1: Hey, hey, hey, I'm Tiffany.

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Speaker 2: H'm n oh, I apologize and this is brown ambition.

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Speaker 3: So Mandy, guess what I did, like last Thursday, the

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Speaker 3: thing that I've been talking about for a year.

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Speaker 1: And a half.

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Speaker 2: Rock climbing. Oh no, this is a bad guess.

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Speaker 1: I closed on my house.

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Speaker 4: Oh my god, I could we congratulations.

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Speaker 2: I'm gonna pretend that I didn't already know that.

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Speaker 3: It was so great closing, like because we paid cash,

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Speaker 3: so it was literally just a signature.

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Speaker 1: It was less than two minutes.

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Speaker 3: And then we had to wire the money, which was

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Speaker 3: a little nerve wracking because right now there's like I guess,

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Speaker 3: like you know, hackers are really at an all time

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Speaker 3: high for hacking into like law offices or like title

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Speaker 3: companies and sending you an email from them saying, hey,

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Speaker 3: tiv actually this is where you're supposed to wire the money,

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Speaker 3: and people are getting their money stolen because once they

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Speaker 3: send the wire that's it. Like even my bank when

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Speaker 3: we went to wire the money, they're like, are you

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Speaker 3: sure this is the right people, because we if this

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Speaker 3: is the wrong person, there's nothing to do that we

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Speaker 3: can do to retrieve that money.

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Speaker 2: That's terrifying.

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Speaker 1: Okay.

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Speaker 3: So yeah, so there's nothing you can do to retrieve

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Speaker 3: that money. So what you can do is that you

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Speaker 3: have you get the instructions email to you, but then

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Speaker 3: you call the actual like goal to your don't call

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Speaker 3: the number on the instructions, but call the number that

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Speaker 3: you know of your lawyer or your your title company,

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Speaker 3: like go to their website, pull the real number, call

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Speaker 3: and say, hey, I'm here. Let's go over the account

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Speaker 3: number and the routing number again, so that way we

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Speaker 3: can confirm that it actually came from you, and then

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Speaker 3: you should be good to go. So that's what we did,

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Speaker 3: and we're good to Yeah, we own ourselves a house.

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Speaker 2: What's next? I mean, are you starting renovations right away?

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Speaker 2: You're going to move in?

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Speaker 1: So I'm not gonna lie. We were super freaked out,

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Speaker 1: like what do we do?

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Speaker 3: Like, we just looked at it for two days and

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Speaker 3: like so then I took it to what I always do,

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Speaker 3: social media, and I was like, you know, I really

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Speaker 3: want to work with a designer because honestly, I don't

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Speaker 3: know what to do.

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Speaker 1: We want to renovate. So a lot of people sent

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Speaker 1: suggestions in and we actually met amazing design and construction couple.

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Speaker 1: The wife is a.

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Speaker 3: Designer and has her design degree, and husband is project

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Speaker 3: manager and construction and also a license carpenter. And so

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Speaker 3: he works for like he worked for like Bloomberg and

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Speaker 3: worked for a huge fifty million dollar like like a

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Speaker 3: real estate development company. And she's worked for like Rutgers

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Speaker 3: New Work and Win them for design and.

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Speaker 1: So just like and what I love is that they're

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Speaker 1: actually starting. They want to start their own business.

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Speaker 3: And she's like, even though we have years of experience

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Speaker 3: working for these major organizations, we want to do it

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Speaker 3: for ourselves. So we'd like to barter. I'm like, you

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Speaker 3: me at barter, And so she was like, we love

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Speaker 3: to barter, and we'd love to basically mentor you through

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Speaker 3: the process in exchange for helping us, like get financially

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Speaker 3: ready to start a business and then shouting our business

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Speaker 3: out on social media.

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Speaker 1: I'm like, yes, girl. So they came just this past weekend.

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Speaker 3: We went to their house first to see their style,

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Speaker 3: because he did their whole house top to bottom and

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Speaker 3: it was amazing and I loved it. And so we

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Speaker 3: went to their house, me and Superman to see their style,

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Speaker 3: and then they came to our house and just walked

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Speaker 3: through with us and kind of gave some suggestions and

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Speaker 3: we kind of worked out like a bartering deal. And

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Speaker 3: they're the same age as us, and they're so dope.

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Speaker 3: I mean, aside from this, they're like our new friend couple.

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Speaker 3: We love them. So we're excited to get started. They

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Speaker 3: gave us homework already. They're like, one of these pipes

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Speaker 3: looks like it's wrapped in lead. So here's some numbers

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Speaker 3: you can call to get tested, and here's another number

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Speaker 3: to get abated. And once that's done, we're you know,

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Speaker 3: we're gonna One of the things that I'm excited about

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Speaker 3: is we're going to go room by room because he's

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Speaker 3: not going to do with the general content. Think he's

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Speaker 3: instead going to help us find a good general contractor,

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Speaker 3: and we're gonna go room by room and figure out

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Speaker 3: exactly what we want, how many outlets, what, how many

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Speaker 3: light fixtures, flooring, whatever, and create a spreadsheet that we

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Speaker 3: can then give to contractors to put bids on so

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Speaker 3: we can compare apples to apples and then we go

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Speaker 3: from there.

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Speaker 2: Gosha. So they're like, You're like, they're like your consultant firm. Ye, Okay,

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Speaker 2: that's cool, and they're starting a business, so you're like

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Speaker 2: one of their first clients.

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Speaker 1: Exactly. We are their first clients.

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Speaker 3: So they're just like, hey, we do this in our

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Speaker 3: regular jobs, but we want to do this for ourselves.

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Speaker 1: But we're still figuring out what does that look like.

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Speaker 1: So if you.

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Speaker 3: Let us practice on you, then you know, in exchange

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Speaker 3: for that, you pay with your influence and sharing how

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Speaker 3: how dope we are. And I'm like, oh my gosh, heck, yeah,

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Speaker 3: that would have been like a feed that we don't

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Speaker 3: have to pay. And honestly, I don't know like Superman,

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Speaker 3: and I really don't know what to do next. And

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Speaker 3: I was afraid about hiring a contractor and being ripped off.

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Speaker 1: So now I don't have to.

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Speaker 3: Worry because he's like, no, I know exactly how much

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Speaker 3: things cost, Like I bid out multi out of project, so.

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Speaker 1: No one's going to get over on you as a

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Speaker 1: result of that.

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Speaker 2: I'm like, yes, awesome, congratulations. Just on closing.

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Speaker 1: What about you? Where are you in your closing process?

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Speaker 2: We are, I mean, we're approved, the loan is ready

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Speaker 2: to go. We're just waiting on the sellers to move

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Speaker 2: out because they currently live there. So we could we

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Speaker 2: could close like tomorrow, but we're giving them till the

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Speaker 2: first week of April and then we should be closing

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Speaker 2: April tenth.

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Speaker 3: Look at you, we have to we have to have

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Speaker 3: like like a housewarm party so we can do half

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Speaker 3: warm jumping.

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Speaker 2: Like I cannot wait to have every party, every sleepover,

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Speaker 2: every I want all the events because I'm like, I

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Speaker 2: paid enough for this house. I'm going to use the

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Speaker 2: hell out of this house. Like anyone want to get

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Speaker 2: married in my house? Come on down. We actually were

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Speaker 2: so creepy. We went, oh, you know what we did

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Speaker 2: this weekend? This was a great idea if you're in

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Speaker 2: I don't know if they have these in Jersey. They

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Speaker 2: probably have them somewhere. But so we're moving to a

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Speaker 2: county and just north of Manhattan. Manhattan, and they actually

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Speaker 2: have a local home show, which is essentially it's a

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Speaker 2: big It's at the local City Center, like the local

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Speaker 2: City Convention Center, and they have all these local vendors,

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Speaker 2: like really like popular contractors, roofing people, citing people, people

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Speaker 2: who do fountains and landscaping. I mean they had a

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Speaker 2: tree specialist home depot was there. They have all these

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Speaker 2: vendors there. But actually who live in your work in

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Speaker 2: your local community, so you know their license there, you

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Speaker 2: know that they've actually done business where you are. And

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Speaker 2: we just went from booth to booth and it was

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Speaker 2: the nerdiest three hours of my life. But it was awesome.

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Speaker 2: I mean, we asked all of the questions we had about,

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Speaker 2: you know, the issues we think are happening with our house.

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Speaker 2: We got a lot of good ideas for vendors we

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Speaker 2: can reach out to, and a lot of the vendors

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Speaker 2: we saw at the at the home show are actually

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Speaker 2: ones that I had found on Yelp and like Angie's

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Speaker 2: List already, So it was really awesome to meet them

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Speaker 2: in person because you can say, hey, I saw you

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Speaker 2: on like Angie's List, Angie's List, which is great, you

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Speaker 2: have good reviews, but I could talk to you and

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Speaker 2: have a conversation and see if there's like a good

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Speaker 2: vibe or you know, see that you exist and like

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Speaker 2: you're a human. It was fun. It was really educational too,

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Speaker 2: and it wasn't like a high pressure sales kind of

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Speaker 2: thing where you know, honestly, here's a tip. If you

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Speaker 2: go to a home show and you don't want to

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Speaker 2: be bothered, just tell me you don't have a house yet,

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Speaker 2: because I mean when the seious lady ran up to

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Speaker 2: me like, oh my god, you do you have a

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Speaker 2: house and I was like, no, serious, lady, I don't

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Speaker 2: have a house yet, and she just like turned around.

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Speaker 2: But we loved it. It was fun and I feel

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Speaker 2: like we have a head start on actually finding people

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Speaker 2: that are local to our area. I even found out

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Speaker 2: what my tree is in the front yard. He was like, oh, yeah,

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Speaker 2: it's a crimson maple. They lived for fifty years, and

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Speaker 2: I told them that the current sellers have been there

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Speaker 2: for forty years. So he was like, Okay, here's how

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Speaker 2: you're going to get the next ten years and like

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Speaker 2: maximize the life and YadA YadA. It was dope.

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Speaker 1: Oh that's awesome.

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Speaker 3: It's like it's just you know, it's so crazy because

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Speaker 3: I feel like we're like our lives are like following

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Speaker 3: this path of like wait, I you know how like

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Speaker 3: when you're around somebody long enough you start looking like that.

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Speaker 3: I feel like the longer we're friends and more our

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Speaker 3: lives are becoming more similar. Like you got married Saturday,

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Speaker 3: you got a house tonight.

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Speaker 2: You know, all right, Well, don't start doing drugs. Well,

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Speaker 2: you know, they say the people you surround yourself with,

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Speaker 2: you're like the average of the five people you talk

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Speaker 2: to you most. I mean I talk to you more

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Speaker 2: than my own mom mom sometimes.

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Speaker 3: So you're like, I have a stay right, I don't

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Speaker 3: have a standing standing like appointment with my mom every week.

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Speaker 1: I'm like, but I do have one with you.

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Speaker 3: Well, speaking of my mama, I actually hung out with

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Speaker 3: her this morning. So Mama Alice decided that she wants

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Speaker 3: to retire a little bit early, not not so much early,

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Speaker 3: really just a year earlier than official official retirement. But

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Speaker 3: she's just over it, which I get. She's a school nurse.

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Speaker 2: And your dad's been retired too, so she's watching him

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Speaker 2: enjoy life.

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Speaker 1: What. Yeah.

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Speaker 3: I called her the other day because she was texting me,

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Speaker 3: which I'm like, who thought you had to text on

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Speaker 3: the iPhone? So she was texting me like nine thirty,

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Speaker 3: which normally she'd be knocked out, and I'm like, why

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Speaker 3: are you texting me? So I called her and she

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Speaker 3: was like, I don't have to go to work. She's

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Speaker 3: on sick leave time now, and she's like and it's

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Speaker 3: the best feeling ever to know that the sun will

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Speaker 3: wake me up.

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Speaker 1: I'm was like, oh, she is so geek to be home.

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Speaker 3: But she asked me to help go through her finances

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Speaker 3: and it was another beast. I said, Mommy, like, she

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Speaker 3: has so many different accounts from different places she worked,

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Speaker 3: My dad has an iray here, we're off here, and

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Speaker 3: so there were just so many things going on.

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Speaker 1: I'm like, this is beyond the scope of what I

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Speaker 1: know how to do.

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Speaker 3: And so I said, you know, let's sit down with

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Speaker 3: a professional who who's like, who.

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Speaker 1: Really focuses on this. And so she actually found one

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Speaker 1: that she liked.

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Speaker 3: She met with him twice and asked if I would

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Speaker 3: come with her today and I did, and what I

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Speaker 3: liked about him already he actually focuses on baby boomers

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Speaker 3: and helping them get prepared for retirement. And so in

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Speaker 3: these are the ways. So one income like, so how

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Speaker 3: are you going to be making money or not making money?

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Speaker 3: But how was you know money going to be coming

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Speaker 3: in to social Security? How do you maximize that? Three

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Speaker 3: long term care so eventually they'll get to an age

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Speaker 3: where they cannot care for themselves, So what does that

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Speaker 3: look like? And then for health care, so what is

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Speaker 3: their health like? So you know and so with all

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Speaker 3: of these accounts, how do you stagger payments and how

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Speaker 3: do you combine certain accounts and what does that look like?

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Speaker 3: And so I sat with him and I was just

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Speaker 3: blown away at one He truly enjoys this work. You

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Speaker 3: can tell him too, he which I love, just with

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Speaker 3: educating me. I mean I took pages and pages of

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Speaker 3: notes because you could just tell he he couldn't believe.

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Speaker 3: He was like, I can't believe that you're interested in this.

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Speaker 3: Most people just don't care. And he was like he

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Speaker 3: ken't be there for two hours because he was like,

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Speaker 3: I'm so excited that you like care about the numbers

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Speaker 3: and what it means.

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Speaker 1: And you know.

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Speaker 3: So, I mean, I think she chose really well. And

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Speaker 3: I told her, I think that you know, this is

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Speaker 3: a good choice.

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Speaker 1: Let's move forward. So it's actually going to.

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Speaker 3: Take about six meetings for him to go step by

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Speaker 3: step to creating their plan. And the plans are made

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Speaker 3: in five year blocks. That's how he likes to do it,

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Speaker 3: like the first five year of retirement. You know what

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Speaker 3: does that look like? The next five years, the next

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Speaker 3: five years, and the next five years. And I'm just

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Speaker 3: excited for them to cause they were thinking about selling

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Speaker 3: their house because they were like, we don't know if

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Speaker 3: we have enough, and I said, well, let's know for sure.

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Speaker 3: You know, let's you have so many accounts, let's see

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Speaker 3: what's really happening here. So I'm excited to one learn

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Speaker 3: more and then two just to make sure that they're okay,

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Speaker 3: because they also need.

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Speaker 1: Things like a will. I'm like, you don't have a will.

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Speaker 1: My mom's like, we have one. I'm like, not the

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Speaker 1: one you have when I was literally six where it literally.

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Speaker 3: Says my uncle Tony will be my guardian. I'm like mom,

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Speaker 3: and then like will, And then I really want them

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Speaker 3: to get to see if they need a trust and

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Speaker 3: long term health care plan, like what does that mean,

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Speaker 3: like a living what is that called.

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Speaker 2: A living will? Medical directive?

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Speaker 1: Yes, and so we're gonna work on that too.

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Speaker 3: So I'm just excited because it's like I'm excited because

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Speaker 3: this is what I do when I'm actually getting to

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Speaker 3: live in and then share it as I do it

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Speaker 3: so that way other people can benefit.

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Speaker 2: Yeah, And I think that's just it's nice that you

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Speaker 2: guys are going through it together and and the fact

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Speaker 2: that your parents, you know, your dad was a CFO

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Speaker 2: and obviously they've been really good about their their money,

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Speaker 2: their whole lives. They've been saving. But even if you've

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Speaker 2: been saving, there's more to it than just saving. You

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Speaker 2: got to like strategize and that's where the experts come

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Speaker 2: in exactly.

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Speaker 3: And that's why I thought too, because I was like,

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Speaker 3: because my dad's like, I don't know what your mother's talking.

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Speaker 1: About, I got a plan. And when I looked, I'm like,

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Speaker 1: you know.

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Speaker 3: Like, I'm like, wow, they have got a good amount

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Speaker 3: of money. But I see it's different than just having money,

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Speaker 3: because it's like, well, well, where do you pull from first?

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Speaker 3: And what like all of these accounts with my dad

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Speaker 3: is also a really good investor, So what accounts do

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Speaker 3: you do you start to pull together, and you know,

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Speaker 3: do you wait to pull social Security because you don't

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Speaker 3: really need it now? And my mom and she waits

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Speaker 3: a couple years can actually get more. So there are

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Speaker 3: all of these little, you know, like nuances that my

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Speaker 3: dad has been done a really good job of like

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Speaker 3: accumulating their assets.

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Speaker 1: But now how do we disperse.

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Speaker 3: It in a way in a time like allocated way

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Speaker 3: where it's like, okay that it's going to last for

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Speaker 3: the rest of your life.

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Speaker 1: And so that's the point where I'm like, you know,

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Speaker 1: you know.

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Speaker 3: So, like I said, I honestly like looking at it

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Speaker 3: from like the high level, like looking at all the numbers,

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Speaker 3: I'm like, there's there seems to be more than enough here.

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Speaker 1: It's just how do we roll this out?

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Speaker 2: You know?

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Speaker 3: So my dad didn't come this time, but he's going

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Speaker 3: to come next time. I was likeed, you know, because

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Speaker 3: I first, you know, because he's like, what I know

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Speaker 3: these things?

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Speaker 1: And then he was like, well.

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Speaker 3: Yes, you know, I've saved for us and I've invested

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Speaker 3: for us, but you're right, what does come next? Because

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Speaker 3: healthcare laws have changed that has nothing to do with

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Speaker 3: how much you've invested and saved, you know. So yeah,

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Speaker 3: I'm it's just excited for them because they're in a

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Speaker 3: good position. But by the end of this, they're going

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Speaker 3: to be in a better position. And I'm just going

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Speaker 3: to have some step by step things that I think

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Speaker 3: anyone who's preparing their helping their parents prepare for retirement

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Speaker 3: can do. So I'm really excited about the other end,

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Speaker 3: which is like what I learn and what I can share, And.

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Speaker 2: That's a good opportunity to remind you guys, We're going

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Speaker 2: to have an estate planning expert on the show and

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Speaker 2: the next week or two if you guys have questions

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Speaker 2: about you know, what do I need to have in

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Speaker 2: place so that not just I'm taking care of, you know,

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Speaker 2: as I as I get older, but that my family

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Speaker 2: is taking care of But something were to happen to me,

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Speaker 2: like these scary words like wills and estate plans and

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Speaker 2: power of attorney, Like this is the time to ask

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Speaker 2: all the questions you guys have and we'll have this

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Speaker 2: expert on in the next week or two to take

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Speaker 2: those questions on the show.

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Speaker 3: Yes, I'm super excited because Aren't is actually teaching a

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Speaker 3: three week course inside my literature academy too, because she's

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Speaker 3: like this is so important and not enough Brown women

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Speaker 3: know what to do as it relates to state planning.

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Speaker 1: So she's just a diamond, Arn't. We love you?

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Speaker 2: Yeah? Absolutely, And we have a guest on today's show too.

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Speaker 2: We do surprise guess she's actually one of you. We

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Speaker 2: plucked her out of the Brown Ambition mailbox. I'm really

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Speaker 2: excited to have her on the show. Her name's Tasha Danielle.

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Speaker 2: She's going to talk about her journey from being eighty

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Speaker 2: thousand dollars in debt to being completely debt free by

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Speaker 2: age thirty. It's pretty fantastic. And I've seen the receipts, y'all.

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Speaker 2: I asked for them. She ain't lying.

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Speaker 1: No, that's awesome.

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Speaker 3: I mean thirty debt free, and not just debt free

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Speaker 3: from like oh I owe five thousand, but eighty thousand dollars.

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Speaker 1: That's tremendous. I can't wait to pick her brain to

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Speaker 1: see one how did she get that much debt? And

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Speaker 1: two how did she get.

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Speaker 4: Out of it?

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Speaker 2: You'll find that out and more on today's edition of

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Speaker 2: Brown Ambition.

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Speaker 1: As the World turned.

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Speaker 2: Every once in a while, you guys, I'm actually checking

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Speaker 2: the Brown Ambition mailbox, which I read all of your

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Speaker 2: fantastic letters. Sometimes I find stories that are really inspiring

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Speaker 2: to me, and I know that this story is different,

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Speaker 2: and we got to have this person on the show.

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Speaker 2: On today's show, I wanted to bring on a Brand

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Speaker 2: Ambition listener who recently reached out to tell us her

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Speaker 2: story because I just couldn't get out of my head,

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Speaker 2: and after talking to her on the phone, I knew

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Speaker 2: it was going to resonate with so many of you guys.

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Speaker 2: On today's show, we have Tasha Danielle. She's thirty one

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Speaker 2: years old and she's a corporate accountant in Detroit, Michigan,

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Speaker 2: and also the founder of Financial Garden. It's a financial

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Speaker 2: literacy program that partners with Detroit area businesses and nonprofits

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Speaker 2: to bring financial literacy to public schools. But her story

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Speaker 2: goes so much deeper than that. In her early twenties,

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Speaker 2: Tasha was eighty thousand dollars in debt and she had

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Speaker 2: a serious wake up call and decided to start attacking

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Speaker 2: her debt aggressively, so aggressively that by age thirty, Tasha

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Speaker 2: was totally debt free. So we've asked Tasha to join

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Speaker 2: the show and talk to you guys and us about

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Speaker 2: her journey to debt freedom and how she is bringing

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Speaker 2: that message now to kids in Detroit, her hometown. Tasha,

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Speaker 2: thank you so much for coming on Brown Ambition.

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Speaker 4: Thank you so much for having me. I'm eat with you, ladies.

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Speaker 1: Welcome Tasha Danielle. I love her first name, first name.

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Speaker 2: Thank you, So, Tasha, tell me what made you reach

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Speaker 2: out to us, because not every day people think I'm

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Speaker 2: just going to send an email to this podcast.

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Speaker 4: Oh well, two things. First, I love the podcast and

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Speaker 4: what you ladies represent Brown women there are you know

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Speaker 4: on their grind and you guys, are you humanized talking

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Speaker 4: about finances in your personal life story, so you know,

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Speaker 4: talking about being single and finding mister right and getting

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Speaker 4: married and by buying our first home. So I just

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Speaker 4: love the podcast and a France suggested that I reach

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Speaker 4: out and share my story.

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Speaker 3: So I actually would love to hear your story. And

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Speaker 3: you know, how you went from where you were to

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Speaker 3: where you are now. I'm sure a lot of people

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Speaker 3: are eighty thousand dollars in debt twenty forty and it's

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Speaker 3: really overwhelming.

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Speaker 1: So how did you first get into that situation?

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Speaker 4: I got in that situation by going to college eighteen

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Speaker 4: years old?

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Speaker 2: How dare you lie? How dare you get an education?

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Speaker 4: I do right, an expensive one. I decided to go

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Speaker 4: to a very expensive private college in Michigan and at

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Speaker 4: eighteen found on the guide of Larne for those promisory notes.

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Speaker 4: And I knew at that time I'll be graduating in

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Speaker 4: college with about fifty thousand dollars in debt, and that's

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Speaker 4: exactly what happened. So I graduated with about fifty thousand

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Speaker 4: dollars in student loan debt, and I had a little

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Speaker 4: bit of credit card debt with that, so I was,

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Speaker 4: you know, close to fit fifty five thousand at the

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Speaker 4: age of twenty one when I graduated from college, and

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Speaker 4: the debt grew in my early twenties. After graduation, I

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Speaker 4: had to take a few more classes. I'm a certified

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Speaker 4: public accountant, and so I had to take a few

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Speaker 4: more college courses to be able to take that exam.

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Speaker 4: So I had to take all another private suit loan

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Speaker 4: to pay for that, and then you know, had to

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Speaker 4: buy a new youth car. So by the age of

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Speaker 4: twenty four to twenty five, I had eighty thousand dollars

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Speaker 4: in debt, and I was just like, you know, oh

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Speaker 4: my goodness, when.

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Speaker 2: Did it feel. When did it feel to you? Like?

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Speaker 2: When did it Because you know, sometimes it's hard. You know,

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Speaker 2: you have a little bit, you have debt here, you

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Speaker 2: have debt there. When did you look at the big

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Speaker 2: picture and realize how deep you were?

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Speaker 4: In twenty eleven, when I really was like kind of

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Speaker 4: feeling it, it's slipping away from me. So as growing up,

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Speaker 4: my grandmother talked to me about finances and you know,

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Speaker 4: I knew what credit score was, I knew what debt was.

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Speaker 4: I knew exactly what I was signing up for before

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Speaker 4: going to college, and I had a plan to when

438
00:19:07,840 --> 00:19:09,760
Speaker 4: I graduate college, I'm gonna stay at home pay this

439
00:19:09,880 --> 00:19:12,919
Speaker 4: debt off. Their life happens. I did get engaged in

440
00:19:12,960 --> 00:19:17,800
Speaker 4: my senior year, right after college, and so starting a

441
00:19:17,840 --> 00:19:19,560
Speaker 4: life with someone, I kind of wasn't like, I'm going

442
00:19:19,600 --> 00:19:21,679
Speaker 4: to stay at home and do that. After we got engaged,

443
00:19:21,720 --> 00:19:25,000
Speaker 4: we lived together, so I knew the debt was there,

444
00:19:25,040 --> 00:19:26,600
Speaker 4: and I kept saying, I'm gonna work my plan, work

445
00:19:26,720 --> 00:19:29,800
Speaker 4: my plan, and it, you know, it just grew. And

446
00:19:30,640 --> 00:19:34,080
Speaker 4: once I hit the eighty thousand dollars mark, I had

447
00:19:34,200 --> 00:19:37,320
Speaker 4: ended my engagement and I kind of was just like, Okay,

448
00:19:38,119 --> 00:19:40,520
Speaker 4: something has to change. I was paying off my debt,

449
00:19:40,640 --> 00:19:42,600
Speaker 4: you know, I was paying I was making my student

450
00:19:42,640 --> 00:19:46,520
Speaker 4: lown payments and everything on time. But I did it.

451
00:19:48,000 --> 00:19:50,600
Speaker 4: I no longer wanted to live that life. I heard

452
00:19:50,680 --> 00:19:52,560
Speaker 4: Michelle Singletary speak at my church.

453
00:19:53,119 --> 00:19:53,720
Speaker 1: I love her.

454
00:19:54,160 --> 00:19:56,600
Speaker 4: He yeah, she She's.

455
00:19:56,400 --> 00:19:58,800
Speaker 2: Amazing the color of bunny, y'all. For those of you

456
00:19:58,880 --> 00:20:01,000
Speaker 2: who don't know Michelle singletons, why haven't we had her

457
00:20:01,040 --> 00:20:02,919
Speaker 2: on the show. I've known her for years. She's uh,

458
00:20:03,480 --> 00:20:07,440
Speaker 2: she's at the Washington Post. She's their their personal finance columnists.

459
00:20:07,440 --> 00:20:10,119
Speaker 2: But she has her own like huge following, and she

460
00:20:10,160 --> 00:20:12,960
Speaker 2: talks to a lot of churches and public events. The

461
00:20:13,000 --> 00:20:16,280
Speaker 2: color of money I think is her her business.

462
00:20:16,960 --> 00:20:19,760
Speaker 4: Yes, and that's exactly she came to my church. I

463
00:20:19,760 --> 00:20:22,800
Speaker 4: actually was, you know, part of putting on a financial

464
00:20:22,800 --> 00:20:26,520
Speaker 4: event at my church, and we brought her in and

465
00:20:26,720 --> 00:20:29,159
Speaker 4: I'm thinking that, you know, I'm a CPA. I know

466
00:20:29,240 --> 00:20:32,000
Speaker 4: about paying my debt off and everything, and I didn't

467
00:20:32,000 --> 00:20:34,720
Speaker 4: really realize how much I felt way down by debt

468
00:20:34,800 --> 00:20:37,760
Speaker 4: until I heard her speak, and she talked about living

469
00:20:37,760 --> 00:20:42,240
Speaker 4: this financially free life and that that concept was completely

470
00:20:42,320 --> 00:20:45,560
Speaker 4: foreign to me because I knew about, you know, paying

471
00:20:45,600 --> 00:20:48,000
Speaker 4: off debt, but you know, growing up, you get a car,

472
00:20:48,119 --> 00:20:51,560
Speaker 4: you get a house, you finance that everything's finance. And

473
00:20:51,640 --> 00:20:54,440
Speaker 4: so she was She's made this statement about how would

474
00:20:54,480 --> 00:20:56,959
Speaker 4: you feel if you just own your own paycheck, your

475
00:20:56,960 --> 00:21:01,160
Speaker 4: whole paycheck? And I was like, what, Like, I never

476
00:21:02,119 --> 00:21:04,040
Speaker 4: I never thought about that. I was just like, you know,

477
00:21:04,800 --> 00:21:07,199
Speaker 4: my check is going to nail Net first Mark. You know,

478
00:21:07,440 --> 00:21:09,919
Speaker 4: all these suit loans and you know, I had a

479
00:21:09,960 --> 00:21:11,439
Speaker 4: car at the time I was paying off and I

480
00:21:11,520 --> 00:21:15,199
Speaker 4: was just like, I was like, okay, it's time to

481
00:21:15,359 --> 00:21:19,320
Speaker 4: like really, you know, get this debt paid off completely,

482
00:21:19,480 --> 00:21:22,679
Speaker 4: like as fast as possible, and you know that's what

483
00:21:22,760 --> 00:21:25,920
Speaker 4: really lift the fire for me to kill the debt.

484
00:21:26,160 --> 00:21:29,040
Speaker 2: Let's let's backtrack a little bit because I know we

485
00:21:29,359 --> 00:21:33,520
Speaker 2: talked about your engagement and I wanted to ask, you know,

486
00:21:34,000 --> 00:21:37,359
Speaker 2: you were accumulating this debt while you were planning at

487
00:21:37,400 --> 00:21:39,439
Speaker 2: the time to get married and you were living with

488
00:21:39,480 --> 00:21:43,199
Speaker 2: your partner together. I just wondered if the debt, and

489
00:21:43,240 --> 00:21:45,600
Speaker 2: you know you said you ended the relationship was the debt.

490
00:21:45,920 --> 00:21:47,639
Speaker 2: Do you feel like the debt played a role or

491
00:21:47,680 --> 00:21:50,679
Speaker 2: where you were financially played a role and why that

492
00:21:50,800 --> 00:21:53,360
Speaker 2: didn't work out or did it put stress on that relationship?

493
00:21:55,160 --> 00:21:58,159
Speaker 4: Yeah, we had two different money mindsets and that was

494
00:21:58,240 --> 00:22:02,280
Speaker 4: key for me to get out of that. He was

495
00:22:02,400 --> 00:22:06,439
Speaker 4: not a savor I was, and I'm I'm a budget person.

496
00:22:06,520 --> 00:22:10,040
Speaker 2: So your CBA, yeah right.

497
00:22:09,960 --> 00:22:12,760
Speaker 4: I love my spreadsheets and you know, you know I'm

498
00:22:12,760 --> 00:22:13,800
Speaker 4: majoring in economics.

499
00:22:13,840 --> 00:22:16,480
Speaker 1: This is what I love. Right, It's not like my

500
00:22:16,520 --> 00:22:18,680
Speaker 1: father's show. He's a little a CPA major in economics.

501
00:22:18,680 --> 00:22:19,800
Speaker 1: I'm like, are you sure you're not in the lead.

502
00:22:22,119 --> 00:22:25,840
Speaker 4: I gotta do I gotta do my ancestry. See, yeah,

503
00:22:25,880 --> 00:22:26,960
Speaker 4: you are definitely not Jerry.

504
00:22:27,040 --> 00:22:32,200
Speaker 1: I can feel it. But you know he would.

505
00:22:32,440 --> 00:22:34,680
Speaker 4: It kind of grew so it wasn't My debt wasn't

506
00:22:34,680 --> 00:22:37,360
Speaker 4: the problem. Like he had debt as well, and he

507
00:22:37,440 --> 00:22:40,200
Speaker 4: wasn't honest about how much that he had. So where

508
00:22:40,240 --> 00:22:42,000
Speaker 4: I'm you know, every week, I'm like, okay, this is

509
00:22:42,040 --> 00:22:44,919
Speaker 4: budgets when I'm playing, and you know, he knew my

510
00:22:45,080 --> 00:22:47,920
Speaker 4: goal was to get out of debt. You know, I

511
00:22:47,960 --> 00:22:50,080
Speaker 4: knew he knew I had this debt, and I'm like,

512
00:22:50,480 --> 00:22:52,800
Speaker 4: this is what we should budget for. You know, we're

513
00:22:52,840 --> 00:22:54,679
Speaker 4: playing in the wedding and I you know, I was like,

514
00:22:55,760 --> 00:22:58,000
Speaker 4: I don't think we should have a big wedding. Like

515
00:22:58,240 --> 00:23:00,719
Speaker 4: at that point, I'm like, we should just, you know,

516
00:23:00,960 --> 00:23:04,160
Speaker 4: low have something small, have something in a few years

517
00:23:04,200 --> 00:23:06,320
Speaker 4: from now, because I would rather buy a house than

518
00:23:06,359 --> 00:23:09,240
Speaker 4: have a wedding. And he was just like no, Like

519
00:23:09,880 --> 00:23:11,840
Speaker 4: you know, he's like, you know all about having a

520
00:23:11,840 --> 00:23:15,240
Speaker 4: big wedding, you know, big celebration, and at that point

521
00:23:15,320 --> 00:23:17,600
Speaker 4: I knew it wasn't gonna work. But I still tried

522
00:23:17,600 --> 00:23:20,400
Speaker 4: to make it work, but our money mindsets just continued

523
00:23:20,440 --> 00:23:23,520
Speaker 4: to differ. And I really didn't know what was going

524
00:23:23,560 --> 00:23:26,359
Speaker 4: on with him financially. I didn't know if he was

525
00:23:26,359 --> 00:23:29,320
Speaker 4: paying bills, like his personal bills on time and I'm

526
00:23:29,320 --> 00:23:32,080
Speaker 4: paying mine on time. And I eventually found out that

527
00:23:32,119 --> 00:23:35,159
Speaker 4: he wasn't, and he wasn't He wasn't honest to me,

528
00:23:35,600 --> 00:23:38,120
Speaker 4: honest with me at all about any of his finances.

529
00:23:38,440 --> 00:23:40,520
Speaker 2: That's a form of That's like that's like finding out

530
00:23:40,520 --> 00:23:43,199
Speaker 2: someone cheated on you in some ways that they have

531
00:23:43,359 --> 00:23:46,000
Speaker 2: like this, these these you know secrets. I mean, how

532
00:23:46,000 --> 00:23:46,760
Speaker 2: did you find out?

533
00:23:48,520 --> 00:23:51,560
Speaker 4: I actually found out we were living together, and I

534
00:23:51,600 --> 00:23:56,440
Speaker 4: found out through mail, and I traveled a lot from

535
00:23:56,480 --> 00:24:01,800
Speaker 4: work at the time, and I I've seen his mal

536
00:24:01,880 --> 00:24:05,679
Speaker 4: I've seen a past do amount and not only not

537
00:24:05,720 --> 00:24:09,280
Speaker 4: only that, but we lived together and he was not

538
00:24:09,359 --> 00:24:12,560
Speaker 4: paying the rent and I had no idea. And the

539
00:24:12,560 --> 00:24:16,800
Speaker 4: front office actually called me to tell me that our

540
00:24:16,840 --> 00:24:19,880
Speaker 4: rent was behind and we were about to get evicted.

541
00:24:20,440 --> 00:24:23,000
Speaker 2: Oh, so his job was to pay the rent or

542
00:24:23,040 --> 00:24:25,120
Speaker 2: you guys were or you were like giving him your

543
00:24:25,160 --> 00:24:27,160
Speaker 2: half and thinking he was paying the check.

544
00:24:28,359 --> 00:24:31,439
Speaker 4: He was paying the rent, and I was paying you know,

545
00:24:31,480 --> 00:24:34,160
Speaker 4: everything else, but the rent gotcha. That was our agreement,

546
00:24:34,840 --> 00:24:38,639
Speaker 4: you know what I mean. So I'm not thinking I

547
00:24:38,720 --> 00:24:41,280
Speaker 4: have to you know, go behind check on someone who

548
00:24:41,840 --> 00:24:44,000
Speaker 4: you know, we lived together, so I think you want

549
00:24:44,040 --> 00:24:47,840
Speaker 4: to pay that the rent. So I found out about

550
00:24:47,880 --> 00:24:50,960
Speaker 4: his past do bills first, and then probably a few

551
00:24:50,960 --> 00:24:53,040
Speaker 4: months later, I found out when I got a call

552
00:24:53,119 --> 00:24:55,639
Speaker 4: from the front office that you know, we were pretty

553
00:24:55,680 --> 00:24:59,879
Speaker 4: much about to get evicted. And that was so embarrassing.

554
00:25:01,000 --> 00:25:04,800
Speaker 4: Here I am a CPA and I did not know

555
00:25:04,880 --> 00:25:07,960
Speaker 4: that my rent wasn't being paid. You know, we lived together,

556
00:25:08,000 --> 00:25:11,040
Speaker 4: we're planning a life together, and that really was like

557
00:25:11,200 --> 00:25:12,080
Speaker 4: this is this is that?

558
00:25:13,560 --> 00:25:16,520
Speaker 1: So I had a conversation with him when you spoke

559
00:25:16,560 --> 00:25:17,440
Speaker 1: to him.

560
00:25:18,080 --> 00:25:23,560
Speaker 4: It was not good. He you know, apologized and was

561
00:25:23,600 --> 00:25:26,160
Speaker 4: telling me that, you know, things just got away from him.

562
00:25:27,240 --> 00:25:29,800
Speaker 4: He had lost his job during their engagement. He wasn't

563
00:25:29,840 --> 00:25:33,560
Speaker 4: truthful about the income that he was making when he

564
00:25:33,600 --> 00:25:36,680
Speaker 4: got a new job, and he didn't he didn't really

565
00:25:36,720 --> 00:25:38,560
Speaker 4: want to tell me how much money he was bringing in,

566
00:25:39,600 --> 00:25:44,480
Speaker 4: and so I, you know, I was irate, you know,

567
00:25:44,720 --> 00:25:46,720
Speaker 4: I was you know, I felt stupid because I'm like,

568
00:25:46,760 --> 00:25:48,560
Speaker 4: how can I not know what's going on in my

569
00:25:48,600 --> 00:25:49,080
Speaker 4: own house.

570
00:25:49,640 --> 00:25:52,160
Speaker 2: It sounds stupidity, you'd be only like so many people

571
00:25:52,160 --> 00:25:55,239
Speaker 2: are in that position, male female, is so common. Like

572
00:25:55,800 --> 00:25:59,080
Speaker 2: I mean, at a certain point you trust the other person,

573
00:25:59,119 --> 00:26:01,240
Speaker 2: or you feel like you should trust the other person.

574
00:26:02,320 --> 00:26:04,639
Speaker 2: I mean, I wouldn't I wouldn't call it stupidity. It

575
00:26:04,720 --> 00:26:08,000
Speaker 2: was really smart that when you saw those those hints

576
00:26:08,000 --> 00:26:10,440
Speaker 2: of it, like you weren't ignoring the signs, you know

577
00:26:10,480 --> 00:26:12,480
Speaker 2: what I mean, Like you saw the bills, and then

578
00:26:12,560 --> 00:26:16,240
Speaker 2: obviously the call from the landlord, like you could have

579
00:26:16,359 --> 00:26:18,919
Speaker 2: just cast that aside or given him a break or whatever.

580
00:26:18,960 --> 00:26:22,040
Speaker 2: But the fact that you, you know, were smart and

581
00:26:22,080 --> 00:26:24,080
Speaker 2: strong enough to say, this is not going to work

582
00:26:24,119 --> 00:26:25,960
Speaker 2: for me. This is not the way I want to

583
00:26:25,960 --> 00:26:27,520
Speaker 2: build a life. I mean, I think that that takes

584
00:26:27,520 --> 00:26:28,440
Speaker 2: a lot of guts.

585
00:26:28,840 --> 00:26:32,280
Speaker 3: It does, But I wouldn't get to the nitty gritty, right,

586
00:26:32,880 --> 00:26:34,760
Speaker 3: I want to know, like what what did you do?

587
00:26:34,800 --> 00:26:38,399
Speaker 3: Because I think everyone is like, wait, eighty thousand, how

588
00:26:38,640 --> 00:26:41,359
Speaker 3: how do you even begin to dig your way out?

589
00:26:41,640 --> 00:26:45,480
Speaker 4: So after any engagement, I moved out and I got

590
00:26:45,680 --> 00:26:50,480
Speaker 4: a cheap apartment, and right before hearing Michelle Sincaterio, I

591
00:26:50,600 --> 00:26:54,040
Speaker 4: was already you know, budgeting my money. But when I

592
00:26:54,080 --> 00:26:59,360
Speaker 4: heard her speak, I totally start researching lived a debt

593
00:26:59,400 --> 00:27:02,000
Speaker 4: free life, and I came across Dave Ramsey's podcast. So

594
00:27:02,040 --> 00:27:05,240
Speaker 4: this is you know, late twenty twelve, podcasts were not

595
00:27:05,280 --> 00:27:08,800
Speaker 4: really on the scene, and I heard about the debt snowball.

596
00:27:09,560 --> 00:27:12,399
Speaker 4: So I started, you know, I listed all my debts

597
00:27:12,920 --> 00:27:16,560
Speaker 4: smallest to largest, and I began paying the smallest loan

598
00:27:16,960 --> 00:27:19,920
Speaker 4: first and kind of going in that order, smallest loan,

599
00:27:19,960 --> 00:27:22,520
Speaker 4: after paying that off, going to the next loan. Prior

600
00:27:22,560 --> 00:27:26,040
Speaker 4: to hearing Michelle's secretary talk about being debt free. In

601
00:27:26,160 --> 00:27:29,480
Speaker 4: Dave Ramsey's method, I was paying focusing on paying the

602
00:27:29,520 --> 00:27:33,000
Speaker 4: highest interest rate first, and I wasn't making any headway.

603
00:27:33,720 --> 00:27:37,480
Speaker 4: But it's something mental about when you pay off a loan,

604
00:27:37,720 --> 00:27:40,560
Speaker 4: Like I literally felt like, okay, I can do this,

605
00:27:41,359 --> 00:27:47,640
Speaker 4: and so I began to work overtime. I had changed jobs, right,

606
00:27:47,840 --> 00:27:50,200
Speaker 4: you know, right at the beginning of me really starting

607
00:27:50,200 --> 00:27:54,199
Speaker 4: to really get aggressive about paying off my debt, and

608
00:27:54,280 --> 00:27:56,879
Speaker 4: there was an opportunity to work overtime, which wasn't at

609
00:27:56,920 --> 00:27:59,440
Speaker 4: my previous employer. So I worked all the overtime. I

610
00:27:59,440 --> 00:28:03,840
Speaker 4: could work, like everything, every extra dollar I could get

611
00:28:04,320 --> 00:28:05,159
Speaker 4: I put towards my.

612
00:28:05,200 --> 00:28:08,640
Speaker 2: Debt, And what was it like? What was the when

613
00:28:08,640 --> 00:28:10,960
Speaker 2: you were telling your friends and family about your journey.

614
00:28:10,960 --> 00:28:13,280
Speaker 2: What was their feedback like? Did you feel like they

615
00:28:13,280 --> 00:28:16,760
Speaker 2: were supporting you or did you feel pressure to spend

616
00:28:16,800 --> 00:28:18,600
Speaker 2: even though you didn't want, like you had your own

617
00:28:18,640 --> 00:28:19,280
Speaker 2: goals in mind.

618
00:28:21,520 --> 00:28:25,040
Speaker 4: I actually when I first started, my friends were not

619
00:28:25,160 --> 00:28:29,000
Speaker 4: really they were not supportive. They thought, you know, why

620
00:28:29,000 --> 00:28:31,679
Speaker 4: would you, you know, put all your extra money towards

621
00:28:31,680 --> 00:28:35,879
Speaker 4: paying debt? You should invest. Their mindset was if you

622
00:28:35,920 --> 00:28:38,080
Speaker 4: invest in the stock market, you can get a higher

623
00:28:38,120 --> 00:28:41,200
Speaker 4: return at higher interest rate return, and then you can

624
00:28:41,320 --> 00:28:45,280
Speaker 4: use that money to pay on your debt. And I'm like.

625
00:28:44,680 --> 00:28:48,120
Speaker 2: Saying, let's go to Vegas. You go to Vegas when

626
00:28:48,200 --> 00:28:49,479
Speaker 2: the jackpot.

627
00:28:50,600 --> 00:28:52,640
Speaker 3: You know, you just slashed the scratch off girl, I

628
00:28:52,680 --> 00:28:54,720
Speaker 3: mean I know about you scratch jobs, all right.

629
00:28:55,800 --> 00:29:00,600
Speaker 4: That's pretty much that was pretty much their process. And

630
00:29:00,640 --> 00:29:04,400
Speaker 4: I'm like, Okay, that's not what I'm gonna do. And

631
00:29:04,480 --> 00:29:06,440
Speaker 4: I it wasn't like I was telling them like, you know,

632
00:29:06,520 --> 00:29:08,520
Speaker 4: you guys should get a debt. That's not what I

633
00:29:08,560 --> 00:29:10,480
Speaker 4: was saying. I was being honest, like, no, I'm not

634
00:29:10,520 --> 00:29:12,760
Speaker 4: going to be able to go out to dinner because

635
00:29:12,760 --> 00:29:15,280
Speaker 4: I'm you know, I'm really trying to pay off my debt.

636
00:29:15,400 --> 00:29:17,600
Speaker 4: It was no secret. It was no like, oh, I'm

637
00:29:17,640 --> 00:29:20,200
Speaker 4: trying to be you know, act like I have money

638
00:29:20,200 --> 00:29:22,680
Speaker 4: and I don't. I'm like, I'm not doing it. And

639
00:29:22,760 --> 00:29:26,000
Speaker 4: so they were just like that's just stupid, Like, you know,

640
00:29:26,120 --> 00:29:29,520
Speaker 4: we're young, we should celebrate our life and this debt's

641
00:29:29,520 --> 00:29:33,320
Speaker 4: going to be here forever. Like that was their mindset. Yeah.

642
00:29:33,440 --> 00:29:34,520
Speaker 2: I wonder where they are now.

643
00:29:35,200 --> 00:29:37,080
Speaker 1: Yeah, but I was gonna I didn't want to say this, Patty.

644
00:29:37,080 --> 00:29:38,200
Speaker 1: I'm like, I'm gonna let Mandy be paid.

645
00:29:38,200 --> 00:29:42,960
Speaker 2: I was like probably calling Tasha, Tasha, I saw that

646
00:29:42,960 --> 00:29:45,160
Speaker 2: you paid off eighty thousand dollars in debt. Can we

647
00:29:45,320 --> 00:29:46,360
Speaker 2: can we get this tapping.

648
00:29:46,200 --> 00:29:48,480
Speaker 4: Out on the phone, let me hold something?

649
00:29:49,320 --> 00:29:51,480
Speaker 2: Well, what I mean, Like, it's hard when you I

650
00:29:51,480 --> 00:29:54,040
Speaker 2: mean social media alone, Like when you're trying to focus

651
00:29:54,040 --> 00:29:56,160
Speaker 2: on paying off your debt and then you see people

652
00:29:56,160 --> 00:29:58,800
Speaker 2: on Instagram on vacations and you're in your twenties. I

653
00:29:58,800 --> 00:30:00,320
Speaker 2: mean I was in my twenties paid. I think we

654
00:30:00,360 --> 00:30:02,480
Speaker 2: all were in our twenties early thirties paying off debt.

655
00:30:02,560 --> 00:30:05,240
Speaker 2: Like it's hard to stay on track when there's so

656
00:30:05,320 --> 00:30:08,120
Speaker 2: many signals saying you should be doing other things and

657
00:30:08,240 --> 00:30:10,760
Speaker 2: enjoying life. You said you also had like a special

658
00:30:10,760 --> 00:30:12,880
Speaker 2: way of rewarding yourself. Can you talk about that?

659
00:30:14,000 --> 00:30:14,240
Speaker 1: Yep.

660
00:30:14,360 --> 00:30:19,800
Speaker 4: So after I paid off alone a too long balance

661
00:30:20,040 --> 00:30:23,160
Speaker 4: or whatever it was, I would we'll ward myself by

662
00:30:23,200 --> 00:30:26,920
Speaker 4: going out of town. Not a lavish trip, but a

663
00:30:26,920 --> 00:30:29,040
Speaker 4: lot of my friends did start to move out of

664
00:30:29,080 --> 00:30:32,120
Speaker 4: state after college, and so I would go visit a

665
00:30:32,160 --> 00:30:35,160
Speaker 4: friend that lives in Florida. So I would find a

666
00:30:35,240 --> 00:30:38,000
Speaker 4: cheap flight, go stay with her for a few days,

667
00:30:38,040 --> 00:30:39,760
Speaker 4: and we would go out, have a good time. But

668
00:30:39,840 --> 00:30:42,200
Speaker 4: our meals were cooked. We were cooking our meals at

669
00:30:42,200 --> 00:30:45,120
Speaker 4: her house, you know what I mean. We would go out,

670
00:30:45,200 --> 00:30:48,280
Speaker 4: you know, once a day. But I was very still

671
00:30:48,400 --> 00:30:51,120
Speaker 4: much on my budget being out of state. But that's

672
00:30:51,120 --> 00:30:54,000
Speaker 4: how I rewarded myself. I would find a flight deal,

673
00:30:54,240 --> 00:30:56,680
Speaker 4: or I would drive to see my friends. I love

674
00:30:56,800 --> 00:30:59,200
Speaker 4: taking a road trip and putting on a good playlist

675
00:31:00,160 --> 00:31:03,040
Speaker 4: friends in Atlanta and Philly. I would just get in

676
00:31:03,080 --> 00:31:05,760
Speaker 4: my car and drive f neebe if I couldn't find

677
00:31:05,760 --> 00:31:08,720
Speaker 4: a deal. And that's how I rewarded myself from paying

678
00:31:08,720 --> 00:31:10,080
Speaker 4: off fuit long balance.

679
00:31:10,440 --> 00:31:10,880
Speaker 1: I love it.

680
00:31:12,200 --> 00:31:14,680
Speaker 2: That's smart, and it's also an experience versus like getting

681
00:31:14,680 --> 00:31:17,920
Speaker 2: a new dress that's just gonna hang in the closet exactly.

682
00:31:18,160 --> 00:31:20,800
Speaker 3: So to be clear, So one, you know you had

683
00:31:20,800 --> 00:31:25,280
Speaker 3: this that you said. One you acknowledged it too. You

684
00:31:25,280 --> 00:31:29,880
Speaker 3: you decided to stop digging, like to stop overspending and

685
00:31:29,920 --> 00:31:33,720
Speaker 3: actually reduce your expenses. And then three you created a plan,

686
00:31:33,760 --> 00:31:37,120
Speaker 3: which is the snowball effect. And four you basically worked

687
00:31:37,160 --> 00:31:40,320
Speaker 3: the plan and and and expedited the plan where you

688
00:31:40,360 --> 00:31:42,600
Speaker 3: could by making extra money and throwing more money towards

689
00:31:42,600 --> 00:31:42,880
Speaker 3: the debt.

690
00:31:43,000 --> 00:31:44,400
Speaker 1: Is that right, Yes?

691
00:31:44,480 --> 00:31:49,200
Speaker 4: And one last thing I did forget. I went completely cash,

692
00:31:49,240 --> 00:31:52,280
Speaker 4: so I was I had the cash envelope, so that

693
00:31:52,280 --> 00:31:56,719
Speaker 4: that was key. I cut up my credit cards. It

694
00:31:56,760 --> 00:32:00,520
Speaker 4: was hard for me to cut up my maid like

695
00:32:00,560 --> 00:32:03,360
Speaker 4: I would use as an emergency, not I need to

696
00:32:03,360 --> 00:32:07,000
Speaker 4: buy clothes emergency. But like when I was in college,

697
00:32:07,000 --> 00:32:09,680
Speaker 4: everything was on me. So if I had a car breakdown,

698
00:32:09,720 --> 00:32:11,480
Speaker 4: I had to figure out how to pay for it.

699
00:32:11,520 --> 00:32:15,360
Speaker 4: So my credit cards became my you know, my saving's

700
00:32:15,360 --> 00:32:18,160
Speaker 4: account kind of and that's not a good way to

701
00:32:18,200 --> 00:32:21,640
Speaker 4: do it at all. But I cut up every auto

702
00:32:21,640 --> 00:32:24,160
Speaker 4: credit card, and I stopped using my debit card. I

703
00:32:24,240 --> 00:32:27,560
Speaker 4: literally had regular envelopes that I wrote gas money for

704
00:32:27,600 --> 00:32:33,080
Speaker 4: the weekend, entertainment for the weekend, gas for work, groceries, like,

705
00:32:33,120 --> 00:32:35,400
Speaker 4: I literally had an envelope for how it was spending,

706
00:32:35,720 --> 00:32:38,440
Speaker 4: so there was no wiggle room on overspending.

707
00:32:39,760 --> 00:32:41,640
Speaker 2: That's impressive to keep that up for so long.

708
00:32:43,120 --> 00:32:45,400
Speaker 4: Yes, and you know it's funny. I actually just found

709
00:32:45,400 --> 00:32:46,560
Speaker 4: those envelopes.

710
00:32:46,640 --> 00:32:47,000
Speaker 2: Did you.

711
00:32:47,760 --> 00:32:50,920
Speaker 4: So you're off the envelope system now, But yeah, that

712
00:32:51,160 --> 00:32:53,600
Speaker 4: you really have to be disciplined to do that.

713
00:32:54,600 --> 00:32:57,280
Speaker 2: Well, yeah, I mean it wasn't just your student loans.

714
00:32:57,280 --> 00:32:58,880
Speaker 2: You also had that car that you were paying off

715
00:32:58,880 --> 00:33:01,880
Speaker 2: the credit cards. When did you you finally became debt

716
00:33:01,880 --> 00:33:03,160
Speaker 2: free last February?

717
00:33:03,240 --> 00:33:03,400
Speaker 4: Was it?

718
00:33:03,600 --> 00:33:04,880
Speaker 2: Or February twenty sixteen?

719
00:33:04,960 --> 00:33:07,200
Speaker 4: Right, yeah, February twenty sixteen.

720
00:33:07,520 --> 00:33:09,400
Speaker 2: But you didn't reach out to us till now, what

721
00:33:09,560 --> 00:33:10,960
Speaker 2: was it? We talked about this a little bit. I

722
00:33:10,960 --> 00:33:12,320
Speaker 2: want you to I want to hear that. I want

723
00:33:12,360 --> 00:33:13,720
Speaker 2: you I want them to hear this side of the

724
00:33:13,720 --> 00:33:15,840
Speaker 2: story because I think this is interesting talk about why,

725
00:33:16,360 --> 00:33:18,320
Speaker 2: you know, what how you felt when you were debt

726
00:33:18,360 --> 00:33:21,080
Speaker 2: free about sharing your story.

727
00:33:21,160 --> 00:33:24,040
Speaker 4: I you know what, I just didn't think it was

728
00:33:24,120 --> 00:33:25,840
Speaker 4: that big of a deal. I'm kind of, you know,

729
00:33:25,920 --> 00:33:28,480
Speaker 4: I'm an introvert. I'm kind of like, you know, keep

730
00:33:28,480 --> 00:33:29,360
Speaker 4: things to myself.

731
00:33:29,760 --> 00:33:29,959
Speaker 1: You know.

732
00:33:30,000 --> 00:33:32,160
Speaker 4: I did share on Facebook that I paid off my debt,

733
00:33:32,200 --> 00:33:35,680
Speaker 4: but that was it. I don't, you know, tell everyone like, oh,

734
00:33:35,920 --> 00:33:38,080
Speaker 4: I paid off all my debt and it's all all that.

735
00:33:38,680 --> 00:33:41,640
Speaker 4: And my friend was just like, you have an amazing story.

736
00:33:42,000 --> 00:33:45,960
Speaker 4: And it's not normal that people pay off all their

737
00:33:46,000 --> 00:33:48,600
Speaker 4: you know, paid off all their debt, especially before thirty,

738
00:33:48,800 --> 00:33:51,640
Speaker 4: you know what I mean. And so the last couple

739
00:33:51,680 --> 00:33:56,160
Speaker 4: of years, like with working, being out and about and volunteering,

740
00:33:56,280 --> 00:33:58,520
Speaker 4: I do share my story here and there, and people

741
00:33:58,640 --> 00:34:01,680
Speaker 4: are really inspired by it. So I'm starting to own

742
00:34:01,720 --> 00:34:04,760
Speaker 4: it now and really celebrate it.

743
00:34:05,440 --> 00:34:06,680
Speaker 2: You should, you're a unicorn.

744
00:34:07,320 --> 00:34:11,520
Speaker 3: Yeah, people are not debt free at thirty.

745
00:34:11,560 --> 00:34:13,560
Speaker 1: I think there's always something.

746
00:34:13,560 --> 00:34:16,560
Speaker 3: It's a car note or a mortgage or you know

747
00:34:16,719 --> 00:34:19,040
Speaker 3: more in city is a credit card or store cards

748
00:34:19,200 --> 00:34:23,080
Speaker 3: or private loans or whatever. But yeah, to not have

749
00:34:23,200 --> 00:34:26,680
Speaker 3: I'm like, debt free, huh, what is that? I mean,

750
00:34:26,760 --> 00:34:29,319
Speaker 3: I'm here now, but I never thought, you know, I

751
00:34:29,320 --> 00:34:31,720
Speaker 3: don't think I think most people think that they will

752
00:34:31,760 --> 00:34:35,520
Speaker 3: always have debt in some shape that is normal.

753
00:34:36,440 --> 00:34:38,040
Speaker 2: Like they'll say they're debt free, but they may have

754
00:34:38,080 --> 00:34:40,120
Speaker 2: a mortgage and a car note. But it's like people

755
00:34:40,120 --> 00:34:42,680
Speaker 2: don't think about its debt even though it is. Yeah,

756
00:34:42,880 --> 00:34:44,920
Speaker 2: and now you're not just debt free, you also you

757
00:34:45,000 --> 00:34:46,960
Speaker 2: launched this business. I mean, I want to tell us

758
00:34:47,000 --> 00:34:50,600
Speaker 2: about Financial Garden and bringing that message to public schools

759
00:34:50,600 --> 00:34:52,960
Speaker 2: in Detroit, which is so it's just so such an

760
00:34:52,960 --> 00:34:54,720
Speaker 2: amazing way to pay it forward.

761
00:34:55,640 --> 00:34:55,879
Speaker 1: Yep.

762
00:34:55,960 --> 00:34:58,840
Speaker 4: So during the journey of paying off my debt, I

763
00:34:58,880 --> 00:35:02,040
Speaker 4: will say I did find a circle of people that

764
00:35:02,680 --> 00:35:04,960
Speaker 4: were like minded. You know, when you're in this journey,

765
00:35:05,000 --> 00:35:08,400
Speaker 4: you feel alone. So changing my mindset by saying motivated

766
00:35:08,400 --> 00:35:12,640
Speaker 4: with podcasts. And I also did find people other women

767
00:35:12,719 --> 00:35:14,600
Speaker 4: in my church who were kind of on that same journey.

768
00:35:15,120 --> 00:35:17,799
Speaker 4: And I was explaining to them, like how important it

769
00:35:17,960 --> 00:35:22,000
Speaker 4: was for people to know like basic financial literacy. And

770
00:35:22,120 --> 00:35:25,319
Speaker 4: I do volunteer a lot in the community. And I

771
00:35:25,360 --> 00:35:28,520
Speaker 4: was complaining about a student like not knowing how to

772
00:35:28,600 --> 00:35:30,760
Speaker 4: open a check and account and I was just venting,

773
00:35:31,160 --> 00:35:32,719
Speaker 4: and my friend was just like, we'll do something to

774
00:35:32,800 --> 00:35:36,920
Speaker 4: change it. And I was like, I didn't have a

775
00:35:37,200 --> 00:35:40,720
Speaker 4: I didn't have a response, and so long story short,

776
00:35:40,840 --> 00:35:45,160
Speaker 4: I eventually decided to figure out a way to change it,

777
00:35:45,200 --> 00:35:48,200
Speaker 4: and I you know, looked up national standards and wrote

778
00:35:48,200 --> 00:35:52,400
Speaker 4: out curriculum, volunteered for a year the curriculum that I created,

779
00:35:53,040 --> 00:35:58,759
Speaker 4: and went into a school like and just started doing it.

780
00:35:59,280 --> 00:36:03,200
Speaker 4: I reached out to my mom actually works with schools,

781
00:36:03,760 --> 00:36:06,400
Speaker 4: and I reached out to the administrator and pushed my plan.

782
00:36:06,560 --> 00:36:08,200
Speaker 4: I was volunteering. I'm like, I just want to see

783
00:36:08,200 --> 00:36:10,520
Speaker 4: if it's going to work, if it's gonna stick. You know,

784
00:36:10,680 --> 00:36:13,400
Speaker 4: this is like my passion. I like working with kids,

785
00:36:13,440 --> 00:36:17,520
Speaker 4: and you know, I like talking about finances. I actually

786
00:36:17,560 --> 00:36:21,400
Speaker 4: double majored in psychology and I was focusing on cognitive development.

787
00:36:21,760 --> 00:36:23,480
Speaker 4: So it was kind of like come a full circle

788
00:36:24,160 --> 00:36:27,480
Speaker 4: with you know, a passion in mine. And they were like, sure,

789
00:36:27,640 --> 00:36:29,719
Speaker 4: you know you want to volunteer time to do this.

790
00:36:29,840 --> 00:36:30,319
Speaker 2: We love it.

791
00:36:30,719 --> 00:36:33,399
Speaker 4: So I, you know, I trial and err for a year,

792
00:36:34,560 --> 00:36:38,480
Speaker 4: getting getting feedback from educators, and the parents loved it,

793
00:36:38,520 --> 00:36:41,200
Speaker 4: the kids loved it, and so I made different tweaks

794
00:36:41,239 --> 00:36:43,840
Speaker 4: and I formally founded the company in twenty fourteen.

795
00:36:45,000 --> 00:36:45,720
Speaker 1: That's awesome.

796
00:36:46,120 --> 00:36:47,520
Speaker 2: What are some of the things you talk about with

797
00:36:47,520 --> 00:36:49,080
Speaker 2: the kids, because I would be like, that's a I'm

798
00:36:49,160 --> 00:36:52,840
Speaker 2: terrified of kids, especially teenagers, like that's a tough crowd.

799
00:36:53,480 --> 00:36:55,239
Speaker 2: I wait for them to come to me, and then

800
00:36:55,280 --> 00:36:57,000
Speaker 2: if they do, I'm like, how do I not scare

801
00:36:57,040 --> 00:36:59,280
Speaker 2: them away? How do I not? Am I cool?

802
00:36:59,360 --> 00:36:59,440
Speaker 3: Like?

803
00:36:59,480 --> 00:36:59,960
Speaker 2: Whatever? I mean?

804
00:37:00,160 --> 00:37:00,239
Speaker 1: What?

805
00:37:00,480 --> 00:37:00,640
Speaker 4: Yeah?

806
00:37:00,680 --> 00:37:00,920
Speaker 1: Tell me?

807
00:37:01,040 --> 00:37:02,560
Speaker 2: Tell me how what's your what's your trick? How do

808
00:37:02,600 --> 00:37:03,640
Speaker 2: you keep the kids engaged?

809
00:37:05,280 --> 00:37:08,480
Speaker 4: Well, first, I just naturally love working with kids. It's

810
00:37:09,440 --> 00:37:10,799
Speaker 4: you do have to have a gift for it. I

811
00:37:10,800 --> 00:37:13,759
Speaker 4: think get it from my mom and my grandma. But

812
00:37:14,480 --> 00:37:19,400
Speaker 4: I create games for them. So the six are I

813
00:37:19,440 --> 00:37:22,440
Speaker 4: have six areas of focus with the students, teaching them

814
00:37:22,440 --> 00:37:28,719
Speaker 4: about entrepreneurship, budgeting, deb concepts, investing concepts, about how banks work,

815
00:37:29,160 --> 00:37:32,120
Speaker 4: and the main thing is emotions and money. So they

816
00:37:32,200 --> 00:37:36,319
Speaker 4: have they can earn fake money from me and make

817
00:37:36,360 --> 00:37:40,840
Speaker 4: purchases from me, and so we talk about every lesson

818
00:37:41,520 --> 00:37:45,200
Speaker 4: how they're spending their financial guarden dollars in the in

819
00:37:45,239 --> 00:37:50,080
Speaker 4: the session. So they're rewarded by answering questions correctly through

820
00:37:50,080 --> 00:37:54,480
Speaker 4: our games through videos, and they have the option to

821
00:37:54,800 --> 00:37:57,239
Speaker 4: you know, get prizes at the end. They have to

822
00:37:57,239 --> 00:37:59,160
Speaker 4: save up to get these prizes or they can get

823
00:37:59,200 --> 00:38:02,960
Speaker 4: on that day, but they're able to make their own

824
00:38:03,040 --> 00:38:06,760
Speaker 4: decisions on how to spend their money.

825
00:38:08,080 --> 00:38:10,239
Speaker 2: And you see the kids, You see them, so it's

826
00:38:10,280 --> 00:38:12,080
Speaker 2: not just like you're doing one session and leading like

827
00:38:12,080 --> 00:38:14,520
Speaker 2: you actually work with the kids again and again, the

828
00:38:14,560 --> 00:38:15,360
Speaker 2: same kids.

829
00:38:15,880 --> 00:38:20,600
Speaker 4: Yeah, so I like this school year, I've been in

830
00:38:20,640 --> 00:38:23,440
Speaker 4: two schools for the entire school year. So the schools

831
00:38:23,480 --> 00:38:26,239
Speaker 4: can you know, the different nonprofits that I've partner with,

832
00:38:26,320 --> 00:38:29,879
Speaker 4: they can decide to have me in for a few

833
00:38:29,920 --> 00:38:33,080
Speaker 4: sessions or the whole school year. It just really depends

834
00:38:33,120 --> 00:38:35,480
Speaker 4: on what works best for them. But I do have

835
00:38:35,560 --> 00:38:37,759
Speaker 4: curriculum to go through the whole school year and so

836
00:38:39,000 --> 00:38:42,240
Speaker 4: you can really see the progress. So educators can see

837
00:38:42,600 --> 00:38:45,840
Speaker 4: there's kids progress throughout the year and how they've grown.

838
00:38:46,080 --> 00:38:48,839
Speaker 4: So you know, there's stuff in place to see if

839
00:38:48,840 --> 00:38:50,879
Speaker 4: this stuff is really sticking with the kids and if

840
00:38:50,880 --> 00:38:52,359
Speaker 4: it's really having an effect on them.

841
00:38:53,320 --> 00:38:55,680
Speaker 2: I know you mentioned that psychology and money is so

842
00:38:55,719 --> 00:38:59,799
Speaker 2: important to you literally study psychology and economics, right, Yes,

843
00:39:00,320 --> 00:39:03,160
Speaker 2: So talk to me about the mindsets. I mean, what

844
00:39:03,200 --> 00:39:08,200
Speaker 2: are some of the the interesting emotions behind family finances

845
00:39:08,200 --> 00:39:10,920
Speaker 2: that you've encountered through your work working with kids with.

846
00:39:10,760 --> 00:39:14,080
Speaker 4: The parents, they're The common thing with the parents is

847
00:39:14,120 --> 00:39:18,120
Speaker 4: they don't they're embarrassed about their financial situation. So my

848
00:39:18,520 --> 00:39:22,320
Speaker 4: I primarily work with schools in the inner city in

849
00:39:22,680 --> 00:39:27,360
Speaker 4: Detroit and surrounding inner cities, and so their low income families,

850
00:39:27,440 --> 00:39:30,520
Speaker 4: and so they're like, you know, I don't even have enough,

851
00:39:30,560 --> 00:39:32,440
Speaker 4: So how am I going to teach my kids about

852
00:39:32,480 --> 00:39:35,359
Speaker 4: earning money when we're just trying to make it? And

853
00:39:35,400 --> 00:39:38,360
Speaker 4: I and I relate to that. I'm my mom was

854
00:39:38,440 --> 00:39:41,200
Speaker 4: sekle mom grew up in Section eight housing, so I

855
00:39:41,280 --> 00:39:43,880
Speaker 4: definitely relate to that. And I explained to them how

856
00:39:43,920 --> 00:39:46,480
Speaker 4: they can do it. You know, if you if you're

857
00:39:46,600 --> 00:39:49,760
Speaker 4: working and you're getting money coming in, you're you're paying bills,

858
00:39:49,800 --> 00:39:54,280
Speaker 4: you know, start having those conversations early. Don't scare them about,

859
00:39:54,480 --> 00:39:56,480
Speaker 4: you know, what's going on, but when you're making a

860
00:39:56,480 --> 00:39:59,520
Speaker 4: trip to the bank, explain you know this. You know,

861
00:39:59,600 --> 00:40:01,160
Speaker 4: I go in here to take money in and out

862
00:40:01,200 --> 00:40:05,720
Speaker 4: withdrawal deposit, just different terms. Also another factor with appearance

863
00:40:05,800 --> 00:40:07,960
Speaker 4: is they may not do basic stuff like baking may

864
00:40:08,040 --> 00:40:10,840
Speaker 4: or they're all cash. So just teaching them different ways

865
00:40:10,880 --> 00:40:14,480
Speaker 4: to have a conversation is what holds them back because

866
00:40:14,480 --> 00:40:16,520
Speaker 4: they feel like they're just they don't know enough.

867
00:40:16,680 --> 00:40:19,239
Speaker 3: And I love you that you took your experience and

868
00:40:19,280 --> 00:40:21,480
Speaker 3: you created something to help other people as they go

869
00:40:21,560 --> 00:40:23,160
Speaker 3: through their experiences.

870
00:40:23,960 --> 00:40:25,600
Speaker 4: Yes, that's what I love to do.

871
00:40:26,000 --> 00:40:28,280
Speaker 2: And I said, you guys didn't have enough in common already.

872
00:40:28,400 --> 00:40:36,440
Speaker 3: I know I'm not birthday first name right, because I'm like, yo,

873
00:40:36,560 --> 00:40:37,640
Speaker 3: listening to your story, I'm like.

874
00:40:37,600 --> 00:40:39,080
Speaker 4: Oh my god, this is my.

875
00:40:41,000 --> 00:40:42,120
Speaker 2: Are you guys coming.

876
00:40:42,640 --> 00:40:44,480
Speaker 1: Get step by step everything you're saying you like?

877
00:40:44,719 --> 00:40:47,000
Speaker 3: And then this happened, and then my engagement broke off,

878
00:40:47,040 --> 00:40:49,480
Speaker 3: so we were like not really engaged, like I got

879
00:40:49,480 --> 00:40:51,239
Speaker 3: a ring, but he was like, we're gonna get married girl,

880
00:40:51,560 --> 00:40:51,680
Speaker 3: and it.

881
00:40:51,719 --> 00:40:52,359
Speaker 1: Didn't work out.

882
00:40:52,440 --> 00:40:54,239
Speaker 3: Like everything along the way, I'm like, oh my god.

883
00:40:54,280 --> 00:40:56,560
Speaker 3: And then all that dead and then digging my way

884
00:40:56,560 --> 00:40:59,919
Speaker 3: out and it's just you sound. And then the fact

885
00:41:00,040 --> 00:41:02,359
Speaker 3: that like you sound exactly like somebody my dad would raise.

886
00:41:02,400 --> 00:41:02,680
Speaker 1: I'm like.

887
00:41:05,840 --> 00:41:07,840
Speaker 3: And I'm like, yeah, I'm just sitting in all like,

888
00:41:07,880 --> 00:41:10,240
Speaker 3: who is this girl? It's just me.

889
00:41:11,320 --> 00:41:13,799
Speaker 1: But you were much faster. You learned the lesson much

890
00:41:13,840 --> 00:41:15,640
Speaker 1: faster than I did. So have kudos to you.

891
00:41:16,160 --> 00:41:16,640
Speaker 4: Thank you.

892
00:41:17,040 --> 00:41:20,840
Speaker 3: I love that you know that you really have created

893
00:41:20,920 --> 00:41:24,160
Speaker 3: this I don't know this movement from your from what

894
00:41:24,280 --> 00:41:26,400
Speaker 3: happened to you, and you've made it amazing, you know,

895
00:41:26,840 --> 00:41:28,880
Speaker 3: do you ever look back and are you like grateful?

896
00:41:28,960 --> 00:41:30,720
Speaker 1: Like you know, I'm actually glad all of this happened

897
00:41:30,719 --> 00:41:30,920
Speaker 1: to me.

898
00:41:31,480 --> 00:41:35,120
Speaker 4: I am, like I am, I really. I don't know

899
00:41:35,120 --> 00:41:36,960
Speaker 4: if it's when I turned thirty I had a full

900
00:41:36,960 --> 00:41:40,400
Speaker 4: circle moment, but I just feel like everything happened for

901
00:41:40,440 --> 00:41:40,880
Speaker 4: a reason.

902
00:41:41,400 --> 00:41:41,840
Speaker 2: Uh.

903
00:41:42,120 --> 00:41:45,840
Speaker 4: My grandmother really taught me everything I know about money basics,

904
00:41:45,880 --> 00:41:47,759
Speaker 4: and she kind of instilled that in me as a kid,

905
00:41:48,440 --> 00:41:51,600
Speaker 4: and I struggled growing up, and I'm grateful for knowing

906
00:41:51,600 --> 00:41:53,200
Speaker 4: how to make a dollar stretch. That's why I was

907
00:41:53,239 --> 00:41:56,440
Speaker 4: able to make the cash envelopes last because I knew

908
00:41:57,160 --> 00:41:59,319
Speaker 4: from growing up, Okay, this is what you have to do.

909
00:41:59,360 --> 00:42:01,680
Speaker 4: We only have this amount of money. So everything happened

910
00:42:01,680 --> 00:42:02,560
Speaker 4: for me for a reason.

911
00:42:04,040 --> 00:42:05,719
Speaker 2: Well, thank you so much for sharing your story, and

912
00:42:05,760 --> 00:42:08,319
Speaker 2: I hope that it's out there people know about it now.

913
00:42:09,160 --> 00:42:11,319
Speaker 2: Keep sharing it because we need to hear it, you know.

914
00:42:11,440 --> 00:42:13,640
Speaker 2: And the fact that you are you're not just you're

915
00:42:13,680 --> 00:42:16,400
Speaker 2: sharing your story, but you're also doing the work in

916
00:42:16,440 --> 00:42:19,160
Speaker 2: your own community, like in your own backyard to help

917
00:42:19,200 --> 00:42:22,120
Speaker 2: people the same, you know, to help people have the

918
00:42:22,160 --> 00:42:24,080
Speaker 2: resources that maybe you wish you had when you were

919
00:42:24,080 --> 00:42:27,480
Speaker 2: starting your debt freedom journey is fantastic, and I just

920
00:42:27,480 --> 00:42:31,200
Speaker 2: want to thank you for listening, for sending us that message,

921
00:42:31,239 --> 00:42:33,640
Speaker 2: and for doing what you're doing, because it's really inspirational.

922
00:42:34,280 --> 00:42:35,120
Speaker 1: Yeah, when I come.

923
00:42:35,000 --> 00:42:39,719
Speaker 4: To the d you know how to show Yeah, definitely, definitely, definitely.

924
00:42:47,600 --> 00:42:49,399
Speaker 2: Yeah, let's do some wins. You know, we just heard

925
00:42:49,480 --> 00:42:54,160
Speaker 2: from Tasha Danielle her inspirational story. Yeah, my win for

926
00:42:54,280 --> 00:42:57,080
Speaker 2: today is going to be, well, okay, two wins. One.

927
00:42:57,120 --> 00:42:59,279
Speaker 2: I got to give a win to my accountant, Paul,

928
00:42:59,400 --> 00:43:01,440
Speaker 2: you know who you are, Paul, who I found on

929
00:43:01,520 --> 00:43:05,000
Speaker 2: Yelp like four or five years ago. It was a gamble,

930
00:43:05,000 --> 00:43:07,480
Speaker 2: but he's been amazing. He saved me nine hundred dollars

931
00:43:07,920 --> 00:43:10,839
Speaker 2: that New York State asked me for. Said I owed

932
00:43:10,880 --> 00:43:14,080
Speaker 2: them from twenty fourteen. You know you get those you know,

933
00:43:14,160 --> 00:43:16,719
Speaker 2: the irs basically has three years to come for you

934
00:43:17,239 --> 00:43:20,000
Speaker 2: if you owe them money, right, so of course this

935
00:43:20,080 --> 00:43:22,480
Speaker 2: is tax. You're twenty seventeen, so the deadline is approaching

936
00:43:22,480 --> 00:43:24,360
Speaker 2: for them to come get money from people who owe

937
00:43:24,800 --> 00:43:26,400
Speaker 2: So I got a letter from them this is like

938
00:43:26,440 --> 00:43:28,719
Speaker 2: way back in January saying that I owed like nine

939
00:43:28,800 --> 00:43:32,719
Speaker 2: hundred something dollars from my twenty fourteen taxes, And of

940
00:43:32,760 --> 00:43:35,560
Speaker 2: course I have no idea what happened. You know, twenty fourteen,

941
00:43:36,000 --> 00:43:39,480
Speaker 2: I didn't have my accountant yet, and I didn't really

942
00:43:39,560 --> 00:43:41,480
Speaker 2: know where my what my situation was, like I had

943
00:43:41,520 --> 00:43:44,000
Speaker 2: used Turbo tax or something like that. But all I

944
00:43:44,040 --> 00:43:46,840
Speaker 2: did was reach out to Paul and I gave him

945
00:43:46,960 --> 00:43:49,040
Speaker 2: you can go to IRS dot gov and create an

946
00:43:49,040 --> 00:43:51,560
Speaker 2: IRS account. Little did I know, if you do that,

947
00:43:51,680 --> 00:43:55,440
Speaker 2: you have every every tax return you've ever filed, all

948
00:43:55,520 --> 00:43:58,200
Speaker 2: the information, your entire tax history is there for you.

949
00:43:58,280 --> 00:44:00,440
Speaker 2: So all I had to do was give Paul that

950
00:44:00,640 --> 00:44:02,879
Speaker 2: access to that page, and he was able to go

951
00:44:03,320 --> 00:44:06,600
Speaker 2: and submit a what do you call it, not a complaint,

952
00:44:06,600 --> 00:44:09,800
Speaker 2: but a dispute with the IRS over that nine hundred

953
00:44:09,760 --> 00:44:12,520
Speaker 2: dollars tax bill. And a couple of weeks later I

954
00:44:12,560 --> 00:44:15,080
Speaker 2: got another letter saying that the tax bill has been

955
00:44:15,160 --> 00:44:18,800
Speaker 2: forgiven or not forgiven, but amended, and that I actually

956
00:44:18,880 --> 00:44:21,000
Speaker 2: didn't owe that nine hundred dollars and it was a

957
00:44:21,040 --> 00:44:22,399
Speaker 2: mistake on their end.

958
00:44:23,200 --> 00:44:25,120
Speaker 3: Yeah, they think they're so slate, because I'm not going

959
00:44:25,160 --> 00:44:27,360
Speaker 3: to lie the last couple of months, I've been getting

960
00:44:27,400 --> 00:44:30,800
Speaker 3: like they've been low. So I was like, my account

961
00:44:30,800 --> 00:44:33,320
Speaker 3: was like, honestly, you can sit on the phone for

962
00:44:33,480 --> 00:44:36,080
Speaker 3: three hours or whatever or because it literally it's been

963
00:44:36,120 --> 00:44:37,800
Speaker 3: like the last one they said it was five dollars

964
00:44:37,840 --> 00:44:40,160
Speaker 3: and four cents. He was like, I mean, you can

965
00:44:40,239 --> 00:44:42,520
Speaker 3: find activity. But I was like, I'm just gonna pay

966
00:44:42,520 --> 00:44:43,160
Speaker 3: the five dollars.

967
00:44:43,719 --> 00:44:44,320
Speaker 2: Five dollars.

968
00:44:44,320 --> 00:44:46,919
Speaker 3: Well, but you know, but I've been getting them because

969
00:44:46,920 --> 00:44:49,640
Speaker 3: one was like ten dollars, ano there was twenty. Literally

970
00:44:49,680 --> 00:44:51,680
Speaker 3: they would say this is from like you said, they

971
00:44:51,680 --> 00:44:53,840
Speaker 3: have three years, so they've been going back. This is

972
00:44:53,880 --> 00:44:56,960
Speaker 3: from twenty and sixteen. This is from twenty to fifteen,

973
00:44:57,760 --> 00:44:59,600
Speaker 3: but the amounts have all been fairly low.

974
00:44:59,640 --> 00:45:01,480
Speaker 1: So I didn't write them, but I've been.

975
00:45:01,440 --> 00:45:04,400
Speaker 3: Very annoyed, like why are you going back, like in

976
00:45:04,440 --> 00:45:06,560
Speaker 3: saying I owe you five dollars, This is ridiculous, Like

977
00:45:07,080 --> 00:45:10,359
Speaker 3: I'll give you five dollars, but say my business.

978
00:45:10,080 --> 00:45:12,600
Speaker 2: And I doubt that there's probably even humans anymore. I

979
00:45:12,640 --> 00:45:14,839
Speaker 2: mean they have cut IRS funding to the point where

980
00:45:14,840 --> 00:45:16,520
Speaker 2: it's hard to get a human on the phone when

981
00:45:16,560 --> 00:45:18,879
Speaker 2: you call. So it's like they have these computers doing

982
00:45:18,880 --> 00:45:20,480
Speaker 2: the mass So if you get a bill like that,

983
00:45:20,520 --> 00:45:22,560
Speaker 2: I mean it's really jarring. I mean nine hundred dollars.

984
00:45:22,600 --> 00:45:25,560
Speaker 2: For some people that is that's like their income for

985
00:45:25,640 --> 00:45:28,439
Speaker 2: the month. I mean, that's a big deal. So you don't,

986
00:45:28,480 --> 00:45:30,600
Speaker 2: I mean, take a deep breath and then see who

987
00:45:30,600 --> 00:45:33,480
Speaker 2: can help you. I mean, my accountant only charged like,

988
00:45:33,760 --> 00:45:36,200
Speaker 2: I mean, all together to do my husband's and my taxes.

989
00:45:36,239 --> 00:45:39,440
Speaker 2: It was three hundred and fifty dollars, including that, you know,

990
00:45:39,520 --> 00:45:41,880
Speaker 2: following a dispute for me to the irs, which I

991
00:45:41,920 --> 00:45:44,360
Speaker 2: think was a great deal. Before when I was single,

992
00:45:44,400 --> 00:45:47,040
Speaker 2: it was one hundred and fifty dollars. So that's actually

993
00:45:47,160 --> 00:45:49,120
Speaker 2: less than I think some like H and R. Block

994
00:45:49,400 --> 00:45:51,360
Speaker 2: or Jackson Hewitt might charge you when you walk in

995
00:45:51,400 --> 00:45:55,160
Speaker 2: off the street. So just by finding like an independent

996
00:45:55,320 --> 00:45:59,759
Speaker 2: tax preparer in your area who's well reviewed on whatever sites,

997
00:45:59,800 --> 00:46:02,800
Speaker 2: are recommended by someone, get a referral from someone is

998
00:46:02,840 --> 00:46:06,440
Speaker 2: even better. Just you know, to spend a little bit

999
00:46:06,440 --> 00:46:08,040
Speaker 2: of money to save a lot of bit of money

1000
00:46:08,440 --> 00:46:11,200
Speaker 2: makes sense. So I think he's worth every penny. Thanks Paul.

1001
00:46:12,560 --> 00:46:15,440
Speaker 3: Since we're doing accountants, you know what, I'm gonna do

1002
00:46:15,520 --> 00:46:16,040
Speaker 3: a win for.

1003
00:46:16,040 --> 00:46:19,640
Speaker 1: Carlos, my accountant who's been my accountant for for like

1004
00:46:19,719 --> 00:46:20,600
Speaker 1: a super long time.

1005
00:46:21,120 --> 00:46:24,800
Speaker 3: What I love most about Carlos is my sister started

1006
00:46:24,880 --> 00:46:27,960
Speaker 3: using him when she got I think she got like

1007
00:46:28,040 --> 00:46:30,200
Speaker 3: shares in a company and the company she was working for,

1008
00:46:30,840 --> 00:46:33,720
Speaker 3: and somehow her taxes weren't done correctly and the government

1009
00:46:33,800 --> 00:46:36,120
Speaker 3: was taking her to court, and so he represented her

1010
00:46:36,160 --> 00:46:36,920
Speaker 3: in one.

1011
00:46:36,960 --> 00:46:39,879
Speaker 1: And so since then we've all just been using him.

1012
00:46:39,880 --> 00:46:41,680
Speaker 3: And I remember the first time I said, Hey, I

1013
00:46:41,680 --> 00:46:43,040
Speaker 3: want you to do my taxes, and I was a

1014
00:46:43,080 --> 00:46:46,040
Speaker 3: preschool teacher with no house, no anything. He said no,

1015
00:46:46,680 --> 00:46:49,080
Speaker 3: He said, because Tiffany, why would you pay me when

1016
00:46:49,120 --> 00:46:53,880
Speaker 3: literally turbo taxes like it's less expensive. Do it, it's cheaper.

1017
00:46:54,000 --> 00:46:56,240
Speaker 3: And because you don't have it, you don't have complicated taxes.

1018
00:46:56,239 --> 00:46:58,200
Speaker 1: And if you want, you can show me you know

1019
00:46:58,239 --> 00:47:00,120
Speaker 1: what you've done, and I can review it.

1020
00:47:00,160 --> 00:47:03,000
Speaker 3: And I just remember thinking like, Wow, here's somebody who

1021
00:47:03,640 --> 00:47:06,960
Speaker 3: you know really puts customer service above like, you know,

1022
00:47:07,040 --> 00:47:10,239
Speaker 3: temporary profit. And then once my taxes got more complicated,

1023
00:47:10,239 --> 00:47:12,400
Speaker 3: he took me on as a client and this weekend.

1024
00:47:12,400 --> 00:47:14,960
Speaker 1: He actually hit me up a couple of weeks.

1025
00:47:14,760 --> 00:47:16,239
Speaker 3: Ago and said, I want you and your husband to

1026
00:47:16,239 --> 00:47:18,360
Speaker 3: come in to the office and So we came in

1027
00:47:18,400 --> 00:47:21,400
Speaker 3: on Saturday, and I thought he just wanted us to

1028
00:47:21,440 --> 00:47:24,160
Speaker 3: sign our tax returns, which we did well.

1029
00:47:24,200 --> 00:47:25,799
Speaker 1: One he's the one who told me.

1030
00:47:25,760 --> 00:47:29,719
Speaker 3: Like, you know, definitely file married filing jointly because after

1031
00:47:29,760 --> 00:47:32,120
Speaker 3: doing the math, I could save thirty thousand dollars.

1032
00:47:32,400 --> 00:47:35,200
Speaker 1: I said, thank you, superman, because you truly are super now.

1033
00:47:36,040 --> 00:47:37,680
Speaker 3: And then too, he told us, now that you guys

1034
00:47:37,680 --> 00:47:42,640
Speaker 3: are buying property, that the tax laws that are coming

1035
00:47:42,920 --> 00:47:46,680
Speaker 3: that they haven't made it super clear for CPAs and

1036
00:47:46,719 --> 00:47:49,399
Speaker 3: tax professionals, but this is what it's looking like it's

1037
00:47:49,440 --> 00:47:52,040
Speaker 3: going to mean for people who are investing, especially in

1038
00:47:52,080 --> 00:47:55,000
Speaker 3: real estate. So there were all of these laws as

1039
00:47:55,000 --> 00:47:57,399
Speaker 3: it relates to what's called capital gains, and capital gains

1040
00:47:57,440 --> 00:48:00,279
Speaker 3: as it relates to real estate is the money that

1041
00:48:00,320 --> 00:48:02,839
Speaker 3: you the profit you make when you sell a house

1042
00:48:02,880 --> 00:48:03,799
Speaker 3: for more than you bought it for.

1043
00:48:04,440 --> 00:48:05,759
Speaker 1: So, like with anything in.

1044
00:48:05,680 --> 00:48:08,360
Speaker 3: America, if you make money, you have to pay taxes.

1045
00:48:08,920 --> 00:48:12,759
Speaker 3: But these new tax laws seem to imply that you're

1046
00:48:12,840 --> 00:48:15,520
Speaker 3: actually going to be able to there's a huge loophole

1047
00:48:15,880 --> 00:48:19,880
Speaker 3: that you can make money off of selling a house

1048
00:48:20,000 --> 00:48:23,120
Speaker 3: and literally pay no taxes. And here's how that. If

1049
00:48:23,160 --> 00:48:25,400
Speaker 3: I buy a house safe for like one hundred thousand dollars,

1050
00:48:25,560 --> 00:48:27,920
Speaker 3: and I keep it for one year and one day

1051
00:48:28,400 --> 00:48:31,440
Speaker 3: and sell it for say three hundred thousand. After one

1052
00:48:31,520 --> 00:48:34,960
Speaker 3: year and one day or more, then that two hundred

1053
00:48:35,000 --> 00:48:38,440
Speaker 3: thousand spread that profit. I can make that tax free

1054
00:48:38,719 --> 00:48:41,239
Speaker 3: and I don't have to Sometimes before you used to

1055
00:48:41,280 --> 00:48:43,080
Speaker 3: actually have to buy another house in order not.

1056
00:48:43,080 --> 00:48:45,040
Speaker 1: To have to pay taxes on it. No, you can

1057
00:48:45,160 --> 00:48:46,200
Speaker 1: just take that in cash.

1058
00:48:46,560 --> 00:48:48,959
Speaker 3: And he was like, that is he said, I've never

1059
00:48:49,080 --> 00:48:52,719
Speaker 3: seen anything like this in my career as an accountant.

1060
00:48:52,880 --> 00:48:56,919
Speaker 3: This ability to make wealth without having to pay tax

1061
00:48:57,000 --> 00:48:59,920
Speaker 3: He's that that's insane, honestly, and he was like, the

1062
00:49:00,200 --> 00:49:03,000
Speaker 3: what's exciting is that, you know, for those people who

1063
00:49:03,000 --> 00:49:05,799
Speaker 3: are able, you're gonna be able to buy, fix, up

1064
00:49:05,880 --> 00:49:08,480
Speaker 3: sell and little you could have a business that's tax free.

1065
00:49:09,040 --> 00:49:12,960
Speaker 3: But what's also disheartening is that if people who have

1066
00:49:13,120 --> 00:49:15,879
Speaker 3: the wealth to do that are not paying taxes, who

1067
00:49:15,920 --> 00:49:18,120
Speaker 3: have to pay taxes have to be paid. And so

1068
00:49:18,200 --> 00:49:19,840
Speaker 3: that means it's going to be an additional strain on

1069
00:49:19,880 --> 00:49:22,279
Speaker 3: the middle class. And so just be mindful of that.

1070
00:49:22,239 --> 00:49:25,000
Speaker 2: That's been the new tax law that President Trump put

1071
00:49:25,040 --> 00:49:27,719
Speaker 2: in place, you know, benefits people who are wealthy enough

1072
00:49:27,760 --> 00:49:28,720
Speaker 2: to invest in property.

1073
00:49:29,120 --> 00:49:31,319
Speaker 3: I know exactly because that's what he is. But he

1074
00:49:31,440 --> 00:49:33,759
Speaker 3: was like, honestly, Tiffany, he said, think about it. Let's

1075
00:49:33,760 --> 00:49:37,360
Speaker 3: just say you buy a property for a million dollars

1076
00:49:37,400 --> 00:49:39,520
Speaker 3: and then you sell it for four million, you know,

1077
00:49:39,560 --> 00:49:40,600
Speaker 3: and you keep it for a year and.

1078
00:49:40,600 --> 00:49:43,800
Speaker 1: A day, and you make three million dollars in profit.

1079
00:49:44,160 --> 00:49:47,480
Speaker 1: That's tax free either. That's insane, three million dollars and

1080
00:49:47,640 --> 00:49:48,440
Speaker 1: zero taxes.

1081
00:49:48,760 --> 00:49:51,080
Speaker 3: And he was like, it's he said, it's both scary

1082
00:49:51,120 --> 00:49:53,720
Speaker 3: and exhilarating, but it's just best to know what's happening.

1083
00:49:54,080 --> 00:49:56,759
Speaker 1: And he was just like, yeah, so just keep that

1084
00:49:56,800 --> 00:49:57,120
Speaker 1: in mind.

1085
00:49:57,160 --> 00:49:59,840
Speaker 3: If you ever thought about investing in real estate, this

1086
00:50:00,120 --> 00:50:01,279
Speaker 3: honestly the best.

1087
00:50:01,000 --> 00:50:02,760
Speaker 1: Time to consider doing.

1088
00:50:02,800 --> 00:50:06,920
Speaker 3: So consider partnering as other people consider, like you know,

1089
00:50:07,040 --> 00:50:09,840
Speaker 3: really sitting down with you know, your family, your friends

1090
00:50:09,840 --> 00:50:11,479
Speaker 3: and say, this is the time that we can buy

1091
00:50:11,520 --> 00:50:15,080
Speaker 3: something and then sell it and really make money and

1092
00:50:15,400 --> 00:50:18,759
Speaker 3: not have to pay you know, our fifteen twenty thirty percent.

1093
00:50:20,040 --> 00:50:22,760
Speaker 1: Tax rate on this income that we're making.

1094
00:50:23,200 --> 00:50:24,720
Speaker 3: And so I just want to shout out to Carlos

1095
00:50:24,719 --> 00:50:27,799
Speaker 3: for always keeping me abreast of like what is like

1096
00:50:27,920 --> 00:50:29,759
Speaker 3: new and upcoming, what I love about Carlos is that

1097
00:50:29,800 --> 00:50:31,799
Speaker 3: he's socially conscious, and then he's like, this is what

1098
00:50:31,800 --> 00:50:34,400
Speaker 3: it means for like, you know, for the average American,

1099
00:50:34,680 --> 00:50:36,440
Speaker 3: but this is how you can freak it to make it.

1100
00:50:36,360 --> 00:50:36,799
Speaker 1: Work for you.

1101
00:50:38,120 --> 00:50:41,239
Speaker 2: Gotcha, Hey, Carlos, Hey no, Carlos.

1102
00:50:41,280 --> 00:50:42,480
Speaker 1: He told me. He was like, I said, can I

1103
00:50:42,480 --> 00:50:42,920
Speaker 1: tell people?

1104
00:50:42,960 --> 00:50:44,760
Speaker 3: He's like, yes, but I'm not taking on new client, Sydney,

1105
00:50:44,760 --> 00:50:46,280
Speaker 3: because you already sent me the world.

1106
00:50:46,480 --> 00:50:50,240
Speaker 1: So unfortunately, Carlos is like I told everybody about college,

1107
00:50:50,360 --> 00:50:52,840
Speaker 1: like everybody's like Carlos. Because Carlos is young too. I

1108
00:50:52,920 --> 00:50:55,080
Speaker 1: like to get my financial professionals and doctors on the.

1109
00:50:55,000 --> 00:50:57,480
Speaker 3: Young side so we could you could be alive long

1110
00:50:57,560 --> 00:50:58,919
Speaker 3: enough to take care of me my whole life.

1111
00:51:00,640 --> 00:51:02,520
Speaker 2: Okay, that's kind of morbid, but also smart.