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Speaker 1: Day. Hey, Hey, it feels weird taping on a different day.

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Speaker 2: How are yah? Yeah, I'm not a fan.

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Speaker 1: Oh by the way, Hi, I'm Tiffany.

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Speaker 2: Except y'all Mandy, and.

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Speaker 1: This is around ambition. Yeah, I don't feel like weird.

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Speaker 1: I'm like, wait, it's not Tuesday. What's happening?

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Speaker 3: This is my I've been doing. My Sundays have been

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Speaker 3: my I get my writing done day. It's the only

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Speaker 3: day of the week when I can actually do anything.

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Speaker 3: But today I was all messed up. I had back

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Speaker 3: to back bridal showers this weekend. Really, yeah tis the season. Yeah,

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Speaker 3: they just happened to be on the on the same weekend.

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Speaker 3: So one yesterday in Brooklyn and one today. It's a

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Speaker 3: lot of fun. But I did overdid it on the

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Speaker 3: sham pain just a little bit, just a little bit.

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Speaker 1: I can't even I can't even overdo even like a sick.

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Speaker 1: My body is so I don't drink at all so

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Speaker 1: I can smell alcohol and be on the floor.

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Speaker 3: I just love a nice bubbly on a Sunday, okay,

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Speaker 3: with a little little poached egg.

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Speaker 2: It was quite nice.

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Speaker 1: I came for my my my niece's first birthday and

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Speaker 1: my dad was like, no alcohol beverages. I'm like, Daddy,

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Speaker 1: it's a one year birthday party.

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Speaker 3: Listen, I've been to some lit one year old birthday party,

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Speaker 3: so some some parents know how to party. There was

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Speaker 3: there was there a bounty castle. What was the I

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Speaker 3: feel like birthday parties are so wild.

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Speaker 1: She had it at our We have a zoo, a

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Speaker 1: cute little zoo called Turtle Black Zoo, and like everything

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Speaker 1: was animal themed, and then afterwards we took a little

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Speaker 1: tour of the zoo.

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Speaker 2: Soo knewer, couldn't know that.

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Speaker 1: No, well, no, it's actually West Orange, which is like

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Speaker 1: maybe like two towns over.

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Speaker 3: Okay, yeah, but it's really cute.

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Speaker 1: And I was like, oh, this is a cute little

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Speaker 1: I mean, of course she cared nothing for it because

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Speaker 1: you know, she's one, but yeah, yeah, it was. It

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Speaker 1: was fun because I was like, oh, this is nice

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Speaker 1: because sometimes people go really really super big for first birthdays.

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Speaker 1: And I feel like, I mean, who knows when I

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Speaker 1: have a baby, if like what I'm gonna do, But

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Speaker 1: I feel like I'm gonna be like come to the house.

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Speaker 1: We're cutting cake and there'll be some pizza.

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Speaker 3: It's a lot of pressure. It's not just like the

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Speaker 3: financial like that it costs a lot of money to

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Speaker 3: just throw a party. But then I've been to a

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Speaker 3: first birthday party that felt more like a wet bridle

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Speaker 3: shower where there were like.

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Speaker 2: Centerpieces and buffet and open bar.

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Speaker 3: And I've been to and then there's the ones where

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Speaker 3: it's not just the party itself, but you have to

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Speaker 3: they have first birthday photo.

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Speaker 2: Shoots now where no they don't. Yeah, no you haven't

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Speaker 2: seen these.

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Speaker 3: I must have like half a dozen cards that I

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Speaker 3: get in the mail from first birthday photo shoots.

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Speaker 2: Yeah.

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Speaker 3: You like you pay a photographer and you go to

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Speaker 3: a studio and you put them in a ridiculous outfit

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Speaker 3: and then they there's like the cake smash video where

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Speaker 3: you actually like prepare it, like the photographer includes a

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Speaker 3: cake in it and it's just photos of the baby

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Speaker 3: like smashing the cake apart, and then just like sometimes

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Speaker 3: crying or whatever. Yeah, it's the first like how does

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Speaker 3: how much does this cost?

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Speaker 2: Dang?

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Speaker 3: Like my dad would just take some pictures on his camera,

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Speaker 3: you know at the most, well.

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Speaker 1: Your dad, your dad's also a really good.

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Speaker 3: Time so okay, you know he had a nice camera,

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Speaker 3: But I mean it's just it's and you know, it's

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Speaker 3: you know, if that's your thing, that's totally fine, that's

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Speaker 3: how you want to capture your child's But it just

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Speaker 3: feels like everyone's doing it now and more like, you know,

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Speaker 3: once that becomes the trend, then like you don't want

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Speaker 3: to be that one. I guess it's like that pressure,

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Speaker 3: that social pressure to have that fantastic first birthday cake,

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Speaker 3: smash photo and all that names.

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Speaker 1: We'll just call her fancy girl. But one of my friends,

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Speaker 1: when her son turned one, she had like a logo

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Speaker 1: maid and it was like monograms on his cupcakes. It

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Speaker 1: was now She's like, yeah, I might have one over

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Speaker 1: now he's three now, but she's this is is this

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Speaker 1: a logo? It was it's his first, middle and last initial.

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Speaker 1: It was team two damn much. I was like, girl,

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Speaker 1: She's like, I look back at it now. Meanwhile, like

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Speaker 1: he just turned three and like literally she's like, come

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Speaker 1: to the house with cutting cake and there'll be some pizza.

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Speaker 1: She's like, I've learned, I'll be on that point right now,

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Speaker 1: which I thought was hilarious. But yes, a logo a logo.

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Speaker 3: It's hard enough keeping a tiny human alive. All the

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Speaker 3: other extra stuff and like and then I mean, I

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Speaker 3: don't know, I don't know if I'm ready for this,

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Speaker 3: the whole like culture of mommyhood parenthood these days. You know,

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Speaker 3: the playdates and you know, you get invited to their party,

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Speaker 3: then you gotta invite them to your party and oh,

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Speaker 3: it's like keeping up with the parent Jones is. Yeah,

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Speaker 3: I got a couple We got a question from someone

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Speaker 3: actually who are not It wasn't even any question, it

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Speaker 3: was just a response to you know, last week we

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Speaker 3: had Ontasha Danielle who talked about her debt freedom story,

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Speaker 3: you know, debt free by age thirty. She paid off

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Speaker 3: eighty thousand dollars in debt, and one woman had written

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Speaker 3: in and said that, you know, if you're a single

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Speaker 3: parent is even harder and that you know, she feels

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Speaker 3: like a lot of which doesn't. I mean, I think

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Speaker 3: there are some really good debt stories of families who

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Speaker 3: got in out of debt. She she was just mentioning

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Speaker 3: how she felt frustrated because she felt like a lot

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Speaker 3: of advice was geared toward or a lot of success

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Speaker 3: stories were also people who you know didn't have kids

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Speaker 3: or you know, you know, earned a decent earned a

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Speaker 3: decent income, and she was like, I don't feel like

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Speaker 3: my situations represented.

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Speaker 1: We don't who know who talks about that though, Emma,

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Speaker 1: I think Emma Johnson. She actually has a brand called

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Speaker 1: Wealthy Single Mommy, where she she kind of like that's her,

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Speaker 1: that's her things, Like, you're right that that's not typically represented,

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Speaker 1: and she was like, no, like I was a single mom.

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Speaker 1: I believe Emma has two kids and got a divorce

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Speaker 1: and you know, just struggled financially and figured you know,

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Speaker 1: figured it out, you know, the hard way. And then

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Speaker 1: since then she's like, I'm going to come back for

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Speaker 1: all my single mom's sisters, and so you might want

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Speaker 1: to look into that, because you're right, you know that

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Speaker 1: that's often that's not often the story the success story

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Speaker 1: that you hear, but they're out there, you know. Wealthy

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Speaker 1: Single Mommy definitely. And she's dope, and she's irreverent and

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Speaker 1: she's hilarious. She actually has a book, but yeah, she's

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Speaker 1: hilarious and she cuts and busses and I think she's

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Speaker 1: just she's like super a super fun, off the cuff

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Speaker 1: financial expert.

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Speaker 2: Yeah.

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Speaker 3: Her book is called The kick Ass Single Mommy. No, yeah,

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Speaker 3: kick ass single mom. I think that's what the book

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Speaker 3: is called. But there we had also on maybe we

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Speaker 3: should do this, we should run this episode again. We

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Speaker 3: had Aja McClanahan on the show a year or two ago.

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Speaker 3: She was from Chicago and her and her husband have

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Speaker 3: two young girls, and they had paid off an enormous

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Speaker 3: amount of debt. I think it was, I don't know

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Speaker 3: it was. It was tens of thousands of dollars of

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Speaker 3: debt while you know, purchasing a house and all that

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Speaker 3: kind of stuff. So the stories are out there. But

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Speaker 3: I see what you're saying with peel you. I was

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Speaker 3: raised by a single mom. I know the struggle. Keep

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Speaker 3: hanging in there. It's it's if it's hard enough on

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Speaker 3: your own, obviously, it's a lot harder when you have

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Speaker 3: a tiny human who doesn't care about your budget. Yeah,

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Speaker 3: to take care of definitely. But thanks you for thanks

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Speaker 3: for your email.

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Speaker 1: You know who inspired me a lot. So Kevin Matthews

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Speaker 1: the second. He's one of our financial friends. He's a

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Speaker 1: brown brown is like, we have a group of financial

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Speaker 1: we have a group of financial folks. We have a

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Speaker 1: Facebook group of financial folks, and we collectively kind of

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Speaker 1: get together and talk about how we can serve our

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Speaker 1: community better as it relates to financial education. And we

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Speaker 1: call ourselves the Browns because everybody in the group is

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Speaker 1: some level of brown, like you know. And so he

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Speaker 1: just had a baby, and literally, while his wife is

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Speaker 1: upstairs in labor, he comes downstairs to do a quick

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Speaker 1: video and says, Hey, my son's being born at this

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Speaker 1: very moment, and I have decided that I want to

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Speaker 1: make sure that by the time he retires, he will

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Speaker 1: be a millionaire. And here's how I'm going to do it.

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Speaker 1: I was like, ooh, tune in, and he had a wait.

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Speaker 3: While his wife's in labor upstairs. I mean, listen, I know,

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Speaker 3: Kevin Cousin could be with your wife. We know you.

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Speaker 2: We know you didn't just decide labor.

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Speaker 1: So she hadn't quite starved, but she was at the

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Speaker 1: hospital ready to get it.

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Speaker 3: Still, I would snack that phone out of his hand.

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Speaker 3: It's nice, though, nice feeling, nice, nice thought.

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Speaker 1: In the room with her. But he had some really

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Speaker 1: great advice. And his advice he showed this chart that

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Speaker 1: I've seen before. I think we If you ever spoken

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Speaker 1: to a financial advisor, they almost always show you the chart,

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Speaker 1: which is it's a It's a chart that kind of

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Speaker 1: shows the power of compounding interest where if you start

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Speaker 1: investing early versus later, versus later versus later, how much

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Speaker 1: you have to save. So here's how the chart works.

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Speaker 1: If so, this is what Kevin's doing, Like on average,

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Speaker 1: the market does about eight percent you know, over I

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Speaker 1: don't know a thirty year span. So he said, if

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Speaker 1: he sets aside starting now at birth, two thousand dollars

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Speaker 1: a year for his son, So that's about one hundred

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Speaker 1: something dollars a month, two thousand dollars a year for

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Speaker 1: a son, he could literally stop contributing to that custodial

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Speaker 1: account at age ten, he said, between ten and fifteen,

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Speaker 1: and then by the time his son was ready to retire,

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Speaker 1: that money will have grown too, about a little over

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Speaker 1: a million dollars. And I was like, what he just

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Speaker 1: did a really quick It wasn't like some super in

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Speaker 1: depth lesson, but he was showing the chart. And I

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Speaker 1: remember seeing that chart when I was twenty something and

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Speaker 1: a financial advisor was trying to show me, like, if

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Speaker 1: you start putting aside two thousand dollars a year now,

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Speaker 1: the difference between if I waited five years or waited

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Speaker 1: ten years that you actually have to put aside much

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Speaker 1: more money longer in order to reach the same the

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Speaker 1: same goal of a million dollars by the time you're

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Speaker 1: sixty five. That if you start when your child is

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Speaker 1: like literally an infant, you don't have to put as

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Speaker 1: much and you don't have to put as much for

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Speaker 1: its long So I just thought that, you know, aside

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Speaker 1: from the fact that he probably should have been upstairs,

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Speaker 1: I just thought, like, you know what, it's just great

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Speaker 1: that there are parents out there who are starting to

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Speaker 1: think about that early. That if I can put aside

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Speaker 1: some money now, then I can set up my child's

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Speaker 1: teacher and start building generational wealth. And you know it

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Speaker 1: just things like know, a lot of people don't even

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Speaker 1: know that there's something called the custodial account. I know

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Speaker 1: parents like a Sandy from Yes I Am Cheap and

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Speaker 1: Dominique Brown, who is another financial expert, they they actually

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Speaker 1: have roth iras for their kids. And the way they

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Speaker 1: do it because they both are entrepreneurs, so they quote

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Speaker 1: unquote hire their kids and then their kids don't get

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Speaker 1: the income. Instead, their income goes into a retirement account

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Speaker 1: that gets to grow tax deferred. No, well, yeah, it

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Speaker 1: gets to grow now not even tax deferred, tax free,

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Speaker 1: because the taxes are preyed beforehand. That's what a roth

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Speaker 1: ira is. And it's just I love seeing parents really

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Speaker 1: figuring out the system so that way their kids don't

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Speaker 1: have to struggle financially.

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Speaker 3: Yeah, and there's there's five to nine plans, which with

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Speaker 3: the tax reform, one of the benefits of that is

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Speaker 3: that now you can use it for It's sad because

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Speaker 3: in some in some in some cities it's like New

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Speaker 3: York City, like public schools are difficult to get into,

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Speaker 3: and then even then might could still cause tuition or

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Speaker 3: money or whatever. But now with the tax reform, you

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Speaker 3: can use your five two nine plan, which used to

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Speaker 3: be just for college expenses, and actually use it for

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Speaker 3: K through twelve expenses too.

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Speaker 2: So it's like, yep, yep, you can.

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Speaker 3: I think it's up to ten thousand or I forget

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Speaker 3: now ten it's ten thousand dollars a year.

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Speaker 2: I think you.

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Speaker 3: Could put toward K through twelve tuition and fees. Although

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Speaker 3: I still think it's crazy to pay for, you know,

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Speaker 3: for school for your kid. But it's just a little

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Speaker 3: Georgia me who just went to the school down street.

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Speaker 1: Yeah, exactly. I'm like, yeah, and I'm like maybe I'll

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Speaker 1: feel definitely when I have kids.

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Speaker 2: But I'm sure, yeah, I'm sure.

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Speaker 3: You know, sure, man, What else happened this week?

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Speaker 2: The Fed? Oh, the Fed.

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Speaker 3: You guys probably read this headline, and if you're like me,

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Speaker 3: it took you several years before you finally were like,

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Speaker 3: what does that mean?

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Speaker 2: Excuse me?

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Speaker 3: The Fed, the Federal Reserve raised the federal funds rate

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Speaker 3: this quarter, and they're planning on raising it every quarter

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Speaker 3: this year.

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Speaker 2: That's what's predicted.

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Speaker 3: And I just thought, I thought that's worth mentioning, especially

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Speaker 3: as you know, we were when we were buying our

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Speaker 3: getting our house, getting that process underway, we were trying

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Speaker 3: to get a mortgage, we were getting like, you know,

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Speaker 3: pre approved for mortgages and comparing rates and stuff, and

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Speaker 3: in the back of my mind, you know, I'm thinking, man,

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Speaker 3: mortgage rates are going up, like not just day by day,

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Speaker 3: but hour by hour right now. And that was a

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Speaker 3: big reason why I you know, it was it was

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Speaker 3: a little bit of a nudge just to like, go ahead,

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Speaker 3: lock in your mortgage rate now because rates are getting higher.

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Speaker 3: And sure enough, the FED raised the Federal funds rate,

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Speaker 3: and this is the baseline target interest rate that the

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Speaker 3: FED sets. So like if your if your you know,

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Speaker 3: your credit card, for example, is tied to the federal

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Speaker 3: funds rate, when the federal funds rate goes up, your

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Speaker 3: credit card rate's probably going to go up a little bit.

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Speaker 3: Mortgage rates also go up. Those are the negative things,

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Speaker 3: so basically the cost of borrowing gets more expensive. On

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Speaker 3: the plus side, savings rates go up. So you may

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Speaker 3: have noticed if you have like like me, I have

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Speaker 3: that Ally and Capital one three sixty Marcus, all these

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Speaker 3: online credit sorry online savings accounts over the last several

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Speaker 3: months have been inching their rates up. It feels like

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Speaker 3: once a month or something, just you'll get a little

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Speaker 3: bit of a bump up. And that's also because the

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Speaker 3: federal funds rate is getting higher, so they have their

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Speaker 3: sort of passing on that higher rate return to customers,

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Speaker 3: which is a plus side. So there's like pros and

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Speaker 3: cons to it, but it's just something to think about,

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Speaker 3: especially if you're you know, you're thinking about getting a mortgage,

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Speaker 3: if you're ready to get a home and you're looking

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Speaker 3: for a mortgage, you know, it's just a little bit

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Speaker 3: more of a reason to to to maybe to start

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Speaker 3: comparing rates now before they go up even higher, because

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Speaker 3: that is certainly where they are headed.

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Speaker 1: I'm just, yeah, they are Hey, I think that. Sometimes

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Speaker 1: I'm like, oh, like, just how do people have? Like

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Speaker 1: how does somebody get ahead? I just know so many

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Speaker 1: people who are struggling financially. It's almost like you know

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Speaker 1: that person that's like, but I am exercising and I

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Speaker 1: am eating better and I'm not losing weight, you know,

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Speaker 1: And I feel like that would find nasus zero Pepe.

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Speaker 1: There's so many people who I know they're like, but

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Speaker 1: I do work, and I don't have cable, and I

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Speaker 1: don't get my hair and I don't go out, and

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Speaker 1: I say, you know, and it's like, but I'm still struggling.

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Speaker 1: And it's hard because it's true that you can do

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Speaker 1: all the right things and still have a hard time.

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Speaker 3: You know, absolutely, there's so many things that are there's

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Speaker 3: so many circumstances in your life that aren't necessarily in

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Speaker 3: your control that will that will you know that will

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Speaker 3: and manifest themselves themselves in your life later as an adult,

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Speaker 3: when you're earning things that you do, like where you live,

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Speaker 3: who your parents are, what their socioeconomic status was, man,

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Speaker 3: there was this there was this really amazing, amazing slash

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Speaker 3: sad New York Times infographic.

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Speaker 2: I think it was up last week.

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Speaker 3: And you can see you can see basically was it

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Speaker 3: was a It was a comparison of African American men

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Speaker 3: and women, but mostly specifically men who grew up in

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Speaker 3: a higher income household versus white men who grew up

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Speaker 3: in a higher income household. And you saw the infographic,

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Speaker 3: the dots representing both black and white men in higher

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Speaker 3: income households. You saw them move across the screen, and

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Speaker 3: then you saw the black men dropping down, because that's

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Speaker 3: the trend, like, even if black men are born into

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Speaker 3: a higher income household, they're more likely to drop off

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Speaker 3: until lower, like more likely to become poor later in life.

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Speaker 3: And women there was no women, sorry, African American women

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Speaker 3: versus versus white women in higher income households or wasn't

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Speaker 3: much You didn't.

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Speaker 2: See that major drop off?

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Speaker 3: Yeah, just I mean, it's just one more reminder that,

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Speaker 3: you know, it's hard to put your finger on what

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Speaker 3: it is, but to me, that's just more proof that

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Speaker 3: to be an African American men in this country, you're

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Speaker 3: just born with a disadvantage.

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Speaker 2: It is.

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Speaker 3: It's sad and true, but you can't look at someone

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Speaker 3: and just say, oh, you know, you can't look at

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Speaker 3: someone who's struggling and just be like, oh, you must

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Speaker 3: have done something wrong. You know, it's your fault. Yep,

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Speaker 3: you need to pull yourself up by your bootstraps. Yeah,

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Speaker 3: in some cases that's true. But in a lot of cases,

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Speaker 3: you know, it's just not sorry for being brown, like

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Speaker 3: sorry for being black, sorry for being a man in

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Speaker 3: this country.

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Speaker 1: Really, what I remember, it was never more poignant to

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Speaker 1: me than when I started teaching in Newark, because I

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Speaker 1: mean all my life i'd gone so like, you know,

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Speaker 1: for the most part, I mean when we were really little,

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Speaker 1: you know, we were probably like poverty level, but you know,

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Speaker 1: I would say lower middle class and then middle class

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Speaker 1: eventually and so and you know, I didn't realize just

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Speaker 1: how how little resources other communities had until like I

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Speaker 1: went from Westfield and that's where I mostly grew up,

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Speaker 1: and I started teaching in Newark, and I was just like, wait,

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Speaker 1: like the three and four year olds, I remember being like,

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Speaker 1: how do you function in this dysfunction? Like just walking

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Speaker 1: down the street was like, I mean I would walk

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Speaker 1: down the street and like my uniform was a nursing uniform,

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Speaker 1: like where you had to wear scrubs because you're playing preschoolers.

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Speaker 1: They wanted to do not to worry about your clothes.

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Speaker 1: So I'd walked down the street like during my lunch

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Speaker 1: break in my scrubs, and men would proposition me and

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Speaker 1: assume I was a prostitute in my scrubs and I'm like,

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Speaker 1: wait what because where I work was the area was

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Speaker 1: really just not a good area and just hearing gunshots

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Speaker 1: and having to run inside with the kids. And I

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Speaker 1: remember us playing at the park and one little boy said,

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Speaker 1: miss Tiffany, Miss Tiffany, I got poked. And I was like, oh, oh,

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Speaker 1: that's okay, you want to catchen boo boo. He said no, no,

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Speaker 1: I got poked by a needle. And I looked at him,

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Speaker 1: like wait. My heart started racing. I'm like, well, maybe

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Speaker 1: he doesn't know, maybe it's a stick. And then I

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Speaker 1: remember his mom worked at the clinic, and like he

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Speaker 1: just might know what it I need to look like.

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Speaker 1: And so he pulled me over and I looked at

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Speaker 1: his little finger and the little spot of blood that

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Speaker 1: came up was like a perfect circle that wasn't a

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Speaker 1: scrape or a scratch, and sure enough he showed me

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Speaker 1: that there's this needle on the ground, that this is

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Speaker 1: where at night at the park, this is where folks

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Speaker 1: shot up and someone had left their needle and this

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Speaker 1: little boy got poked. I I wanted to like, I

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Speaker 1: didn't even know what to do. We raced him back

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Speaker 1: to the school, called his mother, called the emergency. I

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Speaker 1: didn't know what to do, so for like, I don't

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Speaker 1: I mean, I don't know. I you know, he got

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Speaker 1: tested right away, but he has to get tested for

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Speaker 1: the next or he had to get tested for the

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Speaker 1: next couple of years out of his life. But can

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Speaker 1: you imagine, like you can't tell me that that's a

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Speaker 1: fair start, you know, And so it's just it was

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Speaker 1: too much. After ten years, I was like, okay, I

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Speaker 1: can't do this, you know. It was like a total

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Speaker 1: on my spirit. But I had a choice not to

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Speaker 1: be there anymore. And a lot of these kids don't

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Speaker 1: have these choices not to be there. A lot of

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Speaker 1: their parents don't have the choice not to be there.

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Speaker 1: And from that that that economic disadvantage starts there. And

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Speaker 1: how do you dig your way out, especially if the

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Speaker 1: tools and resources are kept from you.

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Speaker 3: So's it's like the it's that instinct as a parent.

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Speaker 3: You know, my mother moved us out of a bad neighborhood.

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Speaker 3: You know, A big reason my parents got divorced was

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Speaker 3: this tug of war between where we were going to

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Speaker 3: grow up and my dad wanted us to keep as

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Speaker 3: close to family, close to where he grew up and

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Speaker 3: not the greatest areas. There's a lot of crime and poverty.

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Speaker 3: And my mom was like, I don't you know, she

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Speaker 3: didn't want that for us. We ended up moving to

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Speaker 3: the suburbs, you know, and and good schools and all that.

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Speaker 3: But that that like desire to get out and find

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Speaker 3: better opportunities for your kids elsewhere. I mean, it was

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Speaker 3: not as extreme, obviously, we were not. We moved half

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Speaker 3: an hour away and had a better life. We already

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Speaker 3: live in this country and we could do that. But

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Speaker 3: you have so many like these immigrants who are trying

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Speaker 3: to come into America just because they just want to

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Speaker 3: reach for something better, because you know, they they they

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Speaker 3: they have it's not there by by no fault of

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Speaker 3: their own. They're in an environment that's not you know,

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Speaker 3: conducive to success or health or good livelihood and it's

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Speaker 3: I feel like it's just everyone should it's you know,

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Speaker 3: it's idealistic, but everyone should have that should have that opportunity.

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Speaker 3: And the sad truth is that is that they don't.

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Speaker 3: And I guess, you know, for someone who's thinking, you know,

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Speaker 3: what can I do, it's you know, reach out in

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Speaker 3: your own community and maybe reach out to someone who

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Speaker 3: you know is struggling and be that helping him and

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Speaker 3: for them.

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Speaker 1: Life the upside downs, the ins and out. Speaking of

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Speaker 1: the ying and the yang, are you ready to brown

435
00:20:13,280 --> 00:20:14,200
Speaker 1: break and brown boost?

436
00:20:14,800 --> 00:20:18,119
Speaker 2: Sure? I can boost the brown booze dead break.

437
00:20:18,200 --> 00:20:21,240
Speaker 1: I've actually gone to break. It's kind of lighthearted, but

438
00:20:21,280 --> 00:20:23,120
Speaker 1: I did an IG story on it, and I think

439
00:20:23,119 --> 00:20:26,400
Speaker 1: I've been extended here. So a friend of mine, i'll

440
00:20:26,440 --> 00:20:30,560
Speaker 1: call her Georgia, she hit me up. She said, I

441
00:20:30,560 --> 00:20:32,280
Speaker 1: thought you would get a giggle out of this message

442
00:20:32,280 --> 00:20:35,800
Speaker 1: somebody sent me. So Georgia has a Facebook group for women,

443
00:20:36,600 --> 00:20:39,439
Speaker 1: and I won't say specifically what, just in case like

444
00:20:39,480 --> 00:20:41,920
Speaker 1: the person who did this to her listening, But I

445
00:20:41,920 --> 00:20:43,840
Speaker 1: don't know, let's just say it's for facials or whatever.

446
00:20:44,280 --> 00:20:48,480
Speaker 1: And so Georgia posts, Hey, you know everybody's wanting more

447
00:20:48,480 --> 00:20:51,000
Speaker 1: facials here's an app that I use that helps me

448
00:20:51,080 --> 00:20:53,600
Speaker 1: save money, so I can so you guys can save

449
00:20:53,640 --> 00:20:55,960
Speaker 1: and get more facial So the app is a referral link,

450
00:20:56,800 --> 00:20:58,719
Speaker 1: because it's like there's like like apps like for example,

451
00:20:58,760 --> 00:21:01,680
Speaker 1: like digit that I really like. They also sometimes offer

452
00:21:01,720 --> 00:21:03,960
Speaker 1: a referral link. Well, they'll give you like five bucks

453
00:21:04,080 --> 00:21:07,240
Speaker 1: for every person that signs up from your link. Like again,

454
00:21:07,280 --> 00:21:10,360
Speaker 1: this is Georgia's group, Georgia's business, not just the Facebook group,

455
00:21:10,359 --> 00:21:13,680
Speaker 1: it's her business. So somebody in her group also posts

456
00:21:13,720 --> 00:21:15,720
Speaker 1: their referral links and a few of them, and then she,

457
00:21:16,000 --> 00:21:19,959
Speaker 1: being nice, hits the woman behind the scenes and says, hey,

458
00:21:20,080 --> 00:21:22,080
Speaker 1: you know you can't post your referral link, you know,

459
00:21:22,160 --> 00:21:23,399
Speaker 1: so I just want to let you know. And the

460
00:21:23,400 --> 00:21:28,000
Speaker 1: woman said, oh, well, if I have to delete mine,

461
00:21:28,119 --> 00:21:32,639
Speaker 1: you should delete yours. Meanwhile, George's business Georgia's group, and

462
00:21:32,680 --> 00:21:36,080
Speaker 1: Georgia says, mm, well what makes you say that? She

463
00:21:36,200 --> 00:21:38,600
Speaker 1: was like, well, how come you can make money but

464
00:21:38,640 --> 00:21:41,280
Speaker 1: I can't. She's like, well, we use the we use

465
00:21:41,359 --> 00:21:44,399
Speaker 1: the money from the from the referrals to do the

466
00:21:44,440 --> 00:21:46,800
Speaker 1: giveaways like when you guys win, Because Georgia does giveaways

467
00:21:46,840 --> 00:21:48,919
Speaker 1: like when you guys win free money or or prizes

468
00:21:49,000 --> 00:21:52,320
Speaker 1: or whatever. That's where we get the money from. And

469
00:21:52,400 --> 00:21:56,120
Speaker 1: the woman the you know, the group person who's like, oh,

470
00:21:56,280 --> 00:21:59,680
Speaker 1: so as long as you're not benefiting personally, So ma'am,

471
00:22:00,280 --> 00:22:03,520
Speaker 1: what was your intention? Can you imagine? So she first

472
00:22:03,560 --> 00:22:07,160
Speaker 1: of all, I told Georgia you you you're too nice

473
00:22:07,240 --> 00:22:09,359
Speaker 1: to me, because I mean, and maybe I was like

474
00:22:09,400 --> 00:22:15,160
Speaker 1: that before too, But like what I guesse, she said, great,

475
00:22:15,200 --> 00:22:17,400
Speaker 1: glad to hear you'll be using any personal game from

476
00:22:17,400 --> 00:22:20,320
Speaker 1: those referrals to go toward events and give away. Georgia

477
00:22:20,359 --> 00:22:22,840
Speaker 1: can use that money to literally wipe the bottom of

478
00:22:22,880 --> 00:22:25,720
Speaker 1: her shoe. It's her business. Do you ask the owner

479
00:22:25,760 --> 00:22:28,440
Speaker 1: of McDonald's so when you sell these burgers, like, where's

480
00:22:28,480 --> 00:22:31,080
Speaker 1: the money going? Oh? Okay? Well you know, because I don't.

481
00:22:31,119 --> 00:22:34,480
Speaker 1: I would hate for you to benefit like you. It's

482
00:22:34,760 --> 00:22:38,080
Speaker 1: my brown break is please stop going in other people's

483
00:22:38,119 --> 00:22:40,800
Speaker 1: businesses and try to reap where you do. Not so

484
00:22:41,600 --> 00:22:44,280
Speaker 1: I just don't understand, like why that's such a huge concept,

485
00:22:44,280 --> 00:22:46,360
Speaker 1: because there used to be women who used to literally

486
00:22:46,400 --> 00:22:49,680
Speaker 1: fight me in the group and say, I don't understand

487
00:22:49,720 --> 00:22:52,520
Speaker 1: why you you won't let so only you can make

488
00:22:52,560 --> 00:22:55,720
Speaker 1: money here and I'm like, well, one, this group doesn't

489
00:22:55,720 --> 00:22:58,760
Speaker 1: make me any money. Like this group, it costs I

490
00:22:58,840 --> 00:23:01,920
Speaker 1: pay people to run this group. And I was using

491
00:23:01,920 --> 00:23:04,320
Speaker 1: my referral link money for that too, to like, just

492
00:23:04,400 --> 00:23:07,160
Speaker 1: to like, and it wouldn't even cover most of the time,

493
00:23:07,200 --> 00:23:08,960
Speaker 1: you know, especially when I first started. But it was

494
00:23:09,160 --> 00:23:12,119
Speaker 1: just enough so I can pay some folks to be

495
00:23:12,200 --> 00:23:13,800
Speaker 1: in here regularly, so that way I could keep the

496
00:23:13,800 --> 00:23:16,320
Speaker 1: group open because I just couldn't manage it on my own.

497
00:23:16,480 --> 00:23:19,919
Speaker 1: But even if I was using the referral money for

498
00:23:20,040 --> 00:23:23,920
Speaker 1: something more, it's part of my overall business. Or people

499
00:23:24,040 --> 00:23:26,440
Speaker 1: not allowed to make money in business. It's like if

500
00:23:26,480 --> 00:23:30,119
Speaker 1: you wouldn't go to McDonald's and set up your barbecue

501
00:23:30,200 --> 00:23:33,119
Speaker 1: in the parking lot and say, well, McDonald's, you know what,

502
00:23:33,520 --> 00:23:36,600
Speaker 1: it's smart to set up my barbecue here because one

503
00:23:36,680 --> 00:23:39,400
Speaker 1: McDonald's has done the work and like building the space.

504
00:23:39,800 --> 00:23:42,640
Speaker 1: Two McDonald's has clearly scoped out this location and knows

505
00:23:42,640 --> 00:23:44,919
Speaker 1: that there's a lot of high traffic. You know, McDonald's

506
00:23:44,920 --> 00:23:47,000
Speaker 1: people are already coming in for food, so it's a

507
00:23:47,040 --> 00:23:51,040
Speaker 1: perfect location to take from where somebody has put the

508
00:23:51,160 --> 00:23:53,320
Speaker 1: work in. You would never do that, but you would

509
00:23:53,320 --> 00:23:55,280
Speaker 1: do that to a small business one McDonalds wouldn't let

510
00:23:55,280 --> 00:23:58,160
Speaker 1: you too. You would never dream of doing that, Like,

511
00:23:58,200 --> 00:24:00,000
Speaker 1: and I don't know why people think that they can

512
00:24:00,080 --> 00:24:03,960
Speaker 1: park in other people's small businesses and then reap the money.

513
00:24:04,200 --> 00:24:06,280
Speaker 1: I know, girl, that this is a great place for

514
00:24:06,359 --> 00:24:09,520
Speaker 1: you to upsell your credit, Like I know. I mean,

515
00:24:09,560 --> 00:24:14,479
Speaker 1: I've built this brand like blood, sweat, tears, money, time, energy.

516
00:24:15,000 --> 00:24:17,359
Speaker 1: I just don't like. It blows my mind where people

517
00:24:17,359 --> 00:24:21,120
Speaker 1: are literally upset that you won't let them solicit in

518
00:24:21,200 --> 00:24:23,760
Speaker 1: your group. And I'm like, when you have literally your

519
00:24:23,760 --> 00:24:26,560
Speaker 1: own Facebook page where you could post whatever you want,

520
00:24:26,760 --> 00:24:28,640
Speaker 1: you don't have to post it, like see that old

521
00:24:28,680 --> 00:24:31,840
Speaker 1: Tiffany used to feel really bad and try to explain myself.

522
00:24:32,160 --> 00:24:34,879
Speaker 1: Now my block game is strong. Some of y'all in

523
00:24:34,920 --> 00:24:36,760
Speaker 1: my inbox right now, like tivity, can I come back?

524
00:24:36,760 --> 00:24:38,160
Speaker 1: I don't read it. I don't, I don't, I don't

525
00:24:38,160 --> 00:24:41,040
Speaker 1: look at my other inbox. So once you're blocked, like

526
00:24:41,200 --> 00:24:44,040
Speaker 1: I don't know, girl, dead to me, like because you

527
00:24:44,119 --> 00:24:46,639
Speaker 1: know better. When groups first came out, I could understand

528
00:24:46,680 --> 00:24:50,760
Speaker 1: the confusion. But groups are old now, and you know

529
00:24:50,960 --> 00:24:54,320
Speaker 1: it's like everyone literally has the same rule positivity in

530
00:24:54,359 --> 00:24:58,240
Speaker 1: the group and don't solicit. Everyone has that rule unless

531
00:24:58,280 --> 00:25:01,640
Speaker 1: it's a group specifically for like sharing, like your specific business.

532
00:25:01,960 --> 00:25:04,239
Speaker 1: And if you don't adhere to that, you know, like

533
00:25:04,320 --> 00:25:06,040
Speaker 1: you know, maybe you're run into a nicer group member

534
00:25:06,040 --> 00:25:07,960
Speaker 1: who will just mute you or just like give you

535
00:25:08,040 --> 00:25:10,040
Speaker 1: a warning. I don't give warnings. I'm black. I'm like,

536
00:25:10,080 --> 00:25:12,200
Speaker 1: oh oh you want to okay, oh oh ay black.

537
00:25:12,520 --> 00:25:14,760
Speaker 1: Because the rules are posted every hour on the hour

538
00:25:14,800 --> 00:25:17,840
Speaker 1: they're scheduled. Everybody's always like, we're all just black folks

539
00:25:17,920 --> 00:25:19,840
Speaker 1: because we're all grown. Now we don't know and now

540
00:25:19,880 --> 00:25:20,119
Speaker 1: you know.

541
00:25:20,720 --> 00:25:22,200
Speaker 2: If you don't know, now you know.

542
00:25:22,320 --> 00:25:24,840
Speaker 1: Now you know what about you? Are you going to

543
00:25:24,880 --> 00:25:25,480
Speaker 1: boost a break?

544
00:25:25,720 --> 00:25:26,560
Speaker 2: I have to do a boost.

545
00:25:26,600 --> 00:25:29,440
Speaker 3: I have to acknowledge the March for Our Lives that's

546
00:25:29,480 --> 00:25:33,240
Speaker 3: happening against gun violence all over the country today, yesterday

547
00:25:33,240 --> 00:25:37,280
Speaker 3: and today. There's been protests, like organized protests all over

548
00:25:37,320 --> 00:25:39,679
Speaker 3: the country to stop gun violence. And of course it

549
00:25:39,720 --> 00:25:45,119
Speaker 3: was all incited by the Parkland shooting at Marjorie Stoneman

550
00:25:45,200 --> 00:25:49,520
Speaker 3: High School or sorry Marjorie Stoneman Douglas High School a

551
00:25:49,560 --> 00:25:52,919
Speaker 3: couple back in Valentine's Day in February. But just to

552
00:25:52,920 --> 00:25:57,359
Speaker 3: see the kids' children, I mean, it's it's pretty it's sad,

553
00:25:57,400 --> 00:26:00,080
Speaker 3: but it's also so uplifting to see these small humans

554
00:26:00,119 --> 00:26:06,240
Speaker 3: who are so smart and so so what's the word

555
00:26:06,280 --> 00:26:08,760
Speaker 3: when you can speak really well articulate? Thank you something

556
00:26:08,760 --> 00:26:11,679
Speaker 3: that I'm not right now, I'm not articulate. There's one

557
00:26:11,680 --> 00:26:13,479
Speaker 3: little girl everyone was really touched by. You know. One

558
00:26:13,520 --> 00:26:15,679
Speaker 3: of the things that came up after the Parkland shooting was,

559
00:26:16,440 --> 00:26:19,080
Speaker 3: you know, the children, the teenagers who became sort of

560
00:26:19,080 --> 00:26:22,960
Speaker 3: the face of that shooting just happened to be I

561
00:26:22,960 --> 00:26:25,040
Speaker 3: think there was Emma Gonzales. I think it is Latina,

562
00:26:25,080 --> 00:26:27,600
Speaker 3: but largely white. It's largely white high school, and there

563
00:26:27,640 --> 00:26:29,440
Speaker 3: was a lot of people who, you know, a debate

564
00:26:29,480 --> 00:26:31,119
Speaker 3: sort of opened up, you know that had this been

565
00:26:31,119 --> 00:26:33,479
Speaker 3: a black high school, would it have a majority minority

566
00:26:33,560 --> 00:26:36,000
Speaker 3: high school, would it have been as much attention. Would

567
00:26:36,080 --> 00:26:39,000
Speaker 3: all these celebrities have been donating, you know. Obviously Black

568
00:26:39,040 --> 00:26:41,840
Speaker 3: Lives Matter has been happening, you know for years now,

569
00:26:42,160 --> 00:26:46,399
Speaker 3: been you know, trying to raise awareness about violence against

570
00:26:46,440 --> 00:26:50,199
Speaker 3: African Americans, and then at this march there were some

571
00:26:50,240 --> 00:26:54,919
Speaker 3: pretty noteworthy young long, young black kid black girl magic

572
00:26:54,960 --> 00:26:57,080
Speaker 3: that was happening, and I think it was smart on

573
00:26:57,119 --> 00:26:59,680
Speaker 3: the organizer's part to not to sort of make right

574
00:27:00,080 --> 00:27:04,480
Speaker 3: I think this lack of conversation around gun violence and

575
00:27:04,560 --> 00:27:09,760
Speaker 3: violence against African Americans as well. So they had Martin

576
00:27:09,880 --> 00:27:14,480
Speaker 3: Luther King's Martin Luther King the third, his granddaughter spoke

577
00:27:14,520 --> 00:27:15,840
Speaker 3: and she's like nine years old.

578
00:27:16,880 --> 00:27:17,520
Speaker 2: And then there was a.

579
00:27:17,480 --> 00:27:20,480
Speaker 3: Little girl whose speech already went viral, a very short

580
00:27:20,520 --> 00:27:21,720
Speaker 3: speech but very powerful.

581
00:27:21,760 --> 00:27:23,480
Speaker 2: I don't know who this girl is, she's magic.

582
00:27:25,000 --> 00:27:29,200
Speaker 3: Naomi Wadler, Yeah, gave a speech and basically saying that

583
00:27:29,440 --> 00:27:32,320
Speaker 3: she read off the names of some African American girls,

584
00:27:32,359 --> 00:27:35,760
Speaker 3: women who had been shot and murdered and said, you know,

585
00:27:35,760 --> 00:27:38,800
Speaker 3: I'm here to represent these names, these voices of these

586
00:27:38,800 --> 00:27:40,919
Speaker 3: people who haven't been heard or spoken about as much

587
00:27:41,000 --> 00:27:44,320
Speaker 3: during all this conversation we've been having. And it was beautiful.

588
00:27:44,359 --> 00:27:48,679
Speaker 3: You know, she had a huge standing ovation. So of

589
00:27:48,720 --> 00:27:52,000
Speaker 3: course my celebrity crushed. Limen wil MORENDA was out there,

590
00:27:52,480 --> 00:27:56,320
Speaker 3: you know, he was performing, and it's it feels like

591
00:27:56,359 --> 00:27:59,200
Speaker 3: we're living in this like the nineteen sixties and seventies

592
00:27:59,200 --> 00:28:01,600
Speaker 3: all over again, all this these marches and these protests

593
00:28:01,640 --> 00:28:05,600
Speaker 3: every day. But it's it's heartening to me to see, Yeah,

594
00:28:05,600 --> 00:28:08,400
Speaker 3: the young people really leading the charge, and I think

595
00:28:08,440 --> 00:28:11,280
Speaker 3: that they're making progress where a lot of the grown

596
00:28:11,359 --> 00:28:12,359
Speaker 3: ups obviously haven't.

597
00:28:13,280 --> 00:28:16,160
Speaker 1: So yeah, I love that. Did you see those gel

598
00:28:16,240 --> 00:28:19,240
Speaker 1: with the young man said he's like his speech was

599
00:28:19,240 --> 00:28:22,679
Speaker 1: basically like no more. He was like, Yo, we're voting,

600
00:28:22,960 --> 00:28:26,479
Speaker 1: so like many of us are voting in twenty eighteen.

601
00:28:26,520 --> 00:28:29,920
Speaker 1: If you think that, you know that we're going to

602
00:28:30,000 --> 00:28:31,960
Speaker 1: allow us to continue to think again.

603
00:28:32,280 --> 00:28:32,920
Speaker 2: That's beautiful.

604
00:28:32,920 --> 00:28:34,760
Speaker 3: I mean that's the fear, right, that's the fear that

605
00:28:34,800 --> 00:28:37,359
Speaker 3: these people will be mobilized and organized. They've that's what

606
00:28:37,400 --> 00:28:40,040
Speaker 3: they've always feared. The status quo is people in this

607
00:28:40,040 --> 00:28:43,000
Speaker 3: status quol. The GOP is the youth, you know, because

608
00:28:43,000 --> 00:28:46,320
Speaker 3: they know that their generation is dying out and you know,

609
00:28:46,360 --> 00:28:49,880
Speaker 3: the minorities are gonna out number everybody by what twenty

610
00:28:49,920 --> 00:28:52,560
Speaker 3: forty two, that's the estimated year it's happening. It's coming,

611
00:28:52,600 --> 00:28:54,360
Speaker 3: and these kids are on the face of it now,

612
00:28:54,400 --> 00:28:55,440
Speaker 3: and that's that's awesome.

613
00:28:56,160 --> 00:29:00,200
Speaker 1: Exactly, boost to them, exactly. Oh that was a good see.

614
00:29:00,200 --> 00:29:02,080
Speaker 1: That was i' glad you went after me. Nice little

615
00:29:02,080 --> 00:29:02,840
Speaker 1: boostems to my.

616
00:29:02,960 --> 00:29:05,960
Speaker 2: Ranting to keep it balanced.

617
00:29:06,760 --> 00:29:09,200
Speaker 3: Do we have a good question, yes, ma'am And you guys,

618
00:29:09,200 --> 00:29:10,520
Speaker 3: if you want to send us a question, you know

619
00:29:10,520 --> 00:29:13,640
Speaker 3: you can go to brand Ambition podcast dot com drop

620
00:29:13,720 --> 00:29:15,400
Speaker 3: us a note there I have to ask us anything

621
00:29:15,440 --> 00:29:18,080
Speaker 3: tab You can also email us at brand Ambition Podcast

622
00:29:18,160 --> 00:29:20,680
Speaker 3: at gmail dot com to get in touch and thanks

623
00:29:20,680 --> 00:29:21,000
Speaker 3: so much.

624
00:29:21,920 --> 00:29:23,160
Speaker 2: I found a couple of good questions.

625
00:29:23,240 --> 00:29:25,000
Speaker 3: Let's se if you need to do a couple this week,

626
00:29:25,200 --> 00:29:29,280
Speaker 3: let's do two anonymous ones a mysterious. This question is

627
00:29:29,320 --> 00:29:32,880
Speaker 3: from Anonymous number one. Anonymous number one says, I recently

628
00:29:32,880 --> 00:29:37,360
Speaker 3: found out that surprise, I'm pregnant. My husband and I

629
00:29:37,480 --> 00:29:39,520
Speaker 3: just bought a home in the Bay Area, which was

630
00:29:39,560 --> 00:29:42,920
Speaker 3: no small mortgage, I imagine so, but we are otherwise

631
00:29:43,040 --> 00:29:45,560
Speaker 3: very financially secure in our mid thirties. We have good

632
00:29:45,600 --> 00:29:48,560
Speaker 3: salaries and careers, no credit card debt, a little bit

633
00:29:48,560 --> 00:29:51,400
Speaker 3: of student loan debt, no car debt. But a baby

634
00:29:51,520 --> 00:29:54,280
Speaker 3: was never part of our life or financial plans. However,

635
00:29:54,680 --> 00:29:56,840
Speaker 3: since we're taking a sharp left turn in doing this,

636
00:29:56,920 --> 00:29:59,160
Speaker 3: I need some help. What are the top things I

637
00:29:59,200 --> 00:30:02,040
Speaker 3: should be doing to say for this kid starting now?

638
00:30:03,600 --> 00:30:06,520
Speaker 1: Oh?

639
00:30:06,880 --> 00:30:10,800
Speaker 3: Well, are you doing any spec Well, we just talked

640
00:30:10,800 --> 00:30:11,920
Speaker 3: about Kevin Matthews.

641
00:30:12,400 --> 00:30:15,560
Speaker 1: Yeah, opening up, Uh, you can start saving like, well,

642
00:30:15,600 --> 00:30:18,400
Speaker 1: he in order to have a custodial account your actually

643
00:30:18,520 --> 00:30:21,120
Speaker 1: you have to have a Social Security number.

644
00:30:21,040 --> 00:30:21,880
Speaker 2: So he's okay.

645
00:30:22,120 --> 00:30:27,240
Speaker 1: You know, honestly, I would like, I'm gonna pull myself

646
00:30:27,240 --> 00:30:29,440
Speaker 1: out because I'm like, I don't have kids, but I

647
00:30:29,480 --> 00:30:32,560
Speaker 1: would do what I would normally do with any major

648
00:30:32,960 --> 00:30:35,760
Speaker 1: change that's going to affect my finances. I would start

649
00:30:35,800 --> 00:30:41,320
Speaker 1: living at the new rate now, So I might You

650
00:30:41,400 --> 00:30:43,400
Speaker 1: might want to ask any friends of yours that have,

651
00:30:44,240 --> 00:30:46,040
Speaker 1: you know, that just had babies, like babies that are

652
00:30:46,120 --> 00:30:48,040
Speaker 1: under one years old, and to kind of get a

653
00:30:48,080 --> 00:30:50,160
Speaker 1: gauge of like what the cost kind of looks like

654
00:30:50,280 --> 00:30:53,680
Speaker 1: month a month on average, and start setting that aside.

655
00:30:53,680 --> 00:30:55,760
Speaker 1: So if they tell you, well, honestly, girl, I spend

656
00:30:56,520 --> 00:30:58,840
Speaker 1: two thousand dollars a month on my baby. That's just

657
00:30:58,840 --> 00:31:01,200
Speaker 1: how much it costs. That's what I'm been spending, then

658
00:31:01,360 --> 00:31:04,840
Speaker 1: I would start setting aside two thousand plus a month

659
00:31:04,960 --> 00:31:08,080
Speaker 1: because you're gonna have to spend it, you know, when

660
00:31:08,120 --> 00:31:11,120
Speaker 1: the baby comes. So get used to living at that

661
00:31:11,240 --> 00:31:14,040
Speaker 1: level now, and then you'll have a nice little, nice little,

662
00:31:14,760 --> 00:31:17,840
Speaker 1: you know, bucket of savings. That's probably my best advice.

663
00:31:18,360 --> 00:31:22,840
Speaker 3: Yeah, I've I've talked to financial planners about this question secretly.

664
00:31:22,920 --> 00:31:24,560
Speaker 3: So I am a I'm a planner.

665
00:31:24,560 --> 00:31:25,560
Speaker 2: Header No, I.

666
00:31:25,560 --> 00:31:28,080
Speaker 3: Don't have a kid, but I, like you also think

667
00:31:28,160 --> 00:31:29,880
Speaker 3: what can I do now so that I'm ready by

668
00:31:29,880 --> 00:31:31,400
Speaker 3: the time I have a kid, I'll have some savings,

669
00:31:31,480 --> 00:31:33,160
Speaker 3: YadA YadA. I mean I was saving from my wedding

670
00:31:33,200 --> 00:31:35,320
Speaker 3: and like five years before I had a wedding, just

671
00:31:35,400 --> 00:31:38,040
Speaker 3: because you know, and saving for a down payment years

672
00:31:38,040 --> 00:31:40,200
Speaker 3: like those things. It's great. The fact that you're even

673
00:31:40,240 --> 00:31:42,240
Speaker 3: looking ahead is a big difference. There's people who can

674
00:31:42,280 --> 00:31:44,080
Speaker 3: look ahead and plan ahead and there's people who live

675
00:31:44,080 --> 00:31:47,040
Speaker 3: in the present. And it really it's you've already sort

676
00:31:47,080 --> 00:31:49,320
Speaker 3: of got that one element in your favor, the fact

677
00:31:49,320 --> 00:31:50,480
Speaker 3: that you're thinking ahead, which.

678
00:31:50,320 --> 00:31:50,880
Speaker 2: Is really good.

679
00:31:51,560 --> 00:31:54,040
Speaker 3: So for me, it's not so much about, you know,

680
00:31:54,120 --> 00:31:56,840
Speaker 3: a baby fund, but it's what Tiffany said, it's it's

681
00:31:56,960 --> 00:32:01,560
Speaker 3: it's actually learning to live on the new reduced budget

682
00:32:01,920 --> 00:32:03,880
Speaker 3: that will happen once you have a kid. So think

683
00:32:03,920 --> 00:32:05,520
Speaker 3: about the cost if you have to put your kid

684
00:32:05,520 --> 00:32:08,200
Speaker 3: into daycare when a part of your budget is going

685
00:32:08,240 --> 00:32:12,080
Speaker 3: toward I mean, diapers alone cost hundreds of dollars, food

686
00:32:12,120 --> 00:32:16,440
Speaker 3: for your child, those types of expenses, you can. A

687
00:32:16,480 --> 00:32:19,240
Speaker 3: financial planner once told me that he advises couples but

688
00:32:19,600 --> 00:32:21,240
Speaker 3: when they get first get pregnant or find out that

689
00:32:21,280 --> 00:32:23,480
Speaker 3: they're pregnant, to go ahead and start living on one

690
00:32:23,480 --> 00:32:24,960
Speaker 3: income and see if they can make it work.

691
00:32:25,440 --> 00:32:26,160
Speaker 1: I like that.

692
00:32:26,480 --> 00:32:29,480
Speaker 3: Yeah, And we've been living on we've been we've been

693
00:32:29,480 --> 00:32:31,640
Speaker 3: doing the one income thing. This is this is ourt

694
00:32:31,680 --> 00:32:33,640
Speaker 3: in the last few months. I mean, we've It's not

695
00:32:33,680 --> 00:32:36,120
Speaker 3: that we were saving. It was the first time we

696
00:32:36,160 --> 00:32:38,280
Speaker 3: actually said, Okay, we're just gonna do this, We're going

697
00:32:38,320 --> 00:32:39,920
Speaker 3: to live off this one income and save the other.

698
00:32:39,960 --> 00:32:42,400
Speaker 3: We were kind of saving about the same before, but

699
00:32:42,440 --> 00:32:44,040
Speaker 3: it was like you give a little and I give

700
00:32:44,080 --> 00:32:48,160
Speaker 3: a little. It's just much easier this way. But we

701
00:32:48,280 --> 00:32:50,920
Speaker 3: know we have that income going toward savings and then

702
00:32:51,320 --> 00:32:54,320
Speaker 3: but my whole thing is is not just can we

703
00:32:54,400 --> 00:32:56,200
Speaker 3: live off one income if we were to have a baby,

704
00:32:56,240 --> 00:32:58,120
Speaker 3: but you know, could we live off one income if

705
00:32:58,120 --> 00:32:59,960
Speaker 3: one if something were to happen to one of us.

706
00:33:00,040 --> 00:33:03,000
Speaker 3: That's important to me. And that's one thing that you

707
00:33:03,040 --> 00:33:05,280
Speaker 3: could do now is maybe practice living on that one

708
00:33:05,320 --> 00:33:08,320
Speaker 3: income and see if you can make it worker, at

709
00:33:08,400 --> 00:33:11,000
Speaker 3: least at least drastically reduce it and then put that

710
00:33:11,040 --> 00:33:14,120
Speaker 3: money aside in savings. And I mean other than that,

711
00:33:14,320 --> 00:33:17,160
Speaker 3: there's you know, that's that's that's a lot more than a.

712
00:33:17,080 --> 00:33:17,600
Speaker 2: Lot of people.

713
00:33:17,600 --> 00:33:20,080
Speaker 3: A lot of people are able to do anyway, in

714
00:33:20,160 --> 00:33:22,040
Speaker 3: terms of planning for a kid. I think that will

715
00:33:22,040 --> 00:33:24,880
Speaker 3: put you ahead. And then once the once the baby

716
00:33:24,920 --> 00:33:27,800
Speaker 3: Anonymous is born, then you would you know, you can

717
00:33:27,800 --> 00:33:29,760
Speaker 3: set up a castodo ira. You can open up a

718
00:33:29,800 --> 00:33:33,080
Speaker 3: five two nine plan. My friends have five two nine

719
00:33:33,120 --> 00:33:37,280
Speaker 3: plans that actually run the birthday times or baptisms. They'll

720
00:33:37,320 --> 00:33:39,640
Speaker 3: send the link around and you can you can contribute

721
00:33:39,640 --> 00:33:41,840
Speaker 3: to their five to nine plan. It's almost like, I

722
00:33:41,880 --> 00:33:43,960
Speaker 3: don't know, putting money in a savings account for their kid.

723
00:33:44,040 --> 00:33:46,640
Speaker 3: You can just you know, credit card, debit whatever and

724
00:33:46,680 --> 00:33:47,200
Speaker 3: put money in it.

725
00:33:47,280 --> 00:33:47,920
Speaker 2: That's nice.

726
00:33:48,080 --> 00:33:50,200
Speaker 3: It's actually a nice little way to give a present.

727
00:33:50,320 --> 00:33:52,720
Speaker 3: And then you have eighteen years to build that up.

728
00:33:53,520 --> 00:33:57,280
Speaker 1: Yeah, the sooner you start, the better. But no, I

729
00:33:57,320 --> 00:33:59,360
Speaker 1: think there's isn't that book isn't a book by Elizabeth

730
00:33:59,400 --> 00:34:01,960
Speaker 1: Warren called one what was it called the Two Income

731
00:34:02,040 --> 00:34:03,080
Speaker 1: Myths or something like that.

732
00:34:03,640 --> 00:34:06,440
Speaker 3: Yeah, Lizzie Warren wrote personal finance books. I still find

733
00:34:06,440 --> 00:34:10,000
Speaker 3: that really funny. Senator Elizabeth Warren. Yes she did. She

734
00:34:10,040 --> 00:34:11,719
Speaker 3: had a she moonlighted us. She used to be a

735
00:34:11,760 --> 00:34:15,120
Speaker 3: bankruptcy professor, a bankruptcy law professor. I think that's where

736
00:34:15,120 --> 00:34:17,840
Speaker 3: it came from. And then she wrote about Yeah, a

737
00:34:17,880 --> 00:34:19,680
Speaker 3: couple of books on debt. I didn't know there was

738
00:34:19,680 --> 00:34:23,400
Speaker 3: a two income book though, or sorry, what was it?

739
00:34:23,440 --> 00:34:23,960
Speaker 2: One income?

740
00:34:24,480 --> 00:34:27,120
Speaker 1: You know, it's called something where she basically talks about

741
00:34:27,160 --> 00:34:29,239
Speaker 1: like the myth that really you're supposed to be living

742
00:34:29,239 --> 00:34:32,480
Speaker 1: off one income. It's called like the the something. So

743
00:34:32,640 --> 00:34:35,120
Speaker 1: just look up Elizabeth Warren two income. I think it's

744
00:34:35,120 --> 00:34:37,840
Speaker 1: called the two income myth something to that effect. But

745
00:34:37,880 --> 00:34:40,000
Speaker 1: I remember a friend of mine read end said it

746
00:34:40,040 --> 00:34:43,560
Speaker 1: was really good. So yeah, you might want to look

747
00:34:43,560 --> 00:34:45,239
Speaker 1: into that about like, because I just think what that

748
00:34:45,320 --> 00:34:47,680
Speaker 1: advice Nandy gave you about trying to live off one

749
00:34:47,719 --> 00:34:49,000
Speaker 1: income is really great advice.

750
00:34:50,160 --> 00:34:53,759
Speaker 3: Thank you very question Anonymous. All right, we have a

751
00:34:53,960 --> 00:34:57,080
Speaker 3: we have an in congratulations on your baby. Yeah, it's exciting.

752
00:34:57,760 --> 00:35:00,600
Speaker 3: We have another anonymous question. This is also she's also

753
00:35:01,120 --> 00:35:03,719
Speaker 3: find she just spent out she's pregnant, which is exciting too,

754
00:35:03,800 --> 00:35:07,840
Speaker 3: but unrelated to her pregnancy, she says, I'm thirty years old, married,

755
00:35:07,880 --> 00:35:09,920
Speaker 3: one year old, and also pregnant. My husband and I

756
00:35:10,000 --> 00:35:13,480
Speaker 3: are blessed to have a thriving business together. We just

757
00:35:13,520 --> 00:35:15,400
Speaker 3: moved into a new home and we're in the process

758
00:35:15,440 --> 00:35:18,040
Speaker 3: of selling our last home. The only debt we have

759
00:35:18,200 --> 00:35:20,800
Speaker 3: is our mortgage, my husband's car loan, and some credit

760
00:35:20,840 --> 00:35:24,400
Speaker 3: card debt. My question is, is there a suggested method

761
00:35:24,440 --> 00:35:27,160
Speaker 3: for closing credit accounts once they've been paid off when

762
00:35:27,160 --> 00:35:29,799
Speaker 3: you have so many or should you just keep them

763
00:35:29,840 --> 00:35:32,480
Speaker 3: all open? It feels weird to have so many credit

764
00:35:32,480 --> 00:35:35,200
Speaker 3: card accounts open, and I feel like I should cancel them.

765
00:35:35,480 --> 00:35:38,320
Speaker 3: Most of these cards are store cards like Victoria's Secret

766
00:35:38,360 --> 00:35:42,600
Speaker 3: and Taylor Macy's Best Buy. Do these cards factor differently?

767
00:35:43,760 --> 00:35:45,040
Speaker 3: Good cool questions?

768
00:35:45,880 --> 00:35:48,880
Speaker 1: So here's the factors that I would write down. One,

769
00:35:49,480 --> 00:35:52,080
Speaker 1: whether it's a store card or regular card, because store

770
00:35:52,120 --> 00:35:56,160
Speaker 1: cards definitely should get canceled before regular cards. But then two,

771
00:35:56,680 --> 00:35:59,960
Speaker 1: another factor is how long have I had the card?

772
00:36:00,120 --> 00:36:02,480
Speaker 1: Because you're wanting if you're going to close a card,

773
00:36:02,520 --> 00:36:04,520
Speaker 1: you're going to want to close cards that are that

774
00:36:04,560 --> 00:36:07,799
Speaker 1: are newer versus older, because I believe is it leng

775
00:36:07,920 --> 00:36:09,920
Speaker 1: is length of credit history? Is that fifteen percent or

776
00:36:09,920 --> 00:36:11,400
Speaker 1: ten percent of your credit score.

777
00:36:11,160 --> 00:36:13,800
Speaker 3: It's ten or fifteen, I forget I think might be fifteen,

778
00:36:13,960 --> 00:36:17,080
Speaker 3: and then the mix of your credit is ten, he

779
00:36:17,200 --> 00:36:18,399
Speaker 3: gets the fifteen percent one.

780
00:36:18,480 --> 00:36:21,280
Speaker 1: Yeah, so length of credit history. So you're wanting to close,

781
00:36:21,320 --> 00:36:23,400
Speaker 1: you're going to close, You're wanting to close the newer cards.

782
00:36:23,400 --> 00:36:26,800
Speaker 1: But to me, the most important factor in closing cards

783
00:36:27,239 --> 00:36:32,279
Speaker 1: is how will it affect your your utilization rate? That's

784
00:36:32,400 --> 00:36:34,360
Speaker 1: thirty percent of your score. So what that means is

785
00:36:34,360 --> 00:36:39,239
Speaker 1: that So let's just say I've got two cards and

786
00:36:39,520 --> 00:36:41,719
Speaker 1: one of them is maxed out, so I have one

787
00:36:41,760 --> 00:36:44,880
Speaker 1: hundred both of them have one hundred dollars limits. One

788
00:36:45,200 --> 00:36:47,560
Speaker 1: has one hundred dollars limit and one hundred dollars balance,

789
00:36:47,640 --> 00:36:49,920
Speaker 1: and the other I'm not using at all, zero limit

790
00:36:49,960 --> 00:36:51,880
Speaker 1: but one hundred dollars I mean zero balance, but one

791
00:36:51,960 --> 00:36:54,359
Speaker 1: hundred dollars limit. So one maxed out, one not used

792
00:36:54,360 --> 00:36:56,960
Speaker 1: at all. So, as it is, right now, your your utilization,

793
00:36:57,000 --> 00:36:59,839
Speaker 1: which is thirty percent of your score, is an average

794
00:37:00,080 --> 00:37:02,640
Speaker 1: of your credit cards. Right so you've got a maxed

795
00:37:02,640 --> 00:37:04,760
Speaker 1: out card and a not used card. So right now

796
00:37:04,840 --> 00:37:09,319
Speaker 1: you are utilizing fifty percent of your available credit on

797
00:37:09,320 --> 00:37:12,680
Speaker 1: your credit card. So fifty percent is already high. You

798
00:37:12,800 --> 00:37:15,359
Speaker 1: really don't want to go over thirty percent utilization. Really,

799
00:37:15,360 --> 00:37:16,880
Speaker 1: you want to be in like the ten to fifteen

800
00:37:16,880 --> 00:37:20,120
Speaker 1: percent range. But thirty percent is a max max math.

801
00:37:20,560 --> 00:37:24,000
Speaker 1: If you close the unused card and you go from

802
00:37:24,040 --> 00:37:26,520
Speaker 1: two cards to one card, now, all of a sudden,

803
00:37:26,560 --> 00:37:29,440
Speaker 1: you went from a fifty percent utilization to one hundred

804
00:37:29,480 --> 00:37:33,279
Speaker 1: percent utilization, and you are definitely taking your score. And

805
00:37:33,360 --> 00:37:35,319
Speaker 1: so if you're going to close cards, I always tell

806
00:37:35,320 --> 00:37:36,839
Speaker 1: people because they get so excited. They're like, I paid

807
00:37:36,880 --> 00:37:38,520
Speaker 1: up a card, I want to close them, you know.

808
00:37:38,760 --> 00:37:40,840
Speaker 1: I'm like, okay, well, let's do the math. Let in

809
00:37:40,880 --> 00:37:44,399
Speaker 1: all your cards, write down all of your balances, write

810
00:37:44,400 --> 00:37:47,120
Speaker 1: down all of your limits, and do the math. If

811
00:37:47,120 --> 00:37:50,439
Speaker 1: I close this card, what's my utilization? Okay, it's still

812
00:37:50,440 --> 00:37:52,600
Speaker 1: ten percent. If I close the next one, what will

813
00:37:52,640 --> 00:37:55,440
Speaker 1: my utilization be? Okay, twenty percent. So you might want

814
00:37:55,440 --> 00:37:57,400
Speaker 1: to stop right there until you pay off more and

815
00:37:57,440 --> 00:37:58,120
Speaker 1: more of your cards.

816
00:37:58,160 --> 00:38:02,000
Speaker 3: And so, yeah, you know, I used to use credit Karma.

817
00:38:02,080 --> 00:38:06,160
Speaker 3: On credit Karma, they have a simulator tool. I'm pretty

818
00:38:06,160 --> 00:38:08,200
Speaker 3: sure they still do. They'll tell you what will happen

819
00:38:08,239 --> 00:38:10,160
Speaker 3: if you open a new card or close a card.

820
00:38:10,200 --> 00:38:11,000
Speaker 2: I'm quite sure.

821
00:38:11,320 --> 00:38:14,359
Speaker 3: I like that, which is really handy, and she does.

822
00:38:14,560 --> 00:38:16,360
Speaker 3: She does write a little bit more about her account.

823
00:38:16,400 --> 00:38:18,799
Speaker 3: She says, most of them have been paid off. She

824
00:38:18,960 --> 00:38:21,640
Speaker 3: just recently did a balance transfer, so a lot of

825
00:38:21,680 --> 00:38:23,400
Speaker 3: the debts were paid off, and now she has these

826
00:38:23,440 --> 00:38:25,800
Speaker 3: two newer cards that she opened up for the balance

827
00:38:25,840 --> 00:38:28,480
Speaker 3: transfer offer. You know, a balance transfer is when you

828
00:38:28,560 --> 00:38:30,359
Speaker 3: open up a new credit card that has an intro

829
00:38:30,680 --> 00:38:33,480
Speaker 3: zero percent APR period and you use it to transfer

830
00:38:33,520 --> 00:38:35,400
Speaker 3: all the debts from other cards onto it and then

831
00:38:35,440 --> 00:38:38,560
Speaker 3: paid off that you have one card with one monthly payment.

832
00:38:39,520 --> 00:38:41,600
Speaker 3: And then she's thinking, you know, I'll close off these

833
00:38:41,640 --> 00:38:44,279
Speaker 3: once these balanced transfer cards are paid off, then I

834
00:38:44,320 --> 00:38:46,839
Speaker 3: can close those off. Those are my newer cards. I mean,

835
00:38:46,880 --> 00:38:49,319
Speaker 3: I think that she's thinking about it smart. I mean,

836
00:38:49,360 --> 00:38:51,719
Speaker 3: those those store credit cards, they don't necessarily hurt your

837
00:38:51,719 --> 00:38:54,200
Speaker 3: credit any more than a you know, a Chase reserve

838
00:38:54,280 --> 00:38:56,399
Speaker 3: card would hurt your credit like a normal credit card.

839
00:38:57,680 --> 00:38:59,600
Speaker 3: But they may be the only thing is they may

840
00:38:59,600 --> 00:39:01,839
Speaker 3: be temptation for you. I would say, just put them

841
00:39:01,840 --> 00:39:03,279
Speaker 3: in the back of the closet. I don't think any

842
00:39:03,280 --> 00:39:05,560
Speaker 3: of those cards have an annual fee. Victoria's secret and

843
00:39:05,680 --> 00:39:07,800
Speaker 3: tailor Macy's best. But I don't think they carry a fee.

844
00:39:08,000 --> 00:39:09,879
Speaker 3: Put them at back of the closet. I mean, they're

845
00:39:09,880 --> 00:39:12,360
Speaker 3: not they're not hurting anything. It does seem like a

846
00:39:12,360 --> 00:39:14,320
Speaker 3: lot when you're looking at both you and your husband's

847
00:39:14,320 --> 00:39:17,719
Speaker 3: credit cards put together. But certainly if they're if they're

848
00:39:17,760 --> 00:39:19,600
Speaker 3: going to be tempting you, you want to, you know,

849
00:39:19,640 --> 00:39:21,640
Speaker 3: get rid of them. Maybe do that, you know, do

850
00:39:21,680 --> 00:39:24,200
Speaker 3: what Tiffany said, you know, do the mass dewer utilization

851
00:39:24,280 --> 00:39:26,719
Speaker 3: rate is see if credit card MAK can help you,

852
00:39:26,719 --> 00:39:28,600
Speaker 3: you know, stimulate what your score might be if you

853
00:39:28,640 --> 00:39:31,160
Speaker 3: do close those cards. If it's not the biggest hit,

854
00:39:31,360 --> 00:39:35,000
Speaker 3: and you can immediately, you know, flood your credit history

855
00:39:35,040 --> 00:39:37,680
Speaker 3: with positive information from all your you know, you're paying

856
00:39:37,680 --> 00:39:40,640
Speaker 3: off your debts obviously with these balanced transfers, you're making

857
00:39:40,719 --> 00:39:43,279
Speaker 3: on time payments. Eventually you will come back from that,

858
00:39:43,800 --> 00:39:47,120
Speaker 3: you know, closed credit card account ding. That will happen,

859
00:39:47,320 --> 00:39:49,919
Speaker 3: especially if you know you just moved into a new home.

860
00:39:49,960 --> 00:39:52,040
Speaker 3: You already have your mortgage. It's not like you need

861
00:39:52,320 --> 00:39:54,120
Speaker 3: you're about to take out a new mortgage and you

862
00:39:54,200 --> 00:39:57,480
Speaker 3: need to have the best credit score right now. I

863
00:39:57,480 --> 00:39:59,520
Speaker 3: don't think that you know, it's it's really, it's a

864
00:39:59,560 --> 00:40:02,200
Speaker 3: personal preference. And if it's going to make you sleep

865
00:40:02,239 --> 00:40:05,080
Speaker 3: easier at night having these cards closed, and you don't

866
00:40:05,080 --> 00:40:07,640
Speaker 3: necessarily you're not applying for any new credit right now,

867
00:40:07,680 --> 00:40:09,520
Speaker 3: and it doesn't matter. If your score goes down, you

868
00:40:09,560 --> 00:40:12,000
Speaker 3: know a little bit, then you know, go ahead and

869
00:40:12,280 --> 00:40:14,080
Speaker 3: take the plunge. But if you just want to do

870
00:40:14,120 --> 00:40:16,040
Speaker 3: the most logical thing for your score and keep that

871
00:40:16,040 --> 00:40:18,480
Speaker 3: score as high as possible, then you know, keep the

872
00:40:18,480 --> 00:40:22,160
Speaker 3: cards in a dark corner and and don't charge them

873
00:40:22,239 --> 00:40:23,040
Speaker 3: up and keep them open.

874
00:40:23,480 --> 00:40:25,480
Speaker 2: Mm hmm, thank you very question.

875
00:40:26,000 --> 00:40:29,040
Speaker 1: It was a good question. And oh, anonymous, you don't

876
00:40:29,040 --> 00:40:30,840
Speaker 1: have to be anonymous. That was an easy, breezy one.

877
00:40:30,960 --> 00:40:33,399
Speaker 2: You never know. Some people are shy, that's true.

878
00:40:33,440 --> 00:40:35,759
Speaker 1: Some people are like my cousin list of this, you

879
00:40:35,760 --> 00:40:36,840
Speaker 1: don't even know my business.

880
00:40:37,000 --> 00:40:40,160
Speaker 3: Sometimes sometimes I want to be anonymous, not gonna lie.

881
00:40:40,239 --> 00:40:43,400
Speaker 3: And one one really last quick question someone asked, actually,

882
00:40:43,440 --> 00:40:45,160
Speaker 3: because on a previous show I had mentioned in an

883
00:40:45,200 --> 00:40:48,080
Speaker 3: APP that I love using called level Money to manage

884
00:40:48,080 --> 00:40:51,080
Speaker 3: my money. It actually was acquired by Capital one through sixty.

885
00:40:51,080 --> 00:40:52,880
Speaker 3: It was an awesome app. She's like, I looked it

886
00:40:52,960 --> 00:40:54,600
Speaker 3: up recently and I couldn't find it is. It's still

887
00:40:54,600 --> 00:40:58,960
Speaker 3: available to download. Sadly, it's not available anymore. These apps

888
00:40:59,000 --> 00:41:00,799
Speaker 3: come and go so quickly. It's like as soon as

889
00:41:00,840 --> 00:41:02,320
Speaker 3: I like one, they just shut them down because I

890
00:41:02,320 --> 00:41:03,880
Speaker 3: guess they don't make a lot of money. You know,

891
00:41:03,960 --> 00:41:07,040
Speaker 3: they're they're obviously when you're your customer base, you're trying

892
00:41:07,040 --> 00:41:08,880
Speaker 3: to help them save money. They're not paying for the

893
00:41:08,920 --> 00:41:12,560
Speaker 3: app anyway. Yeah, Level Money sadly does not exist anymore,

894
00:41:12,600 --> 00:41:14,719
Speaker 3: and she wanted to know if we recommend any other

895
00:41:14,760 --> 00:41:16,280
Speaker 3: apps for budgeting.

896
00:41:16,920 --> 00:41:17,920
Speaker 2: She says she's tried.

897
00:41:17,760 --> 00:41:22,360
Speaker 3: Mint and she's not a fan. I sadly, Level I'm

898
00:41:22,520 --> 00:41:24,359
Speaker 3: just as side as you are. Level was my money

899
00:41:24,400 --> 00:41:28,240
Speaker 3: app and sense Level I. I have downloaded Personal Capital,

900
00:41:28,520 --> 00:41:31,560
Speaker 3: which is very similar to Mint. It just has an

901
00:41:31,600 --> 00:41:35,879
Speaker 3: interface that I'm not following my budget as like as

902
00:41:36,080 --> 00:41:38,840
Speaker 3: closely as I was in the past, like every single transaction.

903
00:41:38,960 --> 00:41:41,840
Speaker 3: What I like Personal Capital for now is just to

904
00:41:41,840 --> 00:41:43,680
Speaker 3: get like a bird's eye view of where my money

905
00:41:43,719 --> 00:41:46,520
Speaker 3: is going. You know, Oh, I spent you know, twenty

906
00:41:46,560 --> 00:41:48,919
Speaker 3: percent of my budget on restaurants last month. That's a lot,

907
00:41:49,080 --> 00:41:53,479
Speaker 3: Like I need to cut back that type of information. Yeah,

908
00:41:53,480 --> 00:41:55,040
Speaker 3: but I miss I miss Level.

909
00:41:56,000 --> 00:41:58,480
Speaker 1: Yeah, You're right. These apps do kind of coming go

910
00:41:58,600 --> 00:42:01,760
Speaker 1: And I'm not a lie. I'm just good old fashioned Excel.

911
00:42:03,640 --> 00:42:05,360
Speaker 1: But yeah, I know so a lot of people. I

912
00:42:05,400 --> 00:42:07,400
Speaker 1: feel like people either love it or love it or

913
00:42:07,440 --> 00:42:09,239
Speaker 1: hate it. But you know what, how about this? I

914
00:42:09,280 --> 00:42:12,040
Speaker 1: would love the BA listeners if you're using like a

915
00:42:12,040 --> 00:42:14,319
Speaker 1: budgeting app that you absolutely love. I've heard good things.

916
00:42:14,320 --> 00:42:15,800
Speaker 1: You don't've heard good things about you?

917
00:42:16,560 --> 00:42:20,480
Speaker 2: You need you need a budget? Yeah, yeah, I've.

918
00:42:20,320 --> 00:42:22,120
Speaker 1: Heard good that. I haven't used it to be fair,

919
00:42:22,360 --> 00:42:24,600
Speaker 1: but I can honestly say I've heard good things. People

920
00:42:24,640 --> 00:42:26,640
Speaker 1: say good things about them, so you might want to

921
00:42:26,680 --> 00:42:28,720
Speaker 1: check them out. Why nab you need a budget?

922
00:42:29,080 --> 00:42:32,160
Speaker 3: That one costs, I believe, and there's a feat so

923
00:42:32,200 --> 00:42:34,160
Speaker 3: it's not a very large fee, but it's an actual

924
00:42:34,200 --> 00:42:36,080
Speaker 3: it's it's it's really good if you're trying to pay

925
00:42:36,160 --> 00:42:37,760
Speaker 3: down a lot of debt and that's why you're budgeting,

926
00:42:38,160 --> 00:42:42,160
Speaker 3: because they think they do a zero sum budget method.

927
00:42:42,280 --> 00:42:45,080
Speaker 3: You know, every dollar in your account goes toward a purpose.

928
00:42:44,880 --> 00:42:46,279
Speaker 2: Kind of thing. I like that.

929
00:42:46,280 --> 00:42:46,960
Speaker 1: That's what I use.

930
00:42:47,280 --> 00:42:49,240
Speaker 3: Yeah, you need a budget that's that's a good one.

931
00:42:49,640 --> 00:42:51,800
Speaker 1: Yeah, And then if you have like BA Listeners, definitely

932
00:42:51,840 --> 00:42:56,480
Speaker 1: hit us up on Facebook, Brown Ambition, Twitter, The BA podcast.

933
00:42:56,560 --> 00:42:58,200
Speaker 1: Are we the BA podcast on Twitter?

934
00:42:58,480 --> 00:42:59,520
Speaker 2: At the BA podcast?

935
00:42:59,600 --> 00:43:01,799
Speaker 1: Yep, the B a podcast, you know, but like would

936
00:43:01,800 --> 00:43:04,239
Speaker 1: love you know, because people ask all the time. So

937
00:43:04,440 --> 00:43:07,640
Speaker 1: if you're using a budgeting app that you absolutely live for,

938
00:43:08,280 --> 00:43:11,080
Speaker 1: certainly tweet us or Facebook us. We'd love to share it.

939
00:43:13,000 --> 00:43:14,400
Speaker 2: All right, Ready for some wins.

940
00:43:14,600 --> 00:43:18,000
Speaker 1: I am and my wind who child, I've been holding this.

941
00:43:18,200 --> 00:43:23,920
Speaker 1: I've been waiting. This is for Wakanda. So it's official.

942
00:43:25,120 --> 00:43:32,600
Speaker 1: Black Panther is officially the highest grossing superhero superhero movie

943
00:43:32,600 --> 00:43:34,200
Speaker 1: in the United States of all time.

944
00:43:35,600 --> 00:43:37,399
Speaker 2: An I mean, like.

945
00:43:39,080 --> 00:43:41,880
Speaker 1: Right, I mean that's I mean, I don't even know

946
00:43:41,920 --> 00:43:46,120
Speaker 1: what to say, highest grocery in US history. Free, black

947
00:43:46,160 --> 00:43:50,040
Speaker 1: on black on black. I feel like President Obama has

948
00:43:50,160 --> 00:43:51,920
Speaker 1: Remember when you won ever it was like my president

949
00:43:52,040 --> 00:43:54,279
Speaker 1: is black. My land Bow was too. I'm like, my

950
00:43:54,320 --> 00:43:58,080
Speaker 1: movie it's black. Yes, I mean, it's I don't even

951
00:43:58,080 --> 00:43:59,640
Speaker 1: know what to say because it wasn't even like a

952
00:43:59,719 --> 00:44:02,000
Speaker 1: kind of black movie. It wasn't even like, oh my god,

953
00:44:02,440 --> 00:44:04,440
Speaker 1: there's a black superhero. But the rest of the movie

954
00:44:04,520 --> 00:44:06,560
Speaker 1: is no. No, this movie is it could not have

955
00:44:06,600 --> 00:44:10,759
Speaker 1: gotten a blacker. This movie is the Lemonade of like

956
00:44:10,760 --> 00:44:13,160
Speaker 1: like like Beyonce's album Lemonade that was super and black

957
00:44:13,200 --> 00:44:16,359
Speaker 1: and black. This movie is Michael Basin Black.

958
00:44:16,440 --> 00:44:16,760
Speaker 2: Okay.

959
00:44:18,040 --> 00:44:20,279
Speaker 3: I had something to say, which is, can y'all go?

960
00:44:20,400 --> 00:44:22,000
Speaker 3: Can you just stop going to see it? Because I

961
00:44:22,040 --> 00:44:24,000
Speaker 3: want to see it again, but it's always sold out.

962
00:44:24,480 --> 00:44:26,120
Speaker 3: We tried to go again Friday, I was like, na,

963
00:44:26,200 --> 00:44:27,399
Speaker 3: bra couldn't even get a seat.

964
00:44:27,719 --> 00:44:30,560
Speaker 2: Really, I just love that, and I don't.

965
00:44:30,880 --> 00:44:33,040
Speaker 1: Like what it shows is that, like you know, the

966
00:44:33,160 --> 00:44:36,319
Speaker 1: BS about like, oh, there's no money when you cater

967
00:44:36,440 --> 00:44:38,680
Speaker 1: to us, or not even just cater to us, because

968
00:44:38,680 --> 00:44:40,120
Speaker 1: we're not the only one who saw it. It was

969
00:44:40,400 --> 00:44:42,319
Speaker 1: it was just a good movie. I mean when they

970
00:44:42,320 --> 00:44:45,759
Speaker 1: broke down the statistics of like the people that went

971
00:44:45,800 --> 00:44:48,239
Speaker 1: to see it, well, you know, of course we came

972
00:44:48,280 --> 00:44:51,200
Speaker 1: out in like record number, but we weren't the largest

973
00:44:51,239 --> 00:44:54,279
Speaker 1: group of people that went to see the movie. It's

974
00:44:54,320 --> 00:44:56,600
Speaker 1: just a good movie. And I just hope that this

975
00:44:56,719 --> 00:44:59,680
Speaker 1: starts to signal to Hollywood, because you know, nobody listens

976
00:44:59,719 --> 00:45:02,560
Speaker 1: to any but money these days. So I hope that

977
00:45:03,280 --> 00:45:06,560
Speaker 1: the financial ramifications of having a movie like this will

978
00:45:06,760 --> 00:45:09,040
Speaker 1: help to shift, you know, the type of things that

979
00:45:09,080 --> 00:45:12,240
Speaker 1: are developed in the future. But yeah, this is just awesome. Honestly.

980
00:45:12,360 --> 00:45:14,600
Speaker 1: Oh sure, I just want to see you again. I mean,

981
00:45:14,640 --> 00:45:17,160
Speaker 1: I just want to see the I just want to

982
00:45:17,160 --> 00:45:19,360
Speaker 1: see everyone again. So Challa, I want to see you again,

983
00:45:19,520 --> 00:45:22,040
Speaker 1: even even kill Manger. We can hang, we can Hay,

984
00:45:22,040 --> 00:45:22,960
Speaker 1: I'm gonna come see you guys.

985
00:45:23,000 --> 00:45:24,880
Speaker 3: Well, you know, I don't think Kill Marker is going

986
00:45:24,920 --> 00:45:28,759
Speaker 3: to be the next movie spoiler alert. That was Yeah,

987
00:45:28,800 --> 00:45:30,880
Speaker 3: it was amazing. And I heard Ava du Varney is

988
00:45:31,000 --> 00:45:35,160
Speaker 3: directing another DC comics like Superhero movie, So it's it's

989
00:45:35,160 --> 00:45:37,560
Speaker 3: all happening, man. I mean, I hope it continues. I

990
00:45:37,560 --> 00:45:39,200
Speaker 3: hope it's not just a moment. I hope it's more

991
00:45:39,239 --> 00:45:42,319
Speaker 3: than that. I hope it's a movement. I'm super excited too.

992
00:45:43,440 --> 00:45:44,719
Speaker 2: So my win really quick.

993
00:45:44,840 --> 00:45:47,160
Speaker 3: I wanted to do a win for Lena Waith, who

994
00:45:47,320 --> 00:45:49,920
Speaker 3: is killing it on all levels and was just is

995
00:45:50,000 --> 00:45:53,040
Speaker 3: gracing the cover of Vanity Fair magazine this month, which

996
00:45:53,120 --> 00:45:55,279
Speaker 3: I don't know, who's the last black queer woman you

997
00:45:55,320 --> 00:45:58,880
Speaker 3: remember seeing on the cover of a magazine Never I

998
00:45:58,880 --> 00:46:01,920
Speaker 3: could think of nobody ever, So I just I think

999
00:46:01,920 --> 00:46:03,560
Speaker 3: it means a lot to so many people what she

1000
00:46:03,600 --> 00:46:06,440
Speaker 3: represents it. But the photos that were captured of her

1001
00:46:06,480 --> 00:46:10,080
Speaker 3: and her and her girlfriend in their apartment in La

1002
00:46:10,280 --> 00:46:12,080
Speaker 3: just living their lives. It was a different kind of

1003
00:46:12,080 --> 00:46:14,840
Speaker 3: photo shoot, you know, it wasn't the glamorous thing. And

1004
00:46:15,360 --> 00:46:19,960
Speaker 3: all she's doing to represent black screenwriters in Hollywood is

1005
00:46:20,000 --> 00:46:23,320
Speaker 3: just fantastic. So that's what I mean, man, turning around,

1006
00:46:23,440 --> 00:46:26,120
Speaker 3: reaching beyond your circle. She's reaching behind her and pulling

1007
00:46:26,160 --> 00:46:28,960
Speaker 3: people up and making sure they get the opportunities, the chances.

1008
00:46:29,520 --> 00:46:31,919
Speaker 3: You know that that she it took a long time

1009
00:46:31,920 --> 00:46:34,440
Speaker 3: for her to get. I think that's just beautiful and

1010
00:46:34,800 --> 00:46:37,960
Speaker 3: I wish her all the success and all the badass

1011
00:46:38,360 --> 00:46:39,719
Speaker 3: magazine covers she can get.

1012
00:46:40,480 --> 00:46:42,480
Speaker 1: Yeah, honestly, it's just such a good time to be

1013
00:46:43,640 --> 00:46:47,000
Speaker 1: to be brown. I mean, well, well it's good and bad,

1014
00:46:47,040 --> 00:46:49,000
Speaker 1: but I mean the bad part has always been here,

1015
00:46:49,080 --> 00:46:51,200
Speaker 1: so there's just an extra little boost to be brown

1016
00:46:51,280 --> 00:46:53,640
Speaker 1: right now. And so yeah, I'm feeling good.

1017
00:46:54,080 --> 00:46:56,319
Speaker 3: I'm feeling good. Well, go ahead and enjoy the rest

1018
00:46:56,360 --> 00:46:59,680
Speaker 3: of your weekend, and we'll see you guys next week.

1019
00:47:00,160 --> 00:47:02,600
Speaker 1: Yeah, we shat, and by then I'll have been back

1020
00:47:02,640 --> 00:47:04,800
Speaker 1: from my romantic Jamaican vacation.

1021
00:47:05,239 --> 00:47:06,200
Speaker 2: Are you going to Jamaica?

1022
00:47:06,840 --> 00:47:09,480
Speaker 1: Yes, I told Tuoperman I said, before we start this renovation,

1023
00:47:09,640 --> 00:47:11,799
Speaker 1: I feel like I'm going to need a little bit

1024
00:47:11,800 --> 00:47:13,919
Speaker 1: of R and R because the renovations on the house.

1025
00:47:14,440 --> 00:47:17,440
Speaker 1: I'm sure it's a new frontier. And so I found

1026
00:47:17,600 --> 00:47:22,520
Speaker 1: really a really great deal on Orbits. It's like five

1027
00:47:22,600 --> 00:47:25,680
Speaker 1: star all inclusive. I was able to book our flights

1028
00:47:25,680 --> 00:47:29,239
Speaker 1: because we used the Chase card Chase Venture, so I

1029
00:47:29,320 --> 00:47:31,799
Speaker 1: was able. We had enough points, so our flights were

1030
00:47:32,239 --> 00:47:35,520
Speaker 1: I just used our points to fly and it was

1031
00:47:35,560 --> 00:47:37,640
Speaker 1: like forty five percent off or fifty percent off whatever

1032
00:47:37,680 --> 00:47:40,520
Speaker 1: the hotel normally is. So it was like five hundred

1033
00:47:40,560 --> 00:47:43,160
Speaker 1: bucks apiece for five fifty apiece for the hotel for

1034
00:47:43,440 --> 00:47:48,040
Speaker 1: Friday to Monday. And so I'm really excited because, you know,

1035
00:47:48,160 --> 00:47:51,120
Speaker 1: for five hundred and fifty bucks we get to enjoy

1036
00:47:51,160 --> 00:47:52,239
Speaker 1: paradise for a little bit.

1037
00:47:52,680 --> 00:47:54,200
Speaker 2: Sounds yeah.

1038
00:47:54,640 --> 00:47:56,759
Speaker 1: I'm told I'll take lots of pics so everybody can

1039
00:47:56,800 --> 00:47:57,400
Speaker 1: be like, damn it, I.

1040
00:47:57,400 --> 00:47:59,719
Speaker 2: Hate you fpulous.

1041
00:48:00,000 --> 00:48:02,279
Speaker 3: Next episode, we will have this Art steel on who

1042
00:48:02,320 --> 00:48:04,320
Speaker 3: I spoke with a state attorney.

1043
00:48:05,000 --> 00:48:05,600
Speaker 2: Extraordinary.

1044
00:48:05,719 --> 00:48:07,200
Speaker 3: She's gonna come on and answer a lot of good

1045
00:48:07,280 --> 00:48:11,600
Speaker 3: questions about life insurance. How to plan for this is

1046
00:48:11,600 --> 00:48:14,160
Speaker 3: a big thing. How to plan to give to past

1047
00:48:14,239 --> 00:48:17,320
Speaker 3: generational wealth on to your children and your children's children.

1048
00:48:17,760 --> 00:48:19,759
Speaker 3: That is her message and that is what we will

1049
00:48:19,800 --> 00:48:21,120
Speaker 3: be talking about in next week's show.

1050
00:48:21,800 --> 00:48:23,919
Speaker 1: Yay Art, who Can't Wait?

1051
00:48:24,280 --> 00:48:26,719
Speaker 2: All right? How Fun? And Jamaica Come on? All right?

1052
00:48:26,800 --> 00:48:34,520
Speaker 1: Bye bye