Speaker 1: It's time for the b a q A. The b
Speaker 1: a q A. What does this stand for? Brown Ambition
Speaker 1: Question and Answer ba QA. As y'all know, we've kind
Speaker 1: of split the show in two for y'all who like
Speaker 1: the chat bout you know, we do our buzzworthy and
Speaker 1: a separate show with our Brown Boost Brown Break, and
Speaker 1: then we have a totally separate show we talked just
Speaker 1: just little taking your question. So if you've got questions
Speaker 1: for the BA that's Mandra and myself and you want
Speaker 1: a little QA, some Q and A answered, then you
Speaker 1: can send us an email to Brown and Pision Podcast
Speaker 1: at gmail dot com. You can hit us in the
Speaker 1: ig d MS BROWNI Pision Podcast right, BRANDI Pision.
Speaker 2: Podcast, BRANDI Vision Podcast on ig Yes, ma'am.
Speaker 1: And then you can also go to a Brownivision podcast
Speaker 1: dot com and click ask us anything. So business questions,
Speaker 1: career questions, financial questions, financial adjacent questions. The doors are open. Okay,
Speaker 1: So yes, ma'am, we've got our first question. Manjie, you
Speaker 1: want out, go ahead and read it.
Speaker 2: I would love to. So this listener wants to remain anonymous.
Speaker 2: She says, Hey, ladies, I love your show and anything
Speaker 2: and everything you do. My husband and I purchased our
Speaker 2: first house a little over a year ago. It's an
Speaker 2: older home and it's in good condition, but it could
Speaker 2: use some updating. We're thinking of buying a new construction
Speaker 2: home and selling the house through a site like Zillo
Speaker 2: or open Door. Through both of these sites, we have
Speaker 2: an offer over one hundred thousand dollars more than what
Speaker 2: we bought our home for. It's exciting for us, and
Speaker 2: we have thirty thousand dollars in savings. We want to
Speaker 2: buy a new home, but want to know if we should.
Speaker 2: We have both changed jobs and have almost double their
Speaker 2: income since the purchase of our current home. The push
Speaker 2: to move sooner than later is our aging parents and
Speaker 2: the need and the desire to have a main level
Speaker 2: bedroom so they don't have to use the stairs. Is
Speaker 2: it a good move or should we wait it out?
Speaker 1: Eh? Well, first of all, anonymous, congratulations, these are like
Speaker 1: good problems to have so anonymous in hobby. So one
Speaker 1: you know, like aside from you know whether or not
Speaker 1: you should sell your house. If you're going to sell
Speaker 1: your house, I although one hundred thousand dollars more than
Speaker 1: what you bought it force sounds awesome, sauce, you know,
Speaker 1: in the current market, that's actually not so crazy. I
Speaker 1: mean literally, I've been seeing homes go for like one
Speaker 1: hundred and fifty two hundred thousand dollars more in my
Speaker 1: neighbor of the hoods, right. But what I would caution
Speaker 1: before you jump into a Zillow or open door is
Speaker 1: to actually speak with the realtor to see because you
Speaker 1: might be able to get more in the open market.
Speaker 1: And it's my understanding, and I got this directly from
Speaker 1: the founder of Zillo himself because I watched listen to
Speaker 1: this podcast called How I Built This and he was
Speaker 1: on and he specifically said that in exchange for making
Speaker 1: like the buying selling process simple, they take anywhere from
Speaker 1: five to seven percent. That is significantly more than what
Speaker 1: a realtori take, because Mandy Riltor's take at most I've
Speaker 1: heard is three percent and sometimes as low as like
Speaker 1: one percent. Yeah.
Speaker 2: Having edited like a jillion mortgage articles, we would usually
Speaker 2: say between two.
Speaker 1: And five percent, okay, two and five percent, yeah, two
Speaker 1: to five So you know, so I would just caution,
Speaker 1: one can you get more? And two can you pay less?
Speaker 1: Because you, as the seller, that money is going to
Speaker 1: come off of like the money that you've made for
Speaker 1: your house, you know. So I would just say that
Speaker 1: for that component of your question, if you are going
Speaker 1: to sell it, at least talk to a relter to
Speaker 1: get like some numbers. Okay, And then I think buying
Speaker 1: a home with your aging parents in mind. Honestly, that's smart.
Speaker 1: And you know because especially while you have the money,
Speaker 1: because I've been considering the same. I know my husband
Speaker 1: and I have lived in our house now for two years.
Speaker 1: We totally renovated it. But I know that the second
Speaker 1: house that we get, I definitely want to get like
Speaker 1: a mother in law suit. My dad is in his
Speaker 1: eighties and my mom is you know, she would kill me,
Speaker 1: so she's younger. I'll just say that papaliches in his eighties.
Speaker 1: I didn't know that. I know, he's like eighty one
Speaker 1: and my mom's like seventy. But and so yeah, so
Speaker 1: I totally am like, they live in a big house now,
Speaker 1: just the two of them, But I'm like, how long
Speaker 1: how much longer I would want? You know, I would
Speaker 1: love for them to stay with me, but I would
Speaker 1: want them to have their own space. So but just
Speaker 1: know this, that's Here's the thing is that just like
Speaker 1: your house is worth more because of the market, so
Speaker 1: will other houses that you are looking to purchase. So
Speaker 1: that one hundred thousand dollars jump is across the board
Speaker 1: depending on where you're looking to move to. So know
Speaker 1: that you're going to also be paying more. And so
Speaker 1: I don't know if they're like, is the rush that
Speaker 1: are your parents going to move in with you in
Speaker 1: the next five years? You might want to wait? Is
Speaker 1: it the next two years? And certainly you can go
Speaker 1: out and look. My only concern is housing prices have
Speaker 1: gone up so much. My concern are these sustainable or
Speaker 1: will there be a market correction in the house that
Speaker 1: you buy now might not be worth what you paid for.
Speaker 1: So that's my hesitancy because even myself and my husband
Speaker 1: and I we're actually taking a pause on purchasing a
Speaker 1: house at least for a couple of years because I
Speaker 1: don't want to pay extra for a house only for
Speaker 1: it to be worth less later. What about Umanda, what
Speaker 1: you say?
Speaker 2: Yeah, it's a tricky one because it's unless you have
Speaker 2: a unless you're a fortune teller, there's really no way
Speaker 2: to give a short answer here. I think at the
Speaker 2: end of the day. What I like to say is
Speaker 2: you make the decision that feels right based on all
Speaker 2: the information you have today, and then you kind of
Speaker 2: have to let it go after that. And it was
Speaker 2: I remember how stressed I was when we got our
Speaker 2: house in twenty eighteen. Now it looks like I'm a
Speaker 2: genius four years later because our home values increased so much.
Speaker 2: But when I tell you the number of sleepless nights
Speaker 2: and today, it sounds like we got the house at
Speaker 2: a bargain price, you know, but that that's not how
Speaker 2: it is in the moment. And I think, you know
Speaker 2: it worked out for us now and you know, we're
Speaker 2: still in a house, and who knows what could happen.
Speaker 2: We just got flooded really bad by Hurricane Iida. No
Speaker 2: one said we were in a flood zone in my neighborhood.
Speaker 2: So you make the best decision with the information that
Speaker 2: you have, and then you, you know, let it go.
Speaker 2: And I think if you guys feel ready and you
Speaker 2: want to and you want to move into a new house,
Speaker 2: and you can afford that new house, and it all
Speaker 2: works out and you feel like that's the right decision
Speaker 2: for you and your family, then I think, you know,
Speaker 2: go for it. But if there's if there's a voice
Speaker 2: in your head, or there's you know, anxiety, or you
Speaker 2: feel like you are being pushed into a decision because
Speaker 2: it sounds like the right thing to do because that's
Speaker 2: what the Internet says, or that's what it seems like
Speaker 2: people on social media are doing. That's when I would say,
Speaker 2: you know, make sure it really aligns with you and
Speaker 2: your family goals and your values, you know, before you
Speaker 2: take that step. I think there's a good case to
Speaker 2: being made for you know, waiting a little bit longer
Speaker 2: like Tiffany is, or just going for.
Speaker 1: It if you guys really want to m hm, there's
Speaker 1: a case to be made because ultimately what's good for
Speaker 1: your family might not your parents. You might be like, no,
Speaker 1: they need to move in with us sooner rather than later.
Speaker 1: Or you might be like, you know what, we can
Speaker 1: actually wait because we're not in this huge rush. Let's
Speaker 1: see what the market going do. But either way, I
Speaker 1: for sure would not just jump into bed with Zillow
Speaker 1: or open Door without at least like sitting down with
Speaker 1: a realtor to compare and contrast.
Speaker 2: Yeah, and I means' there are also like information out
Speaker 2: there about how bad zestimates are anyway, So I don't
Speaker 2: know if I would trust the algorithms to decide the
Speaker 2: value of my, excuse me, my home. Well, thank you
Speaker 2: for your question though, and good luck. I hope that
Speaker 2: you guys follow up let us know what you're gonna
Speaker 2: end up doing. Yeah, because I think that's a I'm
Speaker 2: excited for someone to make decisions because I'm I'm like,
Speaker 2: we're just going to hang out here for another few
Speaker 2: years and see what happens. But prices are so expensive here,
Speaker 2: I would not want to turn around and buy something,
Speaker 2: you know, just because my house is worth more today.
Speaker 2: She just feel like I'd be overpaying, all right. Number three,
Speaker 2: I'm going to read this in a British accent because yeah, babes,
Speaker 2: I watch a lot of Love Island now. It's my
Speaker 2: guilty pleasure between ten and eleven pm at night. And
Speaker 2: this is from a listener from the UK who says
Speaker 2: I won't read it in a British accent. I could,
Speaker 2: but I'm going to.
Speaker 1: Spare you guys. All right.
Speaker 2: She says, I work in tech and make pretty reasonable
Speaker 2: money in my profession. My current salary is made of
Speaker 2: basic pay bonus and restricted stock units. I was recently
Speaker 2: approached by two of the biggest tech companies in Silicon Valley,
Speaker 2: but they cannot match my pay for my RSUs. Would
Speaker 2: it be super crazy to ask them for a sign
Speaker 2: on bonus and actually pay on my bonus to make
Speaker 2: up for the RSUs I will be leaving behind in
Speaker 2: my own job. Thank you so much. I love the podcast.
Speaker 2: I've been a faithful listener for two years now, and
Speaker 2: I can't see myself stopping. Oh, thank you for saying
Speaker 2: that I was worried. Please don't get well.
Speaker 1: First of all, man, it can we get clear what
Speaker 1: is an RSU?
Speaker 2: Oh, it's one of my favorite wealth building tools ever. So,
Speaker 2: a restricted stock unit is a way that companies give
Speaker 2: employees actual stock in their company. And the reason it's
Speaker 2: called restricted is because they do give you a batch
Speaker 2: of stock, but it is not going to be available
Speaker 2: to you right away, so typically there's a vesting schedule.
Speaker 2: So let's say, and this happened to me. I actually
Speaker 2: went back to my first job offer where I got
Speaker 2: restricted stock units, and they gave me it was twelve
Speaker 2: hundred shares of Yahoo okay, which is not even a stock.
Speaker 2: You can get anymore. But it was twelve hundred shares
Speaker 2: and those vested over three years, which meant after one
Speaker 2: year of staying with the company, they would release one
Speaker 2: third of those shares to me. So what's one third
Speaker 2: of twelve hundred four hundred chairs Okay? And then after
Speaker 2: another two years, another year working with them, my second year,
Speaker 2: I get the other four hundred shares, and then after
Speaker 2: the third year, I get the other the last and
Speaker 2: final four hundred shares. And the reason that's an incentive
Speaker 2: is I would want to stick around, especially the stock
Speaker 2: is doing well, because that is a nice little windfall.
Speaker 2: And it was those early windfalls from those stock grants
Speaker 2: that I was given that really helped me start to
Speaker 2: build the foundation of my brokerage accounts and all of that.
Speaker 2: So I'm a big old fan of that. So the
Speaker 2: question she has if I can go back to it
Speaker 2: is yeah. So she's negotiating, she's looking for at opportunities
Speaker 2: with two big tech companies, and they can't match her
Speaker 2: pay like they wouldn't factor her RSUs into her base salary,
Speaker 2: it sounds like. So she wants to know is it
Speaker 2: crazy to ask them to give her a sign on
Speaker 2: bonus like a bonus to make up for the rs
Speaker 2: you should be leaving on the table.
Speaker 1: Girl. You know me, and many gonna say you better
Speaker 1: ask for your money.
Speaker 2: Yes, one hundred thousand percent, And I think this goes
Speaker 2: for there's other money you can leave on a table too, unvested.
Speaker 2: Four to one K matching sometimes, like companies will say,
Speaker 2: you know, we will match your four one K, will
Speaker 2: match your contributions, but it's gonna vest And that word
Speaker 2: vesting is what it means, like here's when you'll actually
Speaker 2: get your hands on the money, and it may not
Speaker 2: be for a few years with the company. So yes,
Speaker 2: one hundred percent, and I've done this. They may ask
Speaker 2: you for proof. I was looking at a job offer
Speaker 2: that I negotiated last year and they asked for a
Speaker 2: screenshot of my equity grant just to prove that I
Speaker 2: had as much as I was saying, And hell yeah,
Speaker 2: they gave that to me in a cash sign on bonus.
Speaker 2: And same thing with those Yahoo shares. Because I didn't
Speaker 2: stay the full three years at Yahoo. I ended up
Speaker 2: leaving early and I was like, and I think I
Speaker 2: gotta sign on. Yeah, I gotta sign on bonus for
Speaker 2: the value you can only expect to get the value
Speaker 2: of the stock at the time that you're joining the company. Okay,
Speaker 2: you know like they won't. They may not. So let's
Speaker 2: say that the shares that you are leaving on the
Speaker 2: tables worth ten thousand dollars today when you're negotiating. Sure,
Speaker 2: if you stayed with the company until they fully vest
Speaker 2: a year from now, maybe their stock will increase and
Speaker 2: it'll be worth fifteen thousand shares. But the company that
Speaker 2: you're trying to work for now, they're just gonna say, look,
Speaker 2: your shares are worth ten k. Would give you a
Speaker 2: ten k sign on bonus.
Speaker 1: And here's the thing. You only ever lose out on
Speaker 1: the things you don't ask for, you know, like cause
Speaker 1: first of all, these are you said two big tech
Speaker 1: companies says they got the coin. That's why two you're
Speaker 1: the bag. I was just on a board meeting and
Speaker 1: I won't say what board, so that way i'll be
Speaker 1: you know, telling all the business. But one of the
Speaker 1: things we were talking about, because we were talking about
Speaker 1: like a hire and we were like, yo, low key,
Speaker 1: high key whatever she asked, well, we got to give
Speaker 1: it to her because they're they're very It's so hard
Speaker 1: to find talented individuals. So if she pushed back, we say, okay,
Speaker 1: So so the fact is, I mean, I don't know
Speaker 1: if you're in tech, you know, or you know, because
Speaker 1: you might be an HR or whatever. But the fact
Speaker 1: is the fact that two big tech companies reached out
Speaker 1: to you means that you have a specific skill set
Speaker 1: that is attractive to the marketplace. They looked to find you.
Speaker 1: So you can push and ask for whatever you want.
Speaker 1: Now they might say no whatever, that's fine, but you
Speaker 1: know you've got two places to make that happen. So
Speaker 1: that's what's so awesome about times like this is that
Speaker 1: when you start to really put the work in on
Speaker 1: your professional self, you know, you might not be able
Speaker 1: to do this at twenty one, but certainly as time
Speaker 1: goes on, you know, you become very valuable. A friend
Speaker 1: of ours, you know that manny, you and I know,
Speaker 1: and I want to put all her business out there.
Speaker 1: But she shared how she got like equity in the company,
Speaker 1: how she was like I want to she's got a
Speaker 1: little one. I want to be home, you know, twice
Speaker 1: a week. She was able to make a whole list
Speaker 1: of demands and she was like, I'm only going to
Speaker 1: be here for this many years, and they were like, fine, fine, yes, okay, yeah,
Speaker 1: because she's a whole snack and they're hungry, so I'm
Speaker 1: a whole dandium well exactly. So as for what you
Speaker 1: want and you are, you know, you're more likely to
Speaker 1: get it than if you don't say anything at all.
Speaker 1: Don't let people think like, you know, you're not groveling
Speaker 1: for jobs. Two people want you. You know, you're the
Speaker 1: cutest girl in the cafeteria. It's I mean.
Speaker 2: And if they try to play like they don't have,
Speaker 2: like they don't typically do that, that's just silly sauce.
Speaker 2: And I'm like, they're in Silicon Valley, that is the
Speaker 2: land of the RSU, and there's no way that they
Speaker 2: haven't had other people ask for what you're going to
Speaker 2: be asking for when you tell them that, they that
Speaker 2: you need them to make you whole on what you're
Speaker 2: leaving behind. And on top of that, they should be
Speaker 2: giving you an equity grant independent of that cash sign
Speaker 2: on bonus. So if they're giving you a bonus to
Speaker 2: make up for the RSUs you're leaving on the table
Speaker 2: from your old job, I think fully they should be
Speaker 2: giving you an additional batch of RSUs and their company
Speaker 2: stock to incentivize you to stick around. And I think
Speaker 2: that that's something that is just very common at major
Speaker 2: tech firms these days, and it would be a big
Speaker 2: miss if you were to accept an offer that didn't
Speaker 2: include r s US. I might even say, just wait
Speaker 2: till the next big tech firm comes with a juicier
Speaker 2: offer for you.
Speaker 1: Yeah, but you know me, and if you get it,
Speaker 1: you owe me and Mandy dinner.
Speaker 2: Welcome to the UK for some dinner. Thank you for
Speaker 2: listening from the UK, though.
Speaker 1: Appreciate it. Tell your friends how wait have we done that?
Speaker 1: This is our show reach out if you find value
Speaker 1: in the B of the A please literally however you're
Speaker 1: listening literally to this podcast right Oh that's my my.
Speaker 1: However you're listening to this podcast, I want you to
Speaker 1: go ahead and share the with at least three people,
Speaker 1: shared in your group chat, shared on your Facebook, share
Speaker 1: it on your IG, share on your Twitter, share it
Speaker 1: with at least three people that you know. It could
Speaker 1: really help because we are really just trying to reach
Speaker 1: and teach as many as possible.
Speaker 2: Okay, okay, yes absolutely, And you could be featured on
Speaker 2: BA Fan Friday on IG. I mean that's it's like
Speaker 2: a it's a it's an honor honestly, where we actually
Speaker 2: shout out anyone who leaves us on iTunes review tif.
Speaker 2: Do you know how can you leave reviews on Android
Speaker 2: podcast platforms? Like? Is that a thing on Google podcast
Speaker 2: or something like that? I wasn't sure.
Speaker 1: I think, well, I usually if I'm going to leave
Speaker 1: review I do it for my computer, and I've got
Speaker 1: a Mac, so I don't know. On Oh, that's a
Speaker 1: good work around.
Speaker 2: Yeah, if you have a Mac and you have an
Speaker 2: iCloud account, you can log into iTunes and leave.
Speaker 1: Your little review.
Speaker 2: I saw Audible accepts reviews too, But listen, don't sweat it.
Speaker 2: If you don't have iTunes, still tell a friend, Tell
Speaker 2: a friend. Tag us at Brown Ambition Podcast on ig.
Speaker 2: And we appreciate the.
Speaker 1: Look because honestly, we're to be low key hikey, low
Speaker 1: key hikey. We're kind of like the OG's in the space.
Speaker 1: I don't know if you know, but black and brown
Speaker 1: podcasts sometimes they just don't have to support they need
Speaker 1: to succeed and move forward. But we've been in We've
Speaker 1: been in a game for years. It's made us animal.
Speaker 1: There's rules to this anyway.
Speaker 2: That's a little biggie no.
Speaker 1: But honestly, like, we've been in this game for some
Speaker 1: time and we have been consistent. You know, we have
Speaker 1: not failed all. And you know one of the ways
Speaker 1: that you can support us is to tell people to listen.
Speaker 1: That's literally it literally, Especially if you have an episode
Speaker 1: that really moved you, you know, tell people you know,
Speaker 1: share it specifically and say you need to listen. This
Speaker 1: is a really good episode that really helps to support
Speaker 1: us so we can continue to be here for another
Speaker 1: six Okay.
Speaker 2: Okay, absolutely, I actually listened to our show most weeks,
Speaker 2: do you know, just to because I enjoy it. It's
Speaker 2: all because I forget what we say.
Speaker 1: I love when people come up to me and they're like,
Speaker 1: oh my god, such I'm like, I did not tell
Speaker 1: you that. I told my own Mandy on this show. Bro, Mandy,
Speaker 1: I don't forget because we're friends in real life. So
Speaker 1: I'm like, oh, that's right.
Speaker 2: I wasn't just like nice your taser?
Speaker 1: Who told you about that? If you don't know the
Speaker 1: taser joke, that means you were not listening to our
Speaker 1: prior episode. Go listen to it.
Speaker 2: The taser. Yes, go to the last previous episode to
Speaker 2: find out why Tiffany, what Tiffany's taser looks like, and
Speaker 2: who she used to do. That's a good uh, it's.
Speaker 1: A little teaser, a little tasy tea. Oh, I manage it.
Speaker 1: It's been real. That's pretty huge.
Speaker 2: Then real. We'll see you guys next week.
Speaker 1: Have a grace day by