WEBVTT - Confessions of an Entrepreneur 

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<v Speaker 1>Hey, hey, hey, you got up there. Let me get well,

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<v Speaker 1>you know, I figured, let me show my range.

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<v Speaker 2>She got your seat on your second wind, I see,

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<v Speaker 2>I am Tiffany. Up, y'all, It's Mandy and this is

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<v Speaker 2>brown ambition.

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<v Speaker 1>Brown ambition.

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<v Speaker 2>Easy question.

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<v Speaker 1>I'm tired today. It was one of those days where

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<v Speaker 1>you're like, it's I guess, I don't know, feel like

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<v Speaker 1>I did a whole bunch, but I don't know. I

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<v Speaker 1>went to I had a doctor's apartment in the morning,

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<v Speaker 1>and then I went food shopping, which I guess exhausted me.

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<v Speaker 1>And then I thought, oh, I didn't go to the

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<v Speaker 1>gym because I had at appointment. I walked to my meeting.

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<v Speaker 1>I had a meeting like it was about twenty minutes

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<v Speaker 1>away walking, So I walked. And let's just say it

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<v Speaker 1>was a little bit more tiring than I anticipated. Oh

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<v Speaker 1>and I walked, Yeah, but I mean it was. It

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<v Speaker 1>was a good thing. I interviewed for some new staff,

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<v Speaker 1>and I had an interview with like Reader's Digest and

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<v Speaker 1>like a few other calls. But like it it just

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<v Speaker 1>for some reason, they exhausted me today. I don't know

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<v Speaker 1>if it was the walk or what. But I'm taught it's.

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<v Speaker 2>Just hump day. Yeah, that too, No, I feel you.

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<v Speaker 2>At least the weather is getting a little bit better.

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<v Speaker 2>I feel like I can sleep through the night and

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<v Speaker 2>not wake up like on a in a death sweat.

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<v Speaker 2>It's nice.

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<v Speaker 1>That's always nice.

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<v Speaker 2>That's always nice. No things are things are good. I

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<v Speaker 2>feel like even though so did I tell you all

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<v Speaker 2>about my what's been happening with my team at work?

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<v Speaker 2>Basically we doubled in the span of two weeks, so

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<v Speaker 2>it's been a little hectic, But I I'm feeling pretty good.

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<v Speaker 2>I think that I've definitely learned how to manage craziness

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<v Speaker 2>at work a lot better, Okay, And I'm grateful that

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<v Speaker 2>the I had a I did that that sort of

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<v Speaker 2>management training and last December. It's almost been a year now,

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<v Speaker 2>and the people that I met there have been just

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<v Speaker 2>like this phenomenal source of support. So I went out

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<v Speaker 2>for drinks with a few of them on Monday night

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<v Speaker 2>and it was exactly what I needed. Just like some

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<v Speaker 2>non friend, like non like regular friends, non husband, non coworker,

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<v Speaker 2>just like objective kind of peers to kind of talk

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<v Speaker 2>about and bounce ideas off and just vent about what's

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<v Speaker 2>happening and it was. It was really great. It was

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<v Speaker 2>like the perfect use of my time after work on Monday.

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<v Speaker 2>And I feel like that really gave me some motivation

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<v Speaker 2>and some energy to carry me through the rest.

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<v Speaker 1>You know, I've been trying to do how often do

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<v Speaker 1>you do like you know, like face like I call

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<v Speaker 1>it like face time. So one of the things I

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<v Speaker 1>told myself because I'm always like like, it doesn't mean

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<v Speaker 1>like I don't not go outside, but I was only

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<v Speaker 1>going out if it was like, oh I have to

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<v Speaker 1>go out for the budgeties said oh I'm gonna go

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<v Speaker 1>speak today or I'm taking a flight somewhere. But I

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<v Speaker 1>wasn't spending as much time FaceTime with like family and friends.

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<v Speaker 1>So now I've got like a rule for myself where

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<v Speaker 1>like I talked on the phone with my my friends

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<v Speaker 1>and stuff every day, which is good because I'm like, Okay,

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<v Speaker 1>you have to talk to at least one or two

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<v Speaker 1>friends today, non work related, just the key key check.

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<v Speaker 1>But like the FaceTime part was hard, and so I've

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<v Speaker 1>been telling myself at least once a week, I have

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<v Speaker 1>to you know, dinner, lunch, whatever, walk in the park

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<v Speaker 1>with with like you know, a friend and get some

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<v Speaker 1>face them in like, you know, just connecting. And so

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<v Speaker 1>I'm probably gonna go to dinner tonight with my my

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<v Speaker 1>friend Cabrel. But I I had a meeting with It

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<v Speaker 1>was an older friend of mine who I had seen

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<v Speaker 1>in a while. That's why I walked, and I was like,

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<v Speaker 1>you know, let me go actually go see her for

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<v Speaker 1>this meeting, because it would be nice to get some

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<v Speaker 1>FaceTime because it when you're an entrepreneur, especially if you're

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<v Speaker 1>in a digital space, it's very easy to just be

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<v Speaker 1>like you and your computer, you know.

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<v Speaker 2>Yeah, I was gonna say it because you work from

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<v Speaker 2>home most of the time. So yeah, that's a good

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<v Speaker 2>rule of thumb. Once a week. Once a week's a

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<v Speaker 2>lot like for I mean, I try and do once

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<v Speaker 2>a month. It's getting a lot harder to see friends

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<v Speaker 2>because it's not even the distance anymore. It's the friends

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<v Speaker 2>who have kids. You don't really see them that often anymore.

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<v Speaker 2>And yeah, and sometimes I'm like, Okay, I understand there's

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<v Speaker 2>a season, there's a time when you don't see each

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<v Speaker 2>other as often as you want to, but as far

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<v Speaker 2>as like not so when I kind of put them

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<v Speaker 2>in those different buckets, like the close friends who actually

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<v Speaker 2>see more sparingly, I feel like, so when I see them,

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<v Speaker 2>I try and play like special, Like I'm actually having

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<v Speaker 2>my best best friend who I haven't seen in a

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<v Speaker 2>month because she's been traveling. I've been traveling. We're having

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<v Speaker 2>a girls' night, We're gonna have a sleepover, We're gonna

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<v Speaker 2>have quality, you know, time to catch up tomorrow night.

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<v Speaker 2>And that's like a once every couple months type thing.

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<v Speaker 2>But then when I get together with people from like

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<v Speaker 2>my industry, like my peers, I try and do that

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<v Speaker 2>once a month because they're they have crazy schedules. And

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<v Speaker 2>also I like to let like enough, I like to

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<v Speaker 2>let enough days go by so you have stuff to

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<v Speaker 2>talk about. So you think about that, I'm like, what

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<v Speaker 2>are we gonna talk about? Let me let some life

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<v Speaker 2>go by and let me have something to bring to

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<v Speaker 2>the table, you know. And it's nice to check in

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<v Speaker 2>with them every month or so.

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<v Speaker 1>But it's been a Honestly, it's been great because what

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<v Speaker 1>I'm finding is I'm actually meeting with friends who I

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<v Speaker 1>don't normally see. So like my friend Joy, I had

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<v Speaker 1>lunch with her like the last week or the week

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<v Speaker 1>before or last and I hadn't seen Joy in like

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<v Speaker 1>a few years and even though Joy lives in the

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<v Speaker 1>same city that I live in, so my regular every

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<v Speaker 1>day friends like Brina is my best friend, we talk

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<v Speaker 1>every day, Linda is my best friend, we talk every

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<v Speaker 1>day or every other day. And Cabrello is one of

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<v Speaker 1>my really great friends. We talk all the times. So

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<v Speaker 1>I've got like a core group of friends who I

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<v Speaker 1>talk to and typically see more. But what I'm seeing

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<v Speaker 1>is the FaceTime rule has create we did this great

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<v Speaker 1>opportunity to like hang out with friends who I don't

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<v Speaker 1>talk to and I never see. So it was it

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<v Speaker 1>was just it's just been really nice and it's not

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<v Speaker 1>a chore. It's just like I'm wanting to, like, you know,

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<v Speaker 1>make a more I hate the word balance, so I

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<v Speaker 1>call it harmonized, like harmony over balance. So instead of

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<v Speaker 1>trying to hold all things the equal measure, which was

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<v Speaker 1>what balance means to me, more like, okay, how do

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<v Speaker 1>I make sure that all things are working collectively together

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<v Speaker 1>for the greater good of me? And so a more

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<v Speaker 1>harmoniziced life. So yeah, so today it was nice to

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<v Speaker 1>get like a little harmony in.

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<v Speaker 2>That reminded when you said, when you said wellness expert,

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<v Speaker 2>someone had asked a question and I don't have the name,

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<v Speaker 2>but she wanted to know because before you had talked

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<v Speaker 2>about like getting a productivity expert or productivity coach or something,

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<v Speaker 2>and it's been a while since we had an update,

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<v Speaker 2>and she wondered, if you've if you've found anybody I've

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<v Speaker 2>done anything to that end.

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<v Speaker 1>I did. Her name is Danielle, don't get me her.

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<v Speaker 1>Her companies called Strategic Candy. And so it was between

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<v Speaker 1>Danielle and this other young woman named Rose. And I

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<v Speaker 1>chose Danielle from Strategic Candy because she was very techy

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<v Speaker 1>and I am not. And I remember thinking to myself,

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<v Speaker 1>we don't really have like a super tech brown girl

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<v Speaker 1>on the team. And I'm so glad that I chose

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<v Speaker 1>Danyelle for that role. Because it's as soon as thy

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<v Speaker 1>Yelle came on, promptly all of our tech started falling apart.

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<v Speaker 1>It was crazy. I was like, oh, a website's not

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<v Speaker 1>waking great, like like literally everything started to crumble. And

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<v Speaker 1>Danielle she came in originally to help us get more

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<v Speaker 1>organized as a team, but she spent the first three

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<v Speaker 1>or four months saving us because our tech started to

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<v Speaker 1>to break and you know, like through no fault of

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<v Speaker 1>like anyone. It was just like, oh, the rules are

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<v Speaker 1>changing here, or this has expired, or you know, like

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<v Speaker 1>the websites that you're using no longer can for what

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<v Speaker 1>you're doing. And Danielle saved us. So it took a

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<v Speaker 1>few months to get our tech kind of like updated.

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<v Speaker 1>And then she made a suggestion of us switching from

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<v Speaker 1>go Daddy, which is what we were using, to this

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<v Speaker 1>other hosting platform called name Cheap because it was gonna

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<v Speaker 1>save us, you know, hundreds of hundreds of dollars a year,

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<v Speaker 1>thousands of dollars in our in our business lifetime. And

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<v Speaker 1>so that transition was not an easy one because we

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<v Speaker 1>had so many domains and all this other stuff. So

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<v Speaker 1>that took like another a couple of weeks. We finally

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<v Speaker 1>made the transition. She made sure that all of our

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<v Speaker 1>websites were you know how like those uh uh they

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<v Speaker 1>made us. You changed from https to h or from

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<v Speaker 1>http to HTTPS. So when you're on a website, there's

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<v Speaker 1>like this law now where they're like it has to

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<v Speaker 1>be secure, so you have to get basically the S

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<v Speaker 1>added and and that was a whole other thing, and

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<v Speaker 1>I'm like, I don't know what these things mean. So

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<v Speaker 1>Danielle did so well that I ended up hiring her

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<v Speaker 1>full time. Actually made her offer today.

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<v Speaker 2>Wait, but this doesn't sound like a productivity expert for Tiffany.

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<v Speaker 2>That's yeah, they were hiring.

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<v Speaker 1>I was, but all of our tech fell apart and

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<v Speaker 1>Dyelle was super techy. So but one thing she did

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<v Speaker 1>help us with is one she well, I wanted a

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<v Speaker 1>productivity coach for me, but more so for how do

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<v Speaker 1>we manage the team better? And well, some of your

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<v Speaker 1>issues are tech issues, so that that that's why we

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<v Speaker 1>were struggling. So she said, you know, you don't have

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<v Speaker 1>a product management tool, so we're implementing that. She was, like,

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<v Speaker 1>the way that you guys handle emails is kind of janky,

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<v Speaker 1>so she fixed that. She said, so the way that

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<v Speaker 1>we handle passwords is like causing it. It creates more work,

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<v Speaker 1>So she fixed that. So she fixed more so our

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<v Speaker 1>systems versus like me like personally as Tiffany. And so

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<v Speaker 1>I hired her today to come on as my executive

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<v Speaker 1>admin because I said, Okay, now that our systems are fixed,

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<v Speaker 1>now I want you to help me, you know, because

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<v Speaker 1>it took just this long to get our systems shick.

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<v Speaker 1>I didn't think we I didn't realize that we had

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<v Speaker 1>like a technical systems issue. I just thought like, oh,

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<v Speaker 1>taking really disorganized. And she's like, no, you guys are

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<v Speaker 1>not as unorganized as you think. It was more of

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<v Speaker 1>a systems issue, like you know, like your your your foundation,

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<v Speaker 1>you know. And so I was like, oh, yes, exactly,

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<v Speaker 1>process is issue. And I said I didn't realize because

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<v Speaker 1>like I had built the team and the company sans

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<v Speaker 1>technology because I didn't have it. So I was like, well,

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<v Speaker 1>I was building around technology because I was like I

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<v Speaker 1>don't know how to use that, so we'll just do

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<v Speaker 1>it like this, you know, like I'll give you an example,

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<v Speaker 1>which is so terrible, Like all of our if you

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<v Speaker 1>needed a password, we had a Google doc with every

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<v Speaker 1>password of like all hundreds of our passwords. So anybody

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<v Speaker 1>could have had this and be like, oh I own

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<v Speaker 1>your company.

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<v Speaker 2>Now what that's crazy. I would never do that for myself.

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<v Speaker 1>And so I was like, she was like, is this

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<v Speaker 1>real life, Tiffany, This can't be so if you like,

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<v Speaker 1>we had like a Google password sheet for our finance team,

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<v Speaker 1>our marketing team, so if you change a password on

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<v Speaker 1>one sheet, you'd have to go to all the everybody

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<v Speaker 1>else's sheet and tames the password and sometimes you forget

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<v Speaker 1>and everyone's like in slack, like, hey, does anybody know

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<v Speaker 1>the password for for you know, Stripe? No I changed it?

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<v Speaker 1>Did you change? It? Was a mess and she was okay, yeah,

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<v Speaker 1>so you see what I mean. So a lot of

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<v Speaker 1>what Danielle did was like it's almost like when you're

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<v Speaker 1>renovating a house. She fixed our plumbing and our electrical

0:11:33.920 --> 0:11:36.080
<v Speaker 1>and the things that you don't see in a home.

0:11:36.679 --> 0:11:39.560
<v Speaker 1>But so now we're running so much more smoothly. And

0:11:39.600 --> 0:11:41.160
<v Speaker 1>now that that's kind of we can kind of close

0:11:41.240 --> 0:11:43.839
<v Speaker 1>up the walls. Now she's coming on board. Actually helped

0:11:43.840 --> 0:11:46.760
<v Speaker 1>meet Tiffany, and so, like I said, I just made

0:11:46.760 --> 0:11:48.160
<v Speaker 1>her an offer today. I was like Danielle, She's like,

0:11:48.240 --> 0:11:50.280
<v Speaker 1>I know, I came to this one thing. Tiffany. I'm

0:11:50.280 --> 0:11:52.880
<v Speaker 1>so sorry. I'm like, no, a girl. I mean, I'm

0:11:52.880 --> 0:11:56.120
<v Speaker 1>so happy that you fixed our processes because we can't

0:11:56.120 --> 0:11:58.480
<v Speaker 1>build on a shaky house, and so now we can

0:11:58.520 --> 0:12:01.760
<v Speaker 1>we can build from there. And so much has happened.

0:12:01.760 --> 0:12:04.319
<v Speaker 1>Like one of the things that we've gotten better at,

0:12:04.320 --> 0:12:06.600
<v Speaker 1>Like so I have my online academy, the literature academy.

0:12:07.200 --> 0:12:10.160
<v Speaker 1>We redid one of our websites, and our churn rate,

0:12:10.200 --> 0:12:13.760
<v Speaker 1>which is the rate that people leave the academy, was

0:12:13.840 --> 0:12:15.720
<v Speaker 1>got as high as twenty one percent at one point,

0:12:15.720 --> 0:12:17.960
<v Speaker 1>meaning like for every hundred people that signed up, twenty

0:12:18.000 --> 0:12:21.320
<v Speaker 1>one canceled because we weren't as organized as we needed

0:12:21.320 --> 0:12:24.520
<v Speaker 1>to be. Within this six month span, our turnd rate

0:12:24.559 --> 0:12:28.280
<v Speaker 1>went down to six percent. That's tremendous. That means instead

0:12:28.320 --> 0:12:30.640
<v Speaker 1>of twenty one people leaving, only six people are leaving

0:12:30.679 --> 0:12:35.760
<v Speaker 1>for every hundred. That's tremendous. Like, you know, our lifetime

0:12:35.840 --> 0:12:38.560
<v Speaker 1>value of a customer, so before somebody would join with

0:12:38.640 --> 0:12:41.280
<v Speaker 1>us the academy is like ten bucks a month, and

0:12:41.400 --> 0:12:43.400
<v Speaker 1>each person would spend about one hundred and fifty dollars

0:12:43.440 --> 0:12:47.080
<v Speaker 1>with us before leaving. Now our lifetime value per customer

0:12:47.120 --> 0:12:49.559
<v Speaker 1>it's almost three hundred dollars, So people are spending twice

0:12:49.600 --> 0:12:52.760
<v Speaker 1>as long with us. And so like all of these,

0:12:52.840 --> 0:12:56.040
<v Speaker 1>like the processes and the organization behind the scenes, I mean,

0:12:56.360 --> 0:13:01.000
<v Speaker 1>it has translated into real changes in actual money. And

0:13:01.040 --> 0:13:03.319
<v Speaker 1>as a result, I've been able to give higher two

0:13:03.360 --> 0:13:05.800
<v Speaker 1>new people full time. I've been able to give raises

0:13:06.320 --> 0:13:07.920
<v Speaker 1>because I always tell the team that like, as the

0:13:07.920 --> 0:13:10.840
<v Speaker 1>company does better, so should you. So, you know, Danielle

0:13:10.840 --> 0:13:14.360
<v Speaker 1>being here, it's it's it's it's it's been transformational, and

0:13:14.440 --> 0:13:17.840
<v Speaker 1>that it's not just helped me personally to have a smoother,

0:13:18.760 --> 0:13:21.640
<v Speaker 1>better running like you know, team, it means that my

0:13:21.679 --> 0:13:24.240
<v Speaker 1>team can make more and I can actually hire more people.

0:13:24.520 --> 0:13:27.440
<v Speaker 1>And it's all Brown Girl Magic book up in here.

0:13:27.480 --> 0:13:30.199
<v Speaker 1>In Jabrill, my business partner, I always say, I'm like, yeah,

0:13:30.200 --> 0:13:33.760
<v Speaker 1>it's brown Girls and Gebro Andbrill. No.

0:13:33.920 --> 0:13:37.240
<v Speaker 2>I the value of having an outside person come in,

0:13:38.040 --> 0:13:41.120
<v Speaker 2>and I think like consultants, you know, capital c consultants

0:13:41.120 --> 0:13:43.000
<v Speaker 2>like professional ones get a bad rap. But you don't

0:13:43.000 --> 0:13:45.080
<v Speaker 2>need to have big money to just have someone with

0:13:45.480 --> 0:13:47.160
<v Speaker 2>like you said, you found someone with a certain skill

0:13:47.200 --> 0:13:49.040
<v Speaker 2>set or with a certain talent just come in and

0:13:49.400 --> 0:13:51.280
<v Speaker 2>like take a look at how you're running things and

0:13:51.280 --> 0:13:53.160
<v Speaker 2>make suggestions on how to make them better. And that's

0:13:53.160 --> 0:13:56.400
<v Speaker 2>something that any business manager, like whether you're an entrepreneur

0:13:56.679 --> 0:13:59.000
<v Speaker 2>or you work for a company, Like anybody can do that,

0:13:59.160 --> 0:14:02.439
<v Speaker 2>you know, just having someone from another department that you

0:14:02.480 --> 0:14:04.040
<v Speaker 2>don't work with every day come and take a look

0:14:04.040 --> 0:14:05.880
<v Speaker 2>at how you do things and then make and like

0:14:05.920 --> 0:14:07.920
<v Speaker 2>they'll point out things that you never thought of, like man,

0:14:07.920 --> 0:14:10.760
<v Speaker 2>why are you doing this this way? And that's part

0:14:10.760 --> 0:14:13.400
<v Speaker 2>of the reason I love having those those peer like

0:14:13.440 --> 0:14:15.560
<v Speaker 2>those peer meetups with people I know who are working

0:14:15.640 --> 0:14:18.000
<v Speaker 2>in media and other companies because I can tell them

0:14:18.000 --> 0:14:20.000
<v Speaker 2>how I do things and learn how they do things,

0:14:20.080 --> 0:14:23.560
<v Speaker 2>and then seal ideas from them and try and incorporate

0:14:23.560 --> 0:14:25.800
<v Speaker 2>them into what I'm doing. And it also it's nice

0:14:25.840 --> 0:14:28.720
<v Speaker 2>when they, you know, either compliment something that you're doing

0:14:28.840 --> 0:14:30.680
<v Speaker 2>or they take one of your ideas, and that that

0:14:30.880 --> 0:14:35.160
<v Speaker 2>idea exchange is so so crucial to success.

0:14:35.000 --> 0:14:36.760
<v Speaker 1>Because sometimes you're so used to walking on like a

0:14:36.760 --> 0:14:40.240
<v Speaker 1>broken leg that you forget that, like not everybody's limping,

0:14:40.400 --> 0:14:43.800
<v Speaker 1>you know, yeah, you know. So yeah, it's been great,

0:14:43.840 --> 0:14:45.840
<v Speaker 1>and so I'm excited for the next phase, which is

0:14:46.240 --> 0:14:48.640
<v Speaker 1>now more organizing me and the way I am as

0:14:48.680 --> 0:14:50.480
<v Speaker 1>a leader. So I'm excited that we finally got to

0:14:50.640 --> 0:14:54.600
<v Speaker 1>like what I originally hired her for. So like, like

0:14:54.680 --> 0:14:57.360
<v Speaker 1>I'm honestly, I really think that by this time next

0:14:57.440 --> 0:14:59.120
<v Speaker 1>year it's going to be a will be a totally

0:14:59.120 --> 0:15:02.600
<v Speaker 1>different company. I'm hoping to triple, it's not quadruple what

0:15:02.640 --> 0:15:04.640
<v Speaker 1>we make because I want to be able to My

0:15:05.000 --> 0:15:08.000
<v Speaker 1>goal is to be able to hire everyone full time

0:15:08.400 --> 0:15:10.320
<v Speaker 1>to be able to our twenty twenty goal is to

0:15:10.360 --> 0:15:13.360
<v Speaker 1>make the average income six figures. So we have like

0:15:13.560 --> 0:15:15.920
<v Speaker 1>a goal sheet and a goal chart and like a

0:15:16.080 --> 0:15:21.600
<v Speaker 1>specific like a game plan of getting there, and to

0:15:21.600 --> 0:15:25.560
<v Speaker 1>be able to offer health insurance as well as retirement benefits.

0:15:25.680 --> 0:15:28.280
<v Speaker 1>So that's our twenty twenty goal. So health insurance, retirement

0:15:28.360 --> 0:15:31.080
<v Speaker 1>benefits will go on to effect early next year, and

0:15:31.680 --> 0:15:34.200
<v Speaker 1>we should be like halfway to our goal by early

0:15:34.200 --> 0:15:38.040
<v Speaker 1>next year, because we're about I want to say, thirty

0:15:38.080 --> 0:15:40.720
<v Speaker 1>percent to our goal now. And so this is a

0:15:40.720 --> 0:15:42.640
<v Speaker 1>goal that we set forth earlier on in the year

0:15:43.160 --> 0:15:46.640
<v Speaker 1>because I feel like this that I want to run

0:15:46.720 --> 0:15:49.840
<v Speaker 1>a company and just my life and that everyone that

0:15:50.120 --> 0:15:55.760
<v Speaker 1>I touch should benefit, meaning that if so dream Catchers,

0:15:55.760 --> 0:15:58.800
<v Speaker 1>you know, y'all your benefit because we give away financial

0:15:58.800 --> 0:16:01.760
<v Speaker 1>information for free or super low cost on purpose. But

0:16:02.160 --> 0:16:07.520
<v Speaker 1>the people that help make that goal reality, they should

0:16:07.560 --> 0:16:10.120
<v Speaker 1>benefit too. They should be paid well, and you know,

0:16:10.280 --> 0:16:13.080
<v Speaker 1>and so and any partner that I'm like, hey, you know,

0:16:13.560 --> 0:16:15.800
<v Speaker 1>I love your tool, you should benefit. I just feel

0:16:15.800 --> 0:16:18.520
<v Speaker 1>like that I want to create a win win win

0:16:18.920 --> 0:16:22.600
<v Speaker 1>environment where everyone involved in the process, everyone receiving and

0:16:22.680 --> 0:16:26.760
<v Speaker 1>everyone giving benefits. And my team is so amazing, and

0:16:27.040 --> 0:16:29.000
<v Speaker 1>I want them to say I make more than enough

0:16:29.040 --> 0:16:31.880
<v Speaker 1>to support myself and my family. Most of them are moms,

0:16:31.920 --> 0:16:35.080
<v Speaker 1>with a lot of them have young kids. When I

0:16:35.080 --> 0:16:38.360
<v Speaker 1>first started, like really building my team last year, honestly, Mandy,

0:16:38.400 --> 0:16:40.680
<v Speaker 1>I was paying eleven dollars an hour out of pocket

0:16:41.480 --> 0:16:43.800
<v Speaker 1>because the business wasn't making any money. Like the budget

0:16:43.840 --> 0:16:47.560
<v Speaker 1>Nista was making some but the academy wasn't making any money.

0:16:47.600 --> 0:16:49.800
<v Speaker 1>It was failing. But I believed in it because I

0:16:49.840 --> 0:16:51.200
<v Speaker 1>was like, no, there has to be a way to

0:16:51.360 --> 0:16:55.440
<v Speaker 1>offer next level services to women, especially women of color,

0:16:55.520 --> 0:16:57.440
<v Speaker 1>and not charge your arm and alike I refuse to

0:16:57.520 --> 0:16:59.920
<v Speaker 1>charge more than ten bucks a month. I's like, no,

0:17:00.280 --> 0:17:02.080
<v Speaker 1>there has to be a way. I hadn't figured it

0:17:02.120 --> 0:17:05.000
<v Speaker 1>out yet, so I was paying people from my savings account,

0:17:05.240 --> 0:17:07.280
<v Speaker 1>and I was like, all I could afford was eleven

0:17:07.320 --> 0:17:10.480
<v Speaker 1>dollars an hour, and people worked for me like people

0:17:10.520 --> 0:17:13.000
<v Speaker 1>work for me. And now those same people make five figures,

0:17:13.080 --> 0:17:16.080
<v Speaker 1>you know, like a decent five figure salary within a year,

0:17:16.800 --> 0:17:19.960
<v Speaker 1>and so we are approaching that goal of six figures.

0:17:20.000 --> 0:17:23.560
<v Speaker 1>And I'm just always grateful that people stuck with it,

0:17:23.640 --> 0:17:26.119
<v Speaker 1>and obviously they weren't there for the money because I

0:17:26.160 --> 0:17:28.119
<v Speaker 1>wasn't able to pay much. And now we pay a

0:17:28.200 --> 0:17:31.159
<v Speaker 1>decent salary, but not as much as I want. And

0:17:31.440 --> 0:17:32.919
<v Speaker 1>I just can't wait for the day where I'm like,

0:17:33.640 --> 0:17:36.080
<v Speaker 1>I can pay one hundred thousand dollars like on average

0:17:36.160 --> 0:17:38.680
<v Speaker 1>to the people on my team, you know, like that

0:17:38.760 --> 0:17:42.280
<v Speaker 1>would make me feel like just awesome, knowing that you

0:17:42.320 --> 0:17:44.720
<v Speaker 1>get to do good work, you know, you get to

0:17:44.760 --> 0:17:47.359
<v Speaker 1>make good money, and you get to help good people.

0:17:47.440 --> 0:17:50.680
<v Speaker 1>And so that's my ultimate goal for everyone involved.

0:17:51.000 --> 0:17:54.960
<v Speaker 2>If only every CEO also felt the same way about

0:17:55.000 --> 0:17:56.960
<v Speaker 2>their company, because I think at a certain point, you

0:17:57.000 --> 0:17:59.080
<v Speaker 2>get to like, you know, I watch these shows on CNBC,

0:17:59.240 --> 0:18:01.920
<v Speaker 2>like The Profit, and these experts come in and the

0:18:01.960 --> 0:18:04.000
<v Speaker 2>first thing they they say, it's, okay, how do we

0:18:04.040 --> 0:18:07.080
<v Speaker 2>reduce costs? And if that if the cost is employees,

0:18:07.119 --> 0:18:09.600
<v Speaker 2>it's like, okay, who we're going to cut? Or you know,

0:18:09.920 --> 0:18:12.280
<v Speaker 2>how can we outsources out of the country so we

0:18:12.320 --> 0:18:15.080
<v Speaker 2>can save money on headcount and stuff. And I mean,

0:18:15.080 --> 0:18:19.800
<v Speaker 2>I think that that's extraordinary and unique, and it's not

0:18:19.840 --> 0:18:23.680
<v Speaker 2>something that all business owners think about, especially when you're

0:18:23.800 --> 0:18:26.520
<v Speaker 2>you know, most everybody is worried about the bottom line

0:18:26.520 --> 0:18:29.960
<v Speaker 2>and how to do that. But that's an awesome goal,

0:18:30.040 --> 0:18:32.920
<v Speaker 2>Like how can you run a profitable business but also

0:18:33.520 --> 0:18:36.400
<v Speaker 2>make the people who work for you profitable and successful

0:18:36.400 --> 0:18:36.800
<v Speaker 2>as well?

0:18:38.000 --> 0:18:40.280
<v Speaker 1>There's a great uh you know the guy, uh what

0:18:40.400 --> 0:18:45.160
<v Speaker 1>is that Sam Adams, like the be the guy who

0:18:45.240 --> 0:18:47.359
<v Speaker 1>started at the Founder. I was listening to him on

0:18:47.760 --> 0:18:50.320
<v Speaker 1>interview and that's what kind of like it gave me

0:18:50.359 --> 0:18:53.879
<v Speaker 1>the spark. He was like, I am the average worker

0:18:54.080 --> 0:18:57.240
<v Speaker 1>of his who work for work for Sam Adams, I

0:18:57.240 --> 0:18:59.359
<v Speaker 1>think makes like seventy five thousand dollar years something like.

0:18:59.359 --> 0:19:01.040
<v Speaker 1>He's like, these are you know, these are not like

0:19:02.080 --> 0:19:05.119
<v Speaker 1>the jobs are not like oh CEO or you know,

0:19:05.320 --> 0:19:09.240
<v Speaker 1>CFO whatever. These are just regular, regular people with regular jobs.

0:19:09.280 --> 0:19:11.760
<v Speaker 1>But the average worker makes seventy five thousand and I

0:19:11.760 --> 0:19:14.000
<v Speaker 1>thought to myself, and he said he did it perfect

0:19:14.000 --> 0:19:16.960
<v Speaker 1>because he came from a blue blue collar, working class family.

0:19:17.000 --> 0:19:19.000
<v Speaker 1>And he was like, I wanted to have good jobs

0:19:19.000 --> 0:19:21.720
<v Speaker 1>for good people. And I remember thinking like, well, what

0:19:21.800 --> 0:19:23.919
<v Speaker 1>does that look like for you, Tiffany, how do I

0:19:24.000 --> 0:19:26.960
<v Speaker 1>do that for your team? And so I'm obsessed with

0:19:27.040 --> 0:19:29.320
<v Speaker 1>our numbers. Honestly, like my CFO and I we talk

0:19:29.400 --> 0:19:31.720
<v Speaker 1>two or three times a week, like I'm the numbers

0:19:31.760 --> 0:19:33.760
<v Speaker 1>and numbers, because one of the ways you do that

0:19:33.960 --> 0:19:37.520
<v Speaker 1>is that you have to figure out for your industry

0:19:38.040 --> 0:19:43.720
<v Speaker 1>what percentage of your payroll what's what's safe. So for

0:19:44.840 --> 0:19:49.440
<v Speaker 1>a service industry, thirty percent of where gross income can

0:19:49.480 --> 0:19:51.639
<v Speaker 1>go toward payroll. That's kind of like the max. Now,

0:19:51.680 --> 0:19:54.040
<v Speaker 1>if you've got like a like let's just say you

0:19:54.080 --> 0:19:57.360
<v Speaker 1>have glasses, so you can't do thirty percent of your payroll.

0:19:57.440 --> 0:19:59.840
<v Speaker 1>It might be fifteen percent of your payroll because you

0:19:59.840 --> 0:20:02.040
<v Speaker 1>have also buy inventory for glasses. But we don't have

0:20:02.080 --> 0:20:06.040
<v Speaker 1>to buy inventory. So knowing that, I hover our payroll

0:20:06.480 --> 0:20:09.720
<v Speaker 1>amount at about twenty twenty five percent maximum, because what

0:20:09.760 --> 0:20:13.160
<v Speaker 1>that means is that I never miss I have never

0:20:13.320 --> 0:20:16.280
<v Speaker 1>missed a payroll if even have to pay for it

0:20:16.359 --> 0:20:19.600
<v Speaker 1>out of pocket. And so I'm always very strategic and

0:20:19.640 --> 0:20:22.440
<v Speaker 1>that as we grow, we're not going to go above

0:20:22.480 --> 0:20:24.879
<v Speaker 1>that twenty twenty five percent mark because that guarantees that

0:20:24.880 --> 0:20:27.600
<v Speaker 1>we don't miss payroll. It guarantees that I, if I

0:20:27.640 --> 0:20:30.240
<v Speaker 1>make your promise that now you're making fifty thousand dollars

0:20:30.280 --> 0:20:33.200
<v Speaker 1>a year, that I'm not over extending myself because maybe

0:20:33.200 --> 0:20:36.960
<v Speaker 1>maybe we could afford sixty, but that would put us

0:20:37.040 --> 0:20:39.680
<v Speaker 1>on the edge. So I much rather say one hundred

0:20:39.720 --> 0:20:44.239
<v Speaker 1>percent fifty than sixty percent sixty, you know, And like

0:20:44.880 --> 0:20:48.000
<v Speaker 1>I make That's the way I think when we're as

0:20:48.000 --> 0:20:51.040
<v Speaker 1>I elevate and grow businesses that I don't make a

0:20:51.520 --> 0:20:55.520
<v Speaker 1>payroll promise that we can't keep one hundred and ten percent.

0:20:55.960 --> 0:20:57.560
<v Speaker 1>And two. One of the things I tell Rachel my

0:20:57.640 --> 0:20:59.560
<v Speaker 1>CFO is I want us to have and we have

0:20:59.640 --> 0:21:02.800
<v Speaker 1>this now, a year's worth of payroll saved, because I'm

0:21:02.840 --> 0:21:05.000
<v Speaker 1>like the biggest worry where I remember what it felt

0:21:05.040 --> 0:21:08.000
<v Speaker 1>like when my school closed and they told us three

0:21:08.080 --> 0:21:11.359
<v Speaker 1>days before school was supposed to open, and we want

0:21:11.440 --> 0:21:13.919
<v Speaker 1>I had no money. The summertime was just wrapping up,

0:21:13.960 --> 0:21:16.040
<v Speaker 1>so I had already spent all of my summertime savings.

0:21:16.320 --> 0:21:19.439
<v Speaker 1>And we're supposed to start school September third, and it

0:21:19.560 --> 0:21:23.000
<v Speaker 1>was September first, and they're like, oh yeah, so no school.

0:21:23.080 --> 0:21:25.240
<v Speaker 1>And I'm like, but what am I supposed to do

0:21:25.320 --> 0:21:27.680
<v Speaker 1>about my bills? What am I supposed to be about my mortgage?

0:21:27.720 --> 0:21:31.159
<v Speaker 1>It was so disruptive and that stuck with me and

0:21:31.200 --> 0:21:33.679
<v Speaker 1>I said, I will never ever do that to someone.

0:21:33.920 --> 0:21:36.880
<v Speaker 1>So we keep a year's worth of savings. So let's

0:21:36.880 --> 0:21:39.000
<v Speaker 1>just say the federal government changes the law and says

0:21:39.040 --> 0:21:41.760
<v Speaker 1>no more financial education online, or the budget needs to

0:21:41.960 --> 0:21:45.280
<v Speaker 1>has a scandal, or the academy closes. I can still

0:21:45.320 --> 0:21:47.840
<v Speaker 1>pay employees for a year until we figure out what

0:21:47.920 --> 0:21:51.080
<v Speaker 1>to do, or until we wrap up the company and say,

0:21:51.320 --> 0:21:54.399
<v Speaker 1>unfortunately we're out of business, but you have a year

0:21:55.200 --> 0:21:57.760
<v Speaker 1>to feed your families, figure out what to do, figure

0:21:57.800 --> 0:21:59.040
<v Speaker 1>out that you're going to tell you how you know,

0:21:59.040 --> 0:22:00.639
<v Speaker 1>whatever it is that you're going to do, because I

0:22:00.640 --> 0:22:02.800
<v Speaker 1>said I would never put somebody else through that. But

0:22:02.880 --> 0:22:06.680
<v Speaker 1>so yeah, we're just really careful because I use what

0:22:07.119 --> 0:22:09.560
<v Speaker 1>it felt like being an employee to be like, well,

0:22:09.640 --> 0:22:13.480
<v Speaker 1>how do I how do I give my employees what

0:22:13.560 --> 0:22:18.560
<v Speaker 1>I needed as an employee to feel financially secure and safe?

0:22:18.560 --> 0:22:21.320
<v Speaker 1>And that's why having like the processes and the systems

0:22:21.320 --> 0:22:23.040
<v Speaker 1>and all the other stuff, because I if something were

0:22:23.119 --> 0:22:24.480
<v Speaker 1>to happen to me, I want to make sure that

0:22:24.520 --> 0:22:27.360
<v Speaker 1>they're okay if I'm not here anymore. We have things

0:22:27.400 --> 0:22:29.800
<v Speaker 1>in place that they'll still be able to run the

0:22:29.840 --> 0:22:32.840
<v Speaker 1>company and be okay with without me. It's a lot, honestly,

0:22:32.880 --> 0:22:35.199
<v Speaker 1>being an entrepreneur. I just thought I was gonna help

0:22:35.200 --> 0:22:37.000
<v Speaker 1>people with budgets you know, I thought I was gonna

0:22:37.000 --> 0:22:39.360
<v Speaker 1>come to your house and say hey, Mandy, And this

0:22:39.400 --> 0:22:42.199
<v Speaker 1>is how you say I didn't think. I didn't. I

0:22:42.240 --> 0:22:43.560
<v Speaker 1>didn't know what was going to be all of that.

0:22:43.680 --> 0:22:46.800
<v Speaker 1>And I'm grateful for the for the ability to do this,

0:22:46.920 --> 0:22:50.960
<v Speaker 1>but it's so much more than just that. It's the

0:22:51.000 --> 0:22:53.240
<v Speaker 1>people who are involved. It's just so much more and

0:22:53.520 --> 0:22:56.640
<v Speaker 1>it's fulfilling. But it's also a little scary because when

0:22:56.680 --> 0:22:58.040
<v Speaker 1>I talk to Rachel on the phone and I hear

0:22:58.080 --> 0:23:00.000
<v Speaker 1>her baby crying, you know, I'm like, oh my god,

0:23:00.200 --> 0:23:02.800
<v Speaker 1>it's not just at ch'all. I just has to work

0:23:02.840 --> 0:23:05.280
<v Speaker 1>for all of us, and Tamar and her her nine

0:23:05.320 --> 0:23:07.280
<v Speaker 1>year olds in the background. It's not just it's just

0:23:07.320 --> 0:23:09.720
<v Speaker 1>not just Tamra. It's her nine year old. It's not

0:23:09.760 --> 0:23:12.720
<v Speaker 1>just YadA Les, it's her, you know, a one year old.

0:23:12.720 --> 0:23:16.680
<v Speaker 1>It's just so many people, you know, are dependent on

0:23:16.760 --> 0:23:20.800
<v Speaker 1>this working, and so it's a lot of pressure. But

0:23:20.880 --> 0:23:23.000
<v Speaker 1>it's also like, really, like I said, a lot of

0:23:23.040 --> 0:23:25.159
<v Speaker 1>fulfillment to be able to do this work.

0:23:25.880 --> 0:23:28.280
<v Speaker 2>Yeah, I don't screw it up, I know right now.

0:23:28.280 --> 0:23:30.679
<v Speaker 1>I'm like, jeez, this is why I work so hard.

0:23:30.720 --> 0:23:33.040
<v Speaker 1>When people are like people get mad when they ask

0:23:33.080 --> 0:23:34.639
<v Speaker 1>you to do stuff for free, or they're like, Tippy,

0:23:34.640 --> 0:23:35.879
<v Speaker 1>can you do this, this and that? And I'm like,

0:23:35.920 --> 0:23:38.000
<v Speaker 1>I really can't, and they're like I thought you were

0:23:38.000 --> 0:23:40.800
<v Speaker 1>for the people. I'm like, yo, I work seventy week.

0:23:41.119 --> 0:23:43.440
<v Speaker 1>Like it's when I'm saying I can't, it's not because

0:23:43.480 --> 0:23:45.880
<v Speaker 1>I'm trying to be like Bougie to be like I can't.

0:23:46.000 --> 0:23:47.760
<v Speaker 1>I can't because it's like at some point I have

0:23:47.840 --> 0:23:49.919
<v Speaker 1>to be a wife, Like at some point, I've got

0:23:49.960 --> 0:23:52.680
<v Speaker 1>to make dinner for Supergirl, like I have to save

0:23:52.840 --> 0:23:56.320
<v Speaker 1>something for like my niece, my nephew, my sisters, my cousins,

0:23:56.359 --> 0:23:58.199
<v Speaker 1>my you know. And I don't even say it as

0:23:58.280 --> 0:24:00.440
<v Speaker 1>much as I ought to, quite honestly. I I'm always

0:24:00.480 --> 0:24:03.760
<v Speaker 1>feeling guilty about not spending enough time on like real

0:24:03.840 --> 0:24:06.760
<v Speaker 1>Tiffany life because I give so much to everybody on

0:24:06.800 --> 0:24:10.280
<v Speaker 1>the outside. So yeah, it's a lot of pressure. And I,

0:24:11.280 --> 0:24:12.760
<v Speaker 1>you know, I was like a C student. I don't

0:24:12.760 --> 0:24:16.479
<v Speaker 1>know where all this is coming from. I don't know.

0:24:16.640 --> 0:24:19.879
<v Speaker 2>I like it seems like, well, obviously you're learning a

0:24:19.920 --> 0:24:21.359
<v Speaker 2>lot on the go, and it's not like it's your

0:24:21.359 --> 0:24:23.960
<v Speaker 2>first It's not like you just started the Budgetista yesterday.

0:24:23.960 --> 0:24:25.680
<v Speaker 2>Come on, you've been doing this for a long ass time.

0:24:26.720 --> 0:24:29.879
<v Speaker 2>But I also think that just the emphasis when you're working,

0:24:29.960 --> 0:24:32.080
<v Speaker 2>when you have a team and or you're building a

0:24:32.119 --> 0:24:35.280
<v Speaker 2>team on not just paying them but then also creating

0:24:35.280 --> 0:24:37.400
<v Speaker 2>a loyal team. And one way it sounds like you're

0:24:37.440 --> 0:24:39.879
<v Speaker 2>doing that is by giving them like a stretch, like

0:24:39.960 --> 0:24:42.240
<v Speaker 2>letting them know what your vision is like for their

0:24:42.280 --> 0:24:45.040
<v Speaker 2>futures in the future of the Budgetista and you know,

0:24:45.359 --> 0:24:48.760
<v Speaker 2>or Tiffany Incorporated or whatever it's going to be, and

0:24:49.320 --> 0:24:51.760
<v Speaker 2>how they fit into that overall picture. Because that's something

0:24:51.800 --> 0:24:54.120
<v Speaker 2>that that's something that drives me every day at my job.

0:24:54.200 --> 0:24:56.400
<v Speaker 2>Is not just the paycheck that I get. I mean,

0:24:56.440 --> 0:24:59.160
<v Speaker 2>that's nice, but it's also the fact that I'm constantly

0:24:59.200 --> 0:25:03.760
<v Speaker 2>being challenged, fact that you know, my my my boss

0:25:03.800 --> 0:25:07.320
<v Speaker 2>and manager keeps me in the loop about what's coming up,

0:25:07.320 --> 0:25:09.560
<v Speaker 2>that coming down the road and what I can expect,

0:25:09.560 --> 0:25:12.800
<v Speaker 2>and that motivates me. And it's not always just tied

0:25:12.840 --> 0:25:16.080
<v Speaker 2>to pay. And also I think it creates loyalty, especially

0:25:16.119 --> 0:25:18.399
<v Speaker 2>in this job market, Like there's articles in the paper

0:25:18.400 --> 0:25:20.560
<v Speaker 2>about how some employers can't even get people to show

0:25:20.600 --> 0:25:23.200
<v Speaker 2>up for interviews because the job market is so good

0:25:23.320 --> 0:25:25.840
<v Speaker 2>right now, people are just not showing up. They can

0:25:25.960 --> 0:25:28.560
<v Speaker 2>take any job that they want. I mean some places

0:25:28.560 --> 0:25:31.680
<v Speaker 2>they can't even fill positions because everyone is so highly

0:25:31.800 --> 0:25:34.000
<v Speaker 2>educated now, or there's just all these jobs out there,

0:25:34.000 --> 0:25:37.480
<v Speaker 2>so it's it's it's definitely like an employee an employees

0:25:37.600 --> 0:25:40.840
<v Speaker 2>market at this point in time all that. Oh yeah, yeah,

0:25:40.880 --> 0:25:42.879
<v Speaker 2>it seems I mean, I don't think in all industries,

0:25:42.920 --> 0:25:46.960
<v Speaker 2>but personally, I know I've struggled to hire editors and

0:25:47.000 --> 0:25:49.560
<v Speaker 2>writers when I've had open positions because it seems like

0:25:49.640 --> 0:25:51.879
<v Speaker 2>everyone in their mom is hiring a content team right

0:25:51.960 --> 0:25:54.320
<v Speaker 2>now to do to writing, to you know, to be

0:25:54.320 --> 0:25:56.240
<v Speaker 2>a writer and editor. And I've had so many headhunters

0:25:56.280 --> 0:26:00.640
<v Speaker 2>reach out to me about open executive editor positions at

0:26:00.640 --> 0:26:05.240
<v Speaker 2>other at other companies, and I'm like, oh, well, I'm fine.

0:26:06.040 --> 0:26:09.119
<v Speaker 2>It just seems like, yeah, the judge, the economy is

0:26:09.160 --> 0:26:13.080
<v Speaker 2>doing really well and people are hiring, so to retain employees,

0:26:13.119 --> 0:26:15.600
<v Speaker 2>it takes so much more. That's why you see these

0:26:15.640 --> 0:26:17.920
<v Speaker 2>companies have to compete. I mean, that's why you see

0:26:17.960 --> 0:26:22.600
<v Speaker 2>these companies offering crazy maternity and family lief benefits now,

0:26:22.640 --> 0:26:25.160
<v Speaker 2>because not because they have to, obviously, they don't because

0:26:25.200 --> 0:26:28.720
<v Speaker 2>not the federal government requires it, but as a recruitment effort,

0:26:28.960 --> 0:26:32.760
<v Speaker 2>you know, conference budgets like extra stuff, the sprinkles, the

0:26:33.320 --> 0:26:34.840
<v Speaker 2>you know, and as it and I'm talking to anyone

0:26:34.840 --> 0:26:37.359
<v Speaker 2>who's a full time employee, I mean, I think that's

0:26:37.640 --> 0:26:40.159
<v Speaker 2>you have to look at those tangential benefits and if

0:26:40.160 --> 0:26:42.840
<v Speaker 2>you're not getting them from an employer, start looking elsewhere

0:26:42.920 --> 0:26:45.840
<v Speaker 2>or start asking for them, or you know, it's you know,

0:26:45.880 --> 0:26:48.160
<v Speaker 2>if you're an employee, excuse me, if you're an employer

0:26:48.160 --> 0:26:51.000
<v Speaker 2>and not finding other ways to add value to your

0:26:51.080 --> 0:26:54.560
<v Speaker 2>employees experience. You can't take for granted that they're just

0:26:54.600 --> 0:26:57.560
<v Speaker 2>going to show up because they need a paycheck, you know.

0:26:57.560 --> 0:26:59.120
<v Speaker 1>Because they can get a paycheck anywhere.

0:26:59.440 --> 0:27:02.080
<v Speaker 2>And these days, yeah, these days, wow, it's not too

0:27:02.160 --> 0:27:04.520
<v Speaker 2>it's not twenty ten anymore, where everyone's just like begging

0:27:04.560 --> 0:27:07.160
<v Speaker 2>for whatever. When a Mandy Woodroff was willing to take

0:27:07.160 --> 0:27:09.280
<v Speaker 2>a ten thousand dollars paycheck just to get any job.

0:27:10.480 --> 0:27:12.640
<v Speaker 2>Those days are gone, at least for the time being.

0:27:13.440 --> 0:27:17.600
<v Speaker 2>And it's super difficult to recruit as managers out there.

0:27:17.640 --> 0:27:19.600
<v Speaker 2>So if you've got a good loyal team, they're worth

0:27:19.720 --> 0:27:20.359
<v Speaker 2>like gold.

0:27:20.560 --> 0:27:24.280
<v Speaker 1>There are and honestly, our team is like magic Mandy. Honestly,

0:27:24.320 --> 0:27:26.159
<v Speaker 1>there's there's not a day that doesn't go by that

0:27:26.200 --> 0:27:28.880
<v Speaker 1>I don't shake my head. And I'm not like, yo,

0:27:28.920 --> 0:27:32.560
<v Speaker 1>how everyone is so dope? Like what I think of,

0:27:32.720 --> 0:27:35.600
<v Speaker 1>Like Sylvia who helps me to manage the Facebook group.

0:27:35.600 --> 0:27:38.520
<v Speaker 1>It's three hundred and fifty thousand women with all these

0:27:38.560 --> 0:27:41.360
<v Speaker 1>different mindsets and egos and this and that, and Sylvia

0:27:41.600 --> 0:27:44.720
<v Speaker 1>manages it with like grace and poise and humor. And

0:27:45.200 --> 0:27:48.080
<v Speaker 1>when like one time she switched positions to something else

0:27:48.119 --> 0:27:50.280
<v Speaker 1>in the in the group fell apart in like three days,

0:27:50.760 --> 0:27:55.040
<v Speaker 1>and I was like Sylvia, and she is just hilarious

0:27:55.040 --> 0:27:58.840
<v Speaker 1>and funny. And somehow, because literally the face Facebook, social

0:27:58.880 --> 0:28:02.280
<v Speaker 1>media can be very place, and somehow she keeps that

0:28:02.359 --> 0:28:06.120
<v Speaker 1>place light and when she's there, the negativity is down

0:28:06.160 --> 0:28:09.000
<v Speaker 1>to next to nothing. And I'm like wow. And you know,

0:28:09.119 --> 0:28:11.159
<v Speaker 1>I think about yad aleast when she came out. She

0:28:11.200 --> 0:28:14.280
<v Speaker 1>was an intern. She's like twenty, like twenty three, twenty

0:28:14.280 --> 0:28:17.200
<v Speaker 1>four years old, and she was like her millennial eyes

0:28:17.240 --> 0:28:19.960
<v Speaker 1>were like, why do courses look like this? This is

0:28:20.000 --> 0:28:22.640
<v Speaker 1>not it's not cute, it's not it's not easy to navigate.

0:28:22.760 --> 0:28:25.200
<v Speaker 1>And she came and totally transformed the way we deliver

0:28:25.960 --> 0:28:29.680
<v Speaker 1>some of our coursework and it's beautiful now. And she's amazing.

0:28:29.760 --> 0:28:32.480
<v Speaker 1>And I think of Rachel, who like, Yo, Rachel, I've

0:28:32.520 --> 0:28:35.760
<v Speaker 1>got three companies that she manages the finances for and

0:28:35.800 --> 0:28:38.400
<v Speaker 1>somehow keeps it all together and has every number that

0:28:38.480 --> 0:28:40.440
<v Speaker 1>could ever dream of. I'm like, Rachel, what about the

0:28:40.520 --> 0:28:43.680
<v Speaker 1>on the fifth of November at two pm? How did

0:28:43.720 --> 0:28:43.920
<v Speaker 1>we do?

0:28:44.240 --> 0:28:44.480
<v Speaker 2>You know?

0:28:45.680 --> 0:28:47.920
<v Speaker 1>And she's awesome. And then like I said Danielle who

0:28:47.960 --> 0:28:51.280
<v Speaker 1>I talked about, she is also be Karen. Oh my god,

0:28:51.320 --> 0:28:53.520
<v Speaker 1>Karen is my Everybody on the team has like we

0:28:53.560 --> 0:28:55.560
<v Speaker 1>call ourselves a like a we have a buddy system

0:28:55.560 --> 0:28:58.200
<v Speaker 1>and then everyone has someone who is their buddy who

0:28:58.240 --> 0:29:00.000
<v Speaker 1>knows how to do their core deliverables just in case

0:29:00.080 --> 0:29:01.960
<v Speaker 1>they're sick or just don't feel like it, so you know,

0:29:01.960 --> 0:29:03.400
<v Speaker 1>you can hit your buddy up and say, girl, can

0:29:03.400 --> 0:29:06.080
<v Speaker 1>you help me today? So Karen is my buddy, and

0:29:06.160 --> 0:29:07.760
<v Speaker 1>so she has to know how to do all that

0:29:07.800 --> 0:29:09.920
<v Speaker 1>I know how to do, except for like the financial

0:29:10.000 --> 0:29:13.680
<v Speaker 1>education piece, like standing on stage. But so Karen is

0:29:13.720 --> 0:29:16.400
<v Speaker 1>like she just started. And when I say sometimes she's

0:29:16.440 --> 0:29:21.680
<v Speaker 1>more tivity than Tiffany. She's amazing and Jabrell, my business partner,

0:29:21.680 --> 0:29:24.000
<v Speaker 1>who I am so blessed and had. He took us

0:29:24.000 --> 0:29:26.080
<v Speaker 1>from six figures to seven figures in a matter of

0:29:26.160 --> 0:29:30.880
<v Speaker 1>a few years. And yeah, the team is I don't

0:29:30.880 --> 0:29:32.640
<v Speaker 1>even know what I would do without them, honestly, and

0:29:32.720 --> 0:29:36.280
<v Speaker 1>they worked tirelessly. I mean, I'm like, you think I

0:29:36.280 --> 0:29:38.280
<v Speaker 1>don't sleep, I'm like, do you guys sleep? And I

0:29:38.320 --> 0:29:40.360
<v Speaker 1>don't even have a kid. I mean, I have Supergirl,

0:29:40.400 --> 0:29:43.440
<v Speaker 1>but Supergirl's grown, she's like twenty five. I mean she's eleven,

0:29:43.480 --> 0:29:47.120
<v Speaker 1>but you know, girl in adult years, an eleven year

0:29:47.160 --> 0:29:50.560
<v Speaker 1>old girl as a twenty five year old man basically,

0:29:51.360 --> 0:29:54.239
<v Speaker 1>And so like, yeah, no, it's just And then at

0:29:54.240 --> 0:29:56.000
<v Speaker 1>the same time, you know, trying to renovate the house

0:29:56.040 --> 0:30:00.880
<v Speaker 1>and you know we're still newly wets all the other stuff.

0:30:00.880 --> 0:30:02.880
<v Speaker 1>But yeah, no, but that was a good I know,

0:30:02.920 --> 0:30:04.240
<v Speaker 1>that was a deep dieting. Really how much I did

0:30:04.360 --> 0:30:06.160
<v Speaker 1>get off my chest? Sorry guys for the rant. No,

0:30:06.160 --> 0:30:07.680
<v Speaker 1>no more business talk for a while.

0:30:08.760 --> 0:30:11.280
<v Speaker 2>No, I think it's so insightful and it's for me.

0:30:11.840 --> 0:30:14.320
<v Speaker 2>I mean, obviously I knew that you have such a

0:30:14.320 --> 0:30:16.680
<v Speaker 2>great mind for business, but not just business, but people first,

0:30:16.680 --> 0:30:19.080
<v Speaker 2>and that people first orientation because I've worked for a

0:30:19.120 --> 0:30:21.120
<v Speaker 2>lot of companies and a lot of different you know,

0:30:21.160 --> 0:30:22.840
<v Speaker 2>and I've seen a lot, and I feel like that

0:30:23.040 --> 0:30:25.400
<v Speaker 2>I understand why they're working so hard for you, because

0:30:25.480 --> 0:30:28.400
<v Speaker 2>you care about them and you're working just as hard

0:30:28.400 --> 0:30:30.080
<v Speaker 2>as they are, and you know, you have all the

0:30:30.840 --> 0:30:33.160
<v Speaker 2>everything I think that people will be looking for in

0:30:33.200 --> 0:30:36.600
<v Speaker 2>a like a quick growing where you can come in

0:30:36.640 --> 0:30:39.040
<v Speaker 2>on the ground floor, like be a part of something

0:30:39.080 --> 0:30:41.440
<v Speaker 2>that's growing and see that growth is so like, nothing's

0:30:41.480 --> 0:30:44.240
<v Speaker 2>more rewarding than that. So as long as you don't

0:30:44.240 --> 0:30:48.080
<v Speaker 2>screw it up, I'm kidding, I love you.

0:31:07.920 --> 0:31:10.360
<v Speaker 1>We have some awesome coquestions.

0:31:10.880 --> 0:31:13.680
<v Speaker 2>We do, got a couple questions in the inbox. All right,

0:31:13.720 --> 0:31:16.960
<v Speaker 2>So a first question comes from listener Keisha. Keisha says,

0:31:17.000 --> 0:31:20.160
<v Speaker 2>first of all three people, Tiffany started their emails with so,

0:31:22.400 --> 0:31:25.920
<v Speaker 2>and I feel like you're starting to have an impact

0:31:25.960 --> 0:31:26.480
<v Speaker 2>on the people.

0:31:26.880 --> 0:31:29.120
<v Speaker 1>Yo. That is so terrible because that is not the

0:31:29.120 --> 0:31:30.040
<v Speaker 1>way you started sending some.

0:31:30.400 --> 0:31:33.480
<v Speaker 2>Don't start saying that way. So Tiffany says, so, I

0:31:33.480 --> 0:31:36.600
<v Speaker 2>mean sorry. Keisha says, So, I am this close to

0:31:36.640 --> 0:31:39.000
<v Speaker 2>getting a student loan. I'm in graduate school and only

0:31:39.000 --> 0:31:41.800
<v Speaker 2>make enough through my assistantship. To cover my mortgage bills

0:31:41.840 --> 0:31:45.160
<v Speaker 2>and a few expenses. I don't currently have any student loans,

0:31:45.240 --> 0:31:46.920
<v Speaker 2>but I want to have a cushion, and I know

0:31:47.000 --> 0:31:49.440
<v Speaker 2>that I could pay off student loans when I graduate.

0:31:49.760 --> 0:31:51.840
<v Speaker 2>Should I get the loan or struggle to use my

0:31:51.880 --> 0:31:54.080
<v Speaker 2>credit card for the next two years until I graduate?

0:31:54.440 --> 0:31:57.240
<v Speaker 2>Are there any loans with low interest for two years? Help?

0:31:57.360 --> 0:31:59.480
<v Speaker 2>I just don't want to ask my mom for help.

0:32:01.280 --> 0:32:01.800
<v Speaker 1>He's a girl.

0:32:03.120 --> 0:32:05.680
<v Speaker 2>Good question. So pros and cons of taking out student

0:32:05.720 --> 0:32:07.120
<v Speaker 2>loans for I know a lot of people who go

0:32:07.160 --> 0:32:09.520
<v Speaker 2>to grad school or you know, and and use student

0:32:09.560 --> 0:32:12.200
<v Speaker 2>loans for living expenses, not just for you know, to

0:32:12.200 --> 0:32:14.920
<v Speaker 2>pay their tuition or whatnot. But yeah, the pros and

0:32:14.960 --> 0:32:19.160
<v Speaker 2>cons of doing that versus relying on credit cards.

0:32:19.280 --> 0:32:22.160
<v Speaker 1>Yeah, I mean, but like she said her she has

0:32:22.200 --> 0:32:23.800
<v Speaker 1>an assistantship at at the school.

0:32:24.080 --> 0:32:28.440
<v Speaker 2>Yeah, so she's she's obviously she's like a TA and

0:32:28.520 --> 0:32:32.400
<v Speaker 2>she has enough earnings from that assistanship position to cover

0:32:32.440 --> 0:32:34.680
<v Speaker 2>her mortgage bills. So like the essential, So she's good.

0:32:34.680 --> 0:32:38.480
<v Speaker 2>It sounds like what she's looking for as a cushion, okay,

0:32:38.600 --> 0:32:40.640
<v Speaker 2>And she sounds pretty sure of herself that she'll be

0:32:40.680 --> 0:32:42.680
<v Speaker 2>able to pay it off. When she graduates.

0:32:43.680 --> 0:32:47.640
<v Speaker 1>Yeah, we're all sure of ourselves. Like I say this

0:32:47.760 --> 0:32:51.800
<v Speaker 1>that like, I mean, well, here's the thing. I mean.

0:32:51.840 --> 0:32:54.640
<v Speaker 1>If you're saying student loans versus putting everything on a

0:32:54.680 --> 0:32:57.800
<v Speaker 1>credit card card, that's one thing. But if you're saying

0:32:57.800 --> 0:33:01.280
<v Speaker 1>student loans versus I just have to live tight for

0:33:01.880 --> 0:33:03.960
<v Speaker 1>you know, two or three years, that's another thing. I

0:33:04.200 --> 0:33:06.640
<v Speaker 1>don't want you to choose credit cards over student loans

0:33:06.640 --> 0:33:09.320
<v Speaker 1>because honestly, I'm I'm assuming the credit card interest rate

0:33:09.440 --> 0:33:12.040
<v Speaker 1>is gonna be higher than the student loans on interest rate.

0:33:12.520 --> 0:33:14.959
<v Speaker 1>You know, Like if you're gonna borrow anyway, I wouldn't

0:33:15.000 --> 0:33:17.960
<v Speaker 1>choose a credit card, you know. But if you're saying

0:33:18.000 --> 0:33:21.080
<v Speaker 1>I could do it, it would just be really tight, honestly,

0:33:21.760 --> 0:33:24.920
<v Speaker 1>like knowing what I know now, because I didn't. My

0:33:25.480 --> 0:33:27.800
<v Speaker 1>undergrad student loans were like next to nothing. I think

0:33:28.600 --> 0:33:30.120
<v Speaker 1>it was all a sudden that maybe like a fifteen

0:33:30.200 --> 0:33:32.280
<v Speaker 1>hundred I had to pay off because my parents paid

0:33:32.280 --> 0:33:34.160
<v Speaker 1>for a lot of it. But then I went on

0:33:34.200 --> 0:33:37.120
<v Speaker 1>to get my I went to graduate school and I

0:33:37.160 --> 0:33:40.120
<v Speaker 1>got like a real grown women suitent loans. Fifty thousand

0:33:40.120 --> 0:33:43.360
<v Speaker 1>dollars later, I have not you know, I wasn't well

0:33:43.600 --> 0:33:46.440
<v Speaker 1>they've now since been paid off, but I wasn't able

0:33:46.480 --> 0:33:48.280
<v Speaker 1>to pay them off right away because the things happen

0:33:48.360 --> 0:33:51.560
<v Speaker 1>in the economy that we're out of my control. Yeah,

0:33:51.600 --> 0:33:56.360
<v Speaker 1>so I if you absolutely cannot make it without some

0:33:56.400 --> 0:33:58.400
<v Speaker 1>sort of loan, then I would look into it. But

0:33:58.440 --> 0:34:01.000
<v Speaker 1>if you can, then I I would try to not

0:34:01.120 --> 0:34:04.200
<v Speaker 1>get any loan and not relying on credit cards because

0:34:04.280 --> 0:34:06.400
<v Speaker 1>those Yeah, that's not a good idea either.

0:34:06.960 --> 0:34:09.680
<v Speaker 2>I mean scrimp, I would say, scrimp, scramp, scrimp, and

0:34:09.800 --> 0:34:12.759
<v Speaker 2>just but you know, try and lasts as long as

0:34:12.760 --> 0:34:14.840
<v Speaker 2>you can without student loans. If you're meeting your monthly

0:34:14.880 --> 0:34:18.759
<v Speaker 2>debt obligate or your monthly expense obligations, and you have

0:34:18.920 --> 0:34:21.560
<v Speaker 2>enough for food and for the essentials, then I don't

0:34:21.600 --> 0:34:24.120
<v Speaker 2>think it's necessary to lean on student loans, even if

0:34:24.120 --> 0:34:28.600
<v Speaker 2>you want a cushion. The only like, so let's just

0:34:28.600 --> 0:34:30.480
<v Speaker 2>look at the number. So right now, if you were

0:34:30.520 --> 0:34:33.640
<v Speaker 2>to take out unsubsidized student loan federal student loan for

0:34:33.719 --> 0:34:36.160
<v Speaker 2>grad school, the interest rates the fixed interest rate is

0:34:36.200 --> 0:34:40.160
<v Speaker 2>six point six percent for twenty eighteen twenty nineteen, and

0:34:40.680 --> 0:34:43.560
<v Speaker 2>that's significantly lower than credit card debt. Obviously, So if

0:34:43.560 --> 0:34:46.000
<v Speaker 2>you're looking like apples to apple, apples to oranges, you

0:34:46.040 --> 0:34:49.880
<v Speaker 2>know which one's a better idea. Yes, a federal student

0:34:49.920 --> 0:34:52.920
<v Speaker 2>loan is a low interest form of borrowing. But if

0:34:52.960 --> 0:34:55.719
<v Speaker 2>you can avoid borrowing altogether, how much better is that?

0:34:56.360 --> 0:34:57.080
<v Speaker 1>Yeah? Nope.

0:34:58.120 --> 0:34:59.520
<v Speaker 2>And if you're going to borrow, I mean, if you

0:34:59.520 --> 0:35:02.080
<v Speaker 2>decide to, I mean, ultimately it's your decision. But I

0:35:02.120 --> 0:35:05.000
<v Speaker 2>think you're maxed out at borrowing up to what like

0:35:05.120 --> 0:35:10.040
<v Speaker 2>twenty thousand dollars per year. This is just for federal loans,

0:35:10.080 --> 0:35:12.239
<v Speaker 2>I mean, if you're thinking about getting a private loan,

0:35:12.320 --> 0:35:14.560
<v Speaker 2>here's what do not do not do not do not.

0:35:14.640 --> 0:35:17.239
<v Speaker 2>There are federal student loans available for grad school and

0:35:17.280 --> 0:35:19.000
<v Speaker 2>you want to max out your federal aid before you

0:35:19.000 --> 0:35:22.480
<v Speaker 2>even think about going to private school. Debt first and foremost,

0:35:22.480 --> 0:35:25.640
<v Speaker 2>But federal student loans you should be able to get about.

0:35:25.880 --> 0:35:28.040
<v Speaker 2>You could get up potentially up to twenty thousand dollars

0:35:28.040 --> 0:35:32.080
<v Speaker 2>per year for grad school, but you may not need

0:35:32.120 --> 0:35:35.239
<v Speaker 2>that much, So don't take it just because you're eligible

0:35:35.280 --> 0:35:38.080
<v Speaker 2>for it. It's what I'll say. You know, if you

0:35:38.160 --> 0:35:40.720
<v Speaker 2>really only want a cushion, you only need a few months.

0:35:40.760 --> 0:35:43.160
<v Speaker 2>If you're just looking for an emergency fund of some kind,

0:35:44.000 --> 0:35:45.480
<v Speaker 2>then you may just want to think, Okay, what do

0:35:45.560 --> 0:35:47.520
<v Speaker 2>I need to live for a few months, and then

0:35:47.560 --> 0:35:52.360
<v Speaker 2>that's the max that you borrow to be to be

0:35:52.440 --> 0:35:55.120
<v Speaker 2>your source of emergency fund while you're in school. It's

0:35:55.120 --> 0:35:57.480
<v Speaker 2>only two years, you.

0:35:57.480 --> 0:36:01.400
<v Speaker 1>Know, yeah, yeah, because it could a lifetime of student

0:36:01.440 --> 0:36:03.440
<v Speaker 1>loans are something else. Like I one of the things

0:36:03.760 --> 0:36:07.640
<v Speaker 1>I want for Supergirl is to make sure she doesn't

0:36:07.680 --> 0:36:10.920
<v Speaker 1>have them, because it's just this like anchor around your

0:36:10.960 --> 0:36:13.600
<v Speaker 1>neck and you're not able to You're not able to

0:36:13.640 --> 0:36:17.120
<v Speaker 1>sail away with this amount of debt dragging you back.

0:36:17.160 --> 0:36:20.759
<v Speaker 1>And knowing what I know now, I would not have

0:36:20.920 --> 0:36:22.719
<v Speaker 1>one taken out as much as I did, and too,

0:36:22.719 --> 0:36:25.839
<v Speaker 1>I would have found some alternatives before, you know, going

0:36:25.840 --> 0:36:27.359
<v Speaker 1>for a student loans. One thing I did do, Mandy, though,

0:36:27.400 --> 0:36:29.320
<v Speaker 1>like you said, is like my student loans for graduate

0:36:29.320 --> 0:36:32.120
<v Speaker 1>school were federal student loans, say goodness, And I didn't

0:36:32.120 --> 0:36:33.320
<v Speaker 1>get private student loans.

0:36:33.840 --> 0:36:36.480
<v Speaker 2>Yeah. You know, some people just skip over federal altogether.

0:36:36.560 --> 0:36:38.680
<v Speaker 2>They think, oh, I'm in grad school, now you know,

0:36:39.000 --> 0:36:40.440
<v Speaker 2>new rules apply. And I got to go to the

0:36:40.440 --> 0:36:42.440
<v Speaker 2>bank down the street, to like Wells Fargo or whatever

0:36:42.480 --> 0:36:44.040
<v Speaker 2>and just take out a private loan. And of course

0:36:44.080 --> 0:36:45.759
<v Speaker 2>these banks aren't going to be like, oh, you know,

0:36:45.840 --> 0:36:49.839
<v Speaker 2>you're eligible for all this federal student loan you know

0:36:49.920 --> 0:36:52.120
<v Speaker 2>money instead of course not, They're just going to take

0:36:52.120 --> 0:36:53.920
<v Speaker 2>your money and laugh all the way to the bank.

0:36:54.000 --> 0:36:56.200
<v Speaker 2>And of course they'll have higher interest rates than what

0:36:56.239 --> 0:36:59.440
<v Speaker 2>you can find through federal loans, but definitely, and you

0:36:59.440 --> 0:37:01.399
<v Speaker 2>have to fill out the FASTPA to see if you're

0:37:01.440 --> 0:37:04.319
<v Speaker 2>eligible the same way you did an the same way

0:37:04.320 --> 0:37:06.759
<v Speaker 2>you might have done an undergrad to see how much

0:37:06.800 --> 0:37:10.439
<v Speaker 2>federal aid, which includes federal loans, you may qualify for.

0:37:10.880 --> 0:37:12.960
<v Speaker 2>And I don't, I can't, I don't know this. I'm

0:37:12.960 --> 0:37:15.600
<v Speaker 2>not an expert in this, but the FASTPA is also

0:37:15.640 --> 0:37:17.960
<v Speaker 2>a way to see if you're eligible for federal grants

0:37:18.920 --> 0:37:22.880
<v Speaker 2>or other sort of aid options that may be offer

0:37:22.920 --> 0:37:25.320
<v Speaker 2>it maybe possible for you to take advantage of that

0:37:25.400 --> 0:37:27.279
<v Speaker 2>may help you the same way that you're looking for

0:37:27.320 --> 0:37:30.440
<v Speaker 2>a loan to help you with extra expenses. So it

0:37:30.480 --> 0:37:32.399
<v Speaker 2>may be worth just filling out the FASTA to see

0:37:32.440 --> 0:37:36.080
<v Speaker 2>what types of aid you qualify for in addition to

0:37:36.080 --> 0:37:38.040
<v Speaker 2>to you know, traditional student loan.

0:37:37.920 --> 0:37:43.080
<v Speaker 1>Aid, Yeah, no, for sure, and yeah I'm struggling for

0:37:43.080 --> 0:37:45.399
<v Speaker 1>a little bit, so you can soar for a lot

0:37:45.719 --> 0:37:46.640
<v Speaker 1>is it's worth it.

0:37:47.160 --> 0:37:49.480
<v Speaker 2>I thank God for the days I struggled man just

0:37:49.520 --> 0:37:51.759
<v Speaker 2>making my seven dollars an hour at Col's. I didn't

0:37:51.760 --> 0:37:53.799
<v Speaker 2>know any better, But I'm glad I didn't know any better,

0:37:53.960 --> 0:37:56.040
<v Speaker 2>because that's the reason I Elyn graduated with seven thousand

0:37:56.080 --> 0:37:56.680
<v Speaker 2>dollars in debt.

0:37:58.040 --> 0:38:00.800
<v Speaker 1>Yeah. Sometimes sometimes ignorance truly is bliss.

0:38:02.800 --> 0:38:05.719
<v Speaker 2>Okay, let's do one more question real quick. So this

0:38:05.840 --> 0:38:10.560
<v Speaker 2>comes from an anonymous listener says, I love both of

0:38:10.640 --> 0:38:13.440
<v Speaker 2>your your lady's advice. I've been using it and it works.

0:38:13.480 --> 0:38:13.799
<v Speaker 2>Thank you.

0:38:14.840 --> 0:38:15.280
<v Speaker 1>She says.

0:38:15.320 --> 0:38:18.799
<v Speaker 2>Okay, I only have one one debt right now, and

0:38:18.840 --> 0:38:22.160
<v Speaker 2>that's a Discover card. Discovered credit card with a twelve

0:38:22.200 --> 0:38:27.439
<v Speaker 2>thousand dollars limit. I owe eleven thousand dollars. Number one.

0:38:27.480 --> 0:38:29.600
<v Speaker 2>I was wondering if I should use my visa that

0:38:29.640 --> 0:38:32.200
<v Speaker 2>has a two thousand dollars limit with no fee to

0:38:32.200 --> 0:38:36.080
<v Speaker 2>do a balance transfer and transfer some of my Discover

0:38:36.160 --> 0:38:39.440
<v Speaker 2>card debt onto that card. Number two. Discover has a

0:38:39.440 --> 0:38:42.520
<v Speaker 2>plan where for a year, for no fee and no interest,

0:38:42.560 --> 0:38:44.279
<v Speaker 2>I can pay as much as possible in that year

0:38:44.320 --> 0:38:46.120
<v Speaker 2>on my card. The only thing is that for that

0:38:46.200 --> 0:38:48.120
<v Speaker 2>year I can't use the card and I can only

0:38:48.120 --> 0:38:51.799
<v Speaker 2>do this maybe once every other year, which is the

0:38:51.800 --> 0:38:53.600
<v Speaker 2>best option. I want to do the right thing and

0:38:53.640 --> 0:38:56.480
<v Speaker 2>get much and get as much paid off this Discover

0:38:56.560 --> 0:38:59.760
<v Speaker 2>card as I can in a year. So she's almost

0:39:00.200 --> 0:39:02.440
<v Speaker 2>out this Discover card and she's wondering if she should

0:39:02.600 --> 0:39:04.879
<v Speaker 2>try and do a balance transfer with this little Visa

0:39:04.920 --> 0:39:07.680
<v Speaker 2>card that she has with two thousand dollars limit and

0:39:07.719 --> 0:39:10.160
<v Speaker 2>then enroll in this Discover This is an interesting and

0:39:10.200 --> 0:39:11.960
<v Speaker 2>I mean, I've never heard of this Discover plan, but

0:39:12.320 --> 0:39:15.200
<v Speaker 2>either if they're seriously going to give you a year

0:39:15.320 --> 0:39:17.719
<v Speaker 2>to pay off your card with no interest so long

0:39:18.120 --> 0:39:20.200
<v Speaker 2>all you have to do is agree not to spend

0:39:20.239 --> 0:39:22.319
<v Speaker 2>any money on it, Yes, do that.

0:39:23.680 --> 0:39:26.640
<v Speaker 1>I'll take that for eleven thousand, Alex.

0:39:27.120 --> 0:39:29.040
<v Speaker 2>Yeah, I'm like I need to look into this program

0:39:29.080 --> 0:39:30.640
<v Speaker 2>because that's pretty fantastic.

0:39:30.760 --> 0:39:30.920
<v Speaker 1>Yeah.

0:39:30.960 --> 0:39:32.920
<v Speaker 2>I would go with that, and I would pay it

0:39:32.960 --> 0:39:36.080
<v Speaker 2>down as fast as humanly possible because you're like maxing

0:39:36.120 --> 0:39:38.560
<v Speaker 2>it out. That's that's no bueno. That's really dragging down

0:39:38.560 --> 0:39:40.920
<v Speaker 2>your credit score, especially if it's one of the only

0:39:41.680 --> 0:39:42.840
<v Speaker 2>credit cards that you have.

0:39:43.840 --> 0:39:46.040
<v Speaker 1>Because thirty percent of your credit score is your utilization,

0:39:46.280 --> 0:39:48.960
<v Speaker 1>Like how much of your credit allotted to you? Are

0:39:49.000 --> 0:39:52.800
<v Speaker 1>you actually using that's almost one third of your score.

0:39:53.320 --> 0:39:57.080
<v Speaker 1>And so no, I think because basically what you're it's

0:39:57.120 --> 0:40:00.040
<v Speaker 1>almost like Discover is it's like doing a but the

0:40:00.040 --> 0:40:02.800
<v Speaker 1>balance transfer card is going to do without the balance transfer,

0:40:03.320 --> 0:40:07.480
<v Speaker 1>which is the opportunity to pay down your debt without interest.

0:40:07.880 --> 0:40:11.040
<v Speaker 1>So there's no need to make that transfer, especially since

0:40:11.080 --> 0:40:13.360
<v Speaker 1>the transfer would only be because what are you going

0:40:13.400 --> 0:40:15.279
<v Speaker 1>to transfer two thousands? And then we maxed down on

0:40:15.320 --> 0:40:18.279
<v Speaker 1>the second card, you know, so if Discover has that,

0:40:18.560 --> 0:40:22.120
<v Speaker 1>go for it. And then it's actually a really good

0:40:22.200 --> 0:40:23.839
<v Speaker 1>thing that they're like, and you can't use the card,

0:40:23.920 --> 0:40:27.080
<v Speaker 1>Oh that's excellent. Put that card up, cut it up,

0:40:27.160 --> 0:40:29.400
<v Speaker 1>and just focus on paying it off. I remember I

0:40:29.400 --> 0:40:31.040
<v Speaker 1>literally at one point have you ever done this, Mandy?

0:40:31.040 --> 0:40:32.680
<v Speaker 1>When you're like you have to really take a look

0:40:32.719 --> 0:40:33.920
<v Speaker 1>at yourself in the mirror and you're like what are

0:40:33.920 --> 0:40:36.359
<v Speaker 1>you doing and you just have to cut your card up?

0:40:36.400 --> 0:40:38.680
<v Speaker 1>I was like, what are we doing? Tiffany? So I like,

0:40:39.200 --> 0:40:41.480
<v Speaker 1>you are in a ditch. You have to shovel in

0:40:41.560 --> 0:40:44.560
<v Speaker 1>your hand, and you're still digging. So I finally had

0:40:44.560 --> 0:40:46.319
<v Speaker 1>to put my shovel down, which is my credit card,

0:40:46.360 --> 0:40:48.520
<v Speaker 1>and I honestly I put it away, and for like

0:40:48.600 --> 0:40:51.920
<v Speaker 1>six months to almost a year, I didn't use any

0:40:52.080 --> 0:40:54.399
<v Speaker 1>credit because I was trying to dig my way out

0:40:54.400 --> 0:40:56.520
<v Speaker 1>of debt while still digging my way into a hole.

0:40:57.000 --> 0:40:59.120
<v Speaker 1>And so there's nothing wrong with saying I'm going to

0:40:59.160 --> 0:41:00.000
<v Speaker 1>put the shovel down.

0:41:00.880 --> 0:41:02.759
<v Speaker 2>All right, Well, thank you guys for your questions. Again.

0:41:02.760 --> 0:41:07.160
<v Speaker 2>You can hit us up at Brannambition podcast dot com. Nope, okay,

0:41:07.600 --> 0:41:14.080
<v Speaker 2>and leave us click click ask us anything, Come on,

0:41:14.200 --> 0:41:16.640
<v Speaker 2>come on, come on so easy. Click ask us anything

0:41:16.719 --> 0:41:18.520
<v Speaker 2>on the website to shoot us a note, or you

0:41:18.600 --> 0:41:21.360
<v Speaker 2>can hit us up directly at Briandnambition Podcast at gmail

0:41:21.400 --> 0:41:27.080
<v Speaker 2>dot com. Oh well, half hearted, but it's okay. You

0:41:27.120 --> 0:41:29.920
<v Speaker 2>got it in the end. And if you what I'll

0:41:29.960 --> 0:41:31.759
<v Speaker 2>say is, if you want to be anonymous, please let

0:41:31.760 --> 0:41:33.680
<v Speaker 2>me know put it in big bold fonts. If I

0:41:33.680 --> 0:41:35.799
<v Speaker 2>don't put you on blast on the podcast, I try

0:41:35.840 --> 0:41:37.640
<v Speaker 2>not to do that, so let me know. If you

0:41:37.680 --> 0:41:40.960
<v Speaker 2>want to remain anonymous, that's perfectly fine. And uh, that's

0:41:40.960 --> 0:41:41.840
<v Speaker 2>how you reach us.

0:41:42.400 --> 0:41:45.759
<v Speaker 1>Yes, I cannot wait, oh so really quickly because I

0:41:45.800 --> 0:41:47.920
<v Speaker 1>don't want you guys to miss out because by the

0:41:47.920 --> 0:41:49.719
<v Speaker 1>time it comes out. So one of the things we're

0:41:49.719 --> 0:41:54.160
<v Speaker 1>doing with the Literature Academy totally revamped it because the

0:41:54.200 --> 0:41:56.080
<v Speaker 1>teacher in me was like, this is not as easy

0:41:56.080 --> 0:41:58.279
<v Speaker 1>to use as it could be. So we totally revamped it.

0:41:58.800 --> 0:42:00.840
<v Speaker 1>We didn't raise a price or anything. I just wanted

0:42:00.840 --> 0:42:03.359
<v Speaker 1>it to be better. And so what we're doing is,

0:42:03.440 --> 0:42:06.080
<v Speaker 1>and like I said, special like, hey, yay, we revamped

0:42:06.080 --> 0:42:09.120
<v Speaker 1>it to make it better. We're for new students. If

0:42:09.160 --> 0:42:11.960
<v Speaker 1>you sign up and you join us, it is we're

0:42:11.960 --> 0:42:14.319
<v Speaker 1>giving you the first month free just to basically to

0:42:14.320 --> 0:42:16.759
<v Speaker 1>try it out. So if you like it and then

0:42:16.920 --> 0:42:18.800
<v Speaker 1>you know, because like I said, it's my mission to

0:42:19.719 --> 0:42:21.680
<v Speaker 1>take us from the budgeting and saving to really the

0:42:21.719 --> 0:42:24.640
<v Speaker 1>next level. And the only thing is that it's only

0:42:24.719 --> 0:42:27.640
<v Speaker 1>free until for like I think you only have the

0:42:27.640 --> 0:42:29.840
<v Speaker 1>opportunity to like Sunday or Saturday or something. So I

0:42:29.880 --> 0:42:31.600
<v Speaker 1>just wanted to share that. So if you wanted to

0:42:31.640 --> 0:42:34.680
<v Speaker 1>learn more, you can go to join l R A

0:42:34.880 --> 0:42:37.840
<v Speaker 1>for Literature Academy dot com. That's join LRA dot com.

0:42:38.160 --> 0:42:40.759
<v Speaker 1>And yeah, I mean, it doesn't hurt you try it

0:42:40.800 --> 0:42:42.560
<v Speaker 1>for free. You don't like it, then you can leave us.

0:42:43.960 --> 0:42:45.880
<v Speaker 2>No shade, Okay, I'm going to put a link to

0:42:45.960 --> 0:42:49.040
<v Speaker 2>that in the show notes. For you guys wanting to

0:42:49.560 --> 0:42:51.000
<v Speaker 2>sign up, that's dope.

0:42:51.840 --> 0:42:53.759
<v Speaker 1>Yeah, you know, we're a talking out here, trying to

0:42:53.800 --> 0:43:03.799
<v Speaker 1>change this world.