1 00:00:05,120 --> 00:00:07,400 Speaker 1: Hey ba fam, Wait, did I hit record? 2 00:00:07,520 --> 00:00:07,960 Speaker 2: Yes I do. 3 00:00:10,080 --> 00:00:13,159 Speaker 1: Let's see Kerrie Washington. Welcome to the v a q 4 00:00:13,520 --> 00:00:17,479 Speaker 1: A on this beautiful Friday. I am really excited to 5 00:00:17,480 --> 00:00:21,239 Speaker 1: be joined here by Yan Nelly Spinal aka mis Be 6 00:00:21,360 --> 00:00:26,279 Speaker 1: Helpful and Chris Browning aka mister Popcorn Finance himself. We're 7 00:00:26,280 --> 00:00:28,960 Speaker 1: gonna be taking y'all's questions now. If you want to 8 00:00:28,960 --> 00:00:32,320 Speaker 1: submit a question to Brown Ambition, please go to our Instagram. 9 00:00:32,360 --> 00:00:34,640 Speaker 1: You can d m us at the Brown Ambition No 10 00:00:35,000 --> 00:00:39,080 Speaker 1: What at Brown Ambition Podcast on ig or you can 11 00:00:39,120 --> 00:00:42,760 Speaker 1: email us Brown Ambition Podcast at gmail dot com if 12 00:00:42,800 --> 00:00:45,800 Speaker 1: you want to have your question on the show. And 13 00:00:45,880 --> 00:00:49,559 Speaker 1: we have some some juicy ones today. So I'm excited 14 00:00:49,560 --> 00:00:51,560 Speaker 1: to have y'all's help here. So you know the Biel, 15 00:00:51,760 --> 00:00:55,360 Speaker 1: get your salt shakers out. This is infotainment edutainment. I 16 00:00:55,400 --> 00:00:58,600 Speaker 1: can say salt shakers are required because what we're not 17 00:00:58,680 --> 00:01:02,960 Speaker 1: giving you is like paid financial investment professional advice. We 18 00:01:03,000 --> 00:01:06,480 Speaker 1: don't actually know you personally, nor do we you know, 19 00:01:06,800 --> 00:01:09,120 Speaker 1: need to be sued by you for any information we've 20 00:01:09,120 --> 00:01:10,640 Speaker 1: given you. So let me hop on and I think 21 00:01:10,640 --> 00:01:13,839 Speaker 1: we got some a mix of like career and finance 22 00:01:13,920 --> 00:01:17,560 Speaker 1: today Our first one is from anonymous what should we 23 00:01:17,560 --> 00:01:22,559 Speaker 1: call this anonymous person? We'll call her carry after after 24 00:01:22,959 --> 00:01:26,720 Speaker 1: yan Ellie's girl crush, Kerry Washington. All right, she wants 25 00:01:26,760 --> 00:01:28,880 Speaker 1: to know is it okay to decline a job offer 26 00:01:28,880 --> 00:01:32,280 Speaker 1: that actually pays more money to listening to BA for 27 00:01:32,319 --> 00:01:34,560 Speaker 1: a long time. I'm so grateful for you guys and 28 00:01:34,560 --> 00:01:37,440 Speaker 1: what you've built. I'm so sweet. You've empowered me in 29 00:01:37,440 --> 00:01:39,600 Speaker 1: so many ways, especially as a mom of two, to 30 00:01:39,680 --> 00:01:42,120 Speaker 1: fight for myself in the workplace and to own my 31 00:01:42,240 --> 00:01:45,479 Speaker 1: career trajectory. Thank you, hearthnds, Oh, thank you? 32 00:01:47,080 --> 00:01:47,520 Speaker 2: All right. 33 00:01:47,600 --> 00:01:51,920 Speaker 1: So to get some wait did it do hearts? You should. 34 00:01:53,280 --> 00:01:54,760 Speaker 2: Reading the question? I can't see. 35 00:01:54,960 --> 00:01:57,120 Speaker 1: Yeah, the red hearts just popped up. It was so cute. 36 00:01:57,680 --> 00:02:00,040 Speaker 1: Then I go, I can't is it cute? Though it 37 00:02:00,160 --> 00:02:01,840 Speaker 1: was so forny? 38 00:02:01,880 --> 00:02:02,400 Speaker 2: I like it. 39 00:02:02,440 --> 00:02:03,520 Speaker 1: I think it's all right. 40 00:02:03,600 --> 00:02:05,480 Speaker 2: That's fine, I'll call it. 41 00:02:06,040 --> 00:02:08,160 Speaker 1: We'll take our little joints where we can take it, 42 00:02:09,040 --> 00:02:12,760 Speaker 1: all right. So a little bit on Carrie's backstory. So, 43 00:02:12,840 --> 00:02:15,079 Speaker 1: my husband and I moved our family across the country 44 00:02:15,080 --> 00:02:17,800 Speaker 1: almost one year ago for what seemed like a great 45 00:02:17,800 --> 00:02:21,120 Speaker 1: opportunity for him. But six months after moving, he was 46 00:02:21,200 --> 00:02:24,519 Speaker 1: laid off. Luckily, my job allowed me to work remotely, 47 00:02:24,600 --> 00:02:27,600 Speaker 1: so I've been able to maintain my income in between 48 00:02:27,600 --> 00:02:31,040 Speaker 1: that and his unemployment. We've been able, excuse me to 49 00:02:31,040 --> 00:02:34,560 Speaker 1: make ends meet. Right now, I'm making a little less 50 00:02:34,560 --> 00:02:38,280 Speaker 1: than fifty fifty K annually, and I recently interviewed for 51 00:02:38,360 --> 00:02:41,480 Speaker 1: position that will pay around seventy five K, and I 52 00:02:41,560 --> 00:02:44,359 Speaker 1: stand a pretty good chance of getting an offer. It's 53 00:02:44,360 --> 00:02:48,160 Speaker 1: an opportunity I prayed for after learning more and more 54 00:02:48,200 --> 00:02:51,000 Speaker 1: about the role in the final interview, it doesn't seem 55 00:02:51,040 --> 00:02:52,520 Speaker 1: at all like anything i'd. 56 00:02:52,360 --> 00:02:53,079 Speaker 2: Want to do. 57 00:02:53,760 --> 00:02:57,600 Speaker 1: Things I value clearly defined processes, organization, the ability to 58 00:02:57,639 --> 00:02:59,919 Speaker 1: work within a team. This job would be the opposite 59 00:03:00,080 --> 00:03:02,359 Speaker 1: of all those things. I'd be a team of one 60 00:03:02,400 --> 00:03:06,560 Speaker 1: person working to help the organization create order out of chaos, 61 00:03:07,040 --> 00:03:12,760 Speaker 1: guaranteed working longer hours. The idea feels nightmarish, so she says, 62 00:03:12,840 --> 00:03:16,120 Speaker 1: part of me wants to remove myself from consideration. I 63 00:03:16,160 --> 00:03:17,840 Speaker 1: want a job that will pay more money, but not 64 00:03:17,880 --> 00:03:20,000 Speaker 1: at the expense of my mental health or time to 65 00:03:20,040 --> 00:03:22,959 Speaker 1: spend with my family. But when I consider this would 66 00:03:22,960 --> 00:03:26,120 Speaker 1: be a huge jump and income, especially when my husband's 67 00:03:26,200 --> 00:03:29,080 Speaker 1: unemployment income has ended and he still hasn't found a job. 68 00:03:29,520 --> 00:03:31,880 Speaker 1: The idea of walking away from an opportunity like this 69 00:03:31,960 --> 00:03:35,440 Speaker 1: sounds crazy. Like Cardi B said, I got babies. 70 00:03:35,520 --> 00:03:38,000 Speaker 2: I need some money. I need cheese for my eggs. 71 00:03:38,040 --> 00:03:39,360 Speaker 1: Did she say I need? 72 00:03:40,040 --> 00:03:40,640 Speaker 2: Is that a lyric? 73 00:03:41,040 --> 00:03:44,400 Speaker 1: Yeah, she's in your eggs. I can't do that anymore. 74 00:03:44,440 --> 00:03:47,480 Speaker 1: The lactose just won't let me. If I take this role, 75 00:03:47,560 --> 00:03:50,080 Speaker 1: Carrie says, and do it successfully, I think it would 76 00:03:50,080 --> 00:03:53,000 Speaker 1: put me in a great position career wise when I 77 00:03:53,040 --> 00:03:55,440 Speaker 1: think about roles I could take on after my time, 78 00:03:55,600 --> 00:03:57,680 Speaker 1: But my kids and husband are more important to me 79 00:03:57,760 --> 00:04:00,640 Speaker 1: than anything. I don't want my relationship ships with them 80 00:04:00,680 --> 00:04:03,720 Speaker 1: to suffer because I'm stressed out all the time. What 81 00:04:03,960 --> 00:04:07,960 Speaker 1: turning down an offer like this be irresponsible? Especially in 82 00:04:08,000 --> 00:04:11,680 Speaker 1: this economy? What would you do? Thank you for reading 83 00:04:11,720 --> 00:04:12,160 Speaker 1: carry Chris. 84 00:04:12,160 --> 00:04:13,480 Speaker 3: I'm gonna let you take it first because I got 85 00:04:13,520 --> 00:04:15,000 Speaker 3: strong opinions. I'm gonna let you go first. 86 00:04:15,080 --> 00:04:18,719 Speaker 4: Oh man, Okay, I I was formulating my thoughts here. Okay, 87 00:04:20,920 --> 00:04:21,720 Speaker 4: I know I was. 88 00:04:22,040 --> 00:04:22,200 Speaker 1: I was. 89 00:04:22,400 --> 00:04:24,240 Speaker 4: I'm torn. I'm toured right now. In my mind. 90 00:04:25,040 --> 00:04:27,360 Speaker 3: That's relatable because part of. 91 00:04:27,279 --> 00:04:29,400 Speaker 4: Me is like, Look, nobody wants to walk into a 92 00:04:29,480 --> 00:04:31,680 Speaker 4: chaotic situation. Right, if you're happy where you're at. I 93 00:04:31,720 --> 00:04:33,720 Speaker 4: get it because I've worked in jobs where I was like, 94 00:04:33,760 --> 00:04:36,320 Speaker 4: this is pure chaos. Everybody hates it here, I'm stressed out, 95 00:04:36,360 --> 00:04:38,520 Speaker 4: I'm working too much, and I wish I wasn't here, 96 00:04:39,040 --> 00:04:41,159 Speaker 4: And so I never want anyone to go into that, 97 00:04:41,279 --> 00:04:43,440 Speaker 4: the situation I don't walk in. Right. 98 00:04:43,480 --> 00:04:44,640 Speaker 2: You don't feel that way, now, do you? 99 00:04:45,000 --> 00:04:45,160 Speaker 4: Yeah? 100 00:04:45,200 --> 00:04:45,240 Speaker 1: No? 101 00:04:45,320 --> 00:04:46,720 Speaker 4: They I'll tell you what I really think about all 102 00:04:46,720 --> 00:04:51,200 Speaker 4: this later. But really it was that that job did 103 00:04:51,240 --> 00:04:53,280 Speaker 4: set me up for better jobs down the line. It 104 00:04:53,320 --> 00:04:55,040 Speaker 4: was a promotion for me. There was a big pay 105 00:04:55,120 --> 00:04:56,560 Speaker 4: jump when I took it. It was kind of like this. 106 00:04:56,600 --> 00:04:58,640 Speaker 4: It was about a twenty thousand dollars a year pay jump, 107 00:04:58,960 --> 00:05:01,520 Speaker 4: and I ended up leveraging that job into something else. Now, 108 00:05:01,520 --> 00:05:03,360 Speaker 4: I hated that job for four years. I was there 109 00:05:03,400 --> 00:05:07,160 Speaker 4: for a long time, miserable, miserable, the worst job IVE 110 00:05:07,160 --> 00:05:08,960 Speaker 4: ever had. And I find the two of those four 111 00:05:09,000 --> 00:05:11,160 Speaker 4: I was trying to find another job. But if it 112 00:05:11,200 --> 00:05:13,200 Speaker 4: wouldn't have been for that job, I wouldn't have had 113 00:05:13,240 --> 00:05:15,640 Speaker 4: opportunities to find the job that got later that paid 114 00:05:15,640 --> 00:05:17,240 Speaker 4: me more and gave me that balance that I was 115 00:05:17,279 --> 00:05:19,599 Speaker 4: looking for. So I'm torn in the sense that, like, 116 00:05:19,680 --> 00:05:21,400 Speaker 4: I don't want people to deal with that stress because 117 00:05:21,400 --> 00:05:24,320 Speaker 4: life was horrible for a while, but I saw what 118 00:05:24,360 --> 00:05:26,640 Speaker 4: that led to, and so that's I'm a little torn 119 00:05:26,640 --> 00:05:28,600 Speaker 4: because like, yes, there could be another opportunity that might 120 00:05:28,720 --> 00:05:30,560 Speaker 4: fill that role for you, allow you to get that promotion, 121 00:05:30,600 --> 00:05:31,840 Speaker 4: allowed you to make that step up and get that 122 00:05:32,240 --> 00:05:36,920 Speaker 4: experience and that pay. But sometimes you take the opportunity 123 00:05:36,960 --> 00:05:39,520 Speaker 4: that presents itself and you use that to your advantage 124 00:05:39,560 --> 00:05:40,760 Speaker 4: to get to where you need to go. So I'm 125 00:05:40,800 --> 00:05:42,400 Speaker 4: kind of I'm very torn on this, but part of 126 00:05:42,440 --> 00:05:44,640 Speaker 4: me is like, especially in the situation she's in, it 127 00:05:44,680 --> 00:05:47,040 Speaker 4: feels like you know that that extra security might be nice, 128 00:05:47,040 --> 00:05:48,200 Speaker 4: even though it is going to take a little bit 129 00:05:48,240 --> 00:05:49,359 Speaker 4: of your time and it might be a bit of 130 00:05:49,360 --> 00:05:52,560 Speaker 4: a sacrifice for a while. So that's that's that's my response, 131 00:05:52,560 --> 00:05:53,800 Speaker 4: that's my media thoughts on it. 132 00:05:54,920 --> 00:05:57,120 Speaker 3: I mean, that's real, that's real. I'm gonna be honest. 133 00:05:57,160 --> 00:05:59,719 Speaker 3: My immediate thought was no, don't take it. And the 134 00:05:59,720 --> 00:06:03,559 Speaker 3: reason and why is because compensation and benefits is one 135 00:06:04,200 --> 00:06:08,000 Speaker 3: factor in a larger rubric that you use to make 136 00:06:08,040 --> 00:06:10,840 Speaker 3: a decision about whether you want to take this step 137 00:06:10,920 --> 00:06:14,640 Speaker 3: in your career. The other factors to consider are the role, 138 00:06:14,720 --> 00:06:18,360 Speaker 3: the responsibilities, if there's growth opportunities, your work life, balance, 139 00:06:18,440 --> 00:06:21,800 Speaker 3: your sanity, flexibility with time to come in, time to leave. 140 00:06:21,800 --> 00:06:24,520 Speaker 3: You got kids, you got a husband, company culture, the 141 00:06:24,560 --> 00:06:26,919 Speaker 3: mission and the values of that company. Right, the work environment, 142 00:06:26,920 --> 00:06:29,279 Speaker 3: the location, proximity to your home, your commute. Is that 143 00:06:29,320 --> 00:06:32,080 Speaker 3: going to be miserable? You know future prospects? Is that 144 00:06:32,120 --> 00:06:34,800 Speaker 3: a stable job? Is the company actually stable? 145 00:06:34,920 --> 00:06:35,120 Speaker 1: Right? 146 00:06:35,520 --> 00:06:39,960 Speaker 3: And personal intuition is one that I would include on 147 00:06:40,040 --> 00:06:43,279 Speaker 3: my rubric. And your personal intuition is already waiving a 148 00:06:43,320 --> 00:06:47,000 Speaker 3: big red flag saying everything about that interview told me 149 00:06:47,040 --> 00:06:48,640 Speaker 3: what I needed to know that this was not the 150 00:06:48,720 --> 00:06:51,000 Speaker 3: job I thought it would be. But what's most important 151 00:06:51,040 --> 00:06:53,279 Speaker 3: to me in what you said was that you think 152 00:06:53,320 --> 00:06:56,000 Speaker 3: that you are about to get this offer, which means 153 00:06:56,600 --> 00:06:59,720 Speaker 3: you have the potential to make this money. You have 154 00:06:59,760 --> 00:07:02,839 Speaker 3: what it takes. You're capable of getting an offer at 155 00:07:02,880 --> 00:07:06,400 Speaker 3: that salary or higher. So this does not have to 156 00:07:06,440 --> 00:07:09,200 Speaker 3: be the only job that you will get with that salary. 157 00:07:09,200 --> 00:07:11,520 Speaker 3: Now that you know that you're capable, you can finesse 158 00:07:11,560 --> 00:07:15,160 Speaker 3: that offer. Honey, get the offer in writing PDF that 159 00:07:15,240 --> 00:07:17,760 Speaker 3: joint and take it with you to the next interview 160 00:07:17,760 --> 00:07:20,560 Speaker 3: process and use it to negotiate a higher offer from 161 00:07:20,600 --> 00:07:27,160 Speaker 3: another job that does align with the things that you like. Organization, stability, clarity, right, 162 00:07:27,240 --> 00:07:29,680 Speaker 3: all of those things that you value that this particular 163 00:07:29,760 --> 00:07:31,600 Speaker 3: job is making clear. It's not it's not the one. 164 00:07:31,640 --> 00:07:33,600 Speaker 3: It's not it. So for me, I would think that 165 00:07:33,640 --> 00:07:35,600 Speaker 3: if you were to do it just for the money, 166 00:07:35,800 --> 00:07:38,440 Speaker 3: you're gonna end up presenting your hubby. You're gonna end 167 00:07:38,480 --> 00:07:41,119 Speaker 3: up presenting him because he's kind of technically the only 168 00:07:41,200 --> 00:07:44,400 Speaker 3: reason that you would do it, because he because he's 169 00:07:44,440 --> 00:07:47,320 Speaker 3: not working, right, Yeah, because you want to do this. 170 00:07:48,560 --> 00:07:50,280 Speaker 2: He still hasn't gotten a job. 171 00:07:52,640 --> 00:07:55,400 Speaker 4: You had there that wasn't don't I. 172 00:07:55,320 --> 00:07:57,120 Speaker 1: Didn't read that right the way man, he read it. 173 00:07:57,240 --> 00:07:59,080 Speaker 1: She read it with that little and he made us 174 00:07:59,120 --> 00:08:01,680 Speaker 1: move out here, ready with the country, be ready with 175 00:08:01,720 --> 00:08:04,920 Speaker 1: extra sas song, probably like Nevada or someplace. 176 00:08:04,960 --> 00:08:05,320 Speaker 2: I don't know. 177 00:08:06,360 --> 00:08:08,440 Speaker 3: I hope it's not. Well, maybe Nevada is an income 178 00:08:08,480 --> 00:08:11,000 Speaker 3: text free state. Good for y'all, But I just think 179 00:08:11,120 --> 00:08:12,960 Speaker 3: I do think that y'all need you need to be 180 00:08:13,000 --> 00:08:16,240 Speaker 3: honest with yourself about your personal intuition because the worst 181 00:08:16,280 --> 00:08:18,280 Speaker 3: case scenario is you hate your job. You resent your 182 00:08:18,360 --> 00:08:20,080 Speaker 3: job and you hate your husband. You resent your husband 183 00:08:20,120 --> 00:08:21,640 Speaker 3: because he made you get the job that you resent 184 00:08:21,680 --> 00:08:23,280 Speaker 3: and hate. And so I think at the end of 185 00:08:23,320 --> 00:08:25,760 Speaker 3: the day, money ain't everything. We all about more money. 186 00:08:25,800 --> 00:08:28,440 Speaker 3: But you can finesse that job offer into another job 187 00:08:28,480 --> 00:08:32,440 Speaker 3: offer of equal or greater salary benefits if you make 188 00:08:32,520 --> 00:08:34,880 Speaker 3: moves the right way. And obviously Mandy is the right 189 00:08:34,920 --> 00:08:36,240 Speaker 3: woman to hook you up, so you're already in the 190 00:08:36,280 --> 00:08:36,760 Speaker 3: right place. 191 00:08:38,160 --> 00:08:41,800 Speaker 1: I know. I think both of y'all have interesting perspectives, 192 00:08:41,840 --> 00:08:43,800 Speaker 1: and I feel like I agree with both of you 193 00:08:43,840 --> 00:08:46,360 Speaker 1: in different parts. I've seen this question before, some version 194 00:08:46,400 --> 00:08:48,560 Speaker 1: of this question many many times. This is like the 195 00:08:49,080 --> 00:08:52,280 Speaker 1: this is like one of my haven't I said this 196 00:08:52,320 --> 00:08:55,480 Speaker 1: a thousand times of questions like you in the stock 197 00:08:55,520 --> 00:08:58,600 Speaker 1: market thing? Yeah, But honestly, when it comes to a 198 00:08:58,600 --> 00:09:01,760 Speaker 1: situation like this, I have people who would tell me 199 00:09:01,800 --> 00:09:03,680 Speaker 1: the exact same thing. But if you flip it, so 200 00:09:03,760 --> 00:09:06,559 Speaker 1: like they're at a very chaotic or they thrive in 201 00:09:06,640 --> 00:09:09,200 Speaker 1: chaotic situations, and they're going into a job interview, and 202 00:09:09,240 --> 00:09:11,040 Speaker 1: it just sounds like everything is so rigid and so 203 00:09:11,160 --> 00:09:14,400 Speaker 1: structured and more bureaucratic. It's a bigger company will they 204 00:09:14,440 --> 00:09:16,760 Speaker 1: have as much freedom and flexibility and like, will they 205 00:09:16,760 --> 00:09:19,360 Speaker 1: get to be a self starter as much? And I 206 00:09:19,440 --> 00:09:22,800 Speaker 1: think it also I just want to like I want 207 00:09:22,840 --> 00:09:26,280 Speaker 1: there to be like a level of understanding about how 208 00:09:26,400 --> 00:09:30,240 Speaker 1: any job that you have, any job environment, it can change. 209 00:09:30,320 --> 00:09:34,040 Speaker 1: I mean, you can come into a chaotic organization, or 210 00:09:34,080 --> 00:09:36,559 Speaker 1: you can come into a very stable organization that can 211 00:09:36,600 --> 00:09:40,360 Speaker 1: become chaotic. And like you could be working at I 212 00:09:40,400 --> 00:09:42,880 Speaker 1: don't know, like what's one of the most oldest Procter 213 00:09:43,000 --> 00:09:45,760 Speaker 1: and Gamble, like a big company, and like maybe the 214 00:09:45,800 --> 00:09:48,840 Speaker 1: company itself is very stable, but you get switched to 215 00:09:48,880 --> 00:09:50,920 Speaker 1: a certain team like I don't know, R and D 216 00:09:51,280 --> 00:09:55,079 Speaker 1: or accounting or whatever, and either the whole team is 217 00:09:55,120 --> 00:09:57,640 Speaker 1: a bit toxic, where your manager is toxic, and like 218 00:09:58,080 --> 00:10:01,200 Speaker 1: you're on your own path at the company that you 219 00:10:01,320 --> 00:10:04,080 Speaker 1: work and sometimes if it's big enough, like you have 220 00:10:04,200 --> 00:10:07,600 Speaker 1: your own little inner company almost like a smaller company 221 00:10:07,640 --> 00:10:10,360 Speaker 1: within a company. And I think there's just we need 222 00:10:10,400 --> 00:10:13,920 Speaker 1: a healthy understanding of like the workplace dynamics and sort 223 00:10:13,960 --> 00:10:17,320 Speaker 1: of have a healthy level of Okay, this may change 224 00:10:17,360 --> 00:10:19,160 Speaker 1: and like it may not always be this way, and 225 00:10:19,200 --> 00:10:21,480 Speaker 1: so I need to be a little bit flexible and 226 00:10:21,679 --> 00:10:25,959 Speaker 1: just going into a situation at least saying like this 227 00:10:26,000 --> 00:10:27,800 Speaker 1: could change and if it does, well, that's just what 228 00:10:27,920 --> 00:10:31,200 Speaker 1: happens in some workplaces. And like we can again be 229 00:10:31,320 --> 00:10:33,880 Speaker 1: like really upset that all of a sudden that my 230 00:10:34,040 --> 00:10:35,960 Speaker 1: manager who loved me has left and now I've been 231 00:10:36,000 --> 00:10:39,760 Speaker 1: assigned to a new manager and he's passive aggressive and 232 00:10:39,840 --> 00:10:44,240 Speaker 1: like microaggressive and all that. And so when it comes 233 00:10:44,320 --> 00:10:46,520 Speaker 1: to you, and I totally get what you're coming into, 234 00:10:46,720 --> 00:10:49,800 Speaker 1: Like you're anticipating this is going to be chaos, that 235 00:10:49,840 --> 00:10:52,960 Speaker 1: you're going to be spending long hours, and that is 236 00:10:53,080 --> 00:10:57,040 Speaker 1: all entirely valid. Is it enough to like turn down 237 00:10:57,040 --> 00:10:59,600 Speaker 1: the money that you need in this career opportunity? 238 00:11:03,280 --> 00:11:04,280 Speaker 2: I kind of feel like. 239 00:11:04,240 --> 00:11:06,640 Speaker 1: More on Chris's side, a little bit of like you 240 00:11:06,679 --> 00:11:09,160 Speaker 1: need the money, take the job. You're not in a 241 00:11:09,160 --> 00:11:11,320 Speaker 1: situation where you have a lot of options right now. 242 00:11:11,360 --> 00:11:15,120 Speaker 1: Your husband's out of work, you have two kids. That's expensive, 243 00:11:15,160 --> 00:11:18,440 Speaker 1: as hay, and even if you're in you know, I 244 00:11:18,440 --> 00:11:21,600 Speaker 1: don't know, living on fifty K for a family of four, 245 00:11:21,760 --> 00:11:25,800 Speaker 1: that's just I don't it's tough, you know. And CARDI, 246 00:11:25,920 --> 00:11:28,600 Speaker 1: like CARDIV doesn't say it, but eggs is like really expensive. 247 00:11:28,640 --> 00:11:30,360 Speaker 2: Now you know, like ten. 248 00:11:30,200 --> 00:11:34,120 Speaker 1: Bucks a dozen, so they sold everywhere. Yeah, part of 249 00:11:34,160 --> 00:11:36,760 Speaker 1: me is like, I see, I see where she's coming from. 250 00:11:36,800 --> 00:11:40,120 Speaker 1: But I also feel like with the extra money, you 251 00:11:40,520 --> 00:11:47,920 Speaker 1: could invest that in your family to bring to like counteract, 252 00:11:47,920 --> 00:11:49,680 Speaker 1: if you're going to be spending more time at work, 253 00:11:50,000 --> 00:11:52,480 Speaker 1: could you be spending you know, the extra money that 254 00:11:52,480 --> 00:11:54,520 Speaker 1: you're getting if you get a nice vacation package with 255 00:11:54,559 --> 00:11:57,040 Speaker 1: this company, could you be you doing a nice family 256 00:11:57,120 --> 00:11:59,800 Speaker 1: vacation once a year. Could you be using the funds 257 00:11:59,840 --> 00:12:03,240 Speaker 1: for the bigger picture for like the kids college education 258 00:12:03,440 --> 00:12:07,040 Speaker 1: or their school tuition, or maybe you guys need something 259 00:12:07,080 --> 00:12:08,960 Speaker 1: that as a family will make you happier. And like, 260 00:12:09,000 --> 00:12:11,439 Speaker 1: if you can frame it not as like mommy is 261 00:12:11,480 --> 00:12:14,200 Speaker 1: going to work for this company and it's I'm just 262 00:12:14,240 --> 00:12:18,160 Speaker 1: assuming it's not a terrible place, it's just a chaotic place. 263 00:12:18,840 --> 00:12:19,680 Speaker 2: Then that may help it. 264 00:12:19,800 --> 00:12:22,600 Speaker 1: That may make it easier for you to show up 265 00:12:22,760 --> 00:12:25,520 Speaker 1: and deal with the stuff that's going on because you're 266 00:12:25,520 --> 00:12:27,680 Speaker 1: doing it for the right reasons and like you understand 267 00:12:27,679 --> 00:12:30,880 Speaker 1: where your values are. You're still valuing your family, You're 268 00:12:30,880 --> 00:12:34,080 Speaker 1: doing it for them, and you're not centering the company 269 00:12:34,120 --> 00:12:37,120 Speaker 1: in its needs. And if you do that, I just 270 00:12:37,120 --> 00:12:39,920 Speaker 1: feel like you'll be able to withstand that chaos a 271 00:12:39,960 --> 00:12:42,400 Speaker 1: little bit better, because genuinely, I think one of my 272 00:12:42,480 --> 00:12:45,120 Speaker 1: superpowers in corporate was that I could stand a little chaos. 273 00:12:45,800 --> 00:12:49,280 Speaker 1: It was just like this, because chaos some people just 274 00:12:49,400 --> 00:12:51,800 Speaker 1: like to get upset about things and complain about things 275 00:12:51,800 --> 00:12:55,000 Speaker 1: and like oh this, you know, and worry about things 276 00:12:55,080 --> 00:12:56,840 Speaker 1: like oh, did you hear what they said in that 277 00:12:56,880 --> 00:12:58,680 Speaker 1: town hall meeting? It seemed a little different than that 278 00:12:58,720 --> 00:13:00,720 Speaker 1: town And I'm like, yeah, but this is a corporation, 279 00:13:01,840 --> 00:13:04,800 Speaker 1: you know, business business plans are going to change. Wall 280 00:13:04,800 --> 00:13:06,840 Speaker 1: Street's gonna talk, and then the company is gonna make it. 281 00:13:06,880 --> 00:13:07,400 Speaker 2: Move this way. 282 00:13:07,800 --> 00:13:11,559 Speaker 1: There's always gonna be some chaos. Like I just think 283 00:13:11,640 --> 00:13:14,560 Speaker 1: if you can like change your mindset, you can you 284 00:13:14,600 --> 00:13:17,559 Speaker 1: can cope with that stress and that chaos. Does this 285 00:13:17,640 --> 00:13:19,080 Speaker 1: sound like a really terrible advice? 286 00:13:19,160 --> 00:13:21,160 Speaker 3: I just I don't think it's. 287 00:13:21,240 --> 00:13:22,080 Speaker 2: I just wanted to. 288 00:13:22,320 --> 00:13:25,439 Speaker 1: I just don't want you to like walk away from 289 00:13:25,480 --> 00:13:27,680 Speaker 1: an opportunity that could be great for your career wise. 290 00:13:28,040 --> 00:13:30,560 Speaker 1: And and yes, jan Ellie, with this, I love that 291 00:13:30,600 --> 00:13:33,400 Speaker 1: you said, like, use this offer as a negotiation tactic, 292 00:13:33,440 --> 00:13:36,480 Speaker 1: but if there's not another offer around the corner, Yeah, 293 00:13:37,800 --> 00:13:40,760 Speaker 1: and in this job environment, ye, there may not be 294 00:13:41,360 --> 00:13:43,760 Speaker 1: you can still take the job. And then you're like, 295 00:13:43,840 --> 00:13:46,360 Speaker 1: you have the seventy five k as your you know, 296 00:13:46,480 --> 00:13:48,720 Speaker 1: as your and you haven't even negotiated it can be 297 00:13:48,720 --> 00:13:54,440 Speaker 1: harder than seventy five k. Now that part Call me girl, 298 00:13:54,480 --> 00:13:56,480 Speaker 1: I can get you a ninety signing bonus what you want, 299 00:13:56,559 --> 00:13:59,920 Speaker 1: like and I'm just saying like you could leverage that 300 00:14:00,160 --> 00:14:02,120 Speaker 1: for more down the line, but like actually being in 301 00:14:02,160 --> 00:14:04,959 Speaker 1: the role and getting that experience, it could just make 302 00:14:04,960 --> 00:14:09,400 Speaker 1: you better, you know, better, more resilient, more battle tested. 303 00:14:10,240 --> 00:14:12,480 Speaker 3: Yeah, that's a good point. I mean, moms are so 304 00:14:13,480 --> 00:14:16,320 Speaker 3: willing to sacrifice. I mean, she's Carrie said it herself 305 00:14:16,360 --> 00:14:18,280 Speaker 3: that she's willing to do anything for her kids and 306 00:14:18,280 --> 00:14:22,120 Speaker 3: her husband. So if you know that you're coming into 307 00:14:22,200 --> 00:14:26,760 Speaker 3: this as sacrifice season and you're mentally equipped to handle 308 00:14:26,760 --> 00:14:30,920 Speaker 3: that and you have accepted it, that's a completely different 309 00:14:30,920 --> 00:14:32,880 Speaker 3: scenario than the one I was describing, where you go 310 00:14:32,960 --> 00:14:35,560 Speaker 3: in because you need to because your husband's not working, 311 00:14:35,640 --> 00:14:38,200 Speaker 3: because it's a job that you feel desperate and you 312 00:14:38,280 --> 00:14:40,920 Speaker 3: have to take it. Those are two very different women. 313 00:14:41,160 --> 00:14:43,040 Speaker 3: So Carrie, I think you need to decide which one 314 00:14:43,120 --> 00:14:45,640 Speaker 3: are you where are you right now? And be honest, 315 00:14:45,800 --> 00:14:48,560 Speaker 3: because there ain't no shame in doing a job that 316 00:14:48,600 --> 00:14:50,680 Speaker 3: you hate for more money. But there's also no shame 317 00:14:50,720 --> 00:14:53,480 Speaker 3: in turning a job that pays you more down because 318 00:14:53,560 --> 00:14:56,120 Speaker 3: it doesn't align with your family and personal intuition. So 319 00:14:56,160 --> 00:14:59,400 Speaker 3: I think you gotta you have a determination to make 320 00:14:59,440 --> 00:15:01,680 Speaker 3: Carrie like which carry is the real carry? 321 00:15:02,960 --> 00:15:03,320 Speaker 2: Carry? 322 00:15:03,320 --> 00:15:04,520 Speaker 1: B carry? 323 00:15:04,840 --> 00:15:07,800 Speaker 2: You're going to be carry bee? That was really well put. Yeah, 324 00:15:07,880 --> 00:15:08,560 Speaker 2: well good luck. 325 00:15:08,600 --> 00:15:10,720 Speaker 1: This sounds like a really adult problem to. 326 00:15:10,720 --> 00:15:14,720 Speaker 2: Have, and I feel like if it's a good problem 327 00:15:14,760 --> 00:15:15,040 Speaker 2: to have. 328 00:15:16,320 --> 00:15:18,000 Speaker 1: Oh and just one thing I'll say, if you're going 329 00:15:18,040 --> 00:15:20,920 Speaker 1: into the situation with the terrible reason with like your 330 00:15:21,080 --> 00:15:23,560 Speaker 1: team of one and like all this chaos to order out, 331 00:15:24,120 --> 00:15:28,120 Speaker 1: order out all this chaos to make order of, ask 332 00:15:28,200 --> 00:15:30,920 Speaker 1: them during the interview process what resources you're gonna have. 333 00:15:31,000 --> 00:15:33,040 Speaker 1: Because it's one thing to be, as you know, an 334 00:15:33,040 --> 00:15:37,080 Speaker 1: independent person, But if they're gonna if they're going to 335 00:15:37,200 --> 00:15:39,360 Speaker 1: acknowledge how much work this is and if they're going 336 00:15:39,400 --> 00:15:41,640 Speaker 1: to give you the resources to make it happen, then 337 00:15:41,680 --> 00:15:44,080 Speaker 1: that for me becomes a situation where I can cope 338 00:15:44,080 --> 00:15:45,960 Speaker 1: with that. But if they're saying, like you gotta do 339 00:15:46,000 --> 00:15:48,280 Speaker 1: it with no budget. We know you, we know this 340 00:15:48,360 --> 00:15:50,680 Speaker 1: position could be like three people, but we're only hiring 341 00:15:50,720 --> 00:15:53,680 Speaker 1: for one. Like that is where the toxicity can come in. 342 00:15:54,320 --> 00:15:55,760 Speaker 1: But if they're gonna give you a budget to hire 343 00:15:55,800 --> 00:15:58,360 Speaker 1: contractors and like work with other teams and stuff to 344 00:15:58,360 --> 00:16:00,400 Speaker 1: get what you need to get done, then that's that 345 00:16:00,440 --> 00:16:01,600 Speaker 1: becomes a different equation. 346 00:16:02,240 --> 00:16:05,760 Speaker 4: Facts true, true. 347 00:16:05,440 --> 00:16:09,400 Speaker 1: Well that was a juicy doozy one. Thank you, Carrie, 348 00:16:09,480 --> 00:16:12,200 Speaker 1: Anonymous Carrie. All right, let's take a quick break and 349 00:16:12,240 --> 00:16:17,080 Speaker 1: come back with question number two from Sasha. All right, 350 00:16:17,120 --> 00:16:19,840 Speaker 1: ba fam, we are back with an email question from 351 00:16:19,840 --> 00:16:23,760 Speaker 1: listeners Sasha, who has a money dilemma. All right, so 352 00:16:23,840 --> 00:16:27,560 Speaker 1: Sasha says, regretfully, I have been bad with money and 353 00:16:27,680 --> 00:16:30,760 Speaker 1: credit cards. I went from making around forty five K 354 00:16:30,880 --> 00:16:35,200 Speaker 1: to ninety K and four years and let lifestyle inflation 355 00:16:35,320 --> 00:16:38,120 Speaker 1: get the best of me. Now I have twenty K 356 00:16:38,240 --> 00:16:41,000 Speaker 1: on my AMX and fourteen K on my Discover card, 357 00:16:41,080 --> 00:16:44,440 Speaker 1: plus a mortgage plus student loans. I really want twenty 358 00:16:44,480 --> 00:16:46,240 Speaker 1: twenty five to be the year that I make a 359 00:16:46,320 --> 00:16:49,360 Speaker 1: dent in this debt. I called AMEX and asked for 360 00:16:49,440 --> 00:16:52,040 Speaker 1: a rate reduction like you suggested on an episode a 361 00:16:52,040 --> 00:16:54,880 Speaker 1: few weeks ago, and they said, yes, my rate went 362 00:16:54,920 --> 00:16:57,560 Speaker 1: down to seven point nine percent for twelve months, and 363 00:16:57,600 --> 00:17:01,000 Speaker 1: it cut my monthly payment in half. Here's my dilemma. 364 00:17:01,440 --> 00:17:04,359 Speaker 1: Do I defer my loans and take the difference of 365 00:17:04,400 --> 00:17:08,640 Speaker 1: my old MX payment plus my deferred low payment, which 366 00:17:08,680 --> 00:17:11,359 Speaker 1: is about five hundred dollars and throw it at my 367 00:17:11,440 --> 00:17:15,280 Speaker 1: Discover card or throw it at my Discover card, throw 368 00:17:15,280 --> 00:17:17,640 Speaker 1: it out my AMEX card, or save it and put 369 00:17:17,680 --> 00:17:21,160 Speaker 1: it back to stack my savings. And then, if by 370 00:17:21,160 --> 00:17:24,920 Speaker 1: the twelve month mark I have a decent savings, throw 371 00:17:24,960 --> 00:17:27,760 Speaker 1: a chunk at the AMX before the rate goes back up. 372 00:17:27,920 --> 00:17:32,320 Speaker 1: I'm so torn on what to do. I lost the 373 00:17:32,359 --> 00:17:35,639 Speaker 1: plot here. There's a lot going on. Do I defer 374 00:17:35,800 --> 00:17:36,480 Speaker 1: my loans? 375 00:17:36,840 --> 00:17:37,199 Speaker 2: Defer? 376 00:17:37,320 --> 00:17:41,359 Speaker 1: Does she mean like take a break from paying? Yeah, 377 00:17:41,400 --> 00:17:43,639 Speaker 1: and then take the payment she's what had been putting. 378 00:17:44,080 --> 00:17:44,919 Speaker 2: Yeah, I get it. 379 00:17:45,280 --> 00:17:48,439 Speaker 1: Okay, So take the difference of my old MX payment 380 00:17:48,520 --> 00:17:52,119 Speaker 1: plus my deferred student loan payment and okay, So what 381 00:17:52,200 --> 00:17:55,040 Speaker 1: she's saving on the MX payment because they reduced her rate, 382 00:17:55,640 --> 00:17:58,600 Speaker 1: take that amount plus the five hundred student loans and 383 00:17:58,600 --> 00:18:01,480 Speaker 1: put it on her Discover card because at this point 384 00:18:01,560 --> 00:18:04,960 Speaker 1: it's more expensive debt right than what's on her MX 385 00:18:05,880 --> 00:18:12,160 Speaker 1: or should she save it, set it aside, and then 386 00:18:12,480 --> 00:18:14,720 Speaker 1: save that for twelve months and then throw it at 387 00:18:14,720 --> 00:18:16,159 Speaker 1: the MX car before the rate. 388 00:18:16,040 --> 00:18:16,960 Speaker 2: Goes back up. 389 00:18:17,520 --> 00:18:23,919 Speaker 3: Okay, I would not defer the loans. I think the 390 00:18:24,080 --> 00:18:28,119 Speaker 3: tricky thing is like you're constantly going to be like 391 00:18:28,640 --> 00:18:32,280 Speaker 3: tempted to stop in one place to then go in another. 392 00:18:32,480 --> 00:18:34,560 Speaker 1: Can you just stop your student loans, like what. 393 00:18:34,520 --> 00:18:38,919 Speaker 3: You can you can do? That's the thing. The crewl 394 00:18:38,960 --> 00:18:41,200 Speaker 3: of the interest does not stop, and it continues to 395 00:18:41,240 --> 00:18:45,160 Speaker 3: accrue on the principal balance plus any previous interests. So 396 00:18:45,200 --> 00:18:49,399 Speaker 3: it's really important that you like recognize that you're not pausing. 397 00:18:49,920 --> 00:18:52,560 Speaker 3: They're going to keep adding interest. You're actually just not 398 00:18:52,720 --> 00:18:55,640 Speaker 3: paying it down. So I think that the key would 399 00:18:55,680 --> 00:18:58,400 Speaker 3: be to try to call the student loans and see 400 00:18:58,400 --> 00:19:01,000 Speaker 3: if they can work you down to the lowest possible 401 00:19:01,040 --> 00:19:05,000 Speaker 3: minimum monthly payment that will still continue to keep you 402 00:19:05,040 --> 00:19:08,000 Speaker 3: in good standing. It's not a deferment, it's not a forbearance, 403 00:19:08,000 --> 00:19:11,000 Speaker 3: it's none of those things. It's just the lowest possible 404 00:19:11,000 --> 00:19:13,520 Speaker 3: monthly payment that you can get. And that means you 405 00:19:13,600 --> 00:19:16,240 Speaker 3: might have to change the student loan payment repayment plan 406 00:19:16,280 --> 00:19:18,520 Speaker 3: that you're opted into right now. If you're opted into, 407 00:19:19,280 --> 00:19:22,520 Speaker 3: you know, for example, income income driven repayment, you may 408 00:19:22,560 --> 00:19:24,919 Speaker 3: have to change to the extended graduated. You may have 409 00:19:24,960 --> 00:19:27,399 Speaker 3: to swap what repayment plan you have so that you 410 00:19:27,440 --> 00:19:31,439 Speaker 3: can actually, you know, reconfigure that student low monthly number 411 00:19:31,480 --> 00:19:34,120 Speaker 3: to be the lowest number that it can be. That way, 412 00:19:34,160 --> 00:19:38,240 Speaker 3: you free up that other money without stopping completely your payments. 413 00:19:38,760 --> 00:19:40,320 Speaker 3: Otherwise you're not going to be putting a debt in 414 00:19:40,720 --> 00:19:43,399 Speaker 3: that debt and then that interest keeps accruing. So I 415 00:19:43,440 --> 00:19:46,320 Speaker 3: would say, try that, And then I'm tempted to say, yes, 416 00:19:46,359 --> 00:19:48,280 Speaker 3: take advantage of the lower interest rate that you have 417 00:19:48,359 --> 00:19:50,119 Speaker 3: on the AMEX right now and go hamm on that, 418 00:19:50,160 --> 00:19:52,639 Speaker 3: because once it's back up, there's no way. I mean, 419 00:19:52,680 --> 00:19:53,960 Speaker 3: you can call them and say, hey, can you give 420 00:19:54,000 --> 00:19:56,120 Speaker 3: me that low rate again, but chances are they gonna 421 00:19:56,119 --> 00:19:58,360 Speaker 3: be like, girl, we just hooked you up, goodbye. So 422 00:19:58,480 --> 00:20:01,040 Speaker 3: I think you probably will want to take advantage of that, 423 00:20:01,080 --> 00:20:03,920 Speaker 3: being that they generously lower that rate, and so I 424 00:20:03,960 --> 00:20:05,640 Speaker 3: would do. I would call the loans, try to get 425 00:20:05,640 --> 00:20:08,199 Speaker 3: the lower amount monthly, take the difference, add it to 426 00:20:08,240 --> 00:20:11,399 Speaker 3: the AMEX card, and then you can tackle the capital 427 00:20:11,440 --> 00:20:15,679 Speaker 3: one card or the Discover card next, after the Discover 428 00:20:15,800 --> 00:20:16,320 Speaker 3: card next. 429 00:20:16,640 --> 00:20:19,120 Speaker 1: So you think you should throw it at the Amex 430 00:20:19,160 --> 00:20:22,800 Speaker 1: which is at a seven point nine percent rate, Okay, 431 00:20:23,080 --> 00:20:25,440 Speaker 1: either because then you Discover cards more expensive? 432 00:20:25,680 --> 00:20:27,800 Speaker 3: Yeah, because only because of the fact that you're going 433 00:20:27,880 --> 00:20:29,680 Speaker 3: to basically be locking in a deal that you won't 434 00:20:29,680 --> 00:20:32,280 Speaker 3: ever get again with the Amex card. And then potentially 435 00:20:32,320 --> 00:20:33,840 Speaker 3: what you could do is go on to the Discover 436 00:20:33,920 --> 00:20:35,960 Speaker 3: card and negotiate that same deal that you got with 437 00:20:35,960 --> 00:20:39,159 Speaker 3: the Amex card, potentially get a balance transfer or do 438 00:20:39,160 --> 00:20:41,520 Speaker 3: a balance transfer, move that one somewhere where zero percent 439 00:20:41,560 --> 00:20:43,399 Speaker 3: for eighteen months or twenty one months, right, so that 440 00:20:43,480 --> 00:20:44,800 Speaker 3: one you can kind of get to it. But right 441 00:20:44,840 --> 00:20:46,840 Speaker 3: now you got this opportunity that you can lock in 442 00:20:46,880 --> 00:20:48,760 Speaker 3: this low rate, get rid of this debt at the 443 00:20:48,800 --> 00:20:51,480 Speaker 3: lowest rate you'll you'll have it for. And I think 444 00:20:51,480 --> 00:20:53,800 Speaker 3: there's something there that you should take advantage of before 445 00:20:53,800 --> 00:20:54,320 Speaker 3: you lose it. 446 00:20:55,440 --> 00:20:57,720 Speaker 4: Oh yeah, No, I definitely agree with that too, because yeah, 447 00:20:57,720 --> 00:20:59,480 Speaker 4: because it's just a different thing that's going to go 448 00:20:59,560 --> 00:21:02,280 Speaker 4: right back up to whoever it was. I'm assuming twenty 449 00:21:02,520 --> 00:21:05,840 Speaker 4: plus percent. And the thing is, when. 450 00:21:05,680 --> 00:21:07,679 Speaker 1: I feel like she should just put the money on 451 00:21:07,720 --> 00:21:10,880 Speaker 1: the Discovery, even though only because it's so much more expensive. 452 00:21:11,760 --> 00:21:13,800 Speaker 3: Yeah, but then she's gonna have two expensive ones once 453 00:21:13,840 --> 00:21:16,440 Speaker 3: the mix is back to that same expensive rate again 454 00:21:16,480 --> 00:21:16,800 Speaker 3: as well. 455 00:21:16,880 --> 00:21:19,640 Speaker 1: She has twenty K on MX and fourteen K on Discover. 456 00:21:20,160 --> 00:21:21,800 Speaker 4: Yeah, so not only does she have the higher balance 457 00:21:21,800 --> 00:21:24,800 Speaker 4: on the American Express, she has now a temporarily lower 458 00:21:24,800 --> 00:21:26,879 Speaker 4: interest rates. So what's happening is now every payment you 459 00:21:26,920 --> 00:21:28,639 Speaker 4: make is gonna have a bigger impact as well, right, 460 00:21:28,640 --> 00:21:31,119 Speaker 4: because you're more of it's going towards paying down that balance. 461 00:21:31,119 --> 00:21:33,720 Speaker 4: You have less accumulating interest every single month, so you're 462 00:21:33,720 --> 00:21:35,800 Speaker 4: not just paying down a bunch of interest. And she already, 463 00:21:35,800 --> 00:21:38,240 Speaker 4: I'm assuming has a regiment of a schedule of paying 464 00:21:38,280 --> 00:21:40,600 Speaker 4: both those cards already. And the thing that still got 465 00:21:40,600 --> 00:21:42,200 Speaker 4: to me, she said, they cut my payment in half. 466 00:21:42,240 --> 00:21:43,880 Speaker 4: And the thing is with the credit card, it cut 467 00:21:43,920 --> 00:21:46,240 Speaker 4: your minimum payment in half, which is always the worst 468 00:21:46,240 --> 00:21:48,840 Speaker 4: payment to be making anyway, it was making the least it. 469 00:21:48,880 --> 00:21:50,960 Speaker 3: Is going to interest. The majority of that is going to. 470 00:21:50,920 --> 00:21:53,440 Speaker 4: Interest fees exactly. So for me, I'm like, you just 471 00:21:53,520 --> 00:21:55,520 Speaker 4: keep paying that as if nothing changed, You paying whatever 472 00:21:55,520 --> 00:21:58,360 Speaker 4: the higher payment was you're paying before and in the situation. 473 00:21:58,520 --> 00:22:01,800 Speaker 4: She's she's admitting like, we, oh, I've been there, lifestyle creep, right, 474 00:22:01,840 --> 00:22:03,560 Speaker 4: we let things get more expensive. And so to me, 475 00:22:03,880 --> 00:22:06,480 Speaker 4: it's like, in combination with this great breaky, all you 476 00:22:06,480 --> 00:22:09,800 Speaker 4: have on interest is now re evaluating everything else you're spending. 477 00:22:09,800 --> 00:22:11,640 Speaker 4: Because if you were able to survive on forty five 478 00:22:11,720 --> 00:22:13,800 Speaker 4: and now you're making twice that, there are probably some 479 00:22:13,840 --> 00:22:15,520 Speaker 4: areas that you can maybe some areas that were definitely 480 00:22:15,560 --> 00:22:17,280 Speaker 4: needed to be upgraded, but there are probably some areas 481 00:22:17,280 --> 00:22:18,879 Speaker 4: that didn't need to that you can bring back down. 482 00:22:18,960 --> 00:22:21,120 Speaker 4: So I think it's not for a full evaluation because 483 00:22:21,119 --> 00:22:22,880 Speaker 4: there's probably some more money you could be pulling from 484 00:22:22,880 --> 00:22:25,480 Speaker 4: some other areas also just throwing it all at that 485 00:22:25,560 --> 00:22:27,879 Speaker 4: card and getting those balances down because credit card interest 486 00:22:28,000 --> 00:22:29,399 Speaker 4: it eats you up quick. 487 00:22:30,280 --> 00:22:33,960 Speaker 2: I mean, what's the only. 488 00:22:33,800 --> 00:22:38,480 Speaker 3: Thing worse then credit card interest is paid a lending interest. 489 00:22:39,760 --> 00:22:41,160 Speaker 3: It's the only thing that's worse than it. 490 00:22:42,240 --> 00:22:45,800 Speaker 1: And the compounding of it exactly that that that part 491 00:22:45,840 --> 00:22:48,320 Speaker 1: is the worst, and everyone that you do that you 492 00:22:48,359 --> 00:22:51,199 Speaker 1: don't send a higher payment compared to the minimum that 493 00:22:51,200 --> 00:22:52,600 Speaker 1: they're charging. 494 00:22:52,280 --> 00:22:54,960 Speaker 3: You, that's another month of you letting them just eat 495 00:22:55,000 --> 00:22:55,960 Speaker 3: up your money to interest. 496 00:22:55,960 --> 00:23:02,119 Speaker 1: Fees, yeah, balance transfers better. Yeah. I feel like this 497 00:23:02,200 --> 00:23:04,000 Speaker 1: is one of those situations too, where you get the 498 00:23:04,040 --> 00:23:05,760 Speaker 1: higher paying job and then you start acting like it 499 00:23:05,800 --> 00:23:09,919 Speaker 1: immediately and you start you know, and I have been 500 00:23:09,960 --> 00:23:11,639 Speaker 1: there too. It's like you think you're like, oh, I'm 501 00:23:11,640 --> 00:23:14,080 Speaker 1: gonna have this money coming in whatever, so you start 502 00:23:14,080 --> 00:23:18,000 Speaker 1: to justify small increases to your spending like oh, I'm 503 00:23:18,000 --> 00:23:19,879 Speaker 1: gonna have it, I'm gonna have it, and like, but 504 00:23:19,920 --> 00:23:21,480 Speaker 1: you haven't actually earned the money yet. 505 00:23:21,560 --> 00:23:23,800 Speaker 2: Ninety k is not like in your pocket immediately. 506 00:23:24,080 --> 00:23:26,240 Speaker 1: It comes in these paychecks, so you really have to 507 00:23:26,840 --> 00:23:29,520 Speaker 1: It's not about well, I earned double now, it's like, well, 508 00:23:29,520 --> 00:23:32,320 Speaker 1: how much do you have hitting your bank account each 509 00:23:32,440 --> 00:23:36,680 Speaker 1: paycheck this time? And still budgeting for that amount and 510 00:23:36,760 --> 00:23:38,960 Speaker 1: not getting caught up in the whole ninety k thing 511 00:23:41,240 --> 00:23:44,040 Speaker 1: and making a plan for how you're gonna get un like, 512 00:23:44,040 --> 00:23:47,639 Speaker 1: get not just pay off these cards, but break the 513 00:23:48,400 --> 00:23:51,640 Speaker 1: break whatever habits, whatever, like budget issues. 514 00:23:51,400 --> 00:23:54,760 Speaker 2: There are that got you into this situation. 515 00:23:54,920 --> 00:23:57,920 Speaker 1: So like throwing away those cards, cutting them up Dave 516 00:23:58,119 --> 00:24:00,840 Speaker 1: Ramsey style, if you want to do that to your ministry, 517 00:24:00,920 --> 00:24:04,000 Speaker 1: if not just stettying a budget and sticking to it. 518 00:24:04,760 --> 00:24:06,880 Speaker 3: Yeah, cut them up, but don't close the accounts. Let's 519 00:24:06,880 --> 00:24:09,080 Speaker 3: do that because we want to keep your credit good, 520 00:24:09,119 --> 00:24:11,159 Speaker 3: especially because you have a mortgage. You might want to 521 00:24:11,160 --> 00:24:13,439 Speaker 3: refinance that mortgage in a couple years when these rates drops. 522 00:24:13,440 --> 00:24:16,240 Speaker 3: So you gotta be be mindful that there's a strategist, 523 00:24:16,280 --> 00:24:17,800 Speaker 3: a chess game going on right now with all the 524 00:24:17,800 --> 00:24:20,440 Speaker 3: components of your financial situation. You mentioned a mortgage, you 525 00:24:20,480 --> 00:24:23,080 Speaker 3: mentioned sudent loans, you mentioned credit card. So it is 526 00:24:23,200 --> 00:24:27,959 Speaker 3: you can't handle each one in complete isolation because if 527 00:24:28,000 --> 00:24:29,720 Speaker 3: you if you, if you cut the card and close 528 00:24:29,760 --> 00:24:33,439 Speaker 3: it now, you're affecting potential future mortgage refinancy rates. And 529 00:24:33,480 --> 00:24:35,800 Speaker 3: so that's kind of you know, looking at the complete 530 00:24:35,800 --> 00:24:38,080 Speaker 3: puzzle rather than individual puzzle pieces is going to be 531 00:24:38,119 --> 00:24:39,720 Speaker 3: really important for you right now because this is a 532 00:24:39,720 --> 00:24:43,720 Speaker 3: stressful situation to have. But it sounds like you have 533 00:24:43,760 --> 00:24:46,399 Speaker 3: a menu of options. You you know, you've heard a 534 00:24:46,440 --> 00:24:49,080 Speaker 3: couple of our opinions on what you should do, and 535 00:24:49,160 --> 00:24:51,080 Speaker 3: think it is definitely a plan of attack. And then 536 00:24:51,119 --> 00:24:53,560 Speaker 3: to Chris's point, I would double down on that sit 537 00:24:53,600 --> 00:24:55,439 Speaker 3: down and go through the numbers like where are you 538 00:24:55,520 --> 00:24:58,520 Speaker 3: doing too much? Where are you doing the most, and 539 00:24:58,520 --> 00:25:00,560 Speaker 3: and what can you do to clean that up? I 540 00:25:00,800 --> 00:25:02,639 Speaker 3: do this all the time, like at least once or 541 00:25:02,640 --> 00:25:04,199 Speaker 3: twice a year, I will sit down and go, all right, 542 00:25:04,240 --> 00:25:05,720 Speaker 3: I'm doing too much. I do not need to have 543 00:25:05,720 --> 00:25:08,280 Speaker 3: Apple Music and Spotify. What the hell like, I need 544 00:25:08,320 --> 00:25:11,520 Speaker 3: to stop, you know, And if you're doing that right now, 545 00:25:11,640 --> 00:25:14,320 Speaker 3: check yourself because that that's a small example of ways 546 00:25:14,359 --> 00:25:17,760 Speaker 3: that you become careless financially and in larger ways later. 547 00:25:18,000 --> 00:25:20,440 Speaker 3: So you know, just be on top of yourself because 548 00:25:20,440 --> 00:25:21,720 Speaker 3: no one else is going to be looking at your 549 00:25:21,720 --> 00:25:23,960 Speaker 3: finances and checking you. You got to check yourself. Boo. 550 00:25:24,680 --> 00:25:26,879 Speaker 4: Yeah. And then also if you're tacking that card and 551 00:25:26,920 --> 00:25:29,760 Speaker 4: paying it down and you stop using it, what'n't happening 552 00:25:29,760 --> 00:25:31,200 Speaker 4: to amaxually? But like, hey, we're making a lot of 553 00:25:31,240 --> 00:25:32,880 Speaker 4: money off this person and we're not anymore. And that's 554 00:25:32,880 --> 00:25:34,600 Speaker 4: when you start getting some those better offers too, to 555 00:25:34,680 --> 00:25:36,560 Speaker 4: keep your interest rates low, and it's our offering, Like, oh, 556 00:25:36,600 --> 00:25:38,000 Speaker 4: what about a little balance stress. If you want to 557 00:25:38,000 --> 00:25:39,560 Speaker 4: bring over some of that Discover balance, We'll give you 558 00:25:39,680 --> 00:25:42,600 Speaker 4: zero percent for a year. So you the more the 559 00:25:42,640 --> 00:25:44,679 Speaker 4: more responsible you are, the more likely you already get 560 00:25:44,720 --> 00:25:46,280 Speaker 4: some of these other breaks too. That will maybe make 561 00:25:46,280 --> 00:25:47,400 Speaker 4: it a little bit easier for you. 562 00:25:48,359 --> 00:25:49,640 Speaker 2: Yeah, it's a good call for sure. 563 00:25:49,680 --> 00:25:52,159 Speaker 1: I want her to like try to get a balance 564 00:25:52,160 --> 00:25:54,600 Speaker 1: trends for the discover first ask if they'll reduce it 565 00:25:55,240 --> 00:25:57,000 Speaker 1: or try to get a balanced trendsfer I mean, shit, 566 00:25:57,600 --> 00:25:59,280 Speaker 1: MX may even say you can carry that. 567 00:25:59,240 --> 00:26:00,760 Speaker 2: On over here and we'll get zero percent. 568 00:26:01,320 --> 00:26:03,000 Speaker 1: Because it can't be the same issue where it has 569 00:26:03,040 --> 00:26:05,280 Speaker 1: to be a different so Chase Bank. 570 00:26:05,119 --> 00:26:07,040 Speaker 2: Of America, Wells Fargo. 571 00:26:08,520 --> 00:26:12,359 Speaker 1: Yeah, you have options, h yes, but don't spend too 572 00:26:12,400 --> 00:26:14,840 Speaker 1: much time playing the shame game or the blame game. 573 00:26:14,720 --> 00:26:16,399 Speaker 2: Like it happens to the best of us. 574 00:26:16,440 --> 00:26:19,800 Speaker 1: Just about like facing it, getting it done and then 575 00:26:19,920 --> 00:26:22,480 Speaker 1: trying to remember how shitty it felt and not doing 576 00:26:22,520 --> 00:26:22,920 Speaker 1: it again. 577 00:26:23,400 --> 00:26:25,080 Speaker 4: Yeah, that's it. 578 00:26:25,359 --> 00:26:29,280 Speaker 3: That's it right there, not letting it happen again to. 579 00:26:29,240 --> 00:26:31,639 Speaker 1: The best of your abilities. And also don't have children 580 00:26:31,640 --> 00:26:32,359 Speaker 1: and move to the summer. 581 00:26:32,560 --> 00:26:34,000 Speaker 2: Also really. 582 00:26:35,560 --> 00:26:40,480 Speaker 1: Really is a personal finance conundrum. I will say all 583 00:26:40,640 --> 00:26:43,359 Speaker 1: r Iba fan, thank you so much for sending your questions. 584 00:26:43,400 --> 00:26:46,040 Speaker 1: Again Brandimission Podcast at gmail dot com to have your 585 00:26:46,119 --> 00:26:49,399 Speaker 1: question right on the show or hit us up on 586 00:26:49,440 --> 00:26:53,080 Speaker 1: ig We're at brand Ambision Podcast And until next time. 587 00:26:53,160 --> 00:26:59,240 Speaker 2: Bye.