Speaker 1: Hey, Hey, Hey, I'm Tiffany.
Speaker 2: What's up. Guys, It's Mandy.
Speaker 1: And this is brown a Vision. Hey, Mandra, how you been.
Speaker 1: I've been good.
Speaker 2: I've been good. I've been enjoying this little teaser of
Speaker 2: spring weather, although winter is already back and driving me insane.
Speaker 1: Yeah, the winter. It's definitely giving us some Oh what's
Speaker 1: that thing you guys watched that I don't watch?
Speaker 2: Came of Thrones?
Speaker 1: Yes, but you know what, you'll be proud of me.
Speaker 1: This is a little aside because I see the new
Speaker 1: Game of Thrones is coming out soon, right, the last one?
Speaker 2: Yeah, April fourteenth, but you know who's counting.
Speaker 1: And I felt like I ought to know at least
Speaker 1: some basics of what's happening. There's actually this really great
Speaker 1: YouTube channel called CRAM. I think it's see. I don't
Speaker 1: know if it's KRC either way. So he crams each
Speaker 1: season into like a twenty to like thirty thirty five
Speaker 1: minute explanation, and I feel like I know things.
Speaker 2: Oh, okay, got a challenge.
Speaker 1: It was really good, honestly, because I was bored one night,
Speaker 1: I could not go to sleep, and I said, you
Speaker 1: know what, I feel like I'm never going to watch
Speaker 1: the Game of Thrones because I mean, let's be wrong,
Speaker 1: I'm so behind. But so I watched the first season
Speaker 1: and I was like, okay, the first season cramed. It
Speaker 1: was like, I said, like thirty minutes and I said, okay,
Speaker 1: the narest Targarian, Okay, just you know, poor poor Ned
Speaker 1: with his head cut off, got it, got it, got it?
Speaker 2: Spoiler hurt damn well.
Speaker 1: I mean, if you haven't watched the first season, it's
Speaker 1: already just watched crams.
Speaker 2: I mean, there's a lot of heads that get cut off.
Speaker 1: But it was so honestly, it was so good and
Speaker 1: I was like, oh, I can see why you guys
Speaker 1: like it. Although I am not sitting down to watch
Speaker 1: eight seasons of so many episodes. But I thought proud
Speaker 1: of myself because I feel like when the new season
Speaker 1: comes out, because Superman does watch Game of Thrones, and
Speaker 1: now I feel like I can watch with him and
Speaker 1: not be like, who's that, what's that? What's going on? Yeah,
Speaker 1: I'm like, I know things. I was like, oh wait
Speaker 1: till I tell Mandra.
Speaker 2: I mean, no, it's you know, no, there's just so
Speaker 2: much content out there. I don't blame anybody for I
Speaker 2: mean I spent this weekend. I thought I was going
Speaker 2: to binge the Queer Eye, which I did watch a
Speaker 2: few episodes. Do you watch Queer Eye on Netflix?
Speaker 1: Oh, there's too many things to watch.
Speaker 2: I know, there's so much, but like this is this
Speaker 2: show will just make you just just want to hug
Speaker 2: a puppy and just be so happy. They're just such
Speaker 2: a fun like little show. You don't have to binge it.
Speaker 2: You can just watch little sprinkles of it. But I
Speaker 2: had to. I like forced myself to get out of
Speaker 2: the house and enjoy the sunshine. So I was quite
Speaker 2: feeling myself for just enjoying. We did a lot of
Speaker 2: yard work and we went took Molly to the dog park,
Speaker 2: which she wasn't a fan of. Little Molly is an
Speaker 2: introvert like her mommy.
Speaker 1: Oh she didn't like the dog park.
Speaker 2: She was just she's introverted. She doesn't It was just
Speaker 2: too much stimulation for her. You know, all these extroverted
Speaker 2: dogs trying to sniff her butt and you know, play
Speaker 2: with her.
Speaker 1: But I don't know.
Speaker 2: You exactly it was. It was too too much for her.
Speaker 2: So it was a little sensory overload. And we came
Speaker 2: home and we just made our backyard a nice little
Speaker 2: place for her to relax, and it was funny because
Speaker 2: her real personality started coming out and she was having
Speaker 2: a good time.
Speaker 1: Yeah, I saw your ig. Sorry. I thought it was
Speaker 1: so cute when you guys were you were chasing her
Speaker 1: and she was like catch me, okay, no, pet me.
Speaker 1: I thought that was so adorable.
Speaker 2: Yeah, she walks herself now, it's awesome, just in the byard.
Speaker 1: I love that. Is she gonna get much bigger? Do
Speaker 1: you know, like how how big her breed or whatever
Speaker 1: normally gets.
Speaker 2: No, this is it. She's a little over a year old,
Speaker 2: like a year and a half, and this is she's
Speaker 2: fully grown. So she's like really little size. Yeah, she's
Speaker 2: just she's mixed. She's a Labrador, but she's mixed with
Speaker 2: something small, like a type of terrier that's small. So
Speaker 2: we got really lucky because she's got all the personality
Speaker 2: of a lab but not the huge size. Like if
Speaker 2: you look at her next to a full sized labrador
Speaker 2: like a purebread, she's like one third of their size.
Speaker 1: Yeah, she's a great size. Oh look, mixed girl got
Speaker 1: a mix babe, be big s puppy.
Speaker 2: My little mutt and she's black and white too, but
Speaker 2: you know, on the.
Speaker 1: Nose, I love that. Oh yeah, she's adorable. You almost
Speaker 1: make almost I'm like, oh, I want to pat a dog.
Speaker 2: I honestly the mental health boost from having a dog
Speaker 2: in my life, because I've been wanting a dog for
Speaker 2: I would have had a dog years ago if it
Speaker 2: wasn't for waiting for my partner to be on the
Speaker 2: same page. Really frustrating, but finally we got one. But
Speaker 2: I just I grew up with dogs and I feel
Speaker 2: like she has. Yes, there's sort of the maintenance of
Speaker 2: having an animal or whatever that you know, you have
Speaker 2: to like plan your life around them a little bit,
Speaker 2: but I think that's good practice for having a kid
Speaker 2: for one, and then two just the mental health benefit.
Speaker 2: I mean, I'm just so much happier. And she's also
Speaker 2: forcing me to get out of the house, Like I
Speaker 2: get up at seven am and go on a one
Speaker 2: and a half mile walk that I never would have taken,
Speaker 2: you know before. And I think that she's just had
Speaker 2: so many benefits just even just being in my life
Speaker 2: for a few weeks that I'm not going back. I'm
Speaker 2: always gonna have a dog.
Speaker 1: Yeah, honestly, they say you know. I mean that's why
Speaker 1: you see sometimes they have like an animal kind of
Speaker 1: like program at like like elder homes and stuff like that,
Speaker 1: because it just it's just helpful. I remember when I
Speaker 1: had a I mean, I know a cat's not the same,
Speaker 1: but I was so geek with my parents because they
Speaker 1: were like, no, you can't have this, No you can't
Speaker 1: have that. But they felt like a cat with something
Speaker 1: that was fairly easy. And cats are fairly easy to
Speaker 1: take care because they're so independent. Honestly though, but it
Speaker 1: made my day. It also made me so responsible because
Speaker 1: like I was responsible for her vet bill, you know,
Speaker 1: I was responsible for feeding her and making sure that
Speaker 1: she had like you know, wherever she was going to
Speaker 1: go to the bathroom. But it was just like nice
Speaker 1: to have. I mean, although cats will give you the
Speaker 1: same kind of love, it was nice to have like
Speaker 1: this living, you know, living cute little creature just kind
Speaker 1: of like I love you too. I mean, although cats
Speaker 1: are like I love you too, I get.
Speaker 2: They bless you with their presence. Is this the same
Speaker 2: guy that you said ended up living with the neighbors.
Speaker 1: Yes, well, I mean, to be fair, we did leave
Speaker 1: her kind of higher drive, but still I know.
Speaker 3: Yeah.
Speaker 1: My dad was like, oh well, I was like, no,
Speaker 1: she's like the thing about a cat. It's not like
Speaker 1: a dog. We're like, I'm gonna get my cat and
Speaker 1: bring it back like we tried. The cat was like, girl,
Speaker 1: I don't live with you anymore. I'm still going across
Speaker 1: the street, so you know. But it was cute for
Speaker 1: her to let her let us know, like me hourring
Speaker 1: out the window. Can you imagine the gall for us
Speaker 1: to walk by and for her to be out and
Speaker 1: be like, hey girl with her new collar on. I
Speaker 1: was like, so, this is where you lived now, and
Speaker 1: you're just letting me know. I'm good. Don't worry. I
Speaker 1: get fed here. I was like, you know what, it's fine,
Speaker 1: sit there. I wanted to even call her.
Speaker 2: She had to do what was best for her.
Speaker 1: You know.
Speaker 2: She lived her best life.
Speaker 1: Her best when I say her best, because my dad
Speaker 1: was definitely not for an inside cat. I'm like, Daddy,
Speaker 1: they're they're not outside, you know, like they need to
Speaker 1: be inside. He's like no, So I used to just
Speaker 1: have to seek her inside. But she's like, but here,
Speaker 1: you know, they love me inside. So I'm sure she's
Speaker 1: still lived on me and she's still alive. I mean
Speaker 1: she was got white people. Yeah, guests were like animals
Speaker 1: do not belong to No, no animals is I was like, Daddy,
Speaker 1: it's cold, So if you weren't here, what would she do?
Speaker 2: She was figured out, like daddy exactly.
Speaker 1: Any new exciting things coming up?
Speaker 2: Oh man, not really. We aren't taking any. I don't
Speaker 2: even want to go there. It's very sad. No trips
Speaker 2: for this no trips for this quarter of my life.
Speaker 2: But I am planning this is I decided this is
Speaker 2: the last year when I'm not the I'm like the
Speaker 2: only person not traveling in August. I'm just sitting at
Speaker 2: work getting everybody's out of office bouncebacks. So I'm only
Speaker 2: going to get my life together and plan a trip
Speaker 2: for August. Yeah, but I'm gonna see my dad in
Speaker 2: April and see my mom in April. So I'm I am,
Speaker 2: you know, putting my family first.
Speaker 1: Well that's good. I'm taking two weeks. I mean, I'm
Speaker 1: not gonna like travel travel necessarily, although I am interested
Speaker 1: in maybe doing like a road trip somewhere. I feel
Speaker 1: like I've always wanted to go to like Rhode Island,
Speaker 1: even though I feel like Superman is going to be
Speaker 1: like Rhode Island. I don't know. I want to see
Speaker 1: like some beautiful houses, don't they have to.
Speaker 2: I mean growing pains.
Speaker 1: I don't know. I want to do like a road
Speaker 1: trip somewhere, but I want to, you know, someplace where
Speaker 1: it's like not too far, you know what. I don't
Speaker 1: even know if I want to do a road trip
Speaker 1: because I forgot. Superman can't even drive long distances ever
Speaker 1: since his annuins and surgery. It's like he's not able
Speaker 1: to drive long distances. So that means it's all me,
Speaker 1: I know, which sucks because he used to love driving
Speaker 1: and I don't like driving. So now I'm the designated driver,
Speaker 1: always there and back. He's like, scity, babe, I'll just
Speaker 1: stay awake. Here's the thing about me. If you're driving
Speaker 1: and I'm the passenger, I'm not staying awake.
Speaker 2: Yeah, I can't do it. My husband just like pinches
Speaker 2: me until I wake up, and like that's just not fair.
Speaker 2: Why can't I enjoy life?
Speaker 1: I'm the worst. I'm like, I'm sorry, but like god forbid,
Speaker 1: you are driving with me. I'm like, you better not
Speaker 1: close your eyes. You keep me, you keep me company.
Speaker 1: But yeah, so I'm hoping maybe we'll do like a
Speaker 1: little So I'm gonna take the first two weeks off
Speaker 1: in April just because just and when I mean off,
Speaker 1: just like no work, just wusaw. You know, the house
Speaker 1: is just about finish. We're like literally like tile and
Speaker 1: were finishing the floor and like painting, so like any
Speaker 1: any week now we'll be finally done. So I'll just
Speaker 1: spend time bugging the contractors in there, like to the left,
Speaker 1: to the right, ordering.
Speaker 2: Any Renoult pictures. Where are you chronicling this experience?
Speaker 1: Yeah, I just stopped because I was like it was
Speaker 1: depressing for me because I would always be like, this
Speaker 1: is the week, this is not the week. So I'm like,
Speaker 1: at the end you wanted the ugly truth, I'll do
Speaker 1: the big reveal at the end. Okay, So I've been
Speaker 1: taking I haven't like obviously you know, we've been taking pictures.
Speaker 1: But and honestly, it like the other day I thought
Speaker 1: Superman was gonna cry because he was like, this is
Speaker 1: even better than my wildest dreams. And I'm not gonna
Speaker 1: lie now that the like tile has.
Speaker 4: Gone in me too, I'm like, wow, my my designer Rihanna,
Speaker 4: she and her so like I said, they're like a
Speaker 4: chip and Joanna husband wife designed to have a construction
Speaker 4: team and her her husband's name is Jermaine and so
Speaker 4: they have a company called Remain.
Speaker 1: Isn't that cute? Remain r E m A I N
Speaker 1: Remain Homes. And so sometimes Rihanna would be like, you know,
Speaker 1: because I'm really conservative in like my design choices, She's like,
Speaker 1: well why not look at this? So why not try this?
Speaker 1: And what about this? Siviy And I'd be like no,
Speaker 1: But now that everything's getting put in, I'm like, oh
Speaker 1: my goodness, it looks amazeball. So I'm not even gonna lie,
Speaker 1: like I can't believe this is going to be our house.
Speaker 1: I feel like the best advice I got from someone
Speaker 1: was from my business partner, Jabro. He said, Tiffany, when
Speaker 1: I first started, like, you know, doing the renovations, he said,
Speaker 1: do not budget needs to the house. And I was like,
Speaker 1: and I know what he meant. He was like, basically,
Speaker 1: I'm someone who does I take the layed gratification too
Speaker 1: far and I'm always like the next time, the next one,
Speaker 1: the next one. And so he was like, you know,
Speaker 1: you work really hard. You deserve to have a beautiful
Speaker 1: place to live and stay, and you know, like and
Speaker 1: you spend a lot of time at home because you
Speaker 1: work from home. So just like, get the things that
Speaker 1: you want. I mean obviously you know, don't put yourself
Speaker 1: in financial harms way, but get the things that you want.
Speaker 1: And so I listen to that, and I'm so happy
Speaker 1: because I really don't think we're going to be moving
Speaker 1: anytime soon.
Speaker 2: Yeah, I mean, and you also think about what you
Speaker 2: want to come home to, yeah, and what will make
Speaker 2: you feel relaxed, and yeah, I had the same kind
Speaker 2: of conversations with my husband about really investing in the
Speaker 2: spaces that were most important and where we spent most
Speaker 2: of our time so that we could really, yeah, just
Speaker 2: be happy and feel like if you're living in the
Speaker 2: house for ten years or whatever, that it's a place
Speaker 2: that you want to come home to. And at a
Speaker 2: certain point forgetting about like a little bit about the
Speaker 2: resale value and will you recoup the investment. No, you're
Speaker 2: not going to recoup everything, but yeah, you know, the
Speaker 2: the investment in your mental health and like your space
Speaker 2: for your family.
Speaker 1: It's exciting.
Speaker 2: I can't wait. It is.
Speaker 1: And also to like you know, it's not like you know,
Speaker 1: I'm not some spend spend a haulic. So it's like tifany,
Speaker 1: it's okay and a little bit of boy, like you know,
Speaker 1: it's okay to get the marble instead of the ceramic
Speaker 1: tile here, it's okay, girl, the extra two hundred dollars,
Speaker 1: it's okay, you know, so exactly, and so yeah, I
Speaker 1: can't wait hot to see it. So when it I
Speaker 1: really feel like and it's going to be like less
Speaker 1: than a month, well it'll the shell will be done.
Speaker 1: Like you know, we won't have all of our furniture
Speaker 1: stuff becuse we're still ordering because most of the stuff,
Speaker 1: most of the furniture that we live with now is
Speaker 1: like my husband's like bachelor furniture, and he's like, what
Speaker 1: about this. I'm like, babe, what part of almost everything
Speaker 1: is staying? Don't you understand? I don't want your bachelor
Speaker 1: furniture and anything that you want to take with us.
Speaker 1: That's what the man cave is for. He's so sick
Speaker 1: of me saying. He's like the man cave, right, I'm like.
Speaker 2: You got it, just put that on the box.
Speaker 1: Exactly, put that in the man cave. And so he's
Speaker 1: excited about his man cave. Boy, He's like, yes, I've
Speaker 1: got to be able to watch the game loud. I'm
Speaker 1: going to be able to have my friends over. So
Speaker 1: our our our compromise was he could do whatever he
Speaker 1: wants in the man cave far as decorations, you know,
Speaker 1: because I don't really particularly care for his sense of
Speaker 1: style and color. And then I get that. I get
Speaker 1: the rest of it, the rest of the house. Even
Speaker 1: though sometimes he's like, ooh, I think we should put
Speaker 1: I'm like, remember the rule. So he does get one
Speaker 1: veto one like absolutely not. I don't want, you know whatever.
Speaker 1: But for the most part, I mean, you know, because
Speaker 1: my husband's like he likes really bold, loud colors in
Speaker 1: the house and I don't. I'm more of a neutral
Speaker 1: and maybe like the furniture or like the pillows be
Speaker 1: a little bit bold, not the wall color, like like
Speaker 1: little we have a burgundy wall in our house, an
Speaker 1: orange wall, a green wall. Let me see what other
Speaker 1: colors we have. Those colors don't go together in our
Speaker 1: in our current apartment, in our oh no, there was
Speaker 1: that that was not happening in the house. I was like,
Speaker 1: absolutely not so like burgundy, orange, green, I mean, when
Speaker 1: I tell you we have so many colors, we have
Speaker 1: some trim that's chocolate brown. Who why? Why? Why? Why
Speaker 1: is there chocolate brown trimp? Why is that even a thing?
Speaker 1: So I told him he's not allowed to crack his
Speaker 1: lips to make any color choices except for in the basement.
Speaker 1: You can go crazy, sun, you can make this place
Speaker 1: as wildly colorful as you like, because no one's coming
Speaker 1: down here. This belongs to you.
Speaker 3: He's like, okay, fine.
Speaker 2: Okay, I've got to I'm trying. I was trying to
Speaker 2: find a way to segue to the to the headline
Speaker 2: for the show today, which is auto loane debt, but
Speaker 2: I didn't achieve it. So we're just gonna jump right in,
Speaker 2: yay auto loan debt. So this is something that over
Speaker 2: the years we've covered, I've always covered like auto loan debt.
Speaker 2: You know, auto loan debt has been rising. And what
Speaker 2: you hear when people say, you know, are we reaching
Speaker 2: crisis status with auto loans debt in America? Is it
Speaker 2: as bad as the subprime mortgage crisis, you know that
Speaker 2: precipitated the recession. Is it as bad as a student
Speaker 2: loan debt crisis? And the answer has always been no,
Speaker 2: you know, because delinquency rates for auto loans haven't always
Speaker 2: been that bad. And the reason is, and the reason
Speaker 2: people's experts will say, is because people need their cars,
Speaker 2: like they're always going to pay their car note, because
Speaker 2: they needed to get to and from their actual job.
Speaker 2: So it's one of these things that while debt has
Speaker 2: been increasing, people haven't been as worried because it hasn't
Speaker 2: become this whole source of delinquency. But I find auto
Speaker 2: loan debt in America, the numbers that we have in
Speaker 2: our most recent Lending Tree analysis of auto loan debt
Speaker 2: just really just caught me off guard, and I wanted
Speaker 2: to spend some time talking about auto loan debt and
Speaker 2: about the car culture that we have in this country,
Speaker 2: and how I genuinely feel like if people treated, if
Speaker 2: people were less willing to take on so much debt
Speaker 2: for their cars, they could so much easier achieve other
Speaker 2: financial goals that they have in life, Like how you
Speaker 2: read those studies all the time that say that Americans
Speaker 2: can't scrounge up four hundred dollars for an emergency, Well,
Speaker 2: the average auto loan in America, the average car note
Speaker 2: in America, it's over five hundred dollars.
Speaker 1: I'm not sure. I remember I told you that story
Speaker 1: about Superman had a nine hundred dollars car note when
Speaker 1: I met him, remember, and I met it was that much. Yeah,
Speaker 1: and then that didn't include insurance. And I was like,
Speaker 1: so this is this is your house you live, this
Speaker 1: is a mortgage and you live in his house. And
Speaker 1: his excuse was because he worked for the City of
Speaker 1: Newark the site that he lived on, because he was
Speaker 1: like on call, he didn't have to he didn't have
Speaker 1: to pay rent. So he was like, I can splurge
Speaker 1: on my car because I'm not paying rent. And I
Speaker 1: was like, so what happens one day if they're like psych,
Speaker 1: you know, we're going to eliminate the own call pard
Speaker 1: and asked you to pay rent. And he was like well,
Speaker 1: and I was like really adamant about it. And so
Speaker 1: he actually had to surrender his car back because I'm like,
Speaker 1: it's just too high. It doesn't make sense. It's too high.
Speaker 1: He had a denialatege one of those big trucks, you know,
Speaker 1: or whatever the current year was, and so he did,
Speaker 1: and sure enough, two months later after he did that
Speaker 1: he they took away that part of his position and
Speaker 1: he had to pay rent. And he was like, and
Speaker 1: you know, I didn't want to say I told you so,
Speaker 1: but I said, I told you, But I just remember,
Speaker 1: I'm not gonna lie, you know, Mandy. Up until that,
Speaker 1: I didn't even know car loans could get as high
Speaker 1: as nine hundred dollars and I couldn't.
Speaker 2: That's like a mortgage payment. That's crazy.
Speaker 1: It's like it is a mortgage payment. I didn't. I'm like,
Speaker 1: how does a salesperson and good conscience tell you they.
Speaker 2: Don't have a conscience. That's not part of their job.
Speaker 2: They when you walk into the dealership, and this is
Speaker 2: a mistake so many people and we'll get into the
Speaker 2: numbers in a minute, but the mistakes so many people
Speaker 2: make when they walk into the dealership is they go
Speaker 2: in with the kind of car that they want, and
Speaker 2: all they want they want the dealer to tell them
Speaker 2: they can have it. And the dealer is more than
Speaker 2: happy to pull strings behind the scenes, getting you all
Speaker 2: kinds of financing from their lender partners to make that happen.
Speaker 2: Because of course, dealers get a kickback from the lenders
Speaker 2: in their network in the financing office for selling you
Speaker 2: the biggest loan possible. They get a percentage of that,
Speaker 2: so of course they're going to want to get you approved.
Speaker 2: But let's let's talk a little bit about like the
Speaker 2: crisis itself, which I'm going to call it a crisis.
Speaker 2: Maybe you know, economists don't agree with me, but I
Speaker 2: these numbers are really outstanding to me. So let's start
Speaker 2: with the big picture. Right now, Americans have over one
Speaker 2: point one four trillion dollars worth of auto loan debt
Speaker 2: let that sink in. That's up twenty three percent than
Speaker 2: twenty three the year twenty thirteen. Right now, auto loans
Speaker 2: count for about eight percent of outstanding consumer debt. Generation
Speaker 2: x if we can get down to like age level
Speaker 2: gen xers. I'm talking to you, not utif, because your exception.
Speaker 2: Gen Xers out of any generation, carry the highest auto
Speaker 2: loan balances with the mean of eighteen thousand, seven hundred dollars.
Speaker 2: But the average list let's focus on this for a second.
Speaker 2: The average amount that people are borrowing for a new
Speaker 2: car in the US is nearly thirty thousand dollars, which
Speaker 2: is five thousand dollars more than we were borrowing as
Speaker 2: a country for new cars just a decade ago.
Speaker 1: That I mean, that's crazy for a car, and not
Speaker 1: student loans, not a home, but a car, a car.
Speaker 2: For used cars slightly better, but still nearly twenty thousand dollars.
Speaker 2: That was the average new car loan at the end
Speaker 2: of twenty eighteen. And what's like another shocking statistics from
Speaker 2: this finding is that people with good credit actually take
Speaker 2: out higher auto loans, like they're more likely to take
Speaker 2: out the big auto loans. So I mentioned, the average
Speaker 2: new car loan, according to our analysis is about thirty
Speaker 2: one thirty thirty thousand, and thirty one thousand dollars. If
Speaker 2: you have a good credit score excellent credit score, you're
Speaker 2: taking out nearly thirty three thousand dollars for a new
Speaker 2: car and nearly twenty two thousand dollars for a used car.
Speaker 1: Because you don't feel it, You're like, who, I've got
Speaker 1: good credit, my interest rate is lower, so your payment
Speaker 1: might be the same as someone who borrowed less, you know,
Speaker 1: but so you're just like, either way, we're both paying
Speaker 1: five hundred. But it psygnosis. At the end of the day,
Speaker 1: you're going to end up paying more.
Speaker 2: Yeah, And when you when you compare like the rates
Speaker 2: on auto loans to like, say a credit card, it
Speaker 2: does look like a better deal. Okay, so, yeah, I've
Speaker 2: got thirty thirty thousand dollars on an auto loan, but
Speaker 2: my interest rate's only five percent for example, or the
Speaker 2: average rate in America right now is seven percent. Yeah,
Speaker 2: that sounds a lot better than you know, a credit card,
Speaker 2: which the average rate is about fifteen or sixteen percent.
Speaker 2: Now that's true. However, the problem is that the length
Speaker 2: of terms that people are getting, so the amount of
Speaker 2: time they sign up to pay back their auto loans
Speaker 2: is only getting longer. So even just in the last
Speaker 2: quarter of twenty eighteen, the length of auto loan term
Speaker 2: increased by half a month. So right now people are
Speaker 2: taking out loans for an average sixty eight and a
Speaker 2: half months, which is what is that over six years
Speaker 2: or nearly six years. And what happens is, Yeah, that
Speaker 2: seven percent APR doesn't seem that bad, but you add
Speaker 2: that up over a six year period, and you're adding
Speaker 2: thousands and thousands of dollars to the original cost of
Speaker 2: your car, which is a depreciating asset in the first place,
Speaker 2: so the value is going down but your loan bill
Speaker 2: is going up because of this interest that's accruing. And
Speaker 2: for me, I just don't see the and I'm judging.
Speaker 2: Wedgie was a bear. I know I sound very like
Speaker 2: judging and creachy, but I you know, even if you
Speaker 2: have to, like you have to look at a car note,
Speaker 2: for me, it was always an extra expense that I
Speaker 2: that in my mind, was taking away from something else
Speaker 2: that I could do with that, you know, three hundred
Speaker 2: four hundred dollars a month. And when my husband and
Speaker 2: I we live in New York City, we didn't necessarily
Speaker 2: need a car for a long time, but finally we
Speaker 2: needed one when we were moving out of the city.
Speaker 2: And when we were looking at cars, we would fight
Speaker 2: about this, you know, what kind of car to gain,
Speaker 2: how much to borrow? And for me, it was about
Speaker 2: getting a reliable car. Of course, you want a reliable car,
Speaker 2: but I was at a minimum wanting like a pre sorry, certified,
Speaker 2: pre owned car. So at least you're walking with with
Speaker 2: a car that's already had its depreciation. You know, it's
Speaker 2: been driven off the lot, someone else paid for it,
Speaker 2: and now you're getting at a lower price, but it's
Speaker 2: still you know, reliable because it's not that old. And
Speaker 2: then I wanted to aggressively paid off as quickly as
Speaker 2: I could because I just didn't want this to be
Speaker 2: a line item on my budget that was taking away
Speaker 2: from other goals that I had. So I'm speaking from experience,
Speaker 2: and I just want wanted to open up the conversation
Speaker 2: just to talk about it and also challenge our listeners
Speaker 2: to look at how much they're spending on their car,
Speaker 2: like go to and I'll share a link to this
Speaker 2: interest loan calculator in the show notes, so you can
Speaker 2: actually punch in how much your auto loan note is
Speaker 2: how many months you have left and your interest rate,
Speaker 2: and see in black and white how much money you're
Speaker 2: going to spend in interest over the years. And you
Speaker 2: might think differently about that car itself. And made me
Speaker 2: think about taking to the extreme. Like with Superman, he
Speaker 2: surrendered his car, you said, or he sold it? What
Speaker 2: did he do with his car?
Speaker 1: He well, he's so well basically he they bought it back,
Speaker 1: you know, and he still owed a little bit on it,
Speaker 1: you know, so because you know, because the appreciation, So
Speaker 1: I can't remember. Let's just say the car was like
Speaker 1: forty thousand dollars and they bought it back for like
Speaker 1: thirty thousand or thirty five thousand or whatever, and he
Speaker 1: had already made whatever amount of payments, so there might
Speaker 1: have been I think there was probably like a four
Speaker 1: thousand dollar difference or a three or four thousand dollars difference,
Speaker 1: and so he he actually took out like a low
Speaker 1: or no interest loan from his credit union and you know,
Speaker 1: and then paid that, paid the dealership, and then paid
Speaker 1: his credit union back. I think it took about six
Speaker 1: months to pay the credit union back, and then we
Speaker 1: had no car, but we also had no car debt.
Speaker 1: So that's a.
Speaker 2: Good point is when you yeah, because it's the asset itself,
Speaker 2: the car is just decreasing in value while you and
Speaker 2: especially if you put down a load down payment, and
Speaker 2: people who have good credit, excellent credit, you can qualify
Speaker 2: for those zero percent you know, down no down payment
Speaker 2: car loans that it actually exists and are out there
Speaker 2: if you have excellent credit. But that means you're just
Speaker 2: taking on more loan debt, and that means that if
Speaker 2: you get in a situation where you want to sell
Speaker 2: that car or you can't afford the payments, anymore and
Speaker 2: you try and sell it or surrender it, you know,
Speaker 2: to the lender, then you may be underwater, which means
Speaker 2: that you go like your loan is worth more than
Speaker 2: the car actually is anymore. So that's what happens when
Speaker 2: you don't put down a sufficient down payment on a car,
Speaker 2: which is I think recommended to it. Well, the classic
Speaker 2: twenty percent rule. Put down a healthy down payment to
Speaker 2: at least cover whatever that first year's depreciation is to
Speaker 2: put you in a position where you're not like underwater.
Speaker 1: And so you know, you like, you know, obviously he
Speaker 1: you know, he lives and he learns, but I'm not
Speaker 1: gonna lie. It took a long time for him to
Speaker 1: get it because like he wanted his truck back. So
Speaker 1: that because you know, my husban and it's tall, so
Speaker 1: you know, you know husby, your husband is tall. You know,
Speaker 1: they love that idea of a truck. Don't think testlla.
Speaker 2: If I hear the word tesla one more time and
Speaker 2: he will not to this day, Tesla, he points it
Speaker 2: out in the street. I'm like, we are not getting
Speaker 2: a forty five sixty thousand dollars whatever it is like car.
Speaker 2: We have no car debt I'm like, that's a good
Speaker 2: place to be. Look at this thing in my driveway.
Speaker 2: It's an asset to me. I sell it, I own
Speaker 2: the title, I get the cash. You know, that's to
Speaker 2: me an asset, and I look at that as an extra,
Speaker 2: you know, five hundred dollars we can be putting toward
Speaker 2: our savings or vacation the house. You know, people want
Speaker 2: to say, how did you get a house? Yes, there's
Speaker 2: other you know, I've obviously been saving for a long time.
Speaker 2: But I think being so hell bent on not accruing
Speaker 2: a lot of unnecessary debt also helped.
Speaker 1: Yeah, I think that that's the thing that worries me
Speaker 1: about folks the most. You know, what we do with
Speaker 1: financial education is that I don't think that there's enough
Speaker 1: hesitancy on creating new debt, Isn't it doesn't it seem
Speaker 1: strange right that people people like will literally have And
Speaker 1: I'm not judging, I mean, because I've been here. You know,
Speaker 1: you'll sign up for a couch bill, a TV bill,
Speaker 1: a blender bill, and so that's anytime you swipe your
Speaker 1: card for like, oh I'm gonna buy this, I'm gonna
Speaker 1: buy that, and without the intention of paying it off
Speaker 1: in full. When the bill comes you have like you
Speaker 1: have a now you have a dress bill and a
Speaker 1: comforter bill, and and so accruing all of this debt.
Speaker 1: And I mean it was one of the things like
Speaker 1: when I don't you know, I don't. I guess it's because,
Speaker 1: like you know, just from my dad and growing up
Speaker 1: and just being like really preached to about the dangers
Speaker 1: of debt. That one of the things I did when
Speaker 1: I moved out was really to be mindful of is
Speaker 1: this going to add an additional debt to my monthly
Speaker 1: you know, my monthly payments, and just being like, well,
Speaker 1: how can I how can I get the thing? So
Speaker 1: I always think this, how can I get the thing
Speaker 1: without the monthly payment? You know? Does that mean waiting?
Speaker 1: Does that mean saving? I mean the car that I
Speaker 1: have now, you know, like it's much nicer. But every
Speaker 1: car I've ever I've never had a car. Note first
Speaker 1: car I think I bought for like under five thousand dollars.
Speaker 1: Moved home right after college. I saved, save, save, and
Speaker 1: I bought that car from like a used car lot
Speaker 1: or the auction and it was a you know, good condition.
Speaker 1: It was maybe like three or four years old. It
Speaker 1: was a ninety nine Nissan Ultima, and I rolled that car.
Speaker 1: It had two hundred and sixteen thousand miles on it,
Speaker 1: damn and then and it was still going strong because
Speaker 1: you know, also last forever. And then someone actually I
Speaker 1: had that car parked outside of my parents' house, and
Speaker 1: someone crashed into it and destroyed it. And then the
Speaker 1: insurance company, Shocker, which I was actually shocked, that gave
Speaker 1: me four thousand dollars for it because it was And
Speaker 1: so with that four thousand, you know what I did,
Speaker 1: I went back to the I went to my mechanic
Speaker 1: had a used car. He had at the time a
Speaker 1: ninety nine camera, which by then there was like a
Speaker 1: ten year old car, and so cause it was like
Speaker 1: two thousand and nine by then, so I bought the
Speaker 1: Camri and I rolled that camera up until two years ago,
Speaker 1: and that camera had almost two hundred thousand miles on it.
Speaker 1: And then I had saved enough because I knew the
Speaker 1: CA memory was like the camera didn't last as long
Speaker 1: as the Ultimo, and I knew it was like on
Speaker 1: this last leg. So I had been saving, saving savings,
Speaker 1: and now now I've got a I don't know like
Speaker 1: a twenty seventeen a Lincoln MKZ, And so when I
Speaker 1: bought the Lincoln, it was like a year and a
Speaker 1: half old to two years old, so that was significantly more.
Speaker 1: The first car was five thousand, and second cars four.
Speaker 1: The Lincoln. I think they wanted like twenty six or
Speaker 1: twenty seven thousand, but I had cash, so I paid
Speaker 1: twenty two thousand. But it was, like you said, Mandy,
Speaker 1: to your point, it was certified pre owned. And thank god,
Speaker 1: because there were some issues with the Lincoln that like
Speaker 1: you know, I guess came before I knew and so,
Speaker 1: but and I've gotten that car fixed a couple of times.
Speaker 1: They finally they actually had to like almost like rebuild
Speaker 1: my engine because something happened to it. And I was like,
Speaker 1: that's not my problem. I bought a certified pri O
Speaker 1: onn y'all should have checked it. So they basically gave
Speaker 1: me a brand new engine and it cost me nothing
Speaker 1: because it was certified pre owned. And so, like you know,
Speaker 1: for the first time and like a long time, I
Speaker 1: have like a decent looking car, because the other cars
Speaker 1: were not cute. But I have a decent look at car.
Speaker 1: But I also don't have a car note in the
Speaker 1: same way we bought our houses. I know everyone can't
Speaker 1: buy a house in a car in cash, but you know,
Speaker 1: one of the things I think about when it comes
Speaker 1: to money is is this going to add an additional
Speaker 1: payment to my life? And can it be avoided? Can
Speaker 1: it be avoided through patients? Can it be avoided through savings?
Speaker 1: Can it be avoided through strategic like, you know, strategically
Speaker 1: managing my money? And sometimes it can't be Like I
Speaker 1: went to school and I had my my you know,
Speaker 1: suit of loans, I couldn't avoid it. But there are
Speaker 1: areas in your life that you can avoid adding another
Speaker 1: payment to your list because it eats away at your
Speaker 1: day to day And like, I don't know, I don't
Speaker 1: you know, like I'm despite like Superman and I being
Speaker 1: like grown I think I want to say Mandy that
Speaker 1: our collective bills for every this doesn't include like what
Speaker 1: we do to help family members. Last time I checked people,
Speaker 1: it's like twenty five hundred dollars is how much our
Speaker 1: life costs us with groceries, with bills, with everything for
Speaker 1: two adults in a Supergirl twenty five hundred dollars And
Speaker 1: that's it. Because I'm mindful of like collecting bills and
Speaker 1: so I encourage that of you. Yes, as the budget's
Speaker 1: got make way more money, But I was doing that
Speaker 1: when I was a preschool teacher making next to nothing.
Speaker 1: So it's possible at different levels of life. But you
Speaker 1: have to be mindful and you have to be willing
Speaker 1: not to have you know, what everyone else seems to
Speaker 1: have upfront and being okay with that. Like I had
Speaker 1: to learn not to put so much stock in like
Speaker 1: not to put so much stock and stuff, you know.
Speaker 2: Yeah, I mean my husband comes from like a Dominican family,
Speaker 2: and the car, the car culture is it's a status symbol.
Speaker 2: When we got our little pre owned certified pre owned
Speaker 2: you know, mas to c X five a few years ago,
Speaker 2: a couple of years ago, his mother wanted him to
Speaker 2: like take her to Bingo, drive her around the neighborhood
Speaker 2: so she can so they can see how, you know,
Speaker 2: how successful her son is in the car. And uh,
Speaker 2: you know, that's just like a toxic it's a it's
Speaker 2: that pressure to get what you can't afford, you know,
Speaker 2: But come on, we're all grown ups or anyway, and
Speaker 2: you should be able to resist the temptation and just
Speaker 2: think about don't think about what you can't have, think
Speaker 2: about what you can can do, can save if you
Speaker 2: were you know, less, I don't know, just more willing
Speaker 2: to buy a car that's not as expensive, or maybe
Speaker 2: even a car that you can pay you know, fifty
Speaker 2: percent down and then have a lower car. Note, people
Speaker 2: need cars, like I'm not I'm not an idiot. You know,
Speaker 2: my mom raised four kids. She needed a car to
Speaker 2: get around, but she drove that beat up Windstar BENI
Speaker 2: Van for like a long ass time, you know. And
Speaker 2: I understand that people need cars, but you don't need
Speaker 2: to take out thirty thousand dollars worth of debt to
Speaker 2: get one. And let's switch for a second, because people
Speaker 2: are borrowing money for cars at an increasing rate, but
Speaker 2: they're also getting financing from the dealer at an alarming
Speaker 2: rate too, which is like, ah, I wish I could
Speaker 2: just stand outside of every car dealership and just say
Speaker 2: no or just like come here, don't come until you
Speaker 2: got your own financing. But here are some numbers. So
Speaker 2: for new cars, nearly or over fifty percent of people
Speaker 2: buying new cars or getting their financing at the dealership,
Speaker 2: and this is the new car financing again, is that's
Speaker 2: thirty one thousand dollars for a new car you're financing
Speaker 2: at the dealer. For used cars, most people are actually
Speaker 2: getting their financing from a bank, which is good. I
Speaker 2: wonder if that's because people who buy used cars are
Speaker 2: already thinking of how to save money and are more
Speaker 2: likely to go to the bank to do so. Yeah,
Speaker 2: So let's talk about like what happens when you go
Speaker 2: to the dealership. If you have not already shopped around
Speaker 2: and gotten financing offers from whatever bank you have your
Speaker 2: local credit union near you, and you're walking into that dealership,
Speaker 2: it's going to be difficult for you to walk out
Speaker 2: without getting the financing because you're going to fall in
Speaker 2: love with that car. They're going to try and sell
Speaker 2: you on all these you know, bells and whistles. Maybe
Speaker 2: they'll say no down payment. Maybe they'll say, oh, we'll
Speaker 2: throw in extended warranty or whatever or maintenance for a year,
Speaker 2: and then they're going to get you a dealership or sorry,
Speaker 2: I find deal with one of their lender partners. It's
Speaker 2: almost always going to be worse than what you could
Speaker 2: have gotten through a credit union or even just any
Speaker 2: bank outside of the dealership, So before you go, before
Speaker 2: you go shop and compare financing deals, I will shout
Speaker 2: out lending Tree where you can shop and compare auto loans.
Speaker 2: Also you can do it at Magnify Money, or you
Speaker 2: can just do it your darn self by like going online.
Speaker 2: My husband and I just did went to lightstream dot com,
Speaker 2: which is a great you know, online only lender that
Speaker 2: offers good rates if you got good credit. We went
Speaker 2: in with that light Stream financing offer. I also went
Speaker 2: to a credit Union USAA got a financing offer from
Speaker 2: then to compared them, light Streams was better, and we
Speaker 2: took our pretty butts down to the used car lot.
Speaker 2: And this is the thing, like, when the dealer saw
Speaker 2: that we had our own financing, they spent like maybe
Speaker 2: twenty minutes in the office trying to get their lender,
Speaker 2: who happened I think to be capital one to match
Speaker 2: our rate. I think it was something crazy low. This
Speaker 2: was a few years ago when rates were a little
Speaker 2: bit lower. I think it was like three percent or
Speaker 2: something around there, and they managed to get it like
Speaker 2: a teeny tiny bit less than what our lender had.
Speaker 2: But I don't think they would have done that. They
Speaker 2: definitely wouldn't have had an incentive to How do we
Speaker 2: not shown up with our financing? So bring your own financing,
Speaker 2: even if you can't pay it off.
Speaker 1: You know, Yes, I'm telling you like credit unions are
Speaker 1: bay too.
Speaker 2: Oh more than they like. I was a little sad
Speaker 2: to see. So we're talking about new cars. Only where
Speaker 2: is this only fourteen percent of people are going to
Speaker 2: credit unions? Why love your credit union. They're there for
Speaker 2: you, you know, they're there for used cars. It was a
Speaker 2: little bit higher again, about fifteen percent, or sorry, even higher,
Speaker 2: about thirty percent of people buying used cars or going
Speaker 2: to their credit union. So people buying used cars clearly
Speaker 2: have done their research, are buying used cars because they
Speaker 2: probably know it's not worth it to buy new, and
Speaker 2: also to bring their own financing to the table. Only
Speaker 2: what is this? Only about nine percent of people are
Speaker 2: getting dealer financing when they're buying used cars. So snaps for.
Speaker 1: Y'all, Yes, come prepare, do your research. I remember, honestly
Speaker 1: so my sister Tracy, she was needing a car because
Speaker 1: her job was far from where she lived, and she's like,
Speaker 1: I really can't get like a putt putt. And I
Speaker 1: remember telling her like okay, and I think, you know,
Speaker 1: I did convince her to get something that was just
Speaker 1: like a year a year or so old, not so
Speaker 1: not brand new, but definitely not you know, not old.
Speaker 1: And then I remember telling her because she was like,
Speaker 1: I told her, bringing your own financing and I send
Speaker 1: her to you know, lending Tree, and she was like
Speaker 1: it was just such a great tool to find different
Speaker 1: places where she could qualify based upon her credit score.
Speaker 1: I had given her a bunch of questions ask based
Speaker 1: upon her credit score to really find the best lender
Speaker 1: for her, and she felt really confident going in like Okay,
Speaker 1: this is the best rate that I'm gonna get. I
Speaker 1: know exactly how much I'm gonna borrow, and it just
Speaker 1: made her feel more confident. I mean, it wasn't ideal.
Speaker 1: She would have loved to you know, buy a car
Speaker 1: and cash, which she was like, I can't get a
Speaker 1: five six year old car. I'm driving too many miles
Speaker 1: a day. The car needs to be in like really
Speaker 1: tip top, great condition. And so I was proud of her.
Speaker 2: Yeah, I think with our car we got, I think
Speaker 2: our car was like eighteen thousand dollars and we paid
Speaker 2: half down and then the next year. We aggressively paid
Speaker 2: it off until it was gone. And you know, if
Speaker 2: I had used the our with our rate being so low,
Speaker 2: we could have waited longer. Because you know, if you
Speaker 2: have higher interest debt compared to your auto loan, it
Speaker 2: may make sense, does It does make sense to focus
Speaker 2: on aggressively paying down that debt first. So if you
Speaker 2: got your auto loan and you've got credit cards that
Speaker 2: are like fifteen percent but your auto loan is six percent, yeah,
Speaker 2: it makes sense to throw what you can at your
Speaker 2: credit card debt first. But don't sleep on the auto
Speaker 2: alone either.
Speaker 1: That's a think and.
Speaker 2: It will creep up on you. And there's things you
Speaker 2: can do. So let's say, you know, when you got
Speaker 2: your auto loan a few years ago, your credit score
Speaker 2: was not so great, and now it's improved. You can
Speaker 2: look at refinancing, applying for a new loan, using it
Speaker 2: to pay off your own loan, but at a better rate.
Speaker 2: You can even refinance it to a shorter term if
Speaker 2: you can afford the higher payments, and that way you're
Speaker 2: not paying so much over the life of the loan,
Speaker 2: or just you know, make it one of your challenges
Speaker 2: to aggressively pay off your auto loan debt in twenty
Speaker 2: nineteen or in the next couple of years. If you
Speaker 2: have friends who are just drowning an auto loan debt,
Speaker 2: you know, talk to them too and see if there's
Speaker 2: anything they can do, maybe refinance or trade it in.
Speaker 2: Be careful about trading in. Sometimes it's you don't usually
Speaker 2: get the best value for the car that you're trading in.
Speaker 1: But yeah, if you.
Speaker 2: Are, especially if you're underwater on your auto loans, sometimes
Speaker 2: you just have to bite the bullet go. Superman did
Speaker 2: pay the difference. That's very smart what he did, like
Speaker 2: taking out the it's like he was dating the budgetiese
Speaker 2: there or something.
Speaker 1: He was under extreme durnt taking out that personal loan. Yeah,
Speaker 1: I mean it wasn't he wasn't happy about it, but
Speaker 1: now he totally gets it. It's hard when.
Speaker 2: He's sitting in that man KF you'll be happy what
Speaker 2: it was.
Speaker 1: I'm telling you, honestly, it wasn't until like I would
Speaker 1: always be frad when I went away on a business
Speaker 1: trip that I was going to come back to another
Speaker 1: truck in the driveway. And it wasn't until that, like
Speaker 1: we really started looking for a house that he finally
Speaker 1: made the connection of us being able to afford a
Speaker 1: house that want and how not having this car note
Speaker 1: made that possible. Then he stopped because literally, I mean
Speaker 1: I would like, you know how like you know, you
Speaker 1: might look at your man's like phone and you're like, oh,
Speaker 1: you already know, like the search history might be porn.
Speaker 1: His search history was truck's, truck's, trucks, truckt truck. I mean,
Speaker 1: it was crazy. I'm like, you're obsessed. He's like, no,
Speaker 1: I just I just feel like I just and I
Speaker 1: would literally be like, he's gonna he's gonna buy a truck.
Speaker 1: I can't do anything about it. He's gonna randomly buy
Speaker 1: a truck and put its back, you know, in the
Speaker 1: dark ages where we were just left from. And like
Speaker 1: I said, it wasn't until he started going house shopping
Speaker 1: that he was like, ah, got it because at the
Speaker 1: time we thought we're gonna get a mortgage. And you know,
Speaker 1: if he would have had a car note, we would
Speaker 1: have been approved for way less and it just it
Speaker 1: opened up his to like, got it. It's not deprivation
Speaker 1: of you're not getting a truck, it's you open yourself
Speaker 1: up to opportunities to be able to get things that
Speaker 1: you that mean even more to you than that car.
Speaker 1: And so now actually just like now, I was like, okay, babe,
Speaker 1: you know, we bought two properties. You know, everybody in
Speaker 1: our family is good, like you know, you should, you know,
Speaker 1: go ahead and get whatever you know, truck or car
Speaker 1: you want. And you know, we like went through our
Speaker 1: budget and like how much the payment should be. And honestly,
Speaker 1: it's like pulling teeth. He's like, nah's let's get one
Speaker 1: more place. Let's get one more And I'm like, cause,
Speaker 1: I mean he he my my husband is driving because
Speaker 1: I was going to give away my my my camera,
Speaker 1: you know that that four thousand dollars camera that I bought. No,
Speaker 1: he like he likes fixing things up, and so he
Speaker 1: fixed it up and that's what he's driving. I'm like, babe,
Speaker 1: you can, you can, you know, go ahead, we have
Speaker 1: you know, we're okay. Now we've we've reached our goals.
Speaker 1: You don't have to drive this car. And he's like, honestly,
Speaker 1: I really want for us to get a small apartment building,
Speaker 1: like anywhere from four to eight units. I want to
Speaker 1: focus on that. And I'm like, ah, who are you?
Speaker 1: Because that was not the man that I met who
Speaker 1: was going to get a truck every other week. And
Speaker 1: so I love that that, you know that, you know,
Speaker 1: it's it's when you focus on goals about what you
Speaker 1: want to achieve versus just like kind of like the
Speaker 1: stuff that you want to have, the conversation shifts, you know.
Speaker 2: Yep, Well that's it for your auto loan lecture from me.
Speaker 2: Hopefully that wasn't too too painful. Well, I you know,
Speaker 2: I think it's something worth talking about. Maybe it's not
Speaker 2: gonna it's not going to crush the economy the same
Speaker 2: way the housing crisis did, but I think it's slowly
Speaker 2: it's just slowly chipping away at people's potential, you know,
Speaker 2: for what they can accomplish and save and put away.
Speaker 2: And when you save, you are free. You know, you're
Speaker 2: free to make decisions. You're free to make better choices
Speaker 2: for yourself because you don't have that. You don't have
Speaker 2: to turn to debt and you don't have to, you know,
Speaker 2: stay the job you hate if you have savings saved up.
Speaker 2: So take a look at your car stavement. I'll put
Speaker 2: a link to a calculator. Everyone can use to to
Speaker 2: kind of calculate how much they're paying on their auto loan.
Speaker 2: And you know, feel free to sendence your question if
Speaker 2: you have questions about anything we talked about on the show.
Speaker 2: Maybe we should talk about credit card debt later or next,
Speaker 2: because let me tell you, credit card debt is also
Speaker 2: on the rise in a major way. In a major,
Speaker 2: major way. People are feeling very confident in themselves in
Speaker 2: twenty nineteen.
Speaker 1: Cool. So, now that we flooded you with all of
Speaker 1: our dope car car note chat, let's take some of
Speaker 1: your questions. Let's maybe just a couple, because I know
Speaker 1: we did a lot of financial like.
Speaker 2: Coaching. Yes we won't say nagging or lecturing a couple
Speaker 2: of Oh we have some, we have some, you know,
Speaker 2: good little questions. So again, you guys can send us
Speaker 2: your questions. Hit us up at Brownhambition podcast dot com okay,
Speaker 2: or go to them.
Speaker 1: I'm sorry, my reflext is aren't where they used to.
Speaker 2: Be, Okay, and hit ask us anything or shoot us
Speaker 2: an email directly at broad Ambition Podcasts at gmail dot.
Speaker 1: Com dot com.
Speaker 2: Here are a couple of questions. So here's an easy
Speaker 2: one from listener Marlee. She wants to know. How do
Speaker 2: you transfer money from one bank like Bank of America
Speaker 2: to an online bank account without paying a fee? O?
Speaker 1: Good one. Mark's for Marlee dope name lucky, So I know,
Speaker 1: so I have, Well, I'm not going to tell you
Speaker 1: the bank that I have, the brick and mortar bank.
Speaker 1: They're the worst. Sorry, So I'll have a bank, let's
Speaker 1: call it Mark. But the Mark Bank. Mark Bank charges
Speaker 1: to transfer out right, because you know, Mark Bank is
Speaker 1: the worst, that's what the worst does. But I also
Speaker 1: have Ally, who I love. Hey. Alli. Ally does not
Speaker 1: charge to retrieve or send money. So instead, what you
Speaker 1: could just do is go to the bank that doesn't charge,
Speaker 1: like typically the online only bank doesn't charge. But you
Speaker 1: definitely want to check. So whenever I'm trying to transfer money,
Speaker 1: I actually go to Ally does the transfering for me.
Speaker 1: So Ally will will go to Mark Bank and take money,
Speaker 1: or Ally will transfer money into Mark Bank, and then
Speaker 1: Mark Bank doesn't have to have a say because the
Speaker 1: Ally Bank doing the work and they don't charge for
Speaker 1: that work.
Speaker 2: Also, have you ever used zel I do?
Speaker 1: I have?
Speaker 2: My husband and I have done this. There's been times
Speaker 2: where I needed to transfer money because we both have
Speaker 2: we have some Chase credit cards that we each have
Speaker 2: a Chase checking account too, not that you need one,
Speaker 2: but we just happen to have one. And the way
Speaker 2: that we transfer money is well. First of all, some
Speaker 2: banks have but bank to bank transfers should be free
Speaker 2: and pretty easy to do through the app. But then
Speaker 2: a lot of these big banks all are in the
Speaker 2: Zell network where which allows you to send money like
Speaker 2: to So let's say Tiffany has Bank ABC and I
Speaker 2: have Bank x Y Z if they're both using Zel,
Speaker 2: I can instantly transfer money to Tiffany through Zel without
Speaker 2: incourring any fees, and Zell is free. The only you know,
Speaker 2: with any of these payment things or even you know
Speaker 2: things like Chase Quick Pay, you just have to read
Speaker 2: very carefully the protection and make sure that you're sending
Speaker 2: the protection terms and make sure that you're sending money
Speaker 2: to someone that you know, because some of these services
Speaker 2: may not cover you in case of fraud if you've
Speaker 2: initiated the transfer yourself. That's what we found in our research.
Speaker 2: So if you're the one sending the money and you're like, oh, yeah,
Speaker 2: I know this is Tiffany's email address, and I've got
Speaker 2: it correct and you send it her a way and
Speaker 2: it ends up not being her, ends up being a
Speaker 2: scammer who you know gave you her email with one
Speaker 2: letter different. Then you may be on the hook or
Speaker 2: never get back those fun so just be careful. There's
Speaker 2: all kinds of different apps theres I can send a
Speaker 2: list of a roundup. There's things like pop Money that
Speaker 2: was around I think it's still around today. There's a
Speaker 2: circle Circle app. There's a zillion different ways. There's good
Speaker 2: old Venmo. So if you're just trying to split the
Speaker 2: bill with a friend and you want to transfer money
Speaker 2: from your bank account to their pocket, you both have
Speaker 2: a Venmo account and then you just send the money
Speaker 2: through your account. It debits your checking account that's linked
Speaker 2: and goes to their bank. And I use Venmo to
Speaker 2: pay to even just give tips when I've gone to
Speaker 2: the hair salon or something and they I don't have
Speaker 2: cash on me, I'll like Venmo tema tip. So it
Speaker 2: makes it super easy.
Speaker 1: Look at that. See yeah, well I always different. Yeah,
Speaker 1: all these different options, So Marley, you should be good
Speaker 1: on good, good on good.
Speaker 2: And here is a question from listener Kendall. Oh she's funny,
Speaker 2: Kendall says, I've never posted a question for a podcast before.
Speaker 2: I honestly can't help but think that I shouldn't send
Speaker 2: you guys a question because you two are amazing brown,
Speaker 2: ambitious women and im and I'm not. I am a
Speaker 2: half Mexican, half Caucasian, twenty six year old, stay at
Speaker 2: home mom. I was adopted by a white couple when
Speaker 2: I was a baby, so I've mainly identified as Caucasian
Speaker 2: my whole life. I get asked, what are you saying.
Speaker 2: I've been told that I look exotic, which just makes
Speaker 2: me feel gross, so I've always checked Caucasian for race.
Speaker 2: I'm embarrassed by that because I feel like I should
Speaker 2: be proud of who I am. My question is actually
Speaker 2: about my finances. Oh, but let's address this first part. Yeah, honey,
Speaker 2: you don't have to like you're not brown enough, because
Speaker 2: you know, society has made it easier for you to
Speaker 2: move through circles by just, you know, checking that Caucasian box.
Speaker 2: But I feel you on that one hundred percent. I
Speaker 2: think you're only twenty six, like, I think it's time
Speaker 2: for you to figure out who you are and if
Speaker 2: learning more about your Mexican roots is important to you.
Speaker 2: There's so much you can do do you? And I
Speaker 2: mentioned the Queer Eye earlier. If anyone's watched this recent season,
Speaker 2: there's actually a really good episode. Oh you should watch this, Kendall.
Speaker 2: Go to the episode with Jess. They give this the
Speaker 2: young girl in Missouri named Jess a makeover. She's an
Speaker 2: African American woman who was adopted by an African American family,
Speaker 2: but always liked things that black people in her life
Speaker 2: told her weren't black enough.
Speaker 1: So she liked.
Speaker 2: Music that they didn't like. You know, she liked rock
Speaker 2: music and that was seen as not black enough. And
Speaker 2: she now and she's also a lesbian and she's gravitated
Speaker 2: towards the circle of friends who are LGBTQA, and that
Speaker 2: really embraced her. But what she's what she felt like
Speaker 2: she lost was her African American roots, and she felt
Speaker 2: like she wasn't allowed to explore her black identity because
Speaker 2: she'd always been told by that by black society or
Speaker 2: like people in her life that she wasn't black enough.
Speaker 2: Now the show, it's really beautiful because there's a moment
Speaker 2: where where one of the one of the makeover people, Caramo,
Speaker 2: takes her to Alvin Eagley Dance Center in her neighborhood,
Speaker 2: in a in a part of town that celebrates black
Speaker 2: culture and just shows her that all she has to
Speaker 2: do is start researching, start you know, investing, not investigating,
Speaker 2: but start exploring things in her in her neighborhood, you know,
Speaker 2: black owned businesses, black owned theater and arts events and
Speaker 2: things like that, to really start tapping into that part
Speaker 2: of her identity. And I'm on a lunch bill right now.
Speaker 2: But you don't have to wait for permission to explore
Speaker 2: your Latina side at all, exactly.
Speaker 1: And it's awesome, honestly, It's just it's an in addition
Speaker 1: to your Caucasian side. So you know, you're it's like
Speaker 1: double trouble, you know. And so you know, it's much
Speaker 1: or as little as you feel comfortable with. At the
Speaker 1: end of the day, it's your life. You get to decide.
Speaker 1: But so I just think that that's an awesome addition.
Speaker 1: And yeah, but what's her question?
Speaker 2: Owned The question is, so she mentioned she's a stay
Speaker 2: at home mom twenty six, she wants to know what
Speaker 2: is the best way to go about saving and being
Speaker 2: financially responsible when planning for baby number two. Number two.
Speaker 2: Damn girl, oh.
Speaker 1: Child, we were just talking about the head of the game.
Speaker 1: But you know what you're gonna be like forty something
Speaker 1: years old with grown kids and poppen Like, well, my
Speaker 1: kids are at the house, I'm about to travel even
Speaker 1: more now.
Speaker 2: So, like you know, I'm a little jealous of that
Speaker 2: topap I am.
Speaker 1: So what could she do to start preparing? Now?
Speaker 2: This is a strategy that I've heard when I've done
Speaker 2: stories on the same topic, and it's to immediately start
Speaker 2: saving half your income and living off the other half
Speaker 2: and whatever you need to do to get to a
Speaker 2: place where you can achieve that balance. That'll help you
Speaker 2: prepare for like the financial impact of having a child.
Speaker 2: And in your case, this will be your second child.
Speaker 2: So try that and see how it works. And you've
Speaker 2: already had the experience, more experience than we have because
Speaker 2: we don't have a well you have a stepdaughter, but anyway,
Speaker 2: don't have first baby yet. But you maybe know what
Speaker 2: your monthly expenses have been to raise your first childs.
Speaker 2: Maybe you could take a look at how much you
Speaker 2: were spending on average and your first child's you know,
Speaker 2: first six to twelve months of life, and then start
Speaker 2: getting used to setting that money aside, so you have
Speaker 2: a bit of a cushion in place already before number
Speaker 2: two comes along.
Speaker 1: Yeah, Honestly, from what I understand for parents with multiples,
Speaker 1: like you can never save enough, and so if you
Speaker 1: can save, you know, as much as you can, like
Speaker 1: Manby said, before your bundle of joy, your second bundle
Speaker 1: of joy gets here, that's just going to help you.
Speaker 1: And Also, two of what I've heard from parents, because
Speaker 1: I'm one of five, is that like there's like, and
Speaker 1: I'm sure you know because you have your first one,
Speaker 1: it's like some magical door opens up and you figure
Speaker 1: it out, you know where, like you're like, oh my gosh,
Speaker 1: money's so tight. How could I say? I've got you know,
Speaker 1: this one? And then two comes and somehow you're managing
Speaker 1: to feed the two. And so you know, lean into
Speaker 1: the fact that you know that parents typically figure out
Speaker 1: a way, and you know you don't have to wait
Speaker 1: for the baby to get here to open up that
Speaker 1: magic and say, Okay, what are some things that we
Speaker 1: really don't necessarily need? Parents sometimes, especially with the first one,
Speaker 1: are typically overspending on things that the kids really don't
Speaker 1: care about as much as you think you know, like
Speaker 1: I remember when my sister. My sister has two little
Speaker 1: ones cut off her cable and at first she was like,
Speaker 1: oh my gosh, you know the kids are going. I'm like,
Speaker 1: first of all, the baby is like one and a
Speaker 1: half and your oldest oldest child is like three. He
Speaker 1: doesn't know what cable is, YouTube what? And like when
Speaker 1: I tell you, those kids are like, there's this little
Speaker 1: channel called Little Baby Bomb, which is a weird name,
Speaker 1: but whatever, but they love that Little Baby Bomb and
Speaker 1: then Netflix. I gave her my Netflix password. Those kids
Speaker 1: don't know nothing about cable. So there's a lot of things.
Speaker 1: Sometimes I feel like that parents kind of like impose
Speaker 1: financially on their kids, like oh, my kid needs this,
Speaker 1: and it's like, yeah, Honestly, here's the thing about kids.
Speaker 1: There's no such thing as normal. Whatever life they're living
Speaker 1: is normal. If everything your house was pink, your kids
Speaker 1: would think pink was the way everybody lived. If you
Speaker 1: only ate broccoli all day, your kids would think everybody
Speaker 1: only eats broccoli. Like, you get to normalize what's normal.
Speaker 1: So you know, if you normalize frugality, your kids won't
Speaker 1: know any different until they get like to middle school
Speaker 1: and the rest of the kids are like, what girl,
Speaker 1: you need to see a five chicken on Fridays. That's
Speaker 1: what I found out that people had fried chicken because
Speaker 1: my mother was like super healthy and I was like, ugh,
Speaker 1: what their skin on chicken? And it's delicious, That's what.
Speaker 1: But I say all that to say is that, like,
Speaker 1: you know, like create an environment where frugal and fun
Speaker 1: is normal and save as much as you can.
Speaker 2: Yeah, and he says hand me downs from baby number one.
Speaker 2: Hope you still got them? Yes, good luck kind of
Speaker 2: and thanks for your question. All right, guys again Brandon
Speaker 2: Mission Podcast at gmail dot com or hit us up
Speaker 2: at Brandimission podcast dot com with your questions.
Speaker 1: Yes, now it's time for our booster break for all
Speaker 1: the family. Will you boost? Will you break? Which one?
Speaker 1: Will it be? Mandy?
Speaker 2: You should write that down for next time. It's gone
Speaker 2: already my own royalty to Disney. But we won't y'all
Speaker 2: won't tell.
Speaker 1: To break.
Speaker 2: I'm gonna do a break, a brown break. I'm having
Speaker 2: a little moment in my millennialness of just being outraged
Speaker 2: by our recycling culture, and I feel like I need
Speaker 2: to talk about it, So of course I try, you know,
Speaker 2: when you have a dog as a good neighbor, you
Speaker 2: pick up when your dog goes number two, and a
Speaker 2: little baggy for dogs number two is a poop bag,
Speaker 2: shall we say. And I knew I was like going
Speaker 2: to be throwing away at least three poop bags a day, Okay,
Speaker 2: I didn't realize it would be like six because Molly,
Speaker 2: I don't know what that girl eats, but she anyway,
Speaker 2: she goes a lot, but these poop bags. So I
Speaker 2: decided I was going to invest in like biodegradable bags
Speaker 2: that aren't that expensive, so I got them on Amazon.
Speaker 2: But that would actually, I don't know, not hurt the environment.
Speaker 2: Just plastic. I don't know. If you read about plastic
Speaker 2: and how bad it is for any winding up in
Speaker 2: oceans and it's getting stuck up turtle's nose and all
Speaker 2: kinds of stuff. Plastic is bad. I thought I was
Speaker 2: doing a good job, but then of course you read
Speaker 2: I start reading on the internets about how first of all,
Speaker 2: some companies if they're selling biodegradable and this goes beyond
Speaker 2: just doggy poop bags, but like biodegradable utensils and plastic
Speaker 2: or not plastic, but biodegradable plates and things like that,
Speaker 2: disposable things, they're not always actually just you know, actually
Speaker 2: composting and landfills and there actually can be hurting landfills
Speaker 2: and being bad for the environment. On top of that,
Speaker 2: I'm reading also research that's shown that like not research
Speaker 2: that's shown, but did you realize in America most of
Speaker 2: our recycling we sell it to China, Like a ton
Speaker 2: of recycling, We just sell it to China or or
Speaker 2: countries overseas. And what's happening is China recently said no, no, no, ma'am,
Speaker 2: we don't have any space for America's trash anymore, so
Speaker 2: we're not buying it anymore. So where is our recycling going?
Speaker 2: You know, when we reparate, when we separate things in
Speaker 2: our day to day lives, is it really going where
Speaker 2: it's meant to be going. Is it actually being recycled
Speaker 2: or is it ending up back in landfills? I want
Speaker 2: to know. And my ten year old self who watched
Speaker 2: that episode of Arthur when Francine's dad took them to
Speaker 2: the you know where he worked as a garbage man
Speaker 2: and showed them making playgrounds out of their trash, Like
Speaker 2: I want to know where these playgrounds are, and I
Speaker 2: want to know that that we're not just contributing to this.
Speaker 2: I don't know. This is like environmental crisis, and that
Speaker 2: is my my break. I have no answers. I only
Speaker 2: have I'm just now getting woke about trash and where
Speaker 2: it actually goes.
Speaker 1: Yeah, it's hard to watch.
Speaker 2: I need to compost. I've heard I need to like
Speaker 2: dig a hole in my backyard and the best way
Speaker 2: to get rid of dog business is by digging digging
Speaker 2: a hole in the backyard. I'm like, my backyard is
Speaker 2: not big enough. That's going to be reeking. So I
Speaker 2: don't know what to do.
Speaker 1: But yeah, honestly, I remember I was part of the
Speaker 1: environmental club when I was like in middle school in
Speaker 1: high school, and I felt so hopeful, and I'm like,
Speaker 1: we're still here.
Speaker 2: Barely. I don't know. I just feel like we're going
Speaker 2: to have a trash reckoning people.
Speaker 1: Yeah, And that's what I mean, that we're still here,
Speaker 1: still dealing with the same things. Yeah, Like I was
Speaker 1: like wow, because you know, I was like, Yay, we're
Speaker 1: doing these things where you know, we're trying really hard,
Speaker 1: We're going to see a difference. And I'm like, oh
Speaker 1: not so much. So I actually I have two booths,
Speaker 1: so one boost is like a little fun one. Well,
Speaker 1: they're both fun one Bet Black Entertainment Television. If you're
Speaker 1: not following them on IG, you should because they're doing
Speaker 1: this fun series called I was a Soul Trained dancer.
Speaker 1: And it's not like you I never thought about it.
Speaker 1: I mean I watched Soul Trained as a kid, I guess,
Speaker 1: I mean I vaguely remember. But it's just this like
Speaker 1: like a series of short documentaries on I guess like
Speaker 1: iconic soul trained dancers, And honestly, it's really nice to
Speaker 1: learn about how do they get on soul Train? What
Speaker 1: are they doing now? And it's nice because you know,
Speaker 1: sometimes BT is not the best programming and so what
Speaker 1: I love is like in the comments, people are reminiscing,
Speaker 1: people are like, oh, I remember that guy. It's just
Speaker 1: so if you need a little boost, a little a
Speaker 1: little brown boost. Actually, you know, head over to BET's
Speaker 1: IG page. It's just b ET and you know, watch
Speaker 1: some of those videos. They've been really nice to watch.
Speaker 1: But my big brown boost goes to Jessica Nabongo. Hey,
Speaker 1: jess her IG is the catch me if you can
Speaker 1: and Jessica is on her way. She just was like
Speaker 1: highlighted by Good Morning America. She is the very first
Speaker 1: black woman to she's gonna be the very first black
Speaker 1: woman to visit every single country. I guess she's right
Speaker 1: on the cusp right now. Yeah, it's't not crazy. Every
Speaker 1: single country. There's a hundred to one hundred and ninety
Speaker 1: five yep. I was about to say one hundred and
Speaker 1: ninety five countries. And I just think that that's really cool.
Speaker 1: I've been following her on I've been following her on
Speaker 1: IG and I honestly her pictures are obviously, you know,
Speaker 1: just gorgeous, and yeah, I'm just it's just really cool
Speaker 1: to see someone who has taken travel kind of like
Speaker 1: to the next level, and that she'll be the first
Speaker 1: black woman to do this.
Speaker 2: You know, I'm so jealous. That's awesome.
Speaker 1: Yeah, that is awesome, right, And I was just like,
Speaker 1: so yeah, that's just like yeah, I was like, look
Speaker 1: at Jessica, catch me if you can. It's the catch me,
Speaker 1: if you can, you catch me? Like you love her
Speaker 1: pictures exactly, Oh my gosh. Else people are so great.
Speaker 1: I'm looking at a comment someone was like, why is
Speaker 1: she the first black woman. Why not just the first woman? Ridiculous.
Speaker 1: Someone was like, what do you mean a white woman
Speaker 1: probably already visit every country. I mean, I mean sometimes
Speaker 1: people are really looking for like, oh my gosh, I'm
Speaker 1: just accurate. I mean like, it's like, girl, because someone
Speaker 1: already did it who was not black.
Speaker 2: They would only be offensive if someone were at the
Speaker 2: headline black woman visits every country.
Speaker 1: Yes, that's why I was gonna say, clearly, I mean,
Speaker 1: that's what it's implying to me. I'm not for sure,
Speaker 1: but it's implying to me that there was a white woman,
Speaker 1: maybe a Spanish woman or somebody else who has already
Speaker 1: done that. So we're, you know, making the emphasis because
Speaker 1: she's the first black woman. I don't know what it
Speaker 1: is about people who are non black, not people everyone,
Speaker 1: but there are certain people who are non black who
Speaker 1: get so offended when you actually say the word black.
Speaker 1: I'm like, why.
Speaker 2: Color And that's fine.
Speaker 1: No, I'm colorblind, except for at night when I'm clutching
Speaker 1: my purse. Girls, sit down, she said, why does she
Speaker 1: have to be the first black woman? Because she's a
Speaker 1: black woman. So yeah, that's my booze for Jessica and
Speaker 1: then also for BT for actually doing right by us,
Speaker 1: you know, like I want to see like black history
Speaker 1: kind of like fun like things like that on your
Speaker 1: ig and on your network. We don't need to watch
Speaker 1: baby Boy one more time, even though I don't even
Speaker 1: watch BET like that because of the programming, but it
Speaker 1: would be nice to see things like that, because I'm
Speaker 1: telling these have been really nice, like fun videos to
Speaker 1: kind of like look back with nostalgia on what was?
Speaker 1: You know?
Speaker 2: Maybe I should follow BET on Instagram. I can't say
Speaker 2: that I do. I did watch Soul Train, though.
Speaker 1: Oh see, why are the dances?
Speaker 2: I'm like, Oh, all of us have like an uncle
Speaker 2: or an aunt removed or something like that. Who was
Speaker 2: on Soul Train?
Speaker 1: I'm like, really, I don't think I did, but that
Speaker 1: would be funny maybe, And I've never asked before.
Speaker 2: Just you never know, you never know.
Speaker 1: All Right, Well, it's been an awesome show, Manager as
Speaker 1: per usual.
Speaker 2: I mean, are you getting ready for your time off?
Speaker 2: What are we gonna do without you?
Speaker 1: You are gonna have some guest hosts who are gonna sleigh, Yes, guys,
Speaker 1: I'm gonna be taking two weeks off just to like
Speaker 1: loose like so I'm trying to not not even trying.
Speaker 1: My teams already let me know they're gonna lock me
Speaker 1: out of everything, which honestly I need. Like I don't
Speaker 1: have any like major plans in place. I'll try to
Speaker 1: at least go somewhere new and different, but maybe some massages,
Speaker 1: a petticure, because my feet are definitely winter feet right now,
Speaker 1: which is not a cute.
Speaker 2: Look winter feet.
Speaker 1: Hashtag. Oh no, yeah, just like it, you know, just
Speaker 1: to relax, and it will be because usually, like even
Speaker 1: if I take like the day off or half a day,
Speaker 1: I'm still thinking about ooh tomorrow, I gotta do X
Speaker 1: y Z, you know, and so this this would be
Speaker 1: nice not to think that.
Speaker 2: Yeah, and you'll come back fresher and better than ever.
Speaker 2: So you guys, don't worry.
Speaker 1: I got y'all.
Speaker 2: I got y'all. We're gonna have to own some incredible
Speaker 2: guest hosts joining us the first couple of episodes of April.
Speaker 2: Let me see I've confirmed them so I can share.
Speaker 2: We're gonna have our favorite, what do we call her,
Speaker 2: a fairy money godmother, Yanette the money Coach, the money
Speaker 2: coach herself, Lynette Califani Cox who I think still has
Speaker 2: one of our most popular episodes ever where we talked
Speaker 2: about negotiating and asking for more at work. So Lynette's
Speaker 2: going to be joining us, and also we'll have for
Speaker 2: the first time Sandy Smith, who's the founder of Yes
Speaker 2: I Am Cheap, which is a personal finance blog. Sandy
Speaker 2: is like the ultimate hustle queen. I feel like, holds
Speaker 2: down a nine to five job but has all these
Speaker 2: side hustles and has been We've been trying to have
Speaker 2: her on the show forever. I feel like, so yeah,
Speaker 2: I'm very I think you guys are gonna love you some, Sandy.
Speaker 2: If you're not always.
Speaker 1: Everyone loves up some sad days.
Speaker 2: She's so awesome, tells it like it is hilarious. Can't
Speaker 2: wait to have her on. So we're in good hands,
Speaker 2: you guys, don't worry, don't go gho sting me Without Tiffany,
Speaker 2: It'll still be a great show while Tip gets so
Speaker 2: much needed rest and relaxation.
Speaker 1: Four