Speaker 1: Hey, hey, hey.
Speaker 2: Hi, I'm fippity hi.
Speaker 3: I'm melting Mandy.
Speaker 2: Melting many in here and this is around. Let's do
Speaker 2: a quick recap last week's show.
Speaker 3: Oh, last week's show was major, huge, one of our
Speaker 3: biggest shows of the year.
Speaker 2: Huge, y'all liked it.
Speaker 3: We had the unbelievable couple Leo and Faith from Hotlanta
Speaker 3: on the show to talk about paying off like over
Speaker 3: one hundred thousand dollars worth of debt. I was really
Speaker 3: happy that people connected with the show as much as
Speaker 3: I wanted them to, because it's not just like the
Speaker 3: fact that they paid off debt. It's just they's such
Speaker 3: a sweet couple with such good intentions, and I just
Speaker 3: loved how they took their debt straight on and got
Speaker 3: a lot of love for that episode on social media
Speaker 3: and everything. So thank you guys, and go check it
Speaker 3: out if you haven't listened to it yet.
Speaker 1: Yeah, they were just so they were super cute. I
Speaker 1: was like, oh, my goodness, you know, a year in,
Speaker 1: I feel like, you know, it's so crazy how so
Speaker 1: many people, you know, stuff is aligned.
Speaker 2: You're like, oh, we're all like one year in. I mean,
Speaker 2: you have a year and some change.
Speaker 1: Man, you know, you ain't new at this, you know,
Speaker 1: you got to beat back a few months.
Speaker 2: But yeah, it was a really great episode.
Speaker 1: And it's nice to hear regular everyday people who have
Speaker 1: imperfect financial lives but somehow they're figuring it out.
Speaker 2: So that's always.
Speaker 3: Nice, right, And they did my favorite thing, you know,
Speaker 3: because so often people will cut expenses and trim trim
Speaker 3: trim to try and pay down debt. But they were like, no,
Speaker 3: we really need to actually bring an extra income and
Speaker 3: make sacrifices to make that happen. So that they were
Speaker 3: both working two jobs and Faith worked overnight. It's like
Speaker 3: five or six days a week. She said, Girl, she
Speaker 3: sounded so tired. I'm glad she's.
Speaker 2: Taking a break this summer.
Speaker 1: I know because my mom is a nurse, and I
Speaker 1: remember those days when like we were going to go
Speaker 1: off to college or whatever, and my mom did like
Speaker 1: double shifts and all that stuff. So I remember when
Speaker 1: she was saying that. I said, oh my good, My
Speaker 1: mother used to be like.
Speaker 2: The things I do for you kids.
Speaker 1: So yeah, it's hard being a nurse, you know, because
Speaker 1: it's just you're on your feet all day long. But
Speaker 1: nurses have an extreme potential to make a lot of
Speaker 1: money because my mother could make really good money and
Speaker 1: she'd made and she did those you know, those extra shifts.
Speaker 3: Well, good for it. And she's young too. It's like
Speaker 3: do it now before. I think they're fortunate and that
Speaker 3: they have the age on their side. They're young and
Speaker 3: they don't have any kids yet. Like a lot of
Speaker 3: the questions we get from listeners often you know, rightfully,
Speaker 3: so they have their struggling and they can't necessarily take
Speaker 3: on an extra job because they have kids or other obligations.
Speaker 3: So I think you have to recognize when you're that
Speaker 3: this is the time to be struggling, like right, because
Speaker 3: I think when you're in your twenties, like you think, okay,
Speaker 3: I should be living my life and spending all my money.
Speaker 3: But it's like do the work now so that you
Speaker 3: can enjoy things or things won't be so hard when
Speaker 3: you have a million other like obligate. That's what I
Speaker 3: think about every day.
Speaker 1: And when I was, you know, coming up, my mom
Speaker 1: would always say that she'd be like, oh, you better
Speaker 1: get that degree now before the kids, and I didn't
Speaker 1: understand what she meant. Whenever I said I wanted to
Speaker 1: try something or do something. She'd be like, do that
Speaker 1: now before kids come. I'm like, but now I understand,
Speaker 1: because you're right. It just makes it ten times harder
Speaker 1: when you have children because there's certain things you can't do.
Speaker 2: You know.
Speaker 1: You can't live just anywhere, you can't eat just anything,
Speaker 1: you know. So yes, thank you faith In Leo. We
Speaker 1: had an awesome time. If you have not listened to
Speaker 1: that episode, what you're waiting on? Get your inspiration on?
Speaker 1: I think it's time to hit the social streets. What
Speaker 1: do you think?
Speaker 3: I was just about to say, it was Father's Day
Speaker 3: this weekend, so for those of you, I always feel
Speaker 3: a little self conscious about post and then we post
Speaker 3: something on Mother's Say, and then we post something on
Speaker 3: Father's Day. And I just wanted to give a shout
Speaker 3: out to anyone whose father who isn't with them or
Speaker 3: wasn't a part of their lives. I always think of
Speaker 3: Father's Day as like, here's a day to celebrate any
Speaker 3: man in your life that you know has supported you
Speaker 3: or done good things for you. So thank you to
Speaker 3: everyone who who commented on our Instagram and Facebook post.
Speaker 3: I just asked the same question we asked the Mother's Day.
Speaker 3: You know, is there a lesson you want to share
Speaker 3: that your dad's taught you and that you carry with
Speaker 3: you today.
Speaker 1: What did you say to well, yes, but honestly, I
Speaker 1: just my dad really just taught me that hard work
Speaker 1: can overcome almost any obstacle. Like he would always think
Speaker 1: because my dad grew up in rural Nigeria, and he
Speaker 1: would always say, you know, I wasn't the smartest. My
Speaker 1: dad's a little on the short side, like five six,
Speaker 1: I wasn't the tallest, you know. He was like, but
Speaker 1: one thing I was was the hardest working. And he
Speaker 1: was like, that's why you know, I was able to
Speaker 1: move and create a life myself for myself, you know,
Speaker 1: your mom and you kids. And so he just taught
Speaker 1: me that, you know, and I carry that with me
Speaker 1: that like I'm not the smartest, I'm not the anything is,
Speaker 1: you know, but I do know that if I can
Speaker 1: put in the work, you know, I can accomplish the
Speaker 1: things that I desire.
Speaker 2: So that was like my major lesson that my dad
Speaker 2: taught me. What about you, Mandra.
Speaker 3: Mine was super close to one of our Facebook followers.
Speaker 3: I'm gonna try and get her name right. Maybe you
Speaker 3: can help me. It might be Nigeria. I'm not sure
Speaker 3: it's is Zuna is zun Wa na Kenny.
Speaker 2: Ah, It's well definitely African.
Speaker 3: Okay, so it's something I hope I did you justice.
Speaker 3: I'm sorry anyway, I wanted to share her comments very
Speaker 3: similar to what I was what mine was like. She said,
Speaker 3: if I listened to my dad from the beginning, I'd
Speaker 3: be way ahead of my financial life. He always told
Speaker 3: us to choose our needs over our wants and not
Speaker 3: be deceived by all the sales and TV ads because
Speaker 3: there will always be sales. I did not listen on time.
Speaker 2: That's okay, Zunoir.
Speaker 1: We're all tricked by the magic of marketing.
Speaker 2: You know.
Speaker 3: I can tell that the person I bought my home from,
Speaker 3: she was a little home shocking at shopping network scenes
Speaker 3: because I am I'm getting these weird catalogs for like
Speaker 3: pressure cookers and like all this made for TV stuff.
Speaker 3: I was like, ooh, Rosemary.
Speaker 2: With Allred Street. Let me write her.
Speaker 1: It's thank you guys for first of all, we're just
Speaker 1: like really happy that you guys have been hitting us
Speaker 1: up on social and so we just like to like
Speaker 1: shout you out. So this is on Insta just so
Speaker 1: you know. Our ig name is Brown Ambition Podcast and
Speaker 1: what's her name? On Facebook just Brown Ambition.
Speaker 3: Brown Ambition and on Twitter at the BA podcast.
Speaker 1: So you can tweet us, you can I G S
Speaker 1: or you can F B S C. See all that,
Speaker 1: and we'll read something every week. So this is from
Speaker 1: L dubs. Let me see L what is your real name?
Speaker 2: Leslie? Okay, Leslie Andy girl? So but it's L underscore
Speaker 2: Dub with the Z.
Speaker 1: She said her father he taught me by word indeed
Speaker 1: that as long as you're still breathing, there's still time
Speaker 1: to get it right. Life will knock you down. Sometimes
Speaker 1: you'll even be the one tripping yourself up, but always
Speaker 1: get back up and never stop trying to get it
Speaker 1: right because the time is going to pass anyway.
Speaker 2: Oh that was awesome, L. The time is right.
Speaker 1: The time is going to pass anyway. All right, it's
Speaker 1: time for buzzworthy? Ugh A, what's this buzzworthy? I'm like,
Speaker 1: do we talk about the bad things or you just
Speaker 1: try to find something good that's happening in the world.
Speaker 3: Okay, what do you have? Good news or bad news?
Speaker 1: I mean, these poor kids, and I mean, honestly, I
Speaker 1: was crying about it today. I'm not gonna lie.
Speaker 2: I was like reading.
Speaker 1: Stories about you know, just separation at the border, and
Speaker 1: I was just like looking at this little boy who
Speaker 1: couldn't have been more than three.
Speaker 2: Three Ugh, I just I couldn't. Like it's like literally
Speaker 2: too much for my heart to take a three year old.
Speaker 2: You know.
Speaker 1: I used to teach preschool and kids would be hysterical
Speaker 1: first day, second day, first week when their parents leave them,
Speaker 1: and because you know, they're like, who's this person?
Speaker 2: Who you know? And but at least you.
Speaker 1: Know, parents knew, like I'm gonna be back. And I
Speaker 1: would tell parents, like the first week, just do half
Speaker 1: a dad, because it's very trup it's traumatizing for kids.
Speaker 1: Or I would tell parents stay with them for a
Speaker 1: little bit because kids don't know that you're coming back.
Speaker 1: But to leave your child and you don't know that
Speaker 1: you're coming back, you don't know that you ever see
Speaker 1: them again, Like that's I'm like, am I crazy? Doesn't
Speaker 1: it seem so crazy that you would literally take a
Speaker 1: child from a parent. How are they going to find
Speaker 1: them again? Like there are some camps where kids are
Speaker 1: not even allowed to hug. Like these siblings were reunited
Speaker 1: a man was was being interviewed on I think it
Speaker 1: was like CNN Today, and he said he just quit
Speaker 1: because he siblings were reunited and the older one, who
Speaker 1: was like ten, was trying to comfort the younger ones
Speaker 1: and they were hugging, and they told them there's no
Speaker 1: hugging allowed here.
Speaker 2: And I just couldn't. I just can't even.
Speaker 1: And then the comments from some of the people in
Speaker 1: the comments section like oh, oh, well.
Speaker 2: You know, like just so heartless to children, to a
Speaker 2: three year old, a three year old.
Speaker 1: You know, I typically don't really believe in like evil evil,
Speaker 1: but I really wonder, like, what is really happening that
Speaker 1: you could see a crying three year old and have
Speaker 1: no compassion.
Speaker 2: Yeah, it's just it's crazy. I don't even.
Speaker 3: I think that reaction is like how everyone's feeling right now.
Speaker 3: Anybody with a heart and a soul has to be
Speaker 3: feeling that way. I mean, you even have like Republicans
Speaker 3: who are like, yo, man, this is too far. What's happening.
Speaker 3: What kills me is that it's being politicized, Like, you know,
Speaker 3: the current administration is sort of lying, actually lying. There's
Speaker 3: several articles where they've actually fact checked what they're saying,
Speaker 3: and they're lying when they say that these were because
Speaker 3: of policies that the Democrats put in place, or that
Speaker 3: this could all be fixed if Democrats, you know, would
Speaker 3: do x ys zee in Congress. Right now, it's it's
Speaker 3: not true, and it's like being it's being used as
Speaker 3: a as leverage for the current administration. And and but
Speaker 3: all you have to do to realize how sick it
Speaker 3: is is just look at the images of these little
Speaker 3: kids being I mean, it's so unnatural to think of
Speaker 3: any little child being ripped away from their family, and
Speaker 3: it's happening. It's it's happening right now. I think the
Speaker 3: only bright spot is that it seems like something this
Speaker 3: weekend lit a fire under the like the butts of
Speaker 3: everybody in this country, and everyone's talking about it. The
Speaker 3: pictures are getting out there. Gail King is down there
Speaker 3: right now, like killing it. And she's in McCallan, Texas.
Speaker 3: I was watching her just suffering in that humidity this
Speaker 3: this morning, covering this story. And it's it's nice to
Speaker 3: see at least that people are refusing to let this
Speaker 3: let this fly. I mean, did you see Sarah Huckabee
Speaker 3: Sanders like that incident in the White House Press briefing
Speaker 3: room or that reporter I think he was from. Yeah,
Speaker 3: and then yeah, it's so hard as a reporter, right
Speaker 3: to like to separate your self. You're supposed to be objective, right,
Speaker 3: But if you're a parent of a child, I understand
Speaker 3: why you can get that emotional he was.
Speaker 1: She was like, oh, you're just trying to get camera time,
Speaker 1: but you could tell that he was just like yo,
Speaker 1: as a parent, I mean, forget all the politics and
Speaker 1: adults and stuff like if someone took your five year old,
Speaker 1: took your five year old, what was like? You know,
Speaker 1: I just can't even. I can't imagine someone taking my
Speaker 1: nephew and being like, yeah, I don't so I don't
Speaker 1: know when if you're ever gonna see him? Oh well,
Speaker 1: I can't even. It's it's literally heartbreaking. I feel like
Speaker 1: it's just yeah, I don't even know what to say,
Speaker 1: because kids are like what what is a three year
Speaker 1: old supposed to think?
Speaker 2: What is it? Even a ten year old supposed to think? Like?
Speaker 2: What am I like?
Speaker 1: They were like kids were begging for their parents and
Speaker 1: crying out and saying, well can you this One little
Speaker 1: girl was like asking the man, you know can you
Speaker 1: call my aunt?
Speaker 2: She can come get me?
Speaker 1: And he was like nope, and just like just and
Speaker 1: then you heard about the man that sexually assaulted one
Speaker 1: of the four year olds that was there and tried
Speaker 1: to bribe mom. Not gonna say anything, I mean, what
Speaker 1: is happening? Like, I mean, we had containment camps for
Speaker 1: Japanese Americans. You know when we were fighting in World
Speaker 1: War two? Was that World two or World War three? No,
Speaker 1: where we're one, I think it's World War.
Speaker 2: Two, And like it's just honestly, it's shameful.
Speaker 3: I think the natural reaction is like, well, what can
Speaker 3: we do about this? I think one one good thing
Speaker 3: to do and it's something that I learned a while
Speaker 3: back is when you hear about these like human rights cases,
Speaker 3: the ACLU, the American Civil Liberties Union, that's the organization
Speaker 3: that I support monthly with donations, and they are going
Speaker 3: to be on the ground fighting for these people. They
Speaker 3: were the same organization like among others that were out
Speaker 3: there when there was the ban on Muslim flyers or sorry,
Speaker 3: people from Muslim countries back when when Trump was first elected.
Speaker 3: Remember that, like the ACLU is out there like try
Speaker 3: and find human rights organizations or legal advocacy groups that
Speaker 3: can help these families, because, honestly, if you're also just
Speaker 3: curious about I mean immigration in the US, like what's
Speaker 3: happening at the border is so complex, and it's true,
Speaker 3: it's not just anything that's been caused by the current administration.
Speaker 3: It's the result of like decades of people just not
Speaker 3: getting it right or trying to get it right, and
Speaker 3: things not working out in terms of immigration. But the
Speaker 3: New York Times podcast The Daily had a really good,
Speaker 3: like twenty five minute episode this morning that just talked
Speaker 3: to one of their reporters about the history of what's
Speaker 3: happening right now and how complex the rules are around
Speaker 3: what happens to immigrants when they come undocumented immigrants when
Speaker 3: they come to the border, and what they have to
Speaker 3: say in order to seek asylum, and how what used
Speaker 3: to be the norm is no longer been the norm
Speaker 3: right now, and people are confused about it, and it's
Speaker 3: just a whole, hot, steaming pile of mess. And I
Speaker 3: hope that I hope that the heat and all the
Speaker 3: attention is going to change things. I guess only time
Speaker 3: will tell. In the meantime, that's how I'm choosing to
Speaker 3: react to respond to it is I'm just gonna donate
Speaker 3: to the a c ou and tweet my heart out
Speaker 3: trying to share these stories.
Speaker 1: Well, it's time to booster breaker, Booster a breaker, Booster
Speaker 1: break what you're gonna do, I'm.
Speaker 3: Gonna boost today. I'm trying to lift us up, lift
Speaker 3: every voice that too. I went with Josh Grobin you
Speaker 3: want Yeah, that's why we're a good team. I saw
Speaker 3: a really cool story about this. I was surprised to
Speaker 3: see it and then but in the New York Times.
Speaker 3: But there is I know we've been talking about these
Speaker 3: these groups where you can if you want to support
Speaker 3: minority owned businesses. There were like these. There's usually like
Speaker 3: some old kind of like registries where people will track
Speaker 3: businesses owned by minorities. But the New York Times that
Speaker 3: are really dope feature on this couple from Brooklyn who
Speaker 3: have a website called Black Owned Brooklyn dot com, which
Speaker 3: doesn't just like it's not just a list of own
Speaker 3: big businesses owned by by black business owners, but it's
Speaker 3: like an Instagram page where they actually do like little
Speaker 3: mini features on the owners themselves and what their businesses.
Speaker 3: And it's really dope. I think it's especially for a
Speaker 3: place like Brooklyn, where it may be surprising to know that, oh, hey,
Speaker 3: there is a black woman who owns a yarn shop
Speaker 3: or an old lady who owns a hardware store or whatever.
Speaker 3: So that was really cool.
Speaker 2: Let me get there.
Speaker 3: Let me make sure I get their names right. We
Speaker 3: should have them on the show.
Speaker 2: Yeah, that would be awesome.
Speaker 3: Yeap oh, Cynthia, Gordie Guiwa and Glenn Allen started this together,
Speaker 3: So good for y'all.
Speaker 2: That's awesome.
Speaker 1: I love I love hearing stuff like that own Brooklyn. Well,
Speaker 1: my boost actually is going to be a former guest
Speaker 1: that we had on the show.
Speaker 2: I just saw her.
Speaker 1: So I went to go get lashes done because my
Speaker 1: makeup artist told me, if I have like two major
Speaker 1: things coming up back to back, it would just be
Speaker 1: easier to have lashes done to fun.
Speaker 3: I do solash.
Speaker 1: No, because I still had lashes from last time. A
Speaker 1: filling is forty dollars, and I said, oh, that's nice
Speaker 1: to know. And so I when I walked in, I
Speaker 1: recognized that familiar face, Lynette how Bonnie Cox.
Speaker 2: She was getting her hair done.
Speaker 3: I can only imagine the squeals yes.
Speaker 1: And I was like Oh my gosh, Linnea is so honestly,
Speaker 1: she is just like goals for sotified, you know. So
Speaker 1: we were just talking too, and so actually today is
Speaker 1: her son's graduation. He's graduating from I don't know if
Speaker 1: he's graduated I think high school. And then her daughter,
Speaker 1: who she insisted that I meet, and she's so adorable
Speaker 1: of course, like just so well mannered, just amazing, and
Speaker 1: her daughter has one where year left. She's graduating a
Speaker 1: semester early from college because why not, You're Lynnette's daughter,
Speaker 1: And then her.
Speaker 2: And then her mom was there.
Speaker 1: It was just honestly, she's just Lynette is just awesome,
Speaker 1: and she just left me with like Lynette always leaves
Speaker 1: me with something to think about of how it could
Speaker 1: be better. Like she wasn't trying to teach a lesson,
Speaker 1: but it had me really thinking. So we were just
Speaker 1: talking about, like, you know, like what I've been up
Speaker 1: to and whatever, and Lynette always always always asked how
Speaker 1: she can help me. Like the first time I've ever
Speaker 1: been on TV, which is like pix eleven News in
Speaker 1: New York, it was her. I met her at a
Speaker 1: conference for Black Enterprise. I squealed when I met her
Speaker 1: and I was like, oh my gosh, my gosh, my gosh,
Speaker 1: I love you.
Speaker 2: You you know, like you're such like, you know, a
Speaker 2: role model.
Speaker 1: And she lives not far from where my parents live,
Speaker 1: like a neighboring town, and she was like I told her,
Speaker 1: She said, are you going back to you know, New
Speaker 1: Jersey because the conference was in New York And I
Speaker 1: said yeah. She said, well I drove. Do you want
Speaker 1: to ride this woman who I didn't know who I
Speaker 1: was idolizing And I was like, oh my god, yes.
Speaker 1: So there was a lot of traffic and she just
Speaker 1: ended up pouring so much into me, just like asking
Speaker 1: me what I was working on and just giving me tips.
Speaker 1: She became my mentor that day. And then she asked
Speaker 1: me in the car, have you ever been on TV?
Speaker 1: And I was like no.
Speaker 2: She's like, do you want to be?
Speaker 1: I was like, uh, yeah, but I don't, you know,
Speaker 1: like yeah. She made a phone call. She was supposed
Speaker 1: to be on pix eleven News to do like five
Speaker 1: tips on whatever, and she said instead of me, I'm
Speaker 1: going to send a replacement basically oh, I mean yeah,
Speaker 1: and so and then from there like it just was
Speaker 1: like on and popping, you know, Drina of course helped
Speaker 1: me get ready, and but Lynette too did so much
Speaker 1: coaching with me.
Speaker 2: She honestly is just amazing.
Speaker 1: But the thing, the reason why I'm giving her the
Speaker 1: boost today is because she said something that that kind
Speaker 1: of like made me reflect and say, you know what, okay,
Speaker 1: I hear you. And she said she was asking me
Speaker 1: about some partnership that I had and asking me how
Speaker 1: it was going, and I said well, and she was
Speaker 1: telling me, you know, you should be pushing them to
Speaker 1: pay you more than what they pay me. And I
Speaker 1: was like what, and she was like, Tiffany, the purpose
Speaker 1: of the people who come before you is to lay
Speaker 1: the foundation so you can have more and better. And
Speaker 1: your purpose is to lay the foundation and to help
Speaker 1: the ones coming behind you so they can do better
Speaker 1: than you. And I just remember thinking that was so
Speaker 1: profound that she was like, cause you know, people don't
Speaker 1: do that in business, like, oh girl, make them pay
Speaker 1: you more because you got this, I don't have the
Speaker 1: audience that you have.
Speaker 2: Make them pay you more. And I was just I
Speaker 2: was just blown away by that.
Speaker 1: And I thought to myself, Lynette is goals in so
Speaker 1: many ways, Like, you know, she's beautiful she's got amazing families,
Speaker 1: she's kind, you know, she's smart, she's but then just
Speaker 1: that component of her always giving Lynette, the fact that
Speaker 1: she gave me her spot on TV, but that comes
Speaker 1: from someone who was so I guess, so well situated
Speaker 1: in knowing what they bring to the table, that they
Speaker 1: know that they're not giving away anything. They're making space
Speaker 1: for you because no one can take anything from Nette.
Speaker 1: She's amazing, And I want to get to that space
Speaker 1: where like not to say I don't give, because I do,
Speaker 1: but I would have never thought about it like that that,
Speaker 1: like you know that push people who are coming up,
Speaker 1: you know, behind me to make more than me. You know,
Speaker 1: that's not a natural inclination for me. And so yeah,
Speaker 1: I just want to give her a boost because you
Speaker 1: don't meet too many people like that. And she's amazing,
Speaker 1: and you know, in this dark and dreary world, there
Speaker 1: is sunshine like Lynette called Donny Cox.
Speaker 2: She's aka the money Coach and she's amazing.
Speaker 3: Love her, y'all should go back. I just want and
Speaker 3: checked to see which episode it was. Go back all
Speaker 3: the way back to January third, twenty eighteen, episode one
Speaker 3: oh nine to hear I think this is one of
Speaker 3: our biggest episodes of the year. Actually when Lynette was
Speaker 3: on and talked about how to rock your salary negotiation
Speaker 3: in twenty eighteen.
Speaker 1: So now that we've done our boosts, which I'm glad
Speaker 1: that we did boost in stead of break because you
Speaker 1: need a little.
Speaker 2: Boost, it's time to boost you boo.
Speaker 1: Do you have a question on you know, financial related
Speaker 1: finance adjacent maybe a career related career adjacent We'd love
Speaker 1: to hear from you. You can always go to our
Speaker 1: website Briannambison dot com. Wait brownimbishon podcast dot com. Yes,
Speaker 1: ma'am Brown Ambition podcast dot com. I said it was
Speaker 1: confidence that a click ask us anything, or you can
Speaker 1: email us at DBA podcast at gmail dot com.
Speaker 3: Clue, nope, cod crash and burn set you up for failure,
Speaker 3: you did.
Speaker 1: I was hoping you were gonna fill it in and
Speaker 1: Mandy was like, h.
Speaker 3: Well, usually I do the intro for the questions, but
Speaker 3: it's cool. You want to take the rains today, so
Speaker 3: see what happens.
Speaker 2: Be trying to drive. I know that's where happy want
Speaker 2: to get lashes.
Speaker 3: I can hear them from here, just like you can
Speaker 3: hit us up at Brandnambition podcasts at gmail dot com.
Speaker 3: Your questions, which I am going to read a couple now.
Speaker 3: Thank you guys for sending in some awesome questions. Here's
Speaker 3: a good one that we have. I don't think we've
Speaker 3: talked much about personal loans before, but here's a good
Speaker 3: one from someone who wishes to remain anonymous. She says,
Speaker 3: what are your thoughts on personal loan companies like Upstart?
Speaker 3: Would it be smart to do a personal loan to
Speaker 3: build credit or to do a credit builder loan like
Speaker 3: from a company like self lender? Thank you, So it
Speaker 3: seems like she's thinking about so. One of the most
Speaker 3: reason common reasons people take out a personal loan is
Speaker 3: to consolidate debt, where you basically take out a personal
Speaker 3: loan from like a bank, a credit union, online lender,
Speaker 3: and you use that loan to pay off you know,
Speaker 3: two or more different types of debt and then you
Speaker 3: left with one new loan. And the good thing about
Speaker 3: personal loans is that they come with a fixed interest
Speaker 3: rate versus a credit card, when your interest rate can
Speaker 3: change all the time. So they have a fixed rate,
Speaker 3: and because you're is fixed, they can tell you exactly
Speaker 3: how much your monthly payments are going to be for
Speaker 3: the term of your loan. So yeah, the three year,
Speaker 3: five year personal loan. They'll tell you here's your monthly payments,
Speaker 3: you know, for the entire time, and you know exactly
Speaker 3: when you're gonna pay it off. But self lender. Have
Speaker 3: we talked about self lender.
Speaker 2: Before we did?
Speaker 3: It's like a credit builder option. So this is a
Speaker 3: little bit different. So maybe she's just looking to do
Speaker 3: you want to talk about how it's different than a
Speaker 3: regular lender.
Speaker 1: Yes, and I self lender might actually lend you money
Speaker 1: to but what the self lender That the part that
Speaker 1: I'm familiar with is with self lender. Literally, the purpose
Speaker 1: of self lender is to just show credit bureaus.
Speaker 2: Hey, I pay back an installment loan.
Speaker 1: So self lender says, hey, I always tell people, if
Speaker 1: you're going to do self lender, take the lowest amount,
Speaker 1: which I think is like five hundred bucks. Hey, you know,
Speaker 1: I'm telling the credit viewers, I'm borrowing five hundred bucks. Hey,
Speaker 1: look at me. You borrow the five hundred But the
Speaker 1: self lender doesn't actually give you the five hundred They
Speaker 1: put it in like a money market account for you,
Speaker 1: like a savings account for you and then you pay
Speaker 1: every month. So I think it's like, I don't know,
Speaker 1: seventeen bucks or whatever five hundred divided by.
Speaker 2: Twelve months is.
Speaker 1: So you pay that every month, and then at the
Speaker 1: end it looks like one you made twelve consistent months
Speaker 1: worth of payment, and then it looks like you also
Speaker 1: paid off an installment loan and so you get your
Speaker 1: boost and then they give you a five hundred dollars
Speaker 1: because you know.
Speaker 2: You're literally paying in and then you get it back.
Speaker 1: So it's like a it's a credit building loan, but
Speaker 1: also like a little mini savings and you know, you
Speaker 1: get like whatever little bit of interests like ten cents,
Speaker 1: you know, the same interest you get from a regular bank.
Speaker 1: And I think the fee is it's fairly low. I'd
Speaker 1: have to look again, but last time I took us
Speaker 1: to the view was nice. It's nine dollars, okay, so
Speaker 1: it's not you know, it's not a crazy fee. And honestly,
Speaker 1: I've got really good feedback. So I've shared it with
Speaker 1: dream catchers before because I did a little research on
Speaker 1: them for a few months to see, you know, like,
Speaker 1: you know, whether it was something that I could share
Speaker 1: and honestly, it's it's been two years or a year
Speaker 1: and a half at least that I've known dreamcatchers been
Speaker 1: using self Lender, and I would say the reviews are
Speaker 1: ninety five percent really good, maybe like one percent where
Speaker 1: it's like I didn't like it. My score dropped, and
Speaker 1: I'm like, well did you pay, ma'am, because you know,
Speaker 1: people be telling you the score drop, they didn't tell
Speaker 1: you they pay. And then maybe like four percent. My
Speaker 1: score didn't really move that much. So I've heard like,
Speaker 1: you know, nothing but kind of like good feedback. So yeah,
Speaker 1: so it depends what you're trying to do. If you're
Speaker 1: trying to pay off debt, then I don't think self
Speaker 1: lender necessarily will let you do that. If you're just
Speaker 1: trying to raise your credit score, then you know, self
Speaker 1: lender is something you could definitely look into.
Speaker 3: Yeah, very interesting. So it's not like anything like a
Speaker 3: traditional personal loan where you can just take it out
Speaker 3: and get the money, you know, in a day or two.
Speaker 3: All right, thank you for the question, Anonymous, whoever you are,
Speaker 3: whoever you are? Next question comes from listener Tie. She says,
Speaker 3: I have been reading Ben Bernanke's prediction for twenty twenty
Speaker 3: financial crisis. Don't don't, dun't, And now I'm shook BURNANKI.
Speaker 3: And he's not the only one side note, this is me,
Speaker 3: Mandy talking. He's not the only one who's predicting a
Speaker 3: twenty and twenty financial crisis. Like, if you've noticed there's
Speaker 3: been all these headlines, you know, people are saying the
Speaker 3: big ones coming in twenty twenty. Anyway, back to Ty,
Speaker 3: she says, he mentioned how with the unemployment being so low,
Speaker 3: Trump's stimpulus stimulus package could cause an economic downturn. Blah
Speaker 3: blah blah. I currently live in expensive New York City
Speaker 3: with my husband, and we have been discussing a move
Speaker 3: to the south, maybe Georgia in North Carolina and Virginia
Speaker 3: in the next year or so. But now I'm concerned.
Speaker 3: Do you too have any advice for preparing for a
Speaker 3: potential downturn and perhaps holding off on a move. I
Speaker 3: want to make sure any move that we make will
Speaker 3: be beneficial and not leave us in a financial bind. Mm.
Speaker 1: Well, here's what I mean. You don't want to live
Speaker 1: your life in like a bunker, you know what I mean? Like,
Speaker 1: I think I think you should prepare just.
Speaker 2: In general, like to me in knowing what I know now, Like.
Speaker 1: If I pre recession, Tiffany anything, what I would have
Speaker 1: probably told her is I would have I was actually
Speaker 1: pretty good at saving. I would have said, you know,
Speaker 1: continue to save, you save a good amount of money.
Speaker 1: I would have said, pay down debt, because there's nothing
Speaker 1: worse than when you're in financial crisis to also have
Speaker 1: to pay debt on top of bills. I would also too,
Speaker 1: not necessarily that I would have cut back on expenses,
Speaker 1: but I would always have and I have that now.
Speaker 1: I always have like a how we're living now budget
Speaker 1: and how we could live if things got tight budget,
Speaker 1: you know, so kind of like so like right now,
Speaker 1: you know things are not tight. So my husband and
Speaker 1: I were like, oh, okay, you know whole foods it is.
Speaker 1: And then I have a ooh if things get tight, hey, shot, Brian,
Speaker 1: what you're doing girl?
Speaker 2: You know? So I know those numbers, So those are
Speaker 2: kind of like the thing.
Speaker 1: So I don't believe that you should be living for
Speaker 1: this fearful like factor, but you know, keeping in mind
Speaker 1: that at any time anything can happen.
Speaker 2: So that's what I would say, safe, pay down debt,
Speaker 2: and I.
Speaker 1: Like to, I like to have two versions of my budget,
Speaker 1: just so I'm aware of, Like, if I had to,
Speaker 1: what would we what would I I like to know
Speaker 1: what my financial baseline, What would I absolutely have to
Speaker 1: make in order to make my life happen?
Speaker 3: Yeah, I agree. I think planning from a place of
Speaker 3: fear is good in small doses. Like I struggle with
Speaker 3: this too, how to being a little bit too pessimistic about,
Speaker 3: you know, my future when it comes to my finances,
Speaker 3: and that makes me want to like hold on to
Speaker 3: cash and not take any risks, which is bad because
Speaker 3: like long term, it's better to try, you know, put
Speaker 3: your money in the market because you have a lot
Speaker 3: of years ahead of you and all that, so you
Speaker 3: can afford to take some risk. I think it's we
Speaker 3: all kind of lived through the last recession. I think
Speaker 3: we've all experienced had our own. Everyone's got a recession story.
Speaker 3: Everyone got kicked on their butt in some way, shape
Speaker 3: or form. So I get while I I'm right there
Speaker 3: with you, Like, I also just bought a house, and
Speaker 3: I want to know, oh shit, did I buy at
Speaker 3: the top of the market. We're about to hit another
Speaker 3: housing crisis? What's happening? But I fortunately sit next to
Speaker 3: a mortgage economist, So anytime I am afraid of the
Speaker 3: market or what's happening, I just kind of go to
Speaker 3: my buddy Tenda, and I'm like, so, please espash my fears.
Speaker 3: The likelihood that we're going to have a recession like
Speaker 3: the last one, it's pretty slim because that one was
Speaker 3: driven by, in a lot of ways, just a lot
Speaker 3: of bad acting in the mortgage industry, which due to
Speaker 3: regulations that have been put in place, like aren't you know,
Speaker 3: as possible anymore? Now the current administration could change that,
Speaker 3: who knows, but I wouldn't plan your life around it.
Speaker 3: And I feel like it's smart to think about moving
Speaker 3: because moving is expensive. But you're talking about moving from
Speaker 3: a really expensive place to a not so expensive place,
Speaker 3: So think about how that would reduce your risk. You know,
Speaker 3: if there were something, if you know, let's say another
Speaker 3: downturn happens, at least you'd be in Georgia, where you know,
Speaker 3: I can attest it's very nice in Georgia, nice and affordable,
Speaker 3: versus being in a city like New York, where it's
Speaker 3: really tough to live here when things get bad. And yeah,
Speaker 3: like in terms of oh, go ahead.
Speaker 1: Now, as I say, because you're right New York. It's
Speaker 1: like what like, no matter what happens, new York, New
Speaker 1: York is expensive.
Speaker 2: That's just it just is.
Speaker 3: Yeah, And you and your savings will go a lot
Speaker 3: further in a place like Georgia. So while you're making
Speaker 3: this New York City money, if you start putting away
Speaker 3: your savings, just think how much more is this money
Speaker 3: going to be worth? And I'm just saying Georgia, but
Speaker 3: she mentions like in the South. Just think how much
Speaker 3: more your money, your savings right now will be worth
Speaker 3: once your cost of living is decreased by moving down south.
Speaker 3: And I would take advantage of especially if you think
Speaker 3: you'll have to take a price cut by moving to
Speaker 3: the South, which could be the case, uh, just because
Speaker 3: the costs of living is so much longer than typically
Speaker 3: salaries and wages are too. If you think you're going
Speaker 3: to take a price cut, then start saving aggressively now.
Speaker 3: Then you'll have money in the bank when you go
Speaker 3: down there. And you know, you have a nice little cushion,
Speaker 3: because there's no better protection against the un the you know,
Speaker 3: the unforseeable than a nice healthy emergency fund. And you know,
Speaker 3: if you make sure you have jobs set up when
Speaker 3: you're down there, and you don't buy a mc mansion
Speaker 3: just because you're two hundred thousand dollars here is worth
Speaker 3: a million in Georgia as long as you make as
Speaker 3: long as you don't make you know, those types of mistakes.
Speaker 3: And I think that I think that you you guys
Speaker 3: will be fine. You know that being said without knowing
Speaker 3: anything else about your financial situation.
Speaker 1: Yeah, you know, I just I it's one of the reasons, honestly,
Speaker 1: Like people ask like, why do you live so simply Tiffany,
Speaker 1: I was like, well, one, huh, I've been there where
Speaker 1: I'm like, yikes, well, you know, have you ever done
Speaker 1: this many? I don't know if you've ever you know,
Speaker 1: had and then like lost it and you start thinking
Speaker 1: about every little part that you've made when you used
Speaker 1: to have You're like, oh, I shouldn't have got them shoes.
Speaker 2: Dang that McDonald's burger. I didn't even need all that
Speaker 2: because you're thinking about adding.
Speaker 1: Up all those little coins that you can use right
Speaker 1: now where you don't have anything. But I just told
Speaker 1: myself that I didn't want that to happen again, that
Speaker 1: I was going to live well below my means, so
Speaker 1: that way, you know, it's just should something happen that
Speaker 1: I have, I have the space to recover, like I
Speaker 1: have enough for a year to be like, okay, exyphany
Speaker 1: everything has fallen apart, but we have a year to
Speaker 1: figure it out, you know, yeah, exactly.
Speaker 3: Yeah, So hang in there, tie and don't stress. I
Speaker 3: love that you're paying attention, but don't let the headlines.
Speaker 3: And honestly, you know what, sometimes these people write these
Speaker 3: books and they come out with these headlines because they
Speaker 3: want to get clicks, they want to get readership, and
Speaker 3: of course being dramatic, as we know, is rewarded in
Speaker 3: our country. So take it with a grain of salt.
Speaker 3: No one can predict the future one hundred percent.
Speaker 2: You gotta do you boo.
Speaker 4: Yeah, ah a, y'all until next week, stay brown, stay ambitious.
Speaker 2: Oh I'm gonna end like that every time. Okay, until
Speaker 2: I forget.
Speaker 3: You get all the good cash lines.
Speaker 2: Well you can end with it. You can end it
Speaker 2: with that. Okay, we'll do it again.
Speaker 3: No, I'm a team player.
Speaker 2: It's fine.
Speaker 3: I'm kidding.
Speaker 1: And you know I'm gonna forget first of all, because
Speaker 1: I only remember the stories that I tell twenty times.
Speaker 3: I don't remember what I was thinking, but I didn't
Speaker 3: say it. I'm sure you will. You will, let's say
Speaker 3: go catchphrase.
Speaker 2: Is he gonna be like I'm telling you already. I'm
Speaker 2: gonna be like, what did I say last week? Mandy?
Speaker 1: I'm like with Meanwhile, tell me to tell you a
Speaker 1: story from nineteen seventy five, and I'm like, gotcha.
Speaker 2: All right?
Speaker 3: Lovely lashes on