WEBVTT - The Financial Truth About Fast Fashion 0:00:06.240 --> 0:00:18.960 Hey, hey, hey, we're back. We're black, We're brown. Ambisious ambition, ambition, ambition, ambition, Managine, 0:00:19.000 --> 0:00:20.560 That's why I was a little bit late because I 0:00:20.560 --> 0:00:22.680 had just taken a shower and I was like, oh, 0:00:22.720 --> 0:00:24.560 I'm gonna wear when I'm gonna wear, so weave on 0:00:24.640 --> 0:00:25.240 this shirt. 0:00:25.480 --> 0:00:27.600 We're free balling, but not ball we're freeing. 0:00:27.720 --> 0:00:29.320 I have like underwear, but I just have like you know, 0:00:29.520 --> 0:00:31.840 just like you know what it's hot anyway, So I'm 0:00:31.880 --> 0:00:32.800 just here with a shirt on. 0:00:33.200 --> 0:00:36.800 Sin. I love that for you. And I actually have 0:00:36.840 --> 0:00:38.519 shorts on only because I had to go to my 0:00:38.600 --> 0:00:42.080 kids school. But the we were just talking about, like 0:00:42.360 --> 0:00:46.400 the underwear, the leak underwear, which you know was coming 0:00:46.400 --> 0:00:48.760 out like a few years ago, period underwear, period underwear. 0:00:48.800 --> 0:00:51.000 But I'm like, for the way that I use it, 0:00:51.000 --> 0:00:54.760 it's for leaks and squeaks and anything that should you know, 0:00:55.040 --> 0:00:57.840 just stay a little contained anyway. But like I get 0:00:57.880 --> 0:01:01.680 the big shorts. Why are we talking about this? You 0:01:01.760 --> 0:01:06.360 started it and they passed for shorts. I might take 0:01:06.400 --> 0:01:11.480 the garbage out in those sometimes to the design Thank 0:01:11.560 --> 0:01:15.080 you whoever invented them, thank you, oh man. Well, I 0:01:15.120 --> 0:01:18.640 love that we have our our sunshine oranges on today. 0:01:19.480 --> 0:01:21.440 I love this color orange that I have on with 0:01:21.480 --> 0:01:25.160 a red lip. I live. It is color combo. 0:01:25.319 --> 0:01:27.839 So that's orange. It looks yellow, does it? 0:01:27.840 --> 0:01:30.320 It's like a marigold. It's that really pretty. Do you 0:01:30.360 --> 0:01:34.360 ever see the specific color marigolds that they use an 0:01:34.360 --> 0:01:37.920 Indian culture like they always have, like the Maria color. 0:01:37.959 --> 0:01:39.520 I feel like it's the colors that I'm wearing it. It 0:01:39.440 --> 0:01:41.520 looks like, well, it could be both. 0:01:41.560 --> 0:01:46.000 Tiffany Gosh I had a whole point. She's like, some 0:01:46.280 --> 0:01:48.720 is that the color? We're going to start one of 0:01:48.760 --> 0:01:51.080 those internet memes where it's like what color is it? 0:01:51.120 --> 0:01:51.680 Is it orange? 0:01:51.720 --> 0:01:52.279 Is it yellow? 0:01:53.640 --> 0:01:54.200 Anyway? 0:01:56.040 --> 0:01:57.240 I was like, yes, curls come through. 0:01:57.320 --> 0:02:00.840 Oh thank you. She showered. It's just a little shower. 0:02:01.240 --> 0:02:04.000 Now I'm gonna have to get goddamn Rihanna's hair care too. 0:02:04.320 --> 0:02:04.720 Damn it. 0:02:05.200 --> 0:02:07.880 I know that's a good thing about having locks. I'm 0:02:07.920 --> 0:02:11.959 not gonna lie. Let's talk about the financials behind locks 0:02:12.000 --> 0:02:14.480 that in the beginning, it can be quite pricey because 0:02:15.320 --> 0:02:16.800 as your hair is locking, you have to see your 0:02:16.800 --> 0:02:21.040 locksiction more often, but as your hair locks, you see 0:02:21.040 --> 0:02:24.480 them less frequently, and quite honestly, because my hair is locked. 0:02:24.520 --> 0:02:27.280 It needs way less product even though it's like really long, 0:02:27.480 --> 0:02:30.000 because the product actually doesn't absorb into the hair because 0:02:30.000 --> 0:02:32.239 the hair is like, you know, so tightly locked together. 0:02:32.400 --> 0:02:36.080 So it gets less and less expensive. I mean, my 0:02:36.160 --> 0:02:38.320 hair is like cost me next to nothing now, but 0:02:38.720 --> 0:02:40.360 it was a lot of money to get them started. 0:02:40.360 --> 0:02:42.720 A few hundred dollars, some people even a thousand plus 0:02:42.760 --> 0:02:44.760 to get them started, or if you want sister locks. 0:02:45.600 --> 0:02:48.200 You know, as I'm thinking as you're saying that, I'm 0:02:48.240 --> 0:02:52.560 kind of realizing that I think natural like this, Sorry, 0:02:52.639 --> 0:02:54.480 all hair this is not Your hair is natural too, 0:02:54.520 --> 0:02:58.000 but like the what do you call this? I don't 0:02:58.040 --> 0:03:02.720 know currently, just as it comes out of your head. 0:03:02.760 --> 0:03:07.720 Hairstyle is like the is the hair version of people 0:03:07.800 --> 0:03:10.799 who prefer stick shift, you know, Like why would you 0:03:10.840 --> 0:03:13.200 get a car that's hard to drive, or like an 0:03:13.280 --> 0:03:15.799 old timey car that you have to, like, I don't know, 0:03:16.120 --> 0:03:18.360 pull some gizmos and gadgets to get the wipers to 0:03:18.400 --> 0:03:21.000 go on. Like some people like a hobby, and some 0:03:21.040 --> 0:03:24.200 people like something that takes a little bit more like 0:03:24.360 --> 0:03:28.040 time and effort because it's like part of their personality. 0:03:28.120 --> 0:03:33.040 And I think I do enjoy the manipulation, the creative, 0:03:33.120 --> 0:03:36.000 the creativity of like the this hair kind of style, 0:03:36.880 --> 0:03:40.080 like the versatility of it. And but that's the only 0:03:40.160 --> 0:03:42.080 place in my life where I'm like, if I'm gonna 0:03:42.080 --> 0:03:45.360 be like my husband when he washes the car. There 0:03:45.360 --> 0:03:47.720 are when I tell you about product. Don't look at 0:03:47.760 --> 0:03:51.000 black women, look at the mountain you wash cars. The 0:03:51.120 --> 0:03:55.800 number of brushes, paint brushes and dust brushes and different rags, 0:03:55.840 --> 0:04:01.160 special rag washing detergent. Yeah, various buckets. He made a 0:04:01.160 --> 0:04:03.480 whole custom cart so we can wheel all of his 0:04:03.520 --> 0:04:07.480 stuff out. It's ridunculous, but that's like his thing, that's 0:04:07.480 --> 0:04:08.240 his creative. 0:04:08.360 --> 0:04:11.240 That was my dad. Every weekend he would he would 0:04:11.280 --> 0:04:13.320 wash his car and it was a very specific process. 0:04:13.480 --> 0:04:14.960 So yeah, we have our own like you know, but 0:04:15.000 --> 0:04:18.120 I do say like when I had my fro, it 0:04:18.240 --> 0:04:20.799 was way more costly as it relates to products, because 0:04:20.800 --> 0:04:23.000 my fro was thirsty and. 0:04:22.960 --> 0:04:26.640 So I know it's very expensive. Yeah, yes, oh my. 0:04:26.600 --> 0:04:28.520 Gosh, cause that hair is like, girl, that's all you got. 0:04:28.560 --> 0:04:31.040 I need the whole bottle, Yes, you know, I need 0:04:31.040 --> 0:04:31.599 a whole bottle? 0:04:31.920 --> 0:04:34.080 What a dime sized portion of what? Girl? 0:04:35.040 --> 0:04:35.600 The laughter? 0:04:36.880 --> 0:04:41.800 We chose different paths. Okay, we did. We're gonna jump 0:04:41.880 --> 0:04:45.920 into brown Buzzworthy because there's some topics in the news 0:04:45.960 --> 0:04:48.279 that are kind of juicy juice. Should we start with 0:04:48.400 --> 0:04:50.920 market stuff or start with some fun stuff? 0:04:51.560 --> 0:04:53.800 Yes, I had seen the market. So one of my 0:04:53.839 --> 0:04:59.760 favorites named is let me see, I'm going to Better Wallet. 0:05:00.440 --> 0:05:02.240 What is his name? We had him on the show. 0:05:02.240 --> 0:05:04.400 Right better while? Oh? Mark? 0:05:04.480 --> 0:05:06.240 Yeah, yeah, Mark. I was gonna say, is his name 0:05:06.240 --> 0:05:08.600 Mark us something like that. So anyway, I love following 0:05:08.600 --> 0:05:11.000 Mark because he like really breaks down like all things market. 0:05:12.279 --> 0:05:14.640 Oh he is Wait a second, he is going to 0:05:14.880 --> 0:05:16.560 I'm gonna have to text him and say, listen to 0:05:16.640 --> 0:05:21.520 the show because he stands for you. And I disappointed 0:05:21.600 --> 0:05:23.400 him so much when I rolled up to fin Con 0:05:23.440 --> 0:05:25.480 a couple of years ago by myself and he just 0:05:25.520 --> 0:05:27.000 told me how much he loved you, and I was like, 0:05:27.040 --> 0:05:29.800 I'll pass it on. Oh anyway, that's he just had 0:05:30.720 --> 0:05:35.599 Marcus tell me what you like all about him. 0:05:36.720 --> 0:05:38.000 Don't give me a trouble. You know, I've got a 0:05:38.000 --> 0:05:45.200 boot now, not like that, you know what I mean? Anyway, 0:05:45.240 --> 0:05:48.240 his name is Mark Russell's financial coach. He has an 0:05:48.279 --> 0:05:51.800 IG account called Better Wallet. But I really like about 0:05:51.800 --> 0:05:54.919 Marcus that sometimes you like, you know, I'll look at 0:05:54.960 --> 0:05:57.120 what CNBC and all the girls are saying, but Mark 0:05:57.160 --> 0:05:58.680 breaks them in such a way that I'm like, oh, 0:05:58.839 --> 0:06:03.120 is that what they mean? Okay? So anyway, it was 0:06:03.160 --> 0:06:05.360 really geeked because I saw that he shared, like, you know, 0:06:05.480 --> 0:06:07.120 like if you had put money in the stock market 0:06:07.160 --> 0:06:08.720 in the beginning of the year, you'd be up nearly 0:06:08.760 --> 0:06:12.280 twenty five percent. So I was just like, you know, 0:06:12.320 --> 0:06:15.360 how many of us have been too afraid to get 0:06:15.440 --> 0:06:17.719 into the market because obviously that there are ups and 0:06:17.760 --> 0:06:19.760 they are downs, and there's some years that are terrible 0:06:19.920 --> 0:06:22.640 and some years that are amazing. But if you have 0:06:22.800 --> 0:06:24.840 like ten years before you actually need your money, five 0:06:24.880 --> 0:06:26.760 to ten years before you need your money, especially if 0:06:26.800 --> 0:06:28.920 you have ten years plus before you need your money, 0:06:29.920 --> 0:06:32.000 the likelihood that you're going to end on the up 0:06:32.480 --> 0:06:36.200 is significantly more likely than not. And so I just 0:06:36.200 --> 0:06:38.359 wanted to say that They're like, you know, the market 0:06:38.480 --> 0:06:41.520 is marketing and you know what's so strange though, and 0:06:41.520 --> 0:06:47.520 we talked about this before that externally they say job costs, 0:06:47.560 --> 0:06:50.000 I mean, jobs are there are so many? The job 0:06:50.040 --> 0:06:52.920 market looks good, the market is strong, and yet I 0:06:52.960 --> 0:06:55.440 don't know about you, Mandy, but there is nobody who 0:06:55.520 --> 0:06:58.200 I know that is feeling good about the economy. Although 0:06:58.920 --> 0:07:01.400 if you're looking at it from an objective standpoint, the 0:07:01.400 --> 0:07:03.839 economy is in a better place now more than ever before, 0:07:03.920 --> 0:07:06.240 when I'll say ever before, But you know, like, and 0:07:06.320 --> 0:07:08.000 yet that's not how the people are feeling. 0:07:08.600 --> 0:07:12.400 Yeah, it's such an interesting disconnect. Well, I think this 0:07:12.560 --> 0:07:15.800 is like very much. It's we've been talking about the 0:07:15.800 --> 0:07:18.800 theme for the past, like I feel maybe fifteen years 0:07:18.880 --> 0:07:22.280 and since I studied or started working as a business journalist, 0:07:22.280 --> 0:07:24.360 has been the squeezing of the middle class. And how 0:07:25.040 --> 0:07:27.400 you know, the definition of middle class is always changing, 0:07:27.440 --> 0:07:31.600 but that basically if you're not really really rich, or 0:07:31.640 --> 0:07:35.200 you're not like you know, so if you're not, it's 0:07:35.240 --> 0:07:39.360 weird comfortably poor but poor enough or earn little enough 0:07:39.360 --> 0:07:42.400 to qualify for the resources that we have, like the 0:07:42.400 --> 0:07:44.760 people in the middle especially those like on the CUSP 0:07:44.760 --> 0:07:49.160 where it's like technically the irs and the government says 0:07:49.160 --> 0:07:52.040 that I'm not struggling, so I don't qualify for support, 0:07:52.120 --> 0:07:54.520 so I got to pay for everything. And the people 0:07:54.560 --> 0:07:57.120 who are I think benefiting from times like this are 0:07:57.160 --> 0:07:59.800 people who are in the market, like business savvy people. 0:08:00.240 --> 0:08:01.920 They tend to not look like us as much as 0:08:01.920 --> 0:08:03.840 we love BA FAM and I would say the vast 0:08:03.880 --> 0:08:06.680 majority of you guys are already investing because you're listening 0:08:06.680 --> 0:08:09.440 to us, So that's a good indication. But the reality 0:08:09.480 --> 0:08:13.239 is that most people investing and benefiting from these tax 0:08:13.280 --> 0:08:16.040 breaks that have been in that are going on eight 0:08:16.120 --> 0:08:18.880 years now, that have been implemented during the Trump years. 0:08:19.400 --> 0:08:21.760 Like that's who's really profiting and who's doing really well. 0:08:21.760 --> 0:08:26.000 And plus these businesses that are charging us more under 0:08:26.040 --> 0:08:30.200 the cloak of inflation and additional labor costs, like that's 0:08:30.240 --> 0:08:33.800 all trickling down to the majority of people. I think 0:08:33.840 --> 0:08:36.960 that the question is what are we going to do 0:08:37.040 --> 0:08:41.280 with our discomfort? Because if we're getting these signs that like, oh, 0:08:41.360 --> 0:08:44.040 the economy is great and all of that, I would 0:08:44.120 --> 0:08:46.199 not you have to go off of what your personal 0:08:46.200 --> 0:08:50.720 economy is, Like you can't. I'm worried about this sense 0:08:50.800 --> 0:08:54.760 of oh, well, they're saying the economy is good, so yeah, 0:08:54.760 --> 0:08:56.720 I'll go ahead and you know, get put that on credit. 0:08:56.720 --> 0:09:00.320 Things will work out next year, yeah, or yeah, maybe 0:09:00.320 --> 0:09:04.800 I'll you know, maybe I will just stay where I'm 0:09:04.840 --> 0:09:08.800 at because I should be, you know, confident that I'll 0:09:08.800 --> 0:09:12.559 get a raise or that you know, some opportunities will 0:09:12.600 --> 0:09:15.280 come to me, and like you're not thinking strategically about 0:09:15.320 --> 0:09:17.960 your career or asking for that raise or promotion or 0:09:17.960 --> 0:09:20.480 whatever it may be. It's always got to come back 0:09:20.520 --> 0:09:22.640 to what is happening for you personally and what are 0:09:22.640 --> 0:09:28.480 your goals? And headlines are headlines? Yes, you know, because. 0:09:28.240 --> 0:09:29.839 At the end of the day, the day will end. 0:09:30.080 --> 0:09:37.280 So wow, wait, that's very very that's very like that. 0:09:37.520 --> 0:09:40.680 That's very girl podcast. I just hurt. Yes, I was 0:09:40.679 --> 0:09:41.120 gonna say. 0:09:41.120 --> 0:09:43.200 It reminds me that video of you and all the 0:09:43.240 --> 0:09:48.080 other black Lady influencers be like, at the end of 0:09:48.080 --> 0:09:51.440 the day, the day is going to end. 0:09:57.200 --> 0:09:58.720 No, okay, But. 0:09:59.160 --> 0:10:01.439 When you said the stock markets going up, I went 0:10:01.520 --> 0:10:03.320 to log into Vanguard, and I love it when it 0:10:03.360 --> 0:10:05.520 forgets who I am because that's how little I check it, 0:10:05.920 --> 0:10:08.839 which is exactly what you should be doing. I'm like, oh, Yang, 0:10:09.320 --> 0:10:13.120 good credit, how you cuter? I don't know. I don't 0:10:13.120 --> 0:10:17.080 know my password right now. I just I'll find out later. 0:10:18.280 --> 0:10:20.440 Honestly. I mean, I'm not gonna send my net worth, 0:10:20.559 --> 0:10:23.480 but I'm not gonna lie. This has been the last 0:10:23.520 --> 0:10:26.800 two years. I'm like, oh, there's been a definitely, Well. 0:10:26.679 --> 0:10:29.839 What about the increase? The percentage increase, that's what you 0:10:29.880 --> 0:10:31.800 can focus on. How much of you give it's. 0:10:31.640 --> 0:10:34.040 Going to flee. Let me see if he's going to slay. 0:10:34.480 --> 0:10:36.280 I'm logging in right now because I'm like Mandy. 0:10:36.360 --> 0:10:38.080 First of all, can we just talk about how terrible 0:10:38.120 --> 0:10:42.000 the Vanguard? Uh? I'm sure there's nice people who work there, 0:10:42.320 --> 0:10:44.360 and hey, y'all got cheap index funds and we love 0:10:44.360 --> 0:10:46.240 you for that, but like, your face. 0:10:46.080 --> 0:10:54.000 Is the their interface is the worst. What am I up? Well, 0:10:54.320 --> 0:10:57.040 I don't know. They say it's up, it's up. 0:10:59.120 --> 0:11:01.000 Because economic sense. 0:11:01.040 --> 0:11:05.440 Well I'll say this that I I don't know how 0:11:05.480 --> 0:11:08.079 to because I'm like, child, let's see what percentage is that? 0:11:09.559 --> 0:11:11.280 Because I know the number of year to date, Like 0:11:11.360 --> 0:11:11.840 what it's up? 0:11:11.880 --> 0:11:15.520 But I'm like, show you the percentage? What am I 0:11:15.600 --> 0:11:16.000 doing wrong? 0:11:16.040 --> 0:11:16.280 It is? 0:11:16.320 --> 0:11:19.920 I'm up twelve percent? That's something? 0:11:19.960 --> 0:11:22.800 But are you just like what are you invested in? 0:11:22.880 --> 0:11:24.000 Are you invested across the stork? 0:11:24.040 --> 0:11:27.959 Okay, oh that's cute. My ire my individual four one k, 0:11:28.080 --> 0:11:30.120 so my solo four one K is up twenty five 0:11:30.160 --> 0:11:32.120 point one percent, So I think that is like one 0:11:32.200 --> 0:11:33.920 hundred percent invested in the stock market. 0:11:33.960 --> 0:11:35.839 That's what I say, yes, because if you're invested in, 0:11:36.000 --> 0:11:37.480 because you have to remember that, somebody you might be 0:11:37.559 --> 0:11:40.280 looking and say, hey, I'm not invested, but it's like no, no, no, 0:11:40.400 --> 0:11:43.199 no are you. That's just like we're talking about the 0:11:43.280 --> 0:11:44.880 S and P five hundred, Like if you invested in 0:11:44.880 --> 0:11:47.160 the overall stock market, but if you have maybe some 0:11:47.280 --> 0:11:49.400 NA Video whatever that company is called, some apples and 0:11:49.480 --> 0:11:51.960 this and that, then it's going to look different. If 0:11:52.000 --> 0:11:54.599 you're just invested in like what the S and P 0:11:54.720 --> 0:11:57.080 five hundred is currently doing, then you should be up 0:11:57.080 --> 0:11:58.920 around like you said, like your your four one k 0:11:59.040 --> 0:12:02.400 about five about which is great. This is why you 0:12:02.440 --> 0:12:05.040 don't have to necessarily pick individuals. Like that's the thing, 0:12:05.480 --> 0:12:07.320 right that I think it was like the last one 0:12:07.440 --> 0:12:11.040 hundred years or so, on average, the stock market has 0:12:11.120 --> 0:12:14.480 brought back annually on the low end seven to eight percent, 0:12:14.760 --> 0:12:18.120 on the higher end ten percent, right, And so certain 0:12:18.280 --> 0:12:20.480 years it's been down, down, down. Let's just say it 0:12:20.559 --> 0:12:22.640 was down thirty percent, and we know during the recession 0:12:22.720 --> 0:12:26.040 it was hugely down. But then we have some years 0:12:26.080 --> 0:12:29.600 where it's tremendously up and so it evens its way 0:12:29.640 --> 0:12:33.000 out to about eight to ten percent. And the thing 0:12:33.200 --> 0:12:35.439 is you just have to be in it and not 0:12:35.559 --> 0:12:37.400 to take your money out when it's down and have 0:12:37.520 --> 0:12:41.680 those realized losses. But then knowing that if you're needing 0:12:41.720 --> 0:12:43.280 the money, let's just say you're needing the money to 0:12:43.320 --> 0:12:46.920 purchase home or car or retirement. The closer you get 0:12:46.960 --> 0:12:48.800 to that time of needing the money, the more you 0:12:48.800 --> 0:12:51.559 should kind of excuse yourself from the market because you 0:12:51.600 --> 0:12:53.400 don't know what year is going to hit and what 0:12:53.559 --> 0:12:55.559 year is not, you know. And so that's why I 0:12:55.720 --> 0:12:57.480 like about those target day funds that kind of like 0:12:57.640 --> 0:13:00.840 rebalance yourself for you. So if you're like my dad 0:13:00.960 --> 0:13:02.760 is eighty four, so he does not need to be 0:13:02.840 --> 0:13:05.640 heavily into the market, even though he'd be doing what 0:13:05.720 --> 0:13:08.240 he want to do, I'm like, he's like, you never know. 0:13:08.320 --> 0:13:10.760 I'm like, so eighty four, you're living on borrow time. 0:13:10.760 --> 0:13:15.160 And I'm just joking, not for today's episode, but I 0:13:15.240 --> 0:13:19.400 want to dive into senior citizens. You get mortgages and 0:13:19.880 --> 0:13:21.120 like a thirty year mortgage. 0:13:26.400 --> 0:13:28.000 I want to go to have a Mandy's. 0:13:29.960 --> 0:13:32.640 But like I get it though, you know, you know 0:13:32.880 --> 0:13:37.280 you think about that and I hate this word so much. Amortizee. 0:13:38.120 --> 0:13:39.920 I need to like warm up before I say it. 0:13:40.080 --> 0:13:43.640 Me Me, me, me, I'm still stuck one pepper. 0:13:45.800 --> 0:13:51.480 Thirty eight. Amortization. Amorization. Yes, amortorization. So that is what 0:13:51.720 --> 0:13:54.000 when you when you get a mortgage and you have 0:13:54.080 --> 0:13:56.679 your mortgage monthly mortgage payments, if you actually look at 0:13:56.720 --> 0:13:59.559 how much goes to your actual principal payment, like what 0:13:59.679 --> 0:14:04.000 you versus interest, Yeah, it's like ninety nine point nine 0:14:04.080 --> 0:14:06.679 percent is interest payments. And I'm like, oh, I get it. 0:14:06.800 --> 0:14:10.720 That's why they're giving thirty year mortgages to senior citizens, Hi, daddy, 0:14:12.000 --> 0:14:13.959 because like they're not They're like, oh, we're going to 0:14:14.000 --> 0:14:16.880 get them while they're still here. And then you're but 0:14:17.000 --> 0:14:18.920 then you're not actually creating a lot of equity for 0:14:19.040 --> 0:14:23.120 your your area family unless the market is going crazy. 0:14:23.200 --> 0:14:29.640 But it's giving fun, fact, right, is giving? Okay, I'm fever. 0:14:29.680 --> 0:14:32.680 Yeah, capitalism because I was just shocked. I'm like, dad, 0:14:33.000 --> 0:14:34.760 don't they only want you to get like a fifteen 0:14:34.840 --> 0:14:36.480 year old? It's terrible all right? 0:14:36.560 --> 0:14:43.560 Anyway, moving on, state farm agents are small business owners too, 0:14:43.920 --> 0:14:46.680 so they know how to help you choose personalized policies 0:14:46.840 --> 0:14:49.640 that fig your needs, like a good neighbor state farm 0:14:49.800 --> 0:14:57.560 is there? Talk to your local agent today. Moving on 0:14:57.680 --> 0:15:01.440 to some other shady news. So what do you know 0:15:01.480 --> 0:15:04.680 about Shean or Sheen, Sheen or she And? 0:15:04.960 --> 0:15:08.120 You said Sheen? I said she And I know that 0:15:08.240 --> 0:15:12.480 the girlies love Slash hate Shean and that if you 0:15:12.760 --> 0:15:15.000 read the news, it's pretty easy to find out that 0:15:15.360 --> 0:15:18.920 it's horrible for the environment and for people. Yes, but 0:15:19.000 --> 0:15:20.120 it's fast fashion. 0:15:20.640 --> 0:15:24.880 Yes, fast fashion. So so as of who is this, 0:15:25.000 --> 0:15:28.760 I believe this is CNBC and I'm on right, so 0:15:28.800 --> 0:15:31.680 I'm I'm literally just here today June twenty fourth, fast 0:15:31.760 --> 0:15:35.600 fashioned giant. She And has confidently filed for a public 0:15:35.680 --> 0:15:40.640 listing in London. So confidentially, I know because they're trying 0:15:40.640 --> 0:15:41.800 to be on a low look because they know people 0:15:41.800 --> 0:15:43.600 will be mad at them. So you like, so An 0:15:43.640 --> 0:15:44.360 I p O and. 0:15:45.960 --> 0:15:49.720 And oh initial public offering, girl, I'm like. 0:15:50.960 --> 0:15:59.720 I was, like I had done. That's basically when they 0:15:59.720 --> 0:16:02.200 come to market and they say, hey, we're not gonna 0:16:02.200 --> 0:16:04.240 be a private company anymore. You guys want a piece 0:16:04.280 --> 0:16:06.920 of the company, and so it's the first time a 0:16:07.000 --> 0:16:09.160 company kind of like says you can have a piece 0:16:09.200 --> 0:16:11.680 of us, and that's an initial public offering. And so 0:16:12.600 --> 0:16:15.320 they applied for one in the United States in November, 0:16:15.400 --> 0:16:18.000 but there was a lot of pushback because the girls 0:16:18.040 --> 0:16:21.720 were like, hey, one, you know you there's allegations of 0:16:21.760 --> 0:16:27.120 forced labor in your supply chain. And two I would 0:16:27.120 --> 0:16:29.560 think it was because they're also like notoriously known for 0:16:29.720 --> 0:16:32.120 like just poisoning the environment. And so now they file 0:16:32.200 --> 0:16:33.960 for one in London. I guess to see, like, well, 0:16:34.240 --> 0:16:36.040 let's see if we can have the girls buy stocks 0:16:36.080 --> 0:16:39.920 in US in London town. Just touch down in London Town. 0:16:40.320 --> 0:16:42.600 We're the hottest in the world right now. Just touch 0:16:42.680 --> 0:16:45.200 down and remember American book. 0:16:46.120 --> 0:16:47.720 Oh I know that song, but I don't know what 0:16:47.840 --> 0:16:50.640 you raise me, take me, That's. 0:16:50.520 --> 0:16:53.960 What she says. Just touch down in London Town anyway. 0:16:54.760 --> 0:16:58.560 But yeah, so, so how do you feel about that? 0:16:58.760 --> 0:17:03.040 Because I feel conflicted? I am, because it's almost like 0:17:03.880 --> 0:17:05.800 follow me with this weirdest analogy and I'm a good 0:17:05.800 --> 0:17:07.920 for word. That's analogy. It's like when the girlies will 0:17:07.920 --> 0:17:10.920 loose balloon release balloons because their loved ones, you know, 0:17:11.640 --> 0:17:14.159 or graduation or whatever, and then you find out that 0:17:14.200 --> 0:17:17.080 the balloons land in the ocean, so then you feel bad, 0:17:17.760 --> 0:17:19.639 and so it's like, okay, so the girlies are like, 0:17:19.680 --> 0:17:21.879 I want to look cute, but child, the way my 0:17:21.920 --> 0:17:24.399 budget is budgeting, I need to stick within a tight budget, 0:17:24.800 --> 0:17:26.440 and so I can give me a two dollars three 0:17:26.480 --> 0:17:30.280 dollars four dollar piece of shine, okay, but unfortunately that 0:17:30.359 --> 0:17:34.000 piece of sine is likely going to like lay in 0:17:34.080 --> 0:17:36.800 a landfill, you know, not be able to be absorbed 0:17:36.800 --> 0:17:40.199 back into the into nature. And allegedly, you know, they 0:17:40.240 --> 0:17:42.480 don't treat their people very well, like they they I 0:17:42.560 --> 0:17:44.760 think I saw it was on Instagram. It was like 0:17:44.840 --> 0:17:48.800 these machine workers sleeping in the factories. Very reminiscent of 0:17:48.880 --> 0:17:50.600 like the twenties when people used to work in factories 0:17:50.640 --> 0:17:53.880 and you know in New York and you know, until 0:17:53.880 --> 0:17:55.680 they can like caught fire and burn down. 0:17:55.920 --> 0:17:58.480 Or do they produce that I'm assuming in Asia, in 0:17:58.600 --> 0:18:03.000 China and China, I mean China is like the capital 0:18:03.280 --> 0:18:06.760 and many countries like the other outside of the US 0:18:06.840 --> 0:18:10.080 and beyond, like many places like or the capital of 0:18:10.920 --> 0:18:16.120 you know, child labor abuse, adult labor, just labor practice, 0:18:16.320 --> 0:18:20.840 horrible labor practices in general. I think that well, first 0:18:20.840 --> 0:18:24.280 of all, San deserves all this negative attention, but it 0:18:24.400 --> 0:18:27.119 did not invent fast fashion. So can we talk about 0:18:27.160 --> 0:18:31.240 old navy? We talked about Target. Sorry in advance for Target, 0:18:31.359 --> 0:18:34.680 but sorry not sorry because the quality. I have had 0:18:34.720 --> 0:18:39.960 to stop buying Target, like basic brand stuff because the 0:18:40.040 --> 0:18:43.880 quality is so shite. I can actually like the sweaters 0:18:43.960 --> 0:18:47.359 all like the little like cause they swap out their 0:18:47.440 --> 0:18:50.280 looks with every season and almost like every month there's 0:18:50.400 --> 0:18:52.679 new looks and it makes you want to like get 0:18:52.800 --> 0:18:54.679 new stuff. But I have found that when I am 0:18:54.760 --> 0:18:59.320 donating clothes, bags and bags of like shitty Target stuff 0:19:00.080 --> 0:19:01.120 to them is another one. 0:19:01.560 --> 0:19:04.520 Although it was like hmmm yeah, Sam, yeah forever twe 0:19:05.320 --> 0:19:06.760 low key high key Zara. 0:19:06.960 --> 0:19:11.760 Oh Zara can sometimes too, so yeah, it definitely is 0:19:11.800 --> 0:19:14.920 on a Shan problem. It's just a consumerism problem. Like 0:19:15.000 --> 0:19:17.960 we are the fast fashion industry and the Internet and 0:19:18.840 --> 0:19:21.879 influencers and the TikTok halls. 0:19:22.119 --> 0:19:23.720 You've seen the halls they were like, oh I got 0:19:23.760 --> 0:19:26.520 these three hundred pieces and I mean low key, high key. 0:19:26.560 --> 0:19:29.600 I am part of the problem. I'm sorry. Mother Beyonce 0:19:29.720 --> 0:19:32.520 had us all where the silver and there was uptick 0:19:32.600 --> 0:19:34.680 of silver being sold and then did you hear later 0:19:34.760 --> 0:19:36.720 how it was all trickled his way down to the 0:19:36.760 --> 0:19:39.400 good of the wheel and all those other drift shops. 0:19:39.840 --> 0:19:42.320 All of our silver, I mean, some of my top 0:19:42.440 --> 0:19:44.240 is there and my sneakers. 0:19:44.400 --> 0:19:46.200 Wait you sent that to That was a hot little 0:19:46.440 --> 0:19:49.600 haulter top. You donated that, Yeah. 0:19:49.480 --> 0:19:51.240 Because I'm like, it's not really me. My back was 0:19:51.280 --> 0:19:53.359 at you know, I was swinging on one of. 0:19:54.400 --> 0:19:55.040 It looks like you. 0:19:58.480 --> 0:20:00.600 Way, I know what I I just say all that 0:20:00.680 --> 0:20:03.520 to say it is a struggle, right, because it's like, 0:20:04.840 --> 0:20:08.760 not that I can't afford better quality clothes, but certainly, 0:20:09.000 --> 0:20:10.600 you know, back in the day, people you know, you 0:20:10.920 --> 0:20:12.800 had a handful of clothes because you like made them, 0:20:13.240 --> 0:20:15.479 and there was a hole. I remember distinctly, if there 0:20:15.520 --> 0:20:18.640 was a hole, my mother would would like she would 0:20:18.680 --> 0:20:20.160 do the laundring, you know that. What is it called, 0:20:20.200 --> 0:20:23.760 like the sewing, you know, like once a week, like socks, yeah, 0:20:23.760 --> 0:20:27.159 the dot Yeah. But now it's just like tossome. And 0:20:27.359 --> 0:20:30.280 I remember I had an awakening and I don't know 0:20:30.320 --> 0:20:31.880 why I never thought about this before. It was maybe 0:20:31.920 --> 0:20:34.359 like a few years back. I was in Burlington co 0:20:34.520 --> 0:20:38.439 Factory and I was looking for something and I just looked, 0:20:38.840 --> 0:20:40.760