Speaker 1: Hey, Hey, Hey, we're back.
Speaker 2: We're black, We're brown Ambition.
Speaker 3: Hey, and Andrew, Hey, mis s, Tiffany.
Speaker 1: I think that.
Speaker 2: Brown Ambishin is reaching just just a myriad of amazing people, honestly.
Speaker 2: So one of my friends, Alex Hardy, Hey, Alex, he
Speaker 2: posted the the uh, what was that thing I was
Speaker 2: talking about last week?
Speaker 1: The genius zone?
Speaker 3: Right, the Zone of Excellence, right, zone of Genius.
Speaker 1: Meanwhile, I should know, but.
Speaker 3: We called them the Zone of Excellence the entire show
Speaker 3: last week. Zone of Genius.
Speaker 2: Okay, yes, but he posted it and he got it right.
Speaker 2: But I just thought that it was so great to
Speaker 2: see he was just sharing how helpful it was, and
Speaker 2: he shared on his socials and people were like, oh
Speaker 2: my gosh, this is so great. So I just thought
Speaker 2: that that that was really awesome, that we're really just
Speaker 2: helping people. And I love the fact that CALLI, who
Speaker 2: edits our show, put a lot of that in our
Speaker 2: show notes. So if you hear us talk about something
Speaker 2: really interesting, you'll be able to find those links to
Speaker 2: those things in the show notes.
Speaker 1: Largely.
Speaker 2: So, I just think that branham Bish's out here kicking
Speaker 2: butt and taking names. Oh and someone messaged me and said, girl,
Speaker 2: I too grew up saying coochie crunch, And.
Speaker 1: Yes, I'm saying it again. Literally, it just means tight
Speaker 1: and tight quarters.
Speaker 3: And she was, I need this definition. I had never
Speaker 3: heard this before.
Speaker 2: Okay, and just be like, Okay, So me and my
Speaker 2: best friend we hang out all the time, you know,
Speaker 2: we're like you know, I'm trying to think.
Speaker 1: I don't know.
Speaker 2: I just use it when you're supposed to use it.
Speaker 2: It just means like you're it just means in tight proximity.
Speaker 2: So figuratively or literally, in type proximity, that's what that means,
Speaker 2: loving like, oh we're best friends. For girl, we all
Speaker 2: kuchi crunch be best friends. So at the time, you know,
Speaker 2: saying it in third grade, I'm sure I didn't realize
Speaker 2: it how I must have sounded. But I don't know
Speaker 2: the origins of such saying. But I do know that
Speaker 2: where I grew up, there was something that we said
Speaker 2: and it wasn't It wasn't a bad word, at least
Speaker 2: not the one that I knew of. But it was
Speaker 2: hilarious that someone else dm me was like girls.
Speaker 1: She says.
Speaker 2: She howled when she heard it. Was like I grew
Speaker 2: up saying that too. So yeah, so Bran a Bischen
Speaker 2: is out here changing lives and reminding people of their
Speaker 2: their non traditional upbringing.
Speaker 3: Okay, I love it and honestly thank you. I don't
Speaker 3: know if that was a pep talk, but it made
Speaker 3: me feel a lot better. Kuchi Crunch, All right, well
Speaker 3: listen this. Like I said, it's been rough, but the one,
Speaker 3: the one shining light, I think for both of us,
Speaker 3: has been the podcast. Right over the past five months
Speaker 3: of quarantine, this show has given us life and our
Speaker 3: listenership is up, and I just want to say hello
Speaker 3: and thank you to all of our new listeners. And
Speaker 3: also we don't usually do this, but we want to
Speaker 3: ask you for something. Could you guys help support the
Speaker 3: show by sharing it with a friend, posting it on
Speaker 3: social or even going to iTunes and leaving a comment
Speaker 3: and a star rating. That would be amazing. Oh man,
Speaker 3: did it sound bitchy?
Speaker 1: No? No, it's meaning.
Speaker 3: Like what Oh wait, I'm just doing it now. I'm
Speaker 3: apologizing for asking for a thing and I shouldn't do that, right, Yeah,
Speaker 3: that was.
Speaker 1: A drama triangle.
Speaker 2: So you're worried about for being perceived as the not
Speaker 2: the predator, it's it's actually the p it's the persecutor person.
Speaker 2: It's like that people are gonna perceive me as someone
Speaker 2: who's like, oh, but no. We're just basically asking.
Speaker 1: Can you share this podcast with folks please?
Speaker 3: You're right, it is not too much to ask. Yes. Well,
Speaker 3: let's be specific. Okay, so what are we asking you
Speaker 3: guys for? If you want to share on social why
Speaker 3: don't you take a screenshot of the show or you
Speaker 3: can even now with the iPhones, you can record a
Speaker 3: video of your what you're viewing on your phone. So
Speaker 3: a lot of people have been taking little snippets of
Speaker 3: our show that they like, little nuggets, little quotes, and
Speaker 3: they have been creating soundbites and posting those on Insta.
Speaker 3: That's a good idea, even just a screenshot shared on Insta,
Speaker 3: on Facebook, or just tell a friend, to tell a friend,
Speaker 3: and especially if you want to help us rise in
Speaker 3: the rankings on the All Important iTunes leaving us a
Speaker 3: comment and leaving a rating on our show, I think
Speaker 3: we're we usually are like a four point eighty five
Speaker 3: star rating. I mean that is amazing. Thank you guys.
Speaker 3: Just any little extra nudge you can give us is great.
Speaker 2: Yes, so I just yeah, we're just going to ask that,
Speaker 2: and we're going to ask that every show because we're
Speaker 2: just like, you know, I feel like we show up,
Speaker 2: we show out, and we would love for the people
Speaker 2: that you care about if you love our show, I'm
Speaker 2: sure they would love it too. So yeah, tag us
Speaker 2: Share definitely, tag us Broad Ambition podcast on IG I
Speaker 2: Am the Budgetista.
Speaker 1: Mandy is Mandy with an E money Bless you Child. Yeah.
Speaker 2: I love when you tad because and I always reshare
Speaker 2: it and so it just gives me a little smiley.
Speaker 3: So yeah, Well, thank y'all.
Speaker 1: So how have you been since last week? Since time
Speaker 1: we spoke.
Speaker 3: Last You know what, let me be honest, I think
Speaker 3: I've told y'all about the fact that my husband is
Speaker 3: now going into the office two days a week and
Speaker 3: it has really changed. Well it's changed, you know, two
Speaker 3: days a week. I know I'm not going to have help.
Speaker 3: And it's been a few weeks now, or maybe it's
Speaker 3: been two or three. I don't know. All concept of
Speaker 3: time has like gone out the window. But I do
Speaker 3: feel like I'm doing okay. That being said, clearly, I
Speaker 3: am more tired on those days and I'm not gonna lie,
Speaker 3: I'm a little jealous, Like I'm going back to those
Speaker 3: days of maternity leave when my husband, you know, he
Speaker 3: only had six weeks off for parental leave, so he
Speaker 3: had to go back to work and I was home
Speaker 3: six weeks in alone, didn't have any help because I
Speaker 3: was stubborn and proud and all those things that you
Speaker 3: know you shouldn't be. But what are you going to
Speaker 3: do with your postpartum anxiety brain? But so I am
Speaker 3: a little jealous. I mean I think about him on
Speaker 3: the train, those like forty minutes He gets to think
Speaker 3: whatever he wants to think uninterrupted. Like that just sounds great.
Speaker 3: It sounds like a dream in general, though, Yeah, I'm coping.
Speaker 3: What I've tried to do with my schedule is stack
Speaker 3: most meetings and schedule focus time for myself. Like I
Speaker 3: actually found out through the Outlook. Our company uses Outlook,
Speaker 3: that you can you can create a calendar and you
Speaker 3: can activate this tool that actually finds one to two
Speaker 3: hours of focus time on your calendar and it will
Speaker 3: schedule focus time. So when I look at my calendar,
Speaker 3: no one can book a meeting during that time. And
Speaker 3: I know every day, my handy dandy I don't know
Speaker 3: what do you call it? An algorithm, an AI, a bot?
Speaker 3: My mail bot has carved out time for my schedule,
Speaker 3: which has helped.
Speaker 2: That.
Speaker 3: Being said, you know, I continue to be so grateful
Speaker 3: for the flexibility that my colleagues have offered me, the
Speaker 3: fact that I don't have to worry about having a
Speaker 3: baby in the background, and I can reschedule things, and
Speaker 3: I have, and I hope a lot of you guys
Speaker 3: are out there now have gotten used to asking for
Speaker 3: that flexibility, and you know, you don't feel guilty about it.
Speaker 3: There's nothing like I'm only going to stress myself out
Speaker 3: and get burnt out and not be able to with
Speaker 3: the time that I do have to devote to work,
Speaker 3: not bring my full best self to work if I
Speaker 3: do not take charge of my schedule and make it
Speaker 3: work for me. And yeah, I'm grateful for that. And
Speaker 3: as far as I'm concerned, will we continue without child
Speaker 3: care for the time being, Yes, I will say, though
Speaker 3: I'm grateful that my company's offered a little bit of
Speaker 3: a stipend that I could possibly use for babysitting or
Speaker 3: some childcare. I just don't know if mentally I'm ready
Speaker 3: to have someone in the house holding my child. But yeah,
Speaker 3: we're hanging in there. And to any parents you guys
Speaker 3: are listening to the show, what are you guys doing
Speaker 3: for childcare? What are you doing about school? You know,
Speaker 3: school starting in the fall. We'd love to hear from
Speaker 3: you guys. Hit us up, share your stories. Brannambissionpodcasts at
Speaker 3: gmail dot com or you know, you can always find
Speaker 3: us on Instagram at brown Ambition, at Brownibission Podcasts on
Speaker 3: the Gram.
Speaker 1: I can't even imagine.
Speaker 2: I saw far News, one of our financial faiths, talk
Speaker 2: about like school and she reached she recently moved to Jersey.
Speaker 1: And she's almost a neighbor. I mean, she doesn't live
Speaker 1: in New York.
Speaker 2: But I'm just saying, like where she listen is not
Speaker 2: it's not I mean, Jersey's like, you know, relatively not
Speaker 2: that big.
Speaker 1: So anyway, hey news, Hey, And she.
Speaker 2: Was talking about that that you know, they're trying to debate,
Speaker 2: like I think she decided that they're not going to
Speaker 2: send their kids back to school and she knows that
Speaker 2: everyone doesn't have the ability to do so, and like,
Speaker 2: what do you do? It's just such a crazy time
Speaker 2: because I'm you know, Supergirl is thirteen and she is
Speaker 2: supposed to go to high school? What does that look like?
Speaker 2: And so it's her first year and she's excited, and
Speaker 2: it's like, is that even gonna happen? I honestly don't know.
Speaker 2: It's easier for my nieces and my nephew because they're
Speaker 2: so little.
Speaker 1: They're all under the age of four.
Speaker 2: So one more year home is not a big eat,
Speaker 2: because you know, kindergarten is something that if you don't
Speaker 2: you know, if you don't make it, you know, if
Speaker 2: you don't go to kindergarten, you can still be fine
Speaker 2: for first grade.
Speaker 1: So yeah, it's.
Speaker 2: Just just figuring out. Like watching the parents in my
Speaker 2: life figure that out. I can't even imagine the level
Speaker 2: of stress and worry.
Speaker 3: So well, we are here for you, guys, and alongside
Speaker 3: you guys and TI if you're right, I mean a teenager,
Speaker 3: like the older kids are the ones who are really suffering. Well,
Speaker 3: if you guys are out there, if you have any like,
Speaker 3: what are you guys doing? What are you doing about summercare?
Speaker 3: It's crazy that most of the country, it feels like
Speaker 3: schools have not even made an announcement about what the
Speaker 3: school year is going to look like and that's coming up.
Speaker 3: So if you've got stories again, hit us up Brown
Speaker 3: Ambition at gmail dot com or hit us up on Instagram.
Speaker 3: We are at Branna Bisson podcast on the gram. But anyway,
Speaker 3: what's happening in your world? Tip catch me up?
Speaker 2: Well, I did, like a grown up thing, like this week,
Speaker 2: I increased my life insurance for both my personal But did.
Speaker 1: You always also know that, Like I.
Speaker 2: Were meeting with so for the business, we were like, okay,
Speaker 2: we are not covered enough because the business is doing better.
Speaker 2: So you're always wanting to make sure that you have
Speaker 2: enough insurance just in case for the business.
Speaker 1: And something came up that perhaps me.
Speaker 2: You know, two of my businesses have a business partner
Speaker 2: and just figuring out should we have life insurance on
Speaker 2: each other because we both play a pivotal role in
Speaker 2: the business. So I never thought about that. So we
Speaker 2: met with our agent today. Shout out to you, David Moore,
Speaker 2: so we I think we're going to go through with it.
Speaker 2: And I was actually surprised at the cost. It wasn't
Speaker 2: as costly as I thought. So I'll give you guys
Speaker 2: a like a for three million dollar for me for
Speaker 2: I think you said it was like a twenty years,
Speaker 2: so that means you're locking that way for twenty years.
Speaker 2: It was like sixteen hundred dollars a month, not a
Speaker 2: month a year. So that's not bad at all, right,
Speaker 2: sixteen hundred dollars, So what is that like not a
Speaker 2: little over one hundred bucks a month to get three
Speaker 2: million dollars for the year. So it was actually more.
Speaker 2: I guess I was thinking. I don't know that it
Speaker 2: was going to be significantly more.
Speaker 1: So we're just.
Speaker 2: Looking into that because so if I were not to
Speaker 2: be here that income. So one of the main reasons
Speaker 2: why you would have life insurance on your business partner
Speaker 2: is that it would help if you're going to buy
Speaker 2: out their interest. So let's just say I'm not here,
Speaker 2: my business partner is not trying to be in business
Speaker 2: with my husband. So having, you know, depending on how
Speaker 2: much we decide, having insurance on me means that like,
Speaker 2: once wants that money is you know, received, he can
Speaker 2: potentially say, hey, you know, I had the company audited
Speaker 2: or whatever, and this is how much it's worth, and
Speaker 2: this is how much Tiffany's percentage is worth. I want
Speaker 2: to buy you out, and here's the money.
Speaker 1: To do so.
Speaker 2: So I just like, you know, if you have businesses,
Speaker 2: these are things you think about. You're like, wow, it's
Speaker 2: something that I did, Like is let's just say, I
Speaker 2: don't know. We go going about our business and we
Speaker 2: decide later that we sell the business. In ten years
Speaker 2: and done, dada da, both of us are still alive.
Speaker 2: What's so great is that we can then change the
Speaker 2: beneficiaries on our insurance policy, so it doesn't like go
Speaker 2: to waste, like, oh.
Speaker 1: Well, I don't want that.
Speaker 2: I no longer have the business and my business partner
Speaker 2: is the beneficiary for this insurance policy when we're no
Speaker 2: longer business partners. So it's just something I never thought
Speaker 2: about before, and now that we're doing I'm like, oh,
Speaker 2: I feel so grewn Up's especially since Superman and I
Speaker 2: increased our life insurance policies, like personally, so it was
Speaker 2: my life Angelie, who's my financial planner, that was like,
Speaker 2: you know, also look at your business and make sure
Speaker 2: that you are fully insured.
Speaker 1: There sometimes insurance you think it's going to cost so much.
Speaker 2: Like I remember when Angelae first met my husband and I,
Speaker 2: she's like, you don't have enough of an umbrella policy
Speaker 2: or enough of you're underinsured and I was like, oh,
Speaker 2: what does that mean. She's like, I A would suggest
Speaker 2: you get a million dollar umbrella policy. I was like,
Speaker 2: oh boy, how much is that going to cost? It
Speaker 2: was like four hundred dollars for the year.
Speaker 3: Oh wow.
Speaker 1: I was like, oh weka.
Speaker 2: So you know, sometimes we're afraid of insurance because we
Speaker 2: think it's going to be so costly, But sitting down
Speaker 2: with someone to talk about it is, you know, worst
Speaker 2: thing you can hear is I mean worst case? You know,
Speaker 2: maybe it's something you can't afford right now, but it
Speaker 2: might be more affordable than you think and really save
Speaker 2: you a ton of money in the long run.
Speaker 3: I love saving money. And when it comes to shopping
Speaker 3: for life insurance policy, what's that sight You always mentioned
Speaker 3: policy GENI I love policy genis right, So that was
Speaker 3: one of the ones that I used when I was
Speaker 3: shopping for life insurance policy. And also you have quote Wizard,
Speaker 3: do you have value Penguin? There are plenty of options
Speaker 3: out there to help you compare the cost and really
Speaker 3: know that you're getting the best deal possible because they
Speaker 3: can vary widely. I mean, there's so many factors that
Speaker 3: go into policy differences. But Tiff you know what I
Speaker 3: love about doing this show with you is you have
Speaker 3: the same effect on me as when I see like
Speaker 3: the Kardashians on Instagram or my friends who are traveling
Speaker 3: and rocking the latest clothes and having fabulous lives. Like
Speaker 3: you make me jealous of your life insurance policy and
Speaker 3: I'm like, oh shit, I need to get my stuff
Speaker 3: together and get my life insurance together. I still don't
Speaker 3: have insurance. Really still don't have life insurance. No. It
Speaker 3: was one of my first to dos after I had
Speaker 3: the kiddo, the baby, and I waited until about February
Speaker 3: March when the flog had finally lifted, and I could,
Speaker 3: you know, look at look at different policies. And then
Speaker 3: COVID hit and it's been hard to book an appointment
Speaker 3: and then when I finally had one booked, it was
Speaker 3: canceled last minute, and I haven't had a chance to read.
Speaker 3: I just need to. I think I need to just
Speaker 3: start from scratch and start again.
Speaker 1: You can steal.
Speaker 2: So the good thing is so because of COVID, it
Speaker 2: actually is like a great time that to get a policy,
Speaker 2: so Angelie told me, she said, Angelie was like, this
Speaker 2: is a great time because a lot of people are like,
Speaker 2: I'm not coming out now. It all depends on the company.
Speaker 2: So for example, my business policy, they're like, we're coming out.
Speaker 2: But for the personal policy, the insurance company was like, no,
Speaker 2: we're not coming out. We'll just have a we'll have
Speaker 2: a call where you know, they ask all your business.
Speaker 2: So I was like, oo, who, so it actually, if
Speaker 2: you're interested in life insurance, you know, now might be
Speaker 2: a really great time because there's a lot there's a
Speaker 2: possibility that they don't actually come out.
Speaker 1: To see you.
Speaker 2: And yeah, so I definitely would look into it.
Speaker 3: Now, Okay, one hundred percent. Yeah, I think too. My
Speaker 3: hang up was about cost, and I don't know why
Speaker 3: I didn't just think of it the same way I
Speaker 3: thought about health insurance. When I was talking to my
Speaker 3: financial advisor a couple of years ago. She was trying
Speaker 3: to help me shop for policies, and she was like, yeah,
Speaker 3: it's to cost one hundred whatever per month for this
Speaker 3: or that, and I'm like, wait, I'm going to spend
Speaker 3: money monthly, but like, what if I don't die, that
Speaker 3: just wastes all that money that I spend. And she's like, yeah, Mandy,
Speaker 3: that is how life insurance works. Is how any insurance works.
Speaker 3: You pay so that you're prepared for the worst, but yeah,
Speaker 3: you hope that the worst doesn't happened, but yeah, you
Speaker 3: got to pay. My pet is insured. Like, why don't
Speaker 3: I have a life insurance policy? This is insane. I've
Speaker 3: got to do it.
Speaker 1: You know what it is.
Speaker 2: It starts with an M and it's called marketing. The
Speaker 2: life insurance company people have done an amazing job of
Speaker 2: tricking you into thinking that life insurance is an investment.
Speaker 1: It is not. It's insurance. It is a risk management tool.
Speaker 1: So you don't say to.
Speaker 2: Yourself, oh my god, my cat didn't die, what happens
Speaker 2: to my pet insurance? You rejoice that your fur baby
Speaker 2: is still here.
Speaker 3: Yeah, at this point, I value Molly's life more more
Speaker 3: than my own, I guess.
Speaker 2: Oh Molly, But no, I think that people need to
Speaker 2: understand that there's like, you know, there's term and then
Speaker 2: there's permanent. So typically when you hear permanent, you're thinking, like,
Speaker 2: whole life are universal? And so I asked, Angelie, is
Speaker 2: term is permanent or universal? You know? Ever a good
Speaker 2: idea that's the insurance policy where there's like cash value
Speaker 2: and people say you can bar against it and YadA YadA, YadA,
Speaker 2: and that's the one where it's like it's an investment.
Speaker 2: And I said, is that ever really a good idea?
Speaker 2: She said, honestly, for like ninety nine point nine percent
Speaker 2: of people, it's term. I mean, term is the best
Speaker 2: way to go. She's like, unless you're extremely, extremely extremely wealthy,
Speaker 2: then you have so much excess money that you have
Speaker 2: to stash it somewhere. That's where whole life and universal
Speaker 2: so permanent policies might make sense. But she was like, literally,
Speaker 2: for ninety nine point nine to nine percent of people,
Speaker 2: they just don't make sense. It's a loss of money
Speaker 2: over time. So I actually what I did was I said, well,
Speaker 2: let me see so I think I had. I went
Speaker 2: to policy Genius to check like prices and you can
Speaker 2: do this to see So I type in like thirty
Speaker 2: year old healthy woman for a million dollar policy for
Speaker 2: for term, and I did a thirty year policy thirty
Speaker 2: year term policy, so meaning like for thirty years you
Speaker 2: pay the same amount of money.
Speaker 1: It's locked in. And I want to say, it was
Speaker 1: like I don't even know.
Speaker 2: Maybe it was like uh forty bucks a month, Yes,
Speaker 2: it was forty three dollars a month.
Speaker 1: That's how much for a million dollar policy locked in
Speaker 1: for thirty years.
Speaker 2: Now, that same thirty year old, if they wanted to
Speaker 2: get a whole life policy for a million dollars, it
Speaker 2: was going to cost them seven hundred and sixty thousand
Speaker 2: dollars a month. Seven hundred and sixty. I met seven
Speaker 2: hundred and sixty dollar lot, that's where I met. But
Speaker 2: isn't that crazy the difference of like six ninety so
Speaker 2: almost seven hundred dollars difference, Like that's you know, that's crazy.
Speaker 2: And so instead you can get your term, get your
Speaker 2: term for thirty years, and then that excess money that
Speaker 2: you would think that you would put into whole life
Speaker 2: to I guess in quote unquote invest, you can actually invest.
Speaker 2: So yeah, honestly, there are those who are like whole
Speaker 2: life champions, but truthfully, just after like speaking to a
Speaker 2: bunch of reputable financial advisors and planners, whole Life is
Speaker 2: honestly not It's not a choice that fits for most people,
Speaker 2: meaning literally like everybody except for the uber uber uber wealthy.
Speaker 2: So if you are looking for insurance, term is likely
Speaker 2: your best bet getting enough insurance that if you have
Speaker 2: children that would cover them into adulthood, because ultimately, insurance
Speaker 2: is supposed to be the money that would be shared
Speaker 2: with the folks that you would be taking care of
Speaker 2: taking care of that you're currently taking care of. So like,
Speaker 2: for example, if you had a baby and you're like, Okay,
Speaker 2: I'm going to get a term policy for thirty years
Speaker 2: because if something happened to me, I know that up
Speaker 2: until this child is thirty, the income that I currently have.
Speaker 1: Will be able to support my child when I'm no
Speaker 1: longer here.
Speaker 2: Rule of thumb that Angelie shared with me is that
Speaker 2: for the most part, you think about your annual salary
Speaker 2: and you multiply that times ten, so it's enough for
Speaker 2: ten years of you not being here that the family
Speaker 2: that you take care of will be able to still
Speaker 2: continue with as if your income never went away. So
Speaker 2: if you make one hundred thousand dollars a year, you
Speaker 2: would be looking for a million dollar policy. So yeah,
Speaker 2: so I think that you know, I know, life insurance
Speaker 2: is not a fun thing to talk about, but it's
Speaker 2: really an important component of your financial life and we
Speaker 2: should all have insurance if it makes sense. If you're
Speaker 2: taking care of people and they depend on your income
Speaker 2: or if you would leave behind a significant amount of
Speaker 2: debt that would need to be taken care of, then
Speaker 2: life insurance is likely an option you should look into.
Speaker 3: I love that we just turned this into the life
Speaker 3: insurance episode. Again, there's not a more important topic. So
Speaker 3: hope you guys found this helpful. But let's switch gears
Speaker 3: a little bit because I wanted to talk about what
Speaker 3: is happening when the next round of stimulus payments are
Speaker 3: they coming? What's happening with unemployment benefits? So I'm going
Speaker 3: to catch you all up.
Speaker 1: Yes, yes, yes, yes, like me up.
Speaker 3: Height man, hype man. Yeah, So what's happening is I mean,
Speaker 3: it actually sounds like the folks on Capitol Hill might
Speaker 3: come to some sort of bipartisan agreement. But what's on
Speaker 3: the table right now is stimulus check and or the
Speaker 3: extension of the extra six hundred dollars federal Unemployment Assistant payment.
Speaker 3: So this this hits home for me. As I've told
Speaker 3: you guys, my dad lost his job very early into
Speaker 3: the pandemic into quarantine back in March earlier this year.
Speaker 3: He's a drug bus driver for the public transit system
Speaker 3: in Atlanta, and he was immediately furloughed, and he has
Speaker 3: been really relying on his state unemployment check, but also
Speaker 3: that extra six hundred dollars at the federal government offered
Speaker 3: to the unemployed with the first iterance of the Cares
Speaker 3: Act back in April. So he is about to see
Speaker 3: that extra six hundred dollars go away like millions of
Speaker 3: others at the expires basically the end of this week,
Speaker 3: and right now Congresses just can't decide if they're going
Speaker 3: to extend it or not. But it looks like finally
Speaker 3: Mitch McConnell has come out and said, Okay, maybe we
Speaker 3: don't agree exactly on how we're going to continue offering assistance,
Speaker 3: but they acknowledge that there needs to be some form
Speaker 3: of additional assistance for people, which is good, but of course,
Speaker 3: like conservatives being conservatives, what they don't want is to
Speaker 3: create a situation where people are able to collect with
Speaker 3: the additional federal unemployment assistance more money than they earned
Speaker 3: when they were working. Like God forbid, you give them
Speaker 3: an extra few hundred bucks and they were probably making before.
Speaker 3: And you know, I don't know why they're so you know,
Speaker 3: focusing on that, but you know, they kind of hate
Speaker 3: all forms of social welfare, and they're probably thinking of
Speaker 3: this as a social welfare program because that's what it is.
Speaker 3: We need to help the people anyhow, It's it'll be
Speaker 3: interesting to see what they come up with. I've read
Speaker 3: reports that say it could be three hundred dollars instead
Speaker 3: of six hundred dollars. But hopefully something happens. And if
Speaker 3: y'all ever wanted a reason to contact your local representative
Speaker 3: or your state representative in Congress or Senate, like now
Speaker 3: it's the time to phone them, especially if you're in
Speaker 3: a red state, and let them know that that let
Speaker 3: them know your story, if you have a story to share,
Speaker 3: a story of your neighbor or your cousin or your family,
Speaker 3: let them know that you're a real person, you have
Speaker 3: real stories, and we need this assistance.
Speaker 2: That would be so helpful because I know, like there's
Speaker 2: just so many people who quite honestly need that. And
Speaker 2: so what happens if you're not able to work and
Speaker 2: there's no money coming in and it's not a matter of, oh, well,
Speaker 2: I'll just interview for another job. It's like, well, not
Speaker 2: to say that there are no jobs to be had,
Speaker 2: but it's just such a crazy time I think we
Speaker 2: just can't leave people out here without some sort of
Speaker 2: help on assistance, like COVID is not their fault, pandemic
Speaker 2: quarantine and it's not their faults.
Speaker 3: So yes, please, can we at least agree on that
Speaker 3: that no one saw this coming and it's way more
Speaker 3: than anyone's rainy day fund could ever supplement, especially with
Speaker 3: where we were at financially as a country when this
Speaker 3: all went down. Well, let's take a quick break and
Speaker 3: we will be right back to answer y'all's questions.
Speaker 2: Let's dig into questions quat the questions quate. That's like
Speaker 2: a toun twister, the questions quate. Yeah, yeah, anyway, let's
Speaker 2: do that.
Speaker 3: You're too talented. I can't do that. Not my thing,
Speaker 3: not a thing, not a JM no, all right, be
Speaker 3: right back to answer your question. Okay, let's wait. I'm
Speaker 3: gonna wait. I just said I wasn't gonna say it,
Speaker 3: but I'm gonna try. Let's crack open that question, crate.
Speaker 1: Oh you did it.
Speaker 3: I did it, and I added an extra uh, an
Speaker 3: extra crack to that. Okay, we how can we how
Speaker 3: can they send us a question? I am very tired.
Speaker 3: I need to get it together. Brand and Vision podcast. Yes,
Speaker 3: you can also send M Yes.
Speaker 2: I was cool, look at me tell us what you
Speaker 2: could d M must add Brand and Vision podcast on
Speaker 2: I G. We love those. Yeah, so send your questions
Speaker 2: so see I the co hosting.
Speaker 3: Yeah, that was like the podcast co host version of
Speaker 3: like giving me just a shoulder to lean on as
Speaker 3: you drag me out of a bar or something like that.
Speaker 3: Just help help help me.
Speaker 2: That's it's like the version of like in church, you know,
Speaker 2: when like the little kid is singing and they're all nervous,
Speaker 2: and you're like, go ahead, baby, that's all right, bit,
Speaker 2: go ahead baby, you got it.
Speaker 3: Thank you, thank you, thank you. Well, let's take a
Speaker 3: question from our good old fashioned email. This comes from
Speaker 3: listener named Lauren. She says, Hey, Tip and Mandy, First,
Speaker 3: thank you for all that you do to amplify people
Speaker 3: of color, celebrate us, and address the issues that affect
Speaker 3: us the most. Thank you, Lauren for that feedback. We
Speaker 3: needed that. Lauren says, I was inspired by your show
Speaker 3: to open my first high yield savings account late last year.
Speaker 3: Love all the savings benefits it provides as we work
Speaker 3: toward our savings goals. But since the pandemic hit the US.
Speaker 3: I've seen the interest rate drop down to one percent.
Speaker 3: At what point should I be concerned with how low
Speaker 3: the interest rate is? Is there a point where I
Speaker 3: should remove my savings from that account entirely? Is it
Speaker 3: possible that interest rates can go negative and our high
Speaker 3: yield account will be charged? Thanks for your help, Lauren,
Speaker 3: fair question.
Speaker 1: It is a pant question. I'm not gonna pretending like
Speaker 1: I'm gonna say that would never.
Speaker 2: Happen, because I would have said this, we would never
Speaker 2: be shutting down the country for a number of months.
Speaker 2: But it's still better than what big banks are offering
Speaker 2: your you know, your high interest rate. I'm assuming it's
Speaker 2: probably with the online only bank if it's one percent,
Speaker 2: and it to me this is for those of us oversavers.
Speaker 1: I am raising my hand. I am a I am.
Speaker 2: A habitual oversaver. It is a reminder to not do so.
Speaker 2: So I have my six plus psych I have more
Speaker 2: like nine months. But whatever of savings and anything above that,
Speaker 2: honestly I have been put into work because what this
Speaker 2: really means is that if you have too much save,
Speaker 2: you are losing money.
Speaker 1: Period.
Speaker 2: So that's what it should because you should have savings.
Speaker 2: I mean, I actually have a friend who's like, oh,
Speaker 2: this is all the more reason I shouldn't have any savings.
Speaker 1: I should be putting all my money to work in
Speaker 1: the market.
Speaker 2: And I'm like, so, if something happens, if you lose
Speaker 2: your job, if the car breaks down, if the HVAC
Speaker 2: system goes, what are you going to do? Like, you
Speaker 2: should you have to have some savings if you're able.
Speaker 2: I know not every everyone's able to save at this moment,
Speaker 2: but if you're able to me at minimum six months
Speaker 2: of what I call your noodle budget, your ramen noodle,
Speaker 2: if you had to eat ramen noodle bare bones, essential
Speaker 2: expenses saved, and then anything above that, like you know,
Speaker 2: certainly invest in if it you keep your eye on
Speaker 2: the savings account.
Speaker 1: So if it does become.
Speaker 3: Negative, let's address that. I have some thoughts there. Yeah,
Speaker 3: so this is a real concern. So right now, if
Speaker 3: you haven't been paying attention, the FED has been slashing
Speaker 3: interest rates. This is what happens. I mean, the Fed's
Speaker 3: whole one of its sole purposes is to try to
Speaker 3: bring normalcy stability to the market. So one way they
Speaker 3: do One way they do that is they make the
Speaker 3: cost of borrowing money and lending money. They can make
Speaker 3: it cheaper and more expensive. So when they reduce rates,
Speaker 3: that means as a saver, you can see your interest
Speaker 3: rates in your savings accounts going down. And that's usually
Speaker 3: what happens as the FED lowest rates, which is what
Speaker 3: they have done a couple of times well throughout this
Speaker 3: year so far. They're actually meeting week. There's another FED meeting.
Speaker 3: They meet like every other month, and they make another
Speaker 3: decision and an announcement about rates. Right now, the rate
Speaker 3: is like what is it? Point two five two point five?
Speaker 3: It's super duper low. It's close to zero. And if
Speaker 3: they go negative, which can happen. The question that Lauren
Speaker 3: has is one that probably any logical saver would have,
Speaker 3: which is does that mean that my interest rate's going
Speaker 3: to go negative on my savings account? Logically that would
Speaker 3: make sense, but in reality that isn't likely to happen.
Speaker 3: That doesn't mean that banks will not try to make
Speaker 3: up for that lost revenue in other ways. I mean,
Speaker 3: banks still have to compete for business, and they still
Speaker 3: need our deposits. I don't know if you guys know this,
Speaker 3: but the money that we give banks like they turn around,
Speaker 3: they lend that out like they're packaging those into securities.
Speaker 3: They have all kinds of ways to they need our
Speaker 3: deposits to thrive. So the good news is that when
Speaker 3: they compete, that usually means that rates will stay, Especially
Speaker 3: for online banks that have lower overhead costs, you could
Speaker 3: see rates stay. I mean, even at one percent, that's
Speaker 3: still ten times more than me and many times more
Speaker 3: than what you're gonna get from a brick and mortar
Speaker 3: a big bank. So one percent is nothing to sneeze at.
Speaker 3: I know, it's not the two percent that we were
Speaker 3: at before and sometimes higher, but it's still decent. It's
Speaker 3: still very decent compared to traditional banks what you may see.
Speaker 3: So it's very unlikely that banks will go negative, which
Speaker 3: means like you'll owe the bank money for saving your money,
Speaker 3: which is just dumb. That being said, you might see
Speaker 3: banks try to add fees or just get rid of
Speaker 3: interest on savings accounts altogether. They've already done this on
Speaker 3: checking accounts for the for the most part. You know,
Speaker 3: if banks were offering any interest on checking accounts before
Speaker 3: of rates have been lowered, it's very likely that they
Speaker 3: have reduced it down to nothing. Or just eliminated it
Speaker 3: all together, and they might continue adding fees or creating
Speaker 3: new fees, so you should certainly pay attention and see
Speaker 3: how your bank changes the cost of the various accounts
Speaker 3: you have. The good news is that there are sites
Speaker 3: you know, we can do another shout out for Magnified Money,
Speaker 3: which company that I uh currently well, I used to
Speaker 3: work for with and liney Tree required them, but there's
Speaker 3: still there's still our family still do content for them.
Speaker 3: So Magnified Money is a great place if you want
Speaker 3: to compare savings accounts or compare any kind of deposit accounts.
Speaker 3: There are still a lot of businesses out there competing
Speaker 3: for your business, and you should feel completely empowered to
Speaker 3: continue shopping finding a bank that's not going to charge
Speaker 3: your fees where you're making the best possible return on
Speaker 3: your savings as possible. That was a lot. Did that
Speaker 3: make sense you? No?
Speaker 1: It did totally?
Speaker 2: Okay, basically like, leave your money alone, girls, for the
Speaker 2: most part, it's going to be fine.
Speaker 1: But don't oversave.
Speaker 3: Yeah, don't oversave. It's good to save. I mean at
Speaker 3: a time like this, people who you know have that
Speaker 3: liqu have it's just it it it underlines the importance
Speaker 3: of having those cash reserves. This is money that it
Speaker 3: is your safety net for a reason. It's not the
Speaker 3: money you have in stocks or you know, in the
Speaker 3: market that's for long term goals. That's the money that
Speaker 3: you're okay with dealing with hefty swings in the market
Speaker 3: like we're having right now. And you should feel okay
Speaker 3: because you know, I've got my cushion. I've got my
Speaker 3: money and my savings, my FDI insured savings. If the
Speaker 3: bottom falls out, I'll get up to two hundred and
Speaker 3: fifty thousand dollars per account.
Speaker 1: I'm covered. You know.
Speaker 3: This is the importance of that. And that being said,
Speaker 3: like Tiffany added, you don't want to oversave, but if
Speaker 3: you are saving, I wouldn't. Don't obsess too much over
Speaker 3: the fact that rates are going down, but do keep
Speaker 3: tabs on things, you know, check the news alerts. Next week,
Speaker 3: we'll see what the Fed does. I don't think they're
Speaker 3: expected to move anything or do anything drastic, but see
Speaker 3: what the Fed does and see what your bank does
Speaker 3: in return, and make your next move based on that.
Speaker 3: Thank you, Lauren for your question. Let's take another one.
Speaker 3: Let's see and thank you for the love as well.
Speaker 3: Put that in a comment on iTunes while you're at it.
Speaker 3: All right, let's see. Oh here's a good one.
Speaker 1: All right.
Speaker 3: This comes from a listener who'd like to remain anonymous,
Speaker 3: so we'll call her Holly. Holly says, hi, ladies. I've
Speaker 3: been working in the retirement plan industry for a year
Speaker 3: and a half. My boss has recently offered to pay
Speaker 3: for a certification program which will help me move up
Speaker 3: in my career. This is a great opportunity. The problem
Speaker 3: is that I have no interest in this industry. I
Speaker 3: don't feel like I can turn down the certification program
Speaker 3: because then my boss will know I don't plan on
Speaker 3: staying with the company. My plan has been to look
Speaker 3: for a new job after my two year mark. But
Speaker 3: moving up in my career here would move me away
Speaker 3: from my ADMIN position, which I hate. Also, it would
Speaker 3: be a good backup to have these credentials. Census industry
Speaker 3: is always hiring. But again, I feel guilty if I
Speaker 3: get the credentials and then dip. This has happened in
Speaker 3: my company before, where employees have my boss pay for
Speaker 3: their education and then leave to a larger company with
Speaker 3: better benefits. How do I balance wanting to do the
Speaker 3: best for me and the guilt of feeling like I'm
Speaker 3: taking advantage slash misleading my current company. Ooh girl, okay.
Speaker 1: oOoOO, this is a juicy one. Let's say, man like,
Speaker 1: this is not my Willhayes right.
Speaker 3: Well, I do know, speaking from experience, that it became
Speaker 3: common practice for you know, relatively big companies to offer
Speaker 3: some form of tuition, reimbursement or reimbursement for education continuing education.
Speaker 3: It's one way of investing in your employees, just period
Speaker 3: paragraph investing in your employees. And it's also a way
Speaker 3: to for your own business needs, you know, create more
Speaker 3: talented employees in house versus having to go out and
Speaker 3: poach people and hire and that all takes you know,
Speaker 3: a lot of time. That being said, I would check
Speaker 3: what there's always there. There's usually strings attached with that money. Anyway.
Speaker 3: They may some some policies say we will reimburse you
Speaker 3: for tuition, but you need to stay with the company
Speaker 3: for a year or two years. They will have a
Speaker 3: quid pro quo. So I would check the fine print
Speaker 3: and if they have something there, then that's your I mean,
Speaker 3: that's your true reason for not wanting to sign up
Speaker 3: because it could be that if you were to leave
Speaker 3: within a year, like you say that you might, you
Speaker 3: may owe that money back to them, So it would
Speaker 3: be in your best financial interest not to take that.
Speaker 3: I as a hiring manager, and you say you're in
Speaker 3: an admin role. I actually have someone on my team
Speaker 3: who's an editorial assistant, and I don't know if she
Speaker 3: listens or not, but I love just giving her unsolicted
Speaker 3: career advice. And I like, I'm I as a hiring manager,
Speaker 3: I know this is a role that you're gonna You
Speaker 3: can be the EA forever. You can be the admin
Speaker 3: and be great at your job, or you can decide
Speaker 3: that you want to move into a different path. And
Speaker 3: we're actually having career path in conversations right now, and
Speaker 3: she and I are quite honest with each other. I'm like,
Speaker 3: you know, you probably don't want to be the assistant forever.
Speaker 3: You're great at your job, but like, start thinking about
Speaker 3: what else you want to do. And I think your
Speaker 3: boss should be having those conversations with you. And I
Speaker 3: think that you should feel comfortable telling your boss, Hey,
Speaker 3: this is an admin role. I've I and I've been
Speaker 3: in it for a year and just be honest with them.
Speaker 1: It's almost you.
Speaker 3: You gauge it based on your relationship in the company culture.
Speaker 3: I feel fortunate to work in a place where I
Speaker 3: think you can be honest like that. Hey, I at
Speaker 3: least as your hiring manager, I will know in advance. Oh,
Speaker 3: probably in the next year. I need to think about
Speaker 3: what I'll do when so and so moves on, or
Speaker 3: I can even better help find her a spot at
Speaker 3: the company so that she's still here and still thriving
Speaker 3: and she gets what she needs and then you know,
Speaker 3: I can replace her hopefully. That's my approach to it.
Speaker 3: You know your boss and your company better than anyone,
Speaker 3: so I would say feel it out. But ultimately, yeah,
Speaker 3: especially if there's some kind of clause we have to
Speaker 3: pay that money back, I don't know that I would
Speaker 3: jump at that opportunity and trust your gut. If your
Speaker 3: gut's telling you this feels icky to take the money
Speaker 3: and especially waste your time, if you're not going to
Speaker 3: stay in the industry you're in, then just don't do it.
Speaker 3: Just don't do it.
Speaker 2: I'm going to lean into that, like you know, that
Speaker 2: genius zone. It's like, it's do you really want to. I
Speaker 2: don't know how long it takes to get that certification,
Speaker 2: but do you really want to spend that time and
Speaker 2: energy into getting something that you're just not.
Speaker 1: It's just going to be.
Speaker 2: Time away from the things that could edify you know,
Speaker 2: whatever your goals and your dreams are. So yeah, I
Speaker 2: mean your loyalty really lies with yourself, Like what is
Speaker 2: it that you know your ultimate goal and how does
Speaker 2: this play a role?
Speaker 1: And that I get it and you're like, oh, my.
Speaker 2: Boss is gonna know I kind of want to to
Speaker 2: keep my hand close to my best. But it doesn't
Speaker 2: mean that your boss is going to know that you
Speaker 2: want to leave. It's just that you're not interested in
Speaker 2: that particular path. That's all your boss would know. And
Speaker 2: you can make that clear that it's not like, oh,
Speaker 2: you know that that doesn't necessarily mean that you're wanting
Speaker 2: to leave, even if that's your plan. It just means
Speaker 2: that that's not a career path that you're interested in.
Speaker 2: You are allowed to choose your career path. Yeah, So
Speaker 2: don't be afraid of that because that happens all the time.
Speaker 2: Just myself as an owner of a company that there
Speaker 2: are times when I've offered people different roles and positions,
Speaker 2: and they've said no because I've I try to create
Speaker 2: an environment where I'm like, you know, is this something
Speaker 2: you're interested in? We have an opening and they're like, yeah,
Speaker 2: finally something I'm interested in. But to me, that's not
Speaker 2: an indication that they don't want to stay here. It's
Speaker 2: just that that's not the direction they want to go in.
Speaker 2: And honestly, I don't want anyone to work in a
Speaker 2: capacity that doesn't interest or excite them.
Speaker 1: I always say, like, our rule is that everyone deserves
Speaker 1: to work joyfully.
Speaker 2: So that might not be your boss's philosophy, but just
Speaker 2: know that saying no to a specific direction doesn't mean
Speaker 2: that your boss has to think that you're trying to
Speaker 2: quit anytime soon. It just means you don't want to
Speaker 2: waste your time doing something you're not going to enjoy.
Speaker 3: Yeah, and I would just thank them profusely for leaning
Speaker 3: into you, offering to invest. You know, think it through.
Speaker 3: Maybe there's an alternative type of certification that might get
Speaker 3: you to where you want to be but could also
Speaker 3: be helpful for your job. Now. I don't know what
Speaker 3: other career path you're considering, but yeah, just think it through.
Speaker 3: And don't don't sweat it so much, you know, don't
Speaker 3: don't sweat it too much. Just be truthful and honest
Speaker 3: and honestly. I think that they'll appreciate it. All right,
Speaker 3: what did I say? I was calling her Holley? Okay,
Speaker 3: thank you Holly for your question. For again, you guys
Speaker 3: reach out to us with your questions Brannibision Podcast at
Speaker 3: gmail dot com or you can hit us up on
Speaker 3: the ground. Where are at Brannibishion Podcast.
Speaker 1: And now it's time for Boost to break for all
Speaker 1: I know is gonna lose?
Speaker 2: Is you gonna wait?
Speaker 1: What you're gonna do? Mandy?
Speaker 2: Well, real quick, can I just take a business break?
Speaker 2: Something I learned something really quick. I thought that would
Speaker 2: be great because I feel like you guys are absolutely yeah.
Speaker 2: So something I learned not last week, but a week
Speaker 2: before last. Y'all know that I'm doing business coaching and
Speaker 2: it's been going excellente And something that I learned that's,
Speaker 2: you know, not the dramatics of my normal like I
Speaker 2: have to do better on the inside, just something. Uh So,
Speaker 2: there is a phrase that signed my business coach and
Speaker 2: his team say all the time, which is don't solve
Speaker 2: the same problem twice. And what that means is he
Speaker 2: said that whenever you're solving a problem, think about scale.
Speaker 2: Think about not just solving the problem for the immediate need,
Speaker 2: but will this solve the problem for three times the
Speaker 2: amount of volume or change or whatever. So I'll give
Speaker 2: you an example. There are forty thousand members of my
Speaker 2: Literature Academy, and we're like, oh, there's some things we
Speaker 2: want to fix. And so last year we revamped the
Speaker 2: Liverature Academy website and now we're back again because last
Speaker 2: year there were twenty thousand students, so we're now double.
Speaker 2: So we're solving the same problem twice because last year
Speaker 2: we solved for twenty thousand, not for sixty, not for
Speaker 2: three times the amount. And I was like, oh, so
Speaker 2: even now that we're trying to solve the issues that
Speaker 2: we're having, and they're not bad issues. It's just said,
Speaker 2: as you grow, and you know.
Speaker 1: Things break as you grow. It's like outgrowing your clothes.
Speaker 1: It's natural.
Speaker 2: So now I'm mindful that we're not solving the problem
Speaker 2: for forty thousand members. We need to solve the problem
Speaker 2: for will this solution help when we have one hundred
Speaker 2: and twenty thousand members because that's forty thousand times three.
Speaker 2: So that gives you the space that you're not solving
Speaker 2: the same problem over and over and over and over again.
Speaker 2: And so I just want you to think about that. Like,
Speaker 2: my sister is doing pr work now. She's doing an
Speaker 2: amazing job, and she's got I think she's got five clients,
Speaker 2: and she was trying to choose some platform or something
Speaker 2: that she wanted to use. And I told her that
Speaker 2: and she said that was so helpful because I was
Speaker 2: going to get a platform for the next two or
Speaker 2: three clients that would fit that. But she's like, now
Speaker 2: I'm looking at a platform that would allow me to
Speaker 2: grow to fifteen. That way, she's not back added two
Speaker 2: clients later, which might be in another month, and then
Speaker 2: there's a level of stress involved. So just keep that
Speaker 2: in mind and all that you do that if whatever
Speaker 2: you're doing was multiplied times three or multiplied times ten,
Speaker 2: you know, does what I like to start with three?
Speaker 2: Because set is like a lot right now? It depends
Speaker 2: how fast you're growing, for those are the two core numbers.
Speaker 2: If that problem is multiplied, especially times three, does this
Speaker 2: solution solve that problem as well? It's like and not
Speaker 2: to say problem, because sometimes it's just growth, you know,
Speaker 2: like if like, for example, the way the site navigates
Speaker 2: or the platform that we're using for our community, like
Speaker 2: you know, if we're gonna switch, will the switch manage
Speaker 2: one hundred and twenty thousand people?
Speaker 1: So it's just been really helpful, Like oh.
Speaker 2: And so his team was like, you really want to
Speaker 2: make that part of your company culture that everyone is
Speaker 2: thinking that way Logan our content managers thinking. I was
Speaker 2: just talking to her today because there's so I'm getting
Speaker 2: so many like awesome media hits right like New York Times,
Speaker 2: Wall Street Journal, Cosmo, And so it's like she's managing.
Speaker 1: How do we post them? What do we post in
Speaker 1: what way?
Speaker 2: And I said, well, as you figure out a system,
Speaker 2: think about the system if I was getting three times
Speaker 2: the amount of hits, And she was like, got it.
Speaker 2: So same thing with Tamer who's our manager for the
Speaker 2: Literature Academy. She's thinking about that as it relates to
Speaker 2: our audience or thinking about like I don't know, like
Speaker 2: I'm trying to think with somebody if you had if
Speaker 2: you were baking three times the amount of pizzas, if
Speaker 2: you were hiring three times the amount of people or
Speaker 2: whatever that might look like.
Speaker 1: I just think it's a really great tool. So you're
Speaker 1: not constantly.
Speaker 2: Fixing, fixing fixing the thing, you're not putting on temporary bandages.
Speaker 2: You're actually creating solutions. And so that was just a
Speaker 2: really good lesson that I learned that I want to
Speaker 2: pass on to y'all.
Speaker 3: I love it. That's kind of like thinking big and
Speaker 3: thinking growth. I imagine the other side of that is
Speaker 3: you don't want to be too big. It's like, yes,
Speaker 3: I always think about that show The Profit when they
Speaker 3: go to like and like a home cook has like
Speaker 3: rented out in an industrial, huge kitchen, and he's like,
Speaker 3: what do you need this for? So there's like you
Speaker 3: don want to go to extreme, like don't buy you
Speaker 3: know whatever.
Speaker 1: But I get it.
Speaker 2: But that's why that times three is such a good
Speaker 2: amount because times three is actually not that huge, you know.
Speaker 1: But you're right, like if you're a home.
Speaker 2: Cook, but let's just say you're cooking, I don't know,
Speaker 2: five dinners a week, cooking fifteen.
Speaker 1: Is not some crazy amount.
Speaker 2: It's like, oh, okay, well what would I do if
Speaker 2: I had fifteen people to cook for?
Speaker 1: You know?
Speaker 2: What would that look like so yeah, so yeah, But
Speaker 2: to your point, yes, you definitely don't want to be
Speaker 2: solving for like one hundred x because there are people
Speaker 2: who are like that. You're like, well, that's great one day,
Speaker 2: but you're not there yet. Let's just think of three
Speaker 2: and potentially ten if you are rapidly growing.
Speaker 3: Yeah, that's great. Love a little nuggets, freebie nuggets and Tiffany's.
Speaker 1: Executive my sevenev.
Speaker 3: Y'all go little free nuggetsuggets.
Speaker 2: But yeah, so are you gonna boost or are you
Speaker 2: going to break?
Speaker 3: I have a special boost and I have a preview
Speaker 3: for an upcoming episode. I'm hoping next week or the
Speaker 3: week after and we'll have this this fat, this fantastic
Speaker 3: couple on the show. I'm super excited, Tiffany, you actually
Speaker 3: connected me to them. They're Christina and Aman and they
Speaker 3: there there.
Speaker 1: What do we call it?
Speaker 3: Their brand is called Our Rich Journey. They're on YouTube,
Speaker 3: They're on Instagram. They are just incredible people. But I
Speaker 3: have to say, wait, and this is a little insight
Speaker 3: into how the show happens. You guys know, we don't
Speaker 3: have guests very often. When we do, I usually will
Speaker 3: do an interview with them just to see you know,
Speaker 3: what can we talk about? Are they conversational's the vibe good,
Speaker 3: et cetera. So when Tiffany kicked me Christina's contact info,
Speaker 3: I quickly set up a call. I didn't put much
Speaker 3: thought into which day I set it up. I was
Speaker 3: just like, oh, I have a half hour here, we'll
Speaker 3: do it. Then the day of the call comes around
Speaker 3: and Christina and I haven't had you know, so much
Speaker 3: has been going on since the pandemic. Y'all know, baby
Speaker 3: at home working full time. Podcast life is nuts. There's
Speaker 3: just you know, we're we're all in this grind together.
Speaker 3: So anyhow, the conversation rolls around, I haven't had time
Speaker 3: to actually do my do my homework, which is check
Speaker 3: into their YouTube prof YouTube their YouTube channel. I hadn't
Speaker 3: seen it yet, find out what they're all about. So
Speaker 3: so I hop on the phone with her cold and
Speaker 3: I we had the conversation, and I left the phone
Speaker 3: call thinking, Okay, I'm going to have to check out
Speaker 3: their YouTube channel and think a little bit more about
Speaker 3: you know, what could we talk about with them for
Speaker 3: you guys, because I see some potential here, but I'm
Speaker 3: not not still super sure on the angle. But honestly
Speaker 3: in my mind on my side of things, I had
Speaker 3: the baby. We'll go from a nap half with you.
Speaker 3: The call. I had to grab the baby. It was
Speaker 3: the end of the day. It was this insane day.
Speaker 3: It was also one of the days that my husband
Speaker 3: was going into Manhattan, so I was on my own
Speaker 3: and it was just not the right It was not
Speaker 3: the right time for that phone call. Anyhow, weekend goes by,
Speaker 3: I look at their channel. I am in love. I
Speaker 3: have learned so much. You guys have got to go
Speaker 3: subscribe to our Our Rich or sorry, our yeah, our
Speaker 3: Rich Journey on YouTube. Have you watched Tiffany. Have you
Speaker 3: watched it? No?
Speaker 2: But it's so funny because today I was talking to
Speaker 2: my COO and she was talking about, oh my god,
Speaker 2: I love this couple, Our Rich Journey, and I'm like,
Speaker 2: oh my gosh, they're gonna be on the podcast, and
Speaker 2: she like fell out.
Speaker 1: So it's just it all comes like full circle.
Speaker 3: So it's just so funny because it almost didn't happen, Tiffany,
Speaker 3: they almost did not join. So this is what I
Speaker 3: got all excited this weekend and I emailed here, Christina,
Speaker 3: I'm like, listen, I Finally, I spent like hours watching
Speaker 3: your show. Love you guys. Here's what I think the
Speaker 3: show should be. Christina, and I give her so much
Speaker 3: credit for this. She sent me an email back and
Speaker 3: she said, listen, I don't think I want to be
Speaker 3: on the show. Honestly, when I was talking to you,
Speaker 3: you didn't seem very interested in hearing interested in having us.
Speaker 1: On the show.
Speaker 3: You seem disengaged. And she just gave me really direct
Speaker 3: feedback on that conversation. And immediately, like my response was,
Speaker 3: wait a second, I need to tell her what No,
Speaker 3: I need to explain to her where I was at
Speaker 3: on my side of things that day. So and I
Speaker 3: just want to I want to give a boost to
Speaker 3: Christina because she gave me a chance to explain my
Speaker 3: side of the story and I and she was like,
Speaker 3: I genuinely responded to her, and I first of all,
Speaker 3: I said, thank you for the feedback. I said, this
Speaker 3: is a feedback I needed. I am realized I'm at
Speaker 3: the I am four or five months into this quarantine.
Speaker 3: I am starting to get burnt out. Some days I
Speaker 3: feel like hot, stinking piles of garbage, and some days
Speaker 3: I feel like I've rockstar. I apologize because you were
Speaker 3: on the receiving end of a garbage day for me,
Speaker 3: and that bad energy came through. And I imagine that
Speaker 3: a lot of us are out there and you feel
Speaker 3: these days and you just are not bringing your best
Speaker 3: self to the table because there's just nothing left anyhow.
Speaker 3: So I didn't think that she was considering my side,
Speaker 3: but I just told her. I just poured my heart out.
Speaker 3: I was like, listen, I want you to know that
Speaker 3: that was just a bad day. I can only apologize
Speaker 3: for how I made you feel. I've said this in
Speaker 3: the show a million times. I quote you know, you
Speaker 3: can never change. People don't remember what you say, but
Speaker 3: they remember how you make them feel. I made her
Speaker 3: feel badly. I apologize for that, and I told her basically,
Speaker 3: give me another chance. Please give me a chance. And
Speaker 3: then she emailed me back right away. And mind you,
Speaker 3: she's in port I'm here in New York. We're in
Speaker 3: different time zones. And by the time we had like
Speaker 3: our third email, we were both crying. I'm like, Christina,
Speaker 3: why am I crying? Because she's like a mom of
Speaker 3: two children and anyway, so I just wanted to give
Speaker 3: a boost for if you have like giving someone the
Speaker 3: benefit of the doubt and to be honest, Christina's email
Speaker 3: was meant was not intended to like. It wasn't like
Speaker 3: she was asking me to tell her what happened it was.
Speaker 3: But at the same time, her giving me that feedback,
Speaker 3: even though it was not, in her mind an open
Speaker 3: door for me to like. She didn't think I was
Speaker 3: ever going to respond. She thought I would just see
Speaker 3: that and just be like, oh shit, Okay, well that
Speaker 3: woman's done with me. But I saw that as an
Speaker 3: opportunity to I saw an opportunity to tell my story
Speaker 3: and to see if she would be willing to hear it.
Speaker 3: And she was, And I knew we would get along
Speaker 3: because I had spent the whole weekend watching her channel
Speaker 3: and I love her, and I was like, you are
Speaker 3: gonna be my friend, Christina, and we have so much
Speaker 3: to talk about. You need to get over this real quick,
Speaker 3: because we had things to talk about. So anyway, Christina
Speaker 3: and I talked today. Everything is good. I share that
Speaker 3: example because I think if you if you've had a
Speaker 3: poor interaction with someone, it is it can it's it's
Speaker 3: an act of generosity to give them that feedback and
Speaker 3: see what they do with it, and maybe you'll learn
Speaker 3: something about them that you didn't know that makes you
Speaker 3: rethink that interaction as well, because I think that's what happened.
Speaker 3: I'm not trying to put words in Christina's mouth, but
Speaker 3: I think that she hadn't really put herself in my shoes,
Speaker 3: and to be fair, I didn't give her a chance to.
Speaker 3: I just was it was just she just caught me
Speaker 3: on that bad moment and that was it anyway. So
Speaker 3: I love that we were able to see each other's side,
Speaker 3: and it just I wish there was more of that
Speaker 3: happening in this world right now. I feel proud of
Speaker 3: both of us for how we handled it. And I
Speaker 3: already told her like, we're besties now because we've already
Speaker 3: had our first friend fight.
Speaker 1: I love that and I love this. She was like,
Speaker 1: really direct because I'm not gonna lie that. You know.
Speaker 2: I am still working on having the honest conversations. And
Speaker 2: I guess my my mind is going to be more
Speaker 2: of a break because I had not something similar but
Speaker 2: it didn't work out as well. But I felt well,
Speaker 2: I felt I guess semi proud of myself how I
Speaker 2: handled it. There was a professional I don't want to
Speaker 2: say friend. But somebody that I kind of know introduced
Speaker 2: me to somebody via email was like, Hey, this is
Speaker 2: my colleague.
Speaker 1: Such and touch and she wanted to connect with you.
Speaker 2: So that was kind of like number one, which is
Speaker 2: like I make it a habit not to connect people
Speaker 2: without the pre tap on the shoulder, you know, because
Speaker 2: I don't know if you're available, if you're free, if
Speaker 2: you or whatever. It's like the equivalent of when you
Speaker 2: were a kid and you brought your friend to the car,
Speaker 2: You're like, Mom, can you have my friend home? Meanwhile
Speaker 2: the friend is standing looking.
Speaker 3: What going to say?
Speaker 1: And so that's what that looks like.
Speaker 2: Just so you know, like when you're introducing people, please
Speaker 2: reach out to the person first to make sure it's okay.
Speaker 1: And so that.
Speaker 2: Happened, and I was like, oh, okay, fine, you know,
Speaker 2: so it was presented that it was like the woman
Speaker 2: who I was being introduced to had something that she
Speaker 2: created that would you know, potentially be something a good
Speaker 2: resource for my audience. And so we got on the
Speaker 2: phone connected and you know, I was just sharing kind
Speaker 2: of like what how I built my company for like
Speaker 2: about a good hour because I always like to see
Speaker 2: other women, especially black women, do well. And I was like, oh,
Speaker 2: this was good. And then she asked for additional access
Speaker 2: and I was like.
Speaker 1: Wait what.
Speaker 2: I just spent an hour on the phone and I
Speaker 2: didn't do what Zion always tells me to do, which
Speaker 2: is to draw boundaries. And I was kind of like, okay, well,
Speaker 2: how about it this way? And it was like, no,
Speaker 2: I'd like to access. I'm trying to be vague enough
Speaker 2: so I'm not identifying. No, I'd like access in this way.
Speaker 2: So she was clear, but I was not clear, and
Speaker 2: I was.
Speaker 1: Just like, uh, maybe.
Speaker 2: So she connected with my AD and again got on
Speaker 2: my calendar again, and I thought it was all good.
Speaker 2: And then she reached out to my admin about continued
Speaker 2: mentor like a mentorship and I was so confused because
Speaker 2: my admin was like, are you.
Speaker 3: She sign you up for a mentorship program?
Speaker 1: What I tell you about your Mandy?
Speaker 2: I was so confused because we have you know, we
Speaker 2: have that mentorship program which we have not enacted yet,
Speaker 2: so I know some of you emailed me.
Speaker 1: It's just been so crazy. Where I said, remember I
Speaker 1: was going to do and I still am going to
Speaker 1: do this.
Speaker 2: We're one one team meeting, one lead team meeting a
Speaker 2: month that we're going to donate to helping a black
Speaker 2: woman in business, like just like an hour and a
Speaker 2: half kind of like crash mentor like hour with someone.
Speaker 2: So we haven't started that yet, so I thought that's
Speaker 2: what she was talking about. And I was like, oh,
Speaker 2: well that hasn't started JET and we kind of already
Speaker 2: have a waiting list, but you're welcome to join.
Speaker 1: This is my admin writing.
Speaker 2: Her, and she was like, no, I'm talking about like
Speaker 2: like you know, putting me on her calendar again. And
Speaker 2: she's like you're on her calendar for this later date.
Speaker 2: She's like, yeah, no again, So why I tell you flabbergasted?
Speaker 2: And I guess she got so frustrated because my admin
Speaker 2: couldn't understand how you want to be booked for a
Speaker 2: third calendar event when the second one hadn't even happened,
Speaker 2: and she's offering you mentorship in a way that is
Speaker 2: like appropriate, and so she the woman went back it
Speaker 2: was like, hey, obviously Tiffany is not interested in growing
Speaker 2: through partnership, you can go ahead and cancel that appointment.
Speaker 1: So now I, oh god, I know.
Speaker 2: And honestly, Zion was like, so she canceled the appointment.
Speaker 2: I was like, he said, you don't get any points
Speaker 2: for that. I'm like, ah, man, he said, Tiffany, that's
Speaker 2: wildly inappropriate. It's okay to draw a boundary and say, hey,
Speaker 2: I don't have the capacity.
Speaker 1: You know.
Speaker 2: He said, you gave for an hour. He said, did
Speaker 2: you write the initial person back? And I did, and
Speaker 2: which normally wouldn't have been me. I was proud of that.
Speaker 2: I wrote her back and said, hey, that this interaction
Speaker 2: didn't work out, and that there was an expectation that
Speaker 2: I wasn't able to meet. So it was met with resentment,
Speaker 2: which was quite honestly disheartening, because you know, I work
Speaker 2: a lot. I'm already overextended, and I tried to extend
Speaker 2: myself further but it wasn't enough. And the only thing
Speaker 2: I was mad at myself is that I apologize at
Speaker 2: the and I was like, I'm apologized I didn't work out,
Speaker 2: Like why are you apologize? You didn't do anything wrong?
Speaker 2: But whatever, I'm still learning. So I wrote her that
Speaker 2: and I just so, oh, in the future, if you
Speaker 2: ever want to connect me with somebody, I would appreciate
Speaker 2: like a courtesy pre email to see so I can
Speaker 2: gauge ahead of time if I have the capacity, And
Speaker 2: so she wore me back right away.
Speaker 1: It was like, oh my goodness, I'm so sorry that
Speaker 1: this person.
Speaker 3: Oh so you emailed the person who connected you to
Speaker 3: this woman without your consent because she was complicit in
Speaker 3: the situation.
Speaker 2: Yes, because also too, I wanted that. I'm sure that
Speaker 2: if said person could the one who wanted me to
Speaker 2: mentor her could be this aggressive via email. I can
Speaker 2: only assume that she was going to go back to
Speaker 2: our mutual person and drag me, you know. So I
Speaker 2: wanted to not drag her, but to be clear, and
Speaker 2: I didn't, you know, drag her, but I was clear
Speaker 2: that you know that it was you know, it was
Speaker 2: her behavior basically was inappropriate. And so she went back,
Speaker 2: was like, I'm so sorry that when she approached me
Speaker 2: to connect with you, it was not in the mentorship capacity.
Speaker 2: It was because she has this awesome resource and thought
Speaker 2: that it could be a partnership. But I see that
Speaker 2: that was not so so because that was not her intent. Obviously,
Speaker 2: that was her way in to think that she was
Speaker 2: going to force mentorship on me, and literally nothing could
Speaker 2: be more out of alignment. You cannot force someone to
Speaker 2: mentor you. You cannot force your way under someone's calendar.
Speaker 2: So if you're wanting mentorship from someone, typically it's more
Speaker 2: of an organic relationship that you build over time, and
Speaker 2: you know, because there's like you know, there's like a
Speaker 2: friendship there almost. So I have two hardcoret mentees that
Speaker 2: I speak too quite regularly, and I have some like
Speaker 2: about three loose mentees and it's really like, like, you know,
Speaker 2: we just started talking and I really liked them, and
Speaker 2: I would pour into them and I would see action taken.
Speaker 1: So it made me poor even more.
Speaker 2: And so now we talk fairly regularly, especially one mentor
Speaker 2: we talk I would say sometimes once a week, sometimes more.
Speaker 2: So I don't mind mentoring, but it would it would
Speaker 2: have to be in alignment, and it's certainly not like
Speaker 2: you know, twisting my arm behind my back. So yeah,
Speaker 2: that was like my brown break about making sure. One
Speaker 2: of the things that Zion says is clear. It's kind
Speaker 2: so if you're wanting something, being clear one in your
Speaker 2: boundaries if you're not wanting something, but also being clear
Speaker 2: in if you're wanting something, so someone can decide up
Speaker 2: front if if it's going to be a fit for them,
Speaker 2: because clear truly is kind and so yeah, I just thought, like,
Speaker 2: so that's my brown boost of like, you know, people
Speaker 2: being gangster in my email trying to demand time.
Speaker 1: I just couldn't believe it. I'm like, is she is
Speaker 1: she quitting me? Okay?
Speaker 2: Yeah, yeah, I.
Speaker 3: Think that's it's just a different. Yeah, it's slightly different.
Speaker 3: And I think in that case, you definitely made the
Speaker 3: right move by reaching out to the connect the one
Speaker 3: who connected you guys, versus sending something snarky back to
Speaker 3: that woman. I don't know. I told Christina, I was like,
Speaker 3: five years ago, what would I have done in response
Speaker 3: to that email? I can't tell you. But I am
Speaker 3: proud that I am open enough to criticism myself. I
Speaker 3: know I'm not perfect. I know every interaction I have.
Speaker 3: I am not a winning star. I told Christina, like,
Speaker 3: there's sometimes I drag myself to brown ambition, and then
Speaker 3: Tiffany levels me up, and I level up because of
Speaker 3: tiff and we bounce off each other and I become
Speaker 3: the better version of myself. And I think, especially in
Speaker 3: these times, in these circumstances, people are being tested in
Speaker 3: ways they have never been tested before. And I consider
Speaker 3: myself to be extremely resilient, very resourceful of badass work
Speaker 3: in Mama. Okay, but even I can be burnt out
Speaker 3: and not be my best self. And if you're in
Speaker 3: a situation where maybe someone wasn't all there, I would say,
Speaker 3: and I'm trying to do this too, to you know,
Speaker 3: give them the benefit of doubt, ask them if they're okay.
Speaker 3: Like you know, we all just need more to treat
Speaker 3: each other, like you know, from a place of humanity,
Speaker 3: in a place of generosity. And I think you can
Speaker 3: tell a lot about people when you open up to
Speaker 3: them and you share a bit of your story and
Speaker 3: how they take that And anyway, I'm very excited. Christina
Speaker 3: and Aman are fabulous. You've got to go subscribe to
Speaker 3: their YouTube channel, Our Rich Journey. They retired at forty
Speaker 3: years old and they are living in Portugal with their
Speaker 3: two daughters. They are from the Bay Area. They have
Speaker 3: a fabulous story and they're going to talk to us
Speaker 3: about even during a pandemic because the way that they
Speaker 3: retired early was the magic of investing and it's truly leveraging.
Speaker 3: It only took them eight years to save multimillions of
Speaker 3: dollars to retire early, and they are extremely smart. They
Speaker 3: did it all themselves. They don't have any knowledge. Excuse me,
Speaker 3: they haven't acquired any knowledge that we couldn't get our damnselves.
Speaker 3: And they have been generous enough to share their stories
Speaker 3: and to share, you know, lessons that they've learned with
Speaker 3: their audience, and honestly, especially when it comes to the
Speaker 3: fire movement, the financial independence retire early. How often do
Speaker 3: you see a brown face? Very rarely, let alone a
Speaker 3: couple with kids at that with kids. So it's like
Speaker 3: all the excuses you have to not strive for this
Speaker 3: level of badassory, like you ain't got them. You got kids, Okay,
Speaker 3: they got kids, you know, it's they have a They're
Speaker 3: just I want to get to know them better. And
Speaker 3: I'm really glad that we were able to get back
Speaker 3: on the same page. And you guys will be hearing
Speaker 3: from them very soon, if not next week and the
Speaker 3: week after Christina and Iman and again our rich journey.
Speaker 3: Ow woof all this introspective work, Yes, reflection of growth.
Speaker 2: It's exhausted, Okay, growth is exhausted, but it's worth it.
Speaker 1: It does.
Speaker 3: I just feel like I've become a much better kinder
Speaker 3: person this year. I do cutthroat is great and it
Speaker 3: gets you certain places. But if there's one thing between
Speaker 3: motherhood and this pandemic and career growth, I just feel
Speaker 3: I just know what the world needs. We guess we
Speaker 3: need badass people who get shipped down, but we also
Speaker 3: need kind people, generous people, empathetic people, listening people, and
Speaker 3: if we can just have more of that, that is
Speaker 3: what I am going. That's how I've grown this year, and.
Speaker 2: It's literally I feel like the literal is the opposite
Speaker 2: for me that like, I have grown in setting boundaries
Speaker 2: and being okay with saying no. And that's why I
Speaker 2: think we make such a good like ying Yang, because
Speaker 2: it's something.
Speaker 1: That like I need because you know it.
Speaker 2: Without it, it's like, well, I know I always say zion,
Speaker 2: but what Zien calls an integrity breach.
Speaker 1: So I want a thing for you. I want joy
Speaker 1: and I want laughter.
Speaker 2: I want all that for you, But I don't have
Speaker 2: that for myself because I overextend myself and from fear
Speaker 2: of saying no, because I don't want to disappoint people.
Speaker 2: And it's like, well, that's an integquity breach. I can't
Speaker 2: ask for you to have joy and then don't seek
Speaker 2: joy for myself. So that learning how to have boundaries
Speaker 2: and being okay with people being upset with me. So yeah,
Speaker 2: that's I've grown in that way. So it's just you know,
Speaker 2: there's there's harmony and balance that needs to be had
Speaker 2: either way.
Speaker 1: I don't think you.
Speaker 2: Know overly yes, yes, yes, this is a good thing,
Speaker 2: and overly no, no, no, it's a good thing. I
Speaker 2: think somewhere in between, and I think we're learning and
Speaker 2: going and getting better and cuter.
Speaker 3: On are grown ish. You're about to see it for
Speaker 3: good and cuter when the we update our podcast. Yet
Speaker 3: you'll see. All right, tip Man has it's been the
Speaker 3: longest recording in Grana bits in history. I love you
Speaker 3: for it. Let's without further ado. Goodbye, Please go get
Speaker 3: some rest. I'm going to do the same. Thank you
Speaker 3: guys for listening. Like us in iTunes or what do
Speaker 3: you do in iTunes? Leave a comment, leave us a
Speaker 3: five star rating. Hello friend helous on Insta do all
Speaker 3: the things help us get Brown Ambition out there. Thank
Speaker 3: you so much.
Speaker 1: All right, good bye,