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Speaker 1: Hey, hey, hey, ba fam. Please follow us on Apple

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Speaker 1: Podcasts and keep our audience growing. If your iPhone recently

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Speaker 1: updated to iOS fourteen point five, head to Apple Podcasts,

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Speaker 1: search for Brown Ambition and click on the plus button

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Speaker 1: in the upper right hand corner. Do that and you'll

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Speaker 1: be following our show Loop Loop. You can also follow

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Speaker 1: us on Spotify, on Stitcher, or on the Amazon Music app.

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Speaker 1: You would not do all that, you know, if you

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Speaker 1: had to Android, but you know Apple, that's fine. It's fine.

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Speaker 1: And now onto our show. Hey, hey, hey, we're back,

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Speaker 1: We're Blead, We're brown Shan. Welcome Black, Mandy. I'm gonna

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Speaker 1: say that every time. Now I'm not gonna remember because

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Speaker 1: you don't remembory. But someone said that to me yes,

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Speaker 1: and I thought that was so delightful. They're like, ooh girl,

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Speaker 1: welcome black.

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Speaker 2: I was like, wait what I need the T shirt,

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Speaker 2: I need the mug I need.

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Speaker 1: Yes, welcome Black. I love that.

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Speaker 2: Hey, Happy whatever day of the week it is, Monday,

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Speaker 2: I'm very excited about today's show.

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Speaker 1: Me too.

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Speaker 2: We have one of our one of our recurring faves

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Speaker 2: on the show, my financial planner Helen, who wants to

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Speaker 2: know where I've been and I have been delinquent in

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Speaker 2: my in my sessions with Helen. But she's back on

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Speaker 2: the show and we are answering y'all's questions about how

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Speaker 2: to save for your kids, and Helen has some very

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Speaker 2: She has some interesting hot takes on the types of

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Speaker 2: accounts that we all think are the right thing to do,

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Speaker 2: from five to nine to UTMA accounts, to custodials because

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Speaker 2: odial accounts. Helen is going to cover it all and

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Speaker 2: really dive into what it takes to raise some money

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Speaker 2: savvy kids.

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Speaker 1: I cannot wait. How long does one of my favorite

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Speaker 1: go to? You know, I have a handful of financial

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Speaker 1: advisors slash planners that I recommend to people, and she

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Speaker 1: is one of the only three that I recommend. So

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Speaker 1: she's alsome. You guys are going to love her. Well,

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Speaker 1: you've locked her before because she's been here before.

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Speaker 2: I just find her voice so soothing too, just like, yeah, Helen,

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Speaker 2: I need to help us. She's also my relationship mediator,

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Speaker 2: is how I also feel about her.

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Speaker 1: That's almost financial. If you have a financial advisor who

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Speaker 1: helps you as a couple, they are definitely mediating. I

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Speaker 1: was gonna say so last last episode, if you missed it.

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Speaker 1: It was epic, as all of our episodes are. I

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Speaker 1: wanted to provide additional cloudy that Doctor Green gave me

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Speaker 1: that I'm like, and I think maybe this is speaking

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Speaker 1: to what you were saying, Mandy, and maybe you tell

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Speaker 1: me so remember like during you know, the beginning, I

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Speaker 1: was talking about like sometimes you hold ourselves back dreaming big, right,

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Speaker 1: and then you were like, well, what if you know?

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Speaker 1: Is there anything you said you were going to write

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Speaker 1: a book called like something about being content? Right?

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Speaker 3: What?

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Speaker 2: Oh god, hey, you're reminding me what I said on

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Speaker 2: an episode? What what is this opposite day? God?

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Speaker 1: I got it.

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Speaker 2: I can't stop myself. Why I throw shade so much? Anyway?

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Speaker 2: I yeah, I was talking about a really dark time

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Speaker 2: in my life where I was trying to convince a

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Speaker 2: friend of mine that a really good book idea would

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Speaker 2: be to talk about the power of mediocrity and how

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Speaker 2: we should all just stop trying to uh to be

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Speaker 2: perfect and have the most money, in the best house

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Speaker 2: and all that stuff.

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Speaker 1: No, but you know what, there's something I won't say

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Speaker 1: necessarily mediocrity, but I will say this that I was

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Speaker 1: talking to doctor Green. We had our session last Friday,

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Speaker 1: and I was telling her, how, you know, I've been

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Speaker 1: really struggling. I did that activity that I told you

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Speaker 1: guys to do. Remember, I said, like, Mandy, like five minutes,

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Speaker 1: write down like your your hopes and dreams and without hesitation,

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Speaker 1: without limitation, just like get your a million. A million

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Speaker 1: is my four year old niece. And she's just be like,

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Speaker 1: I want to go to the moon, I want to

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Speaker 1: go to Mars. I want to go to you know,

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Speaker 1: like just do that and just to kind of get

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Speaker 1: a gauge of like, you know, what are your big

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Speaker 1: hopes and dreams. Not that you're going to accomplish all

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Speaker 1: of them, but you know that at least out. And

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Speaker 1: so I was telling doctor Green that I was having

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Speaker 1: a hard time with like you know that none of

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Speaker 1: them seemed big or like maybe like you know, maybe

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Speaker 1: I'm afraid to dream big. And she was like, okay, Tiffany,

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Speaker 1: let's dial al on back. So this is she gathered

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Speaker 1: my edges. So here's your edge gathering. I was okay,

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Speaker 1: because I was like I couldn't leave this part out

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Speaker 1: because I'm like I left you guys with all that

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Speaker 1: stuff that It's like She's like, girl, now, she said Tiffany,

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Speaker 1: you're living big sis. You wrote a book, it's on

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Speaker 1: a New York Times bestsellers list, you have successful business,

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Speaker 1: you have this year like you're here, and that maybe

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Speaker 1: one of the reasons why you're struggling with quote unquote

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Speaker 1: thinking big is because you're you're you're already living the

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Speaker 1: big dream that you put down. That's okay. So she

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Speaker 1: was like, I think the word big is you're you're

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Speaker 1: using that word too liberally. It's more so I want

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Speaker 1: you personally to think more meaningfully right to think so

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Speaker 1: because for some people that is big, like oh, you know,

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Speaker 1: I'm just starting out, or like, you know, I do

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Speaker 1: really want this huge dream. But she was like, but

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Speaker 1: for you, Tiffany, it might not look like a bigger

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Speaker 1: company in a bigger house and a bigger car that's

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Speaker 1: clearly not moving you. That's why you're having a hard

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Speaker 1: time putting it down. For you, it's baby, girl, what

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Speaker 1: is bigger?

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Speaker 3: You know?

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Speaker 1: She's like, for you, it might be you know, I've

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Speaker 1: always wanted to learn how to paint. I want to

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Speaker 1: get back to write writing poetry. She's like, you know,

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Speaker 1: we live in a world where we're told that if

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Speaker 1: it's not big it's not good, and she's just had

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Speaker 1: me like reset. So not it doesn't mean that. I

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Speaker 1: just wanted to share that because you might have listened

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Speaker 1: last week and felt what I was feeling, which is

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Speaker 1: the struggle for I don't necessarily desire more. You know,

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Speaker 1: She's well because years ago I put down all my

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Speaker 1: big more in my my journal, I put it down

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Speaker 1: on my vision board, and I'm not gonna lie. I've

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Speaker 1: accomplished just about all those things that I said that

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Speaker 1: I wanted, and so that's why I was struggling, because

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Speaker 1: I'm okay with not necessarily wanting more, you know, at

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Speaker 1: least not in this huge way, because all those seats

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Speaker 1: have already been planted, like the kind of like the

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Speaker 1: things that I'm growing toward, and it's like, yes, it's

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Speaker 1: okay to turn inward and say, well, what are the

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Speaker 1: meaningful things? You know? Maybe it's just, hey, I actually

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Speaker 1: want to talk to my mom more. Maybe you know,

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Speaker 1: I want to spend more time with my besties. So

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Speaker 1: I just wanted to acknowledge that what you said, Mandy,

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Speaker 1: because I feel like it was kind of like a

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Speaker 1: riff on what you were sharing that you know that

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Speaker 1: not every goal or dream is this huge external leap

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Speaker 1: and lunch. Sometimes it's just more of the same or

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Speaker 1: just more looking inward. I guess to say, you.

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Speaker 2: Know, yeah, absolutely, and it's hard to sell it's really.

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Speaker 2: I mean, even as I was talking about that idea,

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Speaker 2: I still believe that fundamentally it's not about Listen. I

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Speaker 2: was in a dark place and I was talking about

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Speaker 2: mediocrity and just like just be okay with what the

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Speaker 2: bare minimum. But I think what we're talking about is

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Speaker 2: more being okay, being at peace with what you have

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Speaker 2: and understand knowing when it's going to like knowing what

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Speaker 2: you're enough is and knowing what like what do you

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Speaker 2: need to be happy and healthy and content and to

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Speaker 2: get to a place where your life is the cake

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Speaker 2: and anything on top of that is you know, yes,

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Speaker 2: and at a certain point you do need to make

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Speaker 2: peace with what you have because like adding adding coins

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Speaker 2: and adding accolades and adding you know, things to your list,

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Speaker 2: unless that truly serves you, is not going to result

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Speaker 2: in any true feeling of I have more, I feel better,

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Speaker 2: And so yeah, it's it's a balance. It's like knowing

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Speaker 2: what you want, like don't don't leave any dreams on

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Speaker 2: the table, but also don't add stuff to your list

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Speaker 2: that you just percctually. Yeah, just because Yeah, and I'm

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Speaker 2: I'm and that's what I was really at the point

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Speaker 2: where I was like, I was doing that time. I've

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Speaker 2: done that my entire life, Like, I've done that. I

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Speaker 2: have struggled with always having something to do. And even today,

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Speaker 2: my my go to therapist was like, why don't you

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Speaker 2: just do nothing? She's like, what would happen if you

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Speaker 2: just did nothing for a minute. I'm like, I don't.

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Speaker 2: I think I break. I couldn't even do like maternityly.

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Speaker 2: But anyway, Yeah, I'm glad that we've revisited that because

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Speaker 2: it's and I think when we talk about like, you know,

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Speaker 2: we've been talking about Christina and Iman from our Rich

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Speaker 2: Journey and how happy they were. Yeah, soid their journey

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Speaker 2: is about saving money and investing for wealth and acquiring

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Speaker 2: that much money in their bank account. But they they

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Speaker 2: also had the courage to say that's enough and let's

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Speaker 2: jump off, you know, let's let's stop now, let's let's

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Speaker 2: stop focusing on earning, and let's live the life that

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Speaker 2: we've you know, always dreamed of. And it's much more

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Speaker 2: than just money. It's the time they get to spend

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Speaker 2: with their cute daughters and you know, gardening and things

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Speaker 2: like that. Yeah, I'm that's why I'm excited for you

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Speaker 2: in this like little hiatus and you don't learn how

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Speaker 2: to crochet?

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Speaker 1: Yes, I can. I wait, I honestly I'm looking forward

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Speaker 1: to that. Look, I used to write poetry, So I'm

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Speaker 1: like looking forward to like, hey, you know, they used

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Speaker 1: to be like a thing where I'd be like just

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Speaker 1: entrance and moved and like I was a voracious reader,

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Speaker 1: like you know, and not like I don't have a

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Speaker 1: specific genre. Like sometimes I'd be like it's like romance

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Speaker 1: novel month. Well I'll read like ten Roman's novels, book

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Speaker 1: novel books, and then that it's sci fi and then

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Speaker 1: you know, so I like a wide variety of books.

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Speaker 1: I just like good writing, you know, one that I

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Speaker 1: could literally fall into and you look up and you're like,

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Speaker 1: I'm not in Hrry Potter World, you.

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Speaker 2: Know, I love that's the best.

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Speaker 1: Yes, And so I look forward to like getting back

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Speaker 1: to like reading, like I said, writing poetry. Maybe I

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Speaker 1: used to journal. Honestly, I've got like ten journals. I

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Speaker 1: journaled all through elementary well, middle school and high school,

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Speaker 1: and then in college I did some journaling. Most of

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Speaker 1: my journaling in college were like poems. But then I

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Speaker 1: stopped and I'm like, you know what to me? I honestly, Mandy,

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Speaker 1: I used to delight in going to the bookstore and

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Speaker 1: getting a brand new journal, like is it gonna have flowers?

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Speaker 1: Is it gonna be leatherbound? It's gonna be you know,

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Speaker 1: Like I'm like, what happened to that Tiffany that you

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Speaker 1: useduld just delight in? Like her Tiffany Neess, you know,

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Speaker 1: And so I'm excited about exploring that again because that was.

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Speaker 1: This is why I mean, if there's nothing else, I

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Speaker 1: hope that you get away from. You know, the last

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Speaker 1: year is the importance of asking for help, because what

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Speaker 1: could take you ten years to figure out with help

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Speaker 1: might take you one year. You know, what could take

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Speaker 1: you one year might take you one month with help.

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Speaker 1: Whether it's like a helln you know who you're like, Okay,

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Speaker 1: I need help with my finances, or whether it's a

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Speaker 1: doctor green you know, a coach, or whether it's like

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Speaker 1: you know, Stephanie from navipsych a you know, the therapist

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Speaker 1: finder or therapy for black girls like asking for help.

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Speaker 1: It's so critically important because the right help can really

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Speaker 1: help you to look at yourself and become more of yourself.

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Speaker 1: Like you know, doctor Green, and you know all my

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Speaker 1: coaches and things. They're not there to change me. They're

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Speaker 1: there to help me clean the mirror so I can

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Speaker 1: be like, oh, there, she is what you want girl.

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Speaker 3: You know.

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Speaker 1: So I wanted to just acknowledge that made because I

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Speaker 1: think that I wasn't hearing you because it's not like mediocrity.

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Speaker 1: But it's like, no, it's just girl, it's okay to

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Speaker 1: be like I kind of like spaghetti. I don't I

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Speaker 1: don't need RICKATONI. I mean, I know it's fancier, but like.

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Speaker 2: It's like my husband is like, why don't you just

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Speaker 2: make rio a grilled cheese and not salmon with avocado puree,

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Speaker 2: And like he's like, just keep it simple stupid like

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Speaker 2: sweating over stove. No, I mean, it's I know, I

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Speaker 2: think we're on the same page. I just think, you know,

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Speaker 2: mediocrity is just a word that is such. It's just

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Speaker 2: a negative word mediocre. Who wants to be mediocre? Who

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Speaker 2: wants to just be okay? But I get it, and

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Speaker 2: I think this past week. I have certainly, well literally

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Speaker 2: this past year. I said to a friend and I

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Speaker 2: said to a family friend, he listens to the show,

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Speaker 2: Hey Denny, And I could see his eyes be like,

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Speaker 2: really does she just say that? Because we were at

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Speaker 2: this We went to this farm over the weekend and

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Speaker 2: it was like, I don't know, like a petting zoo,

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Speaker 2: and there's all these spring animals, like lambs are born

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Speaker 2: in the spring. It's just like Milo and otis like

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Speaker 2: there's just babies, baby animals everywhere. And I was just

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Speaker 2: I was having the time of my life. It was

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Speaker 2: me and like the four year olds, you know, with

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Speaker 2: our faces pressed up. If I wasn't so big, I

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Speaker 2: would have just climbed the fence too, to be with

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Speaker 2: the other kids. I was having so much fun. And

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Speaker 2: I looked up and I was like, I love having

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Speaker 2: a kid because it makes it okay for you to

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Speaker 2: be a kid again. And I'm like, why didn't I

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Speaker 2: come to this farm before?

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Speaker 3: You know?

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Speaker 2: And I'm like, I can't. And then I just started

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Speaker 2: my mind started spinning. I'm like, wait, we're gonna I'm

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Speaker 2: going to get some jump rope and I'm going to

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Speaker 2: get a hula hoop. Yeah, and maybe I'll learn how

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Speaker 2: to hula hoop. I never did learn how to hulu

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Speaker 2: did I never? No, I never been good at it.

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Speaker 2: I could jump rope and double dutch, but I couldn't

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Speaker 2: do us.

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Speaker 1: Girl, I could got double dutch.

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Speaker 2: Look at Mandy hey cindervellahead lost her fell ahead anyway.

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Speaker 2: I also never done a cartwill in my life, but

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Speaker 2: I you know, and I was scarred by a cheerleading camp.

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Speaker 2: But we won't go there. But it's tap for me.

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Speaker 2: What has been joyful is I have the you know,

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Speaker 2: professional milestones, and I do feel happy financially, but damn it,

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Speaker 2: I love to just lay in the grass and play

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Speaker 2: with worms, you know, with my kid. It's just nice.

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Speaker 2: And maybe someone else doesn't want to do that, but

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Speaker 2: I just love the message of our show. I think

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Speaker 2: it still rings true. It's just tapping into what makes

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Speaker 2: you happy and doing that thing unapologetically and being your

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Speaker 2: weirdest self, you know, just being whoever you are, whatever

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Speaker 2: brings you joy, and doing that apologetically. And I think

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Speaker 2: that that that takes away the power I feel like

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Speaker 2: of of some of the things we talk about. You know,

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Speaker 2: I need a social media break or man, I gotta

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Speaker 2: take a vacation because work is just stressed me out,

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Speaker 2: or people are stressing me out, or my parents are

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Speaker 2: stressing me out because they're always telling me what I

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Speaker 2: should be doing. I feel like once you're truly at

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Speaker 2: peace with who you are and happy with what you're doing,

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Speaker 2: those things start to bother you less, and.

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Speaker 1: You don't need a break from your life.

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Speaker 2: And you don't need a break from your life.

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Speaker 1: Yeah, and yeah, it's just true. First of all, I

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Speaker 1: cannot believe you could double dutch because I can die.

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Speaker 2: Well listen, I haven't done it in like twenty years.

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Speaker 2: But yeah, I used to be good.

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Speaker 1: I used to be good. I could just do regular

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Speaker 1: jump rope. But no, because you're right, because when I

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Speaker 1: had the crazies, that's what I called my niece a million,

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Speaker 1: my my nephew room and their siblings. So when I

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Speaker 1: had the crazies for the weekend, we went to this

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Speaker 1: a park down the street from my house. This park

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Speaker 1: is one of the most beautiful parks. It's called Branchford Park.

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Speaker 1: In it now is not the season is done for

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Speaker 1: cherry blossoms, but it has some of the biggest collections

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Speaker 1: of cherry blossom trees in the nation, so it gets

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Speaker 1: flooded during that time. And so for the first time,

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Speaker 1: like a Milion said I want to have a picnic,

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Speaker 1: and I was like, okay, So we just took a

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Speaker 1: comforter out and I got them Domino's pizza because I'm

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Speaker 1: that kind of aunt. I'm like girl and juice boxes

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Speaker 1: and animal crackers and Superman. Like my husband had had

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Speaker 1: bought Amilia for her birthday this bubble machine that had

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Speaker 1: took batteries and so you know, I bought some dish

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Speaker 1: soap and girl, when I say a time was had,

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Speaker 1: I was like, the park many is a one minute walk.

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Speaker 1: I'm like, so wait, why have I not just grabbed

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Speaker 1: a blanket and come out here before with a book?

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Speaker 1: Like you know, But to your point, that's that's really

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Speaker 1: the beauty of children. It's because it just allowed me

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Speaker 1: to be like all these things that are right there

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Speaker 1: and available to me and don't take advantage of. But

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Speaker 1: kids make you see things differently. Because she was like, no,

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Speaker 1: I want to have a picnic, and I want to

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Speaker 1: have a bubble bag with the orange stuff. It's meanwhile,

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Speaker 1: it's like essential oils orange. I don't know where she

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Speaker 1: gets this stuff from and I want to do some relaxing.

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Speaker 1: I'm like, what is that. She's like, that's why you

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Speaker 1: sit in the tub. I'm like, what TV are you watching?

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Speaker 1: But it was so fun, like you know, you were

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Speaker 1: there where they were jumping in the jumpy that we

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Speaker 1: haven't when she was by herself, like blow up the

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Speaker 1: blow up the jumpy for me so I can jump

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Speaker 1: by myself. They have a Rooman wants to do it.

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Speaker 1: But yeah, you know, it's just that kind of thing,

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Speaker 1: and it's just yeah, it's it's Children truly are blessings

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Speaker 1: in that way because they remind you that life is

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Speaker 1: a lot more simple that we then we make it,

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Speaker 1: and there's so many simple joys to be had. You

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Speaker 1: don't have to do a whole lot, like you know,

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Speaker 1: the grass is there, the jumpy is there, you know,

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Speaker 1: like the sunshine is there, the farms are there, and

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Speaker 1: so yeah, just so I just wanted to like reiterate

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Speaker 1: that because I feel like I don't want last week

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Speaker 1: that you know that that was the only lesson, because

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Speaker 1: it's true, there are moments where maybe you're not dreaming

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Speaker 1: big enough, and they're all moments you're just not dreaming

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Speaker 1: more meaningful enough, you know.

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Speaker 2: So, yeah, that's beautiful. Thanks for revisiting that because I

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Speaker 2: think I mean I had I had people texting and

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Speaker 2: dming us just tell how powerful that episode was for them.

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Speaker 2: So I really encourage y'all. If you haven't heard it yet,

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Speaker 2: go back and listen to last week's show. It says

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Speaker 2: I think the title is Dreams Are Free, and it's

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Speaker 2: a really good conversation if do you say some myself

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Speaker 2: about yeah, just about the way that the possibilities we

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Speaker 2: see for ourselves. So yes, lovely, Well let's take a

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Speaker 2: quick break, and why don't we come back, And when

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Speaker 2: we come back, We've got Helen No of Capital Benchmark

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Speaker 2: Partners on the line to talk about how to say

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Speaker 2: for these kids y'all. So I'm very excited about this

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Speaker 2: conversation with Helen and we will be right back with that. Okay, guys,

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Speaker 2: we are so so happy to invite Helen to have

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Speaker 2: Helen know back to the show.

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Speaker 3: Hey, Helen, Hello, thank you for having me back.

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Speaker 2: Of course live from Atlanta, Georgia. So for y'all who

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Speaker 2: don't know, Helen has been my financial planner, my go

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Speaker 2: to financial guru for I don't know how many years

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Speaker 2: now do five from every milestone. I think the first

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Speaker 2: milestone was getting married. I was moving in with my

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Speaker 2: in laws and I was trying to figure out how

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Speaker 2: to say for a wedding, and then it was marriage,

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Speaker 2: and then buying a house, and then baby. I feel

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Speaker 2: like we had one big planning call Car Car memories.

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Speaker 1: Did she get a dog?

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Speaker 2: Basically for the dog?

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Speaker 1: I know your home meeting about the dog?

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Speaker 2: Well not no, it's because Helen has always the reason.

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Speaker 2: I mean, of course I love. We were just talking

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Speaker 2: about how many seeing Helen is and how she founded

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Speaker 2: her own firm, Capital Benchmark Partners a long time ago,

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Speaker 2: and when I started working with her. The real reason

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Speaker 2: I needed a financial planner. I mean, I know some stuff.

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Speaker 2: I know a thing or two. It's probably like when

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Speaker 2: a doctor has a patient who's like, I don't know,

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Speaker 2: I don't know not to not to, not to crap

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Speaker 2: on dentists, but you know someone who knows something but

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Speaker 2: they're not like you know, an expert in that field.

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Speaker 2: Probably really annoying to Helen, but my husband. The reason

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Speaker 2: Helen and I needed to work together was really just

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Speaker 2: so that she could get she could be the mediator

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Speaker 2: between me and husband, and so even though I knew

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Speaker 2: exactly what I wanted to do, Helen has been on

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Speaker 2: many many a call, Google, hangout or whatnot, kind of

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Speaker 2: just like watching me really just need her to tell

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Speaker 2: my husband, she's right, let's just do it. That's what

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Speaker 2: you're good for. And I mean, honestly though for couples,

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Speaker 2: that's that's for me. What has been so useful about

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Speaker 2: having Helen it's having that third opinion. But today we're

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Speaker 2: here to talk about not just for you know, it's

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Speaker 2: sort of about relationships. But first comes love, then comes

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Speaker 2: you know, traditionally marriage, and then a baby. And we we,

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Speaker 2: honestly Helen, get the same question over and over and

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Speaker 2: over again. And it's very simple from our listeners. How

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Speaker 2: do we say for our children? And they know some

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Speaker 2: stuff too. They know about the same kind of accounts

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Speaker 2: that I'm aware of. And I think Tiffany is too

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Speaker 2: your college safe? Yeah five two nine plan, you got

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Speaker 2: your your what now?

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Speaker 1: Custodial account?

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Speaker 2: Custodial accounts? And should we open a brokerage account? But

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Speaker 2: there is this like there's this heightened sense of awareness

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Speaker 2: among our listeners. I can tell that we should be

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Speaker 2: putting away and we talk about it too for black

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Speaker 2: and brown families, how important it is to be building

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Speaker 2: wealth not just for today but for tomorrow and for

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Speaker 2: your children's children hopefully. So people are wanting to do that,

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Speaker 2: and they want to do it the right way. So

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Speaker 2: I'd love to just jump in with that general question

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Speaker 2: because I know that you have some very strong, interesting,

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Speaker 2: different opinions about the right way to say for a

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Speaker 2: child's future. Is it the magical five two nine plan,

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Speaker 2: is it a regular savings account?

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Speaker 3: What?

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Speaker 2: Like where do people even start helen.

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Speaker 3: Well before we even get into because like to me,

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Speaker 3: the five twenty nine accounts and the custodial accounts, those

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Speaker 3: are all tactics, they're not really strategies. So when I

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Speaker 3: interview clients before they even come on board and we

430
00:21:31,400 --> 00:21:34,640
Speaker 3: talk about all the different strategies and tactics, I ask

431
00:21:34,760 --> 00:21:37,680
Speaker 3: the question, like, what are you really trying to say

432
00:21:37,720 --> 00:21:39,639
Speaker 3: for your kids? What type of money lessons do you

433
00:21:39,720 --> 00:21:45,080
Speaker 3: want to teach your baby or your child or whatever.

434
00:21:45,480 --> 00:21:48,359
Speaker 3: So it really starts with that, you know, and I

435
00:21:48,359 --> 00:21:50,600
Speaker 3: think a lot of people don't really think about when

436
00:21:50,640 --> 00:21:52,000
Speaker 3: I ask them, oh, what do you want to say

437
00:21:52,040 --> 00:21:53,520
Speaker 3: for your children? They say, oh, I want to say

438
00:21:53,520 --> 00:21:56,720
Speaker 3: for college, but a college is just a one time

439
00:21:56,920 --> 00:21:59,960
Speaker 3: event in your child's life. Do you want to say,

440
00:22:00,680 --> 00:22:03,840
Speaker 3: you know, I think about their entire lifespan. Do I

441
00:22:03,880 --> 00:22:05,760
Speaker 3: want to leave a legacy for my kid? And you

442
00:22:05,880 --> 00:22:08,480
Speaker 3: might not, you know, especially for me right now, I

443
00:22:08,560 --> 00:22:11,320
Speaker 3: haven't even thought that far. But the answer to that

444
00:22:11,400 --> 00:22:13,480
Speaker 3: question for me personally is yes, I want to save.

445
00:22:13,680 --> 00:22:15,959
Speaker 3: I want to leave something for my son when I

446
00:22:16,080 --> 00:22:19,640
Speaker 3: pass and go on to wherever my next life or whatever.

447
00:22:20,000 --> 00:22:22,320
Speaker 3: You know, I think about childcare costs, like saving for

448
00:22:22,400 --> 00:22:25,040
Speaker 3: that and preparing, you know, if I want to put

449
00:22:25,080 --> 00:22:28,320
Speaker 3: my kid into private school for elementary school or high school.

450
00:22:28,680 --> 00:22:34,520
Speaker 3: I can't even think past like tomorrow or when he turns,

451
00:22:34,880 --> 00:22:38,400
Speaker 3: you know, one year. So even before you think about

452
00:22:38,440 --> 00:22:40,840
Speaker 3: like how much money I want to save, and I

453
00:22:40,880 --> 00:22:44,040
Speaker 3: would really think more about the different life stages you

454
00:22:44,119 --> 00:22:49,040
Speaker 3: want to supplement for your child or for your niece

455
00:22:49,119 --> 00:22:51,879
Speaker 3: or nephew. Like even before I had my own child,

456
00:22:51,960 --> 00:22:54,840
Speaker 3: my son, I was saving up for my nieces and

457
00:22:54,920 --> 00:22:58,520
Speaker 3: nephews just in case I, you know, died before I

458
00:22:58,520 --> 00:23:01,200
Speaker 3: had a child. And I want to save for them

459
00:23:01,359 --> 00:23:03,919
Speaker 3: for their college when they do go, if they do

460
00:23:03,960 --> 00:23:05,040
Speaker 3: go to college.

461
00:23:04,680 --> 00:23:05,000
Speaker 1: If not.

462
00:23:05,119 --> 00:23:08,399
Speaker 3: I have a separate investment account for them, right, So

463
00:23:08,480 --> 00:23:11,719
Speaker 3: really it starts with a question of what phase in

464
00:23:11,760 --> 00:23:15,840
Speaker 3: your child's life do you want to financially supplement?

465
00:23:16,480 --> 00:23:19,560
Speaker 2: Why do people What is it about? Because I think

466
00:23:19,600 --> 00:23:21,199
Speaker 2: you and I have talked about this before, just a

467
00:23:21,240 --> 00:23:23,280
Speaker 2: tiny bit, tiny bit. We haven't had like the big

468
00:23:23,760 --> 00:23:26,600
Speaker 2: you know, planning call for rio and everything. But what

469
00:23:26,840 --> 00:23:29,399
Speaker 2: is it? I did immediately skip to college. That was

470
00:23:29,440 --> 00:23:32,399
Speaker 2: the first thing my husband did after I had the baby,

471
00:23:32,800 --> 00:23:34,399
Speaker 2: And to be honest, he got a lot of stuff

472
00:23:34,400 --> 00:23:38,199
Speaker 2: done that maybe wasn't the most financially wise while I

473
00:23:38,359 --> 00:23:40,679
Speaker 2: was either right about to have a baby or just

474
00:23:40,760 --> 00:23:43,960
Speaker 2: after he leased a car and then he opened a

475
00:23:44,000 --> 00:23:46,080
Speaker 2: five two We can talk with that later. He opened

476
00:23:46,080 --> 00:23:48,879
Speaker 2: a five two nine plan immediately and it just felt

477
00:23:48,920 --> 00:23:51,480
Speaker 2: like the right thing to do. But I think a

478
00:23:51,480 --> 00:23:53,680
Speaker 2: lot of people just jump to that college shavings plan.

479
00:23:53,840 --> 00:23:57,159
Speaker 2: Do they have I been? Is Is it like Instagram

480
00:23:57,200 --> 00:24:00,320
Speaker 2: ad awareness? Again? Like I haven't been hypnotized or have

481
00:24:00,359 --> 00:24:00,680
Speaker 2: I been?

482
00:24:01,320 --> 00:24:01,960
Speaker 1: What is it about?

483
00:24:02,000 --> 00:24:02,119
Speaker 3: Like?

484
00:24:02,320 --> 00:24:04,800
Speaker 2: The marketing budget really good for these plans? Why does

485
00:24:04,880 --> 00:24:07,440
Speaker 2: everybody talk about them as the way to save for kids?

486
00:24:08,080 --> 00:24:11,359
Speaker 3: Mandy Boom The marketing for five twenty nine accounts. I

487
00:24:11,400 --> 00:24:16,360
Speaker 3: think it's completely blown out of proportion. I mean, yes,

488
00:24:16,960 --> 00:24:18,840
Speaker 3: and they emphasize a student loan debt. Oh my gosh,

489
00:24:18,880 --> 00:24:20,280
Speaker 3: your student loan debt and all this stuff you need

490
00:24:20,320 --> 00:24:23,160
Speaker 3: to prepare your kid in order to pay for college.

491
00:24:23,680 --> 00:24:25,840
Speaker 3: But I go back to do you even want to

492
00:24:25,960 --> 00:24:29,320
Speaker 3: encourage your kids to go to college these days? Do

493
00:24:29,359 --> 00:24:34,119
Speaker 3: you even I'm serious? You know, what do you want

494
00:24:34,160 --> 00:24:38,480
Speaker 3: to teach them about investing in education? Because education is

495
00:24:38,520 --> 00:24:42,920
Speaker 3: an investment, right, whether it's paid by our tax dollars

496
00:24:43,119 --> 00:24:46,920
Speaker 3: or my parents' dollars, or my aunts or uncle's dollars

497
00:24:47,000 --> 00:24:50,280
Speaker 3: or grandparents' dollars. I think I would take it as

498
00:24:50,280 --> 00:24:53,080
Speaker 3: an opportunity to teach your kid as this is the

499
00:24:53,119 --> 00:24:55,399
Speaker 3: first type of investment you're going to make. What is

500
00:24:55,440 --> 00:24:58,080
Speaker 3: the return on that investment that you make? Right? So

501
00:24:58,359 --> 00:24:59,719
Speaker 3: a lot of my clients they'll say, oh, I want

502
00:24:59,720 --> 00:25:04,080
Speaker 3: to hunt percent pay for their tuition and everything. I said, okay,

503
00:25:04,240 --> 00:25:06,919
Speaker 3: but what about all the other ancillary costs when they

504
00:25:07,000 --> 00:25:11,320
Speaker 3: do go to college, like their meals, their health insurance,

505
00:25:11,320 --> 00:25:14,320
Speaker 3: their cell phone plan. What if they boomerang back home

506
00:25:14,520 --> 00:25:16,600
Speaker 3: after they finished college? How do you plan for that?

507
00:25:17,400 --> 00:25:19,680
Speaker 3: So what do you want to teach them a life lesson,

508
00:25:19,680 --> 00:25:23,160
Speaker 3: Maybe you take out fifty percent and have them take out,

509
00:25:23,280 --> 00:25:25,400
Speaker 3: you know, fifty you know, half of the other loan

510
00:25:25,880 --> 00:25:27,719
Speaker 3: if they aren't able to get scholarships. So I mean

511
00:25:27,760 --> 00:25:31,320
Speaker 3: that there's like a zillion different questions. I think that

512
00:25:31,359 --> 00:25:35,240
Speaker 3: there's a lot of missed opportunity to teach your kids

513
00:25:35,320 --> 00:25:38,479
Speaker 3: as they're growing up on what the cost of education

514
00:25:38,640 --> 00:25:41,560
Speaker 3: really means. And when I say return on that investment

515
00:25:42,240 --> 00:25:44,480
Speaker 3: is once they graduate college, will they be able to

516
00:25:44,600 --> 00:25:47,880
Speaker 3: make enough money to pay back their loans if they

517
00:25:47,920 --> 00:25:51,399
Speaker 3: are getting or taking loans out to pay for that

518
00:25:52,160 --> 00:25:53,240
Speaker 3: educational investment.

519
00:25:54,920 --> 00:25:57,359
Speaker 2: But yeah, I think what you're saying is almost like

520
00:25:58,119 --> 00:26:00,240
Speaker 2: I guess for us, it felt like, oh, we open

521
00:26:00,280 --> 00:26:02,960
Speaker 2: this account, Okay, cool, we did something tick that box.

522
00:26:03,280 --> 00:26:06,000
Speaker 2: But that can't be the beginning and the end of

523
00:26:06,000 --> 00:26:09,160
Speaker 2: saving for a kid, right. It's the harder to tick

524
00:26:09,160 --> 00:26:13,119
Speaker 2: off your checklist kind of stuff like teaching them the

525
00:26:13,280 --> 00:26:16,800
Speaker 2: value of saving and that things cost money and how

526
00:26:16,920 --> 00:26:19,160
Speaker 2: loans work. You know that they have to be paid.

527
00:26:18,960 --> 00:26:20,879
Speaker 3: Back, right, it's not free.

528
00:26:21,840 --> 00:26:24,359
Speaker 2: That's another question we get is like what are those

529
00:26:24,960 --> 00:26:26,720
Speaker 2: you know you have a ten month old. I was

530
00:26:26,800 --> 00:26:28,800
Speaker 2: just there. My son's a year and a half, tips

531
00:26:28,840 --> 00:26:32,600
Speaker 2: gotten nieces and nephews and or a niece and a nephews.

532
00:26:32,600 --> 00:26:37,560
Speaker 2: Are I'm not multiply? I do, Okay, thanks a fact check,

533
00:26:38,400 --> 00:26:42,080
Speaker 2: but like from an early age and my in my

534
00:26:42,080 --> 00:26:44,480
Speaker 2: my other you know, Helen is one guru of my

535
00:26:44,520 --> 00:26:46,119
Speaker 2: life or I know, we don't like the word guru,

536
00:26:46,200 --> 00:26:50,680
Speaker 2: but one of my my my my go toss as

537
00:26:50,720 --> 00:26:53,040
Speaker 2: Tiff says. And my other one is my therapist, and

538
00:26:53,080 --> 00:26:56,399
Speaker 2: she's constantly like telling me, Mandy, You've got to like

539
00:26:57,160 --> 00:27:00,520
Speaker 2: you've got to stop getting ahead of yourself and thinking

540
00:27:00,600 --> 00:27:02,600
Speaker 2: too far ahead and just like be in the moment,

541
00:27:02,640 --> 00:27:05,760
Speaker 2: because I'm already trying to. My kid is seventeen months old,

542
00:27:05,800 --> 00:27:08,400
Speaker 2: and I'm like, do I start teaching him that? Do

543
00:27:08,440 --> 00:27:10,480
Speaker 2: I try and charge him for his snacks?

544
00:27:11,880 --> 00:27:14,600
Speaker 1: I don't know, I do.

545
00:27:15,359 --> 00:27:19,400
Speaker 2: I don't know where's your head at as a new mom.

546
00:27:19,760 --> 00:27:25,200
Speaker 3: Oh man, I'll be frank with you. I don't Between

547
00:27:25,240 --> 00:27:27,639
Speaker 3: my husband and we don't have a five twenty nine account.

548
00:27:28,440 --> 00:27:30,760
Speaker 3: If he does go to college, I think we would

549
00:27:30,960 --> 00:27:33,520
Speaker 3: plan to cash flow it. I would rather invest in

550
00:27:33,560 --> 00:27:36,560
Speaker 3: my business and in my career to be able to

551
00:27:36,800 --> 00:27:39,360
Speaker 3: cash flow that education meaning I don't want to put

552
00:27:39,359 --> 00:27:42,520
Speaker 3: all my money into one particular account and hope that

553
00:27:42,560 --> 00:27:44,919
Speaker 3: he'll go to college so I can use it later. Right,

554
00:27:45,840 --> 00:27:48,199
Speaker 3: That's not the way that I plan my money. I

555
00:27:48,359 --> 00:27:50,560
Speaker 3: plan out because I have you know, he's ten months old.

556
00:27:50,920 --> 00:27:56,439
Speaker 3: I have eighteen more years technically to get my career

557
00:27:56,560 --> 00:27:59,320
Speaker 3: together so that I have enough money by the time

558
00:27:59,359 --> 00:28:01,959
Speaker 3: he goes So well, if he does get get in

559
00:28:02,040 --> 00:28:04,400
Speaker 3: for free, and if he does decide to go to college, great,

560
00:28:04,480 --> 00:28:08,720
Speaker 3: but by that time, hopefully I'll have significantly higher revenue

561
00:28:08,760 --> 00:28:11,040
Speaker 3: and income to where I can just cash flow that

562
00:28:11,119 --> 00:28:13,800
Speaker 3: and not be locked into some account that I can't

563
00:28:13,840 --> 00:28:16,680
Speaker 3: really tap into, you know, without worrying about taxes and

564
00:28:16,720 --> 00:28:18,600
Speaker 3: penalties and all this stuff. If I wanted to use

565
00:28:18,640 --> 00:28:22,320
Speaker 3: that money to buy him a car, for example.

566
00:28:22,520 --> 00:28:26,240
Speaker 1: Helen, thank you, because I always felt I never wanted

567
00:28:26,320 --> 00:28:28,760
Speaker 1: to say, like out loud that I'm not a big

568
00:28:28,800 --> 00:28:31,879
Speaker 1: fan of the five twenty nine because of that, because

569
00:28:31,920 --> 00:28:35,479
Speaker 1: I'm like, what if especially and maybe like you know,

570
00:28:35,560 --> 00:28:37,879
Speaker 1: five ten years ago, because everyone like you have to

571
00:28:37,880 --> 00:28:41,480
Speaker 1: go to college, right, but that you know, that language

572
00:28:41,480 --> 00:28:43,200
Speaker 1: has been changing because we're all kind of like, do

573
00:28:43,280 --> 00:28:45,960
Speaker 1: you yeah, So I don't have five twenty nine for

574
00:28:45,960 --> 00:28:49,440
Speaker 1: any of my nieces and nephews, or even for my

575
00:28:49,760 --> 00:28:52,440
Speaker 1: stepdaughter who's fourteen. We planned a cash flow we have

576
00:28:52,520 --> 00:28:55,320
Speaker 1: we have a custodial account, yeah, for them, you know,

577
00:28:55,480 --> 00:28:59,240
Speaker 1: because I'm like, well, whatever comes, I'd rather have that money.

578
00:28:59,240 --> 00:29:01,320
Speaker 1: I want the flexibit need to say this is just

579
00:29:01,400 --> 00:29:04,600
Speaker 1: money for you. Whatever you looks like, you know that

580
00:29:04,640 --> 00:29:06,040
Speaker 1: I'm not kind of backed in. And the only thing

581
00:29:06,080 --> 00:29:08,480
Speaker 1: I will say that I do like about five twenty nine,

582
00:29:08,520 --> 00:29:10,680
Speaker 1: at least now, is that now you can use it

583
00:29:10,760 --> 00:29:12,520
Speaker 1: for more than just college. You can also use it

584
00:29:12,560 --> 00:29:14,680
Speaker 1: for like day care and like private school and things

585
00:29:14,760 --> 00:29:17,640
Speaker 1: like that. But other than that, honestly, I'm not a fan,

586
00:29:17,720 --> 00:29:19,320
Speaker 1: and I don't have any five twenty nine plans, and

587
00:29:19,320 --> 00:29:21,920
Speaker 1: I don't plan to for my hopefully upcoming baby.

588
00:29:22,560 --> 00:29:25,800
Speaker 3: Yeah, from a strategic standpoint, if you are, you are

589
00:29:25,840 --> 00:29:29,000
Speaker 3: definitely planning to send your kids off to private school.

590
00:29:29,040 --> 00:29:30,720
Speaker 3: You can use up to ten grand to pay for

591
00:29:30,800 --> 00:29:35,000
Speaker 3: private school now, but you know that can change any day,

592
00:29:35,160 --> 00:29:38,479
Speaker 3: depending on who's in Congress and whether or not they

593
00:29:38,560 --> 00:29:40,800
Speaker 3: change the laws around that. So I'm not going to

594
00:29:40,800 --> 00:29:45,120
Speaker 3: put my eggs in that basket. So I'd rather invest

595
00:29:45,120 --> 00:29:46,800
Speaker 3: in my career so I can make more money so

596
00:29:46,840 --> 00:29:49,200
Speaker 3: I can afford college later on. So I'd rather work

597
00:29:49,240 --> 00:29:53,320
Speaker 3: on cash flowing that future. To answer your broader question

598
00:29:53,400 --> 00:29:55,120
Speaker 3: of how do I say for my kid, I would

599
00:29:55,160 --> 00:29:57,440
Speaker 3: take college out of that and really think about the

600
00:29:57,480 --> 00:30:01,680
Speaker 3: timeline of your children growing up? What do you want

601
00:30:01,680 --> 00:30:02,560
Speaker 3: a gift to them?

602
00:30:02,920 --> 00:30:05,160
Speaker 2: You know, do you know how much Helen? Has anyone

603
00:30:05,160 --> 00:30:06,320
Speaker 2: told you how much camp costs?

604
00:30:06,360 --> 00:30:06,600
Speaker 3: Yet?

605
00:30:06,960 --> 00:30:11,600
Speaker 2: Because I cannot? I was like, they and then and

606
00:30:11,640 --> 00:30:14,320
Speaker 2: then the daycare that you pay, they don't, they don't

607
00:30:14,560 --> 00:30:17,240
Speaker 2: they no, no, no, but they don't. They don't. They

608
00:30:17,240 --> 00:30:19,160
Speaker 2: make you pay even if the kid don't go. So

609
00:30:19,200 --> 00:30:21,760
Speaker 2: I'm like, so if they go to camp, I'm paying

610
00:30:21,840 --> 00:30:23,920
Speaker 2: like five g's and then I still got to pay

611
00:30:23,920 --> 00:30:27,880
Speaker 2: the rent at the time. What so, yes, I hear you.

612
00:30:28,000 --> 00:30:31,840
Speaker 2: It's very costly, even before college. So yeah, how let's

613
00:30:31,840 --> 00:30:34,040
Speaker 2: do it. Let's talk about it. How do you start?

614
00:30:34,480 --> 00:30:36,680
Speaker 3: I would put it into a timeline, and you know,

615
00:30:36,800 --> 00:30:39,880
Speaker 3: I have my notes written here, but definitely childcare between

616
00:30:39,920 --> 00:30:42,440
Speaker 3: the ages of one to ten? Right are you going

617
00:30:42,480 --> 00:30:45,400
Speaker 3: to hire a nanny? Like right now? It's very expensive.

618
00:30:45,440 --> 00:30:47,640
Speaker 3: I look at my clients and they're dropping you know,

619
00:30:47,800 --> 00:30:51,920
Speaker 3: at minimum twelve hundred to twenty five hundred dollars a

620
00:30:52,000 --> 00:30:55,600
Speaker 3: month on childcare. That's not even full time for the

621
00:30:55,720 --> 00:31:00,920
Speaker 3: entire week. And to me, that's so much money. Definitely

622
00:31:00,920 --> 00:31:04,320
Speaker 3: planning for that, and then, like you said, the kids camps,

623
00:31:04,360 --> 00:31:09,080
Speaker 3: the fees for different activities. I want to I want

624
00:31:09,120 --> 00:31:11,640
Speaker 3: my kid to have a rich life. I want him

625
00:31:11,760 --> 00:31:14,160
Speaker 3: to you know, just think about myself and what you

626
00:31:14,160 --> 00:31:16,120
Speaker 3: were asking earlier. I was thinking about, like, oh my god,

627
00:31:16,360 --> 00:31:19,320
Speaker 3: what if I want to go to hockey camp. I mean,

628
00:31:19,360 --> 00:31:22,959
Speaker 3: that's not cheap. All of that equipment is very expensive.

629
00:31:23,520 --> 00:31:25,040
Speaker 3: Those are the things that I want to be able

630
00:31:25,080 --> 00:31:28,720
Speaker 3: to afford, not necessarily, you know, thinking eighteen years from now,

631
00:31:28,760 --> 00:31:33,760
Speaker 3: and then just you know, subsidizing one very small sliver

632
00:31:34,040 --> 00:31:37,000
Speaker 3: of their life. What if they get married one day

633
00:31:37,320 --> 00:31:39,960
Speaker 3: or you know, do you want to leave any money

634
00:31:39,960 --> 00:31:42,360
Speaker 3: for that? That's how I would plan it is in

635
00:31:42,400 --> 00:31:45,480
Speaker 3: different tranches of their life, you know, college, high school,

636
00:31:45,680 --> 00:31:47,640
Speaker 3: if they go to the military and get out, like

637
00:31:48,000 --> 00:31:53,080
Speaker 3: you know, marriage, their middle age, leaving a legacy for them,

638
00:31:53,520 --> 00:31:56,720
Speaker 3: all of those different significant life stages that also happen,

639
00:31:56,800 --> 00:31:58,800
Speaker 3: and not just necessarily for college.

640
00:31:59,280 --> 00:32:01,400
Speaker 2: And where do you perk it is it like a

641
00:32:01,440 --> 00:32:05,160
Speaker 2: custodial savings account, just you know, full stop, just to

642
00:32:05,200 --> 00:32:07,800
Speaker 2: make it easy and make sure that it's easily accessible.

643
00:32:08,920 --> 00:32:13,280
Speaker 3: I would say, yes, you can start. So with our clients,

644
00:32:14,400 --> 00:32:17,160
Speaker 3: we typically just set up like and if it's husband now,

645
00:32:17,200 --> 00:32:19,920
Speaker 3: we typically set up a joint brokerage account and they

646
00:32:19,920 --> 00:32:22,920
Speaker 3: can start investing money in there, you know, setting money

647
00:32:22,960 --> 00:32:27,800
Speaker 3: in there. Or if you want to have your child

648
00:32:27,880 --> 00:32:30,800
Speaker 3: inherit some money by the age of eighteen or twenty one,

649
00:32:30,800 --> 00:32:33,160
Speaker 3: then you can set up what's called a UTMA account

650
00:32:33,440 --> 00:32:36,600
Speaker 3: and they will that money will automatically transfer to them

651
00:32:36,640 --> 00:32:38,800
Speaker 3: once they are of legal age, and you can start

652
00:32:38,800 --> 00:32:41,680
Speaker 3: teaching them how to invest in there at that time

653
00:32:41,880 --> 00:32:44,760
Speaker 3: and hand over that account to them. I'm not like

654
00:32:45,040 --> 00:32:48,400
Speaker 3: totally against five twenty nine plans. You can trickle some

655
00:32:48,440 --> 00:32:50,800
Speaker 3: money in their chest in case they do go to college.

656
00:32:51,000 --> 00:32:53,840
Speaker 3: But you can also utilize roth diaries too. I think

657
00:32:53,840 --> 00:32:59,360
Speaker 3: that's completely I wouldn't say unpopular, but less promoted or

658
00:32:59,440 --> 00:33:02,320
Speaker 3: less marked did out there as a strategy. You can

659
00:33:02,480 --> 00:33:05,280
Speaker 3: use some money in your wroth ira to pay the

660
00:33:05,280 --> 00:33:07,320
Speaker 3: school tuition directly.

661
00:33:07,480 --> 00:33:10,160
Speaker 2: You know, and if they're roth IRA as a parent

662
00:33:10,320 --> 00:33:12,400
Speaker 2: or one opened up in your child's name.

663
00:33:12,480 --> 00:33:14,680
Speaker 1: Yeah, because I have roth diary for Alyssa.

664
00:33:15,240 --> 00:33:18,040
Speaker 3: Yeah, you can do both, okay, as long as it

665
00:33:18,080 --> 00:33:21,440
Speaker 3: goes to the find the educational institution you're using it

666
00:33:21,480 --> 00:33:22,280
Speaker 3: for for tuition.

667
00:33:23,040 --> 00:33:24,600
Speaker 2: Is this the part where it's like you're going to

668
00:33:24,640 --> 00:33:27,320
Speaker 2: the dentist and you start just confessing all of your

669
00:33:27,360 --> 00:33:30,120
Speaker 2: dental sins, Like I'm so sorry, I haven't been classing

670
00:33:30,200 --> 00:33:32,800
Speaker 2: and yeah, I've just been eating a lot of acetic foods.

671
00:33:33,440 --> 00:33:36,120
Speaker 2: So Helen, we haven't talked in a minute, okay, but

672
00:33:36,280 --> 00:33:39,120
Speaker 2: like about our finances and so one little teeny tiny

673
00:33:39,160 --> 00:33:41,959
Speaker 2: thing that I did that was wrong. It's I have

674
00:33:42,000 --> 00:33:43,720
Speaker 2: a baby, and like I said, I'm getting I'm just

675
00:33:43,800 --> 00:33:46,600
Speaker 2: jumping the gun. I'm I'm I'm listening to my my

676
00:33:46,640 --> 00:33:48,800
Speaker 2: go tos and I'm just flying in the face with

677
00:33:48,840 --> 00:33:50,920
Speaker 2: their advice. But I jumped the gun a little bit

678
00:33:50,960 --> 00:33:53,640
Speaker 2: and I opened a It actually turns out I showed

679
00:33:53,640 --> 00:33:55,400
Speaker 2: this on the show. Actually I thought I had opened

680
00:33:55,440 --> 00:33:58,680
Speaker 2: a custodial roth Ira for my son because that was

681
00:33:58,680 --> 00:34:01,400
Speaker 2: the smart thing to do, only to find out, dummy,

682
00:34:01,560 --> 00:34:03,880
Speaker 2: like you need to actually earn an income as a chilild,

683
00:34:04,480 --> 00:34:07,720
Speaker 2: you know. So so I was like lips and actually

684
00:34:07,720 --> 00:34:10,920
Speaker 2: it was our Brown Ambition listeners who DM me. They

685
00:34:10,920 --> 00:34:15,360
Speaker 2: were like, Mandra, did you like what? So? I? Yeah, anyway,

686
00:34:15,480 --> 00:34:17,160
Speaker 2: so I did go back and I realized I had

687
00:34:17,200 --> 00:34:20,359
Speaker 2: just opened a brokerage account, not like a a roth Ira.

688
00:34:20,520 --> 00:34:23,720
Speaker 2: But let's but let's so it's it's not a terrible mistake.

689
00:34:23,800 --> 00:34:25,839
Speaker 2: But I was like, but clearly I need to talk

690
00:34:25,880 --> 00:34:29,000
Speaker 2: to you to really just get things. I need to

691
00:34:29,040 --> 00:34:30,640
Speaker 2: just stop trying to do things at three in the

692
00:34:30,640 --> 00:34:35,560
Speaker 2: morning when the panic attacks happened. But let's talk about, Yeah,

693
00:34:35,600 --> 00:34:38,319
Speaker 2: the differences between what you just mentioned and like a

694
00:34:38,440 --> 00:34:42,640
Speaker 2: roth Ira a brokerage account, and what was the other

695
00:34:42,680 --> 00:34:44,359
Speaker 2: one you said was another option.

696
00:34:44,480 --> 00:34:48,320
Speaker 3: UTM, A unified Yeah, and so so that that account

697
00:34:48,520 --> 00:34:51,239
Speaker 3: when you say custodial account, that's what I think of.

698
00:34:51,960 --> 00:34:53,640
Speaker 3: And then so do you want me to explain the

699
00:34:53,640 --> 00:34:55,720
Speaker 3: differences between the three that I just mentioned?

700
00:34:55,920 --> 00:34:56,680
Speaker 2: Yeah, exactly.

701
00:34:56,960 --> 00:34:59,879
Speaker 3: Okay, So the WRATH is a retirement account. I race

702
00:35:00,160 --> 00:35:02,719
Speaker 3: for individual retirement accounts, so it can be under your

703
00:35:02,800 --> 00:35:06,799
Speaker 3: name or you know, my niece who's sixteen years old.

704
00:35:06,800 --> 00:35:08,680
Speaker 3: Now I can open one for her. She has earned

705
00:35:08,719 --> 00:35:10,959
Speaker 3: income and I put money in there, so I can

706
00:35:11,160 --> 00:35:14,440
Speaker 3: technically hire her under my company's name and call her

707
00:35:14,480 --> 00:35:18,319
Speaker 3: an assistant basically and open up a Rothford and pay

708
00:35:18,320 --> 00:35:20,120
Speaker 3: her some sort of income, and you'll go into there.

709
00:35:20,160 --> 00:35:23,439
Speaker 3: For example, that technically is her retirement account. I can't

710
00:35:23,440 --> 00:35:26,960
Speaker 3: tap into it. It's under her name and everything and

711
00:35:27,040 --> 00:35:30,279
Speaker 3: put money in there. So if you have a wrath

712
00:35:30,360 --> 00:35:33,719
Speaker 3: iray for yourself, let's just say your kid doesn't go

713
00:35:33,760 --> 00:35:36,480
Speaker 3: to college and or they get a full ride or whatever,

714
00:35:37,040 --> 00:35:39,440
Speaker 3: you still have your retirement money. So you're killing two

715
00:35:39,440 --> 00:35:42,080
Speaker 3: birds with one stone there. You know, if one event

716
00:35:42,120 --> 00:35:43,960
Speaker 3: doesn't happen, at least you can still use it for

717
00:35:44,440 --> 00:35:46,680
Speaker 3: your future and you won't be penalized for it. So

718
00:35:46,680 --> 00:35:49,360
Speaker 3: it's one of those exceptions. And you can still invest

719
00:35:49,520 --> 00:35:52,279
Speaker 3: in all of these different accounts that I'm mentioning. You

720
00:35:52,320 --> 00:35:55,560
Speaker 3: can buy any type of well depending on where you're

721
00:35:56,280 --> 00:36:00,560
Speaker 3: the financial institution, obviously, but again there the the next

722
00:36:00,600 --> 00:36:03,320
Speaker 3: question always comes of like which of these three accounts

723
00:36:03,400 --> 00:36:06,279
Speaker 3: are will get me the most return? That's not the

724
00:36:06,280 --> 00:36:09,880
Speaker 3: correct question. The correct question is you can invest in

725
00:36:09,880 --> 00:36:12,399
Speaker 3: each of those accounts. What investment makes sense in each

726
00:36:12,440 --> 00:36:14,680
Speaker 3: of those accounts that you can purchase, So you put

727
00:36:15,000 --> 00:36:17,200
Speaker 3: one thousand dollars into each of those accounts, but it

728
00:36:17,239 --> 00:36:20,719
Speaker 3: really just depends on the investment that will yield you

729
00:36:20,840 --> 00:36:24,719
Speaker 3: quote unquote the best return, So that's the WRATH. And

730
00:36:24,760 --> 00:36:28,680
Speaker 3: then you can invest in the UTMA as well. So

731
00:36:28,760 --> 00:36:32,720
Speaker 3: that's an account that where you are the primary account holder.

732
00:36:33,120 --> 00:36:36,120
Speaker 3: And then by the time your kid or whoever you

733
00:36:36,200 --> 00:36:39,560
Speaker 3: list on there, that's a minor. That's what the m

734
00:36:39,560 --> 00:36:43,080
Speaker 3: in UTMA stands for. It's an account, an investment account

735
00:36:43,160 --> 00:36:46,839
Speaker 3: for minors. And then once they reach of age in

736
00:36:46,880 --> 00:36:50,520
Speaker 3: your state, so here in georgia's the age of twenty one,

737
00:36:50,600 --> 00:36:54,520
Speaker 3: then you have to relinquish that money to your child. Okay,

738
00:36:54,840 --> 00:36:58,560
Speaker 3: I would not recommend you putting too much money into

739
00:36:58,600 --> 00:37:01,720
Speaker 3: that account unless you want to give a lot away.

740
00:37:01,840 --> 00:37:05,880
Speaker 3: Usually my recommendation for the utilization of that account is

741
00:37:05,920 --> 00:37:08,000
Speaker 3: to teach your kids, hey, you know what we've been

742
00:37:08,000 --> 00:37:09,759
Speaker 3: saving for you this entire time. You can use it

743
00:37:09,800 --> 00:37:12,360
Speaker 3: to buy a car. That would be like a first

744
00:37:13,360 --> 00:37:17,680
Speaker 3: investment account that your kid can can own themselves. And

745
00:37:17,680 --> 00:37:21,080
Speaker 3: then of course the regular brokerage account or a KA

746
00:37:21,200 --> 00:37:23,839
Speaker 3: investment account that you can hold jointly with as many

747
00:37:23,880 --> 00:37:27,360
Speaker 3: people as you want or just on your own. You know,

748
00:37:27,440 --> 00:37:30,720
Speaker 3: you only pay taxes when you there's any capital gains

749
00:37:30,840 --> 00:37:35,560
Speaker 3: or uh investment income inside of that account, and you

750
00:37:35,560 --> 00:37:37,919
Speaker 3: can withdraw the money at any time. But the roth

751
00:37:37,920 --> 00:37:40,320
Speaker 3: iary you can't withdraw money at any time because technically

752
00:37:40,320 --> 00:37:41,400
Speaker 3: it's a retirement account.

753
00:37:42,239 --> 00:37:44,880
Speaker 2: Yeah, well, what about like when you're when you're investing

754
00:37:44,880 --> 00:37:47,800
Speaker 2: with the kid, Because I've heard friends, you know, they'll

755
00:37:48,719 --> 00:37:51,239
Speaker 2: I feel like there's always that anecdote of, well, you know,

756
00:37:51,360 --> 00:37:55,440
Speaker 2: my I just asked my son or my daughter or

757
00:37:55,520 --> 00:37:59,440
Speaker 2: my non binary child. It's fine that that you know,

758
00:37:59,520 --> 00:38:01,600
Speaker 2: you love me Donald's or you love Coca Cola, so

759
00:38:01,719 --> 00:38:04,000
Speaker 2: let's buy some stock and let's buy some shares. But

760
00:38:04,120 --> 00:38:07,279
Speaker 2: it's that I don't feel like that's maybe the best

761
00:38:07,320 --> 00:38:10,279
Speaker 2: way to go about teaching about the market, especially if,

762
00:38:10,320 --> 00:38:12,239
Speaker 2: like what you talked about is true, you're trying to

763
00:38:12,320 --> 00:38:15,400
Speaker 2: maximize your long term gains, and what are you putting

764
00:38:15,400 --> 00:38:17,560
Speaker 2: in these accounts or what are you investing in? Can

765
00:38:17,560 --> 00:38:20,040
Speaker 2: we kind of talk about, like for young children and

766
00:38:20,040 --> 00:38:22,719
Speaker 2: then adolescents and the teens, you know, what types of

767
00:38:22,800 --> 00:38:26,319
Speaker 2: vehicles you typically recommend folks invest in.

768
00:38:28,000 --> 00:38:30,240
Speaker 3: Yeah, I think I talked about this in the last

769
00:38:31,040 --> 00:38:34,720
Speaker 3: the last time we recorded, So I like to refer

770
00:38:34,840 --> 00:38:37,759
Speaker 3: to or use the analogy of cooking when we're investing.

771
00:38:38,440 --> 00:38:42,520
Speaker 3: Is you know, with most recipes, you always get salt

772
00:38:42,560 --> 00:38:44,560
Speaker 3: and pepper for the entree, right, so you add your

773
00:38:44,600 --> 00:38:49,279
Speaker 3: salt and pepper into the into your investment portfolio, and

774
00:38:49,320 --> 00:38:51,759
Speaker 3: then anything else sexier. I like to call the paprico

775
00:38:52,080 --> 00:38:54,720
Speaker 3: or adding the spices to your portfolio for that extra

776
00:38:54,800 --> 00:38:59,560
Speaker 3: oof and to boaster the growth inside the portfolio.

777
00:38:59,560 --> 00:39:03,560
Speaker 2: And see bagel seasoning from Trader Joe's. Yes, okay, yeah, gotcha,

778
00:39:04,080 --> 00:39:04,960
Speaker 2: Yes that's good.

779
00:39:05,560 --> 00:39:07,560
Speaker 3: Oh so when I say salt and pepper, I mean

780
00:39:07,680 --> 00:39:15,000
Speaker 3: like your typical dividend paying investments diversified portfolio ETFs. I'm

781
00:39:15,040 --> 00:39:18,279
Speaker 3: not a huge fan of mutual funds inside of your

782
00:39:18,480 --> 00:39:23,440
Speaker 3: portfolio because they typically have higher management fees and ETFs

783
00:39:23,440 --> 00:39:25,640
Speaker 3: are a little bit more tax efficient too, But that's

784
00:39:25,719 --> 00:39:29,840
Speaker 3: completely a different episode. Yeah, so, so just add some

785
00:39:29,880 --> 00:39:32,480
Speaker 3: salt and pepper. But I like the idea of teaching

786
00:39:32,480 --> 00:39:35,839
Speaker 3: your kid, Hey, do you do you like apple products? Well,

787
00:39:35,960 --> 00:39:38,040
Speaker 3: let's buy a couple of shares. This is how much

788
00:39:38,440 --> 00:39:40,239
Speaker 3: you know we'll put in there. Let's just say a

789
00:39:40,280 --> 00:39:42,360
Speaker 3: thousand dollars. Let's see how much it grows. This is

790
00:39:42,400 --> 00:39:45,080
Speaker 3: what a dividend is this is? And how is that

791
00:39:45,560 --> 00:39:50,160
Speaker 3: different than you know, growth inside of a portfolio. So

792
00:39:50,680 --> 00:39:54,120
Speaker 3: just to keep the portfolio diversified, I think it's great

793
00:39:54,120 --> 00:39:58,719
Speaker 3: to invest in some sort of you know, bonds or

794
00:39:58,800 --> 00:40:04,520
Speaker 3: fixed income slash equity market mixture as your salt and

795
00:40:04,520 --> 00:40:08,360
Speaker 3: pepper to the portfolio, but then adding in your special

796
00:40:08,400 --> 00:40:11,360
Speaker 3: interests with your child or your niece or nephew whomever,

797
00:40:12,360 --> 00:40:16,680
Speaker 3: minor child and ask him like, hey, let's let me

798
00:40:16,680 --> 00:40:18,880
Speaker 3: teach you a little bit about investing. What money can

799
00:40:18,920 --> 00:40:21,680
Speaker 3: really do for you? You know, Okay, you earn the money.

800
00:40:21,920 --> 00:40:24,960
Speaker 3: Here's some money to do the laundry or whatever it is.

801
00:40:25,840 --> 00:40:27,879
Speaker 3: What would you like to buy in your portfolio? Now

802
00:40:28,560 --> 00:40:30,640
Speaker 3: that this is you know, you earned your money. Here's

803
00:40:30,640 --> 00:40:33,359
Speaker 3: your ten dollars, put it into this account. Let's watch

804
00:40:33,440 --> 00:40:35,719
Speaker 3: it grow. Let me let me teach you how to

805
00:40:35,760 --> 00:40:38,440
Speaker 3: read these different charts. Let me teach you, you know,

806
00:40:38,480 --> 00:40:41,040
Speaker 3: how do you to go from ten dollars to twenty dollars?

807
00:40:41,280 --> 00:40:41,480
Speaker 1: Right?

808
00:40:41,760 --> 00:40:43,279
Speaker 3: And the within what time frame?

809
00:40:44,080 --> 00:40:47,520
Speaker 2: So if I feel like Roman is probably already managing

810
00:40:47,560 --> 00:40:52,080
Speaker 2: his own investments, but what has have you? They're wait

811
00:40:52,120 --> 00:40:56,200
Speaker 2: your needs a nephew there three and then say so fa.

812
00:40:56,239 --> 00:40:59,200
Speaker 1: Milias four and Lily is two and a half.

813
00:40:59,760 --> 00:41:03,160
Speaker 2: Okay, so what's your mean? I know that obviously their

814
00:41:03,200 --> 00:41:05,440
Speaker 2: parents part like, hey, budget needs to like chill out,

815
00:41:05,440 --> 00:41:09,520
Speaker 2: our kids are a little but how young is too young?

816
00:41:09,600 --> 00:41:10,760
Speaker 2: Do you feel like now.

817
00:41:10,600 --> 00:41:13,120
Speaker 1: I mean daughters right away, like the moment they were born.

818
00:41:13,560 --> 00:41:16,560
Speaker 1: I was like, hey, you know, Angelie, I want to

819
00:41:16,560 --> 00:41:20,440
Speaker 1: open up a Custodia account for my niece is a nephew.

820
00:41:20,440 --> 00:41:21,960
Speaker 1: And what I used to I used to put like

821
00:41:22,600 --> 00:41:24,719
Speaker 1: it started off as savings accounts until it was enough

822
00:41:24,760 --> 00:41:27,600
Speaker 1: to really like I thought invest yeah, and I used

823
00:41:27,600 --> 00:41:30,719
Speaker 1: to put like fifty bucks a month, and then Angelie

824
00:41:30,760 --> 00:41:33,360
Speaker 1: was like, or you can just put money in annually

825
00:41:33,560 --> 00:41:35,799
Speaker 1: because I was like I don't know why I was

826
00:41:35,840 --> 00:41:38,799
Speaker 1: doing it like that, and she was like I was like, oh, yeah,

827
00:41:38,880 --> 00:41:41,200
Speaker 1: that makes sense. So that's what we do now that

828
00:41:41,360 --> 00:41:44,520
Speaker 1: every year we make a lump sum transfer to the

829
00:41:44,600 --> 00:41:49,759
Speaker 1: kids accounts, including Alissa, and also to a Superman has

830
00:41:49,800 --> 00:41:52,879
Speaker 1: a has a young nephew that we also do that for.

831
00:41:53,680 --> 00:41:57,120
Speaker 1: And yeah, we chose. I specifically was like I didn't

832
00:41:57,160 --> 00:41:59,080
Speaker 1: want to do a five twenty nine plan only because

833
00:41:59,120 --> 00:42:03,200
Speaker 1: I just didn't know what college held especially for the

834
00:42:03,239 --> 00:42:06,480
Speaker 1: super young. Wee see at least like Supergirl is fourteen,

835
00:42:06,600 --> 00:42:09,160
Speaker 1: so she's going to college. You know, she's not so

836
00:42:09,239 --> 00:42:11,520
Speaker 1: far removed. But I mean Roman is five, We don't

837
00:42:11,560 --> 00:42:11,960
Speaker 1: even know.

838
00:42:12,280 --> 00:42:17,720
Speaker 2: You know, he's definitely gonna get some scholarship he's got

839
00:42:17,960 --> 00:42:18,320
Speaker 2: or something.

840
00:42:18,480 --> 00:42:20,680
Speaker 1: No, my nephew is like this well, I mean when

841
00:42:20,680 --> 00:42:22,360
Speaker 1: I always think about his father is a doctor, his

842
00:42:22,400 --> 00:42:26,799
Speaker 1: mother's engineer, and the way I'm just like he's telling time,

843
00:42:26,840 --> 00:42:28,680
Speaker 1: I'm like, I didn't tell time until I was in

844
00:42:28,680 --> 00:42:32,000
Speaker 1: fifth grade. And he's fine, so you know, but honestly

845
00:42:32,040 --> 00:42:33,799
Speaker 1: then too, we just don't know, like what's you know,

846
00:42:33,880 --> 00:42:36,160
Speaker 1: I don't know what the future is going to entail

847
00:42:36,200 --> 00:42:39,359
Speaker 1: for higher education, So for them, I especially didn't want that.

848
00:42:39,520 --> 00:42:43,200
Speaker 1: Plus my husband and I can afford to bankroll Alyssa's

849
00:42:43,480 --> 00:42:46,719
Speaker 1: Supergirl's college, like you know, we know we're going to

850
00:42:46,719 --> 00:42:50,640
Speaker 1: pay for it, and that's the ideal. But yeah, I mean,

851
00:42:50,680 --> 00:42:52,040
Speaker 1: I couldn't tell you. I'm I even gonna lie. I

852
00:42:52,080 --> 00:42:53,880
Speaker 1: just kind of like we opened up the account. I'm

853
00:42:53,880 --> 00:42:56,279
Speaker 1: sure I knew at one point. I'm not. I know

854
00:42:56,360 --> 00:42:59,680
Speaker 1: that I forgot what Angelie was telling me. Our investments

855
00:42:59,680 --> 00:43:02,799
Speaker 1: are like ninety ten, meaning like we're I'm putting more sure.

856
00:43:02,800 --> 00:43:04,800
Speaker 1: I think we're ninety percent in stocks and ten percent

857
00:43:04,840 --> 00:43:07,319
Speaker 1: and like bonds to your point, Helen, because they're so young,

858
00:43:08,440 --> 00:43:11,680
Speaker 1: so there's plenty of time. So for those of you listening,

859
00:43:12,160 --> 00:43:16,760
Speaker 1: this this greater risk with stocks, but also greater potential

860
00:43:16,800 --> 00:43:19,880
Speaker 1: return and so that's you know, but we're willing to

861
00:43:19,920 --> 00:43:22,480
Speaker 1: take the risk because they're so young, and I like

862
00:43:22,520 --> 00:43:24,759
Speaker 1: myself and my husband are older, so I think we're

863
00:43:24,760 --> 00:43:27,920
Speaker 1: pretty conservative. So I think we're like seventy percent, you know.

864
00:43:29,239 --> 00:43:31,239
Speaker 1: A Jelie's like, are you eighty I'm like, I know

865
00:43:32,200 --> 00:43:33,920
Speaker 1: that's pretty conservative for you.

866
00:43:34,560 --> 00:43:37,360
Speaker 4: I know, she recently pushed us to so she recently

867
00:43:37,360 --> 00:43:39,680
Speaker 4: pushed me to eighty because I'm like, really, like if

868
00:43:39,680 --> 00:43:41,560
Speaker 4: I'm like a scaredy cat when it comes to investing,

869
00:43:41,880 --> 00:43:43,640
Speaker 4: So she recently like, I think it's time to move

870
00:43:43,680 --> 00:43:46,279
Speaker 4: to eighty eight because when I saw the return on

871
00:43:46,360 --> 00:43:51,399
Speaker 4: investment that the kids accounts had in twenty twenty, She's like, yeah, yeah,

872
00:43:51,880 --> 00:43:57,480
Speaker 4: we wish, damn you they're rolling in dough. Meanwhile, Aunt

873
00:43:57,640 --> 00:43:59,440
Speaker 4: is like, I guess, I mean my return is obviously

874
00:43:59,440 --> 00:44:01,000
Speaker 4: you know everybody, I mean, you could throw a rock

875
00:44:01,040 --> 00:44:03,840
Speaker 4: at the wall and get a return in twenty twenty.

876
00:44:03,600 --> 00:44:08,920
Speaker 1: But yeah, no to your point aggressive, you know. But

877
00:44:09,200 --> 00:44:11,839
Speaker 1: to me, the biggest component I hope that everyone who's

878
00:44:11,840 --> 00:44:14,600
Speaker 1: listening is getting is that get you a Helen like

879
00:44:14,680 --> 00:44:18,360
Speaker 1: it No for real, because it's unless you are you

880
00:44:18,400 --> 00:44:21,920
Speaker 1: feel very confident on doing on your own. As much

881
00:44:21,960 --> 00:44:24,840
Speaker 1: as Maddy and I know about personal finance, I cannot

882
00:44:24,920 --> 00:44:26,400
Speaker 1: know all the things, nor do I want to keep

883
00:44:26,480 --> 00:44:28,719
Speaker 1: up with all the things. So we each have a

884
00:44:28,760 --> 00:44:33,759
Speaker 1: financial advisor, and so it's important to have guidance when

885
00:44:33,800 --> 00:44:37,320
Speaker 1: it comes to navigating your financial space. It's not for everyone.

886
00:44:37,360 --> 00:44:39,359
Speaker 1: It depends on where you are financially. I will say

887
00:44:39,360 --> 00:44:42,280
Speaker 1: that because you should have a certain amount of money

888
00:44:42,280 --> 00:44:44,640
Speaker 1: to be able to put away obviously, but you know

889
00:44:44,680 --> 00:44:48,160
Speaker 1: when you're ready. Having guidance will enable you to make

890
00:44:48,280 --> 00:44:51,840
Speaker 1: less costly mistakes like I have and Mandy has in

891
00:44:51,880 --> 00:44:53,839
Speaker 1: the past. Helen is one of my go to suit.

892
00:44:53,840 --> 00:44:56,040
Speaker 1: There's like three women I always suggest, and she's one

893
00:44:56,040 --> 00:45:00,640
Speaker 1: of them. My mentee, my mentee, she like loves how

894
00:45:00,719 --> 00:45:02,120
Speaker 1: if I gave her and my list of the three,

895
00:45:02,160 --> 00:45:05,280
Speaker 1: I said, it's always important that you interview people for yourself,

896
00:45:05,680 --> 00:45:08,560
Speaker 1: and she interviewed the three and was like, I love Helen.

897
00:45:08,600 --> 00:45:12,080
Speaker 1: I was like, great choice, and so the budget used

898
00:45:12,120 --> 00:45:17,520
Speaker 1: to approved bad. But I'm working on that for I'm

899
00:45:17,760 --> 00:45:20,800
Speaker 1: proudly now I'm working on like putting together like a

900
00:45:20,840 --> 00:45:23,960
Speaker 1: directory because so many people ask me, because I've started

901
00:45:23,960 --> 00:45:26,320
Speaker 1: to collect just really good people in the finance industry

902
00:45:26,360 --> 00:45:28,839
Speaker 1: and so yeah, no, Helen is definite nicked one of them.

903
00:45:29,520 --> 00:45:32,480
Speaker 2: Well listen, and in what Tiffany said is true. You

904
00:45:32,480 --> 00:45:35,160
Speaker 2: you you know you should definitely get you a Helen

905
00:45:35,239 --> 00:45:37,839
Speaker 2: or an Angulie, but you have to use them. It's

906
00:45:37,960 --> 00:45:40,720
Speaker 2: just like when I screw up, I got a Helen

907
00:45:40,840 --> 00:45:43,000
Speaker 2: and I'm still out here googling at three am, like

908
00:45:43,520 --> 00:45:45,920
Speaker 2: to safe. Okay, I know stuff, I know something.

909
00:45:45,960 --> 00:45:48,400
Speaker 3: Why didn't you just email me? I don't know, but

910
00:45:48,560 --> 00:45:49,320
Speaker 3: so quick.

911
00:45:49,480 --> 00:45:51,520
Speaker 2: Listen, you know i'd be great, Like your head is

912
00:45:51,560 --> 00:45:56,239
Speaker 2: just a fuzz after children and YadA, YadA, we'll talk.

913
00:45:56,280 --> 00:45:59,640
Speaker 2: We'll talk because Husby still wants this, damn Tesla Helen.

914
00:45:59,640 --> 00:46:04,480
Speaker 2: We gotta in one of those. Yeah, so you have to.

915
00:46:04,719 --> 00:46:08,279
Speaker 2: And I think one of the things Helen that I

916
00:46:08,320 --> 00:46:10,319
Speaker 2: haven't had is like a regular cadence. I think we

917
00:46:10,440 --> 00:46:12,359
Speaker 2: just fell off after we what is it? I got

918
00:46:12,360 --> 00:46:14,880
Speaker 2: the house and then life just life just went crazy.

919
00:46:14,920 --> 00:46:16,759
Speaker 2: But you're right, it's kind of like if you don't

920
00:46:16,760 --> 00:46:18,680
Speaker 2: go to the doctor after a while, you're like things

921
00:46:18,719 --> 00:46:20,680
Speaker 2: confessed her and you don't know about it unless you

922
00:46:20,719 --> 00:46:24,080
Speaker 2: do that check in. So you're right. I think we

923
00:46:24,200 --> 00:46:26,480
Speaker 2: just I need to automate my meetings with you so

924
00:46:26,520 --> 00:46:30,279
Speaker 2: that I can't get in my own way. And at

925
00:46:30,280 --> 00:46:33,080
Speaker 2: this point, financially, I know, early in our relationship it

926
00:46:33,200 --> 00:46:35,960
Speaker 2: was more of like, okay, you know, let's be judicious,

927
00:46:36,000 --> 00:46:38,440
Speaker 2: at least in my mind because I was in a

928
00:46:38,480 --> 00:46:40,759
Speaker 2: much different place financially. But now I'm just like, the

929
00:46:40,840 --> 00:46:44,759
Speaker 2: choices I'm making today have the potential to reward me

930
00:46:44,880 --> 00:46:47,960
Speaker 2: so much more if I use Helen like I'm just

931
00:46:48,040 --> 00:46:50,960
Speaker 2: I'm literally like wasting money by not talking to Helen

932
00:46:51,360 --> 00:46:55,279
Speaker 2: and actually paying her for her services because she has

933
00:46:55,320 --> 00:46:57,400
Speaker 2: all the knowledge and she can help me make the

934
00:46:57,480 --> 00:47:00,920
Speaker 2: right strategy so well to act.

935
00:47:01,000 --> 00:47:03,160
Speaker 1: Asked this question, I know someone's gonna ask Helen. How

936
00:47:03,200 --> 00:47:05,600
Speaker 1: do people find Helen's Like what should they be looking for?

937
00:47:06,000 --> 00:47:10,080
Speaker 1: And in what ways do people pay financial advisors like you?

938
00:47:11,280 --> 00:47:15,360
Speaker 3: Yeah, some I'm a fee only advisor and there's misconceptions

939
00:47:15,480 --> 00:47:19,040
Speaker 3: or misunderstanding about fee only and fee based. Fee base

940
00:47:19,160 --> 00:47:22,520
Speaker 3: means that you get paid a commission. The advisor gets

941
00:47:22,520 --> 00:47:26,320
Speaker 3: paid a commission and an hourly rate or a subscription

942
00:47:26,480 --> 00:47:30,160
Speaker 3: or percentage of your assets. I don't get paid by commissions.

943
00:47:30,160 --> 00:47:34,080
Speaker 3: I purely just get paid by giving you advice. So

944
00:47:34,200 --> 00:47:36,480
Speaker 3: you can find me on my website. I think I'm

945
00:47:36,480 --> 00:47:39,640
Speaker 3: pretty googleable. Just type in Helen no in go is

946
00:47:39,680 --> 00:47:41,759
Speaker 3: my last name? How you spell and pronounce it is

947
00:47:41,840 --> 00:47:46,560
Speaker 3: no like CEO, and just go to my website Capitol

948
00:47:46,560 --> 00:47:50,200
Speaker 3: Benchmark Partners dot com. But the way we get paid

949
00:47:50,400 --> 00:47:53,919
Speaker 3: is we charge like attorneys, a retainer fee and then

950
00:47:54,040 --> 00:47:56,640
Speaker 3: an hourly rate, and if you want us to help

951
00:47:56,640 --> 00:47:59,000
Speaker 3: you manage your investments, then is just a percentage of

952
00:47:59,040 --> 00:48:00,000
Speaker 3: the investment assets.

953
00:48:00,080 --> 00:48:00,959
Speaker 1: But we do not.

954
00:48:00,880 --> 00:48:06,000
Speaker 3: Push any products or any commission based investment vehicles or

955
00:48:06,000 --> 00:48:06,719
Speaker 3: anything like that.

956
00:48:07,000 --> 00:48:12,279
Speaker 2: Where did the other Hellns hang out? You can't help everybody? Yeah,

957
00:48:12,360 --> 00:48:14,080
Speaker 2: where are the other Helens? I found you through the

958
00:48:14,200 --> 00:48:16,239
Speaker 2: x Y Planning network back in the day, way back

959
00:48:16,280 --> 00:48:18,160
Speaker 2: in the day. But yeah, where do you recommend people

960
00:48:18,239 --> 00:48:21,879
Speaker 2: go to start interviewing and finding different planners for them?

961
00:48:22,400 --> 00:48:25,360
Speaker 3: X Y is a great place You can also go

962
00:48:25,360 --> 00:48:28,279
Speaker 3: to NAPFA in a PFA, or you can go to

963
00:48:28,320 --> 00:48:32,800
Speaker 3: the Garrett Network. I believe that network is specially for

964
00:48:33,320 --> 00:48:35,880
Speaker 3: hourly financial planners, so if you're looking for like a

965
00:48:35,920 --> 00:48:38,160
Speaker 3: one time plan, that would be a great place to start.

966
00:48:39,000 --> 00:48:42,920
Speaker 3: Forbes also has a list of financial planners that you

967
00:48:42,960 --> 00:48:45,719
Speaker 3: can find. The only reason I know this because I'm

968
00:48:45,800 --> 00:48:49,880
Speaker 3: awareless down there too. So yeah, those are three places

969
00:48:50,040 --> 00:48:53,000
Speaker 3: I would just look at first, or the CFP website,

970
00:48:53,000 --> 00:48:56,560
Speaker 3: and I think now you can filter out the type

971
00:48:56,560 --> 00:48:58,839
Speaker 3: of advisor you wanted in what region and all that.

972
00:48:59,080 --> 00:49:01,480
Speaker 2: Okay, awesome. What have it we covered when it comes

973
00:49:01,480 --> 00:49:03,680
Speaker 2: to kids and saving? I mean, I feel like I

974
00:49:03,719 --> 00:49:05,799
Speaker 2: just want to do this episode justice because I know

975
00:49:05,840 --> 00:49:07,759
Speaker 2: we get lots and lots of questions about it, But

976
00:49:07,840 --> 00:49:11,320
Speaker 2: any other big things, Helen, you think we should you know, cover?

977
00:49:12,840 --> 00:49:15,399
Speaker 3: I mean, I just want to reinforce don't don't get

978
00:49:15,400 --> 00:49:20,120
Speaker 3: so narrow focused on just college. Think about the lifestyle

979
00:49:20,200 --> 00:49:22,880
Speaker 3: you want to provide for your kid and all of

980
00:49:22,920 --> 00:49:26,879
Speaker 3: his or her different life stages. Really, I think that's

981
00:49:26,920 --> 00:49:29,840
Speaker 3: the bigger question at play, and what money lessons you

982
00:49:29,880 --> 00:49:31,000
Speaker 3: want to teach your child.

983
00:49:31,560 --> 00:49:33,960
Speaker 2: I love that you've actually helped me a lot because

984
00:49:34,719 --> 00:49:37,399
Speaker 2: I think intellectually, I know it's important to name your

985
00:49:37,440 --> 00:49:39,960
Speaker 2: individual savings goals, but when it came to a kid,

986
00:49:41,000 --> 00:49:43,960
Speaker 2: you just hearing you mention and getting my gears turning

987
00:49:44,000 --> 00:49:50,640
Speaker 2: about activities, you know, babysitting camp, things like that school trip,

988
00:49:50,719 --> 00:49:53,520
Speaker 2: school fees, you know, vacation. I don't want my kid

989
00:49:53,560 --> 00:49:55,359
Speaker 2: to travel for the first amount of the country, yeah,

990
00:49:55,400 --> 00:49:59,040
Speaker 2: vacation until they're well into college. Like so it's like

991
00:49:59,080 --> 00:50:01,359
Speaker 2: having a whole another or me where I need like

992
00:50:01,520 --> 00:50:05,080
Speaker 2: the kid version of all my different goals accounts because

993
00:50:05,160 --> 00:50:07,400
Speaker 2: it also takes away that because one of the things

994
00:50:07,520 --> 00:50:09,440
Speaker 2: I think that hurts people with their savings goals is

995
00:50:09,440 --> 00:50:12,160
Speaker 2: they'll have like a big savings goal and it's just

996
00:50:12,200 --> 00:50:15,040
Speaker 2: like savings or it's you know, maybe it's retirement or

997
00:50:15,880 --> 00:50:18,400
Speaker 2: maybe not retirement because you're investing for that, but you know,

998
00:50:18,480 --> 00:50:20,959
Speaker 2: some big goal and then then the car breaks down

999
00:50:21,239 --> 00:50:23,239
Speaker 2: or you want to take that vacation and you end

1000
00:50:23,320 --> 00:50:27,760
Speaker 2: up dipping into that one generic goal, that one generic

1001
00:50:27,840 --> 00:50:30,520
Speaker 2: savings fund and you kind of feel bad about it

1002
00:50:30,640 --> 00:50:33,839
Speaker 2: or like oh, you know, and this almost like if

1003
00:50:33,840 --> 00:50:36,520
Speaker 2: you break it up and do several goals, then it

1004
00:50:36,560 --> 00:50:38,719
Speaker 2: helps you. Well, one, you realize oh crap, I got

1005
00:50:38,719 --> 00:50:40,719
Speaker 2: to say way more than I thought I did. But

1006
00:50:40,760 --> 00:50:44,480
Speaker 2: then second, like you plan to be you plan to

1007
00:50:44,480 --> 00:50:47,240
Speaker 2: be dipping into it and then replenishing it all the time.

1008
00:50:48,360 --> 00:50:52,200
Speaker 3: Yeah. Yeah, And again, one last thing that I want

1009
00:50:52,239 --> 00:50:55,760
Speaker 3: to add is not just you know, investing in saving

1010
00:50:55,800 --> 00:50:59,000
Speaker 3: for your child doesn't necessarily have to happen through putting

1011
00:50:59,040 --> 00:51:01,720
Speaker 3: money into an account. It can happen through your earning

1012
00:51:01,760 --> 00:51:04,960
Speaker 3: ability too. Like I had mentioned earlier with lu Tiffany

1013
00:51:05,000 --> 00:51:07,920
Speaker 3: on that one.

1014
00:51:07,360 --> 00:51:11,200
Speaker 2: You can like, yeah, you can invest in yourself, which

1015
00:51:11,280 --> 00:51:14,400
Speaker 2: is true, and it's almost like permission. Once you have

1016
00:51:14,440 --> 00:51:17,600
Speaker 2: a kid doesn't mean that you stop, you know, putting

1017
00:51:17,640 --> 00:51:20,279
Speaker 2: away things for your own because we're still young. I

1018
00:51:20,320 --> 00:51:24,440
Speaker 2: don't remember that we still got things to do ourselves.

1019
00:51:24,920 --> 00:51:26,799
Speaker 2: Life doesn't have to end yet. Thank you for that

1020
00:51:26,840 --> 00:51:30,799
Speaker 2: reminder for sure. Well, Helen, thank you so much for

1021
00:51:30,880 --> 00:51:33,879
Speaker 2: joining us yet again. You guys got to go check

1022
00:51:33,880 --> 00:51:37,440
Speaker 2: out Helen's website. Capital Benchmark Partners will include link in

1023
00:51:37,480 --> 00:51:40,640
Speaker 2: our show notes and where else can they find you?

1024
00:51:40,680 --> 00:51:44,800
Speaker 2: I'm sure Capital Benchmark on all the socials and yeah,

1025
00:51:44,800 --> 00:51:45,840
Speaker 2: she's very googleable.

1026
00:51:46,760 --> 00:51:47,680
Speaker 3: Thank you for having me.

1027
00:52:20,600 --> 00:52:25,960
Speaker 1: And now it's time due poo stell break up, still,

1028
00:52:26,000 --> 00:52:31,720
Speaker 1: break up, boom stop break. Someone told me not last episode,

1029
00:52:31,719 --> 00:52:33,600
Speaker 1: but it was one episode. They were like, girl, you

1030
00:52:33,719 --> 00:52:37,239
Speaker 1: sounded tad. I was like, I wasn't even tired, you know,

1031
00:52:37,440 --> 00:52:40,640
Speaker 1: so judge, you know, but you know that's like the

1032
00:52:40,640 --> 00:52:43,560
Speaker 1: worst one telling like, oh maybe you okay, you look tired.

1033
00:52:43,600 --> 00:52:47,879
Speaker 1: You're like me while you're like I hate when people

1034
00:52:47,880 --> 00:52:50,719
Speaker 1: tell me all look tired. I'm like, I'm actually not,

1035
00:52:50,960 --> 00:52:56,360
Speaker 1: but okay. So anyway, that's a little energy for you.

1036
00:52:56,840 --> 00:53:00,319
Speaker 1: So yes, are you going to boost or are you

1037
00:53:00,400 --> 00:53:03,200
Speaker 1: going to do it? I'm actually mineus like a neutral.

1038
00:53:03,200 --> 00:53:05,040
Speaker 1: It's not a booster break. It's kind of like, yikes,

1039
00:53:05,040 --> 00:53:05,640
Speaker 1: what's going on?

1040
00:53:06,480 --> 00:53:09,040
Speaker 2: Can I do a boost? It's gonna sound pretty generic,

1041
00:53:09,080 --> 00:53:10,920
Speaker 2: but I have put some thought into this, and it's

1042
00:53:10,960 --> 00:53:14,080
Speaker 2: also going to sound silly because this is like, this

1043
00:53:14,160 --> 00:53:15,960
Speaker 2: is our audience and this is who we are. But

1044
00:53:16,680 --> 00:53:19,080
Speaker 2: I want to do a boost specifically for black women,

1045
00:53:19,920 --> 00:53:21,839
Speaker 2: and I want to do a boost for black women

1046
00:53:21,880 --> 00:53:25,960
Speaker 2: at work and the black women, especially in corporate America

1047
00:53:26,000 --> 00:53:28,239
Speaker 2: when it can feel like you're one of a few.

1048
00:53:29,320 --> 00:53:31,560
Speaker 2: I know there's lots of people who who don't have

1049
00:53:31,600 --> 00:53:33,520
Speaker 2: a choice but to work in places where maybe they're

1050
00:53:33,560 --> 00:53:36,120
Speaker 2: the only one or one a few. And I just

1051
00:53:36,280 --> 00:53:40,839
Speaker 2: was reflecting recently on over my career, how many like

1052
00:53:40,880 --> 00:53:43,200
Speaker 2: the truly and you know, you were talking about Lynette

1053
00:53:43,239 --> 00:53:45,600
Speaker 2: Kalfani Cox last week and how she really poured into you.

1054
00:53:45,640 --> 00:53:47,720
Speaker 2: And I was thinking back on my career, and I'm thinking,

1055
00:53:47,760 --> 00:53:52,000
Speaker 2: who are the most Who were the people who didn't

1056
00:53:52,040 --> 00:53:56,000
Speaker 2: never make me feel like asking for support or asking

1057
00:53:56,080 --> 00:53:59,440
Speaker 2: for you know, to chat or asking for advice was

1058
00:53:59,480 --> 00:54:02,919
Speaker 2: a burden them? And who really just took time out

1059
00:54:02,960 --> 00:54:05,520
Speaker 2: to really pour into me and to help me when

1060
00:54:05,560 --> 00:54:08,480
Speaker 2: I was struggling and literally wanted me to succeed without

1061
00:54:08,520 --> 00:54:11,560
Speaker 2: knowing anything about me, just because they knew how hard

1062
00:54:11,560 --> 00:54:14,040
Speaker 2: it was out there for us in that environment. And

1063
00:54:14,640 --> 00:54:16,200
Speaker 2: I just got on my feels a little bit. So

1064
00:54:16,360 --> 00:54:18,319
Speaker 2: if you're out there and you're a black woman, I

1065
00:54:18,440 --> 00:54:23,120
Speaker 2: just love us. I love how we really lean on

1066
00:54:23,120 --> 00:54:26,040
Speaker 2: one another, even if it's the smallest thing you can do,

1067
00:54:26,160 --> 00:54:28,279
Speaker 2: just reaching out to a even a colleague that you

1068
00:54:28,360 --> 00:54:31,239
Speaker 2: don't even know that well, just to offer support or

1069
00:54:31,280 --> 00:54:34,200
Speaker 2: to see how they're doing, especially at times like this.

1070
00:54:35,040 --> 00:54:40,319
Speaker 2: I have just been blessed with the Black sisterhood that is,

1071
00:54:40,840 --> 00:54:44,760
Speaker 2: you know, in these in these quiet places in corporate America.

1072
00:54:44,880 --> 00:54:48,040
Speaker 2: So just thank you. I love us, and we take care,

1073
00:54:48,200 --> 00:54:50,719
Speaker 2: we take good care of each other. And I'm just

1074
00:54:50,960 --> 00:54:56,040
Speaker 2: that's what I just came here to say. That includes U, Tiff. Obviously, Yeah,

1075
00:54:56,080 --> 00:54:58,160
Speaker 2: that sounds generic, but I really have been reflecting on

1076
00:54:58,200 --> 00:54:59,680
Speaker 2: that lately, and it means a lot.

1077
00:55:00,800 --> 00:55:03,879
Speaker 1: Well, you love girl, you loved Okay. People always whatever,

1078
00:55:03,920 --> 00:55:06,719
Speaker 1: they seem like, give this hug the mandra I'm like,

1079
00:55:06,840 --> 00:55:09,439
Speaker 1: I don't like hugs, and they're like, I know, he goes.

1080
00:55:11,920 --> 00:55:16,040
Speaker 1: So this is not necessarily like a it's not definitely

1081
00:55:16,080 --> 00:55:17,560
Speaker 1: not a boost, and I don't know if it's a break.

1082
00:55:17,920 --> 00:55:21,160
Speaker 1: But Bill and Linda Gates are getting a divorce.

1083
00:55:21,360 --> 00:55:23,399
Speaker 2: I just saw that. I was like, do I talk?

1084
00:55:23,440 --> 00:55:25,719
Speaker 2: Why does this mean something to me? But it does.

1085
00:55:26,800 --> 00:55:28,799
Speaker 2: Even billionaires can't do it, I know.

1086
00:55:28,920 --> 00:55:32,080
Speaker 1: I'm just like, so they've been married for twenty seven years.

1087
00:55:33,400 --> 00:55:38,759
Speaker 1: I just yeah, but they say that they're gonna, you know,

1088
00:55:39,520 --> 00:55:42,000
Speaker 1: they're gonna continue like their their foundation together.

1089
00:55:43,239 --> 00:55:46,080
Speaker 2: But I hope so, I mean that foundations massive.

1090
00:55:45,880 --> 00:55:47,880
Speaker 1: Yes, and they've done such good work. I just I

1091
00:55:47,880 --> 00:55:50,920
Speaker 1: honestly don't know what to say because you know, you

1092
00:55:50,960 --> 00:55:56,359
Speaker 1: think to yourself, why.

1093
00:55:54,080 --> 00:55:56,000
Speaker 2: He does seem like a difficult person. Do you see

1094
00:55:56,000 --> 00:55:56,719
Speaker 2: the documentary?

1095
00:55:56,840 --> 00:55:59,719
Speaker 1: Yes, he seems like she seemed like she's like.

1096
00:56:00,200 --> 00:56:02,560
Speaker 2: Yeah, I feel like he's not gonna do date night

1097
00:56:02,880 --> 00:56:05,279
Speaker 2: very well. You know what I mean. Bill Gates ain't

1098
00:56:05,320 --> 00:56:08,640
Speaker 2: here for the rose petals. I've been loving that Bruno

1099
00:56:08,719 --> 00:56:10,799
Speaker 2: Mars song. I find any excuse to break into song

1100
00:56:10,880 --> 00:56:14,040
Speaker 2: now with that leave the door open and there's one whatever.

1101
00:56:14,239 --> 00:56:19,600
Speaker 2: I'm stop with these like these these side spiraling mental thoughts, Mandy,

1102
00:56:19,920 --> 00:56:23,080
Speaker 2: But yeah, Bill Gates seems really difficult. There was like

1103
00:56:23,080 --> 00:56:26,000
Speaker 2: a there was a documentary on Netflix, and I think

1104
00:56:26,040 --> 00:56:29,240
Speaker 2: she even spoke just about the challenges of being carried

1105
00:56:29,239 --> 00:56:30,320
Speaker 2: to a genius scene.

1106
00:56:30,520 --> 00:56:32,240
Speaker 1: She even said she's like, I don't think my husband's

1107
00:56:32,239 --> 00:56:36,080
Speaker 1: that interesting. I was like, gay, I didn't know, you know, like,

1108
00:56:36,120 --> 00:56:37,440
Speaker 1: but you know that's the kind of iyroll you gave

1109
00:56:37,440 --> 00:56:40,280
Speaker 1: when someone's like, oh my gosh, you like girl, please

1110
00:56:40,600 --> 00:56:41,920
Speaker 1: have you seen his underwear? Please?

1111
00:56:42,960 --> 00:56:46,040
Speaker 2: Melnda. Part of me is like listen. As a child

1112
00:56:46,120 --> 00:56:48,040
Speaker 2: of divorce, I remember thinking my mom was such a

1113
00:56:48,080 --> 00:56:50,480
Speaker 2: hero when okay, this is not to shade my dad,

1114
00:56:50,560 --> 00:56:52,960
Speaker 2: it was it was I've learned since then, there's there's

1115
00:56:53,160 --> 00:56:55,399
Speaker 2: two sides of the story. But anyway, at the time,

1116
00:56:55,440 --> 00:56:57,399
Speaker 2: I was like, Wow, my mom is so brave. She's

1117
00:56:57,480 --> 00:57:01,080
Speaker 2: choosing joy, she's choosing herself and and you know, and

1118
00:57:01,400 --> 00:57:03,600
Speaker 2: she didn't have billions of dollars at her behest. But

1119
00:57:04,120 --> 00:57:05,960
Speaker 2: I always feel like, if it's the best thing for

1120
00:57:06,000 --> 00:57:08,480
Speaker 2: a couple, especially if they're older, I mean, they're not

1121
00:57:09,000 --> 00:57:10,799
Speaker 2: super young anymore, and they still have a lot of

1122
00:57:10,800 --> 00:57:14,600
Speaker 2: life to live, it's almost like they've chosen, they've chosen joy,

1123
00:57:14,840 --> 00:57:18,280
Speaker 2: and they've chosen, you know, the right thing for themselves

1124
00:57:18,440 --> 00:57:20,760
Speaker 2: versus whatever the public is going to think about them.

1125
00:57:20,920 --> 00:57:23,480
Speaker 1: Yeah, and also too, I suspect I don't know how

1126
00:57:23,520 --> 00:57:26,680
Speaker 1: old their children are, but I suspect that probably was

1127
00:57:26,680 --> 00:57:28,480
Speaker 1: in the works for a little while and they were

1128
00:57:28,480 --> 00:57:30,240
Speaker 1: waiting for their kids to get a little older, you know.

1129
00:57:31,360 --> 00:57:33,480
Speaker 2: Yeah, yeah, I one of her friends of mine who

1130
00:57:33,480 --> 00:57:35,760
Speaker 2: are like parents divorce. There are parents who wait till

1131
00:57:35,800 --> 00:57:37,320
Speaker 2: the kids are grown, you know, in college, and then

1132
00:57:37,360 --> 00:57:39,640
Speaker 2: they get divorced and then the kids are so like

1133
00:57:39,640 --> 00:57:41,640
Speaker 2: sometimes gonn be so devastated. And I'm like, I don't

1134
00:57:41,640 --> 00:57:44,280
Speaker 2: know what's worse when you're ten or when you're twenty five.

1135
00:57:44,360 --> 00:57:46,880
Speaker 2: I don't know, it's it's hard, but it is.

1136
00:57:47,640 --> 00:57:49,840
Speaker 1: Yeah, So, I mean there's definitely a booster break. But

1137
00:57:49,840 --> 00:57:51,520
Speaker 1: I just when I saw I was like, wait what,

1138
00:57:53,080 --> 00:57:56,000
Speaker 1: So I guess we'll see. They don't seem messy. I

1139
00:57:56,040 --> 00:57:58,200
Speaker 1: mean when Jeff Basils and his wife got divorced, Jeff

1140
00:57:58,200 --> 00:58:00,000
Speaker 1: Besils seems messy though I don't.

1141
00:57:59,840 --> 00:58:01,200
Speaker 2: Know he was.

1142
00:58:03,160 --> 00:58:05,520
Speaker 1: I mean, you know, so I know, so I guess

1143
00:58:05,600 --> 00:58:10,040
Speaker 1: we'll see what comes out of this. But it doesn't.

1144
00:58:10,080 --> 00:58:13,200
Speaker 1: Bill doesn't seem like he was a tom katting around like, yeah,

1145
00:58:13,240 --> 00:58:16,000
Speaker 1: I got all these ladies. I mean, you never know.

1146
00:58:16,080 --> 00:58:18,800
Speaker 1: I will say that you never knew, but you know,

1147
00:58:19,000 --> 00:58:21,000
Speaker 1: I don't know. She just you know. I mean obviously

1148
00:58:21,000 --> 00:58:25,400
Speaker 1: people choose happiness, choose themselves and so so yeah, I mean.

1149
00:58:26,120 --> 00:58:30,560
Speaker 2: People give what do we I know, especially black Twitter

1150
00:58:30,600 --> 00:58:32,480
Speaker 2: loves whenever Will and Jada come out with something new

1151
00:58:32,480 --> 00:58:35,400
Speaker 2: about their relationship, and I know that there's I think

1152
00:58:35,440 --> 00:58:40,200
Speaker 2: that there's become this this this growing support for or

1153
00:58:40,240 --> 00:58:43,600
Speaker 2: growing like a questioning of why are they still together

1154
00:58:43,640 --> 00:58:46,000
Speaker 2: if it seems like they really have struggled so much?

1155
00:58:46,440 --> 00:58:49,560
Speaker 2: And there's this line of thinking around like they have

1156
00:58:49,640 --> 00:58:51,520
Speaker 2: come out and said how tough things have been, and

1157
00:58:51,560 --> 00:58:57,040
Speaker 2: like talked about affairs that they've had, and it's almost like,

1158
00:58:57,120 --> 00:59:00,280
Speaker 2: at what point, what are you staying for? You know,

1159
00:59:00,400 --> 00:59:03,960
Speaker 2: are you staying because it truly is best for you,

1160
00:59:04,240 --> 00:59:07,880
Speaker 2: or are you staying because you just want to you know,

1161
00:59:07,920 --> 00:59:10,200
Speaker 2: you believe in the institution or I know some people

1162
00:59:10,240 --> 00:59:12,840
Speaker 2: feel like it's religious they have to they don't want

1163
00:59:12,840 --> 00:59:16,480
Speaker 2: to disappoint, you know, or fall out of line with

1164
00:59:16,520 --> 00:59:20,240
Speaker 2: their beliefs and things like that. But I yeah, it's

1165
00:59:20,280 --> 00:59:24,040
Speaker 2: it's tough. I just feel like we were just talking about,

1166
00:59:24,160 --> 00:59:26,959
Speaker 2: you know, doing what makes you feel happiest. And dude,

1167
00:59:26,960 --> 00:59:29,320
Speaker 2: if I wake up and I'm in my sixties and

1168
00:59:30,200 --> 00:59:32,280
Speaker 2: miserable with husband, I mean, god forbid, I don't think

1169
00:59:32,280 --> 00:59:34,600
Speaker 2: I will, but you know, miserable with husbany. I hope

1170
00:59:34,640 --> 00:59:38,600
Speaker 2: that we're brave enough even then to to find joy,

1171
00:59:39,000 --> 00:59:41,400
Speaker 2: to you know, to find it, to start a new

1172
00:59:41,480 --> 00:59:43,120
Speaker 2: chapter and to find joy.

1173
00:59:43,880 --> 00:59:46,920
Speaker 1: I feel like, honestly, maybe because I got married, like later,

1174
00:59:47,960 --> 00:59:50,880
Speaker 1: me and me and men, I always are like, tell geeze,

1175
00:59:51,000 --> 00:59:56,480
Speaker 1: I am not saying not that I'm like, we'll be

1176
00:59:56,720 --> 00:59:59,440
Speaker 1: I mean I see how he is as a co parent.

1177
01:00:00,040 --> 01:00:05,840
Speaker 1: He's great, you know, with super super Girl's mom, and

1178
01:00:05,920 --> 01:00:08,320
Speaker 1: he's a great father whether or not. You know you

1179
01:00:09,240 --> 01:00:10,760
Speaker 1: you know, we have her literally half the time, two

1180
01:00:10,760 --> 01:00:12,600
Speaker 1: weeks on, two weeks off, three weeks on, three weeks off.

1181
01:00:12,600 --> 01:00:14,800
Speaker 1: That's what we do. So I see how he is.

1182
01:00:14,800 --> 01:00:17,400
Speaker 1: He's an amazing father. Like literally I was. He came

1183
01:00:17,440 --> 01:00:19,040
Speaker 1: downstairs today. I was like, oh, come sit with me

1184
01:00:19,080 --> 01:00:21,600
Speaker 1: on the couch. He said, nope, it's Supergirl time because

1185
01:00:21,600 --> 01:00:24,480
Speaker 1: she was out outside on the front porch just chilling,

1186
01:00:25,080 --> 01:00:26,520
Speaker 1: and so I just thought that was so cute. And

1187
01:00:26,560 --> 01:00:28,240
Speaker 1: so he's like, I'll get you later on tonight. I

1188
01:00:28,280 --> 01:00:33,040
Speaker 1: was like, whatever, No, But I love that honestly that

1189
01:00:33,080 --> 01:00:36,360
Speaker 1: he like makes a concerted effort to say, spend time

1190
01:00:36,440 --> 01:00:39,080
Speaker 1: with my daughter. You know, what are the fun things

1191
01:00:39,080 --> 01:00:40,760
Speaker 1: she likes to do? You should have seen this morning.

1192
01:00:40,760 --> 01:00:44,240
Speaker 1: He he is such a what is it? It's a curmudgeon?

1193
01:00:44,280 --> 01:00:44,680
Speaker 1: What are those?

1194
01:00:44,760 --> 01:00:44,800
Speaker 3: What?

1195
01:00:45,160 --> 01:00:49,120
Speaker 1: What's the old person? Like? Just the key theory. Yes,

1196
01:00:49,200 --> 01:00:51,280
Speaker 1: he is very ordinary. In the morning, he made her

1197
01:00:51,480 --> 01:00:53,960
Speaker 1: pancakes and eggs and all this stuff. So he knocked

1198
01:00:54,000 --> 01:00:56,280
Speaker 1: out the door, good morning baby. I guess she didn't

1199
01:00:56,320 --> 01:00:57,640
Speaker 1: move fast enough froim. He was like, are you the

1200
01:00:57,720 --> 01:00:59,960
Speaker 1: queen of Sheba, I made you breakfast? Get up again.

1201
01:01:00,200 --> 01:01:02,800
Speaker 1: I was like, how you She didn't ask for your breakfast.

1202
01:01:02,880 --> 01:01:04,800
Speaker 1: You came in the room. I'm sure the girl was tired,

1203
01:01:05,160 --> 01:01:06,680
Speaker 1: and you look at her like, get up and get

1204
01:01:06,720 --> 01:01:09,000
Speaker 1: your breakfast quickly. So I just thought that was like,

1205
01:01:09,080 --> 01:01:10,760
Speaker 1: that is so Superman. But I say all that to

1206
01:01:10,760 --> 01:01:13,360
Speaker 1: say that as much as I love him, I love

1207
01:01:13,440 --> 01:01:17,920
Speaker 1: my self and I'm not staying unhappy, right yeah, because

1208
01:01:18,360 --> 01:01:20,959
Speaker 1: you know it's possible to me looking at the way

1209
01:01:21,800 --> 01:01:25,840
Speaker 1: Alyssa has turned out. She is smart, she is respectful.

1210
01:01:25,920 --> 01:01:27,520
Speaker 1: I mean, now come, remember we had some times well

1211
01:01:27,560 --> 01:01:31,320
Speaker 1: she was never disrespectful, just sassy, but she is respectful.

1212
01:01:31,760 --> 01:01:35,000
Speaker 1: She is just like an all around honestly an awesome kid.

1213
01:01:35,560 --> 01:01:39,120
Speaker 1: And she's you know, raised by two parents wh were

1214
01:01:39,120 --> 01:01:43,000
Speaker 1: not together and yet honestly, I mean, you know, I

1215
01:01:43,480 --> 01:01:45,440
Speaker 1: was a teacher for so many years. I don't know,

1216
01:01:45,560 --> 01:01:47,840
Speaker 1: like she's just I don't want to say well adjusted

1217
01:01:47,840 --> 01:01:50,160
Speaker 1: because they haven't been together since she was like three.

1218
01:01:50,680 --> 01:01:55,680
Speaker 1: But it's possible to raise a happy, smart, great kid

1219
01:01:55,840 --> 01:01:57,880
Speaker 1: even if you're not together. That's proof positive.

1220
01:01:57,960 --> 01:02:02,240
Speaker 2: So oh yeah, so and your kids like my mom

1221
01:02:02,800 --> 01:02:05,160
Speaker 2: my favorite years as with my with my mom, I

1222
01:02:05,200 --> 01:02:08,000
Speaker 2: always think, but the golden years was after that divorce

1223
01:02:08,120 --> 01:02:10,400
Speaker 2: because she was so free. It was fun to can

1224
01:02:10,440 --> 01:02:12,960
Speaker 2: watch her get dressed up for a date. And the

1225
01:02:13,080 --> 01:02:15,120
Speaker 2: lesson I learned from that, you know, once I got

1226
01:02:15,160 --> 01:02:16,720
Speaker 2: older and she was like, yeah, we were. It was

1227
01:02:16,760 --> 01:02:20,200
Speaker 2: really stressful obviously, and I was devastated, but I remember

1228
01:02:21,200 --> 01:02:24,960
Speaker 2: before that it was just it was anger and arguments

1229
01:02:25,040 --> 01:02:28,640
Speaker 2: and bad and I think if you have kids especially,

1230
01:02:29,000 --> 01:02:30,760
Speaker 2: but also it's for your own happiness. I mean, no

1231
01:02:30,760 --> 01:02:33,080
Speaker 2: one wants to live in that kind of environment. It's

1232
01:02:33,120 --> 01:02:35,520
Speaker 2: just life is too short, you know, like life is

1233
01:02:35,560 --> 01:02:38,240
Speaker 2: too short, and I think you have to take time

1234
01:02:38,280 --> 01:02:40,760
Speaker 2: and do what's right for you. But sometimes you have

1235
01:02:40,840 --> 01:02:44,800
Speaker 2: to be brave enough to, yeah, to put yourself first,

1236
01:02:44,800 --> 01:02:47,240
Speaker 2: and to put your happiness first, above what other people think,

1237
01:02:47,280 --> 01:02:51,080
Speaker 2: and above you know, the perfect idea of whatever the

1238
01:02:51,160 --> 01:02:54,520
Speaker 2: relationship is. And it's and it's okay as married women

1239
01:02:54,560 --> 01:02:57,680
Speaker 2: to talk about that too. I think it's it's just

1240
01:02:57,760 --> 01:03:00,000
Speaker 2: for me. It's like planning for you know, having life

1241
01:03:00,000 --> 01:03:02,720
Speaker 2: life insurance that hope we never use it, you know,

1242
01:03:02,760 --> 01:03:05,400
Speaker 2: hope I don't die. It's uncomfortable to talk about death,

1243
01:03:05,440 --> 01:03:07,920
Speaker 2: but it's uncomfortable to talk about divorce, but why not?

1244
01:03:08,120 --> 01:03:12,040
Speaker 2: Why not talk about it and and you know, have

1245
01:03:12,120 --> 01:03:14,600
Speaker 2: a plan for what if it doesn't take away anything

1246
01:03:14,600 --> 01:03:18,200
Speaker 2: from your relationship. But financially, I've always been prepared. I've

1247
01:03:18,200 --> 01:03:21,320
Speaker 2: been prepared to walk from a relationship before I even

1248
01:03:21,480 --> 01:03:23,120
Speaker 2: was in one, you know, because I was like, I

1249
01:03:23,160 --> 01:03:27,160
Speaker 2: want that freedom to be able to to be independent

1250
01:03:27,240 --> 01:03:29,560
Speaker 2: and to take care of myself. And that was always

1251
01:03:29,600 --> 01:03:34,880
Speaker 2: like one of the cornerstones of my financial strategy as

1252
01:03:34,880 --> 01:03:38,280
Speaker 2: a as a young woman. And I think that's okay, good,

1253
01:03:38,760 --> 01:03:39,440
Speaker 2: and it's true.

1254
01:03:40,080 --> 01:03:42,200
Speaker 1: Just and this is just like a light break. So

1255
01:03:42,320 --> 01:03:44,120
Speaker 1: people have started I don't know how people started, Like

1256
01:03:44,240 --> 01:03:46,960
Speaker 1: people who were not like you're close to have started

1257
01:03:46,960 --> 01:03:49,400
Speaker 1: asking me to meet up. Like I've gotten a couple

1258
01:03:49,440 --> 01:03:53,240
Speaker 1: of ooh, Tiffany, Hey, you know we'd love to, you know,

1259
01:03:54,360 --> 01:03:56,520
Speaker 1: meet up for coffee to ask you some questions about this.

1260
01:03:56,600 --> 01:04:02,400
Speaker 1: I'm like, what like on zoom. So that started literally

1261
01:04:02,480 --> 01:04:04,760
Speaker 1: within like the last week or so I've gotten cause

1262
01:04:04,800 --> 01:04:06,960
Speaker 1: you know that that happens. People will ask to like

1263
01:04:07,000 --> 01:04:09,400
Speaker 1: it's not the meetup part or like, you know, asking questions.

1264
01:04:09,440 --> 01:04:11,600
Speaker 1: That's normal. I'm like, if I have time, I make time.

1265
01:04:11,920 --> 01:04:14,960
Speaker 1: But physically wanting to meet up. I'm like, wha is

1266
01:04:15,000 --> 01:04:16,720
Speaker 1: the panoramic.

1267
01:04:16,280 --> 01:04:19,720
Speaker 2: Good they're feeling they probably got vaccinated, they're feeling.

1268
01:04:19,520 --> 01:04:24,040
Speaker 1: Good, girl, Not with strangers. I'm like, six, okay. I mean,

1269
01:04:24,280 --> 01:04:27,040
Speaker 1: like I said, like obviously, like you know, if you're like, oh, hey, Tid,

1270
01:04:27,080 --> 01:04:29,240
Speaker 1: you came over, that's no problem. But you know, it's

1271
01:04:29,320 --> 01:04:32,760
Speaker 1: the people who pick your brain. Folks who normally, like,

1272
01:04:32,880 --> 01:04:35,200
Speaker 1: like I said, I don't mind being like jumping on

1273
01:04:35,280 --> 01:04:37,640
Speaker 1: a call or doing a zoom, but you want to

1274
01:04:37,720 --> 01:04:40,160
Speaker 1: meet you want to call for me a person? Mmmm,

1275
01:04:40,520 --> 01:04:43,560
Speaker 1: So it's been so awkward. I'm like, I, Hi, thank

1276
01:04:43,600 --> 01:04:45,400
Speaker 1: you so much. I mean, I don't mind planning a

1277
01:04:45,480 --> 01:04:48,080
Speaker 1: zoom call, but I'm currently not meeting people in person.

1278
01:04:48,520 --> 01:04:49,120
Speaker 3: Say what now?

1279
01:04:49,480 --> 01:04:50,840
Speaker 1: I just thought that was so honest. I got like

1280
01:04:50,880 --> 01:04:53,360
Speaker 1: three or four in the last last week or so,

1281
01:04:53,480 --> 01:04:56,400
Speaker 1: and I'm like, wow, are people feeling like everything's back

1282
01:04:56,400 --> 01:04:58,320
Speaker 1: to normal? Because the way they're saying it, like yeah,

1283
01:04:58,520 --> 01:05:00,800
Speaker 1: just you know, I'm growing some think of my business

1284
01:05:00,960 --> 01:05:03,680
Speaker 1: and blah blah blah. And my mentor said that, you know,

1285
01:05:03,760 --> 01:05:05,480
Speaker 1: you'd be a great person to connect with, which I'm like,

1286
01:05:05,560 --> 01:05:08,280
Speaker 1: that's fine, but I'm not going to Starbucks with you

1287
01:05:08,440 --> 01:05:11,440
Speaker 1: so I can call on strangers in person. I just

1288
01:05:11,760 --> 01:05:16,080
Speaker 1: I'd rather rather a zoom where I know your limits. Yeah,

1289
01:05:16,120 --> 01:05:17,800
Speaker 1: so I just yeah, I just thought that that was like,

1290
01:05:18,240 --> 01:05:21,240
Speaker 1: I don't know, it's just very interesting or even speaking engagement.

1291
01:05:21,320 --> 01:05:24,000
Speaker 1: Folks have been reaching out. That to me is even odder.

1292
01:05:24,280 --> 01:05:26,360
Speaker 1: So like, hey, planning this big thing where there's gonna

1293
01:05:26,360 --> 01:05:29,280
Speaker 1: be forty people, I'm sure somebody will have COVID. You

1294
01:05:29,360 --> 01:05:31,560
Speaker 1: want to come, you can be the keynote. Of'm like,

1295
01:05:33,560 --> 01:05:35,560
Speaker 1: so I've been getting a couple of those, and I'm like, yeah,

1296
01:05:35,640 --> 01:05:37,320
Speaker 1: not yet, too soon, since too soon.

1297
01:05:37,960 --> 01:05:40,680
Speaker 2: So I'm feeling a little giddy after I got my

1298
01:05:40,760 --> 01:05:43,200
Speaker 2: second dose and now I'm fully vaccinated. I've heard though,

1299
01:05:43,200 --> 01:05:45,360
Speaker 2: you have to get like a booster shot. So listen, y'all.

1300
01:05:45,960 --> 01:05:49,160
Speaker 2: You know it ain't it ain't over, okay, So I

1301
01:05:49,240 --> 01:05:51,680
Speaker 2: think you know, I got my cute stock of masks.

1302
01:05:51,800 --> 01:05:53,400
Speaker 2: Masks are gonna be going to be a thing for

1303
01:05:53,720 --> 01:05:56,200
Speaker 2: a thing thing, you know, a thing thing. And honestly,

1304
01:05:56,520 --> 01:05:58,440
Speaker 2: like the parents I know who have kids are like,

1305
01:05:58,520 --> 01:06:00,720
Speaker 2: this is amazing. My kids haven't been sick. They're usually

1306
01:06:00,840 --> 01:06:03,800
Speaker 2: just like running nose and ill all the time. From

1307
01:06:03,840 --> 01:06:07,520
Speaker 2: all the other Germy Cesspool daycare kids. So yeah, this

1308
01:06:07,680 --> 01:06:10,360
Speaker 2: mask life is fine by me. I will say I

1309
01:06:10,480 --> 01:06:14,200
Speaker 2: had like neighbors over for a cookout outdoors. It felt

1310
01:06:14,320 --> 01:06:17,200
Speaker 2: so good, Tip, It felt so nice to just like

1311
01:06:18,120 --> 01:06:21,280
Speaker 2: hang out with other adults and we cooked and it

1312
01:06:21,400 --> 01:06:22,880
Speaker 2: was just very it was back to simple things. We

1313
01:06:22,920 --> 01:06:25,680
Speaker 2: made hot dogs and burgers and sat down. Okay, fine,

1314
01:06:25,720 --> 01:06:29,640
Speaker 2: I made a little fancy coconut margarita. But it was

1315
01:06:29,720 --> 01:06:31,960
Speaker 2: so fun and it was so impromptu and I am

1316
01:06:32,040 --> 01:06:35,280
Speaker 2: excited for that next phase. But nah, not for just randos.

1317
01:06:35,400 --> 01:06:38,680
Speaker 1: No, yeah, people, I would never eat hot dogs except

1318
01:06:38,720 --> 01:06:41,160
Speaker 1: for doing cookouts. I'm like, what I would, but as

1319
01:06:41,160 --> 01:06:43,320
Speaker 1: a kid, good yeah, but like you know, like I

1320
01:06:43,320 --> 01:06:44,560
Speaker 1: would never be like, you know what, I'm going to

1321
01:06:44,600 --> 01:06:46,320
Speaker 1: have a hot dog tonight, like in the house, you know,

1322
01:06:46,880 --> 01:06:48,360
Speaker 1: but like doing a cookout, I'm like, wait, you know

1323
01:06:48,400 --> 01:06:53,640
Speaker 1: hot dogs. I feel like it's such a cookout bood.

1324
01:06:53,680 --> 01:06:56,000
Speaker 1: But yeah, so that's it. Just like like a not

1325
01:06:56,360 --> 01:06:59,280
Speaker 1: necessary breaker boost with Melinda and Bill Gates. We wish

1326
01:06:59,320 --> 01:07:03,280
Speaker 1: them well, but certainly a break from not yet folks

1327
01:07:03,360 --> 01:07:08,880
Speaker 1: about meeting non inner circle people like in person for

1328
01:07:08,960 --> 01:07:09,440
Speaker 1: the first.

1329
01:07:09,240 --> 01:07:11,880
Speaker 2: Respect people's boundaries. If your comfort cool, but you know,

1330
01:07:12,040 --> 01:07:14,560
Speaker 2: I think respecting boundaries you still have to just people

1331
01:07:14,600 --> 01:07:15,640
Speaker 2: have different comfort levels.

1332
01:07:15,720 --> 01:07:18,280
Speaker 1: Yes, and so so I'm waiting my second back. So

1333
01:07:18,320 --> 01:07:20,920
Speaker 1: I got my first shot like last week, my arm

1334
01:07:21,040 --> 01:07:22,080
Speaker 1: was woo No one told me about that.

1335
01:07:22,200 --> 01:07:22,520
Speaker 3: Woof.

1336
01:07:23,240 --> 01:07:25,680
Speaker 2: It feels like someone punches you with the rock.

1337
01:07:25,840 --> 01:07:28,160
Speaker 1: Yeah, well not the actual shot itself, but like the

1338
01:07:28,280 --> 01:07:30,920
Speaker 1: next day I was no, yeah, oh this is what

1339
01:07:31,000 --> 01:07:33,440
Speaker 1: we're doing. I forgot my I'm like, oh my god,

1340
01:07:33,480 --> 01:07:36,520
Speaker 1: you okay girl? And then like the exhaustion. I don't

1341
01:07:36,560 --> 01:07:38,760
Speaker 1: know for me, but I was really tired for like

1342
01:07:39,360 --> 01:07:42,440
Speaker 1: a day and a half. And so hopefully, you know,

1343
01:07:42,560 --> 01:07:44,160
Speaker 1: the next shot won't do me so dirty.

1344
01:07:45,600 --> 01:07:46,880
Speaker 2: Well, I'm glad you're halfway there.

1345
01:07:47,160 --> 01:07:48,560
Speaker 1: I know halfway there.

1346
01:07:49,280 --> 01:07:50,560
Speaker 2: And when more months of you're why am I so

1347
01:07:50,640 --> 01:07:55,720
Speaker 2: excited for your baker? I don't know to recharge? All right,

1348
01:07:55,840 --> 01:07:58,560
Speaker 2: Well that is the show, y'all. Thank you for another

1349
01:07:58,640 --> 01:07:59,880
Speaker 2: wonderful week with Brown Ambition.

1350
01:08:01,560 --> 01:08:03,720
Speaker 1: See you next week, See you next week.