WEBVTT - BA Q&A: Living An Instagram Lifestyle ft. Briana 0:00:06.280 --> 0:00:09.680 It's time for the va qa. Y'all know I hate 0:00:09.720 --> 0:00:12.920 doing this song without Tiffany, but I'm gonna try anyway. 0:00:13.000 --> 0:00:18.119 It's time for the va qa. A. Hello ba fan, 0:00:18.320 --> 0:00:21.560 it's Mandra. I am here live with you this week 0:00:21.600 --> 0:00:24.560 for our ba q and a live and solo. I 0:00:24.600 --> 0:00:28.560 should say so as TIF continues to galivand around Egypt 0:00:28.640 --> 0:00:32.240 and send me the most you know, fomo inducing photos 0:00:32.280 --> 0:00:35.320 to WhatsApp. I'm here for it. Okay, she's having an 0:00:35.360 --> 0:00:38.680 amazing time. But I decided I don't want to just 0:00:38.680 --> 0:00:42.360 be alone in the studio listening answering people's questions, reading 0:00:42.400 --> 0:00:45.640 them off with spreadsheets, So I invited a couple of 0:00:45.640 --> 0:00:48.880 listeners to the show this week to ask me their 0:00:48.960 --> 0:00:52.159 questions live now. As a reminder, if y'all want to 0:00:52.200 --> 0:00:54.760 have a chance to be in the studio or the 0:00:54.800 --> 0:00:57.080 stud as TIF calls it, all you have to do 0:00:57.200 --> 0:00:59.240 is run over to our Instagram page. We are at 0:00:59.240 --> 0:01:02.520 Branna Bishenpot. There you can send us a DM, but 0:01:02.680 --> 0:01:05.480 very importantly send us a voice note. You got sixty 0:01:05.480 --> 0:01:08.440 seconds to get your question out and typing it out. 0:01:08.480 --> 0:01:10.760 I will recommend before you even do that, send us 0:01:10.800 --> 0:01:13.600 your question submit it via ig and you may hear 0:01:13.680 --> 0:01:16.600 from our producer inviting you to be in the studio 0:01:16.680 --> 0:01:20.679 with us to ask your questions live. So for today, 0:01:21.640 --> 0:01:25.040 we have a super well a super adorable and curls 0:01:25.080 --> 0:01:27.520 pop in. I love a glasses moment. 0:01:28.640 --> 0:01:29.000 We're twin. 0:01:31.000 --> 0:01:33.479 You have the a listener Brianna in the house. 0:01:33.600 --> 0:01:36.800 Hi Brianna, Welcome, Hilandy. Thank you so much for having 0:01:36.840 --> 0:01:38.640 me on. I'm so excited about this. 0:01:38.840 --> 0:01:41.640 Thanks for submitting your question. And first of all, I 0:01:41.680 --> 0:01:43.720 just want to say, well, you're from Dallas, right. 0:01:43.880 --> 0:01:46.279 Uh huh, Well I'm from Ohio, but I am in Dallas. 0:01:46.319 --> 0:01:48.320 Sorry. Okay, so she still claims Ohio. 0:01:48.640 --> 0:01:49.800 Yeah, not a sexing yet. 0:01:50.920 --> 0:01:52.720 I know I still have my four or four area 0:01:52.760 --> 0:01:56.040 code twelve years after I left Atlanta, so you know, 0:01:57.000 --> 0:02:00.880 no judgment here. But Brianna has a really interesting question 0:02:01.000 --> 0:02:03.240 and one that I have a lot of feelings about 0:02:03.280 --> 0:02:06.120 and I had to do some reflection before I even 0:02:06.160 --> 0:02:08.520 answered you on what my response would be. So before 0:02:08.520 --> 0:02:11.600 we get into it, let's hear Brianna's question that she 0:02:11.680 --> 0:02:12.560 submitted to the show. 0:02:12.760 --> 0:02:14.880 Hi, Mandy and Tiffany, my name is Brianna and I 0:02:14.880 --> 0:02:18.720 could really really use your help. So I recently graduated 0:02:18.760 --> 0:02:21.560 with my Masters of Health Administration and I landed my 0:02:21.720 --> 0:02:24.959 dream job. This job is paying six figures and has 0:02:25.080 --> 0:02:28.400 really incredible benefits. However, while I was in graduate school, 0:02:28.440 --> 0:02:31.360 I did accumulate some debt in student loans and in 0:02:31.360 --> 0:02:34.080 credit card bills. Well, I know what's a priority to 0:02:34.160 --> 0:02:37.320 pay down my debt. I have this urge to upgrade 0:02:37.320 --> 0:02:39.680 my lifestyle. I want to get a new apartment and 0:02:39.720 --> 0:02:40.919 I've been eyeing a new car. 0:02:41.280 --> 0:02:43.760 But I don't know how much is too much. 0:02:44.080 --> 0:02:46.320 So I would love to hear your thoughts on the 0:02:46.440 --> 0:02:52.240 balance between bossing up a little bit, but also you know, 0:02:52.680 --> 0:02:56.040 keeping a level head if you will, around spending even 0:02:56.080 --> 0:02:58.320 though I got such a huge bump and pay. 0:02:59.080 --> 0:02:59.840 I love the show. 0:03:00.040 --> 0:03:01.840 Thank you guys for your hope, and I hope you 0:03:01.840 --> 0:03:02.800 guys can answer my question. 0:03:03.200 --> 0:03:07.839 Bye, Okay, honest, So you feel cute now you got 0:03:07.880 --> 0:03:12.440 your six figure salary? And what give me a sense 0:03:12.480 --> 0:03:14.400 of how much of a raise was that from what 0:03:14.480 --> 0:03:18.359 you were earning before? About fifty six, fifty or sixteen? 0:03:18.440 --> 0:03:20.120 About fifty or sixty thousand? Yeah? 0:03:20.160 --> 0:03:23.080 Did you move from Cincinnati to Dallas for this job? 0:03:23.200 --> 0:03:25.839 I did, so. I started in a fellowship role, which 0:03:25.880 --> 0:03:28.840 is similar to like an internship, so they pay you, 0:03:28.840 --> 0:03:32.040 you know, significantly less, and then you sort of get 0:03:32.040 --> 0:03:32.720 the next role. 0:03:32.919 --> 0:03:34.920 Nice. And how long have you been there at this point? 0:03:35.120 --> 0:03:35.920 It's two years? 0:03:36.200 --> 0:03:38.800 Okay? Two years? All right. That's really helpful for me 0:03:38.840 --> 0:03:40.520 to know, because when I first listened to the question, 0:03:40.600 --> 0:03:44.280 I was like, you, you haven't earned the six figures yet. 0:03:44.320 --> 0:03:47.120 So what I like to avoid doing is like spending 0:03:47.120 --> 0:03:49.640 the money before it's really mine to spend, you know 0:03:49.640 --> 0:03:52.080 what I mean. But I'm curious. So two years in, 0:03:52.280 --> 0:03:54.480 where do you stand with the debt that you accrued 0:03:54.760 --> 0:03:57.160 during grad school? The student loans, the credit card debt. 0:03:57.800 --> 0:04:00.840 I'm going to be honest, please do guys sills. A'm 0:04:00.960 --> 0:04:06.040 standing in it. Okay, Yeah, I have not really paid 0:04:06.400 --> 0:04:09.760 anything towards it. I graduated in twenty twenty one, so 0:04:10.720 --> 0:04:13.320 newly required to pay, but I have not. 0:04:13.360 --> 0:04:15.800 Started the student loans okay, student loans? 0:04:15.880 --> 0:04:16.080 Yeah? 0:04:16.080 --> 0:04:17.560 And are those like federal or do you have a 0:04:17.600 --> 0:04:18.720 mix of federal private? 0:04:19.520 --> 0:04:20.440 Uh? They're federal? 0:04:20.920 --> 0:04:23.000 Okay. What's the balance? Like, how much do you owe? 0:04:24.440 --> 0:04:25.080 Fifty k? 0:04:25.520 --> 0:04:28.240 Fifty k? Okay? Well, I mean that's student loan debt 0:04:28.240 --> 0:04:31.160 and you haven't had to pay right for the past forever, 0:04:32.000 --> 0:04:34.760 and it's probably going to be extended again and again. Okay, yeah, 0:04:34.800 --> 0:04:36.680 so talk to me about the credit card debt because 0:04:36.680 --> 0:04:38.800 that's my probably mine annual bigger concern. 0:04:39.360 --> 0:04:42.200 Yeah. So, when I got to Dallas, I was in 0:04:42.240 --> 0:04:44.479 the mindset of having the six figures, but I didn't 0:04:44.480 --> 0:04:46.240 actually have the six figures. 0:04:46.360 --> 0:04:48.320 I wish I was catching you early. I thought I 0:04:48.440 --> 0:04:53.040 was catching you early because I was like, no. 0:04:51.920 --> 0:04:54.200 No, the dirt has already been laid. I'm lying in 0:04:54.240 --> 0:04:58.840 the bed now. Yeah. Yeah, So I was bawling when 0:04:58.880 --> 0:05:01.360 I got here, and then I kind of I got 0:05:01.400 --> 0:05:03.719 myself in this rhythm of like I'm going to spend 0:05:03.720 --> 0:05:05.560 the credit card, pay it off, spend the credit card, 0:05:05.560 --> 0:05:08.320 and then they gave me a credit limit increase, and 0:05:08.360 --> 0:05:10.800 then from there I lost control. 0:05:11.000 --> 0:05:14.240 Okay, thanks for admitting that. It's really easy, you know, 0:05:14.520 --> 0:05:17.520 I actually I have been there, you know, even like 0:05:17.560 --> 0:05:19.640 from when I was not earning a lot and times 0:05:19.640 --> 0:05:22.120 when I was earning a lot, it can easily spiral 0:05:22.120 --> 0:05:25.320 out of control. So how much credit card debt are 0:05:25.360 --> 0:05:26.480 you looking at right now? 0:05:26.839 --> 0:05:27.200 Right now? 0:05:27.240 --> 0:05:31.640 It's about six thousand, Like that's rounding up high fives. Yeah, 0:05:31.680 --> 0:05:34.240 so it's not like I'm not drowning, but it's not true. 0:05:35.160 --> 0:05:38.760 Not great, And like, you know, tell me about your 0:05:39.000 --> 0:05:42.240 disposable income. So you've got what you're looking for a 0:05:42.279 --> 0:05:45.359 new car and a better apartment now or did you 0:05:45.800 --> 0:05:46.479 get those things? 0:05:47.080 --> 0:05:49.719 So I'm looking I was looking for a new car 0:05:49.839 --> 0:05:52.160 and a better apartment when I talk to you. Yeah, 0:05:52.240 --> 0:05:57.080 I have stopped doing that, okay, yeah, stop doing that. 0:05:57.200 --> 0:05:59.480 Yeah, with new cars. I wonder how is your credit? 0:06:00.240 --> 0:06:01.800 It can be better. I would say, like they call 0:06:01.839 --> 0:06:06.360 it fair if I look at credits like like six 0:06:06.520 --> 0:06:08.560 fifty to seven. Yeah, I think I'm more in the 0:06:08.640 --> 0:06:09.359 sixth though. 0:06:09.640 --> 0:06:11.760 Yeah, because the thing right now is like debt is 0:06:11.839 --> 0:06:14.000 so expensive, you know, and I'm assuming you would have 0:06:14.000 --> 0:06:17.120 to get an auto loan for the car, right plus 0:06:17.120 --> 0:06:19.720 your credit card debt has only gotten more expensive than 0:06:19.760 --> 0:06:22.159 when you, you know, you first had your cards, because 0:06:22.200 --> 0:06:24.960 like the average APR is over twenty percent now, you know. 0:06:25.600 --> 0:06:28.760 So for me, I just feel like I wouldn't be 0:06:28.920 --> 0:06:30.960 if you're fine without the car right now? Do you 0:06:30.960 --> 0:06:33.120 have other transportation? Like can you get around and get 0:06:33.160 --> 0:06:33.480 to work? 0:06:33.839 --> 0:06:37.200 Yeah? I can, But it's like it's one of those 0:06:37.240 --> 0:06:39.599 things where like I keep having to put money into 0:06:39.640 --> 0:06:43.200 my car, like things keep just happening, whites keep coming on. 0:06:43.839 --> 0:06:45.240 And so I was like, well, maybe I should get 0:06:45.279 --> 0:06:47.920 a new car. And then my parents suggested a cash car. 0:06:48.000 --> 0:06:50.719 But I was like, I'm kind of balling a little 0:06:50.720 --> 0:06:52.800 bit now, So like maybe I should get like a 0:06:52.920 --> 0:06:53.880 nicer car than like. 0:06:53.920 --> 0:06:56.000 Hash car, meaning like a used car that you just 0:06:56.000 --> 0:06:56.919 pay for the cash. 0:06:57.000 --> 0:06:57.279 Yeah. 0:06:57.480 --> 0:07:02.039 Yeah, I don't hate your parents there, And I'm because 0:07:02.080 --> 0:07:04.400 my thing is it doesn't have to be a new car, 0:07:04.480 --> 0:07:06.640 doesn't have to mean a brand new off the lot car. 0:07:07.160 --> 0:07:10.840 I mean, I in my I don't know, I've had 0:07:10.840 --> 0:07:14.520 cars since I was like sixteen. I only bought a 0:07:14.520 --> 0:07:16.760 new car because we had to. When we got our 0:07:16.760 --> 0:07:20.040 car this past summer. It was an electronic vehicle, electric vehicle. 0:07:20.400 --> 0:07:24.840 But I'm always going for the pre certified, pre owned, certified, 0:07:24.880 --> 0:07:28.280 pre owned models because like, for example, when we got 0:07:28.280 --> 0:07:32.920 our first car as a couple, it was a Mazdax 0:07:32.960 --> 0:07:35.720 something or other. I don't know car models, but it 0:07:35.760 --> 0:07:37.240 was like a year or two old and it had 0:07:37.280 --> 0:07:41.600 been a rental cars, you know, vehicle, and just by 0:07:41.720 --> 0:07:44.040 like getting a car that's it's still Newish. You know, 0:07:44.040 --> 0:07:46.679 it's only been like a year since it's been out there, 0:07:47.080 --> 0:07:49.760 but we saved thousands of dollars. You know, as soon 0:07:49.760 --> 0:07:52.400 as you drive off the lot, cars depreciate something like 0:07:52.560 --> 0:07:55.080 fifteen percent. It's kind of insane. 0:07:55.520 --> 0:07:57.360 Both then where do I I don't know. I kind 0:07:57.400 --> 0:08:00.080 of have this feeling like I want to treat myself 0:08:00.120 --> 0:08:03.160 to something. Yeah, and I want to do like a 0:08:03.440 --> 0:08:05.760 you know, like a big my first, big girl job, 0:08:05.800 --> 0:08:08.200 big girl purchase sort of thing. But I don't know 0:08:08.680 --> 0:08:11.600 if it's the right time. And I don't know. 0:08:12.320 --> 0:08:14.280 I mean, if you want to have a really nice 0:08:14.360 --> 0:08:16.560 car to drive around and while you're stressing about your 0:08:16.560 --> 0:08:21.600 credit card debt, then like maybe. 0:08:20.920 --> 0:08:23.360 I'm stressing right now in a mun so it's stress 0:08:23.400 --> 0:08:23.960 in an audi. 0:08:24.720 --> 0:08:27.480 Well, the thing is, an Audi won't make you feel better. 0:08:27.560 --> 0:08:29.920 I know that. It's like it's really about I mean, 0:08:29.960 --> 0:08:31.640 and this is a personal choice, right at the end 0:08:31.640 --> 0:08:33.280 of the day. You have to choose what will bring 0:08:33.320 --> 0:08:36.720 you happiness. But for me, the peace of mind of 0:08:36.800 --> 0:08:41.240 having debt paid down is so worth more than space, 0:08:41.880 --> 0:08:46.119 worth more than anything plus six thousand dollars on your salary. 0:08:46.440 --> 0:08:48.480 I feel like if you really went for it. You 0:08:48.520 --> 0:08:51.280 could probably pay that down in a few paychecks, Am 0:08:51.320 --> 0:08:51.760 I wrong? 0:08:52.240 --> 0:08:53.000 Like much? 0:08:53.320 --> 0:08:56.240 Where's your extra money going that you're you know, are 0:08:56.240 --> 0:08:57.360 you saving it right now? 0:08:58.200 --> 0:09:01.400 No? It is going to everything else. So I'm I 0:09:01.480 --> 0:09:04.920 am traveling. It feels like every month there's something I 0:09:04.960 --> 0:09:07.079 need to buy and so I buy it, you know, 0:09:07.200 --> 0:09:12.000 like if it's a birthday gift or I'm terrible about 0:09:12.040 --> 0:09:12.800 saving money. 0:09:13.400 --> 0:09:15.440 Okay, So what are your savings like right now? 0:09:16.480 --> 0:09:17.400 Under five hundred? 0:09:17.840 --> 0:09:22.280 Under five hundred? Okay, yeah, you're gonna feel so I'm 0:09:22.320 --> 0:09:25.480 promised like the you will feel. I feel rich every 0:09:25.559 --> 0:09:28.959 day and like my you know, crappy old Navy clearance 0:09:29.000 --> 0:09:32.439 shirt because I know that I don't have to worry, 0:09:32.520 --> 0:09:34.640 Like I know that if one of us lost our incomes, 0:09:35.200 --> 0:09:37.480 like we would be okay, you know for a certain 0:09:37.480 --> 0:09:40.360 amount of time because of our savings. And that peace 0:09:40.400 --> 0:09:43.280 of mind like that for me is what defines wealth 0:09:43.720 --> 0:09:47.800 and you know, prosperity. And it's the peace of mind 0:09:47.800 --> 0:09:50.520 that you can buy yourself when you're earning more. And 0:09:50.559 --> 0:09:53.000 I just don't want you because right now are you single? 0:09:53.040 --> 0:09:53.720 You got kids? 0:09:54.200 --> 0:09:57.679 I'm single, no babies, living life, no fur babies. 0:09:58.000 --> 0:10:00.959 It's only going to get harder and like think about 0:10:01.240 --> 0:10:03.480 think about the things that you're going to want, you know, 0:10:03.600 --> 0:10:06.080 five ten years now, maybe you want to buy a condo, 0:10:06.720 --> 0:10:09.680 you know, buy a house. If you start to think 0:10:09.720 --> 0:10:13.160 about the future, like the future goals, and I know 0:10:13.200 --> 0:10:14.960 that these things that pop up months a month, they 0:10:15.000 --> 0:10:17.679 feel like, Okay, I gotta do this. It's right in 0:10:17.760 --> 0:10:20.600 front of me right now. But that's why I love 0:10:20.720 --> 0:10:24.000 naming my savings account after a certain goal. For example, 0:10:24.080 --> 0:10:26.240 like a lot of banks now will let you have 0:10:26.360 --> 0:10:29.800 multiple savings accounts, and if you name one future down 0:10:29.800 --> 0:10:33.840 payment or luxury vacation, you know, twenty twenty four or 0:10:33.880 --> 0:10:37.520 something like that, it's going to give you something tangible 0:10:37.559 --> 0:10:39.920 that then you're saying no to. If you say yes 0:10:40.080 --> 0:10:42.720 to those like immediate things in front of you. You know, 0:10:43.000 --> 0:10:45.640 all right, ba fam, you are listening to the ba 0:10:45.800 --> 0:10:48.440 qa A. We are going to take a quick break 0:10:48.440 --> 0:10:50.840 and be right back with more of your questions and 0:10:50.960 --> 0:10:56.200 our answers. Okay, va fan, we are back answering more 0:10:56.240 --> 0:10:58.800 of your questions for the baqa Let's go. 0:10:58.920 --> 0:11:02.040 Can I ask you something about so when my check 0:11:02.080 --> 0:11:06.040 comes in, I just spend the check. Spend the check 0:11:06.080 --> 0:11:08.840 spend the check till it's nothing, and then pray that 0:11:08.880 --> 0:11:10.480 I get to the end of the month till I 0:11:10.520 --> 0:11:11.240 get my next. 0:11:11.080 --> 0:11:12.800 Paycheck that's really paid once a month. 0:11:13.160 --> 0:11:14.439 I want. I'm plaid monthly. 0:11:14.520 --> 0:11:16.440 Oh I used to hate that when I got paid monthly. 0:11:16.760 --> 0:11:18.040 Oh it's yeah, it's hard. 0:11:18.120 --> 0:11:19.839 Sure, Okay, that's good. 0:11:19.920 --> 0:11:22.880 And so I know, so when my check comes in, 0:11:23.559 --> 0:11:25.439 what would Mandy do with it? 0:11:25.600 --> 0:11:27.240 I'll tell you exactly what I did with it when 0:11:27.240 --> 0:11:29.160 I was in your position, when I was finally earning 0:11:29.280 --> 0:11:31.320 enough money to have to be able to do other 0:11:31.400 --> 0:11:36.559 things besides just pay the rent. Automate everything, like, automate 0:11:36.600 --> 0:11:39.200 it through your payroll so that things are like by 0:11:39.240 --> 0:11:42.040 the time you get your paycheck, it has like everyone's 0:11:42.080 --> 0:11:45.600 gotten their share, you know, your savings accounts, your retirement, 0:11:46.200 --> 0:11:49.000 you know whatever, your checking account for your bills. I 0:11:49.000 --> 0:11:52.400 don't know how you have your account structured, but I 0:11:52.280 --> 0:11:54.600 I'm word the same in the sense that I would 0:11:54.640 --> 0:11:56.520 have the same issue, you know, when I was paid, 0:11:56.520 --> 0:11:58.559 if it would just go, you know and be gone. 0:11:59.040 --> 0:12:01.480 And it wasn't until I got on the back end 0:12:01.960 --> 0:12:05.079 and automated my savings and automated my investing in all 0:12:05.080 --> 0:12:08.360 of that. The automation saved me. Automation is why I 0:12:08.400 --> 0:12:10.360 was able to get to where I was, you know, 0:12:10.480 --> 0:12:14.760 financially in my career. Are you automating anything right now? 0:12:14.960 --> 0:12:18.440 I automate some bills, like my renters into the small ones. 0:12:18.520 --> 0:12:19.440 I automate those. 0:12:19.800 --> 0:12:21.920 See, it's not the bills that I think you should automate. 0:12:22.000 --> 0:12:25.000 It's the savings and the investing. Okay, are you putting 0:12:25.040 --> 0:12:27.079 anything into your like your four to one K Now. 0:12:27.600 --> 0:12:31.760 It is automatic that it automatically goes in, So that's yeah, 0:12:31.920 --> 0:12:34.800 how much helpful? I don't exactly know. If I looked 0:12:34.800 --> 0:12:36.520 at my paste, i'd be able to tell you, but 0:12:36.559 --> 0:12:39.559 it's pretty significant. I would say it's at least in 0:12:39.600 --> 0:12:43.360 my pension. It's at least I would say two hundred 0:12:43.480 --> 0:12:45.720 hundred dollars at check maybe okay? 0:12:45.960 --> 0:12:47.439 And how much is each? Won't You don't have to 0:12:47.440 --> 0:12:49.920 tell me your business like that, but like just I would, 0:12:49.920 --> 0:12:53.040 I would know, like what percentage you're putting away? Yeah, 0:12:53.080 --> 0:12:56.120 and because you know you're at the how old are 0:12:56.120 --> 0:12:59.600 you now? I'm twenty eight, You're so young. I would 0:12:59.640 --> 0:13:02.240 go for it. I would. I never invested more from 0:13:02.280 --> 0:13:05.000 my retirement than when I was single and had, you know, 0:13:05.240 --> 0:13:07.720 just myself to worry about. I was putting like ten percent, 0:13:07.800 --> 0:13:11.440 sometimes fifteen percent. So go into your back end and 0:13:11.480 --> 0:13:14.280 I would check and at least understand what your percentages are. 0:13:14.520 --> 0:13:17.560 You know that you're investing. You have that automated. Awesome, 0:13:17.720 --> 0:13:20.440 Just do the same for your savings and when you actually, 0:13:21.120 --> 0:13:23.319 like when it's automated and you don't have to think 0:13:23.320 --> 0:13:26.720 about it, you're going to be less likely to miss 0:13:26.720 --> 0:13:29.120 that money, you know, because you're going to see what's 0:13:29.120 --> 0:13:31.199 in your paycheck and you're going to be like, oh, 0:13:31.240 --> 0:13:33.720 I can actually play with this, or you know what 0:13:33.720 --> 0:13:36.600 I mean, like I can use this for bills. I'm 0:13:36.640 --> 0:13:38.960 not saying. And you have to decide how much you 0:13:39.000 --> 0:13:42.120 know to save each month. So and it's going to 0:13:42.200 --> 0:13:44.400 come down to, you know, how much do you need 0:13:44.440 --> 0:13:48.200 to cover your expenses shopping, whatever bills you have, et cetera. 0:13:48.800 --> 0:13:51.080 And then whatever is left over you can split that 0:13:51.160 --> 0:13:54.080 between some savings and paying down that credit card debt. 0:13:55.280 --> 0:13:57.400 That would be for me how you could do both 0:13:57.520 --> 0:13:58.199 at one time? 0:13:58.800 --> 0:14:03.240 How much money should I have to for free? Because 0:14:03.240 --> 0:14:06.080 I feel a little uneasy sometimes when I like, because 0:14:06.080 --> 0:14:08.480 I have tried to think about dividing my checkout, and 0:14:08.520 --> 0:14:09.880 then I was like, well, I only have like one 0:14:09.920 --> 0:14:13.080 hundred or two hundred dollars of like free money, So 0:14:13.320 --> 0:14:15.720 what's reasonable free money? 0:14:15.760 --> 0:14:16.319 What does that mean? 0:14:16.400 --> 0:14:20.680 Like after what after like everything went to its proper home, 0:14:21.040 --> 0:14:23.240 the money that I could just like if someone wants 0:14:23.280 --> 0:14:25.520 to go to the movies, someone lets whatever, to just 0:14:25.600 --> 0:14:27.400 kind of have free. 0:14:27.200 --> 0:14:29.320 I mean, I'm kind of finding it hard to believe 0:14:29.320 --> 0:14:31.120 you only have one hundred dollars. I mean, I know 0:14:31.160 --> 0:14:33.840 that six figures. First of all, six figures sounds so sexy, 0:14:33.880 --> 0:14:36.240 but like in today's America, it's. 0:14:36.200 --> 0:14:39.120 With taxes inflation, it's really not too much. 0:14:39.600 --> 0:14:42.520 It's not that much. I know for sure. The only 0:14:42.600 --> 0:14:44.240 thing to do is you can look for other ways 0:14:44.280 --> 0:14:46.480 to bring an income, or you could revisit your budget 0:14:46.800 --> 0:14:49.120 and cut some expenses so that you just get more. 0:14:49.760 --> 0:14:52.400 And also what that's telling me is like you really 0:14:52.440 --> 0:14:56.800 can't I mean afford that much more like at a 0:14:56.840 --> 0:15:00.280 bigger car payment at interest rates today, like I mean 0:15:00.400 --> 0:15:03.000 car payments with a fair credit score, I could look 0:15:03.000 --> 0:15:04.960 it up really quickly, but I feel like interests would 0:15:04.960 --> 0:15:09.240 be like six seven percent maybe more. Like that's expensive 0:15:09.280 --> 0:15:10.680 and that and then it's going to take you longer 0:15:10.720 --> 0:15:13.600 to pay off that car note. You know, more of 0:15:13.640 --> 0:15:16.920 your payments are going to go to interest versus actually 0:15:16.960 --> 0:15:21.320 the principle. So I think you almost need to like 0:15:21.400 --> 0:15:24.360 shift the mindset of Okay, I'm making six figures and 0:15:24.400 --> 0:15:28.600 that's good, but it's not a luxury lifestyle salary yet, 0:15:29.120 --> 0:15:34.080 you know, And I think you'll regret not investing time 0:15:34.160 --> 0:15:38.360 and energy into your savings, into paying down this debt. 0:15:39.040 --> 0:15:41.160 What if something were to happen and you know, you 0:15:41.280 --> 0:15:44.000 lost this job. You're like on the fringe, like you're 0:15:44.000 --> 0:15:48.480 making ends meet right now, but you're vulnerable to like 0:15:48.520 --> 0:15:50.200 if something were to happen and you know, you were 0:15:50.240 --> 0:15:53.800 to get let go or whatever. And I just feel 0:15:53.800 --> 0:15:57.280 like it's a it's a vulnerable position, and I want 0:15:57.280 --> 0:15:58.520 you to feel more secure. 0:15:59.040 --> 0:16:00.960 Yeah, I want to feel more secure as well. I 0:16:01.040 --> 0:16:03.560 was part of the people that got kind of mixed 0:16:03.640 --> 0:16:07.680 up in the Southwest debacle with the snowstorm, and I 0:16:07.720 --> 0:16:10.440 couldn't and the amount of plane tickets I had to 0:16:10.480 --> 0:16:12.680 buy and whatever. I got in a position where I 0:16:12.680 --> 0:16:15.720 couldn't afford to get out of the airport and I 0:16:15.760 --> 0:16:18.520 had to call my parents and be like Hey, can 0:16:18.560 --> 0:16:21.280 you loan me two hundred three hundred dollars for a 0:16:21.280 --> 0:16:23.200 plane ticket? Because I literally couldn't afford it. And I 0:16:23.200 --> 0:16:26.520 think it was then that I realized, Okay, I can't 0:16:26.880 --> 0:16:31.000 live this Instagram lifestyle because what Instagram doesn't show you 0:16:31.120 --> 0:16:33.800 is that life happens, and I don't have a safety 0:16:33.840 --> 0:16:35.360 net to protect myself. 0:16:36.240 --> 0:16:38.760 Yeah, that's such like a vivid that's such a vivid 0:16:39.200 --> 0:16:41.560 like visual for me too, just you and that airport, 0:16:42.040 --> 0:16:46.640 being like, Wow, I really don't have it, and it's 0:16:46.680 --> 0:16:49.720 hard to think I'm earning this much, so shouldn't I 0:16:49.800 --> 0:16:52.160 have it like you have it for the other things 0:16:52.160 --> 0:16:54.560 that come once a month and all that. But that's 0:16:54.600 --> 0:16:59.560 exactly what I feel like you saying no to some things, 0:16:59.560 --> 0:17:03.240 but saying yes to security, yes to financial freedom. It's 0:17:03.280 --> 0:17:06.199 just going to be a game changer for you. It's like, 0:17:06.240 --> 0:17:11.040 what are you valuing more? The cute the Audi? You know, Audi? 0:17:11.119 --> 0:17:12.919 I don't know how Audi Audi? 0:17:13.760 --> 0:17:14.480 You can't afford it? 0:17:14.480 --> 0:17:19.080 I don't know ye, Like you know, I just had 0:17:19.119 --> 0:17:20.919 a chat with my financial planner too, and like I 0:17:20.920 --> 0:17:22.800 don't have all my shit together all the time either. 0:17:23.240 --> 0:17:25.240 She was like, you can't afford a second car right now, 0:17:25.640 --> 0:17:26.960 not if you want to do this, this, that, and 0:17:27.000 --> 0:17:29.919 the third and I'm having another baby and I'm like, 0:17:29.960 --> 0:17:32.639 but I'm making this much money. She's like, yeah, but 0:17:32.680 --> 0:17:35.040 the facts are the facts. And if you want to 0:17:35.080 --> 0:17:39.800 continue feeling comfortable, feeling like secure, a second car is 0:17:39.800 --> 0:17:41.800 going to put you in that red area, red zone 0:17:41.920 --> 0:17:45.560 of on the fringe. Any little thing can put you 0:17:45.560 --> 0:17:49.040 can like start spiraling, you know. So don't feel bad 0:17:49.119 --> 0:17:51.879 because you're in this position. Just be honest with yourself 0:17:51.920 --> 0:17:54.400 about what position you're in. That's all I want to say. 0:17:54.760 --> 0:17:55.719 Yeah, that's honest. 0:17:55.840 --> 0:17:58.800 I love that, But good luck. The one last thing 0:17:58.840 --> 0:18:00.680 I will say, as far as the six thousand credit 0:18:00.760 --> 0:18:03.320 card debt, it's accruing interest right now. It's not like 0:18:03.359 --> 0:18:05.840 a promotional interest period or something like that. 0:18:06.080 --> 0:18:07.720 Yeah, it's a crewing interest right now. 0:18:08.560 --> 0:18:11.040 Yeah. And with a six fifty ish credit score, you 0:18:11.080 --> 0:18:13.880 could try to qualify for a balance transfer credit card. 0:18:14.080 --> 0:18:15.920 But my fear for you if you if you do 0:18:16.000 --> 0:18:18.679 qualify for a balance transfer, do you know what that is? No, 0:18:19.400 --> 0:18:22.320 So a balance transfer is basically credit card company is 0:18:22.359 --> 0:18:24.280 they love to get new business and they're like, oh, 0:18:24.320 --> 0:18:26.520 you're struggling to pay off that maxed out credit card. 0:18:27.000 --> 0:18:29.399 We'll let us pay it off for you. We'll put 0:18:29.440 --> 0:18:31.520 the balance on a bright, new shiny card that we're 0:18:31.560 --> 0:18:32.919 going to give you, and we're going to give you 0:18:33.040 --> 0:18:37.720 zero percent interest for the next twelve eighteen months. Really exciting, right. 0:18:38.080 --> 0:18:40.640 They typically charge like a little balance transfer fee, three 0:18:40.680 --> 0:18:44.439 percent something like that on the balance, but it helps 0:18:44.440 --> 0:18:47.320 give you relief in the sense that you don't have 0:18:47.440 --> 0:18:50.640 this credit card debt, you know, a double digit interest 0:18:51.000 --> 0:18:54.000 continuing to be stacked on it. It's wonderful as a 0:18:54.000 --> 0:18:57.760