Speaker 1: Is that time again. It's time for the b a
Speaker 1: q a, the b a q a, the b a
Speaker 1: q a, the b a q a. Okay, it's time
Speaker 1: for brown ambition question and answers. You have questions, we
Speaker 1: have answers. Ish If you're not your mama, We're not
Speaker 1: your financial advisor, we're not your doctor, your therapist. We
Speaker 1: just two brown girls on the Internet doing the best
Speaker 1: we can. Okay.
Speaker 2: I don't want to be served with a lawsuit in
Speaker 2: the middle of Wegmans, y'all. Nah no, no, no, no,
Speaker 2: no no. These are answers with the side of t
Speaker 2: just coming from you know, your financial besties who have
Speaker 2: ideas but not all of your information. So take it
Speaker 2: with a giant grain of salt. But we got some
Speaker 2: juicy business questions today, potentially a baby pyramid scheme. We
Speaker 2: have to save some from someone from So let's do it.
Speaker 2: Where should we start?
Speaker 1: All right?
Speaker 2: This from a listener who wants to remain anonymous, And
Speaker 2: they say, I took out a five thousand dollars loan
Speaker 2: to help with startup costs of a new business venture.
Speaker 2: The payments are one hundred dollars a month for five
Speaker 2: or six years. I'm expecting to profit two hundred to
Speaker 2: three hundred dollars a month initially from my business. My
Speaker 2: question is should I use those profits to pay off
Speaker 2: the loan or should I use my nine to five
Speaker 2: income to pay off the loan and use the profits
Speaker 2: to continue to grow slash expand this new business. Thanks
Speaker 2: in advance for exclamation marks.
Speaker 1: Well Annie aka anonymous, Honestly, me and Andy were like
Speaker 1: potato patato. I mean, well, I guess on the if
Speaker 1: we're being super techy technical right technical Tuesday, I would say,
Speaker 1: because you want to make sure ideally that the business
Speaker 1: is looping in the business. But everyone knows in the beginning.
Speaker 1: You know that it's you personally and your job likely
Speaker 1: or whatever side husele you have that is funding the business.
Speaker 1: But if your business is able to pay off the
Speaker 1: loan that you took, certainly you can do so. But
Speaker 1: you paying it off with your nine to five it
Speaker 1: doesn't really I just say all that to say it doesn't.
Speaker 1: I want to say it doesn't matter because you personally
Speaker 1: took off the loan out the loan, not the business,
Speaker 1: so you owe it.
Speaker 2: Yeah.
Speaker 1: But if it was me, honestly, I probably would just
Speaker 1: say I took out the loan, I'll pay it back.
Speaker 1: I'll use my money to invest back in my business.
Speaker 1: Because I'm working, I don't necessarily need the business funds
Speaker 1: just yet, so instead I'll just reinvest. That's likely what
Speaker 1: I would do. But if you don't do that, it's
Speaker 1: not wrong technically, I don't think. What do you think, Mandra, Yeah,
Speaker 1: I mean I don't.
Speaker 2: I'm not mad at the idea of thinking of your
Speaker 2: business and personal expenses differently. Yes, I wish, even in
Speaker 2: my first year of business, and I know this. I
Speaker 2: know that you it's better off. You're better off just
Speaker 2: keeping everything simple. But sometimes I would run out of
Speaker 2: checks from my personal account and then just like, let
Speaker 2: me get these MANDI money checks real quick. I saw
Speaker 2: so maybe the landscaper got a check from my business
Speaker 2: last week.
Speaker 1: Maybe he did.
Speaker 2: And it's fine. But I like the idea of putting
Speaker 2: it in two different buckets because you know, and it
Speaker 2: also it's like what we say to name your savings accounts,
Speaker 2: almost like give that money a job. And if you
Speaker 2: tell yourself, oh, this is my business profit, you're more
Speaker 2: likely to probably use it for those business expenses and
Speaker 2: maybe keep it separate and not dip into it when
Speaker 2: you know you run out of checks in your landscaper
Speaker 2: is like knock, knock my money.
Speaker 1: In the beginning of businesses, it's really messy. You try
Speaker 1: it to be. It's like high school. You know you're
Speaker 1: gonna be messy girls high school, but try not to
Speaker 1: be as messy.
Speaker 2: Trying, but I keep doing. It's not about me, it's about.
Speaker 1: Yeah, so like yeah, so, like, like Bettie said, if
Speaker 1: you could keep it separating clean, that's ideal. One thing
Speaker 1: I will say. I was just telling what this one
Speaker 1: to my one of my mentees, and I was telling
Speaker 1: her because her finances she's like year two and a
Speaker 1: half and her taxes were just a mess. And I
Speaker 1: had told her in the very beginning, look into maybe
Speaker 1: having a bookkeeper, because you know, although she has a
Speaker 1: financial background, she's got her degree in finance, still running,
Speaker 1: you know, doing your business finance on top of everything else.
Speaker 1: So I'm like a bookkeeper girl, you know, twenty thirty
Speaker 1: bucks an hour. You want them to create a profit
Speaker 1: and law statement every month because that's what you'll give
Speaker 1: to your accountant so you're not scrambling at the end
Speaker 1: of the year. Of course, you didn't listen. We never listened, girl.
Speaker 1: I didn't do my taxes for the first two years
Speaker 1: of having a business. My accountant had to run me
Speaker 1: down in Shopwright, which is a major literal. Carlos man
Speaker 1: me down shop right, Carlo, Yes, I saw him in Shopwright, Mandy.
Speaker 1: I tried to make a youth joke. He said, no,
Speaker 1: you come here now. Just imagine it's smaller.
Speaker 2: You know, it was baby Budgetissa. She was a shopwright,
Speaker 2: not Whole.
Speaker 1: Foods for those who don't know. Shop Rights, like on
Speaker 1: the East Coast, is very it's very low cost supermarket.
Speaker 1: And so Carlos is our brown and mission accountant too.
Speaker 1: He's super nice and dope.
Speaker 2: Like yeah.
Speaker 1: He was like, Tiffany, I have been called me what
Speaker 1: he had been calling a text me And I was
Speaker 1: like la la la la la la la la la la.
Speaker 1: So yeah, so just imagine me in Shopwright with the
Speaker 1: big old Shopwright cart, trying to make a quick turn
Speaker 1: down the aisle, and Carlos was like, Tiffany, I was like,
Speaker 1: if you know Carlos, He's like, I don't know. I
Speaker 1: won't even say he's short. Sorry Carlos, but he made
Speaker 1: me like might head a little shorter? So he was
Speaker 1: like timpany, but he has like the biggest, brightest smile.
Speaker 1: He is so friendly, and he was like, what are
Speaker 1: you doing. I was like no, no, no. He's like, do
Speaker 1: you want to go to jail? I was like I don't,
Speaker 1: so he said honestly, he was so nice.
Speaker 2: He was like, I want to go to jail.
Speaker 1: He was like, what are you afraid of? I said,
Speaker 1: I'm afraid of how much I owe. He said how
Speaker 1: much do you think you o? And I said thirty
Speaker 1: thousand dollars and he looked at me like did you
Speaker 1: even make thirty thousand? I don't know why I had that.
Speaker 1: I don't know why I had that in my mind.
Speaker 2: He said, thirty gave me like fifteen k first, girl,
Speaker 2: I just had to.
Speaker 1: My mind it was thirty. I don't know why. And
Speaker 1: then he was like, no, you o eight. I was like, oh,
Speaker 1: he said, but you would have old. I think it
Speaker 1: was like near four. I was like, well what, I oh? Eight?
Speaker 1: He said, that's what happens when you don't find your
Speaker 1: taxes in time and you don't pay for two years.
Speaker 1: And I was like, okay, okay, that's so from then on,
Speaker 1: you know, I said, no, more of that. So Manny
Speaker 1: and I just sharing these horror stories just so you know.
Speaker 1: And even so you are going to be a little
Speaker 1: messy you're a new business owner, try to be as
Speaker 1: little messy as possible, especially with your finances. Get yourself
Speaker 1: an accountant, get yourself a bookkeeper who can do those
Speaker 1: profit and law statements so you don't scramble. And remember
Speaker 1: that your the money part of your business is literally
Speaker 1: the life's blood, so it needs to flow in order
Speaker 1: for your business to maintain. I don't care how successful
Speaker 1: you are. If the financial part, the taxes, the bookkeeping,
Speaker 1: all that stuff is a mess, then your business will
Speaker 1: eventually catch up and be a mess too.
Speaker 2: Yeah. I need Carlos to come track me down sometimes
Speaker 2: because I switched to an escortor at the beginning of
Speaker 2: this year, okay, and we did all that, and then
Speaker 2: like the year just went by and I was still
Speaker 2: doing things Like you know, when I was just at
Speaker 2: a regular LLC, I would just pay myself, like write
Speaker 2: myself a check basically, and I just kept doing that.
Speaker 2: Last week, I had like the most moments at three
Speaker 2: am when I was like ugh, email Carlos and his
Speaker 2: wife Tian, who does my bookkeeping, and I was like, you, guys,
Speaker 2: I don't know what I'm doing wrong, but I feel
Speaker 2: like someone needs.
Speaker 1: To look at me.
Speaker 2: Can someone come look at me? Look at I just
Speaker 2: wanted to be babysat. And they're like and he's like, no, no, no, no,
Speaker 2: Now you're an escorp. You need to be a W
Speaker 2: two And I'm like, yeah, I know, but shouldn't you
Speaker 2: be doing these things even if you have an accountant,
Speaker 2: like they don't always like they're busy. It's taxis and
Speaker 2: all that kind of stuff. So even me, I'm like, okay,
Speaker 2: someone needs to I don't know what something's off here,
Speaker 2: but at least me reaching out and hopefully i'll I'll
Speaker 2: start paying myself with it like an actual W two employe.
Speaker 1: I mean you can take owner's draws, you know, like a.
Speaker 2: That's what I've been doing. I just tell myself that.
Speaker 2: I'm like yeah, but it was like, what's this? It
Speaker 2: has to look like it? What do you mean?
Speaker 1: Well, meaning like you can't just like make a transfer
Speaker 1: from one account to another account. It has to like
Speaker 1: you know, be sent to you as like, oh, this
Speaker 1: is an owner's draw like you know, you get your
Speaker 1: cause I get my regular I'm an escort for both
Speaker 1: of my main companies as well. One of them, though
Speaker 1: I'm considering going to a sea corp. So for those
Speaker 1: of you who are like one of these letters, so an
Speaker 1: LLC from what I remember, is like the way the
Speaker 1: state looks at you as a relation to the way
Speaker 1: you're incorporating, right, and so s corpse are also LLC's.
Speaker 1: And what makes LLC's special is that it's a pass
Speaker 1: through entity. That just means that when you pay taxes,
Speaker 1: the business passes through to you and the tax is
Speaker 1: going your personal tax return. Right, So when you are
Speaker 1: a sole proprietor LLC or say like a partnership LLC,
Speaker 1: you are still considered like self employed. When you become
Speaker 1: an es corp. That means Mandy officially is a is
Speaker 1: an employee of her business and she no longer has
Speaker 1: to pay self employment tax. That's the benefit from adding
Speaker 1: es corp to your LLC. It's like, ooh, but that
Speaker 1: typically you don't You shouldn't do that probably around maybe
Speaker 1: like one hundred thousand a year mark you though, because
Speaker 1: then it's like, okay, now my self employment tax is
Speaker 1: going to be too expensive if you're making under one
Speaker 1: hundred thousand dollars a year. Self employment tax you know,
Speaker 1: in relation to the other taxes you would pay as
Speaker 1: an es corp, is probably manageable. Once you start to
Speaker 1: make six figures are more considering. You want to talk
Speaker 1: to your attorney, talk to your accountant. They'll help guide
Speaker 1: you and they'll do they'll see taxes as a sole
Speaker 1: proprietor LLC taxes as a as an es corp. And
Speaker 1: then you know, they'll let you know where you know
Speaker 1: you'll save. And so you move over to the LLC side.
Speaker 1: You are now an employee. So Mandy is no longer
Speaker 1: self employed. She has to pay herself a salary.
Speaker 2: You know it's the worst.
Speaker 1: Yea, Now that's what it starts to get out to
Speaker 1: pay payroll taxes though, because that's where I'm like, damn,
Speaker 1: I'm behind three months on payroll taxes.
Speaker 2: Now, yes, I've never ahead.
Speaker 1: I'm telling you, like, honestly, I've made so many mistakes.
Speaker 1: I'm not even because first of all, Carlo said it,
Speaker 1: I think it's time to become a sea corp. Now,
Speaker 1: when you're a sea corp, it is not an LLC.
Speaker 1: It does not pass through onto your personal taxes. And
Speaker 1: when I say passed through on your personal taxes, I
Speaker 1: mean this that your company makes one hundred thousand dollars,
Speaker 1: you spend fifty thousand, and there's fifty thousand left over.
Speaker 1: Maybe of the fifty you give yourself twenty five for payment,
Speaker 1: and then you say, I'm going to save twenty five. Oooh,
Speaker 1: the the government does not care that saved twenty five.
Speaker 1: It's money that was earned and not spent on the business,
Speaker 1: so they look at it as your earned income. So
Speaker 1: you're going to have to pay taxes on the twenty
Speaker 1: five you received and the twenty five you do not receive.
Speaker 1: I did not know that. In the beginning, I was like,
Speaker 1: why am I? I felt broke. I was paying so
Speaker 1: much in taxes, not realizing that my company should be
Speaker 1: chipping in because some of that money was still left
Speaker 1: over in the company for savings, and so that's just
Speaker 1: the whole thing. But then I switched to I thought
Speaker 1: a sea corp. We had felt out the paperwork, didn't
Speaker 1: realize it didn't go through. A sea corp is different
Speaker 1: in that you are now an employee, just like anes corp,
Speaker 1: but except for it's not a pass through the company.
Speaker 1: Will pay its own taxes. It doesn't pass on to
Speaker 1: your personal like for example, Jeff Bezos. Imagine him paying,
Speaker 1: you know, taxes on the trillion dollars. You know he
Speaker 1: paid taxes in a copy now, but let's pretend like
Speaker 1: he paid so Sea Corps. As you start to make more,
Speaker 1: you know, maybe like seven figures or maybe multiple six
Speaker 1: figures than a Sea corp might make more sense. I
Speaker 1: thought I was a seed court Mandy, and we were
Speaker 1: filing taxes for like two or three telling me that
Speaker 1: you were something like that. I was not a Sea corp.
Speaker 2: Yo.
Speaker 1: When I tell you the amount of undoing, the amount
Speaker 1: of undoing, I was like, say what now? So you
Speaker 1: say what now? I was like, so, I guess we applied,
Speaker 1: but you know it didn't go through or whatever happened.
Speaker 1: And I saw I'm filing taxes incorrectly when I tell
Speaker 1: you the amount of money because Sea Corps technically lowered
Speaker 1: my tax my tax burden. So they're like, oh, sis,
Speaker 1: you wasn't supposed to get them breaks. Not only do
Speaker 1: you owe us, you owe us money on what you
Speaker 1: owed as so I know, I'm just saying all this
Speaker 1: to say, like, child, get your finances in order get
Speaker 1: your finances in order when it comes to your business.
Speaker 1: So good luck. Sorry, I hope we didn't scare you.
Speaker 2: It's like, it's just a five thousand dollars loan dollars
Speaker 2: a month. That's a pretty good that's all. That's a
Speaker 2: nice you know, a monthly payment there. Okay, well, let's
Speaker 2: that was that. That went in the directions that I'm
Speaker 2: so glad it went in. But let's take a quick
Speaker 2: break and we'll come back with your next question for
Speaker 2: the BAQA. All right, we are back and let's get
Speaker 2: into our second question. This one's interesting from Jessica. Jessica says,
Speaker 2: I met a wonderful girl in a retail store one day.
Speaker 2: She was so nice and invited my boyfriend and I
Speaker 2: for coffee. She was really well put together and was
Speaker 2: excited to leave her corporate job and pursue her passion.
Speaker 2: When we got to coffee with her, she started to
Speaker 2: mention a mentorship and being part of a mentorship opportunity
Speaker 2: from wealthy people. In short, I'm pretty sure it was
Speaker 2: a pyramid setup. Do you all have a point of
Speaker 2: view on these? I don't think it's for me, but
Speaker 2: I would love to know your insights since some people
Speaker 2: seem to be successful with it, that story took a turn.
Speaker 2: I met a wonderful girl. I was like, oh, it's
Speaker 2: a love story. Oh no, it's a horror story.
Speaker 1: I was thinking. I was like and then it was like, wait,
Speaker 1: is this a swinger story? What's happening? Because it's like
Speaker 1: me and my boyfriend, I'm like, I'm confused. Yeah, what
Speaker 1: are these?
Speaker 2: Is there a wealthy people offering no bullship as a
Speaker 2: pyramids game? I haven't heard of this.
Speaker 1: I well I've heard of so right now. What's really
Speaker 1: big that I've seen is that there are a lot
Speaker 1: of masterminds that that's the new thing and so, but
Speaker 1: not in the not with a pyramid structure. So not
Speaker 1: like you know, you bring somebody in and so the
Speaker 1: pyramid structure. Maybe you want to explain like what like
Speaker 1: you know, like one of these like pyramid structure looks
Speaker 1: like and then.
Speaker 2: Blue la row And who's the people that sell the knives?
Speaker 2: I don't know. I just know I have to save
Speaker 2: several Yeah, So basically it's it's it's think of a pyramid.
Speaker 2: You have the people at the very tippy top who
Speaker 2: are actually making money, and then they recruit other people
Speaker 2: to come in and start selling the product or getting
Speaker 2: members into their into their business, and then those members
Speaker 2: bring in other recruits, and then those recruits bring in
Speaker 2: more recruits. And the lower down the pyramid that you get,
Speaker 2: the harder it is to actually make money from it.
Speaker 2: And yeah, they it's also called the multi level marketing
Speaker 2: yes MLMs. MLMs, and I feel like there's a very
Speaker 2: agressive public relations campaign to try to save face for MLMs,
Speaker 2: and people are like really, you know, they get kind
Speaker 2: of upset whenever you talk about them and dog on them,
Speaker 2: but they target working home sorry women so often, especially
Speaker 2: women who work from home or who are stay at
Speaker 2: home mothers or parents, like and because of that population,
Speaker 2: because they're coming for us, you know, I just feel
Speaker 2: more like we have to really be careful and be
Speaker 2: aware of what it is. So a mastermind.
Speaker 1: So we'll also say this real quick about MLM. The
Speaker 1: thing about MLM, the marker of it being unsavory is
Speaker 1: that there's less a push for you to actually sell
Speaker 1: the product or service and more push for you to recruit.
Speaker 1: So it's like, wait, you know, like you have like
Speaker 1: Lula Row, like literally it wasn't so much that the
Speaker 1: people who were selling Luloo were actually making money selling
Speaker 1: the leggings. It was if I can find a Mandy
Speaker 1: underneath me, then she has a mandatory amouth that she
Speaker 1: has to buy. So it literally wasn't like Mandy's selling us,
Speaker 1: She's buying it. And so I get a percentage of
Speaker 1: anything that Mandy has bought or sold. I get a
Speaker 1: percentage of that. And so Mandy's like, well, dang, you know,
Speaker 1: I'm running out of money. Let me sign up my sister.
Speaker 1: So then her sister has to buy a certain amount.
Speaker 1: So it was less about like, oh, selling this great
Speaker 1: product or service and more about signing people up. So,
Speaker 1: just so we're clear, that's why pyramid schemes and those
Speaker 1: MLMs are so detrimental, because the underlying business is not
Speaker 1: good business. You know, it's just about recruiting people versus
Speaker 1: selling good things. But masterminds typically are different.
Speaker 2: You were almost going to join the mastermind or did
Speaker 2: you join the mastermind? You're gonna go to some kind
Speaker 2: of conference. I feel like that, zions you too.
Speaker 1: So yes, my business coach environment, it was a lot
Speaker 1: of money. I want to say it was like ten
Speaker 1: thousand dollars. You know, for that week or whatever. Yeah,
Speaker 1: it's a lot. So but the thing about it is
Speaker 1: is that there's no recruiting, Like it's not like hey, Tippy,
Speaker 1: you bring somebody in, you get money. But it doesn't
Speaker 1: mean that there that their masterminds can't be scams to
Speaker 1: anything can be a scam. So a mastermind, at its core,
Speaker 1: when it's good, is a group of people who are
Speaker 1: working toward like whatever success. You know, we could all
Speaker 1: be from different backgrounds, and then and you are supposed
Speaker 1: to share the knowledge that you know and like almost
Speaker 1: into a pot, and then people can kind of pull
Speaker 1: from that pot like, oh, I know marketing, Well that's
Speaker 1: great because I know copywriting. Well that's great because I know,
Speaker 1: and you're supposed to you're supposed to share that. And
Speaker 1: then typically there's someone maybe who is for some masterminds,
Speaker 1: it's all peers, and for some masterminds there's like one
Speaker 1: person that might be like the mentor of the mastermind.
Speaker 1: And so like, I'm not opposed to masterminds. The only
Speaker 1: thing now they've become so expensive and you wonder, like
Speaker 1: what's the return. I certainly have friends who are in
Speaker 1: some and they say that you know, it's been great,
Speaker 1: Like it's all these wealthy people teaching other wealthy people
Speaker 1: how to be wealthy. I've been to one, like I'm
Speaker 1: went to Vegas. I remember, I can't remember how much
Speaker 1: it was, but it was like for people who were
Speaker 1: seven figures trying to be eight figures. And certainly I
Speaker 1: learned a lot, but there was a lot of upselling
Speaker 1: at that mastermind meaning at the end saying you learned
Speaker 1: all of this, you can learn even more for a
Speaker 1: hundred thousand dollars. Literally it was a twenty thousand dollars upsot.
Speaker 1: I was like, bruh, I flew a economy here, so yeah,
Speaker 1: but would you ever don more?
Speaker 2: I don't know. I did invite myself to an informal
Speaker 2: like an informal group of fellow online entrepreneurs and just
Speaker 2: you know who get together on zoom every once in
Speaker 2: a while. But it's not like a Paige. It's just
Speaker 2: like a networking group because I'm really trying to want
Speaker 2: I want to like find support and find like among
Speaker 2: my peers and all that anyway, so that to me
Speaker 2: has a value. But I'm not necessarily I don't know
Speaker 2: if I'm I don't know. I'm always open to input.
Speaker 2: And I have worked with a business coach and you know,
Speaker 2: and I'm I'm definitely open to that, but I don't know,
Speaker 2: Like I did get in. I did see an ad
Speaker 2: for like a two day sort of one of those
Speaker 2: is that what you were saying, like you're at seven figures,
Speaker 2: you want to be eight or six figures or seven
Speaker 2: or something like that. It was two days and it
Speaker 2: was like fifteen thousand dollars and nah, no, I mean,
Speaker 2: I don't think I'm able to invest that much from
Speaker 2: what I'm making as a business. Like right now, I'm
Speaker 2: kind of looking at the math and I'm like, oh,
Speaker 2: that's a couple months worth of income, and nah, daycare
Speaker 2: is expensive. So yeah, math at math and I at
Speaker 2: a certain point, of course, you want to invest in
Speaker 2: your business, and as a business owner, you know, depending
Speaker 2: on how you structure it, those business expenses can be
Speaker 2: deducted and like it actually helps you to reduce your
Speaker 2: text liability. But I would want to I would say
Speaker 2: to this person, you didn't mention the name of the program,
Speaker 2: but I wouldn't sign up to anything. Right then, I
Speaker 2: will google the hell out of it and look for
Speaker 2: reviews and look for testimonials and be really.
Speaker 1: Clear of the t online.
Speaker 2: Yeah, I'm just surprised. What an old fashioned way to
Speaker 2: recruit just meet someone in a store. I feel like
Speaker 2: I got my don't talk to me face on like
Speaker 2: stone cold, do not approach me like.
Speaker 1: So, you know, it seems odd because it's like, now
Speaker 1: here's the thing, Like it's it's one thing for like, Okay,
Speaker 1: you are in this business space and someone says, hey, Mandy,
Speaker 1: I know you started a business and you know this
Speaker 1: is thing. This thing is working for me. But for
Speaker 1: me to just be walking in the store, you don't
Speaker 1: know anything about me. You know what what value add
Speaker 1: are you adding? You know what I mean? So to me,
Speaker 1: this rings like scammy Versus I might tell Mandy, Hey, Mandy,
Speaker 1: you know last week last year, I spent a weekend
Speaker 1: in Cobble learning from these people. I think it's a
Speaker 1: really good idea. You should you should come. You know
Speaker 1: that's different, like you know, so then Mandy might say, okay,
Speaker 1: like I don't get paid if Mandy comes, and it
Speaker 1: might be expensive, but I'm like, you know, I really
Speaker 1: got to learn all these things and got to connect
Speaker 1: with different people. So in general, masterminds are you know,
Speaker 1: not bad ideas, it's just as long as you're clear
Speaker 1: on what your desired outcome is. It's in alignment with
Speaker 1: where you actually want to go. And like, you know,
Speaker 1: I would definitely get some like referrals, like I said,
Speaker 1: because all my friends are so many masterminds. Somebody these
Speaker 1: masterminds Mandy fifty thousand dollars for the year, and I'm
Speaker 1: just like, are they selling gold up in there? It
Speaker 1: just and I've been in a couple and I'm not
Speaker 1: gonna lie. We've gotten on the phone and I'm like,
Speaker 1: so I've only ever joined free one. I mean, and
Speaker 1: maybe that's why they haven't been so great. But I've
Speaker 1: been on a couple and after a couple of calls,
Speaker 1: I'm like, oh my god, this is not useful, this
Speaker 1: is not helpful. So I've left. So maybe because they're
Speaker 1: free so they weren't as focused, but pyramid schemes knew mastermind.
Speaker 2: Maybe Yeah, I'm suspicious of like any business that's kind
Speaker 2: of built on convincing people they can't do something on
Speaker 2: their own that they need, you know, guidance or they
Speaker 2: need this particular method or strategy. And as a career coach,
Speaker 2: myself I think about that often because I want my
Speaker 2: value to always be that I'm someone who can help
Speaker 2: you see through blind spots and encourage and make you
Speaker 2: feel more capable of doing it. And I love the
Speaker 2: term coach. I've really I think in the past I
Speaker 2: was always like coach and what is that? But I mean,
Speaker 2: what better way to describe what it is that you
Speaker 2: know I do through my work and actually helping people
Speaker 2: be the best versions of themselves. But I would tell
Speaker 2: someone immediately if I felt like I'm not probably the
Speaker 2: right person for you right now or the right you
Speaker 2: know what I mean. And even for my group coaching program,
Speaker 2: I know one of them, one of the makers wanted
Speaker 2: to know, is there a referral co a referral fee
Speaker 2: if we refer people to makers? And I was like, no,
Speaker 2: I don't want people to feel like they need to
Speaker 2: refer people and they're going to make money off I
Speaker 2: want you to refer people because you got so much
Speaker 2: out of it, you know what I mean, And that
Speaker 2: word of mouth is powerful.
Speaker 1: With that, I feel like, you know, and maybe as
Speaker 1: you grow you might have like a you know, someone
Speaker 1: might actually bring in genuinely their sister or whatever, and
Speaker 1: you I mean you you might reconsider because I mean
Speaker 1: I don't have any referral programs either, but for example,
Speaker 1: the Literature Academy, it's something I'm looking into because a
Speaker 1: lot of people are like, oh my gosh, this is
Speaker 1: what I'm wanting. So you know, it's been six years,
Speaker 1: so I'm open to that. But a girl, if you
Speaker 1: need a coach, you got two coaches right here. You
Speaker 1: need a career coach, where can they? Where can she
Speaker 1: find you?
Speaker 2: Mandy oh mandymoney dot com?
Speaker 1: Right? And then if you want a mentor, a mentor
Speaker 1: in business, entrepreneurship, personal and professional development, and it's just
Speaker 1: my mentor Tiffany dot com. So sis, And meanwhile, it's
Speaker 1: ten months for me. So first of all, let me
Speaker 1: let me laugh. Like, so, I sent real clear guidelines
Speaker 1: about like what I will and will not do in
Speaker 1: my mentor tivity space, and a woman emailed me was like,
Speaker 1: I'm really disappointed because I expected that was gonna have
Speaker 1: a one on one with you. I'm like, well, one,
Speaker 1: it's clear in what like the video and what I wrote,
Speaker 1: like when you sign up, But she was like, maybe
Speaker 1: I'm being unrealistic. Assis, it's ten thousand a month Yo,
Speaker 1: that's not even babysitting ten whole thouars a month. And
Speaker 1: you thought that we were going to get on, you know.
Speaker 1: And I really try to be clear. Every time I
Speaker 1: teach a lesson, I'm like, hey, let's just re establish boundaries.
Speaker 1: This is what it's gonna look like. Mom says, you
Speaker 1: thought it's gonna get on a call, and I was
Speaker 1: gonna be like, ooh child. Anyway. Now, don't get me wrong.
Speaker 1: I do mentoring for like the ten people who are
Speaker 1: mentor and it's free. We just talk, you know. But
Speaker 1: I was just like, that's not what this is. This
Speaker 1: is really digital group mentoring. I'm trying to make it
Speaker 1: as accessible as possible. But I just thought that was
Speaker 1: like a month. Says I would hate to be baby saying, yo, Chid,
Speaker 1: because you must be like, here's your two panties, see
Speaker 1: you next next week.
Speaker 2: Girl. I mean, my cousin Anna makes twenty five dollars
Speaker 2: an hour babysitting. How should I be a full time? No?
Speaker 1: The children know I can't.
Speaker 2: Other people's children know. Well, listen, you can buy your
Speaker 2: own damn coffee. You know. You don't need someone else
Speaker 2: to buy you a coffee in a random store. But
Speaker 2: thanks for the fun, fun story, Jessica, and be safe
Speaker 2: out there, y'all, be safe out there in these streets.
Speaker 2: All right, all right, well this was your week. Be
Speaker 2: a Q and A. We will see y'all next week.
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Speaker 2: Emission Podcast is produced by Cumulus Podcast Network. It's edited
Speaker 2: by the wonderful Emani Crosby and produced by Tanya Bustos.
Speaker 2: Dennis Stimplinsky is our in house tech guru, and I
Speaker 2: am Bandy Woodard Santos, your co host, and I will
Speaker 2: see y'all next week.