WEBVTT - How To Invest Beyond Your 401K (How-To Mondays) 0:00:00.120 --> 0:00:02.960 Hey, hey, BA fam. We love mondays around here because 0:00:03.080 --> 0:00:06.360 when we publish our how to Throwback episode, so we 0:00:06.480 --> 0:00:09.400 dig into the BA archives and bring out the ones 0:00:09.400 --> 0:00:11.840 where we really teach you some incredible skills you could 0:00:11.920 --> 0:00:15.480 use to advance your career, bring home the bacon and 0:00:15.560 --> 0:00:17.720 actually know what to do with it. And that's exactly 0:00:17.760 --> 0:00:21.000 what today's throwback episode is about, because we talk about 0:00:21.040 --> 0:00:23.759 how to invest beyond your four oh one K. In 0:00:23.800 --> 0:00:26.279 this episode, we're going to break down why it's finally 0:00:26.320 --> 0:00:29.280 time for you to start thinking beyond basic savings and 0:00:29.320 --> 0:00:33.559 retirement accounts and taking advantage of what else there may 0:00:33.560 --> 0:00:35.559 be out there. Play the field with your money a 0:00:35.560 --> 0:00:39.040 little bit, okay, and I might tell you a secret 0:00:39.200 --> 0:00:45.120 about my My money habits a bit of a cash hoarder. 0:00:45.240 --> 0:00:47.000 Y'all might have known that. But I don't know if 0:00:47.040 --> 0:00:49.360 I can even compete with Tiffany, y'all, because that girl 0:00:49.400 --> 0:00:53.279 loves to hold on some cold, hard cash. I think 0:00:53.320 --> 0:00:55.760 if she didn't have Angelie, you know, her financial planner, 0:00:55.760 --> 0:00:57.880 I think Tiffany would probably I love that. I'm doom 0:00:57.880 --> 0:01:00.920 shit about her because she's not here, but I bet 0:01:00.960 --> 0:01:02.880 she would have like there would be a drawer in 0:01:02.920 --> 0:01:05.440 her house with just cashing it, just cold heart cash, 0:01:05.600 --> 0:01:07.400 it would be like a duffel bag and be under 0:01:07.440 --> 0:01:12.160 her couch cushion somewhere. She'd be that lady. But without 0:01:12.200 --> 0:01:15.639 further ado, here is our throwback this week, don't forget 0:01:15.680 --> 0:01:18.440 to rate and review the show. We love hearing from 0:01:18.440 --> 0:01:21.440 our listeners so much. In fact, I'm going to go 0:01:21.480 --> 0:01:23.640 and read one of the most recent reviews that we got, 0:01:23.640 --> 0:01:26.600 because why the hell not? All right? This listener Kansas 0:01:26.600 --> 0:01:29.920 City Diana. Oh, she left us a review just a 0:01:29.920 --> 0:01:33.320 week ago. A week ago? Can I speak? Listen, y'all, 0:01:33.360 --> 0:01:35.120 I've been doing this podcast for how long? Let me 0:01:35.160 --> 0:01:38.600 get a sentence out of my mouth without a verbal typo. 0:01:39.440 --> 0:01:42.800 This review is from Kansas City Diana, who left us 0:01:42.800 --> 0:01:44.880 a review on Apple about a week ago. She says, 0:01:44.920 --> 0:01:47.200 these two ladies have inspired me with their advice and 0:01:47.319 --> 0:01:50.880 hype while interviewing some of the most interesting and helpful guests. 0:01:50.880 --> 0:01:54.080 I have laughed and cried and felt so uplifted by 0:01:54.080 --> 0:01:56.680 hearing these stories every week. 0:01:57.080 --> 0:01:57.760 Five stars. 0:01:57.840 --> 0:02:01.520 Thank you, Diana. That is so freaking kind. I wish 0:02:01.560 --> 0:02:03.440 we had started reading these reviews out loud a lot 0:02:03.800 --> 0:02:07.160 a long time ago, but no better time than the present. 0:02:07.240 --> 0:02:09.360 If y'all want to leave a review, please, it means 0:02:09.360 --> 0:02:12.000 so much to us. We really genuinely read each and 0:02:12.000 --> 0:02:15.200 every one. You can go to wherever you get your podcasts, 0:02:15.200 --> 0:02:19.680 Apple Podcasts primarily and leave us a review there. All right, 0:02:19.840 --> 0:02:24.200 let's get into this week's How To episode. 0:02:24.480 --> 0:02:29.400 Hey, hey, hey, it's not my usual Vigor. It's been 0:02:29.440 --> 0:02:30.560 a long day. 0:02:31.880 --> 0:02:33.880 It's been a long day, and Skype is trying us 0:02:33.880 --> 0:02:34.639 earlier today. 0:02:35.080 --> 0:02:35.360 I know. 0:02:35.600 --> 0:02:36.760 Honestly, Skype is a hater. 0:02:37.040 --> 0:02:39.519 Skype did not want brund Ambition to happen tonight. 0:02:40.400 --> 0:02:43.880 But Skype lost Brown Ambition one whoop whoop because we 0:02:44.000 --> 0:02:45.239 back and we black and we brown. 0:02:46.040 --> 0:02:46.960 So how was your birthday? 0:02:47.680 --> 0:02:49.160 Honestly it was awesome. 0:02:49.240 --> 0:02:52.959 So Superman brought me some diamond ear rings, which he 0:02:53.040 --> 0:02:55.400 was so proud, I know. He made me open them 0:02:55.440 --> 0:02:59.600 in front of everybody's like good, passed them around because 0:02:59.600 --> 0:03:00.920 I was like, when am I getting my gift? He 0:03:00.960 --> 0:03:02.920 was like later on tonight he was like waiting for 0:03:02.960 --> 0:03:03.600 more people to come. 0:03:03.639 --> 0:03:03.799 Oh. 0:03:03.840 --> 0:03:06.480 So part of the gift was also that he invited 0:03:06.600 --> 0:03:08.560 like my family and friends to the house on my 0:03:08.639 --> 0:03:09.840 actual birthday, which was. 0:03:09.800 --> 0:03:13.240 Really nice and he you know, got food. 0:03:13.560 --> 0:03:15.440 He even got like vegan food for me for my 0:03:15.480 --> 0:03:17.520 favorite vegan restaurant, and even a vegan cake. 0:03:17.720 --> 0:03:20.600 It was a chocolate moose cake that was delicious, awesome. 0:03:21.000 --> 0:03:22.440 I know, I was like, look at you because once 0:03:22.480 --> 0:03:23.760 I found out, at first it was going to be 0:03:23.800 --> 0:03:25.680 a little bit of a surprise, and then I think 0:03:25.720 --> 0:03:27.040 he was just kind of like, well, let me just 0:03:27.040 --> 0:03:28.560 tell her. So once I found out, you know, I 0:03:28.560 --> 0:03:30.920 tried to take over and he was like, yeah, so no, 0:03:31.000 --> 0:03:32.120 I'm the project manager. 0:03:32.320 --> 0:03:33.080 You just sit back. 0:03:35.040 --> 0:03:38.040 Not a gift though, because it's so much so it's 0:03:38.080 --> 0:03:39.240 so hard to sit back. 0:03:39.440 --> 0:03:41.400 Yeah. What I was like calling all my friends secretly 0:03:41.440 --> 0:03:42.000 like okay. 0:03:41.760 --> 0:03:44.360 Girl, so you know you could do it for her, right, 0:03:44.440 --> 0:03:46.520 Like what do he say to brain? Okay, no, this 0:03:46.600 --> 0:03:49.280 is what you need to do. But it was great, 0:03:49.320 --> 0:03:51.280 and especially when we opened up. He was like open 0:03:51.360 --> 0:03:52.920 up the present and I can barely look at that. 0:03:53.000 --> 0:03:55.360 Before he took them, was like passing them around the table. 0:03:55.400 --> 0:03:59.800 I'm like, honestly, okay, sorry, no, yeah, but honestly, it was. 0:03:59.800 --> 0:04:06.640 An awesome, awesome, awesome birthday. Oh happy birthday, yes, oh child. 0:04:06.880 --> 0:04:08.680 So you know it's so crazy, you know, how last week, 0:04:08.760 --> 0:04:10.600 like I talked about the and I know you got 0:04:10.640 --> 0:04:15.720 some mail about that that almost rape moment that I 0:04:15.760 --> 0:04:18.440 had back when I was like in college. 0:04:18.760 --> 0:04:20.920 Oh right, last still last week on the show, we 0:04:20.920 --> 0:04:23.520 were talking about all the Harvey Weinstein stuff. Just in case, 0:04:23.600 --> 0:04:28.600 y'all and Tiffany, you opened up about. 0:04:29.240 --> 0:04:31.160 A really strange, scary. 0:04:30.839 --> 0:04:32.040 Like sexual encounter you had. 0:04:32.120 --> 0:04:32.280 Mom. 0:04:32.360 --> 0:04:33.159 Was that in college? 0:04:33.680 --> 0:04:33.920 Yeah? 0:04:33.960 --> 0:04:36.039 It was like, yeah, I think I had to be 0:04:36.080 --> 0:04:40.560 maybe a freshman in college and then so I wasn't raped. 0:04:40.600 --> 0:04:41.880 For those of you are like, what, so listen to 0:04:41.960 --> 0:04:42.919 the show before. 0:04:42.640 --> 0:04:46.360 But I then then to home me Too. So this 0:04:46.520 --> 0:04:48.520 was relating back to kind of like what's happening now. 0:04:48.880 --> 0:04:52.960 There's this campaign going around called me Too, where women 0:04:53.040 --> 0:04:58.080 are sharing their own sexual harassment or rape or molestation 0:04:58.279 --> 0:04:59.520 or whatever that looks like. 0:04:59.560 --> 0:05:03.640 And it's so powerful. And that's seeing women that I 0:05:03.720 --> 0:05:04.360 know and. 0:05:04.279 --> 0:05:07.120 I'm like really and seeing their stories and it's I 0:05:07.120 --> 0:05:10.000 don't know that any woman has not said basically me too, 0:05:10.040 --> 0:05:12.599 hashtag me too. It's just been really powerful. Have you 0:05:12.640 --> 0:05:13.080 seen it? 0:05:13.320 --> 0:05:13.440 Oh? 0:05:13.520 --> 0:05:15.920 Yeah, I mean how could you miss it? I mean 0:05:15.920 --> 0:05:18.040 it's sad sadly, how could you miss it? It seems 0:05:18.080 --> 0:05:22.240 like half the women I'm on my Facebook feed, you know, 0:05:22.520 --> 0:05:24.960 are either writing it's it's nice because it's such a 0:05:25.000 --> 0:05:28.120 simple hashtag and it leaves it leaves you with the 0:05:28.160 --> 0:05:29.960 ability to not have to say too much, like you 0:05:30.000 --> 0:05:32.200 can just say me too, but not have to expand 0:05:32.240 --> 0:05:34.880 on it. But then some of my friends and colleagues 0:05:34.920 --> 0:05:39.120 and family have been like, you know, taking an opportunity 0:05:39.160 --> 0:05:42.640 to share, you know, more details and stuff. 0:05:42.680 --> 0:05:46.400 But yeah, it is, so. 0:05:48.360 --> 0:05:49.680 This is kind of I'm just like, did you see 0:05:49.720 --> 0:05:53.680 did you hear about the story about American Airlines? And uh, 0:05:53.880 --> 0:05:56.719 Tamika said, Tamika Maori. This is her name. 0:05:57.040 --> 0:06:01.720 She is a mirror maworie. No, it's Tamika, That's what 0:06:01.760 --> 0:06:03.159 it is. She's a black activist. 0:06:03.240 --> 0:06:05.040 So I guess I'm just saying this is just coming 0:06:05.040 --> 0:06:08.000 out that like she was booted from an American Airlines plane. 0:06:08.400 --> 0:06:09.800 Now they have this big. 0:06:11.080 --> 0:06:13.800 Well she's starting kind of like a campaign, I guess 0:06:13.800 --> 0:06:16.919 against American Airlines. So apparently she tried to switch her seat, 0:06:17.440 --> 0:06:20.160 wasn't able to. I guess a pilot overheard her going 0:06:20.200 --> 0:06:22.560 back and forth with the gate agent, so after she 0:06:22.560 --> 0:06:24.440 would seate it. So I guess at a Kiosk. She 0:06:24.560 --> 0:06:28.320 switched her seat from middle to aisle, but it didn't 0:06:28.320 --> 0:06:30.080 take at the gate, so she was going back and 0:06:30.080 --> 0:06:31.719 forth with the gate agent like no, no, I had an 0:06:31.720 --> 0:06:34.599 aisle seat, a middle seat or whatever. The pilot overheard, 0:06:35.360 --> 0:06:39.200 and I guess when she got seated then had her removed. 0:06:39.440 --> 0:06:41.440 This is like after they she went back and forth 0:06:41.440 --> 0:06:43.719 with the gate agent. So anyway, it's just kind of random, 0:06:43.760 --> 0:06:45.760 and I was just like, what, you would think these 0:06:45.800 --> 0:06:53.080 airlines would be more more careful these days about removing people, 0:06:54.120 --> 0:06:56.039 Like not just for me reading it now, of course 0:06:56.040 --> 0:06:58.400 I'm not hearing what American Airlines is having to say, 0:06:58.400 --> 0:07:00.480 but reading it now, it seems like so, but you 0:07:00.520 --> 0:07:02.880 would think that they'd be more careful with how they've 0:07:02.880 --> 0:07:06.600 been sued so many times for improper removing people, improperly 0:07:06.600 --> 0:07:08.880 removing people. One of my friends works for an airline, 0:07:08.920 --> 0:07:11.280 so whenever something like this happens, I always ask him, like, 0:07:12.160 --> 0:07:14.720 you know, so, like what you know, did they did 0:07:14.720 --> 0:07:17.160 they follow procedure? What could what what they what were 0:07:17.160 --> 0:07:18.720 they allowed to do or not allowed to do? And 0:07:18.720 --> 0:07:21.800 his his insights always really interesting when he's like, oh, yeah, 0:07:21.840 --> 0:07:24.680 they totally messed up or actually that's the procedure and 0:07:24.760 --> 0:07:26.440 unfortunately just went left. 0:07:27.120 --> 0:07:28.440 So yeah, that's airlines. 0:07:28.480 --> 0:07:30.320 Well, I mean it's not just the airlines, it's like 0:07:30.320 --> 0:07:34.960 the people working, you know, it's like the PR, the 0:07:35.000 --> 0:07:37.760 PR person that the airline definitely would handle it differently, 0:07:37.800 --> 0:07:40.240 but like when it's down to like the individual at 0:07:40.320 --> 0:07:43.680 the gate and like and who they're hiring, and like 0:07:43.720 --> 0:07:44.320 so many. 0:07:44.080 --> 0:07:47.520 People, it is especially you know, it's not easy. 0:07:47.600 --> 0:07:50.000 I mean, I'm not saying that America, I didn't make 0:07:50.040 --> 0:07:55.640 a mistake, but customer support and service can be because 0:07:55.760 --> 0:07:59.520 you know, everyone's just so many personalities to deal with, 0:08:00.320 --> 0:08:02.720 and you know, just managing that like the person before 0:08:02.880 --> 0:08:04.560 might have just yelled at you, the other person is 0:08:04.600 --> 0:08:05.320 like I'm going to get. 0:08:05.240 --> 0:08:08.560 You fired, and it's just so much. I don't even 0:08:08.600 --> 0:08:08.920 know how. 0:08:09.440 --> 0:08:10.720 I mean, I guess you could say I work in 0:08:10.720 --> 0:08:13.760 customer support in some ways, and sometimes I'm like I'm 0:08:13.800 --> 0:08:19.160 all right on the other side, yeah, well, being on 0:08:19.200 --> 0:08:21.440 the side of like service, you know, because like you'll 0:08:21.440 --> 0:08:22.360 try to serve somebody. 0:08:22.600 --> 0:08:25.400 Yo, there is what is that saying about, like no 0:08:25.480 --> 0:08:26.720 good deedgos unpunished. 0:08:27.720 --> 0:08:32.040 Like literally I could give something like hey, guys, I'm 0:08:32.040 --> 0:08:33.160 going to give you this present. 0:08:33.200 --> 0:08:36.280 It's so great here and it's totally free. It will 0:08:36.360 --> 0:08:37.040 change your life. 0:08:37.240 --> 0:08:40.439 And somebody will still be like it's not purple though, 0:08:40.880 --> 0:08:45.920 and I'm like, what, like somebody will complain about something 0:08:46.040 --> 0:08:48.040 so random of this free gift. 0:08:48.040 --> 0:08:48.199 Oh. 0:08:48.240 --> 0:08:50.040 I remember one time a woman signed up for my 0:08:50.440 --> 0:08:53.720 Live Ritual Challenge, which is completely free, and it's already 0:08:53.800 --> 0:08:55.000 years in, so you know, in the beginning, I can 0:08:55.080 --> 0:08:57.400 understand people are a little sketchy about like, oh, is 0:08:57.440 --> 0:08:59.400 this really free or is it like fake free? When 0:08:59.400 --> 0:09:02.000 they're like it got you, but it's like year four now, 0:09:02.000 --> 0:09:04.319 so there's no gotcha, gotcha. And so she wanted a 0:09:04.400 --> 0:09:07.280 one on one so she emailed and me was like, Hey, 0:09:08.000 --> 0:09:09.880 you know I'm doing the challenge. 0:09:09.920 --> 0:09:11.960 I have a question. Can I can I get a 0:09:11.960 --> 0:09:12.520 phone call? 0:09:12.840 --> 0:09:14.679 And I was like, you know, unfortunately, because there's so 0:09:14.720 --> 0:09:17.400 many women at this time, it was a few hundred thousand, 0:09:17.800 --> 0:09:19.520 and you know that I can't do one on one 0:09:19.520 --> 0:09:21.840 phone call. But you police post in the group because 0:09:21.840 --> 0:09:24.640 there's literally hundreds of thousands of women and someone has 0:09:24.640 --> 0:09:27.600 the answer for you. And she wrote back, and I'll 0:09:27.600 --> 0:09:32.080 never forget this. I remember looking at the screen and blinking. Well, clearly, 0:09:32.240 --> 0:09:34.840 this is not a program for me. If you can't 0:09:34.840 --> 0:09:36.440 take the time out of your day to get on 0:09:36.440 --> 0:09:39.800 the phone to help somebody, I think i'll remove myself. 0:09:40.040 --> 0:09:44.880 I'm like, from the from the free program. Like I 0:09:45.000 --> 0:09:48.840 was thinking to myself, ma'am, I'm literally this is okay. 0:09:49.200 --> 0:09:51.520 You could leave. I'd prefer if you don't. But I'm like, 0:09:51.559 --> 0:09:52.520 it's a free program. 0:09:52.760 --> 0:09:55.679 Why are you mad at me because I won't take 0:09:55.679 --> 0:09:58.200 a call from all three hundred thousand women who hit 0:09:58.240 --> 0:09:58.440 me up. 0:09:58.440 --> 0:10:00.640 That's why I created the group, because because I kept 0:10:00.679 --> 0:10:04.000 getting so many requests to talk that I. 0:10:03.920 --> 0:10:06.040 Said, there has to be a way that people still 0:10:06.080 --> 0:10:09.400 get help if I can't speak to anyone individually, everyone individually, 0:10:09.800 --> 0:10:12.360 and so it's like you still get the help for free, 0:10:12.400 --> 0:10:15.000 no matter what. And so I just remember thinking like, wow, 0:10:15.200 --> 0:10:16.800 you could do a lot of good, but there's always 0:10:16.840 --> 0:10:18.320 going to be somebody who's going to be like. 0:10:18.640 --> 0:10:20.600 I know you gave your arm, but you didn't give 0:10:20.640 --> 0:10:25.360 you a shoulder, you know. Oh my gosh. 0:10:25.440 --> 0:10:25.600 Yeah. 0:10:25.760 --> 0:10:28.480 The service industry, Yes, that service. 0:10:28.120 --> 0:10:31.040 Industry, it can be well, I mean I'm great, so 0:10:31.040 --> 0:10:32.079 on truth, people are nice. 0:10:32.120 --> 0:10:33.520 Yeah, So I was gonna say like, yeah, I have 0:10:33.559 --> 0:10:33.840 a lot. 0:10:33.880 --> 0:10:37.040 I mean, ninety nine percent of the dream catches are honestly, 0:10:37.040 --> 0:10:38.240 it's the thing that keeps me going. 0:10:38.320 --> 0:10:40.080 But then you get that one and you're like, girl, 0:10:40.120 --> 0:10:40.960 get on my inbox. 0:10:42.400 --> 0:10:45.720 Hey, did you see the Google doodle today? Yes, Elena, 0:10:47.800 --> 0:10:50.880 I didn't realize today. What is it the anniversary of 0:10:50.880 --> 0:10:52.839 her very first album in nineteen. 0:10:54.640 --> 0:10:55.360 What people? 0:10:55.440 --> 0:10:56.560 What an icon there? 0:10:56.760 --> 0:11:00.160 I know, isn't that so crazy? There's some people who 0:11:00.920 --> 0:11:02.480 because how old was she? 0:11:02.480 --> 0:11:06.280 She was twenty three twenty four when she died. 0:11:06.320 --> 0:11:09.400 I mean she was like a baby exactly. 0:11:09.480 --> 0:11:11.839 And I mean I wonder what it is about some 0:11:11.880 --> 0:11:15.040 people who are who leaves such a mark on the 0:11:15.120 --> 0:11:18.480 world that they literally change it and are forever remembered, 0:11:18.520 --> 0:11:21.040 you know what I mean, Like like what is that 0:11:21.080 --> 0:11:23.960 magic sauce that some people have, because like I'm not 0:11:24.040 --> 0:11:27.360 even like into like necessarily, like I'm not sure what 0:11:27.760 --> 0:11:30.920 you would call the music, the type like her genre music. 0:11:31.720 --> 0:11:35.000 It was well, she started out doing tehano music, I think, 0:11:35.040 --> 0:11:37.359 and then she was crossing over into pop music. 0:11:37.720 --> 0:11:39.600 So I'm not like, you know, but still I knew 0:11:39.600 --> 0:11:43.160 about Selena like and her impact. So it just sometimes 0:11:43.200 --> 0:11:46.040 people just leave this Mark and it's in you know, 0:11:46.160 --> 0:11:50.360 it's just forever part of the fabric of I don't know, 0:11:50.520 --> 0:11:53.360 of our culture. And that's Selena. I'm like, oh, man, 0:11:53.480 --> 0:11:56.640 like yeah, what a beautiful young soul. And you're right, 0:11:56.720 --> 0:11:58.480 she was a baby, and it's such a shame. 0:11:59.240 --> 0:12:00.559 We could use this today. 0:12:00.600 --> 0:12:00.840 Man. 0:12:01.559 --> 0:12:04.199 I think what she represented too, the combination of culture 0:12:04.280 --> 0:12:08.000 from Mexico to America, because you know, she was grew 0:12:08.080 --> 0:12:10.440 up in Texas with Mexican American, but that's like a 0:12:10.440 --> 0:12:14.600 different culture than straight Mexican than straight American. And I 0:12:14.600 --> 0:12:20.000 think she represented both worlds so so great, so well, 0:12:20.360 --> 0:12:23.560 and she was like both of ours, and you know, 0:12:24.040 --> 0:12:30.319 represented like a new generation of young Mexican American immigrants. 0:12:30.360 --> 0:12:31.880 And of course she died so young. 0:12:31.920 --> 0:12:32.839 It's also just like. 0:12:32.800 --> 0:12:35.200 The fact of someone dying so young and being so bright, 0:12:35.600 --> 0:12:38.120 like Aliyah. Think about Alia when you think about Selena. 0:12:39.679 --> 0:12:42.839 But if you want to go feel some kills and 0:12:43.520 --> 0:12:45.120 have like a little pick me up, go check out 0:12:45.120 --> 0:12:46.760 the Google all you have until midnight. 0:12:46.920 --> 0:12:47.920 Actually it's over by now. 0:12:47.920 --> 0:12:51.040 When you're listening to this, it's like it's that it's 0:12:51.080 --> 0:12:52.920 gonna be on YouTube though, no, no, it's on YouTube. 0:12:52.960 --> 0:12:53.520 If you go to them. 0:12:54.160 --> 0:12:56.040 They had the video that they have is on YouTube. 0:12:56.040 --> 0:12:57.000 You can just you can go to. 0:12:56.960 --> 0:13:00.480 YouTube and look up Selena Google doodle pop up. 0:13:12.240 --> 0:13:16.520 Okay, do you want to break? Do you want to boost? 0:13:17.000 --> 0:13:19.480 Because I won't want to. I don't know what do 0:13:19.520 --> 0:13:20.719 I want to do? Break or boost? What do you 0:13:20.760 --> 0:13:21.120 want to do? 0:13:21.640 --> 0:13:25.360 I want to break? Well, I always get torn. I 0:13:25.400 --> 0:13:28.720 want to do a break from more money, more problems. Okay, 0:13:28.840 --> 0:13:31.440 here's the problem. I feel like I'm at that place 0:13:31.480 --> 0:13:35.840 now where we had to have a you know, we 0:13:35.880 --> 0:13:39.000 had a financial planner and she was really useful to us, 0:13:39.120 --> 0:13:42.960 especially this last year. She was a feeling planner, and 0:13:43.000 --> 0:13:46.119 we would pay her a monthly fee for her services. 0:13:46.200 --> 0:13:49.080 Then she would she would come sometimes visit New York 0:13:49.240 --> 0:13:51.120 to meet this in person and she would just offer 0:13:51.160 --> 0:13:54.160 a lot of advice and help us everything from comparing 0:13:54.280 --> 0:13:57.079 you know, life insurance plans to when we got married, 0:13:57.120 --> 0:14:00.000 looking at our health insurance plans and you know, recommend 0:14:00.080 --> 0:14:02.960 ending which one to go with and like really helpful 0:14:03.040 --> 0:14:08.560 and and anyway, so we've had we've had a great 0:14:08.679 --> 0:14:11.560 year and it's been really helpful, you know, having this 0:14:11.559 --> 0:14:15.640 this this planner. But it's like now it's getting to 0:14:15.720 --> 0:14:16.400 a point. 0:14:16.120 --> 0:14:19.880 Where we have we have our goals, and we have 0:14:20.280 --> 0:14:21.200 money in the bank. 0:14:21.440 --> 0:14:23.800 But she's like, you have way too much in cash. 0:14:24.080 --> 0:14:27.120 And I feel like we're becoming that millennial prophecy or 0:14:27.160 --> 0:14:29.920 like the millennial stereotype of like we keep too much 0:14:29.960 --> 0:14:33.360 in our savings because we're afraid of investing. I'm afraid 0:14:33.400 --> 0:14:36.000 of investing, but just like we're hesitant to start investing 0:14:36.000 --> 0:14:38.600 with our with our savings, our cash money, you know 0:14:39.040 --> 0:14:41.200 a note, both of us max out our four to one. 0:14:41.280 --> 0:14:43.240 K's like, we have no problem doing that. But other 0:14:43.320 --> 0:14:47.360 than that, it's always been we're sort of like squirling 0:14:47.400 --> 0:14:50.000 and hoarding. And I say we but really it's me. Yeah, 0:14:50.600 --> 0:14:53.680 I'm sort of like nurturing this little that's like my little. 0:14:55.320 --> 0:14:55.920 Little like. 0:14:57.520 --> 0:14:58.400 My frescious. 0:15:00.360 --> 0:15:01.760 It's a white, fluffy cat. 0:15:02.080 --> 0:15:04.440 And I'm like, what do you mean there's too much? 0:15:04.760 --> 0:15:07.160 Yes, oh my god, that must be the millennial like, 0:15:07.440 --> 0:15:10.160 because I'm like, I'm generation is an X. 0:15:10.160 --> 0:15:11.640 Right, is that what is white before millennial? 0:15:11.800 --> 0:15:12.040 Yes? 0:15:12.480 --> 0:15:15.360 But I'm like on the I'm like I said generation yes, 0:15:15.480 --> 0:15:17.440 but I'm like a super like I'm on the young 0:15:17.520 --> 0:15:20.480 side of Generation X, and that so I have a 0:15:20.480 --> 0:15:23.200 lot of millennial tendencies, and that is so me. I've 0:15:23.240 --> 0:15:25.280 got a little stockpile for when the wear from the 0:15:25.280 --> 0:15:29.000 one the war comes, right, I'm ready, you know, I 0:15:29.040 --> 0:15:32.360 have so much cash sitting My financial advisor just looked 0:15:32.360 --> 0:15:35.880 at me like, Tiffany, what are you doing. I'm like, 0:15:35.920 --> 0:15:38.800 I don't know because I am afraid to invest. I'm 0:15:38.800 --> 0:15:40.560 not gonna lie. I do I have my I have 0:15:40.680 --> 0:15:42.960 my you know, my my retirement fund set up. So 0:15:43.080 --> 0:15:45.880 the superman, but there there's a part of me that 0:15:45.880 --> 0:15:50.160 it's really afraid to like not see the stockpile, you know, 0:15:50.480 --> 0:15:52.800 like no, no, because when the war comes and if 0:15:52.840 --> 0:15:54.680 recession hits, I'm ready. 0:15:54.840 --> 0:15:57.440 You know, I got my gold bars underneath the bed. 0:15:58.680 --> 0:15:59.960 So no, I totally feel you. 0:16:00.240 --> 0:16:01.640 Oh well, one of the. 0:16:01.520 --> 0:16:04.000 Things that she she gave us a plan, an action plan, 0:16:05.480 --> 0:16:08.360 because she gave us an action plan last month and 0:16:08.920 --> 0:16:12.520 I've been really like procrastinating and actually doing it. But 0:16:12.600 --> 0:16:14.920 it's actually a plan on how much. So a lot 0:16:14.920 --> 0:16:18.080 of we've gotten this question before. You know, after your 0:16:18.120 --> 0:16:20.440 four oh one k, what are you supposed to do 0:16:20.480 --> 0:16:22.480 with everything else that you earn over your lifetime? And 0:16:22.560 --> 0:16:25.080 you know you're blessed to earn money beyond that point, 0:16:25.120 --> 0:16:26.360 but like, what are you supposed to do with it? 0:16:26.400 --> 0:16:26.560 How? 0:16:26.800 --> 0:16:29.120 How is the best way to invest? And she's sort 0:16:29.160 --> 0:16:31.920 of had I mean, everyone's situation is different, but she 0:16:31.960 --> 0:16:33.960 started off by asking us our goals, which is one, 0:16:34.000 --> 0:16:36.280 we want to we want to save a down payment 0:16:36.320 --> 0:16:38.360 for a house. I guess in my mind, I've just 0:16:38.360 --> 0:16:40.400 been stockpiling, stockpiling, stockpiling. 0:16:40.440 --> 0:16:41.240 I live in New York. 0:16:41.080 --> 0:16:42.400 City, so I'm like, oh, I don't know how much 0:16:42.400 --> 0:16:44.040 it's going to be enough for house a million dollars. 0:16:44.080 --> 0:16:47.480 I guess I'll never stop saving. But that's not actually true. 0:16:47.960 --> 0:16:50.280 She, you know, crunched the numbers. We actually, you know, 0:16:50.760 --> 0:16:51.560 for our budget. 0:16:51.640 --> 0:16:53.880 We decided how much we actually needed to save for 0:16:53.920 --> 0:16:56.160 a down payment realistically, and then how much we have 0:16:56.280 --> 0:16:59.200 left over when we're going to want to use that 0:16:59.280 --> 0:17:02.360 down payment money, how much we actually want to budget 0:17:02.480 --> 0:17:07.359 for our annual vacationing and those larger expenses that we 0:17:07.480 --> 0:17:10.000 spent throughout the year. That was pretty much our only 0:17:10.040 --> 0:17:13.439 big or two big earmarks for savings, one for the 0:17:13.520 --> 0:17:15.880 retire sorry, one for a down payment on a house, 0:17:15.960 --> 0:17:20.000 and two for annual vacations and trips. Because we have, 0:17:20.280 --> 0:17:22.840 you know, vacations and also like seventy five weddings. 0:17:22.600 --> 0:17:23.240 To go to a year. 0:17:23.280 --> 0:17:27.960 Now outside of that, she's like, you really don't end 0:17:27.960 --> 0:17:30.439 your emergency fund, of course, which is you know, we 0:17:30.520 --> 0:17:34.920 have about six months of income. She suggests a six months. 0:17:34.920 --> 0:17:37.159 I like to keep twelve, but we're going back and 0:17:37.200 --> 0:17:41.000 forth on that. Maybe we'll settle on nine after that. 0:17:41.119 --> 0:17:44.359 So one is obviously emergency fund. Two the down payment 0:17:44.359 --> 0:17:46.240 for the house. Three the vacations. So once you have 0:17:46.359 --> 0:17:49.399 that set aside, she's like, now with this extra money. 0:17:49.800 --> 0:17:51.879 In my mind, I hadn't been letting myself see it 0:17:51.880 --> 0:17:54.399 as extra. I it'd sort of been, like I said, 0:17:54.760 --> 0:17:57.560 just tricking or like telling myself that I needed tosave 0:17:57.560 --> 0:17:59.200 all this money for the down payment when I don't 0:17:59.200 --> 0:18:02.480 really need to. He's like, okay, we're gonna start by 0:18:03.760 --> 0:18:06.800