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Transcript

EYL #80 The Budgetnista · Earn Your Leisure

• 0:00
  Speaker 1: Coach, the energy out there felt different. What changed for
• 0:03
  Speaker 1: the team today?
• 0:03
  Speaker 2: It was the new game day scratches from the California
• 0:06
  Speaker 2: Lottery players.
• 0:07
  Speaker 3: Everything.
• 0:07
  Speaker 4: Those games sent the team's energy through the roof.
• 0:09
  Speaker 1: Are you saying it was the off field play that
• 0:11
  Speaker 1: made the difference on the field.
• 0:13
  Speaker 4: Hey, little play makes your day, and today it made
• 0:15
  Speaker 4: the game. That's all for now, coach, one more question.
• 0:19
  Speaker 1: Play the new Los Angeles Chargers, San Francisco forty nine
• 0:21
  Speaker 1: Ers and Los Angeles Rams scratchers from the California Lottery.
• 0:25
  Speaker 1: A little play can make your day. Peace made responsibly.
• 0:28
  Speaker 1: Must be eighteen years or older to purchase late or claim.
• 0:30
  Speaker 5: All right, guys, welcome back another exciting episode EYL.
• 0:34
  Speaker 3: The Virtual Edition.
• 0:35
  Speaker 5: Virtual Edition. Yeah, so you know we're getting better.
• 0:38
  Speaker 3: Yeah.
• 0:39
  Speaker 5: Sure, this is our second virtual episode. So you know
• 0:41
  Speaker 5: we all worked out the kinks the first one.
• 0:43
  Speaker 4: Yeah.
• 0:44
  Speaker 3: Yeah, so now we're trying one. Yeah.
• 0:47
  Speaker 6: You know, when as it will as a way, we're
• 0:49
  Speaker 6: gonna get it done.
• 0:50
  Speaker 5: So, you know, as I said, we try to facilitate
• 0:52
  Speaker 5: people and topics that we get requested for, and you know,
• 0:57
  Speaker 5: this is definitely a topic that we have gotten requested
• 1:01
  Speaker 5: like a lot of times to cover like finance tip,
• 1:04
  Speaker 5: A lot of time to talk about like all kinds
• 1:06
  Speaker 5: of high level stuff. But it's important for everybody, not
• 1:10
  Speaker 5: just regular every day people. Everybody to have the fundamentals.
• 1:14
  Speaker 5: Like I used to play sports, and they and my coaches,
• 1:16
  Speaker 5: so as you say, like before you do trick shots
• 1:18
  Speaker 5: and before you do you gotta learn the fundamentals. So
• 1:22
  Speaker 5: our guest today is the fundamental Champion Crown, the Tiffany Aliche.
• 1:29
  Speaker 5: So she's better known as budget Nista on Instagram and
• 1:33
  Speaker 5: Facebook and all over the internet. So a real, a
• 1:36
  Speaker 5: real force of nature. She's been all over the place,
• 1:39
  Speaker 5: the real but more in America, I believe for black enterprise.
• 1:43
  Speaker 5: She has something that she's doing with own open network.
• 1:46
  Speaker 5: We just got finished talking about that.
• 1:48
  Speaker 3: Street Journal New York Times.
• 1:49
  Speaker 5: Yeah, she's she's she's a published author, she wrote several
• 1:53
  Speaker 5: books today, she has an own academy, she has an
• 1:56
  Speaker 5: extensive community on social media.
• 1:59
  Speaker 3: And she started that education preschool.
• 2:01
  Speaker 6: Yeah, we're gonna talk to that.
• 2:02
  Speaker 5: So yeah, so the budget needs to If you follow
• 2:05
  Speaker 5: her Instagram, you know she gives all kinds of tips
• 2:07
  Speaker 5: from retirement planning, to budgeting, to paying off debt to
• 2:12
  Speaker 5: just you know, practical tips, that financial tips, understanding credit,
• 2:15
  Speaker 5: understanding credit, all kinds of stuff. So yeah, you know
• 2:19
  Speaker 5: this is right up our alley as far Alisia. So
• 2:21
  Speaker 5: first and foremost, thank you, thank you for joining us.
• 2:23
  Speaker 6: Appreciate it, so.
• 2:24
  Speaker 4: Thank you for having me. This is dope. I listened
• 2:26
  Speaker 4: to y'all. Remember when Black and Parts did that article
• 2:28
  Speaker 4: on y'all. Al was like, let me.
• 2:29
  Speaker 6: Let me listen shout that was a minute ago. That
• 2:33
  Speaker 6: was that was crazy.
• 2:36
  Speaker 4: So I put it all in my rotations. I like
• 2:38
  Speaker 4: listening to the podcast and then I saw you have
• 2:40
  Speaker 4: my brother from another mother, Ash cast that.
• 2:42
  Speaker 3: Oh yeah, yeah, yeah, that's our guy.
• 2:44
  Speaker 6: We had him on two podcasts. We had him on
• 2:46
  Speaker 6: two podcasts.
• 2:47
  Speaker 5: He did a live podcast for us in DC and
• 2:49
  Speaker 5: then he did the Regular So shout out to Ash
• 2:51
  Speaker 5: cash Man.
• 2:52
  Speaker 6: He's a he's a good guy.
• 2:53
  Speaker 3: For university too. Yeah, he's a regular. He's a regular.
• 2:56
  Speaker 3: That's our brother.
• 2:57
  Speaker 4: Ye.
• 3:00
  Speaker 5: So so Tiffany, can we should I call you Tiffany
• 3:04
  Speaker 5: or budgonesa?
• 3:05
  Speaker 6: Which one do you prefer?
• 3:06
  Speaker 4: I mean, you call me whatever, but like you got
• 3:08
  Speaker 4: me budgetestas you know, that's the Brandon.
• 3:10
  Speaker 6: Sorry, call you whatever. Just don't call you broke.
• 3:11
  Speaker 3: That's a fact.
• 3:14
  Speaker 5: So so all right, Kim, you got a very interesting
• 3:17
  Speaker 5: backstory because I actually watched it on your on your
• 3:20
  Speaker 5: website and a lot of people that we bring on
• 3:22
  Speaker 5: the podcast are from humble beginnings or that financial literacy
• 3:26
  Speaker 5: was not taught to them. They're like first generation learning
• 3:28
  Speaker 5: about financial literacy. But you, you was actually interesting for
• 3:32
  Speaker 5: a few different reasons. A, you were a teacher like Troy,
• 3:35
  Speaker 5: you taught young kids preschool, I believe. But you said
• 3:38
  Speaker 5: your father actually instilled financial literacy and you at an
• 3:41
  Speaker 5: early age he was accounting in the CEOs And so
• 3:44
  Speaker 5: can you talk about that your journey from you know,
• 3:46
  Speaker 5: growing up in a household of financial literacy to becoming
• 3:50
  Speaker 5: an educator to now becoming an entrepreneur.
• 3:53
  Speaker 4: Yeah, so yeah, you had it write. My dad was
• 3:56
  Speaker 4: a CFO and an accountant, and he and my mom
• 4:00
  Speaker 4: both immigrated from Nigeria shout out Eboku and so they
• 4:09
  Speaker 4: so my dad was like really like kind of like
• 4:11
  Speaker 4: the academic when it came to financial education. So like
• 4:14
  Speaker 4: sit down to they let me show you how to budget,
• 4:17
  Speaker 4: Let me show you like how to He would like
• 4:19
  Speaker 4: do a budget like in his ledger book, you know,
• 4:22
  Speaker 4: let me show you how to use my calculator with
• 4:23
  Speaker 4: the paper coming out the back. And my mom was
• 4:26
  Speaker 4: more like real life application, like we go on food
• 4:30
  Speaker 4: shopping and we negotiating, we can you know. And so
• 4:36
  Speaker 4: so I'm one of five girls, so you know, we
• 4:37
  Speaker 4: have five kids, budgets a way.
• 4:40
  Speaker 3: Of life that's a lot extreme exactly.
• 4:45
  Speaker 4: So I just grew up, like we didn't shy away
• 4:48
  Speaker 4: from money talk in the house. So it was odd
• 4:50
  Speaker 4: to me when I got older and I was like,
• 4:52
  Speaker 4: y'all don't have Thursday night money class. What'sy'all been doing
• 4:54
  Speaker 4: on Thursday nights? You know? So it was odd to
• 4:58
  Speaker 4: me when I got older how people were so fearful
• 5:00
  Speaker 4: to talk about money because I didn't grow up with
• 5:03
  Speaker 4: this knee jerk reaction like we don't talk about money here,
• 5:06
  Speaker 4: or we don't share the ups and downs. Like I
• 5:09
  Speaker 4: can't remember one Christmas my dad, I think it was
• 5:12
  Speaker 4: like November December here. His his job was closing down,
• 5:16
  Speaker 4: and he was like, so for Christmas, you know, we
• 5:20
  Speaker 4: won't we won't have Christmas in December. Instead, we're going
• 5:24
  Speaker 4: to push it to the end of January, right, And
• 5:26
  Speaker 4: I was like, all right, So we put up the
• 5:28
  Speaker 4: tree like January twenty fifth, and it was like presents abound,
• 5:31
  Speaker 4: So there was He was really good and my parents
• 5:34
  Speaker 4: were really good at talking about money in a way
• 5:36
  Speaker 4: that was kid appropriate but not assigning negativity to it.
• 5:41
  Speaker 4: So it wasn't like it ain't gonna be no Christmas. We
• 5:42
  Speaker 4: ain't got it. It was like, so daddy's job closed
• 5:47
  Speaker 4: because they had a strike, So this is what's happening,
• 5:49
  Speaker 4: and then this is the immediate solution. So I was
• 5:51
  Speaker 4: kind of like, okay, So that was a way of life,
• 5:54
  Speaker 4: and when it wasn't until really I got to college
• 5:58
  Speaker 4: and my college roommate shout out to her. I won't
• 6:00
  Speaker 4: say your name, girl, because we're still Facebook friends, but
• 6:04
  Speaker 4: she was getting deck collectors call in the dorm room
• 6:06
  Speaker 4: and we thought it was hilarious because I mean, we're kids, dumb,
• 6:10
  Speaker 4: so they would call and we were like, we would
• 6:13
  Speaker 4: pretend different names and we were put on different voices,
• 6:15
  Speaker 4: and I thought it was hilarious. And I went home
• 6:17
  Speaker 4: telling my dad like, yo, so I just just has
• 6:20
  Speaker 4: deck collectors call in the room and he was like, yo,
• 6:22
  Speaker 4: that's serious, and I'm like it was like, y'all are
• 6:26
  Speaker 4: violent when you go back, tell her to say this, this, this,
• 6:29
  Speaker 4: and this, and I was like, okay, and so I did.
• 6:31
  Speaker 4: So it turned out that her mom, who was a
• 6:34
  Speaker 4: single mom and trying her best, had opened up credit
• 6:36
  Speaker 4: cards in her name. So I had never even heard
• 6:38
  Speaker 4: of that before. And so that was kind of like
• 6:41
  Speaker 4: the first time that I realized that, not that I
• 6:43
  Speaker 4: mean my parents, we didn't have a lot of money.
• 6:46
  Speaker 4: You can't have a lot of money with five kids
• 6:47
  Speaker 4: for the most part, So it wasn't mad we grew up.
• 6:51
  Speaker 4: I remember roaches and things, you know, when we was
• 6:54
  Speaker 4: real little, So it's not that we had a lot
• 6:56
  Speaker 4: of money, but there was a lot of knowledge, and
• 6:58
  Speaker 4: so I didn't realize that that was truly the difference.
• 7:01
  Speaker 4: And not that like I said, I didn't grow up
• 7:03
  Speaker 4: having a lot, but I grew up learning a lot
• 7:06
  Speaker 4: and I took that with me and after college. In college,
• 7:09
  Speaker 4: I didn't know what I wanted to do, so I
• 7:10
  Speaker 4: chose business randomly because I figured, I guess I could
• 7:12
  Speaker 4: get a job with that, but I really fell in
• 7:15
  Speaker 4: love with teaching on campus. To make extra money, I
• 7:17
  Speaker 4: started working as a childcare center and I was like, oh,
• 7:19
  Speaker 4: I like this, this is fun. I could be wild
• 7:21
  Speaker 4: that could be my crazy self. Like if you know me,
• 7:22
  Speaker 4: I'm like a little on wild side. And I'm like,
• 7:25
  Speaker 4: because all of my internships were so boring and I'm everything,
• 7:29
  Speaker 4: I'm gonna die here in corporate America. They're not gonna
• 7:32
  Speaker 4: have me. I was so dramatic. They not gonna take
• 7:34
  Speaker 4: my soul. So I was like, Okay. After graduation, it
• 7:39
  Speaker 4: was like one year away when I realized I didn't
• 7:40
  Speaker 4: want to work in corporate America, and so I decided
• 7:44
  Speaker 4: and instead I'm going to be a teacher. So I
• 7:45
  Speaker 4: went back and got my certification. And in the meantime,
• 7:48
  Speaker 4: I said, well, back then, you could do this. I
• 7:50
  Speaker 4: don't think you could do it now, but you could
• 7:52
  Speaker 4: teach preschool with a college degree. You didn't have to
• 7:54
  Speaker 4: be certified. I believe now you have to have certification.
• 7:57
  Speaker 4: So I said, okay, it's nine months for certifiction. I'll
• 8:00
  Speaker 4: teach older grades after that, but in the meantime, I'll
• 8:03
  Speaker 4: teach preschool. But I ended up falling in love with
• 8:06
  Speaker 4: that age and I stayed there for ten years and
• 8:09
  Speaker 4: I loved it, and I wasn't making much. I remember
• 8:12
  Speaker 4: my corporate internship job after graduating and offered me fifty
• 8:16
  Speaker 4: thousand dollars a year, and the teaching job offered me
• 8:21
  Speaker 4: thirty nine thousand. And that's when I realized the importance
• 8:25
  Speaker 4: of financial education because I was like, I could take
• 8:27
  Speaker 4: the fifty and hate my life, or I could take
• 8:30
  Speaker 4: the thirty nine and love my life but not make
• 8:34
  Speaker 4: as much. So I took the thirty nine and I
• 8:36
  Speaker 4: freaked it andd it.
• 8:38
  Speaker 3: I like that. I liked that.
• 8:41
  Speaker 4: In two years, I saved forty thousand dollars. I bought
• 8:44
  Speaker 4: a condo. I bought my car in cash. I had
• 8:46
  Speaker 4: like this little Putt Putt twenty nineteen Nissan Ultima, but
• 8:51
  Speaker 4: it was paid off in cash. So I had forty
• 8:54
  Speaker 4: thousand dollars. Say I bought a condo, I had my
• 8:56
  Speaker 4: master's I was honestly I had money. Say that was
• 8:59
  Speaker 4: maxim out my retirement account and was doing all the
• 9:02
  Speaker 4: right things so much so I decided, Okay, it's time
• 9:05
  Speaker 4: for me to start investing for wealth, not just retirement.
• 9:08
  Speaker 4: So this is back in the day when I used
• 9:10
  Speaker 4: to believe that if you look like you have money,
• 9:12
  Speaker 4: you have money. So one of my friends, i'll call him,
• 9:17
  Speaker 4: I call him Jacob Defet. His name is not Jacob,
• 9:19
  Speaker 4: but he's in jail now, so m hmm. So he
• 9:23
  Speaker 4: was my I thought he was my boy, and I thought, yo,
• 9:25
  Speaker 4: Jacob got money, lay pol I member. He had a
• 9:29
  Speaker 4: penthouse in New York, I mean dressed tailored down. And
• 9:34
  Speaker 4: I was like, yo, Jacob, you clearly have money. Teach
• 9:35
  Speaker 4: me how to invest. And he was like, okay, you
• 9:37
  Speaker 4: look like a sucker, I mean an investor. And so
• 9:41
  Speaker 4: he was like, you know, the best way to invest
• 9:42
  Speaker 4: is other people's money. Do you have credit cards? I
• 9:45
  Speaker 4: was like one, but they don't really have much of
• 9:47
  Speaker 4: a balance because my dad would out a balance a limit.
• 9:49
  Speaker 4: My dad had already taught me that you pay off
• 9:51
  Speaker 4: your credit cards every month in fall. So I had one,
• 9:54
  Speaker 4: and so he was like, nai, yo, you got a
• 9:55
  Speaker 4: good credit, open up like three of them joys. Okay,
• 9:59
  Speaker 4: opened them up and I had like high limits, five thousand,
• 10:02
  Speaker 4: ten thousand. He's like, take that money off, we go
• 10:04
  Speaker 4: on best with that money. I all that money. I
• 10:10
  Speaker 4: gave it to Jacob, the damn thief, and he was gone.
• 10:14
  Speaker 4: And here I was with thirty five thousand dollars in
• 10:16
  Speaker 4: credit card debt, like overnight, and I just remember being
• 10:19
  Speaker 4: like wait what And I was hot and then I
• 10:25
  Speaker 4: remember I was like, nio, I'm gonna get the boys
• 10:26
  Speaker 4: on Jacob. Like so I was searching for Jacob. And
• 10:30
  Speaker 4: then the recession hit, and all of a sudden, in
• 10:32
  Speaker 4: my school where I worked, they were like, yeah, so
• 10:35
  Speaker 4: new school year, it's not happening, so you know, good
• 10:38
  Speaker 4: luck to you. I was like, so wait, now our
• 10:39
  Speaker 4: old thirty five thousand dollars in debt. I had just
• 10:42
  Speaker 4: got my master so now I also had a fifty
• 10:44
  Speaker 4: plus thousand dollars like master's degree from Seaton Hall University
• 10:48
  Speaker 4: that had to pay off. I have a mortgage, credit
• 10:50
  Speaker 4: card debt for the first time, and no job. All
• 10:52
  Speaker 4: of a sudden, it was like really bad. And I
• 10:55
  Speaker 4: went from all of a sudden being Tiffany who was
• 10:57
  Speaker 4: so good with my money, to Tiffany who's broke. And
• 11:01
  Speaker 4: it was hard to like dig my way out. And
• 11:03
  Speaker 4: it took me a while to kind of forgive myself
• 11:05
  Speaker 4: for the mistakes because I blamed Like, I mean, it's
• 11:08
  Speaker 4: one thing to take responsibility, it's another thing to blame yourself.
• 11:12
  Speaker 4: So I told myself, you have to take responsibility, but
• 11:15
  Speaker 4: you have to you got to get tired of kicking
• 11:17
  Speaker 4: yourself while you're down, girl, Like, okay, we get it.
• 11:19
  Speaker 4: You ain't cant nobody you know, you made a mistake.
• 11:22
  Speaker 4: You were in your early twenties. These things happened. So
• 11:25
  Speaker 4: I leaned on what I knew. I knew how to budget,
• 11:27
  Speaker 4: I knew how to save, I knew how to like
• 11:29
  Speaker 4: the fundamentals that had learned at home. I leaned on that.
• 11:32
  Speaker 4: And it was the recession, the two thousand and eight
• 11:34
  Speaker 4: two thousand and nine procession. I moved back home with
• 11:36
  Speaker 4: my parents. I was twenty nine going on thirty, sleeping
• 11:39
  Speaker 4: in my sh medium middle school bed, like yo, this
• 11:42
  Speaker 4: can't be life. But it was. And from there I
• 11:45
  Speaker 4: started to just like build myself back up, and people
• 11:47
  Speaker 4: started asking me like yo, because they had already known
• 11:49
  Speaker 4: me before. I used to help my family and friends
• 11:51
  Speaker 4: with their budgets and things like that, and I used
• 11:53
  Speaker 4: to volunteer doing so, like I would help the parents
• 11:56
  Speaker 4: of my preschoolers with their finances, but just like something,
• 11:59
  Speaker 4: you know, light work. But I realized that during a recession,
• 12:03
  Speaker 4: people needed that assistance, and so I'm like friends would
• 12:06
  Speaker 4: ask and friends of friends and friends of friends of friends,
• 12:08
  Speaker 4: and then Finally, my best friend was like, you should,
• 12:10
  Speaker 4: you should start charging and I'm like, can you do that?
• 12:13
  Speaker 4: And my baby sister gave me the name Budgetisa because
• 12:15
  Speaker 4: she was being shady. She said, oh, you know the fashionista.
• 12:18
  Speaker 4: I said, yeah, she said, that's not you. I was like,
• 12:23
  Speaker 4: you know what, I like it, so Budgetisa. It was
• 12:27
  Speaker 4: who's laughing now, Lisa? So yeah, So I started the
• 12:31
  Speaker 4: Budgetnisa and it was started off as one on ones
• 12:34
  Speaker 4: and then I started partnering with organizations like the United
• 12:37
  Speaker 4: Way Boys and Girls Club, and then I started working, like,
• 12:41
  Speaker 4: you know, speaking at colleges and then Prudential. Before I
• 12:44
  Speaker 4: knew it, social media started to be less about what
• 12:48
  Speaker 4: you ate for dinner and lunch, and more and more
• 12:50
  Speaker 4: people businesses started to come online, and so I started
• 12:53
  Speaker 4: to lean in to like using online to grow my business,
• 12:57
  Speaker 4: and the Budgetnisa was booming. It actually does really well.
• 13:02
  Speaker 4: I realized that this financial education space does really well
• 13:05
  Speaker 4: during recessions, and so yeah, it was booming, and it
• 13:09
  Speaker 4: really I'm grateful for those hot hard times because it
• 13:11
  Speaker 4: also humbled me and it taught me what people were
• 13:15
  Speaker 4: really feeling when they were messing up financially. Because I
• 13:17
  Speaker 4: didn't get that before because I had been financially perfect
• 13:20
  Speaker 4: up until like my mid twenties, and once I went
• 13:23
  Speaker 4: through financial hard times, when someone tells me I lost
• 13:26
  Speaker 4: my house to foreclosure, I'm like, I know what that
• 13:28
  Speaker 4: feels like because I've been there, Or like, yo, I
• 13:30
  Speaker 4: don't have enough money for groceries. I'm like, I know
• 13:32
  Speaker 4: what that feels like. And so I'm glad for those
• 13:35
  Speaker 4: times because it allows me to truly be of service
• 13:37
  Speaker 4: and to serve from a place of empathy, not just sympathy.
• 13:42
  Speaker 3: A lot of game.
• 13:43
  Speaker 7: First of all, Happy Teacher Appreciation Week. Once a teacher,
• 13:46
  Speaker 7: always a teacher. I want to go back to what
• 13:48
  Speaker 7: you said about investing for wealth versus investing for retirement.
• 13:52
  Speaker 7: Especially with my colleagues in the field of education, all
• 13:55
  Speaker 7: they think about is retirement.
• 13:55
  Speaker 3: They don't really think about long time wealth.
• 13:57
  Speaker 7: How'd you get people in that mindset, especially around you
• 14:00
  Speaker 7: at that time.
• 14:01
  Speaker 4: To start well? And during the recession, everybody wide open,
• 14:05
  Speaker 4: everybody because it's like struggle time. So everyone's like, I
• 14:08
  Speaker 4: need help, I need help, I need help. And they
• 14:10
  Speaker 4: realized that some of the everyone's not broke because of COVID,
• 14:15
  Speaker 4: A lot of folks know that they struggling because of
• 14:18
  Speaker 4: things before COVID, That COVID was really like a magnifying
• 14:21
  Speaker 4: glass on Yeah, you you know, you was already here.
• 14:25
  Speaker 4: Cis like you, you know, your bank account was already
• 14:28
  Speaker 4: on love Love, And so it wasn't hard to get
• 14:30
  Speaker 4: people in the mindset because people were really open. Like honestly,
• 14:34
  Speaker 4: it was just like, hey, who does help with budgeting?
• 14:36
  Speaker 4: I do, because if you can't beat your kids and
• 14:38
  Speaker 4: you can't pay your bills, you're ready to learn, you know.
• 14:41
  Speaker 4: So that part was honestly easy. It's hard. It's hard
• 14:43
  Speaker 4: doing great times to get people to get on board
• 14:46
  Speaker 4: because before two thousand and eight financial crash, nobody wanted
• 14:51
  Speaker 4: to hear me talk about budgeting and living. Simply none
• 14:54
  Speaker 4: of my friends cared. But like you know, when you
• 14:56
  Speaker 4: lose your job and there's no money in the savings
• 14:58
  Speaker 4: account and the checking account, you know, people were open.
• 15:00
  Speaker 4: So that's that's really what it was. It was the
• 15:02
  Speaker 4: times like it was. It was like there was like
• 15:05
  Speaker 4: a crack in the matrix and I slipped in. It
• 15:07
  Speaker 4: was perfect timing for what I was bringing to the table.
• 15:10
  Speaker 4: It was things that I had already said already, like
• 15:12
  Speaker 4: even now like our business. You know, we had the
• 15:14
  Speaker 4: best April ever, like the best month ever, ever, ever
• 15:18
  Speaker 4: in ten years of business. And it's because people are
• 15:21
  Speaker 4: open right now, because we're in what looks like to
• 15:24
  Speaker 4: be the start of a recession.
• 15:26
  Speaker 5: So let me ask you this. You was making thirty
• 15:29
  Speaker 5: nine thousand dollars a year and in two years you
• 15:32
  Speaker 5: said you saved forty thousand and you maxed out your
• 15:36
  Speaker 5: full your retirement plan. How is that possible? Because like, yeah,
• 15:41
  Speaker 5: how is that even possible?
• 15:43
  Speaker 4: Well, see, one of the things I did was it's
• 15:45
  Speaker 4: the before, the before. So what most people do they
• 15:48
  Speaker 4: graduate college, They're like, yo, I got to stun maybe
• 15:50
  Speaker 4: a core and I was like, I need a car too.
• 15:53
  Speaker 4: But what I'm not going to do is get the
• 15:55
  Speaker 4: twenty thousand dollars car with the car Nome. Instead, I stayed.
• 15:59
  Speaker 4: I stayed home my first year after graduating in college
• 16:02
  Speaker 4: because even though living with Nigerian parents, I know, joke,
• 16:05
  Speaker 4: because it's still like, why are you going It's to midnights.
• 16:07
  Speaker 4: I'm like, it's hey, what are you doing in these streets?
• 16:11
  Speaker 4: In the streets but so so, but I was like,
• 16:15
  Speaker 4: I'm willing to take the short term l for the
• 16:18
  Speaker 4: long term, w tweeted at the Buchanista. So, so that's
• 16:23
  Speaker 4: what I did. I stayed home for a year, and
• 16:25
  Speaker 4: I remember at the time, I didn't even I wasn't
• 16:27
  Speaker 4: even making the thirty nine thousand. I was making I
• 16:29
  Speaker 4: think fourteen dollars an hour. But I knew one thing.
• 16:31
  Speaker 4: I had pay rent and I didn't have a car
• 16:33
  Speaker 4: at the time, but I wanted to save up, so
• 16:35
  Speaker 4: I was making h I want to say I probably
• 16:38
  Speaker 4: was making like maybe like two thousand dollars a month
• 16:42
  Speaker 4: or something like that, or maybe not even maybe like
• 16:45
  Speaker 4: fourteen or fifteen hundred dollars a month, but I was
• 16:47
  Speaker 4: saving about nine hundred dollars a month when I stayed
• 16:51
  Speaker 4: home that first year out of college. That's ad a mistake.
• 16:53
  Speaker 4: I know everybody doesn't have this opportunity, but I'm sharing
• 16:55
  Speaker 4: because people always get mad like I can't do that.
• 16:57
  Speaker 4: Since you ask me my story. So I stayed home
• 17:02
  Speaker 4: because I was able and my parents said, you don't
• 17:04
  Speaker 4: have to pay rent. I used to ride my bike
• 17:06
  Speaker 4: to go teach at the local daycare center. It was
• 17:08
  Speaker 4: in Plainfield, New Jersey, and I was making, like I said,
• 17:12
  Speaker 4: fourteen or fifteen dollars an hour, making like I think
• 17:14
  Speaker 4: sixteen hundred dollars a month. Save saved that nine hundred
• 17:18
  Speaker 4: dollars a month, and at the end of the year,
• 17:20
  Speaker 4: I had like ten thousand, eight hundred. So with that
• 17:23
  Speaker 4: ten thousand, eight hundred, I told my dad, Okay, I
• 17:26
  Speaker 4: want to get a car. He was like, well, lesson, adult,
• 17:29
  Speaker 4: lesson number one, do not get a new car. It's
• 17:30
  Speaker 4: a waste of money. They'd depreciate. It's a losing investment.
• 17:33
  Speaker 4: It's not an investment. It's a liability means liabilities well
• 17:37
  Speaker 4: y'all know, but just audience ability to take money out
• 17:40
  Speaker 4: your pocket.
• 17:40
  Speaker 3: Right, Yeah, I've heard that's loan before.
• 17:45
  Speaker 4: But he was like, but I'm gonna take you to
• 17:47
  Speaker 4: my guy. You know everybody got a guy. I'm to
• 17:49
  Speaker 4: take you to my guy. He will take you to
• 17:50
  Speaker 4: the auction. And so he took me to his friend
• 17:53
  Speaker 4: who's a dealer, a car dealer, and took me to
• 17:56
  Speaker 4: the auction. And I was like that one nine and
• 17:58
  Speaker 4: I told you to ninety ultimonth it was five thousand,
• 18:03
  Speaker 4: five hundred. My dad said, okay, that's what you want.
• 18:06
  Speaker 4: So for my ten thousand, nine hundred, I put down
• 18:09
  Speaker 4: I bought it for five thousand, five hundred. So one,
• 18:12
  Speaker 4: now I have no car note, but I do have
• 18:14
  Speaker 4: a car. Two, My insurance was super low because when
• 18:18
  Speaker 4: you own the car out right, your insurance is new.
• 18:21
  Speaker 4: So I remember my insurance being like fifty two dollars
• 18:23
  Speaker 4: a month. So if you compare someone else's life, they
• 18:27
  Speaker 4: have a car, they have insurance, but that's costing them,
• 18:29
  Speaker 4: say three hundred dollars a month. I have a car.
• 18:31
  Speaker 4: I have insurance, but it's costing me fifty two bucks
• 18:34
  Speaker 4: a month. So I was like, all right, now we
• 18:36
  Speaker 4: cooking with grease. Now. It was like when I was
• 18:38
  Speaker 4: able to get the job teaching right and making thirty
• 18:42
  Speaker 4: nine thousand, I still had that car, and I was like, okay,
• 18:45
  Speaker 4: now I'm ready to move out. But one thing I
• 18:47
  Speaker 4: knew was yes, is it dope to have my own
• 18:49
  Speaker 4: fly apartment? Yes, but you know it's even better paying
• 18:52
  Speaker 4: low rent. So I asked my sister. I was twenty
• 18:54
  Speaker 4: three and she was twenty five. I said, you're ready
• 18:56
  Speaker 4: to blow this joints. He says, sure am, So we
• 18:58
  Speaker 4: got an apartment together. It took me like I was
• 19:02
  Speaker 4: in charge for looking at the department because she knew
• 19:04
  Speaker 4: I was cheap, so it took me like six months
• 19:07
  Speaker 4: of looking everywhere. We found this apartment. It was actually
• 19:10
  Speaker 4: next to a daycare center. The woman who owned it,
• 19:12
  Speaker 4: she was like, look y'all look like nice, wholesome girls,
• 19:16
  Speaker 4: and it's next to my business, this daycare center. So
• 19:19
  Speaker 4: I don't want no partying, no this, no that. So
• 19:21
  Speaker 4: as a result of that, I'm gonna keep the rent
• 19:22
  Speaker 4: low and reasonable. It was eleven hundred dollars a month.
• 19:25
  Speaker 4: It included the utilities because the daycare center and the
• 19:28
  Speaker 4: house that we were renting were connected, so the daycare
• 19:31
  Speaker 4: center paid the utilities. I was like, but you ain't
• 19:33
  Speaker 4: got to worry about us being crazy, And so eleven
• 19:36
  Speaker 4: hundred dollars a month, divided by two, it's five point fifty.
• 19:39
  Speaker 4: So now my other friend has an apartment twelve hundred
• 19:42
  Speaker 4: dollars a month, and a car and a insurance three
• 19:45
  Speaker 4: hundred dollars a month, her life is costing her fifteen hundred.
• 19:48
  Speaker 4: I have an apartment five to fifty a month, and
• 19:52
  Speaker 4: I have insurance fifty bucks a month, So my life
• 19:55
  Speaker 4: has cost me six hundred dollars to her fifteen hundred.
• 19:59
  Speaker 4: Duc So I learned that their thing. You can get
• 20:02
  Speaker 4: the thing that you want, is there a way to
• 20:04
  Speaker 4: get it at a discount? So I was living the
• 20:06
  Speaker 4: same life as the rest of my twenty something your
• 20:08
  Speaker 4: old friends. But I was patient waiting for the discount.
• 20:11
  Speaker 4: Like I didn't finance any of the furniture, Like I
• 20:13
  Speaker 4: was sleeping on an air mattress until I had enough
• 20:14
  Speaker 4: money to save and to get the like bedroom set
• 20:19
  Speaker 4: that I wanted. And even then I knew, you know,
• 20:22
  Speaker 4: you really can't negotiate at Macy's. I was like, you know,
• 20:24
  Speaker 4: Sylvia Leice, my mom taught me when we were kids,
• 20:26
  Speaker 4: had to negotiate. So I went to the mom and
• 20:28
  Speaker 4: pop shop, was like, ooh, that actually furniture real cute
• 20:32
  Speaker 4: and it's been sitting in the window for a long time,
• 20:35
  Speaker 4: mister Lou, how about you sell it to me for now? Okay?
• 20:38
  Speaker 4: Every week I used to come in like it's still here.
• 20:40
  Speaker 4: You're not gonna get no new merchandise till you move
• 20:42
  Speaker 4: this furniture. Oh my god. After three weeks, mister Lou
• 20:45
  Speaker 4: sold it to me for like, you know, like a
• 20:47
  Speaker 4: thirty percent discount. So I had my account set, my bedset,
• 20:50
  Speaker 4: and I paid for a cash and so I was
• 20:52
  Speaker 4: always really good at doing that, saying I want the
• 20:54
  Speaker 4: same things as my counterparts. How do I get the
• 20:56
  Speaker 4: same things as my counterparts, but at a price that
• 20:59
  Speaker 4: makes so the reason why most people can't afford their
• 21:02
  Speaker 4: life is that they financed everything. They financed their computer,
• 21:05
  Speaker 4: They have a blender bill, a refrigerator, build a light,
• 21:09
  Speaker 4: that every little lead that they want. Even if you're like, oh,
• 21:11
  Speaker 4: I don't have a blender bill. Did you use your
• 21:12
  Speaker 4: credit card to buy that blender? Well, then since you
• 21:14
  Speaker 4: got a blender bill. And so I learned that if
• 21:17
  Speaker 4: I wanted something, to wait, to save and to get it,
• 21:20
  Speaker 4: so I didn't add any additional monthly expenses. That's how
• 21:23
  Speaker 4: I was able to save so much because I was
• 21:25
  Speaker 4: living off half my income because everything I had I
• 21:27
  Speaker 4: had paid for in full. So I really didn't have
• 21:30
  Speaker 4: that many reoccurring bills. That's the key, and to be
• 21:33
  Speaker 4: able to save a significant amount of money is to
• 21:35
  Speaker 4: not have reoccurring bills, or not to have as many
• 21:38
  Speaker 4: reoccurring bills.
• 21:40
  Speaker 5: Well, you know what, I gotta be honest, I was
• 21:42
  Speaker 5: a little skeptical because I was thinking to myself, like,
• 21:45
  Speaker 5: if you make thirty nine thousand after taxes, you're making
• 21:48
  Speaker 5: like twenty five thousand, but you broke it down and yeah,
• 21:54
  Speaker 5: I guess anything is possible.
• 21:57
  Speaker 7: I was so waiting for you to tell us that
• 21:58
  Speaker 7: you were on your noodle budget, and I was like
• 22:00
  Speaker 7: a hair cuts, it's a noodle budget.
• 22:02
  Speaker 3: But now you got another way to get it done.
• 22:04
  Speaker 4: Yeah, well your noodle budget is this and everyone. I
• 22:06
  Speaker 4: mean when I was, you know, unemployed and after teaching
• 22:11
  Speaker 4: and lost my job, I did drop down to get
• 22:12
  Speaker 4: my noodle on right. So people ask me, like, you know,
• 22:15
  Speaker 4: what's the noodle budget? It's really just what is your
• 22:18
  Speaker 4: if you had to eat ramen noodles, meaning if you
• 22:20
  Speaker 4: had to live your cheapest, least expensive life, no bells,
• 22:23
  Speaker 4: no whistles, what is that budget? So first you have
• 22:26
  Speaker 4: to know what your regular budget is. Maybe it's three
• 22:28
  Speaker 4: thousand dollars a month. That's rant, that's the kids, that's
• 22:31
  Speaker 4: carnal whatever, right, that's going now, that's haircuts. And then
• 22:35
  Speaker 4: your noodle budget. Let's just say it's twenty five hundred
• 22:37
  Speaker 4: bucks a month. Because you cut your own hair, you
• 22:39
  Speaker 4: don't go out. And I don't suggest that people live
• 22:42
  Speaker 4: at their noodle budget unnecessarily that's over sacrificed for what.
• 22:45
  Speaker 4: But you should know what it is, because if you
• 22:47
  Speaker 4: lose your job instantly, you want to turn around and
• 22:50
  Speaker 4: drop down and get your noodle on, like like why
• 22:53
  Speaker 4: do you still have cable running? And they threaten you
• 22:56
  Speaker 4: a foreclosure like turn off the TV? Says right, So
• 23:00
  Speaker 4: I would say sis because like most of my women
• 23:02
  Speaker 4: that found me are my dream catches are women, right,
• 23:04
  Speaker 4: So it doesn't make sense we don't pivot fast enough.
• 23:07
  Speaker 4: You lost your job. First, people you should be calling
• 23:09
  Speaker 4: are those extra you know, those extra bills that she
• 23:12
  Speaker 4: don't need to pay anymore. It's not forever. You will
• 23:14
  Speaker 4: eventually watch TV again, I promise you, you know. But
• 23:17
  Speaker 4: it's like we don't pivot fast enough. I call it
• 23:19
  Speaker 4: the lady in the fur cove so Bergen County. I
• 23:21
  Speaker 4: live in Newark and during the last recession I was
• 23:25
  Speaker 4: in Bergen County. I was getting gas and this lady
• 23:28
  Speaker 4: had like this fur curd on and like a range
• 23:30
  Speaker 4: rolle where you could tell that you know, this woman
• 23:32
  Speaker 4: had bank at one point. So I'm looking because I'm nosy,
• 23:35
  Speaker 4: I'm looking at her the amount of money on her
• 23:37
  Speaker 4: gas like whatever, like on the gas tank where it
• 23:41
  Speaker 4: says like how much she owes It was like twenty
• 23:42
  Speaker 4: five dollars, right, and so in Jersey we don't pump
• 23:44
  Speaker 4: our own gas. So she gave the do her car.
• 23:46
  Speaker 4: He swipes it and it's like nah, gives it back
• 23:49
  Speaker 4: to her, you know, and she gives him another one,
• 23:51
  Speaker 4: another one. But it was the height of the recession,
• 23:53
  Speaker 4: probably two thousand and nine, and what it was like
• 23:55
  Speaker 4: clear to me was that this is someone who had money,
• 23:59
  Speaker 4: but maybe she had it all wrapped up in investments
• 24:01
  Speaker 4: and that had dropped. She had not pivoted. She was
• 24:04
  Speaker 4: still living at that old like. You see how I
• 24:07
  Speaker 4: gave her a whole backstory. I don't know that lady business,
• 24:09
  Speaker 4: but this is why I had told myself. I was like, ooh,
• 24:11
  Speaker 4: she clearly had money, but she don't have no money
• 24:13
  Speaker 4: no more. She's still all your stunton in her rain drover. Right.
• 24:17
  Speaker 4: But everyone does that. Everyone we do that. We all
• 24:20
  Speaker 4: do that like if your cable is still on and
• 24:22
  Speaker 4: you can't afford your rent, if you're still buying clothes
• 24:26
  Speaker 4: and you're late on your credit card bill. You see,
• 24:29
  Speaker 4: like we all are the lady with the fur coat on.
• 24:31
  Speaker 4: It's just a two different levels. So just keda life,
• 24:34
  Speaker 4: were keda to a strong financial life. It's just living
• 24:37
  Speaker 4: below your means. I mean, I nobody know, nobody wants
• 24:39
  Speaker 4: to do that. My dad would say, you have to
• 24:41
  Speaker 4: cut your coat according to your size, right, everybody want
• 24:43
  Speaker 4: to squeeze into a small now you know you're a
• 24:45
  Speaker 4: medium home like, it's not living less of a life.
• 24:49
  Speaker 4: It's living within the life that your money provides for you.
• 24:52
  Speaker 4: There's nothing wrong with that. You can't grow wealth living
• 24:54
  Speaker 4: an outsized life.
• 24:56
  Speaker 5: It's levels, it's levels, and you gotta understand what level
• 24:59
  Speaker 5: you're over. Humbling experience sometimes, but it is what it is.
• 25:03
  Speaker 5: Dream catches not dream chases.
• 25:06
  Speaker 4: Languaging is important a fact Crystal and Theory would say.
• 25:13
  Speaker 5: Things, Yeah, actual wage act accordingly. So in the next
• 25:18
  Speaker 5: on the next segment, we're gonna we're gonna get into
• 25:20
  Speaker 5: the meat and potatoes of all of the financial tips
• 25:23
  Speaker 5: that everybody always tunes in the Alesia for and give
• 25:25
  Speaker 5: out some free game. All right, So in this segment,
• 25:28
  Speaker 5: we want to start off with where we left off
• 25:30
  Speaker 5: of budgeting and budgeting. I think it's budgeting is extremely
• 25:32
  Speaker 5: underrated when it comes to financial planning for individuals. I
• 25:35
  Speaker 5: always say, like, if you look at a corporation, budgeting
• 25:39
  Speaker 5: is like the major thing that they do. Like you,
• 25:40
  Speaker 5: I mean, like Apple knows every dollar that comes in
• 25:43
  Speaker 5: and comes out, Like they pay accountants millions of dollars.
• 25:46
  Speaker 5: They have a whole team of accountant to keep track
• 25:48
  Speaker 5: of the books. And budgeting is like that's everything. Budgeting
• 25:51
  Speaker 5: is everything. But it's like most entrepreneurs and most regular
• 25:54
  Speaker 5: people that just have jobs have no idea of the budget,
• 25:58
  Speaker 5: Like they don't have any idea of how much money
• 25:59
  Speaker 5: come and they have no idea how much money goes out.
• 26:02
  Speaker 5: They're just winging it and just you know, spending money
• 26:05
  Speaker 5: whenever you know they need to, and the money comes
• 26:08
  Speaker 5: in and it just goes into their bank. And that's
• 26:10
  Speaker 5: kind of like how most people run not only their business,
• 26:12
  Speaker 5: but their life. So budgeting, budgeting one oh one right
• 26:16
  Speaker 5: for somebody that has never budgeted before, but they first
• 26:20
  Speaker 5: and foremost why why is budgeting essential? And then we'll
• 26:24
  Speaker 5: go into like some different hacks that can help people
• 26:26
  Speaker 5: to get better with budgeting.
• 26:28
  Speaker 4: So budgeting is essential because it is a physical picture
• 26:32
  Speaker 4: of what your money is doing. Right, So if you
• 26:36
  Speaker 4: have kids and you're in the other room and your
• 26:38
  Speaker 4: two year old is quiet. You're like, wait, what the
• 26:41
  Speaker 4: hell are they breaking? Because you know they they're cutting up,
• 26:44
  Speaker 4: putting a you know, putting a knife up in the
• 26:46
  Speaker 4: socket whatever, you know. And so it's the same thing
• 26:49
  Speaker 4: with your money. Like you you have to be on
• 26:52
  Speaker 4: top of your money. I would say, like, your money's
• 26:53
  Speaker 4: like a bad two year old, Like, if you leave
• 26:55
  Speaker 4: it to its own devices, it's gonna be breaking shit
• 26:58
  Speaker 4: that I can curse. Yeah, right, So you want to
• 27:02
  Speaker 4: be on it when it comes to your money and
• 27:05
  Speaker 4: be present. You are the adult. You decide what your
• 27:08
  Speaker 4: money does. And so that's what a budget allows you
• 27:10
  Speaker 4: to do. And it allows you to be the adult
• 27:12
  Speaker 4: of your life. So it's important. You know, I don't
• 27:15
  Speaker 4: care how much money you make, you can outspend like
• 27:19
  Speaker 4: great wealth. There are people who have been millionaires and
• 27:22
  Speaker 4: even billionaires and have been less penniless. So I think
• 27:25
  Speaker 4: sometimes people think like, well, if I had ten million dollars,
• 27:28
  Speaker 4: was like a mc hammer. Okay from some of y'all,
• 27:31
  Speaker 4: you're like, who's that? Okay, Tody Braxton, right, Alan Iverson.
• 27:35
  Speaker 4: So many people have outspent their wealth. It is more
• 27:39
  Speaker 4: than possible.
• 27:40
  Speaker 5: So what kind of all right, so what are the
• 27:43
  Speaker 5: different strategies for budgeting?
• 27:44
  Speaker 6: Right?
• 27:44
  Speaker 5: Like, it's someone Okay, I realize the budgeting is important.
• 27:47
  Speaker 5: I want to do it, So how do I go
• 27:48
  Speaker 5: about it? Is it spreadsheet software? Like is there formulas
• 27:53
  Speaker 5: that you should use? Because some people say, like your
• 27:54
  Speaker 5: housing should only be like twenty or thirty percent of
• 27:57
  Speaker 5: your total budget. So yeah's your what's your philosophy as
• 28:00
  Speaker 5: far as like the one on one the person realizes
• 28:03
  Speaker 5: they need to budget now they actually want to start
• 28:05
  Speaker 5: a budget.
• 28:06
  Speaker 4: So let's just start super super easy, because I mean, yes,
• 28:08
  Speaker 4: I use this spricy all that stuff, but most people
• 28:10
  Speaker 4: are not gonna do that to start. It's the difference
• 28:12
  Speaker 4: between I want to lose some weight and so tomorrow
• 28:14
  Speaker 4: you're like you're gonna run you know, ten miles. You're
• 28:16
  Speaker 4: not gonna run ten mouse You might the first day,
• 28:18
  Speaker 4: and then the second day you're gonna go back to
• 28:20
  Speaker 4: the couch. So I want you to start off walking.
• 28:23
  Speaker 4: So for someone who's like I don't budget, I never
• 28:26
  Speaker 4: took to a budget. First things first is start with
• 28:29
  Speaker 4: having separate bank accounts. Right, So I believe in having
• 28:34
  Speaker 4: a bill's account to pay your bills and having a
• 28:37
  Speaker 4: spend account to spend from your bills account should not
• 28:40
  Speaker 4: have a debit card attached to it. That's a debit
• 28:43
  Speaker 4: card is a choice. I don't think people realize that
• 28:44
  Speaker 4: the bank issues you a debit card. But you could
• 28:46
  Speaker 4: be like, nah, I'm good, So my bill's account does
• 28:49
  Speaker 4: not have a debit card my spend account. It's both.
• 28:51
  Speaker 4: These are checking accounts that the same bank has a
• 28:54
  Speaker 4: debit card. And then you want to least one safet
• 28:56
  Speaker 4: account not at that bank, So you want at least
• 28:58
  Speaker 4: one safet account at an online only bank. And so
• 29:01
  Speaker 4: what it looks like is that your money comes in.
• 29:04
  Speaker 4: Some of it goes into your your I like to
• 29:07
  Speaker 4: call it my deposit account, slash your spend account, so
• 29:10
  Speaker 4: that's where your money lands. Some of it goes into
• 29:13
  Speaker 4: your bills account to pay bills, and you know how
• 29:15
  Speaker 4: much to go into your bills account by what bills
• 29:17
  Speaker 4: are due. And then some of it goes into your savings.
• 29:19
  Speaker 4: So in the beginning you're not going to have the
• 29:21
  Speaker 4: math perfect. You might just be like, I don't care
• 29:24
  Speaker 4: if ten dollars goes into your savings. When I was
• 29:26
  Speaker 4: at my brocus, I was literally transferring two dollars, you know,
• 29:30
  Speaker 4: just to cont just to have the habit of savings.
• 29:33
  Speaker 4: You never you never want to get out of the
• 29:35
  Speaker 4: habit of putting something away in your savings account. That's important.
• 29:38
  Speaker 4: So what I did for my husband, for example, he's
• 29:40
  Speaker 4: not going to sit down and spreadsheet. That's just not happening.
• 29:42
  Speaker 4: He's like, what breaks city. Nope, it's not. So we're
• 29:46
  Speaker 4: do instead. Now, is we budget for him anywhere? Because
• 29:50
  Speaker 4: I like the spreadsheet. We budget before his money even
• 29:52
  Speaker 4: gets there, I said, Babe, go to HR. Kid's what
• 29:55
  Speaker 4: you're gonna tell them? Hey, before you give me my money.
• 29:59
  Speaker 4: Some of it goes into and his retirement account check.
• 30:02
  Speaker 4: Some of it goes into his into his spend account,
• 30:05
  Speaker 4: that deposit account where things are depositives right check by
• 30:08
  Speaker 4: his direct DEPOSITI account right. Some of it goes into
• 30:10
  Speaker 4: our joint bill's account check, some goes into his personal
• 30:14
  Speaker 4: savings check, and some goes into our joint savings. So
• 30:18
  Speaker 4: he basically his budget is done automatically through HR, so
• 30:23
  Speaker 4: it lands and all he has to think about is
• 30:25
  Speaker 4: when it comes to his personal savings, whatever you want
• 30:27
  Speaker 4: to do with that, that's your business. As TABA that
• 30:29
  Speaker 4: would say the vegan, vegan chef that Yodly loves. Right now,
• 30:32
  Speaker 4: that's your business, right And all he has to worry
• 30:35
  Speaker 4: about too, is his basically his allowance in his deposit account,
• 30:38
  Speaker 4: in his spending account. So whatever's in his spending account.
• 30:41
  Speaker 4: If I see my husband with some new j's on.
• 30:43
  Speaker 4: Back in the day, I used to be like, oh,
• 30:45
  Speaker 4: that's what we're doing. Do you want enjoyers with the
• 30:47
  Speaker 4: bread money? Now it's not my basiness no more, right
• 30:51
  Speaker 4: because I know one thing. He didn't take it from
• 30:53
  Speaker 4: the Bill's account. He didn't take it from our joint savings.
• 30:55
  Speaker 4: So if he took it from his personal savings or
• 30:58
  Speaker 4: his spending account, that's fine. And so like if you
• 31:02
  Speaker 4: don't know how to do anything else, if you just
• 31:03
  Speaker 4: have at least those three accounts and have your money
• 31:07
  Speaker 4: automatically split from well really four because you want to
• 31:09
  Speaker 4: have a retirement account and have your money split from work,
• 31:13
  Speaker 4: then you will be ahead of the game. And so
• 31:16
  Speaker 4: for people who want to go a little bit deeper.
• 31:17
  Speaker 4: For me, you know, like I, like I said, I
• 31:19
  Speaker 4: like to have spread to you. I like to know
• 31:20
  Speaker 4: how much we're spending on on on groceries, how much
• 31:24
  Speaker 4: we're spending on gas, so I keep track of that.
• 31:26
  Speaker 4: I just the tool I like to use best is
• 31:28
  Speaker 4: just Excel, So I like to keep track of that there.
• 31:30
  Speaker 4: But you don't necessarily have to. You set aside a
• 31:34
  Speaker 4: you know, an allowance for yourself. Typically things are led
• 31:37
  Speaker 4: by bills. So if ideally you want to be setting
• 31:39
  Speaker 4: aside twelve to fifteen percent for your retirement, and you
• 31:42
  Speaker 4: probably are saying, like, I can't afford to lose twelve
• 31:44
  Speaker 4: to fifteen percent of my pay, or to start with
• 31:47
  Speaker 4: one percent, and every six months you boosted up, start
• 31:49
  Speaker 4: with a half percent, and every six months you boost
• 31:51
  Speaker 4: it up, start with something towards retirement. And then your bills.
• 31:55
  Speaker 4: I like to do bills every two weeks, so the
• 31:57
  Speaker 4: money I have transferred to the bill's account. You ask yourself, okay,
• 32:01
  Speaker 4: how much are my bills from the first to the fifteenth,
• 32:03
  Speaker 4: and how much are my bills from the fifteenth to
• 32:05
  Speaker 4: the thirtieth, And that's how you know how much to
• 32:07
  Speaker 4: be going into the bills account. You know, so it
• 32:11
  Speaker 4: might be or you might just have a select number.
• 32:13
  Speaker 4: You might say, well, my bills are around three thousand
• 32:16
  Speaker 4: dollars a month, so every paycheck or every pay period,
• 32:18
  Speaker 4: my bi weekly or my bi monthly pay period, fifteen
• 32:22
  Speaker 4: hundred dollars is going to go into my bill's account.
• 32:24
  Speaker 4: And having your bills account paid bills automatically for you
• 32:27
  Speaker 4: is really going to be like clutch, Like I don't
• 32:30
  Speaker 4: pay bills. Bills pay themselves, so lands on my bills account,
• 32:33
  Speaker 4: and my bills already know, pay my pay the electric bill,
• 32:38
  Speaker 4: pay the water bill, pay these bills for me automatically.
• 32:41
  Speaker 4: And like I said, what's left in my spend account
• 32:43
  Speaker 4: is attached to my debit card, and I can spend
• 32:46
  Speaker 4: and when that money is done, so on mine. What's
• 32:49
  Speaker 4: really important too about a budget is the savings account.
• 32:53
  Speaker 4: I don't want you to save at your regular bank
• 32:55
  Speaker 4: because it makes it easy to transfer. We've all been
• 32:57
  Speaker 4: there at Target right and been like, oh man, like
• 33:01
  Speaker 4: I really want whatever this thing is, this bleunder this dress,
• 33:03
  Speaker 4: this shirt, and you look at check in. You know
• 33:06
  Speaker 4: Dariel William got no money to check in, but you
• 33:08
  Speaker 4: know who got money though savings, and then you're in
• 33:11
  Speaker 4: line making that transfer, like and happy about it to
• 33:13
  Speaker 4: like making a transfer even though you're like that was
• 33:15
  Speaker 4: supposed to be for powers. You're like, pass can wait,
• 33:17
  Speaker 4: tease your care make that transfer, and you're like dang.
• 33:20
  Speaker 4: Later you're like this, why I'll never go nowhere because
• 33:22
  Speaker 4: I'm always at Target to buy a toilet tissue and
• 33:24
  Speaker 4: then I leave but three hundred dollars worth of stuff.
• 33:27
  Speaker 4: If you put your savings in an online only savings account, though,
• 33:31
  Speaker 4: then you're gonna have to wait at least twenty four
• 33:34
  Speaker 4: to seventy two hours for your savings at your online
• 33:37
  Speaker 4: only savings account to transfer back to your checking to
• 33:41
  Speaker 4: to your spend account. And so what that means is
• 33:44
  Speaker 4: it makes your money inconvenient, and inconvenient money get saved.
• 33:47
  Speaker 4: So I like this website called magnify money dot com
• 33:50
  Speaker 4: to look for an online only savings account because they
• 33:52
  Speaker 4: grade savings accounts from A to F. So you're gonna
• 33:55
  Speaker 4: look for an A account that's one. Two, you're gonna
• 33:58
  Speaker 4: look for an account that's FD I I see insured
• 34:01
  Speaker 4: that's two. Three. You're going to look for an account
• 34:03
  Speaker 4: that's going to give the highest interest rate because your
• 34:05
  Speaker 4: big bank is not going to give you much of
• 34:07
  Speaker 4: an interest rate. So online only savings accounts don't have
• 34:10
  Speaker 4: as much overhead, so they pass that on to you.
• 34:13
  Speaker 4: And you earn a higher interest. And then four, you're
• 34:16
  Speaker 4: going to look for a bank that has low deposit requirement.
• 34:20
  Speaker 4: So that means in order to open up the bank account,
• 34:22
  Speaker 4: maybe you have to you have to put in a
• 34:24
  Speaker 4: dollar and also too in order to maintain and get
• 34:26
  Speaker 4: that interest. You don't want them to say you have
• 34:29
  Speaker 4: to have ten thousand dollars in the bank account in
• 34:31
  Speaker 4: order for you to earn the interests that they've advertised.
• 34:34
  Speaker 4: So those are the four components you're going to look
• 34:36
  Speaker 4: for your online safe account. So I hate to say like, oh,
• 34:39
  Speaker 4: twenty percent here, thirty percent there, unless you have an
• 34:43
  Speaker 4: irregular income. You don't have to live by percentages. You
• 34:46
  Speaker 4: would live by amounts. So one hundred dollars here, three
• 34:49
  Speaker 4: hundred dollars there, four hundred dollars here. That's what you're
• 34:52
  Speaker 4: That's the split that you should be doing regularly every month.
• 34:55
  Speaker 4: If your money it fluctuates because you have an irregular income,
• 34:58
  Speaker 4: then you might say, you know, forty percent goes into
• 35:01
  Speaker 4: my bills. You know five percent goes into spending. But
• 35:06
  Speaker 4: you have to work backwards, like how much are your
• 35:08
  Speaker 4: bills unless you're starting from scratching your twenty one you're
• 35:11
  Speaker 4: just moving out that you can force your bills to
• 35:13
  Speaker 4: fit within that percentage. But it's easy for people to say, oh,
• 35:16
  Speaker 4: seventy thirty. Yeah, but like, so what are your bills actually?
• 35:19
  Speaker 4: Though your bills might be seventy percent of your income
• 35:21
  Speaker 4: right now, you know, so that's so you have to
• 35:24
  Speaker 4: pay your bills and you're I'm not worried about the percentage.
• 35:27
  Speaker 4: Just now, like how much you actually need to pay bills?
• 35:29
  Speaker 4: Put that in the bill's account. Okay, how much ideally
• 35:32
  Speaker 4: do you want to save once those bills are paid.
• 35:34
  Speaker 4: I want to save one hundred dollars a month, So
• 35:36
  Speaker 4: make that a bill. Now that one hundred dollars a
• 35:38
  Speaker 4: month is automatically put into that savings account directly from
• 35:41
  Speaker 4: your job. And then what's left over, like I said,
• 35:43
  Speaker 4: is your spending money. You know, you might tell yourself,
• 35:45
  Speaker 4: I'm going to give myself fifty dollars every two weeks
• 35:48
  Speaker 4: for spending. Okay, great, and for whatever reason, if there's
• 35:52
  Speaker 4: not enough money, then you take care of bills. You say,
• 35:54
  Speaker 4: I guess I can't save this month, and I guess
• 35:56
  Speaker 4: I can't. I don't spending money this month for like,
• 36:00
  Speaker 4: you know, spending money for things that are like, you know,
• 36:03
  Speaker 4: like hair, nails, grooming, this and that. You know, so
• 36:06
  Speaker 4: sometimes you don't have it, and that's okay. So there
• 36:08
  Speaker 4: are times when I didn't have it, but I had
• 36:10
  Speaker 4: to pay bills, and even sometimes I didn't have enough
• 36:12
  Speaker 4: for bills and I had to say, well, I have
• 36:13
  Speaker 4: to pay my Nettle budget bills, my essential bills. Verizon
• 36:16
  Speaker 4: can wait. Verison is not going to shoot you if
• 36:19
  Speaker 4: you don't pay. Yes, we'll affect your credit score. But credits,
• 36:22
  Speaker 4: course are things that you can you can you can
• 36:24
  Speaker 4: increase later. I much rather you take care of things
• 36:27
  Speaker 4: that are going to make you happy, I mean healthy
• 36:29
  Speaker 4: and safe.
• 36:30
  Speaker 7: I was just thinking about that because one of the things,
• 36:32
  Speaker 7: the powerful things you talk about is identifying ifs, Like
• 36:35
  Speaker 7: we can have anything we want if we just identify
• 36:38
  Speaker 7: our ifs and control them so that we can budget.
• 36:41
  Speaker 6: Right.
• 36:41
  Speaker 7: So if I want to say four hundred dollars, maybe
• 36:44
  Speaker 7: I don't go to the barbershop twice a week, right,
• 36:47
  Speaker 7: So can you talk about the your points of identifying
• 36:49
  Speaker 7: the ifs and how they can translate to having more
• 36:51
  Speaker 7: money in your budget?
• 36:53
  Speaker 4: Absolutely, there are four questions you should ask yourself before
• 36:55
  Speaker 4: you spend any money. Do I need it? Do I
• 36:58
  Speaker 4: love it? Do I like it? Do I want it?
• 37:00
  Speaker 4: Need it? Love it like it? Want it, need it,
• 37:03
  Speaker 4: love it like it?
• 37:04
  Speaker 3: One you need Swiss on that.
• 37:07
  Speaker 5: Right.
• 37:08
  Speaker 4: So your needs come first. That's food, shelter, clothing, water,
• 37:10
  Speaker 4: the absolute necessities you must have to stay healthy and safe.
• 37:14
  Speaker 4: You pay for those first. Most of us are here
• 37:16
  Speaker 4: to that. That's why you're alive. Then your loves are
• 37:20
  Speaker 4: those things that enhance your life. What are things five
• 37:23
  Speaker 4: ten years from now that's still our value even though
• 37:27
  Speaker 4: that thing might not be there. Right. So if you
• 37:29
  Speaker 4: had Oprah's bank account, I always tell people what would
• 37:31
  Speaker 4: you do or do more of? So a lot of
• 37:32
  Speaker 4: people say travel, maybe they'd start a business, maybe they
• 37:35
  Speaker 4: go back to school, maybe the philanthropy, whatever that is.
• 37:38
  Speaker 4: So those are your loves. Those are things that give
• 37:41
  Speaker 4: you long term joy, even when that thing is not
• 37:44
  Speaker 4: physically there, right. And then your likes are short term joy.
• 37:48
  Speaker 4: So you know that's your target. Run, that's your that's
• 37:53
  Speaker 4: that dress that you're like, oh, this is super cute.
• 37:55
  Speaker 4: You know that might be I don't know, eating out
• 37:58
  Speaker 4: with friends or eating out with friends might be a love.
• 38:00
  Speaker 4: You might be like yo, I'm such a foodie. Five
• 38:02
  Speaker 4: years from now, I'm remembering that restaurant. So there's no judgment.
• 38:05
  Speaker 4: You get to decide, but likes our short term joint
• 38:07
  Speaker 4: and wants are just things to get. I really try
• 38:10
  Speaker 4: to stay away from just frivolous spending, which is what
• 38:12
  Speaker 4: wants are. It doesn't mean I never do it, but
• 38:14
  Speaker 4: it doesn't make sense to trick up your money and
• 38:16
  Speaker 4: wants when you can have more things for loves and
• 38:20
  Speaker 4: your needs. And so what I try to do is
• 38:23
  Speaker 4: so I try to live in the second half, the
• 38:25
  Speaker 4: first half of life, my needs and my loves, because
• 38:27
  Speaker 4: that's an enriched, fulfilled life. So I'm not really a foodie,
• 38:32
  Speaker 4: although my belly would suggest otherwise. But I'm not really
• 38:36
  Speaker 4: a foodie. But I used to go eat brunch every
• 38:39
  Speaker 4: weekend with my friends, and then one day I was like,
• 38:40
  Speaker 4: why the hell am I going to brunch. I have
• 38:41
  Speaker 4: not been on vacation in like two years, so I
• 38:44
  Speaker 4: stopped going. They're like, yo, himmy, you're so cheap, right,
• 38:47
  Speaker 4: And I'm like, I'm not cheap. It's just that, like
• 38:48
  Speaker 4: I don't want to spend my money on bunch anymore.
• 38:50
  Speaker 4: I don't want to spend thirty dollars a week eating bunch,
• 38:53
  Speaker 4: and so I started saving my brunch money that I
• 38:55
  Speaker 4: made it a game. Every time they asked me to
• 38:56
  Speaker 4: go to bunch, I would put I would transfer thirty
• 38:58
  Speaker 4: dollars to my savings account, and within a few months
• 39:01
  Speaker 4: I had enough money. I went for my first solo
• 39:03
  Speaker 4: travel trip. I went to Albuquerque, New Mexico because I
• 39:06
  Speaker 4: had on my bucket list I wanted to ride in
• 39:08
  Speaker 4: a hot air balloon in Albuquerque, New Mexico's the high
• 39:11
  Speaker 4: air bloon capital of the world. Who knew? Now you do, right?
• 39:15
  Speaker 4: And so I was like, okay, So I remember my
• 39:17
  Speaker 4: friend called me Tijuana. She was like, hey girl, we're
• 39:20
  Speaker 4: about to have We're gonna have brunch tomorrow, but I
• 39:22
  Speaker 4: know you and yo Chi behind you ain't going. I
• 39:24
  Speaker 4: was like, cause, I was like slight flex, well, actually
• 39:26
  Speaker 4: major flex. I was like, ooh girl, I'm about to
• 39:28
  Speaker 4: get in a hot air balloon. The captain said, I
• 39:30
  Speaker 4: got turned off my phone. Can I call you later?
• 39:32
  Speaker 4: She was like, I had an air balloon in Newark.
• 39:34
  Speaker 4: I'm like, no, girl, New Mexico. That's when I do
• 39:38
  Speaker 4: my brunch money. Mike drop. Okay, So now I stopped
• 39:43
  Speaker 4: telling my friends I don't say I don't say no
• 39:45
  Speaker 4: to brunch. I'll tell them like, ah, nah, girl, I
• 39:48
  Speaker 4: can't go right now because I'm saying yes to Paris.
• 39:50
  Speaker 4: I'm saying yes to Istanbul, I'm saying yes to Santarina.
• 39:53
  Speaker 4: These are places I've been. I'm saying yes to Morocco.
• 39:56
  Speaker 4: And so I started to decide for myself what my
• 39:58
  Speaker 4: needs and my loves were. So I'm not against spending money.
• 40:01
  Speaker 4: I'm against spending money on things that don't matter to you.
• 40:04
  Speaker 4: Prioritize what your more is, Like some of us are
• 40:08
  Speaker 4: spending our whole life spending money on someone else's idea
• 40:12
  Speaker 4: of more. Tajuana is a foodie, not me. That's her more,
• 40:15
  Speaker 4: that's less for me. You know, let her eat out
• 40:18
  Speaker 4: with another food is she can come to my house
• 40:19
  Speaker 4: and chill out for free. And so that's really how
• 40:21
  Speaker 4: you start to prioritize, just to ask yourself, like what
• 40:24
  Speaker 4: does more of a life truly mean? You know, for me,
• 40:28
  Speaker 4: I don't want any You know, your spending should be
• 40:30
  Speaker 4: reflective of your values and how you want your life
• 40:32
  Speaker 4: to go.
• 40:33
  Speaker 6: So you said hunting with the online savings that was
• 40:35
  Speaker 6: a good point.
• 40:36
  Speaker 5: I tell people that all the time, Like you got
• 40:37
  Speaker 5: to treat your savings like a bill, like how you
• 40:40
  Speaker 5: have your bill, your car bill, Like you can't afford
• 40:42
  Speaker 5: to not pay your car bill. You can't afford to
• 40:44
  Speaker 5: not pay your cell phone bill. So savings, like you said,
• 40:46
  Speaker 5: no matter how much it is, it should be a
• 40:48
  Speaker 5: line item and a bill.
• 40:49
  Speaker 6: I think. But I wanted to touch on I had
• 40:51
  Speaker 6: a few questions.
• 40:52
  Speaker 5: So first when you had mentioned with your husband with HR,
• 40:55
  Speaker 5: so I didn't even know that was possible. So somebody's
• 40:58
  Speaker 5: paycheck can be split into different bank accounts for direct deposits.
• 41:02
  Speaker 4: Typically up to four So most mid size so like
• 41:05
  Speaker 4: even my company. I don't have some huge company, but
• 41:07
  Speaker 4: we're able to do that. So typically up to four splits.
• 41:10
  Speaker 4: And so if you're if you're a single, ready to mingle,
• 41:14
  Speaker 4: I would say your bill's account a like, and your
• 41:18
  Speaker 4: saving account and your spending account. So I would do
• 41:20
  Speaker 4: the three right. So but if you are in a
• 41:24
  Speaker 4: relationship where you're like sharing expenses, then I would have four.
• 41:28
  Speaker 4: I believe that you should have some autonomy over your
• 41:30
  Speaker 4: finances as well as responsibility because you're with someone, so
• 41:34
  Speaker 4: that would be a personal savings each person a joint savings,
• 41:38
  Speaker 4: a joint bills and and and and then your own
• 41:43
  Speaker 4: spending account. So to checking two savings. So one of
• 41:46
  Speaker 4: the checking one of the savings is yours, and the
• 41:49
  Speaker 4: other checking the other savings is someone else's well belongs
• 41:52
  Speaker 4: to collectively to the whole.
• 41:54
  Speaker 5: And all all you have to do is just go
• 41:56
  Speaker 5: to HR And it's like a form like the regular
• 41:58
  Speaker 5: direct deposit FORMA you fill out, but it's just like
• 42:01
  Speaker 5: you can just add different bank accounts to.
• 42:02
  Speaker 4: It, yes, and tell them this is the amount, like
• 42:04
  Speaker 4: like you know, my check is five thousand dollars. You know,
• 42:07
  Speaker 4: like to say a pay period, a thousand goes here,
• 42:09
  Speaker 4: a thousand goes here, a thousand goes here, and so
• 42:11
  Speaker 4: now like the other day, because because it's online only savings,
• 42:15
  Speaker 4: we don't look at it all the time. My husband
• 42:17
  Speaker 4: was like, yo, babe, I got mad money in my savings.
• 42:22
  Speaker 4: I'm like, okay, you're welcome, I upgrade right and so,
• 42:27
  Speaker 4: but he was like, never had this much save because
• 42:29
  Speaker 4: he doesn't think about it. It's been like the last
• 42:31
  Speaker 4: two or three years that money would just land. So
• 42:34
  Speaker 4: my husband is the type maybe this is all man
• 42:36
  Speaker 4: with their boys, so you know, your boys be like, yo, yo,
• 42:39
  Speaker 4: you can let me hold thirty dollars. You will let me,
• 42:41
  Speaker 4: you know, And so he would always be like, yo, babe,
• 42:44
  Speaker 4: such and such as you know, such and such a
• 42:46
  Speaker 4: struggling to be And I'd be like, who tone, I
• 42:50
  Speaker 4: don't even like tone. Right'd be like, you know so
• 42:53
  Speaker 4: now because we would have to be talking back and
• 42:55
  Speaker 4: forth to take money out of our joint pot. So
• 42:57
  Speaker 4: now there's none of that because one, you have your
• 43:00
  Speaker 4: own allowance money and you have your own savings. You
• 43:02
  Speaker 4: want to give tone all your savor and that's how
• 43:04
  Speaker 4: you want to live your life.
• 43:05
  Speaker 3: Go ahead, you know, just don't touch this joint account.
• 43:08
  Speaker 4: So it's like I'm looking at the joint saving and
• 43:10
  Speaker 4: the doorbell. I say, okay, long, I'll see no tone
• 43:13
  Speaker 4: bill and that. So it allows you, you know, so
• 43:16
  Speaker 4: everyone to feel like you're part of this community where
• 43:18
  Speaker 4: you're all contributing, but allows you to have autonomy, like
• 43:21
  Speaker 4: he could do whatever he wants with well, not whatever
• 43:23
  Speaker 4: he wants, but you know what I mean, Like with
• 43:25
  Speaker 4: his money, he can decide. And so I think that
• 43:27
  Speaker 4: works best for if you're in a significant relationship with someone.
• 43:31
  Speaker 6: And another thing.
• 43:32
  Speaker 5: The last question, So the online savings, like I said,
• 43:34
  Speaker 5: I believe the same thing you said, as far as
• 43:36
  Speaker 5: it's good to have it, not with the bank like
• 43:37
  Speaker 5: I Chase. I have Chase for my business and my
• 43:40
  Speaker 5: personal bank account, but I have Capital one my online savings,
• 43:44
  Speaker 5: And yeah, the reason is that it's nice a whole
• 43:46
  Speaker 5: hassle to get the money. You gotta wait like three days,
• 43:48
  Speaker 5: so psychologically it's like out of sight, out of mind
• 43:51
  Speaker 5: when you when you when I log on the Chase app,
• 43:53
  Speaker 5: I don't see it. I even forget about it. I
• 43:55
  Speaker 5: was just thinking about it just now, like I forgot
• 43:56
  Speaker 5: about I forgot about it. I haven't really even you
• 43:59
  Speaker 5: know what I'm saying. So, but what do you have
• 44:03
  Speaker 5: any top banks that you're recommending like or like interest
• 44:07
  Speaker 5: rates that we should be because I think I forget
• 44:09
  Speaker 5: what my interest rate is. I know it's slightly higher,
• 44:10
  Speaker 5: like you said, because online banks don't have the same
• 44:12
  Speaker 5: brick and water expenses as regular traditional banks do. So
• 44:16
  Speaker 5: it's always good to have an online bank for the
• 44:19
  Speaker 5: higher interest rate. But are there any ones that in
• 44:21
  Speaker 5: particular right now that's paying higher interest rates than others?
• 44:26
  Speaker 4: There was? So here's the thing, like one. I'm like,
• 44:28
  Speaker 4: these banks will pay my bills? People always right, no,
• 44:31
  Speaker 4: but honestly, so the reason why I tell people like
• 44:33
  Speaker 4: I I'm currently with ally Bank, A L L Y right.
• 44:37
  Speaker 4: But here's the thing. Ally Bank, back in the day
• 44:40
  Speaker 4: they had the best, They had the best interest rate.
• 44:43
  Speaker 4: They don't anymore. Their interest rate is okay. I think
• 44:46
  Speaker 4: last of my check it was like, well one point
• 44:48
  Speaker 4: five percent. But there are banks out there. There was
• 44:50
  Speaker 4: a Credit Union when I looked at Magnifying Money the
• 44:52
  Speaker 4: other day, that was given two percent. So I definitely
• 44:55
  Speaker 4: say go for the bank that's giving the highest interest rate.
• 44:58
  Speaker 4: There's also gold Sas has a bank account called like
• 45:02
  Speaker 4: Marcus my Goldman Sachs. You know that's another one.
• 45:06
  Speaker 3: Erners, what's up?
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  Speaker 7: You ever walk into a small business and everything just works,
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  Speaker 4: There isn't a best bake if the bank is FDIC
• 48:01
  Speaker 4: insured and they're paying you the highest interest rate. That's
• 48:03
  Speaker 4: the best bank. Like I said, I like ally, but
• 48:06
  Speaker 4: I'm only there now because I signed out with them originally.
• 48:08
  Speaker 4: But best believe, go with the coins are You don't
• 48:11
  Speaker 4: have to be loyal to your bank. They're not loyal
• 48:13
  Speaker 4: to you, you know, go with who's giving you them coins.
• 48:17
  Speaker 6: Yeah.
• 48:17
  Speaker 7: One of the things you said about having a joint account,
• 48:19
  Speaker 7: you know I can attest to. I think it's a
• 48:20
  Speaker 7: great idea, especially for married couples. I heard you preach
• 48:24
  Speaker 7: about preparing to invest, right, So if you have that
• 48:27
  Speaker 7: a joint account, what is something that couples could think
• 48:29
  Speaker 7: about investing?
• 48:31
  Speaker 4: So this is great. So people ask me, like, here's
• 48:35
  Speaker 4: the steps to preparing to invest, so you don't have
• 48:37
  Speaker 4: to wait to invest for retirement. So to be clear,
• 48:40
  Speaker 4: when I say retirement is an investment, the purpose of
• 48:43
  Speaker 4: retirement is not so you're going You're not gonna live
• 48:45
  Speaker 4: on no private island in retirement unless you're living on
• 48:49
  Speaker 4: a private island. Now. Retirement is so you can maintain
• 48:52
  Speaker 4: your current lifestyle. If you set aside twelve to fifteen
• 48:56
  Speaker 4: percent of your income now your gross income now, and
• 48:59
  Speaker 4: that's all you ever do. What that will inability to
• 49:02
  Speaker 4: do is maintain your current lifestyle. So if you don't
• 49:05
  Speaker 4: see palm trees next to you, now, you rain' go
• 49:07
  Speaker 4: see palm trees when you eighty, right. So then so
• 49:10
  Speaker 4: you do that first and foremost, because you must set
• 49:12
  Speaker 4: aside for your future self and it's your younger self
• 49:15
  Speaker 4: job to look after your future self, so that comes first.
• 49:18
  Speaker 4: Then after you're doing that, then you have to have
• 49:21
  Speaker 4: a budget. Right, you have to have some sort of
• 49:24
  Speaker 4: physical plan of what your money is doing. This much
• 49:28
  Speaker 4: is going to build, this much is going to spend
• 49:30
  Speaker 4: him something. So that's step two. Do you have a budget?
• 49:33
  Speaker 4: Check Before people say, oh I want to invest, I'm like,
• 49:35
  Speaker 4: slow down, slow down? Son? You killing them? Who's filling
• 49:38
  Speaker 4: them with octane? You didn't not have body? Right, So
• 49:42
  Speaker 4: that's too. Do you have a budget? Great?
• 49:45
  Speaker 2: Now?
• 49:46
  Speaker 4: Step number three right, do you have savings? Right? So,
• 49:51
  Speaker 4: do you have emergency savings at minimum minimum minum during
• 49:54
  Speaker 4: the recession I say six months? During a non recession,
• 49:57
  Speaker 4: I say at least three months three months of your
• 49:59
  Speaker 4: noodle budge, meaning do you have three months of your
• 50:02
  Speaker 4: essential bills saved? Because we already talked about if you
• 50:07
  Speaker 4: were to lose your job, you're gonna drop down to
• 50:08
  Speaker 4: get your noodle on. You're not gonna be living at
• 50:09
  Speaker 4: the same You're not gonna be living at your three
• 50:11
  Speaker 4: thousand dollar bus. You're gonna be living at your twenty
• 50:13
  Speaker 4: five hundred dollar budget. So do you have at least
• 50:15
  Speaker 4: three months of your noodle budget saved? That's important because
• 50:19
  Speaker 4: that is going to help you if times get rough
• 50:20
  Speaker 4: and tough. Do you have that great? Then? Number four?
• 50:24
  Speaker 4: Do you have high interest debt? Meaning how are you
• 50:29
  Speaker 4: going to invest when you owe visa at eighteen nineteen
• 50:34
  Speaker 4: twenty five thirty percent? Do you think you're gonna get
• 50:37
  Speaker 4: a return of fifteen thirteen you know, thirty percent?
• 50:41
  Speaker 2: No?
• 50:42
  Speaker 4: On average, the market yields about seven to eight percent
• 50:45
  Speaker 4: a year. So what that means is you put your
• 50:47
  Speaker 4: money in the market. On average, you're going to get
• 50:51
  Speaker 4: back eight cents. Let's just say, but because you have
• 50:55
  Speaker 4: credit card debt, you're losing eighteen cents a month or year.
• 51:00
  Speaker 4: So you make it eight cents and losing eighteen cents.
• 51:03
  Speaker 4: The best thing you can do is pay off the
• 51:05
  Speaker 4: credit card debt, the high interest credit card debt, because
• 51:08
  Speaker 4: you're losing more than you're likely to gain in the market.
• 51:11
  Speaker 4: So before you start investing, you and your boo, like,
• 51:14
  Speaker 4: get rid of that high interest credit card debt first
• 51:17
  Speaker 4: and foremost. So that's four. So now you've done all
• 51:19
  Speaker 4: those four things. You feeling cute, Okay, you feeling spicy.
• 51:21
  Speaker 4: Now we can leap into investing for wealth. So investing
• 51:25
  Speaker 4: for wealth if you are a couple, if you don't
• 51:28
  Speaker 4: know how to do nothing else, like you know, so
• 51:29
  Speaker 4: most people are like, they're not really willing to do
• 51:31
  Speaker 4: like everybody wants to like trade options. They don't even
• 51:33
  Speaker 4: know what that is. They want to, you know, everybody
• 51:35
  Speaker 4: wants to buy stock. Then you bought Delta. How's that
• 51:36
  Speaker 4: working out for you? Right now? How's Delta doing? It's
• 51:39
  Speaker 4: doing terrible. I can tell you because I have Delta,
• 51:42
  Speaker 4: and so most people want to do that. But truth is,
• 51:44
  Speaker 4: most people are not willing to do the work for investing.
• 51:46
  Speaker 4: That's okay, So this is what I tell people that instead,
• 51:50
  Speaker 4: you can invest in a mutual fund. I prefer target
• 51:55
  Speaker 4: date funds because it's like super super handholding. A target
• 51:58
  Speaker 4: date fund is is a mutual fund that you pick
• 52:03
  Speaker 4: the target date the date you want to pull out
• 52:04
  Speaker 4: that money. So typically most target date funds are the
• 52:09
  Speaker 4: date that you want to pull out that money. Typically
• 52:10
  Speaker 4: is the date that you want to retire, so you
• 52:12
  Speaker 4: might say twenty fifty, twenty forty five, twenty thirty five.
• 52:15
  Speaker 4: They're usually five years apart. So you're going to pick
• 52:17
  Speaker 4: a mutual fund that's a target date fund, right, A
• 52:21
  Speaker 4: mutual fund, just so you know, for those listening, I'm
• 52:23
  Speaker 4: sure you know, but you never know. It's a collection
• 52:25
  Speaker 4: of investments. I like mutual funds that tend to be
• 52:29
  Speaker 4: index funds, so they follow a particular index, like the
• 52:32
  Speaker 4: S and P five hundred, which is basically like the market.
• 52:35
  Speaker 4: So that means you're invested in a mutual fund that's
• 52:39
  Speaker 4: an index fund, and it follows the market and your money.
• 52:43
  Speaker 4: The reason why I like target date funds is that
• 52:45
  Speaker 4: it rebalances like a true investor knows that they have
• 52:48
  Speaker 4: to shift based upon how life like where they are
• 52:52
  Speaker 4: in life. Most people don't do that, so a target
• 52:55
  Speaker 4: date fund does it for you. A target date fund
• 52:56
  Speaker 4: says you pick the target date of twenty fifty, it
• 52:59
  Speaker 4: is now twenty twenty. We had thirty years, we got time,
• 53:02
  Speaker 4: so we the target day fund is going to be
• 53:04
  Speaker 4: invested more aggressively because you have thirty years. The closer
• 53:08
  Speaker 4: you get to twenty fifty, the more conservative automatically your
• 53:13
  Speaker 4: investment is going to be invested because the target day
• 53:16
  Speaker 4: fund is aware of twenty fifty is coming up. So
• 53:19
  Speaker 4: the closer we get if it's twenty forty nine, then
• 53:22
  Speaker 4: you're super You might be invested in all cash accounts,
• 53:25
  Speaker 4: in bonds, super super conservative investments, right, so you don't
• 53:29
  Speaker 4: not do anything else. You can buy a mutual fund
• 53:31
  Speaker 4: that that's that's that follows an index bond like I said,
• 53:34
  Speaker 4: the S and P five hundred. Typically you can you
• 53:37
  Speaker 4: can follow you look for a mutual fund. That's that's
• 53:39
  Speaker 4: called a total market fund, meaning that your fund mimics
• 53:44
  Speaker 4: a particular market like I said the S and P
• 53:46
  Speaker 4: five hunder one hundred. So when the when the market
• 53:48
  Speaker 4: goes up, your money goes up. When the market goes down,
• 53:50
  Speaker 4: your money goes down. But we like we like I
• 53:52
  Speaker 4: mentioned before, on average, the market yields about seven to
• 53:57
  Speaker 4: eight percent a year, so you will you will over
• 54:00
  Speaker 4: over the next thirty years, you're gonna see about a
• 54:03
  Speaker 4: seven eight percent game, which is great, you know, even
• 54:05
  Speaker 4: like that's for people who are like I don't want
• 54:07
  Speaker 4: to do nothing else like And so when you're looking
• 54:09
  Speaker 4: for a target date fund or a mutual fund, you're
• 54:12
  Speaker 4: looking for something called the expense ratio, and that is
• 54:15
  Speaker 4: the fee that that fund is charging you the percentage
• 54:19
  Speaker 4: of the money that you have invested with that fund.
• 54:21
  Speaker 4: And so right now, like a Vanguard, they have one
• 54:23
  Speaker 4: of the lowest expense ratio. So the broker's accounts that
• 54:27
  Speaker 4: have mutual funds and target date funds and these total
• 54:30
  Speaker 4: market funds are like Vanguard, Fidality child Swab. So you're
• 54:35
  Speaker 4: gonna google expense ratio first, Fidality expense ratio for child Swab.
• 54:39
  Speaker 4: I think like, right now, it's like the target for
• 54:41
  Speaker 4: a fund, for a total market target date fund for Vanguard.
• 54:45
  Speaker 4: Right now it's like point zero six percent, which is great, right,
• 54:49
  Speaker 4: not even points zero zero six percent, which is like
• 54:51
  Speaker 4: something ridiculous, like a piece of a piece of a
• 54:53
  Speaker 4: piece of piece of a penny. So that's great because
• 54:57
  Speaker 4: the average financial advisor is going to charge you one
• 55:00
  Speaker 4: percent of the assets of your of your money that
• 55:02
  Speaker 4: they've invested. So the financial advisor is gonna charge you
• 55:04
  Speaker 4: one percent, Vanguard's going to charge you a piece of
• 55:08
  Speaker 4: a piece of a piece of one percent, so you
• 55:09
  Speaker 4: get to keep more of your money. Fees are the
• 55:12
  Speaker 4: biggest hindrance to earning money. You know, I'm not anti
• 55:16
  Speaker 4: financial advisor, but you're spending a lot of money sometimes
• 55:21
  Speaker 4: for them to do automatically what some of these automatic
• 55:24
  Speaker 4: funds can do, unless you have other things your financial
• 55:26
  Speaker 4: advisor's doing for you. If they're just investing your money,
• 55:28
  Speaker 4: bruh fis just put it in in a target day
• 55:31
  Speaker 4: fund and let the fund automatically balance for you and
• 55:33
  Speaker 4: you can keep most of your money. So if you're
• 55:36
  Speaker 4: investing with your significant other, what I love is that
• 55:38
  Speaker 4: you can literally say, hey, Vanguard, you want to open
• 55:40
  Speaker 4: up a mutual fund. We'll prefer a target day fund
• 55:43
  Speaker 4: that's invested in the index. So do you have like
• 55:45
  Speaker 4: I know, Vanguard literally has one called their total market fund,
• 55:48
  Speaker 4: or you have a total market fund. Okay, open it up.
• 55:50
  Speaker 4: We're gonna be putting two hundred dollars a month. Just
• 55:52
  Speaker 4: you can have that transferred automatically from your savings account.
• 55:56
  Speaker 4: Transfer your two hundred bucks a month, because you already
• 55:58
  Speaker 4: have your three months of savings treats for your three
• 56:00
  Speaker 4: hundred bucks a month or two hundred bucks a month
• 56:02
  Speaker 4: into that account and let it grow. You kind of
• 56:04
  Speaker 4: set it in and semi forget it. So that's like
• 56:06
  Speaker 4: the easiest possible way to start investing. If you do that,
• 56:09
  Speaker 4: you will be better off than ninety nine or nine
• 56:11
  Speaker 4: point most people. And just keep it really simple. I
• 56:14
  Speaker 4: think investing should be really simple unless, like you really
• 56:17
  Speaker 4: are interested in learning how to buy individual stocks. But
• 56:20
  Speaker 4: you have to when it comes to investing, like in
• 56:22
  Speaker 4: the traditional sense and like the market, keep it simple.
• 56:25
  Speaker 4: And then you can also invest by starting a business.
• 56:27
  Speaker 4: You can invest by writing a book. There's other ways
• 56:30
  Speaker 4: to invest. You can invest by real estate like I
• 56:32
  Speaker 4: do all those things. I have residual investments where I
• 56:35
  Speaker 4: have books that pay me a few thousand dollars a
• 56:37
  Speaker 4: month from books I've written years ago. I have a
• 56:39
  Speaker 4: business that you know, that's an investment as well. I
• 56:42
  Speaker 4: put money into that business and it yields money back.
• 56:45
  Speaker 4: I also have real estate, you know, even in your
• 56:47
  Speaker 4: primary your primary residence. You have to think about that
• 56:49
  Speaker 4: as an investment, and you have to understand that the
• 56:52
  Speaker 4: key with investing is you should make money on the buy,
• 56:57
  Speaker 4: not necessarily the seal. So meaning this is then if
• 57:01
  Speaker 4: you always make sure you make money on the buy.
• 57:03
  Speaker 4: You never lose, but it's time to sell. So bought
• 57:06
  Speaker 4: this house that I'm living in now cash slighte flex
• 57:10
  Speaker 4: but it was a foreclosure so it was worth at
• 57:13
  Speaker 4: the time maybe three twenty because it was kind of
• 57:16
  Speaker 4: like a little bit beat up, and we bought it
• 57:18
  Speaker 4: for one eighty. So we made money on a buy
• 57:21
  Speaker 4: even if nothing else. We didn't fix it up. We're like, yo,
• 57:24
  Speaker 4: we tired, we ran out of money to fix it up.
• 57:26
  Speaker 4: We bought it for one eighty a house that's worth
• 57:28
  Speaker 4: three twenty, So we made money on the buy, no
• 57:30
  Speaker 4: matter what. So even now they're talking about the market
• 57:32
  Speaker 4: it's gonna drop, I'm not worried about it. It would
• 57:34
  Speaker 4: have to drop a whole hell of a lot for
• 57:36
  Speaker 4: a house worth three twenty to drop down to one eighty.
• 57:39
  Speaker 3: You know, got to have the wind built in exactly.
• 57:42
  Speaker 4: So we so then we then we renovated the place.
• 57:45
  Speaker 4: So now I just got the house of praise. We
• 57:47
  Speaker 4: renovated it. The house is now worth three ninety, so
• 57:50
  Speaker 4: it's like even if we never renovated it, we was
• 57:52
  Speaker 4: gonna win. So same thing with stocks, you know that
• 57:54
  Speaker 4: like you make money on the buy, you know, not necessarily,
• 57:58
  Speaker 4: like you don't want to have to wait for the cell.
• 58:00
  Speaker 4: But not enough people do that. They want to jump
• 58:01
  Speaker 4: into the market right now because you know your your
• 58:04
  Speaker 4: neighbors like, oh I bought, Oh you're not in, but
• 58:07
  Speaker 4: yond me, Oh you don't do bitcoin. Meanwhile, you don't
• 58:10
  Speaker 4: know nothing, know what they're talking about. Don't jump in
• 58:12
  Speaker 4: and lose your money. Like, if you're not going to
• 58:14
  Speaker 4: do the research, you're going to be broke. Get you
• 58:16
  Speaker 4: an index fund, you know, invest in things that you're
• 58:19
  Speaker 4: willing to do the research on, or invest in semi
• 58:21
  Speaker 4: automated super simple investments, and you'll be fine. You don't
• 58:24
  Speaker 4: have to have your investments told honestly largely be boring.
• 58:27
  Speaker 4: You don't have to have the hottest stock.
• 58:29
  Speaker 5: So all right, So in the last segment, we're going
• 58:32
  Speaker 5: to bring it home with a few more tips on
• 58:35
  Speaker 5: personal finance. So okay, So two questions that I had
• 58:39
  Speaker 5: that's related to personal finance that's big ones. The first
• 58:43
  Speaker 5: one is credit cards. Right, so a lot of people
• 58:45
  Speaker 5: I'm struggling with credit card debt, and I've heard different
• 58:47
  Speaker 5: strategies of how to pay off credit card debt. I
• 58:49
  Speaker 5: think one strategy is like the avalanche strategy. Like, so
• 58:53
  Speaker 5: we have one strategy, you pay off the smaller amount, oh,
• 58:57
  Speaker 5: the larger amount first.
• 58:58
  Speaker 6: I think.
• 58:59
  Speaker 5: The other strategy is you pay off the highest interest
• 59:02
  Speaker 5: amount first. So like if you have five cards and
• 59:05
  Speaker 5: one is twenty percent, one is fifteen, you pay off
• 59:07
  Speaker 5: the twenty percent first, where the other one is if
• 59:10
  Speaker 5: you have five cards and whatever the highest amount is,
• 59:13
  Speaker 5: you focus the majority of your resources to that. Knock
• 59:15
  Speaker 5: that out the way and think, so do you have
• 59:18
  Speaker 5: a set strategy for people that do you personally recommend
• 59:21
  Speaker 5: or like, what's what's the best way that somebody can
• 59:23
  Speaker 5: can go about paying off credit card debt?
• 59:25
  Speaker 4: So yeah, those are both really good ways. So I
• 59:27
  Speaker 4: personally like the snowball method first, first and foremost. Well
• 59:32
  Speaker 4: I like a mix of snowball slash avalanche. So the
• 59:35
  Speaker 4: avalanche method is the method where you pay off the
• 59:38
  Speaker 4: more expensive debt first, and that is the debt that
• 59:41
  Speaker 4: has the highest interest rate. So that's the fee that
• 59:44
  Speaker 4: they're charging you for the money that you owe them. Right,
• 59:48
  Speaker 4: So the reason why you pay that off first is
• 59:49
  Speaker 4: because logically, if I can give it a debt debt first,
• 59:53
  Speaker 4: that that is costing me the most amount of money.
• 59:55
  Speaker 4: I'm paying twenty percent, twenty cents on every dollar for
• 59:57
  Speaker 4: that debt. But the problem is is at what if
• 1:00:01
  Speaker 4: that debt that you're owing is thirty thousand dollars and
• 1:00:05
  Speaker 4: you make thirty thousand dollars a year, You'll be paying
• 1:00:07
  Speaker 4: that forever. So it doesn't really feel good. It's like
• 1:00:10
  Speaker 4: the equivalent of saying you're going to bench press one
• 1:00:12
  Speaker 4: hundred pounds tomorrow. You're just starting out. So I like
• 1:00:15
  Speaker 4: to start off with this snowball method, which is that
• 1:00:19
  Speaker 4: you pay the debt with the lowest balance first, right,
• 1:00:23
  Speaker 4: and so you start off so you can have early success.
• 1:00:26
  Speaker 4: And so let's just say, you know, you have a
• 1:00:27
  Speaker 4: credit card debt where the balance is one hundred dollars.
• 1:00:30
  Speaker 4: You pay out that one hundred dollars, woo hoo. Now
• 1:00:32
  Speaker 4: you take that whole payment that used to pay to
• 1:00:34
  Speaker 4: that debt and you roll it over to the next
• 1:00:37
  Speaker 4: lowest debt on your list. So as you start to
• 1:00:39
  Speaker 4: do that, then once you start to get a little momentum,
• 1:00:42
  Speaker 4: then you can start looking at, okay, now, which debts
• 1:00:44
  Speaker 4: are really Now you can start to mix an avalanche,
• 1:00:47
  Speaker 4: so which debts are actually costing me the most amount
• 1:00:49
  Speaker 4: of money now that I freed up cast by paying
• 1:00:52
  Speaker 4: off these lower debts. And so I like a mix
• 1:00:54
  Speaker 4: of the two of avalanche and snowball method. But I
• 1:00:57
  Speaker 4: say start off with snowball and then you can start
• 1:00:59
  Speaker 4: to infuse avalanche. So basically, start off paying off the
• 1:01:01
  Speaker 4: debt with the lowest balances first, and then once you
• 1:01:06
  Speaker 4: have excess money because you don't have those those smaller balances,
• 1:01:09
  Speaker 4: you don't have those credit cards to throw money at,
• 1:01:11
  Speaker 4: then you could start using this excess money to pay
• 1:01:13
  Speaker 4: off debts with the highest interest rate.
• 1:01:15
  Speaker 7: You said in times right now, Like a lot of
• 1:01:17
  Speaker 7: people in financial hardships, i've heard you said that one
• 1:01:20
  Speaker 7: of the things you could do is reduce your payments
• 1:01:22
  Speaker 7: to debt. So if you were paying two hundred dollars
• 1:01:25
  Speaker 7: a month to your Best Buy card and the minimum
• 1:01:27
  Speaker 7: payment was fifty dollars, maybe not paying seventy is a key.
• 1:01:29
  Speaker 3: You want to talk about that a little.
• 1:01:30
  Speaker 4: Bit, So especially if you don't have at least three
• 1:01:34
  Speaker 4: months of your nettle budget saved, so three months of
• 1:01:36
  Speaker 4: essential essential expenses saved. I mean, I wouldn't even pay
• 1:01:41
  Speaker 4: seventy dollars to my best boy, I'd be paying best
• 1:01:43
  Speaker 4: by the fifty because during recessionary times the times during recession,
• 1:01:48
  Speaker 4: cash is quean right because if you were to lose
• 1:01:53
  Speaker 4: your job, if you were to get sick, if your
• 1:01:55
  Speaker 4: job were to close down, what you're gonna do, You're
• 1:01:58
  Speaker 4: going to need cash. Debt free and no savings equals
• 1:02:01
  Speaker 4: debt because so many people are still so prior relatively.
• 1:02:03
  Speaker 4: I paid off my credit card debt. How much saves?
• 1:02:05
  Speaker 4: You got nothing? Well, now you got deb girl, No,
• 1:02:08
  Speaker 4: I'm deaf free. No, you're not let your card break down.
• 1:02:10
  Speaker 4: What you're gonna do sis You're gonna look at your
• 1:02:12
  Speaker 4: savings account, which is empty, and you're gonna look back
• 1:02:14
  Speaker 4: at that credit card and swipe that card. And that
• 1:02:17
  Speaker 4: credit card is now gonna charge you a fee for
• 1:02:20
  Speaker 4: using that card for an emergency where you could have
• 1:02:22
  Speaker 4: used money for free and from your savings account. So
• 1:02:26
  Speaker 4: I like, debt free doesn't equal well, I mean, especially
• 1:02:29
  Speaker 4: the black community. Crudential does this. Did this study called
• 1:02:31
  Speaker 4: like the Black American Experience or something like that about money,
• 1:02:34
  Speaker 4: and they found that they interviewed like a few thousand
• 1:02:37
  Speaker 4: black folks and asked, like, what's your number one goal?
• 1:02:40
  Speaker 4: And our goal as a community is to get debt free,
• 1:02:43
  Speaker 4: and the larger population their goal is to grow wealth.
• 1:02:48
  Speaker 4: Because somehow along the way we have confused debt freedom
• 1:02:51
  Speaker 4: with wealth. It's not the same. You know, who else
• 1:02:54
  Speaker 4: is debt free. I've got a four year old nephew, Roman,
• 1:02:57
  Speaker 4: Roman don't have no debt. Roman is broke right, well, man,
• 1:03:00
  Speaker 4: I got no money, So debt free is not the
• 1:03:02
  Speaker 4: same thing as well. And we put so much energy
• 1:03:05
  Speaker 4: into getting debt free, that doesn't mean anything, right. I'd
• 1:03:08
  Speaker 4: rather you focus, like, you know, make debt something that's
• 1:03:13
  Speaker 4: like this behind the scenes goal debt freedom, and you
• 1:03:15
  Speaker 4: know you pay it like you're supposed to, but really
• 1:03:17
  Speaker 4: focus your energy on growing wealth. Now give you an example.
• 1:03:20
  Speaker 4: So I told you I had that that a student
• 1:03:23
  Speaker 4: loan seen Hall University, fifty thousand dollars plus right, or
• 1:03:26
  Speaker 4: like fifty two thousand something like that. I was the
• 1:03:28
  Speaker 4: four baron's queen. I was like, not this year, no, no,
• 1:03:31
  Speaker 4: no deferment, nope. Right. So I did that for years
• 1:03:34
  Speaker 4: and then maybe like three or four years, maybe four
• 1:03:39
  Speaker 4: years into the budgetista I could afford to make a
• 1:03:42
  Speaker 4: payment on the debt, and I started to and then
• 1:03:44
  Speaker 4: I realized that maybe I was paying, like, I don't know,
• 1:03:46
  Speaker 4: a few hundred bucks a month, and I was like, huh,
• 1:03:49
  Speaker 4: I can aggress that I had aggressively paid off that
• 1:03:52
  Speaker 4: thirty five thousand dollars credit card debt scam. And I said,
• 1:03:55
  Speaker 4: I can continue to aggressively pay off this student loan debt.
• 1:03:59
  Speaker 4: But I know I owners that the budgetista is needing
• 1:04:02
  Speaker 4: money for growth. I need to hire a designer, I
• 1:04:04
  Speaker 4: need to hire what. So I could take this extra
• 1:04:06
  Speaker 4: money and put it toward the business instead. So I told, like,
• 1:04:11
  Speaker 4: my student loan you going back on for barons and deferment,
• 1:04:14
  Speaker 4: I'm gonna have to see you late, assist. And I
• 1:04:15
  Speaker 4: put the money toward my business instead. And in two years,
• 1:04:20
  Speaker 4: I was able to write a full check of fifty
• 1:04:23
  Speaker 4: two thousand dollars to my credit card to my student
• 1:04:26
  Speaker 4: loan debt because I had grown my business to seven figures.
• 1:04:30
  Speaker 4: So if I had to use that money to pay
• 1:04:32
  Speaker 4: off the student loan debt, then then I would have
• 1:04:35
  Speaker 4: been student loan debt free and maybe a business that
• 1:04:37
  Speaker 4: was making some you know load mid six figures, which
• 1:04:40
  Speaker 4: is cool. But now doing that, not only did I
• 1:04:44
  Speaker 4: have enough money to pay off my student loan debt
• 1:04:46
  Speaker 4: because I didn't focus on debt. I finally got to it,
• 1:04:49
  Speaker 4: but I focused on well. I was able to buy
• 1:04:51
  Speaker 4: this house for one hundred eighty thousand dollars cash. I
• 1:04:54
  Speaker 4: was able to renovate this house another six figure of renovation.
• 1:04:57
  Speaker 4: I was able to pay off my parents' house one
• 1:04:59
  Speaker 4: hundred twenty thousand knowledge. You see what I mean. So
• 1:05:02
  Speaker 4: focusing on wealth allowed me to have all the things,
• 1:05:04
  Speaker 4: including debt freedom. Focusing on just getting debt free just
• 1:05:08
  Speaker 4: gets you that you will be Roman four years old
• 1:05:10
  Speaker 4: with no debt but no money.
• 1:05:11
  Speaker 5: No, it's true what you said, And a lot of
• 1:05:14
  Speaker 5: times things, especially in our community, we equate debt. It's
• 1:05:16
  Speaker 5: only like bad debt that we think about, so like
• 1:05:19
  Speaker 5: cars or credit cards and stuff like that.
• 1:05:22
  Speaker 6: So that's why it's such a push.
• 1:05:24
  Speaker 5: And then it's like, you know, all kinds of people
• 1:05:25
  Speaker 5: that preach, you know, debt free community and all that stuff.
• 1:05:28
  Speaker 5: So it's like most people have when and it's like
• 1:05:31
  Speaker 5: all kinds of religious nothing against the religious community, but
• 1:05:34
  Speaker 5: you know, it's all kinds of religious quotes that people
• 1:05:36
  Speaker 5: will throw in there, and it's kind of like half
• 1:05:40
  Speaker 5: truths because there's good debt and it's bad debt, And
• 1:05:43
  Speaker 5: if you're not fully educated, you think that all debt
• 1:05:46
  Speaker 5: is bad. Where I mean, I've told this story several
• 1:05:48
  Speaker 5: times and a couple of different times on the podcast
• 1:05:51
  Speaker 5: where I've done several different times where I've taken money
• 1:05:55
  Speaker 5: from my credit card interests free for like twelve eighteen months,
• 1:06:00
  Speaker 5: and I invested it. And it's like, if you give
• 1:06:02
  Speaker 5: me twenty thousand dollars free for eighteen months via balance transfer,
• 1:06:06
  Speaker 5: but people don't even know you can put the balance
• 1:06:08
  Speaker 5: transfer into your actual bank account. I give me twenty thousand,
• 1:06:11
  Speaker 5: I'll give it back to you eighteen months. Let me
• 1:06:12
  Speaker 5: flip this. By the time I flip it and then
• 1:06:15
  Speaker 5: doubled it, and I just got to pay you back
• 1:06:17
  Speaker 5: to twenty thousand that I borrowed. So I just use
• 1:06:20
  Speaker 5: that as an example of that there's good debt and
• 1:06:22
  Speaker 5: this bad debt, And especially when you're in business, I mean,
• 1:06:26
  Speaker 5: it's kind of really almost impossible to run business without
• 1:06:29
  Speaker 5: any debt at some point if you plan on really scaling,
• 1:06:32
  Speaker 5: like even major corporations, they have debt for the most part,
• 1:06:35
  Speaker 5: Like very few companies have no debt at all. You
• 1:06:37
  Speaker 5: have to be responsible and manage the debt properly. But
• 1:06:40
  Speaker 5: it's a leverage. It's a leverage tool.
• 1:06:43
  Speaker 4: So like we're unfortunate in that we because wasn't nobody
• 1:06:47
  Speaker 4: lending my black behind money, right, Like that's not happening.
• 1:06:50
  Speaker 4: Wells Farker was like, oh girl, get out. So I
• 1:06:53
  Speaker 4: had to build the Budgeonista from the ground up, you know,
• 1:06:56
  Speaker 4: with like so we had to the Budgetiesta became the bank.
• 1:06:59
  Speaker 4: So as the Budgetess to start to do well, then
• 1:07:01
  Speaker 4: it was enabled me to branch out to my other companies,
• 1:07:03
  Speaker 4: and the Budgetista became the bank lending to those other companies.
• 1:07:07
  Speaker 4: Other companies made money paid the Budgetista back. And now
• 1:07:10
  Speaker 4: one of my companies is we had our first seven
• 1:07:12
  Speaker 4: figure month, right and so and then we have rearcurring
• 1:07:16
  Speaker 4: of just under seven figure. So by next month we'll
• 1:07:19
  Speaker 4: be an eight figure in your company with no debt.
• 1:07:21
  Speaker 4: So do we use credit cards to pay for things
• 1:07:24
  Speaker 4: like marketing, but we pay them off in full every month.
• 1:07:26
  Speaker 4: We have an Amex card that we use largely. So
• 1:07:29
  Speaker 4: here we are eight figure of your company and no
• 1:07:34
  Speaker 4: long term debt, you know. So it's I just say
• 1:07:38
  Speaker 4: all that that, like it's possible to do the things
• 1:07:41
  Speaker 4: that you want. I mean, and still I live fairly
• 1:07:44
  Speaker 4: simply like if you see me out here in these streets,
• 1:07:45
  Speaker 4: you would never know, right because I you know, because
• 1:07:50
  Speaker 4: it was like, do I elevate my lifestyle right now
• 1:07:52
  Speaker 4: to do our port back into my business. So I
• 1:07:55
  Speaker 4: had already told my financial planners. I believe that you know,
• 1:07:57
  Speaker 4: I have a financial planner because I was at a
• 1:08:00
  Speaker 4: certain point where I knew I know how to make
• 1:08:02
  Speaker 4: money and how to save money. I know how to
• 1:08:04
  Speaker 4: budget money, but I really wanted to learn how to
• 1:08:07
  Speaker 4: grow my money to the next level. So I hired
• 1:08:09
  Speaker 4: a finance planner for myself and and my husband.
• 1:08:12
  Speaker 7: One of the beautiful things about you and ourselves is
• 1:08:16
  Speaker 7: like twenty ten, we would just like. I was fresh
• 1:08:19
  Speaker 7: out of college teaching and one of the things I
• 1:08:22
  Speaker 7: saw in education is that financial literacy wasn't being taught
• 1:08:25
  Speaker 7: in school, and so I reached for my best friend.
• 1:08:27
  Speaker 7: I'm like, yo, you know you're doing finance. Why don't
• 1:08:29
  Speaker 7: we try to teach finance to kids? And it seems
• 1:08:33
  Speaker 7: like around the same time you were doing a similar thing.
• 1:08:36
  Speaker 7: You want to talk about the law A one four
• 1:08:38
  Speaker 7: four or as we know it, as the world should
• 1:08:40
  Speaker 7: know what the budget needs still law.
• 1:08:42
  Speaker 4: Yeah, So I had dope friends the same. You know,
• 1:08:46
  Speaker 4: you have to just understand that your deposit what you
• 1:08:49
  Speaker 4: deposit a seed, you get to reap later, right, you
• 1:08:51
  Speaker 4: get to reap that harvest. So I was teaching financial
• 1:08:54
  Speaker 4: education at the Naida Way. There was a young woman
• 1:08:57
  Speaker 4: there and it was Angela Vie McKnight. At the time,
• 1:09:00
  Speaker 4: she was working for like IBM or something, but she
• 1:09:03
  Speaker 4: did so much for her community in Jersey City. Someone
• 1:09:06
  Speaker 4: was like, yo, you should be an assembly woman because
• 1:09:08
  Speaker 4: you do so much, you have this nonprofit. You're dope.
• 1:09:10
  Speaker 4: So she ran and she won. So she hit me
• 1:09:12
  Speaker 4: up and it was like, hey, Tiffany, you know I
• 1:09:14
  Speaker 4: took your class at the end of it way, it
• 1:09:16
  Speaker 4: was a six week course. I want to do something
• 1:09:18
  Speaker 4: for education for the city, or for not just the city,
• 1:09:22
  Speaker 4: but for the state of New Jersey. And I told her, well,
• 1:09:25
  Speaker 4: Jersey's ahead of the curve, and that we had already
• 1:09:27
  Speaker 4: had a law in place for high school, right. But
• 1:09:30
  Speaker 4: I told her, I believe because I used to teach
• 1:09:31
  Speaker 4: preschool that kids as lowest three and fourced to be
• 1:09:34
  Speaker 4: getting financial education age appropriate financial education. So she and
• 1:09:38
  Speaker 4: I met up at the Starbucks downtown Newark and we
• 1:09:43
  Speaker 4: started to write the bill. It was like if you
• 1:09:45
  Speaker 4: ever like, you know, schoolhouse Rock, just a bill. It
• 1:09:48
  Speaker 4: was like a Civics class of like all the steps
• 1:09:51
  Speaker 4: that had to go to to become a law. First,
• 1:09:53
  Speaker 4: you sit down, you kind of write out what you're thinking.
• 1:09:56
  Speaker 4: Then her team has to do research to see what's
• 1:09:57
  Speaker 4: already out there. Maybe there's outstanding bills there was. I
• 1:10:00
  Speaker 4: told her that it should be elementary and middle school.
• 1:10:03
  Speaker 4: So he wrote up a bill. We met with these
• 1:10:05
  Speaker 4: different committees because you have to have people on board,
• 1:10:08
  Speaker 4: and so we met up with the Education committee. They
• 1:10:10
  Speaker 4: said we love it, and she was like, I need
• 1:10:12
  Speaker 4: you to come because the teachers are kind of pushing
• 1:10:14
  Speaker 4: back because you know, as a teacher, there's always some
• 1:10:15
  Speaker 4: new initiative. You're like, what now, we already have mad
• 1:10:18
  Speaker 4: Time Engles times did like what now?
• 1:10:20
  Speaker 7: They don't like change and they don't like anything added
• 1:10:22
  Speaker 7: to their schedules.
• 1:10:23
  Speaker 4: Yes, And so I said, I agree, you're right. Because
• 1:10:26
  Speaker 4: a teacher, I was like, you know what, you're right, Susan.
• 1:10:29
  Speaker 4: I hated that, like are we doing something else? Now?
• 1:10:31
  Speaker 4: I'm not doing it, you know, and so what I
• 1:10:34
  Speaker 4: did was I went back and we edited the bill
• 1:10:36
  Speaker 4: to say that it wouldn't you it was mandatory to
• 1:10:39
  Speaker 4: have financial education integrated into the school day, so meaning
• 1:10:44
  Speaker 4: you could be teaching science and talking about money, so
• 1:10:47
  Speaker 4: like how much would it cost to clean up the park.
• 1:10:50
  Speaker 4: You could be teaching colors and or you can be
• 1:10:52
  Speaker 4: teaching like art and maybe you're making a savings box.
• 1:10:56
  Speaker 4: So integration versus like stop it's money time. So the
• 1:10:59
  Speaker 4: teachers I like that, you know. So we met with
• 1:11:03
  Speaker 4: the committee. Then it has to go to like the Senate,
• 1:11:06
  Speaker 4: and then it has to go to or has to
• 1:11:07
  Speaker 4: go to the House and then Senate, and they voted
• 1:11:09
  Speaker 4: on it. It went all the way up to Governor
• 1:11:10
  Speaker 4: Christie's desk, and it was the year that he was
• 1:11:13
  Speaker 4: like on his way out, and he promised he was
• 1:11:15
  Speaker 4: going to sign it and he didn't. And in the
• 1:11:16
  Speaker 4: state of New Jersey, if a governor doesn't sign a law,
• 1:11:19
  Speaker 4: it's beetled by just not signing it. There's certain states
• 1:11:22
  Speaker 4: where if a governor doesn't sign a law on the
• 1:11:24
  Speaker 4: way out, it's automatically integrated in but not in New Jersey.
• 1:11:27
  Speaker 4: So we worked for two years for it. To get
• 1:11:29
  Speaker 4: to his desk only for him not have to sign it.
• 1:11:32
  Speaker 4: I was like whatever, so but it was It was
• 1:11:35
  Speaker 4: fine because then we had to go back to the beginning,
• 1:11:39
  Speaker 4: meaning like we had to rewrite the bill, and now
• 1:11:41
  Speaker 4: all of a sudden they wanted to drop off the
• 1:11:43
  Speaker 4: elementary school part. We were like, fine, we're not fighting,
• 1:11:45
  Speaker 4: We'll just have middle school. So we went through the
• 1:11:48
  Speaker 4: same committee House Senate, got to Governor mur Murphy's desk.
• 1:11:52
  Speaker 4: And this is why, you know, the right thing that
• 1:11:53
  Speaker 4: happens at the right time, because if we would have
• 1:11:55
  Speaker 4: had it signed under what's his face, yeah, Christie, it
• 1:12:00
  Speaker 4: wouldn't We wouldn't have had all the fanfare. Governor murphyw
• 1:12:03
  Speaker 4: was like, not only do I love it, I super
• 1:12:04
  Speaker 4: love it. So in the state of New Jersey we
• 1:12:06
  Speaker 4: have our very first black lieutenant governor, which is basically
• 1:12:08
  Speaker 4: governor second in command, and he was like, I'm not
• 1:12:12
  Speaker 4: gonna be there, but I would love for this to
• 1:12:14
  Speaker 4: have a signing day. Not every law is a signing day.
• 1:12:16
  Speaker 4: So not only do we have a signing day with
• 1:12:18
  Speaker 4: our black lieutenant governor, you know, she was the Lieutenant
• 1:12:21
  Speaker 4: Oliver signing. We got to choose the school and Angela
• 1:12:25
  Speaker 4: chose the Barack Obama school because you know, we keep
• 1:12:27
  Speaker 4: it all the way black, okay. So and then here
• 1:12:30
  Speaker 4: right so here it is lieutenant governor, black woman, Angela
• 1:12:34
  Speaker 4: assembly woman who made this law happen, a black woman
• 1:12:37
  Speaker 4: budgetista up on stage, black woman. It was such a
• 1:12:39
  Speaker 4: blackly black black affair, and all the kids in the audience.
• 1:12:42
  Speaker 4: My mama came. Honestly, it was dope. And to see
• 1:12:45
  Speaker 4: her sign and she was like, this bill is now
• 1:12:47
  Speaker 4: a law, it was like amazing. So yeah, So it
• 1:12:51
  Speaker 4: wasn't until you know, at the time, some things don't
• 1:12:53
  Speaker 4: soak in and you're like, oh, okay, that's good. Okay,
• 1:12:55
  Speaker 4: I run a law. Go about your business. But one
• 1:12:58
  Speaker 4: of my best friends was around the corner and she'd
• 1:13:00
  Speaker 4: had a daughter, Olivia, who is eight, and so they
• 1:13:04
  Speaker 4: come over all the time. And then Olivia was like,
• 1:13:06
  Speaker 4: Auntie Tiffany, can you have me my homework? I said sure.
• 1:13:09
  Speaker 4: So I'm looking at this homework and it's like about money,
• 1:13:12
  Speaker 4: and I'm like, you're not about money in school? She
• 1:13:13
  Speaker 4: said yeah, we started learning about money in school.
• 1:13:15
  Speaker 3: And it was like, oh snap, there goes me out.
• 1:13:20
  Speaker 4: So it hit me like Olivia's learning about money because
• 1:13:23
  Speaker 4: something that her aunt Tiffany did, So that was when
• 1:13:25
  Speaker 4: it was like a full circle moment.
• 1:13:26
  Speaker 7: So yeah, and that's going to live off for generations
• 1:13:28
  Speaker 7: like that impact that you just did. And it's true,
• 1:13:30
  Speaker 7: like it could be. It doesn't have to just be
• 1:13:32
  Speaker 7: in mathematics like there is finance and everything. It could
• 1:13:36
  Speaker 7: be in the literature, in ela, it could be in
• 1:13:37
  Speaker 7: social studies. It can be in science, like you said,
• 1:13:40
  Speaker 7: like a lot of we can talk about going out
• 1:13:41
  Speaker 7: of space and how much rockets and how much TESLA
• 1:13:44
  Speaker 7: puts into or SpaceX puts into space exploration.
• 1:13:47
  Speaker 3: It's all around us.
• 1:13:48
  Speaker 7: So I'm happy that you did that, and I guess
• 1:13:51
  Speaker 7: there's two guys who might have to work on something
• 1:13:52
  Speaker 7: for New York.
• 1:13:55
  Speaker 4: So we're going back for elementary school because honestly, I
• 1:13:57
  Speaker 4: want that when you step foot in public school in
• 1:13:59
  Speaker 4: New Jersey, from the very beginning kindergarten all the way
• 1:14:03
  Speaker 4: up to your senior in high school, you're getting financial education.
• 1:14:06
  Speaker 4: It's just gonna set you apart for when you when
• 1:14:08
  Speaker 4: you you know, go off into adulthood, Like if you
• 1:14:10
  Speaker 4: had twelve years of financial education, you're not the same
• 1:14:13
  Speaker 4: kid as a kid that didn't.
• 1:14:14
  Speaker 3: So absolutely.
• 1:14:16
  Speaker 5: So speaking on education, you have you have your own
• 1:14:19
  Speaker 5: educational platform. Can you talk about that?
• 1:14:22
  Speaker 4: Yes? So I have an online school called the Live
• 1:14:25
  Speaker 4: Richer Academy. It's dope I created. I wanted to create
• 1:14:28
  Speaker 4: a safe space for women. So the budgetista is is
• 1:14:31
  Speaker 4: it just way? We have a handful of guys in there.
• 1:14:33
  Speaker 3: I just tell them, don't act up, act you and
• 1:14:36
  Speaker 3: gets smacked up. That's what you're doing.
• 1:14:39
  Speaker 4: Because in the in the especially the black community. So
• 1:14:43
  Speaker 4: Credential has a study like that, same of Black and
• 1:14:47
  Speaker 4: money study, but they found that women just in general,
• 1:14:49
  Speaker 4: I don't think this was a black study, but they
• 1:14:51
  Speaker 4: found that women in general make up to seven zero
• 1:14:53
  Speaker 4: seventy percent of the financial choices in the household. So
• 1:14:56
  Speaker 4: even if she's a stay at home mom, who's buying
• 1:14:58
  Speaker 4: the groceries, who buying a kid the kids food? Like
• 1:15:01
  Speaker 4: you know, if you you're married, right, so you you
• 1:15:05
  Speaker 4: hate a car like us, let's just say it's a
• 1:15:06
  Speaker 4: family car. You you love the car, she hate the car,
• 1:15:09
  Speaker 4: y'all ain't getting that car. Now, she loved a car
• 1:15:11
  Speaker 4: and you are y'all get in that car.
• 1:15:14
  Speaker 2: Right.
• 1:15:14
  Speaker 4: And So, because women have a lot of influence on
• 1:15:16
  Speaker 4: how even if they're not making the money, on how
• 1:15:18
  Speaker 4: money is spent. Right, So I realized that if I
• 1:15:21
  Speaker 4: want to help my community, the best way to do
• 1:15:22
  Speaker 4: is to women. And I am a woman, so it's
• 1:15:24
  Speaker 4: easier for women to listen and to flock to me.
• 1:15:28
  Speaker 4: And so I started when I started a budget thest
• 1:15:31
  Speaker 4: to ten years ago, I started kind of like our crew,
• 1:15:33
  Speaker 4: Like I always say, like we're the Beehive of personal finance,
• 1:15:36
  Speaker 4: and we call ourselves dream catchers because words mean things.
• 1:15:40
  Speaker 4: And we're like over nine hundred women deep in over
• 1:15:43
  Speaker 4: one hundred different countries. Like we are information. And so
• 1:15:47
  Speaker 4: I have Facebook group. It's like five hundred thousand women
• 1:15:49
  Speaker 4: in there twenty four hours a day. Eighty percent of
• 1:15:51
  Speaker 4: the group is engaged that we just help each other,
• 1:15:54
  Speaker 4: like does anybody know how to do a budget? Does
• 1:15:56
  Speaker 4: anybody know anything about credit? How much do the baby
• 1:15:58
  Speaker 4: shoes cost? You can ask any in that group. It's
• 1:16:00
  Speaker 4: a safe space. And so I was teaching the basics.
• 1:16:03
  Speaker 4: And then as I was growing, So I'm a baby
• 1:16:06
  Speaker 4: millionaire and you know, I'm uncle funk as as I
• 1:16:10
  Speaker 4: so as I would my husband be, like yo, I
• 1:16:13
  Speaker 4: still be out here in these streets, not like the
• 1:16:14
  Speaker 4: street streets, but like with his friends, like don't we staying?
• 1:16:16
  Speaker 4: You know? I was like, you know, they don't know
• 1:16:20
  Speaker 4: where I live, babe, they don't know where I live.
• 1:16:22
  Speaker 4: But and you're not gonna find nothing. But like so
• 1:16:25
  Speaker 4: you know, target clothes, so run up and you can
• 1:16:27
  Speaker 4: get done up. So what I learned now with the academy,
• 1:16:34
  Speaker 4: what I realized is that you cannot budget your way
• 1:16:37
  Speaker 4: to wealth. Right. So you can budget, you can say it,
• 1:16:40
  Speaker 4: that's great, but at some point you have to elevate
• 1:16:42
  Speaker 4: to the next level. And I realized that I had
• 1:16:44
  Speaker 4: gotten to this level because of my especially my dad,
• 1:16:48
  Speaker 4: and I realized that I need instruction, I need mentorship,
• 1:16:52
  Speaker 4: I need experts, and so I started myself pulling people
• 1:16:55
  Speaker 4: from the financial community to teach me how to do
• 1:16:57
  Speaker 4: certain things, you know, like how do you invest in
• 1:16:59
  Speaker 4: really state, how do you invest? Like what's the best
• 1:17:01
  Speaker 4: for time, and like all these things that that didn't
• 1:17:04
  Speaker 4: know ten years ago. I was pulling them in and
• 1:17:06
  Speaker 4: I started to raise my own net worth from negative
• 1:17:09
  Speaker 4: three hundred thousand when I lost the house and I
• 1:17:11
  Speaker 4: had the credit card debt and the and the student
• 1:17:13
  Speaker 4: loans to now like just over a million dollars, you know,
• 1:17:17
  Speaker 4: like one point one or one point two right my
• 1:17:19
  Speaker 4: net worth and so and I'm completely debt free, Like
• 1:17:23
  Speaker 4: I don't owe nothing on this house. We owned two houses,
• 1:17:25
  Speaker 4: two cars. We don't owe we don't have any credit
• 1:17:28
  Speaker 4: card debt. We're for real debt free, you know. And
• 1:17:32
  Speaker 4: so I thought to myself, as I was growing, and
• 1:17:34
  Speaker 4: I'm teaching the women the basics, you know, a lot
• 1:17:36
  Speaker 4: of the women were outgrowing the basics, So the basics
• 1:17:39
  Speaker 4: I give away for free. So like the Facebook group Dreamcatchers,
• 1:17:42
  Speaker 4: Live Richer with the Budgetista free, all of my challenge
• 1:17:45
  Speaker 4: is free, you know, most of the information free. But
• 1:17:47
  Speaker 4: I thought to myself, as I'm elevating and growing, I
• 1:17:51
  Speaker 4: want to bring along my girls. And so they were
• 1:17:54
  Speaker 4: asking me for more, but I'm like, well, that's not
• 1:17:56
  Speaker 4: really my expertise. So I started to reach out to
• 1:17:59
  Speaker 4: the people that helped me to elevate and said, could
• 1:18:01
  Speaker 4: you teach a class? And I started to put these
• 1:18:04
  Speaker 4: classes together, and I created the Live Richer Academy where
• 1:18:07
  Speaker 4: it's like fifty or sixty different experts. Ash Cash our
• 1:18:11
  Speaker 4: boy teaches. So I reach out to the best of
• 1:18:13
  Speaker 4: the best of the best and we have classes and
• 1:18:17
  Speaker 4: it's awesome, and we have thirty one thousand students inside
• 1:18:20
  Speaker 4: the Liverature Academy. They be getting their life, buying houses,
• 1:18:23
  Speaker 4: real estate, starting businesses, getting pressed lace and their kids.
• 1:18:27
  Speaker 4: It's like it's amazing every day. And we have a
• 1:18:29
  Speaker 4: private forum where people post their wins, like some of
• 1:18:32
  Speaker 4: the winds are like tremendous credit scores raising and so
• 1:18:35
  Speaker 4: we have these experts come in and teach and the
• 1:18:37
  Speaker 4: Academy is just like a warm embrace and it's really
• 1:18:39
  Speaker 4: there to help you elevate beyond the fundamentals to like
• 1:18:43
  Speaker 4: truly start to grow wealth for yourself. That's what I
• 1:18:46
  Speaker 4: want for us. And I'm proud of the Literature Academy.
• 1:18:48
  Speaker 4: It's four years old. We just had our first seven
• 1:18:51
  Speaker 4: figure month, and so so seven figures in a month,
• 1:18:55
  Speaker 4: it's like, oh, that's cute, you know, but how much
• 1:18:58
  Speaker 4: did you spend to get seven figures in month? So
• 1:19:00
  Speaker 4: what I'm really proud of is like, not the end
• 1:19:03
  Speaker 4: of this month, but we're on track by the end
• 1:19:05
  Speaker 4: of next month to have seven figures recurring, meaning with
• 1:19:09
  Speaker 4: no market spend, with no output except for salary and
• 1:19:14
  Speaker 4: like bills and our salary and buils and things are
• 1:19:16
  Speaker 4: I think last time she told me, my my CFO,
• 1:19:18
  Speaker 4: it's under ten percent. So under ten percent of our
• 1:19:21
  Speaker 4: total income goes to keeping this academy running without the
• 1:19:26
  Speaker 4: market spend and will be recurring income. Will be seven
• 1:19:30
  Speaker 4: figures by the end next month. Is We're right about
• 1:19:32
  Speaker 4: eight hundred thousand dollars a month reoccurring. So that's like
• 1:19:35
  Speaker 4: tremendous with no debt. And so I'm just proud of
• 1:19:37
  Speaker 4: the academy, you know, like of like what we've been
• 1:19:40
  Speaker 4: able to do and how many people we've been able
• 1:19:41
  Speaker 4: to help. I mean, we've helped our audience save well
• 1:19:44
  Speaker 4: over two hundred million dollars, pay off one hundred fifty
• 1:19:46
  Speaker 4: million dollars worth of debt. We've transformed lives. Like yo,
• 1:19:50
  Speaker 4: I can't go anywhere without some sister hemming me up
• 1:19:52
  Speaker 4: and giving me a hug and crying and thank you
• 1:19:54
  Speaker 4: so much. You know, even when I walk these streets,
• 1:19:56
  Speaker 4: like people are like Hong Kong bunch of nieces that
• 1:19:58
  Speaker 4: you I'm like.
• 1:19:59
  Speaker 3: It is girl, keep cute, give me six feet.
• 1:20:01
  Speaker 4: You're right, I want to be an example that you
• 1:20:07
  Speaker 4: could do good work, that you can help good people
• 1:20:09
  Speaker 4: and that you can make good money. That those things
• 1:20:12
  Speaker 4: are not conflicting values. You know, like, you don't have
• 1:20:16
  Speaker 4: to have a business that takes advantage of people. You
• 1:20:18
  Speaker 4: could have a business that's transparent, that truly is of service,
• 1:20:23
  Speaker 4: that transforms live that you know, that leans into the
• 1:20:25
  Speaker 4: community that you want to speak to. We don't take advantage.
• 1:20:28
  Speaker 4: I don't like every day a credit card company leans
• 1:20:31
  Speaker 4: into me and says like, Yo, you know, we'll give
• 1:20:33
  Speaker 4: you three hundred dollars a person if you sign them up,
• 1:20:35
  Speaker 4: And I'm like, yo, kick rocks. I can make be
• 1:20:38
  Speaker 4: making so much more money for all the people that
• 1:20:41
  Speaker 4: come to me and ask me to like sell out
• 1:20:42
  Speaker 4: my community. I'm like, nah, Yo, I don't want to
• 1:20:45
  Speaker 4: make money in that way. I want to be an
• 1:20:46
  Speaker 4: example that you can show up like you know, you
• 1:20:50
  Speaker 4: can show up, be kind, keep your community first, and
• 1:20:54
  Speaker 4: still make bank. Like you think, I'm not going to
• 1:20:56
  Speaker 4: be like, Yo, we're on our way, Like our goal
• 1:20:58
  Speaker 4: is nine figures. You think we're not gonna make it. Hell, yeah,
• 1:21:00
  Speaker 4: we gonna make it and still be good to our
• 1:21:01
  Speaker 4: community and pour back in because I set aside ten
• 1:21:04
  Speaker 4: percent and pour right back into the community that we serve,
• 1:21:07
  Speaker 4: so it's just a pleasure. So yeah, the Literature Academy
• 1:21:10
  Speaker 4: is my jam, and we actually have something for your
• 1:21:13
  Speaker 4: for y'all listeners who are wanted to be part of
• 1:21:15
  Speaker 4: the Literature Academy. Like I said, we have some men
• 1:21:16
  Speaker 4: in there. I'm sure they're been dragged by their girlfriends
• 1:21:19
  Speaker 4: and there and their wives like, so anybody could join,
• 1:21:23
  Speaker 4: Like I mean, like I say this a lot, but
• 1:21:25
  Speaker 4: if you don't mind that, it's the same, like the
• 1:21:26
  Speaker 4: same information for men and women is just that I
• 1:21:29
  Speaker 4: would say ninety six percent of my audience are women.
• 1:21:31
  Speaker 3: Come on, you're coming.
• 1:21:33
  Speaker 6: Yeah, So for your.
• 1:21:35
  Speaker 4: Audience, I actually gave y'all like like, if you were
• 1:21:37
  Speaker 4: to go to Libature Academy dot com, you'll see the
• 1:21:39
  Speaker 4: full price, but for your audience, I gave you guys
• 1:21:41
  Speaker 4: a a forty percent off discount link for you could
• 1:21:44
  Speaker 4: either pay monthly or you could pay get two months
• 1:21:47
  Speaker 4: free if you pay annually and you just pay the
• 1:21:50
  Speaker 4: one lump sum. So it's like a gym membership where
• 1:21:53
  Speaker 4: like if you pay monthly, it comes out every month.
• 1:21:55
  Speaker 4: I mean, you can cancel any time, obviously, but I
• 1:21:57
  Speaker 4: don't like people to get the hot sometimes people like
• 1:21:59
  Speaker 4: I sign up one month. I'm like says it's a membership,
• 1:22:04
  Speaker 4: but you don't cantal but like you know, you signed
• 1:22:07
  Speaker 4: up on a fifteen, it's back.
• 1:22:07
  Speaker 6: I'll be back on the fifteen.
• 1:22:10
  Speaker 3: People like I said, you can.
• 1:22:12
  Speaker 4: Pay for the year and get and get get one
• 1:22:15
  Speaker 4: month free. But it's forty percent off. So I don't
• 1:22:17
  Speaker 4: know if I say it's to say price, because who
• 1:22:19
  Speaker 4: knows when people are gonna listen to I mean, I
• 1:22:20
  Speaker 4: don't plan on raising price anytime soon, so I'll say
• 1:22:22
  Speaker 4: for now. So right now, it's it's fifty bucks a
• 1:22:24
  Speaker 4: month if you were to go to liverature academy dot com.
• 1:22:27
  Speaker 4: But if you use the link for earn your Leisure,
• 1:22:30
  Speaker 4: it's not fifty bus a month. It's twenty nine ninety
• 1:22:32
  Speaker 4: nine a month, So forty percent off that stipe twenty
• 1:22:35
  Speaker 4: nine ninety nine a month for for for now, and then,
• 1:22:39
  Speaker 4: like I said, the annual normally would have been I
• 1:22:43
  Speaker 4: think like five hundred dollars or six hundred dollars for
• 1:22:46
  Speaker 4: the year, but for your leisure it's uh two hundred
• 1:22:49
  Speaker 4: and ninety nine dollars, so three hundred bucks for the
• 1:22:50
  Speaker 4: whole year because you get two months free and so yeah,
• 1:22:53
  Speaker 4: I mean all of that value. I'll say this. I
• 1:22:55
  Speaker 4: always tell people, like twenty nine ninety nine a month,
• 1:22:57
  Speaker 4: right for the forty percent off. That's a dollar dad.
• 1:23:00
  Speaker 4: You know so many people like my attorney is in there,
• 1:23:04
  Speaker 4: like you can't even like speak his name for a dollar.
• 1:23:08
  Speaker 4: You know, like if he does a contract for me,
• 1:23:10
  Speaker 4: I gotta be like dang ariy word like the homy
• 1:23:14
  Speaker 4: hookup for he did a contract for me was three
• 1:23:18
  Speaker 4: thousand dollars. That was the homey hookup. And he's in
• 1:23:21
  Speaker 4: there teaching. You know, my my CFO Shanta, she is
• 1:23:26
  Speaker 4: the dopest. She just did a whole class about how
• 1:23:28
  Speaker 4: to set up your business. So you want to hire Shanta.
• 1:23:30
  Speaker 4: You know, I pay Shanta six figures. You Bay had,
• 1:23:33
  Speaker 4: You're not even You're getting Shanta, You're getting the Tivit,
• 1:23:35
  Speaker 4: You're getting ash cash, You're getting all these amazing people.
• 1:23:38
  Speaker 4: My girl Sandy, who teaches you had a side, hustle
• 1:23:40
  Speaker 4: and make money on the side. My girl Tila, who
• 1:23:42
  Speaker 4: teaches you, like you do you want to invest in
• 1:23:44
  Speaker 4: in stocks, individual stocks and learn how to trade options.
• 1:23:47
  Speaker 4: She teaches that, Like yo, you want to work with
• 1:23:48
  Speaker 4: Tila it's fifteen hundred dollars. I believe she might actually
• 1:23:51
  Speaker 4: charge two thousand for her course. But what makes the
• 1:23:54
  Speaker 4: Accounty special is that everyone in my community knows how
• 1:23:57
  Speaker 4: much I want to pour into the community, so they
• 1:23:59
  Speaker 4: donate their time to us. Like that's because there's no
• 1:24:01
  Speaker 4: way I could make the academy thirty bucks a month
• 1:24:04
  Speaker 4: in a way, because they're like if I had to
• 1:24:07
  Speaker 4: pay each of those folks for what they're what they're worth,
• 1:24:10
  Speaker 4: but they want to pour back into a community that
• 1:24:12
  Speaker 4: they know might not otherwise be able to afford their
• 1:24:14
  Speaker 4: level of expertise. And so they're like, Tiffany, I got you.
• 1:24:17
  Speaker 4: You know, I'm gonna come, I'm gonna teach my class,
• 1:24:19
  Speaker 4: and I'm gonna make sure that folks get it. And
• 1:24:21
  Speaker 4: so yeah, it's just a blessing like it's and when
• 1:24:24
  Speaker 4: you get that level of commitment, when you get that
• 1:24:27
  Speaker 4: intention poured into you, like the sky is the limit.
• 1:24:29
  Speaker 4: Like I said, we have thirty one thousand members right now,
• 1:24:31
  Speaker 4: about three hundred new, hundred three people, three hundred people
• 1:24:34
  Speaker 4: knew join the day, and it's like a love that's
• 1:24:36
  Speaker 4: in there. So yeah, get your get your forty percent off,
• 1:24:39
  Speaker 4: you use their link and I'll see you in the academy.
• 1:24:42
  Speaker 5: Nah, I appreciate it. I appreciate you doing that for us.
• 1:24:44
  Speaker 5: And yeah, it's it's always a blessing to just to
• 1:24:49
  Speaker 5: meet people. And like I said, I checked it out.
• 1:24:51
  Speaker 5: I actually checked it out and it's super official. So
• 1:24:54
  Speaker 5: if anybody's interested, like like Tiffany said, you know, she
• 1:24:57
  Speaker 5: was kind enough to give us a special discount for
• 1:25:00
  Speaker 5: ey L. So we're putting the link in the bio
• 1:25:03
  Speaker 5: or the description if you're listening on Apple or Spotify,
• 1:25:06
  Speaker 5: if you're watching on YouTube, being description. It also be
• 1:25:08
  Speaker 5: on our website on our e y L Alumni tap,
• 1:25:13
  Speaker 5: so you can go to EYO Alumni tap on e
• 1:25:15
  Speaker 5: y L or Alesia dot com and we'll have the
• 1:25:19
  Speaker 5: links everywhere. So once again, thank you for that. I
• 1:25:22
  Speaker 5: appreciate it.
• 1:25:23
  Speaker 3: Appreciate you earners. Take advantage of.
• 1:25:24
  Speaker 5: How can people contact you on social media? Any new
• 1:25:28
  Speaker 5: initiatives that you want to make the people aware of.
• 1:25:32
  Speaker 4: So yeah, I am the Budgetnista everywhere, the Budgetista on Instagram,
• 1:25:37
  Speaker 4: on Facebook, on Twitter, or even on TikTok. But I
• 1:25:41
  Speaker 4: am not tiktoking. Ain't gonna be attacking under my name.
• 1:25:45
  Speaker 6: Don't Rush, don't rush challenge, I know, right, so Twitter.
• 1:25:50
  Speaker 4: Everywhere, I'm the budget Nesta. My favorite partment probably right
• 1:25:53
  Speaker 4: now is like Instagram, but like you know, you can
• 1:25:55
  Speaker 4: follow me there.
• 1:25:56
  Speaker 3: But congrats on three hundred thousand thank you.
• 1:25:59
  Speaker 4: Yeah right, I was, like I made it, so yeah,
• 1:26:03
  Speaker 4: so I'm Also it's just the budget lista dot com
• 1:26:05
  Speaker 4: so if you're looking for resources, and so I have
• 1:26:07
  Speaker 4: a ton of resources. One of my things is that
• 1:26:09
  Speaker 4: my biggest thing is you don't have to spend money
• 1:26:10
  Speaker 4: with me to get help. Like when you're a teacher,
• 1:26:13
  Speaker 4: and you are a teacher for real, for real, you
• 1:26:14
  Speaker 4: know you're like, I can't help, but teach you catch
• 1:26:16
  Speaker 4: me at the Whole Food bougie about the oranges like
• 1:26:21
  Speaker 4: a girl, and that's how you fix your credit, like
• 1:26:23
  Speaker 4: I can't help it. Like results, like a teacher is
• 1:26:27
  Speaker 4: truly a calling. So I always say like, because I
• 1:26:30
  Speaker 4: know not everybody. I mean, for some people, thirty dollars
• 1:26:31
  Speaker 4: a month is too much, you know. So I have
• 1:26:34
  Speaker 4: a ton of free resources to help you get and
• 1:26:36
  Speaker 4: stay on financial track. So so I believe of service first.
• 1:26:39
  Speaker 4: So yeah, the budget lista everywhere, but like probably my
• 1:26:42
  Speaker 4: most exciting new product I have a ton of hooks,
• 1:26:45
  Speaker 4: but you can type in budget Eista on Amazon and
• 1:26:47
  Speaker 4: find them. But this is my baby. I don't know
• 1:26:50
  Speaker 4: if they can see my baby. So her name is
• 1:26:53
  Speaker 4: Molly Moore, and I said, Okay, how do I go
• 1:26:55
  Speaker 4: back to my preschool teacher roots and come for the
• 1:26:58
  Speaker 4: babies and start teaching pre finance to education in a
• 1:27:00
  Speaker 4: way that's age appropriate. So for the last like forever years,
• 1:27:05
  Speaker 4: I've been working on this book and this character. So
• 1:27:08
  Speaker 4: it's gonna be the first of many of her series,
• 1:27:12
  Speaker 4: and it's called Happy Birthday Molly Moore. And this book
• 1:27:15
  Speaker 4: in particular teaches kids the difference between more and like
• 1:27:19
  Speaker 4: what truly does more mean more present, more stuff or
• 1:27:21
  Speaker 4: mere family, more friends. So at the end, because you know,
• 1:27:24
  Speaker 4: the teacher me like, I can't just like have a
• 1:27:26
  Speaker 4: book and it's like a cute book. At the back
• 1:27:29
  Speaker 4: of the book, I actually have like a section where
• 1:27:31
  Speaker 4: it's like extend the lesson questions and extend the lesson activities.
• 1:27:35
  Speaker 4: So you as a parent can read the book and
• 1:27:37
  Speaker 4: be like, Okay, how do I make sure that my
• 1:27:39
  Speaker 4: kid gets the lesson about what this book is supposed
• 1:27:42
  Speaker 4: to teach? So or if you're a teacher an educator,
• 1:27:44
  Speaker 4: You're like, oh, I don't feel like making a whole
• 1:27:46
  Speaker 4: lesson plan. You're in gots to girl. I did it
• 1:27:48
  Speaker 4: for you exactly for real, and I aligned it with like,
• 1:27:53
  Speaker 4: you know, state and federal standards on purpose, so that
• 1:27:55
  Speaker 4: way makes it easy for you. And so I'm just
• 1:27:57
  Speaker 4: so proud of it because it just is like me
• 1:27:59
  Speaker 4: going back to my roots. And yeah, so Molly Moore,
• 1:28:02
  Speaker 4: it's available at mollymore dot com. M A l I
• 1:28:05
  Speaker 4: m O r E. So I figured Molly, you know,
• 1:28:07
  Speaker 4: you think like, oh Molly, no, Molly, like the African
• 1:28:10
  Speaker 4: country and A L I.
• 1:28:12
  Speaker 6: That's the first that's the first thing I thought about.
• 1:28:14
  Speaker 4: What I thought Now, I was like, now her name
• 1:28:17
  Speaker 4: is Molly. And I did it on purpose because I
• 1:28:19
  Speaker 4: was like, Dora is just Spanish enough. So I was like, well,
• 1:28:22
  Speaker 4: how could I do that for my little black baby?
• 1:28:25
  Speaker 4: And so yeah, m A l I m O r E.
• 1:28:27
  Speaker 4: But I'm just really proud of her because it's just
• 1:28:28
  Speaker 4: it's been literally like over ten years in the making.
• 1:28:31
  Speaker 4: This book has been in my head and to have
• 1:28:33
  Speaker 4: this physically in front of me. We did a Kickstarter
• 1:28:36
  Speaker 4: and we raised like seventy five thousand dollars. I couldn't
• 1:28:38
  Speaker 4: even believe it in my damn self, almost double what
• 1:28:41
  Speaker 4: we were asking for. When I tell you already major
• 1:28:44
  Speaker 4: networks have reached out about turning her into a show.
• 1:28:46
  Speaker 3: Wow.
• 1:28:47
  Speaker 4: Yeah, it's crazy, you know when you really step in,
• 1:28:49
  Speaker 4: Like if I could leave anybody with anything, It's like, Yo,
• 1:28:52
  Speaker 4: there's nothing special about me except for my relentless pursuit
• 1:28:55
  Speaker 4: for excellence. I'm like, yo, it could always be better.
• 1:28:58
  Speaker 4: Everyone on my team is a freaking beast, so much
• 1:29:00
  Speaker 4: so I call them Unicorn Shout out to the Unicorn
• 1:29:02
  Speaker 4: Squad because they make magic happen every day. So like I,
• 1:29:07
  Speaker 4: I mean, I think I'm smart enough. I think everything
• 1:29:09
  Speaker 4: in me is like h enough, Like I'm smart enough,
• 1:29:11
  Speaker 4: like B plus smart, be smart. You know, I'm chill,
• 1:29:15
  Speaker 4: chill enough. You know I'm cute enough, you know, But
• 1:29:18
  Speaker 4: like what makes me sets me apart is like yo,
• 1:29:21
  Speaker 4: can't stop, won't stop, relentless pursuit of excellence. Though this
• 1:29:26
  Speaker 4: book is ten years in the making. Who works on
• 1:29:28
  Speaker 4: something for ten years? I do because it was going
• 1:29:30
  Speaker 4: to be right And as soon as I open the floodgates.
• 1:29:33
  Speaker 4: If I tell you some of your faves have reached out,
• 1:29:35
  Speaker 4: Like I got a production company I would love for
• 1:29:37
  Speaker 4: Molly Moore. Yo. When I just posted the screenshot, book
• 1:29:40
  Speaker 4: wasn't even printed yet, already had like three deals on
• 1:29:42
  Speaker 4: a table. I'm like, what so I if I can
• 1:29:46
  Speaker 4: leave you with anything?
• 1:29:47
  Speaker 7: Is that?
• 1:29:47
  Speaker 4: Like yo? The relentless pursuit of excellence. And it's not
• 1:29:50
  Speaker 4: about killing yourself. It's about daily deposits. What is it
• 1:29:54
  Speaker 4: that you want out of life? Write that mess down
• 1:29:57
  Speaker 4: and deposit into your dream band daily, like, oh you
• 1:30:02
  Speaker 4: know I want I want a business? Okay, did you
• 1:30:03
  Speaker 4: do your Google search today? Did you read? Did you
• 1:30:05
  Speaker 4: listen to earn your leisure today? Did you read a book?
• 1:30:08
  Speaker 4: You know? Every day depositing something into your goals and
• 1:30:12
  Speaker 4: dreams and the sky is a freaking limit, like yo,
• 1:30:15
  Speaker 4: some of the things I've been able to accomplish you.
• 1:30:17
  Speaker 4: I used to be a preschool teacher ten years ago.
• 1:30:18
  Speaker 4: I was wiping butts during this time, right, And now
• 1:30:21
  Speaker 4: you know I could pay somebody to wipe my butt if.
• 1:30:23
  Speaker 8: I wanted to.
• 1:30:25
  Speaker 6: That's an option.
• 1:30:27
  Speaker 3: Everything's on the table.
• 1:30:31
  Speaker 4: Have you got the cash? Right?
• 1:30:32
  Speaker 6: Teddy said that everybody's got price.
• 1:30:35
  Speaker 2: Somebody gotta be Virgil learned that in the eighties that
• 1:30:42
  Speaker 2: fact eighties babies for real. Troy housekeeping eye on me.
• 1:30:48
  Speaker 7: Yeah, man, shout out to everybody on patreon dot com.
• 1:30:51
  Speaker 7: Big shout out to our newest member, Anthony. He said,
• 1:30:53
  Speaker 7: listen to Troy. Can you do me a favor? Let
• 1:30:55
  Speaker 7: the world know that I came to Patreon because of Janet,
• 1:30:58
  Speaker 7: who was part of Ernia Leeza Universe. She is an
• 1:31:01
  Speaker 7: outstanding contributor to e y l U. So shout out
• 1:31:05
  Speaker 7: to Janet for recommending Anthony, and welcome to the family, Anthony.
• 1:31:08
  Speaker 7: That's our proud to pay program. We have a bunch
• 1:31:10
  Speaker 7: of tiers that you can join that and some of
• 1:31:12
  Speaker 7: those tiers lead you to e y l u. And
• 1:31:13
  Speaker 7: they also lead you to our private real estate real
• 1:31:15
  Speaker 7: estate uh Facebook group who was which is headed by
• 1:31:18
  Speaker 7: our brother MG the mortgage guys.
• 1:31:20
  Speaker 3: Shout out to him. Yeah, that group is I mean,
• 1:31:23
  Speaker 3: I can't even with a number.
• 1:31:25
  Speaker 5: We should do some kind of collapse. We got EYO
• 1:31:27
  Speaker 5: University in a private real estate group on Facebook. I
• 1:31:29
  Speaker 5: know you got obviously you know the whole movement. Yeah,
• 1:31:32
  Speaker 5: we'll talk.
• 1:31:33
  Speaker 3: Yeah, that would be that would be crazy. Yeah, the
• 1:31:36
  Speaker 3: community is growing.
• 1:31:37
  Speaker 7: At a vast, very fast race and uh shout everybody
• 1:31:42
  Speaker 7: that is purchasing the merch like the merchant is flying
• 1:31:44
  Speaker 7: like out the slows right now. So everybody that's been
• 1:31:47
  Speaker 7: supporting that, we appreciate it. We got our Market Mondays
• 1:31:50
  Speaker 7: coming out the shirts and we got our earner shirts
• 1:31:53
  Speaker 7: coming out.
• 1:31:53
  Speaker 3: Shout to our.
• 1:31:54
  Speaker 5: Group market market Mondays, the hottest stock show on the world,
• 1:31:58
  Speaker 5: in the community in the world.
• 1:32:00
  Speaker 6: It's not the community in the world.
• 1:32:03
  Speaker 4: Heavyweight champion of the world.
• 1:32:04
  Speaker 3: You know what, You're right. I apologize, we're taking it
• 1:32:08
  Speaker 3: every community.
• 1:32:10
  Speaker 5: But yeah, every Monday a PM Easter Standard time, exclusively
• 1:32:14
  Speaker 5: on our YouTube channel. Shot out to Ian Dunlap master investor.
• 1:32:17
  Speaker 5: That's picking up so much team, it's crazy.
• 1:32:20
  Speaker 3: Every week we set a new record of attendance for sure.
• 1:32:23
  Speaker 5: So once again, guys, thank you for rocking with us.
• 1:32:26
  Speaker 5: We appreciate it. See you next week.
• 1:32:27
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