Latest / Motion and Success / $30,000 in Debt to $100,000 Saved in 12 Months — Her Exact Budget Plan | Dr. Katera Kennon

Transcript

$30,000 in Debt to $100,000 Saved in 12 Months — Her Exact Budget Plan | Dr. Katera Kennon · Motion and Success

• 0:00
  [SPEAKER_00]: My credit card there was 30,000.
• 0:01
  [SPEAKER_00]: 30,000.
• 0:02
  [SPEAKER_00]: I was living above my knees.
• 0:04
  [SPEAKER_00]: I was shard and stuff that I couldn't afford.
• 0:06
  [SPEAKER_00]: And it took me about almost four years to pay it off.
• 0:09
  [SPEAKER_00]: Hello everyone.
• 0:10
  [SPEAKER_00]: My name is Dr. Cossera Kinnon.
• 0:12
  [SPEAKER_00]: I am a pharmacist, a real estate investor, and a budget analyst.
• 0:16
  [SPEAKER_00]: I applied several times to get into pharmacy school.
• 0:19
  [SPEAKER_00]: Every time I applied, I would get a rejection letter.
• 0:21
  [SPEAKER_00]: So my faith hit rock bottom at one point.
• 0:23
  [SPEAKER_00]: I remember crying in my closet several times.
• 0:26
  [SPEAKER_00]: With my mom, she worked for a company on for 24 years and she got laid off.
• 0:31
  [SPEAKER_00]: She suffered severe depression, which led to dementia and then she ended up passing away at 58 years old.
• 0:36
  [SPEAKER_00]: So she came to my graduation.
• 0:38
  [SPEAKER_00]: But she didn't know me.
• 0:39
  [SPEAKER_00]: And hindsight, you know, that experience taught me that a job is in care and see, you need to have a clean and be.
• 0:45
  [SPEAKER_00]: I was making $12 an hour as a pharmacy tech.
• 0:48
  [SPEAKER_00]: And I knew making that amount of money, I wouldn't be able to take care of my door.
• 0:52
  [SPEAKER_00]: I didn't want to raise her on Section 8.
• 0:54
  [SPEAKER_00]: our food stamps and I'm making six figures at this point and so I set up that system and I dug to my system and then I saw my savings grow.
• 1:02
  [SPEAKER_00]: I saw it go from zero to a thousand to three thousands to five thousand to ten thousand and one of my coworkers was like how do you have $160,000 say I bought my first and then my property cash?
• 1:13
  [SPEAKER_00]: and it was 72,000 for that.
• 1:16
  [SPEAKER_02]: We're going over exactly how to get debt free, how to be able to start saving more money, and actually winning the rat race.
• 1:24
  [SPEAKER_04]: Get your finances, right?
• 1:25
  [SPEAKER_04]: This is 2026, yeah.
• 1:27
  [SPEAKER_04]: Before we get into this amazing episode, I'm calling all business owners, coaches, entrepreneurs who got a great product or a service, but guess what?
• 1:36
  [SPEAKER_04]: You're having a hard time selling it.
• 1:37
  [SPEAKER_04]: You aren't getting any leads.
• 1:38
  [SPEAKER_04]: Your calendar is dried up.
• 1:40
  [SPEAKER_04]: Podcasting is the tool you need.
• 1:42
  [SPEAKER_04]: It's a 24-7 organic lead machine that you need to have in your business.
• 1:47
  [SPEAKER_02]: Absolutely.
• 1:48
  [SPEAKER_02]: Having a marketing plan, some kind of way on how to find your clients within your business is the most important way on how you're going to be able to grow and hit all your financial goals.
• 1:57
  [SPEAKER_02]: Whether your goal is 100,000 dollars.
• 1:59
  [SPEAKER_02]: Well, there you go, it's $500,000 or even a million dollars plus you need more eyeballs.
• 2:05
  [SPEAKER_02]: A lot of people are finding that adds a way too expensive for their budget.
• 2:09
  [SPEAKER_02]: Also, another problem is a lot of people are over relying on other people to grow their business.
• 2:16
  [SPEAKER_02]: So I'm talking about word or mouth and referrals.
• 2:18
  [SPEAKER_02]: Those are not reliable strategies on how you're going to grow your business.
• 2:21
  [SPEAKER_02]: If you want to learn exactly how to market your business and be seen by millions of top of millions of people, go ahead and click the link down below.
• 2:28
  [SPEAKER_02]: I want to invite you guys to our Masterclass, where we're showing you strategies on how we was able to grow a huge platform within less than two years with over 300,000 plus followers across all channels.
• 2:40
  [SPEAKER_02]: If you're looking to learn how to market your business and be seen by your dream clients, join us in this Masterclass, enjoy the rest of this episode because this one is going to be a banger.
• 2:49
  [SPEAKER_02]: All right, she also welcome back to another episode of Motion in Success.
• 2:52
  [SPEAKER_02]: Listen, guys, my name is Cody Brown.
• 2:53
  [SPEAKER_02]: I got my coals from me today.
• 2:55
  [SPEAKER_04]: It's Iowa and look, we're back with another amazing episode.
• 2:59
  [SPEAKER_04]: Another episode that's going to be jam packed with a lot of value.
• 3:02
  [SPEAKER_02]: I agree, where I cannot disagree with that statement, bro.
• 3:06
  [SPEAKER_02]: So today is going to be a podcast where we're going over exactly how to get debt free, how to be able to start saving more money.
• 3:12
  [SPEAKER_02]: And actually winning the rat race because a lot of times is our biggest promise we have so much debt we have so much overhead and we're not able to start saving, we're not able to have enough money for investing and actually starting to increase our income.
• 3:27
  [SPEAKER_02]: So now, if you want to learn exactly how to go out there, start knocking out your credit card debt and really start having a changing your lifestyle, this is the podcast that you have to tune into from the start all the way until the time where we say, hey listen, I catch you guys on the next podcast episode.
• 3:43
  [SPEAKER_02]: So for today, we have another special guest that we're getting ready to interview her name is Dr. Catera.
• 3:50
  [SPEAKER_02]: So Dr. Catera, go ahead, introduce yourself, tell the people who you are, and we can get started from there.
• 3:56
  [SPEAKER_00]: Hello, everyone.
• 3:57
  [SPEAKER_00]: My name is Dr. Kaseera Kenan.
• 3:59
  [SPEAKER_00]: I am a pharmacist, a real estate investor, and a budget analyst.
• 4:03
  [SPEAKER_02]: Mm-hmm.
• 4:04
  [SPEAKER_02]: Nice.
• 4:04
  [SPEAKER_02]: So for the people that are here right now, if you guys are business owners, you guys are looking to grow your business, but you have everything you're doing manually.
• 4:12
  [SPEAKER_02]: You can't really keep up with your business.
• 4:14
  [SPEAKER_02]: You need something called systems.
• 4:17
  [SPEAKER_02]: Systems basically stands for save yourself time, energy, and money.
• 4:21
  [SPEAKER_02]: So now what we went ahead and did was as business owners and podcasters, we've realized that there's a lot of different things when it comes to marketing.
• 4:29
  [SPEAKER_02]: text messages, email campaigns, booking calendars, fundals, websites, everything.
• 4:34
  [SPEAKER_02]: So we went ahead and tested a software called Go High Level.
• 4:38
  [SPEAKER_02]: Go High Level was basically a software that helps you out to organize your entire business.
• 4:43
  [SPEAKER_02]: So if you guys want to free course on how to organize your business and start using systems, go ahead and text to where a GHL to the phone number 6466240611.
• 4:55
  [SPEAKER_02]: And I'll send that over to you guys very quickly.
• 4:58
  [SPEAKER_02]: So, Godhead Bro, you can kick us off, man, and we can get started from there.
• 5:02
  [SPEAKER_04]: Yeah, definitely.
• 5:03
  [SPEAKER_04]: I do want to jump into the backstory, Dr. Goodtera.
• 5:07
  [SPEAKER_04]: So, like, how was life growing up off camera?
• 5:11
  [SPEAKER_04]: You know, I heard a little bit about it, but tell us about why you wanted to jump into that field of becoming a doctor, being in the pharmacy field, like, what made you want to do it?
• 5:25
  [SPEAKER_00]: Well, I grew up in a two-parent half-hole.
• 5:27
  [SPEAKER_00]: Both of my parents always had good jobs.
• 5:30
  [SPEAKER_00]: And so we were taught to always go to school and get a good career, get a good job.
• 5:34
  [SPEAKER_00]: So I didn't really know I wanted to pursue pharmacy.
• 5:38
  [SPEAKER_00]: I knew I wanted to do something in the healthcare field.
• 5:40
  [SPEAKER_00]: I just didn't know what.
• 5:41
  [SPEAKER_00]: I didn't know I didn't want to be a nurse because my stomach isn't strong enough for that.
• 5:45
  [SPEAKER_00]: So what I did was I went and applied for a technician job at CVS, and I worked there as a pharmacy tape for a year, just to see if I like the NFL and the, and so that's when I knew pharmacy was the career I wanted to pursue.
• 6:02
  [SPEAKER_04]: What are some obstacles you faced along like trying to become a pharmacist?
• 6:06
  [SPEAKER_04]: Because I know it's not easy.
• 6:08
  [SPEAKER_00]: So, to become a pharmacist, you have to take a test what's called the P.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C.C
• 6:24
  [SPEAKER_00]: I tell everybody I applied three times, but it was actually more than that, maybe like five or six times.
• 6:30
  [SPEAKER_00]: And it was very discouraging because every time you apply, you have to pay.
• 6:33
  [SPEAKER_00]: And so every time I applied, I would get a rejection letter.
• 6:37
  [SPEAKER_00]: So my say did hit rock bottom at one point.
• 6:39
  [SPEAKER_00]: I remember crying in my closet several times.
• 6:42
  [SPEAKER_00]: And I actually took one of my rejection letters the one time.
• 6:45
  [SPEAKER_00]: And I prayed and I said, God, you know, regardless of what the circumstance is.
• 6:49
  [SPEAKER_00]: Regardless of what this letter says, I trust you.
• 6:53
  [SPEAKER_00]: I eventually ended up getting accepted into a school in Savannah, Georgia, where I pursued my pharmacy career as well as I was working on my NBA at the same time.
• 7:02
  [SPEAKER_00]: So it was an accelerated program.
• 7:03
  [SPEAKER_00]: Most farms in schools are four years.
• 7:05
  [SPEAKER_00]: My program was three years where we would go year round, I didn't get the long summer break like everybody else.
• 7:10
  [SPEAKER_00]: So I had to mess the sacrifice to provide a better life for me in my child.
• 7:15
  [SPEAKER_00]: What's up everyone?
• 7:17
  [SPEAKER_00]: My name is Dr. Catera Kenan.
• 7:19
  [SPEAKER_00]: If you want to learn how I went from having $30,000 in credit card debt to saving over six figures, go to my website when you save and take needs.com.
• 7:27
  [SPEAKER_00]: Now back to the episode.
• 7:29
  [SPEAKER_04]: So so that was kind of like the the motivated factor that kept you going because a lot of times a lot of people you know after three times a lot is like forget it like I'm gonna just go to some mouse.
• 7:40
  [SPEAKER_02]: Or even change career.
• 7:41
  [SPEAKER_02]: Yeah, we could hold 360.
• 7:43
  [SPEAKER_04]: Yeah, so like what that like what motivated you to just keep going because a lot would it gave up honestly.
• 7:52
  [SPEAKER_00]: My child, my daughter, I was making $12 an hour as a pharmacy take and I knew making that amount of money.
• 7:58
  [SPEAKER_00]: I wouldn't be able to take care of her.
• 8:00
  [SPEAKER_00]: I didn't want to raise her on section eight or food stamps.
• 8:03
  [SPEAKER_00]: I mean, it's nothing wrong with it and you can use that as a separate song.
• 8:06
  [SPEAKER_00]: But I wasn't raised on that.
• 8:08
  [SPEAKER_00]: My parents, I always had good jobs.
• 8:09
  [SPEAKER_00]: So I don't know what it's like to be on section eight or food stamps or anything like that.
• 8:13
  [SPEAKER_00]: So I didn't want to start a cycle from my daughter that I wasn't raised on and also just being able to provide a bit of life for us.
• 8:21
  [SPEAKER_00]: That was very important to me.
• 8:23
  [SPEAKER_04]: So during this journey, like, like, how did your parents feel because, like, you know, like, like, where they kind of like, behind your passion, like, to to get a career, being that, you know, I'm pretty sure both was working class, like, how much did they push you to accomplish in that go as well.
• 8:45
  [SPEAKER_00]: They pushed me a lot, definitely my mom.
• 8:47
  [SPEAKER_00]: She had multiple degrees as well.
• 8:49
  [SPEAKER_00]: So she was big on going to school.
• 8:51
  [SPEAKER_00]: So she was one of my biggest supporters of a big advocate of me for still in my pharmacy career.
• 8:56
  [SPEAKER_00]: So she definitely pushed me even when she even paid for courses for me to take to actually do better on the P.C.
• 9:03
  [SPEAKER_00]: So she pushed me a lot and she was a big advocate of me for still in my career.
• 9:08
  [SPEAKER_04]: And when it comes because, you know, off camera, you know, you definitely told us a little bit about your mom and how much of an impact she had.
• 9:17
  [SPEAKER_04]: Could you tell us a little bit about, you know, about her and like, you know, like the sacrifice that she made and what she kind of went through.
• 9:27
  [SPEAKER_00]: So with my mom, she worked for a company on for 24 years and she got laid off.
• 9:35
  [SPEAKER_00]: When she got laid off, when I say she tanked, she tanked.
• 9:38
  [SPEAKER_00]: She suffered severe depression, which led to dementia and then she ended up passing away at 58 years old.
• 9:45
  [SPEAKER_00]: And high-sight, you know, that experience taught me that a job is in guarantee.
• 9:50
  [SPEAKER_00]: You need to have a plan B.
• 9:52
  [SPEAKER_00]: And
• 9:53
  [SPEAKER_00]: her finances, she was the high earner on her job, so clearly her finances weren't in order, because in my opinion, you wouldn't have tanked the way you did because if you would have to help the savings or a backup plan, you would have been okay with losing a job.
• 10:08
  [SPEAKER_00]: I was very angry at her for a moment because I'm like you have three degrees, you have multiple degrees, you can go find another job.
• 10:14
  [SPEAKER_00]: I don't know if she felt like it was her age, you know, she couldn't get another
• 10:20
  [SPEAKER_00]: You don't think someone will hire you at that age, but I was very, very angry with her about that because I'm like, why would you let a job take you out like that?
• 10:31
  [SPEAKER_00]: Um, and so just seeing her deteriorate was, it was devastating because it was to the point where she didn't know who I was.
• 10:37
  [SPEAKER_00]: She didn't know who her kids were.
• 10:39
  [SPEAKER_00]: She didn't know who her grandkids were.
• 10:40
  [SPEAKER_00]: She forgot how to cook.
• 10:42
  [SPEAKER_00]: She forgot how to drive.
• 10:43
  [SPEAKER_00]: If you, uh,
• 10:47
  [SPEAKER_00]: We took her to the doctor one time and the doctor did an assessment of her.
• 10:51
  [SPEAKER_00]: He asked her several questions like who's the president of the United States.
• 10:54
  [SPEAKER_00]: He pointed so she didn't know.
• 10:55
  [SPEAKER_00]: He pointed to her wrist and it was a watch.
• 10:57
  [SPEAKER_00]: He said what's that on your wrist and she said she didn't know.
• 11:00
  [SPEAKER_00]: So her memory literally
• 11:03
  [SPEAKER_00]: it was horrible.
• 11:05
  [SPEAKER_00]: And then when I graduated from pharmacy school, my sister brought her up there to my graduation and I remember my sister telling her in hotel room, we're here Georgia.
• 11:15
  [SPEAKER_00]: You're young and storage graduating.
• 11:16
  [SPEAKER_00]: She's getting her doctor.
• 11:17
  [SPEAKER_00]: We didn't inform and see and she didn't even know why she was there.
• 11:19
  [SPEAKER_00]: So she came to my graduation, but she didn't know me.
• 11:22
  [SPEAKER_00]: She couldn't scream for me when I walked across the stage or anything.
• 11:26
  [SPEAKER_00]: She was just there.
• 11:27
  [SPEAKER_00]: So that was that was devastating because she was my biggest supporter.
• 11:31
  [SPEAKER_00]: And so
• 11:32
  [SPEAKER_00]: that was that was very hurtful.
• 11:34
  [SPEAKER_04]: Well it kind of makes me think back to you know a lot of people who you know they have been working in non-of-five like because imagine you waking up every day at a certain time you leave and work at a certain time for years on years on years it starts to kind of get like robotic and then without it it's like
• 11:52
  [SPEAKER_04]: it feels a little empty, but, you know, it kind of, it kind of shows why some people deteriorate after even retirement, you know?
• 12:02
  [SPEAKER_00]: So, like, what are some things that you noticed about her, like, when she stopped working, like, like, did she have any hobbies, like, me to keep her busy, or was it, like, she loved work, she loved doing projects, like, especially if it was, like, business related, like, she loved doing work.
• 12:22
  [SPEAKER_00]: Um, so just seeing her not being able to just do normal things, like cook, uh, clean, just get lost when she drove like that was, that was, that was tough.
• 12:34
  [SPEAKER_04]: Yeah, yeah, that's that definitely was scary.
• 12:38
  [SPEAKER_04]: Um, so from, from, from this journey and from, from that experience seeing him, I'm in that condition like you said it kind of impacted you and made you think about
• 12:52
  [SPEAKER_00]: getting my finances in order.
• 12:54
  [SPEAKER_00]: That was a major part having a savings, having a stash for a rainy day.
• 12:59
  [SPEAKER_00]: My goal was if I were to get laid off, I can be able to live off of my savings and pay my bills without going into a panic.
• 13:07
  [SPEAKER_00]: So that was very important to me.
• 13:09
  [SPEAKER_04]: So, what is some like, graduated pharmacy school, you know, you probably had to hide the highs right now, um, what are some things that, you know, that that you had to get right, you know, once you, once you got the job, like.
• 13:25
  [SPEAKER_00]: So, once I got, uh, well, once I graduated, um, you were answering for a certain amount of time until you actually pass your board to be a licensed pharmacist, so then once I passed my board and I'm making six figures
• 13:38
  [SPEAKER_00]: I realized I had to get my finances in order because I was still living paycheck to paycheck.
• 13:43
  [SPEAKER_00]: I didn't have any money saved.
• 13:44
  [SPEAKER_00]: Well, and I said if something happened, I'm going to have to call my dad or of my sisters to borrow money and to me that's crazy.
• 13:50
  [SPEAKER_00]: I'm making more money than them.
• 13:51
  [SPEAKER_00]: So why should I be calling them asking them for money?
• 13:54
  [SPEAKER_00]: And so when I came to that realization, I remember what my mom did one day I walked into her office and she had an excel sheet on her computer screen and I just casually walked in to get something and on the excel sheet she had all the per bills and then the dates they were due.
• 14:09
  [SPEAKER_00]: So what I said was I said, okay, well, I'm going to take what she did, I'm going to apply that to my situation, but I'm just going to tweak it a little bit.
• 14:14
  [SPEAKER_00]: I'm going to add a row for my savings and then I'm going to make sure my bills align with when I get paid.
• 14:20
  [SPEAKER_00]: So my bills are being paid late.
• 14:21
  [SPEAKER_00]: And so I set up that system.
• 14:23
  [SPEAKER_00]: I would literally write all of my bills.
• 14:26
  [SPEAKER_00]: You know, when I got paid right out all of my bills at the savings line and then whatever, I then I said, gave myself an allowance, which is essentially
• 14:35
  [SPEAKER_00]: What I can live off of until I pay myself again.
• 14:37
  [SPEAKER_00]: So everybody along with this is different.
• 14:39
  [SPEAKER_00]: Your allowance may not be my allowance, because we have different obligations.
• 14:42
  [SPEAKER_00]: And so I said, that's the sum up.
• 14:44
  [SPEAKER_00]: And then I saw my savings grow.
• 14:46
  [SPEAKER_00]: I saw it go from zero to a thousand to three thousand to five thousand to ten thousand.
• 14:51
  [SPEAKER_00]: So I saw it gradually increases the line new.
• 14:54
  [SPEAKER_00]: It was something that was working for me.
• 14:55
  [SPEAKER_04]: Sorry to break this amazing episode.
• 14:57
  [SPEAKER_04]: I just have to let you guys know.
• 14:59
  [SPEAKER_04]: The best tool for marketing in 2025 is podcasting.
• 15:03
  [SPEAKER_04]: Listen, it transformed our lives.
• 15:05
  [SPEAKER_04]: Across all platforms, we was able to hate 15 million plus people.
• 15:09
  [SPEAKER_04]: Imagine what it did for our business.
• 15:11
  [SPEAKER_04]: To mention, we also have some notable likes, just through podcasting.
• 15:15
  [SPEAKER_04]: People like you same boat, the way in weight, Kevin Garnet, Steven A. Smith,
• 15:21
  [SPEAKER_02]: Queen Latifa.
• 15:22
  [SPEAKER_02]: But more importantly, having engagement by your dream clients is probably the most important thing that will move the needle for you and your business.
• 15:30
  [SPEAKER_02]: So what we want to teach you is exactly how to go out and start creating an amazing content that will find your dream audience to go ahead and start paying you for your products and your services.
• 15:40
  [SPEAKER_02]: If you want to be able to learn exactly how to build up an audience and build up a brand online,
• 15:45
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• 15:49
  [SPEAKER_02]: What I want to do is invite you guys to our next free masterclass, where we're showing you exactly how you can start taking your content and being seen online by your dream clients.
• 15:58
  [SPEAKER_02]: And possibly some celebrities as well.
• 16:01
  [SPEAKER_02]: Go ahead and click the link down below.
• 16:03
  [SPEAKER_02]: And I'm gonna see you guys in that next masterclass.
• 16:05
  [SPEAKER_02]: And then for you, you got started in your journey because you had
• 16:10
  [SPEAKER_02]: you know, some overbearing credit card debt, you know, like, like, how was like your journey getting into, you know, learning how to budget, learning how to save, learn how to cut back, learning how to be mentally disciplined when it comes to money.
• 16:25
  [SPEAKER_00]: So one of the things I did personally was I consolidated all of my credit cards because I had so many credit cards.
• 16:31
  [SPEAKER_00]: The story is secret Walmart, HH grade, this, but I had all of these credit cards, and I was just charging charging, just hoping I could make the minimum payment whenever I get my bill.
• 16:41
  [SPEAKER_00]: So I consolidated them all, and then I made one payment a month to the credit cards.
• 16:47
  [SPEAKER_00]: I ended up paying it off early.
• 16:48
  [SPEAKER_00]: Um, but that was the major key for me, everyone's different and then I just didn't get any credit cards until I took care of the debt that I owe because that's the one thing we do a lot.
• 16:59
  [SPEAKER_00]: We, some people consolidate and then they're filling up getting credit cards.
• 17:02
  [SPEAKER_00]: So you're it's like a vicious cycle.
• 17:04
  [SPEAKER_00]: You're still going to be it because you're still charging on the new car.
• 17:14
  [SPEAKER_02]: So like what was that journey like what was the amount of that that you were in like how long did it take you to go out there and really knock it down and actually get back to zero It started building up a savings like like what's the note like you know how did things look like on that So my credit card day was 30,000
• 17:33
  [SPEAKER_00]: 30,000 and I had accumulated that over the years and it forms in school.
• 17:37
  [SPEAKER_00]: I was living above my means.
• 17:39
  [SPEAKER_00]: I was charged and stuff that I couldn't afford.
• 17:41
  [SPEAKER_00]: And it took me about three and a half almost four years to pay it off.
• 17:46
  [SPEAKER_00]: And then once I paid it off, I stuffed to my system and I just kept saving and saving and saving.
• 17:53
  [SPEAKER_02]: Yeah, and then how much did you eventually ended up saving up for?
• 17:57
  [SPEAKER_02]: Like two, let me.
• 17:58
  [SPEAKER_00]: Well, eventually my goal was to save $100,000 and I reached that, it back in 2022.
• 18:06
  [SPEAKER_00]: Wow.
• 18:07
  [SPEAKER_00]: Joe in the 2022.
• 18:08
  [SPEAKER_04]: What was like the hustle, because to get to that point, I know.
• 18:13
  [SPEAKER_04]: A lot of your time must have been spent somewhere doing some, like,
• 18:17
  [SPEAKER_00]: I would work a lot of OEM and then if it was something that I didn't really need in that entity.
• 18:24
  [SPEAKER_00]: And I killed my car.
• 18:26
  [SPEAKER_00]: Like, okay, I'm making this salary.
• 18:28
  [SPEAKER_00]: And I can go by and restate it.
• 18:29
  [SPEAKER_00]: I can go by my dream car.
• 18:30
  [SPEAKER_00]: But what I did was I wanted to knock down my debt.
• 18:33
  [SPEAKER_00]: I still drove my Nissan Morano, two thousand little Nissan Morano.
• 18:37
  [SPEAKER_00]: And so I felt comfortable purchasing something.
• 18:40
  [SPEAKER_00]: You know, I didn't want to have buyers remorse.
• 18:42
  [SPEAKER_00]: But if I had
• 18:52
  [SPEAKER_04]: Even like today like most of the time when people get that first six-figure job, what do they go get the bends?
• 18:57
  [SPEAKER_04]: This car like I feel like the bends dealership non-times out of ten know somebody who just graduated Who just got their first job is coming in yeah to get that car and a lot of times Well, people don't realize is the car payments is just gonna keep you working.
• 19:11
  [SPEAKER_04]: It's gonna make you do the over times make you yeah really like Really really physically work
• 19:18
  [SPEAKER_04]: And it kind of, it kind of shows that it's really hard to, you know, society makes it really hard for people to, like, you all gotta take a step back.
• 19:28
  [SPEAKER_04]: You know?
• 19:29
  [SPEAKER_04]: I think I, I don't gotta look a certain way, you know?
• 19:32
  [SPEAKER_04]: So how was that, like, did you feel any pressure, like, damn, people might see me, you know?
• 19:39
  [SPEAKER_04]: I just graduated out of six figure job, people might see me driving them out.
• 19:42
  [SPEAKER_00]: I actually had family members that said, hey, if you're making this amount of money, like as if I was lying about my career, if you're making this amount of money, why are you dropping any sun?
• 19:52
  [SPEAKER_00]: I mean, I have obligations I want to get out of debt.
• 19:54
  [SPEAKER_00]: I have my priorities in order.
• 19:56
  [SPEAKER_00]: I don't want to go buy a car that I really can't afford right now, because then I'll be back what I'm trying to get out of, so that defeats the purpose.
• 20:03
  [SPEAKER_00]: So my biggest thing is running your own race and worrying about yourself.
• 20:08
  [SPEAKER_00]: I'm not trying to keep up with the Joneses.
• 20:09
  [SPEAKER_00]: You may have these levels lifestyle, but you may be broke.
• 20:13
  [SPEAKER_00]: You know, and I say that because I talk to a lender that has actually told me there are people that make five at 10 times more than you, and you have more money saved than them.
• 20:22
  [SPEAKER_00]: And actually I have coworkers that have been in a pharmacy longer than I have, and one of my coworkers was like, how do you have at this time?
• 20:29
  [SPEAKER_00]: How do you have $160,000 saved?
• 20:30
  [SPEAKER_00]: And you've been the pharmacist long been to me, so you should have that saved.
• 20:39
  [SPEAKER_00]: It's all about structure and just running your own race, not trying to keep up with somebody else.
• 20:45
  [SPEAKER_00]: That's what it is.
• 20:46
  [SPEAKER_02]: That's what it is.
• 20:51
  [SPEAKER_02]: I've heard a thing too, where it's like, you know, if I can buy some two, three times, I'm not buying it.
• 20:56
  [SPEAKER_02]: Is that like a philosophy you live by, too?
• 20:59
  [SPEAKER_02]: Yeah.
• 20:59
  [SPEAKER_02]: Yeah.
• 21:00
  [SPEAKER_02]: Like, what's it?
• 21:01
  [SPEAKER_02]: Is it like three times or like?
• 21:02
  [SPEAKER_00]: It's not three.
• 21:03
  [SPEAKER_00]: If my biggest thing is, if I have virus remorse, or if I regret,
• 21:07
  [SPEAKER_00]: Bye and get, or I'm like, oh, I got to pay this.
• 21:09
  [SPEAKER_00]: I got to pay this company every month.
• 21:11
  [SPEAKER_00]: Like, when I bought my car, I never felt like, oh, man, I got to pay this car, pay me.
• 21:15
  [SPEAKER_00]: I never felt like that.
• 21:16
  [SPEAKER_00]: I actually paid it off early.
• 21:17
  [SPEAKER_00]: Like, and you're not early.
• 21:18
  [SPEAKER_00]: So if you feel like that, then you should buy it.
• 21:22
  [SPEAKER_00]: So even if it's a bag or shoes or whatever, you know, designer items, if I can't purchase it comfortably, or I wish I would have bought it, then I don't buy it all.
• 21:30
  [SPEAKER_02]: Right.
• 21:32
  [SPEAKER_02]: Yeah, that's that's so true.
• 21:34
  [SPEAKER_02]: Yeah, you know everything because like I've seen it like I've heard dudes where they go out by BMW because like in New York like that's like that's almost a thing you got It's funny because you guys do this in the early 20s and they're dating girls and you're like, you like how are you like afford this expensive as BMW you work at this job and then they like
• 21:59
  [SPEAKER_02]: oh you don't pay no bills you don't do this you don't do that that's why you're able to put all your money into the car like some people early get a car and next thing you know they're going to start doing Uber Eats and Door Dash like uh
• 22:13
  [SPEAKER_04]: Right, right, it's crazy and it's kind of well and then even like now I'm hearing that Did it like now it's like you could finance anything like that's how bad people don't have cash right now Like I heard people was even finance and like when I heard there was finance and Super Bowl tickets Concert tickets so now everything is pretty much on finance So it tells you kind of like how the world is right now.
• 22:39
  [SPEAKER_04]: It's really bad
• 22:40
  [SPEAKER_02]: And you know what's so crazy.
• 22:41
  [SPEAKER_02]: No, I think there's a stat out they said in 2025 That was the biggest year of people taking up Clarna after the May by now pay later like they're putting Everything on by now pay later affirm Clarna after paying says or whatever it is and like literally people are financing everything
• 23:05
  [SPEAKER_04]: How big has cash like helped you, like, you know, especially when opportunities presented self, like how big does having cash on him, like, how is that?
• 23:14
  [SPEAKER_00]: So when I reached my 100K, the first thing I did was I bought my first in Disney Property Cash.
• 23:20
  [SPEAKER_00]: And it was 70 to thousand for the house.
• 23:23
  [SPEAKER_00]: So I paid for it cash.
• 23:24
  [SPEAKER_00]: And then what I did was I took a loan out to do the rehab.
• 23:28
  [SPEAKER_00]: I did a rehab on it.
• 23:30
  [SPEAKER_00]: And then I ended up using the home for a coupon.
• 23:33
  [SPEAKER_00]: Um, so that's how it helped me because now I earn passive income off of that.
• 23:38
  [SPEAKER_00]: Um, then I'll save again.
• 23:40
  [SPEAKER_00]: And then when opportunity presents itself, I'll run the play again.
• 23:43
  [SPEAKER_00]: So I bought another house.
• 23:44
  [SPEAKER_00]: Yeah.
• 23:44
  [SPEAKER_00]: I bought land where I built the house, uh, the new construction home and so did.
• 23:50
  [SPEAKER_00]: Um, I did that with that last year.
• 23:52
  [SPEAKER_00]: Yeah, that was my first new build construction.
• 23:53
  [SPEAKER_00]: But I bought the land cash.
• 23:55
  [SPEAKER_00]: Got the house built to got hard buddy loan for that.
• 23:58
  [SPEAKER_00]: Got the house built and so did.
• 23:59
  [SPEAKER_00]: So it's helped me, you know, earn passive income and be prepared for opportunities.
• 24:03
  [SPEAKER_02]: Does it ever like you know going through a situation does it ever feel like an emotional attachment like yo I've worked so hard the amount of over time out and did just for it to have a hundred thousand dollars in here Like you may see opportunity you know is green you know it checks off and like you just may not do it Cause I
• 24:22
  [SPEAKER_02]: I don't want my account to go under a hundred thousand because like I could like just hearing it like you say you saved up a hundred thousand dollars and then you bought your first property for Family two thousand dollars and now it's like shit
• 24:36
  [SPEAKER_00]: So I was strategic about it.
• 24:39
  [SPEAKER_00]: So I bought the house, I did the rehab, I did a refinance to pull my money back out.
• 24:46
  [SPEAKER_00]: And now now that passive income is paying that mortgage, like I read my house per room, like I have, you know, foster girls in there, right?
• 24:55
  [SPEAKER_00]: So,
• 24:56
  [SPEAKER_00]: I make more money doing it that way.
• 24:58
  [SPEAKER_00]: So I get passive income and I'm not paying my mortgage.
• 25:02
  [SPEAKER_00]: The income needs.
• 25:03
  [SPEAKER_00]: So now I'm able to take that money out from refinance, running another play.
• 25:08
  [SPEAKER_02]: Right.
• 25:09
  [SPEAKER_00]: We keep the cycle going.
• 25:10
  [SPEAKER_00]: Yes.
• 25:11
  [SPEAKER_02]: Yes.
• 25:11
  [SPEAKER_04]: What does some accounts that helped you reach that 100K mark?
• 25:15
  [SPEAKER_04]: Because I'm pretty sure it wasn't just work over time.
• 25:20
  [SPEAKER_04]: And you know, just throw it in the savings getting like 0.1%.
• 25:23
  [SPEAKER_04]: If that.
• 25:26
  [SPEAKER_00]: How you'll save this account was a major key for me because they offer higher interest rates than brick and mortar banks.
• 25:33
  [SPEAKER_00]: Like a bank of a miracle or a chase because they don't have the overheat that a brick and mortar bank has.
• 25:38
  [SPEAKER_00]: So they're able to pay out higher interest rates.
• 25:41
  [SPEAKER_00]: traditional banks.
• 25:42
  [SPEAKER_00]: So that was a major factor in me saving what I was able to save because you earned compound interest.
• 25:48
  [SPEAKER_00]: So I would just let my money keep a growing compound interest.
• 25:51
  [SPEAKER_00]: And at one point I was earned a $500, $800, $900 a month in compound interest.
• 25:56
  [SPEAKER_00]: So I would just let it sit there.
• 25:57
  [SPEAKER_00]: And then whenever I found an opportunity, I pulled it out and purchased some land, just a house.
• 26:04
  [SPEAKER_00]: And so that's what I did.
• 26:06
  [SPEAKER_04]: What is some high yield saving the
• 26:12
  [SPEAKER_00]: Well, one of the major accounts that I use now is genius because they have a higher interest rate, like a base interest rate.
• 26:19
  [SPEAKER_00]: That's a bank.
• 26:20
  [SPEAKER_00]: It's online statements online.
• 26:22
  [SPEAKER_00]: Okay.
• 26:23
  [SPEAKER_00]: It's not a brick and mortar.
• 26:24
  [SPEAKER_00]: It's true.
• 26:25
  [SPEAKER_05]: Yeah, yeah.
• 26:26
  [SPEAKER_00]: And they're worth right.
• 26:27
  [SPEAKER_00]: I like worth right.
• 26:28
  [SPEAKER_00]: Um, allies, another one.
• 26:29
  [SPEAKER_00]: But we'll find out like them because they offer a referral incentive.
• 26:32
  [SPEAKER_00]: So if I were to refer you, both of us get a higher interest rate for three months.
• 26:38
  [SPEAKER_00]: And so I would refer a lot of my friends.
• 26:40
  [SPEAKER_00]: And so I would earn a higher interest rate than the base interest rate that they have.
• 26:44
  [SPEAKER_00]: So we're a friend and genius.
• 26:45
  [SPEAKER_00]: Our my two go to an open bank is another one.
• 26:47
  [SPEAKER_04]: Hmm, what's funny?
• 26:50
  [SPEAKER_01]: Yeah, you go now.
• 26:50
  [SPEAKER_04]: I got it.
• 26:51
  [SPEAKER_04]: Now I was gonna say because like some people a lot of times what motivates them to get on this grind to really like, save and really like.
• 27:03
  [SPEAKER_00]: like really work hard too is a lot of people say like they're afraid of just poverty like something but they got like it's a real full be it too somebody had told me that too yes it is and like I said I tell everybody I never want to go back to a god they live me from financially because I remember not having any money saved and it was
• 27:24
  [SPEAKER_00]: It was not a life that I want to ever live again, and so I do have that for me, and so that's why I tell everybody what my clients that come to me, set a zero.
• 27:32
  [SPEAKER_00]: So your zero is your financial floor, your financial baseline, the amount that you don't want your statements to go below.
• 27:37
  [SPEAKER_00]: So let's just say you have $5,000, something comes up, now you only have $2500, say, well that's $2500, maybe your zero.
• 27:46
  [SPEAKER_00]: Now, the reality of it is you have $2500, but in your head, I'm broke.
• 27:50
  [SPEAKER_00]: That's, I don't have anything to give.
• 27:52
  [SPEAKER_00]: So for me, my financials, my zero is $100,000.
• 27:56
  [SPEAKER_00]: If I get close to that, we eat noodles, we can go out, we can't do anything.
• 28:01
  [SPEAKER_00]: It's just having that discipline.
• 28:02
  [SPEAKER_02]: Yeah, and then you know on top of like these other savings accounts, you know, like people are actually like, there's a lot of work is that are then working for like 25 plus years, great salary, great career, you know, like what's some of your your your recommendations when it comes to like actually retiring.
• 28:27
  [SPEAKER_00]: So doing that like what's your take on that definitely if you're employer has If they match what you put in that's definitely important and I will also say and that's in the for or weren't okay Like if they match 4% or 6% or whatever they match put that in put whatever they will match in your 401k and then as you get older I would say also increasing that amount
• 28:52
  [SPEAKER_00]: that that's a major factor because I have a mentor that she increases her her percentage or her contribution to 401k as she gets older so she can you know I she can be set so that's the major key as far as your 401k increasing the contribution as you be older at least at minimum matching what what they what your company will match.
• 29:13
  [SPEAKER_02]: right and then on top of that too, I remember, I think at one point we interviewed some of mine, they was like, um, they was like, yo, like, I don't really care, like, you know, I think it was, was it Brianna Braw?
• 29:25
  [SPEAKER_02]: What was she, she interviewed the client, she said, hey, listen, in order to save money on the retirement, because like,
• 29:33
  [SPEAKER_02]: you're going to be able to have to spend the money you're going to have to spend taxes to be able to get your own money.
• 29:38
  [SPEAKER_02]: So the guy was like, oh, like, as long as I get to go to a waffle house every other day, I get to do this.
• 29:45
  [SPEAKER_02]: I'm good.
• 29:45
  [SPEAKER_02]: You know what I mean?
• 29:47
  [SPEAKER_02]: And then, what was it, bro?
• 29:48
  [SPEAKER_02]: Like, do you remember?
• 29:49
  [SPEAKER_01]: Um, it was um, it was Dana, Dana.
• 29:52
  [SPEAKER_02]: Yeah, right, right, right, right.
• 29:54
  [SPEAKER_02]: To buy a property instead of actually saving, and it was just so funny because I'm like, wow, like some people are just so stuck in their ways.
• 30:02
  [SPEAKER_02]: It's like, yeah, you got to think about inflation, like the value of the dollar today is going to be different.
• 30:08
  [SPEAKER_02]: Flyers from now, you know, like the value of what you spend like at Waffle House,
• 30:16
  [SPEAKER_02]: a year from now, I was going to be seven, three years from now, I'm going to be 12 dollars full of play to food.
• 30:21
  [SPEAKER_02]: You know, so it's like you got to be able to start learning how to go out and start saving and really just budgeting for extra stuff too.
• 30:29
  [SPEAKER_00]: Yes, and making your money work for you.
• 30:31
  [SPEAKER_02]: Yes.
• 30:31
  [SPEAKER_00]: That's so important.
• 30:32
  [SPEAKER_00]: Yeah.
• 30:33
  [SPEAKER_00]: Like I don't just, I say, but I also, you know, make it work for me.
• 30:37
  [SPEAKER_00]: That's very important.
• 30:39
  [SPEAKER_00]: So investments, you know, expanding my business, investing into my business to make more money.
• 30:44
  [SPEAKER_00]: It's about making your money work for you.
• 30:46
  [SPEAKER_02]: Right.
• 30:47
  [SPEAKER_02]: And then on top of that too, you know, like outside of that, because I know you work with a lot of clients, like, what's some other passive income, you know, streams that people were using right now to increase their, you know, their income every month?
• 30:59
  [SPEAKER_00]: Well, if they have a talent, I would definitely suggest and recommend that they use that.
• 31:05
  [SPEAKER_00]: So if you know how to do hair, if you know how to do nails, do that on top of working, like use all of your talent see or advantage.
• 31:13
  [SPEAKER_00]: So a lot of my clients that I've had, they, you know, they have talents and I tell them, you know, to use it because if you don't like your situation, and when I write out your budget, you give me all of your bills,
• 31:22
  [SPEAKER_00]: And this is what you're able to say based on your income and your bills and you don't like it.
• 31:25
  [SPEAKER_00]: You need to do something about it.
• 31:27
  [SPEAKER_00]: So you have a side hustle or do you need to get a part-time job?
• 31:30
  [SPEAKER_00]: Like, I'm unease.
• 31:31
  [SPEAKER_00]: If I have a part-time job and I don't even have to have one, then why can't you?
• 31:35
  [SPEAKER_00]: Until you have to, you want to elevate and set yourself up to get ahead.
• 31:39
  [SPEAKER_00]: So it's just about being honest with yourself.
• 31:42
  [SPEAKER_00]: That's the main key, honest with yourself and using your gifts to work for you.
• 31:48
  [SPEAKER_02]: right right and where's the first place you usually would start when like when a client comes to you and saying hey listen doctor consider you know i have so much debt to the point where it's like every week i'm just always throwing it back into a bill i'm throwing the hair i'm throwing it there and i never really get to see my paycheck like what's the first thing and like what's the first few steps you you'll walk a person through to be able to knock down all these bills that they have
• 32:14
  [SPEAKER_02]: Um, to be able to start, you know, saving more money, so investment in different places.
• 32:18
  [SPEAKER_00]: One thing I do look at is if they have credit card debts, so I tell them bringing their statements because a lot of times they're paying these ridiculous interest rates on credit cars.
• 32:27
  [SPEAKER_00]: And so I had one class, she was paying like $100 just in interest a month on a credit car.
• 32:33
  [SPEAKER_00]: So they're not educating them on what what about the transfer is.
• 32:36
  [SPEAKER_00]: If you're created allows it, or if you're creating score permits, then you get a balance transfer because I've been balanced transfers before, while I would transfer my debt to a credit card for interest free promotion, whether it's 18, 21 months, and I try to bank it out.
• 32:49
  [SPEAKER_00]: If I don't make it out in time, I apply for another interest rate of credit card and do the cycle again, so I get it done.
• 32:55
  [SPEAKER_00]: And that's honestly how I was able to get some of my debt.
• 33:00
  [SPEAKER_00]: done are eliminated.
• 33:02
  [SPEAKER_00]: So I advice them on that.
• 33:04
  [SPEAKER_00]: And then also just having you write all of what I do with I write all of their bills in their income.
• 33:10
  [SPEAKER_00]: And I see like what's what the problem is.
• 33:12
  [SPEAKER_00]: Sometimes you have to rearrange bills.
• 33:14
  [SPEAKER_00]: So the first part of your paycheck or the first month of your paycheck, you're only able to
• 33:22
  [SPEAKER_00]: But if I move a bill from the first half to the end of the month and now you're able to say $700, $800, it's all about strategic strategy because what I would tell them to do also is, in that instance, what you do is you call your creditors, like let's say you have a car payment that's doing in the beginning of the month.
• 33:39
  [SPEAKER_00]: And if you move it to the end of the month, now you're able to save more.
• 33:42
  [SPEAKER_00]: Call them and ask them, hey, can I move my payment, my due date?
• 33:45
  [SPEAKER_00]: Because they'll work with you.
• 33:46
  [SPEAKER_00]: They don't want you to pay them late anyway.
• 33:48
  [SPEAKER_00]: So they'll work with you.
• 33:49
  [SPEAKER_00]: So if it,
• 33:50
  [SPEAKER_00]: If it benefits you on moving bills and things like that, I educate them on that.
• 33:55
  [SPEAKER_00]: I educate them on balance transfers a lot of my clients didn't even know they existed.
• 33:59
  [SPEAKER_00]: So what it was, I've actually had to walk a flight through a balance transfer on the phone.
• 34:02
  [SPEAKER_00]: Like this is what you do, you put in your car, put in the limit what you want to transfer.
• 34:07
  [SPEAKER_00]: And so just looking at their financial picture overall.
• 34:13
  [SPEAKER_02]: and then like for you like do you have a strategy that people can follow where they're not able to like they don't like because I know for you you had mentioned a little earlier um that you don't pay interest on credit cards like like you're just like against it like you have like a certain dates like how does a person go out and pay credit cards properly without having to pace you
• 34:38
  [SPEAKER_00]: so applying for interest free credit card is key.
• 34:41
  [SPEAKER_00]: If you apply for the interest free credit card, they have a promotion, so they have okay, you have to bet off 12 months, 15 months, 18 months.
• 34:50
  [SPEAKER_00]: So apply for interest free credit card is key.
• 34:52
  [SPEAKER_00]: I personally don't carry over date.
• 34:54
  [SPEAKER_00]: I don't care if it's the interest free credit card or not.
• 34:57
  [SPEAKER_00]: So what I do is I look at my statement date and let's say my statement cycle is from January 1st to January 31st.
• 35:04
  [SPEAKER_00]: Well, what I would do is lift out $1,000 on a credit card.
• 35:07
  [SPEAKER_00]: I would pay that credit card off on the 28th before my cycle is, because once your cycle is, whatever balance is on there, they report that sort of credit brew.
• 35:16
  [SPEAKER_00]: Now, if it's the interest for your credit card, and you let the cycle roll over, you're not paying interest on it.
• 35:21
  [SPEAKER_00]: But I personally just set my game up and say, hey, I don't even want you out reporting a balance to the credit brew, so I just pay it off.
• 35:27
  [SPEAKER_00]: So when you do report it is zero, and my credit score never goes down.
• 35:31
  [SPEAKER_00]: Right.
• 35:31
  [SPEAKER_00]: That's what I do personally.
• 35:32
  [SPEAKER_00]: Everyone is not able to do that.
• 35:34
  [SPEAKER_00]: So what I would suggest is that you get an interest free credit card.
• 35:37
  [SPEAKER_00]: So you're not paying hundreds of thousands of dollars in interest because that adds up.
• 35:42
  [SPEAKER_02]: It does.
• 35:43
  [SPEAKER_02]: It definitely does like you initially have 30.
• 35:46
  [SPEAKER_02]: next year you know by time of the year is over you have 32 and then you carry that balance over to the next year and now you're at 35.
• 35:54
  [SPEAKER_00]: Yeah and the department store cars are I would never get a department store credit card like also they always do you want to know I do not I will get $10.
• 36:02
  [SPEAKER_00]: I will use my discover I will use why you can get cash back getting cash back credit cars is another big thing because they'll pay you 1.5% for using their cars so it's like they're
• 36:16
  [SPEAKER_00]: And you can cash those points in, use it towards your state, and get the cash bank.
• 36:21
  [SPEAKER_00]: Right.
• 36:21
  [SPEAKER_00]: So that's another key.
• 36:23
  [SPEAKER_02]: How do you be frugal with the cash back rewards?
• 36:26
  [SPEAKER_02]: Because like a lot of credit cards incentivize you just for spending, like you may get a brand new credit card.
• 36:32
  [SPEAKER_02]: They say, hey, listen, spend $6,000.
• 36:34
  [SPEAKER_02]: And I give you 100,000 points in the next three months.
• 36:37
  [SPEAKER_02]: Like how do you use points and how are you using cash back to go out there and be frugal?
• 36:43
  [SPEAKER_02]: Are you using it like,
• 36:44
  [SPEAKER_02]: like Christmas may come around.
• 36:45
  [SPEAKER_02]: You may buy a child's and give.
• 36:47
  [SPEAKER_02]: It's like, are you using an R.I.
• 36:49
  [SPEAKER_02]: Cool, like I could stack up enough points.
• 36:51
  [SPEAKER_02]: So I could afford a birthday trip or an anniversary trip or wedding, like, what's how do you be frugal with points?
• 36:58
  [SPEAKER_00]: Well, if it's a big purchase,
• 37:01
  [SPEAKER_00]: our car repair bill or anything like that something that's major I will use my cash back card and then when the points accumulate I will either get the cash back or apply to my statement that's what I do personally definitely either or yeah because yeah that's that's the benefit of it
• 37:18
  [SPEAKER_02]: Yeah, that's good.
• 37:21
  [SPEAKER_04]: So when it comes to finances, it could touch in all different aspects of somebody's life.
• 37:29
  [SPEAKER_04]: So like one of the major parts about, you know, one of the major things when it comes to finances is like, you know, kind of what you do, you know, who you're way, way you live and things like that.
• 37:41
  [SPEAKER_04]: So for relationship wise, right?
• 37:45
  [SPEAKER_04]: Is it a good idea?
• 37:47
  [SPEAKER_04]: in terms of marriage dating like how are the bills supposed to be split up like a lot of people believe like 50 50 is the best route but in terms of like wealth and building which are partner like what's the best what's the best route to go about that.
• 38:05
  [SPEAKER_00]: Well, I will say this.
• 38:06
  [SPEAKER_00]: Everyone's situation is different.
• 38:09
  [SPEAKER_00]: I personally believe in 50, 50 because I saw my parents work together and they were able to achieve more.
• 38:14
  [SPEAKER_00]: They both had decent jobs and they both always work.
• 38:18
  [SPEAKER_00]: You know, when I was growing up, they bought, I mean, my sister's brand new cars in high school.
• 38:22
  [SPEAKER_00]: They, yes, I love I've got a brand new car.
• 38:25
  [SPEAKER_00]: They pay first and go to college.
• 38:27
  [SPEAKER_00]: So to me, I feel like you're able to get more when both of you are.
• 38:31
  [SPEAKER_00]: contributing, you're able to get ahead.
• 38:34
  [SPEAKER_00]: Some people do 100 and 0, but to each is on me, me personally, I'm a team player.
• 38:41
  [SPEAKER_00]: So I feel like if something happens to you, I can still hold things down if me and vice versa.
• 38:48
  [SPEAKER_00]: And I just feel like you're able to elevate faster together that way.
• 38:52
  [SPEAKER_02]: And the thing about it, too, the reason why a lot of people are getting divorced now, from my understanding is it's not because infertility is not because of a person may have stepped out, not because they cheated, not because of any of those things, but it's really because of the finance.
• 39:09
  [SPEAKER_02]: Most times is because they don't have enough money.
• 39:11
  [SPEAKER_02]: They're always arguing about a bill.
• 39:13
  [SPEAKER_02]: They can't do this.
• 39:15
  [SPEAKER_02]: They can't do that.
• 39:22
  [SPEAKER_00]: correct.
• 39:23
  [SPEAKER_00]: I remember seeing my mom tell my dad like when he had a healthcare at work.
• 39:29
  [SPEAKER_00]: She was like okay well if you don't if you need to take off from work, you know, I'll get another job and hold everything down.
• 39:35
  [SPEAKER_00]: You just have to stay here and watch the clothes and you know do the duties that you know do because I'm working more now.
• 39:42
  [SPEAKER_00]: So it's just all about being the same player.
• 39:44
  [SPEAKER_00]: And I feel like you're just able to get
• 39:48
  [SPEAKER_02]: Yeah, yeah, yeah, you know, so funny.
• 39:49
  [SPEAKER_02]: I actually see the video on Instagram the other day.
• 39:52
  [SPEAKER_02]: It was a pop the balloon video where he's like, yo, like, I think they were asking them like, how do you like, how do you want to handle finances and relationships?
• 40:01
  [SPEAKER_02]: So he said, first, it sounded real good.
• 40:04
  [SPEAKER_02]: I promise you it sounded so good.
• 40:06
  [SPEAKER_02]: But I'm like, in reality, bro, I don't think that's true.
• 40:10
  [SPEAKER_02]: But what he said was, first year, we're going on 50, 50, right?
• 40:14
  [SPEAKER_02]: As I started to trust you more, the next year is going up to 60, 40.
• 40:19
  [SPEAKER_02]: And then the year after that, if I trust you a little bit more, then it's 80, 20, and then in a fourth year, I'm taking care of all the bills.
• 40:26
  [SPEAKER_02]: Like, do you think that's something that's real?
• 40:29
  [SPEAKER_02]: Um, or even sounds logical, like,
• 40:32
  [SPEAKER_00]: So as for me personally, I would end go for that, because this is what I told my attendees at my seminar.
• 40:40
  [SPEAKER_00]: At the end of the day, you have to make sure you're straight because life be life and you're not with your forever person.
• 40:47
  [SPEAKER_00]: Like you sometimes, you know, you may break up with your forever person that you thought you would be with forever.
• 40:52
  [SPEAKER_00]: Like people get divorced, people break up.
• 40:55
  [SPEAKER_00]: And so I've seen, I've seen, and this has personally happened to me where the guys paying all the bills,
• 41:01
  [SPEAKER_00]: and they feel like they can run you until you want to do how to do it, when to do it, and if you don't have any type of finances or your finances in order, you're depending on them and you don't know what to do.
• 41:12
  [SPEAKER_00]: If you break up or if you separate, so I personally, I would not do that.
• 41:18
  [SPEAKER_00]: And then other day, if you leave me, baby, I still don't hold me.
• 41:21
  [SPEAKER_00]: I'm not going down to 2%.
• 41:22
  [SPEAKER_00]: So that's my biggest thing, send yourself up because we may not be together for
• 41:33
  [SPEAKER_04]: But what's even crazy is that I feel like, you know, nowadays it's like
• 41:45
  [SPEAKER_04]: a lot of people think they believe in like some people were like when you get to that conversation like yo hey um 50-50 or this and that and then something happens a lot of times a lot of guys they might be down or even like you know but it's like it seems like they got a countdown until they get it right or else it's like yo pack your bags and
• 42:08
  [SPEAKER_04]: A lot of times it's like, um, you know, it's that side of it too.
• 42:13
  [SPEAKER_04]: But do you believe like it could work with like, every relationship or it depends on like who who you're with?
• 42:22
  [SPEAKER_00]: I feel like it depends on who you're with and I'm also big on reciprocation.
• 42:26
  [SPEAKER_00]: Like don't ask me to do something for you that you can't do for yourself or that you're willing to do for me.
• 42:31
  [SPEAKER_00]: So I feel like reciprocation is the major key.
• 42:34
  [SPEAKER_02]: Yeah, and it's kind of crazy now because like we haven't seen a video, I think just yet today like like a girl said like I won't deal with a person if they're not spending like like I'm basically she's saying I'm called like I call 40 to 50 thousand a month
• 42:51
  [SPEAKER_02]: So if you're not even coming with 40 to 50 like, don't even like, you know, I mean, and it is getting to a point where it's like, all right, who I get you, but this is how a way to transaction.
• 43:03
  [SPEAKER_02]: Yeah, I mean, like, it just sounds way too transactional for me.
• 43:06
  [SPEAKER_02]: And like, like, I get it.
• 43:08
  [SPEAKER_02]: Like, yeah, your expenses is 40 to 50, but like, okay, would you, would she spend 50?
• 43:15
  [SPEAKER_00]: Right.
• 43:15
  [SPEAKER_00]: 50 on that person?
• 43:17
  [SPEAKER_00]: That's a good question.
• 43:17
  [SPEAKER_00]: They require that reciprocation.
• 43:20
  [SPEAKER_02]: That's a good question.
• 43:21
  [SPEAKER_00]: Yeah.
• 43:21
  [SPEAKER_00]: Reciprocation.
• 43:22
  [SPEAKER_04]: Yeah.
• 43:23
  [SPEAKER_04]: Yeah, it's crazy.
• 43:26
  [SPEAKER_04]: And how do you feel about the guys who say, I don't want my woman working.
• 43:31
  [SPEAKER_04]: Like, just stay at home.
• 43:35
  [SPEAKER_04]: Just kind of like be that housewife.
• 43:40
  [SPEAKER_04]: And then real serious, like, they'll go ahead, retire her.
• 43:43
  [SPEAKER_04]: And you know, you think that's a good idea.
• 43:45
  [SPEAKER_04]: That's a bad idea.
• 43:51
  [SPEAKER_00]: Um, as the female, I just wouldn't go for that.
• 43:56
  [SPEAKER_00]: Like I always tell a job.
• 43:57
  [SPEAKER_05]: Like, hmm.
• 43:58
  [SPEAKER_00]: Like I'm going to have a plan be like you won't be able to tell me what to do in my money All right, like if you leave I'll still be okay.
• 44:06
  [SPEAKER_00]: So that's that's so important to me I have a history that no, I will never go back to that life.
• 44:13
  [SPEAKER_04]: I don't know Yeah, it kind of because I actually had like an argument with my brother because he he's real strong He's like, you know, I ain't they no no no woman.
• 44:21
  [SPEAKER_04]: That's not like she don't got a job She ain't working she ain't making a money and he was real serious like
• 44:26
  [SPEAKER_04]: And I'm like, yo, like, I'm thinking like as a guy, it's like it kind of is behind our heads to even think like, yo, when she kind of get that side of themselves together, like you're just like, yo, she, like he's gonna hold a house down, kind of little things like that, but it really does matter because now I'm thinking about it and I'm like,
• 44:45
  [SPEAKER_04]: Imagine you sit and work hard, crazy hard coming home, paint all over your clothes and you know, see your wife, I don't chill in, and it's like, I feel like that could ignite the argument, it could start like a little thing, so I definitely see where it could go, but I definitely feel like I agree with you, I think building like a legacy wealth.
• 45:09
  [SPEAKER_04]: like that route is definitely like the one that makes the most sense.
• 45:13
  [SPEAKER_04]: And I did want to actually to be in a parent.
• 45:18
  [SPEAKER_04]: How do you instill these principles to such a kids up for financial success?
• 45:24
  [SPEAKER_00]: Well, I have I've taught her the value of a dollar and that you need to appreciate, you know,
• 45:32
  [SPEAKER_00]: Yes, I'm able to provide this lifestyle for you, but don't feel entitled.
• 45:36
  [SPEAKER_00]: So, you know, appreciating the value of a dollar, you know, getting a job, managing money, so you don't end up like I was.
• 45:43
  [SPEAKER_00]: Like I don't want you to repeat the cycle like I had to do.
• 45:46
  [SPEAKER_00]: So, definitely, I got her credit card.
• 45:49
  [SPEAKER_00]: I mean, a debit card.
• 45:51
  [SPEAKER_00]: And I will put her on what's on it.
• 45:52
  [SPEAKER_00]: I had it hurt to one of my credit cards as a authorized user.
• 45:56
  [SPEAKER_00]: So, I'll still build her credit up as well, but definitely teaching her the value of a dollar.
• 46:02
  [SPEAKER_00]: That child that I didn't start paying my car insurance and car payments I was thirty two and four hours so yes and my wake-up call was a game with my mom situation Realizing I can always run back to her when I run into a jam because I would just spend all my money and then like give my nails and hair done and then I call her and I'm like I'm home right on having money for food and so she would say me like well, okay, we better eat the nails
• 46:25
  [SPEAKER_00]: So, but she didn't let me starve and it's just teaching her the value of a dollar in that you have to work for what you won't and you know managing your finances because again I don't want you to be 30 to and now you just paint your car insurance so you're still falling Yeah, right I had the accident too because I'm like, you know now days is like kids eat they online social media They get all this peer pressure when they go in the schools
• 46:51
  [SPEAKER_04]: Nowadays, it seemed like the kids have even got a lot more boozey and now it's like when design at a younger age now, it's getting real like, you know, it ripped it.
• 47:01
  [SPEAKER_04]: Yeah, yeah, it really does not.
• 47:03
  [SPEAKER_04]: So all that stuff could rub off on them and then it's like, hey, mom, hey, dad, like I need this like I need this now.
• 47:10
  [SPEAKER_04]: And you know, I feel like the earlier that they're able to get those financial principles down pack, like they'll start to look at money.
• 47:18
  [SPEAKER_00]: Yeah, you know, it's the experience.
• 47:21
  [SPEAKER_00]: If I knew what I knew now when I was younger, I would be so far ahead.
• 47:27
  [SPEAKER_02]: So like for you, you know, like as as a parent, you know, what's some of the ways that you're setting your child up?
• 47:34
  [SPEAKER_02]: for the future, you know, because like you're very, you know, um, verse when it comes to finances, saving money, making money, things like that, like, what's some of those accounts that you may have set up for a child?
• 47:47
  [SPEAKER_02]: I mean, you know, children, your own child, out there, like, what's some of the things that you would do?
• 47:52
  [SPEAKER_02]: Like,
• 47:53
  [SPEAKER_00]: Um, well, I have a life insurance policy.
• 47:56
  [SPEAKER_00]: I, like I said, I had to hurt some of my credit card, um, and then I heard it the card and also I established a statement for her, so that I would put that put money into her account, so whenever she graduate, she can, you know, buy a car, no treat herself with jumping.
• 48:10
  [SPEAKER_02]: Right, how about like college, you know, to wishing?
• 48:13
  [SPEAKER_02]: Cause it sounds like, you're your own bank at this point.
• 48:16
  [SPEAKER_02]: You know, you like, how are you helping your daughter save for like college and, you know, even if she may not want to go to college, because that's also another thing too, like what's your strategy on that?
• 48:28
  [SPEAKER_00]: Well, just teaching her, you know, how to say how to budge it.
• 48:32
  [SPEAKER_00]: Like, what she does, she's only 15.
• 48:34
  [SPEAKER_00]: So she doesn't have a job.
• 48:35
  [SPEAKER_00]: Yeah, she's about 10 or 16.
• 48:37
  [SPEAKER_00]: So when she gets a job, it's definitely where we have to be.
• 48:42
  [SPEAKER_02]: Right.
• 48:43
  [SPEAKER_04]: Are you going to kind of make a like work a job kind of like, because, you know, seeing how your parents like, they, they watch out for you like a lot, would you, is that something that you're going to, you kind of, you're going to kind of look out for her the same way?
• 48:56
  [SPEAKER_00]: Yeah, I'm going to look out for her the same way and there are no, you know, I'm here to support her, but also I won't always be here.
• 49:02
  [SPEAKER_00]: And I had to realize that when my mom got sick and she didn't have her job anymore Okay, I can't run and ask you for a couple hundred dollars to pay a bill or to save me.
• 49:12
  [SPEAKER_00]: Yeah, so definitely You know, I will be there to support her because that's what parents are for but no you need to Responsibility to
• 49:22
  [SPEAKER_02]: Yeah, out of curiosity, when your mom passed, like, was it a financial stress?
• 49:26
  [SPEAKER_02]: Like, did you have to dig into your savings?
• 49:28
  [SPEAKER_02]: Like, to make sure that she has a, uh, you know, the transition.
• 49:34
  [SPEAKER_00]: So she had a life insurance pilot.
• 49:36
  [SPEAKER_00]: Okay.
• 49:37
  [SPEAKER_00]: I didn't have to do that, but no, just saying her go down like that over a job and losing her job.
• 49:43
  [SPEAKER_00]: And she was used to a certain lifestyle because of her income that she was making.
• 49:48
  [SPEAKER_00]: So I think that had a lot to do with it, too.
• 49:50
  [SPEAKER_00]: You know, you have this car, you have this house and now you don't know if you'll be able to afford it because you don't have that income anymore.
• 49:58
  [SPEAKER_00]: But no, it wasn't hard as far as, you know, preparing her to, you know, for her services and anything like that.
• 50:06
  [SPEAKER_02]: Wow, okay, and then another thing too that I'm sure that you probably seen a lot of times where people may come to you May say hey listen Dr. Catera like got $18,000 in debt right now.
• 50:18
  [SPEAKER_02]: Like I'm drowning like I've been Considering you know going through bankruptcy, you know, fallen for a judge, you know Fallen all these claims like judgements and everything like that like
• 50:30
  [SPEAKER_02]: What's your take on it is following bankruptcy, ever strategy that you would ever consider?
• 50:37
  [SPEAKER_02]: Or like when does it get to the point where it's like our cool, like, don't even look that direction, like, let's figure it out.
• 50:44
  [SPEAKER_02]: Like, what's your take?
• 50:46
  [SPEAKER_00]: I would never ever advise anyone to do bankruptcy.
• 50:48
  [SPEAKER_00]: because even when you apply for a house or a car loan or a credit card, the one of the applications, one of the questions on the application is have you ever filed for bankruptcy.
• 50:59
  [SPEAKER_00]: I would say let's figure it out because and that's what I'm here for.
• 51:02
  [SPEAKER_00]: If I was able to dig my stuff out at $30,000, then say anybody can do it.
• 51:08
  [SPEAKER_00]: Not once be the ever crossed my mind to file bankruptcy.
• 51:11
  [SPEAKER_05]: Not once.
• 51:12
  [SPEAKER_05]: Yeah.
• 51:12
  [SPEAKER_00]: that I would never advise against that because it's on your record and no one feels comfortable many, many.
• 51:18
  [SPEAKER_00]: Even I know after a certain amount of years, it's supposed to be off your record or whatever, but I still would feel comfortable as a lender than to somebody money that I know found for bankruptcy.
• 51:28
  [SPEAKER_00]: So I look at it from that perspective, but I would never advise anyone to find bankruptcy, figure it out.
• 51:32
  [SPEAKER_00]: Like we will figure it out.
• 51:34
  [SPEAKER_00]: We will, you know, it's the
• 51:39
  [SPEAKER_02]: So like what share strategy like a person is like all right cool, I'm at the brink like I'm really like I already spoke to somebody like they told me exactly what is about to be like what's the strategy that you will walk a person through to be able to say listen instead of doing bankruptcy, let's do this and like what's that.
• 51:58
  [SPEAKER_00]: Well, for me, I will say that consolidation and not opening up any new credit cards, any new accounts, focusing on paying off that debt, being honest with yourself, like that's so important.
• 52:13
  [SPEAKER_00]: Do you have to get a part time job?
• 52:15
  [SPEAKER_00]: do you have to step up your side hustle?
• 52:18
  [SPEAKER_00]: You know, to get your finances in order to have more income coming in, that would be the first thing God would say.
• 52:25
  [SPEAKER_00]: Like, let's assess your finances.
• 52:26
  [SPEAKER_00]: Because sometimes a lot of my clients, they are as bad off as they think they are.
• 52:30
  [SPEAKER_00]: They just need structure, they just need strategy.
• 52:32
  [SPEAKER_00]: You know, you know, okay, you can pay off this bill first because it's a low amount and that'll give them that instant gratification to make them feel like, okay, this can't work, but I would never advise anyone to do bankruptcy.
• 52:44
  [SPEAKER_00]: Right.
• 52:45
  [SPEAKER_00]: The vow for bankruptcy, no.
• 52:46
  [SPEAKER_02]: Right.
• 52:47
  [SPEAKER_02]: Right.
• 52:48
  [SPEAKER_04]: When it comes to finances and things like that, like what is something?
• 52:56
  [SPEAKER_04]: What are some like red flags that you kind of see when it comes to kind of like whether it's with family, whether it's with a partner, like what are some red flags
• 53:15
  [SPEAKER_00]: Well, I've had some clients tell me, um, I had one client, she said, okay, well, we talked about the bills, I paid, let's talk about the bills, I don't pay.
• 53:25
  [SPEAKER_00]: Um, um, structure.
• 53:27
  [SPEAKER_00]: It's all about structure.
• 53:29
  [SPEAKER_00]: Um, and it's all about.
• 53:32
  [SPEAKER_00]: being honest about your spending habits as well, what you don't need, what you versus what you do need.
• 53:37
  [SPEAKER_00]: That those are the two things that I come across the light.
• 53:41
  [SPEAKER_00]: Because I've had clients that they don't have any serious obligations just basic normal beals, but why don't you have any money say, why are you late on certain deals?
• 53:49
  [SPEAKER_00]: Why are you late on the carpeting?
• 53:50
  [SPEAKER_00]: Why are you late on your rent?
• 53:52
  [SPEAKER_00]: You have enough money to pay this.
• 53:53
  [SPEAKER_00]: So why are you late that goes back to, you can still make decent money and still be broke.
• 53:58
  [SPEAKER_00]: If you have structure in your finances.
• 54:00
  [SPEAKER_00]: So it's all about structure and that financial awareness.
• 54:04
  [SPEAKER_00]: That's the biggest thing because a lot of my clients They made decent money and they could pay their bills and save, but still didn't pay the budget nothing saved Wow, at all
• 54:16
  [SPEAKER_02]: That almost kind of sounds real scary though.
• 54:19
  [SPEAKER_02]: You know, I mean, like a person making 200,000, 300,000, half a million dollars, and you still don't have any money.
• 54:25
  [SPEAKER_02]: Like, you're going out the eat, you tip the real heavy, you know what I mean?
• 54:29
  [SPEAKER_02]: You pay for everybody's meal, like that sounds scary.
• 54:32
  [SPEAKER_04]: And what's kind of even more scary is the unpredictability like it's that existing in life and in the world.
• 54:39
  [SPEAKER_04]: Like you don't even know, next minute, person can end up in the house with a now medical bills.
• 54:43
  [SPEAKER_00]: Now it's like, yeah, yeah, it's kind of crazy.
• 54:48
  [SPEAKER_02]: And now that you mentioned that you know the crazy thing about it like I heard like all it takes for like for some people to really file bankruptcy is because of a Critical illness you have me and like everything was going well and you know one little illness that set you back year in the hospital You know now you got all this debt and things it just out of control pretty much
• 55:11
  [SPEAKER_00]: for medical bills, they'll give you payment plans.
• 55:14
  [SPEAKER_00]: So get on the payment plan, it's another bill, but I won't file bankruptcy because of it.
• 55:21
  [SPEAKER_02]: Okay, a lot of sense and then like for you You've got a lot of clients that you working with like what's some of the biggest wins that you've seen with some, you know, some of the people that you work with like They had maybe been working as a doctor or there may have been a lawyer or an attorney and they're making the money and They were unstructured and then when they got with you, you know, things started to change for them
• 55:46
  [SPEAKER_00]: One of my clients, she told me, she was like, I paid all my bills on time after we did our session.
• 55:52
  [SPEAKER_00]: She said, I paid all of my bills on time and I say $1500 somewhere.
• 55:55
  [SPEAKER_00]: I was like, okay, another one of my clients, a month after our session, she takes me, she said, I say $3,200 so far.
• 56:02
  [SPEAKER_00]: Wow.
• 56:03
  [SPEAKER_00]: She was like, I just said the system works.
• 56:05
  [SPEAKER_00]: I just have to stick to it.
• 56:06
  [SPEAKER_05]: Yeah.
• 56:06
  [SPEAKER_00]: And if it's not a heart system, it's just, I teach you how to count for every dollar you make.
• 56:12
  [SPEAKER_00]: So, every dollar you earn is in a bucket.
• 56:15
  [SPEAKER_00]: It's either in a bill bucket and the allowance bucket, which is what you give yourself to spend, are in the savings bucket.
• 56:21
  [SPEAKER_00]: So, every dollar is accounted for.
• 56:22
  [SPEAKER_00]: And now with your spending allowance, I show you how to track how you spend that.
• 56:28
  [SPEAKER_00]: So, are you going out eat too much?
• 56:30
  [SPEAKER_00]: Did you spend too much at this store?
• 56:32
  [SPEAKER_00]: And then, I also, in my app, I also show them,
• 56:36
  [SPEAKER_00]: I have a dashboard to keep trust of your credit card debt.
• 56:39
  [SPEAKER_00]: So it's all about financial awareness.
• 56:41
  [SPEAKER_00]: If I owe $5,000 on the credit card, do I really want to go to the mall, it's been another $1,000.
• 56:47
  [SPEAKER_00]: Yeah.
• 56:48
  [SPEAKER_00]: Like I see what I already owe and I see that I owe this much, why would I want to add to that?
• 56:53
  [SPEAKER_00]: So it's all about financial awareness.
• 56:55
  [SPEAKER_00]: And my spending too much here should I cut back here?
• 56:57
  [SPEAKER_00]: Oh, it all goes back to financial awareness.
• 57:00
  [SPEAKER_02]: yeah and it's almost crazy because like we like a lot of families and a lot of people almost have that that traditional cycle like especially like Christmas coming around like you know New Year's all these holidays, birthdays, anniversaries, Valentine's Day like they're spending so much money in there like all right cool like just to make my family happy but then again it's like
• 57:24
  [SPEAKER_02]: You put in everything else on the back burner, you know?
• 57:27
  [SPEAKER_02]: And it's costing you more like you got to work even more.
• 57:31
  [SPEAKER_02]: You got to work even harder just because of those things, you know?
• 57:35
  [SPEAKER_02]: Mm-hmm.
• 57:35
  [SPEAKER_00]: Correct.
• 57:36
  [SPEAKER_02]: How do you teach to get over emotional spending?
• 57:40
  [SPEAKER_02]: Is that even a thing?
• 57:41
  [SPEAKER_00]: It is, it is, because I've done it, it is.
• 57:45
  [SPEAKER_00]: And that's why I tell them, it's a judgment-free zone.
• 57:48
  [SPEAKER_00]: I don't judge because who am I to judge?
• 57:51
  [SPEAKER_00]: If I'm telling you, I was, I was that person.
• 57:53
  [SPEAKER_00]: I would just spend spend spend and then just hope I can make my minimum payment.
• 57:57
  [SPEAKER_00]: So emotionless spending is a thing.
• 57:59
  [SPEAKER_00]: I would say, just take a step back, revisit it.
• 58:02
  [SPEAKER_00]: If you still want it, you're not going to do it.
• 58:04
  [SPEAKER_00]: just think about the consequences if you really can't afford it.
• 58:08
  [SPEAKER_00]: What would occur?
• 58:09
  [SPEAKER_00]: Yeah.
• 58:10
  [SPEAKER_00]: Again, buyers remorse.
• 58:11
  [SPEAKER_00]: Yeah.
• 58:11
  [SPEAKER_00]: That's major.
• 58:13
  [SPEAKER_02]: Yeah.
• 58:13
  [SPEAKER_02]: And then last last thing we're for me, like, do you suggest like once a person consolidates credit cards?
• 58:19
  [SPEAKER_02]: Like, do you say, listen, cut them up or just throw them away?
• 58:23
  [SPEAKER_02]: And then you could reorder them once you paid down your debt?
• 58:25
  [SPEAKER_02]: Like, like, what's the strategy on that side?
• 58:28
  [SPEAKER_00]: So when you consolidate it, you can't use those cards anymore.
• 58:32
  [SPEAKER_00]: Really?
• 58:34
  [SPEAKER_00]: Yeah, they they pay them off and you can't use them anymore because they're under the debt consolidation.
• 58:40
  [SPEAKER_00]: So now you can apply for a new card.
• 58:43
  [SPEAKER_02]: You wish or they close the card.
• 58:47
  [SPEAKER_00]: Yeah, so you can't use them anymore, but you can apply for another one if you want to, but if you have to cut it up like I cut mine up and once I'm done using a car like if I use a car for interest pre-promotion and it's promotion, though, I put it in my nightstand and just up in there.
• 59:06
  [SPEAKER_00]: I don't close their count because
• 59:09
  [SPEAKER_00]: You know, it helps your credit utilization score.
• 59:12
  [SPEAKER_00]: I tell all of my clients, like if you stop using the card, or you pay it all, don't close and keep it open.
• 59:17
  [SPEAKER_00]: Because it shows lender, okay, a lender, she has all of this available credit to you, and she's not using it.
• 59:22
  [SPEAKER_00]: And it helps your credit utilization score, so that helped my credit goal.
• 59:26
  [SPEAKER_00]: My credit score will go up.
• 59:27
  [SPEAKER_04]: Mm-hmm.
• 59:28
  [SPEAKER_02]: Wow.
• 59:29
  [SPEAKER_04]: That makes a lot of sense.
• 59:30
  [SPEAKER_04]: Yeah.
• 59:30
  [SPEAKER_04]: Another thing I did when I touched on was like, a lot of people they grow up.
• 59:35
  [SPEAKER_04]: Well, mostly, but they don't know that they can have like some finance or trauma like you could be you could be living in a household where
• 59:44
  [SPEAKER_04]: it could be extremely frugal and then, you know, now, for example, like me, I grew up in like a like an African household and, you know, they come from a whole another, you basically whole another world, like so them coming to America was like, yeah, they got, they got the good jobs, they got this, but they were slightly more frugal and they kind of watched every dollar,
• 1:00:12
  [SPEAKER_04]: When I got old, I'm like, hey, like, it's time for me to go splurge.
• 1:00:16
  [SPEAKER_04]: I got my first check splurge that blew it all, and it was just like a habit when I just started just going shopping, doing this, doing that, doing it, because you know, now it's like, hey, all the stuff I couldn't get.
• 1:00:26
  [SPEAKER_04]: Now it's my time to get it, you know?
• 1:00:29
  [SPEAKER_04]: And then one of the things that kind of, I don't know if this was you, when you were working, when you wasn't when you first started working, getting in nine or five, but
• 1:00:38
  [SPEAKER_04]: one of the things that I started to look at that kind of change my whole mindset was started looking at money as time like I started realize I'm like y'all I'm spending 500 on the shirt I'm like that's like how much I was?
• 1:00:52
  [SPEAKER_04]: That was an hour of sneakers that's like how much days like yeah so all that stuff like you know I had to get it all my sister you know people like I just got to get it all my system like yeah
• 1:01:03
  [SPEAKER_04]: Yeah, so do you believe that people should slow the money first?
• 1:01:08
  [SPEAKER_04]: And then finally realize like, that's not the route to go.
• 1:01:12
  [SPEAKER_00]: Do I believe that, no, but is that a lesson that some people have to have?
• 1:01:17
  [SPEAKER_00]: Yes.
• 1:01:18
  [SPEAKER_00]: Yeah.
• 1:01:18
  [SPEAKER_00]: You have to have that.
• 1:01:20
  [SPEAKER_00]: That epiphany that, yeah, I need to get it together because that was me.
• 1:01:24
  [SPEAKER_00]: Like, once I graduated, I'd be in just our daily immediately.
• 1:01:28
  [SPEAKER_00]: I, you know, I was going shopping.
• 1:01:33
  [SPEAKER_00]: when I was broke.
• 1:01:36
  [SPEAKER_00]: So, yeah, sometimes you have to have that epiphany thing.
• 1:01:38
  [SPEAKER_00]: Okay, I got that out my system so now I need to get it together.
• 1:01:42
  [SPEAKER_05]: Yeah, yeah.
• 1:01:43
  [SPEAKER_04]: So, Katera, when you ever see yourself splurging on yourself, where it's like, I ain't even going looking my bank account, I'm just going to deal with it when I come back.
• 1:01:51
  [SPEAKER_04]: Or whenever whenever I come back home, you're just going to come back and look at it.
• 1:01:55
  [SPEAKER_00]: Yeah, well, I do believe you're treating yourself like I don't just work work and save saves.
• 1:01:59
  [SPEAKER_00]: They like I treat myself.
• 1:02:01
  [SPEAKER_00]: For example, my birthday was in January.
• 1:02:03
  [SPEAKER_00]: I was a pair.
• 1:02:04
  [SPEAKER_00]: I spent about $17,000.
• 1:02:06
  [SPEAKER_00]: and Louis on Gucci and Burberry and Fendi.
• 1:02:11
  [SPEAKER_00]: Yeah.
• 1:02:11
  [SPEAKER_00]: That's why I got this one out of here.
• 1:02:13
  [SPEAKER_00]: From.
• 1:02:13
  [SPEAKER_00]: So I don't I believe in treating yourself like, you know, I'll work in no place boring.
• 1:02:19
  [SPEAKER_00]: So definitely, you know, just if you have buyers or more, don't do it, but I felt comfortable with that.
• 1:02:26
  [SPEAKER_00]: Like, soon as I got home, I paid off the card.
• 1:02:28
  [SPEAKER_00]: I went into free cash back card made my purchases and then when I got that call, I paid it off.
• 1:02:35
  [SPEAKER_04]: Well, not like that though because a lot of times a lot of people, they did like it's either there.
• 1:02:43
  [SPEAKER_04]: Overly spursion is like one extreme and then it's like another extreme, we're like either you overly frugal or you're like your overly spurgeon like it's really hard to be dead in the middle.
• 1:02:53
  [SPEAKER_04]: So the fact to see you like you're actually like well balanced out like you actually still go out or treat yourself like it's not nothing too extreme right because most people was like one of the other like most at a time and I want to jump into your app because I know that you you you you you you you created an app um and it's definitely helping people because you kind of tell us a little bit about the app
• 1:03:17
  [SPEAKER_04]: um a little bit more details about it and how like it's getting people results helping them save money.
• 1:03:23
  [SPEAKER_04]: What was the inspiration behind it?
• 1:03:25
  [SPEAKER_00]: So the inspiration was um I wanted to figure out a way for my services and products to meet meet the masses.
• 1:03:33
  [SPEAKER_00]: And so what I did was everything that I teach my class to do
• 1:03:38
  [SPEAKER_00]: In a session, I wanted them to be able to execute an app versus manually doing it because I was mainly doing it.
• 1:03:45
  [SPEAKER_00]: So I created the app is the MST budget and print app available on iOS and joy.
• 1:03:50
  [SPEAKER_00]: And so you're able to keep track of your credit card debt, keep tracks of your saving, keep track of what you spend, and you're also able to list all of your bills, reoccurring bills,
• 1:03:59
  [SPEAKER_00]: And it'll automatically tell you what you're able to say you're based on your entry.
• 1:04:04
  [SPEAKER_00]: So if you list all of your bills, you give your list your allowance, but you want to pay yourself.
• 1:04:08
  [SPEAKER_00]: It automatically tell you what you can say based off of your income, because you will type in your net income, which is what you bring home after Texas.
• 1:04:15
  [SPEAKER_00]: And so it also helps you align your bills with your paychecks, so you're not paying your bills late.
• 1:04:20
  [SPEAKER_00]: So we want to promote paying our bills on time, because that affects our credit.
• 1:04:24
  [SPEAKER_00]: It's all.
• 1:04:24
  [SPEAKER_00]: Inclusive so that's why I wanted to create the app so I teach you the education now I'm giving you a tool to actually implement what I've taught you.
• 1:04:34
  [SPEAKER_04]: That right there is really needed too, because a lot of times, a lot of people ate too busy out there, hustling, you know, some people working Fridays out in the week, 60 hours a week, and by the time they get they check, you know, half of their probably come back, and they're like, where did it go?
• 1:04:50
  [SPEAKER_04]: It's something that's in their budget or something that they're not.
• 1:04:55
  [SPEAKER_04]: accountant for that needs to get broken down.
• 1:04:59
  [SPEAKER_04]: So that's something that I feel like they'll find a lot of value in like because it also categorizes your purchases.
• 1:05:05
  [SPEAKER_00]: So you can put what you spend on food or travel or you know be what other that you have you can use to let the category.
• 1:05:14
  [SPEAKER_00]: And so so the ebook that I have on my course you get the education.
• 1:05:18
  [SPEAKER_00]: So now I'm giving you the tool to actually implement.
• 1:05:22
  [SPEAKER_02]: How long did it take you to build it and like, you know, like, what was like the almost the backstory on that ad?
• 1:05:29
  [SPEAKER_00]: It took me about two months to get it developed.
• 1:05:31
  [SPEAKER_02]: Wow.
• 1:05:32
  [SPEAKER_02]: And how'd you find your developers by the way?
• 1:05:35
  [SPEAKER_00]: All right.
• 1:05:37
  [SPEAKER_00]: I did my research.
• 1:05:38
  [SPEAKER_02]: Yeah.
• 1:05:39
  [SPEAKER_00]: Yes.
• 1:05:40
  [SPEAKER_00]: It's a lot of late nights and meetings and, you know, testing, and I had to test it.
• 1:05:45
  [SPEAKER_00]: I had to even go by Android phone because I have iPhones, I had to go by Android phones.
• 1:05:50
  [SPEAKER_00]: It's just to get a test.
• 1:05:51
  [SPEAKER_00]: It's a mixture.
• 1:05:51
  [SPEAKER_00]: It's function.
• 1:05:52
  [SPEAKER_00]: Because it's two different platforms.
• 1:05:54
  [SPEAKER_00]: I learned a lot.
• 1:05:54
  [SPEAKER_00]: Right.
• 1:05:55
  [SPEAKER_00]: Android.
• 1:05:58
  [SPEAKER_00]: I was, they run differently.
• 1:06:00
  [SPEAKER_00]: No, I had to test it on both systems to make sure you know it worked.
• 1:06:05
  [SPEAKER_02]: Wow, and then like, as far as like, you know, going out there and starting to act like, what was like, like, the investment to do that, like, you know, did you have to invest a lot of money, did you have to take it to your savings?
• 1:06:19
  [SPEAKER_00]: There's so many ideas, but that's the point of having the savings for opportunities never being prepared for opportunities So when they present themselves you can run to play.
• 1:06:28
  [SPEAKER_02]: Yeah.
• 1:06:29
  [SPEAKER_02]: Yeah.
• 1:06:29
  [SPEAKER_02]: Yeah.
• 1:06:29
  [SPEAKER_02]: Yeah.
• 1:06:30
  [SPEAKER_02]: That's a good start.
• 1:06:31
  [SPEAKER_04]: Who was some like who was some people that you kind of you know that you listen to To get like financial advice or like people who you know you might listen to how pie cats or you might listen to certain things
• 1:06:45
  [SPEAKER_04]: Like who, who was some of those people that kind of gave you that advice on like how you savings or go to the street?
• 1:06:52
  [SPEAKER_00]: Um, it was one of my co-workers that I worked with.
• 1:06:54
  [SPEAKER_00]: We were always talk about financial um topics and he told me about how you'll save it.
• 1:07:01
  [SPEAKER_00]: So what I did, I did my own research and I started looking into it and then with me, um, I just tried it myself to see like if I liked it and I'm like, okay, well, I'm earning interest opportunities.
• 1:07:14
  [SPEAKER_00]: Okay, this actually
• 1:07:15
  [SPEAKER_00]: You know really hold in on it and start doing comparing what banks are better than others and then what's the banks?
• 1:07:23
  [SPEAKER_02]: Did you mention this on like the the highest savings accounts that you go to is it you said bright, right?
• 1:07:29
  [SPEAKER_00]: No, it's genius right, well front ally open bait.
• 1:07:32
  [SPEAKER_02]: Okay, good good good and then question now because you know like
• 1:07:37
  [SPEAKER_02]: I don't came across a lot of, you know, people with different leaders in the industry, you know, like, for example, like, they've ran Z, like, people like Grant Cardone, they say, like, yo, get as, like, get to zero, ASAP, like, you know, everybody has different theories, like, what's your take on, like, the Dave Ramsey theory, because, like, he's so big on, like, paying off your credit cards,
• 1:07:59
  [SPEAKER_02]: literally don't borrow any money, don't finance a car, like don't buy a house, like go everything, save the cash, like what's your take on that?
• 1:08:09
  [SPEAKER_00]: Well everybody can't do that for one.
• 1:08:12
  [SPEAKER_00]: For two, you know, every one situation is different.
• 1:08:16
  [SPEAKER_00]: I do believe in paying off your debt.
• 1:08:18
  [SPEAKER_00]: Yeah.
• 1:08:19
  [SPEAKER_00]: But as far as not taking out a long to do anything, I don't agree with that because
• 1:08:28
  [SPEAKER_00]: pursue opportunities as well.
• 1:08:30
  [SPEAKER_00]: So like for example, when I bought my first home, investment property, I took out a long to do, you know, the rehab.
• 1:08:37
  [SPEAKER_00]: I used that.
• 1:08:38
  [SPEAKER_00]: I did a long, um, but it, you know, I ended up earning past a income off of this old.
• 1:08:44
  [SPEAKER_00]: I don't believe in not getting a long from anybody.
• 1:08:47
  [SPEAKER_00]: Like use it to your advantage, use it to set yourself up to excel to it.
• 1:08:52
  [SPEAKER_00]: Right.
• 1:08:52
  [SPEAKER_06]: Yeah.
• 1:08:55
  [SPEAKER_04]: That right there is so true.
• 1:08:56
  [SPEAKER_04]: It's like real true.
• 1:08:58
  [SPEAKER_04]: So definitely, um, I did want to actually too, like, stepping into, like, the expression with the clients, you could help.
• 1:09:07
  [SPEAKER_04]: Like, is there a time where it's like,
• 1:09:13
  [SPEAKER_04]: they might not like have it because a lot of times it's like you also think about the aspect of somebody who's struggling financially, but they're seeking financial help like how does how does that work how do you come in and you know you still provide them a service like they like hey I'm down bad 18,000 like you know credits probably you know shot as well like
• 1:09:41
  [SPEAKER_00]: we have to take baby sips.
• 1:09:43
  [SPEAKER_00]: So first off, when I look at their, you know, their budget plan that I make for them, um, if they're able to save a little bit of money, you know, start saving because then you can pay some out of the future, create it.
• 1:09:56
  [SPEAKER_05]: Yeah.
• 1:09:57
  [SPEAKER_00]: You know, you can, that's the point of the savings.
• 1:09:59
  [SPEAKER_00]: So you can pay for a mentorship.
• 1:10:00
  [SPEAKER_00]: You could pay for a creative repair.
• 1:10:02
  [SPEAKER_00]: You could pay whatever you need.
• 1:10:04
  [SPEAKER_00]: So, you know, just, I'm honest with them, but I also tell them like,
• 1:10:10
  [SPEAKER_00]: This is not the end.
• 1:10:11
  [SPEAKER_00]: I'll be like, got to start somewhere like I would if it again.
• 1:10:16
  [SPEAKER_00]: If I could do it, you can do it.
• 1:10:18
  [SPEAKER_00]: I was a little mother.
• 1:10:19
  [SPEAKER_00]: So just, you know, being honest with them, of course, but you know, we strategize and you know, I give them tips like like that.
• 1:10:39
  [SPEAKER_04]: This is a lot of value, definitely a lot of game.
• 1:10:45
  [SPEAKER_04]: I feel like anybody watching is going to get so much value from me.
• 1:10:48
  [SPEAKER_04]: And even the way you broke certain things down, I'm pretty sure it's going to help somebody out there.
• 1:10:53
  [SPEAKER_04]: A lot of people are really out there, they're here struggling.
• 1:10:57
  [SPEAKER_04]: you know um a lot of them feel like it's no way out like you know it's just especially when you're drowning in pills you got letters and a lot of times when you're drowning in debt you know these things like the letters don't stop like it's just like you are at some point some people they just ignore it you know they they don't pick up the phone they kind of just don't even go pick up the letters no more so you know
• 1:11:27
  [SPEAKER_02]: Yeah, and then also like what's one last thing that you probably advise a person like, you know, just going through the struggle going through the journey and it may not even be a struggle like just
• 1:11:47
  [SPEAKER_00]: that stewardship is the prerequisite for elevation and don't pray for overflow in this town of the provision.
• 1:11:57
  [SPEAKER_00]: Those are my two things I would always say.
• 1:11:59
  [SPEAKER_00]: Those are my two big points.
• 1:12:01
  [SPEAKER_00]: You know, don't give up hope.
• 1:12:03
  [SPEAKER_00]: It is a way out and just you just have to be honest with yourself and just
• 1:12:08
  [SPEAKER_00]: Right out all of your bills like I did.
• 1:12:10
  [SPEAKER_00]: That's the first thing right out writing out all of my bills my income and making sure I can align it as close as possible.
• 1:12:17
  [SPEAKER_00]: So I'm not late on the bill.
• 1:12:20
  [SPEAKER_00]: I think that's that's very important.
• 1:12:22
  [SPEAKER_00]: That's that's the start because that's what I did.
• 1:12:24
  [SPEAKER_00]: That's how I started.
• 1:12:25
  [SPEAKER_04]: Yeah.
• 1:12:26
  [SPEAKER_04]: And to close off, it is 2026, you know, we're still in the first quarter.
• 1:12:31
  [SPEAKER_04]: So like, we'll be like, your top financial advice or like your top budget advice for someone that's watching this right now.
• 1:12:40
  [SPEAKER_04]: Like, we still got a few more months left.
• 1:12:43
  [SPEAKER_04]: So they don't end off the year, broke into press.
• 1:12:47
  [SPEAKER_00]: Um, whenever you get a lot of stuff lump some of money like a bonus start income tax like use that to get a hit and that's what I've been tried to stress the people is since it's income tax season, um, use that to get a hit like I packed clients worldwide by some that as well like I had a client last year and I'm like, hey, use your income tax money to pay off this day and so now you can start you can start saving you can start in the head.
• 1:13:13
  [SPEAKER_04]: That's so true because that's that that that income tax is coming and a lot of people They use that.
• 1:13:20
  [SPEAKER_04]: Hey, let me go on vacation.
• 1:13:21
  [SPEAKER_05]: Right.
• 1:13:22
  [SPEAKER_04]: Let me go even let probably go on the shopping spree.
• 1:13:25
  [SPEAKER_04]: You know, so Knowing that they need to get ahead.
• 1:13:28
  [SPEAKER_04]: You know, it's great advice.
• 1:13:31
  [SPEAKER_04]: Yes, definitely great advice.
• 1:13:34
  [SPEAKER_02]: Yeah, yes, yes, and how can the people find you?
• 1:13:37
  [SPEAKER_02]: Where can they tap in?
• 1:13:38
  [SPEAKER_02]: How can they get what you in your services as well?
• 1:13:40
  [SPEAKER_00]: Well, I am on Instagram as the budget vote, Facebook, Qatar, Keenan, and my statement techniques.
• 1:13:47
  [SPEAKER_02]: okay great so listen guys I absolutely told you guys that this was gonna be a great episode you guys definitely learned so many different strategies the kind of accounts that you need to have the ways on how you can start saving money how you can start consolidating these debts all the way down to zero so that way you can get ahead and start making changes where your finances again this was another episode of motionist success um any final words for you two rough
• 1:14:13
  [SPEAKER_04]: This is a really good one.
• 1:14:14
  [SPEAKER_04]: Like I said, I'm pretty sure people are going to learn a lot.
• 1:14:17
  [SPEAKER_02]: Yeah.
• 1:14:17
  [SPEAKER_04]: So definitely tapping with Katera, get your finances, right?
• 1:14:22
  [SPEAKER_04]: This is 2026, yeah.
• 1:14:23
  [SPEAKER_02]: Yeah, definitely.
• 1:14:25
  [SPEAKER_02]: Yes, yes.
• 1:14:25
  [SPEAKER_02]: Don't hold onto the old baggage and you know, keep doing the same thing over and over.
• 1:14:30
  [SPEAKER_02]: Again, like, comment, share, and subscribe share with the friends share with somebody that you absolutely know needs to hear this podcast episode because we dropped a lot of game on this one.
• 1:14:40
  [SPEAKER_02]: So, guess what, I'll talk to you guys on the next one.
• 1:14:43
  [SPEAKER_02]: Um, peace.