All right. So, um,

you do this weekend. Anybody seen good movies? Anybody go on a nice day? It's my single friends, spunky.

Um, and then here we go again. This thing, oh Anjali. Wait a minute. My friend girl, my single friends, Joey and Spiky [inaudible] boot [inaudible] you'll see actually dropped down. No, no, no, no. Let me correct you. Ooh, I got a booth done in clue me in on that conversation. And they're in trouble. VB now she feel obligated to say his name next time. You know you're gonna go home. Had a conversation also. He used single now, right? Exactly. New Blades. So while you're good, have you been ahead of it or the other conversation of, Oh, we're in a relationship. So then we had that conversation. So I didn't know. We boom. Now I know that we were just friends. Well, I thought we were more than boon. He knows. He knows. I love it. Flu,

we love it. But this weekend I went to go see the movie little, have you seen the phrase? Yes, I've seen it all. So I haven't seen as, give me a secure Regina Hall, the young lady from Blackish, I hate that, don't remember her name because she played a huge role and she's the youngest black producer in Hollywood. Yeah. She executive produced here with her appearance. I thought that was really dope. I think it's, that's how you pronounce it. Yeah. I thought that was really dope and I was like, she just seemed so old. Like she has such a old soul [inaudible] for her age, you're going to see her play that out is very, very well. He does a really good job of it. I thought that it was a great movie and we'll put together. I kept my attention the whole time and it wasn't as predictable as I thought it would be and it was funny.

Yes, that's good. It was funny, which is what I didn't necessarily expect, but I laughed. Yes throughout the entire movie. Yes. He says humor. She has kind of an awkward girl. She did. I love it. If you've never read her book, the Awkward Black Girl. I actually have it on never my autumn in here. It's great. And then if you have not seen insecure, please watch. Oh my, what are we coming up on? Season three? Yes. Which actually does not come back until 2028 what's, yeah, I just just got an article about that. Yeah, that hurts my heart. What is it? Okay. I was having another conversation. Why does it take so long for these shows to come back out? Like you need a whole year? So what I heard is that she is engaged and she may be pregnant, but you know that's just, you know, little teeth.

Wow. But definitely her, she's engaged. Yes, definitely heard she's engaged. Yeah. Jonathan Star. Yeah. I don't think it's a star. So spunky, since you've seen the movie little, what was something that stuck out to you? Oh it was so many pieces in it. It almost fucking made me cry a little bit cause it was like we'd take for granted being that age and in that movie you kind of see how she didn't resolve certain issues at the age and it came to with her through adulthood. And it was crazy. Cause of course, I mean I'm not going to tell the movie, but you know, she could race back to being little and he has a face those issues. And I just think that it's so many things that affect us when we're little and we really don't know until, I mean we won't have the opportunity to go back to being a little game lily probably that, that's not going to happen.

I'm sorry she didn't see herself until somebody with a magic wand. Right, exactly. Exactly. Or we can be like Benjamin Button. Yeah. Rather now the majority of the cast was African Americans. Yes. Pants. It

just shows that it just shows that we, um, can, can produce something that, um, that ranks in higher numbers as well as you know, counterparts. And so I wanted to, um, speak about that a little bit, throw that out there. And also the fact that we as, um, women, I think kimberlites so much for those of you who've seen the movie, um, because we go through so much when it comes to other women and peers and thing, even as adults, the struggle that we have when it comes to building relationships with women. Well you think that when you become a certain age, certain characteristics that people kind of fade away. And in this movie you will see that even though she was older, she still had that childish kinda attitude about life and how she wants to handle things.

And just as you say at spunky health, the, we don't realize how things that we experienced as children affect us and carry carry on into our adulthood, um, and make bigger problems because we're big women, um, or grown women rather. Um, so overall I think the movie was amazing. I think it had a great message in addition to offering, um, laughter for sure. Yes. And if you haven't seen it, please go see it. I haven't seen it so I have to get up on game and go see it myself. So you guys get like me and go see it. So on this episode of Gill, stay with me. Good. Okay. Wait a minute. That's not it man. But if that's how you want to pronounce it, you can just speak it as good like g u h but not so it was like good. You have to roll their tongue. Good. Yeah,

there we go. Come on. And one more time. Cause she said it with you. Okay. I'm going to blame you one more time together, Gan. Oh my gosh. That sounds so good. Okay. Probably listeners out there. Listeners out here.

So just pause and be like Gann them. So it stands for glow up ladies, cod, cas. And so we're here to laugh. We're here to inform. We're here to empower women of all ages and raced. Okay. We're here to let you know that it's okay to be a woman, how to be a woman, how to glow up in your different phases of your life as a woman. Um, so that's what we're here for. So our topics today kind of, do you have a good one? We got some good ones, but they're kind of deep. Everybody doesn't like to talk about finances. That's really something that people kind of shy away from. But today we don't talk about them. Finances ain't [inaudible]. And before we go to Spunky, you're listening to BB right now talking TB. That's me. Yeah, she's our sacred leader. Oh,

you didn't want that title. You got it, girl. I became a leader overnight leader. But now BV

seriously is the reason why we're all sitting on her couch in her house right now. I really appreciate you spearheading this adventure. Thank you for choosing. Yes. They might tell you where we're in it. We're interviewing with the few episodes. Yeah.

I told them that they made the cut. They made the, that they're here to stay. You know, even though at Thanksgiving there was gonna be kind of awkward. Like [inaudible] I'll take you down. All right. I'm not dating guys. I'm just kidding. That's not me. That's not my character. I can't get rid of. I can't get rid of spunky. She my cousin, she's not going nowhere. So this weekend,

this is lucky guys. I re are gonna speak on what phase we are in our life as it relates to finances the most, I guess underappreciated it yet most of important topic that you can hit, whether it's with your spouse or friends or coworkers. Just to kind of get some idea because I think the more people you talk to, the more ideologies you have on better ways to say for sure. Lush your money. My goto and I guess we could just go through the line as far as each, our use when

it comes to talk about finance and that would definitely be my dad and my brother. I mean they're like gurus with this stuff. I mean I'm just on the break and it's really sad. So I'm not gonna admit this on open mic. It does. It gets in my dad every hears it's got the finance econ major. But the fact that you know, I mean adulthood, I found out what a Roth in a traditional IRA.

Well, and I know her dad and her brother and they do not play when it comes to [inaudible] at all. You were thinking you, you're talking to a computer. Oh my gauges. Like, like you think you know about finances, just wait and talk to them. You right. You gotta be sitting there quiet and game.

Fully employed as an attorney and according to my parents I'm broke. So that just has it right now as far as like their ideologies when it comes to finances. I mean they don't play, but a few of the topics that I want to talk about in particular as it pertains to me because overall we're just talking about what our individual, what individually we are and phase we are in our life as it pertains to finances. I had a three talking points and the first one was savings. Yeah. She came prepared this week. I mean I wrote that stuff down and everything cause they talked about me last time. They were like, oh it's usually to go out to customer. Yeah.

Well let me tell y'all who came the most people here believe so Joey came here with the panel that y'all, she had the thesis. Google. She was ready. Ready again. Joey was Railey ready provided no. See with the a student, they always come to play with us at all. She was prepared. She was like, let me show y'all when I know when I got. So I wrote some stuff down so I can be on her level. And the old does she have a, she got some stuff today but it's all well-meaning

and I hope that I can help someone else that's listening in and learning how to save and do better with it. So three talking points as EBV interrupted me, but I'm to get back on a test. So we have savings, home ownership and student loans and remember gases as it pertains to me individually. So those are some of the points they were going to hit on. And each individual person up here has different situations going on in their life that they're going to focus on this though. Don't turn the station just yet it those three don't. Proterra knew you personally. So as savings. So as I was joking earlier about the whole traditional versus Roth Ra, I mean it's the most simplistic form. Our Roth, the difference between the two, a Roth Ira, your tax withdrawals are text free. So once you put money in, after all those years of age of retirement, you're able to have job that money tax free.

So your texts on the front end compared to a traditional Ira, your texts when you withdraw your income tax so you're not taxed on the front end, your texts on the back end. So to me personally, it would make sense for a Roth Ira because as we get older, our income is going to increase. So instead of me being a text at the highest peak level of whatever income I have at the age of, I believe it's 65 for retirement, is that correct? Um, is that me being a text and whatever income I have at that age, I'll be techs at the age that I have now at 31. So it makes more sense for you to get texts on the front end. So that would be associated with a Roth Ira. So with those, the savings, there'll be 401k in the Roth IRAs that, um, I would be particularly pertaining to or that would affect me the most.

And of course, I mean you can never save enough. And in fact, we're gonna talk about this a little bit later as far as the statistics and how they say, of course, millennials are the worst as it comes to saving. I mean, I think at the median average when I was reading Barron's earlier today was that is $2,400 that we all have paid like as an average of Americans. So you know, this pretty set and we could all do better. Definitely. I know I can. And as far as like home ownership, I mean, I'm not interested in making the jump from staying with my parents to an apartment because I just don't see the benefit in going in to

pay rent. So I will want to save enough money to actually buy a house. And, uh, in doing this whole topic, I had to consider it effect of whether or not I was going to be in Birmingham, you know, and it doesn't make sense for me to buy a house in Birmingham if I don't plan to stay here long term.

So those are all factors that I had to consider when it comes to moving out and whether or not it'd be a home or versus an apartment. And I mean it's definitely benefits in buying a home. I mean I know BB is going to hit this on the hit as far as like your equity and things that you get by putting down their mortgage and sound of your life away for 30 years and know that it's, it can be benefits to it, but it's also hassles to, you know, me being a single, I got it. The w think break, you know, this me down there is like I'm calling my dad and brother, but I mean it's supposed to be me down there fixing it. So, I mean it's different houses and things that come with home ownerships and those just all factors that I am personally considering.

And then my last topic would be the student loans. So I recently graduated from law school, get my JD MBA and just amble break JD MBA. So I mean I'm not gonna tell you the baseline numbers as far as how many student loans out own, but I think that it's important to pay those down is good debt, but at the same time is real debt and it comes every month and probably what you're paying in the mortgage, I'm probably should be paying in student loans to get those knocked out because you only get 120 months, which is I believe 10 years. So as the day you hit with a huge text view, and again it goes back to that, I'll be texting at whatever bracket I'll be in by the age of 42 versus now. So I mean there was just all just different factors that I'm considering, um, when it comes to saving and purchase them make. And then we're going to touch on later on why it's so hard for this generation to save. But I just want to talk about those three in particular as it pertains to me. And I'm going to pass the mic to Joe. So I do have a question about, um, as far as your savings, I know you said you touched on 401k

and a Roth. So those are things that

you actually have now. Right. Okay, Gotcha. Yes. And I'm actually trying to work on a stuck like as far as investing in that too because I just saw articles and lot of them mentioned the fact that instead of putting it in just as a same as a cow that doesn't have interest or anything or crewing towards it, it makes more sense to invest in like stocks and put your money that way so that you can have an investment and get some money return on that. Nice. Nice. And then do you have your own personal savings account? Yes. Okay, cool.

Good, good, good. So when we chose this topic, uh, it is a little bit of a touchy subject for some of your sweating guys.


It is a bit of a touchy subject for me. So I was just like, you know what, here we go. Let's make it happen. So when somebody asked me like, what phase am I in in my life when a pre as it pertains to finances, I would sum it up in three words. I would say loss, confused and figuring it out. Um, and that's okay though. The first step though was acknowledging that this is true. This is true. Um, I feel as if once upon a time that I knew what I thought I was good in finances, but I had a little bird, by the way of my husband Joseph have tell me that you're not really good in finances. You have, you know how to save money and you make enough money. And so I had to look at the big picture there and just be like, yeah,

you know what?

Um, I was always a person. Like my mom always taught me how to save whatever you make. So pay yourself. Um, she would always say pay yourself first, save either 10 or 20%. Um, and that's something that I've done ever since I graduated graduate school. Um, by the way, I have two degrees in chemistry. You have a masters in computational chemistry and I went to Auburn University. Woo worry. Oh, so after, when I was, while I was in graduate school, I was getting paid off a stipend. And so every time I get paid off my stipend, which I would say if you ever try and go to graduate school, please go for free. Um, if you can. Um, and if you can't, um, you know, try to find some way to a, supplement your income in some way because going to school is pretty hard sometimes, especially if you're trying to get any type of advanced degree, but to go backwards.

Um, I really always try to save any type of money. When I did get paid, I would always pay myself and put it in my savings account. So I have a savings accounts and, um, I tried to save money, um, since I had a transition in my life. After I graduated graduate school I was at, I had a big girl job as I called it. I was working, um, a job in Atlanta as a software consultant and I was saving a lot of money because I stayed at money, money, money with my parents and I would save a lot more money versus a little bit of money because it's like, okay, I don't have any bills. I didn't have bills to pay. Um, so I was just like, okay, we're going to save this money, we're going to. And then on that time, and you know, I was saving money, I was spending money too, cause I was going trips and buying clothes and doing all this other stuff and having the time.

And so moved to Birmingham. Oh right. And I was traveling, you know, back and forth, the Birmingham and different places. So, you know, but again, I still made enough money. I still saved a lot of money, you know, aren't as good. And then it wasn't until I took this, um, uh, the life hit me in a different way and I lost my job. And so I had to kind of figure out, you know, what am I going to do next? And so when the moment I lost my job, um, I would say it was a good thing. It really was because it was a character building moment and an eye opener for me. And it allowed me to see life for what it was and to figure out what I wanted to do. And with that being said, like I had to make a transition in my life from finances because even though I have, you know, great credentials, I have two degrees, all that nice jazz, it was hard for me to find another job.

And, um, I went through the process of interviewing and do all these different things and things just didn't go the way I wanted them to go for myself. And so, um, after I was with no job for two months, I, you know, landed another job. But that job was tremendously different as well as a low way decreased amount of money that I was compared to what I was making prior to. So therefore I had to reshape my life as it pertains to financing. And it was very, very hard for me because it was like I was accustomed to a certain lifestyle. I have a, you know, a nice car. I, you know, I like nice things. I like nice clothes. I want to go travel, I like to go out to eat, I like to do all these things. So it Kinda like hit me like trying to keep up with the Joneses in a sense as well as not making any coins.

And so all the money that I did save, cause during that time when I worked at, um, in Atlanta, I had a 401k as well as I had a savings. So I did those two, um, didn't have any stock or whatever, but had those two and um, that got me through. And so with that being said, like going from a, a job that has a lot of money, then you're not making that much money. It's just like, okay, what do I do now? It's just like, okay. Um, so I had to, I had to, I had to hustle, I had to figure some things out. So I did start a business where I was selling hats for awhile. Um, and, and that was, it was, it was cool cause I had to figure out all

the different numbers on like who I was going to get a wholesaler from, how I was gonna price out the hats, you know, how much is it going to cost for those different things.

And that stuff did help me. All the while I was doing, um, while I was doing the hustle of selling the hats or whatever. Um, I was also still utilizing my acorns account. Um, which acorns is an app that you can download, which allows you to, uh, save money by rounding up everything that you spend. So if you were to go to, say for instance, and you bought $150 worth of groceries, I'm anything to, I think it's like, can we a wrong when it comes to this, like I think it's too, uh, the sin, they will, they'll add that to your, uh, acorns account and so therefore you're saving money as well as you can deposit money into that account every month if you like. So this is in addition to your checking again. Okay. And so it could literally come out of your checking account.

So you kind of essentially could kind of look at it like a 401k. Like you just, you're, it's money that you don't see because they will come out to your account. So if you want to put over a hundred dollars in your acorns account, you can do that every month. Okay. Um, I used to do 20 just because I was just like, yeah, I want all the money over there. Cause I was already doing the 401k and all that kind of stuff. So I was just doing that $20 a month and it really helped me in the long run because all that money that I was saving while I had a great job, it helped me when I didn't have a great job and then I could rely back on it to say, okay, need some money, where do I get it from? Okay. The money that you already saved, I won't necessarily recommend that.

But when hey, desperate times lead for different measures, so you gotta do what you gotta do. Right. Um, so yeah, so you know, going that transition of like not having money and trying to figure it out and hustling, all that kind of stuff, I'm still in that phase of my life. I did get a better job. So I would say from that point where I had the job that made like whole bunch of less money, I do make more money now, but it's still less compared to the money that I may want to have in a big girl job. And so now I'm just in this part of life where it's just like I need to really figure out what's what I need to do and how I need to do it and reshape how I look on how to do my family finances because, um, I don't really do well at saying no to people.

I want to do everything. I want to go everywhere and in every time you want to do everything, go over where you need some money. Um, yeah. Um, so with that being said, um, I started doing a budget and things of that nature to help that I'm still not the best at it because again, my mindset is like, oh, I want to go. And I do. Um, so it's just something that I'm working on. So that's why I say I am definitely in a part of my life where I'm lost, confused and figuring it out. Well, you're not alone. I have some steps that we're gonna talk about later. That's, I mean it won't be shocking cause they said millennials are the worst at everything. So we're really knowledgeable. Further prove that today. What'd you got Joey? You know, so I completely agree with BB. I am, I was telling them prior to coming on the podcast that I just need a complete do over. Um, I am confused and figuring it out. Um, my story is a little bit different, um, because in 2014, um, I had my first child and so literally the day that I was supposed to return to work my, at the time

and I, um, talked about it and I was just like, you know what, I'm going to walk in there and give my notice that I'm quitting. And, um, I made that decision to care for my daughter full time. And so of course that means even though I'm saving creek, they care money. Um, also, um, this one less paycheck in the household, right? So, but we made the decision to do that and I stayed at home with her for almost a full year. And, um, when I, with time, when I felt ready, okay, I'm ready to get back in the workforce, she's old enough where she can, I can trust somebody with her, you know, things of that

nature. I went, um, and went through interviews on top of interviews and I was offered one job, which as BB made significantly less than I was accustomed to making. I think the, the, the offer that was given to me at that time was the same in 2009 when I began my career as a social worker.

And, but that was the only thing that was offered. It was something that I was interested in. Um, I had not had the experience, so I looked at it like, okay, it's not the pay but the pay that I desire, but it is experience gained that I didn't have before. So I accepted the position making significantly less at at least 10,000 lists. Um, and I did that for a little over a year, or at least a year. And then I transitioned to a job where I was making the most that I had ever made. But during that process, or shortly after that, um, here comes divorced. Oh, here comes divorced. So, um, you have a [inaudible] soft or, oh, here comes divorced and I'm having to dish out money for that, for an attorney. Um, wish I would've known spunky, even though she doesn't deal with that, but, um, but I had to dish out money for that.

And then, um, unfortunately debt that I was left with, um, as a result of the divorce, um, kind of just took me, took me in a, in a, in a, Oh, put me in a bad place, I'll say that. And, um, my, the day era, yeah, my minor said beg for a major comeback. Yes. And I, it was, it has just been a struggle trying to figure it out to get out of that dead, um, and to rebuild. And so at this point in my life, say that in addition to being confused and trying to figure it out, my focus is on family and career building. Um, and with that, just rebuilding finances, um, and life in general, eliminating debt, growing savings, longterm family planning, um, which

includes children. Um, my significant other has children as well. So, um, yeah, so I'm just an a and saving for retirement as well. So, and in a big piece, in addition to, um, career planning is I have my own business. So trying to manage that and build for that, um, is also, is also a big factor in my life. So, um, yeah, with all of that it has definitely been a struggle. Definitely been a struggle. But I feel much better in this, in, in the place in my, where I am in life at this date and time, um, than I did prior and I'm still figuring out, but I, but my outlook is much better, more positive. Yeah, for sure. That's awesome. That's really good. That's really good. I would like to add as far as like, um, I didn't mention that the different things that I have.

So like, like spunky said, I have student loans from Undergrad. Um, like I said, I went to Auburn for free, which is blessings, but I do have student loans. Um, I would say, you know, you just have to figure out what is best for your situation. They have so many different plans, so please do reach out to your, um, student financial aid to figure out what's the best plan for you. Because sometimes paying for these student loans can really get you very much. So alongside the student loans, I do have a 401k currently and I do invest in apple stock, which is great. So I have it your trading account. Um, um, and then on top of the, uh, the student loans in this 401k in this savings, my savings, you know, the, the, the lesson that my mom taught me as far as paying yourself has kind of went out the window. But I'm going to get there again, just pushing your baby steps. Don't get back to where I used to be.

So now we're going to get into why do we think it's so hard for millennials to save? And before I go down the line and next everyone their answer to that particular question, I just want to give out a few stairs. So I just wanna get about definitions of various of millennials. So according to this article and CNBC, millennials is anyone who has been born between ninth and 81 and 1998. That pretty much covers everyone in this room. So, unfortunately it says that we only hold about $2,400 in meeting total. Total savings according to a recent survey says not very a lot. That may be like, what, two months rent or mortgage in a particular instance depending on where you live. So you guys, we got get our money out, we gotta we gotta get our weight a little on that. So what are some of your thoughts, Joey

or bebe as far as, what do you think is why it's so hard for millennials to save? While on new for me, um, my, my siblings are 16 and 13 years older than me and I don't know if my mom just got tired because she wasn't expecting me or just, she really wasn't expecting me, um, or or way because it's just like I, she didn't teach me much of anything regarding finances. And so everything that I've learned, I've had to just struggle and learn on my own. Um, she taught me how to be a great woman. Yes, for sure. Um, taught me to go after everything that I want in desire in life. Yes, most definitely. But when it comes to finances, which we talked about earlier in the intro, it's the most critical, most important piece or one of the most important pieces to maneuvering through life.

I did not receive that, that knowledge that, that information. And so for me, I think that is the root of why it's such a struggle now because my foundation wasn't solid. Right. And so because as a result of my foundation not being solid, I've been struggling and continued to struggle, continued to struggle and, and um, um, even when I save, it's like, oh, something happens and now I have to get it back. Right. So it's just like, you know, that foundation when your foundation, um, is not where it should be or as it should, that you had everything that you wanted and needed it. [inaudible] and she, she bent over backwards to make sure when I was in school, you know, she made sure that I had everything that I needed regarding finances to, to meet my daily needs, a weekly needs or whatever that looked like. But as far as just the educational piece, the knowledge, I just, she did not, she did not give me that.

Yeah. Right. And I think that has to do not to, you know, knock it are black people, but black parents do not really talk about finances. Right. Um, that's not, that's a generalized statement cause there are black parents like spunky said that do talk about finances and that something that they're very interested in and something that they hone in on. Um, but there are a lot of black families and that do not talk about finances because quite frankly they just don't have it. It's things who savings would you talk about what you know, there's, there's nothing about, there's, there's no money to save because all the money that they are making are dishing out to the children that they have. Um, so that is another reason why, of course there are a lot of millennials now who just like, how do you save money? What is a 401k or what is a Roth Ira? You know, just had that conversation and they don't know that until, till they grow up. When it's presenting in their face and they're just over here like, um, living check to check kind

of thing. But I also would have been if schools would have taught that don't understand when you don't teach you life schools, large life skills, it just doesn't make any sense. I mean instead of lowing x plus y [inaudible] in your life at all, unless you want to draw a diagram on a board. But like literally it, it's, it's, it's something that I really do fault the school system for because they rather teach us those things versus teaching us real life skills that we're really going face to face then we have to deal with on a constant basis. Because you can't do nothing without money. You can't, you can't show that should be the forefront of math class. Right. And MBB you know about this, I'm going to an IOM, but I remember, um, even though I'm a little bit older, I remember every other day there was some bank in the middle of the dorm trying to recruit us to get credit cards. And you know, you, they give you all of this. Oh, if you sign this, if you sign up, you'll get, that doesn't send me without any knowledge,

awareness. I'm like, oh, that sounds good. [inaudible] for any money. Let me jump on there. And of course I'm approved because I don't have add credit either way. It's almost like they're praying on me, they're praying on us. So it's just like, hey, yeah we got her. Yes you did. And Yeah,

definitely did. And so it's just, you know, things like that, how we are set up to feel when we exit high school and then we enter college and they're praying on us and am ready to pounce on us because they are pretty sure that we lack the knowledge and awareness. Um, and we fall prey to, um, you know, the

outside the outside world, the pressures of, of easy, easy money in us in a sense. So, so I hope you guys are having a good day cause I'm probably about to ruin it with this next topic and it's the article on, I get that pretty much just said how much money you should have saved by the age of 35. So, you know, I touched on the whole more than anything else and how much were you say them as a whole, but so technically if you earn $50,000 a year, according to this article and CNBC, by your 35th birthday, you should have around a hundred thousand second away

low Charlotte. Right now it's 100,000

but that includes like your 401k, your Roth Ra is not just what you have your checking this. Okay. It can be, I mean your house, you know by that point, investments will have equity. They've got that much in your house.

That's what they believe on that. Right, right, right. I'm not saying that the wells Fargo is just chilling. No Way. What? You do not make it [inaudible]. No, let's keep blue. That right. We're not going to talk about how much money you can get by having a kid was there. Really,

you get that much money. You think they are the athletes or the woman that they make in flew down? Oh, definitely. It's the price you got to pay for getting fluid up. What's that Bible verse? Oh, what a person that lose their soul to have the riches of the land. Isn't that worth it at all? It's some like that.

Oh Yadda, read your Bible. I'm not even gonna try to [inaudible] you have that. Then you go, oh, I want to ask you guys how much you feel like you should have saved

foreign embark disease. Uh, like, uh, like how, how many months total should you have in your account that can prepare for if your, I guess lose a job or get sick on disability? How many months? I think it's, me and Joseph had this darn conversation before. It was like six months to a year. Ooh. PB Gold Star is just, what were you about to say? Chile. Oh, I was wrong.

Never. That's all we hear. BBC leader, that's all we hear. And for

the reasons that they said that you should have that same, this like you just never know what expenses may come up. So for you to feel secure, people like Dave Ramsey and Susie Orman, they all believe that you should have, and she even goes further. I mean she says eight months of year mark is what BB touched on. Whereas most people say within six months they should have saved in your checking account. In the case. Some happens to where you're, it's unexpected. I mean your car goes out or your house has someone unexpected, like the gas or something goes haywire. You had that in your account so you're not freaking out or have to go to those credit cards. And we were talking about earlier that can kind of be predatory because the interest rate on those is extremely high for sure or extremely high. And I would like to touch on, since you brought up credit cards, do you know that is literally why millennials are in so much debt is because of credit card.

I'm from an article that I read on CNBC that is one of the things that they actually focused on was not student loans, not all the other things that people think he is, but it's how many credit cards and the credit card debt that we have. So with that being said, I have a stat like spunky hat, right? So the average debt for a person, it's $42,000 according to a planning study conducted last year by Northwestern mutual. So in that's literally the average debt in credit card debt. So like in, in the things that they

initially sources, just like people can have like piss a lot of money. That is money that is a lot, didn't in general is a lot cause some people like the amount of student loans that people have. Right. And so that's student loans in addition to that, like that's not the average that wow, I have a shadow big number.

That's a lot. And I mean that brings on of course all the other factors of stress and things like that that can for sure bubble into other areas. One of the biggest stress is finances. Oh yeah, definitely. I mean in the article they also talked about how millennials said that it's extremely hard for them to save because they're either paying student loans or buying their first home, starting a family. So you know, that's all money allocated towards those particular, erm, I guess those additional per are growing. Right. And then all of that disposable income that you are working so hard to make, that point is literally decreasing. Right. And that's a mission. I can't wear the same dress on Instagram that I have. Girl, let me tell you, isn't that the treme? That's a huge issue. You know, you have to almost on this rebellion sense though of just saying, you know what, if y'all want to be on the tip of having a different out there [inaudible] y'all.

Yeah, it's become the norm and everybody has, it's just like, oh we don't, I've said it myself, like, girl, I can't wear the same thing I want [inaudible] right. And it's just like I had to change my mindset and say, you know what, it's not about that. You can literally wear those same pants that you had on Instagram with three weeks ago, but having different topics holding up the outage. Oh No, they will just like people put too much emphasis on what the world needs to see. And you know what? And I know going back to my college days, that was the norm back then. Every time there was an activity or an event or a bar. Yeah, we had to go get them. We had to go to the mall just [inaudible] we were so we had screwed up thinking [inaudible] what? It wasn't even true. It wasn't even founded. There was a, we have Facebook, but you had to scan all your pictures.

Like that is true. Days going to the mall. Every yes. Haygood I find the money [inaudible] but that goes back to our parents. I mean I'm not gonna blame everything on them, but they did make it easier for us to develop those bad habits cause it never, especially with girls, I mean my God, my brother has different arguments, but as happy as you're doing in college, but anyway with me, you know, I needed something. They would be there. Right, right. The struggle piece, I think that that really does, I guess not necessarily brain you, but kind of forced you to say to be responsible. Is that great? It forces you that mom, you should have been, you should have been more start with [inaudible]. Right. You should have been more stern. But in that time though, they would laugh, appreciate to go on a bus. [inaudible]

I appreciate you, but you should've been more stern. Right? Because it would have built more, I guess, awareness when it came to that finance piece. So I mean, do you have any other thoughts as far as like why is this hard to save? I mean, like we talked about student loans. Oh yeah. Media like a little Birdie to the right of me. Set inflation, a big d. It is, when I say from the baby boomer era to now to millennials, inflation has increased so much to the price of groceries, groceries, cost to the price of just living in your home, your bills do, you know, not much to beautiful. It's just like everything goes up and your salaries are not going up. Right, right. So it was just fine. So it's just like, okay, salaries are not going up, but all the rest of the world is going up.

So you're just trying to maintain all those things that you have going on. And so now another thing that I would like to point out, the pensions and things of that nature that our parents had when they started their jobs are being taken away. So you have to keep in mind that we're doing, we have to basically sell fun retirement, social security as well too. I mean, we're paying into that and we may not even have

access to it by the time it gets to be our age. Exactly. I think that's such a sham. I mean it's money into a black hole that you'll never see equally. Exactly. That's so true. But that's why, excuse me. Breaking the cycle is so important. Oh yeah. Because you know, we don't know what the future looks like regarding our wellbeing and financial security. So as such, you're definitely thinking about where we fell short.

Um, growing up and changing the expectation in the awareness and then increasing the awareness is so important. Definitely. And just because you know, everybody's on Instagram now wearing the latest Gucci, the latest Bindi driving around in audio, BMWs and stuff like that. Does it mean that you have to do those things in there? Because, I mean a lot of times not to knock shade at anybody, it's just, you know, everybody's stunting [inaudible] on social media. So it was just like, that's a Holly rule. Like you really don't even make enough money to afford. Correct. What? And if you're walking out with the DJ and all that kind of thing, you can't pay your rent the next month. Exactly. You don't put that on Instagram that I, that right here. This isn't like, oh my gosh, they got go late. It's [inaudible] what they do. Right. I just want to tell everybody, bankruptcy court is real.

I see it every Tuesday and Thursday to listen to the attorney. You will be surprised at home. You just might walk upon in bankruptcy court, you see all types of all walks of life. So I mean, you could eat the stunt and nobody, nobody's safe. You could start now and say though that money that you're making, because eventually we're going to get the ball. We going to be retired. We don't want to work. That's true. So the article also mentioned that you may not have enough money to save, to live that life in your mind that you had the expectation too. That's so true. Yeah, and that leads me into the proverb of wealth. That cages shoe is not wealth. Y'All let this [inaudible] now just think about that. Let's let that mirror now. Okay, well that cages you is not wealth. Ooh, you hear me? Woo. All right.

I know it's been a heated conversation that did attach, touched my soul. That's my whole soul. When I saw that, I was like, Oh, oh, I love that quote. Yes. It has so many different variations of meaning that we can go into and we'll be here all night. All night. Yes, but you guys, we have to go to work tomorrow so we can pay for the [inaudible] saves the count. Then we were talking about all day, so I will like say, and the episode one, three things to keep in mind, just to sum up everything that we talked about. One, I need you guys to listen. Write this down. Get your pen and pad, whatever you're driving. Put in your put, just listen to it. Okay. Um, but no, texting and driving. Okay. Um, so one, just keep this in mind. I want you to do this. I want you to become financial literate.

I want you to dive in and figure out, have some knowledge about finances instead of scrolling on Instagram. Exactly. And do you have any suggestions? Like I know Baron's is a good article or magazine that I read CNBC have great articles on finance. Do you have any suggestions while she journal? Yeah, those are great ones. If you're trying to learn how to invest, I would do Investopedia. Oh, that's good. Um, ms, you know, they'll see your word a day. Oh, if you sign up with them, they'll email you a word a day. Nice. So that was those a little things that you can, you can put on your phone, look into on your phone to just get that little bit of that goose egg for your finances to become financial financially literate. Number two would be make a financial goal for the present and the future.

You know how they always say, make that five year plan, you don't necessarily have to start off at that. You can literally make a financial plan for the next six months and start there and then you can literally just write down like, Hey, I want you be this and I want to go here. Well then how are you going to be that and how are you going to go there? You have to put in steps of like, how do you want to gain that financial freedom? If you want to be out of debt by a certain age, write those things down. That way when you write them down, they come in for Rishon and therefore you can see them full circle. Save

your money, say basically it's not what you earn. Joseph gonna be proud of me. It's what you keep y'all one more time. It's not what you are earn, it's what you keep and that's for those people. Oh, I make $300,000 a year. Okay, but [inaudible].

Exactly. Okay, go ahead y'all. I'm the only, the last thing that I was going to say is we cannot assume that people know what we're talking about. So when BB mentioned inflation, um, I just so happen to be on investopedia.com and inflation is defined as the rate at which the general level of prices for goods and services is rising. And consequently the purchasing power of currency is falling exactly the dollars following it. And it's horrible. Gives other currency around the world. So America seems like it's getting further and further bond. For sure. For sure. And so every episode we love to end with a quote. I'm all for quotes, I got them all spiritual corner over there where she got girl. So they're wrapping a song for the second time. Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver. Wow. And rand love. Okay. Let that marinade. Until next time, God. And we thank you guys for two of them.

It's again, blow up ladies pack.

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You Cute Sis - Fresh Dressed

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You Cute Sis - Guest Chic