The Budgetnista: Tips On Saving Money, The Truth About Biden & Harris on Student Loans, + More
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Speaker 1 (00:03):
What's up His way Up with Angela Yee And this
is going to be a fun Wealth Wednesday with my
co host Stacy Tisdale.
Speaker 2 (00:09):
Happy Wealth Wednesdays, everybody. We have a mid year financial
check up with the budget nistu.
Speaker 1 (00:19):
I can't believe it's the middle of the year already,
Can we talk about that? So yes, but that also
means you still have the rest of the year to
reach your goals exactly.
Speaker 2 (00:28):
So what should people do if it's they're kind of
afraid it's midyear? Where do they start when it comes
to taking stock of their financial goals?
Speaker 3 (00:36):
Well, first things first, Stacy, I want you to revisit
what your goals were in January. You know, like everybody
wrote stuff down. Maybe you journaled, maybe you did a
vision board, maybe just started out. So revisit what those
goals are. See if they still align. Because maybe you
had a goal if I want to buy a house
and it just doesn't make sense now. But maybe you
had a goal I want to save one thousand dollars
(00:57):
and it still makes sense.
Speaker 4 (00:58):
So what were your goals?
Speaker 3 (00:59):
How are or how close are you to accomplishing them?
If you're still pretty far? Map out the next the
rest of the year of what do I need to
do to get there?
Speaker 4 (01:07):
Okay?
Speaker 3 (01:08):
You know, so like let's just say your goal was
I want to save a thousand dollars and you're at
two hundred, Well, what do we have to do to
get those to the eight hundred?
Speaker 4 (01:15):
Month by month by month? Break it down, work backwards.
Speaker 3 (01:17):
You know.
Speaker 1 (01:17):
They always say it, don't beat yourself up, but I
do know, and I'm not just talking about myself, but
a lot of times we set these goals and then
we do things that we know are not aligned with
reaching those goals because it's not sometimes easy the well
power that you have to have to be able to
achieve goals, Like you'll be like, I want to buy us,
but I'm still acting and doing things like shopping and
(01:41):
you know, making purchase and going out to eat and
going on vacations and doing all of the things that
won't align with me trying to save up that money.
Speaker 2 (01:48):
You always say being clear on your goals helps.
Speaker 4 (01:51):
But also too, get your an accountability partner.
Speaker 3 (01:53):
You are here by yourself, why like tell your sister
your beds, to your work hubby, somebody who's going to
be like, oh, we are here again. But someone who
is gonna jetly motivate you, but you're accountable, and then
create like an accountability check in, right, so it might
be monthly, but you're also helping them check in.
Speaker 4 (02:13):
Maybe it's weekly.
Speaker 3 (02:14):
So you set your goals, you share them, and then
you check in with your accountability partner, because.
Speaker 4 (02:19):
It's really going to help you.
Speaker 3 (02:20):
I mean, no one is perfect, but knowing that someone's
going to ask you about it is really going to
motivate you to stay on track or lie.
Speaker 1 (02:26):
I'm glad you said right, you know, because saving is
a big thing that we were talking about, because sometimes,
you know, saving is like when you spend money to
save money, but really you're just spending money you don't
need to spend. And so you might be like, oh,
there's a big sale. I could save five hundred dollars
on this, but you don't even need it. But you
think you're saving money, but you're spending money on something
you don't need because it's on sale.
Speaker 5 (02:46):
I'm a saver and I'm aware, but I'm trying to get.
Speaker 3 (02:49):
Some people save to spend, meaning that like they'll say like,
oh my goodness, like I save this two hundred dollars
and then they spent that two hundred dollars.
Speaker 4 (02:56):
It's like the savings never stays.
Speaker 5 (02:58):
Yeah, you know.
Speaker 3 (02:59):
And so the key for that, though, is you have
to make your money inconvenience, because inconvenient.
Speaker 4 (03:03):
Money gets saved.
Speaker 3 (03:04):
Like I do not put my spending money in my
saving money at the same bank. Okay, So my spending
money goes at my convenient bank, which is like the
brick and mortar banks outside swipe your your your your depor.
Speaker 4 (03:14):
Card, you know the ones we see outside.
Speaker 3 (03:16):
My savings money goes in an online only bank because
she is stingy and if I want to spend her,
you gotta jump through hoops what you got to make
that transfer twenty four hours before it's available. Blah blah blah.
Speaker 4 (03:29):
So it makes my money inconvenient.
Speaker 5 (03:31):
That's a good idea.
Speaker 4 (03:32):
You know, it slows me down a little bit.
Speaker 2 (03:33):
Yeah, that's a great idea. I love the accountability partner
because I got a stat Yeah, write down your goals.
Tell someone you are it's like ninety eight percent more
likely to achieve them.
Speaker 3 (03:44):
It's huge.
Speaker 4 (03:45):
And check in.
Speaker 3 (03:45):
And here's the thing. I mean, y'all like to tell
your business on social media anyway, if you don't have
someone to do.
Speaker 4 (03:50):
Make social media you accountability, right, y'all like.
Speaker 5 (03:53):
To push yourself in a push put your goals.
Speaker 3 (03:59):
You just like, hey, guys, I want to save one
thousand dollars, you know by the end of the year.
Every month, I'm gonna check in with y'all. And then
that way people will start to ask you. I thought
you had said that you were like.
Speaker 4 (04:10):
Where are we at s clean shop?
Speaker 3 (04:11):
Please? Yeah, you know, and so yeah, just finding people
that are gonna hold your accountable, but gently accountable, because
you're not looking for people to beat u.
Speaker 2 (04:18):
Up, break it down. So if I see I'm really
falling short, what are some steps I can take? And
you also talk about it so important to prioritize.
Speaker 3 (04:26):
So here's the thing that like, if we're talking about
saving in particular, one of the one of the best
places that you can save is currently internally, meaning like
you don't have to necessarily make more money.
Speaker 4 (04:37):
Not everyone.
Speaker 3 (04:38):
Sometimes you just have to look at what are you
currently spending. There are literally apps. So I just swore
up and down that I didn't have any of these
like monthly payments that I was making that were unnecessary.
So there are apps that will look through and find
all your monthly payments or your regular payments. Child, it
was like a few hundred dollars a month.
Speaker 4 (04:56):
I forgot about that. Listen signed up for Hinge job,
you know, I got me.
Speaker 1 (05:02):
A man that second.
Speaker 3 (05:05):
You know, And I was like, wait a minute, now,
seventy nine dollars like every three months or whatever.
Speaker 4 (05:10):
Literally, I just canceled it.
Speaker 5 (05:12):
Did you meet him on Hinge?
Speaker 4 (05:13):
No?
Speaker 3 (05:14):
Okay, yeah, so like you know, and so I just.
Speaker 4 (05:19):
Yeah, but I mean, you know, I try it right though,
you know.
Speaker 3 (05:21):
But I didn't know that. And I thought because I
had deleted it, I had not canceled it, and there
was a bunch of things like that that had not canceled.
Speaker 5 (05:27):
I have a storage.
Speaker 1 (05:28):
I have a storage that I'm like, I need to
go get my stuff out of storage at this point,
because before I moved into my new house, I was like,
let me just put some stuff in storage just to like,
you know, I was dealing with a lot of different things,
and I'm like, I gotta go get.
Speaker 5 (05:40):
This stuff out of storage at some point, yeah, because
I don't need to be paining this. It's expensive.
Speaker 3 (05:45):
And then and then when you really added up, when
I added up it was like a few hundred dollars
a month.
Speaker 4 (05:49):
Think about that, that's thousands a year. Yeah, what can
I do? That's a vacation.
Speaker 1 (05:53):
That is I put a mattress in storage because I had,
like got an extra mattress. I got a mattress, you know,
anyway I could have bought a new mattress. The amount
of money out of putting this mattress and.
Speaker 5 (06:03):
Stories, what was the point? You know?
Speaker 3 (06:05):
Because the thing is is really out of sight, out
of minds. When you put things in storage, you just
don't see them.
Speaker 2 (06:09):
So steps prioritize. For a lot of people out there,
A huge pain point is student loan death, especially with
the resumption and payments and interest rates going up in July.
And in case anybody didn't notice, notice it's kind of
an interesting moment in politics. And we now have the
vice president as our nominee for president.
Speaker 5 (06:31):
Who you were with recently.
Speaker 2 (06:34):
Talk about give us the dirt?
Speaker 3 (06:36):
What was it? Like? What have I done?
Speaker 4 (06:38):
What's she going to mean?
Speaker 3 (06:40):
This is Tiffany's Well, I've been invited to the White House,
Capitol Hill, and then most recently I was invited to
the Vice President's Residents and it was for black business leaders.
Speaker 4 (06:52):
It was a reception.
Speaker 3 (06:54):
It was in connection with the Black Chamber of Commerce,
you know. So anyway, I went, and she really just
talked about ways that this administration has helped black businesses
and like from giving seven billion dollars to HBCUs, you know,
to we've had I think right now, we have the
(07:14):
lowest rate of unemployment in the black community.
Speaker 4 (07:17):
According to them, you know, have created more black jobs.
Speaker 3 (07:20):
Have though we know the wealthcap is still ridiculous, right,
but it is. They have infused black more black wealth
than any other president, I think even presidents combined. So
these are just some of the things that she talked about,
and I just was like, so she's actually on an
economic empowerment tour that hopefully your girl will be on.
Speaker 4 (07:38):
Too, and.
Speaker 3 (07:40):
I'm with it. But then the week before that, I
was invited to a congressional briefing, which I didn't know
what that was, if I'm being honest, And that is
when members of Congress say we want to brief you,
talk to you about something important. So we've all heard
hopefully of Elizabeth Senator Elizabeth Warren. Yeah, Senator Chuck's tumor,
(08:00):
you know, from right here in New York. He's a
Senate majority leader. I'm also Senator Warnock and Assembly you know,
a representative Aleana Presley.
Speaker 4 (08:10):
She's a beautiful woman.
Speaker 3 (08:11):
Yeap, you know. And so they were like, we want
to talk about student loan debt relief, and so I
didn't realize. So there's like three hundred million plus Americans
in the you know, in America, and forty three million
of them are affected by student loans, at least federal students.
So this doesn't cold. And so like the president actually
(08:33):
had a plan that was going to help about forty
million of them, and at every step he has been
like staved off, like so much. So the Supreme Court
got in the mix, it was like you tried it,
trying to help people not here, And even then he
went he went through the Department of Education around yeah yeah, yeah,
but even and.
Speaker 1 (08:52):
It's important to know because some people that aren't understanding
are like, well, I still paying my student loans.
Speaker 5 (08:56):
He didn't keep his promise.
Speaker 4 (08:57):
That's not true.
Speaker 1 (08:58):
To understand that this is not a dictatorship and he
can't just magically wave his wind. He's done the best
that he could to try to keep that promise.
Speaker 3 (09:05):
But five million people hasn't been helped five million, and
that's because it got stopped, you know, five million people.
So there was a a statistic that they share with
me that blew my mind. They shared that that for
white bars, twenty years after graduating college and paying on
their student loan, that for most white bars or the
average white bar, they were still all about six percent
(09:26):
of the original amount that they borrowed. So twenty years later,
do you know for black bars in particular, twenty years
after starting to pay down their student loans, they own
ninety five percent?
Speaker 5 (09:38):
Whoa that they didn't pay anything.
Speaker 3 (09:40):
I was just like why, but crazy, yes, and so
like that's why student loan because you ask yourself, why
are they blocking student on debt relief? Because it helps
middle class workers, it helps public service workers, it helps
women and helps especially people of color, older Americans. Twenty
percent of all federal bars are over fifty. Imagine being
super grown. And it's like it's been I mean, you know,
(10:03):
so like, but this is why the things that you
the people that you vote for, I know, when it's perfect,
you know, but the people that you vote for, it's
critical because truthfully, black the waste of wealth gap part
of it is home ownership, but also part of it
is student alone.
Speaker 2 (10:18):
Right, and the history of it's terrible when education used
to get paid with pell grants, yes, and it was
blacks couldn't get pel grants.
Speaker 4 (10:26):
That was just part of the gym crow log came out.
Speaker 2 (10:29):
But I'm glad you talked about this because we had
your girl, Lynette Cox on a couple of weeks ago
and there were so many comments. You know, Biden didn't
keep his promise on student loans, Biden's raising inflations, Biden's
doing this with interest rates, and I'm like, there's such
a knowledge gap.
Speaker 1 (10:45):
Yes, And people will tell you that they haven't done
a great job of explaining everything that has been done,
and that is quite unfortunate, and that the other side
has done a great job of making it seem like, yeah,
thing has been done.
Speaker 5 (10:58):
And I think that that's why that everyone's not to
do their own research the.
Speaker 3 (11:01):
Or not, and that's why things like this are important.
Speaker 1 (11:02):
Right.
Speaker 3 (11:02):
This is why you know, when they invited me, they're like, honestly, Tiffany,
they asked us. It was six creators they invited to
this congressional briefing, and one of the questions they asked,
is how can we get more information out there?
Speaker 2 (11:12):
Right?
Speaker 5 (11:12):
How can we let people know?
Speaker 3 (11:13):
Yes? And I was like, you have to invite more
people in to share on platforms in ways that make sense,
you know, to share on platforms so people can hear
so things like this. This is why I was like,
you know what, like, so there is if I applied
because I used to be a school teacher. So I
applied for we all know the public service Loan Forgiveness program.
We've all heard of them, you know, like if you
work for federal, state or local you know, government or whatever.
(11:36):
So I was denied it. And do you know largely
people were denied just because of like clerical errors, nothing
that they did wrong. So since it was since its
inception in twenty fourteen till twenty twenty, so how many
years is that?
Speaker 2 (11:50):
Like?
Speaker 3 (11:50):
Sixteen years right? Only seven thousand people? So that's like
what I was like, Well, like since seven thousand people
were able to get their loans forgiven through that program.
But during this presidency they went in they said yes,
and nine hundred and forty two thousand people the last four.
Speaker 5 (12:07):
Years, see and nobody talking about that.
Speaker 3 (12:10):
Isn't that crazy?
Speaker 4 (12:11):
Some of the stuff like remember bet to the vote.
Speaker 3 (12:13):
Remember that was like a big thing when she became
the education So under her watch, you know, the income
driven Repayment program. So there's this income driven repayment plan
where it was supposed to also like if you've been
paying for twenty or twenty five years worth of payment,
like it was supposed to also help with cancelation. Do
you know since it was starting the early two thousand,
so it wasn't just her, but only thirty two people
(12:36):
got their long forgiven thirty thirty people.
Speaker 5 (12:39):
Yes, people, and.
Speaker 3 (12:40):
Under this administration a million bars in that short period
of time.
Speaker 5 (12:44):
But I'm well, let's make sure we elevate that.
Speaker 3 (12:47):
Yes, because I'm just like, so, there is a lot
of red tape that's been purposely placed in place to
stop people from getting relief.
Speaker 1 (12:54):
And when people ask, well, why is this something this is?
How is this something that directly helps black people? Because
I know another thing that we talk about a lot
is what is the black agenda that have black people?
Speaker 5 (13:04):
And while this.
Speaker 1 (13:05):
Isn't only specifically helping black people, it is a lot
of black people that will benefit.
Speaker 3 (13:10):
Yeah, Because first of all, two thirds of student loan
debts are are women have two thirds of student loan debts?
And then also too, like I just share, are women Yeah,
are like are like women just in general? Right, But
then to know that twenty years from now, the likelihood
is that you can still owe all that you borrowed
because as a person of color, as a black person,
So imagine what life would look like if you had
(13:32):
that student loan debt like eliminated. Imagine the house you
could buy, the children, you can have the business exactly
and so like, you know, because they.
Speaker 1 (13:40):
Tell us and the stress that that also on top
of everything else.
Speaker 3 (13:43):
I know a woman who is going to save a
million dollars in student loans. She's a doctor, went to
you know, medical school, took out hundreds of thousand dollars
worth of debt, and she said, by the time she
was finished paying it off, it would have been probably
close to a million dollars just because of the terrance,
you know, and she got her do the loan debt
forgiven she was in t your life change. She said,
I could have a family now, maybe I could buy
(14:04):
a house.
Speaker 2 (14:05):
People were putting off having families getting married, decided absolutely
because of student loan debt in this country.
Speaker 1 (14:11):
You know, we gotta pivot a little bit here. I
know Stacy was getting ready to do it.
Speaker 3 (14:18):
We're pivoting.
Speaker 2 (14:19):
We have a vision and point, just one quick tip,
what should entrepreneurs do for their mid check in? And
then we're pivoting to where we want to go.
Speaker 3 (14:26):
So as an entrepreneur, twenty twenty three was rough. It
was almost no budget eat to y'all because it was
a Yes, it was a really rough year.
Speaker 2 (14:32):
Twenty twenty four has been about recovering for yeah, and
twenty twenty three for most of us.
Speaker 3 (14:37):
And so one of the things that I did right
was that I had six months of emergency savings. And
so if you are halfway through the year as a business,
I want you to look and say, how much does
it cost to run my business? And get yourself as
quickly as you can to six to twelve months. Microsoft
has twelve months, and ask yourself why, because it will
give you six months to a year to figure it out.
(14:59):
So by the end of twenty twenty three, I had
one month left, so it took me five months to
turn the company back around. But imagine if I only
had three or two money. Honestly, I just would have
paid out of pocket. I would have to take from
Tiffany's bond to fund the Budgetista And so number one
thing as a as an entrepreneur, because we don't know
what the future holds, is to look to see how
much does it cost to run your business? How much
(15:20):
do I have set aside for savings, and just to
look to see are there other places that you're kind
of wasting money? It might be time to let some
people go, cause I don't like to let people go
during the holiday season. So now is the time. If
someone is not doing all that they could do, now's
the time so they can have you know they have
there's in September. There's a big hiring push in September,
(15:40):
and so like, now's the time. If you just know
someone is not performing, you give them the chance to
find something in September.
Speaker 2 (15:45):
Right, they mentioned CDs as a good place to do
your emergency saving.
Speaker 3 (15:49):
So for as a business. So the bank that I
bank with, which I'm not saying cause they don't pay me,
that they have programs that we're like they have, I
asked them, I said, where can it? Cause it costs
seven figure to run my company in six months, right,
And so I'm like, I don't want to just sitting
and checking right. And at first they were like, oh no, no, no, no,
I don't know, and I was just like no, you know,
so I kept bugging them. They're finally like, well, you know,
(16:10):
we have these.
Speaker 4 (16:10):
Business CDs and I think it's like four or five percent.
Speaker 3 (16:14):
So imagine seven figures earning five percent and six months
that's just sitting there, you know. And it was another
program if they had that were vetting because I don't
your money should be working.
Speaker 1 (16:23):
Yeah, even always say that my money's got to work.
It can't just sit lazy.
Speaker 4 (16:26):
Yes, but you also want it working.
Speaker 3 (16:28):
But you also want it accessible, you know, because you
want that if you're actually in an emergency. So what
I like to do is I would keep If I
have six months and there's a three month CD, I
would keep three months out put three months into a CD.
That way, if something happens, I have access to three months,
and when the CD matures, I have access to the rest.
Speaker 1 (16:45):
Okay, now, Tiffany, oh lord, you know we didn't falow
your journey and a lot of people, so what you
went through again, you know, it was very unfortunate.
Speaker 5 (16:55):
We sent you a.
Speaker 3 (16:56):
Lot of love and I felt it.
Speaker 1 (16:58):
Yes, absolutely know when when your husband passed, but you
did mention after and that was three years ago. But
now you have found someone, like you said, you're off
of hinge so you had to not just delete the
app but also unsubscribed.
Speaker 5 (17:14):
You can't.
Speaker 3 (17:17):
Yeah, I was for love.
Speaker 1 (17:18):
I wasn't looking for yes, And you know, you being
the budget nistaid, there's a lot of things that we
talk about when it comes to being in a relationship
and money. So tell us about what this journey's been like,
and what it was like for you starting with someone new,
and what kind of conversations you had.
Speaker 3 (17:35):
So in the beginning, I said, you know, because the loneliness.
At first, I was just looking to kind of fill
a void, like I just want my phone ring, That's
what I would say, because I had such a good
relationship with my husband and best friend. We talked, we laughed,
and I wasn't even looking at date other than just
male energy that I could talk and laugh with, Dave,
whoever you want, because I'm not trying to be your one.
Speaker 4 (17:54):
And I made it very clear.
Speaker 3 (17:55):
Which was strange though, is that everybody wanted to wipe up.
Speaker 4 (17:59):
I'm like where was she when I.
Speaker 3 (18:00):
Was twenty eight thirty trying to get wiped up? Now
you big grown men want to be like, nah, I
want you to be my girl. I was like, I'm
not interested, and I wasn't, you know, because nobody can compare.
Speaker 4 (18:10):
You know.
Speaker 3 (18:11):
But it took a lot of therapy to realize that
I'm not looking for a replacement. No one is ever
going to compare, you know, that it can still be
good but different. And so I just opened myself up
to like dating more intentionally. And it's actually somebody I
knew from some years back, Like I want to say,
I probably met them like fifteen plus years ago, and
I used to run in the same circle and then,
(18:32):
you know, and we were been cool. But you know,
I never thought I mean, sure, I thought he was handsome,
but black men are handsome, you know, so but I
never thought of him that way.
Speaker 4 (18:40):
But then.
Speaker 3 (18:42):
His grandmother actually lives around the corner for me, and
that's how we reconnected, okay, because he had asked me
a question about something she'd sold her house. She'd made
some money from it, and then he just reached out
to say what should she do? And I said, well,
I just walk on the corner to see Granny and
talk to her. So then we reconnected and we honestly
just started with walking. We just walk and talk, you know,
because like I said, I wasn't interested in like deeper partnership,
(19:06):
and so as a result of that, we really developed,
like really enhanced like the little bit of friendship that
we already had. And so it was nice to not
have to have to explain myself to someone or to like,
you know, for people, because when I was on the apps,
every once in a while somebody would say, but the
next time, I'm like block because I would put on
(19:27):
the apps, so like my teacher, they're like, I know you.
So it was nice not to have to worry about
like is this person here? But even with him, you know,
I thought about that too, how could you not? But
what really won me over is that I remember we
were talking one day. I used to like literally almost
(19:47):
walk every day and cry, like I was just called
my daily walk and cry because I just missed my
husband so much. And he called me one day and
I was like, I don't want to talk right now.
He's like, what are you doing? I'm like walking and crying.
Mine of my business? He was like you can walk
a cry and met with me. So he stayed on
the phone as I just cried and walked, and I thought, okay.
And he told me one time that like I was
(20:08):
bringing up Jerell's name a lot, and I just stopped myself.
He said, no, you don't ever have to stop yourself
from bringing up your husband's name. He said, I know
that if we are going to be together, it's me,
you and him. And I know I get this version
of you because of the way he loved you. And
I didn't get this Tiffany unless he was here. So
I'm grateful for him. And I don't ever want you
(20:29):
to think that you can't bring him up. And I said, oh,
that's when I kind of cracked open a little bit,
you know, cause I was just like, okay, you know,
I needed a place where I can safely yes, to
love my husband still, but also to be open to
someone else.
Speaker 4 (20:42):
And somebody might be like, well, if you really love
your husband, then you.
Speaker 3 (20:46):
Wouldn't be and that's not true. Imagine you have a
kid like I can imagine, Like you know, you have
your first child, you think to yourself, my heart can
never get bigger, because how could it like I've heard like,
I have not given birth, but I've heard mother say, like,
you know, your first kid, you're like at me all
the way open.
Speaker 4 (21:01):
And then you have your second you don't say, well child, because.
Speaker 3 (21:04):
What happened, yes, right, But what happens is that the
unique thing about love is that the more you love,
it expands your capacity for more and love. So me
being able to love my husband so well and be
loved by him so well, it expanded my capacity that
I can love someone as well.
Speaker 2 (21:20):
And when we were having girl talk about this, you
were saying that one of the things you wanted to
get out to people is that there is life after grief.
Speaker 5 (21:27):
Yes, And I love how your positioning.
Speaker 2 (21:29):
It's not like life after, it's just embracing all of it.
Speaker 4 (21:32):
Yes, And because I'll never not be grieving, right.
Speaker 2 (21:35):
And you also said it's important to set expectations.
Speaker 3 (21:38):
Yeah. So one of the things I like most about
him is that we talk about everything, but we can
have the hard conversations gently.
Speaker 4 (21:45):
We do like a monthly check.
Speaker 3 (21:46):
In and say how are you feeling? Do you feel connected?
You know, like we read books together. He's like really
well read, he's got his master's, really smart and so
I you know, I really love the fact that we
can connect. So you have to look for what you're wanting.
Like for some women, like for almost every man that
I date, just because of the success of my business,
I'm gonna make more, you know, Like there are some
(22:06):
men that you know that reached out and wanted to
date who didn't make more than me.
Speaker 4 (22:09):
But that's not as much because girl, you know, we
were making that crowd, you know.
Speaker 3 (22:14):
But you know, but despite that, I just wasn't interested
because there wasn't a kindness there. There wasn't this gentleness.
There wasn't this space to grieve and to be myself.
There wasn't. So I know, all the girl is be
like and I want me a millionaire, dude, I'm like,
I've dated some of them and y'all can have it.
Speaker 1 (22:30):
And tiffany one of my fans tell me she was like,
I wish I had money so I could date who
I went to women.
Speaker 5 (22:35):
Somebody told me that, Yeah, yeah, because for me, I'm
not out fighting for my life.
Speaker 3 (22:40):
Yeah, because the thing if I was a single mom
with two jobs trying to figure out, honestly, you date differently,
I would I would have to if I was still
preschool teacher Tiffany making thirty five thousand dollars a year,
it would look different. But for me, I do not
need My husband made significantly less than me.
Speaker 2 (22:56):
You know, he helped you, yeah where you're right tell us.
Speaker 3 (23:00):
Story, yes, yeah, yeah, but well for me, I mean
like when I first met Jirell, I was a preschool teacher.
He was a maintenance man in the building and I
remember I was just starting to think about the budgetista
and he was like, you should do it, yo, Like
you know what because Jerau is very Newark and he
was like, oh my god. He worked for house and
he was like we just had this dude talk to
us about money and housing. He was boring, not you big, you.
Speaker 4 (23:22):
Could do it.
Speaker 3 (23:23):
So it really pushed me.
Speaker 5 (23:24):
Yes, he really was, Oh my god.
Speaker 3 (23:26):
I remember like I for forget. I was like, you know,
dejaah on her show and he called me while I'm
on the show talking about I hear you on the show.
Speaker 5 (23:33):
I'm like, I'm live st that why during the show.
Speaker 4 (23:36):
So he was my ultimate height man.
Speaker 3 (23:38):
And I remember like I was like it was down
bad and I was just kind of like the business
was just starting to take off a little bit and
we were grown by the time we started really dating,
dating in my mid thirties, and he was like, you
should just live with me.
Speaker 4 (23:51):
And I was like, well, okay, we can exploit rent.
Speaker 3 (23:53):
He was like, now when I look like you split
and rent and splitting bills when I'm already paying them,
just come live with me. And so even though because
he worked for housing, we lived on campus. I think
reht was like nine something, so it wasn't like a
tremendous amount of money, but not having to worry about that.
I don't think so many men think you have to
have a ton of money in order to provide and
(24:15):
support and protect. That's not true. Like Durell was really
good at figuring out ways, like like you come stay
with me. I might not say here's the money to
pay your rent, but I will pay my rent and
you can live here.
Speaker 4 (24:26):
You ain't got to worry about it.
Speaker 3 (24:28):
Like every time I went on a trip to speak
or whatever, I didn't have to touch touch not one bag. Right,
you know, I'm gonna bring it to the you know.
Like that was so when I landed. You good, where
you're at, what you're doing, what you you know, like
I knew he would.
Speaker 5 (24:40):
He got you.
Speaker 3 (24:40):
I mean always he would say this thing where like caay,
nothing touch you before going through me, you know, and
so like.
Speaker 4 (24:47):
But that's what I mean.
Speaker 3 (24:47):
And this is a man who continued to work for
housing and you know it was a super but I
don't know that he ever made over sixty seventy thousand
dollars with the average black man.
Speaker 2 (24:56):
And you said you turned down the noise on that
when people were.
Speaker 3 (24:58):
Like yeah, because people would tell you here's the thing.
Women who are looking for someone, you get to decide
what you need because social media.
Speaker 5 (25:06):
Will have you alone, right, absolutly alone.
Speaker 3 (25:10):
I'm not saying you should not date the bus drive,
you should strives. I don't care.
Speaker 2 (25:13):
Girl.
Speaker 1 (25:14):
It's all an individual decision based on what you want
to do in your life. Yes, And there's no one
size fits all, not at all solution when it comes
to dating now.
Speaker 4 (25:24):
And I would have missed out on the most amazing
love possible, like my husband's love healed me, you know,
and I'm able to now be in partnership in an
even better place because of that love, right you know.
Speaker 5 (25:37):
So yes, and he would want this for you. He
would want you to be protected and happy, you know, so.
Speaker 3 (25:42):
I mean, but yeah, so now yeah, I'm I'm partnered
and you know, he is a beautiful, wonderful, smart person, and.
Speaker 4 (25:49):
I get to grow on top of what I had before,
and like, you.
Speaker 3 (25:53):
Know, just the communication is for me and this should
I mean, I don't care what you have on your list.
Let communication be at the top.
Speaker 4 (25:59):
Of it to be able to talk through thing.
Speaker 2 (26:02):
Tell us some tips for having the money talk couples.
Speaker 3 (26:04):
So yeah, we had it very early on, you know,
which was like, here's my expectation that like you should
be able to take care of yourself and also too,
like if we're gonna go out on a date, I
actually didn't want anyone. Don't overextend yourself, like you know, like, oh,
you're paying for a five hundred dollars dinner. Everything that
doesn't make sense to me because now I'm anxious, and
(26:26):
I know you anxious. Date within the range of what
makes sense, you know, like if you can afford that
we go to like a modest restaurant or whatever. Okay,
if it's like yo, it's really tight right now, you know,
let's go for a walk instead, I'm okay with that,
you know. So I much. For me, what I find
unattractive is financial irresponsibility. Okay, so that's what I find
(26:47):
because here's the thing. Let's just say, you know, you're
dating for marriage and you rack up your credit card
to impress me. So many women end up getting married
and then up paying that credit card bill anyway.
Speaker 4 (26:56):
Right right?
Speaker 1 (26:57):
I don't want that, right, and I don't want us
to get married. And you're responsible with when it becomes
our money.
Speaker 3 (27:02):
Yes, you know.
Speaker 1 (27:03):
So, because people have such a hesitation talking about their
financial circumstance, it is best to be open and honest.
Speaker 2 (27:10):
But closer.
Speaker 3 (27:12):
Well it's hard, right because not everybody wants to hear them.
That's what you have to keep looking, you know. And
like that honesty, that transparency, Like we used to call
it radical transparency. Like when he and I talk, I'm like,
let's just be radically transparent. What are you thinking, what
are you feeling, what's making you feel? Like when Jirell
is here, sometimes he would say that, like sometimes I
feel bad, baby, because you make so much more than me,
(27:33):
and like, you know, how does that even work? Are you?
Speaker 2 (27:36):
You know?
Speaker 4 (27:36):
And I would have to be like, no, this is
this is what we bring you know to the table.
Speaker 3 (27:40):
This is why it is.
Speaker 4 (27:41):
It is the money part is easy. What you bring
is so much better.
Speaker 5 (27:45):
I wouldn't be able to go out and make this
money if I didn't have this support.
Speaker 3 (27:47):
Because to know that, Like I remember once he was like,
if you want to quit Budgeonista, you'll all scrap metal.
I will, you know, like I will work over time.
I knew that there was no hitting the floor. And
so there are ways to show for your partner, but
both people have to be willing. The key to me
to truly connected wonderful partnership is each person is working
(28:08):
on themselves individually to be better, and then they are
willing to work on the relationship together to better.
Speaker 1 (28:14):
I always say that two whole people coming together is
the best that you get. It's not two halves make
a whole, you know.
Speaker 2 (28:20):
So yeah, so this mid year financial.
Speaker 3 (28:26):
He's gonna be like, did she talk about don't get gassed?
Speaker 2 (28:30):
Why Tiffany is the book is made whole And as
you can see, there's a lot more to money than
dollars and cents. Made whole. For your midiyear financial check in,
you need a goal sheet and she has made it
really easy as a free resource, free resource for all
of you.
Speaker 3 (28:49):
So it's just gonna be super easy. Just find me
the budget and he's still on Instagram, and just d
m me the word goals and I will send you
that free goal midiar check in resource sheet and just
start like like we mentioned before, figure out where you
were in the beginning of the year, write down what
your goals are. Now, find you an accountability partner, have
regular check in.
Speaker 1 (29:08):
Okay, we love our budgnise to follow her so much
and I'm so happy and you touched us today, honestly, like,
thank you so much, thank.
Speaker 5 (29:16):
You, thank you.
Speaker 2 (29:17):
Happy Wealth Wednesday everybody, and don't forget to follow Wealth
Wednesdays on Instagram and to go to Teamwealth Wednesdays dot
com for our free newsletter.
Speaker 3 (29:27):
Well
What's up His way Up with Angela Yee And this
is going to be a fun Wealth Wednesday with my
co host Stacy Tisdale.
Speaker 2 (00:09):
Happy Wealth Wednesdays, everybody. We have a mid year financial
check up with the budget nistu.
Speaker 1 (00:19):
I can't believe it's the middle of the year already,
Can we talk about that? So yes, but that also
means you still have the rest of the year to
reach your goals exactly.
Speaker 2 (00:28):
So what should people do if it's they're kind of
afraid it's midyear? Where do they start when it comes
to taking stock of their financial goals?
Speaker 3 (00:36):
Well, first things first, Stacy, I want you to revisit
what your goals were in January. You know, like everybody
wrote stuff down. Maybe you journaled, maybe you did a
vision board, maybe just started out. So revisit what those
goals are. See if they still align. Because maybe you
had a goal if I want to buy a house
and it just doesn't make sense now. But maybe you
had a goal I want to save one thousand dollars
(00:57):
and it still makes sense.
Speaker 4 (00:58):
So what were your goals?
Speaker 3 (00:59):
How are or how close are you to accomplishing them?
If you're still pretty far? Map out the next the
rest of the year of what do I need to
do to get there?
Speaker 4 (01:07):
Okay?
Speaker 3 (01:08):
You know, so like let's just say your goal was
I want to save a thousand dollars and you're at
two hundred, Well, what do we have to do to
get those to the eight hundred?
Speaker 4 (01:15):
Month by month by month? Break it down, work backwards.
Speaker 3 (01:17):
You know.
Speaker 1 (01:17):
They always say it, don't beat yourself up, but I
do know, and I'm not just talking about myself, but
a lot of times we set these goals and then
we do things that we know are not aligned with
reaching those goals because it's not sometimes easy the well
power that you have to have to be able to
achieve goals, Like you'll be like, I want to buy us,
but I'm still acting and doing things like shopping and
(01:41):
you know, making purchase and going out to eat and
going on vacations and doing all of the things that
won't align with me trying to save up that money.
Speaker 2 (01:48):
You always say being clear on your goals helps.
Speaker 4 (01:51):
But also too, get your an accountability partner.
Speaker 3 (01:53):
You are here by yourself, why like tell your sister
your beds, to your work hubby, somebody who's going to
be like, oh, we are here again. But someone who
is gonna jetly motivate you, but you're accountable, and then
create like an accountability check in, right, so it might
be monthly, but you're also helping them check in.
Speaker 4 (02:13):
Maybe it's weekly.
Speaker 3 (02:14):
So you set your goals, you share them, and then
you check in with your accountability partner, because.
Speaker 4 (02:19):
It's really going to help you.
Speaker 3 (02:20):
I mean, no one is perfect, but knowing that someone's
going to ask you about it is really going to
motivate you to stay on track or lie.
Speaker 1 (02:26):
I'm glad you said right, you know, because saving is
a big thing that we were talking about, because sometimes,
you know, saving is like when you spend money to
save money, but really you're just spending money you don't
need to spend. And so you might be like, oh,
there's a big sale. I could save five hundred dollars
on this, but you don't even need it. But you
think you're saving money, but you're spending money on something
you don't need because it's on sale.
Speaker 5 (02:46):
I'm a saver and I'm aware, but I'm trying to get.
Speaker 3 (02:49):
Some people save to spend, meaning that like they'll say like,
oh my goodness, like I save this two hundred dollars
and then they spent that two hundred dollars.
Speaker 4 (02:56):
It's like the savings never stays.
Speaker 5 (02:58):
Yeah, you know.
Speaker 3 (02:59):
And so the key for that, though, is you have
to make your money inconvenience, because inconvenient.
Speaker 4 (03:03):
Money gets saved.
Speaker 3 (03:04):
Like I do not put my spending money in my
saving money at the same bank. Okay, So my spending
money goes at my convenient bank, which is like the
brick and mortar banks outside swipe your your your your depor.
Speaker 4 (03:14):
Card, you know the ones we see outside.
Speaker 3 (03:16):
My savings money goes in an online only bank because
she is stingy and if I want to spend her,
you gotta jump through hoops what you got to make
that transfer twenty four hours before it's available. Blah blah blah.
Speaker 4 (03:29):
So it makes my money inconvenient.
Speaker 5 (03:31):
That's a good idea.
Speaker 4 (03:32):
You know, it slows me down a little bit.
Speaker 2 (03:33):
Yeah, that's a great idea. I love the accountability partner
because I got a stat Yeah, write down your goals.
Tell someone you are it's like ninety eight percent more
likely to achieve them.
Speaker 3 (03:44):
It's huge.
Speaker 4 (03:45):
And check in.
Speaker 3 (03:45):
And here's the thing. I mean, y'all like to tell
your business on social media anyway, if you don't have
someone to do.
Speaker 4 (03:50):
Make social media you accountability, right, y'all like.
Speaker 5 (03:53):
To push yourself in a push put your goals.
Speaker 3 (03:59):
You just like, hey, guys, I want to save one
thousand dollars, you know by the end of the year.
Every month, I'm gonna check in with y'all. And then
that way people will start to ask you. I thought
you had said that you were like.
Speaker 4 (04:10):
Where are we at s clean shop?
Speaker 3 (04:11):
Please? Yeah, you know, and so yeah, just finding people
that are gonna hold your accountable, but gently accountable, because
you're not looking for people to beat u.
Speaker 2 (04:18):
Up, break it down. So if I see I'm really
falling short, what are some steps I can take? And
you also talk about it so important to prioritize.
Speaker 3 (04:26):
So here's the thing that like, if we're talking about
saving in particular, one of the one of the best
places that you can save is currently internally, meaning like
you don't have to necessarily make more money.
Speaker 4 (04:37):
Not everyone.
Speaker 3 (04:38):
Sometimes you just have to look at what are you
currently spending. There are literally apps. So I just swore
up and down that I didn't have any of these
like monthly payments that I was making that were unnecessary.
So there are apps that will look through and find
all your monthly payments or your regular payments. Child, it
was like a few hundred dollars a month.
Speaker 4 (04:56):
I forgot about that. Listen signed up for Hinge job,
you know, I got me.
Speaker 1 (05:02):
A man that second.
Speaker 3 (05:05):
You know, And I was like, wait a minute, now,
seventy nine dollars like every three months or whatever.
Speaker 4 (05:10):
Literally, I just canceled it.
Speaker 5 (05:12):
Did you meet him on Hinge?
Speaker 4 (05:13):
No?
Speaker 3 (05:14):
Okay, yeah, so like you know, and so I just.
Speaker 4 (05:19):
Yeah, but I mean, you know, I try it right though,
you know.
Speaker 3 (05:21):
But I didn't know that. And I thought because I
had deleted it, I had not canceled it, and there
was a bunch of things like that that had not canceled.
Speaker 5 (05:27):
I have a storage.
Speaker 1 (05:28):
I have a storage that I'm like, I need to
go get my stuff out of storage at this point,
because before I moved into my new house, I was like,
let me just put some stuff in storage just to like,
you know, I was dealing with a lot of different things,
and I'm like, I gotta go get.
Speaker 5 (05:40):
This stuff out of storage at some point, yeah, because
I don't need to be paining this. It's expensive.
Speaker 3 (05:45):
And then and then when you really added up, when
I added up it was like a few hundred dollars
a month.
Speaker 4 (05:49):
Think about that, that's thousands a year. Yeah, what can
I do? That's a vacation.
Speaker 1 (05:53):
That is I put a mattress in storage because I had,
like got an extra mattress. I got a mattress, you know,
anyway I could have bought a new mattress. The amount
of money out of putting this mattress and.
Speaker 5 (06:03):
Stories, what was the point? You know?
Speaker 3 (06:05):
Because the thing is is really out of sight, out
of minds. When you put things in storage, you just
don't see them.
Speaker 2 (06:09):
So steps prioritize. For a lot of people out there,
A huge pain point is student loan death, especially with
the resumption and payments and interest rates going up in July.
And in case anybody didn't notice, notice it's kind of
an interesting moment in politics. And we now have the
vice president as our nominee for president.
Speaker 5 (06:31):
Who you were with recently.
Speaker 2 (06:34):
Talk about give us the dirt?
Speaker 3 (06:36):
What was it? Like? What have I done?
Speaker 4 (06:38):
What's she going to mean?
Speaker 3 (06:40):
This is Tiffany's Well, I've been invited to the White House,
Capitol Hill, and then most recently I was invited to
the Vice President's Residents and it was for black business leaders.
Speaker 4 (06:52):
It was a reception.
Speaker 3 (06:54):
It was in connection with the Black Chamber of Commerce,
you know. So anyway, I went, and she really just
talked about ways that this administration has helped black businesses
and like from giving seven billion dollars to HBCUs, you know,
to we've had I think right now, we have the
(07:14):
lowest rate of unemployment in the black community.
Speaker 4 (07:17):
According to them, you know, have created more black jobs.
Speaker 3 (07:20):
Have though we know the wealthcap is still ridiculous, right,
but it is. They have infused black more black wealth
than any other president, I think even presidents combined. So
these are just some of the things that she talked about,
and I just was like, so she's actually on an
economic empowerment tour that hopefully your girl will be on.
Speaker 4 (07:38):
Too, and.
Speaker 3 (07:40):
I'm with it. But then the week before that, I
was invited to a congressional briefing, which I didn't know
what that was, if I'm being honest, And that is
when members of Congress say we want to brief you,
talk to you about something important. So we've all heard
hopefully of Elizabeth Senator Elizabeth Warren. Yeah, Senator Chuck's tumor,
(08:00):
you know, from right here in New York. He's a
Senate majority leader. I'm also Senator Warnock and Assembly you know,
a representative Aleana Presley.
Speaker 4 (08:10):
She's a beautiful woman.
Speaker 3 (08:11):
Yeap, you know. And so they were like, we want
to talk about student loan debt relief, and so I
didn't realize. So there's like three hundred million plus Americans
in the you know, in America, and forty three million
of them are affected by student loans, at least federal students.
So this doesn't cold. And so like the president actually
(08:33):
had a plan that was going to help about forty
million of them, and at every step he has been
like staved off, like so much. So the Supreme Court
got in the mix, it was like you tried it,
trying to help people not here, And even then he
went he went through the Department of Education around yeah yeah, yeah,
but even and.
Speaker 1 (08:52):
It's important to know because some people that aren't understanding
are like, well, I still paying my student loans.
Speaker 5 (08:56):
He didn't keep his promise.
Speaker 4 (08:57):
That's not true.
Speaker 1 (08:58):
To understand that this is not a dictatorship and he
can't just magically wave his wind. He's done the best
that he could to try to keep that promise.
Speaker 3 (09:05):
But five million people hasn't been helped five million, and
that's because it got stopped, you know, five million people.
So there was a a statistic that they share with
me that blew my mind. They shared that that for
white bars, twenty years after graduating college and paying on
their student loan, that for most white bars or the
average white bar, they were still all about six percent
(09:26):
of the original amount that they borrowed. So twenty years later,
do you know for black bars in particular, twenty years
after starting to pay down their student loans, they own
ninety five percent?
Speaker 5 (09:38):
Whoa that they didn't pay anything.
Speaker 3 (09:40):
I was just like why, but crazy, yes, and so
like that's why student loan because you ask yourself, why
are they blocking student on debt relief? Because it helps
middle class workers, it helps public service workers, it helps
women and helps especially people of color, older Americans. Twenty
percent of all federal bars are over fifty. Imagine being
super grown. And it's like it's been I mean, you know,
(10:03):
so like, but this is why the things that you
the people that you vote for, I know, when it's perfect,
you know, but the people that you vote for, it's
critical because truthfully, black the waste of wealth gap part
of it is home ownership, but also part of it
is student alone.
Speaker 2 (10:18):
Right, and the history of it's terrible when education used
to get paid with pell grants, yes, and it was
blacks couldn't get pel grants.
Speaker 4 (10:26):
That was just part of the gym crow log came out.
Speaker 2 (10:29):
But I'm glad you talked about this because we had
your girl, Lynette Cox on a couple of weeks ago
and there were so many comments. You know, Biden didn't
keep his promise on student loans, Biden's raising inflations, Biden's
doing this with interest rates, and I'm like, there's such
a knowledge gap.
Speaker 1 (10:45):
Yes, And people will tell you that they haven't done
a great job of explaining everything that has been done,
and that is quite unfortunate, and that the other side
has done a great job of making it seem like, yeah,
thing has been done.
Speaker 5 (10:58):
And I think that that's why that everyone's not to
do their own research the.
Speaker 3 (11:01):
Or not, and that's why things like this are important.
Speaker 1 (11:02):
Right.
Speaker 3 (11:02):
This is why you know, when they invited me, they're like, honestly, Tiffany,
they asked us. It was six creators they invited to
this congressional briefing, and one of the questions they asked,
is how can we get more information out there?
Speaker 2 (11:12):
Right?
Speaker 5 (11:12):
How can we let people know?
Speaker 3 (11:13):
Yes? And I was like, you have to invite more
people in to share on platforms in ways that make sense,
you know, to share on platforms so people can hear
so things like this. This is why I was like,
you know what, like, so there is if I applied
because I used to be a school teacher. So I
applied for we all know the public service Loan Forgiveness program.
We've all heard of them, you know, like if you
work for federal, state or local you know, government or whatever.
(11:36):
So I was denied it. And do you know largely
people were denied just because of like clerical errors, nothing
that they did wrong. So since it was since its
inception in twenty fourteen till twenty twenty, so how many
years is that?
Speaker 2 (11:50):
Like?
Speaker 3 (11:50):
Sixteen years right? Only seven thousand people? So that's like
what I was like, Well, like since seven thousand people
were able to get their loans forgiven through that program.
But during this presidency they went in they said yes,
and nine hundred and forty two thousand people the last four.
Speaker 5 (12:07):
Years, see and nobody talking about that.
Speaker 3 (12:10):
Isn't that crazy?
Speaker 4 (12:11):
Some of the stuff like remember bet to the vote.
Speaker 3 (12:13):
Remember that was like a big thing when she became
the education So under her watch, you know, the income
driven Repayment program. So there's this income driven repayment plan
where it was supposed to also like if you've been
paying for twenty or twenty five years worth of payment,
like it was supposed to also help with cancelation. Do
you know since it was starting the early two thousand,
so it wasn't just her, but only thirty two people
(12:36):
got their long forgiven thirty thirty people.
Speaker 5 (12:39):
Yes, people, and.
Speaker 3 (12:40):
Under this administration a million bars in that short period
of time.
Speaker 5 (12:44):
But I'm well, let's make sure we elevate that.
Speaker 3 (12:47):
Yes, because I'm just like, so, there is a lot
of red tape that's been purposely placed in place to
stop people from getting relief.
Speaker 1 (12:54):
And when people ask, well, why is this something this is?
How is this something that directly helps black people? Because
I know another thing that we talk about a lot
is what is the black agenda that have black people?
Speaker 5 (13:04):
And while this.
Speaker 1 (13:05):
Isn't only specifically helping black people, it is a lot
of black people that will benefit.
Speaker 3 (13:10):
Yeah, Because first of all, two thirds of student loan
debts are are women have two thirds of student loan debts?
And then also too, like I just share, are women Yeah,
are like are like women just in general? Right, But
then to know that twenty years from now, the likelihood
is that you can still owe all that you borrowed
because as a person of color, as a black person,
So imagine what life would look like if you had
(13:32):
that student loan debt like eliminated. Imagine the house you
could buy, the children, you can have the business exactly
and so like, you know, because they.
Speaker 1 (13:40):
Tell us and the stress that that also on top
of everything else.
Speaker 3 (13:43):
I know a woman who is going to save a
million dollars in student loans. She's a doctor, went to
you know, medical school, took out hundreds of thousand dollars
worth of debt, and she said, by the time she
was finished paying it off, it would have been probably
close to a million dollars just because of the terrance,
you know, and she got her do the loan debt
forgiven she was in t your life change. She said,
I could have a family now, maybe I could buy
(14:04):
a house.
Speaker 2 (14:05):
People were putting off having families getting married, decided absolutely
because of student loan debt in this country.
Speaker 1 (14:11):
You know, we gotta pivot a little bit here. I
know Stacy was getting ready to do it.
Speaker 3 (14:18):
We're pivoting.
Speaker 2 (14:19):
We have a vision and point, just one quick tip,
what should entrepreneurs do for their mid check in? And
then we're pivoting to where we want to go.
Speaker 3 (14:26):
So as an entrepreneur, twenty twenty three was rough. It
was almost no budget eat to y'all because it was
a Yes, it was a really rough year.
Speaker 2 (14:32):
Twenty twenty four has been about recovering for yeah, and
twenty twenty three for most of us.
Speaker 3 (14:37):
And so one of the things that I did right
was that I had six months of emergency savings. And
so if you are halfway through the year as a business,
I want you to look and say, how much does
it cost to run my business? And get yourself as
quickly as you can to six to twelve months. Microsoft
has twelve months, and ask yourself why, because it will
give you six months to a year to figure it out.
(14:59):
So by the end of twenty twenty three, I had
one month left, so it took me five months to
turn the company back around. But imagine if I only
had three or two money. Honestly, I just would have
paid out of pocket. I would have to take from
Tiffany's bond to fund the Budgetista And so number one
thing as a as an entrepreneur, because we don't know
what the future holds, is to look to see how
much does it cost to run your business? How much
(15:20):
do I have set aside for savings, and just to
look to see are there other places that you're kind
of wasting money? It might be time to let some
people go, cause I don't like to let people go
during the holiday season. So now is the time. If
someone is not doing all that they could do, now's
the time so they can have you know they have
there's in September. There's a big hiring push in September,
(15:40):
and so like, now's the time. If you just know
someone is not performing, you give them the chance to
find something in September.
Speaker 2 (15:45):
Right, they mentioned CDs as a good place to do
your emergency saving.
Speaker 3 (15:49):
So for as a business. So the bank that I
bank with, which I'm not saying cause they don't pay me,
that they have programs that we're like they have, I
asked them, I said, where can it? Cause it costs
seven figure to run my company in six months, right,
And so I'm like, I don't want to just sitting
and checking right. And at first they were like, oh no, no, no, no,
I don't know, and I was just like no, you know,
so I kept bugging them. They're finally like, well, you know,
(16:10):
we have these.
Speaker 4 (16:10):
Business CDs and I think it's like four or five percent.
Speaker 3 (16:14):
So imagine seven figures earning five percent and six months
that's just sitting there, you know. And it was another
program if they had that were vetting because I don't
your money should be working.
Speaker 1 (16:23):
Yeah, even always say that my money's got to work.
It can't just sit lazy.
Speaker 4 (16:26):
Yes, but you also want it working.
Speaker 3 (16:28):
But you also want it accessible, you know, because you
want that if you're actually in an emergency. So what
I like to do is I would keep If I
have six months and there's a three month CD, I
would keep three months out put three months into a CD.
That way, if something happens, I have access to three months,
and when the CD matures, I have access to the rest.
Speaker 1 (16:45):
Okay, now, Tiffany, oh lord, you know we didn't falow
your journey and a lot of people, so what you
went through again, you know, it was very unfortunate.
Speaker 5 (16:55):
We sent you a.
Speaker 3 (16:56):
Lot of love and I felt it.
Speaker 1 (16:58):
Yes, absolutely know when when your husband passed, but you
did mention after and that was three years ago. But
now you have found someone, like you said, you're off
of hinge so you had to not just delete the
app but also unsubscribed.
Speaker 5 (17:14):
You can't.
Speaker 3 (17:17):
Yeah, I was for love.
Speaker 1 (17:18):
I wasn't looking for yes, And you know, you being
the budget nistaid, there's a lot of things that we
talk about when it comes to being in a relationship
and money. So tell us about what this journey's been like,
and what it was like for you starting with someone new,
and what kind of conversations you had.
Speaker 3 (17:35):
So in the beginning, I said, you know, because the loneliness.
At first, I was just looking to kind of fill
a void, like I just want my phone ring, That's
what I would say, because I had such a good
relationship with my husband and best friend. We talked, we laughed,
and I wasn't even looking at date other than just
male energy that I could talk and laugh with, Dave,
whoever you want, because I'm not trying to be your one.
Speaker 4 (17:54):
And I made it very clear.
Speaker 3 (17:55):
Which was strange though, is that everybody wanted to wipe up.
Speaker 4 (17:59):
I'm like where was she when I.
Speaker 3 (18:00):
Was twenty eight thirty trying to get wiped up? Now
you big grown men want to be like, nah, I
want you to be my girl. I was like, I'm
not interested, and I wasn't, you know, because nobody can compare.
Speaker 4 (18:10):
You know.
Speaker 3 (18:11):
But it took a lot of therapy to realize that
I'm not looking for a replacement. No one is ever
going to compare, you know, that it can still be
good but different. And so I just opened myself up
to like dating more intentionally. And it's actually somebody I
knew from some years back, Like I want to say,
I probably met them like fifteen plus years ago, and
I used to run in the same circle and then,
(18:32):
you know, and we were been cool. But you know,
I never thought I mean, sure, I thought he was handsome,
but black men are handsome, you know, so but I
never thought of him that way.
Speaker 4 (18:40):
But then.
Speaker 3 (18:42):
His grandmother actually lives around the corner for me, and
that's how we reconnected, okay, because he had asked me
a question about something she'd sold her house. She'd made
some money from it, and then he just reached out
to say what should she do? And I said, well,
I just walk on the corner to see Granny and
talk to her. So then we reconnected and we honestly
just started with walking. We just walk and talk, you know,
because like I said, I wasn't interested in like deeper partnership,
(19:06):
and so as a result of that, we really developed,
like really enhanced like the little bit of friendship that
we already had. And so it was nice to not
have to have to explain myself to someone or to like,
you know, for people, because when I was on the apps,
every once in a while somebody would say, but the
next time, I'm like block because I would put on
(19:27):
the apps, so like my teacher, they're like, I know you.
So it was nice not to have to worry about
like is this person here? But even with him, you know,
I thought about that too, how could you not? But
what really won me over is that I remember we
were talking one day. I used to like literally almost
(19:47):
walk every day and cry, like I was just called
my daily walk and cry because I just missed my
husband so much. And he called me one day and
I was like, I don't want to talk right now.
He's like, what are you doing? I'm like walking and crying.
Mine of my business? He was like you can walk
a cry and met with me. So he stayed on
the phone as I just cried and walked, and I thought, okay.
And he told me one time that like I was
(20:08):
bringing up Jerell's name a lot, and I just stopped myself.
He said, no, you don't ever have to stop yourself
from bringing up your husband's name. He said, I know
that if we are going to be together, it's me,
you and him. And I know I get this version
of you because of the way he loved you. And
I didn't get this Tiffany unless he was here. So
I'm grateful for him. And I don't ever want you
(20:29):
to think that you can't bring him up. And I said, oh,
that's when I kind of cracked open a little bit,
you know, cause I was just like, okay, you know,
I needed a place where I can safely yes, to
love my husband still, but also to be open to
someone else.
Speaker 4 (20:42):
And somebody might be like, well, if you really love
your husband, then you.
Speaker 3 (20:46):
Wouldn't be and that's not true. Imagine you have a
kid like I can imagine, Like you know, you have
your first child, you think to yourself, my heart can
never get bigger, because how could it like I've heard like,
I have not given birth, but I've heard mother say, like,
you know, your first kid, you're like at me all
the way open.
Speaker 4 (21:01):
And then you have your second you don't say, well child, because.
Speaker 3 (21:04):
What happened, yes, right, But what happens is that the
unique thing about love is that the more you love,
it expands your capacity for more and love. So me
being able to love my husband so well and be
loved by him so well, it expanded my capacity that
I can love someone as well.
Speaker 2 (21:20):
And when we were having girl talk about this, you
were saying that one of the things you wanted to
get out to people is that there is life after grief.
Speaker 5 (21:27):
Yes, And I love how your positioning.
Speaker 2 (21:29):
It's not like life after, it's just embracing all of it.
Speaker 4 (21:32):
Yes, And because I'll never not be grieving, right.
Speaker 2 (21:35):
And you also said it's important to set expectations.
Speaker 3 (21:38):
Yeah. So one of the things I like most about
him is that we talk about everything, but we can
have the hard conversations gently.
Speaker 4 (21:45):
We do like a monthly check.
Speaker 3 (21:46):
In and say how are you feeling? Do you feel connected?
You know, like we read books together. He's like really
well read, he's got his master's, really smart and so
I you know, I really love the fact that we
can connect. So you have to look for what you're wanting.
Like for some women, like for almost every man that
I date, just because of the success of my business,
I'm gonna make more, you know, Like there are some
(22:06):
men that you know that reached out and wanted to
date who didn't make more than me.
Speaker 4 (22:09):
But that's not as much because girl, you know, we
were making that crowd, you know.
Speaker 3 (22:14):
But you know, but despite that, I just wasn't interested
because there wasn't a kindness there. There wasn't this gentleness.
There wasn't this space to grieve and to be myself.
There wasn't. So I know, all the girl is be
like and I want me a millionaire, dude, I'm like,
I've dated some of them and y'all can have it.
Speaker 1 (22:30):
And tiffany one of my fans tell me she was like,
I wish I had money so I could date who
I went to women.
Speaker 5 (22:35):
Somebody told me that, Yeah, yeah, because for me, I'm
not out fighting for my life.
Speaker 3 (22:40):
Yeah, because the thing if I was a single mom
with two jobs trying to figure out, honestly, you date differently,
I would I would have to if I was still
preschool teacher Tiffany making thirty five thousand dollars a year,
it would look different. But for me, I do not
need My husband made significantly less than me.
Speaker 2 (22:56):
You know, he helped you, yeah where you're right tell us.
Speaker 3 (23:00):
Story, yes, yeah, yeah, but well for me, I mean
like when I first met Jirell, I was a preschool teacher.
He was a maintenance man in the building and I
remember I was just starting to think about the budgetista
and he was like, you should do it, yo, Like
you know what because Jerau is very Newark and he
was like, oh my god. He worked for house and
he was like we just had this dude talk to
us about money and housing. He was boring, not you big, you.
Speaker 4 (23:22):
Could do it.
Speaker 3 (23:23):
So it really pushed me.
Speaker 5 (23:24):
Yes, he really was, Oh my god.
Speaker 3 (23:26):
I remember like I for forget. I was like, you know,
dejaah on her show and he called me while I'm
on the show talking about I hear you on the show.
Speaker 5 (23:33):
I'm like, I'm live st that why during the show.
Speaker 4 (23:36):
So he was my ultimate height man.
Speaker 3 (23:38):
And I remember like I was like it was down
bad and I was just kind of like the business
was just starting to take off a little bit and
we were grown by the time we started really dating,
dating in my mid thirties, and he was like, you
should just live with me.
Speaker 4 (23:51):
And I was like, well, okay, we can exploit rent.
Speaker 3 (23:53):
He was like, now when I look like you split
and rent and splitting bills when I'm already paying them,
just come live with me. And so even though because
he worked for housing, we lived on campus. I think
reht was like nine something, so it wasn't like a
tremendous amount of money, but not having to worry about that.
I don't think so many men think you have to
have a ton of money in order to provide and
(24:15):
support and protect. That's not true. Like Durell was really
good at figuring out ways, like like you come stay
with me. I might not say here's the money to
pay your rent, but I will pay my rent and
you can live here.
Speaker 4 (24:26):
You ain't got to worry about it.
Speaker 3 (24:28):
Like every time I went on a trip to speak
or whatever, I didn't have to touch touch not one bag. Right,
you know, I'm gonna bring it to the you know.
Like that was so when I landed. You good, where
you're at, what you're doing, what you you know, like
I knew he would.
Speaker 5 (24:40):
He got you.
Speaker 3 (24:40):
I mean always he would say this thing where like caay,
nothing touch you before going through me, you know, and
so like.
Speaker 4 (24:47):
But that's what I mean.
Speaker 3 (24:47):
And this is a man who continued to work for
housing and you know it was a super but I
don't know that he ever made over sixty seventy thousand
dollars with the average black man.
Speaker 2 (24:56):
And you said you turned down the noise on that
when people were.
Speaker 3 (24:58):
Like yeah, because people would tell you here's the thing.
Women who are looking for someone, you get to decide
what you need because social media.
Speaker 5 (25:06):
Will have you alone, right, absolutly alone.
Speaker 3 (25:10):
I'm not saying you should not date the bus drive,
you should strives. I don't care.
Speaker 2 (25:13):
Girl.
Speaker 1 (25:14):
It's all an individual decision based on what you want
to do in your life. Yes, And there's no one
size fits all, not at all solution when it comes
to dating now.
Speaker 4 (25:24):
And I would have missed out on the most amazing
love possible, like my husband's love healed me, you know,
and I'm able to now be in partnership in an
even better place because of that love, right you know.
Speaker 5 (25:37):
So yes, and he would want this for you. He
would want you to be protected and happy, you know, so.
Speaker 3 (25:42):
I mean, but yeah, so now yeah, I'm I'm partnered
and you know, he is a beautiful, wonderful, smart person, and.
Speaker 4 (25:49):
I get to grow on top of what I had before,
and like, you.
Speaker 3 (25:53):
Know, just the communication is for me and this should
I mean, I don't care what you have on your list.
Let communication be at the top.
Speaker 4 (25:59):
Of it to be able to talk through thing.
Speaker 2 (26:02):
Tell us some tips for having the money talk couples.
Speaker 3 (26:04):
So yeah, we had it very early on, you know,
which was like, here's my expectation that like you should
be able to take care of yourself and also too,
like if we're gonna go out on a date, I
actually didn't want anyone. Don't overextend yourself, like you know, like, oh,
you're paying for a five hundred dollars dinner. Everything that
doesn't make sense to me because now I'm anxious, and
(26:26):
I know you anxious. Date within the range of what
makes sense, you know, like if you can afford that
we go to like a modest restaurant or whatever. Okay,
if it's like yo, it's really tight right now, you know,
let's go for a walk instead, I'm okay with that,
you know. So I much. For me, what I find
unattractive is financial irresponsibility. Okay, so that's what I find
(26:47):
because here's the thing. Let's just say, you know, you're
dating for marriage and you rack up your credit card
to impress me. So many women end up getting married
and then up paying that credit card bill anyway.
Speaker 4 (26:56):
Right right?
Speaker 1 (26:57):
I don't want that, right, and I don't want us
to get married. And you're responsible with when it becomes
our money.
Speaker 3 (27:02):
Yes, you know.
Speaker 1 (27:03):
So, because people have such a hesitation talking about their
financial circumstance, it is best to be open and honest.
Speaker 2 (27:10):
But closer.
Speaker 3 (27:12):
Well it's hard, right because not everybody wants to hear them.
That's what you have to keep looking, you know. And
like that honesty, that transparency, Like we used to call
it radical transparency. Like when he and I talk, I'm like,
let's just be radically transparent. What are you thinking, what
are you feeling, what's making you feel? Like when Jirell
is here, sometimes he would say that, like sometimes I
feel bad, baby, because you make so much more than me,
(27:33):
and like, you know, how does that even work? Are you?
Speaker 2 (27:36):
You know?
Speaker 4 (27:36):
And I would have to be like, no, this is
this is what we bring you know to the table.
Speaker 3 (27:40):
This is why it is.
Speaker 4 (27:41):
It is the money part is easy. What you bring
is so much better.
Speaker 5 (27:45):
I wouldn't be able to go out and make this
money if I didn't have this support.
Speaker 3 (27:47):
Because to know that, Like I remember once he was like,
if you want to quit Budgeonista, you'll all scrap metal.
I will, you know, like I will work over time.
I knew that there was no hitting the floor. And
so there are ways to show for your partner, but
both people have to be willing. The key to me
to truly connected wonderful partnership is each person is working
(28:08):
on themselves individually to be better, and then they are
willing to work on the relationship together to better.
Speaker 1 (28:14):
I always say that two whole people coming together is
the best that you get. It's not two halves make
a whole, you know.
Speaker 2 (28:20):
So yeah, so this mid year financial.
Speaker 3 (28:26):
He's gonna be like, did she talk about don't get gassed?
Speaker 2 (28:30):
Why Tiffany is the book is made whole And as
you can see, there's a lot more to money than
dollars and cents. Made whole. For your midiyear financial check in,
you need a goal sheet and she has made it
really easy as a free resource, free resource for all
of you.
Speaker 3 (28:49):
So it's just gonna be super easy. Just find me
the budget and he's still on Instagram, and just d
m me the word goals and I will send you
that free goal midiar check in resource sheet and just
start like like we mentioned before, figure out where you
were in the beginning of the year, write down what
your goals are. Now, find you an accountability partner, have
regular check in.
Speaker 1 (29:08):
Okay, we love our budgnise to follow her so much
and I'm so happy and you touched us today, honestly, like,
thank you so much, thank.
Speaker 5 (29:16):
You, thank you.
Speaker 2 (29:17):
Happy Wealth Wednesday everybody, and don't forget to follow Wealth
Wednesdays on Instagram and to go to Teamwealth Wednesdays dot
com for our free newsletter.
Speaker 3 (29:27):
Well
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Angela Yee
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