May 6, 2025 • 41 mins
Have you ever had life completely derail your carefully constructed financial plans? That pivotal moment when reality forces you to completely reimagine what you thought your future would look like? What do you do next?
This episode is for my First Gen wealth builders who are navigating financial uncertainty and who've worked relentlessly to overcome barriers only to face new obstacles. I share my own recent dilemma of being forced to pivot with these uncertain economic times.
I also share my insights on managing expectations, recognizing when resistance is actually guidance, and redefining success on your own terms. Most importantly, you'll discover that pivoting doesn't equal failure - sometimes it's the most resilient path forward.
Follow me on Instagram for additional resources from experts in our community helping us not just survive uncertainty, but position ourselves to thrive.
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I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Please consult a licensed professional before making any financial decisions. I shall not be held liable for any losses you may incur for information provided in this video. Please be careful! This video is for general information purposes only and is not financial advice.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
We all have those big goals and hopes and dreams and
we all have like that vision ofour dream life in the near
future or future, and we workreally hard for it to accomplish
that.
Pero a veces life be lifing ylos tira.
(00:20):
You know, a big old wrench inour plans and we have to learn
to pivot and adjust, and sotoday I'm going to share my
recent time that I had to pivotso we can normalize that.
Especially right now, witheverything that's going on, a
lot of us are being forced topivot and adjust our plans and
(00:45):
it can be stressful and it couldbe, you know, depressing, and
you know you lose yourmotivation, and so today we're
going to talk about that.
But first, hola hola, I amvioleta, a first gen real estate
investor and host of the moneychisme podcast, where I talk
about personal finance,especially real estate,
(01:05):
investing and entrepreneurship,but also share the stories and
expertise from people in our owncommunity, because that's very
important, because we have aunique experience.
So if that's something thatinterests you, make sure to
subscribe or follow the showwherever you are listening to
this episode.
(01:26):
So, as mentioned earlier, Iwant to talk about pivoting when
it comes to our financial goalsand dreams because with
everything going on, with theeconomic uncertainty, we don't
know what's going to happen, howbad it's going to get, and this
can be annoying and stressful,especially if you are a planner.
(01:50):
Like I am a huge planner, Ilike to plan.
I have, like the next few yearsplanned out or so I did right,
and then now this happensthere's a wrench in the plans
and now we have to take a stepback and adjust things and maybe
put some things off or just doaway with some of the things you
(02:14):
know like immediate goals thatwe had.
Especially sometimes it can bereally exhausting, especially as
a first gen and a millennial atthat, like we've had to
overcome so many obstacles andreally work our asses off to get
(02:40):
where we are right now.
And we still are right.
We're still having to overcomelots of barriers and obstacles
and just as we are starting tocome up right, we are starting
to make progress in closing theracial wealth gap and home
ownership, in real estate,investing in degrees, getting
(03:03):
our degrees and all that.
That like we are making hugestrides and then bam, like we
have another obstacle that wehave to overcome.
And so a lot of people in ourcommunity, in the latino
community, and we are having totake a step back and look at our
finances, like I know so manypeople that have been impacted,
(03:26):
including myself, right, andwe've had to make some drastic
changes and adjust what we weredoing and even take a step back
because we want to reduce ourfinancial risk.
And so I want to talk aboutthat and share what I had to do
recently on the financialdecisions that I have made and
(03:51):
have had to adjust because Idon't know what's going to
happen.
I don't know how you know theeconomy is going to be, because
we have someone that is justmaking drastic decisions without
, you know, really educatingthemselves on how it's going to
(04:13):
affect the working class, andthat is something that I had to
do myself.
So a quick background I amleaving the military in a few
months, which I couldn't havepicked a better time right to go
from a steady paycheck, reallyreliable paycheck, on the 1st
(04:35):
and 15th and now going out on myown when we have all this going
on.
And so definitely has beenstressful and I've really, at
first, just you know, part of myfinancial plan was to give
myself a buffer of you know, afew months as far as emergency
(04:58):
savings, but also I had startedsaving a little bit more because
I wasn't planning to you, youknow, work for the rest of the
year, because I get out likeAugust and so I have a few
months left in the year and Ireally wanted to just kind of
like take a break from workingand, you know, enjoy being with
(05:21):
my daughter, and also I have alot of stuff to do as far as
setting up the land, to set upthe garden and chickens and all
that stuff.
So there's a lot of stuff thatI need to do, and so I was
already saving up, you know,parts of my paycheck so that way
I can have the buffer of nothaving to work for the next few
(05:44):
months.
Y luego, as far as the land, inTexas I had this huge dream of
building a big barnumenium andyou know I had planned to go
pretty much all out because thiswas going to be my dream home,
my final home.
Yeah, no more moving from everyfew years, from the military.
(06:09):
I was finally going to likesettle down and have my house y
arreglarlo how I wanted to right.
Well, now, with the economydoing its thing and with the
decisions that are being made.
Is that, like I don't want toput ourselves in a financial
(06:32):
risk like that because we don'tknow how bad the prices are
going to be, and I don't want tobe like struggling because the
goal is to basically live a softlife, like just be out there in
my backyard going to chickens,growing my own food and all that
(06:53):
stuff.
And so now I had to really takea step back and figure out,
okay, what the hell are we goingto do now?
And this is where everythingkind of at that moment felt like
everything was going downhill.
Because now I'm like I'm aboutto get out, I'm about to leave
(07:15):
such a stable job and paycheckand my husband had already
gotten out last, at the end oflast year and we're like, what
are we gonna do?
Like we like we're not gonnahave jobs.
Well, my husband has a jobright now, but, um, we are used
to two big paychecks and youknow, we already knew we're
(07:38):
gonna take a pay cut and allthat stuff, which was fine
because, um, we're going to, youknow, we're going from
California to Texas, which isgoing to be a huge difference in
cost of living.
Pero, like now it's like ooh, Idon't know Like we really need
to get on here and come togetherand figure out this budget now.
(08:00):
And so when I started lookingfor the barnum inium, like it
was like obstacle after obstaclefrom day one, the first thing
was figuring out how I was goingto fund this barnum inium.
And one of the things is thatI'm used to using the VA home
(08:21):
loan, but when you are buildinga house it is different.
Um, there's, you know, uh, youhave to get like a construction
loan and then you have to then,after the house is built, come
back and do another loan to kindof lump the house and also the
(08:43):
land and then that way you haveone mortgage, so it all becomes
just one big loan.
And that was a struggle becauseI didn't want to have to do two
closings because I'm about toleave.
And the problem with that isthat now lenders are going to
give you such a hard time if Idon't have a job, right, because
(09:07):
, again, my plan is that Iwasn't going to work for the
last few months.
So lenders are not going to behappy if I go get this
construction loan and then a fewmonths later, once that house
is finished and everything likethat, um, and then with my
husband he was 10.99 at thattime, like it was it was just
(09:30):
like obstacles all over theplace, like I was like, oh, I'm
not gonna be able to do thatbecause then we're gonna be
stuck with the construction loanand you can't do that.
You have to uh finance um toanother loan to combine the land
loan and the construction loan.
And so that was obstacle numberone.
It's like, how are we going tolike fund this?
(09:53):
And I lucked out and did find alender.
So I did find a VA lender thatwas going to actually be able to
do a one-time closedconstruction loan to where you
started off with theconstruction loan and it would
automatically like switch over.
I'm not too sure with thelogistics of it because of you
(10:18):
know, we didn't end up goingthrough the whole process with
them just because of otherobstacles that ended up coming
up.
So then the next obstacle waswhen I actually started
researching how much it's goingto cost to build a barn a
minimum, and you know they usedto be more affordable back in
(10:41):
the day.
But now, wow, like what afreaking eye-opener talk about
fucking facing reality was.
Like you know, I was living inthis la la land of like, oh yeah
, I'll just build a barnuminiumand it'll be cheaper, and blah,
blah, blah.
Cool, because that was thereason I picked barnuminium.
And, yes, it's definitelycheaper than a stick built.
(11:05):
You know a traditional way ofbuilding a house, and it's
faster, right, because, um, andyou have more leeway on the
layout of the of the floor planof your house because, uh, you
don't have to have like a, aload-bearing wall to worry about
(11:26):
, like, you could basicallydesign the floor plan any way
you want, basically.
And so I was gonna go with afew companies.
I I started like researchingand calling around, getting
quotes and seeing kind of plansthat I wanted, uh, but, wow,
we'll talk about eye opening onthe actual cost.
(11:46):
Now, the thing with Barnuminiumsis that they will sell it to
you in different phases, right?
The first one is that they cansend you just the basic kit.
They send you all the tools,right, like the walls, the sheet
, whatever, and they just mailyou that and they send you with
(12:09):
the plans and the engineering,all that stuff, and then you are
in charge of finding people tobuild it, or, if you're in a
county or something that allowsyou to build it yourself, then
you can do that right.
And then after that it goesinto more different types of
phases, ranging from they justcome and set up the shelf for
(12:31):
you and do the concrete, thesteel framing, which is just the
outer shelf, and they'll putthe roof and may or may not
include the windows.
And then there's the second onethat includes where they do the
framing, the wood framinginside, where it sets you up for
the whatever floor plan thatyou ended up.
(12:54):
And then the third phase waswhere they came and did that and
it included the foam insulation.
And so just to do a phase threewas already at 185,000.
That's the quote I had.
Now again, this is raw land.
Now I did have electric andwater at the street level, so
(13:19):
that didn't include pulling thewater line and setting up
electric from the, from the road, all the way back to the house.
It didn't include a driveway.
I still would have to put aseptic tank, and so this 185 is
not going to include the hvac,the plumbing, electrical, having
(13:43):
to do the drywall, puttingcabinets, putting flooring down.
So you can see how easily itcould get.
You know more than that.
It probably would be at least100k, maybe 120 around there on
top of the 185, to do all thisextra things that I would have
(14:06):
to do, because for just the 185kit's only phase three and they
just basically build your shelland a little bit of the framing
inside.
So, wow, big eye opener for menow.
Remember, I still owe the landand even though it has some
equity uh, it was I could usesome of that equity to basically
(14:31):
be a down payment for this loan.
But with just the building ofthe house it would have been
close to 300k, right.
And then on top of that, like Isaid, I owe still 114.
That easily gets up there,right, almost a 500k house,
(14:56):
which would have left me, umabout, uh, I think at that time
it would have been almost a fourthousand dollar mortgage and I
was like, oh, definitely notwhat I want, because that's what
I was doing over here incalifornia.
I had a 4200 mortgage pluswhatever I owed for using a home
(15:19):
equity loan.
So, which is the reason I soldthat house?
To just get rid of that debtand I didn't want to go and move
to somewhere where it'ssupposed to be cheaper and have
to worry about having a fourthousand dollar freaking
mortgage, especially when Iwasn't planning to work right.
(15:40):
So I really had to sit back andthink okay, what are we gonna
do?
What do I have to do now?
I have to adjust, because I wasfreaking out because now it's
like I'm gonna be homelessbecause I can't afford to build
this barnum indium.
And then, needless to say, whenI went to go try to get a
(16:02):
pre-approval for this, like theywere not gonna give me, uh,
that much, which I got, I'm notgonna lie I got a little bit
spoiled with easily gettingpre-approved.
But now that I have, you know,more mortgages because I have
rental properties right now,which is one of the reasons I'm
(16:23):
going to move them to LLCsbecause, uh, I need to be able
to get pre-approved for stuffnow Um, I also had another
barrier of because we're going,you know, to a communal state as
well, they I would have to havemy husband on there, which I
was going to anyways.
(16:45):
But the problem is, um, as Isaid earlier, is that he was
1099 and with 1099s, the tryingto get a loan with that is
already a huge obstacle, becauseyou are self-employed and banks
don't like that.
(17:05):
They want a huge history,usually at minimum two years and
you have to try to prove youryour salary for two years with
tax returns and everything.
Well, my husband had justbecame a 1099, he just left the
military, so he didn't have that.
(17:26):
But of course I would have toalso take his debt, so I
couldn't include his income butI could sure enough include his
debt.
So what?
That was one of the reasons Icouldn't get a high, high of a
loan that we would need for thebarnum and yam.
So we had to then adjust and doour next pivot.
(17:49):
But I also want to mention thatI did take some time to grieve
the loss of this dream of, youknow, having this nice big house
and whatever.
And I want to kind of normalizethat and because it's okay to
grieve it and even though it waskind of like, probably
(18:09):
unrealistic of me, because Ishould have done my research
before I, you know, got my hopesup or whatever.
You know, sometimes it justhappens.
Sometimes you plan for thingsand you work so hard for
something and just things justdoesn't work out, or you realize
that you know what, you're justnot quite there yet and that's
(18:31):
what I had to come to terms withand you know like it was
stressful and I had to reallytake a step back and just kind
of like, just grieve it right.
And if that's something thatyou're going through right now,
um, with everything that's goingon and having to adjust, just
you know, take that time togrieve.
(18:54):
So that put us back to thedrawing board.
We had to figure out like, okay, so what are we going to do?
What kind of house can we puton this land?
Because we don't want to do astick build One, we can't afford
it.
Two, it's going to take way toolong.
We were at this point, likearound November time frame, and
(19:16):
you know we're supposed to movein June, end of June, so we
don't have that time.
We don't want to be homeless inJune, end of June, so we don't
have that time, we don't want tobe homeless.
And then, two, barmenium is outthe window, because also kind
of time, but also way more thanwhat we expected.
(19:37):
And so my husband was like, whatabout manufactured homes?
Because he has lived inmanufactured homes when younger,
and then his parents currentlylive in a manufactured home
right now, which, by the way,they got for a dollar, which
that will be a.
I could tell y'all that storyin another episode if y'all want
.
But uh, he mentioned that and Iwas like, uh, I was a little
hesitant because I'm not toofamiliar with manufactured homes
(19:58):
, I don't know what to look for.
It's kind of like out of myrealm of you know things that I
know.
I've always just lived inregular houses.
But he kind of like talked tome about it and what they you
know.
They're basically similar homesand it's just a little bit
different, which I can get intothat in another episode and so I
(20:22):
said okay and we startedlooking and we found one, a
builder that was local and hehad some options, and so we
started looking at the options.
I found a few that I liked andthere were about.
I still was with the mentalityof getting this big house of 20.
I think the one we were goingto go for was like 2400 square
(20:44):
feet, a little bit more.
I think it may have been 2600and I don't remember at this
point.
But I was still trying to havelike this big house and
everything and it was going tobe more doable because, uh,
manufactured homes are waycheaper than uh having to build
a barnumum, enum or a stickbuild and they're actually built
(21:06):
faster, because manufacturedhomes are built in a factory
right and so they're able topush them out faster, and then
you put them on the land and doslab or whatever you want to put
as the foundation, and so thatwas the next thing that we were
going to consider.
But we still had the obstacle ofmy husband being a 1099, which
(21:32):
he works at a startup, and theywere going, um, to make
everybody w2 employees this year, which now he is, but at that
time he was still a 1099.
So we still had that obstacle.
But because the manufacturedhome is way less than we, it was
(21:52):
going to be underneath, uh,what we were actually
pre-approved for.
So it was going to work out,except that now we have the the
problem of it being amanufactured home and with the
va loan they can get prettytricky on what they are going to
(22:13):
approve for, especially withbuilds.
Um, they're very nitpicky onwho gets to work on the property
and they want everything thatneeds to be licensed that
requires someone that's licensed, like, for example, electrician
things like that.
You have to have them do itright, and so there's a little
(22:35):
bit tricky with the appraisal aswell with manufactured homes.
And so when we went to thebuilder we had like this whole
back and forth of with VA loanand they're like, look, it's
going to be difficult and whichwas proving correct.
And so then they wanted us togo and basically go back to the
(22:56):
where you get a constructionloan and then go refinance it
into a regular loan and theycall it like chattel loans,
which it can be good or baddepending how you do it, and
stuff like that.
We didn't want to do that andwe're like no, because we
explained it's like, hey, she'sgoing to be out of the military
(23:19):
soon and so we're not going tohave the ability to go back and
then refinance it out of achattel loan or whatever into a
regular loan, so that's notgoing to be an option.
So we did find a lender thatwas going to give us the same
option where it's a one-timeclose loan.
But then we still had the 1099problem and that was such a
(23:44):
headache, like we've beendealing with that for months.
And then they didn't want uswant to give us, um, the same
amount because they got windthat I was going to get out.
So then that scared them off oflike, oh well, she's not going
to have a job, you know, likeshe's getting out in a few
(24:08):
months and he's not going tohave high enough.
Well, first, first of all, theydidn't want to even accept him
because he was 10.99 at thattime, and so then that like
scared them, and so then theydidn't want to give us a high
enough loan.
They wanted us to do asecondary home, like it was.
It was just like, oh my god,like, just like craziness, and I
(24:31):
want to say and kind of likepoint out, I'm one of those
people that believe in kind ofsigns from the universe, right,
that when you start feelingresistance towards something and
you're really trying to makesomething work, but more
obstacles seem to get in the way, I see it as like you know what
(24:53):
, then this is probably thedirection that I need to go.
Maybe the universe is trying totell me that this is a bad
decision, or I need to adjust my, my plans, or whatever I this
isn't the path I'm supposed togo.
And I took that the same waywith the military.
(25:14):
I started having resistancewith, you know, uh, being able
to maintain my weight anddealing with, you know,
infertility, and I just feltlike so many things were coming
up that was making it hard forme to be in the military, and I
took that as a sign that youknow what it was time for me to
go.
It was time for me to like signthat you know what it was time
(25:37):
for me to go.
It was time for me to like, youknow, um, make my exit strategy
that I wasn't supposed to go youknow the full 20, which ended
up being the right decision,because there's a lot of things
that are going on right now thatI am glad that I am leaving.
Uh, although I still have to goto the reserves, but I don't
have to deal with everything.
(25:57):
I mean y'all seen it in thenews with firing federal workers
and all these programs that aregetting cut and everything like
that Like there's stuff that'shappening that is just like it's
a struggle that I'm glad I'mnot staying in because I don't
want.
We can't even get some stuffdone.
It's, it's ridiculous.
So, um, definitely glad that Imade the exit.
(26:21):
Now, which side note all ofthese are just my own views and
opinions and, you know, don'treflect the military's views and
opinions or whatever it's notan official thing of the
military opinions or whateverit's not an official thing of
the military, it's just whatI've been thinking and you know
my thoughts and views of what isgoing on.
But with the decision ofleaving the military, you know
(26:46):
that was a good decision.
But as far as the financialportion, that's the thing that
then I had to look into and alsorealized that there's a lot of
resistance that was happening interms of the finances and
financing of the manufacturedhome, because again, we still
(27:06):
had the obstacle of being onlybeing able to get pre-approved
for a certain amount.
So that big 24, 2600 squarefoot, you know, manufactured
home that I was thinking ofgetting, like this double y that
looked all nice and everythinglike that, uh, that was out the
window.
So that was another time that Ihad to kind of go through and
(27:30):
kind of grieve and be like, like, because it felt like
everything was just going wrongat that time.
You know, on top of everythingthat's going on with the economy
now, personally, like I'm beingaffected with all the decisions
, it felt like I couldn't youknow I couldn't catch a win.
So then we had to look for asmaller manufactured home and
(27:52):
this is where I want to get intoa little bit of um, adjusting
and managing your expectationsand kind of going through.
Even though you're going throughlike this grieving process of
this big dream, there's alsolike a time where you need to
(28:14):
step back and reanalyze whatyour actual goals and dreams are
.
Because in this case, with thebarnum, enium and stuff like
that, this big dream of havingthis luxurious, luxurious house,
was that really what I wasdreaming of?
(28:38):
Was that really my goal in life?
And when I started reflectingon that I realized that that
wasn't the dream.
And the more I reflected on it,the more I started realizing
things.
So over here in california Imentioned, I had a house over
here and it was a four bedroom,two-story, 2400 square foot home
(29:02):
that was on half an acre.
And then I started looking backand remembering over the years
of staying in this house.
And this house also had asecond living room.
And let me tell you that seconduh living room all it served
was to have stuff in it, junk init.
(29:22):
It ended up just being kind oflike a storage for things, uh,
for random stuff.
Originally we had kind of madeit into maybe a second office
and we would try to make it intoa second game room, but
realistically it never got used.
We used the main living room asthe game room and my stepson
(29:43):
used his room to game with hisfriends.
So nobody realistically usedthat second living room besides
the random junk and plants andlike it, just like, ended up
having random stuff in it.
And so, like I started thinkingI was like, okay, so I was
trying to get this other housethat had a second living room
(30:04):
because I had I thought like, oh, I could make it into like a
gym or whatever, which I didhave a gym in the garage and let
me tell you how many times thatgot used.
Right, it just the equipmentjust stored in there.
And because my husband, we likeit just became a garage.
And so then the more I startedthinking about it, I was like
(30:24):
man, like I'm over here wantingthis big house and all that is
going to happen realistically,is that those?
Because, because from history,my history is that we didn't use
these spaces, we just ended uphaving more storage space.
Basically, and same thing withthe four bedroom house.
(30:47):
You know, ideally,realistically, we were thinking
that you know, we would have mystep steps, on which he did live
with us at that time.
But then the other room wasjust an office that I didn't
really use as much.
I only used it to like, do youknow, record YouTube videos or,
you know, a random podcast hereand there, because I wasn't too,
(31:10):
you know, consistent with mypodcasting, and when I did that
I used downstairs.
I would just take my laptop andwork on the couch because I
wanted to be part of the family,right, and so that room kind of
got used but again ended upbeing just more storage for
random stuff, and the otherbedroom we ended up just renting
(31:32):
it out right to a friend of usof ours that needed a place to
stay, and so, again, we had thisbig house and we didn't
actually use it.
So that's when I startedreflecting on like okay, you
know I'm over here depressedthat I can't have this big house
(31:54):
.
Then, looking back, when I didhave the big house, I didn't
need it.
It was just a lot of wastedspace.
And so then I started thinkingabout like, yeah, so I don't
want to have to pay, becauseeven though we went from a
barnaminium that would have beenlike 4k, uh, for a mortgage it
went down to like 3200, and then, like for a mortgage, it went
(32:16):
down to like $3,200 for amortgage.
And then I was like, okay, wecould go lower than that.
We only need three bedrooms.
I only have one my daughter.
If my stepson comes and liveswith us again, there's an extra
room.
If not, I'm going to use it asan office now, because I do need
a space now to where I couldrecord podcasts and do
(32:38):
interviews and all that stuff,and we don't need the second
living room we have.
You know, just one living roomis perfectly fine.
And so now we settled to a threebedroom, two baths, 1700 foot
house and it's perfect size.
Like all I had to do was reallyjust look at this.
(33:01):
Uh, what I really actuallyneeded and wanted, it's still
going to have, you know, a, anopen floor plan and stuff like
that.
And the rooms I really don'tcare.
I mean they're good sizes andstuff, but I don't really, you
know, I don't chill in my roomlike I just sleep in my room.
So, although my husband's gonnaneed his own desk in the room
(33:23):
because he does remote work.
But once I started having thismindset shift, I started
realizing, you know, that Ireally am not giving up on my
dream, because the dream, theactual, real dream was to be
able to live, you know, close tomy parents and have a family
(33:49):
compound, which that's stillgoing.
That's still the dream, that'sstill in the works.
Right, they have the lot nextto me now.
They just got to start building.
They're just waiting for me tobe there.
So they because they don't wantto, like you know, not have
someone looking at what's goingon, and so that is still there.
My sister's moving there too.
(34:10):
I'm still on the land, I'm stillgoing to be able to raise my
chickens, I'm still going to beable to have animals and grow my
own food homestead.
And the best part is that I'mnot going to put myself at a
huge financial risk, because nowI went from like possibly what?
4k, possibly more, because withthe interest rates um of a, a
(34:35):
mortgage and now I've broughtdown to 2600 is what, um, the
current thing is.
But then, once I starthomesteading and all that stuff,
I could start using theagricultural um tax uh benefit.
You know where it reduces yourproperty taxes and you know I do
plan to eventually move intomaybe a a she shed where I could
(34:59):
do my podcast and stuff likethat.
So there's still likeopportunity.
That the the dream life isstill there, and now I could
even reach financial freedomfaster, because my costs are way
lower than what I originallyhad planned for and, matter of
fact, with these three rentalproperties are already enough to
(35:21):
cover the mortgage that I'mgoing to have.
So I'm already halfway there.
I just need a few more rentalproperties to cover all of my
bills right, cover all of mybills right.
And then, also, I still amgoing to have money to travel,
(35:41):
to be able to buy a property, asecond home in Mexico, so I
could go live.
A hybrid situation.
And so, even though I had topivot, it didn't necessarily
mean that I was failing atfulfilling the life that I had
dreamed about, because, again,as I was mentioning, I'm still
(36:03):
able to do all the main thingsthat were actually important to
me not necessarily having thisnice fancy house and so I want.
Basically, the takeaway fromthis episode is that, with
everything going on, a lot of us, our finances, we're having to
(36:23):
figure out what to do with ourfinances, because I know I've
seen a lot of people in ourcommunity that have businesses
that are having to adjust, andsome of them have had to take a
step back and go back to a nineto five.
They still have their business,but because of the uncertainty
and the impact to their business, they don't want to put their
(36:47):
families at risk.
So they go back and get a nineto five to ride out this.
Ride out this um, this you knownew obstacle and uncertainty
that we're going to and pivotingdoesn't mean that you are
failing, it's just, you know,choosing to be resilient and
(37:08):
being flexible and that's what'sgoing to help you survive and
get through this chaos.
And so if you are going throughsomething similar where you're
having to kind of like, take astep back and adjust your you
know your plan, what you'redoing, especially when it comes
(37:28):
to finances maybe you're havingto do the same where you have to
get, maybe go back to a nine tofive or a more steady income,
or maybe take a second job andget, you know, more income to
kind of like boost thatemergency fund or whatever.
Like.
It's hard.
It's definitely hard right nowfor our community, but we are
(37:52):
out here to support each other,our community, but we are out
here to support each other.
I have found a lot of supportfrom our Latina community, our
Latino community, and we are outhere and we just got to keep
supporting each other, keepmotivating each other and also
realize that your dream is notlost, it's just kind of put on
(38:13):
pause.
Or maybe you're taking thescenic route, you're taking the
longer route to your finaldestination, your dream life,
and maybe you're just like me,where you had to kind of manage
your expectations, I guess, andadjust what really mattered,
(38:36):
because sometimes we do get lostin this also, you know, trying
to live it big when in reality,we really want something more
realistic, and you know that'swhat matters.
So, just keep your dream alive,keep working towards it.
And finally, I do want to remindy'all that we do have lots of,
(38:56):
you know, experts in ourcommunity, from our community,
that are out here helping, youknow, our Latino community, not
only like plan on how to survive, but also how we can thrive
with the next few years, evenwith all the chaos that is going
on on how to protect ourfinances.
(39:18):
And a lot of these are, you know, have been a guest in this
podcast, so make sure you checkthose previous episodes out,
because they have come on hereto share their expertise.
But also, if you're notfollowing my Instagram,
definitely follow because I doshare those resources on my ig
(39:39):
stories from.
You, know those in my networkand also follow the blog.
I post them on there.
So all you have to do is lookright.
Just a quick look and you'llfind us out here trying to help
y'all out.
So just wanted to do a quickreminder because sometimes we
forget when we are stressed outand we get so lost in trying to
(40:03):
survive.
So just a quick reminder, butother than that, that's it for
this episode.
I will see you in the next one.
Bye.
We all have those big goals and hopes and dreams and
we all have like that vision ofour dream life in the near
future or future, and we workreally hard for it to accomplish
that.
Pero a veces life be lifing ylos tira.
(00:20):
You know, a big old wrench inour plans and we have to learn
to pivot and adjust, and sotoday I'm going to share my
recent time that I had to pivotso we can normalize that.
Especially right now, witheverything that's going on, a
lot of us are being forced topivot and adjust our plans and
(00:45):
it can be stressful and it couldbe, you know, depressing, and
you know you lose yourmotivation, and so today we're
going to talk about that.
But first, hola hola, I amvioleta, a first gen real estate
investor and host of the moneychisme podcast, where I talk
about personal finance,especially real estate,
(01:05):
investing and entrepreneurship,but also share the stories and
expertise from people in our owncommunity, because that's very
important, because we have aunique experience.
So if that's something thatinterests you, make sure to
subscribe or follow the showwherever you are listening to
this episode.
(01:26):
So, as mentioned earlier, Iwant to talk about pivoting when
it comes to our financial goalsand dreams because with
everything going on, with theeconomic uncertainty, we don't
know what's going to happen, howbad it's going to get, and this
can be annoying and stressful,especially if you are a planner.
(01:50):
Like I am a huge planner, Ilike to plan.
I have, like the next few yearsplanned out or so I did right,
and then now this happensthere's a wrench in the plans
and now we have to take a stepback and adjust things and maybe
put some things off or just doaway with some of the things you
(02:14):
know like immediate goals thatwe had.
Especially sometimes it can bereally exhausting, especially as
a first gen and a millennial atthat, like we've had to
overcome so many obstacles andreally work our asses off to get
(02:40):
where we are right now.
And we still are right.
We're still having to overcomelots of barriers and obstacles
and just as we are starting tocome up right, we are starting
to make progress in closing theracial wealth gap and home
ownership, in real estate,investing in degrees, getting
(03:03):
our degrees and all that.
That like we are making hugestrides and then bam, like we
have another obstacle that wehave to overcome.
And so a lot of people in ourcommunity, in the latino
community, and we are having totake a step back and look at our
finances, like I know so manypeople that have been impacted,
(03:26):
including myself, right, andwe've had to make some drastic
changes and adjust what we weredoing and even take a step back
because we want to reduce ourfinancial risk.
And so I want to talk aboutthat and share what I had to do
recently on the financialdecisions that I have made and
(03:51):
have had to adjust because Idon't know what's going to
happen.
I don't know how you know theeconomy is going to be, because
we have someone that is justmaking drastic decisions without
, you know, really educatingthemselves on how it's going to
(04:13):
affect the working class, andthat is something that I had to
do myself.
So a quick background I amleaving the military in a few
months, which I couldn't havepicked a better time right to go
from a steady paycheck, reallyreliable paycheck, on the 1st
(04:35):
and 15th and now going out on myown when we have all this going
on.
And so definitely has beenstressful and I've really, at
first, just you know, part of myfinancial plan was to give
myself a buffer of you know, afew months as far as emergency
(04:58):
savings, but also I had startedsaving a little bit more because
I wasn't planning to you, youknow, work for the rest of the
year, because I get out likeAugust and so I have a few
months left in the year and Ireally wanted to just kind of
like take a break from workingand, you know, enjoy being with
(05:21):
my daughter, and also I have alot of stuff to do as far as
setting up the land, to set upthe garden and chickens and all
that stuff.
So there's a lot of stuff thatI need to do, and so I was
already saving up, you know,parts of my paycheck so that way
I can have the buffer of nothaving to work for the next few
(05:44):
months.
Y luego, as far as the land, inTexas I had this huge dream of
building a big barnumenium andyou know I had planned to go
pretty much all out because thiswas going to be my dream home,
my final home.
Yeah, no more moving from everyfew years, from the military.
(06:09):
I was finally going to likesettle down and have my house y
arreglarlo how I wanted to right.
Well, now, with the economydoing its thing and with the
decisions that are being made.
Is that, like I don't want toput ourselves in a financial
(06:32):
risk like that because we don'tknow how bad the prices are
going to be, and I don't want tobe like struggling because the
goal is to basically live a softlife, like just be out there in
my backyard going to chickens,growing my own food and all that
(06:53):
stuff.
And so now I had to really takea step back and figure out,
okay, what the hell are we goingto do now?
And this is where everythingkind of at that moment felt like
everything was going downhill.
Because now I'm like I'm aboutto get out, I'm about to leave
(07:15):
such a stable job and paycheckand my husband had already
gotten out last, at the end oflast year and we're like, what
are we gonna do?
Like we like we're not gonnahave jobs.
Well, my husband has a jobright now, but, um, we are used
to two big paychecks and youknow, we already knew we're
(07:38):
gonna take a pay cut and allthat stuff, which was fine
because, um, we're going to, youknow, we're going from
California to Texas, which isgoing to be a huge difference in
cost of living.
Pero, like now it's like ooh, Idon't know Like we really need
to get on here and come togetherand figure out this budget now.
(08:00):
And so when I started lookingfor the barnum inium, like it
was like obstacle after obstaclefrom day one, the first thing
was figuring out how I was goingto fund this barnum inium.
And one of the things is thatI'm used to using the VA home
(08:21):
loan, but when you are buildinga house it is different.
Um, there's, you know, uh, youhave to get like a construction
loan and then you have to then,after the house is built, come
back and do another loan to kindof lump the house and also the
(08:43):
land and then that way you haveone mortgage, so it all becomes
just one big loan.
And that was a struggle becauseI didn't want to have to do two
closings because I'm about toleave.
And the problem with that isthat now lenders are going to
give you such a hard time if Idon't have a job, right, because
(09:07):
, again, my plan is that Iwasn't going to work for the
last few months.
So lenders are not going to behappy if I go get this
construction loan and then a fewmonths later, once that house
is finished and everything likethat, um, and then with my
husband he was 10.99 at thattime, like it was it was just
(09:30):
like obstacles all over theplace, like I was like, oh, I'm
not gonna be able to do thatbecause then we're gonna be
stuck with the construction loanand you can't do that.
You have to uh finance um toanother loan to combine the land
loan and the construction loan.
And so that was obstacle numberone.
It's like, how are we going tolike fund this?
(09:53):
And I lucked out and did find alender.
So I did find a VA lender thatwas going to actually be able to
do a one-time closedconstruction loan to where you
started off with theconstruction loan and it would
automatically like switch over.
I'm not too sure with thelogistics of it because of you
(10:18):
know, we didn't end up goingthrough the whole process with
them just because of otherobstacles that ended up coming
up.
So then the next obstacle waswhen I actually started
researching how much it's goingto cost to build a barn a
minimum, and you know they usedto be more affordable back in
(10:41):
the day.
But now, wow, like what afreaking eye-opener talk about
fucking facing reality was.
Like you know, I was living inthis la la land of like, oh yeah
, I'll just build a barnuminiumand it'll be cheaper, and blah,
blah, blah.
Cool, because that was thereason I picked barnuminium.
And, yes, it's definitelycheaper than a stick built.
(11:05):
You know a traditional way ofbuilding a house, and it's
faster, right, because, um, andyou have more leeway on the
layout of the of the floor planof your house because, uh, you
don't have to have like a, aload-bearing wall to worry about
(11:26):
, like, you could basicallydesign the floor plan any way
you want, basically.
And so I was gonna go with afew companies.
I I started like researchingand calling around, getting
quotes and seeing kind of plansthat I wanted, uh, but, wow,
we'll talk about eye opening onthe actual cost.
(11:46):
Now, the thing with Barnuminiumsis that they will sell it to
you in different phases, right?
The first one is that they cansend you just the basic kit.
They send you all the tools,right, like the walls, the sheet
, whatever, and they just mailyou that and they send you with
(12:09):
the plans and the engineering,all that stuff, and then you are
in charge of finding people tobuild it, or, if you're in a
county or something that allowsyou to build it yourself, then
you can do that right.
And then after that it goesinto more different types of
phases, ranging from they justcome and set up the shelf for
(12:31):
you and do the concrete, thesteel framing, which is just the
outer shelf, and they'll putthe roof and may or may not
include the windows.
And then there's the second onethat includes where they do the
framing, the wood framinginside, where it sets you up for
the whatever floor plan thatyou ended up.
(12:54):
And then the third phase waswhere they came and did that and
it included the foam insulation.
And so just to do a phase threewas already at 185,000.
That's the quote I had.
Now again, this is raw land.
Now I did have electric andwater at the street level, so
(13:19):
that didn't include pulling thewater line and setting up
electric from the, from the road, all the way back to the house.
It didn't include a driveway.
I still would have to put aseptic tank, and so this 185 is
not going to include the hvac,the plumbing, electrical, having
(13:43):
to do the drywall, puttingcabinets, putting flooring down.
So you can see how easily itcould get.
You know more than that.
It probably would be at least100k, maybe 120 around there on
top of the 185, to do all thisextra things that I would have
(14:06):
to do, because for just the 185kit's only phase three and they
just basically build your shelland a little bit of the framing
inside.
So, wow, big eye opener for menow.
Remember, I still owe the landand even though it has some
equity uh, it was I could usesome of that equity to basically
(14:31):
be a down payment for this loan.
But with just the building ofthe house it would have been
close to 300k, right.
And then on top of that, like Isaid, I owe still 114.
That easily gets up there,right, almost a 500k house,
(14:56):
which would have left me, umabout, uh, I think at that time
it would have been almost a fourthousand dollar mortgage and I
was like, oh, definitely notwhat I want, because that's what
I was doing over here incalifornia.
I had a 4200 mortgage pluswhatever I owed for using a home
(15:19):
equity loan.
So, which is the reason I soldthat house?
To just get rid of that debtand I didn't want to go and move
to somewhere where it'ssupposed to be cheaper and have
to worry about having a fourthousand dollar freaking
mortgage, especially when Iwasn't planning to work right.
(15:40):
So I really had to sit back andthink okay, what are we gonna
do?
What do I have to do now?
I have to adjust, because I wasfreaking out because now it's
like I'm gonna be homelessbecause I can't afford to build
this barnum indium.
And then, needless to say, whenI went to go try to get a
(16:02):
pre-approval for this, like theywere not gonna give me, uh,
that much, which I got, I'm notgonna lie I got a little bit
spoiled with easily gettingpre-approved.
But now that I have, you know,more mortgages because I have
rental properties right now,which is one of the reasons I'm
(16:23):
going to move them to LLCsbecause, uh, I need to be able
to get pre-approved for stuffnow Um, I also had another
barrier of because we're going,you know, to a communal state as
well, they I would have to havemy husband on there, which I
was going to anyways.
(16:45):
But the problem is, um, as Isaid earlier, is that he was
1099 and with 1099s, the tryingto get a loan with that is
already a huge obstacle, becauseyou are self-employed and banks
don't like that.
(17:05):
They want a huge history,usually at minimum two years and
you have to try to prove youryour salary for two years with
tax returns and everything.
Well, my husband had justbecame a 1099, he just left the
military, so he didn't have that.
(17:26):
But of course I would have toalso take his debt, so I
couldn't include his income butI could sure enough include his
debt.
So what?
That was one of the reasons Icouldn't get a high, high of a
loan that we would need for thebarnum and yam.
So we had to then adjust and doour next pivot.
(17:49):
But I also want to mention thatI did take some time to grieve
the loss of this dream of, youknow, having this nice big house
and whatever.
And I want to kind of normalizethat and because it's okay to
grieve it and even though it waskind of like, probably
(18:09):
unrealistic of me, because Ishould have done my research
before I, you know, got my hopesup or whatever.
You know, sometimes it justhappens.
Sometimes you plan for thingsand you work so hard for
something and just things justdoesn't work out, or you realize
that you know what, you're justnot quite there yet and that's
(18:31):
what I had to come to terms withand you know like it was
stressful and I had to reallytake a step back and just kind
of like, just grieve it right.
And if that's something thatyou're going through right now,
um, with everything that's goingon and having to adjust, just
you know, take that time togrieve.
(18:54):
So that put us back to thedrawing board.
We had to figure out like, okay, so what are we going to do?
What kind of house can we puton this land?
Because we don't want to do astick build One, we can't afford
it.
Two, it's going to take way toolong.
We were at this point, likearound November time frame, and
(19:16):
you know we're supposed to movein June, end of June, so we
don't have that time.
We don't want to be homeless inJune, end of June, so we don't
have that time, we don't want tobe homeless.
And then, two, barmenium is outthe window, because also kind
of time, but also way more thanwhat we expected.
(19:37):
And so my husband was like, whatabout manufactured homes?
Because he has lived inmanufactured homes when younger,
and then his parents currentlylive in a manufactured home
right now, which, by the way,they got for a dollar, which
that will be a.
I could tell y'all that storyin another episode if y'all want
.
But uh, he mentioned that and Iwas like, uh, I was a little
hesitant because I'm not toofamiliar with manufactured homes
(19:58):
, I don't know what to look for.
It's kind of like out of myrealm of you know things that I
know.
I've always just lived inregular houses.
But he kind of like talked tome about it and what they you
know.
They're basically similar homesand it's just a little bit
different, which I can get intothat in another episode and so I
(20:22):
said okay and we startedlooking and we found one, a
builder that was local and hehad some options, and so we
started looking at the options.
I found a few that I liked andthere were about.
I still was with the mentalityof getting this big house of 20.
I think the one we were goingto go for was like 2400 square
(20:44):
feet, a little bit more.
I think it may have been 2600and I don't remember at this
point.
But I was still trying to havelike this big house and
everything and it was going tobe more doable because, uh,
manufactured homes are waycheaper than uh having to build
a barnumum, enum or a stickbuild and they're actually built
(21:06):
faster, because manufacturedhomes are built in a factory
right and so they're able topush them out faster, and then
you put them on the land and doslab or whatever you want to put
as the foundation, and so thatwas the next thing that we were
going to consider.
But we still had the obstacle ofmy husband being a 1099, which
(21:32):
he works at a startup, and theywere going, um, to make
everybody w2 employees this year, which now he is, but at that
time he was still a 1099.
So we still had that obstacle.
But because the manufacturedhome is way less than we, it was
(21:52):
going to be underneath, uh,what we were actually
pre-approved for.
So it was going to work out,except that now we have the the
problem of it being amanufactured home and with the
va loan they can get prettytricky on what they are going to
(22:13):
approve for, especially withbuilds.
Um, they're very nitpicky onwho gets to work on the property
and they want everything thatneeds to be licensed that
requires someone that's licensed, like, for example, electrician
things like that.
You have to have them do itright, and so there's a little
(22:35):
bit tricky with the appraisal aswell with manufactured homes.
And so when we went to thebuilder we had like this whole
back and forth of with VA loanand they're like, look, it's
going to be difficult and whichwas proving correct.
And so then they wanted us togo and basically go back to the
(22:56):
where you get a constructionloan and then go refinance it
into a regular loan and theycall it like chattel loans,
which it can be good or baddepending how you do it, and
stuff like that.
We didn't want to do that andwe're like no, because we
explained it's like, hey, she'sgoing to be out of the military
(23:19):
soon and so we're not going tohave the ability to go back and
then refinance it out of achattel loan or whatever into a
regular loan, so that's notgoing to be an option.
So we did find a lender thatwas going to give us the same
option where it's a one-timeclose loan.
But then we still had the 1099problem and that was such a
(23:44):
headache, like we've beendealing with that for months.
And then they didn't want uswant to give us, um, the same
amount because they got windthat I was going to get out.
So then that scared them off oflike, oh well, she's not going
to have a job, you know, likeshe's getting out in a few
(24:08):
months and he's not going tohave high enough.
Well, first, first of all, theydidn't want to even accept him
because he was 10.99 at thattime, and so then that like
scared them, and so then theydidn't want to give us a high
enough loan.
They wanted us to do asecondary home, like it was.
It was just like, oh my god,like, just like craziness, and I
(24:31):
want to say and kind of likepoint out, I'm one of those
people that believe in kind ofsigns from the universe, right,
that when you start feelingresistance towards something and
you're really trying to makesomething work, but more
obstacles seem to get in the way, I see it as like you know what
(24:53):
, then this is probably thedirection that I need to go.
Maybe the universe is trying totell me that this is a bad
decision, or I need to adjust my, my plans, or whatever I this
isn't the path I'm supposed togo.
And I took that the same waywith the military.
(25:14):
I started having resistancewith, you know, uh, being able
to maintain my weight anddealing with, you know,
infertility, and I just feltlike so many things were coming
up that was making it hard forme to be in the military, and I
took that as a sign that youknow what it was time for me to
go.
It was time for me to like signthat you know what it was time
(25:37):
for me to go.
It was time for me to like, youknow, um, make my exit strategy
that I wasn't supposed to go youknow the full 20, which ended
up being the right decision,because there's a lot of things
that are going on right now thatI am glad that I am leaving.
Uh, although I still have to goto the reserves, but I don't
have to deal with everything.
(25:57):
I mean y'all seen it in thenews with firing federal workers
and all these programs that aregetting cut and everything like
that Like there's stuff that'shappening that is just like it's
a struggle that I'm glad I'mnot staying in because I don't
want.
We can't even get some stuffdone.
It's, it's ridiculous.
So, um, definitely glad that Imade the exit.
(26:21):
Now, which side note all ofthese are just my own views and
opinions and, you know, don'treflect the military's views and
opinions or whatever it's notan official thing of the
military opinions or whateverit's not an official thing of
the military, it's just whatI've been thinking and you know
my thoughts and views of what isgoing on.
But with the decision ofleaving the military, you know
(26:46):
that was a good decision.
But as far as the financialportion, that's the thing that
then I had to look into and alsorealized that there's a lot of
resistance that was happening interms of the finances and
financing of the manufacturedhome, because again, we still
(27:06):
had the obstacle of being onlybeing able to get pre-approved
for a certain amount.
So that big 24, 2600 squarefoot, you know, manufactured
home that I was thinking ofgetting, like this double y that
looked all nice and everythinglike that, uh, that was out the
window.
So that was another time that Ihad to kind of go through and
(27:30):
kind of grieve and be like, like, because it felt like
everything was just going wrongat that time.
You know, on top of everythingthat's going on with the economy
now, personally, like I'm beingaffected with all the decisions
, it felt like I couldn't youknow I couldn't catch a win.
So then we had to look for asmaller manufactured home and
(27:52):
this is where I want to get intoa little bit of um, adjusting
and managing your expectationsand kind of going through.
Even though you're going throughlike this grieving process of
this big dream, there's alsolike a time where you need to
(28:14):
step back and reanalyze whatyour actual goals and dreams are
.
Because in this case, with thebarnum, enium and stuff like
that, this big dream of havingthis luxurious, luxurious house,
was that really what I wasdreaming of?
(28:38):
Was that really my goal in life?
And when I started reflectingon that I realized that that
wasn't the dream.
And the more I reflected on it,the more I started realizing
things.
So over here in california Imentioned, I had a house over
here and it was a four bedroom,two-story, 2400 square foot home
(29:02):
that was on half an acre.
And then I started looking backand remembering over the years
of staying in this house.
And this house also had asecond living room.
And let me tell you that seconduh living room all it served
was to have stuff in it, junk init.
(29:22):
It ended up just being kind oflike a storage for things, uh,
for random stuff.
Originally we had kind of madeit into maybe a second office
and we would try to make it intoa second game room, but
realistically it never got used.
We used the main living room asthe game room and my stepson
(29:43):
used his room to game with hisfriends.
So nobody realistically usedthat second living room besides
the random junk and plants andlike it, just like, ended up
having random stuff in it.
And so, like I started thinkingI was like, okay, so I was
trying to get this other housethat had a second living room
(30:04):
because I had I thought like, oh, I could make it into like a
gym or whatever, which I didhave a gym in the garage and let
me tell you how many times thatgot used.
Right, it just the equipmentjust stored in there.
And because my husband, we likeit just became a garage.
And so then the more I startedthinking about it, I was like
(30:24):
man, like I'm over here wantingthis big house and all that is
going to happen realistically,is that those?
Because, because from history,my history is that we didn't use
these spaces, we just ended uphaving more storage space.
Basically, and same thing withthe four bedroom house.
(30:47):
You know, ideally,realistically, we were thinking
that you know, we would have mystep steps, on which he did live
with us at that time.
But then the other room wasjust an office that I didn't
really use as much.
I only used it to like, do youknow, record YouTube videos or,
you know, a random podcast hereand there, because I wasn't too,
(31:10):
you know, consistent with mypodcasting, and when I did that
I used downstairs.
I would just take my laptop andwork on the couch because I
wanted to be part of the family,right, and so that room kind of
got used but again ended upbeing just more storage for
random stuff, and the otherbedroom we ended up just renting
(31:32):
it out right to a friend of usof ours that needed a place to
stay, and so, again, we had thisbig house and we didn't
actually use it.
So that's when I startedreflecting on like okay, you
know I'm over here depressedthat I can't have this big house
(31:54):
.
Then, looking back, when I didhave the big house, I didn't
need it.
It was just a lot of wastedspace.
And so then I started thinkingabout like, yeah, so I don't
want to have to pay, becauseeven though we went from a
barnaminium that would have beenlike 4k, uh, for a mortgage it
went down to like 3200, and then, like for a mortgage, it went
(32:16):
down to like $3,200 for amortgage.
And then I was like, okay, wecould go lower than that.
We only need three bedrooms.
I only have one my daughter.
If my stepson comes and liveswith us again, there's an extra
room.
If not, I'm going to use it asan office now, because I do need
a space now to where I couldrecord podcasts and do
(32:38):
interviews and all that stuff,and we don't need the second
living room we have.
You know, just one living roomis perfectly fine.
And so now we settled to a threebedroom, two baths, 1700 foot
house and it's perfect size.
Like all I had to do was reallyjust look at this.
(33:01):
Uh, what I really actuallyneeded and wanted, it's still
going to have, you know, a, anopen floor plan and stuff like
that.
And the rooms I really don'tcare.
I mean they're good sizes andstuff, but I don't really, you
know, I don't chill in my roomlike I just sleep in my room.
So, although my husband's gonnaneed his own desk in the room
(33:23):
because he does remote work.
But once I started having thismindset shift, I started
realizing, you know, that Ireally am not giving up on my
dream, because the dream, theactual, real dream was to be
able to live, you know, close tomy parents and have a family
(33:49):
compound, which that's stillgoing.
That's still the dream, that'sstill in the works.
Right, they have the lot nextto me now.
They just got to start building.
They're just waiting for me tobe there.
So they because they don't wantto, like you know, not have
someone looking at what's goingon, and so that is still there.
My sister's moving there too.
(34:10):
I'm still on the land, I'm stillgoing to be able to raise my
chickens, I'm still going to beable to have animals and grow my
own food homestead.
And the best part is that I'mnot going to put myself at a
huge financial risk, because nowI went from like possibly what?
4k, possibly more, because withthe interest rates um of a, a
(34:35):
mortgage and now I've broughtdown to 2600 is what, um, the
current thing is.
But then, once I starthomesteading and all that stuff,
I could start using theagricultural um tax uh benefit.
You know where it reduces yourproperty taxes and you know I do
plan to eventually move intomaybe a a she shed where I could
(34:59):
do my podcast and stuff likethat.
So there's still likeopportunity.
That the the dream life isstill there, and now I could
even reach financial freedomfaster, because my costs are way
lower than what I originallyhad planned for and, matter of
fact, with these three rentalproperties are already enough to
(35:21):
cover the mortgage that I'mgoing to have.
So I'm already halfway there.
I just need a few more rentalproperties to cover all of my
bills right, cover all of mybills right.
And then, also, I still amgoing to have money to travel,
(35:41):
to be able to buy a property, asecond home in Mexico, so I
could go live.
A hybrid situation.
And so, even though I had topivot, it didn't necessarily
mean that I was failing atfulfilling the life that I had
dreamed about, because, again,as I was mentioning, I'm still
(36:03):
able to do all the main thingsthat were actually important to
me not necessarily having thisnice fancy house and so I want.
Basically, the takeaway fromthis episode is that, with
everything going on, a lot of us, our finances, we're having to
(36:23):
figure out what to do with ourfinances, because I know I've
seen a lot of people in ourcommunity that have businesses
that are having to adjust, andsome of them have had to take a
step back and go back to a nineto five.
They still have their business,but because of the uncertainty
and the impact to their business, they don't want to put their
(36:47):
families at risk.
So they go back and get a nineto five to ride out this.
Ride out this um, this you knownew obstacle and uncertainty
that we're going to and pivotingdoesn't mean that you are
failing, it's just, you know,choosing to be resilient and
(37:08):
being flexible and that's what'sgoing to help you survive and
get through this chaos.
And so if you are going throughsomething similar where you're
having to kind of like, take astep back and adjust your you
know your plan, what you'redoing, especially when it comes
(37:28):
to finances maybe you're havingto do the same where you have to
get, maybe go back to a nine tofive or a more steady income,
or maybe take a second job andget, you know, more income to
kind of like boost thatemergency fund or whatever.
Like.
It's hard.
It's definitely hard right nowfor our community, but we are
(37:52):
out here to support each other,our community, but we are out
here to support each other.
I have found a lot of supportfrom our Latina community, our
Latino community, and we are outhere and we just got to keep
supporting each other, keepmotivating each other and also
realize that your dream is notlost, it's just kind of put on
(38:13):
pause.
Or maybe you're taking thescenic route, you're taking the
longer route to your finaldestination, your dream life,
and maybe you're just like me,where you had to kind of manage
your expectations, I guess, andadjust what really mattered,
(38:36):
because sometimes we do get lostin this also, you know, trying
to live it big when in reality,we really want something more
realistic, and you know that'swhat matters.
So, just keep your dream alive,keep working towards it.
And finally, I do want to remindy'all that we do have lots of,
(38:56):
you know, experts in ourcommunity, from our community,
that are out here helping, youknow, our Latino community, not
only like plan on how to survive, but also how we can thrive
with the next few years, evenwith all the chaos that is going
on on how to protect ourfinances.
(39:18):
And a lot of these are, you know, have been a guest in this
podcast, so make sure you checkthose previous episodes out,
because they have come on hereto share their expertise.
But also, if you're notfollowing my Instagram,
definitely follow because I doshare those resources on my ig
(39:39):
stories from.
You, know those in my networkand also follow the blog.
I post them on there.
So all you have to do is lookright.
Just a quick look and you'llfind us out here trying to help
y'all out.
So just wanted to do a quickreminder because sometimes we
forget when we are stressed outand we get so lost in trying to
(40:03):
survive.
So just a quick reminder, butother than that, that's it for
this episode.
I will see you in the next one.
Bye.
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