Rich B*tch Mindset Feat. Luz Warrior

Episode Transcript
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Speaker 1 (00:01):
M m.

Speaker 2 (00:16):
H.

Speaker 3 (00:17):
Welcome back to Good Mom's Bad Choices.

Speaker 1 (00:19):
I'm Erica and I'm Nila, and it's Wednesday.

Speaker 3 (00:24):
It's hump Day, bitches.

Speaker 1 (00:25):
Another Wednesday. Remember when we used to put our show
out on Mondays?

Speaker 3 (00:29):
No, yeah, that never was a thing.

Speaker 1 (00:31):
Yes it was.

Speaker 3 (00:32):
No, we moved our show date. No, the very first
post we have it says hump Day.

Speaker 1 (00:37):
It was Monday.

Speaker 3 (00:37):
I'm going to scroll all the way back to the
beginning just to prove to you.

Speaker 1 (00:41):
I'm telling you that we moved it because we realized
that it was not a good podcast day.

Speaker 3 (00:45):
I remember, I did not recall that. I remember always
being hump Day.

Speaker 1 (00:49):
Do you remember. No, we actually then started calling it
hump day because we're like, oh, this makes more sense.

Speaker 3 (00:54):
Do you remember when we were Parental Advisory Good Mom's
Bad Choices.

Speaker 1 (00:58):
That was dumb. It was that was a lot of words.
And we only did that because we the Thick Podcast
had like remember Tabria's podcast, she had a like she
had like a like a line before the Thick Podcast.
So we were like, this must have us see how
it's supposed to be.

Speaker 3 (01:15):
And then we made that long ass email called Parental Advisory.

Speaker 1 (01:17):
G NBC at gmail dot com. Please don't email that email, please,
it's not gonna get checked anyway. How are you, darling,
I'm good. It's rainy in La. It's been raining and
raining and raining, and I love it. Everyone's like freaking out.
I mean, granted, my roof isn't leaking, so you know,
that's that's the blessing. I think a lot of people
are freaking out because there's a lot of shit going

(01:38):
on in their backyards and things. But I really like
the rain. I feel like it's a like a renewal,
renewal and God knows, La needs to.

Speaker 3 (01:50):
Be washed washed if it sins, I know, just green, Yeah,
we know, dry as how I like it too. I've
made every cold season recipe that I know so far.
I've made chili, I made mansa ball soup what Jewish woman.
Sometimes I like luck because too, okay after I've made

(02:11):
mashed potatoes on maltcas.

Speaker 1 (02:12):
This is some Valley girl shit for sure, but no.

Speaker 3 (02:16):
I enjoyed. I enjoy it watching movies, making hot chocolate.
My immediate like thing is like go to the supermarket.
So I've gone to the supermarket like three times in
the storm. But the lightsman out at the end of
the day, it's like this is new for lah.

Speaker 1 (02:29):
So that's very Costa Rica.

Speaker 3 (02:31):
That's what I was thinking. I was like, I left
the jungle to come back to the city jungle.

Speaker 1 (02:34):
What the fuck?

Speaker 3 (02:35):
I know.

Speaker 1 (02:36):
Yeah, I've been enjoying. I'm good though, I'm good, I'm
feeling I'm did meditation today and I was really focusing
on being like bringing in the joy today because there's
things in my life that are a little stressing me
out a little bit. And I was like, no, bitch,
not today, and not tomorrow and not anymore.

Speaker 3 (02:55):
I like that bringing in the joy. I feel like
that's necessary because as an adult can wake up and
immediately be with distress.

Speaker 1 (03:02):
No, it was so I check my email and I
was like.

Speaker 3 (03:06):
I mean, there's a lot of things to worry about,
but there's so much not to worry about. Yeah, I
let's introduce our guests. I was going to go on
a deep dive, but let's not keep our wonderful guest waiting.
Welcome to the show again, our favorite wealth witch in
the world, Loose Warrior, the financial educator, author, and I friend.

Speaker 2 (03:30):
Welcome back, Loose, Thank you all so much for having
me back. It's truly an honor to be here with
you all.

Speaker 1 (03:36):
We love having you on our show. You are a
fan favorite for sure, and I'm just so excited to
have you. You know, this month, we're in March, we
typically focus on finances, so what better way to focus
on finances than with loose And you have this new
book out, a Wealth Warrior, Eight Steps for Communities of
Color to Conquer the stock market, which you know can

(03:58):
be really intimidating. I think people hear the word stock
market and they're like, not for me, I'll figure it
out later, I know.

Speaker 3 (04:06):
And I love that it's like eight steps to heal
your money, your money wounds, and claim your abundance. Those
are things we don't hear a lot, but I think
it's like so necessary to even acknowlogy you have money
wounds to begin with, to even like start to claim
your abundance. It's a whole like relearning and process. So
I love that your book addresses all of the things.

Speaker 2 (04:28):
Yes, thank you, It's been definitely a labor of love.
I think that my intention with this book is to
make the stock market a lot less intimidating, something that's
really important and that I think we should really pay
attention to is that the top ten percent, like the

(04:50):
top wealthiest people, own eighty nine percent of the shares
in publicly traded companies, and a lot of the reason
for that is because we don't have accessibility to resources
that make sense to us that we can process like.
It is very intimidating. It's like speaking an entirely different language.

(05:11):
And I've been studying it for such a long time.
I've done my absolute best to simplify it, and I've
seen so much money grow so effortlessly and easily via
the stock market. And we are in such an important
moment in time right now because we are in a
down market and shares are much more accessible right now

(05:35):
because they are cheaper. And I think it's for those
that are interested in the stock market. I think these
types of resources are so important and we just don't
have enough of them.

Speaker 1 (05:46):
I'm curious to know. I already know, But for those
of you who are just kind of listening and tuning
in and maybe have never been introduced to Loose Loose,
I would love for you to share, really like your
journey into stock market, because I feel like people think
that you know, you have to come in and you
have to be like super knowledgeable and like maybe you
come from finance or like these are things that you know,

(06:09):
you like grew up knowing, or you.

Speaker 3 (06:11):
Took a college course and then you understood suddenly, Yeah,
well you.

Speaker 2 (06:15):
Know, I'm going to start with this because I know
we love witchy things and just like finding connecting all
the dots and destiny and all of that space. So
I was I want to say, I was seventeen years
old and one of my high school teachers was taking

(06:35):
a group of students myself included, to New York and
I couldn't even afford the trip. My teacher fronted for
me to go to New York. On this trip, I
had twenty dollars and we were going to be there
for approximately seven days, So twenty dollars was supposed to
like purchase food for me. Granted, there were some meals included,

(06:57):
so from my perspective, I was like, all, just wait
until the next free meal comes throughout the trip and
I went, and I was so excited to be there.
They were taking us on all of these incredible tours,
and one of the tours was to see Sally Jesse
Rafael or to go to the New York Stock Exchange,

(07:20):
and I was like, I really want to go see
Sally Jesse Rafael, like I want to know what its
studio would look like like that entire TV experience. And
I got chosen to go to the New York Stock Exchange,
and I remember being so upset, and I'm walking into
this enormous building that is extremely intimidating, and I remember

(07:42):
walking in and just feeling the energy.

Speaker 4 (07:44):
It's extremely masculine heavy.

Speaker 2 (07:47):
I remember not seeing any women around other than the
students and the teachers, and we went to ring the
bell in the morning, and I also remember very vivid
understanding that something really important was taking place in this
building that was impacting not only the United States, but

(08:10):
whatever was happening was also rippling out into the entire world.
Mind you, at the time, I was not living with
my parents.

Speaker 4 (08:19):
I was a teen mom. I had a.

Speaker 2 (08:21):
Three year old baby, maybe almost four at the time.
I mean I was It was a moment for me
to just be in the space coming from where I
came from, and so I really feel like that moment
almost gave me a glimpse or maybe foresight or planted
a seed into what would eventually come in the future.

Speaker 4 (08:44):
I ended up.

Speaker 2 (08:45):
Later landing, you know, a really big position at Netflix.
Big from my perspective, like coming from the hood, being
a teen mom, all the things.

Speaker 4 (08:55):
And I was only.

Speaker 2 (08:56):
The second Latina to be higher in the entire company.
Mind you, we had already launched in all of Latin
America and they didn't feel the need for like Spanish
speakers or anyone that understood that territory. So it was
just like a big deal for me to be there,
just like as a person of color. And I was

(09:19):
so nervous about the amount of money that I was
making because it was the first time that I was
making real money. I was working at a tech job
in Beverly Hills.

Speaker 4 (09:27):
It was a big deal.

Speaker 2 (09:29):
And I remember just like praying for guidance on this
money that was coming in. And simultaneously, I had this
white colleague who would come to my desk and pester
me about buying Netflix stock, and I was like, what
the fuck would this guy like? You know, I was
so intimidated by him, and he would just like throw

(09:51):
this stock market jargon and I think he could tell
like how I would shrink, like I can't have this
conversation like and we don't talk about the stock market.
That's that's your world, bro, not mine, you know, And
he was just so persistent, and looking back, I realized
like that he was what I was praying for. Really,

(10:12):
like that's what I was praying for. And he was
so patient, showed me his portfolio, which I'd never seen,
like a million dollar portfolio like that another human owned,
you know, and very transparent, and started to explain, like,
you're in tech, so you understand you have this unique perspective.
You need to be taking advantage of this and investing

(10:35):
into Netflix stock. So it took him about, I want
to say, a solid six months to convince me. I
finally started investing. I invested two hundred dollars a month,
and after a year, I saw that money pretty much
double itself in just one year. So I saw, you know,
I mean, it grew exponentially, and I thought to myself,

(10:58):
this is wild. I'm going to double my money. Instead
of taking two hundred a month, I'm going to take
four hundred a month, which was a pretty big expense
for me at the time because the way I was
calculating it in my head was like, this is like
a car payment that I'm making into the stock But
I started to really become a student of our get.

(11:19):
I wasn't tapping him for resources. I just read books
and really to understand what it is that was taking place,
because the way money was growing so effortly and easy
was something that I'd never experienced. I mean, I come
from you know, immigrant parents that had three four jobs.

Speaker 4 (11:38):
Just to sustain the household.

Speaker 2 (11:40):
So I computed, you know, you have to work really
hard to make a lot of money. And what I understood,
and what the stock market taught me, is that you
really need to understand how to let go of money
and invest it in order to make a lot of money.
Working more does not equate making more money. So that's
kind of how this journey started. I invested in and

(12:03):
around a total of nine thousand dollars, and I watched
those nine thousand dollars turn into half a million, and
I felt like I needed to share what I had learned,
not be a gatekeeper, and provide like digestible resources.

Speaker 4 (12:20):
So that's kind of I mean, oh I got here.

Speaker 1 (12:24):
I mean, that's that's so incredible that that a you
start like to go to New York. First of all
and and A have twenty dollars in your pocket. God
say yeah, no sorry not Jesse, sorry, Sally, Jesse Rafael,
it's not going to be this, but kind of give
you a preview, like a foreshadow, yeah, like into your future,
and like obviously you didn't even have a concept of

(12:46):
what was to come. And then the prayer and it's
showing up differently, and then we always talk about that too,
and like your prayers and your manifestations showing up not
exactly how you think they're going to show up, but
if you like really listen and if you really have
your eyes open, you'll I'll be able to catch them.
And a lot of people don't like their prayers are answered,
and they don't even they didn't even catch it. But

(13:07):
you said something about like letting go of money, like
not having fear around letting go of money, And I
think that that's really like I think what for many
people investing in the stock market and crypto and all
these different things, that's the fear is like it's like gambling.
I mean for me, even like when I Vegas is

(13:28):
like not my thing, It's never been my thing. The
idea of like giving my money away in hopes that
I'm going to get it back. I mean, obviously Vegas
is a different type of gambling, but even the stock
market feels like a gamble. I think for a lot
of people where you feel like this is this really
does this really work? How do I know like what
to invest in? Or you know, if I give it

(13:51):
a thousand dollars, like is it just going to disappear?
And you know, feeling like does my whole life have
to now be the stock market once I started? And
I have to check every every day all day, Like
how does that even work? Do I have to like
be super invested in order to see my my wealth grow?

Speaker 3 (14:09):
And like when can I take it out? Can I
take it out? Can I like not take it out
for two years? Maybe I'll never get it? Or like
it's this like this idea of this like fantasy, untangible world,
because like literally I feel the same way about gambling,
Like I'm not a Vegas bitch. I'm not going to
go put some money down and hope like no not,
I'm not putting my heart o money and then like
hoping it triples. But like I think the difference is

(14:30):
it's like that's a real gamble when this is an
actual investment, but that they're both feel intangible in ways
like you may you may feel it, you may not,
and so it feels like super scary and like not
even that, like, you know, Black History Month just passed.
But I took my daughter to she she was she's

(14:51):
in a dance a dance school shut out to Heart
dance School, and they asked her to be in this
Black history lessons in Black History like performance while we
were in Costa Rica. And I guess the portion of
the part of this is a long story, just a
portion of it is they they cover the Birmingham bombings
and you know, little girls die, like a lot of

(15:13):
people died. So she calls me, she's like, I don't
want to be in it because it's scary. And I'm like, yeah, word,
it is scary and I remember learning about it. And
you know, she's eight, and it's just like such because
they're on the same age, the girls in the church,
and it's just like this this such dark history and
that like at some point you have to learn it,
and you're going to learn it. So we watched this
entire like two hour dance you know, performance, and there's

(15:37):
acting and they're singing and they cover like all the
great like all the great Black inventors, and they cover
like how we were stolen from Africa, And you know,
midway through, I'm just realizing, like I mean, not realizing,
but it's just a reminder the amount of like complexities
that it takes for us, for a lot of us
to be here. And like when you're when you're removed

(15:58):
from your culture and your language and these your safety
and money is not even something that you can earn
and you have no knowledge of it and there's none
given to you, and like that your power is taken away.
There are so many there's so much energetic complexities that
come with embracing finances, even in this time, even in
the freedom. So like a lot of the freedom and

(16:19):
the ability to get to that place is your mindset
and the energy around it, you know. And it's just
like historically when you're an immigrant or when you've had
like generations and generations of just negative energy with finances
and security, it is a very difficult concept to grasp
and to understand. And you do say, like someone comes

(16:41):
to your desk and you're like, yeah, bro, that's all
you you know, like that's what that's your thing, like
your dad, your daddy did that for you. But it's
like just understanding that this is also my right and
this is also something I can I can understand and
grasp the knowledge of instead of completely writing it off.
You know. It's just like historically it's been something that
we've been and not included in, so it's easy to

(17:03):
not include ourselves and just say fuck it, you know,
like this is the money that I put in the
bank and not even go down the route. But like,
luckily you had the insight and that pestering guy was
like you're blessing, Like hey, bitch, hey, how about now
you know? And then you actually taking the advice and
investing the money and like ending up with half a
million dollars. That's a huge discovery.

Speaker 4 (17:24):
It is.

Speaker 2 (17:25):
It is, And I think that I want to be
clear that I do think that the reason it's so
easy to compare gambling to the stock market is because
the lack of education that we have. So if you're
just investing without really having a full understanding of the
stock market, it is like a gamble. And it's two

(17:46):
part because you may not fully understand the company that
you're investing in, which makes it really scary, but also
you do not know how you are going to react.

Speaker 4 (17:57):
One of my favorite.

Speaker 2 (18:00):
Types of investments, or the reason why the stock market
is my favorite type of investment, is because I feel
like it is a window into my money wounds. The
market itself if we look at the way it moves erratically,
like up and down, that is just collective energy of
the most wealthiest people in the world, where the energy

(18:22):
is generating more money, losing money, generating money, losing money.
It's almost it's not almost. It is a direct reflection
of our emotions. So I find it really interesting for
me when I was really exploring my money wounds and
my personal money relationship. The reason I loved the stock

(18:43):
market so much is because it felt like a control
center where I was able to control my emotions, my
money story, and my narrative in real time versus some
elusive abundant experience where I could see abundant if I
saw a lot of food on the table, I could
see abundance, if I had a happy day.

Speaker 4 (19:06):
I could see.

Speaker 2 (19:06):
Abundance in so many different ways, but I was never
really getting to the root of abundance when it comes
to money like physical money and generating actual money in
the form of abundance, and the stock market really allowed
for me to do that, and so it's almost like
I use it as a let's say, you're trying to

(19:28):
get spiritually healthy in all facets of your life. It's
almost like the stock market for me is like my gym.
That is where I go and work out my emotional
money stories in my relationship in real time, and it
has helped me tremendously. And I think to go back
into the topic of being scared to let go of money,

(19:50):
we constantly talk about wealthy people being very greedy, and
I think what we fail to admit is that greed
isn't something that just exists with wealthy people. Greed is
something that affects every single person. It's like jealousy. You
can't escape it, you know, just because like they're just
because you don't have money, it doesn't mean you can't

(20:12):
feel freed. We one thousand percent can feel greed, And
so I think that's a really big misconception and I
think that to flip that not being able to let
go of money is a form of greed, even if
that is to invest in yourself. You still feel like

(20:32):
the money is better held in your hands, and you're
afraid to invest it in a summit. You're afraid to
invest in a course, You're afraid to invest in a vacation.
You're afraid to invest in whatever it is it's going
to improve you in the future. It's still a form
of greed per se if you can't let it go.

Speaker 4 (20:48):
So it's such a laird topic, right.

Speaker 1 (20:52):
Well, when you said you think, when I think about
greed and I think about investing in yourself, I can't
help but think about our even our retreats that we do,
and how how you know a lot of women are
interested in coming to these retreats. We just did one
in Costa Rica. We have one in Mexico in July.
And one of the biggest things that we hear is like, oh,
I can't afford it, or I'll go on the next one,

(21:13):
or like I just I just can't, I just can't,
or it's too expensive. And granted, these are all real,
real things, right Like I'm not one to tell someone,
you know, what their bank account looks like and what
their capacity is for a trip like that. But what
I do know is like when when people do you
do invest in yourself, like, it comes back tenfold. And

(21:36):
I've seen it. I've seen it with these women that
come and they say, you know what, I said, fuck it,
and I spent the money. And now I'm back home
and I feel so much more valuable. I have so
much more to offer. I got the raise that I've
been waiting for. Now I'm ready and activated to do
this or that, and that that idea really manifest in

(21:58):
all ways, whether it's investing in a tree, whether it's
investing in the stock market, whether it's investing in yourself.
For that course, like in order to evolve, in order
to grow, in order to expand, in order to make
more money, you have to be open to letting go.

Speaker 3 (22:13):
Well, there's this perception of like, like you said, like
rich people are greedy or like I like, if you've
grown up and you don't have like an abundance of
you're like you have a perception of what rich people
are like. But the truth of the matter is is
like I even noticed, like even growing up with like
rich ass friends, it's like it's actually the energy of
not worrying about if it's coming. You're going, Like girls

(22:34):
spend it like all you're tripping, like I'll leave that
food there, you know, whereas like I'm like I'm taking
it home knowing damn well, I'm not going to eat it,
you know, like like I feel guilty leaving it because
like someone can eat this food or but like it's
actually the understanding that you let it go and that
it easily flows back to you. It's like a constant flow.
But are a lot of times we've we've labeled it
or perceived it as this like negative thing that it

(22:57):
almost feels for me. It's not almost I almost feel guilty,
like when I'm okay, you know, like oh my god,
like somebody else is not okay, but I'm okay now.
But you know what I mean, like working all this
time to get to that point, and then you're like
you're even you feel even weird being in the point
of which you work to be in because you've perceived
it a certain way. The other day, I was watching

(23:18):
a movie and I had this like brief thought and
it was crazy, like I don't know, they're supposed to
be in a rich place and like a rich home,
and I was like, oh, yeah, they're rich. They have
wallpaper that's my thought. I was like, oh, well, like, yeah,
they're rich wallpaper. But then I was like, I was like,
you can have wallpaper too, you do.

Speaker 1 (23:37):
You do have wallpaper.

Speaker 3 (23:39):
But I was just thinking for that brief moment, I'm like,
what are you thinking about? Why are you thinking this way?
And I was like you, I told myself, like, you
two can have wall of paper. But in my mind
I had written it off as this like very wealthy thing.

Speaker 2 (23:53):
Something that I recently started practicing that you just reminded
me of is when I have those types of thoughts,
when I'm like airing, for example, let's just take the
wallpaper thing. Then I will be intent on like where
is it that I want wallpaper?

Speaker 4 (24:09):
What is it that I want to wallpaper?

Speaker 2 (24:11):
Where am I admiring abundance somewhere else that I can
bring into my life to make me feel like rich,
like that, you know when I walk into a room.
So for my abundance board, my vision board, it's a
compilation of little feelings that I've felt throughout the weeks

(24:34):
that make me feel richer, that make me feel elevated,
that I might not be thinking about had I not
just experienced them, noted them down and I'm making sure
that I'm bringing those experiences into my space.

Speaker 4 (24:46):
I find it to be really helpful.

Speaker 1 (24:48):
Where do you want wallpaper in your home?

Speaker 3 (24:50):
I don't know. I was taking like the bathroom, okay,
like the powder room. But it's so crazy how like
subliminal and subconscious those little thoughts are you like take
a moment to like dissect them, like what the fuck
are you thinking about? But I feel like I've those
moments have come up a lot recently, just because I
think you can tell me if you can relate to

(25:11):
this too loose. Is like our book is about to
come out, you know, and it's like a major accomplishment
to be able to like be a published author, and
you know, like it's a tangible source of something you
can see, it's black and white. It's like it's yours.
There's an expectation, there's possibly critics, you know, and like
just to be you know, like see my dream come

(25:32):
to a full manifestation and being a new world, like
a new literary world. It's like, oh shit, Like I'm
also I'm proud, but I'm also like there's also a
part of me that has that imposter syndrome, you know,
like do I belong here? And it's like, yeah, bitch,
you do because you're here. And it's also like just
knowing like there has to be such a special and

(25:55):
specific combination of people two for each of us to exist,
you know, like two people abound, two people around, two
people amongst two people had to come perfectly together to
make you. You know, like every every story, like the
fact like how your mom got here and how your
grandparents got here, and like the particular like combinations and

(26:17):
like worlds and energies that had to exist for us
to be created for just for these like these, like
I'm always really obsessed with stories, like the behind the
scenes stories of how things come to be, because a
lot of times it is so magical and like you
have a foreshadowing when you have twenty dollars for a
week and you're the stock market only for you to
be here and literally publishing and writing this full you know,

(26:40):
this your baby to the world about financial literacy. It's
just like they're so like you had to really come
into who you are and believe that you're that person
in order to deliver this to the world. And you're
just going to affect and change so many people's lives.
And it's like the sooner that we understand that our
voice and our gifts and our purpose is so particular

(27:04):
and special and like there's no other combination of people
that could produce these things. It's like we would have
spent so much less time worrying about, you know, for
where we're supposed to be and if we're like worthy,
and you know, it's a lot of like unlearning those
things to be present and to be like, you know,
come be in the moment and really like walk in

(27:26):
the door and like I'm that bitch. But it's just
like a lot of programming and reprogramming that comes around
accepting that you can have these things. You can have wallpaper,
you can write a book, you know. So I think
it's it's such powerful work that you're doing.

Speaker 1 (27:40):
Thank you.

Speaker 4 (27:41):
Yeah.

Speaker 2 (27:42):
I mean I have to parent myself constantly, you know,
Like sometimes I wake up freaking out in the middle
of the night, Like I wrote a book about the
stock market, Like what if I'm wrong somewhere in there?
What if some white man comes and reads my book
and caris it apart?

Speaker 1 (27:57):
Like I get I.

Speaker 2 (27:58):
Constantly have to remind myself like this is my process
it is okay, like you know, but I feel like
that part of it, I don't know if that well.
I honestly, I hope that never ends because it means
that I am striving towards achieving things that are so
big that I perhaps never saw myself doing that. I'm

(28:19):
constantly having to remind myself you belong, you're here, this
is a new level of expansion, a new place you're
reaching for. So, but yeah, a lot of parenting goes
into it, for sure.

Speaker 1 (28:32):
Yeah, there's definitely moments for sure. I mean, I today
the joy like I had to like take myself down
and be like, it's okay, everything's going to work out
for me. With and we've talked about this on other
episodes with you about like you know where your money
wounds begin, and generally they begin in childhood and feeling like,

(28:53):
oh my god, like at some point something happened where
you began to fear money, began to fear like feel
like this idea of like that it's it's it's it's
not it's always gonna leave your hands or it's out
of your control. And you know, me and Mila, we've
we've had a lot of big accomplishments this year between
you know, putting out this book, you know, doing our

(29:16):
fifth and sixth retreat in Costa Rica, opening up our
podcast studio that we're sitting in right now, buying we
actually just bought land in Costa Rica. And these are
all like really big investments, like the biggest investments. Taking
out a loan that we like fucked up, Like we
took out a really bad loan, and like now we're
really having to like learn hard lessons about money. And

(29:38):
you know, some of these things have like triggered my
money wounds of feeling like, oh my god, like did
I fuck myself? Or like, am are we gonna be okay?

Speaker 3 (29:47):
Go bankrupt? Podcast We're gonna go back to the living room.
Oh my that.

Speaker 1 (29:52):
And so you know, I've had to talk myself off
bridges and ledges and and and also there's also this
thing that I have also so knowing that even though
I'm still working on my money wounds, I know too
in my life and I think it is a testament
to my mom and her acquiring a lot of wealth
later on in my life, and also me going to

(30:14):
school with wealthy people that watching them spend their money
like and seeing that like there was no fear there,
and for some reason with me in my life, like
whenever I'm at my last dollar, something always comes through,
something always comes through that it's like we're gonna be okay, okay,
And and I just had to remember that even this

(30:36):
morning when I was like, bitch, are you got me
stressed out today? No, you're not. We're just gonna we're
just gonna talk through some things and just like make
sure you know, me and Meela on the same page
about what we have to do and like figure it
out from there. And also like money's on the way
at like literally it's on the way, so just chill
the fuck out, but like not spiraling out of control

(30:57):
and just being like, girl, you're doing amazing, Like look
at all these things you've accomplished. You accomplished them because
you've you've acquired the thing that you've been so afraid
of from the beginning, and you've been able to like
do make these purchases, invest and you know, and people
believe in your and your dreams and your ideas and
you have to like really be stand ten toes down

(31:21):
in that and you the fear will pop up and
you know, what. You might make a bad investment in
the stock market and it might fuck up, and that's okay,
because that's how you learn not to do it again.
Just like this really terrible loan that me and Mila
took out. Like I'm like, okay, well I've learned my lesson.
Like I really need to ask a lot more questions.
I really need to send a lot more emails. I

(31:42):
really need to like have a lawyer look through the
contract before I fucking sign it, and not just trust
the invisible white man on the other end, and he is.

Speaker 3 (31:52):
Going to lie to you blatantly, great face, he is
going to lie to you, like, straight up. I don't
think that that nice man on the other line the
side of the phone is not going to straight up
fucking light to you, because they do and they will.

Speaker 2 (32:05):
Yeah. Yeah, I think this goes back to what you
were saying earlier in terms of investing into going to
Costa Rica and having a powerful experience and making the.

Speaker 4 (32:18):
Space for it.

Speaker 2 (32:19):
I think what we really need to understand and lean
into practice is when we let go of money, we're
also making space for more money to come in. The
tighter we hold on to the money that we have.
It's like, imagine your arms are full holding the money
that you have, instead of letting go, opening your arms
and releasing money to flow out and making the space

(32:40):
for money to come in. I can't tell you how
many times I've stepped out and just faith that something
is going to happen with no money, with no backup,
And every single time I do that, I am always
rewarded with multiple so much more money, like it multiplies
for me, and it's always incredible to witness. And also

(33:03):
that the concept of you know, you can you have
all of the experience where money has flowed in and
it has saved you. And I think it's important for
us to move into the space of it overflowing and
not like meeting the end of the wire, like instead
knowing that the wire is continuous and it goes on

(33:24):
forever and ever, so no matter how much is spent,
is always going to return. Literally, the belief that money
is you know, is like it's like in a pizza
pie versus its infinite. Is such a disservice to ourselves
because I think, especially I know you all as entrepreneurs,
you understand that you you are the creators of money.

(33:49):
You picking up the microphone being the creators of money
investing into land in Costa Rica, and you know what
that's going to return to you tenfold as you take
more communities out there. What that's going to bring, how
you're going to show up for community and like you
get to say, yeah, I have investments in Costa Rica,
Like how fucking dope is that? How many of us
get to say that? And then we get to hear

(34:10):
you all say that. You know, it gives it makes
it easier for us to be able to make those
same type of moves. So, yeah, that's awesome. Congratulations, that's
such a big that's such a big step. Thank you,
It's inspiring.

Speaker 1 (34:25):
It felt really good. Thank It feels really good. Yeah.
I was looking through your book and I do I
love how how easy it is to really understand, you know.
I think that there's a lot of books around money
that feel really overwhelming, and there's a lot of words
that you feel like you have to google and then
like can I remember them? Do I know what they mean?

(34:48):
And your book really breaks things down. And I don't
want to say it's like stock Market for Dummies, because
I know that book exists and even that when I
think it's a little confusing, but it's like a it's
like a real person's guide to understanding, like from the beginning,
and you have this chapter where you talk about like

(35:10):
it's setting money intentions. Can you talk Can you talk
to us about what that means?

Speaker 2 (35:17):
Yeah, I think it's for us. Setting money intentions. For
me is to simply set a goal with money, an
intention with money on what you want to invest in.
So what's really important about the stock market is that
it's time in the market. That's what's really going to
make you wealthy. So like that's what has made Warren

(35:38):
Buffett wealthy. It's not the selling of the securities, it's
not the selling of the actual shares of.

Speaker 4 (35:46):
The stock itself.

Speaker 2 (35:47):
It's spending time in the market. And so I've always
found for me, when I'm making an investment, I set
an intention for that investment. So for example, with the
Netflix stock, I told myself that that investment was one
day going to buy me a house, which is crazy
because you think seven thousand dollars, when has that ever

(36:08):
been able to.

Speaker 4 (36:09):
Buy anybody a house?

Speaker 2 (36:10):
But I said this intention for myself, and I had
to see it through and in the midst of it,
I got laid off.

Speaker 4 (36:18):
In the midst of it.

Speaker 2 (36:19):
Two weeks after I got laid off, my partner got
laid off. Two weeks after that, we find out we're pregnant.
We're moving into my sister's house. We're making all of
these changes into our life. And the one thing I
never did was sell the stock because the intention for
that stock wasn't to save my ass in case, you know,

(36:39):
we were trying for a child. What we didn't expect
was to get laid off and to have the child
happen at the same time.

Speaker 4 (36:45):
I didn't use that money to like save my ass there.

Speaker 2 (36:48):
I really kept the intention for it, and I was
truly rewarded like I was at the time because I
was an entrepreneur and I was bringing in, you know,
not a significt amount of revenue in my business.

Speaker 4 (37:02):
I only qualified for a.

Speaker 2 (37:04):
Loan that was like one hundred and fifty thousand dollars,
which limited me to where I could buy a home.
You know, I moved out here to Texas for that reason.
But also I was able to pull one hundred and
twenty thousand from the stock market to add to that
loan and not limit myself to a certain area or

(37:26):
constrict me in any way.

Speaker 4 (37:27):
I completed the intention for that money.

Speaker 2 (37:29):
So it's really important for me as you move through
the eight steps in the book that it's very relatable,
it's very intentional. And also my story is interwoven throughout
the entire books, so it doesn't feel heavy in that
you're learning eight steps. Like you said, it is relatable,
but my own personal story is just mixed in there,

(37:52):
which helps you take a brain break understand my perspective
where I'm coming from in terms of money wounds, what
I've had to overcome to get to this place, to
hopefully inspire others that they can also do the same
and make these types of investments.

Speaker 1 (38:10):
Yeah, I mean I think that's I think it's really important.
It's like, is it not? Is like the victimhood part
and you have this part. I love it. It says put
a lid on the Bobcitallo and step out of victimhood
and like basically put a lid on like poor me
and step out of like you know that everything bad
always happens to me, or I'm not good with money,

(38:31):
or money is the root of all evil. And like
you've said this before, and I remember you talking about them.
A lot of people think that money is the root
of all evil because you know, we see how capitalism,
you know, it is just you know, to see how
it works here in America. But it's really it's a tool.
And if you know how to use the tool, then
it doesn't have to be evil. It actually work in
your favor. It can work for you, it can work

(38:52):
for your family. It's just you have to get out
of this victimhood mentality and really address your money wounds
to really be able to start reprogramming and rewiring your
mind around this concept of money.

Speaker 3 (39:06):
And yeah, and.

Speaker 4 (39:07):
A lot of the time, sorry no goep no go ahead.

Speaker 2 (39:10):
A lot of the times it's really hard for us
to see our own victimhood, right, Like it's really hard
for us to realize like, oh shit, I'm really behaving
like a victim in this moment in time, especially when
it comes to money.

Speaker 4 (39:24):
It's so challenging, which is why it's.

Speaker 2 (39:27):
Important to always have I think, like a safe community,
a partner friendships where you're able to call those things
out with one another, like, hey, you're behaving like a
victim when it comes to this to this specific issue.
Here because I was doing that. I was really good
at owning my shit everywhere else. But for whatever reason,

(39:48):
when it came to money, I really believed poor me,
Like I really really believed that I was at a
strong disadvantage. It wasn't until I unders stood that today,
in this day and age, our thoughts are currency. You know,
when back in not that long ago, seashells were currency.

(40:11):
But today, in this day and age, our thoughts are
what is currency. And I can tap into those thoughts
and I can capitalize on those thoughts and at the
same time improve and make better for my community. It's
not just all about me. It's also about what I'm
doing for my community, what I'm reflecting.

Speaker 1 (40:28):
Speaking about your community, I'm so I'm interested in I mean,
I know you're an educator and you teach a lot
of people. Do you have any success stories that you
can share with us that maybe like we're just really
you know, surprising or just really just really impactful or
really left a mark on you.

Speaker 4 (40:49):
Yeah.

Speaker 2 (40:49):
You know. One of the biggest things for me early
on tying this back to victimhood is that I felt
that every buddy else had the same money story as me.
So like I felt sorry for myself in certain areas
or I don't have money for this. I don't have
money for that, and I would im pole outside of me, like,

(41:13):
they probably don't have money for that, they probably don't
have money for this, not even I was basically just
assuming that because I'm broke from my perspective of this space,
that so is everyone else in my community. And I've
really had to work through that because that's what has

(41:34):
stopped that's what stopped me early on on adequate pricing
on any experiences that I was providing, whether it was
live events or whether it was courses, Like I had
to understand that it's not me I'm selling too, that yes,
there is a lot of me that's coming out in
this work, but I can't assume that everyone's in my
financial situation. And so I think what has been the

(41:56):
most eye opening is when I get to have one
on one in which I do from time to time
with our students, and I get to see their portfolios
and I'm looking at like one hundred thousand dollars portfolios,
two hundred thousand dollars portfolios, or even just thirty thousand,
forty thousand, fifty thousand and they started investing with me

(42:17):
in twenty twenty and I'm like, dang, like you're really
out here doing like you've taken everything I've said and
you really are out here applying it.

Speaker 4 (42:26):
And it's that to me blows my mind.

Speaker 2 (42:29):
When they were like before you, I didn't even have
a portfolio, and just getting to look at Commas and.

Speaker 4 (42:35):
Zeros is like this is real.

Speaker 2 (42:37):
Like I know it's real, but I think, like, I
know it's real because I see it in my life.

Speaker 4 (42:42):
But to get to see it reflected and to get to.

Speaker 2 (42:44):
See our students have some incredible portfolios and then do
boss shit like sell a portion of the stock and
go purchase a house for an Airbnb and I'm like, yes,
like this is what I'm talking about. It's not just
about investing in the stock. It's about understanding that the
stock market is accessible to us. I don't give a

(43:04):
fuck what they say, like it is accessible to us.
There's a book here, eight steps on how to do it.

Speaker 4 (43:09):
That's one small component.

Speaker 2 (43:11):
It's important for us to diversify, also have real estate,
you know, invest in other things as well, but make
sure that we understand that we can play in this
space and that it's it may feel hard, but it's
really not as hard as we make it out to be.
We don't We're not scared to drop a thousand dollars
on an iPhone, you know, We're not scared as content creators.

(43:34):
We're not scared to drop a thousand dollars on a microphone,
you know what I mean. And it's that same thing.
We're investing into these companies that are making so much
money off of us already. It's just securing a part
of their bag. That's all it is. It's not necessarily
that you have to do anything that's risky. It's paying
attention to what it is that you're consuming and what
your business is dependent on. You know, if you take

(43:57):
a payment plan, payments through Square app, if you use
Square space, if you use an iPhone, it's just really
taking a look at all of the things that not
just you are dependent on, but that you are very
dependent on, and so is your community. It's just tapping
into that company and taking.

Speaker 4 (44:15):
A piece of their bag.

Speaker 2 (44:17):
It's so important for us to understand that space, and
they've been dominating it for way too long. The amount
of people that buy direct stock in the United States
that isn't tied to their four oh one k's is
only fifteen percent. So out of all of the Americans

(44:40):
in the United States, only fifteen percent own stock directly,
and out of those fifteen percent ten percent the top
ten percent own all eighty nine percent of shares. So
it's only the elite that are tapping into this, and
it's not that they they just understand Yo, everyone is

(45:03):
dependent on Apple. It would make sense that if the
United States is depending on Apple, then perhaps this might
be a company I should take a look at investing into.

Speaker 1 (45:13):
I think a lot of people think, like, oh, it's
too late for that. Oh I'm too late to invest
in Apple. I'm too late to invest in Netflix, like
I don't even know, Like I think that that's also
been my mindset too around it, like, oh, I didn't
get in early, so it doesn't you know, I missed
that that ship is sailed, you know. And and what

(45:33):
I'm hearing is it's not true. And I know, like
even from our previous conversations, and what I think you're
also saying here too, is that you need to invest
in what you know, like, don't invest in shit you
don't know shit about, Like if you have an if
you're an iPhone user, hello, Like, if you use this,
what is it that adds value to your life? And

(45:54):
invest in that? Don't invest in like random? I mean,
I know cryptocurrency is a whole other, you know, ballgame.
And I even invested in crypto early and I didn't
know what the fuck I was doing at all. Literally,
my friend did it for me. She took my phone
and did it. I was like, what is a theoreum?
I have no idea what the fuck this is? But
I'm investing. And you know, I watched it grow and

(46:15):
I still didn't know shit about it. And I also
watched it totally leave because I didn't know anything about it.
I invested in something I know absolutely nothing about and
I didn't educate myself. And I just said, I always
want I want to get on the bandwagon before it's
too late, and you know that was That's my mistake,
and I think that's the mistake of a lot of people.
And then they get defeated. They're like, Okay, well this

(46:37):
isn't for me. I'm not going to do this.

Speaker 2 (46:39):
Yeah, And I think I also like to take it
back to missing the boat on something. I think it's
important for us to understand a couple of things. The
first is that Netflix is still a really young company.
Like let's look at big time companies in the stock market.
We're talking Johnson and Johnson, We're talking Coca Cola, were

(47:00):
talking McDonald's. How old are those companies? People are still
continuously buying shares into those companies because they feel that
we will still be addicted to coke. Come ten fifteen
years from now, We'll still be eating cheeseburgers at McDonald's,
like you know, So compare the weight of that company
to companies that are newer, like an Apple, like a Netflix.

(47:24):
I mean, imagine if at ten years of Walt Disney
being a company, people were like, I can't invest in
this anymore because I missed the boat. We're looking at
a really old company that is still extremely valuable and
is promising into the future with their streaming service. They're
always there's always going to be innovations. I'm not saying

(47:45):
to invest in any of those companies. I'm just using them,
as you know, as just to show you how they're
actually really young companies. Netflix didn't even become profitable until
twenty twenty one. That's how new it is, it's still
reinvesting into itself, it's still figuring things out. So yeah,

(48:05):
I think there's a real opportunity here. And you know,
I think also blockchain technology is incredible. It's still really early, though.
We're looking at a new asset class. So what we're
looking at is a new type of currency that is
being built in our lifetime. The dollar bill existed long
before us, so imagine this new currency we're going We

(48:28):
should expect for it to come up and come down,
and come up and come down. We also had a
really unique experience in twenty twenty with a pandemic where
everything just kind of ran up really high, and now
it's just giving back all of those gains, which is
what took place with ethereum and bitcoin. But I think
in the long run, we're going to see these types

(48:48):
of investments like real winners, not all of blockchain, not
all of Like I'm just talking about bitcoin and ethereum specifically.
I don't know about the other coins or anything like that.

Speaker 4 (49:00):
But I do think.

Speaker 2 (49:01):
That that asset class is still really brand new, young,
and it's still has a lot of potential for the future.

Speaker 1 (49:11):
Are there any companies that you would recommend investing in now.

Speaker 2 (49:15):
So I can't, like legally, like by law, I wouldn't
be able to give any tips on what to invest in.
But I think what's really important for us to understand
that is really hot right now, and it has been
for a while. I've been into this for a while,
is it's AI, it's artificial intelligence. Understanding where artificial intelligence

(49:40):
is going.

Speaker 4 (49:40):
To take us.

Speaker 2 (49:41):
That was why I began investing in Tesla, you know before,
because I didn't feel people saw Tesla as an electric company.
I didn't see it as an electric company. I actually
saw it as a artificial intelligence car. That's the way
I looked at it. This way I continue to look
at it. They still have the most data that they're

(50:04):
retrieving from their AI, but I do think that's the
future and a lot of these companies are implementing AI technology,
and so I kind of feel like AI is like
going to be the new gold Rush of our lifetime.

Speaker 4 (50:18):
That's going to be the next big thing.

Speaker 2 (50:20):
So I would say that if you're going to invest
in anything, investigate whether that company is dabbling in artificial
intelligence and what their plans are for that. Artificial intelligence
so scary, so scary.

Speaker 3 (50:35):
That's the part that it scares me. And that's what
I stay away from it too.

Speaker 1 (50:38):
You know, I know, and it's true. It's like I
think people hear AI, or at least I do, and
I almost like want to reject it immediately.

Speaker 3 (50:44):
I think of like Will Smith and Rob I Roba, Well, I.

Speaker 1 (50:47):
Think of like I think of the root of all evils,
and I think, okay, well, okay, if I can look
at money as a as a tool, then I could
look at AI as also a tool and not look
at it as this like super scary thing that's going
to like rue society.

Speaker 3 (51:01):
Well, that's the thing about perspectives to like even what
Luce was just saying about, you know, like having like
assuming that like people are in the same financial situation
as you too. It's like like having a trouble pricing
your your merch or you're you're you know, the things
that you have in business, or like having this fear
like or even if you've like scrolled through Instagram and

(51:21):
you see like rich bitches and you're like, oh, fuck them,
like they have this or they have that, Like you
make an assumption about them and the same way you're like, oh, well,
you know, my friend was struggling three years ago, she's
probably still struggling. I don't want to talk too much
about this, or I don't want to make my candle
super expensive, or like, am I worth this price? But
it's it's like you have to change the shift that
that mentality and know that you're at like every people,

(51:45):
there's more than enough for everyone, and it's worth what
you're selling. It's worth what you're pricing it as, and
you're worth what you're doing, and you're worth like, you know,
deserving of this amount, this price point. You know, Like
it's so interesting how our minds shape the way that
we like perceive things and accept them in our you know,
in our personal lives.

Speaker 1 (52:07):
True true, true, oh loose. Before we leave, we have
two things we have to address. A. I would love
if you shared an affirmation with our audience.

Speaker 2 (52:18):
So this affirmation is tried and true for me. It
is an affirmation that parents me. I'm I'm sure I've
said it in the podcast before, but it is still
the affirmation that holds me solid day in and day out,
and it is I am unlimited supply it just I

(52:39):
can't let go of it. It's my daily affirmation. And
it really just reminds me that I'm not dependent on
money outside of me. I'm not dependent on what money is.

Speaker 4 (52:49):
Doing outside of me.

Speaker 2 (52:50):
I am solely dependent on my my intelligence in my
head and how that sustains me, and it sustains my
family and it sustains my community.

Speaker 1 (53:03):
I am unlimited supply.

Speaker 3 (53:05):
I am unlimited supply.

Speaker 1 (53:08):
I love that. And we also pulled a card at
the top of the show, actually well before the show,
and Lucy pulled the Chariot card m the Chariot.

Speaker 3 (53:21):
It usually means control, willpower, success, action, determination. The chariot
is a card of will powered, termination, and strength. You
have discovered how to make decisions in alignment with your
values with the Lover's card, and now you're taking action
on those decisions. When the chariot appears in a TIRA reading,
take it as a sign of encouragement. You have set

(53:42):
your objectives and now channeling your inner power with a
fierce dedication to bring them to fruition. When you apply discipline, commitment,
and willpower to achieve your goals, you will succeed.

Speaker 1 (53:53):
Now.

Speaker 3 (53:54):
Now isn't the time to be passive in the hope
that things will work out In your favor, take focused action,
and stick to the course no matter what challenges may
come your way, because believe me, there will be challenges.
You may be pulled in opposite directions and find your
strength and conviction tested. Others may try to block you,
distract you, or drag you down to pursue drag you
down the pursuit of your goal. But the chariot is

(54:17):
an invitation to draw upon your willpower and home in
on what's essential to you so you can push past
the obstacles in your way. Hmm, willpower and focus, Oh yeah,
got you to be the wealth warriors. So it seems
on point.

Speaker 1 (54:34):
Yeah, And for those listening like yes, focus and willpower
is what it takes, really, I think to be successful
in all ways and to go down this road of
you know, feeling confident in the stock market or whatever
it is that you know, whatever avenue you're using in
order to invite more abundance and cash flow into your life.

(54:55):
So thank you, yes, thank you for that, Thank.

Speaker 2 (54:59):
You, thank you for having me. The book comes out
April eleventh. I wanted to make sure I share that,
and it's pre order right now. You can get it
at Target, Walmart, Barnes and Noble.

Speaker 4 (55:10):
Amazon. Yeah, so definitely.

Speaker 1 (55:15):
Yes, and we'll make sure to put If you click
the link in this episode description, you can pre order
Loose's book today, Wealth Warrior, eight Steps for Communities of
Color to Conquer the stock Market. And where else can
our people find you?

Speaker 2 (55:31):
Yes, you can find me on Instagram at Lou's Warrior
and our business Instagram where we give all the stock
market news at in Loose we trust.

Speaker 1 (55:43):
In this we trust and also has amazing courses. Make
sure you check out her courses and tap into her
community so that you can feel supported and know you're
not alone in your journey into abundance and wealth. So
thank you so much, Thank you louse joining.

Speaker 4 (56:00):
Us, thank you for having me, and.

Speaker 1 (56:03):
You guys know where to find us at Good Mom's
Underscore Bad Choices on Instagram. Make sure you also click
the link in this episode description to check out our
next retreat. We're going to Mexico, Sayulita, Mexico. It's about
an hour from Puerto Vaarta and we're taking a group
two groups of amazing women out there. So if you
want to invest in yourself, also make sure you check

(56:25):
out at the Good Vibe Retreat on Instagram as well.
Make sure you check out our merch we're wearing it.
If you're on YouTube right now, you can see I'm
wearing our black as Fuck, Fine as Fuck, mom as
Fuck new long sleeve shirt and Mila is actually wearing
our jersey. We have a really cool little tribe jersey,

(56:45):
So check us out. Support black and brown women, and
we love you and we'll see you next week.

Speaker 3 (56:52):
Bye.

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Erica Dickerson

Jamilah Mapp

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