The BEST His and Hers Financial Literacy Podcast for Millennials
Nov. 20, 2024

66: Rip & Rant on the Economy

66: Rip & Rant on the Economy

Buckle up for some big thoughts from Brandon and Jess about today’s economy. From fair wages to taxes and tariffs, this episode packs it in.  They tackle hot topics like Social Security and how the government keeps control of its population.  Don’t worry, they also leave you with actionable insights on building wealth, balancing intention with action, and taking charge of your financial future.

Watch this episode in video form on YouTube: https://www.youtube.com/channel/UCP55O4Ku4dukHcK0kExhpcA

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Chapters

00:10 - Rip and Rant

06:27 - Impact of Import Tariffs on Consumers

09:19 - Government Control Through Fear and Ignorance

18:31 - Commitment and Accountability in Finances

24:17 - Building Wealth Through Smart Investments

Transcript
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00:00:10.830 --> 00:00:23.402
We are going to start with a little rip and rant, because I always tell Brandon he needs to be creating more content, he needs to be showing his face more on Instagram, on socials, and it's just not his thing.

00:00:23.402 --> 00:00:40.335
It's not how he operates, but when we're standing in the kitchen, when we're driving in the car, he wants to talk about all the things, and I was like you know what, maybe you don't go on Instagram and make a video, but maybe we record a rip and rant segment where that's what it is.

00:00:40.335 --> 00:00:44.662
You just rip and rant because you have a lot to say and other people need to hear it.

00:00:45.404 --> 00:00:53.171
Yeah, I mean this is something a little new that we're trying to do because, like she said, she gets on me constantly, all the time, for not showing my face on our Instagram.

00:00:53.171 --> 00:00:57.515
I do, it's true, but yeah, let's try it out.

00:01:02.899 --> 00:01:03.442
Let's get into it, okay.

00:01:03.442 --> 00:01:05.674
One of the first things that he has been ripping and ranting about is taxes.

00:01:06.700 --> 00:01:12.490
Yeah, because I feel like every year during elections, taxes is always a big talking point.

00:01:12.490 --> 00:01:13.472
We're going to lower taxes.

00:01:13.472 --> 00:01:17.930
We're going to lower taxes In case you guys don't actually know newsflash.

00:01:18.099 --> 00:01:19.185
Taxes are at an all-time low.

00:01:20.040 --> 00:01:23.691
If you look at the past 100 years, taxes are basically at an all-time low.

00:01:23.921 --> 00:01:26.650
So taxes are not the problem, they're not the issue.

00:01:27.260 --> 00:01:36.731
You know, if you can't continue to lower taxes and expect certain programs to improve, because our tax money is what funds all the government programs.

00:01:36.879 --> 00:01:40.290
So then, if it's not the taxes, what is the problem?

00:01:40.420 --> 00:01:42.064
The problem is corporations are not paying people.

00:01:42.064 --> 00:01:43.168
It's very simple.

00:01:43.689 --> 00:01:43.990
Yeah.

00:01:44.721 --> 00:01:48.471
Due to the cost increase of goods and everything that we pay for.

00:01:48.471 --> 00:01:53.933
If you look at the increase of that in comparison to the increase of salaries, it's nowhere close.

00:01:54.355 --> 00:01:54.996
It's nowhere close.

00:01:54.996 --> 00:02:00.861
Well, and the disparity right between the top executives 100%, and then the lowest level of employees, which I know.

00:02:00.861 --> 00:02:10.580
Other countries have put guardrails in place so that your top executives aren't making 7,000% more than your lowest-paying paid employee.

00:02:10.580 --> 00:02:13.282
If you go back like 30, 40, 50 years.

00:02:13.342 --> 00:02:23.832
You look at the lowest-paid person at a corporation compared to the CEO and now compare that to today the lowest person, what they make compared to the CEO.

00:02:23.832 --> 00:02:27.697
It's 1,000x more what the CEOs are making.

00:02:27.697 --> 00:02:31.230
So it's not a matter of oh, taxes need to be lower so you can keep more of your money.

00:02:31.230 --> 00:02:34.407
Obviously, we want to keep more of our money, but taxes are at an all-time low.

00:02:34.407 --> 00:02:36.793
It's not my opinion, it's facts.

00:02:37.039 --> 00:02:52.652
Well, if the federal minimum wage is $7.25 and it hasn't been increased in a bajillion years, and the lowest-paid employee at McDonald's is making $7.25, and the CEO is making $30 million, hello.

00:02:53.883 --> 00:02:55.269
Just say, over the past four or five years.

00:02:55.269 --> 00:03:05.729
Simply look at how much the average person was making from an income standpoint and then compare it to how much the average CEO was making and see what the increase has been there for the past five years.

00:03:05.930 --> 00:03:06.169
Right.

00:03:06.319 --> 00:03:10.091
While they're saying that profits aren't the same, blah, blah, blah, blah blah.

00:03:10.091 --> 00:03:12.397
Ceos' salaries continue to increase.

00:03:12.397 --> 00:03:18.890
Yes, they do, but the average person's salaries are not increasing and even if their salaries quote unquote aren't increasing their overall comp package is increasing.

00:03:20.099 --> 00:03:29.128
Exactly, you know I work in tech and I know our CEO makes well over $30 million a year and that's insanity.

00:03:29.128 --> 00:03:38.187
Now, obviously, many people not all people at the company, but many people you know do earn high wages, but I'm not making $30 million a year.

00:03:38.187 --> 00:03:43.400
I wish yeah, I don't know that we would be doing this podcast if I was Probably not.

00:03:43.919 --> 00:03:46.527
Oh, we could, because we have, we would be in Bora Bora.

00:03:46.788 --> 00:03:50.400
Yes, oh yeah, in our over-the-water hut in Bora Bora recording.

00:03:50.439 --> 00:04:01.746
But the thing is, it's like having the conversation about constantly talking about who's going to lower taxes more is simply a distraction from the reality of us not being paid enough from our salaries.

00:04:02.067 --> 00:04:03.429
Yeah, especially.

00:04:03.429 --> 00:04:06.832
You know we're in an election year and so it's coming up all the time.

00:04:06.872 --> 00:04:08.895
It's stupid because we're arguing with each other about it.

00:04:08.895 --> 00:04:15.705
We're simply arguing with our peers about taxes when, in reality, we should all collectively be grouping together and demanding more from our employers.

00:04:16.185 --> 00:04:17.608
Demand more.

00:04:17.608 --> 00:04:19.052
Yeah, absolutely.

00:04:19.091 --> 00:04:37.870
So do me a favor, do me a favor and please look at the historical tax rates for the past 20, 30, 40 years, and I'm gonna even take it a step further the time period that, like you know, a certain demographics talk about make america great again, and the time period that they're really referring to, you know, post-world war ii and reagan era, stuff like that.

00:04:37.870 --> 00:04:49.718
Look at the highest tax bracket during that time period, right after world war, you know, post-world war I, when, quote-unquote America was thriving, the middle class was creating all that stuff, like the highest marginal tax bracket was like 90%.

00:04:50.199 --> 00:04:52.548
That's insanity, but people were still thriving, right.

00:04:52.860 --> 00:04:54.216
Because they were making more.

00:04:54.216 --> 00:04:56.459
Yeah, like I said, it's not the taxes that are the issue.

00:04:56.459 --> 00:05:02.588
Now, obviously, you always want to focus on some aspects of taxes because you want to keep as much money as possible, but you also need to make more money.

00:05:03.149 --> 00:05:11.360
Yeah, we need to make more and the cost of goods needs to stop increasing by 70 times year over year when, again, our wages are not keeping up.

00:05:11.521 --> 00:05:21.803
Like I said, look at how much people are paying for housing as far as like owning a home and also rent, how much that has increased over the past four years, and has that same percentage increase happened for your salary?

00:05:22.105 --> 00:05:23.649
No, it has not All right.

00:05:23.649 --> 00:05:25.399
Same percentage increase happen for your salary?

00:05:25.399 --> 00:05:27.321
No, it has not All right.

00:05:27.321 --> 00:05:32.860
Have you been listening to our podcast and wondering how am I really doing with my money?

00:05:32.860 --> 00:05:35.581
Am I doing the right things with my investments?

00:05:35.581 --> 00:05:38.281
Am I on track to reach my financial goals?

00:05:38.281 --> 00:05:40.043
What could I be doing better?

00:05:40.043 --> 00:05:55.264
If you answered yes to any of these questions, then it's time for you to reach out to Brandon to schedule your free yes, I said free 30-minute introduction conversation to see how his services could help make you the more confident moneymaker we know you could be.

00:05:55.264 --> 00:05:56.988
What are you waiting for?

00:05:56.988 --> 00:06:04.536
It's literally free and at the very least, you'll walk away feeling more empowered and confident about your financial future.

00:06:04.536 --> 00:06:06.182
Link is in our show notes.

00:06:06.182 --> 00:06:07.725
Go, schedule your call today.

00:06:11.331 --> 00:06:13.755
That was his rip and rant on taxes, y'all.

00:06:13.755 --> 00:06:18.793
Okay, let's talk about tariffs and I know this has come up in one of our recent episodes.

00:06:18.793 --> 00:06:20.841
But talk to us about tariffs and I know this has come up in one of our recent episodes.

00:06:20.841 --> 00:06:27.257
But talk to us about tariffs and how you feel and why, why you're pissed well, first of all, it's the definition of what a tariff is.

00:06:27.524 --> 00:06:31.817
Tell us, here is a tax on a company that is importing goods from another country.

00:06:31.817 --> 00:06:32.586
Yeah, all right.

00:06:32.586 --> 00:06:36.237
So, for example, we're going to use china, because that's the one that always comes up.

00:06:36.237 --> 00:06:42.327
A company wants to use something that is made in China, so they're importing it to the United States in order to use it.

00:06:42.327 --> 00:06:44.432
China is not paying that tax.

00:06:44.432 --> 00:06:46.016
We are the company.

00:06:46.197 --> 00:06:47.971
No, the company, oh, the company, the company that imports it.

00:06:47.990 --> 00:06:54.478
So if it's an American company importing that from China into the United States, the American company is the one paying the tax.

00:06:54.478 --> 00:06:55.887
China's not paying the tax.

00:06:56.127 --> 00:07:00.997
Yeah, but then if the company is getting charged more, they're going to try to offset that cost.

00:07:00.997 --> 00:07:03.084
Oh, 100%, and then it comes down to the consumer.

00:07:03.084 --> 00:07:04.326
Any company.

00:07:04.346 --> 00:07:05.889
It doesn't even matter if we're talking about tariffs.

00:07:05.889 --> 00:07:09.216
A company's price is based off of their overhead.

00:07:09.798 --> 00:07:10.038
Right.

00:07:10.505 --> 00:07:15.057
So if you're increasing their overhead, that cost is going to be trickled down to the consumer.

00:07:15.057 --> 00:07:25.338
Yeah, so putting more tariffs on goods, or whatever it may be, is going to simply result in you, as a regular person, consumer, paying more.

00:07:25.338 --> 00:07:26.040
It's simple.

00:07:26.040 --> 00:07:29.894
It's not even like a form of contention, if you ask any economists.

00:07:30.185 --> 00:07:35.855
Well, but also what's interesting is, like you know, Trump is like oh, we're going to increase the tariffs.

00:07:35.855 --> 00:07:38.706
We're going to increase the tariffs Great, it's going to increase what you pay, Right.

00:07:38.706 --> 00:07:43.076
And then also think about all the things that we are getting from China and other countries.

00:07:43.076 --> 00:07:48.576
We do not, even when we're trying to be really intentional about buying things made in the United States.

00:07:48.576 --> 00:07:50.139
That is really difficult.

00:07:50.384 --> 00:07:51.187
Well, the thing is too here's.

00:07:51.187 --> 00:07:56.338
The thing is that you can buy something that is made in the United States, but it has parts made in another country.

00:07:56.444 --> 00:07:57.267
Yes, exactly so like another country?

00:07:57.329 --> 00:08:04.581
yes, exactly, even though it's an american company and their products are assembled per se in america, they might have parts that come from different countries.

00:08:04.581 --> 00:08:10.987
Right, therefore, they're paying more for a part that would maybe come from china, and that's going to be trickled down into how much they charge you.

00:08:10.987 --> 00:08:12.791
It's going to cost more, plain and simple.

00:08:12.791 --> 00:08:14.036
It's not like it's not.

00:08:14.036 --> 00:08:20.247
It's not anybody that knows anything anybody that knows anything understands this, understands this principle.

00:08:20.266 --> 00:08:34.524
So like, if you think that that's a good idea to increase tariffs and that's going to somehow hurt china, it doesn't, it's going to hurt the american company, aka trickle down to you as a consumer paying more if you're already complaining we're already paying more on everything you know inflation.

00:08:34.524 --> 00:08:38.948
This is not the solution right plain and simple and simple.

00:08:38.948 --> 00:08:40.529
China does not pay the tariff.

00:08:40.529 --> 00:08:43.192
The company that imports the good is.

00:08:43.192 --> 00:08:44.432
Who's paying the tariff?

00:08:44.432 --> 00:08:46.634
Aka, trickle down to you, you're paying the tariff.

00:08:46.634 --> 00:08:48.756
That's what it boils down to you pay the tariff.

00:08:48.937 --> 00:08:50.177
Yeah, all right.

00:08:50.177 --> 00:08:52.159
Rip and rant on tariffs.

00:08:52.159 --> 00:09:05.562
Woo, okay, all right, let's do a rip and rant on another hot topic in our household Social Security and specifically Social Security taxes.

00:09:05.562 --> 00:09:07.804
Right, all right, because Brandon has a lot of strong feelings, y'all.

00:09:07.845 --> 00:09:09.912
So currently your Social Security is taxed.

00:09:10.293 --> 00:09:10.634
Okay.

00:09:11.525 --> 00:09:16.451
Obviously, I think it's crap that your Social Security is taxed in general because you've already paid taxes on it.

00:09:16.451 --> 00:09:19.707
But this is how it works and it is what it is at this moment in time.

00:09:19.707 --> 00:09:25.960
Okay, but for you to listen to any politician to say that currently they're not going to tax Social Security?

00:09:26.044 --> 00:09:28.735
And by any politician, he right now means Donald Trump.

00:09:29.809 --> 00:09:30.455
It's not going to happen.

00:09:30.455 --> 00:09:31.845
It's not going to happen.

00:09:31.904 --> 00:09:34.519
Because Social Security that is being paid out.

00:09:34.519 --> 00:09:35.364
Social Security is in trouble right now.

00:09:35.364 --> 00:09:35.965
Yes, yeah.

00:09:35.985 --> 00:09:44.840
Because Social Security is in trouble because it was never managed properly and currently, what we are paying into Social Security which you would think would be put away for us when we get older and we need it it's not.

00:09:44.840 --> 00:09:48.735
It's currently funding those individuals who are currently on Social Security and receiving payments.

00:09:49.105 --> 00:09:50.448
And I mean, is it going to?

00:09:50.448 --> 00:09:53.917
Are we going to have anything left for when we actually want Social Security?

00:09:53.917 --> 00:09:57.150
Because there's a huge chunk of my paycheck that comes out for Social Security.

00:09:57.150 --> 00:10:02.039
I don't know Every paycheck and I don't feel like I'm going to have access to that money because it's going to be gone.

00:10:02.284 --> 00:10:05.061
So you know, when I do the planning with clients, I don't factor in Social Security.

00:10:05.244 --> 00:10:07.602
Right, it would be a nice icing on the cake.

00:10:07.663 --> 00:10:09.653
Yes, but I don't plan it as part of the?

00:10:09.653 --> 00:10:10.990
I don't include it as part of the plan.

00:10:10.990 --> 00:10:26.927
And the thing is that you would think that, with that large population in that generation, that it would continue that growth, when actually people have stopped having children.

00:10:26.927 --> 00:10:28.251
It's decreased and that's for a whole.

00:10:28.251 --> 00:10:38.489
Nother rip and rant, but you have more people taking it right now than what's actually currently kind of going into the going into it aka, it's going to run out exactly right now it's.

00:10:38.649 --> 00:10:42.378
It's 2035, I think, is like what they're estimating.

00:10:42.378 --> 00:10:43.206
It would be exhausted.

00:10:43.206 --> 00:10:57.049
Now, obviously, they have to do something to prevent that from occurring, because all hell would break loose if people didn't get their social security, because majority of people that are on social security, they are dependent upon that to live and if they don't have it, they will not be able to, uh, take care of their monthly bills.

00:10:57.049 --> 00:11:04.350
Yeah, but you, you can't't say that, hey, we have a failing program and what's currently helping to fund it?

00:11:04.350 --> 00:11:07.894
We're going to pull that away and taxes are helping to fund that program.

00:11:07.894 --> 00:11:12.515
So we're already failing, but let's go ahead and take away another revenue stream that's going into that.

00:11:12.515 --> 00:11:14.729
Yeah, it's not feasible.

00:11:15.832 --> 00:11:16.114
All right.

00:11:16.114 --> 00:11:18.029
So another thing we're not going to be able to do.

00:11:18.049 --> 00:11:21.076
The thing is that people need to take a step back and not just listen to what politicians say.

00:11:22.985 --> 00:11:23.869
They also need to figure out.

00:11:23.869 --> 00:11:26.841
Hey, is this even you should never listen to just what politicians say without doing research, Right?

00:11:27.284 --> 00:11:29.052
Oh, I would love it's like a positive.

00:11:29.052 --> 00:11:30.706
It's like, oh, we're going to give everybody a million dollars.

00:11:30.706 --> 00:11:31.567
Yeah, I would love that.

00:11:31.567 --> 00:11:34.568
Where the hell is that money going to come?

00:11:34.668 --> 00:11:36.630
from Pause and think.

00:11:36.630 --> 00:11:38.792
Use your brain and think about like it sounds great.

00:11:38.792 --> 00:11:39.952
We know people are not using their brains.

00:11:39.952 --> 00:11:40.432
It sounds great.

00:11:40.452 --> 00:11:41.173
But is this feasible?

00:11:41.173 --> 00:11:51.621
Because, like I said, I'm going to jump to the other side also Because, like even with student loan debt forgiveness I've always said that's a great idea, never going to happen.

00:11:51.782 --> 00:11:52.022
Yeah.

00:11:52.022 --> 00:11:58.690
I've always said this Because it's just, it's not feasible in the way that they're saying it.

00:11:58.690 --> 00:11:59.049
Well, I love that.

00:11:59.049 --> 00:12:11.575
The government clearly is, you know, trillions and trillions and trillions of dollars in debt, but they're over here handing out credit scores and shutting down programs that help people and it's like, okay, can you do what you're supposed to?

00:12:11.575 --> 00:12:17.331
Because you are not managing our money that you take out of every single paycheck that we get, correctly.

00:12:17.725 --> 00:12:18.846
I mean budgeting 101.

00:12:18.846 --> 00:12:21.070
Right Budgeting 101, budgeting 101.

00:12:21.070 --> 00:12:21.971
Right Budgeting 101.

00:12:21.990 --> 00:12:22.451
Have a balanced budget.

00:12:22.451 --> 00:12:22.831
Have we ever.

00:12:22.831 --> 00:12:24.595
No, it's insane.

00:12:24.654 --> 00:12:30.629
I mean at one point I can't say there have been points in time in history where we actually have had a surplus, but that quickly went away.

00:12:31.125 --> 00:12:32.229
How many points in history I?

00:12:32.249 --> 00:12:36.328
mean in our modern time of us being alive and really being able able to vote.

00:12:36.328 --> 00:12:41.038
I wasn't able to vote during this time period, but during Clinton's time frame there was a surplus.

00:12:41.580 --> 00:12:43.243
Okay, and that was ages ago at this point.

00:12:43.263 --> 00:12:45.106
Yeah, Obviously we weren't able to vote for that.

00:12:45.126 --> 00:12:46.691
Yeah, okay.

00:12:46.691 --> 00:13:00.317
So that is a rip and rant on Social Security, and if you are thinking about your Social Security as you're getting a payout when it's time for us to retire, you need to take that out of your plan, because right now that money is not existing.

00:13:02.946 --> 00:13:06.071
Like I said, I hope that in some form that it's there, but I definitely wouldn't bank, I don't build it into a plan.

00:13:06.071 --> 00:13:12.355
If it's there extra Bonus, great, but if not, you're good to go, okay.

00:13:15.245 --> 00:13:21.076
Let's do a rip and rant on one of your other favorite topics, which is how the government wants to keep you broke and scared.

00:13:21.076 --> 00:13:26.072
A rip and rant on one of your other favorite topics, which is how the government wants to keep you broke and scared and uneducated.

00:13:26.072 --> 00:13:27.476
That's a big one.

00:13:27.476 --> 00:13:29.102
Talk about it, baby.

00:13:29.102 --> 00:13:29.904
I always say that.

00:13:30.034 --> 00:13:31.903
At least I'm going to speak specifically about the United States.

00:13:31.903 --> 00:13:41.823
The United States has the infrastructure and even though we're quote-unquote in a deficit, we have the money to fix a lot of the problems that plague so many people.

00:13:41.823 --> 00:13:43.206
But they don't want to.

00:13:43.206 --> 00:13:50.282
It's plain and simple, and once you understand that and process that, you can move through life much easier.

00:13:50.282 --> 00:13:53.706
Because you're always like, oh, the government's going to save me, the government's going to do this, the government's great.

00:13:53.706 --> 00:13:56.070
I think people are realizing that obviously that's not the case?

00:13:56.309 --> 00:14:01.211
Yeah, because like Nobody, hey newsflash, nobody's coming to save you, no.

00:14:01.734 --> 00:14:06.995
Nobody, Because the problem is that most people think that a lot of the systems in the United States aren't working are failing.

00:14:06.995 --> 00:14:07.677
They're not.

00:14:07.697 --> 00:14:15.644
They're working exactly how those intended them to work Exactly, and that's the sad part, because they are not set up to make us successful.

00:14:15.644 --> 00:14:18.426
No, that's not the point, not at all, and that's the sad part.

00:14:18.426 --> 00:14:25.371
But when people don't realize that, when you are thinking like, oh, this program is going to save me, this thing is going to save me.

00:14:28.155 --> 00:14:29.498
No, baby girl, it's not here's.

00:14:29.498 --> 00:14:33.803
The reality is that in order to have the 1%, you have to have the other 99%.

00:14:33.803 --> 00:14:34.345
That's not there.

00:14:34.345 --> 00:14:36.788
That's how it works.

00:14:36.788 --> 00:14:38.270
Yeah, and also.

00:14:38.835 --> 00:14:40.341
And there's that sense of control right.

00:14:40.341 --> 00:14:41.780
What is the government trying to do?

00:14:41.955 --> 00:14:45.344
It's easier to control people when they're uneducated and scared.

00:14:45.585 --> 00:14:46.005
And poor.

00:14:46.186 --> 00:14:46.506
And poor.

00:14:46.506 --> 00:14:50.884
Uneducated, scared and poor, If you're so busy worrying about where your next meal is going to come from.

00:14:50.884 --> 00:14:52.148
You're living paycheck to paycheck.

00:14:52.148 --> 00:14:54.442
You're worried about am I going to have a roof over my head tomorrow?

00:14:54.442 --> 00:14:58.245
You don't have time to think about all the other things that the government's doing.

00:14:58.446 --> 00:14:58.706
Right.

00:14:59.008 --> 00:15:00.011
It's plain and simple.

00:15:00.332 --> 00:15:10.066
It's done on purpose Because you're focused on your immediate needs and you're not in those situations you don't have the capacity to be like ooh, I should put my money in a high yield savings account.

00:15:10.066 --> 00:15:13.268
I should be investing, because social security is going to run out by the time.

00:15:13.268 --> 00:15:18.250
I should be able to cash in on it also fear um.

00:15:18.370 --> 00:15:23.778
You have a higher reaction to fear than you do to happiness yes, oh, that's why they always want to keep people in fear.

00:15:23.778 --> 00:15:30.860
It's always a fear of this, a fear of that, a fear of that, and that's how they control people well, and it's easier to control someone that's fearful.

00:15:30.860 --> 00:15:33.306
Think of the person who isn't scared of anything.

00:15:33.566 --> 00:15:33.866
Right.

00:15:33.866 --> 00:15:37.855
They're like whatever they live in life, nothing to lose, live in the best life, not worried about anything.

00:15:37.975 --> 00:15:39.139
That's the person you can't control.

00:15:39.380 --> 00:15:39.642
Yeah.

00:15:39.995 --> 00:15:43.265
As compared to somebody that has money issues.

00:15:43.265 --> 00:15:44.900
They're fearful of this, they're fearful of that.

00:15:44.900 --> 00:15:46.235
That's an easy person to control.

00:15:47.037 --> 00:15:58.347
And well, control, in a way manipulate, but I was also going to say it allows the government to keep us distracted.

00:15:58.347 --> 00:15:59.428
Oh yeah, Right.

00:15:59.609 --> 00:16:02.471
Also, the thing is too is that, like I said, it's also the education piece?

00:16:02.471 --> 00:16:06.783
Yes, I mean, if you just look at history, education has always been a tool that they had tried to take away from you in order to control you.

00:16:06.783 --> 00:16:07.283
Yes, throughout history.

00:16:07.283 --> 00:16:08.466
There's a reason why, during Nazi Germany, they burned books.

00:16:08.466 --> 00:16:12.514
Yep been a tool that they had tried to take away from you in order to control you throughout history.

00:16:12.695 --> 00:16:22.048
There's a reason why, during nazi germany, they burn books yep it's showing like history has shown you exactly what has happened, but we still refuse to acknowledge it.

00:16:22.048 --> 00:16:38.629
And right now we are going through a period of time where, if you look at this I'm not saying that so and so is hitler, and that's not what I'm saying but if you look at what happened leading up to World War II with Nazi Germany and some of the things they did, it is mirroring literally what we are doing right now in the United States.

00:16:38.629 --> 00:16:41.163
You can get mad at me and say that I'm being extreme.

00:16:41.163 --> 00:16:42.268
I'm a history person.

00:16:42.268 --> 00:16:43.071
Look it up.

00:16:44.153 --> 00:16:54.158
Yeah, the fact that we are trying to get rid of all these books and the public education system, defund the department of education.

00:16:54.158 --> 00:16:55.441
That is terrifying.

00:16:55.441 --> 00:16:58.788
Where are all of these kids in public schools supposed to go?

00:16:58.788 --> 00:17:08.580
Exactly what is going to happen to the parents who are already struggling and working, and let's call it what it is public education for some is child care.

00:17:08.580 --> 00:17:12.489
What are they going to do when there's no more schools for their kids to go?

00:17:13.838 --> 00:17:13.878
to.

00:17:13.878 --> 00:17:14.781
That's a problem Also.

00:17:14.781 --> 00:17:15.182
The thing is too.

00:17:15.182 --> 00:17:16.025
You need to think about it this way.

00:17:16.025 --> 00:17:20.201
All right, they're also not stating that they have something to replace it.

00:17:20.823 --> 00:17:21.746
There are no replacements.

00:17:21.846 --> 00:17:27.518
I have not heard anybody say hey we are going to get rid of the Department of Education and this is what we're going to replace it with.

00:17:27.518 --> 00:17:34.349
I've yet to hear that, and if you found that information, please, we're going to replace it with.

00:17:34.349 --> 00:17:35.903
I've yet to hear that, and if you found that information, please send it our way.

00:17:35.903 --> 00:17:37.030
All I hear is we're going to get rid of this, we're going to get rid of that, we're going to get rid of this.

00:17:37.030 --> 00:17:37.838
No plans of what they do to replace it, because, guess what?

00:17:37.790 --> 00:17:41.769
They probably don't have a plan to replace it, it's not to benefit you.

00:17:41.769 --> 00:17:43.913
Yeah, unbelievable.

00:17:43.913 --> 00:17:48.397
That is truly terrifying, really really terrifying, and this is coming from.

00:17:48.498 --> 00:17:51.619
you know, jess was a teacher for seven years.

00:17:51.619 --> 00:17:57.444
My mom was an educator for over 30 years, so like this is something that we are definitely passionate about.

00:17:57.505 --> 00:17:58.786
Our kids go to public school.

00:17:58.786 --> 00:18:01.388
We believe in public school education.

00:18:01.388 --> 00:18:02.328
We believe in teachers.

00:18:02.328 --> 00:18:04.090
Teachers should be paid more, all the things.

00:18:04.090 --> 00:18:08.516
That is our stance Absolutely All right.

00:18:08.516 --> 00:18:25.746
We're going to rip and rant about people who sign up for courses, never take the courses, buy the books, never read the books, buy the audio book, never listen to the audio book, people who are not taking action even though deep down, they want to change their situation.

00:18:25.746 --> 00:18:28.166
What is your rip and rant on?

00:18:28.166 --> 00:18:31.528
People who are not taking action to actually improve their situation?

00:18:31.548 --> 00:18:38.012
So my personal take is that I think everyone that does that has nothing but the best intentions.

00:18:38.012 --> 00:18:39.053
Honestly, Good intentions.

00:18:39.053 --> 00:18:41.123
They have great intentions on what they want to do.

00:18:41.123 --> 00:18:43.565
It's just a matter of one.

00:18:43.565 --> 00:18:44.711
Life gets in the way.

00:18:44.711 --> 00:18:48.484
Yep so we are just busy, inundated with so many other things that we need to do.

00:18:51.464 --> 00:18:53.152
And that just kind of gets pushed to the way back.

00:18:53.152 --> 00:18:55.659
But does it get pushed to the way back?

00:18:55.659 --> 00:18:57.546
Because it's not technically a priority, because people make time for what?

00:18:57.626 --> 00:18:58.028
is important to them.

00:18:58.028 --> 00:18:58.169
I do.

00:18:58.169 --> 00:19:01.520
I think people have, like I said, best intentions, but it's.

00:19:01.520 --> 00:19:04.853
There was things that I can do it later I can do it later.

00:19:04.853 --> 00:19:05.555
I can do it later.

00:19:05.555 --> 00:19:15.861
I can do it, and later never comes yeah and I'm not knocking anybody, because we've all done this in certain aspects, but I also think 99% of people need someone to hold their hand and guide them through the process.

00:19:16.122 --> 00:19:18.063
Yeah, and hold them accountable, and hold them accountable.

00:19:18.282 --> 00:19:25.867
And I think also I think there's a lot of reasons why people don't want to work with an individual is because they're not fully vested in actually doing the action.

00:19:25.867 --> 00:19:33.532
Oh, so they don't want the accountability partner, they don't want the accountability, because they don't want to let down the person and then be judged for not doing it.

00:19:34.553 --> 00:19:45.665
Oh Well, it's like, you know, you sign up to do a gym class with a buddy and it's like, oh, I really don't want to work out at 530 in the morning, right, I already said, but I don't want to disappoint, so-and-so, so I'm going to show up, yes.

00:19:45.665 --> 00:19:57.488
Yeah, like you know, you don't reach out to me or you don't want to work with me, because then you know I'm gonna force you to do the work.

00:19:57.404 --> 00:19:58.672
Yeah, well also you're paying for it.

00:19:58.672 --> 00:19:58.883
So like, do you?

00:19:58.883 --> 00:20:07.038
How do you feel about people you don't think, okay, that's I think that people don't, they're not fully committed, and it's easy to say that, it's easy to like, trick yourself in the mind like I bought a course, I'm committed yeah how many?

00:20:07.097 --> 00:20:20.027
of course, you're not many people that, like, reach out to you, that have that initial consult, and then you're like and they say, I want to move forward in the process and you send them the next step in the process and then you never hear from them again.

00:20:20.115 --> 00:20:21.200
Oh, that's the bulk majority.

00:20:21.701 --> 00:20:21.902
Wow.

00:20:23.275 --> 00:20:28.788
I provide the free consultation and I'm like, hey, you know, the next step isn't even cost you anything.

00:20:28.788 --> 00:20:30.875
The next step is me getting more information about your situation.

00:20:30.894 --> 00:20:32.885
It's just taking the action and filling out the information.

00:20:32.885 --> 00:20:34.434
Taking the action to fill out a form to give me your information.

00:20:34.434 --> 00:20:35.519
How long does the form take?

00:20:35.775 --> 00:20:36.617
Form takes.

00:20:36.617 --> 00:20:38.483
I've seen people do it in 15, 20 minutes.

00:20:38.884 --> 00:20:39.105
Yeah.

00:20:39.105 --> 00:20:44.737
So if you are dedicated and you're like, okay, I'm going to set aside 20 minutes to get this done, I said I wanted Brandon's help.

00:20:44.737 --> 00:20:49.384
I'm going to saying the majority of people don't even make it to that step.

00:20:49.384 --> 00:20:53.509
Correct, they made it to the step of I want the consults, but then that's where it falls off.

00:20:54.035 --> 00:20:55.298
Why I?

00:20:55.298 --> 00:20:59.526
It's well, one, like I said, I think, is it putting the numbers on paper.

00:20:59.526 --> 00:21:00.769
Change is hard for people.

00:21:00.769 --> 00:21:01.863
Yeah change is hard.

00:21:01.863 --> 00:21:03.679
Change is hard for people and also when your finances.

00:21:03.679 --> 00:21:16.329
You become vulnerable Very and even though I say this's a judge free zone, but we've all made mistakes and some people are like I don't want to show them my mistakes, or people try to wait till they're perfect to come to me.

00:21:16.530 --> 00:21:21.336
Oh yeah, but that doesn't make sense because you don't go to the trainer to get after you've already got the six pack.

00:21:21.336 --> 00:21:27.980
That doesn't make sense I'm not judging you, because I've made mistakes as well, and I'm going to make mistakes in the future yeah but you people need to be real with themselves.

00:21:27.980 --> 00:21:32.587
I'm not knocking horses because there are 100% great horses out there and there are people that are 100%.

00:21:32.587 --> 00:21:33.549
I'm going to do this.

00:21:33.789 --> 00:21:34.049
Yeah.

00:21:34.115 --> 00:21:35.374
But that is not, from my experience, the bulk majority of people.

00:21:35.454 --> 00:21:43.067
I would much rather be like hey, I'm going to meet with Brandon every week for six weeks to get my shit together and get it done, than a horse.

00:21:44.275 --> 00:21:47.224
I always say the first thing that people need to realize is be real with who you are as a person.

00:21:47.325 --> 00:21:52.730
Yeah, Are person.

00:21:52.730 --> 00:21:53.446
Yeah, Are you actually going to?

00:21:53.446 --> 00:21:53.974
Are you disciplined?

00:21:53.911 --> 00:21:54.986
enough to do it, or do you need somebody to hold your hand?

00:21:54.986 --> 00:21:59.696
Majority of people are not, which is why majority of people would be much better served working with someone that's going to hold their hand and walk them through the process.

00:21:59.737 --> 00:22:00.721
Hold them accountable.

00:22:00.741 --> 00:22:05.778
Hold them accountable because, let's just say, hypothetically, you bought a course a year ago and you haven't done anything of it.

00:22:05.778 --> 00:22:07.862
Imagine if you'd been working with me for a year.

00:22:07.862 --> 00:22:09.483
Oh my gosh, the progress you could have had.

00:22:09.483 --> 00:22:11.007
You're just delaying that progress.

00:22:11.647 --> 00:22:13.250
That's a great call out Well.

00:22:13.250 --> 00:22:26.476
And two, I think, that self pace again with our busy lives for me, that self paced thing, that doesn't work for me right now Because, again, like you said at the beginning, oh, I can just do it tomorrow, I can just do it the next day, I can just do it next week.

00:22:26.476 --> 00:22:33.647
Oh, next week I definitely will schedule some time, whereas if I had an appointment with somebody, I don't want to let them down.

00:22:33.647 --> 00:22:34.529
I've already paid.

00:22:34.529 --> 00:22:36.502
I want to make sure that I'm getting my value.

00:22:36.502 --> 00:22:41.443
And, yeah, finances are intimidating Sometimes people think money is hard, et cetera, et cetera.

00:22:41.914 --> 00:22:53.453
Why don't you just take that leap and have somebody hold your hand through the process and this might sound mean or whatever, but I know some people are always like, oh, I'm going gonna reach out to you, I'm gonna reach out to you.

00:22:53.453 --> 00:22:56.614
Stop telling me that if you're not gonna reach out to me, because in all honesty it doesn't hurt my feelings, doesn't make me feel bad, because I'm still gonna.

00:22:56.614 --> 00:22:58.383
I'm still gonna make sure our finances are straight right.

00:22:58.383 --> 00:22:59.665
It's you that's missing out.

00:22:59.685 --> 00:23:02.656
We got our wills, we got our trust, we got our bank accounts.

00:23:02.676 --> 00:23:06.122
You gotta reach out to me if you don't like, keep saying it to me.

00:23:06.122 --> 00:23:08.846
All you want, it doesn't change if you haven't done it Right?

00:23:08.846 --> 00:23:12.230
So, like, instead of telling me you're going to reach out to me, just reach out to me or don't say anything.

00:23:13.675 --> 00:23:15.290
Act or keep it moving, y'all.

00:23:15.290 --> 00:23:15.734
I'm just being honest.

00:23:17.036 --> 00:23:22.028
And I'm telling you because when I hear people say it to me, I'm like okay, bullshit, that's what I think in my head.

00:23:22.028 --> 00:23:23.355
I'm like I'll believe it when I see it.

00:23:23.355 --> 00:23:29.862
Right, honestly when, because most people who I work with didn't say they were going to reach out to me.

00:23:29.862 --> 00:23:31.423
They just reached out to me, right?

00:23:31.423 --> 00:23:32.844
They didn't preface it beforehand.

00:23:33.084 --> 00:23:40.089
I wonder how many people, percentage-wise, say I'm going to reach out to you, I've been meaning to reach out to you, oh yeah, I need to schedule something, and then you don't hear from them.

00:23:40.711 --> 00:23:41.111
A majority.

00:23:41.751 --> 00:23:45.660
Yeah, wow.

00:23:45.660 --> 00:23:50.868
See, I told y'all he's got a lot a new segment we're doing because he loves this.

00:23:50.868 --> 00:23:53.534
This is what we talk about when.

00:23:53.554 --> 00:23:54.295
I'm cooking dinner.

00:23:54.295 --> 00:23:55.461
This is me at home.

00:23:56.154 --> 00:23:59.262
Unloading the dishwasher, getting the kids in the bathtub.

00:23:59.262 --> 00:24:03.061
These are our conversations, so y'all need to just hear them, because they're good.

00:24:03.061 --> 00:24:04.204
They're good.

00:24:05.136 --> 00:24:06.080
Let us know what you think about it.

00:24:07.296 --> 00:24:10.258
Send us your topics, the good and the bad, Don't forget.

00:24:10.258 --> 00:24:14.760
Benjamin Franklin said an investment in knowledge pays the best interest.

00:24:14.760 --> 00:24:16.064
You just got paid.

00:24:16.064 --> 00:24:17.567
Until next time.

00:24:17.567 --> 00:24:24.343
Sugar Daddy Podcast, yo Learn how to make them pockets grow Financial freedom's where we go.

00:24:25.036 --> 00:24:26.722
Smart investments money flow.

00:24:26.722 --> 00:24:29.343
Thanks for listening to today's episode.

00:24:29.343 --> 00:24:32.278
We are so glad to have you as part of our Sugar Daddy community.

00:24:32.278 --> 00:24:40.411
If you learned something today, please remember to subscribe, rate, review and share this episode with your friends, family and extended network.

00:24:40.411 --> 00:24:43.157
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00:24:43.157 --> 00:24:56.061
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00:24:56.703 --> 00:24:59.102
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00:24:59.102 --> 00:25:02.448
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00:25:02.448 --> 00:25:09.960
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