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Brown Ambition

Mandi Woodruff and Tiffany Aliche

38
Followers
136
Plays
Brown Ambition

Brown Ambition

Mandi Woodruff and Tiffany Aliche

38
Followers
136
Plays
OVERVIEWEPISODESYOU MAY ALSO LIKE

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About Us

Brown Ambition is a weekly podcast about juggling life, career, and building wealth on your own terms. Your hosts are Mandi Woodruff, executive editor of MagnifyMoney.com and former personal finance reporter for Yahoo Finance, and Tiffany "The Budgetnista" Aliche, an award-winning financial educator and best-selling author of "The One-Week Budget."

Latest Episodes

Ep 239 - Ownership = Wealth

Before we begin this week, we need to have word about knowing what you're worth. Its Covid and times are tough, but some people (big companies) are acting wild trying to take advantage of people. Also you'll remember awhile back, a listener wrote in asking about draining her 401k to pay off her debt. The BA fam cam through and someone offered to buy a grocery card for her (25:40). Y'all are amazing. Then it's on to your questions. This week we've got: (28:22) I’m shopping for a home, I’m trying to decide if I should take on a renovation project. How do you find a good Reno team that will do a good job and not take advantage of you? (38:12) Is a 529 plan a good way to save for college for my 2 year old granddaughter? (read more about 529's here) Don’t forget about our new merch store.Use the promo code BROWNAMBITION15 to get 15% off your BA swag athttps://brownambitionstore.com/ And please support our sponsors: http://rothys.com/brownambition http://betterhelp.com/brownambition– Special offer for Brown Ambition listeners, get 10% off your first month http://fiverr.com– Receive 10% off your first order by using our code BrownAmbition

54 min3 d ago
Comments
Ep 239 - Ownership = Wealth

Is it Time to Get a Financial Advisor?

Election time is approaching (and we're not going to shut up about it)! Are you registered? Do you have a plan? Do you have a plan B? Let's DO THIS. If there was a time to be extra, that time is now. Talk to your family and friends and do everything you can so we might be able to breathe some sigh of relief in a month or so. Aaaaaaanyway... We're back to answer your questions this week, and we got some juicy ones like: (19:00) My husband are looking to be first time homebuyers and we have some different ideas about how to get educated, is there a such thing as a home buying adviser? (27:40) My husband wants to invest our emergency fund, but I want to keep it liquid, what's the best thing to do? Also check out this essay that mentions Brown Ambition! And don’t forget about our new merch store.Use the promo code BROWNAMBITION15 to get 15% off your BA swag athttps://brownambitionstore.com/ And please support our sponsors: http://rothys.com/brownambition http://betterhelp.com/brownambi...

50 min1 w ago
Comments
Is it Time to Get a Financial Advisor?

Ep 237 - The Devil Has No New Tricks

The rona invades The White House, Mandi's getting relatives to vote, and Miss Mali More's getting animated! We're doing what we can to smile right now because LORDT. And we're back to answering your money questions and we got some big ones this week... (26:50) I've never bought stock before and my employer is offering an employee discount on their stock. Should I buy some and how much? (34:22) I've got a lot of debt, some money in savings, and some money in a 401k. Does it make sense to just wipe out my debt now? And don’t forget about our new merch store.Use the promo code BROWNAMBITION15 to get 15% off your BA swag athttps://brownambitionstore.com/ Shout out to our wonderful sponsors: http://rothys.com/brownambition http://betterhelp.com/brownambition– Special offer for Brown Ambition listeners, get 10% off your first month http://fiverr.com– Receive 10% off your first order by using our code BrownAmbition Check out the links below for more resources: Mali More Employee Stock P...

53 min2 w ago
Comments
Ep 237 - The Devil Has No New Tricks

Ep 236 - We Asked The Money Coach

This week we're back with another interview. We got to talk with Lynnette Khalfani-Cox, The Money Coach. She is a personal finance expert, speaker, and author of 15 money-management books, including the New York Times bestseller Zero Debt: The Ultimate Guide to Financial Freedom. We talked to her about how she's slowly building her real estate empire. You'll hear: Buying a property with a recourse mortgage (37:25) What it's like to manage the paperwork and logistics when you have multiple tenants in the same property? (40:16) Staying diversified, how to think about investments like stocks versus real estate (49:07) The link between age and risk tolerance (59:17) We love Lynnette so much and we were honored to have her back on the show! And don't forget about our new merch store. Use the promo code BROWNAMBITION15 to get 15% off your BA swag at https://brownambitionstore.com/ Shout out to our wonderful sponsors: http://rothys.com/brownambition http://betterhelp.com/brownambition– Sp...

69 min3 w ago
Comments
Ep 236 - We Asked The Money Coach

Ep 235 - Day One, or One Day?

Hey, Hey, Hey —WE HAVE A MERCH STORE. Get your BA swag at last here: https://brownambitionstore.com/ To score 15% off your order, use the promo code BROWNAMBITION15 -- On today's show, the 2020 hits keep on coming. We're all grieving the death of the Notorious RBG — Ruth Bader Ginsburg. No one knows for sure what this this means for the future, but we do know that we need y'all to VOTE. Make sure you're registered, make a plan, and ask your friends to do the same. Presidential elections matter, but your local elections do too. Get informed and do the thing! Here's how. We've done some amazing interviews these last few weeks. But this week we're back to answering your questions. Just remember, we're your financial girlfriends, not your gurus. (20:30) Interest is super low on savings right now, should I take some of my savings out of the bank and put it into investments? (27:10) Should I have a Pre Tax 401k, or a Roth 401k? Is it a good idea to have both? (31:30) I'm 41 years old and I've never invested, where should I start? (36:45) I have lots of credit card debt, and a big lump sum of money coming in from a freelance job. How I should I use that money to pay my debt down? We need your help. The company Printful is who we've decided to get our merch from. We like their stuff very much, but they have a diversity problem in their choices of models. Mandi's made a feature request on the platform to have more women of color represented, and we need your help! You can go upvote Mandi's feature request. You do need to make a Printful account to do it, but it's a fast and simple process, shouldn't take more than a minute or so. Once you're signed in, you can find Mandi's feature request here. Shout out to our wonderful sponsors: http://rothys.com/brownambition http://betterhelp.com/brownambition - Special offer for Brown Ambition listeners, get 10% off your first month http://fiverr.com - Receive 10% off your first order by using our code BrownAmbition Further reading: 19 families buy nearly 97 acres of land in Georgia to create a city safe for Black people Noodle Budget 101 Index Funds vs. Mutual Funds: The Differences That Matter How Does a Simplified Employee Pension (SEP) IRA Work?

59 minSEP 23
Comments
Ep 235 - Day One, or One Day?

Ep 234 - 5 Years of Brown Ambition! (Plus Coronavirus Coping Strategies w/ Mental Health Expert Dr. Imani Walker)

Happy 5th anniversary to us...and all of you! We couldn't do this show without you, and we are so proud of this body of work. Whether you've been here say day 1 or you just subscribed this week, we are so grateful for your support. Today, we are walking down memory lane and chatting about some of our iconic episodes (Mouse in the House, anyone?!). Then, we're joined by a VERY special guest — Dr. Imani Walker from Bravo's Married to Medicine. She's here to give us some SOLID tips for staying sane during this quarantine, since it doesn't look like we'll be getting out any time soon. We're going to talk about: What is doomscrolling, and why should you stop? (39:20) What's the connection between the toilet paper shortage and anti-maskers? (41:40) What are the things we can do to bring back a sense of normalcy and control in our lives? (45:38) How do we learn to give ourselves a break? (51:15) The value of Black folks talking so openly about therapy (1:01:39) Why do we love our destruct...

75 minSEP 16
Comments
Ep 234 - 5 Years of Brown Ambition! (Plus Coronavirus Coping Strategies w/ Mental Health Expert Dr. Imani Walker)

Ep 233 - Do You Have a Minority Mindset?

We're thrilled to bring you another interview this week! We're joined by Jaspreet Singh of The Minority Mindset. Like Tiffany, Jaspreet's story started with him falling victim to a scam (19:27). But he didn't let that stop him and he's now built The Minority Mindset into a YouTube channel with over 650,000 subscribers, a popular newsletter, and more. Jaspreet has SO much wisdom to share, and we're all so lucky to learn from him this week. We'll talk about: What does it mean to have a "minority mindset" (its not what you might think) (11:52) What actually is passive income, and where can we start? (31:20) What's a stock dividend? (35:24) What's the right mindset for getting into the stock market? (37:29) And where does Jaspreet go to get educated? (40:22) We have more exciting interviews coming up over the next weeks and months, we can't wait to share them with you! In the meantime, send your questions tobrownambitionpodcast@gmail.comor hit us up on Instagram@brownambitionpodcast Further reading/resources: Seeking Alpha Yahoo Finance Trump Tells Agencies To End Trainings On 'White Privilege' And 'Critical Race Theory'

66 minSEP 9
Comments
Ep 233 - Do You Have a Minority Mindset?

Ep 232 - They Don't Want Us To Know This

Mandi's building a she shed (2:38), we honor the life of our King T'Challa (6:34), and Tiffany has an update on her home appraisal fiasco (28:43). At it's core, our goal with this show is to give y'all knowledge to empower yourselves. This is stuff lots of powerful people have a vested interest in us not knowing. The revolution is to play their game and play it for YOURSELF (26:45). And the questions we're answering this week focus on podcasting! We feel like we've done pretty okay at the whole podcasting thing, so we thought we'd answer some questions from folks about how our podcast is made and how other people might go about making one of their own. (42:55) - How do you get your podcast on Apple Podcasts? Libsyn - for podcast hosting iTunes Connect - for getting your show on Apple Podcasts (45:35) - how much of your conversation gets edited out of your podcast? (49:30) - how much of a time commitment is your show? (50:18) - how long does it take to edit your show? (52:42) - how much did you pay to start your podcast? Canva - for logo and graphics making Audacity - for editing and mixing Blue Yeti - a very common podcasting mic that lots of people (including us!) use (55:13) - how do you get ads? Further reading: New York Times report on racism in home appraisals Debra Kamin tweets about Tiffany's appraisal Apple and Tesla Stock Splits Robinhood Snacks Newsletter Minority Mindset Newsletter What's a Stock Dividend? As always, reach out with your questions tobrownambitionpodcast@gmail.comor hit us up on Instagram@brownambitionpodcast

74 minSEP 2
Comments
Ep 232 - They Don't Want Us To Know This

Ep 231 - Sandy Smith Earned $60k in a Month from Her Side Hustle — Now She's On a Mission To Educate Side Hustlepreneurs Like Herself

Sandy Smith is the undisputed queen of side hustles. This week she gives us everything we need to know and then some about how to get started on a side hustle to get out of debt and save for your future. She runs the website https://yesiamcheap.com/, a personal finance blog dedicated to helping you live your best financial life. She's also the founder of Elevate, a conference aimed at helping Black and Brown folks live better financial lives. There are so many amazing insights in this episode, everything from Amazon, to drop shipping, to figuring out which products to sell. After you're done listening, go to yesiamcheap.com and start reading from top to bottom. Start with this article about side hustles to boost your income during quarantine and beyond. Further reading: A comparison of ETFs and Mutual Funds The Hustle Crew As always, reach out with your questions tobrownambitionpodcast@gmail.comor hit us up on Instagram@brownambitionpodcast

62 minAUG 26
Comments
Ep 231 - Sandy Smith Earned $60k in a Month from Her Side Hustle — Now She's On a Mission To Educate Side Hustlepreneurs Like Herself

Ep 230 - OK, Why is Everyone Obsessed with Forex Trading?

First and foremost we're paying respects to our girl Cici aka The Six Figure Chick. She passed away last week, and we needed to say a word about someone who's spent so much of their life giving and giving and giving. We love you and we'll miss you. And y'all had some great questions for us this week: My job position is unstable, but I have some money saved. I’ve started my own business, and I have credit card debt. Which is a better use for my savings? I want to get into stocks, is there an app you can recommend for beginners? Learn about this and more, and check out the resources below for everything we talked about this week: my2020census.gov magnifymoney.com Robin Hood (for trading stocks) Vanguard Investing What's a Target Date Fund? E-Trade What is Forex Trading? Living Apart Together Find out if/when you can vote early Reach out with your questions tobrownambitionpodcast@gmail.comor hit us up on Instagram@brownambitionpodcast

71 minAUG 19
Comments
Ep 230 - OK, Why is Everyone Obsessed with Forex Trading?

Latest Episodes

Ep 239 - Ownership = Wealth

Before we begin this week, we need to have word about knowing what you're worth. Its Covid and times are tough, but some people (big companies) are acting wild trying to take advantage of people. Also you'll remember awhile back, a listener wrote in asking about draining her 401k to pay off her debt. The BA fam cam through and someone offered to buy a grocery card for her (25:40). Y'all are amazing. Then it's on to your questions. This week we've got: (28:22) I’m shopping for a home, I’m trying to decide if I should take on a renovation project. How do you find a good Reno team that will do a good job and not take advantage of you? (38:12) Is a 529 plan a good way to save for college for my 2 year old granddaughter? (read more about 529's here) Don’t forget about our new merch store.Use the promo code BROWNAMBITION15 to get 15% off your BA swag athttps://brownambitionstore.com/ And please support our sponsors: http://rothys.com/brownambition http://betterhelp.com/brownambition– Special offer for Brown Ambition listeners, get 10% off your first month http://fiverr.com– Receive 10% off your first order by using our code BrownAmbition

54 min3 d ago
Comments
Ep 239 - Ownership = Wealth

Is it Time to Get a Financial Advisor?

Election time is approaching (and we're not going to shut up about it)! Are you registered? Do you have a plan? Do you have a plan B? Let's DO THIS. If there was a time to be extra, that time is now. Talk to your family and friends and do everything you can so we might be able to breathe some sigh of relief in a month or so. Aaaaaaanyway... We're back to answer your questions this week, and we got some juicy ones like: (19:00) My husband are looking to be first time homebuyers and we have some different ideas about how to get educated, is there a such thing as a home buying adviser? (27:40) My husband wants to invest our emergency fund, but I want to keep it liquid, what's the best thing to do? Also check out this essay that mentions Brown Ambition! And don’t forget about our new merch store.Use the promo code BROWNAMBITION15 to get 15% off your BA swag athttps://brownambitionstore.com/ And please support our sponsors: http://rothys.com/brownambition http://betterhelp.com/brownambi...

50 min1 w ago
Comments
Is it Time to Get a Financial Advisor?

Ep 237 - The Devil Has No New Tricks

The rona invades The White House, Mandi's getting relatives to vote, and Miss Mali More's getting animated! We're doing what we can to smile right now because LORDT. And we're back to answering your money questions and we got some big ones this week... (26:50) I've never bought stock before and my employer is offering an employee discount on their stock. Should I buy some and how much? (34:22) I've got a lot of debt, some money in savings, and some money in a 401k. Does it make sense to just wipe out my debt now? And don’t forget about our new merch store.Use the promo code BROWNAMBITION15 to get 15% off your BA swag athttps://brownambitionstore.com/ Shout out to our wonderful sponsors: http://rothys.com/brownambition http://betterhelp.com/brownambition– Special offer for Brown Ambition listeners, get 10% off your first month http://fiverr.com– Receive 10% off your first order by using our code BrownAmbition Check out the links below for more resources: Mali More Employee Stock P...

53 min2 w ago
Comments
Ep 237 - The Devil Has No New Tricks

Ep 236 - We Asked The Money Coach

This week we're back with another interview. We got to talk with Lynnette Khalfani-Cox, The Money Coach. She is a personal finance expert, speaker, and author of 15 money-management books, including the New York Times bestseller Zero Debt: The Ultimate Guide to Financial Freedom. We talked to her about how she's slowly building her real estate empire. You'll hear: Buying a property with a recourse mortgage (37:25) What it's like to manage the paperwork and logistics when you have multiple tenants in the same property? (40:16) Staying diversified, how to think about investments like stocks versus real estate (49:07) The link between age and risk tolerance (59:17) We love Lynnette so much and we were honored to have her back on the show! And don't forget about our new merch store. Use the promo code BROWNAMBITION15 to get 15% off your BA swag at https://brownambitionstore.com/ Shout out to our wonderful sponsors: http://rothys.com/brownambition http://betterhelp.com/brownambition– Sp...

69 min3 w ago
Comments
Ep 236 - We Asked The Money Coach

Ep 235 - Day One, or One Day?

Hey, Hey, Hey —WE HAVE A MERCH STORE. Get your BA swag at last here: https://brownambitionstore.com/ To score 15% off your order, use the promo code BROWNAMBITION15 -- On today's show, the 2020 hits keep on coming. We're all grieving the death of the Notorious RBG — Ruth Bader Ginsburg. No one knows for sure what this this means for the future, but we do know that we need y'all to VOTE. Make sure you're registered, make a plan, and ask your friends to do the same. Presidential elections matter, but your local elections do too. Get informed and do the thing! Here's how. We've done some amazing interviews these last few weeks. But this week we're back to answering your questions. Just remember, we're your financial girlfriends, not your gurus. (20:30) Interest is super low on savings right now, should I take some of my savings out of the bank and put it into investments? (27:10) Should I have a Pre Tax 401k, or a Roth 401k? Is it a good idea to have both? (31:30) I'm 41 years old and I've never invested, where should I start? (36:45) I have lots of credit card debt, and a big lump sum of money coming in from a freelance job. How I should I use that money to pay my debt down? We need your help. The company Printful is who we've decided to get our merch from. We like their stuff very much, but they have a diversity problem in their choices of models. Mandi's made a feature request on the platform to have more women of color represented, and we need your help! You can go upvote Mandi's feature request. You do need to make a Printful account to do it, but it's a fast and simple process, shouldn't take more than a minute or so. Once you're signed in, you can find Mandi's feature request here. Shout out to our wonderful sponsors: http://rothys.com/brownambition http://betterhelp.com/brownambition - Special offer for Brown Ambition listeners, get 10% off your first month http://fiverr.com - Receive 10% off your first order by using our code BrownAmbition Further reading: 19 families buy nearly 97 acres of land in Georgia to create a city safe for Black people Noodle Budget 101 Index Funds vs. Mutual Funds: The Differences That Matter How Does a Simplified Employee Pension (SEP) IRA Work?

59 minSEP 23
Comments
Ep 235 - Day One, or One Day?

Ep 234 - 5 Years of Brown Ambition! (Plus Coronavirus Coping Strategies w/ Mental Health Expert Dr. Imani Walker)

Happy 5th anniversary to us...and all of you! We couldn't do this show without you, and we are so proud of this body of work. Whether you've been here say day 1 or you just subscribed this week, we are so grateful for your support. Today, we are walking down memory lane and chatting about some of our iconic episodes (Mouse in the House, anyone?!). Then, we're joined by a VERY special guest — Dr. Imani Walker from Bravo's Married to Medicine. She's here to give us some SOLID tips for staying sane during this quarantine, since it doesn't look like we'll be getting out any time soon. We're going to talk about: What is doomscrolling, and why should you stop? (39:20) What's the connection between the toilet paper shortage and anti-maskers? (41:40) What are the things we can do to bring back a sense of normalcy and control in our lives? (45:38) How do we learn to give ourselves a break? (51:15) The value of Black folks talking so openly about therapy (1:01:39) Why do we love our destruct...

75 minSEP 16
Comments
Ep 234 - 5 Years of Brown Ambition! (Plus Coronavirus Coping Strategies w/ Mental Health Expert Dr. Imani Walker)

Ep 233 - Do You Have a Minority Mindset?

We're thrilled to bring you another interview this week! We're joined by Jaspreet Singh of The Minority Mindset. Like Tiffany, Jaspreet's story started with him falling victim to a scam (19:27). But he didn't let that stop him and he's now built The Minority Mindset into a YouTube channel with over 650,000 subscribers, a popular newsletter, and more. Jaspreet has SO much wisdom to share, and we're all so lucky to learn from him this week. We'll talk about: What does it mean to have a "minority mindset" (its not what you might think) (11:52) What actually is passive income, and where can we start? (31:20) What's a stock dividend? (35:24) What's the right mindset for getting into the stock market? (37:29) And where does Jaspreet go to get educated? (40:22) We have more exciting interviews coming up over the next weeks and months, we can't wait to share them with you! In the meantime, send your questions tobrownambitionpodcast@gmail.comor hit us up on Instagram@brownambitionpodcast Further reading/resources: Seeking Alpha Yahoo Finance Trump Tells Agencies To End Trainings On 'White Privilege' And 'Critical Race Theory'

66 minSEP 9
Comments
Ep 233 - Do You Have a Minority Mindset?

Ep 232 - They Don't Want Us To Know This

Mandi's building a she shed (2:38), we honor the life of our King T'Challa (6:34), and Tiffany has an update on her home appraisal fiasco (28:43). At it's core, our goal with this show is to give y'all knowledge to empower yourselves. This is stuff lots of powerful people have a vested interest in us not knowing. The revolution is to play their game and play it for YOURSELF (26:45). And the questions we're answering this week focus on podcasting! We feel like we've done pretty okay at the whole podcasting thing, so we thought we'd answer some questions from folks about how our podcast is made and how other people might go about making one of their own. (42:55) - How do you get your podcast on Apple Podcasts? Libsyn - for podcast hosting iTunes Connect - for getting your show on Apple Podcasts (45:35) - how much of your conversation gets edited out of your podcast? (49:30) - how much of a time commitment is your show? (50:18) - how long does it take to edit your show? (52:42) - how much did you pay to start your podcast? Canva - for logo and graphics making Audacity - for editing and mixing Blue Yeti - a very common podcasting mic that lots of people (including us!) use (55:13) - how do you get ads? Further reading: New York Times report on racism in home appraisals Debra Kamin tweets about Tiffany's appraisal Apple and Tesla Stock Splits Robinhood Snacks Newsletter Minority Mindset Newsletter What's a Stock Dividend? As always, reach out with your questions tobrownambitionpodcast@gmail.comor hit us up on Instagram@brownambitionpodcast

74 minSEP 2
Comments
Ep 232 - They Don't Want Us To Know This

Ep 231 - Sandy Smith Earned $60k in a Month from Her Side Hustle — Now She's On a Mission To Educate Side Hustlepreneurs Like Herself

Sandy Smith is the undisputed queen of side hustles. This week she gives us everything we need to know and then some about how to get started on a side hustle to get out of debt and save for your future. She runs the website https://yesiamcheap.com/, a personal finance blog dedicated to helping you live your best financial life. She's also the founder of Elevate, a conference aimed at helping Black and Brown folks live better financial lives. There are so many amazing insights in this episode, everything from Amazon, to drop shipping, to figuring out which products to sell. After you're done listening, go to yesiamcheap.com and start reading from top to bottom. Start with this article about side hustles to boost your income during quarantine and beyond. Further reading: A comparison of ETFs and Mutual Funds The Hustle Crew As always, reach out with your questions tobrownambitionpodcast@gmail.comor hit us up on Instagram@brownambitionpodcast

62 minAUG 26
Comments
Ep 231 - Sandy Smith Earned $60k in a Month from Her Side Hustle — Now She's On a Mission To Educate Side Hustlepreneurs Like Herself

Ep 230 - OK, Why is Everyone Obsessed with Forex Trading?

First and foremost we're paying respects to our girl Cici aka The Six Figure Chick. She passed away last week, and we needed to say a word about someone who's spent so much of their life giving and giving and giving. We love you and we'll miss you. And y'all had some great questions for us this week: My job position is unstable, but I have some money saved. I’ve started my own business, and I have credit card debt. Which is a better use for my savings? I want to get into stocks, is there an app you can recommend for beginners? Learn about this and more, and check out the resources below for everything we talked about this week: my2020census.gov magnifymoney.com Robin Hood (for trading stocks) Vanguard Investing What's a Target Date Fund? E-Trade What is Forex Trading? Living Apart Together Find out if/when you can vote early Reach out with your questions tobrownambitionpodcast@gmail.comor hit us up on Instagram@brownambitionpodcast

71 minAUG 19
Comments
Ep 230 - OK, Why is Everyone Obsessed with Forex Trading?
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