207 episodes

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."

Brown Ambition Mandi Woodruff and Tiffany Aliche

    • Careers

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."

    Ep 235 - Day One, or One Day?

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

    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 destructive habits so much? (1:06:45)


    It was an honor to have Dr. Imani on the show, and we hope you got something out of it like we did. To learn more about her, check out:
    https://doctor-imani.com/
    https://imanistateofmind.com/podcast/
    https://www.bravotv.com/married-to-medicine
    https://www.instagram.com/doctor.imani/?hl=en
    As always, reach out with your questions to brownambitionpodcast@gmail.com or hit us up on Instagram @brownambitionpodcast

    • 1 hr 15 min
    Ep 233 - Do You Have a Minority Mindset?

    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 to brownambitionpodcast@gmail.com or 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'

    • 1 hr 6 min
    Ep 232 - They Don't Want Us To Know This

    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 to brownambitionpodcast@gmail.com or hit us up on Instagram @brownambitionpodcast

    • 1 hr 14 min
    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 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 to brownambitionpodcast@gmail.com or hit us up on Instagram @brownambitionpodcast

    • 1 hr 2 min
    Ep 230 - OK, Why is Everyone Obsessed with Forex Trading?

    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 to brownambitionpodcast@gmail.com or hit us up on Instagram @brownambitionpodcast

    • 1 hr 11 min

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