211 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 239 - Ownership = Wealth

    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 at https://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 min
    Is it Time to Get a Financial Advisor?

    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 at https://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

    And for more info on the SARS Police in Nigeria, you can read up on them here

    • 50 min
    Ep 237 - The Devil Has No New Tricks

    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 at https://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 Purchase Plans
    The Noodle Budget
    Magnify Money's List of Banks Offering Covid Relief
    Covid Relief for Retirement Plans

    • 54 min
    Ep 236 - We Asked The Money Coach

    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 – 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

    • 1 hr 9 min
    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

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