1 00:00:00,000 --> 00:00:02,840 >> Dr. Darla Bishop: And it's. It's also easy. I think it's 2 00:00:02,840 --> 00:00:05,720 easier to listen to someone who starts with love, right? I always 3 00:00:05,720 --> 00:00:08,680 start with love. Instead of like, I can't believe you made 4 00:00:08,680 --> 00:00:11,600 that choice. Like the books, right? The full 5 00:00:11,600 --> 00:00:14,560 circle going back to the earlier in this conversation, like, instead of 6 00:00:14,560 --> 00:00:17,480 me, like, I can't believe you got into credit card debt. I can't believe you took out 7 00:00:17,480 --> 00:00:20,440 that kind of loan. I can't believe you chose that apartment. It's so expensive. It's like, 8 00:00:20,440 --> 00:00:23,120 oh, well, why'd you choose that? Okay, what made you make that decision 9 00:00:23,760 --> 00:00:26,720 is that is this choice hurting other things 10 00:00:26,720 --> 00:00:29,520 in your life? And how do we make the adjustment? Like, starting with love, 11 00:00:29,840 --> 00:00:31,910 and that makes a big difference. And people 12 00:00:32,620 --> 00:00:33,820 willingness to listen. 13 00:00:36,700 --> 00:00:39,540 >> Anthony: Welcome back, everybody, to another exciting show of the about 14 00:00:39,540 --> 00:00:42,140 that Wallet podcast, where we help the sandwich 15 00:00:42,140 --> 00:00:45,100 generation build strong financial habits where 16 00:00:45,100 --> 00:00:47,940 they can spend money, talk about money, 17 00:00:47,940 --> 00:00:50,540 and even enjoy their money with confidence. 18 00:00:50,700 --> 00:00:53,700 Today I have somebody who has been doing such 19 00:00:53,700 --> 00:00:56,700 an amazing job, even came up with a book on how 20 00:00:56,700 --> 00:00:59,660 to afford everything. And you know what, you 21 00:00:59,660 --> 00:01:02,220 sandwich generation folks, it is very 22 00:01:03,060 --> 00:01:05,980 important that you know that 23 00:01:05,980 --> 00:01:08,940 it is tight with your money, dealing with your kids, 24 00:01:08,940 --> 00:01:11,940 and also dealing with your parents. And the person I have 25 00:01:11,940 --> 00:01:14,900 in on today is Dr. Dollar Bishop. How 26 00:01:14,900 --> 00:01:15,540 you doing today? 27 00:01:16,980 --> 00:01:19,540 >> Dr. Darla Bishop: I'm excellent. I'm so excited to talk with you. 28 00:01:19,860 --> 00:01:22,740 You know, in the pre show, we talked about how we were at Fincon together this, 29 00:01:22,780 --> 00:01:25,380 um, in 2024, and how I'm just super 30 00:01:25,540 --> 00:01:28,260 thrilled to be with you today. Thank you for having me. 31 00:01:28,760 --> 00:01:30,600 >> Anthony: No problem. Are you going to fincon this year? 32 00:01:30,840 --> 00:01:33,840 >> Dr. Darla Bishop: Yes, I bought my ticket. I've been watching, um, 33 00:01:33,840 --> 00:01:36,660 flights, but I think it's too early to buy. Um, 34 00:01:36,660 --> 00:01:39,640 I'm really trying to get a speaking gig so that way the trip can be 35 00:01:39,720 --> 00:01:42,040 funded slash sponsored by somebody else. 36 00:01:42,120 --> 00:01:42,920 >> Anthony: I know, right? 37 00:01:43,320 --> 00:01:46,120 >> Dr. Darla Bishop: One of the ways to afford everything. Okay, there you go. 38 00:01:46,280 --> 00:01:48,920 >> Anthony: It's, uh, it's not what they say. It's not who 39 00:01:49,080 --> 00:01:51,320 me, it's not what, not how, but who 40 00:01:51,800 --> 00:01:54,760 to figure out. Because I'm trying to do the same thing. And I was like, 41 00:01:54,760 --> 00:01:57,560 if I become a speaker, I'm like, who is going to sponsor my slides? 42 00:01:58,020 --> 00:02:00,820 Like, I want to put their. Their branding across the slides. Like, 43 00:02:01,140 --> 00:02:02,260 we can make this work. 44 00:02:02,820 --> 00:02:05,740 >> Dr. Darla Bishop: Yes. And like, my mama gonna be mad when I say this, but I'm 45 00:02:05,740 --> 00:02:08,660 for sale. Dr. Darla Bishop is for sale. 46 00:02:09,140 --> 00:02:09,940 Sponsor me. 47 00:02:11,700 --> 00:02:14,620 >> Anthony: That's how we gonna start this show off. Okay, so she's up 48 00:02:14,620 --> 00:02:15,220 for sale. 49 00:02:15,350 --> 00:02:18,300 Um, but one of the things so you come 50 00:02:18,300 --> 00:02:21,260 up with the title, such a bold title on how 51 00:02:21,260 --> 00:02:24,140 to afford everything. Uh, what was the 52 00:02:24,140 --> 00:02:26,900 idea behind it, and what do you hope people to get away from it? 53 00:02:27,570 --> 00:02:30,410 >> Dr. Darla Bishop: Yeah, that's exactly it. I wanted to make a bold promise to 54 00:02:30,410 --> 00:02:32,970 readers because I really 55 00:02:32,970 --> 00:02:35,650 wanted people who were either 56 00:02:35,650 --> 00:02:38,570 scared to pick up a book about money or who 57 00:02:38,570 --> 00:02:41,410 had previously been hurt by a book about money 58 00:02:42,210 --> 00:02:44,450 to pick this one up. And 59 00:02:45,250 --> 00:02:47,810 if you've ever worked on a big project, you know, 60 00:02:47,970 --> 00:02:50,770 like, when it came to this book, I was waiting 61 00:02:50,770 --> 00:02:53,770 for the book to tell me its title, right? 62 00:02:53,770 --> 00:02:56,370 I was like, okay, we're working through the chapter. I had a great editor. 63 00:02:56,610 --> 00:02:59,550 We were working through the chapters one by one. She's like, okay, 64 00:02:59,550 --> 00:03:02,510 we got to start working on the COVID art. Uh, what's the title going to be? I'm 65 00:03:02,510 --> 00:03:04,910 like, I'm waiting for the book to tell us. I'm waiting for the book to tell us. 66 00:03:05,310 --> 00:03:08,310 And the book didn't quite tell us. She was like, well, I need you to tell 67 00:03:08,310 --> 00:03:09,790 me, because we got to make this cover. 68 00:03:11,070 --> 00:03:13,910 And so I just, like, got real quiet one day and 69 00:03:13,910 --> 00:03:16,910 thought, well, what. What is the promise of this book? 70 00:03:17,390 --> 00:03:20,310 What is it that I want people to see when they see the 71 00:03:20,310 --> 00:03:22,510 COVID and think about. 72 00:03:23,070 --> 00:03:26,070 And I thought about all the conversations I had had with 73 00:03:26,070 --> 00:03:28,110 friends, family, co workers, 74 00:03:28,830 --> 00:03:31,570 people on the street who, like, let me get in business a little 75 00:03:31,570 --> 00:03:34,570 bit. And so much of what would come up is 76 00:03:34,570 --> 00:03:37,290 like, I just want to know how to afford everything. Like, I just want to know how to 77 00:03:37,610 --> 00:03:40,410 do. I just want to know how to. But that everything 78 00:03:40,570 --> 00:03:43,450 wasn't like yachts and trips to Bali 79 00:03:43,450 --> 00:03:46,370 for some. A couple people, it was. But it was like, I want to just 80 00:03:46,370 --> 00:03:49,370 be able to put the bills on autopay. I want to be able to. When 81 00:03:49,370 --> 00:03:52,370 my kid is at the store and they ask for something that I 82 00:03:52,370 --> 00:03:55,370 want them to have to be able to say, yes. When my mom 83 00:03:55,450 --> 00:03:58,450 or my auntie or my uncle has a small 84 00:03:58,450 --> 00:04:01,330 problem that a little bit of money could solve, I want to just be able to 85 00:04:01,330 --> 00:04:04,010 solve the problem. Like, I just want to be able to do everything. 86 00:04:04,170 --> 00:04:07,170 And I was like, you know what? That's. That's the title. 87 00:04:07,170 --> 00:04:10,090 How to afford everything. Because everything for you 88 00:04:10,090 --> 00:04:12,930 right now might be as simple as, I just want to be able to put these bills on 89 00:04:12,930 --> 00:04:13,530 auto pay. 90 00:04:14,490 --> 00:04:17,290 >> Anthony: Yeah. I mean, sometimes even just getting to that level, 91 00:04:18,090 --> 00:04:21,090 it's a lot. And I like that the title is 92 00:04:21,090 --> 00:04:24,010 so bold that you actually providing a way, 93 00:04:24,010 --> 00:04:25,690 like, hey, you can actually do this. 94 00:04:26,350 --> 00:04:29,210 Um, so you also mentioned that you read over, like, a hundred 95 00:04:29,530 --> 00:04:31,930 books in finances. So 96 00:04:32,410 --> 00:04:35,210 what were the, like, the major things behind that? Like, what 97 00:04:35,210 --> 00:04:37,730 even drove you to even do that many books in 98 00:04:37,730 --> 00:04:38,330 finance? 99 00:04:38,810 --> 00:04:41,770 >> Dr. Darla Bishop: Yeah, so I did. I think the last count. I'm up to, like, 100 00:04:41,770 --> 00:04:44,690 140something now, because it's. Now it's also just 101 00:04:44,690 --> 00:04:47,610 my favorite thing to read. Um, what 102 00:04:47,610 --> 00:04:50,090 really got me started is when I went to college, 103 00:04:50,410 --> 00:04:53,370 I got there on a prayer and a scholarship, not because I wasn't 104 00:04:53,370 --> 00:04:56,330 smart. Oh, I'm smart. Okay. Like, I have a whole doctorate to 105 00:04:56,330 --> 00:04:59,170 prove, in case you ever wondered if I'm smart. But 106 00:04:59,490 --> 00:05:02,010 we had so many family things going on that 107 00:05:02,010 --> 00:05:04,930 financially, I wasn't sure I could even 108 00:05:05,090 --> 00:05:08,010 physically get to school by the day I needed to be there. Although I 109 00:05:08,010 --> 00:05:09,810 had a scholarship and although I had, 110 00:05:10,530 --> 00:05:13,210 um, the acceptance and the dorm 111 00:05:13,210 --> 00:05:16,170 assigned to me, it was like, can I even get a ride? Can I 112 00:05:16,170 --> 00:05:18,980 physically get to school on the day 113 00:05:18,980 --> 00:05:21,860 I'm supposed to be there? Because I don't even know if we have the money 114 00:05:21,860 --> 00:05:24,660 for that, right? And I. And. But then I 115 00:05:24,660 --> 00:05:27,620 had classmates who had parents who, during the 116 00:05:27,620 --> 00:05:30,300 move in, were with us the whole week, 117 00:05:30,700 --> 00:05:33,580 taking us to dinner, you know, make. 118 00:05:33,580 --> 00:05:36,340 Asking us all about our lives, you know, 119 00:05:36,340 --> 00:05:39,340 taking us to the big box store and like, oh, get whatever 120 00:05:39,340 --> 00:05:42,220 you need. Um, and I had a classmate with a Range 121 00:05:42,220 --> 00:05:45,190 Rover, and I was like, okay, their lives are 122 00:05:45,190 --> 00:05:48,110 completely different than mine. I barely made it to 123 00:05:48,110 --> 00:05:50,230 school by the day I needed to be here. 124 00:05:51,270 --> 00:05:54,230 And their parents dropped them off with their Range 125 00:05:54,230 --> 00:05:56,630 Rover and writing checks for tuition, 126 00:05:57,350 --> 00:06:00,270 and I'm here with them. And so I 127 00:06:00,270 --> 00:06:02,470 just got to learn the money part because I'm at smart, 128 00:06:02,790 --> 00:06:05,710 possibly even smarter than these kids, because 129 00:06:05,710 --> 00:06:08,510 I had to navigate a whole bunch of other stuff to get here 130 00:06:08,510 --> 00:06:11,510 at this educational institution. And so I can learn the 131 00:06:11,510 --> 00:06:14,390 money part. And let me tell you, as a poor kid, we spent a lot of time in the 132 00:06:14,390 --> 00:06:17,250 library. So me and the library go. Go together 133 00:06:17,330 --> 00:06:20,250 real bad. So I was like, there got to be a book about this. There's a book 134 00:06:20,250 --> 00:06:23,250 about everything. So I went. And that campus 135 00:06:23,250 --> 00:06:26,130 had seven libraries. Plus, because we. If you lived 136 00:06:26,130 --> 00:06:29,010 on campus, you also had access to the city library. 137 00:06:29,010 --> 00:06:31,650 I was like, I got access to seven, eight libraries. 138 00:06:32,050 --> 00:06:34,770 So I started checking out books about 139 00:06:34,770 --> 00:06:37,690 money. I think one of the first books I read was Girl, get 140 00:06:37,690 --> 00:06:40,690 your credit straight. And, like, I didn't even have any credit, but I was like, 141 00:06:40,690 --> 00:06:43,470 it's a black author, is a black author. 142 00:06:44,030 --> 00:06:46,870 Michelle Singletary wrote the. You know, the comment 143 00:06:46,870 --> 00:06:49,790 on the back, And I was like, she's huge. She walked. She writes money 144 00:06:49,790 --> 00:06:52,430 columns for the Washington Post, a national newspaper. 145 00:06:52,990 --> 00:06:55,750 Like, let me read this book. I think I read Personal Finance for 146 00:06:55,750 --> 00:06:58,630 Dummies. And then Susie Orman was big at that 147 00:06:58,630 --> 00:07:01,550 time. So I was like, oh, Susie Orman is my girl. 148 00:07:01,630 --> 00:07:04,030 And so I just kept reading books because one, 149 00:07:04,430 --> 00:07:06,750 every book had a slightly different 150 00:07:06,910 --> 00:07:09,720 angle and a slightly different order 151 00:07:09,880 --> 00:07:12,840 and a slightly different set of stories and examples. 152 00:07:13,560 --> 00:07:16,520 And one of the things that drove me to read so many 153 00:07:16,680 --> 00:07:19,160 is so none of them 154 00:07:19,640 --> 00:07:22,520 had what I needed. So I kept looking for what I needed. 155 00:07:22,600 --> 00:07:25,520 I was looking for a book that would tell 156 00:07:25,520 --> 00:07:28,360 me how to contribute to my family at home 157 00:07:28,440 --> 00:07:31,360 because I was contributing to my family back home. How 158 00:07:31,360 --> 00:07:34,200 could I do that and secure my own future 159 00:07:34,680 --> 00:07:37,390 without like, um, without 160 00:07:37,390 --> 00:07:40,390 saying no to them or myself? Like, how could I do both? 161 00:07:40,390 --> 00:07:43,190 And none of the books told me how to do that. The other 162 00:07:43,190 --> 00:07:46,030 thing is a lot of the books talk to me bad. 163 00:07:46,030 --> 00:07:48,670 Like I picked up, I, I took my time, I went to the far 164 00:07:48,670 --> 00:07:51,310 library, I put this book on hold, 165 00:07:51,470 --> 00:07:54,390 it finally became available. I get the book. I'm excited to 166 00:07:54,390 --> 00:07:57,270 finally read it because I've been waiting and one of the first things you tell me 167 00:07:57,270 --> 00:08:00,270 is I'm stupid, I'm dumb, I made bad choices. And I'm like, hold up, 168 00:08:02,190 --> 00:08:04,750 that's not, that's actually not my reality. 169 00:08:05,150 --> 00:08:07,070 I'm out here doing the work, 170 00:08:08,270 --> 00:08:11,270 literally and figuratively to figure money out and you want to talk 171 00:08:11,270 --> 00:08:13,950 bad to me? And I was like, mhm. I'm going to write a book 172 00:08:13,950 --> 00:08:16,790 that has that love in it 173 00:08:16,790 --> 00:08:19,470 and that celebrates wherever 174 00:08:19,950 --> 00:08:22,910 it, whatever it took you to get to the point of picking up a book 175 00:08:22,910 --> 00:08:25,310 or listening to this podcast because 176 00:08:25,710 --> 00:08:28,630 I didn't like books made me mad. I would still read 177 00:08:28,630 --> 00:08:31,230 it, but I would be mad as I was reading it. Like, don't talk to me like this. 178 00:08:31,390 --> 00:08:32,590 Don't nobody talk to me like this. 179 00:08:32,590 --> 00:08:35,370 >> Anthony: You don't talk to me like this. You know who I am. Like 180 00:08:36,170 --> 00:08:38,650 you don't know me, you don't know where I came from. 181 00:08:39,370 --> 00:08:42,090 So um, but having that ah, understanding 182 00:08:42,490 --> 00:08:45,450 of what the love and care for the people. Because 183 00:08:46,090 --> 00:08:48,730 you know, I grew up in the Pirates neighborhood as well 184 00:08:48,890 --> 00:08:51,690 and figuring things out is interesting, 185 00:08:52,080 --> 00:08:54,730 uh, because we had to, you know, with the bare minimum. 186 00:08:54,970 --> 00:08:57,770 And it's funny that I can thrive in any 187 00:08:57,770 --> 00:09:00,170 environment. Like if we just say like, hey, 188 00:09:00,720 --> 00:09:03,480 as a leader who, you know, when you switch 189 00:09:03,480 --> 00:09:06,400 jobs, they'd be like, hey, well we're just going to throw you in this pile. We're 190 00:09:06,400 --> 00:09:08,720 just going to Give you everything that we don't feel like dealing with. 191 00:09:09,280 --> 00:09:12,080 I'm like, cool. I pretty it up, make it 192 00:09:12,080 --> 00:09:15,040 look good, send it back, automate everything 193 00:09:15,040 --> 00:09:17,880 because I don't feel like doing it myself. And then they 194 00:09:17,880 --> 00:09:20,640 was like, well, good job paddling back, 195 00:09:20,640 --> 00:09:22,400 maybe get 25 cent raise. 196 00:09:23,200 --> 00:09:26,080 Okay. But I don't get upset with the raised part. 197 00:09:26,460 --> 00:09:29,460 I was like, at least I learned a new skill, move 198 00:09:29,460 --> 00:09:30,540 on to that next level. 199 00:09:31,100 --> 00:09:34,100 And it seems as though you took a lot of 200 00:09:34,100 --> 00:09:36,300 this information that you've gained 201 00:09:37,020 --> 00:09:39,980 and try to, not try to, but you actually 202 00:09:40,060 --> 00:09:42,900 did turn this into a medium that 203 00:09:42,900 --> 00:09:45,500 is something that people can actually gravitate towards 204 00:09:45,980 --> 00:09:48,620 and actually build from your experiences 205 00:09:48,620 --> 00:09:51,260 to take themselves to the next level. 206 00:09:51,740 --> 00:09:54,700 So like, how has your parents 207 00:09:55,580 --> 00:09:58,580 like help with, I guess you could say 208 00:09:58,580 --> 00:10:01,580 the, the drive for everything that 209 00:10:01,580 --> 00:10:02,300 you're doing today? 210 00:10:03,580 --> 00:10:05,660 >> Dr. Darla Bishop: Yeah, I mean part of it was, 211 00:10:06,380 --> 00:10:09,100 I remember thinking it shouldn't take this many books. 212 00:10:09,340 --> 00:10:12,260 It should not take this many books. Like, and I, 213 00:10:12,260 --> 00:10:15,020 I love to read, right? Like reading and now 214 00:10:15,020 --> 00:10:17,420 listening to audiobooks and listening. I love 215 00:10:17,500 --> 00:10:20,140 consuming new information and learning things. 216 00:10:20,780 --> 00:10:23,630 But I know it's a lot of people who, if they never had to pick up a book 217 00:10:23,630 --> 00:10:25,990 again in their life, they would be fine. Right? 218 00:10:26,470 --> 00:10:29,378 And so if it really takes you 70, 219 00:10:29,508 --> 00:10:32,270 80, 100 books, are you going to learn the 220 00:10:32,270 --> 00:10:35,190 skill? And so, so what drove me to 221 00:10:35,190 --> 00:10:38,190 do it was really like, maybe I can save 222 00:10:38,190 --> 00:10:41,110 somebody some years and some tears. Maybe if I put all 223 00:10:41,110 --> 00:10:44,110 this information and put it into stories from 224 00:10:44,110 --> 00:10:46,990 my own life. Somebody who needed stories like 225 00:10:46,990 --> 00:10:49,590 this reflected to them along with 226 00:10:49,670 --> 00:10:52,510 the well researched lessons 227 00:10:53,230 --> 00:10:56,150 that they'll be like, oh, I get it now, I 228 00:10:56,150 --> 00:10:58,590 get it now. And my parents, 229 00:10:58,990 --> 00:11:01,390 what I will say is, while we might not have had money, 230 00:11:02,190 --> 00:11:04,990 you know, the women in my family gave me 231 00:11:04,990 --> 00:11:07,830 so many deep, wonderful gifts and 232 00:11:07,830 --> 00:11:09,630 richness in myself. 233 00:11:10,750 --> 00:11:13,670 Like, you know, some people talk about imposter syndrome. I don't even know what that 234 00:11:13,670 --> 00:11:16,510 is. I can barely pronounce it. And 235 00:11:16,830 --> 00:11:19,710 part of that is because from a young age, 236 00:11:19,710 --> 00:11:22,700 from an early part, the, the people in 237 00:11:22,700 --> 00:11:25,620 my life told me, oh baby, you can do anything you want to do. 238 00:11:26,260 --> 00:11:29,060 Follow the rules, watch, pay attention, 239 00:11:29,220 --> 00:11:32,020 be kind and gracious, and that will get you incredibly 240 00:11:32,020 --> 00:11:34,700 far. And they were all right, right? 241 00:11:34,700 --> 00:11:36,980 Like, and if you are. And I remember, 242 00:11:37,460 --> 00:11:40,460 I can't remember what exactly happened, but there was 243 00:11:40,460 --> 00:11:43,460 some situation when I was a young child, I think I, oh, 244 00:11:43,700 --> 00:11:46,620 it came to me. It came to me. I won a contest, I won 245 00:11:46,620 --> 00:11:49,380 an art contest for third graders. And 246 00:11:50,270 --> 00:11:53,070 the, my art was going to be in the Detroit 247 00:11:53,070 --> 00:11:55,070 Institute of Art. This is a world 248 00:11:55,230 --> 00:11:57,420 renowned, um, 249 00:11:58,510 --> 00:12:01,350 art institution, right? Like, it's constantly on the 250 00:12:01,350 --> 00:12:04,350 list of the best art institutions in the world. And I remember 251 00:12:04,350 --> 00:12:07,350 being like, nervous, like, well, why did they pick my picture? I didn't even 252 00:12:07,350 --> 00:12:10,110 think my picture was that good. And my mom told me, 253 00:12:10,270 --> 00:12:12,430 baby, anywhere in this life 254 00:12:13,070 --> 00:12:15,470 that you get invited to that you 255 00:12:16,000 --> 00:12:18,920 accidentally happen on, you're supposed to be there. So 256 00:12:18,920 --> 00:12:21,280 go and be happy and introduce yourself. 257 00:12:21,760 --> 00:12:24,640 And so I've carried that with me everywhere. 258 00:12:24,960 --> 00:12:27,840 And so if we can teach people 259 00:12:27,920 --> 00:12:30,840 at every stage in their life that like, actually if you ended up 260 00:12:30,840 --> 00:12:33,760 somewhere, even if you ended up there by accident, you're supposed to 261 00:12:33,760 --> 00:12:36,640 be there and take advantage. Because, you know, take advantage has two meanings. 262 00:12:36,960 --> 00:12:39,960 Take advantage means to take more than maybe you should, 263 00:12:39,960 --> 00:12:42,160 but it also means to be present 264 00:12:42,840 --> 00:12:45,560 and fully participate in the 265 00:12:45,560 --> 00:12:48,440 experience. So take advantage. 266 00:12:48,920 --> 00:12:51,840 >> Anthony: I like that because it's like how you said we 267 00:12:51,840 --> 00:12:54,680 both went to fincon, but it's like, did we really 268 00:12:54,680 --> 00:12:57,600 take full advantage of what they had to offer? And I 269 00:12:57,600 --> 00:13:00,600 think yes, because obviously we're meeting now. Um, 270 00:13:00,600 --> 00:13:03,400 we taking advantage of the network, we took advantage of 271 00:13:03,800 --> 00:13:05,960 the space branding, 272 00:13:06,440 --> 00:13:09,440 um, getting connections with other financial folks that 273 00:13:09,440 --> 00:13:12,100 we didn't even know were possible or even out there. 274 00:13:12,680 --> 00:13:15,580 Um, shucks. I think 275 00:13:15,580 --> 00:13:18,340 without fincon, I don't think I would have gotten this far 276 00:13:18,340 --> 00:13:21,180 with the podcast. Honestly, I probably would have stopped a long time 277 00:13:21,180 --> 00:13:24,100 ago, but who knows? Um, and 278 00:13:24,340 --> 00:13:27,180 when it comes to taking event, um, Oh, I might 279 00:13:27,180 --> 00:13:29,060 call that the episode title. Like this. 280 00:13:29,060 --> 00:13:31,580 >> Dr. Darla Bishop: Oh, I love it. Yay. The episode told us it's 281 00:13:31,580 --> 00:13:32,660 title, right? 282 00:13:33,290 --> 00:13:36,220 >> Anthony: Uh, because it's like, how do you take advantage 283 00:13:36,220 --> 00:13:39,020 of, like, what does really taking advantage 284 00:13:40,060 --> 00:13:42,820 mean to you? Almost like. But I mean, you already gave me your 285 00:13:42,820 --> 00:13:45,740 answer. But I'm thinking for the person that's listening right now, what does 286 00:13:45,740 --> 00:13:48,700 really taking advantage? Are you really taking advantage of your work, 287 00:13:49,260 --> 00:13:51,580 of your job, of 288 00:13:52,330 --> 00:13:55,220 uh, your living space, of your, your car, 289 00:13:55,220 --> 00:13:57,900 your vehicles, like whatever it is, Are you really taking full 290 00:13:57,900 --> 00:13:58,780 advantage of that? 291 00:13:59,580 --> 00:14:02,540 >> Dr. Darla Bishop: Yeah. Are you making full use? And 292 00:14:02,700 --> 00:14:05,700 one of the things that I've been working to, a part of my 293 00:14:05,700 --> 00:14:08,700 business I've been working to grow is doing financial, well, 294 00:14:10,040 --> 00:14:12,880 talks and workshops at, at employment, 295 00:14:12,880 --> 00:14:15,640 at companies for their employees. Because 296 00:14:15,720 --> 00:14:18,520 what I figured out is even in the company I work 297 00:14:18,520 --> 00:14:21,240 for, people are not taking full advantage 298 00:14:21,240 --> 00:14:24,000 of their benefits, right? They might participate 299 00:14:24,000 --> 00:14:26,840 in their, their health insurance, their life insurance, 300 00:14:27,240 --> 00:14:30,160 they might be doing the, the savings accounts 301 00:14:30,160 --> 00:14:33,160 for, um, you know, child care or 302 00:14:33,240 --> 00:14:35,160 for health. But 303 00:14:36,170 --> 00:14:39,130 many companies, especially if you work For a mid size or larger 304 00:14:39,130 --> 00:14:42,130 company, you have a ton of benefits available to 305 00:14:42,130 --> 00:14:44,970 you that could make your life work smoother, 306 00:14:45,050 --> 00:14:48,010 could reduce your out of pocket costs, could 307 00:14:48,010 --> 00:14:51,010 reduce your tax liability, and it's right there in the 308 00:14:51,010 --> 00:14:53,650 handbook. So are you reading the handbook? Are you 309 00:14:53,650 --> 00:14:56,490 checking when there's changes? Are you making sure that you're 310 00:14:56,490 --> 00:14:59,410 getting the full match? Are you taking advantage of the fact 311 00:14:59,410 --> 00:15:02,410 that when you have the life insurance, you can 312 00:15:02,410 --> 00:15:05,410 get a basic will made through the life insurance company? 313 00:15:05,410 --> 00:15:08,130 Are you taking advantage of the enrollee, I'm sorry, the 314 00:15:08,130 --> 00:15:10,610 employee assistance program. Are you 315 00:15:10,850 --> 00:15:13,650 making full use of the different programs 316 00:15:13,650 --> 00:15:16,610 and discounts that your company has arranged 317 00:15:16,610 --> 00:15:19,610 for you? Because if you're not, did you know you're giving yourself a pay cut that's part of 318 00:15:19,610 --> 00:15:22,530 your compensation? And you not taking full advantage 319 00:15:22,530 --> 00:15:25,490 is almost like giving yourself a pay cut. And do we do 320 00:15:25,490 --> 00:15:26,610 that? I don't think we do that. 321 00:15:26,930 --> 00:15:29,850 >> Anthony: We don't do that enough, I'll say that. Because the cool 322 00:15:29,850 --> 00:15:32,800 thing about the employee assistance program is that, ah, 323 00:15:32,840 --> 00:15:35,560 it renews every year. So if you need 324 00:15:35,560 --> 00:15:38,280 therapy, you can go to therapy that I think they give you 12 325 00:15:38,280 --> 00:15:41,240 sessions. So once a month you go and 326 00:15:41,240 --> 00:15:44,120 then you can just re up next year. Like at least 327 00:15:44,120 --> 00:15:45,320 let me get south. Yeah. 328 00:15:45,480 --> 00:15:48,200 >> Dr. Darla Bishop: And I'm a military spouse and so we move 329 00:15:48,360 --> 00:15:51,160 every. Our average will go up a little bit, but we move every 330 00:15:51,160 --> 00:15:53,920 2.7 years. And so that 331 00:15:53,920 --> 00:15:56,840 means that I have to have all new helpers, right? 332 00:15:56,840 --> 00:15:59,760 I have to get a new therapist sometimes. I have to get a 333 00:15:59,760 --> 00:16:02,560 new hairdresser, I have to find a new nail shop. I have to find new 334 00:16:02,560 --> 00:16:04,900 doctors for myself, for my kids. Kids. 335 00:16:05,300 --> 00:16:07,900 And the amazing thing that the 336 00:16:07,900 --> 00:16:10,660 EAP helps with every time we move is 337 00:16:10,740 --> 00:16:13,740 it gives me a shortcut to a therapist. And a lot 338 00:16:13,740 --> 00:16:16,660 of times I can, through the health insurance I can say, hey, our address 339 00:16:16,660 --> 00:16:19,540 is changing. Could you please help me find a 340 00:16:19,540 --> 00:16:21,860 new primary care doctor for my kids 341 00:16:22,340 --> 00:16:25,220 so that it saves me some of the stress of doing that by 342 00:16:25,220 --> 00:16:28,060 myself? Like I can ask for help. Like, 343 00:16:28,060 --> 00:16:31,060 please give me a list of pediatricians that are in this 344 00:16:31,060 --> 00:16:33,860 zip code that can help with this issue and treat 345 00:16:34,100 --> 00:16:37,000 patients this age. Right. So they're saving me time. 346 00:16:37,000 --> 00:16:39,960 And time, boy, is the most valuable thing we have. 347 00:16:39,960 --> 00:16:42,920 >> Anthony: Okay, yeah, that is true. And we don't have much 348 00:16:42,920 --> 00:16:45,600 of it when you really think about it. 349 00:16:45,970 --> 00:16:48,640 Um, because you know, tomorrow's never promised. So. 350 00:16:48,800 --> 00:16:51,600 But the cool thing about it, at least while we're here, we take like 351 00:16:51,760 --> 00:16:54,000 taking advantage of our time 352 00:16:54,640 --> 00:16:57,640 by doing these things. And this Is awesome. I like 353 00:16:57,640 --> 00:16:57,920 this. 354 00:16:58,470 --> 00:17:00,960 Uh, my mind is going now, but 355 00:17:01,360 --> 00:17:03,920 let's go back to the family thing because, 356 00:17:04,510 --> 00:17:07,459 um, when it comes to. Because a 357 00:17:07,459 --> 00:17:10,339 lot of us, we either dealing with our family, we're dealing with our parents, 358 00:17:10,830 --> 00:17:13,379 um, and I don't have kids, but most people, 359 00:17:13,539 --> 00:17:16,459 like, people who have kids, are dealing with their kids 360 00:17:16,459 --> 00:17:19,139 as well. What is it like, 361 00:17:19,430 --> 00:17:22,019 um, bringing your kids up into this new 362 00:17:22,259 --> 00:17:24,739 you when it comes to the finance side of the house? 363 00:17:25,219 --> 00:17:27,939 >> Dr. Darla Bishop: Oh, we are so intentional about it, because 364 00:17:28,899 --> 00:17:31,880 I know that in my own journey, I 365 00:17:31,880 --> 00:17:34,480 did a lot of reflection on. Okay, what are the 366 00:17:34,480 --> 00:17:37,400 messages and the beliefs that I have in my 367 00:17:37,400 --> 00:17:40,400 brain about money? Which ones have served me 368 00:17:40,400 --> 00:17:43,400 and continue to serve me, and which ones maybe harmed 369 00:17:43,400 --> 00:17:46,359 me or kept me from doing something that would have been good 370 00:17:46,359 --> 00:17:48,720 for me? Like what, what planted fear or 371 00:17:48,720 --> 00:17:51,680 hesitation or. And so we're really 372 00:17:51,680 --> 00:17:54,400 intentional about how we talk about money. And 373 00:17:54,480 --> 00:17:57,480 our kids are, um, now four and six. And so we're also trying 374 00:17:57,480 --> 00:18:00,240 to decide, like, how will money 375 00:18:00,240 --> 00:18:03,180 work in terms of. Are we doing allowance? Is 376 00:18:03,180 --> 00:18:06,140 the allowance going to be based on 377 00:18:06,140 --> 00:18:09,060 certain activities they do in our home, certain activities they do 378 00:18:09,060 --> 00:18:11,980 at school, certain activities they do in the community, 379 00:18:12,620 --> 00:18:15,580 or will it be an allowance with no strings 380 00:18:15,580 --> 00:18:18,259 attached in terms of how they earn it, but maybe strings 381 00:18:18,259 --> 00:18:21,100 attached to how they spend it? So we're really doing a lot 382 00:18:21,100 --> 00:18:23,900 of thought about that because the. 383 00:18:23,900 --> 00:18:26,540 The things that we learned at 18 384 00:18:26,620 --> 00:18:29,220 to 22 while we were in college and 385 00:18:29,220 --> 00:18:32,180 beyond, we're hoping to plant the seeds of those 386 00:18:32,180 --> 00:18:34,930 lessons now and make it age 387 00:18:34,930 --> 00:18:37,930 appropriate and make it fun so that the 388 00:18:37,930 --> 00:18:40,610 relationship that my kids grow up with, money is 389 00:18:40,610 --> 00:18:43,210 one that they would say is healthy 390 00:18:43,450 --> 00:18:46,250 and. And positive. Right? Like, one of the things that I 391 00:18:46,490 --> 00:18:49,409 often ask people I'm working with as a coach is like, if 392 00:18:49,409 --> 00:18:52,050 you had to describe money as a person. Right. 393 00:18:52,050 --> 00:18:54,650 Personify it, how would you describe it? What's their name? 394 00:18:55,290 --> 00:18:57,970 Are they your friend? Are they your friend of me? Are they your 395 00:18:57,970 --> 00:19:00,930 enemy? What things do you do together? What things do 396 00:19:00,930 --> 00:19:03,860 you avoid? Like how? Like, tell me about money as 397 00:19:03,860 --> 00:19:06,700 a person. If they were a person in your life. And 398 00:19:06,700 --> 00:19:09,580 I want my kids to be like, oh, money's my best friend. Money 399 00:19:09,580 --> 00:19:12,540 takes me places I've never been. Money helps me solve 400 00:19:12,540 --> 00:19:15,380 problems. Money helps me spend time with the people I love 401 00:19:15,380 --> 00:19:18,340 most. Like, I want that to be their narrative. And 402 00:19:18,340 --> 00:19:21,140 so we're planting seeds for that. And I, uh. And I think it's 403 00:19:21,140 --> 00:19:23,340 working, actually. The. This morning I dropped my 404 00:19:23,900 --> 00:19:26,660 daughter off for school, and she 405 00:19:26,660 --> 00:19:29,650 noticed. She was like, oh, mommy, did you get new tires? Because I 406 00:19:29,650 --> 00:19:32,530 told her I wanted to get new tires. She was like, did you get them from. 407 00:19:32,530 --> 00:19:35,450 Because she's reading really good. And so she read the name of the 408 00:19:35,450 --> 00:19:38,410 tire. She, oh, did you get them from the store? Because she knows we 409 00:19:38,410 --> 00:19:41,250 have that store right near our neighborhood. I said, oh, actually, no. 410 00:19:41,490 --> 00:19:44,450 That company has a tire store, but they also have a 411 00:19:44,450 --> 00:19:47,330 tire factory, so you can buy the tires from that 412 00:19:47,330 --> 00:19:50,250 tire store or from the factory at different 413 00:19:50,250 --> 00:19:53,170 stores. And she said, oh. So I told her I got it at our 414 00:19:53,170 --> 00:19:56,090 wholesale club. And I'm not saying nobody's names because I don't have 415 00:19:56,090 --> 00:19:58,450 no sponsors. Right. 416 00:19:58,530 --> 00:19:59,570 >> Anthony: Not yet. So. 417 00:20:00,140 --> 00:20:03,020 >> Dr. Darla Bishop: Right. So I told her, oh, I got it from our. The same place we 418 00:20:03,020 --> 00:20:05,980 get our apple juice. And she said, oh, okay. 419 00:20:05,980 --> 00:20:08,740 I said, because they had a coupon, and she knows what coupons 420 00:20:08,740 --> 00:20:11,540 are. I said, so at the tire store. The 421 00:20:11,540 --> 00:20:13,980 tire store, the tires would have cost $100, 422 00:20:14,540 --> 00:20:17,340 but with my coupon, I got it for $80. 423 00:20:17,420 --> 00:20:20,140 She was like, $20. Wow. 424 00:20:20,380 --> 00:20:23,260 That's a big difference, right? And so, like, 425 00:20:23,260 --> 00:20:25,980 working in these small examples 426 00:20:26,460 --> 00:20:29,180 of ways that we use our money and talking about money 427 00:20:29,180 --> 00:20:31,990 openly because, um. And when they ask for 428 00:20:31,990 --> 00:20:34,830 stuff, you know, not to be like, we ain't got it. We don't have no 429 00:20:34,830 --> 00:20:37,790 McDonald's money. We don't have this. No, you can't have it. That's 430 00:20:37,790 --> 00:20:40,470 too expensive to just be, like, to say, well, 431 00:20:40,630 --> 00:20:43,510 thank you for telling me you want that toy. That's not what we came to the 432 00:20:43,510 --> 00:20:46,509 store for. Remember, we came for flash. We came for trash 433 00:20:46,509 --> 00:20:49,310 bags and light bulbs. Is that a trash bag or a light 434 00:20:49,310 --> 00:20:52,150 bulb? It's not. Okay, then. That's not why we're at the store today. 435 00:20:52,150 --> 00:20:55,030 Right? And so how we talk about 436 00:20:55,030 --> 00:20:57,910 money, we're very intentional about it because 437 00:20:58,820 --> 00:21:01,780 we. We want the kids to also have language for it. 438 00:21:02,340 --> 00:21:05,230 >> Anthony: That is good that you guys are doing that, uh, 439 00:21:05,230 --> 00:21:07,460 for your child and for your children, actually. 440 00:21:08,180 --> 00:21:11,140 But how is that conversation happening now with your 441 00:21:11,140 --> 00:21:14,020 parents? Are they, like, listening to you now or you still got 442 00:21:14,180 --> 00:21:15,380 the diaper syndrome? 443 00:21:15,620 --> 00:21:18,460 >> Dr. Darla Bishop: Oh, no, the. Um. Luckily, my 444 00:21:18,460 --> 00:21:21,220 mom has been a pretty good 445 00:21:21,220 --> 00:21:23,140 listener for, I would say, the last, 446 00:21:23,940 --> 00:21:26,780 like, 15 or 20 years, she's been a pretty good 447 00:21:26,780 --> 00:21:29,300 listener about money. Right? And, 448 00:21:29,690 --> 00:21:32,340 um, like, we actually, when I was in 449 00:21:32,500 --> 00:21:35,340 graduate school, I put her on a budget. I was 450 00:21:35,340 --> 00:21:38,260 like, mom, you need to be on a budget. Like, you. 451 00:21:38,340 --> 00:21:41,300 You are on a budget. You don't realize that, but you don't behave 452 00:21:41,300 --> 00:21:44,180 that way. So we. We made a money plan for her. 453 00:21:44,580 --> 00:21:47,300 And she followed it, and things 454 00:21:47,460 --> 00:21:50,380 ran pretty smoothly on the plan that I made for her. And then when 455 00:21:50,380 --> 00:21:53,100 my siblings got of age and went to 456 00:21:53,100 --> 00:21:55,620 college and. And like, I also put. I put everybody. 457 00:21:55,620 --> 00:21:58,260 Everybody's on a plan. Everybody's on the plan. 458 00:21:58,660 --> 00:22:01,660 And I was really selfish. It was really a selfish 459 00:22:01,660 --> 00:22:04,640 end. Right. 1. It was me kind of like 460 00:22:04,640 --> 00:22:07,640 testing that I actually knew what I was talking about. Because, you know, you 461 00:22:07,640 --> 00:22:10,400 can do stuff for yourself, but that doesn't mean you can teach other people how to do it. Right. 462 00:22:10,880 --> 00:22:13,480 But also, too, is my goal was to have none of them 463 00:22:13,480 --> 00:22:15,920 suckers living in my basement. They are welcome. 464 00:22:17,840 --> 00:22:20,560 They are welcome. There is space. 465 00:22:21,040 --> 00:22:24,000 If something truly happened, I, um, of course 466 00:22:24,240 --> 00:22:27,160 will care for my family and help them make the 467 00:22:27,160 --> 00:22:30,160 adjustments they need to make. And my goal is that they 468 00:22:30,160 --> 00:22:33,120 don't ever need to pull that lever. Right. And so 469 00:22:33,810 --> 00:22:36,770 luckily, my sister listened very good. My brother listened 470 00:22:36,770 --> 00:22:39,530 very good. They're doing, in some ways 471 00:22:39,530 --> 00:22:42,530 financially better than me because we have children, so we have a 472 00:22:42,530 --> 00:22:44,850 lot of expenses with our children. Our childcare bill. 473 00:22:45,650 --> 00:22:47,330 Our childcare bill is crazy. 474 00:22:47,570 --> 00:22:50,450 >> Anthony: If you can solve that, that's a billion dollar 475 00:22:50,450 --> 00:22:51,050 industry right there. 476 00:22:51,050 --> 00:22:53,850 >> Dr. Darla Bishop: If you can solve that, our childcare bill is crazy. And 477 00:22:53,850 --> 00:22:56,530 so in some ways, my siblings who don't yet have children, 478 00:22:56,690 --> 00:22:59,600 they are doing differently and 479 00:22:59,600 --> 00:23:02,290 m. In some ways better than us financially because their 480 00:23:02,370 --> 00:23:04,690 obligations are just different. And because. 481 00:23:05,490 --> 00:23:08,090 Because I also caught them early as they were getting those first 482 00:23:08,090 --> 00:23:10,930 jobs, as they were getting that first, you 483 00:23:10,930 --> 00:23:13,770 know, student loan. Okay, how do I. How do I pay this off? 484 00:23:13,770 --> 00:23:16,690 How do I manage it? As they were thinking about opening that first credit 485 00:23:16,690 --> 00:23:19,690 card, I was there along the way to kind of be like, okay, well, think about 486 00:23:19,690 --> 00:23:22,610 this. And so they made really good financial 487 00:23:22,690 --> 00:23:25,490 decisions as young people. So now that they're in their 488 00:23:25,490 --> 00:23:27,810 30s, it's smooth sailing. 489 00:23:28,610 --> 00:23:31,170 >> Anthony: Yeah. And that's good that they actually 490 00:23:31,170 --> 00:23:34,100 listened to because it's. Sometimes 491 00:23:34,100 --> 00:23:37,060 they don't want to listen because, like, uh, who you 492 00:23:37,060 --> 00:23:39,940 think you are you better than me or whatever? We grew up in the same 493 00:23:39,940 --> 00:23:42,940 household. Like, no, you're there to 494 00:23:42,940 --> 00:23:45,260 kind of help each other out like you want to, 495 00:23:45,820 --> 00:23:47,740 but they just don't listen sometimes. 496 00:23:48,620 --> 00:23:50,220 I don't know. But I like the motivation. 497 00:23:51,240 --> 00:23:54,100 >> Dr. Darla Bishop: Uh, yeah. And it's. It's also easy. I 498 00:23:54,100 --> 00:23:56,940 think it's easier to listen to someone who starts with love, Right? 499 00:23:56,940 --> 00:23:59,820 I always start with love. Instead of like, I can't 500 00:23:59,820 --> 00:24:02,620 believe you made that choice. Like the books, right? The 501 00:24:02,620 --> 00:24:05,340 going full circle, going back to earlier in this conversation, 502 00:24:05,500 --> 00:24:08,380 like, instead of me, like, I Can't believe you got into credit card debt. I can't 503 00:24:08,380 --> 00:24:11,340 believe you took out that kind of loan. I can't believe you chose that apartment. It's so 504 00:24:11,340 --> 00:24:14,299 expensive. It's like, oh, well, why'd you choose that? Okay, what made you make 505 00:24:14,299 --> 00:24:17,020 that decision? Is that is this choice 506 00:24:17,260 --> 00:24:20,180 hurting other things in your life? And how do we make the adjustment, like 507 00:24:20,180 --> 00:24:23,020 starting with love. And that makes a big difference 508 00:24:23,020 --> 00:24:25,660 in people's willingness to listen to you. 509 00:24:26,330 --> 00:24:28,970 >> Anthony: Okay. That would be really helpful for people who are listening 510 00:24:29,130 --> 00:24:32,090 right now to start having that conversation with their 511 00:24:32,090 --> 00:24:34,170 family. Thank you for sharing that. 512 00:24:34,330 --> 00:24:37,130 Um, we're going to slide over to the features a little 513 00:24:37,130 --> 00:24:40,010 bit. What do you feel is 514 00:24:40,010 --> 00:24:42,770 really going to help improve your life or even your 515 00:24:42,770 --> 00:24:43,210 career? 516 00:24:44,810 --> 00:24:46,730 >> Dr. Darla Bishop: There's a couple things I'm working on right now. 517 00:24:47,280 --> 00:24:49,770 Um, and part of it is I'm seeking 518 00:24:50,970 --> 00:24:53,800 good advisors. I feel 519 00:24:53,800 --> 00:24:56,600 like in a lot of places and spaces in my 520 00:24:56,600 --> 00:24:59,520 life, I have been the advisor. I'm 521 00:24:59,520 --> 00:25:02,480 the oldest child, so I'm the oldest sister. I 522 00:25:02,880 --> 00:25:05,600 am often seen as a leader at work 523 00:25:05,600 --> 00:25:08,560 or among my friends groups or in community 524 00:25:08,560 --> 00:25:10,640 groups. And so I feel like. 525 00:25:11,360 --> 00:25:14,000 But I need some guidance now. And so I'm really 526 00:25:14,000 --> 00:25:16,880 working to find a business coach. I'm 527 00:25:16,880 --> 00:25:19,750 looking to find mentors who 528 00:25:19,990 --> 00:25:22,910 are going where I think I might be going, even though it might change 529 00:25:22,910 --> 00:25:25,470 by the time we talk. Right. Because I 530 00:25:25,470 --> 00:25:28,430 recognize the power of having someone who's 531 00:25:28,430 --> 00:25:31,430 a little bit ahead of you, who can just help you 532 00:25:31,990 --> 00:25:34,550 see the things that you can't see from this side, but they 533 00:25:34,710 --> 00:25:37,030 have already walked through it from the other side. 534 00:25:37,750 --> 00:25:40,750 Um, and that will help me. That will help me 535 00:25:40,750 --> 00:25:42,950 a lot. And then the other thing is, 536 00:25:43,430 --> 00:25:46,350 I'm checking in on my friends at the time we're recording 537 00:25:46,350 --> 00:25:49,180 this. Um, there's a ton of uncertainty 538 00:25:49,660 --> 00:25:52,220 because there's a new federal administration 539 00:25:52,460 --> 00:25:54,620 and they are reshaping the federal government. 540 00:25:55,740 --> 00:25:58,620 And I work in three industries 541 00:25:58,700 --> 00:26:01,660 that are going to be shaped likely. First, 542 00:26:02,060 --> 00:26:05,060 I work in health insurance. I work for a Medicaid health 543 00:26:05,060 --> 00:26:07,940 plan. And so government insurance programs 544 00:26:07,940 --> 00:26:09,820 are likely to be reshaped pretty quickly. 545 00:26:11,020 --> 00:26:13,980 My background. And so almost all of my colleagues, all the people 546 00:26:13,980 --> 00:26:16,500 I went to graduate school with and worked with at other 547 00:26:16,500 --> 00:26:19,000 places work in public health being 548 00:26:19,000 --> 00:26:21,880 reshaped. And I'm a professor, so I work in education. 549 00:26:22,360 --> 00:26:25,160 So between federal grant changes and changes to 550 00:26:25,720 --> 00:26:28,440 the Department of Education, I'm 551 00:26:28,440 --> 00:26:31,160 seeing that a lot of the people in my life are 552 00:26:31,480 --> 00:26:34,400 experiencing, uh, one, uncertainty, but 553 00:26:34,400 --> 00:26:37,280 also trying to figure out, well, what do I do? What will I 554 00:26:37,280 --> 00:26:40,000 do? And so One of the things that I'm really 555 00:26:40,000 --> 00:26:42,920 boiling down in the way that I'm posting 556 00:26:42,920 --> 00:26:45,680 content online and talking with folks is, 557 00:26:45,680 --> 00:26:48,600 okay, what do you have control over when it comes to your money? 558 00:26:49,320 --> 00:26:51,880 Let's exert that control to your full 559 00:26:52,360 --> 00:26:55,360 potential right now while things are uncertain. 560 00:26:55,360 --> 00:26:58,120 Because one, having that control will help 561 00:26:58,120 --> 00:27:01,000 you feel better as all this stuff happens around 562 00:27:01,000 --> 00:27:03,880 you. And two, by exerting the control 563 00:27:03,880 --> 00:27:06,720 you do have, it may mean you can weather the 564 00:27:06,720 --> 00:27:09,600 storms that are coming a little bit 565 00:27:09,600 --> 00:27:12,440 more smoothly or perhaps even longer because you 566 00:27:12,440 --> 00:27:15,160 took stock of what money you 567 00:27:15,160 --> 00:27:18,040 had, what money you didn't, what things could be 568 00:27:18,040 --> 00:27:21,010 shifted, delayed, cut, um, 569 00:27:21,010 --> 00:27:23,880 what things needed to be increased to make, make 570 00:27:23,880 --> 00:27:26,800 it just run smoothly, what things could come 571 00:27:26,800 --> 00:27:29,200 or go, what order to do things. And doing 572 00:27:29,600 --> 00:27:31,840 that work at the very 573 00:27:32,320 --> 00:27:35,200 beginning, when you have a big change or slightly before, 574 00:27:35,200 --> 00:27:37,600 if you anticipate a change to your income is coming, 575 00:27:38,320 --> 00:27:40,160 can just make you feel better. 576 00:27:42,160 --> 00:27:42,960 >> Anthony: I like that. 577 00:27:43,590 --> 00:27:46,430 Is there anything that you want to leave the audience with before we 578 00:27:46,430 --> 00:27:48,870 dive into the final four questions? 579 00:27:50,390 --> 00:27:52,150 >> Dr. Darla Bishop: No. I'm so excited for these questions. 580 00:27:54,230 --> 00:27:55,830 >> Anthony: Awesome. Alrighty. 581 00:28:03,270 --> 00:28:06,190 Question number one. What does wealth 582 00:28:06,190 --> 00:28:06,870 mean to you? 583 00:28:08,630 --> 00:28:11,580 >> Dr. Darla Bishop: Wealth means I have choices. It 584 00:28:11,580 --> 00:28:13,580 means that if a problem arises, 585 00:28:14,300 --> 00:28:16,700 if there's something I want to do, that I have 586 00:28:16,700 --> 00:28:19,540 choices for solving that problem or 587 00:28:19,540 --> 00:28:22,140 doing the thing that I want to do. Wealth is 588 00:28:22,140 --> 00:28:22,780 choices. 589 00:28:24,940 --> 00:28:27,860 >> Anthony: Number two, what was your worst money 590 00:28:27,860 --> 00:28:28,460 mistake? 591 00:28:30,380 --> 00:28:33,220 >> Dr. Darla Bishop: So when I, you know, 592 00:28:33,220 --> 00:28:35,740 it's about to be good. So this is so. So buckle up. 593 00:28:36,300 --> 00:28:39,220 So when I was in graduate school the second time, when I was working on 594 00:28:39,220 --> 00:28:42,170 my doctorate, I was in graduate school for eight years. 595 00:28:42,570 --> 00:28:45,450 Eight years. Okay. And I had a small student 596 00:28:45,450 --> 00:28:48,170 loan balance from my master's degree, something 597 00:28:48,570 --> 00:28:51,410 really like 10 or 598 00:28:51,410 --> 00:28:54,250 $12,000. And because I was 599 00:28:54,250 --> 00:28:57,130 always registered for classes, my 600 00:28:57,130 --> 00:29:00,050 loans were deferred. So for eight years my 601 00:29:00,050 --> 00:29:03,050 loans were deferred and I should have just been making payments on 602 00:29:03,050 --> 00:29:06,020 them because then my student loans would have been gone and 603 00:29:06,020 --> 00:29:09,020 my payments on that 10 or $12,000 of debt 604 00:29:09,020 --> 00:29:11,980 were like 150amonth. So why I 605 00:29:11,980 --> 00:29:14,780 didn't continue making my student loan payments while I was in 606 00:29:14,780 --> 00:29:17,540 graduate school, I still have no idea 607 00:29:17,620 --> 00:29:20,580 why I didn't. And I'm still 608 00:29:20,580 --> 00:29:23,220 mad at myself because those loans could have been gone. 609 00:29:24,660 --> 00:29:26,180 Gone. Yeah. 610 00:29:29,060 --> 00:29:30,740 >> Anthony: That's a whole nother episode. Okay. 611 00:29:30,900 --> 00:29:33,740 >> Dr. Darla Bishop: Yeah. But it's okay. I did, I did do 612 00:29:33,740 --> 00:29:36,420 that. Eight years. And George Washington University 613 00:29:36,500 --> 00:29:39,360 had let me leave with a degree, but I left 614 00:29:39,360 --> 00:29:41,840 with zero new debt. 615 00:29:41,920 --> 00:29:44,320 >> Anthony: That's, uh, so. 616 00:29:44,400 --> 00:29:47,080 >> Dr. Darla Bishop: So that's how I redeemed Myself a little bit is that I got that 617 00:29:47,080 --> 00:29:49,680 doctorate with zero new debt, even though I 618 00:29:49,680 --> 00:29:52,640 foolishly did not continue making the payments on 619 00:29:53,119 --> 00:29:55,280 the little bit of debt I had for my master's degree. 620 00:29:56,080 --> 00:29:58,920 Mad. Still mad. As you see, I'm still mad. You heard 621 00:29:58,920 --> 00:30:00,160 that at the beginning. 622 00:30:00,400 --> 00:30:00,960 >> Anthony: Yes. 623 00:30:04,950 --> 00:30:05,350 With you. 624 00:30:06,110 --> 00:30:08,990 Uh, number three, is there a 625 00:30:08,990 --> 00:30:11,390 book that inspired your journey or changed your 626 00:30:11,390 --> 00:30:12,150 perspective? 627 00:30:12,970 --> 00:30:15,830 >> Dr. Darla Bishop: Uh, well, we're going to talk about how to afford 628 00:30:15,830 --> 00:30:16,150 everything. 629 00:30:17,270 --> 00:30:19,110 >> Anthony: You know, eyebrows. Eyebrows. Okay. 630 00:30:19,270 --> 00:30:22,230 >> Dr. Darla Bishop: Right, Right. You know, the, um. The. 631 00:30:23,670 --> 00:30:26,470 The journey to writing this book was 632 00:30:26,470 --> 00:30:29,350 10 years in the making. You know, like, after 633 00:30:29,350 --> 00:30:32,270 I read, like, 20 books, I was like, I could probably write a book. 634 00:30:32,270 --> 00:30:34,630 After I read 40 books, I was like, I definitely can write a book. 635 00:30:35,810 --> 00:30:38,810 Books. I was like, why haven't I write a book? And one day, my 636 00:30:38,810 --> 00:30:41,690 husband. I had just finished yet another personal finance book, and we were 637 00:30:41,690 --> 00:30:44,370 sitting on the couch, and he noticed I'd finished. I think I was listening to one. 638 00:30:44,530 --> 00:30:47,490 He noticed I finished it. He's like, oh, how'd you like that? I was like, man, I could have 639 00:30:47,490 --> 00:30:49,890 wrote this book. He was like, you know, you've been saying that for a few years. 640 00:30:51,280 --> 00:30:54,170 Um, you're done with school. I think we have our childcare set 641 00:30:54,170 --> 00:30:57,130 up really solid right now. What. What would it take for you to 642 00:30:57,130 --> 00:31:00,130 write a book? And I was like, I think I need an editor because I have too 643 00:31:00,130 --> 00:31:02,890 many ideas in my brain. I need 644 00:31:02,890 --> 00:31:05,570 somebody to help me kind of untangle them, because it's 645 00:31:05,570 --> 00:31:08,470 probably two or three books in my br. But you can't write one 646 00:31:08,470 --> 00:31:11,350 book that's really two or three. You'll lose people. So I need somebody to help 647 00:31:11,350 --> 00:31:14,190 me, like, untie what's book one 648 00:31:14,190 --> 00:31:17,070 and what's book two and what's book three so that people can get 649 00:31:17,070 --> 00:31:19,830 something from it. He was like, okay, go find an editor. So I find an 650 00:31:19,830 --> 00:31:21,790 editor. I interviewed, I think eight. 651 00:31:22,670 --> 00:31:25,670 And, you know, in the one or two that I like 652 00:31:25,670 --> 00:31:28,670 the best, I said, you know, could I buy an hour of your time? And we 653 00:31:28,670 --> 00:31:31,630 do a sample work session. I just want to make sure we'll be working well together, 654 00:31:31,870 --> 00:31:34,870 because this project has been on my heart for a decade. And 655 00:31:34,870 --> 00:31:37,830 so I need it to go well because I'm finally, like, committing to 656 00:31:37,830 --> 00:31:40,660 doing it. And so the 657 00:31:40,820 --> 00:31:42,900 editor I ended up going with, we 658 00:31:43,220 --> 00:31:45,700 outlined all 10 chapters 659 00:31:46,180 --> 00:31:49,060 in 37 minutes. And she was like, okay, 660 00:31:49,140 --> 00:31:50,980 so we. We didn't use the whole hour. 661 00:31:52,020 --> 00:31:54,980 What are you thinking? How do you want to use the last, uh, 20 662 00:31:54,980 --> 00:31:57,940 minutes of our call? And I was like, actually, I think I'M good. Thank 663 00:31:57,940 --> 00:32:00,900 you for the outline. She was like, so are you thinking you're gonna move forward? I was 664 00:32:00,900 --> 00:32:03,860 like, I am. Please send me the contract and the agreement. And. 665 00:32:03,940 --> 00:32:06,900 And I'll pay from the time I paid 666 00:32:06,900 --> 00:32:09,870 my deposit for her fees to 667 00:32:09,870 --> 00:32:12,750 the time I was holding. And this is the actual one, the first 668 00:32:12,750 --> 00:32:15,630 one I took out of the box. This is my emotional support copy of how to 669 00:32:15,630 --> 00:32:17,510 afford everything was 670 00:32:17,590 --> 00:32:20,330 127 days. That's, uh, 671 00:32:20,550 --> 00:32:23,350 quick, because between the 672 00:32:23,350 --> 00:32:25,830 outline and having the path, 673 00:32:26,470 --> 00:32:29,390 it poured out of me. And so 674 00:32:29,390 --> 00:32:32,150 this. This is why. That's the book that changed everything. 675 00:32:32,710 --> 00:32:33,350 >> Anthony: Got you. 676 00:32:33,650 --> 00:32:36,230 Um, I do have a question, because it's. One of the 677 00:32:36,230 --> 00:32:39,150 listeners actually is looking to write a book, but she is 678 00:32:39,540 --> 00:32:42,380 like, you have so many ideas. Is it best to get an 679 00:32:42,380 --> 00:32:45,260 editor after you wrote your thoughts out, or is it best 680 00:32:45,260 --> 00:32:48,220 to get one early on just to get the outline and then you can hire them 681 00:32:48,220 --> 00:32:49,940 back when you're ready to write the rest of it? 682 00:32:50,020 --> 00:32:52,940 >> Dr. Darla Bishop: Yeah, so there's a different. There's different types of editors. So you can look 683 00:32:52,940 --> 00:32:55,940 for something called a developmental elevator. I'm 684 00:32:55,940 --> 00:32:58,900 sorry, a, uh, developmental editor. And this is an editor 685 00:32:58,900 --> 00:33:01,540 who specializes in helping you develop the story 686 00:33:02,340 --> 00:33:05,180 and develop the path. And so this could 687 00:33:05,180 --> 00:33:08,020 be someone who you might have a couple hours of sessions 688 00:33:08,020 --> 00:33:10,980 with. So it might not be a huge expense because you're 689 00:33:10,980 --> 00:33:13,840 just. Just talking through what you've been thinking. And they help. They ask 690 00:33:13,840 --> 00:33:16,760 you, they guide you through how to put that in a 691 00:33:16,760 --> 00:33:19,400 way that makes sense. So that might just be a couple hours of 692 00:33:19,400 --> 00:33:22,080 sessions and may not be a huge expense. And 693 00:33:22,080 --> 00:33:24,960 frankly, once you have that, you might be ready to just write. 694 00:33:25,200 --> 00:33:28,160 And then you get the editor, a different type of editor, 695 00:33:28,160 --> 00:33:31,080 someone who's going to check for grammar and for flow 696 00:33:31,080 --> 00:33:34,000 later once the project is done. And so you can get 697 00:33:34,000 --> 00:33:36,920 editors for different types of support. And if, you 698 00:33:36,920 --> 00:33:39,610 know, you only need help with this. This component, you 699 00:33:39,610 --> 00:33:42,530 can. You know, you can do that at a lower cost 700 00:33:42,530 --> 00:33:45,410 than hiring an editor for the whole project when you're not fully 701 00:33:45,410 --> 00:33:46,410 in the project yet. 702 00:33:46,570 --> 00:33:48,730 >> Anthony: That makes sense. Okay. Thank you for that. 703 00:33:49,450 --> 00:33:51,930 I was asking for myself, really, but thanks. 704 00:33:52,010 --> 00:33:54,930 >> Dr. Darla Bishop: Great. Hey, I think that's. That's the. 705 00:33:54,930 --> 00:33:57,730 The privilege of having a podcast, right? You get people on your 706 00:33:57,730 --> 00:34:00,490 show you want to talk to because you got problems you working through. 707 00:34:00,650 --> 00:34:03,530 You want solutions? Heck, yeah. Take Advantage. 708 00:34:03,610 --> 00:34:04,490 >> Anthony: All right? Take. 709 00:34:07,590 --> 00:34:10,070 This is the show. Take Advantage. I love it. 710 00:34:10,610 --> 00:34:12,390 Uh, number four, 711 00:34:13,270 --> 00:34:14,550 what is your favorite. 712 00:34:14,550 --> 00:34:17,390 >> Dr. Darla Bishop: Dish to make m. 713 00:34:17,390 --> 00:34:20,150 Okay, so my kids are in their picky 714 00:34:20,150 --> 00:34:23,110 food stage, so I haven't been cooking, 715 00:34:23,390 --> 00:34:26,070 um, the flavorful things that I usually like. 716 00:34:26,070 --> 00:34:28,710 But a couple months ago, I had this 717 00:34:28,710 --> 00:34:31,670 hankering for something Indian. And where we're living right now 718 00:34:31,670 --> 00:34:34,559 are. The Indian restaurants are not that great. Great. They're just. They're just not. 719 00:34:34,559 --> 00:34:37,399 And that's okay. It's okay. We're gonna move. We're 720 00:34:37,399 --> 00:34:39,959 gonna move soon, and we'll be in a place where the Indian restaurant is better. 721 00:34:40,279 --> 00:34:43,239 And so. And the okra at the grocery store just looks 722 00:34:43,239 --> 00:34:46,199 so beautiful. Like, you ever go to the grocery store and some 723 00:34:46,199 --> 00:34:49,159 vegetable just looks like, I don't know what I'm gonna do with it, but 724 00:34:49,159 --> 00:34:51,879 I'm buying that vegetable and I'm gonna do something with. The okra was just 725 00:34:52,039 --> 00:34:54,679 gorgeous. So I bought, like, two big 726 00:34:54,679 --> 00:34:57,159 handfuls of okra. I cut it up, and I made 727 00:34:57,159 --> 00:34:59,919 bendi masala, which is so simple. 728 00:34:59,919 --> 00:35:02,690 It's just okra, onion, 729 00:35:02,930 --> 00:35:05,170 tomato, and then all of the seasonings. 730 00:35:05,730 --> 00:35:08,610 And the tomato makes this little soft 731 00:35:08,690 --> 00:35:11,610 kind of sauce that comes in with 732 00:35:11,610 --> 00:35:14,530 all the seasonings. And I put that on top of some rice, 733 00:35:14,610 --> 00:35:17,610 and it. It hit so hard. Like, the okra 734 00:35:17,610 --> 00:35:20,570 was perfect. It was seasoned so good. Like, 735 00:35:20,570 --> 00:35:23,450 I'm gonna make it again. I just been waiting for the okra to look as good. 736 00:35:23,450 --> 00:35:26,370 The last few times I went to the grocery store, the okra has not looked as 737 00:35:26,370 --> 00:35:27,740 beautiful as it did that day. Day. 738 00:35:28,300 --> 00:35:30,540 >> Anthony: Okay, so what kind of rice we looking at? Like, 739 00:35:30,540 --> 00:35:31,500 basmati. 740 00:35:31,900 --> 00:35:34,900 >> Dr. Darla Bishop: So that day I had jasmine. Basmati would have 741 00:35:34,900 --> 00:35:37,780 been better, but I had Jasmine is what I had. So I made 742 00:35:37,780 --> 00:35:38,940 it work. I made it work. 743 00:35:39,020 --> 00:35:42,020 >> Anthony: Okay. All right, well, we gotta catch back up and let 744 00:35:42,020 --> 00:35:45,020 you know. I need to see a picture because it sounds so good 745 00:35:45,020 --> 00:35:47,260 and simple ingredients. You know, I'll text. 746 00:35:47,260 --> 00:35:50,220 >> Dr. Darla Bishop: I. I have the picture because I told everybody. I told. I have some. 747 00:35:50,220 --> 00:35:53,180 I have some Indian friends who are always impressed when I tell 748 00:35:53,180 --> 00:35:56,160 them I can cook a little bit of Indian food. And so I said. I said, look 749 00:35:56,160 --> 00:35:59,040 at this bindi masala. And they were like, oh, that looks really good. I was like, see, 750 00:35:59,040 --> 00:36:01,800 I told you. Okay, so I can send you the 751 00:36:01,800 --> 00:36:02,240 picture. 752 00:36:02,240 --> 00:36:03,680 >> Anthony: Yeah, yeah, please send that thing. 753 00:36:05,400 --> 00:36:08,000 Um, this is the last question of the show, 754 00:36:08,480 --> 00:36:11,120 which is where could people find out more 755 00:36:11,120 --> 00:36:12,000 about you? 756 00:36:12,800 --> 00:36:14,080 >> Dr. Darla Bishop: Oh, please come find 757 00:36:14,080 --> 00:36:16,640 me@darlabishop.com 758 00:36:17,520 --> 00:36:20,280 Social. And the reason I have, I have a 759 00:36:20,280 --> 00:36:23,120 specific landing page, so that way you can just find all the things 760 00:36:23,120 --> 00:36:26,020 you could ever find without having to look for me. So all the social. Socials are 761 00:36:26,020 --> 00:36:28,900 there. Um, the links to the different freebies I 762 00:36:28,900 --> 00:36:31,820 have. So darlabishop.com social 763 00:36:32,460 --> 00:36:33,100 alrighty. 764 00:36:33,420 --> 00:36:35,580 >> Anthony: Well, thank you Darla, for so 765 00:36:36,140 --> 00:36:38,660 much information about really taking 766 00:36:38,660 --> 00:36:41,419 advantage of, uh, everything that you 767 00:36:41,419 --> 00:36:44,260 have, whether it's you're coming from poverty or 768 00:36:44,260 --> 00:36:47,020 coming from, you know, your silver spoon 769 00:36:47,100 --> 00:36:49,940 background, you have to take advantage of 770 00:36:49,940 --> 00:36:52,900 those opportunities and actually put your own spin on 771 00:36:52,900 --> 00:36:54,900 it, put your own stink on it. Some with some say 772 00:36:55,700 --> 00:36:58,500 this is your opportunity. You have what it takes, everybody. 773 00:36:58,500 --> 00:37:01,380 And please make sure that if you made it this far, 774 00:37:01,620 --> 00:37:04,460 just want to say thank you so much for sticking with us 775 00:37:04,460 --> 00:37:06,900 this long. And you all 776 00:37:07,220 --> 00:37:09,860 have a wonderful day. Yacht 777 00:37:10,260 --> 00:37:10,819 peace.