You Can't Afford Me
You Can't Afford Me
Fortifying Your Finances: A Frugal Entrepreneur's Guide with Tiera Byrd
Unlock the secrets to financial success with our guest, Tierra Byrd of Forever Frugal 2, as we discuss the essentials of fiscal wisdom for entrepreneurs. From dodging common money-saving blunders to establishing a robust emergency fund, this episode is a treasure trove for anyone looking to fortify their financial future. We dissect the delicate balance of personal and business finances and stress the importance of the age-old wisdom of paying yourself first. Whether you're a seasoned business owner or just starting out, the insights shared here will guide you toward creating a stable and secure financial foundation.
Navigating the world of savings and investments can be as complex as it is crucial. That's why we dive into the art of customizing your emergency fund, the allure of online savings accounts, and the potential benefits of fostering a relationship with a credit union. We don't just stop at saving money; we also explore how to align your spending with your financial ambitions. By sharing my own journey and the impactful stories of others, we illustrate the significance of prioritizing long-term wealth over fleeting materialistic satisfaction.
As we wrap up, we shed light on the transformative nature of living below one's means, touching on everything from lifestyle tweaks post-marriage to the virtues of mentorship in financial education. Listen to inspiring tales of how an average income can lead to an exceptional retirement, and how teaching kids about savings is setting the stage for their financial independence. Tierra Byrd's expertise makes every minute worth your time, and for those looking to keep the conversation going, she's just an email or social media message away. Join us for an episode that's as enlightening as it is practical, and take a step toward securing not just your financial future, but also that of your family.
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Are you an aspiring entrepreneur? Are one-on-one coaching Taylor's strategies to your unique business goals. Dive into interactive workshops fostering skills essential for success. Looking for an inspirational speaker for your next event? Book Mr Pernumer to elevate your gathering. Visit wwwdmrpnurcom to learn more and embark on your path to entrepreneurial success. Mr Pernumer, empowering your entrepreneurial spirit. Hey guys, thanks for joining us on another episode of the you Can't Afford Me podcast. Guys, I've been looking forward to this conversation. I've been wanting to talk money with somebody because I think, especially as an entrepreneur, this can be a very difficult thing to tackle with your personal finances, with your business finances, and I think we just all assume entrepreneurs are rolling the dough and nobody teaches us how to actually manage that money and what we should be doing with it. So today we have Tierra on the show. Tierra, how are you doing today?
Tiera Byrd:I'm good, how are you?
Sam Anderson:Awesome, awesome. So real quick, just give everybody a rundown of who you are, what you do.
Tiera Byrd:Yes, so my name is Tierra Byrd. I am a money coach and founder of Forever Frugal 2, which is basically my business. I started in 2014 with the idea to empower individuals to take full control of their money, so I do that part-time, and I also work in university development full-time.
Sam Anderson:Good stuff, Alright. So normally I have a lot of banter and we chitchat a little bit. I'm going right into this because I got some questions to ask. So let me ask you this what is one of the number one mistakes you see people making with money?
Tiera Byrd:That's a great question, Santa. They cannot save or they don't know how to save so they don't start to manage their money better to save their money.
Sam Anderson:Yeah, and do you have a rule of thumb in terms of a percentage of your income that you should be automatically saving?
Tiera Byrd:Not a percentage of your income, but whatever you can afford to save. Not a specific percentage, but whatever you can afford to save after you have met your needs and you have taken care of necessities.
Sam Anderson:Alright, so let's talk about that word, afford, because a lot of people will hear this and they're like save money, I can barely afford to live as it is. Blah, blah, blah. But then what I found is, once you actually dig into the numbers, you realize, oh, there are some ways that I could be saving. So when you say, save what you can afford, kind of expand on that a little bit.
Tiera Byrd:Yes. So, for an example, if your monthly income is $2,000 and after you paid all of your bills, you have $500 left over, you have the option to save that amount of money, to invest that amount of money or to pay down a debt. Basically, you have the opportunity to take full control of that money. So if you want to save that money, you have $500 that you can save and you can make that decision to save it. A lot of people want to look at what they have saving after shopping or after getting their hair done.
Tiera Byrd:I always tell people to make saving a priority before you spend money on yourself. That way, you have money to save.
Sam Anderson:Pay yourself first.
Tiera Byrd:Correct.
Sam Anderson:So with that I'll expand a little bit into my financial journey. So for me, I've been an entrepreneur for now almost 10 years and running a business. I don't want to say it's been easy for me, but it's come a lot easier than managing my personal finances, and it probably hasn't been but the last year and a half two years that I've started looking at my personal finances the way I do with my business accounts. So as we stay on the topic of saving, number one, I want to explain why it's important for people to have a nest egg and what should that nest egg look like, fully funded, for someone?
Tiera Byrd:Awesome. It's important to have a nest egg or a savings account because a couple of years ago, we all had a government shutdown, right, so people lost their jobs and with you know there being a low percentage of people saving already. Think about it. If you have a whole family, you have a mortgage, you have car notes. If you were to lose your job and your employer were to tell you, hey, it's Monday, your last day of work is going to be Friday, how are you going to make ends meet? Right.
Tiera Byrd:On the way here to the studio. I could have had a flat tire right. If I didn't have money in my savings account, I more than likely would have used credit. Yep.
Tiera Byrd:So emergencies, unexpected expenses pop up medical If you have kids, we all know it's always something coming up with them, so it's always important to have money set aside for unexpected expenses as well as if your job is not secure. There were a lot, and still are a lot, of layoffs happening with big companies, so I think it's important to think about how long you would survive if your company were to lay you off.
Sam Anderson:So what I've generally been taught is three to six months of your overhead expenses monthly expenses for your household that you should be saving up in your nest egg. What do you recommend?
Tiera Byrd:I recommend it based off of your current situation, right? So let's say you are not married, you don't have any kids, and let's say three to six months might work best for you. But for me, I'm married, I have a daughter, we just bought a new house, we just had a new car, so a year for me might work better for me. But it all depends on what liabilities you have, right. So let's say the job market. Or let's say back in 2020, we had COVID. Right, so you could not get a job. So if you got laid off, it might take you a year to find an employment. It took me nine months to find employment during COVID when I was laid off. So I had, I think, around a year and a half of money set aside and had I not had that amount, three to six months would have not suffice. So I think it depends on your situation and your liabilities, what your life looks like.
Sam Anderson:So yeah, with it's one of those things where it's not if it's going to rain, it's when it's going to rain. Correct. Something is going to go wrong.
Tiera Byrd:Absolutely.
Sam Anderson:Whether it's at your house, something happens with the roof or, you know, vehicle happens, medical expenses something is going to happen Right For the clients that you've worked with. I'm sure it's a mentality transition that you have to have with them. With money, I think it comes down to psychology. It's the way we look at it. My viewpoint with money has changed dramatically because I now thoroughly view money as a tool Like that's all it is Like when you break it down the most simplistic way. Our life is like monopoly. We're just playing. I don't say life is game, but financially it is. At Deli Rhyme we'll make these t-shirts that says life is a game of monopoly. Own businesses, own properties, pay your taxes and stay out of jail.
Tiera Byrd:Right.
Sam Anderson:This is what it boils down to.
Tiera Byrd:Put that on a T-shirt.
Sam Anderson:Yeah, so looking at that, let's look at the savings piece you recommend. Depending on someone's situation, it could be from three to 12 months that they can save up for. I think a lot of people get bogged down. Looking at number one, if you just put your savings in a traditional savings account at your local bank, the interest rate is like 0.001% versus. If you look at an online bank account like me and my wife use Ally for our joint account I think we're at 4. Something percent right now. I've seen Credit Karma has like 5% interest rates right now and those go up and down. So what's your recommendation? Is it better to bank locally or should you be looking at the majority of your savings being in a high yield interest account?
Tiera Byrd:Yeah, that's a great question. Once again, I think it depends on your situation. I also think it's important to have at least maybe like $1,500 or $2,000 or just depending on your situation cash readily available, right? So if you use the online savings account like you and your wife use Ally let's say you need $1,000. You might not be able to get that $1,000 by five o'clock today. You may have to wait a couple days. So I think it's important to have the majority of the money that you don't think that you'll need right away set aside in an online savings account only because of the rates. But if you need cash readily available, I say a couple thousand dollars should be in a financial institution that has great rates. I tell all my people to look into online savings accounts, but also looking at different banks and what they offer. I use Virginia Credit Union.
Sam Anderson:I don't use anything else Love, virginia Credit.
Tiera Byrd:Union People use Navy Federal. I don't really like any other banks, the financial institutions, but I also, like I said before, I think it's important to have readily cash available. But also, if you are a type of person that says, hey, tierra, I have one year of savings set aside and I'm one person and I know I don't need this amount, it's important to look at other ways to grow that money, like investing, even though I don't wanna go down there.
Sam Anderson:But yes, yes, we'll touch on that briefly. What would be your reasoning for using a credit union versus? Let's call out the big bad boys like your Wells Fargo, which we've seen them in the news in the past with some shady stuff?
Tiera Byrd:Yes, I've always found great interest rates with the credit union and it was easy for me to build relationships with the people that work there. They really didn't want to sell me anything, they just wanted to help and educate me as a person and I use them now in. I work at VCU and I use them now with VCU and I do financial presentations with them and they're just great people to work with and the interest rates are unbeatable.
Sam Anderson:Yeah, the other thing with that too is one main reason I opened up checking and savings with the credit union years ago. Because somebody told me developing a relationship with your local bank will help you out further down the road. So say, when me and my wife are ready to build our next house, having a six, seven year relationship with my local bank it's probably gonna be a little bit easier for me to get that mortgage loan from them than going somewhere else.
Tiera Byrd:Absolutely, and they're not gonna sell you something that's not gonna benefit you.
Sam Anderson:Yeah, 100%, all right. So you touched on this a little bit, actually. No, let me go back a little bit, because majority of people probably listening to us that haven't saved up for that nest egg. One major thing in their head is like, well, I just can't. You know, I can't do it.
Tiera Byrd:I hear it all the time.
Sam Anderson:Yeah, so kind of walk us through a process with the client that maybe you've worked with, where even saving just a little bit, because as we will jump into an investments talk but I started funding my investment accounts with like 25 bucks from every one of my paychecks, so 50 bucks each month like started to stack up. And then after a couple of years I'm looking at my investment accounts and I'm like, holy crap, like this all came from just saving 50 bucks a month, correct yeah, I think now, inflation right, inflation has impacted a lot of, you know, families, and a lot of people have had to take pay cuts and all the things.
Tiera Byrd:So I'm not talking to those people now. But if you are able to save but I think everyone is able to save it's important to know your numbers, know your monthly income, know your monthly expenses and if there's a gap between your monthly income and your expenses, you should be able to save something.
Tiera Byrd:If your monthly income equals to your monthly expenses. You need to increase your income and or decrease your expenses, but you wanna make sure that you, if you have a gap left over after paying all of your bills each month, then you set aside money from that to save.
Sam Anderson:So what do you say to that person who, let's say, they're at 100% capacity, the amount of money they're bringing in is taking care of the basic needs. Because obviously there are people in that situation. What do you say to them? Because when you start talking about cutting back costs, we've all heard it, like you know, I think RocketMorning does it where they'll automatically cancel subscriptions and things like that, that you're not aware that you're using things like that. But I mean, we're not talking much of a difference when I'm cutting $10 worth of streaming services, like that's not gonna allow me to save myself to wealth. What are some major things that you have people look at in terms of, like your income and where I need to be, you're spending too much money. How do we cut back?
Tiera Byrd:Right. First thing I talk to them about is their goals and how bad do they want their goals. And if we're looking at financial goals, if you wanna start saving for a house, or if you wanna start saving for a car, or if you wanna start saving just to change your life, then you're gonna have to make a sacrifice, right? So you know, maybe it is a $10 subscription a month that starts off and maybe you do that and then, over the course of you know, five months, it's like man, that's $50, it's something. It's not, you know, it's not zero, but I wanna save more.
Tiera Byrd:I think on that journey, as they are spending their money and they're looking at what they're spending their money on, typically my clients will say you know what? I wanna cut back this eating out once per month, or when I wanna cut back me getting my nails in the hair done because this financial goal is so important. So, starting small $10 per month, cutting back a subscription or Starbucks, it, typically it helps. But I think, over time, with them looking at what they are really spending their money on, those things don't matter as much as their goals do.
Sam Anderson:So we care just that. I'm glad you said that, because I think a lot of financial people out there are really preaching. So I'm going to Starbucks, like you can get. Like. Here's my thought process. I'm here for a good time, not a long time.
Tiera Byrd:Absolutely.
Sam Anderson:I'm not a coffee drinker, but if Starbucks brought me joy you're gonna get your Starbucks. I'm gonna get the damn coffee right. I think let's talk particularly to our people, people that look like us. It is the new escalade truck that people are looking at the monthly payment versus what the actual cost of the vehicle is and the interest rates and things like that.
Sam Anderson:It's the $500 to $1,000 Gucci bag. It's the joy you came in, saw my sneaker collection. It's the joy I can afford my Jordans, but it's the Jordans. Spending three, four, five, 600 bucks on a pair of shoes? Absolutely. I think that's the mentality, particularly with our demographic, that needs to change. Where it's not the small transactions that they're making, it's I got to show up and out, stun everybody else and I'm at the point in my life now I want to look broke and live rich.
Tiera Byrd:Absolutely. I've always had that mindset. I don't think people are ready for that mindset shift. I think people are. People want to look like money versus having money and I think that is popular right. Of course, social media does not help that right.
Tiera Byrd:You want to look rich, you can have the escalade or you can have the Tesla. But what is your portfolio looks like? And I know in our community it's so hard and that's that runs deep, right, but once you realize you get to a certain level in life and you have all those things, it doesn't really mean anything if you're not really happy right. It doesn't really mean anything If you make $200,000 a year and at the end of the year you have nothing to show for in your investment accounts and in your savings accounts.
Tiera Byrd:So what is the true meaning of spending your money on things that don't mean anything at the end of the day, and as a money coach, I don't tell people what they're spending their money on. I don't care about Starbucks, I don't care about Target. Spend your money on what you want to spend it on, but make sure that you're managing it in a way where it aligns to your financial goals.
Sam Anderson:Yeah, because a lot with. I think there are a lot of similarities to looking at our physical health as well as our finances, in terms of like when you're in your 20s, you don't give a crap about your health, Like you're out ripping and running and like our metabolism is so high and we're just out ripping and running and doing everything. I remember I could either number two from McDonald's and go play two hours basketball right after that, and I didn't care about.
Sam Anderson:Now I look at a McDonald's cup and try to go play basketball. It's a done deal. So looking at that, having that mindset where it's, looking at that longterm because for me it's the comfort of being the provider for my house and my wife being a stay at home mom, it brings her comfort seeing those numbers in the account and for me that's one of the more important things. For me is like my wife and kids are happy. She feels secure. That's my job. I'm not too concerned about putting rims on my truck. I'm doing X, y and Z and, funny enough, it's the wealthiest people that you wouldn't expect that they ever?
Tiera Byrd:You would have never known that they have all the money, yeah.
Sam Anderson:I remember seeing a video with Jeff Bezos, CEO of Amazon. He had $10 million in his bank account and he was still driving a beat up Honda Corp.
Tiera Byrd:Yeah, I think in when was it? 2020 to 2023, I drove a 2005 Scion XB and I only drove that car because my parents had it sitting in the yard. I was still living at home, I had totaled my car in an accident and I had great credit. So my parents were like, hey, if you wanna go buy your new car, you can. And I was like, okay. So I drove all the way to the Nissan or to the Honda dealership, almost signed the papers and I was like, you know what, let me save my money. So I drove that Scion XB for two years. I had no issues with it and that's how I was like able to save $30,000 by living at home, by upgrading my life, and my friends were buying the new houses and the apartments on all the cars and I mean, of course, you see those things and you want those things, but I'm like if I wanted to go to Miami next week, I can't go and I can pay cash for it. Or if.
Tiera Byrd:I want to buy some Jordans. I can do that and pay cash for it, and I just let the money sit in my account until I learned about investing. So I think you know you have to make a sacrifice, right, but then you also have to look at your goals and kind of look at like, hey, does all this you know glitzing glamour, does it really make you happy or are you just trying to prove a point to people that you don't even know?
Sam Anderson:Yeah, it doesn't, Because now I can personally say it was during the car bubble. Me and my wife just started having kids during COVID, so our need did change. It wasn't like I want an SUV, it's like no, I need an SUV.
Sam Anderson:She can't get the stroller and all this stuff in a small sedan. So we went car shopping and you remember the weird time with the car bubble like new cars were going for cheaper than used vehicles. So first time in my life I never thought I'd do it we went out and bought brand new vehicles Brand new car.
Sam Anderson:But I'll make a note and say here the business is paying for one, it's under that name. And then, to keep the debt out of my name, one of our other vehicles is in my wife's name. Obviously she has no income as a stay-at-home mom, but then her dad cosigned. So my business pays her each month, which takes care of the car. Note she's on the payroll, keeps the debt completely out of my name. But I say all that to say this. Maybe three weeks after I had those brand new vehicles I was like, yeah, like it wears off quick.
Sam Anderson:Now I'm gonna say this the only thing that's ever kept a smile on my face that costs a lot of money is the jet ski. I ain't never seen anybody pissed off on a jet ski. Thank God my father-in-law just bought a second jet ski, which basically is just me and my wife's because he just wants to go out with us and jump on the jet skis.
Sam Anderson:So, like the old adage of like money doesn't bring happiness, I think it's BS, because when you have enough money in your savings account, you have enough money investment and you know that whatever storm comes your way, that you can weather it.
Sam Anderson:That's your good. There's happiness in that Immediately, yeah. So let's talk about we've been dancing around credit. Let's talk about this. This was probably the hardest transition for me because, as an entrepreneur and having that type of mindset, we're always looking 10 years down the road and in my head it was always like man, I'll close the deal next week and get this taken care of like no big deal, and then you keep kicking the field goal a little further down, further down, and then starting to realize how much money you're actually paying an interest in all these fees. It kills you from building wealth. Absolutely so for you. When you're meeting with someone in there. They may be starting from scratch, where they need to build up a nest egg, but they got some debt that they need to take care of, which means they really shouldn't be investing until they get the debt taken care of. What's your process with them with something like that?
Tiera Byrd:Yeah, so just a little caveat I am a money coach, not a financial advisor, so I typically don't give credit, so I'm not licensed to give advice on credit.
Sam Anderson:Yeah, let's put that disclosure in there. We don't want no lawsuits here. Thank you.
Tiera Byrd:So of course, I would say, hey, that's the good trick goes. But if credit is something that they want to focus on, I think the thing with credit is time. It's time and people like to pay companies to raise their credit scores, but it's time, it's consistency, it's paying everything on time, it's paying your credit card and your credit card built in full each month.
Sam Anderson:No, stop right there, because that will freak a lot of people out because, they are going and racking up what's the proper way to use credit?
Tiera Byrd:I can tell you what I do and what works for me. So right now, if I left here and I went to Target and I needed some new bedding at the house, I would use credit cards my credit cards for points. So if I don't have the money in my checking account, I don't swipe my card.
Sam Anderson:Say that again for the people in the back. Say that one more time If I do not have the money in my checking account.
Tiera Byrd:I do not swipe my credit card at all.
Sam Anderson:That was a bar. Y'all need to write that down if you didn't.
Tiera Byrd:Yes, I think it's so important to use credit because we don't feel the instant burn of like, hey, we just spent $400 at Target. If we're not using our debit card or cash, the burn is not gonna feel like we spent any money and sometimes it's gonna like, well, it's not my money anyway, until you get the credit card bill and you see that you spent $400 at Target, but with interest. Now you're paying like $500.
Tiera Byrd:So your credit card company just made $100 off of you. So I love my credit card. Like I said, I use it all the time. I'm trying to transition out of using my debit card and use my credit card for everything. I have not gotten there yet. I have not gotten there yet, but I pay my credit card bill three to five days after I use it, just to make sure it posts on the account. I get the points, all things, but I pay it off. So I don't pay it in full each month. I pay it in full after each person purchase.
Sam Anderson:Gotcha. So would you recommend just setting it to automatic? I'm real big on automation, absolutely, and it's my lifestyle.
Sam Anderson:I'm just doing way too much, too much to remind yourself, and I don't wanna miss, like we got a shoot coming up in Chicago and I don't wanna be on the plane to Chicago and realize, oh damn, my credit card bills due tomorrow, right. So for me I like setting it up on automatic, absolutely. Does it make a difference between paying a couple of days after or waiting until the statement comes in, and paying your full balance?
Tiera Byrd:People always say look at the statement date and, like I said, I wait till it posts. And then they'll say, hey, your minimum credit card bill of $25 is due and I'm like I don't ever pay the minimum. I always, personally, pay mine three to five days after I use it, and some people pay it in full each month. So it depends on the credit card company and it depends on your habits. As you mentioned, you like automation. I'm an automation person too, but it's also you know yourself.
Tiera Byrd:You know that if you don't do it, on automation you're gonna forget and that can really damage your score. So not jumping ahead. But it all depends on who you are, how you are, knowing yourself, and if automation is something that you need, please implement it because it is a lot going on. But as far as paying the credit, just do not if I can give you any advice, do not pay the minimum payment on your credit card bill. Please pay more than the minimum payment.
Sam Anderson:So what does that typically do to somebody if they just pay the minimum payment?
Tiera Byrd:You will never pay it off in interest or eat you alive. Yeah it will eat you alive. I've never really experienced that too much. When we bought our house last year, right before moving in they told us we did not have to purchase a washer and dryer and then two days before they were like, oh, you have to. And I was like man, we didn't have the money set aside for that.
Sam Anderson:So I was like you know what.
Tiera Byrd:I'm gonna have to put it on a credit card and thankfully I was able to pay it off at the end of the month and it did. Actually I did have to pay interest on it and I was fine. I think it was $15. I was like you know what it is, what it is. So I'm like this is how that works. I just think like what if I didn't pay it off at the end of the month, it would have compounded right.
Tiera Byrd:And you know. So I'm glad I had that experience and I honestly don't regret it at that time because I mean I needed a washer and dryer.
Sam Anderson:And I paid it off and that's a necessity. It wasn't a trip to. Miami or whatever like that. Here's where I think a lot of people, in particular our people, get messed up. Is we just look at the point thing?
Sam Anderson:Oh, I'm getting points, blah, blah, blah. Well, if you're paying 26% APR each year, the points don't. We're talking pennies at this point and I think a lot of people get blindsided by that, thinking oh well, this is racking up my air miles, or this that the other, you're still in debt and you're still losing money. It would have been cheaper for you about the plane ticket than to have that interest Correct Right.
Tiera Byrd:So if you're charging your car, you're not able to pay your balances in full at the end of the month or, you know, a couple of days after you make the payment, or if you don't have the money in your checking account essentially you can't afford the purchase then you do not need to be using your credit card.
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Tiera Byrd:Regardless of any of the perks, because at that point the perks cancel themselves out, because you're not using the credit card to your advantage, you're using it to the company's advantage.
Sam Anderson:Yep. So I'll say this. It was a while ago. My main business was experiencing some turmoil and the cash wasn't what we generally would expect. So there was a couple months where I had to finance things for my family on the credit card. Happens, yeah, first quarter of this year we would be 100% debt free.
Sam Anderson:But it took a conscious effort of saying, okay, I know, I have this bonus check coming here, or I picked up this side gig here, I'm doing this training, blah, blah, blah. I used to look at that money and say, oh, I'll put a little bit towards debt. Let me take the wife out to a good dinner or let's plan our next vacation. Yeah, I need those new sets of golf clubs, like whatever it is, and continually push that back. Now I can't wait to see a zero balance. It's like that will bring me more security and more joy.
Sam Anderson:And then after that it's guilt-free spending once you're at a debt, when you don't owe anything, to discover when that personal loan you took out is off the books, when that car payment is done, you can then go out and say you realize, oh, the three, four $500 off-paying on this card, the $300 I was paying on this loan, I have $800 now that I can take, the smarter thing to do is continue to either save and or invest. But it's a lot more options for you. The world becomes your oyster because the guys who advise me and the people who've coached me it's like they know how my mind works. Like I was about to go buy another investment property here a couple of months ago and my financial vibe was like dog number one.
Speaker 3:You were doing two months, man, like you got your hands on a lot of stuff Like the money's coming in.
Sam Anderson:Things are stacking up. You're doing exactly what you need to do, but I think you're in this mindset of like you're just so far behind everybody else that you're in this mode that you gotta catch up.
Sam Anderson:Let's take a look at what you got going on and, as we wrote this out, and looked at what my life looked like in 2014 compared to what it is now. Dog, you've come miles ahead of where it, like the person you were in 2014, dreamed of all the things that you've accomplished at this point. So I've realized. You know what the other stuff can wait. There are always gonna be investment opportunities. There are always gonna be business opportunities, but one thing's for sure if I don't pay this balance off, that interest is gonna continue to come Correct. So what's your thought process on investing, and should someone be investing their money prior to being debt free?
Tiera Byrd:That's a great question. It took me about three years to wrap my mind around investing, another year to actually implement everything that I'd learned, and I wish I had started investing in college, even though I didn't have any money.
Sam Anderson:I wish I had started investing.
Tiera Byrd:I learned about investing and I opened up a Roth IRA. At the time I was working for a nonprofit where I did not have any type of retirement account.
Tiera Byrd:So at that point I'm like oh, I'm not 80 or 70, I don't need to think about it but all my friends had like 401ks and I was like, well, I don't have one, what can I do? And one of my friends from college had told me to look into Roth IRAs and I was like I don't know what that is. Did all the research? Opened up a Roth IRA with Vanguard, learned about mutual funds, I learned about stocks, I learned about so many different things and I started investing $500 a month back in 2018. I was living at home, had no bills, so I could do it $500 a month. I did that for about three to four years and then I learned about. I read, of course, rich Dad Ported. I didn't like that book, but I read it and I learned about it.
Sam Anderson:I'll give everybody a caveat for that, because that was the first book that opened up. My read the first chapter, throw the rest of the book away. Essentially, that's all you need to do.
Tiera Byrd:That's literally all you need to do. So I read about that, learned about compound interest and I was like man talk to my parents about it. They had no idea what I was talking about, so I had to find some people who knew what I was talking about to kind of motivate me to continue to do it and. I had to surround myself with people who were smarter than me and who were wealthier than I was. So I had been doing that and I've been maxing out my Roth IRA.
Sam Anderson:So when you say maxing out your Roth IRA, how much are you allowed to put in each year?
Tiera Byrd:At that time it was $5,500 or $5,000. I think now it's $7,000. Now let's look at the grand scheme of a year.
Sam Anderson:Let's say then that first job you were making $35,000, $40,000 a year.
Tiera Byrd:That's what it was so to look at I'm pretty good all right, yeah, that's what it was.
Sam Anderson:So to look at your income $40,000, number one there are also advantages to that. So when you put it in a Roth IRA that money's not tax-lessing, correct, so explain that.
Tiera Byrd:Yeah, so the money that's put in, it's already taxed, right? So, if you know, I wanted to withdraw from that and when I'm 60, I don't have to pay taxes on that money Because it's literally money that I get paid after it's been taxed already. It's literally money from my paycheck, so it's already taxed, yep.
Sam Anderson:So that sounds like if you're making $40,000 a year and you take five grand of that and put it in investments, five grand off top sounds like a lot of money, but in comparison you still got $35,000 in your pocket. Absolutely To have that $5,000 there you're not and I know we got taxes and all that stuff.
Sam Anderson:But you're not gonna miss that money that much and that's why automation so much, where these things are automatically taken out of your paycheck and you learn how to live on less. What most people do is, like most people spend the money before they get it, absolutely Like knowing that oh boss has been talking about giving me a raise, like, oh girl, we're going to Cancun and we're gonna do this and we gotta get into a bigger house and oh yeah, let's go ahead and get you that new car you want versus. You know, let's remain at the level that we're at now. I think a lot of people me and my wife did this. Financially. It probably would have been smart. I still made a good deal. It probably would have been smarter for us to remain in our first home a little bit longer with our daughter than immediately just going out and buying another home. Like by the time second kid came we had to have that other house, but we probably could have got away with a mortgage that was $700 cheaper than what we're currently paying now.
Tiera Byrd:If we had just stuck it out there a little bit longer. Yeah, I don't wanna talk about mortgages and interest rates with mortgages, because it is insane. When we bought our house, I still can't believe how much we pay and what our interest rate is, because we were renting and then they tried to increase our rent up by $400 and we were like we were gonna buy in the middle of all the crazy market increases and we waited. And then people were saying, well, it's just gonna get more expensive and I was like, well, we don't need to buy. We can essentially go back and live at home with our parents and save money for a year, although that would have been annoying, but we could have done that from the financial standpoint. That would have put us ahead or stayed put. We would have been tight, but that would have put us ahead financially. So I totally get where you come from when it comes to mortgages. And we just bought our house in 2022, had our daughter in 2022 and bought her car four months three months ago.
Sam Anderson:So That'll sound like us.
Tiera Byrd:Yeah, I'm just like man. Where's all the discretionary money? I'm used to having $500 to spend on whatever I wanna spend on per month, after saving, after investing, after paying bills, and I'm like man. I need to get back to that level. Yeah. But your life changes when you upgrade your life and you get married and you have kids, they take all your money.
Sam Anderson:Yes, they do, they do. All of it. And they're a little terrorist. They walk around, they like, roll my eyes at you and temper tantrums Correct, I'm still paying for you to live here.
Tiera Byrd:Correct.
Sam Anderson:My daughter almost became orphan last night.
Tiera Byrd:Oh, no, she's three years old.
Sam Anderson:She's driving me crazy.
Tiera Byrd:Oh my goodness, oh my goodness.
Sam Anderson:So, looking at, let's keep going down the investment route.
Tiera Byrd:Yeah.
Sam Anderson:I'm not gonna go off RRAs as an option. Yeah, I'm like you in terms of the way you explained it. The stock market confused the hell out of me for the longest time in my life. Today.
Sam Anderson:I still don't think I fully understand the stock market, but I had to tell myself I have to stop letting ignorance get in the way of me creating wealth. So for me, I will never forget this. Obviously, you know me and my business. I'm in the marketing field. When Facebook was ready to announce that they were going public I don't know how I did it I got a thousand dollars set aside.
Sam Anderson:It was like a tough time to be able to do something like that. Thousand bucks set aside. I was like this is finally, because I've always heard people say only invest in the things that you know. Whether there's anything I knew at that time it was Facebook. So I said I got my thousand dollars off the side, wait for them to go public. And then I did the worst possible thing I possibly could have did. I turned on CNN and started listening to these professionals and they're saying don't invest in Facebook. We don't know what it is, we don't know how they're gonna make money. Blah, blah, blah. This is the worst investment you could make. If I had put that thousand dollars in the Facebook, what is now meta?
Sam Anderson:I mean, my money would have been 10X compared to what it is today so it still burns me up to this day but also understanding. And then a lot of times people will hear that and like, oh well, I missed my opportunity. No, I started doing fractional shares on Robinhood, which allows you for those who don't understand, say, for instance, you wanna buy a share of Tesla, which may be like 300 bucks or something like that. Robinhood allows you to buy fractional shares, so I can spend 100 bucks on a share of Tesla if I don't have the three, four, 500 dollars that it costs.
Sam Anderson:So I'm still in the game. My upside isn't as much, but just doing that little bit. I think in the last year my money had grown by like two, three grand just sitting in it and I just focused on the big ones like Apple. There's some camera companies dealing with the equipment that we deal with. I was like I know this business Like this is a good investment S&P 500, just putting somebody in there. And it was fun to see it's literally a game, you just see your money growing.
Tiera Byrd:It's literally a game.
Sam Anderson:I mean it's a risk yeah so what do you say to someone who's like and I always say it's always the people making like $25,000, but I mean, I wouldn't put my money there, blah, blah, blah? What do you say to the person who's like oh no, investing is too risky, I'd rather just keep my money in the bank.
Tiera Byrd:Yeah. So I will say to do more research. Number one it is a risk, but it's also one of those things that you have to be able to be patient with, because I think investing you're investing for the long term not for the short term.
Tiera Byrd:That's the way I looked at it and I think one of the things I liked about Vanguard they're not sponsoring this, but one of the things I like about Vanguard is that they have on their profile you can they will show you a list of investment vehicles based on if you want to be a higher risk Investor, low risk or moderate. And I told them I'm gonna be moderate, not too high, because starting off and they will show you the different things that you can look into investing to. They will give you scenarios and it's literally like you said. It's like a game. You can just play around with it, but investing is for the long game and you will lose money.
Tiera Byrd:You might log into your account today and it might say $5,000. Tomorrow it might say three, next week it might say 10. And it's just one of those things that you just have to be patient with and that's I would say. Don't look at it every day because it's definitely gonna fluctuate, but just make sure you do your research on what you want to invest in, and a lot of people say just invest in things that you use. Everyone has an Apple product, right, so everyone wants to invest in Apple. If you might want to invest in mutual funds. You might not like mutual funds ETFs I think I forgot what that stands for, but I have a lot of ETFs in mutual funds and my money kind of just goes up and goes down.
Tiera Byrd:I'm like man, if I was a higher risk investor maybe my money would go all the way up, but I'm happy with where it is now. But I would just say do your research and ask lots of questions to people who are investing and kind of figure out what works for you, because you can lose a lot of money and then jump in the stock market and just play around with not knowing what you're doing.
Sam Anderson:Yeah, and I think if you start to teeter out and listen to these guys that are doing day trading and stuff like that, number one, that's not for the average person. Stay away from that. I got my opinions about crypto. I do think crypto is gonna be a big thing down the road, but for the average investor I don't think it's a good move to make. But just staying with the big boys, like just investing into an S&P 500, sticking with your apples Ford has been a decent stock for me like just looking at different things.
Sam Anderson:If you stick with the big names, typically you're gonna be good. But it is one of those things just like with real estate, I've seen my whole value go up and down, up and down but we built our house for 280 and now we're sitting at a property value of about 396,400 grand, and that's in less than four years.
Tiera Byrd:Can we switch houses?
Sam Anderson:I don't think so. I wish we got it at the right time. I still got that 3% interest rate. Oh my gosh, yeah, and that's we got cause we do wanna start looking at the dream home here in the next couple of years.
Tiera Byrd:When did you guys build your home? What year?
Sam Anderson:2019. Oh man Well Gotcha yeah, so it was like right before the pandemic happened, when you moved in and then all that craziness happened. But my wife is itching cause she's a stay at home mom. She's like now this is my office, like I wanted to serve, like?
Tiera Byrd:Yeah, absolutely, and you have to deliver?
Sam Anderson:Yeah, but it's like like 3% interest right now I'm not paying 5% 6% 5.71.
Tiera Byrd:Yeah.
Sam Anderson:And I know things will fluctuate and it's like so for me, my main focus is just continually growing my income so that all that stuff evens out Right, but looking at on the investment side of things, just number one taking the leap. It's just like with entrepreneurship, like I didn't. There wasn't a business I started that I felt like a pro at when I started. Right.
Sam Anderson:I know anything about. Bubble soccer was a brand new sport, right. I didn't know anything about the laundry business I had. I wouldn't even wash it and fold my own clothes. Media company I didn't even do any of these services, I just hired contractors to do it. When we first started Property like been able to invest in a couple of properties. I still don't know what I'm doing, but all I know is I bought a lot for 3,500 in this value, that's 17K. Now it's been less than a year. That's so cool. So it's showing me like if you just take a leap, sometimes get with the right people, get the right advice. But to me it's far less risky investing my money than just letting it sit in the bank.
Tiera Byrd:Absolutely, and you did talk about investing versus saving. If you are not in a situation where you can save your money or you haven't developed great savings habits, do that before investing. I feel like when investing got popular, people said, oh, I'm invested, I'm invested and I'm like, well, let's put some money away first because if you don't know what you're doing, you're gonna lose your money.
Sam Anderson:Yeah, you can't have 1,500 in your savings and $20,000 in credit card debt.
Tiera Byrd:No, that does not make sense. So make sure you develop great savings habits first and then look into investing and you can set aside money, like I'm gonna invest. I know you mentioned like $10 a month or $10 a paid period of $25. Start small, get comfortable and see if you like it and then go from there.
Sam Anderson:Yeah, because, like the other day, me and my wife, we had some people over at the house during the holidays. Like I said, we've been in our house three or four years, so our couch is three or four years old. She's trying to be all cute and everything. And then, like, ran over and jumped on the couch while I was sitting there and I heard a little bump and I was like, oh, now I gotta go buy a new couch. So luckily it's not tore up or anything like that. But once I heard that crack in the wood I was like, all right, let me open up when we start putting this money.
Speaker 3:Name this account here like SOFA fund and start putting that to the side.
Sam Anderson:Cause these places will get you with, like, actually, furniture is what we got in a lot of our furniture. They'll typically do 0% APR for the first year and then the second. That 12 months is up. That interest rate spikes Absolutely.
Sam Anderson:So we've in the past just made sure that we had it paid off before the end of that first year but, now to the mind says like it's just more fun and secure, like just going in somewhere, like if you've, I've never experienced this. This would be one of my next big purchases is going into a dealership and paying cash for the vehicle?
Sam Anderson:Yeah, yes, Just pay cash, get it done with, don't have to worry about it. The other thing that allows you to do is is, once you're debt free, you have investments, you have that security nest. You can move differently. Absolutely.
Sam Anderson:So a guy I had on the podcast a couple of weeks ago, duke Dotson. He's the owner of Dotson Property and gather, the coworking space, all that stuff. He's told me a story how he started off and it broke, busted down for it explore. Then the money got right and he went and got an Audi. Then he found another business opportunity and he was like all right, well, the way I can get quick cash is selling my vehicle and going back to a beater again. But you can't make those moves if you're making payments on the vehicle.
Tiera Byrd:Listen, right, you can't.
Sam Anderson:So it just gives you that freedom to make different moves, where, like if I hear because I have a lot of people coming to me now wanting to invest in our vending machine business and it's just like when everything else is taken care of and you're like, yeah, I got 10 grand to throw at this and let my money grow 10%. Like you can move differently.
Tiera Byrd:Absolutely, and the higher.
Sam Anderson:I get up on my taxable income, the more I see the people that I'm being mentored and coached by. They ain't working as hard as me. At all. They had their period in life where they busted their button, they built their businesses and their portfolios and all that kind of stuff, but now they make money by loaning other people money. They've ultimately become their own bank and just collect interest off of everybody.
Tiera Byrd:And I've been interested in that.
Sam Anderson:Yeah, I mean again going back to the monopoly. It just becomes a game at some point where you're just playing around with these things. Let me ask you this, because I know people are gonna be interested in this when we talk about credit card points Do you have favorite credit cards in terms of, like, airfare cash back, like, what do you typically recommend to people?
Tiera Byrd:Yes, I have a Capital One Venture card and I love the Capital One Venture card and I think the thing I love about that is it's so many benefits. I love the points I was able to. We did a baby moon in 2022. And that was we didn't pay anything for our airfare. So I love the points from Capital One Venture card Also-.
Sam Anderson:That's with paying your balance off in full each month.
Tiera Byrd:Yes, absolutely. I think it gives you free. What does it call when you travel? Global entry? It's called Global Entry Free, global Entry. I can also exchange my-. What does that mean? No, when you go to the airport, you can skip the line.
Sam Anderson:Oh yeah for like. And then you have like the private TSA Pre -Check. Sorry, tsa Pre-Check.
Tiera Byrd:It gives you access to like the airport lounges for free. Yes, which I have not used yet, I can like for Christmas. I use my credit card points for gift cards. So I essentially didn't really spend any money on Christmas. Yep.
Tiera Byrd:There is an annual fee that I don't like, but I love the credit card, so it's fine. It's just $100 a year. Yeah, but I love the credit card. You have to have, I think, a 750, I think or 750 to 800 credit score to get approved for the card. And as soon as I got the card I got my credit score. I had grew 20 points in the first year.
Sam Anderson:Nice.
Tiera Byrd:So it's a great credit card to build your credit. With any credit card, you just have to be disciplined. But, like I said, I love the points, but I do pay my balance off three to five days after every purchase, after every swipe. Also, capital One is really, really great with you know if there is scamming or somebody takes my identity, they will text you like, hey, did you just make this $500 purchase at Target? And they send a text message. I love it.
Sam Anderson:Just for that alone. So I have up in banking, our business banking checking wise. It's been with local bank Chesapeake Bank. They're the only bank I've ever found that treats my money like it's credit card. Like Thanksgiving Day I got a phone call from the fraudulent department like, hey, did you make this purchase? And I'm like no, I'm not in Hong Kong right now. And they're like all right, we're gonna freeze the card, we'll send you out a new one in the next couple of days. On.
Sam Anderson:Thanksgiving. Day they text me, they called me, they emailed me, so within 10 minutes we had to figure it out. But that is a big reason to use credit cards because, a lot of banks and more like the heavy hitters like Wells Fargo's and Truist and places like that. Somebody steals your money, they don't really care.
Tiera Byrd:They don't care.
Sam Anderson:But if it's a credit card, that ain't your money, that's their money and they gonna make sure that's taken care of.
Tiera Byrd:You can dispute purchases, all the things, and that's why, when I'm purchasing something like online or whatever, I'm using the credit card, because if something goes wrong, that's not messing with my money.
Sam Anderson:Yep, and I also find it. I'm not sure my Capital One card. I use my Discover more, but in general I've seen with credit cards it's a lot easier to figure out what your monthly purchases are with the credit card, based on the software that they have. So you can see it breaks it down and like here's how much you spent on meals.
Tiera Byrd:Here's how much you spent on transportation Absolutely.
Sam Anderson:So each month you can be looking at that and be like, oh well, we went $300 over what we normally spend on restaurants let's keep an eye on that and make sure Yep it tracks your expenses for you.
Tiera Byrd:Essentially, you don't have to create a track assistant. That is your track assistant, so I think it's great yeah.
Sam Anderson:Let me ask you for you this is a personal question what do you I mean directly to you, but just in general what do you think the income is that most people need to look at in terms of not income, but in terms of savings investments for them to retire at a comfortable level, cause I've heard stories about guys who are UPS drivers and they retire millionaires because, they're making 50 grand a year, but they lived off of 35K of that a year and for 30 plus years they were just stocking, investing, and then by the time they leave their job, they're multi-millionaires.
Sam Anderson:I think a lot of people think they hear the word millionaire, multi-millionaire, and they're just thinking that's what's in your checking account right. The way my portfolio set up and the way my life is set up. What I wanted to look like is my Accounts, like investment accounts, and portfolio is way bigger than anything I'll ever see in a check-in incident. It's like my checking account. I really don't need more than a thousand bucks in my checking account at any given time my savings, as long as that's covering up to the 12th month.
Sam Anderson:12 month expenses. Yeah, we're good to go right for you. What is that typical picture look like for somebody and let's say, average I'll? I'll just use this stat because I just looked at the other day. Average male in America makes about forty six thousand dollars a year. So how can someone making forty six K I know it's man, it's crazy. Like back in the day I remember I got a raise and I was making like seven dollars and fifty cents.
Tiera Byrd:Now yeah yo I'm ballin, yeah, no, that's, that's nothing, that doesn't work, no, so for the average income.
Sam Anderson:So let's say a two-hit income household would be around 80k a year. Mm-hmm. How does someone stop living paycheck to paycheck, mm-hmm, and ultimately get to that point where they can see the end of the road and know that they're gonna be able to retire the way they want to retire?
Tiera Byrd:Yeah, I think it's. That's a great question getting ahead of your money, right. So I always say, it's not what you make, it's what you. It's not what you make, it's how you manage what you bring in, right. So you know, there are people out here who make fifty thousand dollars and that can save, you know, ten thousand dollars a year. And there are people out here who make a thousand, a hundred thousand dollars and they don't have, you know, nothing at the end of the year.
Tiera Byrd:So I kind of feel like you know what you make, it definitely matters. But if you, you know, make under fifty thousand dollars I know now, with inflation and the price of groceries and the price of milk, I think you just have to make the decision on increasing your income or decreasing your expenses. And maybe that means you're moving back home, you know, with your parents, maybe that means you are getting a roommate. I think if more people looked at what retirement will look like for them because a lot of people don't think about those things until they're at the retirement age and make some sacrifices now that can benefit them later, that will be helpful, because people, you, everyone is not going to be able to retire at 60 or 65, like our parents did if that's just not Work.
Tiera Byrd:That's not. It's just not reality, right? We see people 65, 70, 75, still working, still pushing groceries, still, you know, doing things at Walmart. Yes, they still have to do things. You know, to pay mortgages or to, you know, live right. Everything is just so expensive. But I think if more people took retirement seriously, maxed out their employer sponsored 401k plans, which is generally matched.
Tiera Byrd:At it's. It is generally matched dollar for dollar. It depends on the percentage based on the company. The company I work for does a very small match, but I up my match because I'm like I need to retire at this age and that's free money, it is essentially free money and if you are not aware you know what that looks like.
Tiera Byrd:You can, you know, contact your HR department and get them to walk you through it. But I think it's just so important to look at retirement Before the time comes and adjust your spending, adjust your life. Maybe that means picking up a part-time job. Maybe that means, rather than getting the 2024 card, you'll get a 2020 right.
Tiera Byrd:Maybe that means you know if you can afford the five hundred thousand dollar house by the three hundred thousand dollar house because what you're Going to do is set yourself up for success, and when it's time for you to retire, you don't have to think twice about that and you'll be set overall.
Sam Anderson:Yep, yeah, last question, as we wrap up here.
Tiera Byrd:Yeah.
Sam Anderson:I'll do daughter.
Tiera Byrd:Thank you. 16 months.
Sam Anderson:16 months, okay, yes so my youngest isn't too far away from that. This is something now I think largely about as a parent. We all know our parents always try to provide a better life for us than what we had absolutely. And I didn't grow up and I grew up in a great household parents still married like grew up in a great household. My parents never sat me down. I had talks about credit cards. They never. They told me biblically like 10% of what you make goes to church. I get that, but beyond that I didn't really get many financial lessons growing up. They didn't teach me about building my credit score things like that right, based on what you do now and the knowledge that you have, how do you instill this knowledge into your child as they get older?
Tiera Byrd:That's a great question. That's a really great question. I think you know. First, like you, my dad always told me to save money. He didn't tell me why, what for, and went to stop.
Tiera Byrd:So I started saving money and just saving it and saving it. I didn't know what was coming up. You know, I just always saved as much as I can, as often as I I could. You know he wasn't well-versed when it comes to investing. Now he just tells me to buy gold and I'm like why? He said just buy it, you know it'll pay off. I'm like I don't even know where to start. He always told me to save and save as much as I can and I think with my daughter I opened up Virginia 5, Virginia 529 account for her. She had a savings account which had more money than mine did before she was born.
Sam Anderson:But I think you can do all these things within the first three months of your job being born.
Tiera Byrd:Yeah, I did some of them before she was born and I just switched it over with her social security number. I think with her we're gonna start that money conversation early, right? You know, walking her through like hey, this is a savings account, this is a checking account, this is how money works. I cannot like she has a piggy bank at home that she loves and I was like, perfect, you know, we put money in that account, right. And you know, I told my family, family Couple, weeks ago, like I love the toys, I love all the gifts, I love the diapers, love the food.
Tiera Byrd:But this year, for her birthday and for Christmas, I want you guys to make contributions to her 529 account Whether that's five dollars, ten dollars too, I don't care what it is and that my goal for her is to start an investment account as well, so that can start contributing money for her and showing her how that works ahead of time when she starts talking. You know, just setting the foundation and just telling her why I'm doing these things and the importance of it, just making sure she doesn't have to. You know, not that I struggled, I had a great, a great upbringing, but I want her to be smarter than me. I want her to have money, you know, if she wants to buy her first car. I want college to be paid for which it will be.
Tiera Byrd:So. She doesn't have to, you know, graduate with debt. She can buy a house without having student loans and pay cash for her car. Maybe we'll, you know, gift her a car. The conversation will be different with her, the actions will be different with her. My goal is to set her for up for success Before she becomes a teenager. And then and then just explaining to her what that looks like so she understand how money works.
Sam Anderson:Yep, love that, yeah my kids ultimately have access to an empire. So absolutely. I need you to really understand how to be a good steward of money, because if dad kills over and there's $5 million sitting in the count for you, it ain't gonna be like ball to you fall type thing, like they got understand. No, I can't right if. I got five million and that means, you know, I my first job. I'm making 35, 40k. Mm-hmm.
Sam Anderson:I could just keep reinvesting that money, or I can go buy the property like my first home that I buy. I don't need a single family home by myself. Let me rent out these other two rooms and have my roommates pay Absolutely for me and things like that, so right.
Sam Anderson:I think it's very important that we continually have these conversations and probably what's it propelled me more in my financial journey Is having kids, is knowing that one day I'm gonna have teach them these lessons. Because I see these videos of I can't wait for my kids. I know everybody says, like enjoy the time you got with them now, like it won't be like this forever, but I really can't wait till the moment I could start Instilling life lessons in them right, you know enough.
Sam Anderson:Yeah, I've seen the videos of like a dad sitting with his kids at breakfast time. Be like okay, what's the definition of an asset?
Tiera Byrd:Right what's?
Sam Anderson:definition of debt. Right what does credit card mean like, and them being able to rip that off the top of their head and knowing without a shadow of a doubt, like this is what we do.
Tiera Byrd:I know how it works.
Sam Anderson:Yep, that's what we don't do Right so that when all their friends are out blowing their whole paycheck on a weekend at the mall? Yeah they're like nah, I'm just gonna take five bucks. I have a good time with everybody. Let's get my movie ticket, or whatever right and I'm just gonna let this thing keep right now I can.
Tiera Byrd:I can buy them all If I need to buy them all, but I don't have to buy them all. That's what we talking about. That's what we trying to get, yeah well, we appreciate you coming on today.
Sam Anderson:This is good conversation. Like I said, I've been looking forward to having this. If people want to reach out to you, get your services, how can they find you?
Tiera Byrd:Yes, so my email is forever frugal to a gmailcom, and that is two. And then I am found on Instagram and Facebook forever frugal, the number two there. And then my website is forever frugal, the number two, calm good stuff.
Sam Anderson:We love it. Appreciate you being here, thank you so? Much and we will see you guys on the next episode.