Episode Transcript:
Miesha Williams 0:11
Welcome to thenetworthy podcast. I'm Miesha Williams sharing with you money, tips, tricks and advice for the rest of us how to get it, how to save it, how to make it work for you.
Miesha Williams 0:26
Hi everyone. So I have been a little MIA lately. Last week I decided not to record. I didn't really make an announcement saying that there wouldn't be an episode but I looked up like two days after it should've went out and was just like, Oh yeah, that was supposed to happen. And I'm not gonna apologize for it. But at the same time, I won't pretend like it was planned. And it kind of just felt good to not do anything. Of course I'm still working but to just have a week where I was completely relaxing. It was pretty nice. So I had a couple people reach out to me asked me where the episode was I actually told a few of them that I laid myself off, which that's the energy that I'm still giving off this week. But I am here.
Miesha Williams 1:12
But I am here to say that if things your life is looking a little different than usual, maybe your money situation isn't the same as it was a month ago. Then try to focus on the things that you need right now. You know, make sure the roof stay over your head, make sure that you're fed, make sure that the lights stay on, anything that you can. Call all of your credit providers, your bill companies, your phone companies, and let them know that you have been affected by what's going on because a lot of them are either pushing back payments or trying to do something to make this a little easier on us. I know it could only get but so easy when your income has been restricted.
Miesha Williams 1:54
For those of you who are lucky enough to still be having your regular income, then you may want to start looking at what's coming in and what's going out and kind of like redo your budget because other things may have changed. You know, I don't remember if I mentioned this in the last episode, or if this is a conversation I had with someone else. But like me, I park when I park every day at work, I usually pay $8. So I'm saving a little bit of money from not having to drive into the office. So I was taking that money and throwing it into savings. I was actually putting it into acorns every week, so I just upped my contribution to acorns to cover the money that I'm no longer paying to park. That way I'm not you know that it's not just sitting there or I'm not spending it on something else that I don't need.
Miesha Williams 2:42
But I do need to go back through my expenses for the next upcoming months and see what else has been cut back on you know, because like I'm no longer paying for gas. I'm not spending as much on food as I used to. You know, so just like redoing my budget, it might be things that are a little higher, you know, because we're home like 24/7 now.
Miesha Williams 3:06
So this stimulus check that was passed. Whenever that does come into play, a lot of you will be trying to figure out what exactly you should do with your money. I am not the type of person that would tell you where to put your money. I hate doing that. I hate seeing other people do it because it's, you know, what's going on in your life is what's going to determine that you know, so if you need to save it, make sure you save it if it's something that you need to buy food for the right now make sure you do that. If you want to put it into the stock market with how crazy it's going right now. Okay, I'm going to be the person to tell you not to do that. But I know a lot of you, you're going to do what you want. So have at it. If you was thinking of buying yourself something nice. Whatever, whatever you want to do with it. I would recommend see I'm not telling you what to do with your money, but I would recommend to try to put it into some type of savings that you have easy access to Because like I said, we really don't know what the next couple of months is going to look like. So just because you're good right now, does not mean you'll be good in the upcoming weeks. Like I said, I like to prepare for the worse. I know a lot of people don't like to do that. But I like to prepare for the worst because sometimes the worst does happen. Let's not get a little dark here. But you know, for those of you who decided to throw your money into stocks, when the market first started going down, and did see that dip I want to pluck you, like I just want to say it because I said it like 10 million thousand times on Instagram, okay, the market is going crazy right now. Y'all are gonna see some changes. So y'all listening to everybody. Y'all, uncle's cousin, Granny, Mama's baby mama, everybody telling you invest in stocks of US stocks, invest in stocks, whatever. Like Okay, yeah, on the like, top layer of things. That's good advice. But when you really like, get into it, whatever. Y'all don't know what y'alla re doing.
Miesha Williams 4:59
If you don't know what you're doing. And you threw your money into the stock market because I've had people ask me this too. And you seen it when it dippd. And you got scared and you pulled your money back out, then guess what you just locked in, your L. Okay? And I warned y'all against doing that. But for those of you who put money in and you've seen a dip and you are still in, then ride it out. Okay, this is about to be a crazy couple months, years, who knows? So guess what, you're in the game for the long haul. Now. ride it out. The market is volatile, it's some stuff going on? It's gonna be okay. You know what it might not be okay. But we're gonna see at the end of this, okay.
Miesha Williams 5:42
If y'all are really that pressed to start investing right now just because someone is telling you like this is the best time to I would suggest starting with doing a little research, figuring out exactly what you want to invest into and how to make that work for you. So don't just go in blind. do a little research and for those of you who are home with your side hustle and just don't have the motivation to get things kick started Don't feel bad don't feel like you have to create right now I know a lot of people are like throwing out all these new ideas and thes dope ass things that they want to do now that they have time in their home 24/7 but don't feel like you're pressure to do that. Like even Drake, did y'all see that song. Let me tell y'all Drake is a genius, okay, because he put out that song because he was sitting at home I just know he was sitting at home watching Tick Tock and was like shit, I can make a song in five minutes. That will be on Tick Tock and he did that shit. Genius, smart. Okay, but we're not all Drake. Not saying that you guys aren't smart, but like, if you just don't feel like half assed throwing something together right now during this time just because you're home and you feel like you have to, then don't do it. Don't burn yourself out. Trying to keep up with what is going on on social media, you know? So take the time and relax.
Miesha Williams 7:01
Take the time and do your research for what you want to start getting to reach out to the people you love. If you feel like you need to reach out to them, if you're like me, and you're more at peace when no one's talking to you, then make sure that you're taking your days, like completely to yourself. Yeah. So I'm gonna wrap it up. I know this is a little choppy, and I do apologize for that. But I had a couple of things that I did want to touch on. So my last message is for those of you who believe that the Coronavirus is really due to 5G, I know you've seen the conspiracy theory floating around that this is a 5G virus. This message is for you people only. I know a lot of people don't believe in your views, but I am here for you. So in order for us to fight this 5g virus together, there's something that we can do. We can pull our money and resources together. So what I need you guys to do is open up your cash app app, cash app and cash app me. So like cashtag is $MIESHAXO again that is $MIESHAXO at me at $mieshaxo and we can stop this 5g virus. Thank you very much. Don't ask where the money is going. Just know that it will be used to stop this 5g virus see y'all.
