Ain't Nothing Wrong With A Prenup

people that you pay for the final set. Okay. So if you have questions, you're gonna go to Brand Ambition Podcasts at gmail dot com or Brandhambition podcast dot com click contact us, or my favorite Brand Ambition podcast on Instagram sliding the dms, and we will answer as many questions as possible about money, about career, about business. We got two questions today. First one is from Doctor Divorce. Okay, Hello, beautiful ladies. I'm such a fan of your show and

love the both of you so much. I'm got some law of your success. Thank you, girl. I divorced in twenty nineteen, and I'm still dealing with the financial aftermath. Yes, I'm finally approaching the settlement wow, the sale of two properties woof which will result in over two hundred thousand dollars for my share. I have been researching how to avoid property gains tax. But I'm not of real estate pro. Okay.

I purchased the first home when I was single at twenty four years old, and later added my ex husband, Ah, she has a clown emoji and a crying emoji. That's not that doesn't make you a clown girl. He was married. So I'm feeling a little burned. I just want to make a good decision moving forward so that this money can grow. I'm now a single mother of one son. I'm currently about thirty thousand dollars and dad plus student loans. I have depleted all of my savings on legal fees.

My plan is to contact a financial advisor. But in the meantime, can you ladies throw some ideas my way? Okay, I too, am not a real estate pro. What you are going to need, divorce doctor, divorce A is you absolutely you need two people. You need an accountant asap, and you need a financial advisor, because an accountant is going to be able to tell you, like how do

you minimize capital gains tax? And that's when basically you've made money on an investment, you know, you sold your home and they are taxes that have to be paid. I don't know when you wrote this in, but you're gonna want to sit with a accountant and in conjunction with your financial advisor. So a great place to find a financial advisor. I actually started this free matching program. Go to is it your money I always forget I think it's your your money yep. Go to your moneymatch

dot com? Oh oh child, want is it down? Maybe it's not your money match. Let's see is it my money match? No child? Ugh the ghetto. But by the time you you go, it should be up. I don't know. Well anyway, your moneymatch dot Com. Oh yeah, so it is your money match dot Com. But for some reason, my computer is saying it's down, which it should not be because it's on my website. They're playing. But go to your moneymatch dot com and you may make myself a list.

You will be able to fill out this kind of questionnaire, a quick questionnaire, and it will match you up to three financial advisors based upon this kind of questionnaire and figuring out what do you need? Okay, hey, ba fan, we're gonna take a quick break and we'll be right back. So that is a good place to start looking for a financial advisor. We partner with this company called wealth Ramp to match you with certified financial planners only. That is key. Doctor Duvore said, you want to see s

P c FP Certified financial Planner. What is that? A certified financial planner is the gold star for all financial advisors. I want you to think of a financial advisors like saying I'm a teacher. That's great, But a CFP is like saying I am a I am a what is it called? Like? Not just a teacher, I am a college professor with their doctorate. It is the top tier of teachers. Certified financial planner because one, they have to

take all these tests and all these things. They also have to do continued education, and they have to be a fiduciary, which they really all have to be, which means they have to put you, put you first. I got to put you for solutions, right, and so yeah, you want a certify financial planner. But that's why I like working with Ralph Ramp. Get your money match, go to your moneymatch dot com because it's important that you

know what questions the ask. So I give you all these free resources that even after you get matched, the questions to ask how to prepare? All that is free at your moneymatch dot com. Obviously, working with the financial planner is not free, but the tool that I give you is free, which is really things some things to consider.

I personally don't like paying a financial planner as au M, which is assets under management that means they get a percentage of the assets they manage for you, because that gets to be very expensive. I'd rather pay out of pocket. You know. Also too, what I look like about certified financial planners is they don't sell you, like insurance and

things like that. You don't want to financial planners that's going to be selling you stuff because that's a salesperson, not a certified financial planner, because oftentimes people will sell you things that are that will make money for them, like don't even come for me for you financial Advisor's girl, because my block game is strong, like whole life insurance,

which is largely a poor fit for most people. You pay seven hundred dollars a month for a million dollar policy when you could be paying forty dollars a month for a term policy for thirty years as an average forty year one who doesn't smoke, and that six hundred and fifty sixty bucks you could be investing, you know. So so some financial advisors will be selling you that because they get so much money on the back end. They don't get much money with term. So that's why

I want you a certified financial planner. They're not selling you anything. I prefer you pay out of pocket. You can pay monthly. You could even just pay for a plan, you know, like you don't even have to if you don't want to work with them for a year. You could just say how much to work with you for this particular situation. You know. Sometimes you they're like, oh, this is a three month process and it might cost you, say fifteen hundred, two thousand dollars or whatever. Just so

you know the math. You could pay on the low end for financial plan if you are going to pay monthly, you're looking at like five hundred bucks a month. On the high end. I want to say, well, I don't know if this is not the highest but I'll tell you what I pay. Let me see calculated, because I pay about fifteen thousand dollars for the year. But my financial planner, certified financial planner, Ajulie doesn't just do me personally. She also does my businesses. So thousand for all of

that divided by twelve o'kirl, fifteen thousand. I think I pay in fifteen thousand, give or take, divided by twelve. So for Angelie, that's twelve hundred and fifty dollars a month, which sounds like a lot. But she does the Liberatary Academy. In my business, she does the Budgetista, and she does me. So that's for all three of us. So yeah, so and so because of that, it's a write off for me. So that's on the super high end. Yeah. So that's

what I would suggest for you to doctor divorce. And I wouldn't want you to make a move with the debt and the student loans until you sat with the planner because it's important to understand holistically your life and then they can help you decide with that two hundred thousand, what's the best way to reduce your taxes, to minimize your debt, and to move forward with your goals. Okay, all right, well we're gonna take a quick break and

we're gonna be back with our second question. Y'all. We'll be back okay, and I'm back and black and sweating child. It is how under these lights, all of the lights. Okay, we got someone. So if you don't want us to say your name, please give us a fake name. So she said you would call me Sash. Okay. My husband and I have been married for five years and we

have a three year old Okay. I have always made more money, which is very typical, like you know, people don't want to say, but many, many, many women make more money than their partners, and we split household bills equitably given the income difference estimated seventy thousand dollars for him versus one hundred and twenty five thousand dollars salary

for me. Okay, So what she means by equitably, it just might mean like twenty percent of her income ghost to bills and twenty percent of his income ghost to bills, although the number might be different. Obviously it is. Unfortunately our match is becoming increasingly strained. Ooh, and feel that it may end. I'm sorry, to hear that while we work through counseling to see if we can work it out, I'm acutely aware that me making more may put me

at a disadvantage in divorce. Okay, what steps would you recommend me to protect my savings that has been accumulating largely before our marriage and completely from my own money, Oh girl, In the event that the worst happens, I want to ensure I can provide for my child comfortably, hopeful, but pragmatic. So you're being really smart. Here's the thing. So when my late husband and Najerill got married, you know, I had already started the budgetist. I had already started

the literature academy. So I had a prenup because I said, you know, although I loved him dearly, obviously that's why we get married. I said, if something were to happen, I didn't want that my businesses would be under fire,

and so we had a prenumtial agreement. So, as a result, the prenumptial agreement basically stated that the stuff that I brought into the marriage before getting married belongs to me, when like my businesses and such, and the stuff that he brought into the marriage belonged to him, like you know, any money that he had set aside, and that anything that happened during the marriage belongs to both of us.

And unfortunately, depending on where you live, that's likely going to be the case that even though you have savings from your own money when you're married, and no such thing as your own money unless you have a prenum stating that. This is my understanding. I'm not at a toorney. So here's what I would do. Hold on, let me go get the book. Actually have her with me. Who was perfect. Oh okay, so I have this book. I'm holding it up. If you're watching on YouTube, it would

be helpful. It's called financially Lit by Deanie Torres. We actually had her on the show. Now here's the thing. Denice went through a divorce. She was making significantly more than her partner, and I would follow Denise J A N N E S E. Taurus. I would follow Denise. Oh, what is her name on? Her name is not? I can't remember what her name is on Instagram. I was just type in Jenny's torus. I can't remember what her name is on Instagram. No, that's not her. It's not

Financially Lit Girl, What is your name? The Modern Latina's Guide? Oh lord, I can't remember. But anyway, Denise went through a divorce, it went in her favor. She, like you, was worried about those things. So I would follow her because I believe that she has created posts about how she was able to navigate financially and come out ahead despite you know, her making more money than her ex husband.

So and I think she might have even created aside from her book Financially Lit, which I don't know if it's out yet, but it might be. I think she might have created some like tools and resources. But I would follow look through some of her posts, especially some of her later posts or her earlier posts, because she talked about it a lot. I might even hit her up.

I'm not even gonna lie yeah and just say hey, do you have anything, because she would be the perfect person because she she was able to do so and do so perfectly. You know, we love the Latinas around here on the Brown Girls, So that's what I would do.

But just know that money that you accumulated like separately, you know, like even while in the marriage, is considered probably meritable marriage property, like collectively together, So I think you are doing the smartest thing, which is to ask around. I would also engage potentially in an attorney to ask those things now too, because I too am pragmatic. That's why as much as I loved my husband, I'll know I love Superman down to the ground as much as I loved him, I had a free nup because I

loved him so much. But I said, just in case, just in case. So because I said, I'm still pragmatic as well, because things happen. You can love somebody and it just not work out or whatever. So one I would be reaching out to an attorney just ask some questions to say, like what things I can do based upon your state, and then I would reach out to Janice torres on Ig. I would follow her with some

of the things. Like I said, I'm almost positive when she was going through her things that she was like posting some tips and tricks, and if not, I was side on her DMS because she is super chill, super nice, super smart. Well, Sasha, I hope it does work out. Because marriages can certainly be hard work a lot of effort. It doesn't mean that just because something requires effort does not mean that it's not a good thing. You know.

I pray that if you're wanting it to work out, that it does work out, that this is just a rough patch, if that's what you're wanting. But I also pray that if it doesn't work out, that you have prepositioned yourself for financial stability. You know. I don't think there's anything wrong with that. I know some people are like, oh, I'm here for life if you want a prenup, if you and oh girl bye. Like I said, I love

my husband down to the ground. And we had a prenumptial agreement because I just said, God forbid anything happened, because anything can happen. God forbid anything can anything should happen. I want to make sure that I'm protected, my businesses are protected, and my future is protected. But it didn't mean he was left out. We built things together. That absolutely.

We purchased homes together. We did, you know. And when I say together, most of the money that we purchased the homes with was me, not even most it was my husband. The money that he made, because he made significantly less than me, we put it toward the bills. And then the money that I made, we saved and we invested it, so our investment accounts we would have had to split fifty to fifty and the homes purchased.

And I was okay with that because I said to myself, well, this happened during the marriage, but I was not okay with split in the business that I had created before him if something were to have happened. You know. So just like there's nothing wrong I think with being like smart about as a woman about your money. Like I said,

I wish you well either way. If you have questions like Sasha that you want answered about business, about money, about career, about entrepreneurship, slide into the DMS brian A Vision podcast on ig Brianna Vision pot Cast at gmail dot com or go to a briannavisionpodcast dot com and click contact me. I hope this was helpful. Oh and I just wanted to say before I jump off. Oh man, So today is the last day for our amazing, amazing producer Emani. She is going off to greatness and she's

gonna producing her own show. So we wish her well. She has been such a joy and a delight to work with. This is just you know, we have been just a stepping stone on her way to greatness. Honey, we wish Emney well, you know certain you can slide into DMS and tell her good luck on her future endeavors. And you know we got you Miney's phone number, so you know, you never know, we might have your money back on the show to be talking about her journey

and such. Okay, all right, y'all until next week. Bye,