WEBVTT
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So,
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Hey, hello, hello, hello, and welcome to the Pink Money Podcast, and I'm your host, Jerry Williams, and we talk about all things related to money from the gay perspective.
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And today, I have a guest who's going to join me.
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His name is Gregory True, and he has written a book.
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And I have bought it, and I've read a lot of it.
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I haven't read it cover to cover, but it's really a great book that really walks you through, you know, kind of the A to Z in terms of achieving financial success.
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But the book is called Proud Wealth Building Abundance on Your Own Terms by Gregory True.
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So you can find it on Amazon.
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That's how I found it.
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But hey, welcome, Greg.
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Hey, thank you.
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Thank you for being here.
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Thank you for inviting me.
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I really appreciate it.
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Yeah, it's, it's super exciting because, you know, I always love when things are aimed directly at the queer community and believe me that word, I'm still trying to adjust myself too.
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So
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if
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I slip in and out with gay or LGBT, no, it's not meant to offend anyone.
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I know people have very strong opinions about that, but I'm going to just kind of go with what falls out naturally to me.
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So anyway, can you tell me a little bit about yourself and what prompted you to actually write this book?
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Yes, a good question.
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I am a queer entrepreneur.
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I've been in, I have multiple businesses right now and rental properties and multiple homes and all that stuff.
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And there were two things in my life that prompted me to think about writing a book like this.
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The first one was The Death of My House.
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which was nine years ago.
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Thank you.
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We were in business together.
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We lived together for 20 years.
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And when he passed away, the, you know, dealing with the attorneys and the properties and his family and when he was sick, even the medical issues, thank God we were married at the time because if we weren't, it would have been a lot worse.
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So I decided, I mean, even though even at that point, after all that happened, it took three years to complete the will and get that all situated.
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And I just said, you know, somebody needs to tell other gay people that this is what you're going to go through as a gay person.
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I mean, I even had the attorney ask for my marriage license to prove that I was really,
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that we were really married.
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And you know, they would never do that with, and I
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asked them that.
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Yeah.
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Yeah.
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It's ridiculous.
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Yeah.
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So, I I mean, again, my condolences out to you, you know, on the death of your husband.
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But so did you guys put your estate planning documents in prior to him getting sick or?
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Yes, we did.
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Yeah.
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Okay.
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Got
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it.
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Oh, yeah.
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He had wills, the will done.
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Everything was, you know, lined up perfectly.
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I mean, there was, you know, from the time he got sick to the time he died, there was two years.
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So everything was planned perfectly.
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However, his family, you know, when there's a death and there's money involved, people change.
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For
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sure.
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One hundred percent.
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You know, and it just, you know, I considered them family at the time, but I haven't spoken to them since.
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So, you know, that kind of explains that situation.
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So none of my business, really.
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But let me ask you this.
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When it came to a service and deciding, maybe again, this was all in the will, but was there any dispute on, let's say, whether he wanted to be cremated or buried at a certain place or, you know, how?
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Oh, yeah,
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there was a lot of discussion on that, but I knew exactly what he wanted and I did exactly what he wanted.
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So regardless of what anybody else wanted.
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Okay.
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And did they come to a service that you guys had for him or no?
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They did.
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Yeah.
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Oh,
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okay.
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And I think that was the last time I saw them.
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Got it.
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Yeah.
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Well, I mean, what's the point really, unless you were good friends or something.
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You
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know, I don't know.
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And then after that, I mean, I have employees at my shop, the dog grooming shop that I have and a pet salon.
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And I have a lot of girls that work for me.
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And a couple of them are queer.
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And one of, I mean, they make good money, very good money.
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And they always complain about debt.
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And one day I just said to one of them, I said, you know, you make way too much money to be having debt.
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And she said, I know, but I just can't handle it.
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I can't.
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Because you're a certified financial planner, right?
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Yeah.
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And that's my big thing is, you know, don't ignore it and move forward.
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Let's sit down.
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Let's look at it.
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Let's see how we can take care of this.
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And so I've done that with most of my employees at this point.
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That's great.
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That's great.
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And
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I mean, the straight ones and the queer ones.
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I mean, is that all your employees?
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That's what you're saying?
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All of them, regardless of their orientation?
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Is that what you said?
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Yes.
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Oh, that's great.
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I mean, honestly, that's fantastic.
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Are they more geared like your book, I kind of felt like your book was geared towards that, you know, the 20 somethings, not that it is
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because they're all in their twenties.
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And it just shocked me that they don't even know how to write a check or go into a bank and write a deposit slip.
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Or, I mean, they have no concept of any of that, that, that still, you know, I mean, I know the world has changed and there's banking and all this stuff, but it is still important to be known at a bank.
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Right.
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Yes.
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Yes.
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100%.
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In fact, I'm, I'm kind of letting the cat out of the bag a little bit here, but one of my episodes coming up here is going to talk about, you know, the strategies towards opening a business and some of the do's and don'ts and how to kind of get up and running.
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But so that's great.
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Yeah.
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Because there are so many pitfalls and like a friend of mine, I mean, I shouldn't even, this is opening a can of worms, but like she's getting ready, wants to open a business and yet she wants to Right.
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Right.
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Unnecessary episode, in my opinion.
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But going back to you, let's go back to your book.
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else they're like i whatever you just said i'm completely paralyzed by fear because i don't know what i'm doing and that just sounds like way too much for me right now right but i liked in your book how you said a lot of things and to me it felt very comforting and i don't want to really sound too patronizing but hand-holding that's kind of the feeling i got Well, that's nice, yeah.
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And I guess, again, because when you're talking to a certain demographic, I would think that that would be comforting.
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Yeah, that was always in my head, the 20 somethings that, you know, have no idea how to handle money.
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And so I was trying to put it in a way that's not judgmental in any way.
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And that, you know, hopefully, you know, you can grasp like one concept and then it moves into another.
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Yeah, yeah.
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And plus, in the online book that I bought, you have the link so you can click on the area of focus that you want to read.
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So, you know, that takes you there a super fast.
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If you don't want to go into, let's say budgeting, you want to learn about, about investing or whatever.
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Right.
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So I wanted to
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be used as a resource.
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Correct.
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Yeah.
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Yeah.
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I think that's really cool.
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So how long has the book actually been out?
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When did we launch in July?
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Oh, okay.
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So pretty recent.
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Got it.
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Yeah.
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It's fairly recent.
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Yeah.
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It's been weeks now in that month.
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Yeah.
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Well, I think it's still timely and you know, in this current environment, I, I sort of, harp on the fact that, as you mentioned, estate planning is so important because we know that with this administration, anything can happen.
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And if they pull the rug out from underneath this in terms of overturning gay marriage, then that's going to be a problem for a lot of people.
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Correct.
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Yes.
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Yeah.
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And actually,
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I'll share a little personal stuff with you, too, is that my boyfriend and I had just talked about getting married and we're going to get married on the 22nd.
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So we from tomorrow.
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So we've been together for a couple of years and, you know, are we moving it up a little quickly because of the Supreme Court's decision?
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Probably quicker than we would have.
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Right.
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But I we think that it's probably prudent to do that now.
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Right.
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Right.
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Right.
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And, you know, online, what I mean is I know that there are gay lawyers, et cetera, that are putting information out there and creating strategies to help people shore up their estate planning documents.
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And what I mean by estate planning documents is, of course, your normal will, powers of attorney, you know, living will, those kind of things.
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But, you know, there are other documents.
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In fact, one of these attorneys, she put together nine essential documents that you need and they I don't know exactly where she's located at but like she even put out there that you can sign up online and go through this and it's reviewed by real attorneys and based on where you live then they may consult with an attorney who's licensed in that state to make sure you know all their I's are dotted T's are crossed because states have weird you know requirements on a lot of different things you know so you don't want to find out or you may not even find out your loved ones may find out that, hey, we didn't do this right.
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And now when the time comes, your document's basically worthless, you know, so.
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Right.
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Yeah.
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That's when the term marriage and husband comes into play, where you need that, you know, but.
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You know, another thing that I noticed in your book was the theme of discrimination.
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You mentioned that a few times, and I was curious.
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Now, have you experienced a lot discrimination in your life yourself or have you had a lot of friends that have experienced this and that's why it became more relevant for you
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I was yes I worked for a retail company and I was in management and at that time I was oh god in my 20s I'm assuming and I wasn't I wasn't out at that time and I did There was not, there were, there were not rules about dating inside the company.
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And I started seeing one of the guys that was there who was an employee and the word got out and yeah, I was let go.
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So yeah.
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Just
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like that.
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Yes.
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What did they say to you?
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Well, they made up a story that was not true and blah, blah, blah.
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So, I mean, you know, I, did I consult an attorney?
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Yes.
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And, you know, could we have taken it further?
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Yes.
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Could I have gotten probably, but you know, at that point I was in my twenties and I was like, you know what, let's just move on.
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Yeah.
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Right.
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Exactly.
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And who knows?
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Yeah.
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Yeah.
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And that, that sucks.
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That's all I can say.
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That really sucks.
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And, you know, because like you even mentioned in your book, it's not always as easy.
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easy to spot, you know, sometimes it's very subversive and you know, they, behind the scenes are like, well, we don't want this, you know, guy here anymore.
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Let's get him out.
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So that sucks.
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Um, however, you know, when I went into business for myself, I, I have found that it was, it was definitely a plus being authentic.
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People attract to that more than not being authentic.
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And so I, you know, it was easier to be myself.
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I, I found.
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And you mean in like in, With business relations.
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Owning my
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own business with clients and, you know, it just, you know, it seemed to be better for me to be authentic and be real.
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I think people can tell when you're hiding something.
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Yeah.
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Because you just sort of are evasive and you give that, you know, vibe out that something is, you know, not right.
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And you're like, hmm.
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Right.
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I don't know.
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That's always my fallback, too, because I, you know, it's kind of, it is difficult to come out.
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right?
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I mean, it just sucks.
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It sucks.
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You know, straight people never have to come out.
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They just start, you know, they go about their damn business every day.
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They don't have to have that conversation with mom and dad or the bank or anybody, you know, they just go about their daily lives.
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We almost every interaction.
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We're like, Oh my God, here we go again.
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Here we go again.
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Yeah.
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Like when you make an appointment at the bank, you have to say, well, my, my husband and I are coming over and you know, you feel the need to say that before you come in.
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So it's not like a shock.
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Yeah.
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And you know, recently I did a an episode about I did an experiment applying for life insurance because I wanted to show the difference in like those come all life insurance plans like the colonial life and whatever and then you know you get a quote from one company you get a quote from another company and you know life insurance doesn't have a price tag on it and so it's difficult for a lot of people the average person even you know professionals to really ascertain you know are is this a good price that I'm getting you know is this premium reasonable what is the cost And anyway, when I was getting a quote from this one company, we got to the point of him asking the agent asking me about, you know, who's going to be the beneficiary.
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Right.
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And I said, well, the person I'm going to have Dalton be the beneficiary, which is my husband.
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I didn't even really think about it.
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I should have said, you know, my husband, but I didn't.
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I said, well, I'm going to have I think I put Dalton Hager on there.
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He's like, oh, OK, your wife.
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And I'm like, and I was going to I was tempting to jump in.
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But he's one of those people that it's hard to get a word in edgewise.
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because they're constantly talking and I was like what uh-huh yeah and he's like is that DALT I'm like yeah it's DALT okay well I'm like I'm just gonna give up I'm just gonna let it ride because it doesn't really matter and like he told me anyways like yeah well this is just for the application process and as soon as this goes through you can change it to whoever you want I'm like right okay well yeah I'll fight that battle later on down the road if I have to but I'd rather just get off this call right now but that's here nor there But, you know, again, you know, with your book, I really liked, again, that there are so many really important pieces that I think that touch the average person that they really should know about and have the ability, like you said, to use your book as a tool sort of to go back to and go, uh-huh, I did that.
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And this is how that works kind of thing.
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Yeah.
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Yeah, that was my goal when I wrote it.
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And, you know, it took me a while to get it all together.
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Not bad, not
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bad.