Jay C. answered 06/14/19
Graphic Designer with 20+ years Experience using Illustrator
Convert your type to outlines and then you can cut the shapes horizontally and make them any colors you wish.
Try this first:
Look at your type in Wireframe mode (CTRL + Y toggles)
Then convert your type to shapes:
Menu >Type > Create Outlines
Ctr l+ Shift + O
Notice how different the type looks now that it is a shape with editable vertices and lines. You can now work with these shapes just as you would with any other.