1 00:00:00,040 --> 00:00:02,680 Speaker 1: Li's say good morning now to the host of How 2 00:00:02,759 --> 00:00:04,000 Speaker 1: to Money on KFI. 3 00:00:04,000 --> 00:00:07,120 Speaker 2: It's the very own Joel lars Guard Morning, Joel Morning Amy. 4 00:00:07,440 --> 00:00:13,200 Speaker 1: Okay, so five G home internet is becoming a big thing. 5 00:00:14,400 --> 00:00:16,160 Speaker 2: Should we bite? 6 00:00:16,400 --> 00:00:19,520 Speaker 3: So that's a good question. I mean, I think five 7 00:00:19,600 --> 00:00:22,880 Speaker 3: G home internet is really cool, and it's just nice 8 00:00:23,000 --> 00:00:28,200 Speaker 3: to have another competitor in the space because typically in 9 00:00:28,320 --> 00:00:31,080 Speaker 3: most of the country it's been like a duopoly, like 10 00:00:31,080 --> 00:00:34,480 Speaker 3: there aren't many choices, and when you're pitting just two 11 00:00:34,840 --> 00:00:38,400 Speaker 3: companies against each other in order to try to get 12 00:00:38,440 --> 00:00:41,760 Speaker 3: the lowest rate, they're often not nearly as willing to budge. 13 00:00:41,800 --> 00:00:46,400 Speaker 3: And so we've seen this because of technology and just 14 00:00:47,400 --> 00:00:50,320 Speaker 3: we've seen some basically growth of a third competitor that 15 00:00:50,400 --> 00:00:54,320 Speaker 3: started with like T Mobile and Verizon, and they've offered 16 00:00:54,360 --> 00:00:57,360 Speaker 3: reduced rate home internet service through five G and you 17 00:00:57,400 --> 00:01:00,400 Speaker 3: don't have to pay extra for the herd were and 18 00:01:00,440 --> 00:01:02,520 Speaker 3: stuff like that. And then even now the nbnos, the 19 00:01:02,520 --> 00:01:05,880 Speaker 3: mobile virtual network operators, the super cheap cell phone companies 20 00:01:05,880 --> 00:01:09,320 Speaker 3: that I'm a fan of, are getting in on on 21 00:01:09,360 --> 00:01:12,520 Speaker 3: this industry, and so Mint Mobile in particular, they just 22 00:01:12,720 --> 00:01:15,800 Speaker 3: launched five G at home internet service and if you 23 00:01:15,920 --> 00:01:17,679 Speaker 3: are a Mint Mobile customer. You can get it for 24 00:01:17,720 --> 00:01:21,160 Speaker 3: thirty bucks a month, which is pretty great. I think 25 00:01:21,160 --> 00:01:23,200 Speaker 3: that's like less than half of the average cost of 26 00:01:23,200 --> 00:01:26,160 Speaker 3: what most people pay every month for home internet. And 27 00:01:26,200 --> 00:01:27,959 Speaker 3: some people might be saying, well, it's five G, Like 28 00:01:27,959 --> 00:01:29,399 Speaker 3: how fast? How fast is it going to be? It's 29 00:01:29,400 --> 00:01:31,280 Speaker 3: not going to be the rip roar and fast speeds 30 00:01:31,280 --> 00:01:33,240 Speaker 3: that I'm used to. Well, it's it's going to be 31 00:01:33,880 --> 00:01:36,240 Speaker 3: based on what Mint Mobile shows on their website and 32 00:01:36,840 --> 00:01:39,520 Speaker 3: everything I've seen and heard, we're talking about one hundred 33 00:01:39,520 --> 00:01:41,800 Speaker 3: and fifty megs up to four hundred megs of speed, 34 00:01:42,080 --> 00:01:43,959 Speaker 3: which is more than sufficient for most people. 35 00:01:44,600 --> 00:01:47,480 Speaker 1: Okay, So now you just got my little brain whirling 36 00:01:47,560 --> 00:01:50,320 Speaker 1: around because thirty bucks for a high speed I've got 37 00:01:50,360 --> 00:01:53,840 Speaker 1: like fiber optic and it's like eighty dollars a month. 38 00:01:54,960 --> 00:01:57,080 Speaker 1: And then if you go for mint Mobile, and I 39 00:01:57,120 --> 00:02:00,240 Speaker 1: know that Ryan Reynolds, who I love, has been talking 40 00:02:00,280 --> 00:02:05,120 Speaker 1: about the fifteen dollars a month plan versus like like 41 00:02:05,200 --> 00:02:08,880 Speaker 1: two hundred, Right, that's a huge savings. 42 00:02:09,280 --> 00:02:12,239 Speaker 3: Yeah, and that's one of the I've mint Mobile. I've loved. 43 00:02:12,240 --> 00:02:15,440 Speaker 3: They essentially were the great disruptor in the cell phone space. 44 00:02:15,560 --> 00:02:18,520 Speaker 3: They were the first Envy and O to be able 45 00:02:18,560 --> 00:02:22,280 Speaker 3: to get essentially wide attention. That's probably because in many 46 00:02:22,320 --> 00:02:26,320 Speaker 3: ways because of Ryan's incredible marketing skills and their low costs, 47 00:02:26,320 --> 00:02:29,680 Speaker 3: like they did such a good job at bringing costs 48 00:02:29,680 --> 00:02:32,600 Speaker 3: down for consumers on cell phone service. And so that's 49 00:02:32,639 --> 00:02:34,360 Speaker 3: just one of those things I go back to the 50 00:02:34,360 --> 00:02:36,880 Speaker 3: well on continually is to get people to really think 51 00:02:36,880 --> 00:02:39,600 Speaker 3: about what they're paying for their monthly cell phone service. 52 00:02:39,840 --> 00:02:41,640 Speaker 3: But then when you think, wow, I get have monthly 53 00:02:41,639 --> 00:02:45,400 Speaker 3: cell phone service and home internet that's pretty fast, and 54 00:02:45,440 --> 00:02:47,919 Speaker 3: I don't have any of these ancillary ridiculous fees or 55 00:02:47,919 --> 00:02:50,120 Speaker 3: anything to consider, and I can get both of those 56 00:02:50,520 --> 00:02:52,680 Speaker 3: for less than the cost of what I'm paying for 57 00:02:52,919 --> 00:02:55,880 Speaker 3: just home internet. Right now, you know, we're talking about 58 00:02:55,919 --> 00:02:59,160 Speaker 3: the average person being able to save probably eighty two, 59 00:02:59,160 --> 00:03:01,400 Speaker 3: one hundred and twenty bucks a month, and you're talking 60 00:03:01,400 --> 00:03:04,040 Speaker 3: about over one thousand dollars a year. I think it's 61 00:03:04,280 --> 00:03:06,839 Speaker 3: it starts to make switching, especially if you're doing two 62 00:03:06,840 --> 00:03:09,280 Speaker 3: things at the same time, far more worth it. 63 00:03:09,520 --> 00:03:11,480 Speaker 2: This is the one that might push me over the edge. 64 00:03:11,520 --> 00:03:13,960 Speaker 2: Is mobile service reliable? 65 00:03:14,720 --> 00:03:17,000 Speaker 3: It is so mint Mobile is on the T Mobile network, 66 00:03:17,440 --> 00:03:19,960 Speaker 3: and if you're worried and you're like, eh, T Mobile 67 00:03:20,040 --> 00:03:22,520 Speaker 3: is not great where I am. Well, probably my favorite 68 00:03:22,680 --> 00:03:26,640 Speaker 3: MB and O is US Mobile because you can pick 69 00:03:26,919 --> 00:03:29,280 Speaker 3: any of the three major networks to be on and 70 00:03:29,320 --> 00:03:31,760 Speaker 3: you can switch. If you're like, hey, this one's not 71 00:03:31,800 --> 00:03:33,720 Speaker 3: working out great, you can switch to a different one 72 00:03:33,760 --> 00:03:36,800 Speaker 3: on US Mobile. And the US Mobile prices are even 73 00:03:36,920 --> 00:03:40,360 Speaker 3: better than the Mint Mobile prices most of the time. 74 00:03:40,480 --> 00:03:43,080 Speaker 3: So I think those are both great options. But I'm 75 00:03:43,160 --> 00:03:45,000 Speaker 3: a big fan of US Mobile right now. It's almost 76 00:03:45,080 --> 00:03:48,120 Speaker 3: like it's not like you're you're getting a better price, 77 00:03:48,160 --> 00:03:50,000 Speaker 3: but you're not really giving up anything, and in fact, 78 00:03:50,400 --> 00:03:52,680 Speaker 3: most of the time you're getting something superior. 79 00:03:53,000 --> 00:03:57,800 Speaker 1: Okay, So we were just talking about subscriptions to everything, 80 00:03:57,880 --> 00:04:00,600 Speaker 1: and we can add car washes to that list, which 81 00:04:00,600 --> 00:04:02,160 Speaker 1: reminds me, I need to go get a car wash 82 00:04:02,200 --> 00:04:04,160 Speaker 1: today because I have a car Washed subscription. 83 00:04:04,840 --> 00:04:07,400 Speaker 3: If you got the subscription, you better use it. Yah, right, 84 00:04:07,960 --> 00:04:10,320 Speaker 3: And yeah, no, this is one of those categories. It's 85 00:04:10,360 --> 00:04:13,960 Speaker 3: growing significantly. People are signing up for the car Washed subscription. 86 00:04:14,480 --> 00:04:17,159 Speaker 3: Understandably because when you go to the car wash now 87 00:04:17,400 --> 00:04:20,279 Speaker 3: my local car wash, it used to be like, no joke, 88 00:04:20,440 --> 00:04:22,120 Speaker 3: five bucks for a wash and I was like, this 89 00:04:22,160 --> 00:04:24,560 Speaker 3: is incredible. Nobody charges five bucks anymore. And then they 90 00:04:25,400 --> 00:04:28,200 Speaker 3: they they're doing something that a bunch of different car 91 00:04:28,279 --> 00:04:31,640 Speaker 3: wash locations are doing. They significantly raise the price of 92 00:04:31,720 --> 00:04:34,800 Speaker 3: a single wash to make it just under the price 93 00:04:35,080 --> 00:04:37,960 Speaker 3: of a monthly subscription, trying to push you over into 94 00:04:38,040 --> 00:04:40,120 Speaker 3: getting that subscription. And the reason is they want you 95 00:04:40,160 --> 00:04:42,640 Speaker 3: to pay like clockwork every single month. They want that 96 00:04:42,680 --> 00:04:44,840 Speaker 3: recurring income and then they know they're going to get 97 00:04:44,839 --> 00:04:47,120 Speaker 3: paid whether or not you come in to get a wash. 98 00:04:47,120 --> 00:04:49,680 Speaker 3: And the truth is, people who get those subscriptions, they 99 00:04:49,680 --> 00:04:53,479 Speaker 3: do tend to, on average, get their car washed more often. 100 00:04:54,360 --> 00:04:55,720 Speaker 3: But this is just one of those things where I 101 00:04:55,720 --> 00:04:58,240 Speaker 3: think you have to pay real close attention and say, well, 102 00:04:58,279 --> 00:05:00,760 Speaker 3: is this, you know, eighteen twenty two dollars a month whatever, 103 00:05:00,800 --> 00:05:03,080 Speaker 3: if you're gone pie in the fancy car washes even 104 00:05:03,120 --> 00:05:05,440 Speaker 3: more than that, is it worth three hundred and fifty 105 00:05:05,440 --> 00:05:08,000 Speaker 3: dollars a year or whatever? Then I'm paying to get 106 00:05:08,040 --> 00:05:12,120 Speaker 3: my car washed regularly or is this something either one 107 00:05:12,160 --> 00:05:14,600 Speaker 3: I'm not taking advantage of or two because I have 108 00:05:14,680 --> 00:05:17,160 Speaker 3: the subscription, I find myself going so often to get 109 00:05:17,200 --> 00:05:20,400 Speaker 3: my car washed. It's become a huge waste of my time. 110 00:05:21,000 --> 00:05:24,720 Speaker 3: Every business wants subscription, recurring subscription revenue from you, and 111 00:05:24,920 --> 00:05:27,360 Speaker 3: you have to. Like I signed up for Netflix to 112 00:05:27,400 --> 00:05:30,159 Speaker 3: watch one show with my wife and then we've literally 113 00:05:30,200 --> 00:05:32,320 Speaker 3: watched one episode in like three weeks. We just haven't 114 00:05:32,360 --> 00:05:34,040 Speaker 3: had the time, and I'm like, I'm canceling it. We're 115 00:05:34,080 --> 00:05:36,440 Speaker 3: just not going to finish this show. But you know, 116 00:05:36,560 --> 00:05:40,119 Speaker 3: of course episode oh it was what was it called 117 00:05:40,720 --> 00:05:43,240 Speaker 3: Crash Crash Land Into Me or something like. It's like 118 00:05:43,320 --> 00:05:46,640 Speaker 3: a Korean initial Korean show that I'd heard about from 119 00:05:46,720 --> 00:05:48,320 Speaker 3: like twenty nineteen, and I was like, oh, this looks 120 00:05:48,600 --> 00:05:50,720 Speaker 3: really interesting, like somebody from South Korea lands across the 121 00:05:50,760 --> 00:05:52,600 Speaker 3: border in North Korea and I was like that sounds 122 00:05:52,640 --> 00:05:53,200 Speaker 3: really interesting. 123 00:05:53,279 --> 00:05:56,640 Speaker 2: That doesn't interesting, but just haven't had the time to watch. 124 00:05:56,480 --> 00:05:57,960 Speaker 3: And so I'm like, I don't know, I'll have to 125 00:05:58,080 --> 00:05:59,960 Speaker 3: sign up in one month where I can binge the 126 00:06:00,040 --> 00:06:03,400 Speaker 3: whole series then cancel again. We're just so so many 127 00:06:03,440 --> 00:06:05,640 Speaker 3: of us are not paying attention to our spending, not 128 00:06:05,720 --> 00:06:08,960 Speaker 3: paying close enough attention, not going over you know, our 129 00:06:09,000 --> 00:06:11,240 Speaker 3: credit card statements to say, oh wait a second, I 130 00:06:11,400 --> 00:06:13,520 Speaker 3: am I'm still paying for Netflix and I'm not watching 131 00:06:13,560 --> 00:06:16,000 Speaker 3: or I am still paying for the car Wash subscription, 132 00:06:16,240 --> 00:06:20,200 Speaker 3: and I haven't been going, and we find it harder 133 00:06:20,240 --> 00:06:21,960 Speaker 3: to cancel than it is obviously to sign up. 134 00:06:22,120 --> 00:06:23,960 Speaker 2: Yeah, I'm definitely guilty of that. 135 00:06:24,080 --> 00:06:27,440 Speaker 1: Okay, So you want to have Joel help you think 136 00:06:27,560 --> 00:06:29,640 Speaker 1: more about how you're spending your money like he just 137 00:06:29,760 --> 00:06:31,840 Speaker 1: did with us, You can listen to how to Money 138 00:06:31,880 --> 00:06:34,920 Speaker 1: with Joel Larsgard every Sunday from noon to to such 139 00:06:34,960 --> 00:06:37,440 Speaker 1: great advice. You can also follow him at how to 140 00:06:37,520 --> 00:06:38,119 Speaker 1: Money Joel. 141 00:06:38,480 --> 00:06:38,720 Speaker 2: Joel. 142 00:06:38,760 --> 00:06:40,320 Speaker 1: Of course, we ran out of time before we got 143 00:06:40,360 --> 00:06:43,679 Speaker 1: to talking about accidental landlording, so we'll have to save 144 00:06:43,760 --> 00:06:44,200 Speaker 1: that again. 145 00:06:44,560 --> 00:06:46,800 Speaker 2: But thank you so much next time. All right, have 146 00:06:46,880 --> 00:06:48,560 Speaker 2: a great day you too. Thanks Anne. 147 00:06:48,680 --> 00:06:48,760 Speaker 1: Right,