WEBVTT - Friday Flight - TACO Trading, Pointless Points, & Millionaire Renters #990 0:00:00.080 --> 0:00:01.400 Welcome to Had of Money. 0:00:01.440 --> 0:00:02.840 I'm Joel, I'm Matt. 0:00:02.960 --> 0:00:07.480 Today we're talking about taco trading pointless points and millionaire renters. 0:00:25.960 --> 0:00:28.040 Taco Cat Go Cheese Pizza, Joel, Is that a game 0:00:28.080 --> 0:00:28.600 that you'll play? 0:00:28.680 --> 0:00:28.760 Oh? 0:00:28.840 --> 0:00:29.440 Yeah, that's fun. 0:00:29.520 --> 0:00:31.040 Yeah. 0:00:31.080 --> 0:00:32.519 For all the folks with kids out there, If you 0:00:32.520 --> 0:00:35.040 have not yet tried the card game Taco Cat Goat 0:00:35.080 --> 0:00:36.000 Cheese Pizza, I. 0:00:35.960 --> 0:00:37.560 Would highly recommend. It's a ton of fun. 0:00:37.560 --> 0:00:40.080 They have like a holiday themed one that's like, dude, 0:00:40.200 --> 0:00:43.720 I forget what it's like, Santa Elf something. Yeah, but 0:00:43.880 --> 0:00:45.000 those are fun to play with the kids. 0:00:45.120 --> 0:00:45.360 Yeah. 0:00:45.360 --> 0:00:47.199 But in fact, this is our Friday flight where we're 0:00:47.200 --> 0:00:49.200 going to talk about the best headlines from this past 0:00:49.200 --> 0:00:53.120 week how they pertain to your personal finances. Joel real 0:00:53.200 --> 0:00:55.520 quick man. I was talking to a family member about 0:00:55.800 --> 0:00:59.840 getting a c PAP. This is something that was put 0:00:59.880 --> 0:01:03.040 on his radar by his doctors talking about how much 0:01:03.040 --> 0:01:04.880 of a hassle it is, which by. 0:01:04.760 --> 0:01:07.679 His wife probably Yeah, he snore. Man, why don't you 0:01:07.680 --> 0:01:08.040 fix that? 0:01:08.120 --> 0:01:09.200 But what's the latest with you? 0:01:09.200 --> 0:01:12.280 Because I know that's something that you looked into, you know, 0:01:12.360 --> 0:01:15.319 getting some of that oxygen flowing at night, So you. 0:01:15.319 --> 0:01:17.000 Seem to want to have your breathing interrupted. 0:01:17.160 --> 0:01:20.479 Actually all about listener Seth just sent us an email 0:01:20.520 --> 0:01:22.720 this week and he was asking like, Hey, whatever happened 0:01:22.760 --> 0:01:25.080 with that and how did you Because he's I'm facing 0:01:25.120 --> 0:01:28.000 down a many thousand dollars bill to get the sleep 0:01:28.000 --> 0:01:30.520 test and get the equipment. I think you said you 0:01:30.560 --> 0:01:32.119 did it for cheaper and I was like, oh, yeah, yeah, 0:01:32.200 --> 0:01:34.200 let me let me mention that on the podcast. I'll 0:01:34.200 --> 0:01:37.520 give the details. So basically, my friend Garrett had done 0:01:37.520 --> 0:01:40.040 this and he tipped me off. He said, hey, you 0:01:40.040 --> 0:01:42.440 can actually do an at home sleep test. Now, by 0:01:42.440 --> 0:01:45.000 the way, this is not medical advice. I'm not a 0:01:45.000 --> 0:01:48.240 medical practitioner here, but I there's a site called Lafta, 0:01:48.840 --> 0:01:51.360 and you I think there's like two points of contact, 0:01:51.360 --> 0:01:54.400 ones on the finger and then ones around your chest. 0:01:54.400 --> 0:01:57.400 If I remember correctly, it's been a minute. But so 0:01:57.480 --> 0:01:59.680 then they record you the way you sleep during the 0:01:59.760 --> 0:02:03.240 night and they say, hey, you either have sleep apnea 0:02:03.600 --> 0:02:07.040 or or you don't. I did. I pretty much knew that. 0:02:07.120 --> 0:02:08.720 You were like, yeah, yeah, I figured figured that was 0:02:08.720 --> 0:02:08.960 a kid. 0:02:09.480 --> 0:02:12.679 Yeah, so but uh, and then Lafta will also sell 0:02:12.720 --> 0:02:14.760 you the equipment. But I'm at home sleep test is 0:02:14.800 --> 0:02:17.120 super cheaps less less than two hundred bucks. And when 0:02:17.160 --> 0:02:19.880 you're talking about going into a hospital facility overnight to 0:02:19.880 --> 0:02:20.919 do that's. 0:02:20.639 --> 0:02:23.200 That seems like the big advantage. I remember when you 0:02:23.240 --> 0:02:26.000 mentioned that because this was something that you'd done previously, right, 0:02:26.000 --> 0:02:27.240 I guess like when you were a kid, when I 0:02:27.320 --> 0:02:30.360 were like a young adult basically yeah, not a kid, yea, 0:02:30.600 --> 0:02:32.880 but when you had benefits provided by the man. And 0:02:32.919 --> 0:02:35.400 that's not something that we don't have that are being 0:02:35.400 --> 0:02:38.280 self employed. But that sounded like a nightmare scenario. It's like, 0:02:38.600 --> 0:02:41.080 it sounds like some of these like university studies where 0:02:41.200 --> 0:02:43.720 you're in this cold laboratory and you're like, okay, sleep 0:02:43.760 --> 0:02:44.440 on the steel table. 0:02:44.480 --> 0:02:45.440 You feel like a guinea pig. 0:02:45.880 --> 0:02:48.520 For sure, it's terribly that's not gonna I'm not gonna 0:02:48.520 --> 0:02:48.959 be able to sleep. 0:02:49.120 --> 0:02:51.079 It was much nicer to have it done in your 0:02:51.080 --> 0:02:54.160 bed at home and then literally just you know, you upload, 0:02:54.400 --> 0:02:56.519 upload the results of your sleep and then they tell you, yeah, 0:02:56.560 --> 0:02:58.799 you do you need this or whatever and uh, and 0:02:59.000 --> 0:03:00.960 you can pay them more for kind of more guided 0:03:01.000 --> 0:03:03.480 help along the way in choosing your SEATPAP machine. And 0:03:03.480 --> 0:03:05.600 I think there are other companies out there that do this. 0:03:05.639 --> 0:03:07.120 By the way, this is just the company I use 0:03:07.160 --> 0:03:07.880 that my friend used. 0:03:07.919 --> 0:03:10.320 By the way, it's worth mentioning. We don't have any affiliation, 0:03:10.480 --> 0:03:11.520 No Lafta. 0:03:11.280 --> 0:03:12.360 Not at all. Which do they? 0:03:12.480 --> 0:03:15.040 Is there a company called Lafta that also makes mattresses 0:03:15.160 --> 0:03:17.920 or something probably something very less sound like a mattress 0:03:17.919 --> 0:03:20.720 company like Lafta. 0:03:20.960 --> 0:03:23.160 Well, and then you can buy your seatpap equipment from 0:03:23.240 --> 0:03:26.760 Lafta because they're essentially writing you a prescription. But you 0:03:26.760 --> 0:03:28.919 can also take that prescription and shop elsewhere, which is 0:03:28.960 --> 0:03:31.000 what I did. I chopped around on the open market 0:03:31.240 --> 0:03:34.160 for that seatpap machine, and I was able to save 0:03:34.240 --> 0:03:37.600 a lot of money buying it from an internet company. 0:03:37.680 --> 0:03:39.280 There were like some great sales going on, so I 0:03:39.280 --> 0:03:42.000 would just say, yeah, get that home sleep sleep study 0:03:42.280 --> 0:03:45.160 and then look around for the machine that is going 0:03:45.200 --> 0:03:47.160 to work for you. And you should be able to 0:03:47.160 --> 0:03:49.600 do this instead of for many, many thousands of dollars, 0:03:49.640 --> 0:03:51.040 for less than a thousand dollars total. 0:03:51.040 --> 0:03:53.680 You didn't get your equipment from Timu or anything. No, 0:03:53.800 --> 0:03:55.000 Jill lags up in the middle of the night and 0:03:55.360 --> 0:03:58.320 his equipment of strangling him. I can't breathe just breathing 0:03:58.360 --> 0:04:00.760 in straight lead. No, I do think I love that 0:04:00.800 --> 0:04:02.720 this is an option, that there are other options out 0:04:02.720 --> 0:04:05.160 there for folks where you don't necessarily have to spend 0:04:05.160 --> 0:04:05.839 thousands of dollars. 0:04:06.040 --> 0:04:08.720 Hopefully, have you been wearing it like consistently? 0:04:09.280 --> 0:04:12.920 That's the thing, Matt, It's you got the kind that's 0:04:12.960 --> 0:04:14.520 like the pigtail out the top of your s right 0:04:14.600 --> 0:04:15.600 so that you could roll around. 0:04:15.640 --> 0:04:17.960 There's all sorts of different kinds of masks that you 0:04:17.960 --> 0:04:18.640 can choose from. 0:04:18.720 --> 0:04:20.440 Not that I watch you while you sleep, but you 0:04:20.480 --> 0:04:21.440 told me, you told me about it. 0:04:21.520 --> 0:04:24.160 Yeah, some that are more invasive than others, and that 0:04:24.320 --> 0:04:29.080 is has been the best kind that I've that I've tried. 0:04:29.360 --> 0:04:31.240 As they go, that has been the most successful. 0:04:31.320 --> 0:04:34.560 But unit, it's really hard not to get used to it. 0:04:34.640 --> 0:04:37.000 And so do I find myself ripping it off? 0:04:37.200 --> 0:04:37.479 Yes? 0:04:37.800 --> 0:04:40.240 Have I found myself not putting it on at all 0:04:40.400 --> 0:04:41.000 many nights? 0:04:41.400 --> 0:04:41.640 Yes? 0:04:41.680 --> 0:04:44.400 Also I get it. So is the cpath that you 0:04:44.400 --> 0:04:47.320 bought that you got to let a much better price 0:04:47.400 --> 0:04:49.360 on still a good deal if you don't use it. 0:04:49.360 --> 0:04:52.279 That's that might be a philosophical I would never know 0:04:52.320 --> 0:04:52.719 the answer to. 0:04:52.960 --> 0:04:54.720 Even Still, I'd rather spend a few hundred dollars and 0:04:54.760 --> 0:04:57.760 a few thousand dollars when the potential outcome might be 0:04:57.760 --> 0:05:00.440 the same, which is you not necessarily wearing it. All right, man, 0:05:00.480 --> 0:05:03.719 let's keep moving. But let's talk about travel and vacationing 0:05:03.800 --> 0:05:08.360 because Southwest has officially made their change. Paying for check 0:05:08.520 --> 0:05:13.280 bags started on Wednesday, much to our shigrin that being said, 0:05:13.279 --> 0:05:16.120 if you bought a ticket before that deadline, you will 0:05:16.120 --> 0:05:18.880 get to enjoy free check bags one more time. That 0:05:19.000 --> 0:05:22.360 was me, That was me, yeah, so, but moving forward, 0:05:22.360 --> 0:05:24.320 it is going to cost you thirty five dollars for 0:05:24.360 --> 0:05:28.080 that first bag, forty five dollars for the next. Sounds 0:05:28.120 --> 0:05:31.120 like typical airline. It's like fee structure right here, man, 0:05:31.240 --> 0:05:33.960 everybody else it's certainly gonna make uh. That was like 0:05:34.080 --> 0:05:37.719 our favorite reason, one of the reasons to go with Southwest, 0:05:37.720 --> 0:05:39.960 specifically the free check bag. That's that's how you get 0:05:40.000 --> 0:05:42.360 the nice beer haul. That's right when you are flying 0:05:42.400 --> 0:05:44.440 from other cities, which was something that you got to 0:05:44.480 --> 0:05:45.839 do one last time. 0:05:45.680 --> 0:05:48.640 Yes, from Texas. And I'm not usually a huge checked 0:05:48.680 --> 0:05:50.960 bag guy. I don't like the check bags unless I'm 0:05:51.040 --> 0:05:54.400 checking for beer or I'm going on my annual backpacking 0:05:54.400 --> 0:05:56.320 trip in which case, I'm bringing a lot more than 0:05:56.360 --> 0:05:59.680 I normally do my giant backpacking bag, and so in this. 0:05:59.800 --> 0:06:01.760 Case seem to fit all everything you need in tiny 0:06:01.800 --> 0:06:04.800 little CoA wis. It's like a real man living off 0:06:04.839 --> 0:06:07.360 of the off the land. At that point, there's more 0:06:07.400 --> 0:06:10.239 you need for that. In addition to that, though, basic 0:06:10.320 --> 0:06:13.239 economy fairs are going to be implemented, which will replace 0:06:13.279 --> 0:06:16.720 the want to get away option that you've gotten used 0:06:16.720 --> 0:06:18.080 to see, it's really hard for me to hear the 0:06:18.160 --> 0:06:19.760 one to get away. Every time I would see I 0:06:19.760 --> 0:06:21.240 would think of that Lene Kravitz song. 0:06:21.440 --> 0:06:23.720 The I Want to get Away. 0:06:24.000 --> 0:06:26.120 I get that I get by from the nineties. But 0:06:26.160 --> 0:06:29.280 then to twist the knife even further, flight credits are 0:06:29.320 --> 0:06:34.360 going to expire within six months before they actually never expired. 0:06:34.400 --> 0:06:35.360 You could just hang on to that. 0:06:35.440 --> 0:06:37.440 So but that means if you cancel a trip this 0:06:37.520 --> 0:06:39.640 is something you got, you got to basically add it 0:06:39.680 --> 0:06:41.360 to the calendar that, hey, we need to make sure 0:06:41.360 --> 0:06:43.719 that we use utilize those credits. 0:06:43.440 --> 0:06:45.280 In order to not lose those credits. 0:06:45.279 --> 0:06:47.520 That was one of the greatest perks of being a 0:06:47.560 --> 0:06:50.960 Southwest customer was, Hey, you know what, I cancel that 0:06:50.960 --> 0:06:54.560 that trip and I can use those points anytime into 0:06:54.600 --> 0:06:57.800 the future. The six month thing is real drag. All 0:06:57.839 --> 0:07:00.240 these things are big drag, and it should, I think, 0:07:00.320 --> 0:07:02.920 reduce the loyalty you feel. If you've been someone who's 0:07:02.960 --> 0:07:05.080 like I fly Southwest because they're great, and I'm sure 0:07:05.360 --> 0:07:08.360 they'll still be great in some ways. There's a lot 0:07:08.400 --> 0:07:11.440 of reasons to be less loyal and just shop for 0:07:11.560 --> 0:07:15.040 the lowest fare, and Southwest was pretty competitive unfairs, although 0:07:15.080 --> 0:07:18.240 not always the lowest, of course. But I think this 0:07:18.440 --> 0:07:20.640 just should push all of us more in the direction 0:07:20.680 --> 0:07:23.880 of shopping and being less loyal to any airline in particular. 0:07:24.480 --> 0:07:27.120 And I think that's just been more and more of 0:07:27.120 --> 0:07:29.960 the case in general too, especially as airlines are saying 0:07:30.120 --> 0:07:33.040 it's less about how frequently you travel on us, it's 0:07:33.040 --> 0:07:34.920 more about how much money you're spending. So if you're 0:07:34.960 --> 0:07:37.440 the kind of normal person who flies a few times 0:07:37.560 --> 0:07:41.760 a year, then shopping around makes even more sense than 0:07:41.800 --> 0:07:43.640 being loyal, because you're not going to get rewarded for 0:07:43.680 --> 0:07:47.240 your loyalty at airlines nearly as much these days. And 0:07:47.280 --> 0:07:51.600 then pack light two because I think I would love 0:07:51.640 --> 0:07:54.880 to see more folks avoid checking bags all together. I 0:07:54.880 --> 0:07:57.880 know it's not always possible, especially like on my backpacking trip, right, 0:07:57.960 --> 0:07:59.880 but I think it is more possible than most folks 0:08:00.160 --> 0:08:02.480 to avoid checking a bag. So whatever airline you're on, 0:08:02.720 --> 0:08:06.559 Southwest included, now think about the added costs that checking 0:08:06.600 --> 0:08:10.160 a bag is going to add to your life, and 0:08:10.200 --> 0:08:12.120 hopefully you can travel lighter. 0:08:12.320 --> 0:08:14.920 That's right, buddy, And as is usual on our Friday flight, 0:08:14.960 --> 0:08:18.360 we have our standing tariff updates. Heavy terrifts against the 0:08:18.400 --> 0:08:20.400 EU were threatened and then pulled back. 0:08:20.880 --> 0:08:22.880 We didn't talk about before tariff's by the way. 0:08:22.960 --> 0:08:26.119 We talked about shrinkflation and how much money the government 0:08:26.160 --> 0:08:27.680 was going to infuse into our bank accounts via the 0:08:28.240 --> 0:08:29.480 stemmy money egg prices. 0:08:29.560 --> 0:08:31.200 Egg prices that was a little. 0:08:30.960 --> 0:08:32.679 Bit more recent, which, by the way, I feel like 0:08:32.679 --> 0:08:34.320 we've seen those prices come back down. 0:08:34.360 --> 0:08:35.400 Actually, But this. 0:08:35.440 --> 0:08:40.080 Rebounding nature of Trump's terraffs has been true of essentially, 0:08:40.360 --> 0:08:42.400 I mean, honestly, every trade policy threat that the Trump 0:08:42.480 --> 0:08:46.680 administration has made, where he says that tariffs are God's 0:08:46.679 --> 0:08:48.920 gifts of the world, but then in reality that they 0:08:49.000 --> 0:08:51.560 only seem to be used as like this blunt instrument 0:08:52.000 --> 0:08:55.680 in order to force other countries to negotiate whether or 0:08:55.679 --> 0:08:58.560 not it's working is debatable, but it's working for some 0:08:58.640 --> 0:09:02.400 investors who are per anticipating in taco trading. And so 0:09:02.520 --> 0:09:06.480 the acronym stands for Trump always chickens out, thus the 0:09:06.559 --> 0:09:09.400 taco and Joel. Some investors are making their investment decisions 0:09:09.480 --> 0:09:13.800 based on terror threats that don't actually materialize. They're making money. 0:09:13.840 --> 0:09:16.200 This is something that I feel like we were alluding 0:09:16.200 --> 0:09:18.360 to this when it came to Terras the first time around, 0:09:18.360 --> 0:09:19.720 when it's just like, you know what, there's a whole 0:09:19.720 --> 0:09:23.120 lot of talk, but let's actually see if this pans 0:09:23.160 --> 0:09:26.360 out as something that gets implemented. By the way, we 0:09:26.440 --> 0:09:29.560 would not recommend for folks to participate in taco trading. 0:09:29.600 --> 0:09:35.160 This is a pure speculative, casino gambling like mentality. It 0:09:35.240 --> 0:09:38.320 is not how you grow your wealth over the long run. 0:09:38.440 --> 0:09:38.760 Yeah. 0:09:38.800 --> 0:09:40.800 But that being said, I mean, do you remember I 0:09:40.800 --> 0:09:45.559 think when President Trump truthed out, hey, now's a good 0:09:45.559 --> 0:09:48.199 time to buy, and he was spot on because he 0:09:48.280 --> 0:09:51.600 controls the lever essentially of what's gonna happen with the 0:09:51.600 --> 0:09:54.719 economy with a lot of these tariffs. And so if 0:09:54.800 --> 0:09:57.080 you listened to the truth and you bought at that 0:09:57.200 --> 0:09:58.920 very moment in time, you would have done quite well 0:09:58.920 --> 0:10:01.120 for yourself. We've seen man like a twenty plus percent 0:10:01.240 --> 0:10:03.480 run up in the stock market since then. So I 0:10:03.480 --> 0:10:05.960 get why people are saying, I'm going to trade on 0:10:06.040 --> 0:10:08.600 this because it sure looks like I'm seeing a trend 0:10:08.640 --> 0:10:12.400 here which is threatened tariffs that don't actually come to pass, 0:10:12.400 --> 0:10:14.760 at least not in any significant manner. So when the 0:10:14.760 --> 0:10:18.480 stock market freaks because of the proposal, then and I'll 0:10:18.520 --> 0:10:21.680 buy in at the low side, and I am richer 0:10:21.880 --> 0:10:27.079 because of the comeback of that stock or specific industry experiences. 0:10:28.040 --> 0:10:30.840 But also on the tariff talk, Matt, tariffs might not 0:10:30.960 --> 0:10:33.000 just be rolled back by Trump himself, right, That has 0:10:33.040 --> 0:10:35.240 become a pattern. But the courts are now weighing in 0:10:35.600 --> 0:10:38.360 and they have said that the president lacks the legal 0:10:38.440 --> 0:10:42.880 authority to institute widespread tariffs as he's been doing. Yeah, 0:10:42.960 --> 0:10:44.960 it's kind of a one man wrecking ball. And they said, 0:10:44.960 --> 0:10:47.400 stop it so familiar, You're not allowed to do that. 0:10:48.000 --> 0:10:49.720 And the stock market was pleased when they when they 0:10:49.760 --> 0:10:52.520 saw that ruling. But a federal trade court basically said 0:10:52.880 --> 0:10:55.000 that this big chunk of tariffs that have been levied 0:10:55.440 --> 0:10:59.559 by the executive branch is an overreach of that branch 0:10:59.600 --> 0:11:04.079 of government and that their I guess legal footing is substandard. 0:11:04.480 --> 0:11:07.160 But also like will this ruling stick around what happens 0:11:07.160 --> 0:11:09.880 with appeals? We don't know, But for the time being, 0:11:10.280 --> 0:11:12.360 that's kind of where things stand. And it makes me 0:11:12.400 --> 0:11:17.080 think back to when the Biden administration tried to eliminate 0:11:17.120 --> 0:11:19.760 and forgive student loan debt. The courts basically said, hey, 0:11:19.760 --> 0:11:22.000 you guys don't have the legal authority to do this, 0:11:22.080 --> 0:11:25.200 and so they attempted to find other legal means, like 0:11:25.200 --> 0:11:30.000 get different basically legal footing to get the to pass 0:11:30.040 --> 0:11:32.680 what they wanted to pass. Well, President Trump is likely 0:11:32.720 --> 0:11:35.040 to do the same here. He might say, actually, the 0:11:35.080 --> 0:11:38.040 statute I was using to try to institute tariffs on 0:11:38.160 --> 0:11:40.480 other countries, well, I'm going to use this other statute 0:11:40.480 --> 0:11:44.079 over here. Now it's okay, right as usual. It would 0:11:44.120 --> 0:11:46.199 be great if Congress would do their job. This is 0:11:46.280 --> 0:11:49.600 kind of one of a role that was especially built 0:11:49.720 --> 0:11:52.600 for them that they seem to be abandoning. But for 0:11:52.679 --> 0:11:56.600 the time being, tariff rates have been rolled back. Where 0:11:56.679 --> 0:11:59.199 things go from here is anybody's guests. We will continue 0:11:59.400 --> 0:12:01.880 in all likely next week on how to money tariff 0:12:01.880 --> 0:12:02.560 talk I'm sure. 0:12:02.440 --> 0:12:03.079 That's right man. 0:12:03.240 --> 0:12:06.520 All right, So we briefly mentioned the MAGA accounts element 0:12:06.800 --> 0:12:09.240 of the big beautiful bill that barely passed the House 0:12:09.280 --> 0:12:09.840 last week. 0:12:10.480 --> 0:12:12.520 The reason, or I would say, one of the reasons 0:12:12.559 --> 0:12:12.800 there's so. 0:12:12.840 --> 0:12:15.920 Much focus on this is because the tax cuts and 0:12:16.040 --> 0:12:19.319 jobs at will sunset at the end of this year. That, 0:12:19.440 --> 0:12:22.800 in addition to the fact that the GOP has rolled 0:12:22.840 --> 0:12:25.040 all of their they put all their eggs in one basket, 0:12:25.080 --> 0:12:27.280 all the hopes of streams. This one basket is the BBB. 0:12:27.800 --> 0:12:30.040 But let's discuss a few of the other potential changes 0:12:30.080 --> 0:12:32.120 that would impact your personal finances if it were to 0:12:32.160 --> 0:12:35.000 pass the Senate and get signed into law, one of 0:12:35.000 --> 0:12:39.439 which is that hsas could get even better doubling the 0:12:39.520 --> 0:12:43.280 allowed annual contribution. If that remains, that's going to mean 0:12:43.320 --> 0:12:45.120 you can funnel even more money into that triple tax 0:12:45.120 --> 0:12:46.640 advantage account, which is fantastic. 0:12:46.679 --> 0:12:48.880 And I think there was a change in the law 0:12:48.920 --> 0:12:51.000 that basically said, oh, you can use your HSA for 0:12:51.120 --> 0:12:55.040 more things in including a gym membership, which is kind 0:12:55.040 --> 0:12:58.120 of cool. So HSA could be getting a heck of 0:12:58.160 --> 0:12:58.800 a lot better soon. 0:12:58.840 --> 0:13:00.680 Then it begs a question, Okay, well, what if you 0:13:00.840 --> 0:13:03.000 decide to implement your own gym at your own house 0:13:03.000 --> 0:13:06.360 and therefore by equipment. Maybe maybe child tax credits will 0:13:06.400 --> 0:13:09.400 be bumped from two thousand to twenty five hundred dollars. 0:13:09.200 --> 0:13:11.280 Per child, which makes you want to have more children. 0:13:11.480 --> 0:13:13.960 Yeah, there's a higher standard deduction for folks who are 0:13:14.080 --> 0:13:17.560 sixty five and older, and the ev tax credit would 0:13:17.559 --> 0:13:19.840 be repealed at the end of the year as well, 0:13:20.080 --> 0:13:23.120 And there's of course plenty more that's included. But we 0:13:23.120 --> 0:13:26.200 will continue to cover this as things move along or 0:13:26.280 --> 0:13:30.200 not move along. Maybe as it gets sent back after 0:13:30.280 --> 0:13:32.319 the Senate, perhaps makes makes some changes as way, but 0:13:32.360 --> 0:13:33.480 we'll keep folks posted well. 0:13:33.520 --> 0:13:37.400 Taxing different types of earnings differently is a big part 0:13:37.400 --> 0:13:39.720 of the proposal too. It's right specif we like no 0:13:39.800 --> 0:13:43.960 tax on tips and overtime pay. That's not something that 0:13:44.000 --> 0:13:46.720 we love though, And I think the domino effect of 0:13:46.760 --> 0:13:51.280 this getting baked into tax policy could have annoying, cascading consequences, right, 0:13:51.360 --> 0:13:56.120 including more requests for tips. Think about if you are 0:13:56.640 --> 0:13:59.800 an industry that thrives on tips, you're gonna want to 0:13:59.800 --> 0:14:03.080 find a way to get customers to funnel even more 0:14:03.200 --> 0:14:06.920 money in tips your way because they're tax free dollars 0:14:07.000 --> 0:14:10.680 coming into your bank account. And so I think it's 0:14:10.760 --> 0:14:13.960 it's just interesting that we're prioritizing or saying that different 0:14:14.080 --> 0:14:16.520 ways you earn income will be taxed. Definitely, we already 0:14:16.559 --> 0:14:19.720 say that to a small extent, but we'd be making 0:14:19.760 --> 0:14:22.600 that an even wider gap. And I just I don't 0:14:22.680 --> 0:14:25.760 love the precedent that sets. And on the tip tipping thing, 0:14:25.800 --> 0:14:29.800 Americans already frustrated by the frequency of tip requests that 0:14:29.840 --> 0:14:33.480 we experience in modern day modern days, right, and so 0:14:33.960 --> 0:14:36.680 how people are going to react individually to being asked 0:14:36.720 --> 0:14:39.160 for more tips and then for bigger tips. That's going 0:14:39.240 --> 0:14:41.160 to be interesting to watch because I feel like we're 0:14:41.160 --> 0:14:44.840 already experiencing a bit of a tipping rebellion happening right now. 0:14:44.840 --> 0:14:45.000 Man. 0:14:45.040 --> 0:14:47.400 I mean, I was buying a pizza the other night 0:14:47.520 --> 0:14:50.520 and the check I was going to go pick it up, 0:14:50.520 --> 0:14:53.520 they're not delivering it. And at check out they're like, hey, 0:14:53.520 --> 0:14:54.920 do you want to do like a fifteen, twenty or 0:14:54.960 --> 0:14:57.960 twenty five percent tip? And I was just shocked. That 0:14:59.080 --> 0:15:02.840 felt pretty uncouth to even ask that when I'm going 0:15:02.880 --> 0:15:04.680 to pick the PiZZ up. It's different if you're delivering 0:15:04.680 --> 0:15:06.480 it to me, and I think those are the kind 0:15:06.520 --> 0:15:08.320 of things that a lot of Americas are just kind 0:15:08.320 --> 0:15:10.360 of frustrated by with tipping culture right now, it's like 0:15:10.360 --> 0:15:13.280 everybody's asking for a tip. That might only get worse 0:15:13.520 --> 0:15:16.080 if the no tax on tips becomes a reality. 0:15:16.280 --> 0:15:19.520 Yeah, the Big Beautiful Bill also is going to have 0:15:19.560 --> 0:15:22.520 an impact on student loans as well. The new plan 0:15:22.680 --> 0:15:25.800 would be to take the alphabet soup of repayment plans 0:15:25.960 --> 0:15:28.600 down to just two, which I will say would make 0:15:28.600 --> 0:15:30.960 it easier to understand, but also it's going to make 0:15:30.960 --> 0:15:34.000 it a bit less generous, and so essentially the more 0:15:34.040 --> 0:15:36.120 you borrow, the longer that you're going to have to 0:15:36.120 --> 0:15:38.480 pay it back, up to twenty five years for folks 0:15:38.480 --> 0:15:41.120 who are borrowing over one hundred thousand dollars, which we 0:15:41.160 --> 0:15:44.120 would not recommend. By the way, the income based plan 0:15:44.280 --> 0:15:47.160 ties your payment to a percentage of your income, so 0:15:47.640 --> 0:15:49.520 basically a sliding scale that requires you to pay a 0:15:49.560 --> 0:15:52.560 lot less if you make less. And the bill would 0:15:52.600 --> 0:15:56.960 also eliminate subsidized student loans as well as forbearans and defferments, 0:15:57.200 --> 0:15:59.320 which actually might not be necessary given the way the 0:15:59.400 --> 0:16:02.880 income based plot and is structured. So it's not necessarily perfect, 0:16:02.880 --> 0:16:05.920 but student loan plans will be easier to understand in 0:16:05.960 --> 0:16:08.160 the way that the structured it could help tamp down 0:16:08.400 --> 0:16:12.760 tuition inflation. Again, whether or not this remains as it 0:16:12.800 --> 0:16:15.680 is currently written, after the Senate takes a look at it, 0:16:16.080 --> 0:16:17.960 that's of course going to have an impact as to 0:16:18.040 --> 0:16:21.360 the implementation of the new student loan rules moving forward. 0:16:21.480 --> 0:16:24.840 Where the kind of state and local deduction thing will land. 0:16:24.880 --> 0:16:28.560 That's another thing that's like a really important piece of 0:16:28.600 --> 0:16:32.520 this legislation that's kind of being battled right now as well. 0:16:32.880 --> 0:16:35.640 So yeah, we'll keep our eyes on this, and it 0:16:35.760 --> 0:16:37.840 is just fascinating to see that there's a lot of 0:16:37.960 --> 0:16:41.000 changes that could really impact your finances and your taxes 0:16:41.040 --> 0:16:44.400 in particular moving forward. So I'm sure we'll have more 0:16:44.400 --> 0:16:47.120 discussions on this soon, Matt. We've got more to get 0:16:47.160 --> 0:16:49.640 to on today's show, though. We're going to talk about 0:16:49.800 --> 0:16:51.960 the devaluation of credit card points, and then we're also 0:16:52.000 --> 0:16:54.480 going to talk about house swapping how that could make 0:16:54.520 --> 0:16:56.280 your vacation a whole lot cheaper. We'll get to that 0:16:56.320 --> 0:16:57.320 and more right after this. 0:17:05.040 --> 0:17:07.240 All right, buddy, we are back from the break, and 0:17:07.520 --> 0:17:10.680 now it is time for the ludicrous headline of the week, 0:17:11.000 --> 0:17:13.160 and this one is from the site Miles to Memories. 0:17:13.480 --> 0:17:16.159 The headline reads City thank You points will soon be 0:17:16.240 --> 0:17:19.960 worth twenty five percent less Joel. The credit card companies 0:17:20.240 --> 0:17:23.400 that giveth and they taketh away City points are being 0:17:23.400 --> 0:17:27.160 devalued by twenty five percent beginning in August, which will 0:17:27.200 --> 0:17:29.000 likely come as a big shock to folks who have 0:17:29.080 --> 0:17:32.240 been accruing points via their city credit cards. So, first 0:17:32.240 --> 0:17:34.560 of all, it's okay to be frustrated. This isn't something 0:17:34.560 --> 0:17:36.639 that I like, I don't think like. For instance, like 0:17:36.640 --> 0:17:40.240 when you're at the grocery store and you experience some shrinkflation, 0:17:41.080 --> 0:17:43.879 it feels less egregious because you have a choice to 0:17:43.920 --> 0:17:46.520 buy something else, right, You've got options, But deflating the 0:17:46.560 --> 0:17:48.879 actual value of your points that you've accrued by a 0:17:48.960 --> 0:17:51.120 meaningful amount feels a bit more like robbery. 0:17:51.400 --> 0:17:51.640 Right. 0:17:52.119 --> 0:17:54.280 It's not like you have some other option of being like, Okay, 0:17:54.280 --> 0:17:56.639 well you stay with us, and maybe we'll only devalue 0:17:56.680 --> 0:17:58.679 it by fifteen percent or ten No, no, no, just 0:17:58.880 --> 0:18:01.320 a twenty five percent cut cross the board. But just 0:18:01.440 --> 0:18:03.520 know that you have a small window to use those 0:18:03.560 --> 0:18:07.400