Speaker 1: Welcome to How the Money. I'm Joel and I and Matt.
Speaker 1: Today we're discussing choosing between name brands and generics. This
Speaker 1: episode is gonna be dedicated to what I feel is
Speaker 1: like a classically frugal question. Should I go with the
Speaker 1: generic version or should I go with something that's more
Speaker 1: name brands. So that's what we're gonna be tackling this episode.
Speaker 1: We're gonna cover some of the different UH categories of
Speaker 1: products where we feel going generic makes a lot of sense,
Speaker 1: and we're gonna talk about when it makes sense to
Speaker 1: go with the name brand and how to just really
Speaker 1: think about it. Well, looking forward to talking with you
Speaker 1: about this, buddy. Yeah, man, I think some personal finance
Speaker 1: people who nerd out might be like store brand always
Speaker 1: all the time. And you know, I think you and
Speaker 1: I were partial to to store brands, were partial to
Speaker 1: generics and a lot of instances, but not in every case.
Speaker 1: And so yeah, we'll kind of give those parameters on
Speaker 1: how to think about which one you choose. Matt. Before
Speaker 1: we get to that, I wanted to give a quick
Speaker 1: shout out to my seven year old. It's her birthday today.
Speaker 1: She listens to the show, right, Oh, yeah, of course, yeah,
Speaker 1: and uh so she just turned seven. But yeah, I
Speaker 1: had a question for you because one of the gifts
Speaker 1: that I gave her today actually purchased at least a
Speaker 1: year and a half maybe two and a half years ago,
Speaker 1: and I just kind of had it sitting up in
Speaker 1: the top of the closet soever around Christmas time. Cost
Speaker 1: actually has a pretty decent selection of presents for kids,
Speaker 1: and I knew when I saw this gift, oh man,
Speaker 1: seven year old son was gonna really love this, but
Speaker 1: five year old Talma, I can't really play with this yet,
Speaker 1: and so I ended up buying it ahead of time
Speaker 1: and just kind of storing it, holding onto that. And
Speaker 1: I feel like I've been doing that more and more
Speaker 1: over the years. I didn't have something in our closet
Speaker 1: from this past Christmas that our ten month old just
Speaker 1: isn't ready to play with and might not be ready
Speaker 1: to play with for another year. So you're probably wondering,
Speaker 1: when is it old enough for my son to start
Speaker 1: playing with a little be Begun? The Red Rider be
Speaker 1: Begun not cool until at least eleven or twelve, I think.
Speaker 1: But yeah, so I just what's your take. Do you
Speaker 1: ever buy presence in advance. Do you ever see such
Speaker 1: a good deal? But you're like, my kid is not
Speaker 1: ready for that yet, but I'm gonna hang onto it
Speaker 1: for a while. And this is one of the ways
Speaker 1: where you and I are so different. I feel like,
Speaker 1: like you're so good at thinking ahead like this, and
Speaker 1: it's a valuable trait, you know, to to know that, Okay,
Speaker 1: one of these days we'll get around to this. But
Speaker 1: I just I tend not to think that way. Mine
Speaker 1: sort of default is that I'm focusing on the risk
Speaker 1: involved with that, right, I'm thinking what if what if
Speaker 1: they don't like it, you know, like or this is
Speaker 1: something that they may never get into. Uh. In this case,
Speaker 1: it sounds like it was something that was maybe more
Speaker 1: of a slam dunk for you, and so you thought, Okay,
Speaker 1: surely this is gonna be something that's gonna work out.
Speaker 1: But yeah, like where my mind goes is that, well,
Speaker 1: I don't know if this is gonna be something that
Speaker 1: they would actually want two years down the road. Yeah exactly. Yeah,
Speaker 1: taste might change, something might go out of style, you know,
Speaker 1: if it's something that's more timely. But I guess the
Speaker 1: argument can be made that this could be something you
Speaker 1: can give to any kid, right, and so like, even
Speaker 1: if your daughter doesn't like it, you could kind of
Speaker 1: put that on the shelf in the closet where maybe
Speaker 1: you have some other gifts or other books that you're
Speaker 1: planning to give other kids, you know, for their birthdays.
Speaker 1: We kind of have a shelf like that in our
Speaker 1: closet where we we find a deal on something, or
Speaker 1: we find something that we really like, we buy a
Speaker 1: bunch of those and set them aside, and that's just
Speaker 1: something that we give to a bunch of kids that
Speaker 1: year until we run out. Yeah. I love kind of
Speaker 1: the idea of planning ahead with gifts for my my
Speaker 1: kids friends, in particularly when there's a sale on something
Speaker 1: and I'm like, yeah, I think people are gonna love that.
Speaker 1: Then I don't mind stocking me up on a couple
Speaker 1: of copies of a book or a couple of board
Speaker 1: games or something like that, because you know, we love
Speaker 1: board games, um and and hopefully her friends do too.
Speaker 1: But yeah, and it keeps you from running into Target,
Speaker 1: you know, last minute, and dropping thirty thirty five bucks
Speaker 1: when you really you could have gotten a similar gift
Speaker 1: for twelve bucks on sale exactly. Yeah, that's what I'm fine.
Speaker 1: I can get behind that for sure. Okay, cool. Yeah,
Speaker 1: so yeah, if I see something in the future and
Speaker 1: it's like heavily discounted and I think my kids are
Speaker 1: gonna like it when they're like eighteen nineteen, you know,
Speaker 1: I don't know. Maybe maybe twelve years down the road
Speaker 1: is too far to thinkin but uh, but yeah, Happy
Speaker 1: birthday to my my seven year old Salma. And um,
Speaker 1: I'm gonna keep buying year presence years in advance. Probably
Speaker 1: all right, man, let's go ahead and introduce our beer
Speaker 1: for this episode. Uh, this episode, we're drinking a Spotted
Speaker 1: Cow and that's by a New Glaris brewing company. They're
Speaker 1: out of Wisconsin. The Big Things. To our buddy James
Speaker 1: for donating these to the show. I'm looking forward to
Speaker 1: enjoying this one with you, man and sharing our thoughts
Speaker 1: at the end of the episode. Yeah, James had some
Speaker 1: friends going up to Wisconsin and he requested New Glaris
Speaker 1: and then he shared someone in Love with us. New
Speaker 1: Glaris makes great beers. Man, looking forward to having this
Speaker 1: one with you, my friend. But let's get onto the
Speaker 1: subject in hand. We're talking about name brands and generics.
Speaker 1: How do you choose between them and Matt, Private labels
Speaker 1: or generics are roughly sixteen percent of overall sales. In
Speaker 1: particular for talking about the grocery store, and we're gonna
Speaker 1: talk about grocery store, but we're also going to talk
Speaker 1: about other decisions to write. Name brands are still more
Speaker 1: popular with people, but still that sixteen percent number, it's
Speaker 1: still a big shift from from years ago when store
Speaker 1: brands were even less popular, right, But but private label
Speaker 1: goods they're cheaper and often just as good as their
Speaker 1: name brand counterparts. That's one of the things that we
Speaker 1: definitely want to hammer home in this episode is that,
Speaker 1: especially today, Uh, store brand goods are not massively inferior.
Speaker 1: I think it's more of a psychological hurdle that we
Speaker 1: have to overcome. And some store brands have even developed
Speaker 1: like a cult following, and many people view them as
Speaker 1: superior to the name brands that cost more. Matt. Of course,
Speaker 1: you know, I like Costco and of course, and some
Speaker 1: of their Kirkland signature products actually really hit the mark
Speaker 1: on this. Uh, there's certain things that the Costco sells
Speaker 1: under their store label that are actually much better tasting
Speaker 1: or much better quality. Oftentimes than the name brand counterparts
Speaker 1: that they sell right next to it. And it turns
Speaker 1: out too that in it taste tests from Consumer Reports,
Speaker 1: they did a study store brands taste just as good
Speaker 1: as their name brand counterparts. So it's nice to have
Speaker 1: that kind of factual information backing us up to that
Speaker 1: Consumer Reports has provided. Yeah, the knots to mention the
Speaker 1: boost that generic brands have also gotten, man, just from
Speaker 1: there being less supply, you know, like when it comes
Speaker 1: to toilet paper, folks were just wanting to get some
Speaker 1: toilet paper in their house so that they didn't have
Speaker 1: to use paper towels, right, nobody wanted to use papor towels.
Speaker 1: That it didn't matter if you've got the name brand
Speaker 1: or just any toilet paper in your bathroom. That's a
Speaker 1: good point. Yeah, some of us have been forced to
Speaker 1: try the store brands, even maybe when we never did before,
Speaker 1: because that's all that's left on the shelf for certain
Speaker 1: items right now. Yeah. Absolutely, um, And you know, so
Speaker 1: you mentioned that test that Consumer Reports brand. It also
Speaker 1: showed that your average savings from buying generic brands at
Speaker 1: the grocery store is over snagging the name brand equivalent.
Speaker 1: And since groceries are such a large part of most
Speaker 1: of our budgets every single month, Like that's a big deal.
Speaker 1: But again, you know, it's not just groceries that we're
Speaker 1: talking about here. We'll certainly talk about the perks of
Speaker 1: buying generic or store brands in the grocery store, but
Speaker 1: also talk about, you know, how you can think about
Speaker 1: name brands verse store brand alternatives in your everyday shopping,
Speaker 1: you know, like like for clothes or for medicine as well.
Speaker 1: You know, should you get that North Face rain jacket
Speaker 1: or maybe an off brain equivalent? You know, is it
Speaker 1: worth it to take a risk on some basic MASc
Speaker 1: era or maybe you should just stick without higher end
Speaker 1: stuff that you normally get. Sounds like a dilemma you
Speaker 1: faced before all the time, and so by the end
Speaker 1: of this episode, hopefully our listeners will be able to
Speaker 1: easily answer these questions themselves based on some of the
Speaker 1: things that we're gonna talk about. Yeah, Matt, And of
Speaker 1: course we just already mentioned the obvious that it's more
Speaker 1: affordable to buy store brand items, right, But it's also
Speaker 1: important to note that most store brand products have the
Speaker 1: exact same ingredients that are made incredibly similarly to their
Speaker 1: name brand counterparts. There are lists on the internet Matt,
Speaker 1: that you can easily hunt down on Google of items
Speaker 1: that are actually not even just equivalently made or similarly made,
Speaker 1: but that are the exact same item as the store brand.
Speaker 1: So like, for example, Kirkland Signature again Costco, their batteries
Speaker 1: are apparently from everything you can find on the internet,
Speaker 1: the exact same as Durstall batteries. There's no difference except
Speaker 1: for the exterior rapper on them, and a lot of
Speaker 1: people don't know that that. Sometimes name brand manufacturers are
Speaker 1: actually making the store brand items themselves, so oftentimes there
Speaker 1: just isn't really much of a difference in quality. But
Speaker 1: but even still, it can be easy for us to
Speaker 1: spend too much money on name brands in the grocery store.
Speaker 1: And and I think part of that, right is, is
Speaker 1: due to in store displays kind of drawing our eyes,
Speaker 1: drawing our attention, and it makes it easier to grab
Speaker 1: something that costs more and looks familiar because we've seen
Speaker 1: it on TV. Also, Matt, I actually dug up some
Speaker 1: fascinating supermarket stats that provided some helpful information kind of
Speaker 1: on this, and and they show that we tend to
Speaker 1: spend forty of our money on whatever the store manager
Speaker 1: is promoting on the aisles and caps. That means we're
Speaker 1: susceptible to buying the most expensive products just because of
Speaker 1: where they're placed. And some of the name brands actually
Speaker 1: have paid lots of money to grocery stores throughout the
Speaker 1: years to be placed at high level, to be placed
Speaker 1: at the best spot for consumers to reach their goods,
Speaker 1: Like we don't even like to bend down to go
Speaker 1: to the lowest shelf and the grocery store to look
Speaker 1: for you know, cheaper items or store brand equivalents. Joel.
Speaker 1: That actually reminds me of so Uh in King of Kong,
Speaker 1: you know that documentary. We've talked about this before. My
Speaker 1: favorite ones Billy Mitchell, the you know, like the bad guy.
Speaker 1: He has hot sauce and I remember there's this one
Speaker 1: scene when he's in the store and they're you know,
Speaker 1: filming him and he's talking about I guess this hot sauce.
Speaker 1: Were talking about video games, and he's like I remember
Speaker 1: him like pushing back the other hot sauces and pulling
Speaker 1: his forward so they like take up more shelf space.
Speaker 1: It's such a dirt bag. But yeah, you're in a
Speaker 1: much greater advantage if everyone could see your stuff, and
Speaker 1: it makes a huge deal. That shell space makes all
Speaker 1: the difference. And you're talking about the studies. They also
Speaker 1: showed that the average visit to the grocery store that
Speaker 1: it lasts about thirteen minutes, and of that thirteen minutes,
Speaker 1: we dedicate at most of our time in the store
Speaker 1: to actually selecting things to buy. Uh, and the rest
Speaker 1: of the time turns into just this quote unquote in
Speaker 1: effective wandering, you know. And so from the marketer standpoint,
Speaker 1: this is valuable time that they have to position their
Speaker 1: products in front of our eyes, you know, hoping that
Speaker 1: they end up in our carts. Uh, And we're gonna
Speaker 1: end up spending more money on these name brand products.
Speaker 1: And this can suck when we're not even aware that
Speaker 1: we're even doing that. Yeah, I think the worst possible
Speaker 1: way to go in the grocery stores to go in Hungary,
Speaker 1: and then the second worst way to go into a
Speaker 1: grocery stores to go in board. Yeah, you're you're looking
Speaker 1: for stuff to buy. In both ways, you're susceptible to
Speaker 1: buying a much of stuff that you don't need. But
Speaker 1: in particular, we're more susceptible to buying the name brand
Speaker 1: items that are specifically shoved in front of our faces.
Speaker 1: But so much of the time when you brand name items,
Speaker 1: you're paying for clever branding and advertisements. We all know that,
Speaker 1: but still sometimes we get hooked. That's not always the case.
Speaker 1: Of course, some name brand items make more sense for us,
Speaker 1: and they're worth the additional money. Right For example, maybe
Speaker 1: some name brand running shoes. You might not want the
Speaker 1: ten dollar shoes the bargain baseman price. Yeah, I will
Speaker 1: not wear ten dollar bargain basement tennis shoes to to
Speaker 1: go run. Yeah, I don't gonna do. I wouldn't do
Speaker 1: it either if I like to run wreck my knees.
Speaker 1: But of course there are a lot of times where
Speaker 1: it does make sense and you want to save more
Speaker 1: money by going with store brands and generics, and it's
Speaker 1: gonna be a big help to your budget. And later
Speaker 1: on the show, we're gonna talk about kind of some
Speaker 1: principles for how you make the choice, But before we
Speaker 1: get to that, we're going to talk about specific items
Speaker 1: that we think it makes the most sense to buy
Speaker 1: generic or store brand equivalent, and we'll get to some
Speaker 1: of those right after the break. All right, Joe, we
Speaker 1: are back from the break, and let's go ahead and
Speaker 1: talk about some of the best items that we think
Speaker 1: folks should be buying generic. And I say we think
Speaker 1: because I'm pretty much any one of these categories. I
Speaker 1: feel that someone who's listening could say, no, you guys
Speaker 1: are being way too cheap. That's not something you should
Speaker 1: go generic on. And so I guess I want to
Speaker 1: preface with that because it all comes down to the
Speaker 1: things that we value. Obviously, there's certain things that you
Speaker 1: and I would like to spend good money on. We
Speaker 1: spend good money on quality local craft beer, not just local,
Speaker 1: but just nice craft beer from all across the country,
Speaker 1: all across the world. And that's not something that a
Speaker 1: lot of people would do. And so there are certain
Speaker 1: categories where you're gonna want to spend more money on
Speaker 1: than we are. So that being said, let's go ahead
Speaker 1: and name a few, you know, categories, a few things
Speaker 1: where you know, we feel that you should almost never
Speaker 1: be buying the name brand version. All right, let's talk
Speaker 1: about beer real quick for a second. Matt. While we're
Speaker 1: talking about alcohol, dive into it. That is something that
Speaker 1: I think a lot of people would be happy to
Speaker 1: buy generic of to buy just kind of store brand
Speaker 1: Aldi beer, Costco beer or whatever it is. Trader Joe's
Speaker 1: has their own beers that they sell. Well, some of
Speaker 1: Trader Joe's beers are actually good. Uh, they're okay. Yeah,
Speaker 1: there's there's a couple that are made by specific brews,
Speaker 1: but you gotta kind of dive deep for those. Yeah,
Speaker 1: And I generally speaking, you're talking about just like the
Speaker 1: light loggers sitting on the shelf. But even sometimes they
Speaker 1: try to make like a porter or something like a
Speaker 1: decent style of beer that I enjoy, and I just
Speaker 1: find that they're never as good as the beer that
Speaker 1: I typically get from better known breweries and local brewers
Speaker 1: that make just really really good stuff. So that's something
Speaker 1: I'm not willing to compromise on. But I think some
Speaker 1: people would be happy and and are typically happy with
Speaker 1: the generic beer equivalence. But what about spirits, Matt, I
Speaker 1: think that's actually, at least in my mind, maybe someone
Speaker 1: who's not a connoisseur that I'm more than willing to
Speaker 1: go generic on a whiskey or a vodka or something
Speaker 1: like that. It kind of depends on on which spirit
Speaker 1: you're talking about, because when it comes to like scotch,
Speaker 1: like there's a type of Scotch that I like to drink,
Speaker 1: but pretty much everything else that I'm willing to cut
Speaker 1: some corners on for sure. Yeah. Well again Costco for
Speaker 1: the win here, man, They've got some Kirkland signature like
Speaker 1: vodka and uh and tequila products that I've actually enjoyed
Speaker 1: throughout the years, but those just starting things I drink
Speaker 1: very frequently, so I'm probably not the best person to
Speaker 1: judge on that. Yeah, but I've read stories and like
Speaker 1: heard podcasts actually on how like the high end like
Speaker 1: top shelf vodka, it's not any better than the cheap stuff,
Speaker 1: you know, when you're going for something tasting like nothing. Uh, well,
Speaker 1: like it's all the same and you're talking about a
Speaker 1: discount typically Yeah, he's from the high end stuff. Yeah. Well,
Speaker 1: while we're on the topic of alcohol, we may as
Speaker 1: well talk about drugs as well. Yeah, yeah, name brand
Speaker 1: over the counter drugs and medicine. Man, they make no
Speaker 1: sense to me, you know, like when the active ingredient
Speaker 1: is exactly the same as the store brand, I think
Speaker 1: we should all be reaching for the generic. I think
Speaker 1: One of the ways that name brands kind of get
Speaker 1: you when it comes to purchasing their medicines over the
Speaker 1: generic the store brand is because a lot of times
Speaker 1: I think when you're sick, you don't really care about
Speaker 1: like saving fifty cents. You're you're just thinking, oh, like
Speaker 1: no matter what, I want to be better, you know,
Speaker 1: like I want the best thing that money can buy.
Speaker 1: But like you're not really taking the time to realize
Speaker 1: that like this is really the same stuff. Yeah, that
Speaker 1: your money is not actually going further and making a
Speaker 1: difference in how quickly you're going to recover. Those medicines
Speaker 1: that you're buying have the same active ingredient there, they're
Speaker 1: almost same. They might have, like at least for kids,
Speaker 1: like a slightly different flavor or a different packaging. Yeah, yeah,
Speaker 1: you're paying for nicer, shinier packaging. Yeah, pretty much a
Speaker 1: better designed label for sure, But that's a you know,
Speaker 1: it's also better to get generic prescription drugs too, if
Speaker 1: you know they will work for you as well, Like
Speaker 1: these will save you a ton of money, So make
Speaker 1: sure to check in with your doctor, you know, when
Speaker 1: they're prescribing something, ask if there is a generic equivalent
Speaker 1: or even once you get to the pharmacy, check with
Speaker 1: the pharmacist and see if there is an equivalence that
Speaker 1: could potentially save you a ton of money. Yeah. Sometimes
Speaker 1: I've showed up the pharmacy and I've gotten the quote
Speaker 1: on how much it's gonna cost, and my first question
Speaker 1: is is there a generic equivalent? Because the sticker shot
Speaker 1: can be so great, and typically there is. Um If
Speaker 1: there's not, obviously there are other workarounds, but I agree
Speaker 1: for a lot of prescription drugs there are generic equivalents
Speaker 1: that are just as good and that cost a fraction
Speaker 1: of the amount that you would otherwise pay. All right,
Speaker 1: let's talk about baby formula. That's one of those things
Speaker 1: that is a big money saver that you're feeling right
Speaker 1: now by buying generic instead of bout the name brand. Right,
Speaker 1: we're definitely spending a large portion of our monthly allotted
Speaker 1: budget towards grocery just on baby formula because that stuff
Speaker 1: is expensive. Yeah, for sure, we're not doing formula right now,
Speaker 1: but I know that the last time we had to,
Speaker 1: we were able to get it from Costco, and I
Speaker 1: can see the equivalent name brand product sitting right next
Speaker 1: to it in the same size, packaging, same serving size
Speaker 1: and everything, and it's twice as much money and you're
Speaker 1: getting gears from all the similar story really where it's
Speaker 1: a whole lot less than the name brand, and really
Speaker 1: it's not all that different of a of a product.
Speaker 1: The same ingredients are involved. Yeah, the biggest thing when
Speaker 1: it comes to formula specifically is to look at you know,
Speaker 1: what they compare it to, because you know, like all
Speaker 1: different instance, they've got three or four or five different
Speaker 1: kinds of formula and on each one of them they
Speaker 1: say compared to a different name brand, similar pro formula
Speaker 1: or whatever. I don't don't even know what it says,
Speaker 1: but uh, that lets you know that you know if
Speaker 1: your baby does like a specific brand because of formulas
Speaker 1: are different between some of the different makers. Right, we're
Speaker 1: not saying that they're all the same. But when you're
Speaker 1: able to get apples to apples, you know you've got
Speaker 1: that name brand Apple and you're comparing it to the
Speaker 1: generic Apple. The formulas are almost identical. And so if
Speaker 1: that's something you're considering, you're considering switching to the generic.
Speaker 1: Look specifically for that name brand kind of written on
Speaker 1: there that you're supposed to compare it to that'll get
Speaker 1: you far. Yeah, and babies typically once they've kind of
Speaker 1: gotten started on a specific kind of formula, they don't
Speaker 1: like to switch. They don't take to it super easily.
Speaker 1: So yeah, finding the most direct comparison that you can
Speaker 1: it makes it more likely that they're actually going to
Speaker 1: make the switch. Well yea, yeah, we're not saying to
Speaker 1: go super cheap and just to switch your baby to
Speaker 1: the cheapest, most easily accessible stuff because you know, yeah,
Speaker 1: it's really important to keep the baby happy exactly, making
Speaker 1: some of that sanity, especially if it means they're going
Speaker 1: to sleep through the night or not. Yeah, all right,
Speaker 1: so WHI we're talking about babies were place, Let's talk
Speaker 1: about diapers, Matt. Have you found any difference in name
Speaker 1: brand diapers versus store brand diapers or even just kind
Speaker 1: of more generic brands that aren't the ones that you
Speaker 1: see on TV? Ye. I mean this is an area
Speaker 1: that where I can say that the store brand was,
Speaker 1: in our opinion, was stinking better than the a couple
Speaker 1: of the different name brands that we were trying out.
Speaker 1: You know, a lot of times when you have a baby,
Speaker 1: people will give you a lot of different random stuff,
Speaker 1: including diapers, and so I remember specifically having some of
Speaker 1: the fancy diapers, you know, like Pampers or whatever the
Speaker 1: other brands are. I specifically remember how you know they
Speaker 1: would leak, especially overnight, and so like you get up
Speaker 1: in the morning, get the baby up, and you kind
Speaker 1: of have to like change the onesie, change the sheet
Speaker 1: because everything's wet. It wasn't so after we ran out
Speaker 1: of all those diapers that we started trying out Targets
Speaker 1: up and Up. Dude, those diapers were way better than
Speaker 1: the name brand. And so ever since then we had
Speaker 1: stuck with uh Targets brand, which was the up and Up.
Speaker 1: This is just an instance where I feel that going
Speaker 1: with the store brand was just way way better. Yea,
Speaker 1: So we actually did cloth diapers with the first two kidtos,
Speaker 1: but I think we got really lazy with number three,
Speaker 1: and so we're doing regular diapers. And we tried one
Speaker 1: of the cheaper name brands for a while, and then
Speaker 1: we switched to a store brand, the Costco store brand,
Speaker 1: of course, and we promised this is not just a
Speaker 1: sponsored episode for Costco. Even don't though it sounds like
Speaker 1: it is. I'm just in love. But yeah, so I
Speaker 1: need to give all the more love. Yeah, I mean
Speaker 1: all the rocks too. But the diapers, the Kirkland signature
Speaker 1: diapers were just so much more absorbent. They were way better.
Speaker 1: All right, let's talk about water. Yeah, you should probably
Speaker 1: just be drinking tap water, I think, and maybe filter
Speaker 1: tap water if you're into that. But it's so incredible
Speaker 1: to see the differentiation that's happened in the water category. Man,
Speaker 1: they're super fancy name brand water. There's kind of like
Speaker 1: we'reunning the mill name brand bottle of water. Now, it's
Speaker 1: just kind of all over the place. It's crazy to
Speaker 1: think how much more you could pay for certain brands
Speaker 1: of bottle of water that really aren't that much different.
Speaker 1: And actually, when you read up on bottle of water,
Speaker 1: so many different varieties of bottle of water are actually
Speaker 1: just tap water put in a plastic bottle. And so yeah,
Speaker 1: I would say try to remind yourself when you're buying water,
Speaker 1: when you actually do need to buy bottle water, which
Speaker 1: should be rare, that it's just marketing and Jedimi tricks
Speaker 1: trying to get you to buy something that's more expensive
Speaker 1: that you don't actually need. Yeah, so le, let's kind
Speaker 1: of get out of the grocery store a little bit
Speaker 1: and a category where I feel there's such a huge
Speaker 1: disparity between you know, going with something that's a little
Speaker 1: more generic and something that's name brand our glasses. Man,
Speaker 1: this is something that I have to deal with every
Speaker 1: few years when I purchased some new glasses. But check
Speaker 1: out sites like Zeny Optical, which is my favorite, or
Speaker 1: even Goggles for you in order to get your prescription
Speaker 1: glasses at a massive discount over some of those different
Speaker 1: designer name brands. You should make sure that you're going
Speaker 1: into the epometrist, you know, to ensure that your prescription
Speaker 1: is correct and up to date. But then you know,
Speaker 1: take that information and order your glasses online to to
Speaker 1: save a ton and also, you know, from personal experience,
Speaker 1: I promise that you'll see just as well too. I
Speaker 1: mean I've been using Zenny for years now, and every
Speaker 1: few years I'll put a big order where I'll order
Speaker 1: like three or four different pairs just to try out
Speaker 1: some new ones. Maybe to get an updated pair of sunglasses,
Speaker 1: because you can get prescription sunglasses as well and have
Speaker 1: them tinted. Just get a fresh look, you know, yeah,
Speaker 1: I just get a fresh look. For sure. My my
Speaker 1: my regret. With my most recent sunglass purchases, I wish
Speaker 1: I would have gone with the mirror coating on the outside.
Speaker 1: I forgot what the up charge was for that. But
Speaker 1: you know, more I see people with the with the
Speaker 1: mirrored sunglasses, I'm like, dang it, I should have done
Speaker 1: that route. You don't want people looking in your eyes.
Speaker 1: That's what it is. Oh, you got sunglasses on people
Speaker 1: can't really see anyway. But I don't know. I feel
Speaker 1: like when you have sunglasses on them that have the
Speaker 1: mirrored look and it's like kind of colored, it's got
Speaker 1: a nice gradient, it just it doesn't matter where you are,
Speaker 1: but you look like you should be at the beach.
Speaker 1: You know, No, I understand, But yeah, I think you're
Speaker 1: right on the on the glasses front, and that's a
Speaker 1: place where you can save eighty or ninety percent, right, Yeah,
Speaker 1: easily going with Zenny or goggles for you or something
Speaker 1: like that, you're gonna save a ton over money. Dude
Speaker 1: walking into your local optometry's office and picking out whatever
Speaker 1: is on the wall. Yeah, well, specifically, like my first
Speaker 1: pair of glasses I ever got were a pair of
Speaker 1: ray bands, because you know, I was just like, all right,
Speaker 1: I want some thick frame ray bands. I want to
Speaker 1: kind of look like Ira Glass a little bit. Sure,
Speaker 1: I look cool. I end up spending so much money
Speaker 1: on that pair of frames and they look cool. But
Speaker 1: I've got framed man that look just as good that
Speaker 1: I get for twenty bucks for a pair of frames
Speaker 1: from from Zenny, So I highly recommend them. Yeah, that's
Speaker 1: a good one. All right. Let's talk about gasoline for
Speaker 1: a second, And that's not something that people normally think
Speaker 1: about buying a generic or buying a store brand, but
Speaker 1: it happens, and there are significant price disparities between different
Speaker 1: gas stations, and typically the difference is kind of name
Speaker 1: brand versus off brand, or like a warehouse club or
Speaker 1: one of those gas stations that has like twenty pumps
Speaker 1: that does a lot of business. And some people are
Speaker 1: are convinced of buying gas at the major stations is
Speaker 1: better for your car, and the advertisements kind of trying
Speaker 1: to sell you on that as well, but it's just
Speaker 1: not true. Right, Buying cheaper gas will not harm your car,
Speaker 1: and as long as you're getting the proper octane that
Speaker 1: is meant for your vehicle, then you're fine. Again, so
Speaker 1: much of it comes down to branding saying that they
Speaker 1: have included special detergents in their gasoline. But there's just
Speaker 1: no discernible difference in any of that stuff. It's it's
Speaker 1: really just marketing mumbo jumbo. And what about organics, organic foods?
Speaker 1: If if eating organic is important to you, it's gotten
Speaker 1: a lot easier to eat organic. But on a budget,
Speaker 1: you know, you can definitely get store brand organics now
Speaker 1: on the reg so it doesn't have to come down to,
Speaker 1: you know, whether you're going to fork out the money
Speaker 1: for the name brand individually wrapped single serve of Kiwi
Speaker 1: that you might they pick up from Whole Foods. You
Speaker 1: can easily pick up some great organic foods from you know,
Speaker 1: stories like Aldi from Walmart. Last I checked, Walmart is
Speaker 1: actually the largest retailer of organic foods because of the
Speaker 1: number of stores that they have all across the country.
Speaker 1: And in my book, Walmart isn't considered name brand, no, no,
Speaker 1: for sure, And yeah, just organics in general, the prices
Speaker 1: come down so much, and so much of that is
Speaker 1: due to store brands creating a line of organics and
Speaker 1: pricing them competitively. And so yeah, we've seen Kroger, aldi
Speaker 1: Walmart get into the mix, and it means that buying
Speaker 1: organics has just gotten so much easier, and it's gotten
Speaker 1: so much cheaper. And Matt, you and I, well, when
Speaker 1: it comes to shopping in the grocery store, we're not
Speaker 1: banking cuponning. Some people really like that and they find
Speaker 1: that a good way to save money, but you and I,
Speaker 1: we we kind of find that to be more of
Speaker 1: a hassle. It's cumbersome my style. Now, I'm not into it.
Speaker 1: But it's important to note that actually coupons have an
Speaker 1: effect that can sometimes make the name brand items a
Speaker 1: whole lot cheaper than the store brand items. So if
Speaker 1: you're into coupons and sales shopping, you can potentially save
Speaker 1: by sticking to name brands. So this is kind of counterintuitive,
Speaker 1: counter to what we've just been talking about, but if
Speaker 1: you do like to shop sales and use coupons, you
Speaker 1: might actually save more if you time things right by
Speaker 1: taking those tactics in order to buy name brands. Just
Speaker 1: felt like that was worth bringing up because some people
Speaker 1: are like, no, I want the name brand oreos, not
Speaker 1: the fake ones, and you might do better if you
Speaker 1: hold out for the coupons to to rolling in the paper. Yeah,
Speaker 1: but I mean at the same time, though, sometimes those
Speaker 1: coupons will just bring the name brands down to the
Speaker 1: same cost as the store brands, right, And so in
Speaker 1: that case, you're spending a lot of time and effort
Speaker 1: just to save a little bit of money to get
Speaker 1: you know, a product that might be better but just
Speaker 1: at the same price. And so in my mind, the
Speaker 1: way I see it, you're just wasting a lot of time. Well,
Speaker 1: those name brand oreos are better, I think, right, That's
Speaker 1: one place I think a lot of people would say,
Speaker 1: I'm drawing the line we never buy oreos. I don't either,
Speaker 1: but like, I know that I've had both kinds, and
Speaker 1: I know that the name brand oreos are better than
Speaker 1: the fake ones. Like, they're just certain things that we've
Speaker 1: had experience with, and we know we have a line
Speaker 1: that we draw and and we're not going to go
Speaker 1: past that when it comes to buying the off brand
Speaker 1: fair enough, I just use that as a deterrent to
Speaker 1: keep me from buying the things that I shouldn't buy. Well, Joe,
Speaker 1: I'll not know. We're gonna take a quick break, but
Speaker 1: after that we're gonna talk about how to go about
Speaker 1: thinking through whether or not you should go with a
Speaker 1: name brand, how you should go about making that decision.
Speaker 1: So we'll get to that right after the break. All right,
Speaker 1: we're back from the break, and let's talk about when
Speaker 1: it does make sense to go with the name brand.
Speaker 1: We just gave kind of a bunch of categories where
Speaker 1: we think the store brand or the generic makes a
Speaker 1: whole lot more sense. It's going to save you money,
Speaker 1: and it's gonna be just as good as what you
Speaker 1: would have bought except for the oreos. But when does
Speaker 1: it make sense to go with the name brand. Well,
Speaker 1: if there is a type of product that you're looking
Speaker 1: for and there just isn't a generic equivalent, Right, Sometimes
Speaker 1: with certain items, in particular, Matt, from what I hear
Speaker 1: from my wife cosmetics, there just isn't a generic available
Speaker 1: that has the same formula. Uh So, these, of course
Speaker 1: would be instances where the quality just isn't the same
Speaker 1: and the product is different enough that it makes sense
Speaker 1: to get the name brand and not trying to hold
Speaker 1: out for a generic that just isn't nearly as good. Yeah, certainly, man,
Speaker 1: if the quality of the generic isn't up to snuff,
Speaker 1: then that's something you want to avoid completely, otherwise you'll
Speaker 1: be branded as cheap for bringing home that cheap stuff. Dude,
Speaker 1: don't do it now. You'd rather be frugal. And you know,
Speaker 1: that kind of leads us to talking about like quality
Speaker 1: and guarantee of products. That's certainly consideration as well, especially
Speaker 1: when you're looking at items that cost a bit more
Speaker 1: than your standard grocery store purchases. You know, Like I'm
Speaker 1: thinking of the fancy tool company snap On, where they
Speaker 1: have like a lifetime warranty on their tools. You know,
Speaker 1: I think they'll even come out with their truck uh
Speaker 1: full of tools to to make replacements for you. But
Speaker 1: that's something where you're gonna be paying more. You're paying
Speaker 1: a premium for the products, but you're also getting an
Speaker 1: amazing guarantee of just quality tools. I'm also thinking of
Speaker 1: a clothier LLL being. They used to have their lifetime warranty,
Speaker 1: but man, that's something that they discontinued a couple of
Speaker 1: years ago, so good well last due to people abusing it. Yeah,
Speaker 1: I'm not gonna accuse you, but no, no, it wasn't
Speaker 1: mean I don't actually don't wear l L being but
Speaker 1: I love that that they had that policy. Um, but
Speaker 1: you know there's other outdoor companies as well, like Osprey.
Speaker 1: They have guarantees on their backpacks for life. A good
Speaker 1: buddy of mine, I know, he's worked with them before
Speaker 1: to actually make a documentary about hiking the A Team,
Speaker 1: but they were a sponsor and he was really happy
Speaker 1: to have them on board because they had such an
Speaker 1: amazing guarantee on on a lot of their equipment, specifically
Speaker 1: their their backpacks. Yeah, of course, I think, especially when
Speaker 1: it comes to clothing or outdoor products, name brands can
Speaker 1: oftentimes have a huge leg up. I feel like in
Speaker 1: the grocery store, it's a different conversation, but there are
Speaker 1: lots of other areas of our lives where it does
Speaker 1: make sense to buy something that is more expensive, in
Speaker 1: particular to get something gets of higher quality. Matt. That
Speaker 1: just reminds me of something that you and all my
Speaker 1: other buddies made fun of me about. I bought in Atlanta,
Speaker 1: United Jersey on eBay that was not legitimate. I guess
Speaker 1: it was not legit. Yeah, colors were even off. That
Speaker 1: was actually how you could tell is because it was
Speaker 1: like it was a brighter red. It was like a
Speaker 1: candy apple red versus like this rich dark red. Yeah, no,
Speaker 1: it's pretty obvious. I think I got it for eighteen
Speaker 1: or twenty bucks or something like that, and you know,
Speaker 1: the the real thing costs more like sixty bucks, eighty
Speaker 1: bucks whatever. And so yeah, that Christmas signed up asking
Speaker 1: for the real thing from my parents from for saying
Speaker 1: it brought it for you exactly. But that's one of
Speaker 1: those things where it is worth it so much. So
Speaker 1: many times that was a wasted twenty bucks for me
Speaker 1: because I just never really wore that. Think again, not
Speaker 1: because I was ashamed or I didn't want people to
Speaker 1: make fun of me, but just because once I got it,
Speaker 1: I was like, oh, yeah, this is not great quality.
Speaker 1: It is cheap. It sucks. And so yeah, I think
Speaker 1: that is something that we do need to take into
Speaker 1: consideration and not just necessarily assume that something is higher quality,
Speaker 1: but maybe do a little bit of research. Uh. That's
Speaker 1: what is great about the Internet. You can do research
Speaker 1: so easily and you can find out, well, okay, what
Speaker 1: is the difference. Does this item actually provide a better
Speaker 1: guarantee or higher quality? And if it does, then I
Speaker 1: think it does make more sense in many cases to
Speaker 1: spend more money and the name brand. Yeah, you know,
Speaker 1: sometimes it makes sense to go with a name brand
Speaker 1: because you are sticking with what you know. You know,
Speaker 1: if you currently maybe have more money than you have time,
Speaker 1: and sometimes it makes sense to stick with a product
Speaker 1: that you know that will work for you. In this case,
Speaker 1: it's not even a generic versus a name brand thing,
Speaker 1: but like you're just paying for the ability to not
Speaker 1: have to make another decision and even potentially having a
Speaker 1: product that you're not happy with. An example I'm thinking
Speaker 1: of is Kate and I we were this is several
Speaker 1: years ago, but we were going to repaint our dining room,
Speaker 1: and like, quality paint is expensive, specifically super paint from
Speaker 1: Sherwin Williams. It can be pretty pretty pricey, even when
Speaker 1: you wait to one of the four times every year
Speaker 1: that they just kind of off sometimes those are those
Speaker 1: are beautiful days. But even still, like that's some really
Speaker 1: expensive paint if you get the higher end stuff. And
Speaker 1: so Kate and I we talked about this for it's
Speaker 1: way too long. We spent way too much talking about
Speaker 1: whether we should stick with what we knew or if
Speaker 1: we should go with like some of the more you know,
Speaker 1: some of the more affordable kind of contractor lower grade paint,
Speaker 1: and at the end we ended up going with the
Speaker 1: with the cheper stuff, which ended up giving us crappier results,
Speaker 1: and so we had to go back and put multiple
Speaker 1: coats on it in order for it to stick well
Speaker 1: enough there in that dining room. So I guess in
Speaker 1: that case, that was an example where we knew that
Speaker 1: super paint was really good stuff, and we knew that
Speaker 1: like it went on really thick, it's stuck to whatever
Speaker 1: you you know, you painted, And for us at least,
Speaker 1: that was an example where we should have just stuck
Speaker 1: with the tried and true. Yeah, and in particular in
Speaker 1: regards to paint, I always think about the time that
Speaker 1: it takes in order to do it, and if you
Speaker 1: have to repaint after three or four years, as opposed
Speaker 1: to it lasting ten years, definitely worth it to get
Speaker 1: the name brand, right, Yeah, we're just the time that
Speaker 1: it takes to put that second code on because that
Speaker 1: first code didn't stick so well. Yeah, exactly, all right,
Speaker 1: So let's talk about two name brands. Sometimes it makes
Speaker 1: sense to get the name brands if they have a
Speaker 1: specific value or mission that they are trying to accomplish
Speaker 1: and you want to support that, right. Patagonia is always
Speaker 1: an easy example here because they've pledged one percent of
Speaker 1: their sales to the preservation and restoration of the natural environment.
Speaker 1: But there are all sorts of companies now that do
Speaker 1: similar things. Kota Paxi is another one that comes to mind.
Speaker 1: They sell really great out to work gear stuff and
Speaker 1: they've got a really cool mission too, and also I
Speaker 1: just love the way they design stuff. But that's the
Speaker 1: case for a lot of companies now, where they might
Speaker 1: sell you something and then donate a similar item to
Speaker 1: somebody in need. I think that's when it might be
Speaker 1: worth it to get the name brand. It might be
Speaker 1: worth it to pay more if you're supporting a mission,
Speaker 1: you're not just spending more for no reason. And one
Speaker 1: other instance where we feel that it makes sense to
Speaker 1: to be able to buy name brands, it's just when
Speaker 1: you love a specific product, where you love a specific company,
Speaker 1: you know, like you don't necessarily have to have a reason, right,
Speaker 1: why why it makes sense for you to support this company? Uh,
Speaker 1: Sometimes you just go with a certain product because you
Speaker 1: love it, you know. In our case, it's like craft
Speaker 1: Beers is always the example that we give, but it
Speaker 1: might be a completely random company that you just happen
Speaker 1: to like, I guess I want to just put that
Speaker 1: out there, because you don't have to necessarily have a
Speaker 1: defense for buying a specific name brand as long as
Speaker 1: you just don't allow that line of thinking to work
Speaker 1: its way into everything that you buy. You know, you
Speaker 1: can't say that like, well I really like this and
Speaker 1: I really like this. It's like, well, you have to
Speaker 1: pick and so make sure that you are spending your
Speaker 1: money where it counts. Yeah. No, I think you're right.
Speaker 1: I think sometimes it can be as simple as I
Speaker 1: want to support small businesses and I'm willing to spend
Speaker 1: more in order to do that, And I think that's
Speaker 1: a great reason, Like it doesn't have to be one
Speaker 1: of the other reasons that we mentioned, or even like
Speaker 1: you don't even have to choose a small business because
Speaker 1: it's a small business. You can just choose them because
Speaker 1: you like them, you know, like like just like what
Speaker 1: they're doing, like they're cool. Yeah. No, I I agree.
Speaker 1: I think just being thoughtful about it and maybe running
Speaker 1: through some of these filters can be helpful too. So
Speaker 1: all right, let's talk about some tips for deciding I
Speaker 1: would say, first, give it a shot as often as
Speaker 1: you can right try the store brand equivalent, or test
Speaker 1: something out, and specifically in situations where it's not going
Speaker 1: to make that much of a difference. For instance, like
Speaker 1: All the has this double guarantee on most of their items.
Speaker 1: What do you have to lose by going with one
Speaker 1: of the all the products versus one of the name
Speaker 1: brands when you can take it back and get your
Speaker 1: money back, you know it's just not that and will
Speaker 1: replace it, and they'll replace it. Yeah, you don't not
Speaker 1: only have nothing to lose, you just have everything to gain. Yeah.
Speaker 1: So I think there's so many instances where people can
Speaker 1: try out the store brand or the off brand or generic,
Speaker 1: whatever it is, and really the biggest thing you have
Speaker 1: to gain is a bunch of savings over years to come,
Speaker 1: and the biggest thing you have to lose is that
Speaker 1: one time purchase of something that you ended up not
Speaker 1: liking and you're not gonna buy anymore. Yeah. So, if
Speaker 1: you are trying to decide between generic versus a name brand,
Speaker 1: you know you kind of mentioned this earlier, but look
Speaker 1: to reviews, having lots of people kind of weigh in
Speaker 1: on your decision, like that knowledge can help you to determine,
Speaker 1: you know, if that generic brand is lame, you know
Speaker 1: before you click by. This is where online reviews are great,
Speaker 1: because I mean, oftentimes there are hundreds and even thousands
Speaker 1: of people kind of weighing in and helping you to decide.
Speaker 1: But you know, like on the other end of the
Speaker 1: spectrum too, like sometimes it can just come from a
Speaker 1: personal recommendation. If if there's someone who you know, you trust,
Speaker 1: or or maybe they have a little more experience than
Speaker 1: you do in a certain area, then by all means,
Speaker 1: like I feel that can be an instance where you
Speaker 1: look at somebody else. Yeah, Matt, Randomly, I was looking
Speaker 1: for a bottle of tequila at Costco and I saw
Speaker 1: lady with Costco again two bottles of it in her cart,
Speaker 1: and I was like, hey, dang, two bottles. She's going big.
Speaker 1: What's your take on that she had two bottles? I've
Speaker 1: sleep you know, She's like, I just trying to the
Speaker 1: other night for the first time. I'm into it, and
Speaker 1: she didn't stare me wrong. So yeah, sometimes that individual
Speaker 1: review can be helpful, but oftentimes the aggregate, larger amount
Speaker 1: of reviews on a website or something like that can
Speaker 1: really help us know whether it's smart to even give
Speaker 1: an off brand or a generic a shot before we
Speaker 1: buy it and sink our hard earned money into a purchase.
Speaker 1: Totally man, And you know, we kind of just gave
Speaker 1: this example with all the how they have that you know,
Speaker 1: double guarantee, but when you know the return setus of
Speaker 1: your purchase, that can give you a lot of confidence
Speaker 1: as well when it comes to looking to, uh, you know,
Speaker 1: a more generic brand instead of a name brand. For example,
Speaker 1: ARII they have an incredible return policy, So checking out,
Speaker 1: you know, one of the r I branded items, it's
Speaker 1: gonna be less of a gable considering the satisfaction guaranteed
Speaker 1: return policy. When the sticks are low like that, and
Speaker 1: you can kind of mitigate any of the risk that
Speaker 1: you might realize, it makes sense to try the generic
Speaker 1: where you can potentially save money every single time you
Speaker 1: were to buy that item in the future. Matt, I
Speaker 1: mean we still in our family, we there are a
Speaker 1: few name brand items that were fans of and we
Speaker 1: stick to those and I think it's okay, right we
Speaker 1: found a few things that we like better than the
Speaker 1: store brand equivalent, but we try to be as flexible
Speaker 1: as possible ultimately, and we try store brand or generic
Speaker 1: equivalents as frequently as we can to see if there's
Speaker 1: something better out there, and honestly, that's kind of our
Speaker 1: default at this point, Like we typically go to the
Speaker 1: store brand because we assume that it's going to be
Speaker 1: just as good and cost less, and oftentimes we do
Speaker 1: find that we like the store brand even more than
Speaker 1: the name brand equivalent. But it's so helpful to do
Speaker 1: our best to stretch ourselves to try things that we
Speaker 1: might otherwise avoid for the sake of saving money on
Speaker 1: groceries or in other areas of our life, because these
Speaker 1: all have an impact on our budget and on those
Speaker 1: recurring monthly expenses, and we all know that the more
Speaker 1: that we spend on the recurring monthly expenses, the less
Speaker 1: we have to save, the less we have to invest
Speaker 1: in the future. And so yeah, that's why I think
Speaker 1: store brands and generics are something that people should be
Speaker 1: considering more frequently, and especially as they've just gotten better
Speaker 1: and better over the years. I feel so much more
Speaker 1: offinite today that I did, like five or ten years
Speaker 1: ago picking up store brand items because of quality, I
Speaker 1: feel like it's just elevated across the board. Yeah, man,
Speaker 1: that's right. And so let's now stead of talking about
Speaker 1: Generic's name brand, let's talk about our beer for this episode,
Speaker 1: name brand beer. This is not a generic. This is
Speaker 1: a real company that made his beer. Uh New Glaris
Speaker 1: Brewing Company. They made it. And this one is called
Speaker 1: Spotted Cow. This is out of Wisconsin. Joel, what were
Speaker 1: your thoughts on this beer, Buddy, dude. Spotted Cow is
Speaker 1: an institution in Wisconsin. You see a whole lot of
Speaker 1: Miller Light when you go to Wisconsin, but you also
Speaker 1: see a ton of Spotted Cow, and I feel like
Speaker 1: it's a light beer that is is pretty clean, but
Speaker 1: it's also got like a little bit of that funky
Speaker 1: farmhouse going on, not over the top with it. It's
Speaker 1: a lovely beer that I feel like almost anybody can enjoy.
Speaker 1: It's not gonna be abrasive like a lot of the
Speaker 1: I p as that we tend to drink on the show,
Speaker 1: or a sour, but it's high quality at the same time.
Speaker 1: So yeah, I like this beer. Yeah. I'm looking at
Speaker 1: the bottle here and it says that it adheres to
Speaker 1: the Ryan Heads Gabbat's purity law. Is that how you
Speaker 1: say that is that the German purity all that means
Speaker 1: you can only have four ingredients yeast, hops, water, and
Speaker 1: malted barley. I would say, yes, those things are in
Speaker 1: this beer, Like this is just a classic beer. It
Speaker 1: makes me think like on the Simpsons, like they're always
Speaker 1: drinking duffs. I feel like this is the equivalent to dust.
Speaker 1: And that's not like an insult. It's just to say
Speaker 1: that this is like a tried and true, timeless classic
Speaker 1: beer to me. If someone's like, hey, what does that
Speaker 1: taste like, I would just say tastes like beer. You know,
Speaker 1: it tastes like a classic ale. I'm glad that you
Speaker 1: and I got to share this one. I don't think
Speaker 1: I've ever had this one before, and I'm thankful that
Speaker 1: James that he or his friends at least brought some
Speaker 1: back for us to have on the show Man. So James,
Speaker 1: thank you. Yeah, thanks for sharing. All Right, Matt, that's
Speaker 1: gonna do it for this episode. And for folks who
Speaker 1: want to see the show notes for this show, just
Speaker 1: go to our website how to money dot com. And
Speaker 1: for listeners who have not left us a review yet,
Speaker 1: that would really help us to get the word out
Speaker 1: for folks who have not heard of our show before.
Speaker 1: The reviews really do help. And I'll issue a little challenge.
Speaker 1: If there's a beer recommendation you have for us, head
Speaker 1: over to Apple Podcast, let us know that you've enjoyed
Speaker 1: the show and let us know what beer you enjoy.
Speaker 1: Maybe that could be a fun little way for us
Speaker 1: to discover some new breweries out there. Man, there you go.
Speaker 1: It might break the Apple podcast review algorithm, to which
Speaker 1: I'm totally fine with. Like, why are people talking about
Speaker 1: beer here? This is personal finance? But little did they
Speaker 1: know that we mix both of them together. Yeah, we
Speaker 1: do so, buddy. That's gonna be it for this episode, Joel.
Speaker 1: Until next time, best Friends are Out, Best Friends Out.