1 00:00:00,080 --> 00:00:02,960 Speaker 1: Welcome to How the Money. I'm Joel, I'm Matt, and 2 00:00:03,040 --> 00:00:05,640 Speaker 1: today we're discussing when to d I y or hire 3 00:00:05,680 --> 00:00:26,439 Speaker 1: a pro. I see, I caught you off guard a 4 00:00:26,480 --> 00:00:28,320 Speaker 1: little bit with my introduction. I like you when you 5 00:00:28,360 --> 00:00:31,040 Speaker 1: shake things out to the show instead of the I 6 00:00:31,920 --> 00:00:34,600 Speaker 1: Matt uh sometimes like to keep it short and sweet. 7 00:00:34,920 --> 00:00:38,239 Speaker 1: I'm Matt, and welcome to How the Money. Today we're 8 00:00:38,280 --> 00:00:40,320 Speaker 1: talking about Yeah, we're talking about d I y ng 9 00:00:40,360 --> 00:00:43,680 Speaker 1: it because Joel, you and I are frugal dudes, and 10 00:00:43,720 --> 00:00:46,440 Speaker 1: we tend to be borderline cheap, and oftentimes what that 11 00:00:46,479 --> 00:00:49,240 Speaker 1: can lead us is down this path of d I 12 00:00:49,560 --> 00:00:51,760 Speaker 1: y ng things when instead we should be hiring a pro. 13 00:00:51,960 --> 00:00:54,640 Speaker 1: And then on the flip side, sometimes we are automatically thinking, oh, 14 00:00:54,680 --> 00:00:56,240 Speaker 1: you gotta hire a pro for that. I don't know 15 00:00:56,280 --> 00:00:59,160 Speaker 1: anything about that, but when in reality there are ways 16 00:00:59,200 --> 00:01:01,440 Speaker 1: that we could save a lot of money by doing 17 00:01:01,480 --> 00:01:03,680 Speaker 1: it ourselves. I think, especially in today's society, there are 18 00:01:03,720 --> 00:01:08,120 Speaker 1: a lot of people that prioritize that prize convenience, and understandably, 19 00:01:08,160 --> 00:01:11,120 Speaker 1: so I think we lead busier lives. I don't know 20 00:01:11,120 --> 00:01:13,000 Speaker 1: if that's a good thing, but I think it's a 21 00:01:13,000 --> 00:01:17,880 Speaker 1: true thing. And so hiring people, hiring more services, and 22 00:01:18,160 --> 00:01:21,440 Speaker 1: hiring a pro more frequently become starts to become the default, 23 00:01:21,440 --> 00:01:23,040 Speaker 1: starts to become the norm, and so we want to 24 00:01:23,120 --> 00:01:25,720 Speaker 1: question that too. So in today's episode, we're gonna try 25 00:01:25,760 --> 00:01:29,320 Speaker 1: to provide somewhat of a framework for thinking through some 26 00:01:29,400 --> 00:01:31,640 Speaker 1: of these decisions. But Matt, before we get to that, 27 00:01:32,040 --> 00:01:35,240 Speaker 1: I saw commercial on TV the other day for something 28 00:01:35,280 --> 00:01:39,000 Speaker 1: that I thought was long dead, and yet it remains. 29 00:01:39,400 --> 00:01:42,160 Speaker 1: The penny bidding websites. Do you know what those are? 30 00:01:42,200 --> 00:01:46,040 Speaker 1: Have you seen penny auctions? Yes, so, like ten twelve 31 00:01:46,120 --> 00:01:48,360 Speaker 1: years ago, those were a thing. And what you do 32 00:01:48,480 --> 00:01:51,560 Speaker 1: is you buy like a bunch of bids. They seem 33 00:01:51,640 --> 00:01:55,640 Speaker 1: really really inexpensive, and you you stockpile these bids on 34 00:01:55,640 --> 00:01:57,920 Speaker 1: these websites and you're bidding for things like, I don't know, 35 00:01:57,960 --> 00:02:02,200 Speaker 1: like Apple laptops or headphones or different tech sort of items. 36 00:02:02,480 --> 00:02:06,880 Speaker 1: That camera, yes, and that camera might sell for sixty 37 00:02:06,880 --> 00:02:09,800 Speaker 1: dollars when it's actually worth seven fifty dollars and it 38 00:02:09,840 --> 00:02:12,680 Speaker 1: seems like a deal. But the problem is is not 39 00:02:12,760 --> 00:02:17,320 Speaker 1: the final price that is incredibly cheap. It's that you're 40 00:02:17,320 --> 00:02:19,519 Speaker 1: paying money with every single bid to try to win 41 00:02:19,960 --> 00:02:23,480 Speaker 1: that item. And the clock gets reset every time somebody 42 00:02:23,560 --> 00:02:27,080 Speaker 1: bids exactly every time there's a bit well on like 43 00:02:27,200 --> 00:02:29,480 Speaker 1: deal Dash in particular, that's a real popular one. Like 44 00:02:29,520 --> 00:02:31,680 Speaker 1: I think every time you bid, it just raises the 45 00:02:31,760 --> 00:02:34,040 Speaker 1: you know, the price of the item only by one cent, 46 00:02:34,280 --> 00:02:37,160 Speaker 1: but it also adds ten seconds to the remaining time 47 00:02:37,320 --> 00:02:39,760 Speaker 1: on the ticker. Uh. It is not like an eBay 48 00:02:39,760 --> 00:02:42,239 Speaker 1: auction where the end time is the end time. The 49 00:02:42,320 --> 00:02:44,760 Speaker 1: end time continues to get reset and you continue to 50 00:02:44,760 --> 00:02:46,760 Speaker 1: plunk money down hoping that you're going to get it 51 00:02:46,760 --> 00:02:50,160 Speaker 1: discounted whatever it is item, and you almost always lose. Yeah. 52 00:02:50,160 --> 00:02:52,359 Speaker 1: I think the term that comes into play here is 53 00:02:52,440 --> 00:02:55,480 Speaker 1: sunk cost fallacy, because you think, oh, well, I've I've 54 00:02:55,520 --> 00:02:58,040 Speaker 1: put so many bids on this one item, I can't 55 00:02:58,040 --> 00:03:00,120 Speaker 1: give up now, and so you continue to bid on it. 56 00:03:00,360 --> 00:03:02,040 Speaker 1: And with deal Dash in particular, each one of those 57 00:03:02,040 --> 00:03:04,880 Speaker 1: bids cost thirteen cents, which, yeah, like you said, doesn't 58 00:03:04,880 --> 00:03:06,959 Speaker 1: seem like much money at all. But all of those 59 00:03:06,960 --> 00:03:08,920 Speaker 1: bids added up on top of the fact that you 60 00:03:08,960 --> 00:03:10,920 Speaker 1: are trying to compete with these other folks trying to 61 00:03:10,919 --> 00:03:12,720 Speaker 1: get the side and for really cheap, it is not 62 00:03:12,960 --> 00:03:15,280 Speaker 1: a good way to get a deal. Uh. And I 63 00:03:15,520 --> 00:03:17,840 Speaker 1: saw somebody once right about it. How it's a decent 64 00:03:17,880 --> 00:03:20,400 Speaker 1: form of entertainment, right, like in the same way that 65 00:03:20,440 --> 00:03:23,120 Speaker 1: going y, Like if you want to go and gamble 66 00:03:23,200 --> 00:03:24,960 Speaker 1: your money away and there's a chance that you might 67 00:03:25,000 --> 00:03:26,560 Speaker 1: get a big payoff, there's a chance you might get 68 00:03:26,560 --> 00:03:29,720 Speaker 1: a deal. But it is not like uh, deal News 69 00:03:29,800 --> 00:03:31,640 Speaker 1: or slick deals, you know, a place where you can 70 00:03:31,680 --> 00:03:33,840 Speaker 1: go where you can expect to get a good discount 71 00:03:34,000 --> 00:03:36,440 Speaker 1: on an item. Uh. It's definitely more like, yeah, it's 72 00:03:36,440 --> 00:03:39,080 Speaker 1: like a slot machine. Yeah, exactly, like the online version 73 00:03:39,080 --> 00:03:40,760 Speaker 1: of a slot machine. So it's just one of those 74 00:03:40,760 --> 00:03:42,320 Speaker 1: things where I saw that commercially other day and I 75 00:03:42,320 --> 00:03:44,920 Speaker 1: was like, I can't believe those still exist, Like I 76 00:03:44,960 --> 00:03:48,280 Speaker 1: thought those have been eradicated from the Internet, but sadly 77 00:03:48,480 --> 00:03:50,320 Speaker 1: they're not. They're not. There's still a bunch of out 78 00:03:50,320 --> 00:03:51,680 Speaker 1: there well. And the thing is too, if you look 79 00:03:51,760 --> 00:03:54,119 Speaker 1: them up, they get good reviews, Like they have nice 80 00:03:54,120 --> 00:03:57,720 Speaker 1: positive reviews on Facebook or trust Pilot, like different sites 81 00:03:57,760 --> 00:04:00,040 Speaker 1: that you would go to and check the legitimate to 82 00:04:00,120 --> 00:04:03,560 Speaker 1: see of a site or a companies. It is. It's 83 00:04:03,600 --> 00:04:06,560 Speaker 1: incredibly surprising because ultimately what they're doing, it's not illegal. 84 00:04:06,960 --> 00:04:10,200 Speaker 1: It's just kind of like a misrepresentation of what it is, 85 00:04:10,360 --> 00:04:12,040 Speaker 1: right because, like we said, you go there, you're expecting 86 00:04:12,040 --> 00:04:13,960 Speaker 1: a deal, but in the end you're not walking away 87 00:04:14,040 --> 00:04:17,080 Speaker 1: oftentimes with the deal. Uh. And if you are getting 88 00:04:17,120 --> 00:04:19,200 Speaker 1: a deal, that meant that there is like a whole 89 00:04:19,360 --> 00:04:22,279 Speaker 1: wine of people behind you that fail to get a deal. 90 00:04:22,520 --> 00:04:24,359 Speaker 1: Oftentimes you are spending a lot of money for the 91 00:04:24,360 --> 00:04:28,160 Speaker 1: opportunity to perhaps buy the item. It's like being not guaranteed. 92 00:04:28,160 --> 00:04:29,880 Speaker 1: It's like being the eighth friend in your friend group 93 00:04:29,920 --> 00:04:34,120 Speaker 1: to start selling Lula ro leggings. That's basically the position 94 00:04:34,160 --> 00:04:36,320 Speaker 1: you're put in, Like, oh man, what do you participate 95 00:04:36,360 --> 00:04:39,760 Speaker 1: in any penny bid websites? But Matt, let's I gotta 96 00:04:39,760 --> 00:04:42,919 Speaker 1: find some new friend. Let's move on. Let's mention the 97 00:04:42,920 --> 00:04:44,960 Speaker 1: beer that we're having on the show today. This one 98 00:04:45,120 --> 00:04:48,800 Speaker 1: is called rind Over Matter. It's why Bell's Brewing and Chris, 99 00:04:48,800 --> 00:04:51,880 Speaker 1: who works for Bells, dropped these off for us. So Chris, 100 00:04:51,920 --> 00:04:54,160 Speaker 1: we appreciate it. Looking forward to giving our thoughts on 101 00:04:54,200 --> 00:04:56,360 Speaker 1: this at the end of the episode. But for now, 102 00:04:56,440 --> 00:04:58,280 Speaker 1: let's move on. Let's get to the topic at hand. 103 00:04:58,520 --> 00:05:01,400 Speaker 1: To d I y or to are someone for the job. 104 00:05:01,880 --> 00:05:04,760 Speaker 1: I can almost hear Hamlet saying it in his to 105 00:05:04,920 --> 00:05:08,640 Speaker 1: be or not to be? And you're getting a little theatrical. 106 00:05:09,720 --> 00:05:12,160 Speaker 1: I never did any stage play. Did you ever know 107 00:05:12,400 --> 00:05:15,520 Speaker 1: a kid? I did? We have a place in Atlanta 108 00:05:15,560 --> 00:05:18,479 Speaker 1: called the Shakespeare Tavern. I love going there, although since 109 00:05:18,640 --> 00:05:20,600 Speaker 1: I probably haven't been in like three years, but it's 110 00:05:20,640 --> 00:05:23,880 Speaker 1: a delightful place to see a show. Um. But yeah, 111 00:05:23,880 --> 00:05:27,600 Speaker 1: this question of hiring someone to do the job for 112 00:05:27,680 --> 00:05:30,360 Speaker 1: you or doing it yourself, it's not not nearly as 113 00:05:30,480 --> 00:05:34,320 Speaker 1: existential as the question that Hamlet poses, and which is 114 00:05:34,360 --> 00:05:37,920 Speaker 1: just like brilliant writing right there. But it's it's a 115 00:05:37,960 --> 00:05:41,200 Speaker 1: Shakespeare I believe was the who penned it to the 116 00:05:41,240 --> 00:05:43,520 Speaker 1: Bart he's a smart guy. But it's it's one that 117 00:05:43,560 --> 00:05:46,479 Speaker 1: we all increasingly find ourselves asking. Right. There's apps and 118 00:05:46,520 --> 00:05:49,520 Speaker 1: websites that offer to make our lives more and more 119 00:05:49,600 --> 00:05:53,320 Speaker 1: convenient for a price, of course, And there's no need 120 00:05:53,520 --> 00:05:56,359 Speaker 1: to scour the yellow pages like in the days of old. 121 00:05:56,720 --> 00:05:58,560 Speaker 1: You just open the app, you find the highest rated 122 00:05:58,600 --> 00:06:00,520 Speaker 1: person at the rate you're willing to pay, and you 123 00:06:00,640 --> 00:06:03,039 Speaker 1: hire them immediately. And Matt, you and I were not 124 00:06:03,120 --> 00:06:06,560 Speaker 1: against paying for convenience. We believe that time is more 125 00:06:06,640 --> 00:06:09,440 Speaker 1: valuable than money, right, Yeah, we would say that, but 126 00:06:10,040 --> 00:06:13,920 Speaker 1: these conveniences can also act like a vortex sucking away 127 00:06:13,960 --> 00:06:17,279 Speaker 1: are valuable dollars which took time to earn. So we 128 00:06:17,360 --> 00:06:19,440 Speaker 1: kind of talk about how to deal with this conundrum today. Matt, 129 00:06:19,520 --> 00:06:21,000 Speaker 1: that's right, and so of course you want to make 130 00:06:21,040 --> 00:06:23,719 Speaker 1: sure that you're doing things right, which is why we 131 00:06:23,760 --> 00:06:25,720 Speaker 1: often will revert to hiring your pro but it also 132 00:06:25,839 --> 00:06:28,839 Speaker 1: it can get expensive if you're constantly paying for professional help, 133 00:06:29,160 --> 00:06:31,120 Speaker 1: like if you're going to hire a doctor or just 134 00:06:31,279 --> 00:06:33,960 Speaker 1: you know, going to the doctor, uh to diagnose the 135 00:06:34,040 --> 00:06:37,719 Speaker 1: mysterious illness, like that makes complete sense. But hiring someone 136 00:06:37,839 --> 00:06:40,200 Speaker 1: maybe to mow your lawn or to clean your house, 137 00:06:40,520 --> 00:06:43,440 Speaker 1: like these are are more of activities and chores that 138 00:06:43,440 --> 00:06:45,599 Speaker 1: are kind of in a gray zone because if you're 139 00:06:45,680 --> 00:06:47,960 Speaker 1: able bodied, like those are things that you could easily 140 00:06:48,000 --> 00:06:50,720 Speaker 1: do yourself. And so in this episode, we want to 141 00:06:50,800 --> 00:06:54,640 Speaker 1: establish a helpful framework for making these decisions. And there 142 00:06:54,640 --> 00:06:56,960 Speaker 1: are good folks who with different income levels and different 143 00:06:57,000 --> 00:07:01,559 Speaker 1: goals and expenditures who will likely differ on which route 144 00:07:01,600 --> 00:07:03,520 Speaker 1: that they take when it comes to the different d 145 00:07:03,600 --> 00:07:05,960 Speaker 1: I Y versus the outsourcing questions you know that pop 146 00:07:06,040 --> 00:07:08,680 Speaker 1: up in their lives. There is no silver bullet right answer, 147 00:07:09,040 --> 00:07:10,880 Speaker 1: but there are ways that we can think through the 148 00:07:10,960 --> 00:07:12,760 Speaker 1: questions in order to make sure that we come to 149 00:07:12,800 --> 00:07:16,480 Speaker 1: a consistently better decisions for ourselves and our our own 150 00:07:16,520 --> 00:07:21,040 Speaker 1: personal finance situations. Most definitely, research shows that people who 151 00:07:21,080 --> 00:07:24,680 Speaker 1: prioritize time over money are actually happier at the end 152 00:07:24,680 --> 00:07:27,800 Speaker 1: of the day. There was a Harvard professor, Ashley Willens, 153 00:07:27,840 --> 00:07:30,280 Speaker 1: who did some research and she found that hiring out 154 00:07:30,360 --> 00:07:34,160 Speaker 1: small tasks like home cleaning can actually provide real value 155 00:07:34,160 --> 00:07:35,440 Speaker 1: for a lot of folks. So we don't want to 156 00:07:35,760 --> 00:07:39,880 Speaker 1: dismiss that altogether, and it actually increases levels of happiness, 157 00:07:40,480 --> 00:07:42,600 Speaker 1: and that's that's more support for the fact that time 158 00:07:42,640 --> 00:07:44,640 Speaker 1: is more valuable than money. Like I think for folks 159 00:07:44,640 --> 00:07:46,640 Speaker 1: who may not have a whole lot of money, they're thinking, no, 160 00:07:47,520 --> 00:07:50,640 Speaker 1: money is more valuable than the time right now. But ultimately, 161 00:07:50,680 --> 00:07:52,480 Speaker 1: I mean, the main argument behind this is the fact 162 00:07:52,520 --> 00:07:55,960 Speaker 1: that we all have a very finite amount of time 163 00:07:56,000 --> 00:07:58,800 Speaker 1: here on this earth, whereas money there it's it's very 164 00:07:58,800 --> 00:08:01,920 Speaker 1: open ended. There's an infinite, almost infinite amount of money 165 00:08:01,920 --> 00:08:04,640 Speaker 1: that you could make potentially, whereas we know that we're 166 00:08:04,640 --> 00:08:08,600 Speaker 1: not gonna live forever exactly, but that doesn't mean, right 167 00:08:08,640 --> 00:08:11,040 Speaker 1: that we should all bring a cleaning crew in our 168 00:08:11,040 --> 00:08:12,920 Speaker 1: house to scrub the base sports every week and to 169 00:08:13,360 --> 00:08:16,360 Speaker 1: tidy up after us and just live a slovenly life 170 00:08:16,400 --> 00:08:18,880 Speaker 1: and and have the maid on duty at all hours 171 00:08:18,880 --> 00:08:21,240 Speaker 1: of the day while also being completely broken. Right, Right, 172 00:08:21,440 --> 00:08:24,240 Speaker 1: It's important to remember how high the price of convenience 173 00:08:24,520 --> 00:08:27,880 Speaker 1: can become. And that's really on multiple levels. I'm not 174 00:08:27,920 --> 00:08:31,440 Speaker 1: talking just monetarily. Convenience spending tends to be get more 175 00:08:31,480 --> 00:08:35,960 Speaker 1: convenient spending the more we become accustomed to something, the 176 00:08:36,000 --> 00:08:38,560 Speaker 1: more we tend to gravitate in that direction. You start 177 00:08:38,600 --> 00:08:40,320 Speaker 1: doing it in one area, and it's just easy to 178 00:08:40,360 --> 00:08:42,600 Speaker 1: let it bleed into other areas of your life. Like, 179 00:08:42,880 --> 00:08:44,800 Speaker 1: let's come back to that house cleaning example. Did you 180 00:08:44,880 --> 00:08:47,840 Speaker 1: hire someone to start cleaning your house on a regular basis? 181 00:08:48,040 --> 00:08:50,160 Speaker 1: Now it's probably gotten just a little bit easier to 182 00:08:50,240 --> 00:08:53,520 Speaker 1: hire out that grocery delivery service, and so there can 183 00:08:53,520 --> 00:08:56,160 Speaker 1: be kind of this domino effect when it comes to convenience, 184 00:08:56,160 --> 00:08:58,520 Speaker 1: and at some point the bleeding has to stop, right, Yeah, 185 00:08:58,559 --> 00:09:01,040 Speaker 1: it's a slippery slope once you start to go down 186 00:09:01,120 --> 00:09:03,600 Speaker 1: this path of hiring out for convenience and paying for 187 00:09:03,640 --> 00:09:05,840 Speaker 1: things to be done for you. But it's also important 188 00:09:05,840 --> 00:09:08,920 Speaker 1: to to keep in mind that the actual costs of 189 00:09:09,480 --> 00:09:12,000 Speaker 1: goods themselves are going to go up when you prioritize 190 00:09:12,000 --> 00:09:14,920 Speaker 1: convenience as well. So Joel, going with that grocery delivery 191 00:09:14,960 --> 00:09:17,240 Speaker 1: example you just gave, you're gonna be paying more for 192 00:09:17,400 --> 00:09:20,520 Speaker 1: the groceries. You know, your pairs and your potatoes if 193 00:09:20,559 --> 00:09:22,760 Speaker 1: you choose to have those delivered instead of picking the 194 00:09:22,760 --> 00:09:25,560 Speaker 1: Mountain person yourself. And so that's on top of the 195 00:09:25,600 --> 00:09:28,160 Speaker 1: delivery fees that you're also going to be paying. And 196 00:09:28,200 --> 00:09:30,600 Speaker 1: so with that in mind, your grocery bill could come 197 00:09:30,640 --> 00:09:33,360 Speaker 1: close to doubling if you opt to take the convenient route. 198 00:09:33,559 --> 00:09:36,240 Speaker 1: It's important to go into that convenience upgrade in your 199 00:09:36,280 --> 00:09:39,000 Speaker 1: life with your eyes wide open. But just because it 200 00:09:39,000 --> 00:09:41,359 Speaker 1: costs more, it doesn't mean that this is an inherently 201 00:09:41,360 --> 00:09:44,320 Speaker 1: a bad decision. But coming to grips with what you 202 00:09:44,400 --> 00:09:47,320 Speaker 1: are paying for that added convenience is going to be crucial. 203 00:09:47,720 --> 00:09:49,760 Speaker 1: You just don't want to trick yourself into thinking that 204 00:09:50,200 --> 00:09:52,120 Speaker 1: this is a good investment because I'm getting time back. 205 00:09:52,920 --> 00:09:55,439 Speaker 1: Don't bring the eye word and you know, I know 206 00:09:55,720 --> 00:09:58,680 Speaker 1: my mom always like she she I've given her grief 207 00:09:58,720 --> 00:10:00,840 Speaker 1: away too many times about using the eye word, calling 208 00:10:00,840 --> 00:10:03,600 Speaker 1: something an investment that's actually just a consumer purchase. You 209 00:10:03,600 --> 00:10:05,200 Speaker 1: are consuming that, And she'll say it, and then she'll 210 00:10:05,200 --> 00:10:06,600 Speaker 1: correct ourselves and she'll be like, I know, I know 211 00:10:06,640 --> 00:10:10,280 Speaker 1: what you're gonna say. Don't say it, sorry, Mom, But yeah, 212 00:10:10,360 --> 00:10:12,760 Speaker 1: let's let's discuss the framework that we think is most 213 00:10:12,760 --> 00:10:15,800 Speaker 1: helpful when you're deciding whether or not to d I, 214 00:10:15,960 --> 00:10:18,960 Speaker 1: Y or hire something. And we think that if you're 215 00:10:19,200 --> 00:10:22,920 Speaker 1: too frugality minded, you're gonna end up wasting your time 216 00:10:23,120 --> 00:10:26,640 Speaker 1: in order to try to pinch every single penny. You'll 217 00:10:26,840 --> 00:10:29,040 Speaker 1: probably find that you'd be better off and that your 218 00:10:29,080 --> 00:10:31,640 Speaker 1: life would be a little bit happier if you would 219 00:10:31,640 --> 00:10:33,880 Speaker 1: just loosen the purse strings a little bit more and 220 00:10:33,920 --> 00:10:37,920 Speaker 1: pay for a convenience and and outsource something hire a 221 00:10:37,960 --> 00:10:41,320 Speaker 1: pro a little more often. You might even have more 222 00:10:41,400 --> 00:10:44,440 Speaker 1: time to dedicate to building your business or starting a 223 00:10:44,440 --> 00:10:50,280 Speaker 1: passion project that could eventually significantly increase your income. But 224 00:10:50,800 --> 00:10:53,240 Speaker 1: on the flip side, if you outsource too many things 225 00:10:53,280 --> 00:10:55,520 Speaker 1: to the pros, if you do take that slippery slope 226 00:10:55,640 --> 00:10:57,880 Speaker 1: that we just talked about. It could cramp your budget 227 00:10:57,920 --> 00:11:00,520 Speaker 1: in a big way. You might find that you're not 228 00:11:00,559 --> 00:11:02,560 Speaker 1: able to save or invest as much as you like. 229 00:11:02,920 --> 00:11:05,360 Speaker 1: You might even find that you are going into debt 230 00:11:05,720 --> 00:11:09,560 Speaker 1: in order to fund the hiring of these pros when 231 00:11:09,760 --> 00:11:12,600 Speaker 1: you could be doing some of these things yourself. So 232 00:11:12,720 --> 00:11:16,040 Speaker 1: for us, it's that frugal versus spendthrift. That's the framework 233 00:11:16,080 --> 00:11:19,000 Speaker 1: we're going to use in this episode to discuss when 234 00:11:19,040 --> 00:11:21,840 Speaker 1: it makes sense and when it doesn't. Hire that task out. Yes, 235 00:11:21,920 --> 00:11:24,200 Speaker 1: So being frugal versus spendthrift and kind of finding that 236 00:11:24,240 --> 00:11:26,440 Speaker 1: middle ground is what will be you know, keep coming 237 00:11:26,440 --> 00:11:28,880 Speaker 1: back to in this episode. It makes me think of 238 00:11:28,880 --> 00:11:31,240 Speaker 1: two When I was starting out as a landlord, I 239 00:11:31,280 --> 00:11:35,240 Speaker 1: certainly was attempting to do everything myself. Uh, And I 240 00:11:35,320 --> 00:11:38,480 Speaker 1: was spending a lot of time fixing things. I learned 241 00:11:38,480 --> 00:11:40,280 Speaker 1: a lot during that period of life. Uh, And I'm 242 00:11:40,320 --> 00:11:41,880 Speaker 1: glad I did it for that that period of time. 243 00:11:42,040 --> 00:11:44,560 Speaker 1: But now I hire out almost everything. When it comes 244 00:11:44,559 --> 00:11:47,000 Speaker 1: to the different properties. For me to to spend time 245 00:11:47,160 --> 00:11:50,120 Speaker 1: just diagnosing and repairing every single problem that's going to 246 00:11:50,240 --> 00:11:52,640 Speaker 1: rise to the surface on these different rental properties around 247 00:11:52,640 --> 00:11:55,680 Speaker 1: town is gonna mean losing out in other important areas 248 00:11:55,720 --> 00:11:57,920 Speaker 1: of my life. There's things that are more important at 249 00:11:57,920 --> 00:11:59,640 Speaker 1: this point in time, right like building this business, doing 250 00:11:59,640 --> 00:12:01,959 Speaker 1: stuff with the family, personal goals. These are all things 251 00:12:01,960 --> 00:12:03,840 Speaker 1: that are important that we all have to keep in 252 00:12:03,920 --> 00:12:06,400 Speaker 1: mind as we're trying to find that balance ourselves. Uh. 253 00:12:06,440 --> 00:12:08,000 Speaker 1: And just at this point to in my life, I'm 254 00:12:08,000 --> 00:12:10,360 Speaker 1: just in a different life phase. Uh. And if I 255 00:12:10,400 --> 00:12:13,240 Speaker 1: were to maybe be too frugal, this would actually keep 256 00:12:13,240 --> 00:12:15,720 Speaker 1: me from accomplishing some of those other goals. And so 257 00:12:15,880 --> 00:12:17,520 Speaker 1: that's what we want to encourage you to keep in 258 00:12:17,559 --> 00:12:20,160 Speaker 1: mind as you're trying to decide whether you're gonna d 259 00:12:20,240 --> 00:12:22,960 Speaker 1: I Y something or whether you're gonna hire a professional. Yeah, Mat, 260 00:12:23,040 --> 00:12:25,800 Speaker 1: I've definitely encountered, especially in the business we're in. The 261 00:12:25,840 --> 00:12:28,040 Speaker 1: people we hang out with a lot of money nerds 262 00:12:28,520 --> 00:12:30,400 Speaker 1: people run the spectrum, but there are a lot of 263 00:12:30,440 --> 00:12:33,400 Speaker 1: super frugal people in our community. And I appreciate it 264 00:12:33,440 --> 00:12:37,040 Speaker 1: because at heart, I'm a very frugal person. But sometimes 265 00:12:37,040 --> 00:12:39,080 Speaker 1: that frugality, like I've heard people talk about, I don't 266 00:12:39,080 --> 00:12:41,000 Speaker 1: know if I want to pay to go to that conference. Uh, 267 00:12:41,040 --> 00:12:43,120 Speaker 1: it's gonna be a few hundred dollars to pay for 268 00:12:43,120 --> 00:12:44,920 Speaker 1: the conference, a few hundred dollars for the hotel, a 269 00:12:44,920 --> 00:12:46,679 Speaker 1: few hundred dollars to the flight. You're talking a thousand 270 00:12:46,720 --> 00:12:48,520 Speaker 1: dollars at the end of the day. But I guess 271 00:12:48,559 --> 00:12:49,880 Speaker 1: the question I want to ask a lot of those 272 00:12:49,880 --> 00:12:52,360 Speaker 1: people is, couldn't you easily get a thousand dollars of 273 00:12:52,440 --> 00:12:54,480 Speaker 1: value out of that conference? Like what are you going 274 00:12:54,520 --> 00:12:57,119 Speaker 1: there for? What are you trying to achieve? And so similarly, 275 00:12:57,679 --> 00:12:59,839 Speaker 1: you don't want to be too frugal and avoid a 276 00:13:00,000 --> 00:13:03,680 Speaker 1: big opportunity because it's gonna cost you some money. Um, 277 00:13:03,720 --> 00:13:06,120 Speaker 1: And so yeah, we'll get to more about how you 278 00:13:06,160 --> 00:13:09,760 Speaker 1: make a decision between doing it yourself or hiring someone 279 00:13:09,800 --> 00:13:12,240 Speaker 1: else to do that task for you, how you actually 280 00:13:12,280 --> 00:13:14,960 Speaker 1: come to that determination. We'll discuss more after this break. 281 00:13:23,440 --> 00:13:25,079 Speaker 1: All right, gentle, we're back for the break, and so 282 00:13:25,200 --> 00:13:26,760 Speaker 1: let's go ahead and talk about the different ways to 283 00:13:26,840 --> 00:13:29,199 Speaker 1: determine whether you should hire someone or stick to the 284 00:13:29,320 --> 00:13:32,040 Speaker 1: d I y route. And before we get like super 285 00:13:32,120 --> 00:13:34,000 Speaker 1: nuts and bolty with it, you're gonna say, lick your fingers, 286 00:13:34,000 --> 00:13:35,600 Speaker 1: stick it in the air, see which way the winds blowing, 287 00:13:35,640 --> 00:13:40,000 Speaker 1: and then trust your guts, leaving a chance. What is 288 00:13:40,040 --> 00:13:42,560 Speaker 1: dinner from last night telling you, like in your dreams 289 00:13:42,600 --> 00:13:44,840 Speaker 1: what you should be doing. Uh. No, Like we are 290 00:13:44,840 --> 00:13:46,560 Speaker 1: going to get get more practical with it. But one 291 00:13:46,600 --> 00:13:48,480 Speaker 1: of the things I think it's worth mentioning is to 292 00:13:48,640 --> 00:13:51,880 Speaker 1: keep in mind that paying for convenience it can cost 293 00:13:51,960 --> 00:13:54,600 Speaker 1: us more than just money, right, more than just dollars. 294 00:13:54,800 --> 00:13:56,400 Speaker 1: Let's kind of take a step back here for a second. 295 00:13:56,440 --> 00:13:59,959 Speaker 1: Our modern society, it's just built in so many ways 296 00:14:00,000 --> 00:14:04,480 Speaker 1: around the idea of convenience and specialization as well. For instance, 297 00:14:04,520 --> 00:14:07,760 Speaker 1: most of us don't grow or kill all of our 298 00:14:07,760 --> 00:14:10,120 Speaker 1: own food. There's a level of convenience that we have 299 00:14:10,160 --> 00:14:13,160 Speaker 1: inherited where there's a pretty small number of farmers who 300 00:14:13,240 --> 00:14:15,160 Speaker 1: grow food for us, and then they ship it off 301 00:14:15,160 --> 00:14:16,720 Speaker 1: to the grocery stores and we go there and we 302 00:14:16,760 --> 00:14:20,520 Speaker 1: purchase it with our money. It's easier to do this, Yes, 303 00:14:20,600 --> 00:14:22,160 Speaker 1: and like this is a good thing because it's a 304 00:14:22,200 --> 00:14:25,760 Speaker 1: lot easier, uh, And it's way more efficient versus us 305 00:14:25,880 --> 00:14:29,200 Speaker 1: making our own food, our own clothing, our own homes. 306 00:14:29,880 --> 00:14:32,560 Speaker 1: But I often think if I had to live back 307 00:14:32,600 --> 00:14:35,800 Speaker 1: in the day, I would not have survived. I'm pretty 308 00:14:35,800 --> 00:14:38,880 Speaker 1: sure I wouldn't. Like, they didn't have podcasting back then, 309 00:14:39,040 --> 00:14:40,880 Speaker 1: so but you would have found something you you would 310 00:14:40,880 --> 00:14:43,720 Speaker 1: have been good at. Maybe. I mean so, I wanted 311 00:14:43,720 --> 00:14:45,800 Speaker 1: to mention that because I feel like we've taken convenience 312 00:14:45,840 --> 00:14:49,400 Speaker 1: just beyond the realm of just specialization, because the most 313 00:14:49,400 --> 00:14:51,440 Speaker 1: convenient things are often just worse for us in many 314 00:14:51,440 --> 00:14:54,200 Speaker 1: other ways. I think that they can often make us lazier, 315 00:14:54,560 --> 00:14:56,400 Speaker 1: you know, or at least like more unhealthy. And like, 316 00:14:56,440 --> 00:14:59,600 Speaker 1: for instance, like I think about fast food, it's obviously 317 00:15:00,000 --> 00:15:02,560 Speaker 1: gonna be worse for you than like most any meal 318 00:15:02,640 --> 00:15:04,760 Speaker 1: that you would cook for yourself at home. Uh, And 319 00:15:04,760 --> 00:15:07,680 Speaker 1: so just think about the other side effects of prioritizing 320 00:15:07,840 --> 00:15:10,640 Speaker 1: too much convenience. Were making the argument that it can 321 00:15:10,840 --> 00:15:14,560 Speaker 1: you know, atrophy useful skills that we know, were you 322 00:15:14,600 --> 00:15:16,680 Speaker 1: to push through the pain, that that would help you 323 00:15:16,760 --> 00:15:19,120 Speaker 1: to hone. You know, these are skills that make us 324 00:15:19,600 --> 00:15:23,560 Speaker 1: just engaged and more well rounded individuals and citizens. And 325 00:15:23,600 --> 00:15:25,080 Speaker 1: I know that's definitely what I'm looking for more of 326 00:15:25,160 --> 00:15:28,280 Speaker 1: in my own life. All Right, it's homemade McRib sandwiches 327 00:15:28,280 --> 00:15:30,360 Speaker 1: from my family's night then Matthew, we're not going out 328 00:15:30,400 --> 00:15:32,600 Speaker 1: for him. But yeah, I think you make a good point. 329 00:15:32,760 --> 00:15:35,600 Speaker 1: I think inconvenience can actually be good for us in 330 00:15:35,680 --> 00:15:39,840 Speaker 1: so many situations in life. And yeah, I think you 331 00:15:39,880 --> 00:15:41,680 Speaker 1: can take that to the extreme and you could say, 332 00:15:41,840 --> 00:15:45,440 Speaker 1: I'm gonna go purposely getting a traffic jam because inconvenience 333 00:15:45,520 --> 00:15:49,400 Speaker 1: is good. But no, that's not what we're saying, No exactly, 334 00:15:49,680 --> 00:15:52,000 Speaker 1: But yeah, there's this sweet spot when it comes to 335 00:15:52,000 --> 00:15:55,360 Speaker 1: paying for conveniences in our lives, and if you let 336 00:15:55,400 --> 00:15:58,000 Speaker 1: that pendulum swing too far to one side or the other, 337 00:15:58,360 --> 00:16:00,920 Speaker 1: it's likely to have those other negative of side effects. 338 00:16:00,960 --> 00:16:04,200 Speaker 1: And yeah, that's why we're fans of getting on our bikes, 339 00:16:04,240 --> 00:16:07,600 Speaker 1: let's say, for short and medium rides in particular. Sometimes 340 00:16:07,640 --> 00:16:10,560 Speaker 1: we get there just as fast, but not always, and 341 00:16:10,840 --> 00:16:13,320 Speaker 1: it takes a bit more planning, especially as the weather 342 00:16:13,400 --> 00:16:15,160 Speaker 1: is getting colder and I gotta put on my gloves, 343 00:16:15,160 --> 00:16:18,160 Speaker 1: like I gotta, I gotta gear up before those rides, 344 00:16:18,520 --> 00:16:23,040 Speaker 1: uh these days. But those inconveniences, when they're embraced, actually 345 00:16:23,080 --> 00:16:26,239 Speaker 1: become beneficial for me from health and a lifestyle perspective, 346 00:16:26,600 --> 00:16:29,040 Speaker 1: even though I lose a few minutes here and there. 347 00:16:29,120 --> 00:16:30,920 Speaker 1: So yeah, we would say, look at the trade offs 348 00:16:30,920 --> 00:16:34,320 Speaker 1: you're making when you opt for convenience over the more 349 00:16:34,360 --> 00:16:37,600 Speaker 1: inconvenient choice, because some of those things that you're gonna 350 00:16:37,640 --> 00:16:40,600 Speaker 1: be missing. They're not worth it's not worth giving those up. Yeah, 351 00:16:40,600 --> 00:16:42,520 Speaker 1: I mean especially, I mean I feel like health is 352 00:16:42,560 --> 00:16:45,320 Speaker 1: one that you could eventually quantify, like twenty thirty years 353 00:16:45,360 --> 00:16:46,840 Speaker 1: down the road. But your health is just one of 354 00:16:46,840 --> 00:16:49,240 Speaker 1: those things where there are it's the accumulation of tiny 355 00:16:49,240 --> 00:16:51,800 Speaker 1: little decisions all along the way that lead to a 356 00:16:51,800 --> 00:16:54,600 Speaker 1: healthier outcome. If you can't say that this action leads 357 00:16:54,640 --> 00:16:57,120 Speaker 1: to this outcome, it's something that it's just a little 358 00:16:57,120 --> 00:17:00,760 Speaker 1: more ambiguous, even though there are certainly direct, hard costs 359 00:17:00,800 --> 00:17:03,040 Speaker 1: down the road when it comes to our health. Yeah, 360 00:17:03,080 --> 00:17:05,240 Speaker 1: I saw a stat recently, Matt that I think more 361 00:17:05,280 --> 00:17:07,639 Speaker 1: people smoked for the first time in twenty years, like 362 00:17:07,680 --> 00:17:10,320 Speaker 1: the uptick. There was an uptick in the amount of 363 00:17:10,320 --> 00:17:14,200 Speaker 1: people smoking cigarettes. And when you think about it, one cigarette, 364 00:17:14,280 --> 00:17:16,479 Speaker 1: it's probably not a big deal, but it's that one 365 00:17:16,560 --> 00:17:21,920 Speaker 1: cigarette every day or five cigarettes every day, the accumulation activity. 366 00:17:21,960 --> 00:17:23,400 Speaker 1: And it's the same thing with that one bike gride. 367 00:17:23,400 --> 00:17:24,720 Speaker 1: It's like, well, one bike ride is not gonna make 368 00:17:24,720 --> 00:17:26,800 Speaker 1: a big difference, but it's at one bike ride, all 369 00:17:26,800 --> 00:17:28,800 Speaker 1: those bike rides added up is going to make a 370 00:17:28,800 --> 00:17:31,760 Speaker 1: massive difference. Yeah, And so there are some of these intangibles, 371 00:17:31,840 --> 00:17:34,760 Speaker 1: and for you, it's gonna vary because there are different 372 00:17:34,760 --> 00:17:37,000 Speaker 1: things that we all get out of certain activities. Like 373 00:17:37,040 --> 00:17:39,879 Speaker 1: I even think about certain kind of mindless, you know, 374 00:17:39,960 --> 00:17:42,679 Speaker 1: drone like activities that you might be like, oh, I 375 00:17:42,760 --> 00:17:44,680 Speaker 1: am too good for that, Like I need to put 376 00:17:44,680 --> 00:17:46,200 Speaker 1: my mind to use, I need to put my body 377 00:17:46,200 --> 00:17:48,280 Speaker 1: to use doing other things. But like even just think 378 00:17:48,320 --> 00:17:50,000 Speaker 1: about the fact that there are things that we can 379 00:17:50,040 --> 00:17:54,639 Speaker 1: do that allows us to decompress where our minds aren't engaged. 380 00:17:55,000 --> 00:17:57,520 Speaker 1: And oh, it turns out that leads to maybe being 381 00:17:57,520 --> 00:17:59,520 Speaker 1: able to get a better night's sleep because you've had 382 00:17:59,560 --> 00:18:01,240 Speaker 1: a period of time where you were able to reflect 383 00:18:01,280 --> 00:18:03,480 Speaker 1: on the day. There are different things that are built 384 00:18:03,480 --> 00:18:05,480 Speaker 1: into some of the different types of work that we 385 00:18:05,560 --> 00:18:08,680 Speaker 1: do that aren't directly correlated to money, and so we 386 00:18:08,680 --> 00:18:10,159 Speaker 1: want you to keep those things in mind. Get a 387 00:18:10,200 --> 00:18:12,040 Speaker 1: chance to think more deeply about something as supposed to 388 00:18:12,119 --> 00:18:16,320 Speaker 1: just shallow Twitter style thoughts exactly. Uh okay, So that's 389 00:18:16,359 --> 00:18:19,600 Speaker 1: more like a more philosophical way of approaching how to decide, 390 00:18:19,800 --> 00:18:21,520 Speaker 1: you know, if you're gonna pay somebody to to take 391 00:18:21,560 --> 00:18:23,320 Speaker 1: care of something for you. But let's kind of get 392 00:18:23,359 --> 00:18:25,399 Speaker 1: a little more practical with it, and we want you 393 00:18:25,440 --> 00:18:28,440 Speaker 1: to count the cost, like the upfront costs associated with 394 00:18:28,600 --> 00:18:32,040 Speaker 1: whatever it is that you're looking to spend on services. 395 00:18:32,080 --> 00:18:34,919 Speaker 1: In particular, it's not just the sixty dollars every two 396 00:18:34,960 --> 00:18:37,639 Speaker 1: weeks for that long service. Instead, we want you to 397 00:18:37,680 --> 00:18:40,760 Speaker 1: run the numbers and confront the true recurring costs of 398 00:18:40,800 --> 00:18:43,280 Speaker 1: this decision. And so if you do the math on that, like, 399 00:18:43,320 --> 00:18:46,920 Speaker 1: over the next five years, this quote unquote convenience, that's 400 00:18:46,920 --> 00:18:49,879 Speaker 1: gonna cost you about seven thousand dollars, Whereas you know, 401 00:18:50,000 --> 00:18:52,080 Speaker 1: were you to mow it yourself, like that is going 402 00:18:52,160 --> 00:18:53,440 Speaker 1: to cost you some time and a little bit of 403 00:18:53,480 --> 00:18:55,840 Speaker 1: money for a mower and some maybe some gas. And 404 00:18:55,840 --> 00:18:58,920 Speaker 1: so let's call it. That's still a ton of money. 405 00:18:59,000 --> 00:19:02,199 Speaker 1: That's the cost of a nice used car, that's the 406 00:19:02,200 --> 00:19:04,679 Speaker 1: cost of a of a really nice vacation. And plus 407 00:19:04,680 --> 00:19:06,680 Speaker 1: if you invested that money instead, it would be growing 408 00:19:06,680 --> 00:19:08,880 Speaker 1: on your behalf, uh and you would see it grow 409 00:19:09,000 --> 00:19:12,480 Speaker 1: to even larger amounts. And so it's worth asking, is 410 00:19:12,680 --> 00:19:14,480 Speaker 1: you know, not having to mow your own lawn, is 411 00:19:14,520 --> 00:19:17,199 Speaker 1: that going to be worth thousands of dollars? Well, it 412 00:19:17,280 --> 00:19:19,600 Speaker 1: just depends. I can't answer that for you like it 413 00:19:19,680 --> 00:19:22,040 Speaker 1: might be, but it may not be worth it for you. 414 00:19:22,280 --> 00:19:25,160 Speaker 1: But at least do yourself the favor of just starting 415 00:19:25,200 --> 00:19:27,720 Speaker 1: down some you know, with some realistic numbers of what 416 00:19:27,760 --> 00:19:30,760 Speaker 1: this choice is actually going to be costing you over time. Yeah, 417 00:19:30,760 --> 00:19:33,440 Speaker 1: you want to face those numbers head on, because if 418 00:19:33,440 --> 00:19:36,919 Speaker 1: you don't, you're you're likely to leak money like a 419 00:19:36,920 --> 00:19:41,119 Speaker 1: sieve in the name of convenience when maybe it's not 420 00:19:41,160 --> 00:19:43,040 Speaker 1: actually worth it to you. And that there are times 421 00:19:43,040 --> 00:19:45,480 Speaker 1: in my life that I would have never even dreamed 422 00:19:45,520 --> 00:19:48,240 Speaker 1: of paying someone to mow my lawn. It seemed idotic. 423 00:19:48,280 --> 00:19:50,040 Speaker 1: I was like, who does that? Who are these people 424 00:19:50,320 --> 00:19:52,720 Speaker 1: that pay? But that that was like before kids, my 425 00:19:52,800 --> 00:19:54,640 Speaker 1: life looked a lot different. I had a lot more 426 00:19:54,680 --> 00:19:56,719 Speaker 1: time on my hand, and I didn't mind getting out 427 00:19:56,760 --> 00:19:58,719 Speaker 1: there in the yard as much. Back then, you're saying, 428 00:19:59,320 --> 00:20:04,159 Speaker 1: is time worth more than exactly exactly? But while I 429 00:20:04,240 --> 00:20:06,800 Speaker 1: still do like to cut my grass, there are times 430 00:20:06,800 --> 00:20:08,720 Speaker 1: that I have someone else do it if I've got 431 00:20:08,720 --> 00:20:11,000 Speaker 1: too much going on in my life or and it's 432 00:20:11,000 --> 00:20:12,760 Speaker 1: not even doesn't have to be anything like super important. 433 00:20:12,800 --> 00:20:15,080 Speaker 1: Sometimes it's just like, you know what, Saturday, We're gonna 434 00:20:15,080 --> 00:20:16,920 Speaker 1: do a full on family day we're going for a hiking, 435 00:20:17,119 --> 00:20:19,760 Speaker 1: which is super important, really needs to be mode, and 436 00:20:20,040 --> 00:20:21,919 Speaker 1: I'm just not going to do it this week. I 437 00:20:21,960 --> 00:20:23,959 Speaker 1: still like to make d I y ing it like 438 00:20:24,040 --> 00:20:26,800 Speaker 1: my my number one default, but I'm willing to be 439 00:20:26,840 --> 00:20:29,280 Speaker 1: flexible based on kind of what's happening in my life 440 00:20:29,600 --> 00:20:32,280 Speaker 1: at the moment. And so, yeah, even though it's helpful 441 00:20:32,320 --> 00:20:36,240 Speaker 1: from a behavioral standpoint, it access this deterrent just blindly 442 00:20:36,520 --> 00:20:38,640 Speaker 1: hiring out that task on a recurring basis like having 443 00:20:38,720 --> 00:20:40,960 Speaker 1: someone on the calendar every two weeks to mode the 444 00:20:41,040 --> 00:20:43,840 Speaker 1: lawn is like you said, it's gonna add up. But 445 00:20:43,960 --> 00:20:46,920 Speaker 1: if I do it when I need it on demand 446 00:20:47,000 --> 00:20:49,320 Speaker 1: as opposed to making it a regular thing, it means 447 00:20:49,359 --> 00:20:52,080 Speaker 1: I'm less likely to do it as often. And I 448 00:20:52,160 --> 00:20:54,800 Speaker 1: kind of like being forced into making that decision. Yeah, 449 00:20:54,800 --> 00:20:56,840 Speaker 1: it's it's almost like going to like a nice resort 450 00:20:56,960 --> 00:20:59,320 Speaker 1: on vacation where it's all inclusive. It's like you're going 451 00:20:59,359 --> 00:21:01,480 Speaker 1: to spend a lot more money, So you're losing on 452 00:21:01,520 --> 00:21:02,680 Speaker 1: that front, you know, when it comes to money. But 453 00:21:02,720 --> 00:21:04,399 Speaker 1: you're also losing unless you drink as much of My 454 00:21:04,440 --> 00:21:06,040 Speaker 1: brother in law does, well, I think he gets his money. 455 00:21:06,040 --> 00:21:08,720 Speaker 1: He's worth but then he's losing on the other end 456 00:21:08,920 --> 00:21:10,600 Speaker 1: of it, you know what I'm saying, Like, like he 457 00:21:10,680 --> 00:21:13,680 Speaker 1: probably leaves those trips and he's just like, I'm just 458 00:21:14,440 --> 00:21:16,439 Speaker 1: but he's not that. But I have also been on 459 00:21:16,480 --> 00:21:18,760 Speaker 1: these trips and I've thought to myself, you know what, 460 00:21:19,200 --> 00:21:21,359 Speaker 1: like it was kind of fun in the moment, but 461 00:21:21,480 --> 00:21:24,240 Speaker 1: I kind of regret it in those instances. I wish 462 00:21:24,240 --> 00:21:26,000 Speaker 1: instead to have had that money and to have made 463 00:21:26,040 --> 00:21:28,119 Speaker 1: those choices all along the way, sort of you know, 464 00:21:28,160 --> 00:21:30,600 Speaker 1: more Alec Hart style, doing it as needed, if it 465 00:21:30,640 --> 00:21:33,440 Speaker 1: was on demand. And I think oftentimes instead of hitting 466 00:21:33,440 --> 00:21:37,720 Speaker 1: the unlimited patrone button, it sounds like your brother in 467 00:21:37,840 --> 00:21:42,240 Speaker 1: law maybe hit up to Loom or some other Mexican destination. 468 00:21:43,160 --> 00:21:45,760 Speaker 1: But the problem, I think, man, is that oftentimes, like 469 00:21:45,800 --> 00:21:48,320 Speaker 1: we're not just we're not taking the time to do 470 00:21:48,840 --> 00:21:51,160 Speaker 1: to to like reflect at all. Right, We're not hitting pause, 471 00:21:51,200 --> 00:21:54,960 Speaker 1: We're not considering these costs. We're only looking at what 472 00:21:55,000 --> 00:21:57,479 Speaker 1: we can afford in the moment, which means by default 473 00:21:57,480 --> 00:22:00,399 Speaker 1: we're becoming like payment buyers. Right, We're only looking at 474 00:22:00,400 --> 00:22:02,760 Speaker 1: the here now, We're not looking at those long term 475 00:22:02,760 --> 00:22:06,040 Speaker 1: effects of these small expenses all added up. Uh, And 476 00:22:06,040 --> 00:22:08,600 Speaker 1: so instead, like you said, it's worth it to sit down, 477 00:22:08,640 --> 00:22:11,439 Speaker 1: actually do the math, crunch the numbers, which leads me 478 00:22:11,480 --> 00:22:14,520 Speaker 1: to another point too. I think sometimes it's too complicated, 479 00:22:14,600 --> 00:22:16,399 Speaker 1: like folks are like, well how do I How am 480 00:22:16,440 --> 00:22:18,600 Speaker 1: I going to calculate what this is gonna mean for 481 00:22:18,640 --> 00:22:20,639 Speaker 1: me down the road? Uh? And this is where we 482 00:22:20,680 --> 00:22:23,360 Speaker 1: want to reintroduce folks to the rule of one seventy three, 483 00:22:23,680 --> 00:22:26,240 Speaker 1: which is simply put, if you have a monthly expense 484 00:22:26,520 --> 00:22:28,399 Speaker 1: and you want to know what that money were to 485 00:22:28,440 --> 00:22:30,600 Speaker 1: do if instead of spending it, if you invested it 486 00:22:30,640 --> 00:22:32,399 Speaker 1: in the stock market, well we can tell you what 487 00:22:32,440 --> 00:22:34,199 Speaker 1: that would be after ten years were you to just 488 00:22:34,240 --> 00:22:37,240 Speaker 1: take that expense and multiply it by hundred seventy three. 489 00:22:37,240 --> 00:22:40,119 Speaker 1: And so, for instance, car detailing, this is a service 490 00:22:40,160 --> 00:22:42,399 Speaker 1: that I do not pay for. I will spray my 491 00:22:42,440 --> 00:22:44,119 Speaker 1: own van down with the hose and wipe it with 492 00:22:44,160 --> 00:22:47,679 Speaker 1: a sponge as needed. But some mine is greatly in 493 00:22:47,680 --> 00:22:49,520 Speaker 1: need of right now? Is it? Bring it over? Many, 494 00:22:49,600 --> 00:22:51,840 Speaker 1: let's wash it washing this weekend. Make the kids do it. 495 00:22:52,440 --> 00:22:54,120 Speaker 1: But they can't reach up top. That's the problem there. 496 00:22:55,880 --> 00:22:58,400 Speaker 1: Car detailing can be so expensive. I was looking at 497 00:22:58,400 --> 00:23:01,439 Speaker 1: some prices around here around Atlanta. Uh And some folks 498 00:23:01,440 --> 00:23:04,400 Speaker 1: pay a hundred and fifteen bucks a month for car detailing. 499 00:23:04,560 --> 00:23:06,159 Speaker 1: And so let's do some simple math. You do a 500 00:23:06,240 --> 00:23:09,399 Speaker 1: hundred fifteen dollars times a hundred seventy three. If you 501 00:23:09,480 --> 00:23:13,119 Speaker 1: were to forego having your car look perfect and spotless, 502 00:23:13,280 --> 00:23:15,040 Speaker 1: you know, without any bird crap on it at all, 503 00:23:15,480 --> 00:23:17,920 Speaker 1: you would have around twenty tho dollars at the end 504 00:23:18,080 --> 00:23:20,480 Speaker 1: of ten years. It's not bad. That is a serious 505 00:23:20,480 --> 00:23:22,960 Speaker 1: amount of money for just your car looking a little 506 00:23:22,960 --> 00:23:25,040 Speaker 1: bit nicer than your neighbors. So we just want you 507 00:23:25,040 --> 00:23:27,240 Speaker 1: to keep that number in mind. A hundred and seventy three. 508 00:23:27,320 --> 00:23:30,120 Speaker 1: Multiply that by whatever monthly expense you have to see 509 00:23:30,160 --> 00:23:32,280 Speaker 1: what that money would grow to after ten years. It 510 00:23:32,320 --> 00:23:34,480 Speaker 1: just gives you a better realization of the trade off 511 00:23:34,520 --> 00:23:36,600 Speaker 1: that you're actually making in the moment. We want folks 512 00:23:36,640 --> 00:23:39,320 Speaker 1: to face the facts exactly. And another fact that needs 513 00:23:39,359 --> 00:23:41,240 Speaker 1: to be faced when we're talking about whether we're gonna 514 00:23:41,280 --> 00:23:43,840 Speaker 1: d I Y or hire a task out is do 515 00:23:43,920 --> 00:23:47,520 Speaker 1: you even have the money to spend on hiring someone? Right? 516 00:23:47,680 --> 00:23:50,760 Speaker 1: Because if you don't have money in your budget, then 517 00:23:51,080 --> 00:23:54,639 Speaker 1: this becomes kind of Nolan void. It becomes not a 518 00:23:54,680 --> 00:23:57,280 Speaker 1: debate anymore, we would say, don't go into debt for 519 00:23:57,320 --> 00:24:00,280 Speaker 1: food delivery, or for that house cleaning, or for that 520 00:24:00,359 --> 00:24:02,919 Speaker 1: card detail. If you already have credit card debt that 521 00:24:02,920 --> 00:24:06,080 Speaker 1: you're working to pay off, it's important to neglect these 522 00:24:06,119 --> 00:24:09,720 Speaker 1: conveniences for the time being. The frugal route is really 523 00:24:09,720 --> 00:24:11,919 Speaker 1: the only one that can and should make sense for 524 00:24:11,960 --> 00:24:14,480 Speaker 1: you at this point in your money journey. You can't 525 00:24:14,520 --> 00:24:17,720 Speaker 1: afford to go the spendthrift route. You know. More choices 526 00:24:17,800 --> 00:24:21,240 Speaker 1: to incorporate added convenience into your life will open up 527 00:24:21,480 --> 00:24:23,320 Speaker 1: as you begin to pay off that debt, but for 528 00:24:23,359 --> 00:24:26,160 Speaker 1: the time being, you're just not ready to prioritize any 529 00:24:26,200 --> 00:24:29,040 Speaker 1: of those other expenditures. You have to be focused, intently 530 00:24:29,040 --> 00:24:33,960 Speaker 1: focused on making sure that that debt is of utmost priority. 531 00:24:34,119 --> 00:24:36,840 Speaker 1: That's rights. Another way that you can determine whether you 532 00:24:36,880 --> 00:24:39,680 Speaker 1: should d I WYATT or higher pro is by assessing 533 00:24:40,040 --> 00:24:43,320 Speaker 1: your own skill level. For instance, if you're not entirely handy, 534 00:24:43,560 --> 00:24:45,520 Speaker 1: then it might not make a whole lot of sense 535 00:24:45,560 --> 00:24:48,480 Speaker 1: for you to attempt to say d O Y a 536 00:24:48,560 --> 00:24:51,360 Speaker 1: small home project and definitely not a large home project. Yeah, 537 00:24:51,440 --> 00:24:53,159 Speaker 1: I mean, if you were to do that, it's probably 538 00:24:53,160 --> 00:24:55,159 Speaker 1: going to feel like you're just constantly swimming up stream 539 00:24:55,240 --> 00:24:57,240 Speaker 1: and things aren't just gonna work out the way you're 540 00:24:57,240 --> 00:24:59,960 Speaker 1: probably hoping that they would. There will be some instant 541 00:25:00,000 --> 00:25:02,439 Speaker 1: says where you're going to just have to prioritize hiring 542 00:25:02,840 --> 00:25:05,679 Speaker 1: a professional because in an effort to save money and 543 00:25:05,720 --> 00:25:08,280 Speaker 1: being frugal, you might accidentally cross over into that cheap 544 00:25:08,359 --> 00:25:10,680 Speaker 1: territory and this could end up actually costing you more 545 00:25:10,720 --> 00:25:13,240 Speaker 1: money down the road, like pretending you're an amateur electrician 546 00:25:13,240 --> 00:25:15,080 Speaker 1: and then you end up in the hospital they were 547 00:25:15,080 --> 00:25:17,119 Speaker 1: burning down your house, right, And so we want to 548 00:25:17,119 --> 00:25:19,640 Speaker 1: make it clear that hiring folks with expertise can potentially, 549 00:25:20,000 --> 00:25:21,800 Speaker 1: you know, save you money, especially if you don't have 550 00:25:21,840 --> 00:25:25,360 Speaker 1: some specific knowledge that takes a long time to acquire. 551 00:25:25,400 --> 00:25:28,120 Speaker 1: For instance, I'm thinking about like hiring an accountant could 552 00:25:28,200 --> 00:25:31,280 Speaker 1: easily pay for itself. We have, i mean, for years old. 553 00:25:31,480 --> 00:25:34,000 Speaker 1: This is one of those professions related to personal finance 554 00:25:34,040 --> 00:25:36,800 Speaker 1: that we think is worth the money. With changing tax 555 00:25:36,880 --> 00:25:39,639 Speaker 1: laws and all the other nuances to consider. If you 556 00:25:39,720 --> 00:25:43,400 Speaker 1: have a more complicated tax situation, hiring a tax professional 557 00:25:43,720 --> 00:25:46,840 Speaker 1: could seriously help you out. Jaw. Another example I'm thinking 558 00:25:46,840 --> 00:25:50,959 Speaker 1: of that I've been wrestling with more recently, is okay? Now, 559 00:25:50,960 --> 00:25:53,840 Speaker 1: we've kind of talked about building out a small master 560 00:25:53,920 --> 00:25:56,960 Speaker 1: bathroom in our house, and I am fairly confident in 561 00:25:57,000 --> 00:26:00,359 Speaker 1: my abilities to look it up watching too to Reels. 562 00:26:00,440 --> 00:26:02,680 Speaker 1: Call up a friend if I run into any issues. 563 00:26:03,040 --> 00:26:05,320 Speaker 1: I think I could get it done. Fly Carl Chensen 564 00:26:05,400 --> 00:26:08,200 Speaker 1: down because he knows what's up. He can do some 565 00:26:08,240 --> 00:26:11,600 Speaker 1: construction tourism. Come visit us down here in Atlanta. That's 566 00:26:11,680 --> 00:26:14,200 Speaker 1: Mr by the way, who he had recently on the show. 567 00:26:14,880 --> 00:26:17,560 Speaker 1: But just because I can get something done doesn't mean 568 00:26:17,600 --> 00:26:19,040 Speaker 1: that I'm going to be able to get it done 569 00:26:19,480 --> 00:26:21,399 Speaker 1: well right, or that I'm going to be able to 570 00:26:21,400 --> 00:26:23,760 Speaker 1: do it artfully. Sure, I might be able to put 571 00:26:23,840 --> 00:26:27,560 Speaker 1: you lay out the tile, uh, and technically it is correct. 572 00:26:27,640 --> 00:26:29,880 Speaker 1: It is not going to move, It is not going 573 00:26:29,960 --> 00:26:33,000 Speaker 1: to leak or crack. I don't know all the things 574 00:26:33,000 --> 00:26:35,480 Speaker 1: that tile shouldn't be doing. But that doesn't mean that 575 00:26:35,520 --> 00:26:38,560 Speaker 1: it's gonna look really good in the shower because it's 576 00:26:38,560 --> 00:26:41,159 Speaker 1: all crooked or whatever else. It would be arrogant on 577 00:26:41,240 --> 00:26:44,240 Speaker 1: my part to think that just by looking something up, 578 00:26:44,560 --> 00:26:47,040 Speaker 1: even though I might technically be able to accomplish it, 579 00:26:47,320 --> 00:26:48,960 Speaker 1: that I'm able to do as good of a job 580 00:26:49,119 --> 00:26:52,080 Speaker 1: as a skilled tradesman with year, like a decade's worth 581 00:26:52,119 --> 00:26:54,560 Speaker 1: of experience laying tile. And so that's something else to 582 00:26:54,640 --> 00:26:56,240 Speaker 1: keep in mind is that just because you could do 583 00:26:56,320 --> 00:26:58,880 Speaker 1: something doesn't mean it doesn't necessarily mean that you could 584 00:26:58,880 --> 00:27:02,840 Speaker 1: do it well. And sometimes that's okay, Like sometimes the 585 00:27:02,920 --> 00:27:06,159 Speaker 1: job doesn't have to be done perfectly, but sometimes you 586 00:27:06,200 --> 00:27:08,560 Speaker 1: want you want it done really well. It depends on 587 00:27:08,640 --> 00:27:11,439 Speaker 1: your own standards and kind of what the individual project is. 588 00:27:11,680 --> 00:27:13,960 Speaker 1: But yeah, I think knowing your skill level is a 589 00:27:14,080 --> 00:27:16,119 Speaker 1: huge part of deciding whether or not to t I 590 00:27:16,280 --> 00:27:20,240 Speaker 1: Y or to outsource that project, whatever it is. And 591 00:27:20,280 --> 00:27:22,840 Speaker 1: I think an example, maybe on the flip side, is 592 00:27:23,440 --> 00:27:26,840 Speaker 1: hiring a financial advisor. Someone who is falls more into 593 00:27:26,880 --> 00:27:30,600 Speaker 1: that spendthrift camp might just assume paying someone one percent 594 00:27:30,880 --> 00:27:35,320 Speaker 1: to manage their investments makes sense. Yeah, big spender over there. 595 00:27:36,560 --> 00:27:39,639 Speaker 1: And I mean, like this professional they know more than you, right, 596 00:27:39,760 --> 00:27:42,000 Speaker 1: I mean, of course, yeah, they they've they have gone 597 00:27:42,040 --> 00:27:44,160 Speaker 1: through years of training and they do know more than 598 00:27:44,200 --> 00:27:47,280 Speaker 1: you do. But the learning curve on investing is a 599 00:27:47,359 --> 00:27:51,280 Speaker 1: lot shorter than the learning curve for taxes, let's say, 600 00:27:51,400 --> 00:27:54,520 Speaker 1: or for providing healthcare and going to see a doctor 601 00:27:54,560 --> 00:27:58,520 Speaker 1: to diagnose your illness is that's a lot more difficult 602 00:27:58,560 --> 00:28:01,199 Speaker 1: of a process than helping you the right investments. And 603 00:28:01,240 --> 00:28:03,200 Speaker 1: at the same time, even if you were to hire someone, 604 00:28:03,240 --> 00:28:04,879 Speaker 1: there's a good bit of learning you have to do 605 00:28:04,920 --> 00:28:07,679 Speaker 1: anyway in order to know the right questions to ask. 606 00:28:08,040 --> 00:28:10,760 Speaker 1: So we think on the investing front, d I Y 607 00:28:10,800 --> 00:28:13,040 Speaker 1: is the best route if you want the happy medium, 608 00:28:13,040 --> 00:28:15,720 Speaker 1: the pendulum in the center. Robo advisors are great in 609 00:28:15,720 --> 00:28:18,840 Speaker 1: between choice and companies like Betterment and Wealth Front are 610 00:28:18,880 --> 00:28:21,639 Speaker 1: awesome picks for people who are scared off completely by 611 00:28:21,680 --> 00:28:24,199 Speaker 1: d I Y investing. I think robo advisors have been 612 00:28:24,240 --> 00:28:26,439 Speaker 1: a nice addition to the space, but it's one of 613 00:28:26,440 --> 00:28:28,920 Speaker 1: those things where knowing your skill level kind of assessing 614 00:28:28,920 --> 00:28:30,480 Speaker 1: it and saying like what am I good at, what 615 00:28:30,520 --> 00:28:32,800 Speaker 1: am I not good at, what can I easily learn, 616 00:28:32,840 --> 00:28:34,600 Speaker 1: what can I get up to speed on pretty quickly, 617 00:28:34,920 --> 00:28:36,679 Speaker 1: what is not going to be up to snuff, and 618 00:28:36,680 --> 00:28:39,360 Speaker 1: then going from there when it comes to deciding when 619 00:28:39,400 --> 00:28:41,440 Speaker 1: you hire something, when you do it yourself makes a 620 00:28:41,440 --> 00:28:44,080 Speaker 1: lot of sense, And we have a few other considerations 621 00:28:44,080 --> 00:28:45,560 Speaker 1: that we want you to keep in mind as you 622 00:28:45,640 --> 00:28:47,880 Speaker 1: are going to decide whether you should d o Wyatt 623 00:28:47,920 --> 00:28:49,640 Speaker 1: or whether you should hire a pro. We're gonna get 624 00:28:49,680 --> 00:29:00,720 Speaker 1: to those right after this break, all right, at there's 625 00:29:00,720 --> 00:29:02,680 Speaker 1: more to cover about when to d I Y, when 626 00:29:02,720 --> 00:29:05,600 Speaker 1: to hire a pro, and one of the next most 627 00:29:05,640 --> 00:29:08,760 Speaker 1: important considerations that someone needs to make. Again, we said, 628 00:29:08,840 --> 00:29:11,640 Speaker 1: if you if you're gonna go into debt for convenience sake, 629 00:29:11,840 --> 00:29:14,320 Speaker 1: that's a bad idea. But knowing your hourly rate is 630 00:29:14,320 --> 00:29:16,720 Speaker 1: a huge part of knowing when it makes sense, or 631 00:29:16,720 --> 00:29:19,120 Speaker 1: at least realizing how much it's actually costing you too. 632 00:29:19,680 --> 00:29:23,200 Speaker 1: And yeah, when we're talking about outsourcing projects, you want 633 00:29:23,200 --> 00:29:25,360 Speaker 1: to know what doll I normally get paid, what is 634 00:29:25,360 --> 00:29:28,000 Speaker 1: my time kind of worth? And will actually include the 635 00:29:28,080 --> 00:29:30,720 Speaker 1: formula to calculate your hourly rate in the show notes. 636 00:29:30,960 --> 00:29:33,959 Speaker 1: But basically, once you've found that out, once you've figured 637 00:29:33,960 --> 00:29:37,080 Speaker 1: out how much your time is worth from a work perspective, 638 00:29:37,440 --> 00:29:39,600 Speaker 1: knowing that can help you make a better decision when 639 00:29:39,640 --> 00:29:42,400 Speaker 1: it comes to what projects you end up tackling yourself 640 00:29:42,520 --> 00:29:44,800 Speaker 1: versus which ones you're willing to leave to the pros, 641 00:29:44,840 --> 00:29:48,000 Speaker 1: for example, painting room in your house. If your hourly rate, 642 00:29:48,040 --> 00:29:50,600 Speaker 1: you figured it out and you say that's roughly an 643 00:29:50,640 --> 00:29:53,200 Speaker 1: hour and it's gonna take you, let's say, five hours 644 00:29:53,200 --> 00:29:55,800 Speaker 1: to paint that room, but the pros down the street 645 00:29:55,800 --> 00:29:59,120 Speaker 1: will charge you two d and fifty dollars. Well, it's 646 00:29:59,160 --> 00:30:02,000 Speaker 1: really helpful to know that the pros are going to 647 00:30:02,120 --> 00:30:05,440 Speaker 1: cost you ten hours of your work at least before taxes, 648 00:30:05,880 --> 00:30:08,400 Speaker 1: and framing it like that might help lead you in 649 00:30:08,440 --> 00:30:11,000 Speaker 1: the right direction. It might lead you towards going to 650 00:30:11,080 --> 00:30:12,840 Speaker 1: d I Y route because you're like, that's gonna cost 651 00:30:12,880 --> 00:30:15,440 Speaker 1: me twice as much and I've got some free time, 652 00:30:15,560 --> 00:30:17,560 Speaker 1: so I'm gonna be the one to tackle this page job. 653 00:30:17,560 --> 00:30:19,120 Speaker 1: I'm not going to hire it out, but at least 654 00:30:19,120 --> 00:30:21,080 Speaker 1: set you up with a simple equation to be able 655 00:30:21,120 --> 00:30:22,840 Speaker 1: to make a better decision. Yeah, and then what you 656 00:30:22,920 --> 00:30:24,600 Speaker 1: do with the time that you've been able to salvage 657 00:30:24,640 --> 00:30:27,640 Speaker 1: is really important to be proactive with. We want you 658 00:30:27,720 --> 00:30:30,480 Speaker 1: to be intentional with the time. Uh you know, I 659 00:30:30,480 --> 00:30:33,240 Speaker 1: mean with all your time, but when you can associate 660 00:30:33,240 --> 00:30:36,600 Speaker 1: it more clearly with money that you're spending on services 661 00:30:36,640 --> 00:30:39,800 Speaker 1: that you could do yourself, it is worth thinking through 662 00:30:39,960 --> 00:30:41,760 Speaker 1: how am I actually gonna spend that time in a 663 00:30:41,800 --> 00:30:45,120 Speaker 1: way that's going to move the needle for for for me, personally. Uh. 664 00:30:45,160 --> 00:30:47,920 Speaker 1: And on a related note, we want you to be intentionally, 665 00:30:47,960 --> 00:30:50,200 Speaker 1: very intentional when it comes to your hiring because we 666 00:30:50,240 --> 00:30:52,719 Speaker 1: want you to keep those areas very well defined, right 667 00:30:52,760 --> 00:30:54,520 Speaker 1: Like this is similar to how we talk about spending 668 00:30:54,520 --> 00:30:57,080 Speaker 1: extra money happily in just a few areas of your life, 669 00:30:57,080 --> 00:30:59,360 Speaker 1: like for us, that's craft beer. Well, the same is 670 00:30:59,400 --> 00:31:02,040 Speaker 1: true of bending on convenience, because we don't want you 671 00:31:02,040 --> 00:31:04,720 Speaker 1: to spend you know, on all the different conveniences that 672 00:31:04,800 --> 00:31:07,480 Speaker 1: you possibly can. We want you instead to maybe pick 673 00:31:07,520 --> 00:31:10,600 Speaker 1: the ones that's going to create the most time. Uh. 674 00:31:10,640 --> 00:31:12,360 Speaker 1: And that's going to relieve the most stress for you, 675 00:31:12,440 --> 00:31:14,320 Speaker 1: that's going to give you the best return on your 676 00:31:14,320 --> 00:31:17,440 Speaker 1: investments in your life. Because we all have to pick 677 00:31:17,440 --> 00:31:19,480 Speaker 1: our battles and decide, you know, where it is that 678 00:31:19,480 --> 00:31:21,520 Speaker 1: we're going to d I why it versus hiring it out. 679 00:31:21,960 --> 00:31:23,520 Speaker 1: We just don't want you to fork over that money 680 00:31:23,640 --> 00:31:25,240 Speaker 1: just because you can. We want you to pick those 681 00:31:25,240 --> 00:31:27,960 Speaker 1: spots intentionally. Uh. And you know, one of the ways 682 00:31:28,000 --> 00:31:31,800 Speaker 1: that you can decide is to consider the consequences were 683 00:31:31,880 --> 00:31:34,120 Speaker 1: you to mess things up. Is this uh an instance 684 00:31:34,120 --> 00:31:35,920 Speaker 1: where if you mess it up, it's gonna be like 685 00:31:35,960 --> 00:31:37,960 Speaker 1: not that big of a deal, or in the case 686 00:31:38,000 --> 00:31:41,560 Speaker 1: of like self surgery, the constance the consequences could be 687 00:31:41,560 --> 00:31:43,800 Speaker 1: pretty dire, right yeah, or or in in your plumbing, 688 00:31:43,880 --> 00:31:46,680 Speaker 1: not as dire as self surgery yet. But but if 689 00:31:46,720 --> 00:31:47,960 Speaker 1: you did it wrong and you had to rip it 690 00:31:48,000 --> 00:31:50,680 Speaker 1: all up and you had to start over, you know, 691 00:31:51,040 --> 00:31:53,400 Speaker 1: it could be a whole lot of frustration. Like if 692 00:31:53,400 --> 00:31:55,360 Speaker 1: you have to do the thing twice in order to 693 00:31:55,400 --> 00:31:57,560 Speaker 1: get it right done right, you might have you might 694 00:31:57,600 --> 00:31:59,320 Speaker 1: have thought twice about hiring the pro. But it's not 695 00:31:59,360 --> 00:32:02,280 Speaker 1: gonna kill me the exactly, and it might make you stronger. 696 00:32:02,440 --> 00:32:05,400 Speaker 1: But like, for instance, I had to replace the water 697 00:32:05,440 --> 00:32:08,120 Speaker 1: pump and timing belt on on Homer recently, Homer's getting 698 00:32:08,200 --> 00:32:10,360 Speaker 1: up there in age and it was it was time, 699 00:32:10,480 --> 00:32:13,800 Speaker 1: it was leaking and there you know, you never want that. 700 00:32:14,080 --> 00:32:17,800 Speaker 1: So is it physically possible for me, Joel two D 701 00:32:17,920 --> 00:32:21,880 Speaker 1: I y that repair? Yes, yes it is. YouTube videos 702 00:32:21,960 --> 00:32:24,480 Speaker 1: they could have helped me see the process step by step. 703 00:32:24,480 --> 00:32:27,800 Speaker 1: I'm sure someone walks me along with like lovely elevator 704 00:32:27,840 --> 00:32:31,040 Speaker 1: music playing in the background on how to actually perform 705 00:32:31,120 --> 00:32:34,000 Speaker 1: that repair. But this sounds like an awful job. It's 706 00:32:34,000 --> 00:32:36,280 Speaker 1: one that I don't want to do. And it's also 707 00:32:36,360 --> 00:32:39,800 Speaker 1: one that should last for eighty thousand miles or so. 708 00:32:40,120 --> 00:32:42,440 Speaker 1: It's it's something I'll likely never have to perform on 709 00:32:42,480 --> 00:32:45,160 Speaker 1: this fan again. And also the likelihood of screwing it 710 00:32:45,240 --> 00:32:47,960 Speaker 1: up is big, Like I could damage other system components 711 00:32:48,160 --> 00:32:50,520 Speaker 1: if I don't do it properly, So like sell surgery, 712 00:32:50,560 --> 00:32:52,240 Speaker 1: that could kill you if you messed up, if you 713 00:32:52,240 --> 00:32:55,480 Speaker 1: were to do this incorrectly and decided to drive across town, 714 00:32:55,600 --> 00:32:57,240 Speaker 1: you know, on the on the interstate, like you could 715 00:32:57,280 --> 00:32:59,600 Speaker 1: potentially overheat and crack your engine or some right, And 716 00:32:59,760 --> 00:33:02,080 Speaker 1: they're other how money listeners out there who might say, no, 717 00:33:02,200 --> 00:33:04,160 Speaker 1: I could do that, Like I have the skill level 718 00:33:04,480 --> 00:33:06,560 Speaker 1: and the knowledge and the time, and so I'm willing 719 00:33:06,560 --> 00:33:09,040 Speaker 1: to replace my own water pub time. For them, not 720 00:33:09,120 --> 00:33:11,200 Speaker 1: that big of a deal exactly, but for me, bigger deal. 721 00:33:11,520 --> 00:33:13,720 Speaker 1: So it would take me a lot of time as well, 722 00:33:13,760 --> 00:33:15,840 Speaker 1: like far more than it takes my mechanic to do. 723 00:33:15,920 --> 00:33:18,080 Speaker 1: And it took my mechanic basically a full day. So 724 00:33:18,120 --> 00:33:19,760 Speaker 1: I'm like, all right, yeah, if it took him a day, 725 00:33:19,760 --> 00:33:22,920 Speaker 1: it's gonna take me a week. And that is that's 726 00:33:22,920 --> 00:33:26,040 Speaker 1: a long time. So this, of course is a great 727 00:33:26,080 --> 00:33:28,360 Speaker 1: thing for me. To let the well trained mechanic candle 728 00:33:28,560 --> 00:33:30,200 Speaker 1: to hire it out, to let the pros do it. 729 00:33:30,480 --> 00:33:32,760 Speaker 1: So this of course is a great thing for me 730 00:33:32,880 --> 00:33:35,640 Speaker 1: to let the well trained mechanic handle. I'd be biting 731 00:33:35,640 --> 00:33:37,320 Speaker 1: off more than I could chew. It's more than I 732 00:33:37,360 --> 00:33:40,240 Speaker 1: feel like I could comfortably handle flying solo. And the 733 00:33:40,240 --> 00:33:41,920 Speaker 1: other thing too. You mentioned that this is something that 734 00:33:41,960 --> 00:33:44,680 Speaker 1: you would do so incredibly infrequently, right, And so I 735 00:33:44,680 --> 00:33:46,360 Speaker 1: think that's something else to keep in mind, is that 736 00:33:46,480 --> 00:33:49,480 Speaker 1: is this a skill that you could gain, and then 737 00:33:49,480 --> 00:33:51,560 Speaker 1: by gaining that skill that could potentially save you more money, 738 00:33:51,640 --> 00:33:53,840 Speaker 1: say next year. I mean, this is the reason why 739 00:33:53,920 --> 00:33:55,960 Speaker 1: I decided to learn how to change out my own 740 00:33:56,000 --> 00:33:58,959 Speaker 1: screen on my phone. Was just thinking, yeah, because for me, 741 00:33:59,080 --> 00:34:01,840 Speaker 1: like I almost saw it as like the two point 742 00:34:01,880 --> 00:34:04,840 Speaker 1: oh version of like changing your own oil. It's it's 743 00:34:04,880 --> 00:34:07,000 Speaker 1: it's something that feels like, at least in our household, 744 00:34:07,160 --> 00:34:10,319 Speaker 1: that's going to become more frequent. Were slowly, but you know, 745 00:34:10,480 --> 00:34:13,759 Speaker 1: but surely acquiring more screens and more devices with a 746 00:34:13,840 --> 00:34:16,080 Speaker 1: family of six, And so I believe that this is 747 00:34:16,120 --> 00:34:19,239 Speaker 1: something I'm gonna be coming back to again and again. Uh. 748 00:34:19,320 --> 00:34:21,400 Speaker 1: Not to mention the fact that the consequences aren't that 749 00:34:21,760 --> 00:34:24,160 Speaker 1: aren't that huge? I mean, these parts aren't all that expensive. 750 00:34:24,440 --> 00:34:27,520 Speaker 1: I fix it online, Like, they've got great tutorials, they've 751 00:34:27,560 --> 00:34:30,120 Speaker 1: got great parts and they've got great tools, so they 752 00:34:30,160 --> 00:34:32,880 Speaker 1: have everything you need to It's not too bad. No, 753 00:34:33,040 --> 00:34:35,440 Speaker 1: it's not at all. And so you know, so keep 754 00:34:35,480 --> 00:34:36,959 Speaker 1: that in mind as well. If it's if it's gonna 755 00:34:36,960 --> 00:34:38,600 Speaker 1: be a one time thing, well you know, maybe you 756 00:34:38,640 --> 00:34:40,160 Speaker 1: leave it to the pros. But if it's something that 757 00:34:40,200 --> 00:34:42,960 Speaker 1: you can revisit, and if there's a multiplier effect on 758 00:34:42,960 --> 00:34:44,440 Speaker 1: how much money you can save you down the road, 759 00:34:44,440 --> 00:34:46,040 Speaker 1: that's something you need to keep in mind as well. 760 00:34:46,480 --> 00:34:49,040 Speaker 1: And another way to decide is if you absolutely hate 761 00:34:49,239 --> 00:34:51,840 Speaker 1: the task that you're looking to hire someone for. This 762 00:34:51,920 --> 00:34:53,640 Speaker 1: is one of those instances where you're going to have 763 00:34:53,680 --> 00:34:56,080 Speaker 1: to work really hard to be honest with yourself because 764 00:34:56,280 --> 00:34:58,200 Speaker 1: you know, if you're saying, well, anything I don't want 765 00:34:58,200 --> 00:35:01,440 Speaker 1: to do I hate, then my kids right there. If 766 00:35:01,440 --> 00:35:03,279 Speaker 1: that's the case, like you just need a mellow out, 767 00:35:03,280 --> 00:35:05,279 Speaker 1: I don't want to get dressed, just chill out a 768 00:35:05,320 --> 00:35:07,360 Speaker 1: little bit. It sounds like you're being a little do dramatic, 769 00:35:08,080 --> 00:35:11,400 Speaker 1: but there are all tasks, uh, you know, chores or jobs, 770 00:35:11,440 --> 00:35:14,000 Speaker 1: whatever they might be, that we loathe with a passion, 771 00:35:14,000 --> 00:35:16,840 Speaker 1: and that we would rather do almost anything else, including 772 00:35:17,200 --> 00:35:19,359 Speaker 1: working more hours to do which a lot of us 773 00:35:19,360 --> 00:35:21,759 Speaker 1: find a lot of satisfaction in our work. And so 774 00:35:22,080 --> 00:35:24,680 Speaker 1: you think, oh, I would much rather work in your 775 00:35:24,680 --> 00:35:26,879 Speaker 1: example earlier, Joe, I would much rather work another five 776 00:35:26,920 --> 00:35:29,560 Speaker 1: hours and have these guys paint these walls so that 777 00:35:29,680 --> 00:35:31,319 Speaker 1: I do not have to worry about it. And so 778 00:35:31,360 --> 00:35:33,400 Speaker 1: if that's you, if you've identified something that you truly 779 00:35:33,440 --> 00:35:36,080 Speaker 1: hate doing, then I believe you've identified a task that 780 00:35:36,120 --> 00:35:38,239 Speaker 1: you hate. Uh. The one that comes to mind for 781 00:35:38,719 --> 00:35:43,440 Speaker 1: in our household is Kate specifically hates vacuuming. Like literally, 782 00:35:43,480 --> 00:35:45,480 Speaker 1: I can maybe count on one hand the number of 783 00:35:45,520 --> 00:35:48,239 Speaker 1: times she's vacuumed our house since we've been married. Like, 784 00:35:48,320 --> 00:35:51,200 Speaker 1: she just does not vacuum, and she does lots of 785 00:35:51,239 --> 00:35:52,960 Speaker 1: other stuff. Mind you, I'm not trying to say this 786 00:35:53,000 --> 00:35:55,359 Speaker 1: is something I want her to change. There's Kate watching 787 00:35:55,400 --> 00:35:58,239 Speaker 1: the Telling novels. Again. There she is cooking delicious food 788 00:35:58,239 --> 00:36:01,920 Speaker 1: for our entire family. Again, not that giving no. Vacuuming 789 00:36:02,000 --> 00:36:04,919 Speaker 1: is something that she hates with a passion. And we're 790 00:36:04,960 --> 00:36:07,360 Speaker 1: a good fit because I actually kind of like vacuuming. 791 00:36:07,400 --> 00:36:09,560 Speaker 1: I'm able to put the you know, my earbuds in, 792 00:36:09,600 --> 00:36:11,919 Speaker 1: listen to a podcast, just kind of mellow out. Get 793 00:36:11,920 --> 00:36:14,359 Speaker 1: the floors really clean is something that we've built into 794 00:36:14,400 --> 00:36:16,920 Speaker 1: our schedule. But if we weren't married, if she was 795 00:36:16,920 --> 00:36:19,400 Speaker 1: married to somebody else and they also hated vacuuming, that 796 00:36:19,440 --> 00:36:22,279 Speaker 1: would be something I know that she would outsource that, 797 00:36:22,320 --> 00:36:24,919 Speaker 1: where she would hire a cleaning service, because she would 798 00:36:25,160 --> 00:36:27,880 Speaker 1: much rather literally do anything else in the world except 799 00:36:27,920 --> 00:36:30,320 Speaker 1: for vacuum floors. So whether or not you like the 800 00:36:30,320 --> 00:36:32,880 Speaker 1: task at hand, your aversion to it, that's something to 801 00:36:32,920 --> 00:36:36,840 Speaker 1: keep in mind as well. Definitely factors in right and yeah, 802 00:36:37,120 --> 00:36:40,800 Speaker 1: we would say, once you've eliminated some regular, unnecessary expenses, 803 00:36:40,800 --> 00:36:45,280 Speaker 1: some conveniences that you have been spending on, maybe that 804 00:36:45,640 --> 00:36:48,640 Speaker 1: you realize I didn't actually hate that, or maybe i'd 805 00:36:48,760 --> 00:36:51,120 Speaker 1: I'd rather I'd rather save that money, I'd rather hold 806 00:36:51,120 --> 00:36:53,640 Speaker 1: onto it and d I y this instead of outsourcing it. 807 00:36:53,920 --> 00:36:56,200 Speaker 1: We would say, it's important to find a better place 808 00:36:56,520 --> 00:37:00,960 Speaker 1: for that money, and sometimes finding another play that is 809 00:37:01,000 --> 00:37:03,680 Speaker 1: more meaningful to put that money can actually be the 810 00:37:03,719 --> 00:37:06,560 Speaker 1: main reason to curb spending in this way. It's easy 811 00:37:06,600 --> 00:37:09,520 Speaker 1: to puttle away some money if you lack meaningful goals. 812 00:37:09,840 --> 00:37:12,160 Speaker 1: Five bucks here, ten bucks there doesn't seem like a 813 00:37:12,160 --> 00:37:14,000 Speaker 1: big deal, But Matt and I are willing to go 814 00:37:14,080 --> 00:37:17,399 Speaker 1: as far as saying that millionaires are made ten bucks 815 00:37:17,400 --> 00:37:19,759 Speaker 1: at a time. It is those small decisions, like the 816 00:37:19,800 --> 00:37:22,640 Speaker 1: big decisions certainly add up, but those small decisions are 817 00:37:22,680 --> 00:37:25,279 Speaker 1: really meaningful over time, to like that rule of one 818 00:37:25,320 --> 00:37:27,719 Speaker 1: seventy three that you mentioned, Matt, and and that is 819 00:37:27,840 --> 00:37:31,400 Speaker 1: why cutting these recurring expenses are are so dang crucial. 820 00:37:31,680 --> 00:37:33,879 Speaker 1: Ten or twenty bucks saved on let's say a cell 821 00:37:33,920 --> 00:37:36,359 Speaker 1: phone bill every single month might not seem like much, 822 00:37:36,360 --> 00:37:38,920 Speaker 1: but it makes a meaningful difference in every single small 823 00:37:38,960 --> 00:37:42,640 Speaker 1: decision that you make, like that adds up. Every ten 824 00:37:42,680 --> 00:37:44,759 Speaker 1: spot you save in these recurring costs can be a 825 00:37:44,800 --> 00:37:47,600 Speaker 1: building block for your financial future. And so really we 826 00:37:47,640 --> 00:37:49,840 Speaker 1: would say if you can get more excited about building 827 00:37:50,080 --> 00:37:52,880 Speaker 1: wealth for future you, that makes it so much easier 828 00:37:52,920 --> 00:37:55,400 Speaker 1: to cut back on in the here and now having 829 00:37:55,400 --> 00:37:57,880 Speaker 1: those goals and then realizing that that D I Y 830 00:37:58,080 --> 00:38:01,120 Speaker 1: Y projects, not only is it maybe making you better 831 00:38:01,200 --> 00:38:04,080 Speaker 1: at something like giving you the ability to tackle something 832 00:38:04,320 --> 00:38:06,839 Speaker 1: difficult or at least just not succumbed to the easy 833 00:38:06,920 --> 00:38:09,560 Speaker 1: route that at the same time you're saving money that's 834 00:38:09,560 --> 00:38:13,120 Speaker 1: going to give you more freedom, more choice decades down 835 00:38:13,120 --> 00:38:15,840 Speaker 1: the road. I feel like making that connection is a 836 00:38:15,880 --> 00:38:19,040 Speaker 1: major help in curbing some of that spending. Yeah, you know, 837 00:38:19,080 --> 00:38:20,800 Speaker 1: going back to what we said earlier, if you're able 838 00:38:20,840 --> 00:38:24,000 Speaker 1: bodied inconvenience isn't always going to be the worst thing 839 00:38:24,160 --> 00:38:26,560 Speaker 1: for you. Modern conveniences are certainly nice. I'm not against 840 00:38:26,560 --> 00:38:30,360 Speaker 1: an occasional fast food visit, UH cleaning service or different 841 00:38:30,360 --> 00:38:32,879 Speaker 1: apps that make it easier to accomplish a whole slew 842 00:38:32,920 --> 00:38:35,680 Speaker 1: of tasks. When there are four out of five adults 843 00:38:35,680 --> 00:38:38,360 Speaker 1: who admit to being time poor, having too much to 844 00:38:38,440 --> 00:38:40,319 Speaker 1: do and not enough time to do it, it can 845 00:38:40,360 --> 00:38:42,200 Speaker 1: make sense to take advantage of some of these modern 846 00:38:42,239 --> 00:38:45,719 Speaker 1: conveniences that will actually allow us more freedom to say, 847 00:38:45,760 --> 00:38:48,680 Speaker 1: maybe build a business or pursue other things that are 848 00:38:48,680 --> 00:38:51,120 Speaker 1: going to provide much more value in our lives. But 849 00:38:51,640 --> 00:38:53,480 Speaker 1: only if we actually have the money and if we've 850 00:38:53,480 --> 00:38:56,960 Speaker 1: fought through the impact of choosing the convenient path. You know, 851 00:38:57,000 --> 00:39:00,320 Speaker 1: if we outsource everything UH for choosing convenience at every 852 00:39:00,320 --> 00:39:03,279 Speaker 1: turn like that can have those other harmful impacts that 853 00:39:03,320 --> 00:39:06,040 Speaker 1: we talked about earlier, and so appreciate the conveniences in 854 00:39:06,040 --> 00:39:08,239 Speaker 1: your life that don't cost a dime. There's a lot 855 00:39:08,239 --> 00:39:10,560 Speaker 1: of free things out there in the world. Question the 856 00:39:10,600 --> 00:39:14,000 Speaker 1: ones that do cost money, and only incorporate the conveniences 857 00:39:14,040 --> 00:39:17,719 Speaker 1: that make financial and lifestyle sense for you. Yeah, and again, 858 00:39:17,760 --> 00:39:20,680 Speaker 1: everybody's going to kind of come down in different in 859 00:39:20,680 --> 00:39:23,440 Speaker 1: different realms on this. Some people are going to change 860 00:39:23,480 --> 00:39:26,239 Speaker 1: their own oil regularly, They're gonna mow their online, They're 861 00:39:26,239 --> 00:39:28,520 Speaker 1: gonna be Captain d I Y and other listeners out 862 00:39:28,560 --> 00:39:31,279 Speaker 1: there are going to be more prone to outsourcing stuff. 863 00:39:31,360 --> 00:39:33,680 Speaker 1: Maybe they'll outsource just a little bit less after after 864 00:39:33,719 --> 00:39:37,120 Speaker 1: listening to this, maybe they'll question a couple of those expenditures. 865 00:39:37,200 --> 00:39:40,200 Speaker 1: And yeah, like one of those things, grocery delivery is 866 00:39:40,200 --> 00:39:41,759 Speaker 1: is one that I think some people have quickly gotten 867 00:39:41,760 --> 00:39:44,040 Speaker 1: accustomed to, and it's like, wait, now, let's question that again. 868 00:39:44,160 --> 00:39:46,640 Speaker 1: Let's decide whether that's really worth it or not. So 869 00:39:46,800 --> 00:39:49,360 Speaker 1: hopefully this gives you the framework for making better decisions 870 00:39:49,560 --> 00:39:51,719 Speaker 1: when it comes to your time and money. But Matt, 871 00:39:51,760 --> 00:39:53,160 Speaker 1: let's get back to the beer that we had on 872 00:39:53,200 --> 00:39:55,439 Speaker 1: this episode. This one was from Bell's Brewing. It's called 873 00:39:55,800 --> 00:39:58,520 Speaker 1: rind Over Matter. It's a wheat ale with lemon and 874 00:39:58,640 --> 00:40:00,759 Speaker 1: orange zest. What was your take on one? That's right, 875 00:40:01,200 --> 00:40:04,799 Speaker 1: rind Over Matter, nice little pun for us. Dad's out there, 876 00:40:05,360 --> 00:40:07,120 Speaker 1: So I will I'm going to say that this is 877 00:40:07,200 --> 00:40:10,200 Speaker 1: a good beer out there for folks who may not 878 00:40:10,320 --> 00:40:12,480 Speaker 1: like beers. This like to me, it does not have 879 00:40:12,560 --> 00:40:15,160 Speaker 1: a super beery taste to it. It kind of tastes 880 00:40:15,200 --> 00:40:17,640 Speaker 1: like lemonade a little bit, like it's got a little 881 00:40:17,640 --> 00:40:19,880 Speaker 1: bit of tartness going on. Uh. And so just kind 882 00:40:19,880 --> 00:40:22,120 Speaker 1: of wheat beers in general that have some different flavors 883 00:40:22,120 --> 00:40:24,600 Speaker 1: going on. If you're maybe at a brewery and you're 884 00:40:24,600 --> 00:40:26,480 Speaker 1: with some friends and you're kind of the person who's 885 00:40:26,480 --> 00:40:28,400 Speaker 1: not really into beer, but you go along with it 886 00:40:28,440 --> 00:40:31,759 Speaker 1: because well, you know, my wife really likes beer, or 887 00:40:31,840 --> 00:40:34,160 Speaker 1: you know my friends they really like beer, or Matt 888 00:40:34,160 --> 00:40:35,839 Speaker 1: and Joel they really like beer, and so maybe I'll 889 00:40:35,840 --> 00:40:39,239 Speaker 1: give this brewery a shot. Uh. Wheat beers in general 890 00:40:39,320 --> 00:40:41,640 Speaker 1: it tend to be easier to approach, but certainly wheat 891 00:40:41,680 --> 00:40:44,960 Speaker 1: beers that have other flavors going on, so like this one. Certainly, 892 00:40:45,000 --> 00:40:46,520 Speaker 1: the first thing you notice when you drink it is 893 00:40:46,800 --> 00:40:50,239 Speaker 1: that lemon kind of lemon and orange zestiness going on 894 00:40:50,760 --> 00:40:53,840 Speaker 1: a little bit of lemon pucker almost meyer lemon almost 895 00:40:53,920 --> 00:40:55,640 Speaker 1: kind of actually going on, but but but not like 896 00:40:55,640 --> 00:40:57,960 Speaker 1: an overly it's not overly sour. It's it's almost like 897 00:40:58,000 --> 00:40:59,360 Speaker 1: you kind of give it a twist of the of 898 00:40:59,400 --> 00:41:02,480 Speaker 1: the rhine, right kind of. It's like the essence the 899 00:41:03,000 --> 00:41:05,359 Speaker 1: of the orange or the oils from the lemon peel 900 00:41:05,400 --> 00:41:06,799 Speaker 1: getting on there a little bit just to kind of 901 00:41:06,800 --> 00:41:09,240 Speaker 1: give it some of those aromatics. Yeah, I think along 902 00:41:09,239 --> 00:41:11,480 Speaker 1: with those Sitrus notes, it was really bright. And so 903 00:41:11,520 --> 00:41:13,200 Speaker 1: I do think you're right this this beer is going 904 00:41:13,280 --> 00:41:15,959 Speaker 1: to have a lot of wide appeal to people that 905 00:41:16,480 --> 00:41:19,080 Speaker 1: might not otherwise get into the craft beer scene. This 906 00:41:19,160 --> 00:41:20,560 Speaker 1: is a good beer to start with. And and the 907 00:41:20,640 --> 00:41:23,600 Speaker 1: nice thing is bells beers get distributed I think across 908 00:41:23,760 --> 00:41:26,120 Speaker 1: almost every socially, wherever you live, you you should be 909 00:41:26,160 --> 00:41:27,440 Speaker 1: able to get bells. So if you're one of those 910 00:41:27,440 --> 00:41:29,160 Speaker 1: people who listens and you're like, I only listen for 911 00:41:29,160 --> 00:41:31,360 Speaker 1: the money advice, which there are definitely some of you 912 00:41:31,360 --> 00:41:33,480 Speaker 1: out there, we appreciate you bearing with listen to the 913 00:41:33,520 --> 00:41:35,480 Speaker 1: beer stuff. If you wanted to give it another shot, 914 00:41:35,560 --> 00:41:37,359 Speaker 1: this might be one to try. That's right, and we're 915 00:41:37,360 --> 00:41:39,080 Speaker 1: really gonna talk about beer for thirty more seconds, so 916 00:41:39,160 --> 00:41:41,439 Speaker 1: bear with us. But I want to highlight the fact 917 00:41:41,440 --> 00:41:43,120 Speaker 1: that this is a beer that is not an I 918 00:41:43,200 --> 00:41:46,600 Speaker 1: p A. There is like no hot bitterness going on 919 00:41:46,680 --> 00:41:48,640 Speaker 1: with this beer. And so if you have found yourself 920 00:41:48,719 --> 00:41:51,120 Speaker 1: turned off to the different I p as, New England, 921 00:41:51,200 --> 00:41:53,400 Speaker 1: Hazy I p A s, West Coast i pas, all 922 00:41:53,440 --> 00:41:55,560 Speaker 1: the different styles that we like to talk about certainly 923 00:41:55,560 --> 00:41:57,640 Speaker 1: go in the direction of wheat beers. It is a 924 00:41:57,760 --> 00:41:59,560 Speaker 1: very different beer than than what we often have on 925 00:41:59,600 --> 00:42:01,640 Speaker 1: the show, no doubt. All right, Matt, that's gonna be 926 00:42:01,680 --> 00:42:04,399 Speaker 1: it for this episode. For folks who want the show 927 00:42:04,440 --> 00:42:07,799 Speaker 1: notes links to anything we mentioned, including that formula for 928 00:42:07,880 --> 00:42:10,640 Speaker 1: how to calculate your hourly rate, which is huge and 929 00:42:10,719 --> 00:42:12,560 Speaker 1: helping make some of these decisions. Will will have all 930 00:42:12,640 --> 00:42:15,040 Speaker 1: that info up on our website at how to money 931 00:42:15,040 --> 00:42:17,799 Speaker 1: dot com. That's right. And one other thing. Maybe this 932 00:42:17,880 --> 00:42:19,680 Speaker 1: is the first time you're listening to How to Money. Well, 933 00:42:19,680 --> 00:42:21,480 Speaker 1: if so, make sure that you hit subscribe so that 934 00:42:21,480 --> 00:42:24,320 Speaker 1: you don't miss future episodes. This is a Wednesday episode 935 00:42:24,320 --> 00:42:26,719 Speaker 1: where we typically dive deep on a particular topic, but 936 00:42:26,760 --> 00:42:29,000 Speaker 1: on Friday's we tend to cover the week's news, and 937 00:42:29,040 --> 00:42:31,560 Speaker 1: we like to talk specifically how some of the different 938 00:42:31,600 --> 00:42:34,440 Speaker 1: headlines out there, how they are going to impact your money. 939 00:42:34,480 --> 00:42:36,040 Speaker 1: And so if you go ahead and hit subscribe now, 940 00:42:36,080 --> 00:42:38,160 Speaker 1: you can look forward to one of those episodes showing 941 00:42:38,200 --> 00:42:40,800 Speaker 1: up in your podcastch Er in a couple of days, Joel, 942 00:42:40,880 --> 00:42:43,160 Speaker 1: that's gonna be it for this episode, Buddy, Until next time, 943 00:42:43,520 --> 00:42:45,439 Speaker 1: Best Friends Out, Best Friends Out,