Speaker 1: Welcome to How the Money. I'm Joel, I'm Matt, and
Speaker 1: today we're discussing when to d I y or hire
Speaker 1: a pro. I see, I caught you off guard a
Speaker 1: little bit with my introduction. I like you when you
Speaker 1: shake things out to the show instead of the I
Speaker 1: Matt uh sometimes like to keep it short and sweet.
Speaker 1: I'm Matt, and welcome to How the Money. Today we're
Speaker 1: talking about Yeah, we're talking about d I y ng
Speaker 1: it because Joel, you and I are frugal dudes, and
Speaker 1: we tend to be borderline cheap, and oftentimes what that
Speaker 1: can lead us is down this path of d I
Speaker 1: y ng things when instead we should be hiring a pro.
Speaker 1: And then on the flip side, sometimes we are automatically thinking, oh,
Speaker 1: you gotta hire a pro for that. I don't know
Speaker 1: anything about that, but when in reality there are ways
Speaker 1: that we could save a lot of money by doing
Speaker 1: it ourselves. I think, especially in today's society, there are
Speaker 1: a lot of people that prioritize that prize convenience, and understandably,
Speaker 1: so I think we lead busier lives. I don't know
Speaker 1: if that's a good thing, but I think it's a
Speaker 1: true thing. And so hiring people, hiring more services, and
Speaker 1: hiring a pro more frequently become starts to become the default,
Speaker 1: starts to become the norm, and so we want to
Speaker 1: question that too. So in today's episode, we're gonna try
Speaker 1: to provide somewhat of a framework for thinking through some
Speaker 1: of these decisions. But Matt, before we get to that,
Speaker 1: I saw commercial on TV the other day for something
Speaker 1: that I thought was long dead, and yet it remains.
Speaker 1: The penny bidding websites. Do you know what those are?
Speaker 1: Have you seen penny auctions? Yes, so, like ten twelve
Speaker 1: years ago, those were a thing. And what you do
Speaker 1: is you buy like a bunch of bids. They seem
Speaker 1: really really inexpensive, and you you stockpile these bids on
Speaker 1: these websites and you're bidding for things like, I don't know,
Speaker 1: like Apple laptops or headphones or different tech sort of items.
Speaker 1: That camera, yes, and that camera might sell for sixty
Speaker 1: dollars when it's actually worth seven fifty dollars and it
Speaker 1: seems like a deal. But the problem is is not
Speaker 1: the final price that is incredibly cheap. It's that you're
Speaker 1: paying money with every single bid to try to win
Speaker 1: that item. And the clock gets reset every time somebody
Speaker 1: bids exactly every time there's a bit well on like
Speaker 1: deal Dash in particular, that's a real popular one. Like
Speaker 1: I think every time you bid, it just raises the
Speaker 1: you know, the price of the item only by one cent,
Speaker 1: but it also adds ten seconds to the remaining time
Speaker 1: on the ticker. Uh. It is not like an eBay
Speaker 1: auction where the end time is the end time. The
Speaker 1: end time continues to get reset and you continue to
Speaker 1: plunk money down hoping that you're going to get it
Speaker 1: discounted whatever it is item, and you almost always lose. Yeah.
Speaker 1: I think the term that comes into play here is
Speaker 1: sunk cost fallacy, because you think, oh, well, I've I've
Speaker 1: put so many bids on this one item, I can't
Speaker 1: give up now, and so you continue to bid on it.
Speaker 1: And with deal Dash in particular, each one of those
Speaker 1: bids cost thirteen cents, which, yeah, like you said, doesn't
Speaker 1: seem like much money at all. But all of those
Speaker 1: bids added up on top of the fact that you
Speaker 1: are trying to compete with these other folks trying to
Speaker 1: get the side and for really cheap, it is not
Speaker 1: a good way to get a deal. Uh. And I
Speaker 1: saw somebody once right about it. How it's a decent
Speaker 1: form of entertainment, right, like in the same way that
Speaker 1: going y, Like if you want to go and gamble
Speaker 1: your money away and there's a chance that you might
Speaker 1: get a big payoff, there's a chance you might get
Speaker 1: a deal. But it is not like uh, deal News
Speaker 1: or slick deals, you know, a place where you can
Speaker 1: go where you can expect to get a good discount
Speaker 1: on an item. Uh. It's definitely more like, yeah, it's
Speaker 1: like a slot machine. Yeah, exactly, like the online version
Speaker 1: of a slot machine. So it's just one of those
Speaker 1: things where I saw that commercially other day and I
Speaker 1: was like, I can't believe those still exist, Like I
Speaker 1: thought those have been eradicated from the Internet, but sadly
Speaker 1: they're not. They're not. There's still a bunch of out
Speaker 1: there well. And the thing is too, if you look
Speaker 1: them up, they get good reviews, Like they have nice
Speaker 1: positive reviews on Facebook or trust Pilot, like different sites
Speaker 1: that you would go to and check the legitimate to
Speaker 1: see of a site or a companies. It is. It's
Speaker 1: incredibly surprising because ultimately what they're doing, it's not illegal.
Speaker 1: It's just kind of like a misrepresentation of what it is,
Speaker 1: right because, like we said, you go there, you're expecting
Speaker 1: a deal, but in the end you're not walking away
Speaker 1: oftentimes with the deal. Uh. And if you are getting
Speaker 1: a deal, that meant that there is like a whole
Speaker 1: wine of people behind you that fail to get a deal.
Speaker 1: Oftentimes you are spending a lot of money for the
Speaker 1: opportunity to perhaps buy the item. It's like being not guaranteed.
Speaker 1: It's like being the eighth friend in your friend group
Speaker 1: to start selling Lula ro leggings. That's basically the position
Speaker 1: you're put in, Like, oh man, what do you participate
Speaker 1: in any penny bid websites? But Matt, let's I gotta
Speaker 1: find some new friend. Let's move on. Let's mention the
Speaker 1: beer that we're having on the show today. This one
Speaker 1: is called rind Over Matter. It's why Bell's Brewing and Chris,
Speaker 1: who works for Bells, dropped these off for us. So Chris,
Speaker 1: we appreciate it. Looking forward to giving our thoughts on
Speaker 1: this at the end of the episode. But for now,
Speaker 1: let's move on. Let's get to the topic at hand.
Speaker 1: To d I y or to are someone for the job.
Speaker 1: I can almost hear Hamlet saying it in his to
Speaker 1: be or not to be? And you're getting a little theatrical.
Speaker 1: I never did any stage play. Did you ever know
Speaker 1: a kid? I did? We have a place in Atlanta
Speaker 1: called the Shakespeare Tavern. I love going there, although since
Speaker 1: I probably haven't been in like three years, but it's
Speaker 1: a delightful place to see a show. Um. But yeah,
Speaker 1: this question of hiring someone to do the job for
Speaker 1: you or doing it yourself, it's not not nearly as
Speaker 1: existential as the question that Hamlet poses, and which is
Speaker 1: just like brilliant writing right there. But it's it's a
Speaker 1: Shakespeare I believe was the who penned it to the
Speaker 1: Bart he's a smart guy. But it's it's one that
Speaker 1: we all increasingly find ourselves asking. Right. There's apps and
Speaker 1: websites that offer to make our lives more and more
Speaker 1: convenient for a price, of course, And there's no need
Speaker 1: to scour the yellow pages like in the days of old.
Speaker 1: You just open the app, you find the highest rated
Speaker 1: person at the rate you're willing to pay, and you
Speaker 1: hire them immediately. And Matt, you and I were not
Speaker 1: against paying for convenience. We believe that time is more
Speaker 1: valuable than money, right, Yeah, we would say that, but
Speaker 1: these conveniences can also act like a vortex sucking away
Speaker 1: are valuable dollars which took time to earn. So we
Speaker 1: kind of talk about how to deal with this conundrum today. Matt,
Speaker 1: that's right, and so of course you want to make
Speaker 1: sure that you're doing things right, which is why we
Speaker 1: often will revert to hiring your pro but it also
Speaker 1: it can get expensive if you're constantly paying for professional help,
Speaker 1: like if you're going to hire a doctor or just
Speaker 1: you know, going to the doctor, uh to diagnose the
Speaker 1: mysterious illness, like that makes complete sense. But hiring someone
Speaker 1: maybe to mow your lawn or to clean your house,
Speaker 1: like these are are more of activities and chores that
Speaker 1: are kind of in a gray zone because if you're
Speaker 1: able bodied, like those are things that you could easily
Speaker 1: do yourself. And so in this episode, we want to
Speaker 1: establish a helpful framework for making these decisions. And there
Speaker 1: are good folks who with different income levels and different
Speaker 1: goals and expenditures who will likely differ on which route
Speaker 1: that they take when it comes to the different d
Speaker 1: I Y versus the outsourcing questions you know that pop
Speaker 1: up in their lives. There is no silver bullet right answer,
Speaker 1: but there are ways that we can think through the
Speaker 1: questions in order to make sure that we come to
Speaker 1: a consistently better decisions for ourselves and our our own
Speaker 1: personal finance situations. Most definitely, research shows that people who
Speaker 1: prioritize time over money are actually happier at the end
Speaker 1: of the day. There was a Harvard professor, Ashley Willens,
Speaker 1: who did some research and she found that hiring out
Speaker 1: small tasks like home cleaning can actually provide real value
Speaker 1: for a lot of folks. So we don't want to
Speaker 1: dismiss that altogether, and it actually increases levels of happiness,
Speaker 1: and that's that's more support for the fact that time
Speaker 1: is more valuable than money. Like I think for folks
Speaker 1: who may not have a whole lot of money, they're thinking, no,
Speaker 1: money is more valuable than the time right now. But ultimately,
Speaker 1: I mean, the main argument behind this is the fact
Speaker 1: that we all have a very finite amount of time
Speaker 1: here on this earth, whereas money there it's it's very
Speaker 1: open ended. There's an infinite, almost infinite amount of money
Speaker 1: that you could make potentially, whereas we know that we're
Speaker 1: not gonna live forever exactly, but that doesn't mean, right
Speaker 1: that we should all bring a cleaning crew in our
Speaker 1: house to scrub the base sports every week and to
Speaker 1: tidy up after us and just live a slovenly life
Speaker 1: and and have the maid on duty at all hours
Speaker 1: of the day while also being completely broken. Right, Right,
Speaker 1: It's important to remember how high the price of convenience
Speaker 1: can become. And that's really on multiple levels. I'm not
Speaker 1: talking just monetarily. Convenience spending tends to be get more
Speaker 1: convenient spending the more we become accustomed to something, the
Speaker 1: more we tend to gravitate in that direction. You start
Speaker 1: doing it in one area, and it's just easy to
Speaker 1: let it bleed into other areas of your life. Like,
Speaker 1: let's come back to that house cleaning example. Did you
Speaker 1: hire someone to start cleaning your house on a regular basis?
Speaker 1: Now it's probably gotten just a little bit easier to
Speaker 1: hire out that grocery delivery service, and so there can
Speaker 1: be kind of this domino effect when it comes to convenience,
Speaker 1: and at some point the bleeding has to stop, right, Yeah,
Speaker 1: it's a slippery slope once you start to go down
Speaker 1: this path of hiring out for convenience and paying for
Speaker 1: things to be done for you. But it's also important
Speaker 1: to to keep in mind that the actual costs of
Speaker 1: goods themselves are going to go up when you prioritize
Speaker 1: convenience as well. So Joel, going with that grocery delivery
Speaker 1: example you just gave, you're gonna be paying more for
Speaker 1: the groceries. You know, your pairs and your potatoes if
Speaker 1: you choose to have those delivered instead of picking the
Speaker 1: Mountain person yourself. And so that's on top of the
Speaker 1: delivery fees that you're also going to be paying. And
Speaker 1: so with that in mind, your grocery bill could come
Speaker 1: close to doubling if you opt to take the convenient route.
Speaker 1: It's important to go into that convenience upgrade in your
Speaker 1: life with your eyes wide open. But just because it
Speaker 1: costs more, it doesn't mean that this is an inherently
Speaker 1: a bad decision. But coming to grips with what you
Speaker 1: are paying for that added convenience is going to be crucial.
Speaker 1: You just don't want to trick yourself into thinking that
Speaker 1: this is a good investment because I'm getting time back.
Speaker 1: Don't bring the eye word and you know, I know
Speaker 1: my mom always like she she I've given her grief
Speaker 1: away too many times about using the eye word, calling
Speaker 1: something an investment that's actually just a consumer purchase. You
Speaker 1: are consuming that, And she'll say it, and then she'll
Speaker 1: correct ourselves and she'll be like, I know, I know
Speaker 1: what you're gonna say. Don't say it, sorry, Mom, But yeah,
Speaker 1: let's let's discuss the framework that we think is most
Speaker 1: helpful when you're deciding whether or not to d I,
Speaker 1: Y or hire something. And we think that if you're
Speaker 1: too frugality minded, you're gonna end up wasting your time
Speaker 1: in order to try to pinch every single penny. You'll
Speaker 1: probably find that you'd be better off and that your
Speaker 1: life would be a little bit happier if you would
Speaker 1: just loosen the purse strings a little bit more and
Speaker 1: pay for a convenience and and outsource something hire a
Speaker 1: pro a little more often. You might even have more
Speaker 1: time to dedicate to building your business or starting a
Speaker 1: passion project that could eventually significantly increase your income. But
Speaker 1: on the flip side, if you outsource too many things
Speaker 1: to the pros, if you do take that slippery slope
Speaker 1: that we just talked about. It could cramp your budget
Speaker 1: in a big way. You might find that you're not
Speaker 1: able to save or invest as much as you like.
Speaker 1: You might even find that you are going into debt
Speaker 1: in order to fund the hiring of these pros when
Speaker 1: you could be doing some of these things yourself. So
Speaker 1: for us, it's that frugal versus spendthrift. That's the framework
Speaker 1: we're going to use in this episode to discuss when
Speaker 1: it makes sense and when it doesn't. Hire that task out. Yes,
Speaker 1: So being frugal versus spendthrift and kind of finding that
Speaker 1: middle ground is what will be you know, keep coming
Speaker 1: back to in this episode. It makes me think of
Speaker 1: two When I was starting out as a landlord, I
Speaker 1: certainly was attempting to do everything myself. Uh, And I
Speaker 1: was spending a lot of time fixing things. I learned
Speaker 1: a lot during that period of life. Uh, And I'm
Speaker 1: glad I did it for that that period of time.
Speaker 1: But now I hire out almost everything. When it comes
Speaker 1: to the different properties. For me to to spend time
Speaker 1: just diagnosing and repairing every single problem that's going to
Speaker 1: rise to the surface on these different rental properties around
Speaker 1: town is gonna mean losing out in other important areas
Speaker 1: of my life. There's things that are more important at
Speaker 1: this point in time, right like building this business, doing
Speaker 1: stuff with the family, personal goals. These are all things
Speaker 1: that are important that we all have to keep in
Speaker 1: mind as we're trying to find that balance ourselves. Uh.
Speaker 1: And just at this point to in my life, I'm
Speaker 1: just in a different life phase. Uh. And if I
Speaker 1: were to maybe be too frugal, this would actually keep
Speaker 1: me from accomplishing some of those other goals. And so
Speaker 1: that's what we want to encourage you to keep in
Speaker 1: mind as you're trying to decide whether you're gonna d
Speaker 1: I Y something or whether you're gonna hire a professional. Yeah, Mat,
Speaker 1: I've definitely encountered, especially in the business we're in. The
Speaker 1: people we hang out with a lot of money nerds
Speaker 1: people run the spectrum, but there are a lot of
Speaker 1: super frugal people in our community. And I appreciate it
Speaker 1: because at heart, I'm a very frugal person. But sometimes
Speaker 1: that frugality, like I've heard people talk about, I don't
Speaker 1: know if I want to pay to go to that conference. Uh,
Speaker 1: it's gonna be a few hundred dollars to pay for
Speaker 1: the conference, a few hundred dollars for the hotel, a
Speaker 1: few hundred dollars to the flight. You're talking a thousand
Speaker 1: dollars at the end of the day. But I guess
Speaker 1: the question I want to ask a lot of those
Speaker 1: people is, couldn't you easily get a thousand dollars of
Speaker 1: value out of that conference? Like what are you going
Speaker 1: there for? What are you trying to achieve? And so similarly,
Speaker 1: you don't want to be too frugal and avoid a
Speaker 1: big opportunity because it's gonna cost you some money. Um,
Speaker 1: And so yeah, we'll get to more about how you
Speaker 1: make a decision between doing it yourself or hiring someone
Speaker 1: else to do that task for you, how you actually
Speaker 1: come to that determination. We'll discuss more after this break.
Speaker 1: All right, gentle, we're back for the break, and so
Speaker 1: let's go ahead and talk about the different ways to
Speaker 1: determine whether you should hire someone or stick to the
Speaker 1: d I y route. And before we get like super
Speaker 1: nuts and bolty with it, you're gonna say, lick your fingers,
Speaker 1: stick it in the air, see which way the winds blowing,
Speaker 1: and then trust your guts, leaving a chance. What is
Speaker 1: dinner from last night telling you, like in your dreams
Speaker 1: what you should be doing. Uh. No, Like we are
Speaker 1: going to get get more practical with it. But one
Speaker 1: of the things I think it's worth mentioning is to
Speaker 1: keep in mind that paying for convenience it can cost
Speaker 1: us more than just money, right, more than just dollars.
Speaker 1: Let's kind of take a step back here for a second.
Speaker 1: Our modern society, it's just built in so many ways
Speaker 1: around the idea of convenience and specialization as well. For instance,
Speaker 1: most of us don't grow or kill all of our
Speaker 1: own food. There's a level of convenience that we have
Speaker 1: inherited where there's a pretty small number of farmers who
Speaker 1: grow food for us, and then they ship it off
Speaker 1: to the grocery stores and we go there and we
Speaker 1: purchase it with our money. It's easier to do this, Yes,
Speaker 1: and like this is a good thing because it's a
Speaker 1: lot easier, uh, And it's way more efficient versus us
Speaker 1: making our own food, our own clothing, our own homes.
Speaker 1: But I often think if I had to live back
Speaker 1: in the day, I would not have survived. I'm pretty
Speaker 1: sure I wouldn't. Like, they didn't have podcasting back then,
Speaker 1: so but you would have found something you you would
Speaker 1: have been good at. Maybe. I mean so, I wanted
Speaker 1: to mention that because I feel like we've taken convenience
Speaker 1: just beyond the realm of just specialization, because the most
Speaker 1: convenient things are often just worse for us in many
Speaker 1: other ways. I think that they can often make us lazier,
Speaker 1: you know, or at least like more unhealthy. And like,
Speaker 1: for instance, like I think about fast food, it's obviously
Speaker 1: gonna be worse for you than like most any meal
Speaker 1: that you would cook for yourself at home. Uh, And
Speaker 1: so just think about the other side effects of prioritizing
Speaker 1: too much convenience. Were making the argument that it can
Speaker 1: you know, atrophy useful skills that we know, were you
Speaker 1: to push through the pain, that that would help you
Speaker 1: to hone. You know, these are skills that make us
Speaker 1: just engaged and more well rounded individuals and citizens. And
Speaker 1: I know that's definitely what I'm looking for more of
Speaker 1: in my own life. All Right, it's homemade McRib sandwiches
Speaker 1: from my family's night then Matthew, we're not going out
Speaker 1: for him. But yeah, I think you make a good point.
Speaker 1: I think inconvenience can actually be good for us in
Speaker 1: so many situations in life. And yeah, I think you
Speaker 1: can take that to the extreme and you could say,
Speaker 1: I'm gonna go purposely getting a traffic jam because inconvenience
Speaker 1: is good. But no, that's not what we're saying, No exactly,
Speaker 1: But yeah, there's this sweet spot when it comes to
Speaker 1: paying for conveniences in our lives, and if you let
Speaker 1: that pendulum swing too far to one side or the other,
Speaker 1: it's likely to have those other negative of side effects.
Speaker 1: And yeah, that's why we're fans of getting on our bikes,
Speaker 1: let's say, for short and medium rides in particular. Sometimes
Speaker 1: we get there just as fast, but not always, and
Speaker 1: it takes a bit more planning, especially as the weather
Speaker 1: is getting colder and I gotta put on my gloves,
Speaker 1: like I gotta, I gotta gear up before those rides,
Speaker 1: uh these days. But those inconveniences, when they're embraced, actually
Speaker 1: become beneficial for me from health and a lifestyle perspective,
Speaker 1: even though I lose a few minutes here and there.
Speaker 1: So yeah, we would say, look at the trade offs
Speaker 1: you're making when you opt for convenience over the more
Speaker 1: inconvenient choice, because some of those things that you're gonna
Speaker 1: be missing. They're not worth it's not worth giving those up. Yeah,
Speaker 1: I mean especially, I mean I feel like health is
Speaker 1: one that you could eventually quantify, like twenty thirty years
Speaker 1: down the road. But your health is just one of
Speaker 1: those things where there are it's the accumulation of tiny
Speaker 1: little decisions all along the way that lead to a
Speaker 1: healthier outcome. If you can't say that this action leads
Speaker 1: to this outcome, it's something that it's just a little
Speaker 1: more ambiguous, even though there are certainly direct, hard costs
Speaker 1: down the road when it comes to our health. Yeah,
Speaker 1: I saw a stat recently, Matt that I think more
Speaker 1: people smoked for the first time in twenty years, like
Speaker 1: the uptick. There was an uptick in the amount of
Speaker 1: people smoking cigarettes. And when you think about it, one cigarette,
Speaker 1: it's probably not a big deal, but it's that one
Speaker 1: cigarette every day or five cigarettes every day, the accumulation activity.
Speaker 1: And it's the same thing with that one bike gride.
Speaker 1: It's like, well, one bike ride is not gonna make
Speaker 1: a big difference, but it's at one bike ride, all
Speaker 1: those bike rides added up is going to make a
Speaker 1: massive difference. Yeah, And so there are some of these intangibles,
Speaker 1: and for you, it's gonna vary because there are different
Speaker 1: things that we all get out of certain activities. Like
Speaker 1: I even think about certain kind of mindless, you know,
Speaker 1: drone like activities that you might be like, oh, I
Speaker 1: am too good for that, Like I need to put
Speaker 1: my mind to use, I need to put my body
Speaker 1: to use doing other things. But like even just think
Speaker 1: about the fact that there are things that we can
Speaker 1: do that allows us to decompress where our minds aren't engaged.
Speaker 1: And oh, it turns out that leads to maybe being
Speaker 1: able to get a better night's sleep because you've had
Speaker 1: a period of time where you were able to reflect
Speaker 1: on the day. There are different things that are built
Speaker 1: into some of the different types of work that we
Speaker 1: do that aren't directly correlated to money, and so we
Speaker 1: want you to keep those things in mind. Get a
Speaker 1: chance to think more deeply about something as supposed to
Speaker 1: just shallow Twitter style thoughts exactly. Uh okay, So that's
Speaker 1: more like a more philosophical way of approaching how to decide,
Speaker 1: you know, if you're gonna pay somebody to to take
Speaker 1: care of something for you. But let's kind of get
Speaker 1: a little more practical with it, and we want you
Speaker 1: to count the cost, like the upfront costs associated with
Speaker 1: whatever it is that you're looking to spend on services.
Speaker 1: In particular, it's not just the sixty dollars every two
Speaker 1: weeks for that long service. Instead, we want you to
Speaker 1: run the numbers and confront the true recurring costs of
Speaker 1: this decision. And so if you do the math on that, like,
Speaker 1: over the next five years, this quote unquote convenience, that's
Speaker 1: gonna cost you about seven thousand dollars, Whereas you know,
Speaker 1: were you to mow it yourself, like that is going
Speaker 1: to cost you some time and a little bit of
Speaker 1: money for a mower and some maybe some gas. And
Speaker 1: so let's call it. That's still a ton of money.
Speaker 1: That's the cost of a nice used car, that's the
Speaker 1: cost of a of a really nice vacation. And plus
Speaker 1: if you invested that money instead, it would be growing
Speaker 1: on your behalf, uh and you would see it grow
Speaker 1: to even larger amounts. And so it's worth asking, is
Speaker 1: you know, not having to mow your own lawn, is
Speaker 1: that going to be worth thousands of dollars? Well, it
Speaker 1: just depends. I can't answer that for you like it
Speaker 1: might be, but it may not be worth it for you.
Speaker 1: But at least do yourself the favor of just starting
Speaker 1: down some you know, with some realistic numbers of what
Speaker 1: this choice is actually going to be costing you over time. Yeah,
Speaker 1: you want to face those numbers head on, because if
Speaker 1: you don't, you're you're likely to leak money like a
Speaker 1: sieve in the name of convenience when maybe it's not
Speaker 1: actually worth it to you. And that there are times
Speaker 1: in my life that I would have never even dreamed
Speaker 1: of paying someone to mow my lawn. It seemed idotic.
Speaker 1: I was like, who does that? Who are these people
Speaker 1: that pay? But that that was like before kids, my
Speaker 1: life looked a lot different. I had a lot more
Speaker 1: time on my hand, and I didn't mind getting out
Speaker 1: there in the yard as much. Back then, you're saying,
Speaker 1: is time worth more than exactly exactly? But while I
Speaker 1: still do like to cut my grass, there are times
Speaker 1: that I have someone else do it if I've got
Speaker 1: too much going on in my life or and it's
Speaker 1: not even doesn't have to be anything like super important.
Speaker 1: Sometimes it's just like, you know what, Saturday, We're gonna
Speaker 1: do a full on family day we're going for a hiking,
Speaker 1: which is super important, really needs to be mode, and
Speaker 1: I'm just not going to do it this week. I
Speaker 1: still like to make d I y ing it like
Speaker 1: my my number one default, but I'm willing to be
Speaker 1: flexible based on kind of what's happening in my life
Speaker 1: at the moment. And so, yeah, even though it's helpful
Speaker 1: from a behavioral standpoint, it access this deterrent just blindly
Speaker 1: hiring out that task on a recurring basis like having
Speaker 1: someone on the calendar every two weeks to mode the
Speaker 1: lawn is like you said, it's gonna add up. But
Speaker 1: if I do it when I need it on demand
Speaker 1: as opposed to making it a regular thing, it means
Speaker 1: I'm less likely to do it as often. And I
Speaker 1: kind of like being forced into making that decision. Yeah,
Speaker 1: it's it's almost like going to like a nice resort
Speaker 1: on vacation where it's all inclusive. It's like you're going
Speaker 1: to spend a lot more money, So you're losing on
Speaker 1: that front, you know, when it comes to money. But
Speaker 1: you're also losing unless you drink as much of My
Speaker 1: brother in law does, well, I think he gets his money.
Speaker 1: He's worth but then he's losing on the other end
Speaker 1: of it, you know what I'm saying, Like, like he
Speaker 1: probably leaves those trips and he's just like, I'm just
Speaker 1: but he's not that. But I have also been on
Speaker 1: these trips and I've thought to myself, you know what,
Speaker 1: like it was kind of fun in the moment, but
Speaker 1: I kind of regret it in those instances. I wish
Speaker 1: instead to have had that money and to have made
Speaker 1: those choices all along the way, sort of you know,
Speaker 1: more Alec Hart style, doing it as needed, if it
Speaker 1: was on demand. And I think oftentimes instead of hitting
Speaker 1: the unlimited patrone button, it sounds like your brother in
Speaker 1: law maybe hit up to Loom or some other Mexican destination.
Speaker 1: But the problem, I think, man, is that oftentimes, like
Speaker 1: we're not just we're not taking the time to do
Speaker 1: to to like reflect at all. Right, We're not hitting pause,
Speaker 1: We're not considering these costs. We're only looking at what
Speaker 1: we can afford in the moment, which means by default
Speaker 1: we're becoming like payment buyers. Right, We're only looking at
Speaker 1: the here now, We're not looking at those long term
Speaker 1: effects of these small expenses all added up. Uh, And
Speaker 1: so instead, like you said, it's worth it to sit down,
Speaker 1: actually do the math, crunch the numbers, which leads me
Speaker 1: to another point too. I think sometimes it's too complicated,
Speaker 1: like folks are like, well how do I How am
Speaker 1: I going to calculate what this is gonna mean for
Speaker 1: me down the road? Uh? And this is where we
Speaker 1: want to reintroduce folks to the rule of one seventy three,
Speaker 1: which is simply put, if you have a monthly expense
Speaker 1: and you want to know what that money were to
Speaker 1: do if instead of spending it, if you invested it
Speaker 1: in the stock market, well we can tell you what
Speaker 1: that would be after ten years were you to just
Speaker 1: take that expense and multiply it by hundred seventy three.
Speaker 1: And so, for instance, car detailing, this is a service
Speaker 1: that I do not pay for. I will spray my
Speaker 1: own van down with the hose and wipe it with
Speaker 1: a sponge as needed. But some mine is greatly in
Speaker 1: need of right now? Is it? Bring it over? Many,
Speaker 1: let's wash it washing this weekend. Make the kids do it.
Speaker 1: But they can't reach up top. That's the problem there.
Speaker 1: Car detailing can be so expensive. I was looking at
Speaker 1: some prices around here around Atlanta. Uh And some folks
Speaker 1: pay a hundred and fifteen bucks a month for car detailing.
Speaker 1: And so let's do some simple math. You do a
Speaker 1: hundred fifteen dollars times a hundred seventy three. If you
Speaker 1: were to forego having your car look perfect and spotless,
Speaker 1: you know, without any bird crap on it at all,
Speaker 1: you would have around twenty tho dollars at the end
Speaker 1: of ten years. It's not bad. That is a serious
Speaker 1: amount of money for just your car looking a little
Speaker 1: bit nicer than your neighbors. So we just want you
Speaker 1: to keep that number in mind. A hundred and seventy three.
Speaker 1: Multiply that by whatever monthly expense you have to see
Speaker 1: what that money would grow to after ten years. It
Speaker 1: just gives you a better realization of the trade off
Speaker 1: that you're actually making in the moment. We want folks
Speaker 1: to face the facts exactly. And another fact that needs
Speaker 1: to be faced when we're talking about whether we're gonna
Speaker 1: d I Y or hire a task out is do
Speaker 1: you even have the money to spend on hiring someone? Right?
Speaker 1: Because if you don't have money in your budget, then
Speaker 1: this becomes kind of Nolan void. It becomes not a
Speaker 1: debate anymore, we would say, don't go into debt for
Speaker 1: food delivery, or for that house cleaning, or for that
Speaker 1: card detail. If you already have credit card debt that
Speaker 1: you're working to pay off, it's important to neglect these
Speaker 1: conveniences for the time being. The frugal route is really
Speaker 1: the only one that can and should make sense for
Speaker 1: you at this point in your money journey. You can't
Speaker 1: afford to go the spendthrift route. You know. More choices
Speaker 1: to incorporate added convenience into your life will open up
Speaker 1: as you begin to pay off that debt, but for
Speaker 1: the time being, you're just not ready to prioritize any
Speaker 1: of those other expenditures. You have to be focused, intently
Speaker 1: focused on making sure that that debt is of utmost priority.
Speaker 1: That's rights. Another way that you can determine whether you
Speaker 1: should d I WYATT or higher pro is by assessing
Speaker 1: your own skill level. For instance, if you're not entirely handy,
Speaker 1: then it might not make a whole lot of sense
Speaker 1: for you to attempt to say d O Y a
Speaker 1: small home project and definitely not a large home project. Yeah,
Speaker 1: I mean, if you were to do that, it's probably
Speaker 1: going to feel like you're just constantly swimming up stream
Speaker 1: and things aren't just gonna work out the way you're
Speaker 1: probably hoping that they would. There will be some instant
Speaker 1: says where you're going to just have to prioritize hiring
Speaker 1: a professional because in an effort to save money and
Speaker 1: being frugal, you might accidentally cross over into that cheap
Speaker 1: territory and this could end up actually costing you more
Speaker 1: money down the road, like pretending you're an amateur electrician
Speaker 1: and then you end up in the hospital they were
Speaker 1: burning down your house, right, And so we want to
Speaker 1: make it clear that hiring folks with expertise can potentially,
Speaker 1: you know, save you money, especially if you don't have
Speaker 1: some specific knowledge that takes a long time to acquire.
Speaker 1: For instance, I'm thinking about like hiring an accountant could
Speaker 1: easily pay for itself. We have, i mean, for years old.
Speaker 1: This is one of those professions related to personal finance
Speaker 1: that we think is worth the money. With changing tax
Speaker 1: laws and all the other nuances to consider. If you
Speaker 1: have a more complicated tax situation, hiring a tax professional
Speaker 1: could seriously help you out. Jaw. Another example I'm thinking
Speaker 1: of that I've been wrestling with more recently, is okay? Now,
Speaker 1: we've kind of talked about building out a small master
Speaker 1: bathroom in our house, and I am fairly confident in
Speaker 1: my abilities to look it up watching too to Reels.
Speaker 1: Call up a friend if I run into any issues.
Speaker 1: I think I could get it done. Fly Carl Chensen
Speaker 1: down because he knows what's up. He can do some
Speaker 1: construction tourism. Come visit us down here in Atlanta. That's
Speaker 1: Mr by the way, who he had recently on the show.
Speaker 1: But just because I can get something done doesn't mean
Speaker 1: that I'm going to be able to get it done
Speaker 1: well right, or that I'm going to be able to
Speaker 1: do it artfully. Sure, I might be able to put
Speaker 1: you lay out the tile, uh, and technically it is correct.
Speaker 1: It is not going to move, It is not going
Speaker 1: to leak or crack. I don't know all the things
Speaker 1: that tile shouldn't be doing. But that doesn't mean that
Speaker 1: it's gonna look really good in the shower because it's
Speaker 1: all crooked or whatever else. It would be arrogant on
Speaker 1: my part to think that just by looking something up,
Speaker 1: even though I might technically be able to accomplish it,
Speaker 1: that I'm able to do as good of a job
Speaker 1: as a skilled tradesman with year, like a decade's worth
Speaker 1: of experience laying tile. And so that's something else to
Speaker 1: keep in mind is that just because you could do
Speaker 1: something doesn't mean it doesn't necessarily mean that you could
Speaker 1: do it well. And sometimes that's okay, Like sometimes the
Speaker 1: job doesn't have to be done perfectly, but sometimes you
Speaker 1: want you want it done really well. It depends on
Speaker 1: your own standards and kind of what the individual project is.
Speaker 1: But yeah, I think knowing your skill level is a
Speaker 1: huge part of deciding whether or not to t I
Speaker 1: Y or to outsource that project, whatever it is. And
Speaker 1: I think an example, maybe on the flip side, is
Speaker 1: hiring a financial advisor. Someone who is falls more into
Speaker 1: that spendthrift camp might just assume paying someone one percent
Speaker 1: to manage their investments makes sense. Yeah, big spender over there.
Speaker 1: And I mean, like this professional they know more than you, right,
Speaker 1: I mean, of course, yeah, they they've they have gone
Speaker 1: through years of training and they do know more than
Speaker 1: you do. But the learning curve on investing is a
Speaker 1: lot shorter than the learning curve for taxes, let's say,
Speaker 1: or for providing healthcare and going to see a doctor
Speaker 1: to diagnose your illness is that's a lot more difficult
Speaker 1: of a process than helping you the right investments. And
Speaker 1: at the same time, even if you were to hire someone,
Speaker 1: there's a good bit of learning you have to do
Speaker 1: anyway in order to know the right questions to ask.
Speaker 1: So we think on the investing front, d I Y
Speaker 1: is the best route if you want the happy medium,
Speaker 1: the pendulum in the center. Robo advisors are great in
Speaker 1: between choice and companies like Betterment and Wealth Front are
Speaker 1: awesome picks for people who are scared off completely by
Speaker 1: d I Y investing. I think robo advisors have been
Speaker 1: a nice addition to the space, but it's one of
Speaker 1: those things where knowing your skill level kind of assessing
Speaker 1: it and saying like what am I good at, what
Speaker 1: am I not good at, what can I easily learn,
Speaker 1: what can I get up to speed on pretty quickly,
Speaker 1: what is not going to be up to snuff, and
Speaker 1: then going from there when it comes to deciding when
Speaker 1: you hire something, when you do it yourself makes a
Speaker 1: lot of sense, And we have a few other considerations
Speaker 1: that we want you to keep in mind as you
Speaker 1: are going to decide whether you should d o Wyatt
Speaker 1: or whether you should hire a pro. We're gonna get
Speaker 1: to those right after this break, all right, at there's
Speaker 1: more to cover about when to d I Y, when
Speaker 1: to hire a pro, and one of the next most
Speaker 1: important considerations that someone needs to make. Again, we said,
Speaker 1: if you if you're gonna go into debt for convenience sake,
Speaker 1: that's a bad idea. But knowing your hourly rate is
Speaker 1: a huge part of knowing when it makes sense, or
Speaker 1: at least realizing how much it's actually costing you too.
Speaker 1: And yeah, when we're talking about outsourcing projects, you want
Speaker 1: to know what doll I normally get paid, what is
Speaker 1: my time kind of worth? And will actually include the
Speaker 1: formula to calculate your hourly rate in the show notes.
Speaker 1: But basically, once you've found that out, once you've figured
Speaker 1: out how much your time is worth from a work perspective,
Speaker 1: knowing that can help you make a better decision when
Speaker 1: it comes to what projects you end up tackling yourself
Speaker 1: versus which ones you're willing to leave to the pros,
Speaker 1: for example, painting room in your house. If your hourly rate,
Speaker 1: you figured it out and you say that's roughly an
Speaker 1: hour and it's gonna take you, let's say, five hours
Speaker 1: to paint that room, but the pros down the street
Speaker 1: will charge you two d and fifty dollars. Well, it's
Speaker 1: really helpful to know that the pros are going to
Speaker 1: cost you ten hours of your work at least before taxes,
Speaker 1: and framing it like that might help lead you in
Speaker 1: the right direction. It might lead you towards going to
Speaker 1: d I Y route because you're like, that's gonna cost
Speaker 1: me twice as much and I've got some free time,
Speaker 1: so I'm gonna be the one to tackle this page job.
Speaker 1: I'm not going to hire it out, but at least
Speaker 1: set you up with a simple equation to be able
Speaker 1: to make a better decision. Yeah, and then what you
Speaker 1: do with the time that you've been able to salvage
Speaker 1: is really important to be proactive with. We want you
Speaker 1: to be intentional with the time. Uh you know, I
Speaker 1: mean with all your time, but when you can associate
Speaker 1: it more clearly with money that you're spending on services
Speaker 1: that you could do yourself, it is worth thinking through
Speaker 1: how am I actually gonna spend that time in a
Speaker 1: way that's going to move the needle for for for me, personally. Uh.
Speaker 1: And on a related note, we want you to be intentionally,
Speaker 1: very intentional when it comes to your hiring because we
Speaker 1: want you to keep those areas very well defined, right
Speaker 1: Like this is similar to how we talk about spending
Speaker 1: extra money happily in just a few areas of your life,
Speaker 1: like for us, that's craft beer. Well, the same is
Speaker 1: true of bending on convenience, because we don't want you
Speaker 1: to spend you know, on all the different conveniences that
Speaker 1: you possibly can. We want you instead to maybe pick
Speaker 1: the ones that's going to create the most time. Uh.
Speaker 1: And that's going to relieve the most stress for you,
Speaker 1: that's going to give you the best return on your
Speaker 1: investments in your life. Because we all have to pick
Speaker 1: our battles and decide, you know, where it is that
Speaker 1: we're going to d I why it versus hiring it out.
Speaker 1: We just don't want you to fork over that money
Speaker 1: just because you can. We want you to pick those
Speaker 1: spots intentionally. Uh. And you know, one of the ways
Speaker 1: that you can decide is to consider the consequences were
Speaker 1: you to mess things up. Is this uh an instance
Speaker 1: where if you mess it up, it's gonna be like
Speaker 1: not that big of a deal, or in the case
Speaker 1: of like self surgery, the constance the consequences could be
Speaker 1: pretty dire, right yeah, or or in in your plumbing,
Speaker 1: not as dire as self surgery yet. But but if
Speaker 1: you did it wrong and you had to rip it
Speaker 1: all up and you had to start over, you know,
Speaker 1: it could be a whole lot of frustration. Like if
Speaker 1: you have to do the thing twice in order to
Speaker 1: get it right done right, you might have you might
Speaker 1: have thought twice about hiring the pro. But it's not
Speaker 1: gonna kill me the exactly, and it might make you stronger.
Speaker 1: But like, for instance, I had to replace the water
Speaker 1: pump and timing belt on on Homer recently, Homer's getting
Speaker 1: up there in age and it was it was time,
Speaker 1: it was leaking and there you know, you never want that.
Speaker 1: So is it physically possible for me, Joel two D
Speaker 1: I y that repair? Yes, yes it is. YouTube videos
Speaker 1: they could have helped me see the process step by step.
Speaker 1: I'm sure someone walks me along with like lovely elevator
Speaker 1: music playing in the background on how to actually perform
Speaker 1: that repair. But this sounds like an awful job. It's
Speaker 1: one that I don't want to do. And it's also
Speaker 1: one that should last for eighty thousand miles or so.
Speaker 1: It's it's something I'll likely never have to perform on
Speaker 1: this fan again. And also the likelihood of screwing it
Speaker 1: up is big, Like I could damage other system components
Speaker 1: if I don't do it properly, So like sell surgery,
Speaker 1: that could kill you if you messed up, if you
Speaker 1: were to do this incorrectly and decided to drive across town,
Speaker 1: you know, on the on the interstate, like you could
Speaker 1: potentially overheat and crack your engine or some right, And
Speaker 1: they're other how money listeners out there who might say, no,
Speaker 1: I could do that, Like I have the skill level
Speaker 1: and the knowledge and the time, and so I'm willing
Speaker 1: to replace my own water pub time. For them, not
Speaker 1: that big of a deal exactly, but for me, bigger deal.
Speaker 1: So it would take me a lot of time as well,
Speaker 1: like far more than it takes my mechanic to do.
Speaker 1: And it took my mechanic basically a full day. So
Speaker 1: I'm like, all right, yeah, if it took him a day,
Speaker 1: it's gonna take me a week. And that is that's
Speaker 1: a long time. So this, of course is a great
Speaker 1: thing for me. To let the well trained mechanic candle
Speaker 1: to hire it out, to let the pros do it.
Speaker 1: So this of course is a great thing for me
Speaker 1: to let the well trained mechanic handle. I'd be biting
Speaker 1: off more than I could chew. It's more than I
Speaker 1: feel like I could comfortably handle flying solo. And the
Speaker 1: other thing too. You mentioned that this is something that
Speaker 1: you would do so incredibly infrequently, right, And so I
Speaker 1: think that's something else to keep in mind, is that
Speaker 1: is this a skill that you could gain, and then
Speaker 1: by gaining that skill that could potentially save you more money,
Speaker 1: say next year. I mean, this is the reason why
Speaker 1: I decided to learn how to change out my own
Speaker 1: screen on my phone. Was just thinking, yeah, because for me,
Speaker 1: like I almost saw it as like the two point
Speaker 1: oh version of like changing your own oil. It's it's
Speaker 1: it's something that feels like, at least in our household,
Speaker 1: that's going to become more frequent. Were slowly, but you know,
Speaker 1: but surely acquiring more screens and more devices with a
Speaker 1: family of six, And so I believe that this is
Speaker 1: something I'm gonna be coming back to again and again. Uh.
Speaker 1: Not to mention the fact that the consequences aren't that
Speaker 1: aren't that huge? I mean, these parts aren't all that expensive.
Speaker 1: I fix it online, Like, they've got great tutorials, they've
Speaker 1: got great parts and they've got great tools, so they
Speaker 1: have everything you need to It's not too bad. No,
Speaker 1: it's not at all. And so you know, so keep
Speaker 1: that in mind as well. If it's if it's gonna
Speaker 1: be a one time thing, well you know, maybe you
Speaker 1: leave it to the pros. But if it's something that
Speaker 1: you can revisit, and if there's a multiplier effect on
Speaker 1: how much money you can save you down the road,
Speaker 1: that's something you need to keep in mind as well.
Speaker 1: And another way to decide is if you absolutely hate
Speaker 1: the task that you're looking to hire someone for. This
Speaker 1: is one of those instances where you're going to have
Speaker 1: to work really hard to be honest with yourself because
Speaker 1: you know, if you're saying, well, anything I don't want
Speaker 1: to do I hate, then my kids right there. If
Speaker 1: that's the case, like you just need a mellow out,
Speaker 1: I don't want to get dressed, just chill out a
Speaker 1: little bit. It sounds like you're being a little do dramatic,
Speaker 1: but there are all tasks, uh, you know, chores or jobs,
Speaker 1: whatever they might be, that we loathe with a passion,
Speaker 1: and that we would rather do almost anything else, including
Speaker 1: working more hours to do which a lot of us
Speaker 1: find a lot of satisfaction in our work. And so
Speaker 1: you think, oh, I would much rather work in your
Speaker 1: example earlier, Joe, I would much rather work another five
Speaker 1: hours and have these guys paint these walls so that
Speaker 1: I do not have to worry about it. And so
Speaker 1: if that's you, if you've identified something that you truly
Speaker 1: hate doing, then I believe you've identified a task that
Speaker 1: you hate. Uh. The one that comes to mind for
Speaker 1: in our household is Kate specifically hates vacuuming. Like literally,
Speaker 1: I can maybe count on one hand the number of
Speaker 1: times she's vacuumed our house since we've been married. Like,
Speaker 1: she just does not vacuum, and she does lots of
Speaker 1: other stuff. Mind you, I'm not trying to say this
Speaker 1: is something I want her to change. There's Kate watching
Speaker 1: the Telling novels. Again. There she is cooking delicious food
Speaker 1: for our entire family. Again, not that giving no. Vacuuming
Speaker 1: is something that she hates with a passion. And we're
Speaker 1: a good fit because I actually kind of like vacuuming.
Speaker 1: I'm able to put the you know, my earbuds in,
Speaker 1: listen to a podcast, just kind of mellow out. Get
Speaker 1: the floors really clean is something that we've built into
Speaker 1: our schedule. But if we weren't married, if she was
Speaker 1: married to somebody else and they also hated vacuuming, that
Speaker 1: would be something I know that she would outsource that,
Speaker 1: where she would hire a cleaning service, because she would
Speaker 1: much rather literally do anything else in the world except
Speaker 1: for vacuum floors. So whether or not you like the
Speaker 1: task at hand, your aversion to it, that's something to
Speaker 1: keep in mind as well. Definitely factors in right and yeah,
Speaker 1: we would say, once you've eliminated some regular, unnecessary expenses,
Speaker 1: some conveniences that you have been spending on, maybe that
Speaker 1: you realize I didn't actually hate that, or maybe i'd
Speaker 1: I'd rather I'd rather save that money, I'd rather hold
Speaker 1: onto it and d I y this instead of outsourcing it.
Speaker 1: We would say, it's important to find a better place
Speaker 1: for that money, and sometimes finding another play that is
Speaker 1: more meaningful to put that money can actually be the
Speaker 1: main reason to curb spending in this way. It's easy
Speaker 1: to puttle away some money if you lack meaningful goals.
Speaker 1: Five bucks here, ten bucks there doesn't seem like a
Speaker 1: big deal, But Matt and I are willing to go
Speaker 1: as far as saying that millionaires are made ten bucks
Speaker 1: at a time. It is those small decisions, like the
Speaker 1: big decisions certainly add up, but those small decisions are
Speaker 1: really meaningful over time, to like that rule of one
Speaker 1: seventy three that you mentioned, Matt, and and that is
Speaker 1: why cutting these recurring expenses are are so dang crucial.
Speaker 1: Ten or twenty bucks saved on let's say a cell
Speaker 1: phone bill every single month might not seem like much,
Speaker 1: but it makes a meaningful difference in every single small
Speaker 1: decision that you make, like that adds up. Every ten
Speaker 1: spot you save in these recurring costs can be a
Speaker 1: building block for your financial future. And so really we
Speaker 1: would say if you can get more excited about building
Speaker 1: wealth for future you, that makes it so much easier
Speaker 1: to cut back on in the here and now having
Speaker 1: those goals and then realizing that that D I Y
Speaker 1: Y projects, not only is it maybe making you better
Speaker 1: at something like giving you the ability to tackle something
Speaker 1: difficult or at least just not succumbed to the easy
Speaker 1: route that at the same time you're saving money that's
Speaker 1: going to give you more freedom, more choice decades down
Speaker 1: the road. I feel like making that connection is a
Speaker 1: major help in curbing some of that spending. Yeah, you know,
Speaker 1: going back to what we said earlier, if you're able
Speaker 1: bodied inconvenience isn't always going to be the worst thing
Speaker 1: for you. Modern conveniences are certainly nice. I'm not against
Speaker 1: an occasional fast food visit, UH cleaning service or different
Speaker 1: apps that make it easier to accomplish a whole slew
Speaker 1: of tasks. When there are four out of five adults
Speaker 1: who admit to being time poor, having too much to
Speaker 1: do and not enough time to do it, it can
Speaker 1: make sense to take advantage of some of these modern
Speaker 1: conveniences that will actually allow us more freedom to say,
Speaker 1: maybe build a business or pursue other things that are
Speaker 1: going to provide much more value in our lives. But
Speaker 1: only if we actually have the money and if we've
Speaker 1: fought through the impact of choosing the convenient path. You know,
Speaker 1: if we outsource everything UH for choosing convenience at every
Speaker 1: turn like that can have those other harmful impacts that
Speaker 1: we talked about earlier, and so appreciate the conveniences in
Speaker 1: your life that don't cost a dime. There's a lot
Speaker 1: of free things out there in the world. Question the
Speaker 1: ones that do cost money, and only incorporate the conveniences
Speaker 1: that make financial and lifestyle sense for you. Yeah, and again,
Speaker 1: everybody's going to kind of come down in different in
Speaker 1: different realms on this. Some people are going to change
Speaker 1: their own oil regularly, They're gonna mow their online, They're
Speaker 1: gonna be Captain d I Y and other listeners out
Speaker 1: there are going to be more prone to outsourcing stuff.
Speaker 1: Maybe they'll outsource just a little bit less after after
Speaker 1: listening to this, maybe they'll question a couple of those expenditures.
Speaker 1: And yeah, like one of those things, grocery delivery is
Speaker 1: is one that I think some people have quickly gotten
Speaker 1: accustomed to, and it's like, wait, now, let's question that again.
Speaker 1: Let's decide whether that's really worth it or not. So
Speaker 1: hopefully this gives you the framework for making better decisions
Speaker 1: when it comes to your time and money. But Matt,
Speaker 1: let's get back to the beer that we had on
Speaker 1: this episode. This one was from Bell's Brewing. It's called
Speaker 1: rind Over Matter. It's a wheat ale with lemon and
Speaker 1: orange zest. What was your take on one? That's right,
Speaker 1: rind Over Matter, nice little pun for us. Dad's out there,
Speaker 1: So I will I'm going to say that this is
Speaker 1: a good beer out there for folks who may not
Speaker 1: like beers. This like to me, it does not have
Speaker 1: a super beery taste to it. It kind of tastes
Speaker 1: like lemonade a little bit, like it's got a little
Speaker 1: bit of tartness going on. Uh. And so just kind
Speaker 1: of wheat beers in general that have some different flavors
Speaker 1: going on. If you're maybe at a brewery and you're
Speaker 1: with some friends and you're kind of the person who's
Speaker 1: not really into beer, but you go along with it
Speaker 1: because well, you know, my wife really likes beer, or
Speaker 1: you know my friends they really like beer, or Matt
Speaker 1: and Joel they really like beer, and so maybe I'll
Speaker 1: give this brewery a shot. Uh. Wheat beers in general
Speaker 1: it tend to be easier to approach, but certainly wheat
Speaker 1: beers that have other flavors going on, so like this one. Certainly,
Speaker 1: the first thing you notice when you drink it is
Speaker 1: that lemon kind of lemon and orange zestiness going on
Speaker 1: a little bit of lemon pucker almost meyer lemon almost
Speaker 1: kind of actually going on, but but but not like
Speaker 1: an overly it's not overly sour. It's it's almost like
Speaker 1: you kind of give it a twist of the of
Speaker 1: the rhine, right kind of. It's like the essence the
Speaker 1: of the orange or the oils from the lemon peel
Speaker 1: getting on there a little bit just to kind of
Speaker 1: give it some of those aromatics. Yeah, I think along
Speaker 1: with those Sitrus notes, it was really bright. And so
Speaker 1: I do think you're right this this beer is going
Speaker 1: to have a lot of wide appeal to people that
Speaker 1: might not otherwise get into the craft beer scene. This
Speaker 1: is a good beer to start with. And and the
Speaker 1: nice thing is bells beers get distributed I think across
Speaker 1: almost every socially, wherever you live, you you should be
Speaker 1: able to get bells. So if you're one of those
Speaker 1: people who listens and you're like, I only listen for
Speaker 1: the money advice, which there are definitely some of you
Speaker 1: out there, we appreciate you bearing with listen to the
Speaker 1: beer stuff. If you wanted to give it another shot,
Speaker 1: this might be one to try. That's right, and we're
Speaker 1: really gonna talk about beer for thirty more seconds, so
Speaker 1: bear with us. But I want to highlight the fact
Speaker 1: that this is a beer that is not an I
Speaker 1: p A. There is like no hot bitterness going on
Speaker 1: with this beer. And so if you have found yourself
Speaker 1: turned off to the different I p as, New England,
Speaker 1: Hazy I p A s, West Coast i pas, all
Speaker 1: the different styles that we like to talk about certainly
Speaker 1: go in the direction of wheat beers. It is a
Speaker 1: very different beer than than what we often have on
Speaker 1: the show, no doubt. All right, Matt, that's gonna be
Speaker 1: it for this episode. For folks who want the show
Speaker 1: notes links to anything we mentioned, including that formula for
Speaker 1: how to calculate your hourly rate, which is huge and
Speaker 1: helping make some of these decisions. Will will have all
Speaker 1: that info up on our website at how to money
Speaker 1: dot com. That's right. And one other thing. Maybe this
Speaker 1: is the first time you're listening to How to Money. Well,
Speaker 1: if so, make sure that you hit subscribe so that
Speaker 1: you don't miss future episodes. This is a Wednesday episode
Speaker 1: where we typically dive deep on a particular topic, but
Speaker 1: on Friday's we tend to cover the week's news, and
Speaker 1: we like to talk specifically how some of the different
Speaker 1: headlines out there, how they are going to impact your money.
Speaker 1: And so if you go ahead and hit subscribe now,
Speaker 1: you can look forward to one of those episodes showing
Speaker 1: up in your podcastch Er in a couple of days, Joel,
Speaker 1: that's gonna be it for this episode, Buddy, Until next time,
Speaker 1: Best Friends Out, Best Friends Out,