1 00:00:00,120 --> 00:00:02,520 Speaker 1: Welcome to How the Money. I'm Joel and I in 2 00:00:02,680 --> 00:00:06,000 Speaker 1: Matt and today we are discussing fake free tax filing, 3 00:00:06,400 --> 00:00:30,240 Speaker 1: radical sabbaticals, and seven stop trading. Radical sabbatical is just 4 00:00:30,280 --> 00:00:33,199 Speaker 1: fun to say, isn't it. It's I'm so glad we 5 00:00:33,360 --> 00:00:35,680 Speaker 1: used that. I was gonna say something about stark trading, 6 00:00:35,720 --> 00:00:37,840 Speaker 1: but I'm gonna scrap that though. I just like stick 7 00:00:37,840 --> 00:00:41,240 Speaker 1: with radical sabbatical because that is incredibly fun. I want 8 00:00:41,240 --> 00:00:43,720 Speaker 1: everybody at home to say it with us. It's like 9 00:00:43,760 --> 00:00:45,959 Speaker 1: one of those things. But yeah, no, this is our 10 00:00:46,000 --> 00:00:47,880 Speaker 1: Friday flight. We are going to talk about those topics, 11 00:00:48,040 --> 00:00:50,519 Speaker 1: as well as several other stories, different headlines that we've 12 00:00:50,560 --> 00:00:54,040 Speaker 1: come across this week that are going to impact your finances. 13 00:00:54,120 --> 00:00:56,160 Speaker 1: That's right. Before we get to that, mad, I wanted 14 00:00:56,200 --> 00:00:59,680 Speaker 1: to mention there was somebody in the Facebook group mentioned 15 00:01:00,200 --> 00:01:04,160 Speaker 1: just last week that hey, Joel, you had mentioned Triple 16 00:01:04,200 --> 00:01:07,560 Speaker 1: A as being like a lifesaver recently for you, but 17 00:01:07,880 --> 00:01:10,880 Speaker 1: I have a better tip. And this person went on 18 00:01:10,920 --> 00:01:14,280 Speaker 1: to suggest they said, we'll get that coverage through your 19 00:01:14,560 --> 00:01:19,160 Speaker 1: car insurance company instead, Okay, And so it sounds good, right. 20 00:01:19,200 --> 00:01:21,640 Speaker 1: She said that she's paying four dollars a year, Okay, 21 00:01:21,640 --> 00:01:24,280 Speaker 1: that's what's gonna say, was her discount. It's a lot cheaper, okay, ye, 22 00:01:24,800 --> 00:01:26,480 Speaker 1: But there's a problem with that. So I went on 23 00:01:26,560 --> 00:01:28,560 Speaker 1: to explain in there and a lot of people were like, 24 00:01:28,640 --> 00:01:30,480 Speaker 1: mind blow. And I had no idea this existed. So 25 00:01:30,520 --> 00:01:32,000 Speaker 1: I was like, well, I guess we should we should 26 00:01:32,000 --> 00:01:34,240 Speaker 1: tell everybody, because not everybody isn't the hat of money 27 00:01:34,280 --> 00:01:38,440 Speaker 1: Facebook group. But the main thing here is if you 28 00:01:38,520 --> 00:01:41,760 Speaker 1: have this coverage through your insurance company and you use it, 29 00:01:42,840 --> 00:01:46,000 Speaker 1: you're gonna get docked. Basically, does it get treated like 30 00:01:46,280 --> 00:01:49,720 Speaker 1: you actually using your insurance exactly, That's exactly what it is. 31 00:01:49,760 --> 00:01:52,240 Speaker 1: So if you if you say, oh, hey can you 32 00:01:52,240 --> 00:01:54,440 Speaker 1: come help me fix a flat, or hey can you 33 00:01:54,480 --> 00:01:57,520 Speaker 1: give me a toe insurance company, State Farm, Liberty Mutual, 34 00:01:57,560 --> 00:02:01,040 Speaker 1: whoever you're with um, and you know, doesn't it seems 35 00:02:01,040 --> 00:02:03,640 Speaker 1: like it doesn't cost you anything but an actuality this claim, 36 00:02:03,720 --> 00:02:05,000 Speaker 1: This counts as a claim and it goes on your 37 00:02:05,040 --> 00:02:07,520 Speaker 1: clue report. It counts the same. It actually goes onto 38 00:02:07,560 --> 00:02:09,600 Speaker 1: your clue as like I just had a fire on 39 00:02:09,680 --> 00:02:11,000 Speaker 1: my house and I had to file a claim for 40 00:02:11,040 --> 00:02:13,640 Speaker 1: fifty dollars. It has a very similar waiting on your 41 00:02:13,639 --> 00:02:15,919 Speaker 1: clue report, and so this could prevent you from being 42 00:02:15,960 --> 00:02:18,160 Speaker 1: able to switch insurers in the near future. So this 43 00:02:18,200 --> 00:02:21,200 Speaker 1: could be something that is cheap, not frugal. It seems 44 00:02:21,240 --> 00:02:23,040 Speaker 1: like it cost a whole lot less for this coverage, 45 00:02:23,040 --> 00:02:24,720 Speaker 1: but then when you use it, it could be just 46 00:02:24,760 --> 00:02:27,360 Speaker 1: this massive thing against you, preventing you from able to 47 00:02:27,440 --> 00:02:30,160 Speaker 1: save money and switch insurers in the future. That would suck. Yeah, 48 00:02:30,200 --> 00:02:32,840 Speaker 1: the insurance are they're being a little more sneaky by 49 00:02:32,960 --> 00:02:35,480 Speaker 1: recording that and they're holding that against you. I don't 50 00:02:35,520 --> 00:02:37,280 Speaker 1: like that, and it's not really easy to find out 51 00:02:37,280 --> 00:02:39,840 Speaker 1: that information. It's one of those things that's actually really opaque, 52 00:02:39,880 --> 00:02:42,040 Speaker 1: and it's there's not even on the back end of 53 00:02:42,040 --> 00:02:44,120 Speaker 1: the exactly what we see here that you had a claim. 54 00:02:44,160 --> 00:02:46,760 Speaker 1: It's like I didn't file a claim. Well you you 55 00:02:46,840 --> 00:02:50,400 Speaker 1: got to tell that one time, and that triple A 56 00:02:50,600 --> 00:02:52,440 Speaker 1: is the way to go. Actually triple it costs a 57 00:02:52,440 --> 00:02:54,799 Speaker 1: little bit more every year, or something like seventy bucks 58 00:02:54,840 --> 00:02:56,960 Speaker 1: a year. But so it's like, well, I'm gonna say 59 00:02:56,960 --> 00:02:58,919 Speaker 1: fifty bucks and go with the stuff through my insurance company. 60 00:02:58,919 --> 00:03:01,280 Speaker 1: But it was a reality, wasn't actually triple A that 61 00:03:01,400 --> 00:03:03,080 Speaker 1: was being offered through the insurer. It was like a 62 00:03:03,200 --> 00:03:07,400 Speaker 1: like a private, exactly own version of triple See. You know, 63 00:03:07,440 --> 00:03:10,080 Speaker 1: I don't know these things because I personally like to 64 00:03:10,120 --> 00:03:13,760 Speaker 1: take the routes of self insuring because honestly, if you 65 00:03:13,760 --> 00:03:15,520 Speaker 1: think about it, what is triple A. They have done 66 00:03:15,520 --> 00:03:18,639 Speaker 1: a fantastic job creating this aura around them as as 67 00:03:18,680 --> 00:03:20,800 Speaker 1: like this company and they show up and they rescue 68 00:03:20,800 --> 00:03:22,680 Speaker 1: you on the side of the road. But really it 69 00:03:22,760 --> 00:03:26,000 Speaker 1: is a lot like insurance. And oftentimes when it comes 70 00:03:26,040 --> 00:03:29,680 Speaker 1: to some of the more obscure insurances that are out there, right, 71 00:03:29,720 --> 00:03:33,480 Speaker 1: like pet insurance or income replacement insurance, like what we 72 00:03:33,520 --> 00:03:36,120 Speaker 1: would say is no, don't sign up for all these 73 00:03:36,120 --> 00:03:39,000 Speaker 1: different types of insurance. Instead self insurer by making sure 74 00:03:39,040 --> 00:03:41,680 Speaker 1: you just have a fully stocked emergency funds, right uh. 75 00:03:41,800 --> 00:03:44,240 Speaker 1: And so I mean like these companies wouldn't exist if 76 00:03:44,240 --> 00:03:47,080 Speaker 1: they weren't making money, right, Like the reason they're in 77 00:03:47,120 --> 00:03:50,040 Speaker 1: businesses because they're actually making money. Uh. And so obviously 78 00:03:50,080 --> 00:03:52,640 Speaker 1: some insurances are very necessary, right because if something were 79 00:03:52,680 --> 00:03:54,480 Speaker 1: to happen, like, uh, you know, you get in a 80 00:03:54,480 --> 00:03:56,560 Speaker 1: carrect or life insurance, like these are all things that 81 00:03:56,600 --> 00:03:58,480 Speaker 1: could set you back tens of thousands or hundreds of 82 00:03:58,520 --> 00:04:00,960 Speaker 1: thousands of dollars. But when it comes to maybe some 83 00:04:01,000 --> 00:04:03,680 Speaker 1: of these smaller ones, I personally, at least would would 84 00:04:03,720 --> 00:04:06,120 Speaker 1: recommend for folks that maybe just beef up that emergency 85 00:04:06,120 --> 00:04:08,480 Speaker 1: fund a little bit. Bump it up from four months 86 00:04:08,520 --> 00:04:10,360 Speaker 1: of living expenses. Go ahead, take it up to five 87 00:04:10,360 --> 00:04:12,440 Speaker 1: months or six months. At least in this one area 88 00:04:12,480 --> 00:04:14,160 Speaker 1: of my life, I like to keep it simple. A 89 00:04:14,160 --> 00:04:17,080 Speaker 1: lot of other areas I like to overcomplicated, but in 90 00:04:17,120 --> 00:04:19,400 Speaker 1: this one area, I like to keep things very basically. 91 00:04:19,360 --> 00:04:21,159 Speaker 1: I think that makes a lot of sense. But to 92 00:04:21,200 --> 00:04:23,800 Speaker 1: everybody out there, who's who's listening, and if you're like, 93 00:04:23,920 --> 00:04:25,920 Speaker 1: I've got the coverage through my insurance company, it costs 94 00:04:25,920 --> 00:04:29,240 Speaker 1: a whole lot less I'm being smart. Well just no, yeah, 95 00:04:29,279 --> 00:04:31,479 Speaker 1: you got the coverage. It's cheaper, but it's coverage you 96 00:04:31,480 --> 00:04:33,520 Speaker 1: should never use because in all likelihood it's gonna raise 97 00:04:33,520 --> 00:04:35,919 Speaker 1: your premium. So it's gonna prevent you from switching insurers 98 00:04:35,960 --> 00:04:37,720 Speaker 1: in the future. If that's a great tip. Yeah, So 99 00:04:37,760 --> 00:04:39,440 Speaker 1: all right, that's let's move on the matt. Let's get 100 00:04:39,440 --> 00:04:41,720 Speaker 1: to the Friday flight and the sampling of stories we 101 00:04:41,760 --> 00:04:45,200 Speaker 1: found interesting this week. First off, let's talk about housing 102 00:04:45,520 --> 00:04:48,000 Speaker 1: and that the Associated Press just for in an article 103 00:04:48,080 --> 00:04:51,080 Speaker 1: about a d U s, which are accessory dwelling units, 104 00:04:51,120 --> 00:04:53,600 Speaker 1: one of my favorite things to talk about, and basically 105 00:04:54,080 --> 00:04:56,560 Speaker 1: it's it's building a tiny home on your property. You know, 106 00:04:56,600 --> 00:04:59,080 Speaker 1: you and I we've been fans of that for years. 107 00:04:59,240 --> 00:05:02,400 Speaker 1: They're so cute, they're adorable, and they can provide a 108 00:05:02,480 --> 00:05:04,480 Speaker 1: nice stream of income for you and for your family. 109 00:05:04,880 --> 00:05:06,880 Speaker 1: And so I love the idea of building a tiny 110 00:05:06,880 --> 00:05:09,160 Speaker 1: house in your yard and making a little bit of 111 00:05:09,200 --> 00:05:11,520 Speaker 1: money every month, and you know, lowering your overall cost 112 00:05:11,560 --> 00:05:15,599 Speaker 1: of housing. But building codes in lots of cities have 113 00:05:15,760 --> 00:05:17,960 Speaker 1: meant that it's more difficult than it should be to 114 00:05:18,040 --> 00:05:19,919 Speaker 1: build one on your property. You know. One of my 115 00:05:19,920 --> 00:05:22,600 Speaker 1: favorite parts of the article they actually talked to a 116 00:05:22,640 --> 00:05:25,640 Speaker 1: family who built one of these ad us. They decided 117 00:05:25,720 --> 00:05:29,240 Speaker 1: actually not just to rent out the smaller a d U, 118 00:05:29,440 --> 00:05:31,080 Speaker 1: but to live in the a d U themselves and 119 00:05:31,120 --> 00:05:33,000 Speaker 1: run out their bigger house. And so yeah, this is 120 00:05:33,080 --> 00:05:35,440 Speaker 1: this is uh one of them. A way to crush 121 00:05:35,440 --> 00:05:37,600 Speaker 1: your housing costs in a big way. If you do that, 122 00:05:37,600 --> 00:05:40,760 Speaker 1: that's just like a killer house hack, massively lowering the 123 00:05:40,800 --> 00:05:43,200 Speaker 1: amount of money you're dedicating towards housing. Every single month, 124 00:05:43,200 --> 00:05:44,960 Speaker 1: they just took it up another whole, another notch. It's 125 00:05:45,000 --> 00:05:47,200 Speaker 1: like you thought that we're gonna just make a little 126 00:05:47,200 --> 00:05:49,440 Speaker 1: bit extress right, Oh no, no no, no, We're actually gonna 127 00:05:49,440 --> 00:05:51,880 Speaker 1: be making a ton more exactly, and obviously doesn't make 128 00:05:51,920 --> 00:05:53,479 Speaker 1: sense for everybody. Let's you've got three or four kids 129 00:05:53,520 --> 00:05:56,280 Speaker 1: run around like like matter I living in five square 130 00:05:56,279 --> 00:05:59,720 Speaker 1: feet um is a recipe for disaster out more difficult. 131 00:06:00,160 --> 00:06:01,840 Speaker 1: But but it's one of those things. If a d 132 00:06:01,960 --> 00:06:04,640 Speaker 1: u S are if you can build one and you've 133 00:06:04,640 --> 00:06:07,000 Speaker 1: got a lot that it makes sense, then it's it's 134 00:06:07,000 --> 00:06:09,760 Speaker 1: something worth considering. Yeah, we we think a d u 135 00:06:09,800 --> 00:06:12,239 Speaker 1: S solve I mean specifically one of the biggest problems 136 00:06:12,240 --> 00:06:14,920 Speaker 1: that we face as a country, which is creating more 137 00:06:14,960 --> 00:06:18,719 Speaker 1: affordable homes by increasing the supply, by increasing the inventory. 138 00:06:18,960 --> 00:06:23,280 Speaker 1: Home price increases of twenty percent a year is not sustainable. 139 00:06:23,279 --> 00:06:26,480 Speaker 1: That's basically what we saw nationwide over the past twelve months. 140 00:06:26,880 --> 00:06:29,159 Speaker 1: But the number one thing that will stop housing from 141 00:06:29,160 --> 00:06:32,320 Speaker 1: increasing in price is going to be more density, greater 142 00:06:32,400 --> 00:06:35,920 Speaker 1: access to affordable housing. Uh. And so this means home 143 00:06:35,960 --> 00:06:39,960 Speaker 1: builders ramping things up, which is happening new residential construction. 144 00:06:40,040 --> 00:06:42,040 Speaker 1: It's shot up from recent years, but it doesn't appear 145 00:06:42,080 --> 00:06:44,600 Speaker 1: that we're at levels that's necessary to satisfy the demand. 146 00:06:44,920 --> 00:06:47,440 Speaker 1: According to data from the U S Census, we're seeing 147 00:06:47,839 --> 00:06:50,280 Speaker 1: roughly the same number of new primits being issued now 148 00:06:50,320 --> 00:06:52,560 Speaker 1: for for new builds for new constructions that we saw 149 00:06:52,640 --> 00:06:55,080 Speaker 1: back in two thousand and three, and so we definitely 150 00:06:55,120 --> 00:06:57,560 Speaker 1: have seen increases, but it does not seem like we're 151 00:06:57,560 --> 00:06:59,320 Speaker 1: at levels that we need to be in order to 152 00:06:59,320 --> 00:07:02,240 Speaker 1: provide enough housing for folks. Plus, all the while, the 153 00:07:02,320 --> 00:07:06,159 Speaker 1: US has grown in population by forty million people within 154 00:07:06,200 --> 00:07:08,520 Speaker 1: that same time period since two thousand and three. Uh, 155 00:07:08,600 --> 00:07:11,040 Speaker 1: it is insane. But we would also love to see 156 00:07:11,080 --> 00:07:14,480 Speaker 1: more cities and more towns making it easier to build 157 00:07:14,600 --> 00:07:17,200 Speaker 1: an accessory dwelling unit or actually, in some towns or 158 00:07:17,200 --> 00:07:18,720 Speaker 1: cities they call them a l u S. I think 159 00:07:18,920 --> 00:07:22,160 Speaker 1: accessory living living yeah, living units. But we want to 160 00:07:22,200 --> 00:07:24,760 Speaker 1: see more towns, more cities making that easier to do 161 00:07:24,960 --> 00:07:28,120 Speaker 1: within your own backyard. If you're wondering what the local 162 00:07:28,200 --> 00:07:30,080 Speaker 1: laws are where it is that you live, and you're 163 00:07:30,080 --> 00:07:33,000 Speaker 1: not totally sure, you can check out Accessory dwellings dot org. 164 00:07:33,080 --> 00:07:34,800 Speaker 1: They've got a great resource there for free to check 165 00:07:34,800 --> 00:07:36,200 Speaker 1: that out. Yeah, make sure to put that link in 166 00:07:36,240 --> 00:07:39,160 Speaker 1: the Charlottes. And another interesting trend that we read about 167 00:07:39,160 --> 00:07:43,200 Speaker 1: this week, Matt is is the rise of multi generational households. 168 00:07:43,640 --> 00:07:46,520 Speaker 1: And I didn't realize this, but nearly one in five 169 00:07:46,600 --> 00:07:49,440 Speaker 1: of the U S population now lives in a multigenerational house. 170 00:07:50,040 --> 00:07:52,080 Speaker 1: It was way higher than I was expecting. Yeah, I 171 00:07:52,120 --> 00:07:55,320 Speaker 1: was taking like seven eight percent, but no, fully of 172 00:07:55,360 --> 00:07:58,480 Speaker 1: folks are are living in some sort of multigenerational setup. 173 00:07:58,920 --> 00:08:02,000 Speaker 1: Financial concerns and caregiving needs are the top two reasons 174 00:08:02,000 --> 00:08:06,760 Speaker 1: cited for these reasons. Typically that's financial concerns of a 175 00:08:06,840 --> 00:08:09,760 Speaker 1: young person going back to live a young person who 176 00:08:09,800 --> 00:08:12,560 Speaker 1: who is you know, fully grown adult going back to 177 00:08:12,600 --> 00:08:15,920 Speaker 1: live at home, or caregiving needs where a fully grown 178 00:08:15,960 --> 00:08:18,640 Speaker 1: adults who's in the workforce is now bringing in an 179 00:08:18,640 --> 00:08:20,440 Speaker 1: aging parent to live with them. And so this is 180 00:08:20,480 --> 00:08:23,000 Speaker 1: kind of a double edged sword, right, you know. Multigenerational 181 00:08:23,120 --> 00:08:25,560 Speaker 1: households are great in a lot of ways. I've got 182 00:08:25,600 --> 00:08:27,760 Speaker 1: I've got some friends, Matt who they purposely bought a 183 00:08:27,760 --> 00:08:31,080 Speaker 1: bigger house in order to live comfortably under one roof 184 00:08:31,160 --> 00:08:34,200 Speaker 1: with their in laws. They've got their third kid on 185 00:08:34,280 --> 00:08:37,040 Speaker 1: the way, and so this as a lifestyle choice for 186 00:08:37,080 --> 00:08:39,559 Speaker 1: them has been has been a great move. I think 187 00:08:39,559 --> 00:08:41,760 Speaker 1: the way we talk about it typically in the culture 188 00:08:41,880 --> 00:08:44,120 Speaker 1: is that that's an abnormal choice, like that's a weird 189 00:08:44,160 --> 00:08:46,360 Speaker 1: thing to do. But I think maybe we should kind 190 00:08:46,400 --> 00:08:49,719 Speaker 1: of change the conversation around that, because I think multigenerational 191 00:08:50,000 --> 00:08:52,440 Speaker 1: housing can be a good choice for for a lot 192 00:08:52,480 --> 00:08:55,640 Speaker 1: of folks, and and specifically with the reality of skyrocketing 193 00:08:55,679 --> 00:08:59,480 Speaker 1: rents and home prices soaring. Um, it's it's it's for 194 00:08:59,600 --> 00:09:02,200 Speaker 1: some people into a situation maybe they prefer not to 195 00:09:02,240 --> 00:09:06,080 Speaker 1: be and it's not always done out of uh pure choice, 196 00:09:06,200 --> 00:09:09,000 Speaker 1: so much of it as an economic hardship for reason. Um. 197 00:09:09,080 --> 00:09:10,360 Speaker 1: But I think it is one of those things where 198 00:09:10,440 --> 00:09:14,040 Speaker 1: multigenerational housing is something that's on the comeback. And I 199 00:09:14,040 --> 00:09:15,800 Speaker 1: do think in a lot of ways that's actually not 200 00:09:15,840 --> 00:09:17,440 Speaker 1: a bad thing. Yeah, I mean, and we see this 201 00:09:17,480 --> 00:09:19,440 Speaker 1: a lot in other countries as well. Imly, the the 202 00:09:19,559 --> 00:09:22,280 Speaker 1: U s is a bit more independent with our adulthood 203 00:09:22,320 --> 00:09:24,160 Speaker 1: and you know where it is that we choose to live. 204 00:09:24,520 --> 00:09:27,920 Speaker 1: But you know, you're talking about the adult men who 205 00:09:27,960 --> 00:09:30,680 Speaker 1: live who seem to be living more at home. I 206 00:09:30,679 --> 00:09:32,480 Speaker 1: did not say men, but I think you're right, a 207 00:09:32,559 --> 00:09:34,800 Speaker 1: lot of it. I thought you did. But there's a 208 00:09:34,800 --> 00:09:39,480 Speaker 1: stat that nearly four inten men ages twenty nine that 209 00:09:39,559 --> 00:09:41,680 Speaker 1: they live with a relative. Again, this is not a 210 00:09:41,720 --> 00:09:44,640 Speaker 1: bad thing if that's what you want, but my guess 211 00:09:44,800 --> 00:09:47,120 Speaker 1: is that you know many would actually rather have their 212 00:09:47,120 --> 00:09:49,800 Speaker 1: own place, especially within that you know that demographic and 213 00:09:49,880 --> 00:09:54,000 Speaker 1: interestingly enough, way more folks say that multigenerational living is 214 00:09:54,160 --> 00:09:58,520 Speaker 1: convenient in rewarding as opposed to those who say it's stressful. So, 215 00:09:58,559 --> 00:10:00,559 Speaker 1: you know, while creating more density and bill th more, 216 00:10:00,640 --> 00:10:02,240 Speaker 1: a d u S is definitely one way to help 217 00:10:02,320 --> 00:10:05,920 Speaker 1: with the housing problem moving in with maybe a family member. 218 00:10:05,960 --> 00:10:08,360 Speaker 1: That could be another way for at least some folks 219 00:10:08,400 --> 00:10:11,120 Speaker 1: out there to lower their housing costs while also, you know, 220 00:10:11,360 --> 00:10:15,080 Speaker 1: simultaneously hopefully deepening some family relationships. I'd like to think 221 00:10:15,120 --> 00:10:18,040 Speaker 1: that it's I don't think it's a binary emotion or 222 00:10:18,080 --> 00:10:20,200 Speaker 1: feeling that you might feel where it's just like you know, 223 00:10:20,400 --> 00:10:22,760 Speaker 1: it's stressful and str it used to be stressful, but 224 00:10:22,840 --> 00:10:25,240 Speaker 1: now it's rewarding, or it's one or the other. I'm 225 00:10:25,280 --> 00:10:27,520 Speaker 1: guessing it's it's both, right, Like, that's what life is. 226 00:10:27,559 --> 00:10:29,679 Speaker 1: That's what it is to be human is to kind 227 00:10:29,679 --> 00:10:31,400 Speaker 1: of hold both of those at the same time. It's like, 228 00:10:31,400 --> 00:10:34,560 Speaker 1: this is stressful. It's very stressful, but also very rewarding. 229 00:10:35,040 --> 00:10:36,760 Speaker 1: But I think for a lot of families, I'm sure 230 00:10:36,760 --> 00:10:39,440 Speaker 1: once you get past some of those initial like what 231 00:10:39,480 --> 00:10:41,240 Speaker 1: does the life look like as a family for us 232 00:10:41,240 --> 00:10:43,040 Speaker 1: to all be living under the same roof, when she 233 00:10:43,120 --> 00:10:44,679 Speaker 1: kind of get past his hurdles, I'm guessing some of 234 00:10:44,720 --> 00:10:47,240 Speaker 1: the rewards kind of kick in at that point. Yeah, No, 235 00:10:47,360 --> 00:10:48,800 Speaker 1: I think you're right. I think you're right. All right, 236 00:10:48,840 --> 00:10:51,760 Speaker 1: let's talk about work flexibility here for a second. Mat 237 00:10:51,840 --> 00:10:54,760 Speaker 1: We will get to those radical sabbaticals here in just 238 00:10:54,800 --> 00:10:57,920 Speaker 1: a second. Your favorite new phrase. Well, job openings are 239 00:10:57,920 --> 00:11:01,600 Speaker 1: still close to record highs, and there are roughly two 240 00:11:01,679 --> 00:11:05,080 Speaker 1: job openings for every one person who is unemployed looking 241 00:11:05,120 --> 00:11:07,240 Speaker 1: for work. This is good news if you're a job 242 00:11:07,280 --> 00:11:12,120 Speaker 1: hunter where you have kind of your picket litter and um. Yeah, basically, 243 00:11:12,160 --> 00:11:14,280 Speaker 1: it's just easier than normal to find a better job 244 00:11:14,400 --> 00:11:17,000 Speaker 1: or just another job if you want one. But in 245 00:11:17,040 --> 00:11:19,439 Speaker 1: the midst of this, another tact that people are are 246 00:11:19,520 --> 00:11:22,600 Speaker 1: taking is to quit their current job and then to 247 00:11:22,640 --> 00:11:25,640 Speaker 1: get hired back by the same employer, but this time 248 00:11:25,880 --> 00:11:29,120 Speaker 1: as a contractor. Yeah, and and you might ask yourself 249 00:11:29,120 --> 00:11:31,400 Speaker 1: the question, why, why in the world would anybody want 250 00:11:31,440 --> 00:11:33,960 Speaker 1: to do this. Don't you want that steady paycheck, knowing 251 00:11:34,000 --> 00:11:36,120 Speaker 1: how much you're gonna get paid every two weeks? Right, 252 00:11:36,240 --> 00:11:38,320 Speaker 1: And yeah, don't you with the security of knowing that 253 00:11:38,400 --> 00:11:41,520 Speaker 1: you're a traditional employee. There's health insurance you know, to 254 00:11:41,840 --> 00:11:44,120 Speaker 1: go alongside it. Well, here's the thing. It can be 255 00:11:44,200 --> 00:11:47,200 Speaker 1: more lucrative and you get to have more control over 256 00:11:47,240 --> 00:11:50,240 Speaker 1: your time as a contractor. And so yeah, if you're 257 00:11:50,280 --> 00:11:52,600 Speaker 1: in an industry that allows you to do this, this 258 00:11:52,679 --> 00:11:56,760 Speaker 1: can actually make you more money freelancing while also getting 259 00:11:56,960 --> 00:12:00,640 Speaker 1: bigger chunks of time away from work altogether completely. And 260 00:12:00,679 --> 00:12:03,280 Speaker 1: so yeah, it's it's not always a seamless transition, but 261 00:12:03,360 --> 00:12:05,400 Speaker 1: contract work can make sense for a lot of folks, 262 00:12:05,760 --> 00:12:08,439 Speaker 1: especially if you can get health insurance through your partner. 263 00:12:08,480 --> 00:12:11,040 Speaker 1: If your partner is traditionally employed, but your job makes 264 00:12:11,040 --> 00:12:12,560 Speaker 1: sense as a contractor, you might be able to make 265 00:12:12,559 --> 00:12:15,200 Speaker 1: more money and have like extra weeks off every single 266 00:12:15,240 --> 00:12:17,600 Speaker 1: year in between projects. And so it seems like a 267 00:12:17,600 --> 00:12:19,960 Speaker 1: lot of people are kind of happier with with this 268 00:12:20,040 --> 00:12:22,680 Speaker 1: sort of arrangement. And so if your employer would let 269 00:12:22,720 --> 00:12:25,040 Speaker 1: you kind of pursue that route. Um, you know, it 270 00:12:25,120 --> 00:12:27,120 Speaker 1: might make sense, it might be worth looking into. That's right. 271 00:12:27,200 --> 00:12:30,559 Speaker 1: You may not have dental anymore, but at least you'll 272 00:12:30,600 --> 00:12:33,400 Speaker 1: have some health coverage. See, if you're an entrepreneur, it 273 00:12:33,440 --> 00:12:36,480 Speaker 1: helps if you embrace the fact that you don't necessarily 274 00:12:36,520 --> 00:12:38,520 Speaker 1: see the dentist all that off if you still get 275 00:12:38,520 --> 00:12:40,280 Speaker 1: a cash rate and go once a year and like, 276 00:12:40,360 --> 00:12:42,320 Speaker 1: you know, pay two hundred bucks for that cleaning or whatever. 277 00:12:42,360 --> 00:12:43,840 Speaker 1: I think a lot of folks are like, this explains 278 00:12:43,920 --> 00:12:47,240 Speaker 1: so much. But yeah, I think what you're saying here, though, 279 00:12:47,320 --> 00:12:49,920 Speaker 1: is that there are more options available to you know, 280 00:12:50,040 --> 00:12:52,760 Speaker 1: two folks. And how it is that we think about 281 00:12:52,760 --> 00:12:55,120 Speaker 1: work is so important because you know, work it's it's 282 00:12:55,160 --> 00:12:59,000 Speaker 1: a necessity of life, but it isn't life itself. And 283 00:12:59,080 --> 00:13:01,040 Speaker 1: you know that flexibility can be clutched for so many 284 00:13:01,120 --> 00:13:04,880 Speaker 1: individuals and families. Uh. On the note of flexibility, sabbaticals, 285 00:13:05,240 --> 00:13:07,079 Speaker 1: we finally got into it. Uh. They're kind of the 286 00:13:07,320 --> 00:13:09,800 Speaker 1: new hot employee perk that that is being offered these 287 00:13:09,880 --> 00:13:12,120 Speaker 1: days right now. Uh. And so if you decide to 288 00:13:12,160 --> 00:13:15,480 Speaker 1: stick with traditional employment instead of contract work, there's a 289 00:13:15,559 --> 00:13:17,840 Speaker 1: higher chance that your employer is going to offer some 290 00:13:17,920 --> 00:13:20,760 Speaker 1: sort of extended time away. It's good to note though 291 00:13:20,800 --> 00:13:23,880 Speaker 1: that these sabbaticals they're not always paid, but they are 292 00:13:23,920 --> 00:13:26,640 Speaker 1: getting more and more popular. Roughly one into employers that 293 00:13:26,880 --> 00:13:30,880 Speaker 1: currently offers any sort of sabbatical opportunity, but only one 294 00:13:30,920 --> 00:13:34,960 Speaker 1: in twenty will actually pay for that chunk of time off. Obviously, 295 00:13:35,080 --> 00:13:38,040 Speaker 1: if they do that, that makes this perk way more attractive. 296 00:13:38,400 --> 00:13:40,079 Speaker 1: But I think we're gonna see, you know, some more 297 00:13:40,080 --> 00:13:44,440 Speaker 1: companies offering sabbaticals different opportunities like this too, employees who 298 00:13:44,520 --> 00:13:46,960 Speaker 1: have been around for a while, in order to keep 299 00:13:47,000 --> 00:13:48,959 Speaker 1: them around for the long haul and in order to 300 00:13:49,040 --> 00:13:50,760 Speaker 1: keep them from getting burnt out. I think this is 301 00:13:50,800 --> 00:13:53,000 Speaker 1: a great park because it can just be a mental 302 00:13:53,160 --> 00:13:55,200 Speaker 1: game changer for folks to be able to step away 303 00:13:55,200 --> 00:13:57,959 Speaker 1: from work, allow them to recharge and sort of re 304 00:13:58,200 --> 00:14:01,560 Speaker 1: enter the workforce with a renewed sense of purpose as 305 00:14:01,559 --> 00:14:04,040 Speaker 1: well as some additional energy as well. I agree, man, 306 00:14:04,080 --> 00:14:06,439 Speaker 1: a big chunk of time off minimum of two weeks, 307 00:14:06,440 --> 00:14:08,600 Speaker 1: but something more like two months can be a game 308 00:14:08,679 --> 00:14:12,720 Speaker 1: changer in kind of helping you come back refreshed, energized, 309 00:14:13,160 --> 00:14:15,760 Speaker 1: especially if you've been at in a particular role or 310 00:14:15,920 --> 00:14:19,360 Speaker 1: at a specific workplace for a decade or more. It's 311 00:14:19,400 --> 00:14:21,840 Speaker 1: like that can be just a huge relief to get 312 00:14:21,840 --> 00:14:23,600 Speaker 1: a big junk of time off, and it's rare, but 313 00:14:23,600 --> 00:14:25,960 Speaker 1: it's becoming less rare, which is great. I mean, honestly, 314 00:14:25,960 --> 00:14:28,920 Speaker 1: I think like it sounds ridiculous right to say, okay, 315 00:14:29,000 --> 00:14:31,960 Speaker 1: multiple months off. But the thing is if folks always 316 00:14:32,000 --> 00:14:34,520 Speaker 1: like they tend to take fewer days off than what 317 00:14:34,760 --> 00:14:37,720 Speaker 1: it states that they can, right and so like not 318 00:14:37,840 --> 00:14:40,120 Speaker 1: used the majority of that exactly. And so it's like, Okay, 319 00:14:40,120 --> 00:14:42,120 Speaker 1: you can take three weeks off over the course of 320 00:14:42,120 --> 00:14:43,960 Speaker 1: this year or something like that. You might take off 321 00:14:43,960 --> 00:14:45,960 Speaker 1: like two weeks. And so I think for a lot, 322 00:14:46,040 --> 00:14:48,280 Speaker 1: I take to one week vacations, and it's proven that 323 00:14:48,360 --> 00:14:50,520 Speaker 1: just getting away for a one week, you your your 324 00:14:50,560 --> 00:14:52,520 Speaker 1: brain barely registers that you had a vacation. You almost 325 00:14:52,600 --> 00:14:54,160 Speaker 1: need two weeks in order to feel like you fully 326 00:14:54,200 --> 00:14:56,400 Speaker 1: got away. And so I guess I wonder, like it's like, 327 00:14:56,520 --> 00:15:00,000 Speaker 1: maybe they will offer three months, but in reality, maybe 328 00:15:00,200 --> 00:15:02,720 Speaker 1: that will actually translate to like six weeks away, you know, 329 00:15:02,840 --> 00:15:04,920 Speaker 1: Like I feel like they're just kind of overshooting knowing 330 00:15:04,960 --> 00:15:07,400 Speaker 1: that folks won't necessarily take it but it's still a 331 00:15:07,440 --> 00:15:09,960 Speaker 1: good direction for employers to be moving in. Yeah, I 332 00:15:09,960 --> 00:15:12,600 Speaker 1: feel like we're this is like more of the Australian 333 00:15:12,640 --> 00:15:15,000 Speaker 1: mentality because like if you ever travel and you meet Australians, 334 00:15:15,200 --> 00:15:16,600 Speaker 1: it's like, well, when you got to go back to 335 00:15:16,600 --> 00:15:18,600 Speaker 1: work and like foremost from now, dude, and you're like, 336 00:15:18,640 --> 00:15:21,680 Speaker 1: oh my goodness, you got it, and I'll be moving back. 337 00:15:21,720 --> 00:15:23,040 Speaker 1: You know, we'll see how much of the money last. 338 00:15:23,080 --> 00:15:25,920 Speaker 1: It really is amazing their their culture. But uh, and 339 00:15:25,920 --> 00:15:28,160 Speaker 1: and now that's something we've tried to foster here. We 340 00:15:28,200 --> 00:15:31,120 Speaker 1: haven't necessarily been able to take any sort of subbatical 341 00:15:31,200 --> 00:15:32,640 Speaker 1: but you know, we also haven't been had it for 342 00:15:32,680 --> 00:15:35,560 Speaker 1: a decade. But work flexibility is something that that we 343 00:15:35,600 --> 00:15:37,800 Speaker 1: want more of, that we want more people to have. 344 00:15:38,200 --> 00:15:39,840 Speaker 1: And you know, you and I we take chunks of 345 00:15:39,880 --> 00:15:42,400 Speaker 1: time off around the summer and holidays. We work half 346 00:15:42,480 --> 00:15:45,920 Speaker 1: days on Fridays and so, yeah, I feel like these 347 00:15:45,920 --> 00:15:48,040 Speaker 1: are the kind of things that especially people own their 348 00:15:48,080 --> 00:15:50,360 Speaker 1: own business, it can feel like you're tied to it, 349 00:15:50,640 --> 00:15:53,480 Speaker 1: but you have to force yourself to take those times away. 350 00:15:54,000 --> 00:15:56,720 Speaker 1: And yeah, instead of going all or nothing. By the way, 351 00:15:56,840 --> 00:15:59,760 Speaker 1: there's another story that like you're working just part time 352 00:16:00,160 --> 00:16:03,720 Speaker 1: as people near retirement, that that's becoming more popular too, 353 00:16:03,880 --> 00:16:05,560 Speaker 1: And I think this is just the best thing ever. 354 00:16:05,600 --> 00:16:08,760 Speaker 1: I think if you're in your mid to late sixties 355 00:16:08,840 --> 00:16:10,920 Speaker 1: and you're like, do I retire all the way? Do 356 00:16:10,960 --> 00:16:14,200 Speaker 1: I quit altogether? There's such there's this beautiful potential to 357 00:16:14,280 --> 00:16:16,840 Speaker 1: work just part time as as you're you know, for 358 00:16:16,880 --> 00:16:20,760 Speaker 1: a few years winding down. And yeah, like study show 359 00:16:20,800 --> 00:16:22,480 Speaker 1: that working even just a little bit can be good 360 00:16:22,520 --> 00:16:26,120 Speaker 1: for mental, physical, and social health in addition to the 361 00:16:26,160 --> 00:16:28,400 Speaker 1: little boost that it can be to your finances and 362 00:16:28,720 --> 00:16:30,920 Speaker 1: just making that transition a little bit easier in every 363 00:16:30,920 --> 00:16:33,320 Speaker 1: single one of those realms. And um, yeah, this is 364 00:16:33,720 --> 00:16:35,840 Speaker 1: this Wall Street Journal article. It basically said that the 365 00:16:35,880 --> 00:16:39,080 Speaker 1: number of companies offering part time work for their older 366 00:16:39,120 --> 00:16:42,000 Speaker 1: workers has doubled in recent years, which I think it's 367 00:16:42,000 --> 00:16:44,960 Speaker 1: a great sign. So well, hopefully more people in the 368 00:16:45,000 --> 00:16:46,880 Speaker 1: middle stages of their career are able to take bigger 369 00:16:46,960 --> 00:16:49,040 Speaker 1: chunks of time off and then working a little bit 370 00:16:49,120 --> 00:16:52,040 Speaker 1: later but just part time. Like work. Flexibility is a 371 00:16:52,040 --> 00:16:53,840 Speaker 1: good thing, and you know, it's something we should all 372 00:16:53,880 --> 00:16:55,760 Speaker 1: want more of. Its trend that we kind of hope 373 00:16:56,000 --> 00:16:59,480 Speaker 1: continues to accelerate. Yeah, especially as more folks might be 374 00:16:59,520 --> 00:17:02,440 Speaker 1: gaining more of a sense of financial freedom in or 375 00:17:02,640 --> 00:17:04,600 Speaker 1: in their lives. Uh. And I say this a little 376 00:17:04,600 --> 00:17:06,960 Speaker 1: Freudian slip because I said we because back when I 377 00:17:07,000 --> 00:17:09,280 Speaker 1: can't remember what episode number this was, but when we 378 00:17:09,280 --> 00:17:12,160 Speaker 1: were talking about financial independence, we like we talked about 379 00:17:12,160 --> 00:17:14,760 Speaker 1: how we are essentially entering into this coast fire stage 380 00:17:14,760 --> 00:17:17,199 Speaker 1: in our own lives. And like, in my mind, the 381 00:17:17,240 --> 00:17:19,440 Speaker 1: most beautiful picture of what it looks like to work 382 00:17:19,760 --> 00:17:21,760 Speaker 1: is to have something that is sustainable, I guess in 383 00:17:21,800 --> 00:17:23,400 Speaker 1: the stage of life that we're in, Like I've got 384 00:17:23,400 --> 00:17:25,679 Speaker 1: a two year old, and so it seems difficult to 385 00:17:25,680 --> 00:17:28,320 Speaker 1: picture like traveling the world or in the country for 386 00:17:28,400 --> 00:17:30,800 Speaker 1: like weeks or months at a time like for us 387 00:17:30,880 --> 00:17:33,480 Speaker 1: sounds stressful for us right now, having like a home 388 00:17:33,480 --> 00:17:35,960 Speaker 1: base and having a routine and nap time like all 389 00:17:35,960 --> 00:17:38,440 Speaker 1: that's very important. Uh. And so in my mind, having 390 00:17:38,480 --> 00:17:41,040 Speaker 1: something that is just sustainable week to week. Uh. And 391 00:17:41,119 --> 00:17:43,720 Speaker 1: you have that ability as you've made wise decisions with 392 00:17:43,720 --> 00:17:46,920 Speaker 1: your finances over you know, years and even decades to 393 00:17:47,119 --> 00:17:49,320 Speaker 1: put you in that type of position. But I guess 394 00:17:49,320 --> 00:17:50,960 Speaker 1: I just wanted to mention that because it makes me 395 00:17:51,040 --> 00:17:53,600 Speaker 1: think more about like that kind of coast fire lifestyle 396 00:17:53,800 --> 00:17:56,040 Speaker 1: where you can start making these decisions to say, I 397 00:17:56,119 --> 00:17:58,080 Speaker 1: want to work a little bit less. I'm not retiring. 398 00:17:58,440 --> 00:18:01,280 Speaker 1: I still really gain a lot of satisfaction from my work. 399 00:18:01,320 --> 00:18:03,280 Speaker 1: I still like people, I still like helping out in 400 00:18:03,320 --> 00:18:05,560 Speaker 1: this way. I just want to be able to dedicate 401 00:18:05,560 --> 00:18:07,640 Speaker 1: more time to the family, or to the kids, or 402 00:18:07,680 --> 00:18:10,240 Speaker 1: to my physical health, different things that we might start 403 00:18:10,240 --> 00:18:12,280 Speaker 1: to prioritize as we get older. Yeah, I think it's 404 00:18:12,280 --> 00:18:14,440 Speaker 1: a beautiful thing about every single one of those stories, 405 00:18:14,440 --> 00:18:16,840 Speaker 1: how they loop together. More people do in contract work, 406 00:18:16,880 --> 00:18:20,160 Speaker 1: more people working part time, more people taking sabbaticals. It's 407 00:18:20,200 --> 00:18:23,240 Speaker 1: like all those things equal work flexibility. That's what people 408 00:18:23,280 --> 00:18:26,640 Speaker 1: want more of, understandably. So and so I think, yeah, 409 00:18:26,760 --> 00:18:30,240 Speaker 1: it's working to achieve more work flexibility in your life 410 00:18:30,480 --> 00:18:32,400 Speaker 1: so you can achieve more of the things you want 411 00:18:32,400 --> 00:18:36,719 Speaker 1: to achieve personally, you know, socially, familiarly, like those are 412 00:18:36,720 --> 00:18:39,719 Speaker 1: good things to do. It's not all about the Benjamin's so, 413 00:18:39,840 --> 00:18:42,080 Speaker 1: all right, we got more stories that we want to 414 00:18:42,119 --> 00:18:45,119 Speaker 1: get to and just a little bit, including one story 415 00:18:45,200 --> 00:18:47,919 Speaker 1: about how couples handle their money. And there is a 416 00:18:47,960 --> 00:18:51,040 Speaker 1: specific method that the most successful couples use will get 417 00:18:51,040 --> 00:19:02,520 Speaker 1: to that and more. Right after this break. We are 418 00:19:02,680 --> 00:19:05,800 Speaker 1: continuing our Friday flights. These are the different headlines we've 419 00:19:05,800 --> 00:19:08,280 Speaker 1: come across this week and how they apply to our 420 00:19:08,400 --> 00:19:11,520 Speaker 1: Money Angel. It's now time for the ludicrous headline of 421 00:19:11,560 --> 00:19:14,639 Speaker 1: the week, and this one comes from CNBC. It's about 422 00:19:14,760 --> 00:19:19,600 Speaker 1: false advertising. The headline reads, FTC sues Turbo tax owner 423 00:19:19,720 --> 00:19:23,800 Speaker 1: into it for advertising tax software as quote unquote free 424 00:19:24,440 --> 00:19:29,040 Speaker 1: so spoiler alert stuff. To actually get free tax filing 425 00:19:29,040 --> 00:19:31,280 Speaker 1: services from Turbo tax, you don't need to read this article. 426 00:19:31,320 --> 00:19:35,360 Speaker 1: I think like a crowbar is letting you know. Uh. 427 00:19:35,400 --> 00:19:39,359 Speaker 1: The FTC they called turbo Taxes offer a bogus bait 428 00:19:39,400 --> 00:19:43,399 Speaker 1: and switch because most folks actually end up paying something 429 00:19:43,560 --> 00:19:46,840 Speaker 1: even when they opted for the free version of turbotaxes software. 430 00:19:47,040 --> 00:19:49,080 Speaker 1: And that's often, you know, a result of slightly more 431 00:19:49,200 --> 00:19:53,680 Speaker 1: complex uh scenarios that TurboTax doesn't include in their free 432 00:19:53,720 --> 00:19:56,479 Speaker 1: return within the free version that they offer. But the 433 00:19:56,480 --> 00:19:59,200 Speaker 1: thing is users often don't know that until they're further 434 00:19:59,240 --> 00:20:01,159 Speaker 1: along in the process us uh, and then they are 435 00:20:01,200 --> 00:20:03,520 Speaker 1: prompted to pay like dang it. It's always like the 436 00:20:03,560 --> 00:20:07,400 Speaker 1: opportunity cost. You're like I've already spent or sun cost fallacy. Yeah, 437 00:20:07,520 --> 00:20:11,880 Speaker 1: basically they've they're committed. They see their name on there, 438 00:20:11,880 --> 00:20:13,760 Speaker 1: They're like, oh, this is this is my return right here. 439 00:20:13,800 --> 00:20:15,600 Speaker 1: I see it as opposed to just being like I 440 00:20:15,680 --> 00:20:18,760 Speaker 1: forget this. I guess I'll work over because I have 441 00:20:18,880 --> 00:20:21,360 Speaker 1: to exactly. Yeah, yeah, term attacks, I mean, they're they're 442 00:20:21,400 --> 00:20:24,399 Speaker 1: great at marketing the free version. Uh and you know, 443 00:20:24,440 --> 00:20:26,639 Speaker 1: and they might actually have a solid product that they're offering, 444 00:20:26,920 --> 00:20:28,440 Speaker 1: but there's just a good chance that you're gonna have 445 00:20:28,520 --> 00:20:31,040 Speaker 1: to actually pay for their software. It's their bread and butter. 446 00:20:31,320 --> 00:20:33,399 Speaker 1: I don't have a problem with the the actual software. 447 00:20:33,400 --> 00:20:36,520 Speaker 1: I think that it's it's the bait and switch part 448 00:20:36,520 --> 00:20:38,560 Speaker 1: of it that you know, obviously feels slimy. It's what 449 00:20:38,560 --> 00:20:40,879 Speaker 1: the FDC is going after. They just need to be 450 00:20:40,920 --> 00:20:42,760 Speaker 1: more transparent. I think even if they had on their 451 00:20:42,800 --> 00:20:45,600 Speaker 1: site or even within the software when you started filing 452 00:20:45,600 --> 00:20:48,160 Speaker 1: a return, if they just had like a counter right 453 00:20:48,200 --> 00:20:50,200 Speaker 1: that said that, hey, so far this year, this number 454 00:20:50,240 --> 00:20:52,399 Speaker 1: of people have been able to file a free return 455 00:20:52,720 --> 00:20:55,239 Speaker 1: versus this number of people who had to pay right, 456 00:20:55,280 --> 00:20:57,360 Speaker 1: Because if you went on there and you saw that like, okay, 457 00:20:57,359 --> 00:21:00,840 Speaker 1: one million people filed for free, twenty nine million had 458 00:21:00,880 --> 00:21:03,359 Speaker 1: to pay. It's like, oh, shoot, I'm probably gonna have 459 00:21:03,400 --> 00:21:06,520 Speaker 1: to pay, or even just transparency five multiple choice questions 460 00:21:06,520 --> 00:21:08,160 Speaker 1: to be like hey, or do you fit in this, this, 461 00:21:08,160 --> 00:21:10,520 Speaker 1: this or this category and like great, guess what you 462 00:21:10,520 --> 00:21:12,320 Speaker 1: do qualify for free? Or you know what, Sorry, you're 463 00:21:12,320 --> 00:21:13,960 Speaker 1: gonna have to choose this product. But when you have 464 00:21:14,000 --> 00:21:16,280 Speaker 1: to go, you know, halfway through the process of filing 465 00:21:16,280 --> 00:21:19,800 Speaker 1: your taxes, before you realize it, you are going to 466 00:21:19,840 --> 00:21:22,400 Speaker 1: probably continue and just pay, even though you're angry about 467 00:21:22,400 --> 00:21:24,680 Speaker 1: it exactly. And you know, the Turbo tax has been 468 00:21:24,720 --> 00:21:26,960 Speaker 1: been fighting against the I r S Free File system 469 00:21:27,000 --> 00:21:30,040 Speaker 1: for years and they left the service altogether last year, 470 00:21:30,400 --> 00:21:32,320 Speaker 1: and so yeah, what will you suggest is is that 471 00:21:32,359 --> 00:21:36,000 Speaker 1: if you want actual free tax filing software, go directly 472 00:21:36,040 --> 00:21:38,720 Speaker 1: to the i r S is Free File website or 473 00:21:38,800 --> 00:21:41,800 Speaker 1: to cash app Taxes. Those are those are two great 474 00:21:41,800 --> 00:21:43,600 Speaker 1: places to go if you want to not pay a 475 00:21:43,640 --> 00:21:46,639 Speaker 1: dime for for the ability to file your taxes. And 476 00:21:46,640 --> 00:21:48,240 Speaker 1: and by the way, if you type in I r 477 00:21:48,359 --> 00:21:50,440 Speaker 1: S Free File and Google, make sure to skip past 478 00:21:50,480 --> 00:21:53,680 Speaker 1: the ads because that will actually take you to another site. 479 00:21:53,680 --> 00:21:56,280 Speaker 1: If you click the ad, there's a there's another tax 480 00:21:56,320 --> 00:21:58,040 Speaker 1: filing software there's trying to mimic the I r S 481 00:21:58,080 --> 00:22:00,840 Speaker 1: Free file website. It's a little it's it's a little misleading. 482 00:22:00,840 --> 00:22:02,680 Speaker 1: So instead we would go directly by the way to 483 00:22:02,720 --> 00:22:05,240 Speaker 1: I r S dot gov slash pre file. That's right. Yeah. 484 00:22:05,280 --> 00:22:07,359 Speaker 1: What's funny is that I try to replicate that within 485 00:22:07,480 --> 00:22:10,479 Speaker 1: Safari on my computer and I couldn't. But I know 486 00:22:10,560 --> 00:22:13,560 Speaker 1: that you use Chrome because you mentioned that earlier while 487 00:22:13,560 --> 00:22:16,240 Speaker 1: we're sort of prepping for this episode. And when I 488 00:22:16,280 --> 00:22:18,560 Speaker 1: searched within Chrome, it did pull up, but it didn't 489 00:22:18,640 --> 00:22:20,560 Speaker 1: for some reason, within Safari. So I don't know what 490 00:22:20,600 --> 00:22:22,720 Speaker 1: the deal is there. Maybe somebody can write in and 491 00:22:22,800 --> 00:22:24,840 Speaker 1: let us know some of the differences in security, maybe 492 00:22:24,840 --> 00:22:27,439 Speaker 1: between Safari and Chrome. Who knows. J Let's let's get 493 00:22:27,480 --> 00:22:29,920 Speaker 1: to that that couples and money story that you mentioned, because, 494 00:22:30,160 --> 00:22:32,119 Speaker 1: like we know that folks kind of come down on 495 00:22:32,119 --> 00:22:36,000 Speaker 1: different sides of the how couples should handle their money discussion. 496 00:22:36,280 --> 00:22:39,280 Speaker 1: But a recent study from some professors at Cornell shows 497 00:22:39,320 --> 00:22:43,680 Speaker 1: that couples who combine their finances actually have healthy relationships. 498 00:22:43,720 --> 00:22:46,280 Speaker 1: They're less likely to break up uh, and the crux 499 00:22:46,280 --> 00:22:49,080 Speaker 1: of their findings reveals that it's the team like nature 500 00:22:49,400 --> 00:22:52,680 Speaker 1: fostered in a relationship by combining money instead of keeping 501 00:22:52,680 --> 00:22:55,359 Speaker 1: things separate. That was specifically evidenced by the fact that 502 00:22:55,359 --> 00:22:57,920 Speaker 1: couples who kept their money more separate from one another, 503 00:22:58,040 --> 00:23:00,800 Speaker 1: they were more likely to use terms and refer to 504 00:23:00,840 --> 00:23:03,600 Speaker 1: those funds as like my money instead of our money. 505 00:23:03,920 --> 00:23:07,000 Speaker 1: And just the simple act of combining it leads to 506 00:23:07,320 --> 00:23:11,080 Speaker 1: just more money talks and conversations to greater transparency. I mean, 507 00:23:11,080 --> 00:23:12,639 Speaker 1: just think about any team that you've ever been a 508 00:23:12,640 --> 00:23:17,320 Speaker 1: part of. If it's all II rather than like we, uh, 509 00:23:17,359 --> 00:23:19,000 Speaker 1: you're you're probably not going to do as well of 510 00:23:19,080 --> 00:23:21,560 Speaker 1: a job working together. True. And the study also notes 511 00:23:21,600 --> 00:23:25,720 Speaker 1: that the benefits are strongest among lower income families as well, 512 00:23:25,920 --> 00:23:28,080 Speaker 1: which is yeah, I found interesting. But I know this 513 00:23:28,119 --> 00:23:31,399 Speaker 1: isn't how every couple out there handles their money together. Um, 514 00:23:31,440 --> 00:23:33,520 Speaker 1: I think it's it's probably far from it, but it's 515 00:23:33,520 --> 00:23:36,159 Speaker 1: worth mentioning this is something that our family does. We 516 00:23:36,240 --> 00:23:39,159 Speaker 1: do combine money in both our family and your your 517 00:23:39,160 --> 00:23:41,240 Speaker 1: family as well to our families do not combine money, 518 00:23:41,280 --> 00:23:44,399 Speaker 1: but correct, but we have like a bank account that 519 00:23:44,480 --> 00:23:46,000 Speaker 1: we that all of our funds go into, and all 520 00:23:46,040 --> 00:23:47,320 Speaker 1: of our funds go out of and so it is. 521 00:23:47,560 --> 00:23:50,320 Speaker 1: It is one of those things where that suits our 522 00:23:50,400 --> 00:23:53,679 Speaker 1: family's best and from at least this study, it seems 523 00:23:53,720 --> 00:23:55,720 Speaker 1: like it suits a lot of families best and doesn't 524 00:23:55,760 --> 00:23:57,359 Speaker 1: solve all the problems. Now, so if you feel like 525 00:23:57,400 --> 00:24:00,320 Speaker 1: in your relationship maybe things are a little more compare sitive, 526 00:24:00,560 --> 00:24:02,679 Speaker 1: or they feel too separate and you don't feel like 527 00:24:02,720 --> 00:24:05,760 Speaker 1: you're a team because of the separate accounts, like, maybe 528 00:24:05,760 --> 00:24:08,040 Speaker 1: this is the solution. Again. I know it doesn't work 529 00:24:08,040 --> 00:24:10,480 Speaker 1: for everyone, it works well for us, and apparently from 530 00:24:10,480 --> 00:24:13,760 Speaker 1: the study, lots of other people to al Right, next story, Matt, 531 00:24:13,840 --> 00:24:17,919 Speaker 1: this one I'm gonna call seven stocks and it's because 532 00:24:18,160 --> 00:24:22,240 Speaker 1: it's pronounced stock markets because they give so Pete Davidson 533 00:24:22,280 --> 00:24:23,639 Speaker 1: it was like a skit on this and no, and 534 00:24:23,680 --> 00:24:26,680 Speaker 1: I can't not hear stocks without picturing his face saying 535 00:24:26,960 --> 00:24:32,520 Speaker 1: stock market. Well, really, the stock market is getting closer 536 00:24:32,560 --> 00:24:35,720 Speaker 1: to being sort of like thing. Robin Hood actually just 537 00:24:35,720 --> 00:24:39,479 Speaker 1: announced that now people on their platform can buy and 538 00:24:39,560 --> 00:24:42,240 Speaker 1: sell their stocks from seven am to a p m. 539 00:24:42,320 --> 00:24:44,880 Speaker 1: Every day. Yeah, typically the stock market opens at nine 540 00:24:45,000 --> 00:24:46,960 Speaker 1: thirty in the morning and shuts down at four pm. 541 00:24:47,119 --> 00:24:50,000 Speaker 1: But you know what, that's old old school and you 542 00:24:50,040 --> 00:24:52,880 Speaker 1: know who who needs time off from trading their stocks? 543 00:24:53,200 --> 00:24:55,640 Speaker 1: And Robin Hood wants to change all that, and other 544 00:24:55,800 --> 00:24:59,240 Speaker 1: large training firms already offered this supposed perk of additional 545 00:24:59,280 --> 00:25:02,199 Speaker 1: training hour to their clients. So why would we be 546 00:25:02,320 --> 00:25:04,720 Speaker 1: upset about this? Well, here's the thing, like, what what 547 00:25:04,840 --> 00:25:07,880 Speaker 1: done benefit does being able to trade stocks for more 548 00:25:07,920 --> 00:25:11,399 Speaker 1: hours of the day really give people? And you know 549 00:25:11,520 --> 00:25:14,159 Speaker 1: it's is the fact that casinos never closed? Is that 550 00:25:14,200 --> 00:25:17,439 Speaker 1: a good thing? Are we? Are we more informed because 551 00:25:17,480 --> 00:25:21,199 Speaker 1: we have eight seven news channels that now exist. I 552 00:25:21,200 --> 00:25:23,520 Speaker 1: would argue that neither of those things are actually all 553 00:25:23,520 --> 00:25:26,560 Speaker 1: that helpful and and so yeah, this ultimately just creates 554 00:25:26,560 --> 00:25:29,359 Speaker 1: a greater obsession with something that most of us should 555 00:25:29,400 --> 00:25:32,280 Speaker 1: be paying less attention to anyway, especially if you buy 556 00:25:32,320 --> 00:25:34,919 Speaker 1: into the how the Money way of investing, which is 557 00:25:34,960 --> 00:25:38,720 Speaker 1: like basic and boring, um than, really, what sort of 558 00:25:38,760 --> 00:25:40,960 Speaker 1: need do you have to trade stocks like at all 559 00:25:40,960 --> 00:25:43,160 Speaker 1: hours of the day? So I think this is only 560 00:25:43,200 --> 00:25:46,080 Speaker 1: going to feed more trading frenzy. I don't think it's 561 00:25:46,080 --> 00:25:49,600 Speaker 1: a good thing, that's right. I mean, so the argument goes, that's, well, 562 00:25:49,640 --> 00:25:51,639 Speaker 1: there are people who work from end of five and 563 00:25:51,720 --> 00:25:53,480 Speaker 1: they don't have the ability, they don't have the time 564 00:25:53,520 --> 00:25:56,160 Speaker 1: to actually make their trades and invest for the retirement, 565 00:25:56,440 --> 00:25:59,400 Speaker 1: which is totally a strawman argument. Like i mean, first 566 00:25:59,400 --> 00:26:01,520 Speaker 1: of all, like you said, if you subscribe to how 567 00:26:01,560 --> 00:26:03,600 Speaker 1: it is that we believe you should be trading, like 568 00:26:03,640 --> 00:26:05,960 Speaker 1: this is something you don't need to do this every 569 00:26:06,000 --> 00:26:08,520 Speaker 1: single day. It's not even something you need to make 570 00:26:08,600 --> 00:26:11,520 Speaker 1: those transactions every week once, I'm on sure exactly, Like 571 00:26:11,600 --> 00:26:13,480 Speaker 1: I mean, hopefully you've got to automated and you don't 572 00:26:13,480 --> 00:26:14,760 Speaker 1: have to worry about it at all. But even if 573 00:26:14,760 --> 00:26:16,600 Speaker 1: you do need to do it manually, maybe it's something 574 00:26:16,640 --> 00:26:19,399 Speaker 1: you do maybe once a month, like more likely maybe 575 00:26:19,400 --> 00:26:21,760 Speaker 1: once a quarter. And I'm pretty sure you can find 576 00:26:21,760 --> 00:26:23,840 Speaker 1: the time to step away from your work, like I 577 00:26:23,840 --> 00:26:25,720 Speaker 1: don't know, maybe during our bathroom break or maybe during 578 00:26:25,800 --> 00:26:29,400 Speaker 1: lunch where you can actually make those trades happen. But yeah, 579 00:26:29,480 --> 00:26:30,680 Speaker 1: like that's just one of the things one of the 580 00:26:30,760 --> 00:26:32,920 Speaker 1: robin Hood executives said where they're just like, oh, yeah, 581 00:26:32,920 --> 00:26:34,640 Speaker 1: but this is this is what we're hearing from people 582 00:26:34,720 --> 00:26:37,359 Speaker 1: to help people. Well, because of course the pr slant 583 00:26:37,359 --> 00:26:39,320 Speaker 1: has to be to the benefit of everyone, that's why 584 00:26:39,359 --> 00:26:42,120 Speaker 1: we're doing this. But really is to give people, said, 585 00:26:42,200 --> 00:26:44,600 Speaker 1: draw your attention more away from other things that matter 586 00:26:44,920 --> 00:26:47,760 Speaker 1: more into the robin Hood app so that you're doing 587 00:26:47,760 --> 00:26:51,080 Speaker 1: more buying and telling, which makes them more money. That's 588 00:26:51,160 --> 00:26:53,320 Speaker 1: the trading volume has gone down, and that's basically what 589 00:26:53,480 --> 00:26:55,879 Speaker 1: they're trying to what they're trying to remedy when in fact, 590 00:26:56,160 --> 00:26:59,399 Speaker 1: like aftermarket trading, like it's actually not as good for 591 00:26:59,480 --> 00:27:02,000 Speaker 1: the actual ester because the way it works, like there's 592 00:27:02,000 --> 00:27:04,280 Speaker 1: fewer folks on they're making those trades right, which means 593 00:27:04,400 --> 00:27:07,680 Speaker 1: you're going to see wilder fluctuations in the market because 594 00:27:07,720 --> 00:27:10,000 Speaker 1: it is not an accurate representation of what someone is 595 00:27:10,040 --> 00:27:12,480 Speaker 1: willing to buy and sell for and so it's actually 596 00:27:12,720 --> 00:27:15,080 Speaker 1: not in the best interest of the investor from from 597 00:27:15,119 --> 00:27:18,320 Speaker 1: a behavioral standpoint, but even from a price accuracy standpoint 598 00:27:18,400 --> 00:27:21,520 Speaker 1: as well, it's not representative of of a healthy market. Yea, 599 00:27:21,600 --> 00:27:24,520 Speaker 1: I agree, all right, Well, so the the opposite of trading, 600 00:27:24,600 --> 00:27:27,840 Speaker 1: Matt is of course investing. That is what we're all about. 601 00:27:28,080 --> 00:27:31,600 Speaker 1: That we don't want you on the app like trading 602 00:27:31,600 --> 00:27:33,720 Speaker 1: your stuff. We would prefer for you to do it, 603 00:27:33,720 --> 00:27:35,600 Speaker 1: put it on automation, do it inside of your tax 604 00:27:35,600 --> 00:27:38,720 Speaker 1: advantage accounts, and there's actually some some new legislation that 605 00:27:38,760 --> 00:27:41,639 Speaker 1: just passed the House that should provide more help to 606 00:27:41,680 --> 00:27:44,640 Speaker 1: folks who do take the blend investing route that we advocate. 607 00:27:44,960 --> 00:27:47,240 Speaker 1: And this is not officially law yet, but hopefully it 608 00:27:47,280 --> 00:27:49,720 Speaker 1: will be soon. Um. And so let's discuss quickly what's 609 00:27:49,720 --> 00:27:53,360 Speaker 1: in this bill. First, raising the age when folks need 610 00:27:53,440 --> 00:27:57,359 Speaker 1: to take r m d s, which are required minimum distributions, 611 00:27:57,440 --> 00:27:59,800 Speaker 1: something we don't talk much about because obviously it's for 612 00:28:00,080 --> 00:28:02,240 Speaker 1: an older audience, right. R m d's are basically when 613 00:28:02,240 --> 00:28:04,199 Speaker 1: you hit a certain age, it's like you're forced to 614 00:28:04,240 --> 00:28:07,080 Speaker 1: start taking money out of your retirement account because the 615 00:28:07,160 --> 00:28:09,560 Speaker 1: government they want the taxes from that money. And so 616 00:28:09,600 --> 00:28:11,400 Speaker 1: I'm just saying, by the time we hit seventy years old, 617 00:28:11,440 --> 00:28:13,760 Speaker 1: I bet we will talk more about r m d s. Well, 618 00:28:13,800 --> 00:28:15,600 Speaker 1: remember when we when we had Ron Lieber on the show, 619 00:28:15,640 --> 00:28:17,480 Speaker 1: we talked to him and He's like, what I write 620 00:28:17,520 --> 00:28:20,639 Speaker 1: about has has completely changed as I've gotten older and 621 00:28:20,640 --> 00:28:22,239 Speaker 1: I'm dealing with different scenarios. And I think the same 622 00:28:22,280 --> 00:28:24,200 Speaker 1: would be true of us exactly. But yeah, r m 623 00:28:24,320 --> 00:28:27,680 Speaker 1: d s would start to gradually phase up from seventy 624 00:28:27,680 --> 00:28:30,160 Speaker 1: and a half to age seventy five. That would happen 625 00:28:30,200 --> 00:28:32,520 Speaker 1: over a number of years. Another thing in this bill 626 00:28:32,720 --> 00:28:35,400 Speaker 1: is it would allow older investors to put more money 627 00:28:35,480 --> 00:28:39,200 Speaker 1: in their workplace retirement accounts each year um and and 628 00:28:39,360 --> 00:28:42,920 Speaker 1: also the bill seeks to make auto enrollment mandatory. And 629 00:28:42,960 --> 00:28:45,239 Speaker 1: it also gives employers the ability to give you a 630 00:28:45,280 --> 00:28:49,600 Speaker 1: cash bonus when you begin participating, which kind of increases 631 00:28:49,920 --> 00:28:52,880 Speaker 1: the likelihood that you're going to And last, but not least, 632 00:28:52,960 --> 00:28:56,000 Speaker 1: this bill gives employers flexibility to help pay student loan 633 00:28:56,040 --> 00:28:59,080 Speaker 1: bills when an employee isn't able to take full advantage 634 00:28:59,080 --> 00:29:01,320 Speaker 1: of the company match. All in all, bunch of cool 635 00:29:01,320 --> 00:29:03,000 Speaker 1: stuff in this bill. I kind of think it's a 636 00:29:03,000 --> 00:29:04,880 Speaker 1: win win win. And actually there's other stuff in the 637 00:29:04,920 --> 00:29:08,200 Speaker 1: bill too, like the Yeah, like those are the kind 638 00:29:08,240 --> 00:29:09,760 Speaker 1: of the highlights that we thought were important, but like 639 00:29:09,800 --> 00:29:11,840 Speaker 1: there is so much more that they're trying to accomplish 640 00:29:11,880 --> 00:29:14,400 Speaker 1: within that bill. And yeah, I agree, I think they're 641 00:29:14,400 --> 00:29:17,320 Speaker 1: trying to accomplish a lot of good things because I mean, 642 00:29:17,520 --> 00:29:19,560 Speaker 1: let's talk about the r m d s, the required 643 00:29:19,560 --> 00:29:22,800 Speaker 1: minimum distributions. A lot of folks are working longer because 644 00:29:22,800 --> 00:29:24,600 Speaker 1: they're still in good health, and those rm d s 645 00:29:24,720 --> 00:29:26,440 Speaker 1: can just be a pain in the butt if you 646 00:29:26,440 --> 00:29:29,040 Speaker 1: are still working, like I don't want to take these out. 647 00:29:29,080 --> 00:29:31,040 Speaker 1: I don't want to you know, face that tax, that 648 00:29:31,160 --> 00:29:33,840 Speaker 1: tax hit at that time. As we're living longer, working longer, 649 00:29:33,840 --> 00:29:37,120 Speaker 1: it just makes sense that those should be pushed back. Yeah. Absolutely, 650 00:29:37,160 --> 00:29:40,160 Speaker 1: And you know, those contribution caps, those can be particularly 651 00:29:40,200 --> 00:29:43,680 Speaker 1: harmful to folks who got started investing later on in life, 652 00:29:43,720 --> 00:29:45,680 Speaker 1: you know, and they might need more of an ability 653 00:29:45,720 --> 00:29:49,360 Speaker 1: to catch up. It makes sense. Uh, incentives, they just 654 00:29:49,360 --> 00:29:51,240 Speaker 1: play such a major role in why we do what 655 00:29:51,280 --> 00:29:54,200 Speaker 1: we do. And so you know, whether it's incentivizing younger 656 00:29:54,200 --> 00:29:57,040 Speaker 1: folks to get started investing, older Americans to stock away 657 00:29:57,080 --> 00:29:59,520 Speaker 1: more like, these are all great things in our book. 658 00:29:59,560 --> 00:30:02,160 Speaker 1: And so hopefully we'll see this pass and hopefully we 659 00:30:02,200 --> 00:30:04,880 Speaker 1: will have some good news to share once this actually 660 00:30:04,920 --> 00:30:07,400 Speaker 1: becomes law. And by the way, we're actually gonna talk 661 00:30:07,480 --> 00:30:11,920 Speaker 1: more about single stock investing. We can't say we're not 662 00:30:11,920 --> 00:30:14,840 Speaker 1: gonna say stocks at all during that episode, but we're 663 00:30:15,120 --> 00:30:17,840 Speaker 1: we're gonna have that episode for you, uh next week, 664 00:30:17,960 --> 00:30:20,080 Speaker 1: next Wednesday here on the show. You can look forward 665 00:30:20,080 --> 00:30:22,000 Speaker 1: to that. You know, we've had some listener pushback there, 666 00:30:22,000 --> 00:30:24,080 Speaker 1: like Matt and Joel, I don't necessarily agree with your philosophy. 667 00:30:24,120 --> 00:30:25,720 Speaker 1: So we were like, all right, well, let's let's talk 668 00:30:25,720 --> 00:30:29,080 Speaker 1: about it, tackle this subject exactly. But all right, Matt, 669 00:30:29,120 --> 00:30:31,360 Speaker 1: we have to look forward to spring break is next 670 00:30:31,360 --> 00:30:35,000 Speaker 1: week for our kids. It is plan no big plans 671 00:30:35,040 --> 00:30:37,760 Speaker 1: for us, actually a bunch of house projects. So we 672 00:30:37,840 --> 00:30:40,200 Speaker 1: are there's a number of little things. Like a true 673 00:30:40,200 --> 00:30:43,640 Speaker 1: old man, it really is. We're planning to go camping 674 00:30:43,680 --> 00:30:45,960 Speaker 1: with some friends and then we couldn't find any any 675 00:30:46,000 --> 00:30:48,960 Speaker 1: camping sites at this particular spot, and life kind of 676 00:30:48,960 --> 00:30:51,479 Speaker 1: got busy for them. Same with us there there there's uh, 677 00:30:51,680 --> 00:30:53,440 Speaker 1: several things on our plates. So we when we used 678 00:30:53,440 --> 00:30:56,160 Speaker 1: to be young and fun and do cool stuff. Next year, 679 00:30:56,720 --> 00:30:59,880 Speaker 1: all right, do it next year. This year there's a 680 00:31:00,120 --> 00:31:02,360 Speaker 1: lot to tackle. But what about y'all? So, uh, my 681 00:31:02,440 --> 00:31:04,360 Speaker 1: kids girls are going to be in horseback riding camp, 682 00:31:04,360 --> 00:31:07,280 Speaker 1: which will be super fun. On Thursday, I am going 683 00:31:07,320 --> 00:31:09,240 Speaker 1: to be at the Masters for the first time. That's 684 00:31:09,320 --> 00:31:12,080 Speaker 1: right back in your old stopping rounds. Yeah, August, I'm 685 00:31:12,080 --> 00:31:13,719 Speaker 1: excited for you, man. I'm going to take a lot 686 00:31:13,720 --> 00:31:15,600 Speaker 1: of pictures, will post them to the how of Money 687 00:31:15,640 --> 00:31:19,040 Speaker 1: Instagram account. It's a very unique thing experience. Well, I 688 00:31:19,040 --> 00:31:21,160 Speaker 1: mean just professional golf in general, I guess because I 689 00:31:21,160 --> 00:31:24,600 Speaker 1: haven't been to any other of the major's beside the Masters. 690 00:31:24,920 --> 00:31:26,760 Speaker 1: But it's just so quiet, you know, like you like 691 00:31:26,800 --> 00:31:28,520 Speaker 1: most time you think of sports, and it's just like 692 00:31:29,360 --> 00:31:32,640 Speaker 1: until I get there at least, and it's very very 693 00:31:32,760 --> 00:31:35,880 Speaker 1: quiet until something awesome happens, and then you'll hear just 694 00:31:35,920 --> 00:31:37,920 Speaker 1: like an eruption of applause, like off in a distance, 695 00:31:37,920 --> 00:31:40,240 Speaker 1: which is a ton of fun, cool, awesome. I'm looking 696 00:31:40,240 --> 00:31:42,560 Speaker 1: forward to it, all right. We'll hope everybody has a 697 00:31:42,560 --> 00:31:45,160 Speaker 1: great weekend. We will see you back here on Monday 698 00:31:45,360 --> 00:31:49,120 Speaker 1: with a fresh Ask Htm episode. So Matt, until next time, 699 00:31:49,280 --> 00:32:00,080 Speaker 1: Best Friends Out, Best Friends Out. M