1 00:00:00,080 --> 00:00:03,320 Speaker 1: Welcome to Hod of Money. I'm Joel and I am Matt, 2 00:00:03,360 --> 00:00:07,720 Speaker 1: and today we're talking returning rags, debt, ceiling standoffs, and 3 00:00:07,960 --> 00:00:08,720 Speaker 1: gold in the attic. 4 00:00:28,280 --> 00:00:31,040 Speaker 2: That's right, buddy. This is our Friday Flights where we're 5 00:00:31,040 --> 00:00:33,720 Speaker 2: gonna tackle. We're gonna take on multiple different stories that 6 00:00:33,760 --> 00:00:36,440 Speaker 2: we came across this week, and we're gonna discuss how 7 00:00:36,479 --> 00:00:40,559 Speaker 2: they specifically pertain to your finances and uh, Joel, So 8 00:00:40,640 --> 00:00:42,520 Speaker 2: before we get to that, are you ready to reveal 9 00:00:42,560 --> 00:00:46,400 Speaker 2: to the world your recent big purchase? Yeah, that you made, 10 00:00:46,479 --> 00:00:47,000 Speaker 2: let's do it. 11 00:00:47,040 --> 00:00:49,919 Speaker 1: So I it's for me a big purchase, A new 12 00:00:50,040 --> 00:00:52,640 Speaker 1: use card, a vehicle is that's a big purchase. 13 00:00:52,680 --> 00:00:53,520 Speaker 2: It is, no matter what. 14 00:00:53,840 --> 00:00:55,680 Speaker 1: The board, Well, it was not something we were planning on. 15 00:00:56,040 --> 00:00:59,360 Speaker 1: Homer sadly bit the dust because of a fender bender. 16 00:00:59,720 --> 00:01:03,480 Speaker 1: Are you to carry over the old name? Well, I'm good. 17 00:01:03,800 --> 00:01:05,360 Speaker 2: I don't know. Do I need a rename? I don't know. 18 00:01:05,720 --> 00:01:09,120 Speaker 1: We'll say it's the new Homer Homer, the new and 19 00:01:09,160 --> 00:01:10,840 Speaker 1: improved Homber two point zero. So I had a two 20 00:01:10,880 --> 00:01:12,440 Speaker 1: thousand and six hont To Odyssey, now I have a 21 00:01:12,640 --> 00:01:14,080 Speaker 1: twenty thirteen hon Odyssey. 22 00:01:14,200 --> 00:01:15,959 Speaker 2: Yeah, so I think you can totally carry the name, 23 00:01:16,959 --> 00:01:17,800 Speaker 2: carry the name over. 24 00:01:17,920 --> 00:01:21,600 Speaker 1: Interestingly enough, it is it's so hard to find a 25 00:01:21,600 --> 00:01:24,120 Speaker 1: good use car in the market right now. And obviously, 26 00:01:24,280 --> 00:01:26,319 Speaker 1: like it's been well documented, you and I have talked 27 00:01:26,319 --> 00:01:30,119 Speaker 1: about this on the show, just how prices have escalated 28 00:01:30,240 --> 00:01:32,759 Speaker 1: in the used car market. But then again, interestingly enough, 29 00:01:32,760 --> 00:01:35,959 Speaker 1: like at my two thousand and six Odyssey was was 30 00:01:36,080 --> 00:01:39,319 Speaker 1: totaled because of just a minor fender bender. But I've 31 00:01:39,319 --> 00:01:41,360 Speaker 1: got paid more from the insurance company than I paid 32 00:01:41,400 --> 00:01:45,280 Speaker 1: for the vehicle like three years ago. So the advantages 33 00:01:45,400 --> 00:01:48,680 Speaker 1: of yeah, seeing prices go, that's the bright side. But 34 00:01:48,720 --> 00:01:51,160 Speaker 1: then I paid more than I ever expected I would 35 00:01:51,200 --> 00:01:53,440 Speaker 1: for a ten year old vehicle. I think my my 36 00:01:53,480 --> 00:01:56,960 Speaker 1: final price I bought it finally found an individual selling 37 00:01:57,000 --> 00:01:59,120 Speaker 1: the car twelve seven hundred bucks. 38 00:01:59,320 --> 00:02:01,440 Speaker 2: Not too shad. That's a great price. But I'm hoping 39 00:02:01,440 --> 00:02:04,320 Speaker 2: we're at twenty thirteen, ten year old vehicle, a really nice. 40 00:02:04,200 --> 00:02:06,120 Speaker 1: One too, it's in a great condition. Hoping this one's 41 00:02:06,120 --> 00:02:08,440 Speaker 1: gonna last us, you know, seven eight, ten years. 42 00:02:08,560 --> 00:02:11,280 Speaker 2: Yeah, yeah, so you've got Homer. We're going to refer 43 00:02:11,320 --> 00:02:14,400 Speaker 2: to your van, your Odyssey as Homer, and we'll continue 44 00:02:14,440 --> 00:02:16,919 Speaker 2: to refer to mine as how, And we haven't pulled 45 00:02:16,919 --> 00:02:19,040 Speaker 2: them up next to each other yet, but we're pretty 46 00:02:19,040 --> 00:02:22,360 Speaker 2: sure it's the exact same color. They're basically identical because 47 00:02:22,360 --> 00:02:24,160 Speaker 2: you're old one. It was the older body style. It 48 00:02:24,200 --> 00:02:26,600 Speaker 2: was like a powder blue powder blue, and it was 49 00:02:26,639 --> 00:02:29,080 Speaker 2: before they remodeled it or what do you call it 50 00:02:29,080 --> 00:02:31,080 Speaker 2: when they do the upgrade body style change? Yeah, about us, 51 00:02:31,080 --> 00:02:33,160 Speaker 2: a body style change, but the one you have now, 52 00:02:33,400 --> 00:02:35,040 Speaker 2: these vans are identical. 53 00:02:35,120 --> 00:02:36,760 Speaker 1: I know we do too much. 54 00:02:36,960 --> 00:02:40,000 Speaker 2: It's the same. Well, ours is the twenty twelve, and 55 00:02:40,040 --> 00:02:42,000 Speaker 2: we were joking about this actually as well. I've got 56 00:02:42,000 --> 00:02:45,480 Speaker 2: like four thousand miles on you. We're at like one 57 00:02:45,639 --> 00:02:49,480 Speaker 2: forty five six you're at like one forty one. But man, 58 00:02:50,000 --> 00:02:52,560 Speaker 2: like the amount that we drive now taking the kids 59 00:02:52,560 --> 00:02:54,000 Speaker 2: to school, I don't think there's any way that you're 60 00:02:54,000 --> 00:02:58,239 Speaker 2: gonna know you're gonna be able to catch us, you guys. Hopefully, yeah, yeah, 61 00:02:58,240 --> 00:03:02,200 Speaker 2: hopefully we'll have I think for another one hundred thousand miles. 62 00:03:03,240 --> 00:03:05,679 Speaker 1: Long last we had a flexible budget. We were even 63 00:03:05,720 --> 00:03:08,200 Speaker 1: looking at potentially like twenty thousand dollars men Evans, but 64 00:03:08,240 --> 00:03:10,200 Speaker 1: I really didn't want to do that. That to me, 65 00:03:10,400 --> 00:03:13,080 Speaker 1: as someone who hates spending money on cars. I wanted 66 00:03:13,120 --> 00:03:14,919 Speaker 1: to keep it as minimal as. 67 00:03:14,880 --> 00:03:17,480 Speaker 2: Possible how much we spent well, and especially if you 68 00:03:17,560 --> 00:03:21,080 Speaker 2: end up getting a second vehicle that's yet to be determined, which. 69 00:03:20,880 --> 00:03:23,120 Speaker 1: We might need to at some point. We've talked about 70 00:03:23,160 --> 00:03:26,000 Speaker 1: when my wife starts working more. But I will say 71 00:03:26,040 --> 00:03:29,560 Speaker 1: my friend Megan, she just mentioned to me that she 72 00:03:29,680 --> 00:03:32,440 Speaker 1: has a strict budget for her used car purchase, which 73 00:03:32,480 --> 00:03:35,120 Speaker 1: I appreciate, But she said like every time she would 74 00:03:35,120 --> 00:03:37,240 Speaker 1: go talk to somebody, they kept trying to force her 75 00:03:37,360 --> 00:03:39,040 Speaker 1: get her to spend more money, like well, yeah, well 76 00:03:39,080 --> 00:03:41,160 Speaker 1: I it's an extra few thousand dollars, and she's sticking 77 00:03:41,160 --> 00:03:42,680 Speaker 1: to her gun. She said, why are these people trying 78 00:03:42,680 --> 00:03:43,680 Speaker 1: to tell me to spend more? 79 00:03:43,960 --> 00:03:44,680 Speaker 2: And I love that. 80 00:03:44,720 --> 00:03:46,880 Speaker 1: I mean, I think it is Yes, it is hard, 81 00:03:46,920 --> 00:03:49,000 Speaker 1: and you might be shocked. If you find yourself in 82 00:03:49,040 --> 00:03:51,800 Speaker 1: the used car market about how much vehicles cost, You're 83 00:03:51,840 --> 00:03:54,480 Speaker 1: likely going to be super surprised at just how much 84 00:03:54,600 --> 00:03:55,640 Speaker 1: these vehicles are going for. 85 00:03:55,880 --> 00:03:57,640 Speaker 2: If you haven't purchased a new vehicle in the past 86 00:03:57,720 --> 00:03:59,720 Speaker 2: three years, you're in for a shot. 87 00:03:59,840 --> 00:04:02,280 Speaker 1: Yes, I was in for sticker shock myself as I 88 00:04:02,320 --> 00:04:05,840 Speaker 1: was looking around, but still stick to your budget. Don't 89 00:04:05,880 --> 00:04:08,840 Speaker 1: blow the budget in order to get something a little 90 00:04:08,840 --> 00:04:10,840 Speaker 1: bit nicer, a little bit newer, or anything like that. 91 00:04:10,880 --> 00:04:13,040 Speaker 1: I mean, I think it feels like a brave new 92 00:04:13,080 --> 00:04:16,400 Speaker 1: world of car pricing. But yeah, know what it is 93 00:04:16,400 --> 00:04:19,120 Speaker 1: that you can afford and stick to that. Don't let 94 00:04:19,160 --> 00:04:21,240 Speaker 1: somebody else talk into spending more than you you should. 95 00:04:21,279 --> 00:04:23,720 Speaker 2: Yeah, don't let somebody else talk you into their goals 96 00:04:24,440 --> 00:04:27,039 Speaker 2: what it is that they are projecting on you. But 97 00:04:27,680 --> 00:04:29,640 Speaker 2: I hope you get to hang on to the new 98 00:04:29,760 --> 00:04:32,680 Speaker 2: odyssey for many years to come join two. All right, 99 00:04:32,760 --> 00:04:35,719 Speaker 2: let's hit our stories, our Friday of flights. And you know, 100 00:04:35,720 --> 00:04:38,000 Speaker 2: there's been a lot of talk about the US debt 101 00:04:38,000 --> 00:04:41,120 Speaker 2: ceiling negotiations that have been taking place this week. We 102 00:04:41,200 --> 00:04:43,960 Speaker 2: actually wrote about that in our How the Money newsletter 103 00:04:44,080 --> 00:04:46,800 Speaker 2: earlier this week on Tuesday. And just so you know, 104 00:04:46,839 --> 00:04:49,880 Speaker 2: we're not gonna get political here. But by the way, 105 00:04:50,000 --> 00:04:52,359 Speaker 2: all of our previous newsletters they actually live on the site, 106 00:04:52,400 --> 00:04:55,360 Speaker 2: so you can still read that newsletter if you aren't 107 00:04:55,440 --> 00:04:58,400 Speaker 2: subscribed yet. But it's not just that says yet, because 108 00:04:58,400 --> 00:05:01,000 Speaker 2: you're gonna go subscribe, right, we want you, Yeah, howamuney 109 00:05:01,040 --> 00:05:04,200 Speaker 2: dot com slash newsletter, So it's not just our national 110 00:05:04,200 --> 00:05:07,000 Speaker 2: finances that are facing a bit of a debt crisis. 111 00:05:07,040 --> 00:05:10,200 Speaker 2: It's also our personal ones as well. As a nation, 112 00:05:10,240 --> 00:05:13,640 Speaker 2: we've broken our own record and we now have over 113 00:05:13,680 --> 00:05:19,080 Speaker 2: seventeen trillion dollars in overall household debt. Credit cards they 114 00:05:19,120 --> 00:05:23,000 Speaker 2: were a contributing factor as typically credit card bounces, they 115 00:05:23,000 --> 00:05:26,800 Speaker 2: decline in the first quarter, paying off that Christmas debt exactly. Yeah, 116 00:05:26,839 --> 00:05:28,360 Speaker 2: but this is the first time in twenty years that 117 00:05:28,480 --> 00:05:31,440 Speaker 2: that didn't happen. They stayed flat. Which you see that 118 00:05:31,440 --> 00:05:33,400 Speaker 2: it stayed flat, and you think, oh, that's a good thing. No, no, no, 119 00:05:33,480 --> 00:05:35,720 Speaker 2: that's actually a bad thing. Is normally it goes down, 120 00:05:35,960 --> 00:05:39,960 Speaker 2: but it doesn't stop there because delinquency and serious delinquencies 121 00:05:39,960 --> 00:05:44,039 Speaker 2: that's where a payment is over ninety days late. Those 122 00:05:44,120 --> 00:05:47,400 Speaker 2: are also up. Auto loan delinquencies are also up in 123 00:05:47,440 --> 00:05:50,360 Speaker 2: a big way as well. So this is all its 124 00:05:50,480 --> 00:05:54,120 Speaker 2: kind of bad news. Not all is rotten in North America. 125 00:05:54,200 --> 00:05:56,080 Speaker 2: And I'm sure that these numbers they would be far 126 00:05:56,160 --> 00:05:59,520 Speaker 2: less drastic if you were to just pull our audience. 127 00:06:00,040 --> 00:06:02,960 Speaker 2: But this still doesn't bode well for the American public 128 00:06:03,000 --> 00:06:05,279 Speaker 2: as a whole. Not all debt is bad, but the 129 00:06:05,320 --> 00:06:08,799 Speaker 2: way that our country handles debt. It's messed up, both 130 00:06:09,160 --> 00:06:13,080 Speaker 2: at the federal as well as the individual level. And 131 00:06:13,160 --> 00:06:15,040 Speaker 2: again based on the fact that we didn't see bounces 132 00:06:15,120 --> 00:06:17,880 Speaker 2: go down in Q one, I think this is unfortunately 133 00:06:17,880 --> 00:06:19,760 Speaker 2: going to be the year that we see credit card 134 00:06:20,040 --> 00:06:23,280 Speaker 2: overall credit card debt reached that one trillion dollar mark, 135 00:06:23,480 --> 00:06:25,640 Speaker 2: Which that's not a prize that you want to wait 136 00:06:25,800 --> 00:06:28,080 Speaker 2: like bright. It's likely a trophy that we're going to receive, 137 00:06:28,400 --> 00:06:30,320 Speaker 2: even though it's not one that we should be striving for. 138 00:06:30,440 --> 00:06:34,040 Speaker 1: Yeah, it's interesting to see how our government handles money 139 00:06:34,040 --> 00:06:36,119 Speaker 1: and how we handle money as individuals, and it feels 140 00:06:36,160 --> 00:06:40,520 Speaker 1: like this it's this collective cultural catastrophe really that we've 141 00:06:40,520 --> 00:06:44,160 Speaker 1: got going on, that we've got brewing. And at least 142 00:06:44,480 --> 00:06:47,960 Speaker 1: we can't control necessarily what the politicians are doing or 143 00:06:48,000 --> 00:06:50,720 Speaker 1: how they're handling this, but we can control at least 144 00:06:50,720 --> 00:06:52,760 Speaker 1: in some regard. We have a lot more control than 145 00:06:52,760 --> 00:06:55,240 Speaker 1: we think, lots of times over what happens to our 146 00:06:55,240 --> 00:06:58,839 Speaker 1: own personal debt situation. And I think it's just become normalized. 147 00:06:58,960 --> 00:07:01,400 Speaker 1: It's normal to take on debt for all sorts of things. 148 00:07:01,520 --> 00:07:03,480 Speaker 1: I could have taken on debt to buy a new car, right, 149 00:07:03,600 --> 00:07:06,280 Speaker 1: or to buy even a newer used car. But no way, Jose, 150 00:07:06,480 --> 00:07:10,880 Speaker 1: Like that's against everything I stand for, right, And so yeah, 151 00:07:10,920 --> 00:07:12,560 Speaker 1: I think it's good to see some of these stats 152 00:07:12,560 --> 00:07:15,360 Speaker 1: and see that things are getting worse, and then just 153 00:07:15,480 --> 00:07:18,720 Speaker 1: hopefully it awakens all of us to the fact that 154 00:07:19,160 --> 00:07:21,920 Speaker 1: we can and should be taking a different tact, because 155 00:07:21,960 --> 00:07:25,560 Speaker 1: if we're handling our finances like everybody else's, we're also 156 00:07:25,680 --> 00:07:27,840 Speaker 1: going to be behind the eight ball just like everybody else. 157 00:07:28,400 --> 00:07:30,640 Speaker 1: But one thing we've got in our favor, Matt, is 158 00:07:30,640 --> 00:07:33,400 Speaker 1: that egg prices are beginning to come back down to earth. 159 00:07:34,280 --> 00:07:37,840 Speaker 1: Glad to see that heading in the right direction, right exactly. 160 00:07:38,240 --> 00:07:40,480 Speaker 1: And I'm sure everyone out there has noticed that egg 161 00:07:40,480 --> 00:07:43,200 Speaker 1: egg prices are not what they were like six months ago, 162 00:07:43,680 --> 00:07:45,360 Speaker 1: even if they're still a little bit higher than they 163 00:07:45,360 --> 00:07:48,560 Speaker 1: were a pre pandemic, but the average wholesale price that 164 00:07:48,600 --> 00:07:50,600 Speaker 1: means before they get marked u at the grocery store, 165 00:07:50,800 --> 00:07:53,880 Speaker 1: are down to seventy eight cents a dozen from five 166 00:07:53,960 --> 00:07:56,480 Speaker 1: dollars and thirty cents at the end of last year, 167 00:07:56,720 --> 00:07:59,000 Speaker 1: which is ridiculous. It's not like eggs make up this 168 00:07:59,240 --> 00:08:01,520 Speaker 1: huge percentage of the CPI or anything, but you know, 169 00:08:01,640 --> 00:08:03,360 Speaker 1: like it's one of those things that we all noticed 170 00:08:03,400 --> 00:08:05,440 Speaker 1: when we go into the grocery store. Egg prices and 171 00:08:05,480 --> 00:08:07,320 Speaker 1: milk prices. It makes up a large part of the 172 00:08:07,320 --> 00:08:13,040 Speaker 1: CPI in our hearts exactly. And like inflation is slowly 173 00:08:13,080 --> 00:08:15,760 Speaker 1: but surely calming down. We've had ten consecutive months of 174 00:08:15,800 --> 00:08:18,960 Speaker 1: declining inflation. Another big price drop we've seen over the 175 00:08:18,960 --> 00:08:21,520 Speaker 1: past year in the kitchen, by the way, bacon, which 176 00:08:21,520 --> 00:08:24,280 Speaker 1: I was also glad to see. Bacon and eggs they 177 00:08:24,320 --> 00:08:27,440 Speaker 1: pair so well together. But it's bacon is nearly ten 178 00:08:27,480 --> 00:08:29,920 Speaker 1: percent more affordable now than it was last year. 179 00:08:30,240 --> 00:08:32,520 Speaker 2: So stock up all the all the getting's good. Breakfast 180 00:08:32,600 --> 00:08:34,480 Speaker 2: is cheap or baby breakfast for dinner. I mean, that's 181 00:08:34,520 --> 00:08:36,640 Speaker 2: always one of the best dinners you can do. Fast 182 00:08:36,679 --> 00:08:40,240 Speaker 2: Company they published an article about how different tech companies 183 00:08:40,240 --> 00:08:43,280 Speaker 2: out there how they want their users of the free 184 00:08:43,320 --> 00:08:46,360 Speaker 2: services that they offer to start paying for the services. 185 00:08:46,400 --> 00:08:48,280 Speaker 2: They're not going to be offering them for free anymore. 186 00:08:48,720 --> 00:08:51,760 Speaker 2: These free tier plans are slowly coming to an end. 187 00:08:52,040 --> 00:08:55,000 Speaker 2: Paying for the blue check on Twitter, like that's it's 188 00:08:55,000 --> 00:08:57,880 Speaker 2: infamous at this point. It's been subject to a whole 189 00:08:57,920 --> 00:08:59,480 Speaker 2: lot of consternation, a lot. 190 00:08:59,400 --> 00:09:01,960 Speaker 1: Of people upset, especially celebrities on Twitter who are like, 191 00:09:02,480 --> 00:09:05,160 Speaker 1: how near the outlets? How you remove my blue check 192 00:09:05,200 --> 00:09:06,000 Speaker 1: mark that I earned. 193 00:09:06,320 --> 00:09:09,080 Speaker 2: It's not just Elon though, who's opting for these tactics. 194 00:09:09,320 --> 00:09:12,439 Speaker 2: There are other tech companies and they're taking the same approach. So, 195 00:09:12,520 --> 00:09:16,040 Speaker 2: for instance, Zoom they have further limited the amount of 196 00:09:16,040 --> 00:09:18,360 Speaker 2: time that you can spend on a Zoom call for 197 00:09:18,400 --> 00:09:21,800 Speaker 2: free mail Chimp they slashed their free plan pretty significantly 198 00:09:21,880 --> 00:09:25,080 Speaker 2: last year and this year as well. Peacock they no 199 00:09:25,120 --> 00:09:28,840 Speaker 2: longer have a free streaming tier as well, and one 200 00:09:28,880 --> 00:09:32,720 Speaker 2: that impacted us Hootsuite. I always say hootsuit or whatever, 201 00:09:32,760 --> 00:09:34,280 Speaker 2: but we used to use that. It was a free 202 00:09:35,240 --> 00:09:39,640 Speaker 2: social media publishing planning software or whatever, but then they 203 00:09:39,679 --> 00:09:42,920 Speaker 2: stopped offering their free version, so that's something we no 204 00:09:42,960 --> 00:09:46,360 Speaker 2: longer use. Although I wanted some stuff to continue to 205 00:09:46,360 --> 00:09:49,000 Speaker 2: go out while we're in Scotland, and so I signed 206 00:09:49,040 --> 00:09:50,720 Speaker 2: up and gave him my credit card info because there's 207 00:09:50,720 --> 00:09:52,800 Speaker 2: a free thirty days there you go. But of course 208 00:09:52,840 --> 00:09:55,800 Speaker 2: we got that canceled date on the time. Yes, yeah, 209 00:09:56,160 --> 00:09:58,760 Speaker 2: I mean, we're okay with you paying for services if 210 00:09:58,800 --> 00:10:01,600 Speaker 2: you get value out, but just realize there are fewer 211 00:10:01,720 --> 00:10:03,640 Speaker 2: of those free services that are going to be available, 212 00:10:03,640 --> 00:10:05,720 Speaker 2: and we want you to be proactive when it comes 213 00:10:05,760 --> 00:10:08,760 Speaker 2: to the different subscriptions that you're paying for sure, and 214 00:10:08,800 --> 00:10:10,800 Speaker 2: these tech companies, they have the right to charge for 215 00:10:10,800 --> 00:10:13,160 Speaker 2: their product. Like more power to you. The freemium model. 216 00:10:13,880 --> 00:10:17,280 Speaker 2: I love that it exists. But if a company says, hey, 217 00:10:17,280 --> 00:10:20,160 Speaker 2: guess what, we want to either downgrade the free tier 218 00:10:20,440 --> 00:10:23,880 Speaker 2: or not offer one at all, I mean more power 219 00:10:23,880 --> 00:10:26,760 Speaker 2: to you. You've got the right. You spend money creating this, 220 00:10:26,920 --> 00:10:29,280 Speaker 2: creating this tool, and you're trying to make it profitable. 221 00:10:29,440 --> 00:10:31,600 Speaker 2: That makes sense to me. But we, as the consumer, 222 00:10:31,640 --> 00:10:33,960 Speaker 2: we also have the right to say, yeah, not worth 223 00:10:33,960 --> 00:10:36,640 Speaker 2: it to me, No, thank you, thanks, thanks, but no thanks. 224 00:10:37,040 --> 00:10:40,400 Speaker 2: On the opposite note, though, Matt of getting charged for technology, 225 00:10:40,920 --> 00:10:43,920 Speaker 2: a new tech company is still playing by the old model, 226 00:10:43,960 --> 00:10:46,200 Speaker 2: actually trying to give you something you're likely to be 227 00:10:46,240 --> 00:10:48,800 Speaker 2: interested in for free, but it comes with a catch. 228 00:10:48,800 --> 00:10:49,800 Speaker 2: There's some fine print involved. 229 00:10:49,880 --> 00:10:54,160 Speaker 1: Yeah yeah, free in quotes, yes, so not truly free, 230 00:10:54,240 --> 00:10:57,439 Speaker 1: right right. There's this new company called Telly, and they 231 00:10:57,440 --> 00:11:00,000 Speaker 1: want to give you a free television, a free TV, 232 00:11:00,200 --> 00:11:04,280 Speaker 1: in exchange for personalized data. You give them basically data 233 00:11:04,320 --> 00:11:06,840 Speaker 1: about yourself through your viewing habits, so they can serve 234 00:11:06,880 --> 00:11:10,080 Speaker 1: you highly tailored ads on a second screen that comes 235 00:11:10,080 --> 00:11:12,280 Speaker 1: attached to the TV that they're giving you. So, yes, 236 00:11:12,720 --> 00:11:14,720 Speaker 1: there's a fifty five inch screen that you get for 237 00:11:14,920 --> 00:11:17,960 Speaker 1: viewing your shows, and then there's a soundbar and then 238 00:11:18,000 --> 00:11:21,720 Speaker 1: a nine inch screen for full time ad displays that 239 00:11:21,760 --> 00:11:25,360 Speaker 1: they can show you whenever they'd like. And so you 240 00:11:25,440 --> 00:11:27,400 Speaker 1: got to pay attention to the fine print though, because yeah, 241 00:11:27,400 --> 00:11:30,839 Speaker 1: you're also sharing your viewing data with Telly. And if 242 00:11:30,880 --> 00:11:33,439 Speaker 1: you say, actually, I've changed my mind, I don't want 243 00:11:33,440 --> 00:11:35,440 Speaker 1: to share that with Telly anymore, they're going to charge 244 00:11:35,440 --> 00:11:37,880 Speaker 1: you five hundred bucks, which is really more than the 245 00:11:37,880 --> 00:11:40,320 Speaker 1: cost of a fifty five inch TV these days, just 246 00:11:40,360 --> 00:11:43,439 Speaker 1: because you opted out right. And so it's interesting. I 247 00:11:43,520 --> 00:11:46,000 Speaker 1: think it's Telly said they have like five hundred thousand 248 00:11:46,080 --> 00:11:48,480 Speaker 1: TVs and it comes from the guy who started Pluto, 249 00:11:48,520 --> 00:11:51,040 Speaker 1: which is a pretty cool free streaming service. 250 00:11:51,440 --> 00:11:53,959 Speaker 2: But this guy's the king of free TV. 251 00:11:54,520 --> 00:11:56,720 Speaker 1: Yeah, he wants it to be like I think he 252 00:11:56,800 --> 00:11:58,439 Speaker 1: might make a killing with us, he might do well 253 00:11:58,440 --> 00:12:01,520 Speaker 1: with it. And the truth is a lot of our 254 00:12:01,559 --> 00:12:03,880 Speaker 1: viewing habits are already being tracked, like Visio has admitted 255 00:12:03,920 --> 00:12:07,600 Speaker 1: to this before, but I don't know. Man, like TVs 256 00:12:07,640 --> 00:12:09,880 Speaker 1: are relatively inexpensive. I think my last one was like 257 00:12:09,880 --> 00:12:12,160 Speaker 1: a sixty five inch that I got for two hundred 258 00:12:12,160 --> 00:12:14,960 Speaker 1: and thirty bucks, and a fifty five inch TV can 259 00:12:15,000 --> 00:12:16,320 Speaker 1: be had on Black Friday probably for. 260 00:12:16,360 --> 00:12:17,760 Speaker 2: Like I didn't know you could get it one fifty 261 00:12:17,760 --> 00:12:20,000 Speaker 2: five inch TV and black and white jewel. Right. 262 00:12:20,880 --> 00:12:22,760 Speaker 1: I love to see companies kind of trying to do 263 00:12:22,800 --> 00:12:25,360 Speaker 1: something new, and Telly is definitely doing that. But you 264 00:12:25,480 --> 00:12:27,160 Speaker 1: just still have to be aware as a consumer. If 265 00:12:27,160 --> 00:12:29,280 Speaker 1: you're like I want the free TV, well you had 266 00:12:29,320 --> 00:12:30,880 Speaker 1: to be cool with putting up with the ads and 267 00:12:30,960 --> 00:12:34,160 Speaker 1: also with kind of the data intrusion at the same time. 268 00:12:34,440 --> 00:12:36,560 Speaker 2: Definitely, Yeah, And you described it well, like there's a 269 00:12:36,600 --> 00:12:40,680 Speaker 2: soundbar at the bottom, but the nine inch screen or whatever, 270 00:12:40,679 --> 00:12:42,720 Speaker 2: it doesn't do it justice because it's the screen on 271 00:12:42,760 --> 00:12:44,720 Speaker 2: the lower portion. It goes all the way across the 272 00:12:44,840 --> 00:12:47,120 Speaker 2: entire width of the TV. It's just like the off 273 00:12:47,160 --> 00:12:50,440 Speaker 2: to the side, there's like a nine inch equivalent screen 274 00:12:50,600 --> 00:12:53,120 Speaker 2: that's you know, that's where they're going to display the ads. 275 00:12:53,120 --> 00:12:55,280 Speaker 2: Like the rest of it, there's like widgets like weather 276 00:12:55,840 --> 00:12:58,160 Speaker 2: maybe stock symbol like you know, kind of like the 277 00:12:58,200 --> 00:13:00,360 Speaker 2: widgets on your phone or whatever, that kind of thing. 278 00:13:00,559 --> 00:13:03,320 Speaker 2: But I agree, I think he actually might like this 279 00:13:03,320 --> 00:13:06,200 Speaker 2: could be really popular, a like it really looks kind 280 00:13:06,240 --> 00:13:09,800 Speaker 2: of cool, like the dual panels kind of thing going on, Telly. 281 00:13:09,880 --> 00:13:12,480 Speaker 2: I feel like it's a cool name. The soundbar, like 282 00:13:12,520 --> 00:13:15,199 Speaker 2: I don't even I don't have a soundbar. I'm kind 283 00:13:15,200 --> 00:13:17,000 Speaker 2: of like, oh, a sound bar, that's pretty cool. And 284 00:13:17,040 --> 00:13:19,320 Speaker 2: even the camera I saw that you can do like 285 00:13:19,440 --> 00:13:22,319 Speaker 2: video conferencing, video calls with it. I don't have a 286 00:13:22,400 --> 00:13:24,720 Speaker 2: video or like a little camera on my TV. But 287 00:13:24,800 --> 00:13:27,440 Speaker 2: that being said, like he said, the cost of TVs 288 00:13:27,440 --> 00:13:29,880 Speaker 2: has gone down, and it's not like it's if TVs 289 00:13:29,920 --> 00:13:32,960 Speaker 2: were two three thousand dollars to get a basic television, 290 00:13:32,960 --> 00:13:34,800 Speaker 2: I might be like, oh, I might actually have to 291 00:13:34,800 --> 00:13:38,880 Speaker 2: consider that, but given a where prices are currently. But 292 00:13:38,920 --> 00:13:42,200 Speaker 2: then b the just the the privacy concerns, Like I 293 00:13:42,240 --> 00:13:45,040 Speaker 2: just don't like the idea of there being a camera 294 00:13:45,880 --> 00:13:49,480 Speaker 2: potentially monitoring me. I feel if I was a single dude, 295 00:13:49,600 --> 00:13:52,360 Speaker 2: I would do it because I feel like I'm resilient 296 00:13:52,400 --> 00:13:54,679 Speaker 2: and I can like fight off the temptations that might 297 00:13:54,720 --> 00:13:57,360 Speaker 2: be and just like the onslaught of ads, but I 298 00:13:57,400 --> 00:13:59,200 Speaker 2: don't think my wife would be done with it, and 299 00:13:59,400 --> 00:14:02,920 Speaker 2: like neither one of us, I would want to subject 300 00:14:02,920 --> 00:14:05,720 Speaker 2: our kids to there constantly just being advertised. One of 301 00:14:05,720 --> 00:14:08,480 Speaker 2: my friends I lit billboard in our in our living room. 302 00:14:08,520 --> 00:14:09,800 Speaker 2: One of my friends said, what if you just tape 303 00:14:09,840 --> 00:14:12,520 Speaker 2: something over the place where the ad goes. And it's like, 304 00:14:12,960 --> 00:14:15,520 Speaker 2: I guess that's one solution physically, Yeah, yeah, just trap 305 00:14:15,640 --> 00:14:18,400 Speaker 2: something over it. But yeah, there's always going to be 306 00:14:18,440 --> 00:14:20,200 Speaker 2: trade offs in life. And I think for some folks 307 00:14:20,240 --> 00:14:25,080 Speaker 2: there are some frugal entrepreneuring listeners out there who might 308 00:14:25,080 --> 00:14:27,240 Speaker 2: be thinking, no, you guys are crazy. Of course, I'm 309 00:14:27,240 --> 00:14:29,520 Speaker 2: gonna get the free TV, uh and more power to 310 00:14:29,560 --> 00:14:31,480 Speaker 2: you if if you can resist for sure. 311 00:14:31,520 --> 00:14:33,560 Speaker 1: Yeah, we'll link to We'll link to the site where 312 00:14:33,600 --> 00:14:35,000 Speaker 1: we're telling where you can sign up to try to 313 00:14:35,040 --> 00:14:36,920 Speaker 1: get one of these. Again, I think they have five 314 00:14:36,960 --> 00:14:38,800 Speaker 1: hundred thousand, so it's a lot of use, a lot 315 00:14:38,800 --> 00:14:39,200 Speaker 1: of TVs. 316 00:14:39,240 --> 00:14:41,280 Speaker 2: All right, So there's a chance that you might have 317 00:14:41,320 --> 00:14:44,600 Speaker 2: some gold in your attic. King. So it's still spring, 318 00:14:44,920 --> 00:14:47,480 Speaker 2: and if you haven't done any spring cleaning yet, now 319 00:14:47,680 --> 00:14:50,160 Speaker 2: might be the time. And one random thing to look 320 00:14:50,200 --> 00:14:54,760 Speaker 2: out for is your old VHS collection. So the story 321 00:14:54,800 --> 00:14:56,800 Speaker 2: I guess is maybe for like you got to be 322 00:14:56,880 --> 00:14:58,560 Speaker 2: like our age or older, like you have to be 323 00:14:58,600 --> 00:15:02,360 Speaker 2: like a gen X or basically, yeah, the grandpa millennials tan. 324 00:15:02,320 --> 00:15:04,920 Speaker 1: Ze ers are like, what is a VHS? Please explain 325 00:15:05,000 --> 00:15:05,480 Speaker 1: know what it is? 326 00:15:05,880 --> 00:15:08,920 Speaker 2: But no joke, Like, if you have some VHS tapes 327 00:15:09,000 --> 00:15:11,480 Speaker 2: in your attic, they could actually be worth some money 328 00:15:11,640 --> 00:15:17,120 Speaker 2: because Kiplinger they report that demand is rising for still 329 00:15:17,120 --> 00:15:20,760 Speaker 2: wrap classic movies and in some cases they're going for 330 00:15:20,960 --> 00:15:24,920 Speaker 2: thousands of dollars on sites like eBay or like different 331 00:15:25,000 --> 00:15:28,640 Speaker 2: auction sites that specialize in collectibles like that, especially if 332 00:15:28,640 --> 00:15:30,960 Speaker 2: they're in like mint condition. And so if you've got 333 00:15:31,040 --> 00:15:36,120 Speaker 2: Star Wars like Superman, Rambow, the Goonies, that's a classic. 334 00:15:36,600 --> 00:15:38,880 Speaker 2: But those are some of the VHS titles that are 335 00:15:38,920 --> 00:15:41,280 Speaker 2: in high demand. I guess there's folks out there who 336 00:15:41,280 --> 00:15:43,600 Speaker 2: are just willing to pay that. Yeah, but I wouldn't 337 00:15:43,840 --> 00:15:46,680 Speaker 2: count on them necessarily continuing to go up in value. 338 00:15:47,200 --> 00:15:51,040 Speaker 2: And obviously most of your the standard VHS tapes that 339 00:15:51,120 --> 00:15:53,560 Speaker 2: folks have ling around, like your Disney movies, ones that 340 00:15:53,600 --> 00:15:56,200 Speaker 2: are already opened, they're probably worth pennies. 341 00:15:56,280 --> 00:15:59,040 Speaker 1: Yeah, you're unwrapped to Aladdin is worth like four dollars maybe, 342 00:15:59,080 --> 00:16:02,280 Speaker 1: and most of your opened everything or worth like three cents. 343 00:16:02,400 --> 00:16:05,160 Speaker 1: But there are a select few where you might get lucky, 344 00:16:05,440 --> 00:16:07,040 Speaker 1: or you might be at the thrift store and say, 345 00:16:07,320 --> 00:16:10,600 Speaker 1: on open Rambo, I just like buy that and see 346 00:16:10,600 --> 00:16:12,280 Speaker 1: if you can make some money on it. Yeah. 347 00:16:12,360 --> 00:16:15,200 Speaker 2: Yeah, And again, going back to the whole us being 348 00:16:15,560 --> 00:16:17,800 Speaker 2: geriatric millennials, I feel like you and I are just 349 00:16:17,840 --> 00:16:20,520 Speaker 2: old enough to have remembered walking through a Blockbuster, oh 350 00:16:20,640 --> 00:16:23,320 Speaker 2: like with your dad on a Friday after work, picking 351 00:16:23,320 --> 00:16:24,920 Speaker 2: out a movie that we're all going to watch together. 352 00:16:24,960 --> 00:16:27,040 Speaker 1: Those are the good old days. But for everybody else, 353 00:16:27,040 --> 00:16:30,960 Speaker 1: you can disregard this right just really quickly. You mentioned 354 00:16:30,960 --> 00:16:33,640 Speaker 1: eBay and selling stuff on eBay to make money if 355 00:16:33,680 --> 00:16:36,560 Speaker 1: these old bhsters. But let's say you're buying stuff on eBay. 356 00:16:36,640 --> 00:16:38,760 Speaker 1: There are a few methods I've noticed recently, Matt, that 357 00:16:38,760 --> 00:16:39,840 Speaker 1: have saved me some money. 358 00:16:40,200 --> 00:16:43,000 Speaker 2: And what did you buy a Marino wool shirt? 359 00:16:43,080 --> 00:16:43,160 Speaker 1: No? 360 00:16:43,240 --> 00:16:44,240 Speaker 2: I didn't, Okay, I didn't. 361 00:16:44,360 --> 00:16:46,280 Speaker 1: Not trying to be like you in every single way, 362 00:16:46,520 --> 00:16:49,160 Speaker 1: but like one I shall convert you one way that 363 00:16:49,240 --> 00:16:51,880 Speaker 1: I've noticed that you can save more money when you're 364 00:16:51,880 --> 00:16:54,120 Speaker 1: buying something on eBay. First off, you're buying used hopefully right, 365 00:16:54,160 --> 00:16:56,160 Speaker 1: so you're able to get something at a discount already. 366 00:16:56,240 --> 00:16:58,520 Speaker 1: But if you make a reasonable offer on an item 367 00:16:58,520 --> 00:17:00,680 Speaker 1: that allows for offers to be made, that's a way 368 00:17:00,720 --> 00:17:02,480 Speaker 1: which you can in which you can save money. So 369 00:17:02,800 --> 00:17:05,000 Speaker 1: if the price of the items forty five, but it 370 00:17:05,000 --> 00:17:06,760 Speaker 1: says make me an offer, I don't know, make an 371 00:17:06,800 --> 00:17:09,359 Speaker 1: offer for twenty percent off and then see see if 372 00:17:09,359 --> 00:17:09,800 Speaker 1: they take it. 373 00:17:09,840 --> 00:17:12,520 Speaker 2: Does it show how long that listing has been up there? 374 00:17:12,640 --> 00:17:14,760 Speaker 2: Like days on markets usually like yeah, with real estate, 375 00:17:14,760 --> 00:17:16,679 Speaker 2: because if that's the case, then that should be a 376 00:17:16,760 --> 00:17:19,040 Speaker 2: signal to you that like, hey, there's some weakness. There's 377 00:17:19,080 --> 00:17:20,840 Speaker 2: a chance here that they just want to unload that 378 00:17:20,880 --> 00:17:22,600 Speaker 2: thing if they've been sitting on sitting on it and 379 00:17:22,640 --> 00:17:25,720 Speaker 2: they realize that there is not much demand. But yeah, dude, 380 00:17:25,720 --> 00:17:28,760 Speaker 2: I totally agree. I think just that additional amount of 381 00:17:28,800 --> 00:17:31,120 Speaker 2: friction is enough for most folks just to pass over 382 00:17:31,200 --> 00:17:33,480 Speaker 2: and just be like, well, I'm not gonna mess with 383 00:17:33,840 --> 00:17:36,480 Speaker 2: buying that. I'm not willing to make an offer, and yeah, 384 00:17:36,480 --> 00:17:38,240 Speaker 2: just giving it a shot. I love to make an offer. 385 00:17:38,280 --> 00:17:39,720 Speaker 1: Thing. One other thing you can do. 386 00:17:39,640 --> 00:17:40,720 Speaker 2: You love just giving it a shot. 387 00:17:40,760 --> 00:17:43,399 Speaker 1: I do. I do if it's something I want and 388 00:17:43,440 --> 00:17:45,199 Speaker 1: I'm like, but I'm willing to walk away from if 389 00:17:45,200 --> 00:17:47,480 Speaker 1: it's not the right price. Also, add it to your 390 00:17:47,520 --> 00:17:49,840 Speaker 1: to your wish list or your watch list is what 391 00:17:49,880 --> 00:17:53,159 Speaker 1: it's called. And if you click that button somebody they 392 00:17:53,240 --> 00:17:55,280 Speaker 1: might proactively make you an offer, which I've had this, 393 00:17:55,440 --> 00:17:57,840 Speaker 1: had this done a few times. Nice where you just 394 00:17:57,920 --> 00:17:59,920 Speaker 1: kind of add it and then you wait and see 395 00:18:00,359 --> 00:18:02,560 Speaker 1: the seller is notified that you added it, and then 396 00:18:02,560 --> 00:18:04,280 Speaker 1: they might say, hey, here's fifteen percent off if you 397 00:18:04,320 --> 00:18:06,240 Speaker 1: want to buy it right now. And so that's one 398 00:18:06,240 --> 00:18:07,679 Speaker 1: way to do it. And I just saw this study 399 00:18:07,680 --> 00:18:11,080 Speaker 1: and researchers they studied at twenty five million eBay transactions 400 00:18:11,080 --> 00:18:14,200 Speaker 1: and they found that forty five percent of negotiation attempts 401 00:18:14,240 --> 00:18:18,199 Speaker 1: were successful. So even though the item might be discounted 402 00:18:18,240 --> 00:18:21,200 Speaker 1: already because it's used, it doesn't mean you still can't 403 00:18:21,240 --> 00:18:23,399 Speaker 1: get it for even less. So I loved seeing that 404 00:18:23,680 --> 00:18:25,359 Speaker 1: and that's been my personal experience too. 405 00:18:25,520 --> 00:18:28,320 Speaker 2: Yeah, Man, whether you like it or not, your actions 406 00:18:28,640 --> 00:18:31,440 Speaker 2: are being watched, and with that, retailer gets I notification 407 00:18:31,480 --> 00:18:34,640 Speaker 2: that there's somebody who's interested in their products. I think, Yeah, 408 00:18:34,680 --> 00:18:37,600 Speaker 2: that's a great suggestion. If they want to move that product, 409 00:18:37,640 --> 00:18:39,800 Speaker 2: they'll send you a discount code and you can get 410 00:18:39,800 --> 00:18:43,040 Speaker 2: that thing discounted even more. But Joe, we've got several 411 00:18:43,040 --> 00:18:44,960 Speaker 2: other stories that we're going to get to on today's 412 00:18:45,040 --> 00:18:47,520 Speaker 2: Friday Flight. We're going to talk about coffee. We're going 413 00:18:47,560 --> 00:18:51,159 Speaker 2: to talk about homes, the cost of housing. We're we're 414 00:18:51,160 --> 00:18:52,919 Speaker 2: gonna talk about all the different things you can potentially 415 00:18:53,000 --> 00:18:54,640 Speaker 2: buy with your money. We'll get to all of those 416 00:18:54,680 --> 00:18:56,000 Speaker 2: stories right after this. 417 00:19:05,600 --> 00:19:09,000 Speaker 1: All right, Friday Flight continues, Matt, let's keep talking about 418 00:19:09,119 --> 00:19:12,400 Speaker 1: the stories we found interesting this week in the world 419 00:19:12,440 --> 00:19:14,560 Speaker 1: of personal finance. And of course we always got to 420 00:19:14,560 --> 00:19:17,560 Speaker 1: get tough our ludicrous Headline of the Week listener, David, 421 00:19:17,600 --> 00:19:18,160 Speaker 1: he sent. 422 00:19:18,040 --> 00:19:18,440 Speaker 2: Us this one. 423 00:19:18,480 --> 00:19:20,919 Speaker 1: By the way, if you have something you see that 424 00:19:21,359 --> 00:19:24,840 Speaker 1: reeks as you're reading the headlines, as you're scouring the internet, 425 00:19:24,960 --> 00:19:26,919 Speaker 1: and you see a ridiculous article that you think we 426 00:19:26,920 --> 00:19:29,359 Speaker 1: would like to skewer on the Ludicrous Headline of the 427 00:19:29,359 --> 00:19:31,600 Speaker 1: Week segment, send it our way. We would love to 428 00:19:31,600 --> 00:19:33,360 Speaker 1: see it. But David, send us this one. It comes 429 00:19:33,359 --> 00:19:36,760 Speaker 1: from Business Insider, and here's the headline. Parents are returning 430 00:19:36,960 --> 00:19:41,320 Speaker 1: entire wardrobes of worn out children's clothing to Target. And 431 00:19:41,800 --> 00:19:44,040 Speaker 1: I thought that was really interesting. And this is just 432 00:19:44,040 --> 00:19:48,200 Speaker 1: another example really of people abusing a generous return policy. 433 00:19:48,400 --> 00:19:51,920 Speaker 2: Move over LLB, Yes, everybody else, Well, as you used 434 00:19:51,920 --> 00:19:53,000 Speaker 2: to stand behind their product. 435 00:19:52,840 --> 00:19:55,679 Speaker 1: As we've noticed, Well, it's not necessarily a lack of 436 00:19:55,680 --> 00:19:58,880 Speaker 1: standing behind their products. It's the fact that customers are 437 00:19:59,000 --> 00:20:02,480 Speaker 1: using these returns policies in abhorrent ways. Yep, that these 438 00:20:02,480 --> 00:20:05,840 Speaker 1: companies didn't foresee. And so like, what's happening here with 439 00:20:05,880 --> 00:20:09,320 Speaker 1: Target now ensures that this return policy, this generous return policy, 440 00:20:09,520 --> 00:20:11,400 Speaker 1: likely isn't going to be around much longer, right, being 441 00:20:11,400 --> 00:20:14,160 Speaker 1: forced into the exact same position. Yes, yeah, Target apparently 442 00:20:14,200 --> 00:20:18,480 Speaker 1: has a one year return window for Target branded clothes 443 00:20:18,800 --> 00:20:21,520 Speaker 1: like Cat and Jack. Like that's one of those Target brands. 444 00:20:21,560 --> 00:20:24,399 Speaker 1: They're decently inexpensive clothes. They're kind of cute, and so 445 00:20:24,600 --> 00:20:28,960 Speaker 1: parents they're going hog wild and they're returning used, stained, 446 00:20:29,200 --> 00:20:31,919 Speaker 1: and ripped clothes to their local Target store for a 447 00:20:31,960 --> 00:20:35,439 Speaker 1: full refund. And yeah, don't get me wrong, I like 448 00:20:35,480 --> 00:20:37,680 Speaker 1: a generous return policy as much as the next guy. 449 00:20:37,720 --> 00:20:40,000 Speaker 1: It's one of the reasons I love Costcott. You know, 450 00:20:40,040 --> 00:20:43,639 Speaker 1: we talk about specifically shopping at retailers who offer healthy 451 00:20:43,680 --> 00:20:46,360 Speaker 1: return policies because that is a good sign they stand 452 00:20:46,400 --> 00:20:49,000 Speaker 1: behind their product and they're not going to hassle you 453 00:20:49,200 --> 00:20:51,520 Speaker 1: right for making a return. But even Costco has had 454 00:20:51,560 --> 00:20:54,879 Speaker 1: to become a bit stingier, like, for instance, it's ninety 455 00:20:54,960 --> 00:20:56,959 Speaker 1: d eight return window on electronics. Now, I think they 456 00:20:56,960 --> 00:20:59,280 Speaker 1: did this five or six years ago due to some 457 00:20:59,320 --> 00:21:02,560 Speaker 1: pretty insane return attempts and them losing a ton of 458 00:21:02,560 --> 00:21:05,159 Speaker 1: money because of it. Some folks have even tried to 459 00:21:05,200 --> 00:21:08,160 Speaker 1: return tires at Costco. I've read stories about that, which 460 00:21:08,200 --> 00:21:10,840 Speaker 1: is just like, hey, I've used these for eighty thousand miles, 461 00:21:11,000 --> 00:21:12,280 Speaker 1: take them back and pay me back the full. 462 00:21:12,400 --> 00:21:15,480 Speaker 2: It's even worse than the whole target. Yeah, exact thing exactly. 463 00:21:15,840 --> 00:21:18,399 Speaker 2: You're talking about year's worth of use, that's right. 464 00:21:18,880 --> 00:21:21,080 Speaker 1: Yeah. I love the targets standing behind their store brain 465 00:21:21,119 --> 00:21:23,719 Speaker 1: of clothes to this extent, But to all of our 466 00:21:23,760 --> 00:21:26,440 Speaker 1: listeners out there, just because it's this you know TikTok 467 00:21:26,480 --> 00:21:30,760 Speaker 1: trend to return your kids heavily used clothings. Don't return 468 00:21:30,800 --> 00:21:33,000 Speaker 1: those items three hundred and sixty days after you bought 469 00:21:33,000 --> 00:21:34,360 Speaker 1: them just because you can. 470 00:21:34,600 --> 00:21:37,679 Speaker 2: Yeah, that's cheap, it's frugal and it's that it's the 471 00:21:37,720 --> 00:21:40,439 Speaker 2: timing thing, right because it's okay, Like, I think one 472 00:21:40,480 --> 00:21:42,920 Speaker 2: of the reasons they stand behind their clothes is if 473 00:21:43,080 --> 00:21:45,480 Speaker 2: it tears or something, Right Like, It's not the fact 474 00:21:45,480 --> 00:21:47,800 Speaker 2: that a pair would return clothes that are torn. It's 475 00:21:47,800 --> 00:21:49,879 Speaker 2: the fact that their kids have been wearing them for 476 00:21:49,960 --> 00:21:52,199 Speaker 2: eleven months. It's that part of it. Because if you 477 00:21:52,200 --> 00:21:53,800 Speaker 2: get a pair of shoes or pants and like a 478 00:21:53,880 --> 00:21:56,560 Speaker 2: seam blows out after the first time the kid wears 479 00:21:56,600 --> 00:21:58,320 Speaker 2: it or the first time you wash it, sure, I'd 480 00:21:58,320 --> 00:22:00,200 Speaker 2: be like, oh, what the heck, I want to get 481 00:22:00,200 --> 00:22:02,199 Speaker 2: my money back for this thing. That's not necessarily how 482 00:22:02,200 --> 00:22:05,720 Speaker 2: it's being abused, Like you said, it's social media, and 483 00:22:05,760 --> 00:22:09,280 Speaker 2: as we've seen with TikTok trends, a lot of people participate, 484 00:22:10,560 --> 00:22:13,359 Speaker 2: you know, like the typod challenge or the milk crate. Like, 485 00:22:13,880 --> 00:22:15,800 Speaker 2: I can only imagine that because of this. It's not 486 00:22:15,840 --> 00:22:18,240 Speaker 2: like this is just insider writing about this. This is 487 00:22:18,280 --> 00:22:20,320 Speaker 2: blowing up on social media, which then is going to 488 00:22:20,440 --> 00:22:24,760 Speaker 2: lead to store like Target having to rescind pull back 489 00:22:24,800 --> 00:22:27,439 Speaker 2: on their guarantee. Right Like, I would not be surprised 490 00:22:27,480 --> 00:22:29,639 Speaker 2: if they also do something where they shrink it from 491 00:22:29,880 --> 00:22:32,840 Speaker 2: a full year down to three months or something seems 492 00:22:32,880 --> 00:22:34,000 Speaker 2: a little more reasonable. 493 00:22:34,080 --> 00:22:35,840 Speaker 1: Yeah, it was like when we had that influx of 494 00:22:36,200 --> 00:22:39,280 Speaker 1: online mattress sellers, right and everyone came with a one 495 00:22:39,359 --> 00:22:42,159 Speaker 1: year like guarantee you could send it back and get 496 00:22:42,200 --> 00:22:44,600 Speaker 1: all your money back. Some people were taking full advantage 497 00:22:44,600 --> 00:22:46,280 Speaker 1: and they were just like, I'm gonna order me a 498 00:22:46,280 --> 00:22:48,600 Speaker 1: new mattress every three hundred and sixty four days and 499 00:22:48,720 --> 00:22:51,320 Speaker 1: just makes and send it back right before the return 500 00:22:51,359 --> 00:22:54,760 Speaker 1: window it expires. And to me, that's just taking advantage 501 00:22:54,760 --> 00:22:55,600 Speaker 1: of a generous policy. 502 00:22:55,680 --> 00:22:58,119 Speaker 2: Yeah, don't like it. You're just ruining it for everybody 503 00:22:58,160 --> 00:23:00,879 Speaker 2: else out there who might legitimate need to make a 504 00:23:00,920 --> 00:23:04,639 Speaker 2: return because something didn't didn't hold up well. So another 505 00:23:04,680 --> 00:23:08,280 Speaker 2: story that goes hand in hand with Target quite literally Starbucks, 506 00:23:08,440 --> 00:23:11,160 Speaker 2: because Starbucks in almost every tar there is isn't there 507 00:23:11,240 --> 00:23:13,120 Speaker 2: and it smells like popcorn, Like you walk in there, 508 00:23:13,200 --> 00:23:15,439 Speaker 2: it spells like popcorn. You see the Starbucks and then 509 00:23:15,440 --> 00:23:17,800 Speaker 2: you go shopping. But it wasn't that long ago that 510 00:23:17,800 --> 00:23:21,280 Speaker 2: we talked about Starbucks significantly devaluing the points that their 511 00:23:21,280 --> 00:23:25,520 Speaker 2: customers have been accruing via their loyalty program. Well, now 512 00:23:25,560 --> 00:23:29,080 Speaker 2: they're charging you extra if you don't want ice in 513 00:23:29,119 --> 00:23:32,760 Speaker 2: your drink. And you might be thinking, well, that's a weird, 514 00:23:33,520 --> 00:23:35,919 Speaker 2: that's a weird, like why would they be charging you more? Well, 515 00:23:35,960 --> 00:23:37,760 Speaker 2: it's because not feeling that cup, you know, up to 516 00:23:37,800 --> 00:23:41,200 Speaker 2: the brim with ice, it means more that sugary, expensive 517 00:23:41,200 --> 00:23:45,200 Speaker 2: liquid inside your cup. And you know, Starbucks fans, they're 518 00:23:45,200 --> 00:23:49,000 Speaker 2: not happy about this. I personally prefer going light on 519 00:23:49,040 --> 00:23:51,560 Speaker 2: the ice myself because I don't want I just don't 520 00:23:51,560 --> 00:23:53,280 Speaker 2: want all that ice to melt down. And you got 521 00:23:53,320 --> 00:23:56,400 Speaker 2: this really watered down you know, quote unquote ice cold 522 00:23:56,400 --> 00:23:59,080 Speaker 2: brewed coffee that just tastes like, you know, not good. 523 00:24:00,119 --> 00:24:02,600 Speaker 2: I get it, but I also get how no ice 524 00:24:02,640 --> 00:24:05,520 Speaker 2: would also cost Starbucks more money, right like it where 525 00:24:05,560 --> 00:24:09,000 Speaker 2: it would necessitate that upcharge. But as prices go up 526 00:24:09,080 --> 00:24:12,160 Speaker 2: and perks go down, this is a great time to reassess, 527 00:24:12,240 --> 00:24:14,879 Speaker 2: just like we talked about earlier, with a different freemium 528 00:24:15,560 --> 00:24:18,600 Speaker 2: tech platforms out there that are starting to charge their customers, 529 00:24:18,680 --> 00:24:21,199 Speaker 2: do you actually still need that fancy Starbucks drink on 530 00:24:21,240 --> 00:24:23,760 Speaker 2: the rag? Maybe you don't. But honestly, this kind of 531 00:24:23,800 --> 00:24:26,000 Speaker 2: rubs me the wrong way a little bit too, because 532 00:24:26,000 --> 00:24:29,399 Speaker 2: it seems like just a dumb move on. Starbucks's like 533 00:24:29,480 --> 00:24:31,360 Speaker 2: it feels like they're just nickel and diming the customers. 534 00:24:31,359 --> 00:24:33,399 Speaker 2: It makes me think of like the airlines that charge 535 00:24:33,400 --> 00:24:36,280 Speaker 2: you for every single piece of clothing that you bring 536 00:24:36,320 --> 00:24:38,960 Speaker 2: onto the fur Yeah, like, oh, you would like to 537 00:24:39,000 --> 00:24:40,919 Speaker 2: have a water during the flight, that's gonna cost you. 538 00:24:41,240 --> 00:24:44,280 Speaker 2: It's short sided. It seems short sighted unless that's just 539 00:24:44,720 --> 00:24:47,520 Speaker 2: your new target audience, because it's it used to be 540 00:24:47,560 --> 00:24:49,840 Speaker 2: in my mind that Starbucks was like this premium product, 541 00:24:49,880 --> 00:24:52,520 Speaker 2: like you're going there for the experience. But now if 542 00:24:52,680 --> 00:24:54,560 Speaker 2: like if you were going to start charging folks for 543 00:24:54,720 --> 00:24:56,640 Speaker 2: small little things like this, it feels like a race 544 00:24:56,680 --> 00:25:00,720 Speaker 2: to the bottom as opposed to just providing a high 545 00:25:00,800 --> 00:25:01,920 Speaker 2: quality coffee drinker. 546 00:25:01,960 --> 00:25:03,840 Speaker 1: By the way, it is full long cold brew season. 547 00:25:03,960 --> 00:25:06,080 Speaker 1: I make my own and I bring it every day 548 00:25:06,119 --> 00:25:06,400 Speaker 1: to work. 549 00:25:06,400 --> 00:25:08,400 Speaker 2: I haven't switched over yet, have some in the afternoon. 550 00:25:08,400 --> 00:25:10,960 Speaker 2: I thought it was earlier. But it's kind of cool. 551 00:25:12,320 --> 00:25:13,600 Speaker 2: But we're not for long. 552 00:25:13,840 --> 00:25:16,359 Speaker 1: Yeah, we're about to start making is going to hear in 553 00:25:16,400 --> 00:25:18,760 Speaker 1: the South it's gonna get really hot. Yeah, But I 554 00:25:18,800 --> 00:25:21,040 Speaker 1: think that's just an important thing. Like if Starbucks is 555 00:25:21,119 --> 00:25:23,800 Speaker 1: just your habit, maybe this is your perfect excuse to 556 00:25:23,800 --> 00:25:26,240 Speaker 1: get out of the habit, So start start making your own, 557 00:25:26,320 --> 00:25:28,440 Speaker 1: to start bringing your own from home. You're gonna save 558 00:25:28,440 --> 00:25:30,560 Speaker 1: a lot of money and not deal with the annoyance 559 00:25:30,600 --> 00:25:32,520 Speaker 1: of all these like silly up charges and the fact 560 00:25:32,560 --> 00:25:34,439 Speaker 1: that you can't accrue points us quickly and all that 561 00:25:34,440 --> 00:25:36,439 Speaker 1: stuff too. All right, let's talk about bikes for just 562 00:25:36,440 --> 00:25:38,960 Speaker 1: a second. There's been a surge of discounts in the 563 00:25:38,960 --> 00:25:42,080 Speaker 1: biking space. Rad Power Bikes, which I've got a rad 564 00:25:42,119 --> 00:25:45,320 Speaker 1: wagon myself. They've cut the price meaningfully on a few 565 00:25:45,359 --> 00:25:48,520 Speaker 1: of their models. Loot, which is owned by Amazon, now 566 00:25:48,600 --> 00:25:51,720 Speaker 1: this massive discount site where they're liquidating things all the time. 567 00:25:51,720 --> 00:25:53,439 Speaker 1: They even had e bikes for sale this week for 568 00:25:53,520 --> 00:25:55,720 Speaker 1: less than four hundred dollars. You might even still find 569 00:25:55,760 --> 00:25:57,960 Speaker 1: them on there. I'm not sure. But it's not just 570 00:25:58,080 --> 00:26:01,360 Speaker 1: electric bikes that are costing less. It's traditional ones too, 571 00:26:01,480 --> 00:26:05,520 Speaker 1: So bikes of all shapes and sizes are now heavily discounted. 572 00:26:05,800 --> 00:26:08,119 Speaker 1: That's because, like supply chains, they ramped up to produce 573 00:26:08,359 --> 00:26:10,880 Speaker 1: the influx of bikes that we all wanted and kind 574 00:26:10,920 --> 00:26:14,199 Speaker 1: of needed during the heart of the pandemic. I remember 575 00:26:14,280 --> 00:26:17,080 Speaker 1: just seeing like everyone's smiling in my neighborhood riding bikes, 576 00:26:17,440 --> 00:26:22,679 Speaker 1: especially in late twenty twenty, right, But now normalcy has 577 00:26:22,760 --> 00:26:24,920 Speaker 1: kind of resumed. People are biking a whole lot less. 578 00:26:25,440 --> 00:26:28,520 Speaker 1: And if you're in the unfortunate, super unfortunate, I'm not 579 00:26:28,560 --> 00:26:29,879 Speaker 1: biking less, but most people are. 580 00:26:29,920 --> 00:26:31,720 Speaker 2: I just picture all of those formally smiling folks that 581 00:26:31,760 --> 00:26:33,680 Speaker 2: I want to say to them, Hey, this could still 582 00:26:33,720 --> 00:26:35,040 Speaker 2: be a part of your life. You could still be 583 00:26:35,160 --> 00:26:37,479 Speaker 2: just as free with the wind blowing your hair, and 584 00:26:37,720 --> 00:26:39,320 Speaker 2: where it's not costing you any money to get to 585 00:26:39,359 --> 00:26:40,840 Speaker 2: where you need to go. We don't need you're choosing 586 00:26:40,840 --> 00:26:42,600 Speaker 2: not to buy. I don't need social distancing to force 587 00:26:42,640 --> 00:26:43,640 Speaker 2: you to get on your bike. Right. 588 00:26:43,880 --> 00:26:46,240 Speaker 1: And if you're in the market for a bike, by 589 00:26:46,280 --> 00:26:48,359 Speaker 1: the way, now's a great time to be looking in 590 00:26:48,440 --> 00:26:51,320 Speaker 1: both both the new and the used market. Bikes Direct 591 00:26:51,400 --> 00:26:53,040 Speaker 1: is a site that we've talked about for a long 592 00:26:53,080 --> 00:26:56,240 Speaker 1: time for buying a discounted new bike, and Facebook is 593 00:26:56,240 --> 00:26:58,719 Speaker 1: a great place to search for used bikes near you. 594 00:26:59,080 --> 00:27:00,920 Speaker 1: But it's kind of one of those things where their 595 00:27:00,960 --> 00:27:03,280 Speaker 1: loss is your gain. If you a lot of people 596 00:27:03,560 --> 00:27:06,080 Speaker 1: probably trying to sell it for not pennies on the dollar, 597 00:27:06,119 --> 00:27:08,479 Speaker 1: but you might find a half priced bike that's barely 598 00:27:08,600 --> 00:27:11,360 Speaker 1: used because the market's flooded with them. 599 00:27:11,440 --> 00:27:14,720 Speaker 2: I totally agree. Yeah, and also just a heads up 600 00:27:14,760 --> 00:27:16,800 Speaker 2: if you order from one of the different online sites 601 00:27:16,880 --> 00:27:19,560 Speaker 2: that we recommend, like bikes Direct, and we have no 602 00:27:19,600 --> 00:27:22,080 Speaker 2: relationship with them, they're just a good company. But you 603 00:27:22,200 --> 00:27:25,040 Speaker 2: do need to be prepared to handle some assembly. I 604 00:27:25,080 --> 00:27:27,720 Speaker 2: was actually talking to a friend at the gym recently 605 00:27:28,040 --> 00:27:30,120 Speaker 2: and I was telling her about that. I was just like, yeah, 606 00:27:30,119 --> 00:27:32,000 Speaker 2: you know, you're probably gonna have to put the pedals on, 607 00:27:32,119 --> 00:27:35,680 Speaker 2: You'll have to attach the handlebars. And she looked at 608 00:27:35,680 --> 00:27:39,199 Speaker 2: me with a very credulous look. Crazy, what I'm not 609 00:27:39,280 --> 00:27:40,920 Speaker 2: gonna do that? She's like, yeah, how about I call 610 00:27:41,000 --> 00:27:42,920 Speaker 2: you over and you can take care of that formula now. 611 00:27:43,640 --> 00:27:45,040 Speaker 2: But like, it's not how it works. It is not 612 00:27:45,040 --> 00:27:48,160 Speaker 2: that difficult, Like if you have ever purchased something from Ikea, 613 00:27:48,520 --> 00:27:50,879 Speaker 2: you can handle putting together. Like if you can put 614 00:27:50,920 --> 00:27:54,080 Speaker 2: together a billy bookcase, you can attach some pedals to 615 00:27:54,160 --> 00:27:56,760 Speaker 2: a bike. So don't be afraid to actually dig in 616 00:27:56,800 --> 00:27:58,040 Speaker 2: a little bit and learn how to put one of 617 00:27:58,080 --> 00:28:00,480 Speaker 2: these things together, because it'll it will actually saving money 618 00:28:00,480 --> 00:28:02,159 Speaker 2: because you're going to find the best deals online. Is 619 00:28:02,440 --> 00:28:04,520 Speaker 2: there are likely going to be some deals that you'll 620 00:28:04,520 --> 00:28:06,600 Speaker 2: be able to find at a local brick and mortar, 621 00:28:06,680 --> 00:28:09,720 Speaker 2: but when you have the ability to comparison shop online, 622 00:28:09,760 --> 00:28:13,360 Speaker 2: that's definitely where it is that you're going to win. Joll. 623 00:28:13,400 --> 00:28:16,440 Speaker 2: Let's talk about housing, because the home buying market is 624 00:28:16,480 --> 00:28:19,720 Speaker 2: still a bit bonkers depending on the market that you're 625 00:28:20,000 --> 00:28:24,000 Speaker 2: where you're looking. No longer are buyers getting like fifty 626 00:28:24,080 --> 00:28:27,080 Speaker 2: plus offers, you know, and selling for two hundred thousand 627 00:28:27,080 --> 00:28:30,720 Speaker 2: dollars over asking price, but supply it still remains pretty tight. 628 00:28:30,960 --> 00:28:34,800 Speaker 2: Prices are remaining sticky in a lot of markets, and 629 00:28:34,960 --> 00:28:39,680 Speaker 2: rates specifically, I mean they are most definitely cramping affordability. 630 00:28:40,040 --> 00:28:42,240 Speaker 2: This isn't good news for want to be home buyers 631 00:28:42,240 --> 00:28:45,680 Speaker 2: out there. But here is some even more bad news. 632 00:28:45,720 --> 00:28:48,440 Speaker 2: Sixty seven percent of millennials who want to buy a 633 00:28:48,480 --> 00:28:53,160 Speaker 2: home have zero dollars saved for one and eighteen percent 634 00:28:53,160 --> 00:28:55,760 Speaker 2: of those folks had less than ten thousand dollars banked. 635 00:28:56,040 --> 00:28:58,160 Speaker 2: So yeah, this is bad news. That the survey didn't 636 00:28:58,160 --> 00:29:01,840 Speaker 2: specifically show whether these folks we're actively looking or you know, 637 00:29:01,840 --> 00:29:04,120 Speaker 2: they're just kind of perusing a zilo just hoping that 638 00:29:04,160 --> 00:29:07,280 Speaker 2: maybe eventually one day they might own a home years 639 00:29:07,280 --> 00:29:09,760 Speaker 2: down the road, but saving up for a home down 640 00:29:09,800 --> 00:29:13,480 Speaker 2: payment is far from easy, especially these days. But if 641 00:29:13,480 --> 00:29:16,400 Speaker 2: it's a significant goal of yours to actually own a home, 642 00:29:16,680 --> 00:29:18,520 Speaker 2: this is a crucial part of the process, you know, 643 00:29:18,680 --> 00:29:21,560 Speaker 2: actually saving up that down payment. So what you need 644 00:29:21,600 --> 00:29:23,400 Speaker 2: to do is come up with a plan for how 645 00:29:23,480 --> 00:29:26,720 Speaker 2: much you're gonna need to start setting aside, Like pick 646 00:29:26,760 --> 00:29:28,280 Speaker 2: an end date if you know that in a couple 647 00:29:28,280 --> 00:29:31,120 Speaker 2: of years that, oh, hopefully we're not still renting this apartment. 648 00:29:31,680 --> 00:29:34,040 Speaker 2: Plan backwards, you got twenty four months between now and 649 00:29:34,080 --> 00:29:36,360 Speaker 2: then figure out how much you're gonna need need to 650 00:29:36,400 --> 00:29:38,800 Speaker 2: have on hand it and also make sure to include 651 00:29:38,920 --> 00:29:42,000 Speaker 2: other expenses as well, like closing costs, the cost to 652 00:29:42,000 --> 00:29:44,360 Speaker 2: actually move. These are all things that you want to 653 00:29:44,400 --> 00:29:47,480 Speaker 2: consider as well. Yeah, not just ten percent of the 654 00:29:47,560 --> 00:29:49,240 Speaker 2: cost of the cost of the home or anything like that. 655 00:29:49,280 --> 00:29:52,120 Speaker 2: There's additional costs that come your way when you're buying 656 00:29:52,160 --> 00:29:54,239 Speaker 2: a home, and ideally we'd love for you to have 657 00:29:54,320 --> 00:29:57,239 Speaker 2: twenty percent to put down. But that's obviously not an 658 00:29:57,240 --> 00:29:59,280 Speaker 2: easy task, and it's the task it's gotten even harder 659 00:29:59,360 --> 00:30:01,800 Speaker 2: right in recent year, but it is an admirable goal 660 00:30:01,840 --> 00:30:02,840 Speaker 2: for sure, for sure. 661 00:30:02,720 --> 00:30:05,800 Speaker 1: Down agreed, but at a minimum, without a specific goal 662 00:30:05,840 --> 00:30:07,360 Speaker 1: in mind, you're going to flounder when it comes to 663 00:30:07,400 --> 00:30:09,520 Speaker 1: saving up that down payment. So, yeah, take a long, 664 00:30:09,520 --> 00:30:11,600 Speaker 1: hard look at your budget. How much can you shouble 665 00:30:11,920 --> 00:30:14,840 Speaker 1: towards that down payment fund each and every month? And 666 00:30:14,920 --> 00:30:16,680 Speaker 1: who knows what's going to happen with the housing market 667 00:30:16,800 --> 00:30:20,000 Speaker 1: in the coming months or years. And again, yeah, partly 668 00:30:20,160 --> 00:30:23,080 Speaker 1: what happens in the housing market depends on what's happening 669 00:30:23,400 --> 00:30:26,280 Speaker 1: where you are in your local housing market. Because I 670 00:30:26,360 --> 00:30:28,000 Speaker 1: think I saw a mat that the average down payment 671 00:30:28,040 --> 00:30:30,200 Speaker 1: in Mississippi is like seven thousand dollars in the average 672 00:30:30,200 --> 00:30:32,440 Speaker 1: down payment in California is like one hundred and ten 673 00:30:32,480 --> 00:30:34,760 Speaker 1: thousand dollars. And so depending on where you live, that's 674 00:30:35,080 --> 00:30:36,960 Speaker 1: that's going to have a massive difference on how much 675 00:30:37,040 --> 00:30:38,880 Speaker 1: you need to or how much you're likely going to 676 00:30:38,920 --> 00:30:41,400 Speaker 1: have to save. But if you want to own a 677 00:30:41,400 --> 00:30:43,360 Speaker 1: home and you want to be ready to pounce, come 678 00:30:43,400 --> 00:30:45,480 Speaker 1: up with the plans, start saving now, and tend to 679 00:30:45,520 --> 00:30:48,120 Speaker 1: your credit score too, because that's yeah, boosting your score 680 00:30:48,200 --> 00:30:51,040 Speaker 1: is going to mean significant savings month in and month 681 00:30:51,080 --> 00:30:52,880 Speaker 1: out by getting that lower interest rate too. 682 00:30:53,040 --> 00:30:57,080 Speaker 2: Most death on another housing. Note, a decent chunk of 683 00:30:57,120 --> 00:31:02,280 Speaker 2: folks are starting to downsize for a surprising reason, and 684 00:31:02,320 --> 00:31:06,000 Speaker 2: that is utility bills. Utilities, that's just another monthly cost 685 00:31:06,080 --> 00:31:08,320 Speaker 2: that is going up for most folks around the country. 686 00:31:08,600 --> 00:31:11,880 Speaker 2: More than three quarters of Americans have seen more of 687 00:31:11,920 --> 00:31:15,120 Speaker 2: their budget going towards utilities over the past year, Joel. 688 00:31:15,160 --> 00:31:17,520 Speaker 2: Even here in our state of Georgia are the Georgia 689 00:31:17,560 --> 00:31:19,520 Speaker 2: Power They got the go ahead to do like a 690 00:31:19,600 --> 00:31:22,880 Speaker 2: twelve percent rate height increase starting next month. Yeah, not 691 00:31:22,960 --> 00:31:23,720 Speaker 2: looking forward to that one. 692 00:31:23,760 --> 00:31:25,160 Speaker 1: A lot of people are going to be shocked, yes, 693 00:31:25,240 --> 00:31:27,600 Speaker 1: especially as the bills get higher in the summer. 694 00:31:27,600 --> 00:31:29,880 Speaker 2: Anyway, here, oh my gosh, it's a double whaemy for sure. 695 00:31:29,920 --> 00:31:33,120 Speaker 2: But swapping homes just because of utility prices, it's kind 696 00:31:33,160 --> 00:31:36,280 Speaker 2: of like getting a brand new Prius just because gas 697 00:31:36,320 --> 00:31:38,840 Speaker 2: prices are starting to creep up a little bit, right, Like, 698 00:31:38,880 --> 00:31:40,840 Speaker 2: there are probably going to be better ways to handle 699 00:31:40,840 --> 00:31:44,040 Speaker 2: this problem. But for home buyers out there, for folks 700 00:31:44,120 --> 00:31:46,960 Speaker 2: who you don't have that home yet, just remember that 701 00:31:47,120 --> 00:31:49,880 Speaker 2: more square footage is going to mean more heating. It's 702 00:31:49,880 --> 00:31:52,719 Speaker 2: going to mean more cooling here in the summer, Joel. 703 00:31:52,720 --> 00:31:55,600 Speaker 2: So last summer when we moved to where we are, 704 00:31:55,760 --> 00:31:59,800 Speaker 2: we pounced on a house specifically because the location was killer. 705 00:32:00,280 --> 00:32:01,960 Speaker 2: We love the house. That being said, it's not the 706 00:32:01,960 --> 00:32:05,120 Speaker 2: biggest place. There are six of us, two of our 707 00:32:05,120 --> 00:32:07,080 Speaker 2: girls are sharing a bedroom, and so we're kind of like, 708 00:32:07,120 --> 00:32:09,160 Speaker 2: oh man, it'd be nice if we got a place 709 00:32:09,200 --> 00:32:12,080 Speaker 2: that had a little more square footage. But anytime that 710 00:32:12,120 --> 00:32:14,440 Speaker 2: we start having that conversation, I just think about some 711 00:32:14,480 --> 00:32:16,840 Speaker 2: of these additional costs that accompany a bigger place. I 712 00:32:16,880 --> 00:32:19,040 Speaker 2: think about, oh man, the property taxes are going to 713 00:32:19,080 --> 00:32:20,520 Speaker 2: go up. Oh man, it's going to cost more to 714 00:32:20,520 --> 00:32:23,880 Speaker 2: furnish this thing, but also utilities as well. There's something 715 00:32:24,480 --> 00:32:28,480 Speaker 2: comforting about having a nice, compact, efficient space where you 716 00:32:28,520 --> 00:32:30,760 Speaker 2: don't have all these rooms to hate and cool in 717 00:32:30,760 --> 00:32:31,160 Speaker 2: the furnish. 718 00:32:31,160 --> 00:32:32,719 Speaker 1: I mean you and know we've talked about the reality 719 00:32:32,720 --> 00:32:35,920 Speaker 1: of secondary costs with every purchase, yes, and most people 720 00:32:36,320 --> 00:32:37,840 Speaker 1: we just don't factor it in on the front end. 721 00:32:37,880 --> 00:32:39,800 Speaker 1: And that is one of those things where, yeah, you 722 00:32:39,880 --> 00:32:43,080 Speaker 1: got to factor in the higher insurance taxes and heating 723 00:32:43,080 --> 00:32:45,840 Speaker 1: and cooling costs, the utility costs of a bigger home. 724 00:32:46,080 --> 00:32:48,960 Speaker 2: Yeah, it shouldn't necessarily be the primary reason that you 725 00:32:49,000 --> 00:32:51,240 Speaker 2: move or don't move or decide to stay put or whatever, 726 00:32:51,240 --> 00:32:53,280 Speaker 2: but you definitely need to make sure to consider that 727 00:32:53,320 --> 00:32:55,880 Speaker 2: and try to find ways to lower those costs. And 728 00:32:55,920 --> 00:32:57,520 Speaker 2: also one of the ways you can do that is 729 00:32:57,640 --> 00:33:01,440 Speaker 2: by making your home more efficient, more green. Don't forget 730 00:33:01,560 --> 00:33:04,040 Speaker 2: there are tax incentives out there to make your home 731 00:33:04,280 --> 00:33:07,400 Speaker 2: more energy efficient. We actually cover those in detail back 732 00:33:07,440 --> 00:33:10,520 Speaker 2: in episode six fifty six. We'll make sure to link 733 00:33:10,520 --> 00:33:13,480 Speaker 2: to that one. But basically a lot of improvements that 734 00:33:13,520 --> 00:33:15,720 Speaker 2: you can make to your home, they're basically thirty percent off. 735 00:33:15,800 --> 00:33:17,800 Speaker 2: That's the credit that you're going to get back from 736 00:33:17,880 --> 00:33:20,120 Speaker 2: the government. If that was something that you were already 737 00:33:20,200 --> 00:33:22,720 Speaker 2: planning to do, you definitely don't want to miss that. 738 00:33:22,800 --> 00:33:25,000 Speaker 2: But it might even be enough to sway you might. 739 00:33:25,480 --> 00:33:27,440 Speaker 2: That might be like the you know, the straw on 740 00:33:27,480 --> 00:33:29,520 Speaker 2: the camel's back that causes you to say, oh, yeah, 741 00:33:29,600 --> 00:33:31,719 Speaker 2: now is totally the time for us to get some 742 00:33:31,920 --> 00:33:32,920 Speaker 2: insulation in that place. 743 00:33:33,040 --> 00:33:35,000 Speaker 1: By the way, I can first hand speak to how 744 00:33:35,040 --> 00:33:38,640 Speaker 1: wonderful insulation is, oh, because the ceilings and the insulation 745 00:33:38,680 --> 00:33:40,440 Speaker 1: have been ripped out of portions of our house. We 746 00:33:40,480 --> 00:33:42,240 Speaker 1: haven't moved out yet, but I've talked about how the 747 00:33:42,320 --> 00:33:44,080 Speaker 1: tree fell through my house and we're gonna have to 748 00:33:44,080 --> 00:33:45,960 Speaker 1: get there repair. We're kind of we're living in it 749 00:33:46,040 --> 00:33:48,560 Speaker 1: right now. We won't be for much longer because construction's 750 00:33:48,560 --> 00:33:51,120 Speaker 1: about to start, but for the time being, there's no 751 00:33:51,160 --> 00:33:53,560 Speaker 1: insulation and no ceiling, and so it's like literally we're 752 00:33:53,560 --> 00:33:55,360 Speaker 1: looking up straight at the roof and it's some of 753 00:33:55,360 --> 00:33:58,200 Speaker 1: the holes in the roof with a tarp over them, granted, 754 00:33:58,400 --> 00:34:01,200 Speaker 1: but yeah, it's amazing how much hotter it gets with 755 00:34:01,240 --> 00:34:01,800 Speaker 1: no insulation. 756 00:34:01,880 --> 00:34:02,520 Speaker 2: Feeling the heat. 757 00:34:02,640 --> 00:34:06,480 Speaker 1: So I'm just like, it sucks. Insulation's pretty pretty incredible thing. 758 00:34:06,560 --> 00:34:07,960 Speaker 1: It can save you a lot of money, and it's 759 00:34:08,000 --> 00:34:10,600 Speaker 1: pretty inexpensive to make it happen. And yes, the federal 760 00:34:10,640 --> 00:34:13,160 Speaker 1: government will pick up part of the bill for that 761 00:34:13,560 --> 00:34:15,480 Speaker 1: new installation that you want to install as well, So 762 00:34:15,800 --> 00:34:17,560 Speaker 1: all right, man, that's going to do it for this episode. 763 00:34:17,680 --> 00:34:20,200 Speaker 1: For folks who wants show notes, they can find those 764 00:34:20,320 --> 00:34:22,920 Speaker 1: up on our website at how toomoney dot com. And 765 00:34:23,040 --> 00:34:25,879 Speaker 1: we're looking forward to to publishing an interview a hang 766 00:34:26,000 --> 00:34:29,520 Speaker 1: with our friend Brandon the Mad Fcientists. We just got 767 00:34:29,560 --> 00:34:31,960 Speaker 1: to record an episode with him when we were in Scotland, 768 00:34:32,360 --> 00:34:34,240 Speaker 1: and you can check that one out on Monday. 769 00:34:34,280 --> 00:34:37,080 Speaker 2: That's right. Yeah, it was essentially a field recording because 770 00:34:37,400 --> 00:34:40,120 Speaker 2: normally we just record here in our nice little studio. 771 00:34:40,200 --> 00:34:42,360 Speaker 2: But you'll just have to listen here on Monday to 772 00:34:42,360 --> 00:34:44,680 Speaker 2: find out why it is that Brandon did have a 773 00:34:44,719 --> 00:34:48,680 Speaker 2: microphone there in his house in Scotland. Oh, before we 774 00:34:48,960 --> 00:34:51,120 Speaker 2: release you to your weekend, we want to make sure 775 00:34:51,320 --> 00:34:55,000 Speaker 2: that we give a shout out to Josh h. This 776 00:34:55,040 --> 00:34:58,000 Speaker 2: is for the newsletter referral shout out. Josh shared the 777 00:34:58,040 --> 00:35:00,640 Speaker 2: newsletter with a bunch of his friend friends and so 778 00:35:00,719 --> 00:35:03,160 Speaker 2: if you have not yet subscribed to the how to 779 00:35:03,200 --> 00:35:05,080 Speaker 2: Money newsletter, go to how to Money dot com forward 780 00:35:05,120 --> 00:35:07,600 Speaker 2: slash Newsletter and there you can sign up for the 781 00:35:07,600 --> 00:35:12,000 Speaker 2: best personal finance newsletter in the entire country. Joel guarantees it. 782 00:35:12,840 --> 00:35:15,200 Speaker 2: That's gonna be it, buddy. Until next time, best friends 783 00:35:15,239 --> 00:35:16,759 Speaker 2: out and best Friends Out.