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Speaker 1: Welcome to How the Money. I'm Joel and I am Matt,

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Speaker 1: and today we're discussing the science of smarter spending. You know,

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Speaker 1: a buddy, this episode is going to be all about

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Speaker 1: maximizing your satisfaction from the dollars that you get to

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Speaker 1: spend every single day. But should we just cut to

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Speaker 1: the chase and tell folks to that that they shouldn't

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Speaker 1: be spending money, They should only be investing their money,

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Speaker 1: spend their money on e t F that's slightly diversifized, diversified,

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Speaker 1: low cost in excellence. Well, we know, we've always said this,

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Speaker 1: there are a lot of people in the space who

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Speaker 1: kind of lean towards that advice. It's kind of like, yeah,

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Speaker 1: you want to buy something you enjoy, that's dumb. You

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Speaker 1: should be investing for your future instead. And that's just

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Speaker 1: a poor way to treat people. One, it's not going

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Speaker 1: to be long lasting and you're gonna burn out because

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Speaker 1: there are i would say an infantesimally small number of

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Speaker 1: folks who could actually stick to that kind of plan.

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Speaker 1: It's unhelpful and the reality is it's not fun either.

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Speaker 1: We want to we're not robots. We want to find

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Speaker 1: that balance, right, where we are, Like we talked about

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Speaker 1: all the time saving and investing for the future, while

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Speaker 1: like living life to the fullest now, and that doesn't

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Speaker 1: always mean spending a lot of money, like I think

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Speaker 1: sometimes that's the other side of the equation, right, is like, Oh,

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Speaker 1: to live life to the fullest means I've got to

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Speaker 1: spend a lot of money. No, not true. You don't

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Speaker 1: have to have a great life. So we're gonna kind

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Speaker 1: of try to strike that balance talk about but it

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Speaker 1: does mean spending your money in smarter ways. It's not

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Speaker 1: necessarily more, but just being smart about it exactly. So

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Speaker 1: we're gonnaven kind of include some science in this episode

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Speaker 1: as we discuss how to spend more intelligently. But before

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Speaker 1: we get to that, man, I wanted to mention my girls.

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Speaker 1: This past weekend. They ended up playing in there like

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Speaker 1: the best they've ever played, Like five hours together. All

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Speaker 1: they wanted to do was play in the room all

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Speaker 1: all day. It was great. It was great. So, I mean,

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Speaker 1: the little dude, we're just kind of paling around in

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Speaker 1: the house, and but the crazy thing is we had

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Speaker 1: like some extra packaging laying around the house, and so

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Speaker 1: they kind of built their own Barbie House out of

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Speaker 1: this packaging classic. Yeah, which is so cool, the plan

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Speaker 1: with the box proud of themselves. The interesting thing though,

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Speaker 1: is that my oldest daughter already had she has like

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Speaker 1: an actual Barbie playhouse that we got like secondhand from

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Speaker 1: one of these, like one of these resale shops, and

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Speaker 1: she just she hasn't played with it a ton, which

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Speaker 1: is which is fun, which is interesting. But for some

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Speaker 1: reason they were enthralled with this like boxes Barbie house

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Speaker 1: up their own making so and they get they get

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Speaker 1: to decide where the rooms are and no, no, no no,

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Speaker 1: that's in the bedroom, that's a bathroom. It just makes

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Speaker 1: me think a couple of things though, One that I

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Speaker 1: don't know, maybe that was a wasted buying the Barbie

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Speaker 1: house back in the day, even getting it used on

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Speaker 1: a selling swat. Yeah, you never know, maybe we should

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Speaker 1: have opted for the cardboard box, right, We just never

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Speaker 1: know which toys you kids are gonna end up playing with.

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Speaker 1: But funny though, like like how there are certain items

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Speaker 1: that they look really cool, but oftentimes they don't necessarily

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Speaker 1: lead to creativity, Like they don't lead to kids in

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Speaker 1: particular being innovative and and just creating something for themselves. Yeah,

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Speaker 1: it makes me wonder too if I should talk to

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Speaker 1: my daughter about, Hey, if you want to sell this

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Speaker 1: and then put money towards something you're actually gonna use

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Speaker 1: more boxes. We can get more of those for free, probably,

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Speaker 1: but yeah, so towards something else. Like those are the

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Speaker 1: kind of decisions I'm thinking about with my kids to

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Speaker 1: help teach some of value of a dollar. It's like, hey,

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Speaker 1: we don't you don't have to get rid of your stuff,

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Speaker 1: but if it turns out there's some toys you're just

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Speaker 1: not using, maybe decluttering a little bit, but also kind

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Speaker 1: of finding a way to see if they're gonna want

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Speaker 1: to sell some of their stuff. It just kind of

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Speaker 1: sparked that idea in my head. Maybe we need to

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Speaker 1: make that a reality this spring, when people are like

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Speaker 1: doing spring cleaning, maybe we do some ourselves. Yeah, man,

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Speaker 1: that's right. Spring cleaning is just around the bend. It'll

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Speaker 1: be here before we know it. That all right, let's

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Speaker 1: introduce our beer that we are going to enjoy during

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Speaker 1: this episode. This one is called Song of Winter. This

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Speaker 1: is another beer by Hill Farmstead Brewery, sent to us

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Speaker 1: by Michael and Emily. Thank you to you both for

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Speaker 1: donating This is the last of the four beers that

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Speaker 1: they sent our away. But I'm looking forward to enjoying

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Speaker 1: this one and sharing our thoughts at the end of

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Speaker 1: the episode, for sure. But let's get onto the subject

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Speaker 1: at hand. We're talking about the science of smarter spending

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Speaker 1: today on the show, and that's made me think of

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Speaker 1: board games. A lot of things made me think of

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Speaker 1: board games because I just really like board games the best.

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Speaker 1: Yeah you do too, But it was up this was

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Speaker 1: that the second ever episode we did, or the third

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Speaker 1: or something. It was early, I don't know, it's like

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Speaker 1: one of the earliest episodes. We were like, all right,

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Speaker 1: let's let's break down all the different connections between board

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Speaker 1: games and personal fight yea, well, and it's just one

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Speaker 1: of those inexpensive hobbies that you can has a lot

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Speaker 1: of replayability, right, So even if you drop thirty or

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Speaker 1: forty bucks fifty bucks on an awesome game, the reality

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Speaker 1: is you can get a ton of plays out of

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Speaker 1: that game, which means your dollar. It just feels like

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Speaker 1: it's going a lot further, right, And and part of

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Speaker 1: what makes them fun, you know, besides getting to play

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Speaker 1: them with friends and family, is the competition for scarce resources. Right,

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Speaker 1: That's like an elemental part of most of the great

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Speaker 1: board games out there, and it takes a few times

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Speaker 1: around the board to get the resources that you need to,

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Speaker 1: let's say, in the set Settlers of Catan, which is

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Speaker 1: one of the biggest, you know, or at least the

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Speaker 1: longest standing great board games, it's like the it's the

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Speaker 1: gateway drug of board games for sure. Like I feel

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Speaker 1: like it's oftentimes the first one, one of those first

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Speaker 1: German classics. Oh yeah, well, we used to always call

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Speaker 1: that one Settlers, by the way, but now I don't

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Speaker 1: even think they put Settlers on the box on the

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Speaker 1: newer versions. It just says Catan. Well it's easier too,

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Speaker 1: it's five letters. But settlers stands out, Kayton, what is that?

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Speaker 1: Is definitely the most recognizable of those words. I like

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Speaker 1: saying settling. But when you're going around the board, you're

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Speaker 1: you're trying to make settlements, cities, You're trying to get

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Speaker 1: development cards that help you rack up victory points in

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Speaker 1: this game, right, and you just don't get them all immediately,

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Speaker 1: and you're trading back and forth. And you know, Matt,

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Speaker 1: you we you know how we used to play that

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Speaker 1: game back in the day, but we recently revisited it

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Speaker 1: with our wives. We played on a recent trip. We

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Speaker 1: had a blast. But like the game is all about

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Speaker 1: trade offs. Where are you going to build the road

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Speaker 1: if you have the resources to do it, should you

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Speaker 1: scrap your road building altogether right in favor of another plan?

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Speaker 1: You just can't do it all, uh, And you can't

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Speaker 1: get everything you want all at once, And if you could,

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Speaker 1: that would make the game real quick, but also probably

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Speaker 1: really boring, would be a lot of fun. It was

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Speaker 1: just shooting fish in the barrel. And that's kind of

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Speaker 1: the way life is in a lot of ways, right,

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Speaker 1: Like our our money lives are kind of like a

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Speaker 1: game of Catan, as individuals were always making trade offs.

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Speaker 1: Should I take that vacation, or should I contribute to

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Speaker 1: my roth ira A. Should I get those new shoes

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Speaker 1: or should I go out and have a nice dinner.

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Speaker 1: How do we decide these things? These questions that we

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Speaker 1: come across almost every day. That's kind of what today's

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Speaker 1: episodes all about. That's right. And by the way, I'm

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Speaker 1: not going to rub it in, but I'm pretty sure

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Speaker 1: I was the winner of that round of severe losing

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Speaker 1: streak lately, and I'm not okay with it. I will

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Speaker 1: say it took me a few minutes until after I won.

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Speaker 1: But we used to do this thing that whoever won

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Speaker 1: the game, that all the other players had to say,

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Speaker 1: all hail Lord of Catan. It's just another way of

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Speaker 1: just making all of your friends hate you even more

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Speaker 1: after you've whipped out this three final victory points. It's

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Speaker 1: definitely salt in the wound. It is. So you're talking

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Speaker 1: about the resources that we can we get as we're

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Speaker 1: playing a game of settlers, but our our resources, the

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Speaker 1: amount of money that we have on hand is obviously

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Speaker 1: limited as well, and so we are all constantly making

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Speaker 1: these decisions about how it is that we should allocate

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Speaker 1: our dollars so that we can maximize our satisfaction while

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Speaker 1: still making the money moves that a fully grown adult

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Speaker 1: really needs to be doing, you know, given the future

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Speaker 1: things that we're saving up for as well. But aside

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Speaker 1: from saving towards retirement, we often find ourselves stuck in

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Speaker 1: a similar situation when it comes to the stuff that

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Speaker 1: we want to buy right we are we're torn between

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Speaker 1: the decision of spending some some big money on an

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Speaker 1: item that we know is going to last versus maybe

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Speaker 1: an inferior item. It's going to get the job done

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Speaker 1: at least for a little bit before breaks. Right. Uh,

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Speaker 1: And so how should we approach some of these different

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Speaker 1: spending decisions, Because concessions are necessary. Just like I can contained,

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Speaker 1: we can't do it all at once. And that's what

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Speaker 1: we're gonna talk about today. That's like the pre eminent

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Speaker 1: reality in macro and microeconomics is a city scarcity in

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Speaker 1: trade offs. Right. And so the main problem we bump

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Speaker 1: up against, right as we try to become more intentional

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Speaker 1: in our spending is planned obsolescence. And this is summed

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Speaker 1: up with the phrase they don't make them like they

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Speaker 1: used to. If you've heard someone over the age of

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Speaker 1: fifty say that, I don't think anyone over the age

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Speaker 1: of fifty hasn't said that phrase, right, That's just kind

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Speaker 1: of it's part of getting older. He starts to saying

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Speaker 1: those things. I think I found myself saying stuff like

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Speaker 1: that more and more as I'm like, you know, I'm

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Speaker 1: not I'm not over the hill yet like you, Matt,

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Speaker 1: but I'm getting closer now that I'm forty. I say

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Speaker 1: it once a week. Understandable as you should, and like

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Speaker 1: we all tend to point our fingers at a lot

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Speaker 1: of items that do this right. There's there's fast fashion,

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Speaker 1: there's home appliances, electronics all come to mind. Textbooks or

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Speaker 1: one of those textbook examples of something that is made

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Speaker 1: to be obsolete pretty quickly. There's a new edition every

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Speaker 1: couple of years, and so the one you bought, if

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Speaker 1: you bought it too early, well it doesn't work for

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Speaker 1: the class, and and then maybe you can't actually sell

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Speaker 1: it for anything. It's worthless by the time you're done

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Speaker 1: with that class too. But we've all experienced it right

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Speaker 1: where the newer model is lacking because it's not made

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Speaker 1: with the same standards, the same rigor, and oftentimes we

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Speaker 1: don't even have the choice to offer the product that's

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Speaker 1: going to last the longest to bring us the most

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Speaker 1: satisfaction because companies and manufacturers aren't delivering quality goods. It's again,

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Speaker 1: it's baked into the business model of the company for

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Speaker 1: their item to fail after a certain number of years,

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Speaker 1: or to stop updating the software so that you can't

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Speaker 1: actually use it the way you wanted to. After a

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Speaker 1: certain period of time. You'll be back at their doorstep

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Speaker 1: making another purchase. That's the way they like it, that's right. Yeah,

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Speaker 1: So let's let's give an example here. Should you buy

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Speaker 1: a Yetti cooler. I don't even know how much of

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Speaker 1: the scenes cost, but I'm pretty sure they're in the

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Speaker 1: hundreds of dollars kind of thing, like to fifty for

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Speaker 1: a decent Yetti cooling, which is crazy. So you can

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Speaker 1: even do that the way. Did you see that the

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Speaker 1: new story that YETI coolers were washing up on the

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Speaker 1: shores of Alaska? How cool is that? Like enterprising young

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Speaker 1: folks were like just sitting there with their trucks ready

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Speaker 1: and waiting to pounds. I have a hard time believing

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Speaker 1: that actually wasn't like a publicity where they're just like,

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Speaker 1: are cooler as are so bad a that they're gonna

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Speaker 1: be like floating out at sea And they're still gonna

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Speaker 1: be solid, They're still gonna have the ability to keep

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Speaker 1: your beverage cold. But you don't have to go the

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Speaker 1: Yetti route, right because instead you could go to the

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Speaker 1: gas station. You could drop five bucks and get yourself

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Speaker 1: a decent styrofoam cooler. But so, first of all, the dichotomy,

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Speaker 1: it doesn't have to be that extreme right, Like I've

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Speaker 1: got a twenty five dollar backpack cooler from Costco. It

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Speaker 1: does what I needed to do, keeps all the beverages

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Speaker 1: cool in there while we go out to the beach.

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Speaker 1: That's the most important thing the cooler does. Although right

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Speaker 1: it's it's unlikely to the last for decades, like a

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Speaker 1: YETI product claims, But I think that's that's totally fine

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Speaker 1: with me. But the thing is, the variety of options

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Speaker 1: that we have open to us allows for like a

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Speaker 1: like a different strokes for different folks kind of approach,

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Speaker 1: and so we can each opt to purchase what we

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Speaker 1: want to suit our specific needs. Uh. And so before

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Speaker 1: you click by, it's just wise to think through how

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Speaker 1: long you're gonna want a product and what it is

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Speaker 1: that you plan to use it for. That'll help you

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Speaker 1: to answer the question if whether or not you really

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Speaker 1: need a cooler? Are if you're just itching to you know,

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Speaker 1: have that name brand to show off next time you

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Speaker 1: go to the go to the lake or something like that. Um,

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Speaker 1: do you plan to use this cooler more than once?

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Speaker 1: Or are you planning to put fish bait in it

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Speaker 1: and it's gonna make it really stinky and it's gonna

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Speaker 1: be something that you end up passing right away. I

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Speaker 1: don't want to do that with your yet cooler exactly,

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Speaker 1: but if you do want to keep it forever because

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Speaker 1: you're you're thinking I'm gonna always want my beers to

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Speaker 1: be cold, that that I don't know, maybe spending more

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Speaker 1: on the more expensive coolers the way to go. Bottom line,

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Speaker 1: we are all making trade offs. We just want you

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Speaker 1: to know the ones that you are making before you

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Speaker 1: make a purchase. That way, you are making a smart

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Speaker 1: spending decision. Yeah, what am I going to use this

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Speaker 1: for is a great question to ask because it will

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Speaker 1: help inform the choice you make. Whereas you might just

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Speaker 1: be susceptible for the name brand or the cool new

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Speaker 1: look when you know what you're not actually going to

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Speaker 1: use it in the way that it was intended, and

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Speaker 1: the price point just doesn't make sense for what you

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Speaker 1: plan to use it for. Absolutely, And I think planned

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Speaker 1: obsolescens Matt that that can also be just like really

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Speaker 1: frustrating as a consumer as well. Nobody likes to be

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Speaker 1: in the middle of a object and have a tool break.

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Speaker 1: That's that's never fun. Nobody likes being on vacation and

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Speaker 1: having their beach share folding on them. I feel like

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Speaker 1: you have made uh, really cheap beach share decisions in

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Speaker 1: the past. Hey, I still have those that orange and

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Speaker 1: yellow chair that I got from Public's. They still hold up, Okay,

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Speaker 1: all right, so all right, sorry Mr Tommy Bohama. Well

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Speaker 1: I got myna Costco, and of course you know I

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Speaker 1: can return them anytime if they suck. But they're also

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Speaker 1: they're built to last for a lot longer, and they

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Speaker 1: weren't that much more money, So I was totally okay

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Speaker 1: with that purchase. But it's I think it's important to

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Speaker 1: uh not to forget to calculate the annoyance factor of

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Speaker 1: feeling like your cheap crap is breaking on the rag

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Speaker 1: into your purchasing decisions, because you know the fact that

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Speaker 1: the cheap item just isn't getting the job done as

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Speaker 1: well as it could be. That matters, right, And so

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Speaker 1: keep in mind that not only are you wasting your

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Speaker 1: own money if by buying something that's going to break

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Speaker 1: down on you rather quickly that's not gonna last as

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Speaker 1: long as you like it too, but you're also adding

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Speaker 1: one more chotkey to the mountains of trash that we

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Speaker 1: all contribute to so yeah, thinking about out those decisions,

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Speaker 1: how long you need to sign them to last is

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Speaker 1: important too, before you make a purchase. It's true, Yeah,

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Speaker 1: there's an environmental impact as well. But you know, even

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Speaker 1: though we really dislike the concept of planned obsolescence, especially

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Speaker 1: you mentioned like computers or phones that are no longer

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Speaker 1: capable of updating, Like who decides that. The company decides that,

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Speaker 1: and they're just going to decide that, Okay, you now

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Speaker 1: have to buy a new device, right unless my parents

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Speaker 1: they finally just upgraded from the iPhone seven to north

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Speaker 1: like to the newest model. Was it because they were

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Speaker 1: no longer receiving software updates? No, I don't think so.

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Speaker 1: I think they like they were just like, okay, these

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Speaker 1: things are getting long in THEO. But it's one of

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Speaker 1: the way I feel like iPhone supports their stuff longer

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Speaker 1: than Android does. And I was actually disappointed. I think

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Speaker 1: we talked about it on the show when some of

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Speaker 1: the pixel phones after like three years they stopped receiving updates,

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Speaker 1: and that just feels where seven came out what like

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Speaker 1: five years ago. Yeah, and I think those those pixel phones,

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Speaker 1: like they could still work for a lot of people,

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Speaker 1: but Google just doesn't want them to work for you anymore, exactly, Uh,

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Speaker 1: the evil conglomerate. And I still have a pixel saying

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Speaker 1: that as a Pixel owner myself. But bottom line, like,

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Speaker 1: we're kind of dragon planned obsolescens through the med a

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Speaker 1: little bit, right. But even with that being said, I

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Speaker 1: think there's a silver lining to planned obsolescens that that

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Speaker 1: I think is important to point out, and that's the

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Speaker 1: fact that it allows for there to be more affordable

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Speaker 1: goods available to more people who otherwise wouldn't have the

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Speaker 1: opportunity to make that purchase. Right, So not everyone can

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Speaker 1: afford the nicest or even like the middle of the

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Speaker 1: road option. So going back to the cooler example, like

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Speaker 1: sometimes the most affordable five dollar option is going to

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Speaker 1: be all that someone can actually swing well. And going

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Speaker 1: back to the smartphone example, the pixel phones can be

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Speaker 1: in the two something dollar range when the newest iPhones

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Speaker 1: are twice as much a thousand dollars or more often times,

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Speaker 1: so exactly it's a big discrepancy and so yeah, they're

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Speaker 1: not gonna last as long, but man, that costs a

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Speaker 1: lot more a lot less money. Yeah. I think the

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Speaker 1: most important thing here though, is that there are options

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Speaker 1: for folks, And I think a lot of times this

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Speaker 1: is when folks might want to demonized capitalism to its

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Speaker 1: and extend. They're like, oh, of course they're they're just

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Speaker 1: out for profits and they're you know, they're gonna brick

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Speaker 1: my phone. Whatever it is that folks are saying out there.

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Speaker 1: But fact is, if that means that there is somebody

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Speaker 1: who has access to a supercomputer basically in their pocket

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Speaker 1: and they're trying to climb the ranks of society, and

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Speaker 1: and for a lot of folks that means being able

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Speaker 1: to be in touch with an employer, if if they're

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Speaker 1: trying to reach out and or fill a shift something

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Speaker 1: like that. I think there are a lot of advantages

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Speaker 1: for something like a more affordable phone as opposed to

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Speaker 1: drop in a thousand bucks on not even the newest iPhone,

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Speaker 1: but maybe one that's been released fairly recently. Yeah. Well,

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Speaker 1: so when we're talking about spending smarter, I guess one

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Speaker 1: of the things we want to avoid, and it's not

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Speaker 1: completely avoidable, is some of the retailer tricks that make

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Speaker 1: some of their items obsolete much quicker. So we want

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Speaker 1: to be thoughtful in our purchases, but you know, sometimes

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Speaker 1: it is that the products themselves are the problem, and

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Speaker 1: you know, it's up to us to determine which products

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Speaker 1: is going to get the job done before we actually

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Speaker 1: may that transaction gonna be savvy consumers. Yeah, but other

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Speaker 1: times we are the problem. And so after the break,

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Speaker 1: we're gonna talk about how to make a mental shift

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Speaker 1: for for how we spend and how we think about

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Speaker 1: spending so we can make smarter decisions moving forward buying

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Speaker 1: the stuff that's actually going to move the needle on

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Speaker 1: the happiness front for us. We'll discuss right after this.

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Speaker 1: All right, we are still talking through the science of

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Speaker 1: smarter spending and joil before we before we dive into,

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Speaker 1: you know, some of these adjustments that we can make

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Speaker 1: to our mindset in order to internally adjust how we

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Speaker 1: can approach spending more intelligently. Let's dwell for a little

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Speaker 1: bit longer on how products are made. I think because

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Speaker 1: of the planned obsolescence culture that we live in UM,

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Speaker 1: oftentimes we're primed to think that all of our purchases

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Speaker 1: are disposable in some form of fashion, right, But I

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Speaker 1: think this is often like just a self fulfilling prophecy,

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Speaker 1: causing us to in fact engage and throw away consumer behavior.

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Speaker 1: What you're saying is it's not always the item, it's

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Speaker 1: not always the manufacturer. Often times it's our mindset because

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Speaker 1: we feel like everything around us is is toossible trash

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Speaker 1: to a certain extent, that we just kind of participate

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Speaker 1: in that economy. Sure, sure, I mean, and I do

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Speaker 1: think some of the responsibility, like definitely lies with us,

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Speaker 1: because I think, on one hand, somebody might blame companies

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Speaker 1: because they're saying, well, everything is just cheap, and everything

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Speaker 1: is meant to be thrown away, everything is disposable, and

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Speaker 1: they make it harder to fix sometimes. Right. Therefore, everything

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Speaker 1: I buy I throw away when it's looking a little

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Speaker 1: long in the tooth, when it's looking a little ragged, right.

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Speaker 1: But yeah, simultaneously it's it's It also comes down to

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Speaker 1: us as individuals. It comes down to how we think

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Speaker 1: about things. I think we have the ability to fight

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Speaker 1: back and instead opt to buy items that are just

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Speaker 1: made better or or that have better warranties. Because if

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Speaker 1: a company stands behind this product to the tune of

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Speaker 1: a stellar return policy, I think we should be more

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Speaker 1: willing to purchase from that company, even if it ends

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Speaker 1: up costing us more. I think we can expect to

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Speaker 1: pay a little bit more because what you're paying for

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Speaker 1: is an item. You're paying a little bit more for

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Speaker 1: an item that should be a whole lot better. Yeah,

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Speaker 1: but again, I do think as consumers we've just to

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Speaker 1: a certain extent, I think we've gotten lazier and instead

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Speaker 1: of maintaining items and cleaning items and changing the oil

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Speaker 1: in our item, like they're all sorts of ways that

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Speaker 1: we should, I think, be more prone to taking care

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Speaker 1: of the things that we have. But I think some

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Speaker 1: of this comes down to us, and we just want

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Speaker 1: things to be easy. We're lazy and oftentimes would rather

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Speaker 1: just buy a new, cheap thing that's shiny and fresh,

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Speaker 1: that's got that fresh out of the plastic new smell,

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Speaker 1: rather than figuring out how to like change the batteries

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Speaker 1: and something that makes me think of the buy it

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Speaker 1: for life movement, which I think is is cool to see.

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Speaker 1: I think it's kind of like gaining some steam. More

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Speaker 1: and more people are saying I'm going to try to

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Speaker 1: buy stuff that's actually gonna stand the test of time.

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Speaker 1: It's not like this massive, massive movement. I'm sure it's

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Speaker 1: it's just a few sporadic people right around the country.

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Speaker 1: But that is something that I can get behind because

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Speaker 1: it's it's consumer reacting to the planned obsolescence trend, and

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Speaker 1: they're choosing to buy items that are are made to

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Speaker 1: stand the test of time, that are made to last

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Speaker 1: a whole lot longer, and they're backing companies who are

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Speaker 1: making these items. And so we're just like kind of

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Speaker 1: racking on the price of a YETI a little bit

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Speaker 1: like they're they're not cheap coolers, right, And I think

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Speaker 1: a large part of the interest in Yetis is kind

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Speaker 1: of a name brand fascination, which I'm not on board with.

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Speaker 1: But I will say it's a dope looking logo. It

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Speaker 1: looks cool, is it? Is it Austin FC, the soccer

429
00:19:30,119 --> 00:19:33,480
Speaker 1: sponsored by They got the yetti great yet You're written

430
00:19:33,480 --> 00:19:36,040
Speaker 1: across those four letters across the front of their jerseys.

431
00:19:36,119 --> 00:19:38,240
Speaker 1: Looks pretty nice. It looks great. It does look great.

432
00:19:38,280 --> 00:19:39,800
Speaker 1: And this has coming from somebody who does not own

433
00:19:39,840 --> 00:19:41,560
Speaker 1: a Yetie. Man, they are getting so much air time,

434
00:19:41,880 --> 00:19:46,120
Speaker 1: I feel like we should just completely switched to like Microsoft. Well,

435
00:19:46,480 --> 00:19:48,240
Speaker 1: but let's keep going on this on this for a second,

436
00:19:48,240 --> 00:19:50,240
Speaker 1: because they are one of the companies that do make

437
00:19:50,240 --> 00:19:52,480
Speaker 1: a great product that will last for decades to come.

438
00:19:52,760 --> 00:19:55,119
Speaker 1: And so we're not saying that everyone should go out

439
00:19:55,119 --> 00:19:57,040
Speaker 1: there and buy one Matt. You don't know one. I

440
00:19:57,040 --> 00:19:59,360
Speaker 1: don't know one. I don't plan on ow anyone my gosh. Okay,

441
00:19:59,400 --> 00:20:01,120
Speaker 1: so I did really didn't know how much they cost.

442
00:20:01,200 --> 00:20:02,960
Speaker 1: I'm looking at something that are like two hundred sixty

443
00:20:03,040 --> 00:20:06,720
Speaker 1: here's one for fos for like the Big Boy. Yeah,

444
00:20:06,800 --> 00:20:08,639
Speaker 1: so that's a lot of money, not cheap. But again,

445
00:20:08,720 --> 00:20:10,760
Speaker 1: some people it might be worth it. They might get

446
00:20:10,840 --> 00:20:13,160
Speaker 1: enough value from it. Other people might just be buying

447
00:20:13,160 --> 00:20:16,000
Speaker 1: into the hype. They don't need it, uh, And they

448
00:20:16,000 --> 00:20:18,160
Speaker 1: don't need the most invincible cool or known to man

449
00:20:18,280 --> 00:20:20,680
Speaker 1: or whatever yet he's making. But it's helpful to know

450
00:20:20,800 --> 00:20:23,920
Speaker 1: which brands are flipping the script on our disposable culture.

451
00:20:23,920 --> 00:20:25,760
Speaker 1: And I think when we highlight those brands, and when

452
00:20:25,760 --> 00:20:29,800
Speaker 1: we highlight the retailers that are kind of promoting long

453
00:20:29,920 --> 00:20:32,920
Speaker 1: term ownership and they're promoting selling goods that are higher quality,

454
00:20:33,280 --> 00:20:34,639
Speaker 1: that's the kind of thing that we should all be

455
00:20:34,640 --> 00:20:36,720
Speaker 1: getting behind. Yeah, and aside from the fact that they

456
00:20:36,800 --> 00:20:39,280
Speaker 1: last longer, I think it's okay to buy certain items

457
00:20:39,320 --> 00:20:41,320
Speaker 1: that we that that mean a little bit more to

458
00:20:41,400 --> 00:20:44,560
Speaker 1: us as individuals just to appreciate the craftsmanship of an item,

459
00:20:44,680 --> 00:20:46,960
Speaker 1: right because not only will it lasts longer, not only

460
00:20:47,000 --> 00:20:48,639
Speaker 1: does that mean that we will spend less in that

461
00:20:48,720 --> 00:20:51,119
Speaker 1: category of expense, hopefully for the rest of our lives.

462
00:20:51,480 --> 00:20:53,480
Speaker 1: But I think there's something to be said to appreciating

463
00:20:53,520 --> 00:20:56,600
Speaker 1: like the artistry or appreciating the craftsmanship that goes into

464
00:20:56,760 --> 00:20:59,720
Speaker 1: a quality item and the job that oftentimes they're able

465
00:20:59,760 --> 00:21:02,879
Speaker 1: to do in a much superior way, I guess, to

466
00:21:03,000 --> 00:21:06,280
Speaker 1: their inferior but more affordable counterparts that are out there.

467
00:21:06,600 --> 00:21:09,560
Speaker 1: But we did want to highlight of a few specific brands,

468
00:21:09,840 --> 00:21:11,560
Speaker 1: and you know, just trying to light on companies that

469
00:21:11,600 --> 00:21:16,359
Speaker 1: are prioritizing making solid products and again they almost always

470
00:21:16,400 --> 00:21:18,640
Speaker 1: cost more than the cheapest version that you could pick

471
00:21:18,720 --> 00:21:21,440
Speaker 1: up at Walmart or at like Dollar General. But it's

472
00:21:21,440 --> 00:21:23,560
Speaker 1: at least worth mentioning several brands that we think do

473
00:21:23,600 --> 00:21:26,719
Speaker 1: a good job in this realm. And so from personal example,

474
00:21:26,880 --> 00:21:30,080
Speaker 1: Darn Tough Socks are amazing. They've got these lifetime I've

475
00:21:30,119 --> 00:21:32,359
Speaker 1: got like two pairs of Darn Tough socks, but I

476
00:21:32,440 --> 00:21:35,120
Speaker 1: can't wait to continue wearing these bad boys. And then

477
00:21:35,400 --> 00:21:37,200
Speaker 1: one day when there's a hole in it or something

478
00:21:37,200 --> 00:21:38,760
Speaker 1: happens to them to be able to send them back.

479
00:21:38,960 --> 00:21:41,560
Speaker 1: I think even the company replaced them a decade later. Like, hey,

480
00:21:41,600 --> 00:21:45,800
Speaker 1: I've had these for a long time. They're like lifetime warrant. Audi,

481
00:21:45,880 --> 00:21:48,120
Speaker 1: They've got the twice as a nice guarantee. Ll Bean.

482
00:21:48,400 --> 00:21:51,119
Speaker 1: They've actually modified their um they used to have like

483
00:21:51,200 --> 00:21:53,520
Speaker 1: that lit lifetime war. They're still great, but they're not

484
00:21:53,520 --> 00:21:55,199
Speaker 1: as good as they used to be, the same with Costco.

485
00:21:55,240 --> 00:21:57,480
Speaker 1: They've got great, but they had to dial it back

486
00:21:57,520 --> 00:22:01,480
Speaker 1: because of some you know, customers taking advantage of their

487
00:22:01,680 --> 00:22:05,040
Speaker 1: extremely generous return policy. But so like electronics only have

488
00:22:05,160 --> 00:22:08,040
Speaker 1: I think like ninety days, but most other purchases, a

489
00:22:08,040 --> 00:22:09,919
Speaker 1: lot of other purchases, you still have the ability to

490
00:22:09,920 --> 00:22:15,080
Speaker 1: return them for life. Yeah, Zappos, Dwalt, Craftsman, Philson, Patagonia.

491
00:22:15,119 --> 00:22:16,800
Speaker 1: These are all a bunch of different companies out there

492
00:22:16,840 --> 00:22:19,359
Speaker 1: who do a really good job standing behind the products.

493
00:22:19,480 --> 00:22:23,240
Speaker 1: Uh Interestingly enough, even though I KEA, it definitely doesn't

494
00:22:23,400 --> 00:22:26,080
Speaker 1: make the cut from like an heirloom furniture company or

495
00:22:26,119 --> 00:22:28,320
Speaker 1: anything like that, but they still have a one year

496
00:22:28,359 --> 00:22:31,640
Speaker 1: return policy and I think that's a nice happy medium.

497
00:22:31,680 --> 00:22:33,320
Speaker 1: And that being said, like we know that there are

498
00:22:33,359 --> 00:22:36,479
Speaker 1: more companies out there than just the few that we've mentioned.

499
00:22:36,760 --> 00:22:39,960
Speaker 1: And so if there's a company that you are a

500
00:22:40,000 --> 00:22:43,399
Speaker 1: fan of or that has just treated you really well. Actually, however,

501
00:22:43,440 --> 00:22:45,600
Speaker 1: to the Facebook group over on Facebook, how do money

502
00:22:45,640 --> 00:22:48,080
Speaker 1: hop on there and share some of the different companies

503
00:22:48,359 --> 00:22:51,240
Speaker 1: who you have interacted with who have treated you well?

504
00:22:51,280 --> 00:22:54,280
Speaker 1: Because honestly, those we if you have the ability to

505
00:22:54,320 --> 00:22:56,480
Speaker 1: those are the kind of companies that we would love

506
00:22:56,520 --> 00:22:58,159
Speaker 1: to be able to support more and we want other

507
00:22:58,200 --> 00:23:00,359
Speaker 1: shout them out because about them as well. Not a

508
00:23:00,400 --> 00:23:01,919
Speaker 1: few here, but we know there are more, if you

509
00:23:01,960 --> 00:23:04,119
Speaker 1: know once that really stand behind their products, that have

510
00:23:04,160 --> 00:23:06,240
Speaker 1: a great return policy and just have high high levels

511
00:23:06,240 --> 00:23:09,320
Speaker 1: of crafts and ship even if it costs more, then

512
00:23:09,400 --> 00:23:12,040
Speaker 1: I think that those are the it's at least worth

513
00:23:12,119 --> 00:23:14,879
Speaker 1: letting people know so they can say, Okay, I normally

514
00:23:14,880 --> 00:23:17,280
Speaker 1: spend you know, twenty bucks on a belt. This place

515
00:23:17,320 --> 00:23:19,119
Speaker 1: makes belts that are a hundred dollars. There was I

516
00:23:19,119 --> 00:23:21,160
Speaker 1: forget what the is it Hanks belts or something like that,

517
00:23:21,680 --> 00:23:24,560
Speaker 1: and I'm like, within our research, we ya, I don't

518
00:23:24,560 --> 00:23:27,479
Speaker 1: know that I care enough about belts. Yeah, yeah, It's

519
00:23:27,520 --> 00:23:29,560
Speaker 1: like I am a hundred dollar belt guy yet. I

520
00:23:29,560 --> 00:23:32,520
Speaker 1: don't know, but I don't think I am. But you know,

521
00:23:32,720 --> 00:23:34,520
Speaker 1: it's nice to know that they exist, and it's nice

522
00:23:34,520 --> 00:23:36,439
Speaker 1: to know they're making something quality that's gonna last a

523
00:23:36,440 --> 00:23:38,760
Speaker 1: long time. But here's the other thing that the flip

524
00:23:38,800 --> 00:23:40,760
Speaker 1: side of the coin math. It's important to mention because

525
00:23:41,160 --> 00:23:45,040
Speaker 1: cost does not necessarily equal quality, and that is true.

526
00:23:45,119 --> 00:23:47,800
Speaker 1: That makes it even tougher out there as an individual

527
00:23:47,840 --> 00:23:51,760
Speaker 1: consumer walking through this world. It's not a direct correlation.

528
00:23:51,840 --> 00:23:54,040
Speaker 1: And and sometimes you're paying for a name brand for

529
00:23:54,080 --> 00:23:56,679
Speaker 1: a hot new look, not something that's made better, and

530
00:23:56,760 --> 00:23:59,040
Speaker 1: you can't just equate the price tag to the quality

531
00:23:59,080 --> 00:24:02,240
Speaker 1: that you're getting. Is a Balenciagra purse, for instance, made

532
00:24:02,280 --> 00:24:04,600
Speaker 1: better than other persons that cost a whole lot less?

533
00:24:05,119 --> 00:24:07,439
Speaker 1: I don't know, but I doubt it. Yeah, there's just

534
00:24:07,480 --> 00:24:09,280
Speaker 1: a lot. I think it's more the name, and yeah,

535
00:24:09,320 --> 00:24:11,200
Speaker 1: the scribbles at least stick on there and the signaling

536
00:24:11,280 --> 00:24:13,159
Speaker 1: that you're sending out to the world that hey, I

537
00:24:13,200 --> 00:24:16,359
Speaker 1: wear Balenciaga. But yeah, you just can't assume that just

538
00:24:16,400 --> 00:24:19,040
Speaker 1: because the price tag is high, that's bound to last forever,

539
00:24:19,160 --> 00:24:21,480
Speaker 1: or that the comedy stands behind the stuff that they make.

540
00:24:21,720 --> 00:24:24,560
Speaker 1: And another important question to ask is if I opt

541
00:24:24,560 --> 00:24:26,919
Speaker 1: to pay more for this item, not only will it

542
00:24:27,000 --> 00:24:29,280
Speaker 1: last longer, but also will I use it for a

543
00:24:29,320 --> 00:24:31,760
Speaker 1: longer period of time, Because even if it doesn't wear

544
00:24:31,800 --> 00:24:33,480
Speaker 1: out on us, we might get tired of that item.

545
00:24:33,480 --> 00:24:36,399
Speaker 1: And I think that's particularly true when we're talking about

546
00:24:36,640 --> 00:24:39,680
Speaker 1: fashion related purchases. Matt like, when you opt to spend

547
00:24:39,680 --> 00:24:42,439
Speaker 1: more on higher quality goods, try and get things that

548
00:24:42,480 --> 00:24:44,440
Speaker 1: you're likely to want to use for years to come

549
00:24:44,720 --> 00:24:46,360
Speaker 1: that are going to kind of stand the test of time.

550
00:24:46,400 --> 00:24:48,760
Speaker 1: I think about that with clothing. I'm more willing to

551
00:24:48,840 --> 00:24:52,479
Speaker 1: buy a more expensive article of clothing if it's more

552
00:24:52,480 --> 00:24:54,520
Speaker 1: neutral and it's something that I'm like, oh, I'm gonna

553
00:24:54,520 --> 00:24:56,080
Speaker 1: wear that for a lot of years, but it feels

554
00:24:56,080 --> 00:24:58,520
Speaker 1: more like a staple, like an essential, as opposed to

555
00:24:58,600 --> 00:25:01,840
Speaker 1: like something that's really flashy. Yes, exactly, chances are you're

556
00:25:01,880 --> 00:25:04,840
Speaker 1: not gonna like that flashy years. It's fun right now,

557
00:25:04,880 --> 00:25:06,439
Speaker 1: but it's probably not something that I'm gonna wear for

558
00:25:06,520 --> 00:25:08,600
Speaker 1: years to come, exactly. That's it's actually a pretty good

559
00:25:08,640 --> 00:25:13,040
Speaker 1: argument for more expensive belt because I'm like, I'm not

560
00:25:13,240 --> 00:25:16,720
Speaker 1: hardly ever looking for anything special or fancy or flashy

561
00:25:16,720 --> 00:25:18,720
Speaker 1: out of my belt. I wanted to fit through my

562
00:25:18,720 --> 00:25:20,720
Speaker 1: belt loops, hold my pants up. What you're looking for,

563
00:25:20,760 --> 00:25:22,840
Speaker 1: and a belt doesn't really change much over years, at

564
00:25:22,880 --> 00:25:25,640
Speaker 1: least from basic dudes like us. Although that being said, literally,

565
00:25:25,680 --> 00:25:27,600
Speaker 1: the belt I I have right now is a belt

566
00:25:27,640 --> 00:25:31,160
Speaker 1: that I purchased in college, and so this is I mean,

567
00:25:31,440 --> 00:25:34,119
Speaker 1: we're talking like decades ago, but this is about I

568
00:25:34,119 --> 00:25:36,560
Speaker 1: purchased from Abercrombie and Fitch. I don't know how they

569
00:25:36,600 --> 00:25:38,439
Speaker 1: did it, but this thing is still holding up, and

570
00:25:38,440 --> 00:25:41,280
Speaker 1: it's my favorite belt. You've always been an Abercrombie pitch guy,

571
00:25:41,440 --> 00:25:44,639
Speaker 1: so used to actually be a model. You stand up front,

572
00:25:44,720 --> 00:25:46,560
Speaker 1: up front of the store with your shirt off. Yeah,

573
00:25:46,960 --> 00:25:48,639
Speaker 1: I still do sometimes, but I don't get paid for

574
00:25:48,680 --> 00:25:51,239
Speaker 1: it now. In fact, you get escorted out of all.

575
00:25:52,560 --> 00:25:55,320
Speaker 1: Come with us, okay, But then there are going to

576
00:25:55,400 --> 00:25:58,600
Speaker 1: be some instances where it doesn't make sense to buy

577
00:25:58,600 --> 00:26:00,439
Speaker 1: the thing at all. It doesn't make sense to go

578
00:26:00,600 --> 00:26:02,400
Speaker 1: the cheap route, doesn't make sense to go the really

579
00:26:02,400 --> 00:26:05,879
Speaker 1: expensive route, because you're unlikely to ever need that item again.

580
00:26:06,160 --> 00:26:10,520
Speaker 1: And in those situations we should consider renting or borrowing

581
00:26:10,520 --> 00:26:12,760
Speaker 1: those items. Kate and I were talking through maybe doing

582
00:26:12,800 --> 00:26:15,280
Speaker 1: some some yard projects. Here in the spring. And you

583
00:26:15,320 --> 00:26:17,320
Speaker 1: know what would be foolish is if I went out

584
00:26:17,400 --> 00:26:20,320
Speaker 1: and bought a little mini bulldozer literally of a little

585
00:26:20,320 --> 00:26:24,000
Speaker 1: front endloader. Because we're talking about it, you should get one. Well,

586
00:26:24,040 --> 00:26:26,879
Speaker 1: I'm thinking about renting one because this is likely going

587
00:26:26,880 --> 00:26:29,080
Speaker 1: to be an item that I used once or you know,

588
00:26:29,240 --> 00:26:30,919
Speaker 1: like I would use it the whole weekend. But it

589
00:26:30,920 --> 00:26:32,840
Speaker 1: would be incredibly foolish to go out and buy one

590
00:26:32,880 --> 00:26:35,520
Speaker 1: of those, to buy a massive tool like that. But

591
00:26:35,720 --> 00:26:37,880
Speaker 1: generally speaking, I don't think that this gets talked about

592
00:26:38,000 --> 00:26:41,119
Speaker 1: enhing Obviously, renting a front end loader or something like

593
00:26:41,160 --> 00:26:44,760
Speaker 1: that as a fairly extreme example, but for instance, borrowing

594
00:26:44,800 --> 00:26:47,639
Speaker 1: an article of clothing that you'll probably need only once

595
00:26:47,760 --> 00:26:52,080
Speaker 1: isn't taboo. It's awesome. But that being said, there are

596
00:26:52,080 --> 00:26:54,520
Speaker 1: other places that you can borrow from as well. And

597
00:26:54,600 --> 00:26:58,520
Speaker 1: I guess my minds in the space of tools and whatnot,

598
00:26:58,520 --> 00:27:00,000
Speaker 1: but there are tool banks out there. You can look

599
00:27:00,119 --> 00:27:03,960
Speaker 1: up local tools dot org and locate tool banks near

600
00:27:04,080 --> 00:27:06,880
Speaker 1: wherever it is that you live, and honestly, just libraries

601
00:27:06,880 --> 00:27:09,040
Speaker 1: in general, um I think those are worth mentioning as well.

602
00:27:09,119 --> 00:27:11,480
Speaker 1: Looking to some of the different options that are available

603
00:27:11,520 --> 00:27:14,560
Speaker 1: to us and to be honest, there are they are

604
00:27:14,640 --> 00:27:17,080
Speaker 1: options that you pay for with your taxes, and so

605
00:27:17,200 --> 00:27:20,800
Speaker 1: these are resources that are available to us, and I

606
00:27:20,800 --> 00:27:22,760
Speaker 1: think we should all take advantage of winter often. When

607
00:27:22,800 --> 00:27:25,040
Speaker 1: you mentioned borrowing clothing, by the way, there's stuff like

608
00:27:25,080 --> 00:27:27,000
Speaker 1: rent the runway out there, but you could also literally

609
00:27:27,000 --> 00:27:28,800
Speaker 1: just ask our friend. Oh yeah, I'm talking about like

610
00:27:28,840 --> 00:27:31,160
Speaker 1: asking your neighbor. Because if I needed a blazer because

611
00:27:31,200 --> 00:27:32,840
Speaker 1: I don't dress up very much, but I knew a

612
00:27:32,880 --> 00:27:34,800
Speaker 1: friend same size he had one of that could probably

613
00:27:34,840 --> 00:27:36,919
Speaker 1: use just for a night. Because literally I dressed up

614
00:27:36,960 --> 00:27:38,880
Speaker 1: like once a year. I've got like one nice suit.

615
00:27:38,920 --> 00:27:41,000
Speaker 1: But let's say I needed something a little fancier, I

616
00:27:41,000 --> 00:27:42,600
Speaker 1: could reach out to a friend and ask. I mean,

617
00:27:42,800 --> 00:27:45,040
Speaker 1: I could try one of those services online where I

618
00:27:45,040 --> 00:27:47,639
Speaker 1: could rent something, but I can also just got borrowed.

619
00:27:47,640 --> 00:27:50,040
Speaker 1: I think we we've kind of gotten away from asking

620
00:27:50,080 --> 00:27:53,520
Speaker 1: friends to borrow stuff, and the more we like reincorporate that,

621
00:27:53,600 --> 00:27:55,359
Speaker 1: the more money we can save. But also it's like

622
00:27:55,359 --> 00:27:57,960
Speaker 1: a community building effort to where we just like start

623
00:27:58,000 --> 00:27:59,880
Speaker 1: to borrow from one another more regularly. I think that's

624
00:27:59,880 --> 00:28:02,000
Speaker 1: just a healthy way to live. Totally. Yeah, I couldn't

625
00:28:02,040 --> 00:28:04,000
Speaker 1: agree more. I think this is one area where online

626
00:28:04,000 --> 00:28:08,680
Speaker 1: shopping has sort of weakened the fabric of our communities

627
00:28:08,680 --> 00:28:10,520
Speaker 1: because I feel like that would have been something or

628
00:28:11,000 --> 00:28:13,040
Speaker 1: you know, borrowing a tool from a neighbor, Like that's

629
00:28:13,080 --> 00:28:15,280
Speaker 1: the kind of those are some of those weak It's

630
00:28:15,320 --> 00:28:17,000
Speaker 1: not I don't wanna call him weak, but like casual

631
00:28:17,040 --> 00:28:20,600
Speaker 1: connections that reinforce that strength in the community. And when

632
00:28:20,600 --> 00:28:23,000
Speaker 1: it it is so sticking easy just to order something

633
00:28:23,040 --> 00:28:25,120
Speaker 1: online and just have it show up. Well, I mean,

634
00:28:25,600 --> 00:28:27,800
Speaker 1: don't we want to do things that that are that's easy. Yeah,

635
00:28:27,800 --> 00:28:29,560
Speaker 1: I mean we've got busy lives and just I can

636
00:28:29,560 --> 00:28:31,320
Speaker 1: just hop on the app and order it, as opposed

637
00:28:31,359 --> 00:28:34,400
Speaker 1: to texting and asking a bunch of questions, going back

638
00:28:34,400 --> 00:28:36,080
Speaker 1: and forth, having them you know, set it out in

639
00:28:36,119 --> 00:28:37,919
Speaker 1: their garage or setting it out on the even if

640
00:28:37,920 --> 00:28:39,160
Speaker 1: you don't know the super well and you're like, I

641
00:28:39,200 --> 00:28:41,520
Speaker 1: don't know, maybe this is an imposition, or I just

642
00:28:41,520 --> 00:28:43,400
Speaker 1: moved in the neighborhood. I don't know that neighbor super well.

643
00:28:43,440 --> 00:28:45,080
Speaker 1: But these are kind of the ways that you deepen

644
00:28:45,120 --> 00:28:48,160
Speaker 1: those ties that like the fabric of a community grows

645
00:28:48,280 --> 00:28:51,200
Speaker 1: as opposed to deteriorates. Right totally, it might sound weird.

646
00:28:51,240 --> 00:28:53,120
Speaker 1: I think a lot of people actually start to think

647
00:28:53,160 --> 00:28:55,840
Speaker 1: of it as like imposing on somebody else, or that

648
00:28:56,080 --> 00:28:58,240
Speaker 1: you're being lazy or you're being cheap by asking. But

649
00:28:58,280 --> 00:28:59,720
Speaker 1: I don't think so. I don't think that's how it works.

650
00:28:59,760 --> 00:29:02,000
Speaker 1: And I think there's a reciprocity that can take place,

651
00:29:02,000 --> 00:29:03,960
Speaker 1: and then you lend something to them in the future.

652
00:29:03,960 --> 00:29:05,520
Speaker 1: Are you know, give them a couple eggs that are

653
00:29:05,520 --> 00:29:07,480
Speaker 1: worth a million dollars now because eggs are so expensive.

654
00:29:07,480 --> 00:29:09,560
Speaker 1: I mean, there's just there's so many ways I think

655
00:29:09,560 --> 00:29:12,880
Speaker 1: that you can encourage that where you live without just

656
00:29:13,040 --> 00:29:17,000
Speaker 1: going to the online resource or you know, yeah, borrowing

657
00:29:17,000 --> 00:29:18,880
Speaker 1: from a friend makes a lot of sense to me

658
00:29:19,000 --> 00:29:21,400
Speaker 1: for for a lot of different things that you might need.

659
00:29:21,840 --> 00:29:24,040
Speaker 1: But so far, we've kind of addressed the problem of

660
00:29:24,120 --> 00:29:26,960
Speaker 1: quality verse quantity to a certain extent, like you don't

661
00:29:27,000 --> 00:29:29,640
Speaker 1: need eight coolers, you might need one great cooler. But

662
00:29:29,800 --> 00:29:31,880
Speaker 1: for the most part, this is an issue that lies

663
00:29:31,920 --> 00:29:35,240
Speaker 1: outside of ourselves. These are external problems on the purchasing

664
00:29:35,320 --> 00:29:38,680
Speaker 1: front that we've discussed, but another major problem is internal.

665
00:29:38,960 --> 00:29:41,440
Speaker 1: It's the mindless consumption that most of us all take

666
00:29:41,480 --> 00:29:42,920
Speaker 1: part in it. And I say most of us, I

667
00:29:42,960 --> 00:29:45,960
Speaker 1: include myself in that because I'm not immune from kind

668
00:29:45,960 --> 00:29:48,800
Speaker 1: of perfect No, I'm not immune from the realities of

669
00:29:48,960 --> 00:29:52,440
Speaker 1: kind of our consumer culture, and I'm trying to try

670
00:29:52,480 --> 00:29:54,400
Speaker 1: to be cognizant of it. I try to combat it,

671
00:29:54,440 --> 00:29:57,640
Speaker 1: but it doesn't mean I do it perfectly. And so I, yeah,

672
00:29:57,800 --> 00:29:59,680
Speaker 1: I think it's important to mention that these are things

673
00:29:59,720 --> 00:30:02,240
Speaker 1: that Matt and I struggle with as well. But there

674
00:30:02,240 --> 00:30:04,120
Speaker 1: are things that, Yeah, I think we all need to

675
00:30:04,160 --> 00:30:07,000
Speaker 1: work to come back together. And one economist he referred

676
00:30:07,040 --> 00:30:09,720
Speaker 1: to our inability to rain in our spending desires as

677
00:30:10,080 --> 00:30:13,400
Speaker 1: trickled down behaviorism, which I think is a really good definition.

678
00:30:13,760 --> 00:30:15,480
Speaker 1: And I see that happening to I see other people

679
00:30:15,520 --> 00:30:18,080
Speaker 1: spending in certain ways, and it kind of, I don't know,

680
00:30:18,240 --> 00:30:21,240
Speaker 1: it primes the pump for me to spend in ways

681
00:30:21,280 --> 00:30:23,720
Speaker 1: that I might not otherwise choose to do. Either. You're like,

682
00:30:23,760 --> 00:30:26,400
Speaker 1: I got money, Yeah, I want that thing too. They

683
00:30:26,400 --> 00:30:28,280
Speaker 1: can do it if they can afford it, why don't

684
00:30:28,320 --> 00:30:30,560
Speaker 1: I do that? And so, yeah, I think a decent

685
00:30:30,640 --> 00:30:32,960
Speaker 1: chunk of the American public they kind of tend to

686
00:30:32,960 --> 00:30:35,960
Speaker 1: base consumption choices on what they're seeing others do around them.

687
00:30:36,200 --> 00:30:39,480
Speaker 1: And when we're marching to the beat of other people's drummers,

688
00:30:39,640 --> 00:30:43,160
Speaker 1: were bound to find ourselves making decisions that arn't in

689
00:30:43,200 --> 00:30:45,320
Speaker 1: our own best interest and which caused us to spend

690
00:30:45,320 --> 00:30:48,040
Speaker 1: money in ways that don't line up with our own

691
00:30:48,040 --> 00:30:51,120
Speaker 1: personal goals, you know, our own personal desires, and it's

692
00:30:51,280 --> 00:30:52,880
Speaker 1: it's also known as keeping up with the jones is

693
00:30:52,920 --> 00:30:54,880
Speaker 1: of course, like you've heard that term. But that's why

694
00:30:55,040 --> 00:30:57,680
Speaker 1: starting to think more about what we want, not what

695
00:30:57,720 --> 00:31:00,000
Speaker 1: our culture tells us we should want, is an importan

696
00:31:00,040 --> 00:31:02,680
Speaker 1: and step to take and kind of like another nerdy

697
00:31:02,800 --> 00:31:06,920
Speaker 1: term here, Matt, that is called compensatory consumption. And probably

698
00:31:06,920 --> 00:31:09,800
Speaker 1: the best example of this is a guy in like

699
00:31:09,840 --> 00:31:12,840
Speaker 1: a yellow sports car. You're like, Oh, what's he? What's he?

700
00:31:13,040 --> 00:31:17,400
Speaker 1: What's he? Uh? What's making up for? Yeah, he's compensating

701
00:31:17,400 --> 00:31:20,520
Speaker 1: for something, right, and so, but we often do this

702
00:31:20,640 --> 00:31:23,880
Speaker 1: in smaller, more subtle ways too, and we tend to

703
00:31:24,040 --> 00:31:27,280
Speaker 1: tend to spend, at least sometimes in ways that are

704
00:31:27,280 --> 00:31:29,240
Speaker 1: making up for other ways in which we feel like

705
00:31:29,240 --> 00:31:31,360
Speaker 1: our lives aren't what we want them to be, and

706
00:31:31,480 --> 00:31:34,120
Speaker 1: that leads to a precarious financial position for a lot

707
00:31:34,160 --> 00:31:37,200
Speaker 1: of people. It's just it's poor spending, but largely goaded

708
00:31:37,520 --> 00:31:39,680
Speaker 1: by the fact that, like other parts of our lives

709
00:31:39,840 --> 00:31:42,719
Speaker 1: just aren't going exactly the way we hoped. That's right,

710
00:31:42,760 --> 00:31:44,120
Speaker 1: and kind of going back to what you're saying to

711
00:31:44,160 --> 00:31:46,960
Speaker 1: about keeping up with the Joneses. So if we're highlighting

712
00:31:46,960 --> 00:31:49,760
Speaker 1: the fact that we are spending in ways that they

713
00:31:49,880 --> 00:31:51,600
Speaker 1: think we should be spending, I think that brings up

714
00:31:51,600 --> 00:31:54,640
Speaker 1: another problem, Right, what do we actually want to spend

715
00:31:54,640 --> 00:31:56,560
Speaker 1: our money on? You know, what kind of spending is

716
00:31:56,560 --> 00:31:59,600
Speaker 1: actually going to make us happy? Well, we'll discuss how

717
00:31:59,640 --> 00:32:06,680
Speaker 1: to be in thinking through that right after the break

718
00:32:12,240 --> 00:32:14,320
Speaker 1: alr Matt, let's keep going. We're talking about the science

719
00:32:14,440 --> 00:32:17,160
Speaker 1: of smarter spending on today's episode, of course, and we

720
00:32:17,320 --> 00:32:20,160
Speaker 1: want we want how the money listeners to you know,

721
00:32:20,320 --> 00:32:22,680
Speaker 1: not fall prey to planned obsolescence. We want them to

722
00:32:23,280 --> 00:32:26,520
Speaker 1: buy better things that are gonna last longer, and or

723
00:32:26,560 --> 00:32:29,480
Speaker 1: buy fewer things all together, and rent more stuff. Maybe

724
00:32:29,800 --> 00:32:31,840
Speaker 1: all those kinds of things I think are helpful in

725
00:32:32,080 --> 00:32:34,840
Speaker 1: kind of curbing the cycle of just like spending more

726
00:32:34,880 --> 00:32:37,520
Speaker 1: than we should. But then we have to really address

727
00:32:37,600 --> 00:32:39,520
Speaker 1: the core issue. And I think that's what we're gonna

728
00:32:39,560 --> 00:32:42,880
Speaker 1: get into here, which is what matters to me as

729
00:32:42,920 --> 00:32:45,960
Speaker 1: an individual. What moves the needle from a purchase perspective,

730
00:32:46,040 --> 00:32:48,800
Speaker 1: Because the truth is, some of the things that we

731
00:32:48,840 --> 00:32:51,800
Speaker 1: buy are meaningful. We We even did uh an episode

732
00:32:51,800 --> 00:32:54,320
Speaker 1: back in the day matt on experiences versus things, and

733
00:32:54,720 --> 00:32:59,400
Speaker 1: a lot of the literature shows that buying experiences matters most.

734
00:32:59,400 --> 00:33:02,040
Speaker 1: We'll talk about that in a second. But like, it's

735
00:33:02,080 --> 00:33:03,560
Speaker 1: that that's true to a certain extent. But some of

736
00:33:03,560 --> 00:33:05,560
Speaker 1: the things we buy mean a lot to us too.

737
00:33:05,720 --> 00:33:08,720
Speaker 1: There are definitely some things that I own that I

738
00:33:08,920 --> 00:33:10,880
Speaker 1: placed a lot of value on, Like my bike is

739
00:33:10,920 --> 00:33:12,960
Speaker 1: one of them, right, And if I if my bike

740
00:33:13,000 --> 00:33:15,600
Speaker 1: got stolen, it would feel a lot worse than someone

741
00:33:15,640 --> 00:33:17,320
Speaker 1: taking that money out of my bank account even right,

742
00:33:17,360 --> 00:33:18,680
Speaker 1: because I've got I just have like a lot of

743
00:33:18,720 --> 00:33:21,120
Speaker 1: history with this thing. And sometimes the things we own

744
00:33:21,200 --> 00:33:24,600
Speaker 1: can have that deep of a tie to who we

745
00:33:24,640 --> 00:33:27,960
Speaker 1: are um and and but like not everything we own

746
00:33:28,040 --> 00:33:30,280
Speaker 1: should have that Probably we should have a relationship to

747
00:33:30,320 --> 00:33:33,280
Speaker 1: everything we own. That's that extreme. But you know, let's

748
00:33:33,320 --> 00:33:35,640
Speaker 1: focus on spending less on the things that the culture

749
00:33:35,720 --> 00:33:38,280
Speaker 1: is steering us towards and more on the things that

750
00:33:38,360 --> 00:33:40,000
Speaker 1: matter the most to us. I think it's a really

751
00:33:40,040 --> 00:33:43,480
Speaker 1: important thing when it comes to spending smartly, and who

752
00:33:43,520 --> 00:33:46,520
Speaker 1: we follow on social media directly impacts our mental state

753
00:33:46,680 --> 00:33:48,600
Speaker 1: and how likely we are to go out there and

754
00:33:48,640 --> 00:33:52,400
Speaker 1: spend like maniacs. If you're following celebrities and fashion influencers

755
00:33:52,680 --> 00:33:54,720
Speaker 1: and in they're putting you in the wrong state of mind,

756
00:33:55,400 --> 00:33:58,240
Speaker 1: that could lead to spending in ways that you don't

757
00:33:58,240 --> 00:34:01,320
Speaker 1: want to write. Literally it's in their name. Influencers like, like,

758
00:34:01,360 --> 00:34:04,280
Speaker 1: their goal is to get you to do something that

759
00:34:04,320 --> 00:34:06,320
Speaker 1: companies are paying them to get you to do. I'll

760
00:34:06,320 --> 00:34:08,399
Speaker 1: click the link below for ten percent off, and you're like, well, who,

761
00:34:08,440 --> 00:34:11,040
Speaker 1: all right, that's great? Well, I mean in who you

762
00:34:11,440 --> 00:34:15,839
Speaker 1: like specifically, curating that feed is one way to kind

763
00:34:15,840 --> 00:34:18,719
Speaker 1: of reduce that that cycle of buying things that you

764
00:34:18,719 --> 00:34:22,080
Speaker 1: weren't otherwise thinking about purchasing. And it's it's important too

765
00:34:22,160 --> 00:34:25,080
Speaker 1: to work towards reducing our wants. And the thing is,

766
00:34:25,160 --> 00:34:27,759
Speaker 1: and something that I think we we often fail to

767
00:34:27,800 --> 00:34:31,759
Speaker 1: realize is that our our pension to overspend means will

768
00:34:31,760 --> 00:34:34,440
Speaker 1: be forced to reduce our wants in the future to

769
00:34:34,480 --> 00:34:37,200
Speaker 1: pay for prior spending. So we're unwilling or have the

770
00:34:37,200 --> 00:34:40,440
Speaker 1: option the future. We're unwilling or spending today to do

771
00:34:40,480 --> 00:34:42,600
Speaker 1: it right now to say no to the thing that

772
00:34:42,640 --> 00:34:44,680
Speaker 1: we want, which means that we're going to have to

773
00:34:44,840 --> 00:34:46,440
Speaker 1: future us is going to have to say no to

774
00:34:46,560 --> 00:34:49,719
Speaker 1: things because we're paying you know, likely uh interest with

775
00:34:49,719 --> 00:34:52,320
Speaker 1: an interest rate attached for the things that we bought before.

776
00:34:52,800 --> 00:34:55,080
Speaker 1: And the truth is, and this is kind of maybe

777
00:34:55,080 --> 00:34:56,560
Speaker 1: a weird thing to say, but if you set your

778
00:34:56,600 --> 00:34:59,919
Speaker 1: expectations and your desires low, there's a really good chance

779
00:35:00,000 --> 00:35:01,880
Speaker 1: are going to spend less and that you'll actually be happier.

780
00:35:02,160 --> 00:35:04,400
Speaker 1: And I think the things that we encounter, especially on

781
00:35:04,400 --> 00:35:07,000
Speaker 1: social media, they kind of elevate our expectations for what

782
00:35:07,080 --> 00:35:09,600
Speaker 1: our lives should look like, and then we start to

783
00:35:09,640 --> 00:35:11,920
Speaker 1: spend accordingly because we think our lives should look like that,

784
00:35:11,960 --> 00:35:14,719
Speaker 1: because darnett, if there's scan, why can't mind? And in

785
00:35:14,760 --> 00:35:17,040
Speaker 1: the end it actually makes us more indebted and less

786
00:35:17,040 --> 00:35:20,920
Speaker 1: happy overall, Yeah, leaving us in a less healthy mental

787
00:35:21,040 --> 00:35:23,719
Speaker 1: state as well. So, yeah, you're talking about social media.

788
00:35:23,760 --> 00:35:26,239
Speaker 1: But once we've quieted all that noise out there, right,

789
00:35:26,239 --> 00:35:28,880
Speaker 1: we've put to rest all the messaging telling us what

790
00:35:29,000 --> 00:35:31,279
Speaker 1: to buy, I think it's time to get a little

791
00:35:31,320 --> 00:35:35,759
Speaker 1: a little more introspective to identify your craft beer equivalent.

792
00:35:36,000 --> 00:35:38,759
Speaker 1: We briefly mentioned this at the beginning of every interview,

793
00:35:38,840 --> 00:35:41,640
Speaker 1: but we want to find out, for individuals who we're

794
00:35:41,640 --> 00:35:44,160
Speaker 1: talking to, what is your craft beer equivalent? What is

795
00:35:44,200 --> 00:35:46,680
Speaker 1: the thing that you are intentionally spending money on now

796
00:35:47,080 --> 00:35:49,480
Speaker 1: in order to basically prove to yourself that is not

797
00:35:49,600 --> 00:35:53,760
Speaker 1: just about deferring happiness and enjoyment and leading a life

798
00:35:53,760 --> 00:35:56,239
Speaker 1: of deprivation now. Uh. And so for some this will

799
00:35:56,280 --> 00:35:58,680
Speaker 1: be easy because you already know yourself pretty well. But

800
00:35:58,719 --> 00:36:01,440
Speaker 1: for others, this you know, honestly, it might take some

801
00:36:01,440 --> 00:36:03,920
Speaker 1: some time. It might take some trial and error because

802
00:36:03,920 --> 00:36:07,640
Speaker 1: identifying the spending that move the needle the most for you,

803
00:36:08,000 --> 00:36:10,680
Speaker 1: like that might not be the most intuitive process. And

804
00:36:10,719 --> 00:36:12,359
Speaker 1: so I want to say that, first of all, it's

805
00:36:12,360 --> 00:36:14,960
Speaker 1: okay to make some mistakes, in particular mistakes that don't

806
00:36:15,000 --> 00:36:17,359
Speaker 1: cost you a ton of money, because the vital part

807
00:36:17,440 --> 00:36:21,120
Speaker 1: of spending more on quality is determining the areas of

808
00:36:21,160 --> 00:36:23,239
Speaker 1: spending that matter the most to you. You know that

809
00:36:23,760 --> 00:36:25,560
Speaker 1: keep this in mind, like this is your hard earned

810
00:36:25,600 --> 00:36:28,320
Speaker 1: money and you're not spending it to impress other people.

811
00:36:28,760 --> 00:36:30,799
Speaker 1: It's okay to make some mistakes, to make some errors,

812
00:36:30,800 --> 00:36:33,160
Speaker 1: but we want there to be I guess smaller price

813
00:36:33,239 --> 00:36:36,200
Speaker 1: tags associated with those mistakes, with those areas of spending

814
00:36:36,200 --> 00:36:39,160
Speaker 1: that didn't bring you the most joy. Necessarily before you're

815
00:36:39,600 --> 00:36:42,319
Speaker 1: spending out the nose, don't buy Abravian and then be like,

816
00:36:42,320 --> 00:36:44,280
Speaker 1: oh crap, now, I guess I don't really like electric.

817
00:36:45,280 --> 00:36:47,399
Speaker 1: Maybe start with the leaf um, but it's just hard

818
00:36:47,440 --> 00:36:50,280
Speaker 1: to know, right if if your craft beer equivalent is travel,

819
00:36:50,680 --> 00:36:53,479
Speaker 1: if you haven't gone on any sort of trip, don't

820
00:36:53,480 --> 00:36:56,279
Speaker 1: start with like the four week long international trip. But

821
00:36:56,320 --> 00:36:59,480
Speaker 1: maybe start with like visiting your local state park, or

822
00:36:59,520 --> 00:37:01,759
Speaker 1: start with a local city that you can visit and

823
00:37:01,800 --> 00:37:03,640
Speaker 1: spend some time. And it's it's good to go ahead

824
00:37:03,640 --> 00:37:05,840
Speaker 1: and just dip your toe in the waters first to

825
00:37:05,920 --> 00:37:08,040
Speaker 1: kind of ease on into it, and then you know,

826
00:37:08,120 --> 00:37:11,319
Speaker 1: after you try that purchase out, then do just a

827
00:37:11,360 --> 00:37:13,120
Speaker 1: little bit of reflecting, maybe a little bit of soul

828
00:37:13,160 --> 00:37:15,879
Speaker 1: searching to see if it's moving the needle for you. Yeah,

829
00:37:16,000 --> 00:37:18,400
Speaker 1: I think it's always to me, it's always fun to

830
00:37:18,440 --> 00:37:20,719
Speaker 1: see how other people spend money and what lights them up,

831
00:37:21,360 --> 00:37:23,960
Speaker 1: when they know what excites him, when they know what

832
00:37:24,080 --> 00:37:25,640
Speaker 1: moves the needle. And it made me think I was

833
00:37:25,680 --> 00:37:28,600
Speaker 1: reading Calypso by David Sedaris recently, I was listening to

834
00:37:28,600 --> 00:37:30,520
Speaker 1: the audiobook as a new one. No, I think it's

835
00:37:30,520 --> 00:37:32,200
Speaker 1: a few years ago, but I think I'm on the

836
00:37:32,239 --> 00:37:34,319
Speaker 1: on weight at the library to get his new one.

837
00:37:34,640 --> 00:37:36,799
Speaker 1: But actually was so good and so funny. But he

838
00:37:36,840 --> 00:37:39,759
Speaker 1: was talking about how he and his sisters like to

839
00:37:39,800 --> 00:37:43,720
Speaker 1: go shopping in Japan at this like weird, weird store

840
00:37:44,080 --> 00:37:46,880
Speaker 1: with where the clothing almost looks like it's been used

841
00:37:46,960 --> 00:37:49,840
Speaker 1: or put through like a war battlefields the way he

842
00:37:49,840 --> 00:37:51,960
Speaker 1: describes it. But it's funny. That's what he loves, and

843
00:37:51,960 --> 00:37:53,800
Speaker 1: he talks about how it lights him up, how he

844
00:37:53,840 --> 00:37:57,279
Speaker 1: gets so excited, and that's just you can tell in

845
00:37:57,320 --> 00:38:00,480
Speaker 1: so many other ways he's he probably die back, but

846
00:38:00,560 --> 00:38:02,319
Speaker 1: that is something he's like, I spend a lot of

847
00:38:02,320 --> 00:38:04,719
Speaker 1: money on that stuff, and I don't care because it's

848
00:38:04,840 --> 00:38:06,960
Speaker 1: the best experience ever to go do that with my sisters.

849
00:38:07,280 --> 00:38:09,480
Speaker 1: I love to see when other people they kind of

850
00:38:09,520 --> 00:38:11,480
Speaker 1: know themselves to that extent, and that's part of what

851
00:38:11,560 --> 00:38:14,160
Speaker 1: it takes to know your craftier equivalent means getting to

852
00:38:14,160 --> 00:38:16,399
Speaker 1: know yourself a little bit. And like you said, Matt

853
00:38:16,480 --> 00:38:18,480
Speaker 1: might have to make some mistakes in the process of

854
00:38:18,520 --> 00:38:20,719
Speaker 1: figuring that out. But it's worth figuring out because then

855
00:38:20,760 --> 00:38:23,560
Speaker 1: you're like happy to spend those dollars as opposed to

856
00:38:23,760 --> 00:38:25,719
Speaker 1: beating yourself up every time you fork over money to

857
00:38:25,760 --> 00:38:28,319
Speaker 1: spend on something that you care about, right and well

858
00:38:28,320 --> 00:38:31,200
Speaker 1: and going before we move on, like it makes me

859
00:38:31,320 --> 00:38:32,759
Speaker 1: think back to at the beginning of the episode more

860
00:38:32,760 --> 00:38:35,440
Speaker 1: we're talking about your kids, you know, it's like the

861
00:38:35,480 --> 00:38:37,319
Speaker 1: doll the Barbie dream house or whatever. I think this

862
00:38:37,400 --> 00:38:39,600
Speaker 1: is when as parents, it is so important for us

863
00:38:39,600 --> 00:38:42,360
Speaker 1: to put our kids in situations that allow them to

864
00:38:42,440 --> 00:38:46,440
Speaker 1: make some mistakes while they still live under our reof right.

865
00:38:46,800 --> 00:38:49,319
Speaker 1: We want to expose them to the ability to make

866
00:38:49,400 --> 00:38:53,040
Speaker 1: some errors. I think it's important for them to fail occasionally,

867
00:38:53,080 --> 00:38:56,200
Speaker 1: but to fail where the fail when the failure is

868
00:38:56,200 --> 00:38:58,960
Speaker 1: not gonna be fatal, when when the stakes are low exactly,

869
00:38:59,040 --> 00:39:00,480
Speaker 1: And this is gonna be a good chance for me

870
00:39:00,520 --> 00:39:02,920
Speaker 1: to talk about trade offs with my oldest daughter too,

871
00:39:03,200 --> 00:39:05,880
Speaker 1: which is, like we said, just a massive part of

872
00:39:05,920 --> 00:39:09,399
Speaker 1: spending wisely like cool, now that this isn't necessarily some cost,

873
00:39:09,440 --> 00:39:10,600
Speaker 1: you might be able to get some of your money

874
00:39:10,600 --> 00:39:12,480
Speaker 1: back for this and and spend it on something that

875
00:39:12,520 --> 00:39:14,440
Speaker 1: you care about more, which is also true, Like we

876
00:39:14,480 --> 00:39:16,400
Speaker 1: can sometimes sell things right when we're like, oh, that

877
00:39:16,440 --> 00:39:17,960
Speaker 1: was a mistake, Well, then get that thing out of

878
00:39:17,960 --> 00:39:20,080
Speaker 1: your life, right, sell it and move on and use

879
00:39:20,120 --> 00:39:22,239
Speaker 1: that money to buy something that is going to make

880
00:39:22,280 --> 00:39:24,120
Speaker 1: a difference, That is something that you're going to want,

881
00:39:24,320 --> 00:39:26,920
Speaker 1: want to have. And you know, we've spent a lot

882
00:39:26,960 --> 00:39:29,520
Speaker 1: of this episode already talking about stuff, Matt, but let's

883
00:39:29,600 --> 00:39:32,120
Speaker 1: talk about experiences for a second, because they are I

884
00:39:32,160 --> 00:39:36,000
Speaker 1: think I think stuff is underrated sometimes buying the right things,

885
00:39:36,280 --> 00:39:38,480
Speaker 1: but experiences are often one of the best ways to

886
00:39:38,520 --> 00:39:41,560
Speaker 1: maximize the utility of your dollars. Because we're we're all

887
00:39:41,600 --> 00:39:44,400
Speaker 1: for low cost or even free outings with friends, but

888
00:39:44,480 --> 00:39:46,759
Speaker 1: this is probably an area in life that you intentionally

889
00:39:47,400 --> 00:39:49,840
Speaker 1: choose to spend more on in order to lead to

890
00:39:49,920 --> 00:39:53,360
Speaker 1: much more happiness. Part of what's cool about spending money

891
00:39:53,400 --> 00:39:58,480
Speaker 1: on experiences is often the anticipation that you get in

892
00:39:58,520 --> 00:40:02,279
Speaker 1: advance of that experience, and then also the memories that

893
00:40:02,360 --> 00:40:05,359
Speaker 1: you get as you look back on that experience. So, Matt,

894
00:40:05,400 --> 00:40:07,520
Speaker 1: we just you know, we just went on a trip actually,

895
00:40:07,560 --> 00:40:09,200
Speaker 1: and then we're about to go on another trip later

896
00:40:09,280 --> 00:40:13,839
Speaker 1: this spring, and the I'm already I'm already excited about it.

897
00:40:14,120 --> 00:40:16,200
Speaker 1: Planning it as we're talking about it, thinking about it,

898
00:40:16,680 --> 00:40:19,240
Speaker 1: and I'm already looking back at our recent trip together

899
00:40:19,600 --> 00:40:21,799
Speaker 1: where we just made some awesome memories with our wives.

900
00:40:21,800 --> 00:40:24,879
Speaker 1: We had a great time trapesing around Louisville, Kentucky, and

901
00:40:24,920 --> 00:40:28,920
Speaker 1: there's all sorts of just joy associated with even just

902
00:40:29,360 --> 00:40:33,240
Speaker 1: a short weekend trip like that. I think experiences are

903
00:40:33,320 --> 00:40:35,360
Speaker 1: and they really can be one of the best uses

904
00:40:35,400 --> 00:40:38,200
Speaker 1: of our dollars because via the memories we have, the pictures,

905
00:40:38,480 --> 00:40:41,319
Speaker 1: they can almost like be the gift that keeps on

906
00:40:41,360 --> 00:40:43,919
Speaker 1: giving in that way, right, And but it's it's also

907
00:40:44,040 --> 00:40:47,280
Speaker 1: not just that shoulder season trip to Iceland that provides

908
00:40:47,360 --> 00:40:49,719
Speaker 1: a payoff. Iceland I think is still one of the

909
00:40:49,719 --> 00:40:52,399
Speaker 1: hot destinations right now. But but buying your time back

910
00:40:52,440 --> 00:40:54,400
Speaker 1: and having more margin is a pretty sweet use of

911
00:40:54,440 --> 00:40:57,160
Speaker 1: your dollars too. That's true from an overall, you know,

912
00:40:57,200 --> 00:41:00,560
Speaker 1: financial independence perspective, when you're talking about like trying to

913
00:41:00,600 --> 00:41:03,160
Speaker 1: retire early or something like that, then YEA, having more

914
00:41:03,160 --> 00:41:05,160
Speaker 1: money in your bank account really does allow you to

915
00:41:05,680 --> 00:41:08,640
Speaker 1: leave work before you thought you'd be able to, or

916
00:41:08,719 --> 00:41:11,440
Speaker 1: leave work earlier than most. But it also can impact

917
00:41:11,440 --> 00:41:13,960
Speaker 1: your day today, right, and free time is hard to

918
00:41:14,000 --> 00:41:16,279
Speaker 1: come by, but those who feel like they have more

919
00:41:16,320 --> 00:41:19,479
Speaker 1: of it are often more willing to do other things

920
00:41:19,480 --> 00:41:21,960
Speaker 1: that are good for them, like exercise and volunteer, which

921
00:41:21,960 --> 00:41:25,040
Speaker 1: are two great habits. So I think at times, you know,

922
00:41:25,560 --> 00:41:28,479
Speaker 1: it might be worth testing some spending on maybe paying

923
00:41:28,480 --> 00:41:30,960
Speaker 1: someone to do lawn care or house cleaning for you,

924
00:41:31,200 --> 00:41:32,799
Speaker 1: so that you can have more time to do some

925
00:41:32,840 --> 00:41:34,080
Speaker 1: of the things that matter to you. It might not

926
00:41:34,120 --> 00:41:37,120
Speaker 1: even be buying more stuff. It might be buying more

927
00:41:37,160 --> 00:41:39,120
Speaker 1: of your time back to enjoy the things that you

928
00:41:39,200 --> 00:41:41,680
Speaker 1: care about, even if it's as simple as like laying

929
00:41:41,680 --> 00:41:43,520
Speaker 1: in your hammock reading a book. That's true, man, And

930
00:41:43,560 --> 00:41:45,239
Speaker 1: I think this is really important to bring up as well,

931
00:41:45,239 --> 00:41:49,360
Speaker 1: because it can be difficult for folks to choose intentionally

932
00:41:49,400 --> 00:41:52,240
Speaker 1: choose to not do tasks that they are very capable

933
00:41:52,239 --> 00:41:56,799
Speaker 1: and physically able to do in order to do something else. Um. Oftentimes,

934
00:41:56,800 --> 00:41:59,040
Speaker 1: when we're younger, we have less money, right Like, we've

935
00:41:59,080 --> 00:42:02,080
Speaker 1: got less money and plan tea of time. But for like,

936
00:42:02,120 --> 00:42:05,160
Speaker 1: the more wealth you build up, oftentimes those two things

937
00:42:05,160 --> 00:42:07,680
Speaker 1: flip and you're like, oh man, I'm realizing they're like, Wow,

938
00:42:07,680 --> 00:42:09,480
Speaker 1: we're doing great with our finances. We're on track for

939
00:42:09,480 --> 00:42:12,359
Speaker 1: a retirement. Whatever financial goals we've set for ourselves. Uh,

940
00:42:12,400 --> 00:42:14,440
Speaker 1: it seems like that that's working out. But oftentimes the

941
00:42:14,480 --> 00:42:18,400
Speaker 1: stressor revolves around time. And so I totally agree. I

942
00:42:18,400 --> 00:42:21,200
Speaker 1: think this is a way that we can proactively reclaim

943
00:42:21,280 --> 00:42:23,120
Speaker 1: some of that time by paying for for some of

944
00:42:23,120 --> 00:42:25,319
Speaker 1: those things. Um. And again, I think it's it's something

945
00:42:25,320 --> 00:42:28,280
Speaker 1: that we oftentimes have to challenge ourselves to do, because truly,

946
00:42:28,320 --> 00:42:31,719
Speaker 1: the frugal approach would would be to say, oh, well

947
00:42:31,760 --> 00:42:33,800
Speaker 1: I can do that if and if I am capable

948
00:42:33,840 --> 00:42:36,040
Speaker 1: of doing that, why should I pay somebody else to

949
00:42:36,080 --> 00:42:38,080
Speaker 1: do that? Um? It's like, well, well, like what is

950
00:42:38,080 --> 00:42:40,320
Speaker 1: it that you're trying to get more of in your life? Okay?

951
00:42:40,360 --> 00:42:42,880
Speaker 1: So but once you've identified that, you know, like the

952
00:42:42,960 --> 00:42:45,839
Speaker 1: things like the items or the different experiences that make

953
00:42:45,880 --> 00:42:47,960
Speaker 1: you the happiest, I think something that you can do

954
00:42:48,160 --> 00:42:51,960
Speaker 1: to to heighten your your satisfaction even more is by

955
00:42:52,120 --> 00:42:55,759
Speaker 1: making your purchase a rare treat. Um. I think the

956
00:42:55,840 --> 00:42:59,560
Speaker 1: more regularly that we do something, the less special it becomes. Right.

957
00:42:59,600 --> 00:43:01,239
Speaker 1: And so we were just talking about travel. I think

958
00:43:01,280 --> 00:43:04,879
Speaker 1: there's a massive difference between taking a couple awesome week

959
00:43:04,920 --> 00:43:07,719
Speaker 1: long trips every single year and living a life of

960
00:43:07,760 --> 00:43:10,840
Speaker 1: just perpetual, NonStop travel. Yea, all of a sudden probably

961
00:43:10,840 --> 00:43:12,880
Speaker 1: doesn't feel all that special anymore if you're just constantly

962
00:43:12,880 --> 00:43:15,040
Speaker 1: just like, that's just your new normal. Uh, and that

963
00:43:15,120 --> 00:43:17,000
Speaker 1: hedonic treadmill kicks sent in before you know it. You

964
00:43:17,000 --> 00:43:19,320
Speaker 1: don't even realize that you're traveling. This is just your life.

965
00:43:19,600 --> 00:43:21,280
Speaker 1: Oh but by the way, it's your life that happens

966
00:43:21,280 --> 00:43:22,839
Speaker 1: that cost a ton of money. Makes me think of

967
00:43:22,960 --> 00:43:26,000
Speaker 1: talking to Elane and she talked on Monday about the

968
00:43:26,040 --> 00:43:28,000
Speaker 1: Frugal Traveler from The New York Times, and she mentioned

969
00:43:28,000 --> 00:43:29,920
Speaker 1: that one of the things that she does sometimes use

970
00:43:29,960 --> 00:43:32,440
Speaker 1: those some of those points, she's accrued to upgrade to

971
00:43:32,440 --> 00:43:35,440
Speaker 1: a nice re seat in the airplane and she's traveling

972
00:43:35,440 --> 00:43:37,600
Speaker 1: all the time, and so splurge. Yeah, it's a splurge

973
00:43:37,600 --> 00:43:38,920
Speaker 1: and it's and I'm like, that's a great way to

974
00:43:38,920 --> 00:43:40,520
Speaker 1: treat it, because I know some people and it's like,

975
00:43:40,960 --> 00:43:43,120
Speaker 1: that's all you do, first class all the time, no

976
00:43:43,160 --> 00:43:45,400
Speaker 1: matter what. All of a sudden, that's just the new normals,

977
00:43:45,440 --> 00:43:47,320
Speaker 1: the new normal, and it doesn't feel the same and

978
00:43:47,360 --> 00:43:49,839
Speaker 1: it doesn't provide the same rewards. Yes, Similarly, it makes

979
00:43:49,840 --> 00:43:51,920
Speaker 1: me think of every Monday, you and I we go

980
00:43:52,040 --> 00:43:54,960
Speaker 1: to our local little coffee shop, a little stand over there,

981
00:43:54,960 --> 00:43:57,920
Speaker 1: and we order a coffee. We enjoy that that barista

982
00:43:57,960 --> 00:44:00,760
Speaker 1: made coffee way more when we get it once a week,

983
00:44:01,080 --> 00:44:02,880
Speaker 1: and as opposed to imagine if we went over there

984
00:44:02,880 --> 00:44:08,399
Speaker 1: every single day. First of all, just the financial irresponsibility, Um,

985
00:44:08,440 --> 00:44:10,960
Speaker 1: we lose our job, as how to my host, we

986
00:44:11,120 --> 00:44:12,799
Speaker 1: lose our street credit if we were doing that. But

987
00:44:12,920 --> 00:44:14,600
Speaker 1: I don't think we would enjoy it nearly as much.

988
00:44:14,600 --> 00:44:16,960
Speaker 1: It would just kind of it would become again the

989
00:44:17,000 --> 00:44:20,200
Speaker 1: new normal. There's just something about the novelty that I

990
00:44:20,239 --> 00:44:23,279
Speaker 1: think that makes us appreciate the purchase even more. Yeah, man,

991
00:44:23,320 --> 00:44:26,400
Speaker 1: I think that that's totally true that the more we

992
00:44:26,440 --> 00:44:29,160
Speaker 1: get used to certain things, the less valuable they become.

993
00:44:29,280 --> 00:44:32,120
Speaker 1: But we kind of continue to expect to do those things.

994
00:44:32,120 --> 00:44:34,200
Speaker 1: We keep spending money on those things, and yet the

995
00:44:34,239 --> 00:44:37,360
Speaker 1: payoff isn't quite the same right after a while. And

996
00:44:37,520 --> 00:44:39,440
Speaker 1: it makes me think of an old old personal finance

997
00:44:39,480 --> 00:44:41,239
Speaker 1: guy that I used to keep up with, and he

998
00:44:41,239 --> 00:44:43,839
Speaker 1: would say that eventually, if you lobster every single day,

999
00:44:43,840 --> 00:44:47,640
Speaker 1: it just tastes like soap, which I've never been a

1000
00:44:47,680 --> 00:44:50,279
Speaker 1: huge lobster fan myself. But I get that. Yeah, I

1001
00:44:50,320 --> 00:44:51,759
Speaker 1: get that too. I think if I hate stake every

1002
00:44:51,880 --> 00:44:54,240
Speaker 1: you get tired of it pretty quick. Right. So, um,

1003
00:44:54,280 --> 00:44:56,680
Speaker 1: even the things that you love, if you overdo it,

1004
00:44:56,680 --> 00:44:58,719
Speaker 1: it has it one. It's going to be bad for

1005
00:44:58,760 --> 00:45:00,840
Speaker 1: your finances. But too, it's just not gonna it's not

1006
00:45:00,840 --> 00:45:03,840
Speaker 1: gonna provide the same return on investment. Well, and the

1007
00:45:03,840 --> 00:45:05,719
Speaker 1: goal of this episode is is for all of us

1008
00:45:05,760 --> 00:45:08,520
Speaker 1: to really dial in and optimize our spending. But it's

1009
00:45:08,560 --> 00:45:11,560
Speaker 1: likely a great goal just just spend less overall as well. Right,

1010
00:45:11,600 --> 00:45:13,000
Speaker 1: I think that's probably what a lot of honey money

1011
00:45:13,040 --> 00:45:15,480
Speaker 1: listeners want. They are some of them might have like

1012
00:45:15,480 --> 00:45:17,640
Speaker 1: a thirty savings right and they're like, yeah, no, I

1013
00:45:17,680 --> 00:45:21,319
Speaker 1: just not really. I think I'm good. But then there

1014
00:45:21,320 --> 00:45:22,959
Speaker 1: are other people who are like, no, really, that's something

1015
00:45:23,000 --> 00:45:26,160
Speaker 1: I want is to spend less overall. And there's a

1016
00:45:26,200 --> 00:45:28,400
Speaker 1: slogan from one of our favorite people in the personal

1017
00:45:28,480 --> 00:45:31,680
Speaker 1: finance space, Katie Wolke Stanley. She she goes by the

1018
00:45:32,280 --> 00:45:35,719
Speaker 1: anti consumer advocate and what she says is use it up,

1019
00:45:35,960 --> 00:45:38,120
Speaker 1: wear it out, make it do or do without. And

1020
00:45:38,160 --> 00:45:41,400
Speaker 1: if you follow her on Instagram, she's always doing something

1021
00:45:41,440 --> 00:45:43,880
Speaker 1: to save money, and it's often something that most people

1022
00:45:44,000 --> 00:45:46,799
Speaker 1: just wouldn't even consider. Like she shops at the Third

1023
00:45:46,800 --> 00:45:50,040
Speaker 1: Store regularly. She she's often selling the things that she

1024
00:45:50,080 --> 00:45:51,759
Speaker 1: finds at the Third Store and telling you how much

1025
00:45:51,760 --> 00:45:53,920
Speaker 1: she made, how much she profited by selling it on eBay,

1026
00:45:53,960 --> 00:45:56,360
Speaker 1: which I think is awesome. Like she fixes the stuff

1027
00:45:56,400 --> 00:45:58,520
Speaker 1: that she owns when it's falling apart, even if it's

1028
00:45:58,560 --> 00:46:01,000
Speaker 1: just like a cheap pair of sandals. For her, no

1029
00:46:01,080 --> 00:46:03,840
Speaker 1: stone is left unturned. And I love following her because

1030
00:46:03,840 --> 00:46:07,200
Speaker 1: it goads me into leaning harder towards wasting less and

1031
00:46:07,239 --> 00:46:09,359
Speaker 1: making do with what I've got. Matt just kind of

1032
00:46:09,360 --> 00:46:11,239
Speaker 1: like what we're talking about earlier with social media, the

1033
00:46:11,280 --> 00:46:14,640
Speaker 1: influence they can have, Like her influence on me when

1034
00:46:14,680 --> 00:46:17,640
Speaker 1: I'm scrolling through social media is a positive one. It's

1035
00:46:17,719 --> 00:46:19,239
Speaker 1: the exact opposite I think of what a lot of

1036
00:46:19,280 --> 00:46:21,239
Speaker 1: people are getting in their feed So follow people like

1037
00:46:21,239 --> 00:46:23,320
Speaker 1: that that are going to encourage you in the right direction,

1038
00:46:23,600 --> 00:46:25,520
Speaker 1: that aren't going to lead you down the path of

1039
00:46:25,560 --> 00:46:29,279
Speaker 1: like just rampant consumer spending, enticing you towards things that

1040
00:46:29,320 --> 00:46:31,879
Speaker 1: you can't necessarily afford and that you don't necessarily need.

1041
00:46:32,000 --> 00:46:34,360
Speaker 1: Totally agree man. Yeah, I think it's important for us

1042
00:46:34,400 --> 00:46:37,480
Speaker 1: to start thinking about our purchases from a different perspective

1043
00:46:38,080 --> 00:46:40,640
Speaker 1: because it's sure, spending more money it can fix certain

1044
00:46:40,680 --> 00:46:43,239
Speaker 1: problems in our lives, but it's not the solution to

1045
00:46:43,320 --> 00:46:45,279
Speaker 1: every problem that we face. A friend of the show,

1046
00:46:45,360 --> 00:46:48,160
Speaker 1: Morgan Housel, he says that spending money to make you

1047
00:46:48,239 --> 00:46:51,480
Speaker 1: happy it's hard when you're already happy. And so I

1048
00:46:51,480 --> 00:46:53,400
Speaker 1: think that's just kind of a great quote for us

1049
00:46:53,400 --> 00:46:55,520
Speaker 1: to end on, because being content with you know, what

1050
00:46:55,560 --> 00:46:57,719
Speaker 1: it is that we have will just make it easier

1051
00:46:57,760 --> 00:46:59,759
Speaker 1: to avoid some of those spending traps that we can

1052
00:46:59,760 --> 00:47:03,080
Speaker 1: fall into. When we know ourselves well and we can

1053
00:47:03,280 --> 00:47:05,840
Speaker 1: pinpoint exactly, you know, what actually makes us happy, I

1054
00:47:05,840 --> 00:47:07,560
Speaker 1: think we're going to be less likely to waste our

1055
00:47:07,560 --> 00:47:10,359
Speaker 1: money on either crap that's going to break or the

1056
00:47:10,360 --> 00:47:13,200
Speaker 1: things that that culture in society says that we should

1057
00:47:13,200 --> 00:47:14,719
Speaker 1: be spending our money on. Yeah. I like that quote.

1058
00:47:14,719 --> 00:47:16,680
Speaker 1: I mussa say it one more time. Spending money to

1059
00:47:16,719 --> 00:47:19,080
Speaker 1: make you happy as hard if you're already happy. That's

1060
00:47:19,160 --> 00:47:21,120
Speaker 1: just a great way to think about it, right, And

1061
00:47:21,360 --> 00:47:25,080
Speaker 1: we're all going to feel that need, that desire less

1062
00:47:25,480 --> 00:47:28,279
Speaker 1: to spend money when we're truly happy and and and

1063
00:47:28,320 --> 00:47:31,280
Speaker 1: part of that knowing yourself, it becomes more about utility

1064
00:47:31,520 --> 00:47:34,680
Speaker 1: as opposed to the feelings that something that that I

1065
00:47:34,719 --> 00:47:37,120
Speaker 1: purchase gives you. And we all know, we've all been

1066
00:47:37,120 --> 00:47:40,080
Speaker 1: there that sometimes it's that the temporary feeling that a

1067
00:47:40,120 --> 00:47:42,439
Speaker 1: purchase can provide. That's what we're seeking. And we're saying,

1068
00:47:42,480 --> 00:47:44,520
Speaker 1: Matt and I are saying in this episode, no, no, no no, no,

1069
00:47:44,560 --> 00:47:47,880
Speaker 1: we want to avoid trying to maximize those fleeting feelings

1070
00:47:47,960 --> 00:47:50,920
Speaker 1: right that sometimes consuming things, buying stuff randomly on the

1071
00:47:50,960 --> 00:47:53,439
Speaker 1: internet can provide. We were more about that long term

1072
00:47:53,480 --> 00:47:57,160
Speaker 1: health and so hopefully, uh yeah, spending wise. Hopefully we've

1073
00:47:57,200 --> 00:47:59,720
Speaker 1: given you some tips in this episode to spend wisely

1074
00:47:59,800 --> 00:48:02,879
Speaker 1: and to spend in a more reflective manner that that

1075
00:48:03,360 --> 00:48:05,560
Speaker 1: is going to help you achieve those goals that you've

1076
00:48:05,600 --> 00:48:09,000
Speaker 1: got for yourself. That's right, Yeah, And not surprisingly this

1077
00:48:09,040 --> 00:48:10,480
Speaker 1: is I feel like this is gonna a very balanced

1078
00:48:10,480 --> 00:48:12,880
Speaker 1: approach to spending money, which I think folks should come

1079
00:48:12,920 --> 00:48:15,799
Speaker 1: to expect from us here at how the money some

1080
00:48:15,800 --> 00:48:19,440
Speaker 1: sometimes again where there's the classic personal finance way of

1081
00:48:19,480 --> 00:48:22,200
Speaker 1: talking to people is like stop buying everything, don't buy

1082
00:48:22,239 --> 00:48:24,480
Speaker 1: anything you know only drive a twenty five year old

1083
00:48:24,520 --> 00:48:26,120
Speaker 1: use car. And there are certain things like we're hardcore

1084
00:48:26,200 --> 00:48:28,600
Speaker 1: on you and I we do drive older used cars.

1085
00:48:28,640 --> 00:48:31,000
Speaker 1: We have one car, and that's something that we're one car.

1086
00:48:31,320 --> 00:48:33,080
Speaker 1: We're pretty into. But then there are other things where

1087
00:48:33,120 --> 00:48:35,120
Speaker 1: it's like people would be like, oh, really, you bought

1088
00:48:35,160 --> 00:48:36,799
Speaker 1: a two hundred dollar jacket. I would have thought you've

1089
00:48:36,760 --> 00:48:38,600
Speaker 1: been wearing something from the thrift store. And it's like, no, well,

1090
00:48:38,600 --> 00:48:40,160
Speaker 1: that jacket's gonna last me a long time and I

1091
00:48:40,200 --> 00:48:42,640
Speaker 1: really like it, so uh yeah, but it's really important

1092
00:48:42,680 --> 00:48:43,920
Speaker 1: for me to have a down jacket so I can

1093
00:48:43,960 --> 00:48:45,520
Speaker 1: stay warm in the winter. I spent a lot of

1094
00:48:45,520 --> 00:48:48,200
Speaker 1: time outside and on the bike riding. So yeah, those

1095
00:48:48,200 --> 00:48:50,120
Speaker 1: are the kind of things that like, they're gonna be

1096
00:48:50,360 --> 00:48:53,120
Speaker 1: different for each of us as individuals, but they're important

1097
00:48:53,120 --> 00:48:55,400
Speaker 1: for us to think through exactly. That's right, man, all right.

1098
00:48:55,520 --> 00:48:58,200
Speaker 1: So the beer you and I enjoyed today was a

1099
00:48:58,280 --> 00:49:00,880
Speaker 1: Song of Winter. This is a chocolate stout brewed with

1100
00:49:01,000 --> 00:49:05,120
Speaker 1: fresh cocoa nibs by Hill Farmstead Brewery. What were your

1101
00:49:05,160 --> 00:49:08,319
Speaker 1: thoughts on this beer? Yeah, so honestly, it made me

1102
00:49:08,320 --> 00:49:10,040
Speaker 1: think of Monday's beer a whole lot. The I p

1103
00:49:10,160 --> 00:49:12,200
Speaker 1: a that we had in the fact that it was

1104
00:49:12,480 --> 00:49:15,160
Speaker 1: kind of just a basic style, like nothing over the top,

1105
00:49:15,400 --> 00:49:18,680
Speaker 1: but it was well executed. It was just a great

1106
00:49:18,760 --> 00:49:21,680
Speaker 1: example of kind of like a milk stout. This is

1107
00:49:21,680 --> 00:49:24,040
Speaker 1: definitely what what this vibe was going on. Yeah, dude,

1108
00:49:24,040 --> 00:49:26,200
Speaker 1: I totally agree with you there because it was like

1109
00:49:26,239 --> 00:49:29,560
Speaker 1: it was super toasty and roasty, but simultaneously it wasn't

1110
00:49:29,600 --> 00:49:33,480
Speaker 1: too acidic, like it was really smooth, uh, And oftentimes

1111
00:49:33,520 --> 00:49:35,480
Speaker 1: you find that in the milk style there's to be

1112
00:49:35,560 --> 00:49:37,400
Speaker 1: lactose in there, right, but it doesn't say it's that

1113
00:49:37,520 --> 00:49:39,279
Speaker 1: it's a milk stout at all. Okay, it tastes like

1114
00:49:39,320 --> 00:49:41,319
Speaker 1: that to me, and but it also is just one

1115
00:49:41,320 --> 00:49:44,400
Speaker 1: of those things where it's, uh, it's basic in its approach,

1116
00:49:44,800 --> 00:49:47,399
Speaker 1: but it's really really well done and so um. Yeah,

1117
00:49:47,440 --> 00:49:49,919
Speaker 1: i'd say it was clean and delicious. And it's still

1118
00:49:50,120 --> 00:49:52,279
Speaker 1: stout season where we are here in Atlanta, it's still

1119
00:49:52,320 --> 00:49:55,680
Speaker 1: it's still somewhat cold, so chilly. Yeah, I did counsas

1120
00:49:55,719 --> 00:49:57,880
Speaker 1: winter for sure. But yeah, So these were the first

1121
00:49:58,000 --> 00:50:01,759
Speaker 1: two Hill Farmstead beers that we've ever had, and I

1122
00:50:01,760 --> 00:50:04,919
Speaker 1: will say they were most excellent. They're they're very good,

1123
00:50:04,920 --> 00:50:07,040
Speaker 1: but they didn't. At the same time, they didn't completely

1124
00:50:07,040 --> 00:50:09,960
Speaker 1: blow my socks off like Fidens did. Those are the

1125
00:50:10,000 --> 00:50:13,560
Speaker 1: beers we had last week Monday and Wednesday. Wednesday's beers

1126
00:50:13,560 --> 00:50:16,280
Speaker 1: from last week that Michael and Emily donated as well,

1127
00:50:16,480 --> 00:50:20,359
Speaker 1: those big beers completely, I mean they blew us both away. Uh,

1128
00:50:20,400 --> 00:50:22,800
Speaker 1: they were mind blowing. Well. Hill Farm said has apparently

1129
00:50:22,880 --> 00:50:24,200
Speaker 1: some of the best, and these are, by the way,

1130
00:50:24,200 --> 00:50:26,440
Speaker 1: are totally so good. They're they're very good. But I

1131
00:50:26,480 --> 00:50:28,640
Speaker 1: think some of their barrel age hours or maybe the

1132
00:50:28,680 --> 00:50:31,640
Speaker 1: most earlier I think Hill Farm said, so maybe one

1133
00:50:31,640 --> 00:50:33,640
Speaker 1: of these days we'll grab one of those. That's the goal.

1134
00:50:33,719 --> 00:50:35,400
Speaker 1: I mean, I would totally I would give these an A.

1135
00:50:35,640 --> 00:50:38,000
Speaker 1: But the beers last week were like a plus plus. Yeah, yeah,

1136
00:50:38,120 --> 00:50:40,680
Speaker 1: agreed for sure. Actually I would give this an A plus.

1137
00:50:40,840 --> 00:50:42,719
Speaker 1: It's just last week was just over the top. It

1138
00:50:42,760 --> 00:50:44,880
Speaker 1: was way more than I think either of us were expecting.

1139
00:50:45,040 --> 00:50:48,319
Speaker 1: But incredibly appreciative to again Michael and Emily for sending

1140
00:50:48,400 --> 00:50:50,279
Speaker 1: these are away. For sure, I was gonna do it

1141
00:50:50,280 --> 00:50:52,279
Speaker 1: for this episode. If you want show notes, you can

1142
00:50:52,320 --> 00:50:54,680
Speaker 1: go to our website at how to Money dot com,

1143
00:50:55,000 --> 00:50:57,439
Speaker 1: and as always, you can find the best credit card

1144
00:50:57,440 --> 00:51:00,200
Speaker 1: for you at how the Money dot Com slash credit cards.

1145
00:51:00,280 --> 00:51:02,359
Speaker 1: But Matt, that's going to do it until next time.

1146
00:51:02,760 --> 00:51:04,680
Speaker 1: Best friends out, Best friends Out,