1 00:00:00,120 --> 00:00:03,559 Speaker 1: Welcome to Had of Money. I'm Joel and I am Matt, 2 00:00:03,600 --> 00:00:27,080 Speaker 1: and today we're talking preparing for the Unthinkable with Chanelle Reynolds. Yeah, 3 00:00:27,120 --> 00:00:29,280 Speaker 1: so this is a topic that's been on our minds, 4 00:00:29,440 --> 00:00:32,159 Speaker 1: like literally for months, because this past summer we recorded 5 00:00:32,200 --> 00:00:35,360 Speaker 1: an episode with our Wives that was episode seven oh four, 6 00:00:35,400 --> 00:00:36,920 Speaker 1: by the way, if you want to go back and listen, 7 00:00:37,280 --> 00:00:39,919 Speaker 1: and a listener had asked about our communication with our 8 00:00:39,920 --> 00:00:43,040 Speaker 1: wives and how involved they were with our finances, because 9 00:00:43,040 --> 00:00:45,360 Speaker 1: it's you know, it's really fun to dream work towards 10 00:00:45,360 --> 00:00:48,559 Speaker 1: the different big financial goals that we have, and then 11 00:00:48,600 --> 00:00:51,159 Speaker 1: of course the day to day discussions, right like what 12 00:00:51,320 --> 00:00:53,600 Speaker 1: was the water bill that month? How much money's left 13 00:00:53,600 --> 00:00:55,040 Speaker 1: in the entertainment category. 14 00:00:55,160 --> 00:00:58,000 Speaker 2: Those are the kind of convos that happened pretty automatically 15 00:00:58,040 --> 00:01:00,560 Speaker 2: as well. But given the fact that Joel and I 16 00:01:00,600 --> 00:01:03,400 Speaker 2: were both money nerds, it's no surprise that both of 17 00:01:03,480 --> 00:01:07,080 Speaker 2: us handle the bulk of our families finances. The logistics, 18 00:01:07,560 --> 00:01:11,200 Speaker 2: and that question did spotlight the fact that if something 19 00:01:11,280 --> 00:01:14,000 Speaker 2: terrible happened to one of us, that it might be 20 00:01:14,080 --> 00:01:16,880 Speaker 2: difficult for our wives to figure out how to take 21 00:01:16,920 --> 00:01:19,800 Speaker 2: the reins unless we made a plan for it and 22 00:01:19,880 --> 00:01:22,479 Speaker 2: so that's why we are honored to be talking with 23 00:01:22,680 --> 00:01:26,200 Speaker 2: Chanelle Reynolds, who has quite literally been on a mission 24 00:01:26,360 --> 00:01:29,240 Speaker 2: for the past decade to help folks do what she 25 00:01:29,360 --> 00:01:32,480 Speaker 2: wished that she had done before life takes a detour, 26 00:01:33,400 --> 00:01:35,400 Speaker 2: so we keep it clean here on the podcast. I'll 27 00:01:35,440 --> 00:01:39,800 Speaker 2: say that Chanelle founded get Your Shizz Together dot com, 28 00:01:39,880 --> 00:01:43,680 Speaker 2: she authored the book What Matters Most, and both are 29 00:01:43,680 --> 00:01:48,320 Speaker 2: dedicated to help folks face the inevitable reality of death. Chanelle, 30 00:01:48,520 --> 00:01:50,320 Speaker 2: thank you so much for taking the time to talk 31 00:01:50,360 --> 00:01:50,880 Speaker 2: with us today. 32 00:01:51,040 --> 00:01:52,800 Speaker 3: Thanks for having me here, of course. 33 00:01:52,880 --> 00:01:54,840 Speaker 1: Yeah, all right, So Chanel, the first question we ask 34 00:01:54,920 --> 00:01:56,920 Speaker 1: anybody who comes on the show, Matt and I. We 35 00:01:57,040 --> 00:02:00,000 Speaker 1: like to splurge. We spend more money than some people 36 00:02:00,000 --> 00:02:02,920 Speaker 1: think is reasonable on craft beer. But hey, we're doing 37 00:02:02,920 --> 00:02:04,520 Speaker 1: the right thing on the flip side of the equation. 38 00:02:04,600 --> 00:02:09,359 Speaker 1: We're saving and investing wisely and on purpose. We're fundling 39 00:02:09,360 --> 00:02:11,760 Speaker 1: a lot of money in that direction for our future selves. 40 00:02:12,080 --> 00:02:14,320 Speaker 1: What is it that you maybe spore John in the 41 00:02:14,360 --> 00:02:16,040 Speaker 1: here and now that some people might think is a 42 00:02:16,080 --> 00:02:16,880 Speaker 1: little outrageous. 43 00:02:17,440 --> 00:02:23,520 Speaker 3: I love it. I'm I'm torn between saying fancy cheese, 44 00:02:23,960 --> 00:02:27,280 Speaker 3: which you know, growing up in the Midwest, we didn't 45 00:02:27,360 --> 00:02:29,639 Speaker 3: always have fancy cheese, and so now if I'm at 46 00:02:29,639 --> 00:02:32,680 Speaker 3: the store and there's like something perfectly adequate, but then 47 00:02:32,720 --> 00:02:36,400 Speaker 3: there's something that's smaller than four times as much, I'm like, 48 00:02:36,440 --> 00:02:39,960 Speaker 3: I want that one. It probably smells, yeah, like the 49 00:02:40,000 --> 00:02:43,400 Speaker 3: dirty feet of angels, but I love it. 50 00:02:43,880 --> 00:02:47,120 Speaker 2: The more the more cavities and crystallized salts that there 51 00:02:47,120 --> 00:02:49,160 Speaker 2: are in any hard cheese, the more I'm drawn to it. 52 00:02:49,240 --> 00:02:53,800 Speaker 3: Yeah, exactly exactly that. Or or a pair of boots 53 00:02:54,160 --> 00:02:57,919 Speaker 3: like my winter leather boots, if there's a nice well 54 00:02:58,080 --> 00:03:00,720 Speaker 3: sale even it's hard to say now. 55 00:03:01,040 --> 00:03:04,880 Speaker 2: Interesting both of those are somehow related to feet stinky. 56 00:03:06,800 --> 00:03:09,080 Speaker 3: I had never put that together before. 57 00:03:10,160 --> 00:03:12,239 Speaker 2: Give me a thing to that well. Thank you, Thank 58 00:03:12,240 --> 00:03:14,840 Speaker 2: you for sharing that. And we do want to spend 59 00:03:14,880 --> 00:03:18,919 Speaker 2: some time talking about your story in your book. It's 60 00:03:19,000 --> 00:03:22,800 Speaker 2: less of like a workbook where you're being super practical, 61 00:03:23,240 --> 00:03:26,280 Speaker 2: and it's just an incredible narrative where you're sharing your 62 00:03:26,280 --> 00:03:29,320 Speaker 2: story with the reader, but also walking folks who might 63 00:03:29,320 --> 00:03:32,760 Speaker 2: be entering into a situation like that through just the 64 00:03:32,800 --> 00:03:36,680 Speaker 2: headspace of kind of what to expect. Honestly, we hate 65 00:03:36,680 --> 00:03:38,120 Speaker 2: to bring up what must be the worst day of 66 00:03:38,120 --> 00:03:39,480 Speaker 2: your life but can you tell us a little bit 67 00:03:39,560 --> 00:03:41,880 Speaker 2: about the accident that changed everything for you? 68 00:03:42,520 --> 00:03:46,480 Speaker 3: Yeah, yeah, definitely. Well it was, you know, about a 69 00:03:46,560 --> 00:03:51,000 Speaker 3: dozen years ago when my late husband Jose and I 70 00:03:51,080 --> 00:03:55,560 Speaker 3: had a growing family and younger kids, and our son 71 00:03:55,760 --> 00:03:58,440 Speaker 3: was just about to get he was just about to 72 00:03:58,480 --> 00:04:03,080 Speaker 3: go into kindergarten actual and we'd done the thing that many, 73 00:04:03,560 --> 00:04:08,040 Speaker 3: you know, younger growing families do is, you know, childcare 74 00:04:08,080 --> 00:04:12,680 Speaker 3: costs were super expensive. We bought up bought a home that, 75 00:04:12,800 --> 00:04:14,640 Speaker 3: you know, a bit of a stretch home that we 76 00:04:14,720 --> 00:04:17,200 Speaker 3: were going to be in for a while. And so 77 00:04:17,520 --> 00:04:21,479 Speaker 3: for those handful of years where we were stretching and 78 00:04:22,160 --> 00:04:26,120 Speaker 3: you know, many costs were high, we we hadn't done 79 00:04:26,160 --> 00:04:28,520 Speaker 3: some of the basic things that we knew of these 80 00:04:28,560 --> 00:04:32,400 Speaker 3: like small incremental decisions of like buying the stinky cheese, 81 00:04:32,480 --> 00:04:37,760 Speaker 3: let's say. And what happened was I was over at 82 00:04:37,760 --> 00:04:40,360 Speaker 3: a friend's house with my son and went to get 83 00:04:40,360 --> 00:04:42,720 Speaker 3: my phone out of my purse to take a picture, 84 00:04:43,240 --> 00:04:45,680 Speaker 3: and notice there are all these calls from numbers I 85 00:04:45,680 --> 00:04:49,280 Speaker 3: didn't recognize, and my husband had been in an accident, 86 00:04:49,800 --> 00:04:54,839 Speaker 3: he had been taken to the hospital, and the tone 87 00:04:54,880 --> 00:04:58,840 Speaker 3: of voice on the voicemail and the lack of information 88 00:04:58,960 --> 00:05:03,080 Speaker 3: I was getting told me that something was very, very wrong. 89 00:05:03,240 --> 00:05:07,360 Speaker 3: So I made it to the hospital. He was in 90 00:05:07,480 --> 00:05:10,000 Speaker 3: the er. He had already been there for a couple 91 00:05:10,000 --> 00:05:11,960 Speaker 3: of hours, and people are trying to find me. He 92 00:05:12,000 --> 00:05:16,600 Speaker 3: had one hundred machines hooked up to him and tubes everywhere, 93 00:05:16,680 --> 00:05:19,360 Speaker 3: and the er doc said that he had a fifty 94 00:05:19,360 --> 00:05:23,240 Speaker 3: to fifty chance, and so that seemed better to me 95 00:05:23,839 --> 00:05:27,360 Speaker 3: than what I had feared most. And then he said, actually, 96 00:05:27,400 --> 00:05:32,120 Speaker 3: should I need you to listen? If he doesn't die 97 00:05:32,120 --> 00:05:34,960 Speaker 3: at any second, The paramedics thought he was going to 98 00:05:34,960 --> 00:05:37,960 Speaker 3: be a doa. If he's stable enough to get into surgery, 99 00:05:38,400 --> 00:05:40,880 Speaker 3: there's maybe a fifty to fifty chance he can make 100 00:05:40,920 --> 00:05:43,839 Speaker 3: it off the table alive. And that's when I realized 101 00:05:43,880 --> 00:05:48,520 Speaker 3: that no matter what happened, whether he lived or died, 102 00:05:48,680 --> 00:05:50,880 Speaker 3: and there was a fifty to fifty chance apparently of 103 00:05:50,920 --> 00:05:56,400 Speaker 3: either that his life, my life, our lives were changed forever. 104 00:05:56,880 --> 00:06:01,120 Speaker 3: And after a week he did. My late husband was 105 00:06:01,160 --> 00:06:05,920 Speaker 3: a stubborn man, so he defied the odds as long 106 00:06:05,960 --> 00:06:10,560 Speaker 3: as any body could. And after a week in the 107 00:06:10,880 --> 00:06:13,599 Speaker 3: er and the ICU, all of the tests came back 108 00:06:13,640 --> 00:06:20,440 Speaker 3: that his injuries were unrecoverable, and I made the decision 109 00:06:20,520 --> 00:06:22,839 Speaker 3: that I knew he would want because we'd had some 110 00:06:23,040 --> 00:06:26,080 Speaker 3: but not all, of these conversations and plans in place 111 00:06:26,800 --> 00:06:32,400 Speaker 3: to remove what was then medical intervention rather than life support. 112 00:06:32,839 --> 00:06:36,760 Speaker 3: And during that week in the hospital trying to just 113 00:06:36,800 --> 00:06:40,080 Speaker 3: figure out what was going on and trying to take 114 00:06:40,120 --> 00:06:45,359 Speaker 3: care of our son and stepdaughter, became clear to me 115 00:06:45,440 --> 00:06:48,000 Speaker 3: that there were these hundreds of questions that came up, 116 00:06:48,600 --> 00:06:51,200 Speaker 3: simple things like do you have your health insurance card? 117 00:06:51,320 --> 00:06:53,680 Speaker 3: To what are the phone numbers to some of his 118 00:06:53,800 --> 00:06:57,200 Speaker 3: family members, to do you have your affairs in order? 119 00:06:57,760 --> 00:06:59,880 Speaker 3: And when the social worker asked me if we had 120 00:06:59,880 --> 00:07:03,680 Speaker 3: affairs in order, it's just a phrase. Seems silly still 121 00:07:03,720 --> 00:07:05,840 Speaker 3: to me. I kind of giggled, but then was very 122 00:07:05,880 --> 00:07:08,680 Speaker 3: happy to say, yes, we did our wills and all 123 00:07:08,720 --> 00:07:11,760 Speaker 3: of our stuff. And then a few moments later, as 124 00:07:11,760 --> 00:07:14,920 Speaker 3: I was walking back into his room, I realized that 125 00:07:14,960 --> 00:07:18,360 Speaker 3: we did get all of our wills done and they 126 00:07:18,400 --> 00:07:21,680 Speaker 3: were sitting in my inbox and had been for a 127 00:07:21,720 --> 00:07:27,080 Speaker 3: few months waiting to be finalized and signed. So some 128 00:07:27,160 --> 00:07:30,280 Speaker 3: of the things that we had done, like having some 129 00:07:30,640 --> 00:07:35,920 Speaker 3: but not enough life insurance, really did kind of offer 130 00:07:36,000 --> 00:07:39,160 Speaker 3: that life boat for you know, as a bridge from 131 00:07:39,480 --> 00:07:42,400 Speaker 3: the life we had to whatever the heck my life 132 00:07:42,440 --> 00:07:45,320 Speaker 3: was going to be now. And some of the things 133 00:07:45,400 --> 00:07:49,400 Speaker 3: we didn't do, like knowing passwords to phones. It took 134 00:07:49,480 --> 00:07:52,720 Speaker 3: me dozens of hours to try to access something or 135 00:07:52,760 --> 00:07:55,800 Speaker 3: get a phone turned back on. And you know, to 136 00:07:55,880 --> 00:07:59,280 Speaker 3: this day, I still don't know if he bought bitcoin 137 00:07:59,400 --> 00:08:03,480 Speaker 3: in two thousand and nine because I can't find the information. 138 00:08:04,920 --> 00:08:09,120 Speaker 1: So you talked about having some of those conversations already 139 00:08:09,320 --> 00:08:13,120 Speaker 1: with your late husband about kind of what to do 140 00:08:13,360 --> 00:08:17,040 Speaker 1: if you're severely injured. You talked about life insurance, talked 141 00:08:17,040 --> 00:08:19,120 Speaker 1: about getting most of the way done on your wills. 142 00:08:19,160 --> 00:08:22,520 Speaker 1: Where would you rate yourself on like a financial preparedness spectrum? 143 00:08:22,520 --> 00:08:25,080 Speaker 1: Because you thought when she asked a question, oh yeah, 144 00:08:25,120 --> 00:08:27,840 Speaker 1: I'm good, we've done the stuff. But you realize after 145 00:08:27,840 --> 00:08:29,840 Speaker 1: the fact, what you think, There's a lot of stuff 146 00:08:29,880 --> 00:08:31,520 Speaker 1: I didn't realize needed to be done. 147 00:08:31,840 --> 00:08:36,640 Speaker 3: Yeah, exactly. So you know, there's milestones that happen in 148 00:08:36,679 --> 00:08:41,880 Speaker 3: our lives where somebody responsible or reliable or pediatrician or 149 00:08:42,160 --> 00:08:44,240 Speaker 3: parents tell us Okay, now it's time to get your 150 00:08:44,240 --> 00:08:47,000 Speaker 3: wills done, or now it's time to get life insurance, 151 00:08:47,040 --> 00:08:52,000 Speaker 3: and so we've done some of those long term i'd say, 152 00:08:52,160 --> 00:08:55,560 Speaker 3: kind of generic things. So the fifty percent of the 153 00:08:55,600 --> 00:09:01,160 Speaker 3: stuff i'd say was was primarily more like for that long, 154 00:09:01,440 --> 00:09:06,800 Speaker 3: faraway future inevitable, you know, surrounded by our grandchildren on 155 00:09:06,840 --> 00:09:10,840 Speaker 3: a lake in our you know, deathbed, laughing at jokes 156 00:09:10,920 --> 00:09:14,880 Speaker 3: or something. But we hadn't really and that's even that's 157 00:09:14,880 --> 00:09:17,640 Speaker 3: a challenging thing to do. You know, fifty percent of 158 00:09:18,760 --> 00:09:23,679 Speaker 3: us adults don't have wills done, don't have advanced care 159 00:09:23,720 --> 00:09:28,720 Speaker 3: directives or living wills done, and without some urgency or 160 00:09:29,120 --> 00:09:33,319 Speaker 3: a trigger in some case, or an accident, we don't 161 00:09:33,400 --> 00:09:36,440 Speaker 3: know how much it hurts until we see it or 162 00:09:36,520 --> 00:09:40,040 Speaker 3: we live through it in some ways. So the parts 163 00:09:40,080 --> 00:09:43,480 Speaker 3: that surprised me, i'd say, and I would not give 164 00:09:43,520 --> 00:09:47,240 Speaker 3: us one hundred percent marks on having everything done in advance, 165 00:09:47,320 --> 00:09:51,280 Speaker 3: but what we had done made such a difference. Some 166 00:09:51,360 --> 00:09:54,640 Speaker 3: of the things like, you know, an emergency fund. We 167 00:09:54,800 --> 00:09:58,200 Speaker 3: know that it can be hard just to get through 168 00:09:58,240 --> 00:10:01,000 Speaker 3: the month paying the bills that we have, much less 169 00:10:01,120 --> 00:10:05,880 Speaker 3: saving for an emergency, but having an emergency fund really 170 00:10:05,960 --> 00:10:11,040 Speaker 3: does and did offer some kind of cushioned just to 171 00:10:11,120 --> 00:10:14,200 Speaker 3: be able to figure out what's going on, or you know, 172 00:10:14,280 --> 00:10:16,720 Speaker 3: let's say in somebody's situation, by a plane ticket to 173 00:10:16,720 --> 00:10:20,200 Speaker 3: go visit a family member, that kind of thing. But 174 00:10:20,400 --> 00:10:23,199 Speaker 3: you know, like the what if stuff, What if something happens, 175 00:10:23,240 --> 00:10:26,440 Speaker 3: what would I want or need for the next twenty 176 00:10:26,480 --> 00:10:28,320 Speaker 3: four to forty eight hours, What would I want or 177 00:10:28,320 --> 00:10:30,800 Speaker 3: need for a few weeks? Or what if that what 178 00:10:30,840 --> 00:10:34,760 Speaker 3: if thing is? What's happening now? How prepared am I 179 00:10:35,480 --> 00:10:41,760 Speaker 3: and passwords, phone numbers, emergency contact plans, Having like an 180 00:10:41,800 --> 00:10:45,160 Speaker 3: extra key outside of the house so someone could go 181 00:10:46,320 --> 00:10:48,560 Speaker 3: feed the dog, so the dog wouldn't eat the couch. 182 00:10:48,640 --> 00:10:52,040 Speaker 3: You know, just some of these things keep life moving 183 00:10:52,880 --> 00:10:57,120 Speaker 3: somewhat forward. When a big bomb gets dropped in your life, 184 00:10:57,160 --> 00:11:02,040 Speaker 3: whether it's a disastrous accident like in my case, or 185 00:11:03,520 --> 00:11:06,360 Speaker 3: you know, a diagnosis or illness in the family, some 186 00:11:06,400 --> 00:11:11,000 Speaker 3: of these things we know we'll find us one day 187 00:11:11,200 --> 00:11:12,280 Speaker 3: or another totally. 188 00:11:12,520 --> 00:11:14,920 Speaker 2: I mean, you mentioned the emergency fund, and what that 189 00:11:15,080 --> 00:11:17,400 Speaker 2: is is it's margin. It's financial margin in your life. 190 00:11:17,400 --> 00:11:19,199 Speaker 2: But I like a lot of the things that you're 191 00:11:19,200 --> 00:11:23,600 Speaker 2: talking about are about creating wiggle room and margin just 192 00:11:23,640 --> 00:11:26,600 Speaker 2: within your actual life, like not even when it comes 193 00:11:26,640 --> 00:11:29,480 Speaker 2: to the finances, like you talking about the key thing. 194 00:11:29,720 --> 00:11:32,600 Speaker 2: I'm just like, oh, yeah, that's just smart. It seems wise, 195 00:11:32,640 --> 00:11:35,360 Speaker 2: it seems prudent. But oftentimes, like you said, we're always 196 00:11:35,360 --> 00:11:39,440 Speaker 2: thinking of the best potential outcomes for our lives. I 197 00:11:39,520 --> 00:11:43,280 Speaker 2: noticed in your Twitter profile, I think I saw optimist 198 00:11:43,720 --> 00:11:47,959 Speaker 2: in there, which is we Oftentimes when we are more optimistic, 199 00:11:47,960 --> 00:11:51,559 Speaker 2: we don't necessarily think that, oh, these are necessary precautions 200 00:11:51,559 --> 00:11:54,800 Speaker 2: that we should take. It's almost a matter of waking 201 00:11:54,880 --> 00:11:57,360 Speaker 2: up to the reality that this might definitely happen. 202 00:11:57,520 --> 00:12:00,960 Speaker 3: Absolutely, I am a serial optimist. Even even during like 203 00:12:01,000 --> 00:12:05,360 Speaker 3: the lowest lowest lows, I'm still grateful that I have 204 00:12:05,440 --> 00:12:10,160 Speaker 3: today and making these small incremental choices, you know, And 205 00:12:10,800 --> 00:12:15,960 Speaker 3: I definitely understand like the buy the coffee type of philosophy, 206 00:12:16,120 --> 00:12:18,840 Speaker 3: like we want we should be able to enjoy what 207 00:12:18,840 --> 00:12:22,400 Speaker 3: we're doing and have some joy in our lives and 208 00:12:22,440 --> 00:12:26,760 Speaker 3: balancing those with our financial priorities. And so we've done 209 00:12:26,840 --> 00:12:30,960 Speaker 3: okay in the past with our financial priorities. Not perfect. 210 00:12:31,480 --> 00:12:36,320 Speaker 3: And what I learned from that experience is when you 211 00:12:36,400 --> 00:12:40,320 Speaker 3: don't have those things that you wish you could turn to, 212 00:12:40,559 --> 00:12:45,520 Speaker 3: like you can't buy life insurance after you're dead, it's 213 00:12:45,559 --> 00:12:48,360 Speaker 3: hard to build up an emergency fund while you're in 214 00:12:48,400 --> 00:12:50,640 Speaker 3: the middle of an emergency and you need a little 215 00:12:50,640 --> 00:12:53,120 Speaker 3: bit of flexibility and breathing room. 216 00:12:53,400 --> 00:12:56,120 Speaker 1: Talk to me about how you guys divvied up kind 217 00:12:56,120 --> 00:12:59,400 Speaker 1: of the financial responsibilities in the household. The reality is 218 00:12:59,640 --> 00:13:02,480 Speaker 1: in relationships, it's like a ninety ten sort of split, right, 219 00:13:02,920 --> 00:13:07,040 Speaker 1: And I guess would you recommend that people split those 220 00:13:07,120 --> 00:13:09,200 Speaker 1: a little more evenly, or at least let their partner 221 00:13:09,320 --> 00:13:12,800 Speaker 1: in more on kind of the realities of what the 222 00:13:13,040 --> 00:13:16,920 Speaker 1: household financial management looks like, so that they're not completely 223 00:13:16,960 --> 00:13:19,760 Speaker 1: out to lunch when or if, you know, the worst 224 00:13:19,800 --> 00:13:21,480 Speaker 1: thing happens to their partner's spouse. 225 00:13:21,920 --> 00:13:25,720 Speaker 3: Yeah. Absolutely. You know, my late husband and I had, 226 00:13:26,679 --> 00:13:29,839 Speaker 3: you know, different strengths. He was kind of the tech 227 00:13:29,920 --> 00:13:32,280 Speaker 3: guy and the password guy, and I was happy to 228 00:13:32,360 --> 00:13:35,720 Speaker 3: let him do that. I was much better at other things. 229 00:13:36,240 --> 00:13:42,400 Speaker 3: And so, you know, having transparency and communication I think 230 00:13:42,520 --> 00:13:48,160 Speaker 3: is really huge shared responsibility, shared energy going into your finances. 231 00:13:48,320 --> 00:13:52,560 Speaker 3: You know, someone might really enjoy the cooking of the meals, 232 00:13:52,559 --> 00:13:57,000 Speaker 3: someone else might really enjoy getting free heyat in the spreadsheets, 233 00:13:57,240 --> 00:14:01,600 Speaker 3: and you know, optimizing and moving things around. So I 234 00:14:01,600 --> 00:14:05,880 Speaker 3: think that's great and I wouldn't necessarily suggest someone who 235 00:14:06,679 --> 00:14:09,880 Speaker 3: can't stand to look at a spreadsheet or or a 236 00:14:09,880 --> 00:14:13,280 Speaker 3: financial statement all of a sudden take on fifty percent, 237 00:14:13,320 --> 00:14:15,079 Speaker 3: because it has to be fifty to fifty, but. 238 00:14:15,120 --> 00:14:16,160 Speaker 1: With tooth picks in their eyes. 239 00:14:16,200 --> 00:14:22,160 Speaker 3: And but communication and transparency, so you know, there's been 240 00:14:22,200 --> 00:14:24,720 Speaker 3: a number of ways people have been able to share information, 241 00:14:24,840 --> 00:14:30,480 Speaker 3: whether it's a checklist or a spreadsheet. There are much better, 242 00:14:30,960 --> 00:14:36,720 Speaker 3: more usable, easier to share password managers or online fault 243 00:14:36,880 --> 00:14:41,520 Speaker 3: So my partner and I now we have what we 244 00:14:41,560 --> 00:14:45,080 Speaker 3: call our monthly CFO meeting, and we sit down for 245 00:14:45,120 --> 00:14:49,240 Speaker 3: an hour and we talk about what you had mentioned earlier, 246 00:14:49,320 --> 00:14:52,360 Speaker 3: how much was the water bill? But also what are 247 00:14:52,400 --> 00:14:56,600 Speaker 3: our financial priorities do? I have all of the information, 248 00:14:57,240 --> 00:15:01,000 Speaker 3: and we update our shared password manager. So if something 249 00:15:01,040 --> 00:15:04,880 Speaker 3: were to happen, and let's say it's a four hour 250 00:15:05,040 --> 00:15:08,280 Speaker 3: close call and I needed to be gone for a 251 00:15:08,360 --> 00:15:11,520 Speaker 3: weekend and my partner would want to pay a bill 252 00:15:11,600 --> 00:15:14,560 Speaker 3: or access something, they know where that is and I 253 00:15:14,560 --> 00:15:19,440 Speaker 3: would know where their other information is. So now sexy 254 00:15:19,720 --> 00:15:25,040 Speaker 3: future bonding intimate conversation is talking about like life insurance 255 00:15:25,040 --> 00:15:29,200 Speaker 3: beneficiaries in my household. To be totally honest, and it 256 00:15:29,280 --> 00:15:33,920 Speaker 3: really is an opportunity to talk about wanting your partner 257 00:15:33,960 --> 00:15:37,040 Speaker 3: to be okay no matter what, want you wanting to 258 00:15:37,080 --> 00:15:43,200 Speaker 3: be okay, no matter what, building a loving future for 259 00:15:43,360 --> 00:15:48,160 Speaker 3: however long that future is for you together or your family, 260 00:15:49,000 --> 00:15:54,440 Speaker 3: and then whoever whoever moves forward in that future. Because women, 261 00:15:55,480 --> 00:15:59,560 Speaker 3: in particular, eight out of ten women and hetero relationships 262 00:15:59,560 --> 00:16:03,440 Speaker 3: are going to live longer than their male partners or husbands. 263 00:16:03,560 --> 00:16:05,760 Speaker 3: And so I think it's really important that we have 264 00:16:05,840 --> 00:16:13,120 Speaker 3: these conversations, not just hey, babe, what's the Netflix password today? 265 00:16:13,160 --> 00:16:14,320 Speaker 1: That's the most important thing. 266 00:16:15,080 --> 00:16:17,800 Speaker 3: Well, sometimes it is. If there's a new show coming 267 00:16:17,800 --> 00:16:19,800 Speaker 3: out and you got to see it, you're like, it's the. 268 00:16:19,640 --> 00:16:25,520 Speaker 2: Finale, funny clamoring for the David Beckham. 269 00:16:28,440 --> 00:16:30,520 Speaker 3: See whatever that is that could be that could actually 270 00:16:30,520 --> 00:16:35,080 Speaker 3: be a financial life raft. Right there is sharing the password, 271 00:16:35,160 --> 00:16:38,160 Speaker 3: but to the future as well. So you know some 272 00:16:38,240 --> 00:16:44,280 Speaker 3: of those mundane admin you know, family household stuff. You know, 273 00:16:44,400 --> 00:16:47,960 Speaker 3: my son knows he's the legacy contact for some of 274 00:16:48,000 --> 00:16:51,200 Speaker 3: my digital files, and he also likes to crack jokes 275 00:16:51,200 --> 00:16:53,240 Speaker 3: on Mother's Day that he knows how much my life 276 00:16:53,280 --> 00:16:57,640 Speaker 3: insurance policy is and like you can't kill me and 277 00:16:57,720 --> 00:17:01,920 Speaker 3: still be a beneficiary. But there's a level of transparency 278 00:17:02,680 --> 00:17:07,680 Speaker 3: and communication which which for me takes a lot of 279 00:17:07,720 --> 00:17:11,639 Speaker 3: that fear and a lot of that worry, and for 280 00:17:11,720 --> 00:17:14,959 Speaker 3: a lot of people the wonder, like the wondering what 281 00:17:15,000 --> 00:17:18,280 Speaker 3: would happen if something happened? I know or I know 282 00:17:19,119 --> 00:17:24,000 Speaker 3: nineteen answers out of twenty and it's incredibly wildly reassuring 283 00:17:24,040 --> 00:17:24,280 Speaker 3: to me. 284 00:17:24,560 --> 00:17:26,880 Speaker 2: Sure, well, I like how you're kind of diving into 285 00:17:27,200 --> 00:17:30,000 Speaker 2: simple practical matters and you know, we're talking a lot 286 00:17:30,000 --> 00:17:32,240 Speaker 2: about passwords, but how do you go about doing that? 287 00:17:32,400 --> 00:17:35,200 Speaker 2: Like where do you write down the login info for 288 00:17:35,440 --> 00:17:38,040 Speaker 2: just all your different online accounts, whether you are talking 289 00:17:38,040 --> 00:17:41,720 Speaker 2: about Netflix or Hulu or a retirement account, because that's 290 00:17:41,720 --> 00:17:45,360 Speaker 2: a really important part not only identifying which accounts exist, 291 00:17:45,440 --> 00:17:47,800 Speaker 2: but also how to go about logging in. How is 292 00:17:47,800 --> 00:17:50,240 Speaker 2: it that you're able to keep that safe but also 293 00:17:50,320 --> 00:17:52,240 Speaker 2: accessible to those that you want to have it? 294 00:17:52,520 --> 00:17:57,000 Speaker 3: Yeah, definitely. I think there's two questions to ask yourself 295 00:17:57,040 --> 00:18:02,840 Speaker 3: about what is going to make a successful digital hygiene 296 00:18:03,240 --> 00:18:05,520 Speaker 3: kind of plan for you and what's going to have 297 00:18:06,480 --> 00:18:10,240 Speaker 3: a successful way to manage and share or hand off 298 00:18:10,240 --> 00:18:14,720 Speaker 3: your digital assets. One of them is what system do 299 00:18:14,800 --> 00:18:18,119 Speaker 3: you already use that maybe works, and what's a system 300 00:18:18,160 --> 00:18:22,879 Speaker 3: that you're actually going to maintain, and then who is 301 00:18:22,920 --> 00:18:26,600 Speaker 3: it that you are wanting to share this information with. So, 302 00:18:28,000 --> 00:18:31,879 Speaker 3: for example, with my parents, I had purchased one of 303 00:18:31,920 --> 00:18:38,639 Speaker 3: the more expensive kind of concierge organized much easier to 304 00:18:38,880 --> 00:18:45,000 Speaker 3: use online vaults and storage, and they wouldn't use it. 305 00:18:45,320 --> 00:18:48,080 Speaker 3: They wouldn't use it. They wouldn't use it, like, can 306 00:18:48,119 --> 00:18:50,040 Speaker 3: I send someone to your house to set it up 307 00:18:50,040 --> 00:18:54,800 Speaker 3: for you? They can bring some pie it just the 308 00:18:54,880 --> 00:18:57,560 Speaker 3: answer was yes, of course, honey, this sounds great, and 309 00:18:57,800 --> 00:19:00,560 Speaker 3: they never used it. So if I'm trying to communicate 310 00:19:00,600 --> 00:19:04,520 Speaker 3: information to my parents or a generation of people, or 311 00:19:04,560 --> 00:19:08,399 Speaker 3: somebody who thinks password managers aren't safe no matter what, 312 00:19:09,359 --> 00:19:11,439 Speaker 3: or they're just not going to use it, I have 313 00:19:11,760 --> 00:19:15,560 Speaker 3: my own password manager and there's a number of them, 314 00:19:15,800 --> 00:19:18,240 Speaker 3: you know. Some of the ones that have been highest 315 00:19:18,359 --> 00:19:22,160 Speaker 3: on review lists are Bitwarden and one password. I had 316 00:19:22,240 --> 00:19:24,720 Speaker 3: used last Pass for a number of years until there 317 00:19:24,760 --> 00:19:29,719 Speaker 3: were security breaches recently and the communication around them I 318 00:19:29,720 --> 00:19:32,960 Speaker 3: didn't like, so I decided to move. I'm not affiliated 319 00:19:33,000 --> 00:19:35,520 Speaker 3: with any one of them. There are you know, there's 320 00:19:35,600 --> 00:19:39,840 Speaker 3: your Google Drive or there's an Excel spreadsheet. People who 321 00:19:39,920 --> 00:19:44,119 Speaker 3: are good at and want to take care of, you know, 322 00:19:44,160 --> 00:19:48,000 Speaker 3: they have their own system. You can create a safe 323 00:19:48,080 --> 00:19:52,480 Speaker 3: or safer way to track your most important, most important 324 00:19:52,600 --> 00:19:55,480 Speaker 3: passwords and accounts, and if you are going to hand 325 00:19:55,520 --> 00:19:58,919 Speaker 3: them off to somebody who is not computer savvy or 326 00:19:59,200 --> 00:20:03,760 Speaker 3: won't log into the password manager to get the email 327 00:20:03,800 --> 00:20:06,600 Speaker 3: that says you know, you're the legacy contact and then 328 00:20:06,640 --> 00:20:11,000 Speaker 3: they accept it. In some cases, I just have a 329 00:20:11,080 --> 00:20:16,480 Speaker 3: folder and it's in my little waterproof, fireproof case. And 330 00:20:16,680 --> 00:20:19,600 Speaker 3: every year or so when I see family, I hand 331 00:20:19,640 --> 00:20:24,320 Speaker 3: off to my you know mom, now the updated folder 332 00:20:24,440 --> 00:20:29,240 Speaker 3: with the spreadsheet, and my brother and my partner are 333 00:20:29,359 --> 00:20:35,040 Speaker 3: my digital powers of attorney. And so that makes me, 334 00:20:36,080 --> 00:20:38,720 Speaker 3: it makes me feel reassured that if something were to 335 00:20:38,760 --> 00:20:43,920 Speaker 3: happen and I didn't log into my password manager account 336 00:20:44,000 --> 00:20:46,840 Speaker 3: after a certain amount of time, they would get an 337 00:20:46,840 --> 00:20:49,760 Speaker 3: email and they would be able to access the files 338 00:20:49,800 --> 00:20:53,000 Speaker 3: that I've given them access to, so nothing will get lost. 339 00:20:53,080 --> 00:20:57,320 Speaker 3: Right like when it comes to your analog or your 340 00:20:57,359 --> 00:21:01,959 Speaker 3: digital stuff in your house for when you need somebody 341 00:21:02,000 --> 00:21:06,080 Speaker 3: to come in and help you or pay bills or 342 00:21:06,119 --> 00:21:10,680 Speaker 3: find something. There's absolutely things you don't want to get lost. 343 00:21:10,720 --> 00:21:13,320 Speaker 3: You don't want your four O one K drifting off 344 00:21:13,400 --> 00:21:17,280 Speaker 3: into the ether somewhere and nobody ever knows where it 345 00:21:17,359 --> 00:21:20,040 Speaker 3: is and nobody ever gets it. And they are more 346 00:21:20,760 --> 00:21:27,040 Speaker 3: gazillions of dollars out there that are unclaimed. My impression 347 00:21:27,480 --> 00:21:31,240 Speaker 3: of the many insurance companies that are out there is 348 00:21:31,280 --> 00:21:36,760 Speaker 3: they're not probably prioritizing finding people who haven't filed claims 349 00:21:36,880 --> 00:21:40,159 Speaker 3: to get the money back from them. So we want 350 00:21:40,440 --> 00:21:43,240 Speaker 3: our friends and family to find the things we want 351 00:21:43,240 --> 00:21:45,920 Speaker 3: them to find, and also maybe not find everything. Right. 352 00:21:45,960 --> 00:21:50,040 Speaker 3: There might be a special box somewhere of who knows, 353 00:21:50,080 --> 00:21:53,280 Speaker 3: like really embarrassing journals when you wrote poetry, or some 354 00:21:53,359 --> 00:21:56,440 Speaker 3: more consenting adult type things that you might not want 355 00:21:56,480 --> 00:21:59,480 Speaker 3: your mother or your children to find. So you might 356 00:21:59,520 --> 00:22:02,120 Speaker 3: want to have a plan for who comes and takes 357 00:22:02,200 --> 00:22:04,680 Speaker 3: care of what, not just your digital files, but also 358 00:22:04,800 --> 00:22:07,719 Speaker 3: like who you want to have your you know, Elvis 359 00:22:07,800 --> 00:22:10,200 Speaker 3: impersonator outfit collection too. 360 00:22:11,560 --> 00:22:13,119 Speaker 1: How did you know Matt's Stark's secret? 361 00:22:13,359 --> 00:22:16,000 Speaker 3: Yeah, you know, I wasn't going to out him, but 362 00:22:18,200 --> 00:22:19,440 Speaker 3: it seems like you just did. 363 00:22:19,600 --> 00:22:23,160 Speaker 1: Yeah, sorry, Matt. Well, yeah, it's one thing to have 364 00:22:23,440 --> 00:22:26,800 Speaker 1: the insurance policy. It's another thing to communicate effectively to 365 00:22:26,880 --> 00:22:29,719 Speaker 1: your loved ones. Then it exists, so they can you know, 366 00:22:29,840 --> 00:22:32,919 Speaker 1: tap those funds when or if the need arises. And 367 00:22:33,000 --> 00:22:34,800 Speaker 1: you know, we've got more questions were going to get 368 00:22:34,840 --> 00:22:37,360 Speaker 1: to h with. You want to talk about wills, life insurance, 369 00:22:37,680 --> 00:22:41,560 Speaker 1: powers of attorney, beneficiaries, A bunch of questions on those fronts. 370 00:22:41,560 --> 00:22:43,479 Speaker 1: We'll get to that and more right after this. 371 00:22:52,160 --> 00:22:54,399 Speaker 4: All right, we are back from the break talking with 372 00:22:54,520 --> 00:22:57,720 Speaker 4: Chanelle Reynolds, and we've kind of talked about I guess 373 00:22:58,080 --> 00:23:00,760 Speaker 4: thinking through I guess how it is you're going to 374 00:23:00,840 --> 00:23:02,639 Speaker 4: kind of line up some of that information, who it 375 00:23:02,720 --> 00:23:06,280 Speaker 4: is that you want to leave some of that information too. 376 00:23:06,640 --> 00:23:09,920 Speaker 2: Let's talk more about the legal side of things. Let's 377 00:23:09,920 --> 00:23:13,879 Speaker 2: talk about the state planning documents, specifically, how can folks 378 00:23:13,960 --> 00:23:17,280 Speaker 2: go about planning in the first place? Yeah, can you 379 00:23:17,520 --> 00:23:20,160 Speaker 2: maybe provide a good overview of some of the legal 380 00:23:20,200 --> 00:23:21,680 Speaker 2: documents that need to be in place? 381 00:23:22,359 --> 00:23:26,280 Speaker 3: Definitely so, in my opinion and the opinion of many 382 00:23:26,280 --> 00:23:29,800 Speaker 3: other financial and attorneys who deal with the state planning, 383 00:23:29,840 --> 00:23:33,480 Speaker 3: anybody who's eighteen or older should have some basic documents 384 00:23:33,480 --> 00:23:36,760 Speaker 3: in place, and it doesn't have to be expensive, and 385 00:23:36,800 --> 00:23:40,119 Speaker 3: it doesn't have to take more than you know, maybe 386 00:23:40,160 --> 00:23:42,640 Speaker 3: a couple of hours. So it's just an important thing 387 00:23:42,680 --> 00:23:46,439 Speaker 3: to start working into the speck of your life. The 388 00:23:46,480 --> 00:23:50,359 Speaker 3: same way we go to the dentist and we you know, 389 00:23:50,400 --> 00:23:53,320 Speaker 3: replace our furnace filters and we get mammograms. It's just 390 00:23:53,520 --> 00:23:57,000 Speaker 3: part of the maintenance. So if we kind of take 391 00:23:57,040 --> 00:23:59,320 Speaker 3: the scary way and just make it maybe like a 392 00:23:59,359 --> 00:24:02,560 Speaker 3: boring tax I feel like it might be easier for 393 00:24:02,640 --> 00:24:05,280 Speaker 3: us to do. In general, one of the things that 394 00:24:06,040 --> 00:24:10,640 Speaker 3: any attorney who you would talk to about estate planning, 395 00:24:11,119 --> 00:24:15,040 Speaker 3: any question you ask, generally, the first response back is 396 00:24:15,119 --> 00:24:17,960 Speaker 3: it depends, and it does. It depends on a number 397 00:24:18,000 --> 00:24:20,880 Speaker 3: of things, like which state you live in. You know, 398 00:24:21,080 --> 00:24:23,560 Speaker 3: there are many as we you know here in the 399 00:24:23,600 --> 00:24:29,400 Speaker 3: news and know from maybe personal experience, laws vary from 400 00:24:29,400 --> 00:24:32,120 Speaker 3: state to state, and that's true also when it comes 401 00:24:32,160 --> 00:24:36,800 Speaker 3: to estate planning and probate. So that's what happens if 402 00:24:36,840 --> 00:24:40,840 Speaker 3: you die without a will, which you should not want, and. 403 00:24:41,000 --> 00:24:43,960 Speaker 1: That's when the state ends up making decisions for you 404 00:24:44,240 --> 00:24:46,680 Speaker 1: that when you could have made those decisions ahead. 405 00:24:46,480 --> 00:24:50,680 Speaker 3: Of time exactly exactly. And so for some people, if 406 00:24:50,720 --> 00:24:53,680 Speaker 3: you're married and you live in a community property state 407 00:24:53,760 --> 00:24:57,320 Speaker 3: like let's say Washington State is and something happens, generally 408 00:24:57,520 --> 00:25:01,080 Speaker 3: the legally married spouse gets everything, and so for some 409 00:25:01,200 --> 00:25:04,200 Speaker 3: people that could be like a Okay, that's a pretty 410 00:25:04,240 --> 00:25:06,880 Speaker 3: good backup plan. That's what I would have wanted anyway. 411 00:25:06,960 --> 00:25:11,760 Speaker 3: So the cost of doing nothing is lower than perhaps 412 00:25:11,840 --> 00:25:16,960 Speaker 3: somebody who's still legally married, strange from their partner, who 413 00:25:17,040 --> 00:25:19,399 Speaker 3: and they have a really bad relationship with their family 414 00:25:19,440 --> 00:25:22,959 Speaker 3: and the last people on earth they would want talking 415 00:25:23,000 --> 00:25:25,680 Speaker 3: to doctors, being in a hospital room, or getting any 416 00:25:25,720 --> 00:25:28,959 Speaker 3: of their stuff or assets is their legal spouse or 417 00:25:29,000 --> 00:25:32,560 Speaker 3: anyone in their family. And so it can be devastating. 418 00:25:32,640 --> 00:25:35,560 Speaker 3: You know, we've heard stories about you know, people not 419 00:25:35,680 --> 00:25:41,080 Speaker 3: being let in the room and terrible, terrible arguments. But 420 00:25:42,000 --> 00:25:50,480 Speaker 3: most foundational state planning packets have three documents. One is 421 00:25:50,520 --> 00:25:54,480 Speaker 3: your will and that's who gets your stuff after you die, 422 00:25:54,920 --> 00:25:58,280 Speaker 3: and other important decisions like guardianship, who you would want 423 00:25:58,320 --> 00:26:01,959 Speaker 3: to be a guardian for your children, your pets, or 424 00:26:02,440 --> 00:26:06,600 Speaker 3: I worked with somebody who had a really extensive plant 425 00:26:07,359 --> 00:26:09,600 Speaker 3: a collection, and so there was like there was a 426 00:26:09,760 --> 00:26:13,240 Speaker 3: guardianship plan for the for the plants. I'm like, that's brilliant. 427 00:26:14,080 --> 00:26:16,679 Speaker 1: Yeah, so now it's. 428 00:26:17,640 --> 00:26:21,479 Speaker 3: Right. So now it's kids, pets, or plants, and and 429 00:26:21,520 --> 00:26:24,560 Speaker 3: you name somebody as your executor who is basically the 430 00:26:24,600 --> 00:26:27,240 Speaker 3: project manager of that will, and they have a legal 431 00:26:27,320 --> 00:26:32,520 Speaker 3: financial fiduciary responsibility to follow the instructions in your will 432 00:26:33,200 --> 00:26:37,760 Speaker 3: and audit your estate, pay legitimate debts, and then distribute 433 00:26:37,760 --> 00:26:40,280 Speaker 3: the assets like you said, like I want, of course 434 00:26:40,359 --> 00:26:45,080 Speaker 3: Matt to have my Elvis impersonator outfits, and Joel gets 435 00:26:45,119 --> 00:26:47,080 Speaker 3: my Abba vinyl collection. 436 00:26:49,119 --> 00:26:51,680 Speaker 1: Yeah, everybody knows that definitely. 437 00:26:52,000 --> 00:26:55,439 Speaker 3: And so so that's one important document. One is the 438 00:26:55,480 --> 00:26:59,040 Speaker 3: power of attorney, and that's somebody who speaks for you 439 00:26:59,200 --> 00:27:02,159 Speaker 3: or can help you out pay bills, help organize your 440 00:27:02,200 --> 00:27:05,879 Speaker 3: life when you're not necessarily at an end of life situation. 441 00:27:06,600 --> 00:27:10,600 Speaker 3: So that could be it's often comes in handy, or 442 00:27:10,600 --> 00:27:12,439 Speaker 3: it can be a really hopeful document if you have 443 00:27:13,200 --> 00:27:18,120 Speaker 3: aging family member or parent. There are dementia provisions. Over 444 00:27:18,160 --> 00:27:22,560 Speaker 3: the last few years people brought out and activated and 445 00:27:22,680 --> 00:27:25,600 Speaker 3: used their power of attorney document. Let's say, if you 446 00:27:25,680 --> 00:27:28,280 Speaker 3: had COVID and you were very ill or intubated in 447 00:27:28,280 --> 00:27:30,680 Speaker 3: a hospital for a few weeks or a month, that 448 00:27:30,720 --> 00:27:35,760 Speaker 3: can be really handy, so paperwork in life can still 449 00:27:35,800 --> 00:27:40,800 Speaker 3: move forward. The third document is called an advanced care 450 00:27:40,840 --> 00:27:45,240 Speaker 3: directive or a living will, and those are your wishes 451 00:27:45,320 --> 00:27:50,320 Speaker 3: and instructions that you give in advance as directly as 452 00:27:50,359 --> 00:27:53,320 Speaker 3: possible about the kind of care you do and don't 453 00:27:53,400 --> 00:27:56,080 Speaker 3: want at the end of your life. So an example 454 00:27:56,119 --> 00:28:00,000 Speaker 3: would be someone goes into hospice, you have a medical advocate, 455 00:28:00,119 --> 00:28:03,920 Speaker 3: someone who can communicate with family or doctors or whoever, 456 00:28:04,000 --> 00:28:07,160 Speaker 3: and say, you know, Chanelle and I talked about this. 457 00:28:07,359 --> 00:28:10,040 Speaker 3: I have her piece of paper right here, I'm the 458 00:28:10,320 --> 00:28:14,600 Speaker 3: person named. And she absolutely didn't want Abba playing. She 459 00:28:14,920 --> 00:28:18,879 Speaker 3: absolutely wanted led Zeppelin playing, So turn the radio station 460 00:28:19,080 --> 00:28:24,000 Speaker 3: to the Zeppelin radio station, and or Chanelle had said, 461 00:28:24,000 --> 00:28:27,600 Speaker 3: this is these are her quality of life priorities where 462 00:28:27,600 --> 00:28:30,000 Speaker 3: she's at right now. I know she would not want 463 00:28:30,040 --> 00:28:34,840 Speaker 3: to do an invasive surgery with little chance of actually 464 00:28:34,840 --> 00:28:38,160 Speaker 3: getting better, and her final days would be in pain 465 00:28:38,320 --> 00:28:43,200 Speaker 3: rather than more present. And she wants fewer days, but 466 00:28:43,320 --> 00:28:45,680 Speaker 3: better ones rather than lots of bad days. 467 00:28:45,640 --> 00:28:49,320 Speaker 2: Which is even more important. I mean as advances in 468 00:28:49,440 --> 00:28:52,840 Speaker 2: technology and medicine continue, that's something like there are more 469 00:28:52,840 --> 00:28:53,880 Speaker 2: and more options. 470 00:28:53,560 --> 00:28:56,000 Speaker 1: Available to focus. Patrie Bush is usually to extend life 471 00:28:56,000 --> 00:28:58,160 Speaker 1: no matter what, regardless of the quality of life. 472 00:28:58,200 --> 00:29:01,360 Speaker 2: Yeah, I think that's really import and really stands out 473 00:29:01,400 --> 00:29:01,560 Speaker 2: to me. 474 00:29:01,880 --> 00:29:05,440 Speaker 3: Yeah, exactly. Well, and I'll say, you know, and this 475 00:29:05,560 --> 00:29:08,320 Speaker 3: was a dozen years ago, that week that my late 476 00:29:08,400 --> 00:29:11,320 Speaker 3: husband spent in the er and the ICU, and we 477 00:29:11,440 --> 00:29:15,160 Speaker 3: didn't know, but the difference between do everything possible to 478 00:29:15,200 --> 00:29:17,360 Speaker 3: keep him alive until I get to the hospital to 479 00:29:18,120 --> 00:29:20,920 Speaker 3: those first few days where I'm like, please, please, please 480 00:29:21,040 --> 00:29:25,560 Speaker 3: let him live no matter what. Those last few days 481 00:29:26,640 --> 00:29:29,400 Speaker 3: there was a very big shift that happened, and I 482 00:29:29,640 --> 00:29:33,080 Speaker 3: was scared that he would have to be stuck like this, 483 00:29:33,520 --> 00:29:37,240 Speaker 3: and he was. He never regained consciousness, He could never 484 00:29:39,720 --> 00:29:42,560 Speaker 3: participate in the world in any way at all. It 485 00:29:42,640 --> 00:29:46,440 Speaker 3: was way past his quality of life. His injuries were unrecoverable. 486 00:29:46,560 --> 00:29:50,120 Speaker 3: And after a week in the er and the ICU, 487 00:29:50,680 --> 00:29:55,360 Speaker 3: and this is, you know, twelve years ago or more, 488 00:29:56,680 --> 00:29:59,960 Speaker 3: it costs like three hundred and fifty thousand dollars or more, 489 00:30:00,800 --> 00:30:02,800 Speaker 3: I believe it for that week in the hospital. And 490 00:30:02,880 --> 00:30:06,280 Speaker 3: had we not had healthcare, had you know, they're not 491 00:30:06,320 --> 00:30:10,960 Speaker 3: been all of these other things in place, that medical debt, 492 00:30:11,320 --> 00:30:13,959 Speaker 3: that amount of like you know, the bills. I started 493 00:30:14,000 --> 00:30:17,840 Speaker 3: measuring them not in in numbers of pages, but inches 494 00:30:17,960 --> 00:30:20,600 Speaker 3: there was like four or five inches of those like 495 00:30:21,200 --> 00:30:24,320 Speaker 3: you know, those medical statements that you get, and I 496 00:30:24,320 --> 00:30:26,320 Speaker 3: had to get like two binders because it wouldn't fit 497 00:30:26,400 --> 00:30:29,680 Speaker 3: in one binder. So quality of life is important. And 498 00:30:29,760 --> 00:30:33,280 Speaker 3: I certainly don't want to say, you know, cost equals care, 499 00:30:33,560 --> 00:30:38,920 Speaker 3: but it is really really, really really expensive. And if 500 00:30:38,960 --> 00:30:44,000 Speaker 3: you know somebody doesn't want something, it's really important to 501 00:30:44,040 --> 00:30:47,080 Speaker 3: have that information from them. So advance care directive you 502 00:30:47,240 --> 00:30:52,640 Speaker 3: give your directions in advance to people about your care. 503 00:30:53,200 --> 00:30:56,800 Speaker 3: And each of those documents, often people will name their 504 00:30:56,840 --> 00:31:00,800 Speaker 3: spouse or their you know, their primary person as the 505 00:31:00,880 --> 00:31:04,440 Speaker 3: main person, the power of attorney, the executor of the will, 506 00:31:04,480 --> 00:31:08,080 Speaker 3: and the medical advocate. And that's great, and that's a 507 00:31:08,120 --> 00:31:10,960 Speaker 3: great option. You should always list a backup in case 508 00:31:11,040 --> 00:31:13,920 Speaker 3: that person, let's say, is you know, in the Grand 509 00:31:13,960 --> 00:31:16,600 Speaker 3: Canyon and off the grid for two weeks and you 510 00:31:16,640 --> 00:31:19,920 Speaker 3: don't know where they are. You need a backup. And 511 00:31:21,000 --> 00:31:23,640 Speaker 3: I have worked with and talked with many people who 512 00:31:23,680 --> 00:31:27,440 Speaker 3: are like, I absolutely don't want my partner to have 513 00:31:27,560 --> 00:31:31,320 Speaker 3: to handle all the finances. I'm going to hire somebody 514 00:31:31,480 --> 00:31:33,800 Speaker 3: or I'm going to ask my good friend who's an 515 00:31:33,840 --> 00:31:37,360 Speaker 3: accountant to help with that and you know, with transparency 516 00:31:37,400 --> 00:31:43,040 Speaker 3: and communication. But I will say, during those months after 517 00:31:44,040 --> 00:31:47,440 Speaker 3: my husband died, I had a young kid who I 518 00:31:47,480 --> 00:31:49,320 Speaker 3: was trying to get to school on time. There were 519 00:31:49,360 --> 00:31:51,920 Speaker 3: some days if I could like get up and find 520 00:31:52,040 --> 00:31:54,200 Speaker 3: pants and get my son to school on time and 521 00:31:55,120 --> 00:31:58,160 Speaker 3: make one phone call, I was killing it. So it's 522 00:31:58,200 --> 00:32:03,680 Speaker 3: a overwhelmed amount of stuff to do. And you can 523 00:32:03,760 --> 00:32:06,840 Speaker 3: spread that overwhelming amount of stuff to do. You can 524 00:32:06,960 --> 00:32:09,640 Speaker 3: spread that love around to people who might be better 525 00:32:09,680 --> 00:32:11,360 Speaker 3: at being a financial power of attorney. 526 00:32:11,480 --> 00:32:13,160 Speaker 1: Yeah. And one of the things you say is that 527 00:32:13,400 --> 00:32:16,800 Speaker 1: doing this stuff, not having done this stuff ahead of time, 528 00:32:17,320 --> 00:32:19,640 Speaker 1: it makes a hard time harder. And so the things 529 00:32:19,640 --> 00:32:21,240 Speaker 1: that we can do on the front end and help 530 00:32:21,320 --> 00:32:24,440 Speaker 1: to alleviate some of those pain points on the back end. 531 00:32:24,440 --> 00:32:28,080 Speaker 1: And you also say something about like it eliminates hundreds 532 00:32:28,120 --> 00:32:30,480 Speaker 1: of hours of work that a few hours on the 533 00:32:30,480 --> 00:32:34,920 Speaker 1: front end can really alleviate like many, many, many dozens 534 00:32:34,960 --> 00:32:37,200 Speaker 1: of hours on the back end. Talk to me too 535 00:32:37,320 --> 00:32:41,440 Speaker 1: about maybe where lawyers fit into this, or where online 536 00:32:41,440 --> 00:32:44,280 Speaker 1: services fit in. So, for instance, getting life insurance that's 537 00:32:44,360 --> 00:32:48,040 Speaker 1: often something you can do online pretty easily, or wills 538 00:32:48,560 --> 00:32:52,280 Speaker 1: if you have a simpler kind of family situation, you 539 00:32:52,360 --> 00:32:55,280 Speaker 1: might be able to do that from a DIY perspective 540 00:32:55,280 --> 00:32:57,000 Speaker 1: at a site like trust and Will or free will 541 00:32:57,080 --> 00:32:59,680 Speaker 1: or something like that, in which case is a lawyer 542 00:32:59,760 --> 00:33:02,160 Speaker 1: nes to And when do people? Are people able to 543 00:33:02,320 --> 00:33:03,880 Speaker 1: do it themselves online? 544 00:33:03,960 --> 00:33:08,560 Speaker 3: Yeah? Definitely. So there are more and more online options. 545 00:33:08,640 --> 00:33:12,200 Speaker 3: They offer state by state templates, and they kind of 546 00:33:13,040 --> 00:33:16,640 Speaker 3: wizard you through the process like a turbo tax, but 547 00:33:16,880 --> 00:33:19,880 Speaker 3: for your will. And for a lot of folks who 548 00:33:20,160 --> 00:33:24,040 Speaker 3: don't have property out of state, who don't have more 549 00:33:24,080 --> 00:33:27,640 Speaker 3: than a few million dollars in assets, and with home 550 00:33:27,720 --> 00:33:31,440 Speaker 3: prices being crazy, if your aunt is going to give 551 00:33:31,480 --> 00:33:35,520 Speaker 3: you her house and she bought a beautiful place in 552 00:33:35,560 --> 00:33:39,040 Speaker 3: the Bay Area one hundred years ago, you probably that's 553 00:33:39,200 --> 00:33:43,720 Speaker 3: probably going to be worth more. If you don't have complicated, 554 00:33:43,920 --> 00:33:47,600 Speaker 3: let's say, like a blended family situation or an overly 555 00:33:47,720 --> 00:33:53,280 Speaker 3: litigious family member, if you don't have international citizenship, most 556 00:33:53,640 --> 00:34:01,120 Speaker 3: many people using an online template is just fine for them. 557 00:34:01,560 --> 00:34:05,480 Speaker 3: I would say that one of the things that happens 558 00:34:05,760 --> 00:34:10,840 Speaker 3: is we really really want to make these perfect documents. 559 00:34:10,880 --> 00:34:13,960 Speaker 3: We want to have thought of every possible scenario, every 560 00:34:14,040 --> 00:34:18,520 Speaker 3: possible edge case, and that can sometimes get us restuck 561 00:34:18,600 --> 00:34:23,319 Speaker 3: in the process of getting it done. So for me, 562 00:34:23,480 --> 00:34:26,520 Speaker 3: I think it's most important to think about what's most 563 00:34:26,560 --> 00:34:30,360 Speaker 3: important to you. Is it that your legal spouse is 564 00:34:30,360 --> 00:34:33,239 Speaker 3: the one who is still on paper, is the one 565 00:34:33,320 --> 00:34:35,680 Speaker 3: who's going to talk for you and get all of 566 00:34:35,680 --> 00:34:39,680 Speaker 3: your assets, update a few of your documents, and name 567 00:34:40,640 --> 00:34:45,080 Speaker 3: somebody else as your medical advocate. Are you a solo 568 00:34:45,160 --> 00:34:50,280 Speaker 3: parent and your biggest concern is guardianship of your children? 569 00:34:50,520 --> 00:34:54,320 Speaker 3: Fill out a guardianship paper. You can do these things 570 00:34:54,400 --> 00:34:56,680 Speaker 3: kind of bit by bit. You don't have you know, 571 00:34:56,719 --> 00:34:58,759 Speaker 3: you can eat the elephant off your chest to bite 572 00:34:58,840 --> 00:35:03,560 Speaker 3: at a time. And for those folks who spending the 573 00:35:04,400 --> 00:35:09,880 Speaker 3: thousand couple thousand dollars to work with an attorney, you 574 00:35:10,000 --> 00:35:12,040 Speaker 3: may not know what you don't know, and this is 575 00:35:12,200 --> 00:35:15,319 Speaker 3: the attorney's job. You can talk to a few They 576 00:35:15,400 --> 00:35:19,400 Speaker 3: usually offer free consultations for you know, twenty thirty minutes, 577 00:35:19,880 --> 00:35:22,920 Speaker 3: and ask them how they charge and what they charge, 578 00:35:23,320 --> 00:35:27,520 Speaker 3: and you know you're going to probably get a much better, 579 00:35:27,600 --> 00:35:30,320 Speaker 3: much more comprehensive plan if you talk to an attorney, 580 00:35:30,560 --> 00:35:32,400 Speaker 3: if you're not going to, if you don't need to, 581 00:35:32,760 --> 00:35:35,880 Speaker 3: if you had a bad experience with an attorney and 582 00:35:35,960 --> 00:35:39,520 Speaker 3: you just won't. And those online options can cost anywhere 583 00:35:39,560 --> 00:35:43,400 Speaker 3: from free for a very very basic simple will to 584 00:35:43,520 --> 00:35:47,080 Speaker 3: a few hundred dollars. And you can also get now 585 00:35:48,080 --> 00:35:54,399 Speaker 3: some basic trust packages. And that's for folks who if 586 00:35:54,400 --> 00:35:57,440 Speaker 3: we want to talk about like beneficiary designations and handing 587 00:35:57,440 --> 00:36:00,759 Speaker 3: off assets. One of the reasons why we do all 588 00:36:00,800 --> 00:36:05,440 Speaker 3: of this stuff is because I think most importantly it 589 00:36:05,640 --> 00:36:11,880 Speaker 3: saves our family and friends those couple hundred extra hours 590 00:36:11,880 --> 00:36:15,120 Speaker 3: of anguish trying to figure out where stuff is, who 591 00:36:15,160 --> 00:36:18,520 Speaker 3: gets what. You know, like your weird neighbor Bob won't 592 00:36:18,560 --> 00:36:21,040 Speaker 3: come over and steal the lawnmower, or if it does, 593 00:36:21,280 --> 00:36:23,320 Speaker 3: you can go back and get it because you're like Bob, 594 00:36:23,360 --> 00:36:27,919 Speaker 3: you're screwed. It's not yours. So it can make that 595 00:36:28,200 --> 00:36:31,239 Speaker 3: really really hard time maybe just a bit softer for 596 00:36:31,360 --> 00:36:36,440 Speaker 3: family members. Also, when it comes to like money transfer, 597 00:36:37,560 --> 00:36:40,040 Speaker 3: all of your assets that go through a will, it 598 00:36:40,120 --> 00:36:43,560 Speaker 3: takes you know, it can take on average about a 599 00:36:43,640 --> 00:36:46,799 Speaker 3: year and hundreds of hours. And also you know some 600 00:36:46,840 --> 00:36:51,239 Speaker 3: of your assets are subject to federal inheritance tax, a 601 00:36:51,320 --> 00:36:58,560 Speaker 3: state tax, different things. So a trust or naming beneficiaries 602 00:36:58,560 --> 00:37:01,840 Speaker 3: on all of your financial account is one way to 603 00:37:02,160 --> 00:37:08,400 Speaker 3: simplify your estate dramatically, so the stuff left in like 604 00:37:08,680 --> 00:37:12,680 Speaker 3: in your will, is going to be an easier process. 605 00:37:12,760 --> 00:37:15,840 Speaker 3: It's you know, the Elvis costumes and the ABA vinyl 606 00:37:15,960 --> 00:37:20,960 Speaker 3: and not necessarily who gets the million dollar life insurance policy? 607 00:37:21,239 --> 00:37:23,960 Speaker 3: And then people start fighting over the house. 608 00:37:24,360 --> 00:37:27,320 Speaker 1: Well, talk to me real quick about beneficiaries, because don't 609 00:37:27,320 --> 00:37:30,200 Speaker 1: those typically supersede what your will states, right, So you 610 00:37:30,280 --> 00:37:32,040 Speaker 1: might think you're covered by putting the right thing in 611 00:37:32,080 --> 00:37:34,399 Speaker 1: the will, But let's say you're four to one K, Well, 612 00:37:34,440 --> 00:37:37,279 Speaker 1: you never updated the beneficiary from ten years ago when 613 00:37:37,520 --> 00:37:39,319 Speaker 1: you left all your money your best friend, and guess 614 00:37:39,320 --> 00:37:41,040 Speaker 1: what now you're married and you want your partner to 615 00:37:41,040 --> 00:37:43,880 Speaker 1: have that money. So yeah, how important is it to 616 00:37:43,920 --> 00:37:46,040 Speaker 1: go in there and update the beneficiaries in the back 617 00:37:46,160 --> 00:37:47,360 Speaker 1: end of those retirement accounts? 618 00:37:47,480 --> 00:37:50,880 Speaker 3: So important? Right, Like in the case you just mentioned, 619 00:37:51,000 --> 00:37:53,680 Speaker 3: you want your spouse, not maybe your best friend who 620 00:37:54,160 --> 00:37:57,480 Speaker 3: tried to date your spouse, you know, to get the 621 00:37:57,560 --> 00:38:01,840 Speaker 3: money and absolutely right. So if you listed somebody twenty 622 00:38:01,920 --> 00:38:03,600 Speaker 3: years ago on a four to oh one K that 623 00:38:03,640 --> 00:38:06,840 Speaker 3: you started and then totally forgot about, and then next 624 00:38:06,880 --> 00:38:10,120 Speaker 3: week spend a gazillion dollars on like the best will 625 00:38:10,160 --> 00:38:13,440 Speaker 3: in the entire world, but forgot about that that person 626 00:38:13,480 --> 00:38:16,440 Speaker 3: you named twenty years ago is the one who will 627 00:38:16,480 --> 00:38:19,920 Speaker 3: get it. So yes, transfer on death, payable on death. 628 00:38:20,760 --> 00:38:24,560 Speaker 3: They trump the will, They beat the will. And nearly 629 00:38:24,600 --> 00:38:29,640 Speaker 3: every financial account we all have has the option or 630 00:38:30,360 --> 00:38:34,520 Speaker 3: the you can have a beneficiary designation. You're a four 631 00:38:34,560 --> 00:38:38,920 Speaker 3: oh one K, you're checking, you're saving your investments often 632 00:38:39,120 --> 00:38:42,000 Speaker 3: you know, stocks, pretty much anything you have. And then 633 00:38:42,040 --> 00:38:45,680 Speaker 3: the other things that people can sometimes forget about is 634 00:38:45,760 --> 00:38:50,520 Speaker 3: your life insurance policy. That is a transfer or payable 635 00:38:50,560 --> 00:38:53,360 Speaker 3: on death account. It is immediately transferred to the person 636 00:38:53,360 --> 00:38:57,880 Speaker 3: who's named as a beneficiary, and in about two thirds 637 00:38:57,880 --> 00:39:03,439 Speaker 3: of states there's also as on death deed option, and 638 00:39:03,520 --> 00:39:06,560 Speaker 3: the process for that is, you know, essentially going to 639 00:39:06,600 --> 00:39:12,080 Speaker 3: a county office and writing up some paperwork. That isn't 640 00:39:12,120 --> 00:39:14,400 Speaker 3: quite as easy as going to your online account and 641 00:39:14,520 --> 00:39:18,160 Speaker 3: updating your beneficiaries on your you know, your credit union 642 00:39:18,200 --> 00:39:21,879 Speaker 3: account online, which takes about five minutes. It's a little 643 00:39:21,920 --> 00:39:24,920 Speaker 3: bit more of a process. But for many, many people, 644 00:39:25,400 --> 00:39:28,080 Speaker 3: we have a life insurance policy, we have whatever savings 645 00:39:28,080 --> 00:39:31,640 Speaker 3: we have, and for many folks, our homes are the 646 00:39:31,680 --> 00:39:35,720 Speaker 3: biggest assets we have, and it isn't the perfect solution 647 00:39:35,880 --> 00:39:39,080 Speaker 3: for everyone, and there may or may not be tax implications. 648 00:39:39,080 --> 00:39:42,400 Speaker 3: But if but for many people they don't know that 649 00:39:42,480 --> 00:39:44,879 Speaker 3: they can do a transfer on death deed, and then 650 00:39:44,920 --> 00:39:48,360 Speaker 3: that house would be transferred to somebody else, and then 651 00:39:48,719 --> 00:39:51,840 Speaker 3: you know, and that's not even really talking about joint 652 00:39:51,920 --> 00:39:55,399 Speaker 3: accounts and how joint accounts are often treated differently when 653 00:39:55,440 --> 00:39:57,959 Speaker 3: it comes to after somebody dies as well. 654 00:39:58,239 --> 00:40:01,040 Speaker 2: Yeah, and you're talking about how the vary from state 655 00:40:01,080 --> 00:40:02,840 Speaker 2: to state, and we're talking about wills here. I was 656 00:40:02,880 --> 00:40:05,160 Speaker 2: surprised to learn in your book too, you talk about 657 00:40:05,239 --> 00:40:08,840 Speaker 2: I think they're called holographic wills, which I did not know. 658 00:40:08,880 --> 00:40:10,680 Speaker 2: This was the thing that literally, if you write it 659 00:40:10,719 --> 00:40:13,360 Speaker 2: out in your own handwriting, it's completely legal. 660 00:40:13,600 --> 00:40:14,040 Speaker 1: Is that right? 661 00:40:14,080 --> 00:40:16,280 Speaker 2: In something like half of half of states in the country. 662 00:40:16,440 --> 00:40:19,160 Speaker 3: Yeah, and in some states. I haven't actually looked that 663 00:40:19,320 --> 00:40:21,880 Speaker 3: up in the last year or two. But a written 664 00:40:21,920 --> 00:40:26,080 Speaker 3: will still is legally binding. You still need to have 665 00:40:26,800 --> 00:40:31,239 Speaker 3: generally two witnesses see you sign the will and they 666 00:40:31,560 --> 00:40:35,880 Speaker 3: sign it with you. Those holographic or those written wills 667 00:40:35,920 --> 00:40:41,080 Speaker 3: are often less contested and I think more originally created 668 00:40:41,160 --> 00:40:44,439 Speaker 3: an allowance for when it comes to people at war 669 00:40:44,560 --> 00:40:49,400 Speaker 3: time or on hospital beds, So I wouldn't if you 670 00:40:49,480 --> 00:40:51,520 Speaker 3: spent you know, a ton of money coming up with 671 00:40:51,600 --> 00:40:55,160 Speaker 3: like a really bomb proof state plan in one of 672 00:40:55,200 --> 00:40:58,799 Speaker 3: those like leather bound things, and then somebody shows up like, 673 00:40:58,920 --> 00:41:00,919 Speaker 3: oh no, they wrote this on this post it note 674 00:41:00,920 --> 00:41:02,799 Speaker 3: and they said I should have it all like that 675 00:41:02,880 --> 00:41:07,240 Speaker 3: may not actually be as water tight as you might think, 676 00:41:07,360 --> 00:41:10,719 Speaker 3: but but yeah, and you know, also I always get 677 00:41:10,719 --> 00:41:13,239 Speaker 3: in trouble when I say this, but you are not 678 00:41:13,560 --> 00:41:17,560 Speaker 3: legally required to have your will notarized for it to 679 00:41:17,560 --> 00:41:20,239 Speaker 3: be legally binding. Is it a good idea? Yes? Do 680 00:41:20,360 --> 00:41:22,480 Speaker 3: attorneys say you should do it? Yes? Do I think 681 00:41:22,520 --> 00:41:24,920 Speaker 3: you should do it? Yes? You can hire a mobile 682 00:41:25,000 --> 00:41:27,760 Speaker 3: notary to come to your office or a coffee shop. 683 00:41:28,080 --> 00:41:31,040 Speaker 3: It helps make it even that much more secure. But 684 00:41:31,520 --> 00:41:34,680 Speaker 3: for a lot of folks, you know, choosing a guardian 685 00:41:34,880 --> 00:41:37,719 Speaker 3: can be a big hard blocker because it's hard to 686 00:41:37,800 --> 00:41:42,880 Speaker 3: do and executing that will, you know, like you and 687 00:41:42,920 --> 00:41:46,000 Speaker 3: your partner or you can't get to the bank with 688 00:41:46,040 --> 00:41:48,120 Speaker 3: the notary, and so that I think is one of 689 00:41:48,160 --> 00:41:52,120 Speaker 3: the reasons. Why Well that that's me making excuses. I'll say, 690 00:41:52,560 --> 00:41:55,120 Speaker 3: you know, it's a hurdle. 691 00:41:55,239 --> 00:41:57,719 Speaker 2: It is indeed to be something that keeps you from 692 00:41:57,840 --> 00:41:59,960 Speaker 2: where the perfection is the enemy of the good enough. 693 00:42:00,120 --> 00:42:02,120 Speaker 2: And I like a lot of what you're saying here 694 00:42:02,239 --> 00:42:04,400 Speaker 2: is just truly about getting the ball rolling. And I 695 00:42:04,440 --> 00:42:08,200 Speaker 2: think more of our listeners in particular could are benefiting 696 00:42:08,200 --> 00:42:10,279 Speaker 2: from hearing this conversation because they're thinking, Man, I don't 697 00:42:10,280 --> 00:42:11,680 Speaker 2: have to have it perfect. It doesn't need to be 698 00:42:11,680 --> 00:42:13,759 Speaker 2: perfectly buttoned up. Don't let that be the enemy a 699 00:42:13,760 --> 00:42:16,160 Speaker 2: good where it's never gonna ever change. It's like, this 700 00:42:16,200 --> 00:42:17,880 Speaker 2: is something that we can revisit. Like you said, this 701 00:42:17,920 --> 00:42:19,640 Speaker 2: is something as long as you get the ball rolling, 702 00:42:19,680 --> 00:42:22,359 Speaker 2: that can go a really long ways. But we've got 703 00:42:22,400 --> 00:42:25,240 Speaker 2: a few more questions for you here, Chanelle, in particular, 704 00:42:25,320 --> 00:42:28,840 Speaker 2: just kind of navigating some of the relational waters. Sometimes 705 00:42:29,000 --> 00:42:31,399 Speaker 2: they can get murky. We'll get to those right after this. 706 00:42:40,040 --> 00:42:42,239 Speaker 1: All right, let's keep going, Matt, we are talking with 707 00:42:42,320 --> 00:42:46,240 Speaker 1: Chanelle Reynolds. Were talking about preparing for the unthinkable, planning 708 00:42:46,360 --> 00:42:50,239 Speaker 1: for on certain life events, things that we hope don't 709 00:42:50,239 --> 00:42:53,760 Speaker 1: come to pass. But the reality is we're not promised tomorrow. 710 00:42:53,840 --> 00:42:57,080 Speaker 1: And so, Chanelle, I guess when you were talking earlier, 711 00:42:57,080 --> 00:43:00,280 Speaker 1: it made me think about not just preparing for my self, 712 00:43:00,320 --> 00:43:02,960 Speaker 1: for my family, my wife, my kids. But they made 713 00:43:03,000 --> 00:43:06,280 Speaker 1: me think about my parents, and they are in their 714 00:43:06,480 --> 00:43:09,640 Speaker 1: upper sixties, and I don't know where any of their 715 00:43:09,680 --> 00:43:11,719 Speaker 1: stuff is. Like, I know a few things because we've 716 00:43:11,719 --> 00:43:13,000 Speaker 1: talked about and I've helped them with some of their 717 00:43:13,040 --> 00:43:15,600 Speaker 1: retirement planning and stuff like that, so I know kind 718 00:43:15,600 --> 00:43:17,479 Speaker 1: of roughly where they stand on some of these things. 719 00:43:17,520 --> 00:43:21,279 Speaker 1: But if if something were to incapacitate one of them, 720 00:43:21,560 --> 00:43:23,279 Speaker 1: like I think, I would be up the creek. I 721 00:43:23,280 --> 00:43:25,600 Speaker 1: wouldn't know where to go. So do you have any 722 00:43:25,920 --> 00:43:30,239 Speaker 1: tips for talking to a loved one, a parent specifically 723 00:43:30,680 --> 00:43:33,359 Speaker 1: about some of these things and how to you're talking 724 00:43:33,400 --> 00:43:35,440 Speaker 1: about your parents trying to lead a horse to water, right, 725 00:43:35,680 --> 00:43:39,400 Speaker 1: how do you actually help make sure that your parents 726 00:43:39,400 --> 00:43:42,439 Speaker 1: are prepared and so that you're intern prepared when when 727 00:43:42,480 --> 00:43:43,880 Speaker 1: or if something happens to them. 728 00:43:44,160 --> 00:43:47,040 Speaker 3: Yeah. Absolutely, it's such a good question. And you know, 729 00:43:47,640 --> 00:43:53,720 Speaker 3: depending on your family, people can meet with different levels 730 00:43:53,719 --> 00:43:57,240 Speaker 3: of enthusiasm we'll call it, when bringing up the subject 731 00:43:57,320 --> 00:44:02,080 Speaker 3: with their parents and for personal reas religious reasons, cultural reasons, 732 00:44:02,120 --> 00:44:05,440 Speaker 3: emotional reasons, childhood trauma reasons. Who knows, like it can 733 00:44:05,480 --> 00:44:10,120 Speaker 3: be a really uncomfortable topic. So one thing. There are 734 00:44:10,120 --> 00:44:13,880 Speaker 3: a few suggestions I have. One is if you start 735 00:44:13,960 --> 00:44:17,040 Speaker 3: with you, that can be a good place. For example, 736 00:44:17,320 --> 00:44:20,520 Speaker 3: for about five years after my late husband died, I 737 00:44:20,560 --> 00:44:23,520 Speaker 3: would pretty much run around and put anyone like an 738 00:44:23,520 --> 00:44:26,360 Speaker 3: a half Nelson and try to shame them to getting 739 00:44:26,360 --> 00:44:31,080 Speaker 3: their estate plans together. And was that really motivating and 740 00:44:31,160 --> 00:44:36,160 Speaker 3: successful plan? Now? It wasn't. When I would say to 741 00:44:36,320 --> 00:44:39,160 Speaker 3: my close friends or my close family members, or my 742 00:44:39,680 --> 00:44:43,120 Speaker 3: parents and my brother, hey I updated all of my 743 00:44:43,560 --> 00:44:49,480 Speaker 3: documents again, that creates an opportunity to say, hey, this 744 00:44:49,680 --> 00:44:52,640 Speaker 3: just reminds me, I don't know where your current documents are. 745 00:44:53,360 --> 00:44:55,520 Speaker 3: I don't know exactly what you'd want or how I 746 00:44:55,560 --> 00:44:58,040 Speaker 3: can make sure I know what you want, so I 747 00:44:58,040 --> 00:45:02,080 Speaker 3: can make sure you get that. Yeah, and so like that. 748 00:45:02,360 --> 00:45:05,399 Speaker 3: That can be a great way to turn it into 749 00:45:05,480 --> 00:45:09,279 Speaker 3: like a gift and a sharing rather than an obligation. 750 00:45:09,840 --> 00:45:12,400 Speaker 3: You know, going up to your parents as I probably 751 00:45:12,400 --> 00:45:15,120 Speaker 3: did however long ago, and saying, so, you guys are 752 00:45:15,120 --> 00:45:17,359 Speaker 3: getting older, do you have your wills done? Like that 753 00:45:17,560 --> 00:45:23,520 Speaker 3: may be the best way to do it. Also, the 754 00:45:23,600 --> 00:45:26,319 Speaker 3: same guilt route, the shame guilt route, you know, it 755 00:45:26,400 --> 00:45:29,120 Speaker 3: might work in other families. And then one thing too, 756 00:45:29,239 --> 00:45:32,120 Speaker 3: is that it can be it's often not just one 757 00:45:32,440 --> 00:45:36,920 Speaker 3: conversation some people. You know, if you bring up the 758 00:45:36,960 --> 00:45:39,719 Speaker 3: topic of like, hey, let's talk about you know, your 759 00:45:40,000 --> 00:45:42,000 Speaker 3: end of life or your funeral plans. Do you want 760 00:45:42,000 --> 00:45:45,960 Speaker 3: to be you know, recomposed? Do you want to be cremated? 761 00:45:46,040 --> 00:45:50,239 Speaker 3: I know we've got the family plot somewhere. More more 762 00:45:50,280 --> 00:45:56,200 Speaker 3: often than people might expect, the conversation blossoms quickly and openly, 763 00:45:56,320 --> 00:46:01,200 Speaker 3: and it can be such a huge reassurance. Sometimes people 764 00:46:01,280 --> 00:46:06,360 Speaker 3: aren't immediately interested in having that conversation, so you know, 765 00:46:06,440 --> 00:46:09,040 Speaker 3: come at it from a few different entry points. Is 766 00:46:09,080 --> 00:46:11,040 Speaker 3: it like I want to be able to advocate for you? 767 00:46:11,280 --> 00:46:14,400 Speaker 3: Is it tell me some stories about what's most important 768 00:46:14,440 --> 00:46:18,480 Speaker 3: to you. One of the things that often happens when 769 00:46:19,320 --> 00:46:23,200 Speaker 3: parents or somebody is getting to the point where they 770 00:46:23,239 --> 00:46:25,239 Speaker 3: may not be able to live independently or in the 771 00:46:25,880 --> 00:46:30,000 Speaker 3: home that they're in right now. Often the first question 772 00:46:30,120 --> 00:46:36,760 Speaker 3: I get, or where people get the frustration energy centers 773 00:46:36,960 --> 00:46:38,920 Speaker 3: is on what do I do with all the stuff? 774 00:46:39,640 --> 00:46:42,960 Speaker 3: And sometimes like they're like, well, I got to go 775 00:46:42,960 --> 00:46:44,279 Speaker 3: into the garage or I got to go in to 776 00:46:44,360 --> 00:46:46,440 Speaker 3: the basement and start throwing out all my parents' stuff, 777 00:46:46,480 --> 00:46:48,560 Speaker 3: and it's going to be really hard because my mom 778 00:46:48,680 --> 00:46:51,040 Speaker 3: or my dad is going to take the stuff out 779 00:46:51,080 --> 00:46:53,759 Speaker 3: of the truck and put it back inside. So rather 780 00:46:53,800 --> 00:46:57,160 Speaker 3: than starting with the detritus of our lives and our stuff, 781 00:46:57,840 --> 00:47:02,000 Speaker 3: I think it's so fascinating and so helpful to ask 782 00:47:02,120 --> 00:47:04,680 Speaker 3: what are the most important things to you? And so 783 00:47:04,800 --> 00:47:09,400 Speaker 3: if you had not one minute and not ten hours, 784 00:47:09,400 --> 00:47:12,200 Speaker 3: but if you had an hour in your house to 785 00:47:12,320 --> 00:47:17,040 Speaker 3: grab safely anything before the aliens arrive or a fire starts, 786 00:47:17,440 --> 00:47:21,000 Speaker 3: what would you get and take with you what's most 787 00:47:21,040 --> 00:47:24,080 Speaker 3: important to you in an hour? And then those are 788 00:47:24,080 --> 00:47:26,840 Speaker 3: the things that you know are the most important, And 789 00:47:26,880 --> 00:47:29,360 Speaker 3: then you can say, oh, so great, so tell me 790 00:47:29,400 --> 00:47:32,359 Speaker 3: more about how we can make sure your sister gets 791 00:47:32,400 --> 00:47:35,879 Speaker 3: this thing. So like starting with the important stuff rather 792 00:47:35,920 --> 00:47:39,080 Speaker 3: than starting with the fear or the worry or the 793 00:47:40,239 --> 00:47:43,640 Speaker 3: you know, boxes of national geographics from the seventies that 794 00:47:43,680 --> 00:47:46,880 Speaker 3: are in the attic can be a really good way 795 00:47:47,480 --> 00:47:49,040 Speaker 3: to start the conversation too. 796 00:47:49,160 --> 00:47:52,040 Speaker 2: I love that it makes it more relational as well, right, 797 00:47:52,040 --> 00:47:55,839 Speaker 2: because then it's something that sparks conversation in stories from 798 00:47:55,880 --> 00:47:57,640 Speaker 2: the past that they then get to share with you. 799 00:47:58,239 --> 00:48:01,400 Speaker 2: My father in law, he's actually over time he's been 800 00:48:01,440 --> 00:48:06,320 Speaker 2: sending my kids letters with little notes, and literally yesterday 801 00:48:06,360 --> 00:48:10,120 Speaker 2: he sent he included track and field metal that he 802 00:48:10,200 --> 00:48:13,400 Speaker 2: won in high school that he shared with one of 803 00:48:13,440 --> 00:48:16,840 Speaker 2: my daughters specifically, and this is something he's been carrying 804 00:48:16,840 --> 00:48:19,919 Speaker 2: around for fifty years, right, and so it's obviously meant 805 00:48:19,960 --> 00:48:22,279 Speaker 2: something to him. And so the ability to kind of 806 00:48:23,280 --> 00:48:25,439 Speaker 2: share that with my daughter and kind of talk through 807 00:48:25,440 --> 00:48:28,080 Speaker 2: this was It makes the relationship that you have now 808 00:48:28,280 --> 00:48:32,359 Speaker 2: with that parent who is aging even richer, which I love. 809 00:48:32,400 --> 00:48:33,520 Speaker 1: And I love that this is. 810 00:48:33,560 --> 00:48:35,120 Speaker 2: Kind of the approach I think you're taking where you're 811 00:48:35,960 --> 00:48:37,960 Speaker 2: either just starting with you, you're asking some of these 812 00:48:38,040 --> 00:48:41,520 Speaker 2: questions knowing that this isn't a singular conversation that you're 813 00:48:41,520 --> 00:48:43,760 Speaker 2: going to have, but that it's something that might evolve 814 00:48:44,360 --> 00:48:47,080 Speaker 2: over time. And I think the same thing can be true. 815 00:48:47,120 --> 00:48:50,640 Speaker 2: And you know, we talked about living wills, healthcare directives, 816 00:48:50,640 --> 00:48:52,520 Speaker 2: that kind of thing too. But even when it comes 817 00:48:52,560 --> 00:48:57,080 Speaker 2: to funeral plans, because I think oftentimes it's just one 818 00:48:57,080 --> 00:48:59,160 Speaker 2: of those morbid topics and folks don't really want to 819 00:48:59,160 --> 00:49:02,360 Speaker 2: spend time talking about that at all, but that can 820 00:49:03,440 --> 00:49:05,640 Speaker 2: having brought that up can provide so much relief to 821 00:49:06,320 --> 00:49:09,600 Speaker 2: those who have to make some pretty heavy decisions afterwards. 822 00:49:09,200 --> 00:49:12,600 Speaker 3: Right absolutely. So, you know, I think back to when 823 00:49:13,560 --> 00:49:17,120 Speaker 3: I had spent that week in the hospital, we'd removed 824 00:49:17,200 --> 00:49:20,400 Speaker 3: medical support. The only thing in my head at that 825 00:49:20,560 --> 00:49:23,839 Speaker 3: moment was you know, going home and having to tell 826 00:49:23,840 --> 00:49:27,200 Speaker 3: my son that his dad's body died, and I didn't 827 00:49:27,200 --> 00:49:30,239 Speaker 3: even know how to say that or like how the 828 00:49:30,239 --> 00:49:34,239 Speaker 3: words would come out of my mouth. And then leaving 829 00:49:34,320 --> 00:49:36,799 Speaker 3: the hospital, I had no idea that I would have 830 00:49:36,840 --> 00:49:39,200 Speaker 3: to pick a funeral home right away. I had no 831 00:49:39,280 --> 00:49:41,920 Speaker 3: idea that you had about you know, twenty four or 832 00:49:41,920 --> 00:49:45,160 Speaker 3: forty eight hours before the body now you know, I 833 00:49:45,200 --> 00:49:50,640 Speaker 3: had to get moved to somewhere, And at that point 834 00:49:50,719 --> 00:49:52,960 Speaker 3: it had been a week for me in the hospital. 835 00:49:53,120 --> 00:49:56,640 Speaker 3: Other people have spent you know, years managing a diagnosis 836 00:49:56,760 --> 00:50:01,280 Speaker 3: or months in hospice, and we hadn't really thought about 837 00:50:01,280 --> 00:50:04,520 Speaker 3: what happens after you die. I knew he didn't want 838 00:50:04,560 --> 00:50:07,120 Speaker 3: to be buried and wanted to be cremated. I had 839 00:50:07,160 --> 00:50:09,960 Speaker 3: some of the information, but I was not ready or 840 00:50:10,000 --> 00:50:14,560 Speaker 3: prepared or even had any idea that funeral plans, death care, 841 00:50:14,600 --> 00:50:17,920 Speaker 3: and after death plans are like right now, it's like, 842 00:50:18,000 --> 00:50:22,160 Speaker 3: oh okay, there are more options too than we realized that. 843 00:50:22,280 --> 00:50:24,520 Speaker 3: You know, in a number of states there is a 844 00:50:24,680 --> 00:50:31,279 Speaker 3: recomposition body recomposting or composting process that's legal in a 845 00:50:31,320 --> 00:50:35,279 Speaker 3: few states, and more and more are signing on. There's aquamation, 846 00:50:36,120 --> 00:50:39,399 Speaker 3: so talking about what's important and you know, whether that's 847 00:50:39,440 --> 00:50:44,400 Speaker 3: being buried in your Elvis impersonator outfit or whether that's 848 00:50:45,840 --> 00:50:48,160 Speaker 3: you know, having somebody bring your body home or be 849 00:50:48,320 --> 00:50:50,520 Speaker 3: home for a day. There are a number of things 850 00:50:50,560 --> 00:50:53,239 Speaker 3: you can do. You just have more options, which is 851 00:50:53,360 --> 00:50:56,520 Speaker 3: which is really great. And you know, somebody could say 852 00:50:56,760 --> 00:50:59,440 Speaker 3: I had no idea that I didn't just get to 853 00:50:59,480 --> 00:51:05,240 Speaker 3: pick animation or burial, and now you've got a beautiful 854 00:51:05,239 --> 00:51:08,640 Speaker 3: plot buried under a tree. You never know. 855 00:51:08,840 --> 00:51:11,640 Speaker 1: Yeah, that is interesting to because I always think of 856 00:51:11,680 --> 00:51:13,320 Speaker 1: it as literally the two options, do you want to 857 00:51:13,320 --> 00:51:15,200 Speaker 1: be cremated or do you want to be buried? But yeah, 858 00:51:15,280 --> 00:51:18,960 Speaker 1: it's the options seem to have expanded these days, so 859 00:51:19,000 --> 00:51:22,879 Speaker 1: those those conversations are important to have too. Chanel, thank 860 00:51:22,920 --> 00:51:24,480 Speaker 1: you so much for joining us on the show today. 861 00:51:24,480 --> 00:51:27,360 Speaker 1: Where can our listeners find out more about you, what 862 00:51:27,440 --> 00:51:30,320 Speaker 1: you're up to and even have like checklists and resources 863 00:51:30,320 --> 00:51:33,360 Speaker 1: on your website to help people kind of start to 864 00:51:33,360 --> 00:51:36,200 Speaker 1: have these conversations and do the things that need to 865 00:51:36,200 --> 00:51:37,360 Speaker 1: be done to be fully prepared. 866 00:51:37,440 --> 00:51:41,400 Speaker 3: Right, definitely. Yeah, you can go to Chanelle Reynolds dot com, 867 00:51:42,960 --> 00:51:45,479 Speaker 3: which has got all of the information about get your 868 00:51:45,680 --> 00:51:49,520 Speaker 3: stuff together, and I have free checklists, you can get 869 00:51:49,560 --> 00:51:53,680 Speaker 3: the book, and I also offer classes and workshops. Once 870 00:51:53,719 --> 00:51:57,640 Speaker 3: the pandemic hit and we were all home, all lot 871 00:51:57,680 --> 00:52:00,400 Speaker 3: of my classes and workshops and talks moved on line 872 00:52:00,400 --> 00:52:03,320 Speaker 3: and now I can do classes with you know, groups 873 00:52:03,320 --> 00:52:06,439 Speaker 3: of people from all over the country, which is really fun. 874 00:52:06,480 --> 00:52:09,080 Speaker 3: So yeah, check out my website or send me a 875 00:52:09,120 --> 00:52:11,479 Speaker 3: note through the website and I'd be happy to chat 876 00:52:11,520 --> 00:52:12,439 Speaker 3: with anyone as well. 877 00:52:12,600 --> 00:52:14,239 Speaker 1: Love it. Chanelle, thank you so much for talking with 878 00:52:14,320 --> 00:52:14,800 Speaker 1: us today. 879 00:52:15,239 --> 00:52:17,520 Speaker 3: Thank you so much. It's such a great conversation. Really 880 00:52:17,600 --> 00:52:19,399 Speaker 3: appreciate it. Joel and Matt, thanks so much. 881 00:52:19,680 --> 00:52:21,600 Speaker 1: All right, Matt, that was a that's a great combo 882 00:52:21,760 --> 00:52:25,760 Speaker 1: with Chanelle and just such an important conversation. Oh my god, right, crucial, 883 00:52:25,800 --> 00:52:28,560 Speaker 1: and it's to me. It gives me the information that 884 00:52:28,640 --> 00:52:30,600 Speaker 1: I need to actually get the ball rolling, but also 885 00:52:31,000 --> 00:52:33,879 Speaker 1: kind of the swift kick to the pants that it's 886 00:52:33,920 --> 00:52:35,239 Speaker 1: going to take for me to actually get some of 887 00:52:35,280 --> 00:52:36,160 Speaker 1: these things done too. 888 00:52:36,280 --> 00:52:38,680 Speaker 2: Yeah, well, what's interesting. We kind of chatted with her 889 00:52:38,719 --> 00:52:40,239 Speaker 2: quickly after we hung up there, but one of the 890 00:52:40,280 --> 00:52:42,320 Speaker 2: things she didn't include in her story was the fact 891 00:52:42,719 --> 00:52:45,759 Speaker 2: was how her husband died and the fact like he 892 00:52:45,880 --> 00:52:47,880 Speaker 2: was biking, he was bicycling, And it's one of the 893 00:52:47,920 --> 00:52:50,120 Speaker 2: things that drew us to her story. This is something 894 00:52:50,160 --> 00:52:53,080 Speaker 2: that we do all the time, and so we're often 895 00:52:53,400 --> 00:52:57,120 Speaker 2: drawn towards the urgent and not necessarily the things that 896 00:52:57,160 --> 00:52:59,759 Speaker 2: are really important to have in place. Until you're faced 897 00:52:59,760 --> 00:53:02,120 Speaker 2: with us story like this, we can see yourself in 898 00:53:02,160 --> 00:53:05,360 Speaker 2: that situation. And I mean literally we like we're the 899 00:53:05,400 --> 00:53:09,080 Speaker 2: same age as she and her husband about a decade ago. 900 00:53:09,239 --> 00:53:10,839 Speaker 1: Right, Okay. One of the things she said, too, right 901 00:53:10,840 --> 00:53:14,200 Speaker 1: if we wrapped away, was how much you could save 902 00:53:14,440 --> 00:53:16,879 Speaker 1: by doing the right thing on the on the front end, right. 903 00:53:17,120 --> 00:53:20,879 Speaker 1: So having the will right it avoids some of those 904 00:53:20,920 --> 00:53:23,320 Speaker 1: potential legal costs, some of the costs you might the 905 00:53:23,560 --> 00:53:27,760 Speaker 1: court costs of the lawyer fees. So if you are frugal, 906 00:53:28,440 --> 00:53:30,359 Speaker 1: the right thing to do is to actually get some 907 00:53:30,400 --> 00:53:32,319 Speaker 1: of these things done. You might say, oh, I don't 908 00:53:32,320 --> 00:53:34,200 Speaker 1: want to pay the one hundred and eighty dollars to 909 00:53:34,200 --> 00:53:36,000 Speaker 1: get the will made, but that one hundred and eighty 910 00:53:36,000 --> 00:53:38,440 Speaker 1: dollars could save you thousands or tens of thousands of 911 00:53:38,440 --> 00:53:41,600 Speaker 1: dollars on the back end. So even though she didn't 912 00:53:41,600 --> 00:53:43,600 Speaker 1: actually say that, like during the podcast, you said it 913 00:53:43,680 --> 00:53:45,800 Speaker 1: right after we like when we were just chatting afterwards. 914 00:53:45,840 --> 00:53:47,880 Speaker 1: Well that's the financial argument. Yeah, And I'm like, all right, 915 00:53:47,920 --> 00:53:51,920 Speaker 1: That's my big takeaway from this conversation with Chanel was 916 00:53:52,320 --> 00:53:54,680 Speaker 1: just like, hey, guess what, Like, if you care about 917 00:53:54,680 --> 00:53:57,319 Speaker 1: the money you have worked your butt off to save 918 00:53:57,400 --> 00:54:00,880 Speaker 1: and invest, and you want to protect that inherentants for 919 00:54:01,239 --> 00:54:04,200 Speaker 1: future generations, for your spouse, for the people that you 920 00:54:04,440 --> 00:54:07,439 Speaker 1: that you love, and you want to inherit the things 921 00:54:07,480 --> 00:54:09,719 Speaker 1: that you've amasked in the case of the most unfortunate 922 00:54:09,719 --> 00:54:12,520 Speaker 1: event ever happening, then you're gonna want to plan ahead. 923 00:54:12,520 --> 00:54:14,200 Speaker 1: You're gonna want to get these things done even though 924 00:54:14,239 --> 00:54:15,960 Speaker 1: they cost money, exactly, and you want to do them 925 00:54:15,960 --> 00:54:16,480 Speaker 1: ahead of time. 926 00:54:16,680 --> 00:54:19,080 Speaker 2: And I loved she kind of an analogy when we 927 00:54:19,080 --> 00:54:21,080 Speaker 2: were talking about emergency funds, and she was saying, it's 928 00:54:21,120 --> 00:54:23,600 Speaker 2: hard to scrape together an emergency fund when you're in 929 00:54:23,600 --> 00:54:25,920 Speaker 2: the middle of an emergency, and the same thing applies 930 00:54:26,120 --> 00:54:27,640 Speaker 2: when it comes to a lot of this end of 931 00:54:27,800 --> 00:54:31,680 Speaker 2: life stuff. But that's not my official big take a 932 00:54:31,760 --> 00:54:34,839 Speaker 2: lay when she was talking about digital hygiene and one 933 00:54:34,840 --> 00:54:38,640 Speaker 2: of the parameters that she put around how it is 934 00:54:38,680 --> 00:54:41,399 Speaker 2: that you should approach keeping up with your information and 935 00:54:41,440 --> 00:54:44,960 Speaker 2: passing along logins and accounts was going with systems that 936 00:54:45,000 --> 00:54:47,480 Speaker 2: you a already have in place or b that you 937 00:54:47,560 --> 00:54:49,520 Speaker 2: know are going to be successful because you can try 938 00:54:49,560 --> 00:54:53,120 Speaker 2: to take this giant bite out of something that you 939 00:54:53,160 --> 00:54:54,680 Speaker 2: think is, well, this is we got to do it 940 00:54:54,719 --> 00:54:56,279 Speaker 2: this way because this is how you're supposed to do it, 941 00:54:56,280 --> 00:54:58,239 Speaker 2: this is how it's going to be perfect. But the 942 00:54:58,280 --> 00:55:00,440 Speaker 2: fact is it needs to be something that you're actually 943 00:55:00,440 --> 00:55:02,160 Speaker 2: going to keep up with that's going to work for 944 00:55:02,280 --> 00:55:04,960 Speaker 2: whoever the intended audience is going to be. 945 00:55:05,040 --> 00:55:06,600 Speaker 1: It's like the same thing with working out, like do 946 00:55:06,760 --> 00:55:08,520 Speaker 1: the workout routine that you know you can stick that 947 00:55:08,600 --> 00:55:10,399 Speaker 1: you're gonna stick with, not the one that's the most 948 00:55:10,440 --> 00:55:11,400 Speaker 1: ambitious exactly. 949 00:55:11,600 --> 00:55:13,440 Speaker 2: So that was my big, big takeaway, and I think 950 00:55:13,440 --> 00:55:15,920 Speaker 2: that that can make this seem much more approachable to 951 00:55:16,080 --> 00:55:17,640 Speaker 2: a lot of folks out there. 952 00:55:17,760 --> 00:55:19,319 Speaker 1: Agreed, but all right, let's get back to our beer. 953 00:55:19,360 --> 00:55:20,560 Speaker 1: You And by the way, she does have a lot 954 00:55:20,560 --> 00:55:23,160 Speaker 1: of info on her website that will yet you checklists, 955 00:55:23,320 --> 00:55:25,719 Speaker 1: literal great recommendations and so if you're like, all right, 956 00:55:26,200 --> 00:55:28,520 Speaker 1: I need someone to kind of hold my hand through this, 957 00:55:28,640 --> 00:55:30,920 Speaker 1: Chanelle is the right person to help you do that totally. 958 00:55:31,080 --> 00:55:32,400 Speaker 1: But yeah, yeah, let's get back to the beer. So 959 00:55:32,440 --> 00:55:35,560 Speaker 1: this one your time. It's called meg Levon American Imperial Red. 960 00:55:35,680 --> 00:55:39,000 Speaker 1: It's home brewed by our listener, Greg lives around the corner. Greg. 961 00:55:39,320 --> 00:55:40,880 Speaker 1: He's been telling me that he makes beer for a 962 00:55:40,880 --> 00:55:43,160 Speaker 1: long time and finally we're getting to try it. So 963 00:55:43,239 --> 00:55:44,160 Speaker 1: what are your thoughts on this one? 964 00:55:44,280 --> 00:55:45,240 Speaker 4: This was so good. 965 00:55:45,360 --> 00:55:47,040 Speaker 2: Yeah, I'll be honest, a lot of times when folks 966 00:55:47,080 --> 00:55:49,200 Speaker 2: are like, you gotta try my homebrew. 967 00:55:49,280 --> 00:55:51,680 Speaker 1: It's okay, it tastes like arsenic sauce sometimes, all right, all. 968 00:55:51,680 --> 00:55:54,719 Speaker 2: Right, but this being an Imperial Red, there is so 969 00:55:55,080 --> 00:55:57,600 Speaker 2: much stink and flavor in this thing. I mean, it's 970 00:55:57,719 --> 00:56:01,680 Speaker 2: it's really impressive. You've got such a strong backbone with 971 00:56:01,719 --> 00:56:03,439 Speaker 2: this being an imperial right, So no matter what, there's 972 00:56:03,440 --> 00:56:04,920 Speaker 2: gonna be a lot of flavors packed in there. But 973 00:56:05,400 --> 00:56:07,480 Speaker 2: you don't have too many reds and so just the 974 00:56:08,080 --> 00:56:09,759 Speaker 2: I would say, the floral notes that he's able to 975 00:56:09,840 --> 00:56:11,759 Speaker 2: kind of coax out of out of the malts in 976 00:56:11,840 --> 00:56:14,520 Speaker 2: order to make this red phenomenal. It's like an under 977 00:56:14,760 --> 00:56:17,000 Speaker 2: so good, underutilized style, and so it's fun. 978 00:56:17,000 --> 00:56:19,680 Speaker 1: It's always fun to try something that's a little off 979 00:56:19,680 --> 00:56:22,600 Speaker 1: the wall, little little unique, and so Greg did a 980 00:56:22,640 --> 00:56:24,960 Speaker 1: great job with this beer. It's like roasty super impressed. 981 00:56:25,000 --> 00:56:27,920 Speaker 1: Oh yeah, it's some roasty, toasty, roasty notes where yeah, 982 00:56:28,160 --> 00:56:31,120 Speaker 1: it's piny, it's like caramel with a little bit of 983 00:56:31,120 --> 00:56:34,520 Speaker 1: citrus twist. And so it this kind of incredibly well balanced. Yes, 984 00:56:34,560 --> 00:56:37,319 Speaker 1: I would pay top dollar for this seriously greatly good beer. 985 00:56:37,360 --> 00:56:39,319 Speaker 1: Greg gave it to us for free, so big thanks 986 00:56:39,320 --> 00:56:41,600 Speaker 1: to Gregg. B We owe you a beer, Yes we do, 987 00:56:41,719 --> 00:56:43,040 Speaker 1: we do. And do I know who you are? I 988 00:56:43,080 --> 00:56:46,040 Speaker 1: don't know well last name. Thanks Thanks for letting us 989 00:56:46,040 --> 00:56:49,279 Speaker 1: try your beer on today's episode. This was Yeah, but Matt, 990 00:56:49,320 --> 00:56:51,160 Speaker 1: that's going to do it for this episode again. We'll 991 00:56:51,160 --> 00:56:53,440 Speaker 1: put links to all the important stuff in the show 992 00:56:53,520 --> 00:56:55,600 Speaker 1: notes up on our website at howtomoney dot com. 993 00:56:55,600 --> 00:56:57,839 Speaker 2: That's right, buddy, So until next time, best Friends Out 994 00:56:57,840 --> 00:57:11,319 Speaker 2: and best Friends Out 995 00:57:13,000 --> 00:57:14,200 Speaker 1: Cope sh