1 00:00:00,120 --> 00:00:02,840 Speaker 1: Welcome to How to Money. I'm Joel, I'm Matt, and 2 00:00:02,880 --> 00:00:07,160 Speaker 1: today we're talking searche pricing for beer majors, over pedigree, 3 00:00:07,480 --> 00:00:29,400 Speaker 1: and the death of privacy. That's right, man, This is 4 00:00:29,440 --> 00:00:31,360 Speaker 1: our Friday flight and we're going to cover the top 5 00:00:31,440 --> 00:00:33,839 Speaker 1: stories from this week and how they pertain to your 6 00:00:33,880 --> 00:00:36,920 Speaker 1: personal finances. But first we want to make sure that 7 00:00:36,920 --> 00:00:39,320 Speaker 1: we highlight the fact that how to Money is going 8 00:00:39,400 --> 00:00:43,839 Speaker 1: down in real life. It's htm irl, not in the metaverse. 9 00:00:44,000 --> 00:00:45,960 Speaker 1: Not in the metaverse. You want to share with folks 10 00:00:45,960 --> 00:00:48,080 Speaker 1: the details on where it is, they can grab a 11 00:00:48,080 --> 00:00:50,640 Speaker 1: beer with us. So if you're here today, yeah tonight, 12 00:00:50,880 --> 00:00:54,040 Speaker 1: if you're listening to this and you're somewhere in the 13 00:00:54,080 --> 00:00:57,720 Speaker 1: southeast United States within a six hour drive, you can 14 00:00:57,760 --> 00:01:02,560 Speaker 1: make it to Inter Voice Brewing in Decatur, just outside 15 00:01:02,600 --> 00:01:05,560 Speaker 1: of Atlanta, were Matt, you and I were trucking down 16 00:01:05,640 --> 00:01:08,120 Speaker 1: back in the city for this hang because Inner Voice 17 00:01:08,120 --> 00:01:10,560 Speaker 1: has some of the best IPAs around and we just 18 00:01:10,800 --> 00:01:12,959 Speaker 1: want to had like a couple of their beers, but 19 00:01:13,040 --> 00:01:14,840 Speaker 1: they were so good, we've got to hit this place 20 00:01:14,880 --> 00:01:16,800 Speaker 1: off in person. So it's kind of an excuse for 21 00:01:16,880 --> 00:01:20,759 Speaker 1: us to have some awesome beers. But what better way 22 00:01:20,840 --> 00:01:23,000 Speaker 1: to enjoy those beers than in the company of other 23 00:01:23,240 --> 00:01:25,520 Speaker 1: fellow money nerds. All right, and so we'll be there 24 00:01:25,560 --> 00:01:28,160 Speaker 1: from four to eight pm. So come on down, we'll 25 00:01:28,160 --> 00:01:30,319 Speaker 1: buy your first beer and guess what they have some 26 00:01:30,360 --> 00:01:33,119 Speaker 1: of the best pizza actually on tap as well. So 27 00:01:33,440 --> 00:01:36,800 Speaker 1: Glide pizza, Yeah, is delicious. When you say pizza on tap, 28 00:01:36,800 --> 00:01:38,560 Speaker 1: it makes it seem like that you can just drink it. 29 00:01:38,640 --> 00:01:41,000 Speaker 1: I wish that is not how you can assume this pizza. 30 00:01:41,080 --> 00:01:44,720 Speaker 1: But yeah, we do hope to see there. This isn't 31 00:01:44,760 --> 00:01:47,559 Speaker 1: an actual story, Joel, but the iPhone was released earlier 32 00:01:47,640 --> 00:01:48,840 Speaker 1: this week. On that I feel like we got to 33 00:01:48,880 --> 00:01:50,960 Speaker 1: talk about that, the titanium twelve on or it just 34 00:01:50,960 --> 00:01:54,480 Speaker 1: seems exorbitant. And again we've talked about just the incremental 35 00:01:55,000 --> 00:01:58,440 Speaker 1: increases in technology if they feel like minimal upgrades. And 36 00:01:58,480 --> 00:02:01,320 Speaker 1: then and then obviously say they went to USBC because 37 00:02:01,320 --> 00:02:03,160 Speaker 1: they were kind of forced to do that by the 38 00:02:03,200 --> 00:02:07,480 Speaker 1: European Union. And so of course, being Apple, doing what 39 00:02:07,520 --> 00:02:10,400 Speaker 1: they do, they create a twenty nine dollars dollar dongle 40 00:02:10,800 --> 00:02:14,600 Speaker 1: to adapt your lightning cable to this Apple being app USBC, 41 00:02:14,720 --> 00:02:16,960 Speaker 1: this is this is exactly like what Apple would do 42 00:02:17,000 --> 00:02:18,960 Speaker 1: oh yeah. I mean, like they've been doing this since 43 00:02:19,000 --> 00:02:21,680 Speaker 1: the beginning. But you can probably get one on Amazon 44 00:02:21,760 --> 00:02:23,840 Speaker 1: for like four ninety nine. Yeah, you could probably. You 45 00:02:23,880 --> 00:02:26,960 Speaker 1: could probably get like ten of them for twenty bucks, right, Like, 46 00:02:27,080 --> 00:02:28,560 Speaker 1: you can just get it. There'll be a ship from 47 00:02:28,600 --> 00:02:31,240 Speaker 1: some warehouse in China, and then you can hit them 48 00:02:31,240 --> 00:02:32,800 Speaker 1: out to your friends as well. But they might not 49 00:02:32,800 --> 00:02:34,800 Speaker 1: have the Apple logo on the matter. They won't, they won't. 50 00:02:34,840 --> 00:02:37,959 Speaker 1: But here's here's my take. I'm still an Apple fanboy, 51 00:02:38,120 --> 00:02:40,560 Speaker 1: but I just don't see what compels folks to go 52 00:02:40,600 --> 00:02:43,160 Speaker 1: out and get the newest one when you do have 53 00:02:43,200 --> 00:02:46,280 Speaker 1: these incremental upgrades, because like back in the day, there 54 00:02:46,280 --> 00:02:50,560 Speaker 1: were massive Well, first of all, they can't replicate the 55 00:02:50,639 --> 00:02:53,560 Speaker 1: spectacle that was the original iPhone and failing right, like 56 00:02:54,040 --> 00:02:56,639 Speaker 1: when you've set the bar that high, it's I think 57 00:02:56,760 --> 00:03:02,240 Speaker 1: folks are coming back for that same whoa, yeah, exactly. 58 00:03:02,320 --> 00:03:04,120 Speaker 1: And I think a lot of it, honestly has to 59 00:03:04,120 --> 00:03:07,600 Speaker 1: do with consumers in media needing to kind of like 60 00:03:07,919 --> 00:03:09,520 Speaker 1: cool your jets a little bit, like temper of your 61 00:03:09,520 --> 00:03:11,919 Speaker 1: expectations as to what is going to be coming down 62 00:03:11,919 --> 00:03:15,240 Speaker 1: the pike. Because yes, it's a perfectly fine phone, but 63 00:03:15,320 --> 00:03:17,320 Speaker 1: I don't think folks are going to be blown away 64 00:03:17,360 --> 00:03:19,480 Speaker 1: like they have those releases. They used to be like 65 00:03:19,520 --> 00:03:22,120 Speaker 1: the technology equivalent of the Super Bowl. They were they 66 00:03:22,160 --> 00:03:25,120 Speaker 1: literally were. I used to watch everybody was live live 67 00:03:25,160 --> 00:03:28,240 Speaker 1: blogging and live tweetlings. Amazing the things that they were 68 00:03:28,320 --> 00:03:31,560 Speaker 1: unveiling early on. We were huge, honestly so kind of 69 00:03:31,600 --> 00:03:33,160 Speaker 1: it's just kind of tough to keep up, right, Like 70 00:03:33,240 --> 00:03:35,720 Speaker 1: at some point you can't maintain that, And I guess 71 00:03:35,760 --> 00:03:38,200 Speaker 1: that's what that's again why I don't understand why folks 72 00:03:38,200 --> 00:03:39,680 Speaker 1: are looking at the new one, because it's like it's 73 00:03:39,680 --> 00:03:41,520 Speaker 1: not that much better. It makes me think I feel 74 00:03:41,520 --> 00:03:45,840 Speaker 1: like a parallel might be cars, because every year they 75 00:03:45,840 --> 00:03:47,840 Speaker 1: come up with a new version of the same car. 76 00:03:48,240 --> 00:03:50,440 Speaker 1: Is it that much better than the last year's version? 77 00:03:50,880 --> 00:03:53,600 Speaker 1: Not really. It's just like with the phones. There's some 78 00:03:53,680 --> 00:03:56,920 Speaker 1: new colors, a couple of new features, but it's not enough, 79 00:03:56,960 --> 00:03:59,040 Speaker 1: I think for most folks, folks who are trying to 80 00:03:59,040 --> 00:04:00,440 Speaker 1: be smart with their money to go out of their 81 00:04:00,440 --> 00:04:02,760 Speaker 1: way in order to buy this new thing, as opposed 82 00:04:02,800 --> 00:04:05,200 Speaker 1: to buying a model that's used, or at least last 83 00:04:05,280 --> 00:04:08,600 Speaker 1: year's model, where it's already taken a massive price cut. 84 00:04:08,680 --> 00:04:10,520 Speaker 1: I agreed. Like, by the way you mentioned cars, we're 85 00:04:10,520 --> 00:04:12,560 Speaker 1: actually going to talk about another reason not to buy 86 00:04:12,600 --> 00:04:15,280 Speaker 1: new cars, not just a price tag, but there's actually 87 00:04:15,800 --> 00:04:18,760 Speaker 1: so you might be getting into something that in vajor privacy, 88 00:04:18,800 --> 00:04:20,680 Speaker 1: so we'll think that's true. Yeah, bottom line, just get 89 00:04:20,720 --> 00:04:24,479 Speaker 1: yourself an old used iPhone. I've got a thirteen. You've 90 00:04:24,480 --> 00:04:27,240 Speaker 1: got the fancy fourteen, which was the newest one for 91 00:04:27,839 --> 00:04:31,919 Speaker 1: all of two months. I'm still I'm still not sold though, 92 00:04:32,040 --> 00:04:34,599 Speaker 1: I still miss my Android and I'm not sure what 93 00:04:34,640 --> 00:04:36,200 Speaker 1: to do. I feel like I'm over here in like 94 00:04:36,279 --> 00:04:38,440 Speaker 1: the middle of the road land. Now I missed my pixel. 95 00:04:38,760 --> 00:04:41,039 Speaker 1: It's good, but I missed the pixel. All right, let's 96 00:04:41,520 --> 00:04:43,919 Speaker 1: get onto the Friday flight. Some sampling of stories we 97 00:04:44,040 --> 00:04:47,160 Speaker 1: found interesting this week, and let's start with inflation. It 98 00:04:47,480 --> 00:04:50,039 Speaker 1: certainly looked like inflation was being tamed by the Federal 99 00:04:50,120 --> 00:04:54,920 Speaker 1: Reserve via sustained interest rate hikes, but new inflation numbers 100 00:04:54,920 --> 00:04:57,600 Speaker 1: came out on Wednesday, and it looks like it's still 101 00:04:57,640 --> 00:05:00,960 Speaker 1: too early to declare victory. The main culprit, as anyone 102 00:05:01,000 --> 00:05:04,039 Speaker 1: listing in California knows, is gas prices. I saw someone 103 00:05:04,080 --> 00:05:05,719 Speaker 1: post the other day Matt like gas prices are north 104 00:05:05,720 --> 00:05:07,839 Speaker 1: of six bucks a gallon there. It's just it's frightening. 105 00:05:08,040 --> 00:05:11,640 Speaker 1: That's insane enough to make anybody go ev Right, But 106 00:05:11,720 --> 00:05:13,839 Speaker 1: so gas prices went up to the tune of double 107 00:05:13,880 --> 00:05:16,760 Speaker 1: digits in a single month, which was a large part 108 00:05:16,880 --> 00:05:19,560 Speaker 1: of kind of this bump in inflation. And so it 109 00:05:19,640 --> 00:05:21,720 Speaker 1: even promped that actually our governor here in Georgia to 110 00:05:21,760 --> 00:05:25,640 Speaker 1: eliminate the state gas tax for the next month. Yeah, 111 00:05:25,680 --> 00:05:29,640 Speaker 1: I guess right, Yeah, fine with that. But insurance increases 112 00:05:29,640 --> 00:05:31,800 Speaker 1: there are another one of the major culprits. So what's 113 00:05:31,839 --> 00:05:35,200 Speaker 1: the FED gonna do here? Well, energy prices are incredibly volatile. 114 00:05:35,400 --> 00:05:38,920 Speaker 1: The Fed isn't looking at just the headline inflation number. 115 00:05:38,960 --> 00:05:41,719 Speaker 1: They're looking at what's causing those price increases and how 116 00:05:41,760 --> 00:05:44,679 Speaker 1: sticky those categories are. And so you know, these gas 117 00:05:44,720 --> 00:05:47,320 Speaker 1: price increases there. You know, although they're tough to stomach 118 00:05:47,360 --> 00:05:50,240 Speaker 1: from a consumer standpoint, they're not necessarily assigned that inflation 119 00:05:50,600 --> 00:05:53,200 Speaker 1: has not been tamed. So just because you see the 120 00:05:53,240 --> 00:05:55,800 Speaker 1: headline inflation number go up, don't be surprised if the 121 00:05:55,800 --> 00:05:58,799 Speaker 1: Fed hold rate steady and waits for more data. Yeah, okay, 122 00:05:58,839 --> 00:06:01,400 Speaker 1: So speaking, we're just kind of talking about used cars, 123 00:06:01,480 --> 00:06:03,560 Speaker 1: or I mentioned that in parallel with like the new 124 00:06:03,600 --> 00:06:05,719 Speaker 1: phones whatever. I did see in the data that the 125 00:06:05,760 --> 00:06:08,680 Speaker 1: price of used cars and used trucks dropped, and it 126 00:06:08,720 --> 00:06:10,880 Speaker 1: has been dropping since last year, but it dropped ptty 127 00:06:10,920 --> 00:06:13,599 Speaker 1: significantly from from last month. It's down one percent and 128 00:06:13,640 --> 00:06:16,640 Speaker 1: it's down a full seven percent from this time last year. 129 00:06:16,680 --> 00:06:19,280 Speaker 1: That's great, that's actually, that's great news. Even though you 130 00:06:19,360 --> 00:06:22,240 Speaker 1: might be paying more for gas. Maybe it must for 131 00:06:22,320 --> 00:06:24,400 Speaker 1: the car. Yeah, even hold it, holding out, trying to 132 00:06:25,120 --> 00:06:28,159 Speaker 1: not buy a car while prices are at all time highs. 133 00:06:28,200 --> 00:06:31,920 Speaker 1: But now you can. Maybe there's like a collective sigh 134 00:06:31,960 --> 00:06:34,520 Speaker 1: of relief for all those who've kind of been making 135 00:06:34,600 --> 00:06:36,680 Speaker 1: do as their car has been limping along, slapping some 136 00:06:36,880 --> 00:06:39,520 Speaker 1: duct tape on it or whatever to keep it to work. 137 00:06:39,800 --> 00:06:43,320 Speaker 1: But as prices are rising, surge pricing is all the 138 00:06:43,400 --> 00:06:46,120 Speaker 1: rage in order to keep supply and demand and balance. 139 00:06:46,279 --> 00:06:50,960 Speaker 1: But surge pricing for beer, that's right, it's actually happening, 140 00:06:51,200 --> 00:06:54,560 Speaker 1: at least across the pond. Over in the UK, prices 141 00:06:54,600 --> 00:06:58,080 Speaker 1: are apparently going to increase on beers at pubs, and 142 00:06:58,120 --> 00:07:01,320 Speaker 1: specifically pubs that are owned by the stone Gate GROUPWN 143 00:07:01,440 --> 00:07:04,240 Speaker 1: like something like eight hundred pubs, So they're like, all right, listen, 144 00:07:04,360 --> 00:07:07,600 Speaker 1: this price increases during the busiest times at the pub, 145 00:07:07,640 --> 00:07:09,360 Speaker 1: that's right. Yeah, So chances are if you've been to 146 00:07:09,400 --> 00:07:11,240 Speaker 1: a pub in the UK, you probably have been to 147 00:07:11,480 --> 00:07:14,120 Speaker 1: a stone Gate pub or one that they own. We 148 00:07:14,160 --> 00:07:18,040 Speaker 1: obviously we love beer and would prefer for our favorite IPA's, 149 00:07:18,080 --> 00:07:21,160 Speaker 1: our favorite barrel age sours to be less expensive, but 150 00:07:21,560 --> 00:07:24,480 Speaker 1: search pricing it has been the norm in other industries, 151 00:07:24,640 --> 00:07:26,800 Speaker 1: and we actually don't bat an eyelash, like I don't 152 00:07:26,840 --> 00:07:29,840 Speaker 1: mind this all that much. Like you've seen this in 153 00:07:29,880 --> 00:07:32,480 Speaker 1: the airline industry. You've seen it with hotels, concert tickets, 154 00:07:32,880 --> 00:07:37,440 Speaker 1: uber rides, they have all implemented similar pricing strategies. Even restaurants, 155 00:07:38,240 --> 00:07:40,280 Speaker 1: you know, like that's pretty day and close to pubs 156 00:07:40,320 --> 00:07:42,640 Speaker 1: as far as like the industry goes. But they often 157 00:07:43,160 --> 00:07:46,040 Speaker 1: certain like the same meals, the same dish at lunch 158 00:07:46,280 --> 00:07:48,320 Speaker 1: for a reduced price in order to get people in 159 00:07:48,360 --> 00:07:49,800 Speaker 1: the door as well. And so the fact that this 160 00:07:49,920 --> 00:07:54,160 Speaker 1: is crossing over a little bit into our world, the 161 00:07:55,400 --> 00:07:58,520 Speaker 1: world of beer, it honestly doesn't bother us all that much. Yeah, 162 00:07:58,560 --> 00:08:00,400 Speaker 1: the same burger and price can be thirteen by launch 163 00:08:00,440 --> 00:08:02,800 Speaker 1: and seventeen Bucks at dinner, and we were just like, okay, cool, 164 00:08:02,840 --> 00:08:05,120 Speaker 1: that's just the way the way it goes. Yeah, yeah, 165 00:08:05,200 --> 00:08:07,160 Speaker 1: all of a sudden, and I think people like beer 166 00:08:07,360 --> 00:08:11,480 Speaker 1: beer pub goers in I think it. Yes, it's it's 167 00:08:11,560 --> 00:08:13,840 Speaker 1: kind of it's a cultural institute culture around it, and 168 00:08:13,840 --> 00:08:16,000 Speaker 1: so I get more of the pushback there, But I 169 00:08:16,000 --> 00:08:18,840 Speaker 1: would not be surprised if we see that even here stateside. Yeah, 170 00:08:18,840 --> 00:08:21,280 Speaker 1: all right. The one potentially fatal flaw here though, to me, 171 00:08:21,440 --> 00:08:24,080 Speaker 1: is really just a marketing mistake, right, Like search pricing 172 00:08:24,320 --> 00:08:26,520 Speaker 1: is going to piss people off if you implement it 173 00:08:26,560 --> 00:08:29,600 Speaker 1: the wrong way, and like AMC, they just walk back 174 00:08:29,640 --> 00:08:31,280 Speaker 1: their effort to charge more for a nice re seats 175 00:08:31,280 --> 00:08:33,319 Speaker 1: because people are like, hey, that's not cool. The better 176 00:08:33,400 --> 00:08:35,719 Speaker 1: approach in this case is the carrot approach instead of 177 00:08:35,760 --> 00:08:38,840 Speaker 1: the stick approach. Right, So my suggestion to the Stonegate 178 00:08:38,880 --> 00:08:41,880 Speaker 1: group would be to offer discounts for grabbing a pint 179 00:08:42,040 --> 00:08:44,200 Speaker 1: at less busy times of day. Joel is now open 180 00:08:44,280 --> 00:08:46,600 Speaker 1: for consultants. It's right, heads up, and I'm giving this 181 00:08:46,600 --> 00:08:48,719 Speaker 1: this lesson for free right here. Okay, you don't have 182 00:08:48,800 --> 00:08:50,640 Speaker 1: to pay, it's on the house, and I would just 183 00:08:50,679 --> 00:08:52,840 Speaker 1: say charging full price, right even if that full price 184 00:08:52,880 --> 00:08:55,360 Speaker 1: goes up a little bit at other times, that's a 185 00:08:55,400 --> 00:08:58,600 Speaker 1: good way to do it. And then discounting the beer 186 00:08:58,720 --> 00:09:00,920 Speaker 1: at other times of day, Like people love happy hour 187 00:09:01,000 --> 00:09:03,840 Speaker 1: because they're getting a discount, and so exactly, it's a 188 00:09:03,840 --> 00:09:06,600 Speaker 1: psychological thing. It makes sense the prices would increase a 189 00:09:06,640 --> 00:09:09,239 Speaker 1: bit at the busiest time of day. But this public congomerate, 190 00:09:09,240 --> 00:09:11,559 Speaker 1: they just did a bad job implementing those price changes. 191 00:09:11,600 --> 00:09:13,199 Speaker 1: There's a better way to do it. Instead of being 192 00:09:13,280 --> 00:09:15,520 Speaker 1: like we're gonna charge extra, we're gonna smack you in 193 00:09:15,520 --> 00:09:17,679 Speaker 1: the face when you try to order a beer from 194 00:09:17,720 --> 00:09:19,720 Speaker 1: five to eight or whatever when the pub is busy, 195 00:09:20,160 --> 00:09:22,480 Speaker 1: to go the opposite route and offer people discounts. People 196 00:09:22,480 --> 00:09:25,760 Speaker 1: will be thrilled. Yeah, that's the half the glass half 197 00:09:25,800 --> 00:09:29,000 Speaker 1: full approach as opposed to focusing on the negative. But 198 00:09:29,240 --> 00:09:31,760 Speaker 1: uh yeah, And what this means for individuals, Like, the 199 00:09:31,880 --> 00:09:34,960 Speaker 1: reason this doesn't bother us is because it's just the 200 00:09:35,000 --> 00:09:38,400 Speaker 1: concept of supply and demand at work. And what this 201 00:09:38,600 --> 00:09:41,000 Speaker 1: means is just like when it comes to travel in 202 00:09:41,040 --> 00:09:44,160 Speaker 1: booking airfare, look at going when other people aren't going right, 203 00:09:44,240 --> 00:09:45,880 Speaker 1: and so the just over season, this doesn't mean that 204 00:09:45,920 --> 00:09:47,640 Speaker 1: you need to show up to the pub at ten 205 00:09:47,679 --> 00:09:50,080 Speaker 1: in the morning, that's probably not healthy. But consider do 206 00:09:50,240 --> 00:09:52,880 Speaker 1: consider some of the other times anytime you can zig 207 00:09:52,880 --> 00:09:54,680 Speaker 1: while other folks are zaging, like, that's when you're gonna 208 00:09:54,679 --> 00:09:57,439 Speaker 1: see the most benefit and nobody is forcing you. It's 209 00:09:57,440 --> 00:10:00,800 Speaker 1: not like this is some inalienable right to that you 210 00:10:00,800 --> 00:10:04,360 Speaker 1: should have access to beer. Sure and well, and think 211 00:10:04,360 --> 00:10:07,680 Speaker 1: about how bad it would get really quickly if the 212 00:10:07,720 --> 00:10:10,679 Speaker 1: airline prices were the same no matter what time of 213 00:10:10,760 --> 00:10:13,560 Speaker 1: day the flight was taken off, no matter what time 214 00:10:13,559 --> 00:10:18,120 Speaker 1: of year it was happening. If the flights on December 215 00:10:18,120 --> 00:10:21,600 Speaker 1: twenty third cost the same as a flight February eleventh, 216 00:10:21,760 --> 00:10:23,800 Speaker 1: that Christmas travel like they have to be able to 217 00:10:23,800 --> 00:10:25,720 Speaker 1: price it. They're going to lose money out other times 218 00:10:25,760 --> 00:10:27,400 Speaker 1: the year in order to make money on the busiest 219 00:10:27,520 --> 00:10:29,679 Speaker 1: even out that demand a little bit. Yeah, I think 220 00:10:29,679 --> 00:10:32,920 Speaker 1: it makes sense. Let's talk about higher education, because it 221 00:10:32,960 --> 00:10:36,240 Speaker 1: turns out most Americans have lost faith in the value 222 00:10:36,280 --> 00:10:39,800 Speaker 1: of college. Specifically, fifty six percent of Americans say that 223 00:10:39,840 --> 00:10:43,520 Speaker 1: getting a college degree is not worth it, and gen 224 00:10:43,640 --> 00:10:47,160 Speaker 1: Z is not surprising. They're more disillusioned with the prospect 225 00:10:47,240 --> 00:10:51,560 Speaker 1: of college as starting salaries remain stagnant as the college 226 00:10:51,600 --> 00:10:54,839 Speaker 1: ticker price has been rising, and this brings up the 227 00:10:54,880 --> 00:10:58,640 Speaker 1: question is college actually worth it? And we think it 228 00:10:58,720 --> 00:11:02,320 Speaker 1: is if you choosers and if you choose your major wisely, 229 00:11:02,920 --> 00:11:05,760 Speaker 1: we don't want you to go overboard with that. If 230 00:11:05,800 --> 00:11:07,440 Speaker 1: that's the approach that you take, we think that it 231 00:11:07,559 --> 00:11:09,920 Speaker 1: still makes sense for a lot of folks. Obviously it's 232 00:11:09,960 --> 00:11:12,480 Speaker 1: not for everyone out there, but it can still be 233 00:11:12,520 --> 00:11:15,920 Speaker 1: incredibly valuable. The Journal they just released their Best Colleges 234 00:11:15,960 --> 00:11:18,560 Speaker 1: in America rankings last week, and to their credit, they 235 00:11:18,600 --> 00:11:22,480 Speaker 1: focus specifically on whether or not colleges actually help students 236 00:11:22,520 --> 00:11:25,400 Speaker 1: graduate on time, right, and so where is the like 237 00:11:25,520 --> 00:11:28,079 Speaker 1: are our incentives aligned here? Like do you have a 238 00:11:28,200 --> 00:11:31,320 Speaker 1: vested interest in an ability to get a student through 239 00:11:31,360 --> 00:11:33,720 Speaker 1: as opposed to being like, yeah, yeah, go ahead and enroll. 240 00:11:34,240 --> 00:11:36,160 Speaker 1: And for your saying, hey, check out all these kaggers 241 00:11:36,200 --> 00:11:38,959 Speaker 1: going on. Don't you want to just waste an extra 242 00:11:39,480 --> 00:11:42,520 Speaker 1: couple of years while at the same time you're contributing 243 00:11:42,520 --> 00:11:44,880 Speaker 1: to the economy of our town and paying tuition? Why 244 00:11:44,960 --> 00:11:46,520 Speaker 1: all at the same time, why not stay put for 245 00:11:46,559 --> 00:11:48,760 Speaker 1: the better part of a decade. It's nice here exactly, 246 00:11:48,880 --> 00:11:52,480 Speaker 1: But they're they're taking that into account with this study. 247 00:11:52,760 --> 00:11:55,000 Speaker 1: Within these rankings, they're taking into account how much that 248 00:11:55,120 --> 00:11:58,640 Speaker 1: education translates into higher income upon graduation as well. Those 249 00:11:58,640 --> 00:12:01,400 Speaker 1: are the two of the most important metrics, because fewer 250 00:12:01,440 --> 00:12:03,680 Speaker 1: years trying to get your degree, that's going to typically 251 00:12:03,840 --> 00:12:07,360 Speaker 1: mean less money spent overall, and the value of college. 252 00:12:07,360 --> 00:12:11,120 Speaker 1: It's it's also proven by how education translates into real 253 00:12:11,240 --> 00:12:14,920 Speaker 1: world income. Does that actual degree give you a chance 254 00:12:14,960 --> 00:12:17,559 Speaker 1: to succeed or is it just a fancy piece of 255 00:12:17,640 --> 00:12:20,840 Speaker 1: piece of paper like it's they're focusing on outcomes as 256 00:12:20,880 --> 00:12:23,440 Speaker 1: opposed to just the Again. Yeah, like we mentioned at 257 00:12:23,480 --> 00:12:25,959 Speaker 1: the top of the episode title this episode, the pedigree. Yeah, 258 00:12:26,040 --> 00:12:30,000 Speaker 1: but before college prices went berserk, especially kind of in 259 00:12:30,000 --> 00:12:33,120 Speaker 1: that upper eschelon sector, it made sense to rank colleges 260 00:12:33,160 --> 00:12:35,120 Speaker 1: based on kind of some other metrics, I think. But 261 00:12:35,200 --> 00:12:37,280 Speaker 1: now these are like the two most important metrics, right 262 00:12:37,320 --> 00:12:40,720 Speaker 1: for most people to know before they choose where they're 263 00:12:40,720 --> 00:12:42,400 Speaker 1: going to go to school. Yeah, and we love it, 264 00:12:42,440 --> 00:12:46,400 Speaker 1: Like I can quickly see this very much outpacing the 265 00:12:46,440 --> 00:12:49,040 Speaker 1: US World News Report with rankings, which is just like 266 00:12:49,080 --> 00:12:52,080 Speaker 1: completely arbitrary. Yes, it seemed like that maybe was pot 267 00:12:52,080 --> 00:12:54,320 Speaker 1: and paid for in some ways too. Yeah, possibly well. 268 00:12:54,320 --> 00:12:57,320 Speaker 1: In the Status Show, the getting a college degree still 269 00:12:57,400 --> 00:13:02,079 Speaker 1: lead to significantly higher lifetime earnings, but your major actually 270 00:13:02,160 --> 00:13:04,040 Speaker 1: matters more than where you choose to go to school, 271 00:13:04,120 --> 00:13:06,320 Speaker 1: which should give high schoolers the confidence to opt for 272 00:13:06,360 --> 00:13:09,439 Speaker 1: the less expensive routh the less expensive school, which often 273 00:13:09,480 --> 00:13:11,840 Speaker 1: improves the ROI of that degree. So if you're getting 274 00:13:11,880 --> 00:13:14,520 Speaker 1: the same they go about, Yeah, nobody cares, especially after 275 00:13:14,520 --> 00:13:17,960 Speaker 1: you get that first job. Nobody cares where you went 276 00:13:18,120 --> 00:13:20,800 Speaker 1: to school. It doesn't really, it doesn't really matter as 277 00:13:20,800 --> 00:13:22,240 Speaker 1: long as you have the degree in the subject of 278 00:13:22,280 --> 00:13:25,000 Speaker 1: that matters, and the work ethic and the ability that 279 00:13:25,080 --> 00:13:27,320 Speaker 1: go along with it, right, totally. Yeah. And by the way, 280 00:13:27,320 --> 00:13:28,839 Speaker 1: if you are maybe you're not a fan of the 281 00:13:28,920 --> 00:13:30,920 Speaker 1: journal the same data as being I don't know how 282 00:13:30,920 --> 00:13:33,120 Speaker 1: long it's been collected by the Department of Education, but 283 00:13:33,160 --> 00:13:35,080 Speaker 1: we've mentioned this on the show before, but the Department 284 00:13:35,120 --> 00:13:37,840 Speaker 1: of Education they have a college scorecard and you can 285 00:13:37,960 --> 00:13:40,600 Speaker 1: enter in specific schools, you can cover in specific degrees, 286 00:13:40,920 --> 00:13:44,040 Speaker 1: and you can see what the likely earnings are upon graduation. 287 00:13:44,120 --> 00:13:46,160 Speaker 1: We'll make sure to link to that mission. It's just 288 00:13:46,200 --> 00:13:49,800 Speaker 1: so helpful. I mean, there's when you're talking about value, 289 00:13:49,960 --> 00:13:52,720 Speaker 1: knowing what the return on that investment on it's a 290 00:13:52,720 --> 00:13:54,920 Speaker 1: big time and money investment to go to school, so 291 00:13:55,440 --> 00:13:57,599 Speaker 1: knowing what the likely return on investment is going to be, 292 00:13:57,679 --> 00:14:00,520 Speaker 1: it's just really important before you embark on the journey. 293 00:14:00,840 --> 00:14:02,880 Speaker 1: Just like everything else in life, value comes down to 294 00:14:02,920 --> 00:14:05,000 Speaker 1: how much the thing costs, how much it takes from you, 295 00:14:05,040 --> 00:14:07,080 Speaker 1: and then how much it gives. And the headline price, 296 00:14:07,200 --> 00:14:09,800 Speaker 1: yes of college has gone up significantly, but financial aid 297 00:14:09,800 --> 00:14:12,400 Speaker 1: has also increased significantly too. We talked about that in 298 00:14:12,520 --> 00:14:14,559 Speaker 1: episode six fifty five, I think it was with a 299 00:14:14,720 --> 00:14:17,680 Speaker 1: Garcia and so for just like how to get the 300 00:14:17,720 --> 00:14:20,200 Speaker 1: college degree for a whole lot less and how to 301 00:14:20,240 --> 00:14:21,800 Speaker 1: make sure that you're getting the best bank for your buck. 302 00:14:21,800 --> 00:14:23,400 Speaker 1: So I would encourage you to check that one out. 303 00:14:23,520 --> 00:14:25,480 Speaker 1: And actually, next week we're going to talk about debt 304 00:14:25,480 --> 00:14:28,160 Speaker 1: free degrees with our friend Jason Brown, who got two 305 00:14:28,200 --> 00:14:29,880 Speaker 1: debt free degrees, and that's going to be a fun 306 00:14:29,920 --> 00:14:31,960 Speaker 1: conversation and just really hopefully help push people in the 307 00:14:32,320 --> 00:14:35,200 Speaker 1: at least thinking along the lines of being able to 308 00:14:35,240 --> 00:14:38,240 Speaker 1: get a higher education degree, being able to go to 309 00:14:38,280 --> 00:14:41,120 Speaker 1: college without maybe even taking on any debt at all, 310 00:14:41,160 --> 00:14:43,080 Speaker 1: which really puts you in the cafards seat. Right, if 311 00:14:43,080 --> 00:14:45,760 Speaker 1: you've got the education that translates to higher earnings without 312 00:14:45,760 --> 00:14:47,800 Speaker 1: having any sort of debt load to go along with it. Yeah, 313 00:14:47,880 --> 00:14:49,800 Speaker 1: for parents out there, one of the ways you can 314 00:14:49,840 --> 00:14:52,880 Speaker 1: help your kids to achieve debt free degrees. So five 315 00:14:52,960 --> 00:14:54,880 Speaker 1: twenty nine plans, we talk about them all the time, 316 00:14:54,880 --> 00:14:59,320 Speaker 1: but evidently contributions to five twenty nine plans are drastically 317 00:14:59,400 --> 00:15:01,800 Speaker 1: rising compared to last year, and it makes sense. There's 318 00:15:01,800 --> 00:15:04,720 Speaker 1: a lot more flexibility that's involved with those if were 319 00:15:04,760 --> 00:15:07,040 Speaker 1: you to not use that for higher education, the ability 320 00:15:07,080 --> 00:15:10,680 Speaker 1: to transfer to roll that into a roth ira is huge. 321 00:15:10,720 --> 00:15:13,040 Speaker 1: We love them as long as you are taking care 322 00:15:13,120 --> 00:15:16,240 Speaker 1: of your own investing for your own retirement first, right. 323 00:15:16,280 --> 00:15:18,520 Speaker 1: But one of the interesting things in that in that 324 00:15:18,600 --> 00:15:21,120 Speaker 1: story was that they're highlighting the fact that one of 325 00:15:21,160 --> 00:15:23,160 Speaker 1: the reasons that folks are contributing more this year compared 326 00:15:23,160 --> 00:15:25,720 Speaker 1: to last year by a significant amount, is because the 327 00:15:25,720 --> 00:15:28,320 Speaker 1: slab market is up this year, which is crazy because 328 00:15:28,360 --> 00:15:31,480 Speaker 1: that just highlights how terrible we are as investors and 329 00:15:31,520 --> 00:15:33,920 Speaker 1: how we invest based on our feelings as opposed to 330 00:15:34,000 --> 00:15:35,960 Speaker 1: knowing that, oh yeah, at some point this is going 331 00:15:36,000 --> 00:15:38,240 Speaker 1: to go up. Uh huh. People are investing more because 332 00:15:38,240 --> 00:15:40,800 Speaker 1: they feel richer because just because the market is up 333 00:15:40,800 --> 00:15:43,320 Speaker 1: and they think that that is going to continue. What's 334 00:15:43,360 --> 00:15:45,440 Speaker 1: the exact opposite. It's the exact opposite, as I know, 335 00:15:45,640 --> 00:15:47,680 Speaker 1: it's true. As opposed to had you dumped them a 336 00:15:47,720 --> 00:15:49,880 Speaker 1: bunch of money in last year while the market was down, 337 00:15:50,040 --> 00:15:52,880 Speaker 1: you'd be looking at like fifteen to twenty twenty five 338 00:15:52,920 --> 00:15:55,800 Speaker 1: percent returns depending on whenever you stuck that money into 339 00:15:55,800 --> 00:15:58,360 Speaker 1: a five twenty nine. Your kid with ridiculous more money 340 00:15:58,440 --> 00:16:00,440 Speaker 1: in that account just by the fact of the stock 341 00:16:00,480 --> 00:16:02,800 Speaker 1: market doing well because you put it in a down 342 00:16:02,840 --> 00:16:05,160 Speaker 1: period exactly. So if that's something you want to prioritize, 343 00:16:05,240 --> 00:16:07,680 Speaker 1: I love it. But just like we often recommend for folks, 344 00:16:07,760 --> 00:16:09,920 Speaker 1: dollar cost average, make that just a part of your 345 00:16:09,920 --> 00:16:13,760 Speaker 1: investing plan. Don't look at the headlines, try to ignore 346 00:16:13,800 --> 00:16:16,680 Speaker 1: how it is that you feel based on the performance 347 00:16:16,680 --> 00:16:18,560 Speaker 1: of the stock market. All right, Matt, we got to 348 00:16:18,560 --> 00:16:21,120 Speaker 1: get to more stories. We got to talk about adjustable 349 00:16:21,200 --> 00:16:24,080 Speaker 1: rate mortgages to those makes sense, and also the privacy 350 00:16:24,240 --> 00:16:26,960 Speaker 1: problem with new cars. It's massive. We'll talk about that 351 00:16:27,000 --> 00:16:38,640 Speaker 1: and more right after this. All Right, we're back and 352 00:16:38,720 --> 00:16:41,720 Speaker 1: we will get to whether or not adjustable rate mortgagesn't 353 00:16:41,760 --> 00:16:43,720 Speaker 1: make sense today. But first we got to finish up 354 00:16:43,720 --> 00:16:45,160 Speaker 1: because we've got some beer to drink with listeners in 355 00:16:45,240 --> 00:16:47,000 Speaker 1: just a minute. Depending on when you're listening to this, 356 00:16:47,720 --> 00:16:50,120 Speaker 1: maybe we already have those, because hopefully that's not the case. 357 00:16:50,680 --> 00:16:53,000 Speaker 1: But we've got our ludicrous headline of the week, and 358 00:16:53,240 --> 00:16:57,120 Speaker 1: this week's is from Consumer Reports. The headline reads, car 359 00:16:57,120 --> 00:17:01,280 Speaker 1: insurance quote Comparison websites save you time, but watch for 360 00:17:01,360 --> 00:17:05,280 Speaker 1: privacy pitfalls. And wanted to highlight this one because we 361 00:17:05,280 --> 00:17:09,320 Speaker 1: all know that comparison shopping is a frugal person's best friend. 362 00:17:09,760 --> 00:17:11,800 Speaker 1: Why pay more than you need to if you have 363 00:17:11,920 --> 00:17:15,520 Speaker 1: the time to be able to shop around? And you know, truly, 364 00:17:15,560 --> 00:17:19,600 Speaker 1: the more expensive an item or a service is, the 365 00:17:19,680 --> 00:17:22,119 Speaker 1: more helpful it can be to dig to find a 366 00:17:22,119 --> 00:17:25,000 Speaker 1: better price. My dad recently got a groupon to take 367 00:17:25,480 --> 00:17:28,000 Speaker 1: one of my kiddos to the jumpy place whatever, the 368 00:17:28,040 --> 00:17:31,200 Speaker 1: trampoline park nice and it's great. The green and blue 369 00:17:31,200 --> 00:17:34,000 Speaker 1: one or the black and red one, I don't know, Okay, 370 00:17:34,040 --> 00:17:35,880 Speaker 1: I don't know. That's how we talk about it. There's 371 00:17:35,920 --> 00:17:37,800 Speaker 1: two of them near us, and that's their color scheme. 372 00:17:38,400 --> 00:17:40,000 Speaker 1: I don't remember what twenty to te to but whatever 373 00:17:40,040 --> 00:17:41,640 Speaker 1: one had a group on, right, and which is great. 374 00:17:41,680 --> 00:17:43,840 Speaker 1: You save twelve fifteen bucks whatever it is, and then 375 00:17:43,920 --> 00:17:46,199 Speaker 1: you also realize that groupon still exists, right, I mean 376 00:17:46,240 --> 00:17:47,680 Speaker 1: I kind of forget about group on most of the 377 00:17:47,720 --> 00:17:50,600 Speaker 1: time now, but you remember you remember scout mob. Oh yeah, 378 00:17:50,960 --> 00:17:54,440 Speaker 1: scout mob was awesome for a hot minute, right, But yeah, 379 00:17:54,680 --> 00:17:57,239 Speaker 1: that is a small way to say when you can 380 00:17:57,320 --> 00:18:00,720 Speaker 1: chop around and save on recurring, bigger monthly or a like, 381 00:18:00,920 --> 00:18:03,000 Speaker 1: we're talking about calling big Bucks back into your life. 382 00:18:03,080 --> 00:18:04,720 Speaker 1: So no shame in the game of the group on. 383 00:18:04,840 --> 00:18:07,720 Speaker 1: That's great, but just don't don't screw it up and 384 00:18:07,800 --> 00:18:09,320 Speaker 1: only do the small stuff and out take advantage of 385 00:18:09,359 --> 00:18:10,880 Speaker 1: the big ones. And we totally want people to get 386 00:18:11,000 --> 00:18:14,359 Speaker 1: multiple quotes for those big expensive things. Right. Shopping around 387 00:18:14,400 --> 00:18:17,080 Speaker 1: for insurance every year or two is really important because 388 00:18:17,119 --> 00:18:21,520 Speaker 1: the discrepancies between different providers can be massive. But as 389 00:18:21,520 --> 00:18:25,320 Speaker 1: Consumer Reports found out in this article, aggregator sites can 390 00:18:25,359 --> 00:18:27,399 Speaker 1: help you do the shopping, but they might not do 391 00:18:27,520 --> 00:18:29,840 Speaker 1: it quite as well as they promise, right, And so 392 00:18:30,200 --> 00:18:31,800 Speaker 1: know that if you use these sites, you might not 393 00:18:31,880 --> 00:18:35,440 Speaker 1: get the transparent pricing information you're looking for. It's nice 394 00:18:35,440 --> 00:18:38,000 Speaker 1: to have aggregators help you do some of that shopping 395 00:18:38,040 --> 00:18:39,280 Speaker 1: so that you don't have to like reach out to 396 00:18:39,320 --> 00:18:43,560 Speaker 1: fifty different companies on your own. But this Consumer Reports 397 00:18:43,600 --> 00:18:47,760 Speaker 1: article was eye opening because it basically showed that you're 398 00:18:47,760 --> 00:18:49,760 Speaker 1: not necessarily getting the best price with them. You might 399 00:18:49,800 --> 00:18:52,399 Speaker 1: get a better rate reaching out to these insurance companies directly. 400 00:18:52,480 --> 00:18:55,000 Speaker 1: That's right. Yeah, some insurance companies like State Farm and 401 00:18:55,160 --> 00:18:58,359 Speaker 1: Farmer's Insurance, they don't participate at all because only agents 402 00:18:58,400 --> 00:19:01,600 Speaker 1: who work directly for them are allowed to write policies. 403 00:19:01,640 --> 00:19:03,159 Speaker 1: So keep that in mind when you go to some 404 00:19:03,200 --> 00:19:07,240 Speaker 1: of these aggregator sites. They're leaving out certain companies. It's 405 00:19:07,280 --> 00:19:09,280 Speaker 1: kind of like how Southwest how they don't publish their 406 00:19:09,320 --> 00:19:11,640 Speaker 1: rates on Google flights. So it's just important to note 407 00:19:11,640 --> 00:19:14,080 Speaker 1: that you're likely to get an inflated rate quote when 408 00:19:14,119 --> 00:19:16,520 Speaker 1: you shop on some of these sites, like the Zebra 409 00:19:16,720 --> 00:19:20,119 Speaker 1: orway dot com. Sometimes it'll be more expensive by just 410 00:19:20,160 --> 00:19:21,879 Speaker 1: a few bucks, but other times you might get a 411 00:19:21,960 --> 00:19:24,440 Speaker 1: quote for hundreds of dollars more than what you would 412 00:19:24,440 --> 00:19:28,000 Speaker 1: have paid had you gone directly to the insurance company itself. 413 00:19:28,280 --> 00:19:31,720 Speaker 1: And some of the crappier sites are just lead generation magnets. 414 00:19:31,760 --> 00:19:33,919 Speaker 1: This is where the privacy part of the story kicks in. 415 00:19:34,280 --> 00:19:37,320 Speaker 1: They get your information, they turn it over to insurance companies, 416 00:19:37,400 --> 00:19:41,280 Speaker 1: who then how'd you via phone and email? Person? I 417 00:19:41,320 --> 00:19:43,880 Speaker 1: get like it's just a part of like, I guess 418 00:19:43,960 --> 00:19:45,800 Speaker 1: living life now. I don't know. My phone number is 419 00:19:45,840 --> 00:19:48,000 Speaker 1: kind of everywhere, like on our different businesses and stuff 420 00:19:48,000 --> 00:19:50,800 Speaker 1: like that. So like literally I get sometimes three, but 421 00:19:50,920 --> 00:19:54,800 Speaker 1: sometimes like six or seven business voicemails and it's the 422 00:19:54,840 --> 00:19:58,359 Speaker 1: same chick, what is it lately? It's been Merry or 423 00:19:58,359 --> 00:20:01,440 Speaker 1: something like like, hey, it's Mary. It's ridiculous. They all 424 00:20:01,440 --> 00:20:03,320 Speaker 1: come from different numbers. And so Mary comes to get 425 00:20:03,320 --> 00:20:05,880 Speaker 1: beers with us tonight she will not Yeah, I get 426 00:20:05,920 --> 00:20:08,000 Speaker 1: it for you know someone, can we buy your house? 427 00:20:08,000 --> 00:20:09,879 Speaker 1: I mean, those are the I get a million of 428 00:20:09,880 --> 00:20:12,440 Speaker 1: those phone calls. It feels like every day. It's so frustrating. 429 00:20:12,440 --> 00:20:13,919 Speaker 1: You get on those lists and it's hard to get off. 430 00:20:13,960 --> 00:20:15,919 Speaker 1: And so that's really what Consumer Reports is pointing out here. 431 00:20:15,920 --> 00:20:19,240 Speaker 1: It's incredibly annoying. Yeah, So they actually interviewed a lawyer 432 00:20:19,400 --> 00:20:21,600 Speaker 1: who works in the legion industry who said that consumers 433 00:20:21,600 --> 00:20:23,720 Speaker 1: could get hundreds or even thousands of calls in the 434 00:20:23,720 --> 00:20:27,280 Speaker 1: coming years just from a single submission for some quotes, 435 00:20:27,600 --> 00:20:29,960 Speaker 1: and that's even if you are on the federal do 436 00:20:30,040 --> 00:20:33,119 Speaker 1: not Call list, and so it feels like we're between 437 00:20:33,119 --> 00:20:35,280 Speaker 1: a rock and a hard place. We do want, folks, 438 00:20:35,320 --> 00:20:37,200 Speaker 1: we do want you out there to shop around because 439 00:20:37,200 --> 00:20:40,879 Speaker 1: you could save a ton of money. But maybe consider 440 00:20:40,960 --> 00:20:45,040 Speaker 1: a local independent agent. They might likely be your best bet. 441 00:20:45,480 --> 00:20:48,280 Speaker 1: An aggregator site might help, but make sure to add 442 00:20:48,320 --> 00:20:51,240 Speaker 1: any independent agents into the into the mix, and maybe 443 00:20:51,280 --> 00:20:53,760 Speaker 1: try getting a quote directly from one of the insurers 444 00:20:53,960 --> 00:20:58,160 Speaker 1: who doesn't work with independent independent agents as well. It's 445 00:20:58,200 --> 00:21:01,080 Speaker 1: not quiet as easy as it would be to the 446 00:21:01,119 --> 00:21:03,800 Speaker 1: shop and say, but the savings could be substantial, So 447 00:21:03,960 --> 00:21:06,560 Speaker 1: we want you to shop anyway, and hopefully the technology 448 00:21:06,600 --> 00:21:08,840 Speaker 1: that allows them to spam us as much as they do, 449 00:21:09,359 --> 00:21:12,240 Speaker 1: that technology will increase in tandem and we will be 450 00:21:12,280 --> 00:21:17,000 Speaker 1: able to block those obviously, you know you block unknown numbers, 451 00:21:17,080 --> 00:21:19,280 Speaker 1: right like you've got that selected on the iPhone. I 452 00:21:19,320 --> 00:21:21,160 Speaker 1: probably should know. Maybe that's why I'm getting so many 453 00:21:21,200 --> 00:21:24,440 Speaker 1: of these Oh yeah settings phone, And there's a little 454 00:21:24,440 --> 00:21:26,879 Speaker 1: toggle that says block unknown collars, So any number that 455 00:21:26,920 --> 00:21:28,600 Speaker 1: comes in that and you're kind of out of the 456 00:21:28,600 --> 00:21:32,640 Speaker 1: whole insurance wrestling, you know, with your home and car 457 00:21:32,680 --> 00:21:35,400 Speaker 1: and whatnot. So you don't need to hear from anybody 458 00:21:35,480 --> 00:21:37,399 Speaker 1: if you don't know them. And if they if you 459 00:21:37,440 --> 00:21:38,679 Speaker 1: do need to hear from them, they they'll just leave 460 00:21:38,680 --> 00:21:40,119 Speaker 1: a voice, leave the rest and you can call them back. 461 00:21:40,200 --> 00:21:42,040 Speaker 1: That's right. Yeah, good to know. All right, Let's keep 462 00:21:42,040 --> 00:21:45,080 Speaker 1: talking about privacy map, because speaking of in invasion of privacy, 463 00:21:45,200 --> 00:21:47,240 Speaker 1: it kind of feels like privacy is dead. Like a 464 00:21:47,280 --> 00:21:49,840 Speaker 1: lot of our information is out there. The Equifext breach 465 00:21:49,880 --> 00:21:52,800 Speaker 1: of twenty seventeen kind of fully cemented that in a 466 00:21:52,800 --> 00:21:54,280 Speaker 1: lot of our brains, where something like one hundred and 467 00:21:54,280 --> 00:21:56,879 Speaker 1: fifty million Americans had a lot of that information just 468 00:21:56,960 --> 00:21:59,040 Speaker 1: kind of go out there into the ether. Some of 469 00:21:59,040 --> 00:22:00,679 Speaker 1: that is our own doing, though, well, right, the things 470 00:22:00,720 --> 00:22:02,800 Speaker 1: that we share publicly about our lives that the whole 471 00:22:02,840 --> 00:22:06,600 Speaker 1: world can see social media and TikTok and like all 472 00:22:06,680 --> 00:22:09,600 Speaker 1: that kind of stuff. I mean, you TikTok your tax returns, right, 473 00:22:09,640 --> 00:22:12,840 Speaker 1: like you always get this huge rush of scampus, that's right. 474 00:22:12,840 --> 00:22:15,400 Speaker 1: So why does that happen? I don't know. But there's 475 00:22:15,480 --> 00:22:17,800 Speaker 1: also been a fair amount of intrusion into spaces that 476 00:22:17,840 --> 00:22:20,600 Speaker 1: we thought were off limits. And the Mozilla Foundation, the 477 00:22:20,640 --> 00:22:23,480 Speaker 1: folks who make the Firefox browser that fewer and fewer 478 00:22:23,480 --> 00:22:26,359 Speaker 1: people use. They dropped a bombshell report this week showing 479 00:22:26,359 --> 00:22:28,760 Speaker 1: that the one place that you likely thought was off 480 00:22:28,800 --> 00:22:31,760 Speaker 1: limits isn't your car. Yes, as it turns out, is 481 00:22:31,800 --> 00:22:33,879 Speaker 1: spying on you, at least if you have a newer one. 482 00:22:33,960 --> 00:22:36,560 Speaker 1: So Mozilla they looked at the privacy policies of twenty 483 00:22:36,560 --> 00:22:38,880 Speaker 1: five car manufacturers, and it turns out they are all 484 00:22:38,880 --> 00:22:42,000 Speaker 1: collecting data on you via the technology that comes standard 485 00:22:42,000 --> 00:22:43,879 Speaker 1: on a whole lot of car models, because there's more 486 00:22:43,880 --> 00:22:46,440 Speaker 1: and more tech in these cars now, right, there's microphones 487 00:22:46,640 --> 00:22:49,399 Speaker 1: and cameras and screens and all that stuff. And they 488 00:22:49,400 --> 00:22:52,440 Speaker 1: specifically found that fifty six percent of these manufacturers will 489 00:22:52,480 --> 00:22:56,000 Speaker 1: share that data that they're collecting with law enforcement in 490 00:22:56,040 --> 00:22:58,840 Speaker 1: response to just an informal request, not even some sort 491 00:22:58,840 --> 00:23:02,160 Speaker 1: of like yeah, nothing, none of that stuff. And eighty 492 00:23:02,160 --> 00:23:05,040 Speaker 1: four percent will share or sell person personal data that 493 00:23:05,080 --> 00:23:08,360 Speaker 1: they gather on you too. So your newer model car, 494 00:23:08,400 --> 00:23:11,720 Speaker 1: as it turns out, is a privacy nightmare. Yeah. And 495 00:23:12,280 --> 00:23:16,200 Speaker 1: so all twenty five car companies that they researched, they 496 00:23:16,440 --> 00:23:20,680 Speaker 1: all basically failed. But that big said Nissan's policy actually 497 00:23:20,680 --> 00:23:24,280 Speaker 1: stood out as being the absolute worst. Turns out that 498 00:23:24,280 --> 00:23:27,080 Speaker 1: they can collect and share your no get this, your 499 00:23:27,119 --> 00:23:31,480 Speaker 1: sexual activity. Not totally sure how that comes into play, Like, 500 00:23:31,720 --> 00:23:33,760 Speaker 1: I have no idea, but they can share that. They 501 00:23:33,960 --> 00:23:38,160 Speaker 1: share and sell your health diagnosis data, genetic information alongside 502 00:23:38,359 --> 00:23:42,560 Speaker 1: other sensitive personal info for targeted marketing. Again, I don't 503 00:23:42,640 --> 00:23:44,720 Speaker 1: know how the heck there's and maybe this is just 504 00:23:44,720 --> 00:23:46,639 Speaker 1: written into their policy to where it's just like, not 505 00:23:46,680 --> 00:23:50,240 Speaker 1: sure exactly we're gonna get your genetic information, but when 506 00:23:50,240 --> 00:23:53,520 Speaker 1: we do, we're gonna sell it, right, But Nissan they 507 00:23:53,560 --> 00:23:56,679 Speaker 1: also disclose that that they're gonna share and sell and 508 00:23:56,720 --> 00:23:59,879 Speaker 1: this I'm gonna just read this quote. Inferences drawn from 509 00:24:00,000 --> 00:24:02,159 Speaker 1: any personal data collected to create a profile about a 510 00:24:02,160 --> 00:24:06,679 Speaker 1: consumer reflecting the consumer's preferences. They're characteristics, psychological trends, predispositions, 511 00:24:06,720 --> 00:24:11,960 Speaker 1: behavior attitudes, intelligence, abilities, and aptitudes to others for targeted 512 00:24:12,080 --> 00:24:16,119 Speaker 1: marketing that purposes, So creepy inference is drawn based on 513 00:24:16,320 --> 00:24:18,879 Speaker 1: the actual data. They're creating a dossia profile on you 514 00:24:18,920 --> 00:24:23,879 Speaker 1: basically and potentially even just making stuff up, which is insane, Like, yeah, 515 00:24:24,000 --> 00:24:26,800 Speaker 1: I just didn't know that we needed to dig through 516 00:24:27,119 --> 00:24:29,720 Speaker 1: a privacy policy before buying a new car. But the 517 00:24:29,760 --> 00:24:32,800 Speaker 1: problem is is all the companies failed. So even if 518 00:24:32,800 --> 00:24:35,600 Speaker 1: you dig dig, even if you did dig through it, 519 00:24:35,600 --> 00:24:38,440 Speaker 1: it's not like there is some sort of alternative, right 520 00:24:38,520 --> 00:24:41,440 Speaker 1: and so well, except for driving an older car, well, 521 00:24:41,920 --> 00:24:46,520 Speaker 1: that's certainly one tick like on the side of owning 522 00:24:46,560 --> 00:24:49,040 Speaker 1: an older car. But at some point the old like 523 00:24:49,080 --> 00:24:50,760 Speaker 1: the new cars that we have are going to turn 524 00:24:50,800 --> 00:24:52,679 Speaker 1: into old cars, and so we can avoid it for 525 00:24:52,720 --> 00:24:54,800 Speaker 1: the time being. But luckily, I mean so Mozilla, they 526 00:24:54,800 --> 00:24:58,200 Speaker 1: are a nonprofit and they're all about the Internet remaining 527 00:24:58,359 --> 00:25:01,040 Speaker 1: a place for good for the public, and they actually 528 00:25:01,200 --> 00:25:03,080 Speaker 1: there's a there's a petition that you can sign. And 529 00:25:03,119 --> 00:25:07,000 Speaker 1: so yes, we are all about folks driving old vehicles, 530 00:25:07,160 --> 00:25:09,199 Speaker 1: not only because they're more affordable, but because of the 531 00:25:09,200 --> 00:25:12,360 Speaker 1: privacy concerns. But at some point we're gonna run out 532 00:25:12,359 --> 00:25:15,560 Speaker 1: of runway, yeah, and we're gonna be faced with the 533 00:25:15,640 --> 00:25:18,439 Speaker 1: same concerns, even if it's in a car that's been 534 00:25:18,480 --> 00:25:20,840 Speaker 1: around for ten years. Well, I'm hoping that our well 535 00:25:20,840 --> 00:25:22,320 Speaker 1: links to that in the show notes where where does 536 00:25:22,320 --> 00:25:24,719 Speaker 1: that folks can sign because it needs to be more 537 00:25:24,920 --> 00:25:27,679 Speaker 1: an issue, and the fact is people aren't they're just 538 00:25:27,680 --> 00:25:29,760 Speaker 1: not digging into it. It's not something that folks are 539 00:25:29,760 --> 00:25:31,280 Speaker 1: aware of it, just like the terms of service, like 540 00:25:31,280 --> 00:25:33,199 Speaker 1: who really scrolls through and reads it every time? If 541 00:25:33,200 --> 00:25:36,280 Speaker 1: you did Mozilla, you never actually download ANAP. Fortunately. Yeah, 542 00:25:36,320 --> 00:25:38,680 Speaker 1: there are nonprofit organs out there like Mozilla doing doing 543 00:25:38,720 --> 00:25:41,560 Speaker 1: their due diligence, doing the research for us as consumers. 544 00:25:41,960 --> 00:25:44,960 Speaker 1: And I just hope that when this information gets brought 545 00:25:44,960 --> 00:25:47,920 Speaker 1: to light, that it holds the car manufacturer's feet to 546 00:25:47,960 --> 00:25:50,360 Speaker 1: the fire yep, and that they say, we didn't think 547 00:25:50,359 --> 00:25:52,520 Speaker 1: we're gonna get caught. We didn't think anybody read that stuff. 548 00:25:52,680 --> 00:25:54,800 Speaker 1: But now that they know there's a cop on the beat, 549 00:25:54,840 --> 00:25:58,000 Speaker 1: to a certain extent, maybe they'll reform their ways. Maybe 550 00:25:58,080 --> 00:26:00,320 Speaker 1: Nissan will say, hey, listen, we're not gonna to any 551 00:26:00,320 --> 00:26:02,800 Speaker 1: of this stuff, and the small amounts of data that 552 00:26:02,840 --> 00:26:05,480 Speaker 1: we do collect, we're going to you know, we're going 553 00:26:05,520 --> 00:26:06,840 Speaker 1: to make sure we don't sell it and make any 554 00:26:06,840 --> 00:26:08,600 Speaker 1: money off it. I don't know. I'm curious to see 555 00:26:08,600 --> 00:26:10,600 Speaker 1: how they respond or if they just ramp up their 556 00:26:10,800 --> 00:26:14,919 Speaker 1: info selling side hustle right right, or if they like 557 00:26:14,920 --> 00:26:17,159 Speaker 1: discount the price of the car because you know, they're 558 00:26:17,200 --> 00:26:18,760 Speaker 1: making so much money on your data that they can 559 00:26:18,760 --> 00:26:21,200 Speaker 1: tell you a car for like fifteen grand who knows, maybe, 560 00:26:21,440 --> 00:26:23,280 Speaker 1: But all right, let's talk about mortgages for a second. 561 00:26:23,520 --> 00:26:25,840 Speaker 1: Should you get a fixed rate or an adjustable rate mortgage? 562 00:26:25,840 --> 00:26:28,679 Speaker 1: That's kind of a big personal finance conundrum for a 563 00:26:28,680 --> 00:26:30,879 Speaker 1: lot of people, and a whole lot of people in 564 00:26:30,920 --> 00:26:33,240 Speaker 1: this space will tout the fifteen or thirty year mortgage 565 00:26:33,359 --> 00:26:35,440 Speaker 1: with the fervor of a religious sell it. Some people 566 00:26:35,760 --> 00:26:37,800 Speaker 1: don't even like the thirty year mortgage, like, no way, 567 00:26:38,040 --> 00:26:40,639 Speaker 1: that's the only thing, you idiot, The only thing you 568 00:26:40,680 --> 00:26:42,480 Speaker 1: should even consider is the fifteen because you got to 569 00:26:42,480 --> 00:26:44,560 Speaker 1: pay off your debt as quickly as possible. Well, when 570 00:26:44,640 --> 00:26:47,159 Speaker 1: rates were crazy low, like in the twos and threes, 571 00:26:47,640 --> 00:26:49,280 Speaker 1: we liked the idea of locking in a rate for 572 00:26:49,320 --> 00:26:51,560 Speaker 1: decades to come. Yeah, the thirty year mortgage looked really 573 00:26:51,600 --> 00:26:54,879 Speaker 1: appealing right in those years. But as rates have risen, 574 00:26:55,320 --> 00:26:57,760 Speaker 1: it started to in some cases make sense to opt 575 00:26:57,800 --> 00:26:59,960 Speaker 1: for an ARM. And I say in some cases, because 576 00:27:00,000 --> 00:27:01,879 Speaker 1: so much depends on how long you're likely to be 577 00:27:01,920 --> 00:27:04,119 Speaker 1: in that home, how long the rate stays s four 578 00:27:04,160 --> 00:27:05,440 Speaker 1: in the arm, right, is it a five to one 579 00:27:05,520 --> 00:27:07,000 Speaker 1: arm or is it a ten one arm, or is 580 00:27:07,040 --> 00:27:09,080 Speaker 1: it a ten six arm? That kind of thing, And 581 00:27:09,160 --> 00:27:12,200 Speaker 1: so that ten to one arm, for instance, provides ten 582 00:27:12,280 --> 00:27:15,280 Speaker 1: years of a much lower rate. Oftentimes. I took out 583 00:27:15,320 --> 00:27:17,440 Speaker 1: an arm actually last summer when we bought the house 584 00:27:17,440 --> 00:27:21,600 Speaker 1: at ten one arm, because the rate difference was so significant. 585 00:27:21,680 --> 00:27:24,720 Speaker 1: But it looks like that gap is shrinking. According to 586 00:27:24,760 --> 00:27:27,199 Speaker 1: new data from Bank Rate, arms are no longer offering 587 00:27:27,480 --> 00:27:30,080 Speaker 1: such an appealing spread, which is making fixed rate more 588 00:27:30,160 --> 00:27:33,680 Speaker 1: you just look superior again. So arms that were kind 589 00:27:33,680 --> 00:27:35,879 Speaker 1: of winning there last year for a little while not 590 00:27:35,960 --> 00:27:38,720 Speaker 1: so much straight now. Yeah, But do shop around because 591 00:27:38,800 --> 00:27:40,840 Speaker 1: the fact is there could be a difference. It depends 592 00:27:40,880 --> 00:27:43,600 Speaker 1: on so many different factors. I'll say. One of the 593 00:27:43,640 --> 00:27:47,359 Speaker 1: reasons that I think fixed rates were so stink and 594 00:27:47,400 --> 00:27:49,840 Speaker 1: popular is because people and I feel this to a 595 00:27:49,840 --> 00:27:52,520 Speaker 1: certain extent myself, But there's a permanence that comes with that, 596 00:27:52,640 --> 00:27:54,080 Speaker 1: like you know that, like I never have to worry 597 00:27:54,080 --> 00:27:57,760 Speaker 1: about this thing ever again. But the more I guess, 598 00:27:57,840 --> 00:27:59,720 Speaker 1: the longer we've been in personal finance, the more I 599 00:27:59,720 --> 00:28:04,880 Speaker 1: think I've realized that that proposition is overvalued because we 600 00:28:04,920 --> 00:28:07,560 Speaker 1: move more often than we think. I look this up. 601 00:28:07,640 --> 00:28:11,320 Speaker 1: The US Census Bureau found that the average American moves 602 00:28:11,600 --> 00:28:14,440 Speaker 1: once every five years, And so you're saying to yourself, 603 00:28:14,480 --> 00:28:16,760 Speaker 1: all right, yeah, for the next thirty years, I'm going 604 00:28:16,800 --> 00:28:18,600 Speaker 1: to be here and I don't have to worry about 605 00:28:19,280 --> 00:28:22,120 Speaker 1: my rate going up. Well, chances are, I mean, five 606 00:28:22,160 --> 00:28:26,480 Speaker 1: years is much much less time than a natural thirty years. Yeah. 607 00:28:26,480 --> 00:28:30,480 Speaker 1: So the reality is that don't think about avoiding an 608 00:28:30,560 --> 00:28:32,399 Speaker 1: ARM because you're afraid of what it's going to reset to. 609 00:28:32,880 --> 00:28:35,399 Speaker 1: Certainly keep that in mind, I guess. But if you 610 00:28:35,480 --> 00:28:38,120 Speaker 1: are able to get a significantly lower rate by going 611 00:28:38,160 --> 00:28:41,760 Speaker 1: with an ARM, I wouldn't be too concerned thinking that, well, 612 00:28:41,840 --> 00:28:43,880 Speaker 1: in ten years from now, that thing's going to reset 613 00:28:43,920 --> 00:28:46,680 Speaker 1: to a higher rate. Chances are, based on the data 614 00:28:46,800 --> 00:28:50,440 Speaker 1: that you are probably going to be yeah, yeah, by 615 00:28:50,440 --> 00:28:53,360 Speaker 1: that point, And it mattered. Just consider that, I guess, 616 00:28:53,360 --> 00:28:55,400 Speaker 1: because the younger younger you are, the more likely you 617 00:28:55,400 --> 00:28:57,080 Speaker 1: are to move, and the older you are, the more 618 00:28:57,120 --> 00:28:58,520 Speaker 1: you put on roots and you tend not to move 619 00:28:58,520 --> 00:29:00,400 Speaker 1: as much. Depends on a lot of things. Important to 620 00:29:00,400 --> 00:29:02,440 Speaker 1: note that not all arms are created equal, right, A 621 00:29:02,480 --> 00:29:04,000 Speaker 1: five to one arm and a ten one arm are different. 622 00:29:04,040 --> 00:29:05,880 Speaker 1: Like if if last summer I had been offered a 623 00:29:05,880 --> 00:29:07,720 Speaker 1: five to one arm. It would have drastically changed the 624 00:29:07,720 --> 00:29:08,960 Speaker 1: way I thought about it. But I was like, ten 625 00:29:09,040 --> 00:29:10,960 Speaker 1: years locked in at a point and a half lower. 626 00:29:11,680 --> 00:29:14,440 Speaker 1: That's a no brainer, And hopefully over the next decade 627 00:29:14,520 --> 00:29:16,480 Speaker 1: I will have saved up enough to where I can 628 00:29:17,120 --> 00:29:19,560 Speaker 1: pay off the rest of the balance. In the worst 629 00:29:19,600 --> 00:29:22,840 Speaker 1: case scenario, the rates skyrocket. They're much higher than I thought. Yeah, 630 00:29:22,920 --> 00:29:25,200 Speaker 1: ok so, by the way, one of the main things 631 00:29:25,200 --> 00:29:28,000 Speaker 1: that's led to the housing market basically seizing up is 632 00:29:28,080 --> 00:29:31,080 Speaker 1: a lot of folks who have a locked and low 633 00:29:31,200 --> 00:29:33,760 Speaker 1: rate for decades to come, even if they would like 634 00:29:33,840 --> 00:29:36,720 Speaker 1: to move. It's like these incredibly low rates are acting 635 00:29:36,880 --> 00:29:39,480 Speaker 1: like a said of golden handcuffs, keeping folks in a 636 00:29:39,560 --> 00:29:43,040 Speaker 1: home that they would otherwise probably would have considered leaving. 637 00:29:43,520 --> 00:29:46,640 Speaker 1: But assumable mortgages they would be a great answer to 638 00:29:46,680 --> 00:29:50,240 Speaker 1: greasing the wheels. They're popular in the commercial real estate world, 639 00:29:50,240 --> 00:29:52,680 Speaker 1: but not so much on the consumer side of things. 640 00:29:53,280 --> 00:29:56,080 Speaker 1: But one startup, I think literally they launched this past week, 641 00:29:56,480 --> 00:29:58,840 Speaker 1: but they're trying to make that a reality. It's a 642 00:29:58,880 --> 00:30:02,880 Speaker 1: company called Rome, and apparently one in five, like a 643 00:30:02,880 --> 00:30:05,680 Speaker 1: little over twenty percent of mortgages have some sort of 644 00:30:05,720 --> 00:30:11,040 Speaker 1: assumable mortgage clause written into the language of that mortgage, 645 00:30:11,360 --> 00:30:13,560 Speaker 1: and whence you pay more for a house in order 646 00:30:13,560 --> 00:30:18,240 Speaker 1: to snag that owners three percent rates? Absolutely, so will 647 00:30:18,240 --> 00:30:21,280 Speaker 1: this company actually get traction? Who knows? They've got a 648 00:30:21,280 --> 00:30:23,920 Speaker 1: few things go Assumable mortgages in general have a few 649 00:30:23,920 --> 00:30:26,240 Speaker 1: things going against them, like the lenders. They don't make 650 00:30:26,320 --> 00:30:28,760 Speaker 1: nearly as much money by transferring that mortgage as opposed 651 00:30:28,760 --> 00:30:32,400 Speaker 1: to underwriting an entirely new one. That's one thing. The 652 00:30:32,480 --> 00:30:34,840 Speaker 1: other thing is just the down payment that's required because 653 00:30:35,240 --> 00:30:37,200 Speaker 1: or I guess it's not technically a down payment. But 654 00:30:37,240 --> 00:30:40,480 Speaker 1: if you if you assume someone's mortgage, but you have 655 00:30:40,520 --> 00:30:42,840 Speaker 1: a purchase price that is over that amount, you got 656 00:30:42,840 --> 00:30:45,280 Speaker 1: to come to the table with a different extra cash out. Yeah, 657 00:30:45,320 --> 00:30:47,200 Speaker 1: let's they say you bought a home from somebody. They 658 00:30:47,200 --> 00:30:50,640 Speaker 1: paid four hundred thousand for that home and over, you know, 659 00:30:50,680 --> 00:30:52,520 Speaker 1: and they get that balance down to three hundred thousand. 660 00:30:52,640 --> 00:30:54,320 Speaker 1: But let's say you come in and you're like, yeah, 661 00:30:54,320 --> 00:30:57,600 Speaker 1: we'll buy your house for five hundred thousand. Well, you 662 00:30:57,640 --> 00:31:01,000 Speaker 1: assume that three hundred thousand balance, but they need to 663 00:31:01,080 --> 00:31:04,080 Speaker 1: be paid two hundred thousand dollars. So instead of you 664 00:31:04,200 --> 00:31:06,240 Speaker 1: having put twenty percent down on a five hundred thousand 665 00:31:06,280 --> 00:31:09,160 Speaker 1: dollars home, which is one hundred thousand dollars You got 666 00:31:09,160 --> 00:31:12,240 Speaker 1: to pay double that in order to acquire that house, 667 00:31:12,320 --> 00:31:14,800 Speaker 1: which can make it more difficult from how much cash 668 00:31:14,840 --> 00:31:16,960 Speaker 1: have you stayed at the buyer house standpoints don't have 669 00:31:17,040 --> 00:31:19,520 Speaker 1: that much money in hand. There's a lot of folks 670 00:31:19,520 --> 00:31:22,480 Speaker 1: who aren't putting twenty percent down, let alone, the difference 671 00:31:22,520 --> 00:31:24,960 Speaker 1: between the purchase price and whatever the remainder balances. But 672 00:31:25,120 --> 00:31:26,920 Speaker 1: for folks who can, for folks who have saved up more, 673 00:31:26,960 --> 00:31:28,720 Speaker 1: and for you know, people who want to go check 674 00:31:28,720 --> 00:31:32,080 Speaker 1: out Room's website, it's cool because checking out trying to 675 00:31:32,120 --> 00:31:34,320 Speaker 1: match sellers and buyers. Seller might be able to make 676 00:31:34,320 --> 00:31:37,160 Speaker 1: a little more Buyers able to get you a ridiculously 677 00:31:37,240 --> 00:31:39,360 Speaker 1: low rate that they don't have access to any more 678 00:31:39,360 --> 00:31:41,800 Speaker 1: in this market. And depending on how long you stay 679 00:31:41,800 --> 00:31:43,920 Speaker 1: in that house, and depending on how much cash you'll 680 00:31:44,040 --> 00:31:45,960 Speaker 1: have on hand, it could be a match made in heaven. 681 00:31:46,280 --> 00:31:49,440 Speaker 1: But yeah, super interesting. Always fun to see some sort 682 00:31:49,480 --> 00:31:52,720 Speaker 1: of tech startup trying to create an arrangement that would 683 00:31:52,720 --> 00:31:55,600 Speaker 1: otherwise be almost impossible to col a matchmaker a little bit. Yeah, 684 00:31:55,680 --> 00:31:59,840 Speaker 1: it's like the harmony for homes. But Matt, that's going 685 00:31:59,920 --> 00:32:02,000 Speaker 1: to do it. For this episode. We got to go 686 00:32:02,080 --> 00:32:06,360 Speaker 1: drink beers now with listeners again InterVoice Brewing Indicator from 687 00:32:06,400 --> 00:32:07,800 Speaker 1: four to a PM. We hope to see you there 688 00:32:07,800 --> 00:32:09,720 Speaker 1: if you're in the Atlanta area. If you're not, you know, 689 00:32:09,760 --> 00:32:11,400 Speaker 1: we're going to be in New Orleans next month, so 690 00:32:11,400 --> 00:32:13,280 Speaker 1: we might do one there and we might Yeah, maybe 691 00:32:13,320 --> 00:32:14,840 Speaker 1: we need to do more traveling too. We need to 692 00:32:14,840 --> 00:32:17,080 Speaker 1: get out there. But that's gonna be it. I hope 693 00:32:17,080 --> 00:32:19,440 Speaker 1: you have a great weekend, Matt. Until next time, best 694 00:32:19,440 --> 00:32:21,800 Speaker 1: Friends Out, best Friends Out,