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Speaker 1: Hi. This is Laura Vandercam. I'm a mother of four,

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Speaker 1: an author, journalist, and speaker. And this is Sarah Hart Hunger.

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Speaker 1: I'm a mother of three, practicing physician and blogger. On

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Speaker 1: the side, we are two working parents who love our

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Speaker 1: careers and our families. Welcome to best of both worlds.

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Speaker 1: Here we talk about how real women manage work, family,

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Speaker 1: and time for fun, from figuring out childcare to mapping

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Speaker 1: out long term career goals. We want you to get

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Speaker 1: the most out of life. Welcome to best of both worlds.

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Speaker 1: This is Laura. This is episode one hundred and thirty two,

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Speaker 1: we think, which is hairing in mid February. Today. We

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Speaker 1: are really excited because we have some great guests. We

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Speaker 1: have Joel and Matt from How to Money. Longtime listeners

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Speaker 1: know that Sarah and I both listen to the How

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Speaker 1: to Money podcast. I was a guest on it last spring,

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Speaker 1: and so we've gotten to know Joel and Matt over

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Speaker 1: the past year or so, and we thought it would

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Speaker 1: be awesome to have of these two gentlemen on the program.

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Speaker 1: They're both dads, they're both doing multiple gigs in their

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Speaker 1: podcast and their their main jobs as well, so We're

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Speaker 1: looking forward to hearing from them about their work and

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Speaker 1: life and what they have going on in some money

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Speaker 1: tips as well. Yeah, I don't think Laura and I

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Speaker 1: have that many correct me if I'm wrong, Laura, Like,

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Speaker 1: I don't think we have that many overlap podcasts. But

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Speaker 1: I think we both came to this one independently, or

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Speaker 1: maybe I heard about it from you. I don't know,

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Speaker 1: but I listen on nearly every week and I know

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Speaker 1: that you really enjoy it as well, so we thought

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Speaker 1: a crossover episode would be really fun. Although I think

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Speaker 1: this isn't a mash up. This is a best of

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Speaker 1: both worlds episode with them guests. That's yes, exactly exactly.

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Speaker 1: And one of the things that listeners of How to

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Speaker 1: Money know is that they always drink a craft beer

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Speaker 1: or we'll find out do they really drink a craft

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Speaker 1: beer if they're recording at nine in the morning, But

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Speaker 1: they drink at craft beer during the episode because it

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Speaker 1: symbolizes something that they are willing to spend money on now,

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Speaker 1: even as they're saving for the future. They always ask

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Speaker 1: their guess what their craft beer equivalent is? You I did,

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Speaker 1: I want to ask you, though, what what is your

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Speaker 1: What is your craft equivalent. Well, I couldn't really come

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Speaker 1: up with one, and I think that might be because

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Speaker 1: I am not as frugal as I on plenty of things,

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Speaker 1: nor Matt. But I will never deny myself the stationary

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Speaker 1: supplies that I truly want. You guys all know that

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Speaker 1: I do not skimp on childcare, as we'll discuss in

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Speaker 1: a very soon upcoming episode. And I'm really not frugal

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Speaker 1: at all with travel. I'm very conscious about what we

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Speaker 1: spend on travel, but no one in looking at the

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Speaker 1: numbers or what we do would consider it frugal, so

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Speaker 1: I feel it's worth it. Yeah. No, those are all

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Speaker 1: great things to spend money on. And I mean really

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Speaker 1: like something like stationary, you're probably not going hog wild. No, no,

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Speaker 1: even if you're like, quote unquote hog wild, And I'm

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Speaker 1: not actually like because honestly, I don't like clutter. So

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Speaker 1: you know, it's not like I'm always accumulating a bunch

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Speaker 1: of stuff that I'm not using. I'm pretty reasonable about it.

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Speaker 1: Even if you feel like you're being extravagant and doing

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Speaker 1: like I don't know too, two hundred dollars halls in

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Speaker 1: the year, Well, that's two hundred dollars, which is not nothing,

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Speaker 1: but like you know, you could do a lot worse

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Speaker 1: if your your guilty pleasure was designer handbags or yeah, true, well,

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Speaker 1: or even just if you chose to spend a slightly

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Speaker 1: bit more on housing, that would easily get that two

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Speaker 1: hundred dollars haul. In perspective, I mean, it's really about

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Speaker 1: some of the big things, getting the big things right.

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Speaker 1: And then and I don't even know that it's two

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Speaker 1: hundred to be honest, I should look back. I know

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Speaker 1: that I do tend to order the lovely Habuni chi

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Speaker 1: box each year, and that's that's usual about one hundred dollars.

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Speaker 1: That's my biggest indulgence. And then when I travel, so

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Speaker 1: combining the two, I do like to see if there's

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Speaker 1: a fun, fancy stationary store, and I may spend like

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Speaker 1: twenty or thirty bucks buying fun Japanese or Korean station

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Speaker 1: I don't have to remember that one I found in

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Speaker 1: New York. I was just turned a corner and found

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Speaker 1: this great Japanese store. It was like a department store,

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Speaker 1: so they had more than just stationary. But I definitely

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Speaker 1: looked at the stationary part for a while, and I

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Speaker 1: bought a bunch of tiny notebooks, which we've discussed. I

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Speaker 1: have a thing for tiny notebooks, which I then don't

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Speaker 1: use because I never think my thoughts are good enough

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Speaker 1: to put in the tiny special notebooks. Oh all love,

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Speaker 1: your thoughts are good enough, I promise. So what is

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Speaker 1: I'm dying to know? What is your craft beer equivalent? Well, so,

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Speaker 1: since I was on the show, they asked me this question,

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Speaker 1: but they asked it in the context of time. What

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Speaker 1: am I willing to put time into that other people

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Speaker 1: might find ridiculous? And my answer was singing. I mean,

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Speaker 1: I'm not that great singer. I can carry a tune,

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Speaker 1: I can sing harmony, I can sight read, or I

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Speaker 1: can be in a auditioned ensemble. But I'm certainly never

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Speaker 1: going to be a professional singer. But I enjoy it

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Speaker 1: so much, and so I sing in my church choir,

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Speaker 1: which meets Thursday nights and Sunday mornings. Thursday nights generally

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Speaker 1: from about seven to nine thirty. Sunday mornings, I'm there

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Speaker 1: from nine to about eleven fifteen, and then there are

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Speaker 1: other concerts too a couple of year. And so when

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Speaker 1: I was recording How To Money, I was on that way.

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Speaker 1: I joked that I wasn't going to join them in

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Speaker 1: the craft beer consumption because I was on my way

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Speaker 1: that evening to a rehearsal for Mahler's was a second

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Speaker 1: symphony I was singing out in New Jersey. And again,

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Speaker 1: this is something so kind of ridiculous for you know,

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Speaker 1: you got a lot of other stuff going on in

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Speaker 1: life too, with kids and work and whatever else to

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Speaker 1: make time to go sing in a production of the

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Speaker 1: symphony out in New Jersey. But kind of thing that

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Speaker 1: I enjoy doing. So I'm willing to put time into it.

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Speaker 1: And so that was my answer. Cool, I love it.

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Speaker 1: That's great. All right, Well, I'm very excited to hear

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Speaker 1: what Joela Matt have to say. And yeah, I want

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Speaker 1: to hear about their craft beer, which is actually craft Bear.

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Speaker 1: All right, we'll be right back with Joel and Matt. Well,

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Speaker 1: Sarah and I are here with our buddies Joel and

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Speaker 1: Matt from the How to Money podcast. So can you

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Speaker 1: guys introduce yourselves to our listeners. Yeah, my name is Matt,

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Speaker 1: I co host How to Money here with Joel, And

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Speaker 1: would you like to hear like a quick little bio,

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Speaker 1: real quick? Sure you can do that. So I used

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Speaker 1: to work in the advertising industry as a designer, and

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Speaker 1: I've been self employed for the past twelve years or so,

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Speaker 1: and so I also manage a few investment properties. And

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Speaker 1: now Joel and I, yeah, we started the podcast, which

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Speaker 1: we've been doing for the past couple of years. Yeah,

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Speaker 1: I'm Joel and Matt and I were best buddies. We've

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Speaker 1: been best buddies for like a decade now. And yeah,

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Speaker 1: I've been in the money media space for like thirteen years.

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Speaker 1: I've been obsessed with talk radio since I was a kid.

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Speaker 1: I used to literally fall asleep at night listening to

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Speaker 1: my favorite talk radio host and so just it's kind

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Speaker 1: of nerdy, but the nerd it's my favorite medium. And

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Speaker 1: I think podcasting is now just the best fruition of

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Speaker 1: what talk radio used to be. And so yeah, I

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Speaker 1: mean we're having fun Creton the Show and listening to

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Speaker 1: other podcasts and just love kind of the medium of

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Speaker 1: podcasts and what it's become. Yeah, it's a fun space.

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Speaker 1: And you guys both have pretty young families too, in

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Speaker 1: some cases very young children both of you. So, So

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Speaker 1: what's what are what are your kids ages? Yeah, so

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Speaker 1: I've got three kiddo's. I've got a six year old

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Speaker 1: and a four year old girls, and then I've got

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Speaker 1: a four month old little boy named Ezra, and so yeah,

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Speaker 1: we're just it's a ton of fun also, Laura, and

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Speaker 1: as you guys know, I mean, it's also a big endeavor.

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Speaker 1: So that's actually almost exactly our age spacing. And we're

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Speaker 1: now almost eight, almost six and two. So yeah, actually

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Speaker 1: it's even more fun now. So that yeah, young kids

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Speaker 1: are they're fun, but it is a lot of work.

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Speaker 1: So Eeddie, I've got Eddie, Clover, Dottie and Weston, so

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Speaker 1: I've got four kids. I am not looking to join

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Speaker 1: your five like you have, Laura. But yeah, they're amazing kids.

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Speaker 1: My wife Kate and I, yeah, we love them. And

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Speaker 1: you guys, your your sons were born. They're both babies.

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Speaker 1: They're born, you said two days apart that. Yeah, we've

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Speaker 1: got a lot of flak for it's pretty ridiculous, right,

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Speaker 1: and we think that we do way too much together already,

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Speaker 1: and apparently seeving children is on that list. Yeah, so

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Speaker 1: people are assuming that we texted each other or you know,

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Speaker 1: pre planned it. That is not the case, I can say,

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Speaker 1: but it is really cool that we've got literally, you know,

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Speaker 1: our first he's got three girls. I've got two girls,

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Speaker 1: and then our latest editions are boys, and they were

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Speaker 1: born two days apart the last final kids or boys.

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Speaker 1: I will say, I mean, I'll readily admit that Kate

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Speaker 1: and I were on the fence of as to whether

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Speaker 1: or not we're going to have that fourth child, so surprise,

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Speaker 1: and now we have to be best friends for the

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Speaker 1: rest of our lives. And your your your wives and

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Speaker 1: kids all hang out too, right, Yeah, yeah, okay, yeah, yeah, well,

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Speaker 1: I mean, so we I mean, Joe mentioned that we've

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Speaker 1: been best friends from close to a decade, and so

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Speaker 1: we met, yeah, close to ten years ago, basically in

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Speaker 1: the neighborhood. We live like seven blocks away from each other. Yeah,

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Speaker 1: well we did then as well, but we've both moved

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Speaker 1: several times since then, but we still live just a

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Speaker 1: few blocks from each other because we love our community

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Speaker 1: so much, our neighborhood, and we you know, you buy somewhere,

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Speaker 1: you start putting down roots, you start meeting the folks

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Speaker 1: in the neighborhood, and you realize that, man, I could

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Speaker 1: really see myself here for a while. And yeah, we're

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Speaker 1: lucky enough that our Obviously we're best buds, but our

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Speaker 1: wives are literally best friends as well. We go on

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Speaker 1: vacations together. We actually we just booked our summer trip.

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Speaker 1: We're gonna go. We skipped it last year because last

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Speaker 1: year was really busy for us, but we know we

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Speaker 1: booked a summer beach trip. I'm looking forward to that.

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Speaker 1: That's gonna be great. And when you work together and

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Speaker 1: your friends, you have to I think we've had realize

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Speaker 1: that you have to be really intentional about maintaining that

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Speaker 1: friendship because it can be really hard as you work

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Speaker 1: together and you're you know, recording podcasts and coming up

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Speaker 1: with show topics and responding to emails and all the

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Speaker 1: other things that come alongside of that. You have to

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Speaker 1: prioritize the friendship and that you can't just focus on

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Speaker 1: the work. And so, yeah, this beach trip is something

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Speaker 1: that we look forward to and every once in a while,

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Speaker 1: even though we drink beer while we're recording the show,

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Speaker 1: we have to have a beer just for beer's sake,

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Speaker 1: you know, I associate it with work, right exactly. I

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Speaker 1: don't like my beer anymore. Yeah. We actually opened up

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Speaker 1: this episode by discussing what our craft beer equivalent is

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Speaker 1: because we know that that's always discussed on your show,

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Speaker 1: But inquiring minds want to know, do you really really

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Speaker 1: drink a beer while you're recording? Oh yeah, what time

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Speaker 1: of day are you recording? I mean, Sarah and I

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Speaker 1: almost always recorded like nine thirty in the morning. Oh okay,

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Speaker 1: well that would not work for us. Yeah as well,

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Speaker 1: I think it would be frowned upon if we're cracking

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Speaker 1: craft beers at nine thirty. I think there's one episode

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Speaker 1: that we didn't have a beer on it, and it

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Speaker 1: was because that's the guests true had to record in

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Speaker 1: the morning, and so we did. We blocked it off

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Speaker 1: and we had cold brew coffee instead. But yeah, no,

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Speaker 1: we really drink a beer on every episode. And we're

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Speaker 1: really fortunate that there's a lot of great breweries out there,

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Speaker 1: and a lot of our listeners have sent us to

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Speaker 1: some awesome beers throughout the months that we've gotten to taste.

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Speaker 1: We've got to try beers that we never would have

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Speaker 1: been able to try otherwise. So yeah, we usually record

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Speaker 1: typically after the kids are in bed at start around

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Speaker 1: eight pm, and so yeah, that's just kind of the

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Speaker 1: way that we're able to do the thing that we

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Speaker 1: love and not eat into family time. Also, well, we

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Speaker 1: definitely want to get to that topic. How did you

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Speaker 1: decide to start the podcast together though, Because I mean,

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Speaker 1: like you said, you were buddies and then you know

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Speaker 1: that that doesn't automatically translate to, hey, we should start

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Speaker 1: a podcast. We should be in business together, right, So

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Speaker 1: what happened there to Well, so anytime Jill and I

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Speaker 1: would hang out, we found that we would end up

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Speaker 1: talking about like money and stuff like whether it be

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Speaker 1: investing or real estate. That was a lot of our

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Speaker 1: early conversations was about real estate because we're both looking

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Speaker 1: to buy investment properties, kind of around the beginning of

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Speaker 1: our friendship. But yeah, we would get together, we'd talk

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Speaker 1: about personal finance, and we would always have a beer.

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Speaker 1: And so, with Joel having been in radio forever, yeah,

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Speaker 1: a podcast is a natural sort of extension of that.

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Speaker 1: And so I think you're kind of kicking the idea

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Speaker 1: around a little bit. I was like, dude, let's you

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Speaker 1: know what do we talk about every time we get together?

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Speaker 1: And he's like money. I was like, that's right, So

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Speaker 1: let's let's find a way to talk about personal finance

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Speaker 1: in a way that's interesting to folks out there because

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Speaker 1: most of I mean money, money sucks for the most part, right, Like,

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Speaker 1: people don't like talking about money is something that isn't fun,

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Speaker 1: and so we're like, Okay, we need to talk about

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Speaker 1: it in a way that's interesting, that feels approachable, that's

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Speaker 1: not intimidating. And that was basically the Yeah, that was

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Speaker 1: the culmination of the show. Yeah, it really was. He's

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Speaker 1: exactly right, there is there's this apprehension for most people

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Speaker 1: to talk about money with their friends, with their peers,

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Speaker 1: with their coworkers, with their family, and because we don't

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Speaker 1: talk about it, it leads to a lot of money strife.

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Speaker 1: And if we can talk about it well and we

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Speaker 1: can make it approachable, relatable, fun, have a beer while

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Speaker 1: we're doing it, then we hope that it helps other

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Speaker 1: people feel comfortable talking about money with the people that

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Speaker 1: they love the most and then also taking some action

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Speaker 1: to you know, get their money in order so that

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Speaker 1: they can live a more fulfilling life. Yeah, and I

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Speaker 1: will say too, I mean, a big reason why we

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Speaker 1: have the beer on the show is because a lot

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Speaker 1: of the personal advice that's out there focuses on deprivation.

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Speaker 1: It's about, Okay, how can I cut back, like, what

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Speaker 1: are ways that we're going to sacrifice and feel the

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Speaker 1: pain make our lives stink? And a lot of times

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Speaker 1: those kind of sacrifices don't add up to anything that

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Speaker 1: just will make a dent in your budget or in

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Speaker 1: your expenses. And so having a beer is a way

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Speaker 1: for us to focus on the important things saving for retirement.

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Speaker 1: But at the same time, we're still prioritizing things that

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Speaker 1: matter to us now, like enjoying ourselves, you know, while

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Speaker 1: having a you know, while we're podcasting, having a nice

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Speaker 1: craft beer. So that's really cool. And we just heard

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Speaker 1: from you that you do the recording at eight pm

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Speaker 1: after the kids go to bed. What are your schedules

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Speaker 1: look like? I mean, what, what's a day in the

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Speaker 1: life of jol and Matt. Well, it's a very exciting.

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Speaker 1: I'm surprised we don't have similar to mine, like other

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Speaker 1: hits in the morning. Yeah, school, there's exactly. Yeah, I'm

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Speaker 1: surprised we don't have a reality television show and cameras

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Speaker 1: following us around because it is so exciting. But typically, yeah,

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Speaker 1: it is. It's I try to wake up at six

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Speaker 1: am just so I can have thirty minutes to myself

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Speaker 1: to shower, have coffee, do some reading before the hecticness

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Speaker 1: of the day begins and the kids start to wake

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Speaker 1: up and stuff. And so every morning I'm helping the

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Speaker 1: kids get ready, you know, making breakfast while my wife

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Speaker 1: takes care of our four month old, and I'm you know,

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Speaker 1: getting them dressed and getting getting out the door, dropping

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Speaker 1: them off at school. Oftentimes when especially when it's not

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Speaker 1: brutally cold, I'm popping them on the bike and we're

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Speaker 1: hopping and we take our bikes. We drop the kids

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Speaker 1: off at school on the bikes. And so, yeah, so

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Speaker 1: that's kind of what the morning looks like. And then

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Speaker 1: I head into work and I'm at my day job

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Speaker 1: most of the day from you know, nine to five basically,

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Speaker 1: and then you know, I bike home, have dinner, and

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Speaker 1: then most nights try to be home and hang out

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Speaker 1: with my wife. But there are some nights and nights

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Speaker 1: we podcast or a night that I have to prioritize

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Speaker 1: working on stuff for the podcast. But it I try

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Speaker 1: to confine all that kind of stuff two hours that

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Speaker 1: don't conflict with family time. And in particular, sometimes I

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Speaker 1: can hang out with my wife from you know, after

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Speaker 1: I put the kids to bed from like seven thirty

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Speaker 1: to nine, and then she's tired, ready to go to bed,

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Speaker 1: and that's a perfect time for me to get a

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Speaker 1: little bit of work done before I go to bed. Yeah, yeah, yeah,

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Speaker 1: I mean, I'm not going to repeat all that because honestly,

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Speaker 1: like we had similar, similar schedules based on recording and

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Speaker 1: you know, our kids go to the same school. So

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Speaker 1: like Joel, you know that it's about focusing on the

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Speaker 1: things that we want to do. And so, like Joel

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Speaker 1: mentioned biking, and for me, that's a huge priority. It's

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Speaker 1: also the only way we're going to get any sort

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Speaker 1: of workout in whatsoever with how crazy things are. Yeah,

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Speaker 1: it is true. The biking is the only thing that

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Speaker 1: like accelerates my heart rate and gets me going and

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Speaker 1: it gives me any sort of exercise. But as far

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Speaker 1: I mean as far as work, you know, like that's

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Speaker 1: something interesting as well, because we've seen that sort of

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Speaker 1: evolve over time now that we're kind of doing the

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Speaker 1: podcast on the side. So being so employed, I've had

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Speaker 1: the luxury lately of being able to kind of like

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Speaker 1: ramp down photography a little bit. And by doing that, well,

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Speaker 1: first of all, it's been necessary because like Joel's been

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Speaker 1: in the spoken word space for forever. Whereas being a photographer,

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Speaker 1: there's a lot that I've needed to learn, even though

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Speaker 1: I've been interested in personal finance and investing there, I

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Speaker 1: feel like the past two years for me, it's kind

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Speaker 1: of been a crash course and we're at least I'm

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Speaker 1: kind of brushing up on some of the things that

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Speaker 1: we're talking about. And so for me, being self employed

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Speaker 1: has been fantastic because being able to kind of ramp that,

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Speaker 1: you know, slow down photography while building the podcast up,

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Speaker 1: that has been crucial. You know, It's been necessary for

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Speaker 1: me to be able to maintain some balance with my family,

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Speaker 1: with my personal life while also trying to essentially, you know,

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Speaker 1: juggle to jobs at once. That sounds great. We're going

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Speaker 1: to go right back to this topic of balance and

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Speaker 1: you know how we prioritize our time. Right after the

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Speaker 1: We're yeah, definitely back. And I had a question that

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00:19:31,720 --> 00:19:34,399
Speaker 1: I definitely, I just can't resist diving down this pathway,

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Speaker 1: although I don't know if it was in our notes.

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Speaker 1: That's okay, both of your wives have chosen to stay

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Speaker 1: home as the kids are young, and is that How

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Speaker 1: has that decision arrived upon? And do see that changing

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Speaker 1: at any point? I mean, and to you know, give

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Speaker 1: this a little bit of perspective. Most of our audience

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Speaker 1: is working women, so a lot of them struggle kind

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Speaker 1: of with that choice. And since you guys are very

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Speaker 1: conscious from a financial point of view, I was just

401
00:19:56,359 --> 00:20:00,639
Speaker 1: wondering how played into and no disrespect what's whoever, because

402
00:20:00,680 --> 00:20:02,360
Speaker 1: I think that one of the messages that we've put

403
00:20:02,400 --> 00:20:05,960
Speaker 1: across is absolutely it's fine to choose to stay home

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00:20:05,960 --> 00:20:07,400
Speaker 1: if that's what you want to do. So if that's

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00:20:07,440 --> 00:20:09,399
Speaker 1: just kind of how things evolved, then that's great. But

406
00:20:09,440 --> 00:20:12,640
Speaker 1: I just be curious to kind of hear how that evolved. Yeah,

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00:20:12,720 --> 00:20:15,760
Speaker 1: So I'll get a little personal here for me. You know,

408
00:20:15,840 --> 00:20:19,200
Speaker 1: growing up, my mom always wanted to stay at home,

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Speaker 1: and I just remember that being topic of discussion frequently

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Speaker 1: in the house that she and my dad would talk

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Speaker 1: about that she wanted to stay home and because of

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Speaker 1: some financial decisions, it just wasn't possible, and so I

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Speaker 1: remember that being really really hard for her, And so

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Speaker 1: I knew as Emily and I got married that more

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Speaker 1: than anything, I wanted her to be able to choose

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Speaker 1: whether whether she wanted to stay at home or not.

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Speaker 1: I just wanted her to be able to have the choice.

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Speaker 1: And at the same time, I'm working in radio, which

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Speaker 1: is not a super high paying profession. So I knew

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Speaker 1: that I needed to figure something else out in order

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Speaker 1: to make that at least a possibility, whether she wanted

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Speaker 1: to or not. And so rental properties were kind of

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Speaker 1: that tool for me. So I started investing in rental properties,

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00:21:01,520 --> 00:21:06,080
Speaker 1: buying a new one every two years, and that accelerated

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00:21:06,160 --> 00:21:08,600
Speaker 1: our ability. It kind of acted as part time income

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Speaker 1: so that she had the freedom to choose when we

427
00:21:11,760 --> 00:21:13,840
Speaker 1: did have our first kid, and so for a while

428
00:21:13,960 --> 00:21:16,760
Speaker 1: she continued to work, and then, you know, especially once

429
00:21:16,800 --> 00:21:19,960
Speaker 1: baby number two came, it just she wanted to stay home.

430
00:21:20,040 --> 00:21:22,280
Speaker 1: And it also seemed to make more sense from a

431
00:21:22,320 --> 00:21:25,000
Speaker 1: financial perspective. I think most people find once kid number

432
00:21:25,000 --> 00:21:27,640
Speaker 1: two comes, and oftentimes, especially if you have a third kid,

433
00:21:28,200 --> 00:21:30,040
Speaker 1: financially it does tend to make more sense for a

434
00:21:30,080 --> 00:21:32,520
Speaker 1: lot of people for one of the partners to stay

435
00:21:32,520 --> 00:21:36,320
Speaker 1: at home. Oh yeah, And so sometimes I think our

436
00:21:36,400 --> 00:21:40,200
Speaker 1: central thesis tends to argue against that sometimes. But yes,

437
00:21:40,240 --> 00:21:43,000
Speaker 1: every individual situation is different, and I think that if

438
00:21:43,080 --> 00:21:45,359
Speaker 1: someone wants to stay home and that's where their values

439
00:21:45,400 --> 00:21:47,840
Speaker 1: are and that's where their choices, then more power to them.

440
00:21:47,840 --> 00:21:50,240
Speaker 1: If the family, you know, figures out a way for

441
00:21:50,359 --> 00:21:52,879
Speaker 1: that to work and meet everybody's financial goals. Yes, and

442
00:21:53,119 --> 00:21:55,320
Speaker 1: so much of that depends right on what the income

443
00:21:55,440 --> 00:21:58,159
Speaker 1: is too, and also the cost of childcare where you

444
00:21:58,200 --> 00:22:00,560
Speaker 1: live and everything. All the all the numbers that we're

445
00:22:00,560 --> 00:22:03,000
Speaker 1: seeing these days are just how inflated the cost of

446
00:22:03,040 --> 00:22:06,480
Speaker 1: childcare are becoming. It's getting way more expensive to drop

447
00:22:06,520 --> 00:22:09,000
Speaker 1: your kids off at a daycare, and and so that

448
00:22:09,119 --> 00:22:10,959
Speaker 1: is one thing that does need to be considered. But

449
00:22:11,000 --> 00:22:13,679
Speaker 1: more than anything, I think people should prioritize what is

450
00:22:13,680 --> 00:22:15,000
Speaker 1: it you want to do, and if you want to

451
00:22:15,000 --> 00:22:17,720
Speaker 1: continue working, then that is what you should aim for.

452
00:22:18,080 --> 00:22:19,639
Speaker 1: And I think you can find the money for that,

453
00:22:19,680 --> 00:22:21,680
Speaker 1: And I think you can find the money to stay

454
00:22:21,680 --> 00:22:24,399
Speaker 1: at home. It just takes intentional living and then cutting

455
00:22:24,400 --> 00:22:26,560
Speaker 1: back in the areas that are going to help you

456
00:22:26,600 --> 00:22:28,960
Speaker 1: to be able to make that a reality. Yeah. I

457
00:22:29,000 --> 00:22:32,040
Speaker 1: love that you only get one life, so right, exactly. Yeah, yeah,

458
00:22:32,080 --> 00:22:34,640
Speaker 1: So I mean, similar to that, Kate was working with

459
00:22:34,720 --> 00:22:38,280
Speaker 1: me in our in our photography company, and we kind

460
00:22:38,280 --> 00:22:40,760
Speaker 1: of did things backwards a little bit, so like maybe

461
00:22:40,760 --> 00:22:42,680
Speaker 1: this wasn't at the time the most financially wise thing

462
00:22:42,720 --> 00:22:45,080
Speaker 1: to do, but we started with what we wanted our

463
00:22:45,080 --> 00:22:46,760
Speaker 1: life to look like, and then we just did it.

464
00:22:47,160 --> 00:22:50,520
Speaker 1: So basically, we knew that we wanted her to stay

465
00:22:50,520 --> 00:22:53,760
Speaker 1: at home with the kids. It's a goal of hers,

466
00:22:53,800 --> 00:22:55,840
Speaker 1: it's something she wanted to do. I was all for

467
00:22:55,880 --> 00:22:57,919
Speaker 1: that because you know, I wasn't going to say, all right,

468
00:22:57,960 --> 00:23:01,119
Speaker 1: well you can't do that because of X reason. And

469
00:23:01,160 --> 00:23:03,240
Speaker 1: so when the time came and it got too hard

470
00:23:03,359 --> 00:23:05,000
Speaker 1: for us to juggle, so we kind of juggled. Gee.

471
00:23:05,040 --> 00:23:07,000
Speaker 1: She did both for about a year. But then for her,

472
00:23:07,119 --> 00:23:09,640
Speaker 1: she I mean, we knew that, okay, once kid number

473
00:23:09,640 --> 00:23:11,800
Speaker 1: two came along, we don't want to go through that again.

474
00:23:12,320 --> 00:23:14,760
Speaker 1: For her, it was difficult, and so we just we

475
00:23:14,800 --> 00:23:16,479
Speaker 1: just pulled the plug and we said, all right, well,

476
00:23:16,480 --> 00:23:18,679
Speaker 1: from now on, you're not working, and we adjusted our

477
00:23:18,720 --> 00:23:22,560
Speaker 1: life to conform to the new financial constraints that we

478
00:23:22,600 --> 00:23:24,879
Speaker 1: had basically, and so we knew what we wanted our

479
00:23:24,880 --> 00:23:27,800
Speaker 1: life to look like at home, which meant, uh, you know,

480
00:23:27,920 --> 00:23:30,720
Speaker 1: Kate being there with the kids and taking more of

481
00:23:30,720 --> 00:23:33,280
Speaker 1: a role at home, and so we basically made sure

482
00:23:33,280 --> 00:23:36,439
Speaker 1: that the decisions we made allowed for that to happen.

483
00:23:37,400 --> 00:23:42,120
Speaker 1: So I'm curious speaking about these decisions because there's there's

484
00:23:42,119 --> 00:23:45,680
Speaker 1: some aspect of the financial independence, retire early fire movement whatever.

485
00:23:45,760 --> 00:23:50,840
Speaker 1: Some of these people it seems like families are cost

486
00:23:51,040 --> 00:23:53,840
Speaker 1: centers and so they don't want to put you know,

487
00:23:54,200 --> 00:23:55,960
Speaker 1: so it's a choice to have a bigger family, which

488
00:23:55,960 --> 00:23:58,960
Speaker 1: both of you have elected to do. It is then,

489
00:23:59,359 --> 00:24:01,760
Speaker 1: you know, a choice to spend time with them, which

490
00:24:01,760 --> 00:24:03,680
Speaker 1: it sounds from both of you talking about your schedules

491
00:24:03,680 --> 00:24:06,920
Speaker 1: that you're prioritizing versus say, you know, taking on a

492
00:24:06,920 --> 00:24:09,360
Speaker 1: different job that would require more hours, or a side

493
00:24:09,440 --> 00:24:12,040
Speaker 1: hustle that would take you away all weekend or something

494
00:24:12,160 --> 00:24:16,199
Speaker 1: like that. Both of those decisions, though, mean that you

495
00:24:16,400 --> 00:24:21,320
Speaker 1: probably reach financial independence later. So I'm curious what your

496
00:24:21,520 --> 00:24:24,560
Speaker 1: timeline is for that as you are building up wealth,

497
00:24:24,600 --> 00:24:27,680
Speaker 1: and how you weighed that choice that some of these

498
00:24:27,720 --> 00:24:32,960
Speaker 1: financial moves slow the process considerably. Well, Matt and I

499
00:24:33,040 --> 00:24:34,760
Speaker 1: were friends with a lot of people in the fire

500
00:24:34,840 --> 00:24:38,320
Speaker 1: movement and the folks that want to essentially be able

501
00:24:38,320 --> 00:24:40,080
Speaker 1: to retire by the age of forty, some by the

502
00:24:40,080 --> 00:24:43,800
Speaker 1: age of thirty five or even thirty. Some are going crazy,

503
00:24:43,880 --> 00:24:46,560
Speaker 1: like straight out of school. They're living in a van,

504
00:24:46,680 --> 00:24:50,040
Speaker 1: but not like the gross kind, like the living in

505
00:24:50,040 --> 00:24:53,280
Speaker 1: a conversion van. The Instagram van. Yeah, yeah, Instagram like

506
00:24:53,280 --> 00:24:56,440
Speaker 1: the sexy van, not the nothing down by the river, right,

507
00:24:57,080 --> 00:24:58,800
Speaker 1: And so yeah, we're friends with a lot of those people,

508
00:24:58,800 --> 00:25:01,280
Speaker 1: But we also don't hook line and thinker buy into

509
00:25:01,320 --> 00:25:04,560
Speaker 1: the movement. I think they're the quest for financial independence

510
00:25:04,600 --> 00:25:08,040
Speaker 1: and for a high savings rate should be should is

511
00:25:08,080 --> 00:25:10,199
Speaker 1: something we should all aim for, and I think it

512
00:25:10,280 --> 00:25:13,959
Speaker 1: is more achievable than most people give it credit for.

513
00:25:14,240 --> 00:25:18,000
Speaker 1: I think there are a lot of poor money choices

514
00:25:18,040 --> 00:25:20,040
Speaker 1: that a lot of Americans make, and so we want

515
00:25:20,040 --> 00:25:21,560
Speaker 1: to help people just think a little more intentionally and

516
00:25:21,600 --> 00:25:24,640
Speaker 1: then also know the strategies around being able to save

517
00:25:24,640 --> 00:25:27,840
Speaker 1: and invest better. But the goal of retiring and not

518
00:25:27,920 --> 00:25:31,040
Speaker 1: working anytime soon is not something that's on my radar.

519
00:25:31,440 --> 00:25:36,440
Speaker 1: The goal for me is to have enough money in

520
00:25:36,440 --> 00:25:39,840
Speaker 1: investment accounts in cash flow for my rental properties. And

521
00:25:40,119 --> 00:25:42,679
Speaker 1: to be able to choose what it is that I

522
00:25:42,720 --> 00:25:46,439
Speaker 1: want to do with my days and that will for

523
00:25:47,600 --> 00:25:50,119
Speaker 1: I assume, for a long period of time. I'm in

524
00:25:50,119 --> 00:25:52,159
Speaker 1: my mid thirties now, but I want to work for

525
00:25:52,200 --> 00:25:55,320
Speaker 1: the next thirty years at something that I enjoy and

526
00:25:55,760 --> 00:25:59,040
Speaker 1: if it is helping people with their money, dispensing financial advice,

527
00:25:59,119 --> 00:26:03,520
Speaker 1: and encouraging people to continue along that path, but I

528
00:26:03,560 --> 00:26:06,800
Speaker 1: can choose what that looks like, then that's what matters

529
00:26:06,800 --> 00:26:09,000
Speaker 1: to me. And so I want to make sure that

530
00:26:09,000 --> 00:26:10,960
Speaker 1: I'm in the position to be able to do that

531
00:26:11,080 --> 00:26:13,239
Speaker 1: and not be beholden to anyone or have to go

532
00:26:13,240 --> 00:26:16,119
Speaker 1: get a job because you know, things with the podcast

533
00:26:16,160 --> 00:26:17,600
Speaker 1: aren't working out as well as I had hoped or

534
00:26:17,600 --> 00:26:19,840
Speaker 1: anything like that. I think that's that's what it means

535
00:26:19,880 --> 00:26:22,680
Speaker 1: to me. It's not necessarily bagging work in the next

536
00:26:22,680 --> 00:26:25,760
Speaker 1: few years or anything. Yeah, Joel and I aren't great

537
00:26:26,359 --> 00:26:29,920
Speaker 1: guests on you Know Fire podcast because a lot of

538
00:26:30,000 --> 00:26:37,520
Speaker 1: times it's like, wha is okay? Rights? Yea? I completely

539
00:26:37,560 --> 00:26:40,119
Speaker 1: agree with Joel and that being financially independent, what it

540
00:26:40,119 --> 00:26:43,280
Speaker 1: gives you is options, right. It gives you the option

541
00:26:43,400 --> 00:26:44,840
Speaker 1: to say no to something that you don't want to do.

542
00:26:44,880 --> 00:26:47,760
Speaker 1: It gives you the option to, you know, devote more

543
00:26:47,760 --> 00:26:51,040
Speaker 1: time to your family because, like like Joel, I enjoy work.

544
00:26:51,520 --> 00:26:53,159
Speaker 1: It's you know, when you can see the work that

545
00:26:53,200 --> 00:26:57,000
Speaker 1: you do as a way that you're contributing to society,

546
00:26:57,240 --> 00:26:59,760
Speaker 1: as a way that you're providing value. When you can

547
00:26:59,760 --> 00:27:02,439
Speaker 1: make that connection, you can feel really good about the

548
00:27:02,480 --> 00:27:04,680
Speaker 1: work that you can do and the work that you're

549
00:27:04,960 --> 00:27:08,560
Speaker 1: you've maybe even feel called to do. And aside from that,

550
00:27:09,440 --> 00:27:12,439
Speaker 1: like a traditional job, it lends itself for me at least,

551
00:27:12,480 --> 00:27:14,439
Speaker 1: like it lends itself to the kind of lifestyle that

552
00:27:14,800 --> 00:27:17,240
Speaker 1: I want to live currently and that we are living

553
00:27:17,359 --> 00:27:20,040
Speaker 1: right Like we've got kids that are in school. They

554
00:27:20,080 --> 00:27:22,879
Speaker 1: love their school, they love their community. We've got tons

555
00:27:22,880 --> 00:27:24,520
Speaker 1: of between me and Joel. I don't know how many

556
00:27:24,560 --> 00:27:26,600
Speaker 1: kids there are on the two streets between us, but

557
00:27:26,600 --> 00:27:28,960
Speaker 1: there are a lot. Yeah, you should see Halloween around here.

558
00:27:31,600 --> 00:27:34,800
Speaker 1: And so traveling the world, like becoming financially independent, traveling

559
00:27:34,840 --> 00:27:38,160
Speaker 1: the world and world schooling or you know, homeschooling. For

560
00:27:38,160 --> 00:27:40,080
Speaker 1: for us, that is not something I want to do,

561
00:27:40,160 --> 00:27:42,720
Speaker 1: Like homeschooling does not sound very fun to me. But

562
00:27:43,000 --> 00:27:44,800
Speaker 1: more power to the people that do prioritize that and

563
00:27:44,800 --> 00:27:47,040
Speaker 1: want that. That's great for sure, but for me that's

564
00:27:47,040 --> 00:27:49,440
Speaker 1: not a priority. And you know, kind of sticking to

565
00:27:49,520 --> 00:27:52,800
Speaker 1: the more quote unquote traditional American life where we have

566
00:27:52,840 --> 00:27:55,480
Speaker 1: a regular job and you know, that's what we're kind

567
00:27:55,480 --> 00:27:57,640
Speaker 1: of subscribing to. But what I'm not going to subscribe

568
00:27:57,680 --> 00:28:00,679
Speaker 1: to is a job, you know, that keep me working,

569
00:28:00,800 --> 00:28:02,960
Speaker 1: you know, late into the night every single day, that

570
00:28:03,080 --> 00:28:05,280
Speaker 1: keeps me working on the weekends. That's been part of

571
00:28:05,320 --> 00:28:07,280
Speaker 1: my shift of getting out of photography a little bit

572
00:28:07,320 --> 00:28:10,359
Speaker 1: is because it required being on site on location, and

573
00:28:10,560 --> 00:28:12,840
Speaker 1: a lot of times I didn't have control over those dates.

574
00:28:13,280 --> 00:28:16,760
Speaker 1: And so when you do something like podcasting, it allows

575
00:28:16,760 --> 00:28:20,080
Speaker 1: for a tremendous amount of flexibility. Sure, and so looking

576
00:28:20,160 --> 00:28:22,200
Speaker 1: towards the kind of work that gives the kind of

577
00:28:22,240 --> 00:28:26,320
Speaker 1: flexibility that you're looking for, I think that's what's incredible.

578
00:28:26,320 --> 00:28:28,800
Speaker 1: And that's the kind of options that financial independence can

579
00:28:28,840 --> 00:28:30,920
Speaker 1: give you. I want to say too, we don't always

580
00:28:30,960 --> 00:28:34,119
Speaker 1: get to make the choice for ourselves, and often we think, well,

581
00:28:34,119 --> 00:28:35,720
Speaker 1: I'm going to keep working until I'm sixty five, or

582
00:28:35,760 --> 00:28:38,080
Speaker 1: I'm going to keep working until I'm seventy. I love

583
00:28:38,120 --> 00:28:40,440
Speaker 1: what I do until it doesn't matter. But the company

584
00:28:40,440 --> 00:28:42,360
Speaker 1: you work for could have financial issues, you might get

585
00:28:42,400 --> 00:28:44,200
Speaker 1: laid off. There are all sorts of things. And I'm

586
00:28:44,240 --> 00:28:48,680
Speaker 1: particularly in an industry that's prone to layoffs or you know,

587
00:28:48,920 --> 00:28:52,640
Speaker 1: losing my job, and so I'm I'm keenly aware of

588
00:28:52,680 --> 00:28:54,560
Speaker 1: that fact. Also, when I was a kid, my dad

589
00:28:54,600 --> 00:28:56,640
Speaker 1: got laid off from a job and just hasn't been

590
00:28:56,640 --> 00:28:59,160
Speaker 1: able to find work at the same level for the

591
00:28:59,160 --> 00:29:01,640
Speaker 1: rest of his life. And so seeing that, knowing that

592
00:29:01,640 --> 00:29:03,960
Speaker 1: that is a real possibility. As you get older, you

593
00:29:04,040 --> 00:29:07,440
Speaker 1: might encounter health issues that you weren't expecting, and so

594
00:29:07,480 --> 00:29:09,040
Speaker 1: there are all sorts of things that we don't get

595
00:29:09,040 --> 00:29:11,960
Speaker 1: to decide for ourselves. And so planning ahead and being

596
00:29:11,960 --> 00:29:14,440
Speaker 1: thoughtful and having a high savings rate, you know, as

597
00:29:14,520 --> 00:29:16,920
Speaker 1: soon as possible, so that you can plan for that

598
00:29:17,000 --> 00:29:19,560
Speaker 1: potential of who knows what's around the band. I think

599
00:29:19,560 --> 00:29:22,400
Speaker 1: that's really important too. Yeah, Well, with that, I would

600
00:29:22,440 --> 00:29:25,360
Speaker 1: love to pivot to some of our money conversations because

601
00:29:25,360 --> 00:29:27,280
Speaker 1: we want to make sure that we get some of

602
00:29:27,320 --> 00:29:30,760
Speaker 1: you guys's expertise on that to our listeners here. But

603
00:29:30,840 --> 00:29:34,720
Speaker 1: first you do a segment occasionally Frugal versus Cheap, which

604
00:29:35,560 --> 00:29:38,400
Speaker 1: Sarah's probably more frugal. I'm just cheap. I mean, honestly,

605
00:29:39,480 --> 00:29:42,280
Speaker 1: I don't think I'm really necessarily all that frugal or cheap,

606
00:29:46,000 --> 00:29:48,800
Speaker 1: she said to spending money I have. I have like

607
00:29:48,920 --> 00:29:51,720
Speaker 1: palpitations when I'm getting more frugal. You're getting frugal, and

608
00:29:51,920 --> 00:29:55,360
Speaker 1: I'm trying to relax. But we we'd love to hear

609
00:29:55,440 --> 00:29:57,840
Speaker 1: first what is the cheapest thing either of you have

610
00:29:57,920 --> 00:30:02,560
Speaker 1: ever done, and maybe a smart frugal meat move you've

611
00:30:02,560 --> 00:30:05,520
Speaker 1: made in the past week or so. Okay, So I

612
00:30:05,560 --> 00:30:07,000
Speaker 1: feel like I'm cheap in a lot of ways, but

613
00:30:07,040 --> 00:30:09,440
Speaker 1: I've never done like a huge purchase where I'm like,

614
00:30:09,480 --> 00:30:11,800
Speaker 1: oh my gosh, I totally shot myself on the foot

615
00:30:11,800 --> 00:30:13,480
Speaker 1: to where it ended up costing me, you know, way

616
00:30:13,520 --> 00:30:16,160
Speaker 1: more money down the road. But one thing I can

617
00:30:16,200 --> 00:30:19,320
Speaker 1: think of is one thing I can think of right

618
00:30:19,320 --> 00:30:22,640
Speaker 1: now is my glasses. I haven't had an eye exam

619
00:30:22,680 --> 00:30:26,280
Speaker 1: in maybe over ten years. We are talking to a

620
00:30:26,280 --> 00:30:28,200
Speaker 1: doctor here, man, I know, I know, I feel kind

621
00:30:28,200 --> 00:30:32,080
Speaker 1: of terrible confessing this, but but yeah, it's been a minute.

622
00:30:32,080 --> 00:30:34,360
Speaker 1: And when I do get glasses, I go with one

623
00:30:34,360 --> 00:30:37,240
Speaker 1: of the cheaper online retailers. I don't know if you've

624
00:30:37,240 --> 00:30:40,960
Speaker 1: heard of Zenny, but they're pretty much the most affordable

625
00:30:41,040 --> 00:30:44,440
Speaker 1: nine dollar glasses. I spent a little bit more like

626
00:30:44,440 --> 00:30:48,600
Speaker 1: way to disrupt that industry, but like, that's one way

627
00:30:48,680 --> 00:30:51,920
Speaker 1: that an anytime I mentioned that to friends, they are like, wait, what,

628
00:30:52,040 --> 00:30:54,680
Speaker 1: you haven't had your eyes checked? I'm like, no, I

629
00:30:54,720 --> 00:30:59,520
Speaker 1: see pretty good. So for now, that's uh, maybe that

630
00:30:59,600 --> 00:31:01,840
Speaker 1: might be a way where it does end up, you know,

631
00:31:02,080 --> 00:31:04,520
Speaker 1: costing me way more down the road, but hopefully I

632
00:31:04,560 --> 00:31:06,920
Speaker 1: will get my eyes checked here sooner than later. Yeah,

633
00:31:06,960 --> 00:31:11,120
Speaker 1: preventive healthcare is generally a good idea. Yeah, exactly, exactly. Yeah,

634
00:31:11,560 --> 00:31:13,920
Speaker 1: So I probably the cheapest thing I've done that my

635
00:31:13,960 --> 00:31:17,280
Speaker 1: wife continually brings up is in our last house, which

636
00:31:17,280 --> 00:31:19,680
Speaker 1: became a rental house, I put in some new ceiling

637
00:31:19,760 --> 00:31:24,280
Speaker 1: fans but in our bedrooms. But they were like on sale,

638
00:31:24,560 --> 00:31:26,840
Speaker 1: like thirty five bucks or something like that. It was ridiculous,

639
00:31:26,920 --> 00:31:29,520
Speaker 1: but they were these ceiling fans with the tiniest blades

640
00:31:29,840 --> 00:31:33,840
Speaker 1: and they were and they really went no exactly they

641
00:31:33,880 --> 00:31:35,760
Speaker 1: were meant to be in like a tiny laundry room

642
00:31:35,840 --> 00:31:37,240
Speaker 1: or something like that, and I was like, oh God,

643
00:31:37,240 --> 00:31:39,600
Speaker 1: I got some cheap ceiling fans. This is great. But

644
00:31:40,280 --> 00:31:43,360
Speaker 1: ultimately they didn't do anything, they didn't move any air,

645
00:31:43,400 --> 00:31:44,840
Speaker 1: and so they were worthless. So I had to go up.

646
00:31:45,000 --> 00:31:46,320
Speaker 1: I had to rip them out and put some new

647
00:31:46,320 --> 00:31:48,720
Speaker 1: ones in that and so that that's just that's me.

648
00:31:49,040 --> 00:31:52,720
Speaker 1: I think I've learned over time to buy things based

649
00:31:52,720 --> 00:31:56,200
Speaker 1: on value as opposed to just ultimate cheapness, because I've

650
00:31:56,240 --> 00:31:59,040
Speaker 1: made way too many of those pitfalls missteps and then

651
00:31:59,080 --> 00:32:01,080
Speaker 1: had to rip something out and do it again because

652
00:32:01,120 --> 00:32:05,320
Speaker 1: I was too cheap in the beginning. Yeah. Wow, I

653
00:32:05,400 --> 00:32:07,080
Speaker 1: like that. I feel like that's like, well, I've generally

654
00:32:07,160 --> 00:32:09,200
Speaker 1: learned to ignore sales for the most part, which I

655
00:32:09,240 --> 00:32:12,160
Speaker 1: guess sounds very anti frugal. But the things that just

656
00:32:12,480 --> 00:32:15,560
Speaker 1: I've bought and then never use, then it's like, I mean,

657
00:32:15,600 --> 00:32:17,520
Speaker 1: I'd rather biseling it full price and use it to

658
00:32:17,600 --> 00:32:19,680
Speaker 1: death because I bought it because I actually wanted it

659
00:32:19,720 --> 00:32:22,560
Speaker 1: and loved it, then have bought something because it had

660
00:32:22,560 --> 00:32:25,400
Speaker 1: an appealing looking price tag. Yeah. Yeah, there's was there

661
00:32:25,440 --> 00:32:27,360
Speaker 1: for sure. Yeah. I know, you guys had Gene Chatsky

662
00:32:27,480 --> 00:32:29,840
Speaker 1: on the show, and she Yeah, I think she refuses

663
00:32:29,880 --> 00:32:32,040
Speaker 1: to buy things on sale that I don't. I won't

664
00:32:32,040 --> 00:32:34,520
Speaker 1: go that far, but I totally understand that that mindset,

665
00:32:34,600 --> 00:32:38,680
Speaker 1: like because you don't want to be deceived because it's cheaper.

666
00:32:39,000 --> 00:32:41,480
Speaker 1: I got to get overly influenced by it all the time.

667
00:32:41,800 --> 00:32:44,600
Speaker 1: I'm trying to train myself, like, don't look at the

668
00:32:44,640 --> 00:32:47,840
Speaker 1: price tag. Yeah, don't look at the color of the

669
00:32:47,880 --> 00:32:50,600
Speaker 1: price tag. If it's red, it doesn't matter. I'm you know,

670
00:32:50,720 --> 00:32:53,120
Speaker 1: shopping in a store where I know the general price range.

671
00:32:53,160 --> 00:32:55,920
Speaker 1: Like you've decided that that's an okay price range, right, Like,

672
00:32:56,000 --> 00:32:58,040
Speaker 1: you know, so you're not going to find something that's

673
00:32:58,080 --> 00:33:01,280
Speaker 1: like ten thousand dollars in Banana republicers. You know, it's

674
00:33:01,320 --> 00:33:04,040
Speaker 1: just like there's only a range. And so if you're

675
00:33:04,040 --> 00:33:06,120
Speaker 1: okay with the range, like probably you don't need to

676
00:33:06,120 --> 00:33:09,320
Speaker 1: look at the prison Let go yes, go ahead. And

677
00:33:09,480 --> 00:33:12,720
Speaker 1: so what about some small financial goals? I mean, so

678
00:33:13,000 --> 00:33:15,840
Speaker 1: the topic of personal finance often seems a little bit overwhelming.

679
00:33:15,880 --> 00:33:17,680
Speaker 1: It's like, oh, I'm, you know, trying to save this

680
00:33:17,800 --> 00:33:20,920
Speaker 1: huge number for retirement or what are what are some

681
00:33:21,120 --> 00:33:24,360
Speaker 1: small moves our listeners could make in the next week

682
00:33:24,440 --> 00:33:26,600
Speaker 1: or two, maybe the next month that you think would

683
00:33:26,600 --> 00:33:29,720
Speaker 1: have a big impact on their financial health. Lur, I

684
00:33:29,760 --> 00:33:31,959
Speaker 1: think the best thing that folks can start doing is

685
00:33:32,120 --> 00:33:35,400
Speaker 1: tracking their their spending if they're not already doing that. Right,

686
00:33:35,840 --> 00:33:38,320
Speaker 1: This actually makes me think of you because after we

687
00:33:38,400 --> 00:33:40,840
Speaker 1: had you on our show when we're talking about time,

688
00:33:41,320 --> 00:33:44,479
Speaker 1: I totally nerded out and started tracking my my hours,

689
00:33:44,480 --> 00:33:48,160
Speaker 1: tracking my time, and it has made a massive difference

690
00:33:48,240 --> 00:33:50,520
Speaker 1: in how I view my days. Right, That's totally a

691
00:33:50,560 --> 00:33:53,360
Speaker 1: Laura Vandercamp disciple. Now I really am. I use an

692
00:33:53,360 --> 00:33:56,040
Speaker 1: app calls by where I can just I've got these

693
00:33:56,080 --> 00:34:00,000
Speaker 1: preset categories and I can switch between different activities throughout

694
00:34:00,040 --> 00:34:02,320
Speaker 1: the day. But in the same way, if you don't

695
00:34:02,320 --> 00:34:05,720
Speaker 1: know where your time's going, right, you don't know basically

696
00:34:05,760 --> 00:34:07,400
Speaker 1: how you're spending your day. The same thing is true

697
00:34:07,400 --> 00:34:09,359
Speaker 1: with your money. If you're not tracking your money, you're

698
00:34:09,400 --> 00:34:10,400
Speaker 1: going to get to the end of the month, you're

699
00:34:10,400 --> 00:34:11,839
Speaker 1: gonna get to the end of the year. Hopefully you're

700
00:34:11,840 --> 00:34:13,280
Speaker 1: not going to get to the end of your lifetime.

701
00:34:13,719 --> 00:34:16,640
Speaker 1: And you know without knowing what you spent your money on.

702
00:34:16,960 --> 00:34:19,960
Speaker 1: And so using different the simple apps out there like Mint,

703
00:34:20,800 --> 00:34:22,480
Speaker 1: you can just plug your accounts up to that or

704
00:34:22,520 --> 00:34:23,959
Speaker 1: if you want to take it a step further, looking

705
00:34:23,960 --> 00:34:26,560
Speaker 1: at why nab, which is you need a budget, but

706
00:34:26,719 --> 00:34:29,880
Speaker 1: using some simple apps to start seeing what you're actually

707
00:34:29,920 --> 00:34:32,160
Speaker 1: spending your money on, and that can help you to

708
00:34:32,840 --> 00:34:35,520
Speaker 1: realize that, man, maybe I am spending way too much

709
00:34:35,560 --> 00:34:37,560
Speaker 1: on this thing that it doesn't at all rise to

710
00:34:37,600 --> 00:34:39,040
Speaker 1: the surface. Like if you were to ask me what

711
00:34:39,080 --> 00:34:41,840
Speaker 1: do you value and this object or you know, this

712
00:34:41,960 --> 00:34:44,680
Speaker 1: service doesn't rise, you know, up up to the top

713
00:34:44,680 --> 00:34:46,040
Speaker 1: of the list. But then you see your budget and

714
00:34:46,080 --> 00:34:48,319
Speaker 1: you see that that's up there, Well, then it's time

715
00:34:48,360 --> 00:34:50,640
Speaker 1: to kind of re evaluate and see what it is

716
00:34:50,680 --> 00:34:52,600
Speaker 1: that you know, what do I actually want to spend

717
00:34:52,600 --> 00:34:55,120
Speaker 1: my money on. Yeah, if you want to make money changes,

718
00:34:55,160 --> 00:34:56,759
Speaker 1: but you don't know where your money is currently going,

719
00:34:56,800 --> 00:34:59,240
Speaker 1: it's really hard to actually do it. So yeah, tracking

720
00:34:59,320 --> 00:35:02,240
Speaker 1: is huge. And then I think like a couple big

721
00:35:02,280 --> 00:35:05,239
Speaker 1: moves that you could make, for instance, like this Saturday,

722
00:35:05,360 --> 00:35:07,680
Speaker 1: you could sit down and you could do two things

723
00:35:07,760 --> 00:35:10,200
Speaker 1: that would save you a ton of money, probably over

724
00:35:10,239 --> 00:35:13,400
Speaker 1: one thousand dollars a year and potentially multiple thousands of

725
00:35:13,440 --> 00:35:15,880
Speaker 1: dollars a year just this Saturday. And I think the

726
00:35:15,960 --> 00:35:17,960
Speaker 1: two things that we would encourage you to do is

727
00:35:18,040 --> 00:35:21,239
Speaker 1: one to change your cell phone provider. If most people

728
00:35:21,280 --> 00:35:23,320
Speaker 1: are paying way way too much for cell phone service

729
00:35:23,680 --> 00:35:26,719
Speaker 1: and it's super simple now to switch. And so there

730
00:35:26,760 --> 00:35:28,359
Speaker 1: are a lot of great companies out there. I don't

731
00:35:28,360 --> 00:35:31,400
Speaker 1: want to just mention one, but there's Mint Mobile, there's Visible,

732
00:35:31,480 --> 00:35:35,200
Speaker 1: There's all sorts of different discount cell phone provider companies.

733
00:35:35,200 --> 00:35:37,279
Speaker 1: And people assume they're going to get way less, that

734
00:35:37,360 --> 00:35:39,560
Speaker 1: their service is going to be trash if they switch over,

735
00:35:39,600 --> 00:35:41,800
Speaker 1: and that's just not the case. Most of these discount

736
00:35:41,800 --> 00:35:45,719
Speaker 1: providers use the same networks that from the big guys.

737
00:35:45,760 --> 00:35:48,080
Speaker 1: They're renting space from the t Mobiles and the Veridons

738
00:35:48,160 --> 00:35:50,799
Speaker 1: of this world. And so if you would change your

739
00:35:50,840 --> 00:35:53,759
Speaker 1: cell phone plan, you could save one hundred dollars a

740
00:35:53,760 --> 00:35:56,959
Speaker 1: month or more. And another thing I think we would

741
00:35:56,960 --> 00:36:00,319
Speaker 1: say is to rea shop your insurance, whether you're if

742
00:36:00,320 --> 00:36:03,839
Speaker 1: you're a homeowner in particular, and your car insurance. Those

743
00:36:03,880 --> 00:36:05,880
Speaker 1: are big moves that you can make, and there are

744
00:36:05,960 --> 00:36:08,000
Speaker 1: simple ways to do it now. There's a website called

745
00:36:08,040 --> 00:36:11,600
Speaker 1: policy Genius and they will help you shop those rates.

746
00:36:11,600 --> 00:36:13,359
Speaker 1: It's kind of in this murky area where it's been

747
00:36:13,360 --> 00:36:15,919
Speaker 1: hard to reshop your rates online, but you can look

748
00:36:16,000 --> 00:36:19,360
Speaker 1: to someone locally who is an independent agent and you

749
00:36:19,360 --> 00:36:21,120
Speaker 1: can call them and they will help shop for you,

750
00:36:21,239 --> 00:36:23,040
Speaker 1: or you can call a company like Policy Genius and

751
00:36:23,040 --> 00:36:25,520
Speaker 1: they will help shop for you. But literally, those are

752
00:36:25,520 --> 00:36:28,319
Speaker 1: two things you can do on this coming weekend and

753
00:36:28,360 --> 00:36:31,080
Speaker 1: you can save potentially thousands of dollars a year, which

754
00:36:31,200 --> 00:36:33,080
Speaker 1: helped get your E fund started, which is another one

755
00:36:33,120 --> 00:36:35,640
Speaker 1: of those really huge things that most people don't have

756
00:36:35,680 --> 00:36:38,200
Speaker 1: that they really need. Yeah, most folks are living paycheck

757
00:36:38,239 --> 00:36:40,399
Speaker 1: to paycheck, right, Like regardless if I mean, you might

758
00:36:40,480 --> 00:36:43,279
Speaker 1: making six figures, but the same folks who are making

759
00:36:43,280 --> 00:36:45,120
Speaker 1: six figures a lot of times are living paycheck to

760
00:36:45,120 --> 00:36:48,239
Speaker 1: paycheck because they've just inflated their lifestyle as well. Right,

761
00:36:48,280 --> 00:36:51,080
Speaker 1: And so you know, there's been studies. There's a new

762
00:36:51,080 --> 00:36:53,120
Speaker 1: study out that says that if you can set aside

763
00:36:53,400 --> 00:36:56,520
Speaker 1: two four hundred and sixty seven dollars like that number

764
00:36:56,560 --> 00:37:00,839
Speaker 1: specifically seems to have a massive impact across the on

765
00:37:01,200 --> 00:37:04,160
Speaker 1: for individuals to be able to just to be able

766
00:37:04,160 --> 00:37:07,799
Speaker 1: to handle sort of these unforeseen emergencies that come up.

767
00:37:08,040 --> 00:37:10,520
Speaker 1: And so anytime you can, you know, get a little

768
00:37:10,520 --> 00:37:12,160
Speaker 1: more margin in your in your life. We had an

769
00:37:12,160 --> 00:37:15,240
Speaker 1: episode earlier this year about margin time margin, but also

770
00:37:15,440 --> 00:37:18,399
Speaker 1: you know margin when it comes to your money, you're

771
00:37:18,400 --> 00:37:22,200
Speaker 1: going to be in just such such a better place. Right,

772
00:37:22,239 --> 00:37:24,400
Speaker 1: You're gonna have so much more confidence. You're gonna be

773
00:37:24,400 --> 00:37:27,200
Speaker 1: able to make decisions without the fear that you're gonna,

774
00:37:27,600 --> 00:37:30,319
Speaker 1: you know, have your card declined or bounce a check,

775
00:37:30,800 --> 00:37:33,440
Speaker 1: that sort of thing. And Yeah, so, like Joel said,

776
00:37:34,320 --> 00:37:36,520
Speaker 1: shopping your insurance and then taking that money, putting that

777
00:37:36,600 --> 00:37:40,640
Speaker 1: into making sure that you have a funded emergency fund.

778
00:37:41,120 --> 00:37:43,600
Speaker 1: Those those, just a few of those things can can

779
00:37:43,640 --> 00:37:46,279
Speaker 1: go a long way in helping individuals to feel better

780
00:37:46,280 --> 00:37:49,719
Speaker 1: about their personal finances. I love it. I do not

781
00:37:49,760 --> 00:37:52,200
Speaker 1: want to end this episode without talking a little bit

782
00:37:52,239 --> 00:37:55,279
Speaker 1: about kids and allowances and how you guys handled that,

783
00:37:55,360 --> 00:37:59,000
Speaker 1: because I personally don't feel like I have that well

784
00:37:59,000 --> 00:38:01,560
Speaker 1: figured out as a how to best teach my children

785
00:38:01,560 --> 00:38:04,680
Speaker 1: about money. And my little backstory is that I honestly

786
00:38:04,719 --> 00:38:08,360
Speaker 1: feel like I am only becoming wise about money in

787
00:38:08,360 --> 00:38:10,839
Speaker 1: the last couple of years, and I'm going to turn

788
00:38:10,880 --> 00:38:13,320
Speaker 1: forty this year, so I would like my children to

789
00:38:14,560 --> 00:38:17,680
Speaker 1: learn before that. So what are your best strategies for

790
00:38:17,760 --> 00:38:20,440
Speaker 1: helping kids learn the value of money and how to

791
00:38:20,480 --> 00:38:23,480
Speaker 1: manage it? Yeah, I think making it kind of more.

792
00:38:23,960 --> 00:38:26,360
Speaker 1: This might sound freaky to people, like like in everyday

793
00:38:26,400 --> 00:38:29,640
Speaker 1: conversation thing where it's just in the little things I

794
00:38:29,640 --> 00:38:32,359
Speaker 1: think bringing it up or and my girls just tend

795
00:38:32,400 --> 00:38:34,480
Speaker 1: to ask me about it. I don't know whether it's

796
00:38:34,480 --> 00:38:36,600
Speaker 1: just because I talk about it way too much or not,

797
00:38:37,360 --> 00:38:39,319
Speaker 1: but yeah, I think there's all sorts of just like

798
00:38:39,400 --> 00:38:42,279
Speaker 1: little conversations you can have and be open about how

799
00:38:42,280 --> 00:38:44,360
Speaker 1: you're spending your money and what you're prioritizing in Like,

800
00:38:44,400 --> 00:38:46,360
Speaker 1: for instance, there's a we're going on a trip to

801
00:38:46,400 --> 00:38:49,000
Speaker 1: Disney coming up next month, which not my idea, but

802
00:38:49,040 --> 00:38:52,080
Speaker 1: we're doing it, and I'm really excited to see the

803
00:38:52,120 --> 00:38:54,680
Speaker 1: looks on my girl's faces. But my wife and I

804
00:38:54,760 --> 00:38:56,520
Speaker 1: were talking about, oh my gosh, they're going to want

805
00:38:56,520 --> 00:38:58,759
Speaker 1: to spend so much money, they're going to be so

806
00:38:59,040 --> 00:39:00,919
Speaker 1: into it, and I just have to say no, no,

807
00:39:00,920 --> 00:39:03,480
Speaker 1: no the whole time. And that was a little bit depressing,

808
00:39:03,480 --> 00:39:05,239
Speaker 1: and so, Okay, how do we start talking about that

809
00:39:05,280 --> 00:39:07,520
Speaker 1: with them now? And one thing that we did is

810
00:39:07,800 --> 00:39:10,879
Speaker 1: we had a little like hot chocolate stand at our

811
00:39:11,040 --> 00:39:13,840
Speaker 1: at our house, and so teaching my daughter about how

812
00:39:14,120 --> 00:39:16,879
Speaker 1: she can work in order to make money and then

813
00:39:16,960 --> 00:39:19,000
Speaker 1: how that money is going to go towards the things

814
00:39:19,000 --> 00:39:21,080
Speaker 1: that she wants to buy. When we're at Disney, and

815
00:39:21,120 --> 00:39:23,520
Speaker 1: obviously we'll contribute some of the money to you know,

816
00:39:23,560 --> 00:39:25,960
Speaker 1: she didn't make hundreds of dollars at this say, I say,

817
00:39:25,960 --> 00:39:28,280
Speaker 1: that probably didn't go quite far enough to cover Disney.

818
00:39:28,280 --> 00:39:35,240
Speaker 1: But but it's it's that correlation. It's more than anything,

819
00:39:35,280 --> 00:39:39,200
Speaker 1: helping our kids understand that when they will do some work,

820
00:39:39,480 --> 00:39:43,400
Speaker 1: it can correlate to income, which can correlate to funding

821
00:39:43,440 --> 00:39:46,600
Speaker 1: the things that they ultimately want. And so, yeah, another

822
00:39:46,640 --> 00:39:48,680
Speaker 1: thing like we would for a while, we took my

823
00:39:48,800 --> 00:39:51,200
Speaker 1: kids to the dollar store and they would buy like

824
00:39:51,280 --> 00:39:53,160
Speaker 1: the cheapest stuff and it would break so quickly, and

825
00:39:53,160 --> 00:39:55,759
Speaker 1: so we stopped doing that because it was just, hey,

826
00:39:55,800 --> 00:39:58,400
Speaker 1: let's talk about more long term things that you're interested

827
00:39:58,440 --> 00:40:00,399
Speaker 1: in and planning ahead for this Disney tr and then

828
00:40:00,400 --> 00:40:03,520
Speaker 1: actually taking some action to do some work in order

829
00:40:03,560 --> 00:40:06,399
Speaker 1: to help them raise money to plan for it. Yeah,

830
00:40:06,440 --> 00:40:08,600
Speaker 1: that was kind of one way we're able to talk

831
00:40:08,640 --> 00:40:11,759
Speaker 1: about it and just try to, yeah, help help them

832
00:40:11,800 --> 00:40:13,520
Speaker 1: make that correlation, because I think, more than anything, you

833
00:40:13,560 --> 00:40:15,560
Speaker 1: want your kids to understand that, and I think sometimes

834
00:40:15,600 --> 00:40:17,520
Speaker 1: allowances can get in the way of that because it's

835
00:40:17,560 --> 00:40:20,200
Speaker 1: just handing a kid money, and when you do that,

836
00:40:20,719 --> 00:40:23,759
Speaker 1: then I think you're not helping your kid make that

837
00:40:23,800 --> 00:40:26,279
Speaker 1: correlation that's so important for the rest of their lives

838
00:40:26,280 --> 00:40:28,120
Speaker 1: because that's how they end up getting money for the

839
00:40:28,120 --> 00:40:31,319
Speaker 1: rest of their lives, is through the work that they do. Yeah, totally, Yeah,

840
00:40:31,360 --> 00:40:33,360
Speaker 1: we don't do allowances as well. I think for for

841
00:40:33,480 --> 00:40:36,880
Speaker 1: kids our age, making that connection between work and money,

842
00:40:36,960 --> 00:40:39,560
Speaker 1: like that's the number one goal. And then over time

843
00:40:39,600 --> 00:40:41,920
Speaker 1: you can kind of take it to you know, as

844
00:40:42,000 --> 00:40:44,680
Speaker 1: kids get older, then I think you can tackle the

845
00:40:44,680 --> 00:40:47,239
Speaker 1: subjects of like investing right and so like, hey, if

846
00:40:47,280 --> 00:40:49,840
Speaker 1: you leave your money in you know, the bank of Daddy,

847
00:40:50,640 --> 00:40:53,120
Speaker 1: well you will earn this much money every month, and

848
00:40:53,680 --> 00:40:55,800
Speaker 1: helping them to see that, right. So that's a concept

849
00:40:55,840 --> 00:40:58,040
Speaker 1: I think is pretty difficult with a six year old,

850
00:40:58,400 --> 00:41:00,560
Speaker 1: but maybe with a ten year old or a twelve

851
00:41:00,640 --> 00:41:02,520
Speaker 1: year old, that's definitely something that they should be able

852
00:41:02,600 --> 00:41:05,279
Speaker 1: to grasp. And I think actually doing it like that,

853
00:41:05,760 --> 00:41:08,160
Speaker 1: like doing it yourself and not going with an you know,

854
00:41:08,239 --> 00:41:10,480
Speaker 1: an actual bank, because banks they have all you know,

855
00:41:10,480 --> 00:41:12,600
Speaker 1: they've got the different accounts for kids, and they do

856
00:41:12,640 --> 00:41:15,480
Speaker 1: pay a higher interest, but it's still so small and

857
00:41:15,560 --> 00:41:22,600
Speaker 1: so it's not very exciting to get exactly and so

858
00:41:23,080 --> 00:41:26,200
Speaker 1: doing that yourself to where maybe you're even matching, you know,

859
00:41:26,320 --> 00:41:28,000
Speaker 1: like a more of like a four to one k style.

860
00:41:28,360 --> 00:41:31,920
Speaker 1: But anyway that you can take some of these principles

861
00:41:31,920 --> 00:41:33,759
Speaker 1: that we experience in our day to day lives, you know,

862
00:41:33,800 --> 00:41:36,319
Speaker 1: out in the real world and start implementing them at

863
00:41:36,320 --> 00:41:38,600
Speaker 1: home is going to be a tremendous help for them

864
00:41:38,640 --> 00:41:40,799
Speaker 1: to understand this concept so that when the time does

865
00:41:40,840 --> 00:41:44,000
Speaker 1: come for them to enroll in employer you know, sponsored

866
00:41:44,080 --> 00:41:46,319
Speaker 1: retirement plan, they're like, oh, just like just like we

867
00:41:46,360 --> 00:41:49,800
Speaker 1: did with ours exactly, Just like with my first car,

868
00:41:50,040 --> 00:41:52,960
Speaker 1: every dollar I put a side towards saving for that vehicle.

869
00:41:53,040 --> 00:41:54,720
Speaker 1: That's what Mom and Dad they you know, they matched

870
00:41:54,760 --> 00:41:57,759
Speaker 1: it dollar for dollar. So again that's hard to do

871
00:41:57,920 --> 00:42:00,319
Speaker 1: with with kids our age, But for me, I think

872
00:42:00,320 --> 00:42:03,239
Speaker 1: one of the most difficult things has been distinguishing the

873
00:42:03,239 --> 00:42:05,879
Speaker 1: difference between chores that we do at home because you're

874
00:42:05,920 --> 00:42:10,400
Speaker 1: part of the family versus jobs and that you know,

875
00:42:10,520 --> 00:42:12,840
Speaker 1: that's just like Joel said that it's an ongoing conversation

876
00:42:12,920 --> 00:42:17,440
Speaker 1: where we're basically constantly being asked like if I do this,

877
00:42:17,560 --> 00:42:20,120
Speaker 1: do I get paid? And it's like okay, quick, huddle, Kate,

878
00:42:21,000 --> 00:42:23,360
Speaker 1: what do you think about this? Exactly and so a

879
00:42:23,400 --> 00:42:25,200
Speaker 1: lot of these things we haven't thought through and so

880
00:42:25,440 --> 00:42:27,680
Speaker 1: it's it just requires communication and making sure that we

881
00:42:27,719 --> 00:42:30,120
Speaker 1: stick with it. Yeah, what about the tough questions though?

882
00:42:30,120 --> 00:42:31,399
Speaker 1: I mean, I don't know if your kids are old

883
00:42:31,480 --> 00:42:33,759
Speaker 1: enough to be asking things like what do you make?

884
00:42:34,760 --> 00:42:37,879
Speaker 1: You know? Or are are we rich? There's one? Yeah,

885
00:42:38,840 --> 00:42:42,319
Speaker 1: so how do you how do you answer things like that? Well,

886
00:42:42,440 --> 00:42:44,640
Speaker 1: I mean, so that's not a question that my kids

887
00:42:44,680 --> 00:42:47,680
Speaker 1: have asked, I guess or not not not yet. But

888
00:42:48,000 --> 00:42:49,640
Speaker 1: I think if they were to ask that, I would

889
00:42:49,680 --> 00:42:52,960
Speaker 1: say that like like or even specific to like if

890
00:42:53,000 --> 00:42:54,759
Speaker 1: they're asking how much, like how much money do you make?

891
00:42:54,880 --> 00:42:57,160
Speaker 1: Or diving more into the specifics like I don't think

892
00:42:57,200 --> 00:42:59,880
Speaker 1: a lot of that is super important, and for me,

893
00:43:00,000 --> 00:43:02,560
Speaker 1: at least, I don't think I'm going to communicate that

894
00:43:02,640 --> 00:43:04,880
Speaker 1: to them. I think what's important, at least at this age,

895
00:43:05,080 --> 00:43:08,360
Speaker 1: is to explain to them that we you know, that

896
00:43:08,400 --> 00:43:10,319
Speaker 1: we have enough. I guess I want to make sure

897
00:43:10,320 --> 00:43:13,440
Speaker 1: that we instill financial security and that the moves that

898
00:43:13,480 --> 00:43:15,959
Speaker 1: we're making and the the decisions that we make are

899
00:43:16,160 --> 00:43:19,120
Speaker 1: leading to us, you know, not having to worry about money,

900
00:43:19,400 --> 00:43:21,719
Speaker 1: because we do want the money conversations that we have

901
00:43:21,800 --> 00:43:24,840
Speaker 1: around the home to not be you know, laden with stress.

902
00:43:25,080 --> 00:43:26,600
Speaker 1: And so I think that's a lot of times why

903
00:43:26,680 --> 00:43:29,239
Speaker 1: people don't talk about money when they get you know,

904
00:43:29,520 --> 00:43:32,080
Speaker 1: they have a significant other, they've got a partner, it's

905
00:43:32,239 --> 00:43:33,600
Speaker 1: one of the last things that they want to talk

906
00:43:33,600 --> 00:43:36,080
Speaker 1: about because a lot of times there's so much baggage

907
00:43:36,120 --> 00:43:40,040
Speaker 1: that comes with, you know, the subject of money. I wonder,

908
00:43:40,239 --> 00:43:42,600
Speaker 1: you know, I'm just thinking about my own childhood and

909
00:43:42,920 --> 00:43:46,400
Speaker 1: my parents were very frugal, but they never shared any details.

910
00:43:46,480 --> 00:43:48,800
Speaker 1: And I don't think you necessarily need to share hard numbers,

911
00:43:48,800 --> 00:43:50,160
Speaker 1: but I think what I might make an effort to

912
00:43:50,200 --> 00:43:53,239
Speaker 1: do is to share percentages, like show my kids' piagraphs

913
00:43:53,239 --> 00:43:55,520
Speaker 1: of like, Okay, this is percentage that we're saving. This

914
00:43:55,560 --> 00:43:57,239
Speaker 1: is what we're saving for retirement, this is what we're

915
00:43:57,280 --> 00:44:00,360
Speaker 1: saving for your college, this is what we're spending. And

916
00:44:00,400 --> 00:44:02,320
Speaker 1: then it would get a sense that like that's normal,

917
00:44:02,640 --> 00:44:04,319
Speaker 1: because I kind of had this vague idea that it

918
00:44:04,360 --> 00:44:09,440
Speaker 1: was happening, but not really any scale to it. Oh,

919
00:44:09,440 --> 00:44:12,080
Speaker 1: they're saving, but like what does that mean? Five twenty percent, forty?

920
00:44:12,280 --> 00:44:14,520
Speaker 1: Like I think I think when kids are old enough

921
00:44:14,560 --> 00:44:16,960
Speaker 1: to grasp percentages, I'm going to try to go that route. Yeah.

922
00:44:17,000 --> 00:44:20,480
Speaker 1: I think that's especially we've talked about that on the show.

923
00:44:20,520 --> 00:44:22,600
Speaker 1: When you're talking with your friends, it can be really

924
00:44:22,680 --> 00:44:25,839
Speaker 1: awkward because you know, you might make fifty thousand dollars

925
00:44:25,840 --> 00:44:27,760
Speaker 1: a year and your friend might make eighty five, and

926
00:44:27,800 --> 00:44:29,279
Speaker 1: then you're like, well, how much are you contributing to

927
00:44:29,320 --> 00:44:30,719
Speaker 1: your four to one k? And if they're saying ten

928
00:44:30,760 --> 00:44:32,440
Speaker 1: and you're like, well, I can't afford to do that,

929
00:44:32,440 --> 00:44:36,279
Speaker 1: that keeping the conversation centered around percentages can make it

930
00:44:36,320 --> 00:44:38,520
Speaker 1: a whole lot easier and more effective because you're like, oh,

931
00:44:38,560 --> 00:44:41,319
Speaker 1: I'm saving ten percent and I'm getting this match. And

932
00:44:41,400 --> 00:44:44,160
Speaker 1: so I think, yeah, if you talk in percentages with

933
00:44:44,200 --> 00:44:46,359
Speaker 1: your kids, it can be a big help and help

934
00:44:46,400 --> 00:44:48,839
Speaker 1: them to understand as opposed to big numbers. And then

935
00:44:48,840 --> 00:44:51,120
Speaker 1: I think two, when you're talking about Laura in particular,

936
00:44:51,200 --> 00:44:54,399
Speaker 1: that question of are your kids rich or are we rich?

937
00:44:54,480 --> 00:44:57,040
Speaker 1: That's such a big question that kids have, and I

938
00:44:57,080 --> 00:44:59,800
Speaker 1: think it's really important, like Matt said, to communicate that

939
00:44:59,840 --> 00:45:02,000
Speaker 1: we a financially secure, But on the other side, it

940
00:45:02,040 --> 00:45:04,799
Speaker 1: is important to kind of talk about how we are

941
00:45:04,840 --> 00:45:07,799
Speaker 1: wealthy and we live in a wealthy country and what

942
00:45:07,840 --> 00:45:10,600
Speaker 1: do we need to do well. I think with that knowledge,

943
00:45:10,640 --> 00:45:14,520
Speaker 1: we have to prioritize service and caring for others that

944
00:45:14,600 --> 00:45:16,680
Speaker 1: don't have as much. And I think that also is

945
00:45:16,719 --> 00:45:19,719
Speaker 1: a really really important thing to communicate to your kids.

946
00:45:19,760 --> 00:45:21,920
Speaker 1: And so much of that is by doing and not

947
00:45:22,000 --> 00:45:23,560
Speaker 1: just by talking. And so if you can lead your

948
00:45:23,640 --> 00:45:26,040
Speaker 1: kids in service to others and show them that this

949
00:45:26,080 --> 00:45:27,640
Speaker 1: is what we do when we have enough, is that

950
00:45:27,680 --> 00:45:30,120
Speaker 1: we care for others. That to me, that's a huge

951
00:45:30,160 --> 00:45:32,080
Speaker 1: part of teaching my kids how to handle money well.

952
00:45:33,400 --> 00:45:35,879
Speaker 1: I love it, love it well. We always end our

953
00:45:35,920 --> 00:45:38,400
Speaker 1: episodes with what we call our love of the week,

954
00:45:38,719 --> 00:45:42,720
Speaker 1: which is something that is making our life awesome right now.

955
00:45:43,280 --> 00:45:46,600
Speaker 1: So Sarah and I could go first, if we want

956
00:45:46,640 --> 00:45:49,080
Speaker 1: to give you a second to think about it. I

957
00:45:49,120 --> 00:45:51,080
Speaker 1: can't even find my notes, though, Sarah, what did you

958
00:45:51,160 --> 00:45:54,000
Speaker 1: have for this with mine? Mine was a book this time,

959
00:45:54,000 --> 00:45:57,760
Speaker 1: which I frually obtained through our library system. It's called

960
00:45:57,920 --> 00:46:01,319
Speaker 1: Selene by Peter Heller, and like many of the books

961
00:46:01,360 --> 00:46:03,399
Speaker 1: I read, I got the recommendation from the Modern Missus

962
00:46:03,480 --> 00:46:06,200
Speaker 1: Darcy podcast. I love her and this book was just

963
00:46:06,320 --> 00:46:09,359
Speaker 1: it is so quiet yet so good. The characters were

964
00:46:09,360 --> 00:46:11,120
Speaker 1: just like delicious, like I want to read it again,

965
00:46:11,160 --> 00:46:13,760
Speaker 1: and I never want to read things again, so shout

966
00:46:13,760 --> 00:46:17,320
Speaker 1: out to Selene quiet. So mine is I'll go similarly

967
00:46:17,400 --> 00:46:20,160
Speaker 1: with that. I have enjoyed been enjoying checking out like

968
00:46:20,719 --> 00:46:24,520
Speaker 1: photography and art books from the library, because I mean,

969
00:46:24,560 --> 00:46:26,920
Speaker 1: these things are ridiculously expensive if you're buying them the

970
00:46:26,920 --> 00:46:29,520
Speaker 1: coffee table books and you only look through them once

971
00:46:29,600 --> 00:46:32,400
Speaker 1: and then they're kind of sitting there on your coffee

972
00:46:32,400 --> 00:46:36,040
Speaker 1: table for a year until you think to put them away.

973
00:46:36,320 --> 00:46:38,920
Speaker 1: So get them from the library and then you can

974
00:46:38,920 --> 00:46:42,759
Speaker 1: look at this beautiful photography and not actually have to

975
00:46:43,400 --> 00:46:46,440
Speaker 1: show out the cash that would require for these fancy

976
00:46:46,520 --> 00:46:49,360
Speaker 1: art books. Nice. I like it. Great, Yeah, so okay,

977
00:46:49,400 --> 00:46:51,719
Speaker 1: are we gonna I'm gonna triple down here library. But

978
00:46:52,360 --> 00:46:54,680
Speaker 1: it's I think for a lot of people, listening to

979
00:46:54,840 --> 00:46:57,520
Speaker 1: audiobooks is something they really want to do, but they

980
00:46:57,520 --> 00:47:00,560
Speaker 1: don't think about how they can get audiobooks for the

981
00:47:00,640 --> 00:47:03,279
Speaker 1: Libby app is like my favorite thing. And I've been

982
00:47:03,280 --> 00:47:06,959
Speaker 1: listening to the Harry Potter series on on the Libby

983
00:47:06,960 --> 00:47:10,359
Speaker 1: app because I've never read the books, shame shamefully, oh

984
00:47:10,400 --> 00:47:12,360
Speaker 1: my gosh. And the guy who does the voice narration

985
00:47:12,800 --> 00:47:16,680
Speaker 1: is incredible. He does every single voice differently, and so

986
00:47:16,920 --> 00:47:19,520
Speaker 1: Jim Dale, yeah, Jim Dale, He's oh yeah, am Man.

987
00:47:19,840 --> 00:47:22,160
Speaker 1: And I love those audiobooks. Yes, so I've been listening

988
00:47:22,239 --> 00:47:23,920
Speaker 1: to those on the Libby app for free. And if

989
00:47:23,960 --> 00:47:26,960
Speaker 1: you think about, like how much subscription to something like

990
00:47:27,000 --> 00:47:31,279
Speaker 1: Audible costs, man, Libby trounces Audible for value when it

991
00:47:31,280 --> 00:47:32,880
Speaker 1: comes to value for sure. Totally for free, I mean,

992
00:47:32,880 --> 00:47:34,799
Speaker 1: and you can get e books as well. I mean,

993
00:47:34,800 --> 00:47:37,120
Speaker 1: so we use Libby and get books like you pull

994
00:47:37,120 --> 00:47:38,520
Speaker 1: them up on your phone, send them to your kindle

995
00:47:38,640 --> 00:47:40,960
Speaker 1: or send them to the iPad. And yeah, we've totally

996
00:47:40,960 --> 00:47:44,760
Speaker 1: been ripping through what we've been reading, uh Nathan, great

997
00:47:45,000 --> 00:47:49,120
Speaker 1: and magical Treehouse, Magic tree House. Yes, so we've been

998
00:47:49,160 --> 00:47:52,719
Speaker 1: ripping through those left and right. But can read those fast, right,

999
00:47:53,880 --> 00:47:56,600
Speaker 1: that's probably feel good about myself. I'm like, I read

1000
00:47:56,640 --> 00:47:59,959
Speaker 1: three books. Yeah, it's to read to read three books,

1001
00:48:00,239 --> 00:48:05,439
Speaker 1: and he's hitting it. So that's okay, we're reading about Yes,

1002
00:48:06,160 --> 00:48:08,520
Speaker 1: So my favorite thing of the week, my love of

1003
00:48:08,520 --> 00:48:10,480
Speaker 1: the week. I will say I've mentioned this all the

1004
00:48:10,520 --> 00:48:12,719
Speaker 1: time on our podcast, but Aldi, I don't know if

1005
00:48:12,719 --> 00:48:15,600
Speaker 1: you have all these where you live. Obviously this is

1006
00:48:15,640 --> 00:48:18,160
Speaker 1: money related. I mean, we save a ton of money

1007
00:48:18,360 --> 00:48:20,560
Speaker 1: by going there. We save a ton of money on groceries.

1008
00:48:20,600 --> 00:48:24,920
Speaker 1: Kate's able to feed our family of six now for crazy,

1009
00:48:25,080 --> 00:48:27,200
Speaker 1: crazy cheap. She's an amazing cook. You've got some good

1010
00:48:27,200 --> 00:48:29,120
Speaker 1: looking houseplants from all these Yes, that's what I want

1011
00:48:29,160 --> 00:48:33,919
Speaker 1: to say. Yeah, they recently had some houseplants and they

1012
00:48:34,080 --> 00:48:37,400
Speaker 1: are beautiful, Like we walked in there and they're all

1013
00:48:37,400 --> 00:48:40,200
Speaker 1: different kinds, so there's it's an incredible variety. They look

1014
00:48:40,880 --> 00:48:43,160
Speaker 1: so healthy, and a couple of them are like almost

1015
00:48:43,160 --> 00:48:45,520
Speaker 1: four feet tall. Like these aren't tiny little plants. These

1016
00:48:45,560 --> 00:48:49,080
Speaker 1: are legit, nice, big old houseplants. And Kate's really been

1017
00:48:49,120 --> 00:48:51,560
Speaker 1: getting into It's like she's a houseplant lady now, Like

1018
00:48:52,000 --> 00:48:55,120
Speaker 1: we don't have cats, Like it's the houseplants and they're

1019
00:48:55,120 --> 00:48:57,280
Speaker 1: all over the house now. And so for us to score,

1020
00:48:57,400 --> 00:48:59,960
Speaker 1: we got five of them and there were only thirteen bucks,

1021
00:49:00,400 --> 00:49:02,880
Speaker 1: which normally this is like a little splurge, like we

1022
00:49:02,880 --> 00:49:04,600
Speaker 1: don't go in and just like drop all this money.

1023
00:49:04,680 --> 00:49:06,920
Speaker 1: But it's only thirteen bucks. And these plants are amazing

1024
00:49:06,920 --> 00:49:09,239
Speaker 1: and they're beautiful and they make our house just a

1025
00:49:09,239 --> 00:49:12,960
Speaker 1: better place. Jungly. Yeah, yeah, more judging I am vowing

1026
00:49:13,080 --> 00:49:15,960
Speaker 1: right now. I have been intrigued by Aldi for some time.

1027
00:49:16,000 --> 00:49:18,040
Speaker 1: There is one on my way home from work, like

1028
00:49:18,080 --> 00:49:20,640
Speaker 1: between my work and my house, it's like ten minutes away.

1029
00:49:20,800 --> 00:49:22,799
Speaker 1: I actually never gone in there, and I've heard they

1030
00:49:22,800 --> 00:49:25,000
Speaker 1: have a lot of like good organic stuff too, like

1031
00:49:25,200 --> 00:49:27,759
Speaker 1: because we're definitely very health conscious. But that's great. We

1032
00:49:27,760 --> 00:49:30,719
Speaker 1: buy them Organs motivated for sure. Yeah. The thing is

1033
00:49:30,719 --> 00:49:32,959
Speaker 1: with al THEI is you have to pay for your cart,

1034
00:49:33,120 --> 00:49:34,959
Speaker 1: like you you pop the quarter in, So that's something

1035
00:49:34,960 --> 00:49:37,600
Speaker 1: that kind of wears people out. And if you want

1036
00:49:37,600 --> 00:49:38,919
Speaker 1: to buy a bag or if you want a bag,

1037
00:49:38,960 --> 00:49:40,120
Speaker 1: you have to pay for it as well. So just

1038
00:49:40,120 --> 00:49:41,840
Speaker 1: go and yeah, we bring bags anywhere you go, So

1039
00:49:41,920 --> 00:49:43,720
Speaker 1: take your bag in there, put everything in the bag,

1040
00:49:44,160 --> 00:49:46,360
Speaker 1: and just know that you're gonna have fewer options. But

1041
00:49:46,360 --> 00:49:48,120
Speaker 1: what that means is just fewer decisions that you have

1042
00:49:48,200 --> 00:49:51,080
Speaker 1: to make, less decision fatigue. Well, I might be the

1043
00:49:51,120 --> 00:49:53,080
Speaker 1: kind of person that buys like half my grocer's there

1044
00:49:53,120 --> 00:49:55,840
Speaker 1: and the other habit whole foods because it's like balance perfect.

1045
00:49:55,840 --> 00:49:57,239
Speaker 1: It all comes out in the wash. It sort of

1046
00:49:57,600 --> 00:50:00,840
Speaker 1: averages into a good number. Well, thank you guys so

1047
00:50:00,920 --> 00:50:03,719
Speaker 1: much for coming on. We really appreciate it. Yeah, thanks

1048
00:50:03,719 --> 00:50:05,040
Speaker 1: for having us. This is a blast. This has been

1049
00:50:05,080 --> 00:50:10,239
Speaker 1: so much fun. We appreciate the invite. Thank you guys. Well,

1050
00:50:10,239 --> 00:50:13,800
Speaker 1: that was great and now we have our listener question section.

1051
00:50:14,680 --> 00:50:18,839
Speaker 1: So this question was directed to Sarah and it says,

1052
00:50:18,840 --> 00:50:21,000
Speaker 1: how do you handle being the primary parent in a

1053
00:50:21,040 --> 00:50:23,279
Speaker 1: work environment where most people at the same level of

1054
00:50:23,320 --> 00:50:25,799
Speaker 1: seniority have a stay at home or work at home

1055
00:50:25,960 --> 00:50:29,839
Speaker 1: less demanding career spouse. This listener right said, I find

1056
00:50:29,840 --> 00:50:32,120
Speaker 1: that I'm virtually alone at this level of my organization

1057
00:50:32,200 --> 00:50:34,880
Speaker 1: having a spouse with an equally demanding and less flexible career.

1058
00:50:34,960 --> 00:50:37,200
Speaker 1: So she works in finance and her husband is a surgeon.

1059
00:50:37,719 --> 00:50:39,839
Speaker 1: She says, I have lots of excellent childcare and can

1060
00:50:39,880 --> 00:50:42,360
Speaker 1: do some personal stuff from work, but this doesn't fully

1061
00:50:42,400 --> 00:50:46,080
Speaker 1: equalize it. Honestly, finding role models in this arena is tough.

1062
00:50:46,440 --> 00:50:48,440
Speaker 1: I would love to hear success stories if you have

1063
00:50:48,520 --> 00:50:50,360
Speaker 1: guests that are doing it all. I recently went to

1064
00:50:50,360 --> 00:50:54,400
Speaker 1: a roundtable female professionals for college aged women interested in finance,

1065
00:50:54,440 --> 00:50:57,399
Speaker 1: and as is typical, the work life balance question came up.

1066
00:50:57,880 --> 00:51:00,320
Speaker 1: All the other women at the roundtable voice the should

1067
00:51:00,320 --> 00:51:02,040
Speaker 1: have having your spouse be the first to call parent

1068
00:51:02,120 --> 00:51:04,480
Speaker 1: and handle the home front and drop offs and pickups

1069
00:51:04,640 --> 00:51:07,959
Speaker 1: well except me. Great for showing the next generation about

1070
00:51:07,960 --> 00:51:10,120
Speaker 1: breaking gender barriers, of course, but not helpful if you

1071
00:51:10,160 --> 00:51:12,319
Speaker 1: wind up with a spouse who also loves what he

1072
00:51:12,400 --> 00:51:15,680
Speaker 1: or she does and wants to lean into the career. So, Sarah,

1073
00:51:15,840 --> 00:51:20,680
Speaker 1: as a two physician couple, what's your advice? Yeah, I mean,

1074
00:51:20,680 --> 00:51:23,640
Speaker 1: I thought this was a great question, and I definitely

1075
00:51:23,680 --> 00:51:25,359
Speaker 1: put myself in your shoes. I may not be at

1076
00:51:25,360 --> 00:51:27,799
Speaker 1: your level from a seniority perspective, it's sort of hard

1077
00:51:27,840 --> 00:51:31,400
Speaker 1: to equate finance with medicine in some ways, but I

1078
00:51:31,480 --> 00:51:34,240
Speaker 1: will say that at my particular level of leadership now

1079
00:51:34,360 --> 00:51:37,880
Speaker 1: at my institution, I have noticed a similar phenomenon. There

1080
00:51:37,880 --> 00:51:40,920
Speaker 1: are basically no women with families. I looked around at

1081
00:51:40,920 --> 00:51:43,640
Speaker 1: a recent meeting and saw a bunch of men and

1082
00:51:43,680 --> 00:51:46,520
Speaker 1: a couple of women who do not have children. And obviously,

1083
00:51:46,560 --> 00:51:48,600
Speaker 1: similarly to you, I am married to a surgeon, so

1084
00:51:49,160 --> 00:51:52,200
Speaker 1: he is not my house husband. So I feel you.

1085
00:51:53,040 --> 00:51:55,719
Speaker 1: I think we're not entirely alone. I think we're not

1086
00:51:56,040 --> 00:51:58,640
Speaker 1: vocal enough. I think this is one of the reasons

1087
00:51:58,960 --> 00:52:01,160
Speaker 1: that I wanted to start this podcast. And you know,

1088
00:52:01,239 --> 00:52:03,319
Speaker 1: that's not the only audience this podcast is for, but

1089
00:52:03,360 --> 00:52:06,640
Speaker 1: I certainly think we speak to women like you. I

1090
00:52:06,680 --> 00:52:08,960
Speaker 1: do also wonder if there's a guilt or shame component

1091
00:52:09,000 --> 00:52:11,919
Speaker 1: to why we're not more vocal. You know, I don't

1092
00:52:11,920 --> 00:52:14,120
Speaker 1: belong to a physician mommy group, which is that huge

1093
00:52:14,520 --> 00:52:18,879
Speaker 1: women's physician mothering group basically, but I wonder if there

1094
00:52:18,920 --> 00:52:21,960
Speaker 1: is a similar group for financial executives, and if there is,

1095
00:52:22,000 --> 00:52:24,600
Speaker 1: there should be some sort of spin off, like financial

1096
00:52:24,600 --> 00:52:28,200
Speaker 1: women in dual primary career households, because I cannot imagine.

1097
00:52:28,280 --> 00:52:30,080
Speaker 1: I know it's probably not common, but I don't think

1098
00:52:30,080 --> 00:52:33,000
Speaker 1: it's a never phenomenon, and especially as time goes on,

1099
00:52:33,040 --> 00:52:35,719
Speaker 1: it's going to be seen more and more. You did

1100
00:52:35,719 --> 00:52:37,880
Speaker 1: mention working with an executive coach, so I feel like

1101
00:52:38,200 --> 00:52:40,520
Speaker 1: that's probably a fantastic start. You can, you know, work

1102
00:52:40,560 --> 00:52:44,360
Speaker 1: with that person on empowering yourself and you know, figuring

1103
00:52:44,360 --> 00:52:46,840
Speaker 1: out what works. And I think you should give yourself

1104
00:52:46,880 --> 00:52:50,080
Speaker 1: some credit for being the opportunity to be for having

1105
00:52:50,080 --> 00:52:53,200
Speaker 1: the opportunity to be that dissenting voice with those college

1106
00:52:53,200 --> 00:52:56,480
Speaker 1: students who are asking that question, because even if it's

1107
00:52:56,480 --> 00:52:58,360
Speaker 1: not a solution for everyone, they need to hear what

1108
00:52:58,400 --> 00:53:01,000
Speaker 1: you have to say. So I also feel like this

1109
00:53:01,040 --> 00:53:02,839
Speaker 1: is an appropriate time to say that if you are

1110
00:53:02,880 --> 00:53:06,520
Speaker 1: listening to this podcast and the situation applies to you

1111
00:53:06,600 --> 00:53:08,239
Speaker 1: and you feel like you have something to say about

1112
00:53:08,239 --> 00:53:09,839
Speaker 1: it, it it would make a great guest let us know,

1113
00:53:09,880 --> 00:53:15,120
Speaker 1: because it sounds like your voice is very much desired. Yeah,

1114
00:53:15,160 --> 00:53:20,600
Speaker 1: this is something that I know my husband occasionally deals

1115
00:53:20,640 --> 00:53:25,400
Speaker 1: with that. A lot of the people that he works

1116
00:53:25,400 --> 00:53:30,160
Speaker 1: with have spouses or partners who are one hundred percent

1117
00:53:30,200 --> 00:53:33,560
Speaker 1: in charge of the home front. And that's great if

1118
00:53:33,640 --> 00:53:35,319
Speaker 1: you decide that that's what works for you. I mean,

1119
00:53:35,360 --> 00:53:37,239
Speaker 1: obviously I have some flexibility in my career, a lot

1120
00:53:37,280 --> 00:53:41,640
Speaker 1: more probably than a surgeon does. But it does come

1121
00:53:41,719 --> 00:53:44,960
Speaker 1: up because we have this conversation about him saying, well,

1122
00:53:44,960 --> 00:53:48,879
Speaker 1: these people will just throw time at a problem, right

1123
00:53:49,040 --> 00:53:53,960
Speaker 1: that if the client says, let's meet first thing Monday morning,

1124
00:53:54,000 --> 00:53:57,520
Speaker 1: they will leave Sunday afternoon and not think twice about it.

1125
00:53:58,080 --> 00:54:03,120
Speaker 1: If the suddenly wants to go to dinner, well, they're

1126
00:54:03,160 --> 00:54:05,800
Speaker 1: not in charge of any of the pickups or sending

1127
00:54:05,840 --> 00:54:07,960
Speaker 1: us at or home or anything like that to their

1128
00:54:08,280 --> 00:54:11,200
Speaker 1: spouse isn't traveling for work, and so they can do this,

1129
00:54:13,440 --> 00:54:17,640
Speaker 1: and so I mean, we tend not to fight about

1130
00:54:17,640 --> 00:54:19,759
Speaker 1: it so much anymore because this is just the way

1131
00:54:19,800 --> 00:54:24,000
Speaker 1: it is. Well, so what like that's I think you

1132
00:54:24,080 --> 00:54:27,399
Speaker 1: can So I'm wondering if this is also occasionally coming

1133
00:54:27,480 --> 00:54:30,640
Speaker 1: from her husband's perspective that he does have some responsibilities

1134
00:54:30,680 --> 00:54:34,160
Speaker 1: because of who she is, and that he's dealing with

1135
00:54:34,200 --> 00:54:37,200
Speaker 1: the fact that none of his colleagues have that, or

1136
00:54:37,400 --> 00:54:40,359
Speaker 1: very few of them do. And the good news is,

1137
00:54:40,400 --> 00:54:44,000
Speaker 1: I think that if you are very good at what

1138
00:54:44,040 --> 00:54:48,759
Speaker 1: you do, that's its own upside to your career, that's

1139
00:54:48,760 --> 00:54:52,120
Speaker 1: its own distinguishing thing. The ability to throw time at

1140
00:54:52,120 --> 00:54:55,600
Speaker 1: a problem is actually not that distinguishing because we all

1141
00:54:55,640 --> 00:54:59,400
Speaker 1: only have twenty four hours in a day. So I

1142
00:54:59,400 --> 00:55:02,359
Speaker 1: think you can focus on finding the niche that you

1143
00:55:02,400 --> 00:55:05,919
Speaker 1: do best for anyone who's in this situation and really

1144
00:55:06,000 --> 00:55:08,920
Speaker 1: running with that, and then just recognizing that there's some

1145
00:55:09,000 --> 00:55:11,879
Speaker 1: upsides to being in dual big career households. I mean,

1146
00:55:12,280 --> 00:55:16,200
Speaker 1: one obvious one is that you have probably two big incomes,

1147
00:55:16,480 --> 00:55:20,799
Speaker 1: which is helpful for many things in life, and you

1148
00:55:20,840 --> 00:55:25,520
Speaker 1: probably don't spend all of it on outsourcing the things

1149
00:55:25,520 --> 00:55:27,520
Speaker 1: that the two of you are not doing because you

1150
00:55:27,760 --> 00:55:32,279
Speaker 1: are both very fully engaged in your careers, and you

1151
00:55:32,280 --> 00:55:34,640
Speaker 1: can also find ways to work with the sort of

1152
00:55:34,719 --> 00:55:38,360
Speaker 1: rhythms of the careers. I mean, I don't know what

1153
00:55:38,520 --> 00:55:44,400
Speaker 1: sort of flexibility you do have with being able to

1154
00:55:44,440 --> 00:55:46,560
Speaker 1: make up some time on weekends, for instance, So on

1155
00:55:46,600 --> 00:55:49,160
Speaker 1: the weekends when your husband isn't on call, those could

1156
00:55:49,160 --> 00:55:52,799
Speaker 1: be his primary times that he is fully in charge

1157
00:55:52,800 --> 00:55:54,719
Speaker 1: of the kids except for a few family activities you

1158
00:55:54,719 --> 00:55:57,360
Speaker 1: decide to do together, and you can make up some

1159
00:55:57,480 --> 00:56:01,200
Speaker 1: time that maybe you didn't get to do over the week.

1160
00:56:01,239 --> 00:56:03,120
Speaker 1: And obviously you're not going to take out your client

1161
00:56:03,280 --> 00:56:06,680
Speaker 1: for lunch on Saturday or something like that, but there's

1162
00:56:06,680 --> 00:56:08,759
Speaker 1: probably emails you need to get to prepping for the

1163
00:56:08,800 --> 00:56:12,719
Speaker 1: week ahead in terms of planning your priorities, you know,

1164
00:56:12,880 --> 00:56:16,359
Speaker 1: maybe sending some stuff out, working on some documents, doing

1165
00:56:16,400 --> 00:56:19,319
Speaker 1: some strategic thinking about the lump big picture. So those

1166
00:56:19,360 --> 00:56:21,160
Speaker 1: are all things that maybe could be moved to the

1167
00:56:21,200 --> 00:56:25,080
Speaker 1: time when your partner does have some flexibility. All right, Well,

1168
00:56:25,080 --> 00:56:29,279
Speaker 1: this has been best of both worlds, and we've been

1169
00:56:29,360 --> 00:56:32,799
Speaker 1: talking with Joel and Matt of how to money, and

1170
00:56:32,840 --> 00:56:34,919
Speaker 1: we will be back next week with more on making

1171
00:56:34,960 --> 00:56:39,440
Speaker 1: work in life fit together. Thanks for listening. You can

1172
00:56:39,480 --> 00:56:42,960
Speaker 1: find me Sarah at the shoebox dot com or at

1173
00:56:43,080 --> 00:56:46,520
Speaker 1: the Underscore Shoebox on Instagram, and you can find me

1174
00:56:47,080 --> 00:56:50,799
Speaker 1: Laura at Laura vandercam dot com. This has been the

1175
00:56:50,840 --> 00:56:54,320
Speaker 1: best of both worlds podcasts. Please join us next time

1176
00:56:54,600 --> 00:56:57,160
Speaker 1: for more on making work and life work together.