1 00:00:00,160 --> 00:00:03,199 Speaker 1: Welcome to Had of Money. I'm Joel, I'm Att. Today 2 00:00:03,400 --> 00:00:09,640 Speaker 1: we're discussing workplace whiplash. Hybrid work is here to stay. 3 00:00:27,160 --> 00:00:29,200 Speaker 2: Yeah, we're going to be making an argument for why 4 00:00:29,200 --> 00:00:32,280 Speaker 2: we believe that hybrid workers is here to stay because essentially, 5 00:00:32,320 --> 00:00:35,240 Speaker 2: for the last hundred years, you had to go into work, 6 00:00:35,400 --> 00:00:38,240 Speaker 2: right like whether you're going to a factory, whether you're 7 00:00:38,240 --> 00:00:40,279 Speaker 2: going into an office, and even the past several days 8 00:00:40,360 --> 00:00:40,880 Speaker 2: on your fields. 9 00:00:41,000 --> 00:00:44,600 Speaker 3: Now on your fields, you gotta go out to the office. 10 00:00:45,920 --> 00:00:48,879 Speaker 2: But changes are afoots, especially as we've seen over the 11 00:00:48,880 --> 00:00:53,280 Speaker 2: past few years that has sped up and more folks 12 00:00:53,320 --> 00:00:55,720 Speaker 2: are working from home. But is it going to remain 13 00:00:55,800 --> 00:00:58,560 Speaker 2: that way? I feel like once the pandemic hit, the 14 00:00:58,640 --> 00:01:02,200 Speaker 2: cat was let out the bag. Sure, right, and everyone 15 00:01:02,240 --> 00:01:04,120 Speaker 2: knows that cats don't like going back into bags. 16 00:01:04,680 --> 00:01:06,440 Speaker 1: I think it finicky man. I've got a couple of 17 00:01:06,440 --> 00:01:09,319 Speaker 1: cats at home, and I'm amazed at how they hate 18 00:01:09,360 --> 00:01:11,320 Speaker 1: being put in bags. Right, Yeah, they don't like being 19 00:01:11,319 --> 00:01:11,600 Speaker 1: put it. 20 00:01:11,600 --> 00:01:12,160 Speaker 2: They don't like it. 21 00:01:12,200 --> 00:01:13,720 Speaker 1: I just like walk up the stairs and they still 22 00:01:13,760 --> 00:01:15,240 Speaker 1: get freaked out every time. They're like yeah, and they 23 00:01:15,319 --> 00:01:17,280 Speaker 1: run off, and I'm like, you know me by now, 24 00:01:17,520 --> 00:01:19,720 Speaker 1: I've never stepped on you. I've never kicked you, Like, 25 00:01:19,760 --> 00:01:21,479 Speaker 1: how are you still so frightened when I just walk 26 00:01:21,560 --> 00:01:21,959 Speaker 1: up the stairs? 27 00:01:22,080 --> 00:01:24,000 Speaker 2: Cats? Yeah, so we're gonna talk about that. What we 28 00:01:24,040 --> 00:01:27,800 Speaker 2: are talking about, Yeah, the working environment, and I think 29 00:01:28,040 --> 00:01:30,280 Speaker 2: for us what we think lies in the future for 30 00:01:30,400 --> 00:01:33,200 Speaker 2: different workplaces and how people can react. Let's say we're 31 00:01:33,200 --> 00:01:34,920 Speaker 2: sort of making a prediction here, I guess. 32 00:01:34,680 --> 00:01:36,560 Speaker 1: Well, and in particular some of the writings on the 33 00:01:36,560 --> 00:01:39,000 Speaker 1: wall and some of the like, we're seeing actually the 34 00:01:39,480 --> 00:01:42,720 Speaker 1: hybrid work model become the norm. But how do you 35 00:01:42,760 --> 00:01:44,839 Speaker 1: react to that if that's not the new norm you want. 36 00:01:45,080 --> 00:01:48,000 Speaker 1: We'll give our thoughts on that too. But Matt, first, 37 00:01:48,040 --> 00:01:51,680 Speaker 1: real quick, frugler cheap wearing a fishing vest on an 38 00:01:51,760 --> 00:01:54,840 Speaker 1: airplane to cram all your clothes in so you don't 39 00:01:54,880 --> 00:01:56,280 Speaker 1: have to check a bag and pay the. 40 00:01:56,840 --> 00:01:59,880 Speaker 2: Void paying those additional fees. Totally frugal. Yeah, this was 41 00:02:00,240 --> 00:02:02,320 Speaker 2: so is this It was in the Times or the journal, 42 00:02:02,880 --> 00:02:05,880 Speaker 2: Ustry Journal, and they highlighted a bunch of folks who 43 00:02:06,200 --> 00:02:08,400 Speaker 2: were doing this. And these weren't just like cheap skates. 44 00:02:08,440 --> 00:02:10,960 Speaker 2: They but profiled a few folks who, like one lady 45 00:02:11,040 --> 00:02:14,320 Speaker 2: was an attorney, which kind of surprised me. And she's 46 00:02:14,360 --> 00:02:18,920 Speaker 2: wearing like suburban dad fly fishing vests with all of 47 00:02:18,960 --> 00:02:19,799 Speaker 2: her all of her things. 48 00:02:19,840 --> 00:02:22,280 Speaker 1: Someone say they're just stylish, you know, so I totally 49 00:02:22,320 --> 00:02:24,680 Speaker 1: I do. I really do think it's a frugal move. 50 00:02:25,000 --> 00:02:26,720 Speaker 1: And like we talk about on the show. 51 00:02:26,560 --> 00:02:30,160 Speaker 2: One man or one woman's frugal as another man's or 52 00:02:30,200 --> 00:02:33,480 Speaker 2: another woman's cheat. And so I think if you want 53 00:02:33,480 --> 00:02:35,040 Speaker 2: to do that in order to not have to pay 54 00:02:35,040 --> 00:02:38,160 Speaker 2: those additional fees because you're flying with spirit and it's 55 00:02:38,200 --> 00:02:39,800 Speaker 2: gonna cost you the same amount of money that you 56 00:02:39,800 --> 00:02:42,320 Speaker 2: paid for that ticket, in order to chest or not 57 00:02:42,440 --> 00:02:44,080 Speaker 2: even to check a bag, just to bring on a 58 00:02:44,120 --> 00:02:44,520 Speaker 2: carry on. 59 00:02:44,639 --> 00:02:47,240 Speaker 1: I think Frontier go for it charges more for carry 60 00:02:47,280 --> 00:02:49,680 Speaker 1: on than it does for check bag, which is so 61 00:02:49,720 --> 00:02:51,480 Speaker 1: you have to know the fine print of all the 62 00:02:51,520 --> 00:02:53,760 Speaker 1: airlines and what they charge. And yeah, you might be 63 00:02:53,760 --> 00:02:55,639 Speaker 1: willing to jump through some hoops, including wearing a vest 64 00:02:55,680 --> 00:02:58,440 Speaker 1: or putting on extra articles of clothing to save yourself 65 00:02:58,480 --> 00:03:01,079 Speaker 1: money on a flight. I think that's just savvy, right, 66 00:03:01,080 --> 00:03:02,919 Speaker 1: that's using the rules here. So you're for it. 67 00:03:03,000 --> 00:03:04,800 Speaker 2: I'm for it. Yeah for me too, Yeah, I mean, 68 00:03:04,919 --> 00:03:08,040 Speaker 2: well not personally, so you wouldn't do it. Well, there 69 00:03:08,080 --> 00:03:11,040 Speaker 2: are more socially acceptable ways of doing this, like carrying 70 00:03:11,080 --> 00:03:13,640 Speaker 2: a backpack. You know, we both have code pass like 71 00:03:13,680 --> 00:03:16,800 Speaker 2: the smaller backpack. Yeah, twenty eight meters backpacks are awesome. Yeah, 72 00:03:16,840 --> 00:03:18,840 Speaker 2: and they get in just under the wire as far 73 00:03:18,919 --> 00:03:23,200 Speaker 2: as the dimensions dimension required for almost everybody, including including spirit. 74 00:03:23,240 --> 00:03:24,040 Speaker 2: And so you just pack light. 75 00:03:24,120 --> 00:03:26,480 Speaker 1: You're super light with the other by the way, the 76 00:03:26,520 --> 00:03:28,119 Speaker 1: other massive event real quick. 77 00:03:28,160 --> 00:03:30,560 Speaker 2: You know, we even use those bags. When we went 78 00:03:30,600 --> 00:03:33,760 Speaker 2: to Scotland, we packed a week's worth of clothing in 79 00:03:33,800 --> 00:03:35,760 Speaker 2: a backpack inside of that back exactly. Of course I 80 00:03:35,760 --> 00:03:37,880 Speaker 2: had Marina Wool on my side to be able to 81 00:03:37,880 --> 00:03:40,000 Speaker 2: fall back on. I was a touch stick here. Fine. 82 00:03:40,160 --> 00:03:42,720 Speaker 1: But the other major thing is when you check a bag, 83 00:03:42,760 --> 00:03:45,040 Speaker 1: you run the risk of losing that luggage. And so 84 00:03:45,520 --> 00:03:47,320 Speaker 1: I know there's there a credit cards any more problems. 85 00:03:47,320 --> 00:03:49,840 Speaker 1: There are credit cards that offer you know, reimbursement for 86 00:03:50,440 --> 00:03:53,040 Speaker 1: luggage stuff like that, which is which is cool, but 87 00:03:53,760 --> 00:03:55,440 Speaker 1: it doesn't mean it's not a massive hassle and that 88 00:03:55,520 --> 00:03:57,440 Speaker 1: you want, you know, you want to lose your stuff 89 00:03:57,840 --> 00:04:00,200 Speaker 1: like that. That is the whole reason for me to 90 00:04:00,200 --> 00:04:02,200 Speaker 1: not check a bag. I think it's convenience and I 91 00:04:02,240 --> 00:04:04,840 Speaker 1: think it's not having to go through the annoyance of 92 00:04:04,920 --> 00:04:08,360 Speaker 1: potentially your luggage being delayed or not being there when 93 00:04:08,400 --> 00:04:11,240 Speaker 1: you arrive. So I'm all for I don't know the 94 00:04:11,320 --> 00:04:13,240 Speaker 1: last time I've checked a bag. It's it's probably been 95 00:04:13,280 --> 00:04:15,000 Speaker 1: like twenty years man, So. 96 00:04:15,400 --> 00:04:17,360 Speaker 2: I like this. I like this siment. When you and 97 00:04:17,440 --> 00:04:20,640 Speaker 2: Emily went to France like ten years ago or something 98 00:04:20,720 --> 00:04:22,719 Speaker 2: like that, you check because you came back with beer. 99 00:04:22,839 --> 00:04:23,159 Speaker 2: I did. 100 00:04:23,240 --> 00:04:25,280 Speaker 1: Yeah, that is one reason that was working that I 101 00:04:25,360 --> 00:04:27,640 Speaker 1: can see right. My trip to Amsterdam was worth a 102 00:04:27,839 --> 00:04:29,920 Speaker 1: worth bringing back beer. There you go brought thirty seven 103 00:04:29,920 --> 00:04:34,120 Speaker 1: beers back because it's basically like that massively discounted way 104 00:04:34,160 --> 00:04:34,640 Speaker 1: of shippings. 105 00:04:34,640 --> 00:04:36,400 Speaker 2: The only way you can get your hands on some 106 00:04:36,440 --> 00:04:39,359 Speaker 2: of those European beers. As exactly what other argument for 107 00:04:39,839 --> 00:04:43,400 Speaker 2: wearing all of your clothes onto the plane via a 108 00:04:43,440 --> 00:04:46,159 Speaker 2: fly fishing vest? Is it just faster, like not having 109 00:04:46,160 --> 00:04:48,719 Speaker 2: to deal with a carry on in your role, Like 110 00:04:48,760 --> 00:04:51,599 Speaker 2: imagine someone just walking down the aisle with no bag 111 00:04:51,680 --> 00:04:54,479 Speaker 2: in tow versus somebody who has on a vest. It's 112 00:04:55,000 --> 00:04:57,400 Speaker 2: like that times. However, many hundred people are on a 113 00:04:57,440 --> 00:04:59,719 Speaker 2: flight like that just means you like things happen faster, 114 00:04:59,800 --> 00:05:01,440 Speaker 2: and everybody just wants to be able to get to 115 00:05:01,480 --> 00:05:03,920 Speaker 2: their destination faster. That's what I think. That's a great, 116 00:05:04,040 --> 00:05:05,920 Speaker 2: great argument. So I love about the backpacks too. Yeah, 117 00:05:06,040 --> 00:05:07,680 Speaker 2: just so simp similar, so easy, exactly. 118 00:05:07,720 --> 00:05:09,200 Speaker 1: All right, let's move on, Mat. Let's mention the beer 119 00:05:09,240 --> 00:05:12,440 Speaker 1: we're having on this episode. It's called, and I'm gonna 120 00:05:12,480 --> 00:05:14,720 Speaker 1: laugh when I say this is called a quite ostentatious 121 00:05:14,760 --> 00:05:17,520 Speaker 1: testimony of non sequitur by Burial Brewing. 122 00:05:17,560 --> 00:05:20,760 Speaker 2: Of course, Yeah, they've got the weirdest names of all time. 123 00:05:20,880 --> 00:05:22,320 Speaker 2: And I will say it's like they just. 124 00:05:22,279 --> 00:05:24,320 Speaker 1: Like looked in the dictionary and pick random big words. Well, 125 00:05:24,320 --> 00:05:25,600 Speaker 1: if you actually read the words to. 126 00:05:25,720 --> 00:05:29,120 Speaker 2: A quite ostentageous I can't even say it ostentatious testimony 127 00:05:29,160 --> 00:05:32,799 Speaker 2: of non sequitor. They are literally doing that with this, yeah, 128 00:05:33,040 --> 00:05:35,240 Speaker 2: with this title. But I'm excited for this one because 129 00:05:35,240 --> 00:05:37,120 Speaker 2: we're kind of shifting gears and drinking some of the 130 00:05:38,040 --> 00:05:40,600 Speaker 2: some of these stouts from Burial as well. We wanted 131 00:05:40,640 --> 00:05:43,840 Speaker 2: to drink all those I pas and this most definitely 132 00:05:43,960 --> 00:05:47,040 Speaker 2: is a big boys stout. Looking forward to enjoying it 133 00:05:47,200 --> 00:05:49,159 Speaker 2: and sharing our thoughts at the end of the episode, 134 00:05:49,200 --> 00:05:50,800 Speaker 2: for sure, But let's move on to the subject of 135 00:05:50,800 --> 00:05:54,960 Speaker 2: the hand matt workplace whiplash and like it makes me 136 00:05:55,000 --> 00:05:57,680 Speaker 2: think of a car the titro planning. The worst thing 137 00:05:57,680 --> 00:06:00,200 Speaker 2: you can do when it's happening is to overcorrect, right, Sure, 138 00:06:00,240 --> 00:06:02,520 Speaker 2: you're stealing wheel, steering wheel hard to the left or 139 00:06:02,520 --> 00:06:04,520 Speaker 2: the right, Sure, because then when you're tires hit the 140 00:06:04,560 --> 00:06:09,400 Speaker 2: asphalt again, your car is gonna jerk suddenly. Yeah, you're 141 00:06:09,400 --> 00:06:11,720 Speaker 2: in a ditch or to a barrier, in another car 142 00:06:11,839 --> 00:06:13,919 Speaker 2: in a barrier or whatever. Have you ever had your planes, 143 00:06:14,480 --> 00:06:16,160 Speaker 2: Not that I know of, I don't think so. Yeah, 144 00:06:16,240 --> 00:06:19,200 Speaker 2: I have not majorly to where I was like skitting 145 00:06:19,240 --> 00:06:20,840 Speaker 2: out of my lane. Yeah, you know you hit some 146 00:06:20,920 --> 00:06:23,080 Speaker 2: of those big I'm sure I felt second or tunnels. 147 00:06:23,080 --> 00:06:25,039 Speaker 2: You start floating a little bit and you're like, yeah, this, 148 00:06:25,800 --> 00:06:26,720 Speaker 2: yeah doesn't feel good. 149 00:06:26,800 --> 00:06:28,719 Speaker 1: I haven't done it long enough to where it felt 150 00:06:28,720 --> 00:06:30,720 Speaker 1: like the instinct kicked in to do something about it. 151 00:06:30,760 --> 00:06:33,919 Speaker 1: Like it's usually short lived, right, yeah, but yeah, that 152 00:06:33,960 --> 00:06:35,720 Speaker 1: puts you in even more danger when you do that, right, 153 00:06:35,720 --> 00:06:37,960 Speaker 1: when you make a rapid reaction, sure, or. 154 00:06:37,880 --> 00:06:39,400 Speaker 2: Even just like when someone pulls out in front of 155 00:06:39,400 --> 00:06:41,600 Speaker 2: you and you kind of swerve to avoid hitting them. 156 00:06:41,600 --> 00:06:44,600 Speaker 2: But if you overswerve and your car starts whipping the 157 00:06:44,600 --> 00:06:46,680 Speaker 2: other way and then you whip it back the other way, huh, 158 00:06:46,960 --> 00:06:48,919 Speaker 2: you kind of start creating out of control. 159 00:06:48,640 --> 00:06:51,240 Speaker 1: Acting like you're a stunt driver in some sort of 160 00:06:51,240 --> 00:06:53,919 Speaker 1: Hollywood movie or something like that. But I think a 161 00:06:53,920 --> 00:06:56,080 Speaker 1: lot of people feel this kind of whiplash right now. 162 00:06:56,120 --> 00:06:58,640 Speaker 1: A lot of workers do, at least the laptop class, 163 00:06:58,680 --> 00:07:00,680 Speaker 1: which is kind of what it's been what's been called 164 00:07:00,720 --> 00:07:02,240 Speaker 1: the people in the pandemic who were able to work 165 00:07:02,279 --> 00:07:05,120 Speaker 1: from home even while other people weren't. But it seemed 166 00:07:05,160 --> 00:07:06,960 Speaker 1: like work from home was going to be the new normal. 167 00:07:07,360 --> 00:07:10,240 Speaker 1: Everyone was going hard in that direction. But that is 168 00:07:10,320 --> 00:07:13,000 Speaker 1: becoming less and less the case, and even companies that 169 00:07:13,040 --> 00:07:14,560 Speaker 1: made it sound like that was going to be their 170 00:07:14,600 --> 00:07:18,320 Speaker 1: future in perpetuity are kind of changing their plans. They're 171 00:07:18,320 --> 00:07:21,200 Speaker 1: pulling out the rug from under a lot of their employees. 172 00:07:21,240 --> 00:07:24,400 Speaker 1: And so how should people respond. That's really what this 173 00:07:24,440 --> 00:07:28,160 Speaker 1: episode's all about. When your employer, your boss changes their tune, 174 00:07:28,360 --> 00:07:29,360 Speaker 1: what should your reaction mean? 175 00:07:29,400 --> 00:07:31,960 Speaker 2: What should you do about it? Yeah, workplace whiplash really 176 00:07:32,000 --> 00:07:33,960 Speaker 2: is the best term for it, because for a while 177 00:07:34,200 --> 00:07:36,760 Speaker 2: it seemed like nobody was going to be going back 178 00:07:36,800 --> 00:07:39,760 Speaker 2: into the office and things are looking a little differently 179 00:07:39,800 --> 00:07:42,640 Speaker 2: these days. And of course all of our listeners out there, 180 00:07:42,680 --> 00:07:46,000 Speaker 2: like folks, want to know what the future of work 181 00:07:46,080 --> 00:07:48,800 Speaker 2: is actually going to look like, what companies are asking 182 00:07:49,160 --> 00:07:50,640 Speaker 2: or what they might be asking in the future, and 183 00:07:50,680 --> 00:07:54,800 Speaker 2: then how to respond Because individuals employees made some massive 184 00:07:54,880 --> 00:07:57,640 Speaker 2: changes to their lives based on what the leadership at 185 00:07:57,680 --> 00:08:00,960 Speaker 2: the company that they work for. Some people explicitly told them. 186 00:08:00,960 --> 00:08:03,040 Speaker 1: Some people moved to another state, or some people moved 187 00:08:03,080 --> 00:08:05,000 Speaker 1: an hour away from the office because they said, well, 188 00:08:05,040 --> 00:08:06,680 Speaker 1: you told me I was never gonna have to come 189 00:08:06,680 --> 00:08:10,440 Speaker 1: back in person, and now you're changing your story. But 190 00:08:10,920 --> 00:08:13,720 Speaker 1: that doesn't change the fact that I upened in my life. Yea, 191 00:08:14,120 --> 00:08:14,800 Speaker 1: because of what you said. 192 00:08:14,800 --> 00:08:18,120 Speaker 2: They've moved the Yeah, they sold, houses, sold cars, moved, 193 00:08:18,560 --> 00:08:21,240 Speaker 2: made changes. When it comes to childcare, like around here, 194 00:08:21,280 --> 00:08:23,600 Speaker 2: man like, in order to get in someplace to where 195 00:08:23,600 --> 00:08:25,280 Speaker 2: they'll take care of your kid, a lot of times 196 00:08:25,280 --> 00:08:26,680 Speaker 2: it takes being on a wait list. You got to 197 00:08:26,680 --> 00:08:29,200 Speaker 2: plan ahead for sure. Then like, even once you make 198 00:08:29,240 --> 00:08:31,440 Speaker 2: it in, it still costs a ton of money. And 199 00:08:31,440 --> 00:08:34,240 Speaker 2: so there's a lot at stake. And specifically, I guess 200 00:08:34,280 --> 00:08:36,360 Speaker 2: I'm thinking of a story from a few weeks ago 201 00:08:36,480 --> 00:08:39,760 Speaker 2: was Farmer's Insurance. That was one where a bunch of 202 00:08:39,760 --> 00:08:42,720 Speaker 2: employees basically were revolting because they're saying, they're like, hey, 203 00:08:43,000 --> 00:08:46,000 Speaker 2: you are totally changing the game. And yeah, there was 204 00:08:46,600 --> 00:08:49,720 Speaker 2: specifically somebody that they quoted and they're like, I sold 205 00:08:49,760 --> 00:08:51,800 Speaker 2: my house in order to move closer to my grandkids. 206 00:08:52,240 --> 00:08:54,200 Speaker 2: Now what do I do? Like, these are all questions 207 00:08:54,240 --> 00:08:56,600 Speaker 2: that folks were asking, and that's what we're talking about. 208 00:08:56,360 --> 00:08:59,080 Speaker 1: And they're tough. They're tough questions to be to reckon with, 209 00:08:59,240 --> 00:09:02,040 Speaker 1: especially depending on your financial situation, depending on where you're 210 00:09:02,040 --> 00:09:04,080 Speaker 1: at in your career, stuff like that. And there was 211 00:09:04,160 --> 00:09:07,760 Speaker 1: a recent article in The Onion and it read CEO's 212 00:09:07,800 --> 00:09:10,679 Speaker 1: company wide email inspires employees to start looking for a 213 00:09:10,679 --> 00:09:13,880 Speaker 1: different job. And to me, that summed up really a 214 00:09:13,880 --> 00:09:16,760 Speaker 1: lot of what we're talking about today Onion. Yeah, it's 215 00:09:16,800 --> 00:09:19,000 Speaker 1: so funny, but it also hits close to home for 216 00:09:19,040 --> 00:09:21,320 Speaker 1: a lot of people, right because getting that email or 217 00:09:21,360 --> 00:09:24,200 Speaker 1: having that zoom call to rally the troops to come 218 00:09:24,240 --> 00:09:27,040 Speaker 1: back into the office, even that peppy speech, it's just 219 00:09:27,080 --> 00:09:28,839 Speaker 1: not being well received by a whole lot of people. 220 00:09:29,120 --> 00:09:32,280 Speaker 1: And Matt the director of strategy for Gallup. He said 221 00:09:32,280 --> 00:09:35,160 Speaker 1: this recently. He said changes in remote work policies can 222 00:09:35,200 --> 00:09:39,520 Speaker 1: certainly create significant risk to employee retention and engagement, depending 223 00:09:39,520 --> 00:09:42,880 Speaker 1: on how drastic the changes are and how effective effectively 224 00:09:42,880 --> 00:09:46,480 Speaker 1: they are executed by managers. And I thought that was 225 00:09:46,559 --> 00:09:49,800 Speaker 1: the most spot on thing understatement of the year. Yeah, 226 00:09:49,920 --> 00:09:53,920 Speaker 1: perhaps especially so much of it is in how it's communicated, 227 00:09:53,920 --> 00:09:56,400 Speaker 1: how it's talked about, and how these policies are implemented. 228 00:09:56,440 --> 00:09:59,319 Speaker 1: And if it's a top down, authoritarian approach, you are 229 00:09:59,360 --> 00:10:02,040 Speaker 1: going to see even if those employees stick around, probably 230 00:10:02,080 --> 00:10:05,920 Speaker 1: less productivity, less enthusiasm, and eventually some of those people 231 00:10:05,920 --> 00:10:10,439 Speaker 1: are gonna leave. So I do think that the employers 232 00:10:10,760 --> 00:10:13,720 Speaker 1: need to strongly think about how they are crafting these 233 00:10:13,720 --> 00:10:16,760 Speaker 1: policies and how they're also commuting communicating them to workers 234 00:10:16,760 --> 00:10:17,360 Speaker 1: at the same time. 235 00:10:17,440 --> 00:10:20,120 Speaker 2: Sure. Yeah, and obviously this is all because of COVID, right, 236 00:10:20,160 --> 00:10:23,280 Speaker 2: Like it's all because of the lockdowns, the pandemic that 237 00:10:23,480 --> 00:10:27,320 Speaker 2: brought us into a work from home like paradise. Essentially 238 00:10:27,720 --> 00:10:29,880 Speaker 2: that would not have happened otherwise. I really do a 239 00:10:29,960 --> 00:10:34,760 Speaker 2: coolio song, right, Gangster's Paradise, But some folks thought that 240 00:10:34,800 --> 00:10:36,319 Speaker 2: it sped things up, But I think it did more 241 00:10:36,320 --> 00:10:39,120 Speaker 2: than that, Like it created a work scenario that likely 242 00:10:39,120 --> 00:10:43,120 Speaker 2: would have never existed otherwise, so much so that we 243 00:10:43,200 --> 00:10:47,480 Speaker 2: saw the valuations of companies that facilitated working from home skyrocket. 244 00:10:47,679 --> 00:10:51,440 Speaker 2: Those stock prices shot through the roof. And that's not 245 00:10:51,520 --> 00:10:54,880 Speaker 2: really the case anymore, sorry, Like Zoom and Teledoc and 246 00:10:55,000 --> 00:10:56,160 Speaker 2: all the other companies out there. 247 00:10:56,200 --> 00:10:58,599 Speaker 1: Zoom was like worth more than exonomobile, I think it was, 248 00:10:59,040 --> 00:11:01,640 Speaker 1: and now it's it's saying, barely worth more than. 249 00:11:01,640 --> 00:11:04,400 Speaker 2: It's crazy my life, you know, honestly, just how quickly 250 00:11:04,559 --> 00:11:08,080 Speaker 2: working from home just became the new normal. And after 251 00:11:08,120 --> 00:11:10,959 Speaker 2: a prolonged time of that increased flexibility we're talking about 252 00:11:11,080 --> 00:11:12,800 Speaker 2: more than three years for many folks, your life has 253 00:11:12,840 --> 00:11:15,199 Speaker 2: probably found a new rhythm. So we certainly sympathize for 254 00:11:15,720 --> 00:11:19,080 Speaker 2: the growing pains that not only employers are facing as 255 00:11:19,080 --> 00:11:20,760 Speaker 2: they're trying to figure out how best to move forward, 256 00:11:20,800 --> 00:11:23,400 Speaker 2: but also of course for employees that is who we 257 00:11:23,440 --> 00:11:24,000 Speaker 2: are talking to. 258 00:11:24,080 --> 00:11:26,160 Speaker 1: Yeah, I think it's a similar reaction to someone who, say, 259 00:11:26,440 --> 00:11:29,560 Speaker 1: who now is confronted with having to start paying on 260 00:11:29,559 --> 00:11:31,800 Speaker 1: their student loans again? And we have been talking about 261 00:11:31,840 --> 00:11:34,000 Speaker 1: this for years now, at this point, but it was 262 00:11:34,080 --> 00:11:36,000 Speaker 1: kind of out of sight, out of mind, understandably for 263 00:11:36,040 --> 00:11:39,000 Speaker 1: a lot of people. And similarly, when work from home 264 00:11:39,040 --> 00:11:41,760 Speaker 1: became the new normal at year one, year two, year three, 265 00:11:41,840 --> 00:11:45,320 Speaker 1: you start sinking into that reality and going back to 266 00:11:45,320 --> 00:11:47,920 Speaker 1: the office becomes even more jarring. And the same thing 267 00:11:47,920 --> 00:11:49,959 Speaker 1: with those payments restartings. Assume that this is the new 268 00:11:49,960 --> 00:11:53,720 Speaker 1: normal exactly, but it's not, and so we think that 269 00:11:53,920 --> 00:11:56,520 Speaker 1: the new normal is going to become hybrid work. It 270 00:11:56,559 --> 00:11:58,559 Speaker 1: seems like the writings on the wall, that's what's happening, 271 00:11:58,800 --> 00:12:01,000 Speaker 1: the new work from home reality. By the way, it 272 00:12:01,040 --> 00:12:03,080 Speaker 1: didn't just impact how people worked to impacted the real 273 00:12:03,160 --> 00:12:06,160 Speaker 1: estate market. It affected where people wanted to live and 274 00:12:06,200 --> 00:12:09,960 Speaker 1: prices in general. It affected like in some cities Boise, 275 00:12:10,240 --> 00:12:14,080 Speaker 1: Denver in particular, they experienced massive price increases. We saw 276 00:12:14,120 --> 00:12:16,760 Speaker 1: some of those medium sized cities and more rural areas 277 00:12:16,800 --> 00:12:19,920 Speaker 1: kind of to go a little boomtown. It also impacted 278 00:12:19,920 --> 00:12:22,960 Speaker 1: commercial real estate, but in the opposite way, like office 279 00:12:23,000 --> 00:12:26,640 Speaker 1: space became less valuable as some companies disbanded in person work, 280 00:12:26,920 --> 00:12:29,480 Speaker 1: and although occupancy has ticked back up, it's still far 281 00:12:29,559 --> 00:12:33,000 Speaker 1: below what it was pre pandemic. And banks they're expecting 282 00:12:33,120 --> 00:12:36,520 Speaker 1: commercial real estate to continue to suffer. So this work 283 00:12:36,520 --> 00:12:41,559 Speaker 1: from home trend has certainly made individuals prioritize their home 284 00:12:41,679 --> 00:12:44,840 Speaker 1: and having space for working from home. But at the 285 00:12:44,840 --> 00:12:47,680 Speaker 1: same time, now that hybrid work is kind of becoming 286 00:12:48,040 --> 00:12:51,120 Speaker 1: the preferred method for a lot of employers, it's tough 287 00:12:51,160 --> 00:12:52,560 Speaker 1: to know what you need to do and how to 288 00:12:52,600 --> 00:12:54,040 Speaker 1: react as an individual too. 289 00:12:54,200 --> 00:12:56,080 Speaker 2: Yeah, And I mean it just shows just the far 290 00:12:56,200 --> 00:12:59,720 Speaker 2: reaching implications of something like working from home, how it 291 00:12:59,720 --> 00:13:02,200 Speaker 2: can have an impact on real estate, which is the 292 00:13:02,240 --> 00:13:05,280 Speaker 2: most expensive thing that anybody out there ever ever purchases. 293 00:13:05,840 --> 00:13:07,840 Speaker 2: But yeah, you're talking about it ticking back up. So 294 00:13:07,920 --> 00:13:10,760 Speaker 2: castle it's like this company they do like commercial real 295 00:13:10,880 --> 00:13:14,840 Speaker 2: estate security and like access cards basically that you like 296 00:13:15,040 --> 00:13:17,360 Speaker 2: to get into your office building. But they're saying that, like, 297 00:13:17,400 --> 00:13:20,600 Speaker 2: we're not even to like the average occupancy in major cities, 298 00:13:20,640 --> 00:13:23,559 Speaker 2: it's not even back up to fifty percent of pre pandemic, 299 00:13:23,800 --> 00:13:26,880 Speaker 2: And so we are like, that is a massive decline still, 300 00:13:26,880 --> 00:13:28,679 Speaker 2: and even though we have seen it increase a little bit, 301 00:13:28,920 --> 00:13:32,480 Speaker 2: we're not seeing it bounce back to pre pandemic anywhere 302 00:13:32,480 --> 00:13:32,920 Speaker 2: close to that. 303 00:13:33,000 --> 00:13:35,120 Speaker 1: And I don't know if we'll ever get back to 304 00:13:35,280 --> 00:13:36,520 Speaker 1: where we were then, we don't think so. 305 00:13:36,600 --> 00:13:38,319 Speaker 2: That's not necessarily a bad thing because we think the 306 00:13:38,400 --> 00:13:41,760 Speaker 2: hybrid approach is going to be the path forward. Honestly, 307 00:13:41,880 --> 00:13:44,000 Speaker 2: we even talked about this back during the early days 308 00:13:44,040 --> 00:13:47,560 Speaker 2: of Lockdowns working from Home. Specifically, we dedicated it an 309 00:13:47,679 --> 00:13:49,439 Speaker 2: entire episode to how it is that you can work 310 00:13:49,440 --> 00:13:52,680 Speaker 2: from home without going crazy. But the biggest question everyone 311 00:13:52,880 --> 00:13:55,520 Speaker 2: was asking back then was is this, you know, the 312 00:13:55,600 --> 00:13:58,120 Speaker 2: end of going into the office, is working from home 313 00:13:58,120 --> 00:14:00,600 Speaker 2: here to stay? And we're clearly seeing the answer is 314 00:14:01,000 --> 00:14:05,000 Speaker 2: sort of kind of because very clear. Hybrid totally seems 315 00:14:05,040 --> 00:14:07,959 Speaker 2: to be the official mantra of CEOs everywhere. And I 316 00:14:07,960 --> 00:14:10,640 Speaker 2: don't know if that's just because they're trying to deliver 317 00:14:10,679 --> 00:14:14,000 Speaker 2: the news with like a velvet glove, or eventually they 318 00:14:14,000 --> 00:14:16,360 Speaker 2: are planning to mandate that everyone has to come back 319 00:14:16,440 --> 00:14:19,720 Speaker 2: or what, but that is what folks are talking about 320 00:14:19,760 --> 00:14:22,440 Speaker 2: these days. And some businesses are obviously taking different tactics, 321 00:14:22,480 --> 00:14:25,560 Speaker 2: like Yelp and Etsy for instance, where they got rid 322 00:14:25,600 --> 00:14:27,760 Speaker 2: of all their offices and it's like, all right, you 323 00:14:27,800 --> 00:14:29,680 Speaker 2: can work from home, and definitely they're putting their money 324 00:14:29,680 --> 00:14:32,720 Speaker 2: where their mouth is, like literally not re signing leases. 325 00:14:32,800 --> 00:14:34,760 Speaker 2: Sure Yeah, and it kind of makes sense too, like 326 00:14:34,960 --> 00:14:37,640 Speaker 2: specifically with YELP, Like the whole point is that they 327 00:14:37,640 --> 00:14:41,320 Speaker 2: are reviewing other places, So a better way to actually 328 00:14:41,560 --> 00:14:43,760 Speaker 2: like live out that mission than to not have a 329 00:14:43,800 --> 00:14:46,120 Speaker 2: central office and go out there and explore all of 330 00:14:46,120 --> 00:14:46,680 Speaker 2: these other. 331 00:14:46,600 --> 00:14:48,840 Speaker 1: Other locations job I used to work at many Almost 332 00:14:48,880 --> 00:14:51,080 Speaker 1: nobody goes into work anymore. They have really a much 333 00:14:51,320 --> 00:14:55,160 Speaker 1: much much smaller office space skeleton crew. Yeah, ninety plus 334 00:14:55,200 --> 00:14:56,480 Speaker 1: percent of the employees work from home fuld. 335 00:14:56,520 --> 00:14:58,480 Speaker 2: It makes me think of CNN that never used to 336 00:14:58,520 --> 00:15:01,240 Speaker 2: be the big local employer here on sound like they 337 00:15:01,320 --> 00:15:04,920 Speaker 2: have had this massive campus downtown like the CNN Center. 338 00:15:04,920 --> 00:15:08,640 Speaker 2: That's right, and they've consolidated and moved to another location. Granted, 339 00:15:08,680 --> 00:15:11,000 Speaker 2: CNN is dealing with other issues as well. The folks 340 00:15:11,040 --> 00:15:12,600 Speaker 2: aren't coming into the office like they used to do. 341 00:15:12,680 --> 00:15:14,680 Speaker 1: Yeah, I feel like some tiktoks get more views these 342 00:15:14,720 --> 00:15:18,600 Speaker 1: days than CNN. But companies like Google that have been 343 00:15:18,640 --> 00:15:21,320 Speaker 1: expecting their employees to be in the office more, but 344 00:15:21,400 --> 00:15:23,840 Speaker 1: now they're really really wanting folks to show up. And 345 00:15:23,840 --> 00:15:25,840 Speaker 1: they basically said that attendance is going to be tracked 346 00:15:26,120 --> 00:15:29,080 Speaker 1: via company badges. Via those badges you mentioned Matt, and 347 00:15:29,120 --> 00:15:31,880 Speaker 1: performance reviews are going to take this into account. So, yeah, 348 00:15:31,920 --> 00:15:33,360 Speaker 1: if you're showing up one or two days a week 349 00:15:33,400 --> 00:15:36,320 Speaker 1: when they want you in three, when that performance review 350 00:15:36,360 --> 00:15:39,280 Speaker 1: comes up, you might not have the best one and 351 00:15:39,320 --> 00:15:42,080 Speaker 1: it might impact your pay. In Salesforce, Matt, they went 352 00:15:42,120 --> 00:15:45,000 Speaker 1: with the carrot approach instead of the stick approach. They 353 00:15:45,240 --> 00:15:46,960 Speaker 1: said they were going to donate ten dollars per day 354 00:15:46,960 --> 00:15:49,160 Speaker 1: to a nonprofit for employees who showed up in person 355 00:15:49,440 --> 00:15:52,280 Speaker 1: over a specific range of time. But even that kind 356 00:15:52,280 --> 00:15:55,920 Speaker 1: of backfired because it was perceived as this emotionally manipulative move, 357 00:15:56,160 --> 00:15:58,160 Speaker 1: which I get. It's like ten books to your favorite 358 00:15:58,200 --> 00:16:00,280 Speaker 1: nonprofit if you show up in person, and that feels 359 00:16:00,360 --> 00:16:02,880 Speaker 1: kind of Yeah, it seems kind of crappy. It seems 360 00:16:02,920 --> 00:16:05,720 Speaker 1: crappy too. So every company is trying to take their 361 00:16:05,760 --> 00:16:07,360 Speaker 1: own approach or trying to figure this out. How do 362 00:16:07,400 --> 00:16:09,720 Speaker 1: we get people who have been so used to working 363 00:16:09,720 --> 00:16:12,240 Speaker 1: from home, to working in their pjs, to working kind 364 00:16:12,240 --> 00:16:14,400 Speaker 1: of the hours they want to not having the commute, 365 00:16:14,520 --> 00:16:16,680 Speaker 1: How do we coax them back into the office. And 366 00:16:17,120 --> 00:16:19,240 Speaker 1: it seems like almost nobody has figured out a way 367 00:16:19,240 --> 00:16:21,200 Speaker 1: to do it without upsetting the Apple. 368 00:16:20,920 --> 00:16:23,800 Speaker 2: Car sure, So it's not just companies as well, but individuals. 369 00:16:23,800 --> 00:16:27,400 Speaker 2: So of course Elon Musk is quite opinionated and shares 370 00:16:27,440 --> 00:16:31,160 Speaker 2: whatever it is he's thinking within that minute at the 371 00:16:31,160 --> 00:16:33,440 Speaker 2: moment on a whim tweets about to all his folks. 372 00:16:33,440 --> 00:16:35,640 Speaker 2: But Martha Stewart, she recently said that America is going 373 00:16:35,720 --> 00:16:38,080 Speaker 2: to go down the drain if people don't return to 374 00:16:38,120 --> 00:16:40,640 Speaker 2: the office. She's basically pointing out that, like, oh, yeah, 375 00:16:40,760 --> 00:16:44,360 Speaker 2: we're gonna end up like France. She's like, we've all 376 00:16:44,360 --> 00:16:47,320 Speaker 2: seen how we're Frances's headed. That sounds like an overstatement, 377 00:16:47,400 --> 00:16:51,000 Speaker 2: So yeah, yeah, it's a I don't know, it's difficult 378 00:16:51,480 --> 00:16:54,280 Speaker 2: to know what is actually happening versus what is being 379 00:16:54,800 --> 00:16:57,480 Speaker 2: covered in the news. But this is something that I'm 380 00:16:57,480 --> 00:17:00,440 Speaker 2: sure a lot of extroverts are out there welcoming going 381 00:17:00,480 --> 00:17:03,360 Speaker 2: back into the office, but even they are probably a 382 00:17:03,400 --> 00:17:06,399 Speaker 2: little bit conflicted. So who is right, what is the 383 00:17:06,400 --> 00:17:08,919 Speaker 2: best approach, and how is it that you should react 384 00:17:08,960 --> 00:17:11,800 Speaker 2: to this new hybrid normal. We're going to discuss all 385 00:17:11,840 --> 00:17:23,560 Speaker 2: of that right after this. All right, Matt, let's keep 386 00:17:23,560 --> 00:17:27,119 Speaker 2: talking about workplace whiplash. A lot of people are feeling 387 00:17:27,160 --> 00:17:29,880 Speaker 2: it around the country, as they have been told time 388 00:17:29,920 --> 00:17:32,640 Speaker 2: to get back into the office, and maybe they're not ready, 389 00:17:32,880 --> 00:17:34,919 Speaker 2: or maybe they are ready, but maybe not to the 390 00:17:34,920 --> 00:17:37,120 Speaker 2: extent the employer wants, or maybe it's not as flexible 391 00:17:37,160 --> 00:17:38,800 Speaker 2: as they would like it to be. And so it 392 00:17:38,840 --> 00:17:42,200 Speaker 2: is causing a lot of life consternation and kind of 393 00:17:42,320 --> 00:17:45,920 Speaker 2: just making people reconsider their careers and some of their choices, 394 00:17:46,040 --> 00:17:49,320 Speaker 2: especially after they've made massive life changes during the past 395 00:17:49,520 --> 00:17:52,960 Speaker 2: three three and a half years of pandemic life. And 396 00:17:53,640 --> 00:17:55,360 Speaker 2: part of the reason this change is taking place as 397 00:17:55,359 --> 00:17:59,160 Speaker 2: well is because the pandemic is basically over right, and 398 00:17:59,720 --> 00:18:02,000 Speaker 2: it's all also because the labor market is cooling, which 399 00:18:02,000 --> 00:18:05,600 Speaker 2: has changed the balance of power. Workers have less leverage 400 00:18:05,640 --> 00:18:07,640 Speaker 2: now than they did twelve or even six months ago 401 00:18:08,119 --> 00:18:10,680 Speaker 2: when we were talking about just how much people could 402 00:18:10,680 --> 00:18:13,840 Speaker 2: make by going down the street and applying elsewhere, and 403 00:18:13,840 --> 00:18:17,400 Speaker 2: they were just the world was full of opportunity for employees. 404 00:18:17,400 --> 00:18:19,720 Speaker 2: They were in high demand and so they could call 405 00:18:19,760 --> 00:18:23,720 Speaker 2: the shots. But one example now of that change is 406 00:18:24,400 --> 00:18:27,800 Speaker 2: meta Facebook basically having the what they're calling their Year 407 00:18:27,800 --> 00:18:31,159 Speaker 2: of Efficiency, and the layoffs we've seen happening in the 408 00:18:31,160 --> 00:18:35,120 Speaker 2: tech sector and upticks in layoffs in other sectors as well. 409 00:18:35,240 --> 00:18:38,480 Speaker 2: We've seen the highest jump in unemployment claims in the 410 00:18:38,520 --> 00:18:41,520 Speaker 2: past two years, just recently. And granted it's all relative, right, 411 00:18:41,600 --> 00:18:45,040 Speaker 2: Unemployment is still crazy low, but the tides are changing, 412 00:18:45,400 --> 00:18:49,000 Speaker 2: and so now employers are saying, we don't need you 413 00:18:49,040 --> 00:18:52,040 Speaker 2: as much as you think we do, and if we 414 00:18:52,040 --> 00:18:54,200 Speaker 2: want you back in the office, we might just even 415 00:18:54,480 --> 00:18:56,879 Speaker 2: force it down your throat. That's right. So we recorded 416 00:18:56,880 --> 00:18:58,520 Speaker 2: an episode I think I forget what we call it, 417 00:18:58,520 --> 00:19:01,600 Speaker 2: like the oncoming tsunami or tidal wave of layoffs or whatever, 418 00:19:01,600 --> 00:19:03,600 Speaker 2: And some folks said that we're kind of blowing that, 419 00:19:04,720 --> 00:19:06,960 Speaker 2: blowing it out of proportion. But like when you talk 420 00:19:06,960 --> 00:19:09,959 Speaker 2: about some of these there are a lot of companies, 421 00:19:09,960 --> 00:19:12,680 Speaker 2: like we talked about Microsoft, about Disney, Boeing, and they 422 00:19:12,840 --> 00:19:16,920 Speaker 2: were all announcing thousands and thousands of layoffs that we're 423 00:19:16,960 --> 00:19:19,439 Speaker 2: going to be coming this year. But even assuming that 424 00:19:19,440 --> 00:19:20,960 Speaker 2: folks are right and they're saying, they're like, okay, but 425 00:19:21,000 --> 00:19:24,600 Speaker 2: that's even still that's a small percentage of actual folks 426 00:19:24,640 --> 00:19:27,200 Speaker 2: who are without a job, Like you said, with employee 427 00:19:27,800 --> 00:19:31,600 Speaker 2: unemployment still at relative lows, what we're talking about here 428 00:19:31,720 --> 00:19:34,080 Speaker 2: is not just maybe what the data shows, but even 429 00:19:34,119 --> 00:19:38,120 Speaker 2: just the change and perception and folks make decisions based 430 00:19:38,160 --> 00:19:41,560 Speaker 2: on perceptions, based on the headlines, and when large companies 431 00:19:41,680 --> 00:19:44,800 Speaker 2: are making cuts like this, it signals to other companies 432 00:19:44,840 --> 00:19:46,760 Speaker 2: as to whether, maybe not whether or not they should 433 00:19:46,760 --> 00:19:49,160 Speaker 2: flyre half of their staff. But maybe it does have 434 00:19:49,200 --> 00:19:52,919 Speaker 2: more of an impact on their ability to be flexible 435 00:19:53,320 --> 00:19:55,199 Speaker 2: when it comes to some of the different requests that 436 00:19:55,240 --> 00:19:57,520 Speaker 2: their employees are making. Yeah, sometimes it's not how the 437 00:19:57,560 --> 00:19:59,520 Speaker 2: economy is doing here now, it's the perception of how 438 00:19:59,520 --> 00:20:01,520 Speaker 2: the economy going to do in the future. Absolutely, and 439 00:20:01,560 --> 00:20:05,520 Speaker 2: so I so that's worth mentioning because it is you know, 440 00:20:05,560 --> 00:20:07,080 Speaker 2: you want to get a feel for the lay of 441 00:20:07,119 --> 00:20:09,399 Speaker 2: the land, like you lick your thumbs, stick it up 442 00:20:09,400 --> 00:20:11,640 Speaker 2: to figure out which way the wind is blowing. That's 443 00:20:11,680 --> 00:20:14,040 Speaker 2: what we're what we're doing here. So that being said, 444 00:20:14,240 --> 00:20:18,159 Speaker 2: going back into the office is not all bad. So 445 00:20:18,200 --> 00:20:20,399 Speaker 2: we're gonna make a little bit of an argument for 446 00:20:20,600 --> 00:20:23,119 Speaker 2: going back into the office, the pros and the cons, because, 447 00:20:23,160 --> 00:20:26,000 Speaker 2: like what some of the CEOs are saying is based 448 00:20:26,040 --> 00:20:31,000 Speaker 2: in reality, there are some intangible and truly tangible benefits 449 00:20:31,480 --> 00:20:35,520 Speaker 2: that working in person with your colleagues, working elbow to elbow, 450 00:20:35,880 --> 00:20:38,720 Speaker 2: that the results that that kind of work can generate 451 00:20:39,040 --> 00:20:42,440 Speaker 2: is incredible. So going back to the Google example for 452 00:20:42,520 --> 00:20:44,639 Speaker 2: a second. Here one other executives pointed out that at 453 00:20:44,640 --> 00:20:47,360 Speaker 2: their recent conference, most of the products that they unveiled 454 00:20:47,440 --> 00:20:50,320 Speaker 2: they were developed by teams who were there in person, 455 00:20:50,400 --> 00:20:53,200 Speaker 2: working side by side, And so I think, I don't 456 00:20:53,200 --> 00:20:55,159 Speaker 2: know if there is actual data backing this up, but 457 00:20:55,400 --> 00:20:59,080 Speaker 2: the increase in productivity that comes with working in person, 458 00:20:59,480 --> 00:21:01,960 Speaker 2: I think that is a very real argument that's hard 459 00:21:02,000 --> 00:21:03,320 Speaker 2: to fight back against. Agreed. 460 00:21:03,359 --> 00:21:04,960 Speaker 1: Yeah, And at some point you have to say, wait 461 00:21:05,000 --> 00:21:07,639 Speaker 1: a second, it's maybe it's not just in my best interest, 462 00:21:07,680 --> 00:21:09,480 Speaker 1: but it's in the company's best interest, which is also 463 00:21:09,520 --> 00:21:11,800 Speaker 1: in my best interest, because that the more profitable this 464 00:21:11,840 --> 00:21:13,800 Speaker 1: company is, the more likely I am going to be 465 00:21:13,800 --> 00:21:17,399 Speaker 1: able to keep my job, get pay raises, and enjoy 466 00:21:17,560 --> 00:21:19,760 Speaker 1: a lengthy career here. And I would think, yeah, Google, 467 00:21:19,800 --> 00:21:22,280 Speaker 1: at some point, if they start stop churning out products 468 00:21:22,280 --> 00:21:24,520 Speaker 1: same with a lot of different companies at the same 469 00:21:24,600 --> 00:21:28,680 Speaker 1: rate or at the same quality, they Yeah, that company 470 00:21:28,760 --> 00:21:30,600 Speaker 1: is going to feel the pinch, which in turn means you're. 471 00:21:30,440 --> 00:21:31,680 Speaker 2: Going to feel eventually you will. 472 00:21:32,160 --> 00:21:34,359 Speaker 1: Yeah, but it's not just benefits for the company. We 473 00:21:34,400 --> 00:21:36,360 Speaker 1: think that a lot of folks, especially people who are 474 00:21:36,520 --> 00:21:39,280 Speaker 1: younger and earlier in their career, they can benefit from 475 00:21:39,600 --> 00:21:42,919 Speaker 1: more in person at the office time too. And Jamie Diamond, 476 00:21:42,920 --> 00:21:45,040 Speaker 1: the CEO of JP Morgan Chase, he said a few 477 00:21:45,040 --> 00:21:49,200 Speaker 1: months back that remote work doesn't work. He kept it 478 00:21:49,200 --> 00:21:52,840 Speaker 1: pretty pithy, and he was particularly referring to young staff 479 00:21:52,840 --> 00:21:55,840 Speaker 1: who works for him. And that's a blunt statement, but 480 00:21:55,880 --> 00:21:58,080 Speaker 1: he's not all that far from the truth, right. The 481 00:21:58,400 --> 00:22:01,119 Speaker 1: hybrid model, which is kind of becoming the norm, that's 482 00:22:01,680 --> 00:22:04,480 Speaker 1: that's what it seems like a lot of workplaces are 483 00:22:04,520 --> 00:22:06,840 Speaker 1: returning to. I think that's going to be helpful actually 484 00:22:06,880 --> 00:22:09,040 Speaker 1: to a lot of gen zers in particular if they 485 00:22:09,040 --> 00:22:10,680 Speaker 1: were working from home five days a week, to get 486 00:22:10,680 --> 00:22:12,720 Speaker 1: back in the office two or three as they seek 487 00:22:12,760 --> 00:22:15,560 Speaker 1: to grow in their careers and more in person time 488 00:22:15,600 --> 00:22:18,760 Speaker 1: will aid I think in skill development, and that skill 489 00:22:18,840 --> 00:22:21,560 Speaker 1: development will lead to greater pay gains over time. 490 00:22:21,960 --> 00:22:22,920 Speaker 2: So totally agree. 491 00:22:23,040 --> 00:22:25,000 Speaker 1: Yeah, I think it's it's healthier for the bottom line 492 00:22:25,040 --> 00:22:27,520 Speaker 1: of the company in many ways, it's healthier than for 493 00:22:27,680 --> 00:22:30,560 Speaker 1: in particular younger workers. I think if you're well established 494 00:22:30,560 --> 00:22:33,720 Speaker 1: in your career, you might have even less of a 495 00:22:33,760 --> 00:22:35,440 Speaker 1: desire to go back to the office. But I think 496 00:22:35,520 --> 00:22:39,399 Speaker 1: younger workers can actually make greater strides if they are 497 00:22:39,400 --> 00:22:40,359 Speaker 1: in the office more often. 498 00:22:40,640 --> 00:22:42,520 Speaker 2: Yeah, I think when you are learning the ropes for 499 00:22:42,520 --> 00:22:45,040 Speaker 2: the first time learning in real life, learning directly from 500 00:22:45,080 --> 00:22:48,480 Speaker 2: another individual can certainly be a more efficient way I 501 00:22:48,480 --> 00:22:53,840 Speaker 2: guess to learn an industry. Huh. Okay, So I think 502 00:22:53,840 --> 00:22:56,199 Speaker 2: this might be like a small tangent or whatever. But 503 00:22:56,240 --> 00:22:58,240 Speaker 2: let's talk about the I guess maybe some of the 504 00:22:58,280 --> 00:23:01,640 Speaker 2: social benefits of going back into the office. So there's 505 00:23:01,680 --> 00:23:05,080 Speaker 2: this new report. This is from a nonprofit group, Equamundo, 506 00:23:05,359 --> 00:23:08,640 Speaker 2: but they release this report and specifically on American men, 507 00:23:09,119 --> 00:23:11,080 Speaker 2: and the results are pretty staggering. Man. They've found that 508 00:23:11,119 --> 00:23:13,639 Speaker 2: two thirds of young men believe that this is a 509 00:23:13,720 --> 00:23:16,680 Speaker 2: quote that no one really knows them. And even though 510 00:23:16,840 --> 00:23:19,240 Speaker 2: they focused on men, I think this conclusion can be 511 00:23:19,280 --> 00:23:23,120 Speaker 2: applied to others as well. It's not that your strongest 512 00:23:23,119 --> 00:23:26,000 Speaker 2: social connections all of your friends should be found at work, 513 00:23:26,240 --> 00:23:30,280 Speaker 2: but Americans are alone more than ever and it's producing 514 00:23:30,320 --> 00:23:34,119 Speaker 2: pretty terrible results. The ability to work from home, like 515 00:23:34,280 --> 00:23:37,439 Speaker 2: some I think, is great, but we can't discount what 516 00:23:37,440 --> 00:23:39,760 Speaker 2: it is that we lose when there's none of this 517 00:23:39,880 --> 00:23:42,000 Speaker 2: face to face interaction at all. Yeah, I agree. 518 00:23:42,000 --> 00:23:45,400 Speaker 1: I mean people are lonely and some psychologists they've called 519 00:23:45,400 --> 00:23:48,840 Speaker 1: what we're experiencing in this country a epidemic of loneliness, 520 00:23:49,080 --> 00:23:51,440 Speaker 1: which I tend to agree with. There was a shock 521 00:23:51,520 --> 00:23:54,800 Speaker 1: to see this. This Business Insider article recently detailed how 522 00:23:54,840 --> 00:23:56,679 Speaker 1: folks are turning to side hustles for a little bit 523 00:23:56,680 --> 00:23:59,520 Speaker 1: of extra income, but for socialization reasons too, Like they 524 00:23:59,560 --> 00:24:01,679 Speaker 1: just want to connected to other people, And it's not 525 00:24:01,760 --> 00:24:04,040 Speaker 1: just about the money they can make driving for uber, 526 00:24:04,280 --> 00:24:07,840 Speaker 1: it's about the way that they can make connections. 527 00:24:07,480 --> 00:24:10,280 Speaker 2: And interact with other human beings who seem to care 528 00:24:10,440 --> 00:24:12,040 Speaker 2: and yeah, who you can have a conversation. 529 00:24:12,119 --> 00:24:17,600 Speaker 1: The pandemic only just catalyzed are moved towards loneliness and 530 00:24:17,960 --> 00:24:22,160 Speaker 1: towards solitude, I think. And so we're collectively craving interaction 531 00:24:22,240 --> 00:24:24,240 Speaker 1: with other humans because it's what we're built for. And 532 00:24:24,280 --> 00:24:26,600 Speaker 1: I think, Matt, the social connections that you're mentioning here, 533 00:24:26,920 --> 00:24:29,919 Speaker 1: they produce more than just social benefits. It's not just 534 00:24:29,920 --> 00:24:32,640 Speaker 1: that being in the office more is good because oh 535 00:24:32,680 --> 00:24:35,160 Speaker 1: it's nice to see Sam or Jill or whatever and 536 00:24:35,200 --> 00:24:37,560 Speaker 1: to like have some water cooler talk. Like I do 537 00:24:37,600 --> 00:24:41,200 Speaker 1: think that is like massively helpful from a personal standpoint, 538 00:24:41,400 --> 00:24:43,040 Speaker 1: But on top of that, I think that those social 539 00:24:43,040 --> 00:24:46,520 Speaker 1: connections foster a whole lot of potential career growth. 540 00:24:46,320 --> 00:24:46,880 Speaker 2: At the same time. 541 00:24:46,920 --> 00:24:50,119 Speaker 1: So I think there's multiple benefits to being the office 542 00:24:50,119 --> 00:24:52,359 Speaker 1: more and to being more connected to the people that 543 00:24:52,400 --> 00:24:52,880 Speaker 1: you work with. 544 00:24:52,960 --> 00:24:55,280 Speaker 2: Totally. Yeah, it's good for you as an individual from 545 00:24:55,560 --> 00:24:59,119 Speaker 2: a personal holistic health standpoint because I think having friends 546 00:24:59,160 --> 00:25:02,119 Speaker 2: and that this leads to other healthier outcomes for you 547 00:25:02,200 --> 00:25:04,280 Speaker 2: as an individual. But also, like you said, from a 548 00:25:04,280 --> 00:25:05,360 Speaker 2: financial standpoint as well. 549 00:25:05,520 --> 00:25:07,200 Speaker 1: Your friends might be like, oh, you're playing that new 550 00:25:07,320 --> 00:25:09,920 Speaker 1: Zelda game six hours a day, Like that's not healthy, dude, 551 00:25:09,920 --> 00:25:11,520 Speaker 1: what you up to? Come hang out with us more, 552 00:25:11,560 --> 00:25:13,920 Speaker 1: go for a hike, whatever, And they have the ability 553 00:25:13,960 --> 00:25:16,959 Speaker 1: to get you out of that funk more than it's 554 00:25:17,000 --> 00:25:18,600 Speaker 1: hard to get yourself out of that. But that's what 555 00:25:18,680 --> 00:25:20,359 Speaker 1: pull yourself out of that other people that you might 556 00:25:20,359 --> 00:25:21,800 Speaker 1: find yourself can do for you. 557 00:25:21,960 --> 00:25:24,000 Speaker 2: Yeah, and ultimately too, I think one of the biggest 558 00:25:24,040 --> 00:25:26,880 Speaker 2: pros to keep in mind is just because your boss 559 00:25:26,920 --> 00:25:29,399 Speaker 2: wants you to write, it's like, aside from what data 560 00:25:29,560 --> 00:25:33,000 Speaker 2: might show and what productivity research might show that like, 561 00:25:33,000 --> 00:25:35,040 Speaker 2: oh no, in fact, you are able to be quite 562 00:25:35,119 --> 00:25:37,760 Speaker 2: as productive and collaborate with your coworkers just as much. 563 00:25:37,960 --> 00:25:40,560 Speaker 2: That's my nerdy researcher voice, just as much as if 564 00:25:40,560 --> 00:25:42,520 Speaker 2: you were there in real life. Well, it doesn't really 565 00:25:42,600 --> 00:25:45,760 Speaker 2: matter if your boss doesn't care. They might not care 566 00:25:45,800 --> 00:25:47,840 Speaker 2: about the research exactly. I might say, this is a 567 00:25:47,840 --> 00:25:49,399 Speaker 2: new rule, this is top down. I don't even have 568 00:25:49,440 --> 00:25:52,280 Speaker 2: any say over how this typically. Yeah, And so as 569 00:25:52,280 --> 00:25:55,080 Speaker 2: long as you are there working under that supervisor, or 570 00:25:55,080 --> 00:25:57,040 Speaker 2: you have a boss that believes that it's important to 571 00:25:57,080 --> 00:25:59,040 Speaker 2: keep that in mind as well, that it just might 572 00:25:59,080 --> 00:26:00,720 Speaker 2: be the not I don't want to call it like 573 00:26:00,760 --> 00:26:03,040 Speaker 2: the path of least resistance, But just because your boss 574 00:26:03,040 --> 00:26:05,800 Speaker 2: wants you to like that is your like the quickest 575 00:26:05,800 --> 00:26:08,920 Speaker 2: way for you to earn more money at that company is. 576 00:26:08,840 --> 00:26:11,320 Speaker 1: Through your supervisor. That's not through boss. You're saying, that's 577 00:26:11,359 --> 00:26:14,240 Speaker 1: not an insufficient reason. That is reason enough to maybe yes, 578 00:26:14,840 --> 00:26:17,960 Speaker 1: do the thing exactly exactly. But there are downsides, of course, 579 00:26:17,960 --> 00:26:21,280 Speaker 1: of going back to the office as well. And I 580 00:26:21,320 --> 00:26:23,840 Speaker 1: think we wanted to start with the pros. I guess 581 00:26:23,840 --> 00:26:27,879 Speaker 1: because I think many folks aren't necessarily talking about the pros. 582 00:26:27,960 --> 00:26:30,120 Speaker 1: I think a lot of folks are focusing on the cons. Again, 583 00:26:30,200 --> 00:26:31,800 Speaker 1: we say what we're getting to now, people have gotten 584 00:26:31,880 --> 00:26:34,160 Speaker 1: kind of used to a life of work from home, 585 00:26:34,280 --> 00:26:38,240 Speaker 1: used to the added flexibility, and it's the default argument exactly. 586 00:26:38,280 --> 00:26:41,080 Speaker 1: And after three years, I get it that you maybe 587 00:26:41,200 --> 00:26:43,840 Speaker 1: kind of reject wholesale the idea of going back into 588 00:26:43,840 --> 00:26:46,360 Speaker 1: the office at all. But that's why we wanted to highlight. Yeah, 589 00:26:46,359 --> 00:26:48,560 Speaker 1: well there's actually some perks, and not just perks for 590 00:26:48,600 --> 00:26:50,760 Speaker 1: the business, but perks for you. But there are also 591 00:26:50,800 --> 00:26:51,560 Speaker 1: cons that's. 592 00:26:51,440 --> 00:26:55,160 Speaker 2: Right, and well, commuting specifically, I think is like rises. 593 00:26:55,240 --> 00:26:57,919 Speaker 2: It's the cream that rises to the top. Yeah, for 594 00:26:58,000 --> 00:27:01,160 Speaker 2: anybody who no longer has to commute, but yeah, getting 595 00:27:01,200 --> 00:27:03,560 Speaker 2: of the car, driving a long distance, wasting time, wasting 596 00:27:03,560 --> 00:27:06,240 Speaker 2: money that you had otherwise that you were able to 597 00:27:06,280 --> 00:27:08,639 Speaker 2: bring back into your personal life, Like that is one 598 00:27:08,680 --> 00:27:11,440 Speaker 2: of the big ones. And I will say commuting is 599 00:27:11,480 --> 00:27:14,040 Speaker 2: not all bad, right, depending on what it is that 600 00:27:14,080 --> 00:27:16,720 Speaker 2: your commute looks like. But we did do an episode 601 00:27:16,760 --> 00:27:18,640 Speaker 2: like way back in the day, and I still remember 602 00:27:18,680 --> 00:27:21,280 Speaker 2: this title, but your commute is killing You. And that 603 00:27:21,440 --> 00:27:23,960 Speaker 2: was like early early on, that was like first year 604 00:27:23,960 --> 00:27:25,720 Speaker 2: of podcasts. Yeah, this is a long time ago, and 605 00:27:25,920 --> 00:27:28,680 Speaker 2: back in the days, we still mostly feel this way. Yeah, 606 00:27:28,800 --> 00:27:31,119 Speaker 2: the commuting is mostly a waste of time, and you 607 00:27:31,160 --> 00:27:33,040 Speaker 2: should live closer to where you work and all that 608 00:27:33,119 --> 00:27:35,359 Speaker 2: kind of stuff. That's right. Well, yeah, seeing if you 609 00:27:35,400 --> 00:27:37,679 Speaker 2: can bike, when you can carpooling with coworkers, that's a 610 00:27:37,680 --> 00:27:39,600 Speaker 2: way that for you to facilitate some of that social 611 00:27:39,600 --> 00:27:41,919 Speaker 2: connection as well. Those are all ways to make the 612 00:27:41,920 --> 00:27:44,879 Speaker 2: commute less vicious. But if you live farther away, you know, 613 00:27:44,960 --> 00:27:46,920 Speaker 2: and you've clawed back an hour or two of your 614 00:27:46,960 --> 00:27:50,680 Speaker 2: life thanks to working from home home, I totally get 615 00:27:50,760 --> 00:27:53,000 Speaker 2: your reticence to give it up and to even go 616 00:27:53,080 --> 00:27:54,560 Speaker 2: back into the office even two days a week. 617 00:27:54,640 --> 00:27:57,439 Speaker 1: Yeah, I can't imagine going from a zero hour commute 618 00:27:57,480 --> 00:28:00,359 Speaker 1: to a two or two plus hour commute every day. 619 00:28:00,359 --> 00:28:02,159 Speaker 1: I mean, that's that's ten hours of your life. Or 620 00:28:02,240 --> 00:28:03,800 Speaker 1: let's say you're doing the hybrid thing, Let's say that's 621 00:28:03,800 --> 00:28:06,520 Speaker 1: six hours of your life sucked back dry every day 622 00:28:06,520 --> 00:28:08,600 Speaker 1: and all the logistics that go along with that, especially 623 00:28:08,640 --> 00:28:11,879 Speaker 1: if you have kids, no fun and sitting in the 624 00:28:11,880 --> 00:28:15,080 Speaker 1: car for that long sucks like and it's not it's 625 00:28:15,160 --> 00:28:18,480 Speaker 1: not a good sustainable thing for most folks. 626 00:28:18,480 --> 00:28:20,160 Speaker 2: Over a long period of time. I mean and back 627 00:28:20,160 --> 00:28:22,640 Speaker 2: on that episode we talked about how it's literally killing you, 628 00:28:22,680 --> 00:28:25,960 Speaker 2: like essentially we believe it's just bad for your health. Yeah. Yeah. 629 00:28:26,000 --> 00:28:27,199 Speaker 1: One of the things that you and I we love 630 00:28:27,200 --> 00:28:29,520 Speaker 1: about our commute to this our little how to money clubhouse. 631 00:28:29,680 --> 00:28:31,919 Speaker 1: We get the bike and it's literally three quarters of 632 00:28:31,960 --> 00:28:34,560 Speaker 1: a mile like where it's a six minute commute maybe, 633 00:28:34,640 --> 00:28:36,399 Speaker 1: and you know, we get some sunlight, We get a 634 00:28:36,400 --> 00:28:37,360 Speaker 1: bit of exercise, like. 635 00:28:37,280 --> 00:28:38,760 Speaker 2: Ten or fifteen minutes for me, is it okay? 636 00:28:38,760 --> 00:28:40,360 Speaker 1: It's a little a little bit longer, little for like 637 00:28:40,440 --> 00:28:41,720 Speaker 1: I take my time, you know what, like a mile 638 00:28:41,760 --> 00:28:44,400 Speaker 1: and a quarter maybe, And I don't know. It's just 639 00:28:44,440 --> 00:28:46,239 Speaker 1: a really healthy way to start the day, even though 640 00:28:46,240 --> 00:28:48,040 Speaker 1: we're not going on like a big or as twenty 641 00:28:48,040 --> 00:28:50,840 Speaker 1: minute bike ride or thirty minute bike ride. That little 642 00:28:50,840 --> 00:28:54,120 Speaker 1: bit gets the blood flowing, gets me excited to kind 643 00:28:54,160 --> 00:28:55,480 Speaker 1: of come in some fresh air. 644 00:28:55,640 --> 00:28:58,680 Speaker 2: Yeah, get some of that that Peter Atilla sunlight exposure 645 00:28:58,800 --> 00:29:00,960 Speaker 2: to make sure that your sleeps like those are falling 646 00:29:00,960 --> 00:29:02,120 Speaker 2: into place like they're supposed to. 647 00:29:02,080 --> 00:29:04,640 Speaker 1: Be exactly well. And you know that the way a 648 00:29:04,680 --> 00:29:06,000 Speaker 1: lot of people have done things for a lot of 649 00:29:06,080 --> 00:29:08,040 Speaker 1: years in this country. It's from the house to the car, 650 00:29:08,120 --> 00:29:10,120 Speaker 1: to the office, then back to the car and then 651 00:29:10,160 --> 00:29:12,440 Speaker 1: the house again. And when done on repeat, that can 652 00:29:12,480 --> 00:29:15,120 Speaker 1: be a really dismal way to live. And you are 653 00:29:15,200 --> 00:29:18,880 Speaker 1: missing out on nature and sunlight and physicality and all 654 00:29:18,920 --> 00:29:21,160 Speaker 1: of the above. So, yeah, you're right. I mean, I 655 00:29:21,160 --> 00:29:24,560 Speaker 1: think if you're in a lengthy commute day after day, 656 00:29:25,080 --> 00:29:27,800 Speaker 1: it has adverse effects in the here and now, but 657 00:29:27,880 --> 00:29:30,640 Speaker 1: also over a longer period of time, those things compound, 658 00:29:31,040 --> 00:29:33,320 Speaker 1: and just like you returns into four one k compound, 659 00:29:33,440 --> 00:29:34,920 Speaker 1: but they're compounding to your detriment. 660 00:29:35,080 --> 00:29:37,680 Speaker 2: Yeah. Absolutely. And this isn't to say like that if 661 00:29:37,720 --> 00:29:39,880 Speaker 2: you were to work from home that you're automatically going 662 00:29:39,920 --> 00:29:42,160 Speaker 2: to be healthier and that you're going to all of 663 00:29:42,200 --> 00:29:45,160 Speaker 2: a sudden be you know, like you're going to take 664 00:29:45,160 --> 00:29:47,320 Speaker 2: one hour of walks during your lunch break. Can Now 665 00:29:47,320 --> 00:29:49,239 Speaker 2: I work from home and I have this freedom, we 666 00:29:49,400 --> 00:29:51,680 Speaker 2: envision life being that way, but I think very few 667 00:29:51,680 --> 00:29:55,120 Speaker 2: folks actually go through and take those steps I think 668 00:29:55,120 --> 00:29:56,760 Speaker 2: implement some of these healthy behaviors. I think if you 669 00:29:56,760 --> 00:29:58,680 Speaker 2: work from home, it's really important to kind of come 670 00:29:58,760 --> 00:30:00,920 Speaker 2: up with your own commute. Maybe that might be a 671 00:30:00,960 --> 00:30:03,000 Speaker 2: five minute walk around the block before you start, but 672 00:30:03,120 --> 00:30:06,960 Speaker 2: creating that space in between home life and work life, 673 00:30:07,040 --> 00:30:08,840 Speaker 2: even if you work from home. I think it's a 674 00:30:08,880 --> 00:30:11,040 Speaker 2: really healthy thing to try. Yeah, okay, I think some 675 00:30:11,080 --> 00:30:12,960 Speaker 2: folks would say, like, that's one of the few upsides 676 00:30:13,000 --> 00:30:17,160 Speaker 2: to having a commute, right, is the ability to create silos, 677 00:30:17,320 --> 00:30:19,800 Speaker 2: to kind of differentiate and create boundaries between your work 678 00:30:19,800 --> 00:30:22,800 Speaker 2: and home life. But again, it doesn't automatically mean that 679 00:30:22,800 --> 00:30:25,520 Speaker 2: you're going to do those things. But working from home 680 00:30:25,680 --> 00:30:28,680 Speaker 2: does allow you to technically have a framework or have 681 00:30:28,760 --> 00:30:30,880 Speaker 2: some time that you no longer are Like you said, Joel, 682 00:30:30,880 --> 00:30:33,360 Speaker 2: commuting say six hours a week, that is a lot 683 00:30:33,400 --> 00:30:36,000 Speaker 2: of time that you can dedicate towards a healthier life. Well. 684 00:30:36,040 --> 00:30:39,680 Speaker 1: And also, most people don't factor in that how much 685 00:30:39,720 --> 00:30:43,200 Speaker 1: that commute impacts what they're actually earning. Right, So I 686 00:30:43,240 --> 00:30:45,120 Speaker 1: think if you factor in your job not as a 687 00:30:45,120 --> 00:30:47,080 Speaker 1: forty hour a week job, but as a forty six 688 00:30:47,120 --> 00:30:48,680 Speaker 1: hour a week job, oh yeah, it's like, oh my 689 00:30:48,720 --> 00:30:50,240 Speaker 1: hourly rate just went down, because just. 690 00:30:50,240 --> 00:30:51,200 Speaker 2: Went down significantly. 691 00:30:51,240 --> 00:30:55,080 Speaker 1: Your work your work requirements extend outside of just kind 692 00:30:55,120 --> 00:30:57,440 Speaker 1: of the nine to five office hours or whatever that 693 00:30:57,880 --> 00:31:00,120 Speaker 1: and some people work more hours than that. Anyway, you 694 00:31:00,120 --> 00:31:03,160 Speaker 1: have to figure out the overall financial implications of the 695 00:31:03,200 --> 00:31:05,040 Speaker 1: work you're doing. And I think for a lot of 696 00:31:05,040 --> 00:31:08,600 Speaker 1: people that commute, maybe if you're not kind of thinking 697 00:31:08,600 --> 00:31:11,320 Speaker 1: about your job and the fact that your hourly rate, 698 00:31:11,640 --> 00:31:14,120 Speaker 1: it might not be as good as as you think 699 00:31:14,160 --> 00:31:14,360 Speaker 1: it is. 700 00:31:14,440 --> 00:31:15,880 Speaker 2: That's right. I keep that in mind next time you 701 00:31:16,000 --> 00:31:20,240 Speaker 2: hit a load of traffic, right, imagine your hourly wage dropping. 702 00:31:20,760 --> 00:31:23,360 Speaker 2: But I agree it certainly impacts your finances as well, 703 00:31:23,360 --> 00:31:26,000 Speaker 2: because the more you work from home, especially if it's 704 00:31:26,000 --> 00:31:28,600 Speaker 2: been a more permanent situation, it allows a lot of 705 00:31:28,640 --> 00:31:32,040 Speaker 2: folks the ability to cut a car from their life. 706 00:31:32,080 --> 00:31:33,640 Speaker 2: You can see a big chunk of money each and 707 00:31:33,680 --> 00:31:36,640 Speaker 2: every month. Not to mention, of course, just the actual 708 00:31:36,720 --> 00:31:39,640 Speaker 2: cost of gas of you know, fueling up your vehicle 709 00:31:39,680 --> 00:31:40,080 Speaker 2: to get to work. 710 00:31:40,120 --> 00:31:42,400 Speaker 1: It's really the appreciation, the insurance, all the other stuff 711 00:31:42,400 --> 00:31:42,920 Speaker 1: on top of that. 712 00:31:42,960 --> 00:31:45,480 Speaker 2: And it's, oh man, if these are real costs that 713 00:31:45,520 --> 00:31:47,360 Speaker 2: we're talking about here, like real dollars that you are 714 00:31:47,400 --> 00:31:49,720 Speaker 2: spending in order to commute to work, and if your car. 715 00:31:49,640 --> 00:31:51,800 Speaker 1: Is mostly a get to work sort of vehicle, like 716 00:31:51,840 --> 00:31:54,400 Speaker 1: that's something else that's really kind of going against you 717 00:31:54,480 --> 00:31:57,280 Speaker 1: from a pay standpoint, and it's lowering your hourly. 718 00:31:57,080 --> 00:31:59,680 Speaker 2: Wage, and so in addition to just the cost of 719 00:31:59,680 --> 00:32:03,120 Speaker 2: transfer roation, just with the flexibility that working from home offers, 720 00:32:03,200 --> 00:32:05,200 Speaker 2: A big con of having to go back into the 721 00:32:05,200 --> 00:32:07,600 Speaker 2: office is that a lot of folks are no longer 722 00:32:07,600 --> 00:32:09,000 Speaker 2: going to be able to save when it comes to 723 00:32:09,600 --> 00:32:12,800 Speaker 2: the ability to cut childcare costs from their lives. The 724 00:32:12,880 --> 00:32:15,280 Speaker 2: ability to work from home, it gives you a taste 725 00:32:15,320 --> 00:32:18,920 Speaker 2: of flexibility, I mean, like being like owning our own business. 726 00:32:19,200 --> 00:32:22,080 Speaker 2: That's I think that's tops right, Like the ability for 727 00:32:22,160 --> 00:32:24,520 Speaker 2: us to work during the hours that we want to 728 00:32:24,640 --> 00:32:27,120 Speaker 2: and to kind of set our schedule. And folks who 729 00:32:27,920 --> 00:32:29,920 Speaker 2: didn't have to go into the office, they got a 730 00:32:29,960 --> 00:32:31,600 Speaker 2: taste of that. Yeah, And I think that's one of 731 00:32:31,640 --> 00:32:34,080 Speaker 2: the big too, that running your own business is actually 732 00:32:34,120 --> 00:32:36,520 Speaker 2: harder in some ways because certainly in some ways, yeah, 733 00:32:36,520 --> 00:32:38,640 Speaker 2: because you might be on call more than you'd like to. Sure, 734 00:32:38,640 --> 00:32:40,320 Speaker 2: but yeah, it's up to the individual, I guess to 735 00:32:40,360 --> 00:32:43,080 Speaker 2: decide how on call they want to be. But bottom line, 736 00:32:43,120 --> 00:32:45,040 Speaker 2: you and I like we've got way more like, yes, 737 00:32:45,080 --> 00:32:47,680 Speaker 2: there's additional responsibility, but we've got the most flexibility. Like 738 00:32:47,720 --> 00:32:50,600 Speaker 2: if we want to say, hey, we're gonna not work 739 00:32:50,640 --> 00:32:53,480 Speaker 2: next week because you're going to live in Florida for 740 00:32:53,480 --> 00:32:57,240 Speaker 2: a week, which is like, actually true, is actually happening. 741 00:32:57,440 --> 00:32:59,320 Speaker 2: We have the ability to do that, and folks have 742 00:32:59,360 --> 00:33:01,720 Speaker 2: had a taste of right as they've been able to 743 00:33:01,760 --> 00:33:04,720 Speaker 2: work from home. Even just the daily chores that we 744 00:33:04,760 --> 00:33:07,160 Speaker 2: have to, Like you went to the DMV last week, 745 00:33:07,400 --> 00:33:10,240 Speaker 2: that's not something you can wait to do after five 746 00:33:10,280 --> 00:33:13,840 Speaker 2: o'clock because typically the government office and they close that vibe. 747 00:33:14,200 --> 00:33:15,640 Speaker 2: Or it's not just stuff that you have to do, 748 00:33:15,640 --> 00:33:17,280 Speaker 2: but things that you want to do, like going to 749 00:33:17,320 --> 00:33:20,040 Speaker 2: have lunch with your kid at school, that's not something 750 00:33:20,040 --> 00:33:22,200 Speaker 2: you can do after five o'clock as well. It's so 751 00:33:22,240 --> 00:33:24,440 Speaker 2: it's important to think through some of these additional costs 752 00:33:24,800 --> 00:33:28,239 Speaker 2: and I guess the flexibility that you've given up. But 753 00:33:28,280 --> 00:33:31,120 Speaker 2: in addition to I guess the flexibility I'm thinking of. 754 00:33:31,320 --> 00:33:34,720 Speaker 2: So we're talking about costs, there's like these tertiary costs 755 00:33:34,720 --> 00:33:37,440 Speaker 2: associated with going into the office as well. I bet 756 00:33:37,440 --> 00:33:39,280 Speaker 2: there's a lot of folks who haven't really updated their 757 00:33:39,320 --> 00:33:42,840 Speaker 2: wardrobe since the pandemic kicked in because they're like, would 758 00:33:42,840 --> 00:33:44,600 Speaker 2: you look at me like that? I'm always looking at 759 00:33:44,560 --> 00:33:47,720 Speaker 2: it regard but we don't really have to because we 760 00:33:47,760 --> 00:33:49,520 Speaker 2: come again, we just come into our t shirts and 761 00:33:49,560 --> 00:33:53,360 Speaker 2: shorts every day exactly. But for folks who are there's 762 00:33:53,400 --> 00:33:55,600 Speaker 2: a certain expectation when you go into a certain kind 763 00:33:55,640 --> 00:33:58,680 Speaker 2: of office that you are dressed a certain way. And 764 00:33:58,840 --> 00:34:00,560 Speaker 2: even if you're just zooming in, at the very least, 765 00:34:00,560 --> 00:34:02,440 Speaker 2: all you need is like a decent shirt, you know, 766 00:34:02,680 --> 00:34:04,120 Speaker 2: but you ain't got to worry about your from the 767 00:34:04,160 --> 00:34:06,600 Speaker 2: waist down. But when you go to the office, you 768 00:34:06,600 --> 00:34:08,720 Speaker 2: gotta wear about your shoes, your you know, your pants. 769 00:34:09,520 --> 00:34:13,480 Speaker 2: But then again, financial impacts. I'm thinking of the temptation 770 00:34:13,640 --> 00:34:16,400 Speaker 2: to spend more money, so like going out for lunch, 771 00:34:16,880 --> 00:34:19,480 Speaker 2: having friends of the office. It's like a blessing endocurse, 772 00:34:19,600 --> 00:34:20,960 Speaker 2: I guess. But you're you're also going to be more 773 00:34:21,000 --> 00:34:25,120 Speaker 2: tempted to spend your money in more frivolous ways, like 774 00:34:25,200 --> 00:34:27,759 Speaker 2: going out to eat, because that's what everybody's doing. Yeah, 775 00:34:27,800 --> 00:34:30,600 Speaker 2: you get pulled into a certain lifestyle that you may 776 00:34:30,719 --> 00:34:34,360 Speaker 2: not if you're naturally frugal, you may not naturally be 777 00:34:34,440 --> 00:34:36,600 Speaker 2: thinking as you're working from home, oh yeah, I want 778 00:34:36,640 --> 00:34:38,440 Speaker 2: to go out to eat today for lunch. Like you're no, 779 00:34:38,480 --> 00:34:40,359 Speaker 2: you're probably gonna eat the leftovers. But if you are 780 00:34:40,400 --> 00:34:42,719 Speaker 2: surrounded by folks who are doing that, then that can 781 00:34:42,840 --> 00:34:46,600 Speaker 2: have a relatively small impact. But again, those small expenses 782 00:34:46,840 --> 00:34:48,200 Speaker 2: build in compound over time. 783 00:34:48,280 --> 00:34:50,320 Speaker 1: Well that's why I think this hybrid approach that a 784 00:34:50,440 --> 00:34:52,440 Speaker 1: lot of employers seem to be taking. They seem to 785 00:34:52,480 --> 00:34:54,520 Speaker 1: be saying, listen, we're not pulling the rug all the 786 00:34:54,600 --> 00:34:56,239 Speaker 1: way out, but we do want you to come back 787 00:34:56,239 --> 00:34:58,279 Speaker 1: in two or three days a week is probably the 788 00:34:58,280 --> 00:35:00,400 Speaker 1: healthiest for the company and for the end of visual 789 00:35:00,840 --> 00:35:03,719 Speaker 1: But I get that it's also not as easy as that, 790 00:35:03,760 --> 00:35:07,239 Speaker 1: and everybody has a different cost benefit analysis that they 791 00:35:07,239 --> 00:35:08,799 Speaker 1: have to run in their own lives. So we're going 792 00:35:08,880 --> 00:35:10,319 Speaker 1: to get to We're going to talk about what to 793 00:35:10,400 --> 00:35:12,839 Speaker 1: do if your company is saying is calling you back 794 00:35:12,840 --> 00:35:15,319 Speaker 1: into the office, and how do you respond. We'll get 795 00:35:15,320 --> 00:35:17,480 Speaker 1: to some of our thoughts on that right after this. 796 00:35:27,200 --> 00:35:30,000 Speaker 2: All right, we are back, and let's continue our discussion 797 00:35:30,040 --> 00:35:34,520 Speaker 2: about the workplace slash, working from home whiplash that a 798 00:35:34,520 --> 00:35:38,000 Speaker 2: lot of folks have experienced. And of course we need 799 00:35:38,040 --> 00:35:40,320 Speaker 2: to address the fact that different businesses and different industries 800 00:35:40,360 --> 00:35:44,000 Speaker 2: they've got different needs for in person collaboration. We've been 801 00:35:44,040 --> 00:35:46,759 Speaker 2: talking about sports. I guess I feel like more with 802 00:35:46,840 --> 00:35:50,160 Speaker 2: just the messy signing in Miami. But like, I don't 803 00:35:50,200 --> 00:35:55,120 Speaker 2: know if professional athletes listen to our podcast. Mess definitely listens. 804 00:35:55,120 --> 00:35:56,960 Speaker 1: He's trying to figure out how do I spend How 805 00:35:57,120 --> 00:35:58,960 Speaker 1: I spend that one hundred and fifty million year or. 806 00:35:58,920 --> 00:36:02,319 Speaker 2: Whatever he's getting now the dollars. Yeah, But like if 807 00:36:02,400 --> 00:36:06,239 Speaker 2: you are an NBA player and you're listening, like you 808 00:36:06,239 --> 00:36:09,280 Speaker 2: can't work from home, and some of the anger, honestly 809 00:36:09,320 --> 00:36:11,799 Speaker 2: that the laptop class is expressing it, Like, I think 810 00:36:11,800 --> 00:36:14,440 Speaker 2: it wrangles folks in the service industry who have been 811 00:36:14,480 --> 00:36:16,840 Speaker 2: going into work all along, like ever since you know, 812 00:36:16,880 --> 00:36:21,480 Speaker 2: they were considered was the term necessary workers? Oh? Essential workers? Yeah? 813 00:36:21,480 --> 00:36:23,520 Speaker 1: Anyway, Yeah, Well, which both of my parents were. My 814 00:36:23,560 --> 00:36:25,920 Speaker 1: mom's a nurse and my dad stocked grocery store shelves 815 00:36:25,960 --> 00:36:28,000 Speaker 1: and so because a very in person job. And they 816 00:36:28,000 --> 00:36:29,640 Speaker 1: were also more at risk because they were older. And 817 00:36:29,880 --> 00:36:32,839 Speaker 1: I get that that maybe some of the moaning from 818 00:36:32,840 --> 00:36:35,120 Speaker 1: the laptop class. I think it it made them a 819 00:36:35,160 --> 00:36:37,200 Speaker 1: little annoyed too, because they're like, listen, I'm I'm going 820 00:36:37,239 --> 00:36:38,560 Speaker 1: in here every day risking my life. 821 00:36:38,600 --> 00:36:39,239 Speaker 2: Sure, and there are a lot. 822 00:36:39,200 --> 00:36:41,640 Speaker 1: Of people who are upset if they have to come 823 00:36:41,760 --> 00:36:44,080 Speaker 1: work in person a couple of days a week. So yeah, 824 00:36:44,120 --> 00:36:46,200 Speaker 1: there is a divide there between kind of the laptop 825 00:36:46,239 --> 00:36:48,480 Speaker 1: class and the service industry folks totally. 826 00:36:48,520 --> 00:36:51,040 Speaker 2: And that's worth worth mentioning because, like so much of 827 00:36:51,040 --> 00:36:53,480 Speaker 2: this trend, like how it is that it impacts you, 828 00:36:53,520 --> 00:36:55,319 Speaker 2: It depends on the kind of work that you do. 829 00:36:55,360 --> 00:36:57,080 Speaker 2: We understand that there's a lot of folks out there 830 00:36:57,239 --> 00:36:59,400 Speaker 2: who don't have the luxury. They don't have the choice 831 00:36:59,400 --> 00:37:01,760 Speaker 2: to say, Okay, what am I going to do now? Okay, 832 00:37:01,760 --> 00:37:04,040 Speaker 2: I can't do anything right to what I've always been 833 00:37:04,040 --> 00:37:05,840 Speaker 2: doing for the past, you know, ten years or so. 834 00:37:05,840 --> 00:37:08,640 Speaker 1: So let's talk about how you react as an individual 835 00:37:08,760 --> 00:37:10,759 Speaker 1: worker if you do have that ability, if you've got 836 00:37:10,800 --> 00:37:13,359 Speaker 1: the ability, and you you are the kind of person 837 00:37:13,400 --> 00:37:16,200 Speaker 1: who can and has been working from home, And part 838 00:37:16,200 --> 00:37:18,799 Speaker 1: of it starts with kind of beginning a discussion with 839 00:37:19,160 --> 00:37:21,880 Speaker 1: your employer. And and you know, we mentioned earlier that 840 00:37:21,920 --> 00:37:24,040 Speaker 1: employees don't have as much leverage as they had, say 841 00:37:24,080 --> 00:37:27,600 Speaker 1: a year or two ago, when you know, employees were 842 00:37:27,600 --> 00:37:30,840 Speaker 1: in massive, massive, high demand and they were getting paid fifteen, 843 00:37:30,880 --> 00:37:33,760 Speaker 1: twenty percent, thirty percent more to move on down the road, 844 00:37:34,120 --> 00:37:38,040 Speaker 1: and basically, your wish is my command. But my goodness, 845 00:37:38,040 --> 00:37:40,160 Speaker 1: it's worth having a conversation with your manager to see 846 00:37:40,160 --> 00:37:42,960 Speaker 1: what sort of arrangement you can work out if they 847 00:37:43,000 --> 00:37:45,080 Speaker 1: make this call for you to come back and into work, 848 00:37:45,120 --> 00:37:47,440 Speaker 1: whether it's full time or hybrid, And especially if you're 849 00:37:47,480 --> 00:37:50,400 Speaker 1: one of those people who made significant life changes like 850 00:37:50,520 --> 00:37:53,319 Speaker 1: moving farther from the office or whatever, it's it's worth 851 00:37:53,400 --> 00:37:56,719 Speaker 1: having that conversation. Be respectful, be kind, but push for 852 00:37:56,760 --> 00:37:59,520 Speaker 1: a more flexible arrangement. And you know, there might be 853 00:37:59,520 --> 00:38:03,200 Speaker 1: some employees who are hard and fast, right, and this 854 00:38:03,239 --> 00:38:05,000 Speaker 1: is the way it's got to be. But I think 855 00:38:05,160 --> 00:38:08,560 Speaker 1: other employers might be sympathetic to the changes you've made 856 00:38:08,560 --> 00:38:10,480 Speaker 1: in your life and they might be willing to make 857 00:38:10,520 --> 00:38:11,040 Speaker 1: an excepsion. 858 00:38:11,080 --> 00:38:13,760 Speaker 2: But you don't know. If you don't have the conversation exactly, 859 00:38:13,920 --> 00:38:15,560 Speaker 2: you are not going to receive if you don't ask. 860 00:38:15,600 --> 00:38:17,799 Speaker 2: And I think it comes down to being specific as well. 861 00:38:17,920 --> 00:38:20,000 Speaker 2: And so if you have a boss like outline how 862 00:38:20,040 --> 00:38:22,239 Speaker 2: it is that you are still going to accomplish the 863 00:38:22,280 --> 00:38:24,719 Speaker 2: same goals that you had been be specific when it 864 00:38:24,760 --> 00:38:27,480 Speaker 2: comes to okay, this is how I'm going to continue 865 00:38:27,480 --> 00:38:29,200 Speaker 2: to be able to work on this project and be 866 00:38:29,360 --> 00:38:32,680 Speaker 2: just as productive. But I also think too, if you've 867 00:38:32,719 --> 00:38:35,720 Speaker 2: got a boss who's maybe worried about like your timeliness 868 00:38:35,800 --> 00:38:38,200 Speaker 2: because they're like, well, I know you're working from home, 869 00:38:38,200 --> 00:38:40,320 Speaker 2: but you're kind of working all sorts of odd hours 870 00:38:40,360 --> 00:38:42,719 Speaker 2: of the day or night. I think it's worth being 871 00:38:42,760 --> 00:38:45,000 Speaker 2: specific here as well, in kind of outlining, well, this 872 00:38:45,080 --> 00:38:47,239 Speaker 2: is what my typical day is going to look like 873 00:38:47,480 --> 00:38:48,960 Speaker 2: in a pro You know, it's not going to be 874 00:38:49,719 --> 00:38:52,440 Speaker 2: the exact same every single day, but like, generally speaking, 875 00:38:52,520 --> 00:38:54,560 Speaker 2: this is kind of when I'm expecting that I'll be 876 00:38:54,560 --> 00:38:57,080 Speaker 2: able to work when I when I don't want to work. 877 00:38:57,160 --> 00:39:00,160 Speaker 2: This It makes me think of conversation we have with 878 00:39:00,200 --> 00:39:03,680 Speaker 2: Alex Carter about getting paid what you're worth. And she 879 00:39:03,760 --> 00:39:06,480 Speaker 2: had a client somebody that she was advising, and one 880 00:39:06,480 --> 00:39:10,000 Speaker 2: of the things that that executive she wanted to make 881 00:39:10,040 --> 00:39:12,480 Speaker 2: sure that she was basically like off the clock from 882 00:39:12,560 --> 00:39:14,880 Speaker 2: like four pm to eight pm or something like that, 883 00:39:14,920 --> 00:39:18,200 Speaker 2: basically whenever her kids were home from school. She wanted 884 00:39:18,320 --> 00:39:20,759 Speaker 2: it was like a blackout period and she was not accessible. 885 00:39:20,800 --> 00:39:22,080 Speaker 2: That was very important to her. 886 00:39:22,239 --> 00:39:24,000 Speaker 1: She's like, listen, I'll respond to emails from eight to 887 00:39:24,080 --> 00:39:25,920 Speaker 1: nine though for the fact, yes, I'll get back to you. 888 00:39:26,200 --> 00:39:30,760 Speaker 2: So even just communicating and not leaving it like unknown 889 00:39:30,920 --> 00:39:33,399 Speaker 2: as to when it is that you will be getting back. 890 00:39:33,440 --> 00:39:34,920 Speaker 2: I think that's the way that you can kind of 891 00:39:35,120 --> 00:39:38,759 Speaker 2: head off some of these, you know, possible hang ups 892 00:39:38,760 --> 00:39:40,319 Speaker 2: that your employer or that your boss might have. 893 00:39:40,400 --> 00:39:42,480 Speaker 1: Yeah, it's easy to say you promised her, but I've 894 00:39:42,480 --> 00:39:44,200 Speaker 1: been doing this for years and I've been just fine, 895 00:39:44,400 --> 00:39:46,120 Speaker 1: and to be combative in that, but you can say, 896 00:39:46,160 --> 00:39:48,680 Speaker 1: wait a second, Hey, guess what. I think I've been 897 00:39:48,719 --> 00:39:51,520 Speaker 1: more productive and actually I think I've dedicated more hours 898 00:39:51,560 --> 00:39:53,759 Speaker 1: to working because guess what, I'm not commuting now and 899 00:39:53,800 --> 00:39:56,200 Speaker 1: it's allowing me for more flexibility, more joy, And guess 900 00:39:56,239 --> 00:39:57,960 Speaker 1: I love this job and I don't want to. I mean, 901 00:39:57,960 --> 00:40:01,200 Speaker 1: there's a way to approach the conversation way that highlights 902 00:40:01,480 --> 00:40:04,560 Speaker 1: the win win abilities of you continue to work from home, 903 00:40:04,880 --> 00:40:08,120 Speaker 1: you know more than the boss that maybe wants you to. 904 00:40:08,719 --> 00:40:11,680 Speaker 1: And there's also a way to annoy them and to 905 00:40:11,719 --> 00:40:13,799 Speaker 1: say no, wait, we're not breaking the rules for you. 906 00:40:14,080 --> 00:40:17,080 Speaker 1: So so much comes down to your approach, in your 907 00:40:17,120 --> 00:40:20,600 Speaker 1: tone exactly, and the way you're able to talk about 908 00:40:20,920 --> 00:40:23,720 Speaker 1: how you contribute to the company. And it's also important 909 00:40:23,719 --> 00:40:25,880 Speaker 1: to mention that you might need to look elsewhere. 910 00:40:25,960 --> 00:40:26,880 Speaker 2: Right, If you're great. 911 00:40:26,640 --> 00:40:30,080 Speaker 1: At your job and your employer is taking that my 912 00:40:30,160 --> 00:40:33,080 Speaker 1: way or the highway approach, well, you know you might 913 00:40:33,080 --> 00:40:35,399 Speaker 1: need to move on and mosey on down the road 914 00:40:35,400 --> 00:40:38,840 Speaker 1: and find greener pastures. And so, I mean more flexible 915 00:40:38,840 --> 00:40:42,080 Speaker 1: employers are likely to want your services again if you're 916 00:40:42,080 --> 00:40:44,799 Speaker 1: good at what you do, and so pay bumps for 917 00:40:45,120 --> 00:40:47,680 Speaker 1: taking a job across the street. They have diminished. It's 918 00:40:47,719 --> 00:40:50,200 Speaker 1: not nearly as lucrative as it was for a while 919 00:40:50,640 --> 00:40:53,840 Speaker 1: to switch jobs, but still there is still a premium. 920 00:40:54,040 --> 00:40:55,800 Speaker 1: You're going to get paid more in all likelihood, and 921 00:40:55,840 --> 00:40:59,160 Speaker 1: the labor market is still doing quite well, and so 922 00:41:00,160 --> 00:41:02,640 Speaker 1: there's still more job openings than people who looking for jobs. 923 00:41:02,680 --> 00:41:05,319 Speaker 1: That means you don't necessarily have to take this one 924 00:41:05,320 --> 00:41:06,799 Speaker 1: on the chin. If it doesn't work for your family, 925 00:41:06,800 --> 00:41:09,080 Speaker 1: if it doesn't work for your lifestyle, I would say, 926 00:41:09,280 --> 00:41:12,080 Speaker 1: turn to the job boards, turn to your network. If 927 00:41:12,280 --> 00:41:15,480 Speaker 1: the new hybrid model or the new in the office 928 00:41:15,520 --> 00:41:18,080 Speaker 1: model isn't working for you, and it's not working for 929 00:41:18,120 --> 00:41:22,200 Speaker 1: the lifestyle that you have created for your family, for yourself, 930 00:41:22,480 --> 00:41:24,480 Speaker 1: then there's no reason to really just kind of grain 931 00:41:24,560 --> 00:41:25,000 Speaker 1: and bear it. 932 00:41:25,040 --> 00:41:27,239 Speaker 2: That's right, and we kind of briefly touched on one 933 00:41:27,239 --> 00:41:30,319 Speaker 2: of the benefits of owning your own business, the flexibility 934 00:41:30,320 --> 00:41:33,160 Speaker 2: that comes with that. But working for yourself is another 935 00:41:33,160 --> 00:41:35,640 Speaker 2: great option that's worth mentioning here because a lot of 936 00:41:35,640 --> 00:41:39,400 Speaker 2: folks they actually went this direction during the during the 937 00:41:39,400 --> 00:41:41,520 Speaker 2: heart of the pandemic. Honestly, we saw the number of 938 00:41:41,560 --> 00:41:44,879 Speaker 2: small businesses increase in a massive way, which is great. 939 00:41:44,920 --> 00:41:47,680 Speaker 2: I think it like the number of new business applications 940 00:41:47,719 --> 00:41:51,080 Speaker 2: doubled within that first year during the pandemic. And a 941 00:41:51,120 --> 00:41:54,840 Speaker 2: traditional job is nice in many ways. It certainly feels 942 00:41:54,880 --> 00:41:57,600 Speaker 2: like the safest option. But if you've got the skills 943 00:41:57,640 --> 00:41:59,359 Speaker 2: and if you've got the gumption to go out there 944 00:41:59,360 --> 00:42:03,240 Speaker 2: on your own, if you can handle that additional responsibility, 945 00:42:03,520 --> 00:42:06,319 Speaker 2: you might find that you're able to make significantly more 946 00:42:06,360 --> 00:42:07,800 Speaker 2: money than if you were employed. 947 00:42:07,920 --> 00:42:10,200 Speaker 1: The responsibility and the uncertainty. 948 00:42:10,239 --> 00:42:12,560 Speaker 2: Well, but that's the thing. There's uncertainty when it comes 949 00:42:12,560 --> 00:42:14,440 Speaker 2: to any job that you have. That's true. It feels 950 00:42:14,560 --> 00:42:18,480 Speaker 2: like a job by a company like Microsoft, who's been 951 00:42:18,480 --> 00:42:21,880 Speaker 2: around for ages, feels super secure. But again, they're one 952 00:42:21,920 --> 00:42:24,160 Speaker 2: of the companies that's significantly cutting back this year. Yep. 953 00:42:24,200 --> 00:42:27,160 Speaker 2: And you've got more just control over your own destiny. 954 00:42:27,640 --> 00:42:30,279 Speaker 2: This obviously isn't something that you can do overnight. But 955 00:42:30,719 --> 00:42:34,160 Speaker 2: if your employer isn't budging, well, then your perfect exit 956 00:42:34,200 --> 00:42:37,120 Speaker 2: strategy or your perfect off ramp could be building up 957 00:42:37,120 --> 00:42:40,120 Speaker 2: a side hustle that eventually you're able to convert into 958 00:42:40,160 --> 00:42:42,160 Speaker 2: a full time gig. Yeah. I totally agree. 959 00:42:42,239 --> 00:42:43,920 Speaker 1: All right, So let's talk about the financial side of 960 00:42:43,920 --> 00:42:47,440 Speaker 1: this too, because yeah, I love that there's a few 961 00:42:47,440 --> 00:42:50,840 Speaker 1: different options you have if you're not necessarily down with 962 00:42:51,000 --> 00:42:53,600 Speaker 1: the route that your employer is going and they're saying, hey, 963 00:42:53,600 --> 00:42:55,439 Speaker 1: we want you back in the office, and you're saying, yeah, 964 00:42:55,520 --> 00:42:57,960 Speaker 1: that doesn't work for me anymore, especially after three years 965 00:42:58,000 --> 00:43:01,640 Speaker 1: of realizing a completely different way of life. Well, the 966 00:43:02,160 --> 00:43:05,040 Speaker 1: money side, you know, being more financially prepared, that allows 967 00:43:05,080 --> 00:43:08,200 Speaker 1: you to push back, That allows you to have this 968 00:43:08,800 --> 00:43:13,759 Speaker 1: conversation without just doing exactly what your employer requires of you. 969 00:43:13,840 --> 00:43:16,439 Speaker 2: It allows you to have the fortitude to go out 970 00:43:16,480 --> 00:43:18,640 Speaker 2: and start kind of take a risk on starting your 971 00:43:18,640 --> 00:43:19,279 Speaker 2: own business. Yeah. 972 00:43:19,280 --> 00:43:20,799 Speaker 1: I mean, the more money you have saved, the more 973 00:43:20,960 --> 00:43:24,240 Speaker 1: options you have at your disposal. And that's why freedom, freedom, 974 00:43:24,280 --> 00:43:26,520 Speaker 1: we always push this is such a better use of money. 975 00:43:26,600 --> 00:43:29,640 Speaker 1: In our opinion, than buying a fancy car or whatever. Right, 976 00:43:29,800 --> 00:43:31,920 Speaker 1: it's not that if money were no object, Matt, that 977 00:43:31,920 --> 00:43:34,600 Speaker 1: I wouldn't drive something nicer, that I wouldn't have a 978 00:43:34,719 --> 00:43:37,040 Speaker 1: Rivian sitting in my driveway or something like that. Right, 979 00:43:37,080 --> 00:43:39,319 Speaker 1: I think those those are awesome cars. It's just that 980 00:43:39,480 --> 00:43:41,520 Speaker 1: I'm not going to buy it because I just don't 981 00:43:41,600 --> 00:43:44,080 Speaker 1: value it to the extent that it takes precedence over 982 00:43:44,080 --> 00:43:44,520 Speaker 1: my freedom. 983 00:43:45,120 --> 00:43:47,880 Speaker 2: You are then handcuffed to your possessions. Yeah, and hopefully 984 00:43:48,040 --> 00:43:51,480 Speaker 2: you know in your case, not financing the decisions and 985 00:43:51,560 --> 00:43:52,440 Speaker 2: the things that you've purchased. 986 00:43:52,560 --> 00:43:54,919 Speaker 1: Right, but still, but dollars aren't endless, and I would 987 00:43:55,000 --> 00:43:56,560 Speaker 1: rather have the freedom if I'm making a choice. And 988 00:43:56,600 --> 00:43:58,160 Speaker 1: so if you don't want to go back in the office, 989 00:43:58,320 --> 00:44:01,160 Speaker 1: you know, quitting is an option while you're figuring things out. 990 00:44:01,280 --> 00:44:03,160 Speaker 1: But you can only really do that if you've saved 991 00:44:03,239 --> 00:44:05,440 Speaker 1: up a decent chunk of what we call peace out money. 992 00:44:05,440 --> 00:44:05,839 Speaker 2: That's right. 993 00:44:05,880 --> 00:44:08,799 Speaker 1: The more cash you have in your bank account, the 994 00:44:08,800 --> 00:44:10,400 Speaker 1: more options you have at your disposal on the more 995 00:44:10,440 --> 00:44:13,799 Speaker 1: comfortable you can feel saying, yeah, sorry, this doesn't work 996 00:44:13,800 --> 00:44:15,760 Speaker 1: for me. I'm taking my talents in a different direction. 997 00:44:15,840 --> 00:44:18,280 Speaker 1: To South Beach or whatever Lebron James said at that time. 998 00:44:19,080 --> 00:44:21,360 Speaker 2: Yeah, no, I totally agree. Like, the more financial freedom 999 00:44:21,400 --> 00:44:25,000 Speaker 2: that you can agrue, the more you can react. However 1000 00:44:25,120 --> 00:44:27,440 Speaker 2: it is that you want to when or or if 1001 00:44:27,480 --> 00:44:29,400 Speaker 2: your boss says that you got to come into the 1002 00:44:29,400 --> 00:44:32,320 Speaker 2: office a little more often for the rest of your life. 1003 00:44:32,560 --> 00:44:34,960 Speaker 2: Because if you're well established in your career and if 1004 00:44:34,960 --> 00:44:38,359 Speaker 2: you feel more productive at home, like you might decide, well, 1005 00:44:38,360 --> 00:44:40,000 Speaker 2: I don't want to do that anymore. And if you've 1006 00:44:40,000 --> 00:44:41,799 Speaker 2: got the cash in the bank to back you up, 1007 00:44:42,040 --> 00:44:43,879 Speaker 2: you might not have to. If you have the cash 1008 00:44:43,880 --> 00:44:46,560 Speaker 2: in the bank to vacuate, like, you have the ability 1009 00:44:46,880 --> 00:44:49,800 Speaker 2: to make the decision that's best for you. You can. Again, 1010 00:44:49,880 --> 00:44:51,880 Speaker 2: you get to chart your own course. You are in 1011 00:44:51,920 --> 00:44:54,840 Speaker 2: control more of your destiny and partial because of the 1012 00:44:54,840 --> 00:44:56,640 Speaker 2: fact that you didn't buy that Rivian that's right. Yeah, 1013 00:44:56,800 --> 00:44:59,480 Speaker 2: it's saying no to certain expenses. That way, Again, you're 1014 00:44:59,520 --> 00:45:03,359 Speaker 2: not tied to the previous financial decisions that you've made 1015 00:45:03,400 --> 00:45:06,000 Speaker 2: in the past that dictate where you go in the future. 1016 00:45:06,040 --> 00:45:08,040 Speaker 1: Yeah, and let's talk about incentives for a second, Matt, 1017 00:45:08,040 --> 00:45:10,400 Speaker 1: because what you want and what your employer want are 1018 00:45:10,440 --> 00:45:14,680 Speaker 1: not the same. Typically and I think people know that instinctively, 1019 00:45:14,760 --> 00:45:17,359 Speaker 1: but it's also important to name that because you, as 1020 00:45:17,360 --> 00:45:20,480 Speaker 1: an individual, you likely you've likely got some competing incentives 1021 00:45:20,480 --> 00:45:23,000 Speaker 1: going on as well, and some of those aren't crystal 1022 00:45:23,000 --> 00:45:25,560 Speaker 1: clear to us either. Of course, you want a paycheck, 1023 00:45:26,040 --> 00:45:28,719 Speaker 1: but you have to ask yourself other important questions during 1024 00:45:28,719 --> 00:45:31,040 Speaker 1: this time too, like what are your biggest work priorities. 1025 00:45:31,400 --> 00:45:33,719 Speaker 1: It's important to name those and even to write them down. 1026 00:45:34,080 --> 00:45:37,360 Speaker 1: What do you value most about your job, what lifestyle 1027 00:45:37,400 --> 00:45:40,640 Speaker 1: and career best serves you and your family's interests? And 1028 00:45:40,719 --> 00:45:42,759 Speaker 1: how long could you survive without a paycheck? Those are 1029 00:45:42,800 --> 00:45:45,160 Speaker 1: all really good questions to start asking yourself right now, 1030 00:45:45,360 --> 00:45:48,880 Speaker 1: you know, because life and money they're all about trade offs. 1031 00:45:48,520 --> 00:45:52,120 Speaker 1: It's it's never a slam donkeysy decision, and you've got 1032 00:45:52,160 --> 00:45:53,839 Speaker 1: to figure out ever is it right? Yeah, you got 1033 00:45:53,840 --> 00:45:55,640 Speaker 1: to figure out which ones you can and which ones 1034 00:45:55,640 --> 00:45:58,040 Speaker 1: you're willing to make. But I think starting to ask 1035 00:45:58,040 --> 00:46:00,400 Speaker 1: those questions will help inform you. Wait a second, and yeah, no, 1036 00:46:00,480 --> 00:46:02,799 Speaker 1: we really do value this lifestyle we've developed, and I'd 1037 00:46:02,840 --> 00:46:05,479 Speaker 1: be willing to make less money to continue to live 1038 00:46:05,800 --> 00:46:07,960 Speaker 1: in this place and to have the lifestyle we have 1039 00:46:08,280 --> 00:46:10,440 Speaker 1: when we step back and look, we have more options, 1040 00:46:10,480 --> 00:46:12,200 Speaker 1: I think than we think in the moment. 1041 00:46:12,320 --> 00:46:14,360 Speaker 2: Yeah, and on the flip side, maybe you take a 1042 00:46:14,360 --> 00:46:16,520 Speaker 2: look at your life and you think, well, yes, we've 1043 00:46:16,560 --> 00:46:18,920 Speaker 2: been living this way, but I don't necessarily need to. 1044 00:46:19,080 --> 00:46:21,080 Speaker 2: And if I have the ability maybe to advance more 1045 00:46:21,080 --> 00:46:23,600 Speaker 2: in my career and that's a goal to hit certain 1046 00:46:23,640 --> 00:46:26,719 Speaker 2: financial milestones, then maybe you do decide to go back in. 1047 00:46:26,880 --> 00:46:30,040 Speaker 2: As long as you are proactively asking these questions, that 1048 00:46:30,239 --> 00:46:31,680 Speaker 2: is the biggest thing that we want to make sure 1049 00:46:31,719 --> 00:46:33,640 Speaker 2: folks are doing. But we also want to point out 1050 00:46:33,680 --> 00:46:37,520 Speaker 2: that the contract between the employer and the employee, that 1051 00:46:37,600 --> 00:46:40,719 Speaker 2: it has changed significantly over the years. Because you might 1052 00:46:40,760 --> 00:46:44,600 Speaker 2: be told that employees are treated like family here, and 1053 00:46:44,920 --> 00:46:46,799 Speaker 2: the people who are telling you that like they might 1054 00:46:46,880 --> 00:46:50,120 Speaker 2: even believe it. And there's nothing wrong with thinking that 1055 00:46:50,160 --> 00:46:52,759 Speaker 2: your coworkers are pretty well, you like them, you like 1056 00:46:52,760 --> 00:46:55,080 Speaker 2: going out to drinks together after work, you like talking 1057 00:46:55,160 --> 00:46:58,160 Speaker 2: about personal stuff. There's nothing wrong with liking your job 1058 00:46:58,520 --> 00:47:01,040 Speaker 2: or even kind of buying into the mission of your employer. 1059 00:47:01,280 --> 00:47:04,200 Speaker 2: Is like, I think it's important to identify the work 1060 00:47:04,200 --> 00:47:06,080 Speaker 2: that you do that on a surface level might look 1061 00:47:06,120 --> 00:47:09,120 Speaker 2: like just being a cog in the machine to the 1062 00:47:09,160 --> 00:47:12,200 Speaker 2: sort of larger purpose and the way specifically that you're 1063 00:47:12,239 --> 00:47:14,279 Speaker 2: making the world a better place. But you also have 1064 00:47:14,320 --> 00:47:17,040 Speaker 2: to take care of yourself and your family, and we 1065 00:47:17,080 --> 00:47:19,440 Speaker 2: want you to do that on a financial level as well, 1066 00:47:19,520 --> 00:47:22,720 Speaker 2: So cutting spending and saving more money, it gives you 1067 00:47:22,800 --> 00:47:26,000 Speaker 2: more options in that way. When that work family turns 1068 00:47:26,040 --> 00:47:28,320 Speaker 2: out to be a bit dysfunctional, well then you know 1069 00:47:28,400 --> 00:47:30,279 Speaker 2: you have the ability to get out move on to 1070 00:47:30,360 --> 00:47:31,280 Speaker 2: those greener pastures. 1071 00:47:31,360 --> 00:47:35,759 Speaker 1: Yeah, and work families end up being as dysfunctional, if 1072 00:47:35,800 --> 00:47:38,160 Speaker 1: not more than your traditional family. And man, I think 1073 00:47:38,640 --> 00:47:40,400 Speaker 1: there seem to be kind of two prevailing views on 1074 00:47:40,400 --> 00:47:42,960 Speaker 1: work this day. One is a work is bad and 1075 00:47:43,000 --> 00:47:46,840 Speaker 1: the other is that work should basically be fulfilling to 1076 00:47:47,000 --> 00:47:49,600 Speaker 1: all of us as individuals on an existential level. And 1077 00:47:49,640 --> 00:47:52,040 Speaker 1: I don't think either of those narratives is true, and 1078 00:47:52,120 --> 00:47:55,600 Speaker 1: neither are good. I heard someone say recently that twenty 1079 00:47:55,680 --> 00:47:58,120 Speaker 1: years from now, the only people who will remember that 1080 00:47:58,160 --> 00:48:00,919 Speaker 1: you worked late are your kids. That's a truth bomb 1081 00:48:01,040 --> 00:48:03,120 Speaker 1: right there, right, That's like, I'm pretty sure my wife 1082 00:48:03,120 --> 00:48:06,759 Speaker 1: read that somewhere too, and then then checks that's in 1083 00:48:06,800 --> 00:48:09,319 Speaker 1: me after coming home late two or three days in 1084 00:48:09,320 --> 00:48:11,640 Speaker 1: a row, guess what, I'm gonna guilt you into getting 1085 00:48:11,640 --> 00:48:13,560 Speaker 1: home on time. Well, you know, I think you and 1086 00:48:13,600 --> 00:48:15,640 Speaker 1: I we hope that you know, whether people, whether our 1087 00:48:15,640 --> 00:48:18,399 Speaker 1: listeners are doing full time work from home, whether doing that, 1088 00:48:18,480 --> 00:48:20,640 Speaker 1: they're doing the hybrid thing, whether they're working for themselves 1089 00:48:20,760 --> 00:48:22,959 Speaker 1: or they're in person all the time, five days a week, 1090 00:48:23,320 --> 00:48:25,560 Speaker 1: that they can strike a balance in their work life. 1091 00:48:25,640 --> 00:48:27,560 Speaker 1: And it's important to try to enjoy what you do, 1092 00:48:27,680 --> 00:48:30,000 Speaker 1: like you just said, connect it to the greater mission 1093 00:48:30,080 --> 00:48:33,200 Speaker 1: of what your your employer is trying to accomplish, or 1094 00:48:33,200 --> 00:48:35,600 Speaker 1: if you're self employed, what you're trying to accomplish, but 1095 00:48:35,719 --> 00:48:38,120 Speaker 1: also know that your job will never love you back. 1096 00:48:38,480 --> 00:48:42,040 Speaker 1: And so let's maybe have a more sober view of 1097 00:48:42,080 --> 00:48:45,799 Speaker 1: work instead of the kind of culturally biased I think 1098 00:48:45,920 --> 00:48:48,160 Speaker 1: views that we've that have become ingrained in. 1099 00:48:48,160 --> 00:48:51,400 Speaker 2: Us depending on whichever political side you happen to be on, 1100 00:48:51,440 --> 00:48:53,640 Speaker 2: I feel like takes different It's not politics, but it's 1101 00:48:53,680 --> 00:48:55,520 Speaker 2: just different views of what it is that you know, 1102 00:48:55,640 --> 00:48:56,080 Speaker 2: the kind. 1103 00:48:55,920 --> 00:48:57,799 Speaker 1: Of role that works with work is ultimately not going 1104 00:48:57,800 --> 00:49:00,960 Speaker 1: to satisfy you right in the ways that other more 1105 00:49:01,000 --> 00:49:03,960 Speaker 1: important things in life can. But work is also we 1106 00:49:04,000 --> 00:49:07,319 Speaker 1: think a fundamental good and there's a lot of good 1107 00:49:07,320 --> 00:49:08,600 Speaker 1: you can do and a lot of joy you can 1108 00:49:08,640 --> 00:49:10,799 Speaker 1: derive from it, But you got to you gotta find 1109 00:49:10,800 --> 00:49:14,520 Speaker 1: that happy medium. And hopefully this episode helps you navigate 1110 00:49:14,760 --> 00:49:17,000 Speaker 1: kind of your world of work and what it looks like. 1111 00:49:17,719 --> 00:49:20,440 Speaker 1: If your employer says, come on back into the office, 1112 00:49:20,760 --> 00:49:22,800 Speaker 1: you know it might not be all bad, but you 1113 00:49:23,080 --> 00:49:25,439 Speaker 1: also might have the ability to push back in ways 1114 00:49:25,480 --> 00:49:27,440 Speaker 1: where it doesn't make sense, it doesn't work for your 1115 00:49:27,440 --> 00:49:28,240 Speaker 1: life and for your family. 1116 00:49:28,320 --> 00:49:31,000 Speaker 2: That's right, man, All right, let's shift gears and get 1117 00:49:31,000 --> 00:49:33,320 Speaker 2: back to the beer. You and I and we split 1118 00:49:33,960 --> 00:49:37,719 Speaker 2: a quite ostentatious testimony. As a non sequitor, this is 1119 00:49:38,160 --> 00:49:42,800 Speaker 2: a burial stout. It's an imperial stat with decaf coffee 1120 00:49:42,880 --> 00:49:45,800 Speaker 2: toasted macadamia milk? Is that just I guess the water 1121 00:49:45,880 --> 00:49:48,879 Speaker 2: that macadamia nuts? Oh milk or it's like almond milk, 1122 00:49:48,880 --> 00:49:51,479 Speaker 2: same thing, right? So then do they I guess no water? 1123 00:49:51,520 --> 00:49:55,880 Speaker 2: Then they must crush the macadamia to extract the milk. Perhaps, 1124 00:49:56,360 --> 00:49:58,480 Speaker 2: But also it's got vanilla bean. Did you taste all 1125 00:49:58,520 --> 00:50:00,680 Speaker 2: those all those things? I think it did? I think did? 1126 00:50:00,719 --> 00:50:04,000 Speaker 1: I definitely tasted macadamia and it's it's got a sweetness 1127 00:50:04,040 --> 00:50:07,160 Speaker 1: to it, which vanilla often often possesses, right, And so 1128 00:50:07,360 --> 00:50:10,800 Speaker 1: I thought it was good for this was a beastly stout. 1129 00:50:10,920 --> 00:50:15,040 Speaker 2: Yeah, I'm glad you and I are share. Like it 1130 00:50:15,040 --> 00:50:16,759 Speaker 2: wouldn't be good bottle of it wouldn't be good. You 1131 00:50:16,760 --> 00:50:18,680 Speaker 2: wouldn't be able to buy home. You and I are sharing, 1132 00:50:18,680 --> 00:50:20,279 Speaker 2: and that's that's a good thing. Yeah. 1133 00:50:20,440 --> 00:50:23,840 Speaker 1: Well, it was a sweet, a sweet stout, and sometimes 1134 00:50:23,920 --> 00:50:26,000 Speaker 1: that's turned you off because you you weren't into the sweetness. No, No, 1135 00:50:26,120 --> 00:50:28,239 Speaker 1: I liked it because it wasn't overly sweet, but it was. 1136 00:50:28,400 --> 00:50:30,680 Speaker 1: I think sometimes these bigger, more beastly stouts they end 1137 00:50:30,719 --> 00:50:34,120 Speaker 1: up being really bitter because they're usually like Russian imperial stouts, 1138 00:50:34,400 --> 00:50:36,640 Speaker 1: and this one had more milk stout vibes going like 1139 00:50:36,680 --> 00:50:38,040 Speaker 1: a pastry dessert stout. 1140 00:50:38,200 --> 00:50:38,439 Speaker 2: Yeah. 1141 00:50:38,719 --> 00:50:41,560 Speaker 3: I love the balance that this one, as long as 1142 00:50:41,560 --> 00:50:44,120 Speaker 3: it has the flavors to accompany that sweetness. That's how 1143 00:50:44,120 --> 00:50:45,920 Speaker 3: I feel about it, right, Because sometimes you just have 1144 00:50:46,000 --> 00:50:48,400 Speaker 3: nothing but flavor and it can come across as harsh 1145 00:50:48,480 --> 00:50:52,440 Speaker 3: or brash. But when you have the right sour, bitter 1146 00:50:52,560 --> 00:50:55,560 Speaker 3: or sweet notes to accompany those different flavors that you're 1147 00:50:55,640 --> 00:50:57,239 Speaker 3: kind of pulling out of a beer. I think it 1148 00:50:57,280 --> 00:50:59,000 Speaker 3: can be really good. But yeah, man, I'm glad you 1149 00:50:59,000 --> 00:51:00,960 Speaker 3: and I got to enjoy this beer. But that's going 1150 00:51:01,000 --> 00:51:01,920 Speaker 3: to be it for this episode. 1151 00:51:02,000 --> 00:51:04,480 Speaker 2: Listeners can find some of the different resources from the 1152 00:51:04,480 --> 00:51:07,560 Speaker 2: different episodes that we mentioned in particular during this episode 1153 00:51:07,680 --> 00:51:11,240 Speaker 2: up on our website at howdomoney dot com. So until 1154 00:51:11,239 --> 00:51:14,200 Speaker 2: next time, Best Friends Out Bests Friends Out,