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Speaker 1: Welcome to How the Money. I'm joeld I am Matt

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Speaker 1: and today we're discussing money challenges that can jump start progress.

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Speaker 1: That's right, buddy, we are talking about money challenges. Sometimes

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Speaker 1: you just need a good old fashioned challenge to get

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Speaker 1: you to do something that you want to do but

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Speaker 1: you kind of don't want to do, sort of like

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Speaker 1: a like a duel, like I challenge you to a

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Speaker 1: duels or back in the day when we were like

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Speaker 1: I double dog dare you and it's like, oh, no,

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Speaker 1: you didn't. I'm definitely doing it now he's is he

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Speaker 1: calling me a chicken? Is he's you know, is he

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Speaker 1: calling me out as a coward. There are certain things

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Speaker 1: that like trigger us to actually do things. But that

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Speaker 1: is exactly what we're talking about today, man, these money

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Speaker 1: challenges that are going to help us to gain some

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Speaker 1: traction with our money. First, I wanted to give you

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Speaker 1: a quick little update. We've talked about this on the

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Speaker 1: show before, or at least I think we've talked about

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Speaker 1: how I like, I've been working to teach Evy, So

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Speaker 1: our eight year old Kate and I have been working

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Speaker 1: to teach her let's be honest, specifically to me the

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Speaker 1: you know, the money nerd. I've been working to teach

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Speaker 1: her about investing. So basically, money that she keeps in

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Speaker 1: her account that she doesn't spend is quote unquote invested,

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Speaker 1: and I pay her two percent. But here's the catch.

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Speaker 1: I pay her two percent weekly. And so every Saturday,

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Speaker 1: we you know, I calculate how much money she gets,

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Speaker 1: and we use this app called go Henry. I transfer

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Speaker 1: that money over to her account. Sometimes she remembers on

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Speaker 1: the day of and gets all excited about it, but

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Speaker 1: sometimes it's a few days later and she's like, oh,

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Speaker 1: and she will go to her phone and, you know,

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Speaker 1: check how much interest she's earned that week. And she

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Speaker 1: also spends out of that account. And recently we're having

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Speaker 1: a conversation and she was wanting like this really fancy

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Speaker 1: bouncy ball, Like this was the bouncy ball that was

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Speaker 1: like I think it was like in the twenties. What, Yeah,

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Speaker 1: I don't know if it was like extra large, like

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Speaker 1: what was this like the size of a bowling ball

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Speaker 1: or something. Don't know, but we were talking about it,

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Speaker 1: and we're totally going to be willing to let her

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Speaker 1: make her own decision. But then she asked this question

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Speaker 1: she asked, Oh, if I buy this, how much interest

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Speaker 1: will I then get on Saturday? Like, basically she knew

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Speaker 1: that she was going to have less money in her account,

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Speaker 1: which meant that she was going to earn less money

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Speaker 1: and interest. And dude, that was a massive win for

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Speaker 1: her to ask that question because not only was she

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Speaker 1: weighing the cost of the actual object, she was weighing

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Speaker 1: like opportunity costs of that money in the markets, and

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Speaker 1: so she was weighing all the different aspects associated with

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Speaker 1: this purchase and the effects that it would have on

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Speaker 1: her money. I was such a proud dad, like in

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Speaker 1: that moment. I was just like, oh my gosh, Like

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Speaker 1: it totally clicked for her. Uh, And so I wanted

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Speaker 1: to share this because you know, if you have kids

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Speaker 1: out there and you're trying to find different ways to

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Speaker 1: teach your kids about money, I think you can start

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Speaker 1: earlier than you realize. You know, I think you and

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Speaker 1: I mean we both started with our oldest girls, like

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Speaker 1: maybe around five or six years old, starting them kind

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Speaker 1: of down the path of doing chores or different jobs

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Speaker 1: where they would earn money and maybe like another level deeper,

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Speaker 1: the next level up. And that sounds like a light

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Speaker 1: bulb moment for her where she's gonna remember that a

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Speaker 1: long time. And when you click those things together, that

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Speaker 1: like leaving your money b is actually going to lead

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Speaker 1: to that money increasing is really is really crucial. And

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Speaker 1: obviously right now in savings accounts, that's kind of not

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Speaker 1: the CAZy, but it is the case. Right You're you're

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Speaker 1: giving your you're helping her to learn the principle, even

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Speaker 1: though in actuality, like saving these accounts right now kind

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Speaker 1: of sucks. It's why I call it investing as opposed

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Speaker 1: to this is money that you're you know, you've got

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Speaker 1: saved in your account, because I'm treating it like it

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Speaker 1: was an investment. Uh, even though there's no risk of

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Speaker 1: that money going down. I'm not going to be like, oh, hey,

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Speaker 1: there's a bear market and you're actually losing money. Now.

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Speaker 1: I think I think that's uh, that'll be the level

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Speaker 1: three thousand class. Uh. I think another thing worth noting

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Speaker 1: here is is that like we are responsible and no

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Speaker 1: one else is going to teach our kids how to

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Speaker 1: handle money appropriately. And you and I we even recently

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Speaker 1: talked about how in Georgia they're going to start teaching

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Speaker 1: personal finance to a hired agree in high school classrooms,

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Speaker 1: and we applaud that. We think that's great. But one

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Speaker 1: you gotta start young. It's just like learning a language,

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Speaker 1: I think. Right, when you start learning a language from infancy,

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Speaker 1: you're you're going to become fluent so much easier. But

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Speaker 1: when you start learning language in ninth grade, it's a

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Speaker 1: little bit harder to get good at it. It takes

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Speaker 1: a little more intentionality, and so the sooner the better.

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Speaker 1: Sure when it comes to money, the different lessons that

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Speaker 1: we can all learn, because that all translates to then

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Speaker 1: these larger, more sophisticated lessons for them to learn, like

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Speaker 1: a bear market when things aren't looking so good, But

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Speaker 1: that's all a part of it. You should you should

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Speaker 1: swipe all her money out of her account and be

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Speaker 1: like bull market baby, And she's like, what, Dad, you

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Speaker 1: didn't tell me about that banking fraud. This account was

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Speaker 1: not f D. I c ensured exactly, Sorry, honey, you

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Speaker 1: had the wrong joint account holder listed and it was

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Speaker 1: me and I swiped it. Uh, don't do that. That'd

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Speaker 1: be a hard lesson to the stomach. Don't break it hard,

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Speaker 1: Like alright, well, let's move on, Matt. Let's mention the

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Speaker 1: beer that we're having on this episode, and this one

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Speaker 1: is called double Barrel Wild Sinister Kid, which it's just

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Speaker 1: we're we're came to not raise wilds for kids, maybe wild,

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Speaker 1: but not Okay, yeah, the sinister. I don't want an

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Speaker 1: evil kid, Yeah you know what that But this beer

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Speaker 1: looks deliciously evil. This is by Trillium Brewing Company and

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Speaker 1: listener Ali sending our way, and we will give our

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Speaker 1: thoughts on it at the end of the episode, because

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Speaker 1: of course, you and I we drink a beer every

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Speaker 1: episode to uh, to enjoy something that we love while

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Speaker 1: we're saving and investing well for the future. But let's

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Speaker 1: get onto money challenges, Matt, and we do it. We specifically,

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Speaker 1: we're gonna outline a few money challenges you can choose.

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Speaker 1: Later on in the episode, we're gonna talk about how

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Speaker 1: we're gonna partner with you in this money challenge. But

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Speaker 1: when we were thinking about this episode and what we

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Speaker 1: wanted it to look like and how we wanted to

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Speaker 1: help listeners challenge themselves when it came to making money

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Speaker 1: progress in two well, I don't know why, Matt, but

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Speaker 1: it made me think about pregnancy, and uh, do you

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Speaker 1: remember the time when speaking of evy yr oldest, like

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Speaker 1: you guys found out you were pregnant with her, Yeah,

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Speaker 1: I mean, it sticks out in your mind. It's totally.

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Speaker 1: It's one of those moments that you never forget. You're

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Speaker 1: like completely exuberant. It's the most joyful you feel like

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Speaker 1: you've ever been in your life up until that point,

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Speaker 1: it's true, until they're actually born, and then, I mean

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Speaker 1: that's the most intensely joyful moment. I mean, like for

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Speaker 1: all for my kids. Definitely cried for every single of them.

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Speaker 1: It's just like unbridled tears of joy. I could not

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Speaker 1: stop the waterworks. Totally, totally, totally. It's a it's a

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Speaker 1: special moment. But I think when you find out that

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Speaker 1: you're going to have a kid, especially for the first time,

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Speaker 1: and that time in between, uh, that excitement, and then

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Speaker 1: eight or nine months later, whenever your your baby is born,

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Speaker 1: you realize there's this clock ticking and there's it's like

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Speaker 1: there's so much to do, so little time. You gotta

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Speaker 1: get with it, and there's a lot to learn, like

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Speaker 1: how am in the world and everything gonna let me

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Speaker 1: take a human home from the hospital and take care

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Speaker 1: of it. Who who's in charge here? Like, are you

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Speaker 1: just gonna let me have the kid at home? And

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Speaker 1: then you look in the mirror and you're like, I

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Speaker 1: am that person in charge. Yeah, that's scary. And so yeah,

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Speaker 1: there's like books to read, there's a nursery to outfit,

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Speaker 1: there's ones east to buy, there's a birthing class to

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Speaker 1: sign up for. Right, you and I we attended on

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Speaker 1: back in the day, that's right. Well, so yeah, with

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Speaker 1: our oldest kids, we didn't know what to expect, and

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Speaker 1: so we went. Yeah, it was a couple's birthday. It

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Speaker 1: wasn't just you and me, and like, like you and

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Speaker 1: I would, all four of us went to the same

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Speaker 1: birthing class and it was a cool experience to kind

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Speaker 1: of learn and mentally and physically prepare a little bit

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Speaker 1: for the birth of those girls. Yeah. Yeah, And really

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Speaker 1: what it was was you're like, I have to figure

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Speaker 1: a lot of stuff out in a short amount of time,

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Speaker 1: and it lights a fire and uh. And I think

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Speaker 1: similarly to that period between finding out that you're having

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Speaker 1: a baby and the actual birth of your child, how

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Speaker 1: there's this like time span that's really crucial and important

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Speaker 1: where you gotta get a lot of stuff done well,

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Speaker 1: I think the same. There's a similar analogy to the

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Speaker 1: way a money challenge can be have this jump start

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Speaker 1: effect in our lives, and so like, for our listeners,

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Speaker 1: if if you're still attempting to amass your emergency fund,

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Speaker 1: or you're trying to eliminate credit card debt maybe once

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Speaker 1: and for all, or you realize that you were out

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Speaker 1: and how you're back in it after the holidays. Well,

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Speaker 1: Matt and I were going to talk about the benefits

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Speaker 1: that a money challenge can have in your life, and

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Speaker 1: we're gonna give you some suggestions today for how to proceed,

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Speaker 1: and we want to partner together with you when it

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Speaker 1: comes to these money challenges. Want to give your ideas

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Speaker 1: and then also be a part of the progress that

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Speaker 1: you're making. That's right. I totally agree with you getting pregnant.

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Speaker 1: It really is like signing up for a challenge, because

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Speaker 1: you know, being pregnant and giving birth to a kid,

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Speaker 1: those are really hard things to do. But similarly, yeah,

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Speaker 1: when it comes to our money, everyone is trying to

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Speaker 1: make smart decisions, and certainly if you're listening to this podcast,

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Speaker 1: you're probably hoping to make wiser money moves. Um. But

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Speaker 1: if the clock isn't ticking and you haven't officially accepted

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Speaker 1: the challenge. Uh, you're most likely going to continue down

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Speaker 1: the same path that you've always gone down. And this

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Speaker 1: is uh, you know, it's a it's a well worn

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Speaker 1: path that's comfortable, it's familiar, and you know what to expect,

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Speaker 1: and if your inputs continue to be the same, you

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Speaker 1: know that you're likely going to see the same outputs.

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Speaker 1: But by placing yourself in a situation that's maybe a

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Speaker 1: little bit for and maybe it's slightly stressful, you're gonna

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Speaker 1: see some incredible changes in a very short period of time.

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Speaker 1: And that's what we're hoping for you to see in

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Speaker 1: your life exactly. Yeah, And I think sometimes the reason

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Speaker 1: that we're not able to see bigger results is because

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Speaker 1: we don't have the actionable steps that we can take

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Speaker 1: to immediately start working towards the financial goals that we have.

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Speaker 1: Maybe it's analysis paralysis, right, you can call it whatever

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Speaker 1: you want, but but we're trying to avoid that phase

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Speaker 1: when you have the correct information, you've performed your due

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Speaker 1: diligence and you know what you should be doing, but

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Speaker 1: you're just carrying on with what you've always done. Right,

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Speaker 1: We're we're fixing that today, because sometimes you need to

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Speaker 1: be jarred out of those typical habits, those typical routines

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Speaker 1: because and sometimes what you need is a program or

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Speaker 1: a challenge that can serve as a wake up call

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Speaker 1: to get you on your way. That's right. Sometimes that's

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Speaker 1: a pregnancy or sometimes it's just me and Jul talking

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Speaker 1: to you in my podcast. Uh. And I like that

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Speaker 1: you said program too, you know, because it's what we need.

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Speaker 1: It can often feel like we're just kind of out

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Speaker 1: in space, like floating on our own, when what we're

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Speaker 1: needing is some structure to help give shape to what

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Speaker 1: we're doing with our money. And so, for example, I'm

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Speaker 1: thinking about like signing up for a race. If you've

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Speaker 1: got a half marathon on the calendar, uh, and you've

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Speaker 1: paid to do that race, the chances are much higher

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Speaker 1: that you'll actually get out there and run because you're like,

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Speaker 1: they're staying it. I spent the fifty bucks, yes exactly, Yes,

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Speaker 1: I'm I'm in now exactly. You've got money on the line,

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Speaker 1: and there is a certain amount of accountability as well. Uh.

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Speaker 1: And both of those can be extremely helpful forms of motivation.

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Speaker 1: And like Joel mentioned we're gonna talk more about accountability

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Speaker 1: later in the show. We believe that it is an

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Speaker 1: important part of making these money challenges stick. But yeah,

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Speaker 1: the fact that you that you're signing up for a

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Speaker 1: program like it makes me think about I mean again,

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Speaker 1: with a race, like if you say you sign up

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Speaker 1: for a tin k, Well, you know that there's a

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Speaker 1: certain distance that you're training for, and so that gives

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Speaker 1: you direction. You're not just out there running because you

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Speaker 1: are like, well, I just generally need to stay in shape,

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Speaker 1: I need to move my body. For some that might work,

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Speaker 1: but for a lot of people, it is incredibly helpful

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Speaker 1: if you know that you're training for six point two miles,

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Speaker 1: or it's incredibly helpful to know, oh, this time, I

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Speaker 1: want to set a new personal record for myself. I

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Speaker 1: want to try to get it underneath forty five minutes.

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Speaker 1: But whatever it is that you know, whether it's a

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Speaker 1: race that you sign up for or a money challenge

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Speaker 1: that you're going to go after, entering that frame of

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Speaker 1: mind is going to help you to see outsize results. Yeah,

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Speaker 1: there's difference between training for a ten k and I

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Speaker 1: should probably get out there and go for a jog.

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Speaker 1: Like there's a difference in mindset and then a difference

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Speaker 1: in what you're going to accomplish. So let's talk and

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Speaker 1: dig into some specific money challenges that we want to

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Speaker 1: give on the show today that we want you you

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Speaker 1: to consider taking on. And we're going to list out

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Speaker 1: a few that fall under different categories. So let's cover

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Speaker 1: a few that we think are worth considering. No spend

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Speaker 1: challenges are one of the most popular, I would say,

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Speaker 1: if forms of money challenges out there. It's also one

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Speaker 1: of the easiest to implements. So if you're like, give

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Speaker 1: me that easy challenge to start with, then this might

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Speaker 1: be for you. And really, when it comes down to it,

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Speaker 1: how much stuff do we need, especially now we're in

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Speaker 1: the beginning of January, he might just realized I got

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Speaker 1: a bunch of new stuff that I don't need and

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Speaker 1: maybe it's time to start partying with a few of

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Speaker 1: those things. Uh, And so yeah, taking part in one

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Speaker 1: of these that can really reset your shopping impulses. It

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Speaker 1: can help you curb what might have become habitual behavior

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Speaker 1: for for on your part. And it's kind of like

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Speaker 1: how Matt A lot of fellas like to grow a

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Speaker 1: mustache in November or people don't never done it. No,

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Speaker 1: me neither. It's not physically possible. Matt and Joel not

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Speaker 1: very good at the mustache game, true. And or in

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Speaker 1: January right now, a lot of people are not drinking

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Speaker 1: a lick of alcohol for the whole month. They partied

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Speaker 1: it up a good bit in December and they're like,

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Speaker 1: you know what this is. The challenge for me is

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Speaker 1: to not drink anything, no beer, no wine, no spirits

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Speaker 1: for all of January. And you know, obviously you and

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Speaker 1: I for our job, we have to so there's we

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Speaker 1: can't participate, and we tend not to party as much,

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Speaker 1: so you know, we take a like the more moderation

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Speaker 1: is better exactly if you always do a little bit,

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Speaker 1: it's you never have to give it that point. But

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Speaker 1: we would say that that set period of time where

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Speaker 1: you attempt to buy nothing similar to those other things,

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Speaker 1: well it can be a major help to your finances. Matt.

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Speaker 1: We of course had Camiko Love on the show on Monday,

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Speaker 1: the Budget Mom, and she had a lot of great

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Speaker 1: advice and and one of the things I don't think

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Speaker 1: we actually talked about with her, but when we were

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Speaker 1: like reading up on her story, one of the things

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Speaker 1: that kick started her ability to save well was she

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Speaker 1: actually spent no money on clothes for a whole year.

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Speaker 1: I think she did make an exception for like socks

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Speaker 1: and underwear, but that's how intent she was on getting

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Speaker 1: her financial act together and saving money for her future

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Speaker 1: and for more important stuff like what she really she

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Speaker 1: did share a story about h and M and being

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Speaker 1: in the checkoutline and she was going to put those

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Speaker 1: clothes on a credit card, and that was a wake

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Speaker 1: up call for her. And so I think something like that,

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Speaker 1: finding a category in your life that is worth putting

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Speaker 1: on hold for a period of time and challenging yourself

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Speaker 1: not to spend a dollar on that stuff can be

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Speaker 1: a really helpful challenge to partake in. Totally yeah, and

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Speaker 1: her willingness and intentionality to do this of obviously paid

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Speaker 1: off in a big way. We yeah again, We talked

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Speaker 1: about her story on Monday. But so how to go

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Speaker 1: about doing this? We would suggest that you choose a

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Speaker 1: specific category and a specific length of time, and so

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Speaker 1: we do want you to try to stretch yourself, but

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Speaker 1: try to keep realistic expectations so you know, so that

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Speaker 1: you don't fall off the wagon. Because remember you can

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Speaker 1: always end up succeeding at that first goal and then

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Speaker 1: sort of set another at another one to the list.

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Speaker 1: I think that will be a more encouraging way to

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Speaker 1: progress rather than goals that you aren't achieving. And so specifically,

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Speaker 1: maybe this means, for you know, Amazon shopping for an

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Speaker 1: entire month, or maybe you commit to only buying used

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Speaker 1: items through February. Uh. And so you can modify it

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Speaker 1: spending challenge to fit your specific needs and your specific goals.

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Speaker 1: And you might even find that allowing yourself to purchase

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Speaker 1: new items, say only on Wednesday, that that might give

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Speaker 1: you just the amount of flexibility you need. But whatever

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Speaker 1: path you pick, we would suggest that you write it

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Speaker 1: down and then find a way to keep it front

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Speaker 1: of mind. Maybe that means you just kind of writing

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Speaker 1: tracking your progress on a worksheet that you keep taped

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Speaker 1: to the bathroom mirror. Maybe this means giving yourself a

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Speaker 1: small reward once you crush this challenge, but different things

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Speaker 1: that are going to keep you on this path where

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Speaker 1: you're able to reinforce this behavior that you want to

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Speaker 1: see done. Yeah, that's I feel like that the no

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Speaker 1: Spend challenge is so flexible. There's so many different ways

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Speaker 1: that people can participate, and we all could probably use

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Speaker 1: it this time of year just as a way to

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Speaker 1: save more and also prevent ourselves from wasting money in

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Speaker 1: a way that maybe we normally see our dollars flow

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Speaker 1: down the drain in this general direction. It's like let's

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Speaker 1: put a let's put a plug in that hole. Um

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Speaker 1: And yeah, so I get hopefully, hopefully this is this

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Speaker 1: challenge is helpful for lots of people. And of course

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Speaker 1: that modification is helpful because you can kind of make

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Speaker 1: it look however you need it to look. But we've

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Speaker 1: got more money challenges that we want to pose to

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Speaker 1: you than want you to consider. We'll get to those

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Speaker 1: right after this break. Alright, we're back. We're talking about

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Speaker 1: money challenges, and you know, as we highlight some of

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Speaker 1: these different challenges that we're gonna try to cover a

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Speaker 1: wide range of examples, um, that could spur change, you know,

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Speaker 1: in a few different assets of of how you handle

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Speaker 1: handle your money, because many of us are in different

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Speaker 1: phases of life and we have different areas where we

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Speaker 1: could improve, for instance, like buying too many clothes, Like

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Speaker 1: that's not a problem for me, that's not a problem

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Speaker 1: I deal with and so for me specifically, that's not

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Speaker 1: a challenge I'm gonna subscribe to because that's one you

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Speaker 1: would easily crush and you don't even need to take

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Speaker 1: it on. Maybe I should take it on just to like, yeah,

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Speaker 1: it's just like adding an it under the top of

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Speaker 1: your to do look already done. But as we introduce

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Speaker 1: several more of these different challenges, we don't want you

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Speaker 1: to get overwhelmed as we discuss these, because first of all,

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Speaker 1: you don't need to take them all on, right. If

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Speaker 1: you try to do that, they probably mess you up

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Speaker 1: if you try a bunch of these at once. Instead,

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Speaker 1: we want you to think of it more as sort

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Speaker 1: of a choose your own adventurous scenario. Just tackle one

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Speaker 1: at a time and then take a breather, and then

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Speaker 1: again attempt another one if you feel like that they

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Speaker 1: are making a helpful impact. Like it makes me, you know,

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Speaker 1: we're talking about like running a race. It makes me

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Speaker 1: think that if you decided all of a sudden that

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Speaker 1: you're gonna do everything that you possibly can to get healthy,

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Speaker 1: and you started dieting and you started training for a

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Speaker 1: triathle on and also you're looking to get totally ripped

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Speaker 1: like you're getting small, like you can't do all of

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Speaker 1: these things at once. I mean you you probably could try,

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Speaker 1: but you're either gonna completely burn out or you're gonna

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Speaker 1: see some negative effects to your body. Uh. If you're

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Speaker 1: pushing yourself too hard, it's a good chance that you're

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Speaker 1: gonna get injured. Uh, and that's something that we want

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Speaker 1: you to avoid with your finances. That's right. Yeah, you

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Speaker 1: can definitely overdo it. And it's possible to say I'm

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Speaker 1: gonna do all the challenges and I'm gonna, you know,

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Speaker 1: and I want to win big. Was that your dead lift?

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Speaker 1: I don't know if I've ever done a dead lift.

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Speaker 1: I'll probably try to refrain forever. But I think you didn't.

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Speaker 1: I used to lift in high school, so it shows.

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Speaker 1: So Yes, as we continue to roll roll out some

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Speaker 1: of these challenges, don't feel the need to do all

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Speaker 1: the above, and in fact, it's best not to go

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Speaker 1: in that direction. But Matt, let's let's offer up another

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Speaker 1: challenge here. We talked about no spend challenges, but food

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Speaker 1: challenges can be helpful, helpful way to save more money

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Speaker 1: in a hurry too. And that's because when you look

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Speaker 1: the numbers, the average American family spends a lot of

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Speaker 1: money every month on groceries and not to mention eating

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Speaker 1: out as well. And the average cost of a meal

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Speaker 1: that you eat out is twelve dollars and seventy five cents.

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Speaker 1: Needless to say, I guess that includes like like fast food, right, Yeah,

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Speaker 1: so like five seems kind of affordable if you're looking

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Speaker 1: at like a I don't know, like you're like if

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Speaker 1: you're going to like out on a date, Kate and

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Speaker 1: I aren't walking out of there, you know, for more

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Speaker 1: than that. But there's a whole lot of people who

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Speaker 1: eat way too much fast food, and they're eating in

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Speaker 1: seven dollar meals every right, And so yeah, you can

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Speaker 1: eat really well, we would say at home for a

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Speaker 1: whole lot less than that, of course. But here's the thing.

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Speaker 1: The average person, not only are they paying twelve dollars

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Speaker 1: and seventy five cents on average per meal that they

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Speaker 1: eat out, the average person eats out between four and

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Speaker 1: five times a week. That's crazy. Yeah, And so that's

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Speaker 1: a lot of money that you're spending on food that

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Speaker 1: you could easily avoid if you want to. And in fact,

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Speaker 1: the average American would save almost forty dollars per person

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Speaker 1: per week by eating all of our meals at home

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Speaker 1: and avoiding restaurants. And when it when it's his forty

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Speaker 1: dollars per person per week, I was just thinking, oh

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Speaker 1: my gosh, Matt, that you have a family of six,

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Speaker 1: I have a family of five. Like, that's a lot

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Speaker 1: of money when you add it up. And so eating

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Speaker 1: out is definitely one of those areas where if we

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Speaker 1: don't pay attention to it, if we don't challenge ourselves

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Speaker 1: in this specific way, we will find ourselves just bleeding money.

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Speaker 1: That's right. Yeah, And you know we're talking like before

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00:19:25,280 --> 00:19:27,360
Speaker 1: the break we talked about no spend challenges, we're kind

430
00:19:27,359 --> 00:19:29,280
Speaker 1: of talking about some of these different food challenges here.

431
00:19:29,680 --> 00:19:32,560
Speaker 1: One of the reasons we're starting with these specific challenges

432
00:19:32,640 --> 00:19:36,199
Speaker 1: is because it does not require any additional resources from you.

433
00:19:36,480 --> 00:19:39,000
Speaker 1: In fact, all it requires is just discipline and you

434
00:19:39,200 --> 00:19:41,639
Speaker 1: removing things from your life, which is something that most

435
00:19:41,640 --> 00:19:44,280
Speaker 1: people can do. And then there's that immediate reward, right

436
00:19:44,280 --> 00:19:46,040
Speaker 1: Like like when it comes to earning more money, there's

437
00:19:46,040 --> 00:19:48,200
Speaker 1: like a slow build up and it takes additional time

438
00:19:48,240 --> 00:19:51,680
Speaker 1: from you. But we're not necessarily wanting you to fill

439
00:19:51,720 --> 00:19:53,800
Speaker 1: all of your hours of the day with trying to

440
00:19:53,840 --> 00:19:55,640
Speaker 1: earn a little bit more money. But as we're talking

441
00:19:55,640 --> 00:19:57,560
Speaker 1: about food, like, it's important to know that we don't

442
00:19:57,680 --> 00:19:59,880
Speaker 1: hate restaurants, you know, like we love supporting and eating

443
00:20:00,000 --> 00:20:02,520
Speaker 1: out at our our favorite local joints, although we don't

444
00:20:02,560 --> 00:20:04,719
Speaker 1: hit them up five times a week. But this is

445
00:20:04,800 --> 00:20:06,960
Speaker 1: one of those instances where we need need to focus

446
00:20:07,000 --> 00:20:10,359
Speaker 1: on the health of our own finances before we're looking

447
00:20:10,400 --> 00:20:13,800
Speaker 1: to support local restaurants. And since we're talking about money challenges,

448
00:20:14,000 --> 00:20:18,760
Speaker 1: a short term commitment to homemade meals, home prepared meals

449
00:20:18,840 --> 00:20:21,400
Speaker 1: can be a big win for you. So, for instance,

450
00:20:21,480 --> 00:20:25,159
Speaker 1: if lunch is one of your problem meals where you're constantly,

451
00:20:25,320 --> 00:20:27,480
Speaker 1: you know, finding yourself eating out, going out with the

452
00:20:27,480 --> 00:20:29,560
Speaker 1: co workers, that kind of thing, just opt to pack

453
00:20:29,600 --> 00:20:32,240
Speaker 1: your lunch every day for an entire month. It's as

454
00:20:32,240 --> 00:20:34,640
Speaker 1: simple as that, and in one month alone, the savings

455
00:20:34,680 --> 00:20:37,520
Speaker 1: will be significant. Not only will you find that you

456
00:20:37,640 --> 00:20:39,240
Speaker 1: have a lot more money at the end of the month,

457
00:20:39,440 --> 00:20:41,760
Speaker 1: but there's a good chance that you are probably going

458
00:20:41,800 --> 00:20:44,680
Speaker 1: to feel more healthy since you're avoiding just a bunch

459
00:20:44,680 --> 00:20:47,800
Speaker 1: of processed food. Uh, chances are you're gonna be eating

460
00:20:47,920 --> 00:20:50,400
Speaker 1: much more health especially if you're eating leftovers. I mean,

461
00:20:50,440 --> 00:20:52,240
Speaker 1: come on, you don't even need to buy special bread

462
00:20:52,280 --> 00:20:55,200
Speaker 1: and special lunch meats. Just take those leftovers to work,

463
00:20:55,280 --> 00:20:57,040
Speaker 1: heat him up in the microwave, and you've got a

464
00:20:57,040 --> 00:21:01,679
Speaker 1: great meal ready to go. Are the leftover? I've not

465
00:21:01,760 --> 00:21:03,439
Speaker 1: met anybody that loves him as much as you. It

466
00:21:03,440 --> 00:21:06,840
Speaker 1: baffles me, Like who doesn't love a delicious leftover? Especially

467
00:21:06,880 --> 00:21:08,679
Speaker 1: to oh. I mean, granted, this is a little bit

468
00:21:08,680 --> 00:21:10,280
Speaker 1: different because I'm at home and I can fry up

469
00:21:10,280 --> 00:21:12,960
Speaker 1: at an egg real quick, but any leftover, it's always

470
00:21:12,960 --> 00:21:14,840
Speaker 1: better with a frieda egg on top. Yes, and you

471
00:21:14,840 --> 00:21:17,240
Speaker 1: know what leftovers are great, But you can also, you know,

472
00:21:17,280 --> 00:21:21,120
Speaker 1: make your lunch from other things the carrots, almonds, ruth

473
00:21:21,200 --> 00:21:23,520
Speaker 1: that I typically do throw a banana in as well.

474
00:21:23,800 --> 00:21:26,240
Speaker 1: But that is that is one challenge to not eat

475
00:21:26,240 --> 00:21:28,280
Speaker 1: out for a whole month, and I think that is

476
00:21:28,280 --> 00:21:30,480
Speaker 1: a challenge worth accepting for a lot of people because

477
00:21:30,640 --> 00:21:33,080
Speaker 1: you're going to see a huge boost your savings really quickly.

478
00:21:33,359 --> 00:21:36,680
Speaker 1: Another food challenge that you can consider is the pantry challenge.

479
00:21:37,080 --> 00:21:40,720
Speaker 1: And this means, yeah, this is like basically pushing you

480
00:21:40,800 --> 00:21:43,119
Speaker 1: to eat whatever is left in your pantry and in

481
00:21:43,160 --> 00:21:45,600
Speaker 1: your freezer before you go back to the grocery store.

482
00:21:45,640 --> 00:21:47,720
Speaker 1: It's kind of like the like a leftover challenge, which

483
00:21:47,720 --> 00:21:49,840
Speaker 1: is what I just made up, right, like forcing yourself

484
00:21:49,880 --> 00:21:52,639
Speaker 1: to eat everything that you have already prepared, exactly like

485
00:21:52,720 --> 00:21:55,240
Speaker 1: forcing yourself to eat all the food that you've already purchased.

486
00:21:55,240 --> 00:21:57,639
Speaker 1: You've already spent money on these items of food, and

487
00:21:57,640 --> 00:22:00,680
Speaker 1: they're sitting in your cabinet, your cupboard if you call it,

488
00:22:00,800 --> 00:22:02,639
Speaker 1: or your fridge, uh, and making sure that it just

489
00:22:02,720 --> 00:22:05,200
Speaker 1: doesn't go to waste. And the things that you don't

490
00:22:05,200 --> 00:22:07,480
Speaker 1: want to you've pushed the sides, you pushed typically to

491
00:22:07,560 --> 00:22:09,840
Speaker 1: the back. And so I guarantee you there are things

492
00:22:09,840 --> 00:22:11,800
Speaker 1: in there that are edible, can don't do anything that's

493
00:22:11,840 --> 00:22:15,359
Speaker 1: like nasty and expired and just like completely non edible

494
00:22:15,359 --> 00:22:17,720
Speaker 1: at this point. But there are I'm sure a lot

495
00:22:17,760 --> 00:22:20,800
Speaker 1: of things in all of our collective pantries and freezers

496
00:22:20,840 --> 00:22:23,480
Speaker 1: that are edible, that are worth eating, that you can

497
00:22:23,560 --> 00:22:26,680
Speaker 1: make taste decent at a minimum, And so I think

498
00:22:26,720 --> 00:22:28,720
Speaker 1: it's worth that challenge to be like, you know what, no,

499
00:22:28,920 --> 00:22:30,600
Speaker 1: I'm gonna eat it all. I'm gonna I'm gonna get

500
00:22:30,600 --> 00:22:33,000
Speaker 1: to the point until there's nothing left in there, and

501
00:22:33,000 --> 00:22:34,800
Speaker 1: that One of the websites we've mentioned on the show

502
00:22:34,840 --> 00:22:37,000
Speaker 1: before is super cook dot com. It's a site that

503
00:22:37,040 --> 00:22:39,320
Speaker 1: can help you make whatever you've got on hand edible.

504
00:22:39,359 --> 00:22:41,040
Speaker 1: You kind of put in the ingredients and then it

505
00:22:41,119 --> 00:22:43,920
Speaker 1: spits out an idea for a recipe for you, which

506
00:22:43,960 --> 00:22:46,560
Speaker 1: can be majorly helpful too, super cool because you're like,

507
00:22:47,119 --> 00:22:49,480
Speaker 1: how do I combine these three ingredients? And it's like, well,

508
00:22:49,520 --> 00:22:51,400
Speaker 1: maybe go to this website and they'll help you out. Yep,

509
00:22:51,520 --> 00:22:54,000
Speaker 1: there you go. No spend challenges can be just a

510
00:22:54,040 --> 00:22:57,800
Speaker 1: great way to to spend less while also wasting less um.

511
00:22:57,840 --> 00:23:00,280
Speaker 1: But how do you make sure that you don't daily

512
00:23:00,800 --> 00:23:04,280
Speaker 1: reabsorb that money that you saved into other areas of

513
00:23:04,320 --> 00:23:06,280
Speaker 1: your life, Like, well, who I spent less on clothes,

514
00:23:06,320 --> 00:23:08,159
Speaker 1: I spent less on food, but I just bought a

515
00:23:08,160 --> 00:23:11,200
Speaker 1: PS five or or now I'm going out more because

516
00:23:11,240 --> 00:23:13,240
Speaker 1: I've got all this extra money in my budget. Well,

517
00:23:13,359 --> 00:23:15,840
Speaker 1: spending less in some specific categories will only get you

518
00:23:15,880 --> 00:23:19,080
Speaker 1: so far unless you're immediately channeling those funds towards a

519
00:23:19,119 --> 00:23:22,560
Speaker 1: specific purpose. Uh, And that is where savings challenges step in.

520
00:23:22,920 --> 00:23:25,640
Speaker 1: They can be the perfect way to build that all

521
00:23:25,680 --> 00:23:28,800
Speaker 1: important emergency fund, or they can help you to more quickly,

522
00:23:28,840 --> 00:23:30,959
Speaker 1: say for a bigger purchase that you might want to

523
00:23:31,000 --> 00:23:33,640
Speaker 1: make in cash. Uh. We want you to have more

524
00:23:33,680 --> 00:23:36,800
Speaker 1: financial margin, more money in the bank. Uh. And there

525
00:23:36,800 --> 00:23:39,840
Speaker 1: are a couple of great money savings challenges that are

526
00:23:39,840 --> 00:23:41,959
Speaker 1: going to help you get there. So let's let's go

527
00:23:42,040 --> 00:23:44,600
Speaker 1: with our first savings challenge that you can consider. This

528
00:23:44,640 --> 00:23:47,240
Speaker 1: one goes the entire year, and so you want to

529
00:23:47,280 --> 00:23:51,080
Speaker 1: start now, and by the time you get to you know, Christmas,

530
00:23:51,160 --> 00:23:53,040
Speaker 1: you're going to have a lot of extra cash in

531
00:23:53,080 --> 00:23:55,680
Speaker 1: the bank that you didn't realize you're you're going to

532
00:23:55,800 --> 00:23:58,560
Speaker 1: have going into it. And so this one is the

533
00:23:58,760 --> 00:24:01,199
Speaker 1: fifty two weeks saving challenge. It's uh, it's where you

534
00:24:01,280 --> 00:24:04,000
Speaker 1: ramp your savings up slowly by saving one dollar in

535
00:24:04,040 --> 00:24:06,240
Speaker 1: the first week, two dollars in the second week, three

536
00:24:06,280 --> 00:24:08,520
Speaker 1: dollars in the third week, and so on until the

537
00:24:08,520 --> 00:24:10,800
Speaker 1: final week of the year, where you are saving fifty

538
00:24:10,960 --> 00:24:14,280
Speaker 1: two dollars. And how much money Matt has someone saved

539
00:24:14,359 --> 00:24:16,800
Speaker 1: if they are doing this fifty two weeks savings challenge?

540
00:24:16,840 --> 00:24:18,639
Speaker 1: Like crunch the numbers, I know what, what is it?

541
00:24:18,800 --> 00:24:22,480
Speaker 1: One thousand, seventy So it seems like you're starting small

542
00:24:22,480 --> 00:24:23,840
Speaker 1: it's like one dollar in the first week, not a

543
00:24:23,840 --> 00:24:25,760
Speaker 1: big deal. Two bucks next week. I can handle that.

544
00:24:26,000 --> 00:24:28,560
Speaker 1: And as you ramp up, you slowly feel the impact

545
00:24:28,760 --> 00:24:31,360
Speaker 1: of that increased savings, which makes it a little bit

546
00:24:31,520 --> 00:24:35,359
Speaker 1: easier to accept because each week it's just getting incrementally harder.

547
00:24:35,440 --> 00:24:38,439
Speaker 1: It's not getting way more difficult. When more quick you're

548
00:24:38,480 --> 00:24:40,840
Speaker 1: not jumping off the savings cliff. And so yeah, I

549
00:24:40,840 --> 00:24:44,199
Speaker 1: think this challenge shines because it also does allow you

550
00:24:44,240 --> 00:24:47,119
Speaker 1: to save a big chunk of cash for an awesome

551
00:24:47,160 --> 00:24:50,280
Speaker 1: goal that you've got, like maybe taking a family vacation

552
00:24:50,440 --> 00:24:52,720
Speaker 1: or Christmas gifts at the end of the year. And

553
00:24:52,720 --> 00:24:54,959
Speaker 1: and like you said, one thousand, three hundred and seventy

554
00:24:54,960 --> 00:24:56,959
Speaker 1: eight dollars is what you're gonna save this year if

555
00:24:56,960 --> 00:25:00,280
Speaker 1: you choose to go with this challenge. Um, and yeah,

556
00:25:00,359 --> 00:25:02,800
Speaker 1: you can go even harder if you want. You can

557
00:25:02,920 --> 00:25:05,640
Speaker 1: double the numbers. If you're like that's too easy, then

558
00:25:05,960 --> 00:25:07,800
Speaker 1: good for you, like double it up and and save

559
00:25:08,040 --> 00:25:10,080
Speaker 1: twice that amount. But this is a good one I

560
00:25:10,080 --> 00:25:11,359
Speaker 1: think for a lot of people who are like, I

561
00:25:11,480 --> 00:25:13,920
Speaker 1: just gotta get some savings in the bank, totally. Yeah,

562
00:25:13,920 --> 00:25:17,080
Speaker 1: So that's the savings challenge Investing challenges are basically just

563
00:25:17,119 --> 00:25:20,600
Speaker 1: like savings challenges, except that you funnel that money into

564
00:25:20,640 --> 00:25:24,320
Speaker 1: the market, hopefully into a roth ira. And so there

565
00:25:24,320 --> 00:25:26,639
Speaker 1: are a lot of individuals out there who have a

566
00:25:26,720 --> 00:25:29,760
Speaker 1: large enough income, but they just lacked the organization to

567
00:25:29,840 --> 00:25:31,520
Speaker 1: have enough at the end of the year to to

568
00:25:31,560 --> 00:25:34,240
Speaker 1: sink six thousand dollars into the market. And so you know,

569
00:25:34,280 --> 00:25:38,040
Speaker 1: you could easily parlay thats from savings to an investment.

570
00:25:38,080 --> 00:25:41,360
Speaker 1: That is definitely a great start. But if you want

571
00:25:41,400 --> 00:25:43,959
Speaker 1: to be a part of the weekly Rath challenge so

572
00:25:44,000 --> 00:25:45,800
Speaker 1: that you've maxed out your roth ira a by the

573
00:25:45,880 --> 00:25:48,120
Speaker 1: end of the year, that's gonna take you setting aside

574
00:25:48,280 --> 00:25:51,199
Speaker 1: a hundred and fifteen dollars every single week. You just

575
00:25:51,320 --> 00:25:53,480
Speaker 1: stepped up the challenge here. It's it's like it's not

576
00:25:53,480 --> 00:25:55,399
Speaker 1: gonna be easy, Like it's it's not meant to be

577
00:25:55,480 --> 00:25:58,480
Speaker 1: something that's overly easy, but it is much more doable

578
00:25:58,560 --> 00:26:00,639
Speaker 1: than I think what people you know, the situation that

579
00:26:00,680 --> 00:26:02,720
Speaker 1: folks find themselves in at the end of the year

580
00:26:02,760 --> 00:26:04,320
Speaker 1: when they're like, well, where am I gonna come up

581
00:26:04,320 --> 00:26:06,680
Speaker 1: with six thousand dollars? Like that's just not possible. It's

582
00:26:06,680 --> 00:26:09,040
Speaker 1: like joining this challenge and sticking that money into your wrath,

583
00:26:09,320 --> 00:26:12,280
Speaker 1: say with Vanguard, with Fidelity or with m one Finance.

584
00:26:12,720 --> 00:26:15,000
Speaker 1: That's a great way for you to finally get your

585
00:26:15,000 --> 00:26:17,439
Speaker 1: money growing for your future in a big way. If

586
00:26:17,480 --> 00:26:20,480
Speaker 1: you're someone who hasn't yet taken that first step towards investing,

587
00:26:20,520 --> 00:26:22,840
Speaker 1: maybe you are, you're a decent saver, but you haven't

588
00:26:22,920 --> 00:26:25,520
Speaker 1: yet started investing. This is a great way for you

589
00:26:25,560 --> 00:26:28,280
Speaker 1: to get that roth ira a ball rolling. Yes, we've

590
00:26:28,280 --> 00:26:31,000
Speaker 1: talked about no spend challenges, you know, not not eating

591
00:26:31,000 --> 00:26:33,320
Speaker 1: out as one of those. We've talked about savings challenges, Matt.

592
00:26:33,359 --> 00:26:36,359
Speaker 1: You just you just dished out the weekly wrath challenge,

593
00:26:36,359 --> 00:26:38,399
Speaker 1: which I think for a lot of how the money

594
00:26:38,400 --> 00:26:41,000
Speaker 1: listeners is probably in their wheelhouse right now. They're like, listen,

595
00:26:41,040 --> 00:26:43,280
Speaker 1: I've got the fund built up, but the thing I

596
00:26:43,280 --> 00:26:45,680
Speaker 1: haven't done is maxed out my wrath yet, Like I've

597
00:26:45,680 --> 00:26:48,040
Speaker 1: put in a few hundred here and there, like maybe

598
00:26:48,040 --> 00:26:49,680
Speaker 1: by the end of the year they've maybe let's say

599
00:26:49,680 --> 00:26:51,600
Speaker 1: they've got like two thousand dollars in there. That's great

600
00:26:51,760 --> 00:26:53,600
Speaker 1: and I'm glad that folks are doing that, but there

601
00:26:53,680 --> 00:26:55,720
Speaker 1: is four thousand more dollars that folks can slide into

602
00:26:55,720 --> 00:26:57,720
Speaker 1: that account. Yeah, and we want to encourage them to

603
00:26:57,760 --> 00:26:59,720
Speaker 1: make like, let's let this be the year where you

604
00:26:59,760 --> 00:27:01,880
Speaker 1: make about your wrath for the first time. And yeah, Matt,

605
00:27:01,880 --> 00:27:04,360
Speaker 1: when we were hearing our listener Money Wins, so many

606
00:27:04,359 --> 00:27:06,200
Speaker 1: people was like I saved a ton this past year,

607
00:27:06,280 --> 00:27:08,840
Speaker 1: or was like I invested majorly for the first time.

608
00:27:08,840 --> 00:27:10,639
Speaker 1: I've seen a lot of how the Money listeners share

609
00:27:10,680 --> 00:27:13,680
Speaker 1: that sentiment where it's like, because of listening to the

610
00:27:13,680 --> 00:27:15,640
Speaker 1: show and the how the Money community, the Facebook group,

611
00:27:15,880 --> 00:27:18,200
Speaker 1: it's like I was motivated for the first time ever

612
00:27:18,280 --> 00:27:20,320
Speaker 1: to go to the max with this and that's what

613
00:27:20,359 --> 00:27:22,240
Speaker 1: a challenge can do, and that that's what a community

614
00:27:22,280 --> 00:27:23,639
Speaker 1: can do too. I'm hoping by the end of this

615
00:27:23,720 --> 00:27:27,159
Speaker 1: year we'll have somebody who sends in a voicemail and says, hey,

616
00:27:27,359 --> 00:27:29,920
Speaker 1: this is the first year ever actually maxed my wrath.

617
00:27:29,960 --> 00:27:31,480
Speaker 1: I right, And it's because y'all talked about it at

618
00:27:31,520 --> 00:27:33,359
Speaker 1: the beginning of this year. You gave me enough of

619
00:27:33,400 --> 00:27:35,480
Speaker 1: the head start. Exactly. You need that runway, you know,

620
00:27:35,520 --> 00:27:38,240
Speaker 1: any time, because it's like, yeah, if you gotta stop

621
00:27:38,240 --> 00:27:41,000
Speaker 1: an airplane on a dime, it doesn't happen. You need

622
00:27:41,160 --> 00:27:43,360
Speaker 1: you need the runaway to stop. But let's le's let's

623
00:27:43,359 --> 00:27:46,400
Speaker 1: talk about an earning challenge here too, because that that's

624
00:27:46,440 --> 00:27:49,520
Speaker 1: another thing I think is worth is worth pursuing, because

625
00:27:49,760 --> 00:27:52,119
Speaker 1: there are different ways to save or to spend less,

626
00:27:52,520 --> 00:27:54,399
Speaker 1: but it can also be helpful to have a challenge

627
00:27:54,440 --> 00:27:55,960
Speaker 1: that's going to help you make more money and to

628
00:27:56,080 --> 00:27:59,160
Speaker 1: do so quickly. And so, yeah, you can ask her raise,

629
00:27:59,280 --> 00:28:01,879
Speaker 1: you can get a hustle in order to to boost

630
00:28:01,880 --> 00:28:04,080
Speaker 1: your earnings. Those are things that you know, for different

631
00:28:04,119 --> 00:28:07,280
Speaker 1: people at different places in their life, we would potentially suggest.

632
00:28:07,600 --> 00:28:10,479
Speaker 1: But the earning challenge we want to present is something

633
00:28:10,600 --> 00:28:14,320
Speaker 1: truly that anybody can do, and it's doubly helpful because

634
00:28:14,359 --> 00:28:16,879
Speaker 1: it's also a decluttering challenge. Yeah, you can flex some

635
00:28:16,920 --> 00:28:20,440
Speaker 1: of your minimalist muscles. And so the way you do this, uh,

636
00:28:20,560 --> 00:28:22,800
Speaker 1: first of all, spring right, like this is the perfect

637
00:28:22,840 --> 00:28:24,399
Speaker 1: time to do this, and it's right around the corner.

638
00:28:24,480 --> 00:28:27,040
Speaker 1: Like it doesn't feel like it in early January, but

639
00:28:27,040 --> 00:28:29,719
Speaker 1: it's coming. That's true. It'll be here faster the folks realized.

640
00:28:29,800 --> 00:28:32,480
Speaker 1: But put a date on the calendar now where you'll

641
00:28:32,520 --> 00:28:35,880
Speaker 1: have say a family yard sale, if you've got neighbors

642
00:28:35,920 --> 00:28:37,400
Speaker 1: that you're close with. This is something that you could

643
00:28:37,400 --> 00:28:39,200
Speaker 1: share with them, because you know, it's better than just

644
00:28:39,240 --> 00:28:42,280
Speaker 1: having a family yard sale, a multi family yard sale.

645
00:28:42,920 --> 00:28:45,000
Speaker 1: And that's what you know. Anytime you see any time

646
00:28:45,040 --> 00:28:46,960
Speaker 1: to folks see the science where it says multi family

647
00:28:47,000 --> 00:28:48,640
Speaker 1: yard sale, there's a lot more bang for your buck,

648
00:28:48,880 --> 00:28:50,920
Speaker 1: and folks are willing to turn off onto that side

649
00:28:50,920 --> 00:28:53,080
Speaker 1: street see what you've got laid out on blankets around

650
00:28:53,080 --> 00:28:55,320
Speaker 1: the tables in your front yard. But personally, I'm a

651
00:28:55,320 --> 00:28:58,200
Speaker 1: fan of listing things on eBay. This is something that

652
00:28:58,520 --> 00:29:01,120
Speaker 1: I literally started doing this back while I was in college.

653
00:29:01,320 --> 00:29:03,680
Speaker 1: Um but literally a few months ago I started listing

654
00:29:03,720 --> 00:29:06,600
Speaker 1: some items on eBay. Fired back up, Yeah, fired back up.

655
00:29:06,600 --> 00:29:07,920
Speaker 1: And what's great about it though, is that you are

656
00:29:07,960 --> 00:29:10,280
Speaker 1: able to I mean literally you're getting top dollar for it,

657
00:29:10,400 --> 00:29:13,320
Speaker 1: right whereas with uh, like a yard sale, it's just

658
00:29:13,400 --> 00:29:16,520
Speaker 1: kind of like, Okay, you've got thirty minutes left everything

659
00:29:16,760 --> 00:29:19,600
Speaker 1: like everything is you know, twenty five cents and you

660
00:29:19,600 --> 00:29:21,400
Speaker 1: can move a lot of items that way, but you're

661
00:29:21,400 --> 00:29:24,000
Speaker 1: also not getting the most money that you possibly could.

662
00:29:24,400 --> 00:29:27,120
Speaker 1: Granted with eBay there's shipping involved, but I love the

663
00:29:27,160 --> 00:29:31,920
Speaker 1: sustainable practice of listing something regularly. Having that being kind

664
00:29:31,920 --> 00:29:34,480
Speaker 1: of like woven into the daily patterns of your life.

665
00:29:34,480 --> 00:29:36,560
Speaker 1: Maybe not daily, but like this can be something that's

666
00:29:36,560 --> 00:29:39,360
Speaker 1: more weekly. And obviously, even aside from eBay, there's other

667
00:29:39,360 --> 00:29:42,080
Speaker 1: places where you can sell stuff like Facebook, Marketplace. But

668
00:29:42,200 --> 00:29:45,520
Speaker 1: challenge yourself to get rid of and profit from one

669
00:29:45,800 --> 00:29:47,680
Speaker 1: item every single week in the same way that we're

670
00:29:47,680 --> 00:29:50,160
Speaker 1: talking about sitting aside a hundred and fifteen dollars every

671
00:29:50,160 --> 00:29:52,320
Speaker 1: single week in order to max out your roth ira A.

672
00:29:52,560 --> 00:29:55,520
Speaker 1: This is something that's totally doable. Just picking one item

673
00:29:55,560 --> 00:29:57,560
Speaker 1: that's been in your closet that you haven't warned, that

674
00:29:57,640 --> 00:30:00,520
Speaker 1: you haven't plugged in, something that you haven't used in

675
00:30:00,520 --> 00:30:02,880
Speaker 1: the past year or two. Go open your attict. There's

676
00:30:02,880 --> 00:30:05,280
Speaker 1: a bunch of stuff up there. I promise you that

677
00:30:05,280 --> 00:30:07,880
Speaker 1: that you could list on eBay uh and get some

678
00:30:07,960 --> 00:30:09,720
Speaker 1: decent money for and then by the end of the

679
00:30:09,800 --> 00:30:11,880
Speaker 1: year you can easily have made over three thousand dollars

680
00:30:11,920 --> 00:30:13,880
Speaker 1: by sticking to this plan. Assuming you're you know, you're

681
00:30:13,880 --> 00:30:15,960
Speaker 1: selling an item every single week for like sixty bucks.

682
00:30:16,000 --> 00:30:19,480
Speaker 1: Can't sell like a hairclip that second yeah, Thatt said,

683
00:30:19,480 --> 00:30:22,000
Speaker 1: I could sell sell us for sixty bucks three u staplers,

684
00:30:22,760 --> 00:30:25,280
Speaker 1: But again, put all of that money into savings, uh

685
00:30:25,360 --> 00:30:27,640
Speaker 1: if you don't have an emergency fund yet, or you

686
00:30:27,640 --> 00:30:30,440
Speaker 1: can let it jump start your investing. But having less

687
00:30:30,440 --> 00:30:32,880
Speaker 1: stuff cluttering your place uh and more money on hand

688
00:30:32,960 --> 00:30:34,800
Speaker 1: is going to be for sure a great thing. And

689
00:30:34,960 --> 00:30:37,600
Speaker 1: this is one of my favorites. And we haven't mentioned

690
00:30:37,640 --> 00:30:39,640
Speaker 1: this but on in the show notes for this episode,

691
00:30:39,680 --> 00:30:42,520
Speaker 1: we're gonna have PDFs for many of these money challenges

692
00:30:42,720 --> 00:30:44,840
Speaker 1: that can help you kind of document your progress. And

693
00:30:44,840 --> 00:30:46,760
Speaker 1: then I like the PDF for this one, Matt, that

694
00:30:46,800 --> 00:30:49,200
Speaker 1: you've created because it makes it super easy to be

695
00:30:49,240 --> 00:30:51,360
Speaker 1: like check mark what was the kind of item that

696
00:30:51,440 --> 00:30:53,080
Speaker 1: you you're writing the kind of item in that in

697
00:30:53,120 --> 00:30:54,920
Speaker 1: that blank, and then how much money did I sell

698
00:30:54,960 --> 00:30:56,240
Speaker 1: it for? And you can track and you can see

699
00:30:56,280 --> 00:30:58,400
Speaker 1: how much money you've made over the year just by

700
00:30:58,400 --> 00:31:00,480
Speaker 1: selling stuff that was, you know, lying aroun in your house.

701
00:31:00,680 --> 00:31:02,600
Speaker 1: And so this is one of my favorite challenges because

702
00:31:02,600 --> 00:31:05,320
Speaker 1: it does have that double whammy effect and you can,

703
00:31:05,360 --> 00:31:07,400
Speaker 1: like Marie Condo, say thank you for your service to

704
00:31:07,920 --> 00:31:09,640
Speaker 1: that item, and then you can sell it to somebody

705
00:31:09,640 --> 00:31:12,360
Speaker 1: who are retiring in your neighborhood, who who wants who

706
00:31:12,400 --> 00:31:14,240
Speaker 1: wants it and is gonna give it a second life.

707
00:31:14,680 --> 00:31:16,800
Speaker 1: So all right, Well, we've got a little more that

708
00:31:16,880 --> 00:31:19,120
Speaker 1: we want to discuss, including how Matt and I are

709
00:31:19,160 --> 00:31:21,160
Speaker 1: going to help keep you accountable when it comes to

710
00:31:21,280 --> 00:31:24,240
Speaker 1: the money challenge that you decide to undertake this year.

711
00:31:24,520 --> 00:31:36,400
Speaker 1: We'll get to that right after this break. Money challenges,

712
00:31:36,440 --> 00:31:38,600
Speaker 1: that's what we're talking about today, and how they're gonna

713
00:31:38,760 --> 00:31:41,920
Speaker 1: jump start your finances. They're gonna put a dent in

714
00:31:41,960 --> 00:31:44,960
Speaker 1: a good way in your money. Uh. And so you know,

715
00:31:44,960 --> 00:31:48,560
Speaker 1: we've introduced several different challenges really accept but how is

716
00:31:48,600 --> 00:31:51,360
Speaker 1: this money challenge going to make a difference? Um, Well,

717
00:31:51,680 --> 00:31:54,000
Speaker 1: we're all about sustained change. I kind of talked about

718
00:31:54,040 --> 00:31:55,520
Speaker 1: this a little bit when we were talking about eBay,

719
00:31:56,000 --> 00:31:58,920
Speaker 1: But we're all about this change over time, and we

720
00:31:58,960 --> 00:32:02,560
Speaker 1: believe that the winds can extend beyond this initial period

721
00:32:02,640 --> 00:32:04,880
Speaker 1: of time during the challenge, and we wanted to become

722
00:32:04,920 --> 00:32:06,479
Speaker 1: a part of who you are. You know, it's not

723
00:32:06,520 --> 00:32:09,440
Speaker 1: just about this one win. It's about starting a pattern

724
00:32:09,720 --> 00:32:12,640
Speaker 1: of winning with your finances. And you know, like quickly

725
00:32:12,760 --> 00:32:15,040
Speaker 1: making a few bucks this week selling an item, that

726
00:32:15,040 --> 00:32:17,840
Speaker 1: first item, that's cool, but we're less interested in the

727
00:32:17,880 --> 00:32:21,360
Speaker 1: short term success. Uh. And we're more about looking towards

728
00:32:21,400 --> 00:32:24,400
Speaker 1: those longer term wins. Uh, and it's snowballs as well.

729
00:32:24,440 --> 00:32:27,440
Speaker 1: You know, success it builds upon success. And in one

730
00:32:27,440 --> 00:32:30,640
Speaker 1: way I just said that, like that first cell, it's

731
00:32:30,680 --> 00:32:32,880
Speaker 1: not about that twenty dollars that you get for that

732
00:32:32,920 --> 00:32:35,440
Speaker 1: first item that you sell, except that that makes you

733
00:32:35,480 --> 00:32:38,640
Speaker 1: somebody who sells stuff on eBay. That makes you somebody

734
00:32:38,640 --> 00:32:42,040
Speaker 1: who lists something within Facebook marketplace. You did the porch

735
00:32:42,120 --> 00:32:44,440
Speaker 1: pick up thing. Uh, they paid you. You know, the

736
00:32:44,480 --> 00:32:46,400
Speaker 1: item was out there. You didn't have to talk to

737
00:32:46,480 --> 00:32:48,920
Speaker 1: him or interact with him. If get your gears starting

738
00:32:48,920 --> 00:32:50,920
Speaker 1: and be like, well what else can I sell them? Exactly,

739
00:32:51,000 --> 00:32:53,360
Speaker 1: it starts you down that path and that is the

740
00:32:53,640 --> 00:32:56,040
Speaker 1: mindset shift that we're trying to get you in. Yeah, yeah,

741
00:32:56,040 --> 00:32:59,040
Speaker 1: I agree. I think there's something about these challenges that

742
00:32:59,040 --> 00:33:02,120
Speaker 1: that is, like said in the title, that it jump starts, uh,

743
00:33:02,360 --> 00:33:04,400
Speaker 1: something that is hopefully what we would say, is going

744
00:33:04,440 --> 00:33:08,080
Speaker 1: to become a habit. And so yeah, short term actions.

745
00:33:08,920 --> 00:33:10,720
Speaker 1: It might sound silly, but the goal isn't for you

746
00:33:10,800 --> 00:33:13,200
Speaker 1: to constantly be part of some challenge that you've heard

747
00:33:13,200 --> 00:33:17,000
Speaker 1: about on a stupid money podcast like ours. You shouldn't

748
00:33:17,000 --> 00:33:19,360
Speaker 1: want or really need a challenge every single month, right,

749
00:33:19,400 --> 00:33:23,120
Speaker 1: that the goal is for these habits to become second nature,

750
00:33:23,240 --> 00:33:26,640
Speaker 1: where you're doing financially sound, financially smart things without even

751
00:33:26,680 --> 00:33:29,720
Speaker 1: realizing it on the rag and and I think you're right, Mad,

752
00:33:29,760 --> 00:33:31,720
Speaker 1: it's like that paradigm shift and how you handle money,

753
00:33:31,760 --> 00:33:35,120
Speaker 1: it's it's key. And then creating an environment where positive

754
00:33:35,160 --> 00:33:39,280
Speaker 1: action is consistent and then where it also gets rewarded.

755
00:33:39,640 --> 00:33:41,680
Speaker 1: That's the hope here, that's what we want to see. Yeah,

756
00:33:41,680 --> 00:33:43,720
Speaker 1: and then there's that element of healthy stress that we

757
00:33:43,800 --> 00:33:47,120
Speaker 1: want to expose ourselves to write because we humans, we

758
00:33:47,240 --> 00:33:50,240
Speaker 1: like seventy two degree weather, we like our warm beds,

759
00:33:50,280 --> 00:33:54,080
Speaker 1: we like our netflix, like some of us. But by

760
00:33:54,200 --> 00:33:57,600
Speaker 1: self imposing some different stressors in our lives that we

761
00:33:57,640 --> 00:34:00,320
Speaker 1: think can be helpful, we're able to allow our selves

762
00:34:00,360 --> 00:34:03,320
Speaker 1: to grow. It spurs us on and if we don't

763
00:34:03,360 --> 00:34:06,800
Speaker 1: do the hard work ourselves, life will impose hardship upon us.

764
00:34:07,240 --> 00:34:08,960
Speaker 1: And it doesn't usually happen on the timeline that we

765
00:34:08,960 --> 00:34:11,920
Speaker 1: wanted to A tweet I saw recently was if you

766
00:34:11,960 --> 00:34:14,840
Speaker 1: don't make time for exercise, you would probably have to

767
00:34:14,880 --> 00:34:17,640
Speaker 1: make time for illness. Snap. Yeah, And you know, so

768
00:34:17,920 --> 00:34:19,760
Speaker 1: it really is up to you as to which path

769
00:34:19,960 --> 00:34:22,560
Speaker 1: you want to take. You can choose a little bit

770
00:34:22,560 --> 00:34:25,120
Speaker 1: of sacrifice now in order to say for your future,

771
00:34:25,360 --> 00:34:27,080
Speaker 1: and if that's the path you take, you'll have plenty

772
00:34:27,080 --> 00:34:29,480
Speaker 1: of options available to you down the road. Or you

773
00:34:29,520 --> 00:34:31,959
Speaker 1: can completely ignore it in the present and you won't

774
00:34:32,200 --> 00:34:34,640
Speaker 1: have any options in the future where you'll be forced

775
00:34:34,760 --> 00:34:37,200
Speaker 1: to sacrifice. Then at that point when you're older, whether

776
00:34:37,239 --> 00:34:39,480
Speaker 1: that be through the work that you'll need to continue

777
00:34:39,520 --> 00:34:43,160
Speaker 1: to perform or through lifestyle sacrifices, it is up to you.

778
00:34:43,560 --> 00:34:44,880
Speaker 1: And we want to make sure that we're not just

779
00:34:44,960 --> 00:34:49,040
Speaker 1: inoculating and shielding and protecting ourselves from every amount of stress,

780
00:34:49,280 --> 00:34:52,560
Speaker 1: because oftentimes and measured amounts that stress will allow us

781
00:34:52,560 --> 00:34:54,799
Speaker 1: to grow. That's right. Yeah, Like when little kids when

782
00:34:54,840 --> 00:34:57,120
Speaker 1: they're playing in the dirt, when they're even licking their

783
00:34:57,120 --> 00:34:59,000
Speaker 1: own toys stuff like that, Like there there's like a

784
00:34:59,080 --> 00:35:02,080
Speaker 1: healthy immune response what's happening in the midst of that disgusting,

785
00:35:02,160 --> 00:35:04,880
Speaker 1: vile act that they were taking in. I know this

786
00:35:04,960 --> 00:35:06,719
Speaker 1: because I've seen my kids do a lot of weird

787
00:35:06,760 --> 00:35:09,960
Speaker 1: stuff through the years. But then there's also the fact map. Yeah,

788
00:35:10,000 --> 00:35:13,480
Speaker 1: there's there's a healthy stress fact but but there's also

789
00:35:13,560 --> 00:35:15,799
Speaker 1: a reality to which some of these money challenges can

790
00:35:15,880 --> 00:35:19,040
Speaker 1: be fun because we we all like playing games, and

791
00:35:20,120 --> 00:35:22,640
Speaker 1: me and I we prefer long form nerdy board games,

792
00:35:22,640 --> 00:35:24,960
Speaker 1: although usually we're too tired to stay up too late

793
00:35:24,960 --> 00:35:28,120
Speaker 1: to play those nerdy board games these days. But money challenges,

794
00:35:28,320 --> 00:35:31,239
Speaker 1: I would say create this gamified atmosphere. It helps you

795
00:35:31,280 --> 00:35:34,239
Speaker 1: push harder than you might normally. It's it's kind of

796
00:35:34,280 --> 00:35:36,799
Speaker 1: like how playing a sport, it doesn't feel as much

797
00:35:36,920 --> 00:35:39,520
Speaker 1: like exercise. If some of your friends are like, hey,

798
00:35:39,600 --> 00:35:42,000
Speaker 1: let's let's get a three on three basketball game together,

799
00:35:42,239 --> 00:35:45,320
Speaker 1: You're like, sure, sounds like fun. Not sure sounds like exercise.

800
00:35:45,480 --> 00:35:48,160
Speaker 1: Like that's not how you respond because it literally it

801
00:35:48,400 --> 00:35:50,359
Speaker 1: sounds like playing a game. But at the same time,

802
00:35:50,640 --> 00:35:54,440
Speaker 1: you're you're running, and you're joking and doing all those

803
00:35:54,440 --> 00:35:56,920
Speaker 1: things that are good for your muscles. You dun't con

804
00:35:56,960 --> 00:36:00,480
Speaker 1: Joel h No. People ask me that because I'm six five,

805
00:36:00,600 --> 00:36:02,640
Speaker 1: But the answer is no. He's like, let's just be honest,

806
00:36:02,680 --> 00:36:08,400
Speaker 1: I'm just traveling and breaking a lot of attempted three pointers.

807
00:36:08,440 --> 00:36:11,680
Speaker 1: But basically, yeah, you're you're still getting a workout, you're

808
00:36:11,719 --> 00:36:13,799
Speaker 1: hanging out with friends. But it's just it's so much

809
00:36:13,840 --> 00:36:16,480
Speaker 1: easier to want to do that for most of us

810
00:36:16,719 --> 00:36:19,759
Speaker 1: than it is to want to sign up at our

811
00:36:19,800 --> 00:36:22,400
Speaker 1: local CrossFit gym wake up at six am every morning.

812
00:36:22,640 --> 00:36:25,560
Speaker 1: There's that community vibe that we get from sporting events

813
00:36:25,800 --> 00:36:29,240
Speaker 1: and the gamification of exercise that can be really, really helpful,

814
00:36:29,239 --> 00:36:33,000
Speaker 1: and that makes something that sounds otherwise boring into something

815
00:36:33,040 --> 00:36:35,120
Speaker 1: that's actually fun to do. Okay, I believe you're showing

816
00:36:35,200 --> 00:36:37,760
Speaker 1: throwing some shade up the CrossFit folks. You know, I'm

817
00:36:37,880 --> 00:36:41,839
Speaker 1: so I'm CrossFit curious. Well then, which is why I'm

818
00:36:41,840 --> 00:36:44,480
Speaker 1: not gonna say that basketball is a lot easier that

819
00:36:44,719 --> 00:36:47,040
Speaker 1: than cross fit cross across. It does have that community vibe,

820
00:36:47,040 --> 00:36:49,480
Speaker 1: which is because they tap into those elements and there's

821
00:36:49,520 --> 00:36:51,919
Speaker 1: that competition, there's that camaraderie. A good point. I probably

822
00:36:51,920 --> 00:36:54,520
Speaker 1: shouldn't have singled that CrossFit. I probably should have singled that,

823
00:36:54,600 --> 00:36:56,799
Speaker 1: like l a fitness or like just waking up at

824
00:36:56,840 --> 00:36:59,240
Speaker 1: five in the morning going for a run by yourself,

825
00:36:59,360 --> 00:37:01,640
Speaker 1: no headphone is when you haven't signed up for a race?

826
00:37:01,680 --> 00:37:03,399
Speaker 1: How about that? Because that sounds like in the middle

827
00:37:03,400 --> 00:37:05,319
Speaker 1: of January and you're like, no, this was the bad,

828
00:37:05,400 --> 00:37:08,480
Speaker 1: bad decision. It's so cold outside right now, and one

829
00:37:08,520 --> 00:37:11,920
Speaker 1: of the other ways that money challenges are successful is

830
00:37:11,920 --> 00:37:14,480
Speaker 1: because they up our commitment level. Because if you've only

831
00:37:14,480 --> 00:37:17,319
Speaker 1: been marginally thoughtful with your finances, making less progress than

832
00:37:17,320 --> 00:37:19,960
Speaker 1: you vote for a money challenge can just ratchet things

833
00:37:20,080 --> 00:37:22,480
Speaker 1: up in a big way. It's similar to that. Like

834
00:37:22,520 --> 00:37:24,400
Speaker 1: that half marathon that I mentioned, you've got skin in

835
00:37:24,440 --> 00:37:26,600
Speaker 1: the game now that you signed up for it, And

836
00:37:26,640 --> 00:37:29,279
Speaker 1: the same is true with starting a money challenge. You

837
00:37:29,280 --> 00:37:32,000
Speaker 1: don't want to let yourself down. Uh. And so accountability

838
00:37:32,040 --> 00:37:33,719
Speaker 1: comes into the equation here as well, because when you

839
00:37:33,760 --> 00:37:35,560
Speaker 1: say that you're going to do something, it makes it

840
00:37:35,640 --> 00:37:38,440
Speaker 1: real because you might end up telling your partner, you

841
00:37:38,440 --> 00:37:41,360
Speaker 1: tell a friend, maybe you publicly post about it, you

842
00:37:41,360 --> 00:37:43,759
Speaker 1: post your intentions what you're planning to do. When you

843
00:37:43,920 --> 00:37:47,320
Speaker 1: do that, something important happens. Tell everyone on Facebook that

844
00:37:47,360 --> 00:37:48,920
Speaker 1: you just signed up for a half marathon. People are

845
00:37:48,920 --> 00:37:51,040
Speaker 1: going to ask you about it, well, hopefully they will. Yeah,

846
00:37:51,360 --> 00:37:54,560
Speaker 1: there's just this level of accountability that's established. And when

847
00:37:54,600 --> 00:37:56,640
Speaker 1: you know that folks are are probably going to follow

848
00:37:56,760 --> 00:37:59,000
Speaker 1: up and ask you about how things are going, it

849
00:37:59,000 --> 00:38:01,719
Speaker 1: does create the stickiness that is hard to replicate. That's right.

850
00:38:01,760 --> 00:38:04,840
Speaker 1: And so since we're talking about accountability, we want to

851
00:38:04,880 --> 00:38:07,760
Speaker 1: help you out in that regard. We want to see

852
00:38:08,120 --> 00:38:11,719
Speaker 1: the money challenge that you attempt this year. We want

853
00:38:11,760 --> 00:38:14,640
Speaker 1: to see you succeed, And so you don't necessarily need

854
00:38:14,680 --> 00:38:18,040
Speaker 1: matter I to become your accountability partner when it comes to, yeah,

855
00:38:18,080 --> 00:38:21,040
Speaker 1: crushing that money challenge, saving more or spending less. We

856
00:38:21,120 --> 00:38:22,960
Speaker 1: know you've got other friends out there who can help

857
00:38:23,000 --> 00:38:24,719
Speaker 1: you with that, but we are going to offer our

858
00:38:24,760 --> 00:38:27,239
Speaker 1: services anyway. And so yeah, just go to the show

859
00:38:27,239 --> 00:38:29,520
Speaker 1: notes for this episode and you can join an email

860
00:38:29,560 --> 00:38:33,440
Speaker 1: list where you'll receive resources and encouragement from us. We

861
00:38:33,520 --> 00:38:35,719
Speaker 1: promise we're not gonna spam you or try to sell

862
00:38:35,760 --> 00:38:37,960
Speaker 1: you anything. We really just want to help you succeed.

863
00:38:38,120 --> 00:38:40,360
Speaker 1: The emails that we send are just gonna hopefully be

864
00:38:40,480 --> 00:38:44,360
Speaker 1: encouraging and they're gonna spur you on towards success as

865
00:38:44,400 --> 00:38:47,680
Speaker 1: you attempt to challenge yourself when it comes to some

866
00:38:47,719 --> 00:38:49,640
Speaker 1: of the things you want to achieve with your finances

867
00:38:50,200 --> 00:38:53,080
Speaker 1: over the coming months and really out throughout this year.

868
00:38:53,200 --> 00:38:55,000
Speaker 1: That's right when you signed up. You can select a

869
00:38:55,000 --> 00:38:57,640
Speaker 1: different box depending on which money challenge you're looking to

870
00:38:57,760 --> 00:38:59,360
Speaker 1: implement in your lives, and so whether that's a no

871
00:38:59,440 --> 00:39:01,440
Speaker 1: spend challenge, your savings challenge or or one of the

872
00:39:01,440 --> 00:39:05,160
Speaker 1: food challenges will include those options there for you when

873
00:39:05,239 --> 00:39:07,640
Speaker 1: you enter in your email. We're really looking forward to

874
00:39:07,680 --> 00:39:10,319
Speaker 1: this being a part of your journey this year. And

875
00:39:10,400 --> 00:39:12,120
Speaker 1: you know, like there are just so many different approaches

876
00:39:12,160 --> 00:39:14,239
Speaker 1: to getting better with your money. Because I see a

877
00:39:14,280 --> 00:39:17,840
Speaker 1: money challenge, how it could almost be like this on sprint,

878
00:39:18,080 --> 00:39:21,280
Speaker 1: where you're just able to gain some important grounds so quickly.

879
00:39:21,680 --> 00:39:25,680
Speaker 1: Oftentimes making positive traction with our money just feels like

880
00:39:25,760 --> 00:39:28,040
Speaker 1: a slog. But the point of these challenges is for

881
00:39:28,080 --> 00:39:31,200
Speaker 1: you to see a lot of results really quickly. And

882
00:39:31,440 --> 00:39:33,000
Speaker 1: keep in mind, some of the challenges that we mentioned

883
00:39:33,040 --> 00:39:36,160
Speaker 1: today might sound ridiculous to you, and that's fine, you

884
00:39:36,200 --> 00:39:38,919
Speaker 1: can completely ignore those. But I bet there are gonna

885
00:39:38,920 --> 00:39:41,080
Speaker 1: be one or two that we mentioned that sound appealing

886
00:39:41,120 --> 00:39:43,280
Speaker 1: and it might be exactly what you need to incorporate

887
00:39:43,320 --> 00:39:45,440
Speaker 1: into your life. So latch onto one of those and

888
00:39:45,600 --> 00:39:48,279
Speaker 1: put all your focus into knocking that challenge out of

889
00:39:48,320 --> 00:39:49,960
Speaker 1: the park. And if it would be helpful to have

890
00:39:50,000 --> 00:39:52,880
Speaker 1: some accountability from us, we are happy to help. Yeah, man,

891
00:39:52,880 --> 00:39:54,440
Speaker 1: it's gonna be a lot of fun to see what

892
00:39:54,840 --> 00:39:56,839
Speaker 1: a bunch of different how the money listeners are going

893
00:39:56,880 --> 00:40:00,279
Speaker 1: to be able to achieve because they have sigh up,

894
00:40:00,280 --> 00:40:02,960
Speaker 1: They've gotten all these elements that are good and helpful

895
00:40:02,960 --> 00:40:04,680
Speaker 1: about a money challenge, and they've said, you know what,

896
00:40:04,719 --> 00:40:06,960
Speaker 1: I'm going to take that on of my own accord

897
00:40:07,320 --> 00:40:09,640
Speaker 1: and I'm gonna sign up on how the Money dot

898
00:40:09,680 --> 00:40:14,200
Speaker 1: Com and hopefully just that intentional choice, it breeds some

899
00:40:14,280 --> 00:40:18,719
Speaker 1: accountability and it leads to just excellent money action that

900
00:40:18,800 --> 00:40:21,080
Speaker 1: otherwise you might have floundered or you might have continued

901
00:40:21,080 --> 00:40:23,000
Speaker 1: along in the same pattern as like you said that

902
00:40:23,160 --> 00:40:25,480
Speaker 1: you've been taking part in for years now, and especially

903
00:40:25,640 --> 00:40:27,120
Speaker 1: at the beginning of the year. This is this is

904
00:40:27,160 --> 00:40:30,080
Speaker 1: a great time to start because we all want to

905
00:40:30,120 --> 00:40:33,040
Speaker 1: accomplish something. You're turning tuning into this podcast. Maybe you've

906
00:40:33,040 --> 00:40:35,279
Speaker 1: been listening for years now, or maybe you're brand new

907
00:40:35,320 --> 00:40:36,680
Speaker 1: and you're like, I don't know where to start. Well,

908
00:40:36,840 --> 00:40:39,160
Speaker 1: this episode is is a great place for you to

909
00:40:39,320 --> 00:40:41,880
Speaker 1: enter in is where you start. Yeah, and even for

910
00:40:42,200 --> 00:40:44,440
Speaker 1: some of our listeners, long time listeners who have been

911
00:40:44,440 --> 00:40:46,600
Speaker 1: listening for years on end, it's like, you know what

912
00:40:46,880 --> 00:40:49,640
Speaker 1: a money challenge can help you achieve a new goal

913
00:40:50,120 --> 00:40:52,200
Speaker 1: or a goal that you've had, and you're like, it's

914
00:40:52,200 --> 00:40:53,680
Speaker 1: gonna take me a long time to get there, and

915
00:40:53,760 --> 00:40:56,400
Speaker 1: this can accelerate your progress towards one of those goals,

916
00:40:56,440 --> 00:40:58,760
Speaker 1: even though you've been handling money well for a number

917
00:40:58,800 --> 00:41:01,200
Speaker 1: of years now. So I think challenges can work well

918
00:41:01,239 --> 00:41:05,640
Speaker 1: for people of all different places in their money journey.

919
00:41:05,840 --> 00:41:08,040
Speaker 1: But Matt, let's get back to the beer that we

920
00:41:08,040 --> 00:41:11,120
Speaker 1: had on this episode. This one is called Wild Sinister Kid.

921
00:41:11,200 --> 00:41:14,959
Speaker 1: It's a double barrel Wild Ale from Trillion Brewing. What

922
00:41:14,960 --> 00:41:16,920
Speaker 1: what were your thoughts on this one? Well, I will

923
00:41:16,920 --> 00:41:19,160
Speaker 1: say that this is a delicious beer. Dude. I am

924
00:41:19,400 --> 00:41:22,000
Speaker 1: so stoked that not only were we able to finish

925
00:41:22,120 --> 00:41:24,160
Speaker 1: last year off with some with a Trillion beer, but

926
00:41:24,200 --> 00:41:27,279
Speaker 1: we're able to kick off two just on such a

927
00:41:27,280 --> 00:41:29,520
Speaker 1: great note. This was a fantastic beer. As soon as

928
00:41:29,560 --> 00:41:31,520
Speaker 1: we cracked it open and poured it, you picked up

929
00:41:31,520 --> 00:41:34,359
Speaker 1: on those barrel notes, like it just had so much

930
00:41:34,560 --> 00:41:37,640
Speaker 1: barrel action going on, and the no is just from

931
00:41:37,680 --> 00:41:40,120
Speaker 1: smelling it, Like, I mean, you mentioned this, but you

932
00:41:40,320 --> 00:41:42,239
Speaker 1: you said you're like, is this a stout? And I

933
00:41:42,280 --> 00:41:46,239
Speaker 1: think that's because oftentimes when we smell bourbon notes in

934
00:41:46,280 --> 00:41:48,560
Speaker 1: a darker beer, you immediately think, oh, it's a bourbon

935
00:41:48,600 --> 00:41:51,160
Speaker 1: barrel aged stout. But this was a sour. This is

936
00:41:51,200 --> 00:41:53,319
Speaker 1: also dark to write like it is dark. It was.

937
00:41:53,400 --> 00:41:55,800
Speaker 1: It was a dark sour. Yeah, exactly, a porred black

938
00:41:55,840 --> 00:41:57,399
Speaker 1: in the glass. And so I think it's because it's

939
00:41:57,560 --> 00:42:01,160
Speaker 1: um in an old ale maybe, is what it said. Yeah, exactly.

940
00:42:01,360 --> 00:42:04,080
Speaker 1: Uh and so yeah, certainly aged more having gone through

941
00:42:04,080 --> 00:42:08,120
Speaker 1: the barrel aging process. But dude, it had excellent acidity

942
00:42:08,160 --> 00:42:10,400
Speaker 1: and tartness, and it honestly it kind of made me

943
00:42:10,400 --> 00:42:13,000
Speaker 1: think of like a whole new style of beer, or

944
00:42:13,000 --> 00:42:14,560
Speaker 1: not a new style, but like it made me think

945
00:42:14,719 --> 00:42:16,319
Speaker 1: if I had to call this something else, I'd call

946
00:42:16,320 --> 00:42:20,040
Speaker 1: it an Imperial Flanders red because it had all the

947
00:42:20,480 --> 00:42:23,320
Speaker 1: flavors that you typically associate with the Flanders, right, the

948
00:42:23,360 --> 00:42:26,960
Speaker 1: acidity and the darker notes, some of the vinegar vibes

949
00:42:27,000 --> 00:42:29,160
Speaker 1: from Yes, but it was just punched up to a

950
00:42:29,160 --> 00:42:32,319
Speaker 1: different level. That's where the imperial comes from. But but yeah,

951
00:42:32,320 --> 00:42:34,600
Speaker 1: I really enjoyed this beer. A huge things to to

952
00:42:34,640 --> 00:42:36,920
Speaker 1: Ali for sending this one, r A. But yeah, what

953
00:42:36,920 --> 00:42:38,279
Speaker 1: were your thoughts on this? I saw? I just really

954
00:42:38,320 --> 00:42:41,279
Speaker 1: quickly say I agree, this was delicious and it was

955
00:42:41,760 --> 00:42:45,520
Speaker 1: completely unique and there were so many different flavor vibes

956
00:42:45,560 --> 00:42:48,400
Speaker 1: going on in this beer that it's almost hard to

957
00:42:48,400 --> 00:42:51,759
Speaker 1: pinpoint exactly what I was tasting. But it's also I

958
00:42:51,760 --> 00:42:53,959
Speaker 1: thought of it almost like a thousand piece puzzle where

959
00:42:53,960 --> 00:42:55,399
Speaker 1: there are all these things going together, but they fit

960
00:42:55,440 --> 00:42:57,680
Speaker 1: together perfectly. So there's a whole bunch of beers out

961
00:42:57,680 --> 00:42:59,040
Speaker 1: there that are trying to do a lot that don't

962
00:42:59,080 --> 00:43:01,239
Speaker 1: accomplish it where you're like, I do not get what

963
00:43:01,320 --> 00:43:03,640
Speaker 1: the brewer was was trying to go for there, but

964
00:43:03,719 --> 00:43:06,520
Speaker 1: this was not one of them. It was delicious in

965
00:43:06,560 --> 00:43:10,360
Speaker 1: all of its eccentricity. It had just a huge amount

966
00:43:10,560 --> 00:43:13,440
Speaker 1: of drink ability like to it. It was it was

967
00:43:13,480 --> 00:43:16,200
Speaker 1: just it was delicious. And what's so amazing is the

968
00:43:16,200 --> 00:43:19,000
Speaker 1: fact that this is a wild American ale. This is

969
00:43:19,040 --> 00:43:22,040
Speaker 1: a sour and that is another style that I've had

970
00:43:22,520 --> 00:43:26,120
Speaker 1: by Trillion before. Yeah, they're mostly known for brewing delicious

971
00:43:26,120 --> 00:43:28,279
Speaker 1: I PA. There are New England double dry hopped I

972
00:43:28,320 --> 00:43:31,160
Speaker 1: p A s is essentially their flagship style. And for

973
00:43:31,200 --> 00:43:33,560
Speaker 1: them to take on you know what I would call

974
00:43:33,719 --> 00:43:36,040
Speaker 1: not like a style that's not in their wheelhouse and

975
00:43:36,080 --> 00:43:37,520
Speaker 1: to take that and just knock it out of the

976
00:43:37,560 --> 00:43:41,960
Speaker 1: park like that speaks tremendous amounts of their capabilities. They're

977
00:43:42,320 --> 00:43:45,400
Speaker 1: up at Trillium Brewing Company. If you ever see some trillium,

978
00:43:45,560 --> 00:43:47,799
Speaker 1: I would suggest that you order that beer because it

979
00:43:47,880 --> 00:43:50,320
Speaker 1: is likely going to be delicious. You will not be upset,

980
00:43:50,400 --> 00:43:53,840
Speaker 1: And one day we might get some trillium distributed to Georgia.

981
00:43:54,080 --> 00:43:56,000
Speaker 1: That would be a that would be a greatday. Well,

982
00:43:56,080 --> 00:43:58,760
Speaker 1: big thanks to Ali for since we don't get trillium

983
00:43:58,760 --> 00:44:00,640
Speaker 1: in Atlanta, for sending the to be our way. We

984
00:44:00,680 --> 00:44:02,560
Speaker 1: really appreciate it, and that's going to do it for

985
00:44:02,600 --> 00:44:05,640
Speaker 1: this episode again. Sign up for those money challenges on

986
00:44:05,719 --> 00:44:08,000
Speaker 1: our website in the show notes for this episode, which

987
00:44:08,040 --> 00:44:10,920
Speaker 1: are up on how to money dot com. We're excited

988
00:44:10,960 --> 00:44:12,759
Speaker 1: to see what you can make happen this year with

989
00:44:12,800 --> 00:44:15,480
Speaker 1: your money. That's right, buddy, So until next time, Best

990
00:44:15,520 --> 00:44:17,200
Speaker 1: Friends Out, Best Friends Out,