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Speaker 1: Welcome to had of Money. I'm Joel and I am Matt.

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Speaker 2: Today we're talking about recession vibes, addicted to autos, and

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Speaker 2: paying for friendship.

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Speaker 1: That's right. Everyone's gonna figure out whether or not Joel

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Speaker 1: has been paying the seven to ninety nine subscription to

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Speaker 1: be Matt Alwicks's friend, or if he's been paying the

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Speaker 1: premium fourteen ninety nine. That's what it would cost for

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Speaker 1: the premium AD supported version of Corsi Wig. Because you

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Speaker 1: love ads, I just like saving money. This is our

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Speaker 1: Friday fly. We're gonna talk about the most pertinent headlines,

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Speaker 1: the ones that we think you should be paying attention to.

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Speaker 1: And Happy Friday everyone. It's so great having a holiday

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Speaker 1: weekend like this where I feel like the week just

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Speaker 1: flies by and before you know it, bloom.

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Speaker 2: It's for only four days in the office this week

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Speaker 2: for most people, which is which is lovely. Okay, speaking

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Speaker 2: of which, Matt, Monday, you and I were off obviously

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Speaker 2: for Memorial Day, and it's a solemn holiday, right all

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Speaker 2: the fallen soldiers who have protected our freedoms. I was

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Speaker 2: going to run a five k on Memorial Day.

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Speaker 1: While carrying an American flag.

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Speaker 2: Yeah, totally and in Norwegian one just because my heritage

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Speaker 2: is okay both at the same time. Yeah, they probably

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Speaker 2: would have goten scals, but I was gonna do it anyway.

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Speaker 2: Buddy and I were going to wake up early. Started

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Speaker 2: driving over there. It was raining a little bit. I

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Speaker 2: was like, all right, one ever't really run any races.

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Speaker 2: This is kind of my first four ray into that.

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Speaker 2: It's a little nervous anyway. But then it just like

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Speaker 2: the clouds open up and if Yeah, I felt like

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Speaker 2: Noah in the Old Testament, and the rain just came

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Speaker 2: down like crazy lightning. They canceled the race, right, So.

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Speaker 1: The lightning is key. Yeah, I think that's because it's

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Speaker 1: a lot of races it's like rain or shine, But

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Speaker 1: I don't know about the lightning aspect of it.

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Speaker 2: And they couldn't delay it because they got to shut

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Speaker 2: down the road. They've got a permit for a certain

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Speaker 2: time period, and hey, guess what if they delay by

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Speaker 2: a couple hours, they're gonna lose the permit. They got

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Speaker 2: to open the roads back, so they canceled the race.

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Speaker 2: We went to Cracker Barrel to commiserate, because that's what one.

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Speaker 1: Does instead of razy, like do the opposite this like, loo,

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Speaker 1: oh you actually fried southern food. We ran our own

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Speaker 1: race later that afternoons.

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Speaker 2: Okay, that was good. I still got to run it.

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Speaker 2: But my question to you is, because I'm still thinking

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Speaker 2: through this frugal or cheap, I don't know what my

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Speaker 2: response should be. Should I paid with a credit card?

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Speaker 2: Should I do a chargeback because the race was canceled?

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Speaker 2: You said you did pay with a credit card? I did, Okay,

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Speaker 2: So for I guess, first of all, maybe for folks.

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Speaker 2: Most folks know what a chargeback is. But that's where

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Speaker 2: you go go to your credit card company and you say, hey,

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Speaker 2: this was a fraudulent charge, or hey, service is not rendered,

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Speaker 2: or you say.

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Speaker 1: Hey they double dips sometimes I've had that happen.

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Speaker 2: Or they send me a product and it didn't look

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Speaker 2: anything like what they listened on the website.

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Speaker 1: Yeah. So, man, this is a good one. And I

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Speaker 1: think it has a lot to do with what did

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Speaker 1: the fine prints say, because you go look into that. Sure, okay,

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Speaker 1: because I think if it says on there, like I said,

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Speaker 1: rain or shine, even thunder, well I guess if it

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Speaker 1: was even thunder, then they should have actually held the race.

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Speaker 1: But they actually called it off So, first of all,

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Speaker 1: I do think it comes down to the fine print.

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Speaker 1: What kind of like who hosted the race? By the way,

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Speaker 1: I don't even remember.

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Speaker 2: It was some sort of was it Memorial Day? Was

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Speaker 2: there like a charity race?

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Speaker 1: Was it for like cancer or for like veterans or not?

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Speaker 1: I mean it was because veterans were able to run

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Speaker 1: free in the race. But okay, because I was gonna

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Speaker 1: say if it was like a fundraiser kind of race,

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Speaker 1: it seems like a cheap thing to like stick it

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Speaker 1: to them and be like, hey, I want my money back,

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Speaker 1: I want my donation back. Essentially, that's like how they're

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Speaker 1: qualifying the entry fee. But no, I think it's a

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Speaker 1: viable option to do a charge back. Okay, here's my

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Speaker 1: last question. Have you reached out to the race organizer?

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Speaker 1: Not yet. I'm still because I'm in that limo.

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Speaker 2: I'm like, I don't know, it feels a little cheap,

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Speaker 2: but also like I hate the I oll one other thing,

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Speaker 2: by the way, I did, there was like thirty five

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Speaker 2: bucks to run the race no T shirt, and forty

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Speaker 2: bucks to run the race with a T shirt. I

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Speaker 2: assume the T shirts were going to be ugly. I

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Speaker 2: took the cheaper route. Yeah, but yeah, now I'm.

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Speaker 1: Like, the ends up being awesome. I don't know. So

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Speaker 1: that was another number. So yeah, some of them are cool,

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Speaker 1: So I do. I would be willing to do a chargeback,

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Speaker 1: but you've got to reach out to the business first.

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Speaker 1: And the reason I mentioned this is I think we

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Speaker 1: talked about it. They ask you that when you file

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Speaker 1: a charge back, they ask you if you've reached out

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Speaker 1: to the business, but specifically because it costs the small

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Speaker 1: business money, Like there's a fee involved when a small business,

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Speaker 1: a small retailer, or I guess a large business as well,

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Speaker 1: if they have customers who were requesting a charge back.

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Speaker 1: I didn't know this until somewhat recently because I requested

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Speaker 1: a charge back from a car wash where I had

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Speaker 1: signed up for a promotion and they're like, if you

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Speaker 1: cancel within thirty days, no harm, no foul or whatever,

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Speaker 1: you get to try it out. And so I canceled,

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Speaker 1: of course, and guess what they still did even after

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Speaker 1: I had reached out to them and to cancel it,

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Speaker 1: and they even gave me a confirmation like all right,

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Speaker 1: you're canceled, and then that next month rolled around, boom,

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Speaker 1: I was still charged and so in my according to

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Speaker 1: my own rules here, I guess I had reached out

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Speaker 1: to them, but not after they charged me, just in

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Speaker 1: order to keep myself from being charged. But someone with

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Speaker 1: the car wash reached out was just like, hey, next time,

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Speaker 1: if just just let us talk to us about it,

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Speaker 1: and I was like, well, I did reach out to you,

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Speaker 1: we did talk about it, but I guess I just

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Speaker 1: didn't talk about it with him. I didn't reach out

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Speaker 1: to him after the fact. But they could cost them

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Speaker 1: anywhere between. Like, I think the feed starts at around

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Speaker 1: twenty bucks, but I've seen it reported up to one

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Speaker 1: hundred dollars. Wow for a chargeback. Send it for businesses

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Speaker 1: to do right by their customers. Yeah, but that's a

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Speaker 1: good point. Maybe I should reach out on the car

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Speaker 1: processing network. They decide what it is that the small

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Speaker 1: but small business is charged.

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Speaker 2: Okay, maybe that's what I'll do. I'll at least reach

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Speaker 2: out in a friendly manner. I'll ask the question. I'll say, hey,

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Speaker 2: sad that the race guy canceled. Are there refunds?

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Speaker 1: Are giving any refunds? Yeah? I think it's totally worth

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Speaker 1: And then if they offer at least starting a conversation

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Speaker 1: or maybe they're like they're like, hey, we're willing to

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Speaker 1: instead would you rather would you be willing to accept

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Speaker 1: a free entry to another race that kind of thing, right,

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Speaker 1: which it feels like a win win.

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Speaker 2: I think i'd be that'd be great for me. So

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Speaker 2: good point. I'll reach out to the race sponsors. Right,

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Speaker 2: I'll let you know what if I know, let us know.

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Speaker 2: All right, Well, let's move on, Mat, let's get to

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Speaker 2: the Friday flight. This is a sampling of stories we

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Speaker 2: found interesting this week and how they pertain to your

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Speaker 2: personal finances. Of course, we talked with Kyla Scanlon on Wednesday.

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Speaker 2: We talked about vibes a whole lot. That is like

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Speaker 2: something that she thinks and writes a lot about. They're

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Speaker 2: incredibly influential, more so than I even thought, Matt. Just

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Speaker 2: how people feel. It's like this almost like self determining thing,

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Speaker 2: it seems, and an entire.

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Speaker 1: Economy feelings and attitudes.

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Speaker 2: Yeah, which makes sense because like, hey, if you're optimistic

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Speaker 2: about things, you're probably gonna take more chances in life.

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Speaker 2: If you're pessimistic, you're probably gonna take fewer. So yeah,

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Speaker 2: I guess just hadn't really connected the dots until I

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Speaker 2: started reading Kylo's work. Well, at least to a certain extent,

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Speaker 2: we tend to manifest what we feel, and it's no wonder. Actually,

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Speaker 2: I read this quote this week Matt Daniel Konnoman. He

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Speaker 2: once said that if you could only wish one thing

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Speaker 2: for your child, wish for optimism. And I thought that was, like,

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Speaker 2: actually a good point. I'm like, yeah, okay, if I

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Speaker 2: want my kids to be one thing, I don't know, resilient, gritty,

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Speaker 2: but optimistic would be certainly be up there. But the

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Speaker 2: American public, we're not terribly optimistic right now, despite a

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Speaker 2: spate of good economic news. There's this new Harris poll

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Speaker 2: and the results were shocking. It found that more than

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Speaker 2: half of Americans think we're currently in a recession, and

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Speaker 2: more than half of Americans also think that the economy

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Speaker 2: is shrinking. Recessions are backward looking, but I don't know,

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Speaker 2: we don't appear to be in one right now, and

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Speaker 2: the economy appears to be growing quite nicely.

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Speaker 1: Three quarters of.

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Speaker 2: Folks believe that inflation is increasing and it's not going

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Speaker 2: back to the two percent target easily, but it is

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Speaker 2: receding right Inflation is going down, It is coming down,

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Speaker 2: half folks think that unemployment is at a fifty year high.

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Speaker 2: The opposite is true. So it's just really interesting to

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Speaker 2: see that the facts on the ground are. You know,

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Speaker 2: it's not like all roses and sunshine. But the vibes

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Speaker 2: aren't great right now, and they don't necessarily align with reality.

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Speaker 1: Yeah, yeah, everything isn't quite peachy and wonderful. But yeah,

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Speaker 1: it is amazing how these bad vibes lead to massive,

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Speaker 1: like actual factual inaccuracies. So here's another positive stat that

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Speaker 1: I saw going around, which is that pay increases on

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Speaker 1: average have outpaced inflation. And that being said, I feel

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Speaker 1: like this is an instance where good news equals bad

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Speaker 1: news because wage increases is a key driver of inflation.

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Speaker 1: And what happens when inflation is high, well that's when

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Speaker 1: the FED refuses to cut rates, which is what we've seen.

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Speaker 1: And when the FED refuses to cut rates, so those

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Speaker 1: things down, people get bummed out. So it's I don't know, I'm.

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Speaker 2: Just highly new the fact that it's all it's all

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Speaker 2: circular essentially, and a pay RaSE happens things connected once

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Speaker 2: a year. But you go shop at the grocery store

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Speaker 2: every week, and so I think, like, oh, well, who

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Speaker 2: a five percent pay bump, But then you go to

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Speaker 2: the grocery store and you're bummed out, not realizing that

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Speaker 2: you've got more money to cover some of those, you know,

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Speaker 2: increased prices.

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Speaker 1: Sure well, speaking of the grocery store, here's some actual

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Speaker 1: good news that will soon realize, and that is that

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Speaker 1: Aldi they announce that they're lowering prices on more than

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Speaker 1: two hundred and fifty items this summer, So you had

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Speaker 1: another reason to try out Aldy if you if you

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Speaker 1: refuse to get a hold out. But also Target they

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Speaker 1: announced price reductions on more than five thousand items. Cost Go.

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Speaker 1: They similarly say that prices they're not just going up,

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Speaker 1: they're actually coming down on some items as well. Walgreens

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Speaker 1: reported something similar, And it makes me think about our

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Speaker 1: conversation with John Mackie, he's the founder of Whole Foods.

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Speaker 1: There is a lot of competition within the grocery industry,

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Speaker 1: and the more competition we have, I think, the more

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Speaker 1: that we are all going to benefit. This is a

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Speaker 1: case in point when it comes to what we're paying

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Speaker 1: at grocery stores. Yeah.

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Speaker 2: Yeah, And that of course doesn't mean that inflation isn't

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Speaker 2: a problem anymore, Right, we've talked about childcare costs.

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Speaker 1: Last week we talked about.

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Speaker 2: The insane rise in the cost of insurance home insurance,

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Speaker 2: auto insurance. Those aren't terribly easy to push back against. So, yes,

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Speaker 2: there are still microeconomic problems facing consumers, especially if you've

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Speaker 2: got like a slew of kids that you have to

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Speaker 2: find chalco are for slew of young kids, and if

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Speaker 2: you've got multiple cars or in the house to ensure

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Speaker 2: like those costs have gone up and yeah, there's some

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Speaker 2: things you can do to push back, but you probably

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Speaker 2: can't bring them back down to like twenty nineteen levels. Right,

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Speaker 2: that's impossible. But the response is to that poll also

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Speaker 2: reflect a lack of realism too, Right. There was this

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Speaker 2: interesting article in Axios. It highlighted a changing definition of

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Speaker 2: inflation as a potential part of this problem. Right because

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Speaker 2: instead of year over year price increases, which is the

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Speaker 2: real definition of inflation, when most folks cite inflation, now,

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Speaker 2: what they're really revealing, What they really mean is prices

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Speaker 2: are just too dang high. Like that's what people mean

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Speaker 2: when they say inflation. Now, sure, this inflation is crushing me,

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Speaker 2: and it's not about the year over year movement in prices.

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Speaker 2: It's all about the fact that prices are just higher

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Speaker 2: and they want them to be. Case in point, the

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Speaker 2: grocery store. Right, prices are up a lot since twenty

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Speaker 2: twenty one, up twenty plus percent, but the same time,

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Speaker 2: the rate of inflation has chilled out a lot too. Currently,

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Speaker 2: inflation is low on groceries. It's one point one percent

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Speaker 2: year over year price increases. So it's like we feel

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Speaker 2: a certain way, and yes, prices are higher at the

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Speaker 2: grocery store, but they're not rising at nearly the same clip.

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Speaker 1: It's difficult because it's still inflation. It's just what is

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Speaker 1: your time horizon, right, because it's prices are higher, inflation

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Speaker 1: is low, or but the reason prices are high is

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Speaker 1: because of Like what we're talking about is yesterday's inflation,

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Speaker 1: not today's inflation. Right, Like we're not trying to gas

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Speaker 1: lightingbody out there, We're not trying to deny your personal experience,

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Speaker 1: but like what we're pointing to is the fact that

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Speaker 1: inflation was so high and has been so high over

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Speaker 1: the past four years. Right, Like we were close to

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Speaker 1: I mean we're over nine percent, we're close to double

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Speaker 1: digits that which is great for eebondholders. But sure, and

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Speaker 1: like that actually happened, right, And so even though inflation

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Speaker 1: is coming back down closer to the FEDS target, like

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Speaker 1: you said, prices will not come back down like regardless

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Speaker 1: of like we might see little drops here and there

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Speaker 1: at the grocery store like I mentioned, And that's I

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Speaker 1: welcome that with arms wide open. But but we also

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Speaker 1: don't want are you going to go creep on that?

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Speaker 1: I came out of the I'm not going to go there? Well,

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Speaker 1: I think yeah, some people, it's not going to be

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Speaker 1: We're not going to be able to go back to

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Speaker 1: pre pain levels in price levels.

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Speaker 2: Let's be honest, you don't want to because if we

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Speaker 2: enter a period of deflation, there's a lot of other

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Speaker 2: economic problems that come along with that. So slowing prices,

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Speaker 2: like prices not rising nearly as rapidly, is a good thing.

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Speaker 2: Prices going down could mean other signifigan problems for.

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Speaker 1: All more deflationary in nature, which is not the Fed's goals.

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Speaker 1: By the way, So one trend two combat high prices

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Speaker 1: that's apparently smoking hot right now is not buying anything.

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Speaker 1: We talked about that actually earlier this year with Liz Chai.

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Speaker 1: She wrote a book about that very topic. We'll link

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Speaker 1: to that episode there in the show notes. But more

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Speaker 1: folks are getting on the buy nothing bandwagon in an

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Speaker 1: effort to combat overspending, which is something we can totally

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Speaker 1: get behind, because, yeah, it's basically, even though I feel

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Speaker 1: like we're speaking out of both sides of our mouth,

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Speaker 1: inflation is coming down, but prices are still high, and

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Speaker 1: it's impossible to not feel the pinch of the longer

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Speaker 1: term impacts of inflation over the previous years. But it's

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Speaker 1: also true that there are significant, meaningful ways to mitigate

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Speaker 1: the impact on us as individuals. And choosing not to

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Speaker 1: buy any non essential items for like a specific period

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Speaker 1: of time, even like a month or two, as opposed

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Speaker 1: to a whole year, I think that can be a

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Speaker 1: great way to change habits that have just become ingrained,

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Speaker 1: and it can help us to just achieve some different

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Speaker 1: financial goals more quickly. And I'm pointing to the fact

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Speaker 1: that there are time periods that are good to focus

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Speaker 1: on because that's essentially what constitutes like a no spend challenge. Yeah,

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Speaker 1: the ability to say, okay, for a set amount of time,

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Speaker 1: I'm going to alter my behavior in this way. It's

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Speaker 1: like a jolt to kind of snap you out of

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Speaker 1: your spending ways. It's like a fast.

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Speaker 2: Right, and you're saying You're not saying like I'm never

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Speaker 2: going to eat food again, but what you're saying is

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Speaker 2: three four days, which I mean, let's be honest, I've

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Speaker 2: never actually done. I think it would be a good

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Speaker 2: thing for my body. I heard quarterback Aaron Rodgers talking

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Speaker 2: about that recently and I was like, oh man, that

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Speaker 2: sounds like something I should do, right, because it is

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Speaker 2: good for your body. It is a jolt to the system,

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Speaker 2: and I think the same thing can be true for

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Speaker 2: your finances. Taking a sort of spending fast, maybe even

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Speaker 2: in just a couple of specific categories that you find

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Speaker 2: particularly problematic, that can be a great way to proceed. So, yeah,

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Speaker 2: you don't have to go whole hog buy nothing for

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Speaker 2: the rest of your life like Liz did, although you

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Speaker 2: might find yourself more inclined in that direction after giving.

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Speaker 1: It a shot.

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Speaker 2: It's cool to see this as a trend that's taking

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Speaker 2: off because, yeah, I don't know, I think it can

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Speaker 2: have a solid and meaningful impact for a lot of people.

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Speaker 1: Totally agree, And I think what's key is focusing on

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Speaker 1: whatever financial goal it is that you're trying to accomplish, Like,

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Speaker 1: what is it that you're trying to reach with this,

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Speaker 1: Because it's not just about depriving yourself and the removal

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Speaker 1: of something from your life, because then what is there

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Speaker 1: in that void? Ooh, all you do is just focus

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Speaker 1: on the negative. You're just focusing on the fact that, oh,

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Speaker 1: I'm not I don't get to spend like I used to,

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Speaker 1: or I guess yeah, I'm not going to go into

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Speaker 1: the food fasting example. But in the case of money,

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Speaker 1: if you are replacing that with like, oh, I want

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Speaker 1: to eliminate some debt. Oh I want to be able

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Speaker 1: to max out my wrath IRA for the first time

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Speaker 1: ever this year, that is the positive that's basically supplants

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Speaker 1: that negative, and the ability to focus on that, I

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Speaker 1: think that is what's so key. It's not just saying no,

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Speaker 1: it's about Okay, what instead do I want to focus on?

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Speaker 2: Yeah, it can help you achieve those money goals faster. Yeah,

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Speaker 2: And again it's it's like the bare bones budget. It's

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Speaker 2: not something meant to be incorporated in perpetuity, but it

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Speaker 2: can be a great short term thing to do to

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Speaker 2: kind of like yeah, trump start your progress and then

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Speaker 2: you know what, if there are other people doing it,

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Speaker 2: join with your friends, make it a competition, make it

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Speaker 2: like a friendly endeavor that you do with other people,

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Speaker 2: because this is the kind of thing you can do

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Speaker 2: with the other folks in your life. Matt, I don't

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Speaker 2: know about you, but we have on our garment watches

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Speaker 2: like a step challenge sort of thing. I think I

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Speaker 2: invited you to a running challenge for the month of June.

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Speaker 2: Check it out with some of our other friends.

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Speaker 1: Haven't been on the app today, but that's.

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Speaker 2: The cool thing is like, if it's just about me

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Speaker 2: running like, I'll do some, but if I'm like trying

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Speaker 2: to kick your butt, I'll probably do more.

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Speaker 1: You got to include that community. That's right, It's huge.

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Speaker 1: All right, Let's talk about jobs for a second. It's

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Speaker 1: summertime and teens are signing up to work more, and

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Speaker 1: that's good news for the economy as a whole, given

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Speaker 1: how low the unemployment rate is. Their services are needed.

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Speaker 1: But it's also good for those young folks too.

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Speaker 2: Write and it's not just the money aspect either, Earning

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Speaker 2: money as a team, learning how to save, spend and

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Speaker 2: invest with those dollars that you've earned is great, but

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Speaker 2: it's also about the responsibility and the work experience that's garnered.

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Speaker 2: It's like learning how to talk to adults that aren't

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Speaker 2: your parent or teacher in the face. It's show up

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Speaker 2: on time, Like there's all these other things that happen

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Speaker 2: for teenagers when they do have a job that they

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Speaker 2: have to show up to. And Matt, you and I

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Speaker 2: were not like child labor advocates or anything like that,

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Speaker 2: but part time teen jobs are great in our book.

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Speaker 2: I think that my years spent working part time in

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Speaker 2: high school were really, really good for me, And I've

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Speaker 2: heard that from countless other people that those years you

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Speaker 2: could have been focusing more on your studies. But I

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Speaker 2: think for a lot of youngsters it gives you an

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Speaker 2: entry into the workforce that's pretty low stakes.

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Speaker 1: Yeah, essentially, what you're talking about are the soft skills

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Speaker 1: that you learn by going out there on your own.

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Speaker 1: And like, isn't that the unspoken rules and spoken rules

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Speaker 1: for us, Gore, Like, what are we trying to do

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Speaker 1: as adults or as parents. We're trying to launch our

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Speaker 1: kids like out into the world, And what a great

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Speaker 1: way to softly launch them out into the world with

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Speaker 1: the soft skills. By the way, I don't want them

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Speaker 1: to be like Matthew McConaughey. McConaughey and that rom Com.

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Speaker 1: I never watched failure to launch. But from young to

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Speaker 1: old time goes pretty quickly, y'all. And the share of

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Speaker 1: workers who think they'll work past age sixty two has

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Speaker 1: dropped dramatic in recent years. This is according to data

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Speaker 1: from the New York Fed. And what's interesting here is

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Speaker 1: that it's hard to put a finger on what it

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Speaker 1: is that's causing this new sentiment. We don't know. If

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Speaker 1: it's the fire movement, maybe that's gone a little warming stream.

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Speaker 1: Maybe it's the lingering impact of COVID, perhaps reminding us

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Speaker 1: that we're not going to live forever. We don't know.

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Speaker 1: But we're totally cool with folks aiming to bag work

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Speaker 1: a little bit earlier than the traditional retirement age. But

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Speaker 1: here's the thing. Planes and reality these are two different things.

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Speaker 1: And you've got to be more dedicated to saving and

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Speaker 1: investing if you're keen on retiring early, and that means

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Speaker 1: being more comfortable with greater sacrifice now for a brighter

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Speaker 1: tomorrow and funneling a higher percentage into your retirement accounts.

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Speaker 1: It means front loading that sacrifice, and we think that

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Speaker 1: having big goals are great and right like that is

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Speaker 1: going to be what fuels you to make some of

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Speaker 1: those sacrifices or to cut back on spending, perhaps to

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Speaker 1: buy nothing for a set peeriod of time. But just

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Speaker 1: make sure that you're creating actionable steps to make sure

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Speaker 1: that you that you end up getting there, not just

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Speaker 1: wishing and thinking and hoping that at some point that

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Speaker 1: that'll be something that you too will be able to achieve.

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Speaker 2: Yeah, just seeing the change in that stat a lot

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Speaker 2: more people saying I want to retire a lot earlier,

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Speaker 2: and more power to you. But just make sure that

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Speaker 2: it's not just pie in the sky, but you've got

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Speaker 2: like actual plans in place to help you get there.

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Speaker 2: Otherwise you're gonna get to that age and you're gonna

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Speaker 2: want to put in your notice, but you won't have

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Speaker 2: the financial backup to allow you to do so. Now

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Speaker 2: we've got more to get to on this episode, including

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Speaker 2: great news for people who like to travel domestically and internationally.

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Speaker 1: Will get to that and more right after this. All right, buddy,

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Speaker 1: we are back from the break and it is now

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Speaker 1: time for the ludicrous headline of the week. This one.

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Speaker 1: It's from the Journal, and the headline reads, want to

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Speaker 1: make a new friend? Well, how much money have you

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Speaker 1: got and be charging for friendship? Now? How much would

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Speaker 1: you pay Joel to be my friend? If a lot? Yeah,

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Speaker 1: thank you priceless right. The gist of this article was

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Speaker 1: like a Master Cards commercial. There are more folks out there,

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Speaker 1: especially young folks, but just more folks in general who

429
00:19:13,480 --> 00:19:17,880
Speaker 1: are relying on paid memberships to find friends. And it's

430
00:19:17,920 --> 00:19:21,680
Speaker 1: certainly true that the average American is starved for friendship.

431
00:19:21,720 --> 00:19:23,800
Speaker 1: This is according to pretty much all the different studies

432
00:19:23,840 --> 00:19:24,720
Speaker 1: and metrics that we've seen.

433
00:19:24,760 --> 00:19:27,119
Speaker 2: Well, I think the average person used to, say, fifteen

434
00:19:27,160 --> 00:19:28,919
Speaker 2: years ago, they had three point eight close friends they

435
00:19:28,920 --> 00:19:31,000
Speaker 2: could call on in a time of emergency. The average

436
00:19:31,000 --> 00:19:32,400
Speaker 2: person now has one point.

437
00:19:32,200 --> 00:19:33,840
Speaker 1: Six or something. I feel like, if there's two things,

438
00:19:33,880 --> 00:19:36,440
Speaker 1: Joel that we know a whole lot about, well, it's

439
00:19:36,440 --> 00:19:40,360
Speaker 1: going to be friendship and money beer. That's the third. Yeah, yeah, yeah,

440
00:19:40,359 --> 00:19:41,840
Speaker 1: if you've got to add add one on there, we're

441
00:19:41,840 --> 00:19:43,679
Speaker 1: experts maybe on those three. Bottom line, I don't think

442
00:19:43,680 --> 00:19:47,600
Speaker 1: there's anything wrong with paying a membership every single month

443
00:19:47,640 --> 00:19:49,000
Speaker 1: to do something that you love, right. I don't think

444
00:19:49,000 --> 00:19:51,800
Speaker 1: there's there's no harm in joining, say a climbing gym

445
00:19:51,880 --> 00:19:55,120
Speaker 1: because you love to climb. And also there's the ability

446
00:19:55,160 --> 00:19:58,399
Speaker 1: to benefit from the social activity of hanging out on

447
00:19:58,440 --> 00:20:00,840
Speaker 1: the crash pads and striking up a com sation with everybody.

448
00:20:00,840 --> 00:20:03,239
Speaker 2: That's the that's the vibe or or CrossFit. If you're

449
00:20:03,240 --> 00:20:05,200
Speaker 2: Matt and you just like to be in stinky places,

450
00:20:05,680 --> 00:20:07,080
Speaker 2: in close places with other people who.

451
00:20:07,000 --> 00:20:08,760
Speaker 1: Love it, it's worth totally worth it. But there are

452
00:20:08,800 --> 00:20:11,560
Speaker 1: just plenty of other ways to build community without spending

453
00:20:11,640 --> 00:20:14,160
Speaker 1: a ton of money. Uh, And that's what we want

454
00:20:14,160 --> 00:20:16,200
Speaker 1: to highlight here. We would recommend for folks to check

455
00:20:16,200 --> 00:20:18,760
Speaker 1: out something like meetup dot com. Uh. They've got a

456
00:20:18,800 --> 00:20:21,680
Speaker 1: list of different things that are going on near you.

457
00:20:21,680 --> 00:20:23,920
Speaker 1: You can look at like just different local Facebook groups

458
00:20:23,920 --> 00:20:26,280
Speaker 1: for some of the different activities that you're into, whether

459
00:20:26,320 --> 00:20:29,680
Speaker 1: that's like hiking or whether that's like pickleball. You don't

460
00:20:29,680 --> 00:20:31,880
Speaker 1: have to pay a ton of money to be able

461
00:20:31,880 --> 00:20:32,399
Speaker 1: to meet up with them.

462
00:20:32,480 --> 00:20:34,080
Speaker 2: Yeah, I've been telling you, Matt, my dad and I

463
00:20:34,119 --> 00:20:37,040
Speaker 2: at some point soon hopefully we wanna We want to hike,

464
00:20:37,160 --> 00:20:39,480
Speaker 2: we want to walk the Camino Santiago. There is a

465
00:20:39,480 --> 00:20:42,280
Speaker 2: place locally here or a Facebook group of people who

466
00:20:42,320 --> 00:20:44,720
Speaker 2: are getting together rerely like three four times a month

467
00:20:44,880 --> 00:20:48,080
Speaker 2: to do hikes and events together because they're passionate about

468
00:20:48,119 --> 00:20:50,480
Speaker 2: this one stretch of road in Spain. And it's just

469
00:20:50,480 --> 00:20:53,040
Speaker 2: fascinating how like you could do all that specific hike. Yes,

470
00:20:53,080 --> 00:20:53,720
Speaker 2: it's crazy, that.

471
00:20:53,720 --> 00:20:56,240
Speaker 1: Specific hike, and so that's amazing, Like it's it's not,

472
00:20:56,680 --> 00:20:59,600
Speaker 1: it's it's an incredibly cheap way to make friends with

473
00:20:59,600 --> 00:21:01,199
Speaker 1: people who care about the same things you do. I

474
00:21:01,240 --> 00:21:03,600
Speaker 1: love it. Church Like, that's another avenue as well if

475
00:21:03,640 --> 00:21:06,800
Speaker 1: you're so inclined. But just don't forget about some of

476
00:21:06,800 --> 00:21:10,520
Speaker 1: these lower cost ways of making friends, like anything from

477
00:21:10,560 --> 00:21:13,480
Speaker 1: like board games to volunteering serving others. That's a great

478
00:21:13,480 --> 00:21:16,520
Speaker 1: way to find folks who share a common passion or

479
00:21:16,520 --> 00:21:18,679
Speaker 1: common interest as you. It's just a great way to

480
00:21:18,880 --> 00:21:21,200
Speaker 1: not only to meet folks, but just also spend time

481
00:21:21,280 --> 00:21:24,159
Speaker 1: together and kindle some of these friendships that don't involve

482
00:21:24,200 --> 00:21:26,480
Speaker 1: you spending a ton of money every single month neighborhood events.

483
00:21:26,520 --> 00:21:28,040
Speaker 2: And you know what, sometimes you've got to be the change.

484
00:21:28,080 --> 00:21:30,080
Speaker 2: You got to be the person to help inspire those

485
00:21:30,119 --> 00:21:33,439
Speaker 2: get togethers. Matt recently, I threw a little picnic for

486
00:21:33,720 --> 00:21:35,560
Speaker 2: a group of friends who live in the area. You

487
00:21:35,600 --> 00:21:38,320
Speaker 2: were there too, and I was like, oh, man, I

488
00:21:38,320 --> 00:21:40,320
Speaker 2: wish this existed. And then I like punched myself in

489
00:21:40,320 --> 00:21:42,480
Speaker 2: the face and I was like, you make it exist, Joel,

490
00:21:42,640 --> 00:21:44,520
Speaker 2: And so I did and it was a great time.

491
00:21:44,560 --> 00:21:46,360
Speaker 1: And that like instigates community.

492
00:21:46,359 --> 00:21:48,399
Speaker 2: And I think sometimes we're maybe afraid to get the

493
00:21:48,400 --> 00:21:50,480
Speaker 2: ball rolling on that, myself included, and so I just

494
00:21:50,520 --> 00:21:54,800
Speaker 2: have to be reminded that I too can start that participation.

495
00:21:54,840 --> 00:21:57,800
Speaker 2: I can be the catalyst for it. So don't feel obliged,

496
00:21:57,880 --> 00:21:59,880
Speaker 2: obligated to pay big bucks.

497
00:21:59,720 --> 00:22:02,159
Speaker 1: To make friends. I don't think you need to. All right, man,

498
00:22:02,200 --> 00:22:05,479
Speaker 1: let's talk about the automobile, because we are big fans

499
00:22:05,480 --> 00:22:08,000
Speaker 1: of driving your car to the wheels fall off. Well,

500
00:22:08,119 --> 00:22:10,479
Speaker 1: it turns out more Americans are doing just that. The

501
00:22:10,840 --> 00:22:14,240
Speaker 1: typical car in the US now remains on the road

502
00:22:14,359 --> 00:22:17,919
Speaker 1: for over twelve years on average. I love hearing this

503
00:22:18,160 --> 00:22:21,360
Speaker 1: as someone with a twelve plus year old vehicle myself. Oh,

504
00:22:21,400 --> 00:22:24,000
Speaker 1: mine's almost twenty, bro, Is it really well? My my

505
00:22:24,400 --> 00:22:28,200
Speaker 1: accurate SUV? Yeah, wait, it looks surprisingly good for being

506
00:22:28,200 --> 00:22:30,760
Speaker 1: that old. Clean the bird poop off, though I wear

507
00:22:30,800 --> 00:22:33,440
Speaker 1: the age of our van, like as a badge of honor.

508
00:22:33,960 --> 00:22:35,960
Speaker 1: But I'm also a little disappointed now to see that

509
00:22:36,000 --> 00:22:38,800
Speaker 1: it's just average, because I don't know, I guess you

510
00:22:38,800 --> 00:22:40,239
Speaker 1: thought you were above average. I kind of thought it

511
00:22:40,280 --> 00:22:42,360
Speaker 1: was like when you're around folks that have newer vehicles,

512
00:22:42,520 --> 00:22:44,560
Speaker 1: you feel the age of your vehicle a little bit,

513
00:22:44,600 --> 00:22:46,399
Speaker 1: but they feel have to be proud of it. They

514
00:22:46,400 --> 00:22:48,399
Speaker 1: feel elite, ashamed of it in the other way, and

515
00:22:48,440 --> 00:22:50,800
Speaker 1: you're like, no, no, no, I'm the elite one. Yeah, okay.

516
00:22:50,840 --> 00:22:52,840
Speaker 1: So I think one of the reasons we wanted to

517
00:22:52,960 --> 00:22:55,760
Speaker 1: share the story with folks is because what's fascinating is

518
00:22:55,840 --> 00:22:59,119
Speaker 1: that our society, it seemed like, basically we're obsessed with

519
00:22:59,240 --> 00:23:02,880
Speaker 1: quote unquote going green, right like, get you that EV,

520
00:23:03,080 --> 00:23:06,240
Speaker 1: get you a new hybrid, do your part. Hybrids specifically,

521
00:23:06,280 --> 00:23:08,600
Speaker 1: they're hotter than than EV's. Right now, there seems to

522
00:23:08,600 --> 00:23:11,679
Speaker 1: be a shifting sentiment towards those. But the greenest and

523
00:23:11,760 --> 00:23:15,320
Speaker 1: the cheapest, most affordable thing is almost always to keep

524
00:23:15,400 --> 00:23:18,040
Speaker 1: driving the car that you already have. You want to

525
00:23:18,359 --> 00:23:21,400
Speaker 1: save money on those rising insurance costs that Joe mentioned earlier,

526
00:23:21,520 --> 00:23:24,720
Speaker 1: drive an older car. There's nothing wrong with EV's there's

527
00:23:24,720 --> 00:23:27,359
Speaker 1: nothing wrong with with hybrids out there. At some point,

528
00:23:27,359 --> 00:23:30,000
Speaker 1: we're all going to upgrade our cars, but holding out

529
00:23:30,119 --> 00:23:32,879
Speaker 1: longer is crucial. And you know that new hybrid. It

530
00:23:32,920 --> 00:23:35,119
Speaker 1: might save you some money on fuel, but most of

531
00:23:35,160 --> 00:23:37,400
Speaker 1: the time, buying a new car is going to cost

532
00:23:37,480 --> 00:23:41,720
Speaker 1: you more money overall. Obviously, take your own circumstances into account. Right,

533
00:23:41,760 --> 00:23:43,880
Speaker 1: crunch the numbers, figure out what it is that you're paying,

534
00:23:43,920 --> 00:23:46,040
Speaker 1: look up energy costs, all of that. But don't think

535
00:23:46,040 --> 00:23:49,440
Speaker 1: that buying something new makes you a greener person, especially

536
00:23:49,520 --> 00:23:52,000
Speaker 1: EV's because there's no stink and expensive, and realize that

537
00:23:52,040 --> 00:23:53,600
Speaker 1: if you want to get an EV that's totally fine,

538
00:23:53,640 --> 00:23:56,120
Speaker 1: but realize you're doing that as a lifestyle move as

539
00:23:56,119 --> 00:23:57,880
Speaker 1: opposed to like, I'm doing this for the earth.

540
00:23:57,960 --> 00:24:00,360
Speaker 2: I don't even care if you're driving a one year

541
00:24:00,359 --> 00:24:02,560
Speaker 2: old truck that gets like eight miles to the gallon, Like,

542
00:24:02,600 --> 00:24:04,960
Speaker 2: it's still greener to keep that thing on the road

543
00:24:05,280 --> 00:24:07,399
Speaker 2: than to buy a new Prius in my ass, like,

544
00:24:07,480 --> 00:24:10,040
Speaker 2: because the longer it's like ripping out the floors in

545
00:24:10,680 --> 00:24:13,800
Speaker 2: your house to put in bamboo floors. Yes, bamboo is

546
00:24:13,840 --> 00:24:17,639
Speaker 2: incredibly sustainable, right, it grows really quickly, but keeping the

547
00:24:17,640 --> 00:24:21,040
Speaker 2: force you have is even greener. You're not using anything there.

548
00:24:20,960 --> 00:24:22,840
Speaker 1: Yeah, except for with a eight mile per gallon truck.

549
00:24:22,920 --> 00:24:26,000
Speaker 1: It's actually I picture it like spew and black smoke.

550
00:24:26,160 --> 00:24:28,960
Speaker 1: Hopefully it's not like awful for you. Sure, there's like

551
00:24:29,000 --> 00:24:31,240
Speaker 1: a certain point that you get to where the harm

552
00:24:31,600 --> 00:24:33,680
Speaker 1: caused outweighs the potential good. Yeah.

553
00:24:33,720 --> 00:24:35,720
Speaker 2: I think a lot of times though, it's a marketing tactic.

554
00:24:35,960 --> 00:24:36,160
Speaker 1: Yeah.

555
00:24:36,320 --> 00:24:39,000
Speaker 2: Yeah, And it's something that people are like think to themselves, Oh,

556
00:24:39,000 --> 00:24:40,600
Speaker 2: I'm gonna do the green thing, and it costs them

557
00:24:40,600 --> 00:24:42,240
Speaker 2: a lot of money to do the green thing that

558
00:24:42,359 --> 00:24:43,480
Speaker 2: might not actually be the green thing.

559
00:24:43,480 --> 00:24:45,720
Speaker 1: How ironic is it that the green thing also happens

560
00:24:45,760 --> 00:24:48,480
Speaker 1: to be incredibly expensive. Yeah, and it's more associated with

561
00:24:48,600 --> 00:24:52,200
Speaker 1: luxury than actually what's best for the environment. That's right. Okay.

562
00:24:52,200 --> 00:24:55,040
Speaker 2: The Atlantic recently had an article on the absurdity of

563
00:24:55,080 --> 00:24:57,640
Speaker 2: the primacy of the automobile in our country, and Matt,

564
00:24:57,680 --> 00:24:59,080
Speaker 2: for a second, I thought it was going to be

565
00:24:59,160 --> 00:25:01,800
Speaker 2: your byline on the article, because I know how you

566
00:25:01,840 --> 00:25:04,880
Speaker 2: feel about cars in general, and we've talked about it regularly.

567
00:25:04,560 --> 00:25:04,960
Speaker 1: On the show.

568
00:25:05,000 --> 00:25:08,119
Speaker 2: Well, I didn't agree with every take in that article,

569
00:25:08,200 --> 00:25:09,440
Speaker 2: but in a whole lot of ways.

570
00:25:09,440 --> 00:25:10,120
Speaker 1: It was spot on.

571
00:25:10,480 --> 00:25:12,600
Speaker 2: Car wrecks are actually the number one cause of death

572
00:25:12,680 --> 00:25:15,200
Speaker 2: for people under forty in this country. It's kind of

573
00:25:15,240 --> 00:25:18,800
Speaker 2: crazy to think about people get so nervous about My

574
00:25:18,880 --> 00:25:21,520
Speaker 2: kids getting nervous about shark attacks, and I tell them that,

575
00:25:21,600 --> 00:25:23,399
Speaker 2: like a vending machine is more likely to follow you

576
00:25:23,520 --> 00:25:25,280
Speaker 2: right than getting attacked by a shark. Well, actually the

577
00:25:25,280 --> 00:25:28,160
Speaker 2: most dangerous thing is driving anywhere in a car with them.

578
00:25:28,520 --> 00:25:31,200
Speaker 2: The cost of keeping a car centric society functioning isn't

579
00:25:31,240 --> 00:25:34,480
Speaker 2: cheap either, Like our society has been built around cars,

580
00:25:34,520 --> 00:25:37,800
Speaker 2: making it incredibly hard for people to take a different route,

581
00:25:37,840 --> 00:25:40,280
Speaker 2: make a different choice biking or walking where you want

582
00:25:40,280 --> 00:25:42,359
Speaker 2: to go, even if you want to, it's hard to

583
00:25:42,359 --> 00:25:45,159
Speaker 2: pull off. But it's updust to try, I think, and

584
00:25:45,200 --> 00:25:48,080
Speaker 2: to get involved locally to see more investments in non

585
00:25:48,119 --> 00:25:51,719
Speaker 2: car infrastructure. It's sad to me reading an article about

586
00:25:51,760 --> 00:25:56,280
Speaker 2: how cars dominate everything and how we've over the decades

587
00:25:56,320 --> 00:25:59,080
Speaker 2: made a series of bad choices. I guess when it

588
00:25:59,160 --> 00:26:01,760
Speaker 2: comes to how we think about urban design, how we

589
00:26:01,800 --> 00:26:04,960
Speaker 2: think about what's good for people, And the more we're

590
00:26:04,960 --> 00:26:07,280
Speaker 2: in our cars, the more traffic builds up, the more

591
00:26:07,320 --> 00:26:08,760
Speaker 2: we feel like we have to build extra lanes to

592
00:26:08,760 --> 00:26:11,919
Speaker 2: the freeway and guess what, the traffic comes. You build it,

593
00:26:11,920 --> 00:26:15,000
Speaker 2: it will come. And the less happy people are because

594
00:26:15,080 --> 00:26:18,520
Speaker 2: they're in their boxes driving around town all day, they're

595
00:26:18,560 --> 00:26:21,320
Speaker 2: more disassociated from their communities and from their bodies.

596
00:26:21,359 --> 00:26:23,879
Speaker 1: That's right, and of course, one of the solutions to

597
00:26:24,119 --> 00:26:28,200
Speaker 1: all of that heartache, headache, emotional distress harm causes the

598
00:26:28,280 --> 00:26:32,480
Speaker 1: environment biking, And if you don't have a bike, now

599
00:26:32,520 --> 00:26:34,119
Speaker 1: actually might be a great time to get one. And

600
00:26:34,119 --> 00:26:37,120
Speaker 1: that's because bike supply is actually up in large part

601
00:26:37,200 --> 00:26:40,040
Speaker 1: because demand is down, so there are so many bikes

602
00:26:40,040 --> 00:26:42,760
Speaker 1: that we're sold. In twenty twenty and because of that,

603
00:26:42,880 --> 00:26:46,479
Speaker 1: bike production skyrocketed, but it shouldn't be a huge surprise.

604
00:26:46,600 --> 00:26:49,240
Speaker 1: Demand has not kept up after that spike, which means

605
00:26:49,400 --> 00:26:51,880
Speaker 1: prices they're looking a whole lot better. So we would

606
00:26:52,280 --> 00:26:55,639
Speaker 1: recommend for folks to shop around. RII and Bikes Direct

607
00:26:55,640 --> 00:26:58,240
Speaker 1: are solid places to look, but also just look around

608
00:26:58,880 --> 00:27:01,920
Speaker 1: locally because the ability to find use is going to

609
00:27:02,359 --> 00:27:05,280
Speaker 1: net you the best deal. I guarantee that there are

610
00:27:05,880 --> 00:27:08,520
Speaker 1: dozens of folks nearby, like within five minutes of you,

611
00:27:08,640 --> 00:27:12,680
Speaker 1: probably who aren't riding their bikes much After a pandemic

612
00:27:12,760 --> 00:27:15,520
Speaker 1: riding spree. So get out there by the gently used

613
00:27:15,520 --> 00:27:17,240
Speaker 1: bike and save a ton of money. You don't Again,

614
00:27:17,440 --> 00:27:20,160
Speaker 1: going green doesn't necessarily have to involve you getting the

615
00:27:20,400 --> 00:27:23,800
Speaker 1: latest and greatest, lightest carbon front you know, like, there

616
00:27:23,800 --> 00:27:26,200
Speaker 1: are ways of doing this, saving a ton of money,

617
00:27:26,200 --> 00:27:28,080
Speaker 1: and doing it on the cheap and Facebook marketplace. We've

618
00:27:28,080 --> 00:27:28,520
Speaker 1: talked about that.

619
00:27:28,640 --> 00:27:30,600
Speaker 2: Yeah, watch out for the scams on Facebook marketplace, but

620
00:27:30,640 --> 00:27:34,480
Speaker 2: bikes are usually something you can find on Facebook Marketplace

621
00:27:34,480 --> 00:27:36,320
Speaker 2: and you can feel I think comfortable with a lot

622
00:27:36,359 --> 00:27:38,880
Speaker 2: of the search results there. It's at least we're checking.

623
00:27:38,960 --> 00:27:41,639
Speaker 2: Especially in those neighborhood yard sale groups. I bet there

624
00:27:41,640 --> 00:27:43,440
Speaker 2: are bikes out there for sale that are pretty solid,

625
00:27:43,480 --> 00:27:44,800
Speaker 2: gently used and you're going to get them for a

626
00:27:44,840 --> 00:27:46,960
Speaker 2: whole lot less than the price of a new one.

627
00:27:47,320 --> 00:27:50,280
Speaker 2: On the note of giving around town, Matt driving and traffic,

628
00:27:50,480 --> 00:27:52,760
Speaker 2: there was an article in Bloomberg about the need to

629
00:27:52,880 --> 00:27:56,800
Speaker 2: raise money for infrastructure needs. I'm just talking about how

630
00:27:56,880 --> 00:27:59,440
Speaker 2: expensive it is to build the infrastructure for cars to

631
00:27:59,440 --> 00:27:59,920
Speaker 2: get around on.

632
00:28:00,240 --> 00:28:00,480
Speaker 1: Well.

633
00:28:00,840 --> 00:28:04,520
Speaker 2: They pitched a solution in this article, and the solution

634
00:28:04,600 --> 00:28:05,359
Speaker 2: was kind of a simple one.

635
00:28:05,359 --> 00:28:06,080
Speaker 1: It was toll roads.

636
00:28:06,440 --> 00:28:08,359
Speaker 2: And while toll roads, I don't know I've always kind

637
00:28:08,359 --> 00:28:10,680
Speaker 2: of found them a little bit annoying. They're still I

638
00:28:10,720 --> 00:28:14,359
Speaker 2: think the best way actually to pay for increased infrastructure needs,

639
00:28:14,480 --> 00:28:16,800
Speaker 2: and that's because they're the fairest way to do so, right,

640
00:28:16,880 --> 00:28:19,560
Speaker 2: the people who drive on those roads end up paying

641
00:28:19,560 --> 00:28:21,159
Speaker 2: for them. The more you drive on those roads, the

642
00:28:21,160 --> 00:28:23,159
Speaker 2: more you're gonna pay. If you're the Monday through Friday,

643
00:28:23,200 --> 00:28:25,240
Speaker 2: guess what you're going to be hit with that toll

644
00:28:25,320 --> 00:28:27,959
Speaker 2: coming and going both ways. And if you only use

645
00:28:27,960 --> 00:28:29,440
Speaker 2: it two days, so you're going to pay less. And

646
00:28:29,440 --> 00:28:32,040
Speaker 2: if you commute on your bike, you avoid traffic and

647
00:28:32,119 --> 00:28:35,720
Speaker 2: tolls too, right. And so the biggest cities, according to

648
00:28:35,760 --> 00:28:37,840
Speaker 2: this article that are adopting toll roads are in the

649
00:28:37,840 --> 00:28:41,400
Speaker 2: sun Belt region. I know Florida, Orlando in particular, famous

650
00:28:41,440 --> 00:28:44,040
Speaker 2: for tolls, and they're taking this route so that they

651
00:28:44,080 --> 00:28:46,600
Speaker 2: can increase capacity. Something else we've done here in this

652
00:28:46,600 --> 00:28:49,120
Speaker 2: state map, so called Lexus lanes, Right, they're kind of

653
00:28:49,120 --> 00:28:51,400
Speaker 2: part of the solution. So basically, if you don't want

654
00:28:51,400 --> 00:28:53,760
Speaker 2: to sit in traffic, there's a special lane for you,

655
00:28:53,920 --> 00:28:56,840
Speaker 2: but you got to pay even more. Right, so depending

656
00:28:56,840 --> 00:29:00,200
Speaker 2: on how the Peach pass Peach Pass planes. Yeah, yeah,

657
00:29:00,200 --> 00:29:01,880
Speaker 2: but I think they call them the Lexus lanes because

658
00:29:02,000 --> 00:29:04,720
Speaker 2: it's for like fancy folks who got brainded. Because sometimes

659
00:29:04,720 --> 00:29:07,760
Speaker 2: you sponsored, it's not actually sponsored. They're basically saying you

660
00:29:07,760 --> 00:29:10,280
Speaker 2: got to you gotta have luxury money to hop in

661
00:29:10,280 --> 00:29:12,920
Speaker 2: those things. But I will say, man, I think for me,

662
00:29:13,200 --> 00:29:15,880
Speaker 2: most of the time, I rarely. It's usually on a

663
00:29:16,000 --> 00:29:18,080
Speaker 2: vacation or a trip or something coming back in town

664
00:29:18,320 --> 00:29:20,680
Speaker 2: and the traffic slammed, and I will hop in that lane,

665
00:29:20,720 --> 00:29:23,280
Speaker 2: even if it's like eight bucks to save thirty minutes. Sorry,

666
00:29:23,360 --> 00:29:24,920
Speaker 2: I'm doing it because my time is worth more than

667
00:29:24,960 --> 00:29:26,600
Speaker 2: that is. Sometimes you just want to get back, and

668
00:29:26,680 --> 00:29:29,520
Speaker 2: you just want to get back. So I think more

669
00:29:29,560 --> 00:29:31,200
Speaker 2: of those options, like that's going to be a better

670
00:29:31,240 --> 00:29:32,840
Speaker 2: way to pay for some of the infrastructure needs that

671
00:29:32,880 --> 00:29:33,080
Speaker 2: we have.

672
00:29:33,160 --> 00:29:35,680
Speaker 1: That's right, man, all right. Speaking of travel, well, it

673
00:29:35,680 --> 00:29:38,280
Speaker 1: turns out that flying is actually cheaper this year. Last

674
00:29:38,320 --> 00:29:41,160
Speaker 1: year it was pretty expensive because that was the year

675
00:29:41,200 --> 00:29:44,120
Speaker 1: of revenge travel. That's what all the journalists were calling it.

676
00:29:44,440 --> 00:29:47,200
Speaker 2: That's an interesting attack, Like travel never did anything to

677
00:29:47,240 --> 00:29:49,080
Speaker 2: you. You don't need to get revenge travel, but I know

678
00:29:49,120 --> 00:29:50,000
Speaker 2: you couldn't for a while.

679
00:29:50,000 --> 00:29:52,360
Speaker 1: But still so twenty twenty four fares to Europe are

680
00:29:52,440 --> 00:29:56,160
Speaker 1: down eight percent year over year, and the average price

681
00:29:56,240 --> 00:29:58,440
Speaker 1: of all flights that are originating in the US have

682
00:29:58,520 --> 00:30:02,760
Speaker 1: fallen by five point This is all awesome news for

683
00:30:02,840 --> 00:30:05,800
Speaker 1: all the different travel addicts out there, something that might

684
00:30:05,840 --> 00:30:08,600
Speaker 1: cause them to fall even more. Get this. Southwest is

685
00:30:08,680 --> 00:30:12,400
Speaker 1: now playing mice with Google Flights. It's about time. At

686
00:30:12,400 --> 00:30:15,040
Speaker 1: the end of last week, Southwest they finally decided to

687
00:30:15,360 --> 00:30:19,160
Speaker 1: list its fares on the number one air fare search tool.

688
00:30:19,280 --> 00:30:21,280
Speaker 1: You should have seen the smile on my face when

689
00:30:21,280 --> 00:30:25,040
Speaker 1: I saw that, Mad It's like just streamlining. I love it.

690
00:30:25,360 --> 00:30:27,120
Speaker 1: And this is going to make shopping for the best

691
00:30:27,120 --> 00:30:29,120
Speaker 1: flights out there at the best prices is going to

692
00:30:29,200 --> 00:30:31,920
Speaker 1: make it even easier than before, because if you specifically,

693
00:30:31,960 --> 00:30:34,280
Speaker 1: if you live in a Southwest city, they typically offer

694
00:30:34,280 --> 00:30:38,280
Speaker 1: pretty competitive rates, pretty competitive fairs. But previously the results

695
00:30:38,400 --> 00:30:41,800
Speaker 1: they wouldn't show up their own Google flights, and Southwest

696
00:30:41,840 --> 00:30:44,240
Speaker 1: famously refused to participate. Yeah, and so because of that,

697
00:30:44,280 --> 00:30:45,920
Speaker 1: I think a lot of folks they would just forget

698
00:30:45,960 --> 00:30:49,600
Speaker 1: about Southwest completely and personally, like, dude, I think this

699
00:30:49,640 --> 00:30:52,520
Speaker 1: is going to give Southwest a ton more visibility. Folks

700
00:30:52,560 --> 00:30:54,560
Speaker 1: are gonna be like, oh yeah, I forgot about Southwest.

701
00:30:55,120 --> 00:30:57,320
Speaker 1: I think it's going to add another great competitor to

702
00:30:57,400 --> 00:31:00,360
Speaker 1: the mix as folks are out there shopping, So now

703
00:31:00,360 --> 00:31:02,800
Speaker 1: you don't have to hop between Google fights and have

704
00:31:02,880 --> 00:31:05,160
Speaker 1: a separate tab open to to see what the Southwest

705
00:31:05,200 --> 00:31:06,400
Speaker 1: fairs are going to be. I think it's going to

706
00:31:06,400 --> 00:31:07,640
Speaker 1: be great. I know, I agree.

707
00:31:07,960 --> 00:31:12,280
Speaker 2: I think that's wonderful and glad to see Southwest participating

708
00:31:12,280 --> 00:31:13,600
Speaker 2: more fully in that. I hope it leads to a

709
00:31:13,640 --> 00:31:16,240
Speaker 2: lot more bookings for them, and I hope at leads

710
00:31:16,280 --> 00:31:18,680
Speaker 2: to lower prices serving the more. I mean, you think

711
00:31:18,720 --> 00:31:21,239
Speaker 2: about that. It's nice to have competition, but if not

712
00:31:21,280 --> 00:31:23,280
Speaker 2: all that competition is showing up and the number one

713
00:31:23,320 --> 00:31:26,520
Speaker 2: search tool, well then you don't really have as much

714
00:31:26,560 --> 00:31:28,880
Speaker 2: competition as it looks like exactly. And now the Southwest

715
00:31:28,920 --> 00:31:30,920
Speaker 2: is participating, it's going to cause I don't know, I

716
00:31:30,960 --> 00:31:32,520
Speaker 2: think probably it's like a little shot across the bow

717
00:31:32,600 --> 00:31:34,240
Speaker 2: for a lot of the other major airlines.

718
00:31:33,840 --> 00:31:36,120
Speaker 1: Too, totally. Hey, did you see, by the way, folks

719
00:31:36,120 --> 00:31:39,040
Speaker 1: talking about so as we're you mentioned revenge travel? How

720
00:31:39,080 --> 00:31:41,680
Speaker 1: about quiet vacationing? Have you seen folks talking about that?

721
00:31:41,720 --> 00:31:44,240
Speaker 2: I saw that we've invented so many silly terms over

722
00:31:44,240 --> 00:31:47,000
Speaker 2: the past few years. What was it quiet quitting? I

723
00:31:47,040 --> 00:31:49,120
Speaker 2: guess was yeah, I putting was huge a couple of

724
00:31:49,160 --> 00:31:49,600
Speaker 2: years ago.

725
00:31:49,960 --> 00:31:52,280
Speaker 1: Now. The thing, so for folks who don't know quiet

726
00:31:52,360 --> 00:31:55,440
Speaker 1: vacationing is basically it's going on vacation, not telling your

727
00:31:55,440 --> 00:31:57,520
Speaker 1: boss about it, but still getting like a little bit

728
00:31:57,560 --> 00:31:59,400
Speaker 1: of work done, so you're still kind of being quote

729
00:31:59,440 --> 00:32:04,040
Speaker 1: unquote product of but simultaneously you are not fully engaged

730
00:32:04,400 --> 00:32:06,760
Speaker 1: in your actual vacation. I feel like I'm a I

731
00:32:06,840 --> 00:32:08,840
Speaker 1: take kind of an extreme stance on this, but I

732
00:32:08,880 --> 00:32:11,360
Speaker 1: hate it because like, if you're going to take a vacation,

733
00:32:11,480 --> 00:32:15,160
Speaker 1: actually take a vacation and willing to the story for

734
00:32:15,200 --> 00:32:17,800
Speaker 1: this one too. But folks were talking about how the

735
00:32:17,840 --> 00:32:20,480
Speaker 1: culture of the company needs to change, like and I

736
00:32:20,560 --> 00:32:23,240
Speaker 1: get that right, because there can be pressure from a

737
00:32:23,280 --> 00:32:27,160
Speaker 1: boss to like, hey, you've got unlimited PTO. But then

738
00:32:27,200 --> 00:32:29,640
Speaker 1: what is the actual culture around whether or not folks

739
00:32:29,720 --> 00:32:32,440
Speaker 1: feel the freedom to actually take those days off just

740
00:32:32,480 --> 00:32:34,920
Speaker 1: because it says that, But there can be like cultural

741
00:32:35,000 --> 00:32:38,320
Speaker 1: pressure and spoken rules. But that being said, I think like, yes,

742
00:32:38,840 --> 00:32:41,480
Speaker 1: there probably is likely some work that needs to be

743
00:32:41,520 --> 00:32:43,200
Speaker 1: done on a company side of thing, but I think

744
00:32:43,240 --> 00:32:46,120
Speaker 1: there is so much internal and personal work that needs

745
00:32:46,200 --> 00:32:48,640
Speaker 1: to take place for us as individuals to feel the

746
00:32:48,680 --> 00:32:51,240
Speaker 1: freedom to take the time off as well. I think

747
00:32:51,440 --> 00:32:53,880
Speaker 1: a lot of us because it's natural to want to

748
00:32:54,160 --> 00:32:55,800
Speaker 1: be a part of a team like that sounds like

749
00:32:55,800 --> 00:32:57,920
Speaker 1: a healthy work environment right where you're like helping each

750
00:32:57,960 --> 00:33:01,720
Speaker 1: other out and it's rah rah, everyone's doing a good job,

751
00:33:02,120 --> 00:33:05,400
Speaker 1: the company is succeeding. But simultaneously, I think there can

752
00:33:05,440 --> 00:33:07,680
Speaker 1: be it can be a slippery slope to find too

753
00:33:07,800 --> 00:33:11,200
Speaker 1: much of your identity tied up into your work, and

754
00:33:11,520 --> 00:33:14,560
Speaker 1: I think that's generally speaking unhealthy. And I think folks

755
00:33:14,640 --> 00:33:17,640
Speaker 1: aren't gonna push to take that time off if they

756
00:33:17,640 --> 00:33:20,280
Speaker 1: don't have an identity outside of their work. And so

757
00:33:20,280 --> 00:33:21,760
Speaker 1: so much of that I think comes down to us

758
00:33:21,800 --> 00:33:24,560
Speaker 1: as individuals doing the things that we often talk about

759
00:33:24,600 --> 00:33:26,720
Speaker 1: here on the show, like hanging out with your neighbors,

760
00:33:26,720 --> 00:33:28,960
Speaker 1: going out and doing other things outside of your work

761
00:33:29,280 --> 00:33:32,200
Speaker 1: to fully flesh out who you are as an individual.

762
00:33:32,560 --> 00:33:35,120
Speaker 1: Take your time kind of existential and philosophical with it.

763
00:33:35,160 --> 00:33:38,040
Speaker 2: Well, take your time off unashamedly too, right Like I don't.

764
00:33:38,240 --> 00:33:40,360
Speaker 2: There's nothing wrong with that, And all the study show

765
00:33:40,360 --> 00:33:42,000
Speaker 2: if your boss GI's your hard time. Hey, guess what

766
00:33:42,000 --> 00:33:43,840
Speaker 2: I'm going to be better when I come back from work.

767
00:33:44,320 --> 00:33:46,200
Speaker 2: And I think the other thing too, Matt. This trend,

768
00:33:46,600 --> 00:33:49,160
Speaker 2: what it's likely to do is accelerate return to office

769
00:33:49,840 --> 00:33:51,880
Speaker 2: from a lot of employers. They're going to say, hey, listen,

770
00:33:52,120 --> 00:33:54,239
Speaker 2: we've seen this trend going around. We've noticed a lack

771
00:33:54,280 --> 00:33:57,160
Speaker 2: of productivity from some of you. Maybe you're quiet vacationing,

772
00:33:57,440 --> 00:34:00,480
Speaker 2: and it's just gonna instead of having the best in

773
00:34:00,520 --> 00:34:02,520
Speaker 2: both worlds, being able to do hybrid being in the

774
00:34:02,560 --> 00:34:04,560
Speaker 2: office one or two days a week and work from

775
00:34:04,560 --> 00:34:07,240
Speaker 2: home the rest, if people are like taking advantage of

776
00:34:07,240 --> 00:34:09,600
Speaker 2: that situation, we're just going to see more people returning

777
00:34:09,600 --> 00:34:11,640
Speaker 2: to the office and a lot of that hybrid stuff

778
00:34:11,800 --> 00:34:14,200
Speaker 2: squashed like a bug. Which sucks because I do think

779
00:34:14,239 --> 00:34:15,920
Speaker 2: hybrid is a great way for it and it's going

780
00:34:16,000 --> 00:34:19,280
Speaker 2: to work for a lot of employers and employees. But yeah,

781
00:34:19,320 --> 00:34:22,279
Speaker 2: if quiet vacation continues to take off, I don't know, it.

782
00:34:22,320 --> 00:34:25,279
Speaker 1: Might not, that might not last. I just can't get

783
00:34:25,280 --> 00:34:28,120
Speaker 1: past the fact that it's just a reduced quality of

784
00:34:28,200 --> 00:34:29,799
Speaker 1: vacation as well, because like you, you know, like we

785
00:34:29,800 --> 00:34:32,200
Speaker 1: always see folks on their phones, like getting back to messages,

786
00:34:32,280 --> 00:34:34,880
Speaker 1: and I understand that there are certain industries where that

787
00:34:35,000 --> 00:34:37,480
Speaker 1: is more of a requirement. So much of that I

788
00:34:37,480 --> 00:34:39,520
Speaker 1: think is self imposed. We do it to ourselves.

789
00:34:39,520 --> 00:34:41,600
Speaker 2: The only exception to that is if you're able to

790
00:34:41,600 --> 00:34:44,120
Speaker 2: take more vacation because you're a little bit connected when

791
00:34:44,120 --> 00:34:46,240
Speaker 2: you're gone, right, So if you're like ah.

792
00:34:45,880 --> 00:34:50,000
Speaker 1: I especially though I think more is not better, I

793
00:34:50,040 --> 00:34:52,800
Speaker 1: think offication yeah, because I think for a lot of folks,

794
00:34:52,800 --> 00:34:55,200
Speaker 1: it's less about the quantity of it, and I think

795
00:34:55,239 --> 00:34:57,000
Speaker 1: a lot of times it's the quality because I think

796
00:34:57,239 --> 00:34:59,239
Speaker 1: a lot of times, yeah, I think the folks who

797
00:34:59,239 --> 00:35:02,560
Speaker 1: are quote unquote quiet vacationing, Yeah, they do have more

798
00:35:02,640 --> 00:35:06,200
Speaker 1: vacation because they're able to, you know, send a few messages,

799
00:35:06,480 --> 00:35:08,040
Speaker 1: do business on the side, not on the side. It

800
00:35:08,080 --> 00:35:10,960
Speaker 1: makes it sound like super shady, but there's something about

801
00:35:11,000 --> 00:35:14,320
Speaker 1: that that feels counter to what feels like a healthy

802
00:35:14,360 --> 00:35:16,919
Speaker 1: detachment from work where you're able and like we've talked

803
00:35:16,960 --> 00:35:18,799
Speaker 1: about the research that points to that where it takes

804
00:35:18,800 --> 00:35:21,840
Speaker 1: like two weeks to fully like disengage and to actually

805
00:35:21,920 --> 00:35:25,120
Speaker 1: find that pace and the rhythm that's associated with taking

806
00:35:25,120 --> 00:35:25,759
Speaker 1: some time off work.

807
00:35:25,840 --> 00:35:28,440
Speaker 2: Yeah, And I think so as we forget how we

808
00:35:28,560 --> 00:35:30,440
Speaker 2: turned into a big ball of energy that needs to

809
00:35:31,200 --> 00:35:33,319
Speaker 2: spread its wings a little bit. Yeah, and detaching from

810
00:35:33,320 --> 00:35:34,920
Speaker 2: work for a healthy period of time we'll help us

811
00:35:34,960 --> 00:35:36,279
Speaker 2: do that make it feel more human.

812
00:35:36,320 --> 00:35:37,680
Speaker 1: I get it though. I mean, if you can send

813
00:35:37,680 --> 00:35:39,279
Speaker 1: like one message while you're sitting on the beach over

814
00:35:39,360 --> 00:35:40,759
Speaker 1: the course of a day, and that's all it took

815
00:35:40,760 --> 00:35:42,239
Speaker 1: for you to be able to take that time off,

816
00:35:42,280 --> 00:35:43,839
Speaker 1: it's hard to argue against that as well.

817
00:35:44,520 --> 00:35:46,880
Speaker 2: So yep, you're right, all right, that's gonna do it

818
00:35:46,880 --> 00:35:49,520
Speaker 2: for this episode. I hope everyone has a great weekend.

819
00:35:49,719 --> 00:35:51,480
Speaker 2: You can find show notes with links to some of

820
00:35:51,480 --> 00:35:53,920
Speaker 2: the articles we mentioned on today's podcast up on our

821
00:35:53,920 --> 00:35:55,520
Speaker 2: website at how to money dot com.

822
00:35:55,520 --> 00:35:56,360
Speaker 1: And you can always sign.

823
00:35:56,280 --> 00:35:58,399
Speaker 2: Up for the how to Money newslter, which is great.

824
00:35:58,400 --> 00:36:00,520
Speaker 2: You should do it at how to money dot com Newsletter.

825
00:36:00,640 --> 00:36:03,400
Speaker 1: You know what, We hope everyone has a fantastic weekend,

826
00:36:03,440 --> 00:36:05,440
Speaker 1: and we'll see back here on Monday with a fresh

827
00:36:05,560 --> 00:36:08,479
Speaker 1: ask how to Money episode. So buddy, until next time,

828
00:36:08,640 --> 00:36:11,000
Speaker 1: best friends are Out, Best Friends Out.