1 00:00:00,080 --> 00:00:02,599 Speaker 1: Welcome to How the Money. I'm Joel and I'm Matt. 2 00:00:02,880 --> 00:00:06,680 Speaker 1: Today we're discussing civic duty, car prices rising, and student 3 00:00:06,760 --> 00:00:28,319 Speaker 1: loan relief. That's right, Joel. This is our Friday Flight 4 00:00:28,400 --> 00:00:31,760 Speaker 1: episode where every Friday we talk about some headlines that 5 00:00:31,800 --> 00:00:34,920 Speaker 1: caught our eye. We talk about how those news stories 6 00:00:34,960 --> 00:00:37,680 Speaker 1: affect our personal finances. But first, man, we wanted to 7 00:00:37,720 --> 00:00:40,520 Speaker 1: talk about another podcast. You and I are both fans 8 00:00:40,560 --> 00:00:42,280 Speaker 1: of you and I we both listened to How I 9 00:00:42,320 --> 00:00:46,519 Speaker 1: Built This, which is another how podcast. Maybe it's only 10 00:00:46,600 --> 00:00:49,479 Speaker 1: natural that were fans of it, but uh yeah, it's 11 00:00:49,479 --> 00:00:53,000 Speaker 1: a great podcast about entrepreneurship posted by Guy Roz and 12 00:00:53,080 --> 00:00:56,040 Speaker 1: recently they had the founder of rad Power Bikes on there. 13 00:00:56,200 --> 00:00:58,080 Speaker 1: That's the one that stood out to us specifically because 14 00:00:58,120 --> 00:01:02,680 Speaker 1: you have owned a bike five rat Power Bikes baby, 15 00:01:02,760 --> 00:01:04,560 Speaker 1: and uh and you're waiting on your new one. The 16 00:01:04,600 --> 00:01:06,880 Speaker 1: fourth edition Rad Wagons should be coming at the end 17 00:01:06,880 --> 00:01:08,680 Speaker 1: of the month, is it. I'm very excited. Yeah, well, 18 00:01:08,680 --> 00:01:10,240 Speaker 1: I hope it shows up one time. With all these 19 00:01:10,240 --> 00:01:12,480 Speaker 1: delays that we've seen in production. I can't wait to 20 00:01:12,480 --> 00:01:13,840 Speaker 1: throw mine, now one year old, on the back and 21 00:01:13,880 --> 00:01:17,679 Speaker 1: starts spinning around town again. I miss having one freaking fun. Yeah, 22 00:01:17,800 --> 00:01:20,399 Speaker 1: did you like that episode? I love the episode? First off? Yeah, 23 00:01:20,440 --> 00:01:22,800 Speaker 1: How I Built This is basically a classic podcast at 24 00:01:22,800 --> 00:01:25,240 Speaker 1: this point. But yeah, I don't listen every episode, but 25 00:01:25,280 --> 00:01:27,440 Speaker 1: the ones that catched my I'd love to listen to. 26 00:01:27,959 --> 00:01:31,759 Speaker 1: And I yeah, I just appreciated hearing how that company 27 00:01:31,880 --> 00:01:34,640 Speaker 1: was built, in particular because I have an affinity for 28 00:01:34,680 --> 00:01:37,120 Speaker 1: their bikes and so, yeah, it was a great episode. 29 00:01:37,160 --> 00:01:38,680 Speaker 1: We'll put a link to it in the show notes. 30 00:01:38,720 --> 00:01:41,640 Speaker 1: But if anybody is interested in hearing how it just 31 00:01:41,680 --> 00:01:44,880 Speaker 1: like basically the biggest director consumer ebike company, How it 32 00:01:44,959 --> 00:01:47,480 Speaker 1: was built, check out that episode for sure. Yeah. And 33 00:01:47,520 --> 00:01:49,240 Speaker 1: for me, man, Okay, there are two things about that 34 00:01:49,280 --> 00:01:51,080 Speaker 1: episode that stood out to me. One was that the 35 00:01:51,080 --> 00:01:55,560 Speaker 1: founder's name was Mike Rattenbaugh. His name is is where 36 00:01:55,600 --> 00:01:57,280 Speaker 1: the company came from. I didn't know that. I didn't 37 00:01:57,280 --> 00:01:59,160 Speaker 1: know that either. I thought it was just like Rad Bikes, 38 00:01:59,240 --> 00:02:02,480 Speaker 1: like like because they're Yeah. I thought it was like 39 00:02:02,520 --> 00:02:04,640 Speaker 1: a surfer dude or something, and decided to name it 40 00:02:04,760 --> 00:02:07,560 Speaker 1: Rad Power Bikes. No, but it's because the first three 41 00:02:07,640 --> 00:02:10,079 Speaker 1: letters of his last name is Rat. It's a rat 42 00:02:10,120 --> 00:02:12,360 Speaker 1: and by he shortened it to Rat Power Bikes. Back 43 00:02:12,400 --> 00:02:14,160 Speaker 1: when he was even in high school, when he first 44 00:02:14,160 --> 00:02:17,160 Speaker 1: started converting mountain bikes to to eat bikes. I thought 45 00:02:17,280 --> 00:02:19,520 Speaker 1: that was super cool. And then another thing, man, Like, 46 00:02:19,560 --> 00:02:22,440 Speaker 1: the reason that we are so drawn to electric bikes 47 00:02:22,560 --> 00:02:25,440 Speaker 1: is because when it comes to us being less reliant 48 00:02:25,440 --> 00:02:28,880 Speaker 1: on automobiles on vehicles, we've talked about how electric bikes 49 00:02:28,960 --> 00:02:31,360 Speaker 1: are the answer because with electric bikes, you can get 50 00:02:31,400 --> 00:02:33,800 Speaker 1: where you need to go way faster, and you can 51 00:02:33,840 --> 00:02:36,280 Speaker 1: get there without completely sweating through your clothes. And so 52 00:02:36,360 --> 00:02:38,560 Speaker 1: I think a lot of times for a lot of individuals, 53 00:02:38,600 --> 00:02:41,359 Speaker 1: that's part of the concern, like, that's the problem. They're like, well, 54 00:02:41,480 --> 00:02:42,640 Speaker 1: how am I going to get to where I need 55 00:02:42,639 --> 00:02:45,800 Speaker 1: to go? Well, e bikes, man Like, that is the answer. 56 00:02:45,880 --> 00:02:47,959 Speaker 1: They're more accessible for a lot of people. And then 57 00:02:48,400 --> 00:02:50,440 Speaker 1: rad in particular has brought down the price to such 58 00:02:50,480 --> 00:02:53,040 Speaker 1: a level that they're more accessible price wise for so 59 00:02:53,080 --> 00:02:55,040 Speaker 1: many folks. Um And one of the things they mentioned 60 00:02:55,040 --> 00:02:58,239 Speaker 1: in the episode is that electric bikes for people who 61 00:02:58,240 --> 00:03:00,320 Speaker 1: have metalal or health problems, it allows some of the 62 00:03:00,320 --> 00:03:03,840 Speaker 1: ability to exercise, whereas a traditional bike is is is 63 00:03:04,320 --> 00:03:06,000 Speaker 1: a lot more work, and so a lot of people 64 00:03:06,040 --> 00:03:08,440 Speaker 1: just aren't going to be able to enjoy riding a 65 00:03:08,440 --> 00:03:11,280 Speaker 1: bike unless it's any bike. So yeah, I think rad 66 00:03:11,320 --> 00:03:14,360 Speaker 1: power bikes is great for so many reasons. And you really, 67 00:03:14,400 --> 00:03:16,840 Speaker 1: any anything that gets people on two wheels I'm a 68 00:03:16,880 --> 00:03:19,440 Speaker 1: fan of So yeah, that was a fun episode to 69 00:03:19,560 --> 00:03:22,320 Speaker 1: see hit my podcatcher the other day. Yeah. And so, 70 00:03:22,320 --> 00:03:27,600 Speaker 1: speaking of e bikes and alternatives to traditional transportation, let's 71 00:03:27,600 --> 00:03:29,920 Speaker 1: talk about our stories, and one of them is the 72 00:03:29,960 --> 00:03:33,600 Speaker 1: fact that use car prices are up. Man. Uh, if 73 00:03:33,639 --> 00:03:35,760 Speaker 1: you have a spare car sitting around, you will likely 74 00:03:35,800 --> 00:03:38,160 Speaker 1: be able to get more money for it now than 75 00:03:38,200 --> 00:03:40,560 Speaker 1: you could have six months ago. So if you listen 76 00:03:40,600 --> 00:03:42,680 Speaker 1: to our recent you know, episode called no Car, No 77 00:03:42,760 --> 00:03:45,320 Speaker 1: Problem that was episode two forty two, you know that 78 00:03:45,360 --> 00:03:48,000 Speaker 1: there are all sorts of ways to get around that 79 00:03:48,080 --> 00:03:51,400 Speaker 1: might be able to save you money. E bikes included exactly, man, 80 00:03:51,480 --> 00:03:54,440 Speaker 1: And and so, with use car prices skyrocketing now, it 81 00:03:54,440 --> 00:03:58,000 Speaker 1: could be the perfect time to downsize your automobile fleet 82 00:03:58,320 --> 00:04:00,360 Speaker 1: and put some of that cash in your bank account. Yeah, 83 00:04:00,440 --> 00:04:03,520 Speaker 1: normally used cars to appreciate it's like almost like the 84 00:04:04,000 --> 00:04:06,560 Speaker 1: a law like gravity that they used cars do not 85 00:04:06,880 --> 00:04:09,840 Speaker 1: go open price until they hit like forty years old. 86 00:04:09,880 --> 00:04:12,200 Speaker 1: And then I guess they start to appreciate. Yeah, then 87 00:04:12,200 --> 00:04:14,840 Speaker 1: their classics, but for the most part, use cars depreciate. 88 00:04:14,880 --> 00:04:17,800 Speaker 1: It's a law of nature. But we're in an odd 89 00:04:17,800 --> 00:04:20,840 Speaker 1: cycle right now because of the pandemic and because there 90 00:04:20,880 --> 00:04:23,839 Speaker 1: was a two month production shutdown of new vehicles basically 91 00:04:23,920 --> 00:04:26,960 Speaker 1: by all the major manufacturers, and it's led to all 92 00:04:27,040 --> 00:04:30,560 Speaker 1: car prices heading upwards for the time being. So, yeah, 93 00:04:30,600 --> 00:04:33,200 Speaker 1: take advantage of maybe some of the topsy turvy effects 94 00:04:33,200 --> 00:04:36,800 Speaker 1: that COVID is created by ditching your car. Maybe if 95 00:04:36,800 --> 00:04:38,600 Speaker 1: it's a car you rarely use, or you're working from 96 00:04:38,600 --> 00:04:39,680 Speaker 1: home and you're like, I don't know if I'm ever 97 00:04:39,960 --> 00:04:42,279 Speaker 1: going to drive it again and get more money for 98 00:04:42,320 --> 00:04:44,720 Speaker 1: it than you typically would be able to. We're all 99 00:04:44,720 --> 00:04:47,520 Speaker 1: about ditching that extra vehicle in order to save more money, 100 00:04:47,560 --> 00:04:49,720 Speaker 1: and now is a great time to make that happen. Yeah, 101 00:04:49,760 --> 00:04:52,080 Speaker 1: and let's hold ourselves accountable a little bit. Joel, I'm 102 00:04:52,080 --> 00:04:54,640 Speaker 1: pushing really hard you guys. You guys are still rocking 103 00:04:54,640 --> 00:04:57,440 Speaker 1: the two cars and love electric vehicles. I love electric bikes. 104 00:04:57,480 --> 00:04:59,159 Speaker 1: I'm holding ont of the leaf, but I really need 105 00:04:59,200 --> 00:05:01,159 Speaker 1: to sell it. I'm just saying I'm kind of putting 106 00:05:01,160 --> 00:05:02,880 Speaker 1: that out there because I feel like you like you guys, 107 00:05:03,120 --> 00:05:05,240 Speaker 1: especially once that e bike shows up, I feel like 108 00:05:05,279 --> 00:05:08,080 Speaker 1: you guys are perfect candidates, uh to to maybe dropping 109 00:05:08,120 --> 00:05:10,279 Speaker 1: one of those vehicles. We've been a one car family 110 00:05:10,360 --> 00:05:12,640 Speaker 1: for I mean over a decade now, but like there's 111 00:05:12,680 --> 00:05:15,039 Speaker 1: times even when I consider us selling our one van 112 00:05:15,960 --> 00:05:18,960 Speaker 1: because I think it's it's a Honda, right, and so 113 00:05:19,320 --> 00:05:21,800 Speaker 1: like Hondas are really expensive, the mini vans they make 114 00:05:21,800 --> 00:05:23,520 Speaker 1: are nice, and sometimes I feel like it's a little 115 00:05:23,560 --> 00:05:25,599 Speaker 1: too nice. And I look out in our driveway and 116 00:05:25,600 --> 00:05:28,279 Speaker 1: I just see dollar signs, right, I see an underutilized 117 00:05:28,360 --> 00:05:30,280 Speaker 1: vehicle that sits there because we don't use it all 118 00:05:30,320 --> 00:05:33,159 Speaker 1: that often for a family six. So from our perspective, man, 119 00:05:33,160 --> 00:05:35,159 Speaker 1: I feel like it's a way that we're just being inefficient. 120 00:05:35,279 --> 00:05:37,400 Speaker 1: I don't like seeing that inefficiency. But then on the 121 00:05:37,400 --> 00:05:39,040 Speaker 1: other side of the argument, you know, it is really 122 00:05:39,120 --> 00:05:41,120 Speaker 1: nice to have a vehicle that we can count on 123 00:05:41,160 --> 00:05:42,560 Speaker 1: when it you know, when it does come time for 124 00:05:42,640 --> 00:05:44,600 Speaker 1: us to take a trip to go see family or 125 00:05:44,640 --> 00:05:46,280 Speaker 1: to go on a vacation. I guess you could run 126 00:05:46,279 --> 00:05:47,680 Speaker 1: a car every time, but that sounds like it could 127 00:05:47,680 --> 00:05:49,760 Speaker 1: be a big pain, and I think you use it 128 00:05:49,920 --> 00:05:51,680 Speaker 1: enough it's not like use it once a month. I mean, 129 00:05:51,680 --> 00:05:53,279 Speaker 1: you use it more than that, so, but I don't 130 00:05:53,360 --> 00:05:55,200 Speaker 1: feel like lately sometimes I feel like we're only using 131 00:05:55,200 --> 00:05:57,240 Speaker 1: it once a week. And if that's often the case, 132 00:05:57,279 --> 00:05:58,599 Speaker 1: I feel like it would be easy for Kate and 133 00:05:58,640 --> 00:06:00,800 Speaker 1: I too, if it's one us going out, for us 134 00:06:00,800 --> 00:06:02,719 Speaker 1: just to call an uber haleo halo lift, you know, 135 00:06:03,279 --> 00:06:05,039 Speaker 1: or like you said, when we are going out of town, 136 00:06:05,080 --> 00:06:07,320 Speaker 1: just just to rent a van. The more I think 137 00:06:07,360 --> 00:06:09,320 Speaker 1: about it, the more I like start to talk myself 138 00:06:09,400 --> 00:06:14,160 Speaker 1: into reducing expenses because sometimes on borderline cheap. All right, 139 00:06:14,400 --> 00:06:17,279 Speaker 1: So I'll make you this promise. If you sell your van, 140 00:06:17,440 --> 00:06:19,839 Speaker 1: I will sell my You'll you'll definitely say we'll do 141 00:06:19,880 --> 00:06:22,599 Speaker 1: it together. It's like jumping into the cold pool at 142 00:06:22,640 --> 00:06:24,920 Speaker 1: the same time as long as we're holding hands, right, 143 00:06:25,400 --> 00:06:27,400 Speaker 1: So we'll give it a shot. Man, We'll both wade 144 00:06:27,400 --> 00:06:30,360 Speaker 1: into those one fewer car waters together. Sometimes it helps 145 00:06:30,360 --> 00:06:33,040 Speaker 1: if you have a buddy exactly. All right, let's move on. 146 00:06:33,080 --> 00:06:36,360 Speaker 1: While this is not a headline we read this this week, Matt, 147 00:06:36,440 --> 00:06:38,320 Speaker 1: but this was an email that a listener sent in. 148 00:06:38,680 --> 00:06:41,080 Speaker 1: Listener Andrew wanted to tell us about a promotion and 149 00:06:41,160 --> 00:06:44,240 Speaker 1: that American Expresses running on its Blue Cash Preferred card, 150 00:06:44,279 --> 00:06:46,200 Speaker 1: which is one of your all time favorite credit cars. 151 00:06:46,240 --> 00:06:48,560 Speaker 1: Love that card, dude. Yeah, and it is great, especially 152 00:06:48,600 --> 00:06:50,640 Speaker 1: for people who do spend a lot at the grocery store. 153 00:06:50,640 --> 00:06:53,280 Speaker 1: You get the six percent cash back at the grocery store. Well, 154 00:06:53,320 --> 00:06:55,719 Speaker 1: this offer right now is called Chops Small, and any 155 00:06:55,760 --> 00:06:58,120 Speaker 1: time you spend more than ten dollars at a qualifying 156 00:06:58,120 --> 00:07:00,520 Speaker 1: small business, you receive a five dollar credit. You can 157 00:07:00,560 --> 00:07:02,680 Speaker 1: take advantage of this offer up to ten times, which 158 00:07:02,720 --> 00:07:05,160 Speaker 1: means you can get up to fifty dollars back from 159 00:07:05,279 --> 00:07:08,159 Speaker 1: local small business spending you might already be doing anyway, 160 00:07:08,240 --> 00:07:10,600 Speaker 1: and most of us are trying, in particular, really hard 161 00:07:10,640 --> 00:07:12,680 Speaker 1: to shop locally right now, so it's a great way 162 00:07:12,720 --> 00:07:15,520 Speaker 1: to get rewarded for doing so. The offer in September, 163 00:07:16,200 --> 00:07:18,760 Speaker 1: so you don't have much time left to take advantage 164 00:07:18,800 --> 00:07:21,280 Speaker 1: of this, but but it is something we're sharing. Angel. 165 00:07:21,360 --> 00:07:23,000 Speaker 1: In the title of this episode, you talked about us 166 00:07:23,040 --> 00:07:25,640 Speaker 1: performing our civic duty. Dude, it's time to get political. 167 00:07:26,120 --> 00:07:29,040 Speaker 1: Not really likely. We're not going to get too political here, 168 00:07:29,040 --> 00:07:30,960 Speaker 1: but it is important to vote, to take part in 169 00:07:31,000 --> 00:07:35,240 Speaker 1: the democratic process. This year's presidential election. It's likely going 170 00:07:35,280 --> 00:07:38,080 Speaker 1: to bring out some serious crowds and personally, man, I 171 00:07:38,120 --> 00:07:40,880 Speaker 1: am not a fan of wedding in line four hours 172 00:07:41,160 --> 00:07:44,640 Speaker 1: to do anything. It's very inefficient. Exactly. I hate inefficiency. 173 00:07:44,680 --> 00:07:46,720 Speaker 1: I've told you that. Uh, someone said, Katon. Now we've 174 00:07:46,720 --> 00:07:49,760 Speaker 1: requested mail in ballots, and so we want to encourage 175 00:07:49,760 --> 00:07:51,800 Speaker 1: folks to do that as well. If if they're likely 176 00:07:51,880 --> 00:07:54,679 Speaker 1: to not wait in line, if you know there's places 177 00:07:54,680 --> 00:07:56,200 Speaker 1: you've gotta be, if you gotta get to work, or 178 00:07:56,240 --> 00:07:58,800 Speaker 1: if you don't have the time to spare wired. They 179 00:07:58,840 --> 00:08:01,760 Speaker 1: actually have a helpful state by state guide that can 180 00:08:01,800 --> 00:08:04,040 Speaker 1: get you pointed in the right direction so you can 181 00:08:04,080 --> 00:08:06,520 Speaker 1: make the most of your vote as well as your time. 182 00:08:06,560 --> 00:08:07,720 Speaker 1: And we'll make sure to link to that in our 183 00:08:07,760 --> 00:08:11,160 Speaker 1: show notes. Okay, another point on the agenda for Civic 184 00:08:11,200 --> 00:08:13,600 Speaker 1: Duty is that you need to complete the census, and 185 00:08:13,680 --> 00:08:16,160 Speaker 1: times running out in order to do that. The deadline 186 00:08:16,200 --> 00:08:18,800 Speaker 1: was actually abruptly moved up to September thirty, so you 187 00:08:18,800 --> 00:08:20,480 Speaker 1: actually have less time to fill out the senses if 188 00:08:20,520 --> 00:08:22,760 Speaker 1: you haven't done so. I know people in our neighborhood 189 00:08:22,760 --> 00:08:24,920 Speaker 1: they're canvasing and they're knocking on doors and they're asking 190 00:08:24,920 --> 00:08:27,720 Speaker 1: whether or not they've knocked on mine and they're like, 191 00:08:27,720 --> 00:08:28,960 Speaker 1: why haven't you fill it out? I'm like, I did, 192 00:08:28,960 --> 00:08:31,520 Speaker 1: I promise, And so, yeah, we had that conversation. But 193 00:08:31,640 --> 00:08:33,520 Speaker 1: if you haven't yet filled out the census, go to 194 00:08:33,640 --> 00:08:36,319 Speaker 1: my census dot gov in order to make it happen. 195 00:08:36,679 --> 00:08:39,480 Speaker 1: And why is that important? Well, according to the Census Bureau, 196 00:08:39,480 --> 00:08:43,360 Speaker 1: the Census provides critical data that lawmakers, business owners, teachers, 197 00:08:43,360 --> 00:08:46,680 Speaker 1: and many others use to provide daily services, products, and 198 00:08:46,760 --> 00:08:49,080 Speaker 1: support for you and for your community. I mean, this 199 00:08:49,120 --> 00:08:52,720 Speaker 1: affects billions of dollars in federal funding, which goes to 200 00:08:52,840 --> 00:08:56,680 Speaker 1: the services that we use the most, like hospitals, fire department, schools, 201 00:08:56,760 --> 00:09:01,440 Speaker 1: and roads. And the Census data determines where these dollars flow. 202 00:09:01,559 --> 00:09:04,280 Speaker 1: So it's important for us to make sure that we're 203 00:09:04,320 --> 00:09:07,040 Speaker 1: speaking up and and filling out the census so that 204 00:09:07,080 --> 00:09:09,880 Speaker 1: the dollars flow to the correct places. And so yeah, 205 00:09:09,920 --> 00:09:11,880 Speaker 1: if you haven't done that yet, it's super simple, it 206 00:09:11,880 --> 00:09:15,000 Speaker 1: doesn't take very much time. Dot com is the place 207 00:09:15,040 --> 00:09:16,439 Speaker 1: to go. I haven't done it yet, but I will 208 00:09:16,480 --> 00:09:18,760 Speaker 1: be sure to do that after we record this episode. 209 00:09:18,760 --> 00:09:21,280 Speaker 1: Please do How about that? All? Right, enough about civic duty, 210 00:09:21,600 --> 00:09:24,079 Speaker 1: let's talk about money. Let's talk about student loans. Man, 211 00:09:24,120 --> 00:09:27,839 Speaker 1: they are officially on hold until December thirty one. That 212 00:09:27,880 --> 00:09:30,920 Speaker 1: means no student loan payments nor any interest is due, 213 00:09:31,120 --> 00:09:34,640 Speaker 1: and this is great news for borrowers. Uh. Last week, 214 00:09:34,800 --> 00:09:36,800 Speaker 1: you know, we mentioned the peril tax which will just 215 00:09:36,960 --> 00:09:39,679 Speaker 1: delay that tax until next year, which is I think 216 00:09:39,720 --> 00:09:43,240 Speaker 1: pretty lame. But unlike that peril tax holiday, these student 217 00:09:43,240 --> 00:09:45,800 Speaker 1: loan non payments that will go until the end of 218 00:09:45,800 --> 00:09:48,640 Speaker 1: the year, they're not going to come do in one. 219 00:09:49,000 --> 00:09:51,160 Speaker 1: So if you are in a tough financial position and 220 00:09:51,160 --> 00:09:52,840 Speaker 1: you could use a break, maybe to beef up your 221 00:09:52,840 --> 00:09:55,400 Speaker 1: emergency fund or to ensure that you pay your bills, 222 00:09:55,880 --> 00:09:57,560 Speaker 1: you will certainly want to take advantage of some of 223 00:09:57,559 --> 00:10:00,280 Speaker 1: that student loan relief. Yeah, if you've lost your job 224 00:10:00,400 --> 00:10:04,200 Speaker 1: or you've been furloughed, this feels basically like a necessity. 225 00:10:04,400 --> 00:10:07,200 Speaker 1: And then if you're in a decent financial position, it 226 00:10:07,240 --> 00:10:09,840 Speaker 1: gives you the ability to funnel that money elsewhere, like 227 00:10:09,880 --> 00:10:12,760 Speaker 1: building up that emergency fund or investing more even right 228 00:10:12,800 --> 00:10:15,480 Speaker 1: now if you're doing really well. It's also worth noting 229 00:10:15,520 --> 00:10:18,080 Speaker 1: that this relief doesn't apply to all student loans, just 230 00:10:18,120 --> 00:10:20,520 Speaker 1: federal student loans, just like it did in the Cares Act. 231 00:10:20,679 --> 00:10:23,520 Speaker 1: So that's a check mark in favor of federal student 232 00:10:23,520 --> 00:10:26,080 Speaker 1: loans over private and matt and now we've talked about 233 00:10:26,080 --> 00:10:29,040 Speaker 1: that before that before you refinance into a private loan, 234 00:10:29,040 --> 00:10:30,480 Speaker 1: there's a lot of questions you have to ask. We 235 00:10:30,520 --> 00:10:32,559 Speaker 1: have more information on our website at how to money 236 00:10:32,600 --> 00:10:35,760 Speaker 1: dot com on that. But as the executive order has 237 00:10:35,760 --> 00:10:38,200 Speaker 1: been implemented, at one of the points of clarification that 238 00:10:38,240 --> 00:10:41,440 Speaker 1: the Department of Education made was concerning individuals who are 239 00:10:41,480 --> 00:10:45,240 Speaker 1: participating in the PSLF or Public Service Loan Forgiveness Program, 240 00:10:45,400 --> 00:10:48,240 Speaker 1: it's now clear that these months of non payments also 241 00:10:48,360 --> 00:10:52,000 Speaker 1: count towards the requirements for PSLF. They do count towards 242 00:10:52,040 --> 00:10:54,160 Speaker 1: those a hundred and twenty payments that you have to 243 00:10:54,160 --> 00:10:56,840 Speaker 1: make in order to get that student loan relief at 244 00:10:56,840 --> 00:10:59,480 Speaker 1: the end of ten years. And that's great man for 245 00:10:59,480 --> 00:11:01,839 Speaker 1: for anybody who is in that program. Basically at the 246 00:11:01,920 --> 00:11:04,080 Speaker 1: end of this year, you will have received close to 247 00:11:04,120 --> 00:11:07,840 Speaker 1: a full year of credit towards PSLF that you didn't 248 00:11:07,840 --> 00:11:09,720 Speaker 1: have to pay a dime to get. Yeah, I think 249 00:11:09,720 --> 00:11:12,320 Speaker 1: a lot of folks who are gunning for PSLF, they 250 00:11:12,360 --> 00:11:14,160 Speaker 1: were they were afraid, you know, a little bit to 251 00:11:14,200 --> 00:11:16,120 Speaker 1: not make those payments because they didn't want that to 252 00:11:16,480 --> 00:11:18,880 Speaker 1: disqualify them from the program. And so I think some 253 00:11:18,920 --> 00:11:21,559 Speaker 1: individuals maybe felt that they had to continue making those payments. 254 00:11:21,800 --> 00:11:23,800 Speaker 1: But yeah, I love that the Department of Education, they 255 00:11:23,840 --> 00:11:25,680 Speaker 1: made it perfectly clear that you know, these months of 256 00:11:25,760 --> 00:11:28,640 Speaker 1: non payment that they totally count towards that forgiveness and 257 00:11:28,840 --> 00:11:31,120 Speaker 1: Jill all the note of student loans um or actually 258 00:11:31,160 --> 00:11:34,840 Speaker 1: maybe avoiding those student loans. Colleges are now offering discounts 259 00:11:34,880 --> 00:11:38,000 Speaker 1: for the fall semester due to large numbers of outbreaks 260 00:11:38,000 --> 00:11:40,800 Speaker 1: and clusters of COVID spread on by in person learning. 261 00:11:41,160 --> 00:11:43,840 Speaker 1: Some colleges that reverse course uh and have switched to 262 00:11:43,920 --> 00:11:49,280 Speaker 1: online classes are offering discounts of some up to on tuition. 263 00:11:49,440 --> 00:11:51,520 Speaker 1: So while some schools are giving these discounts, while they're 264 00:11:51,520 --> 00:11:53,360 Speaker 1: giving those out, there are other schools that are even 265 00:11:53,400 --> 00:11:57,199 Speaker 1: offering free tuition altogether. They're they're going totally pro bono 266 00:11:57,280 --> 00:11:59,040 Speaker 1: while things are kind of up in the air, while 267 00:11:59,040 --> 00:12:01,640 Speaker 1: things are in flux, And that's really cool to see. Man, 268 00:12:01,679 --> 00:12:05,000 Speaker 1: why not get a degree for completely free? Yeah? Man, 269 00:12:05,000 --> 00:12:06,760 Speaker 1: free sounds good to me. And actually I found it 270 00:12:06,800 --> 00:12:10,680 Speaker 1: interesting in the article that that spoke to the schools 271 00:12:10,679 --> 00:12:13,040 Speaker 1: that are actually offering free tuition right now. One of 272 00:12:13,080 --> 00:12:15,360 Speaker 1: them is the school that my parents actually went to, 273 00:12:15,440 --> 00:12:21,880 Speaker 1: both Pacific Lutheran University. Man, it's uh o l u yeah, man, 274 00:12:22,000 --> 00:12:23,800 Speaker 1: I mean I've been to the campus, visited it with 275 00:12:23,800 --> 00:12:25,680 Speaker 1: my folks, and it's a good spot. So I do 276 00:12:25,679 --> 00:12:27,360 Speaker 1: wonder if they're being affected by the fires. Man, that 277 00:12:27,480 --> 00:12:29,120 Speaker 1: might be kind of smoky out there. That's a good question. 278 00:12:29,120 --> 00:12:32,160 Speaker 1: I'm not sure, but yeah, good school. And I love 279 00:12:32,240 --> 00:12:35,240 Speaker 1: when schools kind of recognized the need right now. And 280 00:12:35,280 --> 00:12:37,839 Speaker 1: of course we're in unprecedented times, so you know, those 281 00:12:37,840 --> 00:12:40,640 Speaker 1: discounts are welcomed, especially as you know, traditional learning has 282 00:12:40,679 --> 00:12:43,920 Speaker 1: given way to something a whole lot more difficult, uh 283 00:12:43,960 --> 00:12:46,160 Speaker 1: for for students and for teachers. And of course you've 284 00:12:46,160 --> 00:12:48,520 Speaker 1: got personal ties to one of the schools that is 285 00:12:48,559 --> 00:12:51,640 Speaker 1: offering free tuitions, like in your blood. Yeah, it's nice 286 00:12:51,679 --> 00:12:53,880 Speaker 1: to read about that and have that personal connection, that's 287 00:12:53,920 --> 00:12:55,800 Speaker 1: for sure, all right, Matt. Well, we got more to 288 00:12:55,880 --> 00:12:59,080 Speaker 1: get to, including lumber prices are soaring that sounds really 289 00:12:59,080 --> 00:13:01,360 Speaker 1: boring except for the act that it actually has a 290 00:13:01,400 --> 00:13:04,240 Speaker 1: massive impact on the personal finances of a lot of us. 291 00:13:04,280 --> 00:13:10,320 Speaker 1: Will get to that and more right after this break. 292 00:13:15,600 --> 00:13:16,880 Speaker 1: All right, we're back to the break and Jil, you 293 00:13:16,880 --> 00:13:19,280 Speaker 1: mentioned lumber prices, so that probably maybe piqued the interest 294 00:13:19,320 --> 00:13:21,760 Speaker 1: of some homeowners who were thinking about adding onto their house. 295 00:13:22,000 --> 00:13:24,320 Speaker 1: But we're gonna talk about stuff for renters as well. 296 00:13:24,320 --> 00:13:26,559 Speaker 1: We're gonna get to the eviction band, but first let's 297 00:13:26,559 --> 00:13:28,880 Speaker 1: talk about lumber. Alright. So we talked about getting rid 298 00:13:28,880 --> 00:13:31,400 Speaker 1: of a car because used car prices are high. Should 299 00:13:31,400 --> 00:13:34,040 Speaker 1: people start ripping off their wood sighting in order to 300 00:13:34,080 --> 00:13:36,120 Speaker 1: sell it because lumper prices are high? Yeah, selling that 301 00:13:36,200 --> 00:13:38,040 Speaker 1: with for scrap. It's kind of like when copper prices 302 00:13:38,040 --> 00:13:40,120 Speaker 1: were sky high, and like folks were going around to 303 00:13:40,800 --> 00:13:44,880 Speaker 1: electrical utility poles and stripping the copper wiring off those poles. 304 00:13:45,240 --> 00:13:47,440 Speaker 1: It's like the ground, like it goes from the you know, 305 00:13:47,480 --> 00:13:48,720 Speaker 1: like the wires all the way down to the ground 306 00:13:48,720 --> 00:13:50,880 Speaker 1: to make sure people don't get electricated. I guess that 307 00:13:50,920 --> 00:13:52,160 Speaker 1: was like a real problem for a while there. I 308 00:13:52,160 --> 00:13:54,840 Speaker 1: haven't heard anything about that recently. They were also stealing 309 00:13:54,840 --> 00:13:57,120 Speaker 1: it off of people's air conditioners, which I don't know 310 00:13:57,200 --> 00:13:59,000 Speaker 1: is worse. Is it worse to like wake up and 311 00:13:59,040 --> 00:14:01,160 Speaker 1: have your air conditioning that we're working or for you know, 312 00:14:01,240 --> 00:14:05,400 Speaker 1: to get electrocuted, probably electrocuted. Neither is ideal, but yeah, yeah, 313 00:14:05,400 --> 00:14:07,520 Speaker 1: we're not going to encourage either one of those, right. 314 00:14:07,640 --> 00:14:10,480 Speaker 1: But yeah, lumber prices have more than doubled, man, since 315 00:14:10,559 --> 00:14:13,120 Speaker 1: just the beginning of this year, showing like some similarities 316 00:14:13,200 --> 00:14:15,000 Speaker 1: to the like the price of Tesla stock, which is 317 00:14:15,200 --> 00:14:17,480 Speaker 1: kind of skyrocketed. But what that means is the price 318 00:14:17,480 --> 00:14:19,280 Speaker 1: of a new home cost a whole lot more these 319 00:14:19,320 --> 00:14:22,440 Speaker 1: days because of that as well. In fact, the cost 320 00:14:22,520 --> 00:14:25,880 Speaker 1: of building a new home is on average sixteen dollars 321 00:14:25,880 --> 00:14:28,800 Speaker 1: more right now because of how much more lumber costs. 322 00:14:29,000 --> 00:14:31,160 Speaker 1: That's pretty crazy, man, uh, and we're starting to see 323 00:14:31,240 --> 00:14:34,560 Speaker 1: builders react accordingly. Some can't find the lumber that they 324 00:14:34,560 --> 00:14:36,920 Speaker 1: need in order to complete projects that they've been on, 325 00:14:37,320 --> 00:14:40,040 Speaker 1: and others are are waiting to start new builds hoping 326 00:14:40,280 --> 00:14:43,720 Speaker 1: that the prices will recede in the near future. Yeah, 327 00:14:43,720 --> 00:14:46,240 Speaker 1: it's crazy to see what's happened with lumber prices and 328 00:14:46,280 --> 00:14:49,560 Speaker 1: how it impacts so many people in homeowners who are 329 00:14:49,600 --> 00:14:51,600 Speaker 1: looking to have renovations done in the near future. We're 330 00:14:51,640 --> 00:14:54,640 Speaker 1: actually planning on building a screen porch off the back 331 00:14:54,680 --> 00:14:56,960 Speaker 1: of our house, and it looks like these inflated lumber 332 00:14:57,000 --> 00:14:59,640 Speaker 1: prices are going to make that way more expensive right now. 333 00:14:59,680 --> 00:15:02,080 Speaker 1: So we're I decide do we wait and and hope 334 00:15:02,120 --> 00:15:04,800 Speaker 1: the lumber prices go down before we hire someone to 335 00:15:04,840 --> 00:15:07,200 Speaker 1: do the building. When we're talking with the local builder, 336 00:15:07,240 --> 00:15:10,600 Speaker 1: he actually mentioned that composite decking is cheaper in many 337 00:15:10,640 --> 00:15:12,840 Speaker 1: cases right now than going with a traditional wood deck. 338 00:15:13,240 --> 00:15:15,680 Speaker 1: I've never heard of that being the case before. Composite 339 00:15:15,680 --> 00:15:18,800 Speaker 1: decking is usually two to three times the price of 340 00:15:18,880 --> 00:15:21,160 Speaker 1: putting on a wood deck or a wood porch. And 341 00:15:21,200 --> 00:15:24,280 Speaker 1: so that's just fascinating how things can change. Something to consider. 342 00:15:24,360 --> 00:15:26,120 Speaker 1: You know, maybe you guys can get yourself a composite 343 00:15:26,120 --> 00:15:29,320 Speaker 1: deck that never rots, ever have to restain. Yeah, it's 344 00:15:29,320 --> 00:15:31,680 Speaker 1: something that sounds appealing as it does. Yeah, it's something 345 00:15:31,680 --> 00:15:33,560 Speaker 1: that we're we're thinking through. Do we wait, do we 346 00:15:33,560 --> 00:15:35,880 Speaker 1: go composite? I don't know yet. Yes, it's just crazy 347 00:15:36,000 --> 00:15:39,840 Speaker 1: to think that the lumber prices can skyrocket that that 348 00:15:39,960 --> 00:15:42,960 Speaker 1: much that quickly, and how large in effect he can 349 00:15:43,000 --> 00:15:46,120 Speaker 1: have on home builders and you know, just home owners 350 00:15:46,160 --> 00:15:48,200 Speaker 1: alike pretty soon when it comes to like the sighting 351 00:15:48,200 --> 00:15:50,120 Speaker 1: and trim on our houses. Maybe the law just be 352 00:15:50,200 --> 00:15:53,160 Speaker 1: made of plastic in the individual. I was actually surprised 353 00:15:53,280 --> 00:15:55,440 Speaker 1: with our home renovation a couple of years ago how 354 00:15:55,520 --> 00:15:58,400 Speaker 1: much I guess vinyl or fiberglass that they used on 355 00:15:58,480 --> 00:16:01,800 Speaker 1: the exterior at the home, specifically on trim. Evidently folks 356 00:16:01,840 --> 00:16:03,000 Speaker 1: tend to see a lot of rot there, I guess 357 00:16:03,040 --> 00:16:04,960 Speaker 1: because of the horizontal surface, you know, with it being 358 00:16:04,960 --> 00:16:07,120 Speaker 1: a window sill, But in particular some of the trim 359 00:16:07,160 --> 00:16:09,400 Speaker 1: around the house that was closer to the ground, they 360 00:16:09,440 --> 00:16:12,360 Speaker 1: weren't using wood. They're using some sort of alternate kind 361 00:16:12,360 --> 00:16:15,160 Speaker 1: of composite material that won't rot, which at first I 362 00:16:15,200 --> 00:16:16,680 Speaker 1: was like, what is Like what what is all that is? Like, 363 00:16:16,720 --> 00:16:19,120 Speaker 1: where's the traditional wood? But then they kind of explained it, 364 00:16:19,160 --> 00:16:20,440 Speaker 1: and it kind of made me happy to not have 365 00:16:20,480 --> 00:16:22,560 Speaker 1: to worry about that rotting out in the future and 366 00:16:22,560 --> 00:16:25,880 Speaker 1: having it replaced. Yeah, let's upkeep for sure. Yeah that's right, man. 367 00:16:26,000 --> 00:16:29,000 Speaker 1: And So another story Wounded to cover is life insurance. 368 00:16:29,040 --> 00:16:31,040 Speaker 1: We want to talk about life insurance because the prices 369 00:16:31,120 --> 00:16:33,960 Speaker 1: are really low right now, making it a really good 370 00:16:34,000 --> 00:16:37,000 Speaker 1: time to get that term life policy. Uh. In fact, 371 00:16:37,080 --> 00:16:40,480 Speaker 1: money dot com they report that life insurance plan prices 372 00:16:40,840 --> 00:16:43,720 Speaker 1: they are at twenty year lows. So in my book 373 00:16:43,720 --> 00:16:46,600 Speaker 1: Man the prices rights, and in addition to just the 374 00:16:46,640 --> 00:16:49,280 Speaker 1: cost of it, much of the difficulty of getting life 375 00:16:49,280 --> 00:16:51,880 Speaker 1: insurance has gone out the window right now, even more 376 00:16:51,920 --> 00:16:55,600 Speaker 1: insurers are foregoing medical exams that they used to require. 377 00:16:56,080 --> 00:16:59,040 Speaker 1: The life insurance plans that don't require a health exam, 378 00:16:59,120 --> 00:17:02,240 Speaker 1: they often charged you higher premiums pre COVID, but due 379 00:17:02,280 --> 00:17:04,679 Speaker 1: to the pandemic and the necessity to to move away 380 00:17:04,680 --> 00:17:07,919 Speaker 1: from that, insurers have not been raising prices based on 381 00:17:07,960 --> 00:17:09,960 Speaker 1: these changes, And so that's pretty cool as well. Yeah, 382 00:17:09,960 --> 00:17:11,560 Speaker 1: it just means it's gonna be easier for you to 383 00:17:11,600 --> 00:17:14,040 Speaker 1: get that life insurance policy. You don't have to have 384 00:17:14,119 --> 00:17:17,280 Speaker 1: the in home visit and medical exam, which is often 385 00:17:17,320 --> 00:17:20,359 Speaker 1: one of the barriers to two people actually going forward 386 00:17:20,440 --> 00:17:22,879 Speaker 1: and getting a life insurance policy. And if you're not 387 00:17:22,920 --> 00:17:25,560 Speaker 1: sure how to choose the proper life insurance coverage for you, 388 00:17:25,800 --> 00:17:28,160 Speaker 1: will pop an article in the show notes that explains 389 00:17:28,240 --> 00:17:30,920 Speaker 1: all the factors that you should be considering in addition 390 00:17:30,960 --> 00:17:33,400 Speaker 1: to where you should be shopping for that life insurance plan. 391 00:17:33,720 --> 00:17:35,800 Speaker 1: Term life insurance is by far the best choice for 392 00:17:35,960 --> 00:17:39,000 Speaker 1: pretty much everybody out there, and it's incredibly cheap if 393 00:17:39,000 --> 00:17:42,480 Speaker 1: you're young, mostly healthy and e buy healthy. Yeah, exactly, 394 00:17:42,680 --> 00:17:44,320 Speaker 1: and you gotta make sure you don't smoke too. That's 395 00:17:44,320 --> 00:17:46,280 Speaker 1: how you're gonna get the best rate. So if you 396 00:17:46,480 --> 00:17:48,640 Speaker 1: know you should have a life insurance policy in place, 397 00:17:48,640 --> 00:17:50,639 Speaker 1: but you've put it off, now it's just a great 398 00:17:50,680 --> 00:17:53,520 Speaker 1: time to finally make it happen, to shop and then 399 00:17:53,560 --> 00:17:56,520 Speaker 1: to to actually take that policy out to protect your 400 00:17:56,560 --> 00:17:58,560 Speaker 1: loved ones. Or if you're like me and you still 401 00:17:58,600 --> 00:18:01,119 Speaker 1: haven't gotten that policy in play is for your wife, 402 00:18:01,560 --> 00:18:03,320 Speaker 1: now might be the perfect time to get that plan 403 00:18:03,440 --> 00:18:06,200 Speaker 1: for your spouse. Y, make it happen. Seriously, I'm actually 404 00:18:06,200 --> 00:18:08,000 Speaker 1: a little embarrassed that we don't have that in place yet. 405 00:18:08,200 --> 00:18:10,640 Speaker 1: Now it's the perfect time, it is, and now's the time, man. 406 00:18:10,920 --> 00:18:12,679 Speaker 1: And we also, man, we wanted to make sure that 407 00:18:12,680 --> 00:18:16,080 Speaker 1: folks knew that the eviction band has been extended through December. 408 00:18:16,480 --> 00:18:20,040 Speaker 1: The CDC made an unprecedented move last week by banning 409 00:18:20,119 --> 00:18:23,359 Speaker 1: most evictions due to not paying rent. Many states, you know, 410 00:18:23,400 --> 00:18:26,320 Speaker 1: they have their own eviction moratoriums in place, and so 411 00:18:26,359 --> 00:18:29,359 Speaker 1: this band is in addition to those protections for folks 412 00:18:29,440 --> 00:18:33,160 Speaker 1: who are renting in those specific states. There are qualifications, though, 413 00:18:33,320 --> 00:18:35,760 Speaker 1: and they're listed out on the declaration form that was 414 00:18:35,760 --> 00:18:37,679 Speaker 1: issued by the CDC. Will make sure to link to 415 00:18:37,680 --> 00:18:39,720 Speaker 1: that in our show notes. But if you do qualify 416 00:18:39,760 --> 00:18:42,080 Speaker 1: and you meet those requirements and you're looking for a 417 00:18:42,160 --> 00:18:45,040 Speaker 1: financial break, then you'll need to sign that form and 418 00:18:45,080 --> 00:18:46,640 Speaker 1: then all you need to do is actually just give 419 00:18:46,640 --> 00:18:49,480 Speaker 1: it to your landlord. Yeah, and and I love that 420 00:18:49,520 --> 00:18:51,840 Speaker 1: this is happening for people who are hurting and can't 421 00:18:51,880 --> 00:18:54,200 Speaker 1: pay rent. This keeps them in their homes at least 422 00:18:54,240 --> 00:18:56,080 Speaker 1: through the end of the year, and who knows, you know, 423 00:18:56,119 --> 00:18:58,720 Speaker 1: what the next step is after this part of it 424 00:18:58,760 --> 00:19:00,679 Speaker 1: depends on how bad the pan emmic is as we 425 00:19:00,720 --> 00:19:02,840 Speaker 1: approach the end of the year and what steps are 426 00:19:02,840 --> 00:19:06,119 Speaker 1: are elected officials and different government agencies actually decided to 427 00:19:06,160 --> 00:19:08,639 Speaker 1: take at the same time. Though, this doesn't mean that 428 00:19:08,680 --> 00:19:11,520 Speaker 1: people shouldn't be paying their rent. If you can still 429 00:19:11,560 --> 00:19:14,160 Speaker 1: afford to pay for your housing, you should be doing 430 00:19:14,200 --> 00:19:16,040 Speaker 1: so right now. This is a measure that calls for 431 00:19:16,080 --> 00:19:19,280 Speaker 1: a moratorium on evictions, not not right forgiveness of rent. 432 00:19:19,520 --> 00:19:22,840 Speaker 1: So while most landlords won't be evicting non paying tenants 433 00:19:22,880 --> 00:19:25,240 Speaker 1: to the end of the year, that owed rent will 434 00:19:25,280 --> 00:19:28,200 Speaker 1: still be due come January one, and evictions will then 435 00:19:28,200 --> 00:19:30,240 Speaker 1: be able to resume. So if you're putting it off 436 00:19:30,880 --> 00:19:33,280 Speaker 1: in hopes that you'll never have to pay it, that's 437 00:19:33,280 --> 00:19:34,800 Speaker 1: just not going to be the case. And so if 438 00:19:34,840 --> 00:19:37,639 Speaker 1: you can continue to pay, you should. Yeah, so do 439 00:19:37,760 --> 00:19:39,639 Speaker 1: continue trying to make your rent. But if you're in 440 00:19:39,640 --> 00:19:42,560 Speaker 1: a situation where you can no longer make those payments, 441 00:19:42,640 --> 00:19:44,639 Speaker 1: we would recommend for folks to check out just shelter 442 00:19:44,800 --> 00:19:47,920 Speaker 1: dot org, where you can search for local resources to 443 00:19:47,920 --> 00:19:49,960 Speaker 1: to help you out. A lot of those resources will 444 00:19:49,960 --> 00:19:53,439 Speaker 1: be legal and fair housing related, so that's actually definitely 445 00:19:53,480 --> 00:19:55,680 Speaker 1: a place where you want to go if you've given 446 00:19:55,720 --> 00:19:58,760 Speaker 1: that sign declaration form to your landlord and they're ignoring it, 447 00:19:58,800 --> 00:20:01,720 Speaker 1: you know, if they're attempting to the eviction process anyway. 448 00:20:01,840 --> 00:20:04,199 Speaker 1: And in addition to that, some states have set aside 449 00:20:04,320 --> 00:20:07,720 Speaker 1: millions in rent assistance as well, so there could be 450 00:20:07,800 --> 00:20:10,399 Speaker 1: money out there for you if you're in a tough spot. 451 00:20:10,520 --> 00:20:12,600 Speaker 1: To make sure to check out that website, just shelter 452 00:20:12,720 --> 00:20:15,640 Speaker 1: dot org and see what resources are available for you 453 00:20:15,680 --> 00:20:17,159 Speaker 1: in your state. All R Man, that's gonna do it 454 00:20:17,200 --> 00:20:19,639 Speaker 1: for the headlines that we found important this week. But 455 00:20:19,640 --> 00:20:21,880 Speaker 1: we've got some pod business to take care of. Let's 456 00:20:21,880 --> 00:20:24,080 Speaker 1: do it. And that's because last week we started a 457 00:20:24,200 --> 00:20:28,119 Speaker 1: raid our bookshelf contest and we had a ton of 458 00:20:28,160 --> 00:20:31,800 Speaker 1: reviews and entries from How the Money listeners who wanted 459 00:20:31,840 --> 00:20:34,280 Speaker 1: to rate our bookshelf and win a set of three books. 460 00:20:34,280 --> 00:20:36,280 Speaker 1: We had four packages we were giving away of three 461 00:20:36,280 --> 00:20:38,560 Speaker 1: books from former guests that have been on the show, 462 00:20:38,920 --> 00:20:41,679 Speaker 1: and so many of you left incredibly kind reviews. We 463 00:20:41,760 --> 00:20:44,520 Speaker 1: really appreciate it, thank you for entering, and so Matt, 464 00:20:44,560 --> 00:20:46,160 Speaker 1: let's read just a couple of reviews just so people 465 00:20:46,160 --> 00:20:48,040 Speaker 1: can get a taste of what people are saying about 466 00:20:48,040 --> 00:20:51,400 Speaker 1: the show. Someone said, since listening to these two besties, 467 00:20:51,640 --> 00:20:53,720 Speaker 1: we have a clear plan for our money every month, 468 00:20:53,800 --> 00:20:55,840 Speaker 1: paid off all our debt, and have started investing in 469 00:20:55,880 --> 00:20:59,760 Speaker 1: saving for our retirement. We now love to have money discussions. 470 00:20:59,800 --> 00:21:02,440 Speaker 1: What's is ridiculous that like they love to actually start 471 00:21:02,480 --> 00:21:04,359 Speaker 1: talking about money now, of when you know that wasn't 472 00:21:04,359 --> 00:21:06,920 Speaker 1: the case before. It still awesome, It's awesome right, and 473 00:21:07,000 --> 00:21:09,359 Speaker 1: that we would not have otherwise had as a couple 474 00:21:09,640 --> 00:21:11,960 Speaker 1: without feeling some stress. And it's all thanks to listening 475 00:21:12,000 --> 00:21:14,120 Speaker 1: to How the Money. And I gotta say, like those 476 00:21:14,200 --> 00:21:16,240 Speaker 1: are the kind of reviews that that made me happy 477 00:21:16,280 --> 00:21:18,480 Speaker 1: if it's like, if it's distressed money in your life, 478 00:21:18,480 --> 00:21:21,280 Speaker 1: if it's given you a path forward, then there's nothing 479 00:21:21,359 --> 00:21:24,320 Speaker 1: more rewarding than hearing that. Well, yeah, we feed off 480 00:21:24,359 --> 00:21:27,280 Speaker 1: of that energy, off of that positive momentum, you know, 481 00:21:27,280 --> 00:21:30,119 Speaker 1: tho's positive steps that folks were taking. Uh. There there 482 00:21:30,160 --> 00:21:32,200 Speaker 1: was one other review too where somebody mentioned I'm not 483 00:21:32,200 --> 00:21:34,040 Speaker 1: gonna read the whole thing, but you know they said, 484 00:21:34,160 --> 00:21:36,320 Speaker 1: if you're sick of listening to Dave Ramsey blah blah 485 00:21:36,320 --> 00:21:39,480 Speaker 1: blah for hours on end, which totally cracked me up. 486 00:21:39,760 --> 00:21:41,720 Speaker 1: But I will say, like, we don't hate on Dave Ramsey. 487 00:21:41,880 --> 00:21:44,560 Speaker 1: He was actually my my introduction to personal finance and 488 00:21:44,600 --> 00:21:47,160 Speaker 1: kind of how I got started going down the path 489 00:21:47,280 --> 00:21:49,399 Speaker 1: of you know, handling my money. Well, like like that 490 00:21:49,440 --> 00:21:51,320 Speaker 1: was when I created my first budget, and that actually 491 00:21:51,400 --> 00:21:53,000 Speaker 1: kind of got me a little nostalgic, like kind of 492 00:21:53,000 --> 00:21:54,720 Speaker 1: thinking back what life was like back then. And I 493 00:21:54,760 --> 00:21:56,840 Speaker 1: went back to my first budget back in two thousand 494 00:21:56,880 --> 00:21:59,760 Speaker 1: and seven, and I looked at my budgeted expenses. Dude, 495 00:22:00,200 --> 00:22:03,720 Speaker 1: eleven hundred dollars a month is what I required, uh, 496 00:22:03,760 --> 00:22:06,159 Speaker 1: in order to survive. And it's not like that was 497 00:22:06,240 --> 00:22:08,639 Speaker 1: some like crazy far off goal like those were my 498 00:22:08,680 --> 00:22:10,840 Speaker 1: budget expenses, but I was only like a hundred over, 499 00:22:10,880 --> 00:22:12,119 Speaker 1: you know, and so it wasn't like some sort of 500 00:22:12,160 --> 00:22:13,880 Speaker 1: pie in the sky thing like that's just what life 501 00:22:13,920 --> 00:22:15,639 Speaker 1: was like back then, which is kind of kind of 502 00:22:15,680 --> 00:22:18,280 Speaker 1: mind blowing. But but yeah, all that to say, we 503 00:22:18,359 --> 00:22:20,600 Speaker 1: love what Dave is saying in regards to, you know, 504 00:22:20,640 --> 00:22:22,800 Speaker 1: people getting out of debt, but there is also a 505 00:22:22,840 --> 00:22:25,719 Speaker 1: little more nuance when it comes to personal finance, and 506 00:22:25,760 --> 00:22:27,840 Speaker 1: you know, the conversations that we have around money, we 507 00:22:27,880 --> 00:22:30,280 Speaker 1: try to include some of those fine details. Yeah, no doubt, 508 00:22:30,320 --> 00:22:32,440 Speaker 1: all right, Matt. Let's so, let's name the four winners 509 00:22:32,440 --> 00:22:34,639 Speaker 1: who won books this week in the Radar Bookshelf contest. 510 00:22:34,680 --> 00:22:38,040 Speaker 1: Little drum roll for you, and yeah, we'll send those 511 00:22:38,080 --> 00:22:39,959 Speaker 1: out to you in the in the next week or so. 512 00:22:40,400 --> 00:22:44,120 Speaker 1: But yeah, thanks to our list randomizer, our winners are 513 00:22:44,240 --> 00:22:48,160 Speaker 1: John T, Tracy Bucci, B Hogan, and run Jilly Bean. 514 00:22:48,359 --> 00:22:50,199 Speaker 1: Will be contacting you, will shoot an email your way, 515 00:22:50,240 --> 00:22:52,120 Speaker 1: get your address and send those books on out. Thanks 516 00:22:52,119 --> 00:22:54,760 Speaker 1: again to everyone for entering and leaving a kind review. 517 00:22:54,840 --> 00:22:56,840 Speaker 1: Matt and I we really appreciate it. Yeah, and it's 518 00:22:56,880 --> 00:22:58,760 Speaker 1: also worth noting too that you didn't have to leave 519 00:22:58,840 --> 00:23:01,520 Speaker 1: a new review. Anybody who had previously left a review 520 00:23:01,600 --> 00:23:03,159 Speaker 1: and just emailed us to let us know that they 521 00:23:03,160 --> 00:23:06,360 Speaker 1: wanted to be entered into that contest, they were entered in, 522 00:23:06,480 --> 00:23:08,080 Speaker 1: and so on that note, if you want to go 523 00:23:08,080 --> 00:23:10,000 Speaker 1: ahead and leave us a review now for the next 524 00:23:10,000 --> 00:23:13,240 Speaker 1: contest that we're gonna run at some undisclosed point in time, 525 00:23:13,320 --> 00:23:15,320 Speaker 1: but it will happen against it will happen totally. Yeah, 526 00:23:15,320 --> 00:23:16,280 Speaker 1: you can go ahead and do that now, and you 527 00:23:16,280 --> 00:23:19,000 Speaker 1: can do that at Apple Podcast. Leave a solid review 528 00:23:19,040 --> 00:23:20,760 Speaker 1: over there, and you can help others to find our 529 00:23:20,800 --> 00:23:23,879 Speaker 1: podcast and get in on some of that money saving action. 530 00:23:24,000 --> 00:23:25,639 Speaker 1: Oh yeah, all right, Matt, that's gonna do it for 531 00:23:25,800 --> 00:23:29,640 Speaker 1: this episode. Until next time. Best Friends Out, Best Friends Out,