1 00:00:00,120 --> 00:00:03,079 Speaker 1: Welcome to How the Money. I'm Joel and I am Matt. 2 00:00:03,240 --> 00:00:25,400 Speaker 1: Today we're discussing a t l en money lessons. Joel, 3 00:00:25,480 --> 00:00:27,560 Speaker 1: So the four oh four, I feel like that might 4 00:00:27,600 --> 00:00:29,920 Speaker 1: just be a Georgia thing, but everybody in Georgia, definitely, 5 00:00:29,960 --> 00:00:33,919 Speaker 1: everybody in Atlanta knows at the four or four that's Atlanta. 6 00:00:34,400 --> 00:00:36,320 Speaker 1: It's our area code, but it's I mean it's specific 7 00:00:36,400 --> 00:00:39,400 Speaker 1: to like in town Atlanta, Like that's that's an area 8 00:00:39,400 --> 00:00:41,360 Speaker 1: code that you can't get outside of the perimeter. And 9 00:00:41,400 --> 00:00:43,640 Speaker 1: I feel like it's kind of like this badge of honor. Uh, 10 00:00:43,880 --> 00:00:45,680 Speaker 1: if you have a four or four phone number, you've 11 00:00:45,760 --> 00:00:48,000 Speaker 1: kind of got the bragging rights that you live in town. 12 00:00:48,159 --> 00:00:51,400 Speaker 1: Sadly mine that what I was gonna ask, because I 13 00:00:51,440 --> 00:00:53,640 Speaker 1: actually don't know your phone number because it's just saved 14 00:00:53,680 --> 00:00:55,880 Speaker 1: on my phone, but I liked out scored a four 15 00:00:55,920 --> 00:00:58,520 Speaker 1: or four number. I don't know, maybe like fourteen years 16 00:00:58,520 --> 00:01:01,080 Speaker 1: ago something like that. But because this is episode four 17 00:01:01,160 --> 00:01:03,760 Speaker 1: or four, we decided to have a little fun with 18 00:01:03,840 --> 00:01:06,520 Speaker 1: us one have an Atlanta themed episode, and we're gonna 19 00:01:06,600 --> 00:01:10,279 Speaker 1: kind of take a tour throughout Atlanta's history and our present, 20 00:01:10,680 --> 00:01:13,960 Speaker 1: and we're gonna glean some different money lessons that we 21 00:01:14,040 --> 00:01:17,480 Speaker 1: think we can take from those historical events things we're 22 00:01:17,480 --> 00:01:19,919 Speaker 1: gonna talk about and apply them to our lives, apply 23 00:01:19,959 --> 00:01:21,600 Speaker 1: them to your lives. You're gonna learn some cool stuff 24 00:01:21,600 --> 00:01:24,520 Speaker 1: about Atlanta in this episode hopefully that you're into, but 25 00:01:24,680 --> 00:01:27,280 Speaker 1: also with that, you're gonna learn some cool stuff about 26 00:01:27,360 --> 00:01:32,080 Speaker 1: money based on some of those Atlanta trivia, the nuggets 27 00:01:32,120 --> 00:01:34,560 Speaker 1: that we're gonna throw out there. So absolutely, before we 28 00:01:34,560 --> 00:01:36,880 Speaker 1: get to that, man, I wanted to clearly mention that, 29 00:01:37,080 --> 00:01:38,520 Speaker 1: you know, we talked not too long ago, we had 30 00:01:38,520 --> 00:01:40,959 Speaker 1: an episode about credit cards and just like some of 31 00:01:40,959 --> 00:01:42,920 Speaker 1: the perks that you might be missing, and one of 32 00:01:42,920 --> 00:01:46,000 Speaker 1: the things that we mentioned in that episode is that 33 00:01:46,280 --> 00:01:49,400 Speaker 1: sometimes the way people spend on a credit card, it's 34 00:01:49,440 --> 00:01:52,240 Speaker 1: a little there's a little bit less friction and um 35 00:01:52,320 --> 00:01:54,600 Speaker 1: spending with cash, you you feel like you're parting with 36 00:01:54,760 --> 00:01:57,760 Speaker 1: something valuable and so you put a little more meaning 37 00:01:57,800 --> 00:02:00,000 Speaker 1: behind it. Well, we had a listener that reached out 38 00:02:00,040 --> 00:02:03,040 Speaker 1: listener Josh, and he said, it's actually interesting that might 39 00:02:03,080 --> 00:02:07,200 Speaker 1: be a generational divide that younger folks actually think of 40 00:02:07,240 --> 00:02:10,639 Speaker 1: spending dollar bills as being free money, Like they think 41 00:02:10,680 --> 00:02:12,520 Speaker 1: of that in a different way than to think of 42 00:02:12,520 --> 00:02:14,800 Speaker 1: putting money on their credit card or paying with like 43 00:02:14,840 --> 00:02:17,120 Speaker 1: Google pay or something like well, specifically because they've grown 44 00:02:17,160 --> 00:02:20,040 Speaker 1: up not really interacting with physical cash. And I totally 45 00:02:20,040 --> 00:02:22,960 Speaker 1: get that. He shared, like some TikTok videos that we're 46 00:02:23,040 --> 00:02:26,480 Speaker 1: lightening of, just like some of the younger folks being like, 47 00:02:26,720 --> 00:02:28,360 Speaker 1: all right, this doesn't cost me any money because I'm 48 00:02:28,360 --> 00:02:30,440 Speaker 1: paying with green bags. Well, it also depends on how 49 00:02:30,480 --> 00:02:32,560 Speaker 1: nerdy you are with it, right, because, like I totally 50 00:02:32,600 --> 00:02:35,120 Speaker 1: I understand the sentiment. I understand that feeling of if 51 00:02:35,160 --> 00:02:36,960 Speaker 1: you have, like I don't know, a five dollar bill 52 00:02:37,080 --> 00:02:40,320 Speaker 1: or a twenty something laying around in a in a drawer, Uh, 53 00:02:40,360 --> 00:02:42,680 Speaker 1: if you haven't accounted for that money, well I canna 54 00:02:42,680 --> 00:02:45,000 Speaker 1: stick that my pocket, go out later on and buy 55 00:02:45,000 --> 00:02:46,600 Speaker 1: some drinks. In that way, it kind of feels like 56 00:02:46,639 --> 00:02:48,280 Speaker 1: a gift card. It's it was just sitting there. I 57 00:02:48,280 --> 00:02:50,920 Speaker 1: wasn't using it for anything else. However, I think it 58 00:02:50,919 --> 00:02:53,240 Speaker 1: does come down to how well you track your money, 59 00:02:53,280 --> 00:02:55,840 Speaker 1: because in my household, there is no money just laying 60 00:02:55,880 --> 00:02:58,880 Speaker 1: around because every dollar that has entered our house has 61 00:02:58,919 --> 00:03:01,520 Speaker 1: come from somewhere and we've accounted for that. And so 62 00:03:01,639 --> 00:03:03,919 Speaker 1: if we had taken some cash out for some odd reason, 63 00:03:04,080 --> 00:03:06,359 Speaker 1: which we never do, but if we had, I mean, 64 00:03:06,360 --> 00:03:08,760 Speaker 1: there's a record of that. And so like in the moment, 65 00:03:08,840 --> 00:03:11,840 Speaker 1: I totally understand that sentiment that it feels like it's free. 66 00:03:12,160 --> 00:03:13,720 Speaker 1: And I guess if you're not keeping up with your 67 00:03:13,720 --> 00:03:18,119 Speaker 1: money very closely, maybe yeah, it feels even more free 68 00:03:18,120 --> 00:03:19,840 Speaker 1: because you haven't accounted for that. Well, I can say 69 00:03:19,840 --> 00:03:21,600 Speaker 1: in my mind, it's like, no, that's just money that 70 00:03:21,680 --> 00:03:24,560 Speaker 1: I've withdrawn at some prior point in time, or that's 71 00:03:24,600 --> 00:03:27,079 Speaker 1: money that we've received as a gift that you know, 72 00:03:27,120 --> 00:03:29,839 Speaker 1: I've accounted for with you know, on our spreadsheets. It's 73 00:03:29,880 --> 00:03:32,040 Speaker 1: all been tracked, and so in my mind it doesn't 74 00:03:32,080 --> 00:03:33,600 Speaker 1: feel free at all. Yeah. I mean I can see 75 00:03:33,600 --> 00:03:35,640 Speaker 1: where he's coming from, though, because, like, you know, the 76 00:03:35,680 --> 00:03:38,600 Speaker 1: other day, we sold something on Facebook yard sale and 77 00:03:38,600 --> 00:03:41,640 Speaker 1: it was for a few hundred dollars, and we're like, well, 78 00:03:41,640 --> 00:03:43,440 Speaker 1: what do we do with this money? Um, because that 79 00:03:43,640 --> 00:03:46,360 Speaker 1: is kind of found money to a certain degree. You know. Granted, 80 00:03:46,400 --> 00:03:49,040 Speaker 1: we're saving up to buy some new things to put 81 00:03:49,120 --> 00:03:50,880 Speaker 1: in our house, and so we're kind of allocating it 82 00:03:50,920 --> 00:03:53,640 Speaker 1: towards that, but once it's cash in a drawer, it's right, Like, 83 00:03:53,760 --> 00:03:56,720 Speaker 1: I totally understand that mentality that cashion a drawer can 84 00:03:56,760 --> 00:03:59,360 Speaker 1: take on a different psychological meaning, And I just kind 85 00:03:59,360 --> 00:04:01,120 Speaker 1: of found that inter saying like that was a point 86 00:04:01,160 --> 00:04:04,280 Speaker 1: counterpoint there where like it's not necessarily And one of 87 00:04:04,280 --> 00:04:06,840 Speaker 1: the things that that actually Josh mentioned too was there's 88 00:04:06,840 --> 00:04:08,320 Speaker 1: actually a lot of friction when it comes to him 89 00:04:08,320 --> 00:04:10,360 Speaker 1: paying with the card because he has like three different 90 00:04:10,360 --> 00:04:12,280 Speaker 1: types of alert set up. And so I thought that 91 00:04:12,320 --> 00:04:14,880 Speaker 1: was a good recommendation too for folks who do find 92 00:04:15,280 --> 00:04:18,560 Speaker 1: that they're spending on a credit card feels too easy 93 00:04:18,800 --> 00:04:21,600 Speaker 1: and that they're overspending by doing so, Yeah, maybe set 94 00:04:21,640 --> 00:04:23,880 Speaker 1: up multiple different alerts on your phone or like an 95 00:04:23,880 --> 00:04:26,120 Speaker 1: email alert so that you kind of go in your 96 00:04:26,160 --> 00:04:27,680 Speaker 1: inbox and you're like, dang it, yeah, that's right, I 97 00:04:27,680 --> 00:04:29,360 Speaker 1: gotta log that, um, and so that it feels a 98 00:04:29,400 --> 00:04:31,480 Speaker 1: little more tangible, a little more real. It's another way 99 00:04:31,520 --> 00:04:34,280 Speaker 1: that it registers that you actually made that purchase, as 100 00:04:34,279 --> 00:04:36,200 Speaker 1: opposed to because it's not more friction when you get 101 00:04:36,200 --> 00:04:39,320 Speaker 1: a text, it's just another notification. It's just another voice saying, hey, 102 00:04:39,600 --> 00:04:42,159 Speaker 1: you just spend some money. You feel it a little more. Yeah, 103 00:04:42,279 --> 00:04:44,800 Speaker 1: But what I would suggest to you though, regarding you said, 104 00:04:44,800 --> 00:04:46,760 Speaker 1: you're selling some stuff and you're saving up to buy 105 00:04:46,800 --> 00:04:48,839 Speaker 1: some some things once you'll get done with the home renovation. 106 00:04:49,000 --> 00:04:51,240 Speaker 1: I assume maybe some furniture, some things like that. Maybe 107 00:04:51,279 --> 00:04:53,760 Speaker 1: it like some rugs, rugs, definitely that kind of thing. 108 00:04:54,720 --> 00:04:56,720 Speaker 1: But I mean, if that was me, what I would do, 109 00:04:56,800 --> 00:04:59,280 Speaker 1: I would take that money. And obviously cash is fungible. 110 00:04:59,560 --> 00:05:01,760 Speaker 1: So let's say I got twohundred bucks sitting there, Well, 111 00:05:01,800 --> 00:05:04,039 Speaker 1: I'm gonna take that two hundred bucks, and I'm gonna say, 112 00:05:04,080 --> 00:05:06,480 Speaker 1: withdrawal twounter bucks from our grocery budget for that month, 113 00:05:06,600 --> 00:05:08,039 Speaker 1: and then use that cash to go to our our 114 00:05:08,080 --> 00:05:11,520 Speaker 1: grocery budget. And that two deduction from our grocery budget 115 00:05:11,520 --> 00:05:16,400 Speaker 1: then goes to a two addition to the furniture category 116 00:05:16,520 --> 00:05:18,240 Speaker 1: or the furniture bucket, whatever you want to call it, 117 00:05:18,440 --> 00:05:21,560 Speaker 1: depending on how you do your finances. But but yeah, 118 00:05:21,600 --> 00:05:23,080 Speaker 1: I mean, I guess I want to encourage folks the 119 00:05:23,160 --> 00:05:25,800 Speaker 1: nickel and diming of money in that way. I feel 120 00:05:25,839 --> 00:05:27,400 Speaker 1: it can be a way that you could see more 121 00:05:27,400 --> 00:05:30,440 Speaker 1: money leave your possession without you realizing it. Uh. And 122 00:05:30,480 --> 00:05:32,800 Speaker 1: so if you assign names to it, it's like no, no, no, 123 00:05:33,000 --> 00:05:35,880 Speaker 1: that money he has an assignments. You know, it's like, oh, 124 00:05:35,880 --> 00:05:38,400 Speaker 1: those dollars over there, those ladies, they're gonna, you know, 125 00:05:38,400 --> 00:05:41,560 Speaker 1: purchase us a new couch here pretty soon. Yeah, you 126 00:05:41,720 --> 00:05:43,840 Speaker 1: want to know where that money is supposed to go, 127 00:05:43,880 --> 00:05:45,640 Speaker 1: because if not, it'll leak like a sieve out of 128 00:05:45,680 --> 00:05:48,560 Speaker 1: your life. I like that. All right, let's keep moving 129 00:05:48,560 --> 00:05:50,600 Speaker 1: on that. Let's mention the beer that we're having on 130 00:05:50,640 --> 00:05:53,400 Speaker 1: this episode. This one is called Siberius Maximus. It's the 131 00:05:53,480 --> 00:05:56,880 Speaker 1: tenth anniversary brew by Wrecking Bar brew pub right down 132 00:05:56,920 --> 00:05:59,320 Speaker 1: the street from us. Of course, this is an Atlanta 133 00:05:59,360 --> 00:06:01,359 Speaker 1: themed episode. You had to have. Course, we had to 134 00:06:01,400 --> 00:06:03,960 Speaker 1: have a delicious Atlanta beer in Atlanta brew absolutely, and 135 00:06:04,000 --> 00:06:06,520 Speaker 1: this one in particular is a very special beer. I'm 136 00:06:06,520 --> 00:06:09,280 Speaker 1: looking forward to sharing this one with you and we'll 137 00:06:09,279 --> 00:06:11,120 Speaker 1: talk about it at the end of the show. Sounds good, man, 138 00:06:11,200 --> 00:06:13,960 Speaker 1: looking forward to it. But let's get into this, Mat. 139 00:06:14,040 --> 00:06:16,080 Speaker 1: Let's talk about a t L in money lessons um. 140 00:06:16,560 --> 00:06:19,400 Speaker 1: By the way, a t aliens. If folks don't know outcast, 141 00:06:19,560 --> 00:06:21,280 Speaker 1: you can look that up later. But that's why we 142 00:06:21,360 --> 00:06:25,360 Speaker 1: named this one ten even if you should know that. Yeah, Well, 143 00:06:25,400 --> 00:06:28,120 Speaker 1: and I think the interesting thing is Matt like we 144 00:06:28,160 --> 00:06:31,600 Speaker 1: can all learn lessons in unintended places, right. I feel 145 00:06:31,600 --> 00:06:33,720 Speaker 1: like there are always things around us, so we can 146 00:06:34,000 --> 00:06:35,600 Speaker 1: learn if we just kind of open our eyes a 147 00:06:35,640 --> 00:06:38,200 Speaker 1: little bit. Yeah, for instance, like going through the depths 148 00:06:38,240 --> 00:06:41,520 Speaker 1: of COVID insanity last year. You know, fall was even 149 00:06:41,760 --> 00:06:45,520 Speaker 1: currently currently like our writing, you know, our third graders 150 00:06:45,560 --> 00:06:49,000 Speaker 1: are home doing virtual learning because of positive delta variant 151 00:06:49,000 --> 00:06:52,279 Speaker 1: cases at school. And I'm just like, we aren't out 152 00:06:52,279 --> 00:06:53,760 Speaker 1: of the woods. I mean, we're still dealing with us 153 00:06:53,800 --> 00:06:55,960 Speaker 1: even though we're fully vaccinated and we're ready to move 154 00:06:55,960 --> 00:06:58,920 Speaker 1: on with life exactly. It's frustrating. But I remember distinctly 155 00:06:59,000 --> 00:07:02,480 Speaker 1: last fall, when things were tough and pretty much everything 156 00:07:02,520 --> 00:07:04,840 Speaker 1: had fallen off of my calendar. I was like, I 157 00:07:04,920 --> 00:07:07,280 Speaker 1: got a lot more free time. And I remember those days, 158 00:07:07,600 --> 00:07:11,040 Speaker 1: and uh, we didn't necessarily realize, or we wouldn't have 159 00:07:11,280 --> 00:07:14,200 Speaker 1: said that we thought we needed more family time together. 160 00:07:14,560 --> 00:07:17,880 Speaker 1: But as our normal rhythms kind of eroded away because 161 00:07:17,880 --> 00:07:20,680 Speaker 1: of coronavirus, I think we quickly learned the lesson that 162 00:07:21,040 --> 00:07:23,120 Speaker 1: actually we didn't need more time together, that it was 163 00:07:23,160 --> 00:07:25,600 Speaker 1: a positive thing for our family. Um, But it was 164 00:07:25,640 --> 00:07:27,520 Speaker 1: a lesson that we didn't know that we needed to learn. 165 00:07:27,760 --> 00:07:30,080 Speaker 1: And I would say similarly, since we're on episode four 166 00:07:30,160 --> 00:07:32,080 Speaker 1: or four, and since, like you said, that's the area 167 00:07:32,120 --> 00:07:34,480 Speaker 1: code of our home city, today is the perfect time 168 00:07:34,480 --> 00:07:36,360 Speaker 1: for us to talk about some money lessons that we 169 00:07:36,400 --> 00:07:39,160 Speaker 1: associate with our hometown, kind of pull out some of 170 00:07:39,160 --> 00:07:43,280 Speaker 1: those historical and cultural nuggets from you know, the coolest 171 00:07:43,280 --> 00:07:45,640 Speaker 1: city in the South, let's be honest, Sorry, Birmingham take 172 00:07:45,640 --> 00:07:48,160 Speaker 1: a back seat, or even Miami. Well, Miami is not 173 00:07:48,200 --> 00:07:51,120 Speaker 1: the South, it's Florida. Yeah, that's a completely different beast. 174 00:07:51,160 --> 00:07:53,400 Speaker 1: So Atlanta definitely the coolest city in the South. Different country. 175 00:07:53,440 --> 00:07:55,400 Speaker 1: And there's some helpful stuff we're gonna talk about today 176 00:07:55,600 --> 00:07:57,640 Speaker 1: that are all about the four or four Yeah. Actually, 177 00:07:57,640 --> 00:07:58,880 Speaker 1: I don't even know if you can get four or 178 00:07:58,880 --> 00:08:01,240 Speaker 1: four numbers anymore. I think they ran actually ran out, 179 00:08:01,280 --> 00:08:02,600 Speaker 1: I think so. I think that's why I had to 180 00:08:02,640 --> 00:08:05,000 Speaker 1: settle for six, seven, eight years and years ago. Yeah, 181 00:08:05,040 --> 00:08:07,200 Speaker 1: that's crazy. Uh, you know, this kind of actually makes 182 00:08:07,200 --> 00:08:08,720 Speaker 1: me think back to when I first went off to 183 00:08:08,800 --> 00:08:11,480 Speaker 1: be a summer camp counselor during my summers off in college. 184 00:08:11,480 --> 00:08:14,320 Speaker 1: You kind of mentioned learning lessons and unintended places, and 185 00:08:14,320 --> 00:08:16,480 Speaker 1: so one of the main reasons I went off to, uh, 186 00:08:16,520 --> 00:08:19,160 Speaker 1: you know, work as a camp counselor at a boys adventure, 187 00:08:19,360 --> 00:08:21,559 Speaker 1: you know, summer camp. First of all, my buddy Jeff 188 00:08:21,600 --> 00:08:24,040 Speaker 1: was like, Hey, you need to go work there because 189 00:08:24,080 --> 00:08:25,400 Speaker 1: it'll be a lot of fun. And I was like, 190 00:08:25,440 --> 00:08:27,800 Speaker 1: all right, that sounds like I'm down with that. And 191 00:08:27,840 --> 00:08:29,720 Speaker 1: also to to make a little bit of money, a 192 00:08:29,800 --> 00:08:32,920 Speaker 1: very small small amount of money. Camp counselors aren't rolling 193 00:08:32,920 --> 00:08:35,640 Speaker 1: in the down absolutely not. But one of the other 194 00:08:35,720 --> 00:08:38,200 Speaker 1: lessons I absolutely learned, and it just stood out to 195 00:08:38,240 --> 00:08:40,400 Speaker 1: me how much of this I was doing was the 196 00:08:40,440 --> 00:08:43,560 Speaker 1: ability to learn how to teach and connect with kids. 197 00:08:43,679 --> 00:08:46,800 Speaker 1: Up until that point, I hadn't really worked much with youth. 198 00:08:47,559 --> 00:08:49,280 Speaker 1: I mean, I grant I was in college at that point, 199 00:08:49,679 --> 00:08:51,600 Speaker 1: barely even in college as well, so I wasn't all 200 00:08:51,600 --> 00:08:54,200 Speaker 1: that old myself. But even still working with you know, 201 00:08:54,240 --> 00:08:57,800 Speaker 1: six to sixteen year old boys specifically and being outside 202 00:08:57,840 --> 00:09:00,360 Speaker 1: and hiking and teaching them how to survive, if you know, 203 00:09:00,360 --> 00:09:02,720 Speaker 1: when you go camping and different things like that, not 204 00:09:02,760 --> 00:09:04,800 Speaker 1: only was I learning a ton about the outdoors, but 205 00:09:04,920 --> 00:09:08,040 Speaker 1: I was learning how to communicate, how to teach children, 206 00:09:08,280 --> 00:09:10,760 Speaker 1: how to work with kids, And that wasn't something that 207 00:09:10,880 --> 00:09:12,640 Speaker 1: I thought I was going to learn. I remember at 208 00:09:12,640 --> 00:09:15,120 Speaker 1: the time writing at one point saying, you know, I 209 00:09:15,120 --> 00:09:18,360 Speaker 1: think I'm ready to have kids. I'm like twenty two 210 00:09:18,400 --> 00:09:20,599 Speaker 1: years old or something like that, and I think I 211 00:09:20,640 --> 00:09:24,000 Speaker 1: remember my dad's less daunting to you after after that, man. Yeah, 212 00:09:24,000 --> 00:09:29,440 Speaker 1: And obviously that was a very juvenile statement. It's a state. Uh, 213 00:09:29,480 --> 00:09:32,640 Speaker 1: there's a lot more that goes into raising kids than 214 00:09:32,720 --> 00:09:34,680 Speaker 1: just being able to entertain them, you know, for a 215 00:09:34,679 --> 00:09:37,680 Speaker 1: couple of weeks over the summer. But this is again 216 00:09:37,679 --> 00:09:39,400 Speaker 1: what we're gonna be doing today, and we're gonna discuss 217 00:09:39,440 --> 00:09:41,959 Speaker 1: some of these different personal finance lessons. Uh. And they're 218 00:09:41,960 --> 00:09:45,120 Speaker 1: gonna come to us in these historical events. They're gonna 219 00:09:45,120 --> 00:09:48,520 Speaker 1: come packaged in history, but they're certainly applicable to our 220 00:09:48,520 --> 00:09:51,480 Speaker 1: personal finances. We definitely do love our city and you'll 221 00:09:51,520 --> 00:09:54,000 Speaker 1: hear why during this episode, but you also learn some 222 00:09:54,080 --> 00:09:56,880 Speaker 1: important financial lessons. Yeah. So all right, let's get to 223 00:09:57,400 --> 00:10:00,560 Speaker 1: one of the most famous historic things it's ever happened 224 00:10:00,559 --> 00:10:03,760 Speaker 1: to our city, and that was in eighteen sixty four 225 00:10:03,760 --> 00:10:06,400 Speaker 1: when General Sherman. Let's start Atlanta to the ground. Let's 226 00:10:06,400 --> 00:10:08,600 Speaker 1: start at the beginning. It's it's started like one of 227 00:10:08,640 --> 00:10:11,679 Speaker 1: the most saddest moments in Atlanta history. Right, more than 228 00:10:11,760 --> 00:10:14,680 Speaker 1: like three thousand buildings were destroyed when that happened. And 229 00:10:15,040 --> 00:10:18,440 Speaker 1: this was only General Sherman's first destructive stop as he 230 00:10:18,480 --> 00:10:20,760 Speaker 1: began his famous March to the sea, right, and that 231 00:10:20,840 --> 00:10:23,720 Speaker 1: led him and his troops all the way to Savannah, 232 00:10:23,760 --> 00:10:27,080 Speaker 1: which is like three and a half hour drive from here. 233 00:10:27,080 --> 00:10:29,960 Speaker 1: So that's a long march, right. But this awful event 234 00:10:30,360 --> 00:10:34,319 Speaker 1: for anyone living near the destruction really actually kind of 235 00:10:34,400 --> 00:10:36,880 Speaker 1: led to a renaissance of sorts in Atlanta is actually 236 00:10:36,960 --> 00:10:39,480 Speaker 1: like forever kind of tied to the bird, the Phoenix. 237 00:10:39,720 --> 00:10:42,960 Speaker 1: It's kind of like uficial mascot. Yeah, it's like on 238 00:10:43,000 --> 00:10:46,120 Speaker 1: all of the government buildings, like it's on the letter 239 00:10:46,120 --> 00:10:48,000 Speaker 1: head all that kind of Yeah. And and and that's really 240 00:10:48,040 --> 00:10:51,200 Speaker 1: because like our city rose from the ashes after this 241 00:10:51,280 --> 00:10:55,920 Speaker 1: burning to rebuild um and to retain relevance in our country. 242 00:10:56,120 --> 00:10:58,920 Speaker 1: And so yeah, the first a T L Financial leson 243 00:10:58,960 --> 00:11:01,320 Speaker 1: that we're gonna cover today is that no matter how 244 00:11:01,400 --> 00:11:04,960 Speaker 1: bad the devastation is, you can always recover, just like 245 00:11:05,040 --> 00:11:07,839 Speaker 1: it landed did in the d That's true. Yes, it's 246 00:11:07,840 --> 00:11:10,000 Speaker 1: never so bad that you can't find a way to rebuild. 247 00:11:10,200 --> 00:11:13,520 Speaker 1: Another takeaway from this defining historic moment is that being 248 00:11:13,679 --> 00:11:17,400 Speaker 1: properly insured it's crucial. We talked in depth about insurance 249 00:11:17,400 --> 00:11:20,280 Speaker 1: products that folks should really consider getting back an episode 250 00:11:20,520 --> 00:11:22,960 Speaker 1: two thirty three will link to that in our show notes. 251 00:11:23,040 --> 00:11:26,760 Speaker 1: But not having the right kind of insurance when terrible 252 00:11:26,760 --> 00:11:29,840 Speaker 1: things happen, when the disastrous strikes, can turn a hardship 253 00:11:29,960 --> 00:11:33,800 Speaker 1: into tragedy. And so whether that's having just the proper 254 00:11:33,840 --> 00:11:36,520 Speaker 1: health coverage and getting life insurance or making sure that 255 00:11:36,559 --> 00:11:39,080 Speaker 1: you've got renters insurance if you don't own the place 256 00:11:39,080 --> 00:11:41,400 Speaker 1: where you're living. So again, we want to encourage folks 257 00:11:41,440 --> 00:11:43,680 Speaker 1: that you can always rebuild. And sometimes, man, I think 258 00:11:43,720 --> 00:11:46,120 Speaker 1: when you find yourself in a massive hole of debt 259 00:11:46,160 --> 00:11:48,360 Speaker 1: and it only seems like you're digging yourself deeper and 260 00:11:48,400 --> 00:11:51,080 Speaker 1: deeper sometimes, and we don't talk about this often, but 261 00:11:51,160 --> 00:11:55,320 Speaker 1: sometimes bankruptcy could be the best path moving forward. Sometimes 262 00:11:55,320 --> 00:11:58,280 Speaker 1: it takes essentially burning your financial world down to the 263 00:11:58,320 --> 00:12:00,760 Speaker 1: ground in order to to kind of start fresh and 264 00:12:00,840 --> 00:12:03,040 Speaker 1: move forward. And so again that's that's something we often 265 00:12:03,080 --> 00:12:06,760 Speaker 1: talk about. But given your circumstances, that might be the 266 00:12:06,880 --> 00:12:08,720 Speaker 1: right option for you. Again, before you just pull the 267 00:12:08,720 --> 00:12:10,240 Speaker 1: trigger on that you're gonna want to talk to a 268 00:12:10,320 --> 00:12:13,240 Speaker 1: not for profit debt counselor you know, we we've talked 269 00:12:13,240 --> 00:12:16,560 Speaker 1: to people that work for like the National Foundation for 270 00:12:16,600 --> 00:12:20,439 Speaker 1: Credit Counseling or Money Management International on on the show before. 271 00:12:20,600 --> 00:12:22,480 Speaker 1: We'll link to those in the show notes. But yeah, 272 00:12:22,640 --> 00:12:24,800 Speaker 1: like get some counseling. And in fact, Matt, like, my 273 00:12:24,840 --> 00:12:27,120 Speaker 1: parents declared bankruptcy when I was a kid, and their 274 00:12:27,160 --> 00:12:29,720 Speaker 1: financial situation is great now, and like that was an 275 00:12:30,000 --> 00:12:33,040 Speaker 1: almost traumatizing experience, Like that was a really difficult time 276 00:12:33,120 --> 00:12:35,520 Speaker 1: in our family's life. But it just goes to show 277 00:12:35,559 --> 00:12:38,040 Speaker 1: that no matter you know, how bad things are, you 278 00:12:38,080 --> 00:12:40,280 Speaker 1: can rebuild. Um. So I think that is an important lesson. 279 00:12:40,360 --> 00:12:45,040 Speaker 1: Let's get to another just exactly and now we're kicking butt, 280 00:12:45,400 --> 00:12:47,840 Speaker 1: uh and so let's get to you. Yeah, just another 281 00:12:47,960 --> 00:12:50,840 Speaker 1: another money lesson from the A t. L is And 282 00:12:50,920 --> 00:12:53,800 Speaker 1: this one is time is valuable. Right. The commute times 283 00:12:53,840 --> 00:12:57,000 Speaker 1: here in Atlanta are notoriously terrible. There some of the 284 00:12:57,040 --> 00:13:00,240 Speaker 1: worst in the country. We actually rank sixth in the 285 00:13:00,280 --> 00:13:02,800 Speaker 1: worst commutes around the country, and the average commute time 286 00:13:02,880 --> 00:13:05,240 Speaker 1: is about thirty two minutes. You know, most people don't 287 00:13:05,280 --> 00:13:08,520 Speaker 1: factor that god awful commute into their decision making, or 288 00:13:08,520 --> 00:13:10,160 Speaker 1: at least not nearly as much as they should. Right, 289 00:13:10,280 --> 00:13:12,400 Speaker 1: And we're not just talking about the cost of commuting. 290 00:13:12,440 --> 00:13:15,079 Speaker 1: The car, the gas, the insurance, like, those are all 291 00:13:15,120 --> 00:13:17,800 Speaker 1: factors that you need to take into account, especially if 292 00:13:17,800 --> 00:13:20,160 Speaker 1: you're like, yeah, I'll take that higher paying job that 293 00:13:20,320 --> 00:13:22,840 Speaker 1: is going to involve an extra thirty minute commute. It's 294 00:13:22,840 --> 00:13:25,240 Speaker 1: gonna involve you know, more aware and tear on my car, 295 00:13:25,360 --> 00:13:28,199 Speaker 1: more gas. Uh. Well, we'd obviously love for you to 296 00:13:28,240 --> 00:13:30,920 Speaker 1: find cheaper ways to commute, but the biggest thing actually 297 00:13:30,960 --> 00:13:34,840 Speaker 1: worth considering is how much time that commuting rips out 298 00:13:34,840 --> 00:13:37,840 Speaker 1: of your life. So yeah, that's the one lesson we 299 00:13:37,840 --> 00:13:40,120 Speaker 1: can learn from looking around at our city. So many 300 00:13:40,120 --> 00:13:42,640 Speaker 1: people stuck in their cars, and it turns out that 301 00:13:42,720 --> 00:13:45,920 Speaker 1: many of them are wasting the most precious resource. It's 302 00:13:45,920 --> 00:13:48,560 Speaker 1: not money, it's their their time that they're spending stuck 303 00:13:48,600 --> 00:13:50,680 Speaker 1: in the car more than they should be. Let's right. Yeah, 304 00:13:50,679 --> 00:13:53,320 Speaker 1: Oftentimes folks will say time is money, and in some 305 00:13:53,400 --> 00:13:57,240 Speaker 1: cases that's true, but actually time is more valuable than 306 00:13:57,280 --> 00:13:59,959 Speaker 1: money because you can always earn more money down the road, 307 00:14:00,320 --> 00:14:02,760 Speaker 1: but time in once those minutes, once those hours are gone, 308 00:14:02,800 --> 00:14:05,920 Speaker 1: you cannot get those back, And so we want folks 309 00:14:05,920 --> 00:14:09,040 Speaker 1: to consider more than just how much house they can afford, right, 310 00:14:09,080 --> 00:14:12,040 Speaker 1: and so like we're talking about like picturing somebody who's 311 00:14:12,040 --> 00:14:14,320 Speaker 1: thinking about purchasing a home out in the burbs, because 312 00:14:14,360 --> 00:14:16,600 Speaker 1: you know, the further you move out of the major city, 313 00:14:16,800 --> 00:14:19,720 Speaker 1: oftentimes the more prices will drop per square foot on average. 314 00:14:20,080 --> 00:14:21,960 Speaker 1: So you can get a really big house in the 315 00:14:22,120 --> 00:14:24,360 Speaker 1: excerpts of Atlanta, for you know, the price of a 316 00:14:24,480 --> 00:14:27,200 Speaker 1: much smaller home that would keep you closer to your job. 317 00:14:27,640 --> 00:14:30,160 Speaker 1: But do this first, consider the amount of time that 318 00:14:30,200 --> 00:14:32,920 Speaker 1: you spend in a vehicle getting to and front work 319 00:14:33,320 --> 00:14:35,320 Speaker 1: and jump man not just work too, but to and 320 00:14:35,320 --> 00:14:38,240 Speaker 1: from friends, uh, like the store, you'd go to other 321 00:14:38,240 --> 00:14:40,760 Speaker 1: places that you like to visit. You might find that 322 00:14:40,800 --> 00:14:43,880 Speaker 1: there is a serious amount of time that's gonna come 323 00:14:43,880 --> 00:14:45,640 Speaker 1: out of your life that you're gonna spend in the car. 324 00:14:45,960 --> 00:14:47,600 Speaker 1: So we would encourage folks to strive to live in 325 00:14:47,600 --> 00:14:49,640 Speaker 1: a place where you're not going to be stuck in 326 00:14:49,760 --> 00:14:52,440 Speaker 1: heaps of traffic every day. Give meets a really stressful 327 00:14:52,440 --> 00:14:54,040 Speaker 1: and they can take a toll on your mental health, 328 00:14:54,360 --> 00:14:57,160 Speaker 1: you know. Or here's another alternative. At least consider car pooling. 329 00:14:57,480 --> 00:14:59,600 Speaker 1: That might be a way that you can reclaim some time. 330 00:14:59,640 --> 00:15:02,280 Speaker 1: If you're wapping with somebody taking over the duties of 331 00:15:02,360 --> 00:15:04,480 Speaker 1: driving to work every day, oh they're driving, you can 332 00:15:04,520 --> 00:15:06,320 Speaker 1: be working or at least, you know, reading a book 333 00:15:06,360 --> 00:15:09,480 Speaker 1: being somewhat productive, popping the headphones, close your eyes and 334 00:15:09,520 --> 00:15:12,040 Speaker 1: listen to a podcast. Uh. I think a lot of 335 00:15:12,040 --> 00:15:13,920 Speaker 1: folks do. They might have no commune at the moment, 336 00:15:13,920 --> 00:15:16,960 Speaker 1: because if you are working from home, uh. And if so, 337 00:15:17,000 --> 00:15:19,080 Speaker 1: then that's great. But to anyone who is starting to 338 00:15:19,120 --> 00:15:21,240 Speaker 1: commute back to their job, look for a way to 339 00:15:21,240 --> 00:15:24,360 Speaker 1: pursue full time working from home or to get closer 340 00:15:24,480 --> 00:15:27,160 Speaker 1: to your job. So I think another takeaway when it 341 00:15:27,200 --> 00:15:30,240 Speaker 1: comes to thinking about traffic here in Atlanta too, is 342 00:15:30,280 --> 00:15:32,320 Speaker 1: just the hidden costs of everything. This is sort of 343 00:15:32,320 --> 00:15:35,360 Speaker 1: a topic we've touched on before, but everything every action 344 00:15:35,440 --> 00:15:37,880 Speaker 1: we take, whether it be an expense or something we 345 00:15:37,960 --> 00:15:41,840 Speaker 1: choose to do, oftentimes they're hidden costs associated with them. 346 00:15:41,880 --> 00:15:45,520 Speaker 1: And not only are there hard monetary costs, but it 347 00:15:45,520 --> 00:15:47,400 Speaker 1: can be a drain on your time as well. Yeah, 348 00:15:47,520 --> 00:15:49,680 Speaker 1: no doubt. And yeah, I think one other thing when 349 00:15:49,680 --> 00:15:53,560 Speaker 1: we're talking about traffic. The solution that we've always looked 350 00:15:53,560 --> 00:15:56,160 Speaker 1: to in Atlanta and sadly so is you just pour 351 00:15:56,240 --> 00:15:59,840 Speaker 1: more asphalt right to create more lanes of traffic. And 352 00:16:00,200 --> 00:16:02,400 Speaker 1: it's interesting, like when you look at studies, adding more 353 00:16:02,480 --> 00:16:05,960 Speaker 1: lanes doesn't actually really ever fix the problem. Um and 354 00:16:06,000 --> 00:16:08,760 Speaker 1: at best it's an incredibly short term solution. Well, what 355 00:16:08,880 --> 00:16:10,880 Speaker 1: it does it encourages more people to I mean the 356 00:16:10,880 --> 00:16:12,960 Speaker 1: study showing that more. Like you put another lane down 357 00:16:13,080 --> 00:16:15,480 Speaker 1: and uh, people like, yeah, all right, I'm gonna drive 358 00:16:15,520 --> 00:16:18,640 Speaker 1: some more. The amount of cars that take that route increases. Yeah, 359 00:16:18,680 --> 00:16:20,880 Speaker 1: and so yeah, quickly we're back to the same problem 360 00:16:20,960 --> 00:16:23,960 Speaker 1: that we had before, which is just clogged roadways. But yeah, 361 00:16:24,000 --> 00:16:26,920 Speaker 1: the belt line is actually the hottest word associated with 362 00:16:27,000 --> 00:16:29,560 Speaker 1: Atlanta right now. It's changing the face of our city 363 00:16:29,600 --> 00:16:32,280 Speaker 1: and it's it's really doing so really quickly. It's this 364 00:16:32,360 --> 00:16:36,280 Speaker 1: glorified giant sidewalk that's making basically connecting all of in 365 00:16:36,320 --> 00:16:38,960 Speaker 1: town Atlanta, and it's making it just so much easier 366 00:16:39,000 --> 00:16:41,800 Speaker 1: to commute in an alternative way if if you live 367 00:16:41,840 --> 00:16:44,120 Speaker 1: and work in town. So that's one of those things 368 00:16:44,160 --> 00:16:47,160 Speaker 1: where it sometimes it takes a creative solution instead of 369 00:16:47,200 --> 00:16:49,840 Speaker 1: the obvious one. It takes thinking outside of the box. 370 00:16:49,880 --> 00:16:52,320 Speaker 1: And not just doing what we've always done. And I 371 00:16:52,320 --> 00:16:54,680 Speaker 1: think when it comes to our finances, sometimes we just 372 00:16:54,760 --> 00:16:57,920 Speaker 1: keep repeating, we keep making the same mistakes over and 373 00:16:57,920 --> 00:17:00,280 Speaker 1: over again, we keep doing things the way we've always 374 00:17:00,320 --> 00:17:03,280 Speaker 1: done them, and instead maybe it's time to try something different. Um. 375 00:17:03,320 --> 00:17:05,199 Speaker 1: And Yeah, for instance, when it comes to Atlanta at 376 00:17:05,240 --> 00:17:07,920 Speaker 1: the belt Line, I've seen so many more bite commuters 377 00:17:08,200 --> 00:17:10,800 Speaker 1: in our town because of it. Like, it really is 378 00:17:10,840 --> 00:17:13,720 Speaker 1: making a big difference in how people feel about living 379 00:17:13,760 --> 00:17:16,240 Speaker 1: in the city and how people are able to navigate it. 380 00:17:16,440 --> 00:17:18,240 Speaker 1: So I think it's important to note that sometimes it 381 00:17:18,280 --> 00:17:21,199 Speaker 1: takes thinking just a little bit differently in order to 382 00:17:21,800 --> 00:17:24,280 Speaker 1: get the most beneficial results. Yeah, and so like it 383 00:17:24,320 --> 00:17:26,440 Speaker 1: makes me think of expenses, right, and so if you're thinking, 384 00:17:26,440 --> 00:17:29,400 Speaker 1: all right, I gotta cut my expenses, you can. Yeah, 385 00:17:29,480 --> 00:17:31,320 Speaker 1: you can tighten the belt and try to reduce the 386 00:17:31,359 --> 00:17:33,720 Speaker 1: amount that you're spending out at the grocery store every month. 387 00:17:34,200 --> 00:17:37,200 Speaker 1: Maybe you've set that budget amount to an unrealistic number, 388 00:17:37,320 --> 00:17:39,240 Speaker 1: because in the end, you still have to go and 389 00:17:39,280 --> 00:17:42,000 Speaker 1: buy groceries because you have to eat in order to survive. Right, 390 00:17:42,160 --> 00:17:44,240 Speaker 1: But maybe a more effective creative solution would be to 391 00:17:44,680 --> 00:17:46,800 Speaker 1: get a roommate, Like, that's not something that I think. 392 00:17:46,800 --> 00:17:48,919 Speaker 1: Oftentimes people think, Okay, this is a way I can 393 00:17:48,960 --> 00:17:52,400 Speaker 1: cut my expenses, but that is a way to effectively 394 00:17:52,440 --> 00:17:55,080 Speaker 1: reduce the amount of money that you're spending every single month, 395 00:17:55,720 --> 00:17:57,280 Speaker 1: or even like, when it comes to earning more money, 396 00:17:57,320 --> 00:17:59,200 Speaker 1: it makes me think about somebody who's like, Okay, maybe 397 00:17:59,200 --> 00:18:01,520 Speaker 1: I'm gonna work a little bit overtime, I'm on clock 398 00:18:01,600 --> 00:18:04,119 Speaker 1: some more hours, when instead, I think the more creative 399 00:18:04,160 --> 00:18:07,720 Speaker 1: solution that could lead to better results would be entrepreneurship. 400 00:18:07,760 --> 00:18:10,440 Speaker 1: Think through what it is that really gets you excited 401 00:18:10,480 --> 00:18:12,720 Speaker 1: if you are in a job that you don't necessarily love. 402 00:18:12,840 --> 00:18:15,119 Speaker 1: Instead of continuing just to work a little bit longer 403 00:18:15,200 --> 00:18:17,720 Speaker 1: or working harder at your current nine to five, look 404 00:18:17,720 --> 00:18:20,000 Speaker 1: at some of these other ways that you can generate 405 00:18:20,040 --> 00:18:23,240 Speaker 1: some income. Yeah, it's amazing how sometimes just a simple 406 00:18:23,440 --> 00:18:27,920 Speaker 1: shift in mindset can really change our outlook on the problem, 407 00:18:27,960 --> 00:18:30,119 Speaker 1: and a little bit of creativity thrown into your personal 408 00:18:30,119 --> 00:18:32,200 Speaker 1: finances can go a long way. That's right. Well, We've 409 00:18:32,240 --> 00:18:34,679 Speaker 1: got yeah, some more tips to get to based on 410 00:18:34,960 --> 00:18:37,040 Speaker 1: our favorite city, our hometown. They we're gonna talk about 411 00:18:37,080 --> 00:18:39,240 Speaker 1: Jimmy Carter. We're gonna talk about the braves. All of 412 00:18:39,240 --> 00:18:40,760 Speaker 1: our I feel like all of our favorite tips are 413 00:18:41,160 --> 00:18:43,280 Speaker 1: later in the episode. Yeah, alright, so we get to 414 00:18:43,359 --> 00:18:54,840 Speaker 1: all those right after this. Alright, we're back and we're 415 00:18:54,840 --> 00:18:57,720 Speaker 1: talking about different A t Alien money lessons that we 416 00:18:57,760 --> 00:19:00,560 Speaker 1: can learn from our city and Joe. You know, compared 417 00:19:00,600 --> 00:19:04,000 Speaker 1: to a lot of other large metropolitan cities across the country, 418 00:19:04,280 --> 00:19:07,080 Speaker 1: Atlanta is surprisingly affordable for what it has to offer. 419 00:19:07,119 --> 00:19:09,800 Speaker 1: We've got sixteen fortunate five foundry companies based here. I 420 00:19:09,840 --> 00:19:12,360 Speaker 1: didn't know if you knew that, a little little braggadocious 421 00:19:13,000 --> 00:19:15,280 Speaker 1: big business. Which which one is the top earning? My 422 00:19:15,320 --> 00:19:16,959 Speaker 1: guest is home DEEPO, But I'm not sure it's got 423 00:19:17,040 --> 00:19:19,080 Speaker 1: to be. It's probably not Coke. I mean, Coke's huge, 424 00:19:19,320 --> 00:19:20,879 Speaker 1: but I don't think they're making as much money as 425 00:19:20,880 --> 00:19:23,480 Speaker 1: from deepots been crushing. It's probably not doubts either, because 426 00:19:23,520 --> 00:19:25,119 Speaker 1: they're I feel like they've been hurting. I feel like 427 00:19:25,119 --> 00:19:29,879 Speaker 1: airlines have slim margins regardless. The cost of living in 428 00:19:29,920 --> 00:19:34,080 Speaker 1: Atlanta is roughly lower than it is in New York City, 429 00:19:34,440 --> 00:19:37,119 Speaker 1: in fifteen percent less than it is in Chicago. But 430 00:19:37,200 --> 00:19:40,639 Speaker 1: even still, opportunity abounds here in the A t L. 431 00:19:41,200 --> 00:19:44,080 Speaker 1: The best opportunities aren't always in the biggest cities like 432 00:19:44,080 --> 00:19:46,360 Speaker 1: San Francisco and New York City. And plus there are 433 00:19:46,400 --> 00:19:48,879 Speaker 1: the added difficulties of moving to a high cost of 434 00:19:48,920 --> 00:19:51,960 Speaker 1: living area. Even by earning more, you might still be 435 00:19:52,000 --> 00:19:55,080 Speaker 1: getting like the short end of the stick, basically compared 436 00:19:55,119 --> 00:19:57,080 Speaker 1: to the lifestyle that you could afford in other parts 437 00:19:57,080 --> 00:19:59,240 Speaker 1: of the country in a in a lower cost of 438 00:19:59,320 --> 00:20:02,159 Speaker 1: living area with the more reasonable salary. Yeah. Man, I 439 00:20:02,200 --> 00:20:05,560 Speaker 1: remember talking to somebody recently and they moved to l 440 00:20:05,600 --> 00:20:08,440 Speaker 1: a um for they got a substantial race to move 441 00:20:08,480 --> 00:20:10,639 Speaker 1: out there. But I was like, I don't know. I 442 00:20:10,680 --> 00:20:12,000 Speaker 1: was just thinking to myself, when it comes to the 443 00:20:12,000 --> 00:20:14,879 Speaker 1: cost of living out there, my guess is he's not 444 00:20:14,880 --> 00:20:17,080 Speaker 1: gonna be able to up his lifestyle very much at all. 445 00:20:17,080 --> 00:20:20,560 Speaker 1: Like he's really, uh, he's making more of a lateral 446 00:20:20,600 --> 00:20:23,800 Speaker 1: move in terms of like income to expense ratio um. 447 00:20:23,840 --> 00:20:26,080 Speaker 1: And so it is important to think about that. Atlanta 448 00:20:26,160 --> 00:20:28,760 Speaker 1: is one of those places where there's a ton of opportunity, 449 00:20:29,040 --> 00:20:31,399 Speaker 1: but the costs are lower. Like you said, so you 450 00:20:31,400 --> 00:20:32,560 Speaker 1: get a lot of bang for your back here and 451 00:20:32,560 --> 00:20:34,480 Speaker 1: then yeah, you do, you do? And so yeah, I 452 00:20:34,520 --> 00:20:36,919 Speaker 1: mean I feel like, uh, part of the reason for 453 00:20:36,920 --> 00:20:38,560 Speaker 1: this episode is to convince our listeners to move to 454 00:20:38,600 --> 00:20:40,280 Speaker 1: Atlanta because it's that wonderful and it's going to save 455 00:20:40,280 --> 00:20:42,919 Speaker 1: you money. But anually close to us exactly, Yeah, we 456 00:20:42,920 --> 00:20:45,119 Speaker 1: can hang out whatever you want to go get beers 457 00:20:45,560 --> 00:20:47,880 Speaker 1: and yeah, I think the other lesson from this too 458 00:20:48,040 --> 00:20:49,879 Speaker 1: is to not just go with the name brand. Right. 459 00:20:50,160 --> 00:20:52,800 Speaker 1: I think people just assume that the highest paying jobs, 460 00:20:52,840 --> 00:20:55,040 Speaker 1: the best quality of life is going to be found 461 00:20:55,119 --> 00:20:57,280 Speaker 1: in some of the you know, top five cities in 462 00:20:57,280 --> 00:21:00,879 Speaker 1: the US. But yeah, when we're talking about something on 463 00:21:00,880 --> 00:21:03,800 Speaker 1: a smaller scale, take a little deeper, right, Is it 464 00:21:03,880 --> 00:21:06,600 Speaker 1: the name brand always the right move? I mean, sometimes 465 00:21:06,880 --> 00:21:10,080 Speaker 1: it is clearly better, or there's a better warranty associated 466 00:21:10,119 --> 00:21:13,240 Speaker 1: with it, um or it's just more long lasting, like 467 00:21:13,280 --> 00:21:14,879 Speaker 1: when if you buy that product, you're gonna use it 468 00:21:14,880 --> 00:21:17,680 Speaker 1: for ten years as opposed to but yeah, will the 469 00:21:17,800 --> 00:21:21,600 Speaker 1: store brain equivalent suffice instead? Will you know a cheaper 470 00:21:21,640 --> 00:21:24,440 Speaker 1: alternative be better for you? Um? I think yeah, I 471 00:21:24,480 --> 00:21:26,119 Speaker 1: don't know. That's how I think about that. It's not 472 00:21:26,160 --> 00:21:28,919 Speaker 1: always the most expensive thing. That is, you know, the 473 00:21:29,000 --> 00:21:31,920 Speaker 1: right move, and so doing your research, doing your due 474 00:21:31,920 --> 00:21:35,679 Speaker 1: diligence can help you potentially save money by buying a 475 00:21:35,680 --> 00:21:38,280 Speaker 1: product that that's actually better for you the cost less. Yeah, 476 00:21:38,280 --> 00:21:41,359 Speaker 1: when it comes to diapers, Atlanta as Aldi in New 477 00:21:41,440 --> 00:21:45,000 Speaker 1: York City is Huggies. We talked easily about just the 478 00:21:45,119 --> 00:21:47,679 Speaker 1: rising price of diapers, and I mean Aldi is one 479 00:21:47,720 --> 00:21:50,760 Speaker 1: of those low cost stores. I mean, anybody listening to 480 00:21:50,760 --> 00:21:52,280 Speaker 1: the show for any length of time know that you 481 00:21:52,320 --> 00:21:55,360 Speaker 1: and I we love Aldi, we love Legle, we love Costco, 482 00:21:55,560 --> 00:21:57,639 Speaker 1: and we have the opportunity to buy diapers that are 483 00:21:57,680 --> 00:22:00,600 Speaker 1: sometimes half the cost of what some the name brand 484 00:22:00,600 --> 00:22:03,040 Speaker 1: competitors are are going for. And so when you're able 485 00:22:03,080 --> 00:22:05,520 Speaker 1: to get the job done, but you're able to spend 486 00:22:05,640 --> 00:22:08,160 Speaker 1: a lot less money, we would definitely recommend for folks 487 00:22:08,160 --> 00:22:10,560 Speaker 1: to do that instead. And what an important job those 488 00:22:10,600 --> 00:22:15,560 Speaker 1: diapers are doing. Matt, let's talk about how Atlanta, how 489 00:22:15,640 --> 00:22:19,520 Speaker 1: it's this giant melting pot. Man diversity is almost like 490 00:22:19,560 --> 00:22:22,040 Speaker 1: Atlanta's calling card, I feel like, and it provides a 491 00:22:22,080 --> 00:22:24,800 Speaker 1: lot of incredibly beautiful things to enjoy around the city. 492 00:22:25,160 --> 00:22:27,640 Speaker 1: Uh Like, I'm thinking about the art, the food. Both 493 00:22:27,680 --> 00:22:30,600 Speaker 1: of those scenes are incredible here. The music scene runs 494 00:22:30,600 --> 00:22:32,879 Speaker 1: the gamut to whatever kind of music you're into. There's 495 00:22:32,920 --> 00:22:34,679 Speaker 1: like a club or a place for you to go 496 00:22:34,760 --> 00:22:37,200 Speaker 1: check that stuff out. There's like my favorite blues joint 497 00:22:37,400 --> 00:22:39,960 Speaker 1: is like just off Northside Dry But then there's like 498 00:22:40,680 --> 00:22:42,800 Speaker 1: all sorts of other kinds of interesting tunes that have 499 00:22:42,840 --> 00:22:45,440 Speaker 1: come out of Atlanta, specifically Northside Tavern. Is it still running? 500 00:22:45,520 --> 00:22:49,040 Speaker 1: I hope so I been there a while. Uh so 501 00:22:49,080 --> 00:22:50,480 Speaker 1: I'm thinking of food there too. Like one of the 502 00:22:50,520 --> 00:22:53,600 Speaker 1: best diverse spots in Atlanta when it comes to food 503 00:22:53,640 --> 00:22:55,679 Speaker 1: is Buford Highway. It's been called like one of the 504 00:22:55,720 --> 00:22:59,879 Speaker 1: most diverse stretches of road in the US. Tons like 505 00:23:00,080 --> 00:23:03,240 Speaker 1: I want to say, like thousands of immigrant owned businesses there. Uh, 506 00:23:03,320 --> 00:23:05,320 Speaker 1: and whatever type of food that you're into, you are 507 00:23:05,400 --> 00:23:08,480 Speaker 1: bound to find just a great representation of that style, 508 00:23:08,840 --> 00:23:11,240 Speaker 1: uh somewhere kind of on that six mile stretch of 509 00:23:11,280 --> 00:23:14,359 Speaker 1: Bufford Highway. Yeah, that is one of my favorite parts 510 00:23:14,400 --> 00:23:15,920 Speaker 1: of the city to go to. And I think it 511 00:23:16,080 --> 00:23:19,480 Speaker 1: just really what it goes to show is that diversity rocks. 512 00:23:19,520 --> 00:23:21,800 Speaker 1: And it's really really nice to be in a city 513 00:23:21,960 --> 00:23:24,560 Speaker 1: where you can experience a whole bunch of different like 514 00:23:24,640 --> 00:23:28,080 Speaker 1: cultures in particular a whole bunch of different styles of cuisine. 515 00:23:28,200 --> 00:23:30,080 Speaker 1: But how does this have to do with our money? Joel, Right, yeah, 516 00:23:30,119 --> 00:23:31,640 Speaker 1: that's the question, right, So what we'll find a way 517 00:23:31,640 --> 00:23:34,080 Speaker 1: to tien when it comes to your money, this slammeddug 518 00:23:34,240 --> 00:23:37,439 Speaker 1: diversity find you're holdings is crucial for long term success, right. 519 00:23:37,720 --> 00:23:40,879 Speaker 1: So we love diversification just in our town and what 520 00:23:40,960 --> 00:23:43,560 Speaker 1: that brings, the flavor that brings to our lives. But 521 00:23:43,600 --> 00:23:45,560 Speaker 1: when you're talking about your investments, you know, putting all 522 00:23:45,600 --> 00:23:48,800 Speaker 1: your eggs in one basket is ill advised, right, And 523 00:23:48,800 --> 00:23:51,159 Speaker 1: and it could lead to a lot of success, like 524 00:23:51,560 --> 00:23:55,119 Speaker 1: by starting the right business and and throwing everything behind it. 525 00:23:55,160 --> 00:23:58,280 Speaker 1: But for most folks, there's just too great of a 526 00:23:58,400 --> 00:24:00,560 Speaker 1: risk that you could crush the next you're trying to 527 00:24:00,560 --> 00:24:02,879 Speaker 1: build for the future if you're not diversified enough. And 528 00:24:02,920 --> 00:24:04,960 Speaker 1: so that's why Matt, you and I were fans of 529 00:24:05,000 --> 00:24:07,920 Speaker 1: target date funds and index funds of course. And yeah, 530 00:24:07,920 --> 00:24:10,640 Speaker 1: you don't have to have money in fifteen different funds 531 00:24:10,720 --> 00:24:13,480 Speaker 1: to be quote unquote diversified. I think sometimes people think 532 00:24:13,480 --> 00:24:15,800 Speaker 1: that they feel like they need to, you know, pick 533 00:24:15,920 --> 00:24:17,679 Speaker 1: a bunch of different funds and pick a bunch of 534 00:24:17,680 --> 00:24:21,320 Speaker 1: individual stocks in order to be widely diversified. But that's 535 00:24:21,320 --> 00:24:24,800 Speaker 1: not the case. Sometimes one or two single funds can 536 00:24:24,840 --> 00:24:28,440 Speaker 1: do the trick. Plus that complexity, like trying to invest 537 00:24:28,480 --> 00:24:31,320 Speaker 1: in too many different ways, can have other negative effects. 538 00:24:31,359 --> 00:24:35,200 Speaker 1: But diversifying in a simple manner really does ensure that 539 00:24:35,440 --> 00:24:38,800 Speaker 1: you build wealth for the long haul, slowly and steadily, 540 00:24:38,880 --> 00:24:41,359 Speaker 1: instead of hoping that like a big bet on just 541 00:24:41,400 --> 00:24:42,960 Speaker 1: a few companies is going to pay off in a 542 00:24:43,000 --> 00:24:46,440 Speaker 1: big way. Because if you do that, uh, there's too 543 00:24:46,440 --> 00:24:48,800 Speaker 1: good of a chance that you know, you see negative 544 00:24:48,840 --> 00:24:51,520 Speaker 1: returns or that you blow up your money that you're 545 00:24:51,520 --> 00:24:54,240 Speaker 1: saving for you know, years from now. That's right, So 546 00:24:54,280 --> 00:24:58,080 Speaker 1: let's keep the diversity diversification train rolling here. We've got 547 00:24:58,119 --> 00:25:00,800 Speaker 1: to talk about Donald Glover's excellent an f X show 548 00:25:01,359 --> 00:25:03,680 Speaker 1: Atlanta for a second. If you haven't went went when 549 00:25:03,720 --> 00:25:08,040 Speaker 1: season three coming out ready, I've heard, I'm not totally sure, 550 00:25:08,119 --> 00:25:09,720 Speaker 1: but like, if folks haven't seen it, we'd recommend for 551 00:25:09,760 --> 00:25:13,040 Speaker 1: folks to go back and check it out. Super weird, quirky, 552 00:25:13,680 --> 00:25:16,760 Speaker 1: but very entertaining. But what financial lesson can we learn 553 00:25:16,880 --> 00:25:19,760 Speaker 1: from from that TV show? Well, Donald Glover, he's I mean, 554 00:25:19,800 --> 00:25:22,199 Speaker 1: he's a comedian, he's a creator of Atlanta, He's got 555 00:25:22,320 --> 00:25:25,840 Speaker 1: multiple streams of income. He's also a talented rapper. Uh 556 00:25:25,840 --> 00:25:28,560 Speaker 1: he goes by a childish Gambino. Most of us will 557 00:25:28,600 --> 00:25:31,520 Speaker 1: never produce a Grammy winning album or an Emmy winning 558 00:25:31,560 --> 00:25:33,399 Speaker 1: TV show. Does he have a tony as well? But 559 00:25:33,400 --> 00:25:35,720 Speaker 1: he's like pretty close to like getting an egot. That 560 00:25:35,800 --> 00:25:37,879 Speaker 1: may not be in our future, but we can all 561 00:25:38,160 --> 00:25:40,960 Speaker 1: work towards the future where we aren't wholly dependent on 562 00:25:41,040 --> 00:25:45,040 Speaker 1: a single paycheck from from an employer. Investing slowly in 563 00:25:45,040 --> 00:25:47,920 Speaker 1: a diversified portfolio is you know, the most basic way 564 00:25:47,960 --> 00:25:50,320 Speaker 1: of doing that, but also starting a side hustle that 565 00:25:50,320 --> 00:25:53,080 Speaker 1: can be another way to diversify your income as well. 566 00:25:53,680 --> 00:25:56,520 Speaker 1: I just love how much diversification Donald Glover has when 567 00:25:56,560 --> 00:25:58,199 Speaker 1: it comes to all the different things he's got going 568 00:25:58,240 --> 00:26:00,320 Speaker 1: on in the Oven. He's getting those royalties from being 569 00:26:00,320 --> 00:26:03,320 Speaker 1: on Community, I'm sure, and like he's getting royalties from 570 00:26:03,320 --> 00:26:05,639 Speaker 1: Atlanta and he's producing another season in that and he's like, 571 00:26:05,920 --> 00:26:08,120 Speaker 1: can royalties from the rap album? I mean, he's he's 572 00:26:08,119 --> 00:26:10,840 Speaker 1: got that passive income on Lockdown and uh so, yeah, 573 00:26:10,960 --> 00:26:12,960 Speaker 1: you know, plus the royal tis he receives from the 574 00:26:13,000 --> 00:26:15,280 Speaker 1: show within the show, Troy and Abbitt in the Morning. 575 00:26:17,560 --> 00:26:19,240 Speaker 1: I think that was a separate deal that he ainked. 576 00:26:19,480 --> 00:26:21,000 Speaker 1: I bet he did. Man, if he's a smart dude, 577 00:26:21,000 --> 00:26:24,400 Speaker 1: he probably did. But yeah, those are really everything he's 578 00:26:24,400 --> 00:26:26,159 Speaker 1: created I'm a fan of. And and he's just like 579 00:26:26,200 --> 00:26:29,200 Speaker 1: he's multifasted, right, He's been a director, producer, actor, singer, 580 00:26:29,760 --> 00:26:31,439 Speaker 1: and he's done more than that too, right, And and 581 00:26:31,560 --> 00:26:34,120 Speaker 1: all of those skills are connected, but he's been able 582 00:26:34,200 --> 00:26:37,280 Speaker 1: to use them in different ways. And especially Matt, in 583 00:26:37,280 --> 00:26:39,680 Speaker 1: our current economy, right, it's crucial to be able to 584 00:26:39,720 --> 00:26:43,440 Speaker 1: find ways to translate your skills into effective work within 585 00:26:43,560 --> 00:26:46,800 Speaker 1: another company or even a different industry, especially we're talking 586 00:26:46,840 --> 00:26:50,200 Speaker 1: about people wanting to quit their jobs in huge numbers. 587 00:26:50,400 --> 00:26:52,439 Speaker 1: You know, we actually talked about that some on Monday 588 00:26:52,520 --> 00:26:56,040 Speaker 1: with Ashley Stalled. But don't pigeonhole yourself. Put less of 589 00:26:56,080 --> 00:26:59,159 Speaker 1: an emphasis on the jobs you've done and more of 590 00:26:59,200 --> 00:27:02,080 Speaker 1: an emphasis on the skills that you've acquired, and then 591 00:27:02,240 --> 00:27:05,080 Speaker 1: make sure that you accentuate and highlight those. That is 592 00:27:05,080 --> 00:27:07,480 Speaker 1: going to be your ticket to career success and to 593 00:27:07,520 --> 00:27:10,440 Speaker 1: be able to continue to move up in your career 594 00:27:10,480 --> 00:27:12,640 Speaker 1: and make more money and do work that you love. 595 00:27:13,000 --> 00:27:15,679 Speaker 1: And I do think that. Yeah, the example of Donald 596 00:27:15,720 --> 00:27:18,439 Speaker 1: Glover and how prolific he's been really just points to 597 00:27:18,480 --> 00:27:20,800 Speaker 1: that fact. All right, Yeah, so we've talked about diversification, 598 00:27:20,880 --> 00:27:23,920 Speaker 1: we talked about the affordability lessons that Atlantic can teach 599 00:27:24,000 --> 00:27:27,640 Speaker 1: us bouncing back after some financial storms. Let's talk about 600 00:27:27,960 --> 00:27:30,960 Speaker 1: Jimmy Carter. Now, uh, he is the only president ever 601 00:27:31,080 --> 00:27:33,280 Speaker 1: to have come out of the state of Georgia. But 602 00:27:33,359 --> 00:27:35,439 Speaker 1: here's the thing. Jimmy Carter, he he didn't even come 603 00:27:35,480 --> 00:27:38,440 Speaker 1: from Atlanta, he didn't come from the capitol. He grew 604 00:27:38,480 --> 00:27:41,440 Speaker 1: up in a rural part of the state Plains Georgia. 605 00:27:41,920 --> 00:27:45,360 Speaker 1: His parents owned a peanut farm. That's why his nickname 606 00:27:45,400 --> 00:27:50,000 Speaker 1: was peanut Farmer. But Jimmy Carter is an incredibly humble, generous, 607 00:27:50,000 --> 00:27:54,399 Speaker 1: and philanthropic Georgian. He doesn't, you know, seek out the limelight. Instead, 608 00:27:54,440 --> 00:27:57,199 Speaker 1: he he lets his actions do the talking. It's just 609 00:27:57,240 --> 00:27:59,760 Speaker 1: so obvious to anyone who who watches his example what 610 00:27:59,800 --> 00:28:03,200 Speaker 1: he's dands for so small example. He he still teaches 611 00:28:03,320 --> 00:28:06,239 Speaker 1: Sunday school at the church there and plaines Georgia at 612 00:28:06,280 --> 00:28:09,600 Speaker 1: the age of nineties six years old. That's insane, It's impressive. 613 00:28:09,640 --> 00:28:11,360 Speaker 1: My grandma actually went like a couple of years ago. 614 00:28:11,480 --> 00:28:12,840 Speaker 1: You can do that. I had to go down there 615 00:28:12,880 --> 00:28:15,760 Speaker 1: and like sit at Sunday School, like all Jimmy Carter 616 00:28:15,840 --> 00:28:18,200 Speaker 1: was teaching and what an incredible thing. But he's also 617 00:28:18,440 --> 00:28:21,560 Speaker 1: been actively involved with building houses with Habitat for Humanity. 618 00:28:21,720 --> 00:28:23,600 Speaker 1: And he doesn't just write a check, you know, like 619 00:28:23,640 --> 00:28:27,199 Speaker 1: one of those big checks like public house, uh or 620 00:28:27,240 --> 00:28:28,800 Speaker 1: just you know, just to show up for the photo 621 00:28:28,800 --> 00:28:31,240 Speaker 1: op kind of thing. He's actually there. He's swinging a hammer. 622 00:28:31,680 --> 00:28:34,480 Speaker 1: You've got the Carter Center that he helped found here 623 00:28:34,480 --> 00:28:38,440 Speaker 1: in Atlanta. Like with Emery, He's just an incredibly generous person, 624 00:28:38,520 --> 00:28:40,280 Speaker 1: not only with his time but also with his money. 625 00:28:40,640 --> 00:28:44,320 Speaker 1: So to take away from the example that President Carter sets, like, 626 00:28:44,560 --> 00:28:46,400 Speaker 1: I feel like that's one of George's claims to fame 627 00:28:46,520 --> 00:28:48,800 Speaker 1: is is having had him as a president and just 628 00:28:49,000 --> 00:28:51,200 Speaker 1: the kind of man he is, more than even what 629 00:28:51,280 --> 00:28:53,600 Speaker 1: he did as a president. Because yeah, I mean that's 630 00:28:53,640 --> 00:28:56,480 Speaker 1: really up for debate, you know, politically depending on where 631 00:28:56,480 --> 00:28:58,920 Speaker 1: you sigh politically, um, whether he did a good job 632 00:28:59,000 --> 00:29:02,880 Speaker 1: or not. But yeah, the thing that it made me think, Matt, 633 00:29:02,960 --> 00:29:04,959 Speaker 1: is are we putting our money where our mouth is? 634 00:29:05,280 --> 00:29:07,280 Speaker 1: Like do we spend money on the things that we 635 00:29:07,400 --> 00:29:10,719 Speaker 1: value or are we consuming and spending without giving it 636 00:29:10,800 --> 00:29:13,640 Speaker 1: much thought? And do we give to organizations that are 637 00:29:13,640 --> 00:29:16,160 Speaker 1: doing effective work on causes that we care about. Two 638 00:29:16,800 --> 00:29:19,040 Speaker 1: are we using our time and our energy to be 639 00:29:19,080 --> 00:29:21,360 Speaker 1: a positive influence where we live? Like it brought up 640 00:29:21,360 --> 00:29:22,880 Speaker 1: all these questions for me because I'm like, that's what 641 00:29:22,960 --> 00:29:25,240 Speaker 1: Jimmy Carter is doing. I want to be doing that too, 642 00:29:25,280 --> 00:29:27,320 Speaker 1: and I think that's a good way to live. You know, 643 00:29:27,320 --> 00:29:29,720 Speaker 1: we talked about giving money away in episode two eighty one. 644 00:29:29,960 --> 00:29:32,240 Speaker 1: Check that out if you haven't, But yeah, we really 645 00:29:32,560 --> 00:29:36,080 Speaker 1: do believe that being more charitable makes you richer in 646 00:29:36,240 --> 00:29:38,280 Speaker 1: you know, and not in the financial sense because you're 647 00:29:38,280 --> 00:29:41,320 Speaker 1: giving away money, but in the holistic life sense. Um. 648 00:29:41,360 --> 00:29:43,920 Speaker 1: And also, if you say that something is important to you, 649 00:29:44,080 --> 00:29:46,920 Speaker 1: make sure that you aren't waiting until some distant future 650 00:29:47,000 --> 00:29:50,080 Speaker 1: date to participate. You know, you're not promised tomorrow. Life 651 00:29:50,240 --> 00:29:53,400 Speaker 1: isn't guaranteed, and so even if you're only able to 652 00:29:53,440 --> 00:29:55,400 Speaker 1: engage in a small way, make sure that you're at 653 00:29:55,440 --> 00:29:59,280 Speaker 1: least engaging. Because Yeah, there is such a power when 654 00:29:59,400 --> 00:30:02,320 Speaker 1: it comes to aligning our beliefs in our actions, because 655 00:30:02,360 --> 00:30:04,440 Speaker 1: sometimes we say we believe something, but we don't act 656 00:30:04,480 --> 00:30:08,520 Speaker 1: it out, and we feel that misalignment inside, like you know, 657 00:30:08,560 --> 00:30:11,760 Speaker 1: and we want to find a way more and more 658 00:30:11,840 --> 00:30:13,959 Speaker 1: in our lives where what we say and what we 659 00:30:14,000 --> 00:30:16,720 Speaker 1: do lines up. And I feel like Jimmy Carter, I 660 00:30:17,040 --> 00:30:19,200 Speaker 1: could not come up with a better example of a 661 00:30:19,240 --> 00:30:21,040 Speaker 1: person that does that well. One of the things you 662 00:30:21,040 --> 00:30:22,720 Speaker 1: mentioned too, is that, like, you're not going to financially 663 00:30:22,720 --> 00:30:25,640 Speaker 1: get richer by giving money away. However, if you do 664 00:30:25,720 --> 00:30:27,760 Speaker 1: give money to charity, you do get a tax break. 665 00:30:27,960 --> 00:30:30,280 Speaker 1: It's not necessarily gonna make you richer, but it is 666 00:30:30,320 --> 00:30:32,200 Speaker 1: something to keep in mind. We're actually gonna talk more 667 00:30:32,440 --> 00:30:35,640 Speaker 1: about tax breaks. We're gonna talk about entrepreneurship, We're gonna 668 00:30:35,640 --> 00:30:37,760 Speaker 1: talk about sports. We'll get to all of those topics 669 00:30:37,760 --> 00:30:40,000 Speaker 1: and how they have to do with Atlanta. Right after 670 00:30:40,000 --> 00:30:51,440 Speaker 1: this break, we're gonna keep going. On today's episode, we're 671 00:30:51,440 --> 00:30:54,200 Speaker 1: talking about a t L in Money Lessons a t 672 00:30:54,360 --> 00:30:57,400 Speaker 1: L and obviously that old school outcast reference. But Matt, 673 00:30:57,400 --> 00:31:00,320 Speaker 1: we just talked about Jimmy Carter, one of the most 674 00:31:00,320 --> 00:31:05,160 Speaker 1: famous Georgians, the opposite of outcasts. Maybe I don't know, 675 00:31:05,240 --> 00:31:09,080 Speaker 1: they've got some similarities on them. Yeah, I'm sure they do. 676 00:31:09,360 --> 00:31:12,560 Speaker 1: But um yeah, probably the the other most famous person 677 00:31:12,720 --> 00:31:16,840 Speaker 1: and arguably the more famous person from I mean, and yeah, 678 00:31:16,960 --> 00:31:19,920 Speaker 1: just really probably is more famous person is Martin Luther 679 00:31:20,000 --> 00:31:23,960 Speaker 1: King Jr. Right, Um, And anybody who's from Atlanta takes 680 00:31:24,000 --> 00:31:26,120 Speaker 1: a lot of pride in the fact that Martin Luther 681 00:31:26,240 --> 00:31:30,040 Speaker 1: King Jr. Was born here in Atlanta. Right that his uh, 682 00:31:30,040 --> 00:31:33,800 Speaker 1: that his legacy really is is so tied to the city. Um. 683 00:31:33,840 --> 00:31:37,960 Speaker 1: And I'm not sure that you can boil MLK down 684 00:31:38,000 --> 00:31:40,440 Speaker 1: to like a single word, like, but if I was 685 00:31:40,560 --> 00:31:43,560 Speaker 1: going to, I think the word I would ascribe to 686 00:31:43,640 --> 00:31:47,680 Speaker 1: him is leader. And his oratory skills were certainly a 687 00:31:47,680 --> 00:31:50,200 Speaker 1: part of that, right, Like some of his speeches and 688 00:31:50,280 --> 00:31:53,640 Speaker 1: his writing were profound on many levels, and they remain 689 00:31:53,840 --> 00:31:57,480 Speaker 1: relevant for informing how we think about racial justice to 690 00:31:57,480 --> 00:32:00,640 Speaker 1: this day. I mean, documents that were written sixty years 691 00:32:00,640 --> 00:32:03,560 Speaker 1: ago are are still ones that we look to and 692 00:32:03,600 --> 00:32:06,880 Speaker 1: are informed by, Like the Letter from Birmingham Jail. If 693 00:32:06,920 --> 00:32:08,360 Speaker 1: you haven't read it, it's like one of the most 694 00:32:08,400 --> 00:32:11,040 Speaker 1: powerful documents. And the fact that he partially wrote it 695 00:32:11,080 --> 00:32:14,600 Speaker 1: on toilet paper is just like inspiring, Like someone snuck 696 00:32:14,640 --> 00:32:17,040 Speaker 1: him a pencil and he wrote it on whatever he 697 00:32:17,160 --> 00:32:20,040 Speaker 1: had available to him. And really he also just had 698 00:32:20,080 --> 00:32:24,200 Speaker 1: this ability to inform and drive a movement, his organization 699 00:32:24,240 --> 00:32:28,640 Speaker 1: of peaceful protests, giving power to seemingly powerless folks, and 700 00:32:28,640 --> 00:32:32,520 Speaker 1: then his unwillingness to settle for you know, lesser measures, 701 00:32:32,560 --> 00:32:35,880 Speaker 1: lesser solutions from people in power. It really was this 702 00:32:36,040 --> 00:32:39,880 Speaker 1: catalyst for change that needed to happen in the civil 703 00:32:39,960 --> 00:32:42,040 Speaker 1: rights movement. It just wouldn't have been the same without 704 00:32:42,400 --> 00:32:45,160 Speaker 1: ultimately without his leadership kind of at the heart of it, right. 705 00:32:45,160 --> 00:32:47,280 Speaker 1: And so when it comes to your money, there aren't 706 00:32:47,280 --> 00:32:49,600 Speaker 1: necessarily clear cut like we're not going to say that 707 00:32:49,600 --> 00:32:51,960 Speaker 1: there's a parallel, like a direct parallel here from the 708 00:32:52,000 --> 00:32:55,040 Speaker 1: amazing things that Martin Luther King Jr. Did uh and 709 00:32:55,080 --> 00:32:57,520 Speaker 1: what I can do with like my monthly budget. Basically 710 00:32:57,520 --> 00:33:02,400 Speaker 1: we're drawing faint parallels here Today's that was the direct correlations. 711 00:33:02,640 --> 00:33:05,080 Speaker 1: There was much more that he was able to do 712 00:33:05,600 --> 00:33:07,920 Speaker 1: with his life. But even still, when it comes to 713 00:33:07,920 --> 00:33:09,920 Speaker 1: your money, we want to encourage folks to make sure 714 00:33:09,920 --> 00:33:12,840 Speaker 1: that you're not following everyone else and what it is 715 00:33:12,880 --> 00:33:15,000 Speaker 1: that they're doing with their money. I think being a 716 00:33:15,080 --> 00:33:18,240 Speaker 1: leader means that, you know, it means not following the Joneses, uh, 717 00:33:18,280 --> 00:33:20,760 Speaker 1: and it means to intentionally choose to live life on 718 00:33:20,800 --> 00:33:25,040 Speaker 1: your own terms rather than what society, culture, advertising, what 719 00:33:25,200 --> 00:33:28,280 Speaker 1: all of that has prescribed for us. And so for 720 00:33:28,320 --> 00:33:30,960 Speaker 1: Martin Luther King Jr. And men believing in pursuing something 721 00:33:31,000 --> 00:33:34,200 Speaker 1: that seemed almost impossible. Uh. And if we spend money 722 00:33:34,280 --> 00:33:37,600 Speaker 1: like everyone else, we're likely bound to a future that 723 00:33:37,680 --> 00:33:40,760 Speaker 1: doesn't include any sort of financial independence or any financial 724 00:33:40,800 --> 00:33:44,360 Speaker 1: freedom at any date. So taking the other path that 725 00:33:44,400 --> 00:33:47,000 Speaker 1: includes intentional spending, you know, on on what matters to you, 726 00:33:47,240 --> 00:33:50,520 Speaker 1: despite what others are doing. Uh, and saving more than 727 00:33:50,560 --> 00:33:53,360 Speaker 1: you spend because of the future freedom that that it 728 00:33:53,360 --> 00:33:57,920 Speaker 1: will provide. Like, that is the route to take. It's countercultural, butts, 729 00:33:58,000 --> 00:34:00,960 Speaker 1: if you have that leader mindset, you're gonna be willing 730 00:34:00,960 --> 00:34:03,680 Speaker 1: to go against the grain in this case, Yeah, believing 731 00:34:04,240 --> 00:34:07,440 Speaker 1: in a cause and hopefully you know, obviously the cause 732 00:34:07,520 --> 00:34:10,399 Speaker 1: of civil rights far more important than the cause of 733 00:34:10,480 --> 00:34:14,160 Speaker 1: your individual financial independence. But if you believe in that cause, 734 00:34:14,280 --> 00:34:17,479 Speaker 1: that financial independence for you is important. It will help 735 00:34:17,520 --> 00:34:20,680 Speaker 1: inform your actions, it will provide the why behind what 736 00:34:20,719 --> 00:34:22,920 Speaker 1: you're doing, behind some of those cuts that you're going 737 00:34:22,960 --> 00:34:26,239 Speaker 1: to feel in your budget. And yeah, it's it might 738 00:34:26,239 --> 00:34:28,560 Speaker 1: also take more than just intentional spending too, right there 739 00:34:28,560 --> 00:34:30,279 Speaker 1: there might be times when you're gonna have to make 740 00:34:30,400 --> 00:34:33,319 Speaker 1: sacrifice and make trade offs in order to achieve some 741 00:34:33,400 --> 00:34:35,960 Speaker 1: of those personal finance goals that you have. As we 742 00:34:36,000 --> 00:34:39,279 Speaker 1: look at historical events in the rear view mirror, it 743 00:34:39,320 --> 00:34:41,479 Speaker 1: can be easy to remove a lot of the pain 744 00:34:41,520 --> 00:34:44,200 Speaker 1: and the emotion from some of the moments that happened. 745 00:34:44,520 --> 00:34:47,359 Speaker 1: Um And it can make it look easy or inevitable, 746 00:34:47,480 --> 00:34:49,840 Speaker 1: but like it's it's kind of like, I mean, especially 747 00:34:49,920 --> 00:34:51,839 Speaker 1: when things are everything is in black and white, it's 748 00:34:51,880 --> 00:34:53,839 Speaker 1: just kind of like like when you look back on history, 749 00:34:53,880 --> 00:34:56,680 Speaker 1: it's like, Okay, that doesn't seem really like all that real. 750 00:34:56,960 --> 00:34:59,759 Speaker 1: It's been documented, but like you don't feel it personally 751 00:35:00,239 --> 00:35:02,160 Speaker 1: unless you have some sort of personal tie to some 752 00:35:02,200 --> 00:35:04,640 Speaker 1: of these different historical events. We can like sterilize history 753 00:35:04,640 --> 00:35:07,880 Speaker 1: in a way, um, by by not remembering the depths 754 00:35:07,920 --> 00:35:10,880 Speaker 1: of difficulty that it took to achieve what's been achieved. 755 00:35:11,000 --> 00:35:14,720 Speaker 1: And yeah, marching and protesting for for civil rights sixty 756 00:35:14,800 --> 00:35:18,480 Speaker 1: years ago involved a whole lot of real actual sacrifice, 757 00:35:18,520 --> 00:35:22,000 Speaker 1: like people's homes were bombed, people were hurt and killed, 758 00:35:22,040 --> 00:35:24,919 Speaker 1: and you know, Martin Luther King Jr. Was ultimately assassinated. 759 00:35:25,160 --> 00:35:26,959 Speaker 1: And so again we're not trying to say that staying 760 00:35:27,040 --> 00:35:30,320 Speaker 1: under your budget in your eating out category is equivalent 761 00:35:30,360 --> 00:35:33,600 Speaker 1: to like the selmal March or anything like that. But 762 00:35:33,760 --> 00:35:36,240 Speaker 1: we are trying to point out that it takes action 763 00:35:36,400 --> 00:35:39,920 Speaker 1: on our part to see change actually take place. Wishing 764 00:35:40,000 --> 00:35:42,719 Speaker 1: or hoping isn't enough. That is one of those things. 765 00:35:42,760 --> 00:35:44,000 Speaker 1: I think a lot of people they're like, man, it 766 00:35:44,040 --> 00:35:46,000 Speaker 1: would be great if I was able to make just 767 00:35:46,040 --> 00:35:47,919 Speaker 1: a couple of small tweaks and get where I wanted 768 00:35:47,960 --> 00:35:51,440 Speaker 1: to go, But to get some more meaningful oftentimes it 769 00:35:51,480 --> 00:35:53,160 Speaker 1: takes more than that. Yeah, you know, you definitely have 770 00:35:53,239 --> 00:35:55,440 Speaker 1: to put into action the things that you want to 771 00:35:55,480 --> 00:35:57,960 Speaker 1: see done. Uh, And it's definitely helpful when you have 772 00:35:58,320 --> 00:36:01,399 Speaker 1: UH when you're taking a leadership meant reality And Joe 773 00:36:01,480 --> 00:36:03,480 Speaker 1: I I teased that some of the different tax breaks 774 00:36:03,480 --> 00:36:05,440 Speaker 1: and the lessons that we can learn from Georgia when 775 00:36:05,480 --> 00:36:08,439 Speaker 1: it comes to taxes, and Yeah, one of the other 776 00:36:08,480 --> 00:36:12,800 Speaker 1: things that Georgia has in spades is film industry credits. 777 00:36:13,239 --> 00:36:16,439 Speaker 1: Different movie companies they've taken advantage of some sweet tax 778 00:36:16,440 --> 00:36:20,080 Speaker 1: incent of the State of Georgia is offering. Most production 779 00:36:20,160 --> 00:36:22,520 Speaker 1: companies that do work in the State of Georgia receive 780 00:36:22,600 --> 00:36:25,440 Speaker 1: a twenty percent tax break, and then there's this additional 781 00:36:25,480 --> 00:36:27,960 Speaker 1: ten percent tax credit if they include a promotional Georgia 782 00:36:28,040 --> 00:36:29,560 Speaker 1: logo at the end of the film as well. Can 783 00:36:29,560 --> 00:36:31,800 Speaker 1: you imagine does anybody say, I'll take but I'm not 784 00:36:31,800 --> 00:36:33,399 Speaker 1: gonna put that logo at the end of the film. 785 00:36:33,440 --> 00:36:36,000 Speaker 1: It's a no writer man or even just like the 786 00:36:36,000 --> 00:36:38,200 Speaker 1: different TV shows. I mean, that's why all the different 787 00:36:38,360 --> 00:36:41,080 Speaker 1: you know, Marvel series, like the credit real at the 788 00:36:41,200 --> 00:36:43,600 Speaker 1: end is so long, uh, and so if you're kind 789 00:36:43,600 --> 00:36:47,319 Speaker 1: of looking for the little post credit scene, you you 790 00:36:47,320 --> 00:36:48,920 Speaker 1: have to kind of scroll through all of that and 791 00:36:49,000 --> 00:36:50,840 Speaker 1: you always look for the Georgia peach because it's always 792 00:36:50,880 --> 00:36:53,560 Speaker 1: near the end. It's no wonder that you know, like 793 00:36:53,760 --> 00:36:56,960 Speaker 1: Atlanta specifically is becoming the Hollywood of the South. They're 794 00:36:56,960 --> 00:37:01,080 Speaker 1: calling it Yllywood because of the amount of film production 795 00:37:01,120 --> 00:37:03,200 Speaker 1: that's taking place in our city. Yeah, and you know, 796 00:37:03,239 --> 00:37:05,720 Speaker 1: a decent chunk of all of our money goes towards 797 00:37:05,800 --> 00:37:08,239 Speaker 1: taxes each right, So it's really important for all of 798 00:37:08,320 --> 00:37:10,560 Speaker 1: us to work to minimize that as much as we can. 799 00:37:10,600 --> 00:37:12,720 Speaker 1: I think sometimes we think of that as a fixed 800 00:37:12,719 --> 00:37:15,560 Speaker 1: cost or something that we don't really have much control over. 801 00:37:15,920 --> 00:37:18,240 Speaker 1: But that's not really true right in our tax breaks 802 00:37:18,239 --> 00:37:20,600 Speaker 1: that we can take advantage of as individuals. It's not 803 00:37:20,680 --> 00:37:22,920 Speaker 1: just for like fancy movie studios to be able to 804 00:37:22,920 --> 00:37:25,840 Speaker 1: get the biggest tax credits. Um there are things available 805 00:37:25,880 --> 00:37:28,440 Speaker 1: to us as individuals. So by investing more of your 806 00:37:28,440 --> 00:37:32,000 Speaker 1: money in tax advantage accounts like a traditional IRA or 807 00:37:32,200 --> 00:37:34,879 Speaker 1: a four own K, you'll not only be saving more 808 00:37:34,920 --> 00:37:37,600 Speaker 1: for your future, but you'll also be lowering your current 809 00:37:37,760 --> 00:37:40,480 Speaker 1: year's tax bill. It's the same with putting more money 810 00:37:40,560 --> 00:37:42,319 Speaker 1: in your h s A. If you have access to 811 00:37:42,360 --> 00:37:45,080 Speaker 1: want a health savings account. We've done a deep dive 812 00:37:45,160 --> 00:37:48,320 Speaker 1: on those in the past. They are possibly our favorite 813 00:37:48,320 --> 00:37:51,319 Speaker 1: retirement account of all time. But it's important to note 814 00:37:51,320 --> 00:37:53,800 Speaker 1: that getting the tax break now is not always the 815 00:37:53,840 --> 00:37:56,279 Speaker 1: smartest move. We love roth iras, we think they're the 816 00:37:56,320 --> 00:37:58,759 Speaker 1: best option for a lot of folks, but whether you're 817 00:37:58,760 --> 00:38:01,520 Speaker 1: getting a tax break now or later, finding ways to 818 00:38:01,560 --> 00:38:05,520 Speaker 1: minimize the impact of taxes in your life is really important. Joel, 819 00:38:05,560 --> 00:38:07,839 Speaker 1: let's talk about sports here for a minute. Your your 820 00:38:07,840 --> 00:38:12,000 Speaker 1: favorite subject. I'm not huge into sports. I do like 821 00:38:12,040 --> 00:38:14,600 Speaker 1: the Atlanta United soccer team, but you are a big 822 00:38:14,600 --> 00:38:16,600 Speaker 1: fan of the Atlanta Braves, and I feel like they 823 00:38:16,640 --> 00:38:19,880 Speaker 1: have found their niche, not just as like a sports 824 00:38:19,880 --> 00:38:22,800 Speaker 1: team for our city, right, Atlanta, but for the entire southeast. 825 00:38:22,880 --> 00:38:24,480 Speaker 1: I mean as a kid growing up in Augusta, I 826 00:38:24,480 --> 00:38:27,680 Speaker 1: mean the Atlanta Braves were it's I mean definitely, especially 827 00:38:27,719 --> 00:38:30,279 Speaker 1: in the nineties, like those are the good old days, 828 00:38:30,280 --> 00:38:33,160 Speaker 1: the massive you know run in the eighties and nineties. 829 00:38:33,560 --> 00:38:36,719 Speaker 1: They're being broadcasted on on TVs, like because of the 830 00:38:36,719 --> 00:38:39,800 Speaker 1: the surrounding states, we're getting a taste of The Atlanta 831 00:38:39,840 --> 00:38:42,760 Speaker 1: Braves kind of had that fourteen year run of division 832 00:38:42,840 --> 00:38:46,839 Speaker 1: championship winning teams throughout those years. That definitely didn't hurt 833 00:38:46,880 --> 00:38:49,920 Speaker 1: in the popularity of the Braves, uh. And in addition, 834 00:38:50,400 --> 00:38:53,000 Speaker 1: I think Atlanta they were able to take advantage of 835 00:38:53,040 --> 00:38:55,919 Speaker 1: the geography, right because there were no other professional teams 836 00:38:55,920 --> 00:38:58,160 Speaker 1: in the surrounding southern states, and so because of that, 837 00:38:58,200 --> 00:39:00,839 Speaker 1: it was smart to be able to reach out, uh 838 00:39:00,880 --> 00:39:03,840 Speaker 1: to the different baseball lovers in like states like Alabama, 839 00:39:04,080 --> 00:39:08,120 Speaker 1: South Carolina, Tennessee, even Mississippi. And so instead of settling 840 00:39:08,200 --> 00:39:11,520 Speaker 1: for just Atlanta baseball fans, it seems like the Braves 841 00:39:11,560 --> 00:39:15,080 Speaker 1: reached beyond those borders and they created this just regional 842 00:39:15,120 --> 00:39:18,080 Speaker 1: powerhouse and you had people all across the Southeast rooting 843 00:39:18,080 --> 00:39:21,279 Speaker 1: for the Atlanta Braves. Yeah, so I agree, And those 844 00:39:21,320 --> 00:39:23,560 Speaker 1: fourteen years were some of the best of my life. Man, 845 00:39:23,920 --> 00:39:26,399 Speaker 1: I watched way too much baseball as a kid. I 846 00:39:26,400 --> 00:39:28,480 Speaker 1: I did as well. Back then it was like it 847 00:39:28,520 --> 00:39:30,520 Speaker 1: was what you did because it was broadcast on TBS 848 00:39:30,560 --> 00:39:33,000 Speaker 1: and everybody was watching, and all my everything I wore 849 00:39:33,080 --> 00:39:35,000 Speaker 1: was basically Braves related at that point in time too. 850 00:39:35,320 --> 00:39:38,400 Speaker 1: Uh not not so anymore, especially when they broke my 851 00:39:38,440 --> 00:39:42,440 Speaker 1: heart and essentially left in town Atlanta for the just outside. 852 00:39:43,000 --> 00:39:46,320 Speaker 1: We'll say that topic for another. There's gotta be another lesson. 853 00:39:46,320 --> 00:39:48,840 Speaker 1: They're actually kind of going back to the time is 854 00:39:48,840 --> 00:39:51,239 Speaker 1: more valuable than money, Like, come on, Braves, what are 855 00:39:51,280 --> 00:39:53,640 Speaker 1: you thinking? I know, Yeah, now I've got a plan 856 00:39:53,760 --> 00:39:55,400 Speaker 1: ahead to go to a Brads game, where before I 857 00:39:55,600 --> 00:39:57,680 Speaker 1: just like hop home on bikes minute and literally we 858 00:39:57,680 --> 00:40:00,040 Speaker 1: would bike to the Braves game. And when those the 859 00:40:00,080 --> 00:40:02,920 Speaker 1: good old days, they were Well what money lesson can 860 00:40:02,960 --> 00:40:07,320 Speaker 1: we take from this example of But like the regional 861 00:40:07,360 --> 00:40:10,160 Speaker 1: aspect of the Braves and and their massive fan base, 862 00:40:10,880 --> 00:40:14,360 Speaker 1: when it comes to something like entrepreneurship, addressing and solving 863 00:40:14,440 --> 00:40:17,560 Speaker 1: existing problems is the key to really building something great. 864 00:40:17,800 --> 00:40:21,040 Speaker 1: That's where the best ideas come from when you say, okay, well, 865 00:40:21,239 --> 00:40:23,840 Speaker 1: not just like what do I want to accomplish, but 866 00:40:23,960 --> 00:40:26,840 Speaker 1: what is the need that I'm trying to meet? What 867 00:40:27,239 --> 00:40:29,680 Speaker 1: who am I trying to serve? And the Braves realized 868 00:40:29,840 --> 00:40:33,080 Speaker 1: there's a need greater than what they initially anticipated, and 869 00:40:33,280 --> 00:40:37,480 Speaker 1: that you know, reaching out to multiple states in the 870 00:40:37,520 --> 00:40:40,560 Speaker 1: surrounding area was going to increase our viewership, increase their 871 00:40:40,600 --> 00:40:44,439 Speaker 1: fan base and then drive merchandise sales right, and drive 872 00:40:44,440 --> 00:40:46,600 Speaker 1: ticket sales too at the ballpark, as people really do 873 00:40:46,880 --> 00:40:49,799 Speaker 1: travel from hours and hours away to come see a game. 874 00:40:50,160 --> 00:40:51,719 Speaker 1: So yeah, it's one of those things where I think, 875 00:40:51,920 --> 00:40:54,640 Speaker 1: when we're thinking about what it looks like as an 876 00:40:54,800 --> 00:40:58,640 Speaker 1: entrepreneur to do something great, um it really we need 877 00:40:58,680 --> 00:40:59,920 Speaker 1: to think a little bit bigger, kind of like the 878 00:41:00,040 --> 00:41:02,840 Speaker 1: Braves did, turning it from just like the Atlanta Braves 879 00:41:02,840 --> 00:41:05,239 Speaker 1: into kind of Braves country. Oh that's right, that's the 880 00:41:05,280 --> 00:41:08,800 Speaker 1: old Bras country. And here's the thing, I'm not totally 881 00:41:08,800 --> 00:41:12,160 Speaker 1: sure if the Braves did that super strategically and intentionally. 882 00:41:12,200 --> 00:41:14,120 Speaker 1: They're like, I don't know, lucked into it. Yeah, yeah, 883 00:41:14,120 --> 00:41:15,520 Speaker 1: I feel like it's just one of those it's a 884 00:41:15,560 --> 00:41:18,480 Speaker 1: broadcast deal and everyone's watching it, and so therefore they 885 00:41:18,520 --> 00:41:20,600 Speaker 1: become Braves fames because they don't have a local team 886 00:41:20,760 --> 00:41:23,200 Speaker 1: that they're looking to root for. But regardless of whether 887 00:41:23,239 --> 00:41:25,120 Speaker 1: or not the Braves did it intentionally or not, that's 888 00:41:25,520 --> 00:41:27,560 Speaker 1: what That's the kind of intentionality though, that we do 889 00:41:27,800 --> 00:41:30,719 Speaker 1: want you to bring when it comes to entrepreneurship. I mean, 890 00:41:30,760 --> 00:41:33,240 Speaker 1: it makes me think back to starting the photography company 891 00:41:33,239 --> 00:41:35,239 Speaker 1: that Kate and I started back in the day. The 892 00:41:35,320 --> 00:41:39,759 Speaker 1: wedding industry had a serious void of good photojournalists and 893 00:41:39,840 --> 00:41:41,800 Speaker 1: essentially that's what we're looking for when we got married, 894 00:41:42,080 --> 00:41:44,920 Speaker 1: and there weren't that many creative photojournalists out there, and 895 00:41:44,960 --> 00:41:46,560 Speaker 1: the ones who were providing that kind of work we're 896 00:41:46,600 --> 00:41:49,640 Speaker 1: either really really expensive or they were completely booked up 897 00:41:49,680 --> 00:41:53,040 Speaker 1: because the demand was so incredibly high. We were able 898 00:41:53,080 --> 00:41:55,640 Speaker 1: to witness that firsthand, and we thought this is something 899 00:41:55,640 --> 00:41:56,960 Speaker 1: that we could do. I mean, both of us have 900 00:41:57,520 --> 00:42:00,680 Speaker 1: some photography background, and so we started our company and 901 00:42:00,719 --> 00:42:04,440 Speaker 1: we had a nice, you know, twelve year run with photography, 902 00:42:04,480 --> 00:42:07,640 Speaker 1: but we were smashing grain slams mix our analogies here 903 00:42:08,000 --> 00:42:10,840 Speaker 1: right out of the gate because we had identified that 904 00:42:10,880 --> 00:42:13,280 Speaker 1: need before we hadn't even pulled the trigger on starting 905 00:42:13,320 --> 00:42:15,839 Speaker 1: the company, and so oftentimes folks will say, yeah, follow 906 00:42:15,840 --> 00:42:19,000 Speaker 1: your passion, but what we would say instead is to 907 00:42:19,040 --> 00:42:22,200 Speaker 1: follow the problems, because anytime you can solve problems, anytime 908 00:42:22,239 --> 00:42:24,880 Speaker 1: you can make people's lives better, you're going to be 909 00:42:24,960 --> 00:42:27,799 Speaker 1: well compensated for it, no doubt. Matt. Let's uh, let's 910 00:42:27,960 --> 00:42:31,480 Speaker 1: just take one more example from Atlanta sports history. And 911 00:42:31,480 --> 00:42:35,200 Speaker 1: this one is just a sadder one, but another legacy 912 00:42:35,239 --> 00:42:37,680 Speaker 1: that we really have in the city of Atlanta is 913 00:42:38,440 --> 00:42:42,600 Speaker 1: we choke pretty consistently when the moment gets big, like 914 00:42:42,680 --> 00:42:44,879 Speaker 1: on on the big stage. There are many times where 915 00:42:44,880 --> 00:42:47,080 Speaker 1: Atlanta has come through in the clutch and like pulled 916 00:42:47,080 --> 00:42:49,919 Speaker 1: one out, you know, And so I feel like that's 917 00:42:49,920 --> 00:42:51,360 Speaker 1: like a legacy that we all have to deal with 918 00:42:51,400 --> 00:42:55,000 Speaker 1: as individual sports fans of Atlanta teams. Like I moved 919 00:42:55,000 --> 00:42:57,480 Speaker 1: here when I was two, so basically all my sports 920 00:42:57,520 --> 00:43:00,520 Speaker 1: memories are of Atlanta sports teams, me rooting for Atlanta 921 00:43:00,520 --> 00:43:03,359 Speaker 1: sports teams, and mostly being let down. Like you had 922 00:43:03,400 --> 00:43:05,680 Speaker 1: one World Series winning there, right, right, Yeah, that was 923 00:43:06,800 --> 00:43:09,160 Speaker 1: obviously that was the best year in Atlanta sports history. 924 00:43:09,400 --> 00:43:12,920 Speaker 1: But um, yeah, it's really like there were fourteen division championships, 925 00:43:12,920 --> 00:43:15,680 Speaker 1: Matt and just one World Series win. Or you think about, 926 00:43:15,760 --> 00:43:17,719 Speaker 1: you know, what happened to the Falcons in the Super 927 00:43:17,760 --> 00:43:21,680 Speaker 1: Bowl against the Patriots. I think the ESPN in the 928 00:43:21,800 --> 00:43:24,319 Speaker 1: three lead that they completely blew. Yeah, let's not talk 929 00:43:24,360 --> 00:43:26,239 Speaker 1: about it. Okay, it's still hurts. And I'm just a 930 00:43:26,280 --> 00:43:28,520 Speaker 1: huge Falcons fan and so for me, like, I don't 931 00:43:28,640 --> 00:43:31,080 Speaker 1: I'm not either at all when I hear that, really, 932 00:43:31,080 --> 00:43:33,160 Speaker 1: but I remember watching that and just it was devastating 933 00:43:33,200 --> 00:43:35,120 Speaker 1: still as someone who's like, I don't really go to 934 00:43:35,160 --> 00:43:37,799 Speaker 1: Falcons games, but it was unbelievable. Yeah, it was. It 935 00:43:37,920 --> 00:43:40,040 Speaker 1: was it was, and it just felt so Atlanta when 936 00:43:40,080 --> 00:43:42,440 Speaker 1: it happened. It was like, Okay, this is is what 937 00:43:42,480 --> 00:43:44,520 Speaker 1: happens like when you're here in Atlanta sports fan, UM, 938 00:43:44,560 --> 00:43:46,360 Speaker 1: and I feel like you still see the grimace on 939 00:43:46,440 --> 00:43:49,040 Speaker 1: people's faces when the topic comes up, like you probably 940 00:43:49,080 --> 00:43:51,800 Speaker 1: just saw on mine. But yeah, like I think the 941 00:43:52,600 --> 00:43:55,880 Speaker 1: lesson that we can derive from this is finishing strong 942 00:43:55,960 --> 00:43:58,879 Speaker 1: is important. Right in our Atlanta sports teams UM haven't 943 00:43:58,920 --> 00:44:01,120 Speaker 1: seemed to really get that or do well with that. 944 00:44:01,480 --> 00:44:03,360 Speaker 1: But when it comes to our money, that's a really 945 00:44:03,440 --> 00:44:06,719 Speaker 1: really important thing for us to figure out. I think 946 00:44:06,760 --> 00:44:09,839 Speaker 1: like we all have the ability and the possibility of 947 00:44:09,960 --> 00:44:12,000 Speaker 1: self sabotage when it comes to when it comes to 948 00:44:12,000 --> 00:44:14,080 Speaker 1: our money or you know, in lots of areas of 949 00:44:14,080 --> 00:44:16,200 Speaker 1: our lives. But even if you've been able to make 950 00:44:16,239 --> 00:44:19,600 Speaker 1: sustained progress on your money over quite a period of time, 951 00:44:20,080 --> 00:44:22,960 Speaker 1: it's possible to throw a lot of that effort away 952 00:44:23,120 --> 00:44:25,560 Speaker 1: in a moment of weakness, right, or to let our 953 00:44:25,600 --> 00:44:29,200 Speaker 1: habits atrophy over time. I think having regular check ins 954 00:44:29,239 --> 00:44:31,319 Speaker 1: to make sure that you aren't losing steam and that 955 00:44:31,360 --> 00:44:35,320 Speaker 1: you're still working towards those bigger goals is crucial because 956 00:44:35,360 --> 00:44:37,479 Speaker 1: it's easy to get away from something good that you've 957 00:44:37,560 --> 00:44:40,960 Speaker 1: started and then to to lose that progress. Um And 958 00:44:41,040 --> 00:44:42,719 Speaker 1: you don't want to be like the falcons in the 959 00:44:42,719 --> 00:44:45,080 Speaker 1: fourth quarter of that game, giving it all away in 960 00:44:45,200 --> 00:44:46,680 Speaker 1: just like a short period of time, something that you 961 00:44:46,760 --> 00:44:50,239 Speaker 1: worked over a really long period of time to accumulate. 962 00:44:50,600 --> 00:44:52,759 Speaker 1: That's right. We want you to finish strong with your 963 00:44:52,760 --> 00:44:55,200 Speaker 1: personal finances. We don't want you to choke in the 964 00:44:55,239 --> 00:44:58,080 Speaker 1: fourth quarter and get and give up like ning ton 965 00:44:58,120 --> 00:45:02,680 Speaker 1: of points or the nitherinning or stoppage time. Uh. We 966 00:45:02,840 --> 00:45:05,760 Speaker 1: love our city. We're huge fans of Atlanta and hopefully 967 00:45:05,840 --> 00:45:08,520 Speaker 1: you gotta just like a little taste of Atlanta history here, 968 00:45:08,800 --> 00:45:12,479 Speaker 1: so many Atlanta history lessons in addition to some money help. 969 00:45:12,520 --> 00:45:15,200 Speaker 1: On today's episode, we feel that the four or four 970 00:45:15,320 --> 00:45:17,880 Speaker 1: it's an excellent place to live. We'd encourage you to 971 00:45:17,960 --> 00:45:20,440 Speaker 1: check it out for many of the beneficial reasons that 972 00:45:20,520 --> 00:45:22,960 Speaker 1: we mentioned on today's episode. Yeah, I feel like we're 973 00:45:23,480 --> 00:45:26,279 Speaker 1: really experiencing Atlanta during its heyday right now too. I mean, 974 00:45:26,640 --> 00:45:28,360 Speaker 1: you know, Sherman tried to have his way back in 975 00:45:28,440 --> 00:45:30,879 Speaker 1: the eighteen sixties and demolish it, but it's like, no way, man. 976 00:45:30,920 --> 00:45:34,640 Speaker 1: We we really are like the Phoenix. Our city represents 977 00:45:34,680 --> 00:45:36,480 Speaker 1: that well. And I feel like right now is the 978 00:45:36,560 --> 00:45:39,080 Speaker 1: time when Atlanta is that it's most vibrant. Uh. It's 979 00:45:39,160 --> 00:45:40,919 Speaker 1: kind of exciting to see it. So it's really fun 980 00:45:40,960 --> 00:45:42,359 Speaker 1: to be a part of it. And so yeah, most 981 00:45:42,400 --> 00:45:44,400 Speaker 1: of our listeners should probably think about moving here. But 982 00:45:45,239 --> 00:45:46,680 Speaker 1: let's get back to the beer that we had, Matt. 983 00:45:46,680 --> 00:45:48,720 Speaker 1: This is a local beer from one of our favorite 984 00:45:48,760 --> 00:45:51,839 Speaker 1: local group pubs. It's called Siberius Maximus by Wrecking Bar 985 00:45:52,040 --> 00:45:55,120 Speaker 1: Group UB. It is a Russian Imperial stouts. What were 986 00:45:55,160 --> 00:45:57,839 Speaker 1: your thoughts on this one. Yeah, this one was very 987 00:45:58,160 --> 00:46:01,000 Speaker 1: very delicious. That poured super black. You can catch a 988 00:46:01,000 --> 00:46:04,279 Speaker 1: whiff of it, and obviously there was like roasty, like 989 00:46:04,360 --> 00:46:08,480 Speaker 1: dark roasty notes, but almost like a boozy chocolate vibe 990 00:46:08,560 --> 00:46:11,480 Speaker 1: going on. That was I felt immediately followed by like 991 00:46:11,520 --> 00:46:14,200 Speaker 1: some vanilla and some coconuts. Uh. And as soon as 992 00:46:14,239 --> 00:46:16,680 Speaker 1: you took that sip, like all of those flavors. Because 993 00:46:16,680 --> 00:46:18,799 Speaker 1: sometimes the notes that you pick up by smelling it 994 00:46:18,840 --> 00:46:22,080 Speaker 1: doesn't always translate to flavor. But every single one of 995 00:46:22,120 --> 00:46:24,120 Speaker 1: those notes, I feel like that that I was smelling 996 00:46:24,719 --> 00:46:29,360 Speaker 1: directly translated to on my on my tongue. This was 997 00:46:29,400 --> 00:46:32,120 Speaker 1: like a masterpiece, I would say, uh. And I like 998 00:46:32,320 --> 00:46:34,840 Speaker 1: a good Russian Imperial stout, although it's a style I 999 00:46:34,840 --> 00:46:38,520 Speaker 1: don't drink very often because it is so big and 1000 00:46:38,840 --> 00:46:42,120 Speaker 1: so bitter most of the time, and this one was 1001 00:46:42,400 --> 00:46:44,879 Speaker 1: This might be the best Russian Imperial stout I've ever had. 1002 00:46:45,000 --> 00:46:47,680 Speaker 1: A fantastic example of this style, yeah, for sure, And 1003 00:46:48,000 --> 00:46:50,880 Speaker 1: I think sometimes they are overly bitter. This one had 1004 00:46:50,920 --> 00:46:53,279 Speaker 1: a lot of bitter dark chocolate notes, and I love 1005 00:46:53,360 --> 00:46:55,760 Speaker 1: dark chocolate, Like, give me dark chocolate over milk chocolate 1006 00:46:55,800 --> 00:46:57,600 Speaker 1: any day of the week. And this one was like 1007 00:46:57,680 --> 00:47:01,280 Speaker 1: exactly the flavors I wanted to experience and was hoping 1008 00:47:01,320 --> 00:47:04,680 Speaker 1: to experience and I got to. So, Yeah, it was 1009 00:47:04,760 --> 00:47:07,440 Speaker 1: bitter dark chocolate without being just like over the top bidder. 1010 00:47:07,640 --> 00:47:09,520 Speaker 1: And I'm sure they put extra special care and attention 1011 00:47:09,560 --> 00:47:13,560 Speaker 1: into this one because it's their tenth anniversary beer. But yeah, really, 1012 00:47:13,640 --> 00:47:16,520 Speaker 1: everything that we've had from Wrecking Bar, it's pretty much 1013 00:47:16,520 --> 00:47:18,960 Speaker 1: a great beer. So but this one was maybe one 1014 00:47:19,000 --> 00:47:20,920 Speaker 1: of the best we've ever had. Yeah, we're lucky to 1015 00:47:20,920 --> 00:47:23,560 Speaker 1: have that group pub just right up the street from us, 1016 00:47:23,960 --> 00:47:25,959 Speaker 1: and this is a very special one. It doesn't doesn't 1017 00:47:25,960 --> 00:47:27,880 Speaker 1: say it on the bottle, but this is a how 1018 00:47:27,920 --> 00:47:29,719 Speaker 1: do you say it? Like a couve a. So this 1019 00:47:29,760 --> 00:47:32,239 Speaker 1: is a blend of multiple batches that they had in 1020 00:47:32,360 --> 00:47:36,280 Speaker 1: order to craft the perfect anniversary, using the best versions 1021 00:47:36,760 --> 00:47:41,000 Speaker 1: to create the epic version. Absolutely. So, if you are 1022 00:47:41,040 --> 00:47:43,000 Speaker 1: in Atlanta and you are looking to check out a 1023 00:47:43,239 --> 00:47:46,000 Speaker 1: great group pub that's got fantastic food and really good beer, 1024 00:47:46,080 --> 00:47:48,399 Speaker 1: check out Wrecking Bar. But Joel, that's gonna be it 1025 00:47:48,440 --> 00:47:51,359 Speaker 1: for Money Talk for Today listeners. You can find our 1026 00:47:51,360 --> 00:47:53,319 Speaker 1: show notes up on our website at how the Money 1027 00:47:53,320 --> 00:47:55,040 Speaker 1: dot com. We'll make sure to link to any of 1028 00:47:55,080 --> 00:47:57,400 Speaker 1: the previous episodes or any of the different resources we 1029 00:47:57,440 --> 00:48:00,600 Speaker 1: may have mentioned during this episode, and you can find 1030 00:48:00,600 --> 00:48:03,239 Speaker 1: that up at how to money dot com. That's right, 1031 00:48:03,280 --> 00:48:06,520 Speaker 1: but until next time, Buddy, best Friends Out, Best Friends Out,