1 00:00:00,080 --> 00:00:02,800 Speaker 1: Welcome to How the Money. I'm Joel, I'm Matt. 2 00:00:02,920 --> 00:00:06,880 Speaker 2: Today we're talking about being keen on cash ai grannies 3 00:00:07,280 --> 00:00:09,400 Speaker 2: and timing incoming tariffs. 4 00:00:28,040 --> 00:00:28,760 Speaker 1: You know it, buddy. 5 00:00:28,800 --> 00:00:31,639 Speaker 3: This is our Friday flight, our weekly roundup of what's 6 00:00:31,640 --> 00:00:33,600 Speaker 3: going out there in the world, how it's going to 7 00:00:33,720 --> 00:00:35,760 Speaker 3: impact your money, what it is that you should be 8 00:00:35,800 --> 00:00:36,559 Speaker 3: doing about it. 9 00:00:36,920 --> 00:00:38,600 Speaker 1: Should we Uh? Let's tell folks about the. 10 00:00:39,000 --> 00:00:44,599 Speaker 3: Listener who emailed and shared the predatory loan deferment. Did 11 00:00:44,600 --> 00:00:45,559 Speaker 3: you did you look at that? 12 00:00:45,560 --> 00:00:46,040 Speaker 1: Pretty cool? 13 00:00:46,280 --> 00:00:48,559 Speaker 2: It's okay, so okay, it's really fascinating. This is one 14 00:00:48,600 --> 00:00:50,600 Speaker 2: of those things where you might get something in the 15 00:00:50,680 --> 00:00:54,800 Speaker 2: mail that sounds nice and then ultimately it's naughty. I'm 16 00:00:54,880 --> 00:00:56,640 Speaker 2: using that terminology this time of you're Matt because you 17 00:00:56,680 --> 00:00:57,560 Speaker 2: know we're getting. 18 00:00:57,280 --> 00:00:58,160 Speaker 1: Close to this the season. 19 00:00:58,240 --> 00:01:01,840 Speaker 3: Yeah, why, it's naughty and so what I'm not that 20 00:01:01,960 --> 00:01:03,000 Speaker 3: kind of nay, not that kind. 21 00:01:02,840 --> 00:01:05,520 Speaker 2: Of not too naughty, but but bad, like really bad 22 00:01:05,600 --> 00:01:08,600 Speaker 2: for your finances. And listener Devin sent us an email, 23 00:01:08,640 --> 00:01:13,640 Speaker 2: and he sent us a picture of the of the 24 00:01:13,640 --> 00:01:15,680 Speaker 2: the literature he got from his bank in the mail, 25 00:01:15,840 --> 00:01:19,280 Speaker 2: and they basically said, hey, this is like a Christmas 26 00:01:19,319 --> 00:01:22,760 Speaker 2: benefit for you. Why don't we let you skip your 27 00:01:22,880 --> 00:01:25,520 Speaker 2: car payment this month? And that sounds really nice on 28 00:01:25,560 --> 00:01:27,280 Speaker 2: its face, and until you look at the fine print. 29 00:01:27,160 --> 00:01:29,160 Speaker 3: Yea, and specifically yes, it was the fact that they 30 00:01:29,200 --> 00:01:32,200 Speaker 3: were capitalizing on the fact that folks have little unexpected 31 00:01:32,360 --> 00:01:34,200 Speaker 3: expenses here at the end of the year, and man, 32 00:01:34,240 --> 00:01:35,800 Speaker 3: it costs a lot of money to buy all the 33 00:01:35,800 --> 00:01:37,840 Speaker 3: different presents you have. Wouldn't it be great you need 34 00:01:37,840 --> 00:01:38,959 Speaker 3: to buy for for all the. 35 00:01:38,959 --> 00:01:40,839 Speaker 2: Because you have to spend so much on these gifts 36 00:01:40,880 --> 00:01:42,440 Speaker 2: if you didn't have a car payment this month, and 37 00:01:42,480 --> 00:01:43,440 Speaker 2: people are probably like. 38 00:01:43,480 --> 00:01:45,720 Speaker 3: Yeah, it would be great, thanks guys. I thought it 39 00:01:45,800 --> 00:01:47,320 Speaker 3: was for a I thought it was a mortgage. I 40 00:01:47,319 --> 00:01:49,840 Speaker 3: think it was his car payment. Yeah, I mean a mortgage. 41 00:01:50,000 --> 00:01:52,200 Speaker 3: But either way, yeah, they were saying, hey, you can 42 00:01:52,280 --> 00:01:54,960 Speaker 3: skip a payment. But guess what, there's this massive. 43 00:01:54,600 --> 00:01:56,880 Speaker 1: Fee and so basically. 44 00:01:56,520 --> 00:01:59,840 Speaker 3: A thinking nature of having to pay more via this 45 00:02:00,200 --> 00:02:01,400 Speaker 3: that they're attacking onto the loan. 46 00:02:01,400 --> 00:02:02,960 Speaker 2: If you think about the part that I what they 47 00:02:03,040 --> 00:02:04,920 Speaker 2: Let's say the car payment was seven hundred and fifty 48 00:02:04,920 --> 00:02:06,800 Speaker 2: bucks a month. I don't know what Devon's car payment is, 49 00:02:06,840 --> 00:02:09,440 Speaker 2: but I think the deferment fee was like almost two 50 00:02:09,560 --> 00:02:12,080 Speaker 2: hundred and fifty dollars. So, yeah, you pay less in 51 00:02:12,120 --> 00:02:15,240 Speaker 2: that given month, but you don't make any dent in 52 00:02:15,280 --> 00:02:17,360 Speaker 2: your car payment. You're going to be paying that car 53 00:02:17,440 --> 00:02:19,320 Speaker 2: for longer. You're going to be paying extra interest. And 54 00:02:19,320 --> 00:02:22,080 Speaker 2: when you think about, like how massive that fee is 55 00:02:22,120 --> 00:02:23,600 Speaker 2: compared to being able to skip a month, I guess 56 00:02:23,680 --> 00:02:24,560 Speaker 2: it was like five bucks. 57 00:02:24,600 --> 00:02:25,280 Speaker 1: I'd tell people. 58 00:02:25,360 --> 00:02:28,040 Speaker 2: Yeah, I get, I don't know, maybe, but it's so 59 00:02:28,320 --> 00:02:31,000 Speaker 2: ridiculous and predatory to send this out to people this 60 00:02:31,080 --> 00:02:34,440 Speaker 2: time of year, especially when they're feeling like a holiday pinch, 61 00:02:35,200 --> 00:02:37,320 Speaker 2: and they're only going to be pinched even more by 62 00:02:37,320 --> 00:02:39,320 Speaker 2: taking advantage of this ridiculously crummey offer. 63 00:02:39,360 --> 00:02:39,520 Speaker 1: Yeah. 64 00:02:39,560 --> 00:02:42,040 Speaker 3: Man, it's a bad idea. It feels like a financial 65 00:02:42,480 --> 00:02:45,919 Speaker 3: wolf in sheep's clothing, and in this case, it's an 66 00:02:45,960 --> 00:02:46,600 Speaker 3: offer that's. 67 00:02:46,480 --> 00:02:47,280 Speaker 1: Too good to be true. 68 00:02:47,360 --> 00:02:49,320 Speaker 2: Yeah, I mean that's kind of stuff happens all the 69 00:02:49,360 --> 00:02:52,120 Speaker 2: time in finance. It's like if it sounds really great 70 00:02:52,560 --> 00:02:54,919 Speaker 2: and you're like, why would they do this for me? Well, 71 00:02:54,960 --> 00:02:57,960 Speaker 2: there's probably something hidden behind the curtain, and yeah, might 72 00:02:58,000 --> 00:02:58,880 Speaker 2: want to peek a little further. 73 00:02:58,880 --> 00:02:59,440 Speaker 1: There's a catch. 74 00:03:00,040 --> 00:03:02,440 Speaker 3: So Joe, I'm not sure how the whole Black Friday, 75 00:03:02,440 --> 00:03:05,280 Speaker 3: how the whole Cyber Monday thing went for everyone out there. 76 00:03:05,360 --> 00:03:08,720 Speaker 3: Did you stock up on any any final last minute 77 00:03:08,760 --> 00:03:10,840 Speaker 3: it's not last minute, but any final items. Because you 78 00:03:10,880 --> 00:03:13,280 Speaker 3: said that you had all your your shove and done 79 00:03:13,400 --> 00:03:15,840 Speaker 3: like back in October, I've got no. 80 00:03:16,000 --> 00:03:17,760 Speaker 2: I've got almost all my shopping done at this point 81 00:03:17,800 --> 00:03:21,400 Speaker 2: now though, including including your Christmas slash Birthday present. 82 00:03:21,480 --> 00:03:23,760 Speaker 3: You said that before, so I'm curious to see what 83 00:03:24,240 --> 00:03:26,320 Speaker 3: that is. Actually, it's funny that you mentioned that I 84 00:03:27,200 --> 00:03:29,400 Speaker 3: was able to. I don't know if this item was 85 00:03:29,400 --> 00:03:32,360 Speaker 3: previously on sale, but there was a discount, and I 86 00:03:32,360 --> 00:03:34,160 Speaker 3: got your Christmas item. 87 00:03:34,000 --> 00:03:36,480 Speaker 1: Okay, and I better being intended to switch. That's all 88 00:03:36,480 --> 00:03:38,080 Speaker 1: I really want. Oh, well, you've. 89 00:03:37,920 --> 00:03:39,560 Speaker 3: Already talked about that. You got that for your kids. 90 00:03:39,600 --> 00:03:41,400 Speaker 3: You can play on theirs, but I did check with 91 00:03:41,400 --> 00:03:44,320 Speaker 3: your wife to confirm that nobody else. I thought there's 92 00:03:44,320 --> 00:03:46,400 Speaker 3: a chance I'm gonna give it away. I'm going to stop, 93 00:03:47,840 --> 00:03:50,480 Speaker 3: hopefully surprises hopefully with everyone else out there that you 94 00:03:50,480 --> 00:03:54,000 Speaker 3: stuck to your list as well as your budget. One 95 00:03:54,040 --> 00:03:56,640 Speaker 3: thing to consider if you find your spending getting out 96 00:03:56,640 --> 00:04:00,320 Speaker 3: of control is to stop using credit cards, basically by 97 00:04:00,440 --> 00:04:02,880 Speaker 3: sticking with cash for holiday spending. 98 00:04:03,240 --> 00:04:05,600 Speaker 1: That could make it a lot easier to stick to 99 00:04:05,600 --> 00:04:06,120 Speaker 1: your budget. 100 00:04:06,200 --> 00:04:08,920 Speaker 3: A Boston University professor just wrote about that, and he 101 00:04:09,040 --> 00:04:13,160 Speaker 3: says that a simple budget it is insufficient because we 102 00:04:13,200 --> 00:04:15,920 Speaker 3: can't trust ourselves. I guess right, yeah, well, especially see 103 00:04:15,920 --> 00:04:18,040 Speaker 3: a good discount is hard to not spend on yourself 104 00:04:18,160 --> 00:04:21,440 Speaker 3: as well. We need these finite limits. We need something 105 00:04:21,520 --> 00:04:24,719 Speaker 3: a little more tangible, at a little more tactile in 106 00:04:24,760 --> 00:04:28,800 Speaker 3: a time of weak willpower. And guess what cash is 107 00:04:28,920 --> 00:04:31,920 Speaker 3: stepping up to the plate. It is instilling that for us. 108 00:04:32,279 --> 00:04:35,360 Speaker 3: And as professor, he's basically hearkening back to the cash 109 00:04:35,520 --> 00:04:36,560 Speaker 3: envelope method. 110 00:04:37,040 --> 00:04:38,280 Speaker 1: It sounds so quaint these days. 111 00:04:38,360 --> 00:04:40,719 Speaker 3: Yeah, basically when the cash runs out, well you don't 112 00:04:40,720 --> 00:04:45,479 Speaker 3: get to spend anymore. So there's certainly wisdom there. I 113 00:04:45,560 --> 00:04:48,039 Speaker 3: don't do that myself. I like credit cards and for 114 00:04:48,080 --> 00:04:51,000 Speaker 3: folks who use them wisely, I think you can have 115 00:04:51,080 --> 00:04:53,600 Speaker 3: your cake and eat it too, But it's still going 116 00:04:53,600 --> 00:04:56,080 Speaker 3: to be easier to overspend get into trouble when you're 117 00:04:56,080 --> 00:04:59,400 Speaker 3: paying with plastic. It's not for everyone, but I do 118 00:04:59,440 --> 00:05:02,760 Speaker 3: think opting for for cash over credit cards that could 119 00:05:02,760 --> 00:05:06,880 Speaker 3: prevent somehow money listeners out there from experiencing that holiday 120 00:05:07,000 --> 00:05:09,360 Speaker 3: that hangover that we're looking for folks to avoid. We 121 00:05:09,400 --> 00:05:12,440 Speaker 3: don't want you paying on this Christmas well into the 122 00:05:12,480 --> 00:05:12,840 Speaker 3: next year. 123 00:05:12,920 --> 00:05:14,840 Speaker 2: Yeah, well, I think I saw a recent stat maybe 124 00:05:14,839 --> 00:05:17,000 Speaker 2: from wallet hub. I think it set something like twenty 125 00:05:17,040 --> 00:05:19,719 Speaker 2: eight percent of people are still paying off their Christmas 126 00:05:19,720 --> 00:05:21,520 Speaker 2: gifts from twenty twenty three. 127 00:05:21,600 --> 00:05:22,200 Speaker 1: That's the worst. 128 00:05:22,279 --> 00:05:24,440 Speaker 2: That is frightening, right, And there's a lot of people 129 00:05:24,480 --> 00:05:26,400 Speaker 2: even much higher percentage that are still paying for it 130 00:05:26,440 --> 00:05:29,600 Speaker 2: into just even early spring. But I think this is 131 00:05:29,600 --> 00:05:32,040 Speaker 2: a different strokes for different folks kind of thing, and 132 00:05:32,120 --> 00:05:34,000 Speaker 2: for the people who do find that they're spending getting 133 00:05:34,040 --> 00:05:36,880 Speaker 2: out of control using plastic, Yeah, switching to cash could 134 00:05:36,880 --> 00:05:39,200 Speaker 2: make sense because it's probably going to force you to 135 00:05:39,240 --> 00:05:41,280 Speaker 2: go in stores as well, Like you're not going to 136 00:05:41,320 --> 00:05:44,560 Speaker 2: be able to pay cash for stuff online, which is 137 00:05:44,600 --> 00:05:48,080 Speaker 2: an inconvenience. But that inconvenience, I think is the point 138 00:05:48,720 --> 00:05:51,200 Speaker 2: you to meg it harder for you to spend that money. 139 00:05:51,240 --> 00:05:54,679 Speaker 2: You want to be inconvenienced in order to spend less. 140 00:05:54,920 --> 00:05:57,240 Speaker 2: Something else that causes us to spend more, though, Matt, 141 00:05:57,680 --> 00:06:00,520 Speaker 2: is when we get fast delivery, which is it's just 142 00:06:00,800 --> 00:06:02,960 Speaker 2: far more the case these days than it was just 143 00:06:03,000 --> 00:06:06,320 Speaker 2: a few years ago. The more quickly items show up, 144 00:06:06,800 --> 00:06:08,920 Speaker 2: the more you go back to the well and order more, 145 00:06:08,960 --> 00:06:10,040 Speaker 2: you're like, oh, that get it. 146 00:06:10,160 --> 00:06:10,720 Speaker 1: That was nice. 147 00:06:11,160 --> 00:06:13,560 Speaker 2: It's like if there's no delay between the buying and 148 00:06:13,560 --> 00:06:16,200 Speaker 2: the getting, and there's so much less of a delay 149 00:06:16,240 --> 00:06:18,200 Speaker 2: these days, we're inclined to spend more. 150 00:06:18,120 --> 00:06:20,240 Speaker 3: Less time for reflection on whether or not that purchase 151 00:06:20,279 --> 00:06:22,719 Speaker 3: actually satisfied that whole in your heart. 152 00:06:22,800 --> 00:06:25,080 Speaker 2: That's right, and this I think that's true. And then 153 00:06:25,200 --> 00:06:27,279 Speaker 2: you know, this is why the big retailers are investing 154 00:06:27,640 --> 00:06:30,720 Speaker 2: so much money, No yeah, in their speedy delivery processes. 155 00:06:30,760 --> 00:06:34,000 Speaker 2: I mean, Walmart says they now offer same day delivery 156 00:06:34,200 --> 00:06:35,840 Speaker 2: to eighty six percent of Americans. 157 00:06:35,920 --> 00:06:36,560 Speaker 1: Really impressive. 158 00:06:36,640 --> 00:06:38,640 Speaker 2: I mean, I guess you're like, in if you're in 159 00:06:38,680 --> 00:06:40,560 Speaker 2: like rural Idaho or something like that, you're part of 160 00:06:40,600 --> 00:06:42,600 Speaker 2: that fourteen percent and you don't you might not get 161 00:06:42,680 --> 00:06:43,839 Speaker 2: your delivery the same day. 162 00:06:43,839 --> 00:06:46,240 Speaker 3: But well, in specifically Walmart, man, they've really like, I mean, 163 00:06:46,279 --> 00:06:49,400 Speaker 3: they have stepped up their offerings because and maybe everybody 164 00:06:49,400 --> 00:06:50,120 Speaker 3: else has already done this. 165 00:06:50,160 --> 00:06:53,279 Speaker 1: I recently used their local pickups. 166 00:06:53,360 --> 00:06:56,479 Speaker 3: I was getting taking advantage of a deal online, and 167 00:06:56,640 --> 00:06:57,800 Speaker 3: of course it was going to show up while we're 168 00:06:57,800 --> 00:06:58,200 Speaker 3: out of town. 169 00:06:58,279 --> 00:06:59,560 Speaker 1: So I was like, all right, dang it. So I 170 00:06:59,600 --> 00:07:01,480 Speaker 1: opted for the local pickup. Have you ever done that 171 00:07:01,480 --> 00:07:01,920 Speaker 1: with Walmart? 172 00:07:01,960 --> 00:07:05,960 Speaker 3: Specifically, if you pull in it's via the appy pull in, 173 00:07:06,160 --> 00:07:08,440 Speaker 3: you let them know you're whatever parking spot you're in. Dude, 174 00:07:08,440 --> 00:07:10,560 Speaker 3: I only sat there for like thirty seconds before she 175 00:07:10,680 --> 00:07:12,280 Speaker 3: was walking out with my items. 176 00:07:12,480 --> 00:07:13,800 Speaker 1: I was super impressed. 177 00:07:14,160 --> 00:07:17,240 Speaker 3: I also had to fight the feeling of feeling like 178 00:07:17,280 --> 00:07:21,840 Speaker 3: a lazy slob for just sitting there luxurious minima while 179 00:07:21,840 --> 00:07:24,320 Speaker 3: somebody else write it out to me. But in that case, 180 00:07:24,360 --> 00:07:26,160 Speaker 3: I had a lot to do, so I was like 181 00:07:26,200 --> 00:07:27,840 Speaker 3: optimizing for that's what you need to keep in mind. 182 00:07:27,840 --> 00:07:29,400 Speaker 3: I was looking to get a bunch done. Yeah, I 183 00:07:29,400 --> 00:07:30,880 Speaker 3: guess I'm just glad to see that there's a good 184 00:07:30,920 --> 00:07:34,480 Speaker 3: competitor to what Amazon is offering because they have something similar. 185 00:07:34,480 --> 00:07:36,680 Speaker 3: I guess them get into parking space, and so there's 186 00:07:36,720 --> 00:07:38,840 Speaker 3: all sorts of ways that you can get your stuff. 187 00:07:38,880 --> 00:07:39,120 Speaker 1: Now. 188 00:07:39,480 --> 00:07:42,200 Speaker 2: I think the laziest though, is to say, like, oh, well, 189 00:07:42,240 --> 00:07:44,440 Speaker 2: bring it to me sometime between three and five when 190 00:07:44,480 --> 00:07:47,360 Speaker 2: you order it that morning. And the truth is, too 191 00:07:47,400 --> 00:07:50,280 Speaker 2: we're seeing more deliveries that people can get in thirty 192 00:07:50,320 --> 00:07:52,760 Speaker 2: minutes or less, which is crazy, like I don't even 193 00:07:52,800 --> 00:07:56,080 Speaker 2: know how that works. But you know, Amazon crushes on 194 00:07:56,120 --> 00:07:59,080 Speaker 2: this front. They really started the fast shipping revolution when 195 00:07:59,120 --> 00:08:02,400 Speaker 2: they launched Amas on Prime. But I think the lesson 196 00:08:02,400 --> 00:08:04,640 Speaker 2: here is just because you can get your stuff more quickly, 197 00:08:04,680 --> 00:08:07,360 Speaker 2: it doesn't mean you should. I think it can help 198 00:08:07,400 --> 00:08:11,280 Speaker 2: to fuel a consumeristic addiction. And I think there really 199 00:08:11,360 --> 00:08:15,120 Speaker 2: is kind of an addiction mentality to the way we 200 00:08:15,160 --> 00:08:18,960 Speaker 2: shop sometimes. And if we just kind of lengthen the 201 00:08:19,000 --> 00:08:23,120 Speaker 2: gap between the stimulus and the response, between the purchase 202 00:08:23,480 --> 00:08:26,920 Speaker 2: and the beginning of the purchase, I think that will lessen, 203 00:08:27,000 --> 00:08:29,960 Speaker 2: maybe or reduce our addiction to buying stuff. 204 00:08:30,200 --> 00:08:32,680 Speaker 1: And even if it doesn't cost you more to offer 205 00:08:32,720 --> 00:08:35,960 Speaker 1: a faster delivery, I think there are still benefits to 206 00:08:36,000 --> 00:08:36,920 Speaker 1: saying no. Yeah. 207 00:08:36,920 --> 00:08:38,720 Speaker 3: Well, And so I inferred this when I was mentioning 208 00:08:38,760 --> 00:08:40,720 Speaker 3: that story about going to pick up that item in person. 209 00:08:40,800 --> 00:08:42,839 Speaker 3: Those are pretty expensive item. But the reason I did 210 00:08:42,840 --> 00:08:44,400 Speaker 3: that was because I didn't want it sitting there at 211 00:08:44,480 --> 00:08:48,160 Speaker 3: my door four days, risking the chance of getting stolen. 212 00:08:48,520 --> 00:08:51,520 Speaker 3: And value Penguin the site they estimate that half of 213 00:08:51,559 --> 00:08:53,680 Speaker 3: Americans are going to have a package stolen off their 214 00:08:53,720 --> 00:08:55,160 Speaker 3: porch this holiday season. 215 00:08:55,600 --> 00:08:58,360 Speaker 2: Half that's why I have a That's why I have 216 00:08:58,679 --> 00:09:01,480 Speaker 2: a well hit bear trap. And I'm like, listen, you're 217 00:09:01,480 --> 00:09:03,840 Speaker 2: gonna get your leg bit by this thing if you 218 00:09:03,920 --> 00:09:04,600 Speaker 2: jump on my porch. 219 00:09:04,720 --> 00:09:06,479 Speaker 1: Oh my gosh. But home alone. 220 00:09:06,200 --> 00:09:09,400 Speaker 3: Style you can thwart the thieves. And you can do this, 221 00:09:09,920 --> 00:09:14,320 Speaker 3: of course by buying more stuff. Folks are actually buying 222 00:09:14,559 --> 00:09:17,559 Speaker 3: cameras and specific lock boxes. So not too different than 223 00:09:17,559 --> 00:09:19,360 Speaker 3: what you're saying there, Jill about a bear trap in 224 00:09:19,440 --> 00:09:21,960 Speaker 3: order to keep their newly delivered items safe. 225 00:09:22,000 --> 00:09:23,200 Speaker 1: Just a different strategy, Matt. 226 00:09:23,400 --> 00:09:25,720 Speaker 3: And on top of that, there's actually a new insurance 227 00:09:25,720 --> 00:09:30,079 Speaker 3: product from the startup. It's called porch Pals. Sounds so friendly, 228 00:09:31,040 --> 00:09:33,600 Speaker 3: but you pay one hundred and twenty dollars and I 229 00:09:33,600 --> 00:09:35,679 Speaker 3: don't think there's any coincidence. By the way, how much 230 00:09:35,720 --> 00:09:37,840 Speaker 3: is it Amazon Prime? Amazon Prime used to be one 231 00:09:37,880 --> 00:09:41,920 Speaker 3: twenty fifty, But it's like, oh, that's something that you 232 00:09:42,040 --> 00:09:43,840 Speaker 3: just assume you're going to pay. I bet that was 233 00:09:43,880 --> 00:09:46,680 Speaker 3: totally strategic. But by paying that, they'll protect up to 234 00:09:46,720 --> 00:09:49,400 Speaker 3: two thousand dollars worth of stolen goods in a given year. 235 00:09:49,679 --> 00:09:52,400 Speaker 3: And so the one twenty is also for an annual 236 00:09:53,000 --> 00:09:55,720 Speaker 3: premium essentially, But it's just crazy that it's come to this. 237 00:09:56,640 --> 00:09:58,240 Speaker 3: But at the same time, it might be a reasonable 238 00:09:58,240 --> 00:10:00,240 Speaker 3: buy for some folks out there who are making a 239 00:10:00,280 --> 00:10:00,880 Speaker 3: lot of purchases. 240 00:10:01,160 --> 00:10:02,520 Speaker 1: Like, one hand, it seems to give you a lot 241 00:10:02,559 --> 00:10:03,679 Speaker 1: of bigger an extra purchase. 242 00:10:03,840 --> 00:10:06,640 Speaker 3: Yeah, on one hand, it seems like silly, but on 243 00:10:06,640 --> 00:10:08,480 Speaker 3: the other hand, it's like, well, this is a new 244 00:10:08,559 --> 00:10:12,080 Speaker 3: need that folks have and it might actually. 245 00:10:11,760 --> 00:10:12,520 Speaker 1: Be worth considering. 246 00:10:12,600 --> 00:10:15,199 Speaker 3: Especially we spent some time with our with my brother 247 00:10:15,240 --> 00:10:17,680 Speaker 3: in law and they live out in the middle of nowhere. 248 00:10:17,679 --> 00:10:20,679 Speaker 3: They get a lot of stuff delivered ingranted. I think 249 00:10:20,720 --> 00:10:22,839 Speaker 3: they live in a neighborhood where they don't have to 250 00:10:22,840 --> 00:10:25,480 Speaker 3: worry about porch pirates, I guess. But that being said, 251 00:10:25,520 --> 00:10:27,319 Speaker 3: there's a lot of folks who are getting the vast 252 00:10:27,480 --> 00:10:31,320 Speaker 3: majority of items that there they're purchasing delivered to their door. 253 00:10:31,360 --> 00:10:34,400 Speaker 2: I think it's also worth reaching out to the retailer 254 00:10:34,559 --> 00:10:37,840 Speaker 2: if your package gets stolen, because sometimes the retailer, especially 255 00:10:37,840 --> 00:10:39,880 Speaker 2: if you have evidence like video evidence, they will just 256 00:10:40,040 --> 00:10:43,400 Speaker 2: refund or send you another product. This happens all the 257 00:10:44,480 --> 00:10:48,040 Speaker 2: My wife actually has a free Apple Watch because the 258 00:10:48,120 --> 00:10:50,800 Speaker 2: people who lived in the house before us had the 259 00:10:50,960 --> 00:10:53,840 Speaker 2: Apple Watch is sent to our house and like we 260 00:10:53,880 --> 00:10:55,280 Speaker 2: didn't know what to do with it, and so like 261 00:10:55,320 --> 00:10:57,840 Speaker 2: for like six months we were waiting for someone to 262 00:10:57,880 --> 00:10:58,400 Speaker 2: come get it. 263 00:10:59,120 --> 00:11:00,720 Speaker 1: When she was wearing off of them at the same time. 264 00:11:00,760 --> 00:11:04,800 Speaker 3: It was ridiculous, right, Emily, don't you want to return those? 265 00:11:05,360 --> 00:11:06,920 Speaker 1: Yeah, she's just showing off at that point. 266 00:11:07,000 --> 00:11:09,720 Speaker 3: So that was your previous Uh, the previous owners of 267 00:11:09,760 --> 00:11:10,839 Speaker 3: the house, they had something. 268 00:11:11,000 --> 00:11:13,440 Speaker 2: We reached out to them on Facebook. Yeah. Yeah, have 269 00:11:13,559 --> 00:11:14,680 Speaker 2: you ever had anything stolen? 270 00:11:14,800 --> 00:11:16,320 Speaker 3: Like it is something that you had purchased or something 271 00:11:16,360 --> 00:11:18,520 Speaker 3: that y'all had purchased like as a family, I don't 272 00:11:18,559 --> 00:11:21,600 Speaker 3: think so. Yeah, have we ever talked about the one 273 00:11:21,600 --> 00:11:23,920 Speaker 3: time we had something stolen off at our old house? 274 00:11:24,400 --> 00:11:29,319 Speaker 3: Ironically enough, it was a ring camera, not the ring doorbell, 275 00:11:29,520 --> 00:11:33,440 Speaker 3: but the ring floodlight mounted camera thing that got stolen. 276 00:11:33,920 --> 00:11:36,480 Speaker 3: So it's that was that in plus a journal they're 277 00:11:36,520 --> 00:11:39,600 Speaker 3: both in a box. Tyronic, It's so ironic. It was ridiculous. 278 00:11:40,200 --> 00:11:42,080 Speaker 3: We got I don't know, it was super annoying, but 279 00:11:42,120 --> 00:11:43,800 Speaker 3: we also got a good laugh out of that. But 280 00:11:43,880 --> 00:11:46,520 Speaker 3: luckily our neighbor at the time he saw it and 281 00:11:46,559 --> 00:11:48,760 Speaker 3: tore after them in his car. To try to to 282 00:11:48,800 --> 00:11:51,480 Speaker 3: try to win it back. Oh hey, community for the 283 00:11:51,520 --> 00:11:53,240 Speaker 3: win there, So you have a little bit of a 284 00:11:53,320 --> 00:11:56,400 Speaker 3: vigilante effort. I think to keep these porch pirates at Bay, 285 00:11:56,760 --> 00:11:59,160 Speaker 3: neighbors look at for each other, used the bear trap method. 286 00:11:59,200 --> 00:12:00,720 Speaker 1: If you want to be like me, I never felt 287 00:12:00,760 --> 00:12:04,080 Speaker 1: so connected to my neighbor. Dude. 288 00:12:04,080 --> 00:12:06,680 Speaker 3: It really did start a better relationship. I was just like, man, 289 00:12:06,679 --> 00:12:08,320 Speaker 3: I really appreciate that you were looking out for us. 290 00:12:08,360 --> 00:12:09,480 Speaker 1: That's cool. That's cool. 291 00:12:09,559 --> 00:12:12,319 Speaker 3: Even though it ended up being a feudal attempt. He 292 00:12:12,360 --> 00:12:13,040 Speaker 3: didn't get it back. 293 00:12:13,480 --> 00:12:13,680 Speaker 1: Well. 294 00:12:14,000 --> 00:12:16,319 Speaker 2: Friend of the show, Michael Easter, Matt he he just 295 00:12:16,360 --> 00:12:19,560 Speaker 2: wrote about the downsides of minimalism, which is interesting because 296 00:12:19,559 --> 00:12:22,160 Speaker 2: we're talking about buying. We've talked about buying less, and 297 00:12:22,679 --> 00:12:25,400 Speaker 2: now we're saying, well, I don't know, maybe is Michael 298 00:12:25,440 --> 00:12:28,160 Speaker 2: Easter saying well, minimalism isn't necessarily all cracked up to 299 00:12:28,160 --> 00:12:30,520 Speaker 2: be either. We talked with him back in episode seven 300 00:12:30,600 --> 00:12:34,240 Speaker 2: seventy three, and he also highlighted a Senate report from 301 00:12:34,280 --> 00:12:37,600 Speaker 2: this year that finds we're a nation of hoarders, so 302 00:12:38,080 --> 00:12:41,079 Speaker 2: we buy too much stuff. But he's then also saying 303 00:12:41,440 --> 00:12:44,200 Speaker 2: on the flip side, minimalism might not be the answer. 304 00:12:44,720 --> 00:12:47,520 Speaker 2: He says that it comes from the same emotional place 305 00:12:48,080 --> 00:12:49,600 Speaker 2: as excessive consumption. 306 00:12:50,000 --> 00:12:53,200 Speaker 1: He says, it's all about control and controlling our environment. 307 00:12:53,280 --> 00:12:55,840 Speaker 2: So I thought that was really interesting opting for a 308 00:12:55,920 --> 00:12:58,840 Speaker 2: spartan existence. Not is it going to necessarily alleviate all 309 00:12:58,880 --> 00:13:01,960 Speaker 2: the underlying stress, stress that keeps you buying, or the 310 00:13:01,960 --> 00:13:06,079 Speaker 2: stress that keeps you from amassing any clutter at all. Basically, 311 00:13:06,120 --> 00:13:09,680 Speaker 2: minimalism is the more socially acceptable version of hoarding, is 312 00:13:09,679 --> 00:13:11,920 Speaker 2: what he's saying. I don't know that I one hundred 313 00:13:11,920 --> 00:13:14,200 Speaker 2: percent agree. I think I know some minimalists who maybe 314 00:13:14,200 --> 00:13:17,080 Speaker 2: that is the case, and another minimalists who just have 315 00:13:17,559 --> 00:13:20,520 Speaker 2: become zen right with the idea of owning lesson They've 316 00:13:20,520 --> 00:13:23,920 Speaker 2: come to it from a healthier place, and at least 317 00:13:24,200 --> 00:13:27,120 Speaker 2: the minimalism is going to cost you less money. But 318 00:13:27,280 --> 00:13:30,520 Speaker 2: his solution, which I love, is to buy gear, not stuff. 319 00:13:30,559 --> 00:13:32,560 Speaker 2: I remember talking about that with him on show on 320 00:13:32,559 --> 00:13:35,600 Speaker 2: that episode. Yeah, and he has this four question framework 321 00:13:35,679 --> 00:13:38,360 Speaker 2: before you buy stuff, which I think is probably really 322 00:13:38,360 --> 00:13:40,600 Speaker 2: helpful for people to implement this time of year. Why 323 00:13:40,640 --> 00:13:43,320 Speaker 2: am I buying this item in the first place? What's 324 00:13:43,679 --> 00:13:47,280 Speaker 2: like the emotional undercurrent going on. As I'm making this purchase, 325 00:13:47,600 --> 00:13:50,280 Speaker 2: what do I intend to accomplish with the item? And 326 00:13:50,360 --> 00:13:53,199 Speaker 2: do I already own something that can accomplish this task. 327 00:13:53,400 --> 00:13:55,640 Speaker 2: I think these are great questions, great kind of filters 328 00:13:55,679 --> 00:13:57,040 Speaker 2: to run our purchases through. 329 00:13:57,160 --> 00:14:00,000 Speaker 1: Exactly. They can kind of help minimize knee jerk purchase 330 00:14:00,200 --> 00:14:02,600 Speaker 1: is this time of year, because that is that's the trick. 331 00:14:03,160 --> 00:14:03,880 Speaker 1: I think this is. 332 00:14:03,880 --> 00:14:06,440 Speaker 2: Why people are being parted from their money in such 333 00:14:06,440 --> 00:14:09,080 Speaker 2: an egregious way, is because the marketing is there, the 334 00:14:09,120 --> 00:14:11,440 Speaker 2: deals are there, and so you just end up buying 335 00:14:11,480 --> 00:14:13,320 Speaker 2: more than you thought you were. And I think just 336 00:14:13,360 --> 00:14:17,680 Speaker 2: asking yourself a couple of questions or four questions before 337 00:14:17,960 --> 00:14:20,280 Speaker 2: you actually hit the buy button, it might help prevent 338 00:14:20,320 --> 00:14:21,840 Speaker 2: you from making the purchase. 339 00:14:21,960 --> 00:14:22,480 Speaker 1: Totally agree. 340 00:14:22,520 --> 00:14:23,960 Speaker 3: I like how you said that it's a great filter 341 00:14:24,080 --> 00:14:26,400 Speaker 3: to run it through. Like what this does is sets 342 00:14:26,480 --> 00:14:29,560 Speaker 3: up a framework to assess whether or not you're just 343 00:14:29,640 --> 00:14:33,080 Speaker 3: fooling yourself or not, because I think oftentimes as folks 344 00:14:33,080 --> 00:14:35,640 Speaker 3: who listen to you share those questions, they might be thinking, well, 345 00:14:35,760 --> 00:14:38,480 Speaker 3: not everything we buy is because of a practical reason. 346 00:14:38,560 --> 00:14:40,720 Speaker 3: And I totally agree because I think that would be 347 00:14:40,760 --> 00:14:43,600 Speaker 3: one of the criticisms to the gear not stuff is 348 00:14:43,600 --> 00:14:46,640 Speaker 3: that like, well, not everything I buy has to be 349 00:14:46,720 --> 00:14:49,080 Speaker 3: super functional, And I think that's totally fine. But I 350 00:14:49,120 --> 00:14:51,400 Speaker 3: think you just need to know that going into the purchase, 351 00:14:51,480 --> 00:14:54,320 Speaker 3: because if you are convincing yourself that everything that you're 352 00:14:54,400 --> 00:14:58,680 Speaker 3: purchasing is a need as opposed to oftentimes they're just once, yeah, 353 00:14:58,760 --> 00:15:00,600 Speaker 3: well that's when you're gonna end up. I need more 354 00:15:00,600 --> 00:15:03,240 Speaker 3: money than you most likely ought to. There's a different 355 00:15:03,240 --> 00:15:04,920 Speaker 3: state of mind that we enter into. If you see 356 00:15:04,920 --> 00:15:07,480 Speaker 3: something as in need, it's just like, well, because doesn't 357 00:15:07,520 --> 00:15:10,920 Speaker 3: matter because I need this, as opposed to something where 358 00:15:10,920 --> 00:15:13,720 Speaker 3: you're like, well I could maybe I could do without this. 359 00:15:14,160 --> 00:15:15,040 Speaker 3: Generally speaking, I. 360 00:15:15,000 --> 00:15:17,880 Speaker 2: Do think it's it's helpful, I think, especially on the 361 00:15:17,880 --> 00:15:19,600 Speaker 2: clothing front, when you ask that question, what do you 362 00:15:19,640 --> 00:15:21,920 Speaker 2: intend to accomplish with the item? He highlights the fact 363 00:15:21,920 --> 00:15:25,320 Speaker 2: that he bought like another flannel shirt, and I gotta 364 00:15:25,360 --> 00:15:27,000 Speaker 2: be honest, like, I'm at tempted to do that too. 365 00:15:27,040 --> 00:15:30,120 Speaker 3: Sometimes as you're sitting there wearing a flannel shirt, you're like, guilty, 366 00:15:30,360 --> 00:15:30,960 Speaker 3: this is one of. 367 00:15:30,880 --> 00:15:32,200 Speaker 1: My favorite flannel shirts. 368 00:15:32,200 --> 00:15:34,880 Speaker 3: Again, yeah, it's I got a nice like Thanksgiving look 369 00:15:34,880 --> 00:15:37,760 Speaker 3: to it. Brown orange, and Red. You've got the fantastic 370 00:15:37,760 --> 00:15:40,880 Speaker 3: mister Fox motif going on right, which, by the way, 371 00:15:41,400 --> 00:15:44,000 Speaker 3: the kids, this is the first time this past Thanksgiving 372 00:15:44,000 --> 00:15:46,440 Speaker 3: that the kids brought it up. For years, I'd kind 373 00:15:46,440 --> 00:15:48,120 Speaker 3: of wanted to watch it as sort of like a 374 00:15:48,200 --> 00:15:49,560 Speaker 3: quote unquote Thanksgiving movie. 375 00:15:49,600 --> 00:15:51,120 Speaker 1: It's a great Thanksgiving it is. 376 00:15:51,200 --> 00:15:53,280 Speaker 3: It's I don't know, there's like an abundance sort of 377 00:15:53,280 --> 00:15:55,600 Speaker 3: thing going through it. Yeah, but I did not bring 378 00:15:55,600 --> 00:15:58,040 Speaker 3: it up once, and they were clamoring to put it on, 379 00:15:58,080 --> 00:15:59,160 Speaker 3: and we ended up watching. 380 00:15:58,960 --> 00:16:02,200 Speaker 2: It as or and I just finished reading Danny Champion 381 00:16:02,280 --> 00:16:04,400 Speaker 2: in the World another Roll Doll book. Nice, we're obsessed 382 00:16:04,400 --> 00:16:06,720 Speaker 2: with the roll in our house. But yeah, I guess 383 00:16:06,920 --> 00:16:09,640 Speaker 2: just think about that when you filter through those things, 384 00:16:09,680 --> 00:16:11,840 Speaker 2: at least asking yourself those questions before you make the purchase. 385 00:16:11,840 --> 00:16:14,000 Speaker 2: For me, at least it's going to be it's gonna 386 00:16:14,000 --> 00:16:16,760 Speaker 2: remind me that when I'm trying to buy something, I 387 00:16:16,800 --> 00:16:19,600 Speaker 2: don't actually need to step away from the computer. 388 00:16:19,720 --> 00:16:22,320 Speaker 1: Maybe you don't need yet another flannel show. Control. 389 00:16:23,160 --> 00:16:26,960 Speaker 3: Let's talk about AI, because I think we may have 390 00:16:27,040 --> 00:16:30,600 Speaker 3: just found the best use case for artificial intelligence STROL. 391 00:16:30,920 --> 00:16:33,520 Speaker 3: And it's not you know, to have a computer write 392 00:16:33,520 --> 00:16:36,000 Speaker 3: your emails or your papers for you, but in fact 393 00:16:36,040 --> 00:16:40,400 Speaker 3: it is for forwarding scammers. There's this new AI program 394 00:16:40,440 --> 00:16:44,440 Speaker 3: over in the UK. It's called Daisy, and it attempts 395 00:16:44,480 --> 00:16:48,440 Speaker 3: to keep scammers like scam callers on the phone for 396 00:16:48,480 --> 00:16:52,320 Speaker 3: as long as possible, and it's funny. It's mostly to 397 00:16:52,320 --> 00:16:55,760 Speaker 3: annoy them, to prevent them from calling someone else right away. 398 00:16:55,920 --> 00:16:58,320 Speaker 1: But again it's called Daisy. It's an AI version of. 399 00:16:58,400 --> 00:17:01,400 Speaker 3: A grandma, and so the or you know, I guess 400 00:17:01,440 --> 00:17:03,760 Speaker 3: what you would expect for a grandma to sound like. 401 00:17:04,359 --> 00:17:07,680 Speaker 3: But the scammer's call and Daisy wasted their time by 402 00:17:08,080 --> 00:17:12,640 Speaker 3: acting like tech illiterate, maybe telling them stories about her grandchildren. 403 00:17:12,960 --> 00:17:15,600 Speaker 3: She sounds like a human, which has kept some of 404 00:17:15,640 --> 00:17:17,760 Speaker 3: the scam calors on the line for almost forty minutes. 405 00:17:18,200 --> 00:17:20,639 Speaker 3: I think I read somewhere else. In one case it 406 00:17:20,720 --> 00:17:27,240 Speaker 3: even gave false bank account information as well. Think about this, Yeah, 407 00:17:27,320 --> 00:17:29,280 Speaker 3: such a troll, such a troll move. It feels like 408 00:17:29,320 --> 00:17:31,080 Speaker 3: such a UK UK thing to do. 409 00:17:31,200 --> 00:17:32,200 Speaker 1: It's a total troll move. 410 00:17:32,840 --> 00:17:34,679 Speaker 2: But we're trolling the right people, the people who are 411 00:17:34,680 --> 00:17:36,920 Speaker 2: trying to screw us over and I think it's part 412 00:17:36,960 --> 00:17:39,520 Speaker 2: of why I think it's so cool is if it's 413 00:17:39,520 --> 00:17:43,160 Speaker 2: a grandma. Oftentimes a scammer thinks all this easy pick 414 00:17:43,200 --> 00:17:45,560 Speaker 2: into easy mark, like shooting fish in a barrel. If 415 00:17:45,560 --> 00:17:47,800 Speaker 2: you get some sort of like tech savvy, you know, 416 00:17:47,960 --> 00:17:50,360 Speaker 2: twenty nine year old, let's not believe it on the phone, 417 00:17:50,400 --> 00:17:52,199 Speaker 2: you're much less likely to be able to pull one 418 00:17:52,240 --> 00:17:55,600 Speaker 2: over on them. But because this is a grandma who's like, well, 419 00:17:55,680 --> 00:17:57,359 Speaker 2: let me check and find and see this thing, and 420 00:17:57,440 --> 00:17:59,400 Speaker 2: if I got this thing in the kitchen, or let 421 00:17:59,440 --> 00:18:02,439 Speaker 2: me or starts telling a random story about one of 422 00:18:02,440 --> 00:18:05,680 Speaker 2: her grandchildren, they're like, all right, wait for it, yes, 423 00:18:05,800 --> 00:18:08,040 Speaker 2: way for I'm reeling them in. I'm reeling them in. 424 00:18:08,080 --> 00:18:11,400 Speaker 2: But they never get anywhere. So this is a beautiful 425 00:18:11,520 --> 00:18:14,440 Speaker 2: use of artificial intelligence. And essentially like kind of what's 426 00:18:14,480 --> 00:18:18,360 Speaker 2: happening is it's an AI large language model converting language 427 00:18:18,400 --> 00:18:22,800 Speaker 2: to text. So it's it's almost instantaneous in its ability 428 00:18:22,840 --> 00:18:25,199 Speaker 2: to recall this information and then take the text and 429 00:18:25,240 --> 00:18:27,840 Speaker 2: turn it into a grandma voice. They converts that text 430 00:18:27,880 --> 00:18:30,879 Speaker 2: into speech in almost no time. It's there's no American 431 00:18:30,960 --> 00:18:33,760 Speaker 2: version yet, which I'm sad about, but hopefully. 432 00:18:33,440 --> 00:18:35,240 Speaker 1: Soon it'll come. And you just wait. 433 00:18:35,320 --> 00:18:38,320 Speaker 2: There's always talk about AI ruining our lives or I 434 00:18:38,359 --> 00:18:42,240 Speaker 2: don't know, hurting the economy or losing people their jobs. 435 00:18:42,280 --> 00:18:44,760 Speaker 2: But this at least is like, I don't know, positive 436 00:18:44,840 --> 00:18:46,359 Speaker 2: silver lining on AI. 437 00:18:46,520 --> 00:18:47,879 Speaker 1: I personally want to try it out. I want to 438 00:18:47,920 --> 00:18:50,640 Speaker 1: hear how convincing is it? What? What does it actually sound? 439 00:18:50,720 --> 00:18:53,040 Speaker 1: Watched a little video about it, and it looks pretty convincing. 440 00:18:53,080 --> 00:18:55,520 Speaker 1: But I want to ask my own questions here. How 441 00:18:55,720 --> 00:18:57,360 Speaker 1: how she was? Yeah? 442 00:18:57,400 --> 00:18:59,040 Speaker 3: I don't even like saying she because it's not a 443 00:18:59,080 --> 00:19:02,120 Speaker 3: real person. Yeah, because uh, I feel like that debases 444 00:19:02,200 --> 00:19:05,320 Speaker 3: us as humans to refer to it as a she. 445 00:19:05,720 --> 00:19:07,760 Speaker 3: But Joe, we've got more to get to. I want 446 00:19:07,800 --> 00:19:10,560 Speaker 3: to make sure that we talk about DIY repairs on 447 00:19:10,600 --> 00:19:12,680 Speaker 3: our own cars, So we'll get to that more right 448 00:19:12,720 --> 00:19:13,119 Speaker 3: after this. 449 00:19:21,040 --> 00:19:21,880 Speaker 1: All right, we're back. 450 00:19:22,240 --> 00:19:24,840 Speaker 2: The Friday flight continues. Now it's time to get to 451 00:19:24,880 --> 00:19:29,280 Speaker 2: the ludicrous headline of the week. This comes from Axios. 452 00:19:29,680 --> 00:19:33,320 Speaker 2: In the headline reads, five airlines made twelve point four 453 00:19:33,359 --> 00:19:37,000 Speaker 2: billion dollars on seat fees over the last six years. 454 00:19:37,760 --> 00:19:39,399 Speaker 2: I will say this, Matt, at least they didn't make 455 00:19:39,400 --> 00:19:42,200 Speaker 2: a dime from the two of us. For me, none 456 00:19:42,240 --> 00:19:45,119 Speaker 2: of that billions that they raked in came from my wallet. 457 00:19:45,240 --> 00:19:48,920 Speaker 1: Yeah, I can't afford those expensive seats, that's right orton. 458 00:19:49,400 --> 00:19:52,080 Speaker 1: Or maybe even if I could, I chose not to prioritize. 459 00:19:52,119 --> 00:19:53,320 Speaker 1: I don't want to pay for that. 460 00:19:53,400 --> 00:19:55,679 Speaker 3: John, really, well, you've got long legs. I'm surprised you 461 00:19:55,680 --> 00:19:57,960 Speaker 3: haven't done anything. Still, seat upgrades, I still refuse. I 462 00:19:58,000 --> 00:19:58,520 Speaker 3: still refuse. 463 00:19:58,560 --> 00:20:01,520 Speaker 1: I would rather be cramped the principle then pay extra. Yeah. 464 00:20:01,560 --> 00:20:02,919 Speaker 3: Well, do you like, are you able to slide your 465 00:20:02,920 --> 00:20:05,280 Speaker 3: feet because you got the bar right that stops the 466 00:20:05,280 --> 00:20:07,560 Speaker 3: person in front of you from shoving their personal item 467 00:20:07,600 --> 00:20:08,200 Speaker 3: all the way back? 468 00:20:08,280 --> 00:20:08,560 Speaker 1: Yeah? 469 00:20:08,680 --> 00:20:10,280 Speaker 3: Do you just like straddle that and put your feet 470 00:20:10,320 --> 00:20:11,480 Speaker 3: on either side and just get. 471 00:20:11,320 --> 00:20:12,080 Speaker 1: It way up under there? 472 00:20:12,280 --> 00:20:13,920 Speaker 3: Usually try to sit on the person in front of 473 00:20:13,960 --> 00:20:15,479 Speaker 3: you looks down and they see your feet coming out 474 00:20:15,520 --> 00:20:17,679 Speaker 3: the I usually try to sit on the aisle and 475 00:20:17,720 --> 00:20:19,399 Speaker 3: then I try to kind of get let my feet 476 00:20:19,600 --> 00:20:21,040 Speaker 3: go into the aisle at times. 477 00:20:21,280 --> 00:20:24,160 Speaker 2: But that does aisle strategy. But then the flight attendants 478 00:20:24,200 --> 00:20:27,160 Speaker 2: don't love it. They're like putting their cars down, ramming 479 00:20:27,160 --> 00:20:27,320 Speaker 2: me in. 480 00:20:27,320 --> 00:20:29,400 Speaker 3: The leg of the like half an inch on either 481 00:20:29,440 --> 00:20:30,879 Speaker 3: side of the snack car. 482 00:20:31,000 --> 00:20:32,479 Speaker 2: Yeah, but I'm not willing to pay the money, so 483 00:20:32,640 --> 00:20:34,240 Speaker 2: it's just that's the way it's going to go down. 484 00:20:34,600 --> 00:20:36,840 Speaker 2: But if you've been listening to the show for any 485 00:20:37,280 --> 00:20:39,679 Speaker 2: length of time, you probably know that we don't love fees, 486 00:20:40,160 --> 00:20:42,600 Speaker 2: even though we're actually kind of okay with airlines charging them. 487 00:20:42,840 --> 00:20:45,639 Speaker 2: Part of the reason airfare is so inexpensive these days 488 00:20:45,920 --> 00:20:50,000 Speaker 2: is because of the additional fee revenue airlines are able 489 00:20:50,040 --> 00:20:53,320 Speaker 2: to generate. Yeah, and that's actually what the Frontier CEO 490 00:20:53,480 --> 00:20:57,280 Speaker 2: said when he was being grilled by Senator Josh Holly, 491 00:20:57,400 --> 00:21:01,359 Speaker 2: like super hard it was he looks so great, But 492 00:21:01,480 --> 00:21:03,520 Speaker 2: I will say this, like, even though he didn't come 493 00:21:03,560 --> 00:21:06,639 Speaker 2: off looking great in the hearings, I would prefer to 494 00:21:06,680 --> 00:21:08,959 Speaker 2: take the low fares and then avoid the fees at 495 00:21:09,000 --> 00:21:11,720 Speaker 2: the same time. And I think that's and I think 496 00:21:11,720 --> 00:21:13,400 Speaker 2: one of the things that front of Your CEO said 497 00:21:13,400 --> 00:21:16,040 Speaker 2: as well is that almost fifty percent of customers end 498 00:21:16,119 --> 00:21:18,520 Speaker 2: up doing that, They avoid these fees altogether. It's the 499 00:21:18,640 --> 00:21:21,160 Speaker 2: unlucky other half that didn't pay attention to or jump 500 00:21:21,200 --> 00:21:23,640 Speaker 2: through the hurdles that get screwed and ended up paying 501 00:21:23,680 --> 00:21:25,960 Speaker 2: significant fees. And we hope the same is true for 502 00:21:26,000 --> 00:21:27,879 Speaker 2: you out there that you are able to. I don't know, 503 00:21:27,960 --> 00:21:30,480 Speaker 2: book your airfare and maybe use some of these low 504 00:21:30,520 --> 00:21:33,840 Speaker 2: fare airlines without paying the insane fees that they're trying 505 00:21:33,880 --> 00:21:38,240 Speaker 2: to charge. The big airlines Southwest excluded, are making money 506 00:21:38,280 --> 00:21:40,439 Speaker 2: handover fists like twenty bucks at a time for seating 507 00:21:40,480 --> 00:21:44,400 Speaker 2: charges or I don't know, twenty to one hundred plus 508 00:21:44,480 --> 00:21:48,680 Speaker 2: dollars for baggage fees. I think what people need to know, Matt, 509 00:21:48,760 --> 00:21:50,800 Speaker 2: is that there are ways to avoid the extra fees 510 00:21:51,000 --> 00:21:53,320 Speaker 2: that airlines are trying to stick us with. And whether 511 00:21:53,320 --> 00:21:55,680 Speaker 2: it's having the right credit card or just being more 512 00:21:55,760 --> 00:21:59,320 Speaker 2: flexible or paying more attention, Like we're still living in 513 00:21:59,320 --> 00:22:01,520 Speaker 2: the golden age of travel. Yeah, you got to jump 514 00:22:01,560 --> 00:22:03,520 Speaker 2: through the right hoops to take advantage to avoid the 515 00:22:03,520 --> 00:22:06,600 Speaker 2: annoying fees and paying for a better seat on your flight. 516 00:22:06,840 --> 00:22:08,440 Speaker 2: It's a voluntary choice for most people. 517 00:22:08,560 --> 00:22:08,760 Speaker 1: Yeah. 518 00:22:08,760 --> 00:22:13,480 Speaker 3: So, actually, during that congressional grilling, the Frontier CEO, which, 519 00:22:13,520 --> 00:22:14,400 Speaker 3: by the way. 520 00:22:14,280 --> 00:22:16,320 Speaker 1: His name did you did you catch his name? 521 00:22:17,720 --> 00:22:22,200 Speaker 3: His name's Barry Biffel wows Like, honestly, I think it's 522 00:22:22,240 --> 00:22:24,320 Speaker 3: just a pr nightmare because he he just sounds like 523 00:22:24,320 --> 00:22:26,560 Speaker 3: a bully, Like literally, that's the biff. 524 00:22:26,400 --> 00:22:29,119 Speaker 1: You know from from Back to the Future. 525 00:22:29,400 --> 00:22:31,840 Speaker 3: And so I think I think that's why it probably 526 00:22:31,840 --> 00:22:33,760 Speaker 3: got a lot of coverages, because he just looks like 527 00:22:33,760 --> 00:22:35,560 Speaker 3: somebody that you just want to you want to hate, 528 00:22:35,600 --> 00:22:40,240 Speaker 3: completely destroyed. But he called passengers who try and avoid 529 00:22:40,280 --> 00:22:42,879 Speaker 3: bag fees shoplifters and thiefs. 530 00:22:42,600 --> 00:22:45,760 Speaker 1: Which seems so antagonistic and so like. 531 00:22:45,760 --> 00:22:49,520 Speaker 3: I get the fact that, like, these are the rules, 532 00:22:49,560 --> 00:22:51,800 Speaker 3: and these are the rules that Frontier has implemented, and 533 00:22:52,080 --> 00:22:53,960 Speaker 3: by following these rules you get one of. 534 00:22:53,960 --> 00:22:55,080 Speaker 1: The lowest faars out there. 535 00:22:55,080 --> 00:22:57,639 Speaker 3: I totally get that, which he took advantage of earlier 536 00:22:57,640 --> 00:22:59,840 Speaker 3: this year, like we're all for it and we saved 537 00:23:00,040 --> 00:23:03,199 Speaker 3: big money flying Frontier to our destination. So you just 538 00:23:03,240 --> 00:23:05,480 Speaker 3: have to know the rules, right, Like, them's the rules, 539 00:23:05,520 --> 00:23:07,760 Speaker 3: you gotta follow them. But folks get their painties all 540 00:23:07,800 --> 00:23:09,800 Speaker 3: up in a wid because especially when it comes out 541 00:23:09,800 --> 00:23:12,520 Speaker 3: that so I actually didn't know this that the gate 542 00:23:12,560 --> 00:23:15,680 Speaker 3: agents receive a commission for every bag that they check 543 00:23:16,080 --> 00:23:16,720 Speaker 3: or not check. 544 00:23:16,880 --> 00:23:19,240 Speaker 1: Well, yeah, every bag that they are able. 545 00:23:19,000 --> 00:23:21,960 Speaker 3: To snag and are like, hey put that in the 546 00:23:22,000 --> 00:23:25,200 Speaker 3: little box yep, and they get like a ten dollars commission. 547 00:23:25,200 --> 00:23:26,920 Speaker 1: They're calling it like a commission or a bounty. 548 00:23:27,200 --> 00:23:31,000 Speaker 3: Yeah, which feels again that feels not deceptive, but it 549 00:23:31,000 --> 00:23:34,200 Speaker 3: feels like a little dirty, a little dirty, a little antagonistic. 550 00:23:34,359 --> 00:23:36,480 Speaker 2: But I think they tens of millions of dollars have 551 00:23:36,480 --> 00:23:39,240 Speaker 2: been paid out to gate agents over the past few years. 552 00:23:39,280 --> 00:23:43,240 Speaker 2: Who because they're like that was the most surprising part 553 00:23:43,320 --> 00:23:45,040 Speaker 2: of that's like their version of a tip here. 554 00:23:45,119 --> 00:23:45,960 Speaker 1: It's amazing. 555 00:23:46,280 --> 00:23:48,159 Speaker 3: Here's the thing though, that bothers me less because as 556 00:23:48,200 --> 00:23:49,959 Speaker 3: soon as you show up at an airport, like at 557 00:23:49,960 --> 00:23:52,960 Speaker 3: the ticketing office or a ticketing booth or whatever, like 558 00:23:53,000 --> 00:23:55,400 Speaker 3: they've got the metal structures and it's like, hey, check 559 00:23:55,440 --> 00:23:58,760 Speaker 3: your bag, like if it doesn't fit, if you are thinking, 560 00:23:58,760 --> 00:24:00,280 Speaker 3: you know what, I'm going to try to try to 561 00:24:00,280 --> 00:24:02,680 Speaker 3: get by with it this time and avoid it altogether. Well, yeah, 562 00:24:02,680 --> 00:24:05,119 Speaker 3: like you are most likely going to be paying. I 563 00:24:05,160 --> 00:24:07,440 Speaker 3: mean you are paying way more when you gate check 564 00:24:07,480 --> 00:24:10,320 Speaker 3: it as opposed to prepaying. It's so much less expensive 565 00:24:10,320 --> 00:24:13,320 Speaker 3: by prepaying it. To me, it's the seat selection because 566 00:24:13,440 --> 00:24:15,359 Speaker 3: and I've you know again, we got to experience this 567 00:24:15,400 --> 00:24:18,439 Speaker 3: first hand. But with Frontier, you know, they guide you 568 00:24:18,480 --> 00:24:20,600 Speaker 3: along the process of buying your tickets, and in order 569 00:24:20,680 --> 00:24:23,879 Speaker 3: to do that, you have to click continue and they're like, okay, now, it's. 570 00:24:23,760 --> 00:24:24,719 Speaker 1: Time to pick your seats. 571 00:24:25,080 --> 00:24:26,920 Speaker 3: And unless you scroll all the way down to the 572 00:24:26,960 --> 00:24:30,320 Speaker 3: bottom and see the small, little, barely marked link that 573 00:24:30,400 --> 00:24:34,440 Speaker 3: says skip seat selection, you are paying those additional fees. 574 00:24:34,520 --> 00:24:37,120 Speaker 3: And so I don't mind the rules. I just want 575 00:24:37,119 --> 00:24:39,040 Speaker 3: the rules to be more transparent. And when they are 576 00:24:39,080 --> 00:24:42,280 Speaker 3: trying to guide you into spending more money with them, 577 00:24:42,359 --> 00:24:45,399 Speaker 3: that's a whole lot different than somebody rolling the dice saying, 578 00:24:45,920 --> 00:24:47,439 Speaker 3: I bet they're not going to check my bag. It 579 00:24:47,440 --> 00:24:50,600 Speaker 3: doesn't look that much bigger than the twelve by fourteen 580 00:24:50,640 --> 00:24:52,480 Speaker 3: by eighteen whatever. It depends on the agent. 581 00:24:52,560 --> 00:24:54,080 Speaker 2: It depends on the gate agent, because some of them 582 00:24:54,280 --> 00:24:56,840 Speaker 2: care on our way to our destination. The agents weren't 583 00:24:56,880 --> 00:24:58,639 Speaker 2: nearly as intent on checking the size of my bag 584 00:24:58,840 --> 00:25:01,919 Speaker 2: on the way back. Oh man, like they It was 585 00:25:01,960 --> 00:25:04,040 Speaker 2: the same bag, but I had to shove it. I 586 00:25:04,040 --> 00:25:06,200 Speaker 2: guess I had a couple of souvenirs I was bringing 587 00:25:06,200 --> 00:25:06,760 Speaker 2: back or something, and. 588 00:25:06,720 --> 00:25:08,200 Speaker 1: It was a little bit bigger, looked a little swallow. 589 00:25:08,240 --> 00:25:09,919 Speaker 2: I had shove a few things in my pockets in 590 00:25:10,040 --> 00:25:11,680 Speaker 2: order to make it fit in there. And they were 591 00:25:11,720 --> 00:25:13,440 Speaker 2: serious about it. They were't gonna let me go until 592 00:25:13,480 --> 00:25:15,320 Speaker 2: it was all the way in, so you got to 593 00:25:15,400 --> 00:25:16,919 Speaker 2: be willing to jump through those hoops in order to 594 00:25:16,920 --> 00:25:20,040 Speaker 2: save It'll be interesting to see what happens from this 595 00:25:20,160 --> 00:25:24,679 Speaker 2: congressional grilling and whether these airlines choose to change some 596 00:25:24,800 --> 00:25:27,120 Speaker 2: of their ways when it comes to baggage and seat 597 00:25:27,119 --> 00:25:30,520 Speaker 2: fees because they do frustrate customers. But I think the 598 00:25:30,560 --> 00:25:33,960 Speaker 2: smart savvy customers really there's never been a better time 599 00:25:34,000 --> 00:25:37,000 Speaker 2: to fly yep, and packing light packing, light packing. Getting 600 00:25:37,000 --> 00:25:38,840 Speaker 2: one of those Codo PACs he twenty eight meters backpacks 601 00:25:38,880 --> 00:25:41,040 Speaker 2: we talked about, could save your bacon and save you 602 00:25:41,040 --> 00:25:41,480 Speaker 2: a lot of money. 603 00:25:41,520 --> 00:25:44,000 Speaker 3: Get you a marino wool shirt that you don't have 604 00:25:44,000 --> 00:25:46,560 Speaker 3: to have to wash the entire time travel. I'm literally 605 00:25:46,560 --> 00:25:49,160 Speaker 3: currently wearing that's when we went to Scotland. There are 606 00:25:49,240 --> 00:25:50,800 Speaker 3: there are ways that doesn't smell at all. There are 607 00:25:50,800 --> 00:25:54,399 Speaker 3: ways to get around it, so fresh you smell great. All. 608 00:25:54,600 --> 00:25:57,160 Speaker 2: Let's talk about tariffs for a second, Matt. They've become 609 00:25:57,200 --> 00:26:00,480 Speaker 2: more popular over the past decade, and it's not just 610 00:26:00,720 --> 00:26:04,880 Speaker 2: one political party or one leader touting them. Although President 611 00:26:04,880 --> 00:26:07,080 Speaker 2: Elect Trump he's a massive fan. Didn't he say it's 612 00:26:07,080 --> 00:26:08,600 Speaker 2: like the most beautiful word. 613 00:26:08,400 --> 00:26:10,880 Speaker 1: In the English language. That's beautiful. Yeah, it's like better 614 00:26:10,920 --> 00:26:13,160 Speaker 1: than love. I think I was, like, really better than love. 615 00:26:13,200 --> 00:26:16,800 Speaker 1: First I've done trumpet pressure on the show. Yeah, I 616 00:26:16,840 --> 00:26:19,160 Speaker 1: don't think I've ever actually tried to do a trumpeppression. 617 00:26:19,520 --> 00:26:20,800 Speaker 1: Should we should probably work. 618 00:26:20,680 --> 00:26:22,480 Speaker 3: On that considered, And he's you know, he's obvious we'll 619 00:26:22,520 --> 00:26:24,040 Speaker 3: be talking about him more, I'm sure over years. 620 00:26:24,119 --> 00:26:24,560 Speaker 1: Yeah. 621 00:26:24,640 --> 00:26:27,480 Speaker 2: Well, but you and I were not nearly as big 622 00:26:27,520 --> 00:26:31,159 Speaker 2: fans of tariffs as the current administration or the upcoming 623 00:26:31,200 --> 00:26:34,120 Speaker 2: Trump administration. And if tariffs come about in the way 624 00:26:34,240 --> 00:26:37,240 Speaker 2: that President Trump is suggested, they're going to have implications 625 00:26:37,280 --> 00:26:41,480 Speaker 2: for all of our finances. And tariff's might have some 626 00:26:41,640 --> 00:26:44,800 Speaker 2: use from a like a geopolitical standpoint, but they act 627 00:26:44,840 --> 00:26:47,280 Speaker 2: as a sales tax on consumers, so we ultimately end 628 00:26:47,359 --> 00:26:51,880 Speaker 2: up paying more, raising the price of imported goods washing machines. 629 00:26:52,320 --> 00:26:54,720 Speaker 2: That's like the best example we can give from the 630 00:26:55,080 --> 00:27:00,000 Speaker 2: first Trump administration and how washing machine prices went up 631 00:27:00,200 --> 00:27:03,800 Speaker 2: quite a bit because of tariffs. And you know, there 632 00:27:03,800 --> 00:27:07,080 Speaker 2: have been particular threats of tariffs to protect US auto 633 00:27:07,160 --> 00:27:10,320 Speaker 2: manufacturers this time around, for instance. So the question is, 634 00:27:10,400 --> 00:27:14,480 Speaker 2: should you consider buying a car now before tariffs. 635 00:27:14,160 --> 00:27:16,200 Speaker 3: Kick in ooh, and I bet a lot of folks 636 00:27:16,200 --> 00:27:17,520 Speaker 3: are thinking, oh, but we've got to get the new 637 00:27:17,560 --> 00:27:19,000 Speaker 3: car now because of the tariffs. 638 00:27:19,000 --> 00:27:22,160 Speaker 2: There are even like companies like pre ordering a bunch 639 00:27:22,160 --> 00:27:25,160 Speaker 2: of stock because they know or they believe that tariffs 640 00:27:25,160 --> 00:27:27,080 Speaker 2: are going to kick in and their prices are going 641 00:27:27,119 --> 00:27:28,240 Speaker 2: to go up, you know, in. 642 00:27:28,359 --> 00:27:29,240 Speaker 1: February or March. 643 00:27:29,320 --> 00:27:32,640 Speaker 2: Right, we would say to you, as an individual, you 644 00:27:32,720 --> 00:27:36,679 Speaker 2: probably shouldn't start pre stocking on stuff because aboutcoming tariffs. 645 00:27:36,680 --> 00:27:39,240 Speaker 2: I think the best projection I saw or is that 646 00:27:39,280 --> 00:27:41,399 Speaker 2: an overall price increase of two and a half percent 647 00:27:41,440 --> 00:27:43,639 Speaker 2: on new cars is likely to come about because of 648 00:27:43,640 --> 00:27:46,119 Speaker 2: these terraffs. It could be more, but we just don't know. 649 00:27:46,520 --> 00:27:49,159 Speaker 2: And unless you were already planning on buying a new car, 650 00:27:49,600 --> 00:27:51,480 Speaker 2: I think our advice would be to just stand pat. 651 00:27:51,680 --> 00:27:53,560 Speaker 2: If you were like, no, no, I'm probably planning on 652 00:27:53,640 --> 00:27:56,800 Speaker 2: doing that in February, well, then maybe go ahead and 653 00:27:56,840 --> 00:27:59,120 Speaker 2: buy that car now. Also, because end of the year 654 00:27:59,160 --> 00:28:00,720 Speaker 2: is a better time to buy. You be hitting the 655 00:28:00,720 --> 00:28:03,840 Speaker 2: sweet spot. The only exception to this would be electric 656 00:28:03,920 --> 00:28:09,359 Speaker 2: vehicles because the tax credits that currently exist for electric vehicles. 657 00:28:09,359 --> 00:28:12,160 Speaker 2: President Trump is threatened to eliminate those, and think about 658 00:28:12,160 --> 00:28:14,879 Speaker 2: that paying seventy five hundred bucks more for that vehicle, 659 00:28:14,960 --> 00:28:17,800 Speaker 2: not to mention potentially increase tariffs as well. So if 660 00:28:17,800 --> 00:28:20,680 Speaker 2: you're like, no, I'm planning on getting an EV anyway, 661 00:28:20,800 --> 00:28:22,120 Speaker 2: well now it's probably the time. 662 00:28:22,200 --> 00:28:22,760 Speaker 1: We'll see. 663 00:28:22,800 --> 00:28:24,840 Speaker 3: But even still, I don't know if I would make 664 00:28:24,880 --> 00:28:26,800 Speaker 3: too many decisions based on something that Trump has said 665 00:28:27,000 --> 00:28:29,440 Speaker 3: or tweeted, because the dude says a. 666 00:28:29,359 --> 00:28:31,480 Speaker 1: Lot or truth. The truth, I believe is what it's called. 667 00:28:32,119 --> 00:28:34,120 Speaker 3: I feel like most of what he says has more 668 00:28:34,119 --> 00:28:36,280 Speaker 3: to do with who's directly in front of him or 669 00:28:36,320 --> 00:28:39,280 Speaker 3: what he's eaten recently, as opposed to actual policy that's 670 00:28:39,280 --> 00:28:41,400 Speaker 3: been fleshed out. And that goes honestly for all politicians. 671 00:28:41,360 --> 00:28:43,760 Speaker 3: And the lack of veggies really does show, doesn't it. 672 00:28:44,080 --> 00:28:46,680 Speaker 3: So the best thing to do financially, as we're talking 673 00:28:46,720 --> 00:28:49,440 Speaker 3: about buying a car is to not buy a new car. 674 00:28:50,000 --> 00:28:52,160 Speaker 1: Ever, it's like like here. 675 00:28:52,000 --> 00:28:53,160 Speaker 3: At the end of the year or at the beginning 676 00:28:53,160 --> 00:28:55,520 Speaker 3: of the year, no, no, no, let's just avoid new 677 00:28:55,560 --> 00:28:58,720 Speaker 3: cars altogether. Let's not take that depreciation hit. Keeping your 678 00:28:58,800 --> 00:29:01,080 Speaker 3: used card on the road that is almost always going 679 00:29:01,120 --> 00:29:03,880 Speaker 3: to be the best answer, and older cars are often 680 00:29:04,160 --> 00:29:07,640 Speaker 3: less complex they're easier to fix, which raises the question 681 00:29:07,720 --> 00:29:11,200 Speaker 3: should we be fixing our own cars Joel the Journal 682 00:29:11,240 --> 00:29:14,440 Speaker 3: they had an article about di Wires using YouTube to 683 00:29:14,560 --> 00:29:19,840 Speaker 3: become amateur at home mechanics, which man I can get 684 00:29:19,840 --> 00:29:23,440 Speaker 3: behind this. This is one of the greatest uses of YouTube, 685 00:29:23,480 --> 00:29:27,040 Speaker 3: so much better than watching cat videos or binge watching 686 00:29:27,080 --> 00:29:30,080 Speaker 3: Mister Beast videos. There's a recent survey and they found 687 00:29:30,080 --> 00:29:32,760 Speaker 3: that more people are willing to attempt their own repairs 688 00:29:32,800 --> 00:29:36,800 Speaker 3: at home. Most folks, of course, including us, probably shouldn't 689 00:29:36,800 --> 00:29:39,600 Speaker 3: be trying to do something more complex like rebuilding a 690 00:29:39,640 --> 00:29:41,760 Speaker 3: transmission or something like that. You never do it timing 691 00:29:41,760 --> 00:29:43,880 Speaker 3: about that's something I gladly paid. 692 00:29:43,640 --> 00:29:45,840 Speaker 1: For because you had to take a bunch of stuff 693 00:29:45,840 --> 00:29:46,720 Speaker 1: out of the guests. 694 00:29:46,720 --> 00:29:51,040 Speaker 3: The labor involved with that man. But fixing more minor issues, 695 00:29:51,080 --> 00:29:53,440 Speaker 3: I think that can save you real money and it 696 00:29:53,440 --> 00:29:56,920 Speaker 3: can just be like a DIY confidence builder as well. 697 00:29:56,960 --> 00:29:59,520 Speaker 3: We've talked about at some point we I shared about 698 00:29:59,520 --> 00:30:01,800 Speaker 3: how the I guess it's paint on my side view 699 00:30:01,800 --> 00:30:05,320 Speaker 3: mirrors is peeling off. I've talked about maybe doing that myself, 700 00:30:05,360 --> 00:30:08,320 Speaker 3: maybe doing some my own painting, and they're just black. 701 00:30:08,360 --> 00:30:11,240 Speaker 3: It's like a it's not like a metallic fleck or 702 00:30:11,240 --> 00:30:13,760 Speaker 3: something like that, right where i'd have to match the 703 00:30:13,840 --> 00:30:14,760 Speaker 3: actual car vehicle. 704 00:30:14,800 --> 00:30:15,440 Speaker 1: So it's just black. 705 00:30:15,640 --> 00:30:17,760 Speaker 3: I literally think I'm gonna do that this weekend. I'm 706 00:30:17,760 --> 00:30:21,280 Speaker 3: gonna sand off the old paint priam it, spray it 707 00:30:21,280 --> 00:30:22,880 Speaker 3: with some glossy black paint. 708 00:30:22,920 --> 00:30:24,600 Speaker 1: I think it's gonna look good. Do you think this 709 00:30:24,640 --> 00:30:26,760 Speaker 1: is a froe. I think it's cheap move. I think 710 00:30:26,760 --> 00:30:27,120 Speaker 1: it's great. 711 00:30:27,240 --> 00:30:30,320 Speaker 3: So I'm saying this out loud, which means now that 712 00:30:30,320 --> 00:30:31,360 Speaker 3: there's some accountability, so. 713 00:30:31,360 --> 00:30:33,520 Speaker 1: We'll see whether or not you'recumitted. I follow through. 714 00:30:33,560 --> 00:30:35,520 Speaker 3: It's funny. Oh so we're talking about paint. That's actually 715 00:30:35,520 --> 00:30:38,240 Speaker 3: in the article they talked about how paint is oftentimes 716 00:30:38,280 --> 00:30:40,320 Speaker 3: something that you don't want to do because it does 717 00:30:40,360 --> 00:30:42,880 Speaker 3: require more specialized equipment. In this case, this is more 718 00:30:42,960 --> 00:30:45,360 Speaker 3: like a minor it's like a trim piece whatever. But 719 00:30:45,400 --> 00:30:48,560 Speaker 3: they mentioned that there are certain auto paint wholesalers that 720 00:30:48,640 --> 00:30:51,680 Speaker 3: sell thought the high end actual paint and they can 721 00:30:51,680 --> 00:30:55,040 Speaker 3: match it to specific makes and models. And guess what 722 00:30:55,320 --> 00:30:57,240 Speaker 3: I searched and there's actually one near us. I didn't 723 00:30:57,240 --> 00:30:58,280 Speaker 3: know these places existed. 724 00:30:58,320 --> 00:30:58,720 Speaker 1: Oh cool. 725 00:30:58,720 --> 00:31:01,880 Speaker 3: The one near Us is called Paint your ride. I 726 00:31:01,920 --> 00:31:03,160 Speaker 3: think it's a play on Pimpy Ride. 727 00:31:03,240 --> 00:31:06,520 Speaker 1: Uh huh Yeah. Do you ever watch the old exhibit? 728 00:31:06,680 --> 00:31:09,440 Speaker 1: Did anyone posted? Did anyone who was our age and 729 00:31:09,520 --> 00:31:11,480 Speaker 1: not watch that show? Come on? Such a great show? Yeah? 730 00:31:11,480 --> 00:31:14,720 Speaker 1: And the trunk is where I've got my saltwater aquarium. 731 00:31:16,240 --> 00:31:17,760 Speaker 1: It was a little silly. I love that show. 732 00:31:17,840 --> 00:31:20,360 Speaker 2: So I think my big win on this front recently 733 00:31:20,600 --> 00:31:23,760 Speaker 2: was the oil change light and the check engine light 734 00:31:23,760 --> 00:31:25,720 Speaker 2: came on simultaneously. So I went to the oil change 735 00:31:25,720 --> 00:31:28,880 Speaker 2: shot through and they were super cool and they ran 736 00:31:28,920 --> 00:31:30,680 Speaker 2: the check engine light test, which you can do for 737 00:31:30,680 --> 00:31:33,440 Speaker 2: free at AutoZone or really any of the auto locations 738 00:31:33,440 --> 00:31:36,080 Speaker 2: these days. But they said, oh, it's a catalytic converterer, 739 00:31:36,160 --> 00:31:38,240 Speaker 2: which is actually a really expensive part. Yeah, And so 740 00:31:38,320 --> 00:31:41,000 Speaker 2: I called metals in there, right valuable. I know that's 741 00:31:41,000 --> 00:31:43,520 Speaker 2: why people steal them. So I called the mechanic shop 742 00:31:43,600 --> 00:31:46,680 Speaker 2: and they said, hey, actually, you don't even want to 743 00:31:46,720 --> 00:31:48,800 Speaker 2: know how much would cost to replace that thing. But 744 00:31:49,000 --> 00:31:51,200 Speaker 2: here's what you should do. Get this thing called CATA 745 00:31:51,200 --> 00:31:53,520 Speaker 2: clean and it's like twenty six bucks a bottle. 746 00:31:53,600 --> 00:31:56,360 Speaker 1: You can clean it. You can clean that catalytic converder. 747 00:31:56,560 --> 00:31:59,360 Speaker 3: You shove that thing. You put the fluid into your 748 00:32:00,800 --> 00:32:02,080 Speaker 3: and then even additive. 749 00:32:02,240 --> 00:32:06,080 Speaker 2: Yeah, so did it work? The check engine life has 750 00:32:06,080 --> 00:32:09,120 Speaker 2: not come back on what Yeah, so pretty cool stuff. 751 00:32:09,160 --> 00:32:12,640 Speaker 1: It's like bleach. It's like the old coronavirus. 752 00:32:13,080 --> 00:32:14,920 Speaker 2: I did not look at the list of ingredients on 753 00:32:14,960 --> 00:32:17,520 Speaker 2: the bottle, but one that was cool with the mechanic 754 00:32:17,560 --> 00:32:19,160 Speaker 2: to tell me that, and then that was nice. Two 755 00:32:19,200 --> 00:32:21,720 Speaker 2: pretty cool That twenty six dollars fix instead of a 756 00:32:21,760 --> 00:32:25,480 Speaker 2: probably thousand plus dollar fix. I think that as a win. So, yeah, 757 00:32:25,800 --> 00:32:29,560 Speaker 2: DIY your auto repairs. Hopefully you'll save money. All right, 758 00:32:29,600 --> 00:32:31,920 Speaker 2: let's talk about jobs for a second, Matt. New research 759 00:32:32,040 --> 00:32:37,040 Speaker 2: from Burning Last Institute finds that folks who avoid college 760 00:32:37,360 --> 00:32:38,120 Speaker 2: can still prosper. 761 00:32:38,120 --> 00:32:39,240 Speaker 1: And we've talked. 762 00:32:39,000 --> 00:32:41,440 Speaker 2: About this on the show a lot over the years, 763 00:32:41,480 --> 00:32:43,840 Speaker 2: and not every Some people should go to college and 764 00:32:43,840 --> 00:32:46,520 Speaker 2: other people shouldn't. Right, It's it's not necessarily a cut 765 00:32:46,560 --> 00:32:49,800 Speaker 2: and dry everyone should go in this path or not. 766 00:32:50,480 --> 00:32:53,400 Speaker 2: But they highlighted what they called launch pad jobs for 767 00:32:53,480 --> 00:32:55,760 Speaker 2: high school students. They're going to help propel them to 768 00:32:55,840 --> 00:32:59,720 Speaker 2: hire earnings in the coming years. And the basically what 769 00:32:59,720 --> 00:33:03,440 Speaker 2: they're highlighting is, well, yeah, the initial job itself might 770 00:33:03,480 --> 00:33:07,160 Speaker 2: not be incredibly lucrative, but the skills and the connections 771 00:33:07,520 --> 00:33:09,680 Speaker 2: that you can get at these launch pad jobs can 772 00:33:09,720 --> 00:33:12,880 Speaker 2: be instrumental for future career success. And so a few 773 00:33:12,920 --> 00:33:15,600 Speaker 2: of the jobs they highlighted are being a bank teller, 774 00:33:15,960 --> 00:33:16,880 Speaker 2: being a telemarketer. 775 00:33:17,000 --> 00:33:20,400 Speaker 3: Interesting enough, I bank teller, may that guy's taking home 776 00:33:20,440 --> 00:33:21,600 Speaker 3: ten thousand dollars a day. 777 00:33:22,040 --> 00:33:22,719 Speaker 1: How's he do it? 778 00:33:23,440 --> 00:33:25,240 Speaker 2: Yeah, I don't know how the telemarketer I think fits 779 00:33:25,240 --> 00:33:28,480 Speaker 2: in there. The flight attendants, pharmacy aids, and restaurant hosts. Like, 780 00:33:28,480 --> 00:33:30,320 Speaker 2: if you're any of those jobs, these are launch pad 781 00:33:30,400 --> 00:33:31,960 Speaker 2: jobs that are going to, even though they might not 782 00:33:32,000 --> 00:33:34,960 Speaker 2: pay very much right now, lead you to better opportunities 783 00:33:35,000 --> 00:33:35,440 Speaker 2: in the future. 784 00:33:35,440 --> 00:33:38,160 Speaker 3: I think the telemarketer might be similar to restaurant hosts. 785 00:33:38,320 --> 00:33:41,320 Speaker 3: It's like, maybe more about the interpersonal communications. Yeah, maybe 786 00:33:41,360 --> 00:33:43,080 Speaker 3: it's the ability to talk to any but like it's 787 00:33:43,160 --> 00:33:45,680 Speaker 3: especially a telemarketer, Like, that's a sales job. So if 788 00:33:45,720 --> 00:33:48,760 Speaker 3: you can, dude, if you crush as a telemarketer, can 789 00:33:48,800 --> 00:33:51,400 Speaker 3: you imagine if you're selling I don't know, some crappy 790 00:33:51,440 --> 00:33:55,000 Speaker 3: financial products working for a Wall Street company, you probably 791 00:33:55,000 --> 00:33:55,720 Speaker 3: can make a lot of money. 792 00:33:55,760 --> 00:33:57,800 Speaker 2: It's like if you sold vacuums, door to door back 793 00:33:57,840 --> 00:33:59,560 Speaker 2: in the day, like and you did it. You had 794 00:33:59,560 --> 00:34:02,239 Speaker 2: so many you learned how to talk to people. You're 795 00:34:02,280 --> 00:34:05,719 Speaker 2: in sales, right, So that makes sense. And so what 796 00:34:05,720 --> 00:34:07,560 Speaker 2: they're trying to highlight here is that two jobs with 797 00:34:07,600 --> 00:34:10,279 Speaker 2: the same starting salary are not necessarily going to. 798 00:34:10,280 --> 00:34:11,360 Speaker 1: Lead to equal outcomes. 799 00:34:11,760 --> 00:34:13,560 Speaker 2: And you and I we've always said we believe that 800 00:34:13,680 --> 00:34:15,480 Speaker 2: a college degree can be good. You and I both 801 00:34:15,520 --> 00:34:19,000 Speaker 2: have college degrees. But it's also of course less of 802 00:34:19,040 --> 00:34:22,440 Speaker 2: a necessity now, especially depending on what you want your 803 00:34:22,680 --> 00:34:25,160 Speaker 2: your future career, your future work life to look like. 804 00:34:25,680 --> 00:34:28,759 Speaker 2: But knowing which jobs offer the highest chance for long 805 00:34:28,840 --> 00:34:31,840 Speaker 2: term success, yes, is really crucial. So we'll put a 806 00:34:31,840 --> 00:34:33,840 Speaker 2: link to that report in the show notes up on 807 00:34:33,840 --> 00:34:36,720 Speaker 2: how tomoney dot com, so you can see for yourself 808 00:34:36,760 --> 00:34:39,520 Speaker 2: what the range of jobs are that are more likely 809 00:34:39,880 --> 00:34:42,640 Speaker 2: to have a higher payoff for you if you opt 810 00:34:42,840 --> 00:34:44,360 Speaker 2: to not take the college out totally. 811 00:34:44,440 --> 00:34:46,880 Speaker 3: Yeah, And one way to make a college degree payoff 812 00:34:46,920 --> 00:34:50,880 Speaker 3: more fully is to get work experience while going to school. 813 00:34:51,440 --> 00:34:53,600 Speaker 3: Internships is what we're talking about here. They can provide 814 00:34:53,640 --> 00:34:57,600 Speaker 3: a meaningful pathway to a great job after graduation. There's 815 00:34:57,600 --> 00:35:01,959 Speaker 3: an article about schools like Soul that prioritized this real 816 00:35:02,040 --> 00:35:05,279 Speaker 3: life work experience for students. Ninety four percent of young 817 00:35:05,320 --> 00:35:07,960 Speaker 3: adults there take a six month break to work in 818 00:35:08,040 --> 00:35:10,480 Speaker 3: a job in their perspective field. 819 00:35:10,800 --> 00:35:11,359 Speaker 1: I love it. 820 00:35:11,440 --> 00:35:13,160 Speaker 3: I remember the first time hearing about this literally when 821 00:35:13,160 --> 00:35:17,000 Speaker 3: I was in college a lifetime ago, but hearing about 822 00:35:17,040 --> 00:35:19,719 Speaker 3: friends who were going to Georgia Tech and the co 823 00:35:19,760 --> 00:35:22,080 Speaker 3: op model where basically you go to school for a semester, 824 00:35:22,600 --> 00:35:25,120 Speaker 3: you work for a semester, rinse, and repeat. But this 825 00:35:25,239 --> 00:35:29,560 Speaker 3: model often leads to employment upon graduation. It often leads 826 00:35:29,560 --> 00:35:30,760 Speaker 3: to higher starting salaries. 827 00:35:31,000 --> 00:35:33,000 Speaker 1: Could you get some work experience, Yeah, that. 828 00:35:33,000 --> 00:35:35,920 Speaker 3: Makes sense because as a young adult oftentimes that's what 829 00:35:35,960 --> 00:35:38,160 Speaker 3: you're looking for if you are looking to launch. 830 00:35:37,920 --> 00:35:39,560 Speaker 1: Your careers right out of college, like. 831 00:35:39,520 --> 00:35:41,319 Speaker 3: This is likely going to be the past, and it's 832 00:35:41,320 --> 00:35:44,000 Speaker 3: not only for tech schools, Like if you were in engineering, 833 00:35:44,040 --> 00:35:46,480 Speaker 3: I mean I had friends and focusing on liberal arts 834 00:35:46,520 --> 00:35:49,560 Speaker 3: degrees and even still taking internships over the summer. Yeah, 835 00:35:49,640 --> 00:35:52,680 Speaker 3: can be invaluable. Whereas I I credit my internship to 836 00:35:53,520 --> 00:35:55,799 Speaker 3: a huge part of the early career success that I had. 837 00:35:55,840 --> 00:35:57,800 Speaker 3: Whereas me, I was just like off in the mountains 838 00:35:57,880 --> 00:36:01,520 Speaker 3: working at a boys outdoor camp, which meant that, like 839 00:36:01,560 --> 00:36:05,600 Speaker 3: I can accurately report that my starting salary at my 840 00:36:05,640 --> 00:36:08,400 Speaker 3: first job upon a graduation was less than that of 841 00:36:08,400 --> 00:36:10,760 Speaker 3: my friends who were interning literally in New York City. 842 00:36:11,160 --> 00:36:13,239 Speaker 3: But that being said, what we're talking about here is 843 00:36:13,280 --> 00:36:16,520 Speaker 3: having the right information, because jobs and careers not all 844 00:36:16,760 --> 00:36:18,960 Speaker 3: about the money, but you need to know, you need 845 00:36:19,000 --> 00:36:21,440 Speaker 3: to be an informed decision maker. And for folks who 846 00:36:21,480 --> 00:36:23,600 Speaker 3: are looking to get their career started on the right foot, 847 00:36:24,120 --> 00:36:27,359 Speaker 3: don't forget that co ops and internships are a great 848 00:36:27,360 --> 00:36:28,080 Speaker 3: way to make that happen. 849 00:36:28,120 --> 00:36:31,200 Speaker 2: It's also incredible to think that you might not even 850 00:36:31,239 --> 00:36:33,719 Speaker 2: have to apply for jobs because you intern somewhere and 851 00:36:33,760 --> 00:36:35,840 Speaker 2: if you do a good job and they're hiring, like ye, 852 00:36:36,160 --> 00:36:38,400 Speaker 2: you're like right in the pipeline, so you might not 853 00:36:38,480 --> 00:36:40,120 Speaker 2: even have to like create a resume. 854 00:36:40,600 --> 00:36:42,800 Speaker 3: It's just a fun way to try out the industry 855 00:36:42,880 --> 00:36:46,160 Speaker 3: the field as well. Like again, my brother in law 856 00:36:46,200 --> 00:36:49,520 Speaker 3: he co opted with a boat maker. They made like 857 00:36:49,560 --> 00:36:51,719 Speaker 3: these nice yacht not light full on yachts, but like, 858 00:36:51,760 --> 00:36:54,320 Speaker 3: I don't know, somewhere in between expensive boats and yachts. 859 00:36:54,320 --> 00:36:57,160 Speaker 3: I don't know what you call that, no idea, but 860 00:36:57,360 --> 00:36:59,120 Speaker 3: like these are really nice boats and it was a 861 00:36:59,120 --> 00:37:00,920 Speaker 3: great exposure to that industry, and I think he had 862 00:37:00,920 --> 00:37:02,920 Speaker 3: a lot of fun, but I think that helped him 863 00:37:02,920 --> 00:37:05,040 Speaker 3: to realize, yeah, it was cool, but it's not what 864 00:37:05,080 --> 00:37:07,480 Speaker 3: I want to focus on when I actually do graduate 865 00:37:07,520 --> 00:37:10,560 Speaker 3: from Clemson. In his case, he was focusing on an 866 00:37:10,600 --> 00:37:11,440 Speaker 3: engineering degree. 867 00:37:11,440 --> 00:37:11,600 Speaker 1: There. 868 00:37:11,719 --> 00:37:13,200 Speaker 2: That's a good point. You might have more of an 869 00:37:13,239 --> 00:37:15,000 Speaker 2: idea of what you want to do by trying out 870 00:37:15,000 --> 00:37:16,800 Speaker 2: things that you don't want to do. You decide you 871 00:37:16,800 --> 00:37:18,400 Speaker 2: don't want to do after doing it, doing it for 872 00:37:18,480 --> 00:37:20,960 Speaker 2: six months, or some little test drive. Yeah, all right, Matt, 873 00:37:21,000 --> 00:37:23,439 Speaker 2: that's gonna do it. For this episode. We will put 874 00:37:23,440 --> 00:37:25,640 Speaker 2: links to some of the stories we mentioned up in 875 00:37:25,640 --> 00:37:28,000 Speaker 2: the show notes on our website at helptimoney dot com. 876 00:37:28,360 --> 00:37:30,719 Speaker 2: But that's gonna do it for now. Until next time, 877 00:37:31,160 --> 00:37:33,120 Speaker 2: best Friends Out and Best Friends Out