1 00:00:00,120 --> 00:00:02,719 Speaker 1: Welcome to How the Money. I'm Joel and I'm Matt, 2 00:00:02,840 --> 00:00:05,040 Speaker 1: and today we're talking about how working from home might 3 00:00:05,040 --> 00:00:07,400 Speaker 1: be coming to an end, bikers need to be aware, 4 00:00:07,720 --> 00:00:29,680 Speaker 1: and stock market bubbles, Yeah, stock market bubbles were Actually 5 00:00:29,720 --> 00:00:32,120 Speaker 1: we're gonna talk about investing a decent bit during this 6 00:00:32,159 --> 00:00:35,800 Speaker 1: episode and even this week. Man, we've touched on investing 7 00:00:35,840 --> 00:00:38,519 Speaker 1: on Wednesday as well. Uh so, yeah, I listen back 8 00:00:38,560 --> 00:00:40,320 Speaker 1: to that one if you haven't already. But Friday Flight, 9 00:00:40,360 --> 00:00:42,600 Speaker 1: that's what we're talking about today. We're talking about the 10 00:00:42,600 --> 00:00:44,960 Speaker 1: different headlines that we came across that we found interesting, 11 00:00:45,280 --> 00:00:49,159 Speaker 1: specifically because they pertain to ours as well as our 12 00:00:49,200 --> 00:00:52,839 Speaker 1: listeners finances. That's why we like these episodes. That's right, 13 00:00:52,920 --> 00:00:54,680 Speaker 1: and so all right, one headline that I want to 14 00:00:54,680 --> 00:00:56,480 Speaker 1: talk about before we get into the Friday Flight is 15 00:00:56,480 --> 00:00:59,160 Speaker 1: one that's on our website on How to Money dot com. 16 00:00:59,200 --> 00:01:03,639 Speaker 1: And uh it's it's just like this seasonal thing pest control. Right, 17 00:01:03,680 --> 00:01:06,479 Speaker 1: people are all around the country, whether's warming up, there's 18 00:01:06,520 --> 00:01:10,320 Speaker 1: more like pests floating around in general. And I just 19 00:01:10,360 --> 00:01:12,840 Speaker 1: want to let people know that likely in your budget, 20 00:01:13,000 --> 00:01:15,760 Speaker 1: if you own home, you are paying someone to do 21 00:01:15,800 --> 00:01:18,680 Speaker 1: pest control at your house, and that can really add up. 22 00:01:18,680 --> 00:01:21,440 Speaker 1: It could be ninety dollars a quarter, right, which means 23 00:01:21,480 --> 00:01:24,080 Speaker 1: that's three and sixty dollars a year that you're paying 24 00:01:24,400 --> 00:01:27,600 Speaker 1: someone else to do pest control at your property. And 25 00:01:27,880 --> 00:01:29,920 Speaker 1: that's not the worst thing in the world, right, Sometimes 26 00:01:29,920 --> 00:01:32,240 Speaker 1: it's nice to have someone do that for you. But 27 00:01:32,240 --> 00:01:35,680 Speaker 1: but if you are frugal, it is something that you 28 00:01:35,720 --> 00:01:38,840 Speaker 1: can attempt to do yourself, and it's really not that hard. 29 00:01:39,240 --> 00:01:41,720 Speaker 1: And so I wrote an article a while back on 30 00:01:41,880 --> 00:01:43,800 Speaker 1: how the Money dot Com and I just updated it 31 00:01:44,200 --> 00:01:47,560 Speaker 1: just kind of to help people see one exactly how 32 00:01:47,600 --> 00:01:50,440 Speaker 1: to do it, where you get the right chemicals that 33 00:01:50,520 --> 00:01:53,560 Speaker 1: the pros use, and then how you can actually do 34 00:01:53,600 --> 00:01:58,280 Speaker 1: the application yourself without it being too difficult. And so yeah, 35 00:01:58,320 --> 00:01:59,880 Speaker 1: I think a lot of people may might be like, 36 00:02:00,000 --> 00:02:01,960 Speaker 1: oh man, that's that sounds like a tough thing to 37 00:02:02,000 --> 00:02:04,000 Speaker 1: do on my own, But really, when it comes down 38 00:02:04,040 --> 00:02:06,200 Speaker 1: to it, it's a very simple thing and it can 39 00:02:06,200 --> 00:02:08,200 Speaker 1: save you a whole lot of money. You can spend 40 00:02:08,240 --> 00:02:10,760 Speaker 1: less amassing the things that you need to to get 41 00:02:10,800 --> 00:02:13,000 Speaker 1: in order to do pest control for years to come. 42 00:02:13,240 --> 00:02:15,120 Speaker 1: Then it would cost you in all likelihood to have 43 00:02:15,200 --> 00:02:18,400 Speaker 1: just one quarters with the pest control service from a 44 00:02:18,440 --> 00:02:20,799 Speaker 1: major company. Yeah, it's a lot easier than folks think. 45 00:02:20,800 --> 00:02:22,600 Speaker 1: It's something that that we've done for a number of 46 00:02:22,639 --> 00:02:25,200 Speaker 1: years now. Uh. And you know, do something we've realized too, 47 00:02:25,240 --> 00:02:27,239 Speaker 1: is that you can't just spray in the corners of 48 00:02:27,280 --> 00:02:29,160 Speaker 1: your home and around the outside of your house as well, 49 00:02:29,200 --> 00:02:31,600 Speaker 1: for like termites, you can do that, but like I'm 50 00:02:31,600 --> 00:02:34,360 Speaker 1: thinking about ants specifically, right, Like we've got kids inside 51 00:02:34,360 --> 00:02:37,360 Speaker 1: the house. There are crumbs, uh, and you can't just 52 00:02:37,600 --> 00:02:41,760 Speaker 1: spray the like the chemicals which are are safe if 53 00:02:41,760 --> 00:02:44,040 Speaker 1: you apply them properly, but you you've also got to 54 00:02:44,040 --> 00:02:46,840 Speaker 1: get rid of the crumbs, you know, because otherwise they're 55 00:02:46,840 --> 00:02:49,280 Speaker 1: going to continue to come back to the source of 56 00:02:49,360 --> 00:02:51,560 Speaker 1: their food. I feel like we're realizing that most acutely 57 00:02:51,639 --> 00:02:54,240 Speaker 1: when it comes to crumbs in the van. Dude, have 58 00:02:54,240 --> 00:02:56,560 Speaker 1: you ever gotten ants like in your vehicle? In your 59 00:02:56,560 --> 00:02:59,080 Speaker 1: car in the behalf. Ants in the vehicle are the 60 00:02:59,120 --> 00:03:01,120 Speaker 1: worst because so to get rid of them sitting there 61 00:03:01,120 --> 00:03:02,920 Speaker 1: and you're driving and you feel them crawling up your 62 00:03:03,000 --> 00:03:06,359 Speaker 1: leg and start freaking out. But like at this point now, 63 00:03:06,480 --> 00:03:08,400 Speaker 1: like honestly, like we try to keep the car clean, 64 00:03:08,600 --> 00:03:11,040 Speaker 1: but we pretty much keep like those aunt bait stations 65 00:03:11,360 --> 00:03:13,840 Speaker 1: under our seats, tucked up under there like they're out 66 00:03:13,840 --> 00:03:15,560 Speaker 1: of the way. No one ever messes with them, but 67 00:03:15,600 --> 00:03:17,120 Speaker 1: we just kind of keeping their full time that way. 68 00:03:17,120 --> 00:03:19,000 Speaker 1: If any ants do make their way inside the vehicle, 69 00:03:19,240 --> 00:03:21,280 Speaker 1: they smell that, I think it's like peanut butter bait, 70 00:03:22,600 --> 00:03:24,000 Speaker 1: but they go, they go up in there and then 71 00:03:24,040 --> 00:03:27,160 Speaker 1: they die. So that's actually not in your pest control article, 72 00:03:27,200 --> 00:03:30,520 Speaker 1: but it's a nice little extratifical bonus. Yeah. Yeah, Well, 73 00:03:30,520 --> 00:03:32,680 Speaker 1: in that article we specifically link out to the exact 74 00:03:32,720 --> 00:03:35,200 Speaker 1: things you need to get that are and you know, 75 00:03:35,400 --> 00:03:37,400 Speaker 1: you could go to Lows or home depot and buy 76 00:03:37,440 --> 00:03:39,960 Speaker 1: something that's like pest control off the shelf, but that's 77 00:03:40,000 --> 00:03:42,280 Speaker 1: not the stuff that you want because it's not actually 78 00:03:42,320 --> 00:03:44,600 Speaker 1: going to do the job nearly as well as some 79 00:03:44,680 --> 00:03:47,040 Speaker 1: of the professional grade solutions that are out there. And 80 00:03:47,040 --> 00:03:48,600 Speaker 1: so yeah, we'll link to that in the Charlotte's and 81 00:03:48,640 --> 00:03:51,040 Speaker 1: you know what, by next weekend, you can be a 82 00:03:51,080 --> 00:03:53,840 Speaker 1: weekend warrior doing your own pest control at home. That's right, man. 83 00:03:53,880 --> 00:03:55,560 Speaker 1: All right, let's go ahead and move along with our 84 00:03:55,600 --> 00:03:58,360 Speaker 1: Friday flights. Let's talk about credit cards. A new study 85 00:03:58,360 --> 00:04:01,600 Speaker 1: from bank Rate reveals that more thet of people didn't 86 00:04:01,640 --> 00:04:05,000 Speaker 1: redeem their credit card rewards. Of course, if if most 87 00:04:05,000 --> 00:04:06,760 Speaker 1: of your rewards are best to used in the form 88 00:04:06,800 --> 00:04:09,360 Speaker 1: of travel, it's no wonder that you didn't redeem any 89 00:04:09,360 --> 00:04:11,480 Speaker 1: of those rewards. But you know, just seeing that stat 90 00:04:11,520 --> 00:04:13,960 Speaker 1: maybe want to remind everyone out there to use your 91 00:04:14,080 --> 00:04:16,960 Speaker 1: rewards if you have them, Uh, don't let them languish 92 00:04:17,080 --> 00:04:20,800 Speaker 1: all alone and go unredeemed completely. And also too, if 93 00:04:20,839 --> 00:04:23,160 Speaker 1: you have the habit of not using the rewards that 94 00:04:23,200 --> 00:04:24,839 Speaker 1: you rack up, either you know, come up with a 95 00:04:24,880 --> 00:04:27,719 Speaker 1: system that will help you to either use them regularly 96 00:04:27,960 --> 00:04:31,240 Speaker 1: or start using a cash back card that will automatically 97 00:04:31,279 --> 00:04:35,120 Speaker 1: apply your rewards to lower the monthly balance. I'm actually 98 00:04:35,400 --> 00:04:37,760 Speaker 1: a big fan of that myself. So sometimes it's not 99 00:04:37,800 --> 00:04:41,159 Speaker 1: a question of getting the absolute best possible points and 100 00:04:41,200 --> 00:04:42,919 Speaker 1: bonuses that are out there. It can be more important 101 00:04:42,920 --> 00:04:45,000 Speaker 1: to just make sure that we are actually using the 102 00:04:45,080 --> 00:04:47,520 Speaker 1: rewards that we get based on how it is that 103 00:04:47,560 --> 00:04:50,120 Speaker 1: we spend our money. Yeah, and sometimes that little behavioral 104 00:04:50,160 --> 00:04:53,480 Speaker 1: thing of having them automatically redeemed towards your statement balance 105 00:04:54,080 --> 00:04:56,480 Speaker 1: is just it's what we're gonna do, right, like and 106 00:04:56,480 --> 00:04:58,920 Speaker 1: and and if if not. Some of our rewards are 107 00:04:58,960 --> 00:05:02,800 Speaker 1: just gonna sit there, unused, unloved, and if that's the case, 108 00:05:02,839 --> 00:05:05,640 Speaker 1: they're wasted. So but it's a word, yeah exactly. I 109 00:05:05,680 --> 00:05:07,440 Speaker 1: like the actually yeah, I like the automatic once it 110 00:05:07,440 --> 00:05:10,000 Speaker 1: gets up to twenty five dollars, it's just like automatically 111 00:05:10,160 --> 00:05:12,920 Speaker 1: applied to the account. I love it. And And speaking 112 00:05:13,000 --> 00:05:15,080 Speaker 1: of credit card rewards, Matt though, the Wall Street Journal 113 00:05:15,160 --> 00:05:18,440 Speaker 1: had an article about maybe more innovative credit card rewards 114 00:05:18,440 --> 00:05:20,640 Speaker 1: that were likely to see in the coming years. Maybe 115 00:05:20,760 --> 00:05:23,560 Speaker 1: one of these days we'll see rewards like redeeming a 116 00:05:23,560 --> 00:05:25,159 Speaker 1: bunch of points to be able to take a trip 117 00:05:25,160 --> 00:05:26,960 Speaker 1: to outer space. That was one of the things that 118 00:05:27,040 --> 00:05:29,720 Speaker 1: was mentioned. That'd be kind of cool. Although would you 119 00:05:29,720 --> 00:05:31,840 Speaker 1: actually do that? That'd be a lot of rewards, though, dude, Like, 120 00:05:31,880 --> 00:05:34,280 Speaker 1: who's got that many rewards? Like eight people have to 121 00:05:34,320 --> 00:05:38,839 Speaker 1: sit on your points for like ten years. I'm finally, 122 00:05:39,000 --> 00:05:41,640 Speaker 1: when you're geriatric, you can go to space. But um, yeah, 123 00:05:41,760 --> 00:05:43,720 Speaker 1: I think I would go to space if if it 124 00:05:43,760 --> 00:05:45,839 Speaker 1: was free, but it's probably gonna be, you know, out 125 00:05:45,839 --> 00:05:47,280 Speaker 1: of my price range. Yeah, I'm not sure if I 126 00:05:47,279 --> 00:05:48,840 Speaker 1: actually have a desire to to do that. I kind 127 00:05:48,880 --> 00:05:51,359 Speaker 1: of like it. Here on the ground be firmly planted, 128 00:05:51,720 --> 00:05:54,360 Speaker 1: I understand. I think, uh yeah. A couple of the 129 00:05:54,400 --> 00:05:56,880 Speaker 1: other potential rewards that might be available in the near 130 00:05:57,080 --> 00:06:00,320 Speaker 1: term as well are rewards that will help you pay 131 00:06:00,360 --> 00:06:03,080 Speaker 1: down your student loans. And so FI actually already has 132 00:06:03,080 --> 00:06:05,320 Speaker 1: a credit card that's doing this. It's like two percent 133 00:06:05,360 --> 00:06:08,640 Speaker 1: cash back and you can put that money directly towards 134 00:06:08,760 --> 00:06:11,560 Speaker 1: your student loan payment. Uh. There's also gonna be rewards 135 00:06:11,560 --> 00:06:13,960 Speaker 1: that you can redeem inside of your favorite video game 136 00:06:14,240 --> 00:06:17,640 Speaker 1: to buy like stuff that you use, like characters and 137 00:06:17,720 --> 00:06:20,520 Speaker 1: special power packs. Yeah, power packs. I guess I don't 138 00:06:20,520 --> 00:06:22,800 Speaker 1: know enough really to comment on that. Um. And then 139 00:06:22,960 --> 00:06:24,920 Speaker 1: rewards that are going to help you pay rent is 140 00:06:24,960 --> 00:06:27,599 Speaker 1: something that other credit card companies were working on. It 141 00:06:27,640 --> 00:06:30,800 Speaker 1: does feel like the possibilities with credit card rewards are endless. 142 00:06:30,920 --> 00:06:33,120 Speaker 1: It's gonna be interesting to see what happens. But just 143 00:06:33,160 --> 00:06:36,000 Speaker 1: remember that those rewards likely said only matter if you 144 00:06:36,080 --> 00:06:39,440 Speaker 1: actually use them. And those cash back credit cards are 145 00:06:39,520 --> 00:06:42,039 Speaker 1: just the best for so many folks because it's easy 146 00:06:42,080 --> 00:06:45,039 Speaker 1: to redeem and you know, you can always use the 147 00:06:45,080 --> 00:06:47,040 Speaker 1: rewards no matter what. And of course, there are other 148 00:06:47,080 --> 00:06:49,760 Speaker 1: ways of getting rewarded that you have to like figure 149 00:06:49,760 --> 00:06:51,320 Speaker 1: out how to use them, or win to use them, 150 00:06:51,400 --> 00:06:54,039 Speaker 1: or remember to use them, and it's just nice to 151 00:06:54,080 --> 00:06:55,839 Speaker 1: have hit the easy button. And so that's why we 152 00:06:55,880 --> 00:06:58,880 Speaker 1: like some of those cash back credit cards, in particularly 153 00:06:58,880 --> 00:07:01,760 Speaker 1: the two percent once, the Fidelity cash Back Card and 154 00:07:01,800 --> 00:07:04,880 Speaker 1: the City Double Cash. Those are the best ones for 155 00:07:04,920 --> 00:07:07,359 Speaker 1: a whole lot of people. That's right, get that fungible 156 00:07:07,520 --> 00:07:11,520 Speaker 1: universal cash money instead of the points. So let's talk 157 00:07:11,560 --> 00:07:14,240 Speaker 1: about a funny investing kind of related story that we 158 00:07:14,280 --> 00:07:16,160 Speaker 1: came across this week. One of our favorite low cost 159 00:07:16,200 --> 00:07:20,280 Speaker 1: investment companies, Vanguard, they actually recently made a small mishap. 160 00:07:20,560 --> 00:07:22,920 Speaker 1: It turns out that the mistake was actually a good 161 00:07:22,960 --> 00:07:27,040 Speaker 1: thing for investors. Morning Star recounted the details of how 162 00:07:27,080 --> 00:07:31,680 Speaker 1: some five nine plan investors in Nevada actually benefited from 163 00:07:31,720 --> 00:07:35,240 Speaker 1: a more conservative account receiving too high of an allocation 164 00:07:35,400 --> 00:07:39,080 Speaker 1: two stocks high to be exact, and so they realized 165 00:07:39,120 --> 00:07:42,080 Speaker 1: the mistake within just a few months. But then those 166 00:07:42,160 --> 00:07:44,800 Speaker 1: investors they actually received much better returns in that short 167 00:07:44,800 --> 00:07:47,320 Speaker 1: period of time due to the error. Uh So, it's 168 00:07:47,320 --> 00:07:49,640 Speaker 1: always nice to be on the winning side of a 169 00:07:49,680 --> 00:07:51,720 Speaker 1: mistake like this. But I'm sure if there's a bank 170 00:07:51,800 --> 00:07:53,680 Speaker 1: or a brokerage out there, who had, you know, done 171 00:07:53,720 --> 00:07:56,200 Speaker 1: the opposite and folks had actually lost money, we would 172 00:07:56,200 --> 00:07:59,000 Speaker 1: probably be hearing from maybe a lot more folks than 173 00:07:59,000 --> 00:08:00,920 Speaker 1: folks were like, Oh I got more money, okay, exactly, 174 00:08:00,960 --> 00:08:03,080 Speaker 1: I'm not gonna complain all that much exactly. Yeah. It's 175 00:08:03,120 --> 00:08:04,880 Speaker 1: kind of kind of funny that that happened, though. It 176 00:08:04,960 --> 00:08:07,200 Speaker 1: was an interesting story. Of course. One of the reasons 177 00:08:07,280 --> 00:08:09,120 Speaker 1: we like Van Guards so much is because of its 178 00:08:09,160 --> 00:08:12,600 Speaker 1: commitment to super low costs for investors. And it turns 179 00:08:12,600 --> 00:08:16,080 Speaker 1: out that low cost is actually, in many ways, oftentimes 180 00:08:16,160 --> 00:08:19,800 Speaker 1: better than getting something for free. And behavioral expert Dan 181 00:08:19,840 --> 00:08:22,240 Speaker 1: Egan discussed that this week on a blog post that 182 00:08:22,280 --> 00:08:24,240 Speaker 1: he made. He works over a Betterment, which is a 183 00:08:24,280 --> 00:08:27,040 Speaker 1: great robo advisor, and he just puts a lot of 184 00:08:27,080 --> 00:08:30,400 Speaker 1: thought into the behavioral strategy for that company to help 185 00:08:30,400 --> 00:08:33,640 Speaker 1: people make better choices. And it kind of sounds stupid 186 00:08:33,640 --> 00:08:36,280 Speaker 1: when you initially hear it that low cost is better 187 00:08:36,360 --> 00:08:38,960 Speaker 1: than free. You're like, huh, what, No, I like free 188 00:08:38,960 --> 00:08:41,679 Speaker 1: stuff and I would prefer not to pay anything because 189 00:08:41,679 --> 00:08:44,079 Speaker 1: that's that's gonna be better, right. Well, it turns out 190 00:08:44,120 --> 00:08:47,080 Speaker 1: that some amount of friction will make us think twice, 191 00:08:47,200 --> 00:08:51,080 Speaker 1: whereas free gets us almost like too excited. Um, that's 192 00:08:51,080 --> 00:08:53,520 Speaker 1: the case with free shipping and free stock trading both right, 193 00:08:53,679 --> 00:08:56,040 Speaker 1: and other things too. But it's easy for our brain 194 00:08:56,120 --> 00:08:59,000 Speaker 1: to say yes. If shipping doesn't cost a time, we're 195 00:08:59,040 --> 00:09:01,319 Speaker 1: we're more likely to make CANNI advised purchase. And if 196 00:09:01,600 --> 00:09:04,360 Speaker 1: stock training is free, were likely to do it more often. 197 00:09:04,640 --> 00:09:06,720 Speaker 1: And so the sweet spot in both of these cases 198 00:09:06,880 --> 00:09:10,320 Speaker 1: is actually low cost, not free. Having to pay at 199 00:09:10,400 --> 00:09:13,520 Speaker 1: least something causes us to slow down just long enough 200 00:09:13,559 --> 00:09:16,200 Speaker 1: to make a better informed decision yea. And so whether 201 00:09:16,240 --> 00:09:18,880 Speaker 1: it comes to the purchases that we're making or our 202 00:09:18,920 --> 00:09:21,120 Speaker 1: investment moves, Hopefully all of our listeners out there are 203 00:09:21,200 --> 00:09:24,040 Speaker 1: making informed decisions. But it's important to point out how 204 00:09:24,240 --> 00:09:27,320 Speaker 1: all of us are susceptible to these different marketing tactics 205 00:09:27,320 --> 00:09:29,520 Speaker 1: and and options that we have available to us, like 206 00:09:29,640 --> 00:09:32,320 Speaker 1: everything being free. Right, let's talk a little bit about 207 00:09:32,320 --> 00:09:35,240 Speaker 1: working from home. Do employers are starting to make their 208 00:09:35,280 --> 00:09:38,959 Speaker 1: intentions known about the end of working from home? Essentially, 209 00:09:39,280 --> 00:09:42,840 Speaker 1: Google is accelerating its plans to bring workers back. Shifting 210 00:09:42,840 --> 00:09:45,080 Speaker 1: to part time remote work is becoming the new standard 211 00:09:45,160 --> 00:09:49,160 Speaker 1: at Microsoft and the Wells Fargo even is attempting to 212 00:09:49,200 --> 00:09:53,760 Speaker 1: get employees back in September. We're not fans of them. 213 00:09:54,280 --> 00:09:57,800 Speaker 1: And it's understandable why this is too. Half of eighteen 214 00:09:57,840 --> 00:09:59,640 Speaker 1: to twenty nine year olds who have been working from 215 00:09:59,640 --> 00:10:02,640 Speaker 1: home are finding it difficult to find the motivation to 216 00:10:02,800 --> 00:10:04,360 Speaker 1: do their jobs, to get the work done. And that's 217 00:10:04,360 --> 00:10:07,240 Speaker 1: according to a pre research study from last October. Uh 218 00:10:07,240 --> 00:10:09,120 Speaker 1: And so you know, while some folks are excited to 219 00:10:09,120 --> 00:10:10,599 Speaker 1: get back into the office, you know, a couple of 220 00:10:10,640 --> 00:10:13,400 Speaker 1: days a week, this might, you know, create some anxiety 221 00:10:13,640 --> 00:10:16,000 Speaker 1: for those folks health concerns or kind of top of mind. 222 00:10:16,480 --> 00:10:17,959 Speaker 1: But you know, even for others, it's just that they've 223 00:10:18,040 --> 00:10:19,640 Speaker 1: kind of gotten used to working from home. They are 224 00:10:19,640 --> 00:10:21,560 Speaker 1: getting their work done, and they don't want to go 225 00:10:21,559 --> 00:10:23,400 Speaker 1: back to commuting every single day. All of the one 226 00:10:23,480 --> 00:10:27,000 Speaker 1: bright spot of commuting more is more podcasts in your life. Dude, 227 00:10:27,000 --> 00:10:30,040 Speaker 1: that is true. I thought about that before, how it's 228 00:10:30,080 --> 00:10:31,719 Speaker 1: not terrible to jump in the car and then like 229 00:10:31,800 --> 00:10:33,720 Speaker 1: run some errands to to be able to listen to 230 00:10:33,720 --> 00:10:36,080 Speaker 1: some podcasts. But I understand how people. I was talking 231 00:10:36,120 --> 00:10:37,959 Speaker 1: to a neighbor the other day and he's like, got 232 00:10:37,960 --> 00:10:40,760 Speaker 1: an hour long commute each way and He's like not, definitely, 233 00:10:40,800 --> 00:10:43,160 Speaker 1: don't want to do that. Again, that's brutal, That's that's 234 00:10:43,200 --> 00:10:46,000 Speaker 1: life in Atlanta. If your employer is pretty far away. 235 00:10:46,360 --> 00:10:48,680 Speaker 1: And so if your employer is starting to hint hint 236 00:10:48,679 --> 00:10:51,200 Speaker 1: at or even you know, state outright that you're going 237 00:10:51,240 --> 00:10:54,320 Speaker 1: to be going back to the office soon, know that 238 00:10:54,360 --> 00:10:57,120 Speaker 1: you can have a discussion, you know, but you'll need 239 00:10:57,160 --> 00:10:58,640 Speaker 1: to make sure that you have evidence on your side 240 00:10:58,679 --> 00:11:01,680 Speaker 1: to help to convince them to allow you to continue 241 00:11:01,679 --> 00:11:03,679 Speaker 1: working from home. Uh. And so to that end, we 242 00:11:03,720 --> 00:11:05,960 Speaker 1: would recommend for folks to track your productivity. You can 243 00:11:05,960 --> 00:11:09,600 Speaker 1: have a list of your work winds handy and then 244 00:11:09,640 --> 00:11:11,719 Speaker 1: of course, you know it's it's important to be responsive 245 00:11:11,760 --> 00:11:14,000 Speaker 1: to your manager or your boss when they need you. 246 00:11:14,360 --> 00:11:16,840 Speaker 1: If you can prove to your boss that you're just 247 00:11:16,880 --> 00:11:19,760 Speaker 1: as effective from home, if not more so than it 248 00:11:19,800 --> 00:11:22,200 Speaker 1: gives you a funny chance to be able to continue 249 00:11:22,200 --> 00:11:25,280 Speaker 1: working from home. Basically, you want to advocate for yourself 250 00:11:25,600 --> 00:11:27,400 Speaker 1: just like you would be you know, if you're trying 251 00:11:27,440 --> 00:11:29,800 Speaker 1: to get a raise, because in a sense, like having 252 00:11:29,840 --> 00:11:33,000 Speaker 1: this continued working from home benefit is sort of like 253 00:11:33,040 --> 00:11:35,439 Speaker 1: getting a raise to some folks. Yeah, that's true. It'll 254 00:11:35,679 --> 00:11:38,599 Speaker 1: hopefully lower your costs in other areas of life, like 255 00:11:38,679 --> 00:11:41,440 Speaker 1: your transportation costs. So I agree it's it's important to 256 00:11:41,480 --> 00:11:45,600 Speaker 1: start that discussion even now. Right some of these employers are, 257 00:11:45,679 --> 00:11:47,800 Speaker 1: you know, hinting ahead at the future. Hey, in the 258 00:11:47,840 --> 00:11:51,160 Speaker 1: fall and early winter, we're gonna we're gonna start bringing 259 00:11:51,200 --> 00:11:53,600 Speaker 1: people back. But if you started that discussion now, it's 260 00:11:53,600 --> 00:11:56,120 Speaker 1: going to be more helpful than trying to in September 261 00:11:56,200 --> 00:11:59,240 Speaker 1: or October push back against the new policy. So it's 262 00:11:59,280 --> 00:12:02,960 Speaker 1: crucial to to start that discussion before HR starts to 263 00:12:02,960 --> 00:12:05,559 Speaker 1: implement that policy that doesn't really work for you anymore. 264 00:12:05,880 --> 00:12:08,480 Speaker 1: And I definitely see employers putting their work from home 265 00:12:08,480 --> 00:12:11,440 Speaker 1: policy front and center in the hiring process moving forward, Matt. 266 00:12:11,640 --> 00:12:14,679 Speaker 1: If they're going to keep super flexible work from home abilities, 267 00:12:15,280 --> 00:12:17,160 Speaker 1: that's going to be a selling point for a lot 268 00:12:17,160 --> 00:12:19,760 Speaker 1: of people to work there. And if you don't like 269 00:12:20,000 --> 00:12:22,199 Speaker 1: the work from home policy as your current employer, if 270 00:12:22,200 --> 00:12:25,440 Speaker 1: the changes they're making are really strict and they're just 271 00:12:25,520 --> 00:12:27,080 Speaker 1: not going to fit into the way you want to 272 00:12:27,080 --> 00:12:30,960 Speaker 1: live life, we would say start looking around for another gig. 273 00:12:31,400 --> 00:12:33,400 Speaker 1: That the genie is not going back in the bottle. 274 00:12:33,400 --> 00:12:35,440 Speaker 1: On the work from home trend, it's just a huge 275 00:12:35,440 --> 00:12:38,240 Speaker 1: segment of the population has been working from home for 276 00:12:38,320 --> 00:12:41,120 Speaker 1: too long to just go back like work from home 277 00:12:41,280 --> 00:12:44,439 Speaker 1: didn't exist, right, So yeah, start looking at openings at 278 00:12:44,480 --> 00:12:46,880 Speaker 1: other companies, start shopping the market. You might get more 279 00:12:46,920 --> 00:12:50,400 Speaker 1: work from home flexibility and more pay if you take 280 00:12:50,440 --> 00:12:53,400 Speaker 1: another job as opposed to staying put. And that's exactly 281 00:12:53,400 --> 00:12:56,000 Speaker 1: what my older sister found when she started her new 282 00:12:56,080 --> 00:12:58,160 Speaker 1: job in March. She was able to get more money, 283 00:12:59,200 --> 00:13:02,160 Speaker 1: way better from home benefits. She's working from home five 284 00:13:02,200 --> 00:13:05,320 Speaker 1: days a week indefinitely, which is which is pretty sweet, 285 00:13:05,400 --> 00:13:08,840 Speaker 1: and it's just made a massive change in her lifestyle already. 286 00:13:08,880 --> 00:13:10,320 Speaker 1: This is just gonna be one of those points of 287 00:13:10,360 --> 00:13:14,120 Speaker 1: negotiation moving forward, I think for employees and employers, and 288 00:13:14,120 --> 00:13:16,480 Speaker 1: employees have more cloud than they think they do. I 289 00:13:16,520 --> 00:13:18,959 Speaker 1: think in this regard, they don't just have to take 290 00:13:18,960 --> 00:13:20,760 Speaker 1: it lying down. That's right, Yeah, as long as they're 291 00:13:20,760 --> 00:13:22,600 Speaker 1: getting that work done right. And the cool thing too, 292 00:13:22,640 --> 00:13:24,880 Speaker 1: is that there are a record number of small businesses 293 00:13:25,480 --> 00:13:27,480 Speaker 1: that have jobs that they can't fill and this is 294 00:13:27,520 --> 00:13:31,280 Speaker 1: according to the National Federation of Independent Businesses, and some 295 00:13:31,320 --> 00:13:34,080 Speaker 1: employers are getting so desperate for workers that they're offering 296 00:13:34,200 --> 00:13:37,240 Speaker 1: signing bonuses to to get folks on board. And dude, 297 00:13:37,240 --> 00:13:38,600 Speaker 1: I think we're you know, we might be seeing some 298 00:13:38,600 --> 00:13:42,560 Speaker 1: of the negative effects of jobless benefits that are being extended, uh, 299 00:13:42,600 --> 00:13:45,480 Speaker 1: you know through September. September six, that's a long stinking 300 00:13:45,520 --> 00:13:49,239 Speaker 1: time from now that folks are essentially, yeah, being incentivized 301 00:13:49,280 --> 00:13:51,160 Speaker 1: not necessarily take it out there and to find a 302 00:13:51,200 --> 00:13:53,360 Speaker 1: new job. But in a similar way that we're recommending 303 00:13:53,400 --> 00:13:55,600 Speaker 1: for folks to start looking ahead to the changes that 304 00:13:55,679 --> 00:13:57,360 Speaker 1: might be happening when it comes to working from home. 305 00:13:57,679 --> 00:13:59,560 Speaker 1: If if you're not employed right now, it's important to 306 00:13:59,559 --> 00:14:01,800 Speaker 1: look ahead to know that, like, hey, these benefits aren't 307 00:14:01,800 --> 00:14:03,960 Speaker 1: going to be around forever, and it looks like there 308 00:14:04,000 --> 00:14:06,920 Speaker 1: are a lot of opportunities for folks out there. Yeah, 309 00:14:07,000 --> 00:14:09,440 Speaker 1: the job market seems strong right now, that's for sure, 310 00:14:09,559 --> 00:14:11,240 Speaker 1: and it's a good time to get out there and 311 00:14:11,240 --> 00:14:13,920 Speaker 1: start applying. Whether you have a great job or whether 312 00:14:13,960 --> 00:14:15,679 Speaker 1: you don't have a great job, now is a good 313 00:14:15,679 --> 00:14:17,400 Speaker 1: time to look. Or if you want a better job, 314 00:14:17,720 --> 00:14:19,880 Speaker 1: exactly get the better one. I'm gonna give every one 315 00:14:19,920 --> 00:14:21,840 Speaker 1: two now. I'm kind of tired of this working with 316 00:14:21,880 --> 00:14:23,760 Speaker 1: your best friend thing. You've been here for full time 317 00:14:23,760 --> 00:14:26,640 Speaker 1: now for three months, four months now looking looking for 318 00:14:26,680 --> 00:14:29,640 Speaker 1: greener pastures. Man, if it includes a signing bonus, I'm gone, 319 00:14:29,720 --> 00:14:32,520 Speaker 1: so you'll do it for the two large pizzas exactly. 320 00:14:32,800 --> 00:14:34,720 Speaker 1: All right, We got more to get to, including our 321 00:14:34,880 --> 00:14:37,800 Speaker 1: ludicrous headline of the week about bike thieves. We'll get 322 00:14:37,840 --> 00:14:48,560 Speaker 1: to that and more right after this break. Al Right, 323 00:14:48,600 --> 00:14:50,160 Speaker 1: we are back for the break and Joel, it is 324 00:14:50,160 --> 00:14:54,280 Speaker 1: time for the ludicrous headline of the week. Is that 325 00:14:54,320 --> 00:14:56,200 Speaker 1: how we're gonna do it for now? One hope it's fun? 326 00:14:56,840 --> 00:14:59,680 Speaker 1: All right. Here's the headline, which is bike thieves are 327 00:14:59,720 --> 00:15:01,920 Speaker 1: on a roll during the pandemic. Here's how to protect 328 00:15:01,920 --> 00:15:04,720 Speaker 1: your ride. Uh dude. Even though this is a ludicrous 329 00:15:04,760 --> 00:15:07,160 Speaker 1: headline that we hate seeing, this is actually a good 330 00:15:07,240 --> 00:15:10,720 Speaker 1: article over at NPR explaining that with a high demand 331 00:15:11,040 --> 00:15:13,040 Speaker 1: as well as the low supply of bikes over the 332 00:15:13,040 --> 00:15:16,280 Speaker 1: past year, there have been way more stolen bikes over 333 00:15:16,320 --> 00:15:19,200 Speaker 1: the past year, especially in urban areas where a lot 334 00:15:19,240 --> 00:15:22,240 Speaker 1: more folks have been relying on bikes for transportation. And 335 00:15:22,240 --> 00:15:24,760 Speaker 1: plus they're realizing how fun it is. Denver they saw 336 00:15:24,800 --> 00:15:28,960 Speaker 1: a increase. New York City saw a spike, and there 337 00:15:29,040 --> 00:15:31,680 Speaker 1: is a fifty four percent increase in reported bike fests 338 00:15:31,680 --> 00:15:35,880 Speaker 1: in Seattle. That is insane. That's so many stolen bikes. 339 00:15:35,920 --> 00:15:38,240 Speaker 1: It sucks. And you know they're they're likely even more 340 00:15:38,280 --> 00:15:41,040 Speaker 1: bikes being stolen than we realized, because there's a report 341 00:15:41,040 --> 00:15:44,400 Speaker 1: out by Project five twenty nine Garage that shows only 342 00:15:44,480 --> 00:15:47,120 Speaker 1: one in five stolen bikes are reported to the police, 343 00:15:47,560 --> 00:15:49,800 Speaker 1: which is crazy. And by the way, Project five nine 344 00:15:49,800 --> 00:15:51,800 Speaker 1: Garage is a site where you can register your bike. 345 00:15:52,040 --> 00:15:54,080 Speaker 1: That way, if it ever does get stolen, you can 346 00:15:54,160 --> 00:15:56,000 Speaker 1: basically put an alert out there and folks are able 347 00:15:56,000 --> 00:15:57,560 Speaker 1: to keep an eye out for It's basically like a 348 00:15:57,600 --> 00:16:00,200 Speaker 1: bike registry. Yeah. So I think, with with those stats 349 00:16:00,240 --> 00:16:03,800 Speaker 1: in mind, like people need to pay particular attention to 350 00:16:04,040 --> 00:16:06,000 Speaker 1: keeping their bikes safe. And probably a lot of the 351 00:16:06,000 --> 00:16:08,280 Speaker 1: reason that depths are up is it's due to the 352 00:16:08,320 --> 00:16:10,560 Speaker 1: fact that a lot of new folks riding these days 353 00:16:10,600 --> 00:16:13,560 Speaker 1: or maybe unaware of something like the basics of proper 354 00:16:13,600 --> 00:16:15,640 Speaker 1: bike security. They get a bike, they leave it out 355 00:16:15,680 --> 00:16:17,080 Speaker 1: in the front yard or whatever. Like I have a 356 00:16:17,120 --> 00:16:19,560 Speaker 1: friend his kid had two bike stolen during the pandemic 357 00:16:19,600 --> 00:16:21,040 Speaker 1: because he just left him in the front yard. And 358 00:16:21,080 --> 00:16:22,920 Speaker 1: of course, like a six year old, you gotta kind 359 00:16:22,920 --> 00:16:24,720 Speaker 1: of help them put their bike away. But that that's 360 00:16:24,760 --> 00:16:26,720 Speaker 1: just like, uh, not fun at all. Right, It's it's 361 00:16:26,720 --> 00:16:28,720 Speaker 1: a huge bomber to have to buy a brand new one. 362 00:16:28,840 --> 00:16:30,440 Speaker 1: But if you got a brand new bike, you need 363 00:16:30,520 --> 00:16:32,560 Speaker 1: to make sure you keep it safe. And it is 364 00:16:32,800 --> 00:16:36,560 Speaker 1: frugal not cheap to get a you lock that's gonna 365 00:16:36,800 --> 00:16:39,280 Speaker 1: that's gonna help you in that endeavor. Um, so you 366 00:16:39,320 --> 00:16:42,080 Speaker 1: obviously need a helmet to go along for just a 367 00:16:42,080 --> 00:16:44,920 Speaker 1: regular bike safety. But then yeah, a solid bike lock 368 00:16:45,080 --> 00:16:47,880 Speaker 1: makes a big difference to and in particular, Kryptonite makes 369 00:16:47,960 --> 00:16:50,080 Speaker 1: really great you locks. You get one for like thirty 370 00:16:50,080 --> 00:16:53,000 Speaker 1: bucks on Amazon. That's gonna allow you to to keep cruising, 371 00:16:53,240 --> 00:16:54,960 Speaker 1: especially as the weather gets nice. Man, Like, you don't 372 00:16:54,960 --> 00:16:58,440 Speaker 1: want your bike stolen. It's just, um, you're you're stranded somewhere. 373 00:16:58,480 --> 00:17:00,880 Speaker 1: Like it's there's so many downsides having your bike stolen. 374 00:17:01,200 --> 00:17:04,840 Speaker 1: And when uh, pretty inexpensive lock really does the trick, 375 00:17:04,960 --> 00:17:07,800 Speaker 1: like the thieves go look for the easy pickings elsewhere, 376 00:17:07,880 --> 00:17:09,560 Speaker 1: and yeah, you don't want to be the easy pickings, 377 00:17:09,640 --> 00:17:12,400 Speaker 1: so exactly, Yeah, that's the unfortunate truth is that they're 378 00:17:12,400 --> 00:17:15,240 Speaker 1: they're basically looking for the easiest bike to steal. And 379 00:17:15,280 --> 00:17:16,960 Speaker 1: so like, if somebody's out there looking to steal a bike, 380 00:17:16,960 --> 00:17:18,840 Speaker 1: I mean, they're gonna steal something, but you just want 381 00:17:18,840 --> 00:17:20,360 Speaker 1: to make sure it's not yours. And hopefully if every 382 00:17:20,400 --> 00:17:22,440 Speaker 1: I mean, if everybody has a you lock, then uh, 383 00:17:22,520 --> 00:17:24,680 Speaker 1: you know they're not gonna be able to seal any bike. Yeah, 384 00:17:24,720 --> 00:17:26,960 Speaker 1: I've got one of those crypto ntlocks you do as well. Uh, 385 00:17:27,080 --> 00:17:28,680 Speaker 1: and like you mentioned, you can get those on Amazon 386 00:17:28,760 --> 00:17:31,720 Speaker 1: for pretty cheap. And speaking of bike stuff on Amazon, dude, 387 00:17:31,880 --> 00:17:34,600 Speaker 1: our our local bike shop recently shared how a lot 388 00:17:34,600 --> 00:17:37,520 Speaker 1: of folks are bringing in their super cheap bikes that 389 00:17:37,520 --> 00:17:40,040 Speaker 1: they purchased on Amazon to get repaired or or to 390 00:17:40,040 --> 00:17:42,359 Speaker 1: get worked on. And these are bikes that look really awesome, 391 00:17:42,400 --> 00:17:45,439 Speaker 1: you know, like they look like fancy elite road bikes, 392 00:17:45,680 --> 00:17:48,320 Speaker 1: but they're just pieces of junk that are being sold 393 00:17:48,359 --> 00:17:51,879 Speaker 1: online by different resellers on Amazon. They're so cheap that 394 00:17:51,920 --> 00:17:53,600 Speaker 1: the bike shop can't even work on them or make 395 00:17:53,600 --> 00:17:56,400 Speaker 1: any adjustments to make them safer. Dude, these knockoff bikes 396 00:17:56,440 --> 00:17:59,680 Speaker 1: are just incredibly dangerous and so in an attempt to 397 00:17:59,720 --> 00:18:01,200 Speaker 1: be for well, if you're you know, buying a bike 398 00:18:01,240 --> 00:18:03,639 Speaker 1: from a seller on Amazon for like under a hundred bucks, 399 00:18:03,960 --> 00:18:07,160 Speaker 1: you're likely being cheap, and instead we would recommend for 400 00:18:07,160 --> 00:18:09,960 Speaker 1: for you to check out an online retailer like bikes 401 00:18:10,000 --> 00:18:12,399 Speaker 1: direct dot com. I've purchased a bike from them before. 402 00:18:12,760 --> 00:18:16,000 Speaker 1: I've got multiple friends who have purchased bikes from them 403 00:18:16,000 --> 00:18:19,280 Speaker 1: as well, super Solid Bikes. It's a direct from warehouse 404 00:18:19,320 --> 00:18:21,719 Speaker 1: seller of these bikes, so yeah, there's no markup, uh, 405 00:18:21,760 --> 00:18:23,840 Speaker 1: and it allows you to get some new wheels at 406 00:18:24,000 --> 00:18:27,200 Speaker 1: a very affordable price. It just reminds me of when 407 00:18:27,240 --> 00:18:29,000 Speaker 1: I bought a scooter back in the day, Matt and 408 00:18:29,000 --> 00:18:30,640 Speaker 1: it was it was great. I had so much fun 409 00:18:30,680 --> 00:18:33,440 Speaker 1: scootering around the city like a little moped, like a 410 00:18:33,440 --> 00:18:36,560 Speaker 1: little mopied. But they're like a razor scooter. Right, Yeah, 411 00:18:37,640 --> 00:18:39,680 Speaker 1: there's Joe again on his razor, just commusing around the 412 00:18:39,720 --> 00:18:41,920 Speaker 1: city like he looks he looks so happy, like a 413 00:18:41,960 --> 00:18:45,400 Speaker 1: twelve year old. No, it was so fun, man. But 414 00:18:45,400 --> 00:18:47,000 Speaker 1: but I had a lot of friends who were like 415 00:18:47,080 --> 00:18:49,880 Speaker 1: wanted to get into that too. And you get some 416 00:18:50,320 --> 00:18:54,480 Speaker 1: really inexpensive Chinese scooters, like three scooters from China, and 417 00:18:54,520 --> 00:18:56,960 Speaker 1: they just didn't last long at all, um, and they 418 00:18:57,080 --> 00:18:59,639 Speaker 1: were impossible to repair. A lot of the repair shops 419 00:18:59,640 --> 00:19:01,760 Speaker 1: in town, just like would not work on them because 420 00:19:02,000 --> 00:19:04,960 Speaker 1: they were so messed up, similar to these cheap bikes. 421 00:19:04,960 --> 00:19:06,920 Speaker 1: So it's one of those things where you get what 422 00:19:06,960 --> 00:19:10,040 Speaker 1: you pay for, and and it is worth paying for 423 00:19:10,119 --> 00:19:11,959 Speaker 1: the thing that was going to the last as opposed 424 00:19:12,000 --> 00:19:14,399 Speaker 1: to the thing that's gonna crash and burn within a 425 00:19:14,400 --> 00:19:16,920 Speaker 1: few months of purchase. Um. But let's talk about it 426 00:19:17,280 --> 00:19:19,639 Speaker 1: more inferior mode of transportation for a second. Let's talk 427 00:19:19,640 --> 00:19:24,239 Speaker 1: about Razor scooters. Those are also inferior. But but cars too. 428 00:19:24,400 --> 00:19:27,560 Speaker 1: We you know, we we have cars, but we like 429 00:19:27,600 --> 00:19:30,720 Speaker 1: bikes better. But I saw this interesting thing this week, 430 00:19:30,760 --> 00:19:33,159 Speaker 1: Matt that did you know that the paint color that 431 00:19:33,240 --> 00:19:36,760 Speaker 1: you choose affects your car's resale value? I believe it 432 00:19:36,800 --> 00:19:38,760 Speaker 1: in a big way. Makes sense, yeah, but I didn't 433 00:19:38,760 --> 00:19:40,240 Speaker 1: realize that it was it was such a big deal. 434 00:19:40,680 --> 00:19:42,480 Speaker 1: I mean, I figured that, like hot paint cars might 435 00:19:42,480 --> 00:19:44,520 Speaker 1: not be worth as much because there's like more of 436 00:19:44,560 --> 00:19:46,959 Speaker 1: a limited pool of buyers on that right, But I 437 00:19:47,000 --> 00:19:49,239 Speaker 1: didn't realize that there was as much disparity in the 438 00:19:49,240 --> 00:19:51,840 Speaker 1: resale price of a car based on its color. And 439 00:19:51,840 --> 00:19:54,720 Speaker 1: this was like an ic car study. We we still 440 00:19:54,720 --> 00:19:56,920 Speaker 1: suggest getting a car with a paint color that makes 441 00:19:56,920 --> 00:19:58,960 Speaker 1: you happy, and then hanging onto that car as long 442 00:19:59,000 --> 00:20:01,879 Speaker 1: as possible. The longer that you own a car, the 443 00:20:01,960 --> 00:20:04,680 Speaker 1: less those price discrepancies are actually gonna cost you. Because 444 00:20:04,680 --> 00:20:06,959 Speaker 1: if you're selling a twelve year old car, it doesn't 445 00:20:07,080 --> 00:20:10,119 Speaker 1: really matter what color it is, like the price discrepancy 446 00:20:10,359 --> 00:20:12,920 Speaker 1: is is minor, whereas if you're selling a one, two 447 00:20:13,000 --> 00:20:14,760 Speaker 1: or three year old car, the color of the paint 448 00:20:14,840 --> 00:20:16,560 Speaker 1: is going to make a bigger difference in how much 449 00:20:16,560 --> 00:20:18,440 Speaker 1: you can get for it. And if you really care 450 00:20:18,720 --> 00:20:21,320 Speaker 1: about losing the least amount of money because you chose 451 00:20:21,359 --> 00:20:23,680 Speaker 1: the wrong color, then just stick with the basics. It 452 00:20:23,720 --> 00:20:26,800 Speaker 1: seems like those do the best, blue, gray, black, Those 453 00:20:26,840 --> 00:20:28,959 Speaker 1: are the colors that seems to be uh, the sweets 454 00:20:28,960 --> 00:20:30,960 Speaker 1: about for a whole lot of people. So you're gonna 455 00:20:31,000 --> 00:20:32,600 Speaker 1: you're gonna do okay if you go in that direction. 456 00:20:32,720 --> 00:20:34,920 Speaker 1: And of course you're rock and blue. I'm rock and gray. 457 00:20:35,080 --> 00:20:38,800 Speaker 1: So we followed the advice there, Uh dude, okay, So 458 00:20:38,800 --> 00:20:41,720 Speaker 1: we tease to market bubbles. Let's talk about investing for 459 00:20:41,760 --> 00:20:44,119 Speaker 1: a second. There's been a lot of talk about the 460 00:20:44,119 --> 00:20:46,960 Speaker 1: stock market being in a bubble, but instead of a bubble, 461 00:20:47,160 --> 00:20:48,960 Speaker 1: we we feel it might be better to think about 462 00:20:48,960 --> 00:20:53,359 Speaker 1: what's happening right now more as a market rotation, you know, 463 00:20:53,440 --> 00:20:55,479 Speaker 1: not that we won't see, you know, a meaningful correction 464 00:20:55,520 --> 00:20:57,960 Speaker 1: in stock prices overall in the coming months, like we 465 00:20:57,960 --> 00:21:00,800 Speaker 1: we definitely could. But also is not that we're predicting 466 00:21:00,800 --> 00:21:02,680 Speaker 1: that either, because we may not. I thought that was 467 00:21:02,720 --> 00:21:05,719 Speaker 1: gonna be your hot take. No, it could go either way. 468 00:21:05,840 --> 00:21:07,600 Speaker 1: But instead of you know, seeing all the different headlines 469 00:21:07,600 --> 00:21:09,359 Speaker 1: out there about the stock market being in a bubble, 470 00:21:09,720 --> 00:21:11,800 Speaker 1: you know, like we prefer to view the stock market 471 00:21:11,840 --> 00:21:14,679 Speaker 1: as a cyclical creature. Uh. Some of the stocks that 472 00:21:14,760 --> 00:21:17,200 Speaker 1: shot up in a major way over the past year 473 00:21:17,200 --> 00:21:19,919 Speaker 1: because of their ability to to spring into action, uh, 474 00:21:19,960 --> 00:21:22,959 Speaker 1: you know and profit and adapt while other companies were 475 00:21:23,119 --> 00:21:26,280 Speaker 1: shut down, like that was rewarded. Now as many of 476 00:21:26,280 --> 00:21:29,560 Speaker 1: those businesses begin to reopen, some of the more traditional businesses, 477 00:21:29,800 --> 00:21:32,240 Speaker 1: like we're you know, we're beginning to see investors shift 478 00:21:32,280 --> 00:21:34,680 Speaker 1: where it is that they invest their funds. It makes 479 00:21:34,720 --> 00:21:36,840 Speaker 1: total sense. And so instead of seeing this as like 480 00:21:37,119 --> 00:21:39,960 Speaker 1: everything's gonna come crashing down, which I don't know, I'm 481 00:21:39,960 --> 00:21:41,760 Speaker 1: not predicting the future. Maybe it will, maybe it won't, 482 00:21:42,119 --> 00:21:45,239 Speaker 1: instead see this as sort of a rotation of you know, 483 00:21:45,400 --> 00:21:48,160 Speaker 1: the different stocks in the different industries that are currently 484 00:21:48,200 --> 00:21:50,240 Speaker 1: in favor. I feel like we've already been seeing bubble 485 00:21:50,280 --> 00:21:53,199 Speaker 1: headlines for years now, like people predicting the top in 486 00:21:55,400 --> 00:21:58,240 Speaker 1: and the longer you have that view, the less likely 487 00:21:58,280 --> 00:22:01,640 Speaker 1: you are to be a regular investor just plotting along 488 00:22:01,680 --> 00:22:04,160 Speaker 1: putting money in. And so yeah, I think those market 489 00:22:04,200 --> 00:22:06,800 Speaker 1: pubble headlines to people a disservice, and I agree, I 490 00:22:06,800 --> 00:22:09,760 Speaker 1: think market rotation is just a better way to think 491 00:22:09,760 --> 00:22:13,440 Speaker 1: about what's happening. Investors taking their dollars out of some places, 492 00:22:13,480 --> 00:22:16,280 Speaker 1: some particular companies, and putting them in other companies that 493 00:22:16,320 --> 00:22:18,600 Speaker 1: they think are going to thrive in the coming months 494 00:22:18,640 --> 00:22:21,280 Speaker 1: and years. And I think we're seeing that even on 495 00:22:21,280 --> 00:22:23,760 Speaker 1: a micro view. Over just the past few months, there's 496 00:22:23,760 --> 00:22:26,080 Speaker 1: been an n f T crash, right like we were 497 00:22:26,080 --> 00:22:27,919 Speaker 1: talking about how hot they were, and even just in 498 00:22:27,920 --> 00:22:30,000 Speaker 1: the past, like couple of weeks, n f T s 499 00:22:30,200 --> 00:22:33,720 Speaker 1: not so hot these days. And Meme stocks are tumbling 500 00:22:33,800 --> 00:22:36,320 Speaker 1: right now, like meme stocks are not all the rage either, 501 00:22:36,880 --> 00:22:40,560 Speaker 1: so like they're getting a little less Mimi, Yeah, they're 502 00:22:40,600 --> 00:22:43,760 Speaker 1: they're a little less popular, which they honestly probably a 503 00:22:43,760 --> 00:22:45,680 Speaker 1: good thing for all of us. Right. But while both 504 00:22:45,720 --> 00:22:48,880 Speaker 1: of those sectors have had bubble like behavior with sky 505 00:22:48,960 --> 00:22:51,960 Speaker 1: high prices, it's part of a healthy market really to 506 00:22:51,960 --> 00:22:55,360 Speaker 1: see pullbacks in different areas that get overheated with too 507 00:22:55,400 --> 00:22:58,920 Speaker 1: much optimism. That's why we went in depth this past Wednesday. 508 00:22:58,920 --> 00:23:02,000 Speaker 1: We explained exactly how it is that we invest our money. 509 00:23:02,359 --> 00:23:05,440 Speaker 1: There's a whole lot of noise in the investing space, 510 00:23:05,640 --> 00:23:07,560 Speaker 1: and if you pay attention to all the noise, you're 511 00:23:07,560 --> 00:23:09,760 Speaker 1: likely to get led astray. You're likely to start thinking 512 00:23:09,800 --> 00:23:11,400 Speaker 1: that the markets in the bubble. I guess I should 513 00:23:11,400 --> 00:23:13,600 Speaker 1: stop investing for the time being. But if you are 514 00:23:13,600 --> 00:23:15,840 Speaker 1: a buy and hole long term investor, which is what 515 00:23:15,920 --> 00:23:18,919 Speaker 1: we suggest you be, it doesn't matter what's happening. The 516 00:23:18,960 --> 00:23:22,199 Speaker 1: noise is happening right now, because you are investing for 517 00:23:22,440 --> 00:23:25,560 Speaker 1: decades down the road, and all the crazy bells and 518 00:23:25,560 --> 00:23:27,920 Speaker 1: whistles and stuff that's happening in the here and now 519 00:23:28,480 --> 00:23:30,920 Speaker 1: just has little to no bearing on the wealth that 520 00:23:31,000 --> 00:23:32,840 Speaker 1: you're going to be able to create by sticking to 521 00:23:33,080 --> 00:23:35,480 Speaker 1: the plan that you have. That's right, dude. All right, 522 00:23:35,600 --> 00:23:37,359 Speaker 1: for our last story here, we've got some travel news 523 00:23:37,400 --> 00:23:39,240 Speaker 1: to get to uh as more folks out there are 524 00:23:39,280 --> 00:23:42,840 Speaker 1: feeling a little more comfortable. Specifically while flying U Deltza 525 00:23:42,960 --> 00:23:45,359 Speaker 1: was the airline that seemed to be taking the most 526 00:23:45,440 --> 00:23:47,960 Speaker 1: COVID precautions. Uh, and they are. Actually it seems like 527 00:23:47,960 --> 00:23:50,480 Speaker 1: that they're gonna be the last airline to start booking 528 00:23:50,760 --> 00:23:54,040 Speaker 1: their middle seat, which they'll begin doing May one, and 529 00:23:54,040 --> 00:23:57,359 Speaker 1: the Losses start serving drinks and snacks again starting next week. 530 00:23:57,600 --> 00:23:59,240 Speaker 1: But we wanted folks to know that there will no 531 00:23:59,280 --> 00:24:01,520 Speaker 1: longer be a buff of an empty seat between you 532 00:24:01,600 --> 00:24:03,399 Speaker 1: and someone else. We're kind of getting back to the 533 00:24:03,520 --> 00:24:05,760 Speaker 1: days of you know, flying with with no elbow room, 534 00:24:06,040 --> 00:24:08,199 Speaker 1: which Joey actually makes me think. If you're sitting in 535 00:24:08,200 --> 00:24:11,440 Speaker 1: the middle seat, in your opinion, what arm rests are 536 00:24:11,440 --> 00:24:16,159 Speaker 1: you entitled to? Thank you. If there's anybody out there 537 00:24:16,160 --> 00:24:19,640 Speaker 1: who doesn't think that the middle seat should have both armrests, 538 00:24:19,960 --> 00:24:22,080 Speaker 1: you are wrong, yes, because if you're if you got 539 00:24:22,080 --> 00:24:23,840 Speaker 1: the window seat, you've got the view, you can lean 540 00:24:23,880 --> 00:24:26,159 Speaker 1: on the wall. If you've got the aisle seat, you 541 00:24:26,240 --> 00:24:28,800 Speaker 1: got you've got tons of additional space where you can 542 00:24:28,880 --> 00:24:31,280 Speaker 1: kind of sprawl a little bit. But nobody likes being 543 00:24:31,280 --> 00:24:33,080 Speaker 1: stuck in the middle. So if you're stuck in the middle, 544 00:24:33,160 --> 00:24:35,879 Speaker 1: you get both armies. Abody knows that completely agree, but 545 00:24:35,920 --> 00:24:37,680 Speaker 1: I still prefer not to be stuck in the middle. 546 00:24:37,720 --> 00:24:40,040 Speaker 1: It's the worst. I mean, I'm six six, so I 547 00:24:40,440 --> 00:24:43,320 Speaker 1: basically beg for an aisle seat every time. I will 548 00:24:43,359 --> 00:24:45,400 Speaker 1: never pay more for it, but I will always beg 549 00:24:45,440 --> 00:24:48,240 Speaker 1: for it, and I'm not above begging. Um. But then sometimes, 550 00:24:48,240 --> 00:24:50,479 Speaker 1: even when I'm on the aisle, you know, my knees 551 00:24:50,600 --> 00:24:52,240 Speaker 1: are kind of hanging out there, and every once in 552 00:24:52,280 --> 00:24:54,400 Speaker 1: a while they'll get crushed by a cart, which is yeah, 553 00:24:54,680 --> 00:24:57,280 Speaker 1: sometimes they let you know, just by ramming the snack 554 00:24:57,320 --> 00:25:00,160 Speaker 1: card into your legs. I'm doing my best over here, 555 00:25:00,520 --> 00:25:04,240 Speaker 1: you know. But yeah, my knees get brused sometimes on flights. Um, 556 00:25:04,240 --> 00:25:06,520 Speaker 1: although it's been a minute since I've had that feeling, 557 00:25:06,600 --> 00:25:08,320 Speaker 1: I know, I'm being on a flight, ready to get 558 00:25:08,320 --> 00:25:11,080 Speaker 1: back on a plane hopefully in the near future, once 559 00:25:11,080 --> 00:25:14,480 Speaker 1: we're bellye vaccinated. Absolutely. On on the travel front, Matt, 560 00:25:14,520 --> 00:25:17,520 Speaker 1: let's talk about cruises. The CDC issued new guidance for 561 00:25:17,560 --> 00:25:20,160 Speaker 1: cruise lines that have been docked for over a year now. 562 00:25:20,320 --> 00:25:22,439 Speaker 1: Can you imagine how difficult it's been to be in 563 00:25:22,440 --> 00:25:24,640 Speaker 1: that industry over the past year. A lot of financial 564 00:25:24,680 --> 00:25:27,120 Speaker 1: laws for sure. For sure. And while the CDC says 565 00:25:27,160 --> 00:25:30,600 Speaker 1: that cruise lines won't have to mandate vaccinations for passengers, 566 00:25:30,800 --> 00:25:34,480 Speaker 1: Norwegian Cruise Lines is planning to require that all crew 567 00:25:34,560 --> 00:25:38,000 Speaker 1: and passengers be vaccinated before they can board the ship, 568 00:25:38,320 --> 00:25:40,600 Speaker 1: and they hope to resume operations out of Florida ports 569 00:25:40,640 --> 00:25:43,679 Speaker 1: starting on independent stage July four, So we will we'll 570 00:25:43,720 --> 00:25:45,679 Speaker 1: see what happens there. Yeah, dude, I think you only 571 00:25:45,680 --> 00:25:47,600 Speaker 1: want to talk about the story because it was Norwegian 572 00:25:47,640 --> 00:25:50,560 Speaker 1: Cruise Lines. It's my people right there. Anything that's like, 573 00:25:50,560 --> 00:25:52,639 Speaker 1: anytime you see Norwegian, you're like, huh, how can we 574 00:25:52,680 --> 00:25:55,080 Speaker 1: work the end of the show, Matt Uh. Yeah, nothing 575 00:25:55,119 --> 00:26:00,760 Speaker 1: says America like Norwegian Cruises. Speaking of Norway July four, member, Uh, 576 00:26:00,840 --> 00:26:02,080 Speaker 1: did you watch the Super Bowl? Did you see the 577 00:26:02,119 --> 00:26:05,640 Speaker 1: Will Ferrell Norway g M? That was electric cars? I'm 578 00:26:05,640 --> 00:26:09,479 Speaker 1: sure you were like, yeah, electric cars. But you know, 579 00:26:10,000 --> 00:26:13,800 Speaker 1: as more countries are reopening hotels, cruises, other destinations, they're 580 00:26:13,800 --> 00:26:17,280 Speaker 1: all looking to entice folks with huge sales. It's hard 581 00:26:17,320 --> 00:26:19,119 Speaker 1: to imagine anywhere that you might want to travel that 582 00:26:19,119 --> 00:26:20,800 Speaker 1: anywhere that you might want to go this summer where 583 00:26:20,840 --> 00:26:23,040 Speaker 1: you couldn't get a great deal. So don't book any 584 00:26:23,080 --> 00:26:27,040 Speaker 1: travel without specifically searching online or asking you know, whoever 585 00:26:27,080 --> 00:26:29,680 Speaker 1: you're looking to spend money with directly, whether it's a 586 00:26:29,720 --> 00:26:32,600 Speaker 1: steep discount or like with hotels, there's other perks that 587 00:26:32,600 --> 00:26:35,320 Speaker 1: they're offering as well, like really early checkens and and 588 00:26:35,560 --> 00:26:38,760 Speaker 1: really late checkouts. Either way, your travel money is going 589 00:26:38,760 --> 00:26:41,520 Speaker 1: to get you a lot further if you're comfortable traveling 590 00:26:41,520 --> 00:26:43,320 Speaker 1: this summer, But just make sure that you're asking and 591 00:26:43,320 --> 00:26:45,439 Speaker 1: looking around for those deals. Yeah, I'm sure a lot 592 00:26:45,480 --> 00:26:47,720 Speaker 1: of our our listeners who have had at least one shot, 593 00:26:47,760 --> 00:26:50,119 Speaker 1: they're like, they're starting to get ansty about booking, booking 594 00:26:50,119 --> 00:26:52,639 Speaker 1: that next trip. It's been it's been too long, and 595 00:26:52,680 --> 00:26:55,240 Speaker 1: hopefully some of those incentives really get the travel economy 596 00:26:55,240 --> 00:26:59,159 Speaker 1: warring again and get people back visiting cool places. And 597 00:26:59,160 --> 00:27:00,919 Speaker 1: when we book our for trip, we'll share it. We'll 598 00:27:01,000 --> 00:27:02,520 Speaker 1: let you know where we're going, although I don't know 599 00:27:02,520 --> 00:27:04,680 Speaker 1: where that's going to be yet. Yeah, well we will see. 600 00:27:05,119 --> 00:27:06,800 Speaker 1: All right, that's gonna be it for this episode. Listeners 601 00:27:06,840 --> 00:27:08,479 Speaker 1: can find our show notes up on our website at 602 00:27:08,480 --> 00:27:09,920 Speaker 1: how to money dot com, and we'll make sure to 603 00:27:09,960 --> 00:27:12,600 Speaker 1: link to these stories as well as any other resources 604 00:27:12,640 --> 00:27:15,280 Speaker 1: that we may have mentioned during this episode. Yeah, and 605 00:27:15,320 --> 00:27:17,399 Speaker 1: we hope to see back here on Monday. We have 606 00:27:17,440 --> 00:27:21,639 Speaker 1: a fascinating conversation with Jennifer Barrett, who is the chief 607 00:27:21,760 --> 00:27:24,320 Speaker 1: education officer over at Acorns, and she wrote this great 608 00:27:24,320 --> 00:27:26,680 Speaker 1: book called Think Like a Breadwinner, and women in the 609 00:27:26,680 --> 00:27:30,040 Speaker 1: workforce have had a particularly difficult time because of COVID. 610 00:27:30,119 --> 00:27:32,240 Speaker 1: We talked to her about that and more, and she 611 00:27:32,359 --> 00:27:34,040 Speaker 1: had a lot of great insight that I think is 612 00:27:34,080 --> 00:27:37,040 Speaker 1: valuable for all of our listeners. Alright, but that's gonna 613 00:27:37,040 --> 00:27:39,520 Speaker 1: do it for this episode, Matt. Until next time, Best 614 00:27:39,520 --> 00:27:41,160 Speaker 1: Friends Out, Best Friends Out.