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Speaker 1: Welcome to Had of Money. I'm Joel, I'm Matt, and.

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Speaker 2: Today we're talking tariff tantrums, Southwest succumbs, and the greatest grocers.

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Speaker 1: Let's go, man, it's our Friday flight. This is our

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Speaker 1: weekly roundup of the headlines of the news stories this

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Speaker 1: week and the headlines that pertained the most to your

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Speaker 1: personal finances. It's not boring right now, man, I'll tell

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Speaker 1: you that. There's plenty going on. But first, Hey, yeah,

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Speaker 1: you and Emily had a good time in Austin last week. Raighty.

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Speaker 2: What's not to love about Austin, Texas. It's a great town.

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Speaker 2: Did you My taco and brisket consumption went through the

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Speaker 2: roof so.

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Speaker 1: Last time you and I were there, literally all we

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Speaker 1: did was the barbecue, specifically bris gae.

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Speaker 2: We went to all the different barbecue places. Yes, and

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Speaker 2: I finally got an franklinsant.

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Speaker 1: Did you really? Yeah? Well we have to be like

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Speaker 1: no wine. It was crazy, really, yeah, they've lost their edge.

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Speaker 2: The It was like a twenty minute line, which is nothing.

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Speaker 2: So we've had it before, but we just.

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Speaker 1: Didn't have it in the actual Remember, our buddy Carl

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Speaker 1: got us some.

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Speaker 2: The brisket literally melts in your mouth so get yeah,

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Speaker 2: uh okay, but when I was there was so we

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Speaker 2: were there for the iHeart Podcast Awards. How the Money

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Speaker 2: did not win sadly Best Business Podcast, any Hardware Home.

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Speaker 2: To be honest, I wasn't expecting that we would. They

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Speaker 2: were better podcasts nominated than ours. But Planet Money the

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Speaker 2: good folks over there at NPR one this year. Congrats

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Speaker 2: to them, and it was just fun. We really enjoyed ourselves.

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Speaker 2: One money tip that I can bring back though from

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Speaker 2: that trip. Matt Is and I flew southwest. We'll talk

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Speaker 2: about southwest and in a second. But the money tip

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Speaker 2: I can recommend is when you're using ride share, check

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Speaker 2: both Uber and Lyft before you book.

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Speaker 1: Yeah.

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Speaker 2: I just didn't realize how large of a disparity there

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Speaker 2: can be between the two.

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Speaker 1: I know there.

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Speaker 2: I was like, it'll be a few bucks difference, and

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Speaker 2: I'll book the cheaper one, of course, but I mean,

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Speaker 2: how how off can it be? Well it can be

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Speaker 2: off significantly, I found, So what was the was the

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Speaker 2: diff I know, I'm sure you checked. So one ride

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Speaker 2: on our way to the award show, I was like

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Speaker 2: playing on walk in and I was like, can we

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Speaker 2: can we ride? Just because I'm like looking all beautiful

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Speaker 2: in this dress and it's like, yeah, you are all right,

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Speaker 2: we can ride, and then looked it up on ubern

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Speaker 2: it was twenty seven dollars to go half a mile.

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Speaker 1: I was like, that's crazy town.

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Speaker 2: And she was like, oh, it's okay, we can walk.

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Speaker 2: And I was like, you're like, a hold on, let

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Speaker 2: me check Lyft.

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Speaker 1: Let me check, and you're going soft Emily, come on,

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Speaker 1: five dollars on Lyft. That's that's insane, insane, Okay. So honestly,

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Speaker 1: it's just amazing that we live in such that we

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Speaker 1: live in a world where just the swipe of your

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Speaker 1: thumb you can do that, and the fact that you

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Speaker 1: can save that much money isn't that crazy? Like that's

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Speaker 1: the beautiful world that we live in. The what's crazy.

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Speaker 1: What's even crazier, though, is the fact that there are

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Speaker 1: going to be people out there who don't take the

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Speaker 1: ten seconds to hop over to a different app because

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Speaker 1: so many things in our lives have gotten so lubricated,

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Speaker 1: the gears have been greased, right, Like, if there is

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Speaker 1: any friction whatsoever, folks just don't do it, which is

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Speaker 1: kind of sad, like that's I don't know, I see

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Speaker 1: that as it's a very simple thing to do. Yes,

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Speaker 1: it's so simple. But if you are so used to

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Speaker 1: things being just handed to you and things being so easy,

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Speaker 1: that yeah, that's that's sort of I guess the sad

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Speaker 1: part of that the fact that.

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Speaker 2: Somebody to open the uber app I haven't even signed up.

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Speaker 1: For the other one, that there is going to be

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Speaker 1: somebody out there who's going to pay five times more

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Speaker 1: in order to get the ride the way that they're

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Speaker 1: used to doing it. So that's the bad news or

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Speaker 1: the bad slash sad news. But hopping back over to

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Speaker 1: the good news, it just means that there's the comparative advantage,

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Speaker 1: like that it does not take much in order to

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Speaker 1: save more, and if you're willing to jump through the hoops,

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Speaker 1: do something that's a little bit weird, perhaps shop and

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Speaker 1: it's not even weird, it's so sall. You just comparison

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Speaker 1: shopping on via the different apps way easier than like

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Speaker 1: googling for coupon codes, right, which could lead you down

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Speaker 1: some rabbit holes to some weird websites.

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Speaker 2: So yeah, I just want to mention that to people,

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Speaker 2: double check before you book with a ride share. I

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Speaker 2: don't use ridehare very much in my everyday life, so

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Speaker 2: I know you do a little bit more than I do,

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Speaker 2: and I guess I just like forgotten how always check

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Speaker 2: man how expensive it can be, especially and it's not

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Speaker 2: that Uber always costs more than Lyft. I think that

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Speaker 2: that's that's not The takeaway.

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Speaker 1: Varies on the time of day exactly, the different with

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Speaker 1: the different markets. I've also found so at times certain

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Speaker 1: and I don't even know which app, but you'll get

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Speaker 1: like a really lowball price for a ride, but then

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Speaker 1: they have to find a driver that's willing to commit

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Speaker 1: to that. So I'm not exactly sure how it works.

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Speaker 1: But sometimes when I've done that too, the wait and save, yeah,

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Speaker 1: well it's not just the wait and save, but it's

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Speaker 1: like somebody will accept it, but then they'll bail on you.

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Speaker 1: And I don't know how it works from a driver's standpoint,

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Speaker 1: but if they're like, oh my gosh, this is one

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Speaker 1: of those crazy low low rates. I have found that

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Speaker 1: there have been instances where I've claimed the oh okay,

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Speaker 1: it's I'm saving a lot of money over here, and

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Speaker 1: then I end up having multiple drivers drop the ride.

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Speaker 1: And it's not because I don't tip, like I've got

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Speaker 1: an excellent write reviews on my profile. But I think

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Speaker 1: it's oftentimes themselves hopping over to a different app, yeah,

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Speaker 1: and trying to make a little bit more because they're like, Okay,

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Speaker 1: I could take that trip and take that ride, take

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Speaker 1: that person, or maybe I'll make fifteen twenty twenty five

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Speaker 1: dollars more by dropping and hopping over to the different app.

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Speaker 2: One of the toughest parts about rideshairs like are they

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Speaker 2: actually going to show up and take.

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Speaker 1: You where you want to get? Yeah?

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Speaker 2: Yeah, especially if you do the wait and save thing,

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Speaker 2: which I did and it worked out fine for me,

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Speaker 2: and it does save you a couple extra bucks if

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Speaker 2: you're you know, booking that ride a.

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Speaker 1: Little bit ahead of time. But the unintentional wait and

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Speaker 1: save sometimes right back to bite you if you're in

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Speaker 1: a hurry. Oh, let's talk tariff's match, we talked terror,

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Speaker 1: let's do it. I'm not sure if you've noticed you

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Speaker 1: all the stock market it has not been doing all

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Speaker 1: that well, and it could be that I did notice. Well, yeah,

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Speaker 1: who hasn't noticed? I don't know. Hopefully folks aren't looking

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Speaker 1: at their four one ks all that much today. Some

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Speaker 1: folks say that there is a correction, an impending correction,

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Speaker 1: right like the fact that there was one that was

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Speaker 1: inevitable as values were already sky high. But three of terrorists,

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Speaker 1: the reality, the uncertainty that they create four businesses, plus

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Speaker 1: the higher prices for consumers are clearly playing a role.

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Speaker 1: Those higher prices could be felt as early as this week.

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Speaker 1: On produce from Mexico.

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Speaker 2: It's all important avocados mat Indeed, they're not going to

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Speaker 2: be as cheap as they have been.

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Speaker 1: Forty percent of our imports come from tariff targeted countries.

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Speaker 1: There are even tariff threats now on champagne. Luckily we

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Speaker 1: are a craft beer podcast here, Joel. That's what we enjoy.

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Speaker 1: That's because Europe.

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Speaker 2: I think when after all American goods like Bourbon and

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Speaker 2: Harley Davidson and our president was like, oh, We're going

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Speaker 2: after your champagne, then it's like it's getting personally.

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Speaker 1: But once people start seeing these price likes, I'm curious

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Speaker 1: if the political tides will actually turn because the Trump

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Speaker 1: campaign promises of an economic boom like that is at

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Speaker 1: odds with the current policy priorities of levying these terriffs

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Speaker 1: as widely as humanly possible. We've said it before, we'll

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Speaker 1: say it again. Terriffs they you know, they can be

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Speaker 1: a geopolitical tool if they're used sparingly, if they're used

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Speaker 1: like a scalpel, But implementing these widespread tariffs is just

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Speaker 1: play all bad economic policy, and unsurprisingly, we are seeing

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Speaker 1: the ripple effects of that bad policy shake out in

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Speaker 1: some pretty substantial ways. The Nasdaq is in correction territory,

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Speaker 1: the S and P is basically in correction territory as well.

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Speaker 1: We're also already seeing downward revisions in stock market return

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Speaker 1: predictions for this year as to what folks expect the

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Speaker 1: market to end.

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Speaker 2: Those are all mostly bogus, see anyway, that is true,

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Speaker 2: and last year they were resing them up, and this

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Speaker 2: year they're all rising them.

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Speaker 1: Down with but even still, it's it's indicative of how

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Speaker 1: folks are feeling about the stock market in general.

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Speaker 2: Yeah, and I don't know, I'm sure we're gonna be

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Speaker 2: talking about tariffs a lot on this podcast is on

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Speaker 2: the Friday Flights for for many months to come, and

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Speaker 2: hopefully part of our discussion will involve tariff pullbacks.

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Speaker 1: We'll see.

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Speaker 2: And Trump V one, it was kind of more tariff

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Speaker 2: talk and now we're experiencing widespread tear of action, and

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Speaker 2: you know, President Trump, he's basically said, hey, we're trading

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Speaker 2: short term pain for long term gain. The Treasury Secretary

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Speaker 2: has said the same thing. Speaker of the House Mike

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Speaker 2: Johnson has used the analogy of billiards. He says, oh,

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Speaker 2: you know that initial break. It's tumultuous, you send the

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Speaker 2: ball scattering everywhere, but it's a needed shakeup, right, And

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Speaker 2: I get I don't know. I guess I have a

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Speaker 2: hard time envisioning the long game rosy outcomes if these

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Speaker 2: policy priorities remain, if we kind of keep going down

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Speaker 2: the path towards tariffs are the best word in the

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Speaker 2: English language. And then, when asked this weekend about the

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Speaker 2: potential for a recession coming about, the President didn't rule

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Speaker 2: it out, he did make it sound like it was

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Speaker 2: off the table. I think that was a wake up

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Speaker 2: call for a lot of folks, right, like, what, Yeah?

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Speaker 2: And one economist called it the first recession that is

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Speaker 2: totally unnecessary and could be stopped at any point. And

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Speaker 2: it's not that a recession is inevitable, but our leaders

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Speaker 2: seemed to be steering us that way. And I guess

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Speaker 2: Our advice to you is it's just it's wise to

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Speaker 2: be prepared. As always, it's good to have your personal

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Speaker 2: financial ducks in a row. Americans care deeply about the

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Speaker 2: economy and their ability to grow wealth, and that's still

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Speaker 2: possible for how to money listeners in this environment, including

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Speaker 2: for some buying stocks on sale. But you got to

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Speaker 2: be prepared right with liquid reserves and with resilience during

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Speaker 2: the turmoil. I just want to say too, it's not

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Speaker 2: all about avoiding recession. Are we going to get into

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Speaker 2: a recession?

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Speaker 1: Are we not?

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Speaker 2: Just predictions of And the Tax Foundation had a good

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Speaker 2: ride up on this that of a general economic slowdown,

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Speaker 2: of a reduction in GDP that means we'll see job loss,

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Speaker 2: that means we might see smaller raises for people. We're

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Speaker 2: just going to see businesses I think pinching pennies a

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Speaker 2: little bit more with all of this, like incoming impending

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Speaker 2: tariff action looming, and that's that's just not good for businesses,

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Speaker 2: and then it's not good for workers.

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Speaker 1: I think the big question is whether or not these

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Speaker 1: are negotiation tactics or does he truly believe that terrorists

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Speaker 1: are are the solution? Is it a gambit or not liked.

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Speaker 1: In my mind, like that as one hundred percent the

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Speaker 1: biggest question, and I we'll see soon enough.

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Speaker 2: I hate it for you your champagne parties, matthe it's

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Speaker 2: not gonna be nearly as fun. Soon you're gonna have

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Speaker 2: to switch to the champagne beers. I guess let's talk

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Speaker 2: about taking our next vacation, Joel. It's the end of

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Speaker 2: an era. Southwest is now going to start charging for

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Speaker 2: check bags. This is something we figured was coming. The

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Speaker 2: Southwest way of doing things is being upended in an

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Speaker 2: effort to make the airline more competitive. There are still

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Speaker 2: ways for them to set themselves apart, but they were

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Speaker 2: known for the free check bags. While they marketed it everywhere,

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Speaker 2: they plastered it on TV ads, on billboards.

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Speaker 1: What set them apart? It's almost as if Trump like

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Speaker 1: hadn't about face about tariffs or something like this. But no, no, no,

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Speaker 1: You've always said that they're the most like you said, yeah,

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Speaker 1: the most beautiful word. I hate them, and you're like,

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Speaker 1: what change? So this new policy for Southwest is going

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Speaker 1: to start for bookings made after May twenty eighth. They

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Speaker 1: haven't made it clear as to how much they're going

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Speaker 1: to charge per check bag yet, but it does seem

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Speaker 1: like thirty five dollars is likely going to be the

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Speaker 1: going market rate based on what other airlines are charging.

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Speaker 2: Matt, I'm not a big fan of checking bags. You're

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Speaker 2: not either, although I have, and actually I did. I

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Speaker 2: checked a bag on this last trip that I made

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Speaker 2: to Austin, largely because I wanted to bring back beer

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Speaker 2: and I went to the local package Texas Beer brought

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Speaker 2: back some good Texas beer and it's so beautiful because

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Speaker 2: I was able to bring it home for free. But

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Speaker 2: in a couple of months, I won't be able to

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Speaker 2: do that anymore on Southwest, which is a bummer. And

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Speaker 2: I do think that's going to impact kind of the loyalty.

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Speaker 2: Right There have been these like articles written in Wall

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Speaker 2: Street Journal, the Dallas Morning News, I think is what

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Speaker 2: it's called. And man, people who love Southwest are just

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Speaker 2: torn to pieces over this, and I think it's going

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Speaker 2: to impact loyalty and it you know, while it seems

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Speaker 2: like a smart thing, Oh, let's get some money from

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Speaker 2: check bags like everyone else is doing, this could impact

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Speaker 2: their bottom line negatively if fewer people remain loyal to

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Speaker 2: the airline because their consumer friendly policies are going away.

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Speaker 2: One way to avoid the check fee, by the way,

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Speaker 2: is to have a Southwest credit card and also just

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Speaker 2: try not to check bags. Matt and I have talked

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Speaker 2: about the Kodo PAKSI twenty eight liters backpack before.

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Speaker 1: It's a beautiful bag. Yes, the most the most beautiful bag, Joe.

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Speaker 2: It's so great and you can, you know, pack all

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Speaker 2: your clothes in there for a few days and uh,

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Speaker 2: and you can bring that on the plane with you,

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Speaker 2: like you don't have to check it.

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Speaker 1: You can bring it into the office every single day, which

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Speaker 1: is what I do in mine. It's it's turned into

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Speaker 1: my commuter back If.

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Speaker 2: Only Koto Pacsi would sponsored this podcast because we love

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Speaker 2: that bags how much. I'm just curious to see how

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Speaker 2: this works out for Southwest. I just I'm not enthusiastic

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Speaker 2: about it, even though I'm not a guy who likes

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Speaker 2: to check bags. I know it was a policy that

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Speaker 2: that so many Americans really loved, and that was something

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Speaker 2: that caused them to look to Southwest but first so

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Speaker 2: much of the time before they would even look to

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Speaker 2: other airlines for their travel.

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Speaker 1: It's it's all relative, you know, Like all the airlines

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Speaker 1: have been feeling the pinch as people have reduced the

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Speaker 1: amount of travel that they've that they're taking in compared

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Speaker 1: to the past few years where we saw massive uptakes

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Speaker 1: as folks folks were looking to get out right the

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Speaker 1: revenge travel scene. And because of that, all the airlines

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Speaker 1: are looking for ways to like, they're looking to stay competitive,

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Speaker 1: they're looking for ways to find they're looking for ways

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Speaker 1: to increase that profit. And when you see somebody like

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Speaker 1: Southwest start to charge for bags, like what they're doing,

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Speaker 1: like delt if Delta s is that the way I'm

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Speaker 1: looking at it, They're like, Okay, well now we can charge.

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Speaker 1: We can afford to charge our flyers another ten dollars

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Speaker 1: because hey, look even Southwest even they're charging. So it

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Speaker 1: feels I don't know, I can see it being less

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Speaker 1: of an onerous thing relative to what the other airlines

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Speaker 1: are doing.

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Speaker 2: This makes me think, though it would it feels very

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Speaker 2: similar to if Costco were to do away with a

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Speaker 2: dollar fifty hot dog drink combo or the five dollar

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Speaker 2: row tiss free chicken, like if that change. And there

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Speaker 2: have been like conversations, supposed conversations between the CEO and

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Speaker 2: people who are like I don't know. We should look

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Speaker 2: into this. And the threat is basically like, don't you

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Speaker 2: ever change the price on that thing because it's it's

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Speaker 2: a calling card.

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Speaker 1: I get it with people come in, but it's such

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Speaker 1: a small thing, but bagge fees are a huge part

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Speaker 1: of profits. When it comes to the airlines, it'd be

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Speaker 1: more similar, I think to costco saying hey, on all groceries,

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Speaker 1: we are no longer going to limit our markup, like

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Speaker 1: it's that big of a deal for the different airlines,

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Speaker 1: but who knows, we'll see. And you used to can't

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Speaker 1: beat the Southwest Companion Pass when you're looking to do

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Speaker 1: a lot of travel with somebody else and have them

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Speaker 1: fly for free except for the nine to eleven fees. Yeah,

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Speaker 1: we have an article about that. We'll link to that

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Speaker 1: in show Nick. Yeah. The Atlantic, they had an article

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Speaker 1: about the rise of coaches. Joel, what do you think

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Speaker 1: about life coaches? You know you ever thought about?

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Speaker 2: That's gonna be my next job. In fact, if you

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Speaker 2: want me to be your life coach, just shoot me

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Speaker 2: an email. I charged the little of the.

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Speaker 1: Five hundred dollars an hour, so that's something you've heard of.

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Speaker 1: But there are coaches across the internets who specialize in

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Speaker 1: a myriad of different subjects. You can now hire a

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Speaker 1: meditation coach, you can hire a vacation coach, for instance.

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Speaker 1: You could like Disney coaches specifically, let's say, if you're

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Speaker 1: if your destination is Orlando. Of course we've talked about

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Speaker 1: on the show financial coaches, like budget coaches, they exist

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Speaker 1: as well. We're going to be a little more biased

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Speaker 1: and think that that might be a bit more helpful.

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Speaker 1: But the hourly rate to hire these folks can be

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Speaker 1: hundreds of dollars, and the question I'm asking is how

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Speaker 1: many folks can actually afford that. I'm all for folks

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Speaker 1: getting out there and they're trying to be scrappy and

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Speaker 1: they're trying to carve out their own little niche out

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Speaker 1: there and the information service economy that we live in,

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Speaker 1: but man, I think I'm afraid of there being more

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Speaker 1: and more folks who are looking to these different services

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Speaker 1: and these coaching programs that are being offered and thinking

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Speaker 1: that they're the solution, that they are necessary in order

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Speaker 1: for them to achieve some of the different goals. Yeah,

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Speaker 1: it's becoming more of like a societal norm where it's like, oh, yeah,

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Speaker 1: I just hired a coach for this thing over here,

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Speaker 1: this random it feels like food delivery, where like everyone's

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Speaker 1: doing it. But like, man, how much does that cost

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Speaker 1: on you? That costs a lot of money?

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Speaker 2: Right, Well, it's and I mean I think it's it's

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Speaker 2: kind of odd. I guess that we're turning to paid experts.

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Speaker 2: And I do use the term expert lightly because the

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Speaker 2: majority of these coaches, they don't have any formal designation.

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Speaker 2: They were just like, Yeah, I think I'm gonna be

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Speaker 2: become a life coach. I'm gonna hang my shing gole

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Speaker 2: and and hope that people come and pay me big

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Speaker 2: bucks to give them that advice. But I mean, given

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Speaker 2: the wealth of free information that's at our fingertips, Matt,

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Speaker 2: I think it shocks me even more. And as the

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Speaker 2: author put it in this Atlantic article, they said, hiring

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Speaker 2: a coach has become the newking a friend And like,

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Speaker 2: we used to turn to friends and loved ones and relatives.

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Speaker 2: But because I think are of our you know, fracturing friendships,

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Speaker 2: communities and relationships that were less connected with our neighbors

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Speaker 2: than ever before, we've kind of become accustomed to paying

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Speaker 2: for more things paying for advice even and so while

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Speaker 2: maybe he tread lightley there as.

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Speaker 1: Far as paying for advice, you're gonna start stepping on

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Speaker 1: Emily's toes.

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Speaker 2: I think even even my wife would as a therapist

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Speaker 2: that that there are at least some people who have

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Speaker 2: come in to see her. If they had good friends

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Speaker 2: to talk to about some of these things, they might

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Speaker 2: not have needed professional help in the same way.

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Speaker 1: Yeah, like we've all we've talked about the downturn and

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Speaker 1: the number of friendships we have, But I also, like

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Speaker 1: I do think it's it's less about the quantity and

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Speaker 1: maybe more about the quality, because what does a coach do.

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Speaker 1: A big part of what they do is they hold

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Speaker 1: you accountable. And maybe what we need are just better

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Speaker 1: friends where there's a degree of accountability, which is easier

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Speaker 1: said than done, because I'm sure there's a lot of

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Speaker 1: friends out there, a lot of folks out there who

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Speaker 1: are have friends and they're just like, man, I just

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Speaker 1: want to be a buddy, Like, I don't want to

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Speaker 1: feel like I have a sounding board, don't tell me

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Speaker 1: what to do. Yeah, I don't want to feel like

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Speaker 1: I'm prying or I don't want to feel like I'm

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Speaker 1: asking too many questions, like you don't want to get

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Speaker 1: all up in their business. But like, I think that's

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Speaker 1: a bit at the core of what it means to

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Speaker 1: be a good friend is to ask some of those

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Speaker 1: harder questions. And so as opposed to just sitting there

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Speaker 1: and shaking your head yes and yeah and then and

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Speaker 1: then talking about whatever whatever other different subject you want

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Speaker 1: to talk about. Maybe what we need are just like deeper,

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Speaker 1: higher quality friends, which even sounds kind of gross coming

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Speaker 1: out of my mouth, like, oh, what you need are

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Speaker 1: higher quality friends, my friend, I don't want to I

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Speaker 1: don't want to be the one that knows that.

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Speaker 2: You know what, I'm gonna go find myself with a

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Speaker 2: higher quality friend right now.

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Speaker 1: You know. This makes me think about though, Matt.

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Speaker 2: Just like all the courses that people sell to and

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Speaker 2: that's become also really normalized. And our goal here is

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Speaker 2: to give like free information. Even people that we have

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Speaker 2: on sometimes that sell courses or that that will will

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Speaker 2: sell you a product or they will sell their time

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Speaker 2: to you, we want to bring that information to you

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Speaker 2: for free. So I think about mister Passive, who we

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Speaker 2: had on recently to talk about making money in venting machines.

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Speaker 2: I thought that was awesome and that's such a cool conversation. Yeah,

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Speaker 2: he sells a really expensive like mentorship course or something

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Speaker 2: like that. We would say, hopefully you can glean enough

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Speaker 2: from the free content that you don't have to fork

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Speaker 2: over big bucks for that. And I think the same

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Speaker 2: thing is true. Let's say you're planning a trip to Disney.

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Speaker 2: There are so many free resources out there, whether it's

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Speaker 2: on YouTube or blogs.

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Speaker 1: That have made it.

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Speaker 2: They've basically figured out the formula and they're serving it

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Speaker 2: up to you on a platter. And it's not an

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Speaker 2: individual relationship where you're paying someone hundreds of dollars an

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Speaker 2: hour to kind of construct it on your behalf. But

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Speaker 2: if you're a little savvy and you can diy some

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Speaker 2: of that research, you can save a ton of money.

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Speaker 2: So it's not that a coach can't be helpful at times.

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Speaker 2: I guess it just feels like we're overly reliant on

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Speaker 2: coaches these days. And that article in The Atlantic get

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Speaker 2: struck a chord with me.

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Speaker 1: Yeah, totally agree me. And it's almost as if folks

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Speaker 1: don't want to take responsibility for their own actions and

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Speaker 1: almost and by having a coach, you almost have someone

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Speaker 1: to blame, like if things don't work out. But we've

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Speaker 1: got more to get you though. On our Friday flight,

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Speaker 1: we're gonna talk about whether or not senior discounts should

434
00:19:04,840 --> 00:19:06,679
Speaker 1: still be a thing. We'll get to that more right

435
00:19:06,720 --> 00:19:07,160
Speaker 1: after this.

436
00:19:15,040 --> 00:19:17,520
Speaker 2: All right, Matt, Now it's time for the ludicrous headline

437
00:19:17,760 --> 00:19:20,880
Speaker 2: of the week. This one comes from a website called

438
00:19:20,880 --> 00:19:24,720
Speaker 2: The Morning Call, and the headline reads how to set

439
00:19:25,040 --> 00:19:28,600
Speaker 2: and invest your Emergency Fund. I prickled when I saw

440
00:19:28,640 --> 00:19:31,320
Speaker 2: the headline. Row you know how I feel about investing

441
00:19:31,359 --> 00:19:34,240
Speaker 2: emergency funds. Those two words should never go hand in hand.

442
00:19:34,359 --> 00:19:37,639
Speaker 2: They shouldn't be in the same headline. I clicked through

443
00:19:38,000 --> 00:19:41,560
Speaker 2: so I could hate whatever words were written inside of that,

444
00:19:41,600 --> 00:19:43,520
Speaker 2: and then I was like, wait a second. The byeline

445
00:19:43,960 --> 00:19:46,720
Speaker 2: is by friend of the show, Christine benz over for

446
00:19:46,840 --> 00:19:49,159
Speaker 2: Morning Star. I was like, I know Christine is not

447
00:19:49,280 --> 00:19:53,399
Speaker 2: advocating investing your e fund, and she wasn't. Fortunately, she

448
00:19:53,560 --> 00:19:56,679
Speaker 2: agrees that emergency funds need to be liquid. But I

449
00:19:56,720 --> 00:19:58,640
Speaker 2: was just like, I know that the person who writes

450
00:19:59,119 --> 00:20:00,600
Speaker 2: on her they don't away right the headline.

451
00:20:00,600 --> 00:20:01,240
Speaker 1: It's the editor.

452
00:20:01,280 --> 00:20:03,480
Speaker 2: The editor wrote a terrible headline, and because it's the

453
00:20:03,520 --> 00:20:05,400
Speaker 2: ludicrous headline, of the week email. The content in side

454
00:20:05,440 --> 00:20:08,240
Speaker 2: of the article is good. I can still add this

455
00:20:08,320 --> 00:20:11,400
Speaker 2: in and say I hate it, it sucks. We'll give

456
00:20:11,480 --> 00:20:14,560
Speaker 2: Christine though, We'll give her a buye. Can you imagine

457
00:20:14,560 --> 00:20:16,760
Speaker 2: if your emergency fund was invested right, I don't want

458
00:20:16,760 --> 00:20:18,720
Speaker 2: to do that. Stock market's down ten percent, and you're like,

459
00:20:18,720 --> 00:20:21,159
Speaker 2: wait a second. I thought I had twenty grand on

460
00:20:21,200 --> 00:20:22,639
Speaker 2: hand for emergencies. Now I've got eighteen.

461
00:20:22,840 --> 00:20:25,080
Speaker 1: Not so good. Actually, One of the things, so if

462
00:20:25,080 --> 00:20:27,560
Speaker 1: you actually dig into the article, I will say one

463
00:20:27,600 --> 00:20:29,399
Speaker 1: of the things she missed was that you need to

464
00:20:29,440 --> 00:20:31,760
Speaker 1: have your money in the right receptacle, which I don't

465
00:20:31,760 --> 00:20:33,439
Speaker 1: know if we've ever used that specific term before. But

466
00:20:33,440 --> 00:20:35,280
Speaker 1: I love that, and I think I love it because

467
00:20:35,320 --> 00:20:38,399
Speaker 1: I spent last week. I used my time and built

468
00:20:38,440 --> 00:20:42,600
Speaker 1: this storage bin rack shelf system in one of our

469
00:20:42,600 --> 00:20:45,679
Speaker 1: new closets, okay, And in order to house the you know,

470
00:20:45,720 --> 00:20:48,159
Speaker 1: like the big twenty seven gallon totes are bins that

471
00:20:48,200 --> 00:20:50,480
Speaker 1: you can buy from oh yeah, home depot. In order

472
00:20:50,520 --> 00:20:53,680
Speaker 1: to house those, I can put like four across five tall.

473
00:20:54,119 --> 00:20:57,120
Speaker 1: You do the math. That's twenty bins, Joel. But I've

474
00:20:57,119 --> 00:20:59,119
Speaker 1: been thinking a lot about bins and storage and different

475
00:20:59,160 --> 00:21:01,399
Speaker 1: things like that. And so maybe that's why that's that

476
00:21:01,480 --> 00:21:03,880
Speaker 1: word stood out to me because I guess what I'm

477
00:21:03,920 --> 00:21:05,680
Speaker 1: not going to put in those storage bins. I'm not

478
00:21:05,720 --> 00:21:08,720
Speaker 1: going to put an underwear, yeah, my underwear or my

479
00:21:08,760 --> 00:21:10,879
Speaker 1: socks because guess what, broccoli? I need that on a

480
00:21:10,960 --> 00:21:12,879
Speaker 1: daily basis. I was thinking, Yeah, I was thinking in

481
00:21:12,880 --> 00:21:15,240
Speaker 1: the kitchen, like, I'm not gonna put a lemon squeezer

482
00:21:15,760 --> 00:21:18,879
Speaker 1: or a cocktail shaker or a blender things like that

483
00:21:18,920 --> 00:21:21,600
Speaker 1: in there. You know why, Well, I guess I make

484
00:21:21,640 --> 00:21:25,200
Speaker 1: cocktails more often. But when it comes on like making smoothies,

485
00:21:25,280 --> 00:21:27,720
Speaker 1: like I don't we never, We rarely make smoothies maybe

486
00:21:27,720 --> 00:21:30,280
Speaker 1: once every couple of months. We're smoothie people, y'all do

487
00:21:30,400 --> 00:21:31,960
Speaker 1: y'all do it a lot. But like, even still, I

488
00:21:31,960 --> 00:21:34,639
Speaker 1: don't want it to be kind of way off upstairs

489
00:21:34,680 --> 00:21:36,879
Speaker 1: in a room, in a closet, in a bin. It

490
00:21:36,920 --> 00:21:38,800
Speaker 1: needs to be down there in the kitchen. Sure, you

491
00:21:38,840 --> 00:21:40,360
Speaker 1: kind of put it to the back of the cabinet,

492
00:21:40,400 --> 00:21:42,800
Speaker 1: perhaps in the lemon squeezer. I mean, we're using that

493
00:21:42,840 --> 00:21:44,879
Speaker 1: thing fairly often. So where do you keep that? Oh,

494
00:21:44,920 --> 00:21:47,200
Speaker 1: you keep it right at hand. In a similar way,

495
00:21:47,600 --> 00:21:50,320
Speaker 1: the act of investing your dollars means that that money

496
00:21:50,359 --> 00:21:52,960
Speaker 1: is tied up for a long, much longer period of time,

497
00:21:53,080 --> 00:21:54,840
Speaker 1: and that is not how you want to approach your

498
00:21:54,920 --> 00:21:58,280
Speaker 1: emergency fund specifically. Yeah, but Vanguard they actually highlighted how

499
00:21:58,320 --> 00:22:01,359
Speaker 1: four one K hardship withdraws are becoming more common, to

500
00:22:01,440 --> 00:22:03,800
Speaker 1: our chagrin, it's getting easier to access four one K

501
00:22:03,840 --> 00:22:06,160
Speaker 1: dollars that are supposed to be locked up for retirement.

502
00:22:06,840 --> 00:22:08,960
Speaker 1: For a while now, we've had the one thousand dollars

503
00:22:09,000 --> 00:22:12,720
Speaker 1: no questions asked rule thanks to the secure at two

504
00:22:12,760 --> 00:22:15,439
Speaker 1: point zero back in twenty twenty two, which means that

505
00:22:15,480 --> 00:22:18,480
Speaker 1: folks are turning there for cash in a pinch to

506
00:22:18,520 --> 00:22:22,879
Speaker 1: their four one ks. And it's still relatively rare that

507
00:22:22,920 --> 00:22:25,159
Speaker 1: folks are doing this. Almost five percent of folks with

508
00:22:25,400 --> 00:22:27,720
Speaker 1: a four to one K tapped at last year, but

509
00:22:27,800 --> 00:22:30,840
Speaker 1: it is a record high, So, like what I'm pointing

510
00:22:30,880 --> 00:22:33,640
Speaker 1: out has substantially increasing. Yes, the trend is not going

511
00:22:33,640 --> 00:22:35,560
Speaker 1: in a direction that I like. It's like, I see

512
00:22:35,560 --> 00:22:37,240
Speaker 1: five percent, I'm like, that's not a huge deal. But

513
00:22:37,280 --> 00:22:39,560
Speaker 1: I hate the fact that that is a new record

514
00:22:39,640 --> 00:22:42,840
Speaker 1: high because it has never been easier to grab that money.

515
00:22:42,880 --> 00:22:45,720
Speaker 1: And if you need cash. We're just here to let

516
00:22:45,720 --> 00:22:47,720
Speaker 1: you know that grabbing it from your retirement account is

517
00:22:47,760 --> 00:22:49,639
Speaker 1: a bad way to solve that problem. It's going to

518
00:22:49,640 --> 00:22:51,800
Speaker 1: create more problems, and it's going to lead to less

519
00:22:51,840 --> 00:22:55,800
Speaker 1: wealth down the road. You've unnecessarily interrupted that compounding growth.

520
00:22:55,920 --> 00:22:59,400
Speaker 2: Just because you can doesn't mean you should. And you're right, yeah,

521
00:22:59,760 --> 00:23:01,760
Speaker 2: have a lot of negative consequences.

522
00:23:01,800 --> 00:23:04,720
Speaker 1: Speaking of blenders and smoothies makes me think about when

523
00:23:04,720 --> 00:23:06,920
Speaker 1: I decided to make a sandwich smoothie in college, Joel,

524
00:23:07,400 --> 00:23:10,200
Speaker 1: just because I could. Yeah, I quickly learned that did

525
00:23:10,200 --> 00:23:12,800
Speaker 1: not mean I should. It was terrible, man.

526
00:23:12,880 --> 00:23:14,600
Speaker 2: I think we've talked about this before, maybe not on

527
00:23:14,600 --> 00:23:16,600
Speaker 2: the show, but when my little sister had jaw surgery

528
00:23:16,680 --> 00:23:19,359
Speaker 2: growing up and we had to blend everything up for

529
00:23:19,400 --> 00:23:20,240
Speaker 2: her for a few months.

530
00:23:20,280 --> 00:23:21,840
Speaker 1: That's rough. Ooh, that's right.

531
00:23:21,880 --> 00:23:23,520
Speaker 2: I just remember having to like walk out of a kitchen.

532
00:23:23,560 --> 00:23:26,800
Speaker 2: I'll say, I cannot even smell this right now, All right, Matt.

533
00:23:26,840 --> 00:23:29,880
Speaker 2: Later this month, Chase is going to block Zell payments

534
00:23:30,200 --> 00:23:33,200
Speaker 2: made on social media in an attempt to reduce fraud.

535
00:23:33,840 --> 00:23:38,320
Speaker 2: Half apparently of all Zel scams originate on social media.

536
00:23:38,359 --> 00:23:40,600
Speaker 2: I believe it, so, I mean social media. It's got Yeah,

537
00:23:40,600 --> 00:23:42,920
Speaker 2: it's right for that kind of stuff, and Zell has

538
00:23:43,000 --> 00:23:47,159
Speaker 2: come under fire for not protecting users in any meaningful way.

539
00:23:47,200 --> 00:23:50,000
Speaker 2: This might cause I think some annoyance for some Zell

540
00:23:50,119 --> 00:23:52,760
Speaker 2: users who buy stuff via social media, but it's going

541
00:23:52,840 --> 00:23:54,000
Speaker 2: to protect a whole lot more.

542
00:23:54,760 --> 00:23:54,919
Speaker 1: You know.

543
00:23:54,960 --> 00:23:57,359
Speaker 2: This is I think a good reminder to be incredibly

544
00:23:57,400 --> 00:24:01,359
Speaker 2: careful using P two P apps like Zell Venmo cash app,

545
00:24:01,600 --> 00:24:04,640
Speaker 2: because just more consumer protections are coming, but they're thin

546
00:24:05,400 --> 00:24:09,120
Speaker 2: and they're certainly not coming from the oversight of government agencies.

547
00:24:09,160 --> 00:24:11,879
Speaker 2: So use two factor authentication and only send money to

548
00:24:11,920 --> 00:24:14,480
Speaker 2: people you know or to verified folks. Matt, one of

549
00:24:14,520 --> 00:24:15,560
Speaker 2: the things this makes me think.

550
00:24:15,520 --> 00:24:17,960
Speaker 1: Of, send that test payment across That's right.

551
00:24:18,320 --> 00:24:21,239
Speaker 2: My neighbor across the street had random people showing up

552
00:24:21,280 --> 00:24:22,800
Speaker 2: to his house this week to pick up things that

553
00:24:22,880 --> 00:24:26,159
Speaker 2: they said they bought on Facebook marketplace way, and it

554
00:24:26,200 --> 00:24:28,960
Speaker 2: turns out someone gave them a fake address to pick

555
00:24:29,040 --> 00:24:32,640
Speaker 2: up the goods. They had already paid the person for

556
00:24:32,920 --> 00:24:36,000
Speaker 2: the goods they were buying. Never pay somebody ahead of

557
00:24:36,040 --> 00:24:39,040
Speaker 2: time until you're actually in full possession of that item,

558
00:24:39,080 --> 00:24:41,600
Speaker 2: and go to a well lit public place to pick

559
00:24:41,680 --> 00:24:43,960
Speaker 2: up that item. So they were showing up and they

560
00:24:43,960 --> 00:24:46,679
Speaker 2: were mad at him, and he's like, you were not

561
00:24:46,720 --> 00:24:50,280
Speaker 2: talking to me, right, sorry, right, yes, He's like, that's.

562
00:24:50,080 --> 00:24:51,720
Speaker 1: Not me and yourself to blame.

563
00:24:51,760 --> 00:24:52,639
Speaker 2: Police had to show up.

564
00:24:52,640 --> 00:24:53,639
Speaker 1: It was, it was a thing. It was.

565
00:24:53,760 --> 00:24:55,280
Speaker 2: It was a bummer and I hate that happened to

566
00:24:55,280 --> 00:24:58,280
Speaker 2: those people, but just you cannot pay for something side unseen.

567
00:24:58,320 --> 00:25:00,720
Speaker 1: There have been other scams floating around recently as well,

568
00:25:00,840 --> 00:25:04,000
Speaker 1: so the FTC they highlighted a jury duty scam. Folks

569
00:25:04,040 --> 00:25:06,879
Speaker 1: are getting texts and phone calls and are being told

570
00:25:07,080 --> 00:25:09,440
Speaker 1: that they missed jury duty. You know, you know, that's

571
00:25:09,480 --> 00:25:13,280
Speaker 1: a proper activity that a law abiding citizen should be

572
00:25:13,359 --> 00:25:13,919
Speaker 1: partaking in.

573
00:25:14,119 --> 00:25:16,480
Speaker 2: And that mail can get lost in the shuffle. You

574
00:25:16,520 --> 00:25:18,639
Speaker 2: might think it's piece of trash or something likely that

575
00:25:18,640 --> 00:25:19,320
Speaker 2: that could have happened.

576
00:25:19,400 --> 00:25:21,399
Speaker 1: Oh I forgot, But then you're told that you've got

577
00:25:21,440 --> 00:25:24,359
Speaker 1: to pay a fine because you missed jury duty. And

578
00:25:24,359 --> 00:25:26,520
Speaker 1: then if not, if you choose not to pay, you're

579
00:25:26,520 --> 00:25:28,840
Speaker 1: going to be swiftly arrested. Which reminds me a lot

580
00:25:28,880 --> 00:25:31,080
Speaker 1: of some of the different utility scams. It's like, hey,

581
00:25:31,720 --> 00:25:33,280
Speaker 1: like a business gets a call in the middle of

582
00:25:33,320 --> 00:25:35,040
Speaker 1: like their peak hours and like we're about to cut

583
00:25:35,160 --> 00:25:37,720
Speaker 1: your power, and they're thinking, well, we can't lose these customers.

584
00:25:37,720 --> 00:25:40,200
Speaker 1: They end up paying right there on the spot. Another

585
00:25:40,240 --> 00:25:43,120
Speaker 1: scam that I personally received a text for is the

586
00:25:43,359 --> 00:25:46,919
Speaker 1: easy pass carpool lane scams, And so if you live

587
00:25:46,960 --> 00:25:48,639
Speaker 1: in a state where you can pay money to avoid

588
00:25:48,640 --> 00:25:51,840
Speaker 1: traffic in certain lanes, you could receive a text telling

589
00:25:51,880 --> 00:25:54,560
Speaker 1: you that you have unpaid tolls, and then the text

590
00:25:54,640 --> 00:25:56,640
Speaker 1: and the link to pay come from a scammer. Of course,

591
00:25:56,680 --> 00:25:59,119
Speaker 1: it looks totally legit in our case. It it literally

592
00:25:59,119 --> 00:26:02,400
Speaker 1: says like easy pass, but then it's got more letters,

593
00:26:02,720 --> 00:26:05,280
Speaker 1: and if it's not the actual domain, it looks like

594
00:26:05,320 --> 00:26:08,200
Speaker 1: the like a legit domate. But then you keep looking, uh,

595
00:26:08,480 --> 00:26:10,240
Speaker 1: trace that thing all the way off to the right,

596
00:26:10,280 --> 00:26:12,159
Speaker 1: and you'll see. So I literally looked it up. It's

597
00:26:12,160 --> 00:26:16,359
Speaker 1: specifically the real domain on this particular scam is dot

598
00:26:16,600 --> 00:26:19,480
Speaker 1: z uh not z x I, in which I guess

599
00:26:19,640 --> 00:26:24,200
Speaker 1: is pronounces in but it's primarily for like Chinese citizens evidently,

600
00:26:24,280 --> 00:26:26,960
Speaker 1: so there's a chance that originated in China. But it

601
00:26:27,000 --> 00:26:29,840
Speaker 1: looks totally legit. Don't click it, don't certainly don't copy

602
00:26:29,840 --> 00:26:31,520
Speaker 1: and paste it to your browser and whatever it tells

603
00:26:31,520 --> 00:26:33,760
Speaker 1: you to. Emily got the text and she did you really?

604
00:26:34,080 --> 00:26:35,760
Speaker 1: I got it too, and she was like, I didn't.

605
00:26:35,760 --> 00:26:38,080
Speaker 1: I didn't click, but it did look official for a second.

606
00:26:38,240 --> 00:26:40,800
Speaker 1: It made me look twice and she was like, do

607
00:26:40,880 --> 00:26:43,000
Speaker 1: I I was in there the other day. Did we

608
00:26:43,040 --> 00:26:45,480
Speaker 1: not update and put money on the toll pass? And

609
00:26:45,520 --> 00:26:47,640
Speaker 1: I was like, no, no, no, no, that's a scam. But

610
00:26:47,760 --> 00:26:51,560
Speaker 1: it can get the best people spread who should know better, right,

611
00:26:51,640 --> 00:26:54,399
Speaker 1: that's for sure. Fortunately neither of us clicked through and

612
00:26:54,440 --> 00:26:57,119
Speaker 1: paid them money. Now, let's talk about grocery stores. Kipling

613
00:26:57,160 --> 00:26:59,760
Speaker 1: Her detailed the best and worst grocery store chains in

614
00:26:59,800 --> 00:27:02,800
Speaker 1: the country. What they did was they used Google reviews

615
00:27:03,119 --> 00:27:06,760
Speaker 1: from across the country to try and spot trends, and

616
00:27:06,840 --> 00:27:10,760
Speaker 1: so Trader Joe's took the top spot in their analysis,

617
00:27:10,800 --> 00:27:14,560
Speaker 1: Costco and Wegmans took second and third. Legallealdi still take

618
00:27:14,600 --> 00:27:17,600
Speaker 1: a respectable eighth to ninth, which just makes you think

619
00:27:17,600 --> 00:27:18,800
Speaker 1: that it's still first in my heart.

620
00:27:18,880 --> 00:27:21,439
Speaker 2: Yeah, we have so many grocery stores in this country,

621
00:27:21,440 --> 00:27:24,040
Speaker 2: by the way, and so let's talk about the worst ones.

622
00:27:24,320 --> 00:27:28,600
Speaker 2: King Soopers, Save a Lot, Kroger and Walmart. Those were

623
00:27:28,720 --> 00:27:31,879
Speaker 2: the worst for according to Kiplinger, and so you know,

624
00:27:32,320 --> 00:27:35,600
Speaker 2: price obviously is in the only consideration, because Leal Lenaldi

625
00:27:35,640 --> 00:27:37,600
Speaker 2: would have been like top three for sure if that

626
00:27:37,640 --> 00:27:39,720
Speaker 2: were the case. And we're just so fortunate to live

627
00:27:39,720 --> 00:27:41,399
Speaker 2: in a country where we have so much competition in

628
00:27:41,440 --> 00:27:43,960
Speaker 2: the grocery store space. I know we've experienced a lot

629
00:27:44,000 --> 00:27:47,800
Speaker 2: of inflation in grocery prices over the last few years,

630
00:27:47,800 --> 00:27:51,040
Speaker 2: and nobody likes to see that, but we all benefit

631
00:27:51,040 --> 00:27:54,119
Speaker 2: from this increased competition. And it's just important to note

632
00:27:54,240 --> 00:27:56,600
Speaker 2: you're likely to have a better experience at some of

633
00:27:56,640 --> 00:27:58,600
Speaker 2: the top spots, some of the places that are ranked

634
00:27:58,640 --> 00:28:01,080
Speaker 2: more highly, and a lot of those are gonna pay

635
00:28:01,119 --> 00:28:01,439
Speaker 2: less too.

636
00:28:01,440 --> 00:28:03,399
Speaker 1: Matt. Yeah. I do hate the fact though that it

637
00:28:03,440 --> 00:28:05,679
Speaker 1: was based on Google reviews, because you know that somebody

638
00:28:05,760 --> 00:28:08,440
Speaker 1: was in there, let's say, at Aldi, and they had

639
00:28:08,480 --> 00:28:11,840
Speaker 1: just a sour interaction with an employee who was standing

640
00:28:11,920 --> 00:28:12,600
Speaker 1: there stocking the.

641
00:28:12,560 --> 00:28:15,400
Speaker 2: Shelves, or maybe they're like, he's never had a bad

642
00:28:15,440 --> 00:28:17,000
Speaker 2: interaction with an employee at Aldi, Matt.

643
00:28:17,359 --> 00:28:19,560
Speaker 1: Some people, it depends on your store, man, It depends

644
00:28:19,560 --> 00:28:22,520
Speaker 1: on the store, the manager, the folks that they've hired. Sometimes,

645
00:28:22,640 --> 00:28:25,480
Speaker 1: especially with Aldie. I'm just coming to all these defense

646
00:28:25,520 --> 00:28:28,560
Speaker 1: here if they've never stuck a quarter in a shopping

647
00:28:28,560 --> 00:28:31,000
Speaker 1: cart before, they're just kind of like, I couldn't get

648
00:28:31,000 --> 00:28:33,560
Speaker 1: a cart, they're locked up. How does that does that

649
00:28:33,640 --> 00:28:34,040
Speaker 1: even work?

650
00:28:34,320 --> 00:28:36,119
Speaker 2: Because it's it feels weird, you got it takes them

651
00:28:36,200 --> 00:28:36,800
Speaker 2: getting used to me.

652
00:28:36,880 --> 00:28:38,520
Speaker 1: Yeah, a little tip. You can go to the cashier

653
00:28:38,520 --> 00:28:40,080
Speaker 1: and ask them for a quarter and they're allowed to

654
00:28:40,080 --> 00:28:43,000
Speaker 1: give out a certain number of quarters per shift, so well,

655
00:28:43,040 --> 00:28:45,320
Speaker 1: that's one way around that. It also, specifically to me,

656
00:28:45,360 --> 00:28:47,520
Speaker 1: it made intuitive sense to see some of these stores

657
00:28:47,520 --> 00:28:50,280
Speaker 1: at the top. And yeah, I guess specifically because of

658
00:28:50,320 --> 00:28:52,400
Speaker 1: course they know how to sing and entertain, like bring bells.

659
00:28:53,600 --> 00:28:55,440
Speaker 1: It's like a party when you go into a Trading Joe's, Man,

660
00:28:55,480 --> 00:28:57,800
Speaker 1: I'm like, are y'all making like rum cocktails or something

661
00:28:57,800 --> 00:28:59,160
Speaker 1: over there? I feel like I want to be a

662
00:28:59,160 --> 00:29:00,000
Speaker 1: part of the island scene.

663
00:29:00,280 --> 00:29:03,040
Speaker 2: It's not like they're charging ridiculous amounts more either, Like

664
00:29:03,080 --> 00:29:05,520
Speaker 2: Trader Jones has pre solid costs on a lot of

665
00:29:05,520 --> 00:29:07,520
Speaker 2: what they offer, so vibe it makes sense that they're

666
00:29:07,840 --> 00:29:11,840
Speaker 2: the top spot. And let's talk about senior citizen discounts. Matt, Like,

667
00:29:11,880 --> 00:29:15,440
Speaker 2: when you go to the grocery store, certain grocery stores

668
00:29:15,480 --> 00:29:18,880
Speaker 2: incentivized seniors to come on certain days with a discount.

669
00:29:18,960 --> 00:29:23,560
Speaker 2: So Public's is a grocery store chain in the Southeast.

670
00:29:23,800 --> 00:29:26,480
Speaker 2: They give folks who are sixty and older five percent

671
00:29:26,560 --> 00:29:30,280
Speaker 2: off every Wednesday. Fred Meyer offers ten percent off on

672
00:29:30,320 --> 00:29:32,960
Speaker 2: the first Tuesday of every month. And that's not all.

673
00:29:33,120 --> 00:29:35,400
Speaker 2: There are more discounts at other grocery stores too. But

674
00:29:35,440 --> 00:29:38,120
Speaker 2: The New York Times had an interesting article about whether

675
00:29:38,240 --> 00:29:41,600
Speaker 2: or not senior discounts should just go away altogether. And

676
00:29:41,680 --> 00:29:44,640
Speaker 2: the article was based on a reader who is questioning

677
00:29:44,840 --> 00:29:49,080
Speaker 2: the ethical nature of age based benefits. But the author.

678
00:29:49,360 --> 00:29:51,360
Speaker 2: I was glad the author kind of defended our senior

679
00:29:51,360 --> 00:29:53,760
Speaker 2: citizens here, Matt. They basically pointed out that this not

680
00:29:53,840 --> 00:29:58,080
Speaker 2: only helps seniors who might be financially vulnerable, which is

681
00:29:58,120 --> 00:30:00,360
Speaker 2: a lot of senior citizens, especially if you're being on

682
00:30:00,440 --> 00:30:04,920
Speaker 2: a fixed income. The grocery store, though, isn't terribly crowded

683
00:30:04,960 --> 00:30:07,960
Speaker 2: during those incentivized times. It's kind of like incentivizing people

684
00:30:08,000 --> 00:30:10,880
Speaker 2: to come to see a matine movie. Yeah, there's a

685
00:30:10,920 --> 00:30:13,120
Speaker 2: real It's like, hey, who's free at like one o'clock

686
00:30:13,160 --> 00:30:13,840
Speaker 2: on a Thursday.

687
00:30:14,440 --> 00:30:17,680
Speaker 1: Not many people. We're still paying rent, right, So if

688
00:30:17,720 --> 00:30:19,040
Speaker 1: we get sun butts in the city.

689
00:30:19,120 --> 00:30:21,800
Speaker 2: To me, that's a form of dynamic pricing, and so exactly,

690
00:30:21,920 --> 00:30:23,680
Speaker 2: seniors and the rest of us, we should all be

691
00:30:23,720 --> 00:30:26,840
Speaker 2: priced sensitive and we should let those incentives sway us.

692
00:30:26,880 --> 00:30:29,320
Speaker 2: If I'm Matt once i'm fully retired, if I want

693
00:30:29,360 --> 00:30:32,080
Speaker 2: to go do my grocery shopping on a Wednesday morning

694
00:30:32,280 --> 00:30:34,280
Speaker 2: to get that extra five or ten percent off, I'm

695
00:30:34,280 --> 00:30:34,840
Speaker 2: going to do it.

696
00:30:35,040 --> 00:30:37,360
Speaker 1: Yeah, Joe, the weather's been nice lately, the windows have

697
00:30:37,400 --> 00:30:39,880
Speaker 1: been open. You love this timmy year, don't you. Man.

698
00:30:40,080 --> 00:30:42,200
Speaker 1: You don't have to run your AC or your heat.

699
00:30:42,240 --> 00:30:44,200
Speaker 1: You're kind of like in this in between sort of.

700
00:30:44,760 --> 00:30:47,080
Speaker 1: It's like instead of it being like a purgatory, as

701
00:30:47,080 --> 00:30:48,720
Speaker 1: in like a bad thing, it's kind of like a

702
00:30:48,760 --> 00:30:51,680
Speaker 1: good thing. Yeah, Oh, it's the best. I agree.

703
00:30:51,720 --> 00:30:53,880
Speaker 2: I think it's It's one of my favorite things to

704
00:30:54,280 --> 00:30:57,920
Speaker 2: see how long I can go without running either the

705
00:30:57,960 --> 00:30:59,600
Speaker 2: heat or the AC at all, just.

706
00:30:59,520 --> 00:31:02,280
Speaker 1: Like get the fans crank and what we have to do. Man,

707
00:31:02,440 --> 00:31:05,720
Speaker 1: I realized last week that my sleep was suffering, and

708
00:31:05,760 --> 00:31:07,120
Speaker 1: I'm like, oh, it's because we still have like the

709
00:31:07,120 --> 00:31:10,400
Speaker 1: winner blanket on because we let the temperature drop so

710
00:31:10,480 --> 00:31:12,000
Speaker 1: much in the winter. But it means I'm like not

711
00:31:12,040 --> 00:31:13,160
Speaker 1: sleeping as well, So we had a like.

712
00:31:13,200 --> 00:31:15,440
Speaker 2: Also because you're not saunaing before bed, like I am.

713
00:31:16,320 --> 00:31:18,120
Speaker 2: My sleep has improved yet, have.

714
00:31:18,080 --> 00:31:20,560
Speaker 1: You seen your sleep scores sleepskis go up? Well. Something

715
00:31:20,680 --> 00:31:24,360
Speaker 1: that's going to help folks to keep their utility bills low,

716
00:31:24,520 --> 00:31:26,520
Speaker 1: to keep from having a turn on their AC or

717
00:31:26,520 --> 00:31:28,640
Speaker 1: their heat next fall or next winner, is to make

718
00:31:28,640 --> 00:31:31,239
Speaker 1: sure that you have enough insulation. Seeing that, they had

719
00:31:31,280 --> 00:31:34,800
Speaker 1: an article about getting a free home energy audit, which

720
00:31:34,840 --> 00:31:37,920
Speaker 1: it turns out a lot of different electricity providers offer

721
00:31:38,160 --> 00:31:40,760
Speaker 1: to their customers, and the offer he found that he

722
00:31:41,000 --> 00:31:44,760
Speaker 1: had almost no insulation in his walls, costing him massive

723
00:31:44,800 --> 00:31:47,320
Speaker 1: amounts of money. And there are often incentives for making

724
00:31:47,440 --> 00:31:50,120
Speaker 1: energy upgrades as well, and that's before you even like

725
00:31:50,200 --> 00:31:54,200
Speaker 1: buy the electricity provider, and that's before considering any of

726
00:31:54,240 --> 00:31:56,680
Speaker 1: the different federal tax benefits as well.

727
00:31:56,800 --> 00:31:59,320
Speaker 2: Those two things combined can really bring down the cost.

728
00:31:59,360 --> 00:32:02,200
Speaker 1: Heck yeah, yeah, he was specifically in Massachusetts and it

729
00:32:02,280 --> 00:32:05,120
Speaker 1: was going to be completely free for in his case,

730
00:32:05,160 --> 00:32:08,080
Speaker 1: the landlord to get insulation put in the walls. Yeah,

731
00:32:08,080 --> 00:32:09,840
Speaker 1: which not only does it make it more comfortable from

732
00:32:09,880 --> 00:32:12,560
Speaker 1: a temperature standpoint, but it acoustically is nicer as well,

733
00:32:12,680 --> 00:32:14,720
Speaker 1: especially if you got roommates you don't yeah, you know,

734
00:32:14,760 --> 00:32:17,160
Speaker 1: you don't hear your roommate in the room next door,

735
00:32:17,320 --> 00:32:19,320
Speaker 1: like you know, you want like a little bit more privacy,

736
00:32:19,360 --> 00:32:21,320
Speaker 1: And all of a sudden you're like, WHOA, I thought

737
00:32:21,360 --> 00:32:23,280
Speaker 1: I needed a bigger place. Turns out all we needed

738
00:32:23,760 --> 00:32:25,640
Speaker 1: was to not be able to hear each other all

739
00:32:25,680 --> 00:32:26,000
Speaker 1: the time.

740
00:32:26,240 --> 00:32:29,680
Speaker 2: We made a similar move in our little clubhouse here

741
00:32:29,720 --> 00:32:33,200
Speaker 2: where we work and record the podcast. Our landlord, we

742
00:32:33,200 --> 00:32:36,479
Speaker 2: were like, hey, do you know about these discounts, because

743
00:32:36,560 --> 00:32:38,680
Speaker 2: it'd be awesome if you made some of these improvements

744
00:32:38,680 --> 00:32:40,720
Speaker 2: and we'll sign a lease and we'll stay longer. And

745
00:32:40,760 --> 00:32:42,880
Speaker 2: it was a win win where so much more comfortable.

746
00:32:42,880 --> 00:32:44,600
Speaker 2: You get so much more comfortab up here now. So

747
00:32:44,680 --> 00:32:46,640
Speaker 2: he put the installation in, did a couple other little

748
00:32:46,640 --> 00:32:51,280
Speaker 2: things and reaped some substant substantial tax savings and electricity

749
00:32:51,320 --> 00:32:54,960
Speaker 2: bill savings thirty percent off yeah yeah, and those federal benefits.

750
00:32:55,000 --> 00:32:56,320
Speaker 2: And then then Differ might not have done it. I

751
00:32:56,360 --> 00:32:58,680
Speaker 2: don't think if we if we had not made this suggestion. Sure, yeah,

752
00:32:58,680 --> 00:33:01,440
Speaker 2: and the different utility providers they've got those rebates as well.

753
00:33:01,600 --> 00:33:04,360
Speaker 2: Georgia Power is offering it's like seventy five percent off

754
00:33:04,720 --> 00:33:08,000
Speaker 2: smart thermostats, and so we're gonna get a couple Google nests.

755
00:33:08,360 --> 00:33:10,000
Speaker 2: Normally these things are one hundred and thirty bucks man,

756
00:33:10,040 --> 00:33:13,040
Speaker 2: we're paying like thirty two dollars a pop. You're limited

757
00:33:13,080 --> 00:33:14,480
Speaker 2: to two. So we're gonna go ahead and replace one

758
00:33:14,520 --> 00:33:16,080
Speaker 2: of the other ones that isn't so smart.

759
00:33:17,000 --> 00:33:18,479
Speaker 1: And they look good as well, and they're gonna help

760
00:33:18,560 --> 00:33:19,400
Speaker 1: us to save a ton of money.

761
00:33:19,400 --> 00:33:21,600
Speaker 2: So it's yeah to win those, even if you have

762
00:33:21,600 --> 00:33:23,600
Speaker 2: to pay full price, which many times you don't because

763
00:33:23,600 --> 00:33:26,880
Speaker 2: your electricity provider is being generous because it's a it's

764
00:33:26,880 --> 00:33:27,720
Speaker 2: a win win situation.

765
00:33:27,840 --> 00:33:29,680
Speaker 1: Takes a load off the system. Even if you had

766
00:33:29,680 --> 00:33:30,400
Speaker 1: to pay full price.

767
00:33:30,480 --> 00:33:32,640
Speaker 2: It's it's often worth it right to have those smarter

768
00:33:32,720 --> 00:33:36,840
Speaker 2: thermostats that learn how you behave and that don't run

769
00:33:37,200 --> 00:33:39,800
Speaker 2: your air conditioner when you're out of the house, darning

770
00:33:39,840 --> 00:33:41,840
Speaker 2: the day or something like that. Right, so yeah, or

771
00:33:41,880 --> 00:33:43,520
Speaker 2: at least they run in at a higher temp if

772
00:33:43,560 --> 00:33:46,600
Speaker 2: you forget to change the setting yourself' that's my favorite

773
00:33:46,600 --> 00:33:49,120
Speaker 2: thing to do, is if if you forget and we

774
00:33:49,120 --> 00:33:51,080
Speaker 2: don't have the smart thermistats, so we can't do this

775
00:33:51,480 --> 00:33:53,160
Speaker 2: yet until we get the new ones installed. But I

776
00:33:53,160 --> 00:33:56,080
Speaker 2: remember at our old place, because we had installed nests, the.

777
00:33:56,040 --> 00:33:59,200
Speaker 1: Ability to check it from your phone and be like, oh,

778
00:33:59,240 --> 00:34:00,960
Speaker 1: and you crank that thing down to where you want it,

779
00:34:01,040 --> 00:34:02,960
Speaker 1: knowing that you're saving yourself a ton of money. That's

780
00:34:02,960 --> 00:34:04,160
Speaker 1: such a good feeling. It really is.

781
00:34:04,360 --> 00:34:07,480
Speaker 2: And I'll be curious to hear from a how to

782
00:34:07,520 --> 00:34:11,080
Speaker 2: Money listener who avoids running their air conditioning the longest.

783
00:34:11,440 --> 00:34:13,759
Speaker 2: If you can wait till, like, I don't know, mid June,

784
00:34:13,800 --> 00:34:15,799
Speaker 2: let me know, I'd be rough. I'd be curious if

785
00:34:15,840 --> 00:34:17,920
Speaker 2: you can make it that far, and if your family

786
00:34:18,280 --> 00:34:20,040
Speaker 2: allows you to live, if you try to do something

787
00:34:20,080 --> 00:34:21,640
Speaker 2: like that, all right, that's going to do it, Matt.

788
00:34:21,680 --> 00:34:23,800
Speaker 2: For this episode, we'll put links to some of the

789
00:34:23,840 --> 00:34:26,279
Speaker 2: stories we mentioned up in the show notes on our

790
00:34:26,320 --> 00:34:28,480
Speaker 2: website at howtomoney dot com.

791
00:34:28,480 --> 00:34:30,640
Speaker 1: That's right, So until next time, Buddy, best Friends Out,

792
00:34:30,760 --> 00:34:32,439
Speaker 1: Best Friends Out,