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Speaker 1: Welcome to How the Money. I'm Joel and I'm Matt,

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Speaker 1: and today we are answering your listener questions. Yeah, Joel,

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Speaker 1: we have some great listener questions. This week, we're gonna

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Speaker 1: talk about taking care of mom financially. We're gonna talk

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Speaker 1: about some car subscription services if those can save you

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Speaker 1: some money, as well as time shares. I don't think

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Speaker 1: we've ever talked about time shares on the show, but

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Speaker 1: it's about time time shares. I'm shared to do it.

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Speaker 1: It's about time. I like that. Very nicely done. You've

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Speaker 1: been working on your pun game. I can tell. Oh.

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Speaker 1: I do not like puns. So was that a pun?

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Speaker 1: I guess it was a little bit. Think technically that's

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Speaker 1: a pun. Yeah, I need to go flog myself. All right,

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Speaker 1: we can pause this podcast until you're done with that. Actually,

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Speaker 1: let's not do that. But before we start hitting those questions, Matt,

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Speaker 1: I wanted to ask you a question. I saw this

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Speaker 1: article on the life Hacker blog called two Cents, and

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Speaker 1: they blog about money, and one of their authors was

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Speaker 1: talking about signing up for birthday free bees and I think,

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Speaker 1: which I'm a huge fan of. I like, dude, I

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Speaker 1: love the birthday free bees. Yeah, birthday free bees are awesome.

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Speaker 1: Oftentimes you can eat for free all day at different

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Speaker 1: restaurants around town. They're all sorts of perks from your

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Speaker 1: favorite retailer's clothing, beauty, you know, food, all that kind

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Speaker 1: of stuff. But in this article, the author in particular

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Speaker 1: advocated for putting in random birthdays to spread out your

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Speaker 1: benefits all year long with different retailers. Yeah, so I

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Speaker 1: kind of want to get your take on that. Is

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Speaker 1: that is that frugal or is that cheap in your opinion? Yeah,

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Speaker 1: so this isn't like frugal or cheap. This is sort

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Speaker 1: of like legal or immoral. It's gonna be like a

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Speaker 1: new a new little bit that we do. Is that

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Speaker 1: gonna get me put behind balls? Or just a slap

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Speaker 1: on the wrist? Okay, So first off, I will say

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Speaker 1: that when you first said that, I love that hit

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Speaker 1: because my birthday is over Christmas and oftentimes a lot

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Speaker 1: of places are closed. And not only are they closed,

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Speaker 1: I'm spending time with my family. You're not going to

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Speaker 1: hot for your free pancakes on Christmas morning exactly. Yeah,

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Speaker 1: so it's something that I'm not fully able to take

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Speaker 1: advantage of. I'm a little jealous of all the folks

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Speaker 1: out there who might have a regular, non holiday birthday,

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Speaker 1: because that's totally something that I face. Also, you got

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Speaker 1: stiffed like your whole childhood, basically, I'm sure to a

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Speaker 1: certain extent, right when that's all you know, you don't

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Speaker 1: know any better man, That's true. I'm not trying to

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Speaker 1: throw your parents under the bus, but I'm saying it

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Speaker 1: just kind of comes with the territory of having a

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Speaker 1: holiday birthday oftentimes exactly. No. I will say though, that

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Speaker 1: I often got to get an extra large birthday Christmas

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Speaker 1: present combo by the combination of funds thereof right there

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Speaker 1: we go, ok, And so there are times when I

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Speaker 1: was able to get a really sweet gift that I

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Speaker 1: would not have expected because you know, you kind of

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Speaker 1: pinch off the money, spig it a little bit for

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Speaker 1: the birthday and the Christmas presents, and you know, they

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Speaker 1: clump into one giant gift. And as a kid, that

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Speaker 1: made me really happy too. So you're like, I want

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Speaker 1: a pony, and they're like, all right, well, so it's

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Speaker 1: it's a combo, sure, and I got little Sebashian Okay.

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Speaker 1: But to answer your question, right, like is that frugal

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Speaker 1: or is that cheap? Or you know, is that illegal

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Speaker 1: or you know, immoral. It's tough, man, It's really tough

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Speaker 1: because on one and I think I'm giving a lot

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Speaker 1: of personal information over to this company. They're using that

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Speaker 1: to make money. They enticed me by emailing me deals,

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Speaker 1: another little pop ups on the on the app, and

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Speaker 1: so on one hand, I think, well, that's just the

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Speaker 1: price of them doing business. Right, I'm thinking a lot

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Speaker 1: of companies they just want to know your age, right.

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Speaker 1: So maybe if you didn't put your exact birthday, but

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Speaker 1: if it was still the same year, right, they still

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Speaker 1: know that you're a third year old drinking a pumpkin

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Speaker 1: spice lats because that's what you love. Joel, Right, Yeah,

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Speaker 1: well false, not true, But I think that's totally true. Actually,

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Speaker 1: that actually makes me think of it in a different light,

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Speaker 1: because my initial reaction was like, that's kind of uncouth.

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Speaker 1: But but I think you are right. The retailers are

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Speaker 1: essentially trying to drive you into their stores. They want

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Speaker 1: to create a sense of loyalty, and they want you

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Speaker 1: to shop more frequently, and so their goal isn't necessarily

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Speaker 1: to get the exact birth date. When you're signing up

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Speaker 1: for those birthday benefits. What they want is for you

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Speaker 1: to be an email subscriber or just that general data point.

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Speaker 1: This is sort of what I was thinking too. Yeah,

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Speaker 1: and anything that can entice you to come back in

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Speaker 1: and spend more money, they're typically all of out. I

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Speaker 1: can't imagine many retailers would be super upset that you

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Speaker 1: fudge your birthday date a little bit, So Joel Starbucks

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Speaker 1: app we're gonna shut it down. So I think my

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Speaker 1: initial reaction was it's cheap. But I don't know. I

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Speaker 1: think I think I'm leaning towards frugal man. I think

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Speaker 1: it's really probably not that big of a deal and

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Speaker 1: we're over thinking it. Yeah, I don't think it's a

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Speaker 1: huge deal. I mean, but it is hard to get

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Speaker 1: past the fact that you are like lying. I mean,

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Speaker 1: it's still a lie when you when you enter in

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Speaker 1: the wrong birthday. So I think from a like a

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Speaker 1: personal standpoint, I'm not sure if we could sort of

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Speaker 1: officially endorse it, but it is an interesting little thought experiments,

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Speaker 1: all right, So maybe the thing you should do is

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Speaker 1: when you're signing up, or let's say you're in the store,

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Speaker 1: ask the store clerk and say, hey, listen the firm

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Speaker 1: responsibility to them. Yeah, I just ask and say, like, hey,

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Speaker 1: is this a big deal my birthday falls on a

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Speaker 1: holiday kind of thing? Like if I put in a

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Speaker 1: different birthday so that I could use the birthday benefit

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Speaker 1: at a different time of year, would that be a

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Speaker 1: big deal? Is that all right? I mean asking me

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Speaker 1: just to gets there to be like, man, I don't care,

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Speaker 1: just put whatever, but at least asking the question to

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Speaker 1: someone who works for the company. I don't think it's

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Speaker 1: a bad idea. Yeah, but I can see that as

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Speaker 1: potentially controversial. My brain goes back and forth. You know,

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Speaker 1: we've mentioned on the show I live life in like

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Speaker 1: a state of gray, and so I don't really know

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Speaker 1: where I land on this, but I would love to

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Speaker 1: hear other people's thoughts and so, yeah, if you want

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Speaker 1: to weigh in and share your thoughts on the birthday

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Speaker 1: rewards controversy, just to hop over to our Facebook page,

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Speaker 1: type in how to money, join the group. I'd love

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Speaker 1: to see what our listeners think of that idea of

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Speaker 1: kind of fudging the birthdate in order to get your

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Speaker 1: rewards whenever you want. Oh and there's a polling option too.

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Speaker 1: When you post the questions, maybe we can utilize the

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Speaker 1: poll get all scientifically exactly. I want real data. All right,

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Speaker 1: we'll make that happen. All right, let's introduce the beer

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Speaker 1: that we're having on the show today. Yeah, man, this

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Speaker 1: is one that you brought over to share for us today.

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Speaker 1: I am really excited to crack this one open. Yeah.

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Speaker 1: This is a beer that age as well. It was.

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Speaker 1: It was breweding is by the brewery out of California. Um,

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Speaker 1: that's brewery with a U, not a W. Yeah, it's

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Speaker 1: oddly spelled, but they've been around a long time making

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Speaker 1: some really great beers. This beer is called Milange number

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Speaker 1: fourteen and it is a blended beer of a stout

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Speaker 1: in an old ale aged in bourbon barrels. And dude,

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Speaker 1: I already know this one's going to be delicious. I

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Speaker 1: look forward to discussing this one with you at the

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Speaker 1: end of the episode. Yeah. I think milange is French

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Speaker 1: actually for blend. Oh, there we go, says it on

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Speaker 1: the label. It was like, did you look that up?

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Speaker 1: Or did you? Did you take French in high school?

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Speaker 1: Date after me? There you go, teach French lessons. Make

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Speaker 1: it happen. Yeah, man, my French is poor, but I

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Speaker 1: learned something today. So I tried to learn French. I

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Speaker 1: tried to do the Rosetta stone one time before Kate

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Speaker 1: and I went to France, and I failed. It didn't stick.

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Speaker 1: It did not stick. It was ambitious of me. I'd

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Speaker 1: love some day to pick up a second language, but

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Speaker 1: it is not happening right now. All right, Matt, let's

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Speaker 1: get onto the topic at hand. Today we're answering listener

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Speaker 1: questions and for folks out there listening, if you have

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Speaker 1: a question for us, we would love to tackle it

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Speaker 1: on the show. It's super easy to submit your question.

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Speaker 1: Just go to how to money dot com slash ask

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Speaker 1: and there are super simple directions. It will take you

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Speaker 1: just a minute to record your question and send it

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Speaker 1: over and then we hope to take it on an

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Speaker 1: upcoming episode. So Matt, let's get to the first one.

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Speaker 1: It's about hell care. Hey guys, this is Mark from Dayton, Ohio.

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Speaker 1: Love your show. Look forward to each week to listening

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Speaker 1: to both podcasts. Keep up the good work. My question

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Speaker 1: for you today is what is a good strategy for

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Speaker 1: those who are self employed about how to afford their

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Speaker 1: healthcare costs long term? And like I said, I am

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Speaker 1: self employed. I love the work I do. I don't

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Speaker 1: want to have to go work anywhere else. But my

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Speaker 1: concern is how do I afford my healthcare in my

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Speaker 1: fifties and early sixties before Medicare kicks in? And I'm

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Speaker 1: currently I'm forty years old. You know, me and my

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Speaker 1: family were very healthy than goodness, and we pay about

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Speaker 1: seven hundred bucks a month for a high deductible plan.

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Speaker 1: We fully fund our HS say, which, by the way,

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Speaker 1: we did love your HS a podcast that was very informative.

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Speaker 1: But how do I afford my premiums ten years from

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Speaker 1: now before Medicare kicks in? I really don't want to

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Speaker 1: have to go work at Starbucks or anywhere else part

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Speaker 1: time to get health insurance. UM. I really like what

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Speaker 1: I do, but I'd love to hear what strategies you have.

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Speaker 1: Since one of you guys is um self employed, I'm

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Speaker 1: curious to see if there's any other strategies long term

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Speaker 1: that maybe I'm not thinking of. Look forward to your

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Speaker 1: answer and keep up the great work. Thanks guys. All right,

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Speaker 1: Mark Man, thanks so much for listening. We appreciate this question.

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Speaker 1: And you know, first off, you mentioned seven hundred bucks

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Speaker 1: a month. That actually isn't too terrible for your family.

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Speaker 1: But going with that hs A, having that as an

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Speaker 1: option for you is really helping you to keep your

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Speaker 1: premiums low while allowing you to invest for your future

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Speaker 1: healthcare expenses. And by investing in an hs A, you're

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Speaker 1: also able to keep your income lower, possibly scoring you

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Speaker 1: some of those sweet subsidies on the exchange. I was

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Speaker 1: gonna say, I think Mark the barista has like a

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Speaker 1: ring to it. I think you should strongly consider the

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Speaker 1: Starbucks option. I do appreciate the way Starbucks takes care

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Speaker 1: of their employees with health insurance. It's really cool. Yeah,

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Speaker 1: well man, that's got to be a serious consideration because employers,

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Speaker 1: they're expected this year to pay about six of total

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Speaker 1: healthcare costs, and so for a typical family of four

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Speaker 1: on average, they're paying about twenty eight thou dollars for

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Speaker 1: the entire year out of pocket as well as premiums,

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Speaker 1: and so that that's seventeen dollars. That is a ton

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Speaker 1: of money that you are essentially getting for free, kind

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Speaker 1: of baked into your salary without actually realizing that as

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Speaker 1: income that you get to realize as a benefit without

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Speaker 1: paying taxes on and that can't be overlooked. Yeah, I

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Speaker 1: completely agree. Where I work, mat there's a back end

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Speaker 1: website that kind of shows you your total pay and

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Speaker 1: so there's a it's it's a pie chart, and it

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Speaker 1: shows me exactly how much my employer is being fancy

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Speaker 1: towards my healthcare. Yeah, and it's really it really is.

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Speaker 1: It's very costly for them to offer health and it

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Speaker 1: helps you to realize the additional sort of added value,

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Speaker 1: the added benefit that you're receiving from your company. Yeah,

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Speaker 1: it's amazing to see it broken out that. You know,

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Speaker 1: my pay is obviously the biggest chunk, but those other

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Speaker 1: benefits that I received from my employer, well, I couldn't

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Speaker 1: just take a job somewhere else making the same amount

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Speaker 1: of pay and get the same value because because yeah,

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Speaker 1: they spend a lot on those extra benefits. All right, Mark,

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Speaker 1: let's talk about other ways to keep your costs low,

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Speaker 1: whether or not your self employed. There are a couple

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Speaker 1: of things you should prioritize. Number one is to not smoke. Right,

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Speaker 1: That is the biggest X factor in kind of health

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Speaker 1: costs you're gonna incur over time. It sounds like your

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Speaker 1: family is healthy and prioritizing health in your family is

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Speaker 1: going to allow you to increase your deductibles, which it

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Speaker 1: sounds like you're already doing by having a high cost

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Speaker 1: health insurance plan. Yeah. And one other thing to consider,

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Speaker 1: mark is the state that you live in. I know

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Speaker 1: we don't typically make decisions based on healthcare costs in

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Speaker 1: the state, but healthcare costs can vary widely from state

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Speaker 1: to state, and so it sounds like you have a

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Speaker 1: small business. I don't know if your location dependent or

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Speaker 1: location independent, but if you are location independent, it might

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Speaker 1: make sense to move to a state with lower overall

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Speaker 1: healthcare costs for those years before you hit retirement age

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Speaker 1: in order to help bridge that gap and lower your

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Speaker 1: overall out of pocket for healthcare spending. Yeah, Juel, it's

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Speaker 1: surprising at how much the healthcare costs differ per state,

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Speaker 1: right Like it's a it's a pretty big swing. The

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Speaker 1: lowest cost states are states like Hawaii, Idaho, and Utah,

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Speaker 1: where they're paying just a little over four hundred bucks

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Speaker 1: a month, versus some really expensive states like a Aska

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Speaker 1: or Wyoming. In New York where they're paying between six

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Speaker 1: and seven hundred dollars a month. That's a pretty big difference. Man,

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Speaker 1: if you're paying four hundred bucks in one state versus

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Speaker 1: man close to seven hundred and another, that could be

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Speaker 1: four grand a year just by crossing the state line

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Speaker 1: and market. You can also consider some group plans that

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Speaker 1: aren't offered by an employer, but these are group plans

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Speaker 1: that are membership based. You might be eligible depending on

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Speaker 1: your profession or not even related to your profession. For example,

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Speaker 1: the Farm Bureau. That's an organization that you can get

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Speaker 1: health insurance through and you don't have to necessarily be

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Speaker 1: a farmer. But there's different professional organizations like the Producer

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Speaker 1: Writer's Guild, Freelancers Union. These are all different organizations you

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Speaker 1: can join and they have group options available. Yeah. Another

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Speaker 1: thing to consider if you want to slash your healthcare

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Speaker 1: costs is healthcare sharing options. There are a few of

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Speaker 1: these out there, like Meta Share, Liberty health Share, and

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Speaker 1: Samaritans Ministries. And it's important to know, as we mentioned those,

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Speaker 1: that these are not actually insurance. These are healthcare sharing

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Speaker 1: organizations and basically it's like a pool where everyone helps

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Speaker 1: each other out when they incur bigger health care expenses.

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Speaker 1: There are some more stringent requirements to be considered for

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Speaker 1: one of these health care sharing companies, and you're also

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Speaker 1: kind of taking a bigger risk by not having true insurance. Yeah,

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Speaker 1: because they're not technically insurance companies. They're not regulated like

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Speaker 1: like an actual insurance company is, and so there is

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Speaker 1: a slight risk. I know this because Joel, our family

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Speaker 1: is on a health sharing plan where with meta Share,

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Speaker 1: and actually we can link to an article in our

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Speaker 1: show notes where I've done a little review with our

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Speaker 1: experience over the past three years being with meta Share.

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Speaker 1: But for us, man, we're paying under four bucks for

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Speaker 1: a family of five. Granted it's we've got a really

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Speaker 1: high deductible, and like you said, there are some inherent

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Speaker 1: risks involved, but for us overall, it's been a great option. Yeah.

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Speaker 1: And I know for a lot of people they dismiss

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Speaker 1: it out of hand. And initially when I heard about

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Speaker 1: these health sharing companies, I did too. I was like,

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Speaker 1: it's not really insurance, why would anyone do this? But

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Speaker 1: as I've seen the cost of healthcare skyrocket, these health

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Speaker 1: sharing options just make a lot more sense for a

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Speaker 1: lot of people because traditional health insurance is becoming cost prohibitive,

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Speaker 1: it's becoming completely unaffordable. In a lot of people's regular budgets.

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Speaker 1: So yeah, I would at least do some investigating and

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Speaker 1: see what rates you might be able to get and

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Speaker 1: see whether the coverage and the way it works would

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Speaker 1: potentially work for your family. And another really important thing

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Speaker 1: to consider Mark as you're trying to bridge this gap

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Speaker 1: is to make sure that you have ample cash savings

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Speaker 1: that can cover out of pocket expenses that you incur

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Speaker 1: to avoid tapping your retirement accounts or your hs A

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Speaker 1: if at all possible. The biggest thing is by having

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Speaker 1: that cash cushion, you're not forced to take money out

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Speaker 1: of investments to pay for healthcare costs, especially in a

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Speaker 1: down market cycle. A larger cash cushion will give you

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Speaker 1: kind of some of that peace of mind that I

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Speaker 1: think is what you're looking for a little bit in

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Speaker 1: this scenario. Healthcare costs, of course, are just this mega

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Speaker 1: beast monstrosity, and there is no silver bullet. I mean,

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Speaker 1: there is no easy solution for anybody, especially if you're

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Speaker 1: self employed. But hopefully some of the things that we

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Speaker 1: covered here at least get you on the right track,

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Speaker 1: get you in search mode ready to kind of look

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Speaker 1: at your options a little more deeply. But in all honesty,

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Speaker 1: it sounds like you're on a decent track right now

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Speaker 1: with the coverage that you have. And Mark real quickly

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Speaker 1: on a mentioned too that it sounded like you might

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Speaker 1: have kids, because you said your family overall is healthy,

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Speaker 1: which is amazing, right, Like, that's just a blessing that

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Speaker 1: you've got a really healthy family. But keep in mind that, yes,

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Speaker 1: even though as you get older, your healthcare costs might increase,

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Speaker 1: your kids, hopefully at some point we'll be off of

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Speaker 1: your insurance so they'll be on their own, earning their

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Speaker 1: own plan, because they'll have some sweet posh plan from

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Speaker 1: Starbucks maybe or some other great company. But keep that

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Speaker 1: in mind that even though your expenses will go up

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Speaker 1: for you individually, hopefully your overall family costs will go

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Speaker 1: down because your kids will be falling off that health

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Speaker 1: care plan. Yeah, they're gonna have to pay their own

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Speaker 1: way someday, and that just means lower health care costs

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Speaker 1: for you. Alright, Matt, let's get to a couple more questions,

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Speaker 1: including one from a guy who says he's our biggest

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Speaker 1: fan in Europe. That'll be fun. We'll get to that

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Speaker 1: after the break. Al Right, Will we have a a

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Speaker 1: somewhat sensitive question here regarding taking care of parents. Let's

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Speaker 1: hear this one, Hi, Matt and Jewel. This is Katie

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Speaker 1: from Great Falls Month. Hannah. I really enjoy your show,

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Speaker 1: and I hope you have some words of wisdom for

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Speaker 1: me on a rather touchy subject. My mom is terrible

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Speaker 1: with money, and I think there's a decent chance she's

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Speaker 1: going to be relying on me to get her through

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Speaker 1: her older years financially. And I know, in an ideal world,

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Speaker 1: kids should not be responsible for their parents retirement, but

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Speaker 1: that's just not a reality for me. So my question

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Speaker 1: for you guys is, should I be budgeting now for

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Speaker 1: this expense that I'm likely to incur in the coming years,

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Speaker 1: and if so, what does that look like practically? Should

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Speaker 1: I get an investment property that makes some income now

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Speaker 1: that I can have my mom live in later. Should

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Speaker 1: I just have a savings account that I budget, you know,

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Speaker 1: some money towards every month. Should I take out some

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Speaker 1: sort of insurance policy. I'm just not sure what this

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Speaker 1: looks like or how to prioritize it, giving my other

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Speaker 1: competing financial goals, you know, paying off student lawn debt,

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Speaker 1: saving for our kids, saving for our retirement, that sort

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Speaker 1: of thing. So if you have thoughts on this, I'd

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Speaker 1: really appreciate hearing them. Thanks bye, Katie. That's a great question.

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Speaker 1: I think Matt and I have some good advice that

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Speaker 1: will help you out. But first I just want to

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Speaker 1: mention you're from Great Falls, Montana. That is where my

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Speaker 1: mom is from. Seriously, again, yeah, didn't we already have

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Speaker 1: a question at some point where somebody was from Montana

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Speaker 1: and you said that's where your mom was from. Well,

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Speaker 1: my mom is from Montana, yes, And I think we

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Speaker 1: had someone donate beers from Montana and so I mentioned

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Speaker 1: it from Falls. But my mom is specifically from the

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Speaker 1: town of Great Falls. So yeah, little inside Joel trivia

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Speaker 1: there we speaking of Montana trivia. I just recently learned

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Speaker 1: that the entire state has the area code four oh six.

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Speaker 1: They have one area code for the whole state. Yeah,

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Speaker 1: and that crazy. So we say that because Atlanta is

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Speaker 1: four or four, we have like eight area codes. Yeah,

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Speaker 1: and that one area code doesn't even cover all Atlanta,

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Speaker 1: so it's quite a departure to see that. Yeah, an

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Speaker 1: entire massive state like amazing Montana has one beautiful area code.

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Speaker 1: Makes it easy. I gotta love it. Alright, alright, so

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Speaker 1: let's get to Katie's actual question, actual question. Alright. So,

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Speaker 1: kids being responsible for their parents in retirement, Man, that

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Speaker 1: is becoming a reality more and more so for lots

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Speaker 1: of folks as lifespans have lengthened and parents just haven't

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Speaker 1: properly saved for retirement. Social Security typically only gets most

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Speaker 1: folks so far. But Katie, before you start saving specifically

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Speaker 1: for your mom for her future, Matt and I think

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Speaker 1: you need to start the conversation with her. You need

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Speaker 1: to open up a dialogue. And I hear what you're saying.

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Speaker 1: You said she's terrible with money, but there's a chance

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Speaker 1: that she's in a much better place than you think,

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Speaker 1: and you actually might be able to help her plan

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Speaker 1: a little bit now. And we think that you should

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Speaker 1: check out episode one fourteen where we talked to I

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Speaker 1: was gonna say Cameron's episode was fantastic. Yeah, that would be.

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Speaker 1: I think I'd be really helpful in helping Katie kind

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Speaker 1: of get those lines of communication opened. And Katie, by

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Speaker 1: the way, it sounded like I think I heard you

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Speaker 1: have a little baby in your arms, which congratulations, babies

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Speaker 1: are awesome. But I think also that means that your

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Speaker 1: mom probably isn't really really old, and she's probably got

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Speaker 1: a timeframe, a window in which she can make some

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Speaker 1: changes in which she can start getting ready. Joe's going

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Speaker 1: all like Benedict Commer Batch, like Sherlock wasn't like a

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Speaker 1: little little clues on the audio. I am, I am,

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Speaker 1: but that's so true though. I think I heard it,

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Speaker 1: and I think what you're saying is is so true. Yeah.

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Speaker 1: I mean, if you have a small baby and your

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Speaker 1: mom is still in her working lifetime, which she really

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Speaker 1: might be, then there is a chance for her to

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Speaker 1: make some changes, and I think you can help her

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Speaker 1: with that. Man totally, Yeah, Katie, talking through your mom's needs,

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Speaker 1: I think that can give you both direction on what

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Speaker 1: steps to take next. Right Like, the idea is to

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Speaker 1: be working as a team to create these goals, to

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Speaker 1: create a game plan for you all to be on

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Speaker 1: the same page, and to also to minimize resentment. Right Like,

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Speaker 1: after you can set those goals, maybe you can both

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Speaker 1: even agree to something almost like a match where if

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Speaker 1: you both agree that you're going to contribute a certain amount,

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Speaker 1: you know that you both are working towards this the

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Speaker 1: common goal. So that way it doesn't necessarily feel like

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Speaker 1: you're completely carrying her on your back, right, Just like

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Speaker 1: Joel said, it sounds like she might have a lot

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Speaker 1: of working years ahead of her, or at least maybe

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Speaker 1: some changes that she can make to her spending habits

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Speaker 1: and patterns. I know that may not necessarily be easy,

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Speaker 1: but you never know, Like having that conversation is the

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Speaker 1: first step in that direction. Yeah, and she might have

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Speaker 1: a terrible spending problem, that's what That's what I'm guessing.

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Speaker 1: But but she also might randomly have a good bit

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Speaker 1: of money in a retirement account because her employer provided

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Speaker 1: a sweet match and she put in the base amount

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Speaker 1: and you just never knew that. So there could be

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Speaker 1: this information that you just haven't uncovered, and she could

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Speaker 1: be in a better position than you thought. She might

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Speaker 1: have a pension from a previous employer. There are all

429
00:19:39,680 --> 00:19:41,760
Speaker 1: these things under the service that you just might not

430
00:19:41,840 --> 00:19:44,240
Speaker 1: know about because you haven't asked yet. And so yeah,

431
00:19:44,280 --> 00:19:46,640
Speaker 1: opening those lines of communication and starting to kind of

432
00:19:46,800 --> 00:19:50,080
Speaker 1: dig deeper and find out what her financial situation actually

433
00:19:50,119 --> 00:19:52,320
Speaker 1: looks like it's going to be helpful. And you mentioned

434
00:19:52,400 --> 00:19:55,560
Speaker 1: the possibility of like an investment property nearby, and that

435
00:19:55,600 --> 00:19:57,720
Speaker 1: could be great. For instance, I feel like I mentioned

436
00:19:57,720 --> 00:19:59,440
Speaker 1: it a couple of times recently, but I'm looking into

437
00:19:59,680 --> 00:20:02,600
Speaker 1: an a to you, an accessory dwelling unit which is

438
00:20:02,640 --> 00:20:04,760
Speaker 1: gonna work for me in my backyard for short term

439
00:20:04,760 --> 00:20:07,280
Speaker 1: investing goals, but then it's gonna work for for long

440
00:20:07,400 --> 00:20:10,160
Speaker 1: term needs of aging parents, And something like that could

441
00:20:10,200 --> 00:20:12,479
Speaker 1: make sense for you depending on the needs that your

442
00:20:12,520 --> 00:20:14,560
Speaker 1: mom is going to have. But I think it's important, Matt,

443
00:20:14,560 --> 00:20:17,080
Speaker 1: for us to to mention and to stress that, whether

444
00:20:17,200 --> 00:20:19,640
Speaker 1: or not you do end up doing something like buying

445
00:20:19,680 --> 00:20:22,200
Speaker 1: an investment property or building a tiny house in your

446
00:20:22,280 --> 00:20:25,040
Speaker 1: yard for your mom's future, or even whether you just

447
00:20:25,080 --> 00:20:27,080
Speaker 1: start setting aside a little bit of money every month

448
00:20:27,320 --> 00:20:30,919
Speaker 1: for her future retirement needs, be careful to not forsake

449
00:20:30,960 --> 00:20:34,119
Speaker 1: your own goals and those important debt payoff milestones in

450
00:20:34,160 --> 00:20:36,679
Speaker 1: your life. It's hard to get your own finances in

451
00:20:36,960 --> 00:20:40,080
Speaker 1: good shape, much less take care of aging parents and

452
00:20:40,359 --> 00:20:43,280
Speaker 1: little kiddo's running around, right, Matt, and I definitely know

453
00:20:43,359 --> 00:20:46,600
Speaker 1: how that feels, too. Striking that balance is very important.

454
00:20:46,760 --> 00:20:48,919
Speaker 1: While you want to help your mom, it might not

455
00:20:49,000 --> 00:20:52,520
Speaker 1: necessarily be your money right now that she needs. It

456
00:20:52,600 --> 00:20:55,400
Speaker 1: might be just kind of helping her walk through this. Yeah,

457
00:20:55,680 --> 00:20:58,160
Speaker 1: hopefully you are finding this encouraging, right, because we think

458
00:20:58,200 --> 00:20:59,960
Speaker 1: this is pretty awesome that you are taking care of

459
00:21:00,000 --> 00:21:02,160
Speaker 1: your mom. This is really generous. This is a great

460
00:21:02,200 --> 00:21:04,159
Speaker 1: way for you to honor her, and so best of

461
00:21:04,240 --> 00:21:06,240
Speaker 1: luck to you, because we know that these conversations are

462
00:21:06,280 --> 00:21:09,160
Speaker 1: not always easy, in particularly if you haven't had those

463
00:21:09,200 --> 00:21:12,920
Speaker 1: lines of communication open already regarding money. So definitely start

464
00:21:12,960 --> 00:21:14,960
Speaker 1: there and good luck. All right, matt Let's get to

465
00:21:14,960 --> 00:21:19,919
Speaker 1: our next question. This one comes all the way from Espana. Hey, guys,

466
00:21:20,080 --> 00:21:24,760
Speaker 1: this is Clark from Barcelona. Surely your biggest fan here,

467
00:21:26,119 --> 00:21:29,240
Speaker 1: probably your biggest fan in Span and possibly your biggest

468
00:21:29,280 --> 00:21:34,159
Speaker 1: fan in Europe. Really enjoyed the podcast. It's help me

469
00:21:34,200 --> 00:21:37,640
Speaker 1: get my affairs in order. I did have one question though,

470
00:21:38,000 --> 00:21:41,960
Speaker 1: for both of you about how you manage day to

471
00:21:42,040 --> 00:21:47,520
Speaker 1: day your financial affairs. Let's say I've been struggling with

472
00:21:48,000 --> 00:21:50,919
Speaker 1: receipts and whether I need to scan them and if

473
00:21:50,960 --> 00:21:53,880
Speaker 1: that represents a duplication of effort later when I need

474
00:21:53,920 --> 00:21:57,680
Speaker 1: to do my financial reporting. Curious to know how you,

475
00:21:57,920 --> 00:22:02,919
Speaker 1: in particular Matthew, handles this issue. Keep the good stuff

476
00:22:02,920 --> 00:22:06,520
Speaker 1: coming and thank you by thanks for your support. Clark,

477
00:22:06,600 --> 00:22:08,440
Speaker 1: Thanks for being a big fan, and thanks for your question.

478
00:22:08,480 --> 00:22:10,240
Speaker 1: All right, let's get to the answer. Though. To Clark,

479
00:22:10,440 --> 00:22:13,320
Speaker 1: businesses always want to make sure that they're backing up

480
00:22:13,440 --> 00:22:16,920
Speaker 1: their deductible expenses with receipts. You want to be able

481
00:22:17,000 --> 00:22:18,639
Speaker 1: to have that proof in case the I R. S

482
00:22:18,640 --> 00:22:21,879
Speaker 1: comes knocking. But I'm pretty sure you're asking this question

483
00:22:21,920 --> 00:22:24,399
Speaker 1: from an individual standpoint, and there are good reasons that

484
00:22:24,400 --> 00:22:27,000
Speaker 1: you want to keep receipts as an individual as well.

485
00:22:27,280 --> 00:22:28,800
Speaker 1: And this is also some of you're filing a tax

486
00:22:28,800 --> 00:22:30,679
Speaker 1: return in the States, and so that's how we're going

487
00:22:30,760 --> 00:22:32,840
Speaker 1: to answer it. But you know, we were talking earlier

488
00:22:32,880 --> 00:22:35,480
Speaker 1: in this episode about an hs A. In episode one

489
00:22:35,480 --> 00:22:38,399
Speaker 1: oh five, we talked about how you can withdraw money

490
00:22:38,520 --> 00:22:42,160
Speaker 1: tax free for years and even decades down the road,

491
00:22:42,720 --> 00:22:45,800
Speaker 1: but only if you have the receipts to prove it.

492
00:22:45,920 --> 00:22:48,679
Speaker 1: So that right, there is a great reason to make

493
00:22:48,720 --> 00:22:51,119
Speaker 1: sure that you're hanging onto receipts, especially those receipts that

494
00:22:51,119 --> 00:22:54,399
Speaker 1: are related to healthcare expenses. Yeah, it's also important to

495
00:22:54,560 --> 00:22:57,320
Speaker 1: keep receipts for purchases you've made, especially if you want

496
00:22:57,320 --> 00:22:59,760
Speaker 1: to make a return, but also to take advantage of

497
00:22:59,760 --> 00:23:03,200
Speaker 1: many facturers warranties and credit card price matching, dull. You

498
00:23:03,240 --> 00:23:06,320
Speaker 1: need those receipts to take advantage of those credit card benefits.

499
00:23:06,600 --> 00:23:09,679
Speaker 1: And also, I am thinking of maintenance to a vehicle.

500
00:23:09,920 --> 00:23:11,959
Speaker 1: If you have all the receipts from every time you

501
00:23:11,960 --> 00:23:13,679
Speaker 1: took your car into the shop to get worked on,

502
00:23:13,720 --> 00:23:15,719
Speaker 1: whether it be oil changes and all that action, man,

503
00:23:15,720 --> 00:23:17,679
Speaker 1: that's gonna really look good when it comes time to

504
00:23:17,680 --> 00:23:20,000
Speaker 1: sell that vehicle. You know you've got a potential buyer.

505
00:23:20,040 --> 00:23:22,200
Speaker 1: And by the way, you've also got this beautiful folder

506
00:23:22,240 --> 00:23:24,520
Speaker 1: with all your receipts laid out with the dates. Yeah,

507
00:23:24,560 --> 00:23:26,359
Speaker 1: by the way, I can prove my oil was changed

508
00:23:26,440 --> 00:23:28,639
Speaker 1: every five thousand miles exactly. You've got the proof right

509
00:23:28,640 --> 00:23:30,760
Speaker 1: there that gives you a little more bargaining power and

510
00:23:30,840 --> 00:23:33,520
Speaker 1: can increase the resale yeah, Clark. And if you're predominantly

511
00:23:33,600 --> 00:23:36,879
Speaker 1: using cash to make purchases, receipts are really helpful to

512
00:23:36,920 --> 00:23:40,560
Speaker 1: track your personal spending. It's not necessary though, if you're

513
00:23:40,720 --> 00:23:44,000
Speaker 1: using a credit card for most of your transactions. So basically,

514
00:23:44,040 --> 00:23:46,600
Speaker 1: if you're using your receipts as a way of documenting

515
00:23:46,600 --> 00:23:49,399
Speaker 1: your spending because you're doing it in a more manual method,

516
00:23:49,520 --> 00:23:51,879
Speaker 1: well then compiling all your receipts from that day and

517
00:23:52,000 --> 00:23:54,640
Speaker 1: entering them into that booklet you keep, or that app

518
00:23:54,680 --> 00:23:57,520
Speaker 1: like dollar Bird, then that's really helpful. But if you're

519
00:23:57,600 --> 00:24:00,880
Speaker 1: using an app like Mint or wine app that automatically

520
00:24:01,080 --> 00:24:03,760
Speaker 1: import all the spending that you're doing when you're using

521
00:24:03,760 --> 00:24:05,840
Speaker 1: a credit card, then you don't really need to keep

522
00:24:05,840 --> 00:24:09,119
Speaker 1: receipts for that reason. I personally love using those apps

523
00:24:09,280 --> 00:24:12,160
Speaker 1: for tracking spending and making sure that my finances are

524
00:24:12,280 --> 00:24:14,160
Speaker 1: on track on kind of a day to day, week

525
00:24:14,200 --> 00:24:17,479
Speaker 1: to week basis, and that makes holding onto receipts for

526
00:24:17,600 --> 00:24:20,960
Speaker 1: the pure purpose of staying on top of my spending

527
00:24:21,080 --> 00:24:23,600
Speaker 1: just way less important, which is great for me, because

528
00:24:23,680 --> 00:24:25,840
Speaker 1: I hate holding on too receipts. I only keep them

529
00:24:25,840 --> 00:24:29,080
Speaker 1: if it's for one of those other necessary purposes. Yeah clarke.

530
00:24:29,160 --> 00:24:32,000
Speaker 1: But because I'm self employed, I like to keep a

531
00:24:32,160 --> 00:24:35,640
Speaker 1: rolling three months basically of the paper receipts because it's

532
00:24:35,640 --> 00:24:37,320
Speaker 1: just easy for me to kind of have those receipts

533
00:24:37,320 --> 00:24:38,919
Speaker 1: on hand. If there's something I need to return, I

534
00:24:39,040 --> 00:24:41,120
Speaker 1: just pull up in that drawer. And by the way,

535
00:24:41,280 --> 00:24:44,000
Speaker 1: I say three months, because I have room for three

536
00:24:44,240 --> 00:24:48,000
Speaker 1: columns of receipts per month, like it's nothing scientific at all.

537
00:24:48,040 --> 00:24:49,800
Speaker 1: It's literally just what I can fit in my desk drawer.

538
00:24:50,200 --> 00:24:51,919
Speaker 1: But it's easy for me to have that as an option.

539
00:24:52,040 --> 00:24:54,240
Speaker 1: But after those three months, I snap a picture of

540
00:24:54,400 --> 00:24:56,200
Speaker 1: each one of those receipts with just a little point

541
00:24:56,200 --> 00:24:58,120
Speaker 1: and shoot camera that I have on hand, and then

542
00:24:58,240 --> 00:25:00,879
Speaker 1: I trash those paper receipts because the I r S

543
00:25:01,000 --> 00:25:03,760
Speaker 1: they accept digitized receipts, you know. And I use that

544
00:25:03,760 --> 00:25:05,760
Speaker 1: point and shoot because already have it on hand. It's

545
00:25:05,760 --> 00:25:08,600
Speaker 1: easy for me to keep those images separate, and then

546
00:25:08,640 --> 00:25:11,800
Speaker 1: I can say those and it receipts folder on my computer.

547
00:25:12,200 --> 00:25:14,639
Speaker 1: And again I take pictures of everything because I am

548
00:25:14,640 --> 00:25:17,119
Speaker 1: self employed and you never know what exactly the I

549
00:25:17,240 --> 00:25:19,159
Speaker 1: r S is going to want to see proof of.

550
00:25:19,400 --> 00:25:21,919
Speaker 1: But for most individuals who are not self employed, I

551
00:25:21,920 --> 00:25:24,760
Speaker 1: think only keeping those health expense receipts if you have

552
00:25:24,800 --> 00:25:26,879
Speaker 1: an h s ay or for some of those other

553
00:25:26,920 --> 00:25:29,960
Speaker 1: reasons that we mentioned, like taking advantage of the manufacturer's

554
00:25:30,000 --> 00:25:32,359
Speaker 1: warranty and Clark, by the way, if you're looking for

555
00:25:32,480 --> 00:25:35,400
Speaker 1: like some apps that can help you scan those receipts

556
00:25:35,520 --> 00:25:38,200
Speaker 1: and and make it seamless, Matt uses that old school

557
00:25:38,240 --> 00:25:41,000
Speaker 1: point and shoot most people are using their smartphone in

558
00:25:41,040 --> 00:25:42,959
Speaker 1: an app, right, Yeah, Well again, the reason I use

559
00:25:43,119 --> 00:25:44,480
Speaker 1: the point and Shoot is because I have it on

560
00:25:44,560 --> 00:25:46,439
Speaker 1: hand and it's it's just easy for me to kind

561
00:25:46,440 --> 00:25:48,840
Speaker 1: of silo those images there, and it's just fast. It's

562
00:25:48,880 --> 00:25:50,320
Speaker 1: really quick for me to be able to pull up

563
00:25:50,359 --> 00:25:52,760
Speaker 1: that month's worth of receipts just quickly, snap all those

564
00:25:52,760 --> 00:25:55,320
Speaker 1: real quick, all at once. Takes five minutes while I'm

565
00:25:55,320 --> 00:25:56,879
Speaker 1: listening to a podcast. But for those of us in

566
00:25:56,920 --> 00:25:59,679
Speaker 1: the twenty first century, we want to update our methods.

567
00:26:00,000 --> 00:26:01,760
Speaker 1: You might want to use an app like expensive I

568
00:26:02,080 --> 00:26:05,359
Speaker 1: or Genius Scan. I personally use Adobe Scan. I really

569
00:26:05,400 --> 00:26:07,159
Speaker 1: like that. So there are all these great options and

570
00:26:07,160 --> 00:26:09,440
Speaker 1: they're all free. So yeah, whatever it takes in order

571
00:26:09,480 --> 00:26:12,040
Speaker 1: to digitize those receipts and make it easy, whatever works

572
00:26:12,040 --> 00:26:13,680
Speaker 1: for you, make it happen. Yeah. One of the cool

573
00:26:13,720 --> 00:26:15,639
Speaker 1: things about an app like Expensive I Clark is that

574
00:26:15,680 --> 00:26:18,560
Speaker 1: it actually extracts the information from the receipt, so it

575
00:26:18,600 --> 00:26:21,399
Speaker 1: not only digitizes the receipt, but it reads the numbers

576
00:26:21,480 --> 00:26:24,160
Speaker 1: and essentially the app is doing some automatic data entry

577
00:26:24,200 --> 00:26:25,879
Speaker 1: for you, which can be a huge win when it

578
00:26:25,880 --> 00:26:27,960
Speaker 1: comes to your time. All Right, Matt, those are good

579
00:26:27,960 --> 00:26:30,520
Speaker 1: thoughts for our number one super fan. We got a

580
00:26:30,520 --> 00:26:33,160
Speaker 1: couple more questions coming up, including that question about time shares,

581
00:26:33,200 --> 00:26:44,720
Speaker 1: and we'll get to that in just a second. All right, Joel,

582
00:26:44,760 --> 00:26:47,480
Speaker 1: Before we talk about time shares, let's talk about a

583
00:26:47,600 --> 00:26:51,320
Speaker 1: car subscription service, which actually may not be that unlike

584
00:26:51,440 --> 00:26:54,880
Speaker 1: a time share. Oh the foreshadowing. I can't wait. Hey,

585
00:26:54,960 --> 00:26:57,480
Speaker 1: Joel and Matt, this is Alext from Connecticut, and my

586
00:26:57,600 --> 00:27:00,560
Speaker 1: question for you today's stems from our to color Read

587
00:27:00,560 --> 00:27:05,240
Speaker 1: Online stating that Volvo has started a subscription based payment

588
00:27:05,320 --> 00:27:10,600
Speaker 1: plan for one of their new vehicles, basically taking car insurance, service, maintenance,

589
00:27:10,840 --> 00:27:13,440
Speaker 1: roadside assistance, all of that and putting it into one

590
00:27:13,480 --> 00:27:16,760
Speaker 1: package for the consumer. Was wondering what your thoughts on

591
00:27:16,760 --> 00:27:20,000
Speaker 1: this were compared to buying a car normally or leasing.

592
00:27:20,960 --> 00:27:23,399
Speaker 1: And also, if either of you happen to find your

593
00:27:23,440 --> 00:27:26,000
Speaker 1: way over to Connecticut, let me know. We've got plenty

594
00:27:26,119 --> 00:27:28,280
Speaker 1: of great breweries over here, and I'd love to buy

595
00:27:28,320 --> 00:27:32,160
Speaker 1: a beer on Thanks for everything to do with the podcast, Alex,

596
00:27:32,160 --> 00:27:34,720
Speaker 1: only if you drive us there in your new Volvo. Wait, so,

597
00:27:34,800 --> 00:27:36,719
Speaker 1: Alex is not only buying our beer, he's also our

598
00:27:36,800 --> 00:27:39,480
Speaker 1: chauffeur now Wow, that's messed up, dude. No, man, that's

599
00:27:39,480 --> 00:27:41,080
Speaker 1: not how we do. The best way to get to

600
00:27:41,119 --> 00:27:43,359
Speaker 1: a brewery actually is to bike there. That's how we

601
00:27:43,480 --> 00:27:47,000
Speaker 1: roll most definitely. But let's get to Alex's question car

602
00:27:47,040 --> 00:27:49,959
Speaker 1: subscription services, Matt. They are certainly a part of the future,

603
00:27:50,200 --> 00:27:52,240
Speaker 1: and more and more of them are popping up, but

604
00:27:52,320 --> 00:27:55,520
Speaker 1: right now, from everything I've seen, they just cost too much.

605
00:27:55,960 --> 00:27:59,440
Speaker 1: Volvo's current monthly expense for their subscription service is seven

606
00:27:59,480 --> 00:28:02,560
Speaker 1: to eight dollars a month. Cadillac had one that was

607
00:28:04,640 --> 00:28:07,640
Speaker 1: that they had to disband because not enough people were

608
00:28:07,640 --> 00:28:11,320
Speaker 1: signing up. It's gonna be pretty rare circumstances where that

609
00:28:11,400 --> 00:28:14,280
Speaker 1: kind of monthly outlay actually makes sense for people. It

610
00:28:14,560 --> 00:28:17,399
Speaker 1: really is a convenience play as opposed to a way

611
00:28:17,440 --> 00:28:20,280
Speaker 1: of saving money on how you get around town. Yeah.

612
00:28:20,320 --> 00:28:22,159
Speaker 1: I mean that's way more than even the cost of

613
00:28:22,240 --> 00:28:24,879
Speaker 1: leasing those vehicles. So at this point, these new subscription

614
00:28:24,960 --> 00:28:28,240
Speaker 1: models might be the most expensive way to operate a vehicle.

615
00:28:28,359 --> 00:28:30,600
Speaker 1: But what I do love about the sort of subscription

616
00:28:30,680 --> 00:28:32,600
Speaker 1: model is that it shifts the way of thinking of

617
00:28:32,680 --> 00:28:36,080
Speaker 1: a vehicle as a quote unquote investment, and instead it

618
00:28:36,119 --> 00:28:39,560
Speaker 1: gets lumped into the category of other subscriptions that you

619
00:28:39,720 --> 00:28:42,800
Speaker 1: have right like Netflix or a gym membership. It's a

620
00:28:42,840 --> 00:28:46,160
Speaker 1: consumable at that point. And with a subscription, it's harder

621
00:28:46,160 --> 00:28:49,720
Speaker 1: to trick yourself into thinking that you're investing your money

622
00:28:49,760 --> 00:28:52,360
Speaker 1: by spending it on a vehicle, like you actually have

623
00:28:52,440 --> 00:28:54,479
Speaker 1: to own up to what it actually is, which is

624
00:28:54,520 --> 00:28:56,840
Speaker 1: a luxury. This is just part of your lifestyle. You're

625
00:28:56,880 --> 00:29:00,800
Speaker 1: not investing quote unquote investing in a vehicle. Yeah. I

626
00:29:00,800 --> 00:29:02,960
Speaker 1: think it's a good point, and I actually think that

627
00:29:03,080 --> 00:29:06,719
Speaker 1: these car subscription services have a future. They're brand new

628
00:29:06,840 --> 00:29:08,920
Speaker 1: right now, and so the price points are really high,

629
00:29:09,200 --> 00:29:11,440
Speaker 1: and nobody has figured out how to run one of

630
00:29:11,440 --> 00:29:14,400
Speaker 1: these subscription services really well. And a lot of them

631
00:29:14,440 --> 00:29:17,080
Speaker 1: are only being offered in specific cities as well, so

632
00:29:17,080 --> 00:29:18,960
Speaker 1: they are in this test pilot stage as they're working

633
00:29:18,960 --> 00:29:21,040
Speaker 1: out the kinks. Yeah, so I look forward to this

634
00:29:21,120 --> 00:29:24,440
Speaker 1: being a potential great option someday once those kinks are

635
00:29:24,440 --> 00:29:26,960
Speaker 1: worked out and once the price points have come down.

636
00:29:27,280 --> 00:29:29,040
Speaker 1: But right now, I would say look at other low

637
00:29:29,080 --> 00:29:31,840
Speaker 1: cost car sharing services. So let's say, if you live

638
00:29:31,840 --> 00:29:35,400
Speaker 1: close to work, consider taking Uber or lift, riding your bike,

639
00:29:35,560 --> 00:29:38,320
Speaker 1: or using something like Ways car pool. That's something I

640
00:29:38,400 --> 00:29:40,920
Speaker 1: really plan on trying soon. Matt ways carpool is a

641
00:29:40,920 --> 00:29:42,680
Speaker 1: whole lot cheaper than Uber and left. They're trying to

642
00:29:42,720 --> 00:29:45,680
Speaker 1: match people going from a similar part of town heading

643
00:29:45,720 --> 00:29:48,920
Speaker 1: towards another similar part of town, and basically by charging

644
00:29:49,000 --> 00:29:51,880
Speaker 1: riders just that I r s per mile rate, it

645
00:29:51,960 --> 00:29:54,160
Speaker 1: lowers your cost and it also just makes it easier

646
00:29:54,200 --> 00:29:56,280
Speaker 1: to pair people up. So I really like the idea

647
00:29:56,320 --> 00:29:58,280
Speaker 1: behind waste carpool, and I really hope to try it

648
00:29:58,280 --> 00:29:59,920
Speaker 1: out at some point. In my mind, it's one of

649
00:29:59,920 --> 00:30:02,400
Speaker 1: the those things that could allow our family to potentially

650
00:30:02,400 --> 00:30:05,040
Speaker 1: become a one car family when we do face those

651
00:30:05,080 --> 00:30:08,120
Speaker 1: like rainy days or terribly cold days where I don't

652
00:30:08,120 --> 00:30:10,239
Speaker 1: feel like biking in. But for Alex, I think it's

653
00:30:10,280 --> 00:30:12,760
Speaker 1: important to note that there are other potential lower cost

654
00:30:12,800 --> 00:30:15,320
Speaker 1: ways to get around than one of those kind of

655
00:30:15,360 --> 00:30:18,920
Speaker 1: expensive monthly car subscription services. For the most part, they're

656
00:30:18,920 --> 00:30:21,800
Speaker 1: more expensive even than leasing, and so buying a solid

657
00:30:21,880 --> 00:30:23,920
Speaker 1: use car is still going to be the much better

658
00:30:24,160 --> 00:30:27,400
Speaker 1: affordable option to keep your car expenses low right, to

659
00:30:27,440 --> 00:30:30,160
Speaker 1: keep your transportation costs down. Other Joel, I found one

660
00:30:30,200 --> 00:30:31,959
Speaker 1: that I think you would like. There's this company out

661
00:30:32,000 --> 00:30:34,760
Speaker 1: in l A that's called Borrow and they specialize in

662
00:30:34,920 --> 00:30:38,920
Speaker 1: electric vehicles only, and they only cost four hundred dollars

663
00:30:38,920 --> 00:30:40,600
Speaker 1: a month. What do you think about that? It's a

664
00:30:40,600 --> 00:30:43,719
Speaker 1: little more affordable electric cars only. But again it's only

665
00:30:43,760 --> 00:30:45,959
Speaker 1: a test pilot, so it's only in l A. But

666
00:30:46,000 --> 00:30:48,400
Speaker 1: I could totally see you geeking out about a fully

667
00:30:48,520 --> 00:30:51,880
Speaker 1: electric car borrowing service, right, yeah, totally. I mean I

668
00:30:51,960 --> 00:30:54,440
Speaker 1: love electric cars and that's pretty much all I want

669
00:30:54,480 --> 00:30:56,560
Speaker 1: to drive. When I gave up my old school niece

670
00:30:56,600 --> 00:30:58,600
Speaker 1: on Ultimo, which was a stick shift, I said, the

671
00:30:58,640 --> 00:31:01,040
Speaker 1: only way I'm doing this is if driving an electric car,

672
00:31:01,080 --> 00:31:04,240
Speaker 1: if only I can drive a golf cart. But it's

673
00:31:04,280 --> 00:31:07,000
Speaker 1: it's like the driving experience is just so much fun

674
00:31:07,360 --> 00:31:10,160
Speaker 1: for my experience compared to just a regular traditional gas car.

675
00:31:10,440 --> 00:31:12,360
Speaker 1: But yeah, I love that, see look at a price

676
00:31:12,360 --> 00:31:15,360
Speaker 1: point of four dollars. Already, we're starting to see pilot

677
00:31:15,440 --> 00:31:18,640
Speaker 1: programs getting started that are going to lower the cost

678
00:31:18,680 --> 00:31:20,920
Speaker 1: of these car sharing services. I think it is going

679
00:31:20,960 --> 00:31:22,560
Speaker 1: to become more of the model. I mean, we've seen

680
00:31:22,640 --> 00:31:25,560
Speaker 1: zip car, Touro has taken off. There are other models

681
00:31:25,560 --> 00:31:27,520
Speaker 1: that are being tested out that are lowering the cost.

682
00:31:27,560 --> 00:31:29,560
Speaker 1: And I'm just really interested to see what comes along

683
00:31:29,600 --> 00:31:31,960
Speaker 1: in the next three, four or five years, because there

684
00:31:32,000 --> 00:31:34,200
Speaker 1: are going to be lower cost options for us where

685
00:31:34,240 --> 00:31:36,000
Speaker 1: we don't have to own a car, but we also

686
00:31:36,040 --> 00:31:37,960
Speaker 1: don't have to like pay out the nose in order

687
00:31:38,000 --> 00:31:41,360
Speaker 1: to have a fancy car at our disposal of the time.

688
00:31:41,600 --> 00:31:44,760
Speaker 1: But yeah, ultimately, Alex, buying a solid use car is

689
00:31:44,760 --> 00:31:46,880
Speaker 1: still the best option to keep your car costs low,

690
00:31:47,200 --> 00:31:50,640
Speaker 1: but that might not be the case indefinitely into the future.

691
00:31:50,960 --> 00:31:53,880
Speaker 1: I love that you're considering something like a car subscription service,

692
00:31:53,960 --> 00:31:56,440
Speaker 1: but it just doesn't seem to make financial sense quite

693
00:31:56,520 --> 00:31:58,800
Speaker 1: yet for most people. All Right, Joel, Our last question

694
00:31:58,880 --> 00:32:01,560
Speaker 1: is from someone who has had some positive experiences from

695
00:32:01,600 --> 00:32:04,400
Speaker 1: time shares. Let's hear this question. Hi, my name s

696
00:32:04,400 --> 00:32:08,000
Speaker 1: e Ved. I'm from Normal, California. I was curious about

697
00:32:08,200 --> 00:32:12,000
Speaker 1: time shares, so growing up I had family members who

698
00:32:12,040 --> 00:32:14,760
Speaker 1: had time shares. My parents also had one. We used

699
00:32:14,760 --> 00:32:17,880
Speaker 1: to stay at a pretty cool resort in Vegas, so

700
00:32:18,000 --> 00:32:20,640
Speaker 1: I always thought it was a pretty sweet deal. But

701
00:32:20,720 --> 00:32:23,240
Speaker 1: now as an adult, all I hear are negative things

702
00:32:23,280 --> 00:32:26,080
Speaker 1: about time shares. I even got roped into one of

703
00:32:26,080 --> 00:32:28,560
Speaker 1: those those meetings where they offer you a discounted rate

704
00:32:28,600 --> 00:32:30,360
Speaker 1: as long as you go to this two hour meeting,

705
00:32:31,160 --> 00:32:34,760
Speaker 1: and it seemed like a pretty big commitment, so I

706
00:32:34,840 --> 00:32:38,960
Speaker 1: did not buy into their their program. If you have

707
00:32:38,960 --> 00:32:41,480
Speaker 1: any insight on that, that'd be great. Thanks to love

708
00:32:41,560 --> 00:32:44,760
Speaker 1: the podcast, oh Man Vett Joel. She just mentioned getting

709
00:32:44,800 --> 00:32:47,280
Speaker 1: ripped into one of those timeshare presentations. Did I tell

710
00:32:47,280 --> 00:32:49,080
Speaker 1: you by the time we went to one of those

711
00:32:49,080 --> 00:32:51,920
Speaker 1: in college over spring break? You did? But I don't

712
00:32:51,920 --> 00:32:53,640
Speaker 1: know if you've told the story on the podcast. I

713
00:32:53,640 --> 00:32:55,720
Speaker 1: think she let folks know. I mean, that's a long story,

714
00:32:55,760 --> 00:32:57,480
Speaker 1: but basically we went to one of those because we

715
00:32:57,560 --> 00:32:59,960
Speaker 1: heard that you could get free breakfast, including the most

716
00:33:00,040 --> 00:33:02,880
Speaker 1: does which was nice, and a one hundred dollar visa

717
00:33:02,960 --> 00:33:04,840
Speaker 1: check card. So we totally went to one of those,

718
00:33:04,920 --> 00:33:07,600
Speaker 1: not exactly know what we were signing up for. You know,

719
00:33:07,640 --> 00:33:10,000
Speaker 1: we we told the lady halfway through the presentation that, oh,

720
00:33:10,040 --> 00:33:12,120
Speaker 1: I'm sorry, like we have no way of signing up

721
00:33:12,120 --> 00:33:14,200
Speaker 1: and paying for one of these, but she still bought

722
00:33:14,240 --> 00:33:16,720
Speaker 1: us breakfast and still honored the agreement, which was the

723
00:33:16,800 --> 00:33:18,720
Speaker 1: hundred dollar gift card. So once we address that and

724
00:33:18,760 --> 00:33:20,440
Speaker 1: kind of got past that, we ended up still having

725
00:33:20,480 --> 00:33:23,480
Speaker 1: a lovely little breakfast with that agent. There in Miami

726
00:33:23,520 --> 00:33:25,720
Speaker 1: and hearing all about real estate. I will say that's

727
00:33:25,720 --> 00:33:27,920
Speaker 1: about the best kind of story you hear from a

728
00:33:27,920 --> 00:33:31,280
Speaker 1: time share presentation. Usually it's it's heartache and tears, and

729
00:33:31,320 --> 00:33:33,240
Speaker 1: it's a lot of years of being strapped to a

730
00:33:33,280 --> 00:33:36,120
Speaker 1: payment for something that you're not getting the use out

731
00:33:36,160 --> 00:33:37,880
Speaker 1: of it you hoped. And so that this is a

732
00:33:37,880 --> 00:33:40,440
Speaker 1: really good question. I gotta say that the reason you're

733
00:33:40,520 --> 00:33:44,040
Speaker 1: mostly hearing negative experiences as an adult about time shares,

734
00:33:44,600 --> 00:33:46,400
Speaker 1: there there's a good reason behind that. And so I

735
00:33:46,400 --> 00:33:48,440
Speaker 1: gotta say, I'm glad you didn't buy that time share

736
00:33:48,520 --> 00:33:51,600
Speaker 1: crisis averted because time shares are the worst. The upfront

737
00:33:51,640 --> 00:33:54,760
Speaker 1: price tag is often insane, and the cost that you

738
00:33:54,760 --> 00:33:57,040
Speaker 1: incur from a time share stick with you no matter what.

739
00:33:57,360 --> 00:33:59,960
Speaker 1: Matt got lucky in his sales presentation. But these sales

740
00:34:00,040 --> 00:34:03,320
Speaker 1: pitches and tactics are so pushy because time shares are sold,

741
00:34:03,320 --> 00:34:06,240
Speaker 1: they're not bought. There are massive fees, and there's really

742
00:34:06,240 --> 00:34:09,000
Speaker 1: no secondary market to sell your time share and recoup

743
00:34:09,040 --> 00:34:11,440
Speaker 1: your money if you decide that it's not working for

744
00:34:11,480 --> 00:34:13,800
Speaker 1: you any longer. So you might not only be paying

745
00:34:13,800 --> 00:34:15,960
Speaker 1: for that upfront cost for years to come, but the

746
00:34:16,000 --> 00:34:18,880
Speaker 1: annual maintenance eas never stop either, and so a timeshare

747
00:34:18,920 --> 00:34:22,080
Speaker 1: can be a massive drain on your finances. And to

748
00:34:22,120 --> 00:34:23,879
Speaker 1: be honest, it's even worse than buying a new car

749
00:34:24,000 --> 00:34:27,279
Speaker 1: in the value loss that you get right after purchase. Yeah, man.

750
00:34:27,320 --> 00:34:29,319
Speaker 1: And one of the reasons you can't recoup those costs

751
00:34:29,440 --> 00:34:32,600
Speaker 1: because there's not a secondary market, right There's there's nobody

752
00:34:32,640 --> 00:34:35,240
Speaker 1: that wants to purchase your time share. I think maybe

753
00:34:35,239 --> 00:34:37,399
Speaker 1: once upon a time when time shares sort of first

754
00:34:37,400 --> 00:34:40,040
Speaker 1: came on the scene, they fulfilled an actual need in

755
00:34:40,080 --> 00:34:41,920
Speaker 1: the market, maybe right, Like you could either go to

756
00:34:41,960 --> 00:34:44,359
Speaker 1: a hotel or you could maybe go to this time

757
00:34:44,400 --> 00:34:46,680
Speaker 1: share where you've got this pretty sweet condo. But the

758
00:34:46,840 --> 00:34:50,239
Speaker 1: sort of vacation landscape has changed and you've got things

759
00:34:50,280 --> 00:34:52,880
Speaker 1: now like home Away, you've got v R b oh,

760
00:34:52,960 --> 00:34:56,240
Speaker 1: and now you've got Airbnb where there's lots of amazing

761
00:34:56,280 --> 00:34:58,520
Speaker 1: options for you to go on vacation where you don't

762
00:34:58,600 --> 00:35:01,400
Speaker 1: have to pay tons of money and commit to a

763
00:35:01,400 --> 00:35:03,759
Speaker 1: specific location. That's the other thing with time shares as well,

764
00:35:03,840 --> 00:35:06,200
Speaker 1: is that you're agreeing to go to this one specific

765
00:35:06,200 --> 00:35:09,279
Speaker 1: spot year after year in order to make it worth

766
00:35:09,280 --> 00:35:11,279
Speaker 1: your money. Because you pay those upfront fees, and the

767
00:35:11,320 --> 00:35:14,200
Speaker 1: longer that you're able to continue to visit that condo

768
00:35:14,360 --> 00:35:17,480
Speaker 1: or whatever it is, essentially the cost per visit decreases,

769
00:35:17,680 --> 00:35:20,640
Speaker 1: so you're sort of almost handcuffing yourself to a specific location.

770
00:35:21,040 --> 00:35:22,960
Speaker 1: And really, man, that's just the biggest downside for me

771
00:35:23,040 --> 00:35:25,080
Speaker 1: is that there are just so many new places that

772
00:35:25,160 --> 00:35:27,360
Speaker 1: I would love to see instead of going to, you know,

773
00:35:27,400 --> 00:35:29,760
Speaker 1: the same condo. Yeah, I think that's a really important

774
00:35:29,760 --> 00:35:32,879
Speaker 1: consideration to make. I think some people maybe do want

775
00:35:32,880 --> 00:35:34,680
Speaker 1: to go to the same place year after year. But

776
00:35:34,760 --> 00:35:36,799
Speaker 1: even still, I don't think a time share is the

777
00:35:36,800 --> 00:35:39,440
Speaker 1: best idea for folks. But if you really really do

778
00:35:39,640 --> 00:35:41,879
Speaker 1: want to purchase a time share event, I think it's

779
00:35:41,880 --> 00:35:44,560
Speaker 1: really important for you to consider renting a place first

780
00:35:45,000 --> 00:35:47,480
Speaker 1: where you're considering buying, and then if you love it,

781
00:35:47,520 --> 00:35:49,279
Speaker 1: if it works out really really well for you and

782
00:35:49,320 --> 00:35:51,120
Speaker 1: you really do want to have a time share at

783
00:35:51,120 --> 00:35:54,440
Speaker 1: that place, well you should definitely buy that time share

784
00:35:54,440 --> 00:35:57,280
Speaker 1: on the used market. Because we just mentioned the prohibitive

785
00:35:57,320 --> 00:35:59,680
Speaker 1: cost of buying a time share, Well, there are so

786
00:35:59,719 --> 00:36:01,839
Speaker 1: many people trying to get out from under a time

787
00:36:01,840 --> 00:36:04,239
Speaker 1: share that they've purchased that they are for sale for

788
00:36:04,520 --> 00:36:07,920
Speaker 1: a dollar or a penny on the used market crazy,

789
00:36:08,000 --> 00:36:09,719
Speaker 1: and so will link to a couple of sites where

790
00:36:09,719 --> 00:36:12,680
Speaker 1: you can find time share listings where people are listing

791
00:36:12,680 --> 00:36:15,400
Speaker 1: their time share for literally just pennies on the dollar,

792
00:36:15,719 --> 00:36:17,400
Speaker 1: just trying to get out from under them, trying to

793
00:36:17,400 --> 00:36:19,080
Speaker 1: get rid of them. And if that doesn't say a

794
00:36:19,120 --> 00:36:21,480
Speaker 1: whole lot about the industry as a whole and about

795
00:36:21,480 --> 00:36:24,359
Speaker 1: the idea of spending big money in order to get

796
00:36:24,360 --> 00:36:27,239
Speaker 1: a time share, I don't know what does. Unhappy customers

797
00:36:27,400 --> 00:36:30,320
Speaker 1: trying to unload them for almost nothing to me flashes

798
00:36:30,360 --> 00:36:32,600
Speaker 1: like this warning sign to stay away. But if you're

799
00:36:32,600 --> 00:36:34,560
Speaker 1: gonna do it, at least get a deal and buy

800
00:36:34,600 --> 00:36:36,279
Speaker 1: it super cheap. You can. You can even buy them

801
00:36:36,280 --> 00:36:39,440
Speaker 1: on eBay, Matt. People are selling their time shares on eBay,

802
00:36:39,480 --> 00:36:40,960
Speaker 1: which is crazy. I mean, you just type in time

803
00:36:40,960 --> 00:36:43,279
Speaker 1: share and you'll see tons and tons of listings. But

804
00:36:43,360 --> 00:36:46,279
Speaker 1: a site like the Timeshare Users Group or vacation can

805
00:36:46,320 --> 00:36:49,160
Speaker 1: really help you drill down into specific locations and specific

806
00:36:49,200 --> 00:36:51,759
Speaker 1: time shares that you are more interested in. Well, Joe,

807
00:36:51,880 --> 00:36:53,680
Speaker 1: you know you mentioned, you know, maybe snacking a place

808
00:36:53,680 --> 00:36:55,320
Speaker 1: for a penny. Well, to me, like that sounds like

809
00:36:55,360 --> 00:36:57,879
Speaker 1: a deal, right, And even though you may be able

810
00:36:57,920 --> 00:37:01,239
Speaker 1: to skirt those initial upfront fees, you're still going to

811
00:37:01,320 --> 00:37:04,680
Speaker 1: have those annual expenses and those expenses are only going

812
00:37:04,760 --> 00:37:07,000
Speaker 1: up and you don't have control over those. So no

813
00:37:07,040 --> 00:37:10,600
Speaker 1: matter what, be sure to avoid those timeshare presentations. If

814
00:37:10,600 --> 00:37:12,759
Speaker 1: you really want to consider getting a time share, just

815
00:37:12,800 --> 00:37:16,279
Speaker 1: never pay full price for an asset that is essentially worthless.

816
00:37:16,640 --> 00:37:19,160
Speaker 1: And even better yet, don't buy a time share at all.

817
00:37:19,200 --> 00:37:22,719
Speaker 1: You can find some awesome places on Airbnb, and if

818
00:37:22,760 --> 00:37:24,560
Speaker 1: that's not your deal, you can also find some great

819
00:37:24,600 --> 00:37:27,080
Speaker 1: deals on a hotel through different sites like price line.

820
00:37:27,120 --> 00:37:30,480
Speaker 1: There's lots of great options. The vacation landscape has changed

821
00:37:30,560 --> 00:37:33,400
Speaker 1: dramatically over the past three or forty years, and really

822
00:37:33,400 --> 00:37:35,920
Speaker 1: time shares are a thing of the past. Yeah, I'm

823
00:37:35,920 --> 00:37:38,440
Speaker 1: glad you enjoyed that time share as a kid. Event.

824
00:37:38,520 --> 00:37:40,279
Speaker 1: Yeah that's probably like prime time, right, Like that may

825
00:37:40,320 --> 00:37:41,919
Speaker 1: have been when time shares were sort of at their peak,

826
00:37:42,080 --> 00:37:44,760
Speaker 1: and maybe they did make like fantastic sense for your parents.

827
00:37:44,960 --> 00:37:47,439
Speaker 1: But yeah, it has changed yea. And you can still

828
00:37:47,440 --> 00:37:49,160
Speaker 1: go back to the same place every year if you

829
00:37:49,160 --> 00:37:51,319
Speaker 1: want without having to have a time share and the

830
00:37:51,400 --> 00:37:54,320
Speaker 1: uncertainty of the fees that accompany it and the massive

831
00:37:54,400 --> 00:37:57,239
Speaker 1: upfront costs my family When we take a vacation, let's

832
00:37:57,239 --> 00:37:59,440
Speaker 1: say to the beach. We tend to rent different places

833
00:37:59,440 --> 00:38:00,920
Speaker 1: every year, but if we really liked the place, we

834
00:38:00,920 --> 00:38:03,319
Speaker 1: can go back to the same spot every single year,

835
00:38:03,560 --> 00:38:05,880
Speaker 1: develop a relationship with that owner, and it wouldn't be

836
00:38:05,880 --> 00:38:07,600
Speaker 1: that big of a deal. You don't have to enter

837
00:38:07,640 --> 00:38:10,160
Speaker 1: into buying a time share in order to vacation at

838
00:38:10,160 --> 00:38:11,799
Speaker 1: the same spot. So if you're looking to kind of

839
00:38:11,800 --> 00:38:14,840
Speaker 1: build those memories in a singular place, even then a

840
00:38:14,880 --> 00:38:17,520
Speaker 1: time share doesn't have to be the answer to that problem. Alright,

841
00:38:17,560 --> 00:38:20,160
Speaker 1: So Vett, best of luck as you move forward in

842
00:38:20,239 --> 00:38:22,960
Speaker 1: making your decision. All buddy, let's get back to the

843
00:38:22,960 --> 00:38:25,160
Speaker 1: beer that we had on this episode. Today on the show,

844
00:38:25,200 --> 00:38:30,000
Speaker 1: we drank Milange number fourteen by the brewery out of California.

845
00:38:30,160 --> 00:38:31,880
Speaker 1: This is a beer I picked up at my local

846
00:38:31,960 --> 00:38:35,360
Speaker 1: favorite bottle shop on Peachtree Street in Atlanta. Man, you

847
00:38:35,360 --> 00:38:37,839
Speaker 1: know that name, Milange number fourteen. It makes me think

848
00:38:37,880 --> 00:38:41,880
Speaker 1: of a love potion, like love Pushing number fourteen, Love

849
00:38:41,920 --> 00:38:45,640
Speaker 1: Push number nine. I know that the song. Yeah, it's

850
00:38:45,640 --> 00:38:47,120
Speaker 1: out of it's it's out of my era. So I

851
00:38:47,120 --> 00:38:49,120
Speaker 1: don't want me to see. But for a period as

852
00:38:49,160 --> 00:38:51,160
Speaker 1: a little kid, I listened to the oldies in the

853
00:38:51,200 --> 00:38:53,680
Speaker 1: town I grew up. It was cool FM. They played

854
00:38:53,719 --> 00:38:55,840
Speaker 1: all the all the classic oldies and because of that,

855
00:38:55,880 --> 00:38:58,000
Speaker 1: I know songs like Love Pushing Number nine. There you go,

856
00:38:58,120 --> 00:38:59,520
Speaker 1: all right, well what do you think of this beer?

857
00:38:59,719 --> 00:39:01,919
Speaker 1: Man really enjoyed this beer, so thank you so much

858
00:39:01,920 --> 00:39:03,520
Speaker 1: for for picking this one up. First of all, this

859
00:39:03,640 --> 00:39:06,480
Speaker 1: poured a crazy dark brown. You don't often see a

860
00:39:06,520 --> 00:39:09,560
Speaker 1: beer this color. To me, it almost had this sort

861
00:39:09,600 --> 00:39:13,440
Speaker 1: of dark date flavor that dried up stone fruit right

862
00:39:13,560 --> 00:39:15,239
Speaker 1: with you know, like the pits are gone and you

863
00:39:15,400 --> 00:39:17,440
Speaker 1: just got the dark fruit. It's much more of a

864
00:39:17,480 --> 00:39:20,400
Speaker 1: moody beer, but without that moody heaviness that comes with that,

865
00:39:20,440 --> 00:39:22,839
Speaker 1: it was still sort of really bright, So it made

866
00:39:22,840 --> 00:39:25,000
Speaker 1: it a lot of fun to drink. Yeah, this beer

867
00:39:25,120 --> 00:39:27,640
Speaker 1: very much exhibited the flavors of an old ale, which

868
00:39:27,680 --> 00:39:29,719
Speaker 1: is one of my favorite styles. But it's such a

869
00:39:29,840 --> 00:39:31,279
Speaker 1: rare kind of beer to find on the shelf. Not

870
00:39:31,360 --> 00:39:34,239
Speaker 1: many people make old ales anymore, And for people that

871
00:39:34,280 --> 00:39:36,960
Speaker 1: don't drink beers often they're like, what is that? And

872
00:39:37,000 --> 00:39:39,080
Speaker 1: it's kind of hard to define. But the style is

873
00:39:39,120 --> 00:39:41,480
Speaker 1: just super interesting and unique. Is that an old beer

874
00:39:41,480 --> 00:39:42,640
Speaker 1: that I find in the back of the fridge at

875
00:39:42,680 --> 00:39:44,840
Speaker 1: the Lakehouse? Like, no, no, that's that's probably not the

876
00:39:44,880 --> 00:39:46,520
Speaker 1: beer that you would to be drinking. That's just bad.

877
00:39:46,560 --> 00:39:48,880
Speaker 1: Don't drink it. But this brewery in particular does a

878
00:39:48,920 --> 00:39:52,040
Speaker 1: lot of great blended beers, and this was a beer

879
00:39:52,080 --> 00:39:54,480
Speaker 1: where they kind of blended two different styles together and

880
00:39:54,520 --> 00:39:56,879
Speaker 1: they made something really excellent. There were a lot of

881
00:39:56,960 --> 00:40:00,120
Speaker 1: oak notes from the barrel that I was getting. I

882
00:40:00,160 --> 00:40:02,160
Speaker 1: was drinking it. It was rich, it was a little

883
00:40:02,200 --> 00:40:04,880
Speaker 1: bit sweet, but not not overly sweet. So this was

884
00:40:04,960 --> 00:40:07,680
Speaker 1: well balanced and also unique at the same time. I

885
00:40:07,680 --> 00:40:09,680
Speaker 1: thought this was just an excellent beer. Man. I was

886
00:40:09,680 --> 00:40:11,279
Speaker 1: glad to get to share this one with you on

887
00:40:11,320 --> 00:40:13,560
Speaker 1: this episode. Yeah, cheers, buddy, thanks for bringing this one over.

888
00:40:13,760 --> 00:40:16,120
Speaker 1: No problem, my friend. Okay, that's gonna do it for

889
00:40:16,200 --> 00:40:18,880
Speaker 1: this episode. If you want to submit a question for

890
00:40:18,960 --> 00:40:22,080
Speaker 1: a future ask htm episode, just go to our website

891
00:40:22,080 --> 00:40:24,799
Speaker 1: how to Money dot com slash ask and there are

892
00:40:24,800 --> 00:40:28,000
Speaker 1: easy directions for you to submit your question in less

893
00:40:28,040 --> 00:40:30,799
Speaker 1: than two minutes, and we would love to consider your

894
00:40:30,880 --> 00:40:33,280
Speaker 1: question for an upcoming episode. And if you haven't already,

895
00:40:33,280 --> 00:40:35,560
Speaker 1: we would love for you to be a subscriber to

896
00:40:35,640 --> 00:40:38,000
Speaker 1: the show, just head over to Apple Podcast. You can

897
00:40:38,040 --> 00:40:41,000
Speaker 1: subscribe to us there, rate and review if you haven't already.

898
00:40:41,000 --> 00:40:44,319
Speaker 1: If you found this episode or this podcast helpful, so Joel,

899
00:40:44,360 --> 00:40:46,719
Speaker 1: I think that's gonna be it. Man. Until next time,

900
00:40:47,480 --> 00:41:00,080
Speaker 1: Best Friends Out, Friends Out m