1 00:00:00,120 --> 00:00:03,200 Speaker 1: Welcome to Had of Money. I'm Joel and I am Matt, 2 00:00:03,279 --> 00:00:07,640 Speaker 1: and today we're talking student loans unforgiven, shamed spenders, and 3 00:00:07,720 --> 00:00:12,480 Speaker 1: geographic arbitrage. 4 00:00:28,280 --> 00:00:30,120 Speaker 2: That's right, buddy, This is our Friday Flight, and we're 5 00:00:30,120 --> 00:00:32,279 Speaker 2: going to talk about the top stories that we came 6 00:00:32,320 --> 00:00:33,080 Speaker 2: across this week. 7 00:00:33,320 --> 00:00:34,600 Speaker 1: No big surprise. 8 00:00:34,640 --> 00:00:36,880 Speaker 2: We are going to spend a minute talking about student 9 00:00:36,920 --> 00:00:39,640 Speaker 2: loans because of course of the impact that the Supreme 10 00:00:39,680 --> 00:00:41,959 Speaker 2: Court decision is going to have on so many Americans, 11 00:00:42,000 --> 00:00:43,760 Speaker 2: so many borrowers out there. 12 00:00:43,800 --> 00:00:45,320 Speaker 1: So, I mean a lot of stuff happened in the 13 00:00:45,400 --> 00:00:48,360 Speaker 1: last week, and especially on Friday after the Friday Flight 14 00:00:48,440 --> 00:00:51,519 Speaker 1: came out, and so there's a week's worth of crazy 15 00:00:51,560 --> 00:00:53,200 Speaker 1: news to catch up on, for sure. 16 00:00:53,280 --> 00:00:55,080 Speaker 2: Well yeah, and we're not going to catch up on 17 00:00:55,080 --> 00:00:56,720 Speaker 2: a full weeks worth of news. But you know, this 18 00:00:56,760 --> 00:00:58,680 Speaker 2: is our Friday flight. It's the sampling of all of 19 00:00:58,920 --> 00:01:01,640 Speaker 2: some of the difference there. Yeah, exactly. Well there was 20 00:01:01,640 --> 00:01:03,120 Speaker 2: a lot of other stuff too. The Supreme Court was 21 00:01:03,160 --> 00:01:04,440 Speaker 2: just the talk of the town, right, But a lot 22 00:01:04,480 --> 00:01:09,160 Speaker 2: of that stuff not really our field of study. So yeah, political, 23 00:01:09,280 --> 00:01:12,080 Speaker 2: it's basically if you yeah, if you're like a legal wonk, 24 00:01:12,319 --> 00:01:15,000 Speaker 2: if you're into following the law. This is like Christmas 25 00:01:15,000 --> 00:01:18,280 Speaker 2: in July because you're felling all of the developments. 26 00:01:18,280 --> 00:01:21,200 Speaker 1: But of course, or maybe Crampus in July, depending on 27 00:01:21,240 --> 00:01:23,760 Speaker 1: your political leanings. But exactly, real quick, I want to 28 00:01:23,760 --> 00:01:25,680 Speaker 1: mention Prime Day is coming up in just a couple 29 00:01:25,680 --> 00:01:27,759 Speaker 1: of days, right, and it is Prime Day has kind 30 00:01:27,760 --> 00:01:30,199 Speaker 1: of become the you're gonna get you get yourself an instapot. 31 00:01:31,040 --> 00:01:34,080 Speaker 1: I hear that that didn't that company fold recently. 32 00:01:33,720 --> 00:01:36,280 Speaker 2: They filed for bankruptcy. Whether or not, I don't know. 33 00:01:36,400 --> 00:01:39,400 Speaker 2: I don't follow differents. They were so hot and they 34 00:01:39,400 --> 00:01:43,280 Speaker 2: were the item of Prime Day for a while twenty seventeen, 35 00:01:43,319 --> 00:01:43,959 Speaker 2: twenty eighteen. 36 00:01:44,000 --> 00:01:46,120 Speaker 1: Not anymore, we do. We still use ours like at 37 00:01:46,200 --> 00:01:48,000 Speaker 1: least once a week. Yeah, Kate, Kate loves them for 38 00:01:48,120 --> 00:01:49,920 Speaker 1: good devices. But I think they had their moment the 39 00:01:49,960 --> 00:01:51,840 Speaker 1: sun and that is no longer. They spread themselves a 40 00:01:51,840 --> 00:01:54,160 Speaker 1: little too thin. Yes, well, okay, I just wanted to say, 41 00:01:54,160 --> 00:01:55,880 Speaker 1: real quick, on Prime Day like it has I think 42 00:01:55,920 --> 00:01:59,360 Speaker 1: become the Black Friday of Midsummer. It's true, but the 43 00:01:59,680 --> 00:02:02,440 Speaker 1: problem is a lot of people spend more money than 44 00:02:02,440 --> 00:02:04,160 Speaker 1: they should on Prime Day. And I'm not against you 45 00:02:04,200 --> 00:02:06,720 Speaker 1: spending money, finding a great deal whatever, But I think 46 00:02:06,720 --> 00:02:09,760 Speaker 1: it's just important to note, Hey, uh, if you don't 47 00:02:09,760 --> 00:02:11,000 Speaker 1: have the budget for it, you might just kind of 48 00:02:11,000 --> 00:02:12,560 Speaker 1: want to stay off the internet for a couple of days. 49 00:02:12,800 --> 00:02:15,280 Speaker 1: And if you do, if you have this this, if 50 00:02:15,320 --> 00:02:17,720 Speaker 1: there's something in particular you have been looking to score 51 00:02:17,720 --> 00:02:19,440 Speaker 1: a deal on, Matt, I am looking to score a 52 00:02:19,520 --> 00:02:24,160 Speaker 1: deal on a Garmin watch because all right, runner boy, 53 00:02:24,320 --> 00:02:25,880 Speaker 1: I know I'm doing more trail running and I want 54 00:02:25,919 --> 00:02:27,360 Speaker 1: to be able to track that stuff, and so I 55 00:02:27,400 --> 00:02:29,399 Speaker 1: love it. That might be I'm not going to buy 56 00:02:29,440 --> 00:02:30,959 Speaker 1: a bunch of stuff, but if I find a deal 57 00:02:31,000 --> 00:02:33,200 Speaker 1: on that, I'll be ready to pounce. And so, yeah, 58 00:02:33,240 --> 00:02:33,960 Speaker 1: have in mind something. 59 00:02:34,000 --> 00:02:36,440 Speaker 2: Maybe don't let Tim talk you into getting one of 60 00:02:36,440 --> 00:02:39,519 Speaker 2: those fancy watch trying to commit. All right, do you 61 00:02:39,560 --> 00:02:41,000 Speaker 2: not carry your phone with you when you go for 62 00:02:41,040 --> 00:02:41,359 Speaker 2: a run. 63 00:02:42,000 --> 00:02:43,639 Speaker 1: Yeah, I do. I put it on a backpack. Yeah, 64 00:02:43,680 --> 00:02:44,040 Speaker 1: so I do. 65 00:02:44,600 --> 00:02:47,120 Speaker 2: For me at least just track, you know, turning on 66 00:02:47,160 --> 00:02:50,000 Speaker 2: Strava or whatever and just using the phone. Yeah, at 67 00:02:50,080 --> 00:02:53,160 Speaker 2: least I've not yet embraced though there are more satellite watch. 68 00:02:53,200 --> 00:02:56,000 Speaker 1: The more things you can track, including heart rate, VO 69 00:02:56,000 --> 00:02:56,919 Speaker 1: two all that kind of stuff. 70 00:02:57,000 --> 00:02:59,680 Speaker 2: Oh look, listen, to you. I don't know what I'm 71 00:02:59,840 --> 00:03:03,080 Speaker 2: sure into a VO two max how much oxygen your 72 00:03:03,120 --> 00:03:04,040 Speaker 2: body is able to. 73 00:03:04,200 --> 00:03:06,400 Speaker 1: Yeah, I love it, dude, Just word of the wise. People. 74 00:03:06,639 --> 00:03:09,160 Speaker 1: Prime Day is totally fine to partake, but do it 75 00:03:09,400 --> 00:03:11,280 Speaker 1: in a balanced way. And the truth is, like a 76 00:03:11,320 --> 00:03:13,520 Speaker 1: lot of retailers are jumping in on this. It's not 77 00:03:13,639 --> 00:03:17,000 Speaker 1: just Amazon. Everybody's like, oh cool, Amazon's doing it. We're 78 00:03:17,000 --> 00:03:18,240 Speaker 1: going to do it too, And so I think there's 79 00:03:18,240 --> 00:03:20,280 Speaker 1: gonna be a lot of temptation out there for people 80 00:03:20,320 --> 00:03:23,160 Speaker 1: to spend more than they otherwise would or could or should. 81 00:03:23,240 --> 00:03:25,320 Speaker 1: And so yeah, just knowe that upfront, and it might 82 00:03:25,360 --> 00:03:28,720 Speaker 1: be best to avoid that temptation altogether, maybe if you 83 00:03:28,720 --> 00:03:30,800 Speaker 1: ain't got the money for it, maybe even unsubscribed from 84 00:03:30,800 --> 00:03:34,040 Speaker 1: the different deal news slick deals, yeah newsletters if you 85 00:03:34,040 --> 00:03:36,560 Speaker 1: get those, because I yeah, they're going to be ramping 86 00:03:36,560 --> 00:03:38,000 Speaker 1: those suckers up. Yeah as well. 87 00:03:38,240 --> 00:03:42,000 Speaker 2: But let's talk about student loans, because student loan forgiveness 88 00:03:42,120 --> 00:03:46,960 Speaker 2: is no more and basically President Biden's blanket ten to 89 00:03:47,040 --> 00:03:49,840 Speaker 2: twenty thousand dollars and student loan forgiveness is not going 90 00:03:49,880 --> 00:03:52,520 Speaker 2: to happen. The ruling was six to three, with some 91 00:03:52,920 --> 00:03:56,360 Speaker 2: there's some spicy pros in there from judges on both sides. 92 00:03:56,440 --> 00:03:58,360 Speaker 1: I mean, it's one of the most interesting things is 93 00:03:58,400 --> 00:04:01,240 Speaker 1: to is to read the the justice opinions. 94 00:04:01,280 --> 00:04:02,840 Speaker 2: This is how you know you're getting older when you 95 00:04:03,000 --> 00:04:06,640 Speaker 2: start to read the descents and what's the other one 96 00:04:07,400 --> 00:04:09,720 Speaker 2: you have a dissent opinion in a concurrence. Yeah, just 97 00:04:09,720 --> 00:04:10,320 Speaker 2: all the difference. 98 00:04:10,440 --> 00:04:13,160 Speaker 1: So fun to read. Just like we are starting to 99 00:04:13,200 --> 00:04:15,240 Speaker 1: turn into some of those right legal lunks. Next we're 100 00:04:15,240 --> 00:04:17,320 Speaker 1: gonna start birdwatching. But yeah, no, I think it's so 101 00:04:17,440 --> 00:04:19,640 Speaker 1: it's so fascinating to see how they came to their opinions. 102 00:04:20,320 --> 00:04:22,760 Speaker 2: Yeah, And basically the main reason this ruling was struck 103 00:04:22,800 --> 00:04:24,760 Speaker 2: down was out the majority of justices they believe that 104 00:04:24,760 --> 00:04:28,039 Speaker 2: forgiveness of this magnitude, which was over four hundred billion dollars, 105 00:04:28,080 --> 00:04:31,880 Speaker 2: that it can't be done by the executive branch alone, 106 00:04:32,080 --> 00:04:34,520 Speaker 2: that specifically, Congress would need to pass a bill making 107 00:04:34,560 --> 00:04:37,560 Speaker 2: this the real reality. Instead, we've been saying this was 108 00:04:37,760 --> 00:04:40,559 Speaker 2: likely going to be the case, even at the time. 109 00:04:41,200 --> 00:04:43,120 Speaker 2: Speaker of the House Nancy Pelosi said this a couple 110 00:04:43,120 --> 00:04:45,160 Speaker 2: of years ago that like, hey, no, the president does 111 00:04:45,200 --> 00:04:49,440 Speaker 2: not have the authority to unilaterally dismiss to forgive all 112 00:04:49,480 --> 00:04:52,359 Speaker 2: of student loans. That being said, we know that this 113 00:04:52,480 --> 00:04:55,080 Speaker 2: was a disappointment for a lot of folks, for tens 114 00:04:55,080 --> 00:04:58,039 Speaker 2: of millions of folks who had their fingers crossed that 115 00:04:58,080 --> 00:05:01,400 Speaker 2: their loan balance would be white doubt eradicated all together, 116 00:05:01,520 --> 00:05:03,640 Speaker 2: or at least reduced significantly. 117 00:05:03,680 --> 00:05:04,560 Speaker 1: And we're sorry. 118 00:05:04,920 --> 00:05:07,320 Speaker 2: I'm glad that we weren't the ones to be the 119 00:05:07,320 --> 00:05:10,039 Speaker 2: bearers of the bad news because you probably see now 120 00:05:10,160 --> 00:05:13,600 Speaker 2: a tweets, you saw a headline, and you know the 121 00:05:13,640 --> 00:05:16,120 Speaker 2: blow has already been dealts, and we're able to kind 122 00:05:16,120 --> 00:05:17,080 Speaker 2: of come in and explain it a lot. 123 00:05:17,200 --> 00:05:19,159 Speaker 1: Yeah, And the thing is, there's a whole lot more 124 00:05:19,200 --> 00:05:24,880 Speaker 1: in the aftermath of the Supreme Court striking this Biden 125 00:05:24,960 --> 00:05:27,960 Speaker 1: mandate down that we have to talk about, because actually, 126 00:05:28,000 --> 00:05:30,159 Speaker 1: I think that is the least significant at this point 127 00:05:30,200 --> 00:05:31,880 Speaker 1: of the news. There's a whole lot more that we 128 00:05:31,920 --> 00:05:35,040 Speaker 1: need to discuss based on like the fallout from this decision. 129 00:05:35,200 --> 00:05:38,520 Speaker 1: And I totally Matt, I get the disappointment of people 130 00:05:38,560 --> 00:05:40,440 Speaker 1: being told that you're going to have a massive chunk 131 00:05:40,480 --> 00:05:42,440 Speaker 1: of debt eradicated from your life and then having the 132 00:05:42,520 --> 00:05:45,000 Speaker 1: rule rug pulled out from under you. That's crappy, but 133 00:05:45,040 --> 00:05:47,560 Speaker 1: I will say there is kind of a silver lining 134 00:05:47,600 --> 00:05:50,480 Speaker 1: for student loan borrowers, and it's called the Safe Plan. 135 00:05:50,760 --> 00:05:52,880 Speaker 1: The Safe Plan could save the day for a lot 136 00:05:52,920 --> 00:05:56,320 Speaker 1: of people. There's basically this is the new repayment plan 137 00:05:56,360 --> 00:05:59,240 Speaker 1: that the Biden administration and the Department of Education have 138 00:05:59,320 --> 00:06:01,599 Speaker 1: come up with, and it's coming down the pike just 139 00:06:01,640 --> 00:06:05,359 Speaker 1: in time before in all likelihood student loan payments resumed. 140 00:06:05,480 --> 00:06:07,320 Speaker 1: And so yeah, this plan is going to go even 141 00:06:07,440 --> 00:06:10,520 Speaker 1: further than the forgiveness attempt will for many yet it's 142 00:06:10,720 --> 00:06:13,440 Speaker 1: not being talked about to nearly the same degree. It's 143 00:06:13,440 --> 00:06:17,000 Speaker 1: going to result in lower payments for a ton of people, 144 00:06:17,480 --> 00:06:22,520 Speaker 1: especially especially lower income households. Undergraduate borrowers could cut in 145 00:06:22,720 --> 00:06:24,360 Speaker 1: half or more of the amount that they have to 146 00:06:24,360 --> 00:06:27,000 Speaker 1: pay towards their loans each month from because now the 147 00:06:27,040 --> 00:06:29,680 Speaker 1: new requirements are down from ten percent of discretionary income 148 00:06:29,960 --> 00:06:33,920 Speaker 1: to five percent. And that there's just the discretionary income 149 00:06:33,920 --> 00:06:37,720 Speaker 1: thresholds were became more generous at the same time. So 150 00:06:38,120 --> 00:06:40,320 Speaker 1: I mean people who had an average student loan payment 151 00:06:40,320 --> 00:06:42,360 Speaker 1: of five hundred bucks, depending on your income, it could 152 00:06:42,400 --> 00:06:45,360 Speaker 1: get on to one hundred or two hundred bucks. It's incredible, 153 00:06:45,560 --> 00:06:48,640 Speaker 1: and then on top of that, for some folks, they 154 00:06:48,640 --> 00:06:51,039 Speaker 1: could end up getting their loans forgiven at the end 155 00:06:51,040 --> 00:06:54,960 Speaker 1: of ten years. Anyway, So Student Loan Planner actually has 156 00:06:55,000 --> 00:06:57,240 Speaker 1: put up a helpful calculator that will link to in 157 00:06:57,240 --> 00:06:59,960 Speaker 1: the show notes. It'll show you how the Save plan 158 00:07:00,040 --> 00:07:02,520 Speaker 1: and is going to impact your student loan payments. Man, 159 00:07:02,600 --> 00:07:04,400 Speaker 1: I am sure we'll be talking about this plan more 160 00:07:04,440 --> 00:07:08,080 Speaker 1: as the details continue to surface, but yeah, it's I know, 161 00:07:08,120 --> 00:07:10,720 Speaker 1: you're probably disappointed that you didn't get loan forgiveness of 162 00:07:10,800 --> 00:07:12,560 Speaker 1: either a certain amount or all of your loans, but 163 00:07:12,640 --> 00:07:16,880 Speaker 1: this Save plan really could massively change the amount of 164 00:07:16,960 --> 00:07:19,360 Speaker 1: money you have to fork over towards your student loans 165 00:07:19,680 --> 00:07:23,240 Speaker 1: every single month. And so yeah, you're probably not going 166 00:07:23,280 --> 00:07:25,800 Speaker 1: to be paying what you were paying on student loans 167 00:07:25,920 --> 00:07:29,600 Speaker 1: before the pandemic once student loan payments begin again, exactly. 168 00:07:29,640 --> 00:07:32,040 Speaker 2: And by the way, so it's the Save plan SAVE, 169 00:07:32,200 --> 00:07:37,320 Speaker 2: which stands for Saving on a Valuable Education, which that's 170 00:07:37,360 --> 00:07:39,680 Speaker 2: the acronym, and it's so dumb, like honestly, it just 171 00:07:39,760 --> 00:07:40,600 Speaker 2: points to the fact. 172 00:07:40,440 --> 00:07:41,680 Speaker 1: That Washington acronyms are done. 173 00:07:41,760 --> 00:07:43,400 Speaker 2: Yes, well that's the thing. It points to the fact 174 00:07:43,400 --> 00:07:46,360 Speaker 2: that this has become a political football. And that's what's 175 00:07:46,880 --> 00:07:50,040 Speaker 2: most annoying about this, right is that because they slap 176 00:07:50,120 --> 00:07:52,880 Speaker 2: these fancy acronym names on there, like the reason they 177 00:07:52,880 --> 00:07:54,960 Speaker 2: do that is so that when they're talking about it 178 00:07:55,000 --> 00:07:57,960 Speaker 2: and press releases, when it's discussed in headlines, that it 179 00:07:58,000 --> 00:07:59,840 Speaker 2: looks good and that it sounds good as opposed to 180 00:08:00,240 --> 00:08:03,800 Speaker 2: addressing the underlying issues. That to me points to the 181 00:08:03,840 --> 00:08:06,720 Speaker 2: fact that politicians are more concerned about the politics of 182 00:08:06,720 --> 00:08:09,440 Speaker 2: it and less concerned about actually addressing some of the 183 00:08:09,520 --> 00:08:11,960 Speaker 2: root problems, which is super annoying. Well, yeah, I mean 184 00:08:11,960 --> 00:08:15,120 Speaker 2: we have said all along this neither this repayment plan 185 00:08:15,160 --> 00:08:19,080 Speaker 2: nor the forgiveness attempt really do anything about the root problem, 186 00:08:19,080 --> 00:08:21,560 Speaker 2: which is the high cost of college that's been skyrocketing 187 00:08:21,600 --> 00:08:22,760 Speaker 2: for decades exactly. 188 00:08:22,840 --> 00:08:23,840 Speaker 1: Yeah, they're just sound bites. 189 00:08:24,120 --> 00:08:26,440 Speaker 2: But in addition to all of this, the Biden administration 190 00:08:26,560 --> 00:08:30,240 Speaker 2: has instituted a twelve month on ramp to repayment which 191 00:08:30,280 --> 00:08:33,000 Speaker 2: goes from October of this year to September thirtieth of 192 00:08:33,040 --> 00:08:35,480 Speaker 2: next year of twenty twenty four. And during this period, 193 00:08:35,480 --> 00:08:38,200 Speaker 2: if you miss a monthly payment, you will not be 194 00:08:38,360 --> 00:08:42,079 Speaker 2: considered delinquent and it won't be reported to the credit bureaus. 195 00:08:42,360 --> 00:08:44,959 Speaker 2: So now this kind of raises the questions should you 196 00:08:44,960 --> 00:08:47,360 Speaker 2: pay off all of your student loans when interest starts 197 00:08:47,360 --> 00:08:50,800 Speaker 2: accruing at September or when payments begin again in October? 198 00:08:51,240 --> 00:08:54,520 Speaker 2: Like practically speaking, this is kind of what we're discussing here, 199 00:08:54,520 --> 00:08:57,680 Speaker 2: like should you even pay on them at all? It's 200 00:08:57,679 --> 00:09:00,760 Speaker 2: our belief that, you know, even in the way that 201 00:09:00,880 --> 00:09:03,679 Speaker 2: student loans are just given out like candy in this country, 202 00:09:04,040 --> 00:09:06,679 Speaker 2: that and how it's setting folks up for failure. Even still, 203 00:09:07,120 --> 00:09:09,560 Speaker 2: you took out that debt and you owe it. And 204 00:09:10,200 --> 00:09:11,880 Speaker 2: with that in mind, I think you should pay on 205 00:09:11,920 --> 00:09:14,880 Speaker 2: it as agreed, even if the folks in charge, even 206 00:09:14,880 --> 00:09:18,160 Speaker 2: if the politicians are kind of nodding and winking and 207 00:09:18,559 --> 00:09:20,240 Speaker 2: you know, it's like, oh, you don't actually have to 208 00:09:20,280 --> 00:09:22,360 Speaker 2: pay on it. I think you should pay on it 209 00:09:22,400 --> 00:09:25,680 Speaker 2: as agreed. But that doesn't necessarily mean you should eliminate 210 00:09:25,720 --> 00:09:28,800 Speaker 2: them altogether. Right when there is still some hope of 211 00:09:28,840 --> 00:09:32,600 Speaker 2: forgiveness in the end, I think, for now, make those payments, 212 00:09:33,040 --> 00:09:35,400 Speaker 2: but maybe hold on to those additional savings right now, 213 00:09:35,559 --> 00:09:38,000 Speaker 2: take more of a wait and see approach. Hopefully Again 214 00:09:38,040 --> 00:09:41,600 Speaker 2: from the beginning, we've said, continue making payments to yourself, 215 00:09:41,679 --> 00:09:45,959 Speaker 2: set that money aside in an earmarked part of your 216 00:09:46,240 --> 00:09:48,400 Speaker 2: checking account and part of your spending account or your 217 00:09:48,400 --> 00:09:50,760 Speaker 2: savings acount whatever, so that you've kind of got the stockpile. 218 00:09:50,880 --> 00:09:54,520 Speaker 2: Don't deploy that stockpilogist yet. Let's see what happens. Write 219 00:09:54,559 --> 00:09:56,640 Speaker 2: like as there are more and more challenges as these 220 00:09:56,640 --> 00:09:59,520 Speaker 2: programs evolve. But I think it does make sense just 221 00:09:59,559 --> 00:10:02,560 Speaker 2: to go head and make payments. This is sort of 222 00:10:02,559 --> 00:10:04,240 Speaker 2: like the ethical sort of side of the equation, Like 223 00:10:04,280 --> 00:10:06,040 Speaker 2: you got the nuts and bolts and what's actually allowed, 224 00:10:06,080 --> 00:10:08,400 Speaker 2: But it's worth thinking through, all right, Well, like what 225 00:10:08,520 --> 00:10:10,520 Speaker 2: is it that I should be doing in this case? 226 00:10:10,600 --> 00:10:12,120 Speaker 2: Just because you're not going to get in trouble and 227 00:10:12,160 --> 00:10:14,720 Speaker 2: not get reported to the credit bureaus for making late 228 00:10:14,760 --> 00:10:16,960 Speaker 2: payments or not making payments at all for a whole year, 229 00:10:17,280 --> 00:10:19,760 Speaker 2: doesn't mean that that's the route you should take. And 230 00:10:20,480 --> 00:10:22,320 Speaker 2: but yeah, I think you're right, Matt. I think if you've, 231 00:10:22,520 --> 00:10:24,040 Speaker 2: If you've it's like a lot of how the money 232 00:10:24,080 --> 00:10:26,480 Speaker 2: listeners have done. If you've created this massive war chest 233 00:10:26,520 --> 00:10:28,440 Speaker 2: of funds in order to pay those student loans off, 234 00:10:28,440 --> 00:10:30,880 Speaker 2: and you could do it in full, well you still 235 00:10:30,960 --> 00:10:32,480 Speaker 2: just might want to hold off for a minute and 236 00:10:32,559 --> 00:10:35,680 Speaker 2: do better things with that money, because the president's still 237 00:10:35,679 --> 00:10:37,800 Speaker 2: trying to work towards loan forgiveness that that could come 238 00:10:37,800 --> 00:10:40,400 Speaker 2: about under a different who knows there's a different law 239 00:10:40,440 --> 00:10:43,960 Speaker 2: from nineteen sixty five, right, so the higher education law, 240 00:10:43,960 --> 00:10:45,640 Speaker 2: and so this is this is one of those things 241 00:10:45,640 --> 00:10:47,480 Speaker 2: where it still could come down the pike, and even 242 00:10:47,520 --> 00:10:50,880 Speaker 2: if not, this SAVEE plan could massively reduce your payments 243 00:10:51,120 --> 00:10:57,280 Speaker 2: and potentially results in forgiveness anyway, So it gets really confusing. 244 00:10:57,600 --> 00:11:00,280 Speaker 2: But I think if you really want to and you're 245 00:11:00,320 --> 00:11:02,360 Speaker 2: just tired of it, pay off the debt. But I 246 00:11:02,360 --> 00:11:03,960 Speaker 2: think for a lot of people, if you want to 247 00:11:04,000 --> 00:11:07,440 Speaker 2: do what's the most optimized way moving forward, you might 248 00:11:07,480 --> 00:11:09,040 Speaker 2: want to hold off and kind of see how all 249 00:11:09,040 --> 00:11:13,000 Speaker 2: this shakes out. So kind of confusing the ruling and 250 00:11:13,080 --> 00:11:17,200 Speaker 2: then kind of the royal rumble happening between the executive 251 00:11:17,200 --> 00:11:19,800 Speaker 2: and the judicial branches right now. Lots shaking out. But 252 00:11:20,080 --> 00:11:21,880 Speaker 2: we'll continue to talk about this in the future, and 253 00:11:21,880 --> 00:11:24,600 Speaker 2: if you have questions, as always, submit one for us 254 00:11:24,679 --> 00:11:26,480 Speaker 2: so we can take it on a ask kind of 255 00:11:26,480 --> 00:11:28,640 Speaker 2: money episode. And it's worth pointing out too, this is 256 00:11:28,640 --> 00:11:30,200 Speaker 2: how our country is supposed to work, right, Like, you're 257 00:11:30,200 --> 00:11:32,120 Speaker 2: talking about this Royal rumble like it's a good thing. 258 00:11:32,120 --> 00:11:34,559 Speaker 2: It's well royal makes it sound like the UK or 259 00:11:34,600 --> 00:11:36,679 Speaker 2: something like that, but like this is the American rumble, 260 00:11:36,760 --> 00:11:38,959 Speaker 2: Like there should be some conflict between the different branches 261 00:11:39,000 --> 00:11:40,839 Speaker 2: of government as we are trying to make our country 262 00:11:40,840 --> 00:11:42,120 Speaker 2: a better place. Yeah, it doesn't need to be like 263 00:11:42,200 --> 00:11:44,880 Speaker 2: cage shining, but they should be Yeah, some healthy musk 264 00:11:45,040 --> 00:11:48,679 Speaker 2: versus ut style. Exactly are they talking about something else? 265 00:11:48,679 --> 00:11:51,200 Speaker 2: Real quick, Matt, while we're talking about government action. The 266 00:11:51,240 --> 00:11:55,360 Speaker 2: only government agency that could overshadow the efforts of the FTC, 267 00:11:55,480 --> 00:11:56,880 Speaker 2: I would say, is the Supreme Court what they did 268 00:11:56,960 --> 00:12:00,680 Speaker 2: last week, Right, But the FTC has been white active 269 00:12:00,840 --> 00:12:02,640 Speaker 2: in recent months and they're at it again. 270 00:12:02,679 --> 00:12:05,680 Speaker 1: This time. They want to eradicate fake reviews from the 271 00:12:05,720 --> 00:12:08,920 Speaker 1: face of the Internet. And this sounds difficult to me. 272 00:12:09,559 --> 00:12:11,520 Speaker 1: Good luck with that, right, Yeah, it's like, hey, I 273 00:12:11,559 --> 00:12:13,680 Speaker 1: want to take all mean comments off Facebook and. 274 00:12:13,640 --> 00:12:16,120 Speaker 2: Twitter, Like, Okay, let's get rid of all the meanies. 275 00:12:16,240 --> 00:12:19,440 Speaker 1: Yeah, highly unlikely, but let's see what you can do. 276 00:12:19,920 --> 00:12:22,520 Speaker 1: And there could be hefty penalties for companies that allow 277 00:12:22,559 --> 00:12:25,880 Speaker 1: fake reviews to continue to exist on their websites and 278 00:12:25,920 --> 00:12:27,960 Speaker 1: this sounds like a game of whack a mole. But 279 00:12:28,320 --> 00:12:30,560 Speaker 1: we'll see whether or not this comes to fruition. But 280 00:12:30,760 --> 00:12:33,120 Speaker 1: it made me think, Matt, that there's a whole lot 281 00:12:33,120 --> 00:12:35,200 Speaker 1: actually that people can do about fake reviews in their lives. 282 00:12:35,200 --> 00:12:35,280 Speaker 2: Now. 283 00:12:35,360 --> 00:12:39,000 Speaker 1: Fake reviews are kind of annoying and they can be 284 00:12:39,400 --> 00:12:42,080 Speaker 1: tough to spot, and sometimes we make purchasing decisions based 285 00:12:42,080 --> 00:12:44,160 Speaker 1: on a star rating when really we should dive a 286 00:12:44,200 --> 00:12:47,400 Speaker 1: little deeper. Yeah, well, specifically fake spot. This is a 287 00:12:47,440 --> 00:12:50,480 Speaker 1: great site where you can enter in a link and 288 00:12:50,679 --> 00:12:53,600 Speaker 1: they will they say they use AI. Now, I mean, 289 00:12:53,640 --> 00:12:56,640 Speaker 1: obviously this is what software and computers were doing previously, 290 00:12:57,120 --> 00:12:59,400 Speaker 1: but I feel like now the AI is a thing. Now, 291 00:12:59,520 --> 00:13:02,320 Speaker 1: everybody's be finding ways to introduce the fact that they 292 00:13:02,400 --> 00:13:04,600 Speaker 1: use AI and with whatever it is that they're offering. 293 00:13:05,080 --> 00:13:07,600 Speaker 1: I will say, no AI used in this podcast at 294 00:13:07,600 --> 00:13:09,800 Speaker 1: all yet never well don't know, maybe in the future, 295 00:13:11,280 --> 00:13:13,760 Speaker 1: but no, that's not how we roll. They've also got 296 00:13:13,760 --> 00:13:15,400 Speaker 1: a Chrome plug in, but it can help you to 297 00:13:15,440 --> 00:13:19,880 Speaker 1: analyze the reviews on different sites across the internet. But also, 298 00:13:20,040 --> 00:13:22,040 Speaker 1: don't just look at the star rating, right, like, actually 299 00:13:22,120 --> 00:13:24,520 Speaker 1: wade into a few of those reviews. Look at the pictures, 300 00:13:24,840 --> 00:13:27,559 Speaker 1: see what it is that folks love and hate about 301 00:13:27,600 --> 00:13:29,959 Speaker 1: the product. Before ordering, I always look at the pictures 302 00:13:29,960 --> 00:13:32,520 Speaker 1: because I want to see, like, not the perfect studio 303 00:13:32,920 --> 00:13:35,000 Speaker 1: product image that they've got up on the website, but 304 00:13:35,040 --> 00:13:36,800 Speaker 1: what does it look like in real life on somebody's 305 00:13:37,280 --> 00:13:40,240 Speaker 1: crimy kitchen counter without the perfect lighting. I want what, 306 00:13:40,360 --> 00:13:42,760 Speaker 1: like Tina from Kansas City, Missouri has to say yes 307 00:13:42,960 --> 00:13:45,840 Speaker 1: about that item, you know, the not just the copy 308 00:13:45,880 --> 00:13:48,280 Speaker 1: that was created by some marketing company. I want to 309 00:13:48,320 --> 00:13:50,840 Speaker 1: know what, like the everyday person, how they're using it, 310 00:13:50,880 --> 00:13:52,640 Speaker 1: what it looks like in their kitchen, all that kind 311 00:13:52,640 --> 00:13:55,520 Speaker 1: of stuff. And I always specifically search individual words, like 312 00:13:55,559 --> 00:13:58,240 Speaker 1: so if it's a yeah, you're talking about something in 313 00:13:58,280 --> 00:14:01,000 Speaker 1: your kitchen, but like, whatever the item is, I typically 314 00:14:01,040 --> 00:14:03,880 Speaker 1: have a use for it in mind, and so I 315 00:14:03,960 --> 00:14:05,920 Speaker 1: always search that because I'm like, Okay, did somebody use 316 00:14:05,960 --> 00:14:07,880 Speaker 1: it the way I'm planning to use it as well? 317 00:14:08,040 --> 00:14:09,720 Speaker 1: To help kind of confirm that, oh, yeah, this is 318 00:14:10,120 --> 00:14:12,960 Speaker 1: a situation where that product is going to solve my problems. 319 00:14:13,200 --> 00:14:15,720 Speaker 1: But man, if the FDC somehow is able to make 320 00:14:15,800 --> 00:14:16,720 Speaker 1: fake reviews, I think of. 321 00:14:16,720 --> 00:14:19,200 Speaker 2: The past, I'll be impressed. I'll be shocked, but we 322 00:14:19,240 --> 00:14:21,960 Speaker 2: can at least be smart consumers, even in the midst 323 00:14:22,120 --> 00:14:26,040 Speaker 2: of just a cesspool of fake reviews plastering the Internet, 324 00:14:26,040 --> 00:14:28,160 Speaker 2: because I think the biggest issue is going to be 325 00:14:28,200 --> 00:14:31,040 Speaker 2: the actual enforcement, because there's also going to be a 326 00:14:31,080 --> 00:14:34,200 Speaker 2: fine line for the FTC to walk between, because a 327 00:14:34,200 --> 00:14:36,760 Speaker 2: part of what they're targeting is different companies that are 328 00:14:36,800 --> 00:14:42,960 Speaker 2: offering free products in order. Essentially they're trying to incentivize users, honest, 329 00:14:43,080 --> 00:14:46,240 Speaker 2: actual users to leave a review, right, And I don't personally, 330 00:14:46,280 --> 00:14:47,800 Speaker 2: I don't think. I don't see anything wrong with that. 331 00:14:47,840 --> 00:14:50,000 Speaker 2: You're in trying to incentivize behavior, but there's a difference 332 00:14:50,000 --> 00:14:53,840 Speaker 2: between doing that and straight up paying for fake reviews 333 00:14:53,840 --> 00:14:56,480 Speaker 2: folks who have never even laid eyes on that product 334 00:14:56,520 --> 00:14:58,040 Speaker 2: and they're just getting their reviews up there just to 335 00:14:58,160 --> 00:15:00,600 Speaker 2: juice the star ratings. Speaking everybody, by the way, you 336 00:15:00,640 --> 00:15:02,520 Speaker 2: should review the How to Money podcast. If you haven't, 337 00:15:02,560 --> 00:15:04,680 Speaker 2: please leave us a nice one. If you listen to 338 00:15:04,680 --> 00:15:06,720 Speaker 2: the podcast, We're not asking you to go out there 339 00:15:06,760 --> 00:15:10,640 Speaker 2: and coordinate your army of ten thousand, ten thousand bots 340 00:15:10,680 --> 00:15:12,240 Speaker 2: or anything like that. But yeah, if you listen to 341 00:15:12,240 --> 00:15:14,480 Speaker 2: the podcast, leave us a review. It helps, Yes, for sure, 342 00:15:14,720 --> 00:15:16,280 Speaker 2: it's not normally we say that for like the end 343 00:15:16,280 --> 00:15:17,520 Speaker 2: of the episode, we do, but we'll. 344 00:15:17,360 --> 00:15:19,320 Speaker 1: Do it now. It's still were talking about reviews. Yeah, 345 00:15:19,440 --> 00:15:21,920 Speaker 1: a legit request, that's right. Or we got more to 346 00:15:21,920 --> 00:15:25,200 Speaker 1: get to on this episode, including something that a lot 347 00:15:25,200 --> 00:15:26,960 Speaker 1: of people feel about their money away. A lot of 348 00:15:26,960 --> 00:15:30,280 Speaker 1: people feel but man, those feelings are leading to worse 349 00:15:30,400 --> 00:15:32,200 Speaker 1: actions when it comes to your money. We'll get to 350 00:15:32,240 --> 00:15:33,160 Speaker 1: that right after this. 351 00:15:42,360 --> 00:15:44,000 Speaker 2: Fact in the break and Jill, how do you feel 352 00:15:44,080 --> 00:15:48,800 Speaker 2: right now in a good mental emotional state. Yeah, ude, honestly, 353 00:15:48,880 --> 00:15:51,200 Speaker 2: let's dive into it at the top of my game. Yeah, okay, Hey, 354 00:15:51,480 --> 00:15:53,160 Speaker 2: leading up to a nice weekend. 355 00:15:53,200 --> 00:15:54,360 Speaker 1: Michael Jordan ninety five. 356 00:15:54,360 --> 00:15:56,880 Speaker 2: All right, all right, so this is our ludicrous headline 357 00:15:56,920 --> 00:15:58,320 Speaker 2: of the week, and this one comes from The Hill. 358 00:15:58,720 --> 00:16:03,000 Speaker 2: Headline reads Americans are hiding their credit card debt and 359 00:16:03,200 --> 00:16:06,960 Speaker 2: this one basically comes down to people feeling shamed by 360 00:16:07,080 --> 00:16:10,640 Speaker 2: the debt that they've accrued. And just so everyone knows, 361 00:16:10,640 --> 00:16:13,680 Speaker 2: we think that shame has no place in personal finances, 362 00:16:14,000 --> 00:16:15,720 Speaker 2: but there is a lot of it in the space 363 00:16:15,760 --> 00:16:19,320 Speaker 2: for some reason, making people feel bad about past decisions, 364 00:16:19,360 --> 00:16:20,720 Speaker 2: even though that doesn't help a. 365 00:16:20,720 --> 00:16:24,400 Speaker 1: Lick that happens a lot. It's like old school financial 366 00:16:24,520 --> 00:16:27,080 Speaker 1: radio shows or stuff like that, and somebody calls in 367 00:16:27,120 --> 00:16:28,720 Speaker 1: and it's like, well, let me tell you just how 368 00:16:28,760 --> 00:16:30,800 Speaker 1: bad your mistakes were. And the caller's like, no, no, no, 369 00:16:30,840 --> 00:16:32,680 Speaker 1: I get it, and that's why I'm calling in for advice. 370 00:16:32,760 --> 00:16:34,560 Speaker 1: And they're like, I would just want to break you 371 00:16:34,600 --> 00:16:37,120 Speaker 1: for just a second. And there's just why, well, I 372 00:16:37,120 --> 00:16:37,760 Speaker 1: don't know why. 373 00:16:38,240 --> 00:16:39,880 Speaker 2: It kind of feels like an old school approach to 374 00:16:40,200 --> 00:16:41,640 Speaker 2: solving problems, where it's like. 375 00:16:42,200 --> 00:16:44,000 Speaker 1: That's not really necessary. It's not like the way they 376 00:16:44,080 --> 00:16:46,760 Speaker 1: used to spank kids in school back in like the 377 00:16:46,840 --> 00:16:49,320 Speaker 1: nineteen forties and fifties. Maybe that's the case. 378 00:16:49,520 --> 00:16:51,360 Speaker 2: But there's a recent report from wallet hub and they 379 00:16:51,360 --> 00:16:53,920 Speaker 2: found that a third of people refuse to let anyone 380 00:16:54,000 --> 00:16:56,760 Speaker 2: else know how much they own credit card debt. The 381 00:16:56,840 --> 00:17:00,680 Speaker 2: average person owes something like ten thousand dollars. So what 382 00:17:00,680 --> 00:17:02,440 Speaker 2: that means, of course, is that there are some folks 383 00:17:02,440 --> 00:17:05,439 Speaker 2: who owe a whole lot more than that. And I 384 00:17:05,560 --> 00:17:08,520 Speaker 2: get that this is something that you probably do not 385 00:17:08,560 --> 00:17:10,600 Speaker 2: want to shot from the rooftops, right like, hey, look 386 00:17:10,600 --> 00:17:13,000 Speaker 2: at all the mistakes I've made. I am terrible with 387 00:17:13,160 --> 00:17:16,800 Speaker 2: my money, right, But It's also not something to just 388 00:17:17,080 --> 00:17:19,000 Speaker 2: to tear your clothes and to heap coals on your 389 00:17:19,040 --> 00:17:21,880 Speaker 2: head like like you're in the Old Testament or anything 390 00:17:21,920 --> 00:17:25,159 Speaker 2: like that. It's good to address the problem and acknowledge that, 391 00:17:25,280 --> 00:17:27,600 Speaker 2: all right, maybe this wasn't the smartest thing for me 392 00:17:27,640 --> 00:17:29,840 Speaker 2: to have done, but also, hey, let's turn over a 393 00:17:29,880 --> 00:17:31,720 Speaker 2: new leaf and start making some wise decisions. 394 00:17:31,840 --> 00:17:33,600 Speaker 1: Yeah, you and I we've talked about this in the past, 395 00:17:33,720 --> 00:17:36,360 Speaker 1: and we always turn to Brene Brown because she's done 396 00:17:36,359 --> 00:17:38,760 Speaker 1: so much good, good work on shame and guilt, and 397 00:17:38,800 --> 00:17:41,560 Speaker 1: she basically says that shame is this focus on self. 398 00:17:41,880 --> 00:17:45,400 Speaker 1: Guilt is a focus on behavior. Shame says I am bad, 399 00:17:45,640 --> 00:17:48,760 Speaker 1: whereas guilt says I did something bad. And those are 400 00:17:48,880 --> 00:17:51,320 Speaker 1: two completely different ways of looking at things. And I 401 00:17:51,359 --> 00:17:53,520 Speaker 1: do think shame can cloud our judgment and it can 402 00:17:53,520 --> 00:17:56,040 Speaker 1: make us feel a certain way about ourselves, often getting 403 00:17:56,080 --> 00:17:59,600 Speaker 1: us further stuck kind of in bad habits or just 404 00:17:59,640 --> 00:18:03,280 Speaker 1: like I don't, shame just compounds on itself in terrible ways. 405 00:18:03,480 --> 00:18:06,080 Speaker 1: And so the truth is, we've all done bad things, right, 406 00:18:06,160 --> 00:18:09,760 Speaker 1: We've all made mistakes in money and in life, and 407 00:18:09,800 --> 00:18:12,280 Speaker 1: nothing good comes from making ourselves feel like total crap 408 00:18:12,359 --> 00:18:15,639 Speaker 1: about those things, and in fact, it often leads to 409 00:18:15,800 --> 00:18:18,720 Speaker 1: even worse things happening, right like keeping secrets from your partner. 410 00:18:18,920 --> 00:18:21,200 Speaker 1: As this survey revealed a lot of people who feel 411 00:18:21,200 --> 00:18:23,840 Speaker 1: this shame. They not only are unwilling to talk about 412 00:18:23,840 --> 00:18:26,359 Speaker 1: with anybody, but then they keep secrets things that they 413 00:18:26,359 --> 00:18:28,840 Speaker 1: should be talking about with their significant other, with their 414 00:18:28,960 --> 00:18:31,200 Speaker 1: life partner, with their spouse, and they don't. They start 415 00:18:31,200 --> 00:18:34,040 Speaker 1: sweeping things under the rug. They hurt their finances and 416 00:18:34,080 --> 00:18:37,240 Speaker 1: their relationships at the same time. So one thing that's 417 00:18:37,320 --> 00:18:39,840 Speaker 1: damaging leads to more damage in other areas of their life, 418 00:18:39,840 --> 00:18:42,240 Speaker 1: which is just so awful. It's like a domino effect. 419 00:18:42,400 --> 00:18:45,280 Speaker 1: And so we would say it's okay and even good 420 00:18:45,280 --> 00:18:47,680 Speaker 1: to talk about your debt with a trusted friend or 421 00:18:47,680 --> 00:18:50,199 Speaker 1: a loved one, even if they don't have killer advice. 422 00:18:50,240 --> 00:18:52,760 Speaker 1: It releases this pressure value feel you don't need to 423 00:18:52,760 --> 00:18:56,040 Speaker 1: find somebody who knows exactly what they're doing with money 424 00:18:56,280 --> 00:18:59,800 Speaker 1: in order to kind of unburden yourself and discuss those 425 00:18:59,800 --> 00:19:03,000 Speaker 1: feelings and discuss those mistakes. So I think it's important, 426 00:19:03,040 --> 00:19:05,959 Speaker 1: Matt when we see stats like this, and it just 427 00:19:06,000 --> 00:19:07,960 Speaker 1: makes me feel like most people and we see the 428 00:19:08,000 --> 00:19:11,320 Speaker 1: other stats about friendship in decline in this country, and 429 00:19:11,400 --> 00:19:13,199 Speaker 1: people just need someone to talk to. Yeah, and you 430 00:19:13,240 --> 00:19:16,680 Speaker 1: don't necessarily need an expert a financial planner to help 431 00:19:16,720 --> 00:19:18,760 Speaker 1: you out. This is more of a relational thing in 432 00:19:18,760 --> 00:19:21,240 Speaker 1: my opinion, totally. Yeah, it's sad because it makes you 433 00:19:21,280 --> 00:19:23,400 Speaker 1: realize that there's a lot of folks who feel alone 434 00:19:23,600 --> 00:19:25,560 Speaker 1: and just talking about it with somebody else, like you said, 435 00:19:25,560 --> 00:19:27,120 Speaker 1: who doesn't have to be an expert or a pro, 436 00:19:27,600 --> 00:19:30,600 Speaker 1: can just get the conversation rolling. And I think that 437 00:19:30,640 --> 00:19:32,440 Speaker 1: can be just a great first step. And I think 438 00:19:32,440 --> 00:19:35,720 Speaker 1: you could probably find that oh wow, that might allow 439 00:19:35,800 --> 00:19:37,600 Speaker 1: them to open up a little bit too. Before long, 440 00:19:38,680 --> 00:19:40,840 Speaker 1: you've got a sense of accountability. And maybe this is 441 00:19:40,880 --> 00:19:42,639 Speaker 1: something you both can start trying to figure out on 442 00:19:42,680 --> 00:19:44,960 Speaker 1: your own or together, not on your own, Like the 443 00:19:45,000 --> 00:19:46,560 Speaker 1: whole idea is to not do it on your own, 444 00:19:46,920 --> 00:19:49,920 Speaker 1: to get outside of your own head. But I think 445 00:19:49,960 --> 00:19:52,639 Speaker 1: another way that we can continue to sort of taekwondo 446 00:19:52,800 --> 00:19:57,320 Speaker 1: those feelings of guilt into additional action is by coming 447 00:19:57,440 --> 00:20:00,760 Speaker 1: up with a plan to pay that debt off. Specifically, 448 00:20:00,840 --> 00:20:04,159 Speaker 1: check out undebt it so undebt dot it. 449 00:20:04,920 --> 00:20:08,439 Speaker 2: This is a really helpful online tool for creating a 450 00:20:08,480 --> 00:20:11,240 Speaker 2: debt payoff plan. It breaks down some of the different 451 00:20:11,240 --> 00:20:13,880 Speaker 2: approaches like the snowball versus the avalanche versus some sort 452 00:20:13,880 --> 00:20:16,680 Speaker 2: of hybrid approach. But that can be a really, really 453 00:20:16,720 --> 00:20:19,440 Speaker 2: great resource. But if you need real help, because maybe 454 00:20:19,520 --> 00:20:21,960 Speaker 2: you are in over your head, we would recommend for 455 00:20:21,960 --> 00:20:25,120 Speaker 2: you to reach out to some folks over at the NFCC. 456 00:20:25,240 --> 00:20:27,800 Speaker 2: They've got some different local chapters, or even reach out 457 00:20:27,840 --> 00:20:31,560 Speaker 2: to Money Management International, but they are incredible and they 458 00:20:31,560 --> 00:20:34,000 Speaker 2: can help you to create a plan if you need 459 00:20:34,040 --> 00:20:37,159 Speaker 2: somebody basically to walk alongside you, and they'll help you 460 00:20:37,200 --> 00:20:39,600 Speaker 2: to get where you want to be while leaving those 461 00:20:39,680 --> 00:20:42,359 Speaker 2: those shame tactics out the door. So we're saying this 462 00:20:42,359 --> 00:20:43,840 Speaker 2: because we want to recommend for folks to get the 463 00:20:43,840 --> 00:20:46,280 Speaker 2: help that they need. And the more we keep silent 464 00:20:46,320 --> 00:20:48,560 Speaker 2: about these things, I think the less willing we're going 465 00:20:48,600 --> 00:20:52,840 Speaker 2: to be to admit our actual faults, our previous financial mistakes. 466 00:20:53,440 --> 00:20:55,840 Speaker 2: And as we do that, if we're less likely to 467 00:20:55,840 --> 00:20:57,400 Speaker 2: do that, I think we're going to be less vulnerable 468 00:20:57,640 --> 00:20:59,680 Speaker 2: and we're going to become even more isolated. 469 00:20:59,720 --> 00:21:01,959 Speaker 1: Full sounds negative, but I think vulnerable is a good 470 00:21:01,960 --> 00:21:04,920 Speaker 1: place to put yourself. Right that totally. You're putting yourself 471 00:21:04,920 --> 00:21:06,959 Speaker 1: in a place where you can be helped, and if 472 00:21:06,960 --> 00:21:09,840 Speaker 1: you're impenetrable, it means you can't be helped. And so 473 00:21:10,040 --> 00:21:13,000 Speaker 1: I think that vulnerability, Matt, that you're suggesting people have 474 00:21:13,840 --> 00:21:15,320 Speaker 1: is a good thing. And whether that's with a friend 475 00:21:15,400 --> 00:21:19,159 Speaker 1: or with a professional, a not for profit credit and 476 00:21:19,160 --> 00:21:22,040 Speaker 1: debt counseling sent yes, I think either place is a 477 00:21:22,040 --> 00:21:22,560 Speaker 1: great place to g. 478 00:21:22,640 --> 00:21:25,919 Speaker 2: Yeah, impenetrable is good if you're perfect, right like, but 479 00:21:26,080 --> 00:21:29,000 Speaker 2: obviously nobody is perfect, and again, yeah, we all make 480 00:21:29,040 --> 00:21:32,760 Speaker 2: freaking mistakes. And so it makes me think of like 481 00:21:32,760 --> 00:21:34,919 Speaker 2: like a rain jacket, a poncho, or like old school 482 00:21:35,040 --> 00:21:38,879 Speaker 2: just plastic. They suck because because sure they don't let 483 00:21:38,880 --> 00:21:41,000 Speaker 2: the water in, but they also don't let your body 484 00:21:41,040 --> 00:21:43,440 Speaker 2: to breathe, and so before long you start sweating. Yeah, 485 00:21:43,480 --> 00:21:47,440 Speaker 2: and there's no give and take. There's no movement of air. 486 00:21:48,320 --> 00:21:51,160 Speaker 2: What you want is like gortex or whatever, where there's 487 00:21:51,240 --> 00:21:54,399 Speaker 2: some movements of air and you can actually sweat a 488 00:21:54,400 --> 00:21:56,520 Speaker 2: little bit without it. I don't know if this is 489 00:21:56,520 --> 00:21:59,560 Speaker 2: this is probably terrible enough, but when I think of impenetrable, 490 00:21:59,600 --> 00:22:02,040 Speaker 2: folks oftentimes think that impenetrable is good, But what we're 491 00:22:02,040 --> 00:22:04,520 Speaker 2: saying is that, you know what, like, you should probably 492 00:22:04,920 --> 00:22:07,240 Speaker 2: make some room in your life to be able to 493 00:22:07,280 --> 00:22:09,960 Speaker 2: talk about your finances, specifically with a life partner, someone 494 00:22:10,119 --> 00:22:10,640 Speaker 2: who you love. 495 00:22:10,720 --> 00:22:14,480 Speaker 1: Yeah, I think shame is not what you want. Guilt, Okay, 496 00:22:14,600 --> 00:22:17,040 Speaker 1: it leads you towards if it leads you towards change. 497 00:22:17,160 --> 00:22:19,879 Speaker 1: But yeah, just we've all made mistakes. And if that 498 00:22:20,119 --> 00:22:23,040 Speaker 1: helps you realize that you can seek help from from 499 00:22:23,040 --> 00:22:25,160 Speaker 1: somebody else, you can open your mouth, you can talk 500 00:22:25,200 --> 00:22:27,160 Speaker 1: about it. I think that's I think that's a good thing. 501 00:22:27,200 --> 00:22:28,879 Speaker 1: That's kind of what we're pushing towards here. All right, 502 00:22:28,920 --> 00:22:31,959 Speaker 1: let's talk about where people choose to live, Matt, and 503 00:22:31,960 --> 00:22:34,959 Speaker 1: how that impacts how much money they have. And the 504 00:22:35,000 --> 00:22:38,440 Speaker 1: cost of living where we live is probably about average nationwide, 505 00:22:38,480 --> 00:22:41,040 Speaker 1: and you don't necessarily see us trying to move somewhere cheaper, 506 00:22:41,080 --> 00:22:43,200 Speaker 1: because where you choose to live, it's not all about 507 00:22:43,200 --> 00:22:46,359 Speaker 1: the money. But for younger folks in particular, who have 508 00:22:46,400 --> 00:22:48,880 Speaker 1: more flexibility and a bit of wander lust, it might 509 00:22:48,920 --> 00:22:51,959 Speaker 1: make sense to at least consider moving somewhere else as 510 00:22:52,000 --> 00:22:53,719 Speaker 1: a way to save a lot of money. There's this 511 00:22:53,800 --> 00:22:56,639 Speaker 1: recent analysis by smart asset and they put numbers to 512 00:22:56,680 --> 00:22:59,520 Speaker 1: something that we all know to be true. But moving 513 00:22:59,560 --> 00:23:02,600 Speaker 1: from city like New York City or San Francisco will 514 00:23:02,600 --> 00:23:04,720 Speaker 1: save you a lot of money every year. I think 515 00:23:05,040 --> 00:23:07,960 Speaker 1: moving from San Francisco to Miami save on average something 516 00:23:08,000 --> 00:23:10,399 Speaker 1: like thirty seven thousand dollars or New York City to 517 00:23:10,440 --> 00:23:13,680 Speaker 1: Miami about forty nine thousand dollars. That's with someone who 518 00:23:13,680 --> 00:23:15,560 Speaker 1: has an income up about one hundred and fifty k. 519 00:23:15,840 --> 00:23:17,199 Speaker 1: Think about that one hundred and fifty k in New 520 00:23:17,240 --> 00:23:21,080 Speaker 1: York City. You move to Miami, you're saving fifty k 521 00:23:21,119 --> 00:23:23,720 Speaker 1: off the bat, and again like, yeah, don't let the 522 00:23:24,200 --> 00:23:26,560 Speaker 1: tail wag the dog here, but my goodness, you have 523 00:23:26,600 --> 00:23:29,000 Speaker 1: to be thoughtful about being thoughtful about where you live 524 00:23:29,280 --> 00:23:31,480 Speaker 1: and thinking about the cost of living that you're going 525 00:23:31,520 --> 00:23:34,000 Speaker 1: to incur by choosing that place. And you might choose 526 00:23:34,040 --> 00:23:36,439 Speaker 1: on purpose, say hey, New York's worth the extra expense 527 00:23:36,480 --> 00:23:39,679 Speaker 1: and man, the connections I'm making our valuable lifestyle. Yeah yeah, 528 00:23:39,800 --> 00:23:41,600 Speaker 1: but at some point y'alls have to think, well, how 529 00:23:41,640 --> 00:23:43,040 Speaker 1: much would I say moving somewhere else. 530 00:23:43,080 --> 00:23:45,720 Speaker 2: That's what's so great about these different resource like this 531 00:23:45,800 --> 00:23:48,080 Speaker 2: that provides numbers because it allows you to like, you 532 00:23:48,200 --> 00:23:50,560 Speaker 2: know that, oh, yeah, I know it'll be more affordable 533 00:23:50,600 --> 00:23:52,439 Speaker 2: if I move out, but to actually see some hard numbers, 534 00:23:52,560 --> 00:23:56,280 Speaker 2: can you start thinking, all right, man, forty let's just 535 00:23:56,320 --> 00:23:58,720 Speaker 2: say forty five thousand dollars an additional forty five k, 536 00:23:58,880 --> 00:24:01,359 Speaker 2: Like what could I do with that money? That's a 537 00:24:01,400 --> 00:24:01,920 Speaker 2: lot of money. 538 00:24:01,920 --> 00:24:03,960 Speaker 1: And by the way, Miami is also not like middle 539 00:24:04,000 --> 00:24:05,440 Speaker 1: of nowhere, you know, like that's not like. 540 00:24:05,400 --> 00:24:08,560 Speaker 2: A podunk city, right, yeah. Well, and it's funny, so 541 00:24:08,600 --> 00:24:11,480 Speaker 2: you mentioned too that like we didn't necessarily like Georgia 542 00:24:11,520 --> 00:24:13,880 Speaker 2: specifically in Atlanta, it's it's pretty average when it comes 543 00:24:13,880 --> 00:24:15,919 Speaker 2: to a lot of things, right, Like it's not the 544 00:24:15,960 --> 00:24:19,119 Speaker 2: cheapest place, it's not the most affordable place in the 545 00:24:19,200 --> 00:24:20,920 Speaker 2: in the country, but it's also not the most expensive. 546 00:24:20,920 --> 00:24:23,159 Speaker 2: But that, like us moving from in town up to 547 00:24:23,200 --> 00:24:26,600 Speaker 2: the burbs, money was a consideration. I'm not I'm not 548 00:24:26,600 --> 00:24:28,160 Speaker 2: going to say that it wasn't something that we thought 549 00:24:28,200 --> 00:24:30,080 Speaker 2: fought through, like the cost low or the cost of living. 550 00:24:30,280 --> 00:24:30,440 Speaker 1: Yeah. 551 00:24:30,520 --> 00:24:33,359 Speaker 2: Yeah, and so for us specifically moving moving out the 552 00:24:33,359 --> 00:24:36,520 Speaker 2: burb to the burbs help, But like the cost of homes, 553 00:24:36,720 --> 00:24:40,879 Speaker 2: childcare taxes up here, they're all a little bit more affordable, 554 00:24:40,920 --> 00:24:44,280 Speaker 2: and so that in conjunction with more important factors. Are 555 00:24:44,320 --> 00:24:45,720 Speaker 2: are all things that you need to keep in mind 556 00:24:45,720 --> 00:24:47,720 Speaker 2: that you need to kind of basically find that balance. 557 00:24:47,720 --> 00:24:50,159 Speaker 1: And we wouldn't have mannered decision purely based on those numbers, 558 00:24:50,200 --> 00:24:54,399 Speaker 1: but it definitely was a factor. It was a factor exactly. 559 00:24:54,480 --> 00:24:57,440 Speaker 2: But like geographic arbitrage, this is a popular concept in 560 00:24:57,480 --> 00:25:01,240 Speaker 2: the fire community and the financial independence retire early community, 561 00:25:01,840 --> 00:25:04,560 Speaker 2: and typically it's talked about like on the international front, 562 00:25:04,680 --> 00:25:07,080 Speaker 2: right like if you can, uh, hey, move to Panama 563 00:25:07,440 --> 00:25:10,280 Speaker 2: and uh that'll say young retirees a ton of money 564 00:25:10,280 --> 00:25:11,719 Speaker 2: every year if you if you were to do that, 565 00:25:12,200 --> 00:25:13,879 Speaker 2: it's even it's gonna save you even more money if 566 00:25:13,880 --> 00:25:16,360 Speaker 2: you like move out to Thailand. But if you would 567 00:25:16,440 --> 00:25:19,440 Speaker 2: rather stay in the good old US of a Kiplinger, 568 00:25:19,560 --> 00:25:21,679 Speaker 2: they have a new list that they've created. Willing to 569 00:25:21,680 --> 00:25:23,440 Speaker 2: it in the show notes, of course, but I saw 570 00:25:23,440 --> 00:25:26,280 Speaker 2: that Augusta, Georgia, my my hometown, you're all stopping grounds, 571 00:25:26,320 --> 00:25:28,959 Speaker 2: that was there on the list, and in fact, like 572 00:25:29,160 --> 00:25:31,879 Speaker 2: the South and the Midwest, they dominate the list, I guess, 573 00:25:32,000 --> 00:25:36,520 Speaker 2: not surprisingly. But the number one city Harlingen, Texas. I 574 00:25:36,560 --> 00:25:39,160 Speaker 2: don't even know if I said that properly because I've 575 00:25:39,200 --> 00:25:41,919 Speaker 2: never even never have heard of it before. Where that 576 00:25:42,000 --> 00:25:44,200 Speaker 2: is in Texas, I don't know. Is it near Mexico, 577 00:25:44,320 --> 00:25:44,920 Speaker 2: is it further north? 578 00:25:44,960 --> 00:25:46,400 Speaker 1: I don't know. All I know is I won't mess 579 00:25:46,400 --> 00:25:46,640 Speaker 1: with it. 580 00:25:48,240 --> 00:25:50,520 Speaker 2: Money is not everything, but especially if you're younger, you've 581 00:25:50,520 --> 00:25:52,560 Speaker 2: got a little more flexibility. It's it's difficult to make 582 00:25:52,560 --> 00:25:56,680 Speaker 2: decisions like this purely based on money, if because when 583 00:25:56,680 --> 00:25:58,359 Speaker 2: you have a family, you've got you're taking other things 584 00:25:58,359 --> 00:26:01,360 Speaker 2: into account. But if you are or more flexible, if 585 00:26:01,359 --> 00:26:03,720 Speaker 2: you do have the ability to work from home, It's 586 00:26:03,760 --> 00:26:06,800 Speaker 2: something we've talked a ton about over the past few years. 587 00:26:06,840 --> 00:26:07,800 Speaker 2: Definitely something to consider. 588 00:26:07,920 --> 00:26:11,840 Speaker 1: Yeah, for sure, it's not an irrelevant piece of the puzzle. 589 00:26:12,200 --> 00:26:14,320 Speaker 1: Let's talk about charitable giving for a second matter. It's 590 00:26:14,400 --> 00:26:18,359 Speaker 1: dropped in a significant way recently. Total giving fell by 591 00:26:18,400 --> 00:26:21,240 Speaker 1: three and a half percent last year, which is abnormal. 592 00:26:21,240 --> 00:26:24,400 Speaker 1: It's just not good for nonprofits around the country, right, 593 00:26:24,760 --> 00:26:28,119 Speaker 1: and last year was a particularly difficult year as the 594 00:26:28,160 --> 00:26:31,440 Speaker 1: market was down significantly and inflation was raging, which I'm 595 00:26:31,440 --> 00:26:35,840 Speaker 1: sure those two things combined actually contributed to people giving less. 596 00:26:36,240 --> 00:26:39,360 Speaker 1: But in declines in charitable giving have been rare. Americans 597 00:26:39,359 --> 00:26:42,520 Speaker 1: are historically quite generous people, especially when you compare us 598 00:26:42,520 --> 00:26:46,639 Speaker 1: to other nations around the world. And it's understandable if 599 00:26:46,680 --> 00:26:48,240 Speaker 1: you have to pull back on your giving for a time. 600 00:26:48,320 --> 00:26:51,160 Speaker 1: I get that, don't keep writing checks if you lost 601 00:26:51,160 --> 00:26:53,200 Speaker 1: your job, right, you don't want to deplete your savings 602 00:26:53,320 --> 00:26:55,480 Speaker 1: while no income is coming in, or if your finances 603 00:26:55,480 --> 00:26:57,800 Speaker 1: have just gotten a lot tighter. But we also believe 604 00:26:57,800 --> 00:27:00,480 Speaker 1: that giving money away to causes you believe in is 605 00:27:00,520 --> 00:27:02,760 Speaker 1: one of the best things you can do, not just 606 00:27:02,800 --> 00:27:05,560 Speaker 1: for the greater good, but we think it's also a 607 00:27:05,600 --> 00:27:08,679 Speaker 1: good habit. It's good for you as a person. It's 608 00:27:08,960 --> 00:27:11,359 Speaker 1: great to see awesome stuff happening in your community. But 609 00:27:11,480 --> 00:27:13,639 Speaker 1: my goodness, what it does for us as individuals, being 610 00:27:13,640 --> 00:27:15,880 Speaker 1: able to give some of that money that comes into 611 00:27:15,880 --> 00:27:18,760 Speaker 1: our lives away. It's great from a personal growth standpoint. 612 00:27:18,800 --> 00:27:21,160 Speaker 2: Yeah, kind of going back to the guilt and shame 613 00:27:21,280 --> 00:27:23,479 Speaker 2: conversation about debt, it just kind of opens you up 614 00:27:23,480 --> 00:27:25,320 Speaker 2: a little bit, right, And I think it's a better 615 00:27:25,400 --> 00:27:28,359 Speaker 2: posture to have with your money than sort of like 616 00:27:28,400 --> 00:27:32,119 Speaker 2: this and word impenetrable fortress that you are building up 617 00:27:32,119 --> 00:27:32,640 Speaker 2: for yourself. 618 00:27:32,680 --> 00:27:34,000 Speaker 1: Yeah, we actually. 619 00:27:33,800 --> 00:27:36,600 Speaker 2: Think that giving money away will make you richer, which 620 00:27:36,680 --> 00:27:39,040 Speaker 2: kind of sounds crazy, I know, but giving money away 621 00:27:39,080 --> 00:27:42,440 Speaker 2: it just gives you that healthy detachment from money. It'll 622 00:27:42,440 --> 00:27:44,679 Speaker 2: help you to see that it's not there just to 623 00:27:44,720 --> 00:27:47,480 Speaker 2: serve you in your own selfish interests. Is there to 624 00:27:47,600 --> 00:27:49,439 Speaker 2: help you to do good in the world via the 625 00:27:49,560 --> 00:27:52,040 Speaker 2: organizations that you believe in, and it gives you the 626 00:27:52,080 --> 00:27:55,640 Speaker 2: ability to tangibly see what that money can do if 627 00:27:55,680 --> 00:27:58,199 Speaker 2: you allocate it well. On that note, make sure to 628 00:27:58,400 --> 00:28:02,360 Speaker 2: certainly do your research, do your due diligence on nonprofits 629 00:28:02,400 --> 00:28:05,240 Speaker 2: before you write a check, before you initiate that transfer, 630 00:28:05,480 --> 00:28:08,080 Speaker 2: and you can do that via sites like Charity Navigator. 631 00:28:08,080 --> 00:28:11,720 Speaker 2: You can do it, Charity Watch and Great Nonprofits. These 632 00:28:11,720 --> 00:28:14,919 Speaker 2: are all dot orgs by the way, but yeah, make 633 00:28:14,920 --> 00:28:16,439 Speaker 2: sure that you do your research, make sure that you 634 00:28:16,480 --> 00:28:19,520 Speaker 2: know their ranked. Essentially, they've got different scores. They take 635 00:28:19,560 --> 00:28:22,439 Speaker 2: into account how much money is going into overhead, how 636 00:28:22,480 --> 00:28:25,480 Speaker 2: much is paying the folks who run that company, as 637 00:28:25,480 --> 00:28:29,240 Speaker 2: opposed to how much money is actually going to what 638 00:28:29,320 --> 00:28:32,720 Speaker 2: they say that they're there, that they exist for. You'd 639 00:28:32,720 --> 00:28:36,240 Speaker 2: be shocked, you'd be surprised that how little money goes 640 00:28:36,280 --> 00:28:38,760 Speaker 2: to the actual causes in some of these organizations that 641 00:28:38,800 --> 00:28:39,000 Speaker 2: you have. 642 00:28:39,080 --> 00:28:41,080 Speaker 1: Heard and yeah, you want your money doing the most 643 00:28:41,120 --> 00:28:44,000 Speaker 1: good and the more overhead, the less that the money 644 00:28:44,040 --> 00:28:47,440 Speaker 1: you're donating goes to the mission that the organization says 645 00:28:47,640 --> 00:28:51,200 Speaker 1: they're doing or do they care about. And so yes, 646 00:28:51,360 --> 00:28:53,240 Speaker 1: being able to see those numbers, see those rankings is 647 00:28:53,240 --> 00:28:57,520 Speaker 1: so helpful. One other thing math that deserves mentioning is 648 00:28:57,880 --> 00:28:59,680 Speaker 1: especially for how to money listers who want to like 649 00:29:00,080 --> 00:29:02,960 Speaker 1: demise they're giving. Donor advice funds are something that are 650 00:29:02,960 --> 00:29:06,640 Speaker 1: well worth looking into, and they used to be kind 651 00:29:06,640 --> 00:29:09,640 Speaker 1: of for the uber rich and the fees even at 652 00:29:09,640 --> 00:29:12,360 Speaker 1: the low cost providers like Vanguard and Fidelity used to 653 00:29:12,400 --> 00:29:15,280 Speaker 1: be just over the top, right, And they still are 654 00:29:15,360 --> 00:29:18,280 Speaker 1: actually at Vantguard and Fidelity and Schwab more expensive than 655 00:29:18,280 --> 00:29:18,960 Speaker 1: we'd like to see. 656 00:29:19,360 --> 00:29:21,680 Speaker 2: But I think they come down over the years because 657 00:29:21,840 --> 00:29:25,600 Speaker 2: there are more competitors out there who are offering products 658 00:29:25,920 --> 00:29:28,760 Speaker 2: making it more accessible to defunks to just the normal folks. 659 00:29:28,800 --> 00:29:30,560 Speaker 2: You just want to be able to give their money 660 00:29:30,760 --> 00:29:32,280 Speaker 2: a little more strategically, right. 661 00:29:32,160 --> 00:29:34,040 Speaker 1: And that's what's cool about donorvicezones. You can give the 662 00:29:34,080 --> 00:29:37,000 Speaker 1: more strategically, and you can also invest some of the 663 00:29:37,040 --> 00:29:39,840 Speaker 1: money that you want to give away so that you 664 00:29:39,840 --> 00:29:43,120 Speaker 1: can grow that pile for the future, for future giving purposes. 665 00:29:43,400 --> 00:29:45,160 Speaker 1: And so I just want to let folks know that 666 00:29:45,280 --> 00:29:47,320 Speaker 1: Daffy dot org is one of our favorites, and we 667 00:29:47,560 --> 00:29:49,640 Speaker 1: I just wrote a review about Daffy. I've been using 668 00:29:49,680 --> 00:29:53,840 Speaker 1: them for about a year now, and I love kind 669 00:29:53,840 --> 00:29:56,880 Speaker 1: of how low cost Daffy is. But I also love 670 00:29:57,120 --> 00:29:59,680 Speaker 1: the interface, the whole thing, the whole kit and kaboodle. 671 00:30:00,000 --> 00:30:03,000 Speaker 1: And there's something like thirteen times cheaper what Vanguard charges, 672 00:30:03,160 --> 00:30:05,280 Speaker 1: which says a lot because Vanguard is low cost in 673 00:30:05,280 --> 00:30:08,840 Speaker 1: almost every area of investing. So Daffi's school. We'll put 674 00:30:08,880 --> 00:30:12,400 Speaker 1: the link to the review of Daffi up in the 675 00:30:12,400 --> 00:30:14,960 Speaker 1: show notes at how toomoney dot com. And if you're 676 00:30:15,040 --> 00:30:17,239 Speaker 1: keen to give, and you're keen to give effectively, this 677 00:30:17,320 --> 00:30:18,760 Speaker 1: is definitely one of the ways to do it. Yeah, 678 00:30:19,000 --> 00:30:21,760 Speaker 1: head over to the website, check out that review. Will 679 00:30:21,800 --> 00:30:24,520 Speaker 1: we explain fully how it is that don'or advise funds 680 00:30:24,520 --> 00:30:27,000 Speaker 1: how Daffy works. But it allows you to get. 681 00:30:26,840 --> 00:30:30,520 Speaker 2: That deduction for that year, but still essentially retain some 682 00:30:30,560 --> 00:30:33,920 Speaker 2: control if you're not exactly sure what specific organizations that 683 00:30:34,000 --> 00:30:35,640 Speaker 2: you want that money to go to. So it basically 684 00:30:35,680 --> 00:30:38,040 Speaker 2: it buys you some time. It allows you to continue 685 00:30:38,080 --> 00:30:39,800 Speaker 2: to do some of that research. That way, you know 686 00:30:39,920 --> 00:30:41,760 Speaker 2: exactly where it is that your money is going. 687 00:30:41,680 --> 00:30:44,320 Speaker 1: To go and grow that money while you while you 688 00:30:44,360 --> 00:30:47,800 Speaker 1: wait exactly. Yeah, pretty slick, love it all right, Maddie. 689 00:30:47,800 --> 00:30:50,400 Speaker 1: That's going to be it for this episode. Folks. You 690 00:30:50,400 --> 00:30:52,600 Speaker 1: can find the show notes up on our website as 691 00:30:52,600 --> 00:30:53,880 Speaker 1: always at how to money dot com. 692 00:30:53,920 --> 00:30:56,760 Speaker 2: And it is my Daffi name, Mattie, Mattie here, you're 693 00:30:56,800 --> 00:30:57,720 Speaker 2: now Jolley's right. 694 00:30:57,840 --> 00:31:00,280 Speaker 1: When you search Daffi Reville, you get like daff duck 695 00:31:00,320 --> 00:31:01,920 Speaker 1: stuff too, by the way, which is kind of funny. 696 00:31:02,120 --> 00:31:04,040 Speaker 1: But yeah, so you can. You can find that up 697 00:31:04,080 --> 00:31:05,800 Speaker 1: on our website, of course. And I hope you have 698 00:31:05,840 --> 00:31:08,920 Speaker 1: a great weekend, matt Until next time, Best friends Out, 699 00:31:09,040 --> 00:31:10,320 Speaker 1: Best Friends Out.