1 00:00:00,120 --> 00:00:03,119 Speaker 1: Welcome to How the Money. I'm Joel and I'm Matt. 2 00:00:03,279 --> 00:00:25,400 Speaker 1: Today we're talking all about that piece out money. All right, 3 00:00:25,480 --> 00:00:28,280 Speaker 1: Joel Man, we are back. You're back from Orlando. We 4 00:00:28,520 --> 00:00:31,360 Speaker 1: spent some time down at thin Con, which is a 5 00:00:31,400 --> 00:00:35,080 Speaker 1: super nerdy financial conference. That's where money and media meat. 6 00:00:35,200 --> 00:00:37,360 Speaker 1: We fit right in, dude. For me, what I loved 7 00:00:37,400 --> 00:00:40,120 Speaker 1: about it was that being self employed for the past 8 00:00:40,440 --> 00:00:43,400 Speaker 1: over ten years now, that I haven't had, I guess, 9 00:00:43,440 --> 00:00:45,840 Speaker 1: an excuse to go to something like this where there's 10 00:00:45,880 --> 00:00:48,400 Speaker 1: a big conference and folks are all talking the same language. 11 00:00:48,440 --> 00:00:50,800 Speaker 1: You know, we're talking nerdy financial stuff. We're talking about 12 00:00:50,840 --> 00:00:54,440 Speaker 1: financial independence, real estate, things like that. And to be 13 00:00:54,480 --> 00:00:56,040 Speaker 1: able to do that with something that we care so 14 00:00:56,120 --> 00:00:59,600 Speaker 1: much about was awesome. You know. Going there, we learned 15 00:00:59,600 --> 00:01:01,160 Speaker 1: a ton. We got to meet a lot of people 16 00:01:01,160 --> 00:01:02,840 Speaker 1: where I got to meet a lot of people. These 17 00:01:02,840 --> 00:01:04,399 Speaker 1: are a lot of folks that you have known for 18 00:01:04,480 --> 00:01:06,120 Speaker 1: years now, Yeah, but there's also a bunch of new 19 00:01:06,120 --> 00:01:08,120 Speaker 1: people there this year that I never met to. Yeah. 20 00:01:08,120 --> 00:01:10,480 Speaker 1: It was fun to reconnect because this was my fifth 21 00:01:10,680 --> 00:01:12,520 Speaker 1: time at finn Con, right, So it's really fun to 22 00:01:12,560 --> 00:01:14,760 Speaker 1: reconnect with people that I've gotten to know over the 23 00:01:14,840 --> 00:01:16,640 Speaker 1: years and hang out with. But then it was also 24 00:01:16,720 --> 00:01:19,559 Speaker 1: super fun to meet new people that I've never met before. 25 00:01:19,680 --> 00:01:23,200 Speaker 1: But the thing is, you know, online we're interacting with 26 00:01:23,280 --> 00:01:26,720 Speaker 1: people all the time on Twitter or on blogs or 27 00:01:26,760 --> 00:01:29,039 Speaker 1: whatever that do similar things to what we're doing, people 28 00:01:29,080 --> 00:01:32,280 Speaker 1: that we respect and admire and are We're just super 29 00:01:32,319 --> 00:01:34,920 Speaker 1: interested in what they're creating and how they're helping people. 30 00:01:35,200 --> 00:01:36,760 Speaker 1: And that's the cool thing about finn Con. It's like, 31 00:01:36,800 --> 00:01:40,120 Speaker 1: really it's it's this atmosphere of people that want to 32 00:01:40,200 --> 00:01:43,800 Speaker 1: help other people with their money exactly. Yeah, man, it's 33 00:01:43,800 --> 00:01:46,560 Speaker 1: so cool. And so it's just like culture of service, 34 00:01:46,760 --> 00:01:49,680 Speaker 1: and man, it just makes me think and want to 35 00:01:49,720 --> 00:01:53,240 Speaker 1: redouble our efforts here, like let's give them something useful, 36 00:01:53,440 --> 00:01:56,040 Speaker 1: right that every episode that we create, not only do 37 00:01:56,160 --> 00:01:58,960 Speaker 1: we have fun, do we get to drink an awesome beer, right, 38 00:01:59,000 --> 00:02:01,200 Speaker 1: but we get to you know, care for and interact 39 00:02:01,280 --> 00:02:04,040 Speaker 1: with the people that listen to the show. Man. That's 40 00:02:04,080 --> 00:02:06,040 Speaker 1: that's my favorite part. Every time we get an email, 41 00:02:06,240 --> 00:02:08,679 Speaker 1: every time you know, the people that listen are interacting 42 00:02:08,680 --> 00:02:11,079 Speaker 1: on our Facebook group. That's just that's so much fun 43 00:02:11,120 --> 00:02:13,200 Speaker 1: for me. And so yeah, I love that part of it, 44 00:02:13,240 --> 00:02:15,400 Speaker 1: and I love that all these other awesome folks at 45 00:02:15,400 --> 00:02:18,360 Speaker 1: Finncon are kind of doing it in their own separate 46 00:02:18,440 --> 00:02:21,440 Speaker 1: niche in their own blog or podcast or wherever they're 47 00:02:21,440 --> 00:02:24,040 Speaker 1: reaching people, and it's it's a beautiful thing. So you 48 00:02:24,320 --> 00:02:26,360 Speaker 1: mentioned new folks. It also reminded me of our new 49 00:02:26,400 --> 00:02:31,079 Speaker 1: buddy Scott and he is working on a documentary on 50 00:02:31,160 --> 00:02:34,959 Speaker 1: financial independence. It's called Playing with Fire and they launched 51 00:02:34,960 --> 00:02:36,679 Speaker 1: a kickstarter, which used to do a lot as a 52 00:02:36,760 --> 00:02:39,840 Speaker 1: kid playing with fire. That that is so true. Yeah, 53 00:02:39,880 --> 00:02:42,440 Speaker 1: I played with fire a lot. But uh yeah, it's 54 00:02:42,440 --> 00:02:44,079 Speaker 1: a documentary that they kicked off and they launched a 55 00:02:44,160 --> 00:02:47,320 Speaker 1: kickstarter at the beginning of the conference and it is 56 00:02:47,360 --> 00:02:52,200 Speaker 1: doing incredibly well. We are supporters of that documentary as well. 57 00:02:52,200 --> 00:02:54,320 Speaker 1: Scott was a great dude. I actually met him kind 58 00:02:54,320 --> 00:02:56,520 Speaker 1: of randomly and like in the elevator. That's what's so 59 00:02:56,560 --> 00:02:58,080 Speaker 1: cool about something like this, right, you just kind of 60 00:02:58,080 --> 00:03:00,680 Speaker 1: bump into somebody, start chatting trins out. He just had 61 00:03:00,680 --> 00:03:03,920 Speaker 1: a trailer to his documentary played at the opening keynote. 62 00:03:04,160 --> 00:03:06,919 Speaker 1: When I saw it, I was like, Scott, this is fantastic, man. 63 00:03:06,919 --> 00:03:09,600 Speaker 1: This is gonna be so good and I'm super excited 64 00:03:09,639 --> 00:03:11,720 Speaker 1: to just see you know how this is gonna play 65 00:03:11,720 --> 00:03:13,080 Speaker 1: out and just how this is going to have an 66 00:03:13,080 --> 00:03:15,760 Speaker 1: impact on not just the money in media, but just 67 00:03:15,800 --> 00:03:18,840 Speaker 1: specifically to financial independence. Right. But yeah, we want to 68 00:03:18,840 --> 00:03:21,280 Speaker 1: get that information out there for you as our listener, 69 00:03:21,320 --> 00:03:23,800 Speaker 1: if you want to go check it out, it's playing 70 00:03:23,800 --> 00:03:27,280 Speaker 1: with fire dot c O. And so we'll post a 71 00:03:27,280 --> 00:03:29,919 Speaker 1: link to in the show notes to that Kickstarter page, 72 00:03:29,960 --> 00:03:33,359 Speaker 1: to that website. Because yeah, Scott's an amazing dude, and 73 00:03:33,800 --> 00:03:36,280 Speaker 1: the documentary looks like it's gonna be amazing because it 74 00:03:36,320 --> 00:03:38,240 Speaker 1: follows him and his family and kind of their path 75 00:03:38,320 --> 00:03:41,120 Speaker 1: to financial independence. He's got a little daughter. It's just 76 00:03:41,200 --> 00:03:42,760 Speaker 1: kind of cool to see how they grabbed ahold of 77 00:03:42,760 --> 00:03:44,880 Speaker 1: it and kind of changed the way they lived, which 78 00:03:45,040 --> 00:03:47,200 Speaker 1: not just getting their finances together, but man, as we've 79 00:03:47,200 --> 00:03:49,680 Speaker 1: talked about in regards to financial independence, it's kind of 80 00:03:49,720 --> 00:03:52,560 Speaker 1: this wholesale life change, focusing on the things that actually 81 00:03:52,600 --> 00:03:55,320 Speaker 1: matter and not just money and spending as much as 82 00:03:55,360 --> 00:03:58,320 Speaker 1: you can, right right, And so so yeah, this's gonna 83 00:03:58,320 --> 00:04:00,720 Speaker 1: be a cool documentary. But also inside that he interviewed 84 00:04:00,760 --> 00:04:04,800 Speaker 1: so many people that are just amazing thinkers in this space. 85 00:04:05,080 --> 00:04:07,520 Speaker 1: So it's gonna be really fun from an artistic standpoint, 86 00:04:07,520 --> 00:04:09,360 Speaker 1: it's gonna be really fun from the interviews that are 87 00:04:09,400 --> 00:04:12,160 Speaker 1: in there and just following Scott and Taylor's story, so 88 00:04:12,200 --> 00:04:13,800 Speaker 1: I'm super stoked to see it. It It looks like it's 89 00:04:13,840 --> 00:04:16,360 Speaker 1: gonna be released in February, so yeah, we'll pust the 90 00:04:16,440 --> 00:04:18,160 Speaker 1: link there, and I would just encourage anyone just go 91 00:04:18,200 --> 00:04:20,000 Speaker 1: give a few dollars, just be in support of it 92 00:04:20,000 --> 00:04:22,360 Speaker 1: because it's gonna be really fun. And you know, Matt 93 00:04:22,400 --> 00:04:23,960 Speaker 1: and I are excited to go to a screening when 94 00:04:23,960 --> 00:04:26,680 Speaker 1: it comes to the Southeast, comes to Atlanta. We're totally 95 00:04:26,680 --> 00:04:28,640 Speaker 1: gonna be there and do whatever we can to support 96 00:04:28,680 --> 00:04:31,279 Speaker 1: this documentary. It's it's really neat. Yeah, man, that's right. 97 00:04:31,480 --> 00:04:33,920 Speaker 1: So let's mention the beer that we're drinking today. Matt. 98 00:04:34,080 --> 00:04:36,000 Speaker 1: This is only our second home brew we've ever had 99 00:04:36,000 --> 00:04:38,000 Speaker 1: on the show, but I'm really pumped. So today we 100 00:04:38,080 --> 00:04:41,279 Speaker 1: have a beer from I guess a brewing group, a 101 00:04:41,279 --> 00:04:44,160 Speaker 1: group of guys that gets together and they call themselves 102 00:04:44,400 --> 00:04:48,480 Speaker 1: the Yeast Atlanta Brewers, which is awesome because we live 103 00:04:48,920 --> 00:04:51,640 Speaker 1: in East Atlanta and these guys are the Yeast Atlanta Brewers, 104 00:04:51,800 --> 00:04:55,240 Speaker 1: and so this was really kind of John. He donated 105 00:04:55,320 --> 00:04:57,520 Speaker 1: a four year old beer that he made that's been 106 00:04:57,560 --> 00:05:01,480 Speaker 1: like just chilling uh in his in a seller. It's 107 00:05:01,520 --> 00:05:04,520 Speaker 1: got a legit seller with with you know, lines on top. 108 00:05:04,839 --> 00:05:06,719 Speaker 1: He's got it all. So I'm super excited to have 109 00:05:06,760 --> 00:05:09,160 Speaker 1: this one. It's an ud bruin uh And we've had 110 00:05:09,200 --> 00:05:11,400 Speaker 1: that style actually recently on the show. Yeah, so we 111 00:05:11,560 --> 00:05:14,240 Speaker 1: kind of fun to compare a d bruin from last 112 00:05:14,240 --> 00:05:15,800 Speaker 1: week that was kind of made by the pros and 113 00:05:15,839 --> 00:05:17,640 Speaker 1: then this one made by the guys that live in 114 00:05:17,640 --> 00:05:20,400 Speaker 1: our neighborhood. All right, Matt, let's get into the subject 115 00:05:20,600 --> 00:05:23,600 Speaker 1: for today. We're all about that peace out money. And 116 00:05:23,680 --> 00:05:26,560 Speaker 1: this is kind of a topic that people have discussed 117 00:05:26,560 --> 00:05:29,880 Speaker 1: from time to time. And the most popular term I've 118 00:05:29,920 --> 00:05:32,679 Speaker 1: heard used for peace out money, that's what we're gonna 119 00:05:32,680 --> 00:05:34,479 Speaker 1: call it, but a lot of people call it f 120 00:05:34,640 --> 00:05:36,839 Speaker 1: you money in the financial space. And so we're gonna 121 00:05:36,880 --> 00:05:38,400 Speaker 1: talk about like why we don't call it a few 122 00:05:38,440 --> 00:05:41,239 Speaker 1: money in just a second, But really, peace out money 123 00:05:41,640 --> 00:05:44,080 Speaker 1: addresses this core issue because, as it turns out, the 124 00:05:44,120 --> 00:05:46,680 Speaker 1: majority of Americans are living paycheck to paycheck and they 125 00:05:46,680 --> 00:05:48,760 Speaker 1: don't even have a thousand dollars in the bank. And 126 00:05:48,800 --> 00:05:51,280 Speaker 1: so when that's the case, you feel tied to your 127 00:05:51,320 --> 00:05:53,760 Speaker 1: job and like you have no other options, and so Matt, 128 00:05:53,880 --> 00:05:55,839 Speaker 1: you and I feel like peace out money. That's what 129 00:05:55,839 --> 00:06:00,200 Speaker 1: we're gonna call it. That this can majorly address that issue. Yeah, 130 00:06:00,240 --> 00:06:02,200 Speaker 1: that's right. So that's the answer, right, And so we're 131 00:06:02,200 --> 00:06:05,400 Speaker 1: defining it as just having enough money to leave a 132 00:06:05,440 --> 00:06:09,080 Speaker 1: situation where you could technically stay. You know, you're finde there, 133 00:06:09,080 --> 00:06:11,839 Speaker 1: you're making money even though you could technically stay, you're 134 00:06:11,880 --> 00:06:14,320 Speaker 1: not going to You're going to choose not to, and 135 00:06:14,360 --> 00:06:17,120 Speaker 1: so to have the money that allows you to do that. 136 00:06:17,120 --> 00:06:19,560 Speaker 1: That's how we're going to define piece out money to 137 00:06:19,720 --> 00:06:22,479 Speaker 1: essentially throw up the peace sign with your fingers. Piece 138 00:06:22,520 --> 00:06:24,400 Speaker 1: out like two fingers out one right, because if you 139 00:06:24,480 --> 00:06:26,159 Speaker 1: money is like the one finger, and piece out money's 140 00:06:26,160 --> 00:06:28,359 Speaker 1: like the two fingers, right, And so you're you're saying, 141 00:06:28,440 --> 00:06:30,880 Speaker 1: all right, you know what, I've got what I need 142 00:06:30,920 --> 00:06:33,000 Speaker 1: and I'm out of here, whatever it is. And so 143 00:06:33,040 --> 00:06:34,640 Speaker 1: we yeah, we think you can do this in a 144 00:06:34,720 --> 00:06:37,160 Speaker 1: respectful way. And we'll talk about like all the benefits 145 00:06:37,160 --> 00:06:39,200 Speaker 1: of having this piece out money, like how you actually 146 00:06:39,400 --> 00:06:42,279 Speaker 1: a crew piece out money and what it's actually used for. 147 00:06:42,520 --> 00:06:44,719 Speaker 1: But ultimately, piece out money is kind of more of 148 00:06:44,720 --> 00:06:47,279 Speaker 1: an attitude than it even is a financial position. Right. 149 00:06:47,440 --> 00:06:49,400 Speaker 1: It is important to have that money in your bank 150 00:06:49,440 --> 00:06:51,560 Speaker 1: account to back you up when you're ready to say 151 00:06:51,680 --> 00:06:54,120 Speaker 1: your piece out to a job, or piece out to 152 00:06:54,160 --> 00:06:56,640 Speaker 1: a situation that you're in that you find yourself uncomfortable 153 00:06:56,880 --> 00:06:58,840 Speaker 1: and and having that amount of money in your bank 154 00:06:58,880 --> 00:07:02,640 Speaker 1: account to back you up, right is crucial. But it 155 00:07:02,760 --> 00:07:05,120 Speaker 1: also is an attitude. And I like this quote from 156 00:07:05,160 --> 00:07:08,279 Speaker 1: Johnny Carson, former late night host, right, he said, all 157 00:07:08,279 --> 00:07:10,280 Speaker 1: that means is that I don't have to do what 158 00:07:10,440 --> 00:07:12,720 Speaker 1: I don't want to do, right. And I've heard that 159 00:07:12,760 --> 00:07:14,960 Speaker 1: from a lot of performers, especially if you're an artist, 160 00:07:15,520 --> 00:07:18,960 Speaker 1: if you're a stand up comedian and someone says, hey, 161 00:07:19,240 --> 00:07:21,200 Speaker 1: you can't say that, Hey you need to take this 162 00:07:21,240 --> 00:07:23,400 Speaker 1: down from your website, whatever it is. I remember an 163 00:07:23,480 --> 00:07:25,560 Speaker 1: article that Mr money Mustache wrote a while a while 164 00:07:25,600 --> 00:07:27,960 Speaker 1: back that a credit card issuer wanted him to take 165 00:07:28,040 --> 00:07:29,920 Speaker 1: one cuss word that he put on his website off 166 00:07:29,920 --> 00:07:32,760 Speaker 1: of it, and it was gonna mean forty dollars for him, 167 00:07:32,880 --> 00:07:35,400 Speaker 1: but it meant ultimately a compromise of his values to 168 00:07:35,440 --> 00:07:37,400 Speaker 1: do it, and so he said, no way, not gonna 169 00:07:37,440 --> 00:07:39,440 Speaker 1: do it. That's the kind of peace out money that 170 00:07:39,440 --> 00:07:41,360 Speaker 1: we're talking about. Get out of here. I don't need 171 00:07:41,400 --> 00:07:43,080 Speaker 1: your money. I have to I'm gonna live life on 172 00:07:43,160 --> 00:07:46,200 Speaker 1: my terms. Yeah. I think it was actually forty a month. 173 00:07:46,400 --> 00:07:48,520 Speaker 1: Oh my gosh. Right, Yeah, that's a lot of money. Yea, 174 00:07:49,280 --> 00:07:52,000 Speaker 1: if I remember right, it was a serious amount of Yeah, 175 00:07:52,080 --> 00:07:53,720 Speaker 1: serious amount of money. I think it was forty forty 176 00:07:53,800 --> 00:07:55,200 Speaker 1: k a month. We'll try to find that article on 177 00:07:55,200 --> 00:07:57,360 Speaker 1: post a link to the show. Yeah, that'd be great. 178 00:07:57,400 --> 00:07:58,880 Speaker 1: And kind of going back to the you know that 179 00:07:58,920 --> 00:08:01,240 Speaker 1: the fu money. It's not that we're pose necessarily to 180 00:08:01,240 --> 00:08:04,200 Speaker 1: the foul language, but it's just mostly the idea that 181 00:08:04,280 --> 00:08:06,800 Speaker 1: you're burning things down as you leave. Right. You caught 182 00:08:06,800 --> 00:08:09,840 Speaker 1: me all sorts of terrible things, but we just don't 183 00:08:09,880 --> 00:08:12,160 Speaker 1: like burning bridges, first of all, Like we don't feel 184 00:08:12,200 --> 00:08:14,320 Speaker 1: that that's, you know, how you should necessarily treat others. 185 00:08:14,320 --> 00:08:17,440 Speaker 1: It's just not how we necessarily operate as far as 186 00:08:17,560 --> 00:08:21,680 Speaker 1: finding revenge, you know, exacting revenge on somebody or feel 187 00:08:21,720 --> 00:08:23,800 Speaker 1: like you're kind of sticking it to them. And then secondly, 188 00:08:23,960 --> 00:08:26,480 Speaker 1: jobs and just other opportunities that are out there are 189 00:08:26,840 --> 00:08:29,920 Speaker 1: just too well connected, you know, and so it's Honestly, 190 00:08:30,520 --> 00:08:33,440 Speaker 1: it's in our best interest. It's in your best interest 191 00:08:33,600 --> 00:08:36,360 Speaker 1: to not behave that way. The world is just so 192 00:08:36,440 --> 00:08:39,120 Speaker 1: connected now, and chances are if you were to do 193 00:08:39,200 --> 00:08:41,880 Speaker 1: something like that and really stick it to maybe a 194 00:08:41,920 --> 00:08:44,640 Speaker 1: former employer, I don't think that would work out too 195 00:08:44,679 --> 00:08:46,920 Speaker 1: well for you. Yeah, there's ways to say peace out 196 00:08:47,160 --> 00:08:49,640 Speaker 1: with two fingers right whe where you're doing it in 197 00:08:49,679 --> 00:08:52,800 Speaker 1: a kind of conscientious way. You're maintaining connections with people, 198 00:08:52,800 --> 00:08:56,080 Speaker 1: You're maintaining a humanity and a human relationship to it. Really, 199 00:08:56,080 --> 00:08:58,240 Speaker 1: what it is, it's about this mindset, and it's about 200 00:08:58,240 --> 00:08:59,800 Speaker 1: having the money in your bank account to back it 201 00:08:59,880 --> 00:09:02,120 Speaker 1: up that says, you know what, I don't need this 202 00:09:02,200 --> 00:09:04,560 Speaker 1: job right now. I'm ready to move on to something else. 203 00:09:04,679 --> 00:09:07,120 Speaker 1: I'm ready to go in a different direction with my life. Plus, 204 00:09:07,120 --> 00:09:09,360 Speaker 1: our daughters just love saying peace out, you know, every 205 00:09:09,360 --> 00:09:12,600 Speaker 1: time they leave there like piece out homies. I know, 206 00:09:12,640 --> 00:09:14,120 Speaker 1: I think I got my daughter starreading to be on 207 00:09:14,320 --> 00:09:16,520 Speaker 1: this stuff like that. So yeah, let's go ahead and 208 00:09:16,520 --> 00:09:18,520 Speaker 1: move on to the benefit first. You know, having peace 209 00:09:18,520 --> 00:09:21,360 Speaker 1: out money it allows you the ability to step away 210 00:09:21,559 --> 00:09:24,640 Speaker 1: temporarily from a job. It could be for health reasons, 211 00:09:24,720 --> 00:09:27,720 Speaker 1: for for you individually, or maybe even for a family member, 212 00:09:27,800 --> 00:09:30,360 Speaker 1: or there might be just other sort of issues that 213 00:09:30,400 --> 00:09:32,880 Speaker 1: might be going on with your family, or even honestly, 214 00:09:32,880 --> 00:09:36,080 Speaker 1: to quit a job altogether. If there's just another opportunity 215 00:09:36,120 --> 00:09:39,719 Speaker 1: that comes along, it's something that would be much much 216 00:09:39,840 --> 00:09:42,840 Speaker 1: riskier if you did not have that piece out money. Yeah, 217 00:09:42,840 --> 00:09:44,240 Speaker 1: if you don't have any money in the bank account, 218 00:09:44,280 --> 00:09:46,960 Speaker 1: if you don't have anything backing you up financially, you 219 00:09:46,960 --> 00:09:49,560 Speaker 1: can have the mindset that you want to piece out 220 00:09:49,559 --> 00:09:52,040 Speaker 1: all you want, right, so you've gotta have that financial backing. 221 00:09:52,080 --> 00:09:54,080 Speaker 1: That's what that piece out money is, is this money 222 00:09:54,080 --> 00:09:57,040 Speaker 1: combined with your mindset. And it also emboldens you to 223 00:09:57,080 --> 00:09:59,040 Speaker 1: ask for the things that you really want. So maybe 224 00:09:59,040 --> 00:10:01,120 Speaker 1: you don't want to step away from your job. Maybe 225 00:10:01,120 --> 00:10:03,360 Speaker 1: everything's fine, you love your job, you don't want to quit, 226 00:10:03,559 --> 00:10:05,320 Speaker 1: But it also emboldens you to ask for those things 227 00:10:05,320 --> 00:10:07,839 Speaker 1: that you want, maybe a different project or position you'd 228 00:10:07,840 --> 00:10:09,720 Speaker 1: like to take. Well, it gives you that empowerment to 229 00:10:09,760 --> 00:10:13,040 Speaker 1: ask for a raise or to negotiate even harder. Maybe 230 00:10:13,080 --> 00:10:15,560 Speaker 1: it involves less schmoozing. Right, you don't have to be 231 00:10:15,640 --> 00:10:17,719 Speaker 1: there for events that you don't want to be a 232 00:10:17,760 --> 00:10:19,720 Speaker 1: part of. Or gives you the ability to opt out 233 00:10:19,760 --> 00:10:21,880 Speaker 1: of meetings that you don't feel like are important for 234 00:10:21,920 --> 00:10:23,520 Speaker 1: you to be a part of. Yes, so it lets 235 00:10:23,520 --> 00:10:26,800 Speaker 1: you like call your own shots and be actively involved 236 00:10:26,800 --> 00:10:29,480 Speaker 1: in the process of what your work looks like. And 237 00:10:29,520 --> 00:10:32,439 Speaker 1: that's because it changes the outlook on what you're currently doing. 238 00:10:32,640 --> 00:10:34,720 Speaker 1: You can actually appreciate your work for what it is 239 00:10:34,960 --> 00:10:37,800 Speaker 1: and not just for that paycheck that's coming in. Awesome, man, 240 00:10:37,840 --> 00:10:41,080 Speaker 1: I love that. You know, also something else you should 241 00:10:41,080 --> 00:10:43,520 Speaker 1: hopefully be doing the right thing anyway at work, right, 242 00:10:43,880 --> 00:10:47,040 Speaker 1: But I think having a little bit of that backing right, 243 00:10:47,040 --> 00:10:48,600 Speaker 1: like you just said, a little bit of that piece 244 00:10:48,640 --> 00:10:51,719 Speaker 1: of money can hopefully give you that additional courage, a 245 00:10:51,760 --> 00:10:54,599 Speaker 1: little more fortitude to stand up for what's right, to 246 00:10:55,040 --> 00:10:57,800 Speaker 1: kind of stand up for what you actually believe in 247 00:10:57,800 --> 00:11:00,520 Speaker 1: instead of maybe being pressured sometimes to do the things 248 00:11:00,600 --> 00:11:03,520 Speaker 1: that you feel that the company is doing. Sometimes you 249 00:11:03,600 --> 00:11:06,160 Speaker 1: might feel pressured to do something that might be a 250 00:11:06,160 --> 00:11:09,440 Speaker 1: little unethical or honestly even illegal, or take the most 251 00:11:09,480 --> 00:11:12,520 Speaker 1: expedient choice. Yeah, yeah, exactly. And if that's the case, 252 00:11:12,679 --> 00:11:15,720 Speaker 1: and even still hopefully money is not an issue for 253 00:11:15,760 --> 00:11:18,040 Speaker 1: you to make the right decision, but having that they're 254 00:11:18,559 --> 00:11:21,200 Speaker 1: definitely helps. Yeah, mat So on that note, I feel 255 00:11:21,240 --> 00:11:23,760 Speaker 1: like it's really interesting that people with certain high level 256 00:11:23,800 --> 00:11:28,080 Speaker 1: government jobs, especially with access to top secret information, and 257 00:11:28,200 --> 00:11:32,439 Speaker 1: certain high level private sector workers just aren't eligible for 258 00:11:32,600 --> 00:11:36,480 Speaker 1: some of these positions with access to greater information if 259 00:11:36,520 --> 00:11:38,600 Speaker 1: they have high levels of debt or if they're just 260 00:11:38,640 --> 00:11:41,520 Speaker 1: in a bad money situation, and that's because their employer 261 00:11:41,679 --> 00:11:45,240 Speaker 1: or the government thinks that being in a bad financial 262 00:11:45,240 --> 00:11:48,760 Speaker 1: situation opens them up to the possibility of blackmail from 263 00:11:48,840 --> 00:11:51,560 Speaker 1: a foreign government or competing company. I think that that 264 00:11:51,600 --> 00:11:55,640 Speaker 1: speaks volumes right of how our personal finances can impact 265 00:11:56,080 --> 00:11:59,680 Speaker 1: at times our ability or willingness to do something that's 266 00:11:59,679 --> 00:12:02,439 Speaker 1: expedient or better in the short term for us not 267 00:12:02,600 --> 00:12:05,280 Speaker 1: thinking about the long term game. And this kind of 268 00:12:05,360 --> 00:12:07,440 Speaker 1: idea of having some peace out money, of having some 269 00:12:07,480 --> 00:12:10,040 Speaker 1: financial stability in your life allows us to say, you 270 00:12:10,080 --> 00:12:12,160 Speaker 1: know what, no to the short term thing that might 271 00:12:12,200 --> 00:12:15,320 Speaker 1: seem like the best for right now, for today, but 272 00:12:15,559 --> 00:12:17,400 Speaker 1: ultimately in the end, we're going to be really bummed, 273 00:12:17,440 --> 00:12:18,600 Speaker 1: and we don't want to tell our kids that we 274 00:12:18,640 --> 00:12:20,160 Speaker 1: made that decision, and we don't want to have to 275 00:12:20,160 --> 00:12:21,600 Speaker 1: live with it for the rest of our lives. We 276 00:12:21,640 --> 00:12:24,120 Speaker 1: would rather do the thing that is right or the 277 00:12:24,160 --> 00:12:27,400 Speaker 1: thing that that we think is best for us or 278 00:12:27,400 --> 00:12:29,560 Speaker 1: for our company. But we might choose to make that 279 00:12:29,880 --> 00:12:33,319 Speaker 1: quick and easy decision that ultimately isn't best, and it's 280 00:12:33,360 --> 00:12:36,120 Speaker 1: because we're in a bad financial standing. And I will say, man, 281 00:12:36,240 --> 00:12:39,200 Speaker 1: I don't know that I've made a necessarily a moral 282 00:12:39,360 --> 00:12:42,120 Speaker 1: decision that was bad because of a bad financial standing. 283 00:12:42,280 --> 00:12:44,040 Speaker 1: But I will say, when I had no money, I 284 00:12:44,080 --> 00:12:47,520 Speaker 1: feel like I made stupider money decisions. I remember distinctly 285 00:12:47,600 --> 00:12:50,720 Speaker 1: buying a car that was just cheap, and that cheap 286 00:12:50,800 --> 00:12:52,960 Speaker 1: car ended up costing me more in the long run. 287 00:12:53,160 --> 00:12:56,080 Speaker 1: It was just a bad money decision. And so when 288 00:12:56,120 --> 00:12:58,840 Speaker 1: you don't have that financial backing, you're just prone and 289 00:12:58,880 --> 00:13:02,400 Speaker 1: susceptible to making quicker decisions, and often ones that aren't 290 00:13:02,400 --> 00:13:05,640 Speaker 1: as well thought through and can ultimately be more harmful 291 00:13:05,679 --> 00:13:08,400 Speaker 1: for you further down the road. Yeah, man, I think 292 00:13:08,440 --> 00:13:11,440 Speaker 1: that's absolutely true. Uh. And this also applies not only 293 00:13:11,480 --> 00:13:15,280 Speaker 1: to jobs, but also in personal relationships. You know, you 294 00:13:15,360 --> 00:13:17,880 Speaker 1: might be dating someone who you feel isn't like quite 295 00:13:17,960 --> 00:13:21,000 Speaker 1: the right one. Better not you're married, I said, do 296 00:13:21,040 --> 00:13:23,720 Speaker 1: you not me? Uh? And you'd call it quits maybe, 297 00:13:23,760 --> 00:13:26,880 Speaker 1: except you feel a little, you know, financially dependent on them. 298 00:13:27,040 --> 00:13:28,680 Speaker 1: And this could also be the case to like in 299 00:13:28,720 --> 00:13:31,319 Speaker 1: a housing or a roommate situation, you know, like you've 300 00:13:31,360 --> 00:13:32,719 Speaker 1: got a roommate or you feel you need to have 301 00:13:32,760 --> 00:13:35,160 Speaker 1: a roommate because you're in a position of sort of 302 00:13:35,200 --> 00:13:37,520 Speaker 1: financial weakness, like you don't have a lot of strength, 303 00:13:37,960 --> 00:13:39,520 Speaker 1: and you're like, well, I need to take this on 304 00:13:39,640 --> 00:13:42,520 Speaker 1: and this isn't a great situation, but I I need 305 00:13:42,559 --> 00:13:44,240 Speaker 1: this roommate, you know, I need this to pay the 306 00:13:44,320 --> 00:13:46,240 Speaker 1: rent or I need this to pay the mortgage. And 307 00:13:46,280 --> 00:13:48,000 Speaker 1: you know, I think this could also even apply to 308 00:13:48,200 --> 00:13:51,319 Speaker 1: unhealthy relationships with parents. A lot of times parents certainly 309 00:13:51,320 --> 00:13:54,760 Speaker 1: have more money than children do, and sometimes it can 310 00:13:54,800 --> 00:13:56,360 Speaker 1: kind of get weird, you know, it can get weird 311 00:13:56,400 --> 00:13:59,679 Speaker 1: when there's money involved, and how that can affect the relationship, 312 00:13:59,720 --> 00:14:02,400 Speaker 1: how that can affect the dynamics. And I think that's 313 00:14:02,400 --> 00:14:05,480 Speaker 1: definitely something worth considering and worth keeping in mind when 314 00:14:05,559 --> 00:14:08,360 Speaker 1: it comes to having the ability to have that money 315 00:14:08,360 --> 00:14:10,720 Speaker 1: on hand. Yeah, and Matt, I think too. We're not 316 00:14:10,800 --> 00:14:14,040 Speaker 1: advocating necessarily saying peace out to personal relationships, right and 317 00:14:14,080 --> 00:14:17,040 Speaker 1: saying well I'm done with you, but having peace out 318 00:14:17,080 --> 00:14:19,440 Speaker 1: money allows you to kind of change the dynamic of 319 00:14:19,520 --> 00:14:23,240 Speaker 1: relationship that might be unhealthy or a relationship that you 320 00:14:23,280 --> 00:14:25,480 Speaker 1: can see, you know what this it's time for me 321 00:14:25,560 --> 00:14:27,640 Speaker 1: to move on, or if you know that it's not 322 00:14:27,720 --> 00:14:30,400 Speaker 1: working out, you know, it's just feeling trapped in the 323 00:14:30,400 --> 00:14:32,480 Speaker 1: same way that sometimes we feel trapped in our jobs, 324 00:14:32,720 --> 00:14:36,360 Speaker 1: which our relationships right their employer employee relationships, but the 325 00:14:36,360 --> 00:14:38,440 Speaker 1: same thing with you know, yeah, with interpersonal What makes 326 00:14:38,440 --> 00:14:40,760 Speaker 1: me think about our friend Grant, who runs the website 327 00:14:40,760 --> 00:14:43,160 Speaker 1: Millennial money dot com, and he tells a story about 328 00:14:43,160 --> 00:14:46,480 Speaker 1: how when he was in his mid twenties moving back 329 00:14:46,600 --> 00:14:49,720 Speaker 1: in with his parents and you know, eating dinner with 330 00:14:49,760 --> 00:14:52,040 Speaker 1: them every night, and it just changed the dynamic of 331 00:14:52,080 --> 00:14:54,920 Speaker 1: their relationship that he was living at home and his 332 00:14:55,000 --> 00:14:57,160 Speaker 1: parents thought, you know, you know what, it's probably time 333 00:14:57,200 --> 00:14:59,480 Speaker 1: for Grant to be like out of the nest, you know, 334 00:14:59,520 --> 00:15:02,160 Speaker 1: doing his own thing. And he felt that dynamic, right, 335 00:15:02,200 --> 00:15:04,360 Speaker 1: he understood, and he wanted to be out of the 336 00:15:04,400 --> 00:15:07,120 Speaker 1: nest too, and so then he just kind of got 337 00:15:07,200 --> 00:15:09,280 Speaker 1: him motivated to work harder and get that piece out 338 00:15:09,320 --> 00:15:11,080 Speaker 1: money and feel like he could leave. And it wasn't 339 00:15:11,120 --> 00:15:12,600 Speaker 1: that he want to say piece out to his parents. 340 00:15:12,800 --> 00:15:15,040 Speaker 1: It was it was that the dynamic was off, it 341 00:15:15,120 --> 00:15:17,800 Speaker 1: wasn't what he wanted to be, and having that money 342 00:15:18,080 --> 00:15:20,840 Speaker 1: gave him that power right to bring that like relationship 343 00:15:20,960 --> 00:15:22,960 Speaker 1: dynamic back to what he wanted it to be with 344 00:15:23,040 --> 00:15:25,360 Speaker 1: his parents, where he wasn't dependent on them in his 345 00:15:25,400 --> 00:15:27,720 Speaker 1: mid twenties, but where he kind of could have his 346 00:15:27,800 --> 00:15:30,440 Speaker 1: own life. And I think at that point in your life, 347 00:15:30,440 --> 00:15:32,800 Speaker 1: in your mid twenties, that's kind of the relationship you 348 00:15:32,840 --> 00:15:34,800 Speaker 1: want with your parents. You don't want to be dependent 349 00:15:34,840 --> 00:15:37,840 Speaker 1: on them. You you feel a sense of that. It's 350 00:15:37,920 --> 00:15:39,800 Speaker 1: that it's kind of weird, right that you're still dependent 351 00:15:39,840 --> 00:15:42,240 Speaker 1: on them at that age. And I remember going through 352 00:15:42,280 --> 00:15:45,120 Speaker 1: that at at different times. Specifically, I moved back in 353 00:15:45,200 --> 00:15:48,000 Speaker 1: with my parents for a few months when my roommate 354 00:15:48,040 --> 00:15:50,000 Speaker 1: moved to another state and I was saving up my 355 00:15:50,080 --> 00:15:52,680 Speaker 1: last few dollars to buy, you know, my first house, 356 00:15:53,080 --> 00:15:56,400 Speaker 1: and that three months was like really hard for me 357 00:15:56,680 --> 00:16:00,000 Speaker 1: as a year old to move back in with my parents. Um, 358 00:16:00,000 --> 00:16:02,080 Speaker 1: I was like super thankful that I had that ability 359 00:16:02,120 --> 00:16:05,120 Speaker 1: to go land there, but it was hard mentally. Relationally, 360 00:16:05,760 --> 00:16:09,360 Speaker 1: I'm thankful that we're close. I love my parents, but 361 00:16:09,400 --> 00:16:11,360 Speaker 1: it was weird, right, And and so I just think 362 00:16:11,400 --> 00:16:14,280 Speaker 1: that that peace out money developing, that having that ability 363 00:16:14,640 --> 00:16:16,840 Speaker 1: it can change the dynamic of relationship that you feel 364 00:16:16,880 --> 00:16:19,600 Speaker 1: like has gotten tweaked in a way that you didn't 365 00:16:19,640 --> 00:16:21,480 Speaker 1: want it to be. Yeah, man, that's right. There are 366 00:16:21,600 --> 00:16:24,320 Speaker 1: countless benefits to having peace out money. Um. And as 367 00:16:24,360 --> 00:16:26,600 Speaker 1: we talk about this too, it sounds like we might 368 00:16:26,600 --> 00:16:30,640 Speaker 1: be talking even more about financial independence, and it's not 369 00:16:30,840 --> 00:16:32,640 Speaker 1: the way we're defining it. In the way we're talking 370 00:16:32,680 --> 00:16:36,240 Speaker 1: about it. Peace out money is different than being financially independent, 371 00:16:36,680 --> 00:16:48,280 Speaker 1: and after the break we will tell you how. Okay, man, 372 00:16:48,400 --> 00:16:50,560 Speaker 1: So we just touched on this, but having peace out 373 00:16:50,600 --> 00:16:53,960 Speaker 1: money is not the same thing as hitting or achieving 374 00:16:54,000 --> 00:16:59,440 Speaker 1: financial independence. And so specifically financial independence or PHI like 375 00:16:59,480 --> 00:17:02,000 Speaker 1: we refer to it sometimes is being able to do 376 00:17:02,200 --> 00:17:06,160 Speaker 1: whatever you want, whenever you want and essentially indefinitely. Right. 377 00:17:06,240 --> 00:17:10,040 Speaker 1: It's sort of the pinnacle. That's that's the goal that 378 00:17:10,520 --> 00:17:13,840 Speaker 1: a lot of us are sort of loosely chasing after, 379 00:17:14,040 --> 00:17:17,360 Speaker 1: or some folks are going after it like hardcore essentially 380 00:17:17,400 --> 00:17:20,200 Speaker 1: not having to work anymore where you don't need that income, 381 00:17:20,840 --> 00:17:23,119 Speaker 1: all right, man. Yeah, So think of piece our money 382 00:17:23,160 --> 00:17:26,639 Speaker 1: as more of many retirement compared to early retirement. Right, 383 00:17:26,720 --> 00:17:29,000 Speaker 1: peace out money gives you that ability to change course, 384 00:17:29,040 --> 00:17:31,200 Speaker 1: find a new career, or go back to school, even 385 00:17:31,280 --> 00:17:33,760 Speaker 1: start a new business, even if you're not financially independent, right, 386 00:17:33,760 --> 00:17:36,320 Speaker 1: because that that's like a big bar to try to 387 00:17:36,359 --> 00:17:40,960 Speaker 1: achieve becoming financially independent. That takes usually for most people 388 00:17:41,440 --> 00:17:43,560 Speaker 1: a lot more than a decade even yeah, yeah, years 389 00:17:43,560 --> 00:17:46,080 Speaker 1: and years. But peace out money can be achieved rather 390 00:17:46,160 --> 00:17:48,679 Speaker 1: quickly and gives you that ability to say, you know what, 391 00:17:48,760 --> 00:17:50,280 Speaker 1: I don't have to do anything I don't want to 392 00:17:50,280 --> 00:17:52,600 Speaker 1: do for the next three months. But there's some people 393 00:17:52,640 --> 00:17:56,200 Speaker 1: that have prioritized many retirements, which means I take a 394 00:17:56,240 --> 00:17:57,959 Speaker 1: little bit of time here. I take a little bit 395 00:17:58,000 --> 00:18:00,240 Speaker 1: of time two years from now, uh, and I get 396 00:18:00,280 --> 00:18:02,159 Speaker 1: to pursue the things that I want. I get to 397 00:18:02,160 --> 00:18:04,680 Speaker 1: travel for a little bit, live cheaply, whatever it is. 398 00:18:04,960 --> 00:18:07,960 Speaker 1: But I'm not committing myself to a full time day job. 399 00:18:08,320 --> 00:18:10,240 Speaker 1: And think of peace of money kind of like that. 400 00:18:10,359 --> 00:18:13,480 Speaker 1: It's not this full on early retirement. I'm done, but 401 00:18:13,680 --> 00:18:15,479 Speaker 1: it is this mini retirement where you get to take 402 00:18:15,480 --> 00:18:18,679 Speaker 1: a break. It's like stop gap financial independence, you know, 403 00:18:18,760 --> 00:18:21,160 Speaker 1: like Cobra health insurance. It's sort of like this sort 404 00:18:21,160 --> 00:18:23,960 Speaker 1: of filler like in the meantime, like you said, while 405 00:18:23,960 --> 00:18:26,560 Speaker 1: you're trying to sort of redirect your career or figure 406 00:18:26,560 --> 00:18:28,400 Speaker 1: out what it is that's most important to you. It's 407 00:18:28,400 --> 00:18:30,320 Speaker 1: sort of like a bridge to kind of get you 408 00:18:30,400 --> 00:18:32,960 Speaker 1: from the work that you're doing now to the work 409 00:18:32,960 --> 00:18:35,120 Speaker 1: that you're gonna want to do on the other side 410 00:18:35,119 --> 00:18:37,560 Speaker 1: of that. It's not the absence of work, it's kind 411 00:18:37,560 --> 00:18:40,159 Speaker 1: of getting from work now, so what you actually want 412 00:18:40,240 --> 00:18:42,600 Speaker 1: to be doing after the fact. Yeah, So that's the 413 00:18:42,600 --> 00:18:45,119 Speaker 1: biggest difference. You need that piece of money and it 414 00:18:45,119 --> 00:18:48,240 Speaker 1: helps smooth that path. So that brings up the question. 415 00:18:48,280 --> 00:18:51,200 Speaker 1: I feel like, Matt, at what point have you achieved 416 00:18:51,560 --> 00:18:54,080 Speaker 1: this goal of peace out money? There is no magic number, 417 00:18:54,119 --> 00:18:56,200 Speaker 1: as it turns out, and it's different for everyone. Yeah, 418 00:18:56,200 --> 00:18:58,399 Speaker 1: and it's almost less of a goal, and it's just 419 00:18:58,440 --> 00:19:00,240 Speaker 1: sort of like this thing that you're working on, you know, 420 00:19:00,280 --> 00:19:02,080 Speaker 1: it's sort of like this fund that you're kind of 421 00:19:02,119 --> 00:19:05,560 Speaker 1: building up to deploy, you know, when the time arises 422 00:19:05,560 --> 00:19:07,720 Speaker 1: when you are finally fed up, maybe with your job, 423 00:19:07,800 --> 00:19:09,959 Speaker 1: or maybe when you see an opportunity that comes along 424 00:19:10,359 --> 00:19:12,159 Speaker 1: where you think, you know, this is going to require 425 00:19:12,240 --> 00:19:13,920 Speaker 1: six months of my time, or this is going to 426 00:19:14,000 --> 00:19:16,600 Speaker 1: require a few months of me hanging out with my 427 00:19:16,680 --> 00:19:19,000 Speaker 1: family what you know, it doesn't have to be work related. 428 00:19:19,000 --> 00:19:22,480 Speaker 1: It can just even be a personal value sort of thing. 429 00:19:23,040 --> 00:19:24,439 Speaker 1: So it's not like there's gonna be a point at 430 00:19:24,440 --> 00:19:26,119 Speaker 1: which you feel like you've achieved it. It's not like 431 00:19:26,160 --> 00:19:28,960 Speaker 1: financial independence like we said, uh in that way, but 432 00:19:29,080 --> 00:19:31,719 Speaker 1: it's something that you're you're working towards. So figure out 433 00:19:31,760 --> 00:19:33,680 Speaker 1: your goals, you know, again, whether that be a six 434 00:19:33,720 --> 00:19:36,480 Speaker 1: month road trip maybe with some friends, or just taking 435 00:19:36,520 --> 00:19:39,159 Speaker 1: a year off to start a business, that length of 436 00:19:39,240 --> 00:19:42,040 Speaker 1: time is what's going to determine how much peace out 437 00:19:42,080 --> 00:19:44,880 Speaker 1: money you need to have on hand. Yeah, So depending 438 00:19:44,960 --> 00:19:47,600 Speaker 1: on what your goal is, that kind of determines the 439 00:19:47,680 --> 00:19:49,840 Speaker 1: level of peace out money you need to be working 440 00:19:49,840 --> 00:19:51,720 Speaker 1: to achieve. So you need to make sure you have 441 00:19:51,880 --> 00:19:55,159 Speaker 1: enough set aside to cover your living expenses for that 442 00:19:55,160 --> 00:19:58,520 Speaker 1: period of time, assuming that you'll be able to begin 443 00:19:58,600 --> 00:20:00,840 Speaker 1: working or earning again when they time period is up. 444 00:20:01,040 --> 00:20:03,520 Speaker 1: So if you are taking that year to start a business, right, 445 00:20:03,520 --> 00:20:05,840 Speaker 1: you know, you're gonna be working the whole time, but 446 00:20:05,880 --> 00:20:08,840 Speaker 1: you're gonna be building that thing that you want to build, right, 447 00:20:09,000 --> 00:20:10,720 Speaker 1: and so you're gonna need a year's worth of peace 448 00:20:10,760 --> 00:20:13,960 Speaker 1: out money. While you are able to say, buy to 449 00:20:14,080 --> 00:20:16,320 Speaker 1: your day job and go work at this business that 450 00:20:16,359 --> 00:20:18,360 Speaker 1: you know is going to be successful, that you are 451 00:20:18,480 --> 00:20:21,280 Speaker 1: excited to create and that gets you jazz to wake 452 00:20:21,359 --> 00:20:23,240 Speaker 1: up every morning. Right, that is worth it. That is 453 00:20:23,280 --> 00:20:26,000 Speaker 1: worth a year's worth of expenses. And so it doesn't 454 00:20:26,480 --> 00:20:28,959 Speaker 1: mean you have to be financially independent, but you do 455 00:20:29,040 --> 00:20:31,399 Speaker 1: have to have that year's worth of peace out money 456 00:20:31,560 --> 00:20:34,120 Speaker 1: in order to make that dream a reality. So, dude, 457 00:20:34,160 --> 00:20:37,080 Speaker 1: speaking of something that I wanted to create, that's exactly 458 00:20:37,119 --> 00:20:38,919 Speaker 1: what Wiki and I did when it came to our 459 00:20:38,960 --> 00:20:41,600 Speaker 1: photography company. You know, I was working full time as 460 00:20:41,680 --> 00:20:45,040 Speaker 1: a graphic designer, and we had this dream to start 461 00:20:45,040 --> 00:20:47,040 Speaker 1: our own business and to we'll be able to work together. 462 00:20:47,320 --> 00:20:49,160 Speaker 1: And we were able to do that. Man, we had 463 00:20:49,720 --> 00:20:51,560 Speaker 1: saved up enough money. We had, you know, our peace 464 00:20:51,600 --> 00:20:54,520 Speaker 1: out money set aside. Also though we were making money 465 00:20:54,520 --> 00:20:56,840 Speaker 1: from the very beginning, and so for us, it wasn't 466 00:20:57,200 --> 00:21:00,000 Speaker 1: as risky or as scary of a step because from 467 00:21:00,040 --> 00:21:02,320 Speaker 1: a one we're able to start earning some income, you know, 468 00:21:02,359 --> 00:21:04,600 Speaker 1: from our side gig. But that being said, if we 469 00:21:04,600 --> 00:21:06,359 Speaker 1: didn't have any money, if we didn't have any of 470 00:21:06,359 --> 00:21:08,439 Speaker 1: that piece out money in case things would have fell flat, 471 00:21:08,480 --> 00:21:11,719 Speaker 1: it would have been much much scarier to have stepped 472 00:21:11,720 --> 00:21:13,840 Speaker 1: away from that W two you know, Yeah, Matt, And 473 00:21:13,840 --> 00:21:15,760 Speaker 1: that makes me think about episode thirty five that we 474 00:21:15,800 --> 00:21:17,639 Speaker 1: talked about creating a dope side hustle, and it kind 475 00:21:17,680 --> 00:21:19,520 Speaker 1: of intertwines with this. If that's something that you really 476 00:21:19,520 --> 00:21:21,440 Speaker 1: want to do, you want to create your own thing, 477 00:21:21,720 --> 00:21:23,720 Speaker 1: go check out that episode and I think you know 478 00:21:23,760 --> 00:21:25,960 Speaker 1: what you're talking about there. That was your side hustle 479 00:21:26,160 --> 00:21:28,199 Speaker 1: that turned into a full time gig. But the thing 480 00:21:28,240 --> 00:21:32,200 Speaker 1: that bridged you over right from side hustle to being 481 00:21:32,240 --> 00:21:33,879 Speaker 1: a full time gig was that peace out money. It 482 00:21:33,960 --> 00:21:35,960 Speaker 1: gave you that buffer that said, you know what I 483 00:21:36,000 --> 00:21:37,800 Speaker 1: can fail or not do as well as I think 484 00:21:37,800 --> 00:21:40,160 Speaker 1: I'm gonna do for a period of time while I'm 485 00:21:40,160 --> 00:21:42,480 Speaker 1: building this thing up, and that piece out money, man, 486 00:21:42,520 --> 00:21:44,919 Speaker 1: it gave you a lot of confidence to tackle that 487 00:21:45,000 --> 00:21:48,680 Speaker 1: endeavor that you felt compelled to do. Yeah. And something else, man, 488 00:21:48,760 --> 00:21:52,239 Speaker 1: is that we didn't have uh any debt when we 489 00:21:52,240 --> 00:21:55,000 Speaker 1: were able to to take that on. Had we had 490 00:21:55,040 --> 00:21:57,280 Speaker 1: a lot more debt or you know, any payments sort 491 00:21:57,280 --> 00:21:59,480 Speaker 1: of hanging over our head, we would have had to 492 00:21:59,520 --> 00:22:03,880 Speaker 1: have a massed and stored up a much fatter uh 493 00:22:03,960 --> 00:22:07,280 Speaker 1: piece out money stash, right, and that may have sort 494 00:22:07,320 --> 00:22:09,800 Speaker 1: of throwing a wet blanket on our dreams to kind 495 00:22:09,800 --> 00:22:11,760 Speaker 1: of start our own business. And so because we were 496 00:22:11,800 --> 00:22:14,200 Speaker 1: living frugally, and we'll talk more about that a little 497 00:22:14,200 --> 00:22:16,280 Speaker 1: bit later, but we were able to sort of chase 498 00:22:16,359 --> 00:22:18,439 Speaker 1: after what it was that we wanted to do sooner. 499 00:22:19,040 --> 00:22:20,800 Speaker 1: All right, Matt, after the break, we'll talk about where 500 00:22:20,840 --> 00:22:23,160 Speaker 1: you should be putting your piece out money and how 501 00:22:23,200 --> 00:22:25,400 Speaker 1: you should be thinking about it if you don't feel 502 00:22:25,400 --> 00:22:27,240 Speaker 1: like you even have a solid goal in mind yet. 503 00:22:35,960 --> 00:22:37,560 Speaker 1: All right, Matt, back to the break, and we want 504 00:22:37,560 --> 00:22:39,600 Speaker 1: to talk about where you should be keeping your peace 505 00:22:39,640 --> 00:22:42,760 Speaker 1: out money because we've talked a lot kind of about 506 00:22:42,800 --> 00:22:46,240 Speaker 1: the philosophy behind it, why you want to accrue it. Yeah, 507 00:22:46,480 --> 00:22:48,760 Speaker 1: now the nuts and bolts, man, nuts and bolts, lay 508 00:22:48,760 --> 00:22:50,439 Speaker 1: it on us. Well, you don't want to tap your 509 00:22:50,440 --> 00:22:53,520 Speaker 1: four oh one k right in the event of feeling 510 00:22:53,520 --> 00:22:55,280 Speaker 1: like you need to get get out of a situation, 511 00:22:55,480 --> 00:22:57,360 Speaker 1: feeling like you need to quit your job, or it's 512 00:22:57,400 --> 00:22:59,320 Speaker 1: time to start your own business, or even if you 513 00:22:59,320 --> 00:23:01,240 Speaker 1: just want to get out of a living situation, right, 514 00:23:01,240 --> 00:23:03,520 Speaker 1: Like we mentioned earlier, tapping her four oh one k, 515 00:23:03,960 --> 00:23:07,119 Speaker 1: getting those reserves, you know, in paying the tax and 516 00:23:07,160 --> 00:23:09,800 Speaker 1: penalties associated with it, that's not what you want to do. 517 00:23:09,960 --> 00:23:12,160 Speaker 1: So your piece out money should not be in long 518 00:23:12,280 --> 00:23:15,640 Speaker 1: term investments, I will say, you know, over time, years 519 00:23:15,680 --> 00:23:18,919 Speaker 1: and decades of accruing investments like that can actually kind 520 00:23:18,920 --> 00:23:20,760 Speaker 1: of help you and give you a little more fortitude 521 00:23:20,760 --> 00:23:23,600 Speaker 1: when it comes to making decisions that might not be 522 00:23:23,640 --> 00:23:26,320 Speaker 1: in the best interest of your pocketbook but in the 523 00:23:26,320 --> 00:23:29,040 Speaker 1: best interest of your life choices. But to live on 524 00:23:29,200 --> 00:23:31,480 Speaker 1: for the time being when you're making an important decision, 525 00:23:31,880 --> 00:23:34,879 Speaker 1: that piece out money needs to be liquid and readily available, 526 00:23:35,359 --> 00:23:39,000 Speaker 1: and alternative source of income is also just really helpful. 527 00:23:39,240 --> 00:23:41,080 Speaker 1: Uh So this can either come from say like a 528 00:23:41,160 --> 00:23:44,080 Speaker 1: rental or maybe a side hustle that you have. Um 529 00:23:44,160 --> 00:23:46,520 Speaker 1: and this is definitely, uh something that's great to have 530 00:23:46,600 --> 00:23:49,920 Speaker 1: if you're younger. But not having just that massive sort 531 00:23:49,960 --> 00:23:52,359 Speaker 1: of war chest, right that you saved up for this 532 00:23:52,359 --> 00:23:55,119 Speaker 1: this opportunity or for whatever reason it is that you know, 533 00:23:55,119 --> 00:23:56,800 Speaker 1: want to be able to take some time off. That 534 00:23:56,960 --> 00:23:58,800 Speaker 1: is not the only way to be able to have 535 00:23:58,800 --> 00:24:00,600 Speaker 1: that piece out money. You know, you have sort of 536 00:24:00,640 --> 00:24:03,080 Speaker 1: this stack of cash, but then you can also have 537 00:24:03,240 --> 00:24:05,280 Speaker 1: that sort of side source of income and that will 538 00:24:05,320 --> 00:24:07,679 Speaker 1: help offset the amount of money that you need to 539 00:24:07,720 --> 00:24:11,520 Speaker 1: have set aside in order to piece out. Yeah, something 540 00:24:11,560 --> 00:24:13,879 Speaker 1: else that kind of helps offset that amount of money 541 00:24:13,880 --> 00:24:16,480 Speaker 1: that you need is living a frugal lifestyle. Right In 542 00:24:16,520 --> 00:24:17,960 Speaker 1: a while Backmatt, in one of the in one of 543 00:24:17,960 --> 00:24:20,960 Speaker 1: our episodes, we talked about how frugality gives you options, 544 00:24:21,280 --> 00:24:23,800 Speaker 1: and it kind of is the same exact thing here. 545 00:24:24,160 --> 00:24:27,800 Speaker 1: Just living a frugal lifestyle, less money coming out of 546 00:24:27,840 --> 00:24:30,320 Speaker 1: your account every month than is coming in and buy 547 00:24:30,400 --> 00:24:33,400 Speaker 1: a wide margin, right living that frugal lifestyle. If you're 548 00:24:33,440 --> 00:24:36,360 Speaker 1: spending is equivalent to your earnings, you can't save up 549 00:24:36,520 --> 00:24:39,400 Speaker 1: piece out money. It's not possible. You'll be a perpetual 550 00:24:39,400 --> 00:24:42,160 Speaker 1: slave to your job. So listen to episode number twenty 551 00:24:42,240 --> 00:24:45,320 Speaker 1: eight for more on how frugality can give you those options. 552 00:24:45,560 --> 00:24:48,440 Speaker 1: Cutting back and making sure that you're able to save 553 00:24:48,720 --> 00:24:51,200 Speaker 1: more and more of your paycheck gives you that piece 554 00:24:51,200 --> 00:24:54,160 Speaker 1: out money much more quickly. And then also it means 555 00:24:54,240 --> 00:24:57,880 Speaker 1: that you have a lesser lifestyle to fund while you're 556 00:24:58,080 --> 00:25:02,000 Speaker 1: trying to achieve that new goal or make that life change, dude. 557 00:25:02,000 --> 00:25:05,600 Speaker 1: I love that. That's awesome. Also, be brave and take 558 00:25:05,640 --> 00:25:08,920 Speaker 1: those risks. There's no point and having that piece of 559 00:25:09,040 --> 00:25:11,439 Speaker 1: money if you don't use it when the time comes 560 00:25:11,480 --> 00:25:13,679 Speaker 1: and when you need it. You're not just saving up 561 00:25:13,680 --> 00:25:16,520 Speaker 1: that money. It's to become wealthier and to fatten your 562 00:25:16,600 --> 00:25:19,240 Speaker 1: your checking account or your savings account. You're you're creating 563 00:25:19,280 --> 00:25:22,359 Speaker 1: that piece of money in order to make your life better. 564 00:25:22,400 --> 00:25:24,320 Speaker 1: You know, when there's opportunities, like we keep saying that 565 00:25:24,359 --> 00:25:26,280 Speaker 1: come along, that is when you need to put that 566 00:25:26,320 --> 00:25:29,520 Speaker 1: money into use. You have that money for opportunities. It's 567 00:25:29,520 --> 00:25:31,719 Speaker 1: there to make your life better. It's not there just 568 00:25:31,760 --> 00:25:35,199 Speaker 1: to make you feel richer or to inflate your lifestyle. Yeah. Man, 569 00:25:35,240 --> 00:25:38,240 Speaker 1: that makes me think too that you should start working 570 00:25:38,280 --> 00:25:41,639 Speaker 1: on that piece o money fund now, even if you 571 00:25:41,760 --> 00:25:44,119 Speaker 1: don't really know what your goal is, right. So I 572 00:25:44,160 --> 00:25:46,119 Speaker 1: feel like too, especially if you're listening to this and 573 00:25:46,200 --> 00:25:49,400 Speaker 1: you're in your early twenties and you're not sure, like, 574 00:25:49,560 --> 00:25:51,920 Speaker 1: why would I started asking this fund? I don't really 575 00:25:51,960 --> 00:25:53,520 Speaker 1: know what my goal is, right, I'm new to the 576 00:25:53,560 --> 00:25:56,440 Speaker 1: work world and I'm kind of figuring out the ropes 577 00:25:56,560 --> 00:25:59,040 Speaker 1: right now. Well, the piece of money fund is still 578 00:25:59,040 --> 00:26:01,720 Speaker 1: really important for you because in a few years you're 579 00:26:01,720 --> 00:26:04,119 Speaker 1: gonna kind of start to realize what you like, what 580 00:26:04,240 --> 00:26:06,480 Speaker 1: you don't like about your job, what you want out 581 00:26:06,480 --> 00:26:08,920 Speaker 1: of a career, and building up that piece out money 582 00:26:08,920 --> 00:26:12,399 Speaker 1: fund now gives you that ability kind of right when 583 00:26:12,440 --> 00:26:15,000 Speaker 1: you start to realize it, to to make some moves. 584 00:26:15,320 --> 00:26:17,440 Speaker 1: And for someone right now who doesn't have a piece 585 00:26:17,440 --> 00:26:19,919 Speaker 1: out money fund and they are stuck in a job 586 00:26:20,080 --> 00:26:23,560 Speaker 1: or stuck in a living situation that they're not thrilled about, right, well, 587 00:26:23,560 --> 00:26:26,280 Speaker 1: you gotta start working on it now. Uh. And there's 588 00:26:26,320 --> 00:26:28,959 Speaker 1: there's no better time than the present to make a change, 589 00:26:29,200 --> 00:26:33,359 Speaker 1: to increase your savings rate and to start developing that fund. Yes, So, 590 00:26:33,400 --> 00:26:35,680 Speaker 1: no matter whether you are early on in your work 591 00:26:35,680 --> 00:26:38,000 Speaker 1: career and you don't have your goal yet, or you're 592 00:26:38,040 --> 00:26:40,400 Speaker 1: just starting to realize that you don't really love your 593 00:26:40,440 --> 00:26:42,840 Speaker 1: career and you also don't have a goal in mind, 594 00:26:43,000 --> 00:26:45,400 Speaker 1: we'll start working on that piece out money fund now. 595 00:26:45,800 --> 00:26:48,240 Speaker 1: And it might take some time to realize what that 596 00:26:48,280 --> 00:26:50,480 Speaker 1: goal is, but start also kind of putting that time 597 00:26:50,480 --> 00:26:53,159 Speaker 1: in mentally to think about what it is you really 598 00:26:53,160 --> 00:26:55,399 Speaker 1: want out of life. Yeah, man, you know, honestly, This 599 00:26:55,480 --> 00:26:57,840 Speaker 1: makes me think of like the Why behind Money episode 600 00:26:57,840 --> 00:26:59,320 Speaker 1: that we did, and I feel like this is one 601 00:26:59,320 --> 00:27:01,439 Speaker 1: that we're gonna read is it constantly because for so 602 00:27:01,520 --> 00:27:04,960 Speaker 1: many people, that's that's where they are. They might be, 603 00:27:05,119 --> 00:27:06,720 Speaker 1: like you said earlier in the career and they don't 604 00:27:06,760 --> 00:27:09,240 Speaker 1: know exactly why they're sort of saving up their money. 605 00:27:09,240 --> 00:27:10,639 Speaker 1: They're like, well, why would I want to do that? 606 00:27:10,680 --> 00:27:12,919 Speaker 1: You know, I don't have any clear cut goals, I 607 00:27:12,960 --> 00:27:15,480 Speaker 1: don't have any sort of aspirations beyond what I'm doing 608 00:27:15,560 --> 00:27:17,399 Speaker 1: right now and I'm enjoying it, So why would I 609 00:27:17,400 --> 00:27:19,560 Speaker 1: want to, you know, have piece out money. Well, the 610 00:27:19,600 --> 00:27:22,120 Speaker 1: fact is there will likely come a time when you're 611 00:27:22,119 --> 00:27:24,560 Speaker 1: gonna want to make a change, and it's always helpful 612 00:27:24,600 --> 00:27:27,800 Speaker 1: to you know, to have savings to invest, or to 613 00:27:27,880 --> 00:27:30,159 Speaker 1: have margin, to be able to take time off, or 614 00:27:30,200 --> 00:27:32,159 Speaker 1: to have piece out money to say all right, I'm 615 00:27:32,160 --> 00:27:35,560 Speaker 1: gonna take this new opportunity giving yourself that that margin, 616 00:27:35,600 --> 00:27:38,840 Speaker 1: and essentially that's kind of all piece out money is, right, Like, 617 00:27:38,880 --> 00:27:40,840 Speaker 1: you can call it different things. You can call it 618 00:27:41,119 --> 00:27:43,560 Speaker 1: an emergency fund, or you can call it a cushion, 619 00:27:44,000 --> 00:27:46,200 Speaker 1: but what you use it for, in my mind, that's 620 00:27:46,240 --> 00:27:48,720 Speaker 1: what makes it piece out money, right, Yeah, that's the 621 00:27:48,760 --> 00:27:51,359 Speaker 1: mindset behind it. Yeah, it's that next step. It's like, Okay, 622 00:27:51,359 --> 00:27:53,480 Speaker 1: how am I going to get from here to there? 623 00:27:53,480 --> 00:27:55,679 Speaker 1: Like how am I going to bridge that gap to 624 00:27:55,760 --> 00:27:57,560 Speaker 1: do what I really want to do and what I 625 00:27:57,600 --> 00:28:00,480 Speaker 1: really love? And that, to me, that's it. That's like 626 00:28:00,520 --> 00:28:02,320 Speaker 1: the essence of peace out money. I don't know why, 627 00:28:02,359 --> 00:28:04,360 Speaker 1: but it's really making me think about Michael Jackson's Man 628 00:28:04,359 --> 00:28:06,679 Speaker 1: in the Mirror right now, right, I'm asking her to 629 00:28:06,680 --> 00:28:10,560 Speaker 1: make a change. No, maybe, m I love it, man, 630 00:28:10,600 --> 00:28:14,520 Speaker 1: that's a classic Man in the Mirror. But really, we 631 00:28:14,560 --> 00:28:16,359 Speaker 1: want you to do what you love and and not 632 00:28:16,400 --> 00:28:19,360 Speaker 1: work for the money. And because I I it's super cliche, right, 633 00:28:19,400 --> 00:28:21,240 Speaker 1: but if you love what you do, right, you don't 634 00:28:21,240 --> 00:28:22,720 Speaker 1: feel like you don't work a day in your life. 635 00:28:22,840 --> 00:28:24,480 Speaker 1: And I feel like, Matt, you and I are both 636 00:28:24,560 --> 00:28:27,960 Speaker 1: in this amazing position where we both really love what 637 00:28:28,040 --> 00:28:32,119 Speaker 1: we do and neither of us make crap tons of money, 638 00:28:32,160 --> 00:28:34,720 Speaker 1: but we just really like going to work every day. 639 00:28:34,720 --> 00:28:36,119 Speaker 1: We like the people that we work with, we like 640 00:28:36,160 --> 00:28:38,760 Speaker 1: the projects that we work on. Right, And that's that's man. 641 00:28:38,920 --> 00:28:40,520 Speaker 1: I feel like it's really fortunate. I feel like, at 642 00:28:40,600 --> 00:28:42,960 Speaker 1: least for me, you know, I had a lot of 643 00:28:43,000 --> 00:28:45,360 Speaker 1: clarity for some reason, I don't know why, early on 644 00:28:45,440 --> 00:28:47,840 Speaker 1: about what I wanted to do and and and that's 645 00:28:47,880 --> 00:28:49,360 Speaker 1: been great. I feel like some people don't have it 646 00:28:49,440 --> 00:28:51,680 Speaker 1: until a little bit later, and that's okay. But that 647 00:28:51,720 --> 00:28:55,160 Speaker 1: peace out money can allow you that that bridge right 648 00:28:55,600 --> 00:28:58,440 Speaker 1: to smooth the path as you're trying to get onto 649 00:28:58,440 --> 00:29:00,280 Speaker 1: the next thing that you know what, now I've had 650 00:29:00,280 --> 00:29:02,479 Speaker 1: this moment of clarity. Now I realized that I want 651 00:29:02,520 --> 00:29:04,520 Speaker 1: to make this change, and that piece out money just 652 00:29:04,640 --> 00:29:07,320 Speaker 1: makes it easier to look at that man in the 653 00:29:07,360 --> 00:29:11,120 Speaker 1: mirror and make that change. Yeah. Yeah, and also too, 654 00:29:11,200 --> 00:29:12,840 Speaker 1: I mean you said to not work for the money, 655 00:29:12,880 --> 00:29:15,880 Speaker 1: but like some folks might have a great paying job 656 00:29:15,960 --> 00:29:18,920 Speaker 1: and they may not think, well, I don't necessarily completely 657 00:29:19,000 --> 00:29:21,520 Speaker 1: love what I do, but I like it a lot. 658 00:29:22,000 --> 00:29:23,800 Speaker 1: And so I think to those people, I think there's 659 00:29:23,800 --> 00:29:25,520 Speaker 1: a lot of people that might follow in that boat, right, 660 00:29:25,560 --> 00:29:28,160 Speaker 1: And to those folks, I would say, like, don't work 661 00:29:28,280 --> 00:29:30,160 Speaker 1: just for the money, Like there's a lot of reasons 662 00:29:30,160 --> 00:29:32,120 Speaker 1: why you might have that job, but just make sure 663 00:29:32,120 --> 00:29:34,960 Speaker 1: that money isn't just the only reason. And like just 664 00:29:35,000 --> 00:29:38,360 Speaker 1: saying that kind of sounds privileged to say, oh, just 665 00:29:38,440 --> 00:29:39,800 Speaker 1: do you know, do what it is that you love 666 00:29:39,840 --> 00:29:43,400 Speaker 1: follow the millennial dream. And I'll admit to that to 667 00:29:43,400 --> 00:29:46,760 Speaker 1: a certain extent. However, anyone can have peace out money 668 00:29:46,800 --> 00:29:49,920 Speaker 1: if they're not spending every single dollar that they're earning. 669 00:29:50,520 --> 00:29:54,000 Speaker 1: All right, Matt. Back to the beer yeast, Atlanta Brewers 670 00:29:54,040 --> 00:29:58,479 Speaker 1: are Buddies donated an fod brewin that's been chilling in 671 00:29:59,200 --> 00:30:03,280 Speaker 1: John's so Aller for four years. And this was a little, 672 00:30:03,320 --> 00:30:05,880 Speaker 1: really nice little homebrew. Yeah, man, I'm with you. It's 673 00:30:05,880 --> 00:30:08,280 Speaker 1: it's actually super cool, like you mentioned earlier, to have 674 00:30:08,360 --> 00:30:11,240 Speaker 1: this right after we had something similar to this last week. 675 00:30:11,680 --> 00:30:13,920 Speaker 1: And how would you compare it, like compare the two, 676 00:30:14,000 --> 00:30:17,200 Speaker 1: because because I would say that this is crazy easy drinking, 677 00:30:17,800 --> 00:30:18,920 Speaker 1: I don't know with the A B V on it, 678 00:30:18,960 --> 00:30:21,200 Speaker 1: because it's just written on a bottle with like a 679 00:30:21,240 --> 00:30:26,000 Speaker 1: marker that's that says he's the London Verso Bruin, which, 680 00:30:26,040 --> 00:30:28,760 Speaker 1: by the way, like literally reads old brown aile. So 681 00:30:28,760 --> 00:30:31,320 Speaker 1: it's like a it's a like a flameders brown. So, 682 00:30:31,680 --> 00:30:34,320 Speaker 1: you know, not unlike what we had last week, except 683 00:30:34,320 --> 00:30:37,520 Speaker 1: that this one it's not aged in barrels and it's 684 00:30:37,560 --> 00:30:40,400 Speaker 1: not aged on fruit, but it's still got the same flavors. 685 00:30:40,480 --> 00:30:42,840 Speaker 1: It's it's got like almost a little bit of like 686 00:30:42,880 --> 00:30:46,400 Speaker 1: Sayson kind of funk to it, but still really delicious. Yeah, 687 00:30:46,440 --> 00:30:49,320 Speaker 1: I agree, it's it's nice. The tartness level is just 688 00:30:49,480 --> 00:30:52,520 Speaker 1: barely there, which is kind of nice. Makes it really sessionable. 689 00:30:52,560 --> 00:30:55,680 Speaker 1: You feel like you could drink this this beer really quickly. 690 00:30:55,880 --> 00:30:58,080 Speaker 1: But it's also really got a lot of flavor packed 691 00:30:58,080 --> 00:31:00,760 Speaker 1: into it at the same time. So I really enjoyed 692 00:31:00,760 --> 00:31:03,000 Speaker 1: this beer. Um, it's really good. It's kind of one 693 00:31:03,040 --> 00:31:05,240 Speaker 1: of those styles that I feel like, I often like 694 00:31:05,320 --> 00:31:07,840 Speaker 1: the more abrasive beers, the beers that like pack this punch, 695 00:31:07,920 --> 00:31:10,280 Speaker 1: that slapping in the tongue, and this one those are 696 00:31:10,280 --> 00:31:12,160 Speaker 1: like kind of prize beers where you're like, Okay, I'm 697 00:31:12,160 --> 00:31:14,680 Speaker 1: gonna plan my whole evening around this one beer. Right 698 00:31:14,720 --> 00:31:16,920 Speaker 1: where this I'm like I could do I could drink 699 00:31:16,960 --> 00:31:19,160 Speaker 1: this with any of Kate's cooking and it would be 700 00:31:20,280 --> 00:31:23,040 Speaker 1: so good, you know, completely completely. I Yeah, I really 701 00:31:23,120 --> 00:31:25,200 Speaker 1: enjoyed it, and I love kind of how it's mellowed 702 00:31:25,200 --> 00:31:28,000 Speaker 1: out in the bottle over a few years hanging out 703 00:31:28,000 --> 00:31:31,400 Speaker 1: in John cellar, and man, I think this is just 704 00:31:31,600 --> 00:31:36,160 Speaker 1: a really fantastic beer for especially being just dudes to 705 00:31:36,240 --> 00:31:39,200 Speaker 1: get together and brew on their downtime. I mean, this 706 00:31:39,280 --> 00:31:42,640 Speaker 1: is really really tasty. They definitely have learned a lot 707 00:31:42,680 --> 00:31:44,760 Speaker 1: about the brewing process because this is not a weak 708 00:31:44,800 --> 00:31:47,600 Speaker 1: beer by any stretch of the imagination. Yeah, man, it 709 00:31:47,720 --> 00:31:49,920 Speaker 1: is strong. So John, thank you so much for donating 710 00:31:49,920 --> 00:31:52,040 Speaker 1: this beer. Man, We really appreciate it. Thank you for 711 00:31:52,120 --> 00:31:55,080 Speaker 1: supporting the show. All right, Joel, let's do some final thoughts. 712 00:31:55,120 --> 00:31:57,960 Speaker 1: Peace out money it is having enough money to leave 713 00:31:58,040 --> 00:32:01,280 Speaker 1: situations where you could technically stay, but you're gonna choose 714 00:32:01,360 --> 00:32:04,000 Speaker 1: not to. And it's as much of an attitude as 715 00:32:04,040 --> 00:32:07,680 Speaker 1: it is a financial position and piece of money. It 716 00:32:07,720 --> 00:32:10,600 Speaker 1: gives you just lots of different benefits and options, whether 717 00:32:10,640 --> 00:32:13,480 Speaker 1: it be with work or in your personal life. So 718 00:32:13,520 --> 00:32:15,640 Speaker 1: how much peace out money do you need? Well, you 719 00:32:15,680 --> 00:32:18,080 Speaker 1: need to look at your goals, whether it's taking a 720 00:32:18,160 --> 00:32:21,040 Speaker 1: road trip or starting a business. That specific goal is 721 00:32:21,040 --> 00:32:23,440 Speaker 1: going to be the determining factor in how much peace 722 00:32:23,480 --> 00:32:26,400 Speaker 1: out money you're actually gonna need to meet those living expenses, 723 00:32:26,960 --> 00:32:28,960 Speaker 1: that's right, man. And then the how to You want 724 00:32:29,000 --> 00:32:31,240 Speaker 1: your piece out money to be accessible, You want it 725 00:32:31,240 --> 00:32:33,000 Speaker 1: to be liquid, you don't want it to be tied 726 00:32:33,080 --> 00:32:36,920 Speaker 1: up in retirement accounts. You want it in cash, and 727 00:32:37,040 --> 00:32:39,560 Speaker 1: ultimately we want you to be brave take a risk 728 00:32:39,800 --> 00:32:42,360 Speaker 1: right like life is not about taking the safe and 729 00:32:42,400 --> 00:32:44,920 Speaker 1: simple path. Having some peace out money gives you that 730 00:32:45,000 --> 00:32:48,000 Speaker 1: boldness to do something different or take your life in 731 00:32:48,080 --> 00:32:51,160 Speaker 1: a radically different direction that you might have thought impossible 732 00:32:51,400 --> 00:32:54,000 Speaker 1: without that money in the bank backing you up. All right, man, 733 00:32:54,040 --> 00:32:56,520 Speaker 1: I think that's it, So everyone, thank you so much 734 00:32:56,560 --> 00:32:59,240 Speaker 1: for listening. Our home on the web is how to 735 00:32:59,400 --> 00:33:02,080 Speaker 1: money dot com. We'll have our show notes up there 736 00:33:02,120 --> 00:33:04,400 Speaker 1: for you with some helpful links. Yeah. If you like 737 00:33:04,440 --> 00:33:06,680 Speaker 1: what you hear and you found this podcast to be helpful, 738 00:33:06,760 --> 00:33:08,920 Speaker 1: let us know by giving us a review on Apple 739 00:33:08,960 --> 00:33:12,040 Speaker 1: Podcasts or wherever you listen. We'd love to hear from you, 740 00:33:12,280 --> 00:33:15,280 Speaker 1: and be sure to subscribe WHI you're there. Until next time, man, 741 00:33:15,680 --> 00:33:17,440 Speaker 1: Best friends out, Best Friends Out.