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

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Speaker 1: and today we're discussing how AI can hurt your finances, joke, cryptocurrencies,

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Speaker 1: and when yellow is a good thing. Yeah, dude, we've

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Speaker 1: talked about yellow before, how oftentimes it's a bad thing.

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Speaker 1: We're gonna talk about today how it's a good thing.

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Speaker 1: And we've got several other stories that we want to

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Speaker 1: get to this week that we came across for our

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Speaker 1: Friday flight. How do I sound, by the way, the

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Speaker 1: allergies have been destroying me. I just cleared my throat

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Speaker 1: like a thousand times before we hit record here. I

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Speaker 1: took a couple of hits of my nose bray, so

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Speaker 1: I can actually breathe now, but I still got a

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Speaker 1: bunch of junk in my throat. So hopefully we can

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Speaker 1: make it through this one man. Let's hope. So yeah,

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Speaker 1: So you've got a note here about free mulch. What's

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Speaker 1: the story? All right? So, just in our Facebook group,

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Speaker 1: he recently recommended to folks to check out this website,

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Speaker 1: chip Drop, and I hadn't heard of it, but um,

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Speaker 1: I was like, all right, let let me see what

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Speaker 1: this this site has to offer, and Basically, it's a

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Speaker 1: site where arborists can drop off like wood chips or

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Speaker 1: logs at your house and you don't pay a dime. Um,

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Speaker 1: And so yeah, it's the kind of stuff that they

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Speaker 1: need to get rid of. Right. But if you're looking

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Speaker 1: for mults for the front yard or some logs for splitting,

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Speaker 1: so you've got wood for your wood burning stove, the

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Speaker 1: next winner that sounds like me, dude, is the place

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Speaker 1: to get it from. Yeah, did we not talk about

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Speaker 1: this on the show? Our our friend Colin He actually

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Speaker 1: he tried this out last year. Uh. And the only

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Speaker 1: thing like he did the giant wood deposit and so

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Speaker 1: he got a bunch of huge rounds that were cut.

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Speaker 1: But you have to be willing to accept a ton

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Speaker 1: of it like that's there's like no limit. You can't

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Speaker 1: be like, um, can you stop at this amount? Like

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Speaker 1: they can unload so much. It's in the same thing

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Speaker 1: with mults. If they pull up, I mean they're just

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Speaker 1: gonna dump like a buttload of mults on your driveway

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Speaker 1: and you might have I mean literally this massive all

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Speaker 1: that you're gonna have to get your friends to haul

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Speaker 1: off in their wheelbarrows, spread it all around your backyard.

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Speaker 1: You're gonna have like twice as many beds as maybe

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Speaker 1: you thought you're gonna have. I was gonna say you

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Speaker 1: might want to do it with your neighbors and not

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Speaker 1: trying to do it solo. Oh yeah, yeah, definitely. But yeah,

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Speaker 1: I did not know that they actually do rounds, you know,

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Speaker 1: like sections from a tree cut, And so I don't

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Speaker 1: have a need for it right now. I've got a

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Speaker 1: good stockpile. But dude, yeah, sometime this summer, I'm gonna

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Speaker 1: download that app make sure that I've got enough wood

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Speaker 1: lined up for me to get split in next fall

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Speaker 1: off for the woodstove. I just hope they don't drop

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Speaker 1: off these like seriously, he had some that were so

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Speaker 1: big he had he had to go out and buy

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Speaker 1: like some special wedges in order to actually split these

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Speaker 1: these things. I mean they're like the bottom section I

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Speaker 1: guess of a tree where it took some serious muscle

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Speaker 1: to like to split this apart. But he was able

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Speaker 1: to do that, and now he has plenty of wood

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Speaker 1: on hand. Beggars can't be choosers on chip drop, but

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Speaker 1: but some folks, yeah, I might find that interesting. Willing

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Speaker 1: to in the show notes, dude and I love too

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Speaker 1: that it's like you're you're making use of waste right

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Speaker 1: like this essentially for the arborst this is something that

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Speaker 1: I mean, I assume that they have to get rid

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Speaker 1: of and they have to pay to get rid of

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Speaker 1: it if they don't have somebody that they can take

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Speaker 1: it to, right, I mean, if they're just going to

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Speaker 1: take it to the to the dump, keeps it out

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Speaker 1: of the landfills. And when so many of us go

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Speaker 1: to a hardware store to buy multi it just seems

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Speaker 1: like the perfect system for like three dollars for a

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Speaker 1: tiny bag, yes, exactly, as opposed to just an endless

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Speaker 1: supply for you and all of your neighbors exactly. Yeah,

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Speaker 1: it's pretty sweet. I love it all Right, let's get

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Speaker 1: onto the stories we found interesting this week. Our Friday

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Speaker 1: flight and Matt the first story I wanted to touch on.

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Speaker 1: I thought this was interesting. The New York Times had

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Speaker 1: an interesting article and they wrote about what they called

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Speaker 1: the Yolo economy. And I'm gonna define this term again

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Speaker 1: just for our listeners who don't know what yolo means.

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Speaker 1: You only live once, and yolo is not our favorite

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Speaker 1: acronym because it often means that that people are living

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Speaker 1: for today, right, You only live once, Like, go ahead,

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Speaker 1: blow it out, spend as much as you can. Don't

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Speaker 1: even think about the future at all. And that's not

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Speaker 1: a great mentality, right, Um. That could lead you to

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Speaker 1: spending all of what you make or maybe even more.

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Speaker 1: But then one little emergency comes a long and it

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Speaker 1: messes you up in a big way. That kind of

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Speaker 1: yellow is not good, so I thought, Matt, when I

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Speaker 1: clicked on this headline, I was like, this is gonna

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Speaker 1: irritate me. I'm not gonna dig the yellow economy that

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Speaker 1: The New York Times is profiling, but actually did the opposite,

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Speaker 1: because it detailed people who are making significant changes to

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Speaker 1: their lives because their priorities have shifted because of the pandemic,

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Speaker 1: and that I thought was something that you and I

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Speaker 1: could get behind. It seemed like people were making really

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Speaker 1: positive steps. They weren't going on a yellow spending binge. Necessarily,

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Speaker 1: what they were doing was shaking things up about what

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Speaker 1: their day to day lives looked like, and in large

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Speaker 1: part because of the impact that COVID had on them. Yeah,

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Speaker 1: using yellow to justify poor spending, that's a bad idea.

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Speaker 1: But but using yellow to kind of re examine your

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Speaker 1: life and how it is that you're spending your time.

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Speaker 1: Is Yeah, like you said something we can totally get behind,

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Speaker 1: and we feel that you should be making these gonna

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Speaker 1: changes in your life, you know, because of something like

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Speaker 1: the pandemic. You know, like through gosh, you know, the

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Speaker 1: awfulness of it. There is a silver lining, and that's

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Speaker 1: that many of us can and probably should be shaking

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Speaker 1: things up somehow. Right. If we don't learn something about ourselves,

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Speaker 1: uh and our priorities, then this would be a wasted

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Speaker 1: opportunity that we've lived through the you know, over the

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Speaker 1: past year. A few recent surveys show that somewhere between,

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Speaker 1: like folks are thinking about leaving their job this year,

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Speaker 1: about switching it up, and that's okay. We feel that

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Speaker 1: that's healthy, and so we want to encourage folks to

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Speaker 1: not live the yellow life where you don't plan for

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Speaker 1: your future, but do live the yellow life in the

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Speaker 1: sense that you only have one life to live and

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Speaker 1: you know, getting out of maybe a stressful work situation, uh,

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Speaker 1: even accepting less pay. This can be the right move

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Speaker 1: if it means that you're able to enjoy your life

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Speaker 1: more and spend more time with the folks that matter

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Speaker 1: most to you. Yeah, one of the people profiled in

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Speaker 1: that article was a lawyer who's working way too many

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Speaker 1: hours and he ended up ditching that job and going

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Speaker 1: to work for a neighborhood firm essentially, and he was, yeah,

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Speaker 1: his next door neighbor, Yeah, literally his neighbor yet and

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Speaker 1: he's like, I can spend more time with my wife

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Speaker 1: and my dog now, and this is great. And so, yeah,

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Speaker 1: those are the kind of decisions we think our good decisions.

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Speaker 1: Money is not everything you really do only of once,

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Speaker 1: and so you don't live for today alone, right, we

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Speaker 1: want you to plan accordingly, but making changes based on

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Speaker 1: how this year went and based on the new priorities

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Speaker 1: that you have is a good thing. All right, Let's

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Speaker 1: talk about financial literacy for a second. You know, you

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Speaker 1: and I are big proponents of financial literacy. We we

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Speaker 1: feel like financial education in this country is sorely lacking.

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Speaker 1: But it looks like there might be more financial literacy

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Speaker 1: help on the way, and I hope so. Again in

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Speaker 1: the New York Times, they were in an article and

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Speaker 1: it turns out that almost half of states in the

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Speaker 1: US are weighing the prospect of increased financial education in schools,

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Speaker 1: like there are bills on the table that might come

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Speaker 1: to pass, um how many that's anyone's guests, local politics,

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Speaker 1: You never know what's going to happen there. But one

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Speaker 1: thing is clear. Kids are being done a massive disservice

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Speaker 1: these days by not being taught essentially anything about personal finance.

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Speaker 1: During the years that they spend in school, they learn

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Speaker 1: a lot of things that they're never going to use again,

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Speaker 1: but one of the things that they're going to use

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Speaker 1: essentially every day, they hear nothing about. And that's a

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Speaker 1: big prop and we just wanted to point out. You

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Speaker 1: can listen to episode ninety eight where we talked to

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Speaker 1: Dan LaSalle. He's been really inspirational to us in his

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Speaker 1: financial literacy endeavors. And then too, if you're just looking

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Speaker 1: for a resource to point people to, whether it's young

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Speaker 1: people or adult, there's a YouTube channel called money Coach

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Speaker 1: dot io and well, we'll link to their website, but

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Speaker 1: they have great videos that are simple to understand, that

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Speaker 1: are pretty short, that have already helped and can continue

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Speaker 1: to help a lot of people learn about the basics

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Speaker 1: of personal finance for free. That's right, dude, Let's talk

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Speaker 1: about investing specifically, let's talk about e s G funds,

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Speaker 1: which stands for Environmental social governance funds. And Jason, I

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Speaker 1: don't know how to say his last name is Wig's, right,

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Speaker 1: That's how i'd say it. With the Wall Street Journal,

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Speaker 1: he took socially conscious investing to task this week. Uh,

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Speaker 1: you know, and we've talked about responsible investing on the

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Speaker 1: show a few times, and I gotta say, we we

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Speaker 1: agree with Mrs Wagg's take. And it's not that socially

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Speaker 1: responsible investing is a bad thing because the desire for

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Speaker 1: folks to invest in come these that don't pollute the

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Speaker 1: planet in a major way, or companies, you know, who

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Speaker 1: have a meaningful mission, like that's a great thing. But

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Speaker 1: E s G funds have just different ways of differentiating

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Speaker 1: which companies don't include in their sustainable funds. Basically, just

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Speaker 1: because the fund is labeled e s G or quote

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Speaker 1: unquote sustainable, that doesn't mean that it actually is. It's

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Speaker 1: up to the different fund managers to decide what goes

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Speaker 1: in that E s G fund. There aren't any standards,

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Speaker 1: you know. Essentially, it's kind of like beauty is in

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Speaker 1: the eye of the beholder, and the beholder here is

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Speaker 1: the fund manager, and it's up to them to decide

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Speaker 1: what is and what isn't going to be included as

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Speaker 1: part of their E s G fund. And this actually

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Speaker 1: makes me think of so your you mentioned chip Drop

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Speaker 1: at the beginning of the episode. It makes me think

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Speaker 1: back to when I was considering buying some wood from

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Speaker 1: some local sellers of firewood, and what they're selling is

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Speaker 1: a chord quote unquote, a chord of wood. But here's

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Speaker 1: the thing, it's up to them to decide what a

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Speaker 1: chord of what is because they're just piling in the

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Speaker 1: back of their Cholice wondered what a chord actually equates to,

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Speaker 1: and I know that there's like a actual definition, but

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Speaker 1: not everybody you know. So the actual definition a phase chord,

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Speaker 1: and that means that it's a stack of wood that

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Speaker 1: split that's four ft high by eight feet wide, right,

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Speaker 1: So that's a phase chord. But again, when it comes

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Speaker 1: to like what these guys are gonna come to your house,

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Speaker 1: and you know, if some of them will do like

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Speaker 1: the delivery thing and they're just gonna unload woods and

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Speaker 1: they basically stop when they want to, And so that

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Speaker 1: I feel like that's an instance where it's just like

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Speaker 1: this isn't quite a chord of wood man, or hey,

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Speaker 1: this is more you know, thank you so much. In

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Speaker 1: the same way, I feel like it's it's true with

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Speaker 1: the s G funds, it's like, is this truly an

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Speaker 1: E s G fund? Like is this good for the

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Speaker 1: environment even though it's labeled as such. Well, it's It's

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Speaker 1: the same thing with like terms like artisan and handcrafted.

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Speaker 1: You know, there's someone in Atlanta artisan wood and you're like, well,

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Speaker 1: what does that? What does that mean? What does that mean?

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Speaker 1: Or like, you know, certain liquors are handcrafted, and it's like,

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Speaker 1: at what point does a hand enter the process and

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Speaker 1: when is it considered handcrafted? Verse like purely made by machines?

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Speaker 1: And that is also in the either beholder in many instances.

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Speaker 1: Totally true. But these funds like they're rising in popularity

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Speaker 1: right now. But I guess the question is like should

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Speaker 1: a company like Facebook be included in a sustainable fund? Right? Like,

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Speaker 1: different fund managers have different takes on that. Some would

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Speaker 1: leave them out completely and some would say, yeah, they

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Speaker 1: belong in my E s G fund at least what

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Speaker 1: about coin base, which just had their I p O

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Speaker 1: last week? There are serious concerns about the electricity waste

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Speaker 1: and the environmental impact of bitcoin mining, and of course,

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Speaker 1: you know a company like coin base might be contributing

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Speaker 1: to some of that. So you know, we wouldn't say

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Speaker 1: to avoid these funds altogether, but do make sure that

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Speaker 1: the fund you're participating in is doing a good job

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Speaker 1: of vetting the companies that they invest in, because otherwise

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Speaker 1: you might just be paying a higher fee without getting

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Speaker 1: that intended payoff. And realized too that even if they're

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Speaker 1: doing a good job vetting, it's still kind of up

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Speaker 1: to you to figure out, like, Okay, well what companies

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Speaker 1: are they including, because your definition of a socially conscious

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Speaker 1: fund might be very different than that of the manager

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Speaker 1: over at black Rock, right right? Uh? And dude, you know, actually,

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Speaker 1: since you just brought up crypto, it is worth mentioning

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Speaker 1: that articles touting cryptocurrency as mainstream we're all over the

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Speaker 1: place this week, and the joke cryptocurrency doage coin? Is that?

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Speaker 1: How I think? So these are things that I read

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Speaker 1: more about that I talked about, because I mean, dotage

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Speaker 1: coin has no place in my life except for when

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Speaker 1: we talk about here on the show. I read about

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Speaker 1: it more than I talked about in real life. But

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Speaker 1: you know, we saw doge cooin skyrocket and value last weekend,

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Speaker 1: uh and it was for a moment it was worth

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Speaker 1: more than companies that have been around for decades, almost

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Speaker 1: hundreds of years. And at this point like Ford well

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Speaker 1: Ford has been around, but Roku hasn't, but they're more

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Speaker 1: valuable than Roku, Carbona, Walgreens can really Clark. They're the

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Speaker 1: company that likely makes the toilet paper that you use.

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Speaker 1: But dotag cooin is now falling significantly. And while blockchain technology,

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Speaker 1: like we we feel that's going to have many uses

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Speaker 1: in the future, and crypto itself might be a meaningful

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Speaker 1: store of value like gold or even a medium of

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Speaker 1: exchange in the future once it's is a little less volatile.

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Speaker 1: We would recommend for folks to be careful putting too

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Speaker 1: much of your money in this volatile space. Which coins

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Speaker 1: will be winners, which coins will lose out It is

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Speaker 1: far from decided. Your money could go all the way

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Speaker 1: down to zero, so don't invest money that you're not

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Speaker 1: willing to completely lose at the point. Yeah, it makes

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Speaker 1: me think of that. There's been like a lot of

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Speaker 1: buzz surrounding marijuana stocks too recently, Matt and It's not

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Speaker 1: that some of those companies won't succeed, especially as more

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Speaker 1: and more states legalize marijuana, but it's still an industry

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Speaker 1: that's in its infancy and and it's gonna be pretty

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Speaker 1: volatile in the coming months and years. Some of those

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Speaker 1: companies might go bust altogether in that time. It's like

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Speaker 1: investing in pan back in the early days of the airlines,

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Speaker 1: very similar and to we we put this warning out

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Speaker 1: there because it continues to be easier than ever to

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Speaker 1: purchase crypto. You can now buy crypto like bitcoin and

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Speaker 1: ethereum on Venmo and cash app has had this feature

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Speaker 1: for a while now, but more and more users of

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Speaker 1: those apps are being exposed to getting into the space

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Speaker 1: and when they might be better served focusing on other

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Speaker 1: areas of investing, like funding their tax advantaged accounts first,

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Speaker 1: which Matt and I would always say, don't even get

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Speaker 1: me the crypto unless you're maxing out at minimum or

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Speaker 1: roth ira contributing to your workplace account like you don't

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Speaker 1: even it doesn't even need to be on your radar

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Speaker 1: before then. And the definitely seems to be potential in

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Speaker 1: cryptocurrencies continuing to rise in value, but make sure that

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Speaker 1: you're investing in the proper order that you're limiting your

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Speaker 1: portfolio exposure to cryptocurrency to a max of five percent,

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Speaker 1: Like crypto should be a very minor part of your

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Speaker 1: overall investment holdings. It shouldn't be something that you're dedicating

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Speaker 1: a whole lot of resources to. So true, dude. All right,

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Speaker 1: We've got several other stories that we're gonna get to

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Speaker 1: right after the break, including some transportation stories. We're gonna

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Speaker 1: talk about planes, no trains, but we are going to

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Speaker 1: talk about automobiles. We get to all of those or

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Speaker 1: right after the break. All right, here we go. Let's

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Speaker 1: keep rolling with the Friday flight. And of course, Matt,

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Speaker 1: the next thing we have to get to is the

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Speaker 1: ludicrous headline of the week. Here you go. I like

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Speaker 1: that you brought the zest to it today. I was

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Speaker 1: bringing like, uh yeah, kind of opera singer vibe, doing

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Speaker 1: little Pavaratti over there. I appreciate that. All right, Well,

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Speaker 1: this week's headline comes from New York magazine and it

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Speaker 1: goes Confessions of an overnight millionaire. I constantly asked myself

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Speaker 1: do I deserve this money? And this is a really

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Speaker 1: interesting reading. Man, Uh, that sounds like crazy story. I

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Speaker 1: felt like part psychologists and I feel like a little

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Speaker 1: bit of group therapy going on. When I was reading

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Speaker 1: this article. It was basically this anonymous author discussing her

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Speaker 1: six million dollar windfall as the company that she worked

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Speaker 1: for went public recently. She admits that she's super frugal

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Speaker 1: and doesn't even know how to begin incorporating a sum

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Speaker 1: of money like this into her life. And in fact,

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Speaker 1: she's having so much trouble with this life changing some

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Speaker 1: of the money that her dog's life has improved more

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Speaker 1: than her own. She's buying a specialty dog food for

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Speaker 1: her pup, but like for her, she can't seem to

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Speaker 1: spend opinion of her dogs are getting like dental work done. Yes,

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Speaker 1: I refused to go to the doctor, but I'll take him.

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Speaker 1: Think she said that her dogs have seen more doctors

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Speaker 1: now this year than she has. Yes, I thought it

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Speaker 1: was super interesting, man. She she actually ends up talking

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Speaker 1: about she struggles with the belief that she deserves this

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Speaker 1: money at all, and even contemplates giving it back. Oh

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Speaker 1: my gosh. Yeah, so yeah, we would say please don't

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Speaker 1: give it back. But I mean that being said, I

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Speaker 1: could totally see some guilt creeping in if you know,

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Speaker 1: a life changing some of money fell into my lap,

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Speaker 1: but giving it back, we don't. We don't think that's

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Speaker 1: the answer. Uh, Like it's it's funny. Kind of reminds

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Speaker 1: me of some of the responses we saw to the

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Speaker 1: stimulus money from folks who didn't lose their job. That

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Speaker 1: money went out to a lot of Americans who were

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Speaker 1: still gainfully employed, you know, some of which we're doing

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Speaker 1: better financially depending on what industry they work in, how

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Speaker 1: much money they had invested in the market, things like that. Um,

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Speaker 1: there was definitely some collective guilt going on, I think.

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Speaker 1: But the the answer, at least from our perspective here

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Speaker 1: is to for her, for this individual to wrestle with

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Speaker 1: some of those deeper emotional issues that money can cause

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Speaker 1: in your life, you know, those different unspoken beliefs that

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Speaker 1: we having grained in ourselves, like and not just like

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Speaker 1: on the service, but multiple layers deep. These are often

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Speaker 1: what leads to a bad relationship with money, that would

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Speaker 1: cause someone to react to an event like this that way.

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Speaker 1: But yeah, this it was It was an interesting read.

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Speaker 1: I mean, basically it was like a journal entry or

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Speaker 1: you know, Like I mean, it was private diary, but

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Speaker 1: for everyone to see, yeah, it was all over the place.

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Speaker 1: And dude, one of the things that stood out to

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Speaker 1: me was when she was kind of talking about her

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Speaker 1: being frugal. She she mentioned too that she's never been generous,

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Speaker 1: but essentially she was kind of chronicling how like that

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Speaker 1: can change a little bit. And I think something that's

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Speaker 1: worth highlighting is that, like I personally believe that money

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Speaker 1: doesn't really change who we are, but it just amplifies

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Speaker 1: the things that we're already doing with our money. Right,

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Speaker 1: And so just because she now has a lot of money,

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Speaker 1: I don't think that's gonna mean she's gonna become this

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Speaker 1: big time giver. Unless there's maybe some other life, you know,

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Speaker 1: massive life changing event that happens to her. She's probably

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Speaker 1: gonna continue, like she said, being frugal and not spending

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Speaker 1: that money because that's just not been her response to

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Speaker 1: the money that she already had. I think it's an

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Speaker 1: important reason why it's good to have a healthy relationship,

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Speaker 1: is good to have some of these foundational things figured

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Speaker 1: out when it comes to money. Regardless of how much

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Speaker 1: money that you have now or how much you know

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Speaker 1: you will come into possession of in the future. Yeah.

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Speaker 1: I started kind of thinking after reading this article, what

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Speaker 1: would my response be if I got six million dollars randomly,

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Speaker 1: you know, thrown into my bank account. And I don't

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Speaker 1: suspect that's gonna happen anytime soon, sadly, but I don't

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Speaker 1: think that my life would change all that much if

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Speaker 1: that money were deposited tomorrow. But I'm guessing you wouldn't

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Speaker 1: feel the desire to give it back. No, I don't

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Speaker 1: think I would. Yeah, assuming you came into possession of

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Speaker 1: it legally, yeah, well hopefully, um, But I just feel

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Speaker 1: like that's such a good place to be with your

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Speaker 1: money though, where winning the lottery are getting a large

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Speaker 1: sum of money wouldn't change things all that much. It

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Speaker 1: would really just I would amplify some of the things

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Speaker 1: that I already enjoy in small little ways. But but

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Speaker 1: really my reaction to having that kind of money wouldn't

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Speaker 1: change a whole lot of things about the way I

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Speaker 1: currently live life. But obviously having that amount of money

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Speaker 1: in the bank would provide some really helpful financial security.

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Speaker 1: I have financial independence overnight, and maybe you would travel

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Speaker 1: maybe a touch more. You've talked before how travel in

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Speaker 1: your life is an important thing, so maybe you would

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Speaker 1: see that ramp up a little bit. That's that's probably true. Yeah, well,

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Speaker 1: speaking of travel, our buds got coys over at Scott's

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Speaker 1: Cheap Lights. They put together an excellent list of the

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Speaker 1: best and the worst airports for cheap flights. We'll make

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Speaker 1: sure to link to in our show notes. But the

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Speaker 1: airports that offered the most heavily discounted flights are Denver, Austin, Minneapolis, Chicago, O'Hare,

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Speaker 1: uh and l a x. Atlina actually did crack the

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Speaker 1: top ten at a spot number nine. I'm glad to

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Speaker 1: see that we're in the running a little bit there.

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Speaker 1: But Scott also points out which airports provide the least

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Speaker 1: amount of deals for you to take advantage of. We're

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Speaker 1: looking at you, Peoria. Peoria wasn't the absolute worst. Essentially,

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Speaker 1: with a small town like that, there's a very little

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Speaker 1: competition and the flight demand isn't very flexible. I mean,

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Speaker 1: people are gonna flight in and out of there for

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Speaker 1: the reasons that they need to flying in out of there,

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Speaker 1: you know, right like icing for people living there who

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Speaker 1: may be traveling for business. Not many people travel traveling

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Speaker 1: there for fun. But when there's a singular airline there,

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Speaker 1: there's no need to offer discounts. Guarantee you're gonna get

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Speaker 1: an email from the Peoria Chamber of Commerce this afternoon,

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Speaker 1: and and they're gonna tout all the reasons people should

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Speaker 1: res it there for. This episode is not brought to

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Speaker 1: you by the CIA Department of Travel. Uh but this

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Speaker 1: list was crazy helpful though, because you don't necessarily have

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Speaker 1: to fly out of the closest airport to you. If

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Speaker 1: you can be a little more flexible with your travel plans,

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Speaker 1: you can drive to a nearby airport in order to

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Speaker 1: score a better deal. If you do have that flexibility,

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Speaker 1: it could be well worth the effort. I agree, and

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Speaker 1: checking flight prices from a feud of the airport's nearest

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Speaker 1: you is a great way to see if you can

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Speaker 1: save money on the trip you're planning to take. Matt

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Speaker 1: For where we live, Atlanta did crack the top ten,

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Speaker 1: but sometimes the better deals are even out of like

429
00:19:29,600 --> 00:19:32,680
Speaker 1: Chattanooga's airport or Birmingham, and that could be a worthwhile

430
00:19:32,720 --> 00:19:35,000
Speaker 1: hour and a half or two hour drive in order

431
00:19:35,040 --> 00:19:38,320
Speaker 1: to score like a much cheaper flight somewhere, especially let's

432
00:19:38,320 --> 00:19:40,720
Speaker 1: say I'm booking a flight for my whole family. But

433
00:19:40,840 --> 00:19:43,159
Speaker 1: in addition to driving to a different airport, you can

434
00:19:43,200 --> 00:19:46,760
Speaker 1: save money by booking multiple flights separately. So like let's

435
00:19:46,800 --> 00:19:49,320
Speaker 1: say you were trying to get to Hawaii from the

436
00:19:49,320 --> 00:19:51,639
Speaker 1: East Coast, it might make sense to book a flight

437
00:19:51,840 --> 00:19:55,200
Speaker 1: directly to l a x around trip from where you live,

438
00:19:55,480 --> 00:19:58,320
Speaker 1: or from a nearby airport or maybe San Francisco even

439
00:19:58,520 --> 00:20:00,840
Speaker 1: and then book a separate flight to get to Hawaii

440
00:20:00,880 --> 00:20:03,359
Speaker 1: from there. Uh. If you're not booking it all with

441
00:20:03,480 --> 00:20:05,840
Speaker 1: one carrier, if you're splitting up your trip like that,

442
00:20:06,200 --> 00:20:08,760
Speaker 1: you can save quite a bit more money on those flights.

443
00:20:08,800 --> 00:20:10,439
Speaker 1: That's true, And that actually might be a tactic I

444
00:20:10,440 --> 00:20:12,879
Speaker 1: employee next year. And in the tactic I'm going to

445
00:20:12,960 --> 00:20:16,119
Speaker 1: take to get that Hawaii chip even cheaper is tied

446
00:20:16,160 --> 00:20:21,640
Speaker 1: your suitcase. Yeah, we're still not gonna be done with that. Uh. Well,

447
00:20:21,760 --> 00:20:25,240
Speaker 1: let's talk about artificial intelligence. Fan uh AI can make

448
00:20:25,280 --> 00:20:27,520
Speaker 1: life easier in a lot of areas in our lives.

449
00:20:27,720 --> 00:20:30,800
Speaker 1: Sometimes it makes it harder, but you can guarantee that

450
00:20:30,880 --> 00:20:33,439
Speaker 1: any company that's looking to implement it is hoping to

451
00:20:33,480 --> 00:20:36,320
Speaker 1: save money or or even make some more money. For instance,

452
00:20:36,359 --> 00:20:38,800
Speaker 1: we came across the story. When you're shopping online, virtually

453
00:20:38,840 --> 00:20:42,200
Speaker 1: everything on Amazon, uh, eBay and other e commerce sights

454
00:20:42,240 --> 00:20:45,600
Speaker 1: now is an ad. Some folks are suggesting that ads

455
00:20:45,760 --> 00:20:49,119
Speaker 1: might be Amazon's most profitable business venture as soon as

456
00:20:49,119 --> 00:20:52,760
Speaker 1: this year. Dang right, it's crazy that that's the case.

457
00:20:52,760 --> 00:20:55,679
Speaker 1: And it's important to know that Amazon they're making a

458
00:20:55,680 --> 00:20:57,760
Speaker 1: good bit of money by feeding us things that will

459
00:20:57,800 --> 00:21:00,000
Speaker 1: make them more money, not just because they're trying to

460
00:21:00,000 --> 00:21:03,879
Speaker 1: create a better user experience. I mean essentially, for some folks,

461
00:21:03,960 --> 00:21:05,639
Speaker 1: if they're able to find the things that they want easier,

462
00:21:05,640 --> 00:21:07,639
Speaker 1: I guess it is an increase in user experience. But

463
00:21:07,760 --> 00:21:09,760
Speaker 1: in the end, what they care about is money. You know.

464
00:21:09,840 --> 00:21:11,960
Speaker 1: Like this might be a kind of a pessimistic view

465
00:21:12,160 --> 00:21:15,199
Speaker 1: towards online retailers, but when you see the amounts of

466
00:21:15,240 --> 00:21:17,080
Speaker 1: the screen when you're looking at an item on Amazon,

467
00:21:17,080 --> 00:21:19,520
Speaker 1: when you see the amount of screen that's dedicated towards

468
00:21:19,720 --> 00:21:22,480
Speaker 1: ads or heat map, essentially, oh my gosh, it is

469
00:21:22,520 --> 00:21:25,960
Speaker 1: insane at how many of those are our ads basically,

470
00:21:26,200 --> 00:21:28,560
Speaker 1: And I actually went to Amazon and just pulled up

471
00:21:28,560 --> 00:21:31,560
Speaker 1: a product and seriously, like you look at it, and

472
00:21:31,640 --> 00:21:33,720
Speaker 1: if you look closely, you'll see that it says sponsored,

473
00:21:34,000 --> 00:21:35,920
Speaker 1: and you will be shocked at how many times you

474
00:21:35,960 --> 00:21:38,399
Speaker 1: see sponsored on there. All of those are ads for

475
00:21:38,520 --> 00:21:41,200
Speaker 1: themselves for Amazon itself. Companies are paying Amazon to get

476
00:21:41,240 --> 00:21:43,520
Speaker 1: listed higher. And it's just important to know when you're

477
00:21:43,520 --> 00:21:45,760
Speaker 1: shopping on there, so you don't say, oh, this is

478
00:21:45,760 --> 00:21:48,080
Speaker 1: a recommended item because I'm browsing you this. No, it's

479
00:21:48,080 --> 00:21:51,000
Speaker 1: a paid for recommendation. And yeah, you might want to

480
00:21:51,040 --> 00:21:53,520
Speaker 1: do a little more research on your own and maybe

481
00:21:53,560 --> 00:21:56,040
Speaker 1: not just doing your research on Amazon site. I mean,

482
00:21:56,240 --> 00:21:58,159
Speaker 1: I forget what the percentagewards, but it was something like

483
00:21:58,560 --> 00:22:02,200
Speaker 1: sixty of product searches begin on Amazon now, and so

484
00:22:02,760 --> 00:22:06,040
Speaker 1: that means that those you paid for ads on the

485
00:22:06,040 --> 00:22:09,239
Speaker 1: Amazon site are going a long way towards influencing what

486
00:22:09,280 --> 00:22:12,280
Speaker 1: we buy our consumer behavior. Alright, let's keep talking about

487
00:22:12,320 --> 00:22:15,639
Speaker 1: artificial intelligence. There was another story that we saw this

488
00:22:15,680 --> 00:22:18,760
Speaker 1: week that it's coming to the car repair industry. There

489
00:22:18,800 --> 00:22:21,920
Speaker 1: was a Wired article which documented the rise in insurance

490
00:22:21,920 --> 00:22:26,359
Speaker 1: companies using photography photos to assess damage and repair costs

491
00:22:26,640 --> 00:22:30,280
Speaker 1: instead of using a human adjuster at COVID has changed

492
00:22:30,320 --> 00:22:33,840
Speaker 1: the way many of those insurers handle or handling claims

493
00:22:33,840 --> 00:22:37,000
Speaker 1: these days. And yeah, pre pandemic only like something like

494
00:22:37,040 --> 00:22:41,560
Speaker 1: fift of car insurance claims were assessed using artificial intelligence.

495
00:22:41,560 --> 00:22:43,800
Speaker 1: It was like a little more novel back then, but

496
00:22:43,880 --> 00:22:47,520
Speaker 1: now it's closer to sixty and many repair shops they're

497
00:22:47,520 --> 00:22:50,560
Speaker 1: not happy about it. Um One body shop owner said

498
00:22:50,560 --> 00:22:54,000
Speaker 1: that ninety nine point nine percent of the estimates coming

499
00:22:54,040 --> 00:22:57,119
Speaker 1: in via the artificial estimate are dead wrong. I'm not

500
00:22:57,200 --> 00:23:00,239
Speaker 1: sure how scientific nine nine point nine is. It might

501
00:23:00,280 --> 00:23:04,199
Speaker 1: be slightly more anecdotal. Yeah, it's probably not quite But

502
00:23:04,280 --> 00:23:06,800
Speaker 1: like you know, obviously he doesn't really like the system,

503
00:23:07,040 --> 00:23:10,240
Speaker 1: and they're they're often problems underlying the issues that you

504
00:23:10,280 --> 00:23:13,840
Speaker 1: see on the surface when your car gets into an accident. Right,

505
00:23:14,040 --> 00:23:16,760
Speaker 1: you can't diagnose every problem from a photo, and so

506
00:23:17,080 --> 00:23:19,720
Speaker 1: what they're trying to point out is it's helpful new

507
00:23:19,720 --> 00:23:22,520
Speaker 1: technology that might eventually at some point be ready for

508
00:23:22,560 --> 00:23:25,120
Speaker 1: prime time, but but right now it's highly flawed. Yeah,

509
00:23:25,119 --> 00:23:26,880
Speaker 1: so let's actually talk about what to do if you've

510
00:23:26,920 --> 00:23:29,520
Speaker 1: gotten into a thunder bender. So if you're with one

511
00:23:29,560 --> 00:23:31,600
Speaker 1: of the big insurance companies out there, you might be

512
00:23:31,640 --> 00:23:34,560
Speaker 1: directed to download their app where you can snap pictures

513
00:23:34,840 --> 00:23:38,560
Speaker 1: and artificial intelligence AI or appraisers will use that info,

514
00:23:38,680 --> 00:23:41,080
Speaker 1: use those pictures to come up with an estimate for you.

515
00:23:41,280 --> 00:23:43,679
Speaker 1: It's really quick, it's really easy, and do there are

516
00:23:43,680 --> 00:23:47,440
Speaker 1: even some instances where folks have gotten money deposited into

517
00:23:47,440 --> 00:23:50,280
Speaker 1: their bank account the next day. It's been that quick,

518
00:23:50,400 --> 00:23:53,439
Speaker 1: like that immediate. And this sounds really amazing, right, but

519
00:23:53,480 --> 00:23:56,600
Speaker 1: this can actually be really terrible if you're not compensated

520
00:23:56,640 --> 00:24:00,239
Speaker 1: the proper amount to adequately fix your car. And so

521
00:24:00,280 --> 00:24:01,960
Speaker 1: if you need to to get an estimate for your

522
00:24:01,960 --> 00:24:04,680
Speaker 1: your damaged car, we would recommend that you request an

523
00:24:04,680 --> 00:24:08,040
Speaker 1: in person appraiser or an adjuster, or contact your insurance

524
00:24:08,080 --> 00:24:10,520
Speaker 1: company and find a list of body shops that your

525
00:24:10,560 --> 00:24:13,840
Speaker 1: insurance company approves of in order to ensure that you

526
00:24:13,880 --> 00:24:16,359
Speaker 1: get enough money for that repair. You want to make

527
00:24:16,400 --> 00:24:18,199
Speaker 1: sure that you're not left holding the bag when it

528
00:24:18,240 --> 00:24:21,800
Speaker 1: comes to getting that repair done where the actual repair

529
00:24:21,880 --> 00:24:24,399
Speaker 1: costs more than what you're quoted and what the insurance

530
00:24:24,400 --> 00:24:26,280
Speaker 1: company is going to send your away. And you definitely

531
00:24:26,280 --> 00:24:28,440
Speaker 1: want to make sure too that your ride is repaired

532
00:24:28,480 --> 00:24:32,000
Speaker 1: properly because and an adequate payout from an insurance company

533
00:24:32,080 --> 00:24:34,240
Speaker 1: might keep some different body shops out there from doing

534
00:24:34,280 --> 00:24:36,320
Speaker 1: the proper work. Yeah, and that could leave you in

535
00:24:36,520 --> 00:24:39,560
Speaker 1: an unsafe car, which would not be good. So knowing

536
00:24:39,640 --> 00:24:41,919
Speaker 1: about that problem and knowing how to address it if

537
00:24:41,920 --> 00:24:43,639
Speaker 1: that pops up in your life. Hopefully you don't get

538
00:24:43,640 --> 00:24:45,399
Speaker 1: in an accident, but you know, if you do, you

539
00:24:45,400 --> 00:24:47,680
Speaker 1: gotta know that stuff, all right, Matt. And speaking of cars,

540
00:24:47,720 --> 00:24:50,040
Speaker 1: we've actually got a really interesting conversation with Lee and

541
00:24:50,240 --> 00:24:54,280
Speaker 1: Shattuck coming out on Monday, and she is a car expert.

542
00:24:54,400 --> 00:24:56,960
Speaker 1: We're gonna talk all about car repairs, buying a car,

543
00:24:57,040 --> 00:24:59,000
Speaker 1: buying used, buying new, and how you do it and

544
00:24:59,040 --> 00:25:00,960
Speaker 1: score the best deal. We'll talk about all that stuff

545
00:25:01,320 --> 00:25:04,320
Speaker 1: on Monday's episode, but that's gonna do it for this episode.

546
00:25:04,480 --> 00:25:06,080
Speaker 1: If you want show notes and some of the links

547
00:25:06,119 --> 00:25:08,840
Speaker 1: to the stories that we discussed in today's episode, just

548
00:25:08,880 --> 00:25:11,840
Speaker 1: go to our website, how to money dot com. That's right,

549
00:25:11,880 --> 00:25:13,560
Speaker 1: And if you've been listening to the show and you

550
00:25:13,640 --> 00:25:16,280
Speaker 1: have not yet left us a review, we would greatly

551
00:25:16,320 --> 00:25:18,679
Speaker 1: appreciate that, and you can head over to Apple Podcasts

552
00:25:18,920 --> 00:25:20,919
Speaker 1: or wherever it is that you listen to your shows.

553
00:25:21,160 --> 00:25:24,400
Speaker 1: Those positive, solid reviews help others to find the show

554
00:25:24,440 --> 00:25:26,879
Speaker 1: and start doing smarter things with their money, and so

555
00:25:26,960 --> 00:25:28,880
Speaker 1: big thanks in advance for that and so Joel, that's

556
00:25:28,880 --> 00:25:30,800
Speaker 1: gonna be it for this episode, buddy. We hope everyone

557
00:25:30,840 --> 00:25:33,800
Speaker 1: has a great weekend and until next time, best Friends Out,

558
00:25:33,880 --> 00:25:35,000
Speaker 1: Best Friends Out,