1
00:00:00,080 --> 00:00:03,079
Speaker 1: Welcome to How the Money. I'm Joel and I'm Matt,

2
00:00:03,120 --> 00:00:25,200
Speaker 1: and today we're answering your listener questions. Matt, I'm so plumped.

3
00:00:25,239 --> 00:00:28,240
Speaker 1: We're finally doing a listener question show, and our our

4
00:00:28,320 --> 00:00:30,880
Speaker 1: game lan is to make this in every other week Currents.

5
00:00:30,960 --> 00:00:34,120
Speaker 1: So from here on out, folks can send their questions

6
00:00:34,159 --> 00:00:36,680
Speaker 1: our way. If they go to our website How to

7
00:00:36,760 --> 00:00:39,080
Speaker 1: Money dot com slash ask, they can be a part

8
00:00:39,120 --> 00:00:40,600
Speaker 1: of the show. And so we're gonna try to tackle

9
00:00:40,640 --> 00:00:43,240
Speaker 1: as many as we can every two weeks. And I'm

10
00:00:43,280 --> 00:00:46,199
Speaker 1: really excited to kind of bring our listeners into our

11
00:00:46,240 --> 00:00:49,280
Speaker 1: episodes and kind of get to some of their specific questions,

12
00:00:49,280 --> 00:00:51,360
Speaker 1: which is just so much fun. Yeah, we've only been

13
00:00:51,360 --> 00:00:53,720
Speaker 1: teasing towards this format for like the past four or

14
00:00:53,760 --> 00:00:56,440
Speaker 1: five months, so it's good to actually be able to

15
00:00:56,480 --> 00:00:58,440
Speaker 1: get to some of these questions. And so today we're

16
00:00:58,440 --> 00:01:01,080
Speaker 1: gonna answer some questions about invest seeing towards retirement while

17
00:01:01,080 --> 00:01:04,200
Speaker 1: you're still in student loans. We're gonna talk about whether

18
00:01:04,240 --> 00:01:06,440
Speaker 1: you should keep that old clunker of a car or

19
00:01:06,560 --> 00:01:08,560
Speaker 1: or if you should buy a newer vehicle. And then

20
00:01:08,600 --> 00:01:10,480
Speaker 1: we're also going to talk about some ways that you

21
00:01:10,480 --> 00:01:12,640
Speaker 1: can save money while you're touring on the road. If

22
00:01:12,680 --> 00:01:14,880
Speaker 1: you're in a band, you got a listener question and

23
00:01:14,920 --> 00:01:17,120
Speaker 1: they're going to hit the road this fall, and so

24
00:01:17,120 --> 00:01:18,760
Speaker 1: that'll be a fun one to to wrap it up with.

25
00:01:18,840 --> 00:01:20,320
Speaker 1: And there's a couple others as well, but I'm not

26
00:01:20,319 --> 00:01:22,399
Speaker 1: gonna name them all because we're gonna get to those

27
00:01:22,400 --> 00:01:24,840
Speaker 1: in a second. Yeah, I'm really excited to hopefully we

28
00:01:24,920 --> 00:01:27,720
Speaker 1: get a chance to see that our listeners band in

29
00:01:27,840 --> 00:01:30,119
Speaker 1: person one of these days. That'd be awesome. But before

30
00:01:30,120 --> 00:01:31,760
Speaker 1: we get to those questions real quick, Matt, I wanted

31
00:01:31,800 --> 00:01:33,560
Speaker 1: to kind of toss a frugal or cheap at you

32
00:01:34,000 --> 00:01:35,760
Speaker 1: that I thought would be interesting. Let's hear it. You know,

33
00:01:35,800 --> 00:01:37,520
Speaker 1: this is my favorite little bit that we do that

34
00:01:37,680 --> 00:01:41,160
Speaker 1: I love that if ever, even if everyone else hates it,

35
00:01:41,200 --> 00:01:43,880
Speaker 1: we think it's fun. Alright. So, Emily, my wife, she

36
00:01:44,040 --> 00:01:47,200
Speaker 1: was at Chick fil A the other day and she

37
00:01:47,280 --> 00:01:50,280
Speaker 1: saw the person in front of her in line order

38
00:01:50,440 --> 00:01:55,640
Speaker 1: a water and then three salad dressings. Uh, all of

39
00:01:55,680 --> 00:01:58,680
Speaker 1: which are free. Right, So why do you even order

40
00:01:58,720 --> 00:02:00,160
Speaker 1: those things? I guess you have to get the cut up.

41
00:02:00,360 --> 00:02:02,160
Speaker 1: I guess you don't. You can't just be like, hey,

42
00:02:02,160 --> 00:02:04,120
Speaker 1: can I get three salad dressings. You have to order

43
00:02:04,200 --> 00:02:07,560
Speaker 1: something actually placed in order. Yeah, So it struck her

44
00:02:07,640 --> 00:02:09,880
Speaker 1: as odd. And then as she relayed the story to me,

45
00:02:09,960 --> 00:02:12,600
Speaker 1: it struck me as odd that someone would go to

46
00:02:12,680 --> 00:02:15,120
Speaker 1: that links to go into a restaurant to order a

47
00:02:15,160 --> 00:02:18,600
Speaker 1: water and then siphon off as much salad dressing as

48
00:02:18,639 --> 00:02:19,799
Speaker 1: they could at the same time. Like, what do you

49
00:02:19,840 --> 00:02:21,600
Speaker 1: think is that frugal or cheap? So I'm going to

50
00:02:21,639 --> 00:02:24,040
Speaker 1: give them the benefit of the doubt and assume that

51
00:02:24,120 --> 00:02:27,040
Speaker 1: they had already ordered their food but had forgotten their water,

52
00:02:27,680 --> 00:02:29,480
Speaker 1: but they didn't get their water, and that maybe the

53
00:02:29,480 --> 00:02:31,960
Speaker 1: employees forgot to hook them up with their salad dressing. Right,

54
00:02:32,200 --> 00:02:34,200
Speaker 1: Although you don't wait in line at chif a. If

55
00:02:34,200 --> 00:02:35,240
Speaker 1: you want to do that, you kind of just kind

56
00:02:35,240 --> 00:02:37,400
Speaker 1: of cut to the front. You go off to the side. Yeah, Like,

57
00:02:37,400 --> 00:02:39,480
Speaker 1: if you're gonna get a refill, right, you do that right?

58
00:02:39,560 --> 00:02:41,519
Speaker 1: Oh yeah, okay, yeah, if you're going for a refills.

59
00:02:41,560 --> 00:02:43,240
Speaker 1: Making sure I'm not just like a jerk, No, if

60
00:02:43,240 --> 00:02:45,960
Speaker 1: you'm always cutting people. If you're going for a refill,

61
00:02:46,000 --> 00:02:49,480
Speaker 1: you go to the side and you wait patiently, exactly. Yeah,

62
00:02:49,560 --> 00:02:51,200
Speaker 1: of course you don't have to wait in the whole

63
00:02:51,200 --> 00:02:53,600
Speaker 1: lining in just to get a refill exactly. Yeah, but no,

64
00:02:53,720 --> 00:02:56,519
Speaker 1: I mean, I think you're right. If it is, we

65
00:02:56,560 --> 00:02:58,760
Speaker 1: can get this person the benefit of the doubt. If

66
00:02:58,800 --> 00:03:01,360
Speaker 1: they did have their salad and some fries or something

67
00:03:01,400 --> 00:03:03,000
Speaker 1: back at the table and they're like, oh, I forgot

68
00:03:03,000 --> 00:03:04,880
Speaker 1: to order a water and I didn't get salad dressing,

69
00:03:05,440 --> 00:03:08,760
Speaker 1: then it's totally fine. But let's say this person was

70
00:03:09,240 --> 00:03:11,359
Speaker 1: in it for the free salad dressing and kind of

71
00:03:11,639 --> 00:03:13,480
Speaker 1: using Chick fil A in that way, Like, how do

72
00:03:13,480 --> 00:03:16,880
Speaker 1: you feel about taking twenty five catchup packets with you

73
00:03:17,080 --> 00:03:19,600
Speaker 1: or asking for salad dressing when you didn't order a salad?

74
00:03:19,760 --> 00:03:22,320
Speaker 1: That strikes me as cheap personally. Yeah, you're definitely pushing

75
00:03:22,360 --> 00:03:25,200
Speaker 1: up against like some social norms. Because what I'm thinking

76
00:03:25,200 --> 00:03:27,200
Speaker 1: now what may have happened, would if they met some

77
00:03:27,280 --> 00:03:29,040
Speaker 1: friends at Chick fil A and they showed up with

78
00:03:29,080 --> 00:03:32,040
Speaker 1: their own little tupperware full of their own salad, and

79
00:03:32,120 --> 00:03:34,120
Speaker 1: they thought, you know what makes this really good is

80
00:03:34,120 --> 00:03:36,480
Speaker 1: getting that Chick fil A dressing on there by the way,

81
00:03:36,520 --> 00:03:38,840
Speaker 1: let me let me have a water, and then they

82
00:03:38,840 --> 00:03:40,680
Speaker 1: sat down with their friend. That would also be cheap.

83
00:03:40,720 --> 00:03:42,040
Speaker 1: I'm just saying, I'm just trying to figure out a

84
00:03:42,120 --> 00:03:43,920
Speaker 1: way that like, what were they actually doing. I'm trying

85
00:03:43,920 --> 00:03:45,600
Speaker 1: to figure out the story. I thought they were just

86
00:03:45,600 --> 00:03:48,080
Speaker 1: taking home the salad dressing so that when they had

87
00:03:48,160 --> 00:03:50,160
Speaker 1: salad in the future they were able to use their

88
00:03:50,200 --> 00:03:52,600
Speaker 1: favorite kind of free salad dressing. That was my assumption.

89
00:03:52,720 --> 00:03:56,000
Speaker 1: But but good times, all right, So I'd be interested

90
00:03:56,040 --> 00:03:58,280
Speaker 1: too to know kind of what our listeners think about

91
00:03:58,320 --> 00:04:01,120
Speaker 1: taking condiments from a fast food restaurant. In my opinion,

92
00:04:01,320 --> 00:04:03,560
Speaker 1: that's cheap and that's kind of against the rules to

93
00:04:03,720 --> 00:04:06,280
Speaker 1: load upon napkins, catchup salad dressing, any of that stuff.

94
00:04:06,320 --> 00:04:08,400
Speaker 1: But yeah, it's a it's a fun conversation at least.

95
00:04:08,600 --> 00:04:11,040
Speaker 1: That being said, I know you always grab matches. Like

96
00:04:11,040 --> 00:04:12,720
Speaker 1: if a restaurant, if it's a nicer place, I mean

97
00:04:12,720 --> 00:04:14,480
Speaker 1: a Chick fil a or a fast feed place, they're

98
00:04:14,480 --> 00:04:15,680
Speaker 1: not gonna have the thing of matches sitting there for

99
00:04:15,680 --> 00:04:17,880
Speaker 1: the kids to play with, right, But if it's like

100
00:04:17,960 --> 00:04:20,080
Speaker 1: if it's a nicer restaurant, like a lawsuit waiting to happen,

101
00:04:20,960 --> 00:04:22,560
Speaker 1: light some matches off on the ball pit, you know,

102
00:04:22,640 --> 00:04:25,880
Speaker 1: like for the kids, Like a Nica restaurant will have matches.

103
00:04:25,960 --> 00:04:29,359
Speaker 1: Matches are different because matches are specifically meant to be taken.

104
00:04:29,400 --> 00:04:31,440
Speaker 1: It's like a collected collector's item sort of thing, right,

105
00:04:31,480 --> 00:04:33,560
Speaker 1: But ketchup is meant to be used while you're eating there,

106
00:04:33,760 --> 00:04:36,520
Speaker 1: like the matches are like, hey, take some for yourself

107
00:04:36,680 --> 00:04:41,880
Speaker 1: and enjoy, And yeah, I might take four. Maybe that

108
00:04:41,920 --> 00:04:45,560
Speaker 1: sounds cheap if you matches? I like them a lot,

109
00:04:45,880 --> 00:04:47,600
Speaker 1: all right, Matt, let's mention the beer that we're drinking

110
00:04:47,600 --> 00:04:51,240
Speaker 1: on the show today. Listener David from Ontario sent us

111
00:04:51,240 --> 00:04:54,719
Speaker 1: a beer called Forgotten Lake Blueberry Ale. And this is

112
00:04:54,760 --> 00:04:57,640
Speaker 1: from Lake of the Woods Brewing Company and it's claim

113
00:04:57,720 --> 00:05:02,159
Speaker 1: to fame is that it is Ontario's northernmost brewery. Says

114
00:05:02,200 --> 00:05:04,920
Speaker 1: here it's a blueberry strong ale. Also, you mentioned he's

115
00:05:04,920 --> 00:05:07,760
Speaker 1: from Ontario. I wanted to say that he's from Keswick, Ontario.

116
00:05:07,960 --> 00:05:10,640
Speaker 1: I don't think I've ever said Kenswick before, but here's

117
00:05:10,680 --> 00:05:12,240
Speaker 1: my chance. I don't think I knew it existed, So

118
00:05:12,279 --> 00:05:13,960
Speaker 1: it's kind of cool. That's a spot on the map.

119
00:05:14,000 --> 00:05:16,000
Speaker 1: And I think i've heard it in the news before Keswick.

120
00:05:16,960 --> 00:05:19,279
Speaker 1: Maybe what were they doing up there? Yep, I couldn't

121
00:05:19,320 --> 00:05:23,000
Speaker 1: tell you. So yeah, thanks to David and Keswick for

122
00:05:23,120 --> 00:05:25,880
Speaker 1: sending this beer are away. Will share our thoughts on

123
00:05:25,920 --> 00:05:27,560
Speaker 1: this one at the end of the show. All right, Matt,

124
00:05:27,640 --> 00:05:29,760
Speaker 1: so it's time time to get to some listener questions.

125
00:05:29,760 --> 00:05:32,000
Speaker 1: I'm excited about this, Eduel. One of the things I

126
00:05:32,000 --> 00:05:34,760
Speaker 1: am the most excited about is that the way that

127
00:05:34,760 --> 00:05:38,000
Speaker 1: we're accepting listener questions is through the voice memos app

128
00:05:38,000 --> 00:05:40,880
Speaker 1: on your phone or the voice recorder, whatever your defaults

129
00:05:41,000 --> 00:05:43,320
Speaker 1: voice recording apps on your cell phone. You can just

130
00:05:43,360 --> 00:05:46,200
Speaker 1: pull that thing open, hit record, start recording. And that's

131
00:05:46,200 --> 00:05:47,880
Speaker 1: part of why these voice mails. They don't actually sound

132
00:05:47,920 --> 00:05:49,960
Speaker 1: like voice mails. They're a much higher quality and so

133
00:05:50,040 --> 00:05:52,839
Speaker 1: from an audio file sort of technical nerds standpoint, I

134
00:05:52,880 --> 00:05:55,839
Speaker 1: love how good they sound versus you know, like actual

135
00:05:55,920 --> 00:05:58,520
Speaker 1: voice small quality, it sounds pretty terrible. Yeah. Well, and

136
00:05:58,520 --> 00:06:00,720
Speaker 1: actually it's really easy for people to submit a question

137
00:06:00,760 --> 00:06:03,280
Speaker 1: that way too, because everyone's got that app on their phone,

138
00:06:03,279 --> 00:06:05,120
Speaker 1: and if you don't, you can download it really quickly.

139
00:06:05,360 --> 00:06:07,599
Speaker 1: And so we've got the specific directions. Like we said,

140
00:06:07,680 --> 00:06:09,200
Speaker 1: you can go to our website how to money dot

141
00:06:09,200 --> 00:06:11,440
Speaker 1: com slash ask, or you can literally just ask a

142
00:06:11,520 --> 00:06:14,000
Speaker 1: question into your voice memo app and email it over

143
00:06:14,040 --> 00:06:16,520
Speaker 1: to us at how to Money pod at gmail dot com.

144
00:06:16,600 --> 00:06:19,080
Speaker 1: So pretty simple and it's gonna sound really good, and

145
00:06:19,120 --> 00:06:21,240
Speaker 1: so let's see how good it sounds. Let's get to

146
00:06:21,240 --> 00:06:25,160
Speaker 1: our first one. Hey, guys, this is Patrick from Oklahoma.

147
00:06:25,640 --> 00:06:28,760
Speaker 1: I have a two part question, one being that my

148
00:06:28,839 --> 00:06:31,799
Speaker 1: fiance and I are saving for a real estate investment property.

149
00:06:32,360 --> 00:06:34,680
Speaker 1: She is currently going to school and she should be

150
00:06:34,720 --> 00:06:38,080
Speaker 1: graduating in two to three years. We have the money

151
00:06:38,120 --> 00:06:42,480
Speaker 1: set aside for a investment property and it's just sitting

152
00:06:42,520 --> 00:06:46,159
Speaker 1: in a savings account currently. We do not feel comfortable

153
00:06:46,480 --> 00:06:51,360
Speaker 1: investing until she has graduated and has begun working. So

154
00:06:51,440 --> 00:06:53,880
Speaker 1: the first question is what can we be doing with

155
00:06:53,960 --> 00:06:56,400
Speaker 1: our money with a two to three year window and

156
00:06:56,520 --> 00:06:59,920
Speaker 1: mind The second question is what can we be doing

157
00:07:00,320 --> 00:07:03,960
Speaker 1: to kind of just learn the ends and outs of

158
00:07:04,040 --> 00:07:07,680
Speaker 1: investing in the real estate property. So when we do

159
00:07:07,760 --> 00:07:10,560
Speaker 1: feel comfortable and she is working, we're just kind of

160
00:07:10,600 --> 00:07:13,920
Speaker 1: ready to pull the trigger and buy a property of

161
00:07:13,960 --> 00:07:18,360
Speaker 1: our own. We really enjoy your show and appreciate y'all's advice.

162
00:07:18,440 --> 00:07:22,920
Speaker 1: Thanks guys. Joel, how cool is that first listener questions

163
00:07:22,960 --> 00:07:24,880
Speaker 1: listening question? I love it. This is gonna be so fun.

164
00:07:24,920 --> 00:07:26,680
Speaker 1: I wonder if he lives close to Warre Buffett who

165
00:07:26,680 --> 00:07:29,520
Speaker 1: also lives in Oklahoma. Oh, maybe he gets McDonald's at

166
00:07:29,520 --> 00:07:31,920
Speaker 1: the same McDonald's that Warm Buffett gets his every morning.

167
00:07:32,000 --> 00:07:34,400
Speaker 1: How cool would that be. I'm not saying Patrick gets McDonald's,

168
00:07:34,400 --> 00:07:37,080
Speaker 1: but maybe it does run into Warm Buffett. Up. I

169
00:07:37,120 --> 00:07:38,880
Speaker 1: know I'd go get McDonald's if I get to hang

170
00:07:38,920 --> 00:07:40,720
Speaker 1: out with Warm Buffet at the same time, that's for sure.

171
00:07:40,880 --> 00:07:42,280
Speaker 1: All right, So let's start with the first part of

172
00:07:42,280 --> 00:07:44,800
Speaker 1: Patrick's question, Matt, what do you think? Yeah, so Patrick,

173
00:07:44,840 --> 00:07:47,000
Speaker 1: he didn't mention whether he has his money in a

174
00:07:47,120 --> 00:07:50,520
Speaker 1: high interest earning savings account, but that is what we

175
00:07:50,520 --> 00:07:54,480
Speaker 1: would recommend. There's a lot of great options online. Specifically,

176
00:07:54,520 --> 00:07:56,320
Speaker 1: my mind's going to see it because Joel, you love

177
00:07:56,360 --> 00:07:58,600
Speaker 1: see I, I've got my money, and ally both of

178
00:07:58,640 --> 00:08:01,840
Speaker 1: those are earning between two point two percent c I

179
00:08:01,920 --> 00:08:04,920
Speaker 1: T You've got two point four f five. Discover is

180
00:08:04,960 --> 00:08:07,760
Speaker 1: another great option. A lot of great online savings accounts

181
00:08:07,760 --> 00:08:09,800
Speaker 1: out there. And the reason I think, Matt, that we

182
00:08:09,800 --> 00:08:11,920
Speaker 1: would say that it needs to be in an online

183
00:08:11,960 --> 00:08:15,040
Speaker 1: savings account and not in in like the market in

184
00:08:15,080 --> 00:08:18,800
Speaker 1: some way form or fashion invested in stocks is that

185
00:08:18,880 --> 00:08:20,960
Speaker 1: you're just on too short of a time frame. He

186
00:08:21,000 --> 00:08:23,600
Speaker 1: said two to three years, yep. And that's just way

187
00:08:23,600 --> 00:08:26,760
Speaker 1: too narrow of a time. You could invest and ultimately

188
00:08:26,840 --> 00:08:29,200
Speaker 1: end up losing some of that capital in in two

189
00:08:29,200 --> 00:08:31,040
Speaker 1: to three years and have less to work with when

190
00:08:31,080 --> 00:08:33,520
Speaker 1: it comes to that real estate investment purchase. And so

191
00:08:33,600 --> 00:08:36,680
Speaker 1: it's important to think of preserving that capital and growing

192
00:08:36,720 --> 00:08:40,120
Speaker 1: it in the least risky way possible, and that is

193
00:08:40,360 --> 00:08:42,520
Speaker 1: online savings account to a t if you had like

194
00:08:42,559 --> 00:08:44,720
Speaker 1: a seven or eight year timeline where you were looking

195
00:08:44,760 --> 00:08:47,640
Speaker 1: to purchase an investment property, then then I think you

196
00:08:47,640 --> 00:08:49,960
Speaker 1: could feel a lot more comfortable putting some of that

197
00:08:49,960 --> 00:08:51,880
Speaker 1: money at risk in the market. But yeah, just too

198
00:08:51,880 --> 00:08:53,600
Speaker 1: short of a timeline to do that. And the reason

199
00:08:53,679 --> 00:08:55,680
Speaker 1: that you could lose money as I mean, if that

200
00:08:55,720 --> 00:08:57,679
Speaker 1: was invested in the market, you're going to see ups

201
00:08:57,679 --> 00:09:00,319
Speaker 1: and downs as the market, you know, has swings, and

202
00:09:00,440 --> 00:09:02,280
Speaker 1: if you need that money within two or three years

203
00:09:02,320 --> 00:09:04,480
Speaker 1: in the market happens to be down, well, you're losing money,

204
00:09:04,480 --> 00:09:07,400
Speaker 1: which totally sucks. Another reason why it's awesome to have

205
00:09:07,440 --> 00:09:10,120
Speaker 1: that money in a savings account like that is it's liquid.

206
00:09:10,640 --> 00:09:12,360
Speaker 1: When it does come time for you to pull a

207
00:09:12,360 --> 00:09:14,320
Speaker 1: trigger and make a purchase, you want to be able

208
00:09:14,360 --> 00:09:17,600
Speaker 1: to access that money immediately, in particular if it's a

209
00:09:17,640 --> 00:09:20,120
Speaker 1: hot market, because you know, you can't wait around and

210
00:09:20,120 --> 00:09:21,960
Speaker 1: wait for your money is for your shares to sell,

211
00:09:22,040 --> 00:09:23,440
Speaker 1: and then you have to transfer that to your regular

212
00:09:23,480 --> 00:09:24,800
Speaker 1: savings account, and then you have to move that to

213
00:09:24,800 --> 00:09:26,760
Speaker 1: your checking account in order to write a check for

214
00:09:26,840 --> 00:09:29,319
Speaker 1: your earnest money. No one's got time for that, and

215
00:09:29,360 --> 00:09:31,720
Speaker 1: by then you're gonna lose the deal. Yeah, no doubt.

216
00:09:32,000 --> 00:09:34,040
Speaker 1: And like we said that, you know there are great

217
00:09:34,120 --> 00:09:36,200
Speaker 1: savings accounts online where you can earn a great rate

218
00:09:36,240 --> 00:09:38,960
Speaker 1: of interest. The problem is that most people have their

219
00:09:39,000 --> 00:09:42,880
Speaker 1: savings accounts with big banks that aren't paying anything in interest.

220
00:09:42,960 --> 00:09:44,960
Speaker 1: So the fact is, if you have a decent sum

221
00:09:45,040 --> 00:09:47,840
Speaker 1: of money enough for a down payment on an investment property,

222
00:09:48,000 --> 00:09:49,400
Speaker 1: that's a good chunk of change and you want to

223
00:09:49,440 --> 00:09:51,120
Speaker 1: be making money on that money. And so if you

224
00:09:51,160 --> 00:09:52,920
Speaker 1: are doing business with one of the banks that doesn't

225
00:09:52,920 --> 00:09:54,920
Speaker 1: pay anything, well you need to switch and you need

226
00:09:54,960 --> 00:09:56,760
Speaker 1: to open up a new bank account. That's really important.

227
00:09:56,880 --> 00:09:58,560
Speaker 1: It's not that the bigs aren't paying anything. So they

228
00:09:58,559 --> 00:10:01,080
Speaker 1: are paying like point one or point zero one percent,

229
00:10:01,280 --> 00:10:04,360
Speaker 1: which is basically nothing. But again you hear us say

230
00:10:04,400 --> 00:10:06,880
Speaker 1: two point four five percent, and that sounds pretty easily

231
00:10:06,960 --> 00:10:09,160
Speaker 1: compared to the historic returns in the market of seven

232
00:10:09,200 --> 00:10:12,319
Speaker 1: maybe eight percent. But the fact is is, again, you're

233
00:10:12,320 --> 00:10:14,839
Speaker 1: not looking to completely double your money. You're just looking

234
00:10:14,840 --> 00:10:16,520
Speaker 1: to grow it and more than anything, just kind of

235
00:10:16,520 --> 00:10:19,360
Speaker 1: outpace inflation over the next few years. And then, Patrick,

236
00:10:19,440 --> 00:10:21,600
Speaker 1: to the second party question, you're asking about how you

237
00:10:21,600 --> 00:10:23,400
Speaker 1: can be ready so that when the time comes, you

238
00:10:23,440 --> 00:10:25,960
Speaker 1: know you're ready to go. And broadly speaking, we would

239
00:10:25,960 --> 00:10:27,960
Speaker 1: point you in the direction of Bigger Pockets dot com

240
00:10:28,120 --> 00:10:30,880
Speaker 1: and our good friend Coach Carson dot com. We had

241
00:10:30,960 --> 00:10:33,360
Speaker 1: him on an episode uh a couple of months ago.

242
00:10:33,800 --> 00:10:36,080
Speaker 1: But both of those resources are going to be incredible

243
00:10:36,080 --> 00:10:38,200
Speaker 1: when it comes to you figuring out how it is

244
00:10:38,200 --> 00:10:40,679
Speaker 1: that you want to approach real estate. We're big fans

245
00:10:40,679 --> 00:10:44,080
Speaker 1: of how Chad Carson approaches real estate from the standpoint

246
00:10:44,080 --> 00:10:46,360
Speaker 1: of not trying to amass tons and tons of properties,

247
00:10:46,360 --> 00:10:48,440
Speaker 1: but how can you do this sustainably and you know,

248
00:10:48,520 --> 00:10:50,840
Speaker 1: with with your goals in the forefront of your mind.

249
00:10:51,160 --> 00:10:53,640
Speaker 1: So definitely check him out, and Patrick, since Chad is

250
00:10:53,679 --> 00:10:57,000
Speaker 1: such an awesome person to study in this field, we'll

251
00:10:57,000 --> 00:10:58,640
Speaker 1: send you a copy of his book. He just released

252
00:10:58,640 --> 00:11:01,120
Speaker 1: a book not too long ago, and it is brilliant

253
00:11:01,160 --> 00:11:03,720
Speaker 1: when it comes to not only retiring early with real estate,

254
00:11:03,720 --> 00:11:05,560
Speaker 1: but just kind of learning some of the basics. Yes,

255
00:11:05,640 --> 00:11:06,800
Speaker 1: so we'll send that out to you in the next

256
00:11:06,840 --> 00:11:09,280
Speaker 1: couple of weeks. And one other thing I wanted to say.

257
00:11:09,360 --> 00:11:11,800
Speaker 1: When it comes to getting ready, obviously you want to

258
00:11:11,880 --> 00:11:13,960
Speaker 1: learn from the people that know what they're doing. But

259
00:11:14,040 --> 00:11:16,320
Speaker 1: on top of that, you want to study locally where

260
00:11:16,360 --> 00:11:19,880
Speaker 1: you live. Know your neighborhoods, no down to the street level,

261
00:11:20,240 --> 00:11:22,760
Speaker 1: the activity that's going on when it comes to home sales.

262
00:11:22,960 --> 00:11:25,040
Speaker 1: The more you know about the specific local area that

263
00:11:25,080 --> 00:11:27,480
Speaker 1: you are interested in investing in, the better off you

264
00:11:27,520 --> 00:11:30,000
Speaker 1: will be in two to three years time when you're

265
00:11:30,000 --> 00:11:32,360
Speaker 1: ready to make that purchase. Yeah. Patrick, And one of

266
00:11:32,400 --> 00:11:34,520
Speaker 1: the best ways that you can learn about your local

267
00:11:34,559 --> 00:11:37,880
Speaker 1: market there is to network with local groups that are

268
00:11:37,920 --> 00:11:40,480
Speaker 1: specifically all about investing in real estate. You can check

269
00:11:40,480 --> 00:11:43,360
Speaker 1: out meetup, dot com and just search real estate investing.

270
00:11:43,640 --> 00:11:46,000
Speaker 1: I did that just before the show and search. In

271
00:11:46,040 --> 00:11:49,240
Speaker 1: Atlanta within ten miles there are over thirty groups of

272
00:11:49,440 --> 00:11:52,400
Speaker 1: folks that meet together to talk about investing in real estate. Wow,

273
00:11:52,480 --> 00:11:56,200
Speaker 1: which is probably too many, So I'm not sure exactly

274
00:11:56,240 --> 00:11:58,120
Speaker 1: where you are there in Oklahoma. But I've got to

275
00:11:58,160 --> 00:11:59,720
Speaker 1: think there's gonna be some awesome groups for you to

276
00:11:59,720 --> 00:12:02,079
Speaker 1: get off with, at least maybe just one or a

277
00:12:02,120 --> 00:12:04,720
Speaker 1: couple of contacts, and then from there you can branch out, yeah,

278
00:12:04,760 --> 00:12:06,680
Speaker 1: and start from their start networking. I think that's gonna

279
00:12:06,679 --> 00:12:08,360
Speaker 1: be one of the best ways for you to quickly

280
00:12:08,600 --> 00:12:10,839
Speaker 1: learn from those who have some more experience, but then

281
00:12:10,880 --> 00:12:13,560
Speaker 1: also at the same time to learn about your specific market.

282
00:12:13,880 --> 00:12:15,520
Speaker 1: All right, Matt, that was fun. We taggled our first

283
00:12:15,559 --> 00:12:17,480
Speaker 1: listener question, and you know what, we got more on

284
00:12:17,559 --> 00:12:20,719
Speaker 1: deck and we'll get to those and specifically, should you

285
00:12:20,760 --> 00:12:23,640
Speaker 1: be investing for a retirement while you're in student loan debt?

286
00:12:23,640 --> 00:12:34,280
Speaker 1: We'll get to more right after the break, all right, Jel.

287
00:12:34,320 --> 00:12:36,120
Speaker 1: Our next question is gonna be from someone who has

288
00:12:36,240 --> 00:12:38,760
Speaker 1: some debts and is still in school. Let's hear it, Hi,

289
00:12:38,840 --> 00:12:41,840
Speaker 1: Matt and Joel. My name is Spencer and I'm from Atlanta, Georgia,

290
00:12:41,920 --> 00:12:44,120
Speaker 1: and I just have a quick question about investing when

291
00:12:44,120 --> 00:12:46,760
Speaker 1: you still have student loans right now. I'm a grad

292
00:12:46,840 --> 00:12:49,720
Speaker 1: student at a design school and Buckhead and I just

293
00:12:49,760 --> 00:12:52,480
Speaker 1: finished my undergrad where I took out about eight thousand

294
00:12:52,480 --> 00:12:55,160
Speaker 1: and loans, so nothing crazy, but I'm currently at a

295
00:12:55,200 --> 00:12:58,719
Speaker 1: place where I'm taking upwards of fifty maybe more by

296
00:12:58,720 --> 00:13:01,120
Speaker 1: the end of this one. I calculate and living expenses

297
00:13:01,120 --> 00:13:04,080
Speaker 1: and all of that, and I'm really interested in getting

298
00:13:04,160 --> 00:13:07,680
Speaker 1: roth ira A and retirement and using my money wisely,

299
00:13:07,760 --> 00:13:09,840
Speaker 1: but I don't know what to do since I have

300
00:13:09,960 --> 00:13:12,319
Speaker 1: to take out so much money right now and technically

301
00:13:12,360 --> 00:13:15,440
Speaker 1: I'm just in debt for a long time. So I

302
00:13:15,480 --> 00:13:18,160
Speaker 1: just want to know your opinions on starting a roth

303
00:13:18,200 --> 00:13:20,880
Speaker 1: ira and investing and how to save when you have

304
00:13:20,960 --> 00:13:23,720
Speaker 1: a loan and if that's even smart when you technically

305
00:13:23,760 --> 00:13:25,720
Speaker 1: don't even have the money that you're putting in that

306
00:13:25,840 --> 00:13:28,680
Speaker 1: roth ira a. And if you have any tips on

307
00:13:28,840 --> 00:13:31,520
Speaker 1: just paying off that student loan or anything like that,

308
00:13:31,559 --> 00:13:34,200
Speaker 1: please let me know. Um. I'm pretty confident that this

309
00:13:34,280 --> 00:13:36,360
Speaker 1: is going to be the right idea for my future

310
00:13:36,360 --> 00:13:38,800
Speaker 1: in my career, but it just sucks that I have to,

311
00:13:39,080 --> 00:13:40,679
Speaker 1: you know, put in all the money for it and

312
00:13:41,160 --> 00:13:43,720
Speaker 1: figure out retirement later. So I would love some tips.

313
00:13:44,080 --> 00:13:47,400
Speaker 1: Thank you so much. Love the podcast by Spencer. That's

314
00:13:47,400 --> 00:13:49,040
Speaker 1: a great question, and I love that you live in

315
00:13:49,040 --> 00:13:50,920
Speaker 1: our neck of the woods as well, so a t

316
00:13:51,080 --> 00:13:53,080
Speaker 1: L shout out, and yeah, I know that taking out

317
00:13:53,120 --> 00:13:56,240
Speaker 1: student loans is it sucks, and we have a student

318
00:13:56,240 --> 00:13:59,440
Speaker 1: loan problem in this country and it fortunately it sounds

319
00:13:59,440 --> 00:14:01,800
Speaker 1: like you're not taking out as much as a lot

320
00:14:01,800 --> 00:14:03,760
Speaker 1: of people end up taking out. But a lot of

321
00:14:03,760 --> 00:14:07,400
Speaker 1: people have this same question who have student loans. They're

322
00:14:07,440 --> 00:14:09,800
Speaker 1: going to be paying down student loans for quite some time,

323
00:14:10,000 --> 00:14:12,080
Speaker 1: and they're not sure how they should be thinking about

324
00:14:12,080 --> 00:14:14,440
Speaker 1: their future when it comes to saving for a house

325
00:14:14,600 --> 00:14:17,360
Speaker 1: or starting to invest for retirement. And so I think

326
00:14:17,400 --> 00:14:20,000
Speaker 1: that this question is actually one that a lot of

327
00:14:20,040 --> 00:14:23,480
Speaker 1: people have chedil. Like you said, not just retirement, but

328
00:14:23,520 --> 00:14:26,600
Speaker 1: other huge savings goals are are getting delayed because of

329
00:14:26,640 --> 00:14:30,040
Speaker 1: student loans. But yeah, and starting families, marriage, all that sucks.

330
00:14:30,520 --> 00:14:32,160
Speaker 1: And so the first thing you want to consider is

331
00:14:32,320 --> 00:14:35,480
Speaker 1: your employer match and Spencer, you didn't mention that you

332
00:14:35,520 --> 00:14:36,920
Speaker 1: had one of these. It doesn't sound like you have

333
00:14:36,960 --> 00:14:39,720
Speaker 1: an employer necessarily that offers one. But in the future,

334
00:14:39,960 --> 00:14:42,160
Speaker 1: if you have a job that offers an employee match,

335
00:14:42,320 --> 00:14:44,600
Speaker 1: you want to make sure that you're investing up to

336
00:14:44,800 --> 00:14:48,200
Speaker 1: that match, since it's a return on your money. And

337
00:14:48,200 --> 00:14:50,920
Speaker 1: this is even while you have student loans regardless of

338
00:14:50,920 --> 00:14:53,000
Speaker 1: the rate, because again, when your employer is matching, when

339
00:14:53,000 --> 00:14:55,640
Speaker 1: they're contributing one for one, right for for every dollar

340
00:14:55,680 --> 00:14:58,040
Speaker 1: that you're contributing, they're contributing as well or fifty cents

341
00:14:58,080 --> 00:14:59,800
Speaker 1: on the dollar like some employers do. Yeah, I mean

342
00:14:59,840 --> 00:15:01,880
Speaker 1: that that's a huge turn on your money. So yeah,

343
00:15:01,960 --> 00:15:04,080
Speaker 1: make sure you're taking advantage of that. Yeah, but it

344
00:15:04,120 --> 00:15:06,400
Speaker 1: sounds like you were thinking about a rath, which means

345
00:15:06,400 --> 00:15:09,520
Speaker 1: that there's no employer match in your scenario. So I

346
00:15:09,520 --> 00:15:12,680
Speaker 1: guess the biggest thing to consider is the interest rate

347
00:15:12,720 --> 00:15:15,240
Speaker 1: on your student loan debt. And if you have a

348
00:15:15,320 --> 00:15:18,280
Speaker 1: really high interest rate, then you're going to want to

349
00:15:18,320 --> 00:15:21,680
Speaker 1: probably forego retirement investing for the time being and focus

350
00:15:21,800 --> 00:15:24,800
Speaker 1: on that guaranteed return that you're going to get from

351
00:15:24,800 --> 00:15:27,760
Speaker 1: paying down a high interest rate debt quickly. It stinks

352
00:15:27,800 --> 00:15:31,240
Speaker 1: to delay your retirement savings. It's just not ideal to

353
00:15:31,280 --> 00:15:33,480
Speaker 1: put it on hold, but it is the right thing

354
00:15:33,520 --> 00:15:36,440
Speaker 1: to do if you have a student loan with high

355
00:15:36,440 --> 00:15:38,680
Speaker 1: interest rates. So Matt and I kind of have a

356
00:15:38,680 --> 00:15:42,400
Speaker 1: philosophy that if your student loan interest rate is above

357
00:15:42,440 --> 00:15:45,240
Speaker 1: seven percent, then that's when you're going to want to

358
00:15:45,320 --> 00:15:47,560
Speaker 1: kind of pay it off more quickly, and if you're

359
00:15:47,600 --> 00:15:50,520
Speaker 1: in that gray area of five to seven percent, really

360
00:15:50,600 --> 00:15:52,760
Speaker 1: it's up to you to make a choice, and a

361
00:15:52,760 --> 00:15:54,800
Speaker 1: lot of people decide to kind of do both at

362
00:15:54,800 --> 00:15:57,360
Speaker 1: the same time. So let's say you have five thousand

363
00:15:57,440 --> 00:15:59,600
Speaker 1: extra dollars per year that you can put towards either

364
00:15:59,640 --> 00:16:01,640
Speaker 1: your debt or your wrath. You might make sense to

365
00:16:01,720 --> 00:16:05,360
Speaker 1: split the difference and puts into a roth ira and

366
00:16:05,360 --> 00:16:09,080
Speaker 1: put the other directly towards that student loan debt. But

367
00:16:09,120 --> 00:16:11,480
Speaker 1: if you have an even lower interest right than that,

368
00:16:11,480 --> 00:16:14,240
Speaker 1: that's when you're going to want to actually not focus

369
00:16:14,320 --> 00:16:16,440
Speaker 1: on paying it down as quickly as possible and start

370
00:16:16,480 --> 00:16:19,720
Speaker 1: to accelerate your retirement savings. Yeah, and considering most student

371
00:16:19,720 --> 00:16:22,840
Speaker 1: loans are below that sort of seven percent mark, I

372
00:16:22,880 --> 00:16:24,560
Speaker 1: think a lot of students out there who do have

373
00:16:24,560 --> 00:16:28,000
Speaker 1: student loans can focus on the retirement savings or they

374
00:16:28,040 --> 00:16:30,920
Speaker 1: can focus on other large goals. The reason we say

375
00:16:31,120 --> 00:16:34,200
Speaker 1: around that seven percent mark is because historically that's about

376
00:16:34,200 --> 00:16:36,400
Speaker 1: what you can expect to earn in the market. Because,

377
00:16:36,440 --> 00:16:38,520
Speaker 1: like you said, Spencer, you it feels weird that you're

378
00:16:38,520 --> 00:16:41,400
Speaker 1: investing this money that you aren't currently earning because you're

379
00:16:41,440 --> 00:16:44,160
Speaker 1: living on student loans. But the fact is, if those

380
00:16:44,200 --> 00:16:46,720
Speaker 1: student loans are at you know, two, three or four percent,

381
00:16:47,080 --> 00:16:49,520
Speaker 1: turning around and taking that money and investing a portion

382
00:16:49,560 --> 00:16:51,600
Speaker 1: of that in a roth Ira to kind of get

383
00:16:51,680 --> 00:16:54,880
Speaker 1: your retirement savings started, I think is a wise decision

384
00:16:54,880 --> 00:16:57,560
Speaker 1: and honestly, that's what I would personally do myself. Sweet

385
00:16:57,680 --> 00:17:00,160
Speaker 1: our buddy. Next question, This one is about an old

386
00:17:00,160 --> 00:17:03,240
Speaker 1: busted up Nissan Ultima and I can identify, and I

387
00:17:03,280 --> 00:17:04,959
Speaker 1: think this one is near and dear to your heart

388
00:17:05,040 --> 00:17:07,000
Speaker 1: you having an old busted up niece on at some

389
00:17:07,080 --> 00:17:09,480
Speaker 1: point as well. Yep, no longer, but let's hear this

390
00:17:09,480 --> 00:17:11,800
Speaker 1: one out. Hi, Matt and Joel. My name is r J.

391
00:17:11,920 --> 00:17:14,760
Speaker 1: And I'm from Cincinnati. I am the mostly proud owner

392
00:17:14,800 --> 00:17:17,560
Speaker 1: of a two thousand nine niece On Ultima. I've ran

393
00:17:17,640 --> 00:17:19,720
Speaker 1: it pretty hard the last year and a half, managed

394
00:17:19,720 --> 00:17:22,359
Speaker 1: to put on forty seven thousand miles. So now the

395
00:17:22,400 --> 00:17:25,080
Speaker 1: wheels are starting to come off of the car. Quite literally.

396
00:17:25,480 --> 00:17:28,400
Speaker 1: Last Wednesday, the front driver's side wheel ended up coming

397
00:17:28,440 --> 00:17:31,119
Speaker 1: off of my car. The non routine maintenance costs have

398
00:17:31,160 --> 00:17:34,679
Speaker 1: started to get pretty high. They're about a year. This

399
00:17:34,800 --> 00:17:38,040
Speaker 1: is maintenance that doesn't include typical things such as oil

400
00:17:38,119 --> 00:17:41,120
Speaker 1: changes or spark plugs. I would prefer to pay cash

401
00:17:41,160 --> 00:17:42,920
Speaker 1: for a new car, but I can't do it without

402
00:17:42,960 --> 00:17:45,840
Speaker 1: wrecking my emergency fund. So I'm trying to figure out

403
00:17:45,880 --> 00:17:48,560
Speaker 1: ways to compare costs, the cost of holding onto an

404
00:17:48,560 --> 00:17:52,000
Speaker 1: old car with a lot of maintenance or a new

405
00:17:52,160 --> 00:17:55,600
Speaker 1: payment each month. Are there any other factors I should consider,

406
00:17:55,920 --> 00:17:59,440
Speaker 1: perhaps insurance or gas costs. Thanks for your help. I

407
00:17:59,480 --> 00:18:01,879
Speaker 1: can completly identify with r J. Here. I was rolling

408
00:18:01,880 --> 00:18:04,680
Speaker 1: with an old, beat up Ultima for quite a long

409
00:18:04,720 --> 00:18:07,280
Speaker 1: time before I got my Leaf, which I've had for

410
00:18:07,359 --> 00:18:09,560
Speaker 1: like five years now, and it becomes hard to know

411
00:18:09,600 --> 00:18:11,480
Speaker 1: what to do over time as your car gets older

412
00:18:11,480 --> 00:18:13,640
Speaker 1: and older and you start to have more and more

413
00:18:13,720 --> 00:18:17,040
Speaker 1: repair issues come up on it. Especially I'm really sorry

414
00:18:17,040 --> 00:18:19,680
Speaker 1: about this, r J. That your wheel completely fell off.

415
00:18:20,200 --> 00:18:22,320
Speaker 1: That's I mean, that's frightening if it happened while you

416
00:18:22,359 --> 00:18:25,280
Speaker 1: were driving. Hopefully not, but maybe it did. Yeah, that's

417
00:18:25,280 --> 00:18:27,600
Speaker 1: a that's a scary scenario. And then on top of that,

418
00:18:27,640 --> 00:18:31,199
Speaker 1: the costs associated with repairing that they creep up, and

419
00:18:31,240 --> 00:18:33,400
Speaker 1: at the same time, you pretty much hate your car

420
00:18:33,800 --> 00:18:35,399
Speaker 1: because what it just did to you, Like you're just

421
00:18:35,520 --> 00:18:37,040
Speaker 1: upset about it and you want to get rid of it.

422
00:18:37,400 --> 00:18:40,520
Speaker 1: Don't take it personally, man, but there's completely an emotional

423
00:18:40,520 --> 00:18:42,480
Speaker 1: component to this where if your car leaves you in

424
00:18:42,520 --> 00:18:45,439
Speaker 1: the lurch too many times, or if there's something if

425
00:18:45,480 --> 00:18:47,560
Speaker 1: you're fixing too many things. It's not just the money,

426
00:18:47,680 --> 00:18:50,400
Speaker 1: but there's this emotional component to an old car when

427
00:18:50,400 --> 00:18:51,920
Speaker 1: it starts to break down and give you a bunch

428
00:18:51,960 --> 00:18:53,960
Speaker 1: of issues where you just start to hate the thing.

429
00:18:54,240 --> 00:18:56,879
Speaker 1: And so it sounds like r J is not quite

430
00:18:56,880 --> 00:18:58,720
Speaker 1: to the point maybe where I was with my old

431
00:18:58,800 --> 00:19:01,800
Speaker 1: Ultima at the time, but he is experiencing some issues, Matt,

432
00:19:01,800 --> 00:19:03,960
Speaker 1: So what do you think like where you're talking about

433
00:19:04,040 --> 00:19:05,640
Speaker 1: kind of inconvenience. And that's the first thing I wanted

434
00:19:05,640 --> 00:19:07,360
Speaker 1: to talk about, which is that a lot of times

435
00:19:07,359 --> 00:19:09,320
Speaker 1: people think through just the headache that they have to

436
00:19:09,320 --> 00:19:10,879
Speaker 1: deal with when it comes to trying to get to

437
00:19:10,920 --> 00:19:13,520
Speaker 1: work on time car breaks down like what you do,

438
00:19:13,720 --> 00:19:15,800
Speaker 1: or in the afternoon you're trying to get home and

439
00:19:15,880 --> 00:19:17,240
Speaker 1: your car won't to start, you're kind of stuck in

440
00:19:17,240 --> 00:19:19,480
Speaker 1: the parking lot or stuck in the parking garage. And

441
00:19:19,480 --> 00:19:21,080
Speaker 1: so with that in mind, I wanted to mention the

442
00:19:21,119 --> 00:19:23,959
Speaker 1: different ride sharing apps like Uber and Left, because I

443
00:19:23,960 --> 00:19:27,320
Speaker 1: feel like that that has completely eliminated sort of inconvenience

444
00:19:27,359 --> 00:19:29,360
Speaker 1: that we experienced a lot of times, when you can

445
00:19:29,359 --> 00:19:31,600
Speaker 1: just pull up your phone real quick and within minutes

446
00:19:31,840 --> 00:19:34,040
Speaker 1: you can have a ride show up and they can

447
00:19:34,040 --> 00:19:36,240
Speaker 1: take you where you need to be, especially work. I

448
00:19:36,280 --> 00:19:37,800
Speaker 1: feel like that puts a check mark in the box

449
00:19:37,800 --> 00:19:41,159
Speaker 1: of hanging onto an old car, because having that reliability

450
00:19:41,200 --> 00:19:43,359
Speaker 1: of either your own car to get you there or

451
00:19:43,560 --> 00:19:45,440
Speaker 1: some sort of platform a system that you know you

452
00:19:45,480 --> 00:19:48,000
Speaker 1: can count on the backup option. Yeah exactly. I know.

453
00:19:48,080 --> 00:19:50,040
Speaker 1: Back in the day, man, that wasn't something you could

454
00:19:50,080 --> 00:19:52,400
Speaker 1: come on and it was a true fear to think that,

455
00:19:52,400 --> 00:19:55,200
Speaker 1: oh man, I might be stranded somewhere. Maybe you're lucky

456
00:19:55,280 --> 00:19:57,440
Speaker 1: enough to have a friend that had triple A definitely

457
00:19:57,440 --> 00:19:59,080
Speaker 1: been in that boat before too. But otherwise you're just

458
00:19:59,160 --> 00:20:01,560
Speaker 1: you're kind of stranded, and that's the terrible spot to

459
00:20:01,600 --> 00:20:03,480
Speaker 1: be in. And so I guess we're lucky today that

460
00:20:03,520 --> 00:20:05,600
Speaker 1: we have the technology on our phone so to quickly

461
00:20:05,600 --> 00:20:07,119
Speaker 1: get us to where we need to be. All right,

462
00:20:07,160 --> 00:20:08,960
Speaker 1: So let's talk about maybe like a rule of thumb

463
00:20:08,960 --> 00:20:12,120
Speaker 1: that can help r J decide whether or not this

464
00:20:12,200 --> 00:20:16,840
Speaker 1: car is worth keeping, and my gut r J says

465
00:20:16,880 --> 00:20:19,080
Speaker 1: that you should hold onto it for a couple more years.

466
00:20:19,080 --> 00:20:21,080
Speaker 1: But okay, here's kind of a rule of thumb that

467
00:20:21,119 --> 00:20:24,800
Speaker 1: I think works well for people in really any scenario

468
00:20:24,840 --> 00:20:26,960
Speaker 1: if they've got an older vehicle and they're deciding they're

469
00:20:26,960 --> 00:20:29,000
Speaker 1: trying to decide whether or not to keep it. That

470
00:20:29,160 --> 00:20:32,800
Speaker 1: is that when the cost of repairs exceed fifty of

471
00:20:32,840 --> 00:20:36,240
Speaker 1: the value of the vehicle, that's when you're really getting

472
00:20:36,280 --> 00:20:38,640
Speaker 1: to the point of no return and it's not worth

473
00:20:38,680 --> 00:20:41,000
Speaker 1: it to sink more and more money into your ride.

474
00:20:41,200 --> 00:20:43,640
Speaker 1: For instance, let's say your car is worth four thousand dollars.

475
00:20:43,920 --> 00:20:46,800
Speaker 1: It would take a two thousand dollar expense, like a

476
00:20:46,840 --> 00:20:49,639
Speaker 1: one time expense like a transmission or an engine going out. Still,

477
00:20:50,040 --> 00:20:52,040
Speaker 1: that would be the only scenario in which you would

478
00:20:52,040 --> 00:20:54,120
Speaker 1: make sense if you to ditch that car. Other than

479
00:20:54,160 --> 00:20:56,320
Speaker 1: that from a financial standpoint at least, like we we

480
00:20:56,400 --> 00:20:58,600
Speaker 1: touched on the emotional thing, but from the financial standpoint

481
00:20:58,640 --> 00:21:00,879
Speaker 1: at least, it makes more sense to hold onto it

482
00:21:01,240 --> 00:21:03,840
Speaker 1: and deal with those repairs as they come up. Because

483
00:21:03,960 --> 00:21:05,520
Speaker 1: and you mentioned a new car, and I'm not sure

484
00:21:05,560 --> 00:21:07,200
Speaker 1: whether you meant a new car or a new to

485
00:21:07,320 --> 00:21:09,400
Speaker 1: you used car. If we're talking to a new car,

486
00:21:10,000 --> 00:21:13,199
Speaker 1: the average payment on a new car these days is

487
00:21:13,320 --> 00:21:16,720
Speaker 1: like over five and on top of that, you're gonna

488
00:21:16,760 --> 00:21:19,680
Speaker 1: pay increased insurance costs like you mentioned too, So buying

489
00:21:19,720 --> 00:21:22,840
Speaker 1: a new car is probably not the best case scenario

490
00:21:22,920 --> 00:21:25,399
Speaker 1: for almost anybody. Yeah, we're never going to recommend a

491
00:21:25,440 --> 00:21:28,639
Speaker 1: new car. Yeah, So what we would say is, maybe

492
00:21:28,680 --> 00:21:31,000
Speaker 1: if you're thinking about getting rid of this one and

493
00:21:31,080 --> 00:21:33,199
Speaker 1: selling it, maybe it makes sense to look at like

494
00:21:33,200 --> 00:21:35,440
Speaker 1: a five year old used car. You could find something

495
00:21:35,480 --> 00:21:37,880
Speaker 1: awesome with that sort of age on it that will

496
00:21:37,960 --> 00:21:40,040
Speaker 1: be so much more reliable and it wouldn't leave you

497
00:21:40,119 --> 00:21:43,119
Speaker 1: strained where the wheels hopefully wouldn't be falling off. But

498
00:21:43,240 --> 00:21:45,240
Speaker 1: if you can stick it out, I think if you

499
00:21:45,240 --> 00:21:47,040
Speaker 1: can stick it out for another year or two while

500
00:21:47,080 --> 00:21:49,520
Speaker 1: you build up your savings even more, and then buy

501
00:21:49,560 --> 00:21:51,320
Speaker 1: a five year old car, I mean, that's when you're

502
00:21:51,320 --> 00:21:53,560
Speaker 1: gonna be in the sweet spot. R J. Also, you

503
00:21:53,600 --> 00:21:56,240
Speaker 1: want to consider the reliability of your specific vehicle, Like

504
00:21:56,359 --> 00:22:00,000
Speaker 1: Nissan's toyotas, Honda's they've all got awesome track records when

505
00:22:00,040 --> 00:22:03,119
Speaker 1: it comes to being able to make a repair that

506
00:22:03,200 --> 00:22:06,200
Speaker 1: isn't gonna total the vehicle essentially, and then you'll be

507
00:22:06,240 --> 00:22:09,200
Speaker 1: able to have that vehicle for another twenty sixty thousand miles.

508
00:22:09,560 --> 00:22:12,000
Speaker 1: Check out Consumer Reports. They always do an awesome job

509
00:22:12,040 --> 00:22:14,280
Speaker 1: when it comes to rating the reliability on the different

510
00:22:14,280 --> 00:22:16,760
Speaker 1: makes and models out there. Specifically, I'm thinking about how

511
00:22:16,800 --> 00:22:19,080
Speaker 1: I used to have a Jeep Cherokee, and man, those

512
00:22:19,119 --> 00:22:22,159
Speaker 1: jokers are always like at the very very bottom of

513
00:22:22,160 --> 00:22:24,280
Speaker 1: the list. And so if you're looking at a repair

514
00:22:24,440 --> 00:22:27,720
Speaker 1: right there with Range Rovers he seriously, which I also

515
00:22:27,760 --> 00:22:30,440
Speaker 1: owned at some point. This is a story for another podcast.

516
00:22:31,880 --> 00:22:35,280
Speaker 1: I own the most unreliable and expensive vehicles to operate.

517
00:22:35,640 --> 00:22:38,120
Speaker 1: So yeah, if you're looking at a repair on a vehicle, uh,

518
00:22:38,160 --> 00:22:40,120
Speaker 1: and it's got an awesome track record when it comes

519
00:22:40,119 --> 00:22:42,080
Speaker 1: to reliability, you know that that's going to get you

520
00:22:42,119 --> 00:22:44,359
Speaker 1: a lot further along. Make sure that you take that

521
00:22:44,400 --> 00:22:47,280
Speaker 1: into account. Obviously, you've got a Nissan Ultima, Joel, you

522
00:22:47,320 --> 00:22:50,560
Speaker 1: had a stick Nissan Ultima, soa that's like extra bonus

523
00:22:50,560 --> 00:22:55,400
Speaker 1: points for longevity when it comes to those transmissions last forever. Yeah, exactly.

524
00:22:55,440 --> 00:22:57,240
Speaker 1: And that was a great car, it really was. I

525
00:22:57,280 --> 00:22:59,240
Speaker 1: hated to see it go and I really missed driving

526
00:22:59,240 --> 00:23:00,560
Speaker 1: a stick I will say, but I thought you were

527
00:23:00,560 --> 00:23:02,680
Speaker 1: just saying earlier how like emotionally you hated it because

528
00:23:02,880 --> 00:23:05,200
Speaker 1: like treated you bad or something. No, I mean I

529
00:23:05,200 --> 00:23:08,520
Speaker 1: shouldn't have spoken so ill of my my older Ultima.

530
00:23:08,760 --> 00:23:10,399
Speaker 1: It was a good ride for a long time. If

531
00:23:10,440 --> 00:23:12,720
Speaker 1: you actually think back those memories, you get those warm,

532
00:23:12,720 --> 00:23:15,119
Speaker 1: frugal fuzzies, right exactly. Yeah, And so that was a

533
00:23:15,119 --> 00:23:17,520
Speaker 1: car mat that I bought forty bucks, I drove it

534
00:23:17,560 --> 00:23:19,000
Speaker 1: for eight years, and then I sold it for twelve

535
00:23:19,080 --> 00:23:22,879
Speaker 1: hundred bucks. So, man, you can drive older vehicles. And

536
00:23:22,920 --> 00:23:25,639
Speaker 1: I think we make it too easy on ourselves to

537
00:23:25,760 --> 00:23:29,160
Speaker 1: ditch an older vehicle. So just remember that there are

538
00:23:29,240 --> 00:23:31,000
Speaker 1: a lot of ways that you can If you can

539
00:23:31,040 --> 00:23:33,720
Speaker 1: just stay emotionally happy with that car, you can stick

540
00:23:33,760 --> 00:23:35,080
Speaker 1: with it, and it's going to save you a lot

541
00:23:35,119 --> 00:23:37,000
Speaker 1: of money in the long run. And then one other

542
00:23:37,119 --> 00:23:40,879
Speaker 1: just secondary cost that is going to also be lowered

543
00:23:40,880 --> 00:23:42,720
Speaker 1: because of that is your insurance cost. And you mentioned

544
00:23:42,720 --> 00:23:45,200
Speaker 1: that briefly, but if you move up to a newer vehicle,

545
00:23:45,280 --> 00:23:47,480
Speaker 1: if you have a payment on that vehicle, in particular,

546
00:23:47,600 --> 00:23:50,080
Speaker 1: you're gonna have to have full coverage on that vehicle,

547
00:23:50,200 --> 00:23:52,320
Speaker 1: and that is going to cost you more money. So

548
00:23:52,520 --> 00:23:54,920
Speaker 1: if you have this older car that you can self

549
00:23:54,920 --> 00:23:56,960
Speaker 1: insure essentially by having a few thousand dollars in the

550
00:23:56,960 --> 00:23:59,199
Speaker 1: bank account to buy a new crummy used car, if

551
00:23:59,200 --> 00:24:01,199
Speaker 1: that one were to get an accident, well then that

552
00:24:01,240 --> 00:24:03,680
Speaker 1: can save you a lot of money in recurring insurance costs.

553
00:24:03,680 --> 00:24:05,360
Speaker 1: So just make sure to factor that in as well.

554
00:24:05,680 --> 00:24:07,840
Speaker 1: And another thing real quick, r J. You mentioned gas mileage.

555
00:24:07,960 --> 00:24:11,520
Speaker 1: Oftentimes gas mileage gets overblown. I think too much emphasis

556
00:24:11,520 --> 00:24:14,840
Speaker 1: gets placed on gas mileage. So if you are debating

557
00:24:14,840 --> 00:24:17,320
Speaker 1: between two different vehicles, just actually do the math and

558
00:24:17,400 --> 00:24:19,919
Speaker 1: run the numbers, kind of the miles between home and

559
00:24:19,960 --> 00:24:22,439
Speaker 1: work and in other places that you drive, and actually

560
00:24:22,480 --> 00:24:24,280
Speaker 1: do the math and how much that would set you

561
00:24:24,320 --> 00:24:27,240
Speaker 1: back every year were you to keep the older vehicle

562
00:24:27,359 --> 00:24:30,439
Speaker 1: that potentially had worst gas mileage. And I think oftentimes

563
00:24:30,520 --> 00:24:32,879
Speaker 1: folks would be surprised at how little money that is.

564
00:24:33,160 --> 00:24:34,480
Speaker 1: And so after the break, we're gonna get to you

565
00:24:34,520 --> 00:24:37,320
Speaker 1: two more questions. One about wrapping your car, which Joel,

566
00:24:37,359 --> 00:24:39,720
Speaker 1: you've got personal experience with, you know, And we've got

567
00:24:39,800 --> 00:24:42,000
Speaker 1: one more question about ways to save money when you're

568
00:24:42,040 --> 00:24:44,280
Speaker 1: on the road touring with your band, which we do

569
00:24:44,359 --> 00:24:46,600
Speaker 1: not have personal experience with so we'll get to those

570
00:24:46,680 --> 00:24:57,600
Speaker 1: right after the break. All right, Matt more listener questions.

571
00:24:57,720 --> 00:25:00,320
Speaker 1: It's like a corny copia. I love it. All right,

572
00:25:00,400 --> 00:25:02,920
Speaker 1: let's get to the next one about car wrapping. Hey,

573
00:25:02,920 --> 00:25:05,320
Speaker 1: what's up, guys. My name is Breevar Smith and I

574
00:25:05,359 --> 00:25:08,120
Speaker 1: listened to How to Money here in Colorado Springs, Colorado.

575
00:25:08,520 --> 00:25:11,080
Speaker 1: I heard on one of your episodes you guys mentioned

576
00:25:11,680 --> 00:25:14,520
Speaker 1: about wrapping your car to ear an extra money. But

577
00:25:14,680 --> 00:25:17,439
Speaker 1: when I looked online, there wore some scams, and I

578
00:25:17,480 --> 00:25:19,280
Speaker 1: wanted to make sure that if I do sign up

579
00:25:19,280 --> 00:25:21,359
Speaker 1: to get my car wrapped, I want to do it

580
00:25:21,400 --> 00:25:26,359
Speaker 1: with legit. Also, I'm interested in getting into tech, but

581
00:25:26,440 --> 00:25:29,920
Speaker 1: I necessarily don't want to do the regular I T route.

582
00:25:29,960 --> 00:25:32,560
Speaker 1: I'm really interested in technology. I mean, I'm interested in

583
00:25:33,440 --> 00:25:36,960
Speaker 1: ai VR and all that stuff. I do have the

584
00:25:37,000 --> 00:25:39,600
Speaker 1: Montgomery g I bill. What route do you guys think

585
00:25:39,640 --> 00:25:41,120
Speaker 1: I should go to get my foot in the door

586
00:25:41,160 --> 00:25:44,400
Speaker 1: to do some fun and exciting stuff. Peace out? Awesome,

587
00:25:44,480 --> 00:25:46,800
Speaker 1: that was a great question. Thank you, Brevard Joel. I'm

588
00:25:46,840 --> 00:25:49,040
Speaker 1: so glad that you you've got personal experience when it

589
00:25:49,040 --> 00:25:51,440
Speaker 1: comes to wrapping your car to lad honest man. Yeah, so,

590
00:25:51,760 --> 00:25:54,919
Speaker 1: I do. I wrapped my niece on leaf for a

591
00:25:54,920 --> 00:25:57,760
Speaker 1: few months much to this your granted my neighbors, I

592
00:25:57,800 --> 00:26:00,160
Speaker 1: don't think they were super into it. My kids loved

593
00:26:00,160 --> 00:26:01,439
Speaker 1: it though. They thought it was We had these like

594
00:26:01,520 --> 00:26:04,000
Speaker 1: cute little figures on the back of the wrap, and

595
00:26:04,119 --> 00:26:06,600
Speaker 1: they loved it. They thought it was so adorable. Yeah,

596
00:26:06,600 --> 00:26:08,200
Speaker 1: I didn't have that honey boo boo wrap that you're

597
00:26:08,200 --> 00:26:10,679
Speaker 1: really crossing your fingers for. That's that's what I wanted to,

598
00:26:10,840 --> 00:26:13,639
Speaker 1: just completely embarrass myself and everyone around me. That was

599
00:26:13,680 --> 00:26:17,240
Speaker 1: apparently the first campaign that the wrapping company I signed

600
00:26:17,320 --> 00:26:19,840
Speaker 1: up to to be with that they were going to do.

601
00:26:19,880 --> 00:26:22,239
Speaker 1: But I just narrowly missed that. So sucks. I know,

602
00:26:22,560 --> 00:26:24,879
Speaker 1: no honey boo boo on my car, But there are

603
00:26:24,920 --> 00:26:28,720
Speaker 1: really only a a couple of companies that are legit

604
00:26:28,760 --> 00:26:30,639
Speaker 1: when it comes to car wrapping. There are a lot

605
00:26:30,640 --> 00:26:32,399
Speaker 1: of people, Especially if you go on like Craigslist and

606
00:26:32,400 --> 00:26:34,560
Speaker 1: you're looking for a part time income or something like that,

607
00:26:34,560 --> 00:26:37,040
Speaker 1: you're going to see people saying that they will wrap

608
00:26:37,040 --> 00:26:38,880
Speaker 1: your car and pay you money. A lot of those

609
00:26:38,920 --> 00:26:40,680
Speaker 1: are scams, though, so you're gonna want to stay away.

610
00:26:41,000 --> 00:26:43,680
Speaker 1: Rapidfi is the one that I used, and the way

611
00:26:43,720 --> 00:26:45,680
Speaker 1: you get into that is you download the app, they

612
00:26:45,720 --> 00:26:47,639
Speaker 1: track you're driving, and then they notify you when a

613
00:26:47,680 --> 00:26:50,440
Speaker 1: campaign is available in your area. There's another one called

614
00:26:50,520 --> 00:26:53,160
Speaker 1: carver Ties. I haven't used it, but those are really

615
00:26:53,160 --> 00:26:56,040
Speaker 1: the only legit ones that I know of that exist.

616
00:26:56,400 --> 00:26:58,879
Speaker 1: I did have one minor issue when the rap was

617
00:26:58,920 --> 00:27:01,600
Speaker 1: taken off my car and my my rear windshield wiper

618
00:27:01,720 --> 00:27:03,880
Speaker 1: was broken, and I had a little bit of difficulty

619
00:27:03,920 --> 00:27:07,200
Speaker 1: getting customer service from rapid Fi, but ultimately they made

620
00:27:07,200 --> 00:27:09,240
Speaker 1: it right, and so yeah, that that was I just

621
00:27:09,280 --> 00:27:11,280
Speaker 1: want to let let you know that that these are

622
00:27:11,359 --> 00:27:13,399
Speaker 1: kind of small start up companies that are trying to

623
00:27:13,440 --> 00:27:15,679
Speaker 1: figure things out, and so they might not always have

624
00:27:15,760 --> 00:27:18,280
Speaker 1: the best customer service at the same time. But yeah, Joel,

625
00:27:18,280 --> 00:27:20,199
Speaker 1: it is good to see that, you know, they are

626
00:27:20,240 --> 00:27:22,119
Speaker 1: a legitimate company and in the end, you know, they

627
00:27:22,119 --> 00:27:23,600
Speaker 1: did treat you fairly when it came to you know,

628
00:27:23,640 --> 00:27:25,479
Speaker 1: cutting you that check for that claim to to get

629
00:27:25,520 --> 00:27:27,960
Speaker 1: your rear wiper fixed. And how much did you make

630
00:27:28,000 --> 00:27:30,040
Speaker 1: as well while you did that campaign? Yeah, so I

631
00:27:30,040 --> 00:27:32,840
Speaker 1: think I made about two hundred and seventy five dollars

632
00:27:32,960 --> 00:27:35,080
Speaker 1: something like that over over a few months, maybe it

633
00:27:35,119 --> 00:27:37,560
Speaker 1: was a touch more. It's it's been a minute, but yeah,

634
00:27:37,560 --> 00:27:40,320
Speaker 1: I made a decent amount of money. The thing is, Brevard,

635
00:27:40,400 --> 00:27:42,760
Speaker 1: I don't drive very much, and because I don't drive

636
00:27:42,760 --> 00:27:44,800
Speaker 1: a whole lot, that was the reason that my earnings

637
00:27:44,800 --> 00:27:46,879
Speaker 1: were kind of low. If you were someone who drives

638
00:27:46,960 --> 00:27:49,320
Speaker 1: quite a bit in the zones that they pay the

639
00:27:49,359 --> 00:27:52,400
Speaker 1: highest amount in, if you're commuting to and from work

640
00:27:52,440 --> 00:27:55,000
Speaker 1: in a major metropolitan area, that's how you're going to

641
00:27:55,119 --> 00:27:57,560
Speaker 1: make the most money with one of these companies. If

642
00:27:57,600 --> 00:27:59,600
Speaker 1: you're kind of driving out in the boonies and you're

643
00:27:59,640 --> 00:28:01,800
Speaker 1: not drive very much, you're not gonna make nearly as

644
00:28:01,880 --> 00:28:04,199
Speaker 1: much money. And you probably won't even qualify for some

645
00:28:04,240 --> 00:28:07,320
Speaker 1: of these campaigns either. And those companies were rapidfy and

646
00:28:07,560 --> 00:28:10,880
Speaker 1: Carver Ties will link to those in their show notes. Uh.

647
00:28:10,920 --> 00:28:13,280
Speaker 1: Those are the two net big national players. There also

648
00:28:13,359 --> 00:28:16,000
Speaker 1: might be some smaller local companies as well. Don't be

649
00:28:16,040 --> 00:28:19,040
Speaker 1: afraid to maybe check them out. But however, things that

650
00:28:19,040 --> 00:28:20,879
Speaker 1: you want to look out for is you never are

651
00:28:20,880 --> 00:28:23,280
Speaker 1: going to pay money upfront, you know, if there's fees

652
00:28:23,359 --> 00:28:25,800
Speaker 1: to apply to be a driver, things like that, and

653
00:28:25,800 --> 00:28:28,240
Speaker 1: if they ask you to wire funds to say a

654
00:28:28,280 --> 00:28:30,520
Speaker 1: company that is going to wrap your car for you

655
00:28:30,800 --> 00:28:34,080
Speaker 1: something like that. That's that's got scam written all over it.

656
00:28:34,520 --> 00:28:36,960
Speaker 1: You definitely want to avoid those. And if you're receiving

657
00:28:37,000 --> 00:28:40,200
Speaker 1: any sort of unsolicited emails or text kind of out

658
00:28:40,200 --> 00:28:42,600
Speaker 1: of the blue saying, hey, we want you to drive

659
00:28:42,640 --> 00:28:45,080
Speaker 1: for us, We're gonna wrap your car, that's another red

660
00:28:45,080 --> 00:28:47,400
Speaker 1: flag to where someone might be trying to scam you.

661
00:28:47,840 --> 00:28:50,280
Speaker 1: All right, and brief art in regards to your second question,

662
00:28:50,360 --> 00:28:53,200
Speaker 1: how to get into tech. Turning your hobby into a

663
00:28:53,200 --> 00:28:56,160
Speaker 1: way to make money is is definitely something that that

664
00:28:56,240 --> 00:28:58,600
Speaker 1: Matt and I are in favor of. This podcast is

665
00:28:58,680 --> 00:29:00,800
Speaker 1: essentially that it is the fact that we like to

666
00:29:00,840 --> 00:29:03,840
Speaker 1: drink beer and talk about money, total hobby. Yeah, and

667
00:29:03,880 --> 00:29:06,000
Speaker 1: now it's kind of turned into something just a little

668
00:29:06,000 --> 00:29:08,440
Speaker 1: bit bigger. So yeah, we're totally up for that, and

669
00:29:08,720 --> 00:29:10,720
Speaker 1: we recommend that you go back and listen to our

670
00:29:10,720 --> 00:29:13,520
Speaker 1: Side Hustles episode. It's not always easy. It takes a

671
00:29:13,520 --> 00:29:16,080
Speaker 1: lot of time, it takes a lot of intentionality. And

672
00:29:16,120 --> 00:29:18,000
Speaker 1: the fact that you said you were kind of obsessed

673
00:29:18,040 --> 00:29:20,680
Speaker 1: with tech, I think that is a really good sign.

674
00:29:20,840 --> 00:29:23,360
Speaker 1: I think you have to like it enough almost to

675
00:29:23,400 --> 00:29:25,800
Speaker 1: an unhealthy point, right Yeah, you have to be that

676
00:29:25,880 --> 00:29:28,280
Speaker 1: into it to the extent that you would be willing

677
00:29:28,360 --> 00:29:31,600
Speaker 1: to continue to to create the content just because you

678
00:29:31,640 --> 00:29:35,160
Speaker 1: love it even though maybe nobody's watching or listening, because

679
00:29:35,200 --> 00:29:37,920
Speaker 1: that could be the case for we're referring to, yeah,

680
00:29:37,920 --> 00:29:40,440
Speaker 1: that that maybe happened at the beginning, nobody's listening, and

681
00:29:40,560 --> 00:29:42,520
Speaker 1: you know what, we like doing it, and we liked

682
00:29:42,600 --> 00:29:45,800
Speaker 1: creating the content, and so obviously we wanted more people

683
00:29:45,840 --> 00:29:48,480
Speaker 1: to listen. But the fact that we enjoyed it so

684
00:29:48,560 --> 00:29:50,760
Speaker 1: much was what made us stick with it. And that's

685
00:29:50,800 --> 00:29:53,040
Speaker 1: the only thing that's going to keep you doing it

686
00:29:53,480 --> 00:29:55,920
Speaker 1: even when you feel like it's not having the effect

687
00:29:55,920 --> 00:29:58,680
Speaker 1: that you wanted to have. And Brevard, you also mentioned

688
00:29:58,720 --> 00:30:01,880
Speaker 1: the Montgomery g I Bill. That is a fantastic benefit

689
00:30:01,880 --> 00:30:04,120
Speaker 1: and resource that you have that would allow you to

690
00:30:04,120 --> 00:30:07,200
Speaker 1: go back and do some education, some higher learning in

691
00:30:07,320 --> 00:30:11,760
Speaker 1: whatever field that you want. You mentioned VR artificial intelligence. However,

692
00:30:11,840 --> 00:30:13,600
Speaker 1: it sounds like you're really into just kind of getting

693
00:30:13,600 --> 00:30:16,120
Speaker 1: out there, and so I think it's definitely worth looking

694
00:30:16,200 --> 00:30:19,200
Speaker 1: at opportunities that you might have that don't involve actually

695
00:30:19,200 --> 00:30:22,200
Speaker 1: going to school, Opportunities that allow you to get hands

696
00:30:22,240 --> 00:30:24,280
Speaker 1: on where you're doing the work that you could be

697
00:30:24,320 --> 00:30:27,320
Speaker 1: doing within a few months, were you to really work hard,

698
00:30:27,320 --> 00:30:30,840
Speaker 1: show up, take charge, take responsibility for things. This would

699
00:30:30,880 --> 00:30:33,640
Speaker 1: be sort of a more nontraditional approach towards whatever field

700
00:30:33,640 --> 00:30:35,520
Speaker 1: that you're looking at getting instead of you know, going

701
00:30:35,560 --> 00:30:38,880
Speaker 1: to school and studying and taking the tests. Taking advantage

702
00:30:38,920 --> 00:30:41,080
Speaker 1: of the Montgomery g I bill. Again, that's something that

703
00:30:41,120 --> 00:30:43,120
Speaker 1: you have, but you don't necessarily have to. If there's

704
00:30:43,120 --> 00:30:45,680
Speaker 1: a way that you can network, start getting involved in

705
00:30:45,720 --> 00:30:47,840
Speaker 1: companies who you know that you would love to work for.

706
00:30:47,920 --> 00:30:50,920
Speaker 1: I think that could be an awesome nontraditional way to

707
00:30:50,960 --> 00:30:53,240
Speaker 1: get your foot in the door within a specific industry.

708
00:30:53,520 --> 00:30:55,840
Speaker 1: All Matt, one more question to around this thing out

709
00:30:55,880 --> 00:30:59,240
Speaker 1: here goes. Hey guys, it's Shape from Salt Lake City.

710
00:30:59,480 --> 00:31:01,920
Speaker 1: Thank you so much for taking my question on your show.

711
00:31:02,560 --> 00:31:06,160
Speaker 1: I manage a Utah based band called Breezeway, soon to

712
00:31:06,160 --> 00:31:10,160
Speaker 1: be changing their name to mother Bus, and this September,

713
00:31:10,320 --> 00:31:12,200
Speaker 1: the three of us and our two dogs are going

714
00:31:12,240 --> 00:31:16,080
Speaker 1: to be hitting the road and touring indefinitely. We have

715
00:31:16,200 --> 00:31:18,720
Speaker 1: a good chunk of money saved to cover all of

716
00:31:18,720 --> 00:31:24,360
Speaker 1: our living expenses including housing, food, transportation, etcetera. At least

717
00:31:24,400 --> 00:31:27,960
Speaker 1: two months however, we would like to stretch that out

718
00:31:28,040 --> 00:31:30,400
Speaker 1: as much as we can to avoid needing to get

719
00:31:30,400 --> 00:31:33,520
Speaker 1: traditional jobs that may inhibit our ability to tour freely

720
00:31:34,000 --> 00:31:38,520
Speaker 1: while on the road. We will be occasionally staying in motels,

721
00:31:38,560 --> 00:31:39,960
Speaker 1: but for the most part, we're going to try to

722
00:31:40,000 --> 00:31:42,520
Speaker 1: camp wherever we can in order to save a little money.

723
00:31:42,800 --> 00:31:45,240
Speaker 1: We're also going to be making some money playing those

724
00:31:45,240 --> 00:31:48,280
Speaker 1: shows and selling merchandise, but we can't really count on

725
00:31:48,360 --> 00:31:52,040
Speaker 1: that alone to sustain ourselves, at least in the beginning

726
00:31:52,080 --> 00:31:55,240
Speaker 1: while we're getting established. So my question for you guys

727
00:31:55,280 --> 00:31:58,760
Speaker 1: is how can we make our savings last as long

728
00:31:58,800 --> 00:32:02,200
Speaker 1: as possible, How can we be frugal while living on

729
00:32:02,240 --> 00:32:04,960
Speaker 1: the road full time, and what can we do to

730
00:32:05,000 --> 00:32:08,840
Speaker 1: help our current saving and prepare ourselves. Thanks again, guys,

731
00:32:08,880 --> 00:32:11,600
Speaker 1: I love your show. It's been extremely helpful to my

732
00:32:11,640 --> 00:32:13,680
Speaker 1: band and I this far, and I'm excited to hear

733
00:32:13,720 --> 00:32:16,160
Speaker 1: what advice you guys have for us. This is a

734
00:32:16,240 --> 00:32:19,080
Speaker 1: super fun question, Matt, not the normal typical kind of

735
00:32:19,080 --> 00:32:22,240
Speaker 1: personal finance questions. So I've been on a high note exactly,

736
00:32:22,280 --> 00:32:24,720
Speaker 1: and on a high fun note. I always love a

737
00:32:24,760 --> 00:32:27,200
Speaker 1: good road trip. This is the kind of experience I

738
00:32:27,280 --> 00:32:30,040
Speaker 1: think shay that you and your bandmates are. The band

739
00:32:30,040 --> 00:32:32,760
Speaker 1: that you're managing will remember for forever. It's going to

740
00:32:32,840 --> 00:32:35,000
Speaker 1: be really awesome. But you want to make sure that

741
00:32:35,040 --> 00:32:36,920
Speaker 1: you have enough money to kind of last you through

742
00:32:36,960 --> 00:32:38,640
Speaker 1: the whole thing, that's for sure. So this is a

743
00:32:38,640 --> 00:32:41,440
Speaker 1: great question, and Matt reached out to some of our

744
00:32:41,480 --> 00:32:43,400
Speaker 1: friends who are musicians, and we'll get to some of

745
00:32:43,440 --> 00:32:45,000
Speaker 1: those answers in a minute. I'll give you a couple

746
00:32:45,000 --> 00:32:47,120
Speaker 1: of things that I thought about as I was thinking

747
00:32:47,120 --> 00:32:49,840
Speaker 1: through your question. First, good job saving ahead. A lot

748
00:32:49,880 --> 00:32:53,000
Speaker 1: of people have almost nothing to to live on when

749
00:32:53,080 --> 00:32:55,080
Speaker 1: they hit the road like this, so good job planning.

750
00:32:55,480 --> 00:32:58,200
Speaker 1: Maybe try to consider selling a few more things before

751
00:32:58,240 --> 00:33:00,400
Speaker 1: you hit the road to to build up your savings

752
00:33:00,440 --> 00:33:03,920
Speaker 1: even more. What you can do now before you actually

753
00:33:04,240 --> 00:33:06,360
Speaker 1: step foot in the van with the gear and all

754
00:33:06,400 --> 00:33:08,680
Speaker 1: that stuff is going to make more of an impact.

755
00:33:08,680 --> 00:33:10,440
Speaker 1: It's gonna be harder to make money on the road

756
00:33:10,480 --> 00:33:13,160
Speaker 1: and harder to figure out ways to kind of earn more.

757
00:33:13,400 --> 00:33:16,080
Speaker 1: So any money that you can save right now is

758
00:33:16,080 --> 00:33:18,960
Speaker 1: going to be even more valuable when you hit the road. Camping,

759
00:33:19,040 --> 00:33:20,880
Speaker 1: like you mentioned, is a great way to save money.

760
00:33:21,080 --> 00:33:23,680
Speaker 1: Consider a site like CouchSurfing dot com. I used that

761
00:33:23,760 --> 00:33:26,160
Speaker 1: back in the day and it worked really well to

762
00:33:26,240 --> 00:33:28,640
Speaker 1: find really nice people that you could stay on their couch.

763
00:33:28,760 --> 00:33:31,640
Speaker 1: So if you get tired of just doing the camping

764
00:33:31,680 --> 00:33:34,440
Speaker 1: thing or it's incredibly cold out or something like that,

765
00:33:34,640 --> 00:33:36,280
Speaker 1: you know, you're you and your bandmates might be able

766
00:33:36,320 --> 00:33:38,480
Speaker 1: to find some folks to stay with for free on

767
00:33:38,520 --> 00:33:41,160
Speaker 1: a site like couch surfing dot com. And something that

768
00:33:41,200 --> 00:33:44,000
Speaker 1: we learned in a recent episode, Matt was that you

769
00:33:44,000 --> 00:33:46,400
Speaker 1: could get like a gym membership and then you could

770
00:33:46,400 --> 00:33:49,080
Speaker 1: shower for free. Chris and Christie from Life Opted Out

771
00:33:49,120 --> 00:33:51,440
Speaker 1: mentioned that I never even thought about that, but that's

772
00:33:51,440 --> 00:33:54,160
Speaker 1: a brilliant thing to get a gym membership, like a

773
00:33:54,280 --> 00:33:57,200
Speaker 1: nationwide sort of gym, So when you're traveling around, that's

774
00:33:57,200 --> 00:33:58,800
Speaker 1: a great place to kind of get a shower or

775
00:33:58,840 --> 00:34:00,920
Speaker 1: something like that. So, yeah, those are kind of my

776
00:34:01,000 --> 00:34:03,480
Speaker 1: initial thoughts. And Matt, you've got the pro answers here.

777
00:34:03,760 --> 00:34:05,680
Speaker 1: You can get your shower on and your workout on

778
00:34:06,160 --> 00:34:09,279
Speaker 1: or yoga pilates, whatever you're into. Well, I like the

779
00:34:09,360 --> 00:34:12,000
Speaker 1: rowing machine, that's my favorite. It's such a good one

780
00:34:12,040 --> 00:34:14,359
Speaker 1: and in a good well rounded workout. But yeah, Joel,

781
00:34:14,360 --> 00:34:16,560
Speaker 1: since you and I don't have personal experience when it

782
00:34:16,560 --> 00:34:19,040
Speaker 1: comes to life on the road and touring. Yeah, we

783
00:34:19,080 --> 00:34:21,600
Speaker 1: reached out to some friends of ours and collectively they

784
00:34:21,600 --> 00:34:24,480
Speaker 1: have like close to fifteen, maybe even twenty years of

785
00:34:24,640 --> 00:34:26,520
Speaker 1: experience on the road, which is we reached out to

786
00:34:26,560 --> 00:34:28,960
Speaker 1: our friend Bruce Springsteen, right, Who's who's who has a

787
00:34:28,960 --> 00:34:30,960
Speaker 1: lot to say about this? He's really yeah, him or

788
00:34:31,040 --> 00:34:35,400
Speaker 1: or your favorite Edwin McCain. So that's so messed up.

789
00:34:36,280 --> 00:34:38,439
Speaker 1: So I tipped that our friend Jeremy missioned. He said

790
00:34:38,480 --> 00:34:41,080
Speaker 1: to consider smaller and fuel efficient vehicles. You might be

791
00:34:41,160 --> 00:34:43,839
Speaker 1: tempted to get something larger, uh not quite maybe tour

792
00:34:43,920 --> 00:34:46,560
Speaker 1: bus level, but maybe even a fifteen passenger van. If

793
00:34:46,560 --> 00:34:48,640
Speaker 1: you're considering that, hey we could even sleep in this thing.

794
00:34:48,960 --> 00:34:51,560
Speaker 1: But those things are going to be expensive and you're

795
00:34:51,560 --> 00:34:53,040
Speaker 1: not gonna get as good of gas milage in this.

796
00:34:53,160 --> 00:34:55,000
Speaker 1: We kind of shot down gas milage on one of

797
00:34:55,040 --> 00:34:57,520
Speaker 1: the previous questions here. But when you're considering that you're

798
00:34:57,520 --> 00:34:59,440
Speaker 1: actually gonna be driving almost every single day, and you're

799
00:34:59,480 --> 00:35:02,680
Speaker 1: driving across the country, gas like transportation costs, they're gonna

800
00:35:02,719 --> 00:35:05,640
Speaker 1: be probably one of your biggest expenses. To make sure

801
00:35:05,640 --> 00:35:08,480
Speaker 1: you're considering, you know, maybe a smaller vehicle. But do

802
00:35:08,560 --> 00:35:11,160
Speaker 1: take into account the personalities of your bandmates as well.

803
00:35:11,280 --> 00:35:12,759
Speaker 1: You know you're gonna be in the car, you're gonna

804
00:35:12,760 --> 00:35:15,000
Speaker 1: be around each other a lot, and you don't want

805
00:35:15,000 --> 00:35:17,440
Speaker 1: to be two up in each other's faces. So and

806
00:35:17,480 --> 00:35:20,000
Speaker 1: also likely the largest expense that you're gonna have while

807
00:35:20,000 --> 00:35:22,480
Speaker 1: you're on the road is housing in a way that

808
00:35:22,520 --> 00:35:24,680
Speaker 1: you can keep cost down when it comes to housing,

809
00:35:24,680 --> 00:35:27,640
Speaker 1: like you mentioned camping, you mentioned you know, the occasional hotel,

810
00:35:27,680 --> 00:35:29,560
Speaker 1: but find ways to connect with fans ahead of time

811
00:35:29,600 --> 00:35:31,319
Speaker 1: before you arrive in a city. You can either use

812
00:35:31,320 --> 00:35:33,880
Speaker 1: Snapchat or Instagram. I'm sure you guys have those set up.

813
00:35:34,080 --> 00:35:35,759
Speaker 1: But reach out to fans. Let them know that you're

814
00:35:35,800 --> 00:35:37,399
Speaker 1: on the way, because chances are if you have fans,

815
00:35:37,400 --> 00:35:39,400
Speaker 1: they're gonna come see you. They're gonna pay money to

816
00:35:39,440 --> 00:35:41,600
Speaker 1: see you perform, they're gonna be super stoked to have

817
00:35:41,680 --> 00:35:43,560
Speaker 1: you crash on their couch, or they're gonna be looking

818
00:35:43,560 --> 00:35:45,359
Speaker 1: for ways to to set you up for some place

819
00:35:45,360 --> 00:35:48,359
Speaker 1: to stay. Yeah, post something on Instagram say Milwaukee, we're

820
00:35:48,400 --> 00:35:52,000
Speaker 1: coming tonight. Whoever has the most enthusiastic response, maybe see

821
00:35:52,000 --> 00:35:53,680
Speaker 1: if they've got a couch for you stay on, or

822
00:35:53,719 --> 00:35:57,520
Speaker 1: that might be the most dangerous person to consider staying with. Obviously,

823
00:35:57,560 --> 00:36:00,200
Speaker 1: be smart, but seriously, you've got fans out there. They're

824
00:36:00,200 --> 00:36:02,040
Speaker 1: gonna want to hang out with you, So why not

825
00:36:02,120 --> 00:36:03,960
Speaker 1: make some lifelong friends while at the same time being

826
00:36:03,960 --> 00:36:06,640
Speaker 1: able to save some money. Alright, one last thing, Matt

827
00:36:06,680 --> 00:36:09,640
Speaker 1: on the food front, I think bringing a camping stove

828
00:36:09,719 --> 00:36:12,239
Speaker 1: can be a big win and then having some some

829
00:36:12,280 --> 00:36:15,520
Speaker 1: grocery staples that you are able to to cook often

830
00:36:15,640 --> 00:36:17,960
Speaker 1: on there. So I remember when I was driving around

831
00:36:18,000 --> 00:36:20,239
Speaker 1: the country with my buddy Travis back in the day.

832
00:36:20,480 --> 00:36:22,600
Speaker 1: We we had a camping stove and we had this

833
00:36:22,920 --> 00:36:26,120
Speaker 1: enormous Costco size bag of rice. We'd get beans, we'd

834
00:36:26,120 --> 00:36:29,319
Speaker 1: get canned goods, and we would stop off at a

835
00:36:29,360 --> 00:36:31,200
Speaker 1: campsite or on the side of the road and we

836
00:36:31,320 --> 00:36:33,560
Speaker 1: cook our dinner on the stove. And so that can

837
00:36:33,560 --> 00:36:35,680
Speaker 1: be a really good way to eat a little bit

838
00:36:35,680 --> 00:36:38,040
Speaker 1: healthier and to to cut down on your food costs.

839
00:36:38,040 --> 00:36:39,800
Speaker 1: At the same time, our friend Jeremy, he said he

840
00:36:39,880 --> 00:36:42,320
Speaker 1: used to pack an ice chest for veggies and quick snacks.

841
00:36:42,520 --> 00:36:44,800
Speaker 1: You know, you gotta have some veggies, stay healthy and regular.

842
00:36:45,000 --> 00:36:46,839
Speaker 1: That's what I hear, I don't know if I buy it,

843
00:36:46,880 --> 00:36:48,920
Speaker 1: but here and he says, though, there's gonna be times

844
00:36:48,960 --> 00:36:51,279
Speaker 1: we're gonna want those late night dries, and sometimes you're

845
00:36:51,280 --> 00:36:54,040
Speaker 1: gonna need some fast food like Taco Bell, but just

846
00:36:54,239 --> 00:36:55,680
Speaker 1: order off the wind dollar menu. You can get one

847
00:36:55,680 --> 00:36:57,960
Speaker 1: of those Being burritos for a buck and hopefully that

848
00:36:57,960 --> 00:36:59,640
Speaker 1: will hold you over until the next day where you

849
00:36:59,640 --> 00:37:02,640
Speaker 1: can score some free food, maybe in a green room

850
00:37:02,719 --> 00:37:05,279
Speaker 1: and an awesome venue that you're playing in. And so

851
00:37:05,480 --> 00:37:07,799
Speaker 1: our friend Josh would take full advantage of any sort

852
00:37:07,840 --> 00:37:10,880
Speaker 1: of hospitality, snacks, drinks, anything that they could find in

853
00:37:10,920 --> 00:37:13,600
Speaker 1: any green room. The blue Wominem's only yeah, yeah, they were.

854
00:37:13,600 --> 00:37:15,440
Speaker 1: They were taking every single one of those eminem's and

855
00:37:15,680 --> 00:37:18,480
Speaker 1: pocketing them. But that was their mentality. It was there

856
00:37:18,480 --> 00:37:20,320
Speaker 1: for them, and they're using those goodies to to be

857
00:37:20,360 --> 00:37:22,440
Speaker 1: able to keep themselves alive and save a buck. All right,

858
00:37:22,560 --> 00:37:25,520
Speaker 1: being Burrito in a small vehicle. How does that work

859
00:37:25,520 --> 00:37:28,560
Speaker 1: out with the band? Huh, someone's gonna be upset after that, right,

860
00:37:29,160 --> 00:37:32,120
Speaker 1: But what if everybody gets being burritos? Oh man, it's

861
00:37:32,120 --> 00:37:34,920
Speaker 1: a recipe for disaster. And the one final tip that

862
00:37:35,000 --> 00:37:37,200
Speaker 1: Josh mentioned that I love too was that he was

863
00:37:37,239 --> 00:37:40,520
Speaker 1: into bringing his own ground coffee along with a coffee

864
00:37:40,600 --> 00:37:43,040
Speaker 1: mug that has a French press built into it, and

865
00:37:43,080 --> 00:37:45,960
Speaker 1: so on those long drives, instead of buying the crappy

866
00:37:45,960 --> 00:37:48,320
Speaker 1: gas station coffee, he would just use the hot water

867
00:37:48,600 --> 00:37:50,759
Speaker 1: from the sort of hot water filled station right there

868
00:37:50,800 --> 00:37:53,080
Speaker 1: next to the coffee. And then he's got his delicious,

869
00:37:53,239 --> 00:37:55,560
Speaker 1: really nice coffee that he brought from home from Atlanta

870
00:37:55,600 --> 00:37:57,359
Speaker 1: while he was out on the road. And you gotta

871
00:37:57,400 --> 00:37:59,960
Speaker 1: let us know when Breezeway slash Motherbus, you know whatever

872
00:38:00,000 --> 00:38:01,680
Speaker 1: the name is at that point in time comes to Atlanta,

873
00:38:01,680 --> 00:38:03,279
Speaker 1: we'd love to hit up a show. I can totally

874
00:38:03,280 --> 00:38:05,840
Speaker 1: see them playing at the Earl. Yeah, no doubt, no doubt.

875
00:38:06,120 --> 00:38:08,439
Speaker 1: So Matt will put a link to our friends who

876
00:38:08,520 --> 00:38:11,080
Speaker 1: kind of helped with the responses for this question, will

877
00:38:11,120 --> 00:38:12,640
Speaker 1: put a link to their music in the show notes,

878
00:38:12,680 --> 00:38:15,400
Speaker 1: and we'll put a link to two Breezeways music in

879
00:38:15,440 --> 00:38:16,839
Speaker 1: the show notes as well, so you can check out

880
00:38:16,840 --> 00:38:19,000
Speaker 1: three new bands this week. So, Joel, this is our

881
00:38:19,040 --> 00:38:22,240
Speaker 1: first Listener Questions episode, and I gotta say I'm already

882
00:38:22,239 --> 00:38:24,920
Speaker 1: a huge fan. We haven't even heard from our listeners

883
00:38:24,960 --> 00:38:26,640
Speaker 1: as to whether or not they like it. Hopefully they do,

884
00:38:26,719 --> 00:38:28,440
Speaker 1: but I like it a lot. It's just such a

885
00:38:28,520 --> 00:38:32,120
Speaker 1: good tangible way to connect with listeners, super practical. We're

886
00:38:32,160 --> 00:38:34,719
Speaker 1: answering real life questions at the same time kind of

887
00:38:34,719 --> 00:38:39,120
Speaker 1: giving our listeners at large some interesting things to consider. Yeah,

888
00:38:39,120 --> 00:38:41,160
Speaker 1: that was super fun. I'm totally up for many, many

889
00:38:41,160 --> 00:38:43,680
Speaker 1: more of those. And I really like to hearing our

890
00:38:43,719 --> 00:38:46,640
Speaker 1: listeners voices, like there's something. Yeah, we we hear from

891
00:38:46,680 --> 00:38:49,600
Speaker 1: them on Instagram, Facebook, group emails, but it's kind of

892
00:38:49,640 --> 00:38:51,799
Speaker 1: really cool to actually hear their voices when they send

893
00:38:51,840 --> 00:38:53,480
Speaker 1: something again, so that's kind of a side perk of it.

894
00:38:53,520 --> 00:38:56,600
Speaker 1: So yeah, look out for listener question episodes. We will

895
00:38:56,640 --> 00:39:00,839
Speaker 1: be featuring your questions every other week here on the podcast. Yeah,

896
00:39:00,840 --> 00:39:02,839
Speaker 1: and if you have a question for us again, make

897
00:39:02,840 --> 00:39:05,600
Speaker 1: sure to check out how to money dot com slash

898
00:39:05,760 --> 00:39:08,759
Speaker 1: ask On there, we'll have the instructions on exactly what

899
00:39:08,800 --> 00:39:10,719
Speaker 1: you need to do to send us your question, and

900
00:39:10,719 --> 00:39:12,719
Speaker 1: hopefully we'll have that here on the show very soon.

901
00:39:13,000 --> 00:39:14,960
Speaker 1: All buddy, let's get back to this beer. We're drinking

902
00:39:15,000 --> 00:39:18,480
Speaker 1: our first Canadian brew from listener David in Keswick, Ontario.

903
00:39:18,800 --> 00:39:21,759
Speaker 1: This is the Forgotten Lake Blueberry Ale. Well, your thoughts

904
00:39:21,800 --> 00:39:25,600
Speaker 1: on this one. David from Keswick Uh, I like this beer, man.

905
00:39:25,719 --> 00:39:28,000
Speaker 1: This It reminded me a lot of maybe some more

906
00:39:28,000 --> 00:39:30,040
Speaker 1: of the Belgian style beers we have. It almost has

907
00:39:30,239 --> 00:39:32,960
Speaker 1: a bready, kind of baked bread sort of flavor to it,

908
00:39:33,120 --> 00:39:34,600
Speaker 1: and that makes with the blueberries, it kind of makes

909
00:39:34,640 --> 00:39:36,480
Speaker 1: me think of maybe like blueberry muffins a little bit

910
00:39:37,120 --> 00:39:39,640
Speaker 1: like that. Yeah, good call. Plus the cans blue as well,

911
00:39:39,719 --> 00:39:42,839
Speaker 1: so it all just kind of resonates blueberry pound cake

912
00:39:43,040 --> 00:39:45,880
Speaker 1: flavor to me. I think you're spot on with your

913
00:39:45,920 --> 00:39:48,720
Speaker 1: assessment of that beer. And you know what, it's actually

914
00:39:48,760 --> 00:39:50,200
Speaker 1: kind of nice every once in a while to drink

915
00:39:50,200 --> 00:39:52,359
Speaker 1: a beer that has lots of fruit in it, but

916
00:39:52,440 --> 00:39:55,359
Speaker 1: that isn't sour. I really like sour beers. You really

917
00:39:55,360 --> 00:39:57,680
Speaker 1: like sour beers. But it's really nice, like to get

918
00:39:57,760 --> 00:40:01,759
Speaker 1: the blueberry flavor in the a strong ale with blueberries.

919
00:40:02,080 --> 00:40:04,600
Speaker 1: It does kind of present something totally different to your

920
00:40:04,640 --> 00:40:06,600
Speaker 1: palette and it does kind of have that kind of

921
00:40:06,600 --> 00:40:09,000
Speaker 1: blueberry pound cake kind of thing going on. I had

922
00:40:09,040 --> 00:40:11,440
Speaker 1: not thought of that, but you have a more specialized

923
00:40:11,480 --> 00:40:13,759
Speaker 1: tongue than I do, so yeah, good job on that one.

924
00:40:13,960 --> 00:40:16,240
Speaker 1: And this was really good. Thank you, David for sending

925
00:40:16,239 --> 00:40:18,680
Speaker 1: this our way. Yeah, thanks again, David, And as long

926
00:40:18,719 --> 00:40:20,080
Speaker 1: as you can find our show notes up at our

927
00:40:20,080 --> 00:40:22,200
Speaker 1: website at how It's a money dot com. But again,

928
00:40:22,200 --> 00:40:23,799
Speaker 1: more than anything, we want to hear from you, so

929
00:40:23,920 --> 00:40:26,400
Speaker 1: go to forward slash ask and send us your question.

930
00:40:26,640 --> 00:40:28,040
Speaker 1: And if you want to leave a review that'd be

931
00:40:28,040 --> 00:40:31,040
Speaker 1: awesome too. Feel free to leave one on Apple Podcasts.

932
00:40:31,280 --> 00:40:34,480
Speaker 1: It helps new listeners find out about the show. Alright, Joel,

933
00:40:34,560 --> 00:40:37,799
Speaker 1: So until next time, Best Friends Out, Best Friends Out,