1 00:00:00,160 --> 00:00:03,519 Speaker 1: Welcome to How to Money. I'm Joel and I am Matt, 2 00:00:03,600 --> 00:00:07,080 Speaker 1: and today we're talking flight booking, sweet spots, worthless work, 3 00:00:07,320 --> 00:00:29,600 Speaker 1: and one percent down mortgages. That's right, buddy. 4 00:00:29,600 --> 00:00:31,480 Speaker 2: Those are just a few of the stories that we're 5 00:00:31,480 --> 00:00:34,199 Speaker 2: gonna get to this week. We've got several others, the 6 00:00:34,320 --> 00:00:37,800 Speaker 2: personal finance stories that we think are most important. But 7 00:00:37,840 --> 00:00:40,360 Speaker 2: before we get to those, we it's actually time, little 8 00:00:40,400 --> 00:00:43,000 Speaker 2: drum roll, it's time now to announce the How to 9 00:00:43,080 --> 00:00:44,680 Speaker 2: Money sock winners. 10 00:00:44,720 --> 00:00:47,320 Speaker 1: I misplaced my sound effect machine. I was gonna use 11 00:00:47,320 --> 00:00:47,640 Speaker 1: it there. 12 00:00:47,680 --> 00:00:50,000 Speaker 2: We've never done a soufboard and I don't think we're 13 00:00:50,000 --> 00:00:53,920 Speaker 2: going to. But so we announced this at the beginning 14 00:00:53,960 --> 00:00:56,920 Speaker 2: of the week on Monday's episode. But anybody who has 15 00:00:57,000 --> 00:00:59,720 Speaker 2: left us review, all you had to do was email 16 00:00:59,840 --> 00:01:02,320 Speaker 2: us at how to Money pot at Gmail a screenshot 17 00:01:02,360 --> 00:01:04,560 Speaker 2: of your review. Whether or not that was something you 18 00:01:04,720 --> 00:01:07,080 Speaker 2: just did or whether it's something you've done previously, we 19 00:01:07,120 --> 00:01:11,120 Speaker 2: don't discriminate, And we entered the emails into the randomizer 20 00:01:11,240 --> 00:01:14,880 Speaker 2: on the internets, and here are our five winners, Susan T, 21 00:01:15,640 --> 00:01:21,520 Speaker 2: Michelle G, Jason Q, Derek VS, and James G. 22 00:01:21,840 --> 00:01:22,240 Speaker 1: There you go. 23 00:01:22,920 --> 00:01:27,160 Speaker 2: We've got a double middle or last name on Derek. 24 00:01:27,520 --> 00:01:30,200 Speaker 2: But you five sock winners, we will be reaching out 25 00:01:30,240 --> 00:01:32,399 Speaker 2: to you in order to get your mailing address and 26 00:01:32,440 --> 00:01:35,399 Speaker 2: you can expect a pair of beautiful. 27 00:01:34,959 --> 00:01:38,440 Speaker 1: Freshest socks in the Personal Finance podcast space. That's true, 28 00:01:38,480 --> 00:01:40,120 Speaker 1: all right, Matte. One quick thing I want to mention 29 00:01:40,160 --> 00:01:42,120 Speaker 1: before we get to all our stories, listener. Tyler he 30 00:01:42,200 --> 00:01:45,399 Speaker 1: emailed us this week and he basically said, hey, guess 31 00:01:45,400 --> 00:01:48,840 Speaker 1: what I'm with T Mobile and T Mobiles told me 32 00:01:49,200 --> 00:01:51,640 Speaker 1: that I'm going to have to start paying extra if 33 00:01:51,680 --> 00:01:53,640 Speaker 1: i want to pay with a credit card. Right, and 34 00:01:54,160 --> 00:01:54,640 Speaker 1: even some. 35 00:01:54,600 --> 00:01:56,560 Speaker 2: Of the big players are trying to absorb some of 36 00:01:56,600 --> 00:01:58,520 Speaker 2: those credit card fees that those costs. 37 00:01:58,560 --> 00:01:59,840 Speaker 1: And one of the stories that we're not talking about 38 00:01:59,840 --> 00:02:02,000 Speaker 1: today is a VC in MasterCard increased fees this week 39 00:02:02,000 --> 00:02:03,800 Speaker 1: because they're du aful and that's what they do. Maybe'll 40 00:02:03,800 --> 00:02:06,880 Speaker 1: talk well in next week. Right, But Tyler said, you 41 00:02:06,880 --> 00:02:08,640 Speaker 1: know what, I think there's a let me see if 42 00:02:08,639 --> 00:02:10,079 Speaker 1: I can find a work around, and he found one 43 00:02:10,120 --> 00:02:12,280 Speaker 1: on the internets, because there always is one if you 44 00:02:12,360 --> 00:02:15,600 Speaker 1: have that payment auto scheduled on something else it's not 45 00:02:15,639 --> 00:02:17,440 Speaker 1: a credit card, But then you go in there and 46 00:02:17,440 --> 00:02:19,760 Speaker 1: you mainly manually pay it with a credit card every month. 47 00:02:20,040 --> 00:02:23,880 Speaker 1: You still get that autopay discount, so and and you 48 00:02:23,880 --> 00:02:26,960 Speaker 1: get the rewards and the insurance protection of paying with 49 00:02:27,000 --> 00:02:28,560 Speaker 1: the credit card at the same time. So he saved 50 00:02:28,600 --> 00:02:30,480 Speaker 1: himself forty bucks a month. If it's a card that 51 00:02:30,520 --> 00:02:33,359 Speaker 1: offers a credit cell phone, which which is he's using 52 00:02:33,360 --> 00:02:36,119 Speaker 1: the Capital Adventure AX, he said, So it's. 53 00:02:36,040 --> 00:02:38,480 Speaker 2: Yeah, and this has actually been confirmed by T mobile 54 00:02:38,680 --> 00:02:40,640 Speaker 2: as well. Like it seems like for whatever reason, this 55 00:02:40,680 --> 00:02:42,639 Speaker 2: is something that is totally legit. But as long as 56 00:02:42,680 --> 00:02:45,720 Speaker 2: your account, your Tea Mobile is account account is linked 57 00:02:45,960 --> 00:02:48,680 Speaker 2: to say checking account or a debit card. 58 00:02:49,200 --> 00:02:50,520 Speaker 1: But yeah, you just. 59 00:02:50,440 --> 00:02:53,160 Speaker 2: Pay it before it auto pays via that linked method. 60 00:02:53,360 --> 00:02:55,000 Speaker 2: Go ahead and pay it with your credit card. You 61 00:02:55,160 --> 00:02:56,959 Speaker 2: still get the discount and like you said, you'll you 62 00:02:57,000 --> 00:02:58,480 Speaker 2: get all of those sweet protections. 63 00:02:58,520 --> 00:03:02,040 Speaker 1: Pretty pretty slick move. We see long at lasts as 64 00:03:02,960 --> 00:03:04,959 Speaker 1: hundreds of thousands of how the money listeners flock to 65 00:03:04,960 --> 00:03:07,079 Speaker 1: their tvobile accounts and make the change. I know there's 66 00:03:07,120 --> 00:03:07,600 Speaker 1: not that many. 67 00:03:08,680 --> 00:03:11,919 Speaker 2: Yeah, Tyler, thank you so much for sharing that, And 68 00:03:12,320 --> 00:03:13,920 Speaker 2: we'll make sure to keep folks posting it if that 69 00:03:14,000 --> 00:03:14,560 Speaker 2: does change. 70 00:03:14,560 --> 00:03:16,160 Speaker 1: And we hear about that and if you have a 71 00:03:16,200 --> 00:03:18,600 Speaker 1: money win like that, they please feel free share with us, 72 00:03:18,639 --> 00:03:21,440 Speaker 1: reach out to us. Yeah, we little hacks love to 73 00:03:21,480 --> 00:03:22,440 Speaker 1: tell everyone else about it. 74 00:03:23,000 --> 00:03:26,720 Speaker 2: All right, dude, let's talk about travel, specifically airfare, because 75 00:03:26,720 --> 00:03:28,960 Speaker 2: it turns out the best time to book a flight 76 00:03:29,000 --> 00:03:31,399 Speaker 2: for the holidays is coming soon. 77 00:03:31,440 --> 00:03:32,200 Speaker 1: It's coming this fall. 78 00:03:32,560 --> 00:03:35,440 Speaker 2: This is according to Google at least, and of course, 79 00:03:35,680 --> 00:03:39,480 Speaker 2: who would know better than the king of all Internet data. 80 00:03:40,120 --> 00:03:42,240 Speaker 2: The beginning of October, specifically, that is going to be 81 00:03:42,280 --> 00:03:45,520 Speaker 2: the best time to buy a flight for Thanksgiving or 82 00:03:45,560 --> 00:03:46,360 Speaker 2: for Christmas travel. 83 00:03:46,400 --> 00:03:48,200 Speaker 1: They say October seventh was the ideal date. 84 00:03:48,720 --> 00:03:52,320 Speaker 2: Early, yes, early early October. But you might want to 85 00:03:52,320 --> 00:03:54,360 Speaker 2: go ahead and start perusing now, start setting some of 86 00:03:54,360 --> 00:03:56,960 Speaker 2: those fair alerts, just to keep an eye on things. 87 00:03:56,960 --> 00:04:00,480 Speaker 2: Plus gives you the added emotional satisfaction of seeing higher 88 00:04:00,480 --> 00:04:03,280 Speaker 2: prices and then seeing them steadily go down, hopefully to 89 00:04:03,680 --> 00:04:07,280 Speaker 2: that sweet spot. But you know, after this this window, 90 00:04:07,760 --> 00:04:11,960 Speaker 2: prices are likely going to steadily increase as we approach 91 00:04:12,040 --> 00:04:14,080 Speaker 2: the holidays. I think that I think they said that 92 00:04:14,480 --> 00:04:17,160 Speaker 2: the trends for this year are showing that seventy one 93 00:04:17,240 --> 00:04:20,200 Speaker 2: days specifically, Is that what you said? Maybe that's what 94 00:04:20,200 --> 00:04:23,320 Speaker 2: you're thinking, did you say the seventeenth, the seventh, the seventh, Okay, 95 00:04:23,320 --> 00:04:25,760 Speaker 2: so I saw that seventy one days in advance. It 96 00:04:25,960 --> 00:04:30,600 Speaker 2: seems to be the low, like the average low for flights. 97 00:04:30,320 --> 00:04:31,640 Speaker 1: Which pretty close October seventh. 98 00:04:31,839 --> 00:04:34,719 Speaker 2: Yeah, so maybe so, But if you're looking at international travel, 99 00:04:34,720 --> 00:04:36,680 Speaker 2: it's actually further out than that. So you want to 100 00:04:36,680 --> 00:04:40,440 Speaker 2: be looking at least seventy two days or even further out, 101 00:04:40,520 --> 00:04:44,440 Speaker 2: because once you get within that window, prices definitely definitely increase, 102 00:04:44,520 --> 00:04:46,000 Speaker 2: basically right at the place where it makes sense to 103 00:04:46,000 --> 00:04:48,320 Speaker 2: start looking. If you're planning to travel this holiday season, 104 00:04:48,400 --> 00:04:50,000 Speaker 2: and yeah, and I want to wait to book a 105 00:04:50,040 --> 00:04:51,920 Speaker 2: few for a few more weeks, but you least want 106 00:04:51,920 --> 00:04:53,800 Speaker 2: to start looking coming up. And this is this might 107 00:04:53,839 --> 00:04:55,440 Speaker 2: come as a shocker though, because this is a lot 108 00:04:55,480 --> 00:04:58,520 Speaker 2: different than data from last year. The last year you 109 00:04:58,560 --> 00:05:02,080 Speaker 2: could book the lowest flights much closer to your your 110 00:05:02,080 --> 00:05:04,600 Speaker 2: departure time. So something to keep in mind. If you 111 00:05:04,640 --> 00:05:07,600 Speaker 2: can be flexible, of course, that's going to give you 112 00:05:07,680 --> 00:05:10,120 Speaker 2: the absolute best prices you're gonna that's gonna allow you 113 00:05:10,160 --> 00:05:10,880 Speaker 2: to save even more. 114 00:05:10,920 --> 00:05:13,200 Speaker 1: And by flexible you mean flexible on travel dates, but 115 00:05:13,279 --> 00:05:16,000 Speaker 1: also flexible in the airports. That you're flying to and from, 116 00:05:16,200 --> 00:05:17,000 Speaker 1: or even. 117 00:05:16,920 --> 00:05:19,640 Speaker 2: Flexibility when it comes to even flying it on maybe 118 00:05:19,680 --> 00:05:22,080 Speaker 2: it's starting to drive, but teleport that would be that 119 00:05:22,720 --> 00:05:24,680 Speaker 2: don't forget though We've talked about this on a previous 120 00:05:24,720 --> 00:05:27,400 Speaker 2: Friday flight. But Google they've got that price guarantee on 121 00:05:27,440 --> 00:05:28,160 Speaker 2: some of their flights. 122 00:05:28,160 --> 00:05:31,159 Speaker 1: When you're looking via their Google Flights tool, that's like 123 00:05:31,200 --> 00:05:34,280 Speaker 1: the little Google colored shield next to the price. If 124 00:05:34,320 --> 00:05:36,800 Speaker 1: you see that, go ahead and book a flight if 125 00:05:36,839 --> 00:05:39,200 Speaker 1: you see that badge, and don't even worry about it, 126 00:05:39,200 --> 00:05:41,919 Speaker 1: because you will be refunded the difference if the price 127 00:05:42,040 --> 00:05:44,960 Speaker 1: goes down after the fact. The only small hoop is 128 00:05:44,960 --> 00:05:47,479 Speaker 1: I think they will credit your Google pay account paign 129 00:05:48,000 --> 00:05:51,280 Speaker 1: and so there's an additional step. But man, I love 130 00:05:51,400 --> 00:05:54,400 Speaker 1: that basic built in price protection the share offering. I 131 00:05:54,480 --> 00:05:56,240 Speaker 1: like it too. All Right, while we're talking about saving 132 00:05:56,279 --> 00:05:59,320 Speaker 1: money off flights, Matt America Airlines would actually prefer that 133 00:05:59,400 --> 00:06:01,240 Speaker 1: all of us just pay more. That's what they want, 134 00:06:01,440 --> 00:06:05,600 Speaker 1: and they're they're suing the site skip lagged because they 135 00:06:05,600 --> 00:06:08,280 Speaker 1: don't like how this site is helping people save money. 136 00:06:08,520 --> 00:06:12,360 Speaker 1: Skip lagged. What they do this site revolves around serving 137 00:06:12,400 --> 00:06:15,800 Speaker 1: up hidden city fares, which essentially take advantage of pricing 138 00:06:15,839 --> 00:06:18,839 Speaker 1: mechanisms that are typically hidden to US US normies, US 139 00:06:18,880 --> 00:06:20,960 Speaker 1: normal folks. So, for example, if you're trying to get 140 00:06:20,960 --> 00:06:23,000 Speaker 1: to Vegas, well, it might make more sense to book 141 00:06:23,040 --> 00:06:25,240 Speaker 1: a flight elsewhere that has a layover in Vegas and 142 00:06:25,360 --> 00:06:27,839 Speaker 1: just get off the plane in Vegas, right, basically, don't 143 00:06:27,839 --> 00:06:31,560 Speaker 1: complete the second or even third leg. Yeah, God forbid 144 00:06:31,640 --> 00:06:34,000 Speaker 1: for some reason flight based on the way you know, 145 00:06:34,279 --> 00:06:37,840 Speaker 1: flights are are scheduled and stuff like that, and you 146 00:06:37,920 --> 00:06:41,520 Speaker 1: can save money buying that longer ticket and not taking 147 00:06:41,640 --> 00:06:44,480 Speaker 1: taking the second leg instead of booking a direct flight 148 00:06:44,600 --> 00:06:46,320 Speaker 1: to the destination you want to go to. So skip 149 00:06:46,320 --> 00:06:48,320 Speaker 1: blagged helps you take advantage of this. And so American 150 00:06:48,360 --> 00:06:51,360 Speaker 1: Airlines basically what they're saying is that they're calling skip 151 00:06:51,440 --> 00:06:54,560 Speaker 1: lagged deceptive and they're claiming that they're they're costing consumers 152 00:06:54,600 --> 00:06:56,920 Speaker 1: more even which is the exact opposite of what they're 153 00:06:56,920 --> 00:06:59,600 Speaker 1: trying to do. But the truth is these hidden city 154 00:06:59,640 --> 00:07:04,279 Speaker 1: fairs can really save money. But American Airlines doesn't really 155 00:07:04,320 --> 00:07:06,960 Speaker 1: like what skip flag is doing, largely because it's costing 156 00:07:07,279 --> 00:07:10,239 Speaker 1: them money. Right, And so skip blag they've been sued 157 00:07:10,280 --> 00:07:12,760 Speaker 1: before by United and they won and I get the 158 00:07:12,800 --> 00:07:15,200 Speaker 1: airlines don't like this practice. Man. They prefer that folks 159 00:07:15,280 --> 00:07:18,000 Speaker 1: not participate and they don't want skip flagged making it easier. 160 00:07:18,320 --> 00:07:21,040 Speaker 1: But I hope American Airlines loses in this because people 161 00:07:21,320 --> 00:07:25,400 Speaker 1: deserve to be able to use this method if it 162 00:07:25,440 --> 00:07:26,280 Speaker 1: works for them. Yeah. 163 00:07:26,280 --> 00:07:28,080 Speaker 2: By the way, when you said that they were sued 164 00:07:28,080 --> 00:07:30,000 Speaker 2: by United, it's not like that United one, no. 165 00:07:30,000 --> 00:07:34,280 Speaker 1: Skip lagged skiplag one. They fought back and they won. Yeah, 166 00:07:34,360 --> 00:07:37,280 Speaker 1: so hopefully they prevail here too. So just know that 167 00:07:37,320 --> 00:07:40,400 Speaker 1: there are risks if you choose to purchase a hidden 168 00:07:40,440 --> 00:07:43,200 Speaker 1: city fair via skip lag. This only works typically for 169 00:07:43,320 --> 00:07:46,280 Speaker 1: one way travel, because if you book a round trip flight, 170 00:07:46,560 --> 00:07:50,280 Speaker 1: well that return flight, that second half of your your 171 00:07:50,280 --> 00:07:52,040 Speaker 1: trip is going to be canceled by the airline because 172 00:07:52,040 --> 00:07:54,880 Speaker 1: they're going to see that you did not complete it 173 00:07:54,920 --> 00:07:56,600 Speaker 1: and they're going to cancel the rest. There's a red 174 00:07:56,600 --> 00:08:00,720 Speaker 1: flag there. Airlines. They're also starting to ban individuals who 175 00:08:00,920 --> 00:08:04,160 Speaker 1: get off the plane before the final destination from traveling 176 00:08:04,240 --> 00:08:06,280 Speaker 1: on their actual airplanes for years to come. It's they 177 00:08:06,360 --> 00:08:07,480 Speaker 1: banded like a seventeen year old. 178 00:08:07,680 --> 00:08:11,960 Speaker 2: Yeah, exactly, for like three years moving forward. And one 179 00:08:11,960 --> 00:08:15,040 Speaker 2: other thing, definitely don't check a bag of course, because 180 00:08:15,040 --> 00:08:17,280 Speaker 2: it's gonna end up at the final destination. What's the 181 00:08:17,320 --> 00:08:20,600 Speaker 2: other city while you're hundreds of miles away? And so 182 00:08:21,480 --> 00:08:25,040 Speaker 2: the big question is it worth the gamble? I think 183 00:08:25,040 --> 00:08:28,920 Speaker 2: it depends on how much money you can save, and 184 00:08:29,400 --> 00:08:32,080 Speaker 2: like whether or not you care about being banned from 185 00:08:32,080 --> 00:08:36,280 Speaker 2: an airline for maybe multiple years, like for three years. 186 00:08:36,640 --> 00:08:38,520 Speaker 2: So just something to keep in mind because I think 187 00:08:38,640 --> 00:08:42,120 Speaker 2: this booking tactic it has been saving folks money. The 188 00:08:42,160 --> 00:08:45,199 Speaker 2: airlines badly want to curb this, so just beware before 189 00:08:45,240 --> 00:08:47,679 Speaker 2: you give it a go that it could potentially end 190 00:08:47,760 --> 00:08:49,040 Speaker 2: up costing you more money down the road. 191 00:08:49,120 --> 00:08:50,960 Speaker 1: Yeah, and last, but not least, on the travel front, 192 00:08:51,000 --> 00:08:55,640 Speaker 1: Matt CNBC reports that airlines are investing in bigger, fancier seats. 193 00:08:55,840 --> 00:08:58,679 Speaker 1: It's kind of really interesting to get a peak inside 194 00:08:59,040 --> 00:09:01,800 Speaker 1: the like the seats. They buy them from these companies 195 00:09:01,800 --> 00:09:04,319 Speaker 1: that specifically manufacture airline seats, and they're making them bigger 196 00:09:04,320 --> 00:09:07,520 Speaker 1: and fancier than ever. Airlines are spending millions and millions 197 00:09:07,559 --> 00:09:10,040 Speaker 1: of dollars to outfit their planes with a nicer seat, 198 00:09:10,360 --> 00:09:13,280 Speaker 1: which means what it means that airlines want to sell 199 00:09:13,320 --> 00:09:16,439 Speaker 1: you an experience. Sure, they're going to eat that cost yeah, right, right, 200 00:09:16,679 --> 00:09:18,760 Speaker 1: that something they're going to pass. It's something they're doing 201 00:09:18,800 --> 00:09:20,920 Speaker 1: out of the kindness of their hearts, right, No, they're 202 00:09:20,920 --> 00:09:23,400 Speaker 1: putting in these fancier, more expensive seats so that they 203 00:09:23,440 --> 00:09:26,120 Speaker 1: can charge us more off, offer us better services, make 204 00:09:26,160 --> 00:09:30,520 Speaker 1: flying more of an elite experience. Matt, I would say 205 00:09:30,559 --> 00:09:32,559 Speaker 1: you and I were probably we're basic economy dudes, right, 206 00:09:32,600 --> 00:09:36,079 Speaker 1: even though I'm six with six I don't mind kind 207 00:09:36,080 --> 00:09:37,880 Speaker 1: of being squeezed in like a can of sardines in 208 00:09:38,000 --> 00:09:40,280 Speaker 1: order to save money, because the truth is, the way 209 00:09:40,320 --> 00:09:42,040 Speaker 1: I think about it, the less I spend on a 210 00:09:42,040 --> 00:09:44,640 Speaker 1: single flight means I've got more money for other nice 211 00:09:44,679 --> 00:09:47,079 Speaker 1: things that I value more, including just being able to 212 00:09:47,080 --> 00:09:49,240 Speaker 1: travel more. Right, Instead of spending more in a single 213 00:09:49,240 --> 00:09:51,720 Speaker 1: flight means I can take more flights, go more cool places. 214 00:09:51,920 --> 00:09:55,200 Speaker 1: But basically this push to have nicer seats means that 215 00:09:55,200 --> 00:09:57,120 Speaker 1: we're all going to be pushed to spend more on 216 00:09:57,200 --> 00:09:59,559 Speaker 1: nicer seats with basically every airline is they continue to 217 00:09:59,640 --> 00:10:02,520 Speaker 1: upgrade seats in their cabin and we're already kind of 218 00:10:02,520 --> 00:10:06,200 Speaker 1: pushed to this. Right, the fancier versions of economy didn't 219 00:10:06,280 --> 00:10:09,440 Speaker 1: used to exist. That's like a still a relatively new thing. 220 00:10:09,520 --> 00:10:11,400 Speaker 1: It used to just kind of be two tiers, right, 221 00:10:11,559 --> 00:10:13,640 Speaker 1: and now there's multiple different kinds of tiers when we 222 00:10:13,679 --> 00:10:16,120 Speaker 1: get on airlines, and they're always trying to charge us 223 00:10:16,120 --> 00:10:18,960 Speaker 1: more to book those nicer economy window plus right, what 224 00:10:18,960 --> 00:10:21,640 Speaker 1: does that even mean? Right? Exactly? Yeah, you spend twenty 225 00:10:21,640 --> 00:10:23,280 Speaker 1: five dollars more just so you can look out the window. 226 00:10:23,520 --> 00:10:25,920 Speaker 1: And then, by the way, everybody already knows this, who 227 00:10:25,960 --> 00:10:29,439 Speaker 1: listens to this, to this podcast. But prices go up 228 00:10:29,480 --> 00:10:33,480 Speaker 1: when competition goes down. And so the documents just got 229 00:10:33,520 --> 00:10:37,000 Speaker 1: released from this proposed Jet Blue and Spirit merger. The 230 00:10:37,080 --> 00:10:39,920 Speaker 1: documents that came out, they revealed just that some routes 231 00:10:39,960 --> 00:10:42,360 Speaker 1: would apparently have gone up by price in price by 232 00:10:42,360 --> 00:10:45,720 Speaker 1: forty percent post merger if that merger is allowed to continue. 233 00:10:45,760 --> 00:10:47,920 Speaker 1: So it's up to the Justice Department now what happens 234 00:10:47,960 --> 00:10:51,240 Speaker 1: with that proposed merger. But let's let's hope airline competition 235 00:10:51,480 --> 00:10:53,400 Speaker 1: remains robust. I saw some of those some of those 236 00:10:53,480 --> 00:10:56,079 Speaker 1: numbers and some of those inside documents that were kind 237 00:10:56,120 --> 00:10:57,480 Speaker 1: of revealed, yeah, releaked. 238 00:10:57,640 --> 00:11:01,079 Speaker 2: Yeah, Well, the documents weren't properly acted, right, and so 239 00:11:01,360 --> 00:11:03,720 Speaker 2: one of the attorneys really messed up. 240 00:11:04,960 --> 00:11:05,719 Speaker 1: And I'll go to bat. 241 00:11:05,760 --> 00:11:07,800 Speaker 2: I'll play devil's advocate for a second when it comes 242 00:11:07,800 --> 00:11:10,320 Speaker 2: to jet Blue, because they said that within the documents 243 00:11:10,360 --> 00:11:13,240 Speaker 2: that their prices could go up by forty percent, not 244 00:11:13,280 --> 00:11:15,439 Speaker 2: that they would because jet Blue has stated that like, no, no, 245 00:11:15,440 --> 00:11:17,640 Speaker 2: we promised they're not going to go up. In fact, 246 00:11:17,800 --> 00:11:19,360 Speaker 2: prices are going to go down because this is going 247 00:11:19,400 --> 00:11:20,520 Speaker 2: to allow us to be more efficient. 248 00:11:21,360 --> 00:11:25,240 Speaker 1: And yeah, we'll see about that. Unlike unlikely because the 249 00:11:25,280 --> 00:11:28,319 Speaker 1: truth is, like less competition, they're looking a bigger profit. 250 00:11:28,360 --> 00:11:29,320 Speaker 1: This is what companies do. 251 00:11:29,520 --> 00:11:33,200 Speaker 2: Jet Blue is not a nonprofit, right, like they're out 252 00:11:33,240 --> 00:11:35,040 Speaker 2: to make money for their shurehold. 253 00:11:35,040 --> 00:11:37,440 Speaker 1: And we've talked about this before. The Spirit effect, similar 254 00:11:37,440 --> 00:11:39,800 Speaker 1: to the Audi effect, is like when when Spirit launches 255 00:11:39,840 --> 00:11:41,920 Speaker 1: in your airport, prices go down on all the other 256 00:11:41,920 --> 00:11:46,240 Speaker 1: airlines toobes, right, so the Southwest effect, any other discount airlines. Yeah, 257 00:11:46,280 --> 00:11:47,680 Speaker 1: if you take them out of play, then we're talking 258 00:11:47,679 --> 00:11:48,520 Speaker 1: about higher prices. 259 00:11:48,760 --> 00:11:52,120 Speaker 2: Okay, something that goes against intuition. Joe, let's talk about 260 00:11:52,440 --> 00:11:56,600 Speaker 2: grocery shopping specifically. Tot's talk about instacart, because it turns 261 00:11:56,600 --> 00:11:59,480 Speaker 2: out you might actually be able to save money by 262 00:11:59,480 --> 00:12:02,480 Speaker 2: having your grownes delivered at least in one way. 263 00:12:02,920 --> 00:12:03,240 Speaker 1: One way. 264 00:12:03,240 --> 00:12:05,920 Speaker 2: In particular, there's a new white paper that reveals that 265 00:12:06,040 --> 00:12:08,880 Speaker 2: by using Instacart, it could result in five to seven 266 00:12:08,920 --> 00:12:13,360 Speaker 2: percent fewer impulse purchases. So things on the end caps 267 00:12:13,800 --> 00:12:16,800 Speaker 2: most of us, like we go into the store and 268 00:12:16,840 --> 00:12:19,679 Speaker 2: we end up buying like candy or chips, the severy 269 00:12:19,800 --> 00:12:23,200 Speaker 2: treats that weren't necessarily on the list, and with a 270 00:12:23,240 --> 00:12:27,160 Speaker 2: service like Instacart, you are able to avoid that temptation. 271 00:12:27,240 --> 00:12:27,960 Speaker 1: But here's the thing. 272 00:12:28,480 --> 00:12:31,600 Speaker 2: You're still paying for that actual service, right, You're paying 273 00:12:31,600 --> 00:12:33,960 Speaker 2: for the increased prices for many of the items that 274 00:12:34,000 --> 00:12:34,480 Speaker 2: you're buying. 275 00:12:34,800 --> 00:12:35,880 Speaker 1: And of course, don't. 276 00:12:35,720 --> 00:12:39,640 Speaker 2: Forget the tip that we're all being well, no, I mean, 277 00:12:39,800 --> 00:12:40,960 Speaker 2: I guess folks, you should tip. 278 00:12:41,400 --> 00:12:43,680 Speaker 1: You should. It's gonna cost you exes, It's just gonna 279 00:12:43,679 --> 00:12:45,040 Speaker 1: cost you don't have to tip yourself when you go 280 00:12:45,040 --> 00:12:45,520 Speaker 1: get your own. 281 00:12:45,440 --> 00:12:47,920 Speaker 2: Grocery that yeah, And so does it actually make sense 282 00:12:47,920 --> 00:12:50,280 Speaker 2: to get your groceries delivered because it's gonna allow you 283 00:12:50,320 --> 00:12:52,400 Speaker 2: to save money when it comes to your groceries groceries 284 00:12:52,400 --> 00:12:55,800 Speaker 2: every month? I think it comes down to the individual, right, 285 00:12:55,840 --> 00:12:59,000 Speaker 2: because I think some folks value the time that they're 286 00:12:59,040 --> 00:13:01,520 Speaker 2: able to go, Like I know with Kate with this 287 00:13:01,559 --> 00:13:04,600 Speaker 2: one particular grocery store in town, it was like therapy 288 00:13:04,640 --> 00:13:07,199 Speaker 2: for her to go. It was an international farmers market 289 00:13:07,200 --> 00:13:11,160 Speaker 2: and the ability to see costs that's a deal, I know. 290 00:13:11,480 --> 00:13:14,800 Speaker 2: And the prices there were incredible, amazing stuff like produce 291 00:13:14,800 --> 00:13:16,880 Speaker 2: from all around the world, and just the smells, and 292 00:13:17,280 --> 00:13:20,440 Speaker 2: she was she would always come back from going there 293 00:13:20,480 --> 00:13:22,000 Speaker 2: in such great spirits and just be like, I have 294 00:13:22,040 --> 00:13:24,719 Speaker 2: the best conversation with this so and so person. They're 295 00:13:24,720 --> 00:13:26,480 Speaker 2: asking me how I use this, and then I ask 296 00:13:26,559 --> 00:13:27,760 Speaker 2: them how they use that because I see. 297 00:13:27,600 --> 00:13:28,600 Speaker 1: What they've got in their cart. 298 00:13:29,280 --> 00:13:31,680 Speaker 2: There's folks who may not be exactly like Kate, but 299 00:13:31,760 --> 00:13:33,280 Speaker 2: value going to the grocery store. 300 00:13:33,360 --> 00:13:35,920 Speaker 1: Yeah, and seeing the you know, just all the different 301 00:13:35,960 --> 00:13:38,920 Speaker 1: sites annoys me the most about the deliberies. I don't 302 00:13:38,920 --> 00:13:41,400 Speaker 1: get to pick out specific produce and some of it 303 00:13:41,480 --> 00:13:43,800 Speaker 1: might be so part and then it's the it's the 304 00:13:43,840 --> 00:13:46,040 Speaker 1: substitutions they make. When the thing that you wanted is 305 00:13:46,080 --> 00:13:47,640 Speaker 1: in is doc actually. 306 00:13:47,360 --> 00:13:49,080 Speaker 2: Worth all the hassles because you're on your phone the 307 00:13:49,200 --> 00:13:51,080 Speaker 2: entire time trying to respond because they're like, hey, they're 308 00:13:51,080 --> 00:13:52,280 Speaker 2: out of this what about this. 309 00:13:52,440 --> 00:13:55,760 Speaker 1: So it's funny. It's interesting that you mentioned the vegetables 310 00:13:55,760 --> 00:13:57,520 Speaker 1: because in the report as well, one of the other 311 00:13:57,640 --> 00:14:00,560 Speaker 1: interesting numbers was the fact that they saw eighteen percent 312 00:14:00,679 --> 00:14:03,880 Speaker 1: decline in purchasing fresh veggies. Huh. 313 00:14:03,920 --> 00:14:06,240 Speaker 2: And so you can make a health argument that like, Okay, well, 314 00:14:06,280 --> 00:14:10,160 Speaker 2: I'm not buying sweets, I'm not buying candy, but you're 315 00:14:10,160 --> 00:14:14,079 Speaker 2: also buying significantly fewer vegetables because yeah, you can't pick 316 00:14:14,160 --> 00:14:15,800 Speaker 2: up the avocado and give it a little squeeze and 317 00:14:15,840 --> 00:14:17,679 Speaker 2: see whether or not it's fresh or not, so you're 318 00:14:17,720 --> 00:14:20,600 Speaker 2: thinking or not fresh, ripe, and so you don't add 319 00:14:20,600 --> 00:14:21,800 Speaker 2: it to the list at all. And so I think 320 00:14:22,240 --> 00:14:24,840 Speaker 2: from a health standpoint it could potentially be a wash. 321 00:14:25,360 --> 00:14:28,200 Speaker 2: And from a financial standpoint as well, it's like, yeah, 322 00:14:28,200 --> 00:14:30,640 Speaker 2: maybe you're spending less money overall, but man, maybe you're 323 00:14:30,680 --> 00:14:34,640 Speaker 2: actually spending the same amount and you're just getting fewer goods. 324 00:14:35,480 --> 00:14:37,840 Speaker 2: Just depends on what it is that you are looking 325 00:14:37,880 --> 00:14:39,440 Speaker 2: to prioritize in your life. 326 00:14:39,200 --> 00:14:41,120 Speaker 1: Which is I think is exactly what's happening. Is people 327 00:14:41,120 --> 00:14:43,560 Speaker 1: are buying fewer goods, which means that the overall bill 328 00:14:43,600 --> 00:14:45,880 Speaker 1: is a little bit smaller, and you're buying maybe some 329 00:14:45,920 --> 00:14:48,880 Speaker 1: of those fewer drunk foods, which is good, but you're 330 00:14:48,920 --> 00:14:50,680 Speaker 1: paying more for every single thing. Like if you buy 331 00:14:50,960 --> 00:14:53,600 Speaker 1: food from Costco on Instacart, which you can do without 332 00:14:53,600 --> 00:14:56,880 Speaker 1: being a Costcome member, it's awesome. You're paying roughly, based 333 00:14:56,880 --> 00:14:59,160 Speaker 1: on studies, twenty percent more for everything you buy. So 334 00:14:59,280 --> 00:15:01,680 Speaker 1: much more money. Yeah, it's so much more money. Yeah, 335 00:15:01,760 --> 00:15:04,080 Speaker 1: you might buy fewer things, but you're gonna pay more 336 00:15:04,120 --> 00:15:05,520 Speaker 1: for every single item, and then you got to pay 337 00:15:05,520 --> 00:15:07,120 Speaker 1: for the tip on top, So it's gonna cost and 338 00:15:07,160 --> 00:15:07,800 Speaker 1: it's gonna here. 339 00:15:07,840 --> 00:15:09,240 Speaker 2: Here's the thing too, you man, the prices I think 340 00:15:09,240 --> 00:15:11,320 Speaker 2: are only going to go up because anytime you've got 341 00:15:11,400 --> 00:15:13,360 Speaker 2: one of these services that are new to the market, 342 00:15:13,360 --> 00:15:14,840 Speaker 2: what they're trying to do is gain market share. 343 00:15:14,840 --> 00:15:16,480 Speaker 1: Oh yeah, this makes me think about especially in the 344 00:15:16,480 --> 00:15:18,080 Speaker 1: advance of their IPO that's forthcoming. 345 00:15:18,160 --> 00:15:20,720 Speaker 2: So yeah, yeah, so it specifically makes me think about 346 00:15:20,800 --> 00:15:25,280 Speaker 2: ride sharing and literally last Uber, right, so you got Uber, 347 00:15:25,320 --> 00:15:29,720 Speaker 2: you got lyft Uber. In Q two, they had profits 348 00:15:30,320 --> 00:15:32,920 Speaker 2: for the first time ever and they've been in existence 349 00:15:32,920 --> 00:15:33,600 Speaker 2: for over a. 350 00:15:33,560 --> 00:15:35,360 Speaker 1: Decade, and I pretty sure their stock went down when 351 00:15:35,360 --> 00:15:38,080 Speaker 1: that happened, because that's the way sails on Valley. 352 00:15:37,880 --> 00:15:40,200 Speaker 2: Are it's just crazy because you got so much startup 353 00:15:40,240 --> 00:15:43,840 Speaker 2: capital and they're just in an arms race to basically 354 00:15:43,840 --> 00:15:46,360 Speaker 2: garner market share, and at some point they're gonna start 355 00:15:46,400 --> 00:15:49,160 Speaker 2: raising their prices. And per anecdotally, I feel like I've noticed. 356 00:15:48,880 --> 00:15:51,920 Speaker 1: The prices that are actually higher. 357 00:15:51,640 --> 00:15:53,960 Speaker 2: On Uber and I can't remember the last time I've 358 00:15:53,960 --> 00:15:57,080 Speaker 2: written an Uber because the lyft prices are always more affordable. 359 00:15:57,200 --> 00:16:00,080 Speaker 2: And so what I'm saying is that these corporations, they 360 00:16:00,080 --> 00:16:02,600 Speaker 2: are out to make a profit, and there might be 361 00:16:02,640 --> 00:16:06,480 Speaker 2: a honeymoon period where prices seem relatively competitive and you're like. 362 00:16:06,440 --> 00:16:09,520 Speaker 1: Oh, that's actually not that big of a deal, But. 363 00:16:09,440 --> 00:16:11,640 Speaker 2: I would not be surprised if we continue to see 364 00:16:11,640 --> 00:16:14,400 Speaker 2: those prices go up those fees, specifically with something like Instacart, 365 00:16:14,400 --> 00:16:17,120 Speaker 2: because Instacart hasn't been along, hasn't been around as long 366 00:16:17,200 --> 00:16:19,440 Speaker 2: as lift an Uber, though yeah, a little bit newer on. 367 00:16:19,480 --> 00:16:22,040 Speaker 2: They're still in the earlier phase trying to require more customers. 368 00:16:22,080 --> 00:16:25,239 Speaker 2: And so you might see headlines out there saying Instatcart's 369 00:16:25,280 --> 00:16:27,400 Speaker 2: going to save you five percent on your grocery bill. 370 00:16:27,880 --> 00:16:30,000 Speaker 2: There's a lot more hidden underneath the surface behind that, 371 00:16:30,320 --> 00:16:33,160 Speaker 2: and so it might not be the best thing for 372 00:16:33,200 --> 00:16:35,120 Speaker 2: your wallet, and you might just want to keep going 373 00:16:35,120 --> 00:16:36,880 Speaker 2: in the store. But again, so much that comes down 374 00:16:36,920 --> 00:16:39,880 Speaker 2: to your your lifestyle, your priorities, and your finance. 375 00:16:39,880 --> 00:16:41,800 Speaker 1: It's important to you. Yeah, all right, Matt, let's we've 376 00:16:41,840 --> 00:16:44,880 Speaker 1: got more to get to, including that story about how 377 00:16:44,880 --> 00:16:46,320 Speaker 1: you can buy a home, which is the one percent 378 00:16:46,360 --> 00:16:48,880 Speaker 1: down payment. We'll talk about that and more right after this. 379 00:16:58,360 --> 00:17:00,760 Speaker 2: Yeah, one percent down it's like a too good to 380 00:17:00,800 --> 00:17:02,120 Speaker 2: be true kind of story. 381 00:17:02,160 --> 00:17:04,479 Speaker 1: But we will get to that here in a second. First, 382 00:17:04,600 --> 00:17:06,800 Speaker 1: where we have to give a firstborn child too, So 383 00:17:07,080 --> 00:17:08,480 Speaker 1: if you don't have any children, you don't pop up. 384 00:17:08,520 --> 00:17:10,480 Speaker 1: Make sure to read the fine print. No. 385 00:17:10,640 --> 00:17:12,880 Speaker 2: First, we've got our ludicrous headline of the week. This 386 00:17:12,960 --> 00:17:18,639 Speaker 2: is from SI Post. It's like a psychology based website publication. 387 00:17:19,119 --> 00:17:20,920 Speaker 2: But the headline I'm actually not going to read the 388 00:17:20,920 --> 00:17:23,000 Speaker 2: full headline because it's got long, it's got cursing in 389 00:17:23,200 --> 00:17:26,720 Speaker 2: as well. But the subhad was a significant slice of 390 00:17:26,800 --> 00:17:29,560 Speaker 2: US workers believe their jobs have no purpose. 391 00:17:30,320 --> 00:17:31,280 Speaker 1: One in five. 392 00:17:31,119 --> 00:17:35,200 Speaker 2: Americans believe that that their job is socially useless. And 393 00:17:35,280 --> 00:17:37,399 Speaker 2: this is according to a recent study that they cited 394 00:17:37,400 --> 00:17:40,240 Speaker 2: there and some folks they feel this way, because they 395 00:17:40,760 --> 00:17:43,800 Speaker 2: might do a job or like a repetitive task right, 396 00:17:43,880 --> 00:17:47,199 Speaker 2: something where there's just a lot of repetition involved, but 397 00:17:47,400 --> 00:17:50,280 Speaker 2: others feel no attachment to the outcome of their work. 398 00:17:50,280 --> 00:17:52,719 Speaker 2: They feel like that they've just become a small cog 399 00:17:52,800 --> 00:17:56,160 Speaker 2: and some massive machine, and they're not able to enjoy 400 00:17:56,200 --> 00:17:56,800 Speaker 2: maybe any. 401 00:17:56,640 --> 00:17:59,240 Speaker 1: Of the fruits of their labor. So all of those factors. 402 00:17:59,000 --> 00:18:02,159 Speaker 2: Are contributing to the fact that folks basically believe that 403 00:18:02,200 --> 00:18:04,480 Speaker 2: if their job disappeared, that it would not matter one bit. 404 00:18:04,840 --> 00:18:07,240 Speaker 2: And so everyone out there, I'm guessing has felt a 405 00:18:07,280 --> 00:18:11,240 Speaker 2: little disillusioned within a job before. And while I think 406 00:18:11,280 --> 00:18:13,200 Speaker 2: a part of how we see our work it has 407 00:18:13,200 --> 00:18:16,720 Speaker 2: to do with our mindset. Even still, it's still possible 408 00:18:16,760 --> 00:18:18,399 Speaker 2: to be in a good and mental spot, to be 409 00:18:18,440 --> 00:18:21,200 Speaker 2: mentally healthy, and to not see your job as meaningful. 410 00:18:21,400 --> 00:18:23,680 Speaker 2: I think having a job that you view as pure 411 00:18:23,720 --> 00:18:27,119 Speaker 2: busy work, or a job that has zero real impact 412 00:18:27,280 --> 00:18:28,600 Speaker 2: on the world around you, is going to be a 413 00:18:28,600 --> 00:18:31,480 Speaker 2: recipe for burnout. And honestly, even in a job where 414 00:18:31,480 --> 00:18:33,639 Speaker 2: we sense a greater purpose, it can be difficult just 415 00:18:33,680 --> 00:18:35,760 Speaker 2: to keep that front of mine right because we're kind 416 00:18:35,760 --> 00:18:39,399 Speaker 2: of bogged down with the maybe the more business side 417 00:18:39,480 --> 00:18:41,840 Speaker 2: of the job that you have. But if you are 418 00:18:42,000 --> 00:18:44,600 Speaker 2: one of the twenty percent of the population that sees 419 00:18:44,680 --> 00:18:48,000 Speaker 2: their job as a BS, that's the part of the 420 00:18:48,560 --> 00:18:51,840 Speaker 2: I didn't read. Now is as good of the time 421 00:18:51,840 --> 00:18:55,080 Speaker 2: as ever to start maybe looking and working towards the 422 00:18:55,359 --> 00:18:57,159 Speaker 2: next thing that might be able to provide you with 423 00:18:57,200 --> 00:18:59,000 Speaker 2: some of that satisfaction, some of that fulfillment. 424 00:18:59,040 --> 00:19:01,359 Speaker 1: I hate seeing that because because it's funny. I'm reading 425 00:19:01,400 --> 00:19:04,080 Speaker 1: this memoir right now called Uncanny Valley, and it's about 426 00:19:04,119 --> 00:19:07,840 Speaker 1: this young lady from New York who was working in 427 00:19:07,840 --> 00:19:10,239 Speaker 1: the literary industry. She goes to Silicon Valley ends up 428 00:19:10,240 --> 00:19:12,600 Speaker 1: working in tech, and she becomes quickly disillusioned, and she 429 00:19:12,840 --> 00:19:17,919 Speaker 1: loses attachment to like her job and how her labor 430 00:19:18,240 --> 00:19:21,280 Speaker 1: turns into something meaningful for society. I think it's easy 431 00:19:21,280 --> 00:19:22,920 Speaker 1: for all that to happen into all of us. And 432 00:19:22,960 --> 00:19:24,840 Speaker 1: so it's part of it's a personal thing, part of 433 00:19:24,840 --> 00:19:27,359 Speaker 1: it's a mindset thing, and sometimes it means going and 434 00:19:27,400 --> 00:19:31,160 Speaker 1: doing something else. And so this also, Matt doesn't necessarily 435 00:19:31,200 --> 00:19:35,320 Speaker 1: come from somebody's salary being too small. Somebody might say, oh, 436 00:19:35,359 --> 00:19:37,760 Speaker 1: I don't make enough money. That's why I'm disillusioned. Actually, 437 00:19:37,840 --> 00:19:41,000 Speaker 1: it's probably not because they're somebody's not getting paid enough 438 00:19:41,000 --> 00:19:42,960 Speaker 1: that they feel this way about their work. Salary is 439 00:19:42,960 --> 00:19:46,159 Speaker 1: really only one small part of work happiness. And I 440 00:19:46,160 --> 00:19:48,119 Speaker 1: say small. You might say that's silly, Joel. No, it's 441 00:19:48,119 --> 00:19:49,840 Speaker 1: a big part of It's obviously a big part of 442 00:19:49,840 --> 00:19:51,639 Speaker 1: part of why you work, but it's not necessarily what 443 00:19:51,720 --> 00:19:53,439 Speaker 1: makes us happy, what makes us feel connected to the 444 00:19:53,440 --> 00:19:55,840 Speaker 1: work we do. And so the people who feel that 445 00:19:55,880 --> 00:19:58,560 Speaker 1: they're paid the most fairly are actually independent workers and 446 00:19:58,560 --> 00:20:01,480 Speaker 1: freelances according to another stuff, And it's not I totally 447 00:20:01,560 --> 00:20:04,040 Speaker 1: believe that it's not because they get paid more. In fact, 448 00:20:04,080 --> 00:20:06,800 Speaker 1: many people choose this route and they take a pay cut, 449 00:20:07,240 --> 00:20:09,600 Speaker 1: they get paid less, But it's because of the autonomy 450 00:20:09,600 --> 00:20:12,119 Speaker 1: and the level of control, the level of creative control 451 00:20:12,160 --> 00:20:14,399 Speaker 1: that they have over when they work and what they 452 00:20:14,520 --> 00:20:16,960 Speaker 1: choose to work on. And so there's in this study 453 00:20:16,960 --> 00:20:19,360 Speaker 1: Matt nine out of ten workers in this survey said 454 00:20:19,359 --> 00:20:22,360 Speaker 1: that they want a four day work week. More flexibility 455 00:20:22,400 --> 00:20:24,960 Speaker 1: is paramount to that. And if striking it out on 456 00:20:25,000 --> 00:20:26,199 Speaker 1: your own, I think what we would say to how 457 00:20:26,240 --> 00:20:29,119 Speaker 1: to money listeners would not only bring more time freedom 458 00:20:29,160 --> 00:20:30,840 Speaker 1: to you, but give you more of a connection to 459 00:20:30,880 --> 00:20:34,040 Speaker 1: work that you find fulfilling. Working towards that end could 460 00:20:34,040 --> 00:20:36,520 Speaker 1: be a great goal to have. I think of what 461 00:20:36,560 --> 00:20:38,359 Speaker 1: we do here, and you're right, like you mentioned that 462 00:20:38,400 --> 00:20:41,240 Speaker 1: you're not always fulfilled every single day, and there's aspects 463 00:20:41,240 --> 00:20:43,679 Speaker 1: of the job that aren't like the best, right, But 464 00:20:43,800 --> 00:20:47,280 Speaker 1: ultimately we do have a mission that that we care about, 465 00:20:47,320 --> 00:20:51,640 Speaker 1: and what we get to do every day is ultimately fun, right, 466 00:20:51,680 --> 00:20:55,359 Speaker 1: even if not every single minute is filled with joy. 467 00:20:55,400 --> 00:20:57,760 Speaker 2: Sure, even here in the How To Money Clubhouse there's 468 00:20:57,800 --> 00:21:00,840 Speaker 2: some drudgery. Yeah, this makes me think is that we 469 00:21:00,880 --> 00:21:05,160 Speaker 2: need to do an episode soon about entrepreneurship, the joy 470 00:21:05,240 --> 00:21:08,000 Speaker 2: and the fulfillment that that can bring. And we've joked 471 00:21:08,000 --> 00:21:09,879 Speaker 2: about this before, but like, once you have a taste 472 00:21:10,080 --> 00:21:13,439 Speaker 2: of the freedom that accompanies with being able to call 473 00:21:13,480 --> 00:21:17,400 Speaker 2: your call, your own shots, be your own boss, it 474 00:21:17,440 --> 00:21:20,200 Speaker 2: almost makes you unemployable because the thought of going back 475 00:21:20,240 --> 00:21:22,399 Speaker 2: to working for the man or you know, working kind 476 00:21:22,440 --> 00:21:25,040 Speaker 2: of a standard nine to five. Obviously we would do 477 00:21:25,119 --> 00:21:27,399 Speaker 2: it if we were in a position that we needed to. 478 00:21:27,960 --> 00:21:32,080 Speaker 2: But man, entrepreneurship is so great that being said, I'm 479 00:21:32,160 --> 00:21:34,560 Speaker 2: like mister Devil's advocate today, there are some folks that 480 00:21:34,600 --> 00:21:37,560 Speaker 2: I own Devil's Advocate here where I completely understand that 481 00:21:37,840 --> 00:21:39,679 Speaker 2: they don't necessarily want to go out and start their 482 00:21:39,680 --> 00:21:40,159 Speaker 2: own business. 483 00:21:40,200 --> 00:21:40,360 Speaker 1: Right. 484 00:21:40,400 --> 00:21:43,320 Speaker 2: We talked about this with Cimo stoles Off how work 485 00:21:43,359 --> 00:21:46,560 Speaker 2: does not necessarily and that was episode six sixty seven, 486 00:21:46,600 --> 00:21:48,840 Speaker 2: by the way, if you haven't listened to that one. 487 00:21:48,920 --> 00:21:51,520 Speaker 2: But there are some folks who are constantly seeking for 488 00:21:51,600 --> 00:21:55,200 Speaker 2: their job to be like the penultimate like life satisfaction, 489 00:21:55,560 --> 00:21:58,080 Speaker 2: Like my values are completely aligned with the work that 490 00:21:58,119 --> 00:22:00,000 Speaker 2: I'm doing. Oh and by the way, I've got four 491 00:22:00,080 --> 00:22:02,360 Speaker 2: day of work weeks. Oh and by the way, I'm 492 00:22:02,359 --> 00:22:04,480 Speaker 2: doing good in the world. Like if you are able 493 00:22:04,520 --> 00:22:08,320 Speaker 2: to do that, then you have reached career nirvana basically. 494 00:22:08,760 --> 00:22:10,720 Speaker 2: But that's not always going to be the case. And 495 00:22:10,720 --> 00:22:12,760 Speaker 2: it is okay for you to just work a job 496 00:22:12,800 --> 00:22:15,040 Speaker 2: and earn an income simply because it allows you to 497 00:22:15,080 --> 00:22:16,639 Speaker 2: do the thing that you love when you're not working. 498 00:22:16,640 --> 00:22:18,280 Speaker 2: That's one of the one of the things we talked 499 00:22:18,280 --> 00:22:20,639 Speaker 2: about with Cimo. And so, yeah, if you are finding 500 00:22:20,640 --> 00:22:23,800 Speaker 2: yourself in a position to where you're like, guys, I'm 501 00:22:23,800 --> 00:22:25,280 Speaker 2: not going to start my own business. That's just not 502 00:22:25,320 --> 00:22:27,840 Speaker 2: how I'm wired. Go back and listen to his episode, 503 00:22:27,840 --> 00:22:30,879 Speaker 2: because I think that just the mindset and connecting. 504 00:22:30,840 --> 00:22:32,560 Speaker 1: What it is that you do, even if you are 505 00:22:32,600 --> 00:22:33,000 Speaker 1: just a. 506 00:22:32,920 --> 00:22:35,560 Speaker 2: Real small cog and a giant machine, being able to 507 00:22:35,600 --> 00:22:38,639 Speaker 2: connect that, I think to the larger mission or whatever 508 00:22:38,720 --> 00:22:41,800 Speaker 2: it is that that company is doing, is paramount to 509 00:22:42,400 --> 00:22:43,840 Speaker 2: essentially finding your place within. 510 00:22:43,680 --> 00:22:46,840 Speaker 1: That organization, even just being an asset to the co 511 00:22:46,960 --> 00:22:50,080 Speaker 1: workers who you work work with directly or the customers 512 00:22:50,119 --> 00:22:53,680 Speaker 1: you come in con relationship internally. There's a way externally. Yeah, yeah, 513 00:22:53,680 --> 00:22:56,840 Speaker 1: there's a way to make ice cream cones at Coldstone 514 00:22:56,840 --> 00:23:00,360 Speaker 1: Creamery to and do it with like this mission sort 515 00:23:00,400 --> 00:23:02,399 Speaker 1: of sort of approach. And there's a way to do 516 00:23:02,560 --> 00:23:05,840 Speaker 1: sweeping floors. Yeah, you know anything. Yeah, so part of it, Yeah, 517 00:23:05,840 --> 00:23:08,040 Speaker 1: it really, it really does come down to the way 518 00:23:08,080 --> 00:23:10,240 Speaker 1: we perceive what we're doing. All right, let's talk about housing. 519 00:23:10,240 --> 00:23:13,119 Speaker 1: Matt Zillow is currently offering they just started offering this 520 00:23:13,160 --> 00:23:15,720 Speaker 1: s a one percent down payment option for buyers. This 521 00:23:16,240 --> 00:23:18,919 Speaker 1: is only available in Arizona at the moment. But I 522 00:23:18,920 --> 00:23:22,520 Speaker 1: would say this is not a good thing, right, go wrong? Right, Hey, 523 00:23:22,520 --> 00:23:24,720 Speaker 1: homes are getting more affordable, how about you bring less 524 00:23:24,760 --> 00:23:28,200 Speaker 1: to the table, And maybe that's the solution. Probably not right. 525 00:23:28,280 --> 00:23:31,119 Speaker 1: And so to qualify for the Zillo Super Low down 526 00:23:31,160 --> 00:23:33,879 Speaker 1: Payment option, borrowers must be first time home buyers, they 527 00:23:33,960 --> 00:23:36,840 Speaker 1: must complete an education course on home ownership and intend 528 00:23:36,920 --> 00:23:39,960 Speaker 1: to occupy the property as their primary single family residents. 529 00:23:40,480 --> 00:23:42,720 Speaker 1: But folks with a credit score as low as six 530 00:23:42,840 --> 00:23:46,000 Speaker 1: twenty can qualify for this new reduced down payment loan. 531 00:23:46,320 --> 00:23:48,880 Speaker 1: And so, yeah, I think it's going to incentivize more 532 00:23:48,880 --> 00:23:51,560 Speaker 1: people to buy in a market that really isn't all 533 00:23:51,560 --> 00:23:53,560 Speaker 1: that great for home buyers right now, with you know, 534 00:23:53,640 --> 00:23:56,680 Speaker 1: increased interest rates and increased home prices. But are those 535 00:23:56,720 --> 00:23:59,640 Speaker 1: people actually prepared from a personal finance standpoint, I think 536 00:23:59,680 --> 00:24:02,000 Speaker 1: you and I I would say, probably not right. We want, 537 00:24:02,240 --> 00:24:04,639 Speaker 1: we would ideally want people to bring twenty percent down 538 00:24:04,680 --> 00:24:07,359 Speaker 1: to the table when they're buying a house, although less 539 00:24:07,560 --> 00:24:09,960 Speaker 1: is okay, especially if you're seeing a first time home buyer. 540 00:24:10,080 --> 00:24:12,440 Speaker 1: But the less you put down means the more you're financing. 541 00:24:12,440 --> 00:24:14,639 Speaker 1: You're financing a lot more, and with rates being in 542 00:24:14,680 --> 00:24:17,159 Speaker 1: the seven and a half percent range, now that's going 543 00:24:17,200 --> 00:24:21,160 Speaker 1: to impact a monthly payment significantly. So we would say, 544 00:24:21,720 --> 00:24:23,600 Speaker 1: if you can only afford to bring one percent down, 545 00:24:23,720 --> 00:24:25,399 Speaker 1: you're not quite ready to buy. A house, yet you 546 00:24:25,440 --> 00:24:28,359 Speaker 1: should be saving up for longer. Yeah. Absolutely, And we 547 00:24:28,440 --> 00:24:31,360 Speaker 1: are all about financial education, but I think going through 548 00:24:31,359 --> 00:24:35,000 Speaker 1: an education course, does that change your income overnight? No? 549 00:24:35,280 --> 00:24:36,920 Speaker 1: Does that change how much money you've got stocked away 550 00:24:36,920 --> 00:24:37,880 Speaker 1: in a save musicount? No? 551 00:24:37,880 --> 00:24:40,200 Speaker 2: No, It's good to have some of this knowledge on hand. 552 00:24:40,200 --> 00:24:42,600 Speaker 2: But I'm not going to knock them for educating folks. 553 00:24:42,640 --> 00:24:44,639 Speaker 2: I think that that's great, but it doesn't change the 554 00:24:44,720 --> 00:24:48,600 Speaker 2: immediate reality. And that's basically what they're facing, something immediate 555 00:24:48,640 --> 00:24:50,320 Speaker 2: like they are. The reason they're taking that course is 556 00:24:50,320 --> 00:24:52,440 Speaker 2: because they want to get that one percent down mortgage, 557 00:24:52,480 --> 00:24:56,160 Speaker 2: and so it the solution isn't to necessarily lower standards. 558 00:24:56,880 --> 00:24:59,680 Speaker 2: Rates on thirty year mortgages are creeping up closer to 559 00:24:59,720 --> 00:25:01,480 Speaker 2: seven and a half percent, Joel, Like you said, that 560 00:25:01,600 --> 00:25:04,480 Speaker 2: is a far cry from where they were just eighteen 561 00:25:04,520 --> 00:25:07,159 Speaker 2: months ago. And there is an article in Fortune that 562 00:25:07,240 --> 00:25:12,040 Speaker 2: highlight highlighted the marry the home date, the rate phenomena, philosophy, whatever, 563 00:25:12,400 --> 00:25:16,439 Speaker 2: that homeowners are succumbing to these days. They're buying a 564 00:25:16,480 --> 00:25:18,320 Speaker 2: home that they might not feel like that they can 565 00:25:18,359 --> 00:25:21,600 Speaker 2: afford for all that long at these super high interest rates, 566 00:25:21,920 --> 00:25:24,760 Speaker 2: hoping that they'll be able to refinance shortly and seriously 567 00:25:24,800 --> 00:25:25,919 Speaker 2: lower their payments, and. 568 00:25:26,000 --> 00:25:28,560 Speaker 1: Realtors are often feeding that advice to that which by 569 00:25:28,600 --> 00:25:31,399 Speaker 1: it you could refinance later. It'll be fine. Misalignment of 570 00:25:32,000 --> 00:25:35,359 Speaker 1: incentives right there so the time. And I'm not throwing 571 00:25:35,400 --> 00:25:37,359 Speaker 1: realtors in the bay. I'm just saying like that is, 572 00:25:37,440 --> 00:25:39,200 Speaker 1: of course some sort of advice. 573 00:25:39,359 --> 00:25:42,920 Speaker 2: Filtors and mortgage underwriters, all the folks who are who 574 00:25:42,920 --> 00:25:46,159 Speaker 2: are understandably so like they're feeling the pinch as the 575 00:25:46,200 --> 00:25:49,240 Speaker 2: housing market has what feels like grinding to a halt. 576 00:25:49,600 --> 00:25:51,920 Speaker 2: The times so they publish an article a week interviewing 577 00:25:51,920 --> 00:25:54,920 Speaker 2: some economists about their predictions of where they think rates 578 00:25:54,920 --> 00:25:57,760 Speaker 2: are going to be going from here. So they do 579 00:25:57,800 --> 00:26:00,920 Speaker 2: see meaningful declines coming by the end of next year, evidently, 580 00:26:01,200 --> 00:26:03,000 Speaker 2: but they say rates will still start with a five 581 00:26:03,480 --> 00:26:06,159 Speaker 2: so that's still pretty high. Like I think a lot 582 00:26:06,200 --> 00:26:09,200 Speaker 2: of times folks are thinking, oh, man, before long, it's 583 00:26:09,200 --> 00:26:09,960 Speaker 2: going to be back down. 584 00:26:09,800 --> 00:26:11,199 Speaker 1: To three and a half percent, just like it was 585 00:26:11,280 --> 00:26:13,720 Speaker 1: two point. Can't wait to refin into that. I think 586 00:26:13,760 --> 00:26:17,560 Speaker 1: that that's gonna happen. Guys like it, mice, but I don't. 587 00:26:17,720 --> 00:26:19,480 Speaker 1: I don't. I'm not going to make any predictions. 588 00:26:19,480 --> 00:26:21,320 Speaker 2: And I can't believe there are even a comomists out 589 00:26:21,320 --> 00:26:24,720 Speaker 2: there who they're willing to get on record to make predictions. 590 00:26:24,960 --> 00:26:28,760 Speaker 2: But just be careful out there making such gargantuan decisions 591 00:26:28,800 --> 00:26:31,320 Speaker 2: like this, these huge purchases that involved something like a 592 00:26:31,359 --> 00:26:33,760 Speaker 2: home hoping for rate drops that are gonna help make 593 00:26:33,760 --> 00:26:34,680 Speaker 2: it affordable in the future. 594 00:26:34,720 --> 00:26:37,200 Speaker 1: Yeah, if you can't afford it now, I would think 595 00:26:37,200 --> 00:26:38,760 Speaker 1: of it as icing on the cake. If you can 596 00:26:38,800 --> 00:26:41,680 Speaker 1: refinance and lower your mortgage rate by a point and 597 00:26:41,680 --> 00:26:44,680 Speaker 1: a half, let's say twelve eighteen months from now, that's great, 598 00:26:44,920 --> 00:26:47,240 Speaker 1: but don't bank on it, right. That's the problem. And 599 00:26:47,359 --> 00:26:48,879 Speaker 1: when you say marry the home date to rate, that's 600 00:26:48,920 --> 00:26:51,000 Speaker 1: what it implies is like, cool, you get the home 601 00:26:51,040 --> 00:26:52,800 Speaker 1: you want now, you'll always get a lower rate in 602 00:26:52,840 --> 00:26:54,840 Speaker 1: the future, but you might not, right, And so you 603 00:26:54,880 --> 00:26:57,280 Speaker 1: don't want to count your chickens before they hatch. That's 604 00:26:57,320 --> 00:26:59,600 Speaker 1: an old school farm praise math and am using. Let's 605 00:26:59,600 --> 00:27:02,720 Speaker 1: talk about homeowners insurance because there was an interesting article 606 00:27:02,760 --> 00:27:04,840 Speaker 1: in the Wall Street Journal talking about how where Americans 607 00:27:04,840 --> 00:27:08,760 Speaker 1: are ditching homeowners insurance altogether as prices on homeowners insurance 608 00:27:08,800 --> 00:27:11,320 Speaker 1: are going through the roof bank Rate says that rates 609 00:27:11,359 --> 00:27:14,800 Speaker 1: are up about twenty percent nationwide, and most lenders actually 610 00:27:14,800 --> 00:27:16,720 Speaker 1: require you to have insurance on the property when you 611 00:27:16,760 --> 00:27:19,040 Speaker 1: have a mortgage. So just because rates go up, you 612 00:27:19,040 --> 00:27:22,320 Speaker 1: don't have the ability to kind of say cancel, I 613 00:27:22,359 --> 00:27:25,400 Speaker 1: don't like how expensive this has gotten, because your mortgage 614 00:27:25,480 --> 00:27:27,480 Speaker 1: lender is going to say, Okay, we just bought it 615 00:27:27,520 --> 00:27:30,080 Speaker 1: for you, and now we're billing it, billing you for it, right, 616 00:27:30,359 --> 00:27:32,600 Speaker 1: So that that's called force place insurance. 617 00:27:32,880 --> 00:27:35,680 Speaker 2: And so it's like it's I see it as almost 618 00:27:35,720 --> 00:27:38,480 Speaker 2: like Cobra insurance, where it's it's like the temporary kind 619 00:27:38,480 --> 00:27:40,280 Speaker 2: of was not a temporary let's just going to stay 620 00:27:40,359 --> 00:27:42,280 Speaker 2: there until you get your own insurance. And oftentimes you 621 00:27:42,320 --> 00:27:44,080 Speaker 2: are paying more like you are with Cobra, kind of 622 00:27:44,080 --> 00:27:44,879 Speaker 2: paying nothing nose for us. 623 00:27:44,920 --> 00:27:46,680 Speaker 1: Yes, better for you to go out and buy your 624 00:27:46,680 --> 00:27:49,280 Speaker 1: own insurance, even though it's gotten more expensive. Right. And 625 00:27:49,320 --> 00:27:54,280 Speaker 1: so other people who own their own home outright, they 626 00:27:54,320 --> 00:27:55,880 Speaker 1: do have the ability to decide whether or not they 627 00:27:55,880 --> 00:27:58,639 Speaker 1: want home insurance. And more and more people are saying nah. 628 00:27:58,880 --> 00:28:01,639 Speaker 1: And you might say, who in the worlds are these people? 629 00:28:01,680 --> 00:28:03,560 Speaker 1: And how many people actually have paid off home well 630 00:28:03,640 --> 00:28:05,520 Speaker 1: somewhere close to thirty percent of homes in the US 631 00:28:05,520 --> 00:28:07,080 Speaker 1: are owned free and clear, which is kind of crazy 632 00:28:07,119 --> 00:28:09,399 Speaker 1: to think about. And almost half of these folks, twelve 633 00:28:09,440 --> 00:28:12,320 Speaker 1: percent of people, twelve percent of home motor nationwide are 634 00:28:12,359 --> 00:28:16,320 Speaker 1: foregoing insurance on their home. So the thing is, though, Matt, 635 00:28:16,359 --> 00:28:19,240 Speaker 1: that puts them in a really financially precarious position right. 636 00:28:19,400 --> 00:28:21,320 Speaker 1: A lot of these folks, they don't have the cash 637 00:28:21,359 --> 00:28:24,159 Speaker 1: on hand to rebuild their home from scratch. They're just 638 00:28:24,160 --> 00:28:27,479 Speaker 1: crossing their fingers and hoping that disaster doesn't strike. And 639 00:28:27,520 --> 00:28:30,600 Speaker 1: so what we would suggest is increasing your deductibles and 640 00:28:30,640 --> 00:28:33,959 Speaker 1: self ensuring more. That's the better option unless you actually 641 00:28:33,960 --> 00:28:36,919 Speaker 1: do have a paidoff home and just significant amounts of 642 00:28:36,960 --> 00:28:39,640 Speaker 1: cash at your disposal, more than enough to rebuild with 643 00:28:39,680 --> 00:28:42,640 Speaker 1: no sweat off your back. Otherwise, this is just one 644 00:28:42,680 --> 00:28:44,400 Speaker 1: of those areas where there's a lot of kinds of 645 00:28:44,440 --> 00:28:47,480 Speaker 1: insurance that we actually advise you to forego. All together, 646 00:28:47,520 --> 00:28:49,520 Speaker 1: there's a lot of like crappy kinds of insurance are 647 00:28:49,560 --> 00:28:53,320 Speaker 1: unnecessary kinds of insurance. Homeowners insurance is not one of those. 648 00:28:53,400 --> 00:28:55,720 Speaker 1: And even though the price tag has gone up, shop around, 649 00:28:55,840 --> 00:28:58,840 Speaker 1: yes and raise your deductible, but don't drop it all together. 650 00:28:58,880 --> 00:28:59,160 Speaker 1: That's right. 651 00:28:59,240 --> 00:29:02,520 Speaker 2: Check out Policy, Just check out Trusted Choice. These are 652 00:29:02,640 --> 00:29:06,280 Speaker 2: great resources for you to find affordable but also legit 653 00:29:06,800 --> 00:29:09,640 Speaker 2: insurance that you need to have. This is classic frugal 654 00:29:09,720 --> 00:29:11,480 Speaker 2: versus cheap man Like, if you were to four go 655 00:29:11,720 --> 00:29:14,920 Speaker 2: having insurance on something as expensive as a home, I 656 00:29:14,920 --> 00:29:17,320 Speaker 2: think you're gonna end up making a cheap decision there. 657 00:29:17,600 --> 00:29:21,840 Speaker 2: Final story Wirecutter. They just published an article saying that 658 00:29:21,880 --> 00:29:24,520 Speaker 2: the worst time to buy an iPhone is basically right now, 659 00:29:25,080 --> 00:29:27,760 Speaker 2: and they're definitely right because Apple they just was it 660 00:29:27,800 --> 00:29:29,880 Speaker 2: earlier this week. They announce that they're gonna launch the 661 00:29:29,960 --> 00:29:33,720 Speaker 2: iPhone fifteen later this month, and at that very moment, 662 00:29:33,840 --> 00:29:37,479 Speaker 2: the iPhone fourteen is going to receive an instant price cut. 663 00:29:37,840 --> 00:29:40,240 Speaker 1: So if you care about your money, you're gonna want 664 00:29:40,240 --> 00:29:43,400 Speaker 1: to wait just a few short weeks before you upgrade. 665 00:29:44,120 --> 00:29:45,760 Speaker 1: And if you really care about your money, then you'll 666 00:29:45,760 --> 00:29:48,760 Speaker 1: opt to go with an older model, not because you're 667 00:29:48,840 --> 00:29:52,360 Speaker 1: waiting to get the most premium latest gadget, but because 668 00:29:52,400 --> 00:29:55,200 Speaker 1: you're waiting for that thing to go on sale. We 669 00:29:55,240 --> 00:29:58,760 Speaker 1: are in the era basically of incremental changes to cell phones, 670 00:29:59,240 --> 00:30:00,960 Speaker 1: and man, I think one of those older models like 671 00:30:01,000 --> 00:30:03,040 Speaker 1: an iPhone thirteen IFO fourteen. I think both of those. 672 00:30:03,400 --> 00:30:06,560 Speaker 2: I'm a big fan of the ceramic shield glass that 673 00:30:06,640 --> 00:30:09,320 Speaker 2: is on those which are like three or four times 674 00:30:09,440 --> 00:30:12,520 Speaker 2: stronger than gorilla glass, help and protect your purchase. Yes, 675 00:30:12,920 --> 00:30:16,920 Speaker 2: those phones, they are still great, but cheaper options for you. 676 00:30:17,320 --> 00:30:19,240 Speaker 2: And by the way, opting to purchase an older model 677 00:30:19,440 --> 00:30:22,120 Speaker 2: at a retailer like best Buy or Amazon, that's going 678 00:30:22,200 --> 00:30:24,960 Speaker 2: to typically net you an even better price than going 679 00:30:25,000 --> 00:30:26,320 Speaker 2: directly to Apple. 680 00:30:26,760 --> 00:30:28,160 Speaker 1: But if you do that, just don't. 681 00:30:27,960 --> 00:30:29,680 Speaker 2: Listen to the pitches that they're going to give you 682 00:30:30,200 --> 00:30:32,640 Speaker 2: to snager free phone, but you just gotta sign up. 683 00:30:32,520 --> 00:30:33,720 Speaker 1: For two years worth of service. 684 00:30:33,880 --> 00:30:36,440 Speaker 2: We would rather see you pay for your actual hardware 685 00:30:36,440 --> 00:30:38,880 Speaker 2: and then save tons on service by going with one 686 00:30:38,920 --> 00:30:40,880 Speaker 2: of the one of the big discounters, whether it be 687 00:30:40,960 --> 00:30:44,560 Speaker 2: Mint Mobile. We've been looking into Google Fi recently. We're 688 00:30:44,600 --> 00:30:46,200 Speaker 2: looking at the ease of use in which you can 689 00:30:46,360 --> 00:30:49,600 Speaker 2: switch to international or upgrade your minutes if, for instance, 690 00:30:49,640 --> 00:30:51,880 Speaker 2: you're doing like international roaming that kind of thing. By 691 00:30:51,920 --> 00:30:54,239 Speaker 2: the way, we'll link to mac Rumors. They've got this 692 00:30:54,400 --> 00:30:58,240 Speaker 2: awesome Apple Buyer's guide where they have essentially timelines on 693 00:30:58,280 --> 00:31:02,719 Speaker 2: all the different Apple products. It's a surprisingly consistent because 694 00:31:03,160 --> 00:31:06,920 Speaker 2: a company like Apple, they're on these product released timelines 695 00:31:07,000 --> 00:31:10,400 Speaker 2: and their quarterly earnings are dependent on the success of 696 00:31:10,480 --> 00:31:12,920 Speaker 2: these different products. Like new iPhone always comes out in 697 00:31:12,960 --> 00:31:15,560 Speaker 2: the fall, same time every year. Basically, Yeah, so we'll 698 00:31:15,560 --> 00:31:17,800 Speaker 2: link to that, and that can help you to again 699 00:31:17,920 --> 00:31:20,840 Speaker 2: decide not when to buy the newest phone, but to 700 00:31:21,000 --> 00:31:23,560 Speaker 2: when to wait so that the one that's currently new 701 00:31:24,000 --> 00:31:26,760 Speaker 2: goes on sale because it's now old. Yeah, that's the 702 00:31:26,840 --> 00:31:27,840 Speaker 2: path path that we want you to do. 703 00:31:27,880 --> 00:31:29,959 Speaker 1: The same thing is true with Google phones with like 704 00:31:30,000 --> 00:31:32,160 Speaker 1: the Pixels, those come out in October. I think that's 705 00:31:32,160 --> 00:31:34,840 Speaker 1: when they're they're slated to announce their new Pixel eight 706 00:31:34,920 --> 00:31:37,320 Speaker 1: or whatever. And so the Pixel seven is gonna all 707 00:31:37,320 --> 00:31:39,440 Speaker 1: of a sudden become worth a lot less and much 708 00:31:39,520 --> 00:31:41,600 Speaker 1: cheaper for you. And guess what, it's still a really 709 00:31:41,640 --> 00:31:44,160 Speaker 1: good phone. So yeah, if you in fact, it was 710 00:31:44,160 --> 00:31:47,280 Speaker 1: cutting edge last year, in fact, it's cutting edge today, 711 00:31:47,360 --> 00:31:49,200 Speaker 1: it just won't be a month and a half from now. 712 00:31:49,440 --> 00:31:53,040 Speaker 1: But yeah, so hopefully that'll save you some bucks on 713 00:31:53,320 --> 00:31:55,760 Speaker 1: your your cell phone hardware, and hopefully you can save 714 00:31:55,760 --> 00:31:58,920 Speaker 1: some bucks on your cell phone service as well. But Matt, 715 00:31:58,960 --> 00:32:01,360 Speaker 1: that's going to do it for episode. We hope everybody 716 00:32:01,360 --> 00:32:03,880 Speaker 1: out there, We hope you guys have a great weekend, 717 00:32:03,920 --> 00:32:06,160 Speaker 1: a long weekend. In fact, hey, we'll still be back 718 00:32:06,200 --> 00:32:10,080 Speaker 1: here on Monday with a fresh ass kind of money episode. 719 00:32:10,080 --> 00:32:11,200 Speaker 1: So if you get the day off and you want 720 00:32:11,240 --> 00:32:12,840 Speaker 1: to listen to a podcast, well we'll still be here. 721 00:32:13,000 --> 00:32:13,560 Speaker 1: That's right, man. 722 00:32:13,600 --> 00:32:15,440 Speaker 2: So that's going to be it for this one. Until 723 00:32:15,600 --> 00:32:18,520 Speaker 2: next time. Best friends Out and best Friends Out.