1 00:00:00,080 --> 00:00:03,120 Speaker 1: Welcome to How to Money. I'm Joel and I'm Matt, 2 00:00:03,560 --> 00:00:26,240 Speaker 1: and today we're discussing creating a money roadmap. Joel, what's 3 00:00:26,320 --> 00:00:29,080 Speaker 1: up man? Happy New Year, Happy New Year to you, 4 00:00:29,320 --> 00:00:32,599 Speaker 1: Happy New Year to everyone listening. I hope everyone rang 5 00:00:32,640 --> 00:00:35,000 Speaker 1: it in in style. Unfortunately, our little neighborhood of East 6 00:00:35,040 --> 00:00:37,919 Speaker 1: Atlanta had fireworks at eight pm so I could take 7 00:00:37,960 --> 00:00:40,120 Speaker 1: the girls and didn't have to stay up too late. 8 00:00:40,200 --> 00:00:43,280 Speaker 1: And dude, that actually was organized by a dad in 9 00:00:43,320 --> 00:00:45,479 Speaker 1: the neighborhood. And I was talking to him a few 10 00:00:45,479 --> 00:00:47,199 Speaker 1: weeks ago, and he was talking about how it was 11 00:00:47,280 --> 00:00:49,800 Speaker 1: his intention to be able to have a firework show, 12 00:00:50,000 --> 00:00:51,760 Speaker 1: and before that to go out to eat with his family, 13 00:00:52,120 --> 00:00:55,120 Speaker 1: and so boom, you got dinner with the family, fireworks show, 14 00:00:55,240 --> 00:00:57,560 Speaker 1: then off to bed, get those kids to sleep, you know, 15 00:00:57,640 --> 00:01:01,400 Speaker 1: before the actual real shenanigans, and my and myself to sleep. 16 00:01:01,480 --> 00:01:03,279 Speaker 1: Let's be honest, man, I mean you know, I got 17 00:01:03,320 --> 00:01:06,160 Speaker 1: to bed early. I got a earl. Hey, it's the 18 00:01:06,160 --> 00:01:08,280 Speaker 1: new year. We're we gotta kick off that duo lingo 19 00:01:08,680 --> 00:01:11,120 Speaker 1: challenge each other to that Spanish off. Oh good point. 20 00:01:11,200 --> 00:01:12,959 Speaker 1: How do we measure the results of something like that? 21 00:01:13,080 --> 00:01:14,679 Speaker 1: I don't I haven't looked into it yet, so yeah, 22 00:01:14,680 --> 00:01:16,480 Speaker 1: well we talked about that in a recent episode where 23 00:01:16,880 --> 00:01:19,160 Speaker 1: amazing free apps that exists out there to learn stuff 24 00:01:19,200 --> 00:01:21,640 Speaker 1: and and too lingoes one of them. I'm sure most 25 00:01:21,640 --> 00:01:22,880 Speaker 1: people out there have heard of it. But you can 26 00:01:22,959 --> 00:01:26,080 Speaker 1: learn a language for free, which is incredible and just 27 00:01:26,360 --> 00:01:28,440 Speaker 1: a game changer. Falls in your court though, So kick 28 00:01:28,480 --> 00:01:30,960 Speaker 1: it off, challenge me, and uh, we'll see see where 29 00:01:30,959 --> 00:01:32,360 Speaker 1: it goes. Do they have like a Words with Friends 30 00:01:32,360 --> 00:01:35,039 Speaker 1: mode on Dual? Then yeah, well that's actually what I 31 00:01:35,160 --> 00:01:37,480 Speaker 1: want to do, right, Yeah, I wanted to do it 32 00:01:37,520 --> 00:01:39,640 Speaker 1: like the old school game boy with the Tetris and 33 00:01:39,640 --> 00:01:41,760 Speaker 1: you could link them. There we go and take the 34 00:01:41,760 --> 00:01:43,960 Speaker 1: little plug and connected to game boys. Do you know 35 00:01:44,000 --> 00:01:46,479 Speaker 1: what I'm talking about for sure? Yeah? All right, we'll 36 00:01:46,480 --> 00:01:48,520 Speaker 1: see what we can do. It takes me back, all right, Joel. 37 00:01:48,520 --> 00:01:50,960 Speaker 1: And then before we get into the beer, we've got 38 00:01:51,000 --> 00:01:55,000 Speaker 1: a friend of the show, a listener, David out in Seattle. 39 00:01:55,280 --> 00:01:58,559 Speaker 1: He responded to one of our posts about a recent 40 00:01:58,640 --> 00:02:01,640 Speaker 1: episode where we talked about it's how their secondary costs 41 00:02:02,120 --> 00:02:05,880 Speaker 1: associated with pretty much any purchase, and dude, he put 42 00:02:05,920 --> 00:02:10,280 Speaker 1: together a pretty sweet little spreadsheet comparing the secondary costs 43 00:02:10,280 --> 00:02:15,480 Speaker 1: associated with owning a car in Seattle versus all the 44 00:02:15,560 --> 00:02:19,800 Speaker 1: costs associated with him using alternative commuting methods and so 45 00:02:19,919 --> 00:02:24,200 Speaker 1: everything from you know bike maintenance to you know ubers 46 00:02:24,240 --> 00:02:26,320 Speaker 1: to lift zip cars, I guess if they're if they're 47 00:02:26,320 --> 00:02:28,639 Speaker 1: going out of town, that sort of thing. And did 48 00:02:28,639 --> 00:02:31,640 Speaker 1: you see that? Yeah? I appreciated his thoughtfulness in kind 49 00:02:31,639 --> 00:02:33,440 Speaker 1: of listening it all out. And it wasn't any super 50 00:02:33,480 --> 00:02:36,399 Speaker 1: fancy spreadsheet or anything like that. It was basic. But 51 00:02:36,720 --> 00:02:38,160 Speaker 1: you know what it did the it did the job. 52 00:02:38,360 --> 00:02:40,960 Speaker 1: It helped him to see that over five years time, 53 00:02:41,240 --> 00:02:44,119 Speaker 1: if he were to go with buying even a used car, 54 00:02:44,200 --> 00:02:48,040 Speaker 1: even a pretty inexpensive used car, five thousand dollar used car, yeah, 55 00:02:48,120 --> 00:02:50,760 Speaker 1: versus alternative commuting options, and it turned out that he 56 00:02:50,760 --> 00:02:53,720 Speaker 1: would save twenty two thousand dollars over a five year 57 00:02:53,760 --> 00:02:56,920 Speaker 1: time period by alternative commuting instead of even buying that 58 00:02:57,000 --> 00:02:59,920 Speaker 1: super cheap used car. So yeah, I love that he 59 00:03:00,120 --> 00:03:01,840 Speaker 1: ran the numbers and took the time to think through 60 00:03:01,880 --> 00:03:04,440 Speaker 1: the secondary cost because the five thousand dollar used car 61 00:03:04,639 --> 00:03:07,040 Speaker 1: that sounds cheap. You got a deal. You're not spending 62 00:03:07,040 --> 00:03:10,280 Speaker 1: hardly anything on transportation. You feel like you're you've conquered 63 00:03:10,280 --> 00:03:12,560 Speaker 1: the world. At that point, right, Yeah, common wisdom says 64 00:03:12,639 --> 00:03:14,359 Speaker 1: if you buy a five thousand dollar used car and 65 00:03:14,440 --> 00:03:16,280 Speaker 1: keep it for five years, you've done a really good job. 66 00:03:16,320 --> 00:03:19,120 Speaker 1: You're that's a frugal win, right for you, and for 67 00:03:19,160 --> 00:03:21,160 Speaker 1: most people that that's true. I think, I think, you know, 68 00:03:21,200 --> 00:03:23,760 Speaker 1: buying a cheap used car is a good way to go. 69 00:03:24,160 --> 00:03:26,520 Speaker 1: But for David and where he lives and his lifestyle 70 00:03:26,800 --> 00:03:29,680 Speaker 1: and his priorities, how much money he can save in 71 00:03:29,720 --> 00:03:32,840 Speaker 1: just five years by alternative commuting versus buying even that 72 00:03:32,919 --> 00:03:35,640 Speaker 1: cheap used car, it was pretty impressive. I lovely he 73 00:03:35,640 --> 00:03:38,080 Speaker 1: took the time to go through the numbers and and 74 00:03:38,160 --> 00:03:41,960 Speaker 1: draw conclusion and informed conclusion. And that's exactly what we 75 00:03:41,840 --> 00:03:44,960 Speaker 1: were talking about on the secondary cost episode, and just 76 00:03:45,120 --> 00:03:47,440 Speaker 1: knowing what you're getting into before you make the purchase. 77 00:03:47,640 --> 00:03:50,160 Speaker 1: I mean, that's right. So kudos to David for for 78 00:03:50,200 --> 00:03:53,320 Speaker 1: doing that and sharing that on Twitter. If you're on Twitter, 79 00:03:53,560 --> 00:03:55,640 Speaker 1: be sure to give us a follow. We are how 80 00:03:55,760 --> 00:03:58,120 Speaker 1: Some Money pod for the podcast, but then we've got 81 00:03:58,120 --> 00:04:01,040 Speaker 1: our individual accounts as well. I am how Some Money, Matt, 82 00:04:01,520 --> 00:04:04,760 Speaker 1: and obviously Joel is how Some Money. Joel. I was 83 00:04:04,800 --> 00:04:06,480 Speaker 1: had the money Frank, but I changed it up because 84 00:04:06,520 --> 00:04:09,320 Speaker 1: it didn't make any sense, surprise, But yeah, give us 85 00:04:09,360 --> 00:04:11,520 Speaker 1: a follow on there, and we try to interact with 86 00:04:11,520 --> 00:04:14,240 Speaker 1: everyone there and kind of share our thoughts things that 87 00:04:14,280 --> 00:04:16,919 Speaker 1: aren't necessarily worth talking about on the podcast, but we'll 88 00:04:17,440 --> 00:04:20,480 Speaker 1: mentioned stuff out there and various other things too, like 89 00:04:20,760 --> 00:04:23,640 Speaker 1: Aline United soccer, yeah, or tweeting us what your favorite 90 00:04:23,680 --> 00:04:27,440 Speaker 1: brewery is. Actually we do a lot of that, and 91 00:04:27,480 --> 00:04:30,000 Speaker 1: so on that note, we want to also think David 92 00:04:30,080 --> 00:04:33,560 Speaker 1: for sending out the Thick Coffee Porter and that's th 93 00:04:33,760 --> 00:04:36,440 Speaker 1: h I c c is how they spell thick. I 94 00:04:36,440 --> 00:04:38,000 Speaker 1: don't know what that means, but I love it. And 95 00:04:38,040 --> 00:04:41,320 Speaker 1: this is by Urban Family Brewing Company. What is so 96 00:04:41,360 --> 00:04:44,200 Speaker 1: incredibly awesome about David is that he sent along not 97 00:04:44,240 --> 00:04:47,000 Speaker 1: only this beer, but you send along two pounds of 98 00:04:47,080 --> 00:04:50,800 Speaker 1: coffee that this quarter was brewed with. And this is 99 00:04:50,960 --> 00:04:54,599 Speaker 1: coffee that he roasted himself, because he's the head roaster 100 00:04:54,920 --> 00:04:57,200 Speaker 1: at the coffee company that he works at, Street Bean 101 00:04:57,279 --> 00:05:00,680 Speaker 1: Coffee Roasters in Seattle. And I had had some of 102 00:05:00,760 --> 00:05:04,880 Speaker 1: his coffee this morning, Yeah, in cold brew form, because 103 00:05:04,880 --> 00:05:07,600 Speaker 1: that's how I drink mostly in the morns. Yeah, even 104 00:05:07,600 --> 00:05:09,440 Speaker 1: in the winter, even in the winter. Dude, what is 105 00:05:09,480 --> 00:05:11,480 Speaker 1: wrong with you pushing through it. I'm weird like that, 106 00:05:11,560 --> 00:05:16,200 Speaker 1: what a freak? Yeah, so cold brew coffee. It was delicious. 107 00:05:16,240 --> 00:05:18,640 Speaker 1: It was a little lighter in body. Yeah. I think 108 00:05:18,640 --> 00:05:21,440 Speaker 1: it was a medium roast, so it's not like this hardy, dark, 109 00:05:21,800 --> 00:05:24,960 Speaker 1: super smokey roast. It was a real subtle, delicate kind 110 00:05:24,960 --> 00:05:26,960 Speaker 1: of coffee, which was Man, that's a nice way to 111 00:05:26,960 --> 00:05:28,920 Speaker 1: switch it up. But it's still had like a lot 112 00:05:29,000 --> 00:05:31,840 Speaker 1: of interesting flavor profile notes. Even though it was a 113 00:05:31,920 --> 00:05:34,160 Speaker 1: lighter roast, it had a lot going on. And I am, 114 00:05:34,160 --> 00:05:36,800 Speaker 1: by no means a coffee expert, but I really appreciated 115 00:05:36,839 --> 00:05:38,919 Speaker 1: it. It It was really good and I'm really kind of 116 00:05:38,960 --> 00:05:42,000 Speaker 1: excited to see how that coffee influences the taste of 117 00:05:42,040 --> 00:05:43,960 Speaker 1: this beer too. And before you drink it, don't drink 118 00:05:44,000 --> 00:05:46,039 Speaker 1: you edgel. We have to drink it together, dang it. 119 00:05:46,160 --> 00:05:49,400 Speaker 1: Hold On, I wanted to share that the roster that 120 00:05:49,440 --> 00:05:51,719 Speaker 1: he works form, so it's in Seattle, right. We mentioned 121 00:05:51,720 --> 00:05:55,520 Speaker 1: that they specifically are a nonprofit and they provide street 122 00:05:55,560 --> 00:05:59,960 Speaker 1: involved young adults apprenticeships where they are trained and employed 123 00:06:00,440 --> 00:06:03,719 Speaker 1: to be baristas while seeking to exit street life. I 124 00:06:03,720 --> 00:06:05,600 Speaker 1: mean that's straight from their website. I think that's an 125 00:06:05,600 --> 00:06:08,240 Speaker 1: incredible mission, you know, to have a coffee company, which 126 00:06:08,240 --> 00:06:12,120 Speaker 1: are typically for profit, normal companies, but instead they're sort 127 00:06:12,120 --> 00:06:14,520 Speaker 1: of taking a different approach and and finding a way 128 00:06:14,520 --> 00:06:17,760 Speaker 1: to better their community through this business and finding a 129 00:06:17,800 --> 00:06:20,039 Speaker 1: way to impact the lives of those around them that 130 00:06:20,040 --> 00:06:21,840 Speaker 1: are in need. I think it's amazing. Yeah, we did 131 00:06:21,880 --> 00:06:25,760 Speaker 1: that recent episode two on meaningful work. What an amazing 132 00:06:25,800 --> 00:06:28,400 Speaker 1: way to help somebody for the long haul, right is 133 00:06:28,440 --> 00:06:32,800 Speaker 1: to help them find meaningful work. Training and employing someone 134 00:06:33,279 --> 00:06:35,880 Speaker 1: in a meaningful way is so powerful in impacting the 135 00:06:35,960 --> 00:06:38,640 Speaker 1: overall trajectory of their lives. What a cool thing that 136 00:06:38,760 --> 00:06:41,360 Speaker 1: David and his company, Street Being Coffee Roasters are doing. 137 00:06:41,560 --> 00:06:43,440 Speaker 1: Will post a link in the show notes to to 138 00:06:43,520 --> 00:06:44,960 Speaker 1: their website so you can kind of check it out 139 00:06:44,960 --> 00:06:47,880 Speaker 1: a little bit more. But I think it's amazing and beautiful. 140 00:06:48,360 --> 00:06:52,040 Speaker 1: So again, this is Thick Coffee Porter by Urban Family 141 00:06:52,040 --> 00:06:54,640 Speaker 1: Brewing Company. Urban Family. I actually hopped over on their 142 00:06:54,640 --> 00:06:57,680 Speaker 1: Instagram account and I saw this crazy, the craziest looking 143 00:06:57,680 --> 00:06:59,400 Speaker 1: beer I've ever seen in my life on their feed. 144 00:07:00,160 --> 00:07:02,000 Speaker 1: It was a beer with glitter in it. And you 145 00:07:02,000 --> 00:07:04,920 Speaker 1: and I were just talking about trolls like the movie, 146 00:07:04,960 --> 00:07:07,679 Speaker 1: and there's like glitter, like our girls are into trolls, 147 00:07:08,600 --> 00:07:11,280 Speaker 1: and then they got the glitter farts. Yeah, I mean, 148 00:07:11,320 --> 00:07:13,920 Speaker 1: among other things, it's a ridiculous movie, but they think 149 00:07:13,920 --> 00:07:15,680 Speaker 1: that's like the funniest thing of all time when the 150 00:07:15,720 --> 00:07:17,960 Speaker 1: trolls fart glitter. But I've heard of this, and I 151 00:07:17,960 --> 00:07:19,640 Speaker 1: didn't know this was a real thing, but they had 152 00:07:19,680 --> 00:07:24,400 Speaker 1: a beer that they put edible glitter in five of 153 00:07:24,400 --> 00:07:26,880 Speaker 1: their beers. They did it like Willy Wonka style, And 154 00:07:26,960 --> 00:07:28,600 Speaker 1: so if you get one of their beers and you 155 00:07:28,640 --> 00:07:31,040 Speaker 1: pour it and it had glitter in it, to report 156 00:07:31,040 --> 00:07:33,080 Speaker 1: to them immediately because you won like a rare rely 157 00:07:33,160 --> 00:07:36,000 Speaker 1: spar and some other things that they're going out not 158 00:07:36,080 --> 00:07:39,680 Speaker 1: too long ago. Isn't that crazy? That's really cool idea. Yeah, 159 00:07:39,680 --> 00:07:41,400 Speaker 1: I'm not sure how often I would want to drink 160 00:07:41,480 --> 00:07:43,760 Speaker 1: edible glitter, but the fact that you get to actually 161 00:07:44,120 --> 00:07:47,480 Speaker 1: potentially pour beer and realize that you're a winner. Charlie 162 00:07:47,520 --> 00:07:50,120 Speaker 1: and the Chocolate Factory style, I think that's super cool. 163 00:07:50,160 --> 00:07:52,160 Speaker 1: That caught my eye and I loved it. Don't say 164 00:07:52,240 --> 00:07:54,200 Speaker 1: Charlie and the Chocolate Factory. That was the remake with 165 00:07:54,280 --> 00:07:55,840 Speaker 1: Johnny Depp, and it was terrible, you know, like the 166 00:07:56,000 --> 00:07:58,360 Speaker 1: one I thought it was. Okay, dude, Now Willy Wonka 167 00:07:58,400 --> 00:08:01,280 Speaker 1: and the Chocolate Factory, well, the whole horizontal elevator. When 168 00:08:01,280 --> 00:08:02,880 Speaker 1: a movie is one of your favorites of all time, 169 00:08:02,960 --> 00:08:04,760 Speaker 1: like the remake, can't do it justice no matter what. 170 00:08:04,880 --> 00:08:06,280 Speaker 1: I went in with a closed mind to see in 171 00:08:06,320 --> 00:08:09,360 Speaker 1: that movie. Okay, that's why. All right, Matt. So, now 172 00:08:09,440 --> 00:08:12,239 Speaker 1: that we told people about the beer, this thick Coffee 173 00:08:12,320 --> 00:08:14,840 Speaker 1: Porter by Urban Family Brewing Company, give me one word 174 00:08:14,840 --> 00:08:17,680 Speaker 1: you would use to describe it. My single word is black. 175 00:08:18,760 --> 00:08:20,760 Speaker 1: I thought about using thick, since that's what the beer 176 00:08:20,840 --> 00:08:22,800 Speaker 1: is called, but you know, it's a porter, so it's 177 00:08:22,840 --> 00:08:25,480 Speaker 1: a little bit thinner. But yeah, my single word is black. 178 00:08:25,960 --> 00:08:31,520 Speaker 1: Our buddy, mine is bold. Bold. You're a bold drinking 179 00:08:31,600 --> 00:08:33,880 Speaker 1: kind of guy. True story. All right. We'll get to 180 00:08:34,000 --> 00:08:37,360 Speaker 1: the explanation behind those words and our tasting notes for 181 00:08:37,400 --> 00:08:39,720 Speaker 1: this beer at the end of the show. But Matt, 182 00:08:39,800 --> 00:08:42,200 Speaker 1: let's get now to the topic of hand creating a 183 00:08:42,200 --> 00:08:44,920 Speaker 1: money road map. And it's the beginning of the year, right, 184 00:08:45,000 --> 00:08:47,920 Speaker 1: it's a perfect time for goal setting. And I don't 185 00:08:47,920 --> 00:08:49,600 Speaker 1: know about you, I feel like most of us will 186 00:08:49,640 --> 00:08:52,400 Speaker 1: either set some goals and then we'll quickly screw up, right, 187 00:08:52,400 --> 00:08:56,240 Speaker 1: we won't be able to achieve those goals. By January, 188 00:08:57,120 --> 00:08:59,679 Speaker 1: half of our goals will have already been wiped off 189 00:08:59,679 --> 00:09:01,760 Speaker 1: the face of the earth, never to be remembered again. 190 00:09:02,520 --> 00:09:06,560 Speaker 1: And for someone are getting destroyed. Huh. Yeah. Or maybe 191 00:09:06,600 --> 00:09:09,320 Speaker 1: you're a little more like me and you didn't send 192 00:09:09,320 --> 00:09:11,679 Speaker 1: any goals to begin with, because that's kind of how 193 00:09:11,679 --> 00:09:14,000 Speaker 1: I roll. Oh, that's right, you're like that low ambition. 194 00:09:14,360 --> 00:09:17,840 Speaker 1: I don't send any goals type right, Hey, high ambition, 195 00:09:18,120 --> 00:09:21,560 Speaker 1: no goal setting. Okay, that's right. Loosey goosey. Yeah. I 196 00:09:21,559 --> 00:09:23,280 Speaker 1: go with my gut a little bit more, um, a 197 00:09:23,320 --> 00:09:26,720 Speaker 1: little less likely to set intense goals. I have goals 198 00:09:26,800 --> 00:09:28,200 Speaker 1: there in the back of my mind. I know what 199 00:09:28,240 --> 00:09:30,880 Speaker 1: I want to achieve, but writing them down And like 200 00:09:30,960 --> 00:09:33,160 Speaker 1: my wife, she loved to take like a couple of 201 00:09:33,200 --> 00:09:36,480 Speaker 1: hours and sit down with her notepad and think through 202 00:09:36,520 --> 00:09:38,760 Speaker 1: what her goals for the year are. And for me, 203 00:09:39,400 --> 00:09:41,640 Speaker 1: I feel like they're just kind of in my brain 204 00:09:42,080 --> 00:09:45,240 Speaker 1: and I know what I want to accomplish in, but 205 00:09:45,520 --> 00:09:47,959 Speaker 1: I'm not really writing them down and thinking about them 206 00:09:48,040 --> 00:09:50,440 Speaker 1: very much. Yeah, your goals are in your stomach, like 207 00:09:50,480 --> 00:09:53,640 Speaker 1: you said, in your gut exactly exactly. So we had 208 00:09:53,679 --> 00:09:55,600 Speaker 1: these goals, and just like in other parts of our life, 209 00:09:55,600 --> 00:09:57,080 Speaker 1: we also want to have goals when it comes to 210 00:09:57,080 --> 00:09:59,679 Speaker 1: our finances. A lot of times there's resolutions that are 211 00:09:59,679 --> 00:10:03,160 Speaker 1: set and quickly abandoned, you know, like you mentioned. But 212 00:10:03,200 --> 00:10:05,600 Speaker 1: we're going to talk about a money road map, and 213 00:10:05,960 --> 00:10:08,000 Speaker 1: a big part of a money roadmap is a budget. 214 00:10:08,040 --> 00:10:11,440 Speaker 1: And these are things that basically just tell you what 215 00:10:11,559 --> 00:10:14,240 Speaker 1: to do with your money. Right. It's a necessary tool 216 00:10:14,320 --> 00:10:17,160 Speaker 1: to to help you actually achieve what it is that 217 00:10:17,240 --> 00:10:19,360 Speaker 1: you are setting out to achieve, right, whether it is 218 00:10:19,520 --> 00:10:22,000 Speaker 1: written down or whether it's just sort of in the 219 00:10:22,000 --> 00:10:24,280 Speaker 1: back of your head. And so think about this episode, 220 00:10:24,360 --> 00:10:27,880 Speaker 1: like you were taking a trip from Atlanta to Seattle 221 00:10:27,920 --> 00:10:32,960 Speaker 1: across the country, right, and before ways or Google Maps existed, 222 00:10:33,280 --> 00:10:36,240 Speaker 1: you would have had to do something unthinkable and print 223 00:10:36,280 --> 00:10:40,760 Speaker 1: out a map quest sheet to to to plot your 224 00:10:40,760 --> 00:10:44,160 Speaker 1: trip across the country. And you would, in all likelihood, 225 00:10:44,440 --> 00:10:47,800 Speaker 1: while you were at your dial up computer connection. If 226 00:10:47,840 --> 00:10:50,400 Speaker 1: you don't know what that is, we're not that old. Yeah, okay, 227 00:10:50,520 --> 00:10:53,600 Speaker 1: but no, but no, I remember dial up connections. Dude, Yeah, 228 00:10:53,600 --> 00:10:56,400 Speaker 1: I remember too, but I wasn't in college doing dial up. 229 00:10:56,520 --> 00:10:58,960 Speaker 1: That's true. All right, but you did print out map 230 00:10:59,000 --> 00:11:01,560 Speaker 1: quest directions and so multiple pages what turn my turn 231 00:11:01,720 --> 00:11:05,320 Speaker 1: exactly exactly? So, so just think about this episode. Is 232 00:11:05,640 --> 00:11:07,240 Speaker 1: that's kind of what we want to do for your 233 00:11:07,280 --> 00:11:11,480 Speaker 1: money is give you an overarching plan of process. Here's 234 00:11:11,480 --> 00:11:14,839 Speaker 1: how you get from Atlanta to Seattle, and your specific 235 00:11:14,960 --> 00:11:17,640 Speaker 1: directions are gonna look a little bit different. Right. We 236 00:11:17,640 --> 00:11:19,720 Speaker 1: don't want you to do things exactly the way we 237 00:11:19,800 --> 00:11:22,439 Speaker 1: do them, but we want you to kind of figure 238 00:11:22,480 --> 00:11:25,520 Speaker 1: out how to create that roadmap so that you have 239 00:11:25,559 --> 00:11:28,920 Speaker 1: a direction and a purpose for your money as you 240 00:11:28,960 --> 00:11:31,920 Speaker 1: begin this new year. It's not all about creating a budget, 241 00:11:31,960 --> 00:11:33,959 Speaker 1: although that's part of what we're going to discuss today, 242 00:11:34,160 --> 00:11:36,680 Speaker 1: but it's something bigger than that. It really is creating 243 00:11:36,679 --> 00:11:39,920 Speaker 1: this money roadmap. Is is more than just you're creating 244 00:11:39,920 --> 00:11:42,440 Speaker 1: a budget and sticking to it. Is thinking with a 245 00:11:42,480 --> 00:11:45,880 Speaker 1: bigger mindset, uh, in mind of what you want to accomplish, 246 00:11:45,920 --> 00:11:48,080 Speaker 1: not just this year, but how you want to change 247 00:11:48,120 --> 00:11:50,439 Speaker 1: course really when it comes to your personal finances. Yea, 248 00:11:50,480 --> 00:11:54,560 Speaker 1: so my mind is still stuck on ways. Sorry, but 249 00:11:54,760 --> 00:11:56,800 Speaker 1: do you ever use the boy band setting? No? I 250 00:11:56,800 --> 00:11:59,199 Speaker 1: didn't know it existed. You didn't know that, yeah, said 251 00:11:59,200 --> 00:12:01,480 Speaker 1: there's different voice options. You've never heard the boy band. 252 00:12:01,480 --> 00:12:07,280 Speaker 1: It's hilarious. It's like in one mile turn right, I 253 00:12:07,280 --> 00:12:09,840 Speaker 1: mean what it sounds like it's Stephen Colbert imitating a 254 00:12:09,880 --> 00:12:12,920 Speaker 1: boy band and then giving Ways directions. Which Ways had 255 00:12:12,960 --> 00:12:15,160 Speaker 1: Stephen Colbert on there for a minute right when he 256 00:12:15,240 --> 00:12:18,000 Speaker 1: first launched the show. Oh did it really? Yeah? And 257 00:12:18,000 --> 00:12:21,720 Speaker 1: I think they had Mr T like they've had different voices. Yeah, yeah, 258 00:12:21,760 --> 00:12:24,760 Speaker 1: you're right, that's super funny. My wife refuses to use 259 00:12:24,800 --> 00:12:27,960 Speaker 1: Ways and sticks to Google Maps, and I don't understand it. 260 00:12:28,240 --> 00:12:31,680 Speaker 1: I understand Google Maps for certain things, but there's a 261 00:12:31,679 --> 00:12:34,120 Speaker 1: lot of benefit that Ways has man even though it's 262 00:12:34,160 --> 00:12:37,240 Speaker 1: owned by Google. It's amazing that they still remain separate entities. 263 00:12:37,280 --> 00:12:40,120 Speaker 1: But four now, but just a public call out to 264 00:12:40,160 --> 00:12:43,240 Speaker 1: my wife to pick up your game on that. Knowing 265 00:12:43,320 --> 00:12:47,040 Speaker 1: your money roadmap also gives you freedom to spend right, 266 00:12:47,120 --> 00:12:50,080 Speaker 1: and so aside from setting financial goals and keeping your 267 00:12:50,160 --> 00:12:53,599 Speaker 1: spending in check, dude, for us, the biggest reason that 268 00:12:53,640 --> 00:12:55,560 Speaker 1: we create a budget is to free ourselves to be 269 00:12:55,720 --> 00:12:59,040 Speaker 1: able to spend on things just throughout the month without 270 00:12:59,160 --> 00:13:03,760 Speaker 1: feeling any sense of guilt. Kate, my wife especially resonates 271 00:13:03,760 --> 00:13:05,520 Speaker 1: with this, but I do as well. You know, I 272 00:13:05,520 --> 00:13:07,440 Speaker 1: don't want to have the thought that I could be 273 00:13:07,480 --> 00:13:10,360 Speaker 1: saving more hanging over my head while I'm like out 274 00:13:10,360 --> 00:13:12,920 Speaker 1: getting beers. And not only that, but it frees up 275 00:13:12,960 --> 00:13:15,040 Speaker 1: my mind and not have to do quick math in 276 00:13:15,080 --> 00:13:18,320 Speaker 1: my head, which I'm honestly pretty terrible at. You just 277 00:13:18,360 --> 00:13:20,959 Speaker 1: get to follow the plan that you set out before you. 278 00:13:21,360 --> 00:13:22,839 Speaker 1: And when you kind of just stick to that plane, 279 00:13:22,880 --> 00:13:24,640 Speaker 1: he sticks to that map. You don't have to make 280 00:13:24,679 --> 00:13:26,720 Speaker 1: these in the moment decisions where you might be likely 281 00:13:26,800 --> 00:13:28,920 Speaker 1: to fail or that if you don't do it, you 282 00:13:29,000 --> 00:13:31,240 Speaker 1: kind of feel guilty, you know what I'm saying. Yeah, buddy, 283 00:13:31,360 --> 00:13:34,319 Speaker 1: Just like heading down I eight five south is not 284 00:13:34,400 --> 00:13:36,520 Speaker 1: the quickest way to get to Seattle from Atlanta. Like 285 00:13:36,520 --> 00:13:40,000 Speaker 1: you're going the wrong direction, Pully, you turn, get off 286 00:13:40,000 --> 00:13:42,440 Speaker 1: of the nearest exit and and start going north right. 287 00:13:42,840 --> 00:13:45,120 Speaker 1: So in the same way that not having a roadmap 288 00:13:45,120 --> 00:13:48,120 Speaker 1: for a road trip pre ways times of course, can 289 00:13:48,240 --> 00:13:51,160 Speaker 1: end up with a long trek, potentially in the wrong direction. 290 00:13:51,480 --> 00:13:54,080 Speaker 1: Not having this money roadmap and those financial goals laid 291 00:13:54,080 --> 00:13:57,480 Speaker 1: out doesn't give you the freedom to spend in the 292 00:13:57,559 --> 00:14:00,480 Speaker 1: areas that are meaningful to you. And that's sucks, and 293 00:14:00,559 --> 00:14:03,840 Speaker 1: so let's talk about the specific tips for creating this 294 00:14:03,880 --> 00:14:06,160 Speaker 1: money roadmap in the new year right after the break. 295 00:14:15,720 --> 00:14:17,600 Speaker 1: All right, Joe, let's goad and kick it off. We're 296 00:14:17,640 --> 00:14:20,720 Speaker 1: gonna cover now some tips on creating a money roadmap 297 00:14:20,760 --> 00:14:22,280 Speaker 1: for the new year. The first thing that you want 298 00:14:22,280 --> 00:14:25,440 Speaker 1: to do is to track your expenses. If you don't 299 00:14:25,440 --> 00:14:28,160 Speaker 1: already have a budget, you gotta track your spending. That 300 00:14:28,280 --> 00:14:30,200 Speaker 1: is going to be the best way to get that 301 00:14:30,240 --> 00:14:33,080 Speaker 1: budget started. And you know, you really can't create a 302 00:14:33,120 --> 00:14:36,560 Speaker 1: well thought out roadmap without knowing where you've been what 303 00:14:36,680 --> 00:14:40,200 Speaker 1: you spent money on. By reviewing you're spending from the 304 00:14:40,240 --> 00:14:43,680 Speaker 1: previous year, you can allow that to inform your budget 305 00:14:43,720 --> 00:14:45,560 Speaker 1: and your goals for the new year. And when you 306 00:14:45,560 --> 00:14:48,520 Speaker 1: have those goals set, you're able to flesh out your budget, 307 00:14:48,640 --> 00:14:51,200 Speaker 1: you know, with purpose, with meaning, and it's something that 308 00:14:51,240 --> 00:14:53,520 Speaker 1: you can really get behind. Yeah, man, I feel like 309 00:14:53,560 --> 00:14:58,840 Speaker 1: tracking your expenses is actually probably personal finance rule number one, 310 00:14:59,080 --> 00:15:01,280 Speaker 1: because if you don't know where your money is going, 311 00:15:01,680 --> 00:15:04,280 Speaker 1: then you don't know how to make changes, you don't 312 00:15:04,280 --> 00:15:07,160 Speaker 1: know how to act accordingly. And in order to create 313 00:15:07,160 --> 00:15:09,360 Speaker 1: a money roadmap for the future, you have to kind 314 00:15:09,400 --> 00:15:11,680 Speaker 1: of know the expenses that are currently going on in 315 00:15:11,680 --> 00:15:14,600 Speaker 1: your life, so that tracking is crucial. Yeah. Man, that's 316 00:15:14,640 --> 00:15:16,520 Speaker 1: how you gather information, right. It's like, if you're trying 317 00:15:16,520 --> 00:15:18,520 Speaker 1: to hit a certain weight, you have to have a scale. 318 00:15:18,640 --> 00:15:21,040 Speaker 1: You have to start measuring now and know what it 319 00:15:21,120 --> 00:15:23,560 Speaker 1: is that you're trying to achieve. You have to have 320 00:15:23,600 --> 00:15:25,520 Speaker 1: the tools that will allow you to reach that goal. 321 00:15:25,880 --> 00:15:28,480 Speaker 1: So in light of that, taking a look, especially at 322 00:15:28,520 --> 00:15:32,360 Speaker 1: the biggest expenses that you had last year, it's really important. 323 00:15:32,360 --> 00:15:35,000 Speaker 1: It helps you plan ahead for the potential biggest expenses 324 00:15:35,040 --> 00:15:37,560 Speaker 1: that you'll have this year. I feel like usually for people, 325 00:15:37,600 --> 00:15:40,160 Speaker 1: it's a big ticket item here or there that can 326 00:15:40,240 --> 00:15:43,000 Speaker 1: completely throw them off their budget game. And by looking 327 00:15:43,040 --> 00:15:45,400 Speaker 1: at those expenses when they occurred, what they were for 328 00:15:46,080 --> 00:15:48,360 Speaker 1: that threw you off your budget potentially last year, it 329 00:15:48,440 --> 00:15:51,960 Speaker 1: can help you apportion your money properly for this year 330 00:15:52,320 --> 00:15:55,680 Speaker 1: and also actually budget for some of those bigger ticket 331 00:15:55,760 --> 00:15:59,920 Speaker 1: items that are recurring but it ended up blindsiding you anyway. 332 00:16:00,200 --> 00:16:02,880 Speaker 1: And in particular, looking back at your credit card statements 333 00:16:03,120 --> 00:16:05,920 Speaker 1: or at a budget tracking tool like Mint can help 334 00:16:05,960 --> 00:16:08,440 Speaker 1: you to see all of your expenses in one place, 335 00:16:08,720 --> 00:16:10,960 Speaker 1: so you can kind of quickly identify what those major 336 00:16:11,000 --> 00:16:13,800 Speaker 1: expenses were. Yeah, and those bigger expenses like that, man, 337 00:16:13,920 --> 00:16:17,080 Speaker 1: Like those are honestly the easier ones to address an 338 00:16:17,080 --> 00:16:19,000 Speaker 1: attack because you can take those, you can break them 339 00:16:19,040 --> 00:16:21,440 Speaker 1: up in the monthly payments that you set aside or 340 00:16:21,480 --> 00:16:25,360 Speaker 1: earmark for that specific expense. And so I'm thinking of 341 00:16:25,440 --> 00:16:28,720 Speaker 1: something boring like car insurance, like it's a yearly thing 342 00:16:28,720 --> 00:16:30,920 Speaker 1: because obviously you pay once a year because you get 343 00:16:30,960 --> 00:16:33,320 Speaker 1: that discount what's up. And if you divide that out 344 00:16:33,400 --> 00:16:35,440 Speaker 1: by twelve, you've got your monthly payment and you're paying 345 00:16:35,480 --> 00:16:38,160 Speaker 1: that to yourself. You're just setting it aside, and that way, 346 00:16:38,160 --> 00:16:40,320 Speaker 1: when the bill comes, you've got that amount there for 347 00:16:40,480 --> 00:16:43,200 Speaker 1: you ready to go, and it doesn't get you by surprise, 348 00:16:43,240 --> 00:16:45,960 Speaker 1: and you're not having to dip into any other funds 349 00:16:46,280 --> 00:16:48,120 Speaker 1: in order to go ahead and pay that bill and 350 00:16:48,160 --> 00:16:50,280 Speaker 1: get that discount. Yeah. But a lot of people let 351 00:16:50,320 --> 00:16:53,480 Speaker 1: an expense like that completely blindside them, even though it 352 00:16:53,560 --> 00:16:55,760 Speaker 1: is something that they could have plan for a little 353 00:16:55,760 --> 00:16:57,760 Speaker 1: bit better, that's right, man. And so that's like a 354 00:16:57,800 --> 00:17:00,400 Speaker 1: boring example, but something even that's more fun in right. 355 00:17:00,680 --> 00:17:03,240 Speaker 1: Like I've mentioned before that I've got my site set 356 00:17:03,280 --> 00:17:04,840 Speaker 1: on sort of a family road trip that I would 357 00:17:04,840 --> 00:17:07,600 Speaker 1: like to take my family on this coming summer. And 358 00:17:07,680 --> 00:17:10,000 Speaker 1: that's something that I can go ahead and estimate the cost. 359 00:17:10,080 --> 00:17:11,760 Speaker 1: I don't know exactly how much it's gonna cost, but 360 00:17:11,760 --> 00:17:14,360 Speaker 1: I can go ahead and decide that, you know, we're 361 00:17:14,359 --> 00:17:17,120 Speaker 1: probably gonna spend about this much. Or I can decide 362 00:17:17,480 --> 00:17:18,960 Speaker 1: this is how much we will spend. You know, I 363 00:17:19,000 --> 00:17:22,120 Speaker 1: can just set a budget, and by dividing that out 364 00:17:22,160 --> 00:17:24,080 Speaker 1: between now and then, I know how much I can 365 00:17:24,080 --> 00:17:26,399 Speaker 1: set aside monthly. That way, when the time comes, it 366 00:17:26,400 --> 00:17:29,320 Speaker 1: doesn't quite feel nearly as difficult. And so that's really 367 00:17:29,359 --> 00:17:31,880 Speaker 1: important that to know that this isn't just a reactive 368 00:17:32,000 --> 00:17:35,719 Speaker 1: or passive activity where you're reacting to last year's bills, 369 00:17:36,080 --> 00:17:38,480 Speaker 1: but this is something that you can be proactive about. 370 00:17:38,640 --> 00:17:40,920 Speaker 1: We want you to look ahead at the coming year 371 00:17:40,960 --> 00:17:42,800 Speaker 1: and dream about what it is that you want to 372 00:17:42,840 --> 00:17:44,520 Speaker 1: be able to do with your money, whether that's save 373 00:17:44,600 --> 00:17:46,520 Speaker 1: up for a down payment on a house, maybe pay 374 00:17:46,520 --> 00:17:48,800 Speaker 1: off that car with a high interest rate, take a 375 00:17:48,880 --> 00:17:51,480 Speaker 1: trip to visit relatives, or even putting together an emergency 376 00:17:51,520 --> 00:17:53,880 Speaker 1: fund that you've never been able to do before. Yeah, 377 00:17:53,880 --> 00:17:55,880 Speaker 1: and it's important that with those goals to be specific 378 00:17:55,960 --> 00:17:58,119 Speaker 1: because it's really hard to make any progress if you 379 00:17:58,160 --> 00:18:02,359 Speaker 1: have just a general goal saving more money. Right, that's 380 00:18:02,760 --> 00:18:05,199 Speaker 1: of course, like we all want to do that, but 381 00:18:05,320 --> 00:18:07,840 Speaker 1: without the specific goals in mind, it becomes so much 382 00:18:07,880 --> 00:18:10,560 Speaker 1: harder to make any progress. Yeah, and just putting a 383 00:18:10,680 --> 00:18:12,399 Speaker 1: name on something, right, Like if you know that the 384 00:18:12,440 --> 00:18:14,480 Speaker 1: reason that we're saving is because we want to take 385 00:18:14,520 --> 00:18:16,840 Speaker 1: this vacation or I want to be able to own 386 00:18:16,880 --> 00:18:19,600 Speaker 1: my car outright by a certain period of time. If 387 00:18:19,640 --> 00:18:21,720 Speaker 1: you know that this is why I'm saving, this is 388 00:18:21,720 --> 00:18:24,040 Speaker 1: why we're sitting inside this money. All of a sudden, 389 00:18:24,080 --> 00:18:26,080 Speaker 1: it has a face, it has a name. It's not 390 00:18:26,160 --> 00:18:28,359 Speaker 1: just you feeling like you're being cheap all the time. 391 00:18:28,400 --> 00:18:30,919 Speaker 1: It's you've identified a goal and you're doing all that 392 00:18:31,000 --> 00:18:34,119 Speaker 1: you can to to achieve that, and that's just so important. Okay, 393 00:18:34,160 --> 00:18:38,439 Speaker 1: So those are bigger, maybe more grandiose, larger goals that 394 00:18:38,520 --> 00:18:41,399 Speaker 1: you have in life, Joel, what about like smaller goals 395 00:18:41,440 --> 00:18:43,520 Speaker 1: that that you might want to achieve? Yeah, man, I 396 00:18:43,560 --> 00:18:46,480 Speaker 1: think big goals are awesome, right, And we feel like 397 00:18:46,520 --> 00:18:48,399 Speaker 1: we can gain a lot of ground in a shorter 398 00:18:48,440 --> 00:18:51,359 Speaker 1: amount of time by having super big goals. And I 399 00:18:51,400 --> 00:18:53,679 Speaker 1: love having one or two big goals every year that 400 00:18:53,720 --> 00:18:55,720 Speaker 1: I really want to accomplish, whether it's you know, by 401 00:18:55,800 --> 00:18:58,800 Speaker 1: another investment property, or take a trip to visit a 402 00:18:58,840 --> 00:19:00,520 Speaker 1: relative that you know I have and seen in a 403 00:19:00,520 --> 00:19:03,439 Speaker 1: long time. Those are awesome, But I think there's so 404 00:19:03,520 --> 00:19:06,119 Speaker 1: much power in the small changes that we can make, too, 405 00:19:06,359 --> 00:19:09,639 Speaker 1: and we don't focus enough on that. Ultimately, making small 406 00:19:09,720 --> 00:19:14,080 Speaker 1: incremental changes in your financial life can have a huge 407 00:19:14,240 --> 00:19:17,080 Speaker 1: effect over a long period of time. And there's a 408 00:19:17,080 --> 00:19:22,880 Speaker 1: fancy term for this. It's called the aggregation of marginal gains. Right, 409 00:19:23,240 --> 00:19:25,639 Speaker 1: so consider setting a goal to increase your four oh 410 00:19:25,680 --> 00:19:29,080 Speaker 1: and K contribution by like one per cent, and maybe 411 00:19:29,080 --> 00:19:31,919 Speaker 1: do that every six months or every year, even if 412 00:19:31,960 --> 00:19:34,240 Speaker 1: you find it difficult to do it every six months. 413 00:19:34,280 --> 00:19:36,760 Speaker 1: That is a small move that you can make right 414 00:19:36,800 --> 00:19:40,399 Speaker 1: now that has almost no impact on your take home pay, 415 00:19:40,440 --> 00:19:45,160 Speaker 1: but begins to over time compound on itself and begin 416 00:19:45,240 --> 00:19:48,439 Speaker 1: to bring you towards uh an area, a place of 417 00:19:48,520 --> 00:19:51,960 Speaker 1: greater financial freedom. So I love the idea of making 418 00:19:51,960 --> 00:19:54,720 Speaker 1: small changes in your life, whether it is deciding that 419 00:19:54,760 --> 00:19:57,720 Speaker 1: you're going to bring your lunch to work every day 420 00:19:57,920 --> 00:20:01,120 Speaker 1: next year, or attempting to bit to work one day 421 00:20:01,119 --> 00:20:04,679 Speaker 1: a week, right, whatever it is, making a small change 422 00:20:05,000 --> 00:20:08,760 Speaker 1: can over time have a large effect. It's so much 423 00:20:08,760 --> 00:20:10,879 Speaker 1: more rewarding to tackle a big goal and knock it 424 00:20:10,880 --> 00:20:14,159 Speaker 1: out right, but that's also much harder to do. The 425 00:20:14,200 --> 00:20:17,119 Speaker 1: easy things are the small things, and those are the 426 00:20:17,119 --> 00:20:19,000 Speaker 1: things that I feel like if you will focus on 427 00:20:19,040 --> 00:20:22,760 Speaker 1: a few small things in twenty nineteen, a few changes 428 00:20:22,880 --> 00:20:25,159 Speaker 1: that you can make, that you're you're well on your 429 00:20:25,200 --> 00:20:28,199 Speaker 1: way to creating a money roadmap that brings you to 430 00:20:28,280 --> 00:20:32,120 Speaker 1: your final destination in fine fashion. But if you can't 431 00:20:32,160 --> 00:20:34,480 Speaker 1: change those small things, you're gonna have a really hard 432 00:20:34,480 --> 00:20:36,199 Speaker 1: time tackling any of the big things that we just 433 00:20:36,200 --> 00:20:39,160 Speaker 1: talked about, either man. And that's just what's so awesome 434 00:20:39,240 --> 00:20:41,800 Speaker 1: as well, right with even big goals, is that by 435 00:20:41,880 --> 00:20:45,200 Speaker 1: creating that money roadmap, that you break those larger goals 436 00:20:45,240 --> 00:20:47,439 Speaker 1: down into smaller pieces. And just like you said, like 437 00:20:47,520 --> 00:20:50,679 Speaker 1: having those small, bite sized pieces that are manageable and 438 00:20:50,720 --> 00:20:54,080 Speaker 1: that you can accomplish and succeed at doing month after 439 00:20:54,119 --> 00:20:57,080 Speaker 1: month like that is how you achieve ultimate success. And 440 00:20:57,080 --> 00:20:59,960 Speaker 1: that's how you really achieve not only the small goal 441 00:21:00,280 --> 00:21:03,360 Speaker 1: month a month, but also those bigger goals like we mentioned, yeah, Matt, 442 00:21:03,400 --> 00:21:06,040 Speaker 1: and keeping it simple is another huge part of creating 443 00:21:06,040 --> 00:21:09,840 Speaker 1: a money roadmap. Every goal that you have or every 444 00:21:09,920 --> 00:21:11,760 Speaker 1: change that you want to make doesn't have to be 445 00:21:11,800 --> 00:21:14,320 Speaker 1: this major monumental effort. It doesn't have to be this 446 00:21:14,720 --> 00:21:17,920 Speaker 1: major change that you make to your finances because that's 447 00:21:17,920 --> 00:21:19,680 Speaker 1: just not the way things work for us most of 448 00:21:19,720 --> 00:21:22,000 Speaker 1: the time, right. And the more difficult it is to 449 00:21:22,119 --> 00:21:25,240 Speaker 1: create this goal or this destination on your money roadmap, 450 00:21:25,240 --> 00:21:27,760 Speaker 1: the more likely you are to skip it all together. 451 00:21:28,040 --> 00:21:29,720 Speaker 1: So make sure it's a task or something that you 452 00:21:29,760 --> 00:21:33,400 Speaker 1: can handle. You're looking for progress, not a miracle, right, Yeah, 453 00:21:33,440 --> 00:21:35,760 Speaker 1: So often you can kind of get bogged down with 454 00:21:35,840 --> 00:21:38,560 Speaker 1: the details and you end up not taking any action 455 00:21:38,640 --> 00:21:41,000 Speaker 1: at all. So I think like one of the simplest 456 00:21:41,040 --> 00:21:43,600 Speaker 1: and easiest ways that someone could do that is to 457 00:21:44,400 --> 00:21:47,480 Speaker 1: do cash. This isn't something I do personally, But if 458 00:21:47,520 --> 00:21:50,040 Speaker 1: you are looking for ways to curb you're spending, if 459 00:21:50,040 --> 00:21:53,000 Speaker 1: you're looking for ways to keep things incredibly simple and 460 00:21:53,160 --> 00:21:55,520 Speaker 1: that you know that, Okay, I only want to spend 461 00:21:55,800 --> 00:21:59,960 Speaker 1: say this month on groceries for myself or you really 462 00:22:00,119 --> 00:22:02,080 Speaker 1: is that, man? I spend a ton of money going 463 00:22:02,160 --> 00:22:05,199 Speaker 1: out to eat every every single month. Set aside a 464 00:22:05,240 --> 00:22:07,880 Speaker 1: specific dollar amount. A lot of times people will refer 465 00:22:07,920 --> 00:22:11,479 Speaker 1: to this as the cash envelope system. Figure out whatever 466 00:22:11,480 --> 00:22:13,159 Speaker 1: it is that might work for you. You know, it 467 00:22:13,240 --> 00:22:15,639 Speaker 1: helps to know yourself and to know what has worked 468 00:22:15,680 --> 00:22:19,520 Speaker 1: in the past. We just don't want you to overcomplicate things. Yeah, man, 469 00:22:19,560 --> 00:22:21,560 Speaker 1: I truly think that that's one of the reasons that 470 00:22:21,600 --> 00:22:25,119 Speaker 1: most people either a don't get started with budgeting or 471 00:22:25,200 --> 00:22:28,200 Speaker 1: tracking their expenses or really starting to create like this 472 00:22:28,560 --> 00:22:33,040 Speaker 1: larger this bigger money roadmap. It's because they overcomplicated in 473 00:22:33,080 --> 00:22:35,960 Speaker 1: their mind and they think that to get started that 474 00:22:36,080 --> 00:22:38,760 Speaker 1: has to be complex. And I really think that it 475 00:22:38,800 --> 00:22:42,000 Speaker 1: can be simple. That you can make a few small changes, 476 00:22:42,160 --> 00:22:44,399 Speaker 1: that you can create even just a few small goals 477 00:22:44,440 --> 00:22:47,840 Speaker 1: and get started. I think that the value in getting started, 478 00:22:48,119 --> 00:22:51,959 Speaker 1: even when it's small, is completely undervalued. It's such an 479 00:22:51,960 --> 00:22:55,240 Speaker 1: important thing for us as humans to get started in 480 00:22:55,320 --> 00:22:57,280 Speaker 1: the right direction, to get off on the right foot, 481 00:22:57,560 --> 00:23:01,840 Speaker 1: and that almost breeds the ability to take on more 482 00:23:01,880 --> 00:23:05,160 Speaker 1: complex things later on. But right now, I mean, start simple. 483 00:23:05,160 --> 00:23:08,080 Speaker 1: If you feel like you're on square one, hey, that's okay, 484 00:23:08,400 --> 00:23:11,199 Speaker 1: Like start and start simple. The act of making a 485 00:23:11,200 --> 00:23:14,400 Speaker 1: little progress almost ensures that you're gonna make more progress 486 00:23:14,400 --> 00:23:17,840 Speaker 1: further down the road, hey man, and speaking of simplification, Uh, 487 00:23:18,000 --> 00:23:20,320 Speaker 1: we're gonna take a quick break, but right after that 488 00:23:20,359 --> 00:23:22,840 Speaker 1: we're gonna cover a specific tip that will allow you 489 00:23:22,880 --> 00:23:26,639 Speaker 1: to definitely keep things simple in addition to creating and 490 00:23:26,680 --> 00:23:39,680 Speaker 1: then sticking to your money roadmap. All right, Matt, back 491 00:23:39,720 --> 00:23:41,720 Speaker 1: in the break. My favorite way to keep it simple 492 00:23:42,000 --> 00:23:44,879 Speaker 1: is to put it on autopilot. Create a system where 493 00:23:44,920 --> 00:23:48,359 Speaker 1: you literally pay yourself first. So like we're talking about 494 00:23:48,359 --> 00:23:51,720 Speaker 1: with the four wind k contributions, it becomes automatic. You 495 00:23:51,800 --> 00:23:54,840 Speaker 1: add one percent to your contribution level every six months 496 00:23:54,880 --> 00:23:57,480 Speaker 1: or every year. If you can't handle six months, it's automatic. 497 00:23:57,760 --> 00:23:59,960 Speaker 1: Or you can create a separate savings account where part 498 00:24:00,000 --> 00:24:02,240 Speaker 1: off your paycheck goes that way, you don't even see it. 499 00:24:02,320 --> 00:24:04,760 Speaker 1: That's like a forced method of savings, a way of 500 00:24:04,760 --> 00:24:07,680 Speaker 1: building up an emergency fund. Autopilot can be a way 501 00:24:07,720 --> 00:24:10,280 Speaker 1: to take your fickle moods or desires out of the 502 00:24:10,320 --> 00:24:12,840 Speaker 1: process of creating this money roadmap. That does sound like 503 00:24:12,840 --> 00:24:15,800 Speaker 1: a wonderful tip if you had an actual paycheck. Oh 504 00:24:15,840 --> 00:24:18,000 Speaker 1: you make money, please, Yeah, I mean I make money, 505 00:24:18,040 --> 00:24:20,240 Speaker 1: but it doesn't come in the form of an actual paycheck, 506 00:24:20,359 --> 00:24:22,720 Speaker 1: Like I don't get a paycheck with a stub. Everybody 507 00:24:22,720 --> 00:24:25,199 Speaker 1: talks about these pay dubs. What does that even look like? 508 00:24:25,240 --> 00:24:27,959 Speaker 1: I don't know. So do you feel like there's no 509 00:24:28,040 --> 00:24:30,080 Speaker 1: autopilot system that works for you because the way that 510 00:24:30,119 --> 00:24:32,520 Speaker 1: you get paid. Yeah, man, that's that's a big challenge 511 00:24:32,520 --> 00:24:35,600 Speaker 1: of being self employed is just not having for me, 512 00:24:35,680 --> 00:24:38,159 Speaker 1: specifically not having a steady income, and so you can't 513 00:24:38,200 --> 00:24:41,000 Speaker 1: say you can't automate, and you can't designate a certain 514 00:24:41,040 --> 00:24:45,000 Speaker 1: portion of your paycheck to go into whatever brokerage it 515 00:24:45,080 --> 00:24:47,520 Speaker 1: is that you've got your money invested through. So it 516 00:24:47,560 --> 00:24:50,200 Speaker 1: makes it tough. But at the same time, there's there's 517 00:24:50,280 --> 00:24:52,040 Speaker 1: upsides to it too, right, And so when I do 518 00:24:52,200 --> 00:24:54,320 Speaker 1: save and when I do invest, I'm doing it very 519 00:24:54,359 --> 00:24:57,320 Speaker 1: actively and because that, I'm very aware of what I'm 520 00:24:57,359 --> 00:24:59,679 Speaker 1: saving and when I'm not spending my money on. So 521 00:25:00,080 --> 00:25:02,679 Speaker 1: you know, there's ups and downs for sure. Yeah, I 522 00:25:02,680 --> 00:25:04,159 Speaker 1: can see why it is a little bit harder to 523 00:25:04,200 --> 00:25:06,879 Speaker 1: come up with an autopilot kind of system for someone 524 00:25:06,920 --> 00:25:10,080 Speaker 1: who's paychecks are a little more erratic, maybe a really 525 00:25:10,080 --> 00:25:12,480 Speaker 1: big one this month and you maybe don't earn nearly 526 00:25:12,480 --> 00:25:15,600 Speaker 1: as much next month. That's that's harder to to budget 527 00:25:15,680 --> 00:25:18,360 Speaker 1: and it's harder to autopilot any sort of investing our savings. 528 00:25:18,680 --> 00:25:21,520 Speaker 1: So yeah, I could see it taking more intentionality and 529 00:25:21,560 --> 00:25:23,800 Speaker 1: the ability just to to make sure you do put 530 00:25:23,800 --> 00:25:26,200 Speaker 1: aside a bigger chunk in the months that are good. Yeah. Man, 531 00:25:26,359 --> 00:25:28,880 Speaker 1: that's how Kate and I do it. And on that note, 532 00:25:28,880 --> 00:25:32,120 Speaker 1: our next tip is to don't go it alone. If 533 00:25:32,119 --> 00:25:35,119 Speaker 1: you have a spouse or a significant other, it's really 534 00:25:35,440 --> 00:25:38,720 Speaker 1: really helpful to set goals together so that you are 535 00:25:38,760 --> 00:25:42,160 Speaker 1: both on board and that you're not just one part 536 00:25:42,160 --> 00:25:44,080 Speaker 1: of the relationship trying to do these things that the 537 00:25:44,119 --> 00:25:46,960 Speaker 1: other side doesn't. You're not gonna get very far, you know. 538 00:25:47,000 --> 00:25:49,680 Speaker 1: And if you don't have a significant other or a spouse, 539 00:25:50,080 --> 00:25:52,000 Speaker 1: you could try to get friends to do their own 540 00:25:52,040 --> 00:25:55,360 Speaker 1: budget or set their own goals and have their own 541 00:25:55,359 --> 00:25:58,040 Speaker 1: money roadmap to hold each other accountable. This is something 542 00:25:58,040 --> 00:26:00,240 Speaker 1: you can do together. You can encourage each other there 543 00:26:00,480 --> 00:26:02,760 Speaker 1: and just talk about it. Just the act of talking 544 00:26:02,760 --> 00:26:05,960 Speaker 1: about it and encouraging each other can go so far 545 00:26:06,040 --> 00:26:09,280 Speaker 1: when it comes to making progress with your finances. Yeah. 546 00:26:09,359 --> 00:26:11,200 Speaker 1: For some reason, I'm getting the image of my mind 547 00:26:11,359 --> 00:26:14,960 Speaker 1: of like a three legged race. And if you're doing 548 00:26:15,000 --> 00:26:17,800 Speaker 1: this money roadmap, with your spouse or a significant other, 549 00:26:18,080 --> 00:26:19,879 Speaker 1: and you guys just aren't on the same page. You 550 00:26:19,920 --> 00:26:22,440 Speaker 1: don't have the same goals in mind, you're not headed 551 00:26:22,440 --> 00:26:24,480 Speaker 1: in the same direction. I mean, it's really hard to 552 00:26:24,520 --> 00:26:29,680 Speaker 1: run it through. Yeah, you're you're bound for misfortune, I think. 553 00:26:29,760 --> 00:26:31,960 Speaker 1: So it really is important, I think to make these 554 00:26:31,960 --> 00:26:34,639 Speaker 1: plans together. It's important to have your own personal goals 555 00:26:34,880 --> 00:26:38,000 Speaker 1: aside from your goals as a couple. But if you're 556 00:26:38,040 --> 00:26:40,160 Speaker 1: on a road trip together, right in the same car, 557 00:26:40,440 --> 00:26:43,960 Speaker 1: heading towards the same destination, you're both can have opinions 558 00:26:43,960 --> 00:26:45,920 Speaker 1: about how to get there and where you should stop. 559 00:26:46,320 --> 00:26:48,359 Speaker 1: And I feel like the same thing is true of 560 00:26:48,400 --> 00:26:51,760 Speaker 1: a money roadmap. As a couple. You both should have 561 00:26:52,000 --> 00:26:55,080 Speaker 1: influence and it's important to sit down together to set 562 00:26:55,119 --> 00:26:57,960 Speaker 1: those goals, to think through your money roadmap, because you'll 563 00:26:58,080 --> 00:26:59,960 Speaker 1: each be able to help each other when the going 564 00:27:00,040 --> 00:27:03,440 Speaker 1: get stuff and encourage one another when you have successes 565 00:27:03,480 --> 00:27:05,960 Speaker 1: along the way. So on the note of roadmap, I 566 00:27:06,000 --> 00:27:08,320 Speaker 1: just remembered how I used to have roadmap that I 567 00:27:08,359 --> 00:27:10,280 Speaker 1: would keep in my car when I went off to college, 568 00:27:10,359 --> 00:27:11,960 Speaker 1: that I kept under the seat, and it was one 569 00:27:11,960 --> 00:27:13,920 Speaker 1: of those big ones. The rain McNally's Like, you mentioned 570 00:27:14,000 --> 00:27:16,600 Speaker 1: map quest earlier, but did you ever have an actual 571 00:27:16,600 --> 00:27:19,680 Speaker 1: atlas like a United States ryand McNally In my case, 572 00:27:19,760 --> 00:27:23,280 Speaker 1: I think it was two thousand four rayand McNally roadmap. 573 00:27:23,400 --> 00:27:25,399 Speaker 1: I don't think so. No. I don't feel like I 574 00:27:25,480 --> 00:27:29,480 Speaker 1: ever had a true, actual outlats. Yeah. I don't feel 575 00:27:29,480 --> 00:27:31,120 Speaker 1: like I ever had to do a road trip with 576 00:27:31,200 --> 00:27:33,440 Speaker 1: one of those. And I feel like there's something about 577 00:27:33,480 --> 00:27:34,840 Speaker 1: just opening the map and be like, I want to 578 00:27:34,840 --> 00:27:39,000 Speaker 1: go here. Another tip not on creating your money roadmap, 579 00:27:39,040 --> 00:27:41,800 Speaker 1: but on sticking to it, and that is to not 580 00:27:41,920 --> 00:27:45,119 Speaker 1: lose sight of your numbers. And what I'm talking about, dude, 581 00:27:45,160 --> 00:27:47,720 Speaker 1: is literally, don't lose sight if your numbers. If you're 582 00:27:47,800 --> 00:27:50,919 Speaker 1: using Mint or another budgeting app like that, pull it 583 00:27:50,920 --> 00:27:53,320 Speaker 1: out of your utilities folder and actually put it on 584 00:27:53,320 --> 00:27:56,280 Speaker 1: your phones homescreen. Maybe you can replace it with an 585 00:27:56,320 --> 00:27:58,600 Speaker 1: app that you know you use often, or if you're 586 00:27:58,600 --> 00:28:00,720 Speaker 1: gonna go old school and you've got it written out 587 00:28:00,760 --> 00:28:02,399 Speaker 1: on paper, you can make copies and print it out 588 00:28:02,440 --> 00:28:04,320 Speaker 1: and put it all over your place. You want to 589 00:28:04,400 --> 00:28:06,760 Speaker 1: have it there as a reminder of what you're achieving 590 00:28:06,800 --> 00:28:09,560 Speaker 1: and what you're striving. After I found that personally, it's 591 00:28:09,600 --> 00:28:12,400 Speaker 1: just incredibly helpful just to have that goal, that numerical 592 00:28:12,480 --> 00:28:15,320 Speaker 1: goal set there right before you. Or if it's just 593 00:28:15,400 --> 00:28:17,360 Speaker 1: a certain spending amount that you know you can't go over, 594 00:28:17,480 --> 00:28:21,000 Speaker 1: if it's something that you're revisiting often, well, you're going 595 00:28:21,040 --> 00:28:23,040 Speaker 1: to be more likely to stick to it. And so 596 00:28:23,080 --> 00:28:26,160 Speaker 1: when it comes to budgeting and creating that money a roadmap, 597 00:28:26,200 --> 00:28:29,479 Speaker 1: make sure it's something that is accessible and that's always 598 00:28:29,520 --> 00:28:32,080 Speaker 1: there right in front of you. Yea. So speaking of that, Matt, 599 00:28:32,160 --> 00:28:34,640 Speaker 1: there's an app called dollar Bird that I just found 600 00:28:34,680 --> 00:28:37,399 Speaker 1: out about recently, and I think it's really cool because 601 00:28:37,440 --> 00:28:40,160 Speaker 1: it kind of works on a calendar type system. It 602 00:28:40,360 --> 00:28:43,080 Speaker 1: is an app that doesn't hook up like Mint to 603 00:28:43,080 --> 00:28:45,480 Speaker 1: your accounts, so people that are worried about privacy, you 604 00:28:45,480 --> 00:28:47,720 Speaker 1: don't have to worry about that. Whereas Mint has the 605 00:28:47,760 --> 00:28:50,200 Speaker 1: credentials to your accounts and and pulls all the information. 606 00:28:50,280 --> 00:28:53,040 Speaker 1: In dollar Bird is completely unlike that. What you do 607 00:28:53,160 --> 00:28:56,760 Speaker 1: is you manually enter the purchases that you make on 608 00:28:56,880 --> 00:28:59,520 Speaker 1: the dollar Bird app, so there's no need to connect 609 00:28:59,520 --> 00:29:01,520 Speaker 1: your accounts, which is cool. And there's something kind of 610 00:29:01,640 --> 00:29:04,880 Speaker 1: visceral about typing in the amount that you're spending at 611 00:29:04,920 --> 00:29:07,200 Speaker 1: a particular place on the app. I could see it 612 00:29:07,200 --> 00:29:10,080 Speaker 1: almost like as a spending aversion tool at the at 613 00:29:10,120 --> 00:29:13,920 Speaker 1: the same time as tracking your spending because you almost 614 00:29:14,040 --> 00:29:16,520 Speaker 1: decide that maybe that three dollar coffee isn't worth it 615 00:29:16,520 --> 00:29:18,800 Speaker 1: because I'm have to pull up my phone and type 616 00:29:18,800 --> 00:29:22,760 Speaker 1: in that expenditure. So I think dollar Birds seems really cool. 617 00:29:22,840 --> 00:29:25,000 Speaker 1: You can see it kind of gives you an overall 618 00:29:25,160 --> 00:29:28,000 Speaker 1: view of where your finances are going and at the 619 00:29:28,040 --> 00:29:31,480 Speaker 1: same time tracks individual expenses like really well, so we'll 620 00:29:31,480 --> 00:29:33,880 Speaker 1: put a link to to that app. It's for iOS 621 00:29:34,000 --> 00:29:36,120 Speaker 1: and for Android in the show notes. But but I 622 00:29:36,200 --> 00:29:38,520 Speaker 1: kind of like where that app is going, and I 623 00:29:38,520 --> 00:29:40,760 Speaker 1: feel like you can help a lot of people, especially 624 00:29:40,760 --> 00:29:44,240 Speaker 1: people who are in the beginning stages of creating a 625 00:29:44,240 --> 00:29:48,760 Speaker 1: money roadmap and in particular need help with that tracking 626 00:29:48,880 --> 00:29:51,440 Speaker 1: capability that we mentioned a little bit earlier on in 627 00:29:51,480 --> 00:29:54,120 Speaker 1: the show. Other absolute we have talked about, you know, 628 00:29:54,120 --> 00:29:56,320 Speaker 1: we've already mentioned on the show, but mints, a lot 629 00:29:56,360 --> 00:29:58,720 Speaker 1: of folks love and use you need to budget, and 630 00:29:58,840 --> 00:30:00,320 Speaker 1: some folks out there are still like me and go 631 00:30:00,400 --> 00:30:03,560 Speaker 1: old school and just punch it out in an Excel file. Personally, 632 00:30:03,600 --> 00:30:06,680 Speaker 1: I tattoo each expense on my arm. And because it 633 00:30:06,720 --> 00:30:10,160 Speaker 1: takes so long and it's so painful, it's a true 634 00:30:10,400 --> 00:30:13,000 Speaker 1: it's it truly keeps me from wanting to spend money. Yeah, 635 00:30:13,320 --> 00:30:16,640 Speaker 1: Memento style right exactly, with like a pen and just 636 00:30:16,680 --> 00:30:21,400 Speaker 1: digging in. I will never forget. But truly, Matt creating 637 00:30:21,480 --> 00:30:23,480 Speaker 1: a money roadmap right. There are a lot of tips 638 00:30:23,480 --> 00:30:25,960 Speaker 1: that we've given in this episode, but it's so important 639 00:30:25,960 --> 00:30:29,200 Speaker 1: to keep that destination where you're going at the forefront. 640 00:30:29,440 --> 00:30:31,400 Speaker 1: Are you trying to get to a place where you 641 00:30:31,440 --> 00:30:34,080 Speaker 1: don't have to worry about money anymore, that's an amazing goal. 642 00:30:34,400 --> 00:30:37,040 Speaker 1: Are you looking to change careers or do you have 643 00:30:37,080 --> 00:30:40,560 Speaker 1: the lofty goal of achieving financial independence in a shorter 644 00:30:40,600 --> 00:30:43,680 Speaker 1: amount of time than most people. Whatever your destination is, 645 00:30:43,720 --> 00:30:47,080 Speaker 1: whatever that end goal is on your money roadmap, that 646 00:30:47,200 --> 00:30:49,280 Speaker 1: is something that you're gonna want to keep at the forefront, 647 00:30:49,320 --> 00:30:53,800 Speaker 1: consistently remembering where going, why you're going there, and what 648 00:30:54,000 --> 00:30:57,440 Speaker 1: exciting lays ahead. I feel like, however, you can put 649 00:30:57,440 --> 00:30:59,760 Speaker 1: that in front of yourself, whether it's a message on 650 00:31:00,040 --> 00:31:02,920 Speaker 1: a mirror while you're brushing your teeth every morning, whatever 651 00:31:02,920 --> 00:31:05,400 Speaker 1: it is that's going to keep that end destination at 652 00:31:05,400 --> 00:31:08,920 Speaker 1: the forefront. Often in your life, a calendar reminder to 653 00:31:08,960 --> 00:31:11,520 Speaker 1: have that conversation with your significant other or with your 654 00:31:11,520 --> 00:31:14,640 Speaker 1: best friend once a month over a beer that's gonna 655 00:31:14,640 --> 00:31:18,640 Speaker 1: help you find success as you tackle the smaller goals 656 00:31:18,680 --> 00:31:21,720 Speaker 1: on your way to reaching your destination. All right, Joel, 657 00:31:21,960 --> 00:31:25,160 Speaker 1: let's get back to some some tasting notes. Alright, So, Matt, 658 00:31:25,160 --> 00:31:28,640 Speaker 1: we're drinking the thick th h I C C Coffee 659 00:31:28,680 --> 00:31:31,240 Speaker 1: Porter by Urban Family Brewing Company, given to us by 660 00:31:31,280 --> 00:31:34,520 Speaker 1: our new friend friend of the show, David David in Seattle, 661 00:31:34,800 --> 00:31:37,000 Speaker 1: David in Seattle. And the word I gave for this 662 00:31:37,080 --> 00:31:40,360 Speaker 1: beer at the beginning of the show was bold, bold. 663 00:31:40,600 --> 00:31:43,320 Speaker 1: And the reason I said bold was because it really 664 00:31:43,400 --> 00:31:46,760 Speaker 1: was his bold in your face coffee flavor. I thoroughly 665 00:31:46,920 --> 00:31:49,840 Speaker 1: enjoyed the beer. Uh, A porter is not my typical 666 00:31:49,840 --> 00:31:52,960 Speaker 1: go to style, but a coffee porter really kind of 667 00:31:53,560 --> 00:31:55,640 Speaker 1: amps it up. Get some buy in for me? Yeah, 668 00:31:55,840 --> 00:31:57,560 Speaker 1: because I love I love me some coffee and a 669 00:31:57,560 --> 00:32:01,440 Speaker 1: coffee beer. Because it's had such bowl coffee flavors, it 670 00:32:01,640 --> 00:32:04,960 Speaker 1: really piqued my interest and I man, I thoroughly enjoyed it. Yeah. Man. 671 00:32:05,000 --> 00:32:07,520 Speaker 1: For me, my word was black And the reason I 672 00:32:07,520 --> 00:32:11,600 Speaker 1: said that was because not only was this a coffee porter, 673 00:32:11,720 --> 00:32:14,080 Speaker 1: but it was a black coffee porter in the sense 674 00:32:14,120 --> 00:32:17,000 Speaker 1: that didn't have sugar or cream in it. It was 675 00:32:17,560 --> 00:32:20,640 Speaker 1: a little bit bitter, kind of had like those bitter 676 00:32:20,680 --> 00:32:22,680 Speaker 1: chocolate notes going on for it, but it was still 677 00:32:22,680 --> 00:32:26,280 Speaker 1: really balanced in a really enjoyable porter. I guess lately 678 00:32:26,280 --> 00:32:29,320 Speaker 1: we've had some more barrel aged stouts and porters things 679 00:32:29,360 --> 00:32:31,880 Speaker 1: like that, where the sweeter variety. Yeah, it imparts a 680 00:32:31,920 --> 00:32:34,480 Speaker 1: lot of sugar, which I do naturally like or I'm 681 00:32:34,560 --> 00:32:37,080 Speaker 1: drawn to. But it's also good to have something like 682 00:32:37,080 --> 00:32:40,440 Speaker 1: this where you realize, oh, I don't necessarily need all 683 00:32:40,800 --> 00:32:43,480 Speaker 1: that flavor and sugar going on in order for me 684 00:32:43,480 --> 00:32:45,440 Speaker 1: to enjoy this beer. I thought this was fantastic, and 685 00:32:45,560 --> 00:32:48,440 Speaker 1: yet again, it's always nice having a dark beer like 686 00:32:48,520 --> 00:32:51,480 Speaker 1: this in the wintertime and the cold, dark winter months. 687 00:32:51,920 --> 00:32:54,880 Speaker 1: It feels exceptionally appropriate. Although I'm not gonna be upset 688 00:32:54,920 --> 00:32:58,080 Speaker 1: when spring comes around. Okay, I'll be fine real quick. 689 00:32:58,080 --> 00:33:00,360 Speaker 1: What would you rate this beer on on tap? So 690 00:33:00,360 --> 00:33:02,800 Speaker 1: I think I'd give it a three point seven five. 691 00:33:03,280 --> 00:33:05,880 Speaker 1: That's right in my wheelhouse of like super freaking solid beers. 692 00:33:06,000 --> 00:33:08,800 Speaker 1: I'm with you. I'll say three seven five solid awesome beer. 693 00:33:08,840 --> 00:33:10,360 Speaker 1: I'm not sure we'll ever get the chance to drink 694 00:33:10,400 --> 00:33:13,200 Speaker 1: this again Urban Family Brewing, And if you're ever in 695 00:33:13,280 --> 00:33:16,200 Speaker 1: the Seattle area, be sure to check out Street Being 696 00:33:16,320 --> 00:33:18,560 Speaker 1: as well. They've got an awesome mission going on there 697 00:33:18,600 --> 00:33:21,240 Speaker 1: and maybe you'll you'll meet our friend David. All Right, Matt, 698 00:33:21,320 --> 00:33:23,960 Speaker 1: let's wrap it up with our favorite takeaways from this episode. 699 00:33:24,080 --> 00:33:28,080 Speaker 1: And for me, Man, having clear goals actually allows you 700 00:33:28,160 --> 00:33:30,120 Speaker 1: to have freedom to spend on the things that matter 701 00:33:30,160 --> 00:33:32,880 Speaker 1: to you the most, and I think when you're creating 702 00:33:32,920 --> 00:33:36,080 Speaker 1: a money roadmap, that's an important thing to remember, because 703 00:33:36,360 --> 00:33:38,840 Speaker 1: it's easy to try to clamp down on everything. But 704 00:33:38,880 --> 00:33:40,680 Speaker 1: part of the reason, right that we drink a beer 705 00:33:40,760 --> 00:33:43,719 Speaker 1: every episode is because it's something that matters to us 706 00:33:43,760 --> 00:33:46,000 Speaker 1: a lot, and we don't mind putting our money where 707 00:33:46,040 --> 00:33:48,520 Speaker 1: our mouth is in that regard, and we save well 708 00:33:48,560 --> 00:33:51,080 Speaker 1: in a bunch of other areas. So just remembering that 709 00:33:51,200 --> 00:33:53,920 Speaker 1: having clear goals can give you that freedom to spend 710 00:33:53,920 --> 00:33:56,280 Speaker 1: on the things that really truly do matter to you 711 00:33:56,440 --> 00:33:58,960 Speaker 1: is an important reason why you should be creating a 712 00:33:59,000 --> 00:34:01,640 Speaker 1: money roadmap. And another thing is that you want a 713 00:34:01,680 --> 00:34:04,960 Speaker 1: plan for the big expenses, and these are things that 714 00:34:05,080 --> 00:34:07,160 Speaker 1: might be boring, things that you kind of have to pay. 715 00:34:07,640 --> 00:34:10,120 Speaker 1: I mentioned car insurance. It's something that you have to 716 00:34:10,280 --> 00:34:13,080 Speaker 1: pay and you're acquired by law too. And also the 717 00:34:13,080 --> 00:34:15,080 Speaker 1: things that are just way more exciting, the things that 718 00:34:15,120 --> 00:34:18,160 Speaker 1: you're going to shape your summers around, or something that 719 00:34:18,200 --> 00:34:20,960 Speaker 1: you know you've got your sites set on, say this fall. 720 00:34:21,120 --> 00:34:23,160 Speaker 1: When you have a goal like Joel mentioned before, and 721 00:34:23,200 --> 00:34:25,560 Speaker 1: you have a time frame, then you can easily break 722 00:34:25,600 --> 00:34:29,040 Speaker 1: down that bigger goal into these smaller, bite sized chunks 723 00:34:29,080 --> 00:34:32,080 Speaker 1: that you can attack knock out every single month. Yeah, man, 724 00:34:32,120 --> 00:34:35,160 Speaker 1: And small changes over a long period of time equal 725 00:34:35,200 --> 00:34:38,839 Speaker 1: big change. And lastly, it's crucial to keep your destination 726 00:34:38,920 --> 00:34:41,799 Speaker 1: at the forefront. Often so, whether that's a sign on 727 00:34:41,840 --> 00:34:45,319 Speaker 1: your mirror or a regular conversation with somebody that is 728 00:34:45,440 --> 00:34:49,279 Speaker 1: actively involved in your life, continue to ask yourself the 729 00:34:49,400 --> 00:34:53,240 Speaker 1: question where are you going? Because knowing your destination, knowing 730 00:34:53,320 --> 00:34:56,279 Speaker 1: the end that's in sight cannot only motivate you to 731 00:34:56,360 --> 00:34:59,080 Speaker 1: do well. When it comes to those small incremental changes 732 00:34:59,120 --> 00:35:01,320 Speaker 1: that will add up a or time for you, it'll 733 00:35:01,360 --> 00:35:06,040 Speaker 1: just reinforce the behaviors that you are instilling in your 734 00:35:06,080 --> 00:35:10,080 Speaker 1: life and reframe them from being something that is deprivation 735 00:35:10,320 --> 00:35:13,840 Speaker 1: oriented to something that is truly goal oriented and helping 736 00:35:13,840 --> 00:35:15,600 Speaker 1: you get to the place that you want to go. 737 00:35:16,160 --> 00:35:18,040 Speaker 1: Yeay man. And honestly, you know, this really makes me 738 00:35:18,120 --> 00:35:21,040 Speaker 1: think of our episode that we did on the Why 739 00:35:21,160 --> 00:35:24,480 Speaker 1: behind Money, and this is what that episode was all about. 740 00:35:24,520 --> 00:35:26,680 Speaker 1: It was just all about setting goals. What is it 741 00:35:26,719 --> 00:35:28,719 Speaker 1: that you're seeking, what is it that you're chasing after. 742 00:35:29,160 --> 00:35:31,319 Speaker 1: When you have those goals, it makes everything else so 743 00:35:31,400 --> 00:35:33,560 Speaker 1: much easier. It gives you clarity. And that's the thing. 744 00:35:33,560 --> 00:35:35,839 Speaker 1: We don't want this to just be a New Year's 745 00:35:35,880 --> 00:35:38,239 Speaker 1: resolution that you just forget about and that you kind 746 00:35:38,239 --> 00:35:39,839 Speaker 1: of fall off the wagon. We want this to be 747 00:35:39,920 --> 00:35:44,080 Speaker 1: something that you're continually re energized to pursue and when 748 00:35:44,080 --> 00:35:47,520 Speaker 1: you have that huge, big why behind that money, that 749 00:35:47,680 --> 00:35:50,279 Speaker 1: is able to empower you even when you don't want to. 750 00:35:50,719 --> 00:35:53,200 Speaker 1: Al Right, everyone, thank you so much for listening. You 751 00:35:53,200 --> 00:35:56,239 Speaker 1: can head over to the website how to Money dot com. 752 00:35:56,280 --> 00:35:58,479 Speaker 1: As always will have some show notes up there for 753 00:35:58,560 --> 00:36:00,759 Speaker 1: you to check out, and if you like this show, 754 00:36:01,120 --> 00:36:02,560 Speaker 1: let us know, and the best way to do that 755 00:36:02,719 --> 00:36:06,520 Speaker 1: is by leaving a review on Apple Podcasts. Those reviews 756 00:36:06,600 --> 00:36:09,040 Speaker 1: help us know how we're doing. As host of this 757 00:36:09,120 --> 00:36:12,160 Speaker 1: show and also help other people that might be interested 758 00:36:12,200 --> 00:36:14,719 Speaker 1: in personal finance find out about this podcast. And so 759 00:36:14,920 --> 00:36:18,600 Speaker 1: until next time, best Friends Out, Best Friends Out,