WEBVTT - Friday Flight - Low Price EV Leases, Inflationary Amazon, & 24/7 Trading #819 0:00:00.080 --> 0:00:03.960 Welcome to Had of Money. I'm Joel and I am Matt, 0:00:04.040 --> 0:00:08.360 and today we're talking low price ev leases, inflationary Amazon, 0:00:08.600 --> 0:00:29.880 and twenty four to seven trading. That's right, buddy. 0:00:29.880 --> 0:00:32.240 It is Friday, and everybody who's listening right now knows 0:00:32.280 --> 0:00:34.559 that on Friday we talk about the best stories out 0:00:34.600 --> 0:00:37.640 there and how they pertain to your personal finance. So 0:00:37.680 --> 0:00:39.360 let's get after it. This could be their first episode. 0:00:39.360 --> 0:00:41.440 Maybe they don't know that. Well, that's what we do 0:00:41.520 --> 0:00:43.320 on Fridays. If you don't know, now you know, let's 0:00:43.640 --> 0:00:45.960 should we dally, should we stall, shall we tarry? Or 0:00:46.800 --> 0:00:47.320 do we move on? 0:00:47.720 --> 0:00:50.040 Well, just a crazy thing that happened to me a 0:00:50.040 --> 0:00:51.600 couple months ago, and I'm wondering this is gonna be 0:00:51.640 --> 0:00:53.600 an opportunity for us to like really get after it. Joel, 0:00:54.080 --> 0:00:56.720 I'm wondering how you would handle this. So if you 0:00:56.800 --> 0:00:59.160 are cheap, at least in the South, it's kind of 0:00:59.280 --> 0:01:03.080 weird scame situation. Uh So in this people pinestraw on 0:01:03.080 --> 0:01:04.800 in their yards. That's like what we do, at least 0:01:04.840 --> 0:01:06.880 in some parts of the South. And it was on 0:01:06.880 --> 0:01:08.440 my to do list for spring break. I was going 0:01:08.520 --> 0:01:10.840 to go to one of the home depot basically get 0:01:10.880 --> 0:01:12.480 a bunch of pine straw and tossed it down myself. 0:01:12.520 --> 0:01:14.880 I grew up spreading pintes. That was just like the 0:01:14.920 --> 0:01:17.679 quintessential spring time. Yes, it's how you know it's spring 0:01:17.920 --> 0:01:19.920 right at least in Augusta, Georgia, because it's like the 0:01:20.000 --> 0:01:23.240 dawn of the arrival of Master's Week, which we didn't even. 0:01:23.040 --> 0:01:25.280 Talk about masters a week a couple of weeks ago. 0:01:25.400 --> 0:01:28.280 But yeah, spreading pinestrawl, your dad pulls you by the ear, 0:01:28.319 --> 0:01:30.199 forces you out there to do it with the Yeah, yeah, 0:01:30.240 --> 0:01:32.240 no choice. So now I'm the dad. I have to 0:01:32.280 --> 0:01:35.720 do it myself. But this truck pulled by like literally 0:01:35.760 --> 0:01:37.360 the day I was going to go do it, and 0:01:37.440 --> 0:01:38.440 they had a bunch of pinestraw on the. 0:01:38.400 --> 0:01:39.840 Back, and they said, hey, how convenient. 0:01:39.880 --> 0:01:42.280 We'll do the pine straw for you for the low, 0:01:42.319 --> 0:01:44.920 low price. And they said eight bucks of bail. Basically, 0:01:44.959 --> 0:01:46.880 I think the price of buying the pine straws like 0:01:46.880 --> 0:01:48.559 four bucks of bales. So I was like, okay, cool, 0:01:48.600 --> 0:01:51.560 that's money included for your labor. He's like, oh, it's 0:01:51.560 --> 0:01:53.760 probably gonna be like twenty to twenty five bales. I 0:01:53.760 --> 0:01:56.160 did the math in my head I was like, great, okay, 0:01:56.320 --> 0:01:59.160 you're on go for it. You can take this task 0:01:59.400 --> 0:02:03.880 from my clutch. And then it's so weird. They did it. 0:02:03.880 --> 0:02:06.600 It looked good, but then they come up and they say, yeah, 0:02:06.640 --> 0:02:09.000 it's gonna be nine hundred and something dollars, and I 0:02:09.040 --> 0:02:10.680 was like, wait a second. I just did the math. 0:02:10.760 --> 0:02:13.040 You said twenty ish times eight. I was ready to 0:02:13.040 --> 0:02:14.320 pay two hundred bucks at max. 0:02:14.680 --> 0:02:15.640 I'm shocked. 0:02:16.240 --> 0:02:18.760 And we obviously had no like signed contract or anything. 0:02:18.760 --> 0:02:22.000 So it became this really weird back and forth and 0:02:22.160 --> 0:02:24.520 I just didn't know what to do. I did not 0:02:24.680 --> 0:02:26.800 handle that, but I knew that, like I wouldn't have 0:02:26.880 --> 0:02:28.239 asked them to do this. If I knew it was 0:02:28.240 --> 0:02:30.799 gonna be nine hundred and something dollars, that sounds ridiculous. 0:02:30.800 --> 0:02:33.639 I would have done it myself. And so I won't 0:02:33.639 --> 0:02:34.880 say I met them in the middle, but I was 0:02:34.919 --> 0:02:37.799 basically like, listen, this is kind of crazy. I don't 0:02:37.800 --> 0:02:39.560 know what to do here. I'm happy, And I even 0:02:39.560 --> 0:02:40.839 told the workers by that. I was like, I don't 0:02:40.840 --> 0:02:42.960 blame you. I blame your boss for sending you out 0:02:42.960 --> 0:02:45.960 here and like allowing you to take these tactics like 0:02:46.040 --> 0:02:48.360 it's on your boss, isn't this isn't on you? 0:02:48.400 --> 0:02:50.720 Well, what does the price come to? So, like you said, 0:02:50.720 --> 0:02:52.919 twenty so on the low end, you're thinking one hundred 0:02:52.919 --> 0:02:53.640 and sixty bucks, yep. 0:02:53.720 --> 0:02:55.040 But I was like, all right, maybe as much as 0:02:55.040 --> 0:02:57.399 like two hundred that's fine. Yeah, it's like a tiny 0:02:57.440 --> 0:02:58.920 bit more than that, that's cool. So when I ended 0:02:59.000 --> 0:03:00.520 up settling on with him, I said, I will pay 0:03:00.520 --> 0:03:02.000 you three hundred and fifty bucks and I will not 0:03:02.000 --> 0:03:04.920 pay him anymore. And if your boss wants to come 0:03:04.960 --> 0:03:07.160 over here and talk to me where, we can totally 0:03:07.200 --> 0:03:09.440 do that. But so I don't even know if I 0:03:09.440 --> 0:03:10.600 should have gone that high. 0:03:10.760 --> 0:03:13.720 It was a weird situation, unfortunately. I mean, okay, there's 0:03:13.760 --> 0:03:15.280 multiple things that could be going on here, right, Like 0:03:15.560 --> 0:03:19.760 obviously one is that truly it was not a good estimate, 0:03:20.000 --> 0:03:23.040 and it's a very bad estimate, a very bad estimate, 0:03:23.160 --> 0:03:26.720 and perhaps there is a lack of an ability to 0:03:26.760 --> 0:03:28.920 communicate what it was actually going to cost, right, So 0:03:29.000 --> 0:03:33.160 like an honest error basically, but then gargantuan error. I know, 0:03:33.240 --> 0:03:35.160 then that's five x error. And that's the thing if 0:03:35.160 --> 0:03:37.320 that is what you specialize in, not only in selling 0:03:37.360 --> 0:03:39.320 the pine Strull, but spreading it like you are going 0:03:39.360 --> 0:03:41.040 to have a pretty good idea of how many bales 0:03:41.280 --> 0:03:43.360 it's going to take to cover an area. So I'm 0:03:43.400 --> 0:03:45.000 assuming they had to use way more than twenty. 0:03:45.080 --> 0:03:46.440 He told me they had to use a lot more 0:03:46.480 --> 0:03:48.560 than that, and he was like, you should have known 0:03:48.600 --> 0:03:49.640 it was going to take more than that. I was like, 0:03:49.640 --> 0:03:50.440 how am I supposed to know? 0:03:50.480 --> 0:03:53.160 I don't know. Yeah, exactly. That is where I think 0:03:53.160 --> 0:03:55.240 it falls on them, because they should know. They should 0:03:55.240 --> 0:03:57.240 be able to look out a yard and as long 0:03:57.280 --> 0:03:58.800 as you were clear though, like hey, these are the 0:03:58.800 --> 0:04:02.280 beds we're talking about, they should pretty dang accurately know 0:04:02.640 --> 0:04:06.000 how many bails it would take. And so the so 0:04:06.040 --> 0:04:09.160 I already shared the honest mistake sort of path, but 0:04:09.440 --> 0:04:11.480 it sounds like it's more like they're just trying to 0:04:11.480 --> 0:04:12.680 they're trying to scale them scam. 0:04:12.760 --> 0:04:14.080 Yeah, that's the way it felt, because at the end 0:04:14.080 --> 0:04:15.800 they're like, hey, let's get my boss on the phone, 0:04:15.880 --> 0:04:18.880 and literally the phone noise like it says boss in 0:04:19.600 --> 0:04:21.280 on his iPhone or whatever when he hits ment to 0:04:21.279 --> 0:04:23.080 talk to his boss, and the guy's like, oh, I'm 0:04:23.120 --> 0:04:25.240 sorry they didn't coach you correctly, but come on, please 0:04:25.320 --> 0:04:27.640 kind of thing. Maybe it awkward, so awkward, so awkward, 0:04:27.640 --> 0:04:29.440 And I'm like, listen, this is my max, and if 0:04:29.480 --> 0:04:30.839 you want to come here and talk to me in person, 0:04:31.400 --> 0:04:33.440 we can talk it out like two adults. But I'm 0:04:33.480 --> 0:04:35.280 just not going to be in this like middle I 0:04:35.560 --> 0:04:37.760 like that. Yeah. So they went about their way, and 0:04:37.760 --> 0:04:39.320 when I said, they were like, what's the other solution? 0:04:39.360 --> 0:04:41.080 I was like, take all your pinestraw back? Can you 0:04:41.120 --> 0:04:43.320 take it back? Yeah? Which is crazy. Obviously that's not 0:04:43.360 --> 0:04:46.880 really a solution either. But I felt really awkward as 0:04:46.920 --> 0:04:48.760 a homeowner to be put in that position. And maybe 0:04:48.760 --> 0:04:51.160 that's on me for like not getting more details up 0:04:51.160 --> 0:04:52.760 front or anything like that. But they made it sound 0:04:52.920 --> 0:04:54.600 like it was super easy, super quick, and hey, we're 0:04:54.600 --> 0:04:55.320 going to be in and out. 0:04:55.360 --> 0:04:57.800 But yeah, I mean, if you're thinking, like on the 0:04:57.880 --> 0:05:00.040 high end, maybe to a little over two hundred bucks 0:05:00.080 --> 0:05:01.919 and then you ended up paying three fifty, that's a 0:05:02.000 --> 0:05:07.159 pretty generous contingency like that. There's enough room there that 0:05:07.240 --> 0:05:09.240 if it was an accurate quote and they did go 0:05:09.279 --> 0:05:10.800 over a little bit, that it would have covered their cost. 0:05:10.839 --> 0:05:13.920 But like you're talking it being like three times that 0:05:14.800 --> 0:05:16.280 as far as what they're actually looking to charge. 0:05:16.320 --> 0:05:18.320 So oh, it was basically five x because if I'm 0:05:18.320 --> 0:05:20.320 thinking one sixty, they asked for nine to sixty. Right, Well, 0:05:20.360 --> 0:05:22.080 I guess three x what you actually did end up paying. 0:05:22.080 --> 0:05:24.160 But yeah, either way, Yeah, I think I think I 0:05:24.160 --> 0:05:26.080 would have done something similar to. 0:05:25.880 --> 0:05:28.360 To which you. Okay, maybe even paid less to be honest, 0:05:28.360 --> 0:05:29.400 because I think I would have done the math. I 0:05:29.440 --> 0:05:31.960 would have said, yeah, like, okay, I'm almost thinking one sixty, guys, 0:05:32.000 --> 0:05:36.560 maybe two hundred. Uh, let's account for a twenty percent overage. Okay, 0:05:36.560 --> 0:05:38.440 I'll give you guys two fifty. Yeah, tops. 0:05:38.520 --> 0:05:40.640 And I felt more less frustrated about the money and 0:05:40.640 --> 0:05:43.240 more frustrated about kind of the position they put me in. Yeah, 0:05:43.240 --> 0:05:44.320 and it also made me want to go post in 0:05:44.360 --> 0:05:46.760 my neighborhood Facebook group pay gotcha watch out for these 0:05:46.760 --> 0:05:49.960 Pinestross gamber dads. It's uh yeah, just a terrible aiy 0:05:49.960 --> 0:05:51.760 to do business, obviously, and my guess is they're going 0:05:51.800 --> 0:05:53.440 to get somebody else to pay a whole lot more 0:05:53.440 --> 0:05:55.760 than they should probably, So yeah, okay, but enough about that, 0:05:55.800 --> 0:05:58.479 Let's move on to Friday flight Saplings of stories we 0:05:58.600 --> 0:06:01.400 found interesting this week, and they pertain to your personal finances. 0:06:01.480 --> 0:06:04.320 Let's start off by talking about EV's and a topic 0:06:04.440 --> 0:06:07.159 that we don't usually sing the praises of very often 0:06:07.680 --> 0:06:11.720 leasing the best way though to get an inexpensive ev 0:06:12.440 --> 0:06:14.359 it just might be And this goes counter two with 0:06:14.400 --> 0:06:15.640 so much of what we talk about most of the 0:06:15.640 --> 0:06:18.040 time when we talk about cars, to lease it. That's 0:06:18.040 --> 0:06:20.480 true normally, Matt. Of course, we're not big fans of leasing. 0:06:20.520 --> 0:06:22.960 It's more of a lifestyle choice than a smart financial one. 0:06:23.040 --> 0:06:25.039 When you lease a car, you're saying, I just like 0:06:25.040 --> 0:06:27.560 to upgrade by ride every couple of years, and I 0:06:27.560 --> 0:06:29.880 don't mind paying for the privilege of doing this. That 0:06:29.960 --> 0:06:32.359 is literally what you're saying when you lease a car. 0:06:32.440 --> 0:06:36.159 Most of the time. There are, though, exceptions to almost 0:06:36.160 --> 0:06:38.719 every rule that I can think of, and this is 0:06:39.040 --> 0:06:41.320 the same thing is true when we're talking about leasing. 0:06:41.360 --> 0:06:44.320 There are times where a lease can actually potentially make 0:06:44.520 --> 0:06:47.039 a decent financial sense. For example, Matt, you and I 0:06:47.080 --> 0:06:48.880 recently saw this and I had you, like, you know, 0:06:49.279 --> 0:06:53.040 looking into this hardcore. There's a Subaru electric vehicle that 0:06:53.360 --> 0:06:55.400 was being offered at two hundred and forty one dollars 0:06:55.480 --> 0:06:57.880 a month on a lease with zero down and by 0:06:57.880 --> 0:06:59.120 the way, you got to pay attention to that because 0:06:59.120 --> 0:07:00.560 sometimes like it's like, oh, that's it's a low monthly 0:07:00.640 --> 0:07:03.880 lease amount, but you got to pay down, right, so 0:07:03.920 --> 0:07:05.960 then that's not a deal. But this was zero down 0:07:06.040 --> 0:07:08.839 to forty one a month. That's pretty good. The Hondai 0:07:08.839 --> 0:07:11.320 Ionic is two hundred and twenty five bucks a month 0:07:11.400 --> 0:07:13.080 right now, with two hundred and twenty five down at 0:07:13.160 --> 0:07:15.440 least in some places. Yeah, Also, that's a good look 0:07:15.480 --> 0:07:17.800 at EV too. Yeah, yeah, it's a great deal. Yeah, 0:07:18.240 --> 0:07:20.720 it's no Chevy bolt Man a right, it's a hun 0:07:20.800 --> 0:07:23.560 day And Tesla just announced that they've reduced rates on 0:07:23.600 --> 0:07:26.040 some of their leases too, So I guess that if 0:07:26.080 --> 0:07:29.000 you're like, I don't know, I'm kind of like EV curious, 0:07:29.080 --> 0:07:31.600 well kicking the tires a little bit, might at least 0:07:31.600 --> 0:07:34.520 want leasing on your radar. Yeah, so many least EV's 0:07:34.560 --> 0:07:37.200 they still qualify for the seventy five hundred dollars federal 0:07:37.320 --> 0:07:39.640 tax credit, which is why that you're able to get 0:07:39.640 --> 0:07:43.000 that drastically reduced monthly payment. Basically, the dealers they receive 0:07:43.000 --> 0:07:45.280 those savings and they're able to pass that alone to 0:07:45.360 --> 0:07:48.560 you and reduce payments. And so if you've been considering EV, 0:07:49.120 --> 0:07:51.880 but you haven't wanted to take the plunge. Leasing one 0:07:51.880 --> 0:07:54.360 of the less expensive models might be a good way 0:07:54.400 --> 0:07:56.200 to test the waters. Just one of the numbers because 0:07:56.240 --> 0:07:57.720 they can make a lot more sense than they normally 0:07:57.760 --> 0:08:00.480 would do some calculations. See how much you might be 0:08:00.520 --> 0:08:03.880 saving in fuel costs, especially if for you to charge 0:08:03.880 --> 0:08:05.920 your EV at home. Yeah, that's where a lot of 0:08:05.920 --> 0:08:06.680 the savings happen. 0:08:06.720 --> 0:08:07.160 Absolutely. 0:08:07.200 --> 0:08:09.160 If you're charging on the go, you're paying a lot 0:08:09.200 --> 0:08:11.240 more per kill a lot or Whateverah. 0:08:11.240 --> 0:08:14.600 And Plus I'm thinking about too, just like as technology advances, 0:08:14.640 --> 0:08:17.400 like you aren't stuck with an EV that's massively outdated. 0:08:17.560 --> 0:08:19.440 It makes me think of is it Moore's law that 0:08:19.520 --> 0:08:22.560 says like every couple of years, technology like doubles and 0:08:22.600 --> 0:08:26.200 speed or essentially something like that, And that's not always 0:08:26.200 --> 0:08:27.920 true because like just look at cell phones right and 0:08:27.960 --> 0:08:30.080 the costs go down to there is a drastic increase 0:08:30.200 --> 0:08:33.080 in capabilities and speed, and same thing with computers. But 0:08:33.200 --> 0:08:35.480 I feel like when it comes to evs, we are 0:08:35.480 --> 0:08:39.160 just in the beginning like phases, the beginning cycles of 0:08:39.200 --> 0:08:42.320 that and the ability to lease it means you're not 0:08:42.360 --> 0:08:44.440 stuck with something that you pay tens of thousands of 0:08:44.440 --> 0:08:47.520 dollars for where before long it feels like you've got 0:08:47.520 --> 0:08:50.240 like a dinosaur on your hands. And here's the thing which. 0:08:50.200 --> 0:08:52.199 Has how anybody feels if they've got a twenty sixteen 0:08:52.280 --> 0:08:52.800 niece on leak. 0:08:52.880 --> 0:08:56.360 Yes, exactly, and it's not that. What we're proposing here 0:08:56.480 --> 0:08:57.520 is that you need to go out there and have 0:08:57.520 --> 0:09:00.839 the latest and greatest features in the latest colors on 0:09:00.920 --> 0:09:03.320 the on the ev It's truly because of the fact 0:09:03.360 --> 0:09:06.959 that the range has increased so much in recent years. 0:09:07.080 --> 0:09:08.840 It's literally so you can go where you need to go. 0:09:09.040 --> 0:09:11.960 Yes, which is the ability to save money. This isn't 0:09:12.000 --> 0:09:13.840 And so what I'm highlighting here is the fact that 0:09:13.880 --> 0:09:17.240 we're not looking at this through a lifestyle lens. This 0:09:17.320 --> 0:09:19.520 is where like we're viewing this through a financial lens, 0:09:19.520 --> 0:09:21.480 and by doing that it looks like it could make 0:09:21.520 --> 0:09:22.520 sense for a whole lot of folks. 0:09:22.600 --> 0:09:25.120 Yeah, and I still think about the Toyota announcing they've 0:09:25.120 --> 0:09:27.120 got the solid state battery techno exactly what I'm thinking 0:09:27.120 --> 0:09:29.680 Of'm talking about nine hundred plus miles potentially that you 0:09:29.720 --> 0:09:32.800 can get on a charge with the batteries that are 0:09:32.800 --> 0:09:34.480 going to be rolling out in a few years. Maybe 0:09:34.840 --> 0:09:37.440 that's the kind of game changing technology that makes evs 0:09:37.520 --> 0:09:40.240 just prone to some sort of massive adoption cycle and 0:09:40.840 --> 0:09:43.080 costs going down as well. They continue to go down, 0:09:43.400 --> 0:09:44.959 and so guess what, you least for a couple of 0:09:45.000 --> 0:09:46.439 years because you want to go EV, you want to 0:09:46.440 --> 0:09:48.280 save on the gas, and you kind of want to 0:09:48.280 --> 0:09:50.600 test the waters. Well, then at some point a few 0:09:50.679 --> 0:09:53.280 years down the road, when the technology is even better 0:09:53.600 --> 0:09:56.320 and maybe the prices have gone down even more, that's 0:09:56.320 --> 0:09:57.280 when you pounce. 0:09:57.040 --> 0:09:59.360 In you by, Yeah, it seems that there's like the 0:09:59.400 --> 0:10:03.200 potential or massive depreciation in the coming years, which is 0:10:03.200 --> 0:10:05.760 why as a potential EV buyer, I think you should 0:10:05.880 --> 0:10:08.080 maybe be a little hesitant if you are thinking about 0:10:08.080 --> 0:10:10.960 plunking another change to purchase one rather than perhaps to 0:10:11.040 --> 0:10:13.679 lease it, which again sounds crazy because we've always been 0:10:13.720 --> 0:10:14.120 against that. 0:10:14.240 --> 0:10:16.720 So yeah, yeah, well, and I think one other point 0:10:16.760 --> 0:10:18.920 on that is that we know the federal tax cardit 0:10:19.040 --> 0:10:21.240 is going to be around for many many years to come, 0:10:21.280 --> 0:10:23.560 and so it's not like that time's running out on 0:10:23.600 --> 0:10:25.800 that or anything like that. So when you buy one 0:10:26.240 --> 0:10:27.840 maybe four or five years down the road, guess what, 0:10:27.840 --> 0:10:29.439 you're still going to get that price break on that too. 0:10:29.679 --> 0:10:31.480 This true, right, since we're talking about EV's there was 0:10:31.520 --> 0:10:35.240 an article in Bloomberg about energy nerds who obsess over 0:10:35.280 --> 0:10:37.920 their electricity bills and they do anything they can do 0:10:37.960 --> 0:10:40.080 to reduce it. Matt, I don't know if you felt 0:10:40.160 --> 0:10:41.640 a kinship with some of those people. That seems like 0:10:41.679 --> 0:10:42.880 sounds like something I could see you going down that 0:10:42.920 --> 0:10:43.319 rabbit hole. 0:10:43.320 --> 0:10:46.560 It's funny because like the kids will go off to school, 0:10:46.679 --> 0:10:49.480 and certain days of the week, I am at home 0:10:49.559 --> 0:10:51.320 alone before I walk to work. 0:10:51.400 --> 0:10:53.240 Can I guess what you do? Do you turn off 0:10:53.240 --> 0:10:54.240 all the lights in the house. 0:10:54.760 --> 0:10:56.720 Well, it's just always such a rush in the morning, 0:10:56.800 --> 0:10:59.240 and so like there are multiple fans going on in 0:10:59.280 --> 0:11:01.240 east room, all all the different lights are on, and 0:11:01.280 --> 0:11:03.360 I just a lot of times they haven't flushed. 0:11:03.160 --> 0:11:05.040 The toilet as well. So I just like to leave 0:11:05.080 --> 0:11:07.280 the house again to know it's not just my kid, 0:11:07.320 --> 0:11:08.200 but I just like to leave the. 0:11:08.200 --> 0:11:10.080 House in a good state. You know, when I leave 0:11:10.480 --> 0:11:11.199 to go to work. 0:11:11.040 --> 0:11:13.000 I'm not going to say, like the closet lights are 0:11:13.040 --> 0:11:15.040 on or the bathroom locks on, like I. 0:11:15.000 --> 0:11:16.920 Go turn them all off before I leave. Like that. 0:11:16.920 --> 0:11:18.680 That's just a weird quirk that I have. And apparently 0:11:18.720 --> 0:11:21.719 you do too. Therefore we are energy nerds. Okay, yeah, 0:11:21.760 --> 0:11:25.880 we're not alone. We're guys energy dad nerds. Well, obviously 0:11:25.920 --> 0:11:27.960 it's true that you could buy different gadgets right to 0:11:27.960 --> 0:11:31.600 help you reduce electricity consumption and to monitor what you're 0:11:31.679 --> 0:11:34.440 using more thoroughly. You know, you can get solar panels 0:11:34.559 --> 0:11:37.360 or batteries for storage, and it's neat to see the 0:11:37.400 --> 0:11:39.240 way some of those guys are implementing some of those 0:11:39.280 --> 0:11:43.440 devices in their homes in order to reduce energy consumption. 0:11:43.760 --> 0:11:45.319 But I think one of the other things worth noting 0:11:45.360 --> 0:11:48.080 is that one of the easiest ways to save is 0:11:48.120 --> 0:11:51.480 to change your pricing plan and then change your habits Accordingly. 0:11:52.200 --> 0:11:54.040 We've talked about this before, Matt, but it's been a minute. 0:11:54.040 --> 0:11:56.720 There are, of course off peak plans that a lot 0:11:56.760 --> 0:12:01.760 of utility providers offer that will charge you more for 0:12:01.920 --> 0:12:05.000 using electricity during peak hours and then far far less 0:12:05.320 --> 0:12:08.679 for using electricity during off peak times. So even if 0:12:08.679 --> 0:12:10.360 you don't drive an ev by the way, you might 0:12:10.640 --> 0:12:13.520 find that you're able to reduce your electricity bill by 0:12:13.679 --> 0:12:17.000 what's known as load flexing, basically doing your laundry, running 0:12:17.000 --> 0:12:19.559 the dishwasher at night. That kind of stuff, and if you. 0:12:19.520 --> 0:12:21.720 Do have when you should be doing them anyway, because 0:12:22.040 --> 0:12:24.520 the noise associated with I mean, I would you run 0:12:24.559 --> 0:12:25.079 your dishwasher? 0:12:25.120 --> 0:12:26.719 Is it like typically over nine default? Yeah? 0:12:26.800 --> 0:12:29.160 Yea, And I feel like it just naturally fits within 0:12:29.240 --> 0:12:30.320 people's lifestyle anyway. 0:12:30.400 --> 0:12:32.960 Yeah, And we don't have an EV anymore, although Rabbi 0:12:32.960 --> 0:12:35.760 in twenty twenty six, baby, but when we do, Matt, 0:12:35.880 --> 0:12:38.440 this is perfect for folks like that. We've talked to 0:12:38.720 --> 0:12:41.360 listener Greg who spends almost nothing to charge his EV 0:12:41.760 --> 0:12:43.680 overnight because he charges it overnight, and he's on one 0:12:43.720 --> 0:12:46.960 of these flex plans. And so I love the idea 0:12:47.000 --> 0:12:48.960 of being able to save money just by being on 0:12:49.040 --> 0:12:52.240 a different plan and changing our usage just when we 0:12:52.360 --> 0:12:55.160 use certain features of our home. That's a nifty way 0:12:55.160 --> 0:12:56.680 to save money that most people don't think about. 0:12:56.760 --> 0:12:58.920 Yeah, you said he pays next to nothing. He pays 0:12:59.040 --> 0:13:02.000 one point eight cents per kill a lot hour. And 0:13:02.040 --> 0:13:04.640 I actually I rechecked it because I was curious because 0:13:04.640 --> 0:13:07.120 I crushed the numbers not too long ago. But I'm like, 0:13:07.120 --> 0:13:08.920 all right, let's see if that was just like a 0:13:09.000 --> 0:13:12.880 something like a promotion, perhaps no still around, Well it 0:13:12.960 --> 0:13:14.880 was one point seven, so yes, it did go up, 0:13:14.880 --> 0:13:18.200 but now it's one point eight per kill a lot hour. 0:13:18.600 --> 0:13:20.920 But when we're saying, like when we're talking about EV's 0:13:20.960 --> 0:13:23.520 and potentially leasing them, and when I say to crunch 0:13:23.559 --> 0:13:26.160 the numbers, we're not just talking about the difference in 0:13:26.400 --> 0:13:28.760 leasing an EV and just purchasing an EV, but also 0:13:28.800 --> 0:13:30.839 compare it to your gas bill, because you're going to 0:13:30.880 --> 0:13:33.040 see a dramatic savings when it comes to the amount 0:13:33.040 --> 0:13:35.400 of money you're able to save in what you spend 0:13:35.400 --> 0:13:37.440 at the gas station every single month. Because I know 0:13:37.520 --> 0:13:41.280 for us, at a minimum, based on the daily commute 0:13:41.280 --> 0:13:43.720 for school, we're spending two hundred and fifty dollars a month. 0:13:43.840 --> 0:13:47.560 Like all the no's pretty evenly on gas depending on 0:13:47.600 --> 0:13:48.640 what the price per gallon is. 0:13:48.760 --> 0:13:50.439 Super Release basically pays ourselves. 0:13:50.520 --> 0:13:53.120 Yes, that's the thing. When you like, those same number 0:13:53.120 --> 0:13:56.920 of miles traveled via an EV would be and I've 0:13:57.040 --> 0:13:59.720 got it on my spreadsheet six dollars and fifty cents 0:14:00.160 --> 0:14:03.120 a month a month, which is incredible and so literally 0:14:03.160 --> 0:14:05.600 when you are looking at being able to charge your 0:14:05.679 --> 0:14:08.240 vehicle at night from at least here in Georgia it's 0:14:08.320 --> 0:14:12.360 from eleven pm to seven am, it literally cost one 0:14:12.400 --> 0:14:15.320 point eight cents per kilo kill a hours. So those 0:14:15.360 --> 0:14:17.080 are the kind of numbers we want you out there 0:14:17.120 --> 0:14:19.360 to be crunching as you're considering something like this, because 0:14:19.640 --> 0:14:21.200 it truly could save you a ton of money. 0:14:21.240 --> 0:14:23.920 Yeah, and if someone came to you and said, hey, listen, 0:14:24.000 --> 0:14:27.520 we'll cut your electricity bill in you know, by two thirds. 0:14:27.920 --> 0:14:29.480 But you just got to make this, this and this 0:14:29.600 --> 0:14:32.080 change and only run these devices at this time of night. 0:14:32.280 --> 0:14:33.680 A lot of us would do that. But the truth 0:14:33.720 --> 0:14:36.160 is that offer is available for us. We just you know, 0:14:36.200 --> 0:14:38.480 go to your local utility provider's website and see what 0:14:38.520 --> 0:14:40.520 they've got. I bet they've got an off peak plan 0:14:40.640 --> 0:14:41.720 that might be able to suit your needs. 0:14:41.800 --> 0:14:43.600 Yeah, it's just crazy. And just to think that some 0:14:43.640 --> 0:14:45.920 of the monthly least amounts are so low, and when 0:14:45.960 --> 0:14:49.400 you are taking energy costs into account, you might be thinking, well, 0:14:49.400 --> 0:14:51.920 why don't I just get an EV because it's like 0:14:52.280 --> 0:14:54.800 it's almost like you're paying me to drag this EV 0:14:54.880 --> 0:14:56.880 around except for the cost of insurance. 0:14:56.640 --> 0:14:59.440 Which is the downside. One thing that other people and 0:14:59.560 --> 0:15:01.400 you as well well, Matt, might want to think about 0:15:01.560 --> 0:15:04.040 if you opt to go this route is to install 0:15:04.200 --> 0:15:06.400 solar panels. So guess what, maybe maybe you're not even 0:15:06.440 --> 0:15:09.840 paying the utility provider a dime. 0:15:10.120 --> 0:15:13.000 Maybe truly, overall, they are paying you not just to 0:15:13.360 --> 0:15:17.360 drive the ev but also to provide the grid with 0:15:17.400 --> 0:15:18.400 electricity from your home. 0:15:18.480 --> 0:15:20.240 Yeah, exactly. In some places you can make money for 0:15:20.280 --> 0:15:23.320 selling the electricity you're creating at your home back to 0:15:24.040 --> 0:15:27.240 the utility provider. But okay, solar panels. I saw this 0:15:27.320 --> 0:15:29.760 story in I believe it was the financial times are 0:15:29.800 --> 0:15:33.280 becoming so cheap that people are using them as fence 0:15:33.320 --> 0:15:36.360 panels in the Netherlands and in Germany. They're not able 0:15:36.360 --> 0:15:38.760 to capture rays in the same way when they're installed 0:15:38.920 --> 0:15:40.840 as when they're installed on the roof, but it's also 0:15:40.840 --> 0:15:43.280 a lot cheaper because you don't Yeah, it cuts down 0:15:43.360 --> 0:15:45.840 the cost of installation. That's one of the most expensive 0:15:45.840 --> 0:15:48.480 parts now of installing solar is the people who actually 0:15:48.480 --> 0:15:51.600 do the installation, because basically, when you look at the numbers, 0:15:51.800 --> 0:15:54.720 a solar panel cost eleven cents per watt at the 0:15:54.800 --> 0:15:57.040 end of March or but and that's half the price 0:15:57.080 --> 0:15:59.320 it was at the same time last year. So the 0:15:59.360 --> 0:16:01.640 price of solar panels is just dropping like a rock. 0:16:02.080 --> 0:16:04.720 And of course this doesn't mean we're ready to upend 0:16:04.720 --> 0:16:08.040 some of our traditional energy sources yet, but the rapid 0:16:08.040 --> 0:16:10.760 decline in the cost of solar and then these ingenious 0:16:10.800 --> 0:16:13.080 approaches to using solar panels. I love this man. I 0:16:13.120 --> 0:16:15.320 think this is a great sign. Instead of putting wood 0:16:16.480 --> 0:16:19.160 privacy fences up in your yard, make them solar panels 0:16:19.400 --> 0:16:21.640 because guess what, it might be cheaper and then it 0:16:21.720 --> 0:16:24.200 might actually pay back in the long run. Two, because 0:16:24.200 --> 0:16:26.240 you're able to generate some extra energy. Even if it's 0:16:26.240 --> 0:16:28.640