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

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Speaker 2: Today we're talking the cheap travel truth with Scott Kay's.

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Speaker 1: Yeah, who doesn't wish that they were currently listening to

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Speaker 1: this episode while lounging on the beach, or like maybe

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Speaker 1: on a European adventure, maybe even completely off the grid

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Speaker 1: hiking somewhere. Amazing Joe. It makes me think of like

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Speaker 1: the old show Who Wants to Be a Millionaire? It's

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Speaker 1: like Who wants to be a World Traveler, except that

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Speaker 1: this is something that people actually have a shot at

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Speaker 1: doing because of who we're talking with. Our guest today

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Speaker 1: is no stranger to How to Money. Scott Kay's. He's

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Speaker 1: the founder of Going. It's the travel platform that was

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Speaker 1: formerly known as Scott's Cheap Flights and over at Going,

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Speaker 1: Scott is all about helping travelers snag the absolute best

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Speaker 1: flight deals. They've got over two million subscribers there, which

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Speaker 1: is just incredible. He was just talking about how busy

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Speaker 1: he's been. He was just on Good Morning America. And

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Speaker 1: even though you may not be a subscriber yourself, I

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Speaker 1: think you're gonna get a lot out of our conversation today,

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Speaker 1: especially if you are interested in doing a little more traveling. Scott,

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Speaker 1: thank you for coming back on How to Money.

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Speaker 3: Ah, so good to be back.

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Speaker 4: Thanks to the both of you, of course, glad to

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Speaker 4: have you. Scott.

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Speaker 2: The question we asked you a couple of years ago

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Speaker 2: when you were on, and we're gonna ask you again

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Speaker 2: is what do you like to sporge on? What's your

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Speaker 2: craft beer equivalent? We know you're smart, you're saving for

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Speaker 2: your future, but you got sporge on something too, right?

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Speaker 4: What is it?

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Speaker 3: I'm gonna throw you a curveball here my personal splurge

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Speaker 3: credit card fees. I look back and over the past year,

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Speaker 3: I think I've spent over two thousand dollars in credit

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Speaker 3: card fees. Now you're probably hearing that, like Scott, what

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Speaker 3: is wrong with you? But the thing is what that

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Speaker 3: two thousand dollars bought me is somewhere between one and

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Speaker 3: two million frequent flyers.

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Speaker 4: Wow.

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Speaker 3: And those frequent flyer miles is how I'm able to

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Speaker 3: travel with my family of four to you know, we're

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Speaker 3: going to Japan this summer, going to Montana in a

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Speaker 3: few weeks. Be able to get these flights for basically

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Speaker 3: next to nothing using those frequent flyer miles. So for me,

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Speaker 3: that's a those credit card fees for those sign up

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Speaker 3: bonuses are well worth it because it lets us travel

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Speaker 3: in a way that's much more affordable than it would

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Speaker 3: be otherwise.

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Speaker 1: The fees are worth. The Squeeze says, as.

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Speaker 3: Long as you're candling it responsible as I could spend

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Speaker 3: you know, ten hour us.

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Speaker 1: That's that's what we spend all the rest of our

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Speaker 1: episodes doing.

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Speaker 2: Scott, how much money in flights do you think two

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Speaker 2: thousand dollars annually in credit card fee saves you?

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Speaker 3: Oh? Goodness? So, I mean a million points would probably

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Speaker 3: get us. I mean, if we're flying domestically, let's say

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Speaker 3: that would get us twenty five thousand points per person.

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Speaker 3: That'd be one hundred thousand points per family trip, ten flights.

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Speaker 3: Let's say each one costs usually I don't call it

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Speaker 3: five hundred dollars, So that'd be saving at least three

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Speaker 3: or four thousand dollars on flights, probably more because the

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Speaker 3: more you travel use those for international travel, the higher

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Speaker 3: the savings, and frankly, the more you use them for

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Speaker 3: that front of the plane redemptions if you're ever traveling

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Speaker 3: in business class or something like that, that's where the real

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Speaker 3: savings are. You know, I'll let you guys in on

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Speaker 3: a hidden secret in air travel. Most people who are

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Speaker 3: traveling at the front of the plane, if they're not

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Speaker 3: you know, multimillionaires ninety five percent of the time, and

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Speaker 3: they're not traveling on business, they're using frequent Flyer miles

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Speaker 3: to sit fairly. And that's how people get access to

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Speaker 3: those seats.

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Speaker 1: They're not just they're not just risch, they're just they're savvy.

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Speaker 3: They're savvy exactly if they're not uber wealthy, they're just

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Speaker 3: using miles to get up there. That is the secret

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Speaker 3: kind of access point to those those live flap business

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Speaker 3: class seat that everybody fawns over on Instagram.

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Speaker 1: Very cool, all right, got to keep that in mind.

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Speaker 1: Let's talk about before we go full on into the

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Speaker 1: travel Scott, can you talk about the relationship between the economy,

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Speaker 1: just like as a whole and airfare prices, Like does

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Speaker 1: stock market volatility, does tariff policy? Have you seen that

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Speaker 1: impact travel demand and the prices that we pay for travel.

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Speaker 3: I'm so glad you guys start off on such a

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Speaker 3: simple soft questions, just.

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Speaker 1: A really easy I figured about the third time you're

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Speaker 1: on the show. We can kind of we can go ahead,

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Speaker 1: load up right.

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Speaker 3: Seriously, No, it's look, it's a complicated question. And here's what.

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Speaker 3: Here's from a high level, what happens, uh when there

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Speaker 3: are economic downturns. Historically you do see travelers pull back

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Speaker 3: in their spending. You know, people consider travel as largely

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Speaker 3: a quote unquote discretionary purchase, and so when they're tightening

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Speaker 3: their belts, you can't always, you know, scrimp on rent

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Speaker 3: or food, and so you scrimp instead on travel plans.

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Speaker 3: What is a little bit different I think right now

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Speaker 3: in this this you know, fears of economic downturn today

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Speaker 3: versus previous ones, is that over the past few years,

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Speaker 3: coming out of the pandemic, there's been a huge rush

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Speaker 3: towards more premium travel, a lot of people spending more

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Speaker 3: to sit towards the front of the plane, to fly more,

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Speaker 3: you know, international NonStop, just spending more on travel on

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Speaker 3: sort of more pampered flights and travel in the first place.

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Speaker 3: And so what I could foresee happening this time is

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Speaker 3: a lot of those people who had been sitting purchasing

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Speaker 3: a premium economy or business class flights tightening their belt

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Speaker 3: doesn't necessarily mean not vacationing. It just might mean coming

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Speaker 3: back into economy rather than sitting up towards the front

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Speaker 3: of the plane. Now, there will be some people who

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Speaker 3: fly economy today who might be canceling vacations. But you

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Speaker 3: actually might see basically a level amount, you know, no

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Speaker 3: real drop off in demand for economy seats going forward,

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Speaker 3: even if there's an economic downturn, just the compositional shift

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Speaker 3: of who is purchasing those, So you might see flight

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Speaker 3: prices actually not get cheap, significantly cheaper the way they

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Speaker 3: have in previous economic downturns, because there are a lot

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Speaker 3: of people who are coming up from higher and sort

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Speaker 3: of downgrading themselves into the back of the plane. That's

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Speaker 3: my that's my guess coming into this. The good news,

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Speaker 3: I think there's going to be a lot more availability

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Speaker 3: for people who do have the money to purchase premium

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Speaker 3: economy or business class, and certainly for people with those

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Speaker 3: miles to be able to get more award availability.

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Speaker 2: How does like the way other countries view us impact

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Speaker 2: our travel economy?

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Speaker 1: Right?

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Speaker 2: Like there have been stories about Canadians reacting to tarists

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Speaker 2: and they're like, I'm not going to vacation in the

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Speaker 2: United States, Yeah, boycoty, which makes sense to me, Like,

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Speaker 2: that's totally understandable. What sort of impact does that have

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Speaker 2: on airlines and airfare quite.

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Speaker 3: A bit, you know, by by by some estimates, anywhere

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Speaker 3: from ten or somewhere around ten percent of the worldwide

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Speaker 3: economy is based on is travel or travel related, you know,

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Speaker 3: and that includes everything from hotels and airlines and stuff

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Speaker 3: to also like restaurants and and things that tourists tend

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Speaker 3: to engage in. So this is not a small part

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Speaker 3: of the worldwide economy. It is substantial. And so when

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Speaker 3: you see a lot of Canadians or Mexicans or Europeans

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Speaker 3: who otherwise were planning to visit the US to pull

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Speaker 3: back from that because they just you know, whether negative

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Speaker 3: sentiment or whatever about the United States, that is that's

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Speaker 3: something that is very directly felt by a lot of

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Speaker 3: hotel proprietors, restaurateurs, like different parts of the economy. Now,

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Speaker 3: we are a large enough country that it doesn't have

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Speaker 3: quite the same impact that if you know, if we

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Speaker 3: were a small, largely tourism based economy and you saw

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Speaker 3: pull back, that would be devastating. But it definitely hurts

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Speaker 3: at the margin and especially if you're in this situation

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Speaker 3: where there's already economic anxiety about you know, you see

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Speaker 3: the stock market down ten to fifteen percent. If then

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Speaker 3: also sales at your restaurant are are going down, sales

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Speaker 3: at your hotel are going down, that is, that's that's

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Speaker 3: not good. So for folks who do work in tours

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Speaker 3: and related industries, I would be pretty concerned about the

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Speaker 3: lack of about a significantly fewer international arrivals. I think

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Speaker 3: for most other folks who are working, it probably is

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Speaker 3: a little bit orthogonal. It's not necessarily something that they're

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Speaker 3: going to feel a direct impact in their day to

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Speaker 3: day life.

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Speaker 1: Okay, let's take a step back. Let's boom out slightly

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Speaker 1: from the day by day or maybe week by week

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Speaker 1: tariff policy and by minute mission. Yes, it just depends

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Speaker 1: on how blessly you watch it. But let's step back,

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Speaker 1: zoom out a little bit. Because airfare prices they have

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Speaker 1: outpaced inflation over the past past few years. Like I'm

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Speaker 1: thinking about how revenge travel was a thing a couple

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Speaker 1: of years ago or a few years ago, but like

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Speaker 1: in a segment with lots of choice and a fair

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Speaker 1: amount of competition, was it just the fact that we

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Speaker 1: could not see the airlines respond quickly enough to the

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Speaker 1: increase in demand do to maybe perhaps the stimulus money,

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Speaker 1: the excess cash that we saw that folks had on hand.

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Speaker 3: So airfare is something that is is I call it

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Speaker 3: the most volatile thing that people purchase. It is it's always,

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Speaker 3: you know, bopping up and down. It's not like even

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Speaker 3: something else that changes frequently, like gas prices. You know,

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Speaker 3: usually that's changing just a little bit here and there,

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Speaker 3: and you tend to see it. You know, if gas

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Speaker 3: prices go up from three dollars to call it three thirty,

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Speaker 3: it's usually going to hit three ten, and then three

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Speaker 3: twenty and then three thirty, and it's kind of gradually

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Speaker 3: creeping up. Where's airfare? You know? I talked about this

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Speaker 3: flight I was watching once from Atlanta to Amsterdam. I

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Speaker 3: searched it on Monday. It was eight hundred dollar dollars

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Speaker 3: round trip. Searched it again the next day on Tuesday,

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Speaker 3: three hundred dollars round trip, searched the flight again on Wednesday,

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Speaker 3: thirteen hundred dollars round you're talking about the exact same flight,

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Speaker 3: I mean.

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Speaker 2: Nothing else as much as the price of eggs.

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Speaker 3: Yeah, yeah, yeah, exactly. Other than eggs, nothing else quite

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Speaker 3: behaves the way airfare does. And so that type of

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Speaker 3: volatility is not sort of accidental to airfare. It's sort

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Speaker 3: of inherent in the way that it behaves. And there's

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Speaker 3: really complicated reasons why that's the case, but suffice to

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Speaker 3: say that kind of topsy turviness is just essential to

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Speaker 3: what airfare is now. When you look at airfare over

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Speaker 3: the past, basically coming out of the pandemic, so let's

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Speaker 3: say for the past five years, what you saw is,

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Speaker 3: of course, it crash immediately in March twenty twenty, and

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Speaker 3: then really in spring and summer of twenty twenty two

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Speaker 3: really sergeificantly higher than where it was pre pandemic. But

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Speaker 3: after summer twenty twenty two, and this doesn't get quite

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Speaker 3: as much eyeballer attention, it actually really came down substantially,

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Speaker 3: where to the point that airfare today is actually cheaper

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Speaker 3: than it was in February twenty twenty. It's one percent

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Speaker 3: lower than it was, and that's without even adjusting for inflation.

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Speaker 3: So everything economy wide, you know, it's somewhere twenty twenty

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Speaker 3: five percent more expensive than it was in February twenty

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Speaker 3: twenty airfare one percent cheaper than it was. It's seventeen

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Speaker 3: percent cheaper than it's peak in June twenty twenty two,

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Speaker 3: and if you adjust for overall inflation, it's around it's

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Speaker 3: around record lows right now. It's kind of this remarkable,

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Speaker 3: untold story that even as most things in our lives

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Speaker 3: are getting more and more expensive, airfare is actually getting cheaper.

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Speaker 3: But I think it's hard to explain. It's hard to

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Speaker 3: tell because again I go to that volatility. When you're

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Speaker 3: searching for flights, you might see one that is low,

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Speaker 3: and then you know, you search it again, it gets high,

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Speaker 3: and you search it again, it stays in the middle.

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Speaker 3: It's hard to kind of get a good grasp of

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Speaker 3: the way we can with gas prices, where every time

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Speaker 3: we're driving down the road we see what it costs

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Speaker 3: and it's pretty consistent.

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Speaker 2: So yeah, one of the things the volatility is this

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Speaker 2: a case in which folks who aren't paying attention are

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Speaker 2: essentially subsidizing the folks who are the people you talked

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Speaker 2: about people sitting at the front of the plane. They're

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Speaker 2: often not the rich people, they're the savvy people. Is

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Speaker 2: the people who save the most money on airfare. Are

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Speaker 2: they the ones who don't just say I got to

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Speaker 2: go to this place on this date by the ticket.

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Speaker 2: They're the ones who are doing the research and taking

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Speaker 2: the extra time.

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Speaker 3: Yeah, I think it's partly doing the research, but I

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Speaker 3: think it's also the people who are savvy enough to

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Speaker 3: pull the trigger when the price is right. So, if

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Speaker 3: you think of an airplane, you know, two hundred seats

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Speaker 3: on it, it is very likely that if it has

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Speaker 3: two hundred passengers, that they paid two hundred different prices

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Speaker 3: to there. I mean, you know, slightly exaggery. It's probably

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Speaker 3: like one hundred or one hundred and twenty five different prices.

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Speaker 3: But for argument's sake, let's say it's two hundred different prices.

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Speaker 3: You are having the exact same experience as the person

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Speaker 3: sitting next to you on that airplane, but one of

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Speaker 3: you may have paid double to be there than the

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Speaker 3: other person. And it's obviously our job, Like the whole

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Speaker 3: reason I started going in the first place was to

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Speaker 3: make sure that our members are the ones who are

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Speaker 3: paying half the price of the person sitting next to them.

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Speaker 3: But the way that folks tend to get that is

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Speaker 3: again by pulling the trigger when the price is right,

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Speaker 3: and you never know exactly when it's going to be cheapest.

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Speaker 3: If you did, you know airline, nobody would ever overpay airlines.

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Speaker 3: The whole airline pricing model would be broken. And so instead,

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Speaker 3: what you have to do is kind of have a

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Speaker 3: sense on when cheap flights are most likely to pop up,

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Speaker 3: but then when they do, make sure you book it

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Speaker 3: because you know. I'll give you an example. My wife

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Speaker 3: is flying out to Boston from Portland on the West

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Speaker 3: Coast to Boston to visit her nephew, and flights usually

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Speaker 3: would cost three hundred, three hundred and fifty bucks for

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Speaker 3: round trip for that route, if you're talking about a

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Speaker 3: NonStop flight, but a couple about a week or two ago,

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Speaker 3: you know, I got an alert from the from the

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Speaker 3: app that hey, flight prices from Portland to Boston just

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Speaker 3: dropped down to one hundred and seventeen dollars round trip.

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Speaker 3: So went in just booked it really quick because I knew, hey, look,

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Speaker 3: this is an amazing price. It's way better than normal,

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Speaker 3: and it's unlikely to go any lower. Let's just book

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Speaker 3: this now and lo and behold after you know, a

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Speaker 3: day after we booked it, it bopped back up to

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Speaker 3: two hundred and fifty dollars. So the thing about flight

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Speaker 3: prices is you don't it doesn't have to stay at

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Speaker 3: one hundred and seventeen. You just have to catch it

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Speaker 3: when it's at that low price, because when it goes

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Speaker 3: back up, no big deal. You've already locked in the

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Speaker 3: low price.

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Speaker 4: Can't sit on your hands.

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Speaker 1: You got to be ready to pounce. You got to

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Speaker 1: exactly pull that trick exactly. So why we're talking about

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Speaker 1: just some of the services y'all offer, we got to

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Speaker 1: talk about mistake fares. And one of your airfare predictions

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Speaker 1: for this year, for twenty twenty five was that we'd

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Speaker 1: see something like three to seven of these mistake fares.

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Speaker 1: How many have popped up so far? And I guess,

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Speaker 1: like maybe explained to listeners how these things actually come about,

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Speaker 1: And yeah, maybe what steps we need to be that

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Speaker 1: we need to take ahead of time to be able

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Speaker 1: to take advantage of these mistake fairs.

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Speaker 2: Someone came about fired behind the scenes publishing that mistake fair.

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Speaker 3: There are definitely times when people have gotten fired at

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Speaker 3: airlines as a result of mistake fairs. I like to

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Speaker 3: think it's pretty uncommon, Like to I like to hope

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Speaker 3: that management is charitable. We all make mistakes in our lives,

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Speaker 3: and hopefully most of us aren't losing their jobs over that.

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Speaker 3: But what a mistake fairy is at its core is

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Speaker 3: when an airline accidentally sells a ticket for ninety ninety

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Speaker 3: five percent less than it intended to. You know, back

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Speaker 3: about a decade ago, I personally got a deal from

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Speaker 3: New York City to Milan for a one hundred and

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Speaker 3: thirty dollars round trip. There's a NonStop flight on United,

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Speaker 3: bags included the whole the works. Uh, And that was

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Speaker 3: a ticket that they probably meant to sell for thirteen

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Speaker 3: hundred dollars, but they forgot a zero at the end.

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Speaker 3: But you know, if you if you just book it happen,

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Speaker 3: jump on it before they fix the mistake, then you

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Speaker 3: are the proud owner of the probably the best deal

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Speaker 3: you've ever gotten in your life. Those are mistake fairs.

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Speaker 3: They're the holy grail of the cheap of the cheap

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Speaker 3: flight world. That's what we're kind of waking up every

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Speaker 3: morning hoping to find. So, yeah, you're right, I predicted,

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Speaker 3: you know, yeah, I think it was three to six,

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Speaker 3: three to seven mistake fares this year which is about

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Speaker 3: in line with what we've seen over the past few years.

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Speaker 3: I think my team might you know, I've got it's

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Speaker 3: not just me at going, it's we've got a team

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Speaker 3: of fifty five people. I think some of the flight

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Speaker 3: experts whose job it is to find in these deals

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Speaker 3: every day, they're out to embarrass me because they've already

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Speaker 3: found three mistake fares and it's not even you know,

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Speaker 3: we're a quarter of the way through twenty twenty five.

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Speaker 3: So there was one over to premium economy flight over

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Speaker 3: to Spain usually cost you know, closer to two thousand dollars.

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Speaker 3: It was a mistake fair for as little as six

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Speaker 3: hundred and three dollars round trip. A flight down to

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Speaker 3: Brazil for two hundred and eighty seven dollars round trip.

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Speaker 3: I mean, these types of deals are will My favorite

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Speaker 3: one was in recent memory was one in the middle

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Speaker 3: of twenty twenty four flight over to Dublin for one

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Speaker 3: hundred and fourteen dollars round trip Delta and Air France.

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Speaker 3: This is not some bomb airline you've never heard of

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Speaker 3: or anything. These types of deals, you know, they're they're

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Speaker 3: totally random, they're unpredictable, and they don't tend to last long.

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Speaker 3: It's the other thing. You've got to book them really,

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Speaker 3: you know, in a matter of hours usually, And so

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Speaker 3: that's why finding out about it as early as possible

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Speaker 3: gives you as much time to decide if you're going

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Speaker 3: to take.

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Speaker 1: Advantage just the kind of trip that even if I

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Speaker 1: wasn't planning to travel, Scott like you ability to show

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Speaker 1: a little bit of flexibility. I mean, that's that's certainly

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Speaker 1: where we're.

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Speaker 3: A one hundred percent. I mean that one hundred and

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Speaker 3: thirty dollars Milan flight. I woke up that morning with

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Speaker 3: zero intention of booking a flight to Italy was the

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Speaker 3: furthest thing from my mind. But when I stumbled across that,

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Speaker 3: fer didn't take a whole lot of convinced.

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Speaker 1: I tell you that, you're like, well, I guess I

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Speaker 1: got to do that now.

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Speaker 3: So yeah, exactly, I guess I'm going to Milan. I'm

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Speaker 3: not a fashionable guy, am I even welcome there?

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Speaker 1: Like, I'm sure you up your wardrobe while you were

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Speaker 1: while you were there, white white T shirt and black jeans.

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Speaker 1: I think you could pull that off.

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Speaker 3: I definitely splurged on some like, you know, skiing in

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Speaker 3: the Alps, went to an ac Milan soccer game, went

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Speaker 3: hiking in Chinquitara, like some of the took some of

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Speaker 3: those flight savings and just reallocated it to other parts

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Speaker 3: of the trip.

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Speaker 2: That's awesome. I think what you're what you're getting at

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Speaker 2: too here is flexibility. One flexibility and being able to

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Speaker 2: just like purchase something really quickly, but also flexibility on

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Speaker 2: where you're going. Like you you didn't wake up wanting

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Speaker 2: to go to Milan, but she ended up going there

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Speaker 2: because the deal was so good. So talk about the

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Speaker 2: importance of flexibility when we're booking cheap airfare, like when

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Speaker 2: you fly the airline you fly, and even the destination absolutely.

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Speaker 3: So look, I think you know, when I'm asked for

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Speaker 3: the best cheap flights tip, uh that I can offer.

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Speaker 3: There are two types of trips. The type of trip

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Speaker 3: where you've got specific dates and place you want to

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Speaker 3: go and you're hoping to get the best deal. That's

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Speaker 3: got a whole different set of recommendations. But when you've

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Speaker 3: got that uh, you know you're talking about a vacation. Oh,

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Speaker 3: I'm just hoping to get away, go somewhere with my

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Speaker 3: significant other and my family, whatever it is. Those are

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Speaker 3: the types of vacations where flexibility is by far the

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Speaker 3: most important thing that you can do to get a

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Speaker 3: cheap flight. So the way that most people and and

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Speaker 3: and and tell me, Matt and Joel, if this sounds familiar,

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Speaker 3: the way that most people plan their vacations is a

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Speaker 3: three step process. They say, step one, you decide where

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Speaker 3: you want to go, Step two, you decide when you

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Speaker 3: want to go there, and then step three you look, well,

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Speaker 3: what are the flights called? What's what's the airfare look like?

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Speaker 3: Does that sound familiar?

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Speaker 2: The only I might swap one in two and I

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Speaker 2: might say the dates sometimes supersede the destination.

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Speaker 1: With kids on the school calendar, man, yeah, you're locked in.

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Speaker 3: That academic calendar is non totally totally, So step one

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Speaker 3: and two, when and where? Step three what are the

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Speaker 3: flights cost? Understandable? It's the traditional way of planning a vacation.

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Speaker 3: But what I like to tell folks is that, look,

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Speaker 3: if you if cheap flights are a priority, if you're

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Speaker 3: really hoping to get a good deal, take that same

397
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Speaker 3: three step process and flip it on its head. Don't

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Speaker 3: make cheap don't make the price of airfare the last priority.

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Speaker 3: Make it the first priority. Step one, what cheap flights

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Speaker 3: are available from my home airport? Understanding that this is

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Speaker 3: something that changes every single day. Oh, you know there's

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Speaker 3: a let's say you live in New York. Oh, there's

403
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Speaker 3: a flight right now over to Greece for three hundred

404
00:20:53,680 --> 00:20:56,000
Speaker 3: and fifty two dollars, you know, round trip. That's a

405
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Speaker 3: real deal that we found this week, by the way.

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Speaker 3: Or it could go to Barcelona for four fifty or

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Speaker 3: I could go down to Bermuda for two eighty five. Okay.

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Speaker 3: Step two, you know of those places that are cheap,

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Speaker 3: which one interests you the most? Oh, I'd love to

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Speaker 3: go to Athens. You know, I've never been there, and

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Speaker 3: I've been big classical history buff. Step three, what dates

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Speaker 3: work for my schedule?

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Speaker 4: Oh?

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Speaker 3: You know, we could go in late May. The weather

415
00:21:20,040 --> 00:21:23,199
Speaker 3: seems great, good time to get away. So by setting

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Speaker 3: price as the top priority rather than the last priority,

417
00:21:26,960 --> 00:21:29,439
Speaker 3: that's how you end up getting really cheap flights and

418
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Speaker 3: being able to take three or four vacations for the

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Speaker 3: same price you used to pay for one. I think

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Speaker 3: a lot of us just kind of by inertia or

421
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Speaker 3: without thinking, sacrifice that flexibility that we inherently have on

422
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Speaker 3: those vacations without even realizing it, and then we're surprised

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Speaker 3: that why the Hecker flights so expensive? Every time I search,

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Speaker 3: it seems like they're you know, one thousand or two

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Speaker 3: thousand dollars without realizing that. In some ways, we've kind

426
00:21:55,800 --> 00:21:59,080
Speaker 3: of done it to ourselves and by setting by by

427
00:21:59,119 --> 00:22:02,000
Speaker 3: by not taking a way that flexibility, at least being

428
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Speaker 3: able to compare what a destinations cost on different dates

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Speaker 3: and then decide which one seems like the best for

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Speaker 3: you and your situation. That's what I advocate for folks,

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Speaker 3: so that you know, you wouldn't walk into a restaurant

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Speaker 3: and you know, just wave off the waiter bringing you

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Speaker 3: the menu and be like, I'll have the surloin and

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Speaker 3: then be shocked, and you know, when it's a sixty

435
00:22:22,480 --> 00:22:25,119
Speaker 3: dollars seventy dollars bill or something, be like, I actually

436
00:22:25,119 --> 00:22:25,800
Speaker 3: want to see.

437
00:22:25,600 --> 00:22:27,200
Speaker 1: Some people do it and be able to compare the

438
00:22:27,800 --> 00:22:30,080
Speaker 1: joels of the world, no matter what I'm getting, the

439
00:22:30,119 --> 00:22:32,520
Speaker 1: stake no object to me just going there.

440
00:22:32,560 --> 00:22:34,760
Speaker 3: Well, that bring me your finest meat gar song.

441
00:22:34,880 --> 00:22:36,720
Speaker 1: Yeah, that is a certain type of traveler. Of course,

442
00:22:36,800 --> 00:22:38,600
Speaker 1: market price, I can afford that, but what about. I mean,

443
00:22:38,600 --> 00:22:41,320
Speaker 1: you did mention like it's a different set of criteria

444
00:22:41,400 --> 00:22:43,680
Speaker 1: or a different strategy if you do have specific dates.

445
00:22:43,760 --> 00:22:45,720
Speaker 1: So for instance, like your wife, you mentioned her going

446
00:22:45,720 --> 00:22:48,119
Speaker 1: to Boston. It sounds like one of the strategies you

447
00:22:48,160 --> 00:22:51,440
Speaker 1: employed was just to is it to regularly check in

448
00:22:51,440 --> 00:22:53,919
Speaker 1: in order to sort of snag it. As as the

449
00:22:53,920 --> 00:22:55,680
Speaker 1: pendulum is swinging and you're trying to nail it, like

450
00:22:55,760 --> 00:22:57,239
Speaker 1: right in the middle. I picture some sort of like

451
00:22:57,680 --> 00:23:00,240
Speaker 1: Chuck E Cheese game where you have to like, is

452
00:23:00,240 --> 00:23:00,880
Speaker 1: that what you're doing?

453
00:23:00,960 --> 00:23:04,080
Speaker 3: Basically, So the way that when you've got a specific

454
00:23:04,200 --> 00:23:07,320
Speaker 3: trip in mind, you know specific dates you're hoping to

455
00:23:07,359 --> 00:23:11,240
Speaker 3: go over spring break, there's you'll still benefit from flexibility.

456
00:23:11,240 --> 00:23:13,160
Speaker 3: So even if you're only going you know, you only

457
00:23:13,160 --> 00:23:16,440
Speaker 3: have some break free if you only look at Miami

458
00:23:17,520 --> 00:23:19,840
Speaker 3: might be pretty expensive. You're like, well, I'll keep an

459
00:23:19,880 --> 00:23:22,679
Speaker 3: eye in Miami and Charleston, in Houston, in LA and

460
00:23:22,720 --> 00:23:24,760
Speaker 3: see you know where it pops up. You're going to

461
00:23:24,800 --> 00:23:26,960
Speaker 3: have a lot higher odds of cheap flights. But let's

462
00:23:26,960 --> 00:23:31,399
Speaker 3: say you're going to Nashville in September for your sister's wedding.

463
00:23:31,600 --> 00:23:34,119
Speaker 3: You know you can't negotiate with her on the on

464
00:23:34,240 --> 00:23:35,840
Speaker 3: when the wedding is going to be so you can

465
00:23:35,840 --> 00:23:39,080
Speaker 3: get a better flight deal. You just gotta go. The

466
00:23:39,119 --> 00:23:41,880
Speaker 3: best way to get cheap flights, or to at least

467
00:23:41,960 --> 00:23:47,440
Speaker 3: avoid overpaying for those real kind of inflexible travel plans,

468
00:23:48,359 --> 00:23:51,840
Speaker 3: is to get the timing of your booking right. And

469
00:23:52,040 --> 00:23:54,840
Speaker 3: getting the timing right is not you know, you'll see,

470
00:23:54,960 --> 00:23:57,840
Speaker 3: you'll read online. Sometimes they'll say, oh, you got a book,

471
00:23:57,880 --> 00:24:00,359
Speaker 3: you know, sixty three days in advance, You've got a

472
00:24:00,359 --> 00:24:03,840
Speaker 3: book Tuesdays at one pm. None of those are good advice.

473
00:24:03,920 --> 00:24:07,840
Speaker 3: Those are terrible pieces of advice. Instead, the best way

474
00:24:07,880 --> 00:24:09,280
Speaker 3: to do it is to think about it in terms

475
00:24:09,320 --> 00:24:12,840
Speaker 3: of what I call it Goldilocks window. Not too early,

476
00:24:13,200 --> 00:24:16,040
Speaker 3: not too late, just right in the middle. And during

477
00:24:16,080 --> 00:24:20,040
Speaker 3: these Goldilocks windows is when cheap flights are at their

478
00:24:20,560 --> 00:24:23,480
Speaker 3: I have the best odds of popping up. You've got

479
00:24:23,480 --> 00:24:26,080
Speaker 3: the best the highest likelihood of seeing a cheap flight.

480
00:24:26,119 --> 00:24:29,040
Speaker 3: It's still is low odds, but you know you might

481
00:24:29,080 --> 00:24:32,080
Speaker 3: see a five percent chance every day during a Goldilocks

482
00:24:32,080 --> 00:24:34,960
Speaker 3: window of a cheap flight popping up on your route,

483
00:24:35,040 --> 00:24:38,320
Speaker 3: versus maybe only a one percent chance outside of a

484
00:24:38,359 --> 00:24:41,600
Speaker 3: Goldilocks window. So it depends if you're flying peak or

485
00:24:41,640 --> 00:24:44,160
Speaker 3: off peak travel dates, and it depends if you're flying

486
00:24:44,160 --> 00:24:48,240
Speaker 3: domestic or international. For off peak domestic flights, about one

487
00:24:48,280 --> 00:24:50,600
Speaker 3: to three months in advance, that's when you're most likely

488
00:24:50,640 --> 00:24:53,920
Speaker 3: to see those cheap flights popping up. For peak traveling,

489
00:24:53,960 --> 00:24:57,440
Speaker 3: you know, spring break, Summer, Christmas, New Year, you're most

490
00:24:57,560 --> 00:24:59,520
Speaker 3: likely to see it three to six months in advance.

491
00:24:59,560 --> 00:25:02,359
Speaker 3: It's a little bit further out, but if you're hoping

492
00:25:02,359 --> 00:25:06,280
Speaker 3: to travel internationally, a couple months added to each of those,

493
00:25:06,359 --> 00:25:09,200
Speaker 3: so you know, two to eight months for off peak,

494
00:25:09,280 --> 00:25:13,600
Speaker 3: four to ten months in advance for peak travel dates. Again,

495
00:25:13,920 --> 00:25:17,120
Speaker 3: it's not a guarantee. Not every flight is cheap during

496
00:25:17,119 --> 00:25:20,040
Speaker 3: a Goldilocks window, but it's when you're at the best odds.

497
00:25:20,040 --> 00:25:22,640
Speaker 3: I like to say that, you know, look, think about

498
00:25:22,720 --> 00:25:25,800
Speaker 3: Lebron James. Every time he steps on a basketball court,

499
00:25:25,840 --> 00:25:28,040
Speaker 3: he's favored to win, but it doesn't mean he never

500
00:25:28,160 --> 00:25:31,840
Speaker 3: loses a game. Like this is when your odds are good,

501
00:25:31,880 --> 00:25:34,680
Speaker 3: but it doesn't mean you're always going to see it

502
00:25:34,760 --> 00:25:37,560
Speaker 3: during those so you'll never see it outside a Goldilocks window.

503
00:25:37,800 --> 00:25:40,000
Speaker 4: This is where Scott announceds his fan dual endorsement.

504
00:25:40,280 --> 00:25:43,679
Speaker 3: Yeah, well, I'm an Ohio boy growing up, so I

505
00:25:43,720 --> 00:25:46,920
Speaker 3: gotta I have to maintain my Lebron loyalty even as

506
00:25:46,920 --> 00:25:48,600
Speaker 3: a Trailblazers fan these days.

507
00:25:48,840 --> 00:25:51,000
Speaker 2: Yes, all right, Scott, We've got more to get to

508
00:25:51,000 --> 00:25:53,760
Speaker 2: with you, including we want to talk more about fair alerts,

509
00:25:53,760 --> 00:25:57,040
Speaker 2: and also I want to run a travel scenario by you.

510
00:25:57,040 --> 00:25:58,560
Speaker 4: We'll get through that and more right after this.

511
00:26:06,760 --> 00:26:07,120
Speaker 1: We're back.

512
00:26:07,160 --> 00:26:09,840
Speaker 2: We're still talking with Scott. Kay's talking about cheap travel

513
00:26:10,400 --> 00:26:13,720
Speaker 2: and Scott, I think you know when people fly irregularly, right,

514
00:26:13,960 --> 00:26:15,440
Speaker 2: I think you were hinting at this earlier too.

515
00:26:15,440 --> 00:26:16,320
Speaker 4: With the price of gas.

516
00:26:16,520 --> 00:26:19,800
Speaker 2: We fill up on gas unless we're electric vehicle owners

517
00:26:20,200 --> 00:26:22,560
Speaker 2: all the time, like once a week, and so the

518
00:26:22,600 --> 00:26:24,920
Speaker 2: price of gas is in the forefront of our mind.

519
00:26:25,119 --> 00:26:28,040
Speaker 2: How do people know if the price they're seeing is

520
00:26:28,080 --> 00:26:30,280
Speaker 2: a deal, if they should book, or if they should

521
00:26:30,320 --> 00:26:34,119
Speaker 2: wait because they're in the goldilocks window. Hey, this looks solid,

522
00:26:34,200 --> 00:26:38,320
Speaker 2: but I don't know, Like I don't fly to Richmond,

523
00:26:38,359 --> 00:26:40,280
Speaker 2: Virginia on the rig, so I don't even know if

524
00:26:40,320 --> 00:26:40,840
Speaker 2: that's a good deal.

525
00:26:41,320 --> 00:26:45,320
Speaker 3: You've basically got two options. You can study this stuff

526
00:26:45,440 --> 00:26:48,159
Speaker 3: really kind of become an expert and try to really

527
00:26:49,160 --> 00:26:54,080
Speaker 3: monitor what flights cost on your specific routes and how

528
00:26:54,119 --> 00:26:57,080
Speaker 3: that fluctuates not only month to month, but also with

529
00:26:57,119 --> 00:27:00,240
Speaker 3: the economy and changes in the travel industry. For a

530
00:27:00,240 --> 00:27:03,760
Speaker 3: lot of people, myself included, that's their idea of fun.

531
00:27:04,040 --> 00:27:07,120
Speaker 3: They love getting to into the thick of how airfare

532
00:27:07,160 --> 00:27:11,800
Speaker 3: behaves and whatnot. For most people, buying flights is the

533
00:27:11,840 --> 00:27:14,760
Speaker 3: worst part of travel. They hate, you know, it's just

534
00:27:14,800 --> 00:27:16,719
Speaker 3: a means to an end. They think about the vacation,

535
00:27:16,840 --> 00:27:18,960
Speaker 3: they think about sipping the cocktails on the beach, not

536
00:27:19,080 --> 00:27:22,639
Speaker 3: the purchasing the flight over there, and that's like just

537
00:27:22,760 --> 00:27:27,320
Speaker 3: a dreaded but necessary task there. And so for those people,

538
00:27:27,480 --> 00:27:31,480
Speaker 3: that's where the going app is trying to make sure

539
00:27:31,520 --> 00:27:34,040
Speaker 3: that they're not overpaying. So we like to say, you know,

540
00:27:34,440 --> 00:27:36,760
Speaker 3: you give us your home airport, we will let you

541
00:27:36,880 --> 00:27:39,879
Speaker 3: know when cheap flights pop up from your home airport,

542
00:27:39,960 --> 00:27:42,919
Speaker 3: so you don't have to be monitoring constantly. And for

543
00:27:43,000 --> 00:27:45,479
Speaker 3: those specific trips you're hoping for, you can set up

544
00:27:45,480 --> 00:27:47,919
Speaker 3: a price alert and we can help guide you to

545
00:27:47,960 --> 00:27:50,720
Speaker 3: make sure that you know when the goldilocks window is.

546
00:27:50,760 --> 00:27:53,600
Speaker 3: You know when prices are dropping on that or when

547
00:27:53,640 --> 00:27:56,680
Speaker 3: there's a good deal or bad deal, because you know, frankly,

548
00:27:56,720 --> 00:28:00,080
Speaker 3: there's just there's too many options to be able to

549
00:28:00,119 --> 00:28:03,560
Speaker 3: have any confidence if you're not an expert in this stuff.

550
00:28:03,600 --> 00:28:08,840
Speaker 3: You know, there's thousands of different routes, airlines constantly changing

551
00:28:08,880 --> 00:28:13,080
Speaker 3: their prices. I don't begrudge anybody who feels overwhelmed by

552
00:28:13,119 --> 00:28:16,280
Speaker 3: air for it. That was me ten fifteen years ago,

553
00:28:16,320 --> 00:28:20,760
Speaker 3: before I became stuff to pinch myself a professional cheap

554
00:28:20,880 --> 00:28:24,520
Speaker 3: flight Earth, But that was me. I felt like every

555
00:28:24,520 --> 00:28:26,239
Speaker 3: time I would search for flights, it seemed like they

556
00:28:26,240 --> 00:28:27,720
Speaker 3: were so expensive.

557
00:28:27,960 --> 00:28:29,600
Speaker 1: It makes me feel like going to the grocery store,

558
00:28:29,600 --> 00:28:32,080
Speaker 1: where like you are just inundated with options and there's

559
00:28:32,160 --> 00:28:34,520
Speaker 1: no shortage of information out there, especially when it comes

560
00:28:34,520 --> 00:28:36,840
Speaker 1: to all the different destinations, all the different airlines.

561
00:28:36,880 --> 00:28:39,520
Speaker 3: It's a paradox of choice, and it's one that you know,

562
00:28:40,080 --> 00:28:43,920
Speaker 3: is allow me to nerd out for just a moment.

563
00:28:44,040 --> 00:28:47,640
Speaker 3: You know, the way that we purchase flights has undergone

564
00:28:47,680 --> 00:28:51,840
Speaker 3: these historical transformations. So before call it two thousand, the

565
00:28:51,880 --> 00:28:54,080
Speaker 3: way that you would purchase flights was you would go

566
00:28:54,160 --> 00:28:57,640
Speaker 3: to an in person travel agent. I remember going with

567
00:28:57,680 --> 00:29:00,280
Speaker 3: my parents and sitting down with the travel agent would

568
00:29:00,280 --> 00:29:03,000
Speaker 3: help you know, book the flights for US and hotels

569
00:29:03,040 --> 00:29:07,040
Speaker 3: and everything else. And then sometime around two thousand, people

570
00:29:07,080 --> 00:29:11,040
Speaker 3: started instead of doing that, booking their own airfare and

571
00:29:11,080 --> 00:29:14,920
Speaker 3: hotels and while not online, and so you have more choice,

572
00:29:14,960 --> 00:29:16,959
Speaker 3: you have more autonomy. You don't have to pay the

573
00:29:17,000 --> 00:29:20,760
Speaker 3: fees of travel agents. But what is expected of you

574
00:29:21,120 --> 00:29:24,160
Speaker 3: is it's sort of level of expertise. You've got this

575
00:29:24,360 --> 00:29:27,719
Speaker 3: fire hose of millions of airfares and no idea what

576
00:29:27,800 --> 00:29:30,920
Speaker 3: to do with it. It's like having, you know, an

577
00:29:31,040 --> 00:29:33,600
Speaker 3: entire novel of war and peace, but it's all written

578
00:29:33,600 --> 00:29:37,040
Speaker 3: in Vietnamese, like good luck if you don't actually understand

579
00:29:37,040 --> 00:29:40,200
Speaker 3: the language. And so that's where that's kind of why

580
00:29:40,240 --> 00:29:42,480
Speaker 3: we started doing this, to help try to decipher and

581
00:29:42,520 --> 00:29:46,520
Speaker 3: decode and help be a sort of trusted expert for

582
00:29:46,840 --> 00:29:50,400
Speaker 3: travelers so that they're not feeling like they're alone in

583
00:29:50,480 --> 00:29:52,360
Speaker 3: this in this hunt for a good.

584
00:29:52,200 --> 00:29:54,920
Speaker 2: Deal, you mentioned kind of antiquated ways of booking travel,

585
00:29:55,040 --> 00:29:57,200
Speaker 2: and I feel like travel agents are kind of on

586
00:29:57,240 --> 00:29:57,760
Speaker 2: the comeback.

587
00:29:58,600 --> 00:30:00,160
Speaker 4: And I also have seen is.

588
00:30:00,160 --> 00:30:02,440
Speaker 2: That because they're now just called influencers, Like maybe I

589
00:30:02,440 --> 00:30:04,600
Speaker 2: mean is that no like you could literally find full

590
00:30:04,640 --> 00:30:06,800
Speaker 2: circle travel agents who will book your travel for you,

591
00:30:07,160 --> 00:30:10,240
Speaker 2: and people are sourcing. I mean, like I have a

592
00:30:10,240 --> 00:30:12,800
Speaker 2: friend who does this and we talked about a trip

593
00:30:12,800 --> 00:30:15,040
Speaker 2: I'm taking this summer, and I'm like, I don't know,

594
00:30:15,360 --> 00:30:17,200
Speaker 2: maybe she can help me out here, But what do

595
00:30:17,200 --> 00:30:19,200
Speaker 2: you think about travel agents? I also saw something I'm

596
00:30:19,200 --> 00:30:21,680
Speaker 2: not on TikTok, but someone sent me a TikTok video

597
00:30:22,040 --> 00:30:24,600
Speaker 2: about going to the airport to book your airfare and

598
00:30:24,600 --> 00:30:27,320
Speaker 2: how you could potentially save money by going to the

599
00:30:27,320 --> 00:30:30,719
Speaker 2: physical airport in order to snag your tickets for an

600
00:30:30,760 --> 00:30:31,440
Speaker 2: upcoming trip.

601
00:30:31,840 --> 00:30:32,320
Speaker 1: Is that true?

602
00:30:32,360 --> 00:30:34,760
Speaker 2: I mean those seem like both like kind of wild things.

603
00:30:34,960 --> 00:30:36,240
Speaker 2: They feel like a relic of the past.

604
00:30:36,360 --> 00:30:40,000
Speaker 3: I'll take the travel agent one first. So what I

605
00:30:40,000 --> 00:30:42,920
Speaker 3: think is, like, what is driving this comeback is you know,

606
00:30:42,920 --> 00:30:45,000
Speaker 3: we talked a little bit earlier about the rise in

607
00:30:45,080 --> 00:30:48,880
Speaker 3: sort of premium travel, people with more money in their

608
00:30:48,920 --> 00:30:51,680
Speaker 3: bank accounts coming out of the pandemic and more willing

609
00:30:51,760 --> 00:30:54,920
Speaker 3: to spend it on premium economy, business class and nice

610
00:30:55,040 --> 00:30:57,400
Speaker 3: or hotels things like that. And so I think, to

611
00:30:57,440 --> 00:31:00,040
Speaker 3: the extent you see a comeback and travel agent, the

612
00:31:00,160 --> 00:31:04,320
Speaker 3: days it's geared towards a more luxury travel set, rather

613
00:31:04,400 --> 00:31:07,880
Speaker 3: than a sort of mass market travel the way you

614
00:31:07,960 --> 00:31:13,960
Speaker 3: saw call it pre two thousand. They can be beneficient.

615
00:31:14,040 --> 00:31:17,400
Speaker 3: You can actually get savings for or especially if you've

616
00:31:17,440 --> 00:31:20,200
Speaker 3: got complex itineraries you're hoping to go places that are

617
00:31:20,240 --> 00:31:25,400
Speaker 3: really far flung, they can absolutely be beneficial. But I

618
00:31:25,400 --> 00:31:27,880
Speaker 3: think for most you know, you're just flying out to

619
00:31:28,920 --> 00:31:32,040
Speaker 3: Chicago for the weekend, you're going to visit your sister

620
00:31:32,080 --> 00:31:35,640
Speaker 3: in Fort Lauderdale. I think most in most of those situations,

621
00:31:35,640 --> 00:31:38,720
Speaker 3: a travelation would definitely be overkill for what you can

622
00:31:38,800 --> 00:31:43,280
Speaker 3: just self service in terms of buying flights at the airport.

623
00:31:45,280 --> 00:31:50,400
Speaker 3: It is. It's not a myth per se, but without

624
00:31:50,400 --> 00:31:54,520
Speaker 3: having seen the specific TikTok, I would say it's probably overstated.

625
00:31:54,640 --> 00:31:58,959
Speaker 3: How a common that is. Okay, So there are a

626
00:31:59,120 --> 00:32:02,960
Speaker 3: few budgets airlines, you know, everybody knows that the big

627
00:32:03,000 --> 00:32:06,520
Speaker 3: what's the big drawback with Matt Joel with with budget airlines.

628
00:32:06,160 --> 00:32:08,880
Speaker 1: I gotta pay for everything. Yeah, you're gonna get nigged in, Yeah.

629
00:32:08,640 --> 00:32:11,360
Speaker 3: Exactly, it's the fees. You gotta look at all. There's

630
00:32:11,360 --> 00:32:15,000
Speaker 3: so many fees now. One of the way that they

631
00:32:15,400 --> 00:32:19,080
Speaker 3: without getting too far into the weeds of the federal

632
00:32:19,240 --> 00:32:23,800
Speaker 3: tax code. One of the ways that the budget airlines.

633
00:32:24,080 --> 00:32:25,680
Speaker 3: One of the reasons why they do so many of

634
00:32:25,720 --> 00:32:28,680
Speaker 3: these fees is because they're actually tax advantage when there's

635
00:32:28,720 --> 00:32:32,360
Speaker 3: an optional fee. If there's something that's mandatory, it gets

636
00:32:32,440 --> 00:32:34,560
Speaker 3: taxed at a higher rate. They have to pay seven

637
00:32:34,560 --> 00:32:37,920
Speaker 3: point five percent excess tax. But if there's an optional fee,

638
00:32:38,440 --> 00:32:41,320
Speaker 3: then all of a sudden they don't have to and

639
00:32:41,760 --> 00:32:44,040
Speaker 3: it gets it just it gets taxed at a lower rate.

640
00:32:44,400 --> 00:32:47,840
Speaker 3: So you have you know, there's this delightful term of

641
00:32:47,880 --> 00:32:52,720
Speaker 3: a convenience fee that you'll see some budget airlines, so

642
00:32:53,040 --> 00:32:55,560
Speaker 3: I believe Frontier is one of them. They will sometimes

643
00:32:55,560 --> 00:32:59,600
Speaker 3: add a convenience fee for booking it online. It's not

644
00:33:00,520 --> 00:33:03,320
Speaker 3: it's not something like massive. I think it's somewhere on

645
00:33:03,360 --> 00:33:07,280
Speaker 3: the order of twenty dollars, but they will add on

646
00:33:07,320 --> 00:33:09,360
Speaker 3: this fee for booking online. But in order to make

647
00:33:09,400 --> 00:33:12,120
Speaker 3: it optional, there has to be a way around it. Now,

648
00:33:12,160 --> 00:33:14,720
Speaker 3: what's the way around it? You if you go book

649
00:33:14,880 --> 00:33:18,080
Speaker 3: in person at the airport. You know, that's where Frontiers

650
00:33:18,520 --> 00:33:23,160
Speaker 3: agents are, and so theoretically you could maybe save you know,

651
00:33:23,360 --> 00:33:26,040
Speaker 3: twenty bucks or something on a Frontier ticket if you

652
00:33:26,080 --> 00:33:30,360
Speaker 3: book your flight at the airport rather than online. But

653
00:33:30,480 --> 00:33:34,080
Speaker 3: this is not something that is widespread with all airlines.

654
00:33:34,120 --> 00:33:38,360
Speaker 3: It's something that is basically just a few budget airlines,

655
00:33:38,400 --> 00:33:41,960
Speaker 3: and it's I would say it's closer to a rounding

656
00:33:42,160 --> 00:33:45,640
Speaker 3: error in terms of the amount than a significant portion

657
00:33:46,200 --> 00:33:47,200
Speaker 3: of the overall flight.

658
00:33:47,280 --> 00:33:48,720
Speaker 1: Okay, that makes sense, and it makes sense to that.

659
00:33:48,760 --> 00:33:50,440
Speaker 1: I would apply more to the budget airlines who are

660
00:33:50,520 --> 00:33:53,720
Speaker 1: breaking out those additional fees. Speaking of and you just

661
00:33:53,720 --> 00:33:55,880
Speaker 1: mentioned Frontier as well, But I would love to get

662
00:33:55,920 --> 00:33:58,760
Speaker 1: your thoughts on Southwest. Is this a part of why

663
00:33:59,000 --> 00:34:03,200
Speaker 1: they carved out that's check bag because now it's an

664
00:34:03,280 --> 00:34:06,760
Speaker 1: optional charge and if you opt for that now they

665
00:34:06,760 --> 00:34:09,239
Speaker 1: don't have to pay tax on that without you being

666
00:34:09,280 --> 00:34:11,759
Speaker 1: a part of the Southwest board call or anything like that.

667
00:34:11,840 --> 00:34:15,239
Speaker 1: The Hertings report, I would love to hear how you

668
00:34:15,320 --> 00:34:18,360
Speaker 1: think Southwest dropping those free check bags is going to

669
00:34:18,360 --> 00:34:19,200
Speaker 1: impact their business.

670
00:34:19,520 --> 00:34:22,080
Speaker 3: It definitely makes the decision a little bit easier when

671
00:34:22,160 --> 00:34:25,480
Speaker 3: you know changing the fee structure is going to right

672
00:34:25,520 --> 00:34:27,760
Speaker 3: off the bat give you a seven point five percent

673
00:34:27,880 --> 00:34:30,400
Speaker 3: boost to the bottom line, you know, and we're talking

674
00:34:30,440 --> 00:34:33,319
Speaker 3: about an airline with billions of dollars in revenue, so

675
00:34:33,440 --> 00:34:37,160
Speaker 3: you know, many many millions dollars in savings just right

676
00:34:37,200 --> 00:34:40,520
Speaker 3: off the bat. That is I think a small but

677
00:34:40,640 --> 00:34:44,719
Speaker 3: not not a negligible part of why Southwest made this,

678
00:34:45,320 --> 00:34:50,760
Speaker 3: you know, the really substantial overhauls. The biggest My issue

679
00:34:51,360 --> 00:34:54,279
Speaker 3: is like why do you fly Southwest now?

680
00:34:54,480 --> 00:34:54,719
Speaker 4: Right?

681
00:34:55,000 --> 00:34:59,000
Speaker 3: Like who's buying Southwest tickets? If there's nothing different about

682
00:34:59,000 --> 00:35:03,719
Speaker 3: them from American or Delta United, and you know the

683
00:35:04,320 --> 00:35:07,279
Speaker 3: like what's the benefit they There are ways in which

684
00:35:07,280 --> 00:35:11,080
Speaker 3: they're noticeably worse. They don't have those sort of long

685
00:35:11,120 --> 00:35:13,719
Speaker 3: haul international flights, they don't have a lot of partnership,

686
00:35:14,040 --> 00:35:17,839
Speaker 3: their miles are not all nearly as lucrative. Like, there's

687
00:35:17,880 --> 00:35:20,879
Speaker 3: all sorts of reasons why Southwest is worse than these

688
00:35:20,880 --> 00:35:24,960
Speaker 3: full service airlines, But now, like, I don't see many benefits,

689
00:35:24,960 --> 00:35:27,520
Speaker 3: So I don't want to fully predict that it's not

690
00:35:27,680 --> 00:35:30,120
Speaker 3: going to work. I know there's sock prices up since

691
00:35:30,360 --> 00:35:34,520
Speaker 3: announcing the changes. I just I'm skeptical. If I had

692
00:35:34,560 --> 00:35:38,080
Speaker 3: any better ideas though, I would be CEO rather than

693
00:35:38,120 --> 00:35:39,719
Speaker 3: just a commentator from the sidelines.

694
00:35:39,800 --> 00:35:42,000
Speaker 2: Yeah, it's hard to know what their identity is now,

695
00:35:42,040 --> 00:35:44,560
Speaker 2: and they had an identity before that they were able

696
00:35:44,560 --> 00:35:48,160
Speaker 2: to communicate to customers really really well, totally. I thought

697
00:35:48,160 --> 00:35:49,920
Speaker 2: it was fascinating that Frontier kind of clap back. You

698
00:35:49,920 --> 00:35:53,799
Speaker 2: were talking about Frontier they made free bag checks for

699
00:35:53,840 --> 00:35:57,120
Speaker 2: free for a limited time. Do you think I think one?

700
00:35:57,239 --> 00:36:00,719
Speaker 2: Do you think that this just shows how much competition

701
00:36:00,760 --> 00:36:03,799
Speaker 2: there is still in the airline space? And then too,

702
00:36:03,840 --> 00:36:05,880
Speaker 2: do you think like trolling is going to be the

703
00:36:05,920 --> 00:36:08,000
Speaker 2: new reality in the discount airlines space.

704
00:36:08,080 --> 00:36:11,359
Speaker 3: It's so weird that trolling has become like a legitimate

705
00:36:11,560 --> 00:36:15,440
Speaker 3: marketing channel these days, but you know, we live in

706
00:36:15,440 --> 00:36:21,279
Speaker 3: a weird time. My sense is that Frontier is sort

707
00:36:21,280 --> 00:36:24,839
Speaker 3: of feeling its oats right now, where you have this

708
00:36:25,040 --> 00:36:30,360
Speaker 3: budget sector of the airline industry that has been struggling

709
00:36:30,440 --> 00:36:33,440
Speaker 3: frankly a coming out of the pandemic. You know. Southwest

710
00:36:33,440 --> 00:36:36,920
Speaker 3: we talked about their struggles. Spirit obviously went into bankruptcy

711
00:36:36,960 --> 00:36:40,719
Speaker 3: after being one of the fastest growing I think the

712
00:36:40,880 --> 00:36:44,320
Speaker 3: fastest growing airline in the country over the past twenty years,

713
00:36:45,360 --> 00:36:48,959
Speaker 3: and so Frontiers looking around and saying, well, maybe we

714
00:36:49,000 --> 00:36:53,080
Speaker 3: can be the premiere budget airline in the US and

715
00:36:53,120 --> 00:36:55,920
Speaker 3: trying to figure out what is going to be the

716
00:36:55,960 --> 00:36:59,440
Speaker 3: sort of identity that we want to have going forward.

717
00:36:59,480 --> 00:37:01,520
Speaker 3: They've tried on a lot of different hats. It's almost like,

718
00:37:01,840 --> 00:37:05,279
Speaker 3: you know, my kids aren't teenagers yet, but from what

719
00:37:05,280 --> 00:37:08,960
Speaker 3: I understand about teenagers, remember having been one, You're you're

720
00:37:09,000 --> 00:37:10,920
Speaker 3: testing out a bunch of different identities. You know, you

721
00:37:10,960 --> 00:37:13,640
Speaker 3: have your goth phase, You've got your emo phase, like

722
00:37:13,680 --> 00:37:15,759
Speaker 3: you've got your different ones. And I almost feel like

723
00:37:15,800 --> 00:37:19,600
Speaker 3: Frontier is is testing out and seeing what what what

724
00:37:19,760 --> 00:37:22,200
Speaker 3: different phase is right for them as they sort of

725
00:37:22,480 --> 00:37:26,040
Speaker 3: enter adulthood. Because they actually started out not as a

726
00:37:26,040 --> 00:37:28,680
Speaker 3: budget airline, but as a more premium one. You know,

727
00:37:28,719 --> 00:37:31,520
Speaker 3: I was still old heads like me remember flying Frontier,

728
00:37:31,520 --> 00:37:33,560
Speaker 3: and their whole stick was that they would serve you

729
00:37:33,760 --> 00:37:37,400
Speaker 3: warm chocolate chip cookies on board. It was dope. They

730
00:37:37,440 --> 00:37:40,640
Speaker 3: were really good, And obviously that's not you know, the

731
00:37:40,840 --> 00:37:43,799
Speaker 3: the joke on Frontier and south and Spirit now is like,

732
00:37:43,960 --> 00:37:46,080
Speaker 3: oh you gotta you know they'll charge you for water,

733
00:37:46,200 --> 00:37:48,560
Speaker 3: They'll charge you for using the bathroom. Not based in truth,

734
00:37:48,600 --> 00:37:51,160
Speaker 3: but getting to an element of that nickel and diming.

735
00:37:51,480 --> 00:37:55,200
Speaker 3: But I think Frontier now, with Southwest having abandoned this

736
00:37:55,360 --> 00:38:01,440
Speaker 3: sort of call it nice budget airlines, like like like

737
00:38:01,920 --> 00:38:06,360
Speaker 3: a humane and treat you well budgetline, Frontier might be

738
00:38:06,400 --> 00:38:09,160
Speaker 3: looking saying, well, maybe that could be work for us.

739
00:38:09,360 --> 00:38:12,000
Speaker 3: Maybe we could kind of enter that space and be

740
00:38:12,239 --> 00:38:17,360
Speaker 3: both a low fair but also well regarded budget airline.

741
00:38:17,400 --> 00:38:19,479
Speaker 3: So I think of this as them sort of doing

742
00:38:19,520 --> 00:38:23,279
Speaker 3: a little bit of sampling, testing out and seeing what

743
00:38:23,480 --> 00:38:23,919
Speaker 3: might work.

744
00:38:24,120 --> 00:38:26,080
Speaker 1: It'll be interesting to see where they lay. And I remember, like,

745
00:38:26,120 --> 00:38:28,360
Speaker 1: I think the four of us flew Somergol and we

746
00:38:28,400 --> 00:38:31,440
Speaker 1: flew Frontier and it was nice, the seats were nice,

747
00:38:31,480 --> 00:38:33,400
Speaker 1: like it was a newer plane. I was like, this,

748
00:38:33,400 --> 00:38:35,960
Speaker 1: this is not the budget experience that I was expecting.

749
00:38:36,000 --> 00:38:37,960
Speaker 1: Saved a couple hundred bucks on our airfare too.

750
00:38:38,040 --> 00:38:40,200
Speaker 3: Yes, I have a theory that, you know, because I

751
00:38:40,239 --> 00:38:43,000
Speaker 3: had a very similar experience a year or two backflying

752
00:38:43,080 --> 00:38:45,680
Speaker 3: Spirit over to Las Vegas. I have a theory that

753
00:38:46,480 --> 00:38:49,080
Speaker 3: Frontier Spirit, you know, these airlines that are the butt

754
00:38:49,080 --> 00:38:52,759
Speaker 3: of late night jokes, that they get some sort of

755
00:38:52,880 --> 00:38:57,560
Speaker 3: benefit from people's low expectations. You know, tomorrow a phrase

756
00:38:57,640 --> 00:39:00,760
Speaker 3: the soft bigotry of low expectations that everybody I'm saying thinking,

757
00:39:01,040 --> 00:39:03,000
Speaker 3: this Spirit fright, this one tier flight is going to

758
00:39:03,040 --> 00:39:06,359
Speaker 3: be the worst experience I've ever had traveling. And then

759
00:39:06,560 --> 00:39:09,600
Speaker 3: when as it is most of the time, it's basically fine.

760
00:39:10,239 --> 00:39:12,960
Speaker 3: You come out of it being like that was fine. Yeah,

761
00:39:13,000 --> 00:39:16,200
Speaker 3: nothing bad happened. There were no brawls on the flight, like,

762
00:39:16,560 --> 00:39:18,000
Speaker 3: you know, I made it to my destination.

763
00:39:18,120 --> 00:39:20,160
Speaker 1: Fine, they didn't like late night at waffle house or

764
00:39:20,200 --> 00:39:20,640
Speaker 1: something like that.

765
00:39:20,840 --> 00:39:22,040
Speaker 3: Yeah, exactly.

766
00:39:22,120 --> 00:39:24,560
Speaker 1: It's interesting too, man. It makes me wonder if some

767
00:39:24,600 --> 00:39:27,160
Speaker 1: of these airlines are going to kind of capitalize on

768
00:39:27,320 --> 00:39:29,239
Speaker 1: the market share that they have now and then if

769
00:39:29,280 --> 00:39:31,840
Speaker 1: you continue to like step up what it is that

770
00:39:31,880 --> 00:39:34,480
Speaker 1: you're providing, Man, you can take it in its higher

771
00:39:34,880 --> 00:39:40,480
Speaker 1: population through just yeah, a lifetime of having upgraded. I

772
00:39:40,480 --> 00:39:42,480
Speaker 1: guess like you start off when you're younger and you're

773
00:39:42,480 --> 00:39:46,279
Speaker 1: flying maybe, but then with the airline you're able to

774
00:39:46,320 --> 00:39:48,040
Speaker 1: increase your budget a little bit and at the same

775
00:39:48,080 --> 00:39:50,200
Speaker 1: time they are providing the kind of service that you're

776
00:39:50,400 --> 00:39:52,319
Speaker 1: You're like, okay, great, no reason, why would I hop

777
00:39:52,320 --> 00:39:53,520
Speaker 1: why would I get with somebody else.

778
00:39:53,560 --> 00:39:55,360
Speaker 4: It's like when I'm eighteen, I'm willing to fly Spirit,

779
00:39:55,440 --> 00:39:57,040
Speaker 4: but if Spirit moves with movies with me.

780
00:39:57,120 --> 00:39:59,240
Speaker 1: Yeah, it's like like a almost like a life cycle

781
00:39:59,360 --> 00:40:02,080
Speaker 1: sort of airline, as opposed to it sticking with a

782
00:40:02,080 --> 00:40:04,960
Speaker 1: certain segment of the market and staying pinned to that,

783
00:40:05,040 --> 00:40:08,360
Speaker 1: but talk about let's talk about some specific location scott

784
00:40:08,600 --> 00:40:11,719
Speaker 1: because we haven't. You've mentioned some I guess anecdotes and

785
00:40:11,760 --> 00:40:14,040
Speaker 1: places where you've gotten some deals. What other parts of

786
00:40:14,080 --> 00:40:18,880
Speaker 1: the world do you see are underrated or undervisited, just

787
00:40:18,960 --> 00:40:22,719
Speaker 1: routinely less expensive to visit, And we're talking anything from

788
00:40:23,160 --> 00:40:25,440
Speaker 1: countries to specific cities in general.

789
00:40:25,480 --> 00:40:27,840
Speaker 3: One of the things that I think is one of

790
00:40:27,920 --> 00:40:31,920
Speaker 3: like the best fringe benefits of cheap flights is the

791
00:40:31,960 --> 00:40:35,120
Speaker 3: way that they let you explore places further down your

792
00:40:35,160 --> 00:40:40,080
Speaker 3: bucket list. So you imagine somebody who pays, you know,

793
00:40:40,120 --> 00:40:42,800
Speaker 3: they've got maybe a travel budget, a flight budget for

794
00:40:42,840 --> 00:40:46,040
Speaker 3: a year fifteen hundred dollars, and if they spend all

795
00:40:46,080 --> 00:40:49,880
Speaker 3: fifteen hundred on one flight because they just didn't do

796
00:40:50,000 --> 00:40:53,600
Speaker 3: best practices to get a good deal whatever, then where

797
00:40:53,600 --> 00:40:55,080
Speaker 3: are they going to choose. They're not going to take

798
00:40:55,120 --> 00:40:58,480
Speaker 3: a risk on somewhere further down their their list. They're

799
00:40:58,520 --> 00:41:01,720
Speaker 3: going to choose somewhere that's kind of a more traditional,

800
00:41:03,040 --> 00:41:08,440
Speaker 3: sort of average tourist favorite. Paris, Tokyo, you know, Australia.

801
00:41:08,560 --> 00:41:11,600
Speaker 3: Nothing wrong with these places, they're great, but no, you know,

802
00:41:11,680 --> 00:41:14,680
Speaker 3: you're not the average tourist. You've got your own your

803
00:41:14,719 --> 00:41:17,600
Speaker 3: own personalities, your own likes and dislikes. And so the

804
00:41:17,680 --> 00:41:21,040
Speaker 3: cool thing about being able to split that fifteen hundred

805
00:41:21,040 --> 00:41:23,880
Speaker 3: dollars up and take you know, three or four different

806
00:41:23,880 --> 00:41:25,960
Speaker 3: flights because you've got good deals, you know, three or

807
00:41:25,960 --> 00:41:29,560
Speaker 3: four Indred bucks each to Europe or South America or wherever,

808
00:41:30,320 --> 00:41:33,000
Speaker 3: is that it gives you permission to try places further

809
00:41:33,080 --> 00:41:35,880
Speaker 3: down your list, and then you can see you can

810
00:41:35,920 --> 00:41:38,480
Speaker 3: actually sample them and see which one feel, which one

811
00:41:38,520 --> 00:41:40,960
Speaker 3: you like the best, and which one which ones are

812
00:41:41,040 --> 00:41:43,560
Speaker 3: kind of forgettable, not going to go back and visit there.

813
00:41:43,600 --> 00:41:46,960
Speaker 3: And so you know, for me, the places that I've

814
00:41:47,040 --> 00:41:50,680
Speaker 3: visited that are not the sort of traditional tourist favorites

815
00:41:50,719 --> 00:41:53,720
Speaker 3: but have been the some of my best trips. Places

816
00:41:53,719 --> 00:41:58,160
Speaker 3: I've most enjoyed Trinidad and Tobago in the Caribbean. You know,

817
00:41:58,200 --> 00:42:01,880
Speaker 3: it's not it doesn't get hype though way Bahamas or

818
00:42:02,040 --> 00:42:06,560
Speaker 3: or even like a Aruba or you know, Dominican Republic gets,

819
00:42:06,560 --> 00:42:09,920
Speaker 3: But man, that's an incredible country. The food there, this

820
00:42:10,080 --> 00:42:15,440
Speaker 3: blend of like Caribbean and African and Indian cuisines is

821
00:42:16,000 --> 00:42:23,840
Speaker 3: just incredibly delicious. Going over to Lithuania in Eastern Europe,

822
00:42:23,880 --> 00:42:27,120
Speaker 3: you know, real East meets West. Great, you know, I

823
00:42:27,160 --> 00:42:29,439
Speaker 3: know you guys are into craft beer. The craft beer

824
00:42:29,440 --> 00:42:33,359
Speaker 3: culture there was incredible in Vilnius. The architecture but also

825
00:42:33,840 --> 00:42:38,200
Speaker 3: super duper affordable. Just another great city. My wife actually

826
00:42:38,200 --> 00:42:40,799
Speaker 3: recommended it because she was, like, I heard everybody is

827
00:42:40,920 --> 00:42:44,040
Speaker 3: beautiful there. It gets like wins Awards is like some

828
00:42:44,080 --> 00:42:46,399
Speaker 3: of the most beautiful people in North All Right, I've

829
00:42:46,400 --> 00:42:48,960
Speaker 3: heard worse reasons to go visit a country, so let's go.

830
00:42:49,160 --> 00:42:50,160
Speaker 1: Let's just people watch.

831
00:42:50,480 --> 00:42:54,040
Speaker 3: Yeah, exactly. We had a great time. Taiwan another like

832
00:42:54,200 --> 00:42:57,640
Speaker 3: just standout place that doesn't you know, it's rarely in

833
00:42:57,680 --> 00:43:00,359
Speaker 3: the sort of like, oh you gotta go to Wan

834
00:43:00,520 --> 00:43:02,919
Speaker 3: before you die type of list, but we've just found

835
00:43:02,960 --> 00:43:08,160
Speaker 3: it to be totally totally engaging. The like Tarroco Gorge.

836
00:43:08,280 --> 00:43:11,600
Speaker 3: Think of a place like the Grand Canyon, but instead

837
00:43:11,640 --> 00:43:15,120
Speaker 3: of being like red and dusty, it's like green and lush,

838
00:43:15,200 --> 00:43:17,920
Speaker 3: and you can like ride motor scooters through the base

839
00:43:17,960 --> 00:43:20,920
Speaker 3: of it, and they're like Buddhist temples up in the mountain.

840
00:43:21,320 --> 00:43:24,799
Speaker 3: Just an incredibly cool place. So it's those places that

841
00:43:24,880 --> 00:43:27,120
Speaker 3: I really think of when I'm like, oh, man, why

842
00:43:27,360 --> 00:43:30,600
Speaker 3: cheap the way cheap flights have really I think benefited

843
00:43:30,680 --> 00:43:35,120
Speaker 3: by a giving permission to test, to take a risk

844
00:43:35,239 --> 00:43:37,520
Speaker 3: on a place, whereas if you're only taking one or

845
00:43:37,560 --> 00:43:40,080
Speaker 3: two vacations, it's hard to justify taking a risk. What

846
00:43:40,160 --> 00:43:42,520
Speaker 3: if you go somewhere and it sucks. You know what

847
00:43:42,560 --> 00:43:45,560
Speaker 3: if you're like, oh, well, I just wasted my whole vacation,

848
00:43:45,680 --> 00:43:48,719
Speaker 3: I can't travel somewhere, get now for another year, and

849
00:43:48,960 --> 00:43:51,480
Speaker 3: you know it whears If you take a risk on

850
00:43:51,520 --> 00:43:54,399
Speaker 3: somewhere and it doesn't work out, but you only spent

851
00:43:54,560 --> 00:43:56,920
Speaker 3: a quarter of your travel budget, then you're like, no

852
00:43:57,000 --> 00:43:59,080
Speaker 3: big deal, I'll be able to go take another trip

853
00:43:59,120 --> 00:44:01,319
Speaker 3: in a couple months rather than a whole year.

854
00:44:01,600 --> 00:44:02,239
Speaker 4: I love it all right.

855
00:44:02,239 --> 00:44:03,920
Speaker 2: We got a few more questions to get to with you, Scott,

856
00:44:03,960 --> 00:44:07,960
Speaker 2: including you believe you have a recipe for the perfect vacation.

857
00:44:08,160 --> 00:44:09,839
Speaker 2: I'm want to hold you to that and figure out

858
00:44:09,840 --> 00:44:10,080
Speaker 2: what that is.

859
00:44:10,080 --> 00:44:19,440
Speaker 4: We're talking about that and more right for this, we're

860
00:44:19,520 --> 00:44:20,400
Speaker 4: back for the break.

861
00:44:20,200 --> 00:44:24,000
Speaker 1: Talking with Scott Keys and Scott, let's talk about I

862
00:44:24,040 --> 00:44:28,040
Speaker 1: guess one aspect of taking flights and flying places the

863
00:44:28,480 --> 00:44:32,520
Speaker 1: airport and if booking the flight is a lot of

864
00:44:32,560 --> 00:44:35,280
Speaker 1: people's worst part of travel. I feel like the airport's

865
00:44:35,280 --> 00:44:38,239
Speaker 1: got to be a close sish because I mean, come on,

866
00:44:38,440 --> 00:44:40,440
Speaker 1: it's it's not a whole lot of fun.

867
00:44:41,160 --> 00:44:43,960
Speaker 2: The choice rounded overpriced and just kind of men most

868
00:44:43,960 --> 00:44:44,319
Speaker 2: of the time.

869
00:44:44,520 --> 00:44:46,759
Speaker 1: Do you have any do you have any tips for

870
00:44:46,840 --> 00:44:49,520
Speaker 1: folks about getting through an airport unscathed, whether it's like

871
00:44:49,560 --> 00:44:51,319
Speaker 1: with some of the different services that allow you to

872
00:44:51,360 --> 00:44:53,279
Speaker 1: pre check, or you know, basically cut the line.

873
00:44:53,280 --> 00:44:55,480
Speaker 3: You know, I'm annoyed because my tip used to be

874
00:44:55,520 --> 00:44:57,319
Speaker 3: get one of the credit cards that gives you a

875
00:44:57,320 --> 00:44:59,600
Speaker 3: priority pass so you can get into the lounge and

876
00:44:59,640 --> 00:45:01,560
Speaker 3: be a to really kind of kill time in this

877
00:45:01,719 --> 00:45:05,920
Speaker 3: much more chills and oasis. And then everybody took that tip,

878
00:45:06,080 --> 00:45:07,719
Speaker 3: and so all of a sudden you can't get into

879
00:45:07,719 --> 00:45:10,200
Speaker 3: the lounges anymore because their lines out the door.

880
00:45:10,320 --> 00:45:14,080
Speaker 1: That's not where I want to go and anymore.

881
00:45:14,120 --> 00:45:18,040
Speaker 3: Now for me, it's like I'm in that weird subset

882
00:45:18,040 --> 00:45:20,600
Speaker 3: of people that enjoys being at the airport. I think

883
00:45:20,600 --> 00:45:23,040
Speaker 3: it's a fun place to be with interesting people, to

884
00:45:23,239 --> 00:45:25,040
Speaker 3: you know, to people watch and get to see all

885
00:45:25,080 --> 00:45:27,680
Speaker 3: the airplanes and stuff. So you have to take my

886
00:45:27,760 --> 00:45:30,000
Speaker 3: advice with a little bit of a grain of salt.

887
00:45:31,239 --> 00:45:33,319
Speaker 3: But I what I found is that a lot of

888
00:45:33,400 --> 00:45:36,480
Speaker 3: especially if you're traveling like with with with kids, there's

889
00:45:36,520 --> 00:45:38,800
Speaker 3: a lot of airports that have really focused on putting

890
00:45:38,800 --> 00:45:42,440
Speaker 3: in amenities that most of us don't really realize are

891
00:45:42,520 --> 00:45:47,560
Speaker 3: necessarily there. So everything from indoor playgrounds and airports to

892
00:45:47,920 --> 00:45:51,440
Speaker 3: art galleries to uh, you know, in my home airport

893
00:45:51,480 --> 00:45:54,560
Speaker 3: of Portland, there's actually a little mini free movie theater.

894
00:45:55,040 --> 00:45:57,719
Speaker 3: They are all sorts of these things in airports that

895
00:45:57,960 --> 00:46:01,000
Speaker 3: I think they do a really poor job of actually promoting.

896
00:46:01,440 --> 00:46:03,880
Speaker 3: But next time you're at an airport, I would just

897
00:46:03,920 --> 00:46:06,359
Speaker 3: go and google, you know, like like that airport and

898
00:46:06,480 --> 00:46:09,319
Speaker 3: amenities or see what sort of uh stuff. Just do

899
00:46:09,360 --> 00:46:11,160
Speaker 3: a quick Google search, because it might, you know, you

900
00:46:11,239 --> 00:46:13,440
Speaker 3: might have to walk a few gates down, it might

901
00:46:13,480 --> 00:46:15,960
Speaker 3: be in a slightly different section of the terminal. But

902
00:46:16,000 --> 00:46:17,640
Speaker 3: there are a lot of times there are cool stuff

903
00:46:17,680 --> 00:46:20,560
Speaker 3: that actually helps pass the time, especially if you're somebody

904
00:46:20,600 --> 00:46:23,360
Speaker 3: like me who doesn't like airport theory, who likes to

905
00:46:23,400 --> 00:46:26,960
Speaker 3: actually get to the airport with a reasonable amount of

906
00:46:26,960 --> 00:46:29,080
Speaker 3: buffer time and not worry about missing my flight.

907
00:46:29,200 --> 00:46:31,839
Speaker 2: Portland's calling card for a while was the carpet changed

908
00:46:31,840 --> 00:46:32,320
Speaker 2: the car.

909
00:46:32,960 --> 00:46:35,960
Speaker 3: Yeah, so there's a new there's a new version of it.

910
00:46:35,960 --> 00:46:40,120
Speaker 3: It's very polarizing which one is better? But yeah, there's

911
00:46:40,160 --> 00:46:42,160
Speaker 3: a I could I could go on and on about

912
00:46:42,200 --> 00:46:44,480
Speaker 3: my love for PDX. Don't get me started.

913
00:46:44,600 --> 00:46:47,319
Speaker 2: I still remember carpet Gate, oh man, A lot of

914
00:46:47,320 --> 00:46:51,640
Speaker 2: consternation over that decision. I want to hear your recipe

915
00:46:51,680 --> 00:46:54,920
Speaker 2: for the perfect vacation. You you made it sound. You've

916
00:46:54,920 --> 00:46:58,640
Speaker 2: made it sound like there's a scientific underpinnings behind what

917
00:46:58,680 --> 00:46:59,600
Speaker 2: makes the perfect vacation.

918
00:46:59,680 --> 00:47:03,480
Speaker 3: When is Yeah, so you think of fun and enjoy

919
00:47:03,600 --> 00:47:06,640
Speaker 3: something that is, you know, just totally unpredictable. Bull and

920
00:47:06,680 --> 00:47:10,759
Speaker 3: serendipitous researchers have actually studied this. They've actually, you know,

921
00:47:10,800 --> 00:47:14,680
Speaker 3: spent a lot of time looking into the way that

922
00:47:14,719 --> 00:47:18,160
Speaker 3: people enjoy their vacations, and they found a few surprising things.

923
00:47:18,680 --> 00:47:21,200
Speaker 3: One is that, you know, we think of vacations as

924
00:47:21,239 --> 00:47:24,279
Speaker 3: something that we only enjoyed during the trip itself, when

925
00:47:24,320 --> 00:47:26,880
Speaker 3: we're on the beach, when we're in that you know,

926
00:47:27,239 --> 00:47:31,600
Speaker 3: Parisian cafe, that that just being just those seven, ten,

927
00:47:31,680 --> 00:47:33,560
Speaker 3: fourteen days when we're on a trip is the only

928
00:47:33,680 --> 00:47:36,879
Speaker 3: joy from it. But when you look at studies. They

929
00:47:36,880 --> 00:47:40,960
Speaker 3: actually find that people get more joy from a vacation

930
00:47:41,560 --> 00:47:44,320
Speaker 3: in the weeks and months leading up to the vacation

931
00:47:44,840 --> 00:47:48,000
Speaker 3: than they do on the trip itself, and they get

932
00:47:48,200 --> 00:47:51,280
Speaker 3: more joy in the weeks and months and years after

933
00:47:51,400 --> 00:47:54,400
Speaker 3: a vacation looking back on it than they did on

934
00:47:54,480 --> 00:47:57,160
Speaker 3: the trip itself. It's not that we don't enjoy ourselves

935
00:47:57,200 --> 00:48:00,160
Speaker 3: when we're on vacation. It's just that the antica a

936
00:48:00,200 --> 00:48:03,839
Speaker 3: patient and the sort of memories of a trip are

937
00:48:04,120 --> 00:48:07,520
Speaker 3: even better. So this is, you know, rather than this

938
00:48:07,719 --> 00:48:11,560
Speaker 3: the sort of romantic Hollywood idea of showing up at

939
00:48:11,560 --> 00:48:15,200
Speaker 3: the airport and booking, you know, buying a ticket on

940
00:48:15,239 --> 00:48:17,800
Speaker 3: the spot. I actually think that most people should be

941
00:48:17,840 --> 00:48:21,399
Speaker 3: booking their trips way further in advance, because what you're

942
00:48:21,480 --> 00:48:25,919
Speaker 3: doing is giving yourself today much more joy of being

943
00:48:25,920 --> 00:48:28,839
Speaker 3: able to anticipate that trip, you know, four or five,

944
00:48:28,960 --> 00:48:31,440
Speaker 3: six months from now, because it's locked in when you

945
00:48:31,480 --> 00:48:34,600
Speaker 3: book the flight. That's the sort of underpinning that that

946
00:48:34,719 --> 00:48:37,400
Speaker 3: you know, a trip is happening, rather than just something

947
00:48:37,760 --> 00:48:41,320
Speaker 3: ephemeral or oh, maybe we'll go to Paris in the summer,

948
00:48:41,360 --> 00:48:44,600
Speaker 3: maybe we'll go to you know, Hawaii next year or something.

949
00:48:44,640 --> 00:48:47,400
Speaker 3: If you actually book the flight. It's happening, it's real.

950
00:48:47,520 --> 00:48:51,880
Speaker 3: So booking your flights further in advance something I strongly recommend.

951
00:48:52,680 --> 00:48:57,440
Speaker 3: The other one other thing is there is a this

952
00:48:57,520 --> 00:49:00,640
Speaker 3: one researcher looked at like, how do we actually joy

953
00:49:00,800 --> 00:49:02,960
Speaker 3: What are the memories of a trip that we find

954
00:49:03,520 --> 00:49:06,600
Speaker 3: a joy from? And what he found is that you

955
00:49:06,760 --> 00:49:10,239
Speaker 3: get them. What a trip boils down to in the

956
00:49:10,440 --> 00:49:14,000
Speaker 3: end are the feeling that you have at the peak

957
00:49:14,239 --> 00:49:16,600
Speaker 3: of your trip, like the peak emotion, and especially the

958
00:49:16,600 --> 00:49:18,600
Speaker 3: feeling that you have at the end of a trip.

959
00:49:18,680 --> 00:49:22,120
Speaker 3: So he calls it the peak end rule. And one

960
00:49:22,160 --> 00:49:24,799
Speaker 3: of the ways that he'll take advantage then that I've

961
00:49:24,840 --> 00:49:28,319
Speaker 3: tried to incorporate into my travels as well is to

962
00:49:28,400 --> 00:49:32,200
Speaker 3: always end on something on a high note and put

963
00:49:32,239 --> 00:49:34,480
Speaker 3: on the last you know, the last day, the last dinner,

964
00:49:34,560 --> 00:49:37,520
Speaker 3: some big event, some really fancy dinner. You know, if

965
00:49:37,520 --> 00:49:41,399
Speaker 3: you're gonna splurge, splurge on the last day, because that

966
00:49:41,560 --> 00:49:45,839
Speaker 3: will create a sort of memory and impression of the

967
00:49:46,000 --> 00:49:50,520
Speaker 3: entire trip that's much more lasting and exciting and continues

968
00:49:50,560 --> 00:49:54,280
Speaker 3: to pay dividends for years to come from that trip.

969
00:49:54,360 --> 00:49:56,160
Speaker 3: So those are some of the ways that I like

970
00:49:56,200 --> 00:49:58,320
Speaker 3: to structure my trips to make sure that I'm getting

971
00:49:59,200 --> 00:50:01,479
Speaker 3: I know, I try to have to too prescriptive about

972
00:50:01,480 --> 00:50:03,799
Speaker 3: it because it's still vacation. You still want to leave

973
00:50:03,840 --> 00:50:07,400
Speaker 3: some room for you know, serendipity, but to try to

974
00:50:07,400 --> 00:50:09,440
Speaker 3: make them as enjoyable as possible.

975
00:50:09,640 --> 00:50:11,600
Speaker 1: I think that's that's smart. Yeah, there's a way to

976
00:50:11,640 --> 00:50:14,120
Speaker 1: structure it to where you're able to gain the most

977
00:50:14,200 --> 00:50:16,359
Speaker 1: enjoyment from that trip. Totally. Man, thank you so much

978
00:50:16,400 --> 00:50:18,040
Speaker 1: for taking the time to speak with us. Of course

979
00:50:18,080 --> 00:50:21,160
Speaker 1: we'll link to Going. Are there anything Is there anything

980
00:50:21,360 --> 00:50:23,120
Speaker 1: in particular that you want to highlight over there, like

981
00:50:23,160 --> 00:50:24,359
Speaker 1: any special features or so.

982
00:50:24,520 --> 00:50:27,400
Speaker 3: The biggest thing is are the Going Travel app, where

983
00:50:27,480 --> 00:50:31,840
Speaker 3: we've largely transformed from an email based subscription historically to

984
00:50:32,719 --> 00:50:35,680
Speaker 3: an app right now on an app on iOS or Android,

985
00:50:36,160 --> 00:50:40,120
Speaker 3: and the benefits there again those push notifications, so when

986
00:50:40,160 --> 00:50:42,799
Speaker 3: a good deal pops up from your home airport, being

987
00:50:42,840 --> 00:50:45,799
Speaker 3: able to know about it instantly, when those mistake fares

988
00:50:45,840 --> 00:50:48,239
Speaker 3: pop up, being able to book it before it disappears,

989
00:50:48,600 --> 00:50:51,200
Speaker 3: and being able to set price alerts for those specific

990
00:50:51,200 --> 00:50:53,759
Speaker 3: trips you're looking at to make sure you know when

991
00:50:53,760 --> 00:50:56,600
Speaker 3: the price drops and help guide you on when and

992
00:50:56,640 --> 00:50:58,640
Speaker 3: when not to book those flights?

993
00:50:58,680 --> 00:51:02,560
Speaker 1: Perfect awesome. We will link to all that. Scott, thanks

994
00:51:02,600 --> 00:51:04,440
Speaker 1: for speaking with us today.

995
00:51:04,200 --> 00:51:06,759
Speaker 3: A pleasure as always, Thanks you to all.

996
00:51:06,760 --> 00:51:09,560
Speaker 2: Right, Matt, gotta love good old Scott. Yeah, he's a

997
00:51:09,560 --> 00:51:10,640
Speaker 2: a fount of knowledge.

998
00:51:10,800 --> 00:51:12,359
Speaker 1: Well, I gotta mention that him and a famil are

999
00:51:12,400 --> 00:51:14,640
Speaker 1: going to Supporo. So we always, like, we always end

1000
00:51:14,719 --> 00:51:16,920
Speaker 1: up talking to folks and I so wanted to ask

1001
00:51:16,960 --> 00:51:19,399
Speaker 1: him about Japan and uh, yeah, he's excited to get

1002
00:51:19,440 --> 00:51:21,040
Speaker 1: back there with his family. I tried just in case

1003
00:51:21,040 --> 00:51:22,520
Speaker 1: anybody else was wondering where he was going to go.

1004
00:51:22,560 --> 00:51:25,480
Speaker 2: I try to ask personal questions of the guests afterwards,

1005
00:51:25,520 --> 00:51:28,160
Speaker 2: like we're talking about investing, how would you invest my money?

1006
00:51:28,160 --> 00:51:29,920
Speaker 2: Like I don't ask something like that, But with Scott,

1007
00:51:29,960 --> 00:51:33,239
Speaker 2: I did have to ask him a particular travel pleasure.

1008
00:51:33,000 --> 00:51:33,959
Speaker 4: For our family at least.

1009
00:51:34,200 --> 00:51:37,960
Speaker 1: Yeah, you just subjugate all of our listeners hearing your

1010
00:51:38,280 --> 00:51:41,280
Speaker 1: so specific details. I want to go here on these dates, Scott.

1011
00:51:41,480 --> 00:51:42,399
Speaker 4: Yeah, No, I don't want to do.

1012
00:51:42,360 --> 00:51:44,640
Speaker 1: That, but of course, So we had a fantastic conversation

1013
00:51:44,719 --> 00:51:47,480
Speaker 1: for sure, for everyone. I think there are takeaways for

1014
00:51:47,520 --> 00:51:49,440
Speaker 1: all types of travelers out there. For you, did you

1015
00:51:49,480 --> 00:51:51,600
Speaker 1: have a specific big takeaway from a conversation.

1016
00:51:51,680 --> 00:51:53,200
Speaker 2: I love that he said pull the trigger when the

1017
00:51:53,200 --> 00:51:55,479
Speaker 2: price is right, yeah, And I think that's so smart.

1018
00:51:55,520 --> 00:51:59,080
Speaker 2: I think it's with how quickly price shifts take place

1019
00:51:59,280 --> 00:52:01,440
Speaker 2: in the travels base specifically. I mean it's happening in

1020
00:52:01,480 --> 00:52:04,360
Speaker 2: more and more industries, kind of that dynamic pricing. But

1021
00:52:04,400 --> 00:52:07,000
Speaker 2: when you see a price that seems pretty good, and

1022
00:52:07,040 --> 00:52:09,080
Speaker 2: they're like on a site like Google Flights, they are

1023
00:52:09,120 --> 00:52:11,720
Speaker 2: indicators right telling you, oh, this is like in the green,

1024
00:52:11,880 --> 00:52:13,080
Speaker 2: or this is in the yello, or this is in

1025
00:52:13,080 --> 00:52:15,719
Speaker 2: the red. If you see it in the green, like yeah,

1026
00:52:15,840 --> 00:52:18,200
Speaker 2: there might be a lower price that comes along, but

1027
00:52:18,600 --> 00:52:20,799
Speaker 2: I wouldn't think on that. And so go ahead and

1028
00:52:20,800 --> 00:52:24,240
Speaker 2: get when they getting's good, don't necessarily. I think maybe

1029
00:52:24,320 --> 00:52:26,200
Speaker 2: perfect can be the enemy good in this situation.

1030
00:52:26,360 --> 00:52:27,080
Speaker 4: So so true.

1031
00:52:27,400 --> 00:52:29,680
Speaker 2: Be ready to book when you see a good deal,

1032
00:52:30,040 --> 00:52:33,000
Speaker 2: something like a mistake fair or an incredibly ridiculous cheap,

1033
00:52:33,080 --> 00:52:35,160
Speaker 2: cheap fair. Matt even, I remember when you and I

1034
00:52:35,200 --> 00:52:38,120
Speaker 2: were booking to go to Scotland and we waited just

1035
00:52:38,280 --> 00:52:39,800
Speaker 2: a little bit of time, and I think the prices

1036
00:52:39,880 --> 00:52:42,200
Speaker 2: rose by like forty fifty bucks a ticket, and we

1037
00:52:42,239 --> 00:52:44,440
Speaker 2: were just like ah, so annoyed because if we had

1038
00:52:44,480 --> 00:52:46,080
Speaker 2: just booked when we said we were going to, we

1039
00:52:46,120 --> 00:52:46,960
Speaker 2: would have saved money.

1040
00:52:47,120 --> 00:52:49,240
Speaker 1: That's true, all right, I love it. My big techaway

1041
00:52:49,320 --> 00:52:51,799
Speaker 1: is going to be a more philosophical one, which is

1042
00:52:52,360 --> 00:52:55,840
Speaker 1: that by not prioritizing these top of the list bucket

1043
00:52:55,840 --> 00:52:58,319
Speaker 1: list destinations, and this is what he said, it gives

1044
00:52:58,320 --> 00:53:01,279
Speaker 1: you permission to test and take risks when it comes

1045
00:53:01,280 --> 00:53:02,879
Speaker 1: to how it is that you travel. And I think

1046
00:53:02,880 --> 00:53:05,040
Speaker 1: that that is just a great way to think about

1047
00:53:05,080 --> 00:53:06,800
Speaker 1: traveling generally speaking.

1048
00:53:06,880 --> 00:53:09,160
Speaker 2: But Lithuania and Taiwan, we're not on my list and

1049
00:53:09,200 --> 00:53:09,560
Speaker 2: now they are.

1050
00:53:09,600 --> 00:53:11,000
Speaker 1: Yeah, it makes me want to consider some of those

1051
00:53:11,000 --> 00:53:13,600
Speaker 1: secondary cities that are not in countries as well that

1052
00:53:13,640 --> 00:53:17,000
Speaker 1: I would not have otherwise ever considered the beer Joel

1053
00:53:17,000 --> 00:53:19,799
Speaker 1: that you and I enjoyed it today was is it

1054
00:53:19,840 --> 00:53:22,040
Speaker 1: just called Kolsh? Doesn't have a name on it. I

1055
00:53:22,040 --> 00:53:26,520
Speaker 1: think it's just Kolsh by Altstad. This is a brewery

1056
00:53:26,560 --> 00:53:30,960
Speaker 1: out of Texas, Texas Hill Country. This is born in Fredericksburg.

1057
00:53:31,040 --> 00:53:34,640
Speaker 1: What do you think about this one? So born in Frederick, Fredericksburg, Texas,

1058
00:53:34,719 --> 00:53:36,880
Speaker 1: immersed in German history, you know, of course this is

1059
00:53:36,920 --> 00:53:37,440
Speaker 1: a German beer.

1060
00:53:37,520 --> 00:53:38,680
Speaker 2: What do they say on the side that they brew

1061
00:53:38,719 --> 00:53:41,239
Speaker 2: this according to German purity laws, which is no more

1062
00:53:41,320 --> 00:53:42,200
Speaker 2: than four ingredients.

1063
00:53:43,040 --> 00:53:44,160
Speaker 4: I liked it.

1064
00:53:44,400 --> 00:53:46,720
Speaker 2: I thought it was It was clean, crisp and smooth,

1065
00:53:46,880 --> 00:53:49,640
Speaker 2: and I am normally down for something a little more

1066
00:53:49,680 --> 00:53:52,680
Speaker 2: abrasive than this, but especially as the weather it gets hotter,

1067
00:53:53,000 --> 00:53:55,400
Speaker 2: something clean and crisp, like that's what you need. It

1068
00:53:55,480 --> 00:53:57,399
Speaker 2: moves up my value meter. I care more about those

1069
00:53:57,440 --> 00:53:58,440
Speaker 2: metrics and a beer these days.

1070
00:53:58,480 --> 00:54:00,759
Speaker 1: So you're trying to stay hydrated, that's what we're gonna

1071
00:54:00,760 --> 00:54:03,759
Speaker 1: recommend here on the podcast. Derehydrates you folks. But yeah,

1072
00:54:03,800 --> 00:54:05,200
Speaker 1: this is a great one. Glad you and I got

1073
00:54:05,239 --> 00:54:07,160
Speaker 1: to enjoy. You can find our show notes up on

1074
00:54:07,200 --> 00:54:10,399
Speaker 1: the website at howtomoney dot com and Buddy, that's gonna

1075
00:54:10,400 --> 00:54:12,399
Speaker 1: be it. So until next time, best friends Out, Best

1076
00:54:12,640 --> 00:54:13,520
Speaker 1: Friends Out.