1 00:00:00,080 --> 00:00:02,719 Speaker 1: Welcome to How the Money. I'm Joel and I'm Matt, 2 00:00:02,720 --> 00:00:24,960 Speaker 1: and today we're discussing a new year with more margin. Yeah, Joel, 3 00:00:25,000 --> 00:00:27,920 Speaker 1: a new year. Indeed, happy new Year to youth. He was, well, 4 00:00:28,000 --> 00:00:30,800 Speaker 1: my friend, did you guys have a good holiday? Yeah? Man, 5 00:00:30,840 --> 00:00:33,360 Speaker 1: it was great. Less time with family, left time with 6 00:00:33,400 --> 00:00:35,680 Speaker 1: friends too at the same time, so it was idealist 7 00:00:35,840 --> 00:00:38,000 Speaker 1: that's the best, right. Well, this is I think just 8 00:00:38,080 --> 00:00:40,320 Speaker 1: the perfect time to talk about margin. Any percent of 9 00:00:40,360 --> 00:00:43,479 Speaker 1: folks say that they're living paycheck to paycheck Americans, they 10 00:00:43,520 --> 00:00:46,040 Speaker 1: are among the most stress and the entire world, and 11 00:00:46,080 --> 00:00:47,760 Speaker 1: a lot of that has to do with not having 12 00:00:47,960 --> 00:00:50,400 Speaker 1: enough margin in our lives. We're gonna talk about financial 13 00:00:50,400 --> 00:00:53,360 Speaker 1: margin as well as some other ways to include margin 14 00:00:53,400 --> 00:00:55,800 Speaker 1: in our lives. Yeah, man, I feel like margin is 15 00:00:56,200 --> 00:00:59,000 Speaker 1: the word for for me. It's like the word when 16 00:00:59,000 --> 00:01:00,680 Speaker 1: it comes to our fine answ is when it comes 17 00:01:00,720 --> 00:01:02,720 Speaker 1: to my time, like all those kind of things like 18 00:01:02,760 --> 00:01:05,320 Speaker 1: I want more margin brought back in to my life. 19 00:01:05,560 --> 00:01:07,000 Speaker 1: And so we're gonna kind of tackle that. This is 20 00:01:07,040 --> 00:01:10,039 Speaker 1: something that you and I are personally invested in. It's 21 00:01:10,040 --> 00:01:12,320 Speaker 1: something that we care about most definitely. Yeah, And so 22 00:01:12,520 --> 00:01:15,240 Speaker 1: I think it resonates with us on this deep personal level, 23 00:01:15,280 --> 00:01:18,080 Speaker 1: and and then it has application not just to our time, 24 00:01:18,120 --> 00:01:19,520 Speaker 1: but to our money as well. As we're gonna talk 25 00:01:19,560 --> 00:01:21,840 Speaker 1: about that at the same time, Matt, before we get 26 00:01:21,840 --> 00:01:24,679 Speaker 1: to that real quick, uh or over the holidays, our 27 00:01:24,760 --> 00:01:28,640 Speaker 1: girls set up a hot chocolate and cookie stand in 28 00:01:28,680 --> 00:01:30,600 Speaker 1: our neighborhood, and it was such a fun time getting 29 00:01:30,600 --> 00:01:32,800 Speaker 1: to see our girls kind of step out there and 30 00:01:32,840 --> 00:01:35,280 Speaker 1: do their first like entrepreneurial venture. Yeah. It was just 31 00:01:35,280 --> 00:01:37,120 Speaker 1: like a little business there right on the sidewalk. Man. 32 00:01:37,240 --> 00:01:39,200 Speaker 1: It's so cute. Yeah, I think. Yeah, they made what 33 00:01:39,280 --> 00:01:41,720 Speaker 1: like thirty bucks something like that selling cookies. And how 34 00:01:41,760 --> 00:01:43,960 Speaker 1: did they We haven't gotten our final cut yet. Oh 35 00:01:43,959 --> 00:01:45,240 Speaker 1: all right, well we're gonna have to dish that out 36 00:01:45,280 --> 00:01:47,160 Speaker 1: to you. Then well, well, look, does your oldest daughter 37 00:01:47,200 --> 00:01:49,280 Speaker 1: to she use the cash app? Or should I just 38 00:01:49,320 --> 00:01:51,480 Speaker 1: give her a hard cash? Yeah, she's got the Venmo okay, 39 00:01:51,480 --> 00:01:54,640 Speaker 1: all right on her smartphone she's hit. Yeah. That was 40 00:01:54,680 --> 00:01:56,760 Speaker 1: so fun though, man, And it's so fun to set 41 00:01:56,760 --> 00:01:58,800 Speaker 1: something like that up in your neighborhood and just such 42 00:01:58,840 --> 00:02:01,360 Speaker 1: a great way to kind of tea those money lessons. 43 00:02:01,640 --> 00:02:03,960 Speaker 1: And then you know, we're preparing for a little trip 44 00:02:04,040 --> 00:02:08,720 Speaker 1: to Disney World next month. Oh yeah, I'm not necessarily 45 00:02:08,760 --> 00:02:10,840 Speaker 1: excited about it, although I've been told I should be. 46 00:02:11,360 --> 00:02:13,000 Speaker 1: You know, when you first told me, I emailed back 47 00:02:13,040 --> 00:02:15,280 Speaker 1: and I said, who even are you right? Yeah, No, 48 00:02:15,400 --> 00:02:18,200 Speaker 1: it's it's not necessarily our jam. It's not kind of 49 00:02:18,200 --> 00:02:20,240 Speaker 1: how we roll. But my mother in lawn, father in law, 50 00:02:20,280 --> 00:02:22,120 Speaker 1: they're super into Disney and they're running a place, and 51 00:02:22,120 --> 00:02:23,600 Speaker 1: so we're gonna stay with them, and we're gonna go 52 00:02:23,600 --> 00:02:25,399 Speaker 1: to the park a couple of times. It's my girls 53 00:02:25,440 --> 00:02:26,840 Speaker 1: are gonna love it. But that that was one of 54 00:02:26,840 --> 00:02:29,640 Speaker 1: the things behind starting doing the stand was that I 55 00:02:29,680 --> 00:02:32,600 Speaker 1: know my oldest daughter is going to want a bunch 56 00:02:32,600 --> 00:02:34,359 Speaker 1: of things while we're there, and so this was the 57 00:02:34,360 --> 00:02:37,120 Speaker 1: perfect opportunity to say money, you need to earn some 58 00:02:37,160 --> 00:02:38,679 Speaker 1: of that spending money that you want to use while 59 00:02:38,680 --> 00:02:40,919 Speaker 1: we're down there. So so I think she's excited. She's 60 00:02:40,919 --> 00:02:43,200 Speaker 1: got some cash on hand, and we'll kind of give 61 00:02:43,200 --> 00:02:45,280 Speaker 1: her an allotment of what she can spend each day. 62 00:02:45,480 --> 00:02:47,919 Speaker 1: We'll provide a portion of that, she'll provide a portion 63 00:02:47,960 --> 00:02:50,280 Speaker 1: of that, and then that will teach her a lesson. 64 00:02:50,320 --> 00:02:52,720 Speaker 1: I think about the work that she had to do 65 00:02:52,880 --> 00:02:54,480 Speaker 1: in order to have the money to buy the things 66 00:02:54,480 --> 00:02:56,080 Speaker 1: that she wants while we're there. Yeah, well, both of 67 00:02:56,080 --> 00:02:58,280 Speaker 1: our girls they're also in first grade, and so that's 68 00:02:58,400 --> 00:03:00,760 Speaker 1: it was a perfect way for them to learned some math. 69 00:03:01,000 --> 00:03:03,880 Speaker 1: And in a real life situation, people are always showing 70 00:03:03,919 --> 00:03:05,600 Speaker 1: up with fight all our bills and they gotta break 71 00:03:05,600 --> 00:03:08,640 Speaker 1: the five. So like, what's five minus one? Because the 72 00:03:08,680 --> 00:03:11,120 Speaker 1: goods the cookies in the hot chocolate cost one dollar, 73 00:03:11,560 --> 00:03:14,440 Speaker 1: so they got really good at saying five minus one 74 00:03:14,520 --> 00:03:17,720 Speaker 1: is four. Well, they also learned about tipping because we 75 00:03:17,760 --> 00:03:19,919 Speaker 1: have some generous neighbors. Yeah, there were a lot of 76 00:03:19,960 --> 00:03:21,440 Speaker 1: lessons and a lot of It was a lot of 77 00:03:21,440 --> 00:03:23,920 Speaker 1: fun at this cookie and hot chocolate stand and just 78 00:03:24,000 --> 00:03:26,239 Speaker 1: perfect for the weather. It was. Yeah, such a fun time. 79 00:03:26,440 --> 00:03:28,000 Speaker 1: I think we've even got a picture from that as well, 80 00:03:28,000 --> 00:03:30,160 Speaker 1: So maybe we'll toss that up on the Instagram later on, 81 00:03:30,400 --> 00:03:32,400 Speaker 1: no doubt. All right, man, let's mentioned the beer that 82 00:03:32,400 --> 00:03:34,520 Speaker 1: we're having on the show today. This one's called Visible 83 00:03:34,520 --> 00:03:37,080 Speaker 1: World by Modern Times. It's a double I p A 84 00:03:37,240 --> 00:03:39,000 Speaker 1: and big thanks to my buddy Craig who sent this 85 00:03:39,040 --> 00:03:42,320 Speaker 1: one our way. He's a brewer out there in California 86 00:03:42,360 --> 00:03:44,440 Speaker 1: for Modern Times and man, they make some great beers. 87 00:03:44,480 --> 00:03:45,880 Speaker 1: I'm really excited to have this one on the show 88 00:03:45,920 --> 00:03:48,000 Speaker 1: with you today, my friend. Yeah, man, I'm looking forward 89 00:03:48,040 --> 00:03:49,840 Speaker 1: to this one. I can already tell you that it's 90 00:03:49,840 --> 00:03:52,080 Speaker 1: a little bit sweet because I took a sip, and 91 00:03:52,280 --> 00:03:54,440 Speaker 1: that means I'm gonna like it. I like the sweet 92 00:03:54,480 --> 00:03:57,000 Speaker 1: things in life. Yeah, you do. That's that's why you 93 00:03:57,040 --> 00:03:59,560 Speaker 1: like our friendship? Is it sweet? I think so sweet 94 00:03:59,560 --> 00:04:02,040 Speaker 1: and sour? All right, let's get onto the topic at hand. 95 00:04:02,480 --> 00:04:05,120 Speaker 1: It's it's a new year, and I feel like a 96 00:04:05,160 --> 00:04:09,040 Speaker 1: new year, of course, presents new possibilities for all of us. 97 00:04:09,240 --> 00:04:11,560 Speaker 1: It's just easier for us to believe that a new 98 00:04:11,640 --> 00:04:13,960 Speaker 1: narrative is possible for our lives as kind of the 99 00:04:14,000 --> 00:04:17,640 Speaker 1: calendar turns and it is. We have the power to 100 00:04:17,720 --> 00:04:21,159 Speaker 1: change our previous negative money associations, and we have the 101 00:04:21,200 --> 00:04:24,880 Speaker 1: ability to start handling our personal finances better this year. 102 00:04:24,960 --> 00:04:28,560 Speaker 1: In creating a larger gap between incoming money and outgoing 103 00:04:28,600 --> 00:04:31,680 Speaker 1: expenses allows you to save more and creates more financial 104 00:04:31,680 --> 00:04:34,080 Speaker 1: margin in your life. So we're gonna talk about that, 105 00:04:34,120 --> 00:04:35,840 Speaker 1: but we'll also talk about the other areas of our 106 00:04:35,880 --> 00:04:38,080 Speaker 1: lives where we should all be shooting for more margin. 107 00:04:39,279 --> 00:04:42,280 Speaker 1: And we often hear the term margin when business is 108 00:04:42,400 --> 00:04:45,120 Speaker 1: mentioned their profit margin, right, like when they referred to 109 00:04:45,240 --> 00:04:47,600 Speaker 1: like what's left over after selling your product and factoring 110 00:04:47,680 --> 00:04:50,800 Speaker 1: in your expenses, not unlike what the girls did with 111 00:04:50,839 --> 00:04:54,760 Speaker 1: their cookies. Right, what was the profit margin, Joel? Where details? Well, 112 00:04:54,800 --> 00:04:57,279 Speaker 1: you gotta factor in the publicized statement. Well that's why 113 00:04:57,279 --> 00:05:00,240 Speaker 1: EVY hasn't gotten their cut yet, because we all the 114 00:05:00,279 --> 00:05:02,320 Speaker 1: supplies and so we gotta figure out all that. But yeah, 115 00:05:02,320 --> 00:05:04,640 Speaker 1: so the hot chocolate, there's the chocolate chips, there's a flower, 116 00:05:04,680 --> 00:05:06,919 Speaker 1: there's all that kind of stuff that went into creating 117 00:05:06,960 --> 00:05:09,000 Speaker 1: the product that was sold. Well, I know, you guys 118 00:05:09,000 --> 00:05:10,960 Speaker 1: definitely did most of the heavy lifting there, so I'm 119 00:05:11,000 --> 00:05:15,200 Speaker 1: not expecting that cuts. What is interesting, though, you know, 120 00:05:15,240 --> 00:05:17,400 Speaker 1: when it comes to profit margin is we do often 121 00:05:17,440 --> 00:05:20,839 Speaker 1: think of ourselves individually as businesses sometimes, but you know, 122 00:05:20,920 --> 00:05:24,040 Speaker 1: specifically with this episode, we're talking about margin a little 123 00:05:24,040 --> 00:05:27,400 Speaker 1: more broadly. There's this quote by doctor Richard Swinton, and 124 00:05:27,440 --> 00:05:29,320 Speaker 1: he kind of had a good definition for us where 125 00:05:29,320 --> 00:05:32,880 Speaker 1: he said that margin is the gap between rest and exhaustion. 126 00:05:32,960 --> 00:05:36,520 Speaker 1: It's the space between breathing freely and suffocating. And I 127 00:05:36,560 --> 00:05:38,520 Speaker 1: think many of us could use more margin in our 128 00:05:38,520 --> 00:05:40,719 Speaker 1: lives when it comes to our time, and a whole 129 00:05:40,720 --> 00:05:43,480 Speaker 1: lot of us could also use some more financial margin 130 00:05:43,520 --> 00:05:45,800 Speaker 1: as well. Yeah, so let's kind of talk about financial 131 00:05:45,800 --> 00:05:49,000 Speaker 1: margin first, because our shows how the money. It's obviously 132 00:05:49,120 --> 00:05:52,040 Speaker 1: crucial that we talk about creating that financial breathing room 133 00:05:52,080 --> 00:05:54,320 Speaker 1: in our lives. And I think that's something to strive 134 00:05:54,360 --> 00:05:57,120 Speaker 1: for this year. If you feel like you haven't been 135 00:05:57,120 --> 00:05:59,919 Speaker 1: able to accomplish any sort of financial margin in your life, 136 00:06:00,160 --> 00:06:02,640 Speaker 1: well that's what we're here to do this year. That's 137 00:06:02,640 --> 00:06:04,760 Speaker 1: our goal. Like, we're here to talk about it now, 138 00:06:04,839 --> 00:06:07,000 Speaker 1: kind of set the table, and then throughout the year, 139 00:06:07,000 --> 00:06:09,640 Speaker 1: we're gonna be giving examples and we're gonna be giving 140 00:06:10,080 --> 00:06:13,160 Speaker 1: specific advice in order to help you achieve that goal 141 00:06:13,200 --> 00:06:15,480 Speaker 1: of creating more financial margin in your life. And who 142 00:06:15,560 --> 00:06:17,880 Speaker 1: this is getting official? Is this gonna be our official 143 00:06:18,240 --> 00:06:20,880 Speaker 1: official theme for the years? Is margin? I don't think no, 144 00:06:20,960 --> 00:06:23,479 Speaker 1: I don't think it's like a fully themed year or anything, 145 00:06:23,520 --> 00:06:25,200 Speaker 1: but I think you know, for me, this is a 146 00:06:25,240 --> 00:06:28,840 Speaker 1: word that I'm using to kind of prioritize, and I 147 00:06:28,880 --> 00:06:31,720 Speaker 1: think so many of our listeners have expressed that they've 148 00:06:31,720 --> 00:06:34,320 Speaker 1: had a hard time finding financial margin or they're kind 149 00:06:34,360 --> 00:06:35,840 Speaker 1: of at the beginning of their journey and they've just 150 00:06:35,880 --> 00:06:39,000 Speaker 1: created a certain amount of financial margin. And so, yeah, 151 00:06:39,040 --> 00:06:41,000 Speaker 1: a lot of the topics that we cover anyway are 152 00:06:41,040 --> 00:06:43,200 Speaker 1: helping people develop more of that margin in their lives 153 00:06:43,200 --> 00:06:45,039 Speaker 1: when it comes to their money, right, and hopefully it 154 00:06:45,080 --> 00:06:47,960 Speaker 1: gets to the point where they're savings rate is astronomical 155 00:06:48,120 --> 00:06:50,000 Speaker 1: and they've got like an insane amount of margin. Right, 156 00:06:50,000 --> 00:06:54,680 Speaker 1: that's the ultimate coal. Yeah, next year's word will be excess. Yeah. 157 00:06:54,720 --> 00:06:58,000 Speaker 1: But so the first really financial margin that you're able 158 00:06:58,040 --> 00:07:01,000 Speaker 1: to gain in your life is build thing an emergency fund. 159 00:07:01,160 --> 00:07:02,800 Speaker 1: And at a very basic level, when it comes to 160 00:07:02,800 --> 00:07:06,799 Speaker 1: your personal finances, margin is an emergency fund. Some people 161 00:07:06,839 --> 00:07:09,680 Speaker 1: call it a cash cushion or cash reserves, but an 162 00:07:09,720 --> 00:07:12,280 Speaker 1: emergency fund is money that's set aside that can be 163 00:07:12,320 --> 00:07:14,920 Speaker 1: accessed quickly if you're in a pinch. So a lot 164 00:07:14,920 --> 00:07:17,160 Speaker 1: of folks say that the minimum should be a thousand bucks, 165 00:07:17,200 --> 00:07:19,760 Speaker 1: or that three to six months of saving should be 166 00:07:19,800 --> 00:07:22,200 Speaker 1: your goal. But we recently discussed on the show Matt 167 00:07:22,200 --> 00:07:24,840 Speaker 1: how there's a specific number that people should be aiming 168 00:07:24,840 --> 00:07:28,160 Speaker 1: for when they're saving up an emergency fund. It's two thousand, 169 00:07:28,360 --> 00:07:31,040 Speaker 1: four hundred and sixty seven dollars to four or six seven, 170 00:07:31,120 --> 00:07:34,600 Speaker 1: And for almost everybody out there, that's like an infomercial, 171 00:07:34,880 --> 00:07:38,000 Speaker 1: right right, just for one easy payment of two six seven. Yeah, 172 00:07:38,160 --> 00:07:39,720 Speaker 1: if you can be a stress free but if you 173 00:07:39,720 --> 00:07:43,760 Speaker 1: can hit that number, that truly is that baseline amount 174 00:07:43,800 --> 00:07:45,840 Speaker 1: you need to have that breathing room to have that 175 00:07:45,880 --> 00:07:50,320 Speaker 1: financial margin that allows you to weather those unexpected storms, 176 00:07:50,400 --> 00:07:53,680 Speaker 1: the unexpected expenses that do pop into your life, a 177 00:07:53,720 --> 00:07:57,480 Speaker 1: surprise bill or a surprise expense that you weren't considering, 178 00:07:57,480 --> 00:07:59,920 Speaker 1: you weren't thinking about, a transmission failure in a car, 179 00:08:00,040 --> 00:08:02,320 Speaker 1: or whatever it may be. And that is a great 180 00:08:02,480 --> 00:08:05,160 Speaker 1: goal to have to hit that amount in your fund 181 00:08:05,440 --> 00:08:08,360 Speaker 1: in order to have that baseline margin. And you know what, 182 00:08:08,800 --> 00:08:11,120 Speaker 1: just having that financial margin creates a lot of like 183 00:08:11,720 --> 00:08:14,520 Speaker 1: margin in your head like brain space. Yeah right, it's 184 00:08:14,560 --> 00:08:17,840 Speaker 1: huge just for being able to think clearly. But even still, man, 185 00:08:17,880 --> 00:08:19,280 Speaker 1: I think for a lot of folks, you know, they 186 00:08:19,280 --> 00:08:21,600 Speaker 1: hear that and they think, man, that's bucks, that's that's 187 00:08:21,600 --> 00:08:23,520 Speaker 1: still a lot of money. And so I think even 188 00:08:23,560 --> 00:08:25,680 Speaker 1: if you don't have a pile of cash sitting around like, 189 00:08:25,720 --> 00:08:28,560 Speaker 1: there is a chance that you could immediately have some 190 00:08:28,640 --> 00:08:31,840 Speaker 1: financial margin this month with just a few tweaks, right, Like, 191 00:08:31,880 --> 00:08:34,560 Speaker 1: the goal is to spend less than you're currently earning, 192 00:08:34,720 --> 00:08:37,840 Speaker 1: and while by definition you now have financial margin, Like 193 00:08:37,920 --> 00:08:40,120 Speaker 1: it really doesn't have to be more complicated than that. 194 00:08:40,280 --> 00:08:42,840 Speaker 1: You know, like maybe there's not a lot there. You know, 195 00:08:42,960 --> 00:08:45,640 Speaker 1: you don't have a ton of financial margin, but over time, 196 00:08:45,720 --> 00:08:48,160 Speaker 1: like you want to work to increase that gap between 197 00:08:48,160 --> 00:08:50,600 Speaker 1: what you're earning and what you're spending. This might just 198 00:08:50,679 --> 00:08:53,040 Speaker 1: be acting a few easy line items maybe on your budget, 199 00:08:53,200 --> 00:08:56,240 Speaker 1: or depending on your situation, it could mean maybe some 200 00:08:56,320 --> 00:08:59,600 Speaker 1: more difficult pruning. But essentially, any time you're able to 201 00:08:59,720 --> 00:09:01,800 Speaker 1: have any sort of gap there in between what you're 202 00:09:01,840 --> 00:09:04,640 Speaker 1: earning and what you're spending, like, by definition, that as 203 00:09:04,679 --> 00:09:07,560 Speaker 1: financial margins, So be encouraged if that's you. I think, 204 00:09:07,600 --> 00:09:10,880 Speaker 1: no matter where you are, aiming for a semblance of 205 00:09:10,920 --> 00:09:14,840 Speaker 1: financial margin, if you're at zero right now or more margin, 206 00:09:15,040 --> 00:09:17,280 Speaker 1: if you have gotten the ball rolling and you already 207 00:09:17,280 --> 00:09:20,400 Speaker 1: have a decent emergency fund, that's your goal. Wherever you are, 208 00:09:20,520 --> 00:09:22,800 Speaker 1: you can aim for more. And I think that's definitely 209 00:09:23,000 --> 00:09:25,120 Speaker 1: a positive message and something that's important for us to 210 00:09:25,240 --> 00:09:27,920 Speaker 1: realize as we're talking about this. This this message is 211 00:09:27,960 --> 00:09:32,000 Speaker 1: for everyone. So and why, Matt, is margin so important? 212 00:09:32,280 --> 00:09:34,360 Speaker 1: I think the reason it is so important, to the 213 00:09:34,440 --> 00:09:36,840 Speaker 1: reason we really feel compelled to talk about it on 214 00:09:36,880 --> 00:09:39,040 Speaker 1: the first day of the new year right in, is 215 00:09:39,360 --> 00:09:41,480 Speaker 1: that we well, we have to fight for margin, whether 216 00:09:41,480 --> 00:09:43,920 Speaker 1: we're talking about our time or our money. It doesn't 217 00:09:43,960 --> 00:09:47,680 Speaker 1: just magically appear. It's It takes a proactive effort on 218 00:09:47,880 --> 00:09:50,080 Speaker 1: your part, on my part, in order to secure it 219 00:09:50,160 --> 00:09:52,720 Speaker 1: for ourselves and for our families. So let's talk about 220 00:09:52,720 --> 00:09:55,880 Speaker 1: time for a second time. Margin helps to keep these 221 00:09:55,920 --> 00:10:00,160 Speaker 1: important relationships intact, as well as allowing us to time 222 00:10:00,240 --> 00:10:02,839 Speaker 1: to think in solitude that we need in order to 223 00:10:02,920 --> 00:10:05,200 Speaker 1: keep our own personal well being in a good place 224 00:10:05,400 --> 00:10:08,040 Speaker 1: and to keep those stress levels at bay. If we 225 00:10:08,040 --> 00:10:11,400 Speaker 1: don't have margin to to think about the people that 226 00:10:11,480 --> 00:10:13,480 Speaker 1: we love and care about the most, it's going to 227 00:10:13,559 --> 00:10:16,800 Speaker 1: impact those relationships negatively. We're not going to be putting 228 00:10:16,840 --> 00:10:19,920 Speaker 1: the thoughtfulness and the effort into those friendships, into those 229 00:10:19,920 --> 00:10:22,200 Speaker 1: relationships that we have that are the nearest and dearest 230 00:10:22,200 --> 00:10:24,200 Speaker 1: to us. Man. I don't know about you, Matt. I 231 00:10:24,280 --> 00:10:26,520 Speaker 1: felt this at times in my life where I know 232 00:10:26,640 --> 00:10:28,640 Speaker 1: that I love and care for people, but I feel 233 00:10:28,640 --> 00:10:30,480 Speaker 1: like all these other things have encroached on me so 234 00:10:30,559 --> 00:10:33,840 Speaker 1: hard that I feel like my margin, my lack of 235 00:10:33,960 --> 00:10:37,760 Speaker 1: margin has led to just a decline and satisfaction in 236 00:10:37,840 --> 00:10:41,679 Speaker 1: some of my relationships, mostly because I was unable at 237 00:10:41,679 --> 00:10:44,160 Speaker 1: that time to really be there for the people I 238 00:10:44,200 --> 00:10:46,760 Speaker 1: love the most, because I just wasn't putting enough thought 239 00:10:46,840 --> 00:10:49,520 Speaker 1: or care into those relationships. And that can be stressful, 240 00:10:49,640 --> 00:10:51,640 Speaker 1: right well, like when you know your relationships are suffering 241 00:10:51,679 --> 00:10:54,040 Speaker 1: because of a lack of time, Like that's that's stressful. 242 00:10:54,320 --> 00:10:56,520 Speaker 1: You know, when you don't have financial margin as well, though, 243 00:10:56,559 --> 00:10:59,320 Speaker 1: that can also be crazy stressful, like when you have 244 00:10:59,400 --> 00:11:02,360 Speaker 1: some financial margin that can help keep those trying times 245 00:11:02,400 --> 00:11:06,000 Speaker 1: at bay. Most Americans would have no idea what to 246 00:11:06,080 --> 00:11:08,360 Speaker 1: do if they lost their job today, you know, or 247 00:11:08,400 --> 00:11:10,599 Speaker 1: if their employer had a payroll glitch. I think a 248 00:11:10,600 --> 00:11:12,360 Speaker 1: lot of folks even got a wake up call was 249 00:11:12,880 --> 00:11:15,040 Speaker 1: a full year ago now where the where the government 250 00:11:15,120 --> 00:11:16,880 Speaker 1: kind of shut down for a little bit and folks 251 00:11:16,920 --> 00:11:19,680 Speaker 1: weren't getting their paychecks and and overnight jobs that were 252 00:11:19,760 --> 00:11:22,840 Speaker 1: maybe once seen as kind of being the most secure jobs. 253 00:11:23,120 --> 00:11:25,200 Speaker 1: The folks who had those jobs then felt like that 254 00:11:25,240 --> 00:11:28,120 Speaker 1: they had unsure footing. Yeah, and really, so many of 255 00:11:28,160 --> 00:11:30,320 Speaker 1: them knew that once the government shutdown was over, that 256 00:11:30,559 --> 00:11:32,680 Speaker 1: they were going to get that back pay. Most most 257 00:11:32,720 --> 00:11:35,400 Speaker 1: of the employees, they knew it was coming, but they 258 00:11:35,400 --> 00:11:38,840 Speaker 1: couldn't bridge the gap in between, you know, the weeks 259 00:11:38,880 --> 00:11:40,960 Speaker 1: and what ended up being what three weeks or a 260 00:11:40,960 --> 00:11:43,560 Speaker 1: month what however long it was. They couldn't bridge that gap. 261 00:11:43,720 --> 00:11:45,320 Speaker 1: And that's the case for so many of us. Like 262 00:11:45,400 --> 00:11:47,120 Speaker 1: if there was a glitch like that, if there was 263 00:11:47,400 --> 00:11:50,200 Speaker 1: something that happened where your your employer forgot to pay 264 00:11:50,200 --> 00:11:51,720 Speaker 1: you and they're like, you know what, I'll make up 265 00:11:51,760 --> 00:11:54,040 Speaker 1: for it two weeks from now and you'll get double pay. Well, 266 00:11:54,080 --> 00:11:56,719 Speaker 1: could you stomach those two weeks? Do you have the 267 00:11:56,760 --> 00:11:59,240 Speaker 1: money in savings in order to handle a glitch like that? 268 00:11:59,559 --> 00:12:02,120 Speaker 1: Or if you work for the government and they are 269 00:12:02,160 --> 00:12:04,640 Speaker 1: in net at coming to a deal again, like, do 270 00:12:04,679 --> 00:12:06,800 Speaker 1: you have the money to be able to cover yourself 271 00:12:06,840 --> 00:12:09,840 Speaker 1: for three weeks or a month during that time or 272 00:12:09,920 --> 00:12:12,800 Speaker 1: are you going to be stressed out unable to meet 273 00:12:12,800 --> 00:12:16,079 Speaker 1: your bill payments. That's a terrible place to be. Yeah, totally, man, 274 00:12:16,240 --> 00:12:18,920 Speaker 1: I mean financial margin is just so crucial and ensuring 275 00:12:18,920 --> 00:12:21,680 Speaker 1: that you can navigate those trials, those whatever it happens 276 00:12:21,720 --> 00:12:25,280 Speaker 1: to be, but without an overwhelming amount of stress, you know, 277 00:12:25,280 --> 00:12:27,440 Speaker 1: and we're kind of talking about the negative side of it, right, 278 00:12:27,440 --> 00:12:29,480 Speaker 1: but let's put a positive spin on it. When you 279 00:12:29,480 --> 00:12:32,080 Speaker 1: have a financial margin that can afford you the flexibility 280 00:12:32,240 --> 00:12:35,680 Speaker 1: to maybe not stick exactly to your budget, say maybe 281 00:12:35,720 --> 00:12:38,320 Speaker 1: your priorities might change, or you want to take advantage 282 00:12:38,360 --> 00:12:41,000 Speaker 1: of a deal or an opportunity that comes along. That's 283 00:12:41,040 --> 00:12:43,240 Speaker 1: not just about avoiding stress, but it can be the 284 00:12:43,280 --> 00:12:45,840 Speaker 1: ability to jump at the opportunity, you know, when something 285 00:12:45,840 --> 00:12:47,760 Speaker 1: good like that comes along. You know, we're talking about 286 00:12:47,800 --> 00:12:49,400 Speaker 1: in the in the frame of money, but the same 287 00:12:49,440 --> 00:12:52,000 Speaker 1: thing goes with time as well. When you have some time, 288 00:12:52,360 --> 00:12:54,600 Speaker 1: it gives you more flexibility and more options to say 289 00:12:54,679 --> 00:12:57,400 Speaker 1: yes to things, if, of course those things line up 290 00:12:57,400 --> 00:12:59,520 Speaker 1: with your priorities. Yeah. Man, I feel like the more 291 00:12:59,600 --> 00:13:01,560 Speaker 1: financial a margin I've been able to gain in my life, 292 00:13:01,640 --> 00:13:05,400 Speaker 1: the more I see these really kind of odd sometimes 293 00:13:05,400 --> 00:13:08,000 Speaker 1: ways that I can use some of that money to 294 00:13:08,200 --> 00:13:12,080 Speaker 1: make more money, or I can pounce on a deal 295 00:13:12,120 --> 00:13:14,120 Speaker 1: that otherwise I would have had to say no to 296 00:13:14,440 --> 00:13:17,679 Speaker 1: but it's such an amazing thing for my family, or 297 00:13:17,800 --> 00:13:19,640 Speaker 1: or something that we've been a purchased that we've maybe 298 00:13:19,679 --> 00:13:21,280 Speaker 1: been thinking about for a long time, and we've just 299 00:13:21,320 --> 00:13:23,400 Speaker 1: been waiting and holding out and I would have to 300 00:13:23,440 --> 00:13:25,200 Speaker 1: say no if I didn't have the financial margin. And 301 00:13:25,280 --> 00:13:27,880 Speaker 1: so I think the more financial margin we have, there's 302 00:13:27,880 --> 00:13:30,720 Speaker 1: this big positive impact that it has on kind of 303 00:13:30,720 --> 00:13:33,960 Speaker 1: how we're able to take advantage of different opportunities that 304 00:13:34,000 --> 00:13:36,480 Speaker 1: come our way. It's not about just making life not suck, 305 00:13:36,600 --> 00:13:39,120 Speaker 1: it's about making it awesome, right right, Yeah, So I 306 00:13:39,160 --> 00:13:42,240 Speaker 1: think when we're thinking about margin, an interesting kind of 307 00:13:42,320 --> 00:13:44,160 Speaker 1: way to think about it, that kind of I don't know, 308 00:13:44,200 --> 00:13:46,880 Speaker 1: mental imagery that helps me is to think about it 309 00:13:46,960 --> 00:13:49,880 Speaker 1: as a shoulder on the highway. So if you're driving 310 00:13:49,880 --> 00:13:52,480 Speaker 1: at night, having a shoulder on the road with those 311 00:13:52,559 --> 00:13:55,600 Speaker 1: rumble strips on the side, well, it's incredibly helpful. It 312 00:13:55,640 --> 00:13:57,640 Speaker 1: means that if you steer off course just a bit, 313 00:13:57,960 --> 00:14:00,199 Speaker 1: you aren't directly getting tangled up with the guard rail, 314 00:14:00,320 --> 00:14:03,040 Speaker 1: ruining your car running off into a ditch. Right, So 315 00:14:03,200 --> 00:14:05,400 Speaker 1: that margin is our aim, Like we want if you 316 00:14:05,480 --> 00:14:07,439 Speaker 1: did doze off just to touch and you hit the 317 00:14:07,480 --> 00:14:09,400 Speaker 1: rumble strips, it wakes you up, it brings you back. 318 00:14:09,559 --> 00:14:11,439 Speaker 1: You're able to veer back into your lane and that's 319 00:14:11,520 --> 00:14:14,000 Speaker 1: kind of what that margin does for us. At the 320 00:14:14,040 --> 00:14:17,800 Speaker 1: same time, it means that the slightest deviation doesn't take 321 00:14:17,880 --> 00:14:19,960 Speaker 1: us off a cliff. It's actually just a reminder to 322 00:14:19,960 --> 00:14:22,040 Speaker 1: help us get back into the place where we're supposed 323 00:14:22,040 --> 00:14:24,480 Speaker 1: to be. I like that. Man. We're gonna talk how 324 00:14:24,640 --> 00:14:26,480 Speaker 1: we can create more margin in our life later on 325 00:14:26,480 --> 00:14:27,920 Speaker 1: in the show, But next we're gonna talk about some 326 00:14:27,920 --> 00:14:30,760 Speaker 1: of the different things that keep us from having more margin. 327 00:14:30,920 --> 00:14:41,880 Speaker 1: But first a quick break. All right, Matt, we're back. 328 00:14:41,920 --> 00:14:44,960 Speaker 1: It's our first episode of and we're talking about margin, 329 00:14:45,320 --> 00:14:47,080 Speaker 1: a word that we hope kind of defines this here 330 00:14:47,200 --> 00:14:50,640 Speaker 1: for you and I for our families. And let's talk 331 00:14:50,680 --> 00:14:52,600 Speaker 1: about some of the things that currently keep us from 332 00:14:52,640 --> 00:14:54,880 Speaker 1: having more margin. And I think there are there are 333 00:14:54,920 --> 00:14:59,280 Speaker 1: a few specific ways that we approach life that can 334 00:14:59,480 --> 00:15:02,680 Speaker 1: affect how we view margin. And it's important to note 335 00:15:02,760 --> 00:15:05,920 Speaker 1: because so much of the way we think about our 336 00:15:05,960 --> 00:15:08,240 Speaker 1: lives is tied up in these things. And if we 337 00:15:08,280 --> 00:15:10,880 Speaker 1: can just kind of change our viewpoint and see where 338 00:15:11,000 --> 00:15:14,400 Speaker 1: reality lies, then we can then start to attack the problem. 339 00:15:14,720 --> 00:15:17,240 Speaker 1: So one of the things that keeps us from having 340 00:15:17,280 --> 00:15:20,600 Speaker 1: more margin is buying into kind of the current status 341 00:15:20,680 --> 00:15:23,600 Speaker 1: quo in our lives. Basically, we've just gotten used to 342 00:15:23,720 --> 00:15:25,800 Speaker 1: having so little margin in our lives that it's all 343 00:15:25,840 --> 00:15:28,600 Speaker 1: we know. We're all busy and money is tight for 344 00:15:28,680 --> 00:15:31,040 Speaker 1: lots of us, and it's just easy for us to 345 00:15:31,040 --> 00:15:34,200 Speaker 1: accept that both of those things are definitive statements about 346 00:15:34,200 --> 00:15:37,600 Speaker 1: who we are. They're immovable, they're concrete. But that's just 347 00:15:37,640 --> 00:15:39,840 Speaker 1: not the case. Right. We can take a mental leap 348 00:15:39,880 --> 00:15:43,240 Speaker 1: to see both of those things as circumstantial situations that 349 00:15:43,320 --> 00:15:45,320 Speaker 1: we have the ability to put a dent in to 350 00:15:45,440 --> 00:15:48,080 Speaker 1: create more margin in our own lives and homes. We 351 00:15:48,200 --> 00:15:51,720 Speaker 1: have the ability ultimately to create a new status quo. 352 00:15:52,000 --> 00:15:54,720 Speaker 1: We can change the narrative, right, And I think that 353 00:15:54,880 --> 00:15:57,840 Speaker 1: is just one of those the biggest hurdles to actually 354 00:15:58,120 --> 00:16:01,360 Speaker 1: getting a semblance of margin in our lives is overcoming 355 00:16:01,720 --> 00:16:05,040 Speaker 1: that idea that what the way things currently are has 356 00:16:05,080 --> 00:16:07,800 Speaker 1: to be the way that things stay. Yeah, that's so good, man, Like, 357 00:16:07,800 --> 00:16:09,840 Speaker 1: that's a good question that we can ask ourselves, right, Like, 358 00:16:09,960 --> 00:16:14,320 Speaker 1: do you identify as being a busy person? Because if so, like, 359 00:16:14,360 --> 00:16:16,280 Speaker 1: then that's probably what you're going to continue to be 360 00:16:16,440 --> 00:16:19,920 Speaker 1: if you identify with that, Joel, are you a busy person? Yeah? 361 00:16:19,960 --> 00:16:21,720 Speaker 1: That's a good question, I think. Man, the narrative I 362 00:16:21,760 --> 00:16:24,040 Speaker 1: tell myself oftentimes is that I am a busy person, 363 00:16:24,120 --> 00:16:26,520 Speaker 1: and I think there are so many ways for me 364 00:16:26,560 --> 00:16:29,920 Speaker 1: to become less quote unquote busy, and ultimately that that 365 00:16:30,040 --> 00:16:32,120 Speaker 1: business is just kind of the story I've told myself 366 00:16:32,160 --> 00:16:34,440 Speaker 1: about my life, and there are changes that I can make, 367 00:16:34,560 --> 00:16:38,840 Speaker 1: concrete changes that I can make to change what's actually true. 368 00:16:39,160 --> 00:16:42,560 Speaker 1: It reminds me of our conversation with Laura Vanderkam, who 369 00:16:42,840 --> 00:16:47,480 Speaker 1: hosts the podcast Before Breakfast, and she had some good 370 00:16:47,480 --> 00:16:49,040 Speaker 1: insight I think. I think it was like something like 371 00:16:49,080 --> 00:16:51,360 Speaker 1: episode ninety. She had some really good insight for us, 372 00:16:51,640 --> 00:16:54,040 Speaker 1: and she talked about kind of this water heater analogy 373 00:16:54,360 --> 00:16:56,240 Speaker 1: where this this lady she was talking to about her 374 00:16:56,280 --> 00:16:58,760 Speaker 1: time management had a water heater burst and it just 375 00:16:58,800 --> 00:17:01,040 Speaker 1: created this ripple effect of problems in her house. Right, 376 00:17:01,320 --> 00:17:03,080 Speaker 1: the the the water that needed to be cleaned up, 377 00:17:03,120 --> 00:17:05,199 Speaker 1: the carpet that needed to be replaced, on and on 378 00:17:05,240 --> 00:17:07,320 Speaker 1: and on, not to mention just replacing the water heater 379 00:17:07,600 --> 00:17:10,160 Speaker 1: and getting that done, and all the hours she spent 380 00:17:10,560 --> 00:17:12,760 Speaker 1: in this quote unquote busy week where she didn't have 381 00:17:12,800 --> 00:17:14,720 Speaker 1: time to do anything else, but she was forced to 382 00:17:14,760 --> 00:17:17,520 Speaker 1: make time in order to do this this pressing thing. 383 00:17:18,000 --> 00:17:20,120 Speaker 1: And I don't know about you, man, but but that 384 00:17:20,200 --> 00:17:22,639 Speaker 1: resonated with me deeply, and I feel like that's something 385 00:17:22,680 --> 00:17:25,600 Speaker 1: that I'm guilty of, is saying that I don't have 386 00:17:25,680 --> 00:17:29,000 Speaker 1: time for the things that actually should matter more to me. 387 00:17:29,400 --> 00:17:32,280 Speaker 1: And that's yeah, that's why I think this episode and 388 00:17:32,359 --> 00:17:35,880 Speaker 1: kind of tackling this topic is so important for us 389 00:17:36,320 --> 00:17:38,760 Speaker 1: and hopefully for our listeners to write and at this 390 00:17:38,800 --> 00:17:42,080 Speaker 1: specific moment in time. Yeah, Well, that's the thing about business, right, 391 00:17:42,160 --> 00:17:44,720 Speaker 1: is that it can be a precursor. It can lead 392 00:17:44,760 --> 00:17:46,840 Speaker 1: to a less margin than our lives. Like Seth Godin 393 00:17:46,920 --> 00:17:49,399 Speaker 1: says that anybody can be busy. All you need to 394 00:17:49,400 --> 00:17:51,200 Speaker 1: do to feel busy is to try to get two 395 00:17:51,200 --> 00:17:54,000 Speaker 1: things done at once, or seek to beat a deadline 396 00:17:54,040 --> 00:17:56,119 Speaker 1: that is stressing you out. And you know, when it 397 00:17:56,160 --> 00:17:59,080 Speaker 1: comes to our personal finances, being quote unquote busy is 398 00:17:59,160 --> 00:18:01,879 Speaker 1: just going up out the daily acts of earning and 399 00:18:01,920 --> 00:18:04,440 Speaker 1: spending our money without giving enough thoughts to the larger 400 00:18:04,520 --> 00:18:07,760 Speaker 1: things that might be even more important. Right to me, 401 00:18:07,840 --> 00:18:10,240 Speaker 1: it's allowing the urgent things in life to overtake the 402 00:18:10,320 --> 00:18:12,199 Speaker 1: things that are more important. So, yeah, you need to 403 00:18:12,200 --> 00:18:14,360 Speaker 1: go into work so that you don't get fired, right, 404 00:18:14,400 --> 00:18:17,760 Speaker 1: And yes, you should probably pay your different bills. But 405 00:18:17,840 --> 00:18:20,080 Speaker 1: maybe the more important questions we should be asking ourselves 406 00:18:20,080 --> 00:18:22,560 Speaker 1: are things like, well, maybe this particular job is holding 407 00:18:22,560 --> 00:18:25,200 Speaker 1: me back and I should be looking for something that 408 00:18:25,280 --> 00:18:27,240 Speaker 1: I'm better suited for. Or maybe this isn't a bill 409 00:18:27,240 --> 00:18:29,200 Speaker 1: I should have in the first place. I shouldn't have 410 00:18:29,280 --> 00:18:31,440 Speaker 1: a car payment at all. And so when we're busy, 411 00:18:31,480 --> 00:18:33,800 Speaker 1: we're not stepping back enough to take site of the 412 00:18:33,920 --> 00:18:35,760 Speaker 1: entire picture. We're not kind of lifting our head up 413 00:18:35,760 --> 00:18:38,160 Speaker 1: above the smoke and seeing like what is actually going 414 00:18:38,200 --> 00:18:40,080 Speaker 1: on here. We're just doing it. We're just going about 415 00:18:40,080 --> 00:18:42,280 Speaker 1: the motions of it. And I think that specifically is 416 00:18:42,280 --> 00:18:45,360 Speaker 1: when dizziness can keep us from having more margin. Yeah, 417 00:18:45,440 --> 00:18:47,520 Speaker 1: it's like walking through a forest and you're just looking 418 00:18:47,560 --> 00:18:50,080 Speaker 1: at every individual tree as you're going on your hike. 419 00:18:50,520 --> 00:18:52,960 Speaker 1: But you know what, for the forest and the tree 420 00:18:53,000 --> 00:18:55,240 Speaker 1: analogy of somebody giving somebody get where. I don't know 421 00:18:55,280 --> 00:18:57,679 Speaker 1: where I'm gonna attribute it to myself right now, But 422 00:18:57,760 --> 00:19:00,720 Speaker 1: if you had like this sweet own that could rise 423 00:19:00,720 --> 00:19:02,919 Speaker 1: above at all and give you this bigger picture. To me, 424 00:19:03,000 --> 00:19:05,119 Speaker 1: that's kind of margin. Right, you need that ability to 425 00:19:05,160 --> 00:19:06,640 Speaker 1: see kind of what's in front of you a little 426 00:19:06,640 --> 00:19:09,120 Speaker 1: bit further out, so you can make a decision about 427 00:19:09,119 --> 00:19:11,040 Speaker 1: whether you're gonna go left or right at that trail bend. 428 00:19:11,400 --> 00:19:14,840 Speaker 1: And that is our problem, right when we're so hyper busy, 429 00:19:14,880 --> 00:19:16,919 Speaker 1: we're so focused on the day to day, we're so 430 00:19:17,000 --> 00:19:19,280 Speaker 1: focused on the thing right in front of us, that 431 00:19:19,400 --> 00:19:22,760 Speaker 1: we have an inability to kind of be a little 432 00:19:22,760 --> 00:19:25,600 Speaker 1: introspective and to plan a little bit ahead for the future. 433 00:19:25,880 --> 00:19:28,320 Speaker 1: So I think business matt ultimately is kind of a 434 00:19:28,440 --> 00:19:32,440 Speaker 1: terrible but widely accepted excuse. If we don't have time 435 00:19:32,960 --> 00:19:34,879 Speaker 1: for the people that matter most to us, then something's 436 00:19:34,880 --> 00:19:36,840 Speaker 1: got to give. If we don't have the money to 437 00:19:36,840 --> 00:19:39,600 Speaker 1: meet our obligations every month and we decide instead to 438 00:19:39,640 --> 00:19:42,120 Speaker 1: use credit cards to help us through, well, we're taking 439 00:19:42,160 --> 00:19:45,800 Speaker 1: away our potential for future margin in our lives. And 440 00:19:45,840 --> 00:19:48,400 Speaker 1: this cycle has to stop. I've heard of people say 441 00:19:48,440 --> 00:19:50,720 Speaker 1: so many times that they just don't have the money 442 00:19:50,960 --> 00:19:53,359 Speaker 1: for something else, and it must be nice that somebody 443 00:19:53,359 --> 00:19:56,320 Speaker 1: else has the time or the ability or the money 444 00:19:56,560 --> 00:19:59,680 Speaker 1: to travel or to prioritize, you know, taking as sabbatical 445 00:19:59,720 --> 00:20:02,080 Speaker 1: from mo. All these kind of bigger things that seem 446 00:20:02,119 --> 00:20:05,399 Speaker 1: impossible for for most of us. But ultimately, what it 447 00:20:05,400 --> 00:20:07,600 Speaker 1: comes down to is a set of prioritizations, and we 448 00:20:07,600 --> 00:20:10,280 Speaker 1: can make excuses, and that's easy to do, right, It's 449 00:20:10,320 --> 00:20:12,159 Speaker 1: easy to say I can't have that, I can't do this, 450 00:20:12,440 --> 00:20:16,760 Speaker 1: I'm too busy whatever. That's again just another excuse, another 451 00:20:16,800 --> 00:20:20,280 Speaker 1: reason that blocks us from having margin. When we think 452 00:20:20,320 --> 00:20:22,920 Speaker 1: that way, we're not giving ourselves credit. We're not giving 453 00:20:22,920 --> 00:20:26,240 Speaker 1: ourselves the ability to use our own agency that we 454 00:20:26,280 --> 00:20:29,720 Speaker 1: actually do have in order to make decisions that will 455 00:20:29,800 --> 00:20:33,000 Speaker 1: change the narrative in the future. And I'm telling you, man, 456 00:20:33,040 --> 00:20:35,080 Speaker 1: we we have so many interesting people on our show. 457 00:20:35,440 --> 00:20:39,359 Speaker 1: Some people have lived these just incredible lives that seem 458 00:20:39,480 --> 00:20:42,280 Speaker 1: I think at the surface, like, how in the world 459 00:20:42,320 --> 00:20:44,119 Speaker 1: could I do that? How in the world could I 460 00:20:44,280 --> 00:20:46,439 Speaker 1: get to the point where I'm like this thirty one 461 00:20:46,520 --> 00:20:48,960 Speaker 1: year old retiree. And we don't bring those people on 462 00:20:49,000 --> 00:20:51,199 Speaker 1: the show in order to to shame you, to make 463 00:20:51,240 --> 00:20:54,080 Speaker 1: it you seem like you've made poor money decisions in 464 00:20:54,119 --> 00:20:55,840 Speaker 1: your life. I think ultimately, what we try to do, 465 00:20:55,880 --> 00:20:57,679 Speaker 1: Matt is we try to dig into the story and 466 00:20:57,720 --> 00:21:00,240 Speaker 1: we try to say, how did this person who is 467 00:21:00,440 --> 00:21:03,680 Speaker 1: ordinary who made an ordinary income, who ended up doing 468 00:21:03,680 --> 00:21:07,720 Speaker 1: something completely extraordinary. How did those lines connect? And that, 469 00:21:07,840 --> 00:21:10,040 Speaker 1: to me is why the interview shows are so important. 470 00:21:10,359 --> 00:21:13,320 Speaker 1: Is it's helping us see that somebody was able to 471 00:21:13,440 --> 00:21:16,399 Speaker 1: do something beyond what it looks like they should have 472 00:21:16,440 --> 00:21:19,080 Speaker 1: been able to accomplish. And for all those people that 473 00:21:19,119 --> 00:21:21,360 Speaker 1: we've brought on who have accomplished something great, it would 474 00:21:21,359 --> 00:21:25,879 Speaker 1: have been really easy, probably five thousand times throughout the 475 00:21:25,920 --> 00:21:28,679 Speaker 1: process of getting to where they and ultimately ended up 476 00:21:28,680 --> 00:21:32,480 Speaker 1: getting to throw an excuse in the bucket and to 477 00:21:32,520 --> 00:21:35,120 Speaker 1: tap out and to say, you know what, it's too much, 478 00:21:35,240 --> 00:21:37,680 Speaker 1: I can't do it. And I'm not saying it's always easy. 479 00:21:37,880 --> 00:21:40,800 Speaker 1: It's it's not always easy. Sometimes these decisions and pushing 480 00:21:40,800 --> 00:21:43,200 Speaker 1: through are really difficult. Yeah, I don't know. I feel 481 00:21:43,200 --> 00:21:45,040 Speaker 1: like I just want on a tangent with that. But 482 00:21:45,119 --> 00:21:47,680 Speaker 1: I love kind of those stories. I love the interviews 483 00:21:47,760 --> 00:21:50,760 Speaker 1: for that reason. And when I think about business, I 484 00:21:50,760 --> 00:21:53,959 Speaker 1: think of it as an excuse that prevents us from 485 00:21:54,000 --> 00:21:57,760 Speaker 1: being able to achieve what we ultimately do want to achieve. Yeah, man, no, 486 00:21:57,840 --> 00:21:59,480 Speaker 1: I'm with you. I think the different stories that we 487 00:21:59,520 --> 00:22:02,119 Speaker 1: hear from oaks who are succeeding in doing great, you know, 488 00:22:02,160 --> 00:22:03,920 Speaker 1: things with their money and great things with their time. 489 00:22:04,200 --> 00:22:07,120 Speaker 1: It should be encouraging for us because they have consistently 490 00:22:07,359 --> 00:22:10,000 Speaker 1: not used business as an excuse in the first step 491 00:22:10,040 --> 00:22:12,119 Speaker 1: to them getting to where they are is financial margin. 492 00:22:12,200 --> 00:22:14,000 Speaker 1: I also think it's important for us to recognize that 493 00:22:14,080 --> 00:22:17,600 Speaker 1: there might be individual circumstances where somebody might be in 494 00:22:18,240 --> 00:22:21,399 Speaker 1: more of a crisis situation that would also not allow 495 00:22:21,440 --> 00:22:24,639 Speaker 1: them to have margin. Right Like, sometimes people have paused 496 00:22:24,680 --> 00:22:26,840 Speaker 1: long enough to assess what it is that they're spending 497 00:22:26,880 --> 00:22:28,680 Speaker 1: their time and their money on. You know, we are 498 00:22:28,760 --> 00:22:31,959 Speaker 1: being thoughtful, but we have to keep paddling and kicking 499 00:22:32,160 --> 00:22:34,600 Speaker 1: in order to stay afloat. Sometimes there's just not that 500 00:22:34,680 --> 00:22:37,760 Speaker 1: luxury of being able to you know, stop and not 501 00:22:37,840 --> 00:22:39,920 Speaker 1: work for a while, or to you know, to stop 502 00:22:39,960 --> 00:22:42,320 Speaker 1: and just think. That's a tough spot to be in. 503 00:22:42,440 --> 00:22:44,679 Speaker 1: But I do want to acknowledge that there are situations 504 00:22:44,720 --> 00:22:47,640 Speaker 1: like that that do exist. So if you are living 505 00:22:47,640 --> 00:22:51,159 Speaker 1: paycheck to paycheck after major attempts at creating more margin 506 00:22:51,240 --> 00:22:53,280 Speaker 1: in your life, but you need outside help. Listen back 507 00:22:53,280 --> 00:22:55,560 Speaker 1: to episode seventy three. That's when we talked about you know, 508 00:22:55,680 --> 00:22:58,600 Speaker 1: escaping living paycheck to paycheck, and even look at your 509 00:22:58,800 --> 00:23:02,240 Speaker 1: local neighborhood or government and religious organizations for different types 510 00:23:02,240 --> 00:23:05,240 Speaker 1: of assistance that they might provide your local NFCC chapter. 511 00:23:05,240 --> 00:23:08,040 Speaker 1: It can also help with you know, budget counseling, helping 512 00:23:08,040 --> 00:23:10,680 Speaker 1: you to create a debt repayment plan. There are resources 513 00:23:10,760 --> 00:23:12,000 Speaker 1: that are out there that can kind of help you 514 00:23:12,040 --> 00:23:14,560 Speaker 1: along your way. But just know that you are not alone. Yeah. 515 00:23:14,600 --> 00:23:16,800 Speaker 1: I think that's so important to note, Matt, because there 516 00:23:16,840 --> 00:23:20,080 Speaker 1: are people who whether it's running away from an unhealthy 517 00:23:20,119 --> 00:23:23,200 Speaker 1: relationship and maybe you've got multiple kids and it was 518 00:23:23,240 --> 00:23:24,640 Speaker 1: the right move for you to make, but it puts 519 00:23:24,640 --> 00:23:26,520 Speaker 1: you in this position where you have to work multiple 520 00:23:26,560 --> 00:23:28,320 Speaker 1: jobs and you don't have any margin. You don't have 521 00:23:28,359 --> 00:23:29,800 Speaker 1: the margin you want to be able to spend that 522 00:23:29,840 --> 00:23:31,520 Speaker 1: time with the kids that you long for. You're in 523 00:23:31,520 --> 00:23:35,080 Speaker 1: this just unfortunate position where you're just making ends meet. Yeah, 524 00:23:35,200 --> 00:23:36,960 Speaker 1: Or I mean even if you're just a single individual, 525 00:23:37,080 --> 00:23:39,240 Speaker 1: right and maybe like you have what looks to be 526 00:23:39,440 --> 00:23:42,600 Speaker 1: a solid job and you're, you know, a new graduate, 527 00:23:42,640 --> 00:23:44,520 Speaker 1: but guess what, You've got tons of debt and you're 528 00:23:44,600 --> 00:23:45,960 Speaker 1: you know, up to your eyeballs in it, and you 529 00:23:45,960 --> 00:23:47,920 Speaker 1: just don't know what to do. Yeah, and you're living 530 00:23:47,960 --> 00:23:50,080 Speaker 1: alone maybe right now, and you ran, you haven't figured 531 00:23:50,119 --> 00:23:52,199 Speaker 1: out the roommate thing, you haven't met someone that you 532 00:23:52,200 --> 00:23:56,240 Speaker 1: feel comfortable living with. They're all sorts of difficult situations 533 00:23:56,600 --> 00:23:58,439 Speaker 1: that people might be in, and it is important to 534 00:23:58,480 --> 00:24:00,639 Speaker 1: note that there's help out there for people that are 535 00:24:00,640 --> 00:24:03,240 Speaker 1: in different situations. And and you know what, there's not 536 00:24:03,280 --> 00:24:06,000 Speaker 1: a one size fits all go to this website, go 537 00:24:06,160 --> 00:24:08,520 Speaker 1: turn to this program for help, but for people in 538 00:24:08,560 --> 00:24:11,919 Speaker 1: all sorts of different scenarios that have different needs. We 539 00:24:11,960 --> 00:24:13,720 Speaker 1: live in a country where there are a lot of 540 00:24:13,760 --> 00:24:16,200 Speaker 1: resources and a lot of free resources for people in need. 541 00:24:16,440 --> 00:24:19,399 Speaker 1: And so yeah, NFCC in particular NFCC dot org for 542 00:24:19,440 --> 00:24:22,400 Speaker 1: people who do need that budget counseling or debt repayment help. 543 00:24:22,680 --> 00:24:24,520 Speaker 1: That's one of our favorite places to help people turn. 544 00:24:24,760 --> 00:24:28,200 Speaker 1: I truly believe that our country is really a fantastic 545 00:24:28,200 --> 00:24:31,440 Speaker 1: place to live in large part because of local community 546 00:24:31,480 --> 00:24:35,760 Speaker 1: and neighborhood organizations that are always reaching out to help 547 00:24:35,840 --> 00:24:38,960 Speaker 1: a neighbor in need. And man that is truly matt 548 00:24:39,440 --> 00:24:42,959 Speaker 1: something that that sets our country apart the philanthropic efforts 549 00:24:42,960 --> 00:24:46,200 Speaker 1: of just individual everyday Americans. The way that we give 550 00:24:46,320 --> 00:24:49,600 Speaker 1: and help people around us, it's super impressive. And so yeah, 551 00:24:49,600 --> 00:24:51,800 Speaker 1: I would just say, if you find yourself butting up 552 00:24:51,840 --> 00:24:54,320 Speaker 1: against these limits, these upper limits of having zero margin 553 00:24:54,400 --> 00:24:56,960 Speaker 1: and needing help, just don't be above asking for help, 554 00:24:57,000 --> 00:24:59,240 Speaker 1: because that's really important thing to do when you're in 555 00:24:59,240 --> 00:25:02,120 Speaker 1: that situation. Yeah, and so here's another question I think 556 00:25:02,119 --> 00:25:05,520 Speaker 1: we can ask ourselves, which is are we afraid, like, 557 00:25:05,520 --> 00:25:07,760 Speaker 1: are we actually afraid of of margin in our lives? 558 00:25:07,760 --> 00:25:10,359 Speaker 1: Because it really feels like we are. I think margin 559 00:25:10,560 --> 00:25:13,120 Speaker 1: feels like waste to lots of different people out there, 560 00:25:13,160 --> 00:25:15,679 Speaker 1: like either wasted time or wasted money. We live in 561 00:25:15,680 --> 00:25:18,879 Speaker 1: a hyperactive and over committed culture where every second and 562 00:25:18,920 --> 00:25:21,280 Speaker 1: every dollar is double booked. We're we're you know, we're 563 00:25:21,320 --> 00:25:24,200 Speaker 1: scheduled to the hilt. We do try and multitask ourselves, 564 00:25:24,280 --> 00:25:27,120 Speaker 1: and you know that often leads to poor results all around. 565 00:25:27,560 --> 00:25:29,320 Speaker 1: But I think what we've found is that we can't 566 00:25:29,359 --> 00:25:31,359 Speaker 1: multitask our money. You can't say that this money, you 567 00:25:31,400 --> 00:25:33,719 Speaker 1: know that this dollar is going to go towards my future, 568 00:25:34,000 --> 00:25:35,760 Speaker 1: but it's also going to go towards you know, me 569 00:25:35,840 --> 00:25:38,920 Speaker 1: spending it right now. It's just not possible. Optimization is 570 00:25:39,040 --> 00:25:40,800 Speaker 1: fine in a lot of aspects of life. I think 571 00:25:40,840 --> 00:25:43,000 Speaker 1: it's something that we we rightly strive for in a 572 00:25:43,000 --> 00:25:46,400 Speaker 1: lot of areas of our life. But we're over optimizers, 573 00:25:46,400 --> 00:25:50,000 Speaker 1: were too intent on optimization because a lot of our 574 00:25:50,040 --> 00:25:52,320 Speaker 1: lives are are supposed to be removed from the hustle 575 00:25:52,359 --> 00:25:55,280 Speaker 1: and bust well spent in ways that are meaningful apart 576 00:25:55,320 --> 00:25:58,440 Speaker 1: from work. And so I think that optimization mindset can 577 00:25:58,480 --> 00:26:01,040 Speaker 1: be can get kicked over drive and can be really, 578 00:26:01,040 --> 00:26:04,800 Speaker 1: really unhealthy for us. I think margin is stillness. It's 579 00:26:04,800 --> 00:26:07,520 Speaker 1: embracing some quiet in our lives. And when it comes 580 00:26:07,520 --> 00:26:11,000 Speaker 1: to our personal finances, margin looks like cash that's parked 581 00:26:11,040 --> 00:26:13,920 Speaker 1: in a high interest savings account. Don't spend it, don't 582 00:26:13,920 --> 00:26:15,800 Speaker 1: invest it, just let it be. Let it be there 583 00:26:16,280 --> 00:26:19,440 Speaker 1: as a buffer for you to provide you with some 584 00:26:19,600 --> 00:26:22,000 Speaker 1: security and some peace of mind. So on that notemat. 585 00:26:22,119 --> 00:26:24,760 Speaker 1: We've got some tips, some specific ways for folks to 586 00:26:24,800 --> 00:26:27,360 Speaker 1: help create more margin in their lives, and we'll get 587 00:26:27,400 --> 00:26:38,639 Speaker 1: to those right after the break. All right, man, we 588 00:26:38,680 --> 00:26:40,520 Speaker 1: are back to the break, and we're talking about margin 589 00:26:40,560 --> 00:26:43,040 Speaker 1: in our lives, and specifically we're gonna talk about how 590 00:26:43,119 --> 00:26:45,280 Speaker 1: to create more margins. You know, some people when they 591 00:26:45,320 --> 00:26:47,680 Speaker 1: hear the word margin, they hear the word margarine and 592 00:26:47,880 --> 00:26:50,239 Speaker 1: margin kind of like butter. The margin is very different, though, 593 00:26:50,280 --> 00:26:52,000 Speaker 1: are you saying that? Because when I say margin, it 594 00:26:52,000 --> 00:26:54,879 Speaker 1: sounds like marginin no, no, no, no, but I swear 595 00:26:55,080 --> 00:26:57,520 Speaker 1: to create butter. Sometimes I feel like I've I've said 596 00:26:57,520 --> 00:26:59,359 Speaker 1: the word margin and people are like, you mean like 597 00:26:59,440 --> 00:27:01,119 Speaker 1: the butter sub institude, And I'm like, no, no, no, 598 00:27:01,119 --> 00:27:05,199 Speaker 1: no no, it's I can't believe you look like Fabio 599 00:27:05,240 --> 00:27:07,280 Speaker 1: when you say that. It's taking me back to the 600 00:27:07,320 --> 00:27:10,160 Speaker 1: nineties right there. You know, he was on a roller 601 00:27:10,160 --> 00:27:12,520 Speaker 1: coaster and a bird hit him in the face. Really, yeah, 602 00:27:12,560 --> 00:27:15,920 Speaker 1: that's like the old Fabio story got to get like, yeah, 603 00:27:15,920 --> 00:27:17,840 Speaker 1: you had to get surgery for his nose and stuff 604 00:27:17,880 --> 00:27:20,160 Speaker 1: like that. I don't think I remember that. You feel 605 00:27:20,160 --> 00:27:22,639 Speaker 1: like I should know that. That's funny, all these nineties 606 00:27:22,680 --> 00:27:26,200 Speaker 1: thoughts are coming back. But yeah, let's talk about creating margin. 607 00:27:26,320 --> 00:27:28,399 Speaker 1: We mentioned this earlier, but we have to be proactive 608 00:27:28,440 --> 00:27:32,240 Speaker 1: and create the framework to foster the growth of margarine. 609 00:27:32,680 --> 00:27:35,920 Speaker 1: Just kidding. Margin in our lives, right, If we don't 610 00:27:35,920 --> 00:27:39,000 Speaker 1: self imposed margin into our routines or into our schedules, 611 00:27:39,000 --> 00:27:41,720 Speaker 1: other things will seep in and those things will fill 612 00:27:41,800 --> 00:27:44,840 Speaker 1: any void that we leave exposed. So to get started, 613 00:27:44,880 --> 00:27:46,480 Speaker 1: one of the first things that we'd recommend is to 614 00:27:46,880 --> 00:27:49,199 Speaker 1: think about an ideal budget. When it comes to our 615 00:27:49,200 --> 00:27:50,760 Speaker 1: money and when it comes to our time, think about 616 00:27:50,760 --> 00:27:53,920 Speaker 1: in an ideal week and then actually write those things down. 617 00:27:54,200 --> 00:27:56,800 Speaker 1: We all have money constraints and we have time constraints 618 00:27:56,840 --> 00:27:58,320 Speaker 1: as well. But the thing is with time is we 619 00:27:58,359 --> 00:28:01,000 Speaker 1: all have the same amount of time. But I think 620 00:28:01,040 --> 00:28:03,600 Speaker 1: looking at the ideal that can help us to decide 621 00:28:03,720 --> 00:28:05,800 Speaker 1: where to put our focus this year, especially if you 622 00:28:05,800 --> 00:28:07,720 Speaker 1: have no clue as far as you know what step 623 00:28:07,760 --> 00:28:10,320 Speaker 1: to take first. Yea, some of us are ideal is 624 00:28:10,320 --> 00:28:13,560 Speaker 1: going to look, you know, not terribly far off from 625 00:28:13,560 --> 00:28:15,760 Speaker 1: where we currently are, and others of us, it's gonna 626 00:28:15,760 --> 00:28:18,960 Speaker 1: look drastically different, and it's gonna look like we're working 627 00:28:19,000 --> 00:28:21,520 Speaker 1: too much. It's gonna look like our lifestyle is just 628 00:28:21,560 --> 00:28:25,040 Speaker 1: too unhealthy and so but having that ideal in writing Matt, Yeah, 629 00:28:25,040 --> 00:28:27,240 Speaker 1: at least gives us kind of this goal that we're 630 00:28:27,240 --> 00:28:30,200 Speaker 1: aiming for and helps us kind of see exactly where 631 00:28:30,200 --> 00:28:32,560 Speaker 1: we are. At the same time, another way to create 632 00:28:32,560 --> 00:28:35,639 Speaker 1: more margin is to pick your priorities. It's easy for 633 00:28:35,760 --> 00:28:37,520 Speaker 1: us to say that we don't have time for something. 634 00:28:37,840 --> 00:28:40,520 Speaker 1: But again Laura Vanderkamp comes up. We love her and 635 00:28:40,520 --> 00:28:44,040 Speaker 1: what she says about time prioritization, Well, Laura says is 636 00:28:44,120 --> 00:28:48,000 Speaker 1: that saying that we don't have time for something really 637 00:28:48,040 --> 00:28:50,360 Speaker 1: just means that we're saying it isn't a priority for us. 638 00:28:50,680 --> 00:28:52,800 Speaker 1: We have time for the things that we truly value. 639 00:28:53,080 --> 00:28:54,920 Speaker 1: So now is a great time to start picking your 640 00:28:54,920 --> 00:28:58,120 Speaker 1: main priorities and giving them plenty of room on your 641 00:28:58,160 --> 00:29:01,280 Speaker 1: calendar and in your budget. Everything can't be a priority. 642 00:29:01,360 --> 00:29:04,080 Speaker 1: Of course, it might be difficult to pick just three 643 00:29:04,160 --> 00:29:07,760 Speaker 1: to five priorities for your time that day, or only 644 00:29:07,760 --> 00:29:10,600 Speaker 1: a couple of areas to expand your budget. But if 645 00:29:10,640 --> 00:29:13,600 Speaker 1: everything is a priority, you'll find that nothing truly is 646 00:29:13,720 --> 00:29:16,640 Speaker 1: in your life. It's necessary to work down and whittle 647 00:29:16,680 --> 00:29:19,080 Speaker 1: your priority list and make the hard cuts that are 648 00:29:19,080 --> 00:29:21,920 Speaker 1: necessary on both fronts. Matt, A long time ago, we 649 00:29:21,960 --> 00:29:25,200 Speaker 1: did this episode called the Why behind Money, and I 650 00:29:25,200 --> 00:29:29,920 Speaker 1: specifically noted three things that my family is really prioritizes 651 00:29:30,000 --> 00:29:33,120 Speaker 1: are spending just three kind of random areas that we 652 00:29:33,680 --> 00:29:36,400 Speaker 1: put highly on our list. And you know, two of 653 00:29:36,440 --> 00:29:38,400 Speaker 1: those are still the same, and one of those is 654 00:29:38,440 --> 00:29:40,840 Speaker 1: kind of changed. We don't really prioritize international travel like 655 00:29:40,880 --> 00:29:42,840 Speaker 1: we did. We've got three kids now, it's just not possible. 656 00:29:43,080 --> 00:29:44,480 Speaker 1: It just doesn't make sense for us and the way 657 00:29:44,480 --> 00:29:47,320 Speaker 1: we're currently living life. But it's just kind of interesting 658 00:29:47,320 --> 00:29:50,640 Speaker 1: how that has really informed the way we spend and 659 00:29:50,720 --> 00:29:54,200 Speaker 1: it's informed the way we enjoy those things too. So, yeah, 660 00:29:54,200 --> 00:29:56,520 Speaker 1: if you pick your priorities and kind of stick to those, 661 00:29:56,560 --> 00:29:59,160 Speaker 1: funnel your time and your budget accordingly, it makes a 662 00:29:59,160 --> 00:30:01,840 Speaker 1: big difference. Yeah, being proactive like that can kind of 663 00:30:01,880 --> 00:30:03,880 Speaker 1: give you some of that direction even when you are 664 00:30:04,240 --> 00:30:06,600 Speaker 1: what feels like crazy busy and you can't give it 665 00:30:06,640 --> 00:30:08,880 Speaker 1: the thought in the moment, But when you know you 666 00:30:08,960 --> 00:30:11,040 Speaker 1: kind of have this overarching mission or these goals that 667 00:30:11,080 --> 00:30:13,360 Speaker 1: you're trying to achieve, that can totally point you in 668 00:30:13,400 --> 00:30:15,760 Speaker 1: the right direction. Another thing that we would suggest is 669 00:30:15,800 --> 00:30:18,480 Speaker 1: to set actual boundaries, right Like, once you've identified your 670 00:30:18,480 --> 00:30:21,800 Speaker 1: different priorities, create some boundaries around those things. So maybe 671 00:30:21,840 --> 00:30:24,720 Speaker 1: you want financial margin, but you have trouble spending too 672 00:30:24,840 --> 00:30:28,480 Speaker 1: much on Amazon right while you're readombly shopping before you 673 00:30:28,520 --> 00:30:30,640 Speaker 1: fall asleep in bed, we'll put your phone in another 674 00:30:30,720 --> 00:30:33,040 Speaker 1: room before going to bed, Or maybe you have trouble 675 00:30:33,080 --> 00:30:35,560 Speaker 1: sticking to, you know, your grocery budget for that month, 676 00:30:35,640 --> 00:30:37,479 Speaker 1: or even sticking to a shopping list if you go 677 00:30:37,560 --> 00:30:39,640 Speaker 1: into the grocery store, Well, in that case, you can 678 00:30:39,680 --> 00:30:42,760 Speaker 1: try a grocery pickup service so that you can actually 679 00:30:43,000 --> 00:30:45,000 Speaker 1: stick to the list. You know, if you can create 680 00:30:45,000 --> 00:30:47,520 Speaker 1: specific actions that will lead to whatever it is that 681 00:30:47,560 --> 00:30:49,640 Speaker 1: you're trying to accomplish. I don't think of those things 682 00:30:49,640 --> 00:30:52,240 Speaker 1: as restricting or you know, maybe as a total kill joy, 683 00:30:52,280 --> 00:30:54,040 Speaker 1: but realize that these are the different things that you 684 00:30:54,080 --> 00:30:57,160 Speaker 1: want accomplished. This is you trying to whip yourself in shape. 685 00:30:57,320 --> 00:31:00,560 Speaker 1: So if there are different strategies or apps or services 686 00:31:00,560 --> 00:31:02,880 Speaker 1: that you can utilize to help you achieve those things, well, 687 00:31:02,920 --> 00:31:05,320 Speaker 1: by all means, use those. Yeah, man. I feel like 688 00:31:05,520 --> 00:31:07,760 Speaker 1: I mentioned, I don't know, like a few months ago, 689 00:31:08,080 --> 00:31:11,760 Speaker 1: that that we're doing the Kroger the grocery pickup, and 690 00:31:11,800 --> 00:31:14,320 Speaker 1: it doesn't cost anymore. The groceries don't cost anymore, and 691 00:31:14,360 --> 00:31:16,680 Speaker 1: the pickup at least for the most part, is free. 692 00:31:16,680 --> 00:31:18,760 Speaker 1: I think I think it used to cost five bucks 693 00:31:18,800 --> 00:31:20,960 Speaker 1: at least for right now pick up is completely free, 694 00:31:20,960 --> 00:31:23,040 Speaker 1: so it doesn't add even a dime to our grocery bill. 695 00:31:23,360 --> 00:31:25,800 Speaker 1: It saves us time, but more than anything, it does 696 00:31:25,880 --> 00:31:28,640 Speaker 1: save us from buying random things, and so it helps 697 00:31:28,720 --> 00:31:31,000 Speaker 1: us really stick to that list. So it's been it's 698 00:31:31,000 --> 00:31:32,719 Speaker 1: been great for us. And I think we heard feedback 699 00:31:32,760 --> 00:31:34,880 Speaker 1: that Walmart a lot of folks do some something similar 700 00:31:34,880 --> 00:31:37,320 Speaker 1: to Walmart. So yeah, there are tons of options out 701 00:31:37,320 --> 00:31:40,239 Speaker 1: there for you to to set boundaries. Whether it's your 702 00:31:40,240 --> 00:31:43,240 Speaker 1: grocery bill, whether it's your your shopping habits. There are 703 00:31:43,320 --> 00:31:45,120 Speaker 1: boundaries that you need to put in place. They can 704 00:31:45,120 --> 00:31:47,520 Speaker 1: really just help you not go overboard so that you 705 00:31:47,560 --> 00:31:50,760 Speaker 1: can have more margin in your life. And another way 706 00:31:50,760 --> 00:31:52,920 Speaker 1: to create more margin in your life is to stop 707 00:31:52,960 --> 00:31:56,400 Speaker 1: over committing. Filling your day or your budget with too 708 00:31:56,400 --> 00:31:58,960 Speaker 1: many things means margin is gonna be hard to come by. 709 00:31:59,240 --> 00:32:02,480 Speaker 1: By learning how to know more often and Matt, I'll 710 00:32:02,520 --> 00:32:04,360 Speaker 1: readily admit it, this is one I need to do 711 00:32:04,440 --> 00:32:07,080 Speaker 1: better at. It will help you fence those areas of 712 00:32:07,080 --> 00:32:09,760 Speaker 1: your life that are meaningful. It's easy to say yes 713 00:32:09,800 --> 00:32:11,360 Speaker 1: to people write it. I don't know, at least for me. 714 00:32:11,440 --> 00:32:14,600 Speaker 1: I'm kind of a people pleaser. When someone asks me 715 00:32:14,680 --> 00:32:16,680 Speaker 1: for something, I usually I just want to help. I 716 00:32:16,680 --> 00:32:18,720 Speaker 1: want to oblige but I have to practice saying no 717 00:32:18,840 --> 00:32:21,200 Speaker 1: because it ultimately that helps me to be able to 718 00:32:21,240 --> 00:32:23,880 Speaker 1: prioritize my time better and do the things that really 719 00:32:23,960 --> 00:32:25,920 Speaker 1: mean the most to me. I would say for folks 720 00:32:25,960 --> 00:32:28,040 Speaker 1: when it comes to their money, practice saying no to 721 00:32:28,120 --> 00:32:31,480 Speaker 1: spending more frequently and practicing no to the things that 722 00:32:31,560 --> 00:32:35,720 Speaker 1: don't align with your time priorities. It becomes empowering and 723 00:32:35,800 --> 00:32:38,920 Speaker 1: you begin to see the fruit of saying no is 724 00:32:39,000 --> 00:32:41,360 Speaker 1: that you do have more time and more money than 725 00:32:41,440 --> 00:32:43,320 Speaker 1: to spend on those things that you did say that 726 00:32:43,360 --> 00:32:46,719 Speaker 1: you prioritized. You weren't just committing willy nilly to everything 727 00:32:46,760 --> 00:32:49,440 Speaker 1: that was put in front of you. You curated those things, 728 00:32:49,560 --> 00:32:52,560 Speaker 1: and you made time for the things that you said 729 00:32:52,760 --> 00:32:54,680 Speaker 1: were most important to you. So yeah, I don't know. 730 00:32:54,880 --> 00:32:57,520 Speaker 1: That's another goal of mine inies to get better at that, 731 00:32:57,840 --> 00:32:59,080 Speaker 1: you know. On the service, I feel like you and 732 00:32:59,080 --> 00:33:01,400 Speaker 1: I are real similar in a lot of ways. But 733 00:33:01,480 --> 00:33:03,000 Speaker 1: what's interesting here is that this is one way that 734 00:33:03,040 --> 00:33:06,080 Speaker 1: you and I think are total opposites. Personality wise. We're 735 00:33:06,360 --> 00:33:08,479 Speaker 1: very very different people. I think. I don't know if 736 00:33:08,520 --> 00:33:11,640 Speaker 1: like our listeners know that paper were very similar. But 737 00:33:11,680 --> 00:33:13,520 Speaker 1: when it comes to how you and I operate, and 738 00:33:13,560 --> 00:33:15,760 Speaker 1: so for me, it's really easy for me to say 739 00:33:15,760 --> 00:33:19,800 Speaker 1: no to individuals or like events or just different things 740 00:33:19,840 --> 00:33:21,920 Speaker 1: that might make their way onto my calendar. I'm just like, no, 741 00:33:21,920 --> 00:33:23,040 Speaker 1: I don't want to go to that, Like I don't 742 00:33:23,040 --> 00:33:24,200 Speaker 1: want to do that. I don't want to do that. 743 00:33:24,440 --> 00:33:27,640 Speaker 1: Maybe because I'm just selfish, right but but dude, something 744 00:33:27,640 --> 00:33:30,240 Speaker 1: I've realized, I think maybe more recently, is that it 745 00:33:30,320 --> 00:33:33,640 Speaker 1: is harder for me to say no to expenses. It's 746 00:33:33,680 --> 00:33:35,800 Speaker 1: harder to say no to different things I want to 747 00:33:35,800 --> 00:33:38,480 Speaker 1: buy or that our family wants to purchase. In the past, 748 00:33:38,520 --> 00:33:40,120 Speaker 1: I would have said that, like, no, I'm pretty much 749 00:33:40,120 --> 00:33:42,320 Speaker 1: a savor you know. I don't spend a ton, but 750 00:33:42,560 --> 00:33:45,160 Speaker 1: there are ways in which we do spend money that 751 00:33:45,360 --> 00:33:47,280 Speaker 1: I'm not going out and racking up credit card debt. 752 00:33:47,440 --> 00:33:48,960 Speaker 1: And I don't have a car payment right with with 753 00:33:49,000 --> 00:33:50,720 Speaker 1: two cars in the driveway that I don't really need. 754 00:33:50,920 --> 00:33:53,520 Speaker 1: But I am seeing that in other ways where I 755 00:33:53,520 --> 00:33:55,880 Speaker 1: can kind of maybe challenge myself to say no to 756 00:33:56,080 --> 00:33:58,080 Speaker 1: some of the different expenses that come up in my life. 757 00:33:58,200 --> 00:34:00,360 Speaker 1: When I kind of feel that, I just serve that 758 00:34:00,680 --> 00:34:03,120 Speaker 1: I convinced myself that I'm not treating myself to it, 759 00:34:03,360 --> 00:34:05,680 Speaker 1: but then I've earned it because you know, I work 760 00:34:05,760 --> 00:34:08,879 Speaker 1: hard and therefore I deserve this. And I think that's 761 00:34:08,920 --> 00:34:11,640 Speaker 1: the problem. Right, So many people fall into that trap, 762 00:34:11,960 --> 00:34:13,560 Speaker 1: and it's almost kind of odd for me to admit this, 763 00:34:13,600 --> 00:34:15,360 Speaker 1: But I think I've sort of realized that about myself 764 00:34:15,360 --> 00:34:17,560 Speaker 1: maybe over the past six months or so, that you know, 765 00:34:17,640 --> 00:34:19,359 Speaker 1: this is something I need to maybe have my eyes 766 00:34:19,440 --> 00:34:21,839 Speaker 1: open to a little bit more. Is that I am 767 00:34:21,880 --> 00:34:24,360 Speaker 1: more prone to this than I actually realized. Yeah, I 768 00:34:24,360 --> 00:34:26,480 Speaker 1: think it's astute to to realize that about yourself. And 769 00:34:26,480 --> 00:34:29,040 Speaker 1: I think we all have that tendency at least to 770 00:34:29,040 --> 00:34:32,440 Speaker 1: to reward ourselves based on good behavior or whatever to 771 00:34:32,600 --> 00:34:35,600 Speaker 1: justify a purchase. And and ultimately what we're doing is 772 00:34:35,640 --> 00:34:40,120 Speaker 1: we're harming our our ability to actually achieve the goals 773 00:34:40,160 --> 00:34:42,080 Speaker 1: that we the bigger goals that we have in mind, 774 00:34:42,360 --> 00:34:44,840 Speaker 1: and we're harming our ability to create that margin in 775 00:34:44,840 --> 00:34:48,600 Speaker 1: our lives that's so important by saying yes to a purchase, 776 00:34:48,719 --> 00:34:52,239 Speaker 1: by saying yes and committing time to people or events 777 00:34:52,280 --> 00:34:54,600 Speaker 1: that shouldn't be a priority in our lives. And so yeah, 778 00:34:54,640 --> 00:34:57,400 Speaker 1: I think for me, stop over committing is definitely one 779 00:34:57,400 --> 00:34:59,920 Speaker 1: of those takeaways that I want to put more in 780 00:35:00,040 --> 00:35:02,920 Speaker 1: to my life because I think it's gonna help me 781 00:35:02,960 --> 00:35:06,200 Speaker 1: have a better with my family and with my friends, 782 00:35:06,200 --> 00:35:08,480 Speaker 1: and then ultimately too with my budget. Yeah, you stop 783 00:35:08,480 --> 00:35:11,839 Speaker 1: over committing and I'll stop overspending. All right. Well, it's 784 00:35:11,840 --> 00:35:14,200 Speaker 1: funny too that you mentioned goals, because I think a 785 00:35:14,200 --> 00:35:16,160 Speaker 1: lot of times folks might hear what we're talking about 786 00:35:16,160 --> 00:35:18,319 Speaker 1: and they think it just sounds like simple goal setting, Right. 787 00:35:18,680 --> 00:35:21,239 Speaker 1: I think goal setting can be good, especially for right now, 788 00:35:21,280 --> 00:35:23,600 Speaker 1: because it can be clear and identifiable. Right, Like we 789 00:35:23,600 --> 00:35:26,359 Speaker 1: talked about the emergency fund two four six seven, Like, 790 00:35:26,440 --> 00:35:28,640 Speaker 1: that's the amount that you need to to focus on, 791 00:35:28,880 --> 00:35:31,880 Speaker 1: and by achieving that, there are numerous benefits to having 792 00:35:31,920 --> 00:35:34,879 Speaker 1: that much set aside in your savings account. But over time, 793 00:35:35,160 --> 00:35:38,359 Speaker 1: transformational change like that is what we're actually looking for. 794 00:35:38,600 --> 00:35:41,000 Speaker 1: Right As you knock out some of these simple and 795 00:35:41,040 --> 00:35:44,480 Speaker 1: easier goals, right, these different goals that are easy to identify, 796 00:35:44,640 --> 00:35:47,160 Speaker 1: then you can be more thoughtful and intentional with your 797 00:35:47,200 --> 00:35:49,920 Speaker 1: time and with your money because you then have the space. 798 00:35:50,320 --> 00:35:53,080 Speaker 1: It's hard to make intentional decisions with our time and 799 00:35:53,120 --> 00:35:56,440 Speaker 1: with our money without margin. Without margin, we're not thinking 800 00:35:56,440 --> 00:35:59,800 Speaker 1: we're only executing or a lot of times we're reacting. 801 00:35:59,840 --> 00:36:01,840 Speaker 1: It often feel like the state of consumer debt and 802 00:36:01,880 --> 00:36:05,080 Speaker 1: over consumption that so many folks find themselves in. But 803 00:36:05,120 --> 00:36:08,000 Speaker 1: with margin, you know, we do have that agency, and 804 00:36:08,040 --> 00:36:10,200 Speaker 1: we have that ability to be proactive and to be 805 00:36:10,200 --> 00:36:11,879 Speaker 1: able to take control of our lives, not just our 806 00:36:11,880 --> 00:36:14,640 Speaker 1: financial lives, but just how we spend our time as well. Yeah, 807 00:36:14,680 --> 00:36:16,759 Speaker 1: so we gave that analogy kind of earlier on in 808 00:36:16,760 --> 00:36:19,680 Speaker 1: the show about the shoulder and how margin is kind 809 00:36:19,719 --> 00:36:21,759 Speaker 1: of that shoulder on the highway kind of giving you 810 00:36:22,200 --> 00:36:24,719 Speaker 1: that ability to veer off the road just a little 811 00:36:24,719 --> 00:36:27,120 Speaker 1: bit and then you kind of get back on track. Well, 812 00:36:27,239 --> 00:36:30,239 Speaker 1: let's give another highway analogy here, Matt. Ultimately, it's tough 813 00:36:30,280 --> 00:36:33,640 Speaker 1: to keep revving your engine at highway speeds every moment 814 00:36:33,680 --> 00:36:36,120 Speaker 1: of the day and night, but it's necessary for so 815 00:36:36,160 --> 00:36:38,080 Speaker 1: many of us due to a lack of margin. Like 816 00:36:38,120 --> 00:36:41,080 Speaker 1: we can't stop pushing the gas because we don't have 817 00:36:41,120 --> 00:36:43,560 Speaker 1: any alternative, because we don't have any margin built into 818 00:36:43,560 --> 00:36:46,600 Speaker 1: our lives. I think that's why, you know, we felt 819 00:36:46,640 --> 00:36:49,840 Speaker 1: compelled to talk about this. Let's make gaining more financial 820 00:36:49,880 --> 00:36:52,560 Speaker 1: in life margin an overarching goal for all of us 821 00:36:52,560 --> 00:36:55,400 Speaker 1: in and we'll do our best here at how the 822 00:36:55,480 --> 00:36:57,600 Speaker 1: money to give you thoughtful ways to help you achieve 823 00:36:57,680 --> 00:37:00,759 Speaker 1: that goal this year. It's something we're shooting for four 824 00:37:00,920 --> 00:37:03,319 Speaker 1: more for ourselves in our own lives, and it's something 825 00:37:03,360 --> 00:37:05,560 Speaker 1: that we desire for all of you out there, like 826 00:37:05,600 --> 00:37:08,640 Speaker 1: we want you to be able to have more financial 827 00:37:08,719 --> 00:37:11,760 Speaker 1: and time margin so that you can spend your life 828 00:37:11,760 --> 00:37:15,560 Speaker 1: in a way that resonates more with your actual values 829 00:37:15,719 --> 00:37:18,840 Speaker 1: and your actual goals that you're that you're hoping to achieve. 830 00:37:18,920 --> 00:37:19,960 Speaker 1: We're going back to her, now, do you what are 831 00:37:19,960 --> 00:37:21,719 Speaker 1: you talking about reving your engine? Because you got that 832 00:37:21,760 --> 00:37:24,920 Speaker 1: electric car? You mean, like that electric buzz I don't know, 833 00:37:24,920 --> 00:37:27,759 Speaker 1: how do you describe the yeah, yeah, exactly, it's like 834 00:37:27,800 --> 00:37:30,640 Speaker 1: the word yeah. I know. Electric vehicle makers are working 835 00:37:30,719 --> 00:37:33,759 Speaker 1: on fake engine sounds for electric cars, and I can 836 00:37:33,800 --> 00:37:36,160 Speaker 1: see that being a necessary thing because there's so many 837 00:37:36,239 --> 00:37:38,359 Speaker 1: terrible stories about folks are getting hit man, yeah, getting 838 00:37:38,400 --> 00:37:39,960 Speaker 1: hit by electric cars because they don't know what they're 839 00:37:39,960 --> 00:37:43,080 Speaker 1: coming because they are so dang silent. By the way, 840 00:37:43,080 --> 00:37:45,160 Speaker 1: on that note, it always makes me think I've joked 841 00:37:45,160 --> 00:37:48,120 Speaker 1: with Emily about this. What about these like old schools 842 00:37:48,120 --> 00:37:50,839 Speaker 1: song lyrics to talk about reving the engine, running out 843 00:37:50,840 --> 00:37:52,239 Speaker 1: of gas, all that kind of stuff, like, are they 844 00:37:52,239 --> 00:37:54,120 Speaker 1: going to be completely iniquated in a few years when 845 00:37:54,160 --> 00:37:56,719 Speaker 1: we're all driving electric vehicles? Maybe you know what song 846 00:37:56,760 --> 00:38:00,239 Speaker 1: won't be iniquated is Tracy Chapman's I've Got a Fast Car. Yeah, 847 00:38:00,440 --> 00:38:02,560 Speaker 1: because I don't think they talk about running out of gas. 848 00:38:02,719 --> 00:38:05,560 Speaker 1: It's just about having a fast carl. Totally fits a 849 00:38:05,560 --> 00:38:09,120 Speaker 1: bit on that it doesn't matter if it's electric or 850 00:38:09,120 --> 00:38:11,680 Speaker 1: gasoline powered. Yeah, yeah, all right, Matt, Let's get back 851 00:38:11,680 --> 00:38:13,640 Speaker 1: to the beer that we had on the show today. 852 00:38:13,719 --> 00:38:16,960 Speaker 1: We drank a beer called Visible World by Modern Time 853 00:38:17,000 --> 00:38:19,560 Speaker 1: Screwing Company. What were your thoughts on this beer? Man? Well, first, man, 854 00:38:19,600 --> 00:38:21,279 Speaker 1: I wanted to say, what do you think about this can? 855 00:38:21,400 --> 00:38:23,759 Speaker 1: Because I think so often times the label and I 856 00:38:23,800 --> 00:38:27,200 Speaker 1: can can influence how you perceive the beer. And it's 857 00:38:27,239 --> 00:38:30,160 Speaker 1: totally got this seventies tippy trippy thing kind of going 858 00:38:30,200 --> 00:38:32,560 Speaker 1: on with the colors, the waves kind of back and forth. 859 00:38:32,600 --> 00:38:34,000 Speaker 1: It's s hary to describe, but we'll definitely put a 860 00:38:34,000 --> 00:38:35,640 Speaker 1: picture up on our website. Yeah, No, I mean, I 861 00:38:35,719 --> 00:38:37,640 Speaker 1: love the Modern Times labels, by the way, and this 862 00:38:37,680 --> 00:38:41,840 Speaker 1: one is definitely super cool too. They're almost like simple 863 00:38:41,920 --> 00:38:43,560 Speaker 1: and complex at the same time. I don't know how 864 00:38:43,560 --> 00:38:45,320 Speaker 1: to describe it. Well there, I mean they're they're simple, 865 00:38:45,320 --> 00:38:47,520 Speaker 1: but there it's just well designed. Yeah, well designed, always 866 00:38:47,520 --> 00:38:49,719 Speaker 1: well designed. And yeah I like the label, but I 867 00:38:49,840 --> 00:38:51,359 Speaker 1: like the beer so much too. I feel like it 868 00:38:51,360 --> 00:38:54,040 Speaker 1: it tasted. You know, we talk about sometimes beers tasting 869 00:38:54,120 --> 00:38:56,800 Speaker 1: like orange juice in that vein, but this one, to 870 00:38:56,880 --> 00:38:59,480 Speaker 1: me was like almost straight up orange juice. Like it 871 00:38:59,800 --> 00:39:02,200 Speaker 1: really more than any other beer we've ever had. It's 872 00:39:02,200 --> 00:39:05,160 Speaker 1: this double I p a that had the sweetness of 873 00:39:05,360 --> 00:39:08,799 Speaker 1: oranges but also just kind of that whatever hopster they 874 00:39:08,880 --> 00:39:10,680 Speaker 1: used to make this beer. I'm not sure which ones 875 00:39:10,719 --> 00:39:13,399 Speaker 1: they were, but they had their straight up orange vibe 876 00:39:13,440 --> 00:39:15,239 Speaker 1: going on throughout it. I thought it was a really 877 00:39:15,280 --> 00:39:17,120 Speaker 1: good beer. Yeah, orange juice, but kind of with that 878 00:39:17,200 --> 00:39:20,319 Speaker 1: hoppy zip to it, which specifically actually made me think 879 00:39:20,360 --> 00:39:23,960 Speaker 1: of Sunny D. Did you ever drink sunny D growing up? Yeah, 880 00:39:25,040 --> 00:39:27,919 Speaker 1: sort of orange juice but also sort of soft drink. 881 00:39:27,520 --> 00:39:30,319 Speaker 1: Would I be a red blooded American human if I 882 00:39:30,320 --> 00:39:32,560 Speaker 1: hadn't drunk sunny D when I was a kid? Did 883 00:39:32,600 --> 00:39:34,280 Speaker 1: sunny do you have like a little bit of carbonation 884 00:39:34,320 --> 00:39:36,439 Speaker 1: in it? I don't think so like it had something 885 00:39:36,480 --> 00:39:38,880 Speaker 1: in it that made it seem kind of like tingly 886 00:39:39,239 --> 00:39:42,400 Speaker 1: maybe you think, I think, which no, not also a 887 00:39:42,400 --> 00:39:45,040 Speaker 1: fantastic beverage. You've had that before. I'm talking specifically about 888 00:39:45,040 --> 00:39:47,080 Speaker 1: Sunny D. I don't think it had any carbonation. Maybe 889 00:39:47,280 --> 00:39:48,719 Speaker 1: there's just so much sugar n that it kind of 890 00:39:48,760 --> 00:39:51,200 Speaker 1: like crystallized on your tongue a little bit. Probably that 891 00:39:51,320 --> 00:39:53,920 Speaker 1: coupled with the sweetness you know that you get from 892 00:39:53,960 --> 00:39:57,160 Speaker 1: that orange double I p a flavor. It was very, 893 00:39:57,280 --> 00:39:59,600 Speaker 1: very delicious, but to me totally kind of had that 894 00:40:00,160 --> 00:40:02,840 Speaker 1: just orange shoese vibe going on. But specifically Sunny D. 895 00:40:03,000 --> 00:40:04,920 Speaker 1: Sunny D maybe felt like that kid in the commercial 896 00:40:05,000 --> 00:40:07,600 Speaker 1: coming in on the skateboard being like, Mom, sunny D, 897 00:40:08,120 --> 00:40:10,920 Speaker 1: where's my sunny d? App Mom? That's awesome, But I 898 00:40:10,920 --> 00:40:12,600 Speaker 1: feel like that was the commercial. Yeah, it was something 899 00:40:12,640 --> 00:40:14,160 Speaker 1: like I can pick in the back of the fridge. 900 00:40:14,200 --> 00:40:16,280 Speaker 1: And now now you're reminding me of the Dave Chappelle's 901 00:40:16,320 --> 00:40:20,560 Speaker 1: Get the Purple Drink. I feel like, yeah, they're Chappelle 902 00:40:20,640 --> 00:40:22,040 Speaker 1: is so good. Maybe that's the next one we'll get 903 00:40:22,080 --> 00:40:24,759 Speaker 1: from Modern Times, is their take on purple drink. That'd 904 00:40:24,760 --> 00:40:27,280 Speaker 1: be awesome, all right, that's gonna do it for this episode, 905 00:40:27,280 --> 00:40:30,080 Speaker 1: Matt Um And you know what. For Shure notes for 906 00:40:30,080 --> 00:40:32,680 Speaker 1: this episode, you can go to our website how to 907 00:40:32,760 --> 00:40:35,040 Speaker 1: money dot com and Joe, you know what. It's the 908 00:40:35,120 --> 00:40:39,239 Speaker 1: year and there are a lot of podcasts out there, 909 00:40:39,400 --> 00:40:41,720 Speaker 1: but not all of them are helpful. And so hopefully 910 00:40:41,880 --> 00:40:44,239 Speaker 1: you have found this podcast helpful, and if you have, 911 00:40:44,400 --> 00:40:46,279 Speaker 1: we would love for you to leave a review over 912 00:40:46,320 --> 00:40:49,400 Speaker 1: at Apple Podcasts. If you aren't already subscribed, if you 913 00:40:49,400 --> 00:40:52,240 Speaker 1: could subscribe wherever it is that you listen to your podcast, 914 00:40:52,560 --> 00:40:55,000 Speaker 1: just that simple stuff of mashing that subscribe button that 915 00:40:55,120 --> 00:40:57,760 Speaker 1: helps you to not miss any future episodes, you'll continue 916 00:40:57,800 --> 00:41:02,680 Speaker 1: to get the dopest financial advice on the planet. So true, Alright, Matt, 917 00:41:02,719 --> 00:41:04,680 Speaker 1: that's gonna be it for this episode. For folks that 918 00:41:04,680 --> 00:41:06,239 Speaker 1: are new to the podcast, we always close it out 919 00:41:06,280 --> 00:41:09,160 Speaker 1: by saying this best friends out, best Friends Out.