WEBVTT - A New Year with More Margin #153 0:00:00.080 --> 0:00:02.719 Welcome to How the Money. I'm Joel and I'm Matt, 0:00:02.720 --> 0:00:24.960 and today we're discussing a new year with more margin. Yeah, Joel, 0:00:25.000 --> 0:00:27.920 a new year. Indeed, happy new Year to youth. He was, well, 0:00:28.000 --> 0:00:30.800 my friend, did you guys have a good holiday? Yeah? Man, 0:00:30.840 --> 0:00:33.360 it was great. Less time with family, left time with 0:00:33.400 --> 0:00:35.680 friends too at the same time, so it was idealist 0:00:35.840 --> 0:00:38.000 that's the best, right. Well, this is I think just 0:00:38.080 --> 0:00:40.320 the perfect time to talk about margin. Any percent of 0:00:40.360 --> 0:00:43.479 folks say that they're living paycheck to paycheck Americans, they 0:00:43.520 --> 0:00:46.040 are among the most stress and the entire world, and 0:00:46.080 --> 0:00:47.760 a lot of that has to do with not having 0:00:47.960 --> 0:00:50.400 enough margin in our lives. We're gonna talk about financial 0:00:50.400 --> 0:00:53.360 margin as well as some other ways to include margin 0:00:53.400 --> 0:00:55.800 in our lives. Yeah, man, I feel like margin is 0:00:56.200 --> 0:00:59.000 the word for for me. It's like the word when 0:00:59.000 --> 0:01:00.680 it comes to our fine answ is when it comes 0:01:00.720 --> 0:01:02.720 to my time, like all those kind of things like 0:01:02.760 --> 0:01:05.320 I want more margin brought back in to my life. 0:01:05.560 --> 0:01:07.000 And so we're gonna kind of tackle that. This is 0:01:07.040 --> 0:01:10.039 something that you and I are personally invested in. It's 0:01:10.040 --> 0:01:12.320 something that we care about most definitely. Yeah, And so 0:01:12.520 --> 0:01:15.240 I think it resonates with us on this deep personal level, 0:01:15.280 --> 0:01:18.080 and and then it has application not just to our time, 0:01:18.120 --> 0:01:19.520 but to our money as well. As we're gonna talk 0:01:19.560 --> 0:01:21.840 about that at the same time, Matt, before we get 0:01:21.840 --> 0:01:24.679 to that real quick, uh or over the holidays, our 0:01:24.760 --> 0:01:28.640 girls set up a hot chocolate and cookie stand in 0:01:28.680 --> 0:01:30.600 our neighborhood, and it was such a fun time getting 0:01:30.600 --> 0:01:32.800 to see our girls kind of step out there and 0:01:32.840 --> 0:01:35.280 do their first like entrepreneurial venture. Yeah. It was just 0:01:35.280 --> 0:01:37.120 like a little business there right on the sidewalk. Man. 0:01:37.240 --> 0:01:39.200 It's so cute. Yeah, I think. Yeah, they made what 0:01:39.280 --> 0:01:41.720 like thirty bucks something like that selling cookies. And how 0:01:41.760 --> 0:01:43.960 did they We haven't gotten our final cut yet. Oh 0:01:43.959 --> 0:01:45.240 all right, well we're gonna have to dish that out 0:01:45.280 --> 0:01:47.160 to you. Then well, well, look, does your oldest daughter 0:01:47.200 --> 0:01:49.280 to she use the cash app? Or should I just 0:01:49.320 --> 0:01:51.480 give her a hard cash? Yeah, she's got the Venmo okay, 0:01:51.480 --> 0:01:54.640 all right on her smartphone she's hit. Yeah. That was 0:01:54.680 --> 0:01:56.760 so fun though, man, And it's so fun to set 0:01:56.760 --> 0:01:58.800 something like that up in your neighborhood and just such 0:01:58.840 --> 0:02:01.360 a great way to kind of tea those money lessons. 0:02:01.640 --> 0:02:03.960 And then you know, we're preparing for a little trip 0:02:04.040 --> 0:02:08.720 to Disney World next month. Oh yeah, I'm not necessarily 0:02:08.760 --> 0:02:10.840 excited about it, although I've been told I should be. 0:02:11.360 --> 0:02:13.000 You know, when you first told me, I emailed back 0:02:13.040 --> 0:02:15.280 and I said, who even are you right? Yeah, No, 0:02:15.400 --> 0:02:18.200 it's it's not necessarily our jam. It's not kind of 0:02:18.200 --> 0:02:20.240 how we roll. But my mother in lawn, father in law, 0:02:20.280 --> 0:02:22.120 they're super into Disney and they're running a place, and 0:02:22.120 --> 0:02:23.600 so we're gonna stay with them, and we're gonna go 0:02:23.600 --> 0:02:25.399 to the park a couple of times. It's my girls 0:02:25.440 --> 0:02:26.840 are gonna love it. But that that was one of 0:02:26.840 --> 0:02:29.640 the things behind starting doing the stand was that I 0:02:29.680 --> 0:02:32.600 know my oldest daughter is going to want a bunch 0:02:32.600 --> 0:02:34.359 of things while we're there, and so this was the 0:02:34.360 --> 0:02:37.120 perfect opportunity to say money, you need to earn some 0:02:37.160 --> 0:02:38.679 of that spending money that you want to use while 0:02:38.680 --> 0:02:40.919 we're down there. So so I think she's excited. She's 0:02:40.919 --> 0:02:43.200 got some cash on hand, and we'll kind of give 0:02:43.200 --> 0:02:45.280 her an allotment of what she can spend each day. 0:02:45.480 --> 0:02:47.919 We'll provide a portion of that, she'll provide a portion 0:02:47.960 --> 0:02:50.280 of that, and then that will teach her a lesson. 0:02:50.320 --> 0:02:52.720 I think about the work that she had to do 0:02:52.880 --> 0:02:54.480 in order to have the money to buy the things 0:02:54.480 --> 0:02:56.080 that she wants while we're there. Yeah, well, both of 0:02:56.080 --> 0:02:58.280 our girls they're also in first grade, and so that's 0:02:58.400 --> 0:03:00.760 it was a perfect way for them to learned some math. 0:03:01.000 --> 0:03:03.880 And in a real life situation, people are always showing 0:03:03.919 --> 0:03:05.600 up with fight all our bills and they gotta break 0:03:05.600 --> 0:03:08.640 the five. So like, what's five minus one? Because the 0:03:08.680 --> 0:03:11.120 goods the cookies in the hot chocolate cost one dollar, 0:03:11.560 --> 0:03:14.440 so they got really good at saying five minus one 0:03:14.520 --> 0:03:17.720 is four. Well, they also learned about tipping because we 0:03:17.760 --> 0:03:19.919 have some generous neighbors. Yeah, there were a lot of 0:03:19.960 --> 0:03:21.440 lessons and a lot of It was a lot of 0:03:21.440 --> 0:03:23.920 fun at this cookie and hot chocolate stand and just 0:03:24.000 --> 0:03:26.239 perfect for the weather. It was. Yeah, such a fun time. 0:03:26.440 --> 0:03:28.000 I think we've even got a picture from that as well, 0:03:28.000 --> 0:03:30.160 So maybe we'll toss that up on the Instagram later on, 0:03:30.400 --> 0:03:32.400 no doubt. All right, man, let's mentioned the beer that 0:03:32.400 --> 0:03:34.520 we're having on the show today. This one's called Visible 0:03:34.520 --> 0:03:37.080 World by Modern Times. It's a double I p A 0:03:37.240 --> 0:03:39.000 and big thanks to my buddy Craig who sent this 0:03:39.040 --> 0:03:42.320 one our way. He's a brewer out there in California 0:03:42.360 --> 0:03:44.440 for Modern Times and man, they make some great beers. 0:03:44.480 --> 0:03:45.880 I'm really excited to have this one on the show 0:03:45.920 --> 0:03:48.000 with you today, my friend. Yeah, man, I'm looking forward 0:03:48.040 --> 0:03:49.840 to this one. I can already tell you that it's 0:03:49.840 --> 0:03:52.080 a little bit sweet because I took a sip, and 0:03:52.280 --> 0:03:54.440 that means I'm gonna like it. I like the sweet 0:03:54.480 --> 0:03:57.000 things in life. Yeah, you do. That's that's why you 0:03:57.040 --> 0:03:59.560 like our friendship? Is it sweet? I think so sweet 0:03:59.560 --> 0:04:02.040 and sour? All right, let's get onto the topic at hand. 0:04:02.480 --> 0:04:05.120 It's it's a new year, and I feel like a 0:04:05.160 --> 0:04:09.040 new year, of course, presents new possibilities for all of us. 0:04:09.240 --> 0:04:11.560 It's just easier for us to believe that a new 0:04:11.640 --> 0:04:13.960 narrative is possible for our lives as kind of the 0:04:14.000 --> 0:04:17.640 calendar turns and it is. We have the power to 0:04:17.720 --> 0:04:21.159 change our previous negative money associations, and we have the 0:04:21.200 --> 0:04:24.880 ability to start handling our personal finances better this year. 0:04:24.960 --> 0:04:28.560 In creating a larger gap between incoming money and outgoing 0:04:28.600 --> 0:04:31.680 expenses allows you to save more and creates more financial 0:04:31.680 --> 0:04:34.080 margin in your life. So we're gonna talk about that, 0:04:34.120 --> 0:04:35.840 but we'll also talk about the other areas of our 0:04:35.880 --> 0:04:38.080 lives where we should all be shooting for more margin. 0:04:39.279 --> 0:04:42.280 And we often hear the term margin when business is 0:04:42.400 --> 0:04:45.120 mentioned their profit margin, right, like when they referred to 0:04:45.240 --> 0:04:47.600 like what's left over after selling your product and factoring 0:04:47.680 --> 0:04:50.800 in your expenses, not unlike what the girls did with 0:04:50.839 --> 0:04:54.760 their cookies. Right, what was the profit margin, Joel? Where details? Well, 0:04:54.800 --> 0:04:57.279 you gotta factor in the publicized statement. Well that's why 0:04:57.279 --> 0:05:00.240 EVY hasn't gotten their cut yet, because we all the 0:05:00.279 --> 0:05:02.320 supplies and so we gotta figure out all that. But yeah, 0:05:02.320 --> 0:05:04.640 so the hot chocolate, there's the chocolate chips, there's a flower, 0:05:04.680 --> 0:05:06.919 there's all that kind of stuff that went into creating 0:05:06.960 --> 0:05:09.000 the product that was sold. Well, I know, you guys 0:05:09.000 --> 0:05:10.960 definitely did most of the heavy lifting there, so I'm 0:05:11.000 --> 0:05:15.200 not expecting that cuts. What is interesting, though, you know, 0:05:15.240 --> 0:05:17.400 when it comes to profit margin is we do often 0:05:17.440 --> 0:05:20.839 think of ourselves individually as businesses sometimes, but you know, 0:05:20.920 --> 0:05:24.040 specifically with this episode, we're talking about margin a little 0:05:24.040 --> 0:05:27.400 more broadly. There's this quote by doctor Richard Swinton, and 0:05:27.440 --> 0:05:29.320 he kind of had a good definition for us where 0:05:29.320 --> 0:05:32.880 he said that margin is the gap between rest and exhaustion. 0:05:32.960 --> 0:05:36.520 It's the space between breathing freely and suffocating. And I 0:05:36.560 --> 0:05:38.520 think many of us could use more margin in our 0:05:38.520 --> 0:05:40.719 lives when it comes to our time, and a whole 0:05:40.720 --> 0:05:43.480 lot of us could also use some more financial margin 0:05:43.520 --> 0:05:45.800 as well. Yeah, so let's kind of talk about financial 0:05:45.800 --> 0:05:49.000 margin first, because our shows how the money. It's obviously 0:05:49.120 --> 0:05:52.040 crucial that we talk about creating that financial breathing room 0:05:52.080 --> 0:05:54.320 in our lives. And I think that's something to strive 0:05:54.360 --> 0:05:57.120 for this year. If you feel like you haven't been 0:05:57.120 --> 0:05:59.919 able to accomplish any sort of financial margin in your life, 0:06:00.160 --> 0:06:02.640 well that's what we're here to do this year. That's 0:06:02.640 --> 0:06:04.760 our goal. Like, we're here to talk about it now, 0:06:04.839 --> 0:06:07.000 kind of set the table, and then throughout the year, 0:06:07.000 --> 0:06:09.640 we're gonna be giving examples and we're gonna be giving 0:06:10.080 --> 0:06:13.160 specific advice in order to help you achieve that goal 0:06:13.200 --> 0:06:15.480 of creating more financial margin in your life. And who 0:06:15.560 --> 0:06:17.880 this is getting official? Is this gonna be our official 0:06:18.240 --> 0:06:20.880 official theme for the years? Is margin? I don't think no, 0:06:20.960 --> 0:06:23.479 I don't think it's like a fully themed year or anything, 0:06:23.520 --> 0:06:25.200 but I think you know, for me, this is a 0:06:25.240 --> 0:06:28.840 word that I'm using to kind of prioritize, and I 0:06:28.880 --> 0:06:31.720 think so many of our listeners have expressed that they've 0:06:31.720 --> 0:06:34.320 had a hard time finding financial margin or they're kind 0:06:34.360 --> 0:06:35.840 of at the beginning of their journey and they've just 0:06:35.880 --> 0:06:39.000 created a certain amount of financial margin. And so, yeah, 0:06:39.040 --> 0:06:41.000 a lot of the topics that we cover anyway are 0:06:41.040 --> 0:06:43.200 helping people develop more of that margin in their lives 0:06:43.200 --> 0:06:45.039 when it comes to their money, right, and hopefully it 0:06:45.080 --> 0:06:47.960 gets to the point where they're savings rate is astronomical 0:06:48.120 --> 0:06:50.000 and they've got like an insane amount of margin. Right, 0:06:50.000 --> 0:06:54.680 that's the ultimate coal. Yeah, next year's word will be excess. Yeah. 0:06:54.720 --> 0:06:58.000 But so the first really financial margin that you're able 0:06:58.040 --> 0:07:01.000 to gain in your life is build thing an emergency fund. 0:07:01.160 --> 0:07:02.800 And at a very basic level, when it comes to 0:07:02.800 --> 0:07:06.799 your personal finances, margin is an emergency fund. Some people 0:07:06.839 --> 0:07:09.680 call it a cash cushion or cash reserves, but an 0:07:09.720 --> 0:07:12.280 emergency fund is money that's set aside that can be 0:07:12.320 --> 0:07:14.920 accessed quickly if you're in a pinch. So a lot 0:07:14.920 --> 0:07:17.160 of folks say that the minimum should be a thousand bucks, 0:07:17.200 --> 0:07:19.760 or that three to six months of saving should be 0:07:19.800 --> 0:07:22.200 your goal. But we recently discussed on the show Matt 0:07:22.200 --> 0:07:24.840 how there's a specific number that people should be aiming 0:07:24.840 --> 0:07:28.160 for when they're saving up an emergency fund. It's two thousand, 0:07:28.360 --> 0:07:31.040 four hundred and sixty seven dollars to four or six seven, 0:07:31.120 --> 0:07:34.600 And for almost everybody out there, that's like an infomercial, 0:07:34.880 --> 0:07:38.000 right right, just for one easy payment of two six seven. Yeah, 0:07:38.160 --> 0:07:39.720 if you can be a stress free but if you 0:07:39.720 --> 0:07:43.760 can hit that number, that truly is that baseline amount 0:07:43.800 --> 0:07:45.840 you need to have that breathing room to have that 0:07:45.880 --> 0:07:50.320 financial margin that allows you to weather those unexpected storms, 0:07:50.400 --> 0:07:53.680 the unexpected expenses that do pop into your life, a 0:07:53.720 --> 0:07:57.480 surprise bill or a surprise expense that you weren't considering, 0:07:57.480 --> 0:07:59.920 you weren't thinking about, a transmission failure in a car, 0:08:00.040 --> 0:08:02.320 or whatever it may be. And that is a great 0:08:02.480 --> 0:08:05.160 goal to have to hit that amount in your fund 0:08:05.440 --> 0:08:08.360 in order to have that baseline margin. And you know what, 0:08:08.800 --> 0:08:11.120 just having that financial margin creates a lot of like 0:08:11.720 --> 0:08:14.520 margin in your head like brain space. Yeah right, it's 0:08:14.560 --> 0:08:17.840 huge just for being able to think clearly. But even still, man, 0:08:17.880 --> 0:08:19.280 I think for a lot of folks, you know, they 0:08:19.280 --> 0:08:21.600 hear that and they think, man, that's bucks, that's that's 0:08:21.600 --> 0:08:23.520 still a lot of money. And so I think even 0:08:23.560 --> 0:08:25.680 if you don't have a pile of cash sitting around like, 0:08:25.720 --> 0:08:28.560 there is a chance that you could immediately have some 0:08:28.640 --> 0:08:31.840 financial margin this month with just a few tweaks, right, Like, 0:08:31.880 --> 0:08:34.560 the goal is to spend less than you're currently earning, 0:08:34.720 --> 0:08:37.840 and while by definition you now have financial margin, Like 0:08:37.920 --> 0:08:40.120 it really doesn't have to be more complicated than that. 0:08:40.280 --> 0:08:42.840 You know, like maybe there's not a lot there. You know, 0:08:42.960 --> 0:08:45.640 you don't have a ton of financial margin, but over time, 0:08:45.720 --> 0:08:48.160 like you want to work to increase that gap between 0:08:48.160 --> 0:08:50.600 what you're earning and what you're spending. This might just 0:08:50.679 --> 0:08:53.040 be acting a few easy line items maybe on your budget, 0:08:53.200 --> 0:08:56.240 or depending on your situation, it could mean maybe some 0:08:56.320 --> 0:08:59.600 more difficult pruning. But essentially, any time you're able to 0:08:59.720 --> 0:09:01.800 have any sort of gap there in between what you're 0:09:01.840 --> 0:09:04.640 earning and what you're spending, like, by definition, that as 0:09:04.679 --> 0:09:07.560 financial margins, So be encouraged if that's you. I think, 0:09:07.600 --> 0:09:10.880 no matter where you are, aiming for a semblance of 0:09:10.920 --> 0:09:14.840 financial margin, if you're at zero right now or more margin, 0:09:15.040 --> 0:09:17.280 if you have gotten the ball rolling and you already 0:09:17.280 --> 0:09:20.400 have a decent emergency fund, that's your goal. Wherever you are, 0:09:20.520 --> 0:09:22.800 you can aim for more. And I think that's definitely 0:09:23.000 --> 0:09:25.120 a positive message and something that's important for us to 0:09:25.240 --> 0:09:27.920 realize as we're talking about this. This this message is 0:09:27.960 --> 0:09:32.000 for everyone. So and why, Matt, is margin so important? 0:09:32.280 --> 0:09:34.360 I think the reason it is so important, to the 0:09:34.440 --> 0:09:36.840 reason we really feel compelled to talk about it on 0:09:36.880 --> 0:09:39.040 the first day of the new year right in, is 0:09:39.360 --> 0:09:41.480 that we well, we have to fight for margin, whether 0:09:41.480 --> 0:09:43.920 we're talking about our time or our money. It doesn't 0:09:43.960 --> 0:09:47.680 just magically appear. It's It takes a proactive effort on 0:09:47.880 --> 0:09:50.080 your part, on my part, in order to secure it 0:09:50.160 --> 0:09:52.720 for ourselves and for our families. So let's talk about 0:09:52.720 --> 0:09:55.880 time for a second time. Margin helps to keep these 0:09:55.920 --> 0:10:00.160 important relationships intact, as well as allowing us to time 0:10:00.240 --> 0:10:02.839 to think in solitude that we need in order to 0:10:02.920 --> 0:10:05.200 keep our own personal well being in a good place 0:10:05.400 --> 0:10:08.040 and to keep those stress levels at bay. If we 0:10:08.040 --> 0:10:11.400 don't have margin to to think about the people that 0:10:11.480 --> 0:10:13.480 we love and care about the most, it's going to 0:10:13.559 --> 0:10:16.800 impact those relationships negatively. We're not going to be putting 0:10:16.840 --> 0:10:19.920 the thoughtfulness and the effort into those friendships, into those 0:10:19.920 --> 0:10:22.200 relationships that we have that are the nearest and dearest 0:10:22.200 --> 0:10:24.200 to us. Man. I don't know about you, Matt. I 0:10:24.280 --> 0:10:26.520 felt this at times in my life where I know 0:10:26.640 --> 0:10:28.640 that I love and care for people, but I feel 0:10:28.640 --> 0:10:30.480 like all these other things have encroached on me so 0:10:30.559 --> 0:10:33.840 hard that I feel like my margin, my lack of 0:10:33.960 --> 0:10:37.760 margin has led to just a decline and satisfaction in 0:10:37.840 --> 0:10:41.679 some of my relationships, mostly because I was unable at 0:10:41.679 --> 0:10:44.160 that time to really be there for the people I 0:10:44.200 --> 0:10:46.760 love the most, because I just wasn't putting enough thought 0:10:46.840 --> 0:10:49.520 or care into those relationships. And that can be stressful, 0:10:49.640 --> 0:10:51.640 right well, like when you know your relationships are suffering 0:10:51.679 --> 0:10:54.040 because of a lack of time, Like that's that's stressful. 0:10:54.320 --> 0:10:56.520 You know, when you don't have financial margin as well, though, 0:10:56.559 --> 0:10:59.320 that can also be crazy stressful, like when you have 0:10:59.400 --> 0:11:02.360 some financial margin that can help keep those trying times 0:11:02.400 --> 0:11:06.000 at bay. Most Americans would have no idea what to 0:11:06.080 --> 0:11:08.360 do if they lost their job today, you know, or 0:11:08.400 --> 0:11:10.599 if their employer had a payroll glitch. I think a 0:11:10.600 --> 0:11:12.360 lot of folks even got a wake up call was 0:11:12.880 --> 0:11:15.040 a full year ago now where the where the government 0:11:15.120 --> 0:11:16.880 kind of shut down for a little bit and folks 0:11:16.920 --> 0:11:19.680 weren't getting their paychecks and and overnight jobs that were 0:11:19.760 --> 0:11:22.840 maybe once seen as kind of being the most secure jobs. 0:11:23.120 --> 0:11:25.200 The folks who had those jobs then felt like that 0:11:25.240 --> 0:11:28.120 they had unsure footing. Yeah, and really, so many of 0:11:28.160 --> 0:11:30.320 them knew that once the government shutdown was over, that 0:11:30.559 --> 0:11:32.680 they were going to get that back pay. Most most 0:11:32.720 --> 0:11:35.400 of the employees, they knew it was coming, but they 0:11:35.400 --> 0:11:38.840 couldn't bridge the gap in between, you know, the weeks 0:11:38.880 --> 0:11:40.960 and what ended up being what three weeks or a 0:11:40.960 --> 0:11:43.560 month what however long it was. They couldn't bridge that gap. 0:11:43.720 --> 0:11:45.320 And that's the case for so many of us. Like 0:11:45.400 --> 0:11:47.120 if there was a glitch like that, if there was 0:11:47.400 --> 0:11:50.200 something that happened where your your employer forgot to pay 0:11:50.200 --> 0:11:51.720 you and they're like, you know what, I'll make up 0:11:51.760 --> 0:11:54.040 for it two weeks from now and you'll get double pay. Well, 0:11:54.080 --> 0:11:56.719 could you stomach those two weeks? Do you have the 0:11:56.760 --> 0:11:59.240 money in savings in order to handle a glitch like that? 0:11:59.559 --> 0:12:02.120 Or if you work for the government and they are 0:12:02.160 --> 0:12:04.640 in net at coming to a deal again, like, do 0:12:04.679 --> 0:12:06.800 you have the money to be able to cover yourself 0:12:06.840 --> 0:12:09.840 for three weeks or a month during that time or 0:12:09.920 --> 0:12:12.800 are you going to be stressed out unable to meet 0:12:12.800 --> 0:12:16.079 your bill payments. That's a terrible place to be. Yeah, totally, man, 0:12:16.240 --> 0:12:18.920 I mean financial margin is just so crucial and ensuring 0:12:18.920 --> 0:12:21.680 that you can navigate those trials, those whatever it happens 0:12:21.720 --> 0:12:25.280 to be, but without an overwhelming amount of stress, you know, 0:12:25.280 --> 0:12:27.440 and we're kind of talking about the negative side of it, right, 0:12:27.440 --> 0:12:29.480 but let's put a positive spin on it. When you 0:12:29.480 --> 0:12:32.080 have a financial margin that can afford you the flexibility 0:12:32.240 --> 0:12:35.680 to maybe not stick exactly to your budget, say maybe 0:12:35.720 --> 0:12:38.320 your priorities might change, or you want to take advantage 0:12:38.360 --> 0:12:41.000 of a deal or an opportunity that comes along. That's 0:12:41.040 --> 0:12:43.240 not just about avoiding stress, but it can be the 0:12:43.280 --> 0:12:45.840 ability to jump at the opportunity, you know, when something 0:12:45.840 --> 0:12:47.760 good like that comes along. You know, we're talking about 0:12:47.800 --> 0:12:49.400 in the in the frame of money, but the same 0:12:49.440 --> 0:12:52.000 thing goes with time as well. When you have some time, 0:12:52.360 --> 0:12:54.600 it gives you more flexibility and more options to say 0:12:54.679 --> 0:12:57.400 yes to things, if, of course those things line up 0:12:57.400 --> 0:12:59.520 with your priorities. Yeah. Man, I feel like the more 0:12:59.600 --> 0:13:01.560 financial a margin I've been able to gain in my life, 0:13:01.640 --> 0:13:05.400 the more I see these really kind of odd sometimes 0:13:05.400 --> 0:13:08.000 ways that I can use some of that money to 0:13:08.200 --> 0:13:12.080 make more money, or I can pounce on a deal 0:13:12.120 --> 0:13:14.120 that otherwise I would have had to say no to 0:13:14.440 --> 0:13:17.679 but it's such an amazing thing for my family, or 0:13:17.800 --> 0:13:19.640 or something that we've been a purchased that we've maybe 0:13:19.679 --> 0:13:21.280 been thinking about for a long time, and we've just 0:13:21.320 --> 0:13:23.400 been waiting and holding out and I would have to 0:13:23.440 --> 0:13:25.200 say no if I didn't have the financial margin. And 0:13:25.280 --> 0:13:27.880 so I think the more financial margin we have, there's 0:13:27.880 --> 0:13:30.720 this big positive impact that it has on kind of 0:13:30.720 --> 0:13:33.960 how we're able to take advantage of different opportunities that 0:13:34.000 --> 0:13:36.480 come our way. It's not about just making life not suck, 0:13:36.600 --> 0:13:39.120 it's about making it awesome, right right, Yeah, So I 0:13:39.160 --> 0:13:42.240 think when we're thinking about margin, an interesting kind of 0:13:42.320 --> 0:13:44.160 way to think about it, that kind of I don't know, 0:13:44.200 --> 0:13:46.880 mental imagery that helps me is to think about it 0:13:46.960 --> 0:13:49.880 as a shoulder on the highway. So if you're driving 0:13:49.880 --> 0:13:52.480 at night, having a shoulder on the road with those 0:13:52.559 --> 0:13:55.600 rumble strips on the side, well, it's incredibly helpful. It 0:13:55.640 --> 0:13:57.640 means that if you steer off course just a bit, 0:13:57.960 --> 0:14:00.199 you aren't directly getting tangled up with the guard rail, 0:14:00.320 --> 0:14:03.040 ruining your car running off into a ditch. Right, So 0:14:03.200 --> 0:14:05.400 that margin is our aim, Like we want if you 0:14:05.480 --> 0:14:07.439 did doze off just to touch and you hit the 0:14:07.480 --> 0:14:09.400 rumble strips, it wakes you up, it brings you back. 0:14:09.559 --> 0:14:11.439 You're able to veer back into your lane and that's 0:14:11.520 --> 0:14:14.000 kind of what that margin does for us. At the 0:14:14.040 --> 0:14:17.800 same time, it means that the slightest deviation doesn't take 0:14:17.880 --> 0:14:19.960 us off a cliff. It's actually just a reminder to 0:14:19.960 --> 0:14:22.040 help us get back into the place where we're supposed 0:14:22.040 --> 0:14:24.480 to be. I like that. Man. We're gonna talk how 0:14:24.640 --> 0:14:26.480 we can create more margin in our life later on 0:14:26.480 --> 0:14:27.920 in the show, But next we're gonna talk about some 0:14:27.920 --> 0:14:30.760 of the different things that keep us from having more margin. 0:14:30.920 --> 0:14:41.880 But first a quick break. All right, Matt, we're back. 0:14:41.920 --> 0:14:44.960 It's our first episode of and we're talking about margin, 0:14:45.320 --> 0:14:47.080 a word that we hope kind of defines this here 0:14:47.200 --> 0:14:50.640 for you and I for our families. And let's talk 0:14:50.680 --> 0:14:52.600 about some of the things that currently keep us from 0:14:52.640 --> 0:14:54.880 having more margin. And I think there are there are 0:14:54.920 --> 0:14:59.280 a few specific ways that we approach life that can 0:14:59.480 --> 0:15:02.680 affect how we view margin. And it's important to note 0:15:02.760 --> 0:15:05.920 because so much of the way we think about our 0:15:05.960 --> 0:15:08.240 lives is tied up in these things. And if we 0:15:08.280 --> 0:15:10.880 can just kind of change our viewpoint and see where 0:15:11.000 --> 0:15:14.400 reality lies, then we can then start to attack the problem. 0:15:14.720 --> 0:15:17.240 So one of the things that keeps us from having 0:15:17.280 --> 0:15:20.600 more margin is buying into kind of the current status 0:15:20.680 --> 0:15:23.600 quo in our lives. Basically, we've just gotten used to 0:15:23.720 --> 0:15:25.800 having so little margin in our lives that it's all 0:15:25.840 --> 0:15:28.600 we know. We're all busy and money is tight for 0:15:28.680 --> 0:15:31.040 lots of us, and it's just easy for us to 0:15:31.040 --> 0:15:34.200 accept that both of those things are definitive statements about 0:15:34.200 --> 0:15:37.600 who we are. They're immovable, they're concrete. But that's just 0:15:37.640 --> 0:15:39.840 not the case. Right. We can take a mental leap 0:15:39.880 --> 0:15:43.240 to see both of those things as circumstantial situations that 0:15:43.320 --> 0:15:45.320 we have the ability to put a dent in to 0:15:45.440 --> 0:15:48.080 create more margin in our own lives and homes. We 0:15:48.200 --> 0:15:51.720 have the ability ultimately to create a new status quo. 0:15:52.000 --> 0:15:54.720 We can change the narrative, right, And I think that 0:15:54.880 --> 0:15:57.840 is just one of those the biggest hurdles to actually 0:15:58.120 --> 0:16:01.360 getting a semblance of margin in our lives is overcoming 0:16:01.720 --> 0:16:05.040 that idea that what the way things currently are has 0:16:05.080 --> 0:16:07.800 to be the way that things stay. Yeah, that's so good, man, Like, 0:16:07.800 --> 0:16:09.840 that's a good question that we can ask ourselves, right, Like, 0:16:09.960 --> 0:16:14.320 do you identify as being a busy person? Because if so, like, 0:16:14.360 --> 0:16:16.280 then that's probably what you're going to continue to be 0:16:16.440 --> 0:16:19.920 if you identify with that, Joel, are you a busy person? Yeah? 0:16:19.960 --> 0:16:21.720 That's a good question, I think. Man, the narrative I 0:16:21.760 --> 0:16:24.040 tell myself oftentimes is that I am a busy person, 0:16:24.120 --> 0:16:26.520 and I think there are so many ways for me 0:16:26.560 --> 0:16:29.920 to become less quote unquote busy, and ultimately that that 0:16:30.040 --> 0:16:32.120 business is just kind of the story I've told myself 0:16:32.160 --> 0:16:34.440 about my life, and there are changes that I can make, 0:16:34.560 --> 0:16:38.840 concrete changes that I can make to change what's actually true. 0:16:39.160 --> 0:16:42.560 It reminds me of our conversation with Laura Vanderkam, who 0:16:42.840 --> 0:16:47.480 hosts the podcast Before Breakfast, and she had some good 0:16:47.480 --> 0:16:49.040 insight I think. I think it was like something like 0:16:49.080 --> 0:16:51.360 episode ninety. She had some really good insight for us, 0:16:51.640 --> 0:16:54.040 and she talked about kind of this water heater analogy 0:16:54.360 --> 0:16:56.240 where this this lady she was talking to about her 0:16:56.280 --> 0:16:58.760 time management had a water heater burst and it just 0:16:58.800 --> 0:17:01.040 created this ripple effect of problems in her house. Right, 0:17:01.320 --> 0:17:03.080 the the the water that needed to be cleaned up, 0:17:03.120 --> 0:17:05.199 the carpet that needed to be replaced, on and on 0:17:05.240 --> 0:17:07.320 and on, not to mention just replacing the water heater 0:17:07.600 --> 0:17:10.160 and getting that done, and all the hours she spent 0:17:10.560 --> 0:17:12.760 in this quote unquote busy week where she didn't have 0:17:12.800 --> 0:17:14.720 time to do anything else, but she was forced to 0:17:14.760 --> 0:17:17.520 make time in order to do this this pressing thing. 0:17:18.000 --> 0:17:20.120 And I don't know about you, man, but but that 0:17:20.200 --> 0:17:22.639 resonated with me deeply, and I feel like that's something 0:17:22.680 --> 0:17:25.600 that I'm guilty of, is saying that I don't have 0:17:25.680 --> 0:17:29.000 time for the things that actually should matter more to me. 0:17:29.400 --> 0:17:32.280 And that's yeah, that's why I think this episode and 0:17:32.359 --> 0:17:35.880 kind of tackling this topic is so important for us 0:17:36.320 --> 0:17:38.760 and hopefully for our listeners to write and at this 0:17:38.800 --> 0:17:42.080 specific moment in time. Yeah, Well, that's the thing about business, right, 0:17:42.160 --> 0:17:44.720 is that it can be a precursor. It can lead 0:17:44.760 --> 0:17:46.840 to a less margin than our lives. Like Seth Godin 0:17:46.920 --> 0:17:49.399 says that anybody can be busy. All you need to 0:17:49.400 --> 0:17:51.200 do to feel busy is to try to get two 0:17:51.200 --> 0:17:54.000 things done at once, or seek to beat a deadline 0:17:54.040 --> 0:17:56.119 that is stressing you out. And you know, when it 0:17:56.160 --> 0:17:59.080 comes to our personal finances, being quote unquote busy is 0:17:59.160 --> 0:18:01.879 just going up out the daily acts of earning and 0:18:01.920 --> 0:18:04.440 spending our money without giving enough thoughts to the larger 0:18:04.520 --> 0:18:07.760 things that might be even more important. Right to me, 0:18:07.840 --> 0:18:10.240 it's allowing the urgent things in life to overtake the 0:18:10.320 --> 0:18:12.199 things that are more important. So, yeah, you need to 0:18:12.200 --> 0:18:14.360 go into work so that you don't get fired, right, 0:18:14.400 --> 0:18:17.760 And yes, you should probably pay your different bills. But 0:18:17.840 --> 0:18:20.080 maybe the more important questions we should be asking ourselves 0:18:20.080 --> 0:18:22.560 are things like, well, maybe this particular job is holding 0:18:22.560 --> 0:18:25.200 me back and I should be looking for something that 0:18:25.280 --> 0:18:27.240 I'm better suited for. Or maybe this isn't a bill 0:18:27.240 --> 0:18:29.200 I should have in the first place. I shouldn't have 0:18:29.280 --> 0:18:31.440 a car payment at all. And so when we're busy, 0:18:31.480 --> 0:18:33.800 we're not stepping back enough to take site of the 0:18:33.920 --> 0:18:35.760 entire picture. We're not kind of lifting our head up 0:18:35.760 --> 0:18:38.160 above the smoke and seeing like what is actually going 0:18:38.200 --> 0:18:40.080 on here. We're just doing it. We're just going about 0:18:40.080 --> 0:18:42.280 the motions of it. And I think that specifically is 0:18:42.280 --> 0:18:45.360 when dizziness can keep us from having more margin. Yeah, 0:18:45.440 --> 0:18:47.520 it's like walking through a forest and you're just looking 0:18:47.560 --> 0:18:50.080 at every individual tree as you're going on your hike. 0:18:50.520 --> 0:18:52.960 But you know what, for the forest and the tree 0:18:53.000 --> 0:18:55.240 analogy of somebody giving somebody get where. I don't know 0:18:55.280 --> 0:18:57.679 where I'm gonna attribute it to myself right now, But 0:18:57.760 --> 0:19:00.720 if you had like this sweet own that could rise 0:19:00.720 --> 0:19:02.919 above at all and give you this bigger picture. To me, 0:19:03.000 --> 0:19:05.119 that's kind of margin. Right, you need that ability to 0:19:05.160 --> 0:19:06.640 see kind of what's in front of you a little 0:19:06.640 --> 0:19:09.120 bit further out, so you can make a decision about 0:19:09.119 --> 0:19:11.040 whether you're gonna go left or right at that trail bend. 0:19:11.400 --> 0:19:14.840 And that is our problem, right when we're so hyper busy, 0:19:14.880 --> 0:19:16.919 we're so focused on the day to day, we're so 0:19:17.000 --> 0:19:19.280 focused on the thing right in front of us, that 0:19:19.400 --> 0:19:22.760 we have an inability to kind of be a little 0:19:22.760 --> 0:19:25.600 introspective and to plan a little bit ahead for the future. 0:19:25.880 --> 0:19:28.320 So I think business matt ultimately is kind of a 0:19:28.440 --> 0:19:32.440 terrible but widely accepted excuse. If we don't have time 0:19:32.960 --> 0:19:34.879 for the people that matter most to us, then something's 0:19:34.880 --> 0:19:36.840 got to give. If we don't have the money to 0:19:36.840 --> 0:19:39.600 meet our obligations every month and we decide instead to 0:19:39.640 --> 0:19:42.120 use credit cards to help us through, well, we're taking 0:19:42.160 --> 0:19:45.800 away our potential for future margin in our lives. And 0:19:45.840 --> 0:19:48.400 this cycle has to stop. I've heard of people say 0:19:48.440 --> 0:19:50.720 so many times that they just don't have the money 0:19:50.960 --> 0:19:53.359 for something else, and it must be nice that somebody 0:19:53.359 --> 0:19:56.320 else has the time or the ability or the money 0:19:56.560 --> 0:19:59.680 to travel or to prioritize, you know, taking as sabbatical 0:19:59.720 --> 0:20:02.080 from mo. All these kind of bigger things that seem 0:20:02.119 --> 0:20:05.399 impossible for for most of us. But ultimately, what it 0:20:05.400 --> 0:20:07.600 comes down to is a set of prioritizations, and we 0:20:07.600 --> 0:20:10.280 can make excuses, and that's easy to do, right, It's 0:20:10.320 --> 0:20:12.159 easy to say I can't have that, I can't do this, 0:20:12.440 --> 0:20:16.760 I'm too busy whatever. That's again just another excuse, another 0:20:16.800 --> 0:20:20.280 reason that blocks us from having margin. When we think 0:20:20.320 --> 0:20:22.920 that way, we're not giving ourselves credit. We're not giving 0:20:22.920 --> 0:20:26.240 ourselves the ability to use our own agency that we 0:20:26.280 --> 0:20:29.720 actually do have in order to make decisions that will 0:20:29.800 --> 0:20:33.000 change the narrative in the future. And I'm telling you, man, 0:20:33.040 --> 0:20:35.080 we we have so many interesting people on our show. 0:20:35.440 --> 0:20:39.359 Some people have lived these just incredible lives that seem 0:20:39.480 --> 0:20:42.280 I think at the surface, like, how in the world 0:20:42.320 --> 0:20:44.119 could I do that? How in the world could I 0:20:44.280 --> 0:20:46.439 get to the point where I'm like this thirty one 0:20:46.520 --> 0:20:48.960 year old retiree. And we don't bring those people on 0:20:49.000 --> 0:20:51.199 the show in order to to shame you, to make 0:20:51.240 --> 0:20:54.080 it you seem like you've made poor money decisions in 0:20:54.119 --> 0:20:55.840 your life. I think ultimately, what we try to do, 0:20:55.880 --> 0:20:57.679 Matt is we try to dig into the story and 0:20:57.720 --> 0:21:00.240 we try to say, how did this person who is 0:21:00.440 --> 0:21:03.680 ordinary who made an ordinary income, who ended up doing 0:21:03.680 --> 0:21:07.720 something completely extraordinary. How did those lines connect? And that, 0:21:07.840 --> 0:21:10.040 to me is why the interview shows are so important. 0:21:10.359 --> 0:21:13.320 Is it's helping us see that somebody was able to 0:21:13.440 --> 0:21:16.399 do something beyond what it looks like they should have 0:21:16.440 --> 0:21:19.080 been able to accomplish. And for all those people that 0:21:19.119 --> 0:21:21.360 we've brought on who have accomplished something great, it would 0:21:21.359 --> 0:21:25.879 have been really easy, probably five thousand times throughout the 0:21:25.920 --> 0:21:28.679 process of getting to where they and ultimately ended up 0:21:28.680 --> 0:21:32.480 getting to throw an excuse in the bucket and to 0:21:32.520 --> 0:21:35.120 tap out and to say, you know what, it's too much, 0:21:35.240 --> 0:21:37.680 I can't do it. And I'm not saying it's always easy. 0:21:37.880 --> 0:21:40.800 It's it's not always easy. Sometimes these decisions and pushing 0:21:40.800 --> 0:21:43.200 through are really difficult. Yeah, I don't know. I feel 0:21:43.200 --> 0:21:45.040 like I just want on a tangent with that. But 0:21:45.119 --> 0:21:47.680 I love kind of those stories. I love the interviews 0:21:47.760 --> 0:21:50.760 for that reason. And when I think about business, I 0:21:50.760 --> 0:21:53.959 think of it as an excuse that prevents us from 0:21:54.000 --> 0:21:57.760 being able to achieve what we ultimately do want to achieve. Yeah, man, no, 0:21:57.840 --> 0:21:59.480 I'm with you. I think the different stories that we 0:21:59.520 --> 0:22:02.119 hear from oaks who are succeeding in doing great, you know, 0:22:02.160 --> 0:22:03.920 things with their money and great things with their time. 0:22:04.200 --> 0:22:07.120 It should be encouraging for us because they have consistently 0:22:07.359 --> 0:22:10.000 not used business as an excuse in the first step 0:22:10.040 --> 0:22:12.119 to them getting to where they are is financial margin. 0:22:12.200 --> 0:22:14.000 I also think it's important for us to recognize that 0:22:14.080 --> 0:22:17.600 there might be individual circumstances where somebody might be in 0:22:18.240 --> 0:22:21.399 more of a crisis situation that would also not allow 0:22:21.440 --> 0:22:24.639 them to have margin. Right Like, sometimes people have paused 0:22:24.680 --> 0:22:26.840 long enough to assess what it is that they're spending 0:22:26.880 --> 0:22:28.680 their time and their money on. You know, we are 0:22:28.760 --> 0:22:31.959 being thoughtful, but we have to keep paddling and kicking 0:22:32.160 --> 0:22:34.600 in order to stay afloat. Sometimes there's just not that 0:22:34.680 --> 0:22:37.760 luxury of being able to you know, stop and not 0:22:37.840 --> 0:22:39.920 work for a while, or to you know, to stop 0:22:39.960 --> 0:22:42.320 and just think. That's a tough spot to be in. 0:22:42.440 --> 0:22:44.679 But I do want to acknowledge that there are situations 0:22:44.720 --> 0:22:47.640 like that that do exist. So if you are living 0:22:47.640 --> 0:22:51.159 paycheck to paycheck after major attempts at creating more margin 0:22:51.240 --> 0:22:53.280 in your life, but you need outside help. Listen back 0:22:53.280 --> 0:22:55.560 to episode seventy three. That's when we talked about you know, 0:22:55.680 --> 0:22:58.600 escaping living paycheck to paycheck, and even look at your 0:22:58.800 --> 0:23:02.240 local neighborhood or government and religious organizations for different types 0:23:02.240 --> 0:23:05.240 of assistance that they might provide your local NFCC chapter. 0:23:05.240 --> 0:23:08.040 It can also help with you know, budget counseling, helping 0:23:08.040 --> 0:23:10.680 you to create a debt repayment plan. There are resources 0:23:10.760 --> 0:23:12.000 that are out there that can kind of help you 0:23:12.040 --> 0:23:14.560 along your way. But just know that you are not alone. Yeah. 0:23:14.600 --> 0:23:16.800 I think that's so important to note, Matt, because there 0:23:16.840 --> 0:23:20.080 are people who whether it's running away from an unhealthy 0:23:20.119 --> 0:23:23.200 relationship and maybe you've got multiple kids and it was 0:23:23.240 --> 0:23:24.640 the right move for you to make, but it puts 0:23:24.640 --> 0:23:26.520 you in this position where you have to work multiple 0:23:26.560 --> 0:23:28.320 jobs and you don't have any margin. You don't have 0:23:28.359 --> 0:23:29.800 the margin you want to be able to spend that 0:23:29.840 --> 0:23:31.520 time with the kids that you long for. You're in 0:23:31.520 --> 0:23:35.080 this just unfortunate position where you're just making ends meet. Yeah, 0:23:35.200 --> 0:23:36.960 Or I mean even if you're just a single individual, 0:23:37.080 --> 0:23:39.240 right and maybe like you have what looks to be 0:23:39.440 --> 0:23:42.600 a solid job and you're, you know, a new graduate, 0:23:42.640 --> 0:23:44.520 but guess what, You've got tons of debt and you're 0:23:44.600 --> 0:23:45.960 you know, up to your eyeballs in it, and you 0:23:45.960 --> 0:23:47.920 just don't know what to do. Yeah, and you're living 0:23:47.960 --> 0:23:50.080 alone maybe right now, and you ran, you haven't figured 0:23:50.119 --> 0:23:52.199 out the roommate thing, you haven't met someone that you 0:23:52.200 --> 0:23:56.240 feel comfortable living with. They're all sorts of difficult situations 0:23:56.600 --> 0:23:58.439 that people might be in, and it is important to 0:23:58.480 --> 0:24:00.639 note that there's help out there for people that are 0:24:00.640 --> 0:24:03.240 in different situations. And and you know what, there's not 0:24:03.280 --> 0:24:06.000 a one size fits all go to this website, go 0:24:06.160 --> 0:24:08.520 turn to this program for help, but for people in 0:24:08.560 --> 0:24:11.919 all sorts of different scenarios that have different needs. We 0:24:11.960 --> 0:24:13.720 live in a country where there are a lot of 0:24:13.760 --> 0:24:16.200 resources and a lot of free resources for people in need. 0:24:16.440 --> 0:24:19.399 And so yeah, NFCC in particular NFCC dot org for 0:24:19.440 --> 0:24:22.400 people who do need that budget counseling or debt repayment help. 0:24:22.680 --> 0:24:24.520 That's one of our favorite places to help people turn. 0:24:24.760 --> 0:24:28.200 I truly believe that our country is really a fantastic 0:24:28.200 --> 0:24:31.440 place to live in large part because of local community 0:24:31.480 --> 0:24:35.760 and neighborhood organizations that are always reaching out to help 0:24:35.840 --> 0:24:38.960 a neighbor in need. And man that is truly matt 0:24:39.440 --> 0:24:42.959 something that that sets our country apart the philanthropic efforts 0:24:42.960 --> 0:24:46.200 of just individual everyday Americans. The way that we give 0:24:46.320 --> 0:24:49.600 and help people around us, it's super impressive. And so yeah, 0:24:49.600 --> 0:24:51.800 I would just say, if you find yourself butting up 0:24:51.840 --> 0:24:54.320 against these limits, these upper limits of having zero margin 0:24:54.400 --> 0:24:56.960 and needing help, just don't be above asking for help, 0:24:57.000 --> 0:24:59.240 because that's really important thing to do when you're in 0:24:59.240 --> 0:25:02.120 that situation. Yeah, and so here's another question I think 0:25:02.119 --> 0:25:05.520 we can ask ourselves, which is are we afraid, like, 0:25:05.520 --> 0:25:07.760 are we actually afraid of of margin in our lives? 0:25:07.760 --> 0:25:10.359 Because it really feels like we are. I think margin 0:25:10.560 --> 0:25:13.120 feels like waste to lots of different people out there, 0:25:13.160 --> 0:25:15.679 like either wasted time or wasted money. We live in 0:25:15.680 --> 0:25:18.879 a hyperactive and over committed culture where every second and 0:25:18.920 --> 0:25:21.280 every dollar is double booked. We're we're you know, we're 0:25:21.320 --> 0:25:24.200 scheduled to the hilt. We do try and multitask ourselves, 0:25:24.280 --> 0:25:27.120 and you know that often leads to poor results all around. 0:25:27.560 --> 0:25:29.320 But I think what we've found is that we can't 0:25:29.359 --> 0:25:31.359 multitask our money. You can't say that this money, you 0:25:31.400 --> 0:25:33.719 know that this dollar is going to go towards my future, 0:25:34.000 --> 0:25:35.760 but it's also going to go towards you know, me 0:25:35.840 --> 0:25:38.920 spending it right now. It's just not possible. Optimization is 0:25:39.040 --> 0:25:40.800 fine in a lot of aspects of life. I think 0:25:40.840 --> 0:25:43.000 it's something that we we rightly strive for in a 0:25:43.000 --> 0:25:46.400 lot of areas of our life. But we're over optimizers, 0:25:46.400 --> 0:25:50.000 were too intent on optimization because a lot of our 0:25:50.040 --> 0:25:52.320 lives are are supposed to be removed from the hustle 0:25:52.359 --> 0:25:55.280 and bust well spent in ways that are meaningful apart 0:25:55.320 --> 0:25:58.440 from work. And so I think that optimization mindset can 0:25:58.480 --> 0:26:01.040 be can get kicked over drive and can be really, 0:26:01.040 --> 0:26:04.800 really unhealthy for us. I think margin is stillness. It's 0:26:04.800 --> 0:26:07.520 embracing some quiet in our lives. And when it comes 0:26:07.520 --> 0:26:11.000 to our personal finances, margin looks like cash that's parked 0:26:11.040 --> 0:26:13.920 in a high interest savings account. Don't spend it, don't 0:26:13.920 --> 0:26:15.800 invest it, just let it be. Let it be there 0:26:16.280 --> 0:26:19.440 as a buffer for you to provide you with some 0:26:19.600 --> 0:26:22.000 security and some peace of mind. So on that notemat. 0:26:22.119 --> 0:26:24.760 We've got some tips, some specific ways for folks to 0:26:24.800 --> 0:26:27.360 help create more margin in their lives, and we'll get 0:26:27.400 --> 0:26:38.639 to those right after the break. All right, man, we 0:26:38.680 --> 0:26:40.520 are back to the break, and we're talking about margin 0:26:40.560 --> 0:26:43.040 in our lives, and specifically we're gonna talk about how 0:26:43.119 --> 0:26:45.280 to create more margins. You know, some people when they 0:26:45.320 --> 0:26:47.680 hear the word margin, they hear the word margarine and 0:26:47.880 --> 0:26:50.239 margin kind of like butter. The margin is very different, though, 0:26:50.280 --> 0:26:52.000 are you saying that? Because when I say margin, it 0:26:52.000 --> 0:26:54.879 sounds like marginin no, no, no, no, but I swear 0:26:55.080 --> 0:26:57.520 to create butter. Sometimes I feel like I've I've said 0:26:57.520 --> 0:26:59.359 the word margin and people are like, you mean like 0:26:59.440 --> 0:27:01.119 the butter sub institude, And I'm like, no, no, no, 0:27:01.119 --> 0:27:05.199 no no, it's I can't believe you look like Fabio 0:27:05.240 --> 0:27:07.280 when you say that. It's taking me back to the 0:27:07.320 --> 0:27:10.160 nineties right there. You know, he was on a roller 0:27:10.160 --> 0:27:12.520 coaster and a bird hit him in the face. Really, yeah, 0:27:12.560 --> 0:27:15.920 that's like the old Fabio story got to get like, yeah, 0:27:15.920 --> 0:27:17.840 you had to get surgery for his nose and stuff 0:27:17.880 --> 0:27:20.160 like that. I don't think I remember that. You feel 0:27:20.160 --> 0:27:22.639 like I should know that. That's funny, all these nineties 0:27:22.680 --> 0:27:26.200 thoughts are coming back. But yeah, let's talk about creating margin. 0:27:26.320 --> 0:27:28.399 We mentioned this earlier, but we have to be proactive 0:27:28.440 --> 0:27:32.240 and create the framework to foster the growth of margarine. 0:27:32.680 --> 0:27:35.920 Just kidding. Margin in our lives, right, If we don't 0:27:35.920 --> 0:27:39.000 self imposed margin into our routines or into our schedules, 0:27:39.000 --> 0:27:41.720 other things will seep in and those things will fill 0:27:41.800 --> 0:27:44.840 any void that we leave exposed. So to get started, 0:27:44.880 --> 0:27:46.480 one of the first things that we'd recommend is to 0:27:46.880 --> 0:27:49.199 think about an ideal budget. When it comes to our 0:27:49.200 --> 0:27:50.760 money and when it comes to our time, think about 0:27:50.760 --> 0:27:53.920 in an ideal week and then actually write those things down. 0:27:54.200 --> 0:27:56.800 We all have money constraints and we have time constraints 0:27:56.840 --> 0:27:58.320 as well. But the thing is with time is we 0:27:58.359 --> 0:28:01.000 all have the same amount of time. But I think 0:28:01.040 --> 0:28:03.600 looking at the ideal that can help us to decide 0:28:03.720 --> 0:28:05.800 where to put our focus this year, especially if you 0:28:05.800 --> 0:28:07.720 have no clue as far as you know what step 0:28:07.760 --> 0:28:10.320 to take first. Yea, some of us are ideal is 0:28:10.320 --> 0:28:13.560 going to look, you know, not terribly far off from 0:28:13.560 --> 0:28:15.760 where we currently are, and others of us, it's gonna 0:28:15.760 --> 0:28:18.960 look drastically different, and it's gonna look like we're working 0:28:19.000 --> 0:28:21.520 too much. It's gonna look like our lifestyle is just 0:28:21.560 --> 0:28:25.040 too unhealthy and so but having that ideal in writing Matt, Yeah, 0:28:25.040 --> 0:28:27.240 at least gives us kind of this goal that we're 0:28:27.240 --> 0:28:30.200 aiming for and helps us kind of see exactly where 0:28:30.200 --> 0:28:32.560 we are. At the same time, another way to create 0:28:32.560 --> 0:28:35.639 more margin is to pick your priorities. It's easy for 0:28:35.760 --> 0:28:37.520 us to say that we don't have time for something. 0:28:37.840 --> 0:28:40.520 But again Laura Vanderkamp comes up. We love her and 0:28:40.520 --> 0:28:44.040 what she says about time prioritization, Well, Laura says is 0:28:44.120 --> 0:28:48.000 that saying that we don't have time for something really 0:28:48.040 --> 0:28:50.360 just means that we're saying it isn't a priority for us. 0:28:50.680 --> 0:28:52.800 We have time for the things that we truly value. 0:28:53.080 --> 0:28:54.920 So now is a great time to start picking your 0:28:54.920 --> 0:28:58.120 main priorities and giving them plenty of room on your 0:28:58.160 --> 0:29:01.280 calendar and in your budget. Everything can't be a priority. 0:29:01.360 --> 0:29:04.080 Of course, it might be difficult to pick just three 0:29:04.160 --> 0:29:07.760 to five priorities for your time that day, or only 0:29:07.760 --> 0:29:10.600 a couple of areas to expand your budget. But if 0:29:10.640 --> 0:29:13.600 everything is a priority, you'll find that nothing truly is 0:29:13.720 --> 0:29:16.640 in your life. It's necessary to work down and whittle 0:29:16.680 --> 0:29:19.080 your priority list and make the hard cuts that are 0:29:19.080 --> 0:29:21.920 necessary on both fronts. Matt, A long time ago, we 0:29:21.960 --> 0:29:25.200 did this episode called the Why behind Money, and I 0:29:25.200 --> 0:29:29.920 specifically noted three things that my family is really prioritizes 0:29:30.000 --> 0:29:33.120 are spending just three kind of random areas that we 0:29:33.680 --> 0:29:36.400 put highly on our list. And you know, two of 0:29:36.440 --> 0:29:38.400 those are still the same, and one of those is 0:29:38.440 --> 0:29:40.840 kind of changed. We don't really prioritize international travel like 0:29:40.880 --> 0:29:42.840 we did. We've got three kids now, it's just not possible. 0:29:43.080 --> 0:29:44.480 It just doesn't make sense for us and the way 0:29:44.480 --> 0:29:47.320 we're currently living life. But it's just kind of interesting 0:29:47.320 --> 0:29:50.640 how that has really informed the way we spend and 0:29:50.720 --> 0:29:54.200 it's informed the way we enjoy those things too. So, yeah, 0:29:54.200 --> 0:29:56.520 if you pick your priorities and kind of stick to those, 0:29:56.560 --> 0:29:59.160 funnel your time and your budget accordingly, it makes a 0:29:59.160 --> 0:30:01.840 big difference. Yeah, being proactive like that can kind of 0:30:01.880 --> 0:30:03.880 give you some of that direction even when you are 0:30:04.240 --> 0:30:06.600 what feels like crazy busy and you can't give it 0:30:06.640 --> 0:30:08.880 the thought in the moment, But when you know you 0:30:08.960 --> 0:30:11.040 kind of have this overarching mission or these goals that 0:30:11.080 --> 0:30:13.360 you're trying to achieve, that can totally point you in 0:30:13.400 --> 0:30:15.760 the right direction. Another thing that we would suggest is 0:30:15.800 --> 0:30:18.480 to set actual boundaries, right Like, once you've identified your 0:30:18.480 --> 0:30:21.800 different priorities, create some boundaries around those things. So maybe 0:30:21.840 --> 0:30:24.720 you want financial margin, but you have trouble spending too 0:30:24.840 --> 0:30:28.480 much on Amazon right while you're readombly shopping before you 0:30:28.520 --> 0:30:30.640 fall asleep in bed, we'll put your phone in another 0:30:30.720 --> 0:30:33.040 room before going to bed, Or maybe you have trouble 0:30:33.080 --> 0:30:35.560 sticking to, you know, your grocery budget for that month, 0:30:35.640 --> 0:30:37.479 or even sticking to a shopping list if you go 0:30:37.560 --> 0:30:39.640 into the grocery store, Well, in that case, you can 0:30:39.680 --> 0:30:42.760 try a grocery pickup service so that you can actually 0:30:43.000 --> 0:30:45.000 stick to the list. You know, if you can create 0:30:45.000 --> 0:30:47.520 specific actions that will lead to whatever it is that 0:30:47.560 --> 0:30:49.640 you're trying to accomplish. I don't think of those things 0:30:49.640 --> 0:30:52.240 as restricting or you know, maybe as a total kill joy, 0:30:52.280 --> 0:30:54.040 but realize that these are the different things that you 0:30:54.080 --> 0:30:57.160 want accomplished. This is you trying to whip yourself in shape. 0:30:57.320 --> 0:31:00.560 So if there are different strategies or apps or services 0:31:00.560 --> 0:31:02.880 that you can utilize to help you achieve those things, well, 0:31:02.920 --> 0:31:05.320 by all means, use those. Yeah, man. I feel like 0:31:05.520 --> 0:31:07.760 I mentioned, I don't know, like a few months ago, 0:31:08.080 --> 0:31:11.760 that that we're doing the Kroger the grocery pickup, and 0:31:11.800 --> 0:31:14.320 it doesn't cost anymore. The groceries don't cost anymore, and 0:31:14.360 --> 0:31:16.680 the pickup at least for the most part, is free. 0:31:16.680 --> 0:31:18.760 I think I think it used to cost five bucks 0:31:18.800 --> 0:31:20.960 at least for right now pick up is completely free, 0:31:20.960 --> 0:31:23.040 so it doesn't add even a dime to our grocery bill. 0:31:23.360 --> 0:31:25.800 It saves us time, but more than anything, it does 0:31:25.880 --> 0:31:28.640 save us from buying random things, and so it helps 0:31:28.720 --> 0:31:31.000 us really stick to that list. So it's been it's 0:31:31.000 --> 0:31:32.719 been great for us. And I think we heard feedback 0:31:32.760 --> 0:31:34.880 that Walmart a lot of folks do some something similar 0:31:34.880 --> 0:31:37.320 to Walmart. So yeah, there are tons of options out 0:31:37.320 --> 0:31:40.239 there for you to to set boundaries. Whether it's your 0:31:40.240 --> 0:31:43.240 grocery bill, whether it's your your shopping habits. There are 0:31:43.320 --> 0:31:45.120 boundaries that you need to put in place. They can 0:31:45.120 --> 0:31:47.520 really just help you not go overboard so that you 0:31:47.560 --> 0:31:50.760 can have more margin in your life. And another way 0:31:50.760 --> 0:31:52.920 to create more margin in your life is to stop 0:31:52.960 --> 0:31:56.400 over committing. Filling your day or your budget with too 0:31:56.400 --> 0:31:58.960 many things means margin is gonna be hard to come by. 0:31:59.240 --> 0:32:02.480 By learning how to know more often and Matt, I'll 0:32:02.520 --> 0:32:04.360 readily admit it, this is one I need to do 0:32:04.440 --> 0:32:07.080 better at. It will help you fence those areas of 0:32:07.080 --> 0:32:09.760 your life that are meaningful. It's easy to say yes 0:32:09.800 --> 0:32:11.360 to people write it. I don't know, at least for me. 0:32:11.440 --> 0:32:14.600 I'm kind of a people pleaser. When someone asks me 0:32:14.680 --> 0:32:16.680 for something, I usually I just want to help. I 0:32:16.680 --> 0:32:18.720 want to oblige but I have to practice saying no 0:32:18.840 --> 0:32:21.200 because it ultimately that helps me to be able to 0:32:21.240 --> 0:32:23.880 prioritize my time better and do the things that really 0:32:23.960 --> 0:32:25.920 mean the most to me. I would say for folks 0:32:25.960 --> 0:32:28.040 when it comes to their money, practice saying no to 0:32:28.120 --> 0:32:31.480 spending more frequently and practicing no to the things that 0:32:31.560 --> 0:32:35.720 don't align with your time priorities. It becomes empowering and 0:32:35.800 --> 0:32:38.920 you begin to see the fruit of saying no is 0:32:39.000 --> 0:32:41.360 that you do have more time and more money than 0:32:41.440 --> 0:32:43.320 to spend on those things that you did say that 0:32:43.360 --> 0:32:46.719 you prioritized. You weren't just committing willy nilly to everything 0:32:46.760 --> 0:32:49.440 that was put in front of you. You curated those things, 0:32:49.560 --> 0:32:52.560 and you made time for the things that you said 0:32:52.760 --> 0:32:54.680 were most important to you. So yeah, I don't know. 0:32:54.880 --> 0:32:57.520 That's another goal of mine inies to get better at that, 0:32:57.840 --> 0:32:59.080 you know. On the service, I feel like you and 0:32:59.080 --> 0:33:01.400 I are real similar in a lot of ways. But 0:33:01.480 --> 0:33:03.000 what's interesting here is that this is one way that 0:33:03.040 --> 0:33:06.080 you and I think are total opposites. Personality wise. We're 0:33:06.360 --> 0:33:08.479 very very different people. I think. I don't know if 0:33:08.520 --> 0:33:11.640 like our listeners know that paper were very similar. But 0:33:11.680 --> 0:33:13.520 when it comes to how you and I operate, and 0:33:13.560 --> 0:33:15.760 so for me, it's really easy for me to say 0:33:15.760 --> 0:33:19.800 no to individuals or like events or just different things 0:33:19.840 --> 0:33:21.920 that might make their way onto my calendar. I'm just like, no, 0:33:21.920 --> 0:33:23.040 I don't want to go to that, Like I don't 0:33:23.040 --> 0:33:24.200 want to do that. I don't want to do that. 0:33:24.440 --> 0:33:27.640 Maybe because I'm just selfish, right but but dude, something 0:33:27.640 --> 0:33:30.240 I've realized, I think maybe more recently, is that it 0:33:30.320 --> 0:33:33.640 is harder for me to say no to expenses. It's 0:33:33.680 --> 0:33:35.800 harder to say no to different things I want to 0:33:35.800 --> 0:33:38.480 buy or that our family wants to purchase. In the past, 0:33:38.520 --> 0:33:40.120 I would have said that, like, no, I'm pretty much 0:33:40.120 --> 0:33:42.320 a savor you know. I don't spend a ton, but 0:33:42.560 --> 0:33:45.160 there are ways in which we do spend money that 0:33:45.360 --> 0:33:47.280 I'm not going out and racking up credit card debt. 0:33:47.440 --> 0:33:48.960 And I don't have a car payment right with with 0:33:49.000 --> 0:33:50.720 two cars in the driveway that I don't really need. 0:33:50.920 --> 0:33:53.520 But I am seeing that in other ways where I 0:33:53.520 --> 0:33:55.880 can kind of maybe challenge myself to say no to 0:33:56.080 --> 0:33:58.080 some of the different expenses that come up in my life. 0:33:58.200 --> 0:34:00.360 When I kind of feel that, I just serve that 0:34:00.680 --> 0:34:03.120 I convinced myself that I'm not treating myself to it, 0:34:03.360 --> 0:34:05.680 but then I've earned it because you know, I work 0:34:05.760 --> 0:34:08.879 hard and therefore I deserve this. And I think that's 0:34:08.920 --> 0:34:11.640 the problem. Right, So many people fall into that trap, 0:34:11.960 --> 0:34:13.560 and it's almost kind of odd for me to admit this, 0:34:13.600 --> 0:34:15.360 But I think I've sort of realized that about myself 0:34:15.360 --> 0:34:17.560 maybe over the past six months or so, that you know, 0:34:17.640 --> 0:34:19.359 this is something I need to maybe have my eyes 0:34:19.440 --> 0:34:21.839 open to a little bit more. Is that I am 0:34:21.880 --> 0:34:24.360 more prone to this than I actually realized. Yeah, I 0:34:24.360 --> 0:34:26.480 think it's astute to to realize that about yourself. And 0:34:26.480 --> 0:34:29.040 I think we all have that tendency at least to 0:34:29.040 --> 0:34:32.440 to reward ourselves based on good behavior or whatever to 0:34:32.600 --> 0:34:35.600 justify a purchase. And and ultimately what we're doing is 0:34:35.640 --> 0:34:40.120 we're harming our our ability to actually achieve the goals 0:34:40.160 --> 0:34:42.080 that we the bigger goals that we have in mind, 0:34:42.360 --> 0:34:44.840 and we're harming our ability to create that margin in 0:34:44.840 --> 0:34:48.600 our lives that's so important by saying yes to a purchase, 0:34:48.719 --> 0:34:52.239 by saying yes and committing time to people or events 0:34:52.280 --> 0:34:54.600 that shouldn't be a priority in our lives. And so yeah, 0:34:54.640 --> 0:34:57.400 I think for me, stop over committing is definitely one 0:34:57.400 --> 0:34:59.920 of those takeaways that I want to put more in 0:35:00.040 --> 0:35:02.920 to my life because I think it's gonna help me 0:35:02.960 --> 0:35:06.200 have a better with my family and with my friends, 0:35:06.200 --> 0:35:08.480 and then ultimately too with my budget. Yeah, you stop 0:35:08.480 --> 0:35:11.839 over committing and I'll stop overspending. All right. Well, it's 0:35:11.840 --> 0:35:14.200 funny too that you mentioned goals, because I think a 0:35:14.200 --> 0:35:16.160 lot of times folks might hear what we're talking about 0:35:16.160 --> 0:35:18.319 and they think it just sounds like simple goal setting, Right. 0:35:18.680 --> 0:35:21.239 I think goal setting can be good, especially for right now, 0:35:21.280 --> 0:35:23.600 because it can be clear and identifiable. Right, Like we 0:35:23.600 --> 0:35:26.359 talked about the emergency fund two four six seven, Like, 0:35:26.440 --> 0:35:28.640 that's the amount that you need to to focus on, 0:35:28.880 --> 0:35:31.880 and by achieving that, there are numerous benefits to having 0:35:31.920 --> 0:35:34.879 that much set aside in your savings account. But over time, 0:35:35.160 --> 0:35:38.359 transformational change like that is what we're actually looking for. 0:35:38.600 --> 0:35:41.000 Right As you knock out some of these simple and 0:35:41.040 --> 0:35:44.480 easier goals, right, these different goals that are easy to identify, 0:35:44.640 --> 0:35:47.160 then you can be more thoughtful and intentional with your 0:35:47.200 --> 0:35:49.920 time and with your money because you then have the space. 0:35:50.320 --> 0:35:53.080 It's hard to make intentional decisions with our time and 0:35:53.120 --> 0:35:56.440 with our money without margin. Without margin, we're not thinking 0:35:56.440 --> 0:35:59.800 we're only executing or a lot of times we're reacting. 0:35:59.840 --> 0:36:01.840 It often feel like the state of consumer debt and 0:36:01.880 --> 0:36:05.080 over consumption that so many folks find themselves in. But 0:36:05.120 --> 0:36:08.000 with margin, you know, we do have that agency, and 0:36:08.040 --> 0:36:10.200 we have that ability to be proactive and to be 0:36:10.200 --> 0:36:11.879 able to take control of our lives, not just our 0:36:11.880 --> 0:36:14.640 financial lives, but just how we spend our time as well. Yeah, 0:36:14.680 --> 0:36:16.759 so we gave that analogy kind of earlier on in 0:36:16.760 --> 0:36:19.680 the show about the shoulder and how margin is kind 0:36:19.719 --> 0:36:21.759 of that shoulder on the highway kind of giving you 0:36:22.200 --> 0:36:24.719 that ability to veer off the road just a little 0:36:24.719 --> 0:36:27.120 bit and then you kind of get back on track. Well, 0:36:27.239 --> 0:36:30.239 let's give another highway analogy here, Matt. Ultimately, it's tough 0:36:30.280 --> 0:36:33.640 to keep revving your engine at highway speeds every moment 0:36:33.680 --> 0:36:36.120 of the day and night, but it's necessary for so 0:36:36.160 --> 0:36:38.080 many of us due to a lack of margin. Like 0:36:38.120 --> 0:36:41.080 we can't stop pushing the gas because we don't have 0:36:41.120 --> 0:36:43.560 any alternative, because we don't have any margin built into 0:36:43.560 --> 0:36:46.600 our lives. I think that's why, you know, we felt 0:36:46.640 --> 0:36:49.840 compelled to talk about this. Let's make gaining more financial 0:36:49.880 --> 0:36:52.560 in life margin an overarching goal for all of us 0:36:52.560 --> 0:36:55.400 in and we'll do our best here at how the 0:36:55.480 --> 0:36:57.600 money to give you thoughtful ways to help you achieve 0:36:57.680 --> 0:37:00.759 that goal this year. It's something we're shooting for four 0:37:00.920 --> 0:37:03.319 more for ourselves in our own lives, and it's something 0:37:03.360 --> 0:37:05.560 that we desire for all of you out there, like 0:37:05.600 --> 0:37:08.640 we want you to be able to have more financial 0:37:08.719 --> 0:37:11.760 and time margin so that you can spend your life 0:37:11.760 --> 0:37:15.560 in a way that resonates more with your actual values 0:37:15.719 --> 0:37:18.840 and your actual goals that you're that you're hoping to achieve. 0:37:18.920 --> 0:37:19.960 We're going back to her, now, do you what are 0:37:19.960 --> 0:37:21.719 you talking about reving your engine? Because you got that 0:37:21.760 --> 0:37:24.920 electric car? You mean, like that electric buzz I don't know, 0:37:24.920 --> 0:37:27.759 how do you describe the yeah, yeah, exactly, it's like 0:37:27.800 --> 0:37:30.640 the word yeah. I know. Electric vehicle makers are working 0:37:30.719 --> 0:37:33.759 on fake engine sounds for electric cars, and I can 0:37:33.800 --> 0:37:36.160 see that being a necessary thing because there's so many 0:37:36.239 --> 0:37:38.359 terrible stories about folks are getting hit man, yeah, getting 0:37:38.400 --> 0:37:39.960 hit by electric cars because they don't know what they're 0:37:39.960 --> 0:37:43.080 coming because they are so dang silent. By the way, 0:37:43.080 --> 0:37:45.160 on that note, it always makes me think I've joked 0:37:45.160 --> 0:37:48.120 with Emily about this. What about these like old schools 0:37:48.120 --> 0:37:50.839 song lyrics to talk about reving the engine, running out 0:37:50.840 --> 0:37:52.239 of gas, all that kind of stuff, like, are they 0:37:52.239 --> 0:37:54.120 going to be completely iniquated in a few years when 0:37:54.160 --> 0:37:56.719 we're all driving electric vehicles? Maybe you know what song 0:37:56.760 --> 0:38:00.239 won't be iniquated is Tracy Chapman's I've Got a Fast Car. Yeah, 0:38:00.440 --> 0:38:02.560 because I don't think they talk about running out of gas. 0:38:02.719 --> 0:38:05.560 It's just about having a fast carl. Totally fits a 0:38:05.560 --> 0:38:09.120 bit on that it doesn't matter if it's electric or 0:38:09.120 --> 0:38:11.680 gasoline powered. Yeah, yeah, all right, Matt, Let's get back 0:38:11.680 --> 0:38:13.640 to the beer that we had on the show today. 0:38:13.719 --> 0:38:16.960 We drank a beer called Visible World by Modern Time 0:38:17.000 --> 0:38:19.560 Screwing Company. What were your thoughts on this beer? Man? Well, first, man, 0:38:19.600 --> 0:38:21.279 I wanted to say, what do you think about this can? 0:38:21.400 --> 0:38:23.759 Because I think so often times the label and I 0:38:23.800 --> 0:38:27.200 can can influence how you perceive the beer. And it's 0:38:27.239 --> 0:38:30.160 totally got this seventies tippy trippy thing kind of going 0:38:30.200 --> 0:38:32.560 on with the colors, the waves kind of back and forth. 0:38:32.600 --> 0:38:34.000 It's s hary to describe, but we'll definitely put a 0:38:34.000 --> 0:38:35.640 picture up on our website. Yeah, No, I mean, I 0:38:35.719 --> 0:38:37.640 love the Modern Times labels, by the way, and this 0:38:37.680 --> 0:38:41.840 one is definitely super cool too. They're almost like simple 0:38:41.920 --> 0:38:43.560 and complex at the same time. I don't know how 0:38:43.560 --> 0:38:45.320 to describe it. Well there, I mean they're they're simple, 0:38:45.320 --> 0:38:47.520 but there it's just well designed. Yeah, well designed, always 0:38:47.520 --> 0:38:49.719 well designed. And yeah I like the label, but I 0:38:49.840 --> 0:38:51.359 like the beer so much too. I feel like it 0:38:51.360 --> 0:38:54.040 it tasted. You know, we talk about sometimes beers tasting 0:38:54.120 --> 0:38:56.800 like orange juice in that vein, but this one, to 0:38:56.880 --> 0:38:59.480 me was like almost straight up orange juice. Like it 0:38:59.800 --> 0:39:02.200 really more than any other beer we've ever had. It's 0:39:02.200 --> 0:39:05.160 this double I p a that had the sweetness of 0:39:05.360 --> 0:39:08.799 oranges but also just kind of that whatever hopster they 0:39:08.880 --> 0:39:10.680 used to make this beer. I'm not sure which ones 0:39:10.719 --> 0:39:13.399 they were, but they had their straight up orange vibe 0:39:13.440 --> 0:39:15.239 going on throughout it. I thought it was a really 0:39:15.280 --> 0:39:17.120 good beer. Yeah, orange juice, but kind of with that 0:39:17.200 --> 0:39:20.319 hoppy zip to it, which specifically actually made me think 0:39:20.360 --> 0:39:23.960 of Sunny D. Did you ever drink sunny D growing up? Yeah, 0:39:25.040 --> 0:39:27.919 sort of orange juice but also sort of soft drink. 0:39:27.520 --> 0:39:30.319 Would I be a red blooded American human if I 0:39:30.320 --> 0:39:32.560 hadn't drunk sunny D when I was a kid? Did 0:39:32.600 --> 0:39:34.280 sunny do you have like a little bit of carbonation 0:39:34.320 --> 0:39:36.439 in it? I don't think so like it had something 0:39:36.480 --> 0:39:38.880 in it that made it seem kind of like tingly 0:39:39.239 --> 0:39:42.400 maybe you think, I think, which no, not also a 0:39:42.400 --> 0:39:45.040 fantastic beverage. You've had that before. I'm talking specifically about 0:39:45.040 --> 0:39:47.080 Sunny D. I don't think it had any carbonation. Maybe 0:39:47.280 --> 0:39:48.719 there's just so much sugar n that it kind of 0:39:48.760 --> 0:39:51.200 like crystallized on your tongue a little bit. Probably that 0:39:51.320 --> 0:39:53.920 coupled with the sweetness you know that you get from 0:39:53.960 --> 0:39:57.160 that orange double I p a flavor. It was very, 0:39:57.280 --> 0:39:59.600 very delicious, but to me totally kind of had that 0:40:00.160 --> 0:40:02.840 just orange shoese vibe going on. But specifically Sunny D. 0:40:03.000 --> 0:40:04.920 Sunny D maybe felt like that kid in the commercial 0:40:05.000 --> 0:40:07.600 coming in on the skateboard being like, Mom, sunny D, 0:40:08.120 --> 0:40:10.920 where's my sunny d? App Mom? That's awesome, But I 0:40:10.920 --> 0:40:12.600 feel like that was the commercial. Yeah, it was something 0:40:12.640 --> 0:40:14.160 like I can pick in the back of the fridge. 0:40:14.200 --> 0:40:16.280 And now now you're reminding me of the Dave Chappelle's 0:40:16.320 --> 0:40:20.560 Get the Purple Drink. I feel like, yeah, they're Chappelle 0:40:20.640 --> 0:40:22.040 is so good. Maybe that's the next one we'll get 0:40:22.080 --> 0:40:24.759 from Modern Times, is their take on purple drink. That'd 0:40:24.760 --> 0:40:27.280 be awesome, all right, that's gonna do it for this episode, 0:40:27.280 --> 0:40:30.080 Matt Um And you know what. For Shure notes for 0:40:30.080 --> 0:40:32.680 this episode, you can go to our website how to 0:40:32.760 --> 0:40:35.040 money dot com and Joe, you know what. It's the 0:40:35.120 --> 0:40:39.239 year and there are a lot of podcasts out there, 0:40:39.400 --> 0:40:41.720 but not all of them are helpful. And so hopefully 0:40:41.880 --> 0:40:44.239 you have found this podcast helpful, and if you have, 0:40:44.400 --> 0:40:46.279 we would love for you to leave a review over 0:40:46.320 --> 0:40:49.400 at Apple Podcasts. If you aren't already subscribed, if you 0:40:49.400 --> 0:40:52.240 could subscribe wherever it is that you listen to your podcast, 0:40:52.560 --> 0:40:55.000 just that simple stuff of mashing that subscribe button that 0:40:55.120 --> 0:40:57.760 helps you to not miss any future episodes, you'll continue 0:40:57.800 --> 0:41:02.680 to get the dopest financial advice on the planet. So true, Alright, Matt, 0:41:02.719 --> 0:41:04.680 that's gonna be it for this episode. For folks that 0:41:04.680 --> 0:41:06.239 are new to the podcast, we always close it out 0:41:06.280 --> 0:41:09.160 by saying this best friends out, best Friends Out.