Speaker 1: Welcome to How the Money. I'm Joel and I'm Matt,
Speaker 1: and today we're discussing a new year with more margin. Yeah, Joel,
Speaker 1: a new year. Indeed, happy new Year to youth. He was, well,
Speaker 1: my friend, did you guys have a good holiday? Yeah? Man,
Speaker 1: it was great. Less time with family, left time with
Speaker 1: friends too at the same time, so it was idealist
Speaker 1: that's the best, right. Well, this is I think just
Speaker 1: the perfect time to talk about margin. Any percent of
Speaker 1: folks say that they're living paycheck to paycheck Americans, they
Speaker 1: are among the most stress and the entire world, and
Speaker 1: a lot of that has to do with not having
Speaker 1: enough margin in our lives. We're gonna talk about financial
Speaker 1: margin as well as some other ways to include margin
Speaker 1: in our lives. Yeah, man, I feel like margin is
Speaker 1: the word for for me. It's like the word when
Speaker 1: it comes to our fine answ is when it comes
Speaker 1: to my time, like all those kind of things like
Speaker 1: I want more margin brought back in to my life.
Speaker 1: And so we're gonna kind of tackle that. This is
Speaker 1: something that you and I are personally invested in. It's
Speaker 1: something that we care about most definitely. Yeah, And so
Speaker 1: I think it resonates with us on this deep personal level,
Speaker 1: and and then it has application not just to our time,
Speaker 1: but to our money as well. As we're gonna talk
Speaker 1: about that at the same time, Matt, before we get
Speaker 1: to that real quick, uh or over the holidays, our
Speaker 1: girls set up a hot chocolate and cookie stand in
Speaker 1: our neighborhood, and it was such a fun time getting
Speaker 1: to see our girls kind of step out there and
Speaker 1: do their first like entrepreneurial venture. Yeah. It was just
Speaker 1: like a little business there right on the sidewalk. Man.
Speaker 1: It's so cute. Yeah, I think. Yeah, they made what
Speaker 1: like thirty bucks something like that selling cookies. And how
Speaker 1: did they We haven't gotten our final cut yet. Oh
Speaker 1: all right, well we're gonna have to dish that out
Speaker 1: to you. Then well, well, look, does your oldest daughter
Speaker 1: to she use the cash app? Or should I just
Speaker 1: give her a hard cash? Yeah, she's got the Venmo okay,
Speaker 1: all right on her smartphone she's hit. Yeah. That was
Speaker 1: so fun though, man, And it's so fun to set
Speaker 1: something like that up in your neighborhood and just such
Speaker 1: a great way to kind of tea those money lessons.
Speaker 1: And then you know, we're preparing for a little trip
Speaker 1: to Disney World next month. Oh yeah, I'm not necessarily
Speaker 1: excited about it, although I've been told I should be.
Speaker 1: You know, when you first told me, I emailed back
Speaker 1: and I said, who even are you right? Yeah, No,
Speaker 1: it's it's not necessarily our jam. It's not kind of
Speaker 1: how we roll. But my mother in lawn, father in law,
Speaker 1: they're super into Disney and they're running a place, and
Speaker 1: so we're gonna stay with them, and we're gonna go
Speaker 1: to the park a couple of times. It's my girls
Speaker 1: are gonna love it. But that that was one of
Speaker 1: the things behind starting doing the stand was that I
Speaker 1: know my oldest daughter is going to want a bunch
Speaker 1: of things while we're there, and so this was the
Speaker 1: perfect opportunity to say money, you need to earn some
Speaker 1: of that spending money that you want to use while
Speaker 1: we're down there. So so I think she's excited. She's
Speaker 1: got some cash on hand, and we'll kind of give
Speaker 1: her an allotment of what she can spend each day.
Speaker 1: We'll provide a portion of that, she'll provide a portion
Speaker 1: of that, and then that will teach her a lesson.
Speaker 1: I think about the work that she had to do
Speaker 1: in order to have the money to buy the things
Speaker 1: that she wants while we're there. Yeah, well, both of
Speaker 1: our girls they're also in first grade, and so that's
Speaker 1: it was a perfect way for them to learned some math.
Speaker 1: And in a real life situation, people are always showing
Speaker 1: up with fight all our bills and they gotta break
Speaker 1: the five. So like, what's five minus one? Because the
Speaker 1: goods the cookies in the hot chocolate cost one dollar,
Speaker 1: so they got really good at saying five minus one
Speaker 1: is four. Well, they also learned about tipping because we
Speaker 1: have some generous neighbors. Yeah, there were a lot of
Speaker 1: lessons and a lot of It was a lot of
Speaker 1: fun at this cookie and hot chocolate stand and just
Speaker 1: perfect for the weather. It was. Yeah, such a fun time.
Speaker 1: I think we've even got a picture from that as well,
Speaker 1: So maybe we'll toss that up on the Instagram later on,
Speaker 1: no doubt. All right, man, let's mentioned the beer that
Speaker 1: we're having on the show today. This one's called Visible
Speaker 1: World by Modern Times. It's a double I p A
Speaker 1: and big thanks to my buddy Craig who sent this
Speaker 1: one our way. He's a brewer out there in California
Speaker 1: for Modern Times and man, they make some great beers.
Speaker 1: I'm really excited to have this one on the show
Speaker 1: with you today, my friend. Yeah, man, I'm looking forward
Speaker 1: to this one. I can already tell you that it's
Speaker 1: a little bit sweet because I took a sip, and
Speaker 1: that means I'm gonna like it. I like the sweet
Speaker 1: things in life. Yeah, you do. That's that's why you
Speaker 1: like our friendship? Is it sweet? I think so sweet
Speaker 1: and sour? All right, let's get onto the topic at hand.
Speaker 1: It's it's a new year, and I feel like a
Speaker 1: new year, of course, presents new possibilities for all of us.
Speaker 1: It's just easier for us to believe that a new
Speaker 1: narrative is possible for our lives as kind of the
Speaker 1: calendar turns and it is. We have the power to
Speaker 1: change our previous negative money associations, and we have the
Speaker 1: ability to start handling our personal finances better this year.
Speaker 1: In creating a larger gap between incoming money and outgoing
Speaker 1: expenses allows you to save more and creates more financial
Speaker 1: margin in your life. So we're gonna talk about that,
Speaker 1: but we'll also talk about the other areas of our
Speaker 1: lives where we should all be shooting for more margin.
Speaker 1: And we often hear the term margin when business is
Speaker 1: mentioned their profit margin, right, like when they referred to
Speaker 1: like what's left over after selling your product and factoring
Speaker 1: in your expenses, not unlike what the girls did with
Speaker 1: their cookies. Right, what was the profit margin, Joel? Where details? Well,
Speaker 1: you gotta factor in the publicized statement. Well that's why
Speaker 1: EVY hasn't gotten their cut yet, because we all the
Speaker 1: supplies and so we gotta figure out all that. But yeah,
Speaker 1: so the hot chocolate, there's the chocolate chips, there's a flower,
Speaker 1: there's all that kind of stuff that went into creating
Speaker 1: the product that was sold. Well, I know, you guys
Speaker 1: definitely did most of the heavy lifting there, so I'm
Speaker 1: not expecting that cuts. What is interesting, though, you know,
Speaker 1: when it comes to profit margin is we do often
Speaker 1: think of ourselves individually as businesses sometimes, but you know,
Speaker 1: specifically with this episode, we're talking about margin a little
Speaker 1: more broadly. There's this quote by doctor Richard Swinton, and
Speaker 1: he kind of had a good definition for us where
Speaker 1: he said that margin is the gap between rest and exhaustion.
Speaker 1: It's the space between breathing freely and suffocating. And I
Speaker 1: think many of us could use more margin in our
Speaker 1: lives when it comes to our time, and a whole
Speaker 1: lot of us could also use some more financial margin
Speaker 1: as well. Yeah, so let's kind of talk about financial
Speaker 1: margin first, because our shows how the money. It's obviously
Speaker 1: crucial that we talk about creating that financial breathing room
Speaker 1: in our lives. And I think that's something to strive
Speaker 1: for this year. If you feel like you haven't been
Speaker 1: able to accomplish any sort of financial margin in your life,
Speaker 1: well that's what we're here to do this year. That's
Speaker 1: our goal. Like, we're here to talk about it now,
Speaker 1: kind of set the table, and then throughout the year,
Speaker 1: we're gonna be giving examples and we're gonna be giving
Speaker 1: specific advice in order to help you achieve that goal
Speaker 1: of creating more financial margin in your life. And who
Speaker 1: this is getting official? Is this gonna be our official
Speaker 1: official theme for the years? Is margin? I don't think no,
Speaker 1: I don't think it's like a fully themed year or anything,
Speaker 1: but I think you know, for me, this is a
Speaker 1: word that I'm using to kind of prioritize, and I
Speaker 1: think so many of our listeners have expressed that they've
Speaker 1: had a hard time finding financial margin or they're kind
Speaker 1: of at the beginning of their journey and they've just
Speaker 1: created a certain amount of financial margin. And so, yeah,
Speaker 1: a lot of the topics that we cover anyway are
Speaker 1: helping people develop more of that margin in their lives
Speaker 1: when it comes to their money, right, and hopefully it
Speaker 1: gets to the point where they're savings rate is astronomical
Speaker 1: and they've got like an insane amount of margin. Right,
Speaker 1: that's the ultimate coal. Yeah, next year's word will be excess. Yeah.
Speaker 1: But so the first really financial margin that you're able
Speaker 1: to gain in your life is build thing an emergency fund.
Speaker 1: And at a very basic level, when it comes to
Speaker 1: your personal finances, margin is an emergency fund. Some people
Speaker 1: call it a cash cushion or cash reserves, but an
Speaker 1: emergency fund is money that's set aside that can be
Speaker 1: accessed quickly if you're in a pinch. So a lot
Speaker 1: of folks say that the minimum should be a thousand bucks,
Speaker 1: or that three to six months of saving should be
Speaker 1: your goal. But we recently discussed on the show Matt
Speaker 1: how there's a specific number that people should be aiming
Speaker 1: for when they're saving up an emergency fund. It's two thousand,
Speaker 1: four hundred and sixty seven dollars to four or six seven,
Speaker 1: And for almost everybody out there, that's like an infomercial,
Speaker 1: right right, just for one easy payment of two six seven. Yeah,
Speaker 1: if you can be a stress free but if you
Speaker 1: can hit that number, that truly is that baseline amount
Speaker 1: you need to have that breathing room to have that
Speaker 1: financial margin that allows you to weather those unexpected storms,
Speaker 1: the unexpected expenses that do pop into your life, a
Speaker 1: surprise bill or a surprise expense that you weren't considering,
Speaker 1: you weren't thinking about, a transmission failure in a car,
Speaker 1: or whatever it may be. And that is a great
Speaker 1: goal to have to hit that amount in your fund
Speaker 1: in order to have that baseline margin. And you know what,
Speaker 1: just having that financial margin creates a lot of like
Speaker 1: margin in your head like brain space. Yeah right, it's
Speaker 1: huge just for being able to think clearly. But even still, man,
Speaker 1: I think for a lot of folks, you know, they
Speaker 1: hear that and they think, man, that's bucks, that's that's
Speaker 1: still a lot of money. And so I think even
Speaker 1: if you don't have a pile of cash sitting around like,
Speaker 1: there is a chance that you could immediately have some
Speaker 1: financial margin this month with just a few tweaks, right, Like,
Speaker 1: the goal is to spend less than you're currently earning,
Speaker 1: and while by definition you now have financial margin, Like
Speaker 1: it really doesn't have to be more complicated than that.
Speaker 1: You know, like maybe there's not a lot there. You know,
Speaker 1: you don't have a ton of financial margin, but over time,
Speaker 1: like you want to work to increase that gap between
Speaker 1: what you're earning and what you're spending. This might just
Speaker 1: be acting a few easy line items maybe on your budget,
Speaker 1: or depending on your situation, it could mean maybe some
Speaker 1: more difficult pruning. But essentially, any time you're able to
Speaker 1: have any sort of gap there in between what you're
Speaker 1: earning and what you're spending, like, by definition, that as
Speaker 1: financial margins, So be encouraged if that's you. I think,
Speaker 1: no matter where you are, aiming for a semblance of
Speaker 1: financial margin, if you're at zero right now or more margin,
Speaker 1: if you have gotten the ball rolling and you already
Speaker 1: have a decent emergency fund, that's your goal. Wherever you are,
Speaker 1: you can aim for more. And I think that's definitely
Speaker 1: a positive message and something that's important for us to
Speaker 1: realize as we're talking about this. This this message is
Speaker 1: for everyone. So and why, Matt, is margin so important?
Speaker 1: I think the reason it is so important, to the
Speaker 1: reason we really feel compelled to talk about it on
Speaker 1: the first day of the new year right in, is
Speaker 1: that we well, we have to fight for margin, whether
Speaker 1: we're talking about our time or our money. It doesn't
Speaker 1: just magically appear. It's It takes a proactive effort on
Speaker 1: your part, on my part, in order to secure it
Speaker 1: for ourselves and for our families. So let's talk about
Speaker 1: time for a second time. Margin helps to keep these
Speaker 1: important relationships intact, as well as allowing us to time
Speaker 1: to think in solitude that we need in order to
Speaker 1: keep our own personal well being in a good place
Speaker 1: and to keep those stress levels at bay. If we
Speaker 1: don't have margin to to think about the people that
Speaker 1: we love and care about the most, it's going to
Speaker 1: impact those relationships negatively. We're not going to be putting
Speaker 1: the thoughtfulness and the effort into those friendships, into those
Speaker 1: relationships that we have that are the nearest and dearest
Speaker 1: to us. Man. I don't know about you, Matt. I
Speaker 1: felt this at times in my life where I know
Speaker 1: that I love and care for people, but I feel
Speaker 1: like all these other things have encroached on me so
Speaker 1: hard that I feel like my margin, my lack of
Speaker 1: margin has led to just a decline and satisfaction in
Speaker 1: some of my relationships, mostly because I was unable at
Speaker 1: that time to really be there for the people I
Speaker 1: love the most, because I just wasn't putting enough thought
Speaker 1: or care into those relationships. And that can be stressful,
Speaker 1: right well, like when you know your relationships are suffering
Speaker 1: because of a lack of time, Like that's that's stressful.
Speaker 1: You know, when you don't have financial margin as well, though,
Speaker 1: that can also be crazy stressful, like when you have
Speaker 1: some financial margin that can help keep those trying times
Speaker 1: at bay. Most Americans would have no idea what to
Speaker 1: do if they lost their job today, you know, or
Speaker 1: if their employer had a payroll glitch. I think a
Speaker 1: lot of folks even got a wake up call was
Speaker 1: a full year ago now where the where the government
Speaker 1: kind of shut down for a little bit and folks
Speaker 1: weren't getting their paychecks and and overnight jobs that were
Speaker 1: maybe once seen as kind of being the most secure jobs.
Speaker 1: The folks who had those jobs then felt like that
Speaker 1: they had unsure footing. Yeah, and really, so many of
Speaker 1: them knew that once the government shutdown was over, that
Speaker 1: they were going to get that back pay. Most most
Speaker 1: of the employees, they knew it was coming, but they
Speaker 1: couldn't bridge the gap in between, you know, the weeks
Speaker 1: and what ended up being what three weeks or a
Speaker 1: month what however long it was. They couldn't bridge that gap.
Speaker 1: And that's the case for so many of us. Like
Speaker 1: if there was a glitch like that, if there was
Speaker 1: something that happened where your your employer forgot to pay
Speaker 1: you and they're like, you know what, I'll make up
Speaker 1: for it two weeks from now and you'll get double pay. Well,
Speaker 1: could you stomach those two weeks? Do you have the
Speaker 1: money in savings in order to handle a glitch like that?
Speaker 1: Or if you work for the government and they are
Speaker 1: in net at coming to a deal again, like, do
Speaker 1: you have the money to be able to cover yourself
Speaker 1: for three weeks or a month during that time or
Speaker 1: are you going to be stressed out unable to meet
Speaker 1: your bill payments. That's a terrible place to be. Yeah, totally, man,
Speaker 1: I mean financial margin is just so crucial and ensuring
Speaker 1: that you can navigate those trials, those whatever it happens
Speaker 1: to be, but without an overwhelming amount of stress, you know,
Speaker 1: and we're kind of talking about the negative side of it, right,
Speaker 1: but let's put a positive spin on it. When you
Speaker 1: have a financial margin that can afford you the flexibility
Speaker 1: to maybe not stick exactly to your budget, say maybe
Speaker 1: your priorities might change, or you want to take advantage
Speaker 1: of a deal or an opportunity that comes along. That's
Speaker 1: not just about avoiding stress, but it can be the
Speaker 1: ability to jump at the opportunity, you know, when something
Speaker 1: good like that comes along. You know, we're talking about
Speaker 1: in the in the frame of money, but the same
Speaker 1: thing goes with time as well. When you have some time,
Speaker 1: it gives you more flexibility and more options to say
Speaker 1: yes to things, if, of course those things line up
Speaker 1: with your priorities. Yeah. Man, I feel like the more
Speaker 1: financial a margin I've been able to gain in my life,
Speaker 1: the more I see these really kind of odd sometimes
Speaker 1: ways that I can use some of that money to
Speaker 1: make more money, or I can pounce on a deal
Speaker 1: that otherwise I would have had to say no to
Speaker 1: but it's such an amazing thing for my family, or
Speaker 1: or something that we've been a purchased that we've maybe
Speaker 1: been thinking about for a long time, and we've just
Speaker 1: been waiting and holding out and I would have to
Speaker 1: say no if I didn't have the financial margin. And
Speaker 1: so I think the more financial margin we have, there's
Speaker 1: this big positive impact that it has on kind of
Speaker 1: how we're able to take advantage of different opportunities that
Speaker 1: come our way. It's not about just making life not suck,
Speaker 1: it's about making it awesome, right right, Yeah, So I
Speaker 1: think when we're thinking about margin, an interesting kind of
Speaker 1: way to think about it, that kind of I don't know,
Speaker 1: mental imagery that helps me is to think about it
Speaker 1: as a shoulder on the highway. So if you're driving
Speaker 1: at night, having a shoulder on the road with those
Speaker 1: rumble strips on the side, well, it's incredibly helpful. It
Speaker 1: means that if you steer off course just a bit,
Speaker 1: you aren't directly getting tangled up with the guard rail,
Speaker 1: ruining your car running off into a ditch. Right, So
Speaker 1: that margin is our aim, Like we want if you
Speaker 1: did doze off just to touch and you hit the
Speaker 1: rumble strips, it wakes you up, it brings you back.
Speaker 1: You're able to veer back into your lane and that's
Speaker 1: kind of what that margin does for us. At the
Speaker 1: same time, it means that the slightest deviation doesn't take
Speaker 1: us off a cliff. It's actually just a reminder to
Speaker 1: help us get back into the place where we're supposed
Speaker 1: to be. I like that. Man. We're gonna talk how
Speaker 1: we can create more margin in our life later on
Speaker 1: in the show, But next we're gonna talk about some
Speaker 1: of the different things that keep us from having more margin.
Speaker 1: But first a quick break. All right, Matt, we're back.
Speaker 1: It's our first episode of and we're talking about margin,
Speaker 1: a word that we hope kind of defines this here
Speaker 1: for you and I for our families. And let's talk
Speaker 1: about some of the things that currently keep us from
Speaker 1: having more margin. And I think there are there are
Speaker 1: a few specific ways that we approach life that can
Speaker 1: affect how we view margin. And it's important to note
Speaker 1: because so much of the way we think about our
Speaker 1: lives is tied up in these things. And if we
Speaker 1: can just kind of change our viewpoint and see where
Speaker 1: reality lies, then we can then start to attack the problem.
Speaker 1: So one of the things that keeps us from having
Speaker 1: more margin is buying into kind of the current status
Speaker 1: quo in our lives. Basically, we've just gotten used to
Speaker 1: having so little margin in our lives that it's all
Speaker 1: we know. We're all busy and money is tight for
Speaker 1: lots of us, and it's just easy for us to
Speaker 1: accept that both of those things are definitive statements about
Speaker 1: who we are. They're immovable, they're concrete. But that's just
Speaker 1: not the case. Right. We can take a mental leap
Speaker 1: to see both of those things as circumstantial situations that
Speaker 1: we have the ability to put a dent in to
Speaker 1: create more margin in our own lives and homes. We
Speaker 1: have the ability ultimately to create a new status quo.
Speaker 1: We can change the narrative, right, And I think that
Speaker 1: is just one of those the biggest hurdles to actually
Speaker 1: getting a semblance of margin in our lives is overcoming
Speaker 1: that idea that what the way things currently are has
Speaker 1: to be the way that things stay. Yeah, that's so good, man, Like,
Speaker 1: that's a good question that we can ask ourselves, right, Like,
Speaker 1: do you identify as being a busy person? Because if so, like,
Speaker 1: then that's probably what you're going to continue to be
Speaker 1: if you identify with that, Joel, are you a busy person? Yeah?
Speaker 1: That's a good question, I think. Man, the narrative I
Speaker 1: tell myself oftentimes is that I am a busy person,
Speaker 1: and I think there are so many ways for me
Speaker 1: to become less quote unquote busy, and ultimately that that
Speaker 1: business is just kind of the story I've told myself
Speaker 1: about my life, and there are changes that I can make,
Speaker 1: concrete changes that I can make to change what's actually true.
Speaker 1: It reminds me of our conversation with Laura Vanderkam, who
Speaker 1: hosts the podcast Before Breakfast, and she had some good
Speaker 1: insight I think. I think it was like something like
Speaker 1: episode ninety. She had some really good insight for us,
Speaker 1: and she talked about kind of this water heater analogy
Speaker 1: where this this lady she was talking to about her
Speaker 1: time management had a water heater burst and it just
Speaker 1: created this ripple effect of problems in her house. Right,
Speaker 1: the the the water that needed to be cleaned up,
Speaker 1: the carpet that needed to be replaced, on and on
Speaker 1: and on, not to mention just replacing the water heater
Speaker 1: and getting that done, and all the hours she spent
Speaker 1: in this quote unquote busy week where she didn't have
Speaker 1: time to do anything else, but she was forced to
Speaker 1: make time in order to do this this pressing thing.
Speaker 1: And I don't know about you, man, but but that
Speaker 1: resonated with me deeply, and I feel like that's something
Speaker 1: that I'm guilty of, is saying that I don't have
Speaker 1: time for the things that actually should matter more to me.
Speaker 1: And that's yeah, that's why I think this episode and
Speaker 1: kind of tackling this topic is so important for us
Speaker 1: and hopefully for our listeners to write and at this
Speaker 1: specific moment in time. Yeah, Well, that's the thing about business, right,
Speaker 1: is that it can be a precursor. It can lead
Speaker 1: to a less margin than our lives. Like Seth Godin
Speaker 1: says that anybody can be busy. All you need to
Speaker 1: do to feel busy is to try to get two
Speaker 1: things done at once, or seek to beat a deadline
Speaker 1: that is stressing you out. And you know, when it
Speaker 1: comes to our personal finances, being quote unquote busy is
Speaker 1: just going up out the daily acts of earning and
Speaker 1: spending our money without giving enough thoughts to the larger
Speaker 1: things that might be even more important. Right to me,
Speaker 1: it's allowing the urgent things in life to overtake the
Speaker 1: things that are more important. So, yeah, you need to
Speaker 1: go into work so that you don't get fired, right,
Speaker 1: And yes, you should probably pay your different bills. But
Speaker 1: maybe the more important questions we should be asking ourselves
Speaker 1: are things like, well, maybe this particular job is holding
Speaker 1: me back and I should be looking for something that
Speaker 1: I'm better suited for. Or maybe this isn't a bill
Speaker 1: I should have in the first place. I shouldn't have
Speaker 1: a car payment at all. And so when we're busy,
Speaker 1: we're not stepping back enough to take site of the
Speaker 1: entire picture. We're not kind of lifting our head up
Speaker 1: above the smoke and seeing like what is actually going
Speaker 1: on here. We're just doing it. We're just going about
Speaker 1: the motions of it. And I think that specifically is
Speaker 1: when dizziness can keep us from having more margin. Yeah,
Speaker 1: it's like walking through a forest and you're just looking
Speaker 1: at every individual tree as you're going on your hike.
Speaker 1: But you know what, for the forest and the tree
Speaker 1: analogy of somebody giving somebody get where. I don't know
Speaker 1: where I'm gonna attribute it to myself right now, But
Speaker 1: if you had like this sweet own that could rise
Speaker 1: above at all and give you this bigger picture. To me,
Speaker 1: that's kind of margin. Right, you need that ability to
Speaker 1: see kind of what's in front of you a little
Speaker 1: bit further out, so you can make a decision about
Speaker 1: whether you're gonna go left or right at that trail bend.
Speaker 1: And that is our problem, right when we're so hyper busy,
Speaker 1: we're so focused on the day to day, we're so
Speaker 1: focused on the thing right in front of us, that
Speaker 1: we have an inability to kind of be a little
Speaker 1: introspective and to plan a little bit ahead for the future.
Speaker 1: So I think business matt ultimately is kind of a
Speaker 1: terrible but widely accepted excuse. If we don't have time
Speaker 1: for the people that matter most to us, then something's
Speaker 1: got to give. If we don't have the money to
Speaker 1: meet our obligations every month and we decide instead to
Speaker 1: use credit cards to help us through, well, we're taking
Speaker 1: away our potential for future margin in our lives. And
Speaker 1: this cycle has to stop. I've heard of people say
Speaker 1: so many times that they just don't have the money
Speaker 1: for something else, and it must be nice that somebody
Speaker 1: else has the time or the ability or the money
Speaker 1: to travel or to prioritize, you know, taking as sabbatical
Speaker 1: from mo. All these kind of bigger things that seem
Speaker 1: impossible for for most of us. But ultimately, what it
Speaker 1: comes down to is a set of prioritizations, and we
Speaker 1: can make excuses, and that's easy to do, right, It's
Speaker 1: easy to say I can't have that, I can't do this,
Speaker 1: I'm too busy whatever. That's again just another excuse, another
Speaker 1: reason that blocks us from having margin. When we think
Speaker 1: that way, we're not giving ourselves credit. We're not giving
Speaker 1: ourselves the ability to use our own agency that we
Speaker 1: actually do have in order to make decisions that will
Speaker 1: change the narrative in the future. And I'm telling you, man,
Speaker 1: we we have so many interesting people on our show.
Speaker 1: Some people have lived these just incredible lives that seem
Speaker 1: I think at the surface, like, how in the world
Speaker 1: could I do that? How in the world could I
Speaker 1: get to the point where I'm like this thirty one
Speaker 1: year old retiree. And we don't bring those people on
Speaker 1: the show in order to to shame you, to make
Speaker 1: it you seem like you've made poor money decisions in
Speaker 1: your life. I think ultimately, what we try to do,
Speaker 1: Matt is we try to dig into the story and
Speaker 1: we try to say, how did this person who is
Speaker 1: ordinary who made an ordinary income, who ended up doing
Speaker 1: something completely extraordinary. How did those lines connect? And that,
Speaker 1: to me is why the interview shows are so important.
Speaker 1: Is it's helping us see that somebody was able to
Speaker 1: do something beyond what it looks like they should have
Speaker 1: been able to accomplish. And for all those people that
Speaker 1: we've brought on who have accomplished something great, it would
Speaker 1: have been really easy, probably five thousand times throughout the
Speaker 1: process of getting to where they and ultimately ended up
Speaker 1: getting to throw an excuse in the bucket and to
Speaker 1: tap out and to say, you know what, it's too much,
Speaker 1: I can't do it. And I'm not saying it's always easy.
Speaker 1: It's it's not always easy. Sometimes these decisions and pushing
Speaker 1: through are really difficult. Yeah, I don't know. I feel
Speaker 1: like I just want on a tangent with that. But
Speaker 1: I love kind of those stories. I love the interviews
Speaker 1: for that reason. And when I think about business, I
Speaker 1: think of it as an excuse that prevents us from
Speaker 1: being able to achieve what we ultimately do want to achieve. Yeah, man, no,
Speaker 1: I'm with you. I think the different stories that we
Speaker 1: hear from oaks who are succeeding in doing great, you know,
Speaker 1: things with their money and great things with their time.
Speaker 1: It should be encouraging for us because they have consistently
Speaker 1: not used business as an excuse in the first step
Speaker 1: to them getting to where they are is financial margin.
Speaker 1: I also think it's important for us to recognize that
Speaker 1: there might be individual circumstances where somebody might be in
Speaker 1: more of a crisis situation that would also not allow
Speaker 1: them to have margin. Right Like, sometimes people have paused
Speaker 1: long enough to assess what it is that they're spending
Speaker 1: their time and their money on. You know, we are
Speaker 1: being thoughtful, but we have to keep paddling and kicking
Speaker 1: in order to stay afloat. Sometimes there's just not that
Speaker 1: luxury of being able to you know, stop and not
Speaker 1: work for a while, or to you know, to stop
Speaker 1: and just think. That's a tough spot to be in.
Speaker 1: But I do want to acknowledge that there are situations
Speaker 1: like that that do exist. So if you are living
Speaker 1: paycheck to paycheck after major attempts at creating more margin
Speaker 1: in your life, but you need outside help. Listen back
Speaker 1: to episode seventy three. That's when we talked about you know,
Speaker 1: escaping living paycheck to paycheck, and even look at your
Speaker 1: local neighborhood or government and religious organizations for different types
Speaker 1: of assistance that they might provide your local NFCC chapter.
Speaker 1: It can also help with you know, budget counseling, helping
Speaker 1: you to create a debt repayment plan. There are resources
Speaker 1: that are out there that can kind of help you
Speaker 1: along your way. But just know that you are not alone. Yeah.
Speaker 1: I think that's so important to note, Matt, because there
Speaker 1: are people who whether it's running away from an unhealthy
Speaker 1: relationship and maybe you've got multiple kids and it was
Speaker 1: the right move for you to make, but it puts
Speaker 1: you in this position where you have to work multiple
Speaker 1: jobs and you don't have any margin. You don't have
Speaker 1: the margin you want to be able to spend that
Speaker 1: time with the kids that you long for. You're in
Speaker 1: this just unfortunate position where you're just making ends meet. Yeah,
Speaker 1: Or I mean even if you're just a single individual,
Speaker 1: right and maybe like you have what looks to be
Speaker 1: a solid job and you're, you know, a new graduate,
Speaker 1: but guess what, You've got tons of debt and you're
Speaker 1: you know, up to your eyeballs in it, and you
Speaker 1: just don't know what to do. Yeah, and you're living
Speaker 1: alone maybe right now, and you ran, you haven't figured
Speaker 1: out the roommate thing, you haven't met someone that you
Speaker 1: feel comfortable living with. They're all sorts of difficult situations
Speaker 1: that people might be in, and it is important to
Speaker 1: note that there's help out there for people that are
Speaker 1: in different situations. And and you know what, there's not
Speaker 1: a one size fits all go to this website, go
Speaker 1: turn to this program for help, but for people in
Speaker 1: all sorts of different scenarios that have different needs. We
Speaker 1: live in a country where there are a lot of
Speaker 1: resources and a lot of free resources for people in need.
Speaker 1: And so yeah, NFCC in particular NFCC dot org for
Speaker 1: people who do need that budget counseling or debt repayment help.
Speaker 1: That's one of our favorite places to help people turn.
Speaker 1: I truly believe that our country is really a fantastic
Speaker 1: place to live in large part because of local community
Speaker 1: and neighborhood organizations that are always reaching out to help
Speaker 1: a neighbor in need. And man that is truly matt
Speaker 1: something that that sets our country apart the philanthropic efforts
Speaker 1: of just individual everyday Americans. The way that we give
Speaker 1: and help people around us, it's super impressive. And so yeah,
Speaker 1: I would just say, if you find yourself butting up
Speaker 1: against these limits, these upper limits of having zero margin
Speaker 1: and needing help, just don't be above asking for help,
Speaker 1: because that's really important thing to do when you're in
Speaker 1: that situation. Yeah, and so here's another question I think
Speaker 1: we can ask ourselves, which is are we afraid, like,
Speaker 1: are we actually afraid of of margin in our lives?
Speaker 1: Because it really feels like we are. I think margin
Speaker 1: feels like waste to lots of different people out there,
Speaker 1: like either wasted time or wasted money. We live in
Speaker 1: a hyperactive and over committed culture where every second and
Speaker 1: every dollar is double booked. We're we're you know, we're
Speaker 1: scheduled to the hilt. We do try and multitask ourselves,
Speaker 1: and you know that often leads to poor results all around.
Speaker 1: But I think what we've found is that we can't
Speaker 1: multitask our money. You can't say that this money, you
Speaker 1: know that this dollar is going to go towards my future,
Speaker 1: but it's also going to go towards you know, me
Speaker 1: spending it right now. It's just not possible. Optimization is
Speaker 1: fine in a lot of aspects of life. I think
Speaker 1: it's something that we we rightly strive for in a
Speaker 1: lot of areas of our life. But we're over optimizers,
Speaker 1: were too intent on optimization because a lot of our
Speaker 1: lives are are supposed to be removed from the hustle
Speaker 1: and bust well spent in ways that are meaningful apart
Speaker 1: from work. And so I think that optimization mindset can
Speaker 1: be can get kicked over drive and can be really,
Speaker 1: really unhealthy for us. I think margin is stillness. It's
Speaker 1: embracing some quiet in our lives. And when it comes
Speaker 1: to our personal finances, margin looks like cash that's parked
Speaker 1: in a high interest savings account. Don't spend it, don't
Speaker 1: invest it, just let it be. Let it be there
Speaker 1: as a buffer for you to provide you with some
Speaker 1: security and some peace of mind. So on that notemat.
Speaker 1: We've got some tips, some specific ways for folks to
Speaker 1: help create more margin in their lives, and we'll get
Speaker 1: to those right after the break. All right, man, we
Speaker 1: are back to the break, and we're talking about margin
Speaker 1: in our lives, and specifically we're gonna talk about how
Speaker 1: to create more margins. You know, some people when they
Speaker 1: hear the word margin, they hear the word margarine and
Speaker 1: margin kind of like butter. The margin is very different, though,
Speaker 1: are you saying that? Because when I say margin, it
Speaker 1: sounds like marginin no, no, no, no, but I swear
Speaker 1: to create butter. Sometimes I feel like I've I've said
Speaker 1: the word margin and people are like, you mean like
Speaker 1: the butter sub institude, And I'm like, no, no, no,
Speaker 1: no no, it's I can't believe you look like Fabio
Speaker 1: when you say that. It's taking me back to the
Speaker 1: nineties right there. You know, he was on a roller
Speaker 1: coaster and a bird hit him in the face. Really, yeah,
Speaker 1: that's like the old Fabio story got to get like, yeah,
Speaker 1: you had to get surgery for his nose and stuff
Speaker 1: like that. I don't think I remember that. You feel
Speaker 1: like I should know that. That's funny, all these nineties
Speaker 1: thoughts are coming back. But yeah, let's talk about creating margin.
Speaker 1: We mentioned this earlier, but we have to be proactive
Speaker 1: and create the framework to foster the growth of margarine.
Speaker 1: Just kidding. Margin in our lives, right, If we don't
Speaker 1: self imposed margin into our routines or into our schedules,
Speaker 1: other things will seep in and those things will fill
Speaker 1: any void that we leave exposed. So to get started,
Speaker 1: one of the first things that we'd recommend is to
Speaker 1: think about an ideal budget. When it comes to our
Speaker 1: money and when it comes to our time, think about
Speaker 1: in an ideal week and then actually write those things down.
Speaker 1: We all have money constraints and we have time constraints
Speaker 1: as well. But the thing is with time is we
Speaker 1: all have the same amount of time. But I think
Speaker 1: looking at the ideal that can help us to decide
Speaker 1: where to put our focus this year, especially if you
Speaker 1: have no clue as far as you know what step
Speaker 1: to take first. Yea, some of us are ideal is
Speaker 1: going to look, you know, not terribly far off from
Speaker 1: where we currently are, and others of us, it's gonna
Speaker 1: look drastically different, and it's gonna look like we're working
Speaker 1: too much. It's gonna look like our lifestyle is just
Speaker 1: too unhealthy and so but having that ideal in writing Matt, Yeah,
Speaker 1: at least gives us kind of this goal that we're
Speaker 1: aiming for and helps us kind of see exactly where
Speaker 1: we are. At the same time, another way to create
Speaker 1: more margin is to pick your priorities. It's easy for
Speaker 1: us to say that we don't have time for something.
Speaker 1: But again Laura Vanderkamp comes up. We love her and
Speaker 1: what she says about time prioritization, Well, Laura says is
Speaker 1: that saying that we don't have time for something really
Speaker 1: just means that we're saying it isn't a priority for us.
Speaker 1: We have time for the things that we truly value.
Speaker 1: So now is a great time to start picking your
Speaker 1: main priorities and giving them plenty of room on your
Speaker 1: calendar and in your budget. Everything can't be a priority.
Speaker 1: Of course, it might be difficult to pick just three
Speaker 1: to five priorities for your time that day, or only
Speaker 1: a couple of areas to expand your budget. But if
Speaker 1: everything is a priority, you'll find that nothing truly is
Speaker 1: in your life. It's necessary to work down and whittle
Speaker 1: your priority list and make the hard cuts that are
Speaker 1: necessary on both fronts. Matt, A long time ago, we
Speaker 1: did this episode called the Why behind Money, and I
Speaker 1: specifically noted three things that my family is really prioritizes
Speaker 1: are spending just three kind of random areas that we
Speaker 1: put highly on our list. And you know, two of
Speaker 1: those are still the same, and one of those is
Speaker 1: kind of changed. We don't really prioritize international travel like
Speaker 1: we did. We've got three kids now, it's just not possible.
Speaker 1: It just doesn't make sense for us and the way
Speaker 1: we're currently living life. But it's just kind of interesting
Speaker 1: how that has really informed the way we spend and
Speaker 1: it's informed the way we enjoy those things too. So, yeah,
Speaker 1: if you pick your priorities and kind of stick to those,
Speaker 1: funnel your time and your budget accordingly, it makes a
Speaker 1: big difference. Yeah, being proactive like that can kind of
Speaker 1: give you some of that direction even when you are
Speaker 1: what feels like crazy busy and you can't give it
Speaker 1: the thought in the moment, But when you know you
Speaker 1: kind of have this overarching mission or these goals that
Speaker 1: you're trying to achieve, that can totally point you in
Speaker 1: the right direction. Another thing that we would suggest is
Speaker 1: to set actual boundaries, right Like, once you've identified your
Speaker 1: different priorities, create some boundaries around those things. So maybe
Speaker 1: you want financial margin, but you have trouble spending too
Speaker 1: much on Amazon right while you're readombly shopping before you
Speaker 1: fall asleep in bed, we'll put your phone in another
Speaker 1: room before going to bed, Or maybe you have trouble
Speaker 1: sticking to, you know, your grocery budget for that month,
Speaker 1: or even sticking to a shopping list if you go
Speaker 1: into the grocery store, Well, in that case, you can
Speaker 1: try a grocery pickup service so that you can actually
Speaker 1: stick to the list. You know, if you can create
Speaker 1: specific actions that will lead to whatever it is that
Speaker 1: you're trying to accomplish. I don't think of those things
Speaker 1: as restricting or you know, maybe as a total kill joy,
Speaker 1: but realize that these are the different things that you
Speaker 1: want accomplished. This is you trying to whip yourself in shape.
Speaker 1: So if there are different strategies or apps or services
Speaker 1: that you can utilize to help you achieve those things, well,
Speaker 1: by all means, use those. Yeah, man. I feel like
Speaker 1: I mentioned, I don't know, like a few months ago,
Speaker 1: that that we're doing the Kroger the grocery pickup, and
Speaker 1: it doesn't cost anymore. The groceries don't cost anymore, and
Speaker 1: the pickup at least for the most part, is free.
Speaker 1: I think I think it used to cost five bucks
Speaker 1: at least for right now pick up is completely free,
Speaker 1: so it doesn't add even a dime to our grocery bill.
Speaker 1: It saves us time, but more than anything, it does
Speaker 1: save us from buying random things, and so it helps
Speaker 1: us really stick to that list. So it's been it's
Speaker 1: been great for us. And I think we heard feedback
Speaker 1: that Walmart a lot of folks do some something similar
Speaker 1: to Walmart. So yeah, there are tons of options out
Speaker 1: there for you to to set boundaries. Whether it's your
Speaker 1: grocery bill, whether it's your your shopping habits. There are
Speaker 1: boundaries that you need to put in place. They can
Speaker 1: really just help you not go overboard so that you
Speaker 1: can have more margin in your life. And another way
Speaker 1: to create more margin in your life is to stop
Speaker 1: over committing. Filling your day or your budget with too
Speaker 1: many things means margin is gonna be hard to come by.
Speaker 1: By learning how to know more often and Matt, I'll
Speaker 1: readily admit it, this is one I need to do
Speaker 1: better at. It will help you fence those areas of
Speaker 1: your life that are meaningful. It's easy to say yes
Speaker 1: to people write it. I don't know, at least for me.
Speaker 1: I'm kind of a people pleaser. When someone asks me
Speaker 1: for something, I usually I just want to help. I
Speaker 1: want to oblige but I have to practice saying no
Speaker 1: because it ultimately that helps me to be able to
Speaker 1: prioritize my time better and do the things that really
Speaker 1: mean the most to me. I would say for folks
Speaker 1: when it comes to their money, practice saying no to
Speaker 1: spending more frequently and practicing no to the things that
Speaker 1: don't align with your time priorities. It becomes empowering and
Speaker 1: you begin to see the fruit of saying no is
Speaker 1: that you do have more time and more money than
Speaker 1: to spend on those things that you did say that
Speaker 1: you prioritized. You weren't just committing willy nilly to everything
Speaker 1: that was put in front of you. You curated those things,
Speaker 1: and you made time for the things that you said
Speaker 1: were most important to you. So yeah, I don't know.
Speaker 1: That's another goal of mine inies to get better at that,
Speaker 1: you know. On the service, I feel like you and
Speaker 1: I are real similar in a lot of ways. But
Speaker 1: what's interesting here is that this is one way that
Speaker 1: you and I think are total opposites. Personality wise. We're
Speaker 1: very very different people. I think. I don't know if
Speaker 1: like our listeners know that paper were very similar. But
Speaker 1: when it comes to how you and I operate, and
Speaker 1: so for me, it's really easy for me to say
Speaker 1: no to individuals or like events or just different things
Speaker 1: that might make their way onto my calendar. I'm just like, no,
Speaker 1: I don't want to go to that, Like I don't
Speaker 1: want to do that. I don't want to do that.
Speaker 1: Maybe because I'm just selfish, right but but dude, something
Speaker 1: I've realized, I think maybe more recently, is that it
Speaker 1: is harder for me to say no to expenses. It's
Speaker 1: harder to say no to different things I want to
Speaker 1: buy or that our family wants to purchase. In the past,
Speaker 1: I would have said that, like, no, I'm pretty much
Speaker 1: a savor you know. I don't spend a ton, but
Speaker 1: there are ways in which we do spend money that
Speaker 1: I'm not going out and racking up credit card debt.
Speaker 1: And I don't have a car payment right with with
Speaker 1: two cars in the driveway that I don't really need.
Speaker 1: But I am seeing that in other ways where I
Speaker 1: can kind of maybe challenge myself to say no to
Speaker 1: some of the different expenses that come up in my life.
Speaker 1: When I kind of feel that, I just serve that
Speaker 1: I convinced myself that I'm not treating myself to it,
Speaker 1: but then I've earned it because you know, I work
Speaker 1: hard and therefore I deserve this. And I think that's
Speaker 1: the problem. Right, So many people fall into that trap,
Speaker 1: and it's almost kind of odd for me to admit this,
Speaker 1: But I think I've sort of realized that about myself
Speaker 1: maybe over the past six months or so, that you know,
Speaker 1: this is something I need to maybe have my eyes
Speaker 1: open to a little bit more. Is that I am
Speaker 1: more prone to this than I actually realized. Yeah, I
Speaker 1: think it's astute to to realize that about yourself. And
Speaker 1: I think we all have that tendency at least to
Speaker 1: to reward ourselves based on good behavior or whatever to
Speaker 1: justify a purchase. And and ultimately what we're doing is
Speaker 1: we're harming our our ability to actually achieve the goals
Speaker 1: that we the bigger goals that we have in mind,
Speaker 1: and we're harming our ability to create that margin in
Speaker 1: our lives that's so important by saying yes to a purchase,
Speaker 1: by saying yes and committing time to people or events
Speaker 1: that shouldn't be a priority in our lives. And so yeah,
Speaker 1: I think for me, stop over committing is definitely one
Speaker 1: of those takeaways that I want to put more in
Speaker 1: to my life because I think it's gonna help me
Speaker 1: have a better with my family and with my friends,
Speaker 1: and then ultimately too with my budget. Yeah, you stop
Speaker 1: over committing and I'll stop overspending. All right. Well, it's
Speaker 1: funny too that you mentioned goals, because I think a
Speaker 1: lot of times folks might hear what we're talking about
Speaker 1: and they think it just sounds like simple goal setting, Right.
Speaker 1: I think goal setting can be good, especially for right now,
Speaker 1: because it can be clear and identifiable. Right, Like we
Speaker 1: talked about the emergency fund two four six seven, Like,
Speaker 1: that's the amount that you need to to focus on,
Speaker 1: and by achieving that, there are numerous benefits to having
Speaker 1: that much set aside in your savings account. But over time,
Speaker 1: transformational change like that is what we're actually looking for.
Speaker 1: Right As you knock out some of these simple and
Speaker 1: easier goals, right, these different goals that are easy to identify,
Speaker 1: then you can be more thoughtful and intentional with your
Speaker 1: time and with your money because you then have the space.
Speaker 1: It's hard to make intentional decisions with our time and
Speaker 1: with our money without margin. Without margin, we're not thinking
Speaker 1: we're only executing or a lot of times we're reacting.
Speaker 1: It often feel like the state of consumer debt and
Speaker 1: over consumption that so many folks find themselves in. But
Speaker 1: with margin, you know, we do have that agency, and
Speaker 1: we have that ability to be proactive and to be
Speaker 1: able to take control of our lives, not just our
Speaker 1: financial lives, but just how we spend our time as well. Yeah,
Speaker 1: so we gave that analogy kind of earlier on in
Speaker 1: the show about the shoulder and how margin is kind
Speaker 1: of that shoulder on the highway kind of giving you
Speaker 1: that ability to veer off the road just a little
Speaker 1: bit and then you kind of get back on track. Well,
Speaker 1: let's give another highway analogy here, Matt. Ultimately, it's tough
Speaker 1: to keep revving your engine at highway speeds every moment
Speaker 1: of the day and night, but it's necessary for so
Speaker 1: many of us due to a lack of margin. Like
Speaker 1: we can't stop pushing the gas because we don't have
Speaker 1: any alternative, because we don't have any margin built into
Speaker 1: our lives. I think that's why, you know, we felt
Speaker 1: compelled to talk about this. Let's make gaining more financial
Speaker 1: in life margin an overarching goal for all of us
Speaker 1: in and we'll do our best here at how the
Speaker 1: money to give you thoughtful ways to help you achieve
Speaker 1: that goal this year. It's something we're shooting for four
Speaker 1: more for ourselves in our own lives, and it's something
Speaker 1: that we desire for all of you out there, like
Speaker 1: we want you to be able to have more financial
Speaker 1: and time margin so that you can spend your life
Speaker 1: in a way that resonates more with your actual values
Speaker 1: and your actual goals that you're that you're hoping to achieve.
Speaker 1: We're going back to her, now, do you what are
Speaker 1: you talking about reving your engine? Because you got that
Speaker 1: electric car? You mean, like that electric buzz I don't know,
Speaker 1: how do you describe the yeah, yeah, exactly, it's like
Speaker 1: the word yeah. I know. Electric vehicle makers are working
Speaker 1: on fake engine sounds for electric cars, and I can
Speaker 1: see that being a necessary thing because there's so many
Speaker 1: terrible stories about folks are getting hit man, yeah, getting
Speaker 1: hit by electric cars because they don't know what they're
Speaker 1: coming because they are so dang silent. By the way,
Speaker 1: on that note, it always makes me think I've joked
Speaker 1: with Emily about this. What about these like old schools
Speaker 1: song lyrics to talk about reving the engine, running out
Speaker 1: of gas, all that kind of stuff, like, are they
Speaker 1: going to be completely iniquated in a few years when
Speaker 1: we're all driving electric vehicles? Maybe you know what song
Speaker 1: won't be iniquated is Tracy Chapman's I've Got a Fast Car. Yeah,
Speaker 1: because I don't think they talk about running out of gas.
Speaker 1: It's just about having a fast carl. Totally fits a
Speaker 1: bit on that it doesn't matter if it's electric or
Speaker 1: gasoline powered. Yeah, yeah, all right, Matt, Let's get back
Speaker 1: to the beer that we had on the show today.
Speaker 1: We drank a beer called Visible World by Modern Time
Speaker 1: Screwing Company. What were your thoughts on this beer? Man? Well, first, man,
Speaker 1: I wanted to say, what do you think about this can?
Speaker 1: Because I think so often times the label and I
Speaker 1: can can influence how you perceive the beer. And it's
Speaker 1: totally got this seventies tippy trippy thing kind of going
Speaker 1: on with the colors, the waves kind of back and forth.
Speaker 1: It's s hary to describe, but we'll definitely put a
Speaker 1: picture up on our website. Yeah, No, I mean, I
Speaker 1: love the Modern Times labels, by the way, and this
Speaker 1: one is definitely super cool too. They're almost like simple
Speaker 1: and complex at the same time. I don't know how
Speaker 1: to describe it. Well there, I mean they're they're simple,
Speaker 1: but there it's just well designed. Yeah, well designed, always
Speaker 1: well designed. And yeah I like the label, but I
Speaker 1: like the beer so much too. I feel like it
Speaker 1: it tasted. You know, we talk about sometimes beers tasting
Speaker 1: like orange juice in that vein, but this one, to
Speaker 1: me was like almost straight up orange juice. Like it
Speaker 1: really more than any other beer we've ever had. It's
Speaker 1: this double I p a that had the sweetness of
Speaker 1: oranges but also just kind of that whatever hopster they
Speaker 1: used to make this beer. I'm not sure which ones
Speaker 1: they were, but they had their straight up orange vibe
Speaker 1: going on throughout it. I thought it was a really
Speaker 1: good beer. Yeah, orange juice, but kind of with that
Speaker 1: hoppy zip to it, which specifically actually made me think
Speaker 1: of Sunny D. Did you ever drink sunny D growing up? Yeah,
Speaker 1: sort of orange juice but also sort of soft drink.
Speaker 1: Would I be a red blooded American human if I
Speaker 1: hadn't drunk sunny D when I was a kid? Did
Speaker 1: sunny do you have like a little bit of carbonation
Speaker 1: in it? I don't think so like it had something
Speaker 1: in it that made it seem kind of like tingly
Speaker 1: maybe you think, I think, which no, not also a
Speaker 1: fantastic beverage. You've had that before. I'm talking specifically about
Speaker 1: Sunny D. I don't think it had any carbonation. Maybe
Speaker 1: there's just so much sugar n that it kind of
Speaker 1: like crystallized on your tongue a little bit. Probably that
Speaker 1: coupled with the sweetness you know that you get from
Speaker 1: that orange double I p a flavor. It was very,
Speaker 1: very delicious, but to me totally kind of had that
Speaker 1: just orange shoese vibe going on. But specifically Sunny D.
Speaker 1: Sunny D maybe felt like that kid in the commercial
Speaker 1: coming in on the skateboard being like, Mom, sunny D,
Speaker 1: where's my sunny d? App Mom? That's awesome, But I
Speaker 1: feel like that was the commercial. Yeah, it was something
Speaker 1: like I can pick in the back of the fridge.
Speaker 1: And now now you're reminding me of the Dave Chappelle's
Speaker 1: Get the Purple Drink. I feel like, yeah, they're Chappelle
Speaker 1: is so good. Maybe that's the next one we'll get
Speaker 1: from Modern Times, is their take on purple drink. That'd
Speaker 1: be awesome, all right, that's gonna do it for this episode,
Speaker 1: Matt Um And you know what. For Shure notes for
Speaker 1: this episode, you can go to our website how to
Speaker 1: money dot com and Joe, you know what. It's the
Speaker 1: year and there are a lot of podcasts out there,
Speaker 1: but not all of them are helpful. And so hopefully
Speaker 1: you have found this podcast helpful, and if you have,
Speaker 1: we would love for you to leave a review over
Speaker 1: at Apple Podcasts. If you aren't already subscribed, if you
Speaker 1: could subscribe wherever it is that you listen to your podcast,
Speaker 1: just that simple stuff of mashing that subscribe button that
Speaker 1: helps you to not miss any future episodes, you'll continue
Speaker 1: to get the dopest financial advice on the planet. So true, Alright, Matt,
Speaker 1: that's gonna be it for this episode. For folks that
Speaker 1: are new to the podcast, we always close it out
Speaker 1: by saying this best friends out, best Friends Out.