1 00:00:00,080 --> 00:00:02,680 Speaker 1: Welcome to How the Money. I'm Joel and I and 2 00:00:02,840 --> 00:00:06,240 Speaker 1: Matt's and today we're asking the question our experiences better 3 00:00:06,360 --> 00:00:27,960 Speaker 1: than stuff? This is gonna be a great episode. I'm 4 00:00:27,960 --> 00:00:29,320 Speaker 1: gonna tell you that right now, this is gonna be 5 00:00:29,360 --> 00:00:31,800 Speaker 1: a good episode because for for us, I mean, this 6 00:00:31,880 --> 00:00:33,599 Speaker 1: is a question we ask ourselves, and I think this 7 00:00:33,640 --> 00:00:36,159 Speaker 1: is a question that a lot of our peers, a 8 00:00:36,200 --> 00:00:39,080 Speaker 1: lot of folks in our generation, that they're wondering. You know, 9 00:00:39,240 --> 00:00:42,720 Speaker 1: this is something we've heard, that experiences are better than stuff. 10 00:00:42,960 --> 00:00:45,040 Speaker 1: But this is something that we're going to dive into 11 00:00:45,080 --> 00:00:46,879 Speaker 1: and hopefully we're gonna get to the bottom of it. Yeah, 12 00:00:46,960 --> 00:00:49,440 Speaker 1: it's typically I feel like at this point it's stated 13 00:00:49,440 --> 00:00:52,240 Speaker 1: in fact, like the experiences are definitely better than stuff, 14 00:00:52,400 --> 00:00:54,520 Speaker 1: and there can be some truth to that, but we're 15 00:00:54,560 --> 00:00:56,480 Speaker 1: gonna dive a little bit deeper and kind of do 16 00:00:56,520 --> 00:00:58,760 Speaker 1: an analysis because it is worth bringing up. And I 17 00:00:58,800 --> 00:01:00,840 Speaker 1: appreciate that you told everyone and that this is going 18 00:01:00,880 --> 00:01:02,800 Speaker 1: to be a good episode, because it will be. It 19 00:01:02,840 --> 00:01:04,959 Speaker 1: can be hit or missed right this show, So it's 20 00:01:05,000 --> 00:01:07,120 Speaker 1: good to be optimistic. And normally that's your role in 21 00:01:07,120 --> 00:01:09,600 Speaker 1: our relationship that I'm sort of the Debbie downer type 22 00:01:09,640 --> 00:01:12,360 Speaker 1: of person. But but yeah, regardless of which side of 23 00:01:12,360 --> 00:01:14,400 Speaker 1: the fence you land on, whether you do side and 24 00:01:14,440 --> 00:01:17,240 Speaker 1: maybe a little more with stuff, whether you appreciate experiences more, 25 00:01:17,280 --> 00:01:19,320 Speaker 1: we're gonna talk about ways to do those things correctly 26 00:01:19,920 --> 00:01:21,920 Speaker 1: and as well as you know, we're gonna mention some 27 00:01:21,959 --> 00:01:25,320 Speaker 1: sort of filters to look at purchases through in order 28 00:01:25,360 --> 00:01:27,520 Speaker 1: for you to decide whether or not that that is 29 00:01:27,520 --> 00:01:29,320 Speaker 1: going to be a wise move for you to make. 30 00:01:29,440 --> 00:01:31,240 Speaker 1: So I'm excited to to talk about this with you, 31 00:01:31,280 --> 00:01:33,119 Speaker 1: my friend. Yeah, should be good, buddy. A Right Before 32 00:01:33,120 --> 00:01:35,240 Speaker 1: we get to that, though, I wanted to share a 33 00:01:35,280 --> 00:01:38,520 Speaker 1: recent thing that happened in our household. And we had 34 00:01:38,680 --> 00:01:41,360 Speaker 1: a minor fender bender the other day in our brand 35 00:01:41,400 --> 00:01:45,920 Speaker 1: new to us but really old minivan. And so, how 36 00:01:45,959 --> 00:01:48,240 Speaker 1: old does that mini Vannigan is? It's sixteen? Yeah, it's 37 00:01:48,320 --> 00:01:50,760 Speaker 1: two thousand and six. No, so fourteen years sorry, fourteen 38 00:01:50,840 --> 00:01:53,520 Speaker 1: years old. So I just like saying that because it's 39 00:01:53,560 --> 00:01:55,560 Speaker 1: so freaking old, and I love it. Like I'm not 40 00:01:55,600 --> 00:01:56,960 Speaker 1: at all trying to hate on you. I think that 41 00:01:57,120 --> 00:01:59,280 Speaker 1: it's the coolest thing that you guys are driving such 42 00:01:59,320 --> 00:02:01,600 Speaker 1: an old vehicle, because like we're going to discuss in 43 00:02:01,640 --> 00:02:03,800 Speaker 1: this episode. It shines a light on the things that 44 00:02:03,840 --> 00:02:06,040 Speaker 1: you value and the things that you don't value quite 45 00:02:06,040 --> 00:02:09,079 Speaker 1: as much. Yeah, and sorry for the distraction, No, no worries, 46 00:02:09,120 --> 00:02:11,040 Speaker 1: and and so I think yet part of what also 47 00:02:11,080 --> 00:02:12,600 Speaker 1: it is nice about driving an older car is that 48 00:02:12,639 --> 00:02:14,200 Speaker 1: when you do get dings or dense it's just not 49 00:02:14,240 --> 00:02:17,320 Speaker 1: nearly Yeah, it's like, okay, cool, we get a scrape 50 00:02:17,360 --> 00:02:19,480 Speaker 1: down the side, but it's a five thousand dollar fourteen 51 00:02:19,560 --> 00:02:22,200 Speaker 1: year old cars. We don't really care that much. Well, minivan, 52 00:02:22,400 --> 00:02:24,799 Speaker 1: but okay, and still still a bummer though. Yeah, how 53 00:02:24,800 --> 00:02:26,839 Speaker 1: long had had you guys had it? I think less 54 00:02:26,880 --> 00:02:31,040 Speaker 1: than a week. And so I'm not gonna name names 55 00:02:31,120 --> 00:02:33,360 Speaker 1: or anything, but one of the members of our family 56 00:02:34,000 --> 00:02:37,200 Speaker 1: was driving this we can drive, Yeah, who can drive? 57 00:02:37,440 --> 00:02:40,400 Speaker 1: There's only two of us who can And he or she, 58 00:02:40,919 --> 00:02:44,800 Speaker 1: who will remain unnamed, was driving this minivan and accidentally 59 00:02:45,160 --> 00:02:48,680 Speaker 1: scraped the side of a friend's car when he or 60 00:02:48,720 --> 00:02:50,960 Speaker 1: she was dropping off the children at a friend's house. 61 00:02:51,200 --> 00:02:54,160 Speaker 1: And so this, you know, not really a big deal. 62 00:02:54,240 --> 00:02:57,120 Speaker 1: Our friends were really cool about it. Obviously. We offered 63 00:02:57,120 --> 00:02:58,720 Speaker 1: to pay for it to get fixed, and they took 64 00:02:58,760 --> 00:03:00,679 Speaker 1: it to a couple of auto shot and it was 65 00:03:00,720 --> 00:03:03,240 Speaker 1: a bummer because it's almost eight hundred bucks to to 66 00:03:03,320 --> 00:03:06,320 Speaker 1: repair this car. We're not repairing our car because you know, 67 00:03:06,400 --> 00:03:09,040 Speaker 1: the scrape whatever who cares, but obviously paying to fix 68 00:03:09,080 --> 00:03:11,519 Speaker 1: our friends car and even just I wanted to talk 69 00:03:11,560 --> 00:03:14,720 Speaker 1: about minor fender bendor fixes and how you approach those. 70 00:03:15,080 --> 00:03:18,200 Speaker 1: And I think most people instantly assume that they should 71 00:03:18,200 --> 00:03:21,519 Speaker 1: be making an insurance claim when almost anything happens to 72 00:03:21,560 --> 00:03:23,880 Speaker 1: their vehicle. Right, Folks are thinking, something happened, I want 73 00:03:23,880 --> 00:03:25,799 Speaker 1: to pay the hunter bucks and get it fixed, yeah, 74 00:03:25,960 --> 00:03:28,840 Speaker 1: or my deductibles five hundred. This thing cost a hundred bucks. Sweet, 75 00:03:28,840 --> 00:03:31,600 Speaker 1: I'm coming out three dollars ahead. But that's just not 76 00:03:31,680 --> 00:03:33,640 Speaker 1: the case. And so what we did was we paid 77 00:03:33,639 --> 00:03:35,480 Speaker 1: the bill and full and didn't involve insurance at all. 78 00:03:35,720 --> 00:03:37,440 Speaker 1: And when you make an insurance claim, you're gonna be 79 00:03:37,520 --> 00:03:41,880 Speaker 1: paying increased rates typically for three years after after the fact. 80 00:03:42,120 --> 00:03:44,480 Speaker 1: And there's some insurers to do stuff like accident forgiveness, 81 00:03:44,520 --> 00:03:47,480 Speaker 1: but typically on the whole, you're gonna pay more for 82 00:03:47,520 --> 00:03:50,360 Speaker 1: your insurance premiums every single month for three years to 83 00:03:50,360 --> 00:03:52,560 Speaker 1: come by making that claim at least man. Yeah, and 84 00:03:52,600 --> 00:03:54,840 Speaker 1: it's gonna reflect poorly if you go shop around and 85 00:03:54,840 --> 00:03:56,560 Speaker 1: try to go with another company. So these are the 86 00:03:56,600 --> 00:03:58,280 Speaker 1: kind of things you want to take into consideration. And 87 00:03:58,320 --> 00:04:00,120 Speaker 1: one thing I think is really important to mention in 88 00:04:00,200 --> 00:04:02,920 Speaker 1: here is that if people haven't looked at their deductible 89 00:04:03,000 --> 00:04:06,920 Speaker 1: lately on their car insurance, they should strongly consider raising 90 00:04:06,920 --> 00:04:10,040 Speaker 1: that deductible because what it does is it lowers your premiums, 91 00:04:10,040 --> 00:04:13,240 Speaker 1: but it also makes you less likely to file a claim, 92 00:04:13,480 --> 00:04:16,880 Speaker 1: and the claims it's insurances is what you want when 93 00:04:16,880 --> 00:04:18,760 Speaker 1: you absolutely need it. It's not something that you want 94 00:04:18,760 --> 00:04:21,000 Speaker 1: to use on a whim, yeah, exactly. And then you 95 00:04:21,000 --> 00:04:22,680 Speaker 1: do want to make sure you have enough money set 96 00:04:22,680 --> 00:04:27,200 Speaker 1: aside to cover that deductible completely for the situation to arise. Well, Joel, 97 00:04:27,200 --> 00:04:29,479 Speaker 1: you mentioned three years. Well, the reason I said, well 98 00:04:29,520 --> 00:04:32,400 Speaker 1: at least three years is because we were actually in 99 00:04:32,440 --> 00:04:36,200 Speaker 1: a very similar situation five years ago and that junk 100 00:04:36,320 --> 00:04:38,800 Speaker 1: is still on our record. Maybe it's just what our 101 00:04:38,839 --> 00:04:41,120 Speaker 1: insurance provider, you know, is as one of their things 102 00:04:41,160 --> 00:04:42,840 Speaker 1: that they hang on to the little thunder benders like 103 00:04:42,880 --> 00:04:45,760 Speaker 1: that in the neighborhood for that long. But this was 104 00:04:46,200 --> 00:04:49,320 Speaker 1: an incident that required a little bit more money and 105 00:04:49,400 --> 00:04:50,919 Speaker 1: at the time, we kind of had a lot going on. 106 00:04:51,000 --> 00:04:53,400 Speaker 1: We're flipping and selling a house, we're moving into another 107 00:04:53,440 --> 00:04:55,440 Speaker 1: home at the same time, and it was going to 108 00:04:55,480 --> 00:04:57,680 Speaker 1: be a more expensive fix as well. And so in 109 00:04:57,680 --> 00:04:58,960 Speaker 1: that case, we thought, you know what, I think this 110 00:04:59,040 --> 00:05:01,080 Speaker 1: is a time when when we are going to do insurance. 111 00:05:01,320 --> 00:05:04,080 Speaker 1: But dude, in retrospect, I completely wish that we would 112 00:05:04,120 --> 00:05:06,080 Speaker 1: have just handled it ourselves, right, how do we not 113 00:05:06,160 --> 00:05:09,520 Speaker 1: involved insurance and paid person a person. We would have 114 00:05:09,560 --> 00:05:12,040 Speaker 1: come out ahead for sure. And so, yeah, if if 115 00:05:12,080 --> 00:05:14,360 Speaker 1: you're in a small incident like that, hopefully you can 116 00:05:14,400 --> 00:05:17,040 Speaker 1: be a little more cautious and be thoughtful as to 117 00:05:17,080 --> 00:05:19,840 Speaker 1: the implications that that one little incident is going to 118 00:05:19,920 --> 00:05:22,760 Speaker 1: have years down the road. Definitely three, maybe even five 119 00:05:22,800 --> 00:05:25,240 Speaker 1: if you're with my career, Yeah, five years. That's that's 120 00:05:25,279 --> 00:05:28,200 Speaker 1: even worse, right, You're you're paying increased premiums for that 121 00:05:28,279 --> 00:05:30,280 Speaker 1: long of a period, and depending on what insure you're 122 00:05:30,279 --> 00:05:32,599 Speaker 1: getting quotes from, they're seeing that on your clue report, 123 00:05:32,600 --> 00:05:34,920 Speaker 1: which we've talked about on the show before. Spent a minute. Yeah, 124 00:05:35,000 --> 00:05:37,760 Speaker 1: but it's this essentially database for insurers to look at 125 00:05:37,800 --> 00:05:40,200 Speaker 1: and they see the claims that you filed so every 126 00:05:40,200 --> 00:05:42,640 Speaker 1: claim that you file, I mean, it just goes against you. 127 00:05:42,680 --> 00:05:45,120 Speaker 1: It hurts you when you're shopping your insurance around, which 128 00:05:45,160 --> 00:05:47,160 Speaker 1: is something you should do, you know, on the rag 129 00:05:47,600 --> 00:05:49,200 Speaker 1: in order to save money. So, yeah, it was a 130 00:05:49,200 --> 00:05:51,480 Speaker 1: bummer to kind of have that scrape to our new minivan. 131 00:05:51,720 --> 00:05:53,880 Speaker 1: It was a bummer that that happened to our friends. 132 00:05:54,240 --> 00:05:56,520 Speaker 1: But ultimately, you know what, not that big of a 133 00:05:56,560 --> 00:05:59,039 Speaker 1: deal when you can handle it yourself and leave insurance 134 00:05:59,080 --> 00:06:01,839 Speaker 1: out of the equations that you're not paying those increased 135 00:06:01,880 --> 00:06:05,120 Speaker 1: premium for years to come, that's where it really stinks. Yeah, man, 136 00:06:05,160 --> 00:06:07,479 Speaker 1: that is rights. So let's go ahead and introduce the 137 00:06:07,480 --> 00:06:09,120 Speaker 1: beer that we're gonna have on this episode. We are 138 00:06:09,200 --> 00:06:12,400 Speaker 1: drinking Divided Sky, which is an I p A from 139 00:06:12,400 --> 00:06:16,440 Speaker 1: Four Hands Brewery and uh listener Justin sent this one 140 00:06:16,480 --> 00:06:18,520 Speaker 1: to us, and he sent us a nice little note 141 00:06:18,560 --> 00:06:20,680 Speaker 1: here as well. He said he's learned from the podcast 142 00:06:20,760 --> 00:06:23,919 Speaker 1: that on one hand, money is not a scary or 143 00:06:23,960 --> 00:06:26,359 Speaker 1: evil concept, and on the other hand, it's not the 144 00:06:26,440 --> 00:06:29,880 Speaker 1: ultimate aspiration either. It's simply a tool to help unlock 145 00:06:29,960 --> 00:06:32,800 Speaker 1: what you enjoy in life, such as freedom, convenience, adventure, 146 00:06:32,839 --> 00:06:36,360 Speaker 1: and security. Man, what a great way to to think 147 00:06:36,400 --> 00:06:38,839 Speaker 1: about money in the proper light, you know what I'm saying. Yeah, yeah, 148 00:06:38,920 --> 00:06:40,960 Speaker 1: I mean that's awesome. I mean I think that's exactly 149 00:06:41,040 --> 00:06:43,920 Speaker 1: what we hope people take away, right, We want them 150 00:06:43,960 --> 00:06:46,200 Speaker 1: to know because so many people think it money's evil, 151 00:06:46,240 --> 00:06:49,200 Speaker 1: money's terrible, or money scary, and yeah, it's not. It 152 00:06:49,320 --> 00:06:51,080 Speaker 1: is a tool to be used well. And on the 153 00:06:51,080 --> 00:06:53,200 Speaker 1: other hand, man, it's also something to not seek after. 154 00:06:53,279 --> 00:06:55,160 Speaker 1: Like you said as well, that's a path that we 155 00:06:55,200 --> 00:06:57,160 Speaker 1: try to not go down when it comes to how 156 00:06:57,200 --> 00:06:59,279 Speaker 1: we view money. It's important, but it's not something that 157 00:06:59,360 --> 00:07:01,960 Speaker 1: we need to, you know, seek with every fiber of 158 00:07:01,960 --> 00:07:04,599 Speaker 1: our being obsessed over for sure. We'll talk about this 159 00:07:04,680 --> 00:07:06,120 Speaker 1: beer and our thoughts on it at the end of 160 00:07:06,120 --> 00:07:08,520 Speaker 1: the show. Big thanks to Justin for sending in our way. 161 00:07:08,720 --> 00:07:10,560 Speaker 1: But Matt, let's get onto the subject at hand. And 162 00:07:10,600 --> 00:07:13,160 Speaker 1: today on the show, we're asking the question our experiences 163 00:07:13,200 --> 00:07:15,640 Speaker 1: better than stuff? And like you mentioned at the beginning 164 00:07:15,640 --> 00:07:17,640 Speaker 1: of the show, that's a common question right now, but 165 00:07:17,760 --> 00:07:20,520 Speaker 1: typically people come down, at least now kind of on 166 00:07:20,560 --> 00:07:24,200 Speaker 1: the side of experiences. It seems like no dub experiences are, 167 00:07:24,240 --> 00:07:26,440 Speaker 1: of course better than stuff. And I think part of 168 00:07:26,480 --> 00:07:30,320 Speaker 1: that is this kind of backlash against the prior generation 169 00:07:30,440 --> 00:07:33,920 Speaker 1: that did seem to kind of fuel this consumeristic mindset 170 00:07:34,240 --> 00:07:36,960 Speaker 1: and we live We're looking at you Gen xers. It's 171 00:07:36,960 --> 00:07:40,080 Speaker 1: all your fault, okay, Boomer. We live in this consumeristic 172 00:07:40,120 --> 00:07:42,840 Speaker 1: society and most of us we've grown up in this 173 00:07:42,920 --> 00:07:46,320 Speaker 1: culture that equates buying things with greater levels of happiness, 174 00:07:46,320 --> 00:07:49,920 Speaker 1: and that's kind of what we're reacting to. Studies show though, 175 00:07:50,040 --> 00:07:53,840 Speaker 1: that our increased overall societal wealth has led to less 176 00:07:53,880 --> 00:07:58,920 Speaker 1: happiness and greater psychological turmoil. But of the overall economy, 177 00:07:58,960 --> 00:08:01,120 Speaker 1: Matt is driven by consumer we're spending. So on the 178 00:08:01,120 --> 00:08:04,600 Speaker 1: flip side, younger Americans seem to value experiences more than stuff, 179 00:08:04,600 --> 00:08:06,760 Speaker 1: and I can understand why, but we have to ask 180 00:08:06,800 --> 00:08:08,840 Speaker 1: the question, our experiences a better use of our money? 181 00:08:09,160 --> 00:08:11,600 Speaker 1: What we definitely want to put our money towards things 182 00:08:11,600 --> 00:08:14,120 Speaker 1: that we actually value and avoid spending mindlessly. Right, That's 183 00:08:14,240 --> 00:08:16,000 Speaker 1: a huge part of what we talked about on the show. 184 00:08:16,240 --> 00:08:19,480 Speaker 1: But does that necessarily mean experiences provide a better return 185 00:08:19,520 --> 00:08:22,120 Speaker 1: than just buying stuff? And in this conversation, we also 186 00:08:22,200 --> 00:08:24,800 Speaker 1: have to address kind of our quest for happiness overall? 187 00:08:24,960 --> 00:08:27,440 Speaker 1: Are we going to be able to find more happiness 188 00:08:27,520 --> 00:08:31,240 Speaker 1: through greater spending on cool experiences or through buying nicer stuff. 189 00:08:31,440 --> 00:08:33,520 Speaker 1: So we'll talk big picture, and we'll also get into 190 00:08:33,559 --> 00:08:36,760 Speaker 1: some practical ways that we can think through how we 191 00:08:36,800 --> 00:08:39,680 Speaker 1: spend our money when we're talking about both of these things. Well, Man, 192 00:08:39,679 --> 00:08:42,280 Speaker 1: on the note of experiences, you and I were both 193 00:08:42,280 --> 00:08:45,600 Speaker 1: fans of a great experience, right. I recently talked about 194 00:08:45,640 --> 00:08:48,240 Speaker 1: my desire to hit up a World Cup match on 195 00:08:48,280 --> 00:08:52,360 Speaker 1: the show World Cup is coming to North America. You 196 00:08:52,440 --> 00:08:55,880 Speaker 1: gotta make it happy to be there. But experiences, though, 197 00:08:56,000 --> 00:08:59,560 Speaker 1: like they have trended in a consumeristic direction, and it 198 00:08:59,640 --> 00:09:02,240 Speaker 1: feels like that they're going down a similar path as 199 00:09:02,520 --> 00:09:05,240 Speaker 1: the stuff in our lives. It seems to me that 200 00:09:05,320 --> 00:09:10,120 Speaker 1: folks are prioritizing travel and getting those likes on Instagram, Like, 201 00:09:10,200 --> 00:09:12,960 Speaker 1: is it really for the experience or are you just 202 00:09:13,000 --> 00:09:16,840 Speaker 1: basically trying to signal status like we once did with stuff, 203 00:09:17,120 --> 00:09:19,920 Speaker 1: consistently buying new stuff that arise on your doorstep the 204 00:09:19,960 --> 00:09:21,640 Speaker 1: next day, Like, that's not a great way to build 205 00:09:21,640 --> 00:09:23,719 Speaker 1: your savings. Of course, but the way that we talk 206 00:09:23,760 --> 00:09:27,000 Speaker 1: about experiences has increasingly taken on some of the same 207 00:09:27,080 --> 00:09:30,360 Speaker 1: characteristics of what we disliked about how we bought things, 208 00:09:30,760 --> 00:09:33,680 Speaker 1: So should we value experiences more? Like? That's the question 209 00:09:33,960 --> 00:09:35,520 Speaker 1: that we need to ask ourselves. But part of the 210 00:09:35,520 --> 00:09:38,720 Speaker 1: difficulty in tackling this topic is that it's hard to 211 00:09:38,880 --> 00:09:42,840 Speaker 1: quantify an experience, Like how do you determine a proper value? 212 00:09:43,240 --> 00:09:44,959 Speaker 1: These are questions that each of us, like all of 213 00:09:45,040 --> 00:09:47,959 Speaker 1: us individually, that we'll need to ask ourselves as we 214 00:09:48,040 --> 00:09:51,560 Speaker 1: spend money on the different fund stuff in our lives. Yeah, man, 215 00:09:51,600 --> 00:09:53,400 Speaker 1: I definitely think there are some builders that can help 216 00:09:53,480 --> 00:09:56,560 Speaker 1: us think through how we buy experiences, how we purchase 217 00:09:56,600 --> 00:09:59,880 Speaker 1: stuff that can have a major influence on kind of 218 00:09:59,880 --> 00:10:02,120 Speaker 1: the benefit that we get from both. And so we'll 219 00:10:02,120 --> 00:10:03,640 Speaker 1: get into some of those things in just a second, 220 00:10:03,640 --> 00:10:06,120 Speaker 1: but before we do, I wanted to ask you. We're 221 00:10:06,280 --> 00:10:09,000 Speaker 1: human as well, right, and we make we make mistakes. 222 00:10:09,120 --> 00:10:12,560 Speaker 1: Were not immune to the cause of like overspending and 223 00:10:12,720 --> 00:10:16,280 Speaker 1: mindlessly buying a thing or an experience. So what are 224 00:10:16,320 --> 00:10:18,400 Speaker 1: some of the ways that you're attempted to over consume? 225 00:10:18,480 --> 00:10:20,920 Speaker 1: And I won't just leave you out there hanging to dry, 226 00:10:20,960 --> 00:10:24,160 Speaker 1: I'll answer the questions. Yeah, So, like, what what is 227 00:10:24,200 --> 00:10:26,160 Speaker 1: it that you struggle with? What's a way that you're 228 00:10:26,240 --> 00:10:31,320 Speaker 1: tempted to kind of mindlessly purchase a stuff or an experience. Yeah, Like, well, 229 00:10:31,559 --> 00:10:32,920 Speaker 1: I feel like Kate and I we tend to be 230 00:10:33,040 --> 00:10:35,559 Speaker 1: like minimalists, right, Like there's not a ton of stuff 231 00:10:35,559 --> 00:10:37,800 Speaker 1: in our lives, but whatever it is that we do 232 00:10:37,920 --> 00:10:39,480 Speaker 1: spend money on, we tend to spend a lot of 233 00:10:39,520 --> 00:10:41,720 Speaker 1: money on it, right. And so the first thing that 234 00:10:41,760 --> 00:10:43,920 Speaker 1: came to my mind is is our house. I mean, 235 00:10:43,920 --> 00:10:46,600 Speaker 1: we live in a pretty expensive home, and we recently 236 00:10:46,600 --> 00:10:48,640 Speaker 1: finished our renovation to get it closer to how we 237 00:10:48,640 --> 00:10:51,440 Speaker 1: can envision ourselves being here, and so we've been really 238 00:10:51,480 --> 00:10:54,679 Speaker 1: mindful about it. But I guess what I'm realizing is 239 00:10:54,720 --> 00:10:58,520 Speaker 1: the more time that I spend thinking about something or 240 00:10:58,600 --> 00:11:01,400 Speaker 1: working on something, I think, the more I'm tempted to 241 00:11:01,440 --> 00:11:04,480 Speaker 1: spend in that direction, you know what I'm saying, Yeah, completely, 242 00:11:04,520 --> 00:11:06,760 Speaker 1: And so like it's almost it's less of a category 243 00:11:06,840 --> 00:11:09,760 Speaker 1: of items or a certain type of experience, you know, 244 00:11:09,840 --> 00:11:11,880 Speaker 1: Like broadly speaking, it's it's almost as if like the 245 00:11:11,920 --> 00:11:14,840 Speaker 1: more time and more proficient I become in a certain area, 246 00:11:15,280 --> 00:11:18,000 Speaker 1: and the more I get sort of sucked into that subculture, right, 247 00:11:18,080 --> 00:11:21,120 Speaker 1: the subculture of home renovation. And there's no end to 248 00:11:21,200 --> 00:11:23,000 Speaker 1: what you could do. No. Yeah, it's that's why there 249 00:11:23,040 --> 00:11:25,839 Speaker 1: shows all over TV this house and I don't I 250 00:11:25,880 --> 00:11:29,800 Speaker 1: haven't seen anything. There's like multiple channels dedicated home renovation 251 00:11:29,840 --> 00:11:31,480 Speaker 1: if you have cable, And I know my my mom 252 00:11:31,520 --> 00:11:33,880 Speaker 1: is obsessed with Chip and Joyana and they're getting their 253 00:11:33,920 --> 00:11:37,600 Speaker 1: own network now, which is insane. There's already HDTV. There's 254 00:11:37,600 --> 00:11:39,520 Speaker 1: gonna be more. You know, there's a craze around it, 255 00:11:39,559 --> 00:11:43,000 Speaker 1: for sure. I know people make pilgrimages to where they're from. 256 00:11:43,200 --> 00:11:46,080 Speaker 1: My mom might have done it. I didn't know if 257 00:11:46,080 --> 00:11:47,920 Speaker 1: you're going to share that, but no, I don't remember 258 00:11:47,920 --> 00:11:49,440 Speaker 1: when when you shared that with me, I was like, 259 00:11:49,520 --> 00:11:53,080 Speaker 1: no way, so into it. Literally, they stayed in one 260 00:11:53,120 --> 00:11:54,920 Speaker 1: of the houses that Chip and Joyana renovated, and I'm 261 00:11:54,920 --> 00:11:57,319 Speaker 1: sure they loved it. They had the best time ever exactly. 262 00:11:57,520 --> 00:11:59,560 Speaker 1: So in their case, that was an experience. But yeah, 263 00:11:59,760 --> 00:12:01,400 Speaker 1: and and I think, like, honestly, for them, it was 264 00:12:01,440 --> 00:12:03,960 Speaker 1: a really meaningful experience. Yes, yeah, But on that note, 265 00:12:03,960 --> 00:12:06,000 Speaker 1: I think the same thing can be applied to anything. 266 00:12:06,080 --> 00:12:09,560 Speaker 1: I researched and basically armed myself with knowledge, right, and 267 00:12:09,559 --> 00:12:11,840 Speaker 1: so I feel like I did something similar when it 268 00:12:11,880 --> 00:12:14,040 Speaker 1: came to cargo bikes. Like, I researched the heck out 269 00:12:14,080 --> 00:12:16,240 Speaker 1: of it and I just got really into it. And 270 00:12:16,240 --> 00:12:18,920 Speaker 1: so the more into something I get, because I have 271 00:12:19,040 --> 00:12:22,000 Speaker 1: that knowledge, I kind of released myself from responsibility a 272 00:12:22,000 --> 00:12:24,880 Speaker 1: little bit, and I tend to overspend, loosen the purse strings. 273 00:12:24,880 --> 00:12:26,599 Speaker 1: Because you felt like you knew more about it, I 274 00:12:26,600 --> 00:12:28,840 Speaker 1: feel more comfortable with it, and I therefore we'll spend 275 00:12:28,840 --> 00:12:31,120 Speaker 1: more dollars, all right. So I think the way that 276 00:12:31,200 --> 00:12:34,120 Speaker 1: we let me hear it, I think the way that 277 00:12:34,120 --> 00:12:38,200 Speaker 1: we mess this up is we do prioritize a certain 278 00:12:38,200 --> 00:12:41,000 Speaker 1: amount of eating out, and I think when we do 279 00:12:41,040 --> 00:12:44,280 Speaker 1: it mindfully, it's really really good. Like in particular our 280 00:12:44,360 --> 00:12:46,280 Speaker 1: date nights. I like going out and get some cheap 281 00:12:46,280 --> 00:12:48,600 Speaker 1: tacos or some cheap barbecue or whatever, just as much 282 00:12:48,600 --> 00:12:51,000 Speaker 1: as the next person sounds good. But you know, we 283 00:12:51,080 --> 00:12:53,720 Speaker 1: also like going to a nicer place sometimes, and so 284 00:12:53,800 --> 00:12:57,960 Speaker 1: we don't mind dropping that money on a decent meal out. 285 00:12:58,320 --> 00:13:00,840 Speaker 1: But I think the problem can be for us where 286 00:13:00,840 --> 00:13:02,640 Speaker 1: we end up spending mindlessly is when we're just not 287 00:13:02,720 --> 00:13:05,040 Speaker 1: thoughtful about our food and we're last minute eating out. 288 00:13:05,200 --> 00:13:07,240 Speaker 1: We're grabbing a pizza on a Friday night and dropping 289 00:13:07,520 --> 00:13:10,360 Speaker 1: twenty bucks because we just didn't think ahead about dinner 290 00:13:10,520 --> 00:13:13,360 Speaker 1: or we didn't plan our meals accordingly, and and that's 291 00:13:13,520 --> 00:13:16,120 Speaker 1: I have no problem spending money eating out when we're 292 00:13:16,120 --> 00:13:17,600 Speaker 1: thoughtful about it, but I think when we do it 293 00:13:17,679 --> 00:13:19,760 Speaker 1: in that way, that's twenty bucks that I have a 294 00:13:19,760 --> 00:13:21,840 Speaker 1: hard time spending, and then it just feels like it 295 00:13:21,920 --> 00:13:24,760 Speaker 1: was wasted and feels a little more reactive than something 296 00:13:24,760 --> 00:13:27,320 Speaker 1: that you set out to do. Yeah, exactly, because because 297 00:13:27,320 --> 00:13:29,000 Speaker 1: if it was Monday and you're looking ahead to the weekend, 298 00:13:29,000 --> 00:13:30,760 Speaker 1: you said, you know what, Friday, Friday night, it's gonna 299 00:13:30,760 --> 00:13:32,319 Speaker 1: be pizza night. We're gonna watch a movie. You know, 300 00:13:32,400 --> 00:13:34,720 Speaker 1: it's gonna be whatever pizza in the movie night. That's 301 00:13:34,720 --> 00:13:37,320 Speaker 1: a whole different thing then last minute being like, oh, 302 00:13:37,360 --> 00:13:39,640 Speaker 1: let's just grab a quick pizza, right, Yeah, I feel you. 303 00:13:39,720 --> 00:13:41,600 Speaker 1: So yeah, that's at least one way in which I'm 304 00:13:41,640 --> 00:13:44,280 Speaker 1: tempted to overspend, and we do sometimes, and that's something 305 00:13:44,280 --> 00:13:46,199 Speaker 1: that we need to be more intentional about. But we're 306 00:13:46,200 --> 00:13:49,280 Speaker 1: talking about the difference between spending on experiences and stuff, 307 00:13:49,360 --> 00:13:51,000 Speaker 1: and there is I think a right way in a 308 00:13:51,040 --> 00:13:54,079 Speaker 1: wrong way to go about spending in both categories. And 309 00:13:54,160 --> 00:13:55,800 Speaker 1: let's kind of get into those filters that we need 310 00:13:55,800 --> 00:13:58,400 Speaker 1: to run through in order to make smart decisions when 311 00:13:58,400 --> 00:14:00,120 Speaker 1: we're buying either. And we'll get to that right up 312 00:14:00,120 --> 00:14:11,520 Speaker 1: to this break, all right, Joel, we're back from the break, 313 00:14:11,920 --> 00:14:14,920 Speaker 1: And it's good to mention too that we're not necessarily 314 00:14:14,960 --> 00:14:19,119 Speaker 1: in favor of experiences over stuff or stuff even over experiences. 315 00:14:19,320 --> 00:14:21,680 Speaker 1: I think there's ways though, that we can approach both 316 00:14:21,680 --> 00:14:24,520 Speaker 1: of those where we're kind of maximizing the enjoyment that 317 00:14:24,520 --> 00:14:26,080 Speaker 1: we get out of them, and a lot of times 318 00:14:26,240 --> 00:14:28,400 Speaker 1: that involves is spending less money. Yeah, I think of 319 00:14:28,440 --> 00:14:31,360 Speaker 1: it like a deadlocked arm wrestling match, right, experiences and 320 00:14:31,400 --> 00:14:33,760 Speaker 1: stuff going at it, but they're both equally strong, and 321 00:14:33,800 --> 00:14:35,880 Speaker 1: so neither of them them wins. I don't know, I 322 00:14:36,040 --> 00:14:37,760 Speaker 1: think that's a good way to think of it. Man, 323 00:14:37,760 --> 00:14:39,160 Speaker 1: you're just trying to find a way to throw an 324 00:14:39,240 --> 00:14:41,480 Speaker 1: arm wrestling analogy in there, because I know you love 325 00:14:41,560 --> 00:14:44,000 Speaker 1: arm wrestling specifically. I remember, like one of the first 326 00:14:44,000 --> 00:14:45,920 Speaker 1: times we hung out, you kind of like challenged me 327 00:14:45,960 --> 00:14:47,800 Speaker 1: to an arm wrestling match over a little argument with 328 00:14:47,840 --> 00:14:50,160 Speaker 1: God that we were in over dinner, and you remember that. 329 00:14:50,200 --> 00:14:52,000 Speaker 1: I probably used to do that more when I was younger. 330 00:14:52,120 --> 00:14:54,080 Speaker 1: Pretty much anytime you're hanging out with you're like, hey, 331 00:14:54,080 --> 00:14:56,600 Speaker 1: you an arm wrestling and it's not because you're jacked 332 00:14:56,640 --> 00:14:58,920 Speaker 1: or anything. I don't know really why you wanted darmst 333 00:14:58,960 --> 00:15:01,400 Speaker 1: letter definitely not jacked. You're just looking to fight prove 334 00:15:01,440 --> 00:15:04,240 Speaker 1: our manhood, you know. Well here's the thing, though, when 335 00:15:04,280 --> 00:15:06,360 Speaker 1: it comes to experiences, they don't have to actually cost 336 00:15:06,520 --> 00:15:09,000 Speaker 1: much or even any money at all. It could just 337 00:15:09,040 --> 00:15:12,680 Speaker 1: be a free arm wrestling match. It shouldn't be about 338 00:15:12,720 --> 00:15:16,120 Speaker 1: taking a vacation to Mashu Pichu and getting that photo 339 00:15:16,200 --> 00:15:18,240 Speaker 1: on top of that mountain, you know what I'm talking about. 340 00:15:18,440 --> 00:15:19,800 Speaker 1: I do want to go there, by the way, at 341 00:15:19,880 --> 00:15:22,240 Speaker 1: some point me too. For sure. It looks amazing. Yeah. 342 00:15:22,320 --> 00:15:25,880 Speaker 1: We're not anti Machu Picchu for sure. Yeah, and we 343 00:15:25,960 --> 00:15:28,800 Speaker 1: like vacations, but we want to make sure that we're 344 00:15:28,800 --> 00:15:31,280 Speaker 1: focusing as well on the day to day experiences, right 345 00:15:31,280 --> 00:15:33,880 Speaker 1: like getting coffee with an old friend or even just 346 00:15:33,960 --> 00:15:35,920 Speaker 1: waking up early to work out. That doesn't have to 347 00:15:35,920 --> 00:15:38,200 Speaker 1: cost you any money to go for a run, but 348 00:15:38,400 --> 00:15:40,400 Speaker 1: even two things like playing with your kids in the yard, 349 00:15:40,520 --> 00:15:42,160 Speaker 1: right like, these are all things that you can do 350 00:15:42,280 --> 00:15:45,640 Speaker 1: for little to know money at all. And while we 351 00:15:45,760 --> 00:15:47,640 Speaker 1: both like a nice trip or a nice vacation. Every 352 00:15:47,640 --> 00:15:49,480 Speaker 1: now and then, Man, we want to make sure that 353 00:15:49,560 --> 00:15:52,640 Speaker 1: we are pushing back against the mindset of vacation envy 354 00:15:52,920 --> 00:15:54,960 Speaker 1: which can take hold of us, causing us to to 355 00:15:55,080 --> 00:15:58,440 Speaker 1: seek those different experiences for fulfillment. Yeah. And I think 356 00:15:58,560 --> 00:16:01,640 Speaker 1: if we're trying to look through the lens of proper 357 00:16:01,680 --> 00:16:05,280 Speaker 1: filter for how we make decisions when we do decide 358 00:16:05,320 --> 00:16:08,360 Speaker 1: to spend our money on an experience. One it is 359 00:16:08,600 --> 00:16:11,800 Speaker 1: looking at the free things in our life as beautiful experiences, 360 00:16:11,840 --> 00:16:13,720 Speaker 1: because there are so many things that if we were 361 00:16:13,720 --> 00:16:16,080 Speaker 1: to view it properly and to think about it well, 362 00:16:16,400 --> 00:16:18,640 Speaker 1: we would notice that those experiences are rich and they're 363 00:16:18,640 --> 00:16:20,840 Speaker 1: meaningful and they didn't cost any money. And I think 364 00:16:20,880 --> 00:16:23,960 Speaker 1: the other thing too, when you're dropping money on an experience, 365 00:16:24,400 --> 00:16:26,720 Speaker 1: to make sure it has its full impact for you 366 00:16:27,000 --> 00:16:29,880 Speaker 1: and that it is truly meaningful and that you feel 367 00:16:29,920 --> 00:16:32,760 Speaker 1: like you've got your money's worth, The important thing to 368 00:16:32,760 --> 00:16:35,800 Speaker 1: do is to soak it in. Oftentimes, so much of 369 00:16:35,800 --> 00:16:38,360 Speaker 1: the enjoyment that we received from any type of experience, 370 00:16:38,760 --> 00:16:42,359 Speaker 1: it's in the planning, in the anticipation of that experience, 371 00:16:42,520 --> 00:16:44,760 Speaker 1: especially if it's a tripper event, right, if you've got 372 00:16:44,800 --> 00:16:48,080 Speaker 1: concert tickets for a show that's in three months and 373 00:16:48,120 --> 00:16:49,800 Speaker 1: you buy them and you know you're going with a friend, 374 00:16:50,120 --> 00:16:52,000 Speaker 1: you have the joy of being able to talk about 375 00:16:52,040 --> 00:16:54,280 Speaker 1: it and get excited in the lead up to it. 376 00:16:54,480 --> 00:16:55,960 Speaker 1: And then it's making sure that you know all the 377 00:16:56,040 --> 00:16:58,280 Speaker 1: lyrics to all the songs. Yeah, exactly, Yeah, you're playing 378 00:16:58,320 --> 00:17:01,080 Speaker 1: that that CD on repeat because we still listen to CDs, right, 379 00:17:02,040 --> 00:17:05,280 Speaker 1: Amazon Music Dog. I think last year actually more records 380 00:17:05,320 --> 00:17:07,399 Speaker 1: were sold than c d s, which is just funny. 381 00:17:07,440 --> 00:17:10,480 Speaker 1: Then records on the comeback. But yeah, and and same 382 00:17:10,520 --> 00:17:13,080 Speaker 1: thing with a trip, right, there's so much joy in 383 00:17:13,080 --> 00:17:15,960 Speaker 1: the anticipation of that trip, and especially if you're sharing 384 00:17:16,000 --> 00:17:18,080 Speaker 1: it with someone else, But so much of the joy 385 00:17:18,119 --> 00:17:19,800 Speaker 1: that you get from an experiences in the lead up 386 00:17:20,080 --> 00:17:23,199 Speaker 1: and then when you're in the experience, well, bask in 387 00:17:23,240 --> 00:17:25,600 Speaker 1: the moment. This isn't the time to be checking your 388 00:17:25,640 --> 00:17:27,840 Speaker 1: work email or to be on Instagram and see what 389 00:17:27,880 --> 00:17:29,639 Speaker 1: others are up to, Matt, have you ever done that, 390 00:17:29,760 --> 00:17:32,280 Speaker 1: been on an awesome trip, flipped open Instagram at some 391 00:17:32,320 --> 00:17:33,880 Speaker 1: point and you're like, oh man, other people are doing 392 00:17:33,920 --> 00:17:36,280 Speaker 1: cool stuff. My trip doesn't seem nearly as cool. I 393 00:17:36,320 --> 00:17:38,600 Speaker 1: feel like that is totally something that happens in our culture. 394 00:17:38,680 --> 00:17:40,959 Speaker 1: It's something I've been susceptible to. I just don't want 395 00:17:41,000 --> 00:17:42,280 Speaker 1: to do that. I want to be in the moment 396 00:17:42,320 --> 00:17:44,199 Speaker 1: and I want to enjoy it to the fullest. And 397 00:17:44,240 --> 00:17:45,960 Speaker 1: I think there are simple traps that we can fall 398 00:17:45,960 --> 00:17:48,359 Speaker 1: into that can kind of cheapen our experience, and we 399 00:17:48,359 --> 00:17:51,760 Speaker 1: don't want to do that. We want to fully enjoy it, right, Yeah, man, absolutely, 400 00:17:51,800 --> 00:17:53,399 Speaker 1: because I mean just think about the memories that you're 401 00:17:53,400 --> 00:17:55,760 Speaker 1: missing out on by being on your dumb phone, right 402 00:17:56,160 --> 00:17:57,879 Speaker 1: and then the here the other thing too is on 403 00:17:57,920 --> 00:17:59,439 Speaker 1: the back end of it, like on the back end 404 00:17:59,480 --> 00:18:02,119 Speaker 1: of the trip, even just reflecting and taking a second 405 00:18:02,160 --> 00:18:04,560 Speaker 1: to appreciate like what you've done or what you've accomplished. 406 00:18:04,840 --> 00:18:07,720 Speaker 1: Just like that idea of experience hopping, right when you're 407 00:18:07,720 --> 00:18:09,520 Speaker 1: going from one trip to the next, where you're just 408 00:18:09,560 --> 00:18:11,840 Speaker 1: constantly just kind of looking ahead to the next thing 409 00:18:11,920 --> 00:18:13,880 Speaker 1: just to kind of check these boxes off your list. 410 00:18:14,280 --> 00:18:16,640 Speaker 1: That is the sort of mindless consumption that we're trying 411 00:18:16,680 --> 00:18:20,040 Speaker 1: to avoid. Yeah, experiences, based on how you approach them, 412 00:18:20,240 --> 00:18:23,320 Speaker 1: can either be hyper meaningful or they can lose a 413 00:18:23,320 --> 00:18:25,680 Speaker 1: lot of meaning. Ultimately, so much of it comes down 414 00:18:25,720 --> 00:18:27,600 Speaker 1: to your approach and your ability to kind of soak 415 00:18:27,640 --> 00:18:29,320 Speaker 1: it in and enjoy it. And I feel like this 416 00:18:29,400 --> 00:18:32,399 Speaker 1: is a great argument too against experiences, right because just 417 00:18:32,480 --> 00:18:34,760 Speaker 1: like we can, you know, we buy shoes or whatever 418 00:18:34,760 --> 00:18:37,320 Speaker 1: it is that we you know, we compulsively buy on Amazon, 419 00:18:37,400 --> 00:18:38,879 Speaker 1: and you know, we use them for a little bit, 420 00:18:38,880 --> 00:18:40,400 Speaker 1: but then they just end up in our closet. It's 421 00:18:40,400 --> 00:18:42,040 Speaker 1: so easy to do the same thing with trips, Like 422 00:18:42,080 --> 00:18:43,479 Speaker 1: we can go on all these different trips and all 423 00:18:43,480 --> 00:18:46,040 Speaker 1: these different vacations, and instead of enjoying them to the 424 00:18:46,080 --> 00:18:49,280 Speaker 1: max and fully immersing ourselves, that trip can just get 425 00:18:49,320 --> 00:18:51,760 Speaker 1: translated into just a few pictures on your phone that 426 00:18:51,800 --> 00:18:53,560 Speaker 1: you you know, you threw up on social media. I 427 00:18:53,600 --> 00:18:55,480 Speaker 1: do kind of equate it to those, you know, different 428 00:18:55,520 --> 00:18:57,760 Speaker 1: items that we might be tempted to purchase online and 429 00:18:57,800 --> 00:18:59,920 Speaker 1: we just end up tossing those items in the closet 430 00:19:00,000 --> 00:19:02,840 Speaker 1: where we basically forget about them. Yeah, that definitely happens, 431 00:19:02,840 --> 00:19:05,879 Speaker 1: all right, Matt, Let's talk about how we approach buying stuff, 432 00:19:05,960 --> 00:19:08,159 Speaker 1: and I think there are definitely some helpful approaches so 433 00:19:08,200 --> 00:19:10,920 Speaker 1: that we can buy stuff the right way too. So 434 00:19:11,320 --> 00:19:13,960 Speaker 1: I feel like in this conversation. Right, we've already mentioned things. 435 00:19:14,240 --> 00:19:16,840 Speaker 1: They normally get a bad rap. But owning stuff isn't 436 00:19:16,840 --> 00:19:20,560 Speaker 1: necessarily the problem. It's our approach to owning things. So 437 00:19:20,600 --> 00:19:23,840 Speaker 1: how can we make purchasing stuff less of a negative 438 00:19:23,880 --> 00:19:25,399 Speaker 1: in our lives? And I think there are a few 439 00:19:25,440 --> 00:19:27,639 Speaker 1: ways we can do that. One is to just admit 440 00:19:27,680 --> 00:19:30,360 Speaker 1: that sometimes there as stuff that we really appreciate. Like 441 00:19:30,520 --> 00:19:32,639 Speaker 1: for me, I like having a lot of art on 442 00:19:32,680 --> 00:19:35,000 Speaker 1: our walls. We've got a lot of pieces by local artists, 443 00:19:35,040 --> 00:19:39,200 Speaker 1: and that's stuff, right, cost money, but it's insanely meaningful 444 00:19:39,240 --> 00:19:42,080 Speaker 1: to me. I see it every day. Matt. We ride bikes. 445 00:19:42,240 --> 00:19:44,760 Speaker 1: Those bikes are super important to us. Yeah, I love 446 00:19:44,840 --> 00:19:47,240 Speaker 1: my bike. Yeah, yeah, there, it's great. They have a 447 00:19:47,240 --> 00:19:49,120 Speaker 1: lot of utility and we get a lot of joy 448 00:19:49,119 --> 00:19:51,360 Speaker 1: out of them. So it's not the stuff that's inherently bad. 449 00:19:51,400 --> 00:19:55,159 Speaker 1: And sometimes that becomes the mantra in this conversation. But 450 00:19:55,200 --> 00:19:57,359 Speaker 1: it's important to figure out whether or not our purchases 451 00:19:57,400 --> 00:19:59,960 Speaker 1: align with our values. And this is where, like track 452 00:20:00,119 --> 00:20:02,639 Speaker 1: our spending can be so helpful because it actually allows 453 00:20:02,720 --> 00:20:05,040 Speaker 1: us to see where our money is going. And if 454 00:20:05,040 --> 00:20:07,440 Speaker 1: we see where our money is going, we can actually 455 00:20:07,480 --> 00:20:10,600 Speaker 1: look at the numbers and see whether those numbers reflect 456 00:20:11,000 --> 00:20:13,719 Speaker 1: what we say our values are. And that's ultimately what 457 00:20:13,760 --> 00:20:15,679 Speaker 1: we want for people. Matt right, that we want their 458 00:20:15,840 --> 00:20:19,040 Speaker 1: money to be aligned with their values. And we're not 459 00:20:19,080 --> 00:20:21,479 Speaker 1: all going to have the same values. But if you, 460 00:20:21,560 --> 00:20:24,199 Speaker 1: as an individual can line up your spending with your 461 00:20:24,280 --> 00:20:27,239 Speaker 1: values and the stuff you buy is reflective of that, well, 462 00:20:27,280 --> 00:20:30,600 Speaker 1: then you're not being a mindless consumer. You're being intentional 463 00:20:30,680 --> 00:20:33,000 Speaker 1: about your choices, and the stuff that you're buying is 464 00:20:33,080 --> 00:20:35,560 Speaker 1: in all likelihood going to hold a lot more meaning 465 00:20:35,560 --> 00:20:37,159 Speaker 1: for you. Yeah, if you're gonna buy stuff, you want 466 00:20:37,160 --> 00:20:39,520 Speaker 1: to make sure that you're making the correct purchases. Right. 467 00:20:39,800 --> 00:20:42,920 Speaker 1: Something else to consider is let's talk about quality versus quantity. 468 00:20:43,200 --> 00:20:45,199 Speaker 1: I think the aspect of buying stuff that leads to 469 00:20:45,240 --> 00:20:49,960 Speaker 1: the most psychological harm is our continual pursuit of more. 470 00:20:50,720 --> 00:20:55,040 Speaker 1: If we can prioritize fewer, nicer things, then I think 471 00:20:55,080 --> 00:20:57,359 Speaker 1: we'll be choosing stuff that we can appreciate more and 472 00:20:57,480 --> 00:21:00,080 Speaker 1: have in our lives longer. I think that can all 473 00:21:00,200 --> 00:21:04,360 Speaker 1: us to avoid that perpetuation of consumerism. It's good not 474 00:21:04,400 --> 00:21:07,239 Speaker 1: only for society but our mindset as well, And so 475 00:21:07,440 --> 00:21:09,520 Speaker 1: finding ways to you know, purge stuff that we no 476 00:21:09,600 --> 00:21:11,440 Speaker 1: longer want or need in our lives, and then to 477 00:21:11,520 --> 00:21:14,720 Speaker 1: appreciate and be thankful for what we currently have that 478 00:21:14,840 --> 00:21:17,160 Speaker 1: is serving us well, that can give us a better 479 00:21:17,160 --> 00:21:19,960 Speaker 1: relationship to the things that we actually own. Yeah, Matt 480 00:21:20,160 --> 00:21:21,879 Speaker 1: in the I didn't really watch the show, and I 481 00:21:21,880 --> 00:21:23,920 Speaker 1: haven't read any of her books, but I know about 482 00:21:23,920 --> 00:21:25,960 Speaker 1: Marie Condo, and I know that every time she tells 483 00:21:25,960 --> 00:21:28,160 Speaker 1: someone to to give away an item, like when they're 484 00:21:28,160 --> 00:21:31,280 Speaker 1: purging and they've got too much stuff, she tells you 485 00:21:31,320 --> 00:21:34,239 Speaker 1: to to thank the item, which which is interesting, right, 486 00:21:34,280 --> 00:21:36,560 Speaker 1: And I think it does like there's this psychological impact 487 00:21:36,600 --> 00:21:38,480 Speaker 1: that it has on someone as they were releasing something 488 00:21:38,480 --> 00:21:41,480 Speaker 1: and they're thanking it for its service. And I think 489 00:21:41,560 --> 00:21:43,600 Speaker 1: if we almost need to do that with the stuff 490 00:21:43,600 --> 00:21:46,000 Speaker 1: that we currently own, to a certain extent, be thankful 491 00:21:46,000 --> 00:21:47,360 Speaker 1: for it. And I don't want to get woo woo 492 00:21:47,359 --> 00:21:50,399 Speaker 1: and weird, but just be thankful for the things that 493 00:21:50,440 --> 00:21:53,120 Speaker 1: you actually currently have that you're using, that are meaningful 494 00:21:53,160 --> 00:21:55,000 Speaker 1: to you. And I think if we take that approach, 495 00:21:55,119 --> 00:21:56,600 Speaker 1: we're less likely to be like, you know, I need 496 00:21:56,640 --> 00:21:59,720 Speaker 1: more stuff. We can appreciate the quality things that we buy, 497 00:22:00,040 --> 00:22:01,960 Speaker 1: and this has been a huge shift for me because 498 00:22:02,040 --> 00:22:04,720 Speaker 1: I used to be someone who was all about buying 499 00:22:04,760 --> 00:22:08,359 Speaker 1: stuff cheaply, as inexpensively as possible and having more of it. 500 00:22:08,600 --> 00:22:10,280 Speaker 1: And now I've kind of taken a huge one eight 501 00:22:10,440 --> 00:22:13,080 Speaker 1: on this and I'm all about owning fewer things that 502 00:22:13,160 --> 00:22:15,239 Speaker 1: I'm going to utilize the heck out of and then 503 00:22:15,240 --> 00:22:18,560 Speaker 1: are gonna be like super meaningful staples for me. Yeah, minimalist, Joel, 504 00:22:18,600 --> 00:22:20,520 Speaker 1: that's gonna be your new new podcast. I don't think 505 00:22:20,560 --> 00:22:22,560 Speaker 1: minimalists have as much art on the walls as I do. 506 00:22:22,600 --> 00:22:26,000 Speaker 1: But yeah, so I'm definitely not a minimalist by any 507 00:22:26,000 --> 00:22:28,720 Speaker 1: stretch of the imagination. But but it has been interesting 508 00:22:28,760 --> 00:22:31,159 Speaker 1: to see that how it's changed my life and how 509 00:22:31,160 --> 00:22:33,359 Speaker 1: it's changed my relationship to my stuff. Instead of having 510 00:22:33,680 --> 00:22:36,840 Speaker 1: more stuff, it's like having this stuff that I actually appreciate. Yeah, 511 00:22:36,840 --> 00:22:38,720 Speaker 1: it's better to have a few things that you really 512 00:22:38,720 --> 00:22:41,439 Speaker 1: love than a bunch of stuff that you sort of like. Right, 513 00:22:42,080 --> 00:22:43,960 Speaker 1: And something else We've got to mention as well, if 514 00:22:44,160 --> 00:22:47,440 Speaker 1: you're looking to purchase some stuff, don't forget to buy 515 00:22:47,440 --> 00:22:49,400 Speaker 1: a second hand. The more that we can get our 516 00:22:49,480 --> 00:22:53,000 Speaker 1: stuff used instead of brand new. Obviously, when you're buying 517 00:22:53,040 --> 00:22:56,760 Speaker 1: something used, oftentimes it's gonna cost you a lot less money. 518 00:22:57,040 --> 00:22:58,639 Speaker 1: And on top of that, there's a good chance you 519 00:22:58,680 --> 00:23:01,639 Speaker 1: can buy something that's higher quality for less money than 520 00:23:01,680 --> 00:23:04,840 Speaker 1: you could buy something of lower quality just easily on 521 00:23:04,880 --> 00:23:07,199 Speaker 1: the internet. Yeah, and and even like if you're comparing 522 00:23:07,240 --> 00:23:09,840 Speaker 1: apples to apples, like we needed to get a new 523 00:23:09,920 --> 00:23:12,960 Speaker 1: high chair for our four month old son. We didn't 524 00:23:12,960 --> 00:23:14,439 Speaker 1: have one from the previous kids. I'm not sure what 525 00:23:14,480 --> 00:23:15,800 Speaker 1: we did with it. We probably sold it to the 526 00:23:15,840 --> 00:23:18,040 Speaker 1: yard sale or something like that. So we needed another one, 527 00:23:18,440 --> 00:23:20,879 Speaker 1: and it would have been so easy for us just 528 00:23:20,960 --> 00:23:23,760 Speaker 1: to do a quick purchase on Amazon. It is friction 529 00:23:23,840 --> 00:23:26,280 Speaker 1: lest Yeah, we found the high chair we wanted. It 530 00:23:26,320 --> 00:23:28,840 Speaker 1: was forty five bucks. And then I said, you know what, 531 00:23:29,080 --> 00:23:31,080 Speaker 1: m let's take a quick look on Facebook yard sale. 532 00:23:31,280 --> 00:23:33,680 Speaker 1: They're like eight people selling this exact same high chair. 533 00:23:33,840 --> 00:23:35,840 Speaker 1: We found one right around the corner from us that 534 00:23:35,920 --> 00:23:38,160 Speaker 1: was selling it for ten bucks. And I think ultimately 535 00:23:38,480 --> 00:23:42,240 Speaker 1: just the increased friction, if you dedicate yourself to buying used, 536 00:23:42,520 --> 00:23:44,639 Speaker 1: it can actually not only lower the price, but it 537 00:23:44,640 --> 00:23:47,000 Speaker 1: makes you more intentional about the stuff that you actually 538 00:23:47,000 --> 00:23:49,879 Speaker 1: do bring into your life. Because of the increased time 539 00:23:49,960 --> 00:23:52,560 Speaker 1: and the nature of buying something used. Typically it makes 540 00:23:52,600 --> 00:23:54,800 Speaker 1: you think twice about whether you really needed and so 541 00:23:54,840 --> 00:23:56,280 Speaker 1: I don't know that was the case for us who 542 00:23:56,320 --> 00:23:58,560 Speaker 1: took the approach to buy used as opposed to new, 543 00:23:58,880 --> 00:24:00,600 Speaker 1: and it not only did it save us money, but 544 00:24:00,640 --> 00:24:02,600 Speaker 1: I feel like it made us make a more thoughtful 545 00:24:02,640 --> 00:24:05,760 Speaker 1: and intentional decision about bringing that new high chair into 546 00:24:05,800 --> 00:24:08,359 Speaker 1: our lives in the first place. Yes, certainly, buying used, 547 00:24:08,400 --> 00:24:10,760 Speaker 1: in buying secondhand, it definitely kind of gums up the 548 00:24:10,800 --> 00:24:14,280 Speaker 1: consumption gears a little bit something else, Joel. Not being 549 00:24:14,560 --> 00:24:17,400 Speaker 1: thoughtful with our stuff and our experiences that can cause 550 00:24:17,480 --> 00:24:19,399 Speaker 1: us to get caught up in the rat race. And 551 00:24:19,440 --> 00:24:21,160 Speaker 1: what does this cause us to do, Joel, This causes 552 00:24:21,240 --> 00:24:24,440 Speaker 1: us to overwork, Right, we have to fund all these 553 00:24:24,480 --> 00:24:26,720 Speaker 1: purchases that we're making. Yeah, I think that's an important 554 00:24:26,720 --> 00:24:30,440 Speaker 1: thing to note, Matt. Like taking that approach of intentionality 555 00:24:30,520 --> 00:24:34,320 Speaker 1: and how we think about experiences and stuff and how 556 00:24:34,359 --> 00:24:37,520 Speaker 1: we spend our money in regards to both. Ultimately, it 557 00:24:37,560 --> 00:24:40,280 Speaker 1: allows us to prioritize the things that truly matter and 558 00:24:40,320 --> 00:24:42,199 Speaker 1: not be caught up in the rat race and be 559 00:24:42,280 --> 00:24:44,879 Speaker 1: forced to work to pay for the things and experiences 560 00:24:45,040 --> 00:24:47,040 Speaker 1: that didn't actually move the needle for us, and so 561 00:24:47,119 --> 00:24:49,680 Speaker 1: that is an important part of this whole equation of 562 00:24:49,840 --> 00:24:52,720 Speaker 1: spending mindfully. All Right, Joe, we're gonna take a quick break. 563 00:24:52,800 --> 00:24:55,960 Speaker 1: But basically what we're talking about here is mindful spending, right, 564 00:24:56,400 --> 00:24:59,880 Speaker 1: and sometimes it can be difficult to figure out if 565 00:25:00,040 --> 00:25:02,400 Speaker 1: you are spending mindfully, and so we're going to discuss 566 00:25:02,440 --> 00:25:04,680 Speaker 1: a few sort of lenses that we can view our 567 00:25:04,680 --> 00:25:17,280 Speaker 1: purchases through and we're gonna get to that next. All right, Matt, 568 00:25:17,320 --> 00:25:19,400 Speaker 1: we're back from the breaking. We're asking the question today 569 00:25:19,400 --> 00:25:21,880 Speaker 1: on the show. Our experience is better than stuff, and 570 00:25:22,400 --> 00:25:24,399 Speaker 1: you know, there are some lenses that we have to 571 00:25:24,440 --> 00:25:27,680 Speaker 1: consider in order to make a wise decision in regards 572 00:25:27,680 --> 00:25:31,040 Speaker 1: to both. And we discussed how experiences lose their value 573 00:25:31,040 --> 00:25:34,840 Speaker 1: when we mindlessly spend on those experiences like we often 574 00:25:34,880 --> 00:25:37,719 Speaker 1: do when we're buying stuff. So how do we make 575 00:25:37,760 --> 00:25:40,520 Speaker 1: a good decision before we buy what the core of it? 576 00:25:40,520 --> 00:25:43,399 Speaker 1: It's mindful spending. That's what we're looking to do, and 577 00:25:43,440 --> 00:25:45,480 Speaker 1: that's crucial whether we're talking about either of these things. 578 00:25:45,480 --> 00:25:49,040 Speaker 1: But aligning our spending with what we truly value is 579 00:25:49,040 --> 00:25:51,200 Speaker 1: going to lead to a lot more happiness in our lives, 580 00:25:51,200 --> 00:25:53,520 Speaker 1: and that can be difficult to do. So let's specify 581 00:25:53,560 --> 00:25:55,239 Speaker 1: a few of these lenses that really do help us 582 00:25:55,280 --> 00:25:58,520 Speaker 1: make it more informed decision when we're thinking about purchasing 583 00:25:58,520 --> 00:26:00,600 Speaker 1: either one. Yeah, I think the first thing that we 584 00:26:00,640 --> 00:26:02,600 Speaker 1: need to do, man, is to look to others. Like 585 00:26:02,640 --> 00:26:05,119 Speaker 1: what I'm talking about here our relationships, and so a 586 00:26:05,240 --> 00:26:08,320 Speaker 1: question we should ask ourselves before spending money is how 587 00:26:08,320 --> 00:26:10,680 Speaker 1: can this item or how can this experience add value 588 00:26:10,680 --> 00:26:15,200 Speaker 1: to our lives by deepening meaningful relationships. This is often 589 00:26:15,240 --> 00:26:18,719 Speaker 1: a reason why our generation tends to value experiences over stuff, 590 00:26:18,800 --> 00:26:22,159 Speaker 1: because like we're often joining friends on these experiences, right 591 00:26:22,200 --> 00:26:24,520 Speaker 1: like a vacation or a trip. But the same I 592 00:26:24,560 --> 00:26:27,320 Speaker 1: think can be true of stuff as well. You know 593 00:26:27,320 --> 00:26:29,159 Speaker 1: you already mentioned bikes, but it's it's one of our 594 00:26:29,200 --> 00:26:33,280 Speaker 1: favorite things. It's something that can lead to countless free 595 00:26:33,359 --> 00:26:36,439 Speaker 1: right like quote unquote free experiences that can allow for 596 00:26:36,480 --> 00:26:38,960 Speaker 1: a relationship to deepened. I also think of another friend 597 00:26:38,960 --> 00:26:42,200 Speaker 1: of ours who he's really in depends and he tease 598 00:26:42,280 --> 00:26:45,480 Speaker 1: him about a lot because he has a really expensive 599 00:26:45,560 --> 00:26:47,760 Speaker 1: fountain pens, all sorts of pens. But he goes to 600 00:26:47,800 --> 00:26:50,560 Speaker 1: these different pen conventions and he's made a lot of friends. 601 00:26:50,840 --> 00:26:52,840 Speaker 1: I think he's even gone on vacation, like on a 602 00:26:52,840 --> 00:26:55,520 Speaker 1: trip with with a friend that he met at a 603 00:26:55,560 --> 00:26:59,639 Speaker 1: pen convention. And so because of this item, these, you know, 604 00:26:59,680 --> 00:27:02,240 Speaker 1: the off that he purchases, his life is richer and 605 00:27:02,320 --> 00:27:05,480 Speaker 1: better because of it. He listens to podcasts about pens, yeah, 606 00:27:05,760 --> 00:27:08,400 Speaker 1: which I didn't know that truly exists. Yeah, that's hardcore. 607 00:27:08,480 --> 00:27:10,520 Speaker 1: I know, I didn't know that a thing. Yeah, I mean, 608 00:27:10,600 --> 00:27:14,439 Speaker 1: you're right, bonding over something, even a material possession, if 609 00:27:14,440 --> 00:27:17,239 Speaker 1: you're into it enough, can lead to deeper relationships. Man. 610 00:27:17,240 --> 00:27:18,919 Speaker 1: I mean, we're super into money. We go to a 611 00:27:18,960 --> 00:27:22,080 Speaker 1: money nerd conference every year, and we've got great relationships 612 00:27:22,119 --> 00:27:24,119 Speaker 1: with with so many people because of that, many of 613 00:27:24,160 --> 00:27:26,440 Speaker 1: whom we've had as guests on the show. So although 614 00:27:26,440 --> 00:27:28,280 Speaker 1: that's different, right, it's not the same thing as bonding 615 00:27:28,280 --> 00:27:30,760 Speaker 1: over pens. Um It is just fascinating how you can 616 00:27:30,920 --> 00:27:32,840 Speaker 1: bond with people over something like that. Yeah. And so 617 00:27:32,920 --> 00:27:35,800 Speaker 1: in this case, it's not that he's necessarily gaining all 618 00:27:35,840 --> 00:27:38,800 Speaker 1: of this value from that one specific object or the 619 00:27:38,880 --> 00:27:41,520 Speaker 1: countless specific objects that he has, because he has a 620 00:27:41,560 --> 00:27:44,080 Speaker 1: bunch of pens. But in this case, we're talking about 621 00:27:44,080 --> 00:27:47,120 Speaker 1: relationship and when you can see your network and your 622 00:27:47,119 --> 00:27:50,840 Speaker 1: friendships develop and blossom and see them spread because of 623 00:27:50,880 --> 00:27:53,880 Speaker 1: an item, well that's a serious benefit that's worth considering. Yeah, 624 00:27:53,880 --> 00:27:56,040 Speaker 1: it's interesting how what started off as kind of an 625 00:27:56,040 --> 00:27:57,960 Speaker 1: obsession with an item has been turned into kind of 626 00:27:58,000 --> 00:28:00,560 Speaker 1: like a hobby that was part of his life expanded 627 00:28:00,600 --> 00:28:04,760 Speaker 1: as relationships. So, yeah, another really important filter or lens 628 00:28:04,800 --> 00:28:07,440 Speaker 1: that we need to consider when we're making a purchase 629 00:28:07,640 --> 00:28:10,360 Speaker 1: is the utility of it. We should really be considering 630 00:28:10,560 --> 00:28:12,639 Speaker 1: what is the problem that we have in our lives 631 00:28:12,640 --> 00:28:15,200 Speaker 1: that this purchase is going to solve. And this specific 632 00:28:15,320 --> 00:28:18,199 Speaker 1: lens really mostly applies to buying stuff. But if you 633 00:28:18,240 --> 00:28:20,600 Speaker 1: find yourself not really being able to come up with 634 00:28:20,640 --> 00:28:23,280 Speaker 1: a real problem, then it's time to ask yourself, why 635 00:28:23,280 --> 00:28:25,159 Speaker 1: do I want this thing? Why am I saying that 636 00:28:25,200 --> 00:28:28,000 Speaker 1: I need this thing but I can't even really identify 637 00:28:28,160 --> 00:28:30,600 Speaker 1: why I need it? And in those situations, allow yourself 638 00:28:30,640 --> 00:28:34,080 Speaker 1: to take some time and pause before you click to buy. 639 00:28:34,400 --> 00:28:37,080 Speaker 1: It makes me think of like infomercials where they're trying 640 00:28:37,080 --> 00:28:39,040 Speaker 1: to convince you that you have this problem in your life, 641 00:28:39,160 --> 00:28:41,080 Speaker 1: but in reality, it's like, that's not a real problem 642 00:28:41,120 --> 00:28:43,400 Speaker 1: I have. Yeah, and you have twenty nine minutes to 643 00:28:43,440 --> 00:28:47,520 Speaker 1: call in order to get the deal. Those those infomercials. 644 00:28:47,560 --> 00:28:49,880 Speaker 1: I don't know, but I think I to exist in 645 00:28:49,920 --> 00:28:51,760 Speaker 1: some way form or fashion, like somebody has to be 646 00:28:51,840 --> 00:28:55,640 Speaker 1: selling the ad roller. Plus I completely remember in high 647 00:28:55,640 --> 00:28:58,000 Speaker 1: school staying up late at night talking to my friends 648 00:28:58,040 --> 00:28:59,880 Speaker 1: on the phone and we were totally watching infomercials, just 649 00:29:00,240 --> 00:29:04,240 Speaker 1: making fun of um, yeah, a little nerd uh. Yeah, 650 00:29:04,240 --> 00:29:06,239 Speaker 1: I was in a weird stuff back then. But this 651 00:29:06,280 --> 00:29:08,120 Speaker 1: totally makes me think Matt of a purchase that I 652 00:29:08,160 --> 00:29:11,680 Speaker 1: made recently. There's this really really cool backpack that I 653 00:29:11,720 --> 00:29:15,240 Speaker 1: was really excited about, but it wasn't anything that I 654 00:29:15,280 --> 00:29:18,320 Speaker 1: actually needed. Was one of those roll top backpacks that 655 00:29:18,400 --> 00:29:20,920 Speaker 1: like that the different bikers wear. No, it wasn't that. Then. 656 00:29:20,920 --> 00:29:23,440 Speaker 1: It wasn't a cool backpack. Those are dope. No, it's 657 00:29:23,520 --> 00:29:25,120 Speaker 1: kind of one of the ones that like it's like 658 00:29:25,120 --> 00:29:28,160 Speaker 1: a butterfly opening and so it it's it's like a 659 00:29:28,200 --> 00:29:31,120 Speaker 1: suitcase at the same time, Oh, I know what you're saying. Yeah, 660 00:29:31,160 --> 00:29:33,440 Speaker 1: and so it's like a clamshell, yeah exactly. And I 661 00:29:33,440 --> 00:29:35,400 Speaker 1: was super into it because I realized, like, when I'm 662 00:29:35,400 --> 00:29:38,400 Speaker 1: traveling that instead of rolling a suitcase behind me, how 663 00:29:38,440 --> 00:29:39,920 Speaker 1: cool is it? How much better is it to have 664 00:29:39,960 --> 00:29:42,920 Speaker 1: a backpack instead? It seems pretty rad, seems cool. So 665 00:29:43,400 --> 00:29:45,080 Speaker 1: I bought it, and then I realized, you know what, 666 00:29:45,120 --> 00:29:48,400 Speaker 1: I've got a great rolling suitcase. I don't need this thing. 667 00:29:48,560 --> 00:29:51,480 Speaker 1: It's not like it's something that's actually important to me. 668 00:29:51,800 --> 00:29:54,400 Speaker 1: And so but but I did kind of similar to 669 00:29:54,400 --> 00:29:57,280 Speaker 1: the informercial thing. I bought it because it was on 670 00:29:57,320 --> 00:29:59,720 Speaker 1: sale for a limited time in the lead up to Christmas, 671 00:30:00,000 --> 00:30:02,440 Speaker 1: and so I bought it, and then I decided, you 672 00:30:02,480 --> 00:30:04,720 Speaker 1: know what, this is not something I need. What I'm 673 00:30:04,760 --> 00:30:06,960 Speaker 1: doing is I'm trying to like plug a happiness hole 674 00:30:07,000 --> 00:30:09,840 Speaker 1: as opposed to actually fill a need in my life. 675 00:30:09,880 --> 00:30:12,440 Speaker 1: And so I returned it, you know, after thinking about 676 00:30:12,440 --> 00:30:15,840 Speaker 1: the purchase, albeit on the back end. But I just 677 00:30:15,920 --> 00:30:18,440 Speaker 1: didn't need a cool travel backpack. Uh. And you know what, 678 00:30:18,480 --> 00:30:21,120 Speaker 1: if even if I decided I did after more deliberation, 679 00:30:21,240 --> 00:30:23,920 Speaker 1: I could probably find it used for a much better 680 00:30:23,960 --> 00:30:26,200 Speaker 1: price from some other times somewhere else. And when you 681 00:30:26,200 --> 00:30:27,760 Speaker 1: get used, you don't have to spend all that time 682 00:30:27,840 --> 00:30:30,400 Speaker 1: ripping the tags off and removing the stickers. You know, 683 00:30:30,680 --> 00:30:33,000 Speaker 1: all that takes time as well, exactly throwing away the 684 00:30:33,120 --> 00:30:35,400 Speaker 1: packaging all that stuff. Yeah, well, and Joe something else 685 00:30:35,520 --> 00:30:37,560 Speaker 1: you kind of alluded to their, right, you're talking about 686 00:30:37,600 --> 00:30:40,520 Speaker 1: looking at a purchase in retrospect, like looking back at it. 687 00:30:40,760 --> 00:30:42,240 Speaker 1: I want to kind of flip that on its head 688 00:30:42,240 --> 00:30:44,479 Speaker 1: a little bit. And this is gonna be harder to do, 689 00:30:44,520 --> 00:30:46,840 Speaker 1: but we want to encourage folks to look at a 690 00:30:46,880 --> 00:30:49,920 Speaker 1: purchase in the future before you make that purchase, right 691 00:30:50,040 --> 00:30:53,760 Speaker 1: Michael J. Fox style. Yeah, but for both stuff and experiences, 692 00:30:54,160 --> 00:30:56,000 Speaker 1: try to look in the future and do your best 693 00:30:56,120 --> 00:30:58,959 Speaker 1: to try to imagine how you're going to feel about 694 00:30:59,000 --> 00:31:01,000 Speaker 1: that purchase and a couple of months, how you're gonna 695 00:31:01,000 --> 00:31:03,000 Speaker 1: feel about it in a year, even five years down 696 00:31:03,080 --> 00:31:07,240 Speaker 1: the road. If you feel even a twinge of awkward 697 00:31:07,280 --> 00:31:09,920 Speaker 1: regret now, then there's a good chance that that will 698 00:31:10,000 --> 00:31:12,040 Speaker 1: definitely be the case in the future. You know, Like, 699 00:31:12,040 --> 00:31:15,200 Speaker 1: if you don't feel good about a purchase, you're you're 700 00:31:15,200 --> 00:31:16,880 Speaker 1: not gonna feel good about that purchase in a month 701 00:31:16,960 --> 00:31:18,440 Speaker 1: or two months or a year. And I think you 702 00:31:18,440 --> 00:31:21,479 Speaker 1: can apply this one definitely to stuff and experiences. If 703 00:31:21,520 --> 00:31:23,160 Speaker 1: it's a big time trip and a couple of your 704 00:31:23,160 --> 00:31:25,080 Speaker 1: friends are going on it and you're like, I just 705 00:31:25,200 --> 00:31:27,120 Speaker 1: don't feel like I have the money right now to 706 00:31:27,200 --> 00:31:30,520 Speaker 1: actually make this happen, but you do it anyway, mostly 707 00:31:30,520 --> 00:31:32,680 Speaker 1: out of peer pressure. Odds are you didn't take this 708 00:31:32,720 --> 00:31:35,480 Speaker 1: step and actually look to what your future self a 709 00:31:35,560 --> 00:31:38,320 Speaker 1: year or five years from now would would be thinking 710 00:31:38,360 --> 00:31:40,120 Speaker 1: and how you feel about it, because if you did, 711 00:31:40,240 --> 00:31:43,520 Speaker 1: you'd probably have a different viewpoint and you wouldn't be 712 00:31:43,600 --> 00:31:46,080 Speaker 1: as likely to kind of jump on it just because 713 00:31:46,320 --> 00:31:47,960 Speaker 1: everybody else is doing it. Yeah, it makes me think 714 00:31:47,960 --> 00:31:49,640 Speaker 1: of concerts as well. Like if you're talking about planning 715 00:31:49,640 --> 00:31:51,600 Speaker 1: and looking ahead towards the concert, well, that's great. If 716 00:31:51,600 --> 00:31:54,200 Speaker 1: you're super stoked about a concert, great, it sounds like 717 00:31:54,200 --> 00:31:56,160 Speaker 1: you're all for it, right, But if it's maybe a 718 00:31:56,200 --> 00:31:58,800 Speaker 1: band that you've seen before and you're kind of like, well, 719 00:31:58,840 --> 00:32:00,800 Speaker 1: this is what I do, but like, well, do you 720 00:32:00,840 --> 00:32:02,520 Speaker 1: really have to do that? Like you've already seen them 721 00:32:02,520 --> 00:32:04,000 Speaker 1: two or three times? Like, how is this going to 722 00:32:04,040 --> 00:32:06,600 Speaker 1: be different this time? Uh? And in a few years, 723 00:32:06,760 --> 00:32:08,360 Speaker 1: are you gonna feel good about the fact that you 724 00:32:08,400 --> 00:32:11,240 Speaker 1: made it to that third Abor Brothers concert? Jol or 725 00:32:11,280 --> 00:32:13,080 Speaker 1: you know, would you've just been happy with the first 726 00:32:13,080 --> 00:32:16,280 Speaker 1: two now? I mean, well we're talking Aby Brothers dude. Yeah, 727 00:32:16,720 --> 00:32:19,720 Speaker 1: you've got to go three times because they are truly 728 00:32:19,720 --> 00:32:21,720 Speaker 1: one of the best live bands out there. Totally, we're 729 00:32:21,720 --> 00:32:23,920 Speaker 1: seeing multiple times, I will say that, but I completely 730 00:32:23,960 --> 00:32:25,520 Speaker 1: understand what you're saying, and I think if we do 731 00:32:25,760 --> 00:32:28,040 Speaker 1: kind of take a little bit more of a future 732 00:32:28,160 --> 00:32:31,320 Speaker 1: US perspective before we make the purchase on either experiences 733 00:32:31,400 --> 00:32:34,080 Speaker 1: or stuff, we're likely to make a much better decision. Yeah, man, 734 00:32:34,120 --> 00:32:36,640 Speaker 1: totally agree. And you know what, what else is so 735 00:32:36,800 --> 00:32:39,920 Speaker 1: incredibly important for us to not do is to look 736 00:32:39,960 --> 00:32:43,080 Speaker 1: to others. The jones Is right, Like, they've been around forever, 737 00:32:43,360 --> 00:32:47,040 Speaker 1: those jerks, Yeah, they've always existed. But social media is 738 00:32:47,120 --> 00:32:51,320 Speaker 1: the enemy of being content with what we have. Instagram 739 00:32:51,320 --> 00:32:54,320 Speaker 1: and the other platforms out there has taken the Joneses 740 00:32:54,480 --> 00:32:57,040 Speaker 1: to an entirely different level. So so many of the 741 00:32:57,040 --> 00:32:59,600 Speaker 1: people that you know look rich, whether that be an 742 00:32:59,600 --> 00:33:02,120 Speaker 1: experiences or the stuff that they own, or you know, 743 00:33:02,120 --> 00:33:04,800 Speaker 1: take pictures of like they aren't actually rich, and the 744 00:33:04,840 --> 00:33:08,000 Speaker 1: money that they could have saved and invested towards building 745 00:33:08,000 --> 00:33:10,360 Speaker 1: freedom like instead that went out the door because of 746 00:33:10,400 --> 00:33:13,080 Speaker 1: their desire to look a certain way. Man, it makes 747 00:33:13,120 --> 00:33:15,360 Speaker 1: me think of Millionaire next Door, where there's a line 748 00:33:15,360 --> 00:33:17,160 Speaker 1: in there one of the authors where they said that 749 00:33:17,200 --> 00:33:19,560 Speaker 1: there are those who look rich and then there are 750 00:33:19,600 --> 00:33:21,960 Speaker 1: those who are rich, and we want to make sure 751 00:33:22,000 --> 00:33:25,320 Speaker 1: that we are the ones who are in actuality doing 752 00:33:25,360 --> 00:33:27,960 Speaker 1: smart things with our money, not those who look like 753 00:33:28,000 --> 00:33:30,200 Speaker 1: that they're living the life. Yeah. Yeah, completely, there's a 754 00:33:30,200 --> 00:33:32,360 Speaker 1: big difference there, and we're gonna be happier if we 755 00:33:32,440 --> 00:33:35,400 Speaker 1: have freedom on our side, right, not billions in the bank, 756 00:33:35,520 --> 00:33:38,520 Speaker 1: but freedom on our side. And at the same time, dude, 757 00:33:38,560 --> 00:33:41,760 Speaker 1: I feel like advertising has gotten so much sneakier. So 758 00:33:41,840 --> 00:33:44,440 Speaker 1: with cookies and all the information that companies like Facebook 759 00:33:44,440 --> 00:33:47,440 Speaker 1: and Amazon have on us, they can use some well 760 00:33:47,520 --> 00:33:51,520 Speaker 1: written algorithms to serve up really relevant ads to us consistently. 761 00:33:51,760 --> 00:33:54,480 Speaker 1: So be aware of the tools also that are used 762 00:33:54,720 --> 00:33:57,640 Speaker 1: to part you from your money. Maybe it's helpful to 763 00:33:57,840 --> 00:34:01,440 Speaker 1: get off Instagram altogether, or just use social media less, 764 00:34:01,560 --> 00:34:04,280 Speaker 1: or maybe install an ad blocker that prevents you from 765 00:34:04,280 --> 00:34:06,960 Speaker 1: seeing some of the stuff that all these advertisers want 766 00:34:07,000 --> 00:34:08,759 Speaker 1: you to see. Matt, I just saw a story the 767 00:34:08,840 --> 00:34:12,040 Speaker 1: other day about Google and how they changed what the 768 00:34:12,080 --> 00:34:13,880 Speaker 1: ads look like. They used to have a different color 769 00:34:13,920 --> 00:34:17,160 Speaker 1: background for the ads, They've completely removed it, and the 770 00:34:17,200 --> 00:34:20,400 Speaker 1: ads almost blending seamlessly with the results, it's harder to 771 00:34:20,480 --> 00:34:23,279 Speaker 1: decipher what's information and what's being paid to be served 772 00:34:23,360 --> 00:34:27,080 Speaker 1: up to you. Dude, I completely noticed that earlier this week. 773 00:34:27,160 --> 00:34:29,920 Speaker 1: It you know, it totally blends in what it does. Though, 774 00:34:29,960 --> 00:34:32,759 Speaker 1: it causes us to be more savvy, like we have 775 00:34:32,840 --> 00:34:36,680 Speaker 1: to be more savvy searchers, more savvy googlers when you know, 776 00:34:36,680 --> 00:34:39,520 Speaker 1: we're hopping on their searching for whatever random stuff we're 777 00:34:39,560 --> 00:34:41,560 Speaker 1: you know, we're looking up. Like in my case, I 778 00:34:41,600 --> 00:34:46,439 Speaker 1: looked up what insects create mud tubes because I saw 779 00:34:46,480 --> 00:34:48,799 Speaker 1: some mud tubes on the Girls Playhouse, you know, up 780 00:34:48,800 --> 00:34:51,280 Speaker 1: in the rafters. It turns out it's they're called mud dappers. 781 00:34:51,360 --> 00:34:53,239 Speaker 1: They're like these little wasps that that make these make 782 00:34:53,239 --> 00:34:55,160 Speaker 1: these little mud tubes. Did you actually only click the 783 00:34:55,200 --> 00:34:57,120 Speaker 1: ad to find that out or or did you scroll 784 00:34:57,160 --> 00:34:59,880 Speaker 1: past and find your first good search result? Dude, I'm savvy. 785 00:35:00,000 --> 00:35:01,840 Speaker 1: Not gonna catch me clicking on any of those ads. 786 00:35:02,160 --> 00:35:03,480 Speaker 1: Here's the thing, man. In the end, what we want 787 00:35:03,480 --> 00:35:06,440 Speaker 1: folks to hear us say, though, is that stuff is 788 00:35:06,480 --> 00:35:10,439 Speaker 1: not evil and experiences aren't evil either. However, there are 789 00:35:10,520 --> 00:35:13,800 Speaker 1: ways that we can derive greater happiness in the ways 790 00:35:13,880 --> 00:35:16,239 Speaker 1: that we pursue both of these things, if we are 791 00:35:16,280 --> 00:35:18,879 Speaker 1: mindful in our approach, will turn to one or the other, 792 00:35:19,080 --> 00:35:21,279 Speaker 1: or even both of these things to find happiness in 793 00:35:21,280 --> 00:35:23,680 Speaker 1: our lives, but they won't be able to give us 794 00:35:23,680 --> 00:35:25,719 Speaker 1: the happiness that we seek, and we're also going to 795 00:35:25,840 --> 00:35:27,960 Speaker 1: end up with less money too. Yeah, I think it's 796 00:35:27,960 --> 00:35:31,799 Speaker 1: important to state that this isn't something that we don't 797 00:35:31,800 --> 00:35:34,120 Speaker 1: struggle with, right. I think even folks who try to 798 00:35:34,120 --> 00:35:37,520 Speaker 1: be mindful, they realize in their attempts at mindfulness that 799 00:35:37,560 --> 00:35:40,200 Speaker 1: there are oftentimes that they don't do it well. And 800 00:35:40,640 --> 00:35:43,160 Speaker 1: I am tempted to to buy a backpack that I 801 00:35:43,200 --> 00:35:45,360 Speaker 1: don't actually need and then realize that I have to 802 00:35:45,360 --> 00:35:47,600 Speaker 1: return it, And I'm also attempted to to make the 803 00:35:47,680 --> 00:35:50,160 Speaker 1: quick purchase on Amazon. But the more that I can 804 00:35:50,200 --> 00:35:52,480 Speaker 1: incorporate these filters into my life, the more that I 805 00:35:52,520 --> 00:35:56,239 Speaker 1: can be mindful about my purchases of stuff or experiences, 806 00:35:56,440 --> 00:35:58,960 Speaker 1: the more joy I get out of both. Yeah. I 807 00:35:59,000 --> 00:36:00,960 Speaker 1: think that's so key, right, is that we can look 808 00:36:01,000 --> 00:36:04,640 Speaker 1: to purchases and experiences into the look for ways that 809 00:36:04,760 --> 00:36:07,640 Speaker 1: those things can enrich and the other areas in our 810 00:36:07,680 --> 00:36:10,760 Speaker 1: lives that matter more. We're not looking for fulfillment, enjoy 811 00:36:11,040 --> 00:36:14,680 Speaker 1: necessarily in these items alone, but in what those things 812 00:36:14,680 --> 00:36:17,040 Speaker 1: can do for the other areas of our lives, how 813 00:36:17,080 --> 00:36:20,680 Speaker 1: they can impact and brighten and beautify those areas for sure. 814 00:36:20,880 --> 00:36:23,680 Speaker 1: All Right, Matt, speaking of beautiful, let's talk about the 815 00:36:23,680 --> 00:36:25,960 Speaker 1: beer that we had on the show today. I like 816 00:36:26,040 --> 00:36:30,040 Speaker 1: that little transition. It was a beautiful, clear, golden beer. Yeah, 817 00:36:30,120 --> 00:36:31,680 Speaker 1: sure was. The beer we had on the show today 818 00:36:31,719 --> 00:36:34,319 Speaker 1: was divided sky a rye I p A by Four 819 00:36:34,320 --> 00:36:36,520 Speaker 1: Hands Brewing, and Matt, I don't think we've had a 820 00:36:36,600 --> 00:36:38,200 Speaker 1: Rye I PA on the show yet, So what was 821 00:36:38,239 --> 00:36:39,640 Speaker 1: your take on this one? Yeah, it's been a minute. 822 00:36:39,680 --> 00:36:41,200 Speaker 1: So for me, anytime I have a rye I PA, 823 00:36:41,239 --> 00:36:44,000 Speaker 1: it always has this sort of like spicy character to it, 824 00:36:44,400 --> 00:36:46,319 Speaker 1: like pepper, Like that's what I always kind of come 825 00:36:46,320 --> 00:36:48,320 Speaker 1: back to you because it feels a little bit dry, 826 00:36:48,320 --> 00:36:50,120 Speaker 1: but it's not spicy hot, but it just kind of 827 00:36:50,120 --> 00:36:52,360 Speaker 1: has like this kind of pepperiness to it. So it 828 00:36:52,440 --> 00:36:54,520 Speaker 1: definitely had that going on. But then it also had 829 00:36:54,680 --> 00:36:57,440 Speaker 1: this nice balance between like the floral hops as well 830 00:36:57,480 --> 00:37:00,680 Speaker 1: as like a multibody classic I p A but with 831 00:37:00,760 --> 00:37:04,000 Speaker 1: just like a little bit of black pepper cracked into it. Yeah, 832 00:37:04,080 --> 00:37:06,279 Speaker 1: I'm a huge fan of cracked black pepper by the way, 833 00:37:06,320 --> 00:37:08,719 Speaker 1: so yeah, I got some of those nice spicy ry 834 00:37:08,840 --> 00:37:10,759 Speaker 1: notes going on, and then also at the same time, 835 00:37:11,200 --> 00:37:13,440 Speaker 1: I thought some kind of piny hop notes with that 836 00:37:13,520 --> 00:37:16,240 Speaker 1: malt background, and so yeah, it was a really interesting 837 00:37:16,239 --> 00:37:18,960 Speaker 1: flavor profile. I really dug it. And it's not every 838 00:37:19,040 --> 00:37:21,040 Speaker 1: day that you have a rye I p A. They did, 839 00:37:21,280 --> 00:37:23,160 Speaker 1: just not many people make them, so it was fun 840 00:37:23,160 --> 00:37:24,480 Speaker 1: to get to try. This one. Is a big thanks 841 00:37:24,480 --> 00:37:27,280 Speaker 1: for our listener, Justin for sending this one our way. Yeah, Justin, 842 00:37:27,320 --> 00:37:29,960 Speaker 1: thanks so much for that, beer Man. We really appreciate it. 843 00:37:30,040 --> 00:37:31,640 Speaker 1: So Joel, that's gonna be it for this episode. Our 844 00:37:31,640 --> 00:37:33,560 Speaker 1: listeners can head over to our website at how some 845 00:37:33,600 --> 00:37:35,439 Speaker 1: money dot com, where you can find our show notes 846 00:37:35,560 --> 00:37:38,000 Speaker 1: as well as some of the other articles and resources 847 00:37:38,040 --> 00:37:40,040 Speaker 1: that we've been working on. Yeah, and if you're a 848 00:37:40,040 --> 00:37:43,040 Speaker 1: longtime listener and you are still nervous to talk about 849 00:37:43,120 --> 00:37:45,279 Speaker 1: money with your friends, well, you know what, Why not 850 00:37:45,400 --> 00:37:47,440 Speaker 1: tell a friend about the show you've been listening to 851 00:37:47,640 --> 00:37:50,080 Speaker 1: and the things you've been learning about money. Telling your 852 00:37:50,120 --> 00:37:52,640 Speaker 1: friend about a podcast you're into is the quickest way 853 00:37:52,640 --> 00:37:54,480 Speaker 1: to spread the word and it can also kind of 854 00:37:54,480 --> 00:37:56,799 Speaker 1: open up those money conversations with friends that can be 855 00:37:56,840 --> 00:37:59,960 Speaker 1: so impactful. So yeah, maybe sharing this episode or another 856 00:38:00,040 --> 00:38:02,640 Speaker 1: one with a friend could be great for that relationship, 857 00:38:02,640 --> 00:38:05,000 Speaker 1: and it also really helps our show at the same time. 858 00:38:05,040 --> 00:38:07,560 Speaker 1: So we appreciate all of our listeners so much. Thank 859 00:38:07,600 --> 00:38:09,719 Speaker 1: you for the ways you support our show. All Right, Matt, 860 00:38:09,760 --> 00:38:12,439 Speaker 1: that's going to be it for this episode until next time, 861 00:38:12,840 --> 00:38:14,600 Speaker 1: Best Friends Out, Best Friends Out,