1
00:00:00,080 --> 00:00:03,000
Speaker 1: Welcome to How the Money. I'm Joel and I am Matt,

2
00:00:03,000 --> 00:00:06,400
Speaker 1: and today we're talking navigating the new era of cheap

3
00:00:06,400 --> 00:00:29,000
Speaker 1: travel with Scott Kais. That's right, friend of the show,

4
00:00:29,120 --> 00:00:32,159
Speaker 1: Scott Kais is joining us. We've talked with him about

5
00:00:32,200 --> 00:00:34,720
Speaker 1: affordable travel before, but we're excited to sit down with

6
00:00:34,800 --> 00:00:37,920
Speaker 1: him for an in depth conversation today. If you don't know,

7
00:00:37,960 --> 00:00:40,720
Speaker 1: Scott is the founder of Scott's Cheap Flights, which is

8
00:00:40,720 --> 00:00:43,280
Speaker 1: a travel platform with over two million members around the world.

9
00:00:43,400 --> 00:00:46,680
Speaker 1: It's been called the travel world's best kept secret by thrillists.

10
00:00:46,960 --> 00:00:50,080
Speaker 1: It's received praise in the New York Times, among others.

11
00:00:50,440 --> 00:00:53,159
Speaker 1: But before he became our favorite expert on ways to

12
00:00:53,280 --> 00:00:56,800
Speaker 1: keep vacation costs down, Scott worked for years as a journalist.

13
00:00:57,080 --> 00:00:59,440
Speaker 1: He had byelines in The Washington Post, The Atlantic, plenty

14
00:00:59,440 --> 00:01:02,680
Speaker 1: of other publications, and now he's published a book titled

15
00:01:02,840 --> 00:01:07,160
Speaker 1: Take More Vacations, which will discuss today as well. So yeah,

16
00:01:07,200 --> 00:01:09,200
Speaker 1: with you know virtually everyone out there clamoring to take

17
00:01:09,200 --> 00:01:12,679
Speaker 1: a vacation, we are really excited to be talking about

18
00:01:12,760 --> 00:01:16,280
Speaker 1: this topic today. So Scott, thank you for joining us today.

19
00:01:16,640 --> 00:01:18,480
Speaker 1: Thanks so much for having me excited to be here.

20
00:01:18,800 --> 00:01:21,360
Speaker 1: We're glad to have you, Scott. And the question we

21
00:01:21,400 --> 00:01:23,640
Speaker 1: ask everyone first off when they come on the show,

22
00:01:23,680 --> 00:01:26,440
Speaker 1: every guest is what they like to supore John, Matt

23
00:01:26,480 --> 00:01:29,039
Speaker 1: and I. One of our favorite things is craft beer.

24
00:01:29,440 --> 00:01:31,880
Speaker 1: But yeah, do you have something like that in your

25
00:01:31,880 --> 00:01:33,280
Speaker 1: life that you like to every time you get some

26
00:01:33,319 --> 00:01:36,480
Speaker 1: extra dollars that aren't going towards investments or saving that

27
00:01:36,560 --> 00:01:39,720
Speaker 1: you're maybe like, yeah, sporting on a specific activity or

28
00:01:39,760 --> 00:01:43,600
Speaker 1: item you know I do, And it's, uh, it's so

29
00:01:43,720 --> 00:01:46,800
Speaker 1: on brand that it's almost disgusting, but it's credit card

30
00:01:46,880 --> 00:01:52,080
Speaker 1: annual fees. The binder of credit cards that I have

31
00:01:52,240 --> 00:01:56,040
Speaker 1: would astound folks. And probably are you talking about like

32
00:01:56,040 --> 00:01:59,080
Speaker 1: like like baseball card collection kind of stop by baseball cards.

33
00:01:59,080 --> 00:02:04,120
Speaker 1: We're talking fast sleeves. We're talking you know, uh collated

34
00:02:04,640 --> 00:02:09,080
Speaker 1: uh spreadsheets, keeping track of everything. It's uh, it's really

35
00:02:09,160 --> 00:02:10,919
Speaker 1: over the top. And you know, look for a lot

36
00:02:10,960 --> 00:02:14,800
Speaker 1: of people, mightn't be indicative of some pretty poor financial habits.

37
00:02:14,840 --> 00:02:17,520
Speaker 1: But if you can handle it responsibly, treat your credit

38
00:02:17,520 --> 00:02:20,119
Speaker 1: cards like debit cards, don't spend money you don't have,

39
00:02:20,560 --> 00:02:23,760
Speaker 1: then it can be good. It can be a real

40
00:02:23,840 --> 00:02:27,959
Speaker 1: boon for your frequent flyer mile balances for uh and

41
00:02:28,120 --> 00:02:30,440
Speaker 1: and other things. And so that's where I splurge is

42
00:02:30,720 --> 00:02:35,359
Speaker 1: being willing to eat those credit card annual fees. There

43
00:02:35,680 --> 00:02:38,600
Speaker 1: nine five bucks here and there. There's some that I'm

44
00:02:38,760 --> 00:02:41,160
Speaker 1: lowth to even admit how expensive some of them are,

45
00:02:41,240 --> 00:02:47,000
Speaker 1: but you know, it's unbelievable, unbelievable, Yeah they I mean

46
00:02:47,000 --> 00:02:51,399
Speaker 1: the AMEX Platinum up to close to seven y yeah,

47
00:02:51,400 --> 00:02:55,600
Speaker 1: I think it's six if I recall. And so splurging

48
00:02:55,639 --> 00:02:59,079
Speaker 1: on those as long as there's a really lucrative sign

49
00:02:59,160 --> 00:03:01,040
Speaker 1: up bonus or something thing that makes it worth it

50
00:03:01,200 --> 00:03:03,920
Speaker 1: is where I like to uh feel good about splurging.

51
00:03:04,520 --> 00:03:06,680
Speaker 1: Maybe you can you can send a picture our away

52
00:03:06,800 --> 00:03:09,240
Speaker 1: of your mind. I really would love to see that

53
00:03:09,280 --> 00:03:12,000
Speaker 1: many credit cards. It was one of the things that

54
00:03:12,120 --> 00:03:15,320
Speaker 1: most astounded you know, uh, Scott See Flights is an

55
00:03:15,320 --> 00:03:17,959
Speaker 1: all remote company. We got to meet up altogether a

56
00:03:18,000 --> 00:03:20,600
Speaker 1: couple of weeks ago in South Carolina for a little retreat.

57
00:03:20,880 --> 00:03:23,440
Speaker 1: And it's the one fact that so many folks remember

58
00:03:23,480 --> 00:03:25,720
Speaker 1: about me. You know, we did a little like uh,

59
00:03:25,760 --> 00:03:27,959
Speaker 1: just kind of fun facts about each teammate and and

60
00:03:28,320 --> 00:03:30,760
Speaker 1: you know, this person has a hundred and five credit

61
00:03:30,760 --> 00:03:33,240
Speaker 1: cards over the past ten years, neber the best Scott.

62
00:03:34,000 --> 00:03:38,080
Speaker 1: That's remember, I would love to see a picture of that.

63
00:03:38,080 --> 00:03:41,000
Speaker 1: I'm a nerd of organization. Uh just and so any

64
00:03:41,040 --> 00:03:43,880
Speaker 1: kind of nerd nerding out, but specifically with organization and

65
00:03:43,880 --> 00:03:45,560
Speaker 1: the fact that you're doing it with travel cards, with

66
00:03:45,600 --> 00:03:49,680
Speaker 1: travel fee, with adal fees tied with those, I'm totally

67
00:03:49,920 --> 00:03:53,000
Speaker 1: nerding out over here. You gotta share that. But one

68
00:03:53,000 --> 00:03:54,960
Speaker 1: of my things. So on that note, let's just talk

69
00:03:54,960 --> 00:03:56,760
Speaker 1: about Scott sep Flights for a second, Like, what is

70
00:03:56,800 --> 00:03:58,960
Speaker 1: the origin story? How did this come about? Because I

71
00:03:59,040 --> 00:04:01,600
Speaker 1: doubt that you finished high school or like I'm going

72
00:04:01,680 --> 00:04:04,200
Speaker 1: to start a travel site. Yeah, exactly. I didn't even

73
00:04:04,240 --> 00:04:07,600
Speaker 1: know that being a chief flight expert was a career

74
00:04:07,680 --> 00:04:09,720
Speaker 1: path that was that that was a thing you could do,

75
00:04:10,000 --> 00:04:12,680
Speaker 1: or much less start a company that with sixty people

76
00:04:12,760 --> 00:04:15,600
Speaker 1: working for your guidance counselor didn't show you in that direction.

77
00:04:16,240 --> 00:04:20,440
Speaker 1: I certainly didn't major in this in college. But you know, look,

78
00:04:20,520 --> 00:04:22,599
Speaker 1: it was one of those things where again, you know,

79
00:04:22,640 --> 00:04:24,440
Speaker 1: as you mentioned, I was working as a journalist, and

80
00:04:24,440 --> 00:04:26,000
Speaker 1: one of the great things about being a journalist is

81
00:04:26,040 --> 00:04:28,600
Speaker 1: you're very inquisitive, You're very curious, you want to get

82
00:04:28,640 --> 00:04:31,920
Speaker 1: the answer to things. And so, as both a journalist

83
00:04:32,040 --> 00:04:34,520
Speaker 1: and uh, you know, I say, a journalist right out

84
00:04:34,560 --> 00:04:37,640
Speaker 1: of college, who unfortunately all of them are very underpaid,

85
00:04:38,279 --> 00:04:41,080
Speaker 1: I was faced with a problem. I wanted to travel,

86
00:04:41,360 --> 00:04:44,280
Speaker 1: but I didn't have much money. And so every time

87
00:04:44,320 --> 00:04:47,080
Speaker 1: I would search for flights to Europe, much less to

88
00:04:47,440 --> 00:04:49,440
Speaker 1: Los Angeles or else or you know, I would, I

89
00:04:49,480 --> 00:04:53,320
Speaker 1: would find just really expensive flights. And so I knew

90
00:04:53,360 --> 00:04:56,719
Speaker 1: in my head somehow somewhere people were finding cheap flights,

91
00:04:56,720 --> 00:04:59,120
Speaker 1: but I had no idea how to find them. And

92
00:04:59,120 --> 00:05:01,800
Speaker 1: so I really kind of wound up over the course

93
00:05:01,839 --> 00:05:05,799
Speaker 1: of a really a number of years digging into why

94
00:05:05,960 --> 00:05:10,000
Speaker 1: is air fare so volatile? How are people finding cheap flights,

95
00:05:10,000 --> 00:05:13,440
Speaker 1: what are the strategies they're using, and uh, this sort

96
00:05:13,480 --> 00:05:18,800
Speaker 1: of quest, this investigation wound up leading me in to

97
00:05:18,920 --> 00:05:21,320
Speaker 1: the best deal that I've ever gotten in my life

98
00:05:21,360 --> 00:05:24,760
Speaker 1: still to this day, which was NonStop from New York

99
00:05:24,800 --> 00:05:28,440
Speaker 1: City to Milan for a hundred and thirty bucks round trip.

100
00:05:29,279 --> 00:05:32,960
Speaker 1: It was an unbelievable find. I couldn't like, I couldn't

101
00:05:32,960 --> 00:05:35,120
Speaker 1: fathom what I was seeing. You know, I've never pulled

102
00:05:35,160 --> 00:05:38,039
Speaker 1: out a credit card from my binder so quickly as

103
00:05:38,080 --> 00:05:40,839
Speaker 1: I had in that moment. And you know, I took

104
00:05:40,880 --> 00:05:43,920
Speaker 1: this incredible trip, went to a soccer gat and you know,

105
00:05:43,920 --> 00:05:45,839
Speaker 1: I went to see a C. Milan play a Champions

106
00:05:45,920 --> 00:05:48,400
Speaker 1: League game, went skiing in the Alps, when hiking in

107
00:05:48,480 --> 00:05:51,760
Speaker 1: Chinquitario was great. When I got back from this trip,

108
00:05:52,080 --> 00:05:54,760
Speaker 1: all my friends and co workers, I guess word had

109
00:05:54,839 --> 00:05:57,159
Speaker 1: spread and they kept coming up to me. Hey, Scott,

110
00:05:57,440 --> 00:06:00,680
Speaker 1: you know I heard about that great deal you got. Listen,

111
00:06:01,160 --> 00:06:03,800
Speaker 1: next time you find a deal like that, can you

112
00:06:03,880 --> 00:06:06,240
Speaker 1: let me know so I can get in on it too.

113
00:06:06,640 --> 00:06:08,800
Speaker 1: And so rather than trying to remember every single person

114
00:06:08,839 --> 00:06:10,440
Speaker 1: I need to let know, it's like, why don't I

115
00:06:10,480 --> 00:06:13,040
Speaker 1: start a simple little email list and any time I

116
00:06:13,080 --> 00:06:15,240
Speaker 1: find a great deal from here on out, I can

117
00:06:15,240 --> 00:06:17,400
Speaker 1: just send it out to everybody who wants it. And

118
00:06:17,440 --> 00:06:20,720
Speaker 1: so that was how Scott's Flights began, much much more

119
00:06:20,760 --> 00:06:24,680
Speaker 1: as an accident than an intentional startup. And it was

120
00:06:24,720 --> 00:06:27,479
Speaker 1: just a hobby for for eighteen twenty months or so,

121
00:06:27,600 --> 00:06:29,960
Speaker 1: until it grew large enough that it was time to

122
00:06:30,000 --> 00:06:33,920
Speaker 1: start thinking is there an actual business opportunity here? And

123
00:06:34,080 --> 00:06:37,480
Speaker 1: by turned it into an actual company. And now today,

124
00:06:37,640 --> 00:06:40,400
Speaker 1: you know, six years later, it's got sixty people on

125
00:06:40,440 --> 00:06:44,000
Speaker 1: the team, millions of people across the country signed up

126
00:06:44,040 --> 00:06:47,159
Speaker 1: getting these alerts and making sure that they're not overpaying

127
00:06:47,240 --> 00:06:49,800
Speaker 1: for flights and able to take those types of trips

128
00:06:49,839 --> 00:06:52,680
Speaker 1: like a hundred thirty dollars to Milan. That's amazing, man,

129
00:06:52,720 --> 00:06:55,960
Speaker 1: It's amazing how just kind of you figuring something out

130
00:06:56,040 --> 00:06:57,840
Speaker 1: and then telling other people about how that can turn

131
00:06:57,880 --> 00:07:01,039
Speaker 1: into it can spread and become you know, giant business

132
00:07:01,160 --> 00:07:04,480
Speaker 1: like the one you've created. Totally totally serendipitous. I mean

133
00:07:04,520 --> 00:07:06,320
Speaker 1: it feels, you know, I like it's one of those

134
00:07:06,320 --> 00:07:08,279
Speaker 1: things that I lie awake at nights sometimes thinking like

135
00:07:08,600 --> 00:07:11,320
Speaker 1: what would have happened if I just hadn't been searching

136
00:07:11,480 --> 00:07:14,360
Speaker 1: for flights to Milan that one random Saturday afternoon. What

137
00:07:14,400 --> 00:07:16,640
Speaker 1: if I just went to the beer garden instead of

138
00:07:16,720 --> 00:07:19,040
Speaker 1: like staying home and being a dork and searching for

139
00:07:19,040 --> 00:07:22,640
Speaker 1: flights on my computer? Like that would my life? It

140
00:07:22,640 --> 00:07:25,480
Speaker 1: would look like my life, Scott, which is not Maybe

141
00:07:25,520 --> 00:07:28,000
Speaker 1: I'd be a podcast professional. You don't want to go

142
00:07:28,080 --> 00:07:31,160
Speaker 1: down that path, Well, I want to know. I want

143
00:07:31,200 --> 00:07:34,400
Speaker 1: to know specifically, what's what's the anatomy of a cheap flight?

144
00:07:34,440 --> 00:07:38,320
Speaker 1: Because you know, you call air fare unpredictable and irrational.

145
00:07:38,440 --> 00:07:41,840
Speaker 1: So how does a killer sale actually come about? How

146
00:07:41,920 --> 00:07:44,480
Speaker 1: is it that something that is, you know, multiple hundred

147
00:07:44,480 --> 00:07:48,119
Speaker 1: dollars to to Europe? How does that come across our paths? Yeah,

148
00:07:48,160 --> 00:07:50,080
Speaker 1: so there are a few things to think about here.

149
00:07:50,240 --> 00:07:53,240
Speaker 1: Is that One is that we are living in what

150
00:07:53,400 --> 00:07:57,000
Speaker 1: I call the golden age of cheap flights. And this

151
00:07:57,200 --> 00:08:00,320
Speaker 1: comes in the backdrop of airfare, especially over the past

152
00:08:00,320 --> 00:08:03,200
Speaker 1: few months, rising really quickly and most folks kind of

153
00:08:03,240 --> 00:08:05,320
Speaker 1: having their heads that, oh, my gosh, there are no

154
00:08:05,440 --> 00:08:08,320
Speaker 1: cheap flights left. But on the contrary, if you look

155
00:08:08,360 --> 00:08:11,720
Speaker 1: at airfare today compared to where it was ten years ago,

156
00:08:12,200 --> 00:08:17,000
Speaker 1: airfare today adjusted for inflation, is thirty five cheaper than

157
00:08:17,040 --> 00:08:20,120
Speaker 1: it used to be on average, and even more than that,

158
00:08:20,200 --> 00:08:23,520
Speaker 1: it's especially cheaper on these sort of long haul routes

159
00:08:23,560 --> 00:08:26,760
Speaker 1: that you used to never see affordably, flights to Europe,

160
00:08:26,800 --> 00:08:30,280
Speaker 1: flights to Asia, um, those sorts of long haul routes

161
00:08:30,360 --> 00:08:33,400
Speaker 1: that um typically you you might have had to normally

162
00:08:33,440 --> 00:08:37,160
Speaker 1: spend eight nine dollars maybe more for a round trip flight,

163
00:08:37,200 --> 00:08:40,800
Speaker 1: whereas today we see flights from all over the US,

164
00:08:40,880 --> 00:08:45,280
Speaker 1: not just from big airports like Atlanta jfk uh you

165
00:08:45,320 --> 00:08:50,400
Speaker 1: know O'Hare, but from small airports like Dayton, Ohio, or Cody, Wyoming, Boise,

166
00:08:50,480 --> 00:08:54,080
Speaker 1: Idaho to Europe for under four hundred dollars round trips,

167
00:08:54,120 --> 00:08:57,880
Speaker 1: sometimes even cheaper than that. And so the reason why

168
00:08:58,120 --> 00:09:01,920
Speaker 1: those kind of have become much more prevalent today than

169
00:09:01,960 --> 00:09:05,120
Speaker 1: they used to be is, in short, because the airlines

170
00:09:05,400 --> 00:09:09,800
Speaker 1: business model has changed significantly, certainly over the past forty

171
00:09:09,920 --> 00:09:12,559
Speaker 1: or fifty years, but even really over the past decade.

172
00:09:12,600 --> 00:09:18,960
Speaker 1: Whereas airlines historically relied primarily on economy airfare to fund

173
00:09:19,040 --> 00:09:23,200
Speaker 1: their operations, but today airlines actually make the majority of

174
00:09:23,240 --> 00:09:26,760
Speaker 1: their revenue on things other than your economy air fare.

175
00:09:26,800 --> 00:09:29,959
Speaker 1: They make it on things like selling business and premium seats.

176
00:09:30,360 --> 00:09:33,480
Speaker 1: They make it on selling frequent flyer miles. Those credit

177
00:09:33,480 --> 00:09:36,360
Speaker 1: card annual fees really do add up, but especially the

178
00:09:36,360 --> 00:09:39,200
Speaker 1: the other parts of credit card contracts, like selling it

179
00:09:39,240 --> 00:09:42,280
Speaker 1: to banks, uh you know, the interchange fees that stuff

180
00:09:42,320 --> 00:09:44,880
Speaker 1: like that, that banks really kind of make a ton

181
00:09:44,920 --> 00:09:46,720
Speaker 1: of money off of. This is why it's so lucrative

182
00:09:46,760 --> 00:09:49,120
Speaker 1: to them and why airlines benefit so much from the

183
00:09:49,200 --> 00:09:52,920
Speaker 1: frequent flyer mile programs They make it on corporate contracts.

184
00:09:53,000 --> 00:09:55,160
Speaker 1: They make it on selling cargo space, they make it

185
00:09:55,200 --> 00:09:58,120
Speaker 1: on certainly add on fees. They make it on commissions.

186
00:09:58,200 --> 00:10:00,560
Speaker 1: You know, when you book your flight, they always ask you, Hey,

187
00:10:00,840 --> 00:10:03,760
Speaker 1: you're taking that trip to Portland? Do you want a

188
00:10:03,880 --> 00:10:06,240
Speaker 1: car to go with it? Do you need a hotel?

189
00:10:06,640 --> 00:10:09,920
Speaker 1: That's all free money for the airline's um. So the

190
00:10:09,960 --> 00:10:13,240
Speaker 1: airline business model is changed from one where they relied

191
00:10:13,280 --> 00:10:16,960
Speaker 1: primarily on economy air fare to fund their their operations

192
00:10:17,000 --> 00:10:19,960
Speaker 1: to one today that relies on things other than economy

193
00:10:20,040 --> 00:10:23,400
Speaker 1: air fare. And that's how they can afford to offer

194
00:10:23,480 --> 00:10:26,280
Speaker 1: those three four dollar flights to Europe in a way

195
00:10:26,280 --> 00:10:29,280
Speaker 1: that they used to not be able to. Yeah, so

196
00:10:29,320 --> 00:10:32,080
Speaker 1: I mean it sounds like this is an intentional shift

197
00:10:32,280 --> 00:10:34,800
Speaker 1: or pivot that the airlines are doing, which sounds like

198
00:10:34,960 --> 00:10:37,080
Speaker 1: therefore they can offer those deals. But you you talk

199
00:10:37,160 --> 00:10:40,240
Speaker 1: sometimes too about some sometimes there's like these mistake fairs. Well,

200
00:10:40,320 --> 00:10:42,280
Speaker 1: what's the difference between what I see as being sort

201
00:10:42,280 --> 00:10:45,000
Speaker 1: of this intentional pivot of the industry, you know, to

202
00:10:45,240 --> 00:10:47,320
Speaker 1: being able to offer some of these great deals and

203
00:10:47,480 --> 00:10:50,040
Speaker 1: in a mistake fair. That's right, So that the hundred

204
00:10:50,120 --> 00:10:53,160
Speaker 1: thirty dollar round trip flight to Milan, Uh, the airline

205
00:10:53,160 --> 00:10:56,440
Speaker 1: did not mean to sell that for a hundred dollars.

206
00:10:56,520 --> 00:10:59,400
Speaker 1: They meant to probably sell that for more like hundred

207
00:10:59,440 --> 00:11:02,640
Speaker 1: dollars and somebody in the back office for good as

208
00:11:02,720 --> 00:11:05,920
Speaker 1: zero at the end. And you know, look the mistake.

209
00:11:06,000 --> 00:11:09,600
Speaker 1: When those mistake fars pop up, they're not common, but

210
00:11:09,800 --> 00:11:12,920
Speaker 1: they pop up maybe six, eight, ten times a year

211
00:11:13,080 --> 00:11:15,839
Speaker 1: or so, you know, different routes, and they're totally unpredictable

212
00:11:15,880 --> 00:11:18,600
Speaker 1: be by their nature because their a mistake. And so

213
00:11:18,640 --> 00:11:22,000
Speaker 1: when they pop up, they only tend to last until

214
00:11:22,120 --> 00:11:24,640
Speaker 1: the airline can fix it, which is oftentimes a matter

215
00:11:24,640 --> 00:11:27,680
Speaker 1: of hours, certainly not a matter of days. That's why

216
00:11:27,720 --> 00:11:30,199
Speaker 1: it's so important to find out about them as early

217
00:11:30,240 --> 00:11:33,040
Speaker 1: as possible so that you could book them before they disappear.

218
00:11:33,520 --> 00:11:36,120
Speaker 1: Those mistakes, you know, while they're while they're rare, they're

219
00:11:36,160 --> 00:11:38,760
Speaker 1: they're they're really the holy grail of the cheap flight world.

220
00:11:39,080 --> 00:11:42,520
Speaker 1: But the vast majority of cheap flights are not mistakes.

221
00:11:42,559 --> 00:11:46,640
Speaker 1: It's airlines actually intending to sell that flight from you know,

222
00:11:46,800 --> 00:11:52,080
Speaker 1: Dayton to uh to Frankfurt forty five dollars round trip

223
00:11:52,480 --> 00:11:54,920
Speaker 1: or something like that, and they intend to sell it

224
00:11:54,960 --> 00:11:58,120
Speaker 1: that way because again, they make so much money on

225
00:11:58,200 --> 00:12:01,599
Speaker 1: things other than economy airfare that they make it, you know,

226
00:12:01,679 --> 00:12:03,640
Speaker 1: on the front of the plane selling the business card seat,

227
00:12:03,679 --> 00:12:05,760
Speaker 1: they make it on underneath the plane with the cargo,

228
00:12:06,200 --> 00:12:08,480
Speaker 1: they make it on all the add ons bags and

229
00:12:08,480 --> 00:12:11,400
Speaker 1: and and seat selection, but also on hotels and cars

230
00:12:11,600 --> 00:12:14,280
Speaker 1: that they just are trying to essentially recoup some gas money.

231
00:12:14,320 --> 00:12:16,720
Speaker 1: They've got all, they've got a hundred hundred fifty seats

232
00:12:16,720 --> 00:12:18,640
Speaker 1: in the back of the plane, they might as well

233
00:12:18,640 --> 00:12:20,800
Speaker 1: try to recoup a little bit of money on But

234
00:12:20,880 --> 00:12:24,800
Speaker 1: that it's not it's not the uh kind of driving

235
00:12:24,920 --> 00:12:27,439
Speaker 1: force for the airlines the way it used to be.

236
00:12:27,559 --> 00:12:30,400
Speaker 1: And so the other thing to remember here briefly is

237
00:12:30,440 --> 00:12:34,679
Speaker 1: that the airlines are locked in this really fierce competition

238
00:12:34,720 --> 00:12:38,719
Speaker 1: with budget airlines. So you know, United, American, Delta, these

239
00:12:38,760 --> 00:12:42,080
Speaker 1: are all legacy airlines or otherwise known as full service airlines.

240
00:12:42,240 --> 00:12:45,960
Speaker 1: They're having to compete really directly with your spirit airlines,

241
00:12:45,960 --> 00:12:49,920
Speaker 1: your frontier airlines and and and others. And what they

242
00:12:50,160 --> 00:12:54,160
Speaker 1: have found is that the spirit airlines of the world,

243
00:12:54,160 --> 00:12:57,040
Speaker 1: the frontier ones of the world, they have been winning

244
00:12:57,240 --> 00:13:01,560
Speaker 1: this battle for years. Uh to you know, twenty years ago,

245
00:13:02,120 --> 00:13:05,679
Speaker 1: the budget airlines were just a fraction of the overall volume.

246
00:13:05,720 --> 00:13:09,400
Speaker 1: They flew maybe three or four percent of of passengers.

247
00:13:09,640 --> 00:13:13,599
Speaker 1: Whereas the full service airlines accounted for about seventy of travelers.

248
00:13:13,679 --> 00:13:17,559
Speaker 1: Today it's down to the legacy airlines account for about

249
00:13:17,640 --> 00:13:21,000
Speaker 1: fifty and the budget airlines are up are of quadruple

250
00:13:21,120 --> 00:13:24,320
Speaker 1: or quintuple there up to sixteen seventeen percent and growing

251
00:13:24,440 --> 00:13:27,840
Speaker 1: every single year. And the reason why is that leisure

252
00:13:27,880 --> 00:13:31,440
Speaker 1: travelers treat airfare like a commodity. They just want to

253
00:13:31,440 --> 00:13:34,120
Speaker 1: buy whatever the cheapest ticket is. They don't they're not

254
00:13:34,280 --> 00:13:37,800
Speaker 1: loyal to one airline or another. They're loyal to cheap flights,

255
00:13:38,120 --> 00:13:40,240
Speaker 1: whether it doesn't matter what the airline is on. And

256
00:13:40,280 --> 00:13:43,880
Speaker 1: so the budget the budget airlines have been winning. The

257
00:13:44,000 --> 00:13:47,679
Speaker 1: legacy airlines have tried to respond by offering basic economy

258
00:13:47,800 --> 00:13:50,240
Speaker 1: or by what really, at the end of the day,

259
00:13:50,280 --> 00:13:53,640
Speaker 1: lowering their fares to compete with the budget airlines of

260
00:13:53,679 --> 00:13:56,520
Speaker 1: the world. And the winners are all the cheap flight

261
00:13:56,559 --> 00:13:59,600
Speaker 1: lovers out there, even if you never fly budget airlines,

262
00:13:59,679 --> 00:14:03,560
Speaker 1: because you end up seeing cheaper fares on Delta, on American,

263
00:14:03,600 --> 00:14:06,960
Speaker 1: on United as a result of that competition. Yeah, and

264
00:14:06,960 --> 00:14:08,640
Speaker 1: that's that's kind of what you do, right, you say, like,

265
00:14:08,720 --> 00:14:10,760
Speaker 1: I love the budget airlines, but I don't really fly.

266
00:14:10,800 --> 00:14:13,840
Speaker 1: I'm I kind of like use that competition to book

267
00:14:13,880 --> 00:14:17,120
Speaker 1: on some of the main airlines anyway, Right, So exactly,

268
00:14:17,440 --> 00:14:19,520
Speaker 1: we don't send out deals on Spirit, we don't send

269
00:14:19,520 --> 00:14:23,440
Speaker 1: out deals on Frontier, but we benefit from their existence

270
00:14:23,520 --> 00:14:27,160
Speaker 1: because they force h Delta and American United Jet Blue

271
00:14:27,160 --> 00:14:30,240
Speaker 1: to offer cheaper fares than they would have otherwise. Can

272
00:14:30,360 --> 00:14:33,960
Speaker 1: can you talk about searching for airfare and then booking,

273
00:14:34,240 --> 00:14:36,880
Speaker 1: because obviously it's great to get those Scots Chief Flights

274
00:14:36,920 --> 00:14:39,920
Speaker 1: emails into your inbox and it notifies you of deals

275
00:14:39,960 --> 00:14:42,000
Speaker 1: you might not have known about otherwise. But what are

276
00:14:42,000 --> 00:14:44,640
Speaker 1: your favorite websites for browsing deals? Or if someone's like

277
00:14:45,120 --> 00:14:48,400
Speaker 1: has a specific destination in mind, maybe they can't be

278
00:14:48,480 --> 00:14:51,760
Speaker 1: quite as serendipitous and just go to the destination that

279
00:14:51,880 --> 00:14:53,840
Speaker 1: is most on sale. How do they start browsing in

280
00:14:53,880 --> 00:14:55,920
Speaker 1: order to and and and maybe what tactics can they

281
00:14:56,000 --> 00:14:58,400
Speaker 1: used to get the best deal. Yeah, So, the the

282
00:14:58,440 --> 00:15:02,760
Speaker 1: open secret in the air fair world is that all

283
00:15:02,840 --> 00:15:06,600
Speaker 1: of the online travel agencies, you know, these are Expedia

284
00:15:06,880 --> 00:15:10,600
Speaker 1: or bits, you know, hot Wire, all those kayak Um,

285
00:15:10,640 --> 00:15:14,440
Speaker 1: they're all essentially the same, like you're there's not one

286
00:15:14,600 --> 00:15:17,640
Speaker 1: that is consistently cheaper than the others. Sometimes there will

287
00:15:17,680 --> 00:15:20,800
Speaker 1: be a little tiny bit of difference in fair but

288
00:15:20,960 --> 00:15:25,560
Speaker 1: typically they have basically the exact same fares, or if

289
00:15:25,600 --> 00:15:28,200
Speaker 1: one is cheaper, that one might not necessarily be cheaper

290
00:15:28,200 --> 00:15:30,880
Speaker 1: on the next search. So starting off with the fact

291
00:15:30,960 --> 00:15:34,440
Speaker 1: that there's no one place that's cheaper to search, to me,

292
00:15:34,520 --> 00:15:37,520
Speaker 1: it just comes down to user interface users, which one

293
00:15:37,520 --> 00:15:42,680
Speaker 1: do you like exactly? And so for me that's Google Flights.

294
00:15:42,720 --> 00:15:45,320
Speaker 1: I find it to be quick, easy, responsive. You can

295
00:15:45,320 --> 00:15:48,520
Speaker 1: search like seven airports at the same time, so maybe

296
00:15:48,560 --> 00:15:50,560
Speaker 1: I want to go to Europe, but I don't care where,

297
00:15:50,600 --> 00:15:53,400
Speaker 1: you know, I can put in seven different airports. I

298
00:15:53,400 --> 00:15:55,680
Speaker 1: can just put in the continent of Europe. You can

299
00:15:55,720 --> 00:15:58,520
Speaker 1: do flexible dates. It ends up just being a far

300
00:15:58,560 --> 00:16:01,600
Speaker 1: better experience to search quickly and to get results quickly

301
00:16:02,000 --> 00:16:05,360
Speaker 1: than I've found elsewhere where, you know, one search might

302
00:16:05,360 --> 00:16:09,080
Speaker 1: take twenty or thirty seconds to return all the information.

303
00:16:09,400 --> 00:16:12,120
Speaker 1: With Google, it happens in a micro second. So that's

304
00:16:12,120 --> 00:16:13,960
Speaker 1: why I tend to like it. But for other for

305
00:16:14,320 --> 00:16:16,360
Speaker 1: you know, if somebody says I just really, you know,

306
00:16:16,520 --> 00:16:18,840
Speaker 1: been searching on orbits my whole life. I like it.

307
00:16:19,040 --> 00:16:21,440
Speaker 1: You're not gonna you're not gonna miss out on anything

308
00:16:21,440 --> 00:16:24,920
Speaker 1: by continuing to search there rather than another site. Well,

309
00:16:25,080 --> 00:16:29,800
Speaker 1: there are reasons to to book directly with a certain airline, right, like, like,

310
00:16:30,000 --> 00:16:31,200
Speaker 1: can you can you talk about some of the reasons

311
00:16:31,240 --> 00:16:33,440
Speaker 1: to book directly, you know, like all the online website

312
00:16:33,440 --> 00:16:36,280
Speaker 1: once you've actually found that deal that you want. Yeah,

313
00:16:36,320 --> 00:16:38,560
Speaker 1: that this. I'm really glad you brought that up, because

314
00:16:38,600 --> 00:16:41,600
Speaker 1: there's a different While while it doesn't really matter where

315
00:16:41,640 --> 00:16:44,560
Speaker 1: you search for flight, searching on kayak is virtually the

316
00:16:44,560 --> 00:16:47,400
Speaker 1: same as Google flights and elsewhere, the best practice is

317
00:16:47,520 --> 00:16:50,280
Speaker 1: generally to book directly with the airline. And there's a

318
00:16:50,320 --> 00:16:54,440
Speaker 1: few reasons for that. One is that under federal law,

319
00:16:54,880 --> 00:16:57,200
Speaker 1: and there's something called the twenty four hour rule, which

320
00:16:57,240 --> 00:17:00,400
Speaker 1: says that when you book a flight directly with an airline,

321
00:17:00,720 --> 00:17:03,520
Speaker 1: you're entitled to a twenty four hour grace period from

322
00:17:03,520 --> 00:17:06,719
Speaker 1: the moment you hit purchase, during which you can cancel

323
00:17:06,760 --> 00:17:08,960
Speaker 1: and get a full get of all your money back,

324
00:17:09,000 --> 00:17:11,840
Speaker 1: full refund, no you know, no questions asked. It's kind

325
00:17:11,840 --> 00:17:13,360
Speaker 1: of like that five second rule when you drop food

326
00:17:13,359 --> 00:17:16,240
Speaker 1: on the floor, exactly exactly who knew that this action

327
00:17:16,320 --> 00:17:19,399
Speaker 1: could could could exist in real life. But it's the

328
00:17:19,480 --> 00:17:25,919
Speaker 1: second rule, but the the the federal protection. Their federal

329
00:17:25,920 --> 00:17:28,520
Speaker 1: guarantee of a twenty four hour rule only applies when

330
00:17:28,560 --> 00:17:31,720
Speaker 1: you book directly with an airline. Now that said, a

331
00:17:31,840 --> 00:17:35,199
Speaker 1: number of you know places Expedia, Priceline, and others have

332
00:17:35,400 --> 00:17:38,320
Speaker 1: their own policies where they say we'll give you twenty

333
00:17:38,359 --> 00:17:41,520
Speaker 1: four hours, but it doesn't have the same protection of

334
00:17:41,560 --> 00:17:43,960
Speaker 1: federal law the way it does when you book directly

335
00:17:43,960 --> 00:17:46,399
Speaker 1: with an airline. So you know, there could be an

336
00:17:46,400 --> 00:17:49,240
Speaker 1: instance in an edge case, maybe you call at twenty

337
00:17:49,320 --> 00:17:51,840
Speaker 1: three hours, but there's a long hold you don't get

338
00:17:51,880 --> 00:17:54,000
Speaker 1: through in time, it ends up just being a little

339
00:17:54,000 --> 00:17:56,520
Speaker 1: bit of a uh, you might have a little bit

340
00:17:56,520 --> 00:18:01,240
Speaker 1: more difficulty taking advantage in some cases. Generally, booking directly

341
00:18:01,359 --> 00:18:04,000
Speaker 1: is going to still make sure that the law is

342
00:18:04,000 --> 00:18:07,760
Speaker 1: on your side, but more importantly, if something goes wrong

343
00:18:07,840 --> 00:18:11,600
Speaker 1: with your schedule, if the flight changes, if you need

344
00:18:11,640 --> 00:18:14,080
Speaker 1: to cancel it, if there's bad weather and you need

345
00:18:14,119 --> 00:18:17,439
Speaker 1: to rebook, or something or other, it's far simpler to

346
00:18:17,600 --> 00:18:20,159
Speaker 1: do so when you can just chat directly with the

347
00:18:20,280 --> 00:18:23,439
Speaker 1: airline rather than having to talk with the airline and

348
00:18:23,720 --> 00:18:26,399
Speaker 1: the middleman that you booked through, because each of them

349
00:18:26,480 --> 00:18:30,400
Speaker 1: might have different policies. You know, who knows like they're

350
00:18:30,440 --> 00:18:32,720
Speaker 1: gonna It's just can be a hot potato about who

351
00:18:32,760 --> 00:18:36,679
Speaker 1: you get passed between. So if the flight happens to

352
00:18:36,760 --> 00:18:41,480
Speaker 1: be significantly cheaper booking through a price line or online

353
00:18:41,520 --> 00:18:43,720
Speaker 1: travel agency, then yeah, you know, if it's if I'm

354
00:18:43,720 --> 00:18:46,199
Speaker 1: saving a hundred fifty bucks un bucks, sure I'm going

355
00:18:46,280 --> 00:18:48,840
Speaker 1: to book through the online travel agency. But if it's

356
00:18:48,880 --> 00:18:51,800
Speaker 1: basically the same price or you know, within ten dollars

357
00:18:51,880 --> 00:18:54,959
Speaker 1: or something, I'll generally book directly within airline because it

358
00:18:55,000 --> 00:18:58,400
Speaker 1: tends to just be uh you, it tends to work

359
00:18:58,440 --> 00:19:00,800
Speaker 1: out better if there if there's any mishaps or any

360
00:19:00,880 --> 00:19:03,480
Speaker 1: changes needed with the reservation. That makes sense. You know.

361
00:19:03,520 --> 00:19:05,280
Speaker 1: One of one of my favorite tips in your book,

362
00:19:05,320 --> 00:19:08,840
Speaker 1: Scott uh you talk about building your own layover and

363
00:19:08,880 --> 00:19:11,000
Speaker 1: how you say basically that's the key to crossing the

364
00:19:11,040 --> 00:19:13,680
Speaker 1: ocean as cheaply as possible. So yeah, for for people

365
00:19:13,680 --> 00:19:15,400
Speaker 1: who don't know what that means, or they're like, wait,

366
00:19:15,440 --> 00:19:17,080
Speaker 1: what is this, you talk about how it can save

367
00:19:18,440 --> 00:19:21,280
Speaker 1: sometimes being your own layover. Yeah. Look, so I used

368
00:19:21,280 --> 00:19:24,040
Speaker 1: to live in Washington, d C. And I wanted to

369
00:19:24,040 --> 00:19:28,760
Speaker 1: travel once to to Norway. Flights from Washington, d C

370
00:19:29,240 --> 00:19:33,200
Speaker 1: at that time to Norway were like seven eight hundred dollars.

371
00:19:33,200 --> 00:19:36,080
Speaker 1: But one day I stumbled across a flight that was

372
00:19:36,119 --> 00:19:40,080
Speaker 1: from Washington, d C. To Brussels in Belgium for about

373
00:19:40,119 --> 00:19:43,480
Speaker 1: two hundred dollars somewhere in that range. Uh, And so

374
00:19:43,920 --> 00:19:46,640
Speaker 1: I knew off top of my head, once I get

375
00:19:46,680 --> 00:19:49,879
Speaker 1: to Europe, once I'm in Brussels, I can get a

376
00:19:49,880 --> 00:19:53,439
Speaker 1: flight up to Oslow or wherever for fifty bucks seventy

377
00:19:53,480 --> 00:19:56,800
Speaker 1: five bucks. And so instead of paying seven hundred dollars

378
00:19:56,840 --> 00:20:00,280
Speaker 1: to fly from d C to Oslow and almost certainly

379
00:20:00,320 --> 00:20:02,320
Speaker 1: still have a connection, I could just book this flight

380
00:20:02,359 --> 00:20:05,919
Speaker 1: from d C to Bronsels for two, hang out in

381
00:20:06,000 --> 00:20:08,080
Speaker 1: Belgium for as long as I wanted to, and then

382
00:20:08,160 --> 00:20:11,639
Speaker 1: continue on to Norway for seventy five dollars. And so

383
00:20:12,040 --> 00:20:14,920
Speaker 1: get two destinations. To You get two destinations, You get

384
00:20:14,960 --> 00:20:17,159
Speaker 1: to spend as much or as little time as you

385
00:20:17,200 --> 00:20:20,000
Speaker 1: want in your layover city, and you can save a

386
00:20:20,000 --> 00:20:22,280
Speaker 1: lot of money in the process. Because I paid three

387
00:20:22,359 --> 00:20:25,399
Speaker 1: hundred dollars for that trip to Norway rather than seven

388
00:20:25,440 --> 00:20:28,159
Speaker 1: hundred dollars and so, uh, you know, it's not going

389
00:20:28,200 --> 00:20:31,600
Speaker 1: to work every single time, but trying to think oftentimes

390
00:20:31,640 --> 00:20:34,440
Speaker 1: if cheap flights are priority, trying to look at crossing

391
00:20:34,520 --> 00:20:37,520
Speaker 1: an ocean, which you know can be uh pretty expensive,

392
00:20:37,720 --> 00:20:40,560
Speaker 1: trying to look at a little bit more creatively, knowing

393
00:20:40,600 --> 00:20:42,960
Speaker 1: that once you get to Europe, once you get to

394
00:20:43,040 --> 00:20:46,560
Speaker 1: Southeast Asia, uh, it can be a really cheap and

395
00:20:46,680 --> 00:20:50,200
Speaker 1: easy to get onto your final destination. Now this is

396
00:20:50,359 --> 00:20:53,639
Speaker 1: especially true and especially the case if you're traveling to

397
00:20:53,760 --> 00:20:56,919
Speaker 1: a small final destination. Let's say you want to go

398
00:20:56,920 --> 00:20:59,120
Speaker 1: to a Greek island. You know, it's actually something called

399
00:20:59,160 --> 00:21:01,680
Speaker 1: the Greek Island where if you're if you want to

400
00:21:01,720 --> 00:21:05,679
Speaker 1: fly to Santorini, flights are oftentimes you know, fifteen hundred

401
00:21:05,720 --> 00:21:07,919
Speaker 1: dollars is something if you search it as a single

402
00:21:07,960 --> 00:21:11,760
Speaker 1: itinerary from your home airport in the US, but there

403
00:21:11,800 --> 00:21:14,719
Speaker 1: are many It's pretty common to see flights from all

404
00:21:14,760 --> 00:21:17,800
Speaker 1: over the US to Athens, Greece for like five hundred

405
00:21:17,840 --> 00:21:21,400
Speaker 1: dollars or four hundred and fifty. Once you get to Athens,

406
00:21:21,440 --> 00:21:24,480
Speaker 1: you can get a cheap flight onward to Santorini. You

407
00:21:24,480 --> 00:21:27,359
Speaker 1: can get a ferry, you know, for fifty bucks or something.

408
00:21:27,640 --> 00:21:30,080
Speaker 1: And so by pairing it that way, not only do

409
00:21:30,119 --> 00:21:33,280
Speaker 1: you end up with a far cheaper overall trip, but

410
00:21:33,400 --> 00:21:36,240
Speaker 1: you also are then able to take the time if

411
00:21:36,240 --> 00:21:38,040
Speaker 1: you want to, you know, build in a couple of

412
00:21:38,119 --> 00:21:40,800
Speaker 1: days in Athens, be able to go explore the Acropolis

413
00:21:40,920 --> 00:21:43,720
Speaker 1: or elsewhere, and and before you continue on to the

414
00:21:43,720 --> 00:21:46,320
Speaker 1: Greek island. So I think it's a wonderful strategy can

415
00:21:46,320 --> 00:21:49,119
Speaker 1: not only save money, but to make your vacation even

416
00:21:49,200 --> 00:21:51,320
Speaker 1: more kind of interesting and robust than it would have

417
00:21:51,320 --> 00:21:55,240
Speaker 1: been otherwise. Yeah, a more robust vacation. Now, like, don't

418
00:21:55,600 --> 00:21:58,240
Speaker 1: just like the short layover, well, Scott, actually, like we

419
00:21:58,280 --> 00:21:59,840
Speaker 1: want to talk a little bit more too about some

420
00:21:59,880 --> 00:22:02,520
Speaker 1: of the maybe like some specific routes where you've seen

421
00:22:02,600 --> 00:22:05,760
Speaker 1: some some of the best deals recently. We're gonna talk

422
00:22:05,800 --> 00:22:17,600
Speaker 1: about that and much more right after this break. All right,

423
00:22:17,640 --> 00:22:19,520
Speaker 1: we're back from the break. We are still talking with

424
00:22:19,560 --> 00:22:23,320
Speaker 1: Scott Kayes. Who is the Cheap flight Master And uh, Scott,

425
00:22:23,640 --> 00:22:27,080
Speaker 1: first question back, like master, since I don't know there's

426
00:22:27,080 --> 00:22:30,679
Speaker 1: a CF that's his title. That is my job title,

427
00:22:30,760 --> 00:22:33,480
Speaker 1: chief flight expert. That right, you go. He's basically the

428
00:22:33,520 --> 00:22:37,080
Speaker 1: superhero of Cheap flights everyone and only, Yeah, do you

429
00:22:37,119 --> 00:22:38,720
Speaker 1: have are you like Clark Kent? Do you have some

430
00:22:38,760 --> 00:22:42,720
Speaker 1: sort of get up underneath where you're always ready to travel?

431
00:22:42,760 --> 00:22:44,840
Speaker 1: You just rip off the button up and then you're

432
00:22:44,840 --> 00:22:50,600
Speaker 1: just like heading to Yeah. First question back from the break, Scott,

433
00:22:50,600 --> 00:22:52,960
Speaker 1: I am curious to know what are maybe some of

434
00:22:53,000 --> 00:22:55,480
Speaker 1: the perennial cheap routes are. There's certain things that pop

435
00:22:55,600 --> 00:22:57,879
Speaker 1: up all the time. It's like, I mean, there's always

436
00:22:57,880 --> 00:23:00,480
Speaker 1: a deal from here to here, or at least every

437
00:23:00,480 --> 00:23:03,040
Speaker 1: couple of months, so that people can at least all right, Well,

438
00:23:03,240 --> 00:23:06,159
Speaker 1: if there's just a few places that are always inexpensive

439
00:23:06,200 --> 00:23:08,520
Speaker 1: to get to, where should I be looking? Yeah, So

440
00:23:08,600 --> 00:23:12,680
Speaker 1: when you're talking about domestically, the places where you consistently

441
00:23:12,720 --> 00:23:17,639
Speaker 1: see the cheapest flights are to Florida, just because airlines

442
00:23:17,680 --> 00:23:21,200
Speaker 1: have had so much capacity, they're flying so many planes

443
00:23:21,240 --> 00:23:24,919
Speaker 1: to Florida. Oftentimes Miami is actually the most expensive one.

444
00:23:24,920 --> 00:23:26,560
Speaker 1: But if you're willing to fly, for instance, to Fort

445
00:23:26,640 --> 00:23:30,560
Speaker 1: Lauderdale or somewhere else, they're uh, you know, easy to find,

446
00:23:31,040 --> 00:23:33,840
Speaker 1: uh flights like under a hundred bucks round trip from

447
00:23:33,880 --> 00:23:36,399
Speaker 1: the northeast or under a hundred fifty from elsewhere. In

448
00:23:36,400 --> 00:23:41,119
Speaker 1: the country. Hawaii is another one that was historically quite expensive,

449
00:23:41,160 --> 00:23:44,520
Speaker 1: but nowadays we see as airlines have really added a

450
00:23:44,560 --> 00:23:48,320
Speaker 1: lot of capacity and as Southwest started flying to Hawaii.

451
00:23:48,760 --> 00:23:51,320
Speaker 1: You regularly now see flights from you know, the West

452
00:23:51,359 --> 00:23:54,800
Speaker 1: Coast to Hawaii under two fifty sometimes under two hundred

453
00:23:54,880 --> 00:23:58,080
Speaker 1: bucks round trip from uh the Midwest or the East

454
00:23:58,119 --> 00:24:01,119
Speaker 1: Coast for more, like, you know, under under four hundred

455
00:24:01,160 --> 00:24:03,560
Speaker 1: bucks round trips sometimes if we're lucky, and so those

456
00:24:03,640 --> 00:24:06,520
Speaker 1: pop up much more commonly than it used to. When

457
00:24:06,520 --> 00:24:09,720
Speaker 1: we're talking about international, the places where we've seen I

458
00:24:09,720 --> 00:24:13,639
Speaker 1: think the highest volume of what I would consider to

459
00:24:13,640 --> 00:24:18,800
Speaker 1: be pretty cheap flights for Central America, Costa Rica really

460
00:24:19,000 --> 00:24:21,400
Speaker 1: really common to see flights from the US under three

461
00:24:21,440 --> 00:24:24,600
Speaker 1: hundred bucks a round trip, sometimes under two fifty. Columbia

462
00:24:24,960 --> 00:24:29,399
Speaker 1: similar fairs that have become very popular among travelers and

463
00:24:29,520 --> 00:24:32,440
Speaker 1: easy to get too cheap. But then Western Europe, I think,

464
00:24:32,520 --> 00:24:34,560
Speaker 1: is the one that a lot of folks really might

465
00:24:34,600 --> 00:24:38,480
Speaker 1: have missed how affordable it is to fly there in

466
00:24:38,480 --> 00:24:39,960
Speaker 1: a way that it didn't used to be. You know,

467
00:24:40,000 --> 00:24:42,200
Speaker 1: a decade ago, you would almost never see flights to

468
00:24:42,240 --> 00:24:46,360
Speaker 1: Western Europe under eight hundred bucks round trip. Whereas today

469
00:24:46,400 --> 00:24:50,119
Speaker 1: almost every single week we see flights from the US UH.

470
00:24:50,200 --> 00:24:53,639
Speaker 1: And again not just from New York and Chicago and

471
00:24:53,640 --> 00:24:56,920
Speaker 1: and and Los Angeles, but from small airports as well

472
00:24:57,160 --> 00:25:00,359
Speaker 1: to Western Europe under five hundred bucks round trip anytimes

473
00:25:00,440 --> 00:25:03,280
Speaker 1: under four hundreds, sometimes even under three hundred if you're

474
00:25:03,320 --> 00:25:07,040
Speaker 1: especially if you're traveling during a non peak period. And

475
00:25:07,080 --> 00:25:09,720
Speaker 1: so the places that tend to be most you see

476
00:25:09,760 --> 00:25:16,440
Speaker 1: those most commonly are Paris, Rome, Madrid, and Barcelona, but

477
00:25:16,600 --> 00:25:19,040
Speaker 1: really all over all over Europe if you're if you

478
00:25:19,040 --> 00:25:21,320
Speaker 1: have just even a little bit of patients, you tend

479
00:25:21,359 --> 00:25:24,199
Speaker 1: to see pretty regularly. And so for folks you know,

480
00:25:24,240 --> 00:25:29,440
Speaker 1: your most popular travel destination or travel continent in the world,

481
00:25:29,440 --> 00:25:31,680
Speaker 1: and so for folks who are excited for that trip

482
00:25:31,720 --> 00:25:33,600
Speaker 1: maybe haven't been able to take it for a couple

483
00:25:33,640 --> 00:25:37,240
Speaker 1: of years, UH, the outlook is very very good, even

484
00:25:37,760 --> 00:25:40,840
Speaker 1: when we're thinking about this summer. One of the last

485
00:25:40,880 --> 00:25:42,879
Speaker 1: thing I'll note here is that, look, a lot of

486
00:25:42,880 --> 00:25:46,359
Speaker 1: folks have are thinking right now about how expensive flights

487
00:25:46,359 --> 00:25:51,680
Speaker 1: have become, but that is more true among domestic flights

488
00:25:51,680 --> 00:25:57,040
Speaker 1: than it is among international flights. Demand for domestic flights

489
00:25:57,040 --> 00:26:00,159
Speaker 1: has rebounded, but basically fully if not higher than it

490
00:26:00,200 --> 00:26:03,920
Speaker 1: was in nineteen whereas demand for international travel is still

491
00:26:04,040 --> 00:26:08,560
Speaker 1: down about compared to where it was pre pandemic, whereas

492
00:26:08,680 --> 00:26:15,600
Speaker 1: capacity for domestics is down about it is in some

493
00:26:15,640 --> 00:26:18,959
Speaker 1: ways between the US and Europe fully recovered. And so

494
00:26:19,000 --> 00:26:22,159
Speaker 1: what that means is that where's domestically there are more

495
00:26:22,200 --> 00:26:26,359
Speaker 1: people competing for fewer seats, and that resulting in higher

496
00:26:26,440 --> 00:26:30,000
Speaker 1: fairs for flights to Europe. There are fewer people committing

497
00:26:30,080 --> 00:26:33,679
Speaker 1: competing for more seats, and and especially in a on

498
00:26:33,720 --> 00:26:35,960
Speaker 1: a route or or you know, on a type of

499
00:26:36,000 --> 00:26:40,000
Speaker 1: trip that was historically very very popular, very sought after.

500
00:26:40,080 --> 00:26:43,000
Speaker 1: And so I think the relative value of flying to

501
00:26:43,160 --> 00:26:46,680
Speaker 1: Europe this summer, this fall, even this spring has gone

502
00:26:46,680 --> 00:26:49,600
Speaker 1: way up because you can still find those under five

503
00:26:50,280 --> 00:26:52,840
Speaker 1: round trip flight. I was looking just yesterday, you know,

504
00:26:52,880 --> 00:26:56,920
Speaker 1: it was cheaper to fly to Iceland or to Paris

505
00:26:56,920 --> 00:26:58,960
Speaker 1: than it was to fly to Los Angeles from the

506
00:26:59,000 --> 00:27:02,760
Speaker 1: East coast. And so, thinking thinking a little bit more overseas,

507
00:27:02,800 --> 00:27:05,160
Speaker 1: I think is where the value is. Right now, That's

508
00:27:05,240 --> 00:27:07,639
Speaker 1: that's so interesting because that's not what you would expect,

509
00:27:07,920 --> 00:27:10,920
Speaker 1: right and like it makes me think you think shorter distance, Yes,

510
00:27:11,520 --> 00:27:13,200
Speaker 1: we don't have to fly over the ocean. I think

511
00:27:13,200 --> 00:27:15,479
Speaker 1: that's a hold over from COVID, right, because like, in

512
00:27:15,520 --> 00:27:18,040
Speaker 1: my mind, what I picture is like folks are like, Okay,

513
00:27:18,119 --> 00:27:20,240
Speaker 1: let's get back to traveling a little bit, and it's like, okay,

514
00:27:20,240 --> 00:27:22,119
Speaker 1: should we go ahead and do the big European vacation.

515
00:27:22,200 --> 00:27:24,600
Speaker 1: It's just like, you know, maybe not, maybe we're still

516
00:27:24,600 --> 00:27:27,160
Speaker 1: not totally sure about what that looks like. And they

517
00:27:27,240 --> 00:27:30,439
Speaker 1: stick with the domestic travel, whereas it's like, man like

518
00:27:30,480 --> 00:27:32,879
Speaker 1: Europe is it's wide open, but it is open for business.

519
00:27:32,920 --> 00:27:35,159
Speaker 1: And like you said, if they're still down as far

520
00:27:35,160 --> 00:27:37,160
Speaker 1: as the demand, I mean, in my mind, that would

521
00:27:37,160 --> 00:27:40,600
Speaker 1: explain the reason that there there are deals there. But

522
00:27:40,720 --> 00:27:42,080
Speaker 1: I mean I think a lot of it too is

523
00:27:42,080 --> 00:27:44,879
Speaker 1: the fact that is still today. You know, even as

524
00:27:44,920 --> 00:27:47,239
Speaker 1: we're recording them. The mask mandate is gone. You no

525
00:27:47,280 --> 00:27:49,879
Speaker 1: longer need a mask on airplanes in the US, But

526
00:27:50,040 --> 00:27:53,320
Speaker 1: the mandate to show a recent negative test to fly

527
00:27:53,440 --> 00:27:56,520
Speaker 1: back to the US even if you've been fully vaccinated

528
00:27:57,080 --> 00:27:59,320
Speaker 1: is I think that is the mandate that actually has

529
00:27:59,359 --> 00:28:02,720
Speaker 1: a pretty big impact on travel demand. I think that's

530
00:28:02,720 --> 00:28:06,120
Speaker 1: probably the primary reason why international travel intrist is still

531
00:28:06,720 --> 00:28:10,320
Speaker 1: uh significantly depressed because folks are worried. What happens if

532
00:28:10,320 --> 00:28:12,680
Speaker 1: I fly to Paris and I catch a breakthrough infection,

533
00:28:12,800 --> 00:28:15,760
Speaker 1: Even if I'm setic or totally fine, I have to

534
00:28:15,800 --> 00:28:18,160
Speaker 1: hold up here for a week, ten days, fourteen days?

535
00:28:18,200 --> 00:28:20,320
Speaker 1: What about my job, what about my pets? You know,

536
00:28:20,680 --> 00:28:24,160
Speaker 1: so it's not just like an emotional or mental barrier there. Yeah,

537
00:28:24,320 --> 00:28:26,840
Speaker 1: you've got those actual rules that are practical one and

538
00:28:26,880 --> 00:28:29,280
Speaker 1: for many people as well. Yeah, that's true. Talking about

539
00:28:29,280 --> 00:28:32,159
Speaker 1: other changes from COVID, though it scott change fees or

540
00:28:32,200 --> 00:28:34,080
Speaker 1: something that kind of have always been a thorn in

541
00:28:34,119 --> 00:28:36,399
Speaker 1: the side of the consumers. Those kind of vanished, you know,

542
00:28:36,440 --> 00:28:39,240
Speaker 1: as a silver lining to the pandemic for for everyone

543
00:28:39,280 --> 00:28:41,600
Speaker 1: who likes to fly, or are there any any sign

544
00:28:41,640 --> 00:28:43,160
Speaker 1: of those returning into your future? Do you feel like

545
00:28:43,200 --> 00:28:45,200
Speaker 1: those are are done for I don't think so. I

546
00:28:45,200 --> 00:28:48,440
Speaker 1: think you know, the airlines really made a big holabaloo

547
00:28:48,560 --> 00:28:51,560
Speaker 1: about how they were permanently getting rid of change fees,

548
00:28:52,280 --> 00:28:56,360
Speaker 1: you know, rather than getting in a whole philosophical discussion

549
00:28:56,400 --> 00:28:59,520
Speaker 1: of how permanent is permanent. I would be very surprised

550
00:28:59,560 --> 00:29:02,520
Speaker 1: to see if they then come back in any significant

551
00:29:02,560 --> 00:29:04,800
Speaker 1: way in the next five or ten years. I don't

552
00:29:04,880 --> 00:29:07,880
Speaker 1: use the word transitory. Okay, yeah, yeah, exactly exactly. This

553
00:29:07,920 --> 00:29:12,040
Speaker 1: has becomeing a real uh question, just like J. Powell faces.

554
00:29:12,120 --> 00:29:15,560
Speaker 1: But um, look, the I think this is one of

555
00:29:15,600 --> 00:29:17,600
Speaker 1: the things that a lot of folks needs to really

556
00:29:17,640 --> 00:29:19,640
Speaker 1: kind of factor in their mind when they're thinking about

557
00:29:19,680 --> 00:29:22,080
Speaker 1: booking flights, is how much easier it is now to

558
00:29:22,360 --> 00:29:25,680
Speaker 1: change your travel plans after you book in a way

559
00:29:25,680 --> 00:29:28,280
Speaker 1: that it didn't used to be historically. You know, back

560
00:29:28,480 --> 00:29:31,680
Speaker 1: back before the pandemic, you when you booked your flight

561
00:29:32,080 --> 00:29:34,200
Speaker 1: after that twenty four hour grace period when you could

562
00:29:34,240 --> 00:29:37,080
Speaker 1: cancel for free, you were pretty well locked into your dates,

563
00:29:37,160 --> 00:29:39,640
Speaker 1: and if you wanted to change your travel dates, you

564
00:29:39,680 --> 00:29:41,160
Speaker 1: had to pay an arm and a leg to do so.

565
00:29:41,200 --> 00:29:45,160
Speaker 1: I mean we're talking to three penalty in addition to

566
00:29:45,240 --> 00:29:48,680
Speaker 1: any fair difference. And so what changed during the pandemic

567
00:29:48,760 --> 00:29:51,720
Speaker 1: was the airlines basically across the board got rid of

568
00:29:51,760 --> 00:29:55,360
Speaker 1: those change fees. So that now today when you book

569
00:29:55,360 --> 00:29:57,880
Speaker 1: a flight, if you later after you book want to

570
00:29:57,960 --> 00:30:00,560
Speaker 1: change the dates, you don't have to pay any penalty

571
00:30:00,800 --> 00:30:03,600
Speaker 1: at all. Uh that you know, you still do have

572
00:30:03,680 --> 00:30:06,120
Speaker 1: to cover the fair difference if your new flight is

573
00:30:06,160 --> 00:30:08,959
Speaker 1: more expensive, but if your new flight is cheaper, you

574
00:30:08,960 --> 00:30:11,480
Speaker 1: actually get the difference back in the form of a

575
00:30:11,520 --> 00:30:14,120
Speaker 1: travel credit. So you know, it's just it makes it

576
00:30:14,160 --> 00:30:18,520
Speaker 1: a lot more sort of possible to make prospective bookings,

577
00:30:18,560 --> 00:30:21,560
Speaker 1: to make flight bookings on trip that you're maybe not

578
00:30:22,400 --> 00:30:25,120
Speaker 1: sure about, maybe you're still a little iffy about COVID

579
00:30:25,280 --> 00:30:26,960
Speaker 1: or this or that, and you can say, I'll book

580
00:30:27,040 --> 00:30:29,800
Speaker 1: that flight for this summer, a lock in the fair

581
00:30:29,840 --> 00:30:32,800
Speaker 1: now while it's cheaper, and then if later on I

582
00:30:32,840 --> 00:30:34,920
Speaker 1: decide it doesn't look like a good time to travel,

583
00:30:34,960 --> 00:30:37,600
Speaker 1: if there's some new scary variant or something, I can

584
00:30:37,600 --> 00:30:40,280
Speaker 1: always push my trip back, you know, three or six

585
00:30:40,320 --> 00:30:43,560
Speaker 1: months however long and not rather than being locked into

586
00:30:43,600 --> 00:30:46,680
Speaker 1: my dates. Nice. Yeah, the environment has changed when it

587
00:30:46,720 --> 00:30:49,160
Speaker 1: comes to booking travels. What it sounds like while we're

588
00:30:49,160 --> 00:30:51,840
Speaker 1: talking about fees here, Scott. In your book you talk

589
00:30:51,920 --> 00:30:54,800
Speaker 1: about and you actually reveal like why add on fees,

590
00:30:54,840 --> 00:30:57,440
Speaker 1: why why separate fees to to check a bag? Why

591
00:30:57,520 --> 00:30:59,600
Speaker 1: they have become so common? Can you explain that to

592
00:30:59,640 --> 00:31:02,000
Speaker 1: our listen? Yeah, So there are a couple of things

593
00:31:02,080 --> 00:31:05,760
Speaker 1: going on here. One um is that the this is

594
00:31:05,880 --> 00:31:09,800
Speaker 1: a large part thanks to the rise of the budget airlines,

595
00:31:09,920 --> 00:31:13,400
Speaker 1: you know, not just Spirit, not just Frontier, but globally

596
00:31:13,560 --> 00:31:17,320
Speaker 1: you know, Ryanair in Europe and easy Jet Air Asia

597
00:31:17,440 --> 00:31:21,480
Speaker 1: and in Asian and whatnot. Becoming basically the most profitable

598
00:31:21,480 --> 00:31:23,760
Speaker 1: way to start a new airline in the way that

599
00:31:23,840 --> 00:31:26,920
Speaker 1: they've been able to. The business model that they've really

600
00:31:26,960 --> 00:31:29,720
Speaker 1: honed in on and found success with is to have

601
00:31:29,840 --> 00:31:33,920
Speaker 1: a very cheap headline, fair by far the cheapest and

602
00:31:33,920 --> 00:31:36,080
Speaker 1: when you search on Google Flights or when you search

603
00:31:36,120 --> 00:31:38,800
Speaker 1: on Kayak, but then to have a lot of add

604
00:31:38,880 --> 00:31:43,160
Speaker 1: on fees that are varying degrees of optional. You know,

605
00:31:43,200 --> 00:31:45,640
Speaker 1: there's some that really are options. You don't have to

606
00:31:45,720 --> 00:31:48,120
Speaker 1: choose your seat, you don't have to have a check

607
00:31:48,160 --> 00:31:50,840
Speaker 1: in bag, you know, check bag. I usually don't travel

608
00:31:50,840 --> 00:31:52,960
Speaker 1: with one anyway. But there are some that are maybe

609
00:31:52,960 --> 00:31:56,000
Speaker 1: a little bit less optional. Many budget airins, in fact,

610
00:31:56,000 --> 00:31:59,520
Speaker 1: most of them require you to pay for a carry

611
00:31:59,560 --> 00:32:01,480
Speaker 1: on bad Egg, which I think I find a little

612
00:32:01,480 --> 00:32:06,479
Speaker 1: bit loathsome but you know, it's there. Even with those fees,

613
00:32:06,480 --> 00:32:09,320
Speaker 1: it can still be a very good deal in many

614
00:32:09,360 --> 00:32:11,240
Speaker 1: cases on a budget airline, but it's something to be

615
00:32:11,280 --> 00:32:15,480
Speaker 1: aware of. But specifically in the US, there's actually a

616
00:32:15,520 --> 00:32:20,360
Speaker 1: tax code reason why fees. Add on fees have become

617
00:32:20,680 --> 00:32:23,080
Speaker 1: so popular, and the reason why is that when you

618
00:32:23,200 --> 00:32:27,400
Speaker 1: buy a domestic flight, there is a seven point five

619
00:32:27,480 --> 00:32:32,480
Speaker 1: percent federal excise tax that is applied to your fare,

620
00:32:33,200 --> 00:32:35,760
Speaker 1: and the fair you know that you pay only includes

621
00:32:35,840 --> 00:32:40,080
Speaker 1: things that are not optional. Any optional fees like bag

622
00:32:40,280 --> 00:32:43,440
Speaker 1: seat selection, I don't know, meals or stuff like that

623
00:32:43,800 --> 00:32:47,840
Speaker 1: are not subject to that seven point five percent excise tax.

624
00:32:47,840 --> 00:32:50,520
Speaker 1: And so what that means is that it's more tax

625
00:32:50,560 --> 00:32:54,640
Speaker 1: advantageous for the airlines to separate out what they consider

626
00:32:54,720 --> 00:32:57,160
Speaker 1: to be optional items because they're not having to pay

627
00:32:57,240 --> 00:32:59,400
Speaker 1: tax on that revenue the way they are having to

628
00:32:59,440 --> 00:33:02,880
Speaker 1: pay tax on the air fair. So that's part of

629
00:33:02,920 --> 00:33:06,640
Speaker 1: the reason why you you you see uh, these sort

630
00:33:06,680 --> 00:33:10,760
Speaker 1: of add on fees becoming such a big business as uh,

631
00:33:10,800 --> 00:33:13,640
Speaker 1: the airline accountants have really kind of earned their keep

632
00:33:13,720 --> 00:33:15,680
Speaker 1: and and advised the airlife that this was going to

633
00:33:15,720 --> 00:33:18,080
Speaker 1: be a money maker for them. Yeah, that was that

634
00:33:18,160 --> 00:33:19,720
Speaker 1: was kind of like one of the most fascinating parts

635
00:33:19,760 --> 00:33:21,640
Speaker 1: of reading your book was kind of seeing that I

636
00:33:21,680 --> 00:33:24,440
Speaker 1: didn't like, of course, that's gonna change their incentives and

637
00:33:24,480 --> 00:33:28,040
Speaker 1: their desire to lower fares and then find other ways

638
00:33:28,080 --> 00:33:29,760
Speaker 1: where that they're not taxed on to make money, so

639
00:33:30,080 --> 00:33:31,640
Speaker 1: it just makes sense, right way for them to shelter

640
00:33:31,680 --> 00:33:33,840
Speaker 1: that income. Yeah, yeah, and well, you know, and and

641
00:33:33,840 --> 00:33:36,760
Speaker 1: and and and in a very similar way. I think

642
00:33:36,800 --> 00:33:38,840
Speaker 1: this is part of the reason, part of what helps

643
00:33:38,840 --> 00:33:41,360
Speaker 1: explain why we see so many cheap flights, because the

644
00:33:41,640 --> 00:33:44,920
Speaker 1: value of you as a customer for the airline, it's

645
00:33:44,960 --> 00:33:47,480
Speaker 1: not just the money you pay for your economy air fare,

646
00:33:47,480 --> 00:33:50,640
Speaker 1: and that's a dwindling source of value in many ways.

647
00:33:50,680 --> 00:33:54,320
Speaker 1: You know, you talk about how big data is such

648
00:33:54,320 --> 00:33:57,160
Speaker 1: an important and valuable part of so many companies. Now,

649
00:33:57,400 --> 00:34:00,800
Speaker 1: when an airline knows, you know, they have your travel data,

650
00:34:00,840 --> 00:34:03,880
Speaker 1: they're much more able to market to you effectively. Oh,

651
00:34:03,920 --> 00:34:08,160
Speaker 1: Scott loves to take vacations to you know, Hawaii and February.

652
00:34:08,200 --> 00:34:11,279
Speaker 1: So let's keep advertising, you know, to him around I

653
00:34:11,280 --> 00:34:13,480
Speaker 1: don't know, October or something when maybe he books those

654
00:34:13,480 --> 00:34:16,400
Speaker 1: flights before. Hey, they're good deals to Hawaii. Oh, you know,

655
00:34:16,680 --> 00:34:18,400
Speaker 1: so and so it's a frequent flyer. You know, if

656
00:34:18,400 --> 00:34:19,840
Speaker 1: we can get them to sign up for a frequent

657
00:34:19,840 --> 00:34:22,520
Speaker 1: flyer program, they're much more likely to be a repeat customer.

658
00:34:22,800 --> 00:34:24,759
Speaker 1: They earned miles with this airline, they don't want to

659
00:34:24,800 --> 00:34:27,239
Speaker 1: let those miles go to waste. They they end up

660
00:34:27,440 --> 00:34:31,440
Speaker 1: being able to you know, almost thinking of the airfare

661
00:34:31,480 --> 00:34:34,880
Speaker 1: that you pay for your economy seat as as something

662
00:34:34,920 --> 00:34:39,799
Speaker 1: of a lost leader. But your your data business, yeah,

663
00:34:39,880 --> 00:34:44,200
Speaker 1: your future business, your data being an increasingly valuable source

664
00:34:44,320 --> 00:34:47,120
Speaker 1: for the airlines. Well, you send out an email recently

665
00:34:47,200 --> 00:34:49,960
Speaker 1: about saving money when it comes to booking a rental car,

666
00:34:50,040 --> 00:34:53,239
Speaker 1: and that obviously in the pandemic has become just a

667
00:34:53,320 --> 00:34:56,560
Speaker 1: harrier thing, and especially last summer, some of those rental

668
00:34:56,560 --> 00:34:58,520
Speaker 1: car prices, like it didn't matter how much you played

669
00:34:58,640 --> 00:35:00,640
Speaker 1: your flight because your rental car was actually the most

670
00:35:00,680 --> 00:35:04,280
Speaker 1: expensive thing about your trip. So the car apocalypse exactly exactly.

671
00:35:04,280 --> 00:35:08,399
Speaker 1: I mean people running you haul in order to save

672
00:35:08,400 --> 00:35:11,560
Speaker 1: money around Hawaiian Yeah, and so yeah, you're taking the

673
00:35:11,600 --> 00:35:14,880
Speaker 1: road to Hannah in you but can you talk to

674
00:35:14,960 --> 00:35:17,320
Speaker 1: us about how folks can say on that aspect of travel,

675
00:35:17,320 --> 00:35:19,439
Speaker 1: like how can people get a rental car without paying

676
00:35:19,440 --> 00:35:22,440
Speaker 1: a Norman a leg? Yeah? Look, um, one of these

677
00:35:22,440 --> 00:35:25,600
Speaker 1: strategies that you can really use effectively with rental cars.

678
00:35:25,600 --> 00:35:28,160
Speaker 1: And one of the things I do is to check

679
00:35:28,239 --> 00:35:31,320
Speaker 1: back and check back often because let me give you

680
00:35:31,360 --> 00:35:33,920
Speaker 1: an example, So I recently had a trip to Boston

681
00:35:34,080 --> 00:35:37,200
Speaker 1: for a relative's wedding, and so as soon as I

682
00:35:37,400 --> 00:35:39,240
Speaker 1: found out about this wedding, I went and I booked

683
00:35:39,239 --> 00:35:42,680
Speaker 1: a rental car UH, knowing that when you book a

684
00:35:42,719 --> 00:35:47,360
Speaker 1: rental car with mostly with most UH rental car sites,

685
00:35:47,440 --> 00:35:49,560
Speaker 1: you know, whether it's an online traveling see or I

686
00:35:49,640 --> 00:35:53,239
Speaker 1: use Costco Travel personally, because I find the cheapest rates there,

687
00:35:53,760 --> 00:35:57,480
Speaker 1: your reservation is free to cancel. And so what that

688
00:35:57,560 --> 00:36:00,560
Speaker 1: means is, as soon as I know I have this

689
00:36:01,080 --> 00:36:02,880
Speaker 1: need for a rental car, I'll go ahead and book it.

690
00:36:03,000 --> 00:36:05,359
Speaker 1: And that is setting a price ceiling. So when I

691
00:36:05,360 --> 00:36:08,239
Speaker 1: first booked it, i'd have to go back and find

692
00:36:08,239 --> 00:36:09,840
Speaker 1: the exact number. I think it was like a hundred

693
00:36:09,840 --> 00:36:12,400
Speaker 1: and sixty six dollars was my first booking for a

694
00:36:12,400 --> 00:36:15,399
Speaker 1: two day rental. But then you know, I just set

695
00:36:15,400 --> 00:36:18,200
Speaker 1: myself a calendar reminder every Monday to go and just

696
00:36:18,239 --> 00:36:20,839
Speaker 1: do the same search. And so the next Monday, when

697
00:36:20,840 --> 00:36:23,920
Speaker 1: the rate went down to a hundred and fifty dollars,

698
00:36:23,920 --> 00:36:25,920
Speaker 1: what I did was I booked that new hundred and

699
00:36:25,920 --> 00:36:28,719
Speaker 1: fifty dollar rate and I canceled my old hundred and

700
00:36:28,719 --> 00:36:31,080
Speaker 1: sixty six dollar one. And so I say you know,

701
00:36:31,080 --> 00:36:34,720
Speaker 1: pocketarly that sixteen dollars, and then did oh the following

702
00:36:34,760 --> 00:36:36,840
Speaker 1: Monday when I went down a hundred forty or something,

703
00:36:36,840 --> 00:36:39,000
Speaker 1: it did the exact same process. And then the next

704
00:36:39,000 --> 00:36:41,239
Speaker 1: week when it went up to a hundred seventy five,

705
00:36:41,600 --> 00:36:44,000
Speaker 1: didn't matter because I had already locked it in at

706
00:36:44,000 --> 00:36:46,399
Speaker 1: a hundred forty. Again, think of it as a one

707
00:36:46,440 --> 00:36:49,960
Speaker 1: way ratchet win, where it's real heads I win, tails

708
00:36:50,000 --> 00:36:52,399
Speaker 1: you lose when the when the rent rental rate goes

709
00:36:52,520 --> 00:36:55,480
Speaker 1: down for the dates you need, then you can rebook

710
00:36:55,520 --> 00:36:58,160
Speaker 1: for free and pocket the difference. If the rental rates

711
00:36:58,160 --> 00:37:00,719
Speaker 1: go up, no big deal, You've allready locked in the

712
00:37:00,760 --> 00:37:02,839
Speaker 1: lower rate. And that this is something that you can

713
00:37:02,880 --> 00:37:06,440
Speaker 1: do really effectively with car rentals because you don't have

714
00:37:06,520 --> 00:37:09,520
Speaker 1: to pre pay for them because there's free cancelation, and

715
00:37:09,560 --> 00:37:11,840
Speaker 1: so trying to make sure you book as far in

716
00:37:11,920 --> 00:37:14,320
Speaker 1: advanced as possible. And then just again we talked about

717
00:37:14,320 --> 00:37:16,600
Speaker 1: how I'm a real kind of type a person when

718
00:37:16,640 --> 00:37:19,359
Speaker 1: it comes to organization. I just set myself a counter

719
00:37:19,480 --> 00:37:22,800
Speaker 1: reminder every Monday morning to just go and do thirty

720
00:37:22,840 --> 00:37:25,640
Speaker 1: second search, see if the fares any, if the rental

721
00:37:25,719 --> 00:37:28,000
Speaker 1: rates any cheaper now, and if it is, I'll rebook it.

722
00:37:28,400 --> 00:37:31,439
Speaker 1: I love it. Colendar reminders saved me so much money.

723
00:37:32,280 --> 00:37:35,799
Speaker 1: Basic keep the I R s from hounding me, make

724
00:37:35,800 --> 00:37:39,200
Speaker 1: sure I pay my quarterly estimates. That Scott, obviously you

725
00:37:39,680 --> 00:37:42,600
Speaker 1: like you're a huge fan of travel. You probably want

726
00:37:42,680 --> 00:37:44,239
Speaker 1: all of us to do something that you are doing.

727
00:37:44,280 --> 00:37:46,440
Speaker 1: But you are gonna make an arguments or in your

728
00:37:46,440 --> 00:37:48,480
Speaker 1: book you make an argument for why it is that

729
00:37:48,520 --> 00:37:50,880
Speaker 1: we should probably travel a little more often. And we

730
00:37:51,120 --> 00:37:53,240
Speaker 1: will actually get to that, plus a couple other questions

731
00:37:53,280 --> 00:38:04,839
Speaker 1: here right after the break. All right, we are back

732
00:38:04,960 --> 00:38:07,640
Speaker 1: from the break, still talking with Scott Kais about the

733
00:38:07,680 --> 00:38:10,719
Speaker 1: new era of cheap travel, and Scott, I just want

734
00:38:10,760 --> 00:38:13,360
Speaker 1: to talk about airline seats shrinking for just a second,

735
00:38:13,400 --> 00:38:16,840
Speaker 1: because in your book you you say they are actually shrinking.

736
00:38:16,840 --> 00:38:19,160
Speaker 1: I was. I feel like they confirmed my suspicions because

737
00:38:19,200 --> 00:38:21,360
Speaker 1: I'm six foot six and I feel like I thought

738
00:38:21,360 --> 00:38:25,160
Speaker 1: that they were perennially on the data to support that. Right.

739
00:38:25,280 --> 00:38:29,040
Speaker 1: That's my and my apologies. Yes, it's called densification. One

740
00:38:29,040 --> 00:38:30,919
Speaker 1: of the reasons why we're living in the golden age

741
00:38:30,920 --> 00:38:33,040
Speaker 1: of cheap flights is these seats are not as big

742
00:38:33,080 --> 00:38:35,000
Speaker 1: as they used to be because airlines are trying to

743
00:38:35,000 --> 00:38:38,480
Speaker 1: fit more onto the plane every single year. You might

744
00:38:38,640 --> 00:38:42,280
Speaker 1: have by not upgrading, then like should I pay extra

745
00:38:42,320 --> 00:38:44,320
Speaker 1: for more leg room or is that or should I

746
00:38:44,360 --> 00:38:46,879
Speaker 1: just got the means and interest by all means? Look,

747
00:38:46,920 --> 00:38:49,080
Speaker 1: I mean, that's one of the great things about the

748
00:38:49,080 --> 00:38:52,160
Speaker 1: the the kind of current age of of flying is

749
00:38:52,239 --> 00:38:56,200
Speaker 1: that you can pay, uh to upgrade to premium economy

750
00:38:56,200 --> 00:38:59,200
Speaker 1: where you're gonna have basically, you know, rather than the

751
00:38:59,320 --> 00:39:02,279
Speaker 1: thirty or three already one inch of leg room, you'll

752
00:39:02,280 --> 00:39:05,719
Speaker 1: have thirty four thirty six inches and so you know, look,

753
00:39:05,719 --> 00:39:07,279
Speaker 1: it can make a big difference special if you're a

754
00:39:07,280 --> 00:39:10,760
Speaker 1: tall guy. But um, for most folks, you know, buying

755
00:39:10,880 --> 00:39:13,200
Speaker 1: the economy seat and putting up with it for a

756
00:39:13,239 --> 00:39:15,960
Speaker 1: short flight is tends to be the way that they go.

757
00:39:16,320 --> 00:39:18,560
Speaker 1: If it's a longer flight or if you're really tall,

758
00:39:19,640 --> 00:39:23,239
Speaker 1: opting for those upgrades can be worth it. Can I

759
00:39:23,280 --> 00:39:25,680
Speaker 1: just Reminiscen Scott? Did you ever fly air tran back

760
00:39:25,719 --> 00:39:27,920
Speaker 1: in the day? I did? Yeah, do you remember the

761
00:39:27,960 --> 00:39:30,520
Speaker 1: air tran? Uh? I forget what it wasn't business class

762
00:39:30,560 --> 00:39:32,440
Speaker 1: is what they called it, but it was it was

763
00:39:32,480 --> 00:39:34,719
Speaker 1: something where they had those nice, bigger seats and in

764
00:39:34,840 --> 00:39:36,719
Speaker 1: for some of the legs from the shorter legs, it

765
00:39:36,719 --> 00:39:39,719
Speaker 1: was only a forty dollar upgrade. Or there's there's a

766
00:39:39,760 --> 00:39:43,920
Speaker 1: similar aspect that happens with Spirit today where they sell

767
00:39:44,320 --> 00:39:47,080
Speaker 1: the couple front rows that you know, it's not exactly

768
00:39:47,200 --> 00:39:49,680
Speaker 1: first class, but they call it the big front seat

769
00:39:49,719 --> 00:39:54,640
Speaker 1: where it's you know, significantly larger at a relatively reasonable upsell,

770
00:39:54,719 --> 00:39:56,920
Speaker 1: you know, often forty fifty sixty bucks. And so, like

771
00:39:57,000 --> 00:39:58,480
Speaker 1: I said, you know, if you're a larger guy, if

772
00:39:58,520 --> 00:40:01,560
Speaker 1: you are larger woman, or you uh just need to

773
00:40:01,800 --> 00:40:04,680
Speaker 1: you know, be traveling a further distance, that can ma

774
00:40:04,680 --> 00:40:09,320
Speaker 1: anyways be the most affordable way to have a roomier ride.

775
00:40:09,640 --> 00:40:12,400
Speaker 1: Uh looking at that at that big front seat on Spirit,

776
00:40:13,840 --> 00:40:20,480
Speaker 1: you're you're paying by the inch. Maybe, yeah, I mean,

777
00:40:20,560 --> 00:40:22,520
Speaker 1: as long as people have options, right, Like, I think

778
00:40:22,520 --> 00:40:24,800
Speaker 1: that's the biggest thing is that you are you truly

779
00:40:24,800 --> 00:40:27,040
Speaker 1: are able to fly in a way that fits with

780
00:40:27,080 --> 00:40:29,399
Speaker 1: your budget, in a way that you value your money

781
00:40:29,440 --> 00:40:31,400
Speaker 1: and the way in ways that you want to spend

782
00:40:31,400 --> 00:40:33,359
Speaker 1: your money. And I think that's one of the things

783
00:40:33,360 --> 00:40:35,680
Speaker 1: that all this competition has brought is that no longer

784
00:40:35,719 --> 00:40:38,520
Speaker 1: are you just subjected to the standard ticket. You can.

785
00:40:38,600 --> 00:40:40,640
Speaker 1: You can go cheap. You can go really cheap. You can.

786
00:40:41,160 --> 00:40:43,480
Speaker 1: Sounds like you don't like traveling in a fannie pack,

787
00:40:43,520 --> 00:40:44,960
Speaker 1: you know where you've got like two days worth the

788
00:40:44,960 --> 00:40:46,560
Speaker 1: clothes just in a little fanny pack so you don't

789
00:40:46,560 --> 00:40:49,160
Speaker 1: get charged. But for those who do want to do that,

790
00:40:49,239 --> 00:40:52,080
Speaker 1: I love that those options are out there, including Joel

791
00:40:52,160 --> 00:40:55,960
Speaker 1: to pay, you know, I think that's one of the

792
00:40:56,000 --> 00:40:59,440
Speaker 1: biggest stories of the way that air travel has changed

793
00:40:59,520 --> 00:41:02,160
Speaker 1: over the forty or fifty years. Going from a one

794
00:41:02,239 --> 00:41:06,040
Speaker 1: size fits all UH offering where you could, you know,

795
00:41:06,040 --> 00:41:07,560
Speaker 1: people could fly and you would get it was a

796
00:41:07,640 --> 00:41:11,240
Speaker 1: very you know, much more comfortable experience. The seats were larger,

797
00:41:11,320 --> 00:41:14,160
Speaker 1: you know, the meals and everything, but you had to

798
00:41:14,280 --> 00:41:18,239
Speaker 1: be very much for that ticket. This was not a

799
00:41:18,280 --> 00:41:21,480
Speaker 1: mass market thing. You know. You if you were you know,

800
00:41:21,719 --> 00:41:24,480
Speaker 1: it weren't in the top five percent of income earners,

801
00:41:24,480 --> 00:41:26,560
Speaker 1: you probably weren't going to be able to afford to fly.

802
00:41:27,440 --> 00:41:31,640
Speaker 1: Whereas today, you know, it is incredibly affordable. You know,

803
00:41:31,680 --> 00:41:34,960
Speaker 1: the vast majority of Americans have have flown in their lifetime.

804
00:41:35,719 --> 00:41:38,239
Speaker 1: Around half of people get on an airplane every single year,

805
00:41:38,239 --> 00:41:41,520
Speaker 1: and airfare is getting cheaper every successive year. And so

806
00:41:41,960 --> 00:41:44,759
Speaker 1: I think that's a wonderful thing that air travels not

807
00:41:44,960 --> 00:41:46,920
Speaker 1: something that is just reserved for the rich and the

808
00:41:46,960 --> 00:41:49,080
Speaker 1: elite like it used to be, but that it's accessible

809
00:41:49,120 --> 00:41:52,000
Speaker 1: for most people, for most people, in that travel is

810
00:41:52,080 --> 00:41:54,960
Speaker 1: much more possible for people in a way it didn't

811
00:41:55,040 --> 00:41:57,480
Speaker 1: used to be. Yeah, I agree. I think sometimes people

812
00:41:57,480 --> 00:41:59,560
Speaker 1: complain about and I'm I'm not gonna be the one

813
00:41:59,560 --> 00:42:01,040
Speaker 1: who complain. I am going to be the one who

814
00:42:01,120 --> 00:42:02,680
Speaker 1: was like, you know what, I'm okay with those smaller

815
00:42:02,719 --> 00:42:05,279
Speaker 1: seats if it means that there are because I can

816
00:42:05,320 --> 00:42:08,319
Speaker 1: afford upgrade if I want to write, if but I

817
00:42:08,400 --> 00:42:10,160
Speaker 1: personally choose not to most of the time, I'm like,

818
00:42:10,200 --> 00:42:11,840
Speaker 1: you know what, I can I can take two hours

819
00:42:11,840 --> 00:42:14,080
Speaker 1: and just kind of like a test of will, like

820
00:42:14,120 --> 00:42:17,880
Speaker 1: can I exactly exactly exactly. It's like it's like a workout.

821
00:42:18,560 --> 00:42:21,879
Speaker 1: What cane can I push myself? Yeah? Well, obviously that's

822
00:42:21,920 --> 00:42:23,760
Speaker 1: I mean, this is a trend that we love seeing

823
00:42:24,040 --> 00:42:26,440
Speaker 1: where where air travel is becoming more affordable. Let's talk

824
00:42:26,480 --> 00:42:29,239
Speaker 1: about a trend that we don't like seeing, which is

825
00:42:29,239 --> 00:42:32,359
Speaker 1: that like many folks don't take all of their vacation time.

826
00:42:32,640 --> 00:42:34,040
Speaker 1: You know, a lot of folks are choosing to work

827
00:42:34,080 --> 00:42:37,319
Speaker 1: over rest and play, even though we say that we

828
00:42:37,400 --> 00:42:39,880
Speaker 1: want to travel more. So, yeah, Scott, like, what's up

829
00:42:39,880 --> 00:42:42,480
Speaker 1: with that? What's up with the culture here in the

830
00:42:42,560 --> 00:42:45,080
Speaker 1: US when it comes to travel, especially when it comes

831
00:42:45,080 --> 00:42:48,359
Speaker 1: to air fair. Yeah, look, um, the US is one

832
00:42:48,360 --> 00:42:50,920
Speaker 1: of the worst countries in the world and actually taking

833
00:42:51,239 --> 00:42:54,880
Speaker 1: vacation days and and look, that's partly a story of

834
00:42:55,440 --> 00:42:58,319
Speaker 1: uh there. You know, unlike many pure countries, there's no

835
00:42:58,440 --> 00:43:02,320
Speaker 1: requirement for paid time off. There are certainly many jobs

836
00:43:02,360 --> 00:43:04,600
Speaker 1: that don't have paid vacation as part of it. But

837
00:43:04,680 --> 00:43:07,719
Speaker 1: even among people who do have paid vacation days in

838
00:43:07,760 --> 00:43:12,040
Speaker 1: their in their job, you look at at usage statistics

839
00:43:12,160 --> 00:43:15,480
Speaker 1: and it's not only is it low by international standards,

840
00:43:15,520 --> 00:43:19,160
Speaker 1: it's many ways getting worse. I mean, American vacation days

841
00:43:19,280 --> 00:43:22,440
Speaker 1: went from on average twenty days or so in the

842
00:43:22,480 --> 00:43:24,880
Speaker 1: mid nineties that people would take off per year to

843
00:43:25,360 --> 00:43:29,799
Speaker 1: closer to you know, fifteen sixteen to today. Millennials tend

844
00:43:29,840 --> 00:43:32,680
Speaker 1: to be even worse on it. People all say, you know,

845
00:43:32,719 --> 00:43:35,520
Speaker 1: we want to take more vacations, we want to travel more,

846
00:43:36,080 --> 00:43:39,520
Speaker 1: and yet we're taking fewer and fewer days off. And

847
00:43:39,840 --> 00:43:43,839
Speaker 1: in my mind, that's mostly a question, uh question of

848
00:43:44,360 --> 00:43:47,480
Speaker 1: what is the biggest hurdle that's stopping people from taking

849
00:43:47,560 --> 00:43:50,239
Speaker 1: more vacations and traveling more than they would want to.

850
00:43:50,600 --> 00:43:54,920
Speaker 1: Is it a question of of not having enough vacation days.

851
00:43:54,960 --> 00:43:57,439
Speaker 1: Certainly that's the case for for some people, but by

852
00:43:57,440 --> 00:44:00,400
Speaker 1: and large, that doesn't seem to be the constraining factor.

853
00:44:00,440 --> 00:44:03,880
Speaker 1: I think the constraining factor is the headache, volatility, and

854
00:44:03,960 --> 00:44:08,040
Speaker 1: uncertainty of booking flights. It's so it's the most volatile

855
00:44:08,040 --> 00:44:11,080
Speaker 1: purchase that we regularly make. You have no idea, you know,

856
00:44:11,160 --> 00:44:15,680
Speaker 1: is the airfare that I'm seeing from Atlanta to Amsterdam?

857
00:44:15,760 --> 00:44:17,800
Speaker 1: Is this a good fare? Is this a bad fair?

858
00:44:17,840 --> 00:44:20,880
Speaker 1: Should I book today? Should I wait? It's such a

859
00:44:21,719 --> 00:44:24,799
Speaker 1: daunting task for most people that, you know, if you

860
00:44:24,920 --> 00:44:27,239
Speaker 1: end wind up overpaying for your flights, you get one

861
00:44:27,320 --> 00:44:29,320
Speaker 1: shot at it, and if you wind up over paying,

862
00:44:29,360 --> 00:44:32,040
Speaker 1: it kind of cast a little bit of a cloud

863
00:44:32,120 --> 00:44:34,040
Speaker 1: over the trip. You feel like you have to pinch

864
00:44:34,120 --> 00:44:36,560
Speaker 1: pennies to make, you know, to to make up for

865
00:44:36,600 --> 00:44:40,040
Speaker 1: the expensive flights. You kind of have this existential pressure

866
00:44:40,040 --> 00:44:43,520
Speaker 1: on your shoulders to enjoy the vacations sufficient with what

867
00:44:43,640 --> 00:44:46,480
Speaker 1: you paid for that flight. Whereas on the converse, you know,

868
00:44:46,560 --> 00:44:48,919
Speaker 1: you think of back to that hundred thirty dollar flight

869
00:44:48,960 --> 00:44:51,799
Speaker 1: I got to Milan. That was a real revelation for

870
00:44:51,840 --> 00:44:54,840
Speaker 1: me because unlike past trips where I felt that pressure

871
00:44:54,920 --> 00:44:57,719
Speaker 1: to make the expense of the trip worth it, this

872
00:44:57,840 --> 00:45:00,480
Speaker 1: time I felt like I was playing with how money.

873
00:45:00,600 --> 00:45:02,800
Speaker 1: I felt like, oh my gosh, you know, I saved

874
00:45:03,080 --> 00:45:06,000
Speaker 1: so much on flights. Not only can I just splurge

875
00:45:06,160 --> 00:45:10,040
Speaker 1: on the actual vacation itself, you know, bet by better meals,

876
00:45:10,239 --> 00:45:13,000
Speaker 1: do more fun activities, uh stuff where I might have

877
00:45:13,040 --> 00:45:15,359
Speaker 1: pinched pennies beforehand. So not only did I have a

878
00:45:15,360 --> 00:45:19,200
Speaker 1: better actual trip, but a better mental trip because I

879
00:45:19,239 --> 00:45:22,160
Speaker 1: didn't feel that same sort of pressure to make it

880
00:45:22,200 --> 00:45:24,000
Speaker 1: all worth it. You know, I could just sort of

881
00:45:24,239 --> 00:45:27,360
Speaker 1: relax and enjoy myself and not feel like, oh, I

882
00:45:27,400 --> 00:45:29,239
Speaker 1: gotta make this worth it because I paid so much

883
00:45:29,280 --> 00:45:32,799
Speaker 1: for the flight, Like we're like, we're like, I gotta

884
00:45:32,800 --> 00:45:36,320
Speaker 1: get up at seven every morning and must maximize the

885
00:45:36,400 --> 00:45:39,200
Speaker 1: day exactly exactly. And then, you know, it became a

886
00:45:39,239 --> 00:45:42,960
Speaker 1: revelation because not only for this specific trip, but I realized, well,

887
00:45:42,960 --> 00:45:45,080
Speaker 1: what if you extend this further? What if what if

888
00:45:45,239 --> 00:45:47,560
Speaker 1: most of the trips you take are ones where you're

889
00:45:47,640 --> 00:45:50,480
Speaker 1: not overpaying but instead getting a good deal. All of

890
00:45:50,520 --> 00:45:52,440
Speaker 1: a sudden you can start to not only you know,

891
00:45:52,480 --> 00:45:54,759
Speaker 1: if you pay three hundred or four hundred dollars for

892
00:45:54,800 --> 00:45:57,480
Speaker 1: your flight to Europe rather than a thousand, that means

893
00:45:57,560 --> 00:45:59,920
Speaker 1: you can take three vacations for the price that you

894
00:46:00,160 --> 00:46:02,000
Speaker 1: used to pay for one. So not only do you

895
00:46:02,040 --> 00:46:04,759
Speaker 1: get to have more time doing it, but you get

896
00:46:04,800 --> 00:46:07,839
Speaker 1: to explore more places. You get to not just go

897
00:46:07,960 --> 00:46:10,160
Speaker 1: to the big you know, not just go to Paris

898
00:46:10,239 --> 00:46:12,920
Speaker 1: or London, but to go to I don't know, Vilnias,

899
00:46:13,000 --> 00:46:16,520
Speaker 1: or go to Copenhagen, or go to Valencia, places that

900
00:46:16,600 --> 00:46:19,560
Speaker 1: might be not as high on the average tourist list,

901
00:46:19,600 --> 00:46:22,080
Speaker 1: but place that might appeal to you personally. You get

902
00:46:22,080 --> 00:46:26,000
Speaker 1: to wind up exploring more places, finding plantings appeal to

903
00:46:26,040 --> 00:46:28,799
Speaker 1: you as an individual. And I find you you end

904
00:46:28,880 --> 00:46:31,920
Speaker 1: up having a better travel experience as a result of

905
00:46:31,960 --> 00:46:35,960
Speaker 1: being able to do that sampling, because you've got cheaper

906
00:46:36,000 --> 00:46:39,040
Speaker 1: flights in the first place. So writing this book and

907
00:46:39,160 --> 00:46:41,920
Speaker 1: and sort of exploring that, well, what are the knock

908
00:46:41,960 --> 00:46:45,160
Speaker 1: on effects of getting cheap flights there? I came away

909
00:46:45,200 --> 00:46:47,960
Speaker 1: from it realizing that they're even more life changing than

910
00:46:48,000 --> 00:46:50,359
Speaker 1: I had realized to begin with. And and that's why

911
00:46:50,360 --> 00:46:53,640
Speaker 1: I'm out here preaching the cheap flight gospel, because they're not.

912
00:46:54,040 --> 00:46:56,479
Speaker 1: It's not just about saving money, it's about actually having

913
00:46:56,520 --> 00:46:59,879
Speaker 1: better vacations and more of them. I love it well,

914
00:47:00,200 --> 00:47:02,680
Speaker 1: And I love your desire to give people not just

915
00:47:02,760 --> 00:47:04,879
Speaker 1: to take an extra vacation a year, but to take

916
00:47:04,920 --> 00:47:06,880
Speaker 1: a lot more vacations, like and you say, actually those

917
00:47:06,880 --> 00:47:10,319
Speaker 1: shorter trips because of the anticipation factor, it actually makes

918
00:47:10,360 --> 00:47:12,839
Speaker 1: it a richer experience. I love that too. How even

919
00:47:12,840 --> 00:47:15,480
Speaker 1: just looking forward to and then remembering your trip, having

920
00:47:15,480 --> 00:47:17,200
Speaker 1: more trips gives you more to look forward to and

921
00:47:17,239 --> 00:47:19,640
Speaker 1: then more to remember. But but on top of that,

922
00:47:19,640 --> 00:47:22,120
Speaker 1: the longer travel is actually starting to become more popular

923
00:47:22,200 --> 00:47:23,680
Speaker 1: right now. So I'm curious to get your take on that,

924
00:47:23,719 --> 00:47:27,240
Speaker 1: because more people working remotely, maybe from a random destination

925
00:47:27,320 --> 00:47:29,080
Speaker 1: like I'm gonna spend a month in Portugal or I'm

926
00:47:29,080 --> 00:47:32,080
Speaker 1: gonna spend a month over here. Um, that's happening more

927
00:47:32,200 --> 00:47:35,640
Speaker 1: than ever before, Like Airbnb is reporting less week long

928
00:47:35,640 --> 00:47:37,759
Speaker 1: stays more month long stays. Right, So do you do

929
00:47:37,800 --> 00:47:39,720
Speaker 1: you have any tips for folks who want to travel

930
00:47:40,239 --> 00:47:44,960
Speaker 1: and and also simultaneously work abroad. Yeah, I'm so glad

931
00:47:45,000 --> 00:47:47,799
Speaker 1: you touched on that sort of psychology aspect, because I

932
00:47:47,800 --> 00:47:50,000
Speaker 1: think one of the biggest mistakes we make when we

933
00:47:50,000 --> 00:47:53,879
Speaker 1: think about travel is only thinking about travel happiness as

934
00:47:53,920 --> 00:47:57,080
Speaker 1: something that happens during the trip, when in reality, when

935
00:47:57,080 --> 00:47:59,399
Speaker 1: you go look at at research of how people tend

936
00:47:59,440 --> 00:48:02,480
Speaker 1: to enjoy travel, we actually get as much joy, if

937
00:48:02,480 --> 00:48:06,040
Speaker 1: not more joy, from anticipating a trip, from looking forward

938
00:48:06,080 --> 00:48:08,800
Speaker 1: to a trip, from day dreaming about that wonderful, you

939
00:48:08,840 --> 00:48:11,439
Speaker 1: know cafe we're gonna hang out in Paris, that great

940
00:48:11,520 --> 00:48:14,759
Speaker 1: beach we're gonna sip a cocktail in in in Rio,

941
00:48:14,920 --> 00:48:17,600
Speaker 1: and and you know, on our our daydreams are not

942
00:48:17,680 --> 00:48:21,279
Speaker 1: only free, they are flawless. Nothing bad ever happens when

943
00:48:21,280 --> 00:48:24,319
Speaker 1: we think about that cafe, when in reality, during a trip,

944
00:48:24,400 --> 00:48:26,960
Speaker 1: you know, I don't know, a bunch of cars honking nearby,

945
00:48:27,719 --> 00:48:31,400
Speaker 1: the waiter forgets your drink order, like the rains and

946
00:48:31,440 --> 00:48:35,000
Speaker 1: stuff the rains like stuff happens. But this is why,

947
00:48:35,120 --> 00:48:38,160
Speaker 1: in large part, the looking forward to a trip and

948
00:48:38,200 --> 00:48:40,440
Speaker 1: reminiscing about a trip, it tend we tend to do

949
00:48:40,440 --> 00:48:42,680
Speaker 1: it with rose colored glasses, and so I think we

950
00:48:42,719 --> 00:48:45,560
Speaker 1: actually end up enjoying it more and why I think

951
00:48:46,560 --> 00:48:51,239
Speaker 1: like trying to separate out and take more vacations. You know,

952
00:48:51,280 --> 00:48:54,080
Speaker 1: if you've got three weeks of vacation a year, taking

953
00:48:54,239 --> 00:48:57,719
Speaker 1: three one week vacations will lead to more happiness than

954
00:48:57,760 --> 00:49:01,440
Speaker 1: taking one three week vacation. But you know, when I

955
00:49:01,440 --> 00:49:05,879
Speaker 1: wrote this was at a time just before this sort

956
00:49:05,880 --> 00:49:11,080
Speaker 1: of work from anywhere became much more than norm and

957
00:49:11,120 --> 00:49:14,440
Speaker 1: so you know, it's something that I think has become

958
00:49:14,560 --> 00:49:18,319
Speaker 1: like that long slow travel is actually much more plausible

959
00:49:18,400 --> 00:49:22,279
Speaker 1: now because you're not having to come home, uh in

960
00:49:22,320 --> 00:49:24,080
Speaker 1: a sense, you know, you're not having to go there

961
00:49:24,200 --> 00:49:26,759
Speaker 1: and then come back your your your time is less

962
00:49:26,880 --> 00:49:30,120
Speaker 1: constrained for this three weeks of vacation might have a

963
00:49:30,200 --> 00:49:32,520
Speaker 1: year and then more of like travel now is a

964
00:49:32,560 --> 00:49:36,960
Speaker 1: lifestyle where you're where you actually live is changing, and

965
00:49:37,000 --> 00:49:39,960
Speaker 1: so you can really take advantage of it to be

966
00:49:40,000 --> 00:49:43,120
Speaker 1: able to see far more places, especially if you're like

967
00:49:43,440 --> 00:49:46,840
Speaker 1: traveling over to Europe, where by far the largest travel

968
00:49:46,920 --> 00:49:49,920
Speaker 1: expense is just the flight across the ocean. But once

969
00:49:50,000 --> 00:49:52,600
Speaker 1: you get to Europe, you know, between the trains, the

970
00:49:52,760 --> 00:49:56,080
Speaker 1: budget airlines there and everything else, it's really easy to

971
00:49:56,120 --> 00:49:59,279
Speaker 1: pop over from Madrid, to Barcelona, Barcelona to Rome, Rome

972
00:49:59,360 --> 00:50:02,080
Speaker 1: to Milan, Alan to pairs, you know, like like it's

973
00:50:02,200 --> 00:50:04,839
Speaker 1: you know, under a hundred bucks, if not cheaper for

974
00:50:04,920 --> 00:50:07,760
Speaker 1: any one of those legs, whereas the expense of getting

975
00:50:07,800 --> 00:50:10,520
Speaker 1: across the ocean is oftentimes the biggest one that folks

976
00:50:10,520 --> 00:50:13,680
Speaker 1: are facing. And so if you are inclined to do

977
00:50:13,920 --> 00:50:17,719
Speaker 1: that slow uh kind of travel and work from anywhere,

978
00:50:18,000 --> 00:50:19,840
Speaker 1: doing it in a place where you can bop around,

979
00:50:19,880 --> 00:50:24,200
Speaker 1: whether that's uh, Europe, whether that's Southeast Asia where there's

980
00:50:24,200 --> 00:50:27,000
Speaker 1: a lot of infrastructure to support that is I think

981
00:50:27,040 --> 00:50:28,840
Speaker 1: a really kind of shrewd way to go, And I

982
00:50:28,880 --> 00:50:30,919
Speaker 1: love it just as a sampling thing to be able

983
00:50:30,920 --> 00:50:33,880
Speaker 1: to test out see how you like different places, and

984
00:50:33,920 --> 00:50:35,800
Speaker 1: then for the ones that you like, you can always

985
00:50:35,800 --> 00:50:39,200
Speaker 1: come back to later, knowing you know, Paris isn't going anywhere,

986
00:50:39,360 --> 00:50:43,240
Speaker 1: you know, uh, Bangkok's not going anywhere. You can always

987
00:50:43,280 --> 00:50:45,680
Speaker 1: come back and visit more. Even if you don't get

988
00:50:45,719 --> 00:50:48,560
Speaker 1: everything you want out of this one trip. Yeah, it

989
00:50:48,560 --> 00:50:50,680
Speaker 1: just takes the pressure off of it being like the

990
00:50:50,800 --> 00:50:53,600
Speaker 1: perfect experience, the perfect trips, Like you know what, maybe

991
00:50:53,640 --> 00:50:55,319
Speaker 1: next time it'll be it'll be even better. We can

992
00:50:55,360 --> 00:50:58,160
Speaker 1: spend even more time here. It's we're huge fans of

993
00:50:58,200 --> 00:51:01,800
Speaker 1: your newsletter. Jill and I we both we both get it. Actually,

994
00:51:01,840 --> 00:51:05,080
Speaker 1: recently you had you highlighted a like seven deal to

995
00:51:05,200 --> 00:51:08,279
Speaker 1: Korea that unfortunately afforded it to man. I was like,

996
00:51:08,320 --> 00:51:10,480
Speaker 1: don't you want to go? I had already afforded it

997
00:51:10,560 --> 00:51:14,560
Speaker 1: to my wife because I saw it that morning as well. Unfortunately,

998
00:51:14,560 --> 00:51:16,279
Speaker 1: we're not going to be able to take advantage of

999
00:51:16,280 --> 00:51:18,759
Speaker 1: that one. But can you tell our listeners how they

1000
00:51:18,760 --> 00:51:21,160
Speaker 1: can sign up for that newsletter? How does it all work? Yeah,

1001
00:51:21,239 --> 00:51:23,840
Speaker 1: you can go to Scott's cheap flights dot com. No

1002
00:51:24,040 --> 00:51:27,680
Speaker 1: posturehe these, no underscores, just Scott's cheap Flights dot Com.

1003
00:51:27,920 --> 00:51:29,920
Speaker 1: We'd be honored to send you cheap flights out of

1004
00:51:29,920 --> 00:51:31,839
Speaker 1: your home airport. You just put in your email tell

1005
00:51:31,920 --> 00:51:33,680
Speaker 1: us what your home airport is, and then we're going

1006
00:51:33,719 --> 00:51:35,959
Speaker 1: to be searching and making sure that you never miss

1007
00:51:36,239 --> 00:51:39,440
Speaker 1: a great deal popping up from your home airport. And lastly,

1008
00:51:39,640 --> 00:51:41,719
Speaker 1: you know, as as sad as I am to hear

1009
00:51:41,760 --> 00:51:45,200
Speaker 1: that this specific career deal wasn't the one. One of

1010
00:51:45,239 --> 00:51:48,520
Speaker 1: the things I've learned on my seven years now working

1011
00:51:48,600 --> 00:51:52,400
Speaker 1: as a cheap flight expert is that um, I have

1012
00:51:52,520 --> 00:51:57,759
Speaker 1: been shocked at just how voluminous cheap fares are that

1013
00:51:57,840 --> 00:52:01,120
Speaker 1: I was at the outset. I worried, are there going

1014
00:52:01,160 --> 00:52:03,640
Speaker 1: to be enough deals out there that I could that

1015
00:52:03,800 --> 00:52:06,160
Speaker 1: like that this is going to be possible as a company,

1016
00:52:06,200 --> 00:52:08,520
Speaker 1: as a business and everything else. And that has not

1017
00:52:08,960 --> 00:52:12,680
Speaker 1: once been a problem. Every single day for the past

1018
00:52:12,719 --> 00:52:16,120
Speaker 1: seven years, we have found cheap flights, especially you know,

1019
00:52:16,160 --> 00:52:19,000
Speaker 1: flights overseas, not ones that are saving fifty bucks or

1020
00:52:20,040 --> 00:52:22,880
Speaker 1: on average, our international deals are saving five d and

1021
00:52:22,880 --> 00:52:26,480
Speaker 1: fifty dollars round trip. So even though this specific career

1022
00:52:26,520 --> 00:52:29,239
Speaker 1: deal didn't work out, there's going to be another one.

1023
00:52:29,280 --> 00:52:31,400
Speaker 1: I guarantee it. I love it. We'll be on the

1024
00:52:31,400 --> 00:52:33,640
Speaker 1: lookout for that. Scott, thank you so much for joining us. Man.

1025
00:52:33,680 --> 00:52:36,640
Speaker 1: We really appreciate it. My pleasure is always always great

1026
00:52:36,680 --> 00:52:39,120
Speaker 1: to be here. Thank you so much for having me back. Scott.

1027
00:52:39,160 --> 00:52:42,080
Speaker 1: It's always a pleasure to talk to you, joel Man.

1028
00:52:42,120 --> 00:52:44,640
Speaker 1: What a fun conversation. I swear every time we talked

1029
00:52:44,640 --> 00:52:46,040
Speaker 1: to Scott. It just makes me want to spend a

1030
00:52:46,120 --> 00:52:47,800
Speaker 1: lot of money, or it makes me not want to

1031
00:52:47,840 --> 00:52:49,360
Speaker 1: spend a lot of money. It makes me want to

1032
00:52:49,360 --> 00:52:52,359
Speaker 1: spend some time looking up the cheap flights and making

1033
00:52:52,360 --> 00:52:54,720
Speaker 1: sure that I am taking advantage of all the vacation

1034
00:52:54,800 --> 00:52:56,960
Speaker 1: days that we have carved out in our how to

1035
00:52:57,040 --> 00:52:59,640
Speaker 1: Money schedule. But but for you real quick, what was

1036
00:52:59,680 --> 00:53:02,000
Speaker 1: your big takeaway from this conversation with Scott. I just

1037
00:53:02,000 --> 00:53:04,920
Speaker 1: gotta say, some folks have like a mount rushmore of

1038
00:53:04,960 --> 00:53:08,200
Speaker 1: superheroes that they love or of entertainment stars. Scott, I

1039
00:53:08,200 --> 00:53:10,279
Speaker 1: think Scott kys would be on our mount rushmore of

1040
00:53:10,640 --> 00:53:14,880
Speaker 1: frugal money saving dudes. And that's a pretty sure. Yeah. Well,

1041
00:53:14,920 --> 00:53:17,040
Speaker 1: it's just fun too to talk to somebody when it

1042
00:53:17,120 --> 00:53:19,640
Speaker 1: comes like he's an expert in a way that we

1043
00:53:19,719 --> 00:53:22,319
Speaker 1: spend our money. That's very fun. Yes, right, Because you

1044
00:53:22,400 --> 00:53:25,200
Speaker 1: take that same passion, that same expertise and apply its

1045
00:53:25,480 --> 00:53:29,279
Speaker 1: taxes or something a little bit drier, it's still gonna

1046
00:53:29,320 --> 00:53:32,719
Speaker 1: be a less interesting, less engaging conversation because we're not

1047
00:53:32,800 --> 00:53:36,320
Speaker 1: super excited more the medicine you've got to take right exactly,

1048
00:53:36,400 --> 00:53:38,279
Speaker 1: but you still need the information, but it's not quite

1049
00:53:38,280 --> 00:53:40,399
Speaker 1: as joyful to receive it totally. All right. Well, yeah,

1050
00:53:40,400 --> 00:53:43,920
Speaker 1: my big takeaway was when Scott said the average airfare

1051
00:53:44,080 --> 00:53:45,879
Speaker 1: going up, Well, that doesn't mean that there are any

1052
00:53:45,920 --> 00:53:49,239
Speaker 1: cheap flights, and we briefly alluded to this on on

1053
00:53:49,280 --> 00:53:51,920
Speaker 1: Friday's episode, and Scott talked about it in this interview

1054
00:53:52,440 --> 00:53:55,400
Speaker 1: where just because you see those headline numbers that inflation

1055
00:53:55,480 --> 00:53:58,840
Speaker 1: is making everything more expensive, including flights. Yes, the average

1056
00:53:58,840 --> 00:54:01,359
Speaker 1: air fair is more expensive, but doesn't mean you can't

1057
00:54:01,360 --> 00:54:04,200
Speaker 1: score a ridiculously cheap deal. And in fact, Scott talked

1058
00:54:04,239 --> 00:54:06,400
Speaker 1: about all of the reasons you can still score a

1059
00:54:06,480 --> 00:54:08,520
Speaker 1: cheap deal, So don't pay attention to that stuff. Pay

1060
00:54:08,520 --> 00:54:11,359
Speaker 1: attention instead to the lolo numbers of the airfare that

1061
00:54:11,440 --> 00:54:15,080
Speaker 1: you can get because of this new era of chief

1062
00:54:15,080 --> 00:54:16,920
Speaker 1: flights that we're in. But yeah, what was your big

1063
00:54:16,920 --> 00:54:19,360
Speaker 1: take right? My? My big takeaway was gonna be really broad,

1064
00:54:19,400 --> 00:54:21,600
Speaker 1: which is so his splurge was he was talking about

1065
00:54:21,600 --> 00:54:23,840
Speaker 1: the annual fees that he pays towards his credit cards,

1066
00:54:24,280 --> 00:54:27,600
Speaker 1: and dude, you and I we hate fees, but this

1067
00:54:27,640 --> 00:54:30,120
Speaker 1: is one of those situations where if you are taking

1068
00:54:30,120 --> 00:54:33,680
Speaker 1: advantage of a product, then it can be worth the fees. Uh.

1069
00:54:33,719 --> 00:54:35,680
Speaker 1: It's it kind of reminds me of debt, right, Like,

1070
00:54:36,080 --> 00:54:39,640
Speaker 1: I don't think I'm ever gonna say that debt is good. However,

1071
00:54:40,400 --> 00:54:42,919
Speaker 1: debts might be this thing that you pay a little

1072
00:54:43,000 --> 00:54:45,600
Speaker 1: little bit on, especially if it's a very low interest rate,

1073
00:54:45,760 --> 00:54:48,120
Speaker 1: if it allows you to achieve even bigger things. And

1074
00:54:48,160 --> 00:54:50,160
Speaker 1: so in the same way with Scott with his credit cards,

1075
00:54:50,520 --> 00:54:52,439
Speaker 1: he's willing to pay, as you know, a small fee,

1076
00:54:52,440 --> 00:54:56,040
Speaker 1: whether it's ninety five dollars or six He's willing to

1077
00:54:56,080 --> 00:54:58,719
Speaker 1: pay that annual fee on that card because he is

1078
00:54:59,160 --> 00:55:01,759
Speaker 1: I know, he is taking full advantage of all of

1079
00:55:01,800 --> 00:55:04,200
Speaker 1: the benefits of each one of those money's worth and

1080
00:55:04,239 --> 00:55:07,960
Speaker 1: that baseball cards collecting binding. I want to send us

1081
00:55:07,960 --> 00:55:10,760
Speaker 1: a picture, please go. I can only imagine how awesome

1082
00:55:10,800 --> 00:55:12,400
Speaker 1: that thing. That thing looks, But I just wanted to

1083
00:55:12,400 --> 00:55:14,880
Speaker 1: mention that it's sort of like a general meta takeaway

1084
00:55:14,880 --> 00:55:16,200
Speaker 1: because there are things that we can do and it

1085
00:55:16,200 --> 00:55:19,160
Speaker 1: depends on your specific situation, but it is important to

1086
00:55:19,200 --> 00:55:21,479
Speaker 1: keep the big picture in mind. Let's go ahead. Shift

1087
00:55:21,520 --> 00:55:23,919
Speaker 1: Gears introduced the beer that you and I enjoyed during

1088
00:55:23,920 --> 00:55:27,520
Speaker 1: this episode. This was evolutions of Boris the Crusher. This

1089
00:55:27,680 --> 00:55:29,960
Speaker 1: is hop and Frog beer. What was your What was

1090
00:55:29,960 --> 00:55:31,680
Speaker 1: your take on this one? Yeah, so this one was

1091
00:55:31,920 --> 00:55:36,160
Speaker 1: a caramel machiatto stout. So it was interesting. It's it

1092
00:55:36,280 --> 00:55:39,160
Speaker 1: was definitely sweet, had like dessert like vibes, and it

1093
00:55:39,239 --> 00:55:42,479
Speaker 1: definitely had those like that makiato thing going on, which

1094
00:55:42,560 --> 00:55:46,040
Speaker 1: is not totally my jam necessarily, right, It's it's definitely

1095
00:55:46,120 --> 00:55:49,640
Speaker 1: leans in the sweeter direction. I prefer more dark chocolate

1096
00:55:49,680 --> 00:55:52,920
Speaker 1: vibes than like milk chocolate sweet. But I still appreciated

1097
00:55:52,920 --> 00:55:56,040
Speaker 1: this beer because it really did reflect exactly what it

1098
00:55:56,040 --> 00:55:58,080
Speaker 1: said it was gonna taste like. And even though that's

1099
00:55:58,120 --> 00:56:00,320
Speaker 1: not the thing I typically go for on the beer shelf,

1100
00:56:00,520 --> 00:56:03,680
Speaker 1: this one did a really good job of pulling it off. Yeah.

1101
00:56:03,680 --> 00:56:06,360
Speaker 1: And by the way, the boris stands for bodacious oatmeal

1102
00:56:06,440 --> 00:56:09,800
Speaker 1: Russian Imperial stout, so it's an entire line that Hopping

1103
00:56:09,840 --> 00:56:11,839
Speaker 1: Frog has. But I'm kind of with you, man, uh,

1104
00:56:11,840 --> 00:56:13,759
Speaker 1: And so I guess they call it the macchiata because

1105
00:56:13,760 --> 00:56:16,600
Speaker 1: it tastes a little burnt. So even though you said sweet,

1106
00:56:16,640 --> 00:56:20,160
Speaker 1: there is definitely this bitterness going on and the caramel flavors.

1107
00:56:20,200 --> 00:56:22,239
Speaker 1: It reminds me of going to a coffee shop and

1108
00:56:22,239 --> 00:56:24,520
Speaker 1: they've got those bottles of the different syrups, the drizzle,

1109
00:56:24,760 --> 00:56:26,799
Speaker 1: Uh no, not the drizzle, but it's like it's the

1110
00:56:26,840 --> 00:56:31,160
Speaker 1: clear syrups, you know, the bottles, and the glass is clear,

1111
00:56:31,440 --> 00:56:33,080
Speaker 1: and they kind of do like a little you know,

1112
00:56:33,120 --> 00:56:34,880
Speaker 1: they do a SHOT's worth of of whatever that is.

1113
00:56:35,239 --> 00:56:37,480
Speaker 1: I've never been a fan of that because it tastes

1114
00:56:37,680 --> 00:56:40,560
Speaker 1: like kind of artificial in my mind, as opposed to,

1115
00:56:41,120 --> 00:56:43,400
Speaker 1: you know, if there's an actual drizzle of real caramel

1116
00:56:43,440 --> 00:56:45,640
Speaker 1: on top. I like that. I don't like the caramel

1117
00:56:46,040 --> 00:56:49,000
Speaker 1: flavoring or you know, like the caramel sugar syrup as much.

1118
00:56:49,000 --> 00:56:50,800
Speaker 1: And I feel like this this one kind of reminds

1119
00:56:50,800 --> 00:56:52,959
Speaker 1: me of that. It was still a very enjoyable beer,

1120
00:56:53,200 --> 00:56:55,840
Speaker 1: but that being said, it just wasn't my my absolute favorite.

1121
00:56:55,880 --> 00:56:57,200
Speaker 1: But I'm still glad that you and I got to

1122
00:56:57,320 --> 00:56:59,799
Speaker 1: enjoy this one today. But that's gonna be it. Will

1123
00:56:59,840 --> 00:57:02,000
Speaker 1: make sure to link to where you can sign up

1124
00:57:02,040 --> 00:57:04,000
Speaker 1: for Scott's emails. We'll have that up in our show

1125
00:57:04,000 --> 00:57:06,319
Speaker 1: notes at how to money dot com. We'll also linked

1126
00:57:06,320 --> 00:57:09,279
Speaker 1: to Scott's book, Take More Vacations, which is definitely worth

1127
00:57:09,320 --> 00:57:11,399
Speaker 1: reading and it's a great book. Don't forget to sign

1128
00:57:11,440 --> 00:57:14,439
Speaker 1: up for our new email newsletter, and that's really easy

1129
00:57:14,480 --> 00:57:16,440
Speaker 1: to do on our website at how to money dot

1130
00:57:16,520 --> 00:57:19,320
Speaker 1: com slash newsletter. Thanks in advance. All right, that's gonna

1131
00:57:19,360 --> 00:57:22,400
Speaker 1: do it. Matt for this episode until next time. Best

1132
00:57:22,400 --> 00:57:24,120
Speaker 1: Friends Out, best Friends Out,