1 00:00:00,120 --> 00:00:02,520 Speaker 1: Welcome to How the Money. I'm Joel and I and 2 00:00:02,680 --> 00:00:25,599 Speaker 1: Matt and today we're discussing putting money in its proper places, 3 00:00:27,280 --> 00:00:31,320 Speaker 1: in its right place. Do you like that song? It's 4 00:00:32,479 --> 00:00:34,559 Speaker 1: everything in its right place. It's like I think it's 5 00:00:34,560 --> 00:00:37,560 Speaker 1: a radio Head song from Amnesiac, maybe one of my 6 00:00:37,600 --> 00:00:40,360 Speaker 1: favorite albums. By the way, Okay, I haven't really gotten 7 00:00:40,360 --> 00:00:42,800 Speaker 1: into radio Head very much. Radiohead is one of those 8 00:00:42,840 --> 00:00:45,680 Speaker 1: bands I used to listen to a ton but a 9 00:00:45,840 --> 00:00:47,240 Speaker 1: day of the week. By the way, I was just 10 00:00:47,280 --> 00:00:51,120 Speaker 1: trying to stop my falsetto, my Tom York falsetto. But no, 11 00:00:51,320 --> 00:00:55,000 Speaker 1: we are talking about money. Everything does have a correct place, 12 00:00:55,040 --> 00:00:57,280 Speaker 1: and money in particular, we're gonna we're gonna put money 13 00:00:57,280 --> 00:00:59,600 Speaker 1: in its proper place during this episode because it's one 14 00:00:59,600 --> 00:01:01,760 Speaker 1: of those things ings. It's like one of these monsters 15 00:01:01,840 --> 00:01:04,039 Speaker 1: that when you give it a little bit of free rein, 16 00:01:04,319 --> 00:01:07,039 Speaker 1: once it starts roaming around unchecked, it can start to 17 00:01:07,040 --> 00:01:08,640 Speaker 1: take over your entire life. And you might think the 18 00:01:08,640 --> 00:01:11,120 Speaker 1: guys that hosts the show How the Money think money 19 00:01:11,160 --> 00:01:13,880 Speaker 1: takes the top spot. But no, indeed we do not. 20 00:01:14,080 --> 00:01:16,240 Speaker 1: That's right, man. But before we get to our topic today, 21 00:01:16,400 --> 00:01:18,560 Speaker 1: we need to share the winners of our one thou 22 00:01:18,800 --> 00:01:22,399 Speaker 1: dollar giveaway. We announced this on the last Friday's episode 23 00:01:22,400 --> 00:01:24,880 Speaker 1: that we wanted to give away a hundred dollars to 24 00:01:25,000 --> 00:01:28,520 Speaker 1: ten different people to do some good within your communities. 25 00:01:28,560 --> 00:01:31,720 Speaker 1: And so that entry period is over, comments are closed, 26 00:01:31,760 --> 00:01:35,040 Speaker 1: and here are the ten winners for that cash money giveaway. 27 00:01:35,120 --> 00:01:37,560 Speaker 1: All right, Matt, I'll kick it off. Lindsay B. Goodwin, 28 00:01:38,080 --> 00:01:41,399 Speaker 1: t c D Underscore, Techno, Kitten, It's probably my favorite 29 00:01:41,400 --> 00:01:46,200 Speaker 1: of the name, row Neck Underscore, Savola, the Daisy Dot Life, 30 00:01:46,560 --> 00:01:49,360 Speaker 1: and Empty Real Underscore, Fate. That's right, that's the first five. 31 00:01:49,440 --> 00:01:53,280 Speaker 1: I got five more. We've got h a h Rubish 32 00:01:53,600 --> 00:01:57,000 Speaker 1: Mary Ate, the Little Lamb that's actually my favorite, the 33 00:01:57,200 --> 00:02:01,600 Speaker 1: Unsetting Son Architect four four six for and Smoothie. So 34 00:02:01,720 --> 00:02:04,520 Speaker 1: we will be reaching out to y'all via Instagram, but 35 00:02:04,560 --> 00:02:06,800 Speaker 1: we wanted to announce the winners here on the show. 36 00:02:07,160 --> 00:02:09,560 Speaker 1: Thank you all for participating, and thank you to everybody 37 00:02:09,600 --> 00:02:12,840 Speaker 1: for participating, and generally speaking, I think this is shed 38 00:02:12,880 --> 00:02:15,960 Speaker 1: a lot of lights on the different organizations UH in 39 00:02:16,040 --> 00:02:18,000 Speaker 1: need who we can contribute to. Yeah, man, I think 40 00:02:18,040 --> 00:02:20,639 Speaker 1: this is just so cool. I'm so excited that speaking 41 00:02:20,639 --> 00:02:22,640 Speaker 1: of putting money in its proper place. You and I 42 00:02:22,680 --> 00:02:24,800 Speaker 1: get to put our money where our mouth is. We 43 00:02:24,800 --> 00:02:27,200 Speaker 1: get to give away some of our own money. And 44 00:02:27,240 --> 00:02:29,200 Speaker 1: you know, we've talked about the importance of giving in 45 00:02:29,240 --> 00:02:32,440 Speaker 1: the past many times. That's a crucial aspect of making 46 00:02:32,480 --> 00:02:34,639 Speaker 1: money and putting in its proper places giving it away. 47 00:02:34,840 --> 00:02:37,639 Speaker 1: And I'm just I'm just super excited to see what 48 00:02:37,840 --> 00:02:40,440 Speaker 1: these ten people do in their community with this money. 49 00:02:40,720 --> 00:02:42,920 Speaker 1: And yeah, we'll report back because it's gonna be a 50 00:02:42,960 --> 00:02:45,519 Speaker 1: lot of fun to see how much good that money does. 51 00:02:45,800 --> 00:02:47,600 Speaker 1: That's right, man, Let's go ahead and introduce the beer 52 00:02:47,639 --> 00:02:50,600 Speaker 1: that we're gonna enjoy during this episode. Uh. This is 53 00:02:50,800 --> 00:02:54,640 Speaker 1: a beer called Hazy uh like like jay Z, which 54 00:02:54,680 --> 00:02:58,320 Speaker 1: you pointed out before we started recording. Uh, and this 55 00:02:58,400 --> 00:03:00,800 Speaker 1: is by Tim blow Or Brewing Company. Thinks to Ryan 56 00:03:00,840 --> 00:03:02,880 Speaker 1: and our friends there at the brewery for donating this 57 00:03:02,919 --> 00:03:04,760 Speaker 1: one to the show, no doubt. All right, Matt. So 58 00:03:05,120 --> 00:03:06,760 Speaker 1: now you just mentioned the beer that we're having and 59 00:03:07,000 --> 00:03:09,040 Speaker 1: the episode we're talking about today is putting money in 60 00:03:09,040 --> 00:03:10,760 Speaker 1: its proper place. And you know what this made me 61 00:03:10,760 --> 00:03:14,040 Speaker 1: think of just both those things combined. Uh. You've heard 62 00:03:14,080 --> 00:03:15,600 Speaker 1: like the phrase that an apple a day keeps a 63 00:03:15,639 --> 00:03:18,160 Speaker 1: doctor away, right. Well, for you know, the adult version 64 00:03:18,160 --> 00:03:21,360 Speaker 1: of that, some people have said is a glass of wine. Okay, 65 00:03:21,960 --> 00:03:24,280 Speaker 1: I thought I'm gonna say a craft beer a day. 66 00:03:24,400 --> 00:03:26,040 Speaker 1: I wish. I don't think it's quite as healthy as 67 00:03:26,080 --> 00:03:28,240 Speaker 1: a glass of wine. But a lot of studies have 68 00:03:28,280 --> 00:03:31,239 Speaker 1: been done, and you know, we don't actually have conclusive 69 00:03:31,280 --> 00:03:34,760 Speaker 1: evidence about the long term effects of moderate drinking, but 70 00:03:34,800 --> 00:03:37,120 Speaker 1: I would say it seems safe to say that a 71 00:03:37,160 --> 00:03:40,880 Speaker 1: single glass of wine with dinner doesn't have negative long 72 00:03:41,000 --> 00:03:45,160 Speaker 1: term effects, and it could be beneficial in providing antioccidents 73 00:03:45,400 --> 00:03:48,800 Speaker 1: as well as protecting against art disease. And the studies 74 00:03:48,840 --> 00:03:50,360 Speaker 1: that I like to read the ones let's say just 75 00:03:50,400 --> 00:03:52,120 Speaker 1: a little bit of this, it's it's actually good for you, 76 00:03:52,200 --> 00:03:54,200 Speaker 1: basically a little bit of that confirmation bias, you know, 77 00:03:54,480 --> 00:03:56,839 Speaker 1: in finding the studies to degree with the way I think. 78 00:03:57,600 --> 00:04:00,320 Speaker 1: But of course, if that habit turns in to a 79 00:04:00,360 --> 00:04:03,320 Speaker 1: bottle of wine a day, we're talking about potentially severe 80 00:04:03,360 --> 00:04:05,960 Speaker 1: consequences for someone, right, So if a glass turns into 81 00:04:06,000 --> 00:04:08,440 Speaker 1: a bottle, it all of a sudden becomes a really 82 00:04:08,440 --> 00:04:11,680 Speaker 1: big deal. And yeah, what what's good in moderation can 83 00:04:11,720 --> 00:04:14,880 Speaker 1: become absolutely wretched if it gets overdone and the same 84 00:04:15,000 --> 00:04:17,320 Speaker 1: we would say is true with money. Right, It's it's 85 00:04:17,400 --> 00:04:20,200 Speaker 1: less about how much money you actually have, but it's 86 00:04:20,279 --> 00:04:23,080 Speaker 1: more about how the role that money plays in your life. 87 00:04:23,080 --> 00:04:25,280 Speaker 1: And that's what we want to talk about today. Yeah, 88 00:04:25,279 --> 00:04:27,560 Speaker 1: this might be weird, but you know, we're actually attempting 89 00:04:27,600 --> 00:04:31,040 Speaker 1: to de emphasize something that we talk talk about three 90 00:04:31,120 --> 00:04:33,560 Speaker 1: days a week, every single week, because you know, like 91 00:04:33,640 --> 00:04:36,520 Speaker 1: we believe that money is a helpful tool. This makes 92 00:04:36,560 --> 00:04:39,360 Speaker 1: me think of my father in law because he recently 93 00:04:39,400 --> 00:04:42,160 Speaker 1: had a trip to the emergency room, had a little 94 00:04:42,200 --> 00:04:44,520 Speaker 1: run in with a table saw. And that's not to 95 00:04:44,600 --> 00:04:46,919 Speaker 1: say that now all table saws are bad, but the 96 00:04:46,960 --> 00:04:51,320 Speaker 1: way he was using this all led to him having 97 00:04:51,360 --> 00:04:53,479 Speaker 1: to go to the hospital. Uh. It comes down to 98 00:04:53,720 --> 00:04:56,039 Speaker 1: using the right tool for the right job. Obviously making 99 00:04:56,040 --> 00:04:58,320 Speaker 1: sure that we're careful with those tools. But we feel 100 00:04:58,360 --> 00:05:01,000 Speaker 1: that money is a helpful tool, uh, and it's also 101 00:05:01,000 --> 00:05:03,839 Speaker 1: an essential one. But we also believe that beyond a 102 00:05:03,880 --> 00:05:06,400 Speaker 1: certain point, more money isn't going to solve all of 103 00:05:06,440 --> 00:05:09,080 Speaker 1: our problems, even though we might be tempted to think so. Really, 104 00:05:09,080 --> 00:05:12,240 Speaker 1: money is only one component of our overall health and 105 00:05:12,279 --> 00:05:15,120 Speaker 1: happiness levels. So for instance, Joel, you know you mentioned 106 00:05:15,120 --> 00:05:17,159 Speaker 1: that glass of wine. That might provide a small boost 107 00:05:17,200 --> 00:05:19,720 Speaker 1: to your overall levels of health, But that doesn't mean 108 00:05:19,760 --> 00:05:22,440 Speaker 1: that you shouldn't ride your bike more, or that maybe 109 00:05:22,640 --> 00:05:25,960 Speaker 1: you should stop doing your push ups, uh, whatever you're 110 00:05:26,000 --> 00:05:27,960 Speaker 1: doing to to try to stay healthy. Yeah, even if 111 00:05:28,000 --> 00:05:30,280 Speaker 1: eating that apple or drinking that glass of wine is 112 00:05:30,480 --> 00:05:33,360 Speaker 1: somewhat moderately helpful to your you know, to boosting your 113 00:05:33,400 --> 00:05:35,320 Speaker 1: overall levels of health, you still got to do those 114 00:05:35,320 --> 00:05:37,640 Speaker 1: other things. Those are those are more important. Exactly getting 115 00:05:37,640 --> 00:05:40,400 Speaker 1: your finances in order overall, that's an important part of 116 00:05:40,440 --> 00:05:42,400 Speaker 1: a healthy life. We want to be a part of 117 00:05:42,400 --> 00:05:44,760 Speaker 1: helping you make progress in that direction. That is our 118 00:05:44,760 --> 00:05:47,000 Speaker 1: main focus. But we also want to talk about the 119 00:05:47,040 --> 00:05:50,400 Speaker 1: limitations of money when it comes to your happiness. And 120 00:05:50,480 --> 00:05:52,960 Speaker 1: with this episode coming out towards the end of the year, 121 00:05:53,320 --> 00:05:55,680 Speaker 1: I don't know, it's kind of fun to swing the 122 00:05:55,760 --> 00:05:57,880 Speaker 1: other direction. When every single week we're talking about the 123 00:05:57,880 --> 00:06:01,000 Speaker 1: importance of money, the importance of making wise financial decisions, 124 00:06:01,279 --> 00:06:03,280 Speaker 1: there are also some of these other things that you 125 00:06:03,320 --> 00:06:05,040 Speaker 1: need to keep in mind as well. Yeah, we want 126 00:06:05,120 --> 00:06:07,320 Speaker 1: people to learn about the benefits of house hacking. We 127 00:06:07,360 --> 00:06:10,279 Speaker 1: want to help people figure out how to invest you know, 128 00:06:10,279 --> 00:06:12,840 Speaker 1: which accounts they should be investing in to get the 129 00:06:13,120 --> 00:06:17,560 Speaker 1: maximum reward, to lower their taxes, and to build up 130 00:06:17,640 --> 00:06:20,080 Speaker 1: a strong net worth for their future. But at the 131 00:06:20,120 --> 00:06:22,680 Speaker 1: same time, like, if that's all you're focused on, you're 132 00:06:22,680 --> 00:06:24,800 Speaker 1: missing out. And especially this time a year, we're we're 133 00:06:24,839 --> 00:06:28,120 Speaker 1: all of us, we're focusing on really important things like 134 00:06:28,279 --> 00:06:30,760 Speaker 1: time together with the family, like time away from work. 135 00:06:30,800 --> 00:06:33,960 Speaker 1: We're prioritizing different things, and so yeah, that's why we 136 00:06:33,960 --> 00:06:36,599 Speaker 1: were like, we have to talk about all these other things. 137 00:06:36,680 --> 00:06:39,920 Speaker 1: And how you know, if we actually overpursue money, if 138 00:06:39,920 --> 00:06:42,120 Speaker 1: we're overthinking it, then we're going to miss out on 139 00:06:42,160 --> 00:06:43,719 Speaker 1: things that really matter. It's right, And it makes me 140 00:06:43,760 --> 00:06:46,880 Speaker 1: think Matt of like athletes switching teams for a few 141 00:06:46,880 --> 00:06:50,280 Speaker 1: million dollars more like, uh, someone who signs a two 142 00:06:50,360 --> 00:06:53,160 Speaker 1: hundred and seventy million dollar contracts as opposed to take 143 00:06:53,240 --> 00:06:56,119 Speaker 1: that hometown discount and playing ten years for two hundred 144 00:06:56,160 --> 00:06:58,919 Speaker 1: and fifty five million dollars instead. And I'm like, you know, 145 00:06:59,160 --> 00:07:01,840 Speaker 1: both of those ums are mind boggling, and I can't 146 00:07:01,839 --> 00:07:04,840 Speaker 1: really imagine making that much money for playing the game. 147 00:07:05,440 --> 00:07:07,640 Speaker 1: But yeah, why why would you move? It makes me 148 00:07:07,839 --> 00:07:09,440 Speaker 1: when I see that happen, I'm always like, why would 149 00:07:09,440 --> 00:07:12,600 Speaker 1: that person move for a five percent pay bump when 150 00:07:12,640 --> 00:07:15,680 Speaker 1: they're already making more money than they'll ever need than 151 00:07:15,720 --> 00:07:17,640 Speaker 1: they'll ever be able to spend. And when I think 152 00:07:17,640 --> 00:07:19,120 Speaker 1: about it, I think it all comes down to what 153 00:07:19,400 --> 00:07:22,760 Speaker 1: you're optimizing for. In this case, that person is optimizing 154 00:07:23,120 --> 00:07:26,360 Speaker 1: for money. But maybe they haven't thought there long enough, 155 00:07:26,480 --> 00:07:28,160 Speaker 1: or maybe they have. Maybe that's actually where they want 156 00:07:28,160 --> 00:07:29,880 Speaker 1: to go play, they prefer to be in that state 157 00:07:29,960 --> 00:07:32,560 Speaker 1: or whatever. But so many athletes you see make this 158 00:07:32,600 --> 00:07:35,560 Speaker 1: move for money. They go to a losing team, or 159 00:07:35,760 --> 00:07:38,680 Speaker 1: they opt out of a community where they were invested, 160 00:07:39,040 --> 00:07:43,480 Speaker 1: and it leads to lower life satisfaction overall, right, other 161 00:07:43,520 --> 00:07:46,680 Speaker 1: negative consequences. And and really this doesn't just apply to 162 00:07:47,080 --> 00:07:49,160 Speaker 1: you know, high dollar athletes. This can apply to anyone 163 00:07:49,200 --> 00:07:51,360 Speaker 1: who's moving to a new state. Let's say their sole 164 00:07:51,440 --> 00:07:53,480 Speaker 1: desire is to lower the amount they pay in taxes, 165 00:07:53,680 --> 00:07:55,600 Speaker 1: and they say, I'm moving to Florida or I'm moving 166 00:07:55,640 --> 00:07:58,160 Speaker 1: to Tennessee because they don't have a state income tax 167 00:07:58,280 --> 00:08:01,360 Speaker 1: and you leave, right it is, I get it, But 168 00:08:01,400 --> 00:08:03,960 Speaker 1: you leave all your friends and family behind, Uh, for 169 00:08:04,000 --> 00:08:07,240 Speaker 1: that one decision to optimize money, it's probably going to 170 00:08:07,360 --> 00:08:09,440 Speaker 1: lead to less happiness in the long run. And so 171 00:08:09,480 --> 00:08:11,880 Speaker 1: it's not that money should not be a factor in 172 00:08:12,160 --> 00:08:14,320 Speaker 1: how you make decisions, but it also shouldn't be the 173 00:08:14,320 --> 00:08:17,360 Speaker 1: sole deciding factor either, because there's a whole lot more 174 00:08:17,400 --> 00:08:19,800 Speaker 1: to life and just money. Yeah, there's only so much 175 00:08:19,840 --> 00:08:21,560 Speaker 1: that money can do for you. There are a lot 176 00:08:21,600 --> 00:08:23,400 Speaker 1: of other things you need to take into account. And 177 00:08:23,520 --> 00:08:25,880 Speaker 1: you know, let's let's talk about COVID. Let's bring the 178 00:08:25,880 --> 00:08:30,000 Speaker 1: pandemic into this for a second, because seventy of Americans 179 00:08:30,160 --> 00:08:32,679 Speaker 1: say that the pandemic has affected their life in a 180 00:08:32,679 --> 00:08:35,400 Speaker 1: meaningful way. Many folks lost a loved one, and that's 181 00:08:35,520 --> 00:08:39,160 Speaker 1: obviously a stunning impact. But even those of us who 182 00:08:39,280 --> 00:08:41,880 Speaker 1: were fortunate enough to to not lose someone close to us, 183 00:08:42,040 --> 00:08:45,319 Speaker 1: the pandemic acted in many ways as a force for change, 184 00:08:45,679 --> 00:08:48,320 Speaker 1: um and much of that change has actually been good, 185 00:08:48,559 --> 00:08:51,000 Speaker 1: you know, from from quitting a job that you that 186 00:08:51,080 --> 00:08:53,199 Speaker 1: you don't like, maybe that you hate, to spending more 187 00:08:53,200 --> 00:08:56,679 Speaker 1: time with your family. The changes that COVID brought abouts 188 00:08:56,800 --> 00:08:59,200 Speaker 1: are many and uh and for a lot of us 189 00:08:59,240 --> 00:09:02,360 Speaker 1: it has provided additional happiness by just cutting out a 190 00:09:02,360 --> 00:09:03,960 Speaker 1: lot of the fluff in our lives that we no 191 00:09:04,040 --> 00:09:08,000 Speaker 1: longer need. COVID was pretty devastating to our lives, into 192 00:09:08,000 --> 00:09:10,600 Speaker 1: our economy, but I feel like this is one really 193 00:09:10,679 --> 00:09:13,840 Speaker 1: small silver lining is the fact that it already caused 194 00:09:13,880 --> 00:09:16,480 Speaker 1: us to kind of re evaluate and to put certain 195 00:09:16,480 --> 00:09:19,200 Speaker 1: things like money, uh in its proper place. Yeah, we 196 00:09:19,240 --> 00:09:21,320 Speaker 1: said this, maybe it was even a year ago, Matt, 197 00:09:21,400 --> 00:09:23,640 Speaker 1: But like, if you haven't been able to find a 198 00:09:23,640 --> 00:09:26,080 Speaker 1: silver lining from COVID, then maybe you haven't been looking 199 00:09:26,080 --> 00:09:28,840 Speaker 1: hard enough. Because most of us, like my calendar got 200 00:09:28,880 --> 00:09:31,160 Speaker 1: cleared in a big way. And you know, we've gone 201 00:09:31,160 --> 00:09:33,480 Speaker 1: on more family hikes in the past eighteen months than 202 00:09:33,600 --> 00:09:37,120 Speaker 1: we've ever taken before and done more. I guess I'm 203 00:09:37,160 --> 00:09:39,640 Speaker 1: a hiker now because this is something we're doing. Yeah, 204 00:09:39,640 --> 00:09:41,719 Speaker 1: we've done more family picnics. Like, there have been all 205 00:09:41,760 --> 00:09:43,920 Speaker 1: these things, these ways that we've adjusted our lives. And 206 00:09:43,920 --> 00:09:46,600 Speaker 1: it's not that it hasn't been really hard in so 207 00:09:46,679 --> 00:09:48,800 Speaker 1: many different ways. And I know that that each of 208 00:09:48,880 --> 00:09:51,720 Speaker 1: us have had our own burdens during during COVID times, 209 00:09:52,240 --> 00:09:55,560 Speaker 1: but yeah, there have been many silver linings at the 210 00:09:55,600 --> 00:09:58,600 Speaker 1: same time. And yeah, well we're talking about putting money 211 00:09:58,640 --> 00:10:01,040 Speaker 1: in its proper place and so much this comes down 212 00:10:01,040 --> 00:10:03,480 Speaker 1: to like meaning and what provides us meaning. And there 213 00:10:03,520 --> 00:10:06,880 Speaker 1: was a Pew research study done just came out literally 214 00:10:06,880 --> 00:10:09,200 Speaker 1: at the end of last month, and I thought some 215 00:10:09,280 --> 00:10:11,080 Speaker 1: of like what that had to say was really helpful 216 00:10:11,120 --> 00:10:14,040 Speaker 1: and informative for this episode. And it turns out family, friends, 217 00:10:14,040 --> 00:10:17,240 Speaker 1: and occupation took the top three spots for providing meaning 218 00:10:17,640 --> 00:10:20,880 Speaker 1: in most countries around the world when people were studied, 219 00:10:20,960 --> 00:10:23,760 Speaker 1: when people were asked that question, material well being was 220 00:10:23,800 --> 00:10:26,160 Speaker 1: a close fourth. And so, of course, again it's not 221 00:10:26,200 --> 00:10:28,520 Speaker 1: that money is not important. You read that and you're like, yeah, 222 00:10:28,559 --> 00:10:31,040 Speaker 1: of course, like people, people want to be in a 223 00:10:31,080 --> 00:10:32,760 Speaker 1: warm home, they want to be well fed, they want 224 00:10:32,760 --> 00:10:35,000 Speaker 1: to have clothes on their back, and so it's not 225 00:10:35,040 --> 00:10:38,240 Speaker 1: that that is not important. Um, But when you look 226 00:10:38,280 --> 00:10:41,560 Speaker 1: at it in the context of the answers to these questions, 227 00:10:41,800 --> 00:10:43,520 Speaker 1: it still comes in fourth place. And I thought that 228 00:10:43,880 --> 00:10:46,319 Speaker 1: said a lot, because, yeah, a lack of money it 229 00:10:46,400 --> 00:10:49,000 Speaker 1: certainly creates quite a bit of difficulty for the person 230 00:10:49,040 --> 00:10:51,319 Speaker 1: who doesn't have enough, right It's it's hard to get 231 00:10:51,360 --> 00:10:53,280 Speaker 1: that meaningful time with your family if you're wondering where 232 00:10:53,280 --> 00:10:55,719 Speaker 1: your next meal is going to come from you or 233 00:10:55,760 --> 00:10:57,960 Speaker 1: if you're the person who's working sixty plus hours a 234 00:10:57,960 --> 00:11:00,839 Speaker 1: week in order to make ends meet. Same thing, right, 235 00:11:00,920 --> 00:11:03,280 Speaker 1: And and let's say you're the person living with boatloads 236 00:11:03,320 --> 00:11:06,120 Speaker 1: of debt or with very little or no financial margin. 237 00:11:06,360 --> 00:11:08,559 Speaker 1: You're kind of living on that financial precipice. You are 238 00:11:08,600 --> 00:11:10,960 Speaker 1: one of those people who, uh, you know the Federal 239 00:11:11,000 --> 00:11:14,480 Speaker 1: Reserve says doesn't have four to cover an emergency. Well, 240 00:11:14,480 --> 00:11:16,920 Speaker 1: it's gonna impact your mental health and potentially your physical 241 00:11:16,920 --> 00:11:20,920 Speaker 1: health to all leading to lower levels of happiness and meaning. So, yeah, 242 00:11:20,960 --> 00:11:23,360 Speaker 1: money is not unimportant, but yeah, it's it's interesting to 243 00:11:23,360 --> 00:11:26,000 Speaker 1: see when you look at the stats about what things 244 00:11:26,080 --> 00:11:29,400 Speaker 1: provide the most meaning, money is fourth on the list 245 00:11:29,400 --> 00:11:31,480 Speaker 1: really when it comes down to it, right, Yeah, So 246 00:11:31,480 --> 00:11:34,240 Speaker 1: while money has an important role to play, it isn't everything. 247 00:11:34,760 --> 00:11:36,880 Speaker 1: And so we're actually going to delve into some of 248 00:11:36,880 --> 00:11:39,600 Speaker 1: the other facets of life that need to be considered. 249 00:11:39,640 --> 00:11:41,959 Speaker 1: And you know how an over emphasis on money can 250 00:11:42,000 --> 00:11:45,040 Speaker 1: impact our overall levels of happiness and well will actually 251 00:11:45,080 --> 00:11:47,560 Speaker 1: offer a litmus test later on in the episode as 252 00:11:47,600 --> 00:11:50,360 Speaker 1: well for ensuring that money is playing a proper role 253 00:11:50,640 --> 00:11:52,320 Speaker 1: in your life. We'll get to all of that right 254 00:11:52,360 --> 00:12:03,559 Speaker 1: after this. All right, let's get back to it. Let's 255 00:12:03,600 --> 00:12:07,120 Speaker 1: talk about money, putting it in its proper place. And yeah, 256 00:12:07,120 --> 00:12:09,760 Speaker 1: if we elevate money above everything else, we're gonna be 257 00:12:10,280 --> 00:12:13,600 Speaker 1: pretty tyrannical, awful, hard people. I think right, I was 258 00:12:13,600 --> 00:12:16,360 Speaker 1: waiting for you to sing your song after I did mine. No, 259 00:12:16,400 --> 00:12:18,120 Speaker 1: I don't do that, my little number. I don't have 260 00:12:18,160 --> 00:12:20,680 Speaker 1: the vocal talents that you have, so I'll refrain. No 261 00:12:20,840 --> 00:12:24,400 Speaker 1: or do I everyone found out earlier. Well, yeah, let's 262 00:12:24,400 --> 00:12:26,840 Speaker 1: talk about some of the most important facets of life 263 00:12:27,000 --> 00:12:29,600 Speaker 1: where if we let money overtake these things in order 264 00:12:29,640 --> 00:12:32,120 Speaker 1: of importance, we're all bound to lose in the end. 265 00:12:32,559 --> 00:12:34,640 Speaker 1: And yeah, the first one that's worth talking about is 266 00:12:34,720 --> 00:12:38,840 Speaker 1: physical health, because focusing too much on money can cause 267 00:12:38,880 --> 00:12:42,000 Speaker 1: you to neglect your physical health. And yeah, since physical 268 00:12:42,000 --> 00:12:44,480 Speaker 1: health is in the top five in that Pew research 269 00:12:44,520 --> 00:12:46,520 Speaker 1: study that that we just mentioned before the break, you 270 00:12:46,520 --> 00:12:48,200 Speaker 1: want to make sure that you don't take that one 271 00:12:48,320 --> 00:12:51,839 Speaker 1: for granted. Matt, I just recently read Ross douth It's 272 00:12:51,840 --> 00:12:54,040 Speaker 1: new book about the years of hardship that he endured 273 00:12:54,080 --> 00:12:57,000 Speaker 1: after contracting lime disease. He's a New York Times writer, 274 00:12:57,120 --> 00:12:58,880 Speaker 1: and it was just like one. He's a good writer, 275 00:12:58,960 --> 00:13:01,079 Speaker 1: and to just kind of like a fascinating to get 276 00:13:01,080 --> 00:13:03,920 Speaker 1: a peak under the hood of the trauma that he's 277 00:13:03,960 --> 00:13:06,840 Speaker 1: dealt with essentially in the last five years. Basically, he 278 00:13:06,880 --> 00:13:09,320 Speaker 1: was a d percent healthy one day and then intense 279 00:13:09,440 --> 00:13:11,400 Speaker 1: chronic pain came into his life and it didn't leave, 280 00:13:11,720 --> 00:13:15,080 Speaker 1: and there was like no day that he wasn't ravaged 281 00:13:15,160 --> 00:13:18,800 Speaker 1: by just feeling terrible and justin why disease seems like 282 00:13:18,840 --> 00:13:21,080 Speaker 1: one of those things that's just terrible, Like, I hear 283 00:13:21,120 --> 00:13:23,080 Speaker 1: more accounts of people who deal with that, and it's 284 00:13:23,080 --> 00:13:25,240 Speaker 1: something oftentimes that they are dealing with for years. Yeah, 285 00:13:25,240 --> 00:13:27,640 Speaker 1: and we know so little about it. And that's one 286 00:13:27,640 --> 00:13:29,000 Speaker 1: of the things he goes into in the book, how 287 00:13:29,000 --> 00:13:31,760 Speaker 1: it's a mystery. Yeah, And there's all these kind of 288 00:13:31,760 --> 00:13:34,360 Speaker 1: off the beaten path ways that people who have lime 289 00:13:34,440 --> 00:13:37,720 Speaker 1: disease try to deal with it, and many of which 290 00:13:37,760 --> 00:13:40,719 Speaker 1: the medical establishment says frowned upon. There They're like, now, 291 00:13:40,760 --> 00:13:42,920 Speaker 1: you shouldn't do that, and and they're kind of some 292 00:13:42,960 --> 00:13:45,520 Speaker 1: oddball tactics that he ends up using in the book 293 00:13:45,880 --> 00:13:48,560 Speaker 1: and really trying to come with his own cocktail to 294 00:13:48,600 --> 00:13:50,920 Speaker 1: diagnose himself or to serve himself in order to hopefully 295 00:13:50,920 --> 00:13:52,959 Speaker 1: feel a little bit better. Is this a book recommendation? 296 00:13:53,000 --> 00:13:55,200 Speaker 1: It is? Yes, I would say, definitely read this book 297 00:13:55,280 --> 00:13:58,240 Speaker 1: if if you get a minute, because it's great. But 298 00:13:59,120 --> 00:14:01,400 Speaker 1: what really I get from reading books like this, Stories 299 00:14:01,440 --> 00:14:04,560 Speaker 1: like this provide me a new kind of thankfulness for 300 00:14:04,640 --> 00:14:08,240 Speaker 1: my healthy body, right knowing that it's it's not something 301 00:14:08,280 --> 00:14:11,360 Speaker 1: I'm going to have tomorrow. I'm not promised that tomorrow. 302 00:14:11,440 --> 00:14:13,600 Speaker 1: Wake up and I feel great, Um, wake up tomorrow 303 00:14:13,600 --> 00:14:16,679 Speaker 1: with a tick on your chest or potentially wherever they buy. 304 00:14:16,920 --> 00:14:19,320 Speaker 1: Actually they like to They like like to go to 305 00:14:19,360 --> 00:14:22,480 Speaker 1: the dark, warm areas like your armpit or your crotch, 306 00:14:22,560 --> 00:14:24,960 Speaker 1: back of your neck, I think to okay, yeah, behind 307 00:14:24,960 --> 00:14:27,760 Speaker 1: the ear. Yeah, so yeah, I would say I would 308 00:14:27,800 --> 00:14:31,040 Speaker 1: say this like one, know that you're not promised health 309 00:14:31,400 --> 00:14:33,160 Speaker 1: and so be thankful for it and too. If you 310 00:14:33,160 --> 00:14:35,720 Speaker 1: find yourself working too much, not taking care of your 311 00:14:35,720 --> 00:14:38,680 Speaker 1: body the way you should, it's time to reconsider how 312 00:14:38,720 --> 00:14:42,480 Speaker 1: much effort you're pouring into money making, because if you're 313 00:14:42,520 --> 00:14:45,000 Speaker 1: optimizing for money again, kind of like that professional athlete, 314 00:14:45,360 --> 00:14:48,040 Speaker 1: maybe you're making the wrong ultimate decision and there are 315 00:14:48,040 --> 00:14:49,960 Speaker 1: other things that are worth optimizing for. Yeah. I think 316 00:14:49,960 --> 00:14:52,040 Speaker 1: a lot of times folks might think, oh well, if 317 00:14:52,040 --> 00:14:53,440 Speaker 1: I'm making a ton of money, well then I can 318 00:14:53,480 --> 00:14:56,080 Speaker 1: afford the best doctors, and I can afford the best medicines. 319 00:14:56,560 --> 00:14:59,840 Speaker 1: But doctors, they're not miracle workers. There are a lot 320 00:14:59,880 --> 00:15:02,560 Speaker 1: of amazing drugs out there, but that doesn't necessarily guarantee 321 00:15:02,640 --> 00:15:04,960 Speaker 1: that your health is going to be good, right just 322 00:15:04,960 --> 00:15:08,240 Speaker 1: by getting a treatment, Like, you can't buy good health. Uh. 323 00:15:08,280 --> 00:15:10,080 Speaker 1: And so that's one of the reasons that we're recommending 324 00:15:10,080 --> 00:15:12,080 Speaker 1: for you to pay attention to your physical health. Now, 325 00:15:12,480 --> 00:15:14,680 Speaker 1: another end of the spectrum you might find yourself on 326 00:15:14,840 --> 00:15:16,800 Speaker 1: is like, like you might be so cheap that you're 327 00:15:16,840 --> 00:15:19,080 Speaker 1: unwilling to say, pay for that y m c A 328 00:15:19,080 --> 00:15:22,120 Speaker 1: membership that would actually get you off the couch. They're 329 00:15:22,120 --> 00:15:24,920 Speaker 1: just these different ways where in an attempt to be 330 00:15:25,000 --> 00:15:27,600 Speaker 1: wise with our money, uh, as we're trying to be frugal, 331 00:15:27,800 --> 00:15:30,080 Speaker 1: we can find ourselves going down that cheap path. And 332 00:15:30,120 --> 00:15:31,320 Speaker 1: the other thing to you to mention it like you 333 00:15:31,320 --> 00:15:34,040 Speaker 1: don't actually need a gym membership in order to prioritize 334 00:15:34,040 --> 00:15:36,400 Speaker 1: you know, working out, Like just get a bike, or 335 00:15:36,480 --> 00:15:38,600 Speaker 1: you don't even need a bike because even that cost money. 336 00:15:38,760 --> 00:15:41,119 Speaker 1: Just go for a run, get outside, move your body. 337 00:15:41,160 --> 00:15:43,360 Speaker 1: But we do understand how you know, sometimes a little 338 00:15:43,400 --> 00:15:45,720 Speaker 1: bit of skin in the game or finding a workout 339 00:15:45,760 --> 00:15:47,760 Speaker 1: partner can make all the difference when it comes to 340 00:15:47,960 --> 00:15:50,160 Speaker 1: finding some motivation for you. But we still want to 341 00:15:50,200 --> 00:15:53,640 Speaker 1: point out overall that your physical health can be something 342 00:15:53,760 --> 00:15:57,160 Speaker 1: that you neglect in the pursuit of more money. Something Joel, 343 00:15:57,240 --> 00:15:59,520 Speaker 1: that I feel like we've learned from our friend Carl Jensen. 344 00:15:59,520 --> 00:16:01,720 Speaker 1: This is something he's written about on his blog fift 345 00:16:02,240 --> 00:16:05,320 Speaker 1: Days many times, which is that while he was grinding 346 00:16:05,320 --> 00:16:07,720 Speaker 1: it out during his nine to five as a software developer, 347 00:16:08,360 --> 00:16:10,240 Speaker 1: his physical health is something that he neglected, and he 348 00:16:10,320 --> 00:16:13,960 Speaker 1: realized after he had reached financial independence that man, this 349 00:16:14,040 --> 00:16:16,000 Speaker 1: is something I could have been doing all these things 350 00:16:16,040 --> 00:16:19,160 Speaker 1: while I was still working. It didn't take me becoming 351 00:16:19,200 --> 00:16:22,360 Speaker 1: financially independent in order to take care of myself. Yeah, 352 00:16:22,360 --> 00:16:24,760 Speaker 1: and like you said, it doesn't necessarily take money. But 353 00:16:24,840 --> 00:16:28,320 Speaker 1: sometimes the prioritization of money, or the prioritization of saving 354 00:16:28,320 --> 00:16:30,320 Speaker 1: more money prevents us from taking the action that we 355 00:16:30,360 --> 00:16:32,560 Speaker 1: need to do to get healthy. And and I think 356 00:16:32,560 --> 00:16:34,760 Speaker 1: when we take a step back, our physical health is 357 00:16:35,600 --> 00:16:38,240 Speaker 1: of primary importance in our lives. It should be, and 358 00:16:38,280 --> 00:16:40,120 Speaker 1: if we're not treating it like that, then it's it's 359 00:16:40,120 --> 00:16:42,720 Speaker 1: something that we need to rethink um and and just 360 00:16:42,920 --> 00:16:45,480 Speaker 1: hopefully this is a good reminder to say, all right, well, 361 00:16:45,520 --> 00:16:48,240 Speaker 1: how are you prioritizing that right now? And his money 362 00:16:48,520 --> 00:16:51,480 Speaker 1: or your over prioritization of money maybe holding you back 363 00:16:51,520 --> 00:16:54,560 Speaker 1: in the realm and in another place, Matt, another realm 364 00:16:54,640 --> 00:16:57,920 Speaker 1: of our lives that we sometimes let suffer because we're 365 00:16:57,920 --> 00:17:00,600 Speaker 1: thinking about money too much or we're over poritizing it 366 00:17:00,640 --> 00:17:03,160 Speaker 1: is our mental health. And this might be a good 367 00:17:03,240 --> 00:17:05,920 Speaker 1: chance to talk about hustle culture for a second. I'm 368 00:17:05,960 --> 00:17:07,919 Speaker 1: not sure. I don't think it's quite as prevalent as 369 00:17:07,920 --> 00:17:10,119 Speaker 1: it was a few years ago. I know Gary Baynerchuck 370 00:17:10,160 --> 00:17:12,040 Speaker 1: and some of his ILK com made it sound like 371 00:17:12,240 --> 00:17:13,879 Speaker 1: if you work eighty hours a week, man, all your 372 00:17:13,920 --> 00:17:16,720 Speaker 1: dreams are gonna come true. And I don't think that's true. 373 00:17:17,040 --> 00:17:20,520 Speaker 1: But yeah, there was just this glamorizing of working until 374 00:17:20,520 --> 00:17:23,520 Speaker 1: you pop into your bed exhausted, trying to pursue your 375 00:17:23,520 --> 00:17:26,200 Speaker 1: passion and just like working as hard as you possibly 376 00:17:26,200 --> 00:17:29,520 Speaker 1: physically can. Uh. But yeah, and that that is still 377 00:17:29,560 --> 00:17:31,520 Speaker 1: out there, that is still a thing. People are still 378 00:17:31,560 --> 00:17:33,520 Speaker 1: drinking that kool aid, and it's not of course that 379 00:17:33,600 --> 00:17:35,600 Speaker 1: you and I were not anti work. We think work 380 00:17:35,800 --> 00:17:39,080 Speaker 1: is great, and we're all for working hard at something 381 00:17:39,160 --> 00:17:41,959 Speaker 1: and and pursuing something that you love too, And in 382 00:17:42,000 --> 00:17:44,359 Speaker 1: some seasons it makes sense to increase your hustle in 383 00:17:44,440 --> 00:17:47,080 Speaker 1: order to accomplish a specifical map. There were times where 384 00:17:47,240 --> 00:17:49,359 Speaker 1: buying that next rental property meant I was going to 385 00:17:49,359 --> 00:17:52,120 Speaker 1: work a little bit harder, and you know, going there 386 00:17:52,160 --> 00:17:55,679 Speaker 1: after work to paint the interior walls was like a 387 00:17:55,720 --> 00:17:58,800 Speaker 1: sacrifice of other things I could have been pursuing. I'm 388 00:17:58,840 --> 00:18:01,480 Speaker 1: glad I did. But I say, NonStop hustle with no 389 00:18:01,640 --> 00:18:04,359 Speaker 1: end insight can also take this massive toll on your 390 00:18:04,359 --> 00:18:06,879 Speaker 1: mind and body, and so if there's no stop to it, 391 00:18:06,960 --> 00:18:09,840 Speaker 1: then you're going to experience some sort of burnout. So 392 00:18:09,880 --> 00:18:12,040 Speaker 1: we'd say be careful not to fall into the trap 393 00:18:12,080 --> 00:18:15,360 Speaker 1: of working more just because it's become a habit of hustling, 394 00:18:15,680 --> 00:18:18,679 Speaker 1: because hustling is supposed to be cool, And we'd say, like, 395 00:18:18,760 --> 00:18:20,960 Speaker 1: let yourself take a break. Yeah, And I believe that 396 00:18:21,080 --> 00:18:23,159 Speaker 1: so much of that mental health comes down to the 397 00:18:23,240 --> 00:18:26,359 Speaker 1: levels of stress that we experience, which dude, I believe 398 00:18:26,600 --> 00:18:29,400 Speaker 1: is greatly impacted by who it is that is calling 399 00:18:29,440 --> 00:18:32,120 Speaker 1: the shots as to how hard it is that you're working. Right, 400 00:18:32,160 --> 00:18:34,200 Speaker 1: So imagine, like, on one hand, you've got your boss, 401 00:18:34,520 --> 00:18:36,679 Speaker 1: and your boss is the one making you work, you know, 402 00:18:36,680 --> 00:18:39,280 Speaker 1: sixty seventy eight hours a week. That's going to feel 403 00:18:39,280 --> 00:18:42,080 Speaker 1: a certain way if your goals aren't aligned necessarily with 404 00:18:42,119 --> 00:18:44,760 Speaker 1: your bosses. But if it's you calling the shots, right, Like, 405 00:18:44,800 --> 00:18:46,600 Speaker 1: if it's like you said, like there are stages of 406 00:18:46,640 --> 00:18:48,679 Speaker 1: life sometimes that we're in in certain goals that we 407 00:18:48,680 --> 00:18:51,119 Speaker 1: want to achieve, And dude, it is a complete shift 408 00:18:51,200 --> 00:18:52,919 Speaker 1: when it is you, like when you are at the 409 00:18:52,920 --> 00:18:55,679 Speaker 1: wheel and when you can make those decisions and so 410 00:18:55,680 --> 00:18:57,359 Speaker 1: so I guess the takeaway here is that if you 411 00:18:57,440 --> 00:18:59,399 Speaker 1: are in a situation like that where you're not the 412 00:18:59,440 --> 00:19:03,000 Speaker 1: one calling the shots, then looking elsewhere, like the Great Resignation, 413 00:19:03,000 --> 00:19:05,520 Speaker 1: This has been happening after COVID because a lot of 414 00:19:05,520 --> 00:19:08,440 Speaker 1: folks have been able to reprioritize, they have been able 415 00:19:08,480 --> 00:19:11,280 Speaker 1: to maybe put money in its proper place. Uh. And 416 00:19:11,320 --> 00:19:13,840 Speaker 1: if that's you, you know, looking for a different position 417 00:19:13,960 --> 00:19:15,560 Speaker 1: might be in the cards. Yeah, And I think it's 418 00:19:15,600 --> 00:19:17,719 Speaker 1: worth rethinking some of the goals maybe that you have 419 00:19:17,800 --> 00:19:19,960 Speaker 1: and whether the sacrifice that's going to take to get 420 00:19:19,960 --> 00:19:22,120 Speaker 1: there is worth it, and sometimes it is and sometimes 421 00:19:22,119 --> 00:19:24,920 Speaker 1: it isn't. And let's say your goal is to work 422 00:19:24,920 --> 00:19:27,439 Speaker 1: in the C suite someday or have this corner office 423 00:19:27,440 --> 00:19:31,359 Speaker 1: and have like an upper management level position, and maybe 424 00:19:31,359 --> 00:19:33,399 Speaker 1: you're realizing that if you're gonna do it at the 425 00:19:33,480 --> 00:19:35,760 Speaker 1: job that you're currently at, it's going to require some 426 00:19:35,840 --> 00:19:38,520 Speaker 1: of those really lengthy work weeks and you're gonna miss 427 00:19:38,520 --> 00:19:42,080 Speaker 1: out on some other important things, including being healthy mentally 428 00:19:42,200 --> 00:19:44,560 Speaker 1: and and so yeah, if it's gonna require all of 429 00:19:44,600 --> 00:19:46,760 Speaker 1: these things from your time away from family, maybe not 430 00:19:46,800 --> 00:19:50,600 Speaker 1: attending your kids sporting events, along with just your own 431 00:19:50,600 --> 00:19:53,919 Speaker 1: mental sanity, you might have to like requestion some of 432 00:19:53,960 --> 00:19:56,520 Speaker 1: those priorities that you that you had. That's right. Yeah, 433 00:19:56,640 --> 00:19:58,719 Speaker 1: even if this is a goal that you had, uh, 434 00:19:58,760 --> 00:20:00,840 Speaker 1: and it's not your bosses, even if it's yours, you 435 00:20:00,920 --> 00:20:03,560 Speaker 1: might find that your mental health might be suffering because 436 00:20:03,600 --> 00:20:05,200 Speaker 1: of it. And so, you know, we feel that it 437 00:20:05,280 --> 00:20:07,760 Speaker 1: might be helpful for you to ask yourself a question like, 438 00:20:07,800 --> 00:20:10,320 Speaker 1: like what kind of mental state am I in after 439 00:20:10,400 --> 00:20:13,600 Speaker 1: having hustled my butt off for the last year, Because 440 00:20:13,720 --> 00:20:16,160 Speaker 1: you know, working more doesn't necessarily make us more efficient 441 00:20:16,760 --> 00:20:19,760 Speaker 1: for instance, scientists have tried for years to see if 442 00:20:19,760 --> 00:20:22,919 Speaker 1: we can still remain productive while sleeping less than the 443 00:20:22,960 --> 00:20:25,840 Speaker 1: typical eight hours a day, but they've consistently found that 444 00:20:25,960 --> 00:20:29,359 Speaker 1: humans need between seven and nine hours of sleep and 445 00:20:29,520 --> 00:20:32,199 Speaker 1: night in order to function their best. And so you know, 446 00:20:32,240 --> 00:20:34,720 Speaker 1: you'll probably find that in an effort to produce more, 447 00:20:35,400 --> 00:20:38,320 Speaker 1: you sleep less, But then the opposite effect starts to 448 00:20:38,359 --> 00:20:40,320 Speaker 1: take place. You might be spending more hours at the 449 00:20:40,359 --> 00:20:42,800 Speaker 1: office or or on your laptop working, but you're not 450 00:20:42,840 --> 00:20:46,000 Speaker 1: getting as much done. You're continually exhausted. Uh, and your 451 00:20:46,080 --> 00:20:49,040 Speaker 1: work is going to suffer. Uh, and so will your life. 452 00:20:49,080 --> 00:20:51,040 Speaker 1: That's right. Yeah, trying to put in too many hours 453 00:20:51,080 --> 00:20:54,760 Speaker 1: often just leads to like it's like every hour additionally 454 00:20:54,800 --> 00:20:57,280 Speaker 1: that you put in past whatever your maximum is. Like, 455 00:20:57,320 --> 00:21:01,200 Speaker 1: let's says for what the average person is working, there's 456 00:21:01,240 --> 00:21:04,000 Speaker 1: a law of diminishing returns, and every additional hour you're 457 00:21:04,080 --> 00:21:07,000 Speaker 1: less effective. And so it's worth kind of thinking through that. 458 00:21:07,200 --> 00:21:09,399 Speaker 1: I think a large part of mental health to Matt 459 00:21:09,480 --> 00:21:13,399 Speaker 1: is intellectual satisfaction. Right, Like, there's this stat recently, uh, 460 00:21:13,600 --> 00:21:16,119 Speaker 1: and they said that forty percent of people who rarely 461 00:21:16,200 --> 00:21:20,160 Speaker 1: read or write experience faster cognitive decline in old age, 462 00:21:20,400 --> 00:21:24,240 Speaker 1: and so there's just something magical about being curious. And 463 00:21:24,280 --> 00:21:26,879 Speaker 1: I think that the more we read and write, the 464 00:21:26,960 --> 00:21:31,000 Speaker 1: more we're expressing our curiosities. Were writing is essentially like writing, 465 00:21:31,160 --> 00:21:33,680 Speaker 1: putting down your thoughts on paper, and it's causing us 466 00:21:33,840 --> 00:21:35,439 Speaker 1: most of the time to think through what we actually 467 00:21:35,440 --> 00:21:38,040 Speaker 1: think or believe. And when we're reading, we're curious about 468 00:21:38,040 --> 00:21:41,120 Speaker 1: other people's ideas, what they've gone through, their life experience, 469 00:21:41,160 --> 00:21:44,040 Speaker 1: and so I think those are really healthy mechanisms for 470 00:21:44,160 --> 00:21:46,760 Speaker 1: us just to be well rounded people. There's a quote 471 00:21:46,760 --> 00:21:49,800 Speaker 1: from Albert Einstein. He once said, I have no special talents. 472 00:21:49,920 --> 00:21:53,520 Speaker 1: I'm only passionately curious. And I think maybe that was 473 00:21:53,560 --> 00:21:57,040 Speaker 1: a little bit, uh too much humility from Albert night Stein, 474 00:21:57,080 --> 00:21:59,400 Speaker 1: because he definitely had special talents, but he was also 475 00:21:59,480 --> 00:22:03,280 Speaker 1: just in sanely curious, and curiosity is good for our brains. 476 00:22:03,720 --> 00:22:05,639 Speaker 1: Uh In. Money is cool, but the world is so 477 00:22:05,720 --> 00:22:08,439 Speaker 1: much bigger and more fascinating than more dollar bills in 478 00:22:08,440 --> 00:22:10,760 Speaker 1: your bank account. And so if you're not being exposed 479 00:22:10,800 --> 00:22:14,959 Speaker 1: to interesting ideas, cool thinkers, fascinating people, then you're just 480 00:22:15,040 --> 00:22:17,399 Speaker 1: pulling in more dollars. Then I don't think it's a 481 00:22:17,400 --> 00:22:21,920 Speaker 1: recipe for a lifewell lived or for like great mental health. Yeah. 482 00:22:21,920 --> 00:22:25,760 Speaker 1: So regardless if you're satisfying that intellectual curiosity with your work, 483 00:22:25,960 --> 00:22:28,240 Speaker 1: or maybe that's something that you're pursuing outside of work 484 00:22:28,240 --> 00:22:29,959 Speaker 1: in your free time, we would say that you need 485 00:22:30,040 --> 00:22:34,280 Speaker 1: to strive to make room, uh for that intellectual curiosity 486 00:22:34,280 --> 00:22:37,520 Speaker 1: component of your life. Um So, let's talk about social health, 487 00:22:37,600 --> 00:22:39,520 Speaker 1: because if we're working too much in order to get ahead, 488 00:22:39,560 --> 00:22:42,119 Speaker 1: we might not just be compromising our mental health, our 489 00:22:42,119 --> 00:22:45,440 Speaker 1: physical health, but we might be compromising our closest relationships. 490 00:22:45,720 --> 00:22:47,880 Speaker 1: Because you know, if you're too busy to spend time 491 00:22:47,920 --> 00:22:49,960 Speaker 1: with your friends and your family, well, that's going to 492 00:22:50,080 --> 00:22:54,120 Speaker 1: cause strained relationships. Let's going to lead to less overall happiness. 493 00:22:54,400 --> 00:22:57,160 Speaker 1: One study found that seeing a close friend most days 494 00:22:57,520 --> 00:23:00,840 Speaker 1: is like getting a one thousand dollar raise. Seriously, this 495 00:23:00,920 --> 00:23:03,920 Speaker 1: is a this is the result that they were able 496 00:23:03,960 --> 00:23:05,720 Speaker 1: to measure. It's another working with your best friend. I 497 00:23:05,720 --> 00:23:07,080 Speaker 1: guess I was gonna say, like I would take the 498 00:23:07,160 --> 00:23:09,480 Speaker 1: hundred thousand dollars to set your mouth. You don't even 499 00:23:09,560 --> 00:23:12,680 Speaker 1: mean that, uh No, Seriously, there's just so much more 500 00:23:12,720 --> 00:23:15,320 Speaker 1: to life than just making more money. And another study 501 00:23:15,359 --> 00:23:17,959 Speaker 1: of three hundred thousand participants found that a lack of 502 00:23:18,000 --> 00:23:21,879 Speaker 1: strong relationships lead to a fifty percent increase in premature 503 00:23:21,920 --> 00:23:24,720 Speaker 1: death from not from anything specific, but just any kind 504 00:23:24,760 --> 00:23:27,640 Speaker 1: of disease, which is pretty mind boggling as well. Yeah, 505 00:23:27,720 --> 00:23:31,439 Speaker 1: that connectivity is is such a crucial part of our 506 00:23:31,560 --> 00:23:33,680 Speaker 1: overall health. Yeah. And and here's the thing too, It's 507 00:23:33,680 --> 00:23:36,720 Speaker 1: not just these individual relationships that we need, but you 508 00:23:36,720 --> 00:23:38,880 Speaker 1: need to make sure that you're finding ways to connect 509 00:23:39,040 --> 00:23:42,240 Speaker 1: meaningfully within a community. And so whether that's like a 510 00:23:42,280 --> 00:23:46,480 Speaker 1: religious community or just like a community of nerdy board gamers, 511 00:23:46,720 --> 00:23:49,439 Speaker 1: having a defined attachment to a group of like minded 512 00:23:49,440 --> 00:23:54,080 Speaker 1: folks that gathers together physically is important to have proper 513 00:23:54,240 --> 00:23:56,840 Speaker 1: social health. Uh. And you know, we do believe that 514 00:23:56,880 --> 00:23:59,560 Speaker 1: this applies to introverts as well. If you are out 515 00:23:59,560 --> 00:24:01,439 Speaker 1: there your list and you know that you're an introvert, 516 00:24:01,480 --> 00:24:04,440 Speaker 1: this is something like literally that you could be as 517 00:24:04,720 --> 00:24:08,280 Speaker 1: systematic and as intentional about as just putting an event 518 00:24:08,359 --> 00:24:10,760 Speaker 1: on the calendar. This is something that I've actually done 519 00:24:10,800 --> 00:24:13,680 Speaker 1: myself because I in particular over the pandemic, I found 520 00:24:13,720 --> 00:24:17,120 Speaker 1: myself like I would see you every day here while 521 00:24:17,119 --> 00:24:18,880 Speaker 1: we're while we were working, which is worth at least 522 00:24:18,920 --> 00:24:21,080 Speaker 1: a hunder grand here. But there's there's a lot of 523 00:24:21,080 --> 00:24:23,399 Speaker 1: folks in my life who I wasn't seeing anymore, and 524 00:24:23,400 --> 00:24:25,199 Speaker 1: I felt that I could feel the effects of that. 525 00:24:25,240 --> 00:24:28,720 Speaker 1: And so literally every Tuesday evening on my calendar it 526 00:24:28,840 --> 00:24:32,040 Speaker 1: says Matt's social and there's a question mark, and there's 527 00:24:32,040 --> 00:24:33,680 Speaker 1: a little spot there for somebody else's name that I 528 00:24:33,720 --> 00:24:35,879 Speaker 1: put in there because I have to be that intentional 529 00:24:35,960 --> 00:24:38,560 Speaker 1: about making sure that I'm including other people within my life. 530 00:24:38,640 --> 00:24:40,199 Speaker 1: And I never make that cut because you've seen me 531 00:24:40,200 --> 00:24:43,359 Speaker 1: every day and we hang out outside the podcasts all 532 00:24:43,400 --> 00:24:46,320 Speaker 1: the time. But yeah, no, I think that those studies 533 00:24:46,320 --> 00:24:49,240 Speaker 1: were kind of just super interesting to me, Matt, that 534 00:24:49,240 --> 00:24:51,840 Speaker 1: that's how important human relationship is to us, and some 535 00:24:51,880 --> 00:24:53,440 Speaker 1: of some of it can't be quantified in this study. 536 00:24:53,480 --> 00:24:57,600 Speaker 1: It's kind of unexplainable just how important, how necessary, you know, 537 00:24:58,000 --> 00:25:01,600 Speaker 1: real human interaction, close human f chip loving relationships are 538 00:25:01,680 --> 00:25:04,000 Speaker 1: for us as people. But yeah, if you're focusing too 539 00:25:04,080 --> 00:25:06,639 Speaker 1: much on money, it can lead to that strange social 540 00:25:06,680 --> 00:25:09,600 Speaker 1: life for potentially like an almost non existent one, like 541 00:25:09,640 --> 00:25:12,960 Speaker 1: if all of your best friends are work friends. I mean, 542 00:25:13,200 --> 00:25:16,040 Speaker 1: we're kind of an anomaly here where literally we are 543 00:25:16,160 --> 00:25:18,320 Speaker 1: each other's work friends and also best friends. But we 544 00:25:18,359 --> 00:25:20,360 Speaker 1: started off as best friends. But like, if you find 545 00:25:20,400 --> 00:25:23,960 Speaker 1: yourself losing connection to some of those other close friends 546 00:25:24,040 --> 00:25:25,840 Speaker 1: you've had over the years because you're spending too much 547 00:25:25,840 --> 00:25:28,440 Speaker 1: time at the office, that could be a sign that 548 00:25:28,800 --> 00:25:30,879 Speaker 1: money isn't in its proper place for you. And on 549 00:25:30,880 --> 00:25:33,119 Speaker 1: the flip side, if you're unwilling maybe to say for 550 00:25:33,160 --> 00:25:35,240 Speaker 1: a plane ticket to make it home for family Christmas 551 00:25:35,280 --> 00:25:37,080 Speaker 1: because you want to max out your four one K 552 00:25:37,200 --> 00:25:39,920 Speaker 1: in order to retire a year sooner, Gotta finish, gotta 553 00:25:39,920 --> 00:25:42,160 Speaker 1: finish out this projects. Is counting on me, Gotta get 554 00:25:42,160 --> 00:25:45,280 Speaker 1: to reach financial independence by the time I'm forty, or 555 00:25:45,480 --> 00:25:48,600 Speaker 1: it was all worthless. Well, you're you're probably overly focused 556 00:25:48,600 --> 00:25:50,560 Speaker 1: on money too, so we would say, yeah, be careful 557 00:25:50,800 --> 00:25:53,360 Speaker 1: not to put relationships on the back burner as you're 558 00:25:53,359 --> 00:25:56,560 Speaker 1: simultaneously getting your finances in shape. Is the pursuit of 559 00:25:56,560 --> 00:25:59,240 Speaker 1: financial independence a bad idea? No, of course not. We 560 00:25:59,320 --> 00:26:02,359 Speaker 1: are fully We are fully in support of you doing 561 00:26:02,359 --> 00:26:05,000 Speaker 1: everything you can in that endeavor. But if you're sacrificing 562 00:26:05,160 --> 00:26:06,919 Speaker 1: some of the most important things along the way, and 563 00:26:06,960 --> 00:26:09,520 Speaker 1: some of the most important people in your life along 564 00:26:09,520 --> 00:26:12,760 Speaker 1: the way, if you're losing time out with them regularly 565 00:26:13,080 --> 00:26:16,720 Speaker 1: because money has is dominating, it's taking the number one spot, 566 00:26:17,000 --> 00:26:18,960 Speaker 1: we would say, you've got to reconsider, you gotta shake 567 00:26:19,000 --> 00:26:20,919 Speaker 1: things up. Yeah, And something we mentioned too is that 568 00:26:21,000 --> 00:26:24,479 Speaker 1: like the actual physical gathering of people is really important, 569 00:26:24,480 --> 00:26:27,080 Speaker 1: which is really interesting because like compared to like a 570 00:26:27,119 --> 00:26:28,960 Speaker 1: digital gathering, right, Like, this is something you and I 571 00:26:29,000 --> 00:26:32,120 Speaker 1: have we've talked more about recently as the metaverse has 572 00:26:32,200 --> 00:26:34,440 Speaker 1: kind of come onto line as we're seeing like digital 573 00:26:34,480 --> 00:26:37,640 Speaker 1: real estate sales booming, and this is something that we've 574 00:26:37,640 --> 00:26:40,800 Speaker 1: talked about because we believe that if folks are counting 575 00:26:40,880 --> 00:26:44,880 Speaker 1: on that space, which is obviously purely digital, to replace 576 00:26:44,960 --> 00:26:47,160 Speaker 1: and to satisfy some of these needs that we have, 577 00:26:48,000 --> 00:26:50,000 Speaker 1: I think we are in for a world of hurt 578 00:26:50,000 --> 00:26:52,040 Speaker 1: because I mean we've already seen with like social media, 579 00:26:52,080 --> 00:26:56,560 Speaker 1: the negative impacts specifically on gen Z. But when we 580 00:26:56,680 --> 00:27:00,280 Speaker 1: look to these different forms of what we call social 581 00:27:00,440 --> 00:27:03,680 Speaker 1: interactions and relationship, uh, when instead what we truly need 582 00:27:03,800 --> 00:27:05,920 Speaker 1: are in person interactions where we can see someone face 583 00:27:05,960 --> 00:27:08,919 Speaker 1: to face, there's just a robustness and a richness that 584 00:27:09,000 --> 00:27:12,720 Speaker 1: has lost um with these digital communities. I think we 585 00:27:12,760 --> 00:27:15,000 Speaker 1: have to keep in mind how dependent we can be 586 00:27:15,080 --> 00:27:17,879 Speaker 1: on these different spaces, because we want them to complement 587 00:27:18,240 --> 00:27:22,040 Speaker 1: our actual you know, in real life life, and to 588 00:27:22,080 --> 00:27:24,440 Speaker 1: make sure that they don't completely replace our day to 589 00:27:24,480 --> 00:27:26,720 Speaker 1: day interactions with people. You might think about how to 590 00:27:26,760 --> 00:27:29,159 Speaker 1: money Facebook group, for instance, and is that a digital 591 00:27:29,200 --> 00:27:31,280 Speaker 1: group that's worth being in, And we would say yes, 592 00:27:31,320 --> 00:27:34,120 Speaker 1: we think it is because people are helping each other out. 593 00:27:34,160 --> 00:27:36,359 Speaker 1: Like it. It's a friendly group of people who have 594 00:27:36,440 --> 00:27:38,520 Speaker 1: a lot of knowledge who can help you make good 595 00:27:38,560 --> 00:27:40,840 Speaker 1: decisions with your money. But at the same time, like, 596 00:27:40,840 --> 00:27:43,560 Speaker 1: should that replace your friend group? Probably not, like it's 597 00:27:43,560 --> 00:27:46,320 Speaker 1: insufficient to do that, right and and not probably not, 598 00:27:46,400 --> 00:27:50,800 Speaker 1: like definitely not. It really should not come anywhere near 599 00:27:50,920 --> 00:27:54,040 Speaker 1: replacing what what you have in real life with other people. 600 00:27:54,600 --> 00:27:56,960 Speaker 1: But some of your best friends might not have some 601 00:27:57,000 --> 00:27:59,640 Speaker 1: of that robust knowledge that the online community can offer. 602 00:27:59,680 --> 00:28:01,560 Speaker 1: So it's to dip in there and get that knowledge 603 00:28:01,680 --> 00:28:04,280 Speaker 1: and participate. But it doesn't mean that's the end all, 604 00:28:04,320 --> 00:28:07,240 Speaker 1: be all and that's all you need, right and and Matt, 605 00:28:07,280 --> 00:28:09,280 Speaker 1: let's let's move on. Let's talk about on another area 606 00:28:09,640 --> 00:28:12,320 Speaker 1: where if we over prioritize money, we we can get 607 00:28:12,320 --> 00:28:14,520 Speaker 1: it wrong. And that's when it comes to our spiritual health, 608 00:28:14,640 --> 00:28:17,200 Speaker 1: and yes, we're going there. And since we're you've done 609 00:28:17,520 --> 00:28:19,280 Speaker 1: one how to money music selection? Can you do like 610 00:28:19,320 --> 00:28:22,640 Speaker 1: a Grigoryian chance right now? Just hammer this home? Don't 611 00:28:22,640 --> 00:28:24,960 Speaker 1: have it in me? Okay, all right, Sorry, that's no worries. 612 00:28:25,160 --> 00:28:27,520 Speaker 1: But there's a quote, another quote we're gonna throw in here. 613 00:28:27,520 --> 00:28:30,919 Speaker 1: Blaze Pascal once said that all of humanity's problems stem 614 00:28:31,000 --> 00:28:34,760 Speaker 1: from a person's inability to sit quietly in a room alone. 615 00:28:35,119 --> 00:28:37,760 Speaker 1: And Matt as a extrovert, this one hits me hard 616 00:28:37,760 --> 00:28:42,080 Speaker 1: because extrovert. Yeah, I'm like, sitting alone in a room 617 00:28:42,120 --> 00:28:44,080 Speaker 1: does sound like my form of torture. Like I had 618 00:28:44,080 --> 00:28:46,760 Speaker 1: friends that went to a silent retreat over the past year, 619 00:28:47,000 --> 00:28:48,640 Speaker 1: and I was like, what you paid to do that? 620 00:28:48,720 --> 00:28:51,840 Speaker 1: Because you'd have to pay me. Whereas I hear that, 621 00:28:51,880 --> 00:28:53,800 Speaker 1: I'm like, oh that sounds relaxing. Yeah, I feel like 622 00:28:53,840 --> 00:28:56,160 Speaker 1: that would be really helpful. Right. So there's obviously like 623 00:28:56,160 --> 00:28:58,440 Speaker 1: a somewhat of a personal crisis I have to deal 624 00:28:58,520 --> 00:29:00,840 Speaker 1: with as I as I kind of figure this on out. 625 00:29:00,880 --> 00:29:03,880 Speaker 1: But yeah, I feel like speaking of crisis is there's 626 00:29:03,920 --> 00:29:05,600 Speaker 1: there is a sort of like a crisis of meaning 627 00:29:05,640 --> 00:29:07,920 Speaker 1: in our country right now. And and and maybe I'm wrong 628 00:29:07,960 --> 00:29:10,640 Speaker 1: on this, but it feels like the world of constant 629 00:29:10,720 --> 00:29:13,080 Speaker 1: virtual connection we were just kind of like talking about, uh, 630 00:29:13,160 --> 00:29:16,479 Speaker 1: we often lacks that ability for meaningful connection and it's 631 00:29:16,560 --> 00:29:19,920 Speaker 1: zapping our brains. Like we're all tired, we're all mentally depleted, 632 00:29:20,160 --> 00:29:23,080 Speaker 1: and we feel less connected and actually more angry at 633 00:29:23,080 --> 00:29:25,720 Speaker 1: the end of many of those virtual connections. We're constantly 634 00:29:25,920 --> 00:29:29,000 Speaker 1: striving for connection, but we're missing it because we're looking 635 00:29:29,360 --> 00:29:31,760 Speaker 1: in the wrong places that can't actually provide it. And 636 00:29:31,800 --> 00:29:34,480 Speaker 1: so yeah, I think there's some truth to that. Being 637 00:29:34,480 --> 00:29:37,400 Speaker 1: able to sit quietly alone, like with your thoughts with 638 00:29:37,440 --> 00:29:40,320 Speaker 1: a book, um, that's that they're reading and writing component 639 00:29:40,360 --> 00:29:43,760 Speaker 1: is so important, that curiosity, but also just that ability 640 00:29:43,840 --> 00:29:46,640 Speaker 1: to if we're talking about spiritual health, not have to 641 00:29:46,720 --> 00:29:50,200 Speaker 1: always be entertained, and they're often costs that go alongside 642 00:29:50,200 --> 00:29:53,400 Speaker 1: of that, monetary costs actually hurting our ability to be 643 00:29:53,480 --> 00:29:56,360 Speaker 1: spiritually healthy as people. And we're not explicitly here to 644 00:29:56,400 --> 00:29:57,840 Speaker 1: tell you to go to church or you know, or 645 00:29:57,840 --> 00:30:00,480 Speaker 1: that you should start a daily meditation practice us, although 646 00:30:00,600 --> 00:30:02,560 Speaker 1: you know both of those things could be helpful for you. 647 00:30:02,760 --> 00:30:06,160 Speaker 1: But spirituality seems to be either just non existent or 648 00:30:06,200 --> 00:30:09,200 Speaker 1: it is just increasingly vague these days. Uh. And so 649 00:30:09,280 --> 00:30:12,840 Speaker 1: we'd encourage you to not neglect these deeper spiritual aspects 650 00:30:12,880 --> 00:30:15,760 Speaker 1: of life, these deeper questions, because you know, like science 651 00:30:15,800 --> 00:30:18,440 Speaker 1: and reason are great, but they don't feel the meaning 652 00:30:18,920 --> 00:30:21,360 Speaker 1: uh void you know that we all have within us. 653 00:30:21,640 --> 00:30:23,680 Speaker 1: I think even just simply getting outside of nature is 654 00:30:23,680 --> 00:30:25,800 Speaker 1: just one of the best ways to reset and remember 655 00:30:26,280 --> 00:30:29,560 Speaker 1: that this world, you know, this cosmos that we are in, 656 00:30:29,840 --> 00:30:32,600 Speaker 1: are far bigger than we are. Uh. And that can 657 00:30:32,680 --> 00:30:35,560 Speaker 1: provide healthful orientation when we start to focus too much 658 00:30:35,880 --> 00:30:39,080 Speaker 1: on something as temporary as money. We just when when 659 00:30:39,080 --> 00:30:42,000 Speaker 1: our world becomes so narrow and focused that we think 660 00:30:42,000 --> 00:30:44,719 Speaker 1: our life is this little mole hill that we fixated on, 661 00:30:44,920 --> 00:30:47,320 Speaker 1: and it provides the necessary realization that money is not 662 00:30:47,400 --> 00:30:49,920 Speaker 1: the answer to every problem we face. I mean, one 663 00:30:49,960 --> 00:30:53,960 Speaker 1: of the ways that prioritizing your spiritual health, or prioritizing religion, 664 00:30:54,120 --> 00:30:56,080 Speaker 1: how that could have a direct impact on our money 665 00:30:56,520 --> 00:30:59,080 Speaker 1: is that within a lot of different walks of faith, 666 00:30:59,680 --> 00:31:02,720 Speaker 1: your all to give your money away, and oftentimes specifically 667 00:31:02,800 --> 00:31:05,160 Speaker 1: that's called the tithe And that's something that our family does. 668 00:31:05,520 --> 00:31:07,720 Speaker 1: But not only by doing that, not only are you 669 00:31:07,800 --> 00:31:11,640 Speaker 1: not working more to gain more money, but you're being 670 00:31:11,680 --> 00:31:14,480 Speaker 1: actively called to give that money away to you know, 671 00:31:14,560 --> 00:31:16,720 Speaker 1: to be parted with that money. So I love that 672 00:31:16,920 --> 00:31:19,640 Speaker 1: is a kind of a natural reminder that is built 673 00:31:19,680 --> 00:31:21,960 Speaker 1: into a lot of different walks of faith that you 674 00:31:22,000 --> 00:31:24,360 Speaker 1: should have, you know, take a more open hand approach 675 00:31:24,400 --> 00:31:26,720 Speaker 1: when it comes to your money as something that we're given, 676 00:31:26,880 --> 00:31:30,160 Speaker 1: uh and that we should oftentimes freely give back as well. Yeah, man, 677 00:31:30,240 --> 00:31:32,479 Speaker 1: I agree. I think not only is like giving our 678 00:31:32,520 --> 00:31:36,000 Speaker 1: money away in that way good for our soul, it's 679 00:31:36,040 --> 00:31:38,440 Speaker 1: like good for the way we view money and the 680 00:31:38,520 --> 00:31:40,360 Speaker 1: role that money plays in our lives, and it just 681 00:31:40,400 --> 00:31:45,200 Speaker 1: like prevents an extreme attachment that becomes unhealthy. And so yeah, 682 00:31:45,280 --> 00:31:48,160 Speaker 1: I agree. I think that the spiritual side, the physical side, 683 00:31:48,160 --> 00:31:51,720 Speaker 1: the mental side of our money are all really important. 684 00:31:51,760 --> 00:31:53,640 Speaker 1: But we have like this litmus test that that you 685 00:31:53,680 --> 00:31:56,160 Speaker 1: and I created that we want people It's three questions 686 00:31:56,200 --> 00:31:58,480 Speaker 1: we want people to ask themselves that can help you 687 00:31:58,520 --> 00:32:01,840 Speaker 1: know whether money is having an outsized influence in your life. 688 00:32:01,840 --> 00:32:04,600 Speaker 1: Will get to the HTM litmus test right after this. 689 00:32:13,760 --> 00:32:15,560 Speaker 1: All right, we're back, Joel. Let's get to that how 690 00:32:15,600 --> 00:32:17,840 Speaker 1: the money litmus test that you mentioned we're hoping that 691 00:32:17,840 --> 00:32:20,040 Speaker 1: these are gonna be some helpful filters for you to 692 00:32:20,120 --> 00:32:23,440 Speaker 1: decide whether you're too focused on money, whether you're neglecting 693 00:32:23,760 --> 00:32:26,160 Speaker 1: maybe some other important aspects of your life or not. 694 00:32:26,760 --> 00:32:28,600 Speaker 1: So the first of these, the first question to ask 695 00:32:28,600 --> 00:32:32,400 Speaker 1: yourself is does you're spending align with your values. It's 696 00:32:32,440 --> 00:32:35,160 Speaker 1: as simple as that. Because if you're you know, Scrooge 697 00:32:35,320 --> 00:32:38,200 Speaker 1: mcducking it, and you're only amassing your wealth with the 698 00:32:38,440 --> 00:32:41,560 Speaker 1: crippling fear of ever spending any of it, you might 699 00:32:41,600 --> 00:32:44,080 Speaker 1: be too focused on your money, like you make me 700 00:32:44,120 --> 00:32:46,200 Speaker 1: think of you might be a redneck if my check 701 00:32:46,480 --> 00:32:48,360 Speaker 1: Jeff Foxx realthly, I feel like this is like you 702 00:32:48,440 --> 00:32:50,680 Speaker 1: might be too obsessed with money. If if you can't 703 00:32:50,680 --> 00:32:54,560 Speaker 1: spend anything, if you're Scrooge mcducing it, because you know, 704 00:32:54,640 --> 00:32:56,400 Speaker 1: like we we do think that growing your net worth 705 00:32:56,640 --> 00:32:59,160 Speaker 1: is a great goal to have. But like, like if 706 00:32:59,200 --> 00:33:01,840 Speaker 1: you're a personal capital net worth tracker, if that's something 707 00:33:01,880 --> 00:33:03,760 Speaker 1: that you're obsessed with, if that's something that you check, 708 00:33:04,120 --> 00:33:05,760 Speaker 1: you know, multiple times a day, you check it in 709 00:33:05,760 --> 00:33:07,600 Speaker 1: the morning, at noon, right before you go to bed, 710 00:33:08,160 --> 00:33:10,360 Speaker 1: you've probably gone too far. And so it's crucial to 711 00:33:10,400 --> 00:33:14,960 Speaker 1: ask yourself if you're spending aligns with your values, because 712 00:33:15,080 --> 00:33:17,160 Speaker 1: you know, like Joe, like we're both pretty frugal. But 713 00:33:17,200 --> 00:33:19,680 Speaker 1: over the years, I've had to learn this lesson and 714 00:33:19,840 --> 00:33:23,200 Speaker 1: to try to like loosen my grip on my wallet 715 00:33:23,240 --> 00:33:25,160 Speaker 1: on the things that I'm willing to spend money on. 716 00:33:25,400 --> 00:33:28,200 Speaker 1: By asking that question, it has informed our budget. It 717 00:33:28,240 --> 00:33:29,960 Speaker 1: has allowed me to just to feel a little more 718 00:33:30,000 --> 00:33:32,920 Speaker 1: comfortable spending money instead of just squirreling it away. That's 719 00:33:32,960 --> 00:33:35,040 Speaker 1: one of the reasons I think that budgeting your money 720 00:33:35,480 --> 00:33:39,160 Speaker 1: is such an important tool because it's you deciding ahead 721 00:33:39,160 --> 00:33:41,040 Speaker 1: of time that you know what this is something I've 722 00:33:41,080 --> 00:33:43,600 Speaker 1: decided is important. I'm going to attach a dollar amount 723 00:33:43,640 --> 00:33:46,040 Speaker 1: to it, knowing that down the road I'm not going 724 00:33:46,080 --> 00:33:48,160 Speaker 1: to feel that way, Like They're gonna be times when 725 00:33:48,160 --> 00:33:50,280 Speaker 1: I'm gonna think, you know what, Instead, I could just 726 00:33:50,440 --> 00:33:52,440 Speaker 1: save that. I can put that towards retirement. I could 727 00:33:52,640 --> 00:33:55,800 Speaker 1: funnel that money towards something else. But it's it's almost 728 00:33:55,800 --> 00:33:58,120 Speaker 1: like a way to keep yourself in check with the 729 00:33:58,160 --> 00:34:00,240 Speaker 1: things that you say that you actually do value. Yeah, 730 00:34:00,280 --> 00:34:02,040 Speaker 1: my new and I we could drink more Miller High 731 00:34:02,120 --> 00:34:04,600 Speaker 1: Life and less of the good stuff, and we could 732 00:34:04,920 --> 00:34:08,319 Speaker 1: put more aside for the future. But at some point 733 00:34:08,320 --> 00:34:10,200 Speaker 1: there's like diminishing returns for that too, right, and we 734 00:34:10,239 --> 00:34:12,600 Speaker 1: have to prioritize. That's why we drink a good beer 735 00:34:12,600 --> 00:34:15,640 Speaker 1: on every episode. One. We like drinking good beer and like. 736 00:34:16,040 --> 00:34:18,040 Speaker 1: But the other thing is, I think it is a 737 00:34:18,040 --> 00:34:20,520 Speaker 1: reminder for us that this is something we actually do 738 00:34:20,640 --> 00:34:22,360 Speaker 1: care about. We're putting our money where our mouth is 739 00:34:22,360 --> 00:34:24,640 Speaker 1: when it comes to our spending. And I agree, Matt, like, 740 00:34:24,880 --> 00:34:28,680 Speaker 1: at times I have not done that, and I'm less 741 00:34:28,680 --> 00:34:30,759 Speaker 1: happy because of it if I'm not putting my money 742 00:34:30,760 --> 00:34:33,040 Speaker 1: where my mouth is. Like, Wow, we're saving the investing 743 00:34:33,040 --> 00:34:35,600 Speaker 1: well for the future. On the other side of that spectrum, though, 744 00:34:35,719 --> 00:34:38,520 Speaker 1: you might find that you spend money too easily, your spendthrift, 745 00:34:38,560 --> 00:34:40,879 Speaker 1: and you might even forget where your money is going, 746 00:34:40,920 --> 00:34:43,279 Speaker 1: opting to buy things like spur of the moment, you know, 747 00:34:43,520 --> 00:34:45,920 Speaker 1: while you're showing Instagram or just hopping on Amazon to 748 00:34:45,920 --> 00:34:48,040 Speaker 1: see what's new, and you quickly forget that you even 749 00:34:48,080 --> 00:34:50,400 Speaker 1: bought that thing. It's in the back of your closets. Well, 750 00:34:50,760 --> 00:34:54,640 Speaker 1: you know. Consumption per capita has actually grown sixty since 751 00:34:54,680 --> 00:34:57,600 Speaker 1: the nineteen eighties. In the United States. The average garment Matt, 752 00:34:57,680 --> 00:35:00,600 Speaker 1: I saw this stat is only worn seven times before, 753 00:35:01,480 --> 00:35:03,080 Speaker 1: and I've talked about this on the show before. Many 754 00:35:03,120 --> 00:35:05,719 Speaker 1: of the shirts that I wear have actually probably been 755 00:35:05,719 --> 00:35:07,360 Speaker 1: worn a hundred times before I bought them because I 756 00:35:07,400 --> 00:35:09,239 Speaker 1: get them to the through store. But yeah, I think 757 00:35:09,280 --> 00:35:12,080 Speaker 1: what this means is that our unconscious spending is leading 758 00:35:12,160 --> 00:35:15,040 Speaker 1: to waste. Is where we're spending money, not where our 759 00:35:15,080 --> 00:35:17,360 Speaker 1: values lie, but we're spending it will annilily without thinking 760 00:35:17,360 --> 00:35:19,719 Speaker 1: of it. And so yeah, one of the solutions to 761 00:35:20,000 --> 00:35:24,320 Speaker 1: lavish consumption as a result of overcorrecting UM is gifting 762 00:35:24,680 --> 00:35:26,799 Speaker 1: that money to other people, right, which leads us to 763 00:35:26,800 --> 00:35:29,360 Speaker 1: our next question. That's where this next little question comes in, 764 00:35:29,400 --> 00:35:32,200 Speaker 1: which is do you give your money away? If you 765 00:35:32,239 --> 00:35:34,680 Speaker 1: have a really hard time or even in an ability 766 00:35:34,800 --> 00:35:37,160 Speaker 1: to part with any of your money, you likely don't 767 00:35:37,200 --> 00:35:39,960 Speaker 1: have money in its proper place. Going back to maxing 768 00:35:39,960 --> 00:35:42,160 Speaker 1: out your four oh ok, if that is preventing you 769 00:35:42,239 --> 00:35:45,799 Speaker 1: from giving, you are likely to obsessed. Instead, if you 770 00:35:45,840 --> 00:35:50,440 Speaker 1: work to prioritize giving, you'll find real benefit in doing so. Again, 771 00:35:50,560 --> 00:35:52,280 Speaker 1: that's a big part of why we did this cash 772 00:35:52,440 --> 00:35:54,759 Speaker 1: money giveaway. We wanted to be generous. Plus it's you 773 00:35:54,760 --> 00:35:56,439 Speaker 1: know it sounded like a lot of fun to help 774 00:35:56,480 --> 00:35:59,600 Speaker 1: our listeners make an impact right there where they live. 775 00:36:00,080 --> 00:36:02,600 Speaker 1: I think sometimes giving like just like a jump start 776 00:36:02,640 --> 00:36:04,720 Speaker 1: to something. It may not be a habit that you've 777 00:36:04,920 --> 00:36:07,960 Speaker 1: already been implementing, but by doing it once you can 778 00:36:08,000 --> 00:36:10,080 Speaker 1: kind of get that ball rolling. Yeah, And I feel like, 779 00:36:10,160 --> 00:36:12,359 Speaker 1: especially during the pandemic amount, I've heard a lot of 780 00:36:12,400 --> 00:36:16,279 Speaker 1: people talking about self care, and it's it's not that 781 00:36:16,320 --> 00:36:19,160 Speaker 1: there aren't times where you need to like check out 782 00:36:19,200 --> 00:36:22,239 Speaker 1: from the world and care for yourself and do something 783 00:36:22,239 --> 00:36:25,960 Speaker 1: that's replenishing for your own like heart and soul. Um. 784 00:36:26,040 --> 00:36:29,360 Speaker 1: I think that's true, but it's it's but caring for 785 00:36:29,400 --> 00:36:33,080 Speaker 1: others seems to be from everything I've read, better for 786 00:36:33,280 --> 00:36:36,879 Speaker 1: everyone involved, including you as the individual. And so, yeah, 787 00:36:36,920 --> 00:36:39,719 Speaker 1: people report when you look at studies, being more fulfilled 788 00:36:39,880 --> 00:36:42,160 Speaker 1: when they help others, And so we wanted to note 789 00:36:42,160 --> 00:36:44,080 Speaker 1: that if you're hot a money listener who's mired in 790 00:36:44,120 --> 00:36:46,440 Speaker 1: credit card debt or student loan debt, we realize it 791 00:36:46,440 --> 00:36:49,480 Speaker 1: can be difficult to be a giver when you're working 792 00:36:49,560 --> 00:36:52,279 Speaker 1: your way out of like a financially difficult situation. If 793 00:36:52,320 --> 00:36:54,920 Speaker 1: you've got like dollars worth of credit card debt on 794 00:36:54,960 --> 00:36:58,080 Speaker 1: the books. Then I realized you're probably you might not 795 00:36:58,080 --> 00:36:59,640 Speaker 1: be in the position or or you might not be 796 00:36:59,680 --> 00:37:02,120 Speaker 1: ready to give away ten percent of your income. But 797 00:37:02,320 --> 00:37:04,160 Speaker 1: you can start small. You don't have to go big 798 00:37:04,239 --> 00:37:06,040 Speaker 1: or go home. You can do just a little bits. 799 00:37:06,040 --> 00:37:08,080 Speaker 1: And so yeah, we would say it's important to find 800 00:37:08,080 --> 00:37:10,839 Speaker 1: ways to be a giver, even if you can only 801 00:37:10,880 --> 00:37:13,560 Speaker 1: offer just your time right now, Like if that's all 802 00:37:13,719 --> 00:37:16,200 Speaker 1: you have to offer because your your money is so tight, 803 00:37:16,520 --> 00:37:19,080 Speaker 1: we would say, do that, uh, and and and then 804 00:37:19,120 --> 00:37:21,880 Speaker 1: have the goal to monetarily support like an organization that 805 00:37:21,880 --> 00:37:24,279 Speaker 1: you care about. As you continue to make your own 806 00:37:24,280 --> 00:37:28,120 Speaker 1: personal progress towards financial freedom. Your time can go a 807 00:37:28,160 --> 00:37:30,600 Speaker 1: long way, and honestly, much of the time it's more 808 00:37:30,640 --> 00:37:33,640 Speaker 1: important and more meaningful than just writing a check. Yeah, 809 00:37:33,640 --> 00:37:37,439 Speaker 1: that's right. You know, monetarily giving giving some cash is 810 00:37:37,520 --> 00:37:39,719 Speaker 1: really important. But we don't feel that that absolves you 811 00:37:39,760 --> 00:37:42,200 Speaker 1: of personal responsibility when it comes to how it is 812 00:37:42,239 --> 00:37:44,880 Speaker 1: that we live our lives. Still important to love your 813 00:37:44,880 --> 00:37:46,839 Speaker 1: neighbor and care for them, and that to reach out 814 00:37:46,880 --> 00:37:50,200 Speaker 1: to those in need in your direct vicinity totally. So 815 00:37:50,280 --> 00:37:52,920 Speaker 1: our third question that we want you to ask yourself 816 00:37:53,080 --> 00:37:55,759 Speaker 1: is can you let loose and have fun on our 817 00:37:55,760 --> 00:37:57,520 Speaker 1: litmus test. I just wanted to stress this the how 818 00:37:57,560 --> 00:38:02,719 Speaker 1: the money litmus tests, but moving money from the equation altogether, Like, 819 00:38:02,760 --> 00:38:05,120 Speaker 1: do you know how to enjoy yourself? Because if you 820 00:38:05,120 --> 00:38:08,880 Speaker 1: are only focused on accomplishments, you know, achieving the next 821 00:38:08,920 --> 00:38:10,560 Speaker 1: goal that you have in mind in order to maybe 822 00:38:10,560 --> 00:38:13,040 Speaker 1: earn more money and move up the corporate ladder, you 823 00:38:13,160 --> 00:38:16,400 Speaker 1: might be neglecting pursuits that you enjoy. And so just 824 00:38:16,560 --> 00:38:19,000 Speaker 1: think to yourself a little bit right here, ask yourself 825 00:38:19,040 --> 00:38:21,920 Speaker 1: if you ever allow yourself to do anything just purely 826 00:38:21,960 --> 00:38:26,000 Speaker 1: for fun. The term play is just something that you know, 827 00:38:26,000 --> 00:38:28,680 Speaker 1: as responsible adults and parents like that we feel is 828 00:38:28,719 --> 00:38:31,279 Speaker 1: only for kids, but in reality it needs to be 829 00:38:31,320 --> 00:38:34,200 Speaker 1: something that we start incorporating into our own lives as 830 00:38:34,280 --> 00:38:37,200 Speaker 1: responsible adults. Oftentimes we can focus just too much on 831 00:38:37,239 --> 00:38:40,399 Speaker 1: the numbers when there need to be some of these uh, 832 00:38:40,440 --> 00:38:43,319 Speaker 1: you know, unmeasurable these intangible things that we need to 833 00:38:43,400 --> 00:38:46,480 Speaker 1: incorporate more into our life. An example, I'm thinking of Patagonia. 834 00:38:46,520 --> 00:38:49,560 Speaker 1: They let their workers go surfing whenever the waves are 835 00:38:49,800 --> 00:38:55,160 Speaker 1: a really good. Patagonia founder Van He wrote this manifesto 836 00:38:55,239 --> 00:38:58,200 Speaker 1: called let My People go surfing, which is super cool. 837 00:38:58,440 --> 00:39:01,399 Speaker 1: But employees are allowed out and even encouraged to drop 838 00:39:01,440 --> 00:39:03,400 Speaker 1: everything when there's a great set of ways coming in. 839 00:39:03,560 --> 00:39:07,200 Speaker 1: They also get a delightful Christmas break this year. You 840 00:39:07,280 --> 00:39:10,560 Speaker 1: probably don't work at Pattygonia. Chances are if you're listening 841 00:39:10,600 --> 00:39:13,560 Speaker 1: to this might be applying right now, speaking seriously, but 842 00:39:13,600 --> 00:39:16,920 Speaker 1: there's probably very few folks who are employed by that company. 843 00:39:17,239 --> 00:39:19,840 Speaker 1: Chances aren't high that you work for someone who shares 844 00:39:19,880 --> 00:39:22,439 Speaker 1: that philosophy. But we feel that this is something worth 845 00:39:22,560 --> 00:39:25,759 Speaker 1: working towards within our personal lives, you know, giving ourselves 846 00:39:25,800 --> 00:39:28,359 Speaker 1: the permission to let loose and enjoy the day. All right, 847 00:39:28,360 --> 00:39:30,359 Speaker 1: So again that how the money litmus test. Those three 848 00:39:30,440 --> 00:39:32,680 Speaker 1: questions are, does you're spending a line with your values? 849 00:39:33,040 --> 00:39:35,399 Speaker 1: Do you give money away? And can you let loose 850 00:39:35,440 --> 00:39:37,720 Speaker 1: and have fun? And I think those are three really 851 00:39:37,840 --> 00:39:41,680 Speaker 1: helpful questions to kind of pinpoint where's money? Like what 852 00:39:41,680 --> 00:39:44,120 Speaker 1: what what influences it have in my life? Because is it? 853 00:39:44,200 --> 00:39:46,200 Speaker 1: Is it overly influential? Do I need to take to 854 00:39:46,280 --> 00:39:48,240 Speaker 1: let it take a backseat so that I can enjoy 855 00:39:48,320 --> 00:39:50,520 Speaker 1: the things that provide real meaning and joy in my life? 856 00:39:50,520 --> 00:39:53,960 Speaker 1: Am I neglecting spiritual habit or you know, my physical 857 00:39:54,000 --> 00:39:57,640 Speaker 1: body because I'm so obsessed with financial independence by a 858 00:39:57,640 --> 00:40:00,080 Speaker 1: certain date or just acquiring more and more. And so 859 00:40:00,120 --> 00:40:02,840 Speaker 1: hopefully that limits test point you in the right direction 860 00:40:02,880 --> 00:40:05,040 Speaker 1: and gives you gives you some thoughts about where you 861 00:40:05,040 --> 00:40:07,799 Speaker 1: should be heading next. And at the end of the day, man, 862 00:40:07,880 --> 00:40:09,880 Speaker 1: I think I had had like one more question that 863 00:40:09,920 --> 00:40:12,399 Speaker 1: I want people to wrestle with, and it is what's 864 00:40:12,480 --> 00:40:16,000 Speaker 1: the job of money? And I think for some people, 865 00:40:16,040 --> 00:40:18,239 Speaker 1: the way they think of it, or maybe because they 866 00:40:18,239 --> 00:40:20,360 Speaker 1: haven't thought about it enough, they think it's like to 867 00:40:20,480 --> 00:40:22,880 Speaker 1: snowball it into as big of a pilot as humanly possible. 868 00:40:22,920 --> 00:40:24,759 Speaker 1: That is, that is one way to go right, to 869 00:40:25,080 --> 00:40:27,080 Speaker 1: acquire as much as that that idea of like the 870 00:40:27,120 --> 00:40:28,640 Speaker 1: person with the most toys at the end of the day, 871 00:40:28,760 --> 00:40:30,520 Speaker 1: where the end of their life wins. Well, I mean 872 00:40:30,560 --> 00:40:32,800 Speaker 1: that's not I would say that that's not what money 873 00:40:32,880 --> 00:40:34,640 Speaker 1: is for. But that is something that you can do 874 00:40:34,719 --> 00:40:37,560 Speaker 1: with money. And I think oftentimes people aren't asking themselves 875 00:40:37,560 --> 00:40:39,879 Speaker 1: the question what is money for? They're just looking at 876 00:40:40,080 --> 00:40:41,919 Speaker 1: what is it able to do? Oh, I've heard about 877 00:40:41,920 --> 00:40:44,640 Speaker 1: compound interest, I've heard about investing, So I am going 878 00:40:44,680 --> 00:40:46,680 Speaker 1: to do that with my money without giving much thought 879 00:40:46,760 --> 00:40:48,600 Speaker 1: to what it is actually for at the end of 880 00:40:48,640 --> 00:40:50,120 Speaker 1: the day. Yeah, but you and I we would say 881 00:40:50,120 --> 00:40:51,960 Speaker 1: we think that a much better way of thinking about 882 00:40:52,000 --> 00:40:54,640 Speaker 1: money is how is it helping you achieve success and 883 00:40:54,680 --> 00:40:57,680 Speaker 1: happiness in across a variety of areas of your life, like, 884 00:40:57,719 --> 00:41:00,799 Speaker 1: not just one area, right, And yeah, so that's what 885 00:41:00,840 --> 00:41:03,120 Speaker 1: we've been talking about in this episode. Is having more 886 00:41:03,200 --> 00:41:05,919 Speaker 1: money actually making you more of a slave, a slave 887 00:41:06,000 --> 00:41:08,640 Speaker 1: to your work, a slave to your desk? Or is 888 00:41:08,680 --> 00:41:10,760 Speaker 1: it causing you to work more than you want, becoming 889 00:41:10,840 --> 00:41:14,399 Speaker 1: less healthy and hurting your relationships. Or is it giving 890 00:41:14,400 --> 00:41:17,560 Speaker 1: you more freedom, bringing you more happiness, bring more fun 891 00:41:17,600 --> 00:41:20,680 Speaker 1: into your week, ultimately saving money. It doesn't have to 892 00:41:20,680 --> 00:41:23,600 Speaker 1: be just about giving you freedom for the last twenty 893 00:41:23,680 --> 00:41:25,960 Speaker 1: to thirty years of your life. I've always kind of 894 00:41:25,960 --> 00:41:28,080 Speaker 1: been turned off by that idea that that that's what 895 00:41:28,080 --> 00:41:30,319 Speaker 1: you're saving money for. I think it's it's for so 896 00:41:30,360 --> 00:41:32,840 Speaker 1: many more reasons than that. It can be about creating 897 00:41:32,840 --> 00:41:35,279 Speaker 1: more options for you in here and now, allowing you 898 00:41:35,320 --> 00:41:37,480 Speaker 1: to take more risks because you've got money in the 899 00:41:37,480 --> 00:41:40,560 Speaker 1: bank allowing you to do so. Maybe it's extended time 900 00:41:40,600 --> 00:41:43,520 Speaker 1: off when a baby is born. Maybe it's travel for 901 00:41:43,800 --> 00:41:46,400 Speaker 1: three months at a time with your family when before 902 00:41:46,520 --> 00:41:49,520 Speaker 1: you can only uh financially afford to do one week. 903 00:41:49,760 --> 00:41:52,600 Speaker 1: Or you never could think about quitting your job and 904 00:41:52,920 --> 00:41:54,799 Speaker 1: starting your own business, but now you can because you've 905 00:41:54,840 --> 00:41:57,319 Speaker 1: saved money. It's allowing you not to just acquire more 906 00:41:57,360 --> 00:41:59,000 Speaker 1: and more, but it's allowing you to do the things 907 00:41:59,040 --> 00:42:01,680 Speaker 1: that are the most eul. That's right. Money as a tool. 908 00:42:01,760 --> 00:42:03,960 Speaker 1: It's a means to an end. It is not the 909 00:42:04,120 --> 00:42:07,160 Speaker 1: end in and of itself. It's a good perspective to 910 00:42:07,239 --> 00:42:09,240 Speaker 1: keep when it comes to your money. Joel, the shift 911 00:42:09,239 --> 00:42:10,759 Speaker 1: gears me. Let's get back to the beer that you 912 00:42:10,800 --> 00:42:13,840 Speaker 1: and I enjoyed during this episode. This one was another 913 00:42:13,840 --> 00:42:16,880 Speaker 1: one by Timbalore Brewing Company, and this one was hazy. 914 00:42:17,120 --> 00:42:19,600 Speaker 1: You want to say it. I don't have any ja 915 00:42:19,640 --> 00:42:21,160 Speaker 1: z lyrics to spit out right now. I wish I 916 00:42:21,200 --> 00:42:23,239 Speaker 1: did hazy, But oh yeah, what were your thoughts on 917 00:42:23,239 --> 00:42:25,000 Speaker 1: this one? Okay? So I will say the other thing 918 00:42:25,040 --> 00:42:26,560 Speaker 1: that they can reminded me of. It kind of has 919 00:42:26,560 --> 00:42:28,160 Speaker 1: that say by the Bell art. Look, I don't know 920 00:42:28,160 --> 00:42:31,000 Speaker 1: if you remember, which I used to watch literally every 921 00:42:31,080 --> 00:42:32,520 Speaker 1: day when I got home from school. I feel that 922 00:42:32,520 --> 00:42:34,560 Speaker 1: a little bit. It was like my favorite show for 923 00:42:34,600 --> 00:42:37,120 Speaker 1: a long time. I will say this beer not my 924 00:42:37,239 --> 00:42:38,920 Speaker 1: favorite beer. It's not as good as Say By the 925 00:42:38,920 --> 00:42:41,640 Speaker 1: Bell was as a show, but it's very good and 926 00:42:41,800 --> 00:42:45,120 Speaker 1: it's definitely it's got that classic New England hazy vibes 927 00:42:45,160 --> 00:42:47,279 Speaker 1: going on. And so yeah, big thanks to Ryan for 928 00:42:47,280 --> 00:42:49,560 Speaker 1: sending this one our way. I'll never turn down the 929 00:42:49,880 --> 00:42:51,920 Speaker 1: I p A. I don't know what else you're looking for, Like, 930 00:42:52,000 --> 00:42:54,440 Speaker 1: I feel like it has all the characteristics of a 931 00:42:54,520 --> 00:42:56,680 Speaker 1: New England Hazy, right, So it's kind of got those floral, 932 00:42:56,880 --> 00:42:59,880 Speaker 1: fruity notes, it's kind of got that dry hot nature 933 00:43:00,040 --> 00:43:03,040 Speaker 1: that I typically attribute to like a blue cheese note 934 00:43:03,040 --> 00:43:07,120 Speaker 1: that oftentimes that dry hot hazies can can have. But overall, 935 00:43:07,160 --> 00:43:09,880 Speaker 1: if this is a style of beer that you haven't had, 936 00:43:09,880 --> 00:43:11,719 Speaker 1: if you haven't had a Newland Hazy before you're out 937 00:43:11,719 --> 00:43:14,479 Speaker 1: there in California, we would recommend that you check out 938 00:43:14,520 --> 00:43:18,080 Speaker 1: Tymbole or brewing look up Hazy. This is a good 939 00:43:18,080 --> 00:43:20,719 Speaker 1: representation of this style of beer. And I wasn't trying 940 00:43:20,760 --> 00:43:23,279 Speaker 1: to hate. I was just saying, like, when you think 941 00:43:23,520 --> 00:43:25,279 Speaker 1: I'm very nostalgic for Say By the Bell and those 942 00:43:25,360 --> 00:43:28,360 Speaker 1: days coming home. It's an incredibly high standard. Yes, so 943 00:43:28,400 --> 00:43:31,560 Speaker 1: you're not into like the what what the college college 944 00:43:31,640 --> 00:43:34,040 Speaker 1: years or the college days. They like did a whole reboot, 945 00:43:34,040 --> 00:43:37,239 Speaker 1: and I think I was, did you? But it's been 946 00:43:37,280 --> 00:43:38,920 Speaker 1: a while, it's been a while. While you were watching that, 947 00:43:38,960 --> 00:43:41,680 Speaker 1: I was at home watching mcgeiver, like the original mcguiver, 948 00:43:41,760 --> 00:43:44,640 Speaker 1: because I loved watching that show. Totally sounds like your 949 00:43:44,680 --> 00:43:47,320 Speaker 1: jam way less Saved by the Bell. I feel like 950 00:43:47,320 --> 00:43:49,440 Speaker 1: it's a perfect snapshot of you and me. You were 951 00:43:49,440 --> 00:43:52,319 Speaker 1: there watching uh folks be social on TV, and I 952 00:43:52,360 --> 00:43:55,120 Speaker 1: was watching this dude all my m stylf figure out 953 00:43:55,160 --> 00:43:59,080 Speaker 1: how to you know, transform a clothesline pin into something 954 00:43:59,080 --> 00:44:01,160 Speaker 1: that he can you know, parachute from a building from. 955 00:44:01,239 --> 00:44:03,040 Speaker 1: That's you and me. That's best friends in a nutshell, 956 00:44:03,120 --> 00:44:05,040 Speaker 1: isn't it all right? Well, that's gonna do it for 957 00:44:05,120 --> 00:44:07,440 Speaker 1: this episode. Again, big thanks to Ryan for sending this 958 00:44:07,520 --> 00:44:09,759 Speaker 1: beer our way. And yeah for our listeners who want 959 00:44:09,800 --> 00:44:11,840 Speaker 1: to see that litmus test written out, who want the 960 00:44:11,840 --> 00:44:13,719 Speaker 1: show notes for this episode, you can find those on 961 00:44:13,719 --> 00:44:16,040 Speaker 1: our website at how to money dot com. That's right, 962 00:44:16,080 --> 00:44:18,279 Speaker 1: So that's gonna be it for this episode. Until next time, 963 00:44:18,440 --> 00:44:20,279 Speaker 1: Best Friends out, best friends out,