WEBVTT - Putting Money in its Proper Place #452 0:00:00.120 --> 0:00:02.520 Welcome to How the Money. I'm Joel and I and 0:00:02.680 --> 0:00:25.599 Matt and today we're discussing putting money in its proper places, 0:00:27.280 --> 0:00:31.320 in its right place. Do you like that song? It's 0:00:32.479 --> 0:00:34.559 everything in its right place. It's like I think it's 0:00:34.560 --> 0:00:37.560 a radio Head song from Amnesiac, maybe one of my 0:00:37.600 --> 0:00:40.360 favorite albums. By the way, Okay, I haven't really gotten 0:00:40.360 --> 0:00:42.800 into radio Head very much. Radiohead is one of those 0:00:42.840 --> 0:00:45.680 bands I used to listen to a ton but a 0:00:45.840 --> 0:00:47.240 day of the week. By the way, I was just 0:00:47.280 --> 0:00:51.120 trying to stop my falsetto, my Tom York falsetto. But no, 0:00:51.320 --> 0:00:55.000 we are talking about money. Everything does have a correct place, 0:00:55.040 --> 0:00:57.280 and money in particular, we're gonna we're gonna put money 0:00:57.280 --> 0:00:59.600 in its proper place during this episode because it's one 0:00:59.600 --> 0:01:01.760 of those things ings. It's like one of these monsters 0:01:01.840 --> 0:01:04.039 that when you give it a little bit of free rein, 0:01:04.319 --> 0:01:07.039 once it starts roaming around unchecked, it can start to 0:01:07.040 --> 0:01:08.640 take over your entire life. And you might think the 0:01:08.640 --> 0:01:11.120 guys that hosts the show How the Money think money 0:01:11.160 --> 0:01:13.880 takes the top spot. But no, indeed we do not. 0:01:14.080 --> 0:01:16.240 That's right, man. But before we get to our topic today, 0:01:16.400 --> 0:01:18.560 we need to share the winners of our one thou 0:01:18.800 --> 0:01:22.399 dollar giveaway. We announced this on the last Friday's episode 0:01:22.400 --> 0:01:24.880 that we wanted to give away a hundred dollars to 0:01:25.000 --> 0:01:28.520 ten different people to do some good within your communities. 0:01:28.560 --> 0:01:31.720 And so that entry period is over, comments are closed, 0:01:31.760 --> 0:01:35.040 and here are the ten winners for that cash money giveaway. 0:01:35.120 --> 0:01:37.560 All right, Matt, I'll kick it off. Lindsay B. Goodwin, 0:01:38.080 --> 0:01:41.399 t c D Underscore, Techno, Kitten, It's probably my favorite 0:01:41.400 --> 0:01:46.200 of the name, row Neck Underscore, Savola, the Daisy Dot Life, 0:01:46.560 --> 0:01:49.360 and Empty Real Underscore, Fate. That's right, that's the first five. 0:01:49.440 --> 0:01:53.280 I got five more. We've got h a h Rubish 0:01:53.600 --> 0:01:57.000 Mary Ate, the Little Lamb that's actually my favorite, the 0:01:57.200 --> 0:02:01.600 Unsetting Son Architect four four six for and Smoothie. So 0:02:01.720 --> 0:02:04.520 we will be reaching out to y'all via Instagram, but 0:02:04.560 --> 0:02:06.800 we wanted to announce the winners here on the show. 0:02:07.160 --> 0:02:09.560 Thank you all for participating, and thank you to everybody 0:02:09.600 --> 0:02:12.840 for participating, and generally speaking, I think this is shed 0:02:12.880 --> 0:02:15.960 a lot of lights on the different organizations UH in 0:02:16.040 --> 0:02:18.000 need who we can contribute to. Yeah, man, I think 0:02:18.040 --> 0:02:20.639 this is just so cool. I'm so excited that speaking 0:02:20.639 --> 0:02:22.640 of putting money in its proper place. You and I 0:02:22.680 --> 0:02:24.800 get to put our money where our mouth is. We 0:02:24.800 --> 0:02:27.200 get to give away some of our own money. And 0:02:27.240 --> 0:02:29.200 you know, we've talked about the importance of giving in 0:02:29.240 --> 0:02:32.440 the past many times. That's a crucial aspect of making 0:02:32.480 --> 0:02:34.639 money and putting in its proper places giving it away. 0:02:34.840 --> 0:02:37.639 And I'm just I'm just super excited to see what 0:02:37.840 --> 0:02:40.440 these ten people do in their community with this money. 0:02:40.720 --> 0:02:42.920 And yeah, we'll report back because it's gonna be a 0:02:42.960 --> 0:02:45.519 lot of fun to see how much good that money does. 0:02:45.800 --> 0:02:47.600 That's right, man, Let's go ahead and introduce the beer 0:02:47.639 --> 0:02:50.600 that we're gonna enjoy during this episode. Uh. This is 0:02:50.800 --> 0:02:54.640 a beer called Hazy uh like like jay Z, which 0:02:54.680 --> 0:02:58.320 you pointed out before we started recording. Uh, and this 0:02:58.400 --> 0:03:00.800 is by Tim blow Or Brewing Company. Thinks to Ryan 0:03:00.840 --> 0:03:02.880 and our friends there at the brewery for donating this 0:03:02.919 --> 0:03:04.760 one to the show, no doubt. All right, Matt. So 0:03:05.120 --> 0:03:06.760 now you just mentioned the beer that we're having and 0:03:07.000 --> 0:03:09.040 the episode we're talking about today is putting money in 0:03:09.040 --> 0:03:10.760 its proper place. And you know what this made me 0:03:10.760 --> 0:03:14.040 think of just both those things combined. Uh. You've heard 0:03:14.080 --> 0:03:15.600 like the phrase that an apple a day keeps a 0:03:15.639 --> 0:03:18.160 doctor away, right. Well, for you know, the adult version 0:03:18.160 --> 0:03:21.360 of that, some people have said is a glass of wine. Okay, 0:03:21.960 --> 0:03:24.280 I thought I'm gonna say a craft beer a day. 0:03:24.400 --> 0:03:26.040 I wish. I don't think it's quite as healthy as 0:03:26.080 --> 0:03:28.240 a glass of wine. But a lot of studies have 0:03:28.280 --> 0:03:31.239 been done, and you know, we don't actually have conclusive 0:03:31.280 --> 0:03:34.760 evidence about the long term effects of moderate drinking, but 0:03:34.800 --> 0:03:37.120 I would say it seems safe to say that a 0:03:37.160 --> 0:03:40.880 single glass of wine with dinner doesn't have negative long 0:03:41.000 --> 0:03:45.160 term effects, and it could be beneficial in providing antioccidents 0:03:45.400 --> 0:03:48.800 as well as protecting against art disease. And the studies 0:03:48.840 --> 0:03:50.360 that I like to read the ones let's say just 0:03:50.400 --> 0:03:52.120 a little bit of this, it's it's actually good for you, 0:03:52.200 --> 0:03:54.200 basically a little bit of that confirmation bias, you know, 0:03:54.480 --> 0:03:56.839 in finding the studies to degree with the way I think. 0:03:57.600 --> 0:04:00.320 But of course, if that habit turns in to a 0:04:00.360 --> 0:04:03.320 bottle of wine a day, we're talking about potentially severe 0:04:03.360 --> 0:04:05.960 consequences for someone, right, So if a glass turns into 0:04:06.000 --> 0:04:08.440 a bottle, it all of a sudden becomes a really 0:04:08.440 --> 0:04:11.680 big deal. And yeah, what what's good in moderation can 0:04:11.720 --> 0:04:14.880 become absolutely wretched if it gets overdone and the same 0:04:15.000 --> 0:04:17.320 we would say is true with money. Right, It's it's 0:04:17.400 --> 0:04:20.200 less about how much money you actually have, but it's 0:04:20.279 --> 0:04:23.080 more about how the role that money plays in your life. 0:04:23.080 --> 0:04:25.280 And that's what we want to talk about today. Yeah, 0:04:25.279 --> 0:04:27.560 this might be weird, but you know, we're actually attempting 0:04:27.600 --> 0:04:31.040 to de emphasize something that we talk talk about three 0:04:31.120 --> 0:04:33.560 days a week, every single week, because you know, like 0:04:33.640 --> 0:04:36.520 we believe that money is a helpful tool. This makes 0:04:36.560 --> 0:04:39.360 me think of my father in law because he recently 0:04:39.400 --> 0:04:42.160 had a trip to the emergency room, had a little 0:04:42.200 --> 0:04:44.520 run in with a table saw. And that's not to 0:04:44.600 --> 0:04:46.919 say that now all table saws are bad, but the 0:04:46.960 --> 0:04:51.320 way he was using this all led to him having 0:04:51.360 --> 0:04:53.479 to go to the hospital. Uh. It comes down to 0:04:53.720 --> 0:04:56.039 using the right tool for the right job. Obviously making 0:04:56.040 --> 0:04:58.320 sure that we're careful with those tools. But we feel 0:04:58.360 --> 0:05:01.000 that money is a helpful tool, uh, and it's also 0:05:01.000 --> 0:05:03.839 an essential one. But we also believe that beyond a 0:05:03.880 --> 0:05:06.400 certain point, more money isn't going to solve all of 0:05:06.440 --> 0:05:09.080 our problems, even though we might be tempted to think so. Really, 0:05:09.080 --> 0:05:12.240 money is only one component of our overall health and 0:05:12.279 --> 0:05:15.120 happiness levels. So for instance, Joel, you know you mentioned 0:05:15.120 --> 0:05:17.159 that glass of wine. That might provide a small boost 0:05:17.200 --> 0:05:19.720 to your overall levels of health, But that doesn't mean 0:05:19.760 --> 0:05:22.440 that you shouldn't ride your bike more, or that maybe 0:05:22.640 --> 0:05:25.960 you should stop doing your push ups, uh, whatever you're 0:05:26.000 --> 0:05:27.960 doing to to try to stay healthy. Yeah, even if 0:05:28.000 --> 0:05:30.280 eating that apple or drinking that glass of wine is 0:05:30.480 --> 0:05:33.360 somewhat moderately helpful to your you know, to boosting your 0:05:33.400 --> 0:05:35.320 overall levels of health, you still got to do those 0:05:35.320 --> 0:05:37.640 other things. Those are those are more important. Exactly getting 0:05:37.640 --> 0:05:40.400 your finances in order overall, that's an important part of 0:05:40.440 --> 0:05:42.400 a healthy life. We want to be a part of 0:05:42.400 --> 0:05:44.760 helping you make progress in that direction. That is our 0:05:44.760 --> 0:05:47.000 main focus. But we also want to talk about the 0:05:47.040 --> 0:05:50.400 limitations of money when it comes to your happiness. And 0:05:50.480 --> 0:05:52.960 with this episode coming out towards the end of the year, 0:05:53.320 --> 0:05:55.680 I don't know, it's kind of fun to swing the 0:05:55.760 --> 0:05:57.880 other direction. When every single week we're talking about the 0:05:57.880 --> 0:06:01.000 importance of money, the importance of making wise financial decisions, 0:06:01.279 --> 0:06:03.280 there are also some of these other things that you 0:06:03.320 --> 0:06:05.040 need to keep in mind as well. Yeah, we want 0:06:05.120 --> 0:06:07.320 people to learn about the benefits of house hacking. We 0:06:07.360 --> 0:06:10.279 want to help people figure out how to invest you know, 0:06:10.279 --> 0:06:12.840 which accounts they should be investing in to get the 0:06:13.120 --> 0:06:17.560 maximum reward, to lower their taxes, and to build up 0:06:17.640 --> 0:06:20.080 a strong net worth for their future. But at the 0:06:20.120 --> 0:06:22.680 same time, like, if that's all you're focused on, you're 0:06:22.680 --> 0:06:24.800 missing out. And especially this time a year, we're we're 0:06:24.839 --> 0:06:28.120 all of us, we're focusing on really important things like 0:06:28.279 --> 0:06:30.760 time together with the family, like time away from work. 0:06:30.800 --> 0:06:33.960 We're prioritizing different things, and so yeah, that's why we 0:06:33.960 --> 0:06:36.599 were like, we have to talk about all these other things. 0:06:36.680 --> 0:06:39.920 And how you know, if we actually overpursue money, if 0:06:39.920 --> 0:06:42.120 we're overthinking it, then we're going to miss out on 0:06:42.160 --> 0:06:43.719 things that really matter. It's right, And it makes me 0:06:43.760 --> 0:06:46.880 think Matt of like athletes switching teams for a few 0:06:46.880 --> 0:06:50.280 million dollars more like, uh, someone who signs a two 0:06:50.360 --> 0:06:53.160 hundred and seventy million dollar contracts as opposed to take 0:06:53.240 --> 0:06:56.119 that hometown discount and playing ten years for two hundred 0:06:56.160 --> 0:06:58.919 and fifty five million dollars instead. And I'm like, you know, 0:06:59.160 --> 0:07:01.840 both of those ums are mind boggling, and I can't 0:07:01.839 --> 0:07:04.840 really imagine making that much money for playing the game. 0:07:05.440 --> 0:07:07.640 But yeah, why why would you move? It makes me 0:07:07.839 --> 0:07:09.440 when I see that happen, I'm always like, why would 0:07:09.440 --> 0:07:12.600 that person move for a five percent pay bump when 0:07:12.640 --> 0:07:15.680 they're already making more money than they'll ever need than 0:07:15.720 --> 0:07:17.640 they'll ever be able to spend. And when I think 0:07:17.640 --> 0:07:19.120 about it, I think it all comes down to what 0:07:19.400 --> 0:07:22.760 you're optimizing for. In this case, that person is optimizing 0:07:23.120 --> 0:07:26.360 for money. But maybe they haven't thought there long enough, 0:07:26.480 --> 0:07:28.160 or maybe they have. Maybe that's actually where they want 0:07:28.160 --> 0:07:29.880 to go play, they prefer to be in that state 0:07:29.960 --> 0:07:32.560 or whatever. But so many athletes you see make this 0:07:32.600 --> 0:07:35.560 move for money. They go to a losing team, or 0:07:35.760 --> 0:07:38.680 they opt out of a community where they were invested, 0:07:39.040 --> 0:07:43.480 and it leads to lower life satisfaction overall, right, other 0:07:43.520 --> 0:07:46.680 negative consequences. And and really this doesn't just apply to 0:07:47.080 --> 0:07:49.160 you know, high dollar athletes. This can apply to anyone 0:07:49.200 --> 0:07:51.360 who's moving to a new state. Let's say their sole 0:07:51.440 --> 0:07:53.480 desire is to lower the amount they pay in taxes, 0:07:53.680 --> 0:07:55.600 and they say, I'm moving to Florida or I'm moving 0:07:55.640 --> 0:07:58.160 to Tennessee because they don't have a state income tax 0:07:58.280 --> 0:08:01.360 and you leave, right it is, I get it, But 0:08:01.400 --> 0:08:03.960 you leave all your friends and family behind, Uh, for 0:08:04.000 --> 0:08:07.240 that one decision to optimize money, it's probably going to 0:08:07.360 --> 0:08:09.440 lead to less happiness in the long run. And so 0:08:09.480 --> 0:08:11.880 it's not that money should not be a factor in 0:08:12.160 --> 0:08:14.320 how you make decisions, but it also shouldn't be the 0:08:14.320 --> 0:08:17.360 sole deciding factor either, because there's a whole lot more 0:08:17.400 --> 0:08:19.800 to life and just money. Yeah, there's only so much 0:08:19.840 --> 0:08:21.560 that money can do for you. There are a lot 0:08:21.600 --> 0:08:23.400 of other things you need to take into account. And 0:08:23.520 --> 0:08:25.880 you know, let's let's talk about COVID. Let's bring the 0:08:25.880 --> 0:08:30.000 pandemic into this for a second, because seventy of Americans 0:08:30.160 --> 0:08:32.679 say that the pandemic has affected their life in a 0:08:32.679 --> 0:08:35.400 meaningful way. Many folks lost a loved one, and that's 0:08:35.520 --> 0:08:39.160 obviously a stunning impact. But even those of us who 0:08:39.280 --> 0:08:41.880 were fortunate enough to to not lose someone close to us, 0:08:42.040 --> 0:08:45.319 the pandemic acted in many ways as a force for change, 0:08:45.679 --> 0:08:48.320 um and much of that change has actually been good, 0:08:48.559 --> 0:08:51.000 you know, from from quitting a job that you that 0:08:51.080 --> 0:08:53.199 you don't like, maybe that you hate, to spending more 0:08:53.200 --> 0:08:56.679 time with your family. The changes that COVID brought abouts 0:08:56.800 --> 0:08:59.200 are many and uh and for a lot of us 0:08:59.240 --> 0:09:02.360 it has provided additional happiness by just cutting out a 0:09:02.360 --> 0:09:03.960 lot of the fluff in our lives that we no 0:09:04.040 --> 0:09:08.000 longer need. COVID was pretty devastating to our lives, into 0:09:08.000 --> 0:09:10.600 our economy, but I feel like this is one really 0:09:10.679 --> 0:09:13.840 small silver lining is the fact that it already caused 0:09:13.880 --> 0:09:16.480 us to kind of re evaluate and to put certain 0:09:16.480 --> 0:09:19.200 things like money, uh in its proper place. Yeah, we 0:09:19.240 --> 0:09:21.320 said this, maybe it was even a year ago, Matt, 0:09:21.400 --> 0:09:23.640 But like, if you haven't been able to find a 0:09:23.640 --> 0:09:26.080 silver lining from COVID, then maybe you haven't been looking 0:09:26.080 --> 0:09:28.840 hard enough. Because most of us, like my calendar got 0:09:28.880 --> 0:09:31.160 cleared in a big way. And you know, we've gone 0:09:31.160 --> 0:09:33.480 on more family hikes in the past eighteen months than 0:09:33.600 --> 0:09:37.120 we've ever taken before and done more. I guess I'm 0:09:37.160 --> 0:09:39.640 a hiker now because this is something we're doing. Yeah, 0:09:39.640 --> 0:09:41.719 we've done more family picnics. Like, there have been all 0:09:41.760 --> 0:09:43.920 these things, these ways that we've adjusted our lives. And 0:09:43.920 --> 0:09:46.600 it's not that it hasn't been really hard in so 0:09:46.679 --> 0:09:48.800 many different ways. And I know that that each of 0:09:48.880 --> 0:09:51.720 us have had our own burdens during during COVID times, 0:09:52.240 --> 0:09:55.560 but yeah, there have been many silver linings at the 0:09:55.600 --> 0:09:58.600 same time. And yeah, well we're talking about putting money 0:09:58.640 --> 0:10:01.040 in its proper place and so much this comes down 0:10:01.040 --> 0:10:03.480 to like meaning and what provides us meaning. And there 0:10:03.520 --> 0:10:06.880 was a Pew research study done just came out literally 0:10:06.880 --> 0:10:09.200 at the end of last month, and I thought some 0:10:09.280 --> 0:10:11.080 of like what that had to say was really helpful 0:10:11.120 --> 0:10:14.040 and informative for this episode. And it turns out family, friends, 0:10:14.040 --> 0:10:17.240 and occupation took the top three spots for providing meaning 0:10:17.640 --> 0:10:20.880 in most countries around the world when people were studied, 0:10:20.960 --> 0:10:23.760 when people were asked that question, material well being was 0:10:23.800 --> 0:10:26.160 a close fourth. And so, of course, again it's not 0:10:26.200 --> 0:10:28.520 that money is not important. You read that and you're like, yeah, 0:10:28.559 --> 0:10:31.040 of course, like people, people want to be in a 0:10:31.080 --> 0:10:32.760 warm home, they want to be well fed, they want 0:10:32.760 --> 0:10:35.000 to have clothes on their back, and so it's not 0:10:35.040 --> 0:10:38.240 that that is not important. Um, But when you look 0:10:38.280 --> 0:10:41.560 at it in the context of the answers to these questions, 0:10:41.800 --> 0:10:43.520 it still comes in fourth place. And I thought that 0:10:43.880 --> 0:10:46.319 said a lot, because, yeah, a lack of money it 0:10:46.400 --> 0:10:49.000 certainly creates quite a bit of difficulty for the person 0:10:49.040 --> 0:10:51.319 who doesn't have enough, right It's it's hard to get 0:10:51.360 --> 0:10:53.280 that meaningful time with your family if you're wondering where 0:10:53.280 --> 0:10:55.719 your next meal is going to come from you or 0:10:55.760 --> 0:10:57.960 if you're the person who's working sixty plus hours a 0:10:57.960 --> 0:11:00.839 week in order to make ends meet. Same thing, right, 0:11:00.920 --> 0:11:03.280 And and let's say you're the person living with boatloads 0:11:03.320 --> 0:11:06.120 of debt or with very little or no financial margin. 0:11:06.360 --> 0:11:08.559 You're kind of living on that financial precipice. You are 0:11:08.600 --> 0:11:10.960 one of those people who, uh, you know the Federal 0:11:11.000 --> 0:11:14.480 Reserve says doesn't have four to cover an emergency. Well, 0:11:14.480 --> 0:11:16.920 it's gonna impact your mental health and potentially your physical 0:11:16.920 --> 0:11:20.920 health to all leading to lower levels of happiness and meaning. So, yeah, 0:11:20.960 --> 0:11:23.360 money is not unimportant, but yeah, it's it's interesting to 0:11:23.360 --> 0:11:26.000 see when you look at the stats about what things 0:11:26.080 --> 0:11:29.400 provide the most meaning, money is fourth on the list 0:11:29.400 --> 0:11:31.480 really when it comes down to it, right, Yeah, So 0:11:31.480 --> 0:11:34.240 while money has an important role to play, it isn't everything. 0:11:34.760 --> 0:11:36.880 And so we're actually going to delve into some of 0:11:36.880 --> 0:11:39.600 the other facets of life that need to be considered. 0:11:39.640 --> 0:11:41.959 And you know how an over emphasis on money can 0:11:42.000 --> 0:11:45.040 impact our overall levels of happiness and well will actually 0:11:45.080 --> 0:11:47.560 offer a litmus test later on in the episode as 0:11:47.600 --> 0:11:50.360 well for ensuring that money is playing a proper role 0:11:50.640 --> 0:11:52.320 in your life. We'll get to all of that right 0:11:52.360 --> 0:12:03.559 after this. All right, let's get back to it. Let's 0:12:03.600 --> 0:12:07.120 talk about money, putting it in its proper place. And yeah, 0:12:07.120 --> 0:12:09.760 if we elevate money above everything else, we're gonna be 0:12:10.280 --> 0:12:13.600 pretty tyrannical, awful, hard people. I think right, I was 0:12:13.600 --> 0:12:16.360 waiting for you to sing your song after I did mine. No, 0:12:16.400 --> 0:12:18.120 I don't do that, my little number. I don't have 0:12:18.160 --> 0:12:20.680 the vocal talents that you have, so I'll refrain. No 0:12:20.840 --> 0:12:24.400 or do I everyone found out earlier. Well, yeah, let's 0:12:24.400 --> 0:12:26.840 talk about some of the most important facets of life 0:12:27.000 --> 0:12:29.600 where if we let money overtake these things in order 0:12:29.640 --> 0:12:32.120 of importance, we're all bound to lose in the end. 0:12:32.559 --> 0:12:34.640 And yeah, the first one that's worth talking about is 0:12:34.720 --> 0:12:38.840 physical health, because focusing too much on money can cause 0:12:38.880 --> 0:12:42.000 you to neglect your physical health. And yeah, since physical 0:12:42.000 --> 0:12:44.480 health is in the top five in that Pew research 0:12:44.520 --> 0:12:46.520 study that that we just mentioned before the break, you 0:12:46.520 --> 0:12:48.200 want to make sure that you don't take that one 0:12:48.320 --> 0:12:51.839 for granted. Matt, I just recently read Ross douth It's 0:12:51.840 --> 0:12:54.040 new book about the years of hardship that he endured 0:12:54.080 --> 0:12:57.000 after contracting lime disease. He's a New York Times writer, 0:12:57.120 --> 0:12:58.880 and it was just like one. He's a good writer, 0:12:58.960 --> 0:13:01.079 and to just kind of like a fascinating to get 0:13:01.080 --> 0:13:03.920 a peak under the hood of the trauma that he's 0:13:03.960 --> 0:13:06.840 dealt with essentially in the last five years. Basically, he 0:13:06.880 --> 0:13:09.320 was a d percent healthy one day and then intense 0:13:09.440 --> 0:13:11.400 chronic pain came into his life and it didn't leave, 0:13:11.720 --> 0:13:15.080 and there was like no day that he wasn't ravaged 0:13:15.160 --> 0:13:18.800 by just feeling terrible and justin why disease seems like 0:13:18.840 --> 0:13:21.080 one of those things that's just terrible, Like, I hear 0:13:21.120 --> 0:13:23.080 more accounts of people who deal with that, and it's 0:13:23.080 --> 0:13:25.240 something oftentimes that they are dealing with for years. Yeah, 0:13:25.240 --> 0:13:27.640 and we know so little about it. And that's one 0:13:27.640 --> 0:13:29.000 of the things he goes into in the book, how 0:13:29.000 --> 0:13:31.760 it's a mystery. Yeah, And there's all these kind of 0:13:31.760 --> 0:13:34.360 off the beaten path ways that people who have lime 0:13:34.440 --> 0:13:37.720 disease try to deal with it, and many of which 0:13:37.760 --> 0:13:40.719 the medical establishment says frowned upon. There They're like, now, 0:13:40.760 --> 0:13:42.920 you shouldn't do that, and and they're kind of some 0:13:42.960 --> 0:13:45.520 oddball tactics that he ends up using in the book 0:13:45.880 --> 0:13:48.560 and really trying to come with his own cocktail to 0:13:48.600 --> 0:13:50.920 diagnose himself or to serve himself in order to hopefully 0:13:50.920 --> 0:13:52.959 feel a little bit better. Is this a book recommendation? 0:13:53.000 --> 0:13:55.200 It is? Yes, I would say, definitely read this book 0:13:55.280 --> 0:13:58.240 if if you get a minute, because it's great. But 0:13:59.120 --> 0:14:01.400 what really I get from reading books like this, Stories 0:14:01.440 --> 0:14:04.560 like this provide me a new kind of thankfulness for 0:14:04.640 --> 0:14:08.240 my healthy body, right knowing that it's it's not something 0:14:08.280 --> 0:14:11.360 I'm going to have tomorrow. I'm not promised that tomorrow. 0:14:11.440 --> 0:14:13.600 Wake up and I feel great, Um, wake up tomorrow 0:14:13.600 --> 0:14:16.679 with a tick on your chest or potentially wherever they buy. 0:14:16.920 --> 0:14:19.320 Actually they like to They like like to go to 0:14:19.360 --> 0:14:22.480 the dark, warm areas like your armpit or your crotch, 0:14:22.560 --> 0:14:24.960 back of your neck, I think to okay, yeah, behind 0:14:24.960 --> 0:14:27.760 the ear. Yeah, so yeah, I would say I would 0:14:27.800 --> 0:14:31.040 say this like one, know that you're not promised health 0:14:31.400 --> 0:14:33.160 and so be thankful for it and too. If you 0:14:33.160 --> 0:14:35.720 find yourself working too much, not taking care of your 0:14:35.720 --> 0:14:38.680 body the way you should, it's time to reconsider how 0:14:38.720 --> 0:14:42.480 much effort you're pouring into money making, because if you're 0:14:42.520 --> 0:14:45.000 optimizing for money again, kind of like that professional athlete, 0:14:45.360 --> 0:14:48.040 maybe you're making the wrong ultimate decision and there are 0:14:48.040 --> 0:14:49.960 other things that are worth optimizing for. Yeah. I think 0:14:49.960 --> 0:14:52.040 a lot of times folks might think, oh well, if 0:14:52.040 --> 0:14:53.440 I'm making a ton of money, well then I can 0:14:53.480 --> 0:14:56.080 afford the best doctors, and I can afford the best medicines. 0:14:56.560 --> 0:14:59.840 But doctors, they're not miracle workers. There are a lot 0:14:59.880 --> 0:15:02.560 of amazing drugs out there, but that doesn't necessarily guarantee 0:15:02.640 --> 0:15:04.960 that your health is going to be good, right just 0:15:04.960 --> 0:15:08.240 by getting a treatment, Like, you can't buy good health. Uh. 0:15:08.280 --> 0:15:10.080 And so that's one of the reasons that we're recommending 0:15:10.080 --> 0:15:12.080 for you to pay attention to your physical health. Now, 0:15:12.480 --> 0:15:14.680 another end of the spectrum you might find yourself on 0:15:14.840 --> 0:15:16.800 is like, like you might be so cheap that you're 0:15:16.840 --> 0:15:19.080 unwilling to say, pay for that y m c A 0:15:19.080 --> 0:15:22.120 membership that would actually get you off the couch. They're 0:15:22.120 --> 0:15:24.920 just these different ways where in an attempt to be 0:15:25.000 --> 0:15:27.600 wise with our money, uh, as we're trying to be frugal, 0:15:27.800 --> 0:15:30.080 we can find ourselves going down that cheap path. And 0:15:30.120 --> 0:15:31.320 the other thing to you to mention it like you 0:15:31.320 --> 0:15:34.040 don't actually need a gym membership in order to prioritize 0:15:34.040 --> 0:15:36.400 you know, working out, Like just get a bike, or 0:15:36.480 --> 0:15:38.600 you don't even need a bike because even that cost money. 0:15:38.760 --> 0:15:41.119 Just go for a run, get outside, move your body. 0:15:41.160 --> 0:15:43.360 But we do understand how you know, sometimes a little 0:15:43.400 --> 0:15:45.720 bit of skin in the game or finding a workout 0:15:45.760 --> 0:15:47.760 partner can make all the difference when it comes to 0:15:47.960 --> 0:15:50.160 finding some motivation for you. But we still want to 0:15:50.200 --> 0:15:53.640 point out overall that your physical health can be something 0:15:53.760 --> 0:15:57.160 that you neglect in the pursuit of more money. Something Joel, 0:15:57.240 --> 0:15:59.520 that I feel like we've learned from our friend Carl Jensen. 0:15:59.520 --> 0:16:01.720 This is something he's written about on his blog fift 0:16:02.240 --> 0:16:05.320 Days many times, which is that while he was grinding 0:16:05.320 --> 0:16:07.720 it out during his nine to five as a software developer, 0:16:08.360 --> 0:16:10.240 his physical health is something that he neglected, and he 0:16:10.320 --> 0:16:13.960 realized after he had reached financial independence that man, this 0:16:14.040 --> 0:16:16.000 is something I could have been doing all these things 0:16:16.040 --> 0:16:19.160 while I was still working. It didn't take me becoming 0:16:19.200 --> 0:16:22.360 financially independent in order to take care of myself. Yeah, 0:16:22.360 --> 0:16:24.760 and like you said, it doesn't necessarily take money. But 0:16:24.840 --> 0:16:28.320 sometimes the prioritization of money, or the prioritization of saving 0:16:28.320 --> 0:16:30.320 more money prevents us from taking the action that we 0:16:30.360 --> 0:16:32.560 need to do to get healthy. And and I think 0:16:32.560 --> 0:16:34.760 when we take a step back, our physical health is 0:16:35.600 --> 0:16:38.240 of primary importance in our lives. It should be, and 0:16:38.280 --> 0:16:40.120 if we're not treating it like that, then it's it's 0:16:40.120 --> 0:16:42.720 something that we need to rethink um and and just 0:16:42.920 --> 0:16:45.480 hopefully this is a good reminder to say, all right, well, 0:16:45.520 --> 0:16:48.240 how are you prioritizing that right now? And his money 0:16:48.520 --> 0:16:51.480 or your over prioritization of money maybe holding you back 0:16:51.520 --> 0:16:54.560 in the realm and in another place, Matt, another realm 0:16:54.640 --> 0:16:57.920 of our lives that we sometimes let suffer because we're 0:16:57.920 --> 0:17:00.600 thinking about money too much or we're over poritizing it 0:17:00.640 --> 0:17:03.160 is our mental health. And this might be a good 0:17:03.240 --> 0:17:05.920 chance to talk about hustle culture for a second. I'm 0:17:05.960 --> 0:17:07.919 not sure. I don't think it's quite as prevalent as 0:17:07.920 --> 0:17:10.119 it was a few years ago. I know Gary Baynerchuck 0:17:10.160 --> 0:17:12.040 and some of his ILK com made it sound like 0:17:12.240 --> 0:17:13.879 if you work eighty hours a week, man, all your 0:17:13.920 --> 0:17:16.720 dreams are gonna come true. And I don't think that's true. 0:17:17.040 --> 0:17:20.520 But yeah, there was just this glamorizing of working until 0:17:20.520 --> 0:17:23.520 you pop into your bed exhausted, trying to pursue your 0:17:23.520 --> 0:17:26.200 passion and just like working as hard as you possibly 0:17:26.200 --> 0:17:29.520 physically can. Uh. But yeah, and that that is still 0:17:29.560 --> 0:17:31.520 out there, that is still a thing. People are still 0:17:31.560 --> 0:17:33.520 drinking that kool aid, and it's not of course that 0:17:33.600 --> 0:17:35.600 you and I were not anti work. We think work 0:17:35.800 --> 0:17:39.080 is great, and we're all for working hard at something 0:17:39.160 --> 0:17:41.959 and and pursuing something that you love too, And in 0:17:42.000 --> 0:17:44.359 some seasons it makes sense to increase your hustle in 0:17:44.440 --> 0:17:47.080 order to accomplish a specifical map. There were times where 0:17:47.240 --> 0:17:49.359 buying that next rental property meant I was going to 0:17:49.359 --> 0:17:52.120 work a little bit harder, and you know, going there 0:17:52.160 --> 0:17:55.679 after work to paint the interior walls was like a 0:17:55.720 --> 0:17:58.800 sacrifice of other things I could have been pursuing. I'm 0:17:58.840 --> 0:18:01.480 glad I did. But I say, NonStop hustle with no 0:18:01.640 --> 0:18:04.359 end insight can also take this massive toll on your 0:18:04.359 --> 0:18:06.879 mind and body, and so if there's no stop to it, 0:18:06.960 --> 0:18:09.840 then you're going to experience some sort of burnout. So 0:18:09.880 --> 0:18:12.040 we'd say be careful not to fall into the trap 0:18:12.080 --> 0:18:15.360 of working more just because it's become a habit of hustling, 0:18:15.680 --> 0:18:18.679 because hustling is supposed to be cool, And we'd say, like, 0:18:18.760 --> 0:18:20.960 let yourself take a break. Yeah, And I believe that 0:18:21.080 --> 0:18:23.159 so much of that mental health comes down to the 0:18:23.240 --> 0:18:26.359 levels of stress that we experience, which dude, I believe 0:18:26.600 --> 0:18:29.400 is greatly impacted by who it is that is calling 0:18:29.440 --> 0:18:32.120 the shots as to how hard it is that you're working. Right, 0:18:32.160 --> 0:18:34.200 So imagine, like, on one hand, you've got your boss, 0:18:34.520 --> 0:18:36.679