1
00:00:00,080 --> 00:00:03,120
Speaker 1: Welcome to How the Money. I'm Joel and I am Matt,

2
00:00:03,279 --> 00:00:06,240
Speaker 1: and this is a Friday Flight Leftover Turkey edition.

3
00:00:25,000 --> 00:00:27,760
Speaker 2: Joel's Favorite Leftovers. Was it last week that you were

4
00:00:27,800 --> 00:00:30,560
Speaker 2: just singing the praises of how we all need to

5
00:00:30,560 --> 00:00:33,240
Speaker 2: be eating more turkey? Turkey's underrated? Was it as good

6
00:00:33,560 --> 00:00:35,959
Speaker 2: Joel as you imagined it? I don't know, because we're

7
00:00:35,960 --> 00:00:38,720
Speaker 2: pre recording this, Mack, because of course we didn't record

8
00:00:38,760 --> 00:00:41,080
Speaker 2: on actual Thanksgiving Day. We'll tell you what with our

9
00:00:41,120 --> 00:00:43,440
Speaker 2: respective families doing all the things that you do and

10
00:00:43,520 --> 00:00:45,640
Speaker 2: I didn't need, I'll tell you that that's a crime

11
00:00:45,680 --> 00:00:50,400
Speaker 2: against humanity. You know Fenra, the one of the regulatory bodies.

12
00:00:50,400 --> 00:00:53,760
Speaker 2: Oh yeah, have you seen the ad for the girl

13
00:00:54,120 --> 00:00:58,200
Speaker 2: who is thinking about investing in meat based tofu company?

14
00:01:00,040 --> 00:01:02,520
Speaker 2: Look it up. It's basically calling attention to some of

15
00:01:02,560 --> 00:01:05,040
Speaker 2: the things that we get distracted by and we think, oh,

16
00:01:05,160 --> 00:01:08,119
Speaker 2: maybe well we should invest in this company. And it's

17
00:01:08,160 --> 00:01:10,800
Speaker 2: sort of like her conscience. It's sort of like what's

18
00:01:10,800 --> 00:01:14,040
Speaker 2: the movie with the girlth of feelings and picks are

19
00:01:14,720 --> 00:01:17,000
Speaker 2: oh oh inside out? Yeah yeah, it's sort of like

20
00:01:17,000 --> 00:01:19,320
Speaker 2: inside out and she's got all these different versions of herself.

21
00:01:19,920 --> 00:01:22,720
Speaker 2: She's trying to convince herself to invest in this meat

22
00:01:22,760 --> 00:01:25,720
Speaker 2: based tofu company, or maybe it's a Tofu meat base.

23
00:01:25,760 --> 00:01:28,160
Speaker 2: I don't know. But one of the questions was like

24
00:01:28,200 --> 00:01:30,600
Speaker 2: does this even check out? And they say that, it's like,

25
00:01:30,640 --> 00:01:34,679
Speaker 2: oh yeah, maybe not. That's exactly what I thought of,

26
00:01:34,800 --> 00:01:37,240
Speaker 2: because yeah, that's when it comes investing. That's one of

27
00:01:37,280 --> 00:01:40,480
Speaker 2: the things you need to consider is how logical is

28
00:01:40,520 --> 00:01:42,760
Speaker 2: it to begin with? But no, okay, so we are

29
00:01:42,800 --> 00:01:44,800
Speaker 2: doing this is a special episode. This is a special

30
00:01:44,840 --> 00:01:48,680
Speaker 2: Friday flight, and we wanted to call special attention basically

31
00:01:48,760 --> 00:01:52,160
Speaker 2: to thankfulness and some of the different things that listeners

32
00:01:52,160 --> 00:01:55,680
Speaker 2: in particular that they have been able to achieve with

33
00:01:55,960 --> 00:01:58,840
Speaker 2: their money, right, and not everyone that was at least

34
00:01:59,040 --> 00:02:00,920
Speaker 2: what I was really to hear. A lot of folks

35
00:02:01,000 --> 00:02:04,400
Speaker 2: shared just some of the listener money wins, some of

36
00:02:04,440 --> 00:02:06,280
Speaker 2: the things they were able to accomplish over the year,

37
00:02:06,280 --> 00:02:09,200
Speaker 2: which we love to hear. But specifically, I think this

38
00:02:09,240 --> 00:02:11,800
Speaker 2: is a great episode after Thanksgiving as we are all

39
00:02:12,280 --> 00:02:17,280
Speaker 2: expressing some things to basically really focus in on the

40
00:02:17,320 --> 00:02:19,760
Speaker 2: different things that we're able to do in our lives

41
00:02:20,160 --> 00:02:22,880
Speaker 2: with the money that we've been able to set aside

42
00:02:22,919 --> 00:02:25,320
Speaker 2: with the fact that we no longer have this debt

43
00:02:25,360 --> 00:02:27,400
Speaker 2: that's hanging over our head. Right, what you're doing for

44
00:02:27,440 --> 00:02:29,160
Speaker 2: my life? What is it doing for you? And how

45
00:02:29,200 --> 00:02:33,240
Speaker 2: can I express gratitude? Because yeah, yeah, what are the larger,

46
00:02:33,360 --> 00:02:36,840
Speaker 2: more important things in life? Because money is just a tool,

47
00:02:37,040 --> 00:02:39,280
Speaker 2: it's not And we don't want people to think about

48
00:02:39,280 --> 00:02:41,760
Speaker 2: how much money they have set aside in their nest

49
00:02:41,800 --> 00:02:45,919
Speaker 2: egg as like a score, like a high like a scoreboard. Basically,

50
00:02:46,280 --> 00:02:50,200
Speaker 2: it's less about that external keeping of score and more

51
00:02:50,240 --> 00:02:52,600
Speaker 2: for you what you're able to achieve with that money,

52
00:02:52,600 --> 00:02:53,560
Speaker 2: connecting it to real life.

53
00:02:53,600 --> 00:02:55,840
Speaker 1: It's less of like I'm thankful for twenty two percent

54
00:02:55,960 --> 00:02:58,680
Speaker 1: returns in my you know, in my four oh one

55
00:02:58,760 --> 00:03:00,679
Speaker 1: k or something like that. It is more where the

56
00:03:00,760 --> 00:03:02,720
Speaker 1: rubber meets the road, which is like, man, there were

57
00:03:02,720 --> 00:03:04,359
Speaker 1: a lot of great ones that we're looking forward to

58
00:03:04,400 --> 00:03:06,840
Speaker 1: sharing with you. We requested them on Facebook and on

59
00:03:06,880 --> 00:03:09,600
Speaker 1: Instagram and we just had a ton of great responses

60
00:03:09,639 --> 00:03:12,800
Speaker 1: from listeners. So who are grateful for the ways that

61
00:03:12,840 --> 00:03:16,360
Speaker 1: money has and smart money management has impacted their lives

62
00:03:16,360 --> 00:03:19,079
Speaker 1: and allowed them to live really the life they want

63
00:03:19,120 --> 00:03:22,120
Speaker 1: to live, not just like hey, I didn't a million

64
00:03:22,160 --> 00:03:25,400
Speaker 1: dollars to my net worth which feels seven digits.

65
00:03:25,440 --> 00:03:27,240
Speaker 2: Baby, Yeah, that's part of it.

66
00:03:27,240 --> 00:03:29,120
Speaker 1: Like, I don't want to say that that's dumb, because

67
00:03:29,160 --> 00:03:31,720
Speaker 1: tracking your net worth matters, and it is okay to

68
00:03:31,760 --> 00:03:33,760
Speaker 1: be grateful. Hey, my net worth grew this year. That's

69
00:03:33,840 --> 00:03:36,520
Speaker 1: that's pretty cool. But there are other, I think ways

70
00:03:36,560 --> 00:03:40,080
Speaker 1: where where money hits the things that matter, and a

71
00:03:40,080 --> 00:03:41,400
Speaker 1: lot of listeners share stuff like that.

72
00:03:41,400 --> 00:03:42,280
Speaker 2: Makes me think. I think.

73
00:03:42,280 --> 00:03:44,960
Speaker 1: I think I'm most grateful for from this past year

74
00:03:45,080 --> 00:03:47,720
Speaker 1: in terms of money, is Matt that we were able

75
00:03:47,720 --> 00:03:49,520
Speaker 1: to take a big trunk of time off this summer.

76
00:03:49,600 --> 00:03:51,520
Speaker 1: I don't know if listeners remember that. Yeah, we had

77
00:03:51,520 --> 00:03:53,880
Speaker 1: some replays there for like four weeks.

78
00:03:53,760 --> 00:03:54,360
Speaker 2: Or something like that.

79
00:03:54,960 --> 00:03:57,640
Speaker 1: We were gone and it was nice. Not because it's

80
00:03:57,840 --> 00:04:00,160
Speaker 1: so good. I don't like recording the podcast with you,

81
00:04:00,280 --> 00:04:01,560
Speaker 1: or I don't like what we do. I love what

82
00:04:01,600 --> 00:04:04,040
Speaker 1: we do, but it was nice to get that break.

83
00:04:04,320 --> 00:04:08,000
Speaker 1: It was nice to travel with the fam, and that's

84
00:04:08,000 --> 00:04:11,400
Speaker 1: one of those things that money really touches. Our ability

85
00:04:11,760 --> 00:04:14,760
Speaker 1: to do that and not have flop sweat the whole

86
00:04:14,760 --> 00:04:16,479
Speaker 1: time be like, oh, okay.

87
00:04:16,880 --> 00:04:18,840
Speaker 2: Had you ever done that in your entire life, your

88
00:04:18,920 --> 00:04:20,680
Speaker 2: entire working career up until this past time.

89
00:04:20,760 --> 00:04:24,960
Speaker 1: I had taken one long trip. It was it was

90
00:04:25,080 --> 00:04:27,279
Speaker 1: very very early in my career. It's funny, after I

91
00:04:27,400 --> 00:04:30,040
Speaker 1: left and I quit my job, they laid off a

92
00:04:30,080 --> 00:04:33,080
Speaker 1: bunch of people, like pretty quickly after anyway. But I

93
00:04:33,560 --> 00:04:35,440
Speaker 1: took like three months of three throw trip. You were

94
00:04:35,440 --> 00:04:38,200
Speaker 1: like twenties, like twenty two two, Okay, Yeah, Like that's.

95
00:04:38,040 --> 00:04:39,640
Speaker 2: The kind of thing you do very early on before

96
00:04:39,680 --> 00:04:42,840
Speaker 2: you have early responsibilities, before your prefrontal cortex. It's fully

97
00:04:42,880 --> 00:04:45,680
Speaker 2: that's right, Yeah, that's right. Pretty sure yours didn't fully

98
00:04:45,680 --> 00:04:47,160
Speaker 2: close up until you were twenty five. It was at

99
00:04:47,240 --> 00:04:49,159
Speaker 2: least twenty five. That was definitely the case with me.

100
00:04:49,480 --> 00:04:51,640
Speaker 2: But yeah, but within your actual working career, when you

101
00:04:51,720 --> 00:04:56,080
Speaker 2: had responsibilities and goals and financial goals and things that

102
00:04:56,120 --> 00:04:59,120
Speaker 2: you were trying to achieve in your life. Right, Similarly,

103
00:04:59,240 --> 00:05:01,800
Speaker 2: I'd never done something like that. And on a similar note,

104
00:05:01,800 --> 00:05:04,440
Speaker 2: I'll say I'm thankful for our ability, not yes, that

105
00:05:04,520 --> 00:05:06,400
Speaker 2: was awesome over the summer, for sure, but even something

106
00:05:06,400 --> 00:05:09,560
Speaker 2: as simple as the week this episode comes out. We

107
00:05:09,640 --> 00:05:13,000
Speaker 2: recorded this last week, and the ability to take this

108
00:05:13,160 --> 00:05:16,200
Speaker 2: entire Thanksgiving week off man, So thankful for that, to

109
00:05:16,200 --> 00:05:19,640
Speaker 2: be able to spend time again with families. Kids aren't

110
00:05:19,600 --> 00:05:20,760
Speaker 2: in school, so to be able to spend some of

111
00:05:20,760 --> 00:05:23,119
Speaker 2: that quality time with even with them, not even doing

112
00:05:23,120 --> 00:05:26,280
Speaker 2: the Thanksgiving stuff, but even just some of the some

113
00:05:26,320 --> 00:05:28,719
Speaker 2: of the stuff sometimes you forget, right, like with daylight

114
00:05:28,720 --> 00:05:30,560
Speaker 2: savings having changed, Like I was just talking to my

115
00:05:30,600 --> 00:05:33,719
Speaker 2: little dude yesterday, It's like, man, it stinks because now

116
00:05:33,960 --> 00:05:35,600
Speaker 2: if there's something going on at school, by the time

117
00:05:35,600 --> 00:05:37,400
Speaker 2: you get home, it's already dark outside. We can't go

118
00:05:37,440 --> 00:05:40,360
Speaker 2: outside through the frisbee. That's something that we can do

119
00:05:40,720 --> 00:05:43,359
Speaker 2: on a Monday, on a Tuesday before traveling off to

120
00:05:43,360 --> 00:05:45,000
Speaker 2: see family. You know, we got a lot to be

121
00:05:45,000 --> 00:05:45,440
Speaker 2: thankful for.

122
00:05:45,520 --> 00:05:48,039
Speaker 1: Yeah, absolutely, all right, So shall we get into the

123
00:05:48,600 --> 00:05:51,160
Speaker 1: listener list you and to kick it off with Sarah?

124
00:05:51,200 --> 00:05:51,680
Speaker 2: Sure? All right.

125
00:05:51,760 --> 00:05:53,880
Speaker 1: So Sarah wrote in she said, I'm grateful for the

126
00:05:53,920 --> 00:05:57,440
Speaker 1: savings that I have while I'm furloughed by the government.

127
00:05:57,480 --> 00:06:01,279
Speaker 1: And so she wrote this, of course, while the government

128
00:06:01,360 --> 00:06:03,080
Speaker 1: was shut down like a week.

129
00:06:02,880 --> 00:06:04,080
Speaker 2: And a half ago or something like that.

130
00:06:04,440 --> 00:06:08,000
Speaker 1: And Sarah, I'm so glad you were prepared for the

131
00:06:08,040 --> 00:06:12,000
Speaker 1: longest government shut down in history. There was so much

132
00:06:12,000 --> 00:06:14,080
Speaker 1: anxiety map for so many folks over the course of

133
00:06:14,080 --> 00:06:14,520
Speaker 1: the shutdown.

134
00:06:14,520 --> 00:06:15,200
Speaker 2: It was like six weeks.

135
00:06:15,279 --> 00:06:18,719
Speaker 1: Think about being an inner traffic controller called into work

136
00:06:19,080 --> 00:06:22,839
Speaker 1: and not getting paid. That's gonna be frustrating, like I

137
00:06:22,839 --> 00:06:25,360
Speaker 1: would be. I'd have a tough time with that, And

138
00:06:25,880 --> 00:06:29,040
Speaker 1: especially at this point, given how our politicians tend to

139
00:06:29,040 --> 00:06:32,479
Speaker 1: act in these situations, there's just no other reasonable way forward.

140
00:06:32,480 --> 00:06:34,479
Speaker 1: I don't think for government workers, or really for anyone.

141
00:06:34,600 --> 00:06:36,680
Speaker 1: We want all how the money listeners to be prepared

142
00:06:36,960 --> 00:06:39,920
Speaker 1: with liquid cash and a bare bones budget. Those two

143
00:06:39,920 --> 00:06:43,000
Speaker 1: things simultaneously could be a big help if tough times

144
00:06:43,040 --> 00:06:45,080
Speaker 1: come along. So Sarah, I'm so glad you didn't have

145
00:06:45,120 --> 00:06:47,159
Speaker 1: to worry and fret. And then that's what a great

146
00:06:47,160 --> 00:06:47,839
Speaker 1: thing to be thankful for.

147
00:06:48,000 --> 00:06:50,120
Speaker 2: Absolutely, And so I think what I'm going to do

148
00:06:50,160 --> 00:06:53,840
Speaker 2: here too, is that some listeners didn't say necessarily why

149
00:06:54,680 --> 00:06:57,240
Speaker 2: they are thankful for the things that they mentioned. But

150
00:06:57,320 --> 00:06:59,560
Speaker 2: like in her case, I'm sure it was stressed, right.

151
00:06:59,600 --> 00:07:02,720
Speaker 2: It wasn't frustration of not getting paid, but stress and

152
00:07:02,760 --> 00:07:05,520
Speaker 2: being afraid that, oh my gosh, we might have to

153
00:07:05,520 --> 00:07:07,600
Speaker 2: go into debt. Like we don't normally spend on our

154
00:07:07,640 --> 00:07:10,800
Speaker 2: credit cards, We normally don't carry a balance from month

155
00:07:10,840 --> 00:07:12,640
Speaker 2: to month. And this was an instance, with a shutdown

156
00:07:12,680 --> 00:07:16,000
Speaker 2: that literally would have actually rolled into that statement, and

157
00:07:16,040 --> 00:07:19,040
Speaker 2: so the ability to avoid that kind of stress, Oh

158
00:07:19,040 --> 00:07:22,000
Speaker 2: my gosh it maybe she would have been even tempted

159
00:07:22,040 --> 00:07:23,800
Speaker 2: to take on another job, and that's not something that

160
00:07:23,840 --> 00:07:26,000
Speaker 2: she had to do because of the fact she was

161
00:07:26,000 --> 00:07:29,920
Speaker 2: able to tap her emergency fund. Greg wrote getting to

162
00:07:29,960 --> 00:07:33,360
Speaker 2: do a monthly budget with my spouse number two hundred

163
00:07:33,400 --> 00:07:36,680
Speaker 2: and five tonight. We started back in September of two

164
00:07:36,720 --> 00:07:40,400
Speaker 2: thousand and eight and we haven't missed one yet. I specifically,

165
00:07:40,560 --> 00:07:42,640
Speaker 2: I really love this and I want to highlight the

166
00:07:42,640 --> 00:07:44,920
Speaker 2: fact a man after your own heart. Yes, well, and

167
00:07:44,960 --> 00:07:47,040
Speaker 2: he said that he gets to do this like getting

168
00:07:47,120 --> 00:07:50,040
Speaker 2: to do a monthly budget. What that tells me is

169
00:07:50,040 --> 00:07:52,920
Speaker 2: that he like, why is he pumped that he's able

170
00:07:52,960 --> 00:07:54,840
Speaker 2: to do that well? Because he gets to work as

171
00:07:54,880 --> 00:07:57,080
Speaker 2: a team with his wife. The fact that they have

172
00:07:57,120 --> 00:08:00,520
Speaker 2: a shared vision, the fact that they probably have shared goals,

173
00:08:00,560 --> 00:08:02,760
Speaker 2: and to be able to have such great communication like

174
00:08:02,800 --> 00:08:05,520
Speaker 2: that with your partner, that is amazing. Like, I'm thankful

175
00:08:05,520 --> 00:08:07,560
Speaker 2: for my wife that I'm able to do something really

176
00:08:07,600 --> 00:08:11,320
Speaker 2: similar where we are. It's a more collaborative sort of

177
00:08:11,760 --> 00:08:15,120
Speaker 2: approach to our finances as opposed to one feeling like

178
00:08:15,840 --> 00:08:17,200
Speaker 2: all they want to do is spend and the other

179
00:08:17,240 --> 00:08:20,040
Speaker 2: one feeling like all they want to do is save, right, Like,

180
00:08:20,080 --> 00:08:22,280
Speaker 2: which I know that's the dynamic with some folks, but

181
00:08:22,360 --> 00:08:25,040
Speaker 2: being able to talk about that by planning out with

182
00:08:25,120 --> 00:08:26,600
Speaker 2: a budget, that's huge, I think.

183
00:08:26,640 --> 00:08:29,760
Speaker 1: I think it also just shows that consistency is clutch, right,

184
00:08:29,800 --> 00:08:33,559
Speaker 1: and doing something with regularity over a long period of time,

185
00:08:34,000 --> 00:08:36,520
Speaker 1: like you're gonna get where you're trying to go. And

186
00:08:36,559 --> 00:08:39,600
Speaker 1: if you're like you're doing it halfway here and there

187
00:08:39,600 --> 00:08:41,280
Speaker 1: and you're like, eh, maybe we'll meet this month, maybe

188
00:08:41,320 --> 00:08:43,920
Speaker 1: we won't, you're just not going to have that focus

189
00:08:44,120 --> 00:08:47,040
Speaker 1: really matters. And so I'm sure that Greg, having done

190
00:08:47,040 --> 00:08:51,640
Speaker 1: this for seventeen years, that's gonna Yeah, that's gonna.

191
00:08:51,520 --> 00:08:53,760
Speaker 2: Make a big difference in his ability to achieve those

192
00:08:53,800 --> 00:08:59,560
Speaker 2: goals with his spouse. Compounding budgeting returns, Yeah that's not

193
00:08:59,600 --> 00:09:01,760
Speaker 2: really a thing, but I'm sure that's what he's experienced.

194
00:09:01,880 --> 00:09:04,920
Speaker 1: Like, yeah, exactly, all right. Carly said, we needed a

195
00:09:04,920 --> 00:09:06,839
Speaker 1: bigger house, but we lived in a high cost of

196
00:09:06,880 --> 00:09:09,000
Speaker 1: living area. So we sold our house, paid off what

197
00:09:09,080 --> 00:09:11,240
Speaker 1: little debt we had, and moved to another state where

198
00:09:11,280 --> 00:09:13,520
Speaker 1: the cost of living is cheaper, and we got our

199
00:09:13,640 --> 00:09:15,960
Speaker 1: dream fixer upper. We're debt free, and we cut our

200
00:09:15,960 --> 00:09:19,240
Speaker 1: insurance premiums by fifty percent by my husband taking a

201
00:09:19,280 --> 00:09:19,800
Speaker 1: different job.

202
00:09:19,880 --> 00:09:23,840
Speaker 2: Dude, this is such a baller move, right, like doing

203
00:09:23,880 --> 00:09:27,199
Speaker 2: something that extreme. I mean, generally speaking, Americans are moving

204
00:09:27,400 --> 00:09:30,680
Speaker 2: for opportunity at a lower rate than the historical average.

205
00:09:30,720 --> 00:09:32,240
Speaker 2: But it can just be such a great way to

206
00:09:32,280 --> 00:09:36,360
Speaker 2: massively shift your personal finances. And in large part because

207
00:09:36,640 --> 00:09:39,080
Speaker 2: oftentimes we think of just moving the money around the

208
00:09:39,080 --> 00:09:41,120
Speaker 2: margins as how it is we can save money and

209
00:09:41,160 --> 00:09:43,280
Speaker 2: get ahead. But I think it's worth considering something like this,

210
00:09:43,320 --> 00:09:47,679
Speaker 2: something more drastic, because it can be just so substantive

211
00:09:48,040 --> 00:09:50,880
Speaker 2: in allowing you to eradicate debt and just live the

212
00:09:50,880 --> 00:09:53,040
Speaker 2: life you want. So Carly way to be debt free

213
00:09:53,200 --> 00:09:55,440
Speaker 2: while still finding a way to own your own home too. Right,

214
00:09:55,480 --> 00:09:57,360
Speaker 2: the fact that they were able to find a fixer upper,

215
00:09:57,480 --> 00:10:00,720
Speaker 2: there's something about creating the the kind of home that

216
00:10:00,760 --> 00:10:03,320
Speaker 2: you want to live in as well, which reading between

217
00:10:03,320 --> 00:10:05,080
Speaker 2: the lines here a little bit, but it sounds like

218
00:10:05,080 --> 00:10:05,960
Speaker 2: she was able to do that.

219
00:10:06,080 --> 00:10:08,320
Speaker 1: I think it's just so easy to assume that you

220
00:10:08,400 --> 00:10:10,360
Speaker 1: have to keep doing things the way you've been doing them.

221
00:10:10,440 --> 00:10:12,120
Speaker 1: You're like, oh, well, this is the city we live

222
00:10:12,120 --> 00:10:14,640
Speaker 1: in and this is the hand we've been dealt. And

223
00:10:14,760 --> 00:10:16,559
Speaker 1: Carly and her family are like, now we can make

224
00:10:16,600 --> 00:10:18,560
Speaker 1: a really big different decision. And guess what, They've got

225
00:10:18,559 --> 00:10:21,920
Speaker 1: a lot less debt now they have they could probably

226
00:10:21,960 --> 00:10:24,280
Speaker 1: have a lot more optionality, I would assume in the

227
00:10:24,320 --> 00:10:26,320
Speaker 1: coming years for the work they want to do, if

228
00:10:26,360 --> 00:10:28,040
Speaker 1: they want to work at all, which is which is

229
00:10:28,040 --> 00:10:28,520
Speaker 1: really cool.

230
00:10:28,600 --> 00:10:30,480
Speaker 2: So yeah, well I wanted to mention this as well.

231
00:10:30,520 --> 00:10:34,079
Speaker 2: Her stated thankfulness she was thankful for was the bigger house, right,

232
00:10:34,360 --> 00:10:36,760
Speaker 2: But why is she thankful for that bigger house? And again,

233
00:10:36,760 --> 00:10:38,640
Speaker 2: I'm want to continue to maybe read into this more

234
00:10:38,679 --> 00:10:41,800
Speaker 2: than maybe I should. But I'm assuming maybe they've got

235
00:10:41,800 --> 00:10:43,880
Speaker 2: a growing family. Maybe they've got a bunch of kids

236
00:10:43,960 --> 00:10:47,280
Speaker 2: and the kids were shared bedrooms and or meet or

237
00:10:47,360 --> 00:10:49,320
Speaker 2: just even the ability to have a bigger place, to

238
00:10:49,320 --> 00:10:52,280
Speaker 2: be able to host your family, to host friends, the

239
00:10:52,320 --> 00:10:55,800
Speaker 2: ability to expand your social network. Some these are all

240
00:10:55,880 --> 00:10:58,000
Speaker 2: reasons to be able to move somewhere where you can

241
00:10:58,040 --> 00:11:01,719
Speaker 2: have a bigger house a little bit more. Maybe, or

242
00:11:01,760 --> 00:11:05,720
Speaker 2: maybe they're not into having friends and family over. But

243
00:11:05,760 --> 00:11:08,880
Speaker 2: maybe they're really they're hardcore entrepreneurs and they want to

244
00:11:08,920 --> 00:11:12,400
Speaker 2: both have offices in their own home and the ability

245
00:11:12,520 --> 00:11:15,600
Speaker 2: to I don't know, launch things like that out of there.

246
00:11:15,280 --> 00:11:18,320
Speaker 2: There are so many different reasons why having a bigger

247
00:11:18,360 --> 00:11:22,800
Speaker 2: place could lead to a higher standard of living for someone. Specifically,

248
00:11:22,880 --> 00:11:23,160
Speaker 2: if the.

249
00:11:23,160 --> 00:11:24,920
Speaker 1: Choice was well, let's add onto the home where we

250
00:11:24,920 --> 00:11:29,640
Speaker 1: currently are, that could be incredibly expensive right in, especially

251
00:11:29,679 --> 00:11:32,280
Speaker 1: in a high cost of living area, you might be

252
00:11:32,280 --> 00:11:35,600
Speaker 1: in debt for that renovation for many, many, many years

253
00:11:35,679 --> 00:11:37,920
Speaker 1: to come, and that puts you in a precarious spot

254
00:11:37,920 --> 00:11:40,200
Speaker 1: where you have to keep working maybe more hours than

255
00:11:40,240 --> 00:11:42,400
Speaker 1: you want, to keep communing in a way that you

256
00:11:42,440 --> 00:11:45,600
Speaker 1: weren't down with, and so making a complete lifestyle change

257
00:11:45,600 --> 00:11:47,920
Speaker 1: like this. It's not for everyone, but I'm glad that

258
00:11:47,960 --> 00:11:49,360
Speaker 1: Carly and her family did it. Sounds like it was

259
00:11:49,360 --> 00:11:49,640
Speaker 1: for them.

260
00:11:49,640 --> 00:11:51,520
Speaker 2: I think it's Yeah, it's great for folks to hear

261
00:11:51,600 --> 00:11:54,440
Speaker 2: that something like that is possible. Actually, Brian over on

262
00:11:54,480 --> 00:11:58,400
Speaker 2: Instagram he said something similar. He basically described how they

263
00:11:58,600 --> 00:12:01,320
Speaker 2: or he cut to the bone. He invested super aggressively

264
00:12:02,320 --> 00:12:05,240
Speaker 2: years of hard work and preparation in order to achieve

265
00:12:05,320 --> 00:12:09,240
Speaker 2: his dream of being a first time homeowner and I'm

266
00:12:09,240 --> 00:12:10,800
Speaker 2: not going to read into this one. Maybe sometimes you

267
00:12:10,840 --> 00:12:13,240
Speaker 2: just want to, oh need the tea leaves, Matt. Sometimes

268
00:12:13,320 --> 00:12:15,120
Speaker 2: you just want to own your own place. Yeah, sometimes

269
00:12:15,200 --> 00:12:16,880
Speaker 2: you want to be able to control your destiny a

270
00:12:16,920 --> 00:12:19,040
Speaker 2: little bit more than you otherwise would be able to

271
00:12:19,080 --> 00:12:21,640
Speaker 2: if you were just renting. So and the props to you, Brian.

272
00:12:21,679 --> 00:12:24,640
Speaker 1: So we've talked about how renting is cheaper and almost

273
00:12:24,640 --> 00:12:26,559
Speaker 1: everywhere in the country right now than buying. But I

274
00:12:26,600 --> 00:12:28,960
Speaker 1: will say too, I had some friends recently who are

275
00:12:28,960 --> 00:12:32,559
Speaker 1: renters and their landlord was selling the house and they

276
00:12:32,559 --> 00:12:35,160
Speaker 1: had to leave, And so that is the downside of renting.

277
00:12:35,200 --> 00:12:37,040
Speaker 1: If you really really want to stay somewhere and put

278
00:12:37,040 --> 00:12:39,000
Speaker 1: down roots in the community, that is a good reason

279
00:12:39,040 --> 00:12:42,000
Speaker 1: to buy, even if it's not like the smartest money

280
00:12:42,080 --> 00:12:45,319
Speaker 1: move at this exact moment in time and people find

281
00:12:45,360 --> 00:12:47,440
Speaker 1: themselves there's that kind of clock the stick and like,

282
00:12:47,480 --> 00:12:48,880
Speaker 1: I want to own my own home and that makes

283
00:12:48,880 --> 00:12:50,640
Speaker 1: sense too. So Brian, glad you were able to pull

284
00:12:50,679 --> 00:12:51,040
Speaker 1: that off.

285
00:12:51,040 --> 00:12:51,240
Speaker 2: Man.

286
00:12:51,480 --> 00:12:53,640
Speaker 1: Let's get to another one from Cassie in who said

287
00:12:53,800 --> 00:12:57,800
Speaker 1: my fiance needed a vehicle after his died. A looked

288
00:12:57,840 --> 00:12:59,920
Speaker 1: at used anew but the costs were used was minim

289
00:13:00,320 --> 00:13:02,280
Speaker 1: in savings, and I've been saving up for a bit.

290
00:13:02,320 --> 00:13:04,600
Speaker 1: Now I was able to purchase a new twenty twenty

291
00:13:04,600 --> 00:13:06,720
Speaker 1: five vehicle and pay it off in less than three months,

292
00:13:06,920 --> 00:13:08,320
Speaker 1: and I'm back to being debt free.

293
00:13:08,360 --> 00:13:10,400
Speaker 2: I like it, Dang, I like it so much.

294
00:13:10,520 --> 00:13:12,320
Speaker 1: Yeah, Like this is the exact opposite of like the

295
00:13:12,400 --> 00:13:14,320
Speaker 1: seven year loans that you and I've been talking about

296
00:13:14,400 --> 00:13:15,120
Speaker 1: three months.

297
00:13:15,240 --> 00:13:17,880
Speaker 2: Yeah. Yeah, Well, what this points to is the fact

298
00:13:17,960 --> 00:13:22,080
Speaker 2: that this is something that Cassian saved up for, yes,

299
00:13:22,320 --> 00:13:25,319
Speaker 2: and they had a goal of like they knew it

300
00:13:25,360 --> 00:13:27,480
Speaker 2: sounded like they knew that this is something that was

301
00:13:27,600 --> 00:13:29,959
Speaker 2: on the horizon, right, And so there's such a difference

302
00:13:30,040 --> 00:13:33,920
Speaker 2: in getting this massive car loan that feels like it's

303
00:13:33,960 --> 00:13:36,480
Speaker 2: completely out of control, that's just dragging you behind it

304
00:13:37,120 --> 00:13:39,360
Speaker 2: and you're just constantly trying to catch up to it,

305
00:13:39,400 --> 00:13:42,120
Speaker 2: as opposed to you being at the helm, like you

306
00:13:42,640 --> 00:13:44,480
Speaker 2: being at the wheel of the ship and deciding where

307
00:13:44,520 --> 00:13:46,240
Speaker 2: it is your dollars are going to go. Like, that's

308
00:13:46,280 --> 00:13:48,800
Speaker 2: the difference here, and that's that's just what looking ahead

309
00:13:48,840 --> 00:13:51,120
Speaker 2: and having a proper plan allows you to do. Agree.

310
00:13:51,160 --> 00:13:51,960
Speaker 2: I love that so much.

311
00:13:52,000 --> 00:13:54,719
Speaker 1: I think that's totally a win. Something to be grateful for.

312
00:13:55,040 --> 00:13:57,080
Speaker 1: Nicole said, we saved three hundred bucks a month for

313
00:13:57,200 --> 00:13:59,520
Speaker 1: three years for a trip to Finland.

314
00:13:59,520 --> 00:13:59,840
Speaker 2: We went on.

315
00:14:00,559 --> 00:14:03,280
Speaker 1: We flew business class, and we didn't worry about money

316
00:14:03,320 --> 00:14:06,240
Speaker 1: the entire trip, and that's fancy. Still never flown business

317
00:14:06,240 --> 00:14:09,480
Speaker 1: class someday, maybe before finding this podcast, we would have

318
00:14:09,640 --> 00:14:12,000
Speaker 1: just charged it and worried about it when we got home.

319
00:14:12,360 --> 00:14:13,640
Speaker 1: Thank you for the life changing advice.

320
00:14:13,760 --> 00:14:15,600
Speaker 2: This is this is so similar to Cassie and right,

321
00:14:15,640 --> 00:14:18,080
Speaker 2: like this is kind of a although yeah, I mean yeah,

322
00:14:18,080 --> 00:14:19,880
Speaker 2: I would say this is very similar. It's knowing that

323
00:14:19,920 --> 00:14:22,720
Speaker 2: this is something that's on the horizon, preparing for it.

324
00:14:22,880 --> 00:14:24,920
Speaker 2: In one case, one might feel a little bit more

325
00:14:24,960 --> 00:14:27,840
Speaker 2: necessary your transportation, but I'm also going to say that

326
00:14:27,880 --> 00:14:31,800
Speaker 2: a brand new way to get yourself around isn't you know,

327
00:14:31,840 --> 00:14:34,240
Speaker 2: quote unquote necessary thing. In the same way that someone

328
00:14:34,240 --> 00:14:36,680
Speaker 2: would say that, well, travel's not necessary, but I don't know,

329
00:14:36,720 --> 00:14:39,000
Speaker 2: to Nicole, she might say, yeah, well now this is important.

330
00:14:39,040 --> 00:14:41,960
Speaker 2: And that's the thing, like, whatever it is, if something's

331
00:14:42,000 --> 00:14:44,160
Speaker 2: important to you, make sure that you are socking the

332
00:14:44,160 --> 00:14:46,640
Speaker 2: dollars away to in order to achieve that goal.

333
00:14:46,720 --> 00:14:49,120
Speaker 1: And I feel like it contributes to the enjoyment of

334
00:14:49,160 --> 00:14:49,560
Speaker 1: the trip.

335
00:14:49,920 --> 00:14:50,120
Speaker 2: One.

336
00:14:50,240 --> 00:14:52,760
Speaker 1: There's something about planning ahead for a long period of time,

337
00:14:52,840 --> 00:14:55,440
Speaker 1: like looking forward to a trip for is one of

338
00:14:55,480 --> 00:14:57,360
Speaker 1: the We've talked to Scott Kay's about this is one

339
00:14:57,400 --> 00:14:58,600
Speaker 1: of the best parts of the trip. You get to

340
00:14:58,640 --> 00:15:00,480
Speaker 1: plan and think about it and like be like, oh man,

341
00:15:00,480 --> 00:15:02,680
Speaker 1: that's coming up. That's how I feel about concerts, Matt.

342
00:15:02,680 --> 00:15:04,240
Speaker 1: I've got a few concerts on the book for next

343
00:15:04,320 --> 00:15:06,200
Speaker 1: year and I'm like, can't wait for that thing. I'm

344
00:15:06,200 --> 00:15:08,520
Speaker 1: so stoked. And the same thing is true of trips

345
00:15:08,520 --> 00:15:11,160
Speaker 1: and for planning, and then on the back end there

346
00:15:11,200 --> 00:15:13,360
Speaker 1: is just none of that angst or anxiety being like.

347
00:15:13,320 --> 00:15:15,880
Speaker 2: Oh man, how much do we owe? How much do

348
00:15:15,960 --> 00:15:17,080
Speaker 2: we spend? Do we overdo it?

349
00:15:17,360 --> 00:15:19,680
Speaker 1: Knowing that you have the money set aside is clutch

350
00:15:19,760 --> 00:15:22,560
Speaker 1: as opposed to yeah, putting that on credit cards, getting

351
00:15:22,560 --> 00:15:26,360
Speaker 1: stuck with a twenty two percent interest rate on nothing. Yeah,

352
00:15:26,400 --> 00:15:28,680
Speaker 1: the trip costs me even more than financially. It's just

353
00:15:28,720 --> 00:15:29,960
Speaker 1: even it's gonna cost you even more.

354
00:15:30,080 --> 00:15:30,640
Speaker 2: Let's be honest.

355
00:15:30,640 --> 00:15:33,720
Speaker 1: Traveling with Scandinavia ain't cheap because I think even like

356
00:15:33,920 --> 00:15:36,560
Speaker 1: a happy meal, there's like twenty two dollars or something. Yeah,

357
00:15:36,760 --> 00:15:38,320
Speaker 1: you think you think food prices are bad here in

358
00:15:38,360 --> 00:15:41,440
Speaker 1: the US, guys, you just hold on, Okay, Sarah wrote

359
00:15:41,680 --> 00:15:45,240
Speaker 1: cash following my daughter's first three semesters of college and

360
00:15:45,320 --> 00:15:48,000
Speaker 1: having more available in savings.

361
00:15:47,520 --> 00:15:50,440
Speaker 2: For upcoming semesters. I think this is awesome the fact

362
00:15:50,480 --> 00:15:52,560
Speaker 2: that this is a goal of your Sarah, this was

363
00:15:52,600 --> 00:15:54,480
Speaker 2: something that you wanted to achieve, and I'm so glad

364
00:15:54,480 --> 00:15:56,400
Speaker 2: that you were able to achieve that. I think there's

365
00:15:56,600 --> 00:16:02,360
Speaker 2: a beautiful thing. And I think also simultaneously making sure

366
00:16:02,400 --> 00:16:06,280
Speaker 2: that you are encouraging your daughter to maybe find ways

367
00:16:06,320 --> 00:16:09,600
Speaker 2: to lower the cost of school, right like applying for scholarships,

368
00:16:10,400 --> 00:16:12,880
Speaker 2: an on campus job, becoming an ra, different things like that.

369
00:16:12,880 --> 00:16:15,320
Speaker 2: These are already conversations I've already started with my seventh grader.

370
00:16:15,840 --> 00:16:17,640
Speaker 2: She's like, Okay, how much does college cost? How do

371
00:16:17,680 --> 00:16:20,600
Speaker 2: scholarships work? They just give you that money. I'm like, yeah, yeah,

372
00:16:20,600 --> 00:16:22,960
Speaker 2: this is how this works. You have to earn it,

373
00:16:23,160 --> 00:16:25,520
Speaker 2: like you know, just give it to you for free.

374
00:16:25,800 --> 00:16:27,840
Speaker 2: So I mean, I was like, sometimes there are scholarships

375
00:16:27,880 --> 00:16:29,640
Speaker 2: out there and you got to write an essay, but

376
00:16:29,720 --> 00:16:31,960
Speaker 2: if very few people know about it, there's not a

377
00:16:31,960 --> 00:16:33,800
Speaker 2: whole lot of competition. So you could get that one

378
00:16:33,880 --> 00:16:38,360
Speaker 2: year after year. Just helping our kids to understand how

379
00:16:38,600 --> 00:16:41,160
Speaker 2: scholarships work. I think that's a good conversation to have.

380
00:16:41,360 --> 00:16:42,960
Speaker 2: I did work study when I was at school. I

381
00:16:43,000 --> 00:16:43,560
Speaker 2: was also an RA.

382
00:16:43,840 --> 00:16:45,440
Speaker 1: I don't think I was a good ra MAP, but

383
00:16:45,480 --> 00:16:47,480
Speaker 1: I was an RA and I still got like the

384
00:16:47,520 --> 00:16:51,280
Speaker 1: thousands of dollars credit towards housing, So it was nice.

385
00:16:51,400 --> 00:16:53,680
Speaker 1: It was worth the effort. Although I don't know if

386
00:16:53,720 --> 00:16:55,600
Speaker 1: they liked having me or not, but I did it

387
00:16:55,680 --> 00:16:58,720
Speaker 1: all right. So Isabella on Instagram said, I'm thankful for

388
00:16:58,800 --> 00:17:01,640
Speaker 1: the good relationship we have with our landlord because they're

389
00:17:01,680 --> 00:17:04,000
Speaker 1: now allowing us to lease month to month without any

390
00:17:04,000 --> 00:17:06,199
Speaker 1: rent increase. This is going to allow us to have

391
00:17:06,240 --> 00:17:08,840
Speaker 1: patience when we begin searching to buy a home next year.

392
00:17:08,960 --> 00:17:10,600
Speaker 1: We're not going to feel rushed and we can wait

393
00:17:10,600 --> 00:17:12,800
Speaker 1: for the right home when it comes. I'm very glad

394
00:17:12,840 --> 00:17:15,480
Speaker 1: we switched from a large apartment complex to a nice

395
00:17:15,480 --> 00:17:17,439
Speaker 1: little lady who owns a few properties.

396
00:17:17,800 --> 00:17:18,200
Speaker 2: Love it.

397
00:17:18,359 --> 00:17:20,639
Speaker 1: We talk about mom and pop landlords regularly and not

398
00:17:20,880 --> 00:17:23,000
Speaker 1: they are not all created equal. I want to stress

399
00:17:23,040 --> 00:17:25,639
Speaker 1: that just because it's a small local landlord does not

400
00:17:25,760 --> 00:17:29,520
Speaker 1: mean they are going to be awesome or easy to

401
00:17:29,560 --> 00:17:33,040
Speaker 1: work with or repair things in a timely manner. But

402
00:17:33,240 --> 00:17:36,040
Speaker 1: if you can find a good one, like think of

403
00:17:36,400 --> 00:17:39,000
Speaker 1: if you're a tenant, think of like, I'm interviewing this

404
00:17:39,040 --> 00:17:40,879
Speaker 1: person as much as they're interviewing me. Do I want

405
00:17:40,920 --> 00:17:42,679
Speaker 1: to live in their house? Do I think they're trustworthy?

406
00:17:42,680 --> 00:17:44,280
Speaker 1: Do I think they're going to take care of things

407
00:17:44,320 --> 00:17:48,720
Speaker 1: that If not, I'm consider opting dude move somewhere else

408
00:17:49,359 --> 00:17:52,240
Speaker 1: or thinking about a different place to live. But that's

409
00:17:52,560 --> 00:17:55,359
Speaker 1: that's really cool that Isabella was able to have that

410
00:17:55,880 --> 00:17:58,840
Speaker 1: a personal enough relationship where she could ask for these

411
00:17:58,880 --> 00:18:01,440
Speaker 1: things and make it of a beneficial win win. She's

412
00:18:01,480 --> 00:18:03,640
Speaker 1: going to stay in the home longer, but it allows

413
00:18:03,680 --> 00:18:06,480
Speaker 1: her the opportunity to shop over a longer period of time.

414
00:18:06,600 --> 00:18:10,200
Speaker 2: Yeah, exactly. That flexibility, man Like, that is hard. It's

415
00:18:10,240 --> 00:18:14,560
Speaker 2: hard to quantify that flexibility and the options that is

416
00:18:14,560 --> 00:18:16,840
Speaker 2: going to give Isabella, right, like the ability to be

417
00:18:16,920 --> 00:18:19,840
Speaker 2: patient while looking for a home that she wants to buy,

418
00:18:19,880 --> 00:18:23,160
Speaker 2: as opposed to feeling a bit rush and feeling like, Okay,

419
00:18:23,160 --> 00:18:24,920
Speaker 2: well we're going to do this thing that it might

420
00:18:25,040 --> 00:18:27,359
Speaker 2: end up. You know, if you're a bit rush, maybe

421
00:18:27,400 --> 00:18:30,879
Speaker 2: you don't make the best decision from a numbers and

422
00:18:30,960 --> 00:18:34,000
Speaker 2: not even not only numbers, but even from a lifestyle standpoint.

423
00:18:34,080 --> 00:18:36,760
Speaker 2: But I think that just buys her more time to

424
00:18:36,840 --> 00:18:39,000
Speaker 2: keep an eye on rates because they might be dropping.

425
00:18:39,520 --> 00:18:41,399
Speaker 2: We have seen them drop, but we'll see if they

426
00:18:41,400 --> 00:18:44,240
Speaker 2: continue to. There's more opportunity out there for buyers to

427
00:18:44,240 --> 00:18:47,000
Speaker 2: get a deal if you continue to wait. I mean,

428
00:18:47,240 --> 00:18:49,440
Speaker 2: especially if you can take some of the emotion out

429
00:18:49,480 --> 00:18:52,160
Speaker 2: of it. And I think having some flexibility, being able

430
00:18:52,160 --> 00:18:54,920
Speaker 2: to rent months and months, that is one great way

431
00:18:54,960 --> 00:18:57,600
Speaker 2: to remove some of that emotion out of this decision.

432
00:18:57,640 --> 00:19:00,600
Speaker 1: There's no like ticking timeline where we got to make

433
00:19:00,600 --> 00:19:02,280
Speaker 1: it up. We got to be out of here by

434
00:19:02,359 --> 00:19:04,400
Speaker 1: you know, the end of January. So if we don't

435
00:19:04,440 --> 00:19:07,440
Speaker 1: have a place that we have to sign another lease

436
00:19:07,520 --> 00:19:09,320
Speaker 1: or something like that, that'd be so stressful. So the

437
00:19:09,359 --> 00:19:13,359
Speaker 1: fact that you have kind of no fixed end timeline,

438
00:19:13,640 --> 00:19:15,879
Speaker 1: you really can be picky about the place you want

439
00:19:15,920 --> 00:19:18,159
Speaker 1: and wait for the right spot to open up. And

440
00:19:18,920 --> 00:19:20,840
Speaker 1: it's getting you more time to save in the meantime

441
00:19:20,880 --> 00:19:23,680
Speaker 1: as well. So Kesley done, Isabella, are we got more

442
00:19:23,800 --> 00:19:28,440
Speaker 1: of your grateful money wins this year? We get to

443
00:19:28,520 --> 00:19:29,640
Speaker 1: that and more right after this.

444
00:19:37,359 --> 00:19:38,960
Speaker 2: All right, man, we are back for the break and

445
00:19:39,000 --> 00:19:41,640
Speaker 2: normally on a Friday flight. Right after that, right after

446
00:19:41,640 --> 00:19:43,600
Speaker 2: that break is when we get to the ludicrous headline

447
00:19:43,600 --> 00:19:45,639
Speaker 2: of the week, which we're not going to do this

448
00:19:45,680 --> 00:19:49,119
Speaker 2: week against the spirit of this episode. Yeah exactly. So, uh,

449
00:19:49,560 --> 00:19:52,040
Speaker 2: we've only got good news for folks today, so we'll

450
00:19:52,119 --> 00:19:56,000
Speaker 2: keep moving. Let's hear from Arden and this isn't a

451
00:19:56,040 --> 00:19:58,120
Speaker 2: voice minimum, I'm just gonna read it, but she wrote,

452
00:19:58,160 --> 00:20:00,639
Speaker 2: I'm thankful that I chose to pay off all my

453
00:20:00,840 --> 00:20:05,280
Speaker 2: student loans. All my classmates are still six figures in debt.

454
00:20:05,480 --> 00:20:09,640
Speaker 2: Holy cow. Okay, so maybe this is a ludicrous headline.

455
00:20:10,480 --> 00:20:13,239
Speaker 2: All my classmates are still six figures in debt, and

456
00:20:13,320 --> 00:20:16,119
Speaker 2: now I get to stay at home with my daughter.

457
00:20:16,760 --> 00:20:19,840
Speaker 2: Best gift I ever gave myself. Dude, Oh my gosh.

458
00:20:19,960 --> 00:20:24,919
Speaker 2: This like these are the bigger, more meaningful aspects of

459
00:20:25,000 --> 00:20:27,160
Speaker 2: life that we're trying to connect some of these smart

460
00:20:27,359 --> 00:20:30,800
Speaker 2: savvy money moves to right like this makes me because

461
00:20:30,800 --> 00:20:33,280
Speaker 2: it again, it's not about the money. It's about what

462
00:20:33,359 --> 00:20:36,040
Speaker 2: that money then allows you to do. How we are

463
00:20:36,080 --> 00:20:40,679
Speaker 2: able to wield our finances to achieve whatever ends it

464
00:20:40,760 --> 00:20:43,480
Speaker 2: is that we want to achieve, and it's hard to

465
00:20:43,520 --> 00:20:45,159
Speaker 2: not think of For me at least, I'm thinking of

466
00:20:45,240 --> 00:20:49,440
Speaker 2: the Harvard Longitudinal Happiness Study. I think it's been going

467
00:20:49,480 --> 00:20:52,240
Speaker 2: on for eighty five years now, and the number one

468
00:20:52,280 --> 00:20:57,360
Speaker 2: factor the researchers attribute to the people who are participating

469
00:20:57,400 --> 00:21:00,640
Speaker 2: in that study that contributes to their health and their

470
00:21:00,640 --> 00:21:05,120
Speaker 2: happiness is the quality of their close relationships. And when

471
00:21:05,200 --> 00:21:07,159
Speaker 2: she says that she gets to stay at home with

472
00:21:07,200 --> 00:21:09,760
Speaker 2: her daughter, I mean, that's the you're hitting the nail

473
00:21:09,760 --> 00:21:11,280
Speaker 2: on the head when it comes to maybe if you

474
00:21:11,320 --> 00:21:14,160
Speaker 2: find a better best friend, you'll be happier. Matt Well,

475
00:21:14,200 --> 00:21:16,720
Speaker 2: I mean that's why our job is so it's so awesome, dude, Like,

476
00:21:16,720 --> 00:21:18,840
Speaker 2: like we have a very close relationship. The ability for

477
00:21:18,920 --> 00:21:22,440
Speaker 2: us to like somehow support our families and do something

478
00:21:22,480 --> 00:21:26,440
Speaker 2: that we enjoy doing while also deepening our personal relationship

479
00:21:26,920 --> 00:21:29,400
Speaker 2: means we're going to be happy and healthy. That's right,

480
00:21:29,440 --> 00:21:31,960
Speaker 2: That's right guaranteed. Otherwise I want my money back.

481
00:21:32,000 --> 00:21:34,040
Speaker 1: Yeah, I think if you're looking at we often talk

482
00:21:34,080 --> 00:21:37,600
Speaker 1: about like productive money goals and things you want to

483
00:21:37,640 --> 00:21:40,000
Speaker 1: achieve when it comes to like saving and investing. But

484
00:21:40,040 --> 00:21:42,520
Speaker 1: then that's what I love about this episode is you

485
00:21:42,560 --> 00:21:44,800
Speaker 1: get to see people say, like I did grade at

486
00:21:44,880 --> 00:21:47,679
Speaker 1: that and now I have optionality and I have used

487
00:21:47,720 --> 00:21:50,440
Speaker 1: it to make a decision that is not productive.

488
00:21:50,680 --> 00:21:53,800
Speaker 2: Actually it's stepping back from a financial standpoint. That's right.

489
00:21:53,840 --> 00:21:54,840
Speaker 2: It's not productive, but it is.

490
00:21:54,800 --> 00:21:57,960
Speaker 1: Productive for like my happiness and living the life I

491
00:21:58,000 --> 00:22:00,560
Speaker 1: want to live. And that's like the balance we're always

492
00:22:00,560 --> 00:22:02,840
Speaker 1: trying to strike you and I as individuals, and then

493
00:22:02,920 --> 00:22:06,520
Speaker 1: we're talking about constantly on the show as well, because

494
00:22:06,720 --> 00:22:09,960
Speaker 1: money touches all these areas of our life. Carl on

495
00:22:10,000 --> 00:22:13,440
Speaker 1: Instagram he was similarly thankful, He said, because he made

496
00:22:13,560 --> 00:22:16,359
Speaker 1: incredible progress at his work. Not only is he maxing

497
00:22:16,359 --> 00:22:19,520
Speaker 1: out retirementcount so he's being very productive. He said, he

498
00:22:19,560 --> 00:22:21,000
Speaker 1: did that for the first time. But he gets to

499
00:22:21,040 --> 00:22:23,120
Speaker 1: manage his own hours and spend more time with his family,

500
00:22:23,200 --> 00:22:25,720
Speaker 1: so he's getting kick the best in both worlds this year.

501
00:22:25,960 --> 00:22:29,040
Speaker 2: Yeah, hard to beat that. Sarah wrote, I'm thankful for

502
00:22:29,080 --> 00:22:32,480
Speaker 2: the brand new implementation of universal early childcare in my

503
00:22:32,560 --> 00:22:35,359
Speaker 2: state of New Mexico. Not only does it relieve a

504
00:22:35,400 --> 00:22:38,119
Speaker 2: lot of financial stress for our family and countless others,

505
00:22:38,119 --> 00:22:40,080
Speaker 2: but it also prompted us to move our kiddo to

506
00:22:40,119 --> 00:22:43,320
Speaker 2: a daycare closer to home, which is saving us an

507
00:22:43,400 --> 00:22:46,040
Speaker 2: hour and a half of rush hour driving each day.

508
00:22:46,600 --> 00:22:50,919
Speaker 2: When when and man, this is first of all policy matters.

509
00:22:50,960 --> 00:22:54,960
Speaker 2: It certainly impacts individuals on a personal level. But I

510
00:22:54,960 --> 00:22:57,320
Speaker 2: think it's just cool. I'm really enjoying focusing on the

511
00:22:57,400 --> 00:23:00,480
Speaker 2: quality life aspect of our episode today. An hour and

512
00:23:00,480 --> 00:23:02,280
Speaker 2: a half every single day that you're not spending in

513
00:23:02,320 --> 00:23:05,440
Speaker 2: the car and stressful bumper to bumper trap. I'm just assuming. Yeah,

514
00:23:05,560 --> 00:23:09,440
Speaker 2: I can hear the horns honking in the background of uh,

515
00:23:09,720 --> 00:23:14,600
Speaker 2: what is it of Sarah posting? And what does that do? Like?

516
00:23:14,640 --> 00:23:16,240
Speaker 2: That gives you more time to be able to sit,

517
00:23:16,680 --> 00:23:20,600
Speaker 2: not all of you in seats facing forward on the

518
00:23:20,640 --> 00:23:23,960
Speaker 2: highway and traffic, but at home, facing each other, engaging,

519
00:23:24,320 --> 00:23:27,560
Speaker 2: engaging with your kiddo, making meals together, eating healthier meals,

520
00:23:27,680 --> 00:23:30,320
Speaker 2: saving money by cooking as opposed to picking up some

521
00:23:31,040 --> 00:23:31,919
Speaker 2: fast casual to go.

522
00:23:32,400 --> 00:23:34,560
Speaker 1: I see one downside here, though, what's that less time

523
00:23:34,560 --> 00:23:37,240
Speaker 1: to listen to podcasts? Oh that's true, Sarah. I hope

524
00:23:37,280 --> 00:23:39,400
Speaker 1: you're still able to listen to the podcast you love.

525
00:23:39,800 --> 00:23:41,840
Speaker 1: But I'm just kidding, Like, I would much rather ditch

526
00:23:41,840 --> 00:23:44,040
Speaker 1: your commute and listen to less stuff. So I'm glad

527
00:23:44,080 --> 00:23:46,200
Speaker 1: that's been good for you. What a wonderful thing to

528
00:23:46,280 --> 00:23:49,160
Speaker 1: be thankful for. Yeah, Carrie said, I'm thankful for having

529
00:23:49,200 --> 00:23:50,920
Speaker 1: a roommate so that I can save and put away

530
00:23:50,960 --> 00:23:53,920
Speaker 1: more money every month to bump up my emergency fund. Said,

531
00:23:53,920 --> 00:23:56,040
Speaker 1: I'm also thankful for how to Money podcast. I listened

532
00:23:56,080 --> 00:23:58,600
Speaker 1: to every one of them. Thank you, carriously appreciate that

533
00:23:58,640 --> 00:24:00,480
Speaker 1: she might listen to you to the show's forced to

534
00:24:00,480 --> 00:24:02,639
Speaker 1: listen to us. I don't know, but Carrie, thank you

535
00:24:02,680 --> 00:24:06,400
Speaker 1: for listening. And roommates can be clutch. One of my friends, Matt,

536
00:24:06,440 --> 00:24:09,600
Speaker 1: he lives in a four bedroom house with four total

537
00:24:09,640 --> 00:24:12,840
Speaker 1: people with one bathroom. He told me to save money.

538
00:24:12,840 --> 00:24:16,040
Speaker 1: Four guys in one house, one bathroom, and I was like, oh,

539
00:24:16,720 --> 00:24:18,199
Speaker 1: that's tough. But then I went back to la the

540
00:24:18,400 --> 00:24:21,479
Speaker 1: twenty five. I think he's in his late twenties. Okay, oh,

541
00:24:21,520 --> 00:24:23,600
Speaker 1: late twenties, late twenties. Yeah, yeah, but that was about

542
00:24:23,600 --> 00:24:24,800
Speaker 1: the time I was getting tired of that sort of

543
00:24:24,840 --> 00:24:28,840
Speaker 1: living situation. But at that sacrifice, it means more monthly margin,

544
00:24:28,920 --> 00:24:30,520
Speaker 1: it means allowing you to be able to make more

545
00:24:30,560 --> 00:24:33,239
Speaker 1: progress with your money goals. Carry I just want to say,

546
00:24:33,280 --> 00:24:35,600
Speaker 1: keep beef enough that E fund and Yeah, live in

547
00:24:35,600 --> 00:24:37,760
Speaker 1: the roommate life, especially if you have good ones, can

548
00:24:37,800 --> 00:24:40,760
Speaker 1: be a wonderful thing and then maybe someday you can

549
00:24:40,800 --> 00:24:42,920
Speaker 1: get out of it. But you're gonna have the savings

550
00:24:42,920 --> 00:24:44,240
Speaker 1: to be able to do that when you're ready.

551
00:24:44,320 --> 00:24:46,200
Speaker 2: Yeah, it's a win win, right, because not only are

552
00:24:46,320 --> 00:24:49,119
Speaker 2: you attacking some of these that is allowing you to

553
00:24:49,160 --> 00:24:52,840
Speaker 2: attack some of these other financial goals that you undoubtedly have,

554
00:24:53,240 --> 00:24:55,600
Speaker 2: but it's putting you in social contact with other people.

555
00:24:55,680 --> 00:25:00,520
Speaker 2: When our society today we are becoming more adamized and jolistic,

556
00:25:00,640 --> 00:25:03,200
Speaker 2: and again pointing to the fact that hopefully these are,

557
00:25:03,440 --> 00:25:06,439
Speaker 2: like Joel said, good roommates and you're not like fighting

558
00:25:06,480 --> 00:25:09,800
Speaker 2: about I don't know who left the toilet seat up

559
00:25:09,960 --> 00:25:10,720
Speaker 2: or I don't know.

560
00:25:10,800 --> 00:25:13,080
Speaker 1: I've had someone both. Back in my day, I had

561
00:25:13,200 --> 00:25:16,000
Speaker 1: had some good ones. I had some not some good ones. Yeah,

562
00:25:16,240 --> 00:25:17,520
Speaker 1: you know who you are. If you're listening.

563
00:25:19,040 --> 00:25:21,520
Speaker 2: Do any of your previous roommates listen to the podcast.

564
00:25:21,520 --> 00:25:23,320
Speaker 2: I don't know, but we'll find out. I don't know.

565
00:25:23,400 --> 00:25:27,080
Speaker 2: I don't know either. I stay in decent touch with them,

566
00:25:27,080 --> 00:25:29,320
Speaker 2: but we don't often talk about the podcast. Listen to

567
00:25:29,359 --> 00:25:31,520
Speaker 2: each other podcast. Yeah, but so I'm just pointing out

568
00:25:31,520 --> 00:25:34,600
Speaker 2: that Carrie, this is from a social standpoint social health,

569
00:25:34,800 --> 00:25:37,919
Speaker 2: this is a win as well. But you know, I

570
00:25:37,920 --> 00:25:39,840
Speaker 2: want to encourage folks out there as well. The reason

571
00:25:39,840 --> 00:25:41,639
Speaker 2: I asked about the age thing is because, Yeah, like

572
00:25:41,680 --> 00:25:44,160
Speaker 2: you said, this typically like an early twenties, mid twenties

573
00:25:44,640 --> 00:25:47,760
Speaker 2: sort of move. I had friends who were married couples

574
00:25:48,000 --> 00:25:50,040
Speaker 2: who chose to or one couple said well, we're going

575
00:25:50,080 --> 00:25:52,359
Speaker 2: to buy this house. It's gonna be a bit tight,

576
00:25:52,440 --> 00:25:55,440
Speaker 2: and they had another couple friend of theirs, and this

577
00:25:55,520 --> 00:25:57,680
Speaker 2: family or the couple who was buying the house knew

578
00:25:57,680 --> 00:26:00,919
Speaker 2: that they were most definitely gonna have kids. They do

579
00:26:01,000 --> 00:26:04,159
Speaker 2: have a lot of kids. They have six kids. But

580
00:26:04,760 --> 00:26:06,400
Speaker 2: like they sort of got the house that they knew

581
00:26:06,400 --> 00:26:09,080
Speaker 2: that they would be able to grow into, and which

582
00:26:09,119 --> 00:26:11,879
Speaker 2: also meant that mortgage payment early on was maybe a

583
00:26:11,920 --> 00:26:15,240
Speaker 2: little bit tighter. It constrained their budget a bit more

584
00:26:15,400 --> 00:26:17,600
Speaker 2: than they would have liked to have seen. And so

585
00:26:17,800 --> 00:26:20,760
Speaker 2: they brought on another couple and they were able to

586
00:26:20,800 --> 00:26:24,680
Speaker 2: successfully coexist to live together in a way where they

587
00:26:24,680 --> 00:26:28,000
Speaker 2: had their privacy. They're on sort of separate sides of

588
00:26:28,040 --> 00:26:31,359
Speaker 2: the house. Perhaps they would take turns cooking. It's I

589
00:26:31,400 --> 00:26:33,160
Speaker 2: don't know. It makes me think of friends a little bit,

590
00:26:33,760 --> 00:26:35,920
Speaker 2: where it's just sort of like we're growing up, but

591
00:26:35,960 --> 00:26:38,960
Speaker 2: we're still kind of kids. I like that. I like

592
00:26:39,080 --> 00:26:41,679
Speaker 2: unique living situations. I think that's super cool man.

593
00:26:42,280 --> 00:26:44,119
Speaker 1: And you can find a way to love it, at

594
00:26:44,200 --> 00:26:46,440
Speaker 1: least for a certain period of time, even if it's

595
00:26:46,480 --> 00:26:48,119
Speaker 1: not like that's what I want to do forever.

596
00:26:48,280 --> 00:26:50,639
Speaker 2: Give it a shot. Yeah, yeah, it's worth giving a shot.

597
00:26:50,720 --> 00:26:52,800
Speaker 2: I wouldn't count on that working out if that is

598
00:26:52,880 --> 00:26:54,920
Speaker 2: the only way that you can afford a house like that.

599
00:26:55,000 --> 00:26:56,760
Speaker 1: When I bought my first house, I had a roommate

600
00:26:56,800 --> 00:26:58,960
Speaker 1: in it. I could afford the mortgage by myself. I

601
00:26:59,000 --> 00:27:00,359
Speaker 1: didn't want to, like, I want to be able to

602
00:27:00,359 --> 00:27:02,439
Speaker 1: save more money, and so the roommate was a clutch

603
00:27:02,520 --> 00:27:05,320
Speaker 1: move to help me like build up you know, that

604
00:27:05,920 --> 00:27:07,760
Speaker 1: beef up my savings that I had to plait on

605
00:27:07,760 --> 00:27:08,399
Speaker 1: the down payment.

606
00:27:08,440 --> 00:27:10,000
Speaker 2: That was Yeah, that was more of the whip cream,

607
00:27:10,080 --> 00:27:11,960
Speaker 2: was more of the cherry on top as opposed to, no,

608
00:27:12,040 --> 00:27:14,920
Speaker 2: this is necessary in order for this to work. But yeah,

609
00:27:14,960 --> 00:27:18,719
Speaker 2: that's a super sort of frugal approach. And I think

610
00:27:18,760 --> 00:27:21,200
Speaker 2: those frugal habits are going to give Carrie more options

611
00:27:21,200 --> 00:27:23,479
Speaker 2: in the future as well. I think that's actually what

612
00:27:23,640 --> 00:27:27,800
Speaker 2: so a user on Instagram Frugal Family Focus. I think

613
00:27:27,840 --> 00:27:31,119
Speaker 2: that's what she was getting at when she listed all

614
00:27:31,160 --> 00:27:33,600
Speaker 2: the sacrifices that she made in her younger years. So

615
00:27:34,200 --> 00:27:36,840
Speaker 2: she she basically she was like, I'm thankful for twenty

616
00:27:36,880 --> 00:27:39,000
Speaker 2: one year old me who cut Internet at home in

617
00:27:39,080 --> 00:27:40,760
Speaker 2: order to say or in order to pay more on

618
00:27:40,800 --> 00:27:43,280
Speaker 2: my student loans. I'm thankful for twenty eight year old

619
00:27:43,400 --> 00:27:45,800
Speaker 2: me for being able to have a baby for free

620
00:27:45,880 --> 00:27:49,200
Speaker 2: because I understood the ins and outs of my health insurance.

621
00:27:49,280 --> 00:27:51,120
Speaker 2: I'm thankful for thirty five year old me who paid

622
00:27:51,160 --> 00:27:54,199
Speaker 2: cash for a used car even though I had a

623
00:27:54,200 --> 00:27:58,359
Speaker 2: great salary and the ability to buy brand new all

624
00:27:58,400 --> 00:28:00,680
Speaker 2: for the ability to have more options and to call

625
00:28:00,720 --> 00:28:01,760
Speaker 2: your own shots later in life.

626
00:28:01,800 --> 00:28:05,600
Speaker 1: Those are all real sacrifices, yes, meaningful sacrifices that most

627
00:28:05,600 --> 00:28:08,240
Speaker 1: people take. For cutting Internet, like who does that?

628
00:28:08,359 --> 00:28:08,560
Speaker 2: You know?

629
00:28:08,680 --> 00:28:10,960
Speaker 1: And it doesn't have internet? That is just a normal

630
00:28:11,000 --> 00:28:13,520
Speaker 1: necessity of human life, And it's like is it and

631
00:28:13,960 --> 00:28:16,239
Speaker 1: is that what your goal is? And especially with smartphones now,

632
00:28:16,240 --> 00:28:18,560
Speaker 1: maybe you don't need home to pay for both the

633
00:28:18,760 --> 00:28:20,879
Speaker 1: smartphone service and home internet service if you have a

634
00:28:20,920 --> 00:28:23,000
Speaker 1: decent hotspot or something like that. Yeah, like those are

635
00:28:23,080 --> 00:28:26,800
Speaker 1: questions that are worth considering. And what else is it

636
00:28:26,800 --> 00:28:28,520
Speaker 1: allowing you to do with the money that you save

637
00:28:28,600 --> 00:28:30,360
Speaker 1: if you choose to make a different decision.

638
00:28:30,400 --> 00:28:33,080
Speaker 2: It's good to be weird in this way. And that's

639
00:28:33,119 --> 00:28:37,440
Speaker 2: like maybe that's another Should weird be synonymous synonymous with frugal, right,

640
00:28:37,440 --> 00:28:41,480
Speaker 2: because like if it's something that everyone does, then it's like,

641
00:28:41,520 --> 00:28:44,680
Speaker 2: you don't call it frugal. Yeah, but frugality there's a

642
00:28:44,680 --> 00:28:47,080
Speaker 2: connotation there of it being weird, the fact that someone

643
00:28:47,120 --> 00:28:49,640
Speaker 2: does something in order to save money. But yeah, I

644
00:28:49,640 --> 00:28:50,440
Speaker 2: think it's good to be weird.

645
00:28:50,480 --> 00:28:53,800
Speaker 1: Why they made TV shows about coupon clipping moms and

646
00:28:53,800 --> 00:28:55,200
Speaker 1: stuff like that because it was weird.

647
00:28:56,400 --> 00:28:57,520
Speaker 2: I like that crowd. You know.

648
00:28:57,520 --> 00:29:00,280
Speaker 1: It makes you think of my conversation with Hope from

649
00:29:00,360 --> 00:29:02,640
Speaker 1: Under the Media not too long ago on the podcast

650
00:29:02,840 --> 00:29:05,800
Speaker 1: that is Well Worth listening to never made more than

651
00:29:05,840 --> 00:29:09,120
Speaker 1: forty thousand dollars on average over the course of decades,

652
00:29:09,520 --> 00:29:11,760
Speaker 1: and people would be like, that's weird. But she's like

653
00:29:11,880 --> 00:29:14,280
Speaker 1: so open to sharing the weirdness, and I love it.

654
00:29:15,000 --> 00:29:18,600
Speaker 1: Jacqueline said, we are a two income home living off

655
00:29:18,680 --> 00:29:23,080
Speaker 1: of one income. Amazing, also rare, and also kind of weird.

656
00:29:23,160 --> 00:29:25,520
Speaker 1: I want to see more folks attempting this though, because like,

657
00:29:25,560 --> 00:29:28,080
Speaker 1: if you start handling money like this when you get married,

658
00:29:28,120 --> 00:29:30,479
Speaker 1: even though it's tough, it's so tough to live on

659
00:29:30,640 --> 00:29:33,280
Speaker 1: just one income, it can allow you to make choices

660
00:29:33,520 --> 00:29:37,360
Speaker 1: that other couples can't because they're totally dependent on both incomes,

661
00:29:37,600 --> 00:29:41,840
Speaker 1: and at some point, through diligent investing of a whole salary,

662
00:29:42,240 --> 00:29:42,840
Speaker 1: neither of.

663
00:29:42,760 --> 00:29:44,160
Speaker 2: You will need to work. Jacqueline.

664
00:29:44,200 --> 00:29:48,000
Speaker 1: So, I think this is so admirable, and I know

665
00:29:48,080 --> 00:29:50,880
Speaker 1: not everyone can do it, but what a cool goal

666
00:29:50,960 --> 00:29:54,040
Speaker 1: to strive for, and what a way to really set

667
00:29:54,040 --> 00:29:57,800
Speaker 1: yourself up for success by being able to thrust big

668
00:29:57,840 --> 00:30:01,120
Speaker 1: big bucks towards other money, say, and investing goals.

669
00:30:00,960 --> 00:30:03,560
Speaker 2: That you have. Heck yeah, it reminds me of a

670
00:30:03,560 --> 00:30:07,760
Speaker 2: white coat investor of living gosh, what is it basically

671
00:30:07,960 --> 00:30:11,320
Speaker 2: living like a resident? Living like a resident, because oftentimes

672
00:30:11,960 --> 00:30:14,120
Speaker 2: like they're no longer a resident, because when you're a resident,

673
00:30:14,160 --> 00:30:17,120
Speaker 2: that's when you're doing all the weird frugal roommate stuff.

674
00:30:17,840 --> 00:30:19,479
Speaker 2: That kind of sounds weird when I say that, Actually

675
00:30:20,160 --> 00:30:23,360
Speaker 2: but like like you you're officially a doctor and you're

676
00:30:23,400 --> 00:30:24,960
Speaker 2: starting to rake in the money and then like, no,

677
00:30:25,080 --> 00:30:26,480
Speaker 2: I need to live like one like they feel like

678
00:30:26,480 --> 00:30:29,760
Speaker 2: they've sacrificed for so long and then they immediately take out,

679
00:30:30,440 --> 00:30:33,520
Speaker 2: you know, just a massive car note, spend way more

680
00:30:33,520 --> 00:30:36,440
Speaker 2: than they ever have as opposed to holding if you

681
00:30:36,440 --> 00:30:38,440
Speaker 2: can just hold off on that a little bit more

682
00:30:39,000 --> 00:30:43,320
Speaker 2: and not get carried away essentially with all the different payments,

683
00:30:43,320 --> 00:30:46,680
Speaker 2: where you're constantly behind the wave as opposed to just

684
00:30:46,800 --> 00:30:48,640
Speaker 2: riding that wave right right, that's a good way to

685
00:30:48,640 --> 00:30:50,960
Speaker 2: put it. You want that interest to be working for you,

686
00:30:51,040 --> 00:30:53,320
Speaker 2: not to where it feels like you're constantly trying to

687
00:30:53,480 --> 00:30:56,360
Speaker 2: trying to catch up to it. Gary, he wrote, I'm

688
00:30:56,360 --> 00:30:58,800
Speaker 2: thankful to have a wife that has the same values

689
00:30:58,880 --> 00:31:02,920
Speaker 2: and vision when it comes to experience, experiences and personal finance.

690
00:31:03,120 --> 00:31:05,280
Speaker 2: We just paid off our mortgage while at the same

691
00:31:05,320 --> 00:31:09,560
Speaker 2: time prioritizing experiences and family along the way. We have

692
00:31:09,640 --> 00:31:12,520
Speaker 2: no regrets on spending on what's important to us, ignoring

693
00:31:12,560 --> 00:31:16,280
Speaker 2: the Joneses and media. Did we already get to This

694
00:31:16,320 --> 00:31:19,600
Speaker 2: is similar to is it Greg? Similar to Greg as

695
00:31:19,600 --> 00:31:22,560
Speaker 2: far as like thankful for his wife man, but well,

696
00:31:22,560 --> 00:31:23,040
Speaker 2: I love.

697
00:31:22,920 --> 00:31:25,680
Speaker 1: To like ignoring everything else. This is kind of what

698
00:31:25,680 --> 00:31:28,720
Speaker 1: we're getting at with living a weirder life, like being

699
00:31:28,920 --> 00:31:31,880
Speaker 1: okay with being different, and it just feels like, well,

700
00:31:31,920 --> 00:31:33,760
Speaker 1: everyone else is on social media, I guess I should be.

701
00:31:33,920 --> 00:31:36,480
Speaker 1: Or everyone else is buying a new car, like a

702
00:31:36,520 --> 00:31:39,240
Speaker 1: fifty thousand dollars new car. I guess that's normal and

703
00:31:39,280 --> 00:31:41,760
Speaker 1: I should partake. And it's like, no question the normal

704
00:31:41,800 --> 00:31:44,400
Speaker 1: things that people are doing, because those normal choices are

705
00:31:44,440 --> 00:31:48,240
Speaker 1: the things that lead to copious amounts of debt, and

706
00:31:48,560 --> 00:31:53,160
Speaker 1: that why people are leading incredibly stressed out lives. So

707
00:31:53,320 --> 00:31:57,680
Speaker 1: if you can be abnormal, ignore what Gary said, the

708
00:31:57,800 --> 00:32:01,840
Speaker 1: Joneses and the media's right, and love a different life,

709
00:32:01,840 --> 00:32:02,960
Speaker 1: I think that's a beautiful way to go.

710
00:32:03,080 --> 00:32:05,920
Speaker 2: Dude. That's the worst thing about social media, because literally

711
00:32:05,960 --> 00:32:09,760
Speaker 2: the social media is the Joneses on media, right. And

712
00:32:09,800 --> 00:32:12,360
Speaker 2: so like the fact that because before in this I

713
00:32:12,360 --> 00:32:15,240
Speaker 2: don't want to turn into a giant like social media critique,

714
00:32:15,240 --> 00:32:17,240
Speaker 2: but before like you were just surrounded by the people

715
00:32:17,320 --> 00:32:19,200
Speaker 2: that you were surrounded by, like the people who you

716
00:32:19,240 --> 00:32:21,840
Speaker 2: saw at work, which okay, yeah, these are folks that

717
00:32:21,840 --> 00:32:25,320
Speaker 2: probably make similar amounts of money that you do, or

718
00:32:25,320 --> 00:32:27,400
Speaker 2: you're surrounded by your neighbors, right, these are oh, these

719
00:32:27,400 --> 00:32:29,600
Speaker 2: are all houses that are about built around the same

720
00:32:30,440 --> 00:32:33,600
Speaker 2: part of the century. They all cost about the same amount.

721
00:32:34,320 --> 00:32:37,000
Speaker 2: We tend to run in circles where we're surrounded by

722
00:32:37,000 --> 00:32:39,600
Speaker 2: folks that have, you know, for the more or less

723
00:32:39,640 --> 00:32:42,360
Speaker 2: the same amount of income is as us. That's not

724
00:32:42,400 --> 00:32:44,560
Speaker 2: the case with social media, right, Like, you might be

725
00:32:44,560 --> 00:32:47,680
Speaker 2: following somebody who lives like across the country, who like

726
00:32:48,120 --> 00:32:50,400
Speaker 2: goes to Lake Tahoe every weekend or something. It's just

727
00:32:50,400 --> 00:32:52,960
Speaker 2: like that's a totally different lifestyle and you have no

728
00:32:53,040 --> 00:32:55,400
Speaker 2: idea what their actual finances look like if you were

729
00:32:55,400 --> 00:32:57,520
Speaker 2: to peel you know, pull back the cover.

730
00:32:57,680 --> 00:33:00,840
Speaker 1: We talked about a while back, the influencers who rent

731
00:33:01,800 --> 00:33:03,760
Speaker 1: like a seat on a private plane that's sitting on

732
00:33:03,800 --> 00:33:06,320
Speaker 1: a tarmac so they can take selfies stupid to make

733
00:33:06,360 --> 00:33:08,240
Speaker 1: it look like they're living a lot of self that

734
00:33:08,280 --> 00:33:10,880
Speaker 1: they're not actually living. They're not actually going anywhere on

735
00:33:10,920 --> 00:33:13,479
Speaker 1: that plane. But you certainly feel left out when you

736
00:33:13,480 --> 00:33:17,160
Speaker 1: see their instapic and it feels like they're on some

737
00:33:17,200 --> 00:33:19,680
Speaker 1: epic vacation that they didn't actually take.

738
00:33:19,760 --> 00:33:20,960
Speaker 2: And so you're right, man, I think it's like the

739
00:33:21,000 --> 00:33:23,560
Speaker 2: saddest thing, right, Like you might be able to fool

740
00:33:23,960 --> 00:33:26,440
Speaker 2: your followers, but like there's no way. I don't know.

741
00:33:26,440 --> 00:33:28,720
Speaker 2: Maybe you are fooling yourself into thinking that you've got

742
00:33:28,720 --> 00:33:30,720
Speaker 2: it made, but like you're not actually on that flight,

743
00:33:30,840 --> 00:33:34,040
Speaker 2: and that there's so much self delusion that's picked into that.

744
00:33:34,240 --> 00:33:36,800
Speaker 1: Even just seeing the pictures of like Jeff Bezos on

745
00:33:36,800 --> 00:33:39,480
Speaker 1: his yacht or something like that, like we just didn't

746
00:33:39,600 --> 00:33:43,480
Speaker 1: We weren't as aware of what the wealthy elites were

747
00:33:43,560 --> 00:33:46,800
Speaker 1: up to, and now we can be hyper aware because

748
00:33:47,200 --> 00:33:50,440
Speaker 1: there's like people covering that beat on social media, and

749
00:33:50,480 --> 00:33:54,040
Speaker 1: like I'm not saying that, like whatever your political beliefs is,

750
00:33:54,080 --> 00:33:57,480
Speaker 1: just focusing less on those people is probably a better

751
00:33:57,520 --> 00:33:59,760
Speaker 1: thing for your own sanity and personal health.

752
00:34:00,000 --> 00:34:02,600
Speaker 2: Everyone likes to keep up with the Bezos and the

753
00:34:02,680 --> 00:34:05,440
Speaker 2: elon angeel actually was it was a couple of weeks

754
00:34:05,440 --> 00:34:10,160
Speaker 2: ago Blue Origin landed its first reusable rock. Was that true?

755
00:34:10,560 --> 00:34:12,600
Speaker 2: It landed like on the barge in the middle of

756
00:34:12,600 --> 00:34:14,279
Speaker 2: the ocean. I don't know. All I saw. Was it

757
00:34:14,520 --> 00:34:16,520
Speaker 2: so happy that that happened, because I feel like finally

758
00:34:16,520 --> 00:34:20,640
Speaker 2: caught up. It's just some competition for SpaceX, Like I

759
00:34:20,640 --> 00:34:23,040
Speaker 2: don't know, Elon kind of got distracted by politics this

760
00:34:23,120 --> 00:34:24,719
Speaker 2: year and kind of went off the deep end. So

761
00:34:24,840 --> 00:34:27,200
Speaker 2: his ability to get back to doing what he does best,

762
00:34:27,239 --> 00:34:29,640
Speaker 2: which is being innovative and a forward thinker. I think

763
00:34:29,640 --> 00:34:31,200
Speaker 2: that's a good thing for the world.

764
00:34:31,520 --> 00:34:35,600
Speaker 1: Right, Okay, give counter or do you like Elon being

765
00:34:35,640 --> 00:34:38,880
Speaker 1: involved in politics. I just think that the mission to

766
00:34:38,920 --> 00:34:41,560
Speaker 1: Mars and the rich guys with rockets, it doesn't do

767
00:34:41,600 --> 00:34:44,799
Speaker 1: it for me. I think it could lead to other

768
00:34:44,880 --> 00:34:48,120
Speaker 1: advances that could benefit that's probably society. It's not that

769
00:34:48,200 --> 00:34:50,919
Speaker 1: I want to live on Mars. I'm like, how bad

770
00:34:50,960 --> 00:34:54,239
Speaker 1: would it have to get here, on this beautiful blue

771
00:34:54,280 --> 00:34:56,279
Speaker 1: marble out in the middle of the galaxy for me

772
00:34:56,360 --> 00:35:00,080
Speaker 1: to want to move to this cold oxygen lists I

773
00:35:00,040 --> 00:35:01,680
Speaker 1: sare on waste land of the planet. I saw the

774
00:35:01,719 --> 00:35:03,960
Speaker 1: Martian I know what it's like. There's terrible, That's right.

775
00:35:04,000 --> 00:35:06,520
Speaker 1: It's like the scariest thing ever. Like I'm interested, one

776
00:35:06,520 --> 00:35:08,600
Speaker 1: thing goes wrong and you're you're dead, you know, like

777
00:35:08,680 --> 00:35:11,560
Speaker 1: as opposed to hear yeah, a lot of things have

778
00:35:11,600 --> 00:35:12,240
Speaker 1: to go wrong.

779
00:35:12,200 --> 00:35:15,719
Speaker 2: Before that's true, before you're dead. It makes me think

780
00:35:15,719 --> 00:35:17,920
Speaker 2: about like a yeah, or just one thing. So people

781
00:35:17,920 --> 00:35:20,640
Speaker 2: who swim this is such a weird tangent. But people

782
00:35:20,680 --> 00:35:23,600
Speaker 2: who swim. I've always been like, you know, I'm not

783
00:35:23,640 --> 00:35:26,480
Speaker 2: really into water sports because like you hit your head

784
00:35:26,480 --> 00:35:30,319
Speaker 2: on something and then you're underwater and it's a bad thing.

785
00:35:30,320 --> 00:35:32,560
Speaker 2: Whereas if you, let's say your mountain biking, you hit

786
00:35:32,600 --> 00:35:34,680
Speaker 2: your head right, like you crash into a tree. Yeah,

787
00:35:34,680 --> 00:35:36,319
Speaker 2: you get knocked out. Okay, you're just laying there on

788
00:35:36,320 --> 00:35:40,439
Speaker 2: your on the trail. You're not like instantly drowning. That's

789
00:35:40,520 --> 00:35:43,840
Speaker 2: the thing about water sports, your chance of survival. Yeah, exactly,

790
00:35:43,840 --> 00:35:46,719
Speaker 2: That's how I think. So there's no surprise I'm not

791
00:35:46,760 --> 00:35:48,000
Speaker 2: super interested in moving to Mars.

792
00:35:48,120 --> 00:35:50,640
Speaker 1: Literally, listen to an interview this week with someone and

793
00:35:50,760 --> 00:35:53,840
Speaker 1: we'll get back to a problem who dove head first

794
00:35:53,920 --> 00:35:57,160
Speaker 1: in the water and ended up paralyzed a quadriplegic for

795
00:35:57,200 --> 00:35:59,920
Speaker 1: her entire life. An inspiring conversation. Maybe we'll think to

796
00:36:00,040 --> 00:36:01,919
Speaker 1: in the show notes. But it's one of those things

797
00:36:01,960 --> 00:36:04,840
Speaker 1: like you're right, yeah, water sports they can not be great.

798
00:36:05,200 --> 00:36:07,480
Speaker 1: All right, while we're on a tangent, maybe we'll hit

799
00:36:07,560 --> 00:36:09,359
Speaker 1: up a few ads. We'll be right back with more

800
00:36:09,360 --> 00:36:11,160
Speaker 1: of your thankfulness right after this.

801
00:36:19,120 --> 00:36:22,080
Speaker 2: All right, we are back. We'll make sure to not

802
00:36:22,160 --> 00:36:25,920
Speaker 2: take any more tangents any We want to respect the

803
00:36:25,960 --> 00:36:28,520
Speaker 2: listener's time, and they're here to hear about how folks

804
00:36:28,520 --> 00:36:32,359
Speaker 2: are thankful and not about rich boys in their rockets. Yes,

805
00:36:32,880 --> 00:36:36,080
Speaker 2: although you got satellites being launched, there's an actual tangible

806
00:36:36,120 --> 00:36:38,879
Speaker 2: good that's happening. Also taking payloads to space man. That's yeah,

807
00:36:38,880 --> 00:36:41,040
Speaker 2: that's important to that's true. Okay, let's get back to it.

808
00:36:41,080 --> 00:36:42,760
Speaker 2: So space lasers and stuff.

809
00:36:43,400 --> 00:36:45,799
Speaker 1: Rob says, thanks to the wisdom of the show, I

810
00:36:45,800 --> 00:36:48,320
Speaker 1: broke up with Edward Jones and moved to Schwab because

811
00:36:48,320 --> 00:36:50,320
Speaker 1: of my strict savings for the past few years. I

812
00:36:50,400 --> 00:36:53,879
Speaker 1: retired in July at fifty five, and I learned from

813
00:36:54,000 --> 00:36:56,560
Speaker 1: How to Money that I can invest my HSA money

814
00:36:56,560 --> 00:36:58,440
Speaker 1: and I put it in boot. Finally, I'm going to

815
00:36:58,520 --> 00:37:01,080
Speaker 1: hire a fiduciary who was wrecked amended by wealth Ramp

816
00:37:01,160 --> 00:37:04,960
Speaker 1: after hearing Joel's interview with Pam. Oh my goodness, Rob

817
00:37:05,080 --> 00:37:06,319
Speaker 1: did it all this year.

818
00:37:06,560 --> 00:37:08,600
Speaker 2: So well done. Rob. You're saving money.

819
00:37:08,800 --> 00:37:11,799
Speaker 1: You're don't have to work anymore because you've clawed back

820
00:37:11,880 --> 00:37:14,840
Speaker 1: some of those insane fees that you were paying to

821
00:37:15,600 --> 00:37:17,560
Speaker 1: the person who is managing your money. You've put a

822
00:37:17,560 --> 00:37:20,000
Speaker 1: ton of hard work into making retirement at fifty five

823
00:37:20,040 --> 00:37:20,640
Speaker 1: a reality.

824
00:37:20,680 --> 00:37:22,560
Speaker 2: So well done. And by the way, for others out

825
00:37:22,600 --> 00:37:24,680
Speaker 2: there who are thinking, gosh, it is time for us

826
00:37:24,760 --> 00:37:29,000
Speaker 2: to look at chatting with an advisor. Go to howtmoney

827
00:37:29,000 --> 00:37:31,640
Speaker 2: dot com forward slash advisor because we have partnered with

828
00:37:31,719 --> 00:37:35,239
Speaker 2: wealth Ramp, which offers access to advisors who have been

829
00:37:35,400 --> 00:37:39,839
Speaker 2: very well vetted. These are fee only fiduciaries. And yeah,

830
00:37:39,840 --> 00:37:42,839
Speaker 2: it's worth checking out. On a related retirement note, Joel there,

831
00:37:42,880 --> 00:37:46,360
Speaker 2: here's one from Peter who wrote learning to Spend Money

832
00:37:46,360 --> 00:37:50,319
Speaker 2: as I move into retirement thirteenth month of three days

833
00:37:50,360 --> 00:37:53,960
Speaker 2: a week, fully remote, and I've got eleven more to go. Man,

834
00:37:54,000 --> 00:37:56,600
Speaker 2: I love that you are testing out retirement ahead of time.

835
00:37:56,640 --> 00:38:00,480
Speaker 2: You're testing the waters the think going from just all

836
00:38:00,680 --> 00:38:02,920
Speaker 2: to nothing on the on the workfront, it can be

837
00:38:02,960 --> 00:38:07,520
Speaker 2: a really hard, sort of whiplashy like adjustment. And man,

838
00:38:07,520 --> 00:38:10,000
Speaker 2: there are a lot of early retirees out there who

839
00:38:10,080 --> 00:38:11,960
Speaker 2: you know, they can't wait to get another job. And

840
00:38:12,040 --> 00:38:15,479
Speaker 2: I think it's because they haven't thought what it would

841
00:38:15,520 --> 00:38:17,480
Speaker 2: be like to.

842
00:38:17,040 --> 00:38:20,279
Speaker 1: Enter into retirement without having maybe a purpose. Three months in,

843
00:38:20,360 --> 00:38:21,960
Speaker 1: they're like freaking out.

844
00:38:21,840 --> 00:38:22,239
Speaker 2: A little bit.

845
00:38:22,280 --> 00:38:23,520
Speaker 1: I think I can get my old job back and

846
00:38:23,560 --> 00:38:25,440
Speaker 1: I can't get as good of a job. Should I

847
00:38:25,520 --> 00:38:27,239
Speaker 1: just like go drive for Uber on the side, just

848
00:38:27,280 --> 00:38:31,840
Speaker 1: because they miss interpersonal contact and so that yeah, I

849
00:38:31,920 --> 00:38:32,800
Speaker 1: lost their community.

850
00:38:33,120 --> 00:38:36,319
Speaker 2: Who maybe they Yeah they formed that around yeah, around work.

851
00:38:36,360 --> 00:38:38,319
Speaker 1: I like testing it out and I like winding it

852
00:38:38,400 --> 00:38:41,600
Speaker 1: down slowly instead of going from all to nothing. So

853
00:38:41,640 --> 00:38:44,040
Speaker 1: I think that's shows a lot of wisdom on Peter's part.

854
00:38:44,160 --> 00:38:49,120
Speaker 2: Yeah. Well, okay, so we're specifically talking about easing into retirement,

855
00:38:49,160 --> 00:38:51,120
Speaker 2: but let's not forget So the first thing he said

856
00:38:51,200 --> 00:38:54,280
Speaker 2: was learning to spend money as I move into retirement.

857
00:38:54,280 --> 00:38:55,800
Speaker 2: And I'm going to read between the lines there a

858
00:38:55,840 --> 00:38:58,879
Speaker 2: little bit and address the fact that it can be

859
00:38:59,480 --> 00:39:03,480
Speaker 2: really weird to go. Maybe we've used weird too much.

860
00:39:03,600 --> 00:39:08,160
Speaker 2: It can be a jolt to go from save safe, save, invest, invest,

861
00:39:08,160 --> 00:39:12,640
Speaker 2: invest your entire life to now, oh man, getting into retirement.

862
00:39:12,640 --> 00:39:14,960
Speaker 2: I'm making less money now, or maybe I'm fully in retirement.

863
00:39:15,760 --> 00:39:18,920
Speaker 2: What does it look like to draw down on those investments.

864
00:39:18,960 --> 00:39:20,280
Speaker 2: There's like a total shift.

865
00:39:20,719 --> 00:39:23,120
Speaker 1: If it's a total uh, this is with your brain

866
00:39:23,200 --> 00:39:25,439
Speaker 1: reverse uh course of course changed.

867
00:39:25,680 --> 00:39:27,960
Speaker 2: It's like it's like mirror mode in Mario kart right,

868
00:39:28,040 --> 00:39:31,040
Speaker 2: all it's literally backwards. Oh my gosh, it feels completely

869
00:39:31,760 --> 00:39:33,560
Speaker 2: like you are in bizarro bizarro world.

870
00:39:33,600 --> 00:39:35,279
Speaker 1: It's foreign, and it's the opposite of what you've been

871
00:39:35,320 --> 00:39:37,719
Speaker 1: told for many decades, and then the opposite of the

872
00:39:37,760 --> 00:39:39,920
Speaker 1: accult behavior you've been exhibiting for any decade.

873
00:39:39,960 --> 00:39:42,319
Speaker 2: But it's so important to do because if you well,

874
00:39:42,360 --> 00:39:45,880
Speaker 2: first of all, hopefully you weren't neglecting the most important

875
00:39:45,920 --> 00:39:48,600
Speaker 2: thing relationships along the way. But let's just say, if

876
00:39:48,680 --> 00:39:51,360
Speaker 2: you don't spend this money while you are in retirement,

877
00:39:51,880 --> 00:39:53,600
Speaker 2: you're going to be left with a whole lot of

878
00:39:53,640 --> 00:39:55,400
Speaker 2: regret at the end of your life, right, because you're

879
00:39:55,440 --> 00:39:58,719
Speaker 2: you're saying potentially, I mean, using it effectively, right, So yeah,

880
00:39:58,760 --> 00:40:00,840
Speaker 2: you're you're I mean, And that's just do you get

881
00:40:00,960 --> 00:40:02,879
Speaker 2: to a ripe old age where you're able to look

882
00:40:02,920 --> 00:40:06,120
Speaker 2: back on I don't know, I don't want to. I

883
00:40:06,160 --> 00:40:09,080
Speaker 2: don't want to go too negative here, but learning to

884
00:40:09,120 --> 00:40:11,640
Speaker 2: spend your money as you enter into retirement you obviously

885
00:40:11,640 --> 00:40:15,040
Speaker 2: don't want to get get to spending with it, but

886
00:40:15,280 --> 00:40:17,600
Speaker 2: it's important to lay out a plan and how it

887
00:40:17,640 --> 00:40:19,920
Speaker 2: is that you want to live those those later decades.

888
00:40:19,960 --> 00:40:23,799
Speaker 1: At all I know is nobody gets a prize for

889
00:40:23,920 --> 00:40:25,759
Speaker 1: having the most money in their four one k when

890
00:40:25,800 --> 00:40:28,440
Speaker 1: they die, Like that is not that that is not

891
00:40:29,000 --> 00:40:31,320
Speaker 1: a contest that I want to win. That's that's usually

892
00:40:31,560 --> 00:40:33,560
Speaker 1: to me. Some of those are some of the saddest headlines.

893
00:40:33,560 --> 00:40:35,600
Speaker 1: So I love that Peter is kind of working through that,

894
00:40:35,640 --> 00:40:37,920
Speaker 1: figuring out how to spend as he moves into retirement.

895
00:40:38,080 --> 00:40:40,759
Speaker 1: This is the perfect time to start really thinking about

896
00:40:40,800 --> 00:40:43,840
Speaker 1: not just draw down strategy, but finding ways to actually

897
00:40:43,840 --> 00:40:45,879
Speaker 1: be able to use the assets that you've built up

898
00:40:46,640 --> 00:40:48,680
Speaker 1: to live the life that you're They would they would

899
00:40:48,680 --> 00:40:49,160
Speaker 1: bring joy.

900
00:40:49,600 --> 00:40:52,480
Speaker 2: Uh. Toy on that note says, I'm thankful for being

901
00:40:52,480 --> 00:40:55,760
Speaker 2: able to balance saving aggressively for retirement while still living

902
00:40:55,800 --> 00:40:57,799
Speaker 2: my life now, which is the goal.

903
00:40:57,960 --> 00:41:01,120
Speaker 1: Like this is the the craft beerquivalent thing that we

904
00:41:01,200 --> 00:41:05,000
Speaker 1: talk about all the time, right, It is yes, saving aggressively,

905
00:41:05,080 --> 00:41:09,920
Speaker 1: It is yes thinking about your future, buying optionality with

906
00:41:10,040 --> 00:41:15,040
Speaker 1: the savings and investments that you're making, but also being

907
00:41:15,120 --> 00:41:17,920
Speaker 1: able to enjoy your life now and prioritizing the things

908
00:41:18,239 --> 00:41:20,600
Speaker 1: that matter and so many of those things don't have

909
00:41:20,680 --> 00:41:25,880
Speaker 1: to be terribly expensive. But ye, you want balance all

910
00:41:25,880 --> 00:41:28,040
Speaker 1: the way through. That's the way I think about it, Matt.

911
00:41:28,080 --> 00:41:31,080
Speaker 1: Sometimes it requires front loading the sacrifice a bit on

912
00:41:31,120 --> 00:41:33,719
Speaker 1: the front end, but yeah, the goal is to be

913
00:41:33,760 --> 00:41:37,440
Speaker 1: able to do both simultaneously. It's not always easy, but

914
00:41:37,520 --> 00:41:40,160
Speaker 1: it is. I think it's like a pendulum, its swinging right.

915
00:41:40,200 --> 00:41:42,480
Speaker 1: Sometimes you're a little bit further in one direction than

916
00:41:42,640 --> 00:41:44,919
Speaker 1: the other, but always kind of trying to push back

917
00:41:44,960 --> 00:41:46,200
Speaker 1: towards that center.

918
00:41:46,280 --> 00:41:47,719
Speaker 2: Is a good way to think about it. Yeah, and

919
00:41:48,120 --> 00:41:50,360
Speaker 2: typically over time you are able to kind of find

920
00:41:50,360 --> 00:41:53,839
Speaker 2: more of that balance. Chelsea simply wrote buying a car

921
00:41:53,920 --> 00:41:58,120
Speaker 2: with no loan, which I love because and she didn't

922
00:41:58,120 --> 00:42:00,960
Speaker 2: say why or why she's thinking for that, but of

923
00:42:00,960 --> 00:42:03,279
Speaker 2: course it means that she is going to be able

924
00:42:03,320 --> 00:42:05,440
Speaker 2: to put more towards retirement. She's going to have more

925
00:42:05,480 --> 00:42:08,440
Speaker 2: margin in her life, more savings, which are all very boring.

926
00:42:08,520 --> 00:42:11,080
Speaker 2: So some fun things no car debt hanging over your head.

927
00:42:11,280 --> 00:42:13,160
Speaker 2: Some fun things though, like the ability to go on

928
00:42:13,160 --> 00:42:15,120
Speaker 2: a vacation, to be able to go out with your friends,

929
00:42:15,160 --> 00:42:17,680
Speaker 2: to be able to invest in relationships to those who

930
00:42:17,719 --> 00:42:19,840
Speaker 2: matter the most around you, Like these are all amazing

931
00:42:19,960 --> 00:42:22,920
Speaker 2: reasons to not have a car payment. Yeah, so I'm

932
00:42:22,920 --> 00:42:23,799
Speaker 2: super proud of you, Chelsea.

933
00:42:23,840 --> 00:42:25,719
Speaker 1: All Right, let's move on to Nina, who says, twenty

934
00:42:25,760 --> 00:42:27,680
Speaker 1: twenty five was a big year for us. We sold

935
00:42:27,680 --> 00:42:29,799
Speaker 1: our home for more than double what we paid, and

936
00:42:29,840 --> 00:42:32,680
Speaker 1: we moved closer to family before having our first child

937
00:42:32,719 --> 00:42:34,160
Speaker 1: together in September.

938
00:42:34,880 --> 00:42:37,840
Speaker 2: I love it. What can you say about that besides congratulations?

939
00:42:37,880 --> 00:42:39,919
Speaker 2: We want a blessing. How awesome, But it feels good

940
00:42:40,719 --> 00:42:42,439
Speaker 2: to sell your home for a lot more than you paid,

941
00:42:42,719 --> 00:42:45,480
Speaker 2: but then moving closer to family when you start having

942
00:42:45,560 --> 00:42:48,440
Speaker 2: kids like that's uh, she's playing like three D chess

943
00:42:48,520 --> 00:42:51,279
Speaker 2: right there, because that's crazy, like a fox. Well, and

944
00:42:51,360 --> 00:42:54,200
Speaker 2: you are. I mean, it's not all about money, but

945
00:42:54,239 --> 00:42:56,040
Speaker 2: you're going to be able to save some money some

946
00:42:56,080 --> 00:43:00,799
Speaker 2: free babysitting out there. And this is a assuming you

947
00:43:00,880 --> 00:43:03,279
Speaker 2: just have one kid like this, there's multiples here.

948
00:43:04,200 --> 00:43:07,520
Speaker 1: We know what Now what high school kiddo's charge for babysitting?

949
00:43:07,719 --> 00:43:08,600
Speaker 1: And it ain't cheap.

950
00:43:08,600 --> 00:43:09,120
Speaker 2: It's not cheap.

951
00:43:09,200 --> 00:43:10,200
Speaker 1: I mean, I think a lot of those kids are

952
00:43:10,280 --> 00:43:13,399
Speaker 1: charging at least fifteen summer charging twenty bucks an hour.

953
00:43:13,440 --> 00:43:15,359
Speaker 1: And so if you live close enough to folks, we're

954
00:43:15,480 --> 00:43:18,560
Speaker 1: not paying that to write our eldest daughter.

955
00:43:18,440 --> 00:43:20,520
Speaker 2: When she's babysitting her siblings. Well, I'll tell you that.

956
00:43:20,520 --> 00:43:21,080
Speaker 2: That's what's nice.

957
00:43:21,280 --> 00:43:22,880
Speaker 1: You and I have finally gotten to the point where

958
00:43:22,880 --> 00:43:26,000
Speaker 1: our oldest can watch for a whole lot less than that,

959
00:43:26,320 --> 00:43:28,200
Speaker 1: but for a while. Then when they're young, like you

960
00:43:28,200 --> 00:43:30,919
Speaker 1: don't have that luxury, so having your parents close by.

961
00:43:31,200 --> 00:43:33,279
Speaker 1: Oh the other thing on babysitting too, which we've mentioned

962
00:43:33,320 --> 00:43:34,680
Speaker 1: on the show before, maat, but it's been a while,

963
00:43:34,880 --> 00:43:37,920
Speaker 1: swapping with somebodies of yours and so like that's what

964
00:43:37,960 --> 00:43:39,640
Speaker 1: we did for how many years do we do the

965
00:43:39,719 --> 00:43:40,279
Speaker 1: date night swap?

966
00:43:40,360 --> 00:43:42,959
Speaker 2: Like almost a decade in eleven years? Yeah, yeah, so.

967
00:43:43,239 --> 00:43:45,120
Speaker 1: Swapping back and forth where you'd come over to my

968
00:43:45,160 --> 00:43:47,040
Speaker 1: house after we put the kids down in it's a

969
00:43:47,040 --> 00:43:49,560
Speaker 1: way to go out. Yeah, you're paying for the meal

970
00:43:49,640 --> 00:43:51,239
Speaker 1: or the movie whatever you're doing, but you're at least

971
00:43:51,280 --> 00:43:52,839
Speaker 1: not paying for babysitting on top of it.

972
00:43:52,960 --> 00:43:55,040
Speaker 2: Heck, yeah, how much how much are you paying? Selling?

973
00:43:55,120 --> 00:43:57,799
Speaker 1: By the way, per hour? We have a set rate,

974
00:43:58,080 --> 00:44:00,479
Speaker 1: No we don't. It's usually depends and athough we should

975
00:44:00,480 --> 00:44:00,840
Speaker 1: probably be a.

976
00:44:00,800 --> 00:44:03,200
Speaker 2: Little more formal about that. Six bucks an hour. That's

977
00:44:03,640 --> 00:44:05,640
Speaker 2: what we do. That sounds reasonable. Yeah, that's what I've get.

978
00:44:05,640 --> 00:44:09,360
Speaker 2: So basically, like a solid date night she's basically earning

979
00:44:09,400 --> 00:44:11,839
Speaker 2: like a twenty and so I also did the mouth

980
00:44:11,880 --> 00:44:13,680
Speaker 2: on that. I'm like, okay, wait a minute, holy col

981
00:44:13,760 --> 00:44:15,439
Speaker 2: how many how much money are we gonna end up paying?

982
00:44:16,080 --> 00:44:17,840
Speaker 2: It's a thousand bucks. It's about one thousand bucks a

983
00:44:17,920 --> 00:44:21,880
Speaker 2: year just in babysitting from us. Good for her, which

984
00:44:22,080 --> 00:44:24,960
Speaker 2: I feel like that's big enough to make a serious

985
00:44:25,000 --> 00:44:27,560
Speaker 2: impact on her ability to be able to steward that

986
00:44:27,600 --> 00:44:29,040
Speaker 2: money well and figure out what it is that she

987
00:44:29,080 --> 00:44:31,480
Speaker 2: wants to buy. But it's not so much that it

988
00:44:31,520 --> 00:44:34,080
Speaker 2: feels like a ridiculous amount of money out of our piet.

989
00:44:34,120 --> 00:44:36,200
Speaker 2: I mean, it's a lot of money, but that's assuming

990
00:44:36,480 --> 00:44:38,959
Speaker 2: we go on a date night at least once a week,

991
00:44:39,160 --> 00:44:40,960
Speaker 2: you know, for the for the entire year. But we'll

992
00:44:40,960 --> 00:44:45,680
Speaker 2: see an anonymous user posted grateful for my wife and

993
00:44:45,880 --> 00:44:48,640
Speaker 2: new house that I just bought and our little bundle

994
00:44:48,680 --> 00:44:52,080
Speaker 2: of joy due in May able to afford due to

995
00:44:52,239 --> 00:44:55,799
Speaker 2: my new rays at work. Dude, again, there's a lot

996
00:44:55,840 --> 00:44:58,600
Speaker 2: of thanks thankfulness here, coming back to family and some

997
00:44:58,640 --> 00:45:01,240
Speaker 2: of these things that her a bit more in life.

998
00:45:01,640 --> 00:45:04,480
Speaker 2: So I love that. Actually. On the note of babies

999
00:45:04,560 --> 00:45:06,919
Speaker 2: and growing your family, John Over on Instagram, he said

1000
00:45:06,960 --> 00:45:10,040
Speaker 2: that they are expecting their baby girl in the spring

1001
00:45:10,080 --> 00:45:13,400
Speaker 2: as well. They didn't go into debt, they didn't once

1002
00:45:13,480 --> 00:45:16,200
Speaker 2: touch their six month emergency fund. They even saved a

1003
00:45:16,200 --> 00:45:18,879
Speaker 2: little bit for a retirement, not nearly, not quickly as

1004
00:45:18,960 --> 00:45:22,480
Speaker 2: they not as much as they were prior to going

1005
00:45:22,520 --> 00:45:24,920
Speaker 2: all in on in Vitro. So they were doing this

1006
00:45:25,040 --> 00:45:28,000
Speaker 2: is not cheap. Ivf man so expensive. But they were

1007
00:45:28,080 --> 00:45:32,320
Speaker 2: able to do that and grow their family without negatively

1008
00:45:32,400 --> 00:45:34,799
Speaker 2: impacting their finances in a serious way.

1009
00:45:34,800 --> 00:45:37,760
Speaker 1: Isn't that so cool? Yeah, that's yeah, I'm super pumped

1010
00:45:37,760 --> 00:45:40,000
Speaker 1: for you, John. I'll share al win from my older

1011
00:45:40,040 --> 00:45:42,719
Speaker 1: sister who just moved. They bought a house kind of

1012
00:45:42,760 --> 00:45:45,879
Speaker 1: further out in the country. They wanted some acres and

1013
00:45:46,800 --> 00:45:49,200
Speaker 1: she got a raise like simultaneous with this move, and

1014
00:45:49,239 --> 00:45:51,319
Speaker 1: so it's just like there's that Oh man, it's just

1015
00:45:51,440 --> 00:45:54,000
Speaker 1: freed up. We're making a big decision. And it's nice

1016
00:45:54,000 --> 00:45:56,520
Speaker 1: to be like have extra income when you're taking on,

1017
00:45:56,560 --> 00:45:59,960
Speaker 1: when you're biting off a new financial responsibilities.

1018
00:46:00,080 --> 00:46:02,239
Speaker 2: So sounds like yeah and.

1019
00:46:02,600 --> 00:46:06,400
Speaker 1: Yeah, a raise of work is just such allows people

1020
00:46:06,440 --> 00:46:09,799
Speaker 1: to then more income coming in make smart moves.

1021
00:46:10,200 --> 00:46:10,279
Speaker 2: Uh.

1022
00:46:10,480 --> 00:46:12,759
Speaker 1: Jasmine wrote, I'm grateful that I was able to pick

1023
00:46:12,800 --> 00:46:16,320
Speaker 1: up four classes at two universities as an adjunct next semester.

1024
00:46:16,400 --> 00:46:18,640
Speaker 1: That would give my income a big bump to help

1025
00:46:18,680 --> 00:46:21,759
Speaker 1: afford college tuition for my oldest kid who's heading off

1026
00:46:21,760 --> 00:46:22,800
Speaker 1: to college in August.

1027
00:46:23,400 --> 00:46:24,000
Speaker 2: Big steps.

1028
00:46:24,080 --> 00:46:26,960
Speaker 1: Yeah, nicely done, Professor Jasmine.

1029
00:46:27,239 --> 00:46:28,440
Speaker 2: I'm just imagining.

1030
00:46:28,080 --> 00:46:30,640
Speaker 1: Jasmine over here, Matt wearing like a tweed coat with

1031
00:46:30,680 --> 00:46:33,120
Speaker 1: the elbow patches and maybe even a pipe hanging out

1032
00:46:33,160 --> 00:46:33,480
Speaker 1: of her mouth.

1033
00:46:33,480 --> 00:46:35,200
Speaker 2: I don't know, Yeah, professor, still do that or is

1034
00:46:35,239 --> 00:46:37,400
Speaker 2: that just an antiquated Nope, Nope, they do in the

1035
00:46:37,680 --> 00:46:43,239
Speaker 2: classical education world. Okay, that's awesome. I love that you're

1036
00:46:43,280 --> 00:46:45,840
Speaker 2: wanting to make college more affordable for your sounds like

1037
00:46:45,880 --> 00:46:47,920
Speaker 2: your first kid who's going off to college, And man,

1038
00:46:47,920 --> 00:46:50,200
Speaker 2: that's such a tough nut to crack. As I think about, like,

1039
00:46:50,200 --> 00:46:52,360
Speaker 2: we're not that far from that, Like as we were

1040
00:46:52,360 --> 00:46:54,520
Speaker 2: just talking about babysitting money. When I did the math,

1041
00:46:54,560 --> 00:46:57,120
Speaker 2: I like I did it often to the teenage yeers,

1042
00:46:57,120 --> 00:47:00,120
Speaker 2: and that's like five years yeah, of doing that, and

1043
00:47:00,320 --> 00:47:02,560
Speaker 2: we're gonna have to figure out like the balance to

1044
00:47:02,600 --> 00:47:06,560
Speaker 2: strike between wanting to set them up financially, because on one hand,

1045
00:47:06,600 --> 00:47:08,680
Speaker 2: you want to remove like as many of the financial

1046
00:47:08,680 --> 00:47:11,640
Speaker 2: obstacles from their path as possible. But is that more

1047
00:47:11,640 --> 00:47:14,440
Speaker 2: important or is it more important to prepare them to

1048
00:47:14,520 --> 00:47:17,320
Speaker 2: be able to handle not only the financial obstacles in

1049
00:47:17,360 --> 00:47:19,200
Speaker 2: their life, but all the obstacles that are gonna come

1050
00:47:19,200 --> 00:47:22,160
Speaker 2: their way as they venture off into adulthood. And that's

1051
00:47:22,160 --> 00:47:25,160
Speaker 2: something that Yeah, stay tuned, folks, because we don't have

1052
00:47:25,200 --> 00:47:27,279
Speaker 2: that one figured out, to be honest, Like I tend

1053
00:47:27,320 --> 00:47:28,879
Speaker 2: to waffle. I tend to go back and forth where

1054
00:47:28,920 --> 00:47:31,279
Speaker 2: we're with us as what we're learning. Yeah, because I

1055
00:47:31,320 --> 00:47:34,080
Speaker 2: tend to want to say set more aside at points

1056
00:47:34,200 --> 00:47:36,040
Speaker 2: in the year, but then at other points in the year,

1057
00:47:36,080 --> 00:47:38,319
Speaker 2: I'm thinking, well, I don't it's not even necessary. And

1058
00:47:38,360 --> 00:47:41,640
Speaker 2: are they even gonna go off to higher education? Maybe

1059
00:47:41,920 --> 00:47:43,759
Speaker 2: I don't. I don't know, Like it's tough to know

1060
00:47:43,800 --> 00:47:45,880
Speaker 2: what the future holds. So yeah, you kind of have

1061
00:47:45,960 --> 00:47:48,319
Speaker 2: to balance all those priorities. It is.

1062
00:47:48,360 --> 00:47:50,440
Speaker 1: But I'm glad that Jasmine was able to pick up

1063
00:47:50,440 --> 00:47:52,480
Speaker 1: those additional classes so that she can help.

1064
00:47:52,360 --> 00:47:55,240
Speaker 2: At two universities. Yeah, it's a little tougher to bounce

1065
00:47:55,239 --> 00:47:56,000
Speaker 2: back and forth like that.

1066
00:47:56,000 --> 00:47:58,600
Speaker 1: That's right, it is, Yeah, probably, But it sounds like

1067
00:47:58,760 --> 00:48:00,799
Speaker 1: Jasmine is the kind of person who can do it all.

1068
00:48:00,920 --> 00:48:03,480
Speaker 1: So which is what's really neat Matt. I just I

1069
00:48:03,560 --> 00:48:07,040
Speaker 1: love celebrating money wins with listeners. I think it is yeah,

1070
00:48:07,160 --> 00:48:10,480
Speaker 1: like and just to be like, hey, not even just

1071
00:48:10,560 --> 00:48:12,680
Speaker 1: be like I crushed it this year, but be like, man,

1072
00:48:12,719 --> 00:48:16,160
Speaker 1: I'm so fortunate, so blessed, and there's just a lot

1073
00:48:16,239 --> 00:48:19,520
Speaker 1: to really be thankful for. These are all great things.

1074
00:48:19,560 --> 00:48:21,879
Speaker 1: Like people, there's a lot of intentionality and hard work

1075
00:48:21,960 --> 00:48:23,839
Speaker 1: behind a lot behind a lot of things that we're

1076
00:48:23,840 --> 00:48:26,960
Speaker 1: shared on today's episode. But also I think just this

1077
00:48:27,080 --> 00:48:30,239
Speaker 1: recognition that, like, there are all sorts of things that

1078
00:48:30,280 --> 00:48:33,320
Speaker 1: could have happened to us and that could have prevented

1079
00:48:33,360 --> 00:48:34,879
Speaker 1: us from reaching some of these goals, so we should

1080
00:48:34,920 --> 00:48:37,319
Speaker 1: be thankful at the same time while also kind of

1081
00:48:37,520 --> 00:48:39,040
Speaker 1: working hard to achieve those things.

1082
00:48:39,160 --> 00:48:42,120
Speaker 2: Heck. Yeah, Well, normally after a long hour longer episode

1083
00:48:42,160 --> 00:48:44,080
Speaker 2: like this, we are talking about our beer, but I

1084
00:48:44,120 --> 00:48:46,600
Speaker 2: don't think we were actually even planning planning we're going

1085
00:48:46,680 --> 00:48:49,480
Speaker 2: that long like we have on this episode. But we

1086
00:48:49,520 --> 00:48:52,839
Speaker 2: hope everyone who's listening has enjoyed maybe a quick little

1087
00:48:52,880 --> 00:48:55,000
Speaker 2: break away from your family, and I'll get back in there,

1088
00:48:55,120 --> 00:48:56,640
Speaker 2: get back in the throng.

1089
00:48:56,719 --> 00:48:58,799
Speaker 1: I think turkey is almost better the next day because

1090
00:48:58,800 --> 00:49:00,480
Speaker 1: you got to put it on like a role right,

1091
00:49:00,560 --> 00:49:01,760
Speaker 1: So I'm really looking forward.

1092
00:49:01,560 --> 00:49:03,760
Speaker 2: To leftovers as you can smear some of that cranberry

1093
00:49:03,760 --> 00:49:06,160
Speaker 2: sauce on there to to juice it up a little

1094
00:49:06,160 --> 00:49:08,760
Speaker 2: bit thing, right, like dip it in some gravy.

1095
00:49:08,760 --> 00:49:11,560
Speaker 1: Even actual favorite a little bit of aju is what's

1096
00:49:11,560 --> 00:49:12,680
Speaker 1: your absolute favorite.

1097
00:49:12,400 --> 00:49:15,360
Speaker 2: Thing that you don't Thanksgiving? I mean, honestly, is like

1098
00:49:15,360 --> 00:49:17,719
Speaker 2: a smoke turkey dipped in some nice gravy. Like it's

1099
00:49:17,760 --> 00:49:21,040
Speaker 2: tough to beat that little little best of both worlds.

1100
00:49:21,440 --> 00:49:23,680
Speaker 2: One of my daughters has gotten into baking recently, though,

1101
00:49:23,800 --> 00:49:28,480
Speaker 2: and we were planning on her baking her famous lemon pie.

1102
00:49:28,960 --> 00:49:31,440
Speaker 2: She made it over the summer fourth of July and

1103
00:49:31,719 --> 00:49:35,080
Speaker 2: we couldn't believe how stinking good it was, so there

1104
00:49:35,080 --> 00:49:37,560
Speaker 2: have been multiple votes to get her to even though

1105
00:49:37,560 --> 00:49:39,879
Speaker 2: a lemon pie isn't like a really it does sound

1106
00:49:39,920 --> 00:49:41,839
Speaker 2: more like a summer it does a pie right like

1107
00:49:42,280 --> 00:49:44,840
Speaker 2: the fall pies. And we're like, you got your pumpkins,

1108
00:49:44,840 --> 00:49:48,000
Speaker 2: you got your pecan or the peacans like they say

1109
00:49:48,080 --> 00:49:49,879
Speaker 2: down in the South. But so I don't know, we'll

1110
00:49:49,880 --> 00:49:52,160
Speaker 2: see how the lemon feels in the fall, but I'm

1111
00:49:52,160 --> 00:49:54,920
Speaker 2: certainly looking forward to that too. Yeah, what about you? Sorry, Yeah,

1112
00:49:54,960 --> 00:49:57,520
Speaker 2: you love mashed potatoes, that's your favorite side. Yeah? Probably

1113
00:49:57,640 --> 00:50:00,440
Speaker 2: you smush it down with the supers sprout, create the

1114
00:50:00,480 --> 00:50:03,359
Speaker 2: pool with the Gravyes and Gravey in there. Classic. I mean,

1115
00:50:03,440 --> 00:50:05,000
Speaker 2: I can, We'll flat down at no time. I love

1116
00:50:05,040 --> 00:50:06,560
Speaker 2: creating a little volcano as a kid.

1117
00:50:07,840 --> 00:50:10,680
Speaker 1: We hope everyone had a great Thanksgiving and we'll see

1118
00:50:10,680 --> 00:50:14,480
Speaker 1: you back here with a fresh ask count of money episode.

1119
00:50:14,080 --> 00:50:16,200
Speaker 2: Yep, on Monday, you know it. So until next time,

1120
00:50:16,360 --> 00:50:18,439
Speaker 2: best Friends Out and best Friends Out.