WEBVTT - Friday Flight: Leftover Turkey Edition! #1068 0:00:00.080 --> 0:00:03.120 Welcome to How the Money. I'm Joel and I am Matt, 0:00:03.279 --> 0:00:06.240 and this is a Friday Flight Leftover Turkey edition. 0:00:25.000 --> 0:00:27.760 Joel's Favorite Leftovers. Was it last week that you were 0:00:27.800 --> 0:00:30.560 just singing the praises of how we all need to 0:00:30.560 --> 0:00:33.240 be eating more turkey? Turkey's underrated? Was it as good 0:00:33.560 --> 0:00:35.959 Joel as you imagined it? I don't know, because we're 0:00:35.960 --> 0:00:38.720 pre recording this, Mack, because of course we didn't record 0:00:38.760 --> 0:00:41.080 on actual Thanksgiving Day. We'll tell you what with our 0:00:41.120 --> 0:00:43.440 respective families doing all the things that you do and 0:00:43.520 --> 0:00:45.640 I didn't need, I'll tell you that that's a crime 0:00:45.680 --> 0:00:50.400 against humanity. You know Fenra, the one of the regulatory bodies. 0:00:50.400 --> 0:00:53.760 Oh yeah, have you seen the ad for the girl 0:00:54.120 --> 0:00:58.200 who is thinking about investing in meat based tofu company? 0:01:00.040 --> 0:01:02.520 Look it up. It's basically calling attention to some of 0:01:02.560 --> 0:01:05.040 the things that we get distracted by and we think, oh, 0:01:05.160 --> 0:01:08.119 maybe well we should invest in this company. And it's 0:01:08.160 --> 0:01:10.800 sort of like her conscience. It's sort of like what's 0:01:10.800 --> 0:01:14.040 the movie with the girlth of feelings and picks are 0:01:14.720 --> 0:01:17.000 oh oh inside out? Yeah yeah, it's sort of like 0:01:17.000 --> 0:01:19.320 inside out and she's got all these different versions of herself. 0:01:19.920 --> 0:01:22.720 She's trying to convince herself to invest in this meat 0:01:22.760 --> 0:01:25.720 based tofu company, or maybe it's a Tofu meat base. 0:01:25.760 --> 0:01:28.160 I don't know. But one of the questions was like 0:01:28.200 --> 0:01:30.600 does this even check out? And they say that, it's like, 0:01:30.640 --> 0:01:34.679 oh yeah, maybe not. That's exactly what I thought of, 0:01:34.800 --> 0:01:37.240 because yeah, that's when it comes investing. That's one of 0:01:37.280 --> 0:01:40.480 the things you need to consider is how logical is 0:01:40.520 --> 0:01:42.760 it to begin with? But no, okay, so we are 0:01:42.800 --> 0:01:44.800 doing this is a special episode. This is a special 0:01:44.840 --> 0:01:48.680 Friday flight, and we wanted to call special attention basically 0:01:48.760 --> 0:01:52.160 to thankfulness and some of the different things that listeners 0:01:52.160 --> 0:01:55.680 in particular that they have been able to achieve with 0:01:55.960 --> 0:01:58.840 their money, right, and not everyone that was at least 0:01:59.040 --> 0:02:00.920 what I was really to hear. A lot of folks 0:02:01.000 --> 0:02:04.400 shared just some of the listener money wins, some of 0:02:04.440 --> 0:02:06.280 the things they were able to accomplish over the year, 0:02:06.280 --> 0:02:09.200 which we love to hear. But specifically, I think this 0:02:09.240 --> 0:02:11.800 is a great episode after Thanksgiving as we are all 0:02:12.280 --> 0:02:17.280 expressing some things to basically really focus in on the 0:02:17.320 --> 0:02:19.760 different things that we're able to do in our lives 0:02:20.160 --> 0:02:22.880 with the money that we've been able to set aside 0:02:22.919 --> 0:02:25.320 with the fact that we no longer have this debt 0:02:25.360 --> 0:02:27.400 that's hanging over our head. Right, what you're doing for 0:02:27.440 --> 0:02:29.160 my life? What is it doing for you? And how 0:02:29.200 --> 0:02:33.240 can I express gratitude? Because yeah, yeah, what are the larger, 0:02:33.360 --> 0:02:36.840 more important things in life? Because money is just a tool, 0:02:37.040 --> 0:02:39.280 it's not And we don't want people to think about 0:02:39.280 --> 0:02:41.760 how much money they have set aside in their nest 0:02:41.800 --> 0:02:45.919 egg as like a score, like a high like a scoreboard. Basically, 0:02:46.280 --> 0:02:50.200 it's less about that external keeping of score and more 0:02:50.240 --> 0:02:52.600 for you what you're able to achieve with that money, 0:02:52.600 --> 0:02:53.560 connecting it to real life. 0:02:53.600 --> 0:02:55.840 It's less of like I'm thankful for twenty two percent 0:02:55.960 --> 0:02:58.680 returns in my you know, in my four oh one 0:02:58.760 --> 0:03:00.679 k or something like that. It is more where the 0:03:00.760 --> 0:03:02.720 rubber meets the road, which is like, man, there were 0:03:02.720 --> 0:03:04.359 a lot of great ones that we're looking forward to 0:03:04.400 --> 0:03:06.840 sharing with you. We requested them on Facebook and on 0:03:06.880 --> 0:03:09.600 Instagram and we just had a ton of great responses 0:03:09.639 --> 0:03:12.800 from listeners. So who are grateful for the ways that 0:03:12.840 --> 0:03:16.360 money has and smart money management has impacted their lives 0:03:16.360 --> 0:03:19.079 and allowed them to live really the life they want 0:03:19.120 --> 0:03:22.120 to live, not just like hey, I didn't a million 0:03:22.160 --> 0:03:25.400 dollars to my net worth which feels seven digits. 0:03:25.440 --> 0:03:27.240 Baby, Yeah, that's part of it. 0:03:27.240 --> 0:03:29.120 Like, I don't want to say that that's dumb, because 0:03:29.160 --> 0:03:31.720 tracking your net worth matters, and it is okay to 0:03:31.760 --> 0:03:33.760 be grateful. Hey, my net worth grew this year. That's 0:03:33.840 --> 0:03:36.520 that's pretty cool. But there are other, I think ways 0:03:36.560 --> 0:03:40.080 where where money hits the things that matter, and a 0:03:40.080 --> 0:03:41.400 lot of listeners share stuff like that. 0:03:41.400 --> 0:03:42.280 Makes me think. I think. 0:03:42.280 --> 0:03:44.960 I think I'm most grateful for from this past year 0:03:45.080 --> 0:03:47.720 in terms of money, is Matt that we were able 0:03:47.720 --> 0:03:49.520 to take a big trunk of time off this summer. 0:03:49.600 --> 0:03:51.520 I don't know if listeners remember that. Yeah, we had 0:03:51.520 --> 0:03:53.880 some replays there for like four weeks. 0:03:53.760 --> 0:03:54.360 Or something like that. 0:03:54.960 --> 0:03:57.640 We were gone and it was nice. Not because it's 0:03:57.840 --> 0:04:00.160 so good. I don't like recording the podcast with you, 0:04:00.280 --> 0:04:01.560 or I don't like what we do. I love what 0:04:01.600 --> 0:04:04.040 we do, but it was nice to get that break. 0:04:04.320 --> 0:04:08.000 It was nice to travel with the fam, and that's 0:04:08.000 --> 0:04:11.400 one of those things that money really touches. Our ability 0:04:11.760 --> 0:04:14.760 to do that and not have flop sweat the whole 0:04:14.760 --> 0:04:16.479 time be like, oh, okay. 0:04:16.880 --> 0:04:18.840 Had you ever done that in your entire life, your 0:04:18.920 --> 0:04:20.680 entire working career up until this past time. 0:04:20.760 --> 0:04:24.960 I had taken one long trip. It was it was 0:04:25.080 --> 0:04:27.279 very very early in my career. It's funny, after I 0:04:27.400 --> 0:04:30.040 left and I quit my job, they laid off a 0:04:30.080 --> 0:04:33.080 bunch of people, like pretty quickly after anyway. But I 0:04:33.560 --> 0:04:35.440 took like three months of three throw trip. You were 0:04:35.440 --> 0:04:38.200 like twenties, like twenty two two, Okay, Yeah, Like that's. 0:04:38.040 --> 0:04:39.640 The kind of thing you do very early on before 0:04:39.680 --> 0:04:42.840 you have early responsibilities, before your prefrontal cortex. It's fully 0:04:42.880 --> 0:04:45.680 that's right, Yeah, that's right. Pretty sure yours didn't fully 0:04:45.680 --> 0:04:47.160 close up until you were twenty five. It was at 0:04:47.240 --> 0:04:49.159 least twenty five. That was definitely the case with me. 0:04:49.480 --> 0:04:51.640 But yeah, but within your actual working career, when you 0:04:51.720 --> 0:04:56.080 had responsibilities and goals and financial goals and things that 0:04:56.120 --> 0:04:59.120 you were trying to achieve in your life. Right, Similarly, 0:04:59.240 --> 0:05:01.800 I'd never done something like that. And on a similar note, 0:05:01.800 --> 0:05:04.440 I'll say I'm thankful for our ability, not yes, that 0:05:04.520 --> 0:05:06.400 was awesome over the summer, for sure, but even something 0:05:06.400 --> 0:05:09.560 as simple as the week this episode comes out. We 0:05:09.640 --> 0:05:13.000 recorded this last week, and the ability to take this 0:05:13.160 --> 0:05:16.200 entire Thanksgiving week off man, So thankful for that, to 0:05:16.200 --> 0:05:19.640 be able to spend time again with families. Kids aren't 0:05:19.600 --> 0:05:20.760 in school, so to be able to spend some of 0:05:20.760 --> 0:05:23.119 that quality time with even with them, not even doing 0:05:23.120 --> 0:05:26.280 the Thanksgiving stuff, but even just some of the some 0:05:26.320 --> 0:05:28.719 of the stuff sometimes you forget, right, like with daylight 0:05:28.720 --> 0:05:30.560 savings having changed, Like I was just talking to my 0:05:30.600 --> 0:05:33.719 little dude yesterday, It's like, man, it stinks because now 0:05:33.960 --> 0:05:35.600 if there's something going on at school, by the time 0:05:35.600 --> 0:05:37.400 you get home, it's already dark outside. We can't go 0:05:37.440 --> 0:05:40.360 outside through the frisbee. That's something that we can do 0:05:40.720 --> 0:05:43.359 on a Monday, on a Tuesday before traveling off to 0:05:43.360 --> 0:05:45.000 see family. You know, we got a lot to be 0:05:45.000 --> 0:05:45.440 thankful for. 0:05:45.520 --> 0:05:48.039 Yeah, absolutely, all right, So shall we get into the 0:05:48.600 --> 0:05:51.160 listener list you and to kick it off with Sarah? 0:05:51.200 --> 0:05:51.680 Sure? All right. 0:05:51.760 --> 0:05:53.880 So Sarah wrote in she said, I'm grateful for the 0:05:53.920 --> 0:05:57.440 savings that I have while I'm furloughed by the government. 0:05:57.480 --> 0:06:01.279 And so she wrote this, of course, while the government 0:06:01.360 --> 0:06:03.080 was shut down like a week. 0:06:02.880 --> 0:06:04.080 And a half ago or something like that. 0:06:04.440 --> 0:06:08.000 And Sarah, I'm so glad you were prepared for the 0:06:08.040 --> 0:06:12.000 longest government shut down in history. There was so much 0:06:12.000 --> 0:06:14.080 anxiety map for so many folks over the course of 0:06:14.080 --> 0:06:14.520 the shutdown. 0:06:14.520 --> 0:06:15.200 It was like six weeks. 0:06:15.279 --> 0:06:18.719 Think about being an inner traffic controller called into work 0:06:19.080 --> 0:06:22.839 and not getting paid. That's gonna be frustrating, like I 0:06:22.839 --> 0:06:25.360 would be. I'd have a tough time with that, And 0:06:25.880 --> 0:06:29.040 especially at this point, given how our politicians tend to 0:06:29.040 --> 0:06:32.479 act in these situations, there's just no other reasonable way forward. 0:06:32.480 --> 0:06:34.479 I don't think for government workers, or really for anyone. 0:06:34.600 --> 0:06:36.680 We want all how the money listeners to be prepared 0:06:36.960 --> 0:06:39.920 with liquid cash and a bare bones budget. Those two 0:06:39.920 --> 0:06:43.000 things simultaneously could be a big help if tough times 0:06:43.040 --> 0:06:45.080 come along. So Sarah, I'm so glad you didn't have 0:06:45.120 --> 0:06:47.159 to worry and fret. And then that's what a great 0:06:47.160 --> 0:06:47.839 thing to be thankful for. 0:06:48.000 --> 0:06:50.120 Absolutely, And so I think what I'm going to do 0:06:50.160 --> 0:06:53.840 here too, is that some listeners didn't say necessarily why 0:06:54.680 --> 0:06:57.240 they are thankful for the things that they mentioned. But 0:06:57.320 --> 0:06:59.560 like in her case, I'm sure it was stressed, right. 0:06:59.600 --> 0:07:02.720 It wasn't frustration of not getting paid, but stress and 0:07:02.760 --> 0:07:05.520 being afraid that, oh my gosh, we might have to 0:07:05.520 --> 0:07:07.600 go into debt. Like we don't normally spend on our 0:07:07.640 --> 0:07:10.800 credit cards, We normally don't carry a balance from month 0:07:10.840 --> 0:07:12.640 to month. And this was an instance, with a shutdown 0:07:12.680 --> 0:07:16.000 that literally would have actually rolled into that statement, and 0:07:16.040 --> 0:07:19.040 so the ability to avoid that kind of stress, Oh 0:07:19.040 --> 0:07:22.000 my gosh it maybe she would have been even tempted 0:07:22.040 --> 0:07:23.800 to take on another job, and that's not something that 0:07:23.840 --> 0:07:26.000 she had to do because of the fact she was 0:07:26.000 --> 0:07:29.920 able to tap her emergency fund. Greg wrote getting to 0:07:29.960 --> 0:07:33.360 do a monthly budget with my spouse number two hundred 0:07:33.400 --> 0:07:36.680 and five tonight. We started back in September of two 0:07:36.720 --> 0:07:40.400 thousand and eight and we haven't missed one yet. I specifically, 0:07:40.560 --> 0:07:42.640 I really love this and I want to highlight the 0:07:42.640 --> 0:07:44.920 fact a man after your own heart. Yes, well, and 0:07:44.960 --> 0:07:47.040 he said that he gets to do this like getting 0:07:47.120 --> 0:07:50.040 to do a monthly budget. What that tells me is 0:07:50.040 --> 0:07:52.920 that he like, why is he pumped that he's able 0:07:52.960 --> 0:07:54.840 to do that well? Because he gets to work as 0:07:54.880 --> 0:07:57.080 a team with his wife. The fact that they have 0:07:57.120 --> 0:08:00.520 a shared vision, the fact that they probably have shared goals, 0:08:00.560 --> 0:08:02.760 and to be able to have such great communication like 0:08:02.800 --> 0:08:05.520 that with your partner, that is amazing. Like, I'm thankful 0:08:05.520 --> 0:08:07.560 for my wife that I'm able to do something really 0:08:07.600 --> 0:08:11.320 similar where we are. It's a more collaborative sort of 0:08:11.760 --> 0:08:15.120 approach to our finances as opposed to one feeling like 0:08:15.840 --> 0:08:17.200 all they want to do is spend and the other 0:08:17.240 --> 0:08:20.040 one feeling like all they want to do is save, right, Like, 0:08:20.080 --> 0:08:22.280 which I know that's the dynamic with some folks, but 0:08:22.360 --> 0:08:25.040 being able to talk about that by planning out with 0:08:25.120 --> 0:08:26.600 a budget, that's huge, I think. 0:08:26.640 --> 0:08:29.760 I think it also just shows that consistency is clutch, right, 0:08:29.800 --> 0:08:33.559 and doing something with regularity over a long period of time, 0:08:34.000 --> 0:08:36.520 like you're gonna get where you're trying to go. And 0:08:36.559 --> 0:08:39.600 if you're like you're doing it halfway here and there 0:08:39.600 --> 0:08:41.280 and you're like, eh, maybe we'll meet this month, maybe 0:08:41.320 --> 0:08:43.920 we won't, you're just not going to have that focus 0:08:44.120 --> 0:08:47.040 really matters. And so I'm sure that Greg, having done 0:08:47.040 --> 0:08:51.640 this for seventeen years, that's gonna Yeah, that's gonna. 0:08:51.520 --> 0:08:53.760 Make a big difference in his ability to achieve those 0:08:53.800 --> 0:08:59.560 goals with his spouse. Compounding budgeting returns, Yeah that's not 0:08:59.600 --> 0:09:01.760 really a thing, but I'm sure that's what he's experienced. 0:09:01.880 --> 0:09:04.920 Like, yeah, exactly, all right. Carly said, we needed a 0:09:04.920 --> 0:09:06.839 bigger house, but we lived in a high cost of 0:09:06.880 --> 0:09:09.000 living area. So we sold our house, paid off what 0:09:09.080 --> 0:09:11.240 little debt we had, and moved to another state where 0:09:11.280 --> 0:09:13.520 the cost of living is cheaper, and we got our 0:09:13.640 --> 0:09:15.960 dream fixer upper. We're debt free, and we cut our 0:09:15.960 --> 0:09:19.240 insurance premiums by fifty percent by my husband taking a 0:09:19.280 --> 0:09:19.800 different job. 0:09:19.880 --> 0:09:23.840 Dude, this is such a baller move, right, like doing 0:09:23.880 --> 0:09:27.199 something that extreme. I mean, generally speaking, Americans are moving 0:09:27.400 --> 0:09:30.680 for opportunity at a lower rate than the historical average. 0:09:30.720 --> 0:09:32.240 But it can just be such a great way to 0:09:32.280 --> 0:09:36.360 massively shift your personal finances. And in large part because 0:09:36.640 --> 0:09:39.080 oftentimes we think of just moving the money around the 0:09:39.080 --> 0:09:41.120 margins as how it is we can save money and 0:09:41.160 --> 0:09:43.280 get ahead. But I think it's worth considering something like this, 0:09:43.320 --> 0:09:47.679 something more drastic, because it can be just so substantive 0:09:48.040 --> 0:09:50.880 in allowing you to eradicate debt and just live the 0:09:50.880 --> 0:09:53.040 life you want. So Carly way to be debt free 0:09:53.200 --> 0:09:55.440 while still finding a way to own your own home too. Right, 0:09:55.480 --> 0:09:57.360 the fact that they were able to find a fixer upper, 0:09:57.480 --> 0:10:00.720 there's something about creating the the kind of home that 0:10:00.760 --> 0:10:03.320 you want to live in as well, which reading between 0:10:03.320 --> 0:10:05.080 the lines here a little bit, but it sounds like 0:10:05.080 --> 0:10:05.960 she was able to do that. 0:10:06.080 --> 0:10:08.320 I think it's just so easy to assume that you 0:10:08.400 --> 0:10:10.360 have to keep doing things the way you've been doing them. 0:10:10.440 --> 0:10:12.120 You're like, oh, well, this is the city we live 0:10:12.120 --> 0:10:14.640 in and this is the hand we've been dealt. And 0:10:14.760 --> 0:10:16.559 Carly and her family are like, now we can make 0:10:16.600 --> 0:10:18.560 a really big different decision. And guess what, They've got 0:10:18.559 --> 0:10:21.920 a lot less debt now they have they could probably 0:10:21.960 --> 0:10:24.280 have a lot more optionality, I would assume in the 0:10:24.320 --> 0:10:26.320 coming years for the work they want to do, if 0:10:26.360 --> 0:10:28.040 they want to work at all, which is which is 0:10:28.040 --> 0:10:28.520 really cool. 0:10:28.600 --> 0:10:30.480 So yeah, well I wanted to mention this as well. 0:10:30.520 --> 0:10:34.079 Her stated thankfulness she was thankful for was the bigger house, right, 0:10:34.360 --> 0:10:36.760 But why is she thankful for that bigger house? And again, 0:10:36.760 --> 0:10:38.640 I'm want to continue to maybe read into this more 0:10:38.679 --> 0:10:41.800 than maybe I should. But I'm assuming maybe they've got 0:10:41.800 --> 0:10:43.880 a growing family. Maybe they've got a bunch of kids 0:10:43.960 --> 0:10:47.280 and the kids were shared bedrooms and or meet or 0:10:47.360 --> 0:10:49.320 just even the ability to have a bigger place, to 0:10:49.320 --> 0:10:52.280 be able to host your family, to host friends, the 0:10:52.320 --> 0:10:55.800 ability to expand your social network. Some these are all 0:10:55.880 --> 0:10:58.000 reasons to be able to move somewhere where you can 0:10:58.040 --> 0:11:01.719 have a bigger house a little bit more. Maybe, or 0:11:01.760 --> 0:11:05.720 maybe they're not into having friends and family over. But 0:11:05.760 --> 0:11:08.880 maybe they're really they're hardcore entrepreneurs and they want to 0:11:08.920 --> 0:11:12.400 both have offices in their own home and the ability 0:11:12.520 --> 0:11:15.600 to I don't know, launch things like that out of there. 0:11:15.280 --> 0:11:18.320 There are so many different reasons why having a bigger 0:11:18.360 --> 0:11:22.800 place could lead to a higher standard of living for someone. Specifically, 0:11:22.880 --> 0:11:23.160 if the. 0:11:23.160 --> 0:11:24.920 Choice was well, let's add onto the home where we 0:11:24.920 --> 0:11:29.640 currently are, that could be incredibly expensive right in, especially 0:11:29.679 --> 0:11:32.280 in a high cost of living area, you might be 0:11:32.280 --> 0:11:35.600 in debt for that renovation for many, many, many years 0:11:35.679 --> 0:11:37.920 to come, and that puts you in a precarious spot 0:11:37.920 --> 0:11:40.200 where you have to keep working maybe more hours than 0:11:40.240 --> 0:11:42.400 you want, to keep communing in a way that you 0:11:42.440 --> 0:11:45.600 weren't down with, and so making a complete lifestyle change 0:11:45.600 --> 0:11:47.920 like this. It's not for everyone, but I'm glad that 0:11:47.960 --> 0:11:49.360 Carly and her family did it. Sounds like it was 0:11:49.360 --> 0:11:49.640 for them. 0:11:49.640 --> 0:11:51.520 I think it's Yeah, it's great for folks to hear 0:11:51.600 --> 0:11:54.440 that something like that is possible. Actually, Brian over on 0:11:54.480 --> 0:11:58.400 Instagram he said something similar. He basically described how they 0:11:58.600 --> 0:12:01.320 or he cut to the bone. He invested super aggressively 0:12:02.320 --> 0:12:05.240 years of hard work and preparation in order to achieve 0:12:05.320 --> 0:12:09.240 his dream of being a first time homeowner and I'm 0:12:09.240 --> 0:12:10.800 not going to read into this one. Maybe sometimes you 0:12:10.840 --> 0:12:13.240 just want to, oh need the tea leaves, Matt. Sometimes 0:12:13.320 --> 0:12:15.120 you just want to own your own place. Yeah, sometimes 0:12:15.200 --> 0:12:16.880 you want to be able to control your destiny a 0:12:16.920 --> 0:12:19.040 little bit more than you otherwise would be able to 0:12:19.080 --> 0:12:21.640 if you were just renting. So and the props to you, Brian. 0:12:21.679 --> 0:12:24.640 So we've talked about how renting is cheaper and almost 0:12:24.640 --> 0:12:26.559 everywhere in the country right now than buying. But I 0:12:26.600 --> 0:12:28.960 will say too, I had some friends recently who are 0:12:28.960 --> 0:12:32.559 renters and their landlord was selling the house and they 0:12:32.559 --> 0:12:35.160 had to leave, And so that is the downside of renting. 0:12:35.200 --> 0:12:37.040 If you really really want to stay somewhere and put 0:12:37.040 --> 0:12:39.000 down roots in the community, that is a good reason 0:12:39.040 --> 0:12:42.000 to buy, even if it's not like the smartest money 0:12:42.080 --> 0:12:45.319 move at this exact moment in time and people find 0:12:45.360 --> 0:12:47.440 themselves there's that kind of clock the stick and like, 0:12:47.480 --> 0:12:48.880 I want to own my own home and that makes 0:12:48.880 --> 0:12:50.640 sense too. So Brian, glad you were able to pull 0:12:50.679 --> 0:12:51.040 that off. 0:12:51.040 --> 0:12:51.240 Man. 0:12:51.480 --> 0:12:53.640 Let's get to another one from Cassie in who said 0:12:53.800 --> 0:12:57.800 my fiance needed a vehicle after his died. A looked 0:12:57.840 --> 0:12:59.920 at used anew but the costs were used was minim 0:13:00.320 --> 0:13:02.280 in savings, and I've been saving up for a bit. 0:13:02.320 --> 0:13:04.600 Now I was able to purchase a new twenty twenty 0:13:04.600 --> 0:13:06.720 five vehicle and pay it off in less than three months, 0:13:06.920 --> 0:13:08.320 and I'm back to being debt free. 0:13:08.360 --> 0:13:10.400 I like it, Dang, I like it so much. 0:13:10.520 --> 0:13:12.320 Yeah, Like this is the exact opposite of like the 0:13:12.400 --> 0:13:14.320 seven year loans that you and I've been talking about 0:13:14.400 --> 0:13:15.120 three months. 0:13:15.240 --> 0:13:17.880 Yeah. Yeah, Well, what this points to is the fact 0:13:17.960 --> 0:13:22.080 that this is something that Cassian saved up for, yes, 0:13:22.320 --> 0:13:25.319 and they had a goal of like they knew it 0:13:25.360 --> 0:13:27.480 sounded like they knew that this is something that was 0:13:27.600 --> 0:13:29.959 on the horizon, right, And so there's such a difference 0:13:30.040 --> 0:13:33.920 in getting this massive car loan that feels like it's 0:13:33.960 --> 0:13:36.480 completely out of control, that's just dragging you behind it 0:13:37.120 --> 0:13:39.360 and you're just constantly trying to catch up to it, 0:13:39.400 --> 0:13:42.120 as opposed to you being at the helm, like you 0:13:42.640 --> 0:13:44.480 being at the wheel of the ship and deciding where 0:13:44.520 --> 0:13:46.240 it is your dollars are going to go. Like, that's 0:13:46.280 --> 0:13:48.800 the difference here, and that's that's just what looking ahead 0:13:48.840 --> 0:13:51.120 and having a proper plan allows you to do. Agree. 0:13:51.160 --> 0:13:51.960 I love that so much. 0:13:52.000 --> 0:13:54.719 I think that's totally a win. Something to be grateful for. 0:13:55.040 --> 0:13:57.080 Nicole said, we saved three hundred bucks a month for 0:13:57.200 --> 0:13:59.520 three years for a trip to Finland. 0:13:59.520 --> 0:13:59.840 We went on. 0:14:00.559 --> 0:14:03.280 We flew business class, and we didn't worry about money 0:14:03.320 --> 0:14:06.240 the entire trip, and that's fancy. Still never flown business 0:14:06.240 --> 0:14:09.480 class someday, maybe before finding this podcast, we would have 0:14:09.640 --> 0:14:12.000 just charged it and worried about it when we got home. 0:14:12.360 --> 0:14:13.640 Thank you for the life changing advice. 0:14:13.760 --> 0:14:15.600 This is this is so similar to Cassie and right, 0:14:15.640 --> 0:14:18.080 like this is kind of a although yeah, I mean yeah, 0:14:18.080 --> 0:14:19.880 I would say this is very similar. It's knowing that 0:14:19.920 --> 0:14:22.720 this is something that's on the horizon, preparing for it. 0:14:22.880 --> 0:14:24.920 In one case, one might feel a little bit more 0:14:24.960 --> 0:14:27.840 necessary your transportation, but I'm also going to say that 0:14:27.880 --> 0:14:31.800 a brand new way to get yourself around isn't you know, 0:14:31.840 --> 0:14:34.240 quote unquote necessary thing. In the same way that someone 0:14:34.240 --> 0:14:36.680 would say that, well, travel's not necessary, but I don't know, 0:14:36.720 --> 0:14:39.000 to Nicole, she might say, yeah, well now this is important. 0:14:39.040 --> 0:14:41.960 And that's the thing, like, whatever it is, if something's 0:14:42.000 --> 0:14:44.160 important to you, make sure that you are socking the 0:14:44.160 --> 0:14:46.640 dollars away to in order to achieve that goal. 0:14:46.720 --> 0:14:49.120 And I feel like it contributes to the enjoyment of 0:14:49.160 --> 0:14:49.560 the trip. 0:14:49.920 --> 0:14:50.120 One. 0:14:50.240 --> 0:14:52.760 There's something about planning ahead for a long period of time, 0:14:52.840 --> 0:14:55.440 like looking forward to a trip for is one of 0:14:55.480 --> 0:14:57.360 the We've talked to Scott Kay's about this is one 0:14:57.400 --> 0:14:58.600 of the best parts of the trip. You get to 0:14:58.640 --> 0:15:00.480 plan and think about it and like be like, oh man, 0:15:00.480 --> 0:15:02.680 that's coming up. That's how I feel about concerts, Matt. 0:15:02.680 --> 0:15:04.240 I've got a few concerts on the book for next 0:15:04.320 --> 0:15:06.200 year and I'm like, can't wait for that thing. I'm 0:15:06.200 --> 0:15:08.520 so stoked. And the same thing is true of trips 0:15:08.520 --> 0:15:11.160 and for planning, and then on the back end there 0:15:11.200 --> 0:15:13.360 is just none of that angst or anxiety being like. 0:15:13.320 --> 0:15:15.880 Oh man, how much do we owe? How much do 0:15:15.960 --> 0:15:17.080 we spend? Do we overdo it? 0:15:17.360 --> 0:15:19.680 Knowing that you have the money set aside is clutch 0:15:19.760 --> 0:15:22.560 as opposed to yeah, putting that on credit cards, getting 0:15:22.560 --> 0:15:26.360 stuck with a twenty two percent interest rate on nothing. Yeah, 0:15:26.400 --> 0:15:28.680 the trip costs me even more than financially. It's just 0:15:28.720 --> 0:15:29.960 even it's gonna cost you even more. 0:15:30.080 --> 0:15:30.640 Let's be honest. 0:15:30.640 --> 0:15:33.720 Traveling with Scandinavia ain't cheap because I think even like 0:15:33.920 --> 0:15:36.560 a happy meal, there's like twenty two dollars or something. Yeah, 0:15:36.760 --> 0:15:38.320 you think you think food prices are bad here in 0:15:38.360 --> 0:15:41.440 the US, guys, you just hold on, Okay, Sarah wrote 0:15:41.680 --> 0:15:45.240 cash following my daughter's first three semesters of college and 0:15:45.320 --> 0:15:48.000 having more available in savings. 0:15:47.520 --> 0:15:50.440 For upcoming semesters. I think this is awesome the fact 0:15:50.480 --> 0:15:52.560 that this is a goal of your Sarah, this was 0:15:52.600 --> 0:15:54.480 something that you wanted to achieve, and I'm so glad 0:15:54.480 --> 0:15:56.400 that you were able to achieve that. I think there's 0:15:56.600 --> 0:16:02.360 a beautiful thing. And I think also simultaneously making sure 0:16:02.400 --> 0:16:06.280 that you are encouraging your daughter to maybe find ways 0:16:06.320 --> 0:16:09.600 to lower the cost of school, right like applying for scholarships, 0:16:10.400 --> 0:16:12.880 an on campus job, becoming an ra, different things like that. 0:16:12.880 --> 0:16:15.320 These are already conversations I've already started with my seventh grader. 0:16:15.840 --> 0:16:17.640 She's like, Okay, how much does college cost? How do 0:16:17.680 --> 0:16:20.600 scholarships work? They just give you that money. I'm like, yeah, yeah, 0:16:20.600 --> 0:16:22.960 this is how this works. You have to earn it, 0:16:23.160 --> 0:16:25.520 like you know, just give it to you for free. 0:16:25.800 --> 0:16:27.840 So I mean, I was like, sometimes there are scholarships 0:16:27.880 --> 0:16:29.640 out there and you got to write an essay, but 0:16:29.720 --> 0:16:31.960 if very few people know about it, there's not a 0:16:31.960 --> 0:16:33.800 whole lot of competition. So you could get that one 0:16:33.880 --> 0:16:38.360 year after year. Just helping our kids to understand how 0:16:38.600 --> 0:16:41.160 scholarships work. I think that's a good conversation to have. 0:16:41.360 --> 0:16:42.960 I did work study when I was at school. I 0:16:43.000 --> 0:16:43.560 was also an RA. 0:16:43.840 --> 0:16:45.440 I don't think I was a good ra MAP, but 0:16:45.480 --> 0:16:47.480 I was an RA and I still got like the 0:16:47.520 --> 0:16:51.280 thousands of dollars credit towards housing, So it was nice. 0:16:51.400 --> 0:16:53.680 It was worth the effort. Although I don't know if 0:16:53.720 --> 0:16:55.600 they liked having me or not, but I did it 0:16:55.680 --> 0:16:58.720 all right. So Isabella on Instagram said, I'm thankful for 0:16:58.800 --> 0:17:01.640 the good relationship we have with our landlord because they're 0:17:01.680 --> 0:17:04.000 now allowing us to lease month to month without any 0:17:04.000 --> 0:17:06.199 rent increase. This is going to allow us to have 0:17:06.240 --> 0:17:08.840 patience when we begin searching to buy a home next year. 0:17:08.960 --> 0:17:10.600 We're not going to feel rushed and we can wait 0:17:10.600 --> 0:17:12.800 for the right home when it comes. I'm very glad 0:17:12.840 --> 0:17:15.480 we switched from a large apartment complex to a nice 0:17:15.480 --> 0:17:17.439 little lady who owns a few properties. 0:17:17.800 --> 0:17:18.200 Love it. 0:17:18.359 --> 0:17:20.639 We talk about mom and pop landlords regularly and not 0:17:20.880 --> 0:17:23.000 they are not all created equal. I want to stress 0:17:23.040 --> 0:17:25.639 that just because it's a small local landlord does not 0:17:25.760 --> 0:17:29.520 mean they are going to be awesome or easy to 0:17:29.560 --> 0:17:33.040