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Speaker 1: Welcome to How the Money. I'm Joel on Matt and

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Speaker 1: today we're talking cheating charities, sketchy retailer tactics, and starving

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Speaker 1: to save a man, starving to save that. You know,

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Speaker 1: I don't think that's gonna be to click baity of

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Speaker 1: of a title. This is truly something we are going

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Speaker 1: to talk about. This is a story you're gonna respond to.

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Speaker 1: Kind of a clickbait headline. We saw this, yeah, and

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Speaker 1: obviously starving to to save money that's not something that

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Speaker 1: we're gonna we're gonna recommend, but we'll get to all

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Speaker 1: of these stories. This is our Friday flight. Specifically, we're

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Speaker 1: covering the different headlines that we've come across this week,

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Speaker 1: the ones that we think you need to pay attention

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Speaker 1: to the most. But Joel, this has been the second

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Speaker 1: full week now that our newsletter, that the How the

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Speaker 1: Money Newsletter has been over on our new platform, which

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Speaker 1: includes the ability to track referrals. What that means is

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Speaker 1: that anytime you refer the email to a friend and

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Speaker 1: they sign up, you accrue points, and with those points

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Speaker 1: you can unlock different rewards essentially, and our our first

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Speaker 1: level is three referrals, and that gets you a shout

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Speaker 1: out on the Friday flight, and so we wanted to

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Speaker 1: mention Mr S's Math of Finance class. Him as well

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Speaker 1: as Elijah Oh both referred three different friends to the

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Speaker 1: How Many newsletters, So we are incredibly thankful for you all.

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Speaker 1: This is one of the ways that our newsletter is

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Speaker 1: going to be able to grow and to continue to improve. Yeah,

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Speaker 1: and and I think the newsletter again, it's it's free,

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Speaker 1: hit your inbox every single Tuesday morning, and hopefully it's lighthearted,

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Speaker 1: fun funny with a lot of check full of information

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Speaker 1: at the same time. That's the goal. And it's it's

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Speaker 1: again like we we love doing the podcast. It's our

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Speaker 1: our favorite thing. Like we love long form audio. It's

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Speaker 1: such a great medium. But people like to there's a

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Speaker 1: lot more nuance that you can get out of spoken word,

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Speaker 1: and people like to learn about money in all sorts

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Speaker 1: of different ways, and some people prefer to read. And

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Speaker 1: so if you if you're one of those people, or

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Speaker 1: you know one of those people, sign up for the

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Speaker 1: newsletter and let them know and you can win stuff

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Speaker 1: by referring. We have our first person got to the

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Speaker 1: the free how of Money Sock Thrushold this week so yeah,

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Speaker 1: he did. He he blitzed it. Yeah, he referred basically

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Speaker 1: everyone who knows I think. So that's uh, shout out

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Speaker 1: the Brandon for that one. But all right, let's let's

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Speaker 1: move on, Matt. Let's get to uh the Friday flight,

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Speaker 1: the sampling of the stories we found interesting this week,

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Speaker 1: and just quickly, I wanted to touch on taxes for

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Speaker 1: just a second because the I r S announced that

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Speaker 1: relief payments that were issued by a whole bunch of

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Speaker 1: states are not going to be taxed. Those to the

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Speaker 1: relief of a whole lot of people. I saw folks

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Speaker 1: on our Facebook group, especially folks in California, being like,

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Speaker 1: this is gonna save me a decent jungle money in taxes,

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Speaker 1: which is which is cool. So if you live in

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Speaker 1: one of the sixteen states that issued a direct relief

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Speaker 1: payment to you or to yeah, to someone that you know,

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Speaker 1: you're not gonna owe any attacks on it. So for

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Speaker 1: some folks, that can be a hundred fifty dollars or

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Speaker 1: even more that you get to keep in your pockets.

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Speaker 1: So that's worth worth noting. In the I r S

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Speaker 1: had told some folks, hey, hold off on filing your

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Speaker 1: taxes until we make a clarification on this until we

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Speaker 1: figure that out. So if you're waiting to file your

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Speaker 1: taxes based on this I R S announcement, now you

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Speaker 1: got to go ahead. You're clear to file your taxes.

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Speaker 1: That's right yet, And a lot of folks might remember

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Speaker 1: that these payments came last fall. But this uh in

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Speaker 1: large part was due to like excess surplus taxes that

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Speaker 1: states had collected. Did you get your costco rewards, your

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Speaker 1: annual things, So that that showed up this past week

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Speaker 1: kind of makes me think of that where it's you

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Speaker 1: kind of forget about it. But it was this nice

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Speaker 1: way for some states to give back some of the

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Speaker 1: money that they had collected that they chose to give

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Speaker 1: back to you. But since we're talking about taxes, we

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Speaker 1: wanted to mention that you might want to take advantage

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Speaker 1: of the tax benefits of making some home updates this year,

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Speaker 1: some home improvements. We talked about the possibility of this

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Speaker 1: becoming a reality, but the Inflation Reduction Act it past,

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Speaker 1: and now you can make a variety of energy efficient

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Speaker 1: updates to your home for less money. You know, we

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Speaker 1: talked about this when it was vapor ware. Right towards

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Speaker 1: the end of last year, but now that it's a

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Speaker 1: real thing, like a speculation before. Now it's it's actual law.

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Speaker 1: Some folks have actually called these new benefits that came

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Speaker 1: out in that I RA A bill last year like

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Speaker 1: a like a free bank account that we should all

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Speaker 1: be taking advantage of. Granted, this money is still that

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Speaker 1: you have to spend, so it's not like there's just

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Speaker 1: cash is sitting there waiting on you, sort of like

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Speaker 1: coming across a good sale. If you don't need to

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Speaker 1: do this, well, don't go out and spend the money

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Speaker 1: to get that money. But if you were planning to

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Speaker 1: make some of these improvements anyway, there's absolutely some incentives

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Speaker 1: to help you out. Sure, well, I will say, even

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Speaker 1: if you weren't thinking about it, you might want to

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Speaker 1: consider it, because it's not it's not just that you're

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Speaker 1: spending money. You're spending money to save money with some

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Speaker 1: of these improvements you can make exactly. Yeah, so that's

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Speaker 1: a good way to think about it. And for example,

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Speaker 1: you can save up to six on the cost of

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Speaker 1: putting installation in your home, and obviously doing that will

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Speaker 1: save you money every single month on utility bills. Moving forward,

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Speaker 1: especially in the winter, there's actually this calculator that will

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Speaker 1: link to that can help you to to easily make

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Speaker 1: sense of the different tax and centers that you might

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Speaker 1: qualify for. But we at least wanted you to be

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Speaker 1: aware that these tax credits, that these rebates are, that

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Speaker 1: they exist, but they're out there for you. Yeah, And

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Speaker 1: like there's one for new electric vehicles. There's rebates for

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Speaker 1: us buying a use electric vehicle now, which is cool,

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Speaker 1: installing chargers for heat pumps, a sort of induction stose,

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Speaker 1: which I'm like, all right, you know, conductions are nice,

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Speaker 1: they are well, we've got we've got the glass top

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Speaker 1: and it works all right. But I'm trying to figure

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Speaker 1: out if they make a standalone induction oven that's big

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Speaker 1: enough for Kate's fifteen inch cast on. Good luck, I

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Speaker 1: know that's the that's the problem is I don't if so,

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Speaker 1: if anybody is listening and you have seen this standalone

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Speaker 1: slide in range, let me know, because we would do

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Speaker 1: I would jump all over that. And there's a pretty

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Speaker 1: huge it's like up to fifty bucks for an induction stow.

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Speaker 1: It's massive, exactly. And this is the federal government's not

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Speaker 1: picking up the full freight they're picking up a percentage

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Speaker 1: and there's like a cap each year. But this is

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Speaker 1: so much more generous than it was in years past,

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Speaker 1: and so yeah, we'll link to that calculator into that

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Speaker 1: site where you can learn more about it. But it

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Speaker 1: should be on your radar if you're making improvements anyway, Boom,

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Speaker 1: you can get some of them at least paid for

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Speaker 1: in part by the federal government. And if you hadn't

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Speaker 1: thought about it, but you're like, yeah, wait, my house

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Speaker 1: is leaky leg a saiv, it might make sense to

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Speaker 1: to do some of these energy efficient updates that are

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Speaker 1: going to be cheaper and then are going to save

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Speaker 1: your money for years to come. But let's keep talking

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Speaker 1: about taxes for a second map because home values, however,

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Speaker 1: isn't of course substantially in the past few years, and

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Speaker 1: even with like a little bit of a lull there

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Speaker 1: towards the you know, end of last year, but that

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Speaker 1: that comes along with higher property tax bills for anybody

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Speaker 1: who owns a home. It's a double edged sword. Yeah,

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Speaker 1: it's like, oh great, how maquity you look at all

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Speaker 1: the toime bac wheny I'm sitting on and then it's

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Speaker 1: like at the other time. It's like, now the government

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Speaker 1: wants to have to cash out some of that equity

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Speaker 1: in order to pay the property attation. People talk about

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Speaker 1: that last week. I saw just saw something today about that.

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Speaker 1: So maybe next week's Friday flight will touch on home

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Speaker 1: equity for a bit. But the thing is the tax

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Speaker 1: bill you receive in the mail might or might not

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Speaker 1: be accurate, right, So that's something to look out for.

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Speaker 1: Let's talk about how you can contest that bill if

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Speaker 1: it's too inflated. The key is to take a look

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Speaker 1: at sales and comps in your area and to file

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Speaker 1: an appeal. If the valuation that the government has has

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Speaker 1: given for your property is out of line, out of

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Speaker 1: step basically with what you're seeing around you, it might

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Speaker 1: be worth asking a local realtor if they think the

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Speaker 1: valuation is correct or not. This is something you can

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Speaker 1: d i y if you want to. By the way,

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Speaker 1: but remember you're not complaining about how high taxes are.

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Speaker 1: You're complaining or not complaining. You're you're contesting an incorrect evaluation.

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Speaker 1: I think sometimes people do that and they're like, but

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Speaker 1: the taxes are just too expensive, and it's like that's

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Speaker 1: you can't contest it along those lines. It has to

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Speaker 1: be a good argument, like basically, like I mean truly,

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Speaker 1: what you have to do, so if you're going to

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Speaker 1: do take the d I Y approach is like when

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Speaker 1: you look at those different comps, like essentially what you

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Speaker 1: have to do is figure out the price per square

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Speaker 1: foot because oftentimes it's it is purely based on square

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Speaker 1: foot homes in a similar a similar kind of state

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Speaker 1: is yours for exactly, So, yeah, you gotta get that

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Speaker 1: information together. You gotta have you gotta be armed with

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Speaker 1: that data in order to present a good case. And

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Speaker 1: ideally you want like three different homes that are close

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Speaker 1: by that's sold in the vicinity of what you're looking at,

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Speaker 1: like to say, hey, here's this aggregation of a few

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Speaker 1: that I think fit the bill, and your value in

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Speaker 1: those less than mine, so mine should be value at

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Speaker 1: this level too. And I've actually some folks and myself included, Matt.

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Speaker 1: Have you even hired a lawyer who specializes in making

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Speaker 1: these appeals that paid them two or fifty bucks and

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Speaker 1: it was well worth the money, I will say, for

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Speaker 1: the tax savings I was able to get. I tried

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Speaker 1: to hire somebody, but they're like, no, your your assessments accurate. Hey,

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Speaker 1: at least he told you that that up front before

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Speaker 1: spending the money, right, But yeah, especially in Georgia, the

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Speaker 1: lower valuation gets locked in for three years when you

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Speaker 1: win an appeal. So I was like, all right, two

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Speaker 1: or fifty bucks is well worth it. Let him handle

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Speaker 1: these and he did two of mine last year and

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Speaker 1: he got meaningful reductions and those are locked in for

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Speaker 1: a few yars. And so yeah, just note to you

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Speaker 1: if you get that valuation in the mail and you're like,

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Speaker 1: this feels high, well, first off, it might not be,

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Speaker 1: but second off, it might be. And if it is,

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Speaker 1: and you need to do your due diligence to figure

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Speaker 1: out how oft it is so you can contest that valuation.

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Speaker 1: Yeah it seems high. Well that's probably accurate because again, yeah,

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Speaker 1: we saw rising values, but this seems crazy high. And

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Speaker 1: then okay, maybe it's worth looking into. And also, speaking

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Speaker 1: of taxes, don't forget to file for homestead exemption. That's

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Speaker 1: something that you and I did recently, having moved up

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Speaker 1: to our our new hood last summer. But that alone

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Speaker 1: is going to be able to knock a big chunk

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Speaker 1: off of your your property tax. But that's shift gears

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Speaker 1: and talk about investing, Joel, because like, when it comes

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Speaker 1: to investing, hindsight right, and it's abundantly clear that we

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Speaker 1: went through a period of significant investors speculation, the run

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Speaker 1: up of I think caused a lot of that behavior.

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Speaker 1: Like that day trading Meme, Stalks, Crypto, they were seemingly

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Speaker 1: all anyone out there was talking about. And when every

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Speaker 1: day folks are that interested in investing is probably not

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Speaker 1: a good thing. It's getting like a taxi or an

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Speaker 1: uber and they're like, we're talking about how they're making

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Speaker 1: money investments. You're like, wait a second, No, they're talking

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Speaker 1: like this. They got the Dow Jones pulled up on

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Speaker 1: on one phone while the other one right shows the

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Speaker 1: route for where you're supposed to go. Something is wrong,

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Speaker 1: something's not computing the boring route. That's actually certainly less

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Speaker 1: fun to talk about around the water cooler than all

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Speaker 1: of the excitement that we've experienced over the past few years. Well,

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Speaker 1: uh E Toro they released some interesting stats showing that

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Speaker 1: the average person is holding onto stocks for uh much

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Speaker 1: shorter periods of time, and not just a little bit

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Speaker 1: less time. The average holding period for u S stocks

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Speaker 1: was ten months in two last year. Uh and that

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Speaker 1: is down from more than five years in the mid seventies,

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Speaker 1: which is crazy. Uh So dramatic difference there. Uh And

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Speaker 1: so while we're seeing less, you know, of the intense

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Speaker 1: speculation that we've seen over the past few years, short

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Speaker 1: term thinking is still a problem. And you know, just

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Speaker 1: buying stock to own them for less than a year

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Speaker 1: is too risky of a proposition, and it does it

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Speaker 1: demonstrates that you basically don't have an overarching investing plan

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Speaker 1: and that you are just buying whatever it is that

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Speaker 1: you're folks talking about, what's the thing that's hot in

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Speaker 1: the moment. Let me jump on that train and see

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Speaker 1: what happens. And a lot of people end up being

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Speaker 1: burned when they do. So if you if you're only

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Speaker 1: gonna own something for ten months, then you shouldn't be

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Speaker 1: buying it in the first place unless you you have

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Speaker 1: some sort of brilliant information that the rest of us

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Speaker 1: don't have access to. And Matt, you and I were

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Speaker 1: long term investors over here, and we want how the

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Speaker 1: money listeners to adopt the same mindset because making money

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Speaker 1: in the stock market isn't terribly easy, but it's incredibly

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Speaker 1: simple it's all about keeping costs low and holding those

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Speaker 1: assets for a long period of time. That's how you

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Speaker 1: win and grow wealth. And so trading frequently kind of

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Speaker 1: screws you on both accounts. You're gonna rack up higher fees,

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Speaker 1: You're gonna shrink your timeline in one fell swoop, and

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Speaker 1: so make sure you know what game you're playing as

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Speaker 1: an investor. Mat Like you said, make sure you have

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Speaker 1: a plan in place. Our suggestion as always is to

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Speaker 1: play the long game, because you're bound to win if

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Speaker 1: you do. If you keep the cost slow and you

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Speaker 1: play for decades as opposed to months, You're that timeline

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Speaker 1: is everything, and it basically assures it's like wind at

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Speaker 1: your back, and it insures that you're going to build

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Speaker 1: wealth instead of losing it by trying to play kind

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Speaker 1: of the short term game that lots of other folks

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Speaker 1: on Twitter and Wall Street bets are trying to do

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Speaker 1: different Reddit forums. Yeah, that's right, And I mean I

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Speaker 1: think the other disadvantage to jumping in in and out

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Speaker 1: of the market as well is that you're, again you

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Speaker 1: you are demonstrating that you don't have a plan, which

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Speaker 1: means that you're likely going to be more susceptible to

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Speaker 1: other strategies that may or not may not be in

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Speaker 1: your best interest. And it just makes me think that

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Speaker 1: folks who are essentially chasing after those returns, chasing after

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Speaker 1: different strategies you said, they're like doubly gonna they're gonna

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Speaker 1: be screwed in two ways. Like the third way that

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Speaker 1: they're going to be messed over as well is the

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Speaker 1: fact that they're basing their short term buys purchases based

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Speaker 1: on short term success, which it looks a lot like

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Speaker 1: trying to drive while looking in the rear view mirror, right,

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Speaker 1: And so essentially what you are doing is you are

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Speaker 1: buying at the exact wrong time. Not only is it

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Speaker 1: not necessarily proven to be successful, but I think you're

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Speaker 1: honestly at a disadvantage. Like it makes me think of

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Speaker 1: like that's when Cathy Woods E t F blew up

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Speaker 1: Incredible Returns, which was all focused on tech heavy sty

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Speaker 1: tech stuff. Exactly, she owned a bunch of test Lost

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Speaker 1: and arc ark ETF. But if you were like, oh man,

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Speaker 1: she's totally crushing it, so let me get some of that.

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Speaker 1: And if you happen to buy in at the end

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Speaker 1: of beginning beginning of one like you would be down

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Speaker 1: something like seven today as opposed to seeing that annual

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Speaker 1: writer return that she got in that was in the hundreds.

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Speaker 1: You've already missed out on. You've already missed exactly and

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Speaker 1: you are again you're just buying at the exact wrong time.

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Speaker 1: That's not what we want to see anybody do. Yeah,

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Speaker 1: and that is true. You're right like if if you've

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Speaker 1: got the short term mindset, often times you're a little

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Speaker 1: late to the party and you end up being the

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Speaker 1: one kind of holding the bag. Right. All right, let's

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Speaker 1: talk about something else, Matt, And uh, we don't talk

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Speaker 1: about Starbucks much on this show, but I'm drinking a

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Speaker 1: coffee right now. You're drinking a coffee and not the

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Speaker 1: Starbucks homemade variety, but that I would say, don't don't

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Speaker 1: forget to make a plan to spend miles and rewards,

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Speaker 1: and specifically because what we saw Starbucks do this week.

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Speaker 1: Like we talked about though with the points guy, Matt,

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Speaker 1: points are getting devalued on the reg and so when

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Speaker 1: you have airline miles or something like that, holding onto

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Speaker 1: them in hopes of using them years down the road,

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Speaker 1: it's silly because they're going to get devalued, that they're

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Speaker 1: going to become less valuable pretty quickly. But Starbucks is

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Speaker 1: doing the same thing with its rewards program, devaluing rewards

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Speaker 1: for tens of millions of customers, meaning you'll need to

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Speaker 1: spend more money to earn free drinks moving forward. And so, yeah,

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Speaker 1: you might want to rethink that daily Starbucks habit for

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Speaker 1: multiple reasons, but one of the main reasons is because

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Speaker 1: now those little stars that they give you every time

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Speaker 1: you buy something, well, I forget, like the breakfast sandwiches

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Speaker 1: are going to cost a whole lot more, and that

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Speaker 1: that coffee now the frappuccino or whatever it is that

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Speaker 1: you're gonna get instead of costing I don't know the tears,

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Speaker 1: but fifty stars now it costs a hundred stars. And

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Speaker 1: histories went from yeah, pretty big leap. Yeah. So it

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Speaker 1: just it just means like you thought your stars were

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Speaker 1: or something and boom, they just got devalued overnight. And

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Speaker 1: I'm not saying that you should never ever go to Starbucks,

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Speaker 1: but like with any rewards program, the terms are subject

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Speaker 1: to change and the rewards might not be as generous

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Speaker 1: moving forward. And yeah, Starbucks just told their customers, hey,

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Speaker 1: sorry about those stars you accumulated, but they don't they

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Speaker 1: know they're not worth as much anymore, worth a whole

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Speaker 1: out less. Yeah, don't forget too. So you said Starbucks

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Speaker 1: card made me think of different gift cards that folks

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Speaker 1: may have received over the holidays. Don't forget to spend

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Speaker 1: those personally. I've got over two hundred bucks sitting on

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Speaker 1: a Home Depot card for for a return that I

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Speaker 1: made actually so I didn't have the receipt and they

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Speaker 1: actually were do we talk about this on the show.

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Speaker 1: They did a really good job accepting that item, but

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Speaker 1: they're just like, I'm sorry, we're not gonna be able

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Speaker 1: to put it back on the card. We're gonna give

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Speaker 1: it to you as store credit. So I'm like, sweet,

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Speaker 1: that's totally fine. I spent a lot of money at

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Speaker 1: Home Depot. Definitely not gonna be a problem with upcoming

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Speaker 1: landscaping projects that we've got planned for the spring. But

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Speaker 1: if you do find it difficult to remember what cards

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Speaker 1: you have, stick that card and wallet right, like, put

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Speaker 1: it front and center that way, it's top of mind

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Speaker 1: that way. You you know, we just don't want you

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Speaker 1: to lose out on the funds on those different cars.

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Speaker 1: We want you to be able to take advantage of

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Speaker 1: some of those dollars, some of that value that has

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Speaker 1: already been purchased. Yeah, use your gift cards, use your rewards,

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Speaker 1: use your miles, like, use them up. I know you

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Speaker 1: want to hang onto him because especially like as people

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Speaker 1: who are savers and frugal and stuff some of those things.

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Speaker 1: And it feels good to mask like a certain amount

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Speaker 1: of rewards and stuff like that. But at the not

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Speaker 1: if you forget about it. Yeah, and or not not

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Speaker 1: if you forget about them, or not if they become

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Speaker 1: worthless less over time exactly. All right, let's get to

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Speaker 1: We got more to cover on the Friday flight, Matt,

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Speaker 1: including that starving to save the story. It was an

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Speaker 1: article from the Wall Street Journal that we'll talk about.

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Speaker 1: We'll get to that and more right after this. All right,

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Speaker 1: we're gonna get to our ludicrous headline of the week.

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Speaker 1: And I was just thinking maybe we should have clarified

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Speaker 1: earlier that when you said cheating charities. We're not talking

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Speaker 1: about the clarifying at the beginning. We're clary, you're gonna

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Speaker 1: we're gonna do No, we're not talking about you as

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Speaker 1: an individual cheating the charities like somehow finding ways to

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Speaker 1: steal their money. We're talking about some of the actions

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Speaker 1: that different charities are taking that isn't completely upstanding. Uh.

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Speaker 1: So the ludicrous headline this week comes from USA Today

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Speaker 1: and it reads some NFL player nonprofits often spend little

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Speaker 1: on charity, and how the charity spending little on charity

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Speaker 1: that doesn't well, so it's it's gonna talk about this, right.

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Speaker 1: A lot of America watched the Super Bowl last weekend.

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Speaker 1: I heard it was a good game. I didn't watch

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Speaker 1: it myself. It was pretty good. Um, but even though

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Speaker 1: football it's it's over for a while, we've still got

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Speaker 1: to talk about some of the players who are running

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Speaker 1: some pretty crummy charities. And the article calls out quarterback

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Speaker 1: Russell Wilson in particular, pretty big name I've heard of him.

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Speaker 1: His charity used less than a quarter of the proceeds

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Speaker 1: to actually help the kids in need that they say

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Speaker 1: that they're helping, right, and instead much of that money

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Speaker 1: went to pay mass of salaries to his friends who

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Speaker 1: are there at the top who are running the charity. So, uh,

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Speaker 1: this is news that we don't like to hear because

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Speaker 1: you know, while that charity it sounds really great, right,

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Speaker 1: but in reality it's maybe not doing as much good

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Speaker 1: as they're saying. So it's important to do your homework

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Speaker 1: before donating to any organization, to any charity that's out there. Yeah,

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Speaker 1: I mean, just because a celebrity or an athlete endorses

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Speaker 1: a charity or runs the charity, it doesn't mean that

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Speaker 1: you should give them your hard earned dollars. And I

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Speaker 1: think maybe they're able to attract more eyeballs or more

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Speaker 1: clout to their nonprofit because of their status, but it

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Speaker 1: doesn't mean that that's where you should be giving your money.

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Speaker 1: And it's not because we're not about giving money away.

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Speaker 1: We love the idea of people giving their hard earned

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Speaker 1: dollars to other people who are in need and doing

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Speaker 1: good with the money that they've that they've been given. Right,

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Speaker 1: we've we've done multiple episodes on giving your money away. Well,

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Speaker 1: I don't know them off the top of my my head,

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Speaker 1: but we'll link to them in the show notes. Sure,

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Speaker 1: it's good for society, right, it's it's it's also good

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Speaker 1: for you as an individual. It creates a healthy detachment

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Speaker 1: from your money, We've we said, which is a good

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Speaker 1: thing as opposed to becoming mijorly so focused on your

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Speaker 1: wealth building efforts that you have an inability to look

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Speaker 1: out and see who needs help in your in your

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Speaker 1: hood or around the even around the world. Right, But

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Speaker 1: we would suggest this turn to sites like Charity Navigator

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Speaker 1: and charity watch to vet charities before you give your

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Speaker 1: money away. Charity Watch lists that are top rated charities

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Speaker 1: in in a section and it breaks them down by cause.

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Speaker 1: And that's a great way even if you're like, I

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Speaker 1: don't know where to give my money away, that's a

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Speaker 1: great way to learn about some of the great charities

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Speaker 1: who are putting the bulk of your donations towards the

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Speaker 1: cost that they care about. And sometimes the charities that

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Speaker 1: you've heard about, the name brand charities are doing great

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Speaker 1: work with your funds and the vast majority of that

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Speaker 1: money is going to help people in need. Other times,

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Speaker 1: the overhead costs are so large, like in the case

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Speaker 1: of some of these NFL players running charities, that their

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Speaker 1: mission is basically impotent. It's ineffective, and so we would

430
00:19:54,520 --> 00:19:57,880
Speaker 1: say you should probably prioritize giving your money elsewhere. And

431
00:19:57,920 --> 00:20:00,600
Speaker 1: by the way, on that note, the FTC Federal re Commission,

432
00:20:00,600 --> 00:20:03,320
Speaker 1: they just put out a warning about donating to earthquake

433
00:20:03,320 --> 00:20:06,639
Speaker 1: relief efforts in Turkey and Syria. Again, you know, turning

434
00:20:06,640 --> 00:20:08,720
Speaker 1: to the sites that we mentioned, will listen them in

435
00:20:08,760 --> 00:20:10,960
Speaker 1: the show notes are going to help you vet charities

436
00:20:11,240 --> 00:20:13,359
Speaker 1: and find which ones are doing the most good so

437
00:20:13,400 --> 00:20:16,520
Speaker 1: you can give your dollars there, as opposed to somebody

438
00:20:16,600 --> 00:20:19,480
Speaker 1: posting on Facebook and then being like, yeah, I feel

439
00:20:19,480 --> 00:20:21,480
Speaker 1: the tug at my heartstrings, let me give there. It's

440
00:20:21,480 --> 00:20:23,439
Speaker 1: great to feel the tug at your heart strings, but

441
00:20:23,520 --> 00:20:26,760
Speaker 1: make sure you know that your dollars are being given

442
00:20:27,000 --> 00:20:29,280
Speaker 1: in a way that's effective, so that you're not just

443
00:20:29,320 --> 00:20:31,720
Speaker 1: like feeling good, but that you're actually doing good too.

444
00:20:31,840 --> 00:20:33,640
Speaker 1: So yeah, of course wants you to give your money away,

445
00:20:33,680 --> 00:20:35,840
Speaker 1: which wants you to do it the right way. But Matt,

446
00:20:35,920 --> 00:20:38,240
Speaker 1: let's get to you. Kind of like a second ludicrous

447
00:20:38,240 --> 00:20:40,320
Speaker 1: headline of the week. Probably we won't do this, but

448
00:20:40,600 --> 00:20:42,520
Speaker 1: this one came from the Wall Street Journal and it

449
00:20:42,680 --> 00:20:44,679
Speaker 1: kind of made the rounds on Twitter. A lot of

450
00:20:44,680 --> 00:20:47,720
Speaker 1: people kind of mocking the Wall Street Journal over this headline,

451
00:20:47,720 --> 00:20:50,720
Speaker 1: which was to save money, maybe you should skip breakfast.

452
00:20:51,400 --> 00:20:54,240
Speaker 1: I laughed out loud a little bit when I read it. Um,

453
00:20:54,320 --> 00:20:56,000
Speaker 1: and I guess my thought was. When I saw that,

454
00:20:56,040 --> 00:20:58,359
Speaker 1: I was like, why stop there? Why not skip luncheon

455
00:20:58,359 --> 00:21:01,160
Speaker 1: dinner too? Okay, that'll that'll help you save even more.

456
00:21:01,960 --> 00:21:04,879
Speaker 1: It just feels like what the Wall Street Journal was

457
00:21:04,880 --> 00:21:07,200
Speaker 1: was saying in that headline was why don't you starve

458
00:21:07,200 --> 00:21:09,960
Speaker 1: yourself to keep some extra pennies in your pocket? And

459
00:21:10,520 --> 00:21:12,919
Speaker 1: I know some people skip meals on purpose, right, You

460
00:21:12,960 --> 00:21:16,399
Speaker 1: do the internet and fasting thing a fair amount, right occasionally. Yeah,

461
00:21:16,680 --> 00:21:19,679
Speaker 1: so sometimes I don't find myself needing breakfast personally, and

462
00:21:19,680 --> 00:21:22,480
Speaker 1: not everybody does, right, Some people like to pursue that

463
00:21:22,480 --> 00:21:24,840
Speaker 1: path when it comes to like their meal and take

464
00:21:25,240 --> 00:21:27,960
Speaker 1: more power to do your thing. But and and counting

465
00:21:27,960 --> 00:21:31,600
Speaker 1: calories is of course smart. But skipping meals, I would say,

466
00:21:31,760 --> 00:21:35,679
Speaker 1: to save money feels a bit eccentric, and it felt

467
00:21:35,800 --> 00:21:38,040
Speaker 1: like a kind of a paternalistic take from the Wall

468
00:21:38,040 --> 00:21:41,560
Speaker 1: Street Journal. Maybe to save money skip breakfast? Well, breakfast

469
00:21:41,600 --> 00:21:43,880
Speaker 1: is not terribly expensive, even with egg prices being up.

470
00:21:44,119 --> 00:21:46,280
Speaker 1: It's not gonna make a massive difference if you don't

471
00:21:46,520 --> 00:21:48,919
Speaker 1: fry those two two eggs up and eat them in

472
00:21:48,960 --> 00:21:51,120
Speaker 1: the morning on your way out the door. Sure. Well,

473
00:21:51,119 --> 00:21:52,800
Speaker 1: I'll take a slightly different take, and maybe it is

474
00:21:52,840 --> 00:21:55,240
Speaker 1: because I intermitt and fastened a little bit. I'm like, oh, yeah,

475
00:21:55,240 --> 00:21:58,640
Speaker 1: that's a great idea, but you like the headline, yeah,

476
00:21:58,800 --> 00:22:01,639
Speaker 1: well a little bit, because well so it depends on

477
00:22:01,760 --> 00:22:03,920
Speaker 1: who the headline is coming from, right, And because it's

478
00:22:03,920 --> 00:22:05,960
Speaker 1: coming from an individual who's like, yeah, maybe you should

479
00:22:05,960 --> 00:22:07,920
Speaker 1: consider this, I'm like, all right, I think that's a

480
00:22:08,000 --> 00:22:11,560
Speaker 1: decent headline. That's that's some decent advice for someone to consider.

481
00:22:11,640 --> 00:22:14,240
Speaker 1: Like I want, there should be no stone unturned when

482
00:22:14,280 --> 00:22:16,720
Speaker 1: it comes to different ways that you can save money.

483
00:22:16,720 --> 00:22:20,359
Speaker 1: There are folks who might be in under a mountain

484
00:22:20,480 --> 00:22:22,760
Speaker 1: of debt and they aren't in a position to where

485
00:22:22,760 --> 00:22:24,359
Speaker 1: they can earn more. And so what you gotta start

486
00:22:24,400 --> 00:22:27,479
Speaker 1: doing sometimes is looking at your different expenses. You are

487
00:22:27,520 --> 00:22:30,840
Speaker 1: specifically calling out eggs. Yeah, breakfast typically isn't the biggest

488
00:22:30,960 --> 00:22:33,560
Speaker 1: line out of me, no, but but even still, like eggs,

489
00:22:33,560 --> 00:22:36,680
Speaker 1: I would say if the let's say one of Americans

490
00:22:36,760 --> 00:22:38,960
Speaker 1: are eating eggs, then I would agree and I would

491
00:22:38,960 --> 00:22:41,840
Speaker 1: say that like, yeah, there's a lot of nutrition packed

492
00:22:41,840 --> 00:22:43,880
Speaker 1: into eggs. Rather there's like an awesome amount of protein

493
00:22:43,920 --> 00:22:46,040
Speaker 1: and vitamins and all that. But the fact is a

494
00:22:46,160 --> 00:22:50,480
Speaker 1: ton of Americans are eating processed grains loaded with sugar

495
00:22:50,840 --> 00:22:53,679
Speaker 1: and eating fruity pebbles. That's different. And it's honestly like

496
00:22:53,760 --> 00:22:56,399
Speaker 1: most cereals are this way. This is food that costs

497
00:22:56,480 --> 00:22:59,120
Speaker 1: about the same as eggs, and if that's what you're eating,

498
00:22:59,200 --> 00:23:01,440
Speaker 1: I mean, you probably could afford to skip out on

499
00:23:01,480 --> 00:23:04,440
Speaker 1: these purchases and perhaps skipping you know, skipping a meal.

500
00:23:04,880 --> 00:23:07,760
Speaker 1: But again, so the fact that this is presented as

501
00:23:07,760 --> 00:23:10,840
Speaker 1: maybe personal find like a personal finance piece of advice,

502
00:23:10,920 --> 00:23:13,600
Speaker 1: I think that's fine. If now, let's say this came

503
00:23:13,600 --> 00:23:15,879
Speaker 1: from the government, right, like, if this was Jerome Powell

504
00:23:16,359 --> 00:23:18,120
Speaker 1: and he's at the FED being like, oh, you're worried

505
00:23:18,119 --> 00:23:21,280
Speaker 1: about inflation, Well, but you skip multiple meals every single day,

506
00:23:21,400 --> 00:23:24,320
Speaker 1: Well that sucks. Like finding about it, that would be

507
00:23:24,440 --> 00:23:27,240
Speaker 1: incredibly crappy advice because there are other issues obviously that

508
00:23:27,280 --> 00:23:29,600
Speaker 1: they that they need to tackle. But as individuals, I

509
00:23:29,640 --> 00:23:32,399
Speaker 1: think we should consider different things in many ways caused

510
00:23:32,720 --> 00:23:35,280
Speaker 1: you in place your problem that we're experiencing too. Yeah, yeah,

511
00:23:35,280 --> 00:23:36,760
Speaker 1: I don't know, so that's I guess that's my take

512
00:23:36,800 --> 00:23:38,760
Speaker 1: on it. I think, yeah, maybe for some folks this

513
00:23:38,840 --> 00:23:41,040
Speaker 1: could be just one of the small ways that they're

514
00:23:41,080 --> 00:23:43,239
Speaker 1: able to modify their expenses, and I think, yeah, if

515
00:23:43,280 --> 00:23:45,520
Speaker 1: you are eating like some of the process, which is

516
00:23:45,560 --> 00:23:48,040
Speaker 1: that they're typically more expensive and they're less healthy for you,

517
00:23:48,080 --> 00:23:50,240
Speaker 1: So they're not gonna absolutely like a bowl of fruity

518
00:23:50,240 --> 00:23:52,400
Speaker 1: pebbles isn't gonna get your day off to a great

519
00:23:52,400 --> 00:23:54,600
Speaker 1: start in the same way that a couple of eggs would.

520
00:23:54,880 --> 00:23:57,440
Speaker 1: And yeah, so so um. But we're actually gonna talk

521
00:23:57,480 --> 00:24:00,159
Speaker 1: more about groceries next week on the show Matwork. Kind

522
00:24:00,160 --> 00:24:01,919
Speaker 1: of in the middle of planning that episode now, but

523
00:24:01,960 --> 00:24:04,200
Speaker 1: just like how you can save money at the grocery store,

524
00:24:04,359 --> 00:24:08,160
Speaker 1: and hopefully you don't find it necessary to skip meals

525
00:24:08,160 --> 00:24:09,800
Speaker 1: in order to save money, but we want to discuss

526
00:24:09,840 --> 00:24:12,159
Speaker 1: like the best advice for saving when you are at

527
00:24:12,160 --> 00:24:14,720
Speaker 1: the grocery store is the cupons is where you shop.

528
00:24:14,760 --> 00:24:16,960
Speaker 1: We'll kind of talk about all that stuff next week.

529
00:24:17,280 --> 00:24:19,800
Speaker 1: That's right, Okay, So there is an interesting article in

530
00:24:20,080 --> 00:24:24,200
Speaker 1: Business Insider this week about the different psychological tricks that

531
00:24:24,320 --> 00:24:27,320
Speaker 1: get us all to to click buy when we're shopping online.

532
00:24:27,760 --> 00:24:30,760
Speaker 1: Uh So, basically, retailers they are getting better at parting

533
00:24:30,880 --> 00:24:34,160
Speaker 1: us from our money with different subtle hints that might

534
00:24:34,200 --> 00:24:37,840
Speaker 1: push us over the edge and different tactics like obviously

535
00:24:37,920 --> 00:24:40,040
Speaker 1: by now pay later. That's a big one. That's obviously

536
00:24:40,080 --> 00:24:42,520
Speaker 1: where you pay for something in the different installments. Uh.

537
00:24:42,520 --> 00:24:45,520
Speaker 1: And specifically that feels less painful, and that makes it

538
00:24:45,520 --> 00:24:47,720
Speaker 1: easier to pull the trigger on purchases that maybe we

539
00:24:47,760 --> 00:24:50,840
Speaker 1: otherwise would not oft. Sometimes it increases the size of

540
00:24:50,840 --> 00:24:53,800
Speaker 1: those purchases kind of hundred dollars, it's twenty five in

541
00:24:53,800 --> 00:24:55,560
Speaker 1: four installments over form and it's like, well, yeah, I

542
00:24:55,560 --> 00:24:57,320
Speaker 1: can do That's like, well, shoot, maybe I'll throw in

543
00:24:57,359 --> 00:24:59,480
Speaker 1: the extra pair of socks or something. We think of

544
00:24:59,520 --> 00:25:01,760
Speaker 1: that as a dirt trick. Then you should avoid. Yeah,

545
00:25:01,840 --> 00:25:05,600
Speaker 1: But retailers are using some other tactics as well, like scarcity.

546
00:25:05,960 --> 00:25:08,520
Speaker 1: That's where if you're maybe you're shopping a sale and

547
00:25:08,520 --> 00:25:11,479
Speaker 1: they'll display next to you, know, you make your color selection,

548
00:25:11,520 --> 00:25:13,800
Speaker 1: you make your size selection, and they're like, there's only

549
00:25:13,840 --> 00:25:16,280
Speaker 1: two of these items left. You better better move quickly.

550
00:25:16,480 --> 00:25:19,960
Speaker 1: These are the kind of notifications that nudge us towards purchases.

551
00:25:20,119 --> 00:25:22,480
Speaker 1: Ryan Wisconsin is gonna get it before you. You better pounce.

552
00:25:22,960 --> 00:25:25,399
Speaker 1: What's funny? Is I actually so? Last fall I was

553
00:25:25,440 --> 00:25:27,720
Speaker 1: shopping for a rain jacket. Surprisingly I didn't didn't have

554
00:25:27,760 --> 00:25:31,280
Speaker 1: a rain jacket, and I was tired of arriving places

555
00:25:31,320 --> 00:25:33,520
Speaker 1: on a bike soaking wet. If I got caught in

556
00:25:33,560 --> 00:25:36,800
Speaker 1: a rainstorm and it went on sales, I was like, Okay,

557
00:25:36,800 --> 00:25:38,840
Speaker 1: maybe I'll go ahead and make this purchase. And it

558
00:25:39,080 --> 00:25:40,440
Speaker 1: had one of those things. It had one of those

559
00:25:40,480 --> 00:25:42,440
Speaker 1: counters where it's just like three items left or something

560
00:25:42,480 --> 00:25:44,439
Speaker 1: like that, and I was like, I'm not sure if

561
00:25:44,480 --> 00:25:46,560
Speaker 1: I want to make this purchase. Waited until the next day.

562
00:25:46,680 --> 00:25:50,520
Speaker 1: I guess what itms No, they're gone. I completely missed

563
00:25:50,520 --> 00:25:52,560
Speaker 1: out on the sail. And so I think in some

564
00:25:52,680 --> 00:25:55,159
Speaker 1: instances it actually it can be accurate. I don't think

565
00:25:55,200 --> 00:25:57,000
Speaker 1: they're lying, but I do think it's a tactic to

566
00:25:57,000 --> 00:25:59,680
Speaker 1: try to get you to pounce more quickly. Totally totally yeah,

567
00:25:59,680 --> 00:26:01,720
Speaker 1: And so I guess, yeah, exactly. I'm highlighting that to

568
00:26:01,760 --> 00:26:04,040
Speaker 1: be like, well, it might be an accurate reading. And

569
00:26:04,080 --> 00:26:07,000
Speaker 1: so if you know you went an item, maybe don't wait.

570
00:26:07,080 --> 00:26:11,439
Speaker 1: But simultaneously, it can be helpful to institute, right, some

571
00:26:11,480 --> 00:26:13,400
Speaker 1: of those waiting periods. Right Like folks, we we always

572
00:26:13,440 --> 00:26:15,440
Speaker 1: talk about like all right, like wait twenty four hours,

573
00:26:15,600 --> 00:26:17,399
Speaker 1: see if you still want it. In my case, I

574
00:26:17,480 --> 00:26:20,800
Speaker 1: waited twenty four hours, still wanted it. I couldn't buy

575
00:26:20,800 --> 00:26:22,960
Speaker 1: it on sale or the item was actually gone, so

576
00:26:23,000 --> 00:26:25,240
Speaker 1: I ended up which again no big deal. Instead of

577
00:26:25,280 --> 00:26:27,639
Speaker 1: waiting twenty four hours, I waited two months and the

578
00:26:27,680 --> 00:26:30,720
Speaker 1: item came back on sale out another retail something like you,

579
00:26:30,960 --> 00:26:34,000
Speaker 1: at which point I definitely had confirmed that I went

580
00:26:34,119 --> 00:26:36,159
Speaker 1: to that item. And so I don't know, it may

581
00:26:36,200 --> 00:26:38,400
Speaker 1: not be a bad thing to even miss out on deals,

582
00:26:38,400 --> 00:26:40,239
Speaker 1: because there are always going to be deals out there

583
00:26:40,320 --> 00:26:42,880
Speaker 1: and there's always another, you know, similar item out there

584
00:26:42,880 --> 00:26:44,400
Speaker 1: if you miss out on that one. But I think

585
00:26:44,600 --> 00:26:46,840
Speaker 1: they get us to to feel the pressure that we

586
00:26:46,840 --> 00:26:48,960
Speaker 1: need to make a decision in the moment when you're right,

587
00:26:48,960 --> 00:26:51,040
Speaker 1: if we would just wait, yeah, we might miss out

588
00:26:51,040 --> 00:26:54,240
Speaker 1: on that item, it's possible, but it's at least going

589
00:26:54,280 --> 00:26:56,439
Speaker 1: to ensure that we we want the item, and they

590
00:26:56,480 --> 00:26:58,600
Speaker 1: were not making a spur of the moment decision based

591
00:26:58,600 --> 00:27:01,120
Speaker 1: on the psychological tricks that tailors are trying to institute.

592
00:27:01,160 --> 00:27:03,800
Speaker 1: Totally makes me think of just the rampant emails that

593
00:27:03,840 --> 00:27:06,760
Speaker 1: we get or even notifications because we've downloaded an app

594
00:27:06,840 --> 00:27:08,600
Speaker 1: or something like that, and like he's like, hey, by

595
00:27:08,640 --> 00:27:11,240
Speaker 1: these sneakers, they're twelve percent off right now, and you're

596
00:27:11,240 --> 00:27:14,680
Speaker 1: like twelve percent off okay, but it's it's really it's

597
00:27:14,840 --> 00:27:17,000
Speaker 1: them pulling us in in order to make kind of

598
00:27:17,040 --> 00:27:20,800
Speaker 1: like a more emotional consumer decision as opposed to a

599
00:27:20,840 --> 00:27:23,280
Speaker 1: well thought out one. That's right. Yeah, So piggybacking on that,

600
00:27:23,320 --> 00:27:25,359
Speaker 1: The Atlantic, they actually had an article this week about

601
00:27:25,400 --> 00:27:28,919
Speaker 1: the myth of the informed consumer, and they said that

602
00:27:28,960 --> 00:27:31,160
Speaker 1: the Internet, how it was supposed to make us all

603
00:27:31,160 --> 00:27:33,760
Speaker 1: more informed, making it easier to be a smart shopper, right,

604
00:27:34,119 --> 00:27:37,400
Speaker 1: but that it hasn't actually worked out that way. And

605
00:27:37,520 --> 00:27:39,719
Speaker 1: a lot of the reasons for that is it's like

606
00:27:39,800 --> 00:27:42,520
Speaker 1: all the different paid ads on different sites like Amazon, right,

607
00:27:42,600 --> 00:27:45,359
Speaker 1: It's it's confusing often times to shop, and there's multiple

608
00:27:45,400 --> 00:27:47,000
Speaker 1: ways that these brains are getting in front of you

609
00:27:47,160 --> 00:27:49,720
Speaker 1: where it looks like organic results. There are a ton

610
00:27:49,760 --> 00:27:52,320
Speaker 1: of different third party sellers and products out there. There's

611
00:27:52,320 --> 00:27:56,600
Speaker 1: an abundance of fake reviews, like honestly like the m

612
00:27:56,680 --> 00:27:58,159
Speaker 1: s r P. Like that feels like a thing of

613
00:27:58,200 --> 00:28:01,119
Speaker 1: the past. Right, So it's just hard to figure out.

614
00:28:01,200 --> 00:28:03,639
Speaker 1: It's hard to discern whether a sale is actually a

615
00:28:03,680 --> 00:28:07,720
Speaker 1: sail or not. Uh, And it's becoming surprisingly harder to

616
00:28:07,840 --> 00:28:10,679
Speaker 1: be a smart consumer, even in the age of of

617
00:28:10,720 --> 00:28:13,760
Speaker 1: price comparison being at our fingertips and so why you know,

618
00:28:13,800 --> 00:28:16,000
Speaker 1: like we talked about this in the newsletter last week,

619
00:28:16,200 --> 00:28:19,359
Speaker 1: we want folks to prioritize buying quality goods, not just

620
00:28:19,400 --> 00:28:22,359
Speaker 1: the cheap ones, and so certainly take advantage of sales,

621
00:28:22,400 --> 00:28:24,880
Speaker 1: but make sure that you were buying an item not

622
00:28:24,960 --> 00:28:27,119
Speaker 1: just because of the sale, not just because it happens

623
00:28:27,160 --> 00:28:29,320
Speaker 1: to be you know, marketed well and it is in

624
00:28:29,359 --> 00:28:31,200
Speaker 1: front of you, but because it's something a that you need,

625
00:28:31,280 --> 00:28:34,800
Speaker 1: but be something that's quality. But then also you can

626
00:28:34,960 --> 00:28:38,560
Speaker 1: use some of the different third party price tracking applications

627
00:28:38,600 --> 00:28:41,280
Speaker 1: or software out there, like Honey or Camel Camel Camel,

628
00:28:41,760 --> 00:28:43,560
Speaker 1: which is always a fun one to say, Well, that

629
00:28:43,600 --> 00:28:46,000
Speaker 1: one's so interesting too, because it shows you the actual data,

630
00:28:46,080 --> 00:28:48,720
Speaker 1: the price history of an item, as opposed to seeing like,

631
00:28:49,160 --> 00:28:51,120
Speaker 1: oh it says it's six off, is that a deal

632
00:28:51,200 --> 00:28:53,400
Speaker 1: or not? Well, Camel Camel Camel will say, well, here's

633
00:28:53,400 --> 00:28:55,320
Speaker 1: been the price over the past thirty days, so you

634
00:28:55,320 --> 00:28:57,400
Speaker 1: can see does that You can go in there and

635
00:28:57,440 --> 00:28:58,800
Speaker 1: you can see the price, which is great. I think

636
00:28:58,800 --> 00:29:02,200
Speaker 1: the price history is a better source of information than

637
00:29:02,320 --> 00:29:05,040
Speaker 1: whatever percentage off the retailers saying is you know they're

638
00:29:05,080 --> 00:29:07,880
Speaker 1: giving you now Totally yeah, And I mean so that's

639
00:29:07,880 --> 00:29:09,600
Speaker 1: the argument of the that The Atlantic was making, And

640
00:29:09,680 --> 00:29:11,200
Speaker 1: on one hand, I completely agree with that. On the

641
00:29:11,240 --> 00:29:13,920
Speaker 1: other hand, though, I kind of I don't want to

642
00:29:13,960 --> 00:29:16,520
Speaker 1: discount the personal responsibility that we should have when it

643
00:29:16,560 --> 00:29:19,240
Speaker 1: comes to spending our own dollars, right, because truly it

644
00:29:19,440 --> 00:29:21,960
Speaker 1: is easier than ever with the Internet at our fingertips

645
00:29:22,000 --> 00:29:23,560
Speaker 1: to be able to hop from like you want to

646
00:29:23,600 --> 00:29:25,200
Speaker 1: start off on Amazon shirt but then go over to

647
00:29:25,240 --> 00:29:27,520
Speaker 1: Walmart and then go over to eBay and make the

648
00:29:27,520 --> 00:29:30,480
Speaker 1: best informed shopping search for sure, Yes, yeah, make an

649
00:29:30,520 --> 00:29:33,920
Speaker 1: informed decision based on what it is that you're looking

650
00:29:33,920 --> 00:29:35,520
Speaker 1: to buy. I think one of the problems is that

651
00:29:35,560 --> 00:29:38,680
Speaker 1: retailers have also just made it so easy to make purchases.

652
00:29:38,680 --> 00:29:41,880
Speaker 1: They've lowered the bar, They've they've lowered the threshold of

653
00:29:41,960 --> 00:29:44,840
Speaker 1: what it takes to spend your money, and so the

654
00:29:45,280 --> 00:29:47,800
Speaker 1: like this is where the personal responsibility part comes in,

655
00:29:47,840 --> 00:29:50,600
Speaker 1: because I think we're so and I'm preaching to myself,

656
00:29:50,640 --> 00:29:52,840
Speaker 1: like I oftentimes go on Amazon not buy something because

657
00:29:52,840 --> 00:29:54,920
Speaker 1: it's easy and I know what's going to happen, right,

658
00:29:55,000 --> 00:29:56,640
Speaker 1: Like I don't even have to put the address my

659
00:29:56,640 --> 00:29:59,000
Speaker 1: addressing like it just shows up automatically. You just want

660
00:29:59,040 --> 00:30:00,760
Speaker 1: to swipe your hand right here a lot of the

661
00:30:00,760 --> 00:30:02,800
Speaker 1: screen right. And then do they still have those button

662
00:30:02,800 --> 00:30:05,000
Speaker 1: they used to make those physical buttons where when you're

663
00:30:05,040 --> 00:30:07,000
Speaker 1: getting low on something. I think they want to make

664
00:30:07,040 --> 00:30:09,840
Speaker 1: it so easy for you to spend your money. But

665
00:30:09,960 --> 00:30:12,760
Speaker 1: fact is, spend that extra couple of minutes and shop

666
00:30:12,800 --> 00:30:15,680
Speaker 1: around and look to see if you actually are getting

667
00:30:15,720 --> 00:30:19,160
Speaker 1: the best price. Yes, the technology has improved and retailers

668
00:30:19,160 --> 00:30:21,520
Speaker 1: are getting more sophisticated and how they're how it is

669
00:30:21,520 --> 00:30:23,280
Speaker 1: they're trying to sell stuff to you, But we it

670
00:30:23,320 --> 00:30:26,800
Speaker 1: can also still use that technology to our our advantage. Sure, yeah,

671
00:30:26,800 --> 00:30:28,880
Speaker 1: you need to be aware that this is happening so

672
00:30:28,960 --> 00:30:30,719
Speaker 1: that you can kind of avoid it, So you can

673
00:30:30,800 --> 00:30:33,480
Speaker 1: unsubscribe from those emails, turn off those notifications, delete the

674
00:30:33,480 --> 00:30:35,600
Speaker 1: app whatever it is. Say Hey, no, no, I know

675
00:30:35,640 --> 00:30:37,520
Speaker 1: you're trying to break into my brain barrier here and

676
00:30:37,520 --> 00:30:39,680
Speaker 1: you want me to make a purchase. There's things I

677
00:30:39,680 --> 00:30:42,080
Speaker 1: can do to kind of push that aside and stymy

678
00:30:42,120 --> 00:30:44,040
Speaker 1: your efforts. But at the same time, you're right, like

679
00:30:44,080 --> 00:30:47,040
Speaker 1: we're not their guinea pigs were not sitting ducks. Like,

680
00:30:47,080 --> 00:30:49,360
Speaker 1: we have the ability as individuals to make some different

681
00:30:49,400 --> 00:30:52,560
Speaker 1: choices and to do some searches and to to delay

682
00:30:52,600 --> 00:30:54,280
Speaker 1: our purchase so that we can make sure that that's

683
00:30:54,280 --> 00:30:56,440
Speaker 1: something we really want as opposed to like making that

684
00:30:56,480 --> 00:30:58,880
Speaker 1: spur of the moment purchase. So it's kind of both

685
00:30:58,920 --> 00:31:01,400
Speaker 1: and right on this front. So but that's gonna do it, Matt.

686
00:31:01,440 --> 00:31:05,280
Speaker 1: For today's Friday flight. Will have the links from some

687
00:31:05,360 --> 00:31:07,440
Speaker 1: of the resources that we mentioned on today's episode up

688
00:31:07,440 --> 00:31:09,600
Speaker 1: on our site as always at how to money dot com.

689
00:31:09,720 --> 00:31:11,960
Speaker 1: That's right, we've got a great ask how the Money

690
00:31:12,000 --> 00:31:14,200
Speaker 1: episode lined up for you here on Monday, so you

691
00:31:14,240 --> 00:31:17,360
Speaker 1: can look forward to that. So until next time, best

692
00:31:17,360 --> 00:31:19,120
Speaker 1: Friends Out, Best Friends Out,