1 00:00:00,080 --> 00:00:03,000 Speaker 1: Welcome to how to Money. I'm Joel and I am 2 00:00:03,040 --> 00:00:06,320 Speaker 1: Matt and today we're talking last minute tax tips, new 3 00:00:06,400 --> 00:00:28,640 Speaker 1: job fever, and a food waste fix. That's right. 4 00:00:28,760 --> 00:00:31,440 Speaker 2: Welcome to how to Money in the Personal Finance Podcast, 5 00:00:31,480 --> 00:00:34,159 Speaker 2: where well, specifically on Friday, as we talk about the 6 00:00:34,159 --> 00:00:37,600 Speaker 2: biggest headlines out there, the biggest stories that specifically tie 7 00:00:37,680 --> 00:00:40,560 Speaker 2: to how it is that you are able to earn, save, 8 00:00:41,040 --> 00:00:44,040 Speaker 2: and spend your money. But uh, yeah, man, that's Friday. 9 00:00:44,080 --> 00:00:45,960 Speaker 1: I thought you were gonna say the Personal Finance podcast 10 00:00:45,960 --> 00:00:48,040 Speaker 1: that puts all of the Personal Finance Podcast to shame, 11 00:00:48,159 --> 00:00:50,599 Speaker 1: to shame. No, this, Uh, there's another good one. 12 00:00:50,880 --> 00:00:52,479 Speaker 2: This is if you're new to the podcast. This is 13 00:00:52,479 --> 00:00:53,280 Speaker 2: what we do on Fridays. 14 00:00:53,280 --> 00:00:55,040 Speaker 1: We talk about. Yeah, if you saw Matt on Joe 15 00:00:55,080 --> 00:00:57,400 Speaker 1: Rogan and now you're following the show, that didn't happen. 16 00:00:57,760 --> 00:00:59,760 Speaker 2: Definitely did not happen. But uh yeah, man, we survived 17 00:00:59,760 --> 00:01:00,760 Speaker 2: the we we. 18 00:01:00,680 --> 00:01:03,160 Speaker 1: Survived the solar eclipse. Hopefully or hopefully you did. 19 00:01:03,160 --> 00:01:06,520 Speaker 2: Hopefully you weren't sneaking a peek in order to I 20 00:01:07,040 --> 00:01:07,880 Speaker 2: there was such a glimpse. 21 00:01:07,959 --> 00:01:10,000 Speaker 1: Some people reporting eye problems after the fact because I guess, 22 00:01:10,000 --> 00:01:12,920 Speaker 1: of course they gonn obey the guidelines to not stare 23 00:01:12,920 --> 00:01:14,800 Speaker 1: at this on which is ill advice. 24 00:01:14,920 --> 00:01:17,800 Speaker 2: Did you see the girl just right across the street 25 00:01:17,880 --> 00:01:21,400 Speaker 2: from it was selling the solar eclips classes. I love it. 26 00:01:21,840 --> 00:01:24,600 Speaker 1: Entrepreneurship right in our neck of the woods. Little girl 27 00:01:24,680 --> 00:01:28,000 Speaker 1: like crushing it. And she posted on Facebook, even in 28 00:01:28,000 --> 00:01:30,840 Speaker 1: the neighborhood group. Yeah, so are you in like the 29 00:01:30,840 --> 00:01:33,959 Speaker 1: neighborhood group here? Like, were we in this neighborhood? Well, 30 00:01:33,959 --> 00:01:36,959 Speaker 1: it's just it's just our little city, small town. Yeah, okay, 31 00:01:37,319 --> 00:01:39,640 Speaker 1: it's funny. So she posted there, Hey, got all the 32 00:01:39,680 --> 00:01:41,280 Speaker 1: eclipse classes over here? Come by them? 33 00:01:41,480 --> 00:01:43,320 Speaker 2: And I know they So you don't only go to 34 00:01:43,400 --> 00:01:45,640 Speaker 2: the how to money Facebook group? You two timer only 35 00:01:45,680 --> 00:01:46,520 Speaker 2: Facebook groups. 36 00:01:47,080 --> 00:01:49,400 Speaker 1: I go to other Facebook grook. But yeah, it's it's 37 00:01:49,400 --> 00:01:51,920 Speaker 1: mostly just our own. But I love that she did this. 38 00:01:52,040 --> 00:01:53,760 Speaker 1: I don't. I'm curious to know how much money should make. 39 00:01:53,760 --> 00:01:55,760 Speaker 1: I will say, I bet I can get the leftovers 40 00:01:55,760 --> 00:01:56,960 Speaker 1: for pennies on the dollars. I know. 41 00:01:57,000 --> 00:01:59,000 Speaker 2: So you and I we actually stepped outside during the 42 00:01:59,040 --> 00:02:00,280 Speaker 2: solar eclipse. I was like, I want if we can 43 00:02:00,320 --> 00:02:01,360 Speaker 2: run over and get them half off? 44 00:02:01,440 --> 00:02:04,360 Speaker 1: Yeah, in preparation else is going to buy them in 45 00:02:04,360 --> 00:02:07,160 Speaker 1: preparation right for what like twenty years from now, is 46 00:02:07,200 --> 00:02:08,440 Speaker 1: that when the next eclipse is going to happen. 47 00:02:08,560 --> 00:02:11,119 Speaker 2: My daughter said that she would be thirty one, so 48 00:02:11,120 --> 00:02:12,520 Speaker 2: so yeah, yeah, yeah, something like that. 49 00:02:12,520 --> 00:02:16,080 Speaker 1: That's crazy. We've got ways to go. Well, congrats to her. 50 00:02:16,240 --> 00:02:18,400 Speaker 1: And anyway, like I love I love it when my 51 00:02:18,400 --> 00:02:19,920 Speaker 1: own kids do this, they get a wild hair to 52 00:02:19,919 --> 00:02:21,800 Speaker 1: make some money. I always want to support them and 53 00:02:21,800 --> 00:02:24,079 Speaker 1: help them in that Enevor, whether it's like a lemonade stand, 54 00:02:24,160 --> 00:02:26,840 Speaker 1: creating art, selling it to neighbors who are walking around, 55 00:02:27,160 --> 00:02:29,960 Speaker 1: this is something we should be encouraging young folks to 56 00:02:30,160 --> 00:02:33,200 Speaker 1: participate in. Working for the man is just fine. But 57 00:02:34,120 --> 00:02:36,440 Speaker 1: if you get the bug, and it's a great way 58 00:02:36,480 --> 00:02:37,919 Speaker 1: to kind of test the waters when you're a kid, 59 00:02:38,000 --> 00:02:39,440 Speaker 1: just yeah, start something on the side. 60 00:02:39,560 --> 00:02:42,800 Speaker 2: Encourage those entrepreneurial endeavors. It does make me wonder, like 61 00:02:43,040 --> 00:02:46,040 Speaker 2: it seems that I am predisposed to be self employed 62 00:02:46,080 --> 00:02:48,239 Speaker 2: and essentially and I sold a lot of golf balls 63 00:02:48,520 --> 00:02:51,720 Speaker 2: as a kid in Augusta, and so I don't know 64 00:02:51,880 --> 00:02:53,760 Speaker 2: how much of that actually does have an impact. I'm 65 00:02:53,760 --> 00:02:56,280 Speaker 2: curious for other listeners out there who might be self employed, 66 00:02:56,240 --> 00:02:59,520 Speaker 2: who might own their own business, did you have a 67 00:02:59,600 --> 00:03:01,519 Speaker 2: job as a kid. Actually reach out to us. I'd 68 00:03:01,560 --> 00:03:03,960 Speaker 2: be very curious to know. Obviously, this is I don't 69 00:03:04,000 --> 00:03:06,680 Speaker 2: know what's the term positively selecting. There's some sort of 70 00:03:06,680 --> 00:03:09,160 Speaker 2: bias involved here in the way we're gathering this information, 71 00:03:09,240 --> 00:03:12,680 Speaker 2: but I would truly be totally interested in hearing your story. 72 00:03:13,000 --> 00:03:14,480 Speaker 1: You can always reach out how to money pod at 73 00:03:14,480 --> 00:03:16,160 Speaker 1: gmail dot com if you have a question, or if 74 00:03:16,160 --> 00:03:17,840 Speaker 1: you have a comment, or you want to answer mass question. 75 00:03:17,880 --> 00:03:20,040 Speaker 1: Mike reading those emails, that's right, all right. Now let's 76 00:03:20,120 --> 00:03:22,440 Speaker 1: move on to the Friday flight. And first off, let's 77 00:03:22,440 --> 00:03:25,280 Speaker 1: talk about taxes. Procrastinators, Matt, they don't have much time 78 00:03:25,360 --> 00:03:28,080 Speaker 1: left to finish our taxes. I will include myself in 79 00:03:28,160 --> 00:03:30,600 Speaker 1: that bunch. Some of my taxworms don't come into like 80 00:03:30,919 --> 00:03:33,440 Speaker 1: mid March when you have a fouled yet No, Joe. 81 00:03:33,560 --> 00:03:36,600 Speaker 2: I know, well, no, I work with a tax professional 82 00:03:36,600 --> 00:03:38,840 Speaker 2: because UNI final an extension probably. 83 00:03:38,960 --> 00:03:41,400 Speaker 1: Okay, just emailed her today, so we'll see. I'll let 84 00:03:41,440 --> 00:03:43,360 Speaker 1: you out. So myself included. 85 00:03:43,520 --> 00:03:48,119 Speaker 2: Oh goodness, get on it, you guys, literally no judgments. 86 00:03:48,360 --> 00:03:49,920 Speaker 1: She got on my form A lot of stuff to 87 00:03:49,920 --> 00:03:51,800 Speaker 1: get in multiple weeks ago. Okay, so I got all 88 00:03:51,880 --> 00:03:53,680 Speaker 1: my last stuff in took me a week to gather 89 00:03:53,720 --> 00:03:56,520 Speaker 1: everything together send it over. But she's got the info. 90 00:03:56,600 --> 00:03:59,440 Speaker 1: Now good, we'll make it out. But if you have 91 00:03:59,520 --> 00:04:02,640 Speaker 1: not finished things up, Monday is your deadline, or you 92 00:04:02,640 --> 00:04:04,640 Speaker 1: have to file an extension like I might also have 93 00:04:04,640 --> 00:04:06,520 Speaker 1: to do, we'll see. And so yeah, if you're trying 94 00:04:06,520 --> 00:04:08,800 Speaker 1: to figure out where do I go to file my taxes, 95 00:04:08,840 --> 00:04:10,640 Speaker 1: that is a question a lot of people have, Matt. 96 00:04:10,680 --> 00:04:13,480 Speaker 1: We always have a couple of recommendations. We like cash 97 00:04:13,520 --> 00:04:16,520 Speaker 1: app taxes because it's free, all the way free. We 98 00:04:16,600 --> 00:04:18,800 Speaker 1: like free tax USA, even though it's not all the 99 00:04:18,800 --> 00:04:21,400 Speaker 1: way free, it's free for federal filing in fifteen bucks 100 00:04:21,640 --> 00:04:24,520 Speaker 1: to file your state tax forms, and so like. If 101 00:04:24,520 --> 00:04:26,440 Speaker 1: you plan on going the diy out, those are two 102 00:04:26,440 --> 00:04:29,760 Speaker 1: great services. But of course hiring a pro if your 103 00:04:29,800 --> 00:04:33,159 Speaker 1: situation is a bit more complex is advisable. The tough 104 00:04:33,200 --> 00:04:35,360 Speaker 1: thing might be finding someone who can do it within 105 00:04:35,400 --> 00:04:38,280 Speaker 1: the allotted time period. So you might be exactly dying 106 00:04:38,320 --> 00:04:40,280 Speaker 1: it this year. And by the way, you probably want 107 00:04:40,279 --> 00:04:44,360 Speaker 1: to avoid TurboTax. The Washington Post had a startling article 108 00:04:44,680 --> 00:04:46,720 Speaker 1: about how they want you to cough up your privacy 109 00:04:47,080 --> 00:04:50,479 Speaker 1: and TurboTax they earn additional revenue by targeting you with 110 00:04:50,560 --> 00:04:54,000 Speaker 1: ads based on your specific financial situation, and so yeah, 111 00:04:54,200 --> 00:04:57,039 Speaker 1: you can decline, but based on all the negative things 112 00:04:57,040 --> 00:05:01,000 Speaker 1: we've talked about TurboTax on this in the past, why 113 00:05:01,080 --> 00:05:02,599 Speaker 1: use them in the first place. They are better options 114 00:05:02,600 --> 00:05:04,400 Speaker 1: out there, they're the biggest, but it doesn't mean they're 115 00:05:04,400 --> 00:05:05,560 Speaker 1: the best. Yeah, that's right. 116 00:05:05,680 --> 00:05:08,599 Speaker 2: And honestly, I don't know if you are just now 117 00:05:08,680 --> 00:05:10,200 Speaker 2: like looking at see at least with you, you've like 118 00:05:10,240 --> 00:05:12,760 Speaker 2: gotten your your forums together and you've kind of. 119 00:05:12,839 --> 00:05:13,679 Speaker 1: You've done the legwork. 120 00:05:13,760 --> 00:05:15,720 Speaker 2: I feel like folks who are getting all their stuff 121 00:05:15,760 --> 00:05:18,360 Speaker 2: together right now this weekend, it feels like folks who 122 00:05:18,360 --> 00:05:21,880 Speaker 2: are like buying the Valentine's Day balloon or chocolates. Is 123 00:05:21,960 --> 00:05:23,320 Speaker 2: like at the gas station on the way home. It's 124 00:05:23,360 --> 00:05:25,240 Speaker 2: just like, oh, like a last minute hail Mary, like 125 00:05:25,320 --> 00:05:26,359 Speaker 2: maybe this will work for. 126 00:05:26,400 --> 00:05:29,040 Speaker 1: Sure, and for people who have like non complex situations. 127 00:05:29,040 --> 00:05:30,440 Speaker 2: And that's what That's what else I was gonna say, 128 00:05:30,440 --> 00:05:31,800 Speaker 2: because there's I'm sure a lot of folks out there 129 00:05:31,800 --> 00:05:33,760 Speaker 2: who are just like, oh my gosh, that's like being 130 00:05:33,800 --> 00:05:38,160 Speaker 2: super judgy today. I feel like taxes are crazy complicated, 131 00:05:38,160 --> 00:05:39,760 Speaker 2: but there are a lot of folks. And literally it's 132 00:05:39,880 --> 00:05:42,080 Speaker 2: a single sheet, super simple, straightforward. 133 00:05:42,080 --> 00:05:44,360 Speaker 1: It's like a postcard. So okay, I'd take it back. 134 00:05:44,400 --> 00:05:45,760 Speaker 1: It's not that hard. You can do it this weekend. 135 00:05:45,880 --> 00:05:47,400 Speaker 2: And by the way, even if you owe money and 136 00:05:47,440 --> 00:05:50,760 Speaker 2: you can't pay it, fire your taxes anyway, because completely 137 00:05:51,400 --> 00:05:53,880 Speaker 2: sticking your head in the sand like an ostrich and 138 00:05:53,920 --> 00:05:56,880 Speaker 2: not filing altogether, that becomes a much bigger issue than 139 00:05:56,920 --> 00:05:59,560 Speaker 2: not being able to pay. And if you are elecjol 140 00:05:59,640 --> 00:06:02,279 Speaker 2: and you are gonna end up filing an extension, you 141 00:06:02,279 --> 00:06:04,560 Speaker 2: still need to pay your estimated tax in order to 142 00:06:04,760 --> 00:06:07,160 Speaker 2: avoid penalties, and so that's something that's important. 143 00:06:07,200 --> 00:06:09,560 Speaker 1: We talked about mind as well. Penalties have gone up 144 00:06:09,600 --> 00:06:12,520 Speaker 1: too as interest rates have gone up. So yeah, make 145 00:06:12,560 --> 00:06:14,960 Speaker 1: sure you pay what you think you owe, even if 146 00:06:15,040 --> 00:06:17,920 Speaker 1: you aren't ready to completely file your taxes. 147 00:06:17,920 --> 00:06:19,440 Speaker 2: In your filing axent, do you have an idea of 148 00:06:19,480 --> 00:06:21,559 Speaker 2: what you might be refunded or what you might owe? 149 00:06:21,760 --> 00:06:25,000 Speaker 1: Yeah, exactly. Yeah, Well I pay quarterly estimated just like you, 150 00:06:25,080 --> 00:06:27,440 Speaker 1: and and I'm pretty sure I'm spot on in that 151 00:06:27,560 --> 00:06:29,679 Speaker 1: in that rece yeah, so same. Yeah. 152 00:06:30,320 --> 00:06:33,400 Speaker 2: Well I'm actually kind of bummed because well, I don't 153 00:06:33,440 --> 00:06:35,040 Speaker 2: know was it. I think a couple months ago. I 154 00:06:35,080 --> 00:06:36,560 Speaker 2: even said I was like really kind of hoping for 155 00:06:36,600 --> 00:06:39,520 Speaker 2: a big refund this year because for several reasons that 156 00:06:39,520 --> 00:06:41,400 Speaker 2: I won't go into, it didn't pay out that way. No, 157 00:06:41,680 --> 00:06:45,440 Speaker 2: I was so bumbed. Man, Yeah, it was my federal taxes. 158 00:06:45,480 --> 00:06:48,360 Speaker 2: I owed three hundred dollars, so like super spots very close. 159 00:06:48,440 --> 00:06:50,680 Speaker 2: My tax preparer she actually was like, how did you 160 00:06:51,360 --> 00:06:53,080 Speaker 2: determine by the way, like what did it? Like, how 161 00:06:53,120 --> 00:06:54,640 Speaker 2: did you figure out your estimates? Because she was wanting 162 00:06:54,640 --> 00:06:57,600 Speaker 2: to know my like the magic sauce, And I was like, oh, 163 00:06:57,680 --> 00:07:00,159 Speaker 2: if only you knew how I calculate this with my 164 00:07:00,200 --> 00:07:03,960 Speaker 2: Excel spreadsheets. But I did get back like twelve hundred 165 00:07:03,960 --> 00:07:06,520 Speaker 2: bucks from the state. Okay, so that's you know, at 166 00:07:06,600 --> 00:07:09,600 Speaker 2: least I'm not owing a massive amount like I was 167 00:07:09,680 --> 00:07:12,840 Speaker 2: last year. And by the way, the average refund amount 168 00:07:12,840 --> 00:07:14,560 Speaker 2: that folks who are getting back this year, it's around 169 00:07:14,560 --> 00:07:16,760 Speaker 2: three thousand dollars. And so for all you folks out there, 170 00:07:16,800 --> 00:07:19,560 Speaker 2: make sure that you are doing something smart with that money, at. 171 00:07:19,520 --> 00:07:20,679 Speaker 1: Least with the majority of it. 172 00:07:21,000 --> 00:07:24,120 Speaker 2: Well, I just think about the fact that something like 173 00:07:24,320 --> 00:07:27,320 Speaker 2: is it sixty percent of American households are living paycheck 174 00:07:27,320 --> 00:07:30,080 Speaker 2: to paycheck. When I hear that, it makes me think, Okay, 175 00:07:30,200 --> 00:07:32,000 Speaker 2: I've got a good idea of what you can do 176 00:07:32,040 --> 00:07:35,720 Speaker 2: without money, nothing like literally sit on it, park it 177 00:07:35,800 --> 00:07:38,600 Speaker 2: in your highyield savings and earn that five percent. 178 00:07:38,680 --> 00:07:38,880 Speaker 1: Yeah. 179 00:07:38,880 --> 00:07:40,640 Speaker 2: And if you're not earning five percent, we've got an 180 00:07:40,680 --> 00:07:42,880 Speaker 2: article for you to that explains how easy it is 181 00:07:42,880 --> 00:07:45,520 Speaker 2: to switch to an online savings account but is offering 182 00:07:45,960 --> 00:07:47,760 Speaker 2: a sweet percentage like that. 183 00:07:47,840 --> 00:07:49,800 Speaker 1: And it's funny you said you were kind of rooting 184 00:07:49,840 --> 00:07:53,119 Speaker 1: to get money back to get a refund. I wasn't. Well, 185 00:07:53,360 --> 00:07:56,880 Speaker 1: the average personal finance person would say, well, that's just 186 00:07:56,920 --> 00:07:59,800 Speaker 1: an interest free loan to the federal government. Raechnically true. Yeah, 187 00:07:59,800 --> 00:08:01,800 Speaker 1: And there is truth to that, of course, and that 188 00:08:01,880 --> 00:08:04,760 Speaker 1: if you had kept that money around in getting paid 189 00:08:04,800 --> 00:08:06,800 Speaker 1: a little more with every paycheck, funneling that into a 190 00:08:06,840 --> 00:08:09,520 Speaker 1: savings account, especially into one of these high yield savings accounts, 191 00:08:09,560 --> 00:08:11,960 Speaker 1: you would have done better than waiting for the refund. 192 00:08:12,040 --> 00:08:14,920 Speaker 1: But there's also some truth to the fact, Matt, that 193 00:08:15,360 --> 00:08:17,240 Speaker 1: it's a great force method of savings for people, and 194 00:08:17,480 --> 00:08:20,320 Speaker 1: most people don't encounter a lump sum to quite this 195 00:08:20,440 --> 00:08:23,120 Speaker 1: extent at any other point in the year. So I 196 00:08:23,200 --> 00:08:25,760 Speaker 1: kind of like in some ways the way tax refunds 197 00:08:25,840 --> 00:08:28,120 Speaker 1: can work for people as long as they're willing to 198 00:08:28,160 --> 00:08:30,040 Speaker 1: do the right thing when they get it back in 199 00:08:30,080 --> 00:08:31,200 Speaker 1: their hands. Yeah, I totally agree. 200 00:08:31,200 --> 00:08:33,280 Speaker 2: Man, Let's talk about working from home, because we've all 201 00:08:33,400 --> 00:08:36,960 Speaker 2: witnessed the dramatic shift towards working from home and then 202 00:08:37,000 --> 00:08:40,360 Speaker 2: the whiplash back in recent months, right as many businesses, 203 00:08:40,720 --> 00:08:43,120 Speaker 2: big companies as well as they have pivoted on their 204 00:08:43,120 --> 00:08:46,360 Speaker 2: policies and demanded their workers to return. Oh you moved, idaho, 205 00:08:46,600 --> 00:08:48,880 Speaker 2: I we need to know back seriously, Like a lot 206 00:08:48,920 --> 00:08:51,240 Speaker 2: of folks got used to that flexibility. I remember reading 207 00:08:51,280 --> 00:08:54,680 Speaker 2: stories about grandparents who, like boomers, who are still working, 208 00:08:55,040 --> 00:08:57,160 Speaker 2: moving closer to their kids so they could be closer 209 00:08:57,160 --> 00:08:59,800 Speaker 2: to their grandkids or vice versa. Right, younger families moving 210 00:08:59,840 --> 00:09:02,679 Speaker 2: to where the childcare kind of built in childcare is 211 00:09:03,280 --> 00:09:06,720 Speaker 2: in some of those more retiree cities. It's kind of crazy, 212 00:09:06,760 --> 00:09:08,800 Speaker 2: how I guess At the time, a lot of folks 213 00:09:08,840 --> 00:09:10,640 Speaker 2: were writing about how this is the new normal, and 214 00:09:10,679 --> 00:09:13,400 Speaker 2: we quickly got used to the idea that all, right, 215 00:09:13,440 --> 00:09:15,680 Speaker 2: things are never going to return to the way that 216 00:09:15,760 --> 00:09:18,880 Speaker 2: they were. And granted they may not, but it has 217 00:09:19,040 --> 00:09:21,400 Speaker 2: reversed course to a large extent. And even if folks 218 00:09:21,400 --> 00:09:24,679 Speaker 2: stayed local, going back to commuting to work right, like 219 00:09:24,960 --> 00:09:27,920 Speaker 2: it's an entire lifestyle, that might be a bridge too far. 220 00:09:28,640 --> 00:09:33,360 Speaker 2: But we've also mentioned how pay and how promotions those 221 00:09:33,760 --> 00:09:37,319 Speaker 2: are going to folks who are back in the office more. 222 00:09:37,360 --> 00:09:40,120 Speaker 2: And we're talking about even just going hybrid, right, just 223 00:09:40,160 --> 00:09:42,520 Speaker 2: going in like two or three days a week, that 224 00:09:42,559 --> 00:09:45,040 Speaker 2: can have a positive impact on your career, on your earnings. 225 00:09:45,360 --> 00:09:48,800 Speaker 2: And new data, new numbers from ZIP recruiter proves this. 226 00:09:49,080 --> 00:09:51,319 Speaker 2: It hammers his home. They've got data that shows that 227 00:09:51,440 --> 00:09:54,800 Speaker 2: workers who swap from fully remote to fully in office 228 00:09:54,800 --> 00:09:57,520 Speaker 2: setups in the US through twenty twenty three, they received 229 00:09:58,160 --> 00:10:01,520 Speaker 2: twenty nine point two percent pay ABOUMP nearly thirty percent, 230 00:10:01,760 --> 00:10:05,000 Speaker 2: And that's basically double of what those moving the other 231 00:10:05,080 --> 00:10:08,440 Speaker 2: way what they experience. And so it's just another example, 232 00:10:08,559 --> 00:10:11,480 Speaker 2: another just more when at the back of folks who 233 00:10:11,480 --> 00:10:14,000 Speaker 2: are saying, oh, maybe I should consider going back into 234 00:10:14,040 --> 00:10:18,360 Speaker 2: the office if that career advancement, getting a pay raise, 235 00:10:18,440 --> 00:10:19,000 Speaker 2: if that's a. 236 00:10:18,920 --> 00:10:21,640 Speaker 1: Priority for you. You mentioned the commute, and maybe someone says, actually, 237 00:10:21,640 --> 00:10:23,200 Speaker 1: my commute was an hour and a half each way. 238 00:10:23,440 --> 00:10:25,400 Speaker 1: That's three hours of my life. It's not worth the 239 00:10:25,800 --> 00:10:28,880 Speaker 1: extra pay I would otherwise get. But this, this is 240 00:10:28,880 --> 00:10:31,920 Speaker 1: the reality of the workforce right now. Right in many cases, 241 00:10:31,960 --> 00:10:34,480 Speaker 1: you can have the flexibility that you want or the 242 00:10:34,480 --> 00:10:37,480 Speaker 1: bigger paycheck in the opportunities for advancement. Getting both at 243 00:10:37,480 --> 00:10:39,400 Speaker 1: the same time is tough to come by, right, And 244 00:10:39,400 --> 00:10:42,520 Speaker 1: that's not in all cases, But this is the general trend. 245 00:10:42,640 --> 00:10:44,760 Speaker 1: I mean, the truth is businesses are largely taking the 246 00:10:44,760 --> 00:10:48,600 Speaker 1: carret approach right. They are incentivizing in person workers with 247 00:10:48,720 --> 00:10:50,800 Speaker 1: higher pay. I mean, I guess you know some businesses 248 00:10:50,840 --> 00:10:53,640 Speaker 1: are saying come back in or else. That has certainly 249 00:10:53,720 --> 00:10:56,720 Speaker 1: been the case of some employers. And this is a 250 00:10:56,720 --> 00:11:00,240 Speaker 1: personal choice, of course, but knowing the trade offs you're 251 00:11:00,240 --> 00:11:03,200 Speaker 1: making is crucial. It's the same kind of trade off 252 00:11:03,200 --> 00:11:04,880 Speaker 1: that you have to make if you opt to work less, 253 00:11:04,920 --> 00:11:07,319 Speaker 1: like we've talked about a couple of weeks ago. There 254 00:11:07,360 --> 00:11:10,120 Speaker 1: can be really great reasons to make that decision, but 255 00:11:10,200 --> 00:11:13,040 Speaker 1: know the ramifications. I think some people might say, I 256 00:11:13,160 --> 00:11:15,199 Speaker 1: really like the work life balance I've been able to achieve. 257 00:11:15,240 --> 00:11:19,320 Speaker 1: Going back in the office non starter, like don't even 258 00:11:19,320 --> 00:11:21,319 Speaker 1: bring up the topic with me. But other people might say, 259 00:11:21,600 --> 00:11:23,880 Speaker 1: you know what I'm especially if you're younger in your 260 00:11:23,880 --> 00:11:25,920 Speaker 1: career and you've got the go get a attitude, you 261 00:11:26,000 --> 00:11:27,760 Speaker 1: might say, no, no, no, I'm going to find myself going 262 00:11:27,800 --> 00:11:30,400 Speaker 1: back into the office more because I didn't realize the 263 00:11:30,400 --> 00:11:31,600 Speaker 1: stakes were that high. Yeah. 264 00:11:31,720 --> 00:11:34,360 Speaker 2: Plus there's an element of it that's just fun, right, 265 00:11:34,400 --> 00:11:38,560 Speaker 2: like literally, like we are embodied creatures, right, Like you 266 00:11:38,559 --> 00:11:40,960 Speaker 2: can't like we're tied to the physical world and we 267 00:11:41,000 --> 00:11:44,040 Speaker 2: can't just like tap into the matrix do your knowledge work, 268 00:11:44,200 --> 00:11:46,280 Speaker 2: which you can do, but then to expect the same 269 00:11:46,320 --> 00:11:48,480 Speaker 2: kind of fulfillment I think from that work, then more 270 00:11:48,520 --> 00:11:50,880 Speaker 2: you to go into the office a few times a week. 271 00:11:50,920 --> 00:11:52,800 Speaker 1: I think it also depends on the kind of person 272 00:11:52,840 --> 00:11:54,960 Speaker 1: and the kind of setup that they have, because some people, 273 00:11:55,480 --> 00:11:58,120 Speaker 1: Matt they find themselves working in their bed and it 274 00:11:58,160 --> 00:12:00,720 Speaker 1: can be kind of sure, that's a tough setup. Or 275 00:12:00,800 --> 00:12:02,560 Speaker 1: let's say you're like, oh, let me get some laundry done. 276 00:12:02,800 --> 00:12:04,760 Speaker 2: You kids just I think, yeah, I totally agree. I 277 00:12:04,760 --> 00:12:06,160 Speaker 2: think it leads to poor outcomes. 278 00:12:06,360 --> 00:12:06,920 Speaker 1: Not for everyone. 279 00:12:06,960 --> 00:12:08,760 Speaker 2: I mean I think for some people. Yeah, for some people. 280 00:12:08,800 --> 00:12:10,520 Speaker 2: But I guess when I'm highlight I'm not saying that 281 00:12:10,559 --> 00:12:13,640 Speaker 2: work is like the panacea. It's not like the It's 282 00:12:13,679 --> 00:12:15,960 Speaker 2: not the solution to every problem here, but it is 283 00:12:16,000 --> 00:12:18,160 Speaker 2: an outlet for folks to be able to experience some 284 00:12:18,200 --> 00:12:21,160 Speaker 2: of that in person, some of those in IRL hangs. 285 00:12:21,200 --> 00:12:23,720 Speaker 2: I think that's not something to completely dismiss. 286 00:12:23,760 --> 00:12:25,079 Speaker 1: It's for better or worse. It is one of the 287 00:12:25,160 --> 00:12:28,120 Speaker 1: number one places we find community these days. Yeah. 288 00:12:28,160 --> 00:12:30,680 Speaker 2: Also the job market, man, it is in constant flux. 289 00:12:30,840 --> 00:12:33,080 Speaker 2: There's a lot of questions as to like maybe what 290 00:12:33,160 --> 00:12:34,880 Speaker 2: the future of work is going to look like. But 291 00:12:35,080 --> 00:12:37,520 Speaker 2: we have been in a pretty tight labor market for 292 00:12:37,559 --> 00:12:40,480 Speaker 2: some time now. With the unemployment rate still hanging out 293 00:12:40,480 --> 00:12:43,600 Speaker 2: below four percent, it could actually get even tighter. As 294 00:12:43,960 --> 00:12:47,440 Speaker 2: resume dot com they find that one in eight retirees 295 00:12:47,920 --> 00:12:50,400 Speaker 2: are planning to return to the workforce in twenty twenty four. 296 00:12:50,440 --> 00:12:52,520 Speaker 2: They are quote unquote unretiring. 297 00:12:52,800 --> 00:12:54,680 Speaker 1: My grandma just turned ninety three, Matt I told her 298 00:12:54,720 --> 00:12:56,720 Speaker 1: to go get her job, get back out there. 299 00:12:56,760 --> 00:12:59,120 Speaker 2: Well, well literally, the rise and cost of living like 300 00:12:59,160 --> 00:13:02,120 Speaker 2: that's cided as the main reason to secure a steady 301 00:13:02,120 --> 00:13:04,520 Speaker 2: paycheck again, and I think it's going to be easier 302 00:13:04,520 --> 00:13:07,160 Speaker 2: than it normally is to land a job because employers 303 00:13:07,200 --> 00:13:10,000 Speaker 2: they are so desperate for talent. So I dude, I 304 00:13:10,000 --> 00:13:13,120 Speaker 2: think kudos to the sixty five an overcrowd for getting 305 00:13:13,120 --> 00:13:14,920 Speaker 2: back out there. I think a part time job in 306 00:13:15,080 --> 00:13:19,200 Speaker 2: those years can provide some meaning, but also again that 307 00:13:19,280 --> 00:13:21,960 Speaker 2: in person connection it can help you to stretch those 308 00:13:21,960 --> 00:13:23,160 Speaker 2: retirement funds a good bit. 309 00:13:23,080 --> 00:13:23,760 Speaker 1: Further as well. 310 00:13:24,120 --> 00:13:26,720 Speaker 2: And I think more than anything else, I think there's 311 00:13:26,720 --> 00:13:28,880 Speaker 2: a problem because I feel like going back to work 312 00:13:28,880 --> 00:13:31,680 Speaker 2: it almost feels like a failure. It's like, man, I 313 00:13:31,720 --> 00:13:33,800 Speaker 2: did a crappy job at setting aside enough work, and 314 00:13:33,840 --> 00:13:35,679 Speaker 2: I want us to shift the. 315 00:13:35,679 --> 00:13:37,360 Speaker 1: Narrative meets setting side enough money. 316 00:13:37,480 --> 00:13:40,200 Speaker 2: Yeah, what I say, work work, no sitting aside enough 317 00:13:40,240 --> 00:13:42,280 Speaker 2: money for retirement, And so I don't know. I just 318 00:13:42,280 --> 00:13:45,520 Speaker 2: want us to have a more dynamic relationship with the 319 00:13:45,559 --> 00:13:48,440 Speaker 2: work that we're able to provide. I think historically we've 320 00:13:48,440 --> 00:13:51,120 Speaker 2: had too much of like a black and white picture 321 00:13:51,240 --> 00:13:53,480 Speaker 2: of what retirement looks like. It's basically like, you are 322 00:13:53,520 --> 00:13:54,920 Speaker 2: going to work this job that you hate, and all 323 00:13:54,920 --> 00:13:57,000 Speaker 2: of a sudden, at a certain point, then you're going 324 00:13:57,040 --> 00:13:58,400 Speaker 2: to be able to relax and do something you. 325 00:13:58,360 --> 00:13:59,360 Speaker 1: Love as a post beach. 326 00:13:59,520 --> 00:14:02,680 Speaker 2: Yeah, posed to like a metaphor, and it made me 327 00:14:02,720 --> 00:14:05,640 Speaker 2: think of coffee, and when I first got into coffee, 328 00:14:05,720 --> 00:14:07,719 Speaker 2: started grinding my beans at home because of course that's 329 00:14:07,760 --> 00:14:10,520 Speaker 2: how you make good coffee at home, right, The way 330 00:14:10,640 --> 00:14:12,559 Speaker 2: you grind your beans is using a little spice grinder, 331 00:14:12,559 --> 00:14:15,000 Speaker 2: you know what I'm talking about. Oh, you drop them 332 00:14:15,040 --> 00:14:16,720 Speaker 2: on top, you put the cap on, and then you 333 00:14:16,760 --> 00:14:19,920 Speaker 2: just hit go and you just cross your fingers. Who 334 00:14:19,920 --> 00:14:21,520 Speaker 2: knows what's gonna happen, but you know your beans are 335 00:14:21,520 --> 00:14:22,360 Speaker 2: gonna get chopped up. 336 00:14:22,720 --> 00:14:23,600 Speaker 1: And it didn't. 337 00:14:23,400 --> 00:14:25,880 Speaker 2: Necessarily lead to the best quality of coffee. But guess 338 00:14:25,880 --> 00:14:27,680 Speaker 2: what you can do now. You can buy these burg 339 00:14:27,720 --> 00:14:29,760 Speaker 2: grinders and you can dial it in man like, you 340 00:14:29,800 --> 00:14:32,520 Speaker 2: can choose the size of grind that you want. And 341 00:14:32,560 --> 00:14:34,600 Speaker 2: I think that's how we should think about work. There 342 00:14:34,640 --> 00:14:37,160 Speaker 2: are so many additional opportunities for folks to choose the 343 00:14:37,160 --> 00:14:39,280 Speaker 2: type of work that they want. It's not like I 344 00:14:39,280 --> 00:14:42,680 Speaker 2: think there are very few communities where the coal mine 345 00:14:42,720 --> 00:14:45,800 Speaker 2: or the factory or the mill is like the sole 346 00:14:45,840 --> 00:14:48,760 Speaker 2: employer for an entire town. There are so many part 347 00:14:48,760 --> 00:14:51,760 Speaker 2: time gigs, virtual work. There are just opportunities, I think, 348 00:14:51,800 --> 00:14:54,000 Speaker 2: to make money, perhaps more than what folks are willing 349 00:14:54,000 --> 00:14:54,520 Speaker 2: to acknowledge. 350 00:14:54,560 --> 00:14:56,760 Speaker 1: That's out there, that's all. Yeah, No, I think you're right, 351 00:14:56,800 --> 00:14:59,160 Speaker 1: and I don't see it as a sign of failure 352 00:14:59,200 --> 00:15:03,560 Speaker 1: at all. I think recognizing that earlier in your retirement 353 00:15:03,640 --> 00:15:06,320 Speaker 1: years that wait a second, just money isn't gonna last 354 00:15:06,320 --> 00:15:08,000 Speaker 1: as long as I thought, or you know what, I 355 00:15:08,040 --> 00:15:10,160 Speaker 1: am missing some of that connection. I think it can 356 00:15:10,240 --> 00:15:12,320 Speaker 1: help write the ship earlier on. And I think it's 357 00:15:12,320 --> 00:15:13,960 Speaker 1: becoming so commonplace now. It's not like you have to 358 00:15:13,960 --> 00:15:16,360 Speaker 1: explain to your family and friends, Oh this is why 359 00:15:16,360 --> 00:15:18,640 Speaker 1: I'm going back. I think most people understand there are 360 00:15:18,640 --> 00:15:21,320 Speaker 1: a slew of reasons where folks who have bag work 361 00:15:21,440 --> 00:15:23,000 Speaker 1: they decide to go back to work. There's a lot 362 00:15:23,040 --> 00:15:25,200 Speaker 1: of like good cause to do that and go in 363 00:15:25,200 --> 00:15:27,360 Speaker 1: that direction. So totally no shame in that game. No, 364 00:15:28,000 --> 00:15:30,400 Speaker 1: it's not just our parents generation, by the way, that's 365 00:15:30,400 --> 00:15:32,760 Speaker 1: interested in getting a new job. I was shocked to 366 00:15:32,760 --> 00:15:36,200 Speaker 1: see this stat mat from moster dot COM's work watch report. 367 00:15:36,400 --> 00:15:39,040 Speaker 1: They found that ninety five percent of workers want a 368 00:15:39,120 --> 00:15:41,440 Speaker 1: new job right now, and I was like, I get 369 00:15:41,440 --> 00:15:42,840 Speaker 1: that a lot of people want a new job or 370 00:15:42,880 --> 00:15:46,160 Speaker 1: want something better maybe, but ninety five percent, Like that's crazy. 371 00:15:46,240 --> 00:15:48,560 Speaker 1: Nineteen out of twenty folks really want a new job. 372 00:15:48,760 --> 00:15:50,000 Speaker 1: And again you got to take this with like a 373 00:15:50,000 --> 00:15:51,760 Speaker 1: grain of salt, because master dot com is a place 374 00:15:51,760 --> 00:15:54,480 Speaker 1: where you search for jobs, and so they want everyone 375 00:15:54,480 --> 00:15:56,640 Speaker 1: to feel like, hey, everybody's doing it. Go ahead, search 376 00:15:56,640 --> 00:15:58,400 Speaker 1: for a new job. Everyone is And so I guess 377 00:15:58,440 --> 00:16:01,720 Speaker 1: what this reveals is that somehow now nobody likes their 378 00:16:01,760 --> 00:16:04,880 Speaker 1: current job and everybody wants something better. In some ways, 379 00:16:04,880 --> 00:16:07,360 Speaker 1: I think that that is totally fine, but you also 380 00:16:07,360 --> 00:16:09,640 Speaker 1: have to realize that grass isn't always greener on the 381 00:16:09,680 --> 00:16:11,760 Speaker 1: other side, although the pay might be higher on the 382 00:16:11,760 --> 00:16:15,000 Speaker 1: other side, which is definitely something to take into consideration. 383 00:16:15,400 --> 00:16:19,360 Speaker 1: The ADP, the payroll company, they noted this week that 384 00:16:19,440 --> 00:16:22,960 Speaker 1: the pay gap between staying put and going on to 385 00:16:22,960 --> 00:16:25,760 Speaker 1: get a different job is growing again. It was really 386 00:16:25,800 --> 00:16:28,760 Speaker 1: wide there at the height of the job market insanity, 387 00:16:28,880 --> 00:16:31,760 Speaker 1: and seem to kind of calm down. And now if 388 00:16:31,800 --> 00:16:34,360 Speaker 1: you switch jobs, you're going to get on average, like 389 00:16:34,400 --> 00:16:36,800 Speaker 1: a ten plus percent pay bump, and if you stay put, 390 00:16:36,800 --> 00:16:39,000 Speaker 1: you're going to get about a five percent pay bump. 391 00:16:39,280 --> 00:16:41,960 Speaker 1: So that can be one reason to mosey on down 392 00:16:42,000 --> 00:16:44,280 Speaker 1: the road. Maybe it's a better work environment, better work culture, 393 00:16:44,680 --> 00:16:47,960 Speaker 1: better pay, better benefits, all sorts. Of things can be true, 394 00:16:48,080 --> 00:16:49,640 Speaker 1: but I think it's also true that a change of 395 00:16:49,680 --> 00:16:52,840 Speaker 1: scenery doesn't necessarily fix all of your problems that you 396 00:16:52,880 --> 00:16:54,600 Speaker 1: might have with with work. That's true. 397 00:16:54,680 --> 00:16:57,800 Speaker 2: Yeah, Okay, one last story to cover on the workfront 398 00:16:57,880 --> 00:17:00,320 Speaker 2: or the job front today, because we don't want folks 399 00:17:00,320 --> 00:17:02,320 Speaker 2: to worry too much about all the retirees who are 400 00:17:02,360 --> 00:17:05,280 Speaker 2: coming back to work or all the job hunters out there. 401 00:17:05,280 --> 00:17:06,000 Speaker 1: They got the fever. 402 00:17:06,560 --> 00:17:10,240 Speaker 2: There's a new analysis from MIT and they find that 403 00:17:10,359 --> 00:17:14,040 Speaker 2: six and ten jobs currently in existence that they weren't 404 00:17:14,040 --> 00:17:17,320 Speaker 2: even a thing back in nineteen forty. And on one hand, 405 00:17:17,359 --> 00:17:20,439 Speaker 2: this kind of makes sense, but it's also kind of shocking, Like, 406 00:17:20,480 --> 00:17:23,520 Speaker 2: for instance, an airline designer like that wasn't a recognized 407 00:17:23,680 --> 00:17:26,840 Speaker 2: job category until nineteen fifty. I guess when they needed 408 00:17:27,280 --> 00:17:30,159 Speaker 2: not just the engineers making the planes. 409 00:17:30,600 --> 00:17:32,560 Speaker 1: Not just two brothers on a beach in North Carolina. 410 00:17:32,680 --> 00:17:35,080 Speaker 2: Yeah, it makes me think about like our podcasting, is 411 00:17:35,119 --> 00:17:37,040 Speaker 2: that actually still a recognized job category. 412 00:17:37,080 --> 00:17:37,800 Speaker 1: I'm not sure if it does. 413 00:17:38,359 --> 00:17:40,320 Speaker 2: But this is just a reminder that we don't know 414 00:17:40,400 --> 00:17:42,600 Speaker 2: what the jobs of tomorrow are going to be, and 415 00:17:42,640 --> 00:17:44,960 Speaker 2: so we would recommend for folks just to constantly be 416 00:17:45,000 --> 00:17:47,520 Speaker 2: thinking about the kind of work that they're doing and 417 00:17:47,840 --> 00:17:50,560 Speaker 2: how like what you're learning as well. Like we went, 418 00:17:50,600 --> 00:17:53,199 Speaker 2: folks out there to build skills, build a network, and 419 00:17:53,359 --> 00:17:55,000 Speaker 2: I think you will find that you can more easily 420 00:17:55,040 --> 00:17:57,960 Speaker 2: adapt to some of the different job market changes and 421 00:17:58,040 --> 00:17:59,840 Speaker 2: some of the different trends that you might see in 422 00:18:00,040 --> 00:18:03,240 Speaker 2: higher industries going in and out of Yeah, basically you 423 00:18:03,320 --> 00:18:04,879 Speaker 2: got to be like Bruce Lee, didn't he say, like 424 00:18:05,400 --> 00:18:09,520 Speaker 2: be like water or whatever? You want to be adaptable. Yeah, 425 00:18:09,520 --> 00:18:12,040 Speaker 2: you gotta be adapted, Okay, a chameleon of sorts. All Right, 426 00:18:12,080 --> 00:18:14,560 Speaker 2: We've got more to get to on this episode, including 427 00:18:14,920 --> 00:18:17,440 Speaker 2: an Amazon endeavor that's biting the dust. We'll talk about 428 00:18:17,480 --> 00:18:28,240 Speaker 2: that and more right after this. Let's continue with our 429 00:18:28,280 --> 00:18:30,240 Speaker 2: Friday flight Joe. And of course, you know we've got 430 00:18:30,240 --> 00:18:33,760 Speaker 2: our ludicrous headline of the week, and this one is 431 00:18:33,800 --> 00:18:38,840 Speaker 2: from Axios and the headline reads, Varo Banks new line 432 00:18:38,840 --> 00:18:39,600 Speaker 2: of credit. 433 00:18:39,440 --> 00:18:43,080 Speaker 1: Will cost you four hundred dollars. This is so Varo. 434 00:18:43,200 --> 00:18:46,200 Speaker 2: I don't know if folks, they weren't necessarily on our radar. 435 00:18:46,240 --> 00:18:48,040 Speaker 2: They were one of the one of the newer I 436 00:18:48,040 --> 00:18:50,679 Speaker 2: guess Neo Banks. They're at it again. They're shelling out 437 00:18:50,680 --> 00:18:53,400 Speaker 2: a product that looks decent on the surface, but technically 438 00:18:53,560 --> 00:18:55,240 Speaker 2: like once you actually dig in a little bit, it's 439 00:18:55,320 --> 00:18:56,399 Speaker 2: rotten underneath. 440 00:18:56,480 --> 00:18:59,120 Speaker 1: It sounds so good in the marketing material though, Yeah, exactly. 441 00:18:59,160 --> 00:19:01,440 Speaker 2: They're touting that you can borrow up to two thousand 442 00:19:01,480 --> 00:19:04,520 Speaker 2: dollars at any time and just pay an affordable fee 443 00:19:04,760 --> 00:19:06,280 Speaker 2: and zero percent APR. 444 00:19:06,440 --> 00:19:08,600 Speaker 1: All right, it's like a it's like a. 445 00:19:08,520 --> 00:19:10,479 Speaker 2: Backup to your emergency fund, Like I want to always 446 00:19:10,480 --> 00:19:13,480 Speaker 2: have two thousand dollars at my disposal, so whatever I 447 00:19:13,520 --> 00:19:15,600 Speaker 2: want with what a great product, thanks Barah. It's not 448 00:19:15,680 --> 00:19:19,800 Speaker 2: a great product in reality. The quote unquote affordable fee 449 00:19:19,840 --> 00:19:22,840 Speaker 2: to nab that two thousand dollars is a four hundred bucks, 450 00:19:23,200 --> 00:19:26,359 Speaker 2: which doesn't sound affordable in the least a lot of money. 451 00:19:26,640 --> 00:19:28,199 Speaker 2: So you end up paying the fee upfront, and you 452 00:19:28,240 --> 00:19:30,480 Speaker 2: can't pay off the loan early, and so that zero 453 00:19:30,520 --> 00:19:33,199 Speaker 2: percent APR it ends up becoming something more like thirty 454 00:19:33,240 --> 00:19:35,280 Speaker 2: five percent in interest. 455 00:19:35,119 --> 00:19:37,600 Speaker 1: If you treat the feed like an interest trader. Yeah. 456 00:19:37,720 --> 00:19:39,720 Speaker 2: Yeah, And so we wanted to put this out there 457 00:19:39,720 --> 00:19:42,880 Speaker 2: because from what I could tell, it seemed like Barrow 458 00:19:43,280 --> 00:19:45,560 Speaker 2: they've got a pretty sweet app. It's well reviewed. It 459 00:19:45,600 --> 00:19:48,760 Speaker 2: seems like some of their savings offerings are pretty decent, 460 00:19:49,200 --> 00:19:52,040 Speaker 2: but be careful what lending products you choose, because they 461 00:19:52,080 --> 00:19:54,360 Speaker 2: might sound great, but the fine print can get you. 462 00:19:54,800 --> 00:19:56,879 Speaker 2: And yeah, personal loan would be way better than this, 463 00:19:57,040 --> 00:19:59,879 Speaker 2: Like yes, Well, in to their defense, they're like, well, 464 00:19:59,880 --> 00:20:01,879 Speaker 2: we we're trying to create a product out there that 465 00:20:02,040 --> 00:20:05,320 Speaker 2: is clear and transparent and it's upfront and you know 466 00:20:05,320 --> 00:20:09,240 Speaker 2: what else is upfront and pretty straightforward, like payday loans. 467 00:20:09,720 --> 00:20:11,560 Speaker 2: But that doesn't make it a good product. And so 468 00:20:12,200 --> 00:20:14,040 Speaker 2: I don't know if I want to completely bash on Varo, 469 00:20:14,119 --> 00:20:16,000 Speaker 2: because I think they might be they might be offering 470 00:20:16,040 --> 00:20:18,720 Speaker 2: something decent other for folks, but I think they're counting 471 00:20:18,760 --> 00:20:21,000 Speaker 2: on the fact that they might have a decent reputation 472 00:20:21,200 --> 00:20:23,960 Speaker 2: and a well reviewed app to slide in this crappy 473 00:20:24,000 --> 00:20:27,639 Speaker 2: financial product, something that is like borderline predatory and we 474 00:20:27,680 --> 00:20:28,919 Speaker 2: want you to stay away from it. 475 00:20:28,920 --> 00:20:32,040 Speaker 1: And no way I'm ever going to consider something like 476 00:20:32,040 --> 00:20:33,959 Speaker 1: paying four hundred bucks. No mab it tax has two 477 00:20:34,000 --> 00:20:36,120 Speaker 1: thousand dollars in debt, Like that doesn't make any same. 478 00:20:37,000 --> 00:20:40,359 Speaker 1: Another warning. While we're issuing warnings, Matt, let's talk about 479 00:20:40,359 --> 00:20:43,439 Speaker 1: car wrap scams. The FTC, the Federal Trade Commission just 480 00:20:43,520 --> 00:20:47,520 Speaker 1: issued a warning about that this past week, and so, like, basically, 481 00:20:47,640 --> 00:20:49,879 Speaker 1: these car wrap scams are when you get an email 482 00:20:50,000 --> 00:20:53,320 Speaker 1: or a text and they're purporting something that's of course 483 00:20:53,320 --> 00:20:55,760 Speaker 1: too good to be true. Five hundred bucks or more 484 00:20:55,840 --> 00:20:58,320 Speaker 1: each week for wrapping your car with an advertisement. Hey, 485 00:20:58,359 --> 00:21:01,040 Speaker 1: why don't you get paid just to drive? It's pretty sweet. 486 00:21:01,080 --> 00:21:03,600 Speaker 1: You don't have to ferry passengers. It's just the advertisement 487 00:21:03,600 --> 00:21:06,480 Speaker 1: on the outside of your car, which sounds so nice, 488 00:21:06,640 --> 00:21:09,560 Speaker 1: but of course it's not based in reality. The catch 489 00:21:10,119 --> 00:21:13,399 Speaker 1: is when you get sent a check to deposit in 490 00:21:13,480 --> 00:21:15,879 Speaker 1: your account in order to pay the wrap installing. Right, 491 00:21:16,160 --> 00:21:18,720 Speaker 1: so they say, hey, here's this like a fifteen hundred 492 00:21:18,720 --> 00:21:22,119 Speaker 1: dollars check. Now you can go ahead and pay the 493 00:21:22,119 --> 00:21:24,119 Speaker 1: person to put the rap on your car. Well, the 494 00:21:24,119 --> 00:21:27,280 Speaker 1: scam is that you pay the installer your hard earned 495 00:21:27,320 --> 00:21:29,400 Speaker 1: dollars and the check was fake. You find that out 496 00:21:29,480 --> 00:21:32,199 Speaker 1: days later. By then your money is gone and the 497 00:21:32,200 --> 00:21:34,199 Speaker 1: bank has clawed back the money that looked like it 498 00:21:34,240 --> 00:21:37,520 Speaker 1: was deposited in your account. And so if anyone says 499 00:21:37,520 --> 00:21:39,760 Speaker 1: you need to fork over money to make money, that's 500 00:21:39,800 --> 00:21:42,000 Speaker 1: always a red flag. Ye, hey great, yeah, we'll give 501 00:21:42,040 --> 00:21:44,640 Speaker 1: you this job, but you have to buy your own supplies. 502 00:21:44,760 --> 00:21:46,720 Speaker 1: We'll send you a check to cover it. Those checks 503 00:21:46,720 --> 00:21:49,400 Speaker 1: are usually fake. And the truth is these car rapp 504 00:21:49,400 --> 00:21:52,080 Speaker 1: scams have been happening for many, many years, but real 505 00:21:52,119 --> 00:21:55,320 Speaker 1: car wrap companies do exist. I've actually done it. Yeah, 506 00:21:55,359 --> 00:21:57,639 Speaker 1: you've got personal expense. I had the Salesforce wrap on 507 00:21:57,640 --> 00:22:00,240 Speaker 1: my nieces on leaf. It was awesome. Rap Ify the 508 00:22:00,240 --> 00:22:02,960 Speaker 1: only one I know of that legit. I believe carver 509 00:22:03,040 --> 00:22:06,040 Speaker 1: Tize is another one that some people have said is 510 00:22:06,280 --> 00:22:09,399 Speaker 1: a good one. But I also made a few hundred 511 00:22:09,400 --> 00:22:11,280 Speaker 1: bucks in a month, not five hundred bucks a week now, 512 00:22:11,320 --> 00:22:13,560 Speaker 1: So these people are saying thousands of dollars a month, 513 00:22:13,760 --> 00:22:16,159 Speaker 1: I'm saying hundreds of dollars a month, and there's a 514 00:22:16,160 --> 00:22:18,480 Speaker 1: big difference there. You might get paid some money to 515 00:22:18,520 --> 00:22:20,280 Speaker 1: wrap your car and drive around, but you've got to 516 00:22:20,280 --> 00:22:21,920 Speaker 1: meet a bunch of different requirements. There has to be 517 00:22:21,960 --> 00:22:23,680 Speaker 1: a campaign in your city, and you've got to go 518 00:22:23,720 --> 00:22:25,760 Speaker 1: through one of these legitimate companies. When the majority of 519 00:22:25,760 --> 00:22:28,520 Speaker 1: the companies in this space are fake, they're scamsters, that's right. 520 00:22:28,600 --> 00:22:30,639 Speaker 2: Yeah, if it's too good to be true, it probably is. 521 00:22:30,760 --> 00:22:33,600 Speaker 2: Joel's talk about consumer appliances, because we've talked on the 522 00:22:33,640 --> 00:22:37,160 Speaker 2: show about how annoying planned obsolescence can be. We talked 523 00:22:37,200 --> 00:22:40,119 Speaker 2: about this back in episode two sixty six actually, and 524 00:22:40,440 --> 00:22:43,320 Speaker 2: how it is that you can avoid planned obsolescence as 525 00:22:43,400 --> 00:22:46,359 Speaker 2: much as possible. Well, the Journal they recently published a 526 00:22:46,359 --> 00:22:50,680 Speaker 2: story about the premature death of home appliances. They highlighted 527 00:22:50,920 --> 00:22:53,840 Speaker 2: specific this is pretty crazy that yelp they have reported 528 00:22:53,880 --> 00:22:57,520 Speaker 2: that appliance repair calls that they're up fifty eight percent 529 00:22:57,800 --> 00:23:00,879 Speaker 2: year over year, Wow, which is it's like a startling 530 00:23:00,960 --> 00:23:03,240 Speaker 2: number in my mind. And a lot of that is 531 00:23:03,240 --> 00:23:06,720 Speaker 2: because similar to new cars, there's more complexity involved with 532 00:23:06,760 --> 00:23:09,800 Speaker 2: home appliances. There are more moving parts and that means 533 00:23:09,840 --> 00:23:13,720 Speaker 2: a higher likelihood of repair needs. So just be careful 534 00:23:13,720 --> 00:23:15,600 Speaker 2: out there which model you end up going with. I 535 00:23:15,640 --> 00:23:17,800 Speaker 2: think the best device we can offer is to keep 536 00:23:17,840 --> 00:23:22,480 Speaker 2: your old appliances around longer maintaining your stuff. Maintenance is 537 00:23:22,640 --> 00:23:25,320 Speaker 2: way underrated, but that lack of complexity of older models, 538 00:23:25,359 --> 00:23:27,399 Speaker 2: oftentimes it works to your advantage. 539 00:23:27,600 --> 00:23:29,600 Speaker 1: Less computerized, fewer screens. 540 00:23:29,720 --> 00:23:32,320 Speaker 2: And of course read reviews on a sitel like Consumer 541 00:23:32,359 --> 00:23:35,159 Speaker 2: Reports to find which makes and which models have the 542 00:23:35,160 --> 00:23:38,480 Speaker 2: best predicted reliability. As we haven't even touched on this, 543 00:23:38,520 --> 00:23:41,440 Speaker 2: but the inflation numbers came back. Was it yesterday a 544 00:23:41,480 --> 00:23:43,840 Speaker 2: couple days ago? Higher than expected? And I also wondered 545 00:23:43,880 --> 00:23:47,040 Speaker 2: too how much folks are thinking, Oh, shoot, I can't 546 00:23:47,080 --> 00:23:49,520 Speaker 2: afford a new one. We just get this one fixed. 547 00:23:49,600 --> 00:23:52,760 Speaker 2: It almost feels like a canary in the coal mine 548 00:23:52,800 --> 00:23:55,520 Speaker 2: a little bit, you know, almost like a leading indicator, 549 00:23:55,560 --> 00:23:58,000 Speaker 2: because when you have something broken at home, if you're 550 00:23:58,080 --> 00:23:59,760 Speaker 2: flushed with cash, what are you going to do? Ah, 551 00:24:00,000 --> 00:24:01,240 Speaker 2: I'm not going to go through the hassle of getting 552 00:24:01,240 --> 00:24:04,000 Speaker 2: that thing repaired. But as more folks are feeling their 553 00:24:04,040 --> 00:24:07,359 Speaker 2: expenses creep up over time, it's like, well, shoot, normally 554 00:24:07,359 --> 00:24:10,280 Speaker 2: I would have just tossed that coffee grinder, but in fact, no, 555 00:24:10,560 --> 00:24:12,120 Speaker 2: I need to get this thing repaired, fix it because 556 00:24:12,119 --> 00:24:15,159 Speaker 2: it costs less typically. Yeah, but one other. 557 00:24:15,040 --> 00:24:16,720 Speaker 1: Thing, Matt, just randomly, I don't know why I thought 558 00:24:16,760 --> 00:24:19,080 Speaker 1: of this, but front loading washers. I feel like those 559 00:24:19,119 --> 00:24:22,520 Speaker 1: in particular are bound to have more problems, Like it's 560 00:24:22,560 --> 00:24:25,120 Speaker 1: like a step backwards in the technology as opposed to oh, 561 00:24:25,560 --> 00:24:27,720 Speaker 1: like do they make cups that open from the side right? 562 00:24:28,720 --> 00:24:31,280 Speaker 1: It's just it's inherently a It seems like important we 563 00:24:31,320 --> 00:24:32,600 Speaker 1: have one at our house because they were there when 564 00:24:32,600 --> 00:24:34,560 Speaker 1: we bought it. But it's it's not ideal. I don't 565 00:24:34,560 --> 00:24:36,040 Speaker 1: think you don't like it. I mean, well, I just 566 00:24:36,280 --> 00:24:38,280 Speaker 1: they're not going to last as long typically from everything 567 00:24:38,320 --> 00:24:41,360 Speaker 1: I've read and seen and experienced. And so it's those 568 00:24:41,440 --> 00:24:43,199 Speaker 1: kind of thing making those decisions on the front end 569 00:24:43,240 --> 00:24:46,840 Speaker 1: when you're buying something, Buying the cheapest thing isn't probably 570 00:24:46,920 --> 00:24:49,359 Speaker 1: the best move. You want to buy the thing that like, 571 00:24:49,400 --> 00:24:52,760 Speaker 1: for instance, with dishwashers, Bosh dishwashers for some reason take 572 00:24:52,840 --> 00:24:55,600 Speaker 1: like the top five slots on consumer ports reviews. So 573 00:24:55,800 --> 00:24:57,919 Speaker 1: German engineering maybe. Yeah, So it's like, okay, cool, I 574 00:24:57,920 --> 00:25:00,399 Speaker 1: guess that's the only dishwasher I'm considering now, even if 575 00:25:00,400 --> 00:25:02,879 Speaker 1: it means spending a couple hundred bucks more than one 576 00:25:02,920 --> 00:25:06,000 Speaker 1: of the cheaper counterparts, yep, because yeah, guess what, You're 577 00:25:06,320 --> 00:25:08,639 Speaker 1: going to get more life out of the machine and 578 00:25:08,680 --> 00:25:12,000 Speaker 1: potentially pay less overall from a per use standpoint. All right, 579 00:25:12,080 --> 00:25:15,680 Speaker 1: let's talk about a failed Amazon experiment, a promised way 580 00:25:15,680 --> 00:25:18,640 Speaker 1: of shopping just bit the dust. Amazon is doing away 581 00:25:18,680 --> 00:25:22,199 Speaker 1: with their cashierless stores, which means no picking up your 582 00:25:22,240 --> 00:25:24,520 Speaker 1: groceries and just walking out anymore. And granted it's not 583 00:25:24,560 --> 00:25:26,720 Speaker 1: like these were a diamond dozen. But I was like 584 00:25:26,760 --> 00:25:28,760 Speaker 1: curious to see this experiment. I was kind of hoping 585 00:25:28,760 --> 00:25:31,679 Speaker 1: that this technology would take off and would change all 586 00:25:31,680 --> 00:25:34,400 Speaker 1: our lives and make shopping easier. Because nobody likes self 587 00:25:34,480 --> 00:25:38,320 Speaker 1: checkout the company. I don't mind it. It's not the 588 00:25:38,320 --> 00:25:41,000 Speaker 1: worst thing, that's all right. The company said, though Matt, 589 00:25:41,040 --> 00:25:45,000 Speaker 1: that technology was driven entirely by computer vision. But what 590 00:25:45,080 --> 00:25:47,840 Speaker 1: I found interesting was a significant portion of what they 591 00:25:47,920 --> 00:25:51,760 Speaker 1: call just walk out sales required manual reviews by a 592 00:25:51,800 --> 00:25:54,840 Speaker 1: team in India. This was a team, not just a 593 00:25:54,840 --> 00:25:58,639 Speaker 1: few people, a thousand folks watching video to determine how 594 00:25:58,720 --> 00:26:02,159 Speaker 1: much to charge customers on a huge chunk of their orders. 595 00:26:02,359 --> 00:26:06,320 Speaker 1: So like this primetime technology was essentially less expensive humans 596 00:26:06,359 --> 00:26:09,879 Speaker 1: across the globe watching video of people doing their shopping, 597 00:26:09,880 --> 00:26:12,920 Speaker 1: which is crazy. Smart stores and shopping carts are still 598 00:26:12,920 --> 00:26:15,840 Speaker 1: being tested, of course, and they just might make shopping 599 00:26:15,840 --> 00:26:18,720 Speaker 1: more convenient in the future. But this technology, at least 600 00:26:18,800 --> 00:26:21,040 Speaker 1: right now, wasn't ready for the primetime. And if Amazon 601 00:26:21,080 --> 00:26:22,160 Speaker 1: can't do it, who can. 602 00:26:22,200 --> 00:26:24,159 Speaker 2: I don't understand how this is just not considered a 603 00:26:24,320 --> 00:26:28,240 Speaker 2: complete scam. It literally makes me think of fairness. Elizabeth 604 00:26:28,240 --> 00:26:30,439 Speaker 2: Holmes where she's like, oh, you got this thing, this 605 00:26:30,520 --> 00:26:32,760 Speaker 2: magic box, and it does this thing. Well, actually it 606 00:26:32,760 --> 00:26:34,720 Speaker 2: turns out it doesn't, and you're just making up the results. 607 00:26:34,800 --> 00:26:37,000 Speaker 2: That's essentially what they're with. What they're doing. It makes 608 00:26:37,000 --> 00:26:38,440 Speaker 2: me think of like The Wizard of Oz, where it's 609 00:26:38,440 --> 00:26:40,639 Speaker 2: just like, oh, the Great Oz, but really it's like 610 00:26:40,680 --> 00:26:43,280 Speaker 2: this dude pulling all these levers and it's not magic 611 00:26:43,400 --> 00:26:47,520 Speaker 2: at all. There's no like special proprietary technology, special effects. Yeah, 612 00:26:47,520 --> 00:26:50,359 Speaker 2: it's ridiculous. By the way, we're talking about shopping. But 613 00:26:50,400 --> 00:26:52,080 Speaker 2: shout out to all the peeps on the West coast 614 00:26:52,320 --> 00:26:55,639 Speaker 2: because ninety nine cent only stores they announced that they 615 00:26:55,680 --> 00:26:59,080 Speaker 2: were going away. I think the liquidation sales started late 616 00:26:59,160 --> 00:26:59,520 Speaker 2: last week. 617 00:26:59,560 --> 00:27:01,400 Speaker 1: If we drank beer on the Friday flights, I had pouring. 618 00:27:01,240 --> 00:27:03,880 Speaker 2: Out, poring out for ninety nine cents only. But there 619 00:27:03,960 --> 00:27:06,600 Speaker 2: is an investor who is talking about maybe buying the chain, 620 00:27:06,680 --> 00:27:10,399 Speaker 2: keeping it alive. They've got a cult following evidently out west. 621 00:27:10,720 --> 00:27:12,760 Speaker 2: This is all new to me because I've never been 622 00:27:12,920 --> 00:27:14,879 Speaker 2: into a ninety nine cent only store. 623 00:27:14,920 --> 00:27:18,479 Speaker 1: But I love friend Joel who works with us on 624 00:27:18,600 --> 00:27:20,919 Speaker 1: howamoney dot com. He reached out to me right when 625 00:27:20,960 --> 00:27:23,399 Speaker 1: this news broke a tear faced emoji. He's like, this 626 00:27:23,480 --> 00:27:25,720 Speaker 1: is my go to place for so many groceries. This 627 00:27:25,800 --> 00:27:27,720 Speaker 1: is I'm gonna have to up my grocery budget. Yeah. 628 00:27:27,760 --> 00:27:31,800 Speaker 2: Well, between Aldi and Letal, maybe they've got it figured out, 629 00:27:31,840 --> 00:27:34,720 Speaker 2: but h I don't know. The more competition typically the better. Yeah, 630 00:27:34,760 --> 00:27:37,959 Speaker 2: and we're sad to see another low cost provider, low 631 00:27:38,040 --> 00:27:39,119 Speaker 2: cost retailer. 632 00:27:38,760 --> 00:27:41,480 Speaker 1: Like that bite the dust. Yeah exactly, And you're spot on, like, 633 00:27:41,560 --> 00:27:44,800 Speaker 1: it's not just that this store, which prioritized low costs, 634 00:27:44,840 --> 00:27:47,280 Speaker 1: is going out of business, it's that it reduces the 635 00:27:47,320 --> 00:27:49,800 Speaker 1: competition in the space, meaning other retailers can raise their 636 00:27:49,840 --> 00:27:52,120 Speaker 1: prices more than they otherwise were able to. When ninety 637 00:27:52,200 --> 00:27:53,439 Speaker 1: nine cents Only was still in business. 638 00:27:53,480 --> 00:27:56,080 Speaker 2: It my favorite retailer name out your mouth, drovel. Well, 639 00:27:56,560 --> 00:27:58,720 Speaker 2: what you're saying that all he's gonna raise their price? 640 00:27:58,760 --> 00:28:01,360 Speaker 1: No, no, no, no, I'm just saying, like, even if there's 641 00:28:01,400 --> 00:28:03,880 Speaker 1: no all the neighborhood, all the other grocery stores they had, 642 00:28:03,920 --> 00:28:06,240 Speaker 1: they were freaked out by ninety en cents only because 643 00:28:06,400 --> 00:28:09,440 Speaker 1: it kept prices at Bay totally in their source too, 644 00:28:09,520 --> 00:28:11,560 Speaker 1: and they weren't able to reap those high profits as 645 00:28:11,560 --> 00:28:13,119 Speaker 1: they would like to. And now they might be able to, 646 00:28:13,160 --> 00:28:16,160 Speaker 1: but maybe not. Maybe this investor will keep nine nine 647 00:28:16,160 --> 00:28:18,320 Speaker 1: cents only alive. We're hoping. By the way, so we're 648 00:28:18,320 --> 00:28:21,680 Speaker 1: talking about groceries, how many times have you thrown something 649 00:28:21,720 --> 00:28:24,480 Speaker 1: out because of the date listed on that food? I've 650 00:28:24,560 --> 00:28:27,239 Speaker 1: never never no waste of food over here. Man, look 651 00:28:27,280 --> 00:28:30,080 Speaker 1: at you. You are very good about food waste, I 652 00:28:30,080 --> 00:28:32,439 Speaker 1: will say better than I am. But my guess is 653 00:28:32,440 --> 00:28:34,199 Speaker 1: for most people mat the answers a lot. Like they 654 00:28:34,280 --> 00:28:36,680 Speaker 1: saw they saw the date on the on the packaging, 655 00:28:36,680 --> 00:28:38,680 Speaker 1: and they said it's not good anymore. They didn't even 656 00:28:38,720 --> 00:28:39,680 Speaker 1: smell it, they tossed it. 657 00:28:39,680 --> 00:28:42,120 Speaker 2: It's like it's over a third, noill of all groceries 658 00:28:42,160 --> 00:28:44,920 Speaker 2: that that goes to waste from not being used because 659 00:28:44,920 --> 00:28:45,360 Speaker 2: it goes bad. 660 00:28:45,400 --> 00:28:45,880 Speaker 1: Isn't that crazy. 661 00:28:45,920 --> 00:28:47,800 Speaker 2: It's like I think it's literally right at forty percent. 662 00:28:47,880 --> 00:28:50,400 Speaker 2: So it is literally the number one cost in your 663 00:28:50,400 --> 00:28:54,000 Speaker 2: grocery budget. Is you literally not eating the food because 664 00:28:54,040 --> 00:28:55,160 Speaker 2: it's set around for too well. 665 00:28:55,240 --> 00:28:57,560 Speaker 1: And sometimes it's just because we went off to eat instead. 666 00:28:57,640 --> 00:28:59,440 Speaker 1: And think about what that's doing to your grocery budget. 667 00:28:59,480 --> 00:29:02,080 Speaker 1: So it's a massive problem. I think part of the 668 00:29:02,120 --> 00:29:04,840 Speaker 1: problem is dates can be confusing the dates on the packaging. 669 00:29:05,120 --> 00:29:07,680 Speaker 1: But there's a new bill trying to provide some clarity. 670 00:29:07,880 --> 00:29:10,280 Speaker 1: It hopes that we can all waste less food because 671 00:29:10,280 --> 00:29:13,320 Speaker 1: there's essentially been zero regulation of the best buy labels 672 00:29:13,800 --> 00:29:16,440 Speaker 1: some stores. We're trying to do something like Kroger to 673 00:29:16,600 --> 00:29:20,840 Speaker 1: incentivize the producers to create a better system, but that 674 00:29:20,920 --> 00:29:23,040 Speaker 1: ended up kind of falling on its face. And this 675 00:29:23,200 --> 00:29:25,160 Speaker 1: is the solution that they're proposing, is to have two 676 00:29:25,240 --> 00:29:28,040 Speaker 1: dates on the packaging, a best if used by and 677 00:29:28,120 --> 00:29:30,400 Speaker 1: a used by date. Right, so it would help us 678 00:29:30,440 --> 00:29:34,080 Speaker 1: know the optimal freshness of eating or drinking something and 679 00:29:34,120 --> 00:29:36,880 Speaker 1: then knowing when the item is truly not consumable any longer. 680 00:29:37,240 --> 00:29:39,880 Speaker 1: I kind of like this, I like, why not have 681 00:29:39,880 --> 00:29:42,240 Speaker 1: two dates? Why not have just better information on the 682 00:29:42,280 --> 00:29:44,280 Speaker 1: packaging for people? Because we have the one date, and 683 00:29:44,320 --> 00:29:45,840 Speaker 1: even if it's a lot of times it is a 684 00:29:45,880 --> 00:29:48,360 Speaker 1: best buy, it doesn't mean that it's trashed, but people 685 00:29:48,360 --> 00:29:50,200 Speaker 1: trash it anyway, and I think that does result in 686 00:29:50,280 --> 00:29:51,640 Speaker 1: more food waste than we'd otherwise have. 687 00:29:51,800 --> 00:29:53,239 Speaker 2: Yeah, I bet you know how I feel about this. 688 00:29:53,840 --> 00:29:55,320 Speaker 2: You probably don't like it. Yeah, I don't like it 689 00:29:55,960 --> 00:29:58,400 Speaker 2: because there's a judgment call involved, because who is the 690 00:29:58,400 --> 00:30:01,320 Speaker 2: one that gets to decide if, like, if this is 691 00:30:01,320 --> 00:30:04,280 Speaker 2: actually suboptimal. You know that it's the best used by 692 00:30:04,360 --> 00:30:06,040 Speaker 2: But I'm the one who decides whether or not I 693 00:30:06,040 --> 00:30:06,920 Speaker 2: get botulism or not. 694 00:30:06,960 --> 00:30:09,120 Speaker 1: You know, it's up to a company. 695 00:30:09,160 --> 00:30:12,600 Speaker 2: But I'm afraid that something like this could potentially lead 696 00:30:12,640 --> 00:30:14,640 Speaker 2: to more food waste because someone just looks at the 697 00:30:14,720 --> 00:30:16,720 Speaker 2: date and they don't give it the sniff test. They're 698 00:30:16,760 --> 00:30:19,400 Speaker 2: not like because folks, when you put label you know, 699 00:30:19,400 --> 00:30:21,920 Speaker 2: put dates on labels, there's liability there because you are 700 00:30:21,920 --> 00:30:25,320 Speaker 2: now saying that beyond that date, the food is no 701 00:30:25,360 --> 00:30:29,240 Speaker 2: longer good. And so I think, uh, manufacturers, food prepares, 702 00:30:29,280 --> 00:30:31,160 Speaker 2: whoever they're going to air on the side of being 703 00:30:31,160 --> 00:30:32,040 Speaker 2: safer than sorry. 704 00:30:32,120 --> 00:30:33,120 Speaker 1: Yeah, and that makes sense. 705 00:30:33,160 --> 00:30:35,320 Speaker 2: That's the part that where I'm just like, just give 706 00:30:35,360 --> 00:30:36,920 Speaker 2: it the old sniff test, you know, like you know, 707 00:30:36,920 --> 00:30:39,360 Speaker 2: whether it's leftovers, whether it's something you haven't opened yet 708 00:30:39,680 --> 00:30:41,960 Speaker 2: the can, if the can is bulging and you're pantry, Yeah, 709 00:30:42,000 --> 00:30:42,520 Speaker 2: you might want to. 710 00:30:43,160 --> 00:30:44,600 Speaker 1: You might want to. Can I tell you what the 711 00:30:44,600 --> 00:30:47,760 Speaker 1: best solution is eating chickens. We just got backyard chickens, 712 00:30:47,760 --> 00:30:49,400 Speaker 1: that's right. We haven't talked about that they haven't. So 713 00:30:49,440 --> 00:30:54,280 Speaker 1: that happened just literally last week break, and we have 714 00:30:54,760 --> 00:30:57,440 Speaker 1: a nice little brood of chickens in our back card gaggle, 715 00:30:57,560 --> 00:31:00,360 Speaker 1: and it has made me feel so much better about 716 00:31:00,440 --> 00:31:02,640 Speaker 1: us not eating every single thing that goes into our 717 00:31:02,680 --> 00:31:06,520 Speaker 1: fridge because those things somehow magical, it gets transformed into act. 718 00:31:06,760 --> 00:31:10,160 Speaker 1: That's right, that's right. It's so awesome. So it's been 719 00:31:10,200 --> 00:31:13,520 Speaker 1: so fun to scrape plates, scrape the food off our 720 00:31:13,520 --> 00:31:15,640 Speaker 1: plates at the end of dinner into this like one 721 00:31:15,680 --> 00:31:17,360 Speaker 1: little bucket that we're going to feed the chickens with. 722 00:31:17,600 --> 00:31:19,960 Speaker 1: And so yeah, if you're like, find yourself wasting too 723 00:31:20,000 --> 00:31:22,040 Speaker 1: much food, get some chickens, You get some eggs. You'll 724 00:31:22,080 --> 00:31:24,720 Speaker 1: get and who doesn't like eggs? Some fun pets, they 725 00:31:24,720 --> 00:31:27,800 Speaker 1: are pets, and then you also get to wasteless food. 726 00:31:27,800 --> 00:31:32,360 Speaker 2: Okay, we're talking about labels on food potentially used by 727 00:31:32,440 --> 00:31:35,640 Speaker 2: date and of course there are nutrition labels on the 728 00:31:35,680 --> 00:31:38,280 Speaker 2: food that we buy, but what about the equivalent for 729 00:31:38,720 --> 00:31:42,040 Speaker 2: the internet. Well, the SEC they are making it mandatory 730 00:31:42,120 --> 00:31:45,760 Speaker 2: for providers to outline prices and fees in a similar 731 00:31:45,840 --> 00:31:49,280 Speaker 2: style layout. It's got the I mean literally, it looks 732 00:31:49,280 --> 00:31:52,680 Speaker 2: like like a nutrition label, except that it's Internet information. 733 00:31:52,920 --> 00:31:55,920 Speaker 2: It's like telling you which which fees are the rates, 734 00:31:55,920 --> 00:31:58,800 Speaker 2: the fees some promotional period renting in the modem, that 735 00:31:58,840 --> 00:32:01,400 Speaker 2: kind of stuff. Yes, yeah, I think this should make 736 00:32:01,480 --> 00:32:04,400 Speaker 2: comparison shopping a bit easier for folks. And this I 737 00:32:04,440 --> 00:32:07,240 Speaker 2: can actually, I actually can get behind because there's no again, 738 00:32:07,280 --> 00:32:12,080 Speaker 2: there's no sort of judgment call. There's no qualitative decision 739 00:32:12,120 --> 00:32:14,120 Speaker 2: making it right. Like it's it's hard to lie. 740 00:32:13,960 --> 00:32:14,520 Speaker 1: When it comes to them. 741 00:32:14,600 --> 00:32:16,240 Speaker 2: Well, you can lie when it comes to number, but 742 00:32:16,280 --> 00:32:18,680 Speaker 2: when you are when you are looking at like hard 743 00:32:18,880 --> 00:32:21,000 Speaker 2: numbers like fees or data caps, things like that. 744 00:32:21,120 --> 00:32:22,560 Speaker 1: This is just going to make it a whole lot 745 00:32:22,600 --> 00:32:25,120 Speaker 1: easier to compare things. This is all about transparency in 746 00:32:25,360 --> 00:32:28,080 Speaker 1: a part of the economy where there's not a whole 747 00:32:28,080 --> 00:32:30,680 Speaker 1: lot of transparency. What is the promotion? How long does 748 00:32:30,720 --> 00:32:32,760 Speaker 1: it last? Am I paying for to rent this mode? 749 00:32:32,880 --> 00:32:35,360 Speaker 1: Or am I not? It's hard sometimes for consumers to 750 00:32:35,400 --> 00:32:38,000 Speaker 1: compare apples to apples when it comes to internet pricing. 751 00:32:38,040 --> 00:32:39,360 Speaker 1: So I do think this is going to be good. 752 00:32:39,400 --> 00:32:41,560 Speaker 1: You're gonna be staring at the exact same thing on 753 00:32:41,680 --> 00:32:45,640 Speaker 1: two different websites or on promotional materials in the store. Yeah, 754 00:32:45,680 --> 00:32:48,360 Speaker 1: I think anything that increases transparency and your ability to 755 00:32:48,360 --> 00:32:49,320 Speaker 1: shop effectively is good. 756 00:32:49,400 --> 00:32:51,040 Speaker 2: Yeah, totally. And I think the other part too that 757 00:32:51,080 --> 00:32:52,640 Speaker 2: like that makes us good is that they're not mandating. 758 00:32:52,640 --> 00:32:54,840 Speaker 2: It's not like they're mandating a certain speed, which would 759 00:32:54,880 --> 00:32:57,240 Speaker 2: then mean the entire industry has to raise prices or 760 00:32:57,280 --> 00:32:59,200 Speaker 2: something like that. They're just saying, Hey, no, this is 761 00:32:59,200 --> 00:33:01,200 Speaker 2: the information we want you to provide in this format. 762 00:33:01,680 --> 00:33:05,120 Speaker 2: I can get behind that delivery of information. 763 00:33:05,200 --> 00:33:07,280 Speaker 1: Don't forget, by the way, like Michael talked about on 764 00:33:07,320 --> 00:33:09,840 Speaker 1: Wednesday's episode, to at least consider some of those five 765 00:33:09,920 --> 00:33:13,240 Speaker 1: G providers because they provide fairly fast home Internet's really 766 00:33:13,280 --> 00:33:15,600 Speaker 1: easy to set up, and it just might be cheaper 767 00:33:15,640 --> 00:33:16,560 Speaker 1: than your other offense. 768 00:33:16,680 --> 00:33:18,800 Speaker 2: Yeah, leave no rock unturned as you are trying to 769 00:33:18,840 --> 00:33:22,160 Speaker 2: cut down on your monthly expenses. A quick newsletter referral 770 00:33:22,160 --> 00:33:24,560 Speaker 2: shout out to a bunch of folks who shared the 771 00:33:24,640 --> 00:33:27,040 Speaker 2: how to Money newsletter, which comes out every Tuesday morning 772 00:33:27,080 --> 00:33:31,440 Speaker 2: with all the best money earning, saving and investing information 773 00:33:31,520 --> 00:33:33,360 Speaker 2: out there. But shout outs to Katie. 774 00:33:33,160 --> 00:33:34,920 Speaker 1: M I'm gonna call this. 775 00:33:34,800 --> 00:33:39,120 Speaker 2: Guy, Homie King, s Lamore, and Jim up in New 776 00:33:39,200 --> 00:33:42,280 Speaker 2: York City. Thank you all for referring to the newsletter 777 00:33:42,360 --> 00:33:43,480 Speaker 2: to some friends of yours. 778 00:33:43,520 --> 00:33:45,720 Speaker 1: Yeah, and so if you currently subscribe, well, refer the 779 00:33:45,800 --> 00:33:47,840 Speaker 1: newsletter to friends, you'll get a shout out and other 780 00:33:48,240 --> 00:33:51,560 Speaker 1: awesome the opportunity to arn other awesome potential things. 781 00:33:51,400 --> 00:33:53,200 Speaker 2: Like a beer on us which I was thinking about 782 00:33:53,240 --> 00:33:55,320 Speaker 2: this with inflation, I feel like we ought to increase 783 00:33:55,320 --> 00:33:59,400 Speaker 2: the price of true because beer literally costs more. So 784 00:33:59,680 --> 00:34:01,240 Speaker 2: maybe when we have it at six bucks now, we'll 785 00:34:01,560 --> 00:34:04,000 Speaker 2: reize eight. What if we do that plus like an 786 00:34:04,040 --> 00:34:06,400 Speaker 2: extra buck for tip? There you go, because right, like, 787 00:34:06,760 --> 00:34:08,440 Speaker 2: typically if you're gonna go out and you're gonna buy 788 00:34:08,480 --> 00:34:10,560 Speaker 2: a beer for somebody, it's like you're paying for There 789 00:34:10,560 --> 00:34:11,880 Speaker 2: you go with the bartender as well. 790 00:34:11,719 --> 00:34:13,439 Speaker 1: We're gonna make Did we just up it to nine bucks? 791 00:34:13,440 --> 00:34:15,759 Speaker 1: I think we did, Okay, I'm totally fine with that. 792 00:34:15,800 --> 00:34:17,960 Speaker 1: All right, So if you refer more of your friends 793 00:34:18,000 --> 00:34:20,279 Speaker 1: and family to the newsletter, you'll get paid more when 794 00:34:20,320 --> 00:34:23,600 Speaker 1: we send you beer money the true cost of a beer, 795 00:34:23,680 --> 00:34:27,960 Speaker 1: all right, not just the Aldi beer in a six pack, which, 796 00:34:28,040 --> 00:34:29,799 Speaker 1: let's be honest, if you like beer, the Aldie beer, 797 00:34:29,880 --> 00:34:32,360 Speaker 1: the Carklan signature beer, it just doesn't cut it. So 798 00:34:32,440 --> 00:34:34,000 Speaker 1: all right, that's going to do it. For this episode, 799 00:34:34,120 --> 00:34:36,200 Speaker 1: we'll put links to some of the articles we mentioned 800 00:34:36,560 --> 00:34:38,640 Speaker 1: up in the show notes on our website at how 801 00:34:38,680 --> 00:34:39,480 Speaker 1: to money dot com. 802 00:34:39,480 --> 00:34:41,839 Speaker 2: That's right, buddy, So until next time, best friends out, 803 00:34:41,880 --> 00:34:43,560 Speaker 2: best friends out. 804 00:34:55,680 --> 00:34:58,040 Speaker 1: Their layers. Only right, these are broilers. That's right. 805 00:34:58,080 --> 00:35:02,520 Speaker 2: You're gonna end up eating the chicken. No, No, too 806 00:35:02,600 --> 00:35:04,919 Speaker 2: much of an attachment to UH to force the kids 807 00:35:04,920 --> 00:35:05,200 Speaker 2: through that. 808 00:35:05,239 --> 00:35:07,000 Speaker 1: My ten year old would weep. M