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

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Speaker 1: Matt and today we're discussing when frugality doesn't cut it.

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Speaker 1: Schedule this episode, we're talking about frugality, you know, frugality.

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Speaker 1: That's that's a word that we use often. We we

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Speaker 1: we use it when we talk about being frugal or cheap,

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Speaker 1: but frugality, it's a mainstay of personal finances. It's something

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Speaker 1: that we come back to often. But like we're gonna

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Speaker 1: talk about this episode, is not always something that we

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Speaker 1: can count on to make some big changes in our life. Yes,

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Speaker 1: sometimes there are other levers that we need to pull

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Speaker 1: right in fru gality, we just can't cut back anymore.

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Speaker 1: And so that's kind of what this episode is about.

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Speaker 1: If you find yourself having gone into uh personal finance,

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Speaker 1: diving deep and you're realize, you know what, I've made

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Speaker 1: a lot of frugal moves, but I gotta do more

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Speaker 1: in order to get my finances kind of where I

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Speaker 1: want them to be. Well, that's what this episode is

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Speaker 1: going to get into exactly. Matt. Before we get into that,

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Speaker 1: let's do a frugal or cheap And this is a

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Speaker 1: frugal or cheap or just playing funny or ridiculous. So

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Speaker 1: I saw this article. There's this guy follow on Twitter

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Speaker 1: and he called this article flushing money down the toilet,

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Speaker 1: And it's literally a little heads up of what this

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Speaker 1: article is actually gonna be about. So he literally goes

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Speaker 1: through all of the things that cost money, about going

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Speaker 1: to the bathroom at home, and why you should take

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Speaker 1: your number two's at work instead of doing it at

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Speaker 1: the house. Yeah, specifically number two is. It's it's not

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Speaker 1: about the number one is because with number two's there's

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Speaker 1: all these other expenses. You've gotta account for the candle,

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Speaker 1: toilet paper, you know, maybe an extra flush, because you

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Speaker 1: can't use the economy flush, right, like you go with

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Speaker 1: the full flesh, not the half flesh. Just potentially that

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Speaker 1: plumber call once a year that you're gonna have to

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Speaker 1: make in case, you know, it gets a little unwieldly. Well,

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Speaker 1: what I love about that article, and we'll post this

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Speaker 1: up in our show notes, but I love that he

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Speaker 1: dove so deep and so hardcore into the numbers. Uh,

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Speaker 1: there's even a calculator so you can assess your own

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Speaker 1: personal situation, your own usage. Yeah, So since we're talking

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Speaker 1: about frue gality, I just thought that was funny because

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Speaker 1: a super frugal person would probably potentially think about something

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Speaker 1: like that. And I'm not gonna say it's something I've

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Speaker 1: never thought about before. I just never have dug into

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Speaker 1: this amount of detail. Yeah, if it's something that you

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Speaker 1: can kind of keep in the back of your mind

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Speaker 1: and that can slightly modify your behavior, I'm like, all right,

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Speaker 1: well then it's just a little more natural. But it

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Speaker 1: feels cheap if you're going way out of your way

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Speaker 1: in order to make number two happen while you're at work. Well,

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Speaker 1: we'll say, for me working from home, this isn't something

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Speaker 1: I personally can can do, right, Like, my office is

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Speaker 1: my home, So for us, that's an expense we realize ourselves,

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Speaker 1: except home office deduction. Oh that's good point. Yeah, there's

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Speaker 1: a percentage because I use a room in our house,

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Speaker 1: so you get to write off some of your utilities.

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Speaker 1: It's a well a percentage of the size of your

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Speaker 1: home and then utilities as well, so boom, I can

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Speaker 1: go whenever I want. I think one of my favorite

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Speaker 1: parts about the post, besides the calculator, is that he

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Speaker 1: calls it. You know, we talked about opportunity costs. When

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Speaker 1: we talk about money, he calls it the poopportunity cost. So, yeah,

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Speaker 1: it was clever. If anybody wants to mess around with

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Speaker 1: that calculator and your poop jokes to Joel, yeah, feel

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Speaker 1: free to tweet your best poop jokes at us. I

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Speaker 1: didn't totally understand the part that he's talking about the

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Speaker 1: opportunity cost. Is he saying that while you're at work

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Speaker 1: you're missing out on you know, what he's saying is

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Speaker 1: if you poop at home as opposed to pooping at work,

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Speaker 1: there's this opportunity cost of your money because while you're

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Speaker 1: at home, you're spending your own money, your own time,

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Speaker 1: on the water bill, on the candle, on the running

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Speaker 1: of the fan with the electricity, all that kind of

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Speaker 1: st So obviously it's just a little bit. It's a

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Speaker 1: little poofy, but you know, especially since we're talking about

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Speaker 1: frugality and maybe win frugality doesn't cut it well, this

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Speaker 1: kind of went a little too far, but super funny

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Speaker 1: and and definitely worth talking about on the show. Yeah,

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Speaker 1: we'll share that with y'all as well. All Right, man,

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Speaker 1: let's quickly mention the beer that we're having on the

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Speaker 1: show today. This beer, Man, I've been drinking this for

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Speaker 1: over ten years. This is Hibernation Ale is old school, Yeah,

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Speaker 1: by Great Divide Brewing. Well, you said you've been drinking

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Speaker 1: it for ten years. I don't think i've had it

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Speaker 1: in eight years. It's been four ever since I've had

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Speaker 1: this beer. This is one of those that I think

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Speaker 1: you and I both kind of fell into years ago.

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Speaker 1: But this is one that we've st you know, let's

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Speaker 1: kind of set on the backshelf a little bit when

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Speaker 1: you when you go to the when you go to

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Speaker 1: the beer shop and you see it, any kind of

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Speaker 1: a little tip of the cap to it, but you

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Speaker 1: don't really pick it up. I'm glad that we are

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Speaker 1: able to share this one today. I mean, this is

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Speaker 1: an old aale and I love a good old alee.

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Speaker 1: So we will talk about this one at the end

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Speaker 1: of the show. But for now, Matt, let's get onto

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Speaker 1: the topic at hand. We're talking about when frugality doesn't

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Speaker 1: cut it, when it's not enough, and Matt, you and

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Speaker 1: I both agree that frugality is a great tool in

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Speaker 1: our personal finance. Swiss Army Knife. We're pretty approval fell

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Speaker 1: as ourselves, and we love seeing the frugal steps that

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Speaker 1: our friends and our listeners are implementing into their lives.

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Speaker 1: Oftentimes they're doing things that we hadn't even thought of, right,

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Speaker 1: And it's encouraging to see that. It's inspirational and it's

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Speaker 1: educational for us. It's creative as well. Yes, I love

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Speaker 1: that super creative stuff. I love just seeing how people

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Speaker 1: are saving money and it just makes me want to

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Speaker 1: go harder after saving more of my own and making

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Speaker 1: frugal cuts. But frugality alone doesn't cut it. There are

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Speaker 1: times when we need to prioritize other tools in our

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Speaker 1: personal finance Swiss army knife to help us achieve our

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Speaker 1: money goals. So today we're going to discuss the role

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Speaker 1: that frugality should play in our financial lives and how

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Speaker 1: to use the other tools at your disposal when just

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Speaker 1: adding more frugal hacks to our life won't do the trick.

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Speaker 1: That's right, man, So let's go ahead first and define frugality.

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Speaker 1: There are a lot of different definitions of what people

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Speaker 1: consider to be frugal, right, I mean, you and I

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Speaker 1: we go back and forth often on the show, and

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Speaker 1: we say, is this frugal or is this cheap? Like

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Speaker 1: even our own definition of frugality and cheapness can vary

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Speaker 1: depending on the specific situation, but for this episode, here's

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Speaker 1: how we're gonna define frugality. Frugality is the small changes

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Speaker 1: that you can make by cutting around the periphery of

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Speaker 1: your budget. Right. So some of these changes can be

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Speaker 1: bigger than others. It could be as big as maybe

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Speaker 1: cutting cable. What can be as small as making your

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Speaker 1: own soap, or maybe even flushing one less time because

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Speaker 1: you are going number two at work, right, But frugality

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Speaker 1: is essentially looking at those line items and seeing how

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Speaker 1: you can save a few more dollars every single month.

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Speaker 1: You're kind of you know, you're you're tightening the belt

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Speaker 1: just a little bit more, trying to squeeze a few

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Speaker 1: more cents out of that line atom. Yeah, yeah, we

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Speaker 1: are of course all about this. You shouldn't skip out

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Speaker 1: on frugality as you're on your journey to achieving your

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Speaker 1: financial goals. You have to use it well. But there's

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Speaker 1: some obvious limitations to frugality because it can only take

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Speaker 1: you so far. Some folks have a greater need to

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Speaker 1: practice extreme frugality, right, But lots of people listening to

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Speaker 1: this podcast likely don't fall into this category. If you

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Speaker 1: have a smartphone, you listen to podcasts, and in particular,

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Speaker 1: if you're listening to a personal finance podcast, the likelihood

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Speaker 1: that you have the ability to make other impactful changes

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Speaker 1: is pretty high. But before we get into those changes,

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Speaker 1: let's talk a little more about frugality and how we

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Speaker 1: should view it. Yeah, dude, So, I think the first

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Speaker 1: thing when to cover is how pretty much everything in

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Speaker 1: our budget should be initially on the table when it

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Speaker 1: comes to making some of those cuts. Right, we should

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Speaker 1: reconsider most of the expenses in our lives and not

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Speaker 1: assume that anything is untouchable. This is reminding me of

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Speaker 1: our interview with Liz, miss frugal Wood's. We talked with

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Speaker 1: her about how she and her husband they cut their

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Speaker 1: own hair at home, and by the way, that's something

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Speaker 1: I do as well. Yeah. Have we ever talked about that?

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Speaker 1: I don't. I think you've mentioned it before. Have you

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Speaker 1: talked about how I've cut your hair before? I think

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Speaker 1: we might have posted a picture on Instagram one when

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Speaker 1: you cut my hair, did you like? Dude? I don't

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Speaker 1: have time to get a haircut. I don't want to

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Speaker 1: pay the money as well. Our families were at the beach. Yeah,

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Speaker 1: it's small aside. Anyway, I will say we're pretty frugal.

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Speaker 1: Not the best hair could I've ever had, also not

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Speaker 1: the worst, so I'm fine with them where in the middle.

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Speaker 1: So you know, we talked with her about how they

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Speaker 1: cut their own hair. She also has this large, massive

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Speaker 1: CEO two tank where she can make her own carbonated

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Speaker 1: water and instead of buying lacroix or instead of even

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Speaker 1: using her soda stream with a little CEO two cartridges

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Speaker 1: I guess, which are a lot more expensive. There are

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Speaker 1: all sorts of ways that we can creatively cut back,

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Speaker 1: and sometimes when we think that we are frugal, we

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Speaker 1: actually aren't. Right, So we just haven't done enough research

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Speaker 1: to see what other options might help us to save

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Speaker 1: even more money. Our culture isn't a one that lends

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Speaker 1: itself to frugality. That's an understatement. Yes, Like there are

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Speaker 1: probably a lot of different frugal hacks that you haven't

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Speaker 1: considered yet. We've talked about free stuff, we talked about

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Speaker 1: cutting the cord. Even cheap cell phone providers more frugal

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Speaker 1: knowledge and implementation can have a real impact for the

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Speaker 1: majority of us. Yeah, so I think it's important to say,

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Speaker 1: just one more time, we're not talking trash about frugality.

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Speaker 1: We love yeah, exactly, there's so many good things that

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Speaker 1: frugality adds to our lives, and even just honestly, the

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Speaker 1: money savings is big, but just kind of that ability

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Speaker 1: to realize that we can do with less is a

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Speaker 1: huge part of why we love frugality. Oh and also too,

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Speaker 1: and it can only not save you money, but I

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Speaker 1: think there's a lot of joy that can come from

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Speaker 1: being frugal as well. Like we've talked before about obviously

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Speaker 1: using public libraries, right it's another mainstay right there next

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Speaker 1: to frugality. But recently, man, we've been using the Libby

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Speaker 1: appohole because I've sinked it with my kindle and so,

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Speaker 1: which is amazing because now I'm able to pull up

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Speaker 1: books from the library on my phone in the Libby

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Speaker 1: app and then instantly send them to my kindle. Dude,

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Speaker 1: this has been huge for us. I've been reading The

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Speaker 1: Magic Treehouse to my girls. They love it. It's a

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Speaker 1: ton of fun and if they're really into it, I

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Speaker 1: can literally pull up the next book and have that

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Speaker 1: into my kindle instantly. So I'm just saying that it's

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Speaker 1: just a ton of fun. We've gotten a lot of

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Speaker 1: value out of that. Ensure. We could purchase the e

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Speaker 1: version of it on Amazon, right but they're about four

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Speaker 1: dollars a pop and we've already burned through six of

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Speaker 1: those books. So that's twenty five bucks right there that

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Speaker 1: I've saved, just a small frugal win. Yeah, And I mean,

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Speaker 1: I think the more that we are have our eyes open,

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Speaker 1: and so much of that does involve kind of bringing

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Speaker 1: in other voices that have a lot of wisdom on

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Speaker 1: how to become more frugal, how to save money, what

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Speaker 1: areas you can cut back, what apps you can use,

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Speaker 1: wright stuff like that. There's all sorts of frugal tips

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Speaker 1: and tricks out there that you know, there's a lot

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Speaker 1: that we aren't privy to, and we rely on our

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Speaker 1: listeners and our friends to kind of hear more about

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Speaker 1: those things. But yeah, I think you're right. Yeah, frugality,

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Speaker 1: it can be kind of uh fun, it can be

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Speaker 1: a joy. We can almost also kind of gamify our

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Speaker 1: ability to to institute frugality into our lives are but

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Speaker 1: I think it's also important to be warned. Extreme frugality

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Speaker 1: can have negative consequences in relationship to our money and

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Speaker 1: to others, and it can also have negative consequences just

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Speaker 1: for ourselves because it might not be fun to cut

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Speaker 1: back on some of those expenses that we truly enjoy

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Speaker 1: in life, right, Matt, Like, if we try to over

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Speaker 1: frugalize our use of craft beer, Uh, it would probably

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Speaker 1: be pretty miserable. That's why we kind of set out

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Speaker 1: a few things in our personal lives that we're willing

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Speaker 1: to say, you know what, We're not gonna let frugality

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Speaker 1: really touch those areas of our lives because those are

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Speaker 1: places where we've decided it's important to put our money

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Speaker 1: it aligns with our values. And so, like, let's give

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Speaker 1: an example here. I think avoiding expensive coffee typically is

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Speaker 1: a pretty smart move, right. If you go out every

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Speaker 1: single morning to to get a four or five dollar coffee,

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Speaker 1: that can add up and and it really does equate

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Speaker 1: to a major expense in your life. But not spending

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Speaker 1: that four dollars just wants to have a great two

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Speaker 1: hour conversation with a friend, Well, I think ultimately that's

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Speaker 1: kind of being more cheap, and that's letting extreme frugality

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Speaker 1: infringe on having a great conversation with a friend. Yeah,

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Speaker 1: that's a classic example of imposing your cheapness on somebody else, right,

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Speaker 1: because it's affecting that relationship. So it can definitely have

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Speaker 1: a negative impact on that relationship. By the way, Okay,

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Speaker 1: what if you were going to a coffee shop to

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Speaker 1: meet a friend and they were already there and they

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Speaker 1: didn't have coffee, and they're sitting there, what would you do?

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Speaker 1: I'd buy their coffee? Would you buy their coffee? Yeah?

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Speaker 1: What if they don't want coffee? What do they want? Well,

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Speaker 1: what I'm what I'm saying, What I'm getting to is

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Speaker 1: that you're using the space of the coffee shop and

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Speaker 1: it looks like they're not going to get coffee. Would

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Speaker 1: you get coffee for yourself? Yeah? I mean I think

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Speaker 1: it's it's probably really cheap to take up a table

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Speaker 1: coffee shop and not have purchased anything. But that's what

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Speaker 1: I'm getting too. That's not cool. Yeah. So I mean

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Speaker 1: if if I got there that you know, my friend

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Speaker 1: was already there and they had a cup, I feel

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Speaker 1: like that kind of puts me off the hook a

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Speaker 1: little bit. I'm like, Okay, I can get a cup

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Speaker 1: of coffee to kind of join them. You know, there's

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Speaker 1: a lot of things to consider here. It also gives

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Speaker 1: me the freedom maybe to not go ahead and get

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Speaker 1: that fancy latte that I'm going to be tempted to get, right,

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Speaker 1: carmelatte or a quartado. That's my favorites are so good. Yeah,

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Speaker 1: well yeah, I think really more than anything when it

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Speaker 1: comes to the negative consequences that frugality can can bring.

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Speaker 1: It's not to say that frugality has to have these

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Speaker 1: bad ramifications. It doesn't have to affect your relationships negatively,

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Speaker 1: but I think it's just important to mention that it

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Speaker 1: can write. You know, if we're not careful, and if

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Speaker 1: we let frugality kind of take the driver's seat in

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Speaker 1: our life as opposed to kind of be in that

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Speaker 1: passenger person holding the map helping us out. You know,

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Speaker 1: if we let it take over the driver's seat, it

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Speaker 1: really can run them up, and it can hurt hurt

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Speaker 1: our relationships and the people closest to us. Completely agree. Man.

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Speaker 1: Something else to keep in mind is that if you

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Speaker 1: are an extreme frugal light, there is also a diminishing

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Speaker 1: value to continuing to make hard attempts at frugality. This is,

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Speaker 1: you know, when maybe the effect is in full force.

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Speaker 1: Your initial frugal cuts can be quite helpful, allowing for

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Speaker 1: some major financial breathing room, But then those secondary frugal

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Speaker 1: moves will offer far less benefits. I'm thinking of For instance,

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Speaker 1: you might be spending over like a hundred and sixty

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Speaker 1: bucks a month on cable, and over the years you've

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Speaker 1: also picked up a number of those different streaming services, right,

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Speaker 1: and so you're just paying way out the nose for

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Speaker 1: all the TV that you don't actually watch, when in reality,

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Speaker 1: you can make some pretty big cuts. And you know what,

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Speaker 1: Hulu last Black Friday, they did that two dollar a

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Speaker 1: month deal again. And if you happen to snag that deal,

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Speaker 1: you might say, you know what, I can get about

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Speaker 1: eight of all of my TV watching done through Hulu

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Speaker 1: for two bucks a month. That's the savings of one

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Speaker 1: and fifty dollars if you're paying one sixty before. And

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Speaker 1: that first cut is huge, massive, But guess what, you

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Speaker 1: probably don't need to be agonizing like should I cut

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Speaker 1: that two dollar a month Hulu? Don't worry about it,

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Speaker 1: Like who cares? It's only two dollars, But those bigger

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Speaker 1: cuts certainly can be worthwhile. But just make sure you're

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Speaker 1: not getting bogged down in the details and the minutia

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Speaker 1: and just all the nitty gritty of trying to reduce

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Speaker 1: your expenses even further when there's a little chance of

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Speaker 1: that maybe actually even happening. Yeah, the first frugal cut

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Speaker 1: can yield major results. And then those smaller frul cuts

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Speaker 1: that we try to make sometimes maybe we're putting too

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Speaker 1: much time, too much effort, and we're we're thinking too

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Speaker 1: hard about that when there are other things that we

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Speaker 1: can be focused on that can help us make bigger

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Speaker 1: moves with our money, bigger moves with our personal finances

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Speaker 1: as opposed to that two or three dollar cut, Right,

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Speaker 1: And so let's talk about those things, Matt. Let's talk

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Speaker 1: about those bigger moves that we can make win. Frugality

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Speaker 1: isn't enough, And we'll get into that right after the break,

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Speaker 1: all right. So we're back from the break, and we're

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Speaker 1: gonna talk now about some of those bigger expenses, some

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Speaker 1: of those bigger things in our life that we can

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Speaker 1: focus on in order to make some big changes when

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Speaker 1: it comes to our finances. Yeah, the way we initially

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Speaker 1: defined frugality, we said it's cutting around the periphery of

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Speaker 1: our budget. It's those smaller trims that we can make,

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Speaker 1: and when frugality doesn't cut it, we have to make

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Speaker 1: major t So we have to take an ax to

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Speaker 1: those big things, right. Yeah, not around the periphety, We're

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Speaker 1: going straight to the heart of it. Yeah, it's okay,

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Speaker 1: a quick example for you that before we kind of

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Speaker 1: launch into those let's talk about eating maybe a little

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Speaker 1: bit healthier. In the same way that frugality won't cut

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Speaker 1: it when it comes to our finances, there are I

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Speaker 1: think other areas in our life where the same principles

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Speaker 1: at play. So, for example, I think about the food

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Speaker 1: we eat and trying to stay maybe a little bit healthy. Right,

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Speaker 1: So an attempt to do that, you might be making

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Speaker 1: the switch from regular ice cream to the ice cream

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Speaker 1: that has maybe no sugar added or even the low

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Speaker 1: fat stuff right gross. Yeah, Yeah, we don't need to

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Speaker 1: get on that. So while that might make a difference,

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Speaker 1: if you really want to move the needle, what you

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Speaker 1: should be doing is you shouldn't be looking at low

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Speaker 1: fat ice cream. You should be looking at not eating

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Speaker 1: ice cream altogether. You need to you need to avoid

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Speaker 1: having that bowl of ice cream right before you go

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Speaker 1: to bed like that's what's gonna make the big difference,

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Speaker 1: or or or sparing lee every once in a while.

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Speaker 1: You know, you have a bowl of ice cream, but

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Speaker 1: but good stuff every now and then. But if you're

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Speaker 1: eating the low fat every single night before bed, you're right, yeah,

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Speaker 1: that's not a good move. Also, see how this food

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Speaker 1: example parallel how we approach beer. Yeah true, but it's

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Speaker 1: those paradigm shifting ways of looking at a problem completely

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Speaker 1: differently that'll actually lead to massive change, not just those

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Speaker 1: tiny little frugal tweaks. Yeah yeah, So that one of

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Speaker 1: the major ways that we are able to move the

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Speaker 1: needle wind frugality isn't quite enough is to look at

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Speaker 1: the major expenses in our lives. When frugality just isn't

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Speaker 1: gonna cut it, it's time to go big, right, So

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Speaker 1: let's look at a few areas in our budget where

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Speaker 1: we're talking about these major hacks as opposed to just

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Speaker 1: cutting around the edges, just nibbling and taking off pennies

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Speaker 1: and dollars. Well, of course, housing is probably the biggest

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Speaker 1: line item in your budget, So let's talk about that

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Speaker 1: real quick. Yeah, on average dude, Americans of their budget

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Speaker 1: goes towards housing that is a massive amount. That's a

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Speaker 1: big chunk. So instead of focusing on the smaller things

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Speaker 1: like letting it mellow in between flushes or pooping at

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Speaker 1: your place of work, it's important to look for ways

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Speaker 1: to drastically make changes. And so, yeah, one of those

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Speaker 1: things might be house hacking that's putting an extra room

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Speaker 1: on Airbnb, or looking for acute duplex so you can

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Speaker 1: have a full time tenant next door. You might want

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Speaker 1: to consider downsizing alltogether. Maybe you realize that you don't

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Speaker 1: need all the space that you have anymore or ever, right, yeah,

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Speaker 1: or maybe you've never needed that space and you're just

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Speaker 1: finally realizing that. Yeah, And so you realize you're living

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Speaker 1: in three thousand square feet and you're like, you know what,

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Speaker 1: square feet would do me just fine, and it would

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Speaker 1: simplify my life a good bit and at the same time,

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Speaker 1: it would save me a whole lot of money every month.

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Speaker 1: You might even want to think about relocating. Ask yourself

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Speaker 1: why it is that you live where you do. Going

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Speaker 1: through that exercise can really help. I mean, I think

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Speaker 1: there's all these ways that we can consider tackling the

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Speaker 1: problem of how much housing costs us every month. And

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Speaker 1: if you can lower your housing costs from your budget

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Speaker 1: to twenty of your budget, if you can make a

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Speaker 1: big move like that, well then we're not talking about

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Speaker 1: getting rid of a ten dollar streaming service. We're talking

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Speaker 1: about moving the needle in a major way pretty quickly. Yeah,

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Speaker 1: and here's the thing too, some of these changes can

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Speaker 1: seem kind of scary, right, Like we're talking about changing

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Speaker 1: your housing, and to a lot of people, their home

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Speaker 1: is like represents security and it's this sort of safe place. Right.

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Speaker 1: But here's the thing, Like, thinking through these things is

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Speaker 1: an incredible exercise, like you said, to help us to

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Speaker 1: focus on what it is we actually prioritize. Because yeah,

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Speaker 1: you hear us say, oh you should consider moving, and

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Speaker 1: that sounds ridiculous to some people, probably to a lot

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Speaker 1: of people. But if you actually take the time and

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Speaker 1: think about what is it that we value, that is

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Speaker 1: when your priorities can begin to realign, and then you

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Speaker 1: can start placing priority on the things that actually matter

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Speaker 1: to you. Right. So, for instance, maybe you moved to

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Speaker 1: a city because you originally got a job there five

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Speaker 1: or six years ago, but now you work completely online

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Speaker 1: and you can move anywhere well, that's a good time

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Speaker 1: to reconsider, like, why is it that we're actually staying here.

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Speaker 1: Is it because we're just used to the neighborhood, or

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Speaker 1: are there other bigger reasons that are keeping us here.

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Speaker 1: I think when you can actually think through some of

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Speaker 1: these things, that's when these kind of big audacious moves

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Speaker 1: like this, like moving out of the city to somewhere

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Speaker 1: that's maybe more affordable, that's when something like that seems

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Speaker 1: not only doable, but something that you're excited about because

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Speaker 1: you've identified an incredible way to save a ton of money. Yeah,

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Speaker 1: I think Matt, it is important to note when we're

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Speaker 1: talking about this that when you move sometimes there are

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Speaker 1: other expenses that you incur. In For instance, where we

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Speaker 1: live it's pretty bikable. I can bike to work, you know,

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Speaker 1: you can bike to pick up kids from school and

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00:19:19,440 --> 00:19:21,480
Speaker 1: and that kind of thing. Right, instead of having another car,

425
00:19:21,520 --> 00:19:24,639
Speaker 1: instead of driving more where we live, it enables us

426
00:19:24,640 --> 00:19:27,080
Speaker 1: to save money in other places. So, yeah, certainly some

427
00:19:27,119 --> 00:19:29,320
Speaker 1: secondary benefits there. Yeah, So I think if you're talking

428
00:19:29,359 --> 00:19:33,159
Speaker 1: about moving somewhere else, you want to incorporate all the

429
00:19:33,200 --> 00:19:36,520
Speaker 1: potential increased costs and decreased costs that you might face.

430
00:19:36,800 --> 00:19:40,399
Speaker 1: And on that note of cars and transportation, what transportation

431
00:19:40,480 --> 00:19:43,320
Speaker 1: is this other potential place for us to make a

432
00:19:43,480 --> 00:19:47,119
Speaker 1: huge dent in our monthly spending. And the thing is,

433
00:19:47,119 --> 00:19:50,520
Speaker 1: it's not agonizing between a car that might get thirty

434
00:19:50,520 --> 00:19:52,320
Speaker 1: five miles to the gallon versus forty miles to the

435
00:19:52,359 --> 00:19:56,320
Speaker 1: gallon that ultimately is a very small item in our budget.

436
00:19:56,520 --> 00:19:59,480
Speaker 1: The gas costs that will incur typically don't make a

437
00:19:59,560 --> 00:20:02,840
Speaker 1: huge different in our lives if we just increase our

438
00:20:03,160 --> 00:20:06,320
Speaker 1: fuel economy a little bit. But the bigger thing is

439
00:20:06,359 --> 00:20:09,840
Speaker 1: considering what the purpose of our car is. If it's

440
00:20:10,000 --> 00:20:13,360
Speaker 1: just functional and dependable transportation and it's not for status,

441
00:20:13,600 --> 00:20:15,080
Speaker 1: well then we're going to be able to make a

442
00:20:15,119 --> 00:20:17,000
Speaker 1: better choice. We're gonna be able to save a lot

443
00:20:17,000 --> 00:20:19,640
Speaker 1: of money doing so. This means not having a car

444
00:20:19,720 --> 00:20:23,400
Speaker 1: payment and definitely avoiding leasing a car. By the way,

445
00:20:23,400 --> 00:20:24,919
Speaker 1: if you do have a lease, it's important. There are

446
00:20:24,920 --> 00:20:26,880
Speaker 1: two great websites you should check out, Swap a lease

447
00:20:26,960 --> 00:20:28,920
Speaker 1: or lease Trader. You can get rid of your lease

448
00:20:28,960 --> 00:20:30,960
Speaker 1: and you can find somebody else who's looking to take

449
00:20:30,960 --> 00:20:33,040
Speaker 1: on a lease, and then you can discount you at

450
00:20:33,040 --> 00:20:35,240
Speaker 1: a discount, and then you can get this cheaper method

451
00:20:35,320 --> 00:20:37,600
Speaker 1: of transportation that's going to save you potentially hundreds of

452
00:20:37,640 --> 00:20:39,919
Speaker 1: dollars every month and all that note, also avoid the

453
00:20:39,960 --> 00:20:43,240
Speaker 1: car subscription services as well, because that's an even higher

454
00:20:43,240 --> 00:20:46,520
Speaker 1: premium that you're paying for absolutely zero work. But guess

455
00:20:46,520 --> 00:20:48,560
Speaker 1: what you're paying out the nose for that jump. Yeah.

456
00:20:48,560 --> 00:20:50,720
Speaker 1: Those Maybe maybe one of these days those things will

457
00:20:50,920 --> 00:20:52,960
Speaker 1: come down in price and we'll be able to have

458
00:20:53,240 --> 00:20:56,960
Speaker 1: car subscription services that just aren't insanely expensive for the

459
00:20:56,960 --> 00:20:58,280
Speaker 1: common man. But it seems like a lot of them

460
00:20:58,320 --> 00:21:00,920
Speaker 1: are eight hundred thousand buck right now, and so yeah,

461
00:21:00,960 --> 00:21:03,120
Speaker 1: I would probably avoid those two. And Matt, I think

462
00:21:03,119 --> 00:21:05,479
Speaker 1: another thing to mention is that for folks out there

463
00:21:05,520 --> 00:21:08,719
Speaker 1: that have a car payment, consider selling your car, taking

464
00:21:08,720 --> 00:21:12,480
Speaker 1: that hit, and then buying something to drive that's less expensive.

465
00:21:12,760 --> 00:21:16,560
Speaker 1: And when we start talking about cutting things in this fashion,

466
00:21:16,800 --> 00:21:18,879
Speaker 1: like selling a car to your upside down on taking

467
00:21:18,920 --> 00:21:20,879
Speaker 1: the hit and then buying a car that's even cheaper,

468
00:21:21,080 --> 00:21:23,479
Speaker 1: well we have to talk about the sunk cost fallacy,

469
00:21:23,480 --> 00:21:24,919
Speaker 1: which I don't think we've ever talked about on the

470
00:21:24,920 --> 00:21:27,600
Speaker 1: show before. Sometimes it makes sense to cut loose a

471
00:21:27,720 --> 00:21:30,800
Speaker 1: recent new car purchase or recent purchase of any kind,

472
00:21:31,119 --> 00:21:33,800
Speaker 1: even if we're going to quote unquote lose money on it.

473
00:21:34,119 --> 00:21:37,159
Speaker 1: We keep expenses in our life oftentimes because of how

474
00:21:37,240 --> 00:21:39,960
Speaker 1: much we've invested in those things, as opposed to weighing

475
00:21:39,960 --> 00:21:42,520
Speaker 1: our decision based on how beneficial it will be for

476
00:21:42,600 --> 00:21:45,360
Speaker 1: our future finances. So sometimes Matt, it just makes sense

477
00:21:45,359 --> 00:21:47,679
Speaker 1: to cut our losses and do something more productive with

478
00:21:47,720 --> 00:21:50,560
Speaker 1: that money. Well, this actually makes me think of Seinfeld.

479
00:21:50,560 --> 00:21:52,680
Speaker 1: I know you're a big Seinfeld fan. I used to

480
00:21:52,680 --> 00:21:54,960
Speaker 1: watch it back in the day. I've watched classic show. Yeah,

481
00:21:55,000 --> 00:21:57,280
Speaker 1: I watched very few episodes of that, but one that

482
00:21:57,359 --> 00:21:59,720
Speaker 1: I am aware of it was the one where Elaine

483
00:22:00,119 --> 00:22:03,200
Speaker 1: she had gotten the punch cards at the subplace and

484
00:22:03,280 --> 00:22:05,280
Speaker 1: she had gotten enough punches on her card that she

485
00:22:05,359 --> 00:22:06,840
Speaker 1: was going to be able to get a free sub.

486
00:22:07,520 --> 00:22:08,840
Speaker 1: Did you know the one I'm talking about? Yeah, and

487
00:22:08,840 --> 00:22:11,600
Speaker 1: she loses the card, right, she loses the card and

488
00:22:11,600 --> 00:22:14,760
Speaker 1: so she's spends the entire episode basically trying to find

489
00:22:14,880 --> 00:22:16,920
Speaker 1: her her card, and people that are always like forget

490
00:22:16,920 --> 00:22:18,640
Speaker 1: about it, like let it go, and the whole time

491
00:22:18,680 --> 00:22:21,720
Speaker 1: She's like, the subs are terrible, but but I'm halfway there.

492
00:22:21,880 --> 00:22:23,040
Speaker 1: I have to keep beating them so I can get

493
00:22:23,080 --> 00:22:24,840
Speaker 1: the free one exactly. Well, she's more than halfway there,

494
00:22:24,880 --> 00:22:26,560
Speaker 1: she is right there at the brink, and so she's

495
00:22:26,680 --> 00:22:29,440
Speaker 1: she's committed to finding that card and it doesn't matter

496
00:22:29,480 --> 00:22:32,639
Speaker 1: that the subs are crappy. She's emotionally invested. And so

497
00:22:32,720 --> 00:22:35,680
Speaker 1: that's the fallacy part of the sunk cost problem here

498
00:22:35,760 --> 00:22:38,840
Speaker 1: is that we become emotionally attached to what we've committed

499
00:22:38,840 --> 00:22:41,240
Speaker 1: our time and what we've committed our money to that

500
00:22:41,320 --> 00:22:44,840
Speaker 1: it doesn't matter if the benefit we receive afterwards isn't

501
00:22:44,840 --> 00:22:46,919
Speaker 1: that great, we're so committed to it. Yeah, So I

502
00:22:46,920 --> 00:22:49,600
Speaker 1: think that's a good way to think about purchases that

503
00:22:49,640 --> 00:22:51,760
Speaker 1: we've already made that maybe we can cut ties with.

504
00:22:51,880 --> 00:22:56,280
Speaker 1: It's like, would you make that purchase now, regardless regardless

505
00:22:56,320 --> 00:22:58,359
Speaker 1: of how much money, regardless of how much time you've

506
00:22:58,400 --> 00:23:00,200
Speaker 1: already sunk into it. Yeah. And when you're talking about

507
00:23:00,240 --> 00:23:02,919
Speaker 1: the car specifically, Matt, if you spent twenty thousand on

508
00:23:02,920 --> 00:23:06,200
Speaker 1: a car and it's worth, you know, twelve thousand dollars, now, well,

509
00:23:06,240 --> 00:23:09,000
Speaker 1: would you buy a car that's worth twelve dollars for

510
00:23:09,080 --> 00:23:11,760
Speaker 1: twenty grand? No, you probably wouldn't. And so if you

511
00:23:11,840 --> 00:23:14,040
Speaker 1: have the cash on hand and you're able to to

512
00:23:14,080 --> 00:23:15,520
Speaker 1: get out from out of that car and buy a

513
00:23:15,600 --> 00:23:19,719
Speaker 1: cheap used car that can revolutionize your finances going forward.

514
00:23:19,960 --> 00:23:21,720
Speaker 1: And so yeah, I just think it makes sense to

515
00:23:21,720 --> 00:23:24,000
Speaker 1: put that on the table, those bigger cuts, even if

516
00:23:24,080 --> 00:23:27,600
Speaker 1: it involves maybe a more difficult emotional move like selling

517
00:23:27,600 --> 00:23:30,280
Speaker 1: a car that you've got so much money invested in. Yeah,

518
00:23:30,359 --> 00:23:33,600
Speaker 1: totally man. And another thing too is consider maybe moving

519
00:23:33,640 --> 00:23:35,879
Speaker 1: to a one car family. Right if you've got a family,

520
00:23:36,280 --> 00:23:38,639
Speaker 1: if you have a household and you've got two cars,

521
00:23:38,680 --> 00:23:40,560
Speaker 1: but maybe you're really not using that second car all

522
00:23:40,560 --> 00:23:43,680
Speaker 1: that often, Well, like it's worth considering selling that car,

523
00:23:43,720 --> 00:23:46,360
Speaker 1: getting rid of the insurance on that second vehicle. And

524
00:23:46,400 --> 00:23:48,080
Speaker 1: you know what, if you are a single individual and

525
00:23:48,080 --> 00:23:50,080
Speaker 1: you only have one car, if you live in the

526
00:23:50,080 --> 00:23:53,479
Speaker 1: city and you've got good options, good alternative transportation options,

527
00:23:53,520 --> 00:23:55,720
Speaker 1: I think it's worth challenging yourself and thinking through, like

528
00:23:55,720 --> 00:23:57,359
Speaker 1: what would it look like for me to not have

529
00:23:57,440 --> 00:23:59,720
Speaker 1: a car. We talked about this often, but I mean

530
00:23:59,720 --> 00:24:02,760
Speaker 1: with the technologies with ride sharing, bike scooters, all the

531
00:24:02,800 --> 00:24:05,280
Speaker 1: things out there, there are incredible ways to be able

532
00:24:05,280 --> 00:24:08,600
Speaker 1: to move around a city in an urban environment where

533
00:24:08,720 --> 00:24:10,840
Speaker 1: you wouldn't necessarily have to have the vehicle. And one

534
00:24:10,840 --> 00:24:13,440
Speaker 1: thing I think that gets overlooked the ways car pool

535
00:24:13,480 --> 00:24:16,160
Speaker 1: feature is really neat. It's very similar to ride share.

536
00:24:16,320 --> 00:24:17,880
Speaker 1: Have you tried it yet? I haven't tried it yet.

537
00:24:17,880 --> 00:24:19,399
Speaker 1: I need to try it, but I've been I've been

538
00:24:19,440 --> 00:24:21,800
Speaker 1: really really interested to check it out because the prices

539
00:24:21,840 --> 00:24:23,760
Speaker 1: are so much cheaper than if you were just to

540
00:24:23,800 --> 00:24:25,720
Speaker 1: take a lift or an uber even like the uber

541
00:24:25,760 --> 00:24:28,720
Speaker 1: pool right. The it's it's it's basically cost like fifty

542
00:24:28,720 --> 00:24:30,760
Speaker 1: cents a mile, and you're sharing this ride with someone

543
00:24:30,800 --> 00:24:32,280
Speaker 1: else who lives in your part of town and works

544
00:24:32,320 --> 00:24:34,280
Speaker 1: kind of close to where you work. And so yeah,

545
00:24:34,280 --> 00:24:36,360
Speaker 1: it's a really sweet option for for folks that are

546
00:24:36,359 --> 00:24:39,240
Speaker 1: trying to eliminate car expenses in their lives. Yeah, because

547
00:24:39,240 --> 00:24:41,680
Speaker 1: I do see that on as an option with Lift

548
00:24:41,720 --> 00:24:44,080
Speaker 1: and Uber right, like you see the shared option, And

549
00:24:44,080 --> 00:24:45,760
Speaker 1: it's not that much cheaper, Like a lot of times

550
00:24:45,840 --> 00:24:47,600
Speaker 1: it's just a few bucks, I mean, depending on the

551
00:24:47,840 --> 00:24:50,240
Speaker 1: length of your trip, but it's a few bucks more

552
00:24:50,280 --> 00:24:52,320
Speaker 1: and it sometimes will take a lot longer, and so

553
00:24:52,400 --> 00:24:54,040
Speaker 1: I'm just like, well, I'm not gonna try to say

554
00:24:54,080 --> 00:24:56,080
Speaker 1: three or four bucks and have it take twenty minutes

555
00:24:56,080 --> 00:24:58,400
Speaker 1: longer to get to my destination. To me personally, that's

556
00:24:58,400 --> 00:25:01,000
Speaker 1: not worth it, yeah for sure. But yeah, man wags carpool,

557
00:25:01,040 --> 00:25:03,239
Speaker 1: you gotta check that out and report back soon. All right.

558
00:25:03,280 --> 00:25:04,920
Speaker 1: I'm gonna put that on my February to do list.

559
00:25:04,920 --> 00:25:06,959
Speaker 1: I'm gonna try and waste carpool. Yeah, all right, I'll

560
00:25:07,000 --> 00:25:09,320
Speaker 1: report that. Gonna love it. All right. Let's also talk quickly,

561
00:25:09,480 --> 00:25:12,480
Speaker 1: uh some about food. Not everyone can make a dramatic

562
00:25:12,480 --> 00:25:15,120
Speaker 1: cut here, cheaper cuts of meat or maybe eating less

563
00:25:15,119 --> 00:25:18,000
Speaker 1: meat overall, our our frugal moves that can help. And

564
00:25:18,280 --> 00:25:20,320
Speaker 1: you know, eating out less obviously can can have a

565
00:25:20,320 --> 00:25:22,000
Speaker 1: big impact on the amount of money that we put

566
00:25:22,040 --> 00:25:25,000
Speaker 1: towards our food. But there are some folks out there

567
00:25:25,000 --> 00:25:27,959
Speaker 1: who could save a lot of money by shopping at

568
00:25:28,040 --> 00:25:30,800
Speaker 1: maybe aldi say, instead of shopping at whole foods. That

569
00:25:30,840 --> 00:25:32,960
Speaker 1: would make a big difference. Yeah, or even just packing

570
00:25:32,960 --> 00:25:36,720
Speaker 1: their lunches, eating at home, eating leftovers. The percentage of

571
00:25:36,760 --> 00:25:39,720
Speaker 1: our budgets that goes towards food and goes towards groceries

572
00:25:39,760 --> 00:25:42,760
Speaker 1: is about and you know, what we're talking about here

573
00:25:42,880 --> 00:25:45,679
Speaker 1: might sound a little measily. We're talking about these big

574
00:25:45,720 --> 00:25:47,600
Speaker 1: cuts that we can make in our lives, right but

575
00:25:47,720 --> 00:25:49,679
Speaker 1: here's the thing. We eat every single day, and so

576
00:25:49,800 --> 00:25:52,520
Speaker 1: when you make a small change that happens three times

577
00:25:52,520 --> 00:25:54,800
Speaker 1: a day, well that adds up because we eat every

578
00:25:54,800 --> 00:25:57,159
Speaker 1: single day, and the small changes they compound, so you

579
00:25:57,160 --> 00:25:58,679
Speaker 1: get to the end of the month and it can

580
00:25:58,680 --> 00:26:01,040
Speaker 1: be a noticeable difference in your budget. Yeah. I think

581
00:26:01,040 --> 00:26:03,840
Speaker 1: when we're talking about food, Matt, well, if you took

582
00:26:03,880 --> 00:26:07,800
Speaker 1: the the hyper frugal approach, you'd be cutting coupons, you'd

583
00:26:07,800 --> 00:26:10,840
Speaker 1: be saving fifty cents on a particular item. But when

584
00:26:10,840 --> 00:26:13,439
Speaker 1: you're making a massive change like you just suggested of

585
00:26:14,080 --> 00:26:17,280
Speaker 1: a whole food shopper switching to shop at Aldi instead, well,

586
00:26:17,400 --> 00:26:19,600
Speaker 1: right there, that's one move, that's the big change, and

587
00:26:19,640 --> 00:26:21,680
Speaker 1: that's one move that saves you a ton of money

588
00:26:21,720 --> 00:26:24,040
Speaker 1: every month, as opposed to clipping the coupons, taking a

589
00:26:24,080 --> 00:26:26,040
Speaker 1: lot of time and trying to lower that cost of

590
00:26:26,080 --> 00:26:28,880
Speaker 1: your food bill on the periphery. With these little nibbles,

591
00:26:29,040 --> 00:26:31,480
Speaker 1: you're taking this big bite out of your food bill.

592
00:26:31,800 --> 00:26:33,359
Speaker 1: It's just by making that switch to all the right.

593
00:26:33,400 --> 00:26:36,960
Speaker 1: I like the usage of a big bite in this example, Jill, Well, thanks,

594
00:26:36,960 --> 00:26:39,720
Speaker 1: I thought it fit quite appropriate. Yes, So basically, the

595
00:26:39,720 --> 00:26:42,560
Speaker 1: super frugal person is pinching pennies and counting dollar bills.

596
00:26:42,560 --> 00:26:44,520
Speaker 1: Like you said, there might be clipping coupons just to

597
00:26:44,560 --> 00:26:47,800
Speaker 1: save fifty cents. Whereas the person that takes this approach,

598
00:26:48,040 --> 00:26:50,480
Speaker 1: that takes the approach of looking to the larger things,

599
00:26:50,560 --> 00:26:53,080
Speaker 1: the larger steps where we can have some big impact

600
00:26:53,119 --> 00:26:56,000
Speaker 1: in our life, they're looking to save hundreds of dollars

601
00:26:56,359 --> 00:26:59,280
Speaker 1: through these bigger moves. When fruality isn't enough, you have

602
00:26:59,320 --> 00:27:02,040
Speaker 1: to look to those larger line items in your budget.

603
00:27:02,119 --> 00:27:04,480
Speaker 1: You can't count on being able to optimize something just

604
00:27:04,600 --> 00:27:07,240
Speaker 1: a little bit more. Yeah, I completely agree, Matt. Well,

605
00:27:07,280 --> 00:27:09,680
Speaker 1: the other side of the coin, when frugality isn't enough, well,

606
00:27:09,720 --> 00:27:12,679
Speaker 1: it's not just about acting those bigger line items and

607
00:27:12,720 --> 00:27:14,960
Speaker 1: saving big money in those ways, but it's also we

608
00:27:15,000 --> 00:27:17,320
Speaker 1: have to look at the income side of the equation.

609
00:27:17,520 --> 00:27:28,960
Speaker 1: And we'll talk about that right after the break. Alright,

610
00:27:28,960 --> 00:27:31,760
Speaker 1: So we're back from the break talking about how frugality,

611
00:27:31,840 --> 00:27:33,960
Speaker 1: how it won't always cut it, and the reason it

612
00:27:34,000 --> 00:27:36,280
Speaker 1: won't always cut it is because sometimes, like you said,

613
00:27:36,320 --> 00:27:38,360
Speaker 1: we need to look to the other side of the equation,

614
00:27:38,680 --> 00:27:42,320
Speaker 1: and that's to earn more money growing your income. That's

615
00:27:42,320 --> 00:27:44,400
Speaker 1: gonna be another tool in your money arsenal to help

616
00:27:44,440 --> 00:27:47,359
Speaker 1: you save more when frugality isn't enough. If we continue

617
00:27:47,400 --> 00:27:49,200
Speaker 1: to make cuts to our spending, like, there's gonna be

618
00:27:49,240 --> 00:27:51,680
Speaker 1: a point at which you can no longer make any cuts, right,

619
00:27:51,760 --> 00:27:54,520
Speaker 1: Like there's a baseline to living. You can't get blood

620
00:27:54,520 --> 00:27:56,399
Speaker 1: from a turn up, isn't that what people say? Or

621
00:27:56,600 --> 00:27:58,320
Speaker 1: from from a rock, Like you can't make a rock bleed?

622
00:27:58,440 --> 00:28:00,680
Speaker 1: That too? Is that the term turn what I'm saying rocks?

623
00:28:00,680 --> 00:28:02,159
Speaker 1: I don't know if either of them going on with

624
00:28:02,160 --> 00:28:04,199
Speaker 1: people trying to make things bleed kind of messed up.

625
00:28:05,240 --> 00:28:07,280
Speaker 1: But once you get to that point, like, that's when

626
00:28:07,320 --> 00:28:10,400
Speaker 1: you have to shift your attention to increasing your income.

627
00:28:10,600 --> 00:28:12,560
Speaker 1: In the same way that we can't make a massive

628
00:28:12,600 --> 00:28:15,240
Speaker 1: impact on our money with these small cuts to our expenses,

629
00:28:15,640 --> 00:28:18,680
Speaker 1: we also can't make dramatic improvements to our income via

630
00:28:18,720 --> 00:28:21,359
Speaker 1: the smaller and easier ways to quickly increase our income.

631
00:28:21,560 --> 00:28:23,560
Speaker 1: But you know what, that's okay. I think sometimes people

632
00:28:23,880 --> 00:28:26,639
Speaker 1: need quicker and easier ways to be able to make

633
00:28:26,680 --> 00:28:28,720
Speaker 1: more money. And there's there's a time and a place

634
00:28:29,080 --> 00:28:31,840
Speaker 1: for the part time job in our lives. Right If

635
00:28:31,840 --> 00:28:35,199
Speaker 1: you don't know what your scalable business might be well,

636
00:28:35,240 --> 00:28:37,800
Speaker 1: there are ways to generate income by selling stuff on

637
00:28:37,840 --> 00:28:41,560
Speaker 1: Facebook marketplace or through apps, renting your car out on Touro,

638
00:28:41,720 --> 00:28:44,600
Speaker 1: doing tasks on task grab it, or giving folks rides

639
00:28:44,840 --> 00:28:47,480
Speaker 1: as a lift driver or uber driver. Right, and even

640
00:28:47,520 --> 00:28:50,800
Speaker 1: something like shopping arbitrage where you can buy stuff on

641
00:28:50,840 --> 00:28:53,000
Speaker 1: deep discount and you can flip it. Well, that can

642
00:28:53,040 --> 00:28:56,120
Speaker 1: be great for quicker money needs. Yes, exactly, Joel. What

643
00:28:56,160 --> 00:28:57,800
Speaker 1: I mean, what's at the core of this is the

644
00:28:57,800 --> 00:29:00,440
Speaker 1: fact that it's a stop gap. These are temporary solutions.

645
00:29:00,440 --> 00:29:03,440
Speaker 1: These aren't long term fixes. You know, on the surface,

646
00:29:03,440 --> 00:29:05,160
Speaker 1: it might sound a little backwards for us to be

647
00:29:05,200 --> 00:29:07,520
Speaker 1: saying you need to focus on the big stuff, but

648
00:29:07,600 --> 00:29:09,800
Speaker 1: it's okay to use you know, lift if you want to,

649
00:29:09,840 --> 00:29:11,200
Speaker 1: you know, give a few rides and make a buck

650
00:29:11,200 --> 00:29:13,320
Speaker 1: here and there. But we understand that not everybody has

651
00:29:13,360 --> 00:29:16,200
Speaker 1: the ability to instantly start making way more money at

652
00:29:16,200 --> 00:29:18,760
Speaker 1: their day job, right, And sometimes those side hustles take

653
00:29:18,800 --> 00:29:21,280
Speaker 1: time to build, and so for a decent period of

654
00:29:21,280 --> 00:29:24,240
Speaker 1: time we might be making nothing or very little doing

655
00:29:24,280 --> 00:29:26,280
Speaker 1: a side hustle. But what we're looking at is this

656
00:29:26,640 --> 00:29:29,880
Speaker 1: long term projection, this in you know, three to four

657
00:29:29,960 --> 00:29:32,640
Speaker 1: years that's when we're able to start actually making good money.

658
00:29:33,000 --> 00:29:35,000
Speaker 1: We we've turned it from from side hustle into a

659
00:29:35,000 --> 00:29:37,240
Speaker 1: small business that actually generates income. But but for that

660
00:29:37,280 --> 00:29:39,240
Speaker 1: first year or two you might be making very little

661
00:29:39,280 --> 00:29:41,080
Speaker 1: and pouring a lot into it exactly so in those

662
00:29:41,120 --> 00:29:43,920
Speaker 1: instances you would need some of those quick fixes. And

663
00:29:44,080 --> 00:29:47,200
Speaker 1: this is one way that it doesn't exactly parallel expenses

664
00:29:47,200 --> 00:29:50,000
Speaker 1: because pretty much everyone listening to this podcast, they can

665
00:29:50,040 --> 00:29:53,120
Speaker 1: make some cuts right now, literally today, and overnight they

666
00:29:53,120 --> 00:29:55,600
Speaker 1: would be saving more at the end of the month.

667
00:29:55,960 --> 00:29:59,080
Speaker 1: But it is pretty difficult for folks to instantly start

668
00:29:59,120 --> 00:30:02,240
Speaker 1: making more money in a way that is sustainable and scalable.

669
00:30:02,480 --> 00:30:04,880
Speaker 1: And so that's why we're saying that. Sure, like we

670
00:30:04,880 --> 00:30:07,200
Speaker 1: don't want you to focus all of your attention on

671
00:30:07,280 --> 00:30:10,840
Speaker 1: these near term measures, but they're definitely okay in order

672
00:30:10,840 --> 00:30:12,240
Speaker 1: to get you to a certain point. I think the

673
00:30:12,240 --> 00:30:14,680
Speaker 1: best way to sum it up, doing something part time

674
00:30:15,160 --> 00:30:17,560
Speaker 1: short in the short term for some people probably makes

675
00:30:17,560 --> 00:30:19,040
Speaker 1: a lot of sense, but for a lot of other people,

676
00:30:19,200 --> 00:30:21,680
Speaker 1: focusing more in the long term makes more sense totally.

677
00:30:21,760 --> 00:30:23,720
Speaker 1: So let's cover some of the large impact areas to

678
00:30:23,720 --> 00:30:26,920
Speaker 1: focus our attention and creative energies. In particular for most

679
00:30:26,920 --> 00:30:30,240
Speaker 1: people with regular nine to five jobs. Uh, let's say

680
00:30:30,280 --> 00:30:33,520
Speaker 1: maybe your current job isn't paying enough. Well, the best

681
00:30:33,560 --> 00:30:36,520
Speaker 1: way to make more money at that job is to

682
00:30:36,520 --> 00:30:39,480
Speaker 1: find a new one. And that's just time and time again.

683
00:30:39,480 --> 00:30:41,320
Speaker 1: When you look at the numbers, the biggest way to

684
00:30:41,360 --> 00:30:44,520
Speaker 1: increase your income is to move to another company. Yeah,

685
00:30:44,600 --> 00:30:47,600
Speaker 1: or maybe you're even in an industry that doesn't utilize

686
00:30:47,640 --> 00:30:50,200
Speaker 1: your skills, you know, to their fullest potential. Or like

687
00:30:50,200 --> 00:30:52,600
Speaker 1: maybe you're even with a company where you see the

688
00:30:52,680 --> 00:30:54,680
Speaker 1: limiting factors of your growth and you know you're not

689
00:30:54,680 --> 00:30:58,080
Speaker 1: going to progress. It'sund update that resume and start networking.

690
00:30:58,960 --> 00:31:01,080
Speaker 1: Or you've done three and reviews in a year and

691
00:31:01,120 --> 00:31:04,160
Speaker 1: you know your kicking butt, but your boss continues to

692
00:31:04,160 --> 00:31:06,160
Speaker 1: tow the company line and say that a two percent

693
00:31:06,320 --> 00:31:08,560
Speaker 1: raise is the maximum that company is willing to offer.

694
00:31:08,560 --> 00:31:11,880
Speaker 1: And sometimes, if you're in a big bureaucratic business, that's

695
00:31:11,960 --> 00:31:15,120
Speaker 1: all they're allowed to do. And that's the time where

696
00:31:15,200 --> 00:31:17,400
Speaker 1: it probably makes a good bit of sense to update

697
00:31:17,400 --> 00:31:20,800
Speaker 1: your resume and to start tapping your network connections and

698
00:31:20,840 --> 00:31:23,320
Speaker 1: seeing what else is out there where you could dramatically

699
00:31:23,400 --> 00:31:26,360
Speaker 1: increase the amount of money you're making just by switching employers.

700
00:31:26,720 --> 00:31:29,840
Speaker 1: But maybe you actually like your job right and you

701
00:31:29,840 --> 00:31:31,320
Speaker 1: want to stay there, but you would just like to

702
00:31:31,440 --> 00:31:34,080
Speaker 1: make more money. So this is when you could ask

703
00:31:34,120 --> 00:31:36,720
Speaker 1: your employer what you could do to make more sounds

704
00:31:36,720 --> 00:31:38,440
Speaker 1: like such a simple question, like what can I do

705
00:31:38,520 --> 00:31:41,440
Speaker 1: to make more money here? Um? But then here's the

706
00:31:41,480 --> 00:31:43,560
Speaker 1: thing is that you actually have to do the thing

707
00:31:43,680 --> 00:31:45,440
Speaker 1: that they say. But in this case, you want to

708
00:31:45,480 --> 00:31:47,920
Speaker 1: focus where you already have a job. But maybe you've

709
00:31:47,920 --> 00:31:50,400
Speaker 1: had that conversation with your boss and you know you're

710
00:31:50,440 --> 00:31:52,520
Speaker 1: not getting great feedback. So in this case you could

711
00:31:52,520 --> 00:31:54,240
Speaker 1: be maybe a little more proactive and you can write

712
00:31:54,240 --> 00:31:56,600
Speaker 1: a job description for a gap that you can see

713
00:31:56,840 --> 00:31:59,200
Speaker 1: that you know you can feel. There are different ways

714
00:31:59,280 --> 00:32:01,120
Speaker 1: where you can get a head at your current employer

715
00:32:01,520 --> 00:32:04,360
Speaker 1: that don't necessarily involve switching companies. I'm also thinking back

716
00:32:04,400 --> 00:32:07,640
Speaker 1: to episode one TIN where we interviewed re meet Joel.

717
00:32:07,680 --> 00:32:10,600
Speaker 1: He had some amazing strategies when it came to negotiating

718
00:32:10,640 --> 00:32:12,480
Speaker 1: with your current employer as far as you know what

719
00:32:12,560 --> 00:32:14,560
Speaker 1: steps to take, how to go about it. If you

720
00:32:14,560 --> 00:32:16,640
Speaker 1: haven't listened to that episode, we would recommend going back

721
00:32:16,640 --> 00:32:19,200
Speaker 1: and listening to that. Yeah, and his suggestion isn't necessarily

722
00:32:19,240 --> 00:32:21,760
Speaker 1: saying can I please make more money? He really walked

723
00:32:21,880 --> 00:32:25,719
Speaker 1: people through how to present yourself, how to ask the question,

724
00:32:25,920 --> 00:32:28,880
Speaker 1: how to follow through in order to ensure that you're

725
00:32:28,920 --> 00:32:30,960
Speaker 1: not just getting that two percent raise that you're capped

726
00:32:30,960 --> 00:32:33,400
Speaker 1: at every year, but that you're able to maybe move

727
00:32:33,400 --> 00:32:36,560
Speaker 1: into a new position or you're able to find ways

728
00:32:36,800 --> 00:32:40,560
Speaker 1: to get more compensation based specifically on what you're able

729
00:32:40,600 --> 00:32:43,000
Speaker 1: to accomplish in your job. And so it doesn't have

730
00:32:43,080 --> 00:32:45,560
Speaker 1: to be leaving your job, even if you have some

731
00:32:45,640 --> 00:32:47,560
Speaker 1: of those barriers that seem to have been imposed on

732
00:32:47,600 --> 00:32:49,440
Speaker 1: you at this point. It could be just kind of

733
00:32:49,440 --> 00:32:53,360
Speaker 1: taking another approach to management and being more creative in

734
00:32:53,440 --> 00:32:56,040
Speaker 1: how you ask to be compensated. Yep. Yeah, he did

735
00:32:56,040 --> 00:32:58,480
Speaker 1: a really good job just sharing how we can communicate

736
00:32:58,520 --> 00:33:00,960
Speaker 1: our value to our employers way who I really like man,

737
00:33:01,280 --> 00:33:02,520
Speaker 1: And so, you know, like a lot of what we're

738
00:33:02,560 --> 00:33:04,160
Speaker 1: talking about here is a side hustle that sort of

739
00:33:04,240 --> 00:33:06,920
Speaker 1: round this out with maybe sort of a definition, because

740
00:33:06,960 --> 00:33:09,360
Speaker 1: there is a difference between a side hustle and part

741
00:33:09,400 --> 00:33:12,080
Speaker 1: time work. We talked about this in our side Hustles episode.

742
00:33:12,280 --> 00:33:14,560
Speaker 1: There are different definitions that folks are using. But we

743
00:33:14,600 --> 00:33:17,200
Speaker 1: want the goal and what we want to work towards

744
00:33:17,640 --> 00:33:19,920
Speaker 1: is a job or or work that we can scale

745
00:33:19,920 --> 00:33:23,680
Speaker 1: into something larger where you can actually own your own business.

746
00:33:23,720 --> 00:33:26,520
Speaker 1: So for example, like you don't want to walk dogs

747
00:33:26,560 --> 00:33:29,160
Speaker 1: on the Rover app, instead you want to quit your

748
00:33:29,160 --> 00:33:32,160
Speaker 1: own dog walking small business. There are ways that you

749
00:33:32,200 --> 00:33:34,720
Speaker 1: can do something that you enjoy or something that you

750
00:33:34,760 --> 00:33:37,320
Speaker 1: know that you're capable of doing, but you're doing it

751
00:33:37,400 --> 00:33:39,360
Speaker 1: sort of in your own ecosystem and you're running the

752
00:33:39,400 --> 00:33:43,400
Speaker 1: show versus being our participant being part of this larger system. Yeah. Man,

753
00:33:43,360 --> 00:33:45,960
Speaker 1: And we just posted an article about kind of great

754
00:33:46,000 --> 00:33:49,080
Speaker 1: freelance opportunities that are out there by our friend Taylor

755
00:33:49,360 --> 00:33:51,160
Speaker 1: on our website. And so for folks that are looking

756
00:33:51,400 --> 00:33:53,640
Speaker 1: to see, well, what skills are kind of are people

757
00:33:53,680 --> 00:33:55,760
Speaker 1: looking for and how can I go out there kind

758
00:33:55,760 --> 00:33:57,680
Speaker 1: of selling those skills? How can I go out there

759
00:33:57,720 --> 00:33:59,800
Speaker 1: starting my side hustle. I think there are just some

760
00:34:00,000 --> 00:34:02,720
Speaker 1: eight suggestions in there for specific jobs to pursue and

761
00:34:02,720 --> 00:34:05,120
Speaker 1: then the avenues to actually get going. So yeah, people

762
00:34:05,120 --> 00:34:06,880
Speaker 1: should definitely check that out on our website at how

763
00:34:06,920 --> 00:34:09,040
Speaker 1: to money dot com. But yeah, a side hustle is

764
00:34:09,080 --> 00:34:11,239
Speaker 1: different than part time work. You're trying to build something

765
00:34:11,239 --> 00:34:13,840
Speaker 1: for the long term, and ultimately it can pay huge dividends.

766
00:34:13,840 --> 00:34:15,840
Speaker 1: It can allow you the freedom to be able to

767
00:34:15,840 --> 00:34:18,760
Speaker 1: work for yourself, which is really cool. And those artificially

768
00:34:18,760 --> 00:34:21,360
Speaker 1: imposed limits that a current employer might be setting on

769
00:34:21,400 --> 00:34:23,440
Speaker 1: the amount that you can make when you work for yourself,

770
00:34:23,840 --> 00:34:26,560
Speaker 1: those don't exist. And that's what's cool. That's how you

771
00:34:26,560 --> 00:34:28,920
Speaker 1: can move the needle in this major way by earning

772
00:34:28,920 --> 00:34:31,440
Speaker 1: more if you have your own business. This guy's the

773
00:34:31,560 --> 00:34:33,840
Speaker 1: limit as opposed to those tiny raises that you're probably

774
00:34:33,840 --> 00:34:36,239
Speaker 1: typically looking at every year. So true, man, that's right,

775
00:34:36,600 --> 00:34:38,799
Speaker 1: and you know, like we've used this term before, but

776
00:34:38,880 --> 00:34:41,719
Speaker 1: let's talk about widening the gap. Right When you look

777
00:34:41,719 --> 00:34:44,400
Speaker 1: at the big picture, it's important to not only focus

778
00:34:44,480 --> 00:34:48,000
Speaker 1: on increasing just your income and to not only focus

779
00:34:48,040 --> 00:34:49,799
Speaker 1: on just getting your spending down. We need to take

780
00:34:49,800 --> 00:34:53,320
Speaker 1: a balanced approach by looking at the margin between earning

781
00:34:53,320 --> 00:34:55,680
Speaker 1: and spending. We want to focus on both and look

782
00:34:55,719 --> 00:34:59,080
Speaker 1: to increase that gap. That gap is so important and

783
00:34:59,160 --> 00:35:02,719
Speaker 1: widening that gap by addressing the big impact areas that

784
00:35:02,760 --> 00:35:04,720
Speaker 1: needs to be our top priority. We need to focus

785
00:35:04,760 --> 00:35:08,960
Speaker 1: on the in both our expenses and the eight percent

786
00:35:09,160 --> 00:35:11,239
Speaker 1: and our income. Those are the areas that we need

787
00:35:11,280 --> 00:35:14,560
Speaker 1: to devote our attention and our creativity towards. And once

788
00:35:14,640 --> 00:35:16,719
Speaker 1: we address those eight percent, then we can focus on

789
00:35:17,640 --> 00:35:20,520
Speaker 1: and we can hone and optimize and tweak. But we

790
00:35:20,600 --> 00:35:23,359
Speaker 1: don't need to do that until that eighty percent is addressed. Yeah, man,

791
00:35:23,400 --> 00:35:26,239
Speaker 1: there are too many of us that are clipping coupons,

792
00:35:26,320 --> 00:35:28,080
Speaker 1: that are looking to cut in just these small ways

793
00:35:28,080 --> 00:35:30,880
Speaker 1: around the periphery of our budget, and we haven't looked

794
00:35:31,040 --> 00:35:33,160
Speaker 1: at these bigger areas yet. We've kind of left those

795
00:35:33,160 --> 00:35:34,759
Speaker 1: on the table, and I think it's important to look

796
00:35:34,920 --> 00:35:38,880
Speaker 1: at these bigger things first. We're not here to disparage frugality,

797
00:35:39,200 --> 00:35:41,560
Speaker 1: right we we think you should find a frugal sweet

798
00:35:41,560 --> 00:35:44,240
Speaker 1: spot instead. Basically, we're here to encourage you to consider

799
00:35:44,400 --> 00:35:47,280
Speaker 1: being more frugal than you already are. But I'm sure

800
00:35:47,400 --> 00:35:49,800
Speaker 1: that most of you out there have found the frugality

801
00:35:49,920 --> 00:35:52,680
Speaker 1: only seems to get you so far. You need more help,

802
00:35:52,920 --> 00:35:55,600
Speaker 1: another boost in your ability to save. So hopefully you

803
00:35:55,640 --> 00:35:57,640
Speaker 1: can look at these larger expenses in your life and

804
00:35:57,640 --> 00:35:59,640
Speaker 1: also kind of these ways to attempt to earn more

805
00:36:00,000 --> 00:36:02,560
Speaker 1: so you can achieve your financial goals more quickly. If

806
00:36:02,600 --> 00:36:04,799
Speaker 1: we're just looking at the small stuff, we're not doing

807
00:36:04,800 --> 00:36:06,320
Speaker 1: a good enough job and we're not going to be

808
00:36:06,360 --> 00:36:08,960
Speaker 1: able to to move our finances along as quickly in

809
00:36:09,000 --> 00:36:12,040
Speaker 1: a positive directions as we probably want to. That's right, man,

810
00:36:12,200 --> 00:36:14,560
Speaker 1: let's go ahead and take it back now, shift gears

811
00:36:14,560 --> 00:36:16,680
Speaker 1: and get back to our beer. On this episode, we

812
00:36:17,120 --> 00:36:20,640
Speaker 1: each had a Hibernation ale, which is an English style

813
00:36:20,680 --> 00:36:22,719
Speaker 1: old ale. And I'll go ahead and say that the

814
00:36:23,320 --> 00:36:26,000
Speaker 1: artwork for this can I love it. Man. It's it's

815
00:36:26,040 --> 00:36:29,680
Speaker 1: like baby blue and navy and white and it is

816
00:36:29,719 --> 00:36:32,399
Speaker 1: winter all the way. Like it's got a it's got

817
00:36:32,400 --> 00:36:35,440
Speaker 1: a picture of a person cross country skiing, Yeah, exactly

818
00:36:35,480 --> 00:36:39,279
Speaker 1: across this sort of a winter mountain landscape. It speaks

819
00:36:39,320 --> 00:36:41,960
Speaker 1: of winter and you know, the holidays, like the holidays

820
00:36:41,960 --> 00:36:43,719
Speaker 1: are behind us, but still it's still cold as I'll

821
00:36:43,719 --> 00:36:45,520
Speaker 1: get out out there and we're the thick of winter

822
00:36:45,680 --> 00:36:48,160
Speaker 1: right now. Yeah, it does feel fitting, And yeah, I

823
00:36:48,200 --> 00:36:50,360
Speaker 1: love the name. Hibernation just makes me kind of like

824
00:36:50,400 --> 00:36:54,120
Speaker 1: want to curl up the fire, curl the warm blanket

825
00:36:54,120 --> 00:36:55,680
Speaker 1: and a beer in a book. Totally, this is one

826
00:36:55,719 --> 00:36:57,560
Speaker 1: of the best names, especially for this style of beer.

827
00:36:57,640 --> 00:37:01,040
Speaker 1: This this the flavors that are presented. Man, this one's perfect. Yeah.

828
00:37:01,080 --> 00:37:03,719
Speaker 1: I think old Ales don't get enough street cred. I

829
00:37:03,719 --> 00:37:05,880
Speaker 1: feel like I taste all the things I love about

830
00:37:05,880 --> 00:37:09,000
Speaker 1: winter in this glass. Kind of the spice notes. Old

831
00:37:09,000 --> 00:37:12,360
Speaker 1: Ales have like a stout tendency in some of the darker,

832
00:37:12,480 --> 00:37:15,719
Speaker 1: richer flavor profiles, but without kind of that thick mouth feel.

833
00:37:15,760 --> 00:37:18,240
Speaker 1: And so it can be like this lighter bodied version

834
00:37:18,680 --> 00:37:21,799
Speaker 1: of something that you might not enjoy necessarily if you

835
00:37:21,800 --> 00:37:24,000
Speaker 1: don't like stouts, this is something that you might want

836
00:37:24,040 --> 00:37:27,239
Speaker 1: to try. There's more spice involved. I feel like there's

837
00:37:27,239 --> 00:37:29,560
Speaker 1: like a little bit of like dark fruit kind of

838
00:37:29,560 --> 00:37:32,000
Speaker 1: somewhere hidden in this beer. And and so yeah, I

839
00:37:32,400 --> 00:37:34,680
Speaker 1: really really like this one. And it's just, again, like

840
00:37:34,680 --> 00:37:36,840
Speaker 1: I said, a style that I don't drink enough of.

841
00:37:37,280 --> 00:37:39,319
Speaker 1: It's one that I really really like and appreciate. And

842
00:37:39,320 --> 00:37:40,800
Speaker 1: not many people brew a good one, but this is

843
00:37:40,840 --> 00:37:42,480
Speaker 1: a good one. Yeah, totally. I like what you said

844
00:37:42,480 --> 00:37:44,120
Speaker 1: about the dark fruits makes me think of kind of

845
00:37:44,160 --> 00:37:47,640
Speaker 1: some dried dates or like raisins a little bit maybe big,

846
00:37:47,760 --> 00:37:50,240
Speaker 1: something like that exactly, which totally fits within the flavor

847
00:37:50,239 --> 00:37:52,840
Speaker 1: profile of this beer. It makes me think of my

848
00:37:52,840 --> 00:37:55,840
Speaker 1: my grandma, my dad's mom used to make this. I

849
00:37:55,880 --> 00:37:57,440
Speaker 1: think we call it. We just called it brown bread.

850
00:37:57,840 --> 00:38:00,960
Speaker 1: But it's this old school head that you would make

851
00:38:01,040 --> 00:38:03,560
Speaker 1: using like molasses and you put raisins in it, and

852
00:38:03,600 --> 00:38:06,120
Speaker 1: you would bake it in a coffee can, like an

853
00:38:06,160 --> 00:38:08,840
Speaker 1: old school coffee can. Really, yeah, that's cool. Yeah, this

854
00:38:08,880 --> 00:38:11,480
Speaker 1: is like Depression era baking Golden Rams. He doesn't make

855
00:38:11,520 --> 00:38:14,000
Speaker 1: stuff like that, although he probably does because it's hit.

856
00:38:14,480 --> 00:38:16,520
Speaker 1: But because you bake it in the old coffee can,

857
00:38:16,880 --> 00:38:19,000
Speaker 1: it puts lines in it because of the from the can,

858
00:38:19,040 --> 00:38:20,759
Speaker 1: you know what I'm talking about, So it comes out

859
00:38:20,760 --> 00:38:22,759
Speaker 1: as this sort of giant bullet shape with these lines

860
00:38:22,800 --> 00:38:25,560
Speaker 1: that kind of graduate up as you go. And Man,

861
00:38:25,840 --> 00:38:27,640
Speaker 1: my childhood, I remember that was that was one of

862
00:38:27,640 --> 00:38:30,760
Speaker 1: the things I loved about visiting my grandparents is brown bread.

863
00:38:31,040 --> 00:38:32,960
Speaker 1: I think everybody else hated it, but I loved it.

864
00:38:32,960 --> 00:38:34,840
Speaker 1: It was the way you're describing it, I can totally

865
00:38:34,880 --> 00:38:38,160
Speaker 1: see how this beer which flavor profile. It's totally got

866
00:38:38,160 --> 00:38:39,640
Speaker 1: those notes in it. So yeah, I need to try

867
00:38:39,680 --> 00:38:41,319
Speaker 1: brown bread, and I think it would pare perfectly with

868
00:38:41,360 --> 00:38:43,480
Speaker 1: this man Well, on the other side of my family,

869
00:38:44,040 --> 00:38:45,680
Speaker 1: I feel like this beer also has like a touch

870
00:38:45,680 --> 00:38:49,239
Speaker 1: of soy sauce. So I'm bringing in both sides of

871
00:38:49,239 --> 00:38:52,200
Speaker 1: my family, ringing in the Midwestern Americans with the Korean.

872
00:38:52,400 --> 00:38:54,759
Speaker 1: But yeah, it's sort of has this darker flavor to

873
00:38:54,840 --> 00:38:57,120
Speaker 1: it that you that you do find in soy sauce.

874
00:38:57,120 --> 00:38:59,040
Speaker 1: I don't know how else to describe it. But if

875
00:38:59,080 --> 00:39:01,040
Speaker 1: you pick one of these up, but you'll taste it too. Yeah,

876
00:39:01,120 --> 00:39:03,479
Speaker 1: you know what, And I would suggest sticking to one

877
00:39:03,760 --> 00:39:05,640
Speaker 1: because if you drink three, you definitely will fall into

878
00:39:05,640 --> 00:39:07,680
Speaker 1: a hibernation and you don't want to do that. But yeah,

879
00:39:07,719 --> 00:39:10,200
Speaker 1: this was hibernation nail by great divide. Big thanks to

880
00:39:10,200 --> 00:39:12,319
Speaker 1: our friends over there for sending this one our way.

881
00:39:12,560 --> 00:39:13,880
Speaker 1: It was a real pleasure to drink it on the

882
00:39:13,880 --> 00:39:15,799
Speaker 1: show with you today, my friend. Most definitely all right,

883
00:39:15,800 --> 00:39:18,279
Speaker 1: that's gonna be it for this episode. For everyone out

884
00:39:18,280 --> 00:39:19,960
Speaker 1: there listening, we'd love it if you would stick with

885
00:39:19,960 --> 00:39:22,400
Speaker 1: our podcast throughout this year because we've got tons of

886
00:39:22,440 --> 00:39:24,479
Speaker 1: money saving advice that we want to throw your way

887
00:39:24,640 --> 00:39:27,080
Speaker 1: in And you can check out our show notes for

888
00:39:27,120 --> 00:39:30,200
Speaker 1: this specific episode on our website at how to money

889
00:39:30,239 --> 00:39:32,080
Speaker 1: dot com. Yeah, and if you dig what you're hearing,

890
00:39:32,160 --> 00:39:33,960
Speaker 1: make sure that you hit subscribe. That way, you don't

891
00:39:34,000 --> 00:39:35,839
Speaker 1: miss an episode every time they come out. We release

892
00:39:35,920 --> 00:39:38,759
Speaker 1: one every Monday, every Wednesday, and while you're over in

893
00:39:38,800 --> 00:39:41,279
Speaker 1: Apple Podcast if you haven't already, we would love if

894
00:39:41,320 --> 00:39:43,720
Speaker 1: you were to leave us a review that helps others

895
00:39:43,800 --> 00:39:45,920
Speaker 1: to find the show who need to learn how to

896
00:39:46,000 --> 00:39:48,680
Speaker 1: handle their money better. Our buddy. Until next time, Best

897
00:39:48,719 --> 00:40:00,360
Speaker 1: Friends Out, Best Friends Out, um M