WEBVTT - Friday Flight - Exorbitant EV Charging, Interminable Trading, & Forced to Sell #918 0:00:00.040 --> 0:00:01.400 Welcome to How the Money. 0:00:01.480 --> 0:00:03.920 I'm Joel and I am Matt. 0:00:04.080 --> 0:00:08.799 Today we're talking about exorbitant ev charging, interminable training, and 0:00:08.840 --> 0:00:30.400 being forced to sell. That's right. This is our. 0:00:30.280 --> 0:00:31.360 Friday flight, Joel. 0:00:31.440 --> 0:00:34.880 This is our weekly roundup of the most relevant news 0:00:34.920 --> 0:00:37.520 stories out there, how they're going to impact your money, 0:00:37.560 --> 0:00:38.440 and what it is. 0:00:38.440 --> 0:00:39.600 That you should be doing about it. 0:00:39.960 --> 0:00:42.040 Yeah, and the man, there's a lot of stuff in 0:00:42.120 --> 0:00:44.479 the news. We're talking about the stuff that partakes your. 0:00:44.479 --> 0:00:47.680 Money right and specifically the relevant items because there's a 0:00:47.720 --> 0:00:49.360 whole lot out there that it doesn't really matter. 0:00:49.520 --> 0:00:51.320 But uh yeah, or there's just a lot of stuff 0:00:51.360 --> 0:00:53.040 that matters, but like we don't talk about it because 0:00:53.240 --> 0:00:53.599 it's just. 0:00:53.560 --> 0:00:57.680 On our radar, not in our field. Joel actually had 0:00:57.680 --> 0:00:59.680 a quick I wanted to get your opinion. What do 0:00:59.680 --> 0:01:04.759 you think about setting out milk and cookies not for Santa, 0:01:04.840 --> 0:01:10.920 but for the FedEx ups, Amazon Prime package deliverers out there. 0:01:11.000 --> 0:01:12.720 All those folks think you're on the right path, you 0:01:12.720 --> 0:01:15.880 know the but I'm talking about like this a junk 0:01:15.959 --> 0:01:18.160 milk out there for real, not like literal milk cookies. 0:01:18.160 --> 0:01:21.080 I'm talking like snacks out there for the folks who 0:01:21.120 --> 0:01:22.520 are working hard this season. 0:01:22.640 --> 0:01:23.039 I dig this. 0:01:23.120 --> 0:01:25.959 So I didn't even know this was a thing until 0:01:26.200 --> 0:01:28.360 some of my friends had, Like a I walked up 0:01:28.400 --> 0:01:31.119 to their house to snag my daughter who was hanging 0:01:31.120 --> 0:01:34.520 and playing with their daughter, and I saw this big 0:01:34.680 --> 0:01:37.160 snack pack of goodies for and it was like a 0:01:37.160 --> 0:01:39.520 little sign for delivery drivers, Hey take something, And I 0:01:39.560 --> 0:01:41.240 was like, this is brilliant. Why have I not done this? 0:01:41.319 --> 0:01:43.520 So I'm thinking of an institute that you think? 0:01:43.520 --> 0:01:44.039 So I think. 0:01:44.080 --> 0:01:45.720 So I feel like it's I think it makes sense 0:01:45.760 --> 0:01:47.120 for folks who do a whole lot of ordering. It's 0:01:47.120 --> 0:01:49.640 almost like a confession that like, yes, we live online 0:01:49.680 --> 0:01:51.600 and we purchased all of our stuff from the internet 0:01:51.880 --> 0:01:54.480 as a post, which is fine, like especially if you're looking. 0:01:54.320 --> 0:01:56.640 For the best deals and and all that. But I 0:01:56.640 --> 0:01:56.960 don't know. 0:01:57.000 --> 0:01:59.400 They also hate going into stores, which yeah, I. 0:02:00.080 --> 0:02:02.200 Do not like going into the stores, but like, I 0:02:02.200 --> 0:02:04.360 guess it's the snack part of it that also bothers me, 0:02:04.400 --> 0:02:06.520 because like I'm not a big fan of snacking throughout 0:02:06.520 --> 0:02:08.440 the day. And food is it just food that's just 0:02:08.440 --> 0:02:09.480 out there for how long? 0:02:09.800 --> 0:02:11.800 How long is that food out there just like forever? 0:02:12.400 --> 0:02:14.799 No, just for I think especially during this time of year. 0:02:14.880 --> 0:02:18.560 Think about how hard those delivery drivers are working. They're 0:02:18.600 --> 0:02:21.640 like breaking their backs to deliver packages. People probably yes, 0:02:21.680 --> 0:02:23.640 and so they probably. I think if it was me, 0:02:24.760 --> 0:02:26.520 if I was working for FedEx and I went up 0:02:26.560 --> 0:02:28.520 on that porch and I saw, you know, not the 0:02:28.560 --> 0:02:30.680 healthiest snacking the world, some pringles or something like that, 0:02:30.720 --> 0:02:32.440 but I would probably be like, oh, man, this is 0:02:32.440 --> 0:02:34.800 really cool. Even if I didn't end up taking it 0:02:34.840 --> 0:02:37.000 because I wasn't my jam, I would feel like I 0:02:37.040 --> 0:02:37.440 was thought of. 0:02:37.720 --> 0:02:40.920 Yeah, I wish there was another way to show the appreciation. 0:02:41.000 --> 0:02:42.680 I guess that's it because I think about what I 0:02:42.680 --> 0:02:44.520 if I was in their position, would I rather be 0:02:44.560 --> 0:02:47.800 snacking on pringles and slim gyms all day or. 0:02:47.760 --> 0:02:49.760 Like into a slim jam man they get. 0:02:50.120 --> 0:02:52.919 You get a lunch break and the ability to dig 0:02:52.960 --> 0:02:54.160 into some leftovers. 0:02:54.240 --> 0:02:56.280 It's hard to snack. I don't know. 0:02:56.440 --> 0:02:58.160 Now, I'm trying to picture what life is like actually 0:02:58.200 --> 0:02:59.800 driving around these trucks, and I don't know, Like, I'm 0:02:59.800 --> 0:03:01.920 sure by law they are required to have a lunch break, 0:03:02.360 --> 0:03:04.400 but I guarantee there's a lot of folks out there 0:03:04.440 --> 0:03:07.839 where their hours are pushing into the mandated lunch break. 0:03:07.880 --> 0:03:10.440 Well, some of these people are contractors and they there's 0:03:10.480 --> 0:03:12.440 probably no law. They're probably making their own hours, and 0:03:13.200 --> 0:03:15.560 they're just hustling, and they're hustling and so maybe that, yep, 0:03:15.720 --> 0:03:17.200 does provide a little bit of sustenance. 0:03:18.240 --> 0:03:19.839 But it almost makes me want to leave a tip 0:03:19.840 --> 0:03:23.400 out there though, like actual money as opposed to which. 0:03:23.280 --> 0:03:24.960 Is Food's cool idea too, if you want to go 0:03:24.960 --> 0:03:26.520 that route, it's just harder to police that. 0:03:27.080 --> 0:03:28.880 Yeah, So I don't know. 0:03:28.919 --> 0:03:31.320 I think there are ways that we can this time 0:03:31.360 --> 0:03:34.040 of year be thoughtful show appreciation. I mean it makes 0:03:34.040 --> 0:03:36.680 me think I love that front of the show. Andy Hill, 0:03:36.960 --> 0:03:40.720 who has the website podcast Marriage, Kids and Money. We've 0:03:40.760 --> 0:03:42.480 had him on the show before and he does this 0:03:42.520 --> 0:03:46.040 thing called Big Tip Tuesday, and he'll tip the guy 0:03:46.080 --> 0:03:49.839 who cuts his hair fifty bucks, or he goes out 0:03:49.840 --> 0:03:51.800 to eat at a place and that one of his 0:03:51.840 --> 0:03:55.600 favorite places, and he'll tip far above and beyond, dramatically 0:03:55.600 --> 0:03:58.240 above and beyond what he normally does. And so I 0:03:58.320 --> 0:04:01.640 just think, like that's whether we're giving to charities, that's 0:04:01.640 --> 0:04:03.680 a great thing to do with money that we have, 0:04:04.000 --> 0:04:07.040 but also like tipping and seeing the people who the 0:04:07.040 --> 0:04:09.360 service people in our lives who are doing so much 0:04:09.360 --> 0:04:11.520 for us, but it goes unrecognized so much of the time. Yeah, 0:04:11.520 --> 0:04:12.920 that's probably a good thing to keep in mind this 0:04:12.960 --> 0:04:13.320 time here. 0:04:13.360 --> 0:04:15.560 And the problem is with the delivery is oftentimes you're 0:04:15.600 --> 0:04:17.479 not there, so you don't I wouldn't have the ability 0:04:17.560 --> 0:04:19.960 to actually tip them, and it's like, all right, just 0:04:20.000 --> 0:04:22.680 take one dollar. You don't like leave a bucket of 0:04:22.680 --> 0:04:26.400 dollars there. That's not gonna happen. I will say, speaking 0:04:26.440 --> 0:04:29.440 of delivery trucks, I'm seeing more and more of the 0:04:29.680 --> 0:04:34.720 Rivian Amazon vans, which are amazing. And on that note, 0:04:34.800 --> 0:04:37.159 one of the coolest things about going from gas to 0:04:37.240 --> 0:04:40.479 electric is the money that you get to save on gasoline. 0:04:41.000 --> 0:04:42.839 Depending on how much you drive, you can truly save 0:04:42.960 --> 0:04:47.760 hundreds of dollars a month. But specifically where you charge 0:04:47.839 --> 0:04:52.400 with an EV that matters a ton. The website Autotopian 0:04:52.640 --> 0:04:55.760 they had an article about just how expensive it can be, 0:04:56.520 --> 0:04:59.279 and in their story they charged a Rivian R one 0:04:59.560 --> 0:05:02.800 s but of course this applies to other evs as well. Sorry, 0:05:02.880 --> 0:05:04.960 my dream vehicle, but if you end up at the 0:05:04.960 --> 0:05:08.200 wrong charging station, you are going to pay a ton more. 0:05:08.440 --> 0:05:10.960 You might be paying upwards of forty cents, and then 0:05:11.000 --> 0:05:12.720 I saw actually later in the story, I think in 0:05:12.960 --> 0:05:15.839 one instance out in California, somewhere in LA he was 0:05:15.839 --> 0:05:19.400 paying sixty six cents per kill a what hour to 0:05:19.440 --> 0:05:22.560 fill up his EV depending on the public charging station 0:05:22.640 --> 0:05:24.839 that you go to. He crunched the numbers into the 0:05:24.839 --> 0:05:27.039 math on the forty cents per kill kill a what hour, 0:05:27.279 --> 0:05:30.520 and that equates to only getting nineteen miles per gallon 0:05:30.920 --> 0:05:34.840 in a traditional internal combustion engine vehicle, which isn't great. 0:05:34.880 --> 0:05:36.840 There's a whole lot of vehicles out there that can 0:05:36.960 --> 0:05:40.159 get much higher than that, and so of course charging 0:05:40.160 --> 0:05:42.080 at home most of the time, that is going to 0:05:42.080 --> 0:05:44.760 be crucial if you want to actually save money by 0:05:44.880 --> 0:05:49.000 owning and driving and electric vehicle. But still, I think 0:05:49.040 --> 0:05:50.520 EV's they can be fun to drive, They can make 0:05:50.560 --> 0:05:52.440 a ton of sense for a decent chunk of the population. 0:05:52.520 --> 0:05:54.039 You just got to make sure you're on that super 0:05:54.080 --> 0:05:57.640 off peak hour plan where you're paying two cents. It's 0:05:57.640 --> 0:05:59.520 just mind blowing, like that's so where. 0:05:59.320 --> 0:06:01.080 We are copasically sixty six cents if you're at the 0:06:01.080 --> 0:06:01.800 wrong charting. 0:06:01.560 --> 0:06:03.520 Station, or or three times that. 0:06:03.800 --> 0:06:06.680 Yeah, there is such a market difference in the like, 0:06:06.760 --> 0:06:09.200 is there anything that has that wide of a disparity 0:06:09.240 --> 0:06:11.200 between like the most affordable and the most expensive? 0:06:11.240 --> 0:06:12.000 I think about that. 0:06:12.480 --> 0:06:14.440 I think there is, for like, think about bottle water. 0:06:14.480 --> 0:06:16.479 Whatch you pay when you buy a forty eight pack 0:06:16.480 --> 0:06:19.839 at Costco or something you're talking about less than twenty 0:06:19.880 --> 0:06:22.599 cents or even more affordable just it coming out of 0:06:22.600 --> 0:06:24.920 your tap, right, But I'm just saying, yeah, exactly. Like 0:06:24.920 --> 0:06:27.640 the equivalent is again, you going back home filling up 0:06:27.640 --> 0:06:29.560 your water bottle at home? How much are you paying 0:06:29.560 --> 0:06:31.880 for that as opposed to the glass bottle of you 0:06:31.920 --> 0:06:34.040 just get a bottle the nicest glacier water that you 0:06:34.080 --> 0:06:35.839 can afford, like a baseball game or something like that, 0:06:35.839 --> 0:06:37.920 think about how much it costs. Yeah, the price disparity 0:06:38.000 --> 0:06:40.120 depending on where you get the thing matters so much. 0:06:40.480 --> 0:06:43.039 And so if you're going to be filling up your 0:06:43.040 --> 0:06:47.440 ev with electricity on the go most of the time, 0:06:47.960 --> 0:06:49.560 it's not going to save you nearly as much money 0:06:49.600 --> 0:06:51.440 as you think a huge part of the savings that 0:06:51.480 --> 0:06:53.760 you that accrues to you is if you charge more 0:06:53.760 --> 0:06:55.919 at home. Makes me think one more thing, Matt, that 0:06:56.480 --> 0:06:58.680 I had a Nissan Leaf for six years that got 0:06:59.160 --> 0:07:01.480 the range was terrible. I still charge it at home 0:07:01.560 --> 0:07:03.240 ninety plus percent of the time. It went a solid 0:07:03.279 --> 0:07:06.479 fifteen miles, right, And I think everybody people when they 0:07:06.520 --> 0:07:07.880 get an EV, they think, oh, I need a level 0:07:07.880 --> 0:07:10.400 two charger, And a level two charger can be nice, 0:07:10.520 --> 0:07:12.320 but I think it's also not a necessity. So this 0:07:12.400 --> 0:07:14.360 thing's ten charge being run like five or six hundred 0:07:14.360 --> 0:07:16.800 bucks plus you might have to pay someone to install 0:07:16.840 --> 0:07:19.880 it for you. Well, you can literally trickle charge from 0:07:19.920 --> 0:07:22.960 the three prong outlet in your garage or on the 0:07:23.000 --> 0:07:26.760 side of your house, and you might find that it's 0:07:26.880 --> 0:07:29.640 unnecessary to pay for that too. So it's true. Just 0:07:29.640 --> 0:07:32.120 think about that if you're thinking about upgrading to an 0:07:32.160 --> 0:07:34.640 electric vehicle. They're great, but charging at home makes a 0:07:34.680 --> 0:07:35.119 big difference. 0:07:35.160 --> 0:07:37.880 I should have been running for Autotopian or whatever we 0:07:37.920 --> 0:07:39.840 talked about on the show. How when we rented when 0:07:39.880 --> 0:07:41.400 Kit and I rented at Tesla a couple of years 0:07:41.400 --> 0:07:43.280 ago out in Colorado. Yeah, when we flew out there 0:07:43.360 --> 0:07:45.320 and I did the math of the total that we 0:07:45.360 --> 0:07:47.320 spent with the miles that we drove that we drove 0:07:47.560 --> 0:07:50.360 and the average cost per gallon out there in Colorado 0:07:50.640 --> 0:07:53.480 and it was roughly equivalent. Yeah, that's because I was 0:07:53.520 --> 0:07:56.560 on the Tesla superchargers, which, yeah, I don't think I 0:07:56.640 --> 0:07:59.560 was paying nearly at the forty four or sixty six 0:07:59.640 --> 0:08:01.880 cents per kill a lot hour. But yeah, like when 0:08:01.880 --> 0:08:04.240 you do the math, it's easy to see how how 0:08:04.320 --> 0:08:05.920 does you can potentially end up paying. 0:08:05.760 --> 0:08:07.960 I went on the road trip, the backpacking trip with 0:08:08.000 --> 0:08:11.720 a buddy on the West Coast earlier this year, and that, yeah, 0:08:11.720 --> 0:08:15.480 filling up at the Tesla charging stations was expensive. Like 0:08:15.840 --> 0:08:18.880 it's still cheaper in California to do that than to 0:08:19.400 --> 0:08:22.640 go to the gas station, but it's not that much cheaper, 0:08:22.800 --> 0:08:24.040 whereas if you charge at home it is. 0:08:24.200 --> 0:08:25.840 That's the one downside to evs. 0:08:26.040 --> 0:08:29.120 Yeah, when you're not driving your car, mat walking, we've 0:08:29.120 --> 0:08:30.680 always suggested it given me a great way to get 0:08:30.720 --> 0:08:32.800 rid your bike. Riding your bike to either way, whatever 0:08:32.800 --> 0:08:34.599 your preference, riding your bikes can be faster. 0:08:34.400 --> 0:08:37.240 Episode number one right there, right out of money. 0:08:37.679 --> 0:08:39.320 We've been talking about it for a long time, and 0:08:39.320 --> 0:08:41.600 that's especially true right when you're taking trips in that one, 0:08:41.640 --> 0:08:44.440 two or three mile range. But it turns out to 0:08:44.520 --> 0:08:47.600 migrate shock at least most folks they actually don't want 0:08:47.600 --> 0:08:49.839 to live in a walkable neighborhood. There was some new 0:08:49.840 --> 0:08:53.400 research from Pew which found that fifty seven percent of 0:08:53.440 --> 0:08:58.280 folks prefer to live in it in the suburban sprawl right, 0:08:58.320 --> 0:09:00.480 which basically means that you need to get into a 0:09:00.520 --> 0:09:04.080 car to do anything, versus living in a neighborhood that 0:09:04.200 --> 0:09:07.719 has walkable amenities like being able to walk to your kids' school, 0:09:07.920 --> 0:09:10.960 walking to a store or a restaurant that you care about. 0:09:12.200 --> 0:09:15.240 Walkable neighborhoods are actually also more expensive to live in 0:09:15.240 --> 0:09:17.400 when you look at the numbers, largely because there are 0:09:17.520 --> 0:09:20.880 fewer of them. But if you live in a walkable area, 0:09:21.440 --> 0:09:23.679 it might allow you to ditch a car, making that 0:09:23.960 --> 0:09:25.640 trade off far less financially harmful. 0:09:25.720 --> 0:09:26.080 That's true. 0:09:26.160 --> 0:09:28.520 I was just surprised, I guess, because to me it 0:09:28.559 --> 0:09:31.360 seems so idyllic, and I have always prioritized living in 0:09:31.360 --> 0:09:34.600 walkable areas, whether it's urban or suburban. And I know 0:09:34.679 --> 0:09:37.120 that it's it's not always easy to pull that off, 0:09:37.440 --> 0:09:39.599 but I don't know. For me, it's a quality of 0:09:39.679 --> 0:09:42.160 life standpoint. I would rather live in a smaller house 0:09:42.360 --> 0:09:44.320 and live somewhere that's walkable. 0:09:44.360 --> 0:09:44.960 See, that's the problem. 0:09:45.040 --> 0:09:48.040 Is that people's that's the challenge is to say, how 0:09:48.160 --> 0:09:50.520 do I actually need all of this additional square footage? 0:09:50.520 --> 0:09:53.679 Because it's not that folks preferred to not live in 0:09:53.720 --> 0:09:56.040 a walkable neighborhood. It's that they preferred to have a 0:09:56.040 --> 0:09:58.559 little bit more space over being able to live in 0:09:58.559 --> 0:10:00.760 the walkable neighborhood. And so like that is like, that's 0:10:00.760 --> 0:10:03.560 where the bottleneck is. Is like, Okay, you say you 0:10:03.760 --> 0:10:05.560 need this more space because it's more affordable, But do 0:10:05.559 --> 0:10:08.120 you actually need more space? Could you get by in 0:10:08.160 --> 0:10:10.959 a smaller place perhaps, and then you are somewhere where 0:10:11.000 --> 0:10:13.160 that is walkable and it's not costing you more, yeah 0:10:13.320 --> 0:10:14.160 than being out in the burbs. 0:10:14.160 --> 0:10:16.000 You know, they say that cotton is the fabric of 0:10:16.000 --> 0:10:18.000 our lives. Matt, I think these are like the decisions 0:10:18.000 --> 0:10:20.160 that make up our lives. And the more we can 0:10:20.240 --> 0:10:23.520 live in a place that is a little more walkable, man, 0:10:24.240 --> 0:10:27.720 the way our lives look and what our days look like. 0:10:27.760 --> 0:10:30.320 The choices that we make tend to shift when we 0:10:30.360 --> 0:10:33.000 live in a place that's more walkable and bikable. And 0:10:33.080 --> 0:10:35.920 so yeah, don't think of it maybe just in terms 0:10:35.960 --> 0:10:38.320 of dollars and cents, although that's a really important part 0:10:38.320 --> 0:10:41.280 of the equation. But I think again, there are other 0:10:41.360 --> 0:10:43.320 potential ways to save money if you live in a 0:10:43.360 --> 0:10:47.880 more walkable place. Not for everyone, but I think I'm 0:10:47.880 --> 0:10:49.520 going to advocate it, probably till the day I die. 0:10:49.640 --> 0:10:50.559 It's true, all. 0:10:50.559 --> 0:10:53.280 Right, Coffee prices they continue to go up quickly. They 0:10:53.280 --> 0:10:56.160 have risen now to a forty seven year high. This 0:10:56.200 --> 0:10:59.959 is according to Semaphore extreme weather in Vietnam and Brizi 0:11:00.080 --> 0:11:03.320 Zill Brizil specifically where they had droughts and then a 0:11:03.320 --> 0:11:05.040 whole lot of rain, which I guess isn't. 0:11:04.800 --> 0:11:05.600 Good for the coffe. 0:11:05.679 --> 0:11:08.720 Rain. Yeah, we like washed a lot of that away. 0:11:09.320 --> 0:11:11.720 That had a lot to do with that. And you know, 0:11:11.760 --> 0:11:14.920 we're not the don't ever drink coffee out dudes. But 0:11:15.240 --> 0:11:18.320 as the price for your favorite beverage as it goes up, 0:11:18.600 --> 0:11:20.880 which it already has been and it's likely going to 0:11:20.920 --> 0:11:23.480 continue to, I think you might want to consider pivoting 0:11:23.520 --> 0:11:25.800 making more coffee at home. We're huge fans of that, 0:11:25.840 --> 0:11:28.600 because even though your one pound bag of coffee might 0:11:28.640 --> 0:11:31.960 also cost more, it's going to be vastly more affordable 0:11:32.240 --> 0:11:35.040 to diy your own coffee as opposed to going out 0:11:35.080 --> 0:11:37.240 and On that note, I'm proud to say that I 0:11:37.360 --> 0:11:40.240 recently was at Whole Foods. Recently we've been buying our 0:11:40.280 --> 0:11:44.560 fancy coffees, specifically Intelligentsia and counterculture. Those are two good ones. 0:11:44.600 --> 0:11:48.240 And last time I was there, they were on drastic sale. 0:11:48.320 --> 0:11:50.520 There you go, and so normally these these little bags 0:11:50.520 --> 0:11:52.680 of coffee and they go for like over sixteen bucks, Joel, 0:11:52.679 --> 0:11:55.320 they were like down to eleven dollars. How many would 0:11:55.360 --> 0:11:57.840 you have purchased if you saw a discount like that, 0:11:57.920 --> 0:12:01.760 I'm gonna say four about six wow, because I'm addicted 0:12:02.920 --> 0:12:03.560 to caffeine. 0:12:03.640 --> 0:12:07.000 I was gonna say our favorite beverage, bounce on man. 0:12:07.120 --> 0:12:11.800 People might assume our favorite beverage is beer o contreier coffee. 0:12:12.600 --> 0:12:14.040 It's more of a if I had to give one 0:12:14.200 --> 0:12:16.600 or the other up, I would give up beer over coffee. 0:12:16.720 --> 0:12:17.040 I would. 0:12:17.080 --> 0:12:20.440 We are drinking less these days, drink less beer. It's 0:12:20.559 --> 0:12:22.880 just good for your health, and coffee makes you a 0:12:22.920 --> 0:12:26.000 little more productive. But the extent of that discount had 0:12:26.040 --> 0:12:28.000 to do with the fact that we were Amazon Prime members, 0:12:28.080 --> 0:12:31.680 and you know, Well almost said Wells Fargo Whole Foods 0:12:31.960 --> 0:12:36.320 same abbreviation, so they have that partnership with Amazon, and 0:12:36.360 --> 0:12:38.959 you have to make sure to scan by Amazon. 0:12:39.080 --> 0:12:40.320 Oh yeah, that's right. I forget about that. 0:12:40.360 --> 0:12:42.920 But if you go to the Amazon app and swipe 0:12:42.920 --> 0:12:45.319 over to the in store purchase, I didn't realize that 0:12:45.360 --> 0:12:47.640 there is an actual item that you select and then 0:12:47.679 --> 0:12:49.559 you can scan the QR code. It took me a 0:12:49.559 --> 0:12:51.080 second to figure that out because I never go to 0:12:51.080 --> 0:12:53.320 Whole Foods, but we've only recently started going there. 0:12:53.360 --> 0:12:55.600 The Amazon's purchase of Whole Foods has been so good 0:12:55.600 --> 0:12:57.400 for pricing at Whole Foods. And I don't shop at 0:12:57.400 --> 0:13:00.160 Whole Foods almost ever, but I've been getting pizza there 0:13:00.160 --> 0:13:01.720 more often, and they've got these Friday night pizza deal 0:13:01.840 --> 0:13:03.880 let's talked about like a cheese piece of game. If 0:13:03.880 --> 0:13:07.000 you sign in or whatever, make sure to get your 0:13:07.080 --> 0:13:09.679 Amazon Prime discount. And even though I don't chop in 0:13:09.720 --> 0:13:11.480 Whole Foods much, I'm a fan. We you and I 0:13:11.480 --> 0:13:14.080 are fans of John mackew started Whole Foods. We interviewed 0:13:14.120 --> 0:13:16.959 him I don't know what, like six months ago. We'll 0:13:17.000 --> 0:13:19.280 link to that one in the show notes. Another price increase, 0:13:19.360 --> 0:13:23.360 Matt that happened just this week. YouTube tv raised its 0:13:23.400 --> 0:13:26.560 price by fourteen percent from seventy three bucks a month 0:13:26.640 --> 0:13:29.400 to eighty three dollars a month. Nobody has really been 0:13:29.440 --> 0:13:32.360 able to figure out how to make live TV work 0:13:32.480 --> 0:13:33.839 and make it less expensive. 0:13:34.480 --> 0:13:35.720 Sports are a lot of money. 0:13:35.960 --> 0:13:38.360 Sports are the main reason, the main culprit behind that, 0:13:38.760 --> 0:13:41.520 and now live sports is disseminating essentially to all the 0:13:41.600 --> 0:13:43.960 other streaming platforms too. It's in bits and chunks. So 0:13:45.000 --> 0:13:47.760 I guess the best recipe to save money on like 0:13:47.960 --> 0:13:50.400 streaming TV like that is to just not care about 0:13:50.440 --> 0:13:53.880 live TV, stop watching sports because less that's that's really 0:13:53.920 --> 0:13:56.079 the thing that's going to like smack you around from 0:13:56.120 --> 0:13:57.120 a pricing perspective. 0:13:57.200 --> 0:13:59.480 So I will say I've recently changed my tune on 0:13:59.559 --> 0:14:01.240 you know how You to Be is in particular when 0:14:01.280 --> 0:14:04.840 it comes to the ad breaks across all the different platforms. 0:14:04.880 --> 0:14:08.000 How there's the more affordable version as long as it's 0:14:08.400 --> 0:14:09.360 as long as you can you can. 0:14:09.400 --> 0:14:10.600 Get hit with the ad breaks. 0:14:10.600 --> 0:14:12.920 Well, I still hate it personally, Like if you're watching 0:14:12.920 --> 0:14:14.880 a movie, Man, I hate it if your movie is 0:14:14.880 --> 0:14:16.079 broken up by stupid commercials. 0:14:16.120 --> 0:14:18.120 It just totally like ruins it. 0:14:18.200 --> 0:14:20.800 But I'm more I don't think it ruins it, but 0:14:20.960 --> 0:14:23.400 it spoils it a little bit, but I am more 0:14:23.440 --> 0:14:24.840 open to it because, like I guess one of the 0:14:24.960 --> 0:14:28.040 arguments prior was I didn't like the fact that the 0:14:28.120 --> 0:14:30.320 kids were sitting there and they're just like, oh, they're 0:14:30.320 --> 0:14:31.800 getting they're getting. 0:14:31.560 --> 0:14:33.240 Brainwashed by the different ads. 0:14:33.280 --> 0:14:35.040 But you know what, I think, I've I'm starting to 0:14:35.080 --> 0:14:37.960 change my tune on that because when our kids like 0:14:38.080 --> 0:14:40.480 launch out and start their own lives, they're going to 0:14:40.520 --> 0:14:43.080 be exposed to advertising. I'm like, man, I grew up 0:14:43.080 --> 0:14:48.560 watching Saturday Morning Cartoons and TGIF on Fridays in the evening, 0:14:48.680 --> 0:14:52.920 watching Family Matters by step Yeah, yeah, that's that's the 0:14:53.000 --> 0:14:56.520 Panga and Corey Corey Matthews. But there's almost a sense 0:14:56.560 --> 0:14:59.960 of like inoculation and getting exposed to advertising that helps them, 0:15:00.120 --> 0:15:02.760 I think, to be like well adjusted out in the world. 0:15:02.840 --> 0:15:04.960 So all that to say, I've kind of changed my 0:15:04.960 --> 0:15:06.840 tune a little bit when it comes to kids and 0:15:06.920 --> 0:15:08.800 advertising specifically. 0:15:08.160 --> 0:15:10.080 Forcibly, make your children look at all the billboards as 0:15:10.080 --> 0:15:11.200 you're but. 0:15:11.240 --> 0:15:13.120 Like, obviously they see those out there. 0:15:13.200 --> 0:15:16.280 But I'm surprised. I'm surprised that you say that. 0:15:16.160 --> 0:15:18.840 Culture like there's a certain amount of things that they 0:15:19.080 --> 0:15:22.800 just learn from watching advertisements on TV, and they're only 0:15:22.800 --> 0:15:25.520 getting more and more and more sophisticated, like TV ads 0:15:25.520 --> 0:15:28.840 are probably the least nefarious of the types of advertising 0:15:28.880 --> 0:15:30.720 that they're going to be exposed to, so may as 0:15:30.720 --> 0:15:34.800 well kind of get their advertising booster shot a little 0:15:34.800 --> 0:15:35.520 bit while they're at home. 0:15:35.840 --> 0:15:38.360 All the data I've seen too points that the streaming 0:15:38.400 --> 0:15:42.400 providers want you to be on the ad supported version 0:15:42.480 --> 0:15:44.920 because they make more money from that you're paying us. 0:15:44.960 --> 0:15:47.320 As opposed, they make more because the ads combined with 0:15:47.320 --> 0:15:49.560 what you're paying means they're making more than the non 0:15:49.600 --> 0:15:50.840 ads supported I believe it. 0:15:51.040 --> 0:15:52.880 Joel the Wall Street Journal, they had an article about 0:15:52.920 --> 0:15:57.720 the uptick in market timing. Their thesis is that COVID 0:15:58.080 --> 0:16:01.960 that fundamentally changed the way that many folks approach their investments. 0:16:02.200 --> 0:16:07.000 Folks are treading more frequently and more inefficiently. Were of course, 0:16:07.040 --> 0:16:10.280 they're attempting to juice their returns right, They're attempting to 0:16:10.520 --> 0:16:13.040 divine where the market is headed, but then they end 0:16:13.120 --> 0:16:16.120 up costing themselves dearly. The author of the article there 0:16:16.160 --> 0:16:19.600 believed that this ill advised strategy has led to returns 0:16:19.600 --> 0:16:22.400 that are greater than half a percent lower for those 0:16:22.440 --> 0:16:25.520 investors than the otherwise would have been, which doesn't sound awful, 0:16:25.840 --> 0:16:29.080 but it is because like those less robust returns, they 0:16:29.080 --> 0:16:31.520 add up significantly over time, Like we're talking about, even 0:16:32.320 --> 0:16:34.720 with just maxing out an IRA over the course of 0:16:34.760 --> 0:16:37.800 thirty years a one percent difference, you're looking at over 0:16:37.800 --> 0:16:40.240 two hundred and fifty thousand dollars in returns at the 0:16:40.320 --> 0:16:42.880 end of that period. So just goes to show that 0:16:42.920 --> 0:16:45.480 normal humans, as it turns out, that we're not great 0:16:45.680 --> 0:16:49.360 active investors, which is why setting it and forgetting it 0:16:49.440 --> 0:16:52.960 the automatic dollar cost averaging approach and paying less attention 0:16:53.000 --> 0:16:56.760 to media and immediate results that that is so crucial. 0:16:57.240 --> 0:16:59.960 Getting that money in the market and invested is far 0:17:00.200 --> 0:17:02.920 more important than trying to get it in at the 0:17:02.960 --> 0:17:05.879 exact right moments. It's not about timing the market. It's 0:17:05.920 --> 0:17:07.520 about time in the market. 0:17:07.600 --> 0:17:10.880 Well, then you talk about the fee essentially that's being charged. 0:17:10.920 --> 0:17:13.120 This is more of like a self imposed stupid fee 0:17:13.119 --> 0:17:15.760 though than it is a fee that an advisor's charging 0:17:15.760 --> 0:17:18.040 and the advisor gives you like, oh man, you might 0:17:18.040 --> 0:17:20.320 be costing yourself a quarter of a million dollars in 0:17:20.880 --> 0:17:24.840 returns because of this self imposed fee. At least if 0:17:24.840 --> 0:17:27.240 you hire an advisor, you're getting some sort of you're 0:17:27.280 --> 0:17:30.119 getting something for your money, whereas this it's it's literally 0:17:30.119 --> 0:17:33.920