1 00:00:00,080 --> 00:00:02,720 Speaker 1: Welcome to How the Money. I'm Joel and I am that. 2 00:00:03,040 --> 00:00:06,840 Speaker 1: Today we're discussing cable comeback, Robin Hood retirement, and the 3 00:00:06,920 --> 00:00:30,080 Speaker 1: forty two billion dollar question. That's right, buddy, This is 4 00:00:30,160 --> 00:00:33,160 Speaker 1: our Friday flight. And actually, before we get to our 5 00:00:33,200 --> 00:00:36,400 Speaker 1: favorite stories from this past week, we have a little update. 6 00:00:36,880 --> 00:00:41,120 Speaker 1: So last Friday, we celebrated our six episodes, right we did. 7 00:00:41,200 --> 00:00:44,120 Speaker 1: We celebrated that by deciding to give away six hundred 8 00:00:44,120 --> 00:00:47,680 Speaker 1: dollars to our listeners. Why not? And I said six thousand, 9 00:00:47,720 --> 00:00:49,760 Speaker 1: But you said, I don't have that kind of money. 10 00:00:49,800 --> 00:00:52,880 Speaker 1: Ain't got that ft X money. But ft X doesn't 11 00:00:52,880 --> 00:00:55,319 Speaker 1: have any money anymore. They don't have money, just like us. 12 00:00:55,560 --> 00:00:58,760 Speaker 1: So the way that listeners were able to enter into 13 00:00:58,840 --> 00:01:00,920 Speaker 1: win that money, all that you needed to do was 14 00:01:00,960 --> 00:01:03,440 Speaker 1: to sign up for the How to Money newsletter. Um 15 00:01:03,560 --> 00:01:05,399 Speaker 1: and as long as you did that, you were entered 16 00:01:05,440 --> 00:01:08,720 Speaker 1: into win. And you and I we did the randomizer 17 00:01:08,800 --> 00:01:14,959 Speaker 1: and chose the top six results. And uh so, Stephen W. B. Tyler, 18 00:01:15,280 --> 00:01:19,960 Speaker 1: s Jen R. Normal Ty, Miranda Kay, and Mike E. G. 19 00:01:20,600 --> 00:01:23,240 Speaker 1: We will be reaching out to all six of you 20 00:01:23,319 --> 00:01:25,759 Speaker 1: because y'all just won a hundred bucks each. By the way, 21 00:01:25,840 --> 00:01:28,440 Speaker 1: if you forgotsh money didn't get around to it. We 22 00:01:28,480 --> 00:01:30,120 Speaker 1: had a ton of people sign up for the newsletter. 23 00:01:30,200 --> 00:01:32,039 Speaker 1: Thank you for that. But if there are folks out 24 00:01:32,040 --> 00:01:34,240 Speaker 1: there listening, they're like, I forgot and I can't win 25 00:01:34,280 --> 00:01:36,360 Speaker 1: six hundred bucks, So I'm just not going to sign 26 00:01:36,400 --> 00:01:38,720 Speaker 1: up for the newsletter. No, No, that's the exact wrong 27 00:01:38,760 --> 00:01:40,240 Speaker 1: thing to do. Well, We're gonna have more giveaways in 28 00:01:40,240 --> 00:01:42,040 Speaker 1: the future, but we'll do this again. There is a 29 00:01:42,040 --> 00:01:44,040 Speaker 1: reward just in and of itself by being a Hot 30 00:01:44,040 --> 00:01:46,959 Speaker 1: of Money newsletter subscriber. That's right, all the financial wisdom 31 00:01:47,040 --> 00:01:50,000 Speaker 1: and nuggets of information that come your way via that 32 00:01:50,000 --> 00:01:52,600 Speaker 1: newsletter every single Tuesday morning. But Joel, real quick, I 33 00:01:52,640 --> 00:01:55,000 Speaker 1: wanted to take a minute to update everybody on my 34 00:01:55,520 --> 00:01:58,560 Speaker 1: the grocery experiment that Kate and I said that we're 35 00:01:58,600 --> 00:02:02,040 Speaker 1: going to conduct. Remember this took a month off Costco, right, So, 36 00:02:02,040 --> 00:02:04,160 Speaker 1: so basically we wanted to take that month off Costco 37 00:02:04,200 --> 00:02:07,280 Speaker 1: because I noticed that ever since we started shopping primarily 38 00:02:07,320 --> 00:02:12,119 Speaker 1: at Costco for our groceries, our budget had increased significantly. 39 00:02:12,639 --> 00:02:14,320 Speaker 1: And so I talked about it with Kate and she 40 00:02:14,440 --> 00:02:17,080 Speaker 1: was totally down to conduct this little experiment, and so 41 00:02:17,120 --> 00:02:20,239 Speaker 1: we switched back to our original o G which is Aldi. 42 00:02:20,760 --> 00:02:23,520 Speaker 1: And are you ready to hear the results? I don't know. 43 00:02:23,560 --> 00:02:25,799 Speaker 1: If I want to, I might plug my ears. Dude. 44 00:02:25,800 --> 00:02:31,400 Speaker 1: Our grocery budget went down over thirty percent, Yes, over 45 00:02:32,120 --> 00:02:34,960 Speaker 1: and so weather. So Kate will argue, She's like, well, 46 00:02:35,000 --> 00:02:36,560 Speaker 1: the quality and this is one of your favorite lines. 47 00:02:36,600 --> 00:02:39,880 Speaker 1: Do like the quality is higher at Costco? And I understand. 48 00:02:39,880 --> 00:02:41,920 Speaker 1: I get that. I think there are certain things where 49 00:02:41,960 --> 00:02:44,720 Speaker 1: you are getting a superior product. But I think I 50 00:02:44,840 --> 00:02:46,640 Speaker 1: bet too. I wonder if one of the reasons is 51 00:02:46,639 --> 00:02:48,320 Speaker 1: you I wonder if you still have some things hanging 52 00:02:48,320 --> 00:02:51,880 Speaker 1: around from that Costco trip from Sometimes we took that 53 00:02:51,880 --> 00:02:53,520 Speaker 1: into account though, because Kate was just like, yeah, we 54 00:02:53,560 --> 00:02:55,080 Speaker 1: you know, we do have some frozen veggies and some 55 00:02:55,120 --> 00:02:57,919 Speaker 1: frozen meat that that we did consume in the month 56 00:02:57,960 --> 00:03:00,000 Speaker 1: of November that we purchased in October. But we based 57 00:03:00,000 --> 00:03:02,480 Speaker 1: the accounted for all of that. And even still, dude, 58 00:03:02,520 --> 00:03:06,600 Speaker 1: even still they're over And there are various reasons why 59 00:03:06,600 --> 00:03:08,320 Speaker 1: that might be the case for us, right, like whether 60 00:03:08,320 --> 00:03:10,919 Speaker 1: it's just they've got a variety of products that Aldi 61 00:03:10,960 --> 00:03:13,040 Speaker 1: doesn't carry, right, Like Aldi just has the staples I've 62 00:03:13,040 --> 00:03:15,400 Speaker 1: talked about that before and how at Costco, I'm tempted 63 00:03:15,440 --> 00:03:18,520 Speaker 1: to get the special Japanese barbecue sauce or the truffle 64 00:03:18,880 --> 00:03:21,960 Speaker 1: Hot sauce fridge they got all the sauce in our 65 00:03:21,960 --> 00:03:24,920 Speaker 1: clubhouse right now, I love putting that on the leftovers. 66 00:03:25,040 --> 00:03:26,920 Speaker 1: But I think there's an element of the fact that 67 00:03:26,960 --> 00:03:29,799 Speaker 1: everything comes in larger quantities in bulk. I think we 68 00:03:29,800 --> 00:03:32,320 Speaker 1: were just eating more. I think we were being encouraged 69 00:03:32,360 --> 00:03:35,400 Speaker 1: to consume more calories that plus, you know, I think 70 00:03:35,440 --> 00:03:38,240 Speaker 1: that we were tossing more more food away. Uh just 71 00:03:38,360 --> 00:03:40,800 Speaker 1: I think there was more waste as well. But but regardless, 72 00:03:40,840 --> 00:03:43,560 Speaker 1: I you know that this is anecdotal, this is just us. 73 00:03:43,600 --> 00:03:45,920 Speaker 1: Your mileage may vary. But I definitely wanted to share 74 00:03:45,920 --> 00:03:49,040 Speaker 1: that with listeners because hey, we do love Costco. There 75 00:03:49,080 --> 00:03:52,080 Speaker 1: are certainly benefits, but I still think if you are 76 00:03:52,160 --> 00:03:55,920 Speaker 1: looking to slash your grocery bill to the bone, I 77 00:03:56,040 --> 00:03:57,840 Speaker 1: do think that the best place to do that is 78 00:03:57,840 --> 00:03:59,320 Speaker 1: at Aldie. I think you're right. I think you're right. 79 00:03:59,360 --> 00:04:01,200 Speaker 1: I think when you're talking about how can I get 80 00:04:01,240 --> 00:04:03,920 Speaker 1: away by spending the least amount of money possible on 81 00:04:04,000 --> 00:04:07,240 Speaker 1: food while still being able to eat like decent stuff, right, 82 00:04:07,560 --> 00:04:09,520 Speaker 1: I think all the is the answer. I mean, I 83 00:04:09,520 --> 00:04:12,120 Speaker 1: think Costco takes a little more creativity and maybe a 84 00:04:12,160 --> 00:04:14,680 Speaker 1: little bit more time in the kitchen preparing the because 85 00:04:14,680 --> 00:04:16,479 Speaker 1: that's the thing too. Man, At Costco, we're buying so 86 00:04:16,600 --> 00:04:19,360 Speaker 1: much more prepared stuff like snack kind of stuff, and 87 00:04:19,440 --> 00:04:21,960 Speaker 1: that's a budget buster. Man, Yeah, for sure. So I 88 00:04:22,440 --> 00:04:25,120 Speaker 1: think Costco makes sense for a lot of people if 89 00:04:25,120 --> 00:04:26,919 Speaker 1: they're going to it, it's wide open knowing that they 90 00:04:27,000 --> 00:04:30,520 Speaker 1: might spend more money, but knowing, hey, there's a trade 91 00:04:30,520 --> 00:04:33,120 Speaker 1: off and I'm getting better quality of certain ingredients. Like, Man, 92 00:04:33,200 --> 00:04:36,359 Speaker 1: you can't compare the quality of a Costco steak to 93 00:04:36,440 --> 00:04:39,120 Speaker 1: the quality of Manality steak. Like they're different probably true, 94 00:04:39,160 --> 00:04:42,920 Speaker 1: different animals, right, like literally different animals, but with the 95 00:04:42,960 --> 00:04:44,320 Speaker 1: one you're talking about horse and the other one you 96 00:04:44,360 --> 00:04:48,080 Speaker 1: talk about the right. So um yeah, just from something 97 00:04:48,120 --> 00:04:51,279 Speaker 1: like that, you're not directly comparing apples and apples, but 98 00:04:51,600 --> 00:04:53,760 Speaker 1: if you're talking and in all these is more accessible 99 00:04:53,800 --> 00:04:55,280 Speaker 1: for a lot of people for so many reasons. There's 100 00:04:55,279 --> 00:04:59,080 Speaker 1: like smaller stores, they're closer, and you're just like talking 101 00:04:59,080 --> 00:05:02,120 Speaker 1: about less likely that your budget runs a muck because 102 00:05:02,240 --> 00:05:05,600 Speaker 1: you spent too much on Japanese Barbecusa, the ware Club. 103 00:05:05,720 --> 00:05:07,240 Speaker 1: There's all sorts of little things like that to do 104 00:05:07,360 --> 00:05:09,719 Speaker 1: peak your interest. And if you're not careful, you you 105 00:05:09,760 --> 00:05:12,680 Speaker 1: can let those I forget what they have. The CEO 106 00:05:12,760 --> 00:05:15,240 Speaker 1: refers to them. But like those things that you find 107 00:05:15,279 --> 00:05:17,320 Speaker 1: along the way, like they want to excite your interest 108 00:05:17,360 --> 00:05:20,160 Speaker 1: in Costco with the rapid turnover of products. They want 109 00:05:20,160 --> 00:05:22,640 Speaker 1: to delight you as a customer. But that can be 110 00:05:22,720 --> 00:05:25,159 Speaker 1: to the detriment of your wallet, for sure. A man. 111 00:05:25,320 --> 00:05:27,080 Speaker 1: All right, well, I wanted to quickly share that, and 112 00:05:27,120 --> 00:05:29,400 Speaker 1: again to the six winners, we will be reaching out 113 00:05:29,440 --> 00:05:31,760 Speaker 1: to you because of course we have your email since 114 00:05:31,800 --> 00:05:33,800 Speaker 1: you signed up for the newsletter. We'll be reaching out 115 00:05:33,800 --> 00:05:35,599 Speaker 1: to you to get you that money. Joel. Let's move on, man, 116 00:05:35,640 --> 00:05:37,599 Speaker 1: Let's get to our Friday flight, which is of course 117 00:05:37,760 --> 00:05:40,080 Speaker 1: a quick sampling of the stories that we found most 118 00:05:40,120 --> 00:05:43,839 Speaker 1: interesting this week. And the Times they had an article 119 00:05:43,839 --> 00:05:48,640 Speaker 1: about inflating prices of Christmas trees. Yes, inflation has made 120 00:05:48,760 --> 00:05:51,599 Speaker 1: real life Christmas trees more expensive as well, along with 121 00:05:51,640 --> 00:05:54,840 Speaker 1: everything else in your life. The average price last year 122 00:05:54,880 --> 00:05:57,919 Speaker 1: for Christmas tree with seventy bucks for alive for tree 123 00:05:58,360 --> 00:06:01,039 Speaker 1: uh this year is closer to eighty dollars. Uh. And 124 00:06:01,080 --> 00:06:03,159 Speaker 1: the best advice from the Times is to buy a 125 00:06:03,160 --> 00:06:05,680 Speaker 1: smaller tree, which I think is uh. I think that's 126 00:06:05,680 --> 00:06:08,760 Speaker 1: good advice. So go the Charlie Brown route, because yeah, 127 00:06:08,760 --> 00:06:10,440 Speaker 1: I mean prices on the six ft tree, it's gonna 128 00:06:10,440 --> 00:06:12,240 Speaker 1: be a lot less than what it'll cost you for 129 00:06:12,279 --> 00:06:14,000 Speaker 1: an eight fit tree. Back in the day, That's something 130 00:06:14,080 --> 00:06:15,440 Speaker 1: Kate and I used to do. We literally would get 131 00:06:15,480 --> 00:06:17,000 Speaker 1: the smaller tree and put it on a like a 132 00:06:17,040 --> 00:06:19,560 Speaker 1: milk crate, like on a box, elevate it and then 133 00:06:20,120 --> 00:06:21,560 Speaker 1: kind of like wrap it with the what do you 134 00:06:21,560 --> 00:06:23,960 Speaker 1: call it, tree liner or the skirt or whatever whatever 135 00:06:24,000 --> 00:06:25,960 Speaker 1: goes around at the bottom, so you get some of 136 00:06:25,960 --> 00:06:28,120 Speaker 1: that some of the actual height, but you're just not 137 00:06:28,160 --> 00:06:30,479 Speaker 1: spending at all on the actual tree. Like. But it 138 00:06:30,520 --> 00:06:33,760 Speaker 1: also pays the shop around of course. And if you 139 00:06:33,839 --> 00:06:37,400 Speaker 1: aren't massively attached to real real life Christmas, you know, 140 00:06:37,480 --> 00:06:40,159 Speaker 1: like natural Christmas trees or whatever, you might want to 141 00:06:40,160 --> 00:06:42,599 Speaker 1: look for a deal on a fake Christmas tree after 142 00:06:42,760 --> 00:06:45,160 Speaker 1: Christmas is over. For sure, you can pay for it 143 00:06:45,240 --> 00:06:46,800 Speaker 1: in less than two years. I think you paid for 144 00:06:46,880 --> 00:06:48,839 Speaker 1: years and listen two years same here. I think we 145 00:06:49,320 --> 00:06:52,279 Speaker 1: spent seventy bucks on ours or something. You've got fancy ones, 146 00:06:52,360 --> 00:06:55,520 Speaker 1: I mean, speaking of costco inflation. Was there the other 147 00:06:55,600 --> 00:06:58,360 Speaker 1: day I saw they had five artificial Christmas trees and like, okay, 148 00:06:58,480 --> 00:07:01,120 Speaker 1: got this premium ones that look very real like those 149 00:07:01,120 --> 00:07:02,640 Speaker 1: of the fantasy ones. I don't need that. Keep an 150 00:07:02,640 --> 00:07:05,960 Speaker 1: eye on those jokers if they go. I mean, because 151 00:07:06,040 --> 00:07:08,840 Speaker 1: ours isn't. So I told everybody how I removed that 152 00:07:08,839 --> 00:07:10,960 Speaker 1: bottom section. Yeah it did in order to fit our 153 00:07:11,160 --> 00:07:13,800 Speaker 1: new lower ceilings. But it doesn't sit super well in 154 00:07:13,840 --> 00:07:16,720 Speaker 1: the stand now because yeah, because it wasn't, it's not 155 00:07:16,760 --> 00:07:18,720 Speaker 1: as fat and so it leans. So so you are 156 00:07:18,720 --> 00:07:20,720 Speaker 1: in the market for one of time we actually invite 157 00:07:20,760 --> 00:07:23,280 Speaker 1: Vacember twenty six, man, that's the day to do it. Yeah, 158 00:07:23,280 --> 00:07:26,200 Speaker 1: I know. Actually, so you watch Spirited is what like 159 00:07:26,240 --> 00:07:31,960 Speaker 1: they that movie or whatever the story of referenced like 160 00:07:32,000 --> 00:07:34,880 Speaker 1: the real life Christmas Tree Guild or something like that, 161 00:07:34,920 --> 00:07:36,840 Speaker 1: and made just made me think of that movie because 162 00:07:36,880 --> 00:07:38,960 Speaker 1: like that's a pr campaign that he launched. I was like, 163 00:07:38,960 --> 00:07:41,320 Speaker 1: oh man, there's actually this real life, real life there 164 00:07:41,320 --> 00:07:44,000 Speaker 1: really is one of those. Yeah, well let's move on 165 00:07:44,040 --> 00:07:47,160 Speaker 1: at like obviously, yeah, Christmas is Christmas trees are a 166 00:07:47,200 --> 00:07:49,320 Speaker 1: little more expensive this year. Which is a problem. But 167 00:07:49,360 --> 00:07:51,280 Speaker 1: I think most people they've probably I don't know if 168 00:07:51,280 --> 00:07:52,760 Speaker 1: they haven't gotten there's yet, they're gonna give it this 169 00:07:52,840 --> 00:07:54,920 Speaker 1: week out of all likelihood. And I'm not sure if 170 00:07:54,920 --> 00:07:57,040 Speaker 1: Costco still does the live tree thing. If they do, 171 00:07:57,360 --> 00:07:59,560 Speaker 1: that's always been the cheapest place actually over the years 172 00:07:59,600 --> 00:08:01,960 Speaker 1: to get Christmas trees because they literally like don't set 173 00:08:02,000 --> 00:08:03,960 Speaker 1: them up in storage ornything. They're like handing them to 174 00:08:03,960 --> 00:08:05,920 Speaker 1: you out of the back of a truck. But let's 175 00:08:05,920 --> 00:08:07,960 Speaker 1: move on. Let's talk about savings rates, Matt, because savings 176 00:08:08,040 --> 00:08:10,640 Speaker 1: rates in the United States are plumbing, and after seeing 177 00:08:10,680 --> 00:08:16,120 Speaker 1: a massive spike in the savings rates Americans in one 178 00:08:16,920 --> 00:08:19,720 Speaker 1: October of this year, we have some new data and 179 00:08:19,840 --> 00:08:21,880 Speaker 1: it turns out savings rates dipped quite a bit to 180 00:08:21,920 --> 00:08:24,880 Speaker 1: the lowest levels actually since two thousand and five. The 181 00:08:24,960 --> 00:08:29,440 Speaker 1: average savings rate in October, when you were still shopping 182 00:08:29,480 --> 00:08:32,959 Speaker 1: at Costco, was a paltry two point three percent. That's 183 00:08:33,000 --> 00:08:36,520 Speaker 1: according to the Bureau of Economic Analysis. And basically, folks 184 00:08:36,520 --> 00:08:39,560 Speaker 1: are less interested in saving because they have and I've 185 00:08:39,800 --> 00:08:42,079 Speaker 1: never really loved this term, but they have what's known 186 00:08:42,360 --> 00:08:47,000 Speaker 1: to economists as excess savings still on hand. So Basically, 187 00:08:47,000 --> 00:08:49,960 Speaker 1: people feel like they can hit pause on saving that 188 00:08:50,040 --> 00:08:52,160 Speaker 1: money because they've still got more money in the bank 189 00:08:52,200 --> 00:08:55,640 Speaker 1: than they're used to having. So because of the lingering 190 00:08:55,720 --> 00:08:57,960 Speaker 1: stimulus checks, people like, yeah, I still got I still 191 00:08:57,960 --> 00:08:59,800 Speaker 1: got more cash on hand than I typically do, so 192 00:09:00,160 --> 00:09:02,400 Speaker 1: I can I cannot save some of the money that's 193 00:09:02,400 --> 00:09:05,040 Speaker 1: coming in, I can spend more of it. The problem is, 194 00:09:05,160 --> 00:09:07,400 Speaker 1: it's easy to get used to spending more due to 195 00:09:07,520 --> 00:09:10,120 Speaker 1: what's noticed hedonic adaptation. We get used to a certain 196 00:09:10,200 --> 00:09:14,200 Speaker 1: lifestyle and then cutting back really hurts, whereas it would 197 00:09:14,240 --> 00:09:18,560 Speaker 1: been easier if we had never experienced that inflated lifestyle 198 00:09:18,600 --> 00:09:21,000 Speaker 1: to begin with, exactly as it's tough to dial it back. 199 00:09:21,320 --> 00:09:23,800 Speaker 1: And as a recent Times headline put it, we can't 200 00:09:23,880 --> 00:09:26,240 Speaker 1: keep spending like this. And it's true, right because at 201 00:09:26,240 --> 00:09:29,959 Speaker 1: some point those excess funds, those savings, they're gonna get drained. 202 00:09:30,360 --> 00:09:33,360 Speaker 1: And you know, hopefully we have already experienced pe inflation. 203 00:09:33,720 --> 00:09:36,280 Speaker 1: But of course we would suggest that you keep your 204 00:09:36,280 --> 00:09:38,800 Speaker 1: war chest full. We want you to hold onto more 205 00:09:38,800 --> 00:09:40,520 Speaker 1: of those savings that I think a lot of folks are, 206 00:09:41,200 --> 00:09:43,880 Speaker 1: in particular as younger, younger listeners are still trying to 207 00:09:43,880 --> 00:09:45,640 Speaker 1: save up for those down payments, right Like, that's a 208 00:09:45,720 --> 00:09:48,280 Speaker 1: lot of money that they want to keep at the ready. 209 00:09:48,320 --> 00:09:50,480 Speaker 1: But basically, we also don't want you to spend all 210 00:09:50,480 --> 00:09:51,760 Speaker 1: the money because we don't want you to be like 211 00:09:51,840 --> 00:09:55,280 Speaker 1: the average American, especially if you're one of the individuals 212 00:09:55,440 --> 00:09:59,440 Speaker 1: who has seen their student loan payments paused. Just keep 213 00:09:59,440 --> 00:10:01,320 Speaker 1: in mind that they're not going to stay that way forever, 214 00:10:01,480 --> 00:10:03,880 Speaker 1: right Like, we don't want you to take your excess 215 00:10:03,920 --> 00:10:06,880 Speaker 1: savings as a chance to spend if if you're still 216 00:10:06,880 --> 00:10:08,560 Speaker 1: hanging on to some use it as a chance to 217 00:10:08,640 --> 00:10:13,520 Speaker 1: make more progress, you know, towards your financial goals. Uh. Unfortunately, 218 00:10:13,720 --> 00:10:17,240 Speaker 1: as rates on savings accounts have continued to take upwards, 219 00:10:17,480 --> 00:10:20,120 Speaker 1: it just doesn't feel nearly as much like you're you're 220 00:10:20,160 --> 00:10:22,760 Speaker 1: being penalized for holding cash anymore. At least you're getting 221 00:10:22,800 --> 00:10:26,080 Speaker 1: paid something for hanging onto that cash, Yeah, for sure. 222 00:10:26,480 --> 00:10:28,520 Speaker 1: And on that note, there was another article this week 223 00:10:28,520 --> 00:10:31,839 Speaker 1: that echoes are our sentiments on that front, and this 224 00:10:31,920 --> 00:10:33,600 Speaker 1: is this is what we referred to as the forty 225 00:10:33,600 --> 00:10:35,439 Speaker 1: two billion dollar question, because that's how actually the Wall 226 00:10:35,440 --> 00:10:38,920 Speaker 1: Street Journal referred to it this week, and that's uh, 227 00:10:38,920 --> 00:10:41,440 Speaker 1: that article was about how much money that savers left 228 00:10:41,440 --> 00:10:44,600 Speaker 1: on the table in Q three of this year by 229 00:10:44,720 --> 00:10:47,240 Speaker 1: staying with the big banks that barely pay a pittance 230 00:10:47,360 --> 00:10:50,440 Speaker 1: on interest in their savings accounts. And we're not gonna 231 00:10:50,440 --> 00:10:51,840 Speaker 1: beat the dead horse. I feel like we talked about 232 00:10:51,840 --> 00:10:54,240 Speaker 1: this a lot, but let that number sink in forty 233 00:10:54,480 --> 00:10:58,079 Speaker 1: two billion dollars just in Q three, in one quarter 234 00:10:58,280 --> 00:11:01,880 Speaker 1: that that savers lost about because they're still or earning 235 00:11:02,080 --> 00:11:03,800 Speaker 1: mind point zero one percent with one of the big 236 00:11:03,840 --> 00:11:05,719 Speaker 1: banks when they could have been earning three and a 237 00:11:05,760 --> 00:11:09,240 Speaker 1: half plus percent, right, And so inertia bias is strong. 238 00:11:09,360 --> 00:11:12,080 Speaker 1: We get it, but this is one move worth making. 239 00:11:12,080 --> 00:11:13,800 Speaker 1: You make it once and then you don't really have 240 00:11:13,840 --> 00:11:15,600 Speaker 1: to think about it again. We'll link to an article 241 00:11:15,640 --> 00:11:17,920 Speaker 1: in the show notes that will help you make that switch, 242 00:11:17,920 --> 00:11:20,160 Speaker 1: because you might be saying, like, I just don't even 243 00:11:20,200 --> 00:11:21,320 Speaker 1: know how to do this, and it sounds like a 244 00:11:21,320 --> 00:11:24,800 Speaker 1: big pain, and it sounds like it's it's gonna be 245 00:11:24,880 --> 00:11:26,480 Speaker 1: I think it's gonna be really hard. But the truth 246 00:11:26,559 --> 00:11:29,480 Speaker 1: is it's not very hard. And the benefits not just 247 00:11:29,559 --> 00:11:31,240 Speaker 1: the interest rate. There are a lot of other benefits 248 00:11:31,240 --> 00:11:34,720 Speaker 1: to banking somewhere that's other than the big banks as well, 249 00:11:34,800 --> 00:11:38,800 Speaker 1: like fewer fees, better customer service, better uh APP interface typically, 250 00:11:38,920 --> 00:11:40,800 Speaker 1: So there's there's a lot of reasons to make the switch, 251 00:11:41,080 --> 00:11:43,880 Speaker 1: and we want to help you do that with this article. Um, 252 00:11:44,040 --> 00:11:46,000 Speaker 1: if you haven't done it yet, that's right, and it's 253 00:11:46,080 --> 00:11:49,000 Speaker 1: easier than you think. So Joel in the UH in 254 00:11:49,040 --> 00:11:50,760 Speaker 1: the title of the episode, you mentioned robin Hood. I 255 00:11:50,760 --> 00:11:53,200 Speaker 1: feel like that's the name that we haven't said recently 256 00:11:53,559 --> 00:11:55,640 Speaker 1: so that everyone's like, oh, robin Hood. So we talked 257 00:11:55,679 --> 00:11:57,920 Speaker 1: about them in a while eighteen months ago, two years ago. 258 00:11:58,000 --> 00:12:00,840 Speaker 1: So listener Tyler. He actually sent us an email basically 259 00:12:00,880 --> 00:12:04,880 Speaker 1: immediately on Tuesday after an announcement from robin Hood was 260 00:12:05,040 --> 00:12:09,000 Speaker 1: made about them finally launching I ra a sh There 261 00:12:09,120 --> 00:12:11,000 Speaker 1: is currently a wait list, but it looks like this 262 00:12:11,040 --> 00:12:13,920 Speaker 1: is going to roll out to the general public come January. 263 00:12:14,080 --> 00:12:16,240 Speaker 1: And of course we've we've knocked robin Hood over the 264 00:12:16,280 --> 00:12:19,000 Speaker 1: years for not offering retirement accounts. I think that was 265 00:12:19,040 --> 00:12:21,360 Speaker 1: probably one of the biggest strikes against them. We were 266 00:12:21,400 --> 00:12:23,320 Speaker 1: like a lot of these other platforms in one is 267 00:12:23,400 --> 00:12:25,880 Speaker 1: robin Hood's competitor in a lot of ways, and we 268 00:12:25,880 --> 00:12:28,640 Speaker 1: were like, one's doing way better and they allow you 269 00:12:28,679 --> 00:12:30,960 Speaker 1: to have retirement accounts, Like, that's a way better option 270 00:12:31,040 --> 00:12:33,480 Speaker 1: because of course we want folks investing within those tax 271 00:12:33,480 --> 00:12:36,640 Speaker 1: advantaged accounts first before you invest in your robin Hood account, 272 00:12:36,640 --> 00:12:39,600 Speaker 1: which previously uh and I guess even now is just 273 00:12:39,679 --> 00:12:42,360 Speaker 1: brokerage accounts. Uh. So it was welcome news to hear 274 00:12:42,400 --> 00:12:44,679 Speaker 1: that you can now open a traditional or a roth 275 00:12:44,800 --> 00:12:47,720 Speaker 1: ira A on the platform. Plus, and here's the kicker man, 276 00:12:47,800 --> 00:12:50,800 Speaker 1: robin Hood is offering a one percent in match on 277 00:12:50,960 --> 00:12:54,480 Speaker 1: contributions that you make to your ira A on the platform. 278 00:12:54,600 --> 00:12:57,240 Speaker 1: First of its kind. It's awesome. Yet like literally nobody 279 00:12:57,240 --> 00:13:00,200 Speaker 1: else in the business is offering anything like this. So 280 00:13:00,240 --> 00:13:02,840 Speaker 1: folks are you're probably thinking, oh, Matt and Jel, they're 281 00:13:02,840 --> 00:13:05,600 Speaker 1: gonna be all about this. They completely love this right well, 282 00:13:05,800 --> 00:13:07,720 Speaker 1: because typically it's a mixed bag. You have to work 283 00:13:07,800 --> 00:13:10,000 Speaker 1: somewhere and getting your employer does the match, right, But 284 00:13:10,120 --> 00:13:12,960 Speaker 1: this is robin Hood saying no word as the brokerage, 285 00:13:12,960 --> 00:13:15,000 Speaker 1: as the company itself. They are providing the match, which 286 00:13:15,040 --> 00:13:18,000 Speaker 1: I think is awesome, and so it is a mixed 287 00:13:18,040 --> 00:13:20,120 Speaker 1: bag though, like we we love that robin Hood is 288 00:13:20,160 --> 00:13:23,160 Speaker 1: offering that match incentive, but there are some other things 289 00:13:23,160 --> 00:13:25,720 Speaker 1: you need to consider, and we would recommend for folks 290 00:13:25,760 --> 00:13:29,160 Speaker 1: to check out the f a QUES section on their website. 291 00:13:29,440 --> 00:13:30,840 Speaker 1: Will link to this in the show notes. But if 292 00:13:30,880 --> 00:13:32,920 Speaker 1: you want to keep that one percent match, there is 293 00:13:32,960 --> 00:13:36,719 Speaker 1: a five year vesting period. And also we noticed too 294 00:13:36,720 --> 00:13:39,320 Speaker 1: there is an outgoing transfer fee of a hundred bucks, 295 00:13:39,760 --> 00:13:42,280 Speaker 1: which is pretty steep. It's worth noting that our favorite, 296 00:13:42,280 --> 00:13:46,200 Speaker 1: our very favorite brokerage houses, UH Fidelity and Vanguard neither 297 00:13:46,240 --> 00:13:49,400 Speaker 1: one of them charging anything in order to transfer funds 298 00:13:49,400 --> 00:13:51,840 Speaker 1: out of an zero versus a hundred. That's a big deal. 299 00:13:52,400 --> 00:13:55,199 Speaker 1: It sounds really nice. But yeah, you might be handcuffed 300 00:13:55,320 --> 00:13:58,200 Speaker 1: to Robin Hood, which may not be the worst thing 301 00:13:58,240 --> 00:14:00,560 Speaker 1: in the world though, right like, because I mean, I say, 302 00:14:00,600 --> 00:14:02,199 Speaker 1: like it almost feels like Robin Hood, like that they're 303 00:14:02,200 --> 00:14:04,120 Speaker 1: starting to live up their name a little bit, right 304 00:14:04,160 --> 00:14:07,240 Speaker 1: because by encouraging investors to stick with them for that 305 00:14:07,280 --> 00:14:10,800 Speaker 1: five year investing period, essentially not only are they encouraging 306 00:14:11,240 --> 00:14:13,920 Speaker 1: investors to stay with them, but they're encouraging investors to 307 00:14:14,000 --> 00:14:16,480 Speaker 1: not touch money that should be invested for the long term. 308 00:14:16,640 --> 00:14:18,680 Speaker 1: Right and so, as opposed to before, it seems more 309 00:14:18,720 --> 00:14:22,880 Speaker 1: self interested than than an attempt to help people. Actually say, 310 00:14:23,440 --> 00:14:25,200 Speaker 1: but if it's win win. I don't. I don't see 311 00:14:25,240 --> 00:14:26,960 Speaker 1: the harm in that, right, and if I can get 312 00:14:26,960 --> 00:14:29,320 Speaker 1: on there as someone who has been self employed virtually 313 00:14:29,360 --> 00:14:32,880 Speaker 1: my entire life, where I have never experienced a company massage, 314 00:14:33,880 --> 00:14:36,320 Speaker 1: literally this is I mean, we were able to provide 315 00:14:36,720 --> 00:14:40,440 Speaker 1: ourselves a match you and I as business owners, but exactly, 316 00:14:40,440 --> 00:14:42,320 Speaker 1: but for it to feel like it's something that you're 317 00:14:42,360 --> 00:14:45,920 Speaker 1: getting completely free, I'm actually really stinking bullish on this. 318 00:14:45,920 --> 00:14:47,960 Speaker 1: I'm pretty excited about it, and I'll be looking into 319 00:14:48,000 --> 00:14:50,040 Speaker 1: it and keeping folks posted if I do end up 320 00:14:50,080 --> 00:14:51,480 Speaker 1: doing that, because I mean I think I will, I 321 00:14:51,480 --> 00:14:53,560 Speaker 1: really do, and I don't. I think a lot of 322 00:14:53,560 --> 00:14:55,920 Speaker 1: folks are also saying, dude, it's just one percent. But 323 00:14:56,040 --> 00:14:58,800 Speaker 1: imagine like basically what I think what robin Hood is 324 00:14:58,840 --> 00:15:01,440 Speaker 1: doing here, Like they're essentially forcing a one percent fee 325 00:15:02,080 --> 00:15:04,360 Speaker 1: on everybody else. It's almost as if you're four one 326 00:15:04,440 --> 00:15:06,160 Speaker 1: k because if I can get Voo, which you can, 327 00:15:06,240 --> 00:15:08,040 Speaker 1: you can get Vanguard e t s. You know, on 328 00:15:08,200 --> 00:15:12,000 Speaker 1: the robin Hood platform, by going with robin Hood instead 329 00:15:12,000 --> 00:15:14,680 Speaker 1: of even through Vanguard. By robin Hood offering that one percent, 330 00:15:14,720 --> 00:15:18,080 Speaker 1: it's it's almost as if Vanguard, if they instituted a 331 00:15:18,080 --> 00:15:21,560 Speaker 1: one percent expense ratio or something like that. And so 332 00:15:21,600 --> 00:15:24,000 Speaker 1: while it doesn't sound like a lot of money, those 333 00:15:24,120 --> 00:15:25,960 Speaker 1: you know that that one percent it adds up over time. 334 00:15:25,960 --> 00:15:28,600 Speaker 1: And I always said it's not meaningless. Right when you 335 00:15:28,640 --> 00:15:31,200 Speaker 1: bump up your four ok contribution by one percent, that 336 00:15:31,360 --> 00:15:33,680 Speaker 1: matters over the long haul. And so if you're this 337 00:15:33,720 --> 00:15:37,640 Speaker 1: holiday season, you're thinking, Okay, I have more money on 338 00:15:37,680 --> 00:15:38,760 Speaker 1: hand than I thought I was going to have, and 339 00:15:38,800 --> 00:15:40,400 Speaker 1: you bump that up, that's a big deal, Like that's 340 00:15:40,440 --> 00:15:42,520 Speaker 1: something worth worthy of praises. So I think you're right, Like, 341 00:15:42,560 --> 00:15:44,880 Speaker 1: I don't want to compounds over time, but I also 342 00:15:44,880 --> 00:15:47,240 Speaker 1: want to make sure that Robin hood is going to 343 00:15:47,520 --> 00:15:51,040 Speaker 1: do right by investors, because yeah, I'm not sure hopefully 344 00:15:51,080 --> 00:15:52,880 Speaker 1: they do right. Like, yeah, they haven't been around as 345 00:15:52,920 --> 00:15:55,080 Speaker 1: long as Vanguard or Fidelity. Then they've been around for like, 346 00:15:55,120 --> 00:15:57,200 Speaker 1: you know, a hundred a long time. I don't know 347 00:15:57,200 --> 00:15:59,440 Speaker 1: if the hundred years yet, but Robin Hoods, I mean, 348 00:15:59,440 --> 00:16:00,600 Speaker 1: I think they've been a on for close to a 349 00:16:00,640 --> 00:16:03,000 Speaker 1: decade now. They're not like a new fintech start up 350 00:16:03,080 --> 00:16:06,440 Speaker 1: where they also haven't septation in that decade's and so 351 00:16:06,600 --> 00:16:08,080 Speaker 1: I'm not sure if I'm willing to give up the 352 00:16:08,080 --> 00:16:09,600 Speaker 1: burden the hand that is one of these low cost 353 00:16:09,600 --> 00:16:13,080 Speaker 1: brograges that we love to head over to robin Hood 354 00:16:13,200 --> 00:16:15,360 Speaker 1: for this match. But I will say, like, if you 355 00:16:15,520 --> 00:16:19,560 Speaker 1: haven't started contributing to Traditional or roth Ira yet and 356 00:16:19,600 --> 00:16:22,400 Speaker 1: this match, this incentive actually gets you to do that. 357 00:16:22,440 --> 00:16:25,000 Speaker 1: If this is the behavioral kicking the pants, you know 358 00:16:25,080 --> 00:16:27,320 Speaker 1: that that pushes you in that direction. I think that's great. 359 00:16:27,640 --> 00:16:31,800 Speaker 1: And I'm not gonna disswage people from doing business with 360 00:16:31,880 --> 00:16:33,800 Speaker 1: robin Hood. I just don't know if I'm gonna migrate 361 00:16:33,840 --> 00:16:35,720 Speaker 1: over there just for this fair enough, But yeah, we'll 362 00:16:35,720 --> 00:16:38,440 Speaker 1: see more, especially as the rollout continues to happen. Right 363 00:16:38,440 --> 00:16:40,600 Speaker 1: now there's I think I I signed up to be 364 00:16:40,600 --> 00:16:41,960 Speaker 1: on the wait list just to check it out, and 365 00:16:42,000 --> 00:16:45,720 Speaker 1: I think I'm four and people behind. So it'll be 366 00:16:45,760 --> 00:16:48,200 Speaker 1: a minute. But while we're talking about Iras, Matt, I 367 00:16:48,200 --> 00:16:50,960 Speaker 1: just wanted to mention too that the roth Ira we 368 00:16:51,160 --> 00:16:53,440 Speaker 1: robin Hood offers the Traditional and the roth just like 369 00:16:53,760 --> 00:16:57,640 Speaker 1: just like most of these brokerage companies that we talked about, 370 00:16:57,680 --> 00:17:00,160 Speaker 1: just like vanguardien Fidela, you can do either one with 371 00:17:00,160 --> 00:17:02,160 Speaker 1: with both of them, or with Schwab or within one, 372 00:17:02,200 --> 00:17:05,680 Speaker 1: which is great But there's so many reasons that we've 373 00:17:05,720 --> 00:17:08,520 Speaker 1: talked about ad nauseum on this show over the years 374 00:17:08,720 --> 00:17:11,400 Speaker 1: about why you should opt for why so many people 375 00:17:11,400 --> 00:17:14,400 Speaker 1: should not for a wrath over a traditional ira that 376 00:17:14,440 --> 00:17:16,400 Speaker 1: you know, the fact that tax rates are historically low 377 00:17:16,440 --> 00:17:18,600 Speaker 1: and set to go up, you know at the the 378 00:17:18,640 --> 00:17:21,960 Speaker 1: expiration of the Tax Cuts and Job Act. That's a 379 00:17:22,000 --> 00:17:24,000 Speaker 1: solid reason to contribute more to your wrath instead of 380 00:17:24,000 --> 00:17:27,120 Speaker 1: a traditional you know, the flexibility of that particular account 381 00:17:27,320 --> 00:17:30,959 Speaker 1: is another reason. But a third is that roth iras 382 00:17:31,040 --> 00:17:34,680 Speaker 1: do not force you to take required minimum distributions and 383 00:17:34,760 --> 00:17:36,639 Speaker 1: those r m d s. Yeah, I know most of 384 00:17:36,720 --> 00:17:39,600 Speaker 1: us were trying to visualize our future self and that's 385 00:17:39,640 --> 00:17:42,240 Speaker 1: actually helping us save more in the here and now 386 00:17:42,359 --> 00:17:45,480 Speaker 1: for our futures. Identify with sixty five year old Matt 387 00:17:45,480 --> 00:17:48,040 Speaker 1: and Joel, Right, we want to like kind of realize, wait, 388 00:17:48,040 --> 00:17:49,639 Speaker 1: we want to be well taken care of at that 389 00:17:49,720 --> 00:17:53,199 Speaker 1: age and and we want the more financial flexibility. But 390 00:17:54,080 --> 00:17:57,720 Speaker 1: require minimum distributions can really have a major impact on 391 00:17:57,800 --> 00:18:01,879 Speaker 1: your tax liability and retirements. And so yeah, if it 392 00:18:01,920 --> 00:18:03,560 Speaker 1: will link to an article that will kind of help 393 00:18:03,600 --> 00:18:06,800 Speaker 1: you see just how bad it can yet. But yeah, 394 00:18:06,840 --> 00:18:09,639 Speaker 1: for most folks, not all, but for most, prioritizing a 395 00:18:09,760 --> 00:18:11,800 Speaker 1: roth ira is going to be the best way to 396 00:18:11,840 --> 00:18:15,480 Speaker 1: optimize your retirement contributions, allowing you the most flexibility throughout 397 00:18:15,480 --> 00:18:18,080 Speaker 1: the years. That's right, man, We've got several other stories 398 00:18:18,080 --> 00:18:20,040 Speaker 1: that we're gonna get to here right after the break, 399 00:18:20,080 --> 00:18:23,639 Speaker 1: including that cable comeback story. Looking forward to that right 400 00:18:23,680 --> 00:18:35,679 Speaker 1: after this. All right, the Friday flight continues, and of 401 00:18:35,720 --> 00:18:37,440 Speaker 1: course we always are. Right for the break, we have 402 00:18:37,480 --> 00:18:39,959 Speaker 1: to get to our ludicrous headline of the week, and 403 00:18:40,080 --> 00:18:42,040 Speaker 1: this one comes from the Washington Post, Matt, and this 404 00:18:42,080 --> 00:18:44,320 Speaker 1: one it's a curveball. Okay, I'm not gonna lie. It's 405 00:18:44,359 --> 00:18:48,080 Speaker 1: it's not typically like what we talked about. This isn't 406 00:18:48,240 --> 00:18:51,560 Speaker 1: quite as much personal finance as it is. Just literally 407 00:18:51,560 --> 00:18:55,320 Speaker 1: a ludicrous headline and definitely definitely ludicrous. Alright, So here's 408 00:18:55,320 --> 00:18:57,160 Speaker 1: how it reads. It says her mac and cheese took 409 00:18:57,200 --> 00:19:00,119 Speaker 1: more than three and a half minutes to make. She's suing, 410 00:19:00,800 --> 00:19:04,600 Speaker 1: and yeah, like, it just struck me as cringeworthy when 411 00:19:04,640 --> 00:19:07,399 Speaker 1: I read it, And to me, it just speaks to 412 00:19:07,920 --> 00:19:10,840 Speaker 1: how lititious we've gotten as a society, which actually costs 413 00:19:10,840 --> 00:19:12,159 Speaker 1: all of us more money. So I guess in some 414 00:19:12,200 --> 00:19:14,520 Speaker 1: ways it is kind of a personal finance thing. Like 415 00:19:14,920 --> 00:19:19,159 Speaker 1: these this these lawsuits that they they are going to 416 00:19:20,040 --> 00:19:23,800 Speaker 1: mean that Velvita now has to pay their lawyers. They 417 00:19:23,840 --> 00:19:26,720 Speaker 1: got a lawyer up in order to defend their reputation. 418 00:19:26,760 --> 00:19:29,560 Speaker 1: And basically what this this woman is alleging, and she's 419 00:19:29,560 --> 00:19:32,240 Speaker 1: saying that the Velvita mac and cheese carton takes it 420 00:19:32,280 --> 00:19:34,040 Speaker 1: says it takes three and a half minutes to make, 421 00:19:34,280 --> 00:19:36,840 Speaker 1: but that's just how much time it takes in the microwave. 422 00:19:37,040 --> 00:19:38,640 Speaker 1: She's got to take the lid off at the water 423 00:19:38,760 --> 00:19:40,840 Speaker 1: stern cheese. It just made me feel like we're living 424 00:19:40,840 --> 00:19:42,920 Speaker 1: in odd times. I don't like to see stuff like this, 425 00:19:43,240 --> 00:19:46,600 Speaker 1: and you know, I false advertising is a problem, and 426 00:19:46,600 --> 00:19:50,119 Speaker 1: it needs to be sure. Sometimes lawsuits need to happen 427 00:19:50,160 --> 00:19:53,159 Speaker 1: in order to curb bad company behavior. This feels like 428 00:19:53,160 --> 00:19:55,280 Speaker 1: one of those frivolous things that's just kind of frustrating 429 00:19:55,320 --> 00:19:57,320 Speaker 1: to read. It seems pretty done. Yeah, that's exactly whether 430 00:19:57,440 --> 00:19:59,160 Speaker 1: what the case that they're trying to make. They're like, no, 431 00:19:59,280 --> 00:20:02,160 Speaker 1: it doesn't matter how ridiculous, Like this is false advertising 432 00:20:02,320 --> 00:20:03,959 Speaker 1: and and so there's like a part of me that 433 00:20:04,119 --> 00:20:06,680 Speaker 1: kind of understands where they're coming from. Like, so it 434 00:20:06,920 --> 00:20:09,800 Speaker 1: actually it makes me think of as a kid, I 435 00:20:09,840 --> 00:20:12,280 Speaker 1: would open the paintry and there's a box of ice 436 00:20:12,320 --> 00:20:15,480 Speaker 1: cream cones, right, like of sugar cones, And I would 437 00:20:15,520 --> 00:20:17,639 Speaker 1: always open the box because it had a picture of 438 00:20:17,840 --> 00:20:20,000 Speaker 1: an ice cream cone with ice cream in it. And 439 00:20:20,040 --> 00:20:22,280 Speaker 1: I would open always open the box as a you know, 440 00:20:22,400 --> 00:20:25,359 Speaker 1: dumb little kid, thinking that there might be ice cream 441 00:20:25,359 --> 00:20:27,400 Speaker 1: in there. And I would actually do it multiple times, 442 00:20:27,680 --> 00:20:30,320 Speaker 1: just hoping that the results were gonna change magically somehow. 443 00:20:30,800 --> 00:20:32,439 Speaker 1: Uh And so yeah, a part of me gets the 444 00:20:32,440 --> 00:20:34,920 Speaker 1: whole false advertising thing, but again I was a dumb 445 00:20:34,920 --> 00:20:38,440 Speaker 1: little five year old and so as uh an adult, 446 00:20:38,480 --> 00:20:41,960 Speaker 1: I think Amanda Ramirez maybe just think if if she 447 00:20:42,040 --> 00:20:43,840 Speaker 1: spent her time in better ways that would be more 448 00:20:43,880 --> 00:20:46,280 Speaker 1: productive for society, if she, you know, maybe focused on 449 00:20:46,320 --> 00:20:49,840 Speaker 1: her personal finances instead of taking vil Vita or craft 450 00:20:49,920 --> 00:20:52,880 Speaker 1: or whoever the court right Yeah, now it's I mean, 451 00:20:52,880 --> 00:20:56,159 Speaker 1: I don't like seeing it. And fortunately your five year 452 00:20:56,200 --> 00:20:58,360 Speaker 1: old self didn't end up suing the ice cream cone. 453 00:20:58,359 --> 00:20:59,840 Speaker 1: I had better things to do with my time. But 454 00:21:00,000 --> 00:21:01,480 Speaker 1: think about how much how wealthy you be if you 455 00:21:01,520 --> 00:21:05,440 Speaker 1: had uh yeah, plus Bill, I mean mac like mac 456 00:21:05,440 --> 00:21:06,960 Speaker 1: and cheese that comes in a box or comes in 457 00:21:07,000 --> 00:21:09,600 Speaker 1: a cup like that, I'm not going to touch that stuff. Sorry, 458 00:21:09,640 --> 00:21:13,080 Speaker 1: even if they do fix growth out marketing, just watching 459 00:21:13,080 --> 00:21:16,000 Speaker 1: their commercials and the liquid gold stuff, I'm sorry, it's 460 00:21:16,040 --> 00:21:19,760 Speaker 1: not for me. Not not good. But moving on. So 461 00:21:19,800 --> 00:21:23,119 Speaker 1: a while back, we did an entire episode about streaming 462 00:21:23,400 --> 00:21:25,480 Speaker 1: and how it is that you can curb your bill. 463 00:21:26,000 --> 00:21:28,080 Speaker 1: One of our major suggestions actually was to watch less 464 00:21:28,080 --> 00:21:31,680 Speaker 1: content in general, right because a cadre of streaming bills 465 00:21:31,720 --> 00:21:35,480 Speaker 1: can quickly add up, and as more and more streaming 466 00:21:35,520 --> 00:21:38,120 Speaker 1: services have launched over the past couple of years in particular, 467 00:21:38,160 --> 00:21:41,119 Speaker 1: there's just the potential for your bill to get really 468 00:21:41,160 --> 00:21:44,080 Speaker 1: out of hand, so much so that the folks over 469 00:21:44,119 --> 00:21:48,560 Speaker 1: at c net they wrote an article about how traditional cable, 470 00:21:49,000 --> 00:21:51,640 Speaker 1: how it's not nearly as terrible of a deal as 471 00:21:51,680 --> 00:21:54,680 Speaker 1: it used to be. The average cost for basic cable 472 00:21:54,720 --> 00:21:58,800 Speaker 1: plus internet these days is eight dollars, and they found 473 00:21:58,800 --> 00:22:02,120 Speaker 1: that the average cost of live TV streaming plus internet 474 00:22:02,400 --> 00:22:05,160 Speaker 1: for those who cut the chord, for those who cut cable, 475 00:22:05,359 --> 00:22:08,720 Speaker 1: it's actually a hundred and twenty dollars. That's pretty damn close, 476 00:22:08,880 --> 00:22:11,200 Speaker 1: like so close. The horse race on her hands. Yeah. Yeah, 477 00:22:11,240 --> 00:22:13,639 Speaker 1: that like we think it is worth revisiting. That's why 478 00:22:13,680 --> 00:22:15,440 Speaker 1: we're talking about Yeah, I mean it certainly feels like 479 00:22:15,840 --> 00:22:17,720 Speaker 1: has a point here, right because cutting the chord it 480 00:22:17,800 --> 00:22:19,399 Speaker 1: used to be the obvious way to save Like, I 481 00:22:19,520 --> 00:22:21,280 Speaker 1: kind of got tired of hearing it from personal finance 482 00:22:21,280 --> 00:22:24,080 Speaker 1: experts because it's like, duh, yeah, I know that's it 483 00:22:24,320 --> 00:22:27,040 Speaker 1: became ubiquitous and everybody knew that the way to save 484 00:22:27,119 --> 00:22:30,000 Speaker 1: money every single month on you know what they watched 485 00:22:30,160 --> 00:22:33,840 Speaker 1: was to cut the chord and ditch cable. But the 486 00:22:33,840 --> 00:22:35,760 Speaker 1: opposite might be true now, which is crazy because if 487 00:22:35,760 --> 00:22:38,399 Speaker 1: you're paying for one of those live streaming services, but 488 00:22:38,400 --> 00:22:41,200 Speaker 1: you're also subscribed to a whole bunch of other streaming 489 00:22:41,240 --> 00:22:43,680 Speaker 1: services too, there's a chance that you might be paying 490 00:22:43,840 --> 00:22:45,800 Speaker 1: more now than you used to pay for your old 491 00:22:45,840 --> 00:22:48,560 Speaker 1: Internet and cable bundles. And I doubt that there's going 492 00:22:48,600 --> 00:22:51,240 Speaker 1: to be this mass exodus map from streaming back to cable, 493 00:22:51,600 --> 00:22:54,719 Speaker 1: partly because we all got used to no commercials. But 494 00:22:55,040 --> 00:22:57,440 Speaker 1: it's at least worth doing the math and considering if 495 00:22:57,440 --> 00:23:00,520 Speaker 1: you're a heavy TV watcher, especially for sports, especially for 496 00:23:00,560 --> 00:23:02,840 Speaker 1: live sports, it feels, oh yeah, I still can't believe 497 00:23:02,840 --> 00:23:04,800 Speaker 1: I'm saying this, but cable might make more sense for you. 498 00:23:05,400 --> 00:23:09,879 Speaker 1: Foobo TV, they're monthly. It's so expensive, like yeah, it's 499 00:23:09,920 --> 00:23:13,320 Speaker 1: like seventy like maybe sevent it might be eighty bucks. 500 00:23:13,320 --> 00:23:15,320 Speaker 1: And I mean same thing with like YouTube. You've gotta 501 00:23:15,359 --> 00:23:18,320 Speaker 1: buy internet on top of that standalone internet. It's really expensive. Yea. 502 00:23:18,640 --> 00:23:22,800 Speaker 1: So again, watching less TV overall leads to spending less. 503 00:23:22,840 --> 00:23:25,280 Speaker 1: But cable might be the better solution. It's just it's 504 00:23:25,280 --> 00:23:27,760 Speaker 1: worth shopping around packages. If you're saying, man, my streaming 505 00:23:27,760 --> 00:23:30,760 Speaker 1: bill has gotten out of control, it might. I don't know. 506 00:23:30,840 --> 00:23:33,439 Speaker 1: This could be the best most effective financial solution for 507 00:23:33,480 --> 00:23:35,960 Speaker 1: you to move back to cable if that suits your lifestyle, 508 00:23:35,960 --> 00:23:37,879 Speaker 1: If that suits you're watching habits, and if it's going 509 00:23:37,960 --> 00:23:41,240 Speaker 1: to suit your budget better, that's right, man, let's keep moving. 510 00:23:41,359 --> 00:23:44,960 Speaker 1: So we've never loved the credit scoring models, right like, 511 00:23:45,000 --> 00:23:47,560 Speaker 1: so the major credit bureaus, for the most part, they're 512 00:23:47,560 --> 00:23:50,240 Speaker 1: not very good at their jobs. Errors are rife, and 513 00:23:50,320 --> 00:23:53,960 Speaker 1: they hardly ever respond to please for help in a 514 00:23:54,080 --> 00:23:57,440 Speaker 1: timely or an effective manner. If you fill out a complaint, 515 00:23:57,520 --> 00:24:00,240 Speaker 1: they usually just don't respond. That's how they like stone. 516 00:24:00,240 --> 00:24:02,000 Speaker 1: While you maybe we'll get back to you next year. 517 00:24:02,800 --> 00:24:05,479 Speaker 1: But still it's necessary to keep a watchful eye on 518 00:24:05,560 --> 00:24:08,800 Speaker 1: your score. Uh, It's important to seek to improve your score. 519 00:24:09,160 --> 00:24:11,280 Speaker 1: It's basically, it's just like a crappy game that we're 520 00:24:11,320 --> 00:24:14,040 Speaker 1: all basically forced to play. Well. Credit scores are under 521 00:24:14,040 --> 00:24:18,439 Speaker 1: fire again, but this time because of identity theft claims 522 00:24:18,720 --> 00:24:22,040 Speaker 1: from individuals that actually might not be true. The Journal 523 00:24:22,080 --> 00:24:25,440 Speaker 1: wrote a story about how more Americans are hiring third 524 00:24:25,440 --> 00:24:29,560 Speaker 1: party companies to help challenge negative information on their credit reports. 525 00:24:29,600 --> 00:24:33,920 Speaker 1: But many of those companies are also challenging actual legitimate 526 00:24:34,000 --> 00:24:37,440 Speaker 1: debts as well. And so while you know, for the 527 00:24:37,480 --> 00:24:40,320 Speaker 1: most part, I feel like the credit beers are crap, right, 528 00:24:40,320 --> 00:24:42,400 Speaker 1: but but many of these credit repairer companies are are 529 00:24:42,440 --> 00:24:44,880 Speaker 1: actually worse than their horse race. This is a horse 530 00:24:45,000 --> 00:24:47,960 Speaker 1: race or yeah, which which one sucks the most? Uh? 531 00:24:48,000 --> 00:24:49,760 Speaker 1: And so what we would recommend is just to not 532 00:24:49,840 --> 00:24:52,239 Speaker 1: ever pay one of these companies to challenge something on 533 00:24:52,320 --> 00:24:55,240 Speaker 1: your credit credit report. For you, if you think that 534 00:24:55,280 --> 00:24:57,600 Speaker 1: you've been a victim of ID theft, we would recommend 535 00:24:57,600 --> 00:24:59,760 Speaker 1: that you go straight to first of all, like your bank, 536 00:24:59,800 --> 00:25:03,160 Speaker 1: but in you can finally complain at identity theft dot GOV. 537 00:25:03,560 --> 00:25:06,159 Speaker 1: But there's there's rarely anything that these companies can do 538 00:25:06,200 --> 00:25:09,040 Speaker 1: that you can't do yourself. And it seems that I 539 00:25:09,040 --> 00:25:11,040 Speaker 1: don't know, maybe some of these individuals, some of these 540 00:25:11,040 --> 00:25:13,159 Speaker 1: folks out there, maybe they're kind of like hiring these 541 00:25:13,160 --> 00:25:16,119 Speaker 1: companies thinking that they've got like some sort of magic sauce, 542 00:25:16,240 --> 00:25:19,280 Speaker 1: some sort of special algorithm, uh, when in reality, what 543 00:25:19,320 --> 00:25:21,840 Speaker 1: they're doing, they're just bombarding the credit carrows. It's almost 544 00:25:21,840 --> 00:25:25,240 Speaker 1: like a brute force attack on a website, website nursery 545 00:25:25,320 --> 00:25:28,480 Speaker 1: for you. And then and then some of that's slipping 546 00:25:28,520 --> 00:25:30,680 Speaker 1: through and because of that, it's allowing some of those 547 00:25:30,680 --> 00:25:32,960 Speaker 1: scores to improve. But don't do something like that when 548 00:25:33,440 --> 00:25:35,000 Speaker 1: like you're basically you're hiring a company to do the 549 00:25:35,040 --> 00:25:36,879 Speaker 1: dirty work for you. It's just not cool to do 550 00:25:36,920 --> 00:25:39,560 Speaker 1: that when you wouldn't lie to them directly. So don't 551 00:25:39,640 --> 00:25:41,639 Speaker 1: do it in a roundabout way by hiring one of 552 00:25:41,640 --> 00:25:43,879 Speaker 1: these companies. Well, and it's not like the results are 553 00:25:43,880 --> 00:25:46,199 Speaker 1: gonna be long lived, and you're just gonna cost you 554 00:25:46,200 --> 00:25:48,720 Speaker 1: a lot of money potentially as well. And so it's 555 00:25:48,800 --> 00:25:50,840 Speaker 1: just a bad idea. And the FTC they just sent 556 00:25:50,880 --> 00:25:53,280 Speaker 1: out a warning about these debt relief companies in the 557 00:25:53,280 --> 00:25:55,480 Speaker 1: aftermath of a lawsuit that they're heading up on behalf 558 00:25:55,520 --> 00:25:58,080 Speaker 1: of consumers who have been impacted by some of these 559 00:25:58,080 --> 00:26:00,800 Speaker 1: shady companies. And the biggest piece of advice they offer 560 00:26:01,160 --> 00:26:03,879 Speaker 1: is to never pay someone money upfront who tells you 561 00:26:03,920 --> 00:26:06,200 Speaker 1: that they can reduce or eliminate credit card debt, or 562 00:26:06,240 --> 00:26:08,320 Speaker 1: if they claim that they can lift your credit score 563 00:26:08,320 --> 00:26:11,480 Speaker 1: out of the dumps. These are common claims and it 564 00:26:11,520 --> 00:26:13,280 Speaker 1: sounds really nice. It's like, Hey, this company is gonna 565 00:26:13,280 --> 00:26:14,159 Speaker 1: do it on my ma half. I'll pay him a 566 00:26:14,160 --> 00:26:17,560 Speaker 1: couple hundred bucks, pay me first fucks right now, and 567 00:26:17,560 --> 00:26:21,240 Speaker 1: then they are going to lift my score or find 568 00:26:21,240 --> 00:26:24,760 Speaker 1: a way to help me jettison some of this debt. Well, sadly, 569 00:26:24,800 --> 00:26:26,960 Speaker 1: that's not what ends up happening almost ever. And so 570 00:26:27,000 --> 00:26:29,159 Speaker 1: if your credit score is subfar, we would say go 571 00:26:29,200 --> 00:26:31,280 Speaker 1: back and listen to episode to eight seven will link 572 00:26:31,280 --> 00:26:33,000 Speaker 1: to that in the show notes. The reality is you 573 00:26:33,040 --> 00:26:35,920 Speaker 1: don't need a perfect credit score, but having a solid 574 00:26:35,960 --> 00:26:39,000 Speaker 1: one is crucial for your financial future, and this is 575 00:26:39,040 --> 00:26:40,879 Speaker 1: something that you can d i y though, right This 576 00:26:40,920 --> 00:26:42,560 Speaker 1: is something you don't need to hire someone else to 577 00:26:42,600 --> 00:26:45,080 Speaker 1: do on your behalf, and actually it's it's not gonna 578 00:26:45,119 --> 00:26:47,240 Speaker 1: work in the long run if you do. But let's 579 00:26:47,240 --> 00:26:48,760 Speaker 1: say your credit score is in good shape, but you 580 00:26:48,800 --> 00:26:51,280 Speaker 1: have debt that you're finding it basically impossible to pay off. 581 00:26:51,600 --> 00:26:53,480 Speaker 1: Call your credit card company directly to ask for a 582 00:26:53,480 --> 00:26:55,960 Speaker 1: payment plan, or to ask for a lower interest rate, 583 00:26:56,080 --> 00:26:58,159 Speaker 1: or you know, go speak to a credit counselor at 584 00:26:58,160 --> 00:27:01,840 Speaker 1: a nonprofit like Money Management in National or NFCC, the 585 00:27:01,920 --> 00:27:04,960 Speaker 1: National Foundation for Credit Counciling. Those are the place those 586 00:27:04,960 --> 00:27:06,439 Speaker 1: are the places you turn. Those are the people that 587 00:27:06,440 --> 00:27:10,480 Speaker 1: are companies, legit organization, nonprofits that will counsel you in 588 00:27:10,480 --> 00:27:13,120 Speaker 1: the right direction, who won't lead you astray, unlike these 589 00:27:13,119 --> 00:27:15,359 Speaker 1: for profit companies that say, yeah, based five hun bucks 590 00:27:15,400 --> 00:27:18,119 Speaker 1: and uh, we'll see what we can make happen. That's 591 00:27:18,160 --> 00:27:21,199 Speaker 1: gonna leave you just poorer and still with a crummy 592 00:27:21,240 --> 00:27:22,679 Speaker 1: credit score at the end of the day. That's right. 593 00:27:22,680 --> 00:27:24,320 Speaker 1: All right, let's move on to our last story of 594 00:27:24,359 --> 00:27:27,360 Speaker 1: the day, and let's talk about the cost of utilities, 595 00:27:28,040 --> 00:27:30,880 Speaker 1: because home energy costs are not cheap right now. The 596 00:27:31,000 --> 00:27:33,320 Speaker 1: average cost of heating a homes winner it's predicted to 597 00:27:33,440 --> 00:27:36,000 Speaker 1: be eighteen percent more than it was last year, which 598 00:27:36,040 --> 00:27:39,240 Speaker 1: is a significant increase talking about inflation and the Yeah, 599 00:27:39,400 --> 00:27:41,320 Speaker 1: the weather. It's getting colder across the you know, most 600 00:27:41,359 --> 00:27:43,399 Speaker 1: of the country at least, even though yesterday it was 601 00:27:43,440 --> 00:27:48,960 Speaker 1: like seventies something degrees in Atlanta. That's Atlanta. It's I 602 00:27:48,960 --> 00:27:51,040 Speaker 1: saw somebody post and it was something like, it's gonna 603 00:27:51,040 --> 00:27:52,720 Speaker 1: be winner at six am, it's gonna be fall at 604 00:27:52,800 --> 00:27:55,600 Speaker 1: nine am, it's gonna be summer at one pm. It's like, yes, 605 00:27:55,640 --> 00:27:58,399 Speaker 1: that's exactactly. But yeah, you know, with the timing, we 606 00:27:58,440 --> 00:28:01,320 Speaker 1: figured this is a good idea to cover maybe just 607 00:28:01,359 --> 00:28:03,680 Speaker 1: a few ways to lower the cost of heating your home. 608 00:28:03,960 --> 00:28:05,679 Speaker 1: So we've got a few tips, a few thoughts for you. 609 00:28:05,720 --> 00:28:08,440 Speaker 1: First of all, of course, lower the temperature on your 610 00:28:08,440 --> 00:28:11,040 Speaker 1: thermostat by a couple of degrees. Put on a sweater, 611 00:28:11,160 --> 00:28:13,439 Speaker 1: right like everyone in your household, this winner should be 612 00:28:13,480 --> 00:28:17,000 Speaker 1: wearing Long John's or thermal thermals or like whatever it 613 00:28:17,040 --> 00:28:20,760 Speaker 1: is that you in your in your region. Because it's 614 00:28:20,760 --> 00:28:22,800 Speaker 1: something like every degree you turned down your thermostat, it's 615 00:28:22,800 --> 00:28:24,399 Speaker 1: gonna save you a percent on your interview bill. And 616 00:28:24,400 --> 00:28:26,600 Speaker 1: if you think about it like that, ye three takes 617 00:28:26,640 --> 00:28:29,040 Speaker 1: down and like significant, but I'm gonna save a giant 618 00:28:29,080 --> 00:28:31,360 Speaker 1: chunk on on what I'm spending to heat this house 619 00:28:31,400 --> 00:28:34,040 Speaker 1: this this month exactly. But obviously there's other things you 620 00:28:34,040 --> 00:28:36,960 Speaker 1: can do too, right like taking shorter showers, running your 621 00:28:37,080 --> 00:28:39,720 Speaker 1: washing machine on cold water instead of hot That's one 622 00:28:39,840 --> 00:28:42,200 Speaker 1: that I recently, I can't remember when I heard it 623 00:28:42,320 --> 00:28:44,080 Speaker 1: sometime earlier this year, but I heard a story where 624 00:28:44,080 --> 00:28:46,720 Speaker 1: a lot of folks they do hot water when they're 625 00:28:46,760 --> 00:28:48,440 Speaker 1: washing their clothes because they think it works better. They 626 00:28:48,480 --> 00:28:52,160 Speaker 1: think it it dissolves the soap better. But in reality, 627 00:28:52,240 --> 00:28:55,280 Speaker 1: a lot of the detergents there may they're they're formulated 628 00:28:55,360 --> 00:28:58,160 Speaker 1: to work better in cold water, And so that's one 629 00:28:58,200 --> 00:29:02,280 Speaker 1: where you actually might be wasting money without receiving any 630 00:29:02,280 --> 00:29:06,520 Speaker 1: benefit from that. Plus shortening the life the life expectancy 631 00:29:06,520 --> 00:29:08,400 Speaker 1: of your clothes as well, because that hot water doesn't 632 00:29:08,400 --> 00:29:11,520 Speaker 1: hot water kind of where done, your clothing maybe causes 633 00:29:11,640 --> 00:29:13,720 Speaker 1: a little more shrinkage. And on that note too, you 634 00:29:13,720 --> 00:29:16,600 Speaker 1: can lower the temperature on your actual hot water heater 635 00:29:17,080 --> 00:29:19,200 Speaker 1: as well, although that's one that I was gonna say 636 00:29:19,200 --> 00:29:21,080 Speaker 1: a dad joke about that. That one got me in 637 00:29:21,120 --> 00:29:24,600 Speaker 1: hot water as well. Actually, we've got our hot water 638 00:29:24,760 --> 00:29:27,760 Speaker 1: hot water heater turned down to where it's pretty much 639 00:29:27,800 --> 00:29:31,080 Speaker 1: good for like two showers before our kids have to start, 640 00:29:31,160 --> 00:29:33,160 Speaker 1: like the water is getting cold and they have to 641 00:29:33,200 --> 00:29:38,000 Speaker 1: get out of there. That's good, we're getting hard. Yeah. 642 00:29:38,120 --> 00:29:39,960 Speaker 1: And then it lowers your bill too. Yeah, I lowered. 643 00:29:40,000 --> 00:29:42,200 Speaker 1: My mind was like scalding. So I just like brown 644 00:29:42,320 --> 00:29:44,120 Speaker 1: down a few ticks and it's like, okay, now it's 645 00:29:44,320 --> 00:29:47,160 Speaker 1: kind of normal, which is great. Save save me money though, 646 00:29:47,360 --> 00:29:48,960 Speaker 1: and a little bit of weather shipping can go a 647 00:29:48,960 --> 00:29:51,720 Speaker 1: long way in preventing from escaping too. There's a little 648 00:29:51,760 --> 00:29:54,320 Speaker 1: things you can do, right uh. And and if you 649 00:29:54,360 --> 00:29:56,040 Speaker 1: want to do something bigger, well, next year is going 650 00:29:56,120 --> 00:29:57,400 Speaker 1: to be the year to do it because there's gonna 651 00:29:57,440 --> 00:30:00,880 Speaker 1: be increased tax benefits in read when it comes to 652 00:30:01,360 --> 00:30:04,080 Speaker 1: taking some of these energy saving measures. That's my plan. 653 00:30:04,120 --> 00:30:07,320 Speaker 1: I'm going to put in some additional installation in my 654 00:30:07,480 --> 00:30:11,400 Speaker 1: attic space because I want to take advantage of tax 655 00:30:11,440 --> 00:30:13,960 Speaker 1: credit it's coming into being next year. Yeah. Yeah, our 656 00:30:14,000 --> 00:30:16,080 Speaker 1: attic is good, but I want to My plan is 657 00:30:16,120 --> 00:30:18,480 Speaker 1: to put installation in the crawl space, like up underneath 658 00:30:18,480 --> 00:30:21,800 Speaker 1: the floor because the floors I've noticed this winner on 659 00:30:21,840 --> 00:30:24,400 Speaker 1: the main level or on the lower level, it's cold, man, Like, 660 00:30:24,440 --> 00:30:26,480 Speaker 1: there's no installation up under there, so I've been waiting 661 00:30:26,520 --> 00:30:30,760 Speaker 1: to wait for the Caldar. Exactly can do that well. 662 00:30:30,800 --> 00:30:33,320 Speaker 1: And one other thing, if you're having trouble with how 663 00:30:33,360 --> 00:30:35,960 Speaker 1: expensive the energy bills are getting in this country, a 664 00:30:35,960 --> 00:30:38,320 Speaker 1: lot more people are gonna have trouble paying their bills, well, 665 00:30:38,360 --> 00:30:41,600 Speaker 1: there's a low income energy assistance program. Will link to 666 00:30:42,080 --> 00:30:43,800 Speaker 1: a site that can help you figure out how to 667 00:30:43,880 --> 00:30:46,640 Speaker 1: get help if you need it in the show notes, 668 00:30:46,680 --> 00:30:49,680 Speaker 1: but you can also just reach out to your state 669 00:30:49,720 --> 00:30:53,440 Speaker 1: program manager or to your local utility company to see like, hey, 670 00:30:53,640 --> 00:30:57,320 Speaker 1: do I qualify with if this is my level of income, 671 00:30:57,440 --> 00:31:01,680 Speaker 1: do I qualify for subsidized energy assistance? And and I think, Matt, 672 00:31:01,760 --> 00:31:04,000 Speaker 1: just a lot of people don't know about that program. 673 00:31:04,000 --> 00:31:06,719 Speaker 1: But who knows how many How Money listeners that might 674 00:31:06,720 --> 00:31:08,880 Speaker 1: apply to, Exactly or at least folks that they might 675 00:31:08,920 --> 00:31:11,800 Speaker 1: know who help as well. That's right, man, Um, Well 676 00:31:11,800 --> 00:31:14,480 Speaker 1: that's gonna be it for this episode. Listeners can find 677 00:31:14,480 --> 00:31:16,600 Speaker 1: our show notes up on the website at how to 678 00:31:16,640 --> 00:31:18,360 Speaker 1: Money dot com. Will make sure to link to these 679 00:31:18,360 --> 00:31:20,960 Speaker 1: stories plus a new resources we may have mentioned. We 680 00:31:21,040 --> 00:31:24,600 Speaker 1: hope everyone has a fantastic weekend, and like we mentioned 681 00:31:24,640 --> 00:31:26,200 Speaker 1: at the top of the episode, go ahead and sign 682 00:31:26,320 --> 00:31:29,200 Speaker 1: up for the how to Money newsletter. That way, you 683 00:31:29,680 --> 00:31:32,600 Speaker 1: are guaranteed to not miss out on any future giveaways 684 00:31:32,600 --> 00:31:35,920 Speaker 1: that we do via the newsletter. But Joel, that's gonna 685 00:31:35,960 --> 00:31:38,000 Speaker 1: be it for this episode, Buddy. Until next time, best 686 00:31:38,000 --> 00:31:39,880 Speaker 1: friends Out and best Friends Out