WEBVTT - Friday Flight - 401k Mullets, Crappy Coffee, & Bitcoin Bashing #1104 0:00:00.080 --> 0:00:03.119 Welcome to How the Money. I'm Joel, I'm Matt. 0:00:03.240 --> 0:00:06.560 Today we're talking four oh one K bullets, crappy coffee, 0:00:06.760 --> 0:00:07.760 and bitcoin bashing. 0:00:26.640 --> 0:00:28.800 You know, my buddy, this is our Friday Flights where 0:00:28.800 --> 0:00:31.200 we're gonna cover our favorite headlines from the past week 0:00:31.560 --> 0:00:35.040 and all the stories that you mentioned plus more. I 0:00:35.080 --> 0:00:37.199 was gonna say, and do you have anything personal that 0:00:37.200 --> 0:00:39.800 you want to share? Say, favorite headlines, but favorite headlines 0:00:39.840 --> 0:00:41.520 we love to hate to. That's what the Lucas headline, 0:00:41.680 --> 0:00:44.120 the Lucras headline. Yeah, gotta gotta talk about suff we hate. 0:00:44.159 --> 0:00:45.880 Do we have a little Friday flight appetizer? Are we 0:00:45.920 --> 0:00:48.080 just gonna cut straight to let's go straight to it? Okay, yeah, 0:00:48.159 --> 0:00:49.880 I feel like we got a longer one. So yeah, 0:00:50.080 --> 0:00:52.640 let's let's let's get off. Let's talk about four to 0:00:52.640 --> 0:00:55.080 one k mullets to begin with. And did you ever 0:00:55.120 --> 0:00:57.000 have a mullet? As a as a kid in the 0:00:57.080 --> 0:01:00.800 late ladies? Across the street from had a rat tail? 0:01:00.840 --> 0:01:02.840 You remember rat tails? I had a rat tail? Oh 0:01:02.840 --> 0:01:05.119 did you? Oh? Of course she did, like a little one, 0:01:05.160 --> 0:01:08.200 but nothing not like how long we talking about here? 0:01:08.360 --> 0:01:10.040 Like how long is this right tail? Like a foot? 0:01:10.120 --> 0:01:13.960 His was probably good eight to ten inches. Yeah, that's 0:01:14.000 --> 0:01:15.680 really good. So I used to work in the public 0:01:15.680 --> 0:01:19.720 schools up in North Carolina right after undergrad and one 0:01:19.720 --> 0:01:21.040 of my like one of the kids I was I 0:01:21.400 --> 0:01:23.400 was working with, had a mullet with the rat tail. 0:01:24.720 --> 0:01:27.120 I didn't know you could do both. That's impressive. It 0:01:27.200 --> 0:01:29.760 was really good. So this is back in like five 0:01:29.760 --> 0:01:30.199 o six. 0:01:30.280 --> 0:01:33.080 Do you remember the tire tracks on the side of 0:01:33.200 --> 0:01:36.320 the I always wanted that. My mom would never let 0:01:36.360 --> 0:01:38.920 me get that haircut. Yeah, thinking about doing it was like, sorry, son, 0:01:38.959 --> 0:01:41.320 you're not allowed to be that cool, right, think about it. Well, 0:01:41.319 --> 0:01:42.960 I don't know if it was cool or not, but 0:01:43.280 --> 0:01:46.160 of school today's at least for a minute. Yeah, I'm like, 0:01:46.280 --> 0:01:48.040 we were direct. Maybe I'll do it at the age 0:01:48.080 --> 0:01:50.160 of forty one, just to show her, you know. 0:01:50.400 --> 0:01:52.240 Who's that guy with a mustache and then the race 0:01:52.400 --> 0:01:54.920 racing stripes down on the side of his uh that. 0:01:55.000 --> 0:01:57.559 Said weird personal finance podcaster fell up and I love it. Okay, 0:01:57.560 --> 0:01:59.720 So mullets and four one K mullets, like I think 0:01:59.720 --> 0:02:02.400 you and I are mostly we're not in the know 0:02:02.560 --> 0:02:05.760 about what's actually cool, like our mullets. Cooled mullets are 0:02:05.760 --> 0:02:08.040 totally cool. Supposedly they're trending their back but it's not. 0:02:08.080 --> 0:02:10.799 It's not especially like the messy mullet, you know, the 0:02:11.480 --> 0:02:13.160 kind of bullet the guys with the curly hair. I 0:02:13.160 --> 0:02:16.560 think there's a big difference in the mullets today that 0:02:16.600 --> 0:02:19.440 are popular. It seems like there's still like something going 0:02:19.440 --> 0:02:21.800 on in the front. It's not it's not. Yeah that 0:02:22.080 --> 0:02:25.840 it's kind of got like the mcguy or look exactly, 0:02:26.200 --> 0:02:28.080 I wanted to be just like everyone else. Let the 0:02:28.080 --> 0:02:28.480 back round. 0:02:28.560 --> 0:02:30.040 I just don't think of that as a traditional bullet. 0:02:30.040 --> 0:02:31.920 But okay, we'll say mullets are hot right now and 0:02:32.040 --> 0:02:34.800 four A one K bullets. That's a new term to me. 0:02:35.639 --> 0:02:37.880 But I guess as mullets have kind of come back 0:02:38.000 --> 0:02:41.840 into vogue, fancy or less trashy ones and quarter zips, 0:02:41.960 --> 0:02:42.760 I guess those are back too. 0:02:42.800 --> 0:02:43.560 Math the quarterszips. 0:02:44.400 --> 0:02:46.680 I'm not gonna be wearing those. I'll tell you that 0:02:46.919 --> 0:02:47.800 you don't like quarter zips. 0:02:47.960 --> 0:02:51.000 Nah, not my jam. You're not cool enough for it. 0:02:51.080 --> 0:02:54.600 That's that's the thing. You're you're you're you're airing or 0:02:54.680 --> 0:02:58.320 you are defaulting to your millennial ways. And the quote dude, 0:02:58.639 --> 0:03:01.320 so funny, I will say, you are revamping the dress 0:03:01.320 --> 0:03:04.520 code the uniform at the kids' school, huh, And they 0:03:04.560 --> 0:03:08.320 recently included quarter zips and all the parents went nuts, 0:03:08.360 --> 0:03:10.840 like in a good way. Everyone was so pumped about 0:03:11.520 --> 0:03:14.640 the quarter zips. So evidently they quarter zips and molsita. 0:03:14.760 --> 0:03:17.520 And how does this relate to money? And let's get 0:03:17.520 --> 0:03:18.440 to the four one k part. 0:03:18.520 --> 0:03:21.440 Well, apparently social media posts are linking the rise of 0:03:21.480 --> 0:03:24.280 the now sexy again mullet and the hotness of the 0:03:24.280 --> 0:03:26.280 four oh one k, Like four one k's are as 0:03:26.320 --> 0:03:29.320 hot as a dude supporting a really good looking mullet. Okay, 0:03:29.560 --> 0:03:32.600 and you and I neither rest are supporting sporting mullets 0:03:32.600 --> 0:03:34.440 these days, but we're all about making the four on 0:03:34.600 --> 0:03:35.200 k sexy again. 0:03:35.240 --> 0:03:38.520 I think for it. Whatever it takes man, whatever flavor, whatever, 0:03:38.560 --> 0:03:40.080 headlines to have to be out there in order to 0:03:40.160 --> 0:03:43.240 drive people to the most underrated way that majority of 0:03:43.280 --> 0:03:45.960 Americans are going to become actual million millionaires. Yes, the 0:03:45.960 --> 0:03:48.240 four one K four one k ira millionaires. That's how 0:03:48.280 --> 0:03:49.720 you're gonna happen. It's going to happen for the vast 0:03:49.760 --> 0:03:53.640 majority of people. So well done, gen zers, young folks. 0:03:54.400 --> 0:03:57.200 If you've got to match take advantage. It's it's money 0:03:57.240 --> 0:03:59.120 gear number two for a reason. People the four O 0:03:59.160 --> 0:04:01.720 one K, And I'm just lad it's getting light shit 0:04:01.800 --> 0:04:06.280 on it by being culturally relevant. I'm totally fine with 0:04:06.320 --> 0:04:08.119 that if that's what it takes. But you know what, dude, 0:04:08.560 --> 0:04:11.640 being financially responsible and investing for your future it's always 0:04:11.680 --> 0:04:13.760 been cool, you know why, Because it's cool to be 0:04:13.800 --> 0:04:15.920 able to achieve the financial goals that you have in life, 0:04:15.920 --> 0:04:19.200 like whether that's like paying cash for a car or 0:04:19.360 --> 0:04:21.320 putting down a saving up and down payment for a 0:04:21.360 --> 0:04:24.360 house like these, Like who doesn't want these different things? 0:04:24.440 --> 0:04:27.680 And it's almost as if we're having to convince people that, like, 0:04:27.720 --> 0:04:30.120 oh no, it's actually cool to be responsible, have options 0:04:30.160 --> 0:04:32.960 to not be bro yeah go figure makes me think 0:04:32.960 --> 0:04:37.960 of conversation as having recently someone about like ambition, and 0:04:38.200 --> 0:04:39.800 he was talking about how he was just a total 0:04:39.839 --> 0:04:44.520 bum until he met his girlfriend and wanted to propose 0:04:44.560 --> 0:04:46.040 to her and to be able to marry her and 0:04:46.080 --> 0:04:47.600 spend the rest of his life with her, and so 0:04:47.680 --> 0:04:51.640 that caused him necessity. It's the mother of all inventures, right, 0:04:51.680 --> 0:04:54.440 and so like, yeah, you don't have a reason necessarily 0:04:54.480 --> 0:04:56.760 to be responsible until all of a sudden there's something 0:04:56.760 --> 0:04:58.920 that you want, and that's what personal finance is all about. 0:04:59.040 --> 0:05:02.600 I love that The New York Post relatedly here, they 0:05:02.640 --> 0:05:05.080 had an article about the rise of the Solo four 0:05:05.160 --> 0:05:07.719 one K, which is happening because we've seen a rise 0:05:07.800 --> 0:05:11.360 in small business formation. This is post COVID, which is 0:05:11.400 --> 0:05:13.360 I think great for the country. So we got to 0:05:13.360 --> 0:05:14.960 make sure that the Solo four one K gets the 0:05:15.000 --> 0:05:19.120 same kind of love as the regular workplace variety. That way, 0:05:19.360 --> 0:05:21.080 all the small business folks out there know what they've 0:05:21.080 --> 0:05:24.040 got access to. It's pretty sweet, Joel. You know, we've 0:05:24.040 --> 0:05:26.400 had ours with Fidelity, Our Solo four one k's there 0:05:26.400 --> 0:05:29.559 with Fideli for a while. They recently launched a ROTH version, 0:05:29.600 --> 0:05:31.560 which I'm all about. Yeah, I was waiting for that. 0:05:31.800 --> 0:05:34.320 Glad folks have the option to get some of those 0:05:34.360 --> 0:05:38.120 post tax dollars socked away as well, and all the 0:05:38.120 --> 0:05:41.520 big low cost providers are making it easier. They're requiring 0:05:41.600 --> 0:05:45.120 less paperwork in order to open these things. And we've 0:05:45.120 --> 0:05:48.000 actually got more information. We've actually got old podcasts on 0:05:48.040 --> 0:05:49.880 this as well, where we talk about the Solo four 0:05:49.920 --> 0:05:52.640 one K, where we go into it in more depth. 0:05:52.720 --> 0:05:55.760 It is well worth learning about if you are an 0:05:55.760 --> 0:05:58.400 independent worker and want to sock away more for retirement. 0:05:58.480 --> 0:06:00.920 Yeah, solo four one k's leave on them. Don't sleep 0:06:00.920 --> 0:06:02.920 on the regular pour along gays. They're cool folks. Yeah, 0:06:03.040 --> 0:06:03.600 do the cool thing. 0:06:03.720 --> 0:06:06.520 Also, being earnest and going after the thing you want 0:06:06.960 --> 0:06:09.760 totally in being earnest and sincere. I want to see 0:06:09.760 --> 0:06:10.360 more of that. Man. 0:06:10.440 --> 0:06:13.599 That was the Chalo May acceptance speech right where he 0:06:13.760 --> 0:06:17.320 said I want to be great. I forget what award 0:06:17.400 --> 0:06:19.320 ceremony was at for the reason the. 0:06:19.279 --> 0:06:22.120 Ping Pong movie. Did he would an award for that? 0:06:22.120 --> 0:06:23.560 It might have been for a different I don't remember, 0:06:23.880 --> 0:06:25.240 or no, maybe it was. Maybe it was for that 0:06:25.240 --> 0:06:27.600 the Golden Globes or something like that, and I think 0:06:27.600 --> 0:06:30.279 he won Best Actor and his in his acceptance speech 0:06:30.279 --> 0:06:32.400 he basically talked about how he wants to be great, 0:06:32.440 --> 0:06:35.800 and I was like, man, yeah, put it out there 0:06:35.839 --> 0:06:38.320 as opposed to I don't know, not pretending that you 0:06:38.320 --> 0:06:40.520 don't care, but truly, yeah, you pretend you don't care 0:06:40.640 --> 0:06:42.239 enough and eventually guess what. 0:06:42.160 --> 0:06:43.560 You don't care. Yeah. 0:06:43.640 --> 0:06:46.160 I'm not like a huge chalome buff or anything like that, 0:06:46.200 --> 0:06:48.200 but it made me like I'm rooting for you, buddy, 0:06:48.240 --> 0:06:49.920 if that's what you want. I like that attitude. Go 0:06:49.960 --> 0:06:52.480 out there, take off some good roles, get or done. 0:06:52.760 --> 0:06:54.880 Let's talk about spending mat for a second coffee is 0:06:54.920 --> 0:06:56.520 a non negotiable. 0:06:55.920 --> 0:06:57.520 In our budgets both the years of mind. 0:06:57.600 --> 0:07:00.240 Yeah, I think you probably dedicate a slightly bigger line 0:07:00.240 --> 0:07:01.560 item in your budget to coffee. 0:07:01.600 --> 0:07:03.960 Then I do. I spend a little more time probably 0:07:03.960 --> 0:07:05.159 on it in the mornings. Yeah, we do. 0:07:05.320 --> 0:07:08.599 We also buy the nicer beans, I would say, on average, and. 0:07:08.640 --> 0:07:11.600 Yeah maybe so Yeah, so you're doing costco I'm one 0:07:11.600 --> 0:07:13.440 step up with the counterculture. 0:07:13.520 --> 0:07:17.560 Yeah, but even even still like the disparities minimal because 0:07:17.560 --> 0:07:19.200 we mostly make our coffee at home. 0:07:19.680 --> 0:07:21.720 And I still think it's a difference man cost of 0:07:21.800 --> 0:07:24.720 coffee outs as opposed to as opposed to doing it 0:07:24.760 --> 0:07:25.080 at home. 0:07:25.440 --> 0:07:28.440 Not to try to like make it not cool to 0:07:28.440 --> 0:07:31.240 get coffee out, but I think it's once a week. 0:07:31.360 --> 0:07:35.000 It's probably a good rhythm. That's what we do. If 0:07:35.040 --> 0:07:36.760 you do it every day, just do it with intentionality. 0:07:37.080 --> 0:07:39.400 But there was a new Washington Post article and it 0:07:39.560 --> 0:07:43.480 argued that the cheap, sub fifty dollar coffee makers, the 0:07:43.560 --> 0:07:46.200 ones that make super crappy coffee, the ones that go 0:07:46.240 --> 0:07:48.560 buy the Moniker mister Coffee most of the time. 0:07:48.680 --> 0:07:49.840 Rights, that's like. 0:07:49.840 --> 0:07:51.840 The ubiquitous name out there, But there's like all sorts 0:07:51.880 --> 0:07:57.720 of just throwaway coffee makers that will brew a bad 0:07:57.720 --> 0:07:59.880 cup of coffee no matter what beans you put in there, 0:08:00.520 --> 0:08:03.239 or just it won't be able to do your beans justice. 0:08:03.240 --> 0:08:06.640 Okay, right, I yeah, go ahead, Okay, keep going, because 0:08:06.880 --> 0:08:08.800 like I'm going to push back a little bit. Who 0:08:08.840 --> 0:08:10.160 was this Washington washing. 0:08:10.200 --> 0:08:11.560 One of the things they were saying is one that 0:08:11.600 --> 0:08:13.440 it improves, it proves an inferior cup. And then the 0:08:13.520 --> 0:08:15.840 other thing they were saying was that these these machines, 0:08:15.920 --> 0:08:18.880 these cheaper ones, typically don't last very long. And so 0:08:19.640 --> 0:08:22.440 why why go through that process? If you if you're 0:08:22.440 --> 0:08:24.480 going to try to make decent coffee at home, why 0:08:24.520 --> 0:08:27.440 not buy yourself a nicer coffee maker that's going to 0:08:27.520 --> 0:08:29.600 stand the test of time and it's gonna brew a 0:08:29.600 --> 0:08:32.040 better cup simultaneously. This is one of those things kind 0:08:32.040 --> 0:08:34.959 of like a mattress, right that you use every day 0:08:35.120 --> 0:08:36.319 that it's true you want to sleep on it eight 0:08:36.360 --> 0:08:38.520 hours a day, So why not that that's probably something 0:08:38.520 --> 0:08:41.320 that's worth prioritizing spending a little bit more money on 0:08:41.400 --> 0:08:43.760 although you're sleeping on a hand meadown mattress for like 0:08:43.840 --> 0:08:44.920 two decades or something. 0:08:44.760 --> 0:08:46.840 Like that, slept well, yeah, it's still the most comfortable 0:08:46.840 --> 0:08:47.679 mattress in the entire height. 0:08:49.000 --> 0:08:51.080 If it's the most comfortable mattress, then that's awesome. Keep 0:08:51.080 --> 0:08:53.160 it around, Like what does it take to get our 0:08:53.240 --> 0:08:55.679 current mattress to that level? Well, curate machines, that's another one, 0:08:55.720 --> 0:08:58.600 right that people. I think that's convenience. Usually curios are awful, 0:08:58.720 --> 0:08:59.080 not great. 0:08:59.280 --> 0:09:01.520 So they're all full from a coffee standpoint, But then 0:09:01.559 --> 0:09:04.400 also from the waste standpoint, the waste and the money. 0:09:04.440 --> 0:09:06.880 So I want to coffee is gonna cost you more too. 0:09:07.120 --> 0:09:08.439 I want to loop back a little bit because I 0:09:08.480 --> 0:09:10.600 do think like and this is coming from like more 0:09:10.600 --> 0:09:12.280 of the coffee snop kind of guy, right, Like I've 0:09:12.320 --> 0:09:14.360 gone through all the different phases, like I used to 0:09:14.360 --> 0:09:16.199 do V sixty, Like I back, you know, I used 0:09:16.200 --> 0:09:16.880 to do the French. 0:09:16.640 --> 0:09:19.360 Press, right, but get another language now. But I'm sure 0:09:19.400 --> 0:09:21.840 some of the listeners out there you. 0:09:21.840 --> 0:09:24.079 Can make a pretty dang good cup of coffee using 0:09:24.360 --> 0:09:26.920 a cheap mister coffee, Like the one we have is 0:09:27.000 --> 0:09:30.160 just the I mean it's the Mister Coffee equivalent from Amazon. 0:09:30.160 --> 0:09:32.599 I think it was like twenty twenty five dollars. And 0:09:32.640 --> 0:09:35.800 when it comes down to the biggest factor is grinding 0:09:35.800 --> 0:09:38.200 your beans fresh. And so if you get a decent grinder, 0:09:38.600 --> 0:09:41.600 you can make a pretty dang decent cup of coffee 0:09:41.840 --> 0:09:46.360 with a plastic, fairly affordable coffee maker as long as 0:09:46.400 --> 0:09:49.000 you are cleaning the filter. And I think that's the 0:09:49.000 --> 0:09:52.240 biggest thing. People don't do it vinegar like vinegar and water. 0:09:52.280 --> 0:09:53.880 I mean, we don't we use it when we have 0:09:54.040 --> 0:09:55.559 family over and we're trying to make a ton of 0:09:55.559 --> 0:09:57.520 coffee all at once. And so I mean, I'm using 0:09:57.679 --> 0:10:00.120 dish soap, but I'm doing it daily as a is 0:10:00.160 --> 0:10:02.559 the most what do you wash it daily? Yeah? Okay, 0:10:02.640 --> 0:10:04.520 most folks they just kind of knock the grind the 0:10:05.080 --> 0:10:06.800 coffee grounds out and they kind of rinse it off 0:10:06.880 --> 0:10:10.080 maybe and then they put the tomorrow's coffee in there, 0:10:10.120 --> 0:10:12.720 and so what what's all the oils and all that 0:10:12.840 --> 0:10:15.120 old build up? Man, Like, you don't want that, Like 0:10:15.200 --> 0:10:17.520 if you were even just to clean it with some 0:10:17.600 --> 0:10:19.600 just regular dish. So it's going to make a world 0:10:19.640 --> 0:10:21.160 of difference when it comes to your your nest cup. 0:10:21.240 --> 0:10:22.679 And that's the thing that most people don't do. They 0:10:22.679 --> 0:10:24.640 don't dedicate the time that they want it to be easy, 0:10:24.640 --> 0:10:26.920 which is why the curing seems to be satisfying this 0:10:27.040 --> 0:10:28.600 need for a lot of folks because they people don't 0:10:28.640 --> 0:10:30.959 like to clean. But I'm just pushing back just slightly 0:10:31.000 --> 0:10:33.320 because I've made some pretty dang good coffee on a 0:10:33.440 --> 0:10:34.480 very cheap coffee maker. 0:10:34.480 --> 0:10:37.079 Okay, And maybe one of the things you're you're highlighting 0:10:37.320 --> 0:10:39.600 is it sounds like you'd be willing to spend a 0:10:39.600 --> 0:10:41.640 lot more money on a good grinder than on a 0:10:41.679 --> 0:10:44.000 good machine. Yes, okay, Yeah, get you a burn, nice 0:10:44.040 --> 0:10:45.840 great grinder, clean your machine, you're good to go. 0:10:45.920 --> 0:10:47.720 Yeah. I mean it doesn't have to be super fancy, 0:10:47.760 --> 0:10:51.880 but like a Bartza or even like a conical boatom like, 0:10:51.960 --> 0:10:54.520 you can get a pretty good grind that's way better 0:10:54.559 --> 0:10:56.880 than stuff that's preground that. 0:10:57.200 --> 0:10:59.080 The fifteen dollars ones you get on Amazon that have 0:10:59.120 --> 0:11:01.400 the two blaze will go, yeah, you don't want that, Okay, So, 0:11:01.960 --> 0:11:04.320 but Matt knows more about coffee than I do. But 0:11:04.559 --> 0:11:07.560 I thought this was this is just another checkbox in 0:11:07.640 --> 0:11:10.680 the kind of buy once, cry once thing, like buy 0:11:10.720 --> 0:11:14.880 something that like the the what is it Mocha Master 0:11:15.160 --> 0:11:18.400 technovorm that's something that we have the Naha. 0:11:18.160 --> 0:11:21.640 Version of that by cells. But it's performed pretty well 0:11:21.679 --> 0:11:23.720 for y'all. It's been great. It's been great. Yeah. Well, 0:11:23.720 --> 0:11:25.679 the Mocha Master that's it's a fe hundred bucks, isn't. 0:11:25.480 --> 0:11:27.160 It it is? I think the one I got was 0:11:27.200 --> 0:11:29.360 on sale. I think it's normally one fifty. I think 0:11:29.400 --> 0:11:30.760 I got it on self for fifty bucks. So I 0:11:30.760 --> 0:11:33.160 got a really good deal on it. But it's one 0:11:33.200 --> 0:11:35.120 of those things where I hopefully we'll have it for 0:11:35.440 --> 0:11:36.560 you know, a decade to come. 0:11:36.760 --> 0:11:40.000 Yeah. Okay, wait, the real one, the name brand one 0:11:40.120 --> 0:11:42.120 is like three four hundred. That's like three hundred bucks. Okay, 0:11:42.120 --> 0:11:44.040 but yours normally as one hundred. You got one fifty 0:11:44.040 --> 0:11:45.880 and I got it for fifty okay, gotcha? Gotcha? 0:11:45.960 --> 0:11:47.800 So but yeah, those those are expensive. But then again, 0:11:47.840 --> 0:11:48.800 when you think about it. 0:11:48.920 --> 0:11:50.480 Do you take care of it though? And you keep 0:11:50.520 --> 0:11:53.079 it around? Actually, so there's an because I am a 0:11:53.120 --> 0:11:56.240 coffee nerd, there's a there's a similar Mocha Master maker 0:11:56.600 --> 0:11:58.480 that I don't know who is making it, and the 0:11:58.520 --> 0:12:01.000 way that they release different lotments of it is like 0:12:01.040 --> 0:12:02.720 on a month to month basis. But it's I want 0:12:02.720 --> 0:12:04.520 to say, it's called like simply good Coffee or something 0:12:04.559 --> 0:12:06.839 like that, and it is based on the design of 0:12:06.840 --> 0:12:09.640 a Mocha Master, but no plastic parts, because a lot 0:12:09.640 --> 0:12:11.880 of coffee snubs are like, oh, but the plastic it 0:12:11.960 --> 0:12:15.360 absorbs the smells, the odors, it absorbs some of the oil, 0:12:15.760 --> 0:12:19.080 and it's all glass or stainless steel or something like that. 0:12:19.160 --> 0:12:21.440 And so evidently that's like the next step up that 0:12:21.520 --> 0:12:23.520 a lot of the coffee nerds are are kind of 0:12:23.559 --> 0:12:26.440 geeking out. Okay, but again that's I mean, taking it 0:12:26.559 --> 0:12:29.920 to the next level. And I'm not necessarily wanting folks 0:12:29.920 --> 0:12:32.040 to go out there to spend money if they are 0:12:32.080 --> 0:12:33.680 completely happy with whatever they have. 0:12:33.840 --> 0:12:36.080 The next time your coffee maker breaks, maybe, And this 0:12:36.120 --> 0:12:37.280 is the way with a lot of things in life. 0:12:37.280 --> 0:12:39.840 I think oftentimes we look to the cheapest replacement, and 0:12:40.200 --> 0:12:44.240 there is like when I'm buying chews for my kids, man, 0:12:44.280 --> 0:12:46.120 I'm not buying them, like my daughter really wants a 0:12:46.120 --> 0:12:47.719 pair of hookas right now, even on sale they're like 0:12:47.760 --> 0:12:49.880 seventy five dollars and I'm like, sorry, we just you're 0:12:49.920 --> 0:12:51.920 gonna wear them for like three months, like pretty pricey. 0:12:51.960 --> 0:12:53.920 We're not spending that much money on chooes. 0:12:54.000 --> 0:12:56.160 But have y'all gotten those uber cheap ones? And how 0:12:56.160 --> 0:12:56.959 long do those last? 0:12:57.800 --> 0:13:00.760 About as long as they do too, No, some of 0:13:00.840 --> 0:13:02.640 them have worn out before they were done with them. 0:13:02.640 --> 0:13:04.840 But you gotta find the sweet spot, like that's what 0:13:05.160 --> 0:13:07.400 that's what's so tough because we've gotten the uber cheap 0:13:07.480 --> 0:13:09.719 Amazon shoes that are just like foam and cloth, and 0:13:09.760 --> 0:13:12.880 I'm like, where is the It's like it's like an 0:13:12.880 --> 0:13:15.079 animal without its bones, you know, It's like, where's the 0:13:15.080 --> 0:13:18.040 actual structure of the shoe. And then recently one of 0:13:18.559 --> 0:13:20.439 our daughter we got her a pair of new balances 0:13:20.440 --> 0:13:22.320 that were on sale and oh my goodness, they have 0:13:22.400 --> 0:13:24.760 lasted so much longer. Yeah, that than at least the 0:13:24.760 --> 0:13:25.200 phone ones. 0:13:25.200 --> 0:13:26.640 I'll say, especially if you can hand me down or 0:13:26.720 --> 0:13:29.200 we talk about buy good stuff, but buy it secondhand 0:13:29.200 --> 0:13:29.440 as well. 0:13:29.480 --> 0:13:30.679 Let's go yeah. Uh. 0:13:30.760 --> 0:13:32.960 Speaking of pricing, match turns out Americans hate the idea 0:13:33.080 --> 0:13:36.640 of surveillance pricing. Dynamic pricing is one thing, right, where 0:13:36.679 --> 0:13:39.600 prices shift based on the demand or time of day. 0:13:39.640 --> 0:13:42.120 People are people are mostly used to that. At this point, 0:13:42.360 --> 0:13:46.280 we tend to understand that plane tickets are gonna they're 0:13:46.280 --> 0:13:48.320 often going to be at this sweet spot pricing around 0:13:48.320 --> 0:13:50.719 two to three months ahead of our trip. That's that's 0:13:50.760 --> 0:13:54.359 when the lowest prices are likely to occur. But technology 0:13:54.400 --> 0:13:58.040 is making it easier for retailers to gather data on 0:13:58.200 --> 0:14:01.200 us and to charge more if they think that you 0:14:01.320 --> 0:14:03.920 or I are going to pay more. So roughly two 0:14:03.960 --> 0:14:07.880 thirds of Americans are concerned about this, and two thirds 0:14:07.960 --> 0:14:10.760 of folks who responded to this survey said they would 0:14:10.840 --> 0:14:13.400 not shop at a retailer again if they were charged 0:14:13.400 --> 0:14:16.079 more than other patrons. Just I think that it's a 0:14:16.120 --> 0:14:19.120 general idea of unfairness that people hate. Like, wait a second, 0:14:19.360 --> 0:14:21.360 Sheila just came in here before me, and she paid 0:14:21.400 --> 0:14:23.720 twenty percent less than I did, and not just because 0:14:23.760 --> 0:14:25.520 she like cut off the coupon in the Sunday paper, 0:14:25.640 --> 0:14:28.000 but because you like her more or something like that. 0:14:28.000 --> 0:14:32.000 Like that's how people assume surveillance pricing is working, and 0:14:32.080 --> 0:14:34.760 they're not wrong to a certain extent. New York enacted 0:14:34.800 --> 0:14:38.040 a law last year requiring a clear and visible disclaimer 0:14:38.080 --> 0:14:40.760 when a retailer uses surveillance pricing. So I'm curious to 0:14:40.800 --> 0:14:42.480 see what that's going to look like. 0:14:42.480 --> 0:14:43.080 In the wild. 0:14:43.680 --> 0:14:47.160 But this is a growing battle for consumers, for retailers alike, 0:14:47.760 --> 0:14:50.080 and I don't know, I'm just curious, like, do you 0:14:50.200 --> 0:14:52.160 feel the same way as the average consumer? 0:14:52.200 --> 0:14:55.280 How do you feel about surveillance pricing? No concerns, No concerns. No, 0:14:55.600 --> 0:14:57.240 I think it's I mean, we'll see if it plays out. 0:14:57.280 --> 0:14:59.480 But like I mean, I don't think there's stores who 0:14:59.520 --> 0:15:01.760 are actually doing it in person. So oftentimes I think 0:15:01.760 --> 0:15:04.120 it comes down to surveillance. What is it's cookies, it's 0:15:04.120 --> 0:15:07.240 having your data, and I kind of see it. I 0:15:07.280 --> 0:15:09.440 also saw in that survey like that thirty percent of 0:15:09.440 --> 0:15:12.040 Americans are also thinking, oh, there's a chance this could 0:15:12.080 --> 0:15:15.320 be more fair. And I think maybe the train of 0:15:15.320 --> 0:15:18.200 thought that those folks are entering into is the fact that, oh, retailers, 0:15:18.240 --> 0:15:21.040 once your information, they want your email and like your 0:15:21.080 --> 0:15:24.160 phone number more or less more often these days, and 0:15:24.360 --> 0:15:25.960 why because they want to market to you, like they 0:15:26.000 --> 0:15:28.360 want to like, oh, we just had a President's Day sale, right, 0:15:28.400 --> 0:15:32.440 And so I will see it. Anytime I have been tracked, 0:15:32.760 --> 0:15:35.560 I feel like I've benefited slightly from the ability to 0:15:35.560 --> 0:15:39.560 get deals as opposed to being afraid that prices might 0:15:39.600 --> 0:15:41.760 be more expensive. But certainly look around and check and 0:15:41.840 --> 0:15:44.560 shop around see what the prices are. But I don't know. 0:15:44.600 --> 0:15:47.400 I'm so okay and used to the fact that I'm 0:15:47.440 --> 0:15:51.400 sacrificing my data being watched for the potential to get 0:15:51.400 --> 0:15:52.760 a better price at some point. 0:15:52.800 --> 0:15:55.280 So I think it does highlight that reality that as 0:15:55.640 --> 0:15:59.440 the surveillance pricing becomes more and more of the norm, 0:16:00.080 --> 0:16:04.080 that tracking prices and not assuming that you're getting the 0:16:04.120 --> 0:16:07.880 best deal because or the deal that ever the price 0:16:07.880 --> 0:16:11.120 that everyone else is getting, just because that's the way 0:16:11.160 --> 0:16:14.160 it's always been. It's worth you know, using a site 0:16:14.200 --> 0:16:16.880 like Camel Camel Camel Tech actually track prices what's been 0:16:16.880 --> 0:16:20.360 happening in the past with the past pricing of this 0:16:20.480 --> 0:16:25.040 item and shopping around with different providers. Instead of the 0:16:25.080 --> 0:16:26.800 people who are going to pay the most are the 0:16:26.800 --> 0:16:29.080 people who are hyper loyal and are not doing their 0:16:29.160 --> 0:16:29.720 due diligence. 0:16:29.760 --> 0:16:32.040 I totally agree. Well, buddy, let's keep moving. I think 0:16:32.040 --> 0:16:34.880 we could cover the facts that headline credit card debt 0:16:35.000 --> 0:16:37.600 just hit a record high. That's something we could talk 0:16:37.640 --> 0:16:39.080 about every week every Friday. 0:16:39.120 --> 0:16:41.440 Here he doesn't ever seem to go down, does it. 0:16:42.280 --> 0:16:45.440 It did for a minute there posts when we were 0:16:45.440 --> 0:16:46.440 getting all the stimum money. 0:16:46.480 --> 0:16:49.040 Isn't that always interesting too? How Like when the economic 0:16:49.280 --> 0:16:52.840 hold savings on the end, Well, when economic times are toughest, 0:16:52.880 --> 0:16:55.960 people tend to draw back and they start to pay 0:16:55.960 --> 0:16:58.800 off debt. When times are good, people are like, ah, 0:16:58.920 --> 0:16:59.560 let's keep spending. 0:16:59.560 --> 0:17:02.880 People are assessing their own finances to the extent that 0:17:02.880 --> 0:17:04.760 they're willing to right like, because it seems like a 0:17:04.800 --> 0:17:06.960