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Speaker 1: What's going on?

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Speaker 2: Buddy? Hello, my friend, how you doing?

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Speaker 1: I'm great? So this is a besty episode. Wanted to

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Speaker 1: let folks know. So we do this for a couple

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Speaker 1: of reasons. One because we are both out of town. Actually,

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Speaker 1: we need to share why it is that you're down

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Speaker 1: down in Florida. Maybe we'll do that next week, okay.

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Speaker 1: But another reason we run Besties as well is because

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Speaker 1: we know that there are a lot of new listeners

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Speaker 1: out there. And even though you get to learn a

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Speaker 1: decent bit about who we are, who I am, Matt's

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Speaker 1: and who Joel is sitting here across from me, usually

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Speaker 1: little drips and drabs along the way, little anecdotes, little

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Speaker 1: examples that we give in the episodes. A couple of

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Speaker 1: years ago, I think it was we did we dedicated

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Speaker 1: two entire episodes for us basically to tell our story,

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Speaker 1: our money story, our financial history, and some of the

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Speaker 1: things that helped make us to who we are.

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Speaker 2: Well, you also reveal your deepest, darkest secret in the land,

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Speaker 2: which I mean everybody could say everybody wants want us

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Speaker 2: to know that. I want to make it like clickbaity.

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Speaker 2: It's like you won't believe what happened next, Matt did

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Speaker 2: these three things right, Well, I wanted to share something

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Speaker 2: with you as well. And that Guinness book a world

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Speaker 2: record that you said that that's really impressive, Well something

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Speaker 2: that actually did happen, and I wanted to You don't

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Speaker 2: know about this, but I wanted to share as a

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Speaker 2: little note of encouragement.

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Speaker 1: A friend of ours I was chatting with him and

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Speaker 1: he said him and his wife they were planning to

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Speaker 1: buy a newer suv. But then he heard us on

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Speaker 1: either side of his on his shoulder, like as his

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Speaker 1: financial subconscious two angels right instead of proverbial angel death.

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Speaker 1: That's true. So he went and looked up an episode

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Speaker 1: where we talked about cars, and guess what he did

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Speaker 1: instead of buying a new fancy suv.

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Speaker 2: Please tell me he paid cash for a great use.

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Speaker 1: He got used an older used suv, saved a ton

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Speaker 1: of money. And he was just like, I just want

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Speaker 1: to let you guys know, y'all are and this is

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Speaker 1: what he said. He said, y'all are doing the Lord's work,

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Speaker 1: which not quite We're certainly not saving souls or anything

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Speaker 1: like that, but we are trying to make sure that

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Speaker 1: you are making wise financial moves and you know what

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Speaker 1: I could have saving your money, soul well, I could

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Speaker 1: have saved my own money soul well had I heard

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Speaker 1: this advice back when I was younger. This is actually

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Speaker 1: a part of my story when the Wisest, when it

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Speaker 1: came to some of the different vehicles I purchased. But

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Speaker 1: you'll get to learn about that right now. Welcome to

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Speaker 1: How the Money. I'm Joel and I am Matt.

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Speaker 2: Yes he is, and this episode today, all we're talking

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Speaker 2: about is Matt. We're covering Matt's money origin story.

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Speaker 1: Okay, So my desire to do this episode or not,

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Speaker 1: is that a reflection of my own vanity, whether I'm

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Speaker 1: willing to talk about myself for anywhere between thirty and

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Speaker 1: forty five minutes. Yeah, we'll we'll see how long this goes.

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Speaker 1: But no, I am looking forward to this though, because

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Speaker 1: like I'm in the hot seat a little bit. Actually,

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Speaker 1: I started to perspire a little bit. I feel like

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Speaker 1: you've turned the tables, You've turned the microphone on me.

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Speaker 1: Even though I do talk into the microphone every week,

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Speaker 1: it does feel a little bit different here talk to

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Speaker 1: the spotlight specifically.

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Speaker 2: Yeah, well, I think it's I think it's gonna be

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Speaker 2: fun and we're gonna we're gonna dive into my money

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Speaker 2: origin story next week, and so the tables will be turned.

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Speaker 2: I will feel the heat then, issue, But I think

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Speaker 2: this is, this is gonna be good. It's, you know,

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Speaker 2: still the beginning of a new year, and there are

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Speaker 2: a lot of How To Money listeners who know quite

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Speaker 2: a lot about you and I. At this point, we

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Speaker 2: divulge a fair amount of information about how we live

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Speaker 2: our own lives and how we handle our personal finances

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Speaker 2: on the show, but we've never really done a deep

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Speaker 2: dive into either of our money origin stories. And anybody

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Speaker 2: who's been listening, some people from back in the day episode,

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Speaker 2: you know, the single digit episodes, they they will find

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Speaker 2: some of these things familiar, but they will also unearthed

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Speaker 2: new territory about the man, the myth, the legend how

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Speaker 2: to Money.

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Speaker 1: Matt. Yeah, we're gonna weave it all together because I

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Speaker 1: do think that, Yeah, if you've been listening for years now,

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Speaker 1: you probably have maybe a loose understanding of my past

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Speaker 1: of yours as well, because we you know, we sprinkle

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Speaker 1: in little bits of our history into every single episode.

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Speaker 1: We try to find ways where it relates to our listeners.

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Speaker 1: But this will be fun to kind of pie it

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Speaker 1: all together and for folks to have a clear understanding.

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Speaker 1: This will be a kind of a more conversational episode

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Speaker 1: as opposed to one where we're diving into specific topics

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Speaker 1: or teaching something. Yeah, this is maybe truly what it's

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Speaker 1: actually like if you're having a beer with us. So

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Speaker 1: we kick back. But dude, Okay, before we launched into this, though,

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Speaker 1: I wanted to share with you, Kate got me an

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Speaker 1: amazing Christmas gift to spend a couple weeks now since Christmas,

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Speaker 1: and you might remember back we had Marshall Allen on.

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Speaker 1: We talked about healthcare, crazy high cost of Hell, still

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Speaker 1: one of my favorite interview episodes we've done. Fantastic episode,

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Speaker 1: and his splurge was coffee, specifically, he roasts his own coffee,

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Speaker 1: and I kind of nerded out. I started to ask

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Speaker 1: him a bunch of questions, realized that we couldn't include

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Speaker 1: all that in the episode. I dialed it back, but

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Speaker 1: I was really interested in his ability to roast his

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Speaker 1: own coffee really nice, like world class, high end coffee

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Speaker 1: for a fraction of the price, and to get it,

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Speaker 1: you know, for super cheap, super fresh at home.

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Speaker 2: Yeah, that's the thing is like the best of both worlds, right,

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Speaker 2: it costs less money and it's better the best stuff exactly.

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Speaker 1: So I meant, you know, after that interview I mentioned

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Speaker 1: that the Kate didn't think much of it. Well, sure enough,

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Speaker 1: Kate got me basically a coffee roasting kit for Christmas.

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Speaker 1: And the best part is one of the easiest and

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Speaker 1: cheapest methods.

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Speaker 2: Of like an easy bake oven for adults.

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Speaker 1: Yes, seriously, one of the easiest and cheapest ways to

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Speaker 1: actually roast the coffee are is to use a popcorn

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Speaker 1: air popper. Oh really, you know, it's just like this

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Speaker 1: little appliance and you kind of got the spoon of corns,

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Speaker 1: kernels or whatever. You drop down in there. You flip

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Speaker 1: the thing on and it starts popping popcorn.

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Speaker 2: Huh.

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Speaker 1: Well, you do basically you do that exact same thing

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Speaker 1: with the coffee beans. You do it outside because it

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Speaker 1: creates a big mess in the you know, and it's

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Speaker 1: still there's a decent amount of smoke. But you do that,

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Speaker 1: you keep an eye on it. You get it to

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Speaker 1: the color the roast you know that you want, whether

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Speaker 1: you're looking for like a lighter medium, darker medium, or

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Speaker 1: darker roast, and dude, it was phenomenal. I was surprised

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Speaker 1: at how easy it was to make really good coffee

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Speaker 1: at home. I've got to get you some.

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Speaker 2: Yes, I would love to try it.

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Speaker 1: It's just like, like we said, the ability to buy

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Speaker 1: a pound of raw coffee. I guess that's what you

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Speaker 1: call it raw. I'm still working on the kit beans

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Speaker 1: that Kate got me, four different samples basically, and we're

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Speaker 1: kind of cycling through them right now. But it is

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Speaker 1: definitely more affordable than buying the really nice stuff at

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Speaker 1: the store. How much more affordable, I'm not totally sure.

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Speaker 1: I will report back as I kind of dial in

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Speaker 1: my coffee roasting escapades there we go, but but yeah,

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Speaker 1: I'll definite rist them up for you. I look forward

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Speaker 1: to trying it, and yeah, I think that's cool. I

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Speaker 1: was kind of fascinated by the fact that Marsha Allen

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Speaker 1: revealed that he roasted his own beans. I didn't know

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Speaker 1: that was a thing. As soon as he said that,

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Speaker 1: I was like, Okay, this is gonna be a problem

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Speaker 1: for me. All right.

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Speaker 2: We got to reach back out to him like, dude,

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Speaker 2: we're doing it. You're doing it.

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Speaker 1: But anyway, maybe I'll link to the air popper. It's

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Speaker 1: just a standard like popcorn air popper that Kate got me.

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Speaker 1: But that plus this book she got me, and plus

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Speaker 1: some sample coffees, that's all you need. But yeah, I'll

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Speaker 1: keep it posted.

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Speaker 2: Sounds good. Looking forward to hearing more about your coffee

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Speaker 2: roasting adventure.

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Speaker 1: Good. Actually, one time right now, even though we're drinking beer.

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Speaker 2: We should like Instagram live you roasting your own coffee beans.

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Speaker 1: It's really boring. Put in there, turn it on and

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Speaker 1: watch it turn.

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Speaker 2: Right now, we could like turn the camera around and

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Speaker 2: you're smiling like a giddy school boy.

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Speaker 1: It's that great.

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Speaker 2: Well, let's move on, Matt. Let's mention quickly. The beer

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Speaker 2: that we're having on this episode. This is Athena Paradiso

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Speaker 2: with BlackBerry, black current and ambrosia. This is by Creature Comforts,

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Speaker 2: which is just an awesome brewery out of Athens, Georgia.

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Speaker 2: Will give our thoughts on this beer at the end

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Speaker 2: of this episode, but for now, Matt, let's get on

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Speaker 2: to the subject matter at hand. And the subject matter

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Speaker 2: is you. Like we're talking about your money Rigson story.

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Speaker 2: It is all about you today, and so yeah, I've

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Speaker 2: kind of come up with some questions like kind of

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Speaker 2: the things I want to ask you about your money

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Speaker 2: history so that our listeners can learn more about you,

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Speaker 2: but then also just learn more about kind of how

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Speaker 2: you've grown with money, how you've handled it. Hopefully there

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Speaker 2: are not not just human interest here but also actual

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Speaker 2: money tips and takeaways totally. But like we said, it

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Speaker 2: is I think helpful for you to get to know

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Speaker 2: us better as people early on in the new year.

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Speaker 2: Year and Matt, January tends to be a month where

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Speaker 2: how the Money gets more downloads than usual because people

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Speaker 2: are like, I got a New Year's resolution, I want

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Speaker 2: to do better with my money, and so they're seeking

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Speaker 2: out a podcast some similar to ours or ours in particular,

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Speaker 2: and they're hoping that it will help and hopefully hearing

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Speaker 2: Matt's story will provide some inspiration along with yeah, some

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Speaker 2: of those tactical, practical takeaways. But yeah, let's let's get

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Speaker 2: to it.

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Speaker 1: Matt.

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Speaker 2: I want to kind of like start start young and

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Speaker 2: not like baby young, like when you came home from

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Speaker 2: the hospital or anything like that. But I do want

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Speaker 2: to hear about my first dollar. Is it your parents

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Speaker 2: started that allowance really early? But yeah, let's talk about

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Speaker 2: maybe when you the first conversations you remember about money

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Speaker 2: in your household, And what always sticks out to me is,

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Speaker 2: and we'll get this next week, but coming from a

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Speaker 2: house where money either just wasn't talked about, or when

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Speaker 2: it was, it was always in like a frustrated way,

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Speaker 2: or there just wasn't a whole lot of like practical,

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Speaker 2: helpful talk when it came to the subject of money,

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Speaker 2: you come from a household that has a pretty healthy

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Speaker 2: relationship with it, it seems like totally man.

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Speaker 1: Yeah, So I credit a lot of that to my dad.

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Speaker 1: So he grew up in the Midwest, and I feel

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Speaker 1: like he brought over, you know, from the Midwest to

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Speaker 1: the South, like a lot of that Midwestern like work ethic,

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Speaker 1: and I think he sort of translated a lot of

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Speaker 1: that towards handling your money well. Also, But as early

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Speaker 1: as I can remember, I always had an allowance. I mean,

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Speaker 1: like some of my earliest memories regarding money were receiving

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Speaker 1: a bunch of dimes and then being taught how to

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Speaker 1: save a portion of it, how to give a portion

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Speaker 1: of it away, how to you know, have it, you know,

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Speaker 1: the rest of it for spending. But that plus like

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Speaker 1: a piggy bank made out of like a two liter

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Speaker 1: cook bottle. That also, I will say, my dad like

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Speaker 1: he taped over it so you couldn't see the money,

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Speaker 1: which always like, even now looking back, I'm like, well,

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Speaker 1: isn't the ability to see it kind of like fun? Yeah,

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Speaker 1: like kind of getting you excited about it being a girl.

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Speaker 1: But he was just like, no, no, no, like you were

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Speaker 1: gonna not We're gonna pretend that doesn't exist. And so

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Speaker 1: I don't know, maybe there's a lesson there that he

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Speaker 1: was trying to teach me, But a lot of my

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Speaker 1: early memories around money had to do with just not

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Speaker 1: only the responsibility of handling my money well, but also

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Speaker 1: doing the chores I needed to do around the house,

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Speaker 1: because it wasn't just an allowance that I received, no

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Speaker 1: matter what it was, because there were certain jobs that

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Speaker 1: I had that I had to perform in order to

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Speaker 1: receive that money. And so in that way, it was

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Speaker 1: less I guess, like an allowance that I was entitled

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Speaker 1: to and more like something that I did have to earn.

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Speaker 2: And you've really taken that sort of idea about money

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Speaker 2: into how you teach your kids about it. Well, we'll

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Speaker 2: get to that later, but you really do you value

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Speaker 2: you think and this is just true in the real world,

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Speaker 2: right that when we work, we get money, and those

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Speaker 2: two things are just highly correlated exactly.

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Speaker 1: I think that's my biggest problem with calling it an

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Speaker 1: allowance because it just feels like it's something that you

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Speaker 1: get no matter what. It's like a stipend or something.

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Speaker 1: As long as you're breathing, you get some money. It's like, well,

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Speaker 1: I don't know, I really do like the idea that

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Speaker 1: you receive money when you perform a job, or do

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Speaker 1: a job, or perform a task. I do think like

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Speaker 1: a lot of folks will argue that, well, no, certain

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Speaker 1: chores that your kids do no matter what, and I agree, like,

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Speaker 1: there are certain things that my kids will never get

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Speaker 1: paid for because you're not gonna get paid for being,

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Speaker 1: you know, listening to mom and I on making your bed.

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Speaker 1: But yeah, like these are things that you should be

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Speaker 1: doing no matter what. But for me, you know, the

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Speaker 1: allowance that was huge another sort of lesson, and this

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Speaker 1: is I guess as I got a little bit older,

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Speaker 1: but I remember getting my first credit card, like I

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Speaker 1: remember showing up in the mail. I was still living

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Speaker 1: at home, and this is you know, this is years ago,

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Speaker 1: and I swear I was like I was either eighteen

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Speaker 1: or even younger, and I may have been sixteen years old,

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Speaker 1: and it was a card, and I mean it was

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Speaker 1: a pre qualified letter, it had my name on it,

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Speaker 1: and I remember showing it to dad and be like, hey,

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Speaker 1: this is my credit card now, right, and he's like, yeah,

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Speaker 1: it is. And I thought, wait, what He's like, Well,

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Speaker 1: as long as you whatever you use it for, as

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Speaker 1: long as you pay it off every month, there's no

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Speaker 1: reason that you can't use his credit card. And so

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Speaker 1: I think that stands up in my mind as well,

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Speaker 1: and that might be part of my affinity towards credit

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Speaker 1: cards even today, because I mean he was taking advantage

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Speaker 1: of cash back bonuses and different things like that starting

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Speaker 1: back in the eighties. But I think that that also

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Speaker 1: had a pretty large impact on my ability to think

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Speaker 1: about finances maybe in a different way than other kids were.

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Speaker 2: Yeah, well it sounds like two. What your dad was

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Speaker 2: instilling was a sense of autonomy, right where where like

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Speaker 2: you're sixteen and your dad's like sure, yeah, it's your

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Speaker 2: credit card. And we've talked about how helping your kids,

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Speaker 2: allowing your kids some of that leash to make mistakes

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Speaker 2: while they're still under your roof is actually the best

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Speaker 2: time for them to make mistakes and to learn while

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Speaker 2: you're there to protect them while the mistakes can be minor.

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Speaker 2: And it seems like your dad was kind of setting

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Speaker 2: you up for that ability too.

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Speaker 1: Yeah. Absolutely, they were all about allowing me to make

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Speaker 1: the mistakes with like tens and hundreds of dollars as

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Speaker 1: opposed to like thousands and ten thousands of dollars that

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Speaker 1: oftentimes those are the lessons we learn further down the road, right.

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Speaker 1: But also I do want to mention my mom because

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Speaker 1: even though like more of the day to day you know,

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Speaker 1: nuts and bolts of handling money, well came down to

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Speaker 1: dad and what he taught me. But I think one

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Speaker 1: of the things my mom instilled in me. I mean,

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Speaker 1: of course, like she's Asian and so like all Asian parents,

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Speaker 1: she wanted me to be a doctor or a lawyer.

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Speaker 1: But one of the things that always stood out to

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Speaker 1: me because I knew what a doctor was and I

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Speaker 1: knew what a lawyer was. But she would also always

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Speaker 1: mentioned entrepreneurship, like owning your own business, and that really

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Speaker 1: does as I think back, that stands out to me

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Speaker 1: because at the time, you didn't really know what that meant, right,

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Speaker 1: Like all you knew was at their stores. And then

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Speaker 1: I guess there's a business owner and so, and specifically

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Speaker 1: Mom had and she still does have a lot of

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Speaker 1: friends who owned their own businesses, but a lot of

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Speaker 1: them were like brick and mortar shops and so. But

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Speaker 1: even then, I mean, I didn't necessarily want to be

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Speaker 1: like the owner of a Korean food store.

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Speaker 2: Like, but the ideal time, buddy, I want, hey, I

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Speaker 2: could man or your own coffee roasting company. Maybe so,

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Speaker 2: But the idea of being able to do whatever it

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Speaker 2: is that I wanted to do with my time, for

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Speaker 2: me to be able to set my own rules, I think,

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Speaker 2: even at a very young age, that that kind of

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Speaker 2: turned something on in my head, right, Like it flipped

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Speaker 2: the switch, Oh, I don't have to go work for

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Speaker 2: somebody else, I can create my own provis Yeah.

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Speaker 1: Yeah, I think that had a lot to do with too.

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Speaker 1: Just how I mean, I literally only lasted like a

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Speaker 1: year and a half, two years in the corporate world

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Speaker 1: right after college, before I started my own business, before

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Speaker 1: doing other things that were a little less traditional, and

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Speaker 1: as I think back, I mean, there weren't many influences

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Speaker 1: in my life to owning your own business except for

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Speaker 1: some of those early conversations we had and thinking that

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Speaker 1: I might own a food store.

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Speaker 2: Yeah, all right, So so I feel like, yeah, we

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Speaker 2: talked about how your dad in particular, was such a

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Speaker 2: great influence your mom in regards to pushing you towards

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Speaker 2: entrepreneurship or at least opening your eyes to the reality

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Speaker 2: that that is a legitimate way to move forward in

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Speaker 2: this world, to start your own business. But what about

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Speaker 2: like maybe a biggest money fail or something like that,

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Speaker 2: like or biggest money struggle early on, because you know,

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Speaker 2: even today, it's not like you're rolling in the dough.

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Speaker 2: But but where I'm sitting, from where I'm sitting, you've

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Speaker 2: been just so incredibly intentional for a lot of years

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Speaker 2: with your money and that's paid off, like you we

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Speaker 2: mentioned in this on the show, but you have your

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Speaker 2: budget down to the penny, like what you've spent dating

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Speaker 2: back fifteen years. So it's not without like a lot

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Speaker 2: of effort and intentionality that you've gotten here. But I'd

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Speaker 2: love to hear what my robotic friend Matt like that

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Speaker 2: you're a real human being who potentially occasionally also screws

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Speaker 2: up so totally.

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Speaker 1: I mean, I don't make the always make the wisest decisions.

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Speaker 1: And I will say I mean I've become more methodical

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Speaker 1: and responsible as I've gotten older, but especially dude, I

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Speaker 1: mean in high school and college. You know, I wouldn't

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Speaker 1: say that these were struggles at the time. Like at

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Speaker 1: the time I thought I was just living my life

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Speaker 1: and making great decisions. But the amount of money that

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Speaker 1: I spent on cars specifically, and we've kind of hinted

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Speaker 1: at this before, but early on I had this old Jeep,

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Speaker 1: this old Jeep Cherokee that actually was pretty great. It

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Speaker 1: was a pretty great car as well maintained. We bought

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Speaker 1: it from some folks we knew. But then I saved

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Speaker 1: up some more money sold that Jeep. Took that money

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Speaker 1: that I earned from that sale and plus the additional money,

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Speaker 1: and I bought a nicer Jeep, like a newer Grand

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Speaker 1: not just regular Cherokee, a Grand.

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Speaker 2: Cherokeere you go, did the upgrade and fancy.

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Speaker 1: And then in college I actually sold that one and

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Speaker 1: got an older range Rover, which was also a very

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Speaker 1: sweet sweet ride that was very expensive to maintain. A

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Speaker 1: terrible gas mileage.

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Speaker 2: You obviously didn't check the consumer reports reliability ratings before

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Speaker 2: you bought.

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Speaker 1: That, But I mean I did this multiple times over

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Speaker 1: the course of a number of years, and just every

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Speaker 1: time you do that, there's just transaction costs involved, not

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Speaker 1: to mention just getting it to a level of running,

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Speaker 1: you know, like a level of dependability. Plus I would

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Speaker 1: also put a decent stereo in. I wasn't like going

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Speaker 1: around blasting music, but I liked having you know, some bass.

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Speaker 1: I liked having a sub back there. But I would

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Speaker 1: do that every single time. And so it was just

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Speaker 1: this money that was just essentially hemorrhaging towards transportation that

385
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Speaker 1: just wasn't all that necessary in my life. Like I

386
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Speaker 1: look back now in retrospect and I kind of cringe

387
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Speaker 1: at what I could have done with that money had

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Speaker 1: I invested it. Say, you know, like we give these

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Speaker 1: examples all the time, how if a teenager when they

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Speaker 1: are sixteen or eighteen years old, if they started investing

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Speaker 1: that money early on, what that money it could turn into.

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Speaker 1: And I couldn't imagine the fortune, the amount of wealth

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Speaker 1: that I would have had I done that. But those

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Speaker 1: are lessons though that I learned along the way, because

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Speaker 1: after that period of time, I was able to look

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Speaker 1: back and think, oh man, that was kind of dumb. Yeah,

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Speaker 1: like it was fun, but it was very expensive fun,

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Speaker 1: you know. And again these weren't really nice, brand new,

399
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Speaker 1: fancy sports cars or anything like that. These were old,

400
00:17:22,240 --> 00:17:25,960
Speaker 1: old cars relatively not an expensive cars relatively speaking. But

401
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Speaker 1: for you, it's still just like a misplacement of fun.

402
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Speaker 1: Oh absolutely, For me, it was just the most definitely

403
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Speaker 1: was the most amount of money that I was spending

404
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Speaker 1: on anything. And so yeah, I don't know. On one hand,

405
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Speaker 1: I see that as a massive mistake, but on the

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Speaker 1: other hand, I see that as just a learning opportunity,

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Speaker 1: and it's something that I've kind of carried into today.

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Speaker 1: As to you know, who I am now?

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Speaker 2: Okay, all right, well who you are now, We're going

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Speaker 2: to get to that in just a second. But I've

411
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Speaker 2: got some more questions about as like you enter early adulthood,

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Speaker 2: and in particular, I want to ask you about a

413
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Speaker 2: moment that you point to as your light bulb moment,

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Speaker 2: and it's about the show Downton Abbey. So we're gonna

415
00:18:00,720 --> 00:18:03,120
Speaker 2: get to some more questions about your origin story and

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Speaker 2: what makes you who you are and how you are

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Speaker 2: with money. We'll get to some more of those right

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Speaker 2: after this. All right, we're back from the break and

419
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Speaker 2: it's time now to slow down. This is my no,

420
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Speaker 2: I've been taking the lead. Here I get to bring

421
00:18:23,560 --> 00:18:25,440
Speaker 2: it back here, I got the rain. You just sit

422
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Speaker 2: back and handle the questions.

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Speaker 1: You're just gonna kick back and you rub my feet.

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Speaker 2: No, we're not doing that. But let's get to you out.

425
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Speaker 2: Let's dive more further into your origin story, Matt, because yeah,

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Speaker 2: there's Does.

427
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Speaker 1: It feel like that the guests just welcomed the show

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Speaker 1: back on the breast because you're kind of interviewing me?

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Speaker 2: It felt wrong? But I want to know too, Like,

430
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Speaker 2: as you're okay, so you're in college, you're spending money

431
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Speaker 2: on cars that you really shouldn't be because you could be saving,

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Speaker 2: you could even start to get into investing, and because

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Speaker 2: your dad had taught you some important principles about how

434
00:18:56,160 --> 00:18:58,800
Speaker 2: to handle money, giving you actual money as a kid

435
00:18:58,920 --> 00:19:01,679
Speaker 2: to save and invest. And so yeah, like as you

436
00:19:01,920 --> 00:19:04,440
Speaker 2: left the nest, like, as you're out on your own

437
00:19:04,600 --> 00:19:08,119
Speaker 2: basically at college, where did you turn for help figuring

438
00:19:08,119 --> 00:19:10,560
Speaker 2: out the bigger money issues that you started to face

439
00:19:10,600 --> 00:19:12,880
Speaker 2: because yeah, your dad had been such a help, would

440
00:19:12,960 --> 00:19:15,120
Speaker 2: you just call him when you have questions or or yeah,

441
00:19:15,119 --> 00:19:17,600
Speaker 2: what direction did you start to go in with? Yeah,

442
00:19:17,760 --> 00:19:19,520
Speaker 2: your money beliefs, Yeah, I.

443
00:19:19,440 --> 00:19:21,720
Speaker 1: Should have called my dad. So, I mean my personality,

444
00:19:21,760 --> 00:19:24,119
Speaker 1: I'm just prone to do things on my own and

445
00:19:24,160 --> 00:19:26,040
Speaker 1: to learn on my own and make my own mistakes,

446
00:19:26,240 --> 00:19:28,439
Speaker 1: and so I'm sure I could have called dad and

447
00:19:28,480 --> 00:19:30,800
Speaker 1: ask him some very specific and I'm sure I did. Actually.

448
00:19:30,880 --> 00:19:32,520
Speaker 1: I mean, you know, you talk to your parents all

449
00:19:32,520 --> 00:19:36,320
Speaker 1: the time when you're younger, and I can't necessarily remember, like,

450
00:19:37,160 --> 00:19:39,439
Speaker 1: you know, some important phone call. But I also know

451
00:19:39,560 --> 00:19:41,920
Speaker 1: my personality though, and I do tend to not ask

452
00:19:42,000 --> 00:19:44,040
Speaker 1: for help. I tend to try to figure things out

453
00:19:44,080 --> 00:19:46,360
Speaker 1: on my own. I make my own mistakes, which can

454
00:19:46,440 --> 00:19:48,600
Speaker 1: be a good thing because once you learn a lesson,

455
00:19:48,640 --> 00:19:51,120
Speaker 1: I think you learn it really well when you've learned

456
00:19:51,119 --> 00:19:53,679
Speaker 1: it the hard way, as opposed it being something that

457
00:19:53,720 --> 00:19:55,600
Speaker 1: somebody else has told you. And plus at that time,

458
00:19:55,600 --> 00:19:57,480
Speaker 1: I think Dad was investing a lot in single stocks,

459
00:19:57,520 --> 00:19:59,439
Speaker 1: and so he may have pointed me in the wrong direction.

460
00:20:00,119 --> 00:20:03,120
Speaker 1: Still a debate that him and I have often where

461
00:20:03,119 --> 00:20:05,080
Speaker 1: it's just like, so tell me about your portfolio. How

462
00:20:05,119 --> 00:20:07,840
Speaker 1: much better is it doing than the SMP, which turned

463
00:20:07,880 --> 00:20:10,720
Speaker 1: twenty eight percent last year. But it wasn't until actually

464
00:20:10,760 --> 00:20:13,760
Speaker 1: I graduated college and i'd gotten my first It was

465
00:20:13,800 --> 00:20:16,520
Speaker 1: a post college job, but it wasn't a job with

466
00:20:16,640 --> 00:20:18,480
Speaker 1: my profession. I was just living up in North Carolina

467
00:20:18,480 --> 00:20:22,200
Speaker 1: with a friend and I first learned about the roth Ira.

468
00:20:22,920 --> 00:20:24,119
Speaker 1: I was a friend of mine who was a few

469
00:20:24,160 --> 00:20:26,600
Speaker 1: years older, and he was telling me all about the

470
00:20:26,640 --> 00:20:30,480
Speaker 1: magic of compound returns and how I needed to get investing,

471
00:20:31,160 --> 00:20:34,000
Speaker 1: specifically within a roth Ira as soon as possible, and

472
00:20:34,080 --> 00:20:37,760
Speaker 1: I said, cool, done, I'll do that, and.

473
00:20:37,640 --> 00:20:40,280
Speaker 2: I totally like literally, I think it was again, also,

474
00:20:40,320 --> 00:20:41,800
Speaker 2: I need you to jump off a bridge, and you.

475
00:20:41,720 --> 00:20:45,240
Speaker 1: Were like cool. I was about that, Dan, But I

476
00:20:45,320 --> 00:20:48,760
Speaker 1: invested my money. I opened a roth Ira. But the

477
00:20:48,760 --> 00:20:51,399
Speaker 1: thing is, I have things out of order, right, And

478
00:20:51,440 --> 00:20:53,960
Speaker 1: so even though you do want to get investing, you

479
00:20:54,040 --> 00:20:55,320
Speaker 1: do want to make sure you've got some money in

480
00:20:55,359 --> 00:20:58,040
Speaker 1: the bank, and unfortunately I didn't. Really, I wasn't well versed,

481
00:20:58,080 --> 00:20:58,840
Speaker 1: I wasn't well rounded.

482
00:20:58,840 --> 00:20:59,960
Speaker 2: I just didn't have that E fund started.

483
00:21:00,240 --> 00:21:02,199
Speaker 1: No, I didn't. And that was the problem. That was

484
00:21:02,240 --> 00:21:04,240
Speaker 1: money that I actually had to take out of that

485
00:21:04,320 --> 00:21:07,000
Speaker 1: account a number of months later because I didn't I

486
00:21:07,040 --> 00:21:08,359
Speaker 1: didn't have any margin in my life, and I was

487
00:21:08,400 --> 00:21:10,280
Speaker 1: looking for some money to help me with my move

488
00:21:10,760 --> 00:21:13,160
Speaker 1: to Atlanta once I got my first what I call

489
00:21:13,280 --> 00:21:16,080
Speaker 1: my first big boy job. But nor was I actually

490
00:21:16,080 --> 00:21:19,480
Speaker 1: invested in a low cost index fund either. I was

491
00:21:19,520 --> 00:21:22,199
Speaker 1: invested in a fund that he had recommended and he

492
00:21:22,200 --> 00:21:24,560
Speaker 1: had seen good results over the you know, a few

493
00:21:24,600 --> 00:21:26,480
Speaker 1: years that he was invested, but it was a really

494
00:21:26,560 --> 00:21:30,640
Speaker 1: expensive mutual fund that was managed by like this rock

495
00:21:30,680 --> 00:21:33,240
Speaker 1: star fund manager. And so what that meant was that

496
00:21:33,880 --> 00:21:36,000
Speaker 1: as soon as I started investing in it, it didn't

497
00:21:36,000 --> 00:21:38,960
Speaker 1: do so great. And then on top of that, any

498
00:21:39,000 --> 00:21:41,879
Speaker 1: returns that I was receiving was getting eaten away my fees.

499
00:21:41,920 --> 00:21:44,399
Speaker 1: And so that's why not because of that one lesson,

500
00:21:44,520 --> 00:21:46,680
Speaker 1: but since that was my first lesson, the first time

501
00:21:46,720 --> 00:21:48,920
Speaker 1: I learned that low cost index funds were the way

502
00:21:48,960 --> 00:21:51,240
Speaker 1: to go. But we have just seen over years and

503
00:21:51,280 --> 00:21:56,159
Speaker 1: decades that widely diversified funds that cost virtually nothing is

504
00:21:56,400 --> 00:21:58,439
Speaker 1: what you and I are currently invested in. It's what

505
00:21:58,480 --> 00:22:00,760
Speaker 1: we recommend for everybody who's in the off building stage

506
00:22:00,800 --> 00:22:03,280
Speaker 1: of their life. But that was that was a lesson

507
00:22:03,280 --> 00:22:05,480
Speaker 1: I learned, Yeah, maybe the hard way. Well that's a

508
00:22:05,760 --> 00:22:08,280
Speaker 1: that's a couple of lessons. It's really which funds you

509
00:22:08,680 --> 00:22:11,880
Speaker 1: are are are smart to invest in you You also

510
00:22:12,080 --> 00:22:15,119
Speaker 1: learned about timing of things. Order of operations is important.

511
00:22:15,240 --> 00:22:17,679
Speaker 1: Can we talk about that in our seven money gears

512
00:22:17,680 --> 00:22:20,359
Speaker 1: and how there is there is a way route in

513
00:22:20,359 --> 00:22:23,640
Speaker 1: which you should go and investing before you have any

514
00:22:23,680 --> 00:22:25,720
Speaker 1: savings on hand is a bad idea because yeah, you

515
00:22:25,800 --> 00:22:27,520
Speaker 1: might need to pull that money out and that is

516
00:22:27,520 --> 00:22:29,679
Speaker 1: not an ideal situation. Yet you gotta have that margin.

517
00:22:30,280 --> 00:22:32,800
Speaker 1: Something else I mentioned too, that same friend who had

518
00:22:32,840 --> 00:22:35,520
Speaker 1: told me about opening my first you know, opening my

519
00:22:35,600 --> 00:22:41,040
Speaker 1: roth Ira. Interestingly, he had purchased a home that my

520
00:22:41,040 --> 00:22:43,320
Speaker 1: friend and I were renting from, and so this was

521
00:22:43,359 --> 00:22:45,919
Speaker 1: my first introduction to investment properties. And he made it

522
00:22:45,960 --> 00:22:47,920
Speaker 1: look so fun and so great because he owned the

523
00:22:47,920 --> 00:22:49,919
Speaker 1: place that were friends with them anyway, right, and so

524
00:22:50,440 --> 00:22:52,399
Speaker 1: he would come by and hang out. This is up

525
00:22:52,400 --> 00:22:54,439
Speaker 1: in North Carolina. It's kind of cold up there, so

526
00:22:54,480 --> 00:22:58,520
Speaker 1: we'd have like like guys chilly nights and we'd have

527
00:22:58,600 --> 00:23:01,520
Speaker 1: some friends over. That's actually coincidentally, that's when I first

528
00:23:01,520 --> 00:23:04,679
Speaker 1: started drinking nicer craft beer. So that was a very

529
00:23:05,040 --> 00:23:07,920
Speaker 1: formational period of my life when I learned a lot.

530
00:23:08,480 --> 00:23:11,360
Speaker 1: But looking back, I realized that was my first introduction

531
00:23:11,400 --> 00:23:14,160
Speaker 1: to understanding the fact that, oh, you could invest in

532
00:23:14,240 --> 00:23:17,400
Speaker 1: real estate. You can buy a property that can generate

533
00:23:17,520 --> 00:23:19,960
Speaker 1: income for you, and you can do that like with

534
00:23:20,000 --> 00:23:22,800
Speaker 1: a good conscience. It's not like this evil landlord who

535
00:23:22,840 --> 00:23:25,919
Speaker 1: is trying to extract as much value out of the

536
00:23:25,960 --> 00:23:28,560
Speaker 1: tenet as possible. It's not like this massive imbalance of power.

537
00:23:29,240 --> 00:23:31,359
Speaker 1: You can do it in a way that provides good

538
00:23:31,359 --> 00:23:32,840
Speaker 1: for a lot of people. And I think that was

539
00:23:32,880 --> 00:23:35,160
Speaker 1: really important when it came to sort of planning those

540
00:23:35,200 --> 00:23:37,960
Speaker 1: initial seeds of real estate investing.

541
00:23:38,320 --> 00:23:41,360
Speaker 2: So it's interesting my eight year old Selma, she got

542
00:23:41,600 --> 00:23:44,000
Speaker 2: Monopoly Junior for Christmas. Oh nice, and so we've been

543
00:23:44,000 --> 00:23:46,280
Speaker 2: playing is that the one with the cards or is

544
00:23:46,280 --> 00:23:48,280
Speaker 2: it actually the game board? Is actually the game boar

545
00:23:48,720 --> 00:23:51,320
Speaker 2: and it is. It's a lot of fun, and she's

546
00:23:51,680 --> 00:23:54,560
Speaker 2: getting understanding real estate investing more where she's like, I

547
00:23:54,600 --> 00:23:56,320
Speaker 2: buy this thing and then when people land on it,

548
00:23:56,359 --> 00:23:58,720
Speaker 2: they have to pay me money. And it's like she's like,

549
00:23:59,000 --> 00:24:01,000
Speaker 2: this is this It sounds like a lot of the

550
00:24:01,000 --> 00:24:04,640
Speaker 2: way you do adding yeah, yeah, and so, yeah, trying

551
00:24:04,640 --> 00:24:07,879
Speaker 2: to expound on the nuance behind a rental property or

552
00:24:07,920 --> 00:24:10,560
Speaker 2: even just starting a business with her. And it's interesting

553
00:24:10,600 --> 00:24:13,679
Speaker 2: how something as small as Monopoly Junior has been kind

554
00:24:13,720 --> 00:24:15,680
Speaker 2: of a way to do that. And yeah, real estate investing,

555
00:24:15,720 --> 00:24:16,960
Speaker 2: you know, you and I've talked about it a bunch

556
00:24:17,080 --> 00:24:19,359
Speaker 2: on the show. It's been great for you and I overall.

557
00:24:19,400 --> 00:24:21,439
Speaker 2: And yeah, I think do think of it as a

558
00:24:21,480 --> 00:24:23,720
Speaker 2: service in a capitalistic economy, where you can offer something

559
00:24:23,720 --> 00:24:26,440
Speaker 2: good to somebody that they need h and at the

560
00:24:26,440 --> 00:24:29,400
Speaker 2: same time make money. But talk to me about your

561
00:24:29,600 --> 00:24:32,080
Speaker 2: Downton Abbey epiphany, because this is one of the things

562
00:24:32,080 --> 00:24:34,120
Speaker 2: actually on the about us page on how to Money

563
00:24:34,160 --> 00:24:36,040
Speaker 2: dot com, you and I both have written just a

564
00:24:36,080 --> 00:24:38,560
Speaker 2: little bit about our personal lives, and this is one

565
00:24:38,600 --> 00:24:40,000
Speaker 2: of the things that you mentioned in there. It's this

566
00:24:40,040 --> 00:24:41,600
Speaker 2: competition with your wife.

567
00:24:41,520 --> 00:24:43,000
Speaker 1: Cape back in the day. Have you ever talked about

568
00:24:43,000 --> 00:24:44,240
Speaker 1: it on the show? I don't think so, Okay, so

569
00:24:44,320 --> 00:24:46,720
Speaker 1: I know I've talked about it on other shows. I guess, Yeah,

570
00:24:46,720 --> 00:24:48,159
Speaker 1: this is a great time, I guess to share it

571
00:24:48,160 --> 00:24:48,800
Speaker 1: now when you're on.

572
00:24:48,800 --> 00:24:51,960
Speaker 2: The Today Show or uh, Larry King back.

573
00:24:51,920 --> 00:24:54,280
Speaker 1: So before, I mean, that was a great moment because

574
00:24:54,400 --> 00:24:56,240
Speaker 1: it was a time when Kate and I were getting

575
00:24:56,240 --> 00:25:00,359
Speaker 1: on the same page, specifically about like a higher level goal.

576
00:25:00,560 --> 00:25:02,680
Speaker 1: But that wasn't always the case. And even before before

577
00:25:02,680 --> 00:25:04,840
Speaker 1: the Downtown story, I want to I'll mention Dave Ramsey

578
00:25:05,080 --> 00:25:07,680
Speaker 1: because Kate and I like when we were dating, and

579
00:25:07,960 --> 00:25:10,080
Speaker 1: even when we were engaged that entire period of time,

580
00:25:10,240 --> 00:25:11,960
Speaker 1: Kate was still in school, she was in college. She

581
00:25:12,000 --> 00:25:14,119
Speaker 1: was a full time student, taking a full load. She

582
00:25:14,160 --> 00:25:16,600
Speaker 1: was graduating early, so she was taking so many hours.

583
00:25:16,760 --> 00:25:18,680
Speaker 1: She was ready to, you know, to move to Atlanta

584
00:25:18,760 --> 00:25:20,760
Speaker 1: live with me. But I was a little bit concerned

585
00:25:20,800 --> 00:25:24,120
Speaker 1: because we had never essentially earned money. We hadn't lived

586
00:25:24,160 --> 00:25:26,600
Speaker 1: lives together while we had careers while we had earned

587
00:25:26,600 --> 00:25:29,000
Speaker 1: money where we're spending real amounts of money, and there's

588
00:25:29,000 --> 00:25:31,840
Speaker 1: no sort of set path on how to talk about that.

589
00:25:32,000 --> 00:25:34,600
Speaker 1: And so before we got married, actually I wanted us

590
00:25:34,640 --> 00:25:36,879
Speaker 1: to have more conversations around that. And actually, so I

591
00:25:36,920 --> 00:25:39,520
Speaker 1: got his tickets to Dave Ramsey. He had one by

592
00:25:39,800 --> 00:25:42,240
Speaker 1: I guess he still doesn't. I've heard of this guy, Yeah, yeah,

593
00:25:42,240 --> 00:25:45,040
Speaker 1: you've heard of this guy. This this hillbilly from Tennessee.

594
00:25:45,640 --> 00:25:48,359
Speaker 1: But he had these live events and it's where he

595
00:25:48,640 --> 00:25:51,040
Speaker 1: you know, he covers the basics of personal finance basically,

596
00:25:51,080 --> 00:25:53,040
Speaker 1: and he kind of takes you through his brand of

597
00:25:53,080 --> 00:25:56,560
Speaker 1: personal finance, a lot of which we disagree with here

598
00:25:56,640 --> 00:25:58,480
Speaker 1: on how to money, We've talked a good start for

599
00:25:58,520 --> 00:26:00,399
Speaker 1: a lot of It's a great start, especially if you

600
00:26:00,440 --> 00:26:03,040
Speaker 1: have a lot of debts, and so, I mean, anybody

601
00:26:03,040 --> 00:26:06,240
Speaker 1: who is looking for some motivation to get out of debt,

602
00:26:06,280 --> 00:26:07,359
Speaker 1: I think that's a great place to start.

603
00:26:07,400 --> 00:26:09,480
Speaker 2: Sometimes it's not even the principles that we did disagree

604
00:26:09,520 --> 00:26:10,439
Speaker 2: with that, it's the approach.

605
00:26:10,480 --> 00:26:12,080
Speaker 1: Although some of the principles, some of the principles we

606
00:26:12,080 --> 00:26:14,760
Speaker 1: definitely disagree with, but yeah, and just his attitude, his approach.

607
00:26:15,320 --> 00:26:18,920
Speaker 1: But regardless, that was I didn't know if anybody else,

608
00:26:19,160 --> 00:26:21,520
Speaker 1: anybody else to turn to any other sort of way

609
00:26:21,600 --> 00:26:22,840
Speaker 1: for us to get on the same page. And so

610
00:26:22,880 --> 00:26:24,880
Speaker 1: we went to this thing and it was great because

611
00:26:24,880 --> 00:26:27,240
Speaker 1: it allowed Kate and I to have a shared vocabulary.

612
00:26:27,400 --> 00:26:29,320
Speaker 1: It allowed us to talk about our money in a

613
00:26:29,359 --> 00:26:32,520
Speaker 1: way that was constructive as opposed to only talking about

614
00:26:32,560 --> 00:26:34,520
Speaker 1: it when we had arguments.

615
00:26:34,720 --> 00:26:36,679
Speaker 2: He's like the unbiased third party that entered into your

616
00:26:36,720 --> 00:26:38,919
Speaker 2: relationship to give you some advice that you sorely needed

617
00:26:39,000 --> 00:26:40,880
Speaker 2: and give you the ability to then talk about it.

618
00:26:40,800 --> 00:26:42,679
Speaker 1: Well exactly, yeah, And so I wanted to mention that

619
00:26:42,720 --> 00:26:45,080
Speaker 1: because that was helpful for us early on. It was

620
00:26:45,080 --> 00:26:47,960
Speaker 1: good for us as we started to basically build our

621
00:26:48,040 --> 00:26:50,199
Speaker 1: life together, and so that was sort of like the

622
00:26:50,240 --> 00:26:52,639
Speaker 1: initial sort of building block. And then you mentioned the

623
00:26:52,640 --> 00:26:55,359
Speaker 1: Downton Abbey story, and that was another sort of moment

624
00:26:55,400 --> 00:26:57,400
Speaker 1: where it felt like that we were becoming even more

625
00:26:57,400 --> 00:27:00,320
Speaker 1: aligned with our goals. And we'd been kind of watching

626
00:27:00,320 --> 00:27:02,320
Speaker 1: it down to an Abbey earlier that week we're driving.

627
00:27:02,320 --> 00:27:03,960
Speaker 2: It wasn't at that point in time it was a

628
00:27:04,000 --> 00:27:06,200
Speaker 2: hot show. It was man, it was like the squid

629
00:27:06,240 --> 00:27:06,960
Speaker 2: Game of its time.

630
00:27:06,960 --> 00:27:08,800
Speaker 1: Especially, Like I mean, they were just living this life

631
00:27:08,840 --> 00:27:10,600
Speaker 1: of leisure and they're just in this you know, this

632
00:27:11,040 --> 00:27:14,000
Speaker 1: giant English countryside castle. And Kate asked, She's like, well,

633
00:27:14,000 --> 00:27:15,840
Speaker 1: how how do they do that? Like was that actually

634
00:27:15,880 --> 00:27:19,720
Speaker 1: real life? And we got to talking about wealth and

635
00:27:19,760 --> 00:27:23,040
Speaker 1: the ability for your money to you know, do the

636
00:27:23,080 --> 00:27:24,960
Speaker 1: heavy lifting for you. Like when you have enough wealth,

637
00:27:25,520 --> 00:27:27,719
Speaker 1: that money is when you put it to use uh

638
00:27:27,880 --> 00:27:29,720
Speaker 1: in certain ways, when you invest it, that that money

639
00:27:29,760 --> 00:27:32,359
Speaker 1: is able to then grow and then you have options

640
00:27:32,400 --> 00:27:36,439
Speaker 1: and that was essentially our first conversation about financial independence,

641
00:27:36,520 --> 00:27:38,720
Speaker 1: which is something that was in the back of my mind.

642
00:27:39,000 --> 00:27:41,280
Speaker 1: Like I remember my dad literally telling me that story.

643
00:27:41,280 --> 00:27:43,720
Speaker 1: He's like, there's this like picture sort of like a

644
00:27:43,800 --> 00:27:45,520
Speaker 1: roller coaster and like, once you kind of reach that

645
00:27:45,600 --> 00:27:49,160
Speaker 1: peak and your money starts making more money than you do, well,

646
00:27:49,160 --> 00:27:50,840
Speaker 1: then if you want to, you can just kick back

647
00:27:51,080 --> 00:27:52,040
Speaker 1: and you'll be cruising.

648
00:27:52,119 --> 00:27:54,080
Speaker 2: Yeah, and then then you two can be become a

649
00:27:54,080 --> 00:27:59,000
Speaker 2: member of the British aristography exactly, just avoid cruises on

650
00:27:59,080 --> 00:28:02,720
Speaker 2: brand new ships that might sink in the freezing ocean.

651
00:28:02,840 --> 00:28:07,040
Speaker 1: But anyway, like that's what got us talking about financial independence,

652
00:28:07,240 --> 00:28:08,760
Speaker 1: and for us that was really cool because it helped

653
00:28:08,800 --> 00:28:11,600
Speaker 1: us to realize that there might be these these sort

654
00:28:11,600 --> 00:28:14,720
Speaker 1: of longer term goals that we're working towards as opposed

655
00:28:14,720 --> 00:28:18,359
Speaker 1: to us continuing to trade our time for money instead

656
00:28:18,440 --> 00:28:20,680
Speaker 1: putting our money to use in ways that would allow

657
00:28:20,720 --> 00:28:21,440
Speaker 1: our money to grow.

658
00:28:21,520 --> 00:28:23,960
Speaker 2: And that is I think as people start to kind

659
00:28:23,960 --> 00:28:26,320
Speaker 2: of wrestle with different personal finance topics, as you start

660
00:28:26,359 --> 00:28:30,080
Speaker 2: to learn more, when you find out what compounding returns do,

661
00:28:30,280 --> 00:28:33,080
Speaker 2: how they work, and how much your money can work

662
00:28:33,119 --> 00:28:36,320
Speaker 2: for you over the long haul over decades. It's kind

663
00:28:36,320 --> 00:28:38,160
Speaker 2: of one of those like epiphany moments, and then you

664
00:28:38,200 --> 00:28:40,920
Speaker 2: realize the concept of financial independence and that it can

665
00:28:40,960 --> 00:28:43,360
Speaker 2: be broken down even into a simple math problem, but

666
00:28:43,640 --> 00:28:47,040
Speaker 2: the reality that you can. There are all these steps

667
00:28:47,080 --> 00:28:50,200
Speaker 2: along the way that provide different amounts of financial independence

668
00:28:50,200 --> 00:28:52,400
Speaker 2: in your life. And then that ultimate reality where you

669
00:28:52,480 --> 00:28:54,400
Speaker 2: have enough money in the bank account that you don't

670
00:28:54,400 --> 00:28:56,080
Speaker 2: have to work if you don't want to. Is it's

671
00:28:56,080 --> 00:28:58,920
Speaker 2: pretty incredible. But there are all these little mind blowing

672
00:28:59,280 --> 00:29:01,200
Speaker 2: things along the way, these dominoes at fall I think

673
00:29:01,200 --> 00:29:04,080
Speaker 2: in your personal finance education, but that is one of them, right,

674
00:29:04,080 --> 00:29:06,120
Speaker 2: and that is one of the biggest ones. I remember

675
00:29:06,400 --> 00:29:08,239
Speaker 2: I was already like investing, well, I knew a lot

676
00:29:08,240 --> 00:29:10,600
Speaker 2: of the basics of personal finance. But then when I

677
00:29:10,680 --> 00:29:13,080
Speaker 2: kind of started to get into and read some of

678
00:29:13,120 --> 00:29:15,720
Speaker 2: the smarter folks in the financial independence movement, and I

679
00:29:15,760 --> 00:29:17,719
Speaker 2: was like, oh, I didn't know money could do that,

680
00:29:17,800 --> 00:29:19,200
Speaker 2: and like that is that is mind blowing?

681
00:29:19,280 --> 00:29:21,880
Speaker 1: Right? Yeah, it's it's pretty life changing. Yeah, yeah, no,

682
00:29:22,040 --> 00:29:24,680
Speaker 1: it truly is. Another funny note too, is that we

683
00:29:24,720 --> 00:29:27,600
Speaker 1: had that conversation while we were in this crazy, old,

684
00:29:27,640 --> 00:29:28,440
Speaker 1: crusty Honda.

685
00:29:28,520 --> 00:29:29,840
Speaker 2: Yeah, I wanted to ask you about that, had you

686
00:29:29,920 --> 00:29:31,400
Speaker 2: chant at that point like you said, yeah, you're right

687
00:29:31,440 --> 00:29:33,440
Speaker 2: about you you're in this like nasty car at this point.

688
00:29:33,560 --> 00:29:36,640
Speaker 2: Oh you prioritize vehicles before then, because I mean, on

689
00:29:37,080 --> 00:29:39,760
Speaker 2: the crusty I think I think you did. So is

690
00:29:39,760 --> 00:29:40,360
Speaker 2: is this is this?

691
00:29:40,560 --> 00:29:42,520
Speaker 1: It this loing back at that car with so much respect,

692
00:29:42,680 --> 00:29:44,480
Speaker 1: like I almost wish we still got it to and

693
00:29:44,880 --> 00:29:47,520
Speaker 1: it was amazing. It was an amazing car. And so

694
00:29:47,760 --> 00:29:49,880
Speaker 1: we didn't have to do that. And what's interesting is

695
00:29:49,880 --> 00:29:52,880
Speaker 1: like that was one of the first more quote unquote

696
00:29:52,880 --> 00:29:55,840
Speaker 1: extreme steps that we had taken in order to save

697
00:29:55,960 --> 00:29:59,000
Speaker 1: money faster, in order to minimize our expenses. At that

698
00:29:59,000 --> 00:30:02,240
Speaker 1: point in time, we weren't having a ton, we were

699
00:30:02,240 --> 00:30:05,000
Speaker 1: working from home because we'd started our business, and so

700
00:30:05,080 --> 00:30:07,200
Speaker 1: we realized at that point in time we could why

701
00:30:07,240 --> 00:30:09,800
Speaker 1: not just try just having one car? And so for

702
00:30:09,880 --> 00:30:12,000
Speaker 1: us that was you know, like fourteen years ago, fourteen

703
00:30:12,040 --> 00:30:16,320
Speaker 1: fifteen years ago where we have only had one vehicle

704
00:30:16,560 --> 00:30:19,280
Speaker 1: in our family. But the reason we were doing that, though,

705
00:30:19,320 --> 00:30:21,280
Speaker 1: is because we had the goal to be able to

706
00:30:21,320 --> 00:30:24,000
Speaker 1: put down twenty percent on the first house that we're

707
00:30:24,040 --> 00:30:26,520
Speaker 1: saving up for. We're saving up our first down payment,

708
00:30:26,920 --> 00:30:29,600
Speaker 1: and the thing is too Like I had a nicer,

709
00:30:29,760 --> 00:30:33,640
Speaker 1: newer Grand Cherokee, and we sold that vehicle because we

710
00:30:33,640 --> 00:30:34,480
Speaker 1: were being smart.

711
00:30:34,560 --> 00:30:36,960
Speaker 2: You downgraded we purpose we did.

712
00:30:36,800 --> 00:30:38,720
Speaker 1: Because we knew we could get more for that vehicle.

713
00:30:38,800 --> 00:30:40,320
Speaker 1: Let's get that off to somebody else, and we're going

714
00:30:40,400 --> 00:30:42,160
Speaker 1: to continue to drive the car that gave us the

715
00:30:42,160 --> 00:30:45,880
Speaker 1: best gas mileage, that old Honda Accord. It was a

716
00:30:45,920 --> 00:30:46,600
Speaker 1: fantastic car.

717
00:30:46,760 --> 00:30:49,120
Speaker 2: When you and I we still share that same philosophy

718
00:30:49,280 --> 00:30:51,719
Speaker 2: about cars. You have one car minivan. I have one

719
00:30:51,760 --> 00:30:55,160
Speaker 2: car minivan, and they're both pretty inexpensive. Mine was literally

720
00:30:55,160 --> 00:30:57,160
Speaker 2: five thousand dollars. That is the only car that our

721
00:30:57,200 --> 00:31:00,200
Speaker 2: family owns. And it's not because we can't afford a

722
00:31:00,280 --> 00:31:02,560
Speaker 2: nicer car. It is a purposeful choice. And I think

723
00:31:02,760 --> 00:31:06,520
Speaker 2: like once that epiphany hits you, you become willing almost

724
00:31:06,560 --> 00:31:09,080
Speaker 2: to make more oddball choices that most people aren't willing

725
00:31:09,120 --> 00:31:11,280
Speaker 2: to make, because it's propelling you more in that direction

726
00:31:11,400 --> 00:31:13,840
Speaker 2: that you want to go, Like you realize what financial

727
00:31:13,840 --> 00:31:16,200
Speaker 2: independence can do for you, that you can kind of

728
00:31:16,200 --> 00:31:18,920
Speaker 2: get to the top of that roller coaster through by

729
00:31:18,960 --> 00:31:22,400
Speaker 2: making a few smaller choices that to most people they're

730
00:31:22,440 --> 00:31:25,560
Speaker 2: unwilling to make. But in your new reality, it's not

731
00:31:25,600 --> 00:31:27,479
Speaker 2: that big of a deal because it allows you to

732
00:31:27,520 --> 00:31:29,320
Speaker 2: get where you want to go a whole lot quicker.

733
00:31:29,400 --> 00:31:31,360
Speaker 1: Absolutely. Yeah, And a lot of folks will say, well,

734
00:31:31,400 --> 00:31:33,840
Speaker 1: this car it's paid off. It's like, well, first of all,

735
00:31:33,960 --> 00:31:35,720
Speaker 1: you shouldn't have had a payment on that car anyway.

736
00:31:36,840 --> 00:31:38,880
Speaker 1: But then secondly they're like insurance, it's not all that

737
00:31:39,000 --> 00:31:41,720
Speaker 1: much money. But yeah, sure, maybe for you know, one year,

738
00:31:41,720 --> 00:31:43,920
Speaker 1: it's not that big of a deal, but over multiple years,

739
00:31:44,280 --> 00:31:46,720
Speaker 1: after ten, fifteen years, like that money really does add

740
00:31:46,800 --> 00:31:49,320
Speaker 1: up and it can have a big impact and appreciation.

741
00:31:49,480 --> 00:31:51,200
Speaker 2: You got that two year old car, think about how

742
00:31:51,240 --> 00:31:52,680
Speaker 2: much it's going to appreciate in the next three to

743
00:31:52,720 --> 00:31:54,640
Speaker 2: five years. And absolutely we're not telling everyone they have

744
00:31:54,720 --> 00:31:56,680
Speaker 2: to live the way we live, but it is it's

745
00:31:56,680 --> 00:31:58,040
Speaker 2: interesting when we go back to.

746
00:31:58,040 --> 00:32:00,560
Speaker 1: Some similar patterns. Yeah, yeah, I mean, obviously we'll get

747
00:32:00,560 --> 00:32:02,040
Speaker 1: to your story next week, but I mean there's some

748
00:32:02,200 --> 00:32:03,960
Speaker 1: there's definitely some over like we're very different in a

749
00:32:03,960 --> 00:32:06,880
Speaker 1: lot of ways, but there's a lot of core fundamentals

750
00:32:06,960 --> 00:32:09,960
Speaker 1: that are the same. Because to a certain extent, there's

751
00:32:10,000 --> 00:32:12,680
Speaker 1: a certain formula that you can easily follow that's going

752
00:32:12,720 --> 00:32:15,360
Speaker 1: to allow you to achieve financial freedom, of financial independence

753
00:32:15,360 --> 00:32:17,200
Speaker 1: a lot faster. I wanted to mention the car thing too,

754
00:32:17,320 --> 00:32:20,320
Speaker 1: because you're asking about like my money struggles and how

755
00:32:20,320 --> 00:32:23,600
Speaker 1: that's sort of essentially my biggest mistake that I think

756
00:32:23,640 --> 00:32:26,600
Speaker 1: of when I look back, and I wonder if if

757
00:32:26,600 --> 00:32:30,080
Speaker 1: I've essentially overcompensated before those past errors, you know, like

758
00:32:30,240 --> 00:32:35,520
Speaker 1: I've got all these SUVs, these expensive to maintain, terrible

759
00:32:35,520 --> 00:32:38,160
Speaker 1: gas milage SUVs haunting me from my past, and so

760
00:32:38,240 --> 00:32:40,960
Speaker 1: I'm only driving very fuel efficient Hondas.

761
00:32:41,280 --> 00:32:42,760
Speaker 2: The most economical choice.

762
00:32:42,880 --> 00:32:45,320
Speaker 1: Yes, aside from like tellyo to and Lexus or whatever.

763
00:32:45,360 --> 00:32:46,480
Speaker 2: I get it, I get it. All right, Well, we

764
00:32:46,520 --> 00:32:47,800
Speaker 2: got we got I got a few more questions to

765
00:32:47,800 --> 00:32:49,400
Speaker 2: get to. Man, I want to talk about your formation

766
00:32:49,680 --> 00:32:52,000
Speaker 2: of your first small business. We can talk even about

767
00:32:52,040 --> 00:32:54,160
Speaker 2: the podcast a little bit and how we got started here,

768
00:32:54,360 --> 00:32:57,200
Speaker 2: but yeah, let's get to some more of your story

769
00:32:57,280 --> 00:33:08,760
Speaker 2: right after this. All right, we're back and special guest

770
00:33:08,800 --> 00:33:11,480
Speaker 2: on today's even I'm here Matt Altmis, my co host,

771
00:33:11,520 --> 00:33:14,560
Speaker 2: my best friend, and we started Matt, can you believe

772
00:33:14,560 --> 00:33:17,040
Speaker 2: we started having money four years ago? And it's been

773
00:33:17,480 --> 00:33:20,040
Speaker 2: a whole lot of fun. There we've developed this incredible

774
00:33:20,040 --> 00:33:23,000
Speaker 2: community of people who listen, who care about the show,

775
00:33:23,120 --> 00:33:25,240
Speaker 2: who have learned a lot and made a lot of

776
00:33:25,360 --> 00:33:27,920
Speaker 2: changes in their lives. And so this is but this

777
00:33:28,000 --> 00:33:30,120
Speaker 2: is not the first small business you started. I want

778
00:33:30,120 --> 00:33:32,000
Speaker 2: to talk about the first one that you began, and

779
00:33:32,080 --> 00:33:34,160
Speaker 2: it was not too long after you graduated from college.

780
00:33:34,160 --> 00:33:37,560
Speaker 2: You mentioned kind of being like a beauty school dropout. Basically,

781
00:33:38,120 --> 00:33:39,960
Speaker 2: you were in the corporate world for a hot minute,

782
00:33:39,960 --> 00:33:43,040
Speaker 2: and then you were gone and you decided to smart

783
00:33:43,080 --> 00:33:46,720
Speaker 2: start your own photography business. What made you feel like

784
00:33:46,760 --> 00:33:49,360
Speaker 2: you could you could jump ship and start your own business?

785
00:33:49,400 --> 00:33:49,640
Speaker 1: Was it? Was?

786
00:33:49,680 --> 00:33:52,280
Speaker 2: It really mostly the inspiration from your mom and kind

787
00:33:52,280 --> 00:33:54,480
Speaker 2: of like what you learn growing up about entrepreneurship, because

788
00:33:54,520 --> 00:33:56,920
Speaker 2: it always felt like unapproachable to me for a long.

789
00:33:56,800 --> 00:33:58,880
Speaker 1: Time, right, I mean literally, it just came down to

790
00:33:58,920 --> 00:34:01,000
Speaker 1: crunching the numbers. I mean, and so I've always found

791
00:34:01,080 --> 00:34:03,680
Speaker 1: I mean, this is why I have Excel spreadsheets going

792
00:34:03,720 --> 00:34:06,760
Speaker 1: back to like, yeah, two thousand and six. But when

793
00:34:06,760 --> 00:34:09,319
Speaker 1: I sat down and crunched the numbers and mapped out

794
00:34:09,880 --> 00:34:12,919
Speaker 1: the ability for me to make a living with something

795
00:34:12,960 --> 00:34:15,479
Speaker 1: else other than my standard job. Granted I wasn't making

796
00:34:15,480 --> 00:34:17,200
Speaker 1: a Ton back then, and so it was it's easier

797
00:34:17,239 --> 00:34:19,880
Speaker 1: to make anything look good once you crunched the numbers.

798
00:34:20,000 --> 00:34:23,240
Speaker 1: But that gave me the confidence to know that, wow, okay,

799
00:34:23,239 --> 00:34:25,160
Speaker 1: this is something that not only could I do and

800
00:34:25,160 --> 00:34:28,160
Speaker 1: find enjoyment and satisfaction by doing, but this is something

801
00:34:28,200 --> 00:34:31,680
Speaker 1: that can provide for Kate and I in a serious way.

802
00:34:32,000 --> 00:34:34,359
Speaker 1: And so I mean that coupled with the fact that

803
00:34:34,520 --> 00:34:37,839
Speaker 1: neither Kate nor I had any debt. By any debt,

804
00:34:37,880 --> 00:34:40,200
Speaker 1: I mean like zero, Like we didn't a lucky way.

805
00:34:40,040 --> 00:34:42,000
Speaker 2: To start off in a lot of ways, absolutely, especially

806
00:34:42,040 --> 00:34:43,759
Speaker 2: these days, like that is not the case. It isn't

807
00:34:43,760 --> 00:34:44,760
Speaker 2: that hard to come by.

808
00:34:44,640 --> 00:34:45,319
Speaker 1: Any student loans.

809
00:34:45,360 --> 00:34:48,239
Speaker 2: We both had scholarship like unicorns in today's art.

810
00:34:48,360 --> 00:34:50,759
Speaker 1: Yeah, and as well as small amounts of money that

811
00:34:50,760 --> 00:34:54,279
Speaker 1: our parents had dedicated for our college as well. But

812
00:34:54,360 --> 00:34:56,880
Speaker 1: we both also had enough basic financial knowledge to know

813
00:34:56,960 --> 00:34:58,880
Speaker 1: that we weren't going to go into consumer debt. We

814
00:34:59,080 --> 00:35:01,200
Speaker 1: you know, I mentioned and knowing to pay off my

815
00:35:01,239 --> 00:35:03,800
Speaker 1: credit cards literally at the age of like sixteen or

816
00:35:03,800 --> 00:35:06,680
Speaker 1: eighteen years old, I knew that that's how you approach

817
00:35:07,000 --> 00:35:08,719
Speaker 1: credit cards, at least in the same thing with Kate,

818
00:35:08,760 --> 00:35:11,560
Speaker 1: And so that allowed us to take what seemed like

819
00:35:11,960 --> 00:35:15,520
Speaker 1: more of a risk to step away from jobs that

820
00:35:15,640 --> 00:35:18,520
Speaker 1: were solid, that were dependable, that were paying us, you know,

821
00:35:18,560 --> 00:35:19,960
Speaker 1: a paycheck every two weeks.

822
00:35:19,960 --> 00:35:22,520
Speaker 2: If you had had large amounts of debt weighing you down,

823
00:35:22,600 --> 00:35:25,440
Speaker 2: whether it was school debt, credit card debt, anything, you

824
00:35:25,440 --> 00:35:26,920
Speaker 2: would have probably found it a lot more difficult. It

825
00:35:26,920 --> 00:35:28,120
Speaker 2: would a bigger risk.

826
00:35:28,200 --> 00:35:30,080
Speaker 1: Yeah, absolutely, And we didn't. I mean, we didn't even

827
00:35:30,080 --> 00:35:31,640
Speaker 1: have a mortgage at that point. We were just renting

828
00:35:31,760 --> 00:35:32,240
Speaker 1: a place.

829
00:35:32,560 --> 00:35:34,160
Speaker 2: But and you're like, we can always skip down if

830
00:35:34,160 --> 00:35:35,640
Speaker 2: we can't afford rent.

831
00:35:35,680 --> 00:35:37,680
Speaker 1: Like I wanted to mention too, just again, I want

832
00:35:37,719 --> 00:35:41,480
Speaker 1: to reiterate crunching the numbers and having that knowledge and

833
00:35:41,520 --> 00:35:43,600
Speaker 1: the comfort that that brought, because what I realized, too,

834
00:35:43,960 --> 00:35:46,680
Speaker 1: is that by going through that process and crunching the numbers,

835
00:35:46,680 --> 00:35:49,080
Speaker 1: even just on the cost of healthcare, I learned that

836
00:35:49,160 --> 00:35:51,200
Speaker 1: even if I was going to stay with the company

837
00:35:51,200 --> 00:35:53,440
Speaker 1: I was with, it didn't make sense for me to

838
00:35:53,760 --> 00:35:56,560
Speaker 1: be a part of the company healthcare plan because it

839
00:35:56,600 --> 00:35:58,520
Speaker 1: was so expensive. And so I see that almost as

840
00:35:58,520 --> 00:36:01,680
Speaker 1: like this turning point from thinking that the world's going

841
00:36:01,719 --> 00:36:03,120
Speaker 1: to take care of you, or your employer is going

842
00:36:03,160 --> 00:36:05,560
Speaker 1: to take care of you as you know to like, Okay, no,

843
00:36:05,560 --> 00:36:07,320
Speaker 1: now I'm in the driver's seats, and you got a

844
00:36:07,360 --> 00:36:09,719
Speaker 1: question more to make these decisions because nobody else. Here's

845
00:36:09,719 --> 00:36:11,680
Speaker 1: the thing, It doesn't matter what industry you're in, what

846
00:36:11,719 --> 00:36:14,520
Speaker 1: company you're with, nobody's going to care about you in

847
00:36:14,640 --> 00:36:17,560
Speaker 1: your livelihood and your future as much as you are.

848
00:36:17,880 --> 00:36:21,960
Speaker 1: And so I think oftentimes we can get lulled into thinking, oh,

849
00:36:22,000 --> 00:36:25,200
Speaker 1: I've got this nice, dependable wage, Oh I've got these benefits,

850
00:36:25,360 --> 00:36:27,319
Speaker 1: but in the end, it comes down to us to

851
00:36:27,360 --> 00:36:29,480
Speaker 1: be able to determine what's going to be best for

852
00:36:29,800 --> 00:36:30,879
Speaker 1: us and for our future. Okay.

853
00:36:31,160 --> 00:36:33,560
Speaker 2: One of the most interesting things about you starting your

854
00:36:33,600 --> 00:36:36,000
Speaker 2: own photography business. I remember when I met you, like

855
00:36:36,280 --> 00:36:39,000
Speaker 2: you guys were already photographers, Like we've known each other

856
00:36:39,000 --> 00:36:40,959
Speaker 2: for I don't know, like twelve years now, been good friends, yeah,

857
00:36:40,960 --> 00:36:45,000
Speaker 2: ten twelve years. Yeah, and so you I remember you

858
00:36:45,040 --> 00:36:47,319
Speaker 2: telling me early on that you've turned down a lot

859
00:36:47,400 --> 00:36:49,279
Speaker 2: of people that reach out to and why did you

860
00:36:49,280 --> 00:36:52,680
Speaker 2: shoot their wedding? Like you were consistently turning down business,

861
00:36:52,840 --> 00:36:54,719
Speaker 2: And I was like that that would frighten me as

862
00:36:54,719 --> 00:36:56,399
Speaker 2: a small business owner. I would be trying to get

863
00:36:56,560 --> 00:36:59,200
Speaker 2: as much business in as I could and so yeah.

864
00:36:59,040 --> 00:37:01,920
Speaker 1: Well make the sunshine and right, yeah, yeah, oftentimes that

865
00:37:02,040 --> 00:37:02,879
Speaker 1: is the mentality what.

866
00:37:02,880 --> 00:37:04,880
Speaker 2: Was your ethos behind like turning down gigs?

867
00:37:05,320 --> 00:37:07,520
Speaker 1: So it took so we you know, we started the

868
00:37:07,520 --> 00:37:09,640
Speaker 1: photography company, and we started out with it as a

869
00:37:09,680 --> 00:37:11,600
Speaker 1: side hustle and it slowly ramped up and then it

870
00:37:11,640 --> 00:37:13,680
Speaker 1: eventually took over and was able to provide all of

871
00:37:13,680 --> 00:37:16,000
Speaker 1: our It was the sole source of our income. But

872
00:37:16,040 --> 00:37:17,920
Speaker 1: when I say like it took over, like it literally

873
00:37:17,960 --> 00:37:21,640
Speaker 1: took over our lives. And what we learned, especially being

874
00:37:21,680 --> 00:37:24,719
Speaker 1: newly married, was that it was really destructive. It was

875
00:37:24,760 --> 00:37:28,279
Speaker 1: really difficult for our marriage, and it took a couple

876
00:37:28,320 --> 00:37:30,840
Speaker 1: of years of us living through that for us to

877
00:37:30,880 --> 00:37:33,200
Speaker 1: kind of go through that storm to you know, Luckily,

878
00:37:33,239 --> 00:37:34,560
Speaker 1: we made it out of that and we were able

879
00:37:34,600 --> 00:37:37,080
Speaker 1: to look back and we realized that man, that sucked.

880
00:37:37,160 --> 00:37:39,520
Speaker 1: That was really difficult, and we need to make sure

881
00:37:39,520 --> 00:37:42,920
Speaker 1: that we're not continuing to do that because our relationship

882
00:37:42,960 --> 00:37:45,360
Speaker 1: isn't it's not going you know in a great direction.

883
00:37:46,239 --> 00:37:49,240
Speaker 2: You're valuing or putting too much emphasis on the business

884
00:37:49,280 --> 00:37:50,160
Speaker 2: and your relation.

885
00:37:50,320 --> 00:37:52,200
Speaker 1: And we, I mean we enjoyed it, you know, like

886
00:37:52,239 --> 00:37:54,359
Speaker 1: it was literally all we ever talked about. It's all

887
00:37:54,400 --> 00:37:56,879
Speaker 1: we ever thought about. It's all I mean a lot

888
00:37:56,920 --> 00:37:58,960
Speaker 1: of what we did, especially this first couple of years

889
00:37:59,000 --> 00:38:01,120
Speaker 1: after that, you know, we were able to, like you said,

890
00:38:01,200 --> 00:38:03,880
Speaker 1: we said no more often and turn down work. But

891
00:38:03,960 --> 00:38:05,880
Speaker 1: as a small business owner, I mean that was I

892
00:38:05,920 --> 00:38:08,120
Speaker 1: think I think that's probably the hardest lesson for any

893
00:38:08,120 --> 00:38:11,160
Speaker 1: small business owner to learn, which is that there are

894
00:38:11,200 --> 00:38:14,480
Speaker 1: other things in our lives that we need to prioritize

895
00:38:14,520 --> 00:38:16,880
Speaker 1: and need to value, and if you don't, the business

896
00:38:16,920 --> 00:38:18,839
Speaker 1: is going to take over, right like, if not, there's

897
00:38:18,840 --> 00:38:22,160
Speaker 1: this sort of default way that the world again just

898
00:38:22,160 --> 00:38:24,120
Speaker 1: by default, it encourages us to go a certain direction,

899
00:38:24,400 --> 00:38:27,120
Speaker 1: and if there are other things that you value more,

900
00:38:27,400 --> 00:38:29,640
Speaker 1: you have to fight for those things. And so that's

901
00:38:29,640 --> 00:38:31,640
Speaker 1: when it came down to us literally saying no. And

902
00:38:31,680 --> 00:38:33,040
Speaker 1: we you know, we could have. We talked about going

903
00:38:33,080 --> 00:38:36,279
Speaker 1: in different directions as well, bringing on additional shooters, and

904
00:38:36,320 --> 00:38:38,600
Speaker 1: you know we did know more of that later on

905
00:38:38,800 --> 00:38:40,520
Speaker 1: in the business. But you know, at that point in

906
00:38:40,520 --> 00:38:43,400
Speaker 1: our lives, we were we had enough. We had always

907
00:38:43,400 --> 00:38:45,040
Speaker 1: had enough. There are you know, there were some years

908
00:38:45,040 --> 00:38:47,239
Speaker 1: that were leaner than others. There are some years that

909
00:38:47,280 --> 00:38:50,080
Speaker 1: were really fat. But even still, we were lucky enough

910
00:38:50,080 --> 00:38:51,880
Speaker 1: to be in a position where we were never wanting,

911
00:38:52,040 --> 00:38:54,319
Speaker 1: and so for us, that was an important distinction to

912
00:38:54,440 --> 00:38:58,319
Speaker 1: make to draw that line, to say no to income. Yeah,

913
00:38:58,440 --> 00:39:00,640
Speaker 1: I think that's a powerful thing, to say income and

914
00:39:00,680 --> 00:39:02,360
Speaker 1: to say like, I have enough, and you know what,

915
00:39:02,840 --> 00:39:05,040
Speaker 1: drawing some lines because you and I, like, there's no

916
00:39:05,120 --> 00:39:07,360
Speaker 1: limit to the amount of things we could create or produce,

917
00:39:07,840 --> 00:39:10,279
Speaker 1: or the amount of the level to which we could

918
00:39:10,320 --> 00:39:12,920
Speaker 1: grow the small business that you and I have started together. Yeah,

919
00:39:12,960 --> 00:39:16,000
Speaker 1: but to have normal functioning family lives, like there has

920
00:39:16,040 --> 00:39:17,919
Speaker 1: to be a limit, you know, we have to create

921
00:39:17,920 --> 00:39:20,920
Speaker 1: an artificial limit. Because we could keep pouting away. We

922
00:39:20,960 --> 00:39:24,319
Speaker 1: could write books, and we could be on Instagram live

923
00:39:24,440 --> 00:39:26,040
Speaker 1: like three times a day. Like, there's a million things

924
00:39:26,080 --> 00:39:28,280
Speaker 1: we could do to reach more people to grow the business.

925
00:39:28,280 --> 00:39:31,279
Speaker 1: But we have consciously decided to say no to doing

926
00:39:31,320 --> 00:39:33,880
Speaker 1: more because it's not healthy and there has to be

927
00:39:33,920 --> 00:39:36,080
Speaker 1: a limit, and you have to be able to it's

928
00:39:36,120 --> 00:39:39,000
Speaker 1: a wise thing for your own mental health, for your

929
00:39:39,040 --> 00:39:42,279
Speaker 1: own sure relational health. In order to see that and

930
00:39:42,320 --> 00:39:44,520
Speaker 1: to say it, Yeah, and again it's you know, Kate

931
00:39:44,560 --> 00:39:47,160
Speaker 1: and I we were fortunate enough back then with photography

932
00:39:47,280 --> 00:39:49,120
Speaker 1: to be able to make that decision. Right like, we

933
00:39:49,160 --> 00:39:51,160
Speaker 1: were in a solid position, and the same thing is

934
00:39:51,160 --> 00:39:53,160
Speaker 1: true with you and I right now. We are lucky.

935
00:39:53,200 --> 00:39:55,279
Speaker 1: We are fortunate to be in a position where we

936
00:39:55,320 --> 00:39:58,319
Speaker 1: can say that, oh, well, I don't really want to

937
00:39:58,360 --> 00:40:02,560
Speaker 1: do this aspect that know of spreading, spreading the reach

938
00:40:02,600 --> 00:40:04,319
Speaker 1: of how to money. A lot of other people who

939
00:40:04,320 --> 00:40:06,319
Speaker 1: are doing this thing. Do you want to do this?

940
00:40:06,360 --> 00:40:09,000
Speaker 1: It's like, well maybe maybe, maybe not. But we're in

941
00:40:09,000 --> 00:40:11,320
Speaker 1: the position to where we don't have to say, oh gosh,

942
00:40:11,320 --> 00:40:13,680
Speaker 1: we have to do this thing, and that might change,

943
00:40:13,760 --> 00:40:15,719
Speaker 1: you know, like like later this year, we might be

944
00:40:15,760 --> 00:40:17,720
Speaker 1: in a position to where it's just like, oh gosh,

945
00:40:17,719 --> 00:40:20,279
Speaker 1: we really need to do this thing now, we're not

946
00:40:20,320 --> 00:40:22,719
Speaker 1: really excited about it, but when it comes. I mean,

947
00:40:22,760 --> 00:40:24,360
Speaker 1: this is how businesses work. If there's things that you

948
00:40:24,440 --> 00:40:26,680
Speaker 1: aren't excited to do, you get other people to do

949
00:40:26,680 --> 00:40:28,560
Speaker 1: their things and hopefully it can scale in a way

950
00:40:28,560 --> 00:40:30,840
Speaker 1: that makes sense. But again, you and I are fortunate

951
00:40:30,880 --> 00:40:33,080
Speaker 1: to be in a position to where we can say that,

952
00:40:33,120 --> 00:40:36,800
Speaker 1: and we understand that not everybody is in that position.

953
00:40:36,520 --> 00:40:39,840
Speaker 2: Totally, and I completely agree. I will say part of

954
00:40:39,880 --> 00:40:41,680
Speaker 2: it is you put yourself in that position, right, and

955
00:40:41,719 --> 00:40:45,480
Speaker 2: you you you know, driving a crusty car and having

956
00:40:45,520 --> 00:40:49,120
Speaker 2: one car and avoiding debt, and you know, a lot

957
00:40:49,120 --> 00:40:51,799
Speaker 2: of credit goes to being raised well having good parents too.

958
00:40:52,120 --> 00:40:55,680
Speaker 2: And then another thing that helps too is having income

959
00:40:55,960 --> 00:40:58,880
Speaker 2: coming from somewhere else, not just from an employer or

960
00:40:58,880 --> 00:41:01,320
Speaker 2: from a business that you've started, but in particular for

961
00:41:01,800 --> 00:41:04,520
Speaker 2: us and for you is rental real estate. And so yeah,

962
00:41:04,800 --> 00:41:08,520
Speaker 2: you mentioned earlier your story of kind of realizing by

963
00:41:08,960 --> 00:41:12,200
Speaker 2: that a friend had a rental property and you're like, oh,

964
00:41:12,280 --> 00:41:13,400
Speaker 2: that seems like that's pretty cool.

965
00:41:13,440 --> 00:41:16,560
Speaker 1: We're paying him money every single month. Yeah, he's taking

966
00:41:16,560 --> 00:41:18,919
Speaker 1: that money and scooping some off the top y rest

967
00:41:18,960 --> 00:41:19,600
Speaker 1: goes to the bank.

968
00:41:19,719 --> 00:41:20,479
Speaker 2: He's a cool dude.

969
00:41:20,480 --> 00:41:20,799
Speaker 1: I guess.

970
00:41:20,920 --> 00:41:22,080
Speaker 2: I don't know. Was that kind of what gave me

971
00:41:22,120 --> 00:41:23,719
Speaker 2: the inspiration to get into that.

972
00:41:23,800 --> 00:41:27,080
Speaker 1: Yeah, Yeah, so that was my first foray. Another friend

973
00:41:27,080 --> 00:41:29,200
Speaker 1: of ours up there in North Carolina as well, Clark.

974
00:41:29,520 --> 00:41:32,919
Speaker 1: He around the same time, he had purchased his first

975
00:41:32,920 --> 00:41:35,440
Speaker 1: home and it was a triplex, so he was the

976
00:41:35,480 --> 00:41:37,960
Speaker 1: original house hacker. He was the first house hacker that

977
00:41:38,000 --> 00:41:40,680
Speaker 1: I knew. Yeah, because he moved in the main level

978
00:41:40,760 --> 00:41:43,560
Speaker 1: and he had it was a lot where it dropped

979
00:41:43,600 --> 00:41:46,080
Speaker 1: away and he had two levels underneath the main floor.

980
00:41:46,400 --> 00:41:50,080
Speaker 1: Pretty crazy lot, but he had too. He inherited two tenants,

981
00:41:50,400 --> 00:41:52,480
Speaker 1: and so I forget, you know, I can't can't remember

982
00:41:52,480 --> 00:41:55,759
Speaker 1: the numbers today, but they were covering a substantial, if

983
00:41:55,800 --> 00:41:59,400
Speaker 1: not all, of his mortgage. And I was like, holy crap, Like,

984
00:41:59,520 --> 00:42:00,800
Speaker 1: so you're living for free.

985
00:42:00,840 --> 00:42:03,040
Speaker 2: That's possible. And so that was another one of those

986
00:42:03,040 --> 00:42:03,600
Speaker 2: mind blowing up.

987
00:42:03,840 --> 00:42:06,839
Speaker 1: Yeah, and so just you know, rental real estate as

988
00:42:06,880 --> 00:42:10,040
Speaker 1: an idea was introduced, and then immediately right after that

989
00:42:10,200 --> 00:42:12,799
Speaker 1: was the idea of house hacking. Both of those seas

990
00:42:12,800 --> 00:42:14,480
Speaker 1: were planted. But I didn't have any money back then.

991
00:42:14,520 --> 00:42:16,359
Speaker 1: You remember, like I told you how I had to

992
00:42:16,400 --> 00:42:18,319
Speaker 1: take money out of my roth Ira in order to

993
00:42:18,360 --> 00:42:20,840
Speaker 1: move move back down to Atlanta and to cover a deposit,

994
00:42:21,239 --> 00:42:23,399
Speaker 1: that kind of stuff. That's where I was at that point.

995
00:42:23,440 --> 00:42:25,399
Speaker 2: So those bigger investments were not on your radar. Oh,

996
00:42:25,480 --> 00:42:27,920
Speaker 2: it was not a possibility at all. I mean, I

997
00:42:27,960 --> 00:42:30,080
Speaker 2: was like the guy. I was like, I helped Clark.

998
00:42:30,120 --> 00:42:31,759
Speaker 1: I was something my friend move into his house, and

999
00:42:31,800 --> 00:42:34,080
Speaker 1: I was just like the muscle because he was going

1000
00:42:34,160 --> 00:42:36,400
Speaker 1: to pay for pizza and beers and for me, it

1001
00:42:36,440 --> 00:42:37,080
Speaker 1: was a free meal.

1002
00:42:37,239 --> 00:42:37,839
Speaker 2: That's good enough.

1003
00:42:37,920 --> 00:42:40,640
Speaker 1: That's where I was in my life at that point.

1004
00:42:40,800 --> 00:42:42,799
Speaker 1: And so I mean it wasn't for another like I

1005
00:42:42,800 --> 00:42:46,840
Speaker 1: think five or six years before rental real estate was

1006
00:42:46,920 --> 00:42:49,360
Speaker 1: a possibility, you know. So within that time Kate and

1007
00:42:49,440 --> 00:42:51,759
Speaker 1: I got married, we saved up money for a down

1008
00:42:51,800 --> 00:42:54,919
Speaker 1: payment for our first personal home, got a little two one.

1009
00:42:55,080 --> 00:42:57,520
Speaker 1: But then after that we started saving up some money

1010
00:42:57,560 --> 00:43:00,640
Speaker 1: to invest as well, and you know, those that had

1011
00:43:00,719 --> 00:43:03,399
Speaker 1: been planted started to germinate a little bit. And that's

1012
00:43:03,400 --> 00:43:05,880
Speaker 1: actually when you and I met, and you had purchased

1013
00:43:05,920 --> 00:43:08,759
Speaker 1: your first, you know, your own primary residence, and we

1014
00:43:08,800 --> 00:43:11,120
Speaker 1: got to talk and found out that you were trying

1015
00:43:11,120 --> 00:43:13,200
Speaker 1: to be wise with your money as I was, and

1016
00:43:13,280 --> 00:43:15,200
Speaker 1: I think you had shared that you were thinking about

1017
00:43:15,200 --> 00:43:17,200
Speaker 1: buying a rental like because you just had your own

1018
00:43:17,239 --> 00:43:19,320
Speaker 1: property at that point. I think right right when we met.

1019
00:43:19,160 --> 00:43:21,760
Speaker 2: I think I literally was on the verge of pouncing

1020
00:43:21,840 --> 00:43:23,719
Speaker 2: on property number two and running out the first one.

1021
00:43:23,760 --> 00:43:25,719
Speaker 1: Yeah, exactly. And so we were like, oh, well, I

1022
00:43:25,760 --> 00:43:28,040
Speaker 1: don't want to move, but we've got this money saved

1023
00:43:28,120 --> 00:43:30,400
Speaker 1: up and we should put that towards our property. So,

1024
00:43:31,080 --> 00:43:33,839
Speaker 1: I mean, our interactions us talking about it. I think

1025
00:43:34,080 --> 00:43:36,719
Speaker 1: certainly gave it was very encouraging because it would have

1026
00:43:36,760 --> 00:43:38,600
Speaker 1: been a lot tougher for me because I didn't know

1027
00:43:38,600 --> 00:43:40,799
Speaker 1: anybody in Atlanta who was doing that at that point

1028
00:43:40,840 --> 00:43:42,799
Speaker 1: in time. Right, Like in my mind, I'm like, oh,

1029
00:43:42,840 --> 00:43:44,880
Speaker 1: maybe only people in North Carolina do this. I don't know.

1030
00:43:45,160 --> 00:43:47,319
Speaker 1: And so to have somebody else who was my age

1031
00:43:47,360 --> 00:43:49,920
Speaker 1: who was thinking that, like, oh yeah, houses right now

1032
00:43:49,960 --> 00:43:52,440
Speaker 1: are really affordable. This is a really smart move. That

1033
00:43:52,640 --> 00:43:55,440
Speaker 1: was like the final straw that allowed me to think, yeah,

1034
00:43:55,440 --> 00:43:56,840
Speaker 1: like I am going to do this and yeah, I

1035
00:43:56,840 --> 00:43:59,000
Speaker 1: mean I think we both got our both of us

1036
00:43:59,000 --> 00:44:00,399
Speaker 1: got our second properties around the same time.

1037
00:44:00,480 --> 00:44:03,279
Speaker 2: Yeah, And it's like a confidence boost. I think when

1038
00:44:03,520 --> 00:44:05,319
Speaker 2: a friend is doing something absolutely and if you can

1039
00:44:05,480 --> 00:44:06,960
Speaker 2: learn learn from them as a guinea pig, I.

1040
00:44:06,960 --> 00:44:10,080
Speaker 1: Think sometimes it feels less foreign, you know, just even

1041
00:44:10,120 --> 00:44:11,439
Speaker 1: talking about it with somebody else.

1042
00:44:12,040 --> 00:44:13,800
Speaker 2: You listen to a podcast and hear people talk about it,

1043
00:44:13,800 --> 00:44:16,839
Speaker 2: but when you're talking to someone in person who you're

1044
00:44:16,880 --> 00:44:18,960
Speaker 2: close with, or even just like that's why we encourage

1045
00:44:18,960 --> 00:44:21,640
Speaker 2: people to join like an investor meetup group or something

1046
00:44:21,680 --> 00:44:23,439
Speaker 2: like that, like learn from the people that are doing

1047
00:44:23,440 --> 00:44:25,319
Speaker 2: it and they will like they will help demystify some

1048
00:44:25,360 --> 00:44:26,959
Speaker 2: of those things that in your mind you have built

1049
00:44:27,000 --> 00:44:30,200
Speaker 2: up to be these hurdles that you can't surmount, and

1050
00:44:30,480 --> 00:44:32,960
Speaker 2: it is possible, but and you know, we can talk

1051
00:44:33,000 --> 00:44:34,839
Speaker 2: about it until we run out of air in our

1052
00:44:34,880 --> 00:44:36,960
Speaker 2: lungs and hopefully that will be helpful advice to you.

1053
00:44:37,040 --> 00:44:40,040
Speaker 2: But at the same time, meeting individuals where you live

1054
00:44:40,040 --> 00:44:42,080
Speaker 2: who are doing it already is like, I think the

1055
00:44:42,080 --> 00:44:43,640
Speaker 2: best way to go absolutely.

1056
00:44:43,200 --> 00:44:45,120
Speaker 1: And plus I mean ten years ago, like there weren't

1057
00:44:45,200 --> 00:44:47,360
Speaker 1: I mean, there weren't real real estate podcasts. Like the

1058
00:44:47,400 --> 00:44:50,239
Speaker 1: only podcast I'd ever heard of was like this Harry

1059
00:44:50,280 --> 00:44:53,680
Speaker 1: Potter podcast that I get across. It was very much

1060
00:44:53,680 --> 00:44:56,400
Speaker 1: in its infancy, and it was just books, you know,

1061
00:44:56,520 --> 00:44:59,759
Speaker 1: like I remember reading The Millionaire Real Estate Investor by

1062
00:44:59,880 --> 00:45:02,520
Speaker 1: like one of the Keller Williams guys or whatever. But

1063
00:45:02,960 --> 00:45:07,080
Speaker 1: it's there's a big gap between reading this massive textbook

1064
00:45:07,120 --> 00:45:09,719
Speaker 1: basically to actually pulling the trigger and doing that in

1065
00:45:09,760 --> 00:45:11,919
Speaker 1: your local town. And like you said, having somebody there

1066
00:45:11,960 --> 00:45:14,680
Speaker 1: locally who you know is also doing it, it kind

1067
00:45:14,680 --> 00:45:17,200
Speaker 1: of gives you the confidence. It allows you to poke

1068
00:45:17,239 --> 00:45:19,160
Speaker 1: holes in each other sort of plans and be like, oh,

1069
00:45:19,160 --> 00:45:21,200
Speaker 1: what about this, or or Hey, how are you planning

1070
00:45:21,239 --> 00:45:24,120
Speaker 1: to tackle this? That definitely makes it just so much

1071
00:45:24,120 --> 00:45:24,719
Speaker 1: more approachable.

1072
00:45:24,800 --> 00:45:27,120
Speaker 2: Yeah, all right, Well, so there's no real resolution to

1073
00:45:27,200 --> 00:45:30,439
Speaker 2: this podcast because your story is not complete, Like there's

1074
00:45:30,480 --> 00:45:32,320
Speaker 2: still there's still a lot of money moves.

1075
00:45:32,160 --> 00:45:34,399
Speaker 1: That we're still we're still doing it, yeah, aren't we that.

1076
00:45:34,360 --> 00:45:36,120
Speaker 2: You're making And that's part of the fun of creating

1077
00:45:36,120 --> 00:45:38,120
Speaker 2: this podcast is along the way we get to share

1078
00:45:38,160 --> 00:45:40,520
Speaker 2: the things that we are doing. You know, we're we're

1079
00:45:40,520 --> 00:45:43,279
Speaker 2: not seventy year old who have like reached the end,

1080
00:45:43,400 --> 00:45:46,000
Speaker 2: Like we're in the middle of this with our listeners,

1081
00:45:46,360 --> 00:45:49,359
Speaker 2: hopefully with wisdom to share. But yeah, is there anything

1082
00:45:49,400 --> 00:45:51,280
Speaker 2: else that you want to kind of relay to everybody

1083
00:45:51,280 --> 00:45:53,839
Speaker 2: about your story that you think is important Matt before

1084
00:45:53,880 --> 00:45:54,879
Speaker 2: we kind of end this one out.

1085
00:45:55,080 --> 00:45:56,600
Speaker 1: I think one of the other things that comes to mind.

1086
00:45:56,680 --> 00:45:58,840
Speaker 1: I mean, we're talking about real estate. I think for

1087
00:45:58,880 --> 00:46:00,799
Speaker 1: anybody out there who is thinking about going in that

1088
00:46:00,800 --> 00:46:03,680
Speaker 1: direction is just to know that this isn't a completely

1089
00:46:03,719 --> 00:46:07,360
Speaker 1: passive form of income. Yeah, because the rewards can be

1090
00:46:07,520 --> 00:46:10,800
Speaker 1: quite large, but it does require time. And so I

1091
00:46:10,840 --> 00:46:13,360
Speaker 1: think anybody who's thinking about doing this, they need to

1092
00:46:13,360 --> 00:46:15,799
Speaker 1: start thinking about it more as like a small part

1093
00:46:15,840 --> 00:46:19,080
Speaker 1: time job, as a side hustle, something that can potentially

1094
00:46:19,239 --> 00:46:22,320
Speaker 1: ramp up and consume a lot of your time, potentially.

1095
00:46:21,840 --> 00:46:24,879
Speaker 2: The most lucrative part time job. Absolutely for sure. Oh yeah,

1096
00:46:25,000 --> 00:46:26,640
Speaker 2: especially it is You're right, it is work. And we

1097
00:46:26,640 --> 00:46:28,600
Speaker 2: talked about that when the episode. We talked about that,

1098
00:46:28,680 --> 00:46:31,319
Speaker 2: the miss of passive income, and exactly it's not a

1099
00:46:31,320 --> 00:46:33,719
Speaker 2: complete farce, but there is a reality to which if

1100
00:46:33,760 --> 00:46:35,239
Speaker 2: you want passive income, you got to work for it

1101
00:46:35,560 --> 00:46:37,400
Speaker 2: in any regard, Like it doesn't just kind of you

1102
00:46:37,400 --> 00:46:40,000
Speaker 2: don't like snap your fingers in the passive income fairy

1103
00:46:40,040 --> 00:46:42,080
Speaker 2: comes along and starts stubble money in your account.

1104
00:46:41,719 --> 00:46:43,960
Speaker 1: Remonth, Yeah, exactly, And so just to think about it

1105
00:46:43,960 --> 00:46:45,239
Speaker 1: that way. I mean, I was talking with a friend

1106
00:46:45,280 --> 00:46:47,600
Speaker 1: over Christmas break. He had had a good year. He

1107
00:46:47,640 --> 00:46:49,920
Speaker 1: was thinking about what to do with some additional money

1108
00:46:49,920 --> 00:46:52,600
Speaker 1: that he had, and he had renovated his own home,

1109
00:46:52,800 --> 00:46:54,360
Speaker 1: and so he's like, you know, I've got these like

1110
00:46:54,440 --> 00:46:57,480
Speaker 1: renovation skills. I know how to make a house look good.

1111
00:46:57,760 --> 00:47:00,560
Speaker 1: He was thinking about buying another property in his neighborhood,

1112
00:47:00,760 --> 00:47:04,000
Speaker 1: working on it, renting it out. And this is the

1113
00:47:04,000 --> 00:47:06,200
Speaker 1: conversation I had with him, I was like, hey, that's awesome,

1114
00:47:06,239 --> 00:47:08,480
Speaker 1: you know, like the fact that you like everybody has

1115
00:47:08,480 --> 00:47:11,239
Speaker 1: their own superhero like power, you know, like and so

1116
00:47:11,360 --> 00:47:14,520
Speaker 1: for him, his sort of superhero strength is the ability

1117
00:47:14,560 --> 00:47:18,440
Speaker 1: to make a property beautiful himself, like without having to

1118
00:47:18,520 --> 00:47:21,160
Speaker 1: hire anybody else. It's just the cost of his tools,

1119
00:47:21,440 --> 00:47:24,319
Speaker 1: the supplies, and his time. Yeah, but what I wanted

1120
00:47:24,400 --> 00:47:27,520
Speaker 1: him to think through was what his life would look

1121
00:47:27,640 --> 00:47:29,680
Speaker 1: like were he to do that. And he has a

1122
00:47:29,680 --> 00:47:31,680
Speaker 1: full time job. I mean, he owns his own business

1123
00:47:31,680 --> 00:47:33,880
Speaker 1: and it's actually growing and expanding and it's going to

1124
00:47:33,920 --> 00:47:36,839
Speaker 1: look potentially very different this coming year. And so I

1125
00:47:36,880 --> 00:47:40,439
Speaker 1: was like, Okay, imagine you know, doing that from eight

1126
00:47:40,480 --> 00:47:42,520
Speaker 1: to six or whatever it is that you get off work, Like,

1127
00:47:42,560 --> 00:47:43,759
Speaker 1: are you going to have it in you to come

1128
00:47:43,760 --> 00:47:46,440
Speaker 1: home and then clock in another three or four hours

1129
00:47:46,920 --> 00:47:49,920
Speaker 1: hanging drywall at this new property that you found that

1130
00:47:50,000 --> 00:47:52,320
Speaker 1: you want to flip. And that's what we want folks

1131
00:47:52,320 --> 00:47:54,719
Speaker 1: to think through with, you know, with any decision, with

1132
00:47:54,800 --> 00:47:57,720
Speaker 1: any new responsibility, with any way that you're thinking about

1133
00:47:58,200 --> 00:48:01,000
Speaker 1: making additional income, right if it's a sidehume, think through

1134
00:48:01,440 --> 00:48:03,960
Speaker 1: what you want your life to look like. Yes, there

1135
00:48:03,960 --> 00:48:06,439
Speaker 1: are oftentimes sacrifices we need to make in the short

1136
00:48:06,520 --> 00:48:09,120
Speaker 1: term to achieve a goal, but do make sure that

1137
00:48:09,160 --> 00:48:10,960
Speaker 1: you are aware of what that's going to look like,

1138
00:48:11,000 --> 00:48:13,800
Speaker 1: because you want to make those decisions with your eyes open.

1139
00:48:14,000 --> 00:48:16,080
Speaker 1: You want to make sure that you're making those decisions informed.

1140
00:48:16,160 --> 00:48:18,240
Speaker 2: Yeah, yeah, you want it to be a calculated sacrifice

1141
00:48:18,280 --> 00:48:20,640
Speaker 2: because if you can't actually pay the cost you're gonna

1142
00:48:20,680 --> 00:48:23,000
Speaker 2: you might actually lose money in that proposition, because yeah,

1143
00:48:23,040 --> 00:48:26,520
Speaker 2: you got to be willing to follow through for surely. Well, dude,

1144
00:48:26,560 --> 00:48:27,799
Speaker 2: this was a lot of fun. I'm glad we got

1145
00:48:27,840 --> 00:48:30,640
Speaker 2: to dive into your money story. Hopefully it's just interesting

1146
00:48:30,680 --> 00:48:33,279
Speaker 2: and helpful for listeners. Quickly, Matt, let's say, folks know

1147
00:48:33,480 --> 00:48:35,840
Speaker 2: Matt a little bit exactly the like I said, the

1148
00:48:35,840 --> 00:48:37,680
Speaker 2: man the myth legend mar on deck for next week

1149
00:48:37,680 --> 00:48:40,440
Speaker 2: by best Bunny, I'll be ready. But we had a

1150
00:48:40,440 --> 00:48:43,440
Speaker 2: beer on this episode. This one was athena parody so BlackBerry,

1151
00:48:43,480 --> 00:48:46,799
Speaker 2: black Current and Ambrosia by of course creature comforts out

1152
00:48:46,800 --> 00:48:51,000
Speaker 2: of Athens, Georgia, where you went to college Alma Manter,

1153
00:48:51,120 --> 00:48:53,320
Speaker 2: That's right, So yeah, what we thought. Unfortunately, that was

1154
00:48:53,480 --> 00:48:55,200
Speaker 2: not a brew that was there while I was in school.

1155
00:48:55,239 --> 00:48:57,239
Speaker 1: I know, sadly right. If so, though, like what I've

1156
00:48:57,320 --> 00:48:59,640
Speaker 1: even been able to appreciate it, probably probably not. It

1157
00:48:59,640 --> 00:49:01,840
Speaker 1: took me actually growing up and being out in the

1158
00:49:01,880 --> 00:49:04,760
Speaker 1: real world and talking about real estate with my friend

1159
00:49:05,880 --> 00:49:08,359
Speaker 1: enjoying my first milk stout. I think that was one

1160
00:49:08,400 --> 00:49:10,359
Speaker 1: of my first craft beers where I was like, oh,

1161
00:49:10,440 --> 00:49:13,040
Speaker 1: this is different than all those other beers, but yeah,

1162
00:49:13,080 --> 00:49:16,000
Speaker 1: this is a Berlin of ice. It's a tart German wheat.

1163
00:49:16,239 --> 00:49:20,560
Speaker 1: It poured a dark crimson red, like a very luxurious color,

1164
00:49:21,120 --> 00:49:22,960
Speaker 1: almost like a purplis hue to it. Oh yeah, it

1165
00:49:23,160 --> 00:49:25,680
Speaker 1: was really beautiful and I really enjoyed this one. Like

1166
00:49:25,719 --> 00:49:29,480
Speaker 1: the other variations of Athena, it's got that nice wheaty backbone.

1167
00:49:29,800 --> 00:49:32,360
Speaker 1: But obviously with this one with the added fruit just

1168
00:49:32,400 --> 00:49:34,839
Speaker 1: adds that they call it paradiso because it's like you're

1169
00:49:34,840 --> 00:49:37,480
Speaker 1: in paradise. It's like you're surrounded by just all this

1170
00:49:37,640 --> 00:49:42,000
Speaker 1: luxurious fruit. In this case, ambrosia as well, is the

1171
00:49:42,000 --> 00:49:44,600
Speaker 1: ambrosia of fruit, Like I know, ambrosia salad is, like

1172
00:49:45,280 --> 00:49:47,960
Speaker 1: you know, that's where they add marshmallows to question. I

1173
00:49:48,000 --> 00:49:50,080
Speaker 1: don't know, I don't know what what's an ambrosia what's

1174
00:49:50,080 --> 00:49:52,160
Speaker 1: an ambrosia player looked like I have to look that

1175
00:49:52,280 --> 00:49:54,840
Speaker 1: up after the episode, But I really enjoyed it. What

1176
00:49:54,880 --> 00:49:55,359
Speaker 1: were your thoughts.

1177
00:49:55,480 --> 00:49:57,759
Speaker 2: Yeah, I thought it was like rich and velvety and

1178
00:49:57,880 --> 00:50:00,120
Speaker 2: had like this medium tartness level going on. It's the

1179
00:50:00,120 --> 00:50:01,879
Speaker 2: first time I've had this version. Like you said, they

1180
00:50:01,880 --> 00:50:04,880
Speaker 2: make variants, and I think, don't say.

1181
00:50:04,760 --> 00:50:06,239
Speaker 1: Variant, Joel, variations on it.

1182
00:50:07,160 --> 00:50:09,520
Speaker 2: Well, I think one of my yes, it's a good point.

1183
00:50:09,760 --> 00:50:13,319
Speaker 2: I think probably my favorite variation is still the one

1184
00:50:13,320 --> 00:50:16,400
Speaker 2: they do with with tart cherries. It's delicious. But this

1185
00:50:16,440 --> 00:50:19,080
Speaker 2: one was really good, better than this almost expected. And

1186
00:50:19,160 --> 00:50:22,560
Speaker 2: so yeah, again another winner from Creature Comforts because they

1187
00:50:22,600 --> 00:50:23,920
Speaker 2: don't lose, man, they always make it.

1188
00:50:23,880 --> 00:50:25,759
Speaker 1: So they do a very good job. Be sure to

1189
00:50:25,760 --> 00:50:29,200
Speaker 1: swing by Creature Comforts if you're ever in Athens, Georgia.

1190
00:50:29,360 --> 00:50:31,760
Speaker 1: But Joel, I feel like I did a lot of talking,

1191
00:50:31,800 --> 00:50:34,520
Speaker 1: but I didn't like direct the show quite as much.

1192
00:50:34,560 --> 00:50:36,520
Speaker 1: But you did a fantastic job. Oh, thank you, my friend.

1193
00:50:36,560 --> 00:50:36,960
Speaker 2: It was fun.

1194
00:50:37,000 --> 00:50:39,600
Speaker 1: It was fun. Yeah, and yeah, unfortunately we can only

1195
00:50:39,640 --> 00:50:41,319
Speaker 1: do these, like, I don't know, like once every few years.

1196
00:50:41,360 --> 00:50:45,080
Speaker 1: I guess we interview each other, have to be like

1197
00:50:45,080 --> 00:50:46,520
Speaker 1: a different twist on it next time we do it.

1198
00:50:46,560 --> 00:50:48,839
Speaker 2: That's right, But yeah, all right, well yeah, well, if

1199
00:50:48,880 --> 00:50:51,239
Speaker 2: you are curious about hearing my money story, you'll get

1200
00:50:51,280 --> 00:50:54,280
Speaker 2: to hear that on next Wednesday's episode, but Matt, until

1201
00:50:54,400 --> 00:51:00,160
Speaker 2: next time. Best friends out, Best Friends Out the