1 00:00:00,080 --> 00:00:03,680 Speaker 1: Welcome to how All right, here we go, ready, ready, ready, ready, 2 00:00:04,519 --> 00:00:07,360 Speaker 1: Welcome to how to Money. I'm Joel and I'm Matt, 3 00:00:07,600 --> 00:00:29,920 Speaker 1: and today we're answering your listener questions. Joel, are you 4 00:00:30,120 --> 00:00:31,880 Speaker 1: you're feeling a little rough? I feel like your voice 5 00:00:31,920 --> 00:00:36,560 Speaker 1: sounds a little textured, a little more, a little gravelly exactly. 6 00:00:36,720 --> 00:00:38,280 Speaker 1: Maybe I don't know. My daughter has been sick, so 7 00:00:38,440 --> 00:00:40,559 Speaker 1: maybe it's rubbing off. I was gonna say so, you 8 00:00:40,640 --> 00:00:43,320 Speaker 1: and I we our lives are quite intertwined in our 9 00:00:43,360 --> 00:00:46,000 Speaker 1: girls played together all the time, and yeah, you've got 10 00:00:46,000 --> 00:00:48,479 Speaker 1: a sick daughter. Two of my girls have had fevers 11 00:00:48,520 --> 00:00:50,919 Speaker 1: as well. And I woke up this morning with my 12 00:00:51,320 --> 00:00:53,320 Speaker 1: throat feeling a little sore. I got my fingers a 13 00:00:53,320 --> 00:00:56,040 Speaker 1: cross that we're gonna be okay. But uh yeah, Kate 14 00:00:56,080 --> 00:00:58,400 Speaker 1: and I aren't excited for that other shoe to drop, 15 00:00:58,560 --> 00:01:00,279 Speaker 1: if you know what I'm saying. I know, man, get 16 00:01:00,320 --> 00:01:02,560 Speaker 1: the sickness. It just kind of runs around the school 17 00:01:02,560 --> 00:01:05,319 Speaker 1: and then runs around our families and like the families 18 00:01:05,360 --> 00:01:07,039 Speaker 1: of our neighbors and each other and stuff like that, 19 00:01:07,080 --> 00:01:09,039 Speaker 1: and so yeah, it gets better to get it over with, 20 00:01:09,120 --> 00:01:11,200 Speaker 1: give it a couple of weeks while get healthy we'll survive. 21 00:01:11,440 --> 00:01:14,080 Speaker 1: But listener questions. Man, we've got some good ones. Today. 22 00:01:14,200 --> 00:01:16,959 Speaker 1: We have a listener asking uh for the best way 23 00:01:17,000 --> 00:01:19,320 Speaker 1: to accept rent. He's gonna be a new landlord. It 24 00:01:19,360 --> 00:01:22,440 Speaker 1: sounds like we've got a follow up question for roth 25 00:01:22,480 --> 00:01:24,959 Speaker 1: Iras and we're gonna start things off at the beginning 26 00:01:24,959 --> 00:01:27,319 Speaker 1: of this episode talking about some different apps that you 27 00:01:27,360 --> 00:01:30,040 Speaker 1: can use to sort of help create maybe kickstart a 28 00:01:30,120 --> 00:01:32,720 Speaker 1: side hustle and uh, even if that makes sense to 29 00:01:32,760 --> 00:01:35,280 Speaker 1: do at all. So excited to get to those and 30 00:01:35,280 --> 00:01:37,680 Speaker 1: a couple others with you today. Man, Yeah, it should 31 00:01:37,680 --> 00:01:39,559 Speaker 1: be fun. I'm looking forward to it. Speaking of apps, 32 00:01:39,600 --> 00:01:42,160 Speaker 1: you told me that your buddy Ben downloaded Acorns and 33 00:01:42,200 --> 00:01:44,679 Speaker 1: he's been like kicking butt with it right now, you know, Ben, Yeah, 34 00:01:44,680 --> 00:01:46,520 Speaker 1: of course. Okay, So let me tell you the full story, 35 00:01:46,520 --> 00:01:49,200 Speaker 1: which was I I invited him to Atlanta to hang 36 00:01:49,480 --> 00:01:51,560 Speaker 1: for an Atlanta nine match actually a couple of weeks ago, 37 00:01:52,160 --> 00:01:54,800 Speaker 1: and he said he couldn't because the next week he 38 00:01:54,880 --> 00:01:57,160 Speaker 1: was gonna be flying out to Ireland with a bunch 39 00:01:57,160 --> 00:02:01,640 Speaker 1: of his buddies to play golf, which caught me way 40 00:02:01,640 --> 00:02:03,960 Speaker 1: off guard because that's like the fanciest thing I've ever 41 00:02:03,960 --> 00:02:08,000 Speaker 1: heard him say, it's very uppercross, you know, guys only. 42 00:02:08,040 --> 00:02:10,480 Speaker 1: And so my follow up question was, you know, when 43 00:02:10,520 --> 00:02:13,160 Speaker 1: did you start taking trips like this man? And he 44 00:02:13,200 --> 00:02:15,000 Speaker 1: said it was a funny story, and how a couple 45 00:02:15,040 --> 00:02:17,280 Speaker 1: of years ago he proposed this idea of this trip 46 00:02:17,400 --> 00:02:19,760 Speaker 1: to his wife and it was just so far in 47 00:02:19,760 --> 00:02:22,000 Speaker 1: advance that I think she just sort of kneed jerked 48 00:02:22,000 --> 00:02:24,040 Speaker 1: agree to it. Right, She's like, sure, that's never gonna happen, 49 00:02:24,080 --> 00:02:26,760 Speaker 1: but let's let's do it. That's the Unicorn trip that, yeah, 50 00:02:26,880 --> 00:02:29,240 Speaker 1: that's not gonna happen. Is it gonna materialize? But what 51 00:02:29,320 --> 00:02:32,440 Speaker 1: they did was he set up an Acorns account and 52 00:02:32,600 --> 00:02:35,880 Speaker 1: basically started saving for that trip without them even realizing it, right, 53 00:02:35,919 --> 00:02:38,680 Speaker 1: without them even feeling that they're sending that money aside, 54 00:02:39,280 --> 00:02:41,800 Speaker 1: and which which is the cool thing about acorns, because 55 00:02:41,840 --> 00:02:44,560 Speaker 1: it just rounds up every purchase that you make and 56 00:02:44,760 --> 00:02:47,480 Speaker 1: saves that money. And and so yeah, a lot of 57 00:02:47,480 --> 00:02:50,800 Speaker 1: people like acorns because it's easy to use, and it's 58 00:02:50,840 --> 00:02:53,240 Speaker 1: like this fourth method of savings that you might not 59 00:02:53,280 --> 00:02:55,359 Speaker 1: otherwise save if it wasn't for Acorns. Right, Yeah, it's 60 00:02:55,360 --> 00:02:57,600 Speaker 1: easy to use, but it's like almost pain free as well, 61 00:02:57,639 --> 00:02:59,880 Speaker 1: because you just slowly absorb it. You know, you have 62 00:03:00,000 --> 00:03:01,440 Speaker 1: of all the different purchases that you have through the 63 00:03:01,440 --> 00:03:03,640 Speaker 1: month that rounds it up. You don't really realize that 64 00:03:03,639 --> 00:03:06,720 Speaker 1: that money is getting set aside. And sure enough to 65 00:03:06,919 --> 00:03:09,120 Speaker 1: two years later, all the guys had saved up their money, 66 00:03:09,240 --> 00:03:12,480 Speaker 1: and uh Ben's wife was pretty piste because she couldn't 67 00:03:12,480 --> 00:03:15,079 Speaker 1: believe I guess that they actually, you know, went through 68 00:03:15,120 --> 00:03:17,240 Speaker 1: with it and got the tickets and everything, but they 69 00:03:17,280 --> 00:03:21,320 Speaker 1: saved around thirty four dollars for this trip to cover airfare. 70 00:03:22,000 --> 00:03:23,840 Speaker 1: I don't know if you've heard golf is not cheap. 71 00:03:24,280 --> 00:03:26,720 Speaker 1: I think in Ireland in particular, it's it's also maybe 72 00:03:26,720 --> 00:03:28,920 Speaker 1: a little more expensive that they've they've got a lot 73 00:03:28,960 --> 00:03:31,960 Speaker 1: of nice courses. Yeah, isn't that where golf started or 74 00:03:32,000 --> 00:03:35,280 Speaker 1: is that Scotland? Yeah, Scotland and Scotland. Yeah, but Ireland, 75 00:03:35,360 --> 00:03:37,840 Speaker 1: I mean it's close enough, right. But anyway, this is 76 00:03:37,880 --> 00:03:41,120 Speaker 1: a little success story for Acorns, because typically you think, 77 00:03:41,200 --> 00:03:43,720 Speaker 1: at least I think, okay, acorns a little bit here 78 00:03:43,720 --> 00:03:45,400 Speaker 1: and there, like how much are you actually gonna be 79 00:03:45,400 --> 00:03:48,280 Speaker 1: able to set aside? But man, I'm totally impressed with 80 00:03:48,320 --> 00:03:50,200 Speaker 1: the amount that he was able to set aside. He 81 00:03:50,240 --> 00:03:53,000 Speaker 1: had set a clear goal and and he achieved it. 82 00:03:53,000 --> 00:03:55,800 Speaker 1: He totally rocked it. So Ben, kudos to you. And 83 00:03:56,000 --> 00:03:58,360 Speaker 1: uh yeah, I would recommend to folks out there if 84 00:03:58,360 --> 00:03:59,920 Speaker 1: you're looking for an easy way to say like the 85 00:04:00,280 --> 00:04:04,800 Speaker 1: specifically for a very clear, identifiable goal, and check out Acorns. Yeah, 86 00:04:04,800 --> 00:04:07,400 Speaker 1: Acorns is cool, man, And congrats to Ben on on 87 00:04:07,560 --> 00:04:09,800 Speaker 1: making that happen and on saving that much money in 88 00:04:09,880 --> 00:04:11,680 Speaker 1: order to be able to take a really cool trip 89 00:04:11,720 --> 00:04:13,200 Speaker 1: like this. All right, by the way, we have a 90 00:04:13,200 --> 00:04:15,680 Speaker 1: really cool beer that we're trinking on the show today, Matt. 91 00:04:15,960 --> 00:04:20,760 Speaker 1: This is called form to table by form fermentory and blendery, 92 00:04:21,160 --> 00:04:23,080 Speaker 1: and so yeah, that's a fancy way of saying that 93 00:04:23,120 --> 00:04:26,160 Speaker 1: these guys brew beer and then they let it ferment 94 00:04:26,279 --> 00:04:29,000 Speaker 1: and they blend beers together, which honestly is kind of 95 00:04:29,000 --> 00:04:31,680 Speaker 1: like an art to mix different barrels of beer together 96 00:04:31,720 --> 00:04:34,760 Speaker 1: to create a really good finished product in the bottle. 97 00:04:35,000 --> 00:04:38,320 Speaker 1: So I'm really excited to try this beer out today. Yeah, Joel, 98 00:04:38,400 --> 00:04:40,640 Speaker 1: this beer was sent to us from Adam. He is 99 00:04:40,720 --> 00:04:43,200 Speaker 1: there in Philly and that's where these guys are and 100 00:04:43,240 --> 00:04:44,880 Speaker 1: he's a big craft beer fan and reached out to 101 00:04:44,920 --> 00:04:47,320 Speaker 1: us via Instagram and uh so yeah, big things to Adam, 102 00:04:47,480 --> 00:04:49,560 Speaker 1: thanks for sending this our way. I just want to 103 00:04:49,640 --> 00:04:51,920 Speaker 1: quickly say we have the best listeners and how many 104 00:04:51,920 --> 00:04:54,520 Speaker 1: good beers have we had because listeners have been so 105 00:04:54,640 --> 00:04:57,800 Speaker 1: kind to send us beers and so we always give 106 00:04:57,839 --> 00:05:00,640 Speaker 1: a shout out and we're just incredibly thankful try these 107 00:05:00,680 --> 00:05:02,960 Speaker 1: beers that we wouldn't otherwise get to try. So thank 108 00:05:03,000 --> 00:05:05,159 Speaker 1: you Adam for sending this beer over and real quick, 109 00:05:05,160 --> 00:05:07,479 Speaker 1: I'll say I looked up on their website. This was 110 00:05:07,560 --> 00:05:11,440 Speaker 1: the first beer that they released, this brewer, this specific bottle. Right, yeah, 111 00:05:11,440 --> 00:05:13,400 Speaker 1: and that impressive. That's really cool. Yeah, these guys are 112 00:05:13,480 --> 00:05:16,480 Speaker 1: super small and are relatively new, so yeah, looking forward 113 00:05:16,480 --> 00:05:18,880 Speaker 1: to chat more later on. Alright, Matt, So let's get 114 00:05:18,920 --> 00:05:22,320 Speaker 1: to some listener questions today. And for folks out there 115 00:05:22,320 --> 00:05:25,279 Speaker 1: wondering how they can submit a question to be considered 116 00:05:25,320 --> 00:05:27,080 Speaker 1: to go on the show, they can go to how 117 00:05:27,080 --> 00:05:30,039 Speaker 1: to Money dot com slash ask and there are directions 118 00:05:30,040 --> 00:05:33,400 Speaker 1: there for how to submit a voicemail question. And let's 119 00:05:33,440 --> 00:05:36,440 Speaker 1: take our first one right now. Hey, guys, this is 120 00:05:36,480 --> 00:05:39,560 Speaker 1: Andrew from Mount Pleasant, South Carolina. My wife and I 121 00:05:39,640 --> 00:05:42,159 Speaker 1: love your show. We've learned a lot from you about 122 00:05:42,200 --> 00:05:45,159 Speaker 1: not just how the money the why the money. My 123 00:05:45,279 --> 00:05:48,800 Speaker 1: question today deals with side hustles. My time is pretty limited, 124 00:05:49,120 --> 00:05:51,520 Speaker 1: and so I've been exploring opportunities to make money off 125 00:05:51,560 --> 00:05:53,800 Speaker 1: of things I already do or could do with a 126 00:05:53,839 --> 00:05:58,000 Speaker 1: small time commitment. For example, you both clearly love biking, 127 00:05:58,279 --> 00:06:00,880 Speaker 1: and Matt sounds like you run a good bit I 128 00:06:00,960 --> 00:06:03,520 Speaker 1: do too. Have y'all tried any of the apps that 129 00:06:03,520 --> 00:06:06,599 Speaker 1: claim they'll pay you to exercise? It seems like a 130 00:06:06,640 --> 00:06:08,960 Speaker 1: nice way to earn a little extra cash or saying fit, 131 00:06:09,480 --> 00:06:11,800 Speaker 1: But I also wonder if they're small payouts worth at 132 00:06:11,800 --> 00:06:15,040 Speaker 1: the time. I'd love to know your experiences with those apps, 133 00:06:15,520 --> 00:06:19,360 Speaker 1: grocery reward apps or anything else like that. Thanks so much, 134 00:06:19,440 --> 00:06:22,560 Speaker 1: and keep up the great work. Andrew, thanks so much 135 00:06:22,600 --> 00:06:25,400 Speaker 1: man for sending that question in. I'm gonna go ahead 136 00:06:25,440 --> 00:06:27,680 Speaker 1: and just jump to it and say that I think 137 00:06:27,680 --> 00:06:30,320 Speaker 1: most folks are not going to be making serious money 138 00:06:30,480 --> 00:06:32,440 Speaker 1: using some of those different apps. You know, if you 139 00:06:32,440 --> 00:06:35,719 Speaker 1: consider your hourly rates, I think you might quickly realize 140 00:06:35,760 --> 00:06:38,960 Speaker 1: that it's just not worth it, unless, like you said, 141 00:06:39,360 --> 00:06:41,880 Speaker 1: you are already doing that activity. If there's something that 142 00:06:41,920 --> 00:06:44,599 Speaker 1: you can pare with what you are already doing and 143 00:06:44,640 --> 00:06:47,600 Speaker 1: it really doesn't take any time. Uh. Some of those apps, 144 00:06:48,080 --> 00:06:50,719 Speaker 1: like those fitness apps you know you mentioned when you're running, 145 00:06:51,000 --> 00:06:53,279 Speaker 1: you know, that can be a great way to maybe 146 00:06:53,279 --> 00:06:56,520 Speaker 1: make some extra money. Um you mentioned, you know how 147 00:06:56,560 --> 00:06:58,640 Speaker 1: we talk about the why, not just how the money, 148 00:06:58,640 --> 00:07:01,600 Speaker 1: but why. And I think that's a great consideration here 149 00:07:01,680 --> 00:07:04,200 Speaker 1: is because just because you can make some extra money 150 00:07:04,400 --> 00:07:06,880 Speaker 1: with some of these apps doesn't necessarily mean that you 151 00:07:06,880 --> 00:07:09,680 Speaker 1: should so, taking again, taking into account how much time 152 00:07:09,720 --> 00:07:12,520 Speaker 1: you would actually spend doing these different activities, you know, 153 00:07:12,600 --> 00:07:15,440 Speaker 1: to make a few bucks, that's a serious consideration before 154 00:07:15,480 --> 00:07:17,960 Speaker 1: I would consider going in on any of these apps. Yeah. Man, 155 00:07:17,960 --> 00:07:20,160 Speaker 1: I haven't really experimented with many of these apps, and 156 00:07:20,200 --> 00:07:23,160 Speaker 1: it's purely for that reason. I don't feel like the 157 00:07:23,160 --> 00:07:26,680 Speaker 1: payback I'm going to get is equal to the required 158 00:07:26,960 --> 00:07:29,160 Speaker 1: bandwidth and time that I have to put forth in 159 00:07:29,280 --> 00:07:31,320 Speaker 1: order to make money from these apps. But we should 160 00:07:31,360 --> 00:07:34,480 Speaker 1: mention a couple that might be helpful, and in particular, 161 00:07:34,520 --> 00:07:36,960 Speaker 1: the ones that can give you the greatest payback I 162 00:07:37,000 --> 00:07:39,520 Speaker 1: think are the grocery apps. And so there are two 163 00:07:39,600 --> 00:07:41,960 Speaker 1: in particular that I would say are worth trying. There's 164 00:07:42,000 --> 00:07:45,160 Speaker 1: Ibota and there's Fetch. Well, I've never said I bought 165 00:07:45,200 --> 00:07:47,440 Speaker 1: a out loud. In my mind. I've always read it 166 00:07:47,480 --> 00:07:50,400 Speaker 1: as like Iboda or something like that. It's ib O 167 00:07:50,520 --> 00:07:52,160 Speaker 1: T T A right, But it makes sense he said 168 00:07:52,200 --> 00:07:54,600 Speaker 1: I boughta. I immediately got it because I've never said 169 00:07:54,640 --> 00:07:57,680 Speaker 1: the stupid app out loud. Just read it. Yeah, it 170 00:07:57,720 --> 00:08:01,200 Speaker 1: makes so much sense now. But my my friend Michael, 171 00:08:01,360 --> 00:08:03,720 Speaker 1: he is a single dude and he makes over five 172 00:08:04,480 --> 00:08:07,680 Speaker 1: a year using Ibota. And so it's this app where 173 00:08:07,720 --> 00:08:10,000 Speaker 1: you take a picture of your receipts from the grocery 174 00:08:10,040 --> 00:08:13,920 Speaker 1: store and you get money back just for taking those 175 00:08:13,920 --> 00:08:16,360 Speaker 1: receipts and submitting them. And fetches very similar. And those 176 00:08:16,400 --> 00:08:19,760 Speaker 1: are the two that, from everything I've heard and read 177 00:08:19,800 --> 00:08:23,400 Speaker 1: and experienced, that give you the highest payback for the 178 00:08:23,480 --> 00:08:25,800 Speaker 1: littlest effort. And I think that's kind of what you're 179 00:08:25,840 --> 00:08:27,600 Speaker 1: looking for when it comes to some of these apps. 180 00:08:27,920 --> 00:08:30,040 Speaker 1: So yeah, make sure to check those two out. And 181 00:08:30,080 --> 00:08:32,440 Speaker 1: then Angel, you mentioned that you're a runner in regards 182 00:08:32,440 --> 00:08:34,680 Speaker 1: to some of those different fitness apps. Achievement is the 183 00:08:34,720 --> 00:08:37,280 Speaker 1: most popular and legitimate one out there that I could 184 00:08:37,280 --> 00:08:39,920 Speaker 1: find doing my research, and I actually downloaded that myself, 185 00:08:40,240 --> 00:08:43,880 Speaker 1: gave it a shots. You get points for tracking your activity. Uh, 186 00:08:43,920 --> 00:08:46,400 Speaker 1: you get extra points if you take surveys and different 187 00:08:46,440 --> 00:08:48,760 Speaker 1: things like that. I didn't participate in any of those 188 00:08:48,800 --> 00:08:51,360 Speaker 1: surveys because I wanted to see how many points I 189 00:08:51,360 --> 00:08:54,319 Speaker 1: would get just by having this app essentially running in 190 00:08:54,360 --> 00:08:56,960 Speaker 1: the background. And once you earned those points, though, you 191 00:08:56,960 --> 00:08:59,400 Speaker 1: can redeem those for cash. Once you get ten thousand points, 192 00:08:59,400 --> 00:09:01,280 Speaker 1: you get ten buck. And I'll go ahead and say 193 00:09:01,320 --> 00:09:04,600 Speaker 1: that it's hard to earn that many points. The cool 194 00:09:04,720 --> 00:09:07,600 Speaker 1: thing about achievement is that it imported my activity from 195 00:09:07,679 --> 00:09:10,640 Speaker 1: run keeper for the past month, and this past month 196 00:09:10,679 --> 00:09:13,040 Speaker 1: has actually been pretty light when it comes to running. 197 00:09:13,080 --> 00:09:15,520 Speaker 1: I've only run like once a week, so like four times, 198 00:09:15,559 --> 00:09:17,679 Speaker 1: which is not much. But that being said, I got 199 00:09:17,720 --> 00:09:21,760 Speaker 1: a thousand points, which is a dollar equivent to a dollar. 200 00:09:21,840 --> 00:09:23,600 Speaker 1: So if I was running like I normally do, which is, 201 00:09:23,920 --> 00:09:26,440 Speaker 1: you know, three times a week, that can easily translate 202 00:09:26,480 --> 00:09:29,440 Speaker 1: to three thousand points, which is about three bucks. So yeah, 203 00:09:29,440 --> 00:09:31,480 Speaker 1: I mean, it's real money. It's not going to make 204 00:09:31,520 --> 00:09:33,560 Speaker 1: you rich, but again, you know, I was looking for 205 00:09:33,600 --> 00:09:35,800 Speaker 1: a way to have an app running in the background 206 00:09:35,800 --> 00:09:38,200 Speaker 1: that requires zero effort for me, because you'll, like you 207 00:09:38,240 --> 00:09:40,640 Speaker 1: I'm not willing to take on an additional sort of 208 00:09:40,679 --> 00:09:42,640 Speaker 1: side gig via an app like this to to make 209 00:09:42,679 --> 00:09:44,959 Speaker 1: a few bucks, although I am totally cool with it though, 210 00:09:44,960 --> 00:09:46,760 Speaker 1: if it's super easy like that and I don't have 211 00:09:46,800 --> 00:09:49,000 Speaker 1: to give it any time at all. Yeah. So another 212 00:09:49,040 --> 00:09:51,559 Speaker 1: one that that Andrew might want to consider is it's 213 00:09:51,559 --> 00:09:54,400 Speaker 1: called sweat coin, and you're not earning cash. You're earning 214 00:09:54,400 --> 00:09:57,440 Speaker 1: actually sweat coins like digital currency, but you can redeem 215 00:09:57,480 --> 00:10:00,600 Speaker 1: those sweat coins inside the sweat coin app to buy 216 00:10:00,840 --> 00:10:04,240 Speaker 1: physical products, and so that's kind of an interesting one. 217 00:10:04,559 --> 00:10:06,520 Speaker 1: It's doing kind of Matt what you said. It is 218 00:10:06,640 --> 00:10:10,080 Speaker 1: running in the background and it's documenting your exercise and 219 00:10:10,120 --> 00:10:13,200 Speaker 1: giving you sweatcoins based on how much exercise you're performing. 220 00:10:13,400 --> 00:10:15,640 Speaker 1: Although one caveat to the app is that it doesn't 221 00:10:15,640 --> 00:10:18,360 Speaker 1: work indoors, So if you're running on a treadmill or 222 00:10:18,600 --> 00:10:21,040 Speaker 1: doing push ups, you know, inside your house, it's not 223 00:10:21,040 --> 00:10:24,480 Speaker 1: going to count. It's only going to count those miles 224 00:10:24,520 --> 00:10:28,560 Speaker 1: that you walk or run outside of the house. Yeah, 225 00:10:28,600 --> 00:10:30,319 Speaker 1: that one was a little more confusing as far as 226 00:10:30,360 --> 00:10:33,959 Speaker 1: how you can redeem those for actual currency. It was 227 00:10:34,040 --> 00:10:35,800 Speaker 1: kind of cool, like it was a slick app. It 228 00:10:35,840 --> 00:10:38,360 Speaker 1: kind of felt like a game, like little virtual reality 229 00:10:38,720 --> 00:10:40,520 Speaker 1: thing going on there. I don't know, it's hard to describe, 230 00:10:40,559 --> 00:10:42,599 Speaker 1: but you'll see if you check it out. But I 231 00:10:42,600 --> 00:10:45,880 Speaker 1: could not figure out, like what the exchange rate was, 232 00:10:46,200 --> 00:10:48,559 Speaker 1: So that's one thing I didn't like about sweatcoins specifically. 233 00:10:48,640 --> 00:10:51,040 Speaker 1: I feel like overall these things are just kind of 234 00:10:51,080 --> 00:10:54,199 Speaker 1: a little bit gimmicky, and there are there are ways 235 00:10:54,240 --> 00:10:56,720 Speaker 1: that you could maybe make some extra money. But Andrew 236 00:10:56,840 --> 00:10:59,600 Speaker 1: used the phrase side hustle, and you know, we talked 237 00:10:59,640 --> 00:11:02,480 Speaker 1: about that in the previous episode. I think this is 238 00:11:02,640 --> 00:11:04,839 Speaker 1: not something you want to consider a side hustle. If 239 00:11:04,840 --> 00:11:06,760 Speaker 1: you want to take the way you work out or 240 00:11:06,800 --> 00:11:09,080 Speaker 1: the way you exercise and turn that into some sort 241 00:11:09,080 --> 00:11:12,079 Speaker 1: of side hustle. In my mind, that means starting something, 242 00:11:12,360 --> 00:11:14,839 Speaker 1: you know, at five am Monday through Friday, helping other 243 00:11:14,880 --> 00:11:17,679 Speaker 1: people figure out how to exercise. Well, that is a 244 00:11:17,679 --> 00:11:20,800 Speaker 1: way to get exercise yourself and then actually be able 245 00:11:20,840 --> 00:11:22,880 Speaker 1: to make real money from it, to turn it into 246 00:11:23,080 --> 00:11:25,800 Speaker 1: a legitimate side hustle, like some run coaching or something 247 00:11:25,840 --> 00:11:27,480 Speaker 1: like that. He runs all the time, Like, how can 248 00:11:27,520 --> 00:11:30,240 Speaker 1: I tie this into a business that is something that 249 00:11:30,240 --> 00:11:32,760 Speaker 1: he can scale and bring on clients, And yeah, I'm 250 00:11:32,800 --> 00:11:35,000 Speaker 1: I'm with you, Joel. Yeah, so that's something like meaningful, 251 00:11:35,160 --> 00:11:36,960 Speaker 1: whereas a lot of the things we're mentioning here are 252 00:11:37,120 --> 00:11:39,559 Speaker 1: are going to be just smaller rewards. So Andrew in 253 00:11:39,600 --> 00:11:41,600 Speaker 1: the end, right, if you are okay trading some of 254 00:11:41,640 --> 00:11:44,680 Speaker 1: your information, your privacy, you know, some of your battery 255 00:11:44,720 --> 00:11:46,319 Speaker 1: life on your phone because it's going to use a 256 00:11:46,360 --> 00:11:48,320 Speaker 1: little more battery juice in the you know, as it's 257 00:11:48,400 --> 00:11:50,800 Speaker 1: running in the background. If you're okay trading some of 258 00:11:50,840 --> 00:11:53,679 Speaker 1: that for a few bucks, then I think it's worth it, right, Like, 259 00:11:53,760 --> 00:11:55,360 Speaker 1: you know, every few months, I might be able to 260 00:11:55,360 --> 00:11:57,959 Speaker 1: make a few bucks here and there, Uh, nice little surprise, 261 00:11:58,040 --> 00:12:00,920 Speaker 1: a little bit of extra beer money. Um. But you know, 262 00:12:01,000 --> 00:12:04,360 Speaker 1: unless I'm making actual big money, um, I'm not willing 263 00:12:04,400 --> 00:12:07,600 Speaker 1: to devote additional time towards it, right, Like I talk 264 00:12:07,679 --> 00:12:10,200 Speaker 1: often about the credit card sign up bonuses, like you're 265 00:12:10,240 --> 00:12:13,480 Speaker 1: making between three and eight hundred bucks, uh, just for 266 00:12:13,559 --> 00:12:16,280 Speaker 1: using a credit card, Like that's is something I do anyways, 267 00:12:16,760 --> 00:12:18,560 Speaker 1: I just put it on a different card. To me, 268 00:12:18,679 --> 00:12:20,680 Speaker 1: that feels like a little more substantial And it's sort 269 00:12:20,679 --> 00:12:22,760 Speaker 1: of this little side hobby thing I can do. I like, 270 00:12:22,960 --> 00:12:25,440 Speaker 1: I get all nerdy with it, but really it's bonus money. 271 00:12:25,480 --> 00:12:27,280 Speaker 1: It's you know, it's not what we would consider a 272 00:12:27,280 --> 00:12:29,800 Speaker 1: side hustle. To make sure that you're considering how much 273 00:12:29,840 --> 00:12:32,520 Speaker 1: time that you would be dedicating towards these side hustles 274 00:12:32,520 --> 00:12:34,880 Speaker 1: and that you're not getting distracted from creating something even 275 00:12:34,920 --> 00:12:37,480 Speaker 1: bigger and scalable. All right, Matt, We've got lots more 276 00:12:37,520 --> 00:12:40,160 Speaker 1: good listener questions coming up. In just a second, we're 277 00:12:40,160 --> 00:12:42,760 Speaker 1: going to take a question from a teacher who's trying 278 00:12:42,800 --> 00:12:45,120 Speaker 1: to help his students learn how to handle their money 279 00:12:45,160 --> 00:12:57,360 Speaker 1: well before they graduate. Those young UN's al Rjeel. Like 280 00:12:57,400 --> 00:12:59,280 Speaker 1: you said, we're gonna have our question here from our 281 00:12:59,320 --> 00:13:01,560 Speaker 1: teacher friend, But first we're going to hear from a 282 00:13:01,600 --> 00:13:05,280 Speaker 1: listener who had a question about rath Iras. Hey, guys, 283 00:13:05,320 --> 00:13:07,440 Speaker 1: this is Shannan from Texas. I just had a quick 284 00:13:07,520 --> 00:13:11,319 Speaker 1: question for you all about rath Iras after finishing the podcast. 285 00:13:11,640 --> 00:13:14,640 Speaker 1: So I've heard mixed reviews about getting multiple rath I 286 00:13:14,800 --> 00:13:17,720 Speaker 1: raise I've heard from some people can maybe be a 287 00:13:17,720 --> 00:13:19,920 Speaker 1: good idea to have two different rath ires just to 288 00:13:19,960 --> 00:13:23,920 Speaker 1: kind of diversify your investments. But I didn't really know 289 00:13:24,000 --> 00:13:25,920 Speaker 1: if that was the best decision or if it came 290 00:13:25,960 --> 00:13:28,520 Speaker 1: with extra fees, or if it was just kind of 291 00:13:28,520 --> 00:13:30,720 Speaker 1: too complex. So I just wanted to get y'all's opinion 292 00:13:30,800 --> 00:13:34,960 Speaker 1: on that. Thanks Shannon, great question, and actually the last 293 00:13:34,960 --> 00:13:37,560 Speaker 1: thing you said is the reason not to have multiple erase. 294 00:13:37,760 --> 00:13:41,480 Speaker 1: It's too complex having multiple roth ira accounts. It's kind 295 00:13:41,480 --> 00:13:44,200 Speaker 1: of like having multiple checking accounts. I actually do have 296 00:13:44,280 --> 00:13:47,280 Speaker 1: multiple checking You can do that, but do you need 297 00:13:47,320 --> 00:13:50,320 Speaker 1: to or multiple savings account I guess not multiple checking accounts, right, 298 00:13:50,400 --> 00:13:53,360 Speaker 1: But yeah, it can complicate life a little more than 299 00:13:53,720 --> 00:13:56,040 Speaker 1: than it needs to, and there is a chance that 300 00:13:56,040 --> 00:13:58,439 Speaker 1: you're paying higher fees depending on where your rath i 301 00:13:58,679 --> 00:14:01,400 Speaker 1: raise are located. You can technically have a roth ira 302 00:14:01,840 --> 00:14:06,560 Speaker 1: with multiple different companies, but really consolidating your roth iraise 303 00:14:06,760 --> 00:14:09,880 Speaker 1: and having them with only one institution is just gonna 304 00:14:09,880 --> 00:14:13,240 Speaker 1: make life easier on you when it comes to putting 305 00:14:13,240 --> 00:14:16,320 Speaker 1: more money into those roth iras every year with a 306 00:14:16,360 --> 00:14:18,880 Speaker 1: cap of six thousand dollars, and it's also going to 307 00:14:18,960 --> 00:14:22,200 Speaker 1: potentially make it easier for your beneficiaries. There's just all 308 00:14:22,200 --> 00:14:25,600 Speaker 1: these other hassles that come along with having multiple roth 309 00:14:25,640 --> 00:14:28,680 Speaker 1: areas at different institutions. Juel, you mentioned that six thousand 310 00:14:28,720 --> 00:14:31,680 Speaker 1: dollar cap and that is the combined total of all 311 00:14:31,720 --> 00:14:34,480 Speaker 1: your raths. So, right, you can have six different roth 312 00:14:34,560 --> 00:14:37,600 Speaker 1: IRA accounts opened, and you could put one thousand dollars 313 00:14:37,600 --> 00:14:40,080 Speaker 1: in each of them. But Shannon, you know you mentioned diversification. 314 00:14:40,120 --> 00:14:43,280 Speaker 1: There's no diversification happening there just because you have them 315 00:14:43,280 --> 00:14:46,720 Speaker 1: in separate accounts. Uh. That actual diversification is happening with 316 00:14:46,800 --> 00:14:49,720 Speaker 1: the money that you placed within your WRATH I raise 317 00:14:50,120 --> 00:14:52,240 Speaker 1: you want to use that money to buy those index funds, 318 00:14:52,240 --> 00:14:55,320 Speaker 1: which are made up of hundreds and thousands of different companies. 319 00:14:55,720 --> 00:14:59,280 Speaker 1: And so if you're referring to diversification from the standpoint of, Okay, 320 00:14:59,280 --> 00:15:02,480 Speaker 1: I have my WRATH account with this company, like let's 321 00:15:02,480 --> 00:15:05,200 Speaker 1: just say Vanguard, doesn't it make sense to diversify and 322 00:15:05,240 --> 00:15:09,000 Speaker 1: also have a roth IRA with a different company, say Fidelity. 323 00:15:09,160 --> 00:15:11,240 Speaker 1: Well there's really no risk in having all of your 324 00:15:11,240 --> 00:15:14,520 Speaker 1: money with a single account there, right, Vanguard in this case, 325 00:15:14,520 --> 00:15:17,280 Speaker 1: in this example, they're just a custodian of that account, 326 00:15:17,280 --> 00:15:20,640 Speaker 1: and there's virtually zero risk of having all of your 327 00:15:20,920 --> 00:15:24,280 Speaker 1: roth IRA money with that single company. All right, So, Matt, 328 00:15:24,320 --> 00:15:27,760 Speaker 1: you mentioned Vanguard Infidelity. A couple other great options are 329 00:15:27,880 --> 00:15:31,520 Speaker 1: Charles Schwab and in one finance. So Shannon, if you're 330 00:15:31,640 --> 00:15:34,240 Speaker 1: roth Ira is open with one of those companies, we 331 00:15:34,280 --> 00:15:37,120 Speaker 1: would suggest just staying put there and and not opening 332 00:15:37,200 --> 00:15:40,280 Speaker 1: up an account at another institution. Really, that's just gonna 333 00:15:40,280 --> 00:15:43,240 Speaker 1: overcomplicate things, and it's and it's unnecessary. All right, Joel, 334 00:15:43,320 --> 00:15:46,240 Speaker 1: let's go ahead now and take that next question. Hi, 335 00:15:46,560 --> 00:15:48,400 Speaker 1: my name is Greg and I'm a high school math 336 00:15:48,440 --> 00:15:52,600 Speaker 1: teacher in Northwest Ohio. I teach a financial algebra class 337 00:15:52,640 --> 00:15:54,920 Speaker 1: and since I created it, I've kind of turned it 338 00:15:54,960 --> 00:15:58,320 Speaker 1: into a personal finance class with the goal of getting 339 00:15:58,360 --> 00:16:01,920 Speaker 1: my students as prepared as Paul usible for post high 340 00:16:01,960 --> 00:16:06,360 Speaker 1: school life. I've tried to cover a variety of topics 341 00:16:06,480 --> 00:16:10,960 Speaker 1: um such as credit cards, mortgages, saving for retirement, and 342 00:16:11,000 --> 00:16:14,120 Speaker 1: currently we're starting to read The Total Money Makeover by 343 00:16:14,200 --> 00:16:16,800 Speaker 1: Dave Ramsey, which I feel like does a pretty good 344 00:16:16,880 --> 00:16:19,200 Speaker 1: job of covering some of the issues that can come 345 00:16:19,280 --> 00:16:22,960 Speaker 1: up throughout their lives. But my question is, if you 346 00:16:23,000 --> 00:16:25,640 Speaker 1: had to put together a checklist of what a high 347 00:16:25,680 --> 00:16:28,240 Speaker 1: school student should know by the time they graduate about 348 00:16:28,280 --> 00:16:31,760 Speaker 1: personal finance, what would it be. And I just want 349 00:16:31,800 --> 00:16:33,880 Speaker 1: to kind of have this so that I have a 350 00:16:33,920 --> 00:16:36,560 Speaker 1: better tool to use just to make sure I'm covering 351 00:16:36,640 --> 00:16:39,520 Speaker 1: everything that I can in order to prepare these students 352 00:16:39,600 --> 00:16:43,320 Speaker 1: for life after high school. I appreciate all your help 353 00:16:43,400 --> 00:16:46,840 Speaker 1: with this and I really enjoy the podcast. Thank you, Greg, 354 00:16:46,880 --> 00:16:49,120 Speaker 1: thank you so much for your question, and and thank 355 00:16:49,120 --> 00:16:52,480 Speaker 1: you for teaching your students about personal finances. And we've 356 00:16:52,480 --> 00:16:55,280 Speaker 1: talked about this before. Only five states in our great 357 00:16:55,360 --> 00:16:59,120 Speaker 1: United States actually require financial education for high school students, 358 00:16:59,440 --> 00:17:02,680 Speaker 1: and that a shame because most kids walk away knowing 359 00:17:02,720 --> 00:17:05,280 Speaker 1: a lot about a lot of important subjects, knowing a 360 00:17:05,320 --> 00:17:08,680 Speaker 1: little about some really unimportant ones, but knowing nothing about 361 00:17:08,720 --> 00:17:11,200 Speaker 1: personal finances. And that's something that affects them every single 362 00:17:11,280 --> 00:17:13,200 Speaker 1: day of the rest of their lives. Yeah, Joe, and 363 00:17:13,280 --> 00:17:15,560 Speaker 1: that reminds me of this article that you actually sent 364 00:17:15,720 --> 00:17:18,520 Speaker 1: me about this teacher up in Philly, and he started 365 00:17:18,520 --> 00:17:21,000 Speaker 1: this entire program, not just a class, but a program 366 00:17:21,040 --> 00:17:24,320 Speaker 1: where his students were able to earn money, uh, learn 367 00:17:24,400 --> 00:17:26,960 Speaker 1: how to handle their money, invest it right, all the 368 00:17:26,960 --> 00:17:29,240 Speaker 1: different things that essentially we do in the real world 369 00:17:29,280 --> 00:17:31,560 Speaker 1: within the sort of program that they have there at 370 00:17:31,560 --> 00:17:34,880 Speaker 1: the school. It's a fantastic article documenting that, and will 371 00:17:34,920 --> 00:17:36,879 Speaker 1: link to that in the show notes. So Greg to 372 00:17:36,920 --> 00:17:39,480 Speaker 1: answer your question. You know, we could give you basically 373 00:17:39,480 --> 00:17:41,719 Speaker 1: a laundry list of all the different topics that we 374 00:17:41,840 --> 00:17:44,800 Speaker 1: feel are are crazy important. However, and you could just 375 00:17:44,960 --> 00:17:47,840 Speaker 1: read all of our episode list what that would be. 376 00:17:47,920 --> 00:17:50,760 Speaker 1: That's not very fun, And honestly, like, the more we 377 00:17:50,840 --> 00:17:53,040 Speaker 1: think about it, the more that we feel that there 378 00:17:53,080 --> 00:17:55,639 Speaker 1: are a few major concepts that I think if I 379 00:17:55,680 --> 00:17:58,280 Speaker 1: was a teacher teaching students that there are a few 380 00:17:58,320 --> 00:18:01,360 Speaker 1: things that would stand out we think are crazy important, 381 00:18:01,680 --> 00:18:04,000 Speaker 1: those key principles, and so that's what we're gonna talk about, right, 382 00:18:04,040 --> 00:18:06,720 Speaker 1: the first of those being to track your spending. Right, 383 00:18:06,760 --> 00:18:08,679 Speaker 1: if you are trying to do something with your money, 384 00:18:08,960 --> 00:18:11,359 Speaker 1: hopefully that's spend less of it, invest more of it, 385 00:18:11,720 --> 00:18:13,800 Speaker 1: you have to know where your money is currently going. 386 00:18:13,840 --> 00:18:16,120 Speaker 1: You need to have eyes on it. Uh, And so 387 00:18:16,320 --> 00:18:18,160 Speaker 1: the first thing you have to do is track you're spending. 388 00:18:18,160 --> 00:18:21,000 Speaker 1: And it sounds super boring, but it's not right because 389 00:18:21,119 --> 00:18:23,160 Speaker 1: think of it's sort of like if you're training for something. 390 00:18:23,160 --> 00:18:25,119 Speaker 1: We were talked about running earlier, but if you're training 391 00:18:25,119 --> 00:18:26,640 Speaker 1: for a race, you need to know how to push 392 00:18:26,640 --> 00:18:28,920 Speaker 1: yourself and you need to see where your weaknesses are 393 00:18:29,000 --> 00:18:31,200 Speaker 1: so that you can make those changes. That's what a 394 00:18:31,240 --> 00:18:33,760 Speaker 1: budget is. First, you track your your spending and then 395 00:18:33,800 --> 00:18:36,399 Speaker 1: you start challenging yourself, right, you start setting those limits, 396 00:18:36,480 --> 00:18:38,840 Speaker 1: and that's what a budget is. A lot of times 397 00:18:38,960 --> 00:18:41,480 Speaker 1: budgets can seem pretty lame and boring, but there are 398 00:18:41,560 --> 00:18:43,800 Speaker 1: a lot of apps out there that once these kids 399 00:18:43,800 --> 00:18:45,720 Speaker 1: start making money, and some of them might be might 400 00:18:45,760 --> 00:18:47,959 Speaker 1: have part time jobs now where they can start doing that. 401 00:18:48,400 --> 00:18:51,560 Speaker 1: But a really tangible way to make that come alive 402 00:18:51,600 --> 00:18:53,800 Speaker 1: for them is to to set goals like what do 403 00:18:53,840 --> 00:18:55,120 Speaker 1: you want to be able to do with your money? 404 00:18:55,200 --> 00:18:58,200 Speaker 1: What milestone do you want to achieve by a certain point. 405 00:18:58,520 --> 00:19:00,840 Speaker 1: And that's what makes it real, that's makes it exciting 406 00:19:01,240 --> 00:19:03,600 Speaker 1: is to know that cool, this is what I'm working towards. 407 00:19:03,600 --> 00:19:05,359 Speaker 1: I'm trying to save up enough money. It's buy my 408 00:19:05,440 --> 00:19:09,359 Speaker 1: own vehicle, right, my own car or hopefully more advanced. 409 00:19:09,400 --> 00:19:11,640 Speaker 1: But they're thinking, oh, I can set aside this much 410 00:19:11,680 --> 00:19:14,600 Speaker 1: money and that will grow because I've got it invested. 411 00:19:14,640 --> 00:19:17,680 Speaker 1: And that kind of leads us to our next important point. Yeah, 412 00:19:17,680 --> 00:19:21,119 Speaker 1: another major theme that I would want my students to 413 00:19:21,200 --> 00:19:23,159 Speaker 1: learn if I was a high school teacher is to 414 00:19:23,160 --> 00:19:26,439 Speaker 1: be able to grasp the concept of compounding interest. I'm 415 00:19:26,440 --> 00:19:28,680 Speaker 1: pretty sure compounding interests has been called like the eighth 416 00:19:28,680 --> 00:19:30,720 Speaker 1: wonder of the world. If it hasn't, we're calling it 417 00:19:30,800 --> 00:19:33,760 Speaker 1: now boom trademarks. I don't know, something probably warm buff 418 00:19:33,920 --> 00:19:36,760 Speaker 1: or somebody smart said that. But especially for high school 419 00:19:36,800 --> 00:19:39,240 Speaker 1: students with how much time they have on their side, 420 00:19:39,640 --> 00:19:42,399 Speaker 1: this concept is one that they need to grasp now 421 00:19:43,040 --> 00:19:46,560 Speaker 1: because even just setting aside a few dollars a day 422 00:19:46,720 --> 00:19:48,919 Speaker 1: from their minimum wage job or something that they might 423 00:19:48,960 --> 00:19:51,560 Speaker 1: be working, that can turn into a million dollars by 424 00:19:51,600 --> 00:19:54,199 Speaker 1: the time they're sixty five. And so that is just 425 00:19:54,240 --> 00:19:56,920 Speaker 1: a concept that if you can drill that home by 426 00:19:56,960 --> 00:20:00,160 Speaker 1: making it simple and making it tangible and easy to understand, 427 00:20:00,320 --> 00:20:02,040 Speaker 1: it's gonna make a huge difference in the rest of 428 00:20:02,040 --> 00:20:05,639 Speaker 1: their lives. And it's gonna help them actually prioritize investing 429 00:20:05,720 --> 00:20:09,480 Speaker 1: over spending because they understand how big of a deal 430 00:20:09,600 --> 00:20:12,600 Speaker 1: compounding interest is. So I would definitely make that and 431 00:20:12,640 --> 00:20:16,520 Speaker 1: communicating that concept well a really high priority in the class. Yeah, Joel, 432 00:20:16,520 --> 00:20:18,120 Speaker 1: and I think our third big point that we would 433 00:20:18,119 --> 00:20:20,960 Speaker 1: want to see communicated to high school students has to 434 00:20:21,040 --> 00:20:23,640 Speaker 1: do with credit cards. Greg you mentioned that y'all are 435 00:20:23,680 --> 00:20:26,560 Speaker 1: starting to read the Total Money Makeover book, which is 436 00:20:26,640 --> 00:20:29,520 Speaker 1: Dave Ramsey's and Dave Ramesy is a great start that 437 00:20:29,600 --> 00:20:32,439 Speaker 1: he covers a lot of great concepts. He actually does 438 00:20:32,440 --> 00:20:35,000 Speaker 1: a good job of covering compounding interests, so that's awesome, 439 00:20:35,240 --> 00:20:37,440 Speaker 1: but we personally feel that he does a pretty poor 440 00:20:37,520 --> 00:20:40,400 Speaker 1: job when it comes to talking about credit cards. We 441 00:20:40,480 --> 00:20:44,919 Speaker 1: think that having credit cards and handling them responsibly is 442 00:20:45,000 --> 00:20:47,520 Speaker 1: an important lesson to learn. You need to have a 443 00:20:47,520 --> 00:20:49,679 Speaker 1: good credit score in order to get a mortgage. There 444 00:20:49,680 --> 00:20:51,400 Speaker 1: are very few folks out there in the world who 445 00:20:51,440 --> 00:20:53,439 Speaker 1: are going to save up enough money to buy a 446 00:20:53,480 --> 00:20:57,000 Speaker 1: home in cash. Well, some people do it, it's admirable, 447 00:20:57,160 --> 00:20:59,280 Speaker 1: but fact is, not many folks are going to be 448 00:20:59,280 --> 00:21:01,359 Speaker 1: be able to do that. And so how to handle 449 00:21:01,400 --> 00:21:04,160 Speaker 1: your credit cards and knowing the downside of that, right, 450 00:21:04,200 --> 00:21:06,399 Speaker 1: this is the flip side of compounding interest. You can 451 00:21:06,440 --> 00:21:09,360 Speaker 1: have compounding interests work for you if you're investing that money, 452 00:21:09,440 --> 00:21:11,360 Speaker 1: but if you are in debt and you're making payments, 453 00:21:11,440 --> 00:21:14,199 Speaker 1: what you've got interest working against you. And that's not 454 00:21:14,280 --> 00:21:15,960 Speaker 1: the side of it that you want to be on. Yeah, 455 00:21:16,000 --> 00:21:18,520 Speaker 1: and one last thing in particular, because you're speaking to 456 00:21:18,640 --> 00:21:21,520 Speaker 1: high school students, that we would recommend you discuss are 457 00:21:21,640 --> 00:21:23,680 Speaker 1: the costs of college. I feel like that is something 458 00:21:23,680 --> 00:21:25,480 Speaker 1: that a lot of these kids are in all likelihood 459 00:21:25,560 --> 00:21:28,159 Speaker 1: gonna struggle with going to a school the costs more 460 00:21:28,200 --> 00:21:30,600 Speaker 1: than they can afford, racking up student loans, maybe even 461 00:21:30,600 --> 00:21:33,600 Speaker 1: their parents racking up student loans on their behalf, and 462 00:21:33,800 --> 00:21:38,119 Speaker 1: in understanding the burden that can come by taking on 463 00:21:38,240 --> 00:21:40,359 Speaker 1: more than you can bear. And so maybe that means 464 00:21:40,400 --> 00:21:42,480 Speaker 1: looking up a bunch of different schools and what the 465 00:21:42,520 --> 00:21:45,719 Speaker 1: average annual tuition is, and then what the average annual 466 00:21:45,760 --> 00:21:48,960 Speaker 1: salary is for people that graduate from those schools. There 467 00:21:48,960 --> 00:21:50,600 Speaker 1: are all sorts of different ways that you can help 468 00:21:50,640 --> 00:21:53,720 Speaker 1: communicate this concept, maybe helping kids see that if they 469 00:21:53,760 --> 00:21:56,000 Speaker 1: go to a local community college for the first two 470 00:21:56,080 --> 00:21:59,600 Speaker 1: years of their college career, that they could potentially save 471 00:21:59,720 --> 00:22:02,560 Speaker 1: ten of thousands of dollars and it just makes their 472 00:22:02,560 --> 00:22:05,480 Speaker 1: lives so much easier post graduation if they're not saddled 473 00:22:05,480 --> 00:22:08,000 Speaker 1: with massive amounts of student loans and so on episode 474 00:22:08,000 --> 00:22:10,240 Speaker 1: seventy we talked about that, but that is just such 475 00:22:10,280 --> 00:22:12,840 Speaker 1: an important issue right now in our society, and so 476 00:22:13,160 --> 00:22:16,879 Speaker 1: making sure that your kids understand the perils of taking 477 00:22:16,880 --> 00:22:19,440 Speaker 1: out too much student loan debt. It's it's just crucial. 478 00:22:19,480 --> 00:22:21,320 Speaker 1: They have to know that and they have to know 479 00:22:21,359 --> 00:22:24,720 Speaker 1: it now. And it's also worth mentioning that college may 480 00:22:24,720 --> 00:22:27,080 Speaker 1: not be for everyone out there. I mean, we know 481 00:22:27,119 --> 00:22:28,520 Speaker 1: that it may not be for everyone, but is it 482 00:22:28,560 --> 00:22:31,520 Speaker 1: talked about and the trades right that they're making a 483 00:22:31,560 --> 00:22:35,480 Speaker 1: comeback skilled laborers. But then obviously entrepreneurship, right, if you 484 00:22:35,560 --> 00:22:38,400 Speaker 1: have students who are driven enough to kind of create 485 00:22:38,440 --> 00:22:41,040 Speaker 1: something that they want to do on their own terms, 486 00:22:41,560 --> 00:22:43,560 Speaker 1: that can be an excellent path to pursue as well 487 00:22:43,600 --> 00:22:47,120 Speaker 1: that doesn't even involve college. Enjil one last bonus one 488 00:22:47,440 --> 00:22:49,920 Speaker 1: is the stock trading game. A lot of times that's 489 00:22:50,000 --> 00:22:52,600 Speaker 1: part of the curriculum when it comes to financial education 490 00:22:52,640 --> 00:22:54,680 Speaker 1: in schools. I totally did that in high school. Yeah 491 00:22:54,720 --> 00:22:56,840 Speaker 1: I did. I did. And it's fun. It feels like 492 00:22:56,840 --> 00:23:00,159 Speaker 1: gambling because that's basically what it is. But that's the 493 00:23:00,280 --> 00:23:03,520 Speaker 1: downside of it is that it makes students think that 494 00:23:03,640 --> 00:23:06,760 Speaker 1: investing is sort of this crap shoot that you're just gambling. 495 00:23:07,160 --> 00:23:09,320 Speaker 1: Might go up and might go down, who knows, But 496 00:23:09,440 --> 00:23:12,440 Speaker 1: really that's not what investing is all about. So I 497 00:23:12,440 --> 00:23:15,760 Speaker 1: would stay away from that. Stock trading game altogether. I 498 00:23:15,800 --> 00:23:18,359 Speaker 1: completely agree my friend. Okay, we've got two more listener 499 00:23:18,440 --> 00:23:20,720 Speaker 1: questions in a particular Matt. You're gonna answer a question 500 00:23:20,760 --> 00:23:23,320 Speaker 1: about the cost of makeup, right, Yeah, I will, or 501 00:23:23,480 --> 00:23:26,000 Speaker 1: my wife will, so yeah, let's bring her on. All right, 502 00:23:26,000 --> 00:23:36,920 Speaker 1: we'll do that right after the break. All right, Jill, 503 00:23:36,960 --> 00:23:39,800 Speaker 1: we are back and we've got a quick landlording question. 504 00:23:40,600 --> 00:23:43,200 Speaker 1: Hey guys, this Lee and New Hampshire. Just got done 505 00:23:43,200 --> 00:23:45,240 Speaker 1: listening to your episode of Listener Questions and had a 506 00:23:45,280 --> 00:23:48,040 Speaker 1: couple of my own. First, what is your preferred way 507 00:23:48,040 --> 00:23:50,400 Speaker 1: to receive rent? My wife and I are getting our 508 00:23:50,400 --> 00:23:53,679 Speaker 1: first tenants and we're wondering what is the best method. Second, 509 00:23:53,880 --> 00:23:55,960 Speaker 1: my wife and I both work full time. She tried 510 00:23:56,000 --> 00:23:58,920 Speaker 1: telling me that we shouldn't declare our income from our renters. 511 00:23:59,359 --> 00:24:01,359 Speaker 1: What kind of problem are we setting ourselves up for 512 00:24:01,480 --> 00:24:04,520 Speaker 1: with a decision like that. Thanks for your answers, and 513 00:24:04,560 --> 00:24:06,760 Speaker 1: I'm sure I'll have more in the future. Matt. We 514 00:24:06,840 --> 00:24:08,920 Speaker 1: love talking real estate. Yeah, and I kind of want 515 00:24:08,920 --> 00:24:10,520 Speaker 1: to jump to that second part of this question, but 516 00:24:10,600 --> 00:24:12,399 Speaker 1: let's just go ahead and go in order and uh 517 00:24:12,440 --> 00:24:15,840 Speaker 1: answer his question about rents. Okay, we'll go linearly. Uh. 518 00:24:16,080 --> 00:24:19,359 Speaker 1: I still have one tenant, by the way, who refuses 519 00:24:19,400 --> 00:24:21,520 Speaker 1: to pay me any other method except for a check 520 00:24:21,840 --> 00:24:25,720 Speaker 1: personal check. Yes, that's fine, it's fine, it works, but 521 00:24:25,800 --> 00:24:27,719 Speaker 1: it's just a little more annoying because I'm so used 522 00:24:27,760 --> 00:24:30,199 Speaker 1: to digital payments now. I'm used to to using the 523 00:24:30,280 --> 00:24:32,680 Speaker 1: cash app. I'm used to using Venmo. Yeah, both of 524 00:24:32,680 --> 00:24:34,679 Speaker 1: those are awesome, Joel, you and I both use Vemo 525 00:24:34,760 --> 00:24:37,280 Speaker 1: and cash app. They're super easy to use, really clean, 526 00:24:37,359 --> 00:24:41,399 Speaker 1: really easy. I have attendant that sometimes uses PayPal and 527 00:24:41,440 --> 00:24:43,359 Speaker 1: it can be great as well. It's it's it's easy, 528 00:24:43,440 --> 00:24:46,919 Speaker 1: but it adds the additional layer of having to select 529 00:24:47,040 --> 00:24:50,040 Speaker 1: pay friends and family or pay for goods and services, 530 00:24:50,240 --> 00:24:52,399 Speaker 1: and originally PayPal had set that up. I think for 531 00:24:52,480 --> 00:24:57,480 Speaker 1: online businesses like eBay specifically to add some buyer protection 532 00:24:57,680 --> 00:25:00,080 Speaker 1: when it comes to paying a vendor, there's a an 533 00:25:00,080 --> 00:25:02,199 Speaker 1: amount of protection built in. They charged for that. It's 534 00:25:02,200 --> 00:25:05,000 Speaker 1: like two or three percent. And so if you're collecting 535 00:25:05,000 --> 00:25:07,320 Speaker 1: your rent and your tenant doesn't pay your friends or family, 536 00:25:07,680 --> 00:25:10,359 Speaker 1: you get hit with a two or three percent fee, 537 00:25:10,840 --> 00:25:12,399 Speaker 1: depending on what you're in is that's that can be 538 00:25:12,400 --> 00:25:14,960 Speaker 1: a lot of money, you know, bucks, and so that 539 00:25:15,000 --> 00:25:17,320 Speaker 1: can be a pain personally, I try to avoid PayPal 540 00:25:17,400 --> 00:25:20,000 Speaker 1: because of that. But I'm surprised to hear you knocking 541 00:25:20,040 --> 00:25:21,639 Speaker 1: on personal checks. To be honest, Well, I just have 542 00:25:21,720 --> 00:25:23,040 Speaker 1: to like wait for it to show up in my 543 00:25:23,080 --> 00:25:24,760 Speaker 1: mailbox and then I got to take a picture of 544 00:25:24,760 --> 00:25:26,720 Speaker 1: it with my phone. It's just extra steps. Yeah, I 545 00:25:26,720 --> 00:25:28,440 Speaker 1: guess I don't mind the picture. I mean, back when 546 00:25:28,440 --> 00:25:31,080 Speaker 1: I had to go into the bank, Oh, that's way worse. Yeah, 547 00:25:31,480 --> 00:25:33,919 Speaker 1: I hated it, right, I was all about digital payments 548 00:25:33,920 --> 00:25:35,960 Speaker 1: at that point. I was even really happy with with PayPal. 549 00:25:36,080 --> 00:25:38,359 Speaker 1: But I don't know that the mobile deposits are so 550 00:25:38,359 --> 00:25:40,560 Speaker 1: easy now. Pretty much all banks have them now. I 551 00:25:40,600 --> 00:25:44,200 Speaker 1: personally don't mind. But one other service you should consider 552 00:25:44,240 --> 00:25:47,959 Speaker 1: when it comes to accepting payments from your tenant is 553 00:25:48,119 --> 00:25:50,880 Speaker 1: a service called Cozy, and the website is Cozy dot 554 00:25:50,920 --> 00:25:54,239 Speaker 1: c o. And it's a really good, actually kind of 555 00:25:54,280 --> 00:25:58,119 Speaker 1: suite of landlord tools that you can use. Cozy doesn't 556 00:25:58,160 --> 00:26:01,800 Speaker 1: charge any fees to the landlord or the tenant in 557 00:26:01,880 --> 00:26:04,479 Speaker 1: order to pay rent. They also have tenant screening tools 558 00:26:04,720 --> 00:26:07,199 Speaker 1: that you can use, and those do cost money. I 559 00:26:07,240 --> 00:26:09,480 Speaker 1: haven't switched over to Cozy, Matt, but I've been on 560 00:26:09,520 --> 00:26:12,080 Speaker 1: my radar because now I've got enough rental properties that 561 00:26:12,119 --> 00:26:13,600 Speaker 1: I feel like it makes sense for me to kind 562 00:26:13,600 --> 00:26:15,560 Speaker 1: of button things up a little bit more. And I 563 00:26:15,560 --> 00:26:18,520 Speaker 1: feel like Cozy has this awesome suite of tools that 564 00:26:18,800 --> 00:26:21,959 Speaker 1: make it free and easy for for landlords. Yeah, this is, 565 00:26:22,240 --> 00:26:24,359 Speaker 1: at least I think the second time that you've mentioned Cozy, 566 00:26:24,480 --> 00:26:26,320 Speaker 1: So I think it might be time for some personal 567 00:26:26,359 --> 00:26:28,560 Speaker 1: experimentation coming up here in the future. Joel, all right, 568 00:26:28,600 --> 00:26:30,919 Speaker 1: I gotta make the change now. The pressure is on. 569 00:26:31,240 --> 00:26:33,280 Speaker 1: But Lee onto the second part of your question about 570 00:26:33,440 --> 00:26:38,400 Speaker 1: not declaring rental income. Uh, don't do that. Basically, that's 571 00:26:38,440 --> 00:26:40,840 Speaker 1: tax fraud. At the very least, there could be fines 572 00:26:40,920 --> 00:26:44,480 Speaker 1: and penalties. At worst, there could actually be jail time. 573 00:26:44,760 --> 00:26:46,800 Speaker 1: It's just flat out illegal. So you want to make 574 00:26:46,800 --> 00:26:49,399 Speaker 1: sure that you are in compliance with the I r S. 575 00:26:49,520 --> 00:26:51,240 Speaker 1: You just want to make sure, yeah, that you're doing 576 00:26:51,280 --> 00:26:55,080 Speaker 1: the right thing. Yeah, and there are actually some benefits 577 00:26:55,200 --> 00:26:58,720 Speaker 1: to declaring the income that you make from your rental property. 578 00:26:58,760 --> 00:27:00,960 Speaker 1: You can deduct expensive is and you can take that 579 00:27:01,040 --> 00:27:05,760 Speaker 1: depreciation as well on your taxes. Major repairs and remodels 580 00:27:05,760 --> 00:27:08,359 Speaker 1: that you do to the property can have big impacts 581 00:27:08,480 --> 00:27:10,920 Speaker 1: on the taxes that you'll pay. Joel, and other big 582 00:27:10,920 --> 00:27:14,000 Speaker 1: expenses as well, like I mean, insurance, But even the 583 00:27:14,040 --> 00:27:16,200 Speaker 1: small stuff, right, you know, you can track your mileage 584 00:27:16,280 --> 00:27:19,480 Speaker 1: to your rental property to check up on it for showings, 585 00:27:19,600 --> 00:27:21,840 Speaker 1: just different things, just even keeping an eye on it. 586 00:27:22,200 --> 00:27:24,720 Speaker 1: That's not a ton, But all that little stuff adds up. Yeah, 587 00:27:24,720 --> 00:27:27,560 Speaker 1: And depending on the spread between the costs associated with 588 00:27:27,560 --> 00:27:30,520 Speaker 1: your rental property and the income that is generating, you 589 00:27:30,600 --> 00:27:32,560 Speaker 1: might even be able to take a loss on your 590 00:27:32,600 --> 00:27:35,639 Speaker 1: taxes on your rental property, therefore benefiting you on this 591 00:27:35,720 --> 00:27:39,119 Speaker 1: year's taxes. So yeah, for many reasons, you're going to 592 00:27:39,240 --> 00:27:41,639 Speaker 1: want to to clear your rental income. You're in for 593 00:27:41,720 --> 00:27:43,680 Speaker 1: a big headache if you don't. All right, Joe, let's 594 00:27:43,680 --> 00:27:45,840 Speaker 1: go ahead. Now get to our last question. This one 595 00:27:45,960 --> 00:27:48,520 Speaker 1: is about makeup. This one's a little bit out of 596 00:27:48,520 --> 00:27:56,000 Speaker 1: our wheelhouse. Hi, mangel, this is Kimberly from DUBO Jacksonville, Florida, 597 00:27:56,280 --> 00:27:59,520 Speaker 1: and I have a question about your wive's makeup situation. 598 00:28:00,240 --> 00:28:04,000 Speaker 1: When I go to purchase makeup, just mascara alone is 599 00:28:04,040 --> 00:28:07,080 Speaker 1: around ten dollars. So I'm wondering what your wives do 600 00:28:07,280 --> 00:28:10,439 Speaker 1: to cut the costs when it comes to buying makeup. 601 00:28:11,080 --> 00:28:13,720 Speaker 1: You don't want to buy the cheapest thing because you 602 00:28:13,720 --> 00:28:18,320 Speaker 1: don't want to break out and stuff. So thanks for everything. 603 00:28:18,520 --> 00:28:23,639 Speaker 1: By it's real quick, let's talk about dove all that 604 00:28:23,760 --> 00:28:25,159 Speaker 1: is that? How you do it? I've never heard of 605 00:28:25,200 --> 00:28:26,800 Speaker 1: it before, but I like, I like the energy, so 606 00:28:26,800 --> 00:28:29,000 Speaker 1: I'm gonna be honest. I did not know what the 607 00:28:29,000 --> 00:28:30,600 Speaker 1: heck that was all about, and so I looked it 608 00:28:30,680 --> 00:28:34,920 Speaker 1: up and evidently that's what Jacksonville Jaguar fans do, either 609 00:28:35,280 --> 00:28:37,919 Speaker 1: during a football game or just when they are calling 610 00:28:37,920 --> 00:28:41,600 Speaker 1: into podcasts and ask me questions. So well done, Kimberly. 611 00:28:41,640 --> 00:28:45,000 Speaker 1: I like it, and like I mentioned, it's understandable Joel 612 00:28:45,040 --> 00:28:47,640 Speaker 1: that you and I don't have much experience with saving 613 00:28:47,640 --> 00:28:50,240 Speaker 1: on makeup, so it's convenient that my wife Kate is 614 00:28:50,320 --> 00:28:53,320 Speaker 1: here at the house and she can share what she does. 615 00:28:53,400 --> 00:28:57,480 Speaker 1: So okay, thanks for dropping in. Sure. Happy to you, hi, Kimberly. 616 00:28:57,680 --> 00:29:01,200 Speaker 1: I am happy to answer your question from my perspective. UM, 617 00:29:01,200 --> 00:29:03,959 Speaker 1: it absolutely resonates me what you're asking about. Always been 618 00:29:04,000 --> 00:29:06,560 Speaker 1: shocked by how expensive makeup can be, and it's hard 619 00:29:06,600 --> 00:29:08,760 Speaker 1: to know where to spend and where to save, and 620 00:29:08,800 --> 00:29:12,600 Speaker 1: it's really different and personal decision for everyone. So UM, 621 00:29:12,760 --> 00:29:14,680 Speaker 1: I can talk a little bit about what I personally 622 00:29:14,760 --> 00:29:17,200 Speaker 1: do to save money on makeup that works for me. 623 00:29:17,600 --> 00:29:20,320 Speaker 1: First of all, I don't wear makeup often, so I'm 624 00:29:20,360 --> 00:29:22,640 Speaker 1: willing to spend a little bit more on a higher 625 00:29:22,720 --> 00:29:26,640 Speaker 1: quality product. It lasts forever, and really I spend very 626 00:29:26,640 --> 00:29:30,400 Speaker 1: little on makeup overall. Even still, usually, and I've found 627 00:29:30,440 --> 00:29:33,960 Speaker 1: a product that I want to purchase, I will Google it, 628 00:29:34,000 --> 00:29:37,040 Speaker 1: but leads me either to website that's currently offering a 629 00:29:37,120 --> 00:29:41,000 Speaker 1: sale on that product, or sometimes it will lead me 630 00:29:41,120 --> 00:29:44,120 Speaker 1: to one of the many instagrammers who are out there 631 00:29:44,160 --> 00:29:48,360 Speaker 1: testing one products a day and offering um suggestions or 632 00:29:48,360 --> 00:29:52,960 Speaker 1: recommended duplicates or knockoff products for more expensive products. So, um, 633 00:29:53,000 --> 00:29:55,600 Speaker 1: if you purchase makeup rarely, spending a few minutes on 634 00:29:55,640 --> 00:29:58,800 Speaker 1: Google can save you a lot. So you found okay 635 00:29:58,840 --> 00:30:01,040 Speaker 1: that there's not necessarily a website that has all the 636 00:30:01,080 --> 00:30:04,360 Speaker 1: cheap stuff, that's like amazing, No, there are there are 637 00:30:04,400 --> 00:30:07,600 Speaker 1: thousands of makeup websites where you can purchase. UM. I 638 00:30:07,640 --> 00:30:10,360 Speaker 1: do think maybe googling the name of the website and 639 00:30:10,400 --> 00:30:15,280 Speaker 1: reviews after that it's helpful because some of these are 640 00:30:15,320 --> 00:30:17,560 Speaker 1: just going to take your money or send you a 641 00:30:17,560 --> 00:30:21,400 Speaker 1: product that isn't actually what you ordered, so they're constantly changing, 642 00:30:21,680 --> 00:30:25,240 Speaker 1: constantly offering different kinds of sales and deals, anything from 643 00:30:25,280 --> 00:30:28,600 Speaker 1: Alta to Macy's two Nordstrom. I would stick to something 644 00:30:28,640 --> 00:30:30,760 Speaker 1: you've heard of before so that you don't end up 645 00:30:31,200 --> 00:30:34,280 Speaker 1: um with a fake product. But you should be able 646 00:30:34,320 --> 00:30:37,400 Speaker 1: to find a sale on whatever makeup you're looking for 647 00:30:37,520 --> 00:30:42,640 Speaker 1: almost all the time, especially around the holidays, when they're 648 00:30:42,680 --> 00:30:46,520 Speaker 1: offering gifts with purchase or they're offering buy one, get 649 00:30:46,560 --> 00:30:49,160 Speaker 1: one deals on some of the bigger websites out there. 650 00:30:50,600 --> 00:30:53,360 Speaker 1: That's a really easy quick way to save a lot 651 00:30:53,400 --> 00:30:56,440 Speaker 1: of money on makeup. So another thing I do to 652 00:30:56,480 --> 00:30:59,920 Speaker 1: save money on makeup is stick to more of four 653 00:31:00,000 --> 00:31:03,080 Speaker 1: table brands when the product that I'm looking to buy 654 00:31:03,440 --> 00:31:06,760 Speaker 1: is more trendy product and it's less something that I'm 655 00:31:06,760 --> 00:31:11,200 Speaker 1: gonna wear often for an entire year. So lip color, 656 00:31:11,320 --> 00:31:14,600 Speaker 1: eye color, nail color, those are usually a really good 657 00:31:14,640 --> 00:31:16,520 Speaker 1: place for me to save a lot of money. I 658 00:31:16,560 --> 00:31:19,400 Speaker 1: know I may not finish the whole product, and so 659 00:31:19,600 --> 00:31:22,560 Speaker 1: I'm not willing to spend very much on those things, um, 660 00:31:22,600 --> 00:31:26,280 Speaker 1: But more foundational products like baby creams and powders and 661 00:31:26,480 --> 00:31:28,239 Speaker 1: lotions and stuff like that that I know I'm going 662 00:31:28,280 --> 00:31:30,880 Speaker 1: to finish. Wait, what's did you say baby cream or 663 00:31:30,920 --> 00:31:36,000 Speaker 1: baby cream? What's that b So it's like a foundation 664 00:31:36,160 --> 00:31:40,360 Speaker 1: mixed with usually an SPF and a lotion altogether. Cool. 665 00:31:40,360 --> 00:31:42,760 Speaker 1: I'm learning so much on this episode. Another thing you 666 00:31:42,800 --> 00:31:45,120 Speaker 1: mentioned in your question then I will talk about for 667 00:31:45,200 --> 00:31:48,600 Speaker 1: just a minute, is that more affordable makeup is not 668 00:31:48,760 --> 00:31:52,680 Speaker 1: always worse for skin. I have really sensitive skin and 669 00:31:52,720 --> 00:31:57,280 Speaker 1: have experienced irritation from products that do not always line 670 00:31:57,360 --> 00:31:59,720 Speaker 1: up with what I spent on that product. So trial 671 00:31:59,760 --> 00:32:02,640 Speaker 1: and air is super important for me when it comes 672 00:32:02,640 --> 00:32:06,240 Speaker 1: to makeup, which leads me to remind everybody that you 673 00:32:06,280 --> 00:32:09,360 Speaker 1: can return makeup. I like to try a product a 674 00:32:09,400 --> 00:32:10,960 Speaker 1: couple of times to make sure that I love it 675 00:32:11,000 --> 00:32:14,320 Speaker 1: before I decided to keep it, and since it's not cheap, 676 00:32:14,880 --> 00:32:17,120 Speaker 1: I do not hesitate to return it if I do 677 00:32:17,240 --> 00:32:20,600 Speaker 1: not totally love it, so I'm not just packing out 678 00:32:20,640 --> 00:32:22,720 Speaker 1: a drawer with a bunch of products. I don't use 679 00:32:23,320 --> 00:32:26,560 Speaker 1: um everywhere I've ever purchased makeup except returns. I just 680 00:32:26,600 --> 00:32:29,800 Speaker 1: hold onto original packaging and receipts for a couple of 681 00:32:29,840 --> 00:32:33,800 Speaker 1: weeks and never had a problem. The final thing I 682 00:32:33,840 --> 00:32:37,320 Speaker 1: do probably to save money on makeup is to remind 683 00:32:37,360 --> 00:32:41,160 Speaker 1: myself to use what I already have. So anytime I 684 00:32:41,200 --> 00:32:43,960 Speaker 1: am going to purchase a new product, I remind myself 685 00:32:44,000 --> 00:32:46,000 Speaker 1: to go back through the makeup I already have make 686 00:32:46,040 --> 00:32:48,400 Speaker 1: sure I don't have something similar to what I'm thinking 687 00:32:48,440 --> 00:32:52,320 Speaker 1: about purchasing. I have been guilty of not using makeup 688 00:32:52,360 --> 00:32:54,920 Speaker 1: down to the last drop in the past and going 689 00:32:54,960 --> 00:32:58,880 Speaker 1: ahead and purchasing a new product before has really been needed. 690 00:32:59,360 --> 00:33:02,280 Speaker 1: So now I challenge myself to always use it all 691 00:33:02,360 --> 00:33:05,680 Speaker 1: up and look back over what I have before buying 692 00:33:05,720 --> 00:33:08,160 Speaker 1: something new. So those are all the tips I have 693 00:33:08,240 --> 00:33:10,080 Speaker 1: off the top of my head, Kimberly, I hope that's 694 00:33:10,080 --> 00:33:13,800 Speaker 1: been helpful. I would also recommend checking out the how 695 00:33:13,840 --> 00:33:16,800 Speaker 1: to Money Facebook page and continuing this conversation over there, 696 00:33:16,880 --> 00:33:20,120 Speaker 1: as I feel like there are some super savvy ladies 697 00:33:20,160 --> 00:33:23,320 Speaker 1: over there, right, very helpful. Yeah, I've learned so much 698 00:33:23,360 --> 00:33:27,080 Speaker 1: from that group, so more detailed answers probably over there 699 00:33:27,120 --> 00:33:29,560 Speaker 1: if you'd like to continue the conversation. One last question 700 00:33:29,560 --> 00:33:32,360 Speaker 1: for you, k can you buy makeup on eBay? Like? 701 00:33:32,440 --> 00:33:34,400 Speaker 1: I don't know. I'm not saying necessarily that it's going 702 00:33:34,440 --> 00:33:36,840 Speaker 1: to be used, but I mean you can get anything 703 00:33:36,840 --> 00:33:40,880 Speaker 1: on eBay, right sure, new unopened makeup on eBay from 704 00:33:41,040 --> 00:33:43,600 Speaker 1: people who sell it privately or from makeup artists. There 705 00:33:43,640 --> 00:33:47,160 Speaker 1: are tons of products on eBay that are legit that 706 00:33:47,200 --> 00:33:50,600 Speaker 1: you can purchase at great discount. So yeah, that's a 707 00:33:50,600 --> 00:33:53,400 Speaker 1: really good place to look too. Cool awesome babe, thanks 708 00:33:53,440 --> 00:33:56,880 Speaker 1: so much for coming on and sharing your makeup wisdom 709 00:33:56,920 --> 00:34:00,360 Speaker 1: with us. Sure anytime, all right, so I must get fests. 710 00:34:00,720 --> 00:34:03,600 Speaker 1: I personally don't want makeup. Uh. I did when I 711 00:34:03,600 --> 00:34:05,400 Speaker 1: was a kid, when my sisters will put it on me, 712 00:34:05,480 --> 00:34:08,160 Speaker 1: But since those days, just zero makeup for me. But 713 00:34:08,239 --> 00:34:09,920 Speaker 1: I did find this site. I think it might be 714 00:34:09,960 --> 00:34:12,120 Speaker 1: helpful for Kimberly and for other ladies who are looking 715 00:34:12,160 --> 00:34:14,239 Speaker 1: to save on makeup. It's called brand if I b 716 00:34:14,520 --> 00:34:17,360 Speaker 1: r A in D E F Y dot info, and 717 00:34:17,400 --> 00:34:20,240 Speaker 1: they have an app. It's iPhone only, but they compare 718 00:34:20,480 --> 00:34:23,520 Speaker 1: store products to the name brand products, and they have 719 00:34:23,640 --> 00:34:27,040 Speaker 1: specific Brandify reviews. And so, for instance, there's one on 720 00:34:27,160 --> 00:34:31,400 Speaker 1: foundation and and they compare a forty foundation to a 721 00:34:31,440 --> 00:34:34,080 Speaker 1: twelve dollar foundation, and the reviewer says, in my opinion, 722 00:34:34,120 --> 00:34:37,080 Speaker 1: if you don't care for the sweatproof, then there's no 723 00:34:37,120 --> 00:34:39,279 Speaker 1: need for the name brand, go drug store and get 724 00:34:39,280 --> 00:34:41,879 Speaker 1: a great foundation that lasts all day for cheap. So 725 00:34:41,960 --> 00:34:44,640 Speaker 1: this could be a good site for ladies to check out. 726 00:34:45,000 --> 00:34:47,680 Speaker 1: It might be helpful when they're comparing like inexpensive verse 727 00:34:47,840 --> 00:34:51,279 Speaker 1: really expensive makeup options. It's kind of fun to take something, Matt, 728 00:34:51,320 --> 00:34:53,879 Speaker 1: that we don't know to answer on our own. Had 729 00:34:53,880 --> 00:34:56,480 Speaker 1: to bring your life on but so hopefully Kimberly in 730 00:34:57,000 --> 00:34:59,799 Speaker 1: Duval get a nice little answer there. I don't think 731 00:34:59,840 --> 00:35:02,680 Speaker 1: that's how you do it either, dude, keep I keep trying. 732 00:35:03,000 --> 00:35:05,160 Speaker 1: Not working all right, we lost all the time we've 733 00:35:05,200 --> 00:35:07,440 Speaker 1: got for listening questions on this episode, Matt. It was 734 00:35:07,440 --> 00:35:09,440 Speaker 1: super fun. And any other listeners who want to get 735 00:35:09,480 --> 00:35:11,880 Speaker 1: in on the action in future episodes, well they can 736 00:35:11,880 --> 00:35:13,960 Speaker 1: go to our website how to money dot com slash ask. 737 00:35:14,400 --> 00:35:16,200 Speaker 1: But real quick, let's get back to the beer. We 738 00:35:16,200 --> 00:35:18,279 Speaker 1: had a beer called form to Table on the show 739 00:35:18,280 --> 00:35:21,560 Speaker 1: today and it was real nice. Yeah, man, I really 740 00:35:21,800 --> 00:35:23,480 Speaker 1: enjoyed this one. I'm not sure if you said what 741 00:35:23,520 --> 00:35:25,160 Speaker 1: kind of beer this was at the beginning, but it 742 00:35:25,320 --> 00:35:28,920 Speaker 1: is a rustic table beer. And I don't know if 743 00:35:28,920 --> 00:35:31,360 Speaker 1: this is the proper definition of a table beer, but 744 00:35:31,400 --> 00:35:33,120 Speaker 1: in my book, it's just a beer that you can 745 00:35:33,160 --> 00:35:36,640 Speaker 1: have pretty much any time with any food pairing. It 746 00:35:36,640 --> 00:35:39,799 Speaker 1: doesn't have an overpowering flavor. Uh, It's something that you 747 00:35:39,840 --> 00:35:43,360 Speaker 1: can enjoy pretty much whenever with whatever. And what that 748 00:35:43,400 --> 00:35:46,000 Speaker 1: also means, man, is that this is a really refreshing beer. 749 00:35:46,160 --> 00:35:47,719 Speaker 1: The a b V on this is only three and 750 00:35:47,760 --> 00:35:49,719 Speaker 1: a half percent, so it's really easy to drink, but 751 00:35:49,760 --> 00:35:52,280 Speaker 1: it's still got some of those sort of funky farmhouse 752 00:35:52,280 --> 00:35:54,560 Speaker 1: flavors going on. And I dig it. Yeah, this is 753 00:35:54,560 --> 00:35:57,040 Speaker 1: a style that I'm getting more and more into that 754 00:35:57,160 --> 00:35:59,520 Speaker 1: I just had more of an appreciation for because it 755 00:35:59,640 --> 00:36:02,040 Speaker 1: is one of the those beers that's accessible but still 756 00:36:02,120 --> 00:36:04,560 Speaker 1: tastes good. And so yeah, I really enjoyed this one. 757 00:36:04,680 --> 00:36:07,640 Speaker 1: And big thanks to Adam and Philly for sending this 758 00:36:07,680 --> 00:36:09,880 Speaker 1: one over to us. So again, props to Form and 759 00:36:09,920 --> 00:36:12,160 Speaker 1: we're excited to have had this beer on the show. 760 00:36:12,480 --> 00:36:14,719 Speaker 1: But Joel, I think that's gonna be it for this episode. Man, 761 00:36:15,280 --> 00:36:17,880 Speaker 1: Yes it is. But we will have links to some 762 00:36:17,960 --> 00:36:20,440 Speaker 1: of those apps so we mentioned and more on the 763 00:36:20,440 --> 00:36:23,720 Speaker 1: show notes for this episode at how to money dot com. 764 00:36:23,760 --> 00:36:25,799 Speaker 1: And if you found this episode helpful, we would love 765 00:36:25,840 --> 00:36:29,640 Speaker 1: to hear from you. Our listeners just search for how 766 00:36:29,760 --> 00:36:32,400 Speaker 1: to Money over at an Apple Podcasts as if you 767 00:36:32,440 --> 00:36:34,799 Speaker 1: didn't know that's what this podcast was called. But leave 768 00:36:34,840 --> 00:36:37,160 Speaker 1: us a review over there, that would be awesome. We'd 769 00:36:37,200 --> 00:36:40,120 Speaker 1: love to hear from you, our buddy, until next time. 770 00:36:41,160 --> 00:36:44,480 Speaker 1: Until next time, best friends out, Best Friends out Man