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Speaker 1: Joel, what's going on, buddy? Hello friend? How you doing? Man?

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Speaker 1: I'm great, Okay, I was gonna, I said, not so hot, man,

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Speaker 1: I would have just kept on. Uh No.

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Speaker 2: I wanted to share this little story with you because

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Speaker 2: the weather has been getting a little bit warmer, and

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Speaker 2: with the nicer weather, Kate and I have been outside.

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Speaker 1: We've been walking more classic old folks sport. It's a

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Speaker 1: it's a good time for us to be active. We've

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Speaker 1: swinging your arms when you do it.

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Speaker 2: I know we're not we don't have to waits or

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Speaker 2: anything like that, but we're being active. We're moving around,

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Speaker 2: but just reconnecting. We've been doing this on Sundays, so.

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Speaker 1: I get you so lovely. It gets you some wrist weights.

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Speaker 1: Get this though.

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Speaker 2: The other day, Kate and I were together and I

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Speaker 2: came across some cash in the streets. It was it

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Speaker 2: was a little rainy, so it was like wet like soopping.

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Speaker 2: What I was like, wait a minute, is that money?

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Speaker 2: Guess how much I found?

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Speaker 1: Forty two dollars no more, one hundred and forty two over.

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Speaker 2: It's the most money, by far that I've ever found.

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Speaker 2: It was one hundred and ninety dollars.

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Speaker 1: Wow, it was it.

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Speaker 2: I couldn't believe it, and I looked nobody was around.

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Speaker 2: So my question for you, how much money is too

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Speaker 2: much for you just to pick up and say, okay,

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Speaker 2: this is now my money.

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Speaker 1: Okay, where where did you find it? Was it in

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Speaker 1: your neighborhood? No, it was just out on the street,

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Speaker 1: like literally in the gutter.

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Speaker 2: And obviously, if it was in a wallet or something

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Speaker 2: like that, you've got an ID right somewhere, a way

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Speaker 2: to identify whose money this belongs to you.

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Speaker 1: But that wasn't the case. I would pick it up

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Speaker 1: because I would be I would be worried that it's

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Speaker 1: going to go to what was going to happen to it?

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Speaker 1: I mean swimming with the turtles or something.

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Speaker 2: Yeah, anyway, I couldn't believe it, so I just wanted

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Speaker 2: to I wanted to share that with you, and I

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Speaker 2: was willing. It was completely disgusting to go home wash.

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Speaker 2: It disinfected my hand as well.

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Speaker 1: But I was going to say maybe I'd posted the

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Speaker 1: neighborhood Facebook, but then you get like twelve people saying.

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Speaker 2: That's why it wasn't They wasn't in the neighborhood. Okay, Yeah,

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Speaker 2: it was out on a main street anyway. I wanted

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Speaker 2: to Yeah, I wanted to mission that drinks on me

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Speaker 2: next time. Okay, yet I could not believe it.

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Speaker 1: Wow, Okay, okay, So yeah, I'm curious to know what

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Speaker 1: you're gonna do with your new found wealth. But let's

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Speaker 1: mention the topic that we're tackling in today's episode. This

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Speaker 1: is a bestiet. We're replaying it because we're in town

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Speaker 1: for our kids aret of school. We're doing some family stuff,

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Speaker 1: so no time to record a Friday, so we'll throw

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Speaker 1: this episode on for you. And this is I think

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Speaker 1: a really good one, Matt. You sus mentioned the weather's

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Speaker 1: getting warmer, springs coming. I'm ready for my cherry blossom

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Speaker 1: to bloo me in my friend yard. And I think

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Speaker 1: this episode it's basically a checklist of things that you

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Speaker 1: should probably tackle from a financial perspective in the spring.

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Speaker 1: We're getting close to spring, so we felt now was

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Speaker 1: a good time to replay this one. We hope you

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Speaker 1: enjoy it and hope it's helpful. Welcome to How the Money.

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Speaker 1: I'm Joel. It's I am that today we're discussing spring

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Speaker 1: cleaning your finances like an adult, like an adult. Did

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Speaker 1: you almost say like a boss. I didn't, but I

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Speaker 1: should have.

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Speaker 2: I think you felt the temptation from ten years ago

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Speaker 2: said like a boss.

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Speaker 1: On there are people still doing like hashtag adulting on stuff.

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Speaker 1: I don't know this, you know truly what we're gonna

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Speaker 1: talk about today, like spring cleaning. Everybody knows that this

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Speaker 1: is the time of year when you're gonna start like

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Speaker 1: that stuff in order getting rid of some the junk

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Speaker 1: and you know, cleaning your porch so that you get

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Speaker 1: ready and you know, we're about start getting loads of

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Speaker 1: pollen on our porches here in Atlanta. But this is

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Speaker 1: a great time to get a handful of tasks done.

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Speaker 1: There isn't normally a part of kind of how you

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Speaker 1: approach your personal finances. That's what we're going to talk

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Speaker 1: about today. That's right, man. But first you want to

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Speaker 1: talk about the Grant Park Kids Business Fair. Yeah, let's

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Speaker 1: do it.

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Speaker 2: Kind of a random thing. So I sent that over

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Speaker 2: to you recently, and it's you know, Grant Park. Let's

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Speaker 2: catch listeners up. That is the neighborhood next door to

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Speaker 2: ours and they're hosting or over.

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Speaker 1: There their most historic park in Atlanta, the oldest park

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Speaker 1: in Atlanta. Is it really I think so. It's not

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Speaker 1: the biggest, like Pemont Park is the most widely known,

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Speaker 1: but I think Grant Park is the oldest. I gotta

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Speaker 1: think Piedmont Park was older. That's right there in the city, right,

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Speaker 1: Maybe I.

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Speaker 2: Get be wrong, but so basically it's it's like a

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Speaker 2: craft fair where instead of adults selling stuff, selling their

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Speaker 2: wares and goods, it's kids, which is super cool.

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Speaker 1: Man.

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Speaker 2: Kids they have to put together a business plan, they

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Speaker 2: come up with a product, and they approach it from

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Speaker 2: a very like startup mentality where they have to identify

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Speaker 2: a product that's going to appeal to a wide audience.

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Speaker 2: They have to identify their target markets, all of these

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Speaker 2: different concepts that go into creating your own business introducing

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Speaker 2: those to kids at a young age. So is this

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Speaker 2: something you thought about. Do you think one of your

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Speaker 2: kids might join the kids Business Fair?

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Speaker 1: Yeah? I think so. Maybe. By the way, you never

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Speaker 1: have to not know the answer to something. I just

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Speaker 1: looked it up. It is the oldest parking Atlantic Crampark,

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Speaker 1: is it really? But yes, I think this Kid's Business Fair.

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Speaker 1: I think my eight year old is going to participate.

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Speaker 1: She although it's super selective and so they don't take everybody.

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Speaker 1: I think there are a lot of complications. I saw

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Speaker 1: that it's competitive, like there's a limited number of well

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Speaker 1: get But I love this concept right because you and

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Speaker 1: I we think it's always interesting when I hear people

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Speaker 1: talk about, especially like political candidates, like I'm gonna help

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Speaker 1: create jobs. And one of the coolest things I think

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Speaker 1: that we should kind of reframe is that people should

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Speaker 1: think more about creating their own jobs. It's totally fine,

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Speaker 1: like I worked for nine to five for other employers

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Speaker 1: or even different hours for a lot of years. But

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Speaker 1: I love the idea of teaching our kids that they

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Speaker 1: can create their own work, they can start their own

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Speaker 1: small business, they can do what they want to do.

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Speaker 1: And I think, you know, starting them young. This is

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Speaker 1: open to as young as six years old. You can,

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Speaker 1: you know, apply to have your own tent and sell

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Speaker 1: your wares, whether it's a baked good or whether it's

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Speaker 1: something you've made, some crafts, whatever.

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Speaker 2: It is, okay, you can saddle your parents with all

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Speaker 2: of the work to create your bike goodsforts and that

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Speaker 2: is part of all that.

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Speaker 1: Parents have to get involved, that's for sure, but that's

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Speaker 1: also just I think something good for us to do

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Speaker 1: as parents to help our kids, to push them in

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Speaker 1: that direction, to help them at least see that there

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Speaker 1: is another way to do things like what an eye

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Speaker 1: opening experience at the age of six, seven, eight, to

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Speaker 1: set up a tent and realize, Dang, I just walked

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Speaker 1: away with like one hundred and twenty bucks for all

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Speaker 1: the stuff I worked hard for weeks to create and

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Speaker 1: now I sold it and I made money. And just

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Speaker 1: to really formulating their minds that idea that it's possible

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Speaker 1: and they can do it, that's true.

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Speaker 2: Yeah, I definitely love those ideas as well, but we're

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Speaker 2: not doing it. So I mean, as I'm lazy right now, yeah,

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Speaker 2: I mean, as I look to this bring I'm just like, Okay,

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Speaker 2: there's no I don't think we have the capacity, We

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Speaker 2: don't have the room to bring that into our life

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Speaker 2: right now. But if we assuming we done with that,

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Speaker 2: we definitely will make it a point to at least

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Speaker 2: a tend because I think even just being exposed to that,

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Speaker 2: even the kids seeing other kids doing this a it

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Speaker 2: could encourage them to maybe want to do it next year,

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Speaker 2: but just for them to see that kids are making

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Speaker 2: different products. I think even that idea of seeing a

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Speaker 2: variety of different kids, a variety of different ages, a

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Speaker 2: variety of different businesses could potentially almost be as beneficial

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Speaker 2: for them, just for them to open their eyes to

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Speaker 2: see the different possibilities out there.

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Speaker 1: Even just that can provide a little spark. And you

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Speaker 1: know what, So I think two things. One, if there's

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Speaker 1: like a kid's business fair in your area, like look

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Speaker 1: into it and see if there is one, and join

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Speaker 1: it if you can. If not, I don't know, think

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Speaker 1: about creating one for kids in the neighborhood. And then

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Speaker 1: just another option really is is to just put a

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Speaker 1: business in front of your house, like a kid business,

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Speaker 1: whether it's lemonade stand or whatever your kid is into selling.

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Speaker 2: Sounds like much less work for us, but also the

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Speaker 2: ability for a kid to still learn some of the

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Speaker 2: ins and outs of supply and demand and the different

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Speaker 2: things that create a successful little corner business.

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Speaker 1: And you realize that, like lemonade doesn't sell well in

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Speaker 1: the middle of December, but like you know, in the

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Speaker 1: middle of July, a lot more people are here in

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Speaker 1: the spring.

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Speaker 2: Yeah, absolutely, it's something that folks are willing to purchase.

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Speaker 2: But I am excited for the for the girls, especially

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Speaker 2: to show up with their own money, because it's a

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Speaker 2: lesson in spending as well, not just in consuming, but

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Speaker 2: just like, okay, you've got you only have a certain

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Speaker 2: amount of money, like what if you're going to spend anything?

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Speaker 2: Like what are you going to spend it on? I

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Speaker 2: think there's important lessons there as well.

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Speaker 1: But we'll make sure that how much do you have

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Speaker 1: to charge in order to make a profit. But because

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Speaker 1: you've already like got some sound costs over here, it's

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Speaker 1: just all that stuff. All these lessons are good for those, yeah,

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Speaker 1: middle aged kids, not the super young ones, but the

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Speaker 1: middle aged kids.

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Speaker 2: I think it's it's great stuff for that. Yeah, we'll

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Speaker 2: link to that specific fare in our show notes if

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Speaker 2: you happen to be an Atlanta listener.

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Speaker 1: Yeah, all right, well, Matt, let's mention the beer that

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Speaker 1: we're having on this episode. Picked this one up at

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Speaker 1: our local bottle shop. It is says on du pumpt.

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Speaker 1: It is a classic Sayson Belgian style farmhouse. Heale says

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Speaker 1: right here, it's the world's most iconic Sayson. So I

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Speaker 1: think that's true, got a lot to live up to.

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Speaker 1: I'm not gonna deny that their marketing is accurate. So

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Speaker 1: We'll give our thoughts on this one at the end

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Speaker 1: of the episode, but for now, let's get on to

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Speaker 1: the topic at hand. It is spring cleaning your finances

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Speaker 1: like an adult, and matdam made me think of the

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Speaker 1: fact that your birthday only comes once a year. Your

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Speaker 1: birthday comes right around Christmas time. Mine comes two months later.

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Speaker 1: But you know, no one's like winter babies. Yeah, no

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Speaker 1: one's blindsided or surprised by the fact that, oh, it's

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Speaker 1: my birthday again. Wait, I forgot about that. Like it's

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Speaker 1: something that we look forward to. My wife she even

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Speaker 1: tends to celebrate for like a full month. It's not

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Speaker 1: a birthday, it's like a birth long month that she celebrates,

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Speaker 1: so real quick.

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Speaker 2: This is a tangent, like what do you think about

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Speaker 2: multiple celebrations of one person's birthday Because I'm gonna reveal

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Speaker 2: my cards.

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Speaker 1: I hate it.

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Speaker 2: I like, I don't even like celebrating a birthday, Like,

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Speaker 2: no on the actual day. Like in my mind, if

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Speaker 2: you can't have to throw an actual party on your

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Speaker 2: actual birthday because it's during the week, well I guess

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Speaker 2: that year you.

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Speaker 1: Don't get to have a big birthday. Oh come on,

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Speaker 1: what you're killed? Joy? And I feel like, Okay, so

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Speaker 1: the years were that.

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Speaker 2: Your birthday does happen to fall on a Friday or

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Speaker 2: a Saturday, you go all out because guess what, it's

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Speaker 2: your actual birthday. It lands on an actual weekend, and

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Speaker 2: a ton of folks can't attend the party. But I'm

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Speaker 2: sure that's just me being me, So yeah, no, I

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Speaker 2: agree to disagree, grinch. Okay, but when that once a

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Speaker 2: year day of joy arrives, which you should be joyous,

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Speaker 2: even if it's a weekday, like, go ahead and celebrate,

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Speaker 2: and so you could be joyous, but does every day

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Speaker 2: you choose, I mean you also throw a party.

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Speaker 1: I've never understood district adherence to the day, Like, you know,

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Speaker 1: it's I don't get necessarily, you know, my wife's desire

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Speaker 1: to celebrate all month long. But sometimes it's like all right,

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Speaker 1: that's that's that's a long time. But it's but having

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Speaker 1: you know, a couple of celebrations and not having the

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Speaker 1: actual day, I'm good with it. Right. But yeah, so

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Speaker 1: semi rare events, right, we we don't forget about if

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Speaker 1: they're good things. But if these semi rare events are

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Speaker 1: annoying things or something that is like completely not fun,

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Speaker 1: we're more likely to forget about it, or at least

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Speaker 1: pretend that we forgot about it. Kind of like how you,

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Speaker 1: Matt forget to go to the dentist, you know, feels enthusiastic.

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Speaker 1: You either don't, you know, you don't forget.

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Speaker 2: I love going to the dentist, Like, yes, literally, when

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Speaker 2: I'm sitting there and they're you know, they got their

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Speaker 2: tools and blasting away stuff in my mouth, I actually

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Speaker 2: enjoy it. To me, it's almost like going to get

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Speaker 2: a massage, not quite as nice, but what yes, one

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Speaker 2: hundred percent. It's not that I don't enjoy it.

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Speaker 1: You are not. It's just I just.

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Speaker 2: Choose not to. I don't want to go because I

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Speaker 2: don't want to pay for something that I don't necessarily

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Speaker 2: need to do.

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Speaker 1: Well, if it's soothing, I think maybe that's another reason

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Speaker 1: to potentially pay for going rather.

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Speaker 2: Than pay for an actual massage. But let's not talk

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Speaker 2: about the dentist thing Anymoreough, I've got enough hate mail.

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Speaker 1: Okay, well spring is here, right, and it's kind it's

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Speaker 1: the kind of time of year that we do all

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Speaker 1: sorts of things that we don't regularly do. Yeah, you know,

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Speaker 1: you pressure offh your house or you like dust off

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Speaker 1: the fan blades. Whoever does that? Only in spring, right

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Speaker 1: do we get around of dusting off the fan blades.

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Speaker 1: And there are all sorts of cleaning projects that you

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Speaker 1: might be tackling right now you're not even consider doing

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Speaker 1: again until next spring. And so yeah, today we're going

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Speaker 1: to extend your spring cleaning list to your personal finances

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Speaker 1: because there are a few tasks that they don't need

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Speaker 1: to become ongoing obligations, things that you revisit once a

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Speaker 1: week or even once a month. But yeah, we think

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Speaker 1: that these things are going to help make your personal

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Speaker 1: finances more manageable and whipping into better shape with some

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Speaker 1: extra elbow grease that you can apply now. And really, truly,

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Speaker 1: now is the time, it's like the best time try

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Speaker 1: to kind of tackle some of these things, that's right.

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Speaker 2: Yeah, And you know, one of the reasons we are

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Speaker 2: talking about this is because of the fact that our

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Speaker 2: finances have just gotten so much more complicated than they

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Speaker 2: used to be. You know, like we've got accounts everywhere,

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Speaker 2: Like you might have multiple four to one k's, you

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Speaker 2: might have multiple savings accounts and credit cards. It could

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Speaker 2: feel like that there's just too much going on and similarly,

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Speaker 2: it can be just like that with the stuff that

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Speaker 2: you own. It feels like the more stuff you have

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Speaker 2: and the more complicated your life gets, the more time

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Speaker 2: that you're going to have to dedicate to keeping up

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Speaker 2: with and maintaining your stuff. Basically, like I'm talking about

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Speaker 2: cleaning here, and just like it takes rolling up your

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Speaker 2: sleeves in order to keep up with all your stuff,

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Speaker 2: the same is true when it comes to your financial health.

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Speaker 2: Your financial hygiene to a certain degree, is what we're

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Speaker 2: talking about here. We all wish that there's just like

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Speaker 2: an easy button to push, but there's going to be

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Speaker 2: some manual labor involved. But fortunately it's nothing that we

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Speaker 2: all can't handle. And so we'll spell out a number

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Speaker 2: of different areas that you should pay special attention to

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Speaker 2: in your personal finances once a year, and now is

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Speaker 2: the best time to make that happen.

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Speaker 1: Right, all right, So first things first, let's give our

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Speaker 1: first tip for spring cleaning. Maybe the first area that

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Speaker 1: you should address while you're doing this kind of personal

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Speaker 1: finance deep dive, and the first thing really is to

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Speaker 1: update your budget, especially right now, Matt, I'm given the

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Speaker 1: recent inflation surge, right I guess a good question for

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Speaker 1: people to ask themselves is does my budget still hold water?

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Speaker 1: Because depending on how you spend money in the specific

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Speaker 1: categories where you direct most of your money each month,

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Speaker 1: your budget could still be mostly intact, or it could

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Speaker 1: be blown to smithereens. And so yeah, chances are if

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Speaker 1: you haven't revisited your budget in the past twelve months,

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Speaker 1: it needs at least some tweaking, but potentially even an overhaul.

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Speaker 1: And that's got a lot to do with rising gas

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Speaker 1: prices and rising prices at the grocery store. But it

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Speaker 1: could also be you specific right, that you've made significant

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Speaker 1: changes to your life over the past year two And

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Speaker 1: that's totally fine. There's nothing wrong with making changes and

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Speaker 1: reallocating your dollars, but change your budget accordingly. You want

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Speaker 1: to make sure it reflects kind of you know where

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Speaker 1: your spending priorities lie now, and remember too, like budgets

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Speaker 1: aren't a tool to deprive you from spending money on anything, right,

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Speaker 1: We actually think that they exist to help you funnel

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Speaker 1: money in the direction that you want it to go,

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Speaker 1: basically making sure that you're not frittering away your money

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Speaker 1: and helping to ensure that you actually accomplish those bigger

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Speaker 1: goals that you've got. It's actually a tool to funnel

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Speaker 1: your dollars towards the things that make the most difference

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Speaker 1: at the end of the day in your life. Yeah, totally.

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Speaker 2: Man, So you can ask yourself, do you still even

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Speaker 2: like your budgeting system or is it effective? If not,

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Speaker 2: then this can be a great time to sign up

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Speaker 2: for a new service or even just to tweak your

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Speaker 2: budget to better fit how you are currently interacting with it.

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Speaker 2: And so like that can mean simplifying, or maybe that

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Speaker 2: could mean like having fewer categories in order to more

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Speaker 2: quickly gauge what's happening with your money. Can I just

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Speaker 2: say I think sometimes that is something that can make

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Speaker 2: a big difference for a lot of people. Like maybe

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Speaker 2: you've gotten hyper specific and you're tracking every dollar across

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Speaker 2: forty five different categories every single month, and if you

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Speaker 2: simplified that to eight to twelve, maybe it makes it

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Speaker 2: a whole lot easier for you to actually do that

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Speaker 2: work and see where your money's going. Sure, yeah, it's

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Speaker 2: just a simpler budget can often be a better budget.

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Speaker 1: Yeah, totally.

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Speaker 2: If your current budget it's not working for you, maybe

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Speaker 2: you've completely fallen off the wagon, maybe you've abandoned it

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Speaker 2: all together. Then yeah, it could be totally worth attempting,

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Speaker 2: like a new method or a new system. Honestly, sometimes

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Speaker 2: it might even make sense just to pay for some

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Speaker 2: of the different helpful software out there that exists. Mint

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Speaker 2: is free if you're looking just to track you're spending,

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Speaker 2: but wine app you need a budget. It's one of

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Speaker 2: our favorites. But it is going to cost you a

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Speaker 2: little bit of money. But even still, since most whine

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Speaker 2: app users get more organized with their money and they

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Speaker 2: end up oftentimes saving a good bit more money because

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Speaker 2: of it, it could absolutely.

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Speaker 1: Be worth it.

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Speaker 2: It's one of those instances where paying for this one

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Speaker 2: thing actually ends up netting you more money in the end.

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Speaker 1: It's like if someone said, hey, will you pay twenty

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Speaker 1: bucks to get an hour extra in your day? Everybody

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Speaker 1: else gets twenty four hours and you get twenty five.

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Speaker 1: I would do that in a heartbeat.

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Speaker 2: Or specifically, would you be willing to pay twenty dollars

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Speaker 2: and then get one hundred dollars back?

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Speaker 1: That's literally what this is. That's kind of the proposition

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Speaker 1: with something like wineapp. And the great thing is, yeah,

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Speaker 1: there's a free trial you can sign up for give

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Speaker 1: it a shot, and if it works out for you, great.

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Speaker 1: If it ends up to saving more money and just

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Speaker 1: making your finances more manageable, awesome. If it doesn't, ditch it, right,

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Speaker 1: that's a great thing. You can do some trial and error,

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Speaker 1: But finding a budgeting system that works for you is

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Speaker 1: just like a perfect spring cleaning task, like revisiting it,

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Speaker 1: making sure that all the proper amounts are allocated to

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Speaker 1: the proper areas, and then making sure that the way

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Speaker 1: you interact with your budget is not causing you too

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Speaker 1: much stress. And speaking of stress, Matt, I want to

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Speaker 1: stress to people that you know, it's not something you

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Speaker 1: need to do every week or every month when you're

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Speaker 1: updating your budget spreadsheets. Right, if that's how you handle things,

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Speaker 1: the way you interact with your budget on a monthly

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Speaker 1: basis should be minimal, and it should it shouldn't take

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Speaker 1: too long, right, And I think you do it every

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Speaker 1: two weeks basically? Is that correct? Yeah? I try to

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Speaker 1: do like like every ten days basically. Okay, so that

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Speaker 1: just makes it much easier, right, How much time do

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Speaker 1: you spend every ten days? Now? I think it depends.

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Speaker 1: It depends on ten to fifteen minutes. Yeah, about like

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Speaker 1: fifteen minutes. So that's the thing, Like, this is not

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Speaker 1: some sort of task that we want to hold on

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Speaker 1: your plate in an ongoing way. We realize that revisiting

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Speaker 1: your budget is a bigger task, but once it's done

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Speaker 1: in the spring, it's like, yeah, you don't have to

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Speaker 1: think about it till next spring. Yeah.

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Speaker 2: Hopefully it's something that's a little more automated. And that's

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Speaker 2: what is so great about some of these different apps

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Speaker 2: or software that you can use is that it automatically

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Speaker 2: imports a lot of your information for you, which can

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Speaker 2: be helpful.

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Speaker 1: But if you like a little.

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Speaker 2: Bit of resistance, if like in my case, I do

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Speaker 2: actually like copy and pasting each individual purchase, and as

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Speaker 2: I manually categorize it, it helps me to kind of feel

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Speaker 2: what I'm spending, even though all of our expenses take place,

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Speaker 2: you know, on a credit card in order to gain

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Speaker 2: those rewards.

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Speaker 1: Yeah, and I think you know, once you have done

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Speaker 1: the hard work, which I don't know, switching over to

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Speaker 1: a new budgeting platform or rejiggering your budget to make

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Speaker 1: it look different could take a couple hours even right,

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Speaker 1: this could take a significant chunk of your time. But

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Speaker 1: the great thing is it's then you're just in maintenance

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Speaker 1: mode throughout the rest of the year, and it's going

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Speaker 1: to be just hyper simple, hopefully for the next twelve months.

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Speaker 1: Once you've put in that initial chunk of time. All right,

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Speaker 1: we've got a bunch more spring cleaning tasks that we

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Speaker 1: need to get to that are going to pay off

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Speaker 1: in a big way that are going to help you

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Speaker 1: interact with your personal finances so much better. We'll get

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Speaker 1: to all those tips right after this break. Oh right,

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Speaker 1: we're back from the break. We're talking about spring cleaning

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Speaker 1: your finances like an adult, Joel. And you know, for

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Speaker 1: the most part, we were just talking about kids. Our

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Speaker 1: kids have gotten man, you know, that's one of the

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Speaker 1: cool things about having kids.

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Speaker 2: As they get older, stuff they can do. You realize

435
00:18:16,560 --> 00:18:17,800
Speaker 2: how much they are capable of.

436
00:18:17,960 --> 00:18:20,080
Speaker 1: And can they dust the fan blades though they can't

437
00:18:20,119 --> 00:18:22,880
Speaker 1: reach that, but man, like they put them on a ladder,

438
00:18:22,920 --> 00:18:24,879
Speaker 1: they did break their cranium. They they know how to

439
00:18:24,920 --> 00:18:27,880
Speaker 1: clear a table though. Yeah, that has been sort.

440
00:18:27,640 --> 00:18:30,119
Speaker 2: Of something new on our plate that well, yeah, not

441
00:18:30,440 --> 00:18:33,720
Speaker 2: a pun quite literally, it's new. They're clearing the table

442
00:18:33,760 --> 00:18:35,960
Speaker 2: and getting it completely clean. Right before they get ready

443
00:18:36,000 --> 00:18:36,280
Speaker 2: for bed.

444
00:18:36,400 --> 00:18:36,919
Speaker 1: I love that.

445
00:18:37,240 --> 00:18:38,840
Speaker 2: So kids, they do know how to do some cleaning.

446
00:18:39,080 --> 00:18:41,440
Speaker 2: But we're talking about our money, and I kind of

447
00:18:41,480 --> 00:18:43,000
Speaker 2: want to shift gears a little bit now and talk

448
00:18:43,040 --> 00:18:46,200
Speaker 2: about different ways we can get a little more organized

449
00:18:46,200 --> 00:18:48,399
Speaker 2: with our finances. And you know, we were just talking

450
00:18:48,400 --> 00:18:51,719
Speaker 2: with the listener out in Omaha and up until really recently,

451
00:18:51,800 --> 00:18:54,399
Speaker 2: her main checking account, her main savings account as well.

452
00:18:54,400 --> 00:18:56,680
Speaker 2: They were both with one of the big banks that

453
00:18:57,400 --> 00:19:00,760
Speaker 2: pays virtually nothing in interest, and so listeners can probably

454
00:19:00,760 --> 00:19:02,400
Speaker 2: guess how that made us feel.

455
00:19:02,240 --> 00:19:02,800
Speaker 1: Really.

456
00:19:04,200 --> 00:19:06,520
Speaker 2: Well, what it made us kind of angry, you know,

457
00:19:06,560 --> 00:19:08,639
Speaker 2: like not at her, but just at the banks that

458
00:19:08,720 --> 00:19:12,200
Speaker 2: pay you point zero one percent in interest on your money.

459
00:19:12,600 --> 00:19:14,320
Speaker 2: If you are in that same position, then it makes

460
00:19:14,359 --> 00:19:17,399
Speaker 2: sense to finally set up a high interest savings account

461
00:19:17,400 --> 00:19:19,600
Speaker 2: from one of our favorite banks like Ally or Discover

462
00:19:19,880 --> 00:19:22,720
Speaker 2: or even Marcus. We've actually got a good article up

463
00:19:22,760 --> 00:19:25,240
Speaker 2: on the site that can walk you through setting up

464
00:19:25,240 --> 00:19:27,520
Speaker 2: a new bank account and closing your old one, and

465
00:19:27,600 --> 00:19:28,879
Speaker 2: so we'll make sure to link to that in the

466
00:19:28,880 --> 00:19:29,399
Speaker 2: show notes.

467
00:19:29,640 --> 00:19:32,120
Speaker 1: Yeah, no doubt. If you're still doing business with one

468
00:19:32,119 --> 00:19:33,639
Speaker 1: of the big banks, and let's say a lot of

469
00:19:33,640 --> 00:19:35,399
Speaker 1: those people. Not only is it that they're not getting

470
00:19:35,400 --> 00:19:37,720
Speaker 1: paid any money in interest on that account, but they

471
00:19:37,800 --> 00:19:39,600
Speaker 1: might be charged some sort of monthly.

472
00:19:39,520 --> 00:19:43,000
Speaker 2: They might be paying in order to have the privilege

473
00:19:43,040 --> 00:19:44,920
Speaker 2: of accessing that account.

474
00:19:44,680 --> 00:19:46,840
Speaker 1: Something like twelve to fifteen bucks a month, on top

475
00:19:46,880 --> 00:19:49,360
Speaker 1: of other potential fees they might be incurring. And so

476
00:19:49,440 --> 00:19:51,800
Speaker 1: it's like no, no, no, time to ditch it. That's just

477
00:19:51,960 --> 00:19:54,560
Speaker 1: one of those spring spring cleaning adulting moves that you

478
00:19:54,560 --> 00:19:55,160
Speaker 1: should be doing.

479
00:19:55,200 --> 00:19:57,399
Speaker 2: And I'll point out, and I will speak to this

480
00:19:57,440 --> 00:19:59,520
Speaker 2: from experience, I think one of the reasons that folks

481
00:19:59,520 --> 00:20:01,080
Speaker 2: don't do it is because they feel that they need

482
00:20:01,080 --> 00:20:04,000
Speaker 2: to have access to a way to deposit cash. You

483
00:20:04,040 --> 00:20:06,640
Speaker 2: don't need You don't need that, right, Like first of all,

484
00:20:06,960 --> 00:20:08,040
Speaker 2: like think about how much.

485
00:20:07,960 --> 00:20:09,360
Speaker 1: At the restaurant next time you go out, and get

486
00:20:09,359 --> 00:20:09,920
Speaker 1: it around.

487
00:20:09,720 --> 00:20:11,600
Speaker 2: Next time you go to the grocery store, or just

488
00:20:11,880 --> 00:20:13,840
Speaker 2: keep it in your sock drawer just so that you

489
00:20:13,840 --> 00:20:15,280
Speaker 2: have a little bit of cash on hand for the

490
00:20:15,320 --> 00:20:16,600
Speaker 2: you know, the next time you need to pay.

491
00:20:16,400 --> 00:20:17,720
Speaker 1: Somebody in your mattress.

492
00:20:18,840 --> 00:20:20,600
Speaker 2: I mean literally, it's not like we're not talking about

493
00:20:20,800 --> 00:20:23,159
Speaker 2: you shouldn't have like thousands of dollars in cash here

494
00:20:23,160 --> 00:20:25,560
Speaker 2: we're talking about a very small amount of money, but

495
00:20:25,680 --> 00:20:28,800
Speaker 2: don't let that keep you from closing one of those accounts.

496
00:20:28,880 --> 00:20:32,040
Speaker 1: Yeah, exactly, And okay, So speaking of multiple accounts, mat

497
00:20:32,080 --> 00:20:35,360
Speaker 1: another financial spring cleaning conundrum is is it people might

498
00:20:35,359 --> 00:20:38,439
Speaker 1: have multiple accounts scattered all over the web, right, and

499
00:20:38,480 --> 00:20:41,600
Speaker 1: so they might have a couple hundred in one save

500
00:20:41,720 --> 00:20:43,880
Speaker 1: us account and then maybe a thousand bucks over here

501
00:20:43,920 --> 00:20:46,240
Speaker 1: sitting in this other one, just because you're trying to

502
00:20:46,280 --> 00:20:47,439
Speaker 1: maintain that minimum balance.

503
00:20:47,840 --> 00:20:50,440
Speaker 2: And so yeah, that's that's that's where I was before

504
00:20:50,480 --> 00:20:53,000
Speaker 2: I closed that account with Wells. I had like fifteen

505
00:20:53,119 --> 00:20:55,800
Speaker 2: hundred bucks sitting there and I finally got I mean

506
00:20:56,280 --> 00:20:58,520
Speaker 2: when we talked enough trash about it on the first

507
00:20:58,640 --> 00:21:00,840
Speaker 2: several episodes of the show that I thought some conviction

508
00:21:01,000 --> 00:21:03,880
Speaker 2: early on in how to money poorn up for during

509
00:21:03,880 --> 00:21:06,000
Speaker 2: those days, but I thought, you know what, No, that's it.

510
00:21:06,040 --> 00:21:08,479
Speaker 1: I'm done with it, never again, never again. Well And

511
00:21:08,480 --> 00:21:10,440
Speaker 1: that's one of the things I think some people maybe

512
00:21:10,520 --> 00:21:12,640
Speaker 1: have a well thought out system. They need multiple accounts

513
00:21:12,640 --> 00:21:15,000
Speaker 1: because this is the way that they save the best.

514
00:21:15,119 --> 00:21:17,439
Speaker 1: It kind of like creates like a firewall that prevents

515
00:21:17,480 --> 00:21:20,040
Speaker 1: you from digging into your emergency fund too easily. And

516
00:21:20,080 --> 00:21:23,320
Speaker 1: so if you have multiple accounts on purpose, that's okay.

517
00:21:23,359 --> 00:21:26,840
Speaker 1: Like I bank with multiple online banks, and I don't

518
00:21:26,880 --> 00:21:29,919
Speaker 1: think of that as a big deal, but it is helpful,

519
00:21:29,960 --> 00:21:32,480
Speaker 1: I think, to simplify. And so yeah, if you're having

520
00:21:32,480 --> 00:21:35,719
Speaker 1: a tough time juggling, then yeah, moving everything into one

521
00:21:35,760 --> 00:21:38,240
Speaker 1: accounts can be helpful and it could just lead to

522
00:21:38,280 --> 00:21:41,040
Speaker 1: kind of more financial bliss in your life, more financial simplicity.

523
00:21:41,400 --> 00:21:43,919
Speaker 1: And if one of the things you're striving for is

524
00:21:44,040 --> 00:21:46,720
Speaker 1: kind of the ability to have different buckets where you

525
00:21:47,359 --> 00:21:50,520
Speaker 1: put your money, but you have them with different bank accounts.

526
00:21:50,800 --> 00:21:52,720
Speaker 1: You mentioned Ally, Matt, that's one of those banks that

527
00:21:52,800 --> 00:21:56,560
Speaker 1: makes it easy to have different savings buckets but still

528
00:21:56,640 --> 00:21:58,960
Speaker 1: under the umbrella of one account, so you just log

529
00:21:59,000 --> 00:22:01,280
Speaker 1: into one place. All your money's in one place, even

530
00:22:01,280 --> 00:22:03,959
Speaker 1: though it's kind of being broken up into different spending areas.

531
00:22:04,119 --> 00:22:06,359
Speaker 2: Yeah, totally, man, I've been with Ally for for years now,

532
00:22:06,440 --> 00:22:08,800
Speaker 2: and I've referred to them before as like the grand

533
00:22:08,840 --> 00:22:11,679
Speaker 2: central station, like of my money, because it really is

534
00:22:12,119 --> 00:22:14,880
Speaker 2: like the hub where funds go in, they go out,

535
00:22:15,000 --> 00:22:16,760
Speaker 2: you know, make deposits in there, all of the different

536
00:22:17,240 --> 00:22:19,879
Speaker 2: cash app than you know, everything is linked to that account, a.

537
00:22:19,880 --> 00:22:22,200
Speaker 1: Bank guard account, your fidelity account exactly.

538
00:22:22,240 --> 00:22:24,680
Speaker 2: And when you have so many, you know, different accounts

539
00:22:24,720 --> 00:22:25,840
Speaker 2: like that at play, you want to make sure that

540
00:22:25,840 --> 00:22:29,359
Speaker 2: you've got a solid online bank who's also paying a

541
00:22:29,359 --> 00:22:32,200
Speaker 2: good amount of interest. And you know, something else that's

542
00:22:32,240 --> 00:22:35,560
Speaker 2: worth considering too, is like combining retirement accounts, right, so

543
00:22:35,600 --> 00:22:38,400
Speaker 2: aside from making sure you're with a good high interest

544
00:22:38,440 --> 00:22:41,480
Speaker 2: to savings account, besides making sure that you're able to consolidate,

545
00:22:41,800 --> 00:22:43,119
Speaker 2: you know, and that you don't have your money just

546
00:22:43,119 --> 00:22:46,040
Speaker 2: scattered all over the place willy nilly. If you've got

547
00:22:46,160 --> 00:22:49,159
Speaker 2: a lingering four oh win k an old retirement account

548
00:22:49,200 --> 00:22:51,280
Speaker 2: from an old job, it might make sense to do

549
00:22:51,480 --> 00:22:53,879
Speaker 2: a rollover. And if you're with one of the low

550
00:22:53,960 --> 00:22:55,960
Speaker 2: cost providers, now that you've been listening to how the

551
00:22:56,040 --> 00:22:57,720
Speaker 2: money for a minute, it's time to make sure that

552
00:22:57,760 --> 00:23:01,600
Speaker 2: you aren't paying unnecessary fees on those old accounts either.

553
00:23:02,040 --> 00:23:05,480
Speaker 2: It's not terribly difficult to initiate that rollover yourself, but

554
00:23:05,680 --> 00:23:07,880
Speaker 2: if you want a little bit of handholding to guide you,

555
00:23:07,880 --> 00:23:10,840
Speaker 2: you can also use a service like Capitalize, which is

556
00:23:10,880 --> 00:23:12,760
Speaker 2: completely free to use, and we'll make sure to link

557
00:23:12,840 --> 00:23:14,320
Speaker 2: to that resource in our show notes.

558
00:23:14,359 --> 00:23:16,800
Speaker 1: As well. Yeah, it's again, simplicity is nice, having an

559
00:23:16,800 --> 00:23:18,600
Speaker 1: all in one place is nice. But Matt, some people

560
00:23:18,640 --> 00:23:21,320
Speaker 1: are paying potentially hundreds and hundreds of dollars in fees

561
00:23:21,400 --> 00:23:24,280
Speaker 1: every year to invest when if they literally just rolled

562
00:23:24,320 --> 00:23:26,960
Speaker 1: it over to a low cost provider, they'd be cutting

563
00:23:27,000 --> 00:23:29,159
Speaker 1: those fees, not in half, but they'd be going a

564
00:23:29,200 --> 00:23:31,280
Speaker 1: whole lot further than yeah, like slashing them by like

565
00:23:31,400 --> 00:23:34,200
Speaker 1: ninety five percent. Yeah, it really might be in some cases,

566
00:23:34,359 --> 00:23:37,120
Speaker 1: So it's definitely worth looking into that. And yeah, Capitalized

567
00:23:37,200 --> 00:23:39,440
Speaker 1: is cool because they'll basically help you do it for free.

568
00:23:39,720 --> 00:23:42,280
Speaker 1: We dig that service. All right, Let's keep talking about

569
00:23:42,280 --> 00:23:44,560
Speaker 1: spring cleaning, Matt, and let's talk about debt for a second,

570
00:23:44,600 --> 00:23:47,959
Speaker 1: because depending on what stage of life our listeners are

571
00:23:47,960 --> 00:23:49,679
Speaker 1: in and kind of where they're at in their personal

572
00:23:49,680 --> 00:23:52,520
Speaker 1: finance journey, spring is just a great time to get

573
00:23:52,560 --> 00:23:55,639
Speaker 1: refocused on getting rid of debt that you've been keeping

574
00:23:55,640 --> 00:23:58,879
Speaker 1: around that's been lingering, just annoying you to death or

575
00:23:58,920 --> 00:24:01,640
Speaker 1: gnawing at you. And yeah, whether it's a car loan,

576
00:24:01,680 --> 00:24:04,560
Speaker 1: whether it's some credit card debt, now is the perfect

577
00:24:04,560 --> 00:24:07,159
Speaker 1: time to form a plan of attack because yeah, you

578
00:24:07,240 --> 00:24:09,240
Speaker 1: might be making the minimum payments, but you haven't been

579
00:24:09,240 --> 00:24:11,640
Speaker 1: able to get past that point. Or maybe you're attempting

580
00:24:11,680 --> 00:24:13,320
Speaker 1: to pay as much as you can each month, but

581
00:24:13,359 --> 00:24:15,840
Speaker 1: you don't really have a well laid out plan, and

582
00:24:15,920 --> 00:24:18,359
Speaker 1: so you find that you're not making as much damage

583
00:24:18,920 --> 00:24:20,879
Speaker 1: when it comes to that debt as you'd like. So

584
00:24:21,200 --> 00:24:24,320
Speaker 1: it's important to start organizing your debts and create a

585
00:24:24,359 --> 00:24:27,000
Speaker 1: debt payoff plan. We talked about that in depth back

586
00:24:27,040 --> 00:24:29,240
Speaker 1: in episode one, p. Fifty nine. But really you want

587
00:24:29,280 --> 00:24:31,600
Speaker 1: to list all of your debts in one place, and

588
00:24:31,640 --> 00:24:33,120
Speaker 1: you can write this down on a sheet of paper.

589
00:24:33,160 --> 00:24:35,199
Speaker 1: You can do it manually the old school way, or

590
00:24:35,240 --> 00:24:37,960
Speaker 1: you can do it in a more digital format. But yeah,

591
00:24:38,000 --> 00:24:40,600
Speaker 1: looking at all of your individual debts, right the interest

592
00:24:40,680 --> 00:24:42,800
Speaker 1: rate for each one, it's important to write those out

593
00:24:43,080 --> 00:24:45,560
Speaker 1: beside the debt and the amount that you owe. It

594
00:24:45,600 --> 00:24:47,840
Speaker 1: can be kind of sobering. It can kind of help

595
00:24:47,880 --> 00:24:49,399
Speaker 1: you come to grips with how much you actually owe,

596
00:24:49,440 --> 00:24:52,399
Speaker 1: because right now you might be naively thinking that you

597
00:24:52,440 --> 00:24:54,960
Speaker 1: don't know as much as you actually do, and so

598
00:24:55,160 --> 00:24:56,639
Speaker 1: it can just be the kick in the pants you

599
00:24:56,720 --> 00:24:59,040
Speaker 1: need to get a plan of action together. So we

600
00:24:59,040 --> 00:25:01,000
Speaker 1: would say, yeah, look your dead that's straight in the face.

601
00:25:01,240 --> 00:25:03,840
Speaker 1: Make sure you account for them all in one place

602
00:25:04,040 --> 00:25:06,800
Speaker 1: so that you can start to form a plan to

603
00:25:06,800 --> 00:25:09,000
Speaker 1: help you get out of debt as quickly as possible. Yeah.

604
00:25:09,000 --> 00:25:11,600
Speaker 2: Absolutely, I hate I mean, I know that some folks

605
00:25:11,640 --> 00:25:13,960
Speaker 2: are in a position where they are only able to

606
00:25:13,960 --> 00:25:16,399
Speaker 2: make their minimum payments. But like the picture I have

607
00:25:16,440 --> 00:25:18,520
Speaker 2: in my mind of someone making minimum payments is that

608
00:25:18,520 --> 00:25:21,560
Speaker 2: they're just barely treading water. Like I picture someone out

609
00:25:21,560 --> 00:25:24,240
Speaker 2: in the ocean and there's big waves coming and like

610
00:25:24,280 --> 00:25:26,800
Speaker 2: they're only swimming just enough to keep their mouth, like

611
00:25:26,800 --> 00:25:28,919
Speaker 2: their nose and mouth above water, right, and then the

612
00:25:28,960 --> 00:25:31,760
Speaker 2: next time that next wave comes rolling in, like they

613
00:25:31,840 --> 00:25:33,560
Speaker 2: get a bunch of salt water, you know, up into

614
00:25:33,560 --> 00:25:35,040
Speaker 2: their sinuses and it burns and they.

615
00:25:34,960 --> 00:25:37,600
Speaker 1: Choke, and it's a struggle. I hate that.

616
00:25:38,240 --> 00:25:40,000
Speaker 2: And so what we want folks to do is to

617
00:25:40,040 --> 00:25:43,400
Speaker 2: have a plan. And that's you know, in this analogy,

618
00:25:43,440 --> 00:25:45,800
Speaker 2: that's like facing outward where you can see the waves coming,

619
00:25:46,160 --> 00:25:47,639
Speaker 2: and when you see a bigger wave to come in,

620
00:25:47,680 --> 00:25:50,200
Speaker 2: you're able to kick extra hard and you know, you're

621
00:25:50,240 --> 00:25:52,760
Speaker 2: able to maintain your head above water, and not only

622
00:25:52,760 --> 00:25:55,440
Speaker 2: are you able to swim, like you're not just surviving

623
00:25:55,480 --> 00:25:58,439
Speaker 2: you're not just like barely treading water. You're like playing

624
00:25:58,480 --> 00:26:01,240
Speaker 2: in the surf, you know, having fun in the ocean.

625
00:26:01,480 --> 00:26:03,479
Speaker 2: That's what it looks like to have a debt payoff

626
00:26:03,520 --> 00:26:06,240
Speaker 2: plan in another tool as well, you mentioned Joel, like

627
00:26:06,320 --> 00:26:08,800
Speaker 2: digital tools or a digital format that can help you

628
00:26:08,840 --> 00:26:12,800
Speaker 2: to tackle those debts. Undebt it. It's an undebt dot

629
00:26:12,960 --> 00:26:16,359
Speaker 2: it undebt it. It's one of our favorite free online tools,

630
00:26:16,560 --> 00:26:18,240
Speaker 2: and there you can decide whether you want to take

631
00:26:18,280 --> 00:26:21,160
Speaker 2: the debt snowball approach or maybe the debt avalanche approach.

632
00:26:21,400 --> 00:26:23,399
Speaker 2: We've talked about those on the show before. But quickly,

633
00:26:23,560 --> 00:26:26,119
Speaker 2: this debt snowball, that's when you pay off the smallest

634
00:26:26,160 --> 00:26:28,720
Speaker 2: balance and then you roll that payment into the next

635
00:26:28,840 --> 00:26:30,680
Speaker 2: largest balance and you build from there.

636
00:26:30,760 --> 00:26:33,920
Speaker 1: And that's really for psychological effects more than anything absolutely.

637
00:26:33,440 --> 00:26:35,760
Speaker 2: Which is really really important. We're not going to downplay

638
00:26:35,960 --> 00:26:38,280
Speaker 2: the importance of that. But then if you find yourself

639
00:26:38,359 --> 00:26:40,840
Speaker 2: drawn to the debt avalanche approach, if that's when you

640
00:26:40,880 --> 00:26:44,720
Speaker 2: are focusing on the largest interest rate and regardless of

641
00:26:44,760 --> 00:26:47,080
Speaker 2: the size of the loan, you are only really looking

642
00:26:47,080 --> 00:26:48,399
Speaker 2: out the numbers, you're maximizing.

643
00:26:48,440 --> 00:26:51,200
Speaker 1: You're a math nerd. That's what you want to exactly,

644
00:26:51,480 --> 00:26:53,960
Speaker 1: and you are part robot as well, because it takes

645
00:26:54,000 --> 00:26:56,439
Speaker 1: a lot of discipline and sticking to the numbers if

646
00:26:56,440 --> 00:26:59,359
Speaker 1: you want to go the avalanche route, but personally we

647
00:26:59,440 --> 00:27:04,440
Speaker 1: prefer the hybrid approach, which Undebit calls the debt hybrid naturally,

648
00:27:05,080 --> 00:27:07,280
Speaker 1: but until like this can help you to formulate that

649
00:27:07,359 --> 00:27:10,400
Speaker 1: plan that you've avoided up until this point, we want

650
00:27:10,480 --> 00:27:13,119
Speaker 1: you to. Yeah, we don't want you to be barely

651
00:27:13,160 --> 00:27:15,959
Speaker 1: treading water. We want you out there having fun in

652
00:27:16,000 --> 00:27:18,479
Speaker 1: the ocean, like so much so we like where you

653
00:27:18,520 --> 00:27:20,120
Speaker 1: are in charge of the situation that you might even

654
00:27:20,160 --> 00:27:23,080
Speaker 1: choose to dive into the water, Like in those might

655
00:27:23,119 --> 00:27:27,360
Speaker 1: be instances where competitmanity or something, or if it's a.

656
00:27:27,280 --> 00:27:29,040
Speaker 2: Big enough wave and you're like, you know what, I've

657
00:27:29,080 --> 00:27:30,960
Speaker 2: got to go through the way of this time. I

658
00:27:31,000 --> 00:27:33,800
Speaker 2: don't know if this metaphor extends, but like that might

659
00:27:33,840 --> 00:27:35,560
Speaker 2: be a situation where you choose to take on some

660
00:27:35,640 --> 00:27:38,520
Speaker 2: debt but you know and that you are capable of

661
00:27:38,600 --> 00:27:40,119
Speaker 2: handling that debt and you're going to use it in

662
00:27:40,200 --> 00:27:42,560
Speaker 2: a wise way. Sometimes that's what life entails.

663
00:27:42,640 --> 00:27:44,720
Speaker 1: Yeah, and I think you know, let's say you're already

664
00:27:44,800 --> 00:27:47,199
Speaker 1: on a debt payof journey, right, Like you have a

665
00:27:47,240 --> 00:27:49,919
Speaker 1: plan and you're on your way somewhere. Well, yeah, if

666
00:27:49,960 --> 00:27:51,560
Speaker 1: you're climbing your way out of debt, now is a

667
00:27:51,560 --> 00:27:54,240
Speaker 1: great time to ask yourself how much progress have I made.

668
00:27:54,520 --> 00:27:56,480
Speaker 1: It's a good time to check in and see, like

669
00:27:56,520 --> 00:27:58,520
Speaker 1: if you're crushing it or if you're doing it as

670
00:27:58,560 --> 00:28:01,800
Speaker 1: quickly as you'd hoped. And spring is a perfect time

671
00:28:01,880 --> 00:28:04,159
Speaker 1: to recommit to something and maybe even to come up

672
00:28:04,200 --> 00:28:06,399
Speaker 1: with a new plan to crush it. Maybe you got

673
00:28:06,440 --> 00:28:08,680
Speaker 1: a razor at work, or maybe you actually can't afford

674
00:28:08,760 --> 00:28:11,359
Speaker 1: to toss as many dollars at that debt as you

675
00:28:11,400 --> 00:28:14,080
Speaker 1: were able to on the last plan that you had

676
00:28:14,200 --> 00:28:16,560
Speaker 1: like basically committed to, and so you're bummed, and so

677
00:28:16,600 --> 00:28:18,320
Speaker 1: you've kind of let that plan lapse. Well, now is

678
00:28:18,359 --> 00:28:20,600
Speaker 1: the time to create a new one, right, And I

679
00:28:20,680 --> 00:28:24,120
Speaker 1: think of spring Matt as a time for fresh starts. Yeah,

680
00:28:24,200 --> 00:28:27,640
Speaker 1: and if people need actually a little bit extra of

681
00:28:27,920 --> 00:28:29,880
Speaker 1: pick me up when it comes to like their debt

682
00:28:29,880 --> 00:28:32,840
Speaker 1: payoff journey, I would say go back and listen to

683
00:28:33,280 --> 00:28:36,880
Speaker 1: Monday's episode. How motivational was it to hear n Asima

684
00:28:36,960 --> 00:28:40,160
Speaker 1: story Seema and Mackelroy. Yeah, and just her ability to

685
00:28:40,680 --> 00:28:43,520
Speaker 1: stick with it despite all those setbacks, and her ability

686
00:28:43,560 --> 00:28:45,959
Speaker 1: to pay off such a large amount of debt. Like,

687
00:28:46,320 --> 00:28:48,320
Speaker 1: if that doesn't motivate you, I don't know what will.

688
00:28:48,520 --> 00:28:50,560
Speaker 1: But yeah, if you're kind of feeling like I can't

689
00:28:50,600 --> 00:28:53,040
Speaker 1: do it hearing her story, I think, is that perfect,

690
00:28:53,120 --> 00:28:55,160
Speaker 1: like kicking the butt to keep going.

691
00:28:55,560 --> 00:28:57,640
Speaker 2: Yeah, And what's crazy too, is she didn't even like

692
00:28:57,680 --> 00:28:59,120
Speaker 2: share all the details from her story.

693
00:28:59,400 --> 00:29:02,120
Speaker 1: I mean there was more there. Yeah, she mentioned a divorce, but.

694
00:29:02,120 --> 00:29:05,640
Speaker 2: She had two divorces unfortunately where she was in difficult

695
00:29:05,680 --> 00:29:09,200
Speaker 2: financial positions. And even still she is prevailing. She is

696
00:29:09,200 --> 00:29:11,080
Speaker 2: crushing it when it comes to the different money goals

697
00:29:11,120 --> 00:29:14,840
Speaker 2: that she's getting after. So, yeah, those are some tips

698
00:29:14,840 --> 00:29:16,959
Speaker 2: when it comes to debt. But we wanted to mention too,

699
00:29:17,600 --> 00:29:19,280
Speaker 2: this is like a little bit more of a nerdy

700
00:29:19,320 --> 00:29:20,320
Speaker 2: spring cleaning task.

701
00:29:20,800 --> 00:29:21,600
Speaker 1: And this has to do.

702
00:29:21,600 --> 00:29:24,200
Speaker 2: With security, because I think one of the things that's

703
00:29:24,480 --> 00:29:27,520
Speaker 2: easy to overlook, you know, with our overly complicated and

704
00:29:27,800 --> 00:29:32,000
Speaker 2: virtual financial lives, is our passwords. And so whether that's

705
00:29:32,000 --> 00:29:34,560
Speaker 2: a weak password, maybe it's a password that we use

706
00:29:34,640 --> 00:29:37,160
Speaker 2: for all of our accounts, or maybe that we just

707
00:29:37,200 --> 00:29:40,840
Speaker 2: need to organize the password protected document that has all

708
00:29:40,840 --> 00:29:43,400
Speaker 2: of your passwords on it. All of these things are

709
00:29:43,640 --> 00:29:45,800
Speaker 2: important to consider, and these are all great things to do.

710
00:29:46,120 --> 00:29:48,800
Speaker 2: I'll say that we're not cybersecurity professionals here, but making

711
00:29:48,800 --> 00:29:51,680
Speaker 2: sure that you've got proper passwords is really important when

712
00:29:51,680 --> 00:29:54,880
Speaker 2: it comes to protecting those all important bank and investing

713
00:29:54,920 --> 00:29:57,800
Speaker 2: account loggins. You don't want to see your funds getting

714
00:29:57,800 --> 00:29:59,400
Speaker 2: siphoned off just because.

715
00:29:59,360 --> 00:30:02,360
Speaker 1: You had one, two, three for five. Don't be that personal

716
00:30:02,400 --> 00:30:04,520
Speaker 1: one as your password. I need to get better with

717
00:30:04,520 --> 00:30:06,680
Speaker 1: my passwords too, I'll readily admit it, but they're not

718
00:30:07,120 --> 00:30:08,560
Speaker 1: as bad as you described it. I at least have

719
00:30:08,640 --> 00:30:13,440
Speaker 1: like numbers and letters and uppercase and lowercase and okay,

720
00:30:13,480 --> 00:30:15,440
Speaker 1: so you gotta do it. It's not I'm not the worst,

721
00:30:15,560 --> 00:30:17,520
Speaker 1: but you can. You can pay. You can get more

722
00:30:17,560 --> 00:30:19,800
Speaker 1: bells and whistles with some sort of password manager. You

723
00:30:19,840 --> 00:30:22,760
Speaker 1: can offer something like last pass or one password. Those

724
00:30:22,760 --> 00:30:25,120
Speaker 1: are those are both well reviewed. They're worth looking into.

725
00:30:25,440 --> 00:30:28,240
Speaker 1: But they're also like free password managers that are also

726
00:30:28,360 --> 00:30:31,640
Speaker 1: worth looking into, like Google password Manager, I think is

727
00:30:31,920 --> 00:30:33,600
Speaker 1: a good tool for a lot of people. That's kind

728
00:30:33,640 --> 00:30:36,080
Speaker 1: of the one that that I opt for it's as

729
00:30:36,120 --> 00:30:38,640
Speaker 1: long as your Google password or your Gmail is complex.

730
00:30:38,720 --> 00:30:39,920
Speaker 1: It's like super super strong.

731
00:30:39,960 --> 00:30:42,040
Speaker 2: Yeah, it's okay, all of your other account they have

732
00:30:42,040 --> 00:30:43,239
Speaker 2: the one password to rule them all.

733
00:30:43,560 --> 00:30:45,920
Speaker 1: You don't want that. But if you're looking for one

734
00:30:45,960 --> 00:30:50,920
Speaker 1: of those more secure password managers, bit Warden is consistently

735
00:30:51,000 --> 00:30:53,080
Speaker 1: well reviewed and it's a free option. We'll link to

736
00:30:53,600 --> 00:30:55,720
Speaker 1: those in our show notes too. But yeah, this is

737
00:30:55,800 --> 00:30:59,000
Speaker 1: a spring cleaning task that's worth jumping on because, yeah,

738
00:30:59,400 --> 00:31:02,200
Speaker 1: protecting the assets that you've worked hard to squirrel away

739
00:31:02,360 --> 00:31:05,200
Speaker 1: is crucial, and it's one of those things that you

740
00:31:05,240 --> 00:31:06,960
Speaker 1: don't really ever think to do. But if you set

741
00:31:06,960 --> 00:31:10,040
Speaker 1: aside twenty or thirty minutes to implement a password manager,

742
00:31:10,120 --> 00:31:12,840
Speaker 1: it can make your life easier throughout the year on

743
00:31:12,880 --> 00:31:14,720
Speaker 1: the web. It can also just provide you that peace

744
00:31:14,760 --> 00:31:17,040
Speaker 1: of mind to know that my accounts are secure where

745
00:31:17,040 --> 00:31:19,680
Speaker 1: I've got lots of money stored away, you know, as

746
00:31:19,720 --> 00:31:22,080
Speaker 1: I'm pursuing financial independence and getting better with my money.

747
00:31:22,080 --> 00:31:22,440
Speaker 1: That's right.

748
00:31:22,520 --> 00:31:25,280
Speaker 2: Yeah, And so as we're talking about security, let's kind

749
00:31:25,280 --> 00:31:27,560
Speaker 2: of shift over to physical documents as well. We're not

750
00:31:27,560 --> 00:31:31,040
Speaker 2: talking about virtual only, we're talking about actual paper because

751
00:31:31,080 --> 00:31:33,000
Speaker 2: you might be holding on to a whole lot of

752
00:31:33,080 --> 00:31:35,480
Speaker 2: old statements or documents that you don't need that might

753
00:31:35,480 --> 00:31:38,360
Speaker 2: even have sensitive personal information on it. So we think

754
00:31:38,400 --> 00:31:39,920
Speaker 2: that right now is a great time to have a

755
00:31:39,960 --> 00:31:43,160
Speaker 2: shredding party because you know, you can just take those documents,

756
00:31:43,240 --> 00:31:45,240
Speaker 2: you can digitize some of that paperwork that you need,

757
00:31:45,880 --> 00:31:47,720
Speaker 2: or like, there's a lot of it too that you can.

758
00:31:47,600 --> 00:31:49,600
Speaker 1: Just get rid of altogether. Is that is that how

759
00:31:49,640 --> 00:31:52,000
Speaker 1: you celebrate your weekday birthdays? Matt is just shredding parties.

760
00:31:52,440 --> 00:31:55,200
Speaker 1: Like well, I can have friends over so shred old documents.

761
00:31:55,240 --> 00:31:59,280
Speaker 2: You would be how much I do enjoy and shredding

762
00:31:59,320 --> 00:32:00,600
Speaker 2: and getting rid of all documents.

763
00:32:00,640 --> 00:32:03,160
Speaker 1: I believe it. Although with a baby.

764
00:32:03,080 --> 00:32:04,600
Speaker 2: One of my favorite things to do as well is

765
00:32:04,640 --> 00:32:06,480
Speaker 2: just to crumple something up and throw it and tuck

766
00:32:06,480 --> 00:32:09,040
Speaker 2: it into a dirty diaper and steal it off because dude,

767
00:32:09,080 --> 00:32:11,480
Speaker 2: nobody is going to go in there. It's disgusting.

768
00:32:12,400 --> 00:32:14,840
Speaker 1: Yeah, I'll leave it at that. That's one way to

769
00:32:14,840 --> 00:32:17,200
Speaker 1: get rid of those documents that have a sensitive it permil.

770
00:32:17,320 --> 00:32:18,760
Speaker 1: It's true I do that with credit.

771
00:32:18,480 --> 00:32:20,200
Speaker 2: Cards too, But this will help you to have less

772
00:32:20,240 --> 00:32:22,160
Speaker 2: junk in your house. You know, that's taking up space

773
00:32:22,160 --> 00:32:24,040
Speaker 2: that you could use in a better way as well. So,

774
00:32:24,120 --> 00:32:27,080
Speaker 2: for instance, if you're keeping paper mortgage statements, stop it.

775
00:32:27,320 --> 00:32:29,280
Speaker 2: Just make sure that you're getting a digital copy instead.

776
00:32:29,600 --> 00:32:32,880
Speaker 2: Tax documents instead, you can just keep a password protected

777
00:32:32,920 --> 00:32:35,920
Speaker 2: digital copy of each return. Actually, also keep a folder

778
00:32:35,960 --> 00:32:39,200
Speaker 2: with important tax documents like W two's ten ninety nine's

779
00:32:39,520 --> 00:32:43,239
Speaker 2: different IRS forms like that. If you, let's say you

780
00:32:43,240 --> 00:32:45,720
Speaker 2: have a paper copy of a paid off loan, that's

781
00:32:45,720 --> 00:32:47,680
Speaker 2: something that you definitely want to make sure that you keep.

782
00:32:47,520 --> 00:32:48,040
Speaker 1: A record of.

783
00:32:48,240 --> 00:32:51,280
Speaker 2: But digital copies of tax returns of different statements and

784
00:32:51,480 --> 00:32:55,840
Speaker 2: receipts will suffice even during an ondit. That's according to

785
00:32:55,880 --> 00:32:58,320
Speaker 2: the IRS, and so keep that in mind. There are

786
00:32:58,320 --> 00:33:01,440
Speaker 2: different free apps out there that make this easier as well. Personally,

787
00:33:02,600 --> 00:33:05,440
Speaker 2: I have an old point and shoot camera that I

788
00:33:05,520 --> 00:33:08,280
Speaker 2: keep that I don't use anymore for personal reasons, but

789
00:33:08,320 --> 00:33:12,040
Speaker 2: I always keep in my documents drawer where I used

790
00:33:12,080 --> 00:33:14,760
Speaker 2: to keep documents, but instead I just keep documents for

791
00:33:14,840 --> 00:33:16,320
Speaker 2: a little bit, and then at the end of the month,

792
00:33:16,440 --> 00:33:19,840
Speaker 2: I snap pictures of everything because I'm able just too like,

793
00:33:19,880 --> 00:33:22,360
Speaker 2: burn through every single one of those, and then periodically

794
00:33:22,360 --> 00:33:24,560
Speaker 2: I upload those up onto the computer create a backup.

795
00:33:24,600 --> 00:33:26,840
Speaker 2: I've got digital copies of everything. That way, I don't

796
00:33:26,920 --> 00:33:30,400
Speaker 2: keep all of these unnecessary receipts and statements and documents around.

797
00:33:30,880 --> 00:33:32,360
Speaker 2: But let's say that you don't have a point in

798
00:33:32,360 --> 00:33:35,400
Speaker 2: shoot laying around what you've got. You got your smartphone.

799
00:33:35,520 --> 00:33:36,880
Speaker 2: It is so easy for you to use some of

800
00:33:36,920 --> 00:33:39,400
Speaker 2: the different free apps like Adobe Scan where you're able

801
00:33:39,440 --> 00:33:43,239
Speaker 2: to easily digitize these receipts, these statements. You can use

802
00:33:43,280 --> 00:33:45,120
Speaker 2: Google Drive where it has the feature for you to

803
00:33:45,160 --> 00:33:47,040
Speaker 2: be able to snap these shots and upload them to

804
00:33:47,280 --> 00:33:49,760
Speaker 2: specific folders. But we want you to get organized, We

805
00:33:49,800 --> 00:33:53,440
Speaker 2: want you to declutter and to make your personal finance

806
00:33:53,520 --> 00:33:54,440
Speaker 2: documents more secure.

807
00:33:54,480 --> 00:33:57,640
Speaker 1: That's right. Yeah, And you don't have to have just

808
00:33:57,680 --> 00:33:59,720
Speaker 1: like reams and reams of paper hanging around your house

809
00:34:00,120 --> 00:34:03,440
Speaker 1: with statements from old accounts that you don't even have anymore.

810
00:34:03,680 --> 00:34:07,120
Speaker 1: Or I think sometimes people people over they hoard these

811
00:34:07,160 --> 00:34:09,480
Speaker 1: financial documents, and there's a way to consolidate a lot

812
00:34:09,480 --> 00:34:11,200
Speaker 1: of those things can don't even have to be digitized.

813
00:34:11,200 --> 00:34:13,319
Speaker 1: They can literally just be shredded. Make sure you know

814
00:34:13,480 --> 00:34:16,359
Speaker 1: which ones you can and should keep and digitize those

815
00:34:16,520 --> 00:34:18,400
Speaker 1: like don't get rid of like your kids birth certificates

816
00:34:18,600 --> 00:34:20,759
Speaker 1: or your Social Security guard stuff. Like that. But yeah,

817
00:34:20,800 --> 00:34:24,040
Speaker 1: a lot of those documents can be become digital and

818
00:34:24,080 --> 00:34:26,719
Speaker 1: there's no need to hold on to the paperwork. And

819
00:34:26,760 --> 00:34:28,520
Speaker 1: while you're getting rid of some of that old paperwork,

820
00:34:28,520 --> 00:34:30,840
Speaker 1: I think you know, one more good financial spring cleaning

821
00:34:30,880 --> 00:34:33,920
Speaker 1: thing is to get rid of some of your unused

822
00:34:33,960 --> 00:34:36,400
Speaker 1: possessions too, And you know we've talked about that. Actually

823
00:34:36,440 --> 00:34:37,960
Speaker 1: at the beginning of the year a little bit. We're

824
00:34:38,000 --> 00:34:39,920
Speaker 1: doing a sell your Stuff challenge. Matt and I are

825
00:34:39,920 --> 00:34:43,160
Speaker 1: participating along with like hundreds of other listeners, but we

826
00:34:43,200 --> 00:34:45,759
Speaker 1: would encourage you to find things around your house that

827
00:34:45,840 --> 00:34:50,200
Speaker 1: you no longer need or use. This is literal spring cleaning.

828
00:34:50,400 --> 00:34:53,040
Speaker 1: They can actually bring some some money, some greenbacks back

829
00:34:53,040 --> 00:34:55,120
Speaker 1: into your life. And so there's just no better time

830
00:34:55,120 --> 00:34:58,520
Speaker 1: because you're already pulling things out from the attic or

831
00:34:58,560 --> 00:35:01,359
Speaker 1: from the basement right that you haven't scene in months

832
00:35:01,400 --> 00:35:03,520
Speaker 1: and months and months, and now is the perfect time

833
00:35:03,560 --> 00:35:05,960
Speaker 1: to start listing that stuff, getting rid of it before

834
00:35:06,000 --> 00:35:08,640
Speaker 1: it clutters your house even more. Absolutely, Yeah, I feel

835
00:35:08,680 --> 00:35:10,239
Speaker 1: like I've been on a roll over the past month.

836
00:35:10,280 --> 00:35:11,040
Speaker 1: I've sold Okay, so.

837
00:35:11,040 --> 00:35:13,719
Speaker 2: I haven't sold a ton of stuff where I've brought

838
00:35:13,760 --> 00:35:15,799
Speaker 2: in a lot of money. I mean, like, so so

839
00:35:15,840 --> 00:35:17,359
Speaker 2: far theres a month, I've made a little under four

840
00:35:17,400 --> 00:35:21,360
Speaker 2: hundred bucks, which is pretty good actually, But the biggest

841
00:35:21,360 --> 00:35:24,319
Speaker 2: difference that I've seen is the quantity, just like the

842
00:35:24,320 --> 00:35:26,640
Speaker 2: bulkiness of the crap that we've been able to get

843
00:35:26,680 --> 00:35:29,759
Speaker 2: out of our lives, specifically furniture, Like we've sold a

844
00:35:29,760 --> 00:35:31,800
Speaker 2: couple of chairs, a couple of desks, just some of

845
00:35:31,840 --> 00:35:35,879
Speaker 2: these bigger items. Dude, that feels so stinking good to

846
00:35:35,920 --> 00:35:37,920
Speaker 2: get rid of some of that stuff and just for

847
00:35:37,920 --> 00:35:39,239
Speaker 2: some of that stuff to go to somebody who's going

848
00:35:39,280 --> 00:35:41,160
Speaker 2: to put it to use instead of it just sitting

849
00:35:41,160 --> 00:35:44,000
Speaker 2: aroundling in your atity. Yes, yeah, absolutely, And so hopefully

850
00:35:44,040 --> 00:35:47,799
Speaker 2: that can be some inspiration and some encouragement for folks

851
00:35:47,880 --> 00:35:50,560
Speaker 2: out there. But we have a few other Spring cleaning

852
00:35:50,640 --> 00:35:53,120
Speaker 2: tasks to get to. But first we're gonna take a

853
00:35:53,160 --> 00:35:53,720
Speaker 2: quick break.

854
00:36:02,840 --> 00:36:05,520
Speaker 1: All right, let's keep going, Matt, Spring cleaning your finances

855
00:36:05,760 --> 00:36:09,240
Speaker 1: liking adults, and let's uh, you know, we've got maybe

856
00:36:09,400 --> 00:36:12,000
Speaker 1: just some more like mental financial projects that you need

857
00:36:12,040 --> 00:36:15,719
Speaker 1: to take on too, and the declutter your mind. Yeah,

858
00:36:15,760 --> 00:36:18,399
Speaker 1: we had like just a lot of physical strange just now.

859
00:36:18,440 --> 00:36:20,319
Speaker 1: But yeah, let's let's talk about some stuff that people

860
00:36:20,360 --> 00:36:22,759
Speaker 1: can do like up in the brain, that's going to

861
00:36:22,800 --> 00:36:25,480
Speaker 1: make some difference moving forward with their personal finances that

862
00:36:25,560 --> 00:36:30,359
Speaker 1: involve gummies. I don't think so that's good. But one

863
00:36:30,400 --> 00:36:33,839
Speaker 1: thing is to rethink your goals. And again, just kind

864
00:36:33,840 --> 00:36:36,560
Speaker 1: of like inflation has changed our budgets in a lot

865
00:36:36,560 --> 00:36:39,359
Speaker 1: of ways, COVID has kind of changed maybe what we

866
00:36:39,400 --> 00:36:40,960
Speaker 1: want out of life. Like a lot of people have

867
00:36:41,000 --> 00:36:44,480
Speaker 1: to pivoted in meaningful ways to a new career, to

868
00:36:45,239 --> 00:36:46,560
Speaker 1: a new place to live.

869
00:36:47,200 --> 00:36:48,799
Speaker 2: Just the amount of hours that they're willing to work

870
00:36:48,840 --> 00:36:51,160
Speaker 2: or they're willing to spend in the car, whether they're.

871
00:36:51,000 --> 00:36:53,160
Speaker 1: Willing to go back in the office or not. And

872
00:36:53,640 --> 00:36:56,400
Speaker 1: you know, a lot of us have different desires or

873
00:36:56,400 --> 00:36:59,160
Speaker 1: our desires have at least been clarified in a different

874
00:36:59,160 --> 00:37:01,920
Speaker 1: way than maybe like we felt two years ago or

875
00:37:01,920 --> 00:37:04,240
Speaker 1: two and a half years ago, whatever it was. And honestly,

876
00:37:04,320 --> 00:37:05,920
Speaker 1: you know, I would have told you that you were

877
00:37:05,920 --> 00:37:07,840
Speaker 1: crazy if you had told me some of the changes

878
00:37:07,880 --> 00:37:10,480
Speaker 1: that we've been making in our lives as a family,

879
00:37:10,480 --> 00:37:12,280
Speaker 1: that we would have been doing that. I think COVID

880
00:37:12,280 --> 00:37:14,239
Speaker 1: has been hard, but it's had some good changes for

881
00:37:14,320 --> 00:37:17,400
Speaker 1: our fam And so yeah, the spring cleaning task really

882
00:37:17,440 --> 00:37:20,000
Speaker 1: here is to do some deep thinking, whether by yourself

883
00:37:20,080 --> 00:37:23,120
Speaker 1: or with your partner, and that can lead to reimagining

884
00:37:23,200 --> 00:37:25,960
Speaker 1: of what you want to accomplish and where you want

885
00:37:26,000 --> 00:37:27,840
Speaker 1: to live or you know, what you want to be

886
00:37:27,880 --> 00:37:31,080
Speaker 1: doing over the next twelve months and beyond. This little

887
00:37:31,120 --> 00:37:33,759
Speaker 1: brainstorm session can just go like such a long way

888
00:37:33,800 --> 00:37:36,800
Speaker 1: towards giving you new things to strive for. And these changes,

889
00:37:36,840 --> 00:37:38,280
Speaker 1: they don't have to be huge. They can be small.

890
00:37:38,440 --> 00:37:40,759
Speaker 1: They don't have to be these massive upheavals to your life.

891
00:37:40,800 --> 00:37:42,759
Speaker 1: It's not like we're moving to the Bahamas or we're

892
00:37:42,800 --> 00:37:45,960
Speaker 1: buying a private island like. These can be tiny changes

893
00:37:46,000 --> 00:37:48,320
Speaker 1: that actually do end up having a significant impact. And

894
00:37:48,680 --> 00:37:51,720
Speaker 1: spring is the perfect time to start having those important

895
00:37:51,719 --> 00:37:55,439
Speaker 1: conversations around your future. You know, in your monthly money

896
00:37:55,520 --> 00:37:57,319
Speaker 1: chats with your partner, these are not the kind of

897
00:37:57,320 --> 00:37:59,360
Speaker 1: things that are going to come up every time, So

898
00:37:59,560 --> 00:38:02,640
Speaker 1: finding that intentional time to spend together if you, you know,

899
00:38:02,719 --> 00:38:05,040
Speaker 1: if you have a significant other, now is a great

900
00:38:05,080 --> 00:38:07,880
Speaker 1: time to do that, or if you if you're flying solo,

901
00:38:08,000 --> 00:38:10,960
Speaker 1: it's it's a great time to kind of rethink, like

902
00:38:11,040 --> 00:38:13,360
Speaker 1: where am I headache and why and is this what

903
00:38:13,440 --> 00:38:15,560
Speaker 1: I want? Or what shifts do I need to make

904
00:38:15,600 --> 00:38:17,080
Speaker 1: in the coming year in order to get to where

905
00:38:17,080 --> 00:38:17,799
Speaker 1: I actually want to be.

906
00:38:17,960 --> 00:38:20,560
Speaker 2: Yeah, I think in our culture, so little time is

907
00:38:20,600 --> 00:38:24,200
Speaker 2: given to hitting pause, stepping back from you know, the

908
00:38:24,200 --> 00:38:28,480
Speaker 2: game of life basically and thinking through what game do

909
00:38:28,520 --> 00:38:30,160
Speaker 2: I want to play? Like, like what goals am I

910
00:38:30,200 --> 00:38:32,160
Speaker 2: actually striving after? And I think that's something we all

911
00:38:32,200 --> 00:38:34,360
Speaker 2: need to do a little bit more. And you know,

912
00:38:34,480 --> 00:38:36,320
Speaker 2: as you do that, I think this can also include

913
00:38:36,440 --> 00:38:39,880
Speaker 2: reassessing just some of your spending habits. I saw that

914
00:38:39,920 --> 00:38:41,880
Speaker 2: one in three consumers they say that they're tempted to

915
00:38:41,920 --> 00:38:44,239
Speaker 2: spend more this time of year, just thinks to the

916
00:38:44,280 --> 00:38:46,480
Speaker 2: fact that the days are longer and there's more sunlights, right,

917
00:38:46,520 --> 00:38:48,200
Speaker 2: which is pretty crazy.

918
00:38:48,360 --> 00:38:50,040
Speaker 1: I get it. Like it's like, all right, I'm gonna

919
00:38:50,040 --> 00:38:51,520
Speaker 1: go get a beer with a friend because you know,

920
00:38:51,719 --> 00:38:54,080
Speaker 1: on the porch of my favorite bar has the sun still.

921
00:38:54,280 --> 00:38:55,359
Speaker 1: I guess that's very nice.

922
00:38:55,840 --> 00:38:57,319
Speaker 2: And honestly, you know, like like there's still a lot

923
00:38:57,320 --> 00:38:59,880
Speaker 2: of pent up consumer demand, so we're all likely going

924
00:38:59,920 --> 00:39:02,880
Speaker 2: to see more dollars flying around the spring anyway, or

925
00:39:03,160 --> 00:39:05,160
Speaker 2: you know, you might find yourself in a situation where

926
00:39:05,160 --> 00:39:08,080
Speaker 2: habits have crept up into your life in the past

927
00:39:08,160 --> 00:39:10,560
Speaker 2: year that you're just not fond of. You know, you're

928
00:39:10,560 --> 00:39:13,319
Speaker 2: not proud of these different expenses that are now a

929
00:39:13,360 --> 00:39:14,719
Speaker 2: part of your monthly budget.

930
00:39:14,920 --> 00:39:15,600
Speaker 1: You might be.

931
00:39:15,560 --> 00:39:18,600
Speaker 2: Spending your dollars too readily on stuff that just isn't

932
00:39:18,600 --> 00:39:20,920
Speaker 2: moving the needle for your happiness. And by the way,

933
00:39:20,920 --> 00:39:24,080
Speaker 2: we're we're not against buying stuff. We actually, back in

934
00:39:24,120 --> 00:39:28,080
Speaker 2: episode one sixty seven, we dedicated an entire episode that

935
00:39:28,200 --> 00:39:30,800
Speaker 2: was talking about the pros and cons of like stuff

936
00:39:30,840 --> 00:39:32,759
Speaker 2: over experiences or vice versa, and.

937
00:39:32,880 --> 00:39:36,160
Speaker 1: Everybody says experiences are way more valuable, and we actually

938
00:39:36,160 --> 00:39:37,960
Speaker 1: came down somewhere in the middle. Yeah.

939
00:39:38,000 --> 00:39:40,319
Speaker 2: Yeah, well, I feel like like we often do, like

940
00:39:40,320 --> 00:39:44,239
Speaker 2: we're not gonna, you know, swing to the extremes. We

941
00:39:44,280 --> 00:39:45,880
Speaker 2: want you to be nuanced, and we want you to

942
00:39:45,920 --> 00:39:48,600
Speaker 2: think through it, like what makes sense for you.

943
00:39:48,880 --> 00:39:51,760
Speaker 1: And it's the right possessions, I think, making a concerted

944
00:39:51,800 --> 00:39:54,360
Speaker 1: effort to buy the right things and not just accumulating

945
00:39:54,400 --> 00:39:55,720
Speaker 1: more and more of everything.

946
00:39:55,840 --> 00:39:58,080
Speaker 2: Yeah, And there isn't a right thing across the board, right,

947
00:39:58,080 --> 00:40:00,320
Speaker 2: it's the right thing for you, because for one person,

948
00:40:00,320 --> 00:40:04,280
Speaker 2: the right thing might be I don't know, like spending

949
00:40:04,280 --> 00:40:06,440
Speaker 2: a little bit more on their house. But then for

950
00:40:06,480 --> 00:40:08,279
Speaker 2: somebody else it might be like spending more on a

951
00:40:08,320 --> 00:40:11,800
Speaker 2: fancy watch, and the house guy is gonna be like, Okay,

952
00:40:11,800 --> 00:40:14,920
Speaker 2: watch dude over there, he's totally wasting a ton of money.

953
00:40:15,239 --> 00:40:17,600
Speaker 2: But watch dude might be like, oh my gosh, man, like,

954
00:40:17,680 --> 00:40:20,480
Speaker 2: think about all the additional expenses that go into you

955
00:40:20,600 --> 00:40:23,160
Speaker 2: having to keep up your house. That is foolish. It

956
00:40:23,200 --> 00:40:25,799
Speaker 2: depends on you and your situation. But again, this is

957
00:40:25,880 --> 00:40:27,120
Speaker 2: just such a great time to take a look at

958
00:40:27,160 --> 00:40:29,160
Speaker 2: where your dollars are going and just make sure it

959
00:40:29,200 --> 00:40:33,680
Speaker 2: reflects your personal larger goals. Another quick example, let's say

960
00:40:33,680 --> 00:40:35,839
Speaker 2: you really want to resume international travel in a big

961
00:40:35,880 --> 00:40:38,440
Speaker 2: way this year. If so, you might be closer to

962
00:40:38,480 --> 00:40:40,800
Speaker 2: that than you think with just a few well placed

963
00:40:40,800 --> 00:40:43,479
Speaker 2: cuts in your budget. But that's going to mean doing

964
00:40:43,480 --> 00:40:46,280
Speaker 2: some diagnosis, doing a little bit of personal finance surgery.

965
00:40:46,320 --> 00:40:48,400
Speaker 2: So give me that personal finance scalfel mat. It's going

966
00:40:48,480 --> 00:40:50,680
Speaker 2: to mean you just thinking about where your money is

967
00:40:50,719 --> 00:40:52,400
Speaker 2: going and not just automatically spending.

968
00:40:52,520 --> 00:40:55,280
Speaker 1: That's right, okay. So another another good thing to tackle

969
00:40:55,360 --> 00:40:56,960
Speaker 1: this time of your sprin cleaning, when we're talking about

970
00:40:57,000 --> 00:40:59,799
Speaker 1: planning ahead, is thinking ahead to some expenses that you

971
00:40:59,840 --> 00:41:02,000
Speaker 1: know are coming on the horizon, they might be a

972
00:41:02,080 --> 00:41:05,200
Speaker 1: ways off, and you kind of want to assume or

973
00:41:05,239 --> 00:41:07,080
Speaker 1: pretend that they're not gonna happen, that they're not gonna

974
00:41:07,080 --> 00:41:09,120
Speaker 1: happen in the near future, but get your head in

975
00:41:09,120 --> 00:41:11,080
Speaker 1: the sand a little bit exactly. But you want to

976
00:41:11,120 --> 00:41:13,919
Speaker 1: be prepared. And so yeah, we actually, Matt, we spoke

977
00:41:13,960 --> 00:41:16,880
Speaker 1: on a financial webinar recently for an advertising agency and

978
00:41:16,920 --> 00:41:19,160
Speaker 1: one of the questions from someone who worked there was

979
00:41:19,640 --> 00:41:21,640
Speaker 1: it was about saving for a move that was eighteen

980
00:41:21,680 --> 00:41:23,080
Speaker 1: plus months in the future. They were like, it might

981
00:41:23,120 --> 00:41:24,200
Speaker 1: be a year and a half, it might be two

982
00:41:24,280 --> 00:41:26,839
Speaker 1: years from now, but I know I'm gonna move. And

983
00:41:26,960 --> 00:41:28,680
Speaker 1: he was like, should I even bother saving for that

984
00:41:28,719 --> 00:41:30,880
Speaker 1: now or should I just like wait till later. And

985
00:41:30,920 --> 00:41:33,880
Speaker 1: we were like, yeah, yeah, you should totally be thinking

986
00:41:33,880 --> 00:41:36,480
Speaker 1: about that now and be saving money now, because the

987
00:41:36,560 --> 00:41:39,520
Speaker 1: earlier you start saving for a bigger expense, the easier

988
00:41:39,960 --> 00:41:42,520
Speaker 1: it is to afford it. Yeah, you start saving fifty

989
00:41:42,520 --> 00:41:46,080
Speaker 1: bucks a month for that move now, and you're you're

990
00:41:46,200 --> 00:41:47,520
Speaker 1: you're gonna be way ahead of the game. You put

991
00:41:47,520 --> 00:41:49,360
Speaker 1: out an me that much like they start you saving

992
00:41:49,400 --> 00:41:52,000
Speaker 1: twenty twenty five bucks a month right now, and yeah,

993
00:41:52,239 --> 00:41:54,320
Speaker 1: then it barely makes a intent in your monthly budget.

994
00:41:54,520 --> 00:41:57,239
Speaker 1: It barely even cramps your style. But not planning ahead

995
00:41:57,320 --> 00:41:59,719
Speaker 1: least to some serious stress, and it might even mean

996
00:42:00,080 --> 00:42:02,600
Speaker 1: going into debt to pay for something like a move.

997
00:42:02,960 --> 00:42:05,520
Speaker 1: So now is the perfect time to start planning ahead

998
00:42:05,600 --> 00:42:09,680
Speaker 1: and saving for upcoming expenses that maybe aren't happening next

999
00:42:09,680 --> 00:42:12,640
Speaker 1: month or three months from now, but maybe six months

1000
00:42:12,760 --> 00:42:15,160
Speaker 1: or a year from now. Start thinking ahead, create those

1001
00:42:15,200 --> 00:42:17,120
Speaker 1: sinking funds so that you can start funneling money in

1002
00:42:17,160 --> 00:42:20,480
Speaker 1: that direction even Christmas. You can start your Christmas sinking

1003
00:42:20,480 --> 00:42:23,399
Speaker 1: fund now if you haven't yet. It's the perfect way

1004
00:42:23,440 --> 00:42:25,759
Speaker 1: to make sure that you don't go into debt come

1005
00:42:25,880 --> 00:42:29,080
Speaker 1: November December when you're buying presents for everyone you love exactly.

1006
00:42:29,120 --> 00:42:31,800
Speaker 2: I think the best time to start those holiday gift

1007
00:42:31,920 --> 00:42:35,200
Speaker 2: funds is in January that you have the entire year.

1008
00:42:35,640 --> 00:42:37,160
Speaker 1: We want you to get on the front end of

1009
00:42:37,200 --> 00:42:38,080
Speaker 1: that spending and not.

1010
00:42:38,120 --> 00:42:40,680
Speaker 2: Basically be playing catch up the entire following year because

1011
00:42:40,680 --> 00:42:42,840
Speaker 2: you've gone into debt. And you know, to that specific

1012
00:42:42,920 --> 00:42:45,040
Speaker 2: question that we were asked, it's just funny because I

1013
00:42:45,040 --> 00:42:48,319
Speaker 2: think oftentimes we can be maybe even a little bit

1014
00:42:48,320 --> 00:42:51,480
Speaker 2: embarrassed by like the nerdery, you know, like it's like,

1015
00:42:51,480 --> 00:42:54,200
Speaker 2: oh my gosh, that's just over the top, right, Like

1016
00:42:54,239 --> 00:42:56,200
Speaker 2: it's just kind of ridiculous for me to start saving

1017
00:42:56,200 --> 00:42:59,279
Speaker 2: for something that's that far in advance, and no, like

1018
00:42:59,320 --> 00:43:01,920
Speaker 2: this is totally well, this is part of being an adult. Basically,

1019
00:43:02,280 --> 00:43:04,560
Speaker 2: that's something that we should wear as a badge of honor.

1020
00:43:04,960 --> 00:43:07,200
Speaker 2: We have a plan, you know, like like it's sort

1021
00:43:07,200 --> 00:43:09,680
Speaker 2: of like going back to the it's you know, swimming

1022
00:43:09,680 --> 00:43:12,840
Speaker 2: out in the ocean analogy. It's it's just looking out

1023
00:43:12,880 --> 00:43:14,600
Speaker 2: and having a plan and seeing what's coming at you

1024
00:43:14,640 --> 00:43:16,480
Speaker 2: a little bit and preparing in advance a little bit.

1025
00:43:16,520 --> 00:43:18,799
Speaker 2: That way you're not scrambling at the last minute. Those

1026
00:43:18,800 --> 00:43:20,560
Speaker 2: are the kind of steps and decisions that it takes

1027
00:43:20,600 --> 00:43:23,799
Speaker 2: to be I think are responsible adults when it comes

1028
00:43:23,800 --> 00:43:26,720
Speaker 2: to your finances, and you know, while we're talking about

1029
00:43:27,000 --> 00:43:29,280
Speaker 2: what we're spending our money on, it's important to consider

1030
00:43:29,760 --> 00:43:32,640
Speaker 2: how it is that you're spending that money as well,

1031
00:43:32,880 --> 00:43:35,279
Speaker 2: because the credit cards that you use can have a

1032
00:43:35,320 --> 00:43:39,120
Speaker 2: pretty significant impact on your personal finances. So part of

1033
00:43:39,239 --> 00:43:42,680
Speaker 2: spring cleaning your finances should probably include optimizing for the

1034
00:43:42,719 --> 00:43:44,880
Speaker 2: cash back and for the rewards that you're eligible for.

1035
00:43:45,560 --> 00:43:48,560
Speaker 2: Of course, if you've had issues with overspending, then this

1036
00:43:48,680 --> 00:43:51,359
Speaker 2: is probably one of those spring cleaning tasks that we're

1037
00:43:51,360 --> 00:43:53,640
Speaker 2: gonna recommend you skip at least for now.

1038
00:43:53,680 --> 00:43:56,120
Speaker 1: If credit cards are not good in your life, then

1039
00:43:56,400 --> 00:43:57,160
Speaker 1: don't get more.

1040
00:43:57,280 --> 00:43:59,640
Speaker 2: Yeah, that shouldn't be something you consider. But we always

1041
00:43:59,680 --> 00:44:02,399
Speaker 2: want to sure that you're paying your balance on time

1042
00:44:02,600 --> 00:44:05,040
Speaker 2: in full each month. But if that's not a struggle

1043
00:44:05,040 --> 00:44:07,360
Speaker 2: of yours, we want you to consider the different credit

1044
00:44:07,400 --> 00:44:10,759
Speaker 2: cards that you could put to use and just very

1045
00:44:10,760 --> 00:44:14,319
Speaker 2: practically speaking, like maybe that means just you labeling some

1046
00:44:14,360 --> 00:44:15,960
Speaker 2: of those different credit cards to make sure that you're

1047
00:44:16,040 --> 00:44:17,960
Speaker 2: using the right ones on the right spot right because

1048
00:44:17,960 --> 00:44:20,959
Speaker 2: some of the different cards they've got different categories where

1049
00:44:20,960 --> 00:44:23,160
Speaker 2: they pay more. Guess what, anytime I go to the

1050
00:44:23,200 --> 00:44:26,400
Speaker 2: grocery store, I always use the Amex Blue Cash Preferred

1051
00:44:26,440 --> 00:44:28,200
Speaker 2: because that's the card that I get six percent on.

1052
00:44:28,239 --> 00:44:31,120
Speaker 2: You're not going to catch Kate or I using any

1053
00:44:31,160 --> 00:44:35,040
Speaker 2: other card at al D specifically, so keep that in mind.

1054
00:44:35,080 --> 00:44:37,360
Speaker 2: Maybe that's just simply using a SHARPI and writing on

1055
00:44:37,400 --> 00:44:39,319
Speaker 2: the card where you want to use it, or another

1056
00:44:39,360 --> 00:44:41,239
Speaker 2: thought like, think, are you about to drop a big

1057
00:44:41,280 --> 00:44:44,400
Speaker 2: deposit on a summer airbnb. Well, if so, you might

1058
00:44:44,440 --> 00:44:46,120
Speaker 2: be able to snag a credit card bonus, you know,

1059
00:44:46,320 --> 00:44:50,440
Speaker 2: that welcome reward gift whatever they call it. In One

1060
00:44:50,480 --> 00:44:53,120
Speaker 2: Fell Swoop. We want you to not let some of

1061
00:44:53,160 --> 00:44:55,040
Speaker 2: these opportunities slip through the cracks.

1062
00:44:55,080 --> 00:44:58,560
Speaker 1: Yeah, Spring, cleaning your finances means some optimization. That's kind

1063
00:44:58,560 --> 00:45:00,840
Speaker 1: of what we're talking about in so many ways, simplicity

1064
00:45:00,840 --> 00:45:03,600
Speaker 1: and optimization. And let's say, yeah, with your credit card,

1065
00:45:03,640 --> 00:45:06,960
Speaker 1: if you're like been using one that doesn't pay good

1066
00:45:06,960 --> 00:45:10,040
Speaker 1: rewards most of the places you shop, like just getting

1067
00:45:10,080 --> 00:45:12,360
Speaker 1: a general two percent cash back card, the Fidelity or

1068
00:45:12,360 --> 00:45:15,120
Speaker 1: the City Double Cash, like, those are great cards just

1069
00:45:15,120 --> 00:45:16,920
Speaker 1: for everyday spenders. If you don't want to think about.

1070
00:45:16,719 --> 00:45:18,520
Speaker 2: It, or if you don't have the multiple categories and

1071
00:45:18,520 --> 00:45:20,120
Speaker 2: you just want to get super simple with it, at

1072
00:45:20,160 --> 00:45:21,480
Speaker 2: least you should at least be uning.

1073
00:45:21,360 --> 00:45:23,120
Speaker 1: Two percent back. But if you want to optimize even more,

1074
00:45:23,160 --> 00:45:25,160
Speaker 1: we've got an article on the site that will kind

1075
00:45:25,200 --> 00:45:27,879
Speaker 1: of help you figure out which credit cards are best

1076
00:45:27,880 --> 00:45:30,000
Speaker 1: for how you spend, and we'll link to that in

1077
00:45:30,000 --> 00:45:32,680
Speaker 1: the show notes, but it's helpful. Yeah, if a few

1078
00:45:32,719 --> 00:45:35,680
Speaker 1: percent in each of these categories can mean hundreds of

1079
00:45:35,680 --> 00:45:38,839
Speaker 1: dollars in free money basically at the end of the year,

1080
00:45:39,239 --> 00:45:42,000
Speaker 1: just for spending on a credit card instead of on

1081
00:45:42,040 --> 00:45:45,000
Speaker 1: your debit card. Yeah, it makes it more fun too, right,

1082
00:45:45,040 --> 00:45:47,520
Speaker 1: like a game. Yeah, it's kind of like a game. Honestly.

1083
00:45:47,560 --> 00:45:49,560
Speaker 2: It makes me think a lot about like fantasy, like

1084
00:45:49,840 --> 00:45:52,239
Speaker 2: fantasy sports, because it's just a way that you can

1085
00:45:52,280 --> 00:45:54,400
Speaker 2: sort of hack the system, right, and you've got players

1086
00:45:54,440 --> 00:45:56,520
Speaker 2: from all over, you know, all over the league on

1087
00:45:56,560 --> 00:45:59,359
Speaker 2: your team, and it makes you more cognizant of those

1088
00:45:59,760 --> 00:46:01,680
Speaker 2: games or those matches that are going on because you

1089
00:46:01,680 --> 00:46:02,520
Speaker 2: want to see them do well.

1090
00:46:02,560 --> 00:46:05,000
Speaker 1: I'll be honest, Fantasy baseball made baseball way more interesting

1091
00:46:05,920 --> 00:46:07,879
Speaker 1: and it actually made it worthwhile to maybe even watch

1092
00:46:07,920 --> 00:46:11,000
Speaker 1: a game that your home team. Yeah, exactly.

1093
00:46:11,040 --> 00:46:12,279
Speaker 2: I think the same thing can be true when it

1094
00:46:12,280 --> 00:46:15,000
Speaker 2: comes to your spending with credit cards because you think, well,

1095
00:46:15,000 --> 00:46:17,000
Speaker 2: before you wouldn't even give it any sort of thought,

1096
00:46:17,000 --> 00:46:18,840
Speaker 2: but now you're kind of thinking through the strategy and

1097
00:46:18,880 --> 00:46:19,399
Speaker 2: different way.

1098
00:46:19,440 --> 00:46:21,319
Speaker 1: Six percent over here, four percent over here, and two

1099
00:46:21,360 --> 00:46:23,719
Speaker 1: percent everywhere else, and it just puts you. Yeah, it

1100
00:46:23,760 --> 00:46:25,920
Speaker 1: makes you kind of a little more excited about or

1101
00:46:25,920 --> 00:46:29,160
Speaker 1: more aware the methodology. All Right, another sprink cleaning task.

1102
00:46:29,280 --> 00:46:30,799
Speaker 1: We got just a couple more left for you. Checking

1103
00:46:30,960 --> 00:46:34,160
Speaker 1: your insurance coverage and yeah, do you have enough of it?

1104
00:46:34,600 --> 00:46:37,600
Speaker 1: I'm talking health insurance, life insurance, car, home, renters, all

1105
00:46:37,640 --> 00:46:39,880
Speaker 1: the above. The good thing is that, you know, our

1106
00:46:39,880 --> 00:46:42,640
Speaker 1: favorite types of insurance are generally pretty inexpensive. I mean,

1107
00:46:42,680 --> 00:46:45,880
Speaker 1: health insurance is expensive for basically everyone, but most of

1108
00:46:45,880 --> 00:46:48,240
Speaker 1: those other ones are cheap. So yeah, if you're renting

1109
00:46:48,400 --> 00:46:51,000
Speaker 1: and you don't have renters insurance, that's a terrible move.

1110
00:46:51,080 --> 00:46:53,680
Speaker 1: That's like one of the most affordable insurances that you

1111
00:46:53,680 --> 00:46:55,680
Speaker 1: can get, and it's so incredibly risky. It puts all

1112
00:46:55,760 --> 00:46:58,120
Speaker 1: your possessions at risk if you don't have it. And

1113
00:46:58,200 --> 00:47:00,239
Speaker 1: you can get Renters insurance in like the fIF teen

1114
00:47:00,239 --> 00:47:02,440
Speaker 1: dollars among brains, right, So it's not it's not going

1115
00:47:02,520 --> 00:47:04,640
Speaker 1: to set you back in a big way. Same thing

1116
00:47:04,680 --> 00:47:07,719
Speaker 1: if you have anyone that depends on your income, if

1117
00:47:07,719 --> 00:47:10,400
Speaker 1: you have a long term partner, a spouse, some kiddos,

1118
00:47:10,600 --> 00:47:12,919
Speaker 1: you know, what would they do in the event of

1119
00:47:13,120 --> 00:47:15,439
Speaker 1: your death. I know it's a fun topic to talk about,

1120
00:47:15,480 --> 00:47:18,600
Speaker 1: right your your eventual death, but you need life insurance

1121
00:47:19,040 --> 00:47:21,360
Speaker 1: for your loved ones. And the great thing is that

1122
00:47:21,480 --> 00:47:24,240
Speaker 1: term life insurance is the best option for almost everyone

1123
00:47:24,239 --> 00:47:26,600
Speaker 1: and it's super cheap, and we've got an article about

1124
00:47:26,600 --> 00:47:28,000
Speaker 1: that too, we'll put in the show notes. We talked

1125
00:47:28,000 --> 00:47:31,240
Speaker 1: about being under insured back in episode two thirty three,

1126
00:47:31,520 --> 00:47:34,160
Speaker 1: so yeah, check that out if you need more insurance guidance.

1127
00:47:34,160 --> 00:47:37,040
Speaker 1: But the spring, the you know, the spring cleaning adulting

1128
00:47:37,120 --> 00:47:39,720
Speaker 1: move is to rethink your insurance. Do I have enough coverage?

1129
00:47:39,840 --> 00:47:42,839
Speaker 1: Do I even have the life insurance product that actually need?

1130
00:47:43,239 --> 00:47:45,480
Speaker 1: And it's one of those things that most people throughout

1131
00:47:45,480 --> 00:47:47,040
Speaker 1: the year they don't want to do, but in the

1132
00:47:47,080 --> 00:47:48,759
Speaker 1: spring cleaning mode, you'll get it done.

1133
00:47:49,000 --> 00:47:50,680
Speaker 2: Just pointing out that you said adulting, I thought we

1134
00:47:50,760 --> 00:47:52,960
Speaker 2: might be able to get through the entire episode without.

1135
00:47:52,800 --> 00:47:56,919
Speaker 1: Saying without using it as a verb, Joel fail. Yeah,

1136
00:47:56,960 --> 00:47:57,400
Speaker 1: it's okay.

1137
00:47:57,960 --> 00:48:03,399
Speaker 2: Hashtag Joel fail, which I'm using the hashtag ironically. Don't

1138
00:48:03,400 --> 00:48:06,240
Speaker 2: worry everybody, you know, like generally speaking here, we're making

1139
00:48:06,400 --> 00:48:09,319
Speaker 2: like some broad recommendations here, but the fact is that

1140
00:48:09,440 --> 00:48:11,480
Speaker 2: it's going to come down to the specific in the

1141
00:48:11,480 --> 00:48:15,640
Speaker 2: personal areas where you need to dust out the cobwebs

1142
00:48:15,680 --> 00:48:17,640
Speaker 2: and to wipe down the dirt, you know, of your

1143
00:48:17,719 --> 00:48:21,080
Speaker 2: personal finances. Like we should all be able to pinpoint,

1144
00:48:21,239 --> 00:48:23,520
Speaker 2: you know, like that one area that we just dislike

1145
00:48:23,640 --> 00:48:26,160
Speaker 2: more than others, and so we continue to we hit

1146
00:48:26,200 --> 00:48:28,640
Speaker 2: the snooze button on it, we hit the remind me later.

1147
00:48:29,960 --> 00:48:32,200
Speaker 2: But it's like my software updates on the computer where

1148
00:48:32,200 --> 00:48:35,640
Speaker 2: I'm constantly like, remind me tomorrow. But you know, like

1149
00:48:35,680 --> 00:48:39,520
Speaker 2: we've built up this habit of misbehavior essentially, and like

1150
00:48:39,680 --> 00:48:42,160
Speaker 2: essentially this is inertia bias, and it keeps us from

1151
00:48:42,239 --> 00:48:45,560
Speaker 2: doing these sorts of boring tasks that we know we

1152
00:48:45,600 --> 00:48:47,719
Speaker 2: need to do but we just haven't yet. We're kind

1153
00:48:47,719 --> 00:48:49,680
Speaker 2: of like stuck in a rut, and we want to

1154
00:48:49,840 --> 00:48:51,040
Speaker 2: shake you out of that rut.

1155
00:48:51,120 --> 00:48:52,919
Speaker 1: Yeah. So, for instance, Matt, just one of these sprin

1156
00:48:53,000 --> 00:48:55,360
Speaker 1: cleaning things that I'm doing for my own personal finances,

1157
00:48:55,400 --> 00:48:58,239
Speaker 1: tell me about specifically for my rental property portfolio, is

1158
00:48:58,640 --> 00:49:02,440
Speaker 1: switching over to an actual software that helps me manage

1159
00:49:02,480 --> 00:49:05,120
Speaker 1: those rental properties. And so I'm kind of like flying

1160
00:49:05,200 --> 00:49:07,040
Speaker 1: by the seat of my pants and I use Zilo

1161
00:49:07,160 --> 00:49:09,279
Speaker 1: to like list those properties. But I'm like, you know what,

1162
00:49:09,320 --> 00:49:11,399
Speaker 1: this is the year I get organized. And so there's

1163
00:49:11,920 --> 00:49:15,360
Speaker 1: a free software called a Veil, and I'll link to

1164
00:49:15,400 --> 00:49:17,080
Speaker 1: that in the show notes too, But I really like

1165
00:49:17,160 --> 00:49:20,319
Speaker 1: what they're doing makes it easy for small time mom

1166
00:49:20,320 --> 00:49:23,560
Speaker 1: and pop landlords like you and me and to list

1167
00:49:23,600 --> 00:49:26,239
Speaker 1: their property and then to find tenants and then to

1168
00:49:26,360 --> 00:49:29,000
Speaker 1: manage it. Really, more than anything, it's you know, submitting

1169
00:49:29,000 --> 00:49:31,360
Speaker 1: tickets for things that are going wrong with the property,

1170
00:49:31,440 --> 00:49:33,800
Speaker 1: something that needs to be done. And to me, it's like,

1171
00:49:33,840 --> 00:49:35,759
Speaker 1: all right, if I get everything in one place, how

1172
00:49:35,840 --> 00:49:37,440
Speaker 1: much easier is my life going to be throughout the

1173
00:49:37,520 --> 00:49:40,400
Speaker 1: year as a landlord. So it's one of those things,

1174
00:49:40,440 --> 00:49:43,440
Speaker 1: just like all these other things. It's like, these tasks

1175
00:49:43,440 --> 00:49:45,000
Speaker 1: that might take a little bit of time now are

1176
00:49:45,000 --> 00:49:48,040
Speaker 1: going to pay dividends time dividends and money dividends throughout

1177
00:49:48,040 --> 00:49:50,480
Speaker 1: the year. So don't leave them on the table. Get

1178
00:49:50,520 --> 00:49:52,799
Speaker 1: them done. You know, not everyone has to do every

1179
00:49:52,800 --> 00:49:54,880
Speaker 1: single one of these spring cleaning tasks, but you know,

1180
00:49:54,920 --> 00:49:57,759
Speaker 1: picking out a few at least this spring, maybe a

1181
00:49:57,760 --> 00:50:00,600
Speaker 1: few next spring, and getting started it's like, really, they're

1182
00:50:00,600 --> 00:50:03,440
Speaker 1: gonna have a big impact on your ability to make progress.

1183
00:50:03,480 --> 00:50:05,040
Speaker 1: All right, you said you're gonna do it. I'm gonna

1184
00:50:05,040 --> 00:50:07,040
Speaker 1: hold you accountable, Avail. It's happening, man, right now, I've

1185
00:50:07,080 --> 00:50:09,839
Speaker 1: already signed Remember you mentioned COTI I'm starting like last year,

1186
00:50:09,840 --> 00:50:11,960
Speaker 1: a couple of years ago, Cozy sold to apartments dot

1187
00:50:12,040 --> 00:50:13,839
Speaker 1: Com and now is kind of it kind of went

1188
00:50:13,840 --> 00:50:15,359
Speaker 1: off the route, not nearly as good as it used

1189
00:50:15,360 --> 00:50:17,480
Speaker 1: to be. And so you're right, but I have already

1190
00:50:17,480 --> 00:50:19,040
Speaker 1: signed up for the avail account and I are already on my

1191
00:50:19,080 --> 00:50:19,879
Speaker 1: way towards that micro.

1192
00:50:20,000 --> 00:50:22,759
Speaker 2: You know, the best way to check items off your

1193
00:50:22,840 --> 00:50:25,799
Speaker 2: to do list is to add items that you've already done.

1194
00:50:25,360 --> 00:50:29,040
Speaker 2: So I salute you, sir, but let's go ahead and

1195
00:50:29,120 --> 00:50:30,960
Speaker 2: get back to the beer, Joel that you and I

1196
00:50:31,040 --> 00:50:32,120
Speaker 2: enjoyed this episode.

1197
00:50:32,360 --> 00:50:35,680
Speaker 1: We each had a season DuPont and this is an

1198
00:50:35,800 --> 00:50:39,839
Speaker 1: unfiltered Belgian farmhouse ale. I gotta say they've got one

1199
00:50:39,840 --> 00:50:43,160
Speaker 1: of the most like awesome labels, like the can art

1200
00:50:43,160 --> 00:50:44,440
Speaker 1: for this thing. I don't know, I don't know if

1201
00:50:44,440 --> 00:50:45,120
Speaker 1: it's always been like this.

1202
00:50:45,200 --> 00:50:47,520
Speaker 2: It's like a soccer jersey, yes, yeah, but like a

1203
00:50:47,560 --> 00:50:50,360
Speaker 2: European soccer exactly, because it's like it's kind of written

1204
00:50:50,400 --> 00:50:52,120
Speaker 2: on a diagonal a little bit. It's kind of got

1205
00:50:52,160 --> 00:50:54,920
Speaker 2: like this golden white checkered action going on against this

1206
00:50:55,000 --> 00:50:58,520
Speaker 2: hunter green. It's so cool looking. It totally does like

1207
00:50:58,560 --> 00:51:01,200
Speaker 2: the DuPont. It's like as Little Crest. It really does

1208
00:51:01,200 --> 00:51:05,120
Speaker 2: look like a like a soccer or football jersey. Also,

1209
00:51:05,200 --> 00:51:06,799
Speaker 2: it kind of reminds me. Have you ever played the

1210
00:51:06,840 --> 00:51:08,440
Speaker 2: game meal Born before?

1211
00:51:08,640 --> 00:51:09,319
Speaker 1: No, it's like this.

1212
00:51:10,000 --> 00:51:13,040
Speaker 2: It's a European dry I think it's like a it's

1213
00:51:13,080 --> 00:51:15,560
Speaker 2: either German or a Belgian card game, but it's like

1214
00:51:15,600 --> 00:51:17,480
Speaker 2: a driving game. So meal Born it's like, I think

1215
00:51:17,480 --> 00:51:19,719
Speaker 2: it stands for a thousand miles and the point is

1216
00:51:19,719 --> 00:51:23,440
Speaker 2: is to get a thousand miles. But anyway, interesting the old.

1217
00:51:23,239 --> 00:51:24,480
Speaker 1: School artwork for it.

1218
00:51:24,520 --> 00:51:26,680
Speaker 2: Like there's newer versions of it that don't look nearly

1219
00:51:26,719 --> 00:51:28,359
Speaker 2: as cool, but if you get the version that was

1220
00:51:28,800 --> 00:51:31,160
Speaker 2: created and designed in like the sixties, you know, like

1221
00:51:31,280 --> 00:51:34,640
Speaker 2: during the sixties and seventies, like the heyday of graphic design,

1222
00:51:35,080 --> 00:51:37,120
Speaker 2: it reminds me a lot of this label. But what

1223
00:51:37,160 --> 00:51:39,719
Speaker 2: your thoughts on the flavor? Yeah, well, taste of the beer.

1224
00:51:39,800 --> 00:51:41,839
Speaker 2: You're talking about classic. I'm a fan of classic. I'm

1225
00:51:41,880 --> 00:51:43,080
Speaker 2: a fan of you know.

1226
00:51:43,280 --> 00:51:47,000
Speaker 1: Classic styles of classic literature and classic beers, and I

1227
00:51:47,040 --> 00:51:50,680
Speaker 1: feel like this is the most classic Seyson out there

1228
00:51:50,760 --> 00:51:53,759
Speaker 1: right soon has a classic classics farmhouse style. Yeah, so

1229
00:51:53,800 --> 00:51:56,560
Speaker 1: this fits my mold of stuff that I'm into and

1230
00:51:56,760 --> 00:52:01,120
Speaker 1: it's flavorful while having this like nice dry finish going

1231
00:52:01,160 --> 00:52:02,759
Speaker 1: with it, and so it's got a little bit of

1232
00:52:02,800 --> 00:52:04,919
Speaker 1: a funk. But it's one of those beers where it's like, man,

1233
00:52:05,040 --> 00:52:07,359
Speaker 1: I could you know. I am in a mood for

1234
00:52:07,400 --> 00:52:10,440
Speaker 1: a good Sayson a fair amount of the time, but

1235
00:52:10,480 --> 00:52:12,640
Speaker 1: I rarely have Saysons on hamd for some reason. And

1236
00:52:12,680 --> 00:52:14,839
Speaker 1: now I'm like, okay, all right, Sayson DuPont. It needs

1237
00:52:14,880 --> 00:52:17,320
Speaker 1: to become like a fridge staple because it's got delicious flavors.

1238
00:52:17,840 --> 00:52:21,680
Speaker 1: This this classic Sayson vibe without being overwhelming, So I

1239
00:52:21,719 --> 00:52:22,120
Speaker 1: dug it.

1240
00:52:22,200 --> 00:52:25,319
Speaker 2: Yeah, coupled with those Belgian yeasts, right, because like I

1241
00:52:25,320 --> 00:52:28,440
Speaker 2: feel like a typical Seyson farm slash farmhouse. It has

1242
00:52:28,480 --> 00:52:30,640
Speaker 2: a certain flavor characteristic, but when you make it a

1243
00:52:30,680 --> 00:52:32,960
Speaker 2: Belgian style, it has a different flavor profile. It's got

1244
00:52:33,000 --> 00:52:35,279
Speaker 2: more of like the clove and banana flavors going on,

1245
00:52:35,920 --> 00:52:38,080
Speaker 2: and a little bit sweeter I think as well. But

1246
00:52:38,160 --> 00:52:40,279
Speaker 2: that being said, I think it makes it. This is

1247
00:52:40,320 --> 00:52:43,239
Speaker 2: like the perfect kind of beer for a really good pizza. Yeah,

1248
00:52:43,280 --> 00:52:44,879
Speaker 2: Like if you've got a pizza that's got a little

1249
00:52:44,880 --> 00:52:47,560
Speaker 2: bit of heat, specifically, having a beer like this that

1250
00:52:47,640 --> 00:52:50,040
Speaker 2: has some of that sweetness and a little bit of

1251
00:52:50,040 --> 00:52:53,759
Speaker 2: that weediness just pairs so well with a really good

1252
00:52:53,760 --> 00:52:55,480
Speaker 2: pizza like that, especially one with like some of this,

1253
00:52:55,800 --> 00:52:59,120
Speaker 2: like some like spicy peppers on there, or some like spicy.

1254
00:52:59,600 --> 00:53:01,360
Speaker 1: Like me, or you don't want I p a with

1255
00:53:01,400 --> 00:53:05,239
Speaker 1: pizza I found it. You don't want bitterness, this is

1256
00:53:05,239 --> 00:53:08,600
Speaker 1: what this or like just like classic Logger would be good,

1257
00:53:08,920 --> 00:53:09,120
Speaker 1: or like.

1258
00:53:09,080 --> 00:53:11,680
Speaker 2: A wine Steffanner. Yeah, like a like a European wheat

1259
00:53:11,880 --> 00:53:14,239
Speaker 2: that works too. Yeah, all those kinds of beers really

1260
00:53:14,239 --> 00:53:15,239
Speaker 2: good with the quality.

1261
00:53:14,920 --> 00:53:16,400
Speaker 1: Pizza, no doubt. All Right, that's going to do it

1262
00:53:16,440 --> 00:53:18,239
Speaker 1: for this episode. For folks who want the show notes,

1263
00:53:18,239 --> 00:53:20,439
Speaker 1: the links to all the stuff we mentioned, we'll put

1264
00:53:20,440 --> 00:53:22,480
Speaker 1: those in our show notes on our site. A lot

1265
00:53:22,480 --> 00:53:23,440
Speaker 1: of money dot com.

1266
00:53:23,320 --> 00:53:25,680
Speaker 2: A lot of resources that we mentioned during this episode. Yeah,

1267
00:53:25,680 --> 00:53:27,359
Speaker 2: we will include all of those. And Joel, that's going

1268
00:53:27,400 --> 00:53:29,359
Speaker 2: to be it, buddy, until next time. Best Friends Out,

1269
00:53:29,480 --> 00:53:30,640
Speaker 2: Best Friends Out.