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Speaker 1: Welcome to How to Money. I'm Joel and I am Matt,

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Speaker 1: and today we're talking from poverty to prosperity with Amanda

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Speaker 1: from She Wolf of Wall Street. That's right.

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Speaker 2: Yeah, So, without completely giving away her story, Amanda was

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Speaker 2: born into, in her words, extreme poverty. And so what

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Speaker 2: I mean by that is like, not I had a

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Speaker 2: rough month after college, so I slepped in my car,

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Speaker 2: but more like begging for food at gas station like poverty.

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Speaker 2: Not that she's trying to like win the Poverty Olympics

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Speaker 2: or anything like that, anything that anybody should do. But

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Speaker 2: now she helps thousands of families create debt payoff strategies,

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Speaker 2: she helps them to budget, she helps them to invest,

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Speaker 2: and she's better known as She Wolf of Wall Street.

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Speaker 2: She has a self taught financial educator who's built a

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Speaker 2: community of over three hundred thousand folks. Amanda, She's all

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Speaker 2: over Instagram helping individuals a chief financial freedom. But how

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Speaker 2: did she actually do it? We introduced one extreme and

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Speaker 2: then we introduced another extreme, Like what happened between those

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Speaker 2: two polar opposites, And so we're excited for her to

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Speaker 2: share her story, her different achievements and how she was

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Speaker 2: able to cross from one end of the financial spectrum

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Speaker 2: to the other. Amanda Wolf, thank you for joining us

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Speaker 2: today on the podcast.

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Speaker 3: Thank you so much for having me. I'm excited to

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Speaker 3: be here.

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Speaker 1: We're glad to have you, Amanda. First question we ask

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Speaker 1: everybody who comes on the show is what do you

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Speaker 1: like to splour John, Because Matt and I we spend

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Speaker 1: more than some people think is reasonable on craft beer,

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Speaker 1: but hey, we like it and it's something we prioritize

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Speaker 1: in our budgets, but we're also saving investing for the future.

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Speaker 1: So what is that splurge in your life?

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Speaker 2: Ah?

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Speaker 4: So for me, I would say it's definitely travel, but

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Speaker 4: I want to take it another layer beyond that, because

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Speaker 4: I do think that you can travel on a budget

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Speaker 4: if you're real careful. But for me, it's definitely staying

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Speaker 4: in nicer hotels, places with really good, comfortable beds, because

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Speaker 4: I've realized over the years. You know, like when you're

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Speaker 4: in your early twenties it might not matter as much,

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Speaker 4: but as you get a little bit older, your sleep

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Speaker 4: on a trip can make or break it.

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Speaker 3: So just somewhere where I'm like very comfortable in.

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Speaker 4: A cozy bed, I would say that's the thing I

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Speaker 4: splurge on specifically when I travel nice.

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Speaker 1: I went backpacking recently slept on the cold, hard ground.

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Speaker 1: It was still a great trip, but you're right, the

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Speaker 1: worst part was the sleep sleep.

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Speaker 3: Yes, like go camp. If you want to do that,

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Speaker 3: you go do you boo. But for me, I want

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Speaker 3: a cozy bed and a good time.

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Speaker 1: Next time, I want a yurf with like a with

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Speaker 1: a nice queen bed or hit.

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Speaker 2: While Joel was sleeping on the cold hard earth, actually

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Speaker 2: you did have a blow up little mattress. It was

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Speaker 2: less cold, less hard. But my wife and I want

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Speaker 2: a similar but very different trip where we got to

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Speaker 2: sleep in California, king for the first time. Not to brag, Jewel,

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Speaker 2: I slept wonderfully.

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Speaker 4: It's okay, yeah, yeah, you know, like I could, I

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Speaker 4: could do a really long hike, like all day, but

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Speaker 4: I don't want to then go end on the ground.

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Speaker 2: Yes, you know, okay a shower Kate and I, yeah,

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Speaker 2: we could go hiking with y'all. That's how we like

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Speaker 2: to roll as well. And so in the little intro

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Speaker 2: I mentioned that just kind of how you're all over

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Speaker 2: social media. You've got something like three hundred thousand plus

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Speaker 2: followers on Instagram.

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Speaker 1: Do you ever take thirty thousand?

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Speaker 2: You know, who knows teaching folks the ins and outs

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Speaker 2: about money? And I feel like social media money information

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Speaker 2: it can be kind of hit or miss. That being said,

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Speaker 2: you auditioned out the good stuff. I'm curious to know

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Speaker 2: how that got started. Well, I'm curious too if you

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Speaker 2: ever thought that you would be. I don't know if

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Speaker 2: you consider yourself an influencer or not, but essentially that's

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Speaker 2: what you are, and you are teaching folks, you know,

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Speaker 2: how they should be handling their money on Instagram? So

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Speaker 2: how did that happen? Did you ever think that you'd

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Speaker 2: be able to make a living, or at least part

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Speaker 2: of a living by doing this?

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Speaker 4: Yeah, I mean I would say I'm as much of

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Speaker 4: an influencer as you guys. Do you guys consider yourselves

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Speaker 4: influencers tattoo?

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Speaker 2: We're not socials as much.

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Speaker 1: I don't know.

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Speaker 2: I feel like podcasters are a different breed, you know,

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Speaker 2: like people don't show our faces all that off.

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Speaker 4: Okay, okay, yeah, so I guess a finfluencer. And no,

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Speaker 4: I definitely didn't think I would ever be doing something

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Speaker 4: like that. I don't particularly love attention, so I guess

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Speaker 4: it feels a little different since you're kind of still behind,

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Speaker 4: you know, a computer or a screen a lot of

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Speaker 4: the time. But I'm naturally a little bit more of

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Speaker 4: an introvert, so having a bunch of strangers know who

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Speaker 4: I am it was definitely not something I probably would

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Speaker 4: have anticipated. But to answer your other question of how

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Speaker 4: I got started, essentially, money has always been a really

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Speaker 4: big part of my life, a really big part of

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Speaker 4: my story and upbringing, and I, you know, learned a

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Speaker 4: lot of this stuff just on my own over the

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Speaker 4: years and just kind of assumed that other people had

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Speaker 4: learned this stuff from their parents or somewhere else. And

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Speaker 4: you know, obviously I didn't get I didn't get that opportunity.

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Speaker 4: So I was talking with one of my friends, helping

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Speaker 4: her out with some of her money stuff, and she

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Speaker 4: was like, you're really good at this. You should teach

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Speaker 4: other people how to do it. And I was like,

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Speaker 4: you know, I've been thinking about it.

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Speaker 3: That would be really cool.

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Speaker 4: I even had a little Instagram name picked out, but

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Speaker 4: I don't know, I feel like people will make fun

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Speaker 4: of me.

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Speaker 3: And she was like, who do you think is going

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Speaker 3: to make fun of you? And I said, I don't

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Speaker 3: know my friends. She was like, she's like, well, then

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Speaker 3: you're not. They're not your friends.

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Speaker 4: If your friends make fun of you for trying to

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Speaker 4: do something, you know, that interest you, or trying to

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Speaker 4: teach people something, then they're not your friends. Let's look

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Speaker 4: up the handle right now, see if it's available. And

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Speaker 4: she took my phone from me, looked it up on Instagram.

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Speaker 4: She's like, she will fall Street. Yes, it's available. This

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Speaker 4: is a sign you're going to start posting and just

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Speaker 4: and just put it out there. So that's kind of

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Speaker 4: like how I got started, just over that hump. But

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Speaker 4: it was something that was just really interesting to me

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Speaker 4: for years and years, something I'd been teaching my you know,

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Speaker 4: my friends, colleagues. At my last company, I had built

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Speaker 4: a personal finance course and a corporate finance course. Uh

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Speaker 4: within my ERG that I led, Like seven hundred people

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Speaker 4: took it within the first couple of weeks, I know,

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Speaker 4: and I was like, why the heck did I build

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Speaker 4: that for everybody else for that company for free? So yeah,

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Speaker 4: it was kind of like there had always just been

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Speaker 4: this little nagging thing in the back of my mind,

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Speaker 4: and then finally it was just my friend helping push

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Speaker 4: me over that hump of just insecurity to actually start

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Speaker 4: the page.

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Speaker 3: But I never thought it would grow to what it

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Speaker 3: is today.

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Speaker 1: Yeah, best friends can be incredibly motivating, or good friends

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Speaker 1: can be Matt and I know this, you know, motivating

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Speaker 1: each other to start this podcast. I mean, I'm curious

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Speaker 1: you mentioned kind of starting that personal finance class four

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Speaker 1: hundreds of your coworkers. Are you still working like because

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Speaker 1: you've grown she Wolf of Wall Street to be something

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Speaker 1: incredibly large and impactful? Are you? Are you still doing having?

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Speaker 1: Do you have a forty hour week job in addition

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Speaker 1: to it?

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Speaker 3: You know what I actually do?

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Speaker 2: Wow?

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Speaker 3: I know, I know is probably the.

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Speaker 4: Trauma that's making me hold on to it. But I

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Speaker 4: like the idea of a consistent paycheck because, as you know,

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Speaker 4: the freelancer.

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Speaker 3: Life can be really to ultuous.

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Speaker 4: So having income be like so up and down month

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Speaker 4: to month makes me a little angsty. And you know,

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Speaker 4: originally I told myself, Okay, you know, most businesses fail

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Speaker 4: within the first you know, the first couple of years,

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Speaker 4: So if I can get through that, then you know,

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Speaker 4: I'll quit the nine to five. But honestly, I've reached

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Speaker 4: I've reached past that point.

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Speaker 3: Now.

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Speaker 4: But honestly, at this point, I've found that it's not

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Speaker 4: it's not impossible to.

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Speaker 3: Manage.

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Speaker 4: It hasn't gotten to a point where I feel super

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Speaker 4: burned out or anything. I'm just I try to be.

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Speaker 3: Really smart with my time. But yeah, I am. I

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Speaker 3: am still holding on to the nine to five.

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Speaker 2: That's impressive, very impressive. Okay, So you mentioned the trauma

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Speaker 2: and you joke about it now, but I mean, we

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Speaker 2: would love for you to actually share about that because

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Speaker 2: before you became one of the biggest influencers out there

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Speaker 2: in existence, you had a pretty hard upbringing. And I've

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Speaker 2: heard you say that money was your first memory, and

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Speaker 2: not necessarily in a good way. Can you share your

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Speaker 2: story with us?

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Speaker 3: Sure? Yeah.

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Speaker 4: So for me, I grew up in poverty, and it's

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Speaker 4: not to your point in the beginning. You know, it's

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Speaker 4: not like I just didn't get to go to Disneyland.

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Speaker 4: It's my parents were both addicted to really hard drugs

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Speaker 4: growing up, so I went without a lot of my

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Speaker 4: basic necessities, you know, begging for food from grocery stores

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Speaker 4: and gas stations for my brother and me, wearing the

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Speaker 4: same clothes to school every day, and was just really

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Speaker 4: bullied growing up, and whenever I would ask my mom,

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Speaker 4: you know, like why can't I get new clothes or

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Speaker 4: why can't I have a bed to sleep in things

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Speaker 4: like that, she would always just say, because it costs money.

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Speaker 3: We don't have money for those things.

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Speaker 4: And so like for me, that those are some of

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Speaker 4: my like just first memories ever in my life is

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Speaker 4: just not having money for things.

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Speaker 3: So when I was.

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Speaker 4: Really little, I was just like, Okay, I have to

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Speaker 4: figure out a way to get money. It seems like

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Speaker 4: that seems to be the answer to all of my problems.

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Speaker 4: So I thought, Okay, I just need to be really

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Speaker 4: smart because smart people have money. So I need to

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Speaker 4: do really good in school. If I do really good

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Speaker 4: in school, I'll get a good job, and I have

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Speaker 4: a good job, then I'll have money for all of

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Speaker 4: those things when I'm older. And so you know, that

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Speaker 4: was my like five year old, six year old, seven

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Speaker 4: year old brain was just reading like every book I

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Speaker 4: could get my hands on, trying to be the best

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Speaker 4: in school, just doing everything I could to become smarter

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Speaker 4: so that I would have a way to get money

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Speaker 4: when I'm older. Was always like the goal when I

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Speaker 4: was younger, So that those are some of my very

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Speaker 4: first memories as it relates to money.

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Speaker 1: And then in what you're describing, we're not just talking

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Speaker 1: about a lack of money, right, We're also talking a

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Speaker 1: lot And this is like crucial in so many ways, Like, Hey,

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Speaker 1: you can have a lack of money, but man, if

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Speaker 1: you've got this amazing home life where your parents are

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Speaker 1: encouraging you, helping with your homework, not struggling with addiction,

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Speaker 1: it's a lot easier to make progress on some of

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Speaker 1: those things. So how do you feel, like those the

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Speaker 1: other spots in your home life that were difficult, how

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Speaker 1: were they impacting your ability to get to the places

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Speaker 1: you wanted to go?

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Speaker 4: Oh gosh, I mean I would say it impacted it

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Speaker 4: a lot because we moved around a lot, didn't have

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Speaker 4: like a stable home, So I switched schools a lot too.

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Speaker 4: I went to three schools just for sixth grade alone.

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Speaker 4: I think I went to like twelve schools within just

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Speaker 4: a few years. So moving around all the time and

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Speaker 4: like picking up in the middle of whereever you are

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Speaker 4: in a different lesson plan, especially when you're really really young,

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Speaker 4: is tough. But I think because I didn't have a

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Speaker 4: lot of attention at home. I was pretty disciplined myself.

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Speaker 4: So I just got to the point where I'm like, Okay,

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Speaker 4: well I can catch up. I'll get whatever you know book.

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Speaker 4: I'll like if I'm changing schools again, I'll go to

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Speaker 4: the teacher. I want to learn everything that they learned

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Speaker 4: this year already. I'm going to take it home and

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Speaker 4: study it as much as I can. So I think

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Speaker 4: that that was that was a lot of It was

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Speaker 4: a lot of just discipline on my side because I

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Speaker 4: knew that the life I was in, I knew that

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Speaker 4: I didn't want to be like that when.

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Speaker 3: I was older.

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Speaker 2: That's incredibly impressive, especially you said sixth grade, and Joel

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Speaker 2: and I we both have both of our oldest daughters

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Speaker 2: are in sixth grade. So I can only imagine how

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Speaker 2: difficult that would be. And I remember my my self

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Speaker 2: as a sixth grader and with incredibly hard.

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Speaker 1: I was an idiot, like truly, and so yeah, to

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Speaker 1: see how you responded to some of that ever admirable

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Speaker 1: at that young in age, I don't. Yeah, so its hard.

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Speaker 2: Like academically, it sounds like maybe that's how you're able

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Speaker 2: to pull it off, But what about like financially, because

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Speaker 2: you went to college. So how did that all come together?

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Speaker 2: Given that maybe you were driven from an academic standpoint,

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Speaker 2: you connected the dots, but then, yeah, tell us the

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Speaker 2: rest of your education story.

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Speaker 3: Yeah.

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Speaker 4: So I was the first person in my family to

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Speaker 4: go to college, but I knew that I had to

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Speaker 4: get there because I knew that I had to get

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Speaker 4: out of my situation. So I was good friends with

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Speaker 4: a couple of people in high school who were going

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Speaker 4: on college visits, and I'd be like, can you ask

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Speaker 4: your mom or dad like if I can come with you?

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Speaker 4: So I would go on college visits and just tag

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Speaker 4: along on their family trips. Wow, with lots of my

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Speaker 4: different friends. Most of their parents kind of knew, like

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Speaker 4: something's not great with amanda situation, so sure she can

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Speaker 4: come along.

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Speaker 3: So I kind of just tagged along.

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Speaker 4: And I would look at my friends who had who

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Speaker 4: seemed like they had a good home life, like maybe

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Speaker 4: they had a big house or their parents did you

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Speaker 4: know whatever when you're young, whatever you think that like

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Speaker 4: having money means. And I would just be like, okay,

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Speaker 4: well you know, what are what is.

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Speaker 3: Girl A doing? I don't want to save their names,

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Speaker 3: like like what is she doing? Oh? Okay?

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Speaker 4: So it seems like she's taking ACT prep classes. Well,

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Speaker 4: I can't do that, so let me go to the

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Speaker 4: library because they're expensive, So let me go to the

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Speaker 4: library and see when I need to learn.

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Speaker 3: Oh, she's going to go visit college.

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Speaker 4: Well, okay, I don't have a ride there, so maybe

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Speaker 4: I can tag along.

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Speaker 3: So it was me just trying to emulate.

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Speaker 4: What other people who had successful families in my mind

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Speaker 4: were doing and just kind of trying to follow that route.

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Speaker 4: And then you know, taking the ACT, applying to colleges, Like.

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Speaker 3: What colleges are you applying to? How do you even

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Speaker 3: do that?

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Speaker 4: Okay, I'm just gonna literally do whatever they're doing. Got

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Speaker 4: accepted to the University of Illinois, and then that's when

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Speaker 4: I went off to college, and I would say that

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Speaker 4: my entire world opened up because I got to see

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Speaker 4: not just leave the baggage behind from where I came,

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Speaker 4: but I just got exposed to a complaint completely different

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Speaker 4: network of people. I got to see how other people

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Speaker 4: were living, and to just not have the same type

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Speaker 4: of stress that I did in my younger years was huge.

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Speaker 4: So I would say it was a pretty even though

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Speaker 4: I you know, I took out college loans, and I

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Speaker 4: had a lot of grants for college. You know, it

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Speaker 4: was still to me it was worth the loans. I

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Speaker 4: got to really become the person who I am today.

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Speaker 1: So one of the things that strikes me about kind

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Speaker 1: of how you seem to react to things is that

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Speaker 1: your boldness and your persistence and how if there's something

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Speaker 1: you're not quite sure like, you find a way to

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Speaker 1: figure it out. Which and that's it seems to be

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Speaker 1: the case with how you learned about personal finance too,

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Speaker 1: which I want to talk about, but I think that's

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Speaker 1: like so important. What made you start to ask those questions?

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Speaker 1: Were you just like, there's no way I can live

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Speaker 1: the life, continue to live the life I've been living.

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Speaker 1: I've got to do something different, and the only way

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Speaker 1: to get there is through kind of humility and starting

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Speaker 1: to ask some of those questions for the things that

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Speaker 1: nobody really taught me.

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Speaker 4: Absolutely so I was not particularly shy and U to

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Speaker 4: you to your point, I knew that the way I

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Speaker 4: was living, I did not want to continue to live

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Speaker 4: like that.

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Speaker 3: I was like, I can't, I cannot do this.

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Speaker 4: I was just around like a lot of really bad people,

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Speaker 4: and they would always tell me, uh, you know, you're

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Speaker 4: you know, kids who grow up with addicts end up

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Speaker 4: becoming addicts. Like, I wouldn't wish this upon my worst enemy.

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Speaker 4: You know, you got to stay away from this stuff.

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Speaker 4: And for me, I was like, I don't want to

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Speaker 4: touch any of that stuff anyway, But how do I

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Speaker 4: get out of this situation? So it was just like education, education,

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Speaker 4: How am I going to get educated?

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Speaker 3: How am I going to learn? What can I do?

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Speaker 3: So it was just like the driving force behind behind everything.

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Speaker 2: Yeah. One of the things you learned about, obviously was

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Speaker 2: handling your money well, because after college you got your

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Speaker 2: your first job, your first real job, and then you

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Speaker 2: went on a mission to learn everything possible about personal finances, yes,

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Speaker 2: specifically or filing your taxes in touch.

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Speaker 1: Which is an education in and of itself.

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Speaker 2: It's always eye opening for everyone out there. But talk

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Speaker 2: to us about your early twenties and you know what

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Speaker 2: sort of changes did you make as you kind of

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Speaker 2: entered into adulthood and were in charge of your own finances? Uh?

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Speaker 3: Yeah, realized the system is a lie.

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Speaker 4: You don't just graduate college, get a great job, and

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Speaker 4: then have money for everything you want in life.

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Speaker 3: That is how that works. Yeah, So anybody else about

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Speaker 3: to graduate college.

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Speaker 4: If you're listening to this, get ready, because that is

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Speaker 4: unfortunately not the way the cookie crumbles. So when I

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Speaker 4: graduated college, at this point, I'm like, great, got a job.

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Speaker 4: This is super exciting. Fast forward like a few months

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Speaker 4: later and I'm like, wait a minute, why do I

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Speaker 4: still not have any money? What is going on? Like,

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Speaker 4: I have these college loans and I'm gonna to start

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Speaker 4: paying really soon. I have some credit card debt. I'm

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Speaker 4: paying one of these amounts, but there's like several different

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Speaker 4: amounts listed on the bill, and I don't really get

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Speaker 4: what I'm looking at. You know, why am I still

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Speaker 4: living paycheck to paycheck? And to your point, it was, Yeah,

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Speaker 4: after my first full year of working, I would say

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Speaker 4: that it was a really big reality check because I

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Speaker 4: realized that I had made you know, about seventy seven

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Speaker 4: thousand dollars, and because I was in a sales role,

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Speaker 4: so I got bonuses throughout. So it's one of those

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Speaker 4: things where you kind of don't realize how much you're

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Speaker 4: making because it's more than just your you know, a

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Speaker 4: regular paycheck every two weeks. So I got that plus bonuses,

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Speaker 4: and I made seventy seven thousand dollars after my first year,

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Speaker 4: and I didn't know until I got my text turn

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Speaker 4: and I was like, what the heck is going on?

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Speaker 4: This is the most money I've ever been exposed to

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Speaker 4: in my entire life. And this was like twenty ten money.

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Speaker 4: So yeah, let's go ahead and figure out what that

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Speaker 4: number is. But yeah, just for inflation is way more.

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Speaker 4: But I'm like, this is the most money I've ever

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Speaker 4: been exposed to. Why do I still not have any

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Speaker 4: of it? Like my credit card amount still hasn't lowered.

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Speaker 4: I still owe tons of money on uh my student loans.

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Speaker 4: And that's when I decided, Okay, I've got to learn

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Speaker 4: how money works. I apparently don't understand how this stuff works.

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Speaker 4: And so I literally I called Chase Bank my credit card.

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Speaker 4: I was like, can you explain what is current balance?

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Speaker 4: What is statement balance?

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Speaker 2: Like?

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Speaker 3: What does minimum ount do? What are all these things?

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Speaker 4: She explained it to me, and I'm like, Okay, that's

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Speaker 4: why I'm paying fees every month because I am not

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Speaker 4: paying the statement balance.

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Speaker 3: Got it.

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Speaker 4: Then I was like, what is this four oh one k?

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Speaker 4: I'm like putting money into this guy John in my

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Speaker 4: training class. When I first got hired was like, make

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Speaker 4: sure you put you know, at least five percent into

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Speaker 4: your four oh one k or whatever it was. And

403
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Speaker 4: I was like, okay, didn't know.

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Speaker 3: What it was.

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Speaker 4: So then I literally called Fidelity and I was like,

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Speaker 4: can you explain what a four to one k is?

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Speaker 3: What is this money I'm putting in? What is this match?

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Speaker 4: And I literally just started going down the line. It

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Speaker 4: was like I need to figure out this money stuff.

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Speaker 4: And it was a matter of me literally just calling

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Speaker 4: some of these institutions, googling stuff, watching YouTube videos, reading books,

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Speaker 4: all of that, like I just I'm like I need

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Speaker 4: to understand this.

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Speaker 1: Yeah, well, I love to you. Ever, overcame one hurdle, right,

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Speaker 1: which was the education piece. Then you overcame another hurdle,

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Speaker 1: which was the income piece. When you realize there's another

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Speaker 1: hurdle like lingering there and it trips up so many people, right,

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Speaker 1: which is the personal finance education hurdle. Fortunately, we're seeing

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Speaker 1: more and more personal finance classes being mandated in high

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Speaker 1: schools around the country and more than half of seniors

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Speaker 1: are going to get some sort of personal finance class,

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Speaker 1: which is incredible. But even that might not be enough,

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Speaker 1: and there's a lot of self education that's going to

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Speaker 1: be necessary to really thrive as an adult. Why do

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Speaker 1: you think so many people think that income alone is

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Speaker 1: the solution and that they can out earn their spending.

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Speaker 1: And what do you see when it comes to the

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Speaker 1: she Wolf of Wall Street followers, like, what are their

429
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Speaker 1: biggest hang ups when it comes to personal finance? Yeah?

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Speaker 4: I think that the biggest misconception of just make more

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Speaker 4: money and you'll have money for everything you want is

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Speaker 4: that we don't know how much we spend.

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Speaker 3: We are terrible guessers.

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Speaker 4: And I would say that this extends to yeah, the community, friends,

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Speaker 4: like anybody you meet, if you are not actually taking

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Speaker 4: a look at how much you're spending. If I say like, hey, Matt,

437
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Speaker 4: how much do you spend on groceries every month?

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Speaker 3: Now?

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Speaker 4: You probably know, right because you're in the space, right,

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Speaker 4: But if you were to just ask a person on

441
00:19:07,240 --> 00:19:09,359
Speaker 4: the street, they're going to probably just come up with

442
00:19:10,119 --> 00:19:13,000
Speaker 4: a random number. But it's like, that's just one category.

443
00:19:13,080 --> 00:19:16,399
Speaker 4: Let's also talk about the dining out park exactly. Yeah,

444
00:19:16,600 --> 00:19:19,440
Speaker 4: And I've found that people are guessing.

445
00:19:19,119 --> 00:19:21,840
Speaker 3: By like half. They'll be like, oh, probably.

446
00:19:21,400 --> 00:19:24,640
Speaker 4: Like you know, three hundred, four hundred dollars a month

447
00:19:24,680 --> 00:19:26,479
Speaker 4: and then we'll add it up and it's like, no,

448
00:19:26,520 --> 00:19:29,720
Speaker 4: it's more like seven to eight hundred, and they're like what, Like, yeah,

449
00:19:29,720 --> 00:19:31,879
Speaker 4: that's all the extra trips after work when you decide

450
00:19:31,920 --> 00:19:33,960
Speaker 4: to go get little treats on your way, and you know,

451
00:19:34,359 --> 00:19:37,000
Speaker 4: all that stuff adds up. So I would say that

452
00:19:37,000 --> 00:19:41,680
Speaker 4: the biggest misconception, you know, the driving factor is not

453
00:19:41,800 --> 00:19:44,159
Speaker 4: knowing how much you're spending on different stuff, because if

454
00:19:44,200 --> 00:19:46,080
Speaker 4: you don't know how much you need for things, it

455
00:19:46,080 --> 00:19:47,840
Speaker 4: doesn't matter how much money you earn, because you're just

456
00:19:47,880 --> 00:19:48,800
Speaker 4: going to keep buying more of it.

457
00:19:49,280 --> 00:19:51,119
Speaker 2: Yeah, So what you're talking about now is like, so

458
00:19:51,200 --> 00:19:53,760
Speaker 2: far your story has kind of documented your amazing rise.

459
00:19:54,000 --> 00:19:58,800
Speaker 2: Thank you post graduating, having that first year of your career,

460
00:19:59,400 --> 00:20:02,320
Speaker 2: which on a though, like paying credit card debt, like

461
00:20:02,359 --> 00:20:04,520
Speaker 2: that makes you an average American, right, like the average

462
00:20:04,520 --> 00:20:07,040
Speaker 2: American that's got like six seven thousand dollars on their

463
00:20:07,040 --> 00:20:09,000
Speaker 2: credit cards. But what we want to talk about next

464
00:20:09,040 --> 00:20:11,320
Speaker 2: is how you're able to just to completely smash some

465
00:20:11,400 --> 00:20:13,639
Speaker 2: of your different financial goals. We'll get all of that

466
00:20:13,680 --> 00:20:14,719
Speaker 2: and more right after this.

467
00:20:22,800 --> 00:20:25,639
Speaker 1: We're back from the break. We're still talking with Amanda Wolf.

468
00:20:25,720 --> 00:20:28,080
Speaker 1: She goes by the moniker she Wolf of Wall Street

469
00:20:28,119 --> 00:20:31,760
Speaker 1: on Instagram, and she is been inspiring and helping hundreds

470
00:20:31,760 --> 00:20:35,120
Speaker 1: of thousands of people in their personal finance journeys after

471
00:20:35,560 --> 00:20:38,400
Speaker 1: making an incredible one of her own. And I mean,

472
00:20:38,440 --> 00:20:41,440
Speaker 1: I've heard you say that the first step to getting

473
00:20:41,440 --> 00:20:46,520
Speaker 1: better with personal finance was facing the facts. And we're

474
00:20:46,560 --> 00:20:48,920
Speaker 1: just talking about the fact that people don't know what

475
00:20:48,960 --> 00:20:51,679
Speaker 1: they actually spend on stuff they're guessing. And there's stats

476
00:20:51,680 --> 00:20:54,520
Speaker 1: about that too, about hey, how much the average American

477
00:20:54,560 --> 00:20:56,840
Speaker 1: what do they think they spend on subscriptions every month?

478
00:20:57,000 --> 00:20:58,639
Speaker 1: It's like, oh, probably one hundred and twenty bucks and

479
00:20:58,640 --> 00:21:00,200
Speaker 1: then no, it's north of four hundred bucks for the

480
00:21:00,200 --> 00:21:03,240
Speaker 1: average person. Do you think that people fail to make

481
00:21:03,240 --> 00:21:07,439
Speaker 1: progress because of that one simple thing of not looking

482
00:21:07,480 --> 00:21:10,000
Speaker 1: in and seeing, you know, what the actual data looks like?

483
00:21:10,560 --> 00:21:13,920
Speaker 4: Totally, totally, And I think it's and I know it's

484
00:21:13,960 --> 00:21:16,320
Speaker 4: for a lot of reasons. One is, I think it

485
00:21:16,359 --> 00:21:18,320
Speaker 4: can be really scary. I know that that used to

486
00:21:18,320 --> 00:21:21,439
Speaker 4: be my feeling, especially if you have debt, especially if

487
00:21:21,440 --> 00:21:23,919
Speaker 4: you're like got some thin margins over there and you're

488
00:21:24,000 --> 00:21:26,080
Speaker 4: kind of barely scraping by, it can feel really scary.

489
00:21:26,119 --> 00:21:28,400
Speaker 4: To open your bank account and look through those things.

490
00:21:28,440 --> 00:21:30,960
Speaker 4: It can be almost traumatizing when you realize what you're

491
00:21:30,960 --> 00:21:36,919
Speaker 4: doing to yourself. I actually was just meeting with someone recently.

492
00:21:37,480 --> 00:21:40,000
Speaker 4: She's not on social media, but I was helping her

493
00:21:40,080 --> 00:21:41,640
Speaker 4: out with you know, and I was like, your first

494
00:21:41,680 --> 00:21:43,320
Speaker 4: job is to go and track your spending over the

495
00:21:43,359 --> 00:21:45,640
Speaker 4: last six months. She was like, I couldn't stop crying,

496
00:21:45,720 --> 00:21:47,720
Speaker 4: Like I didn't realize that's how much I was spending,

497
00:21:47,760 --> 00:21:49,560
Speaker 4: Like what a waste of my money. I had no

498
00:21:49,640 --> 00:21:52,200
Speaker 4: idea where it was going at. I'm working so hard

499
00:21:52,280 --> 00:21:54,359
Speaker 4: every day, day in and day out, and I am

500
00:21:54,440 --> 00:21:56,400
Speaker 4: just throwing my money away on stuff I don't even

501
00:21:56,400 --> 00:21:58,640
Speaker 4: care about. And I'm like, right now, use that passion.

502
00:21:58,960 --> 00:22:01,800
Speaker 4: Let's go ahead and move forward towards, you know, more

503
00:22:01,840 --> 00:22:05,360
Speaker 4: productive things. But I think it can be just completely

504
00:22:05,359 --> 00:22:07,760
Speaker 4: debilitating to your finances if you don't sit down and

505
00:22:07,840 --> 00:22:08,920
Speaker 4: just face the facts.

506
00:22:08,920 --> 00:22:10,560
Speaker 3: Every once in a while, as.

507
00:22:10,440 --> 00:22:12,280
Speaker 2: I hear you talk through some of this, Amanda, I'm

508
00:22:12,320 --> 00:22:15,000
Speaker 2: struck by how much action you take. Basically, like you

509
00:22:15,080 --> 00:22:17,040
Speaker 2: learn about something or you kind of catch catch you

510
00:22:17,080 --> 00:22:18,480
Speaker 2: with of something and you're like wait a minute, and

511
00:22:18,520 --> 00:22:20,480
Speaker 2: then you like go chase that thing down. So whether

512
00:22:20,560 --> 00:22:23,760
Speaker 2: that's like deductions from your paycheck, how much you're paying

513
00:22:24,000 --> 00:22:25,280
Speaker 2: to a credit card company.

514
00:22:25,000 --> 00:22:27,240
Speaker 1: Or researching something and all the tabs you have open doing.

515
00:22:30,160 --> 00:22:33,080
Speaker 2: Prior to recording. Yeah, but I guess I'm curious talk

516
00:22:33,119 --> 00:22:35,800
Speaker 2: about the maybe the like, on one hand, you've got

517
00:22:35,840 --> 00:22:39,280
Speaker 2: goal setting and you've got okay, the perfect plan where

518
00:22:39,280 --> 00:22:41,359
Speaker 2: you have to like lay everything out. But then on

519
00:22:41,359 --> 00:22:42,640
Speaker 2: the other hand, you kind of have like a more

520
00:22:42,640 --> 00:22:44,840
Speaker 2: pragmatic like I'm just going to take the first baby

521
00:22:44,840 --> 00:22:46,639
Speaker 2: step and start moving in a direction that's going to

522
00:22:46,680 --> 00:22:49,680
Speaker 2: get you closer to your goals. And so one end

523
00:22:49,760 --> 00:22:52,720
Speaker 2: is very i don't know, academic and lofty, and on

524
00:22:52,800 --> 00:22:56,880
Speaker 2: the other hand, it's just very gritty and how can

525
00:22:56,960 --> 00:22:59,879
Speaker 2: I slowly improve my life a little bit today? How

526
00:22:59,920 --> 00:23:02,240
Speaker 2: do you marry those two things? And I guess what

527
00:23:02,400 --> 00:23:04,919
Speaker 2: steps would you recommend for somebody to take, Like is

528
00:23:04,960 --> 00:23:06,760
Speaker 2: it to sit down and think through those goals or

529
00:23:06,840 --> 00:23:09,480
Speaker 2: is it to do something maybe a little more practical, like, hey,

530
00:23:09,520 --> 00:23:11,760
Speaker 2: look at all of your expenses from the past six months.

531
00:23:12,080 --> 00:23:14,760
Speaker 4: Yeah, I think I think starting with either one of

532
00:23:14,800 --> 00:23:18,399
Speaker 4: those things is totally fine, And it's more about knowing yourself,

533
00:23:18,840 --> 00:23:21,280
Speaker 4: like which one of those two things feels less scary

534
00:23:21,320 --> 00:23:21,600
Speaker 4: to you.

535
00:23:22,200 --> 00:23:26,280
Speaker 3: Is it just doing the you know, mind numbing, let

536
00:23:26,280 --> 00:23:26,800
Speaker 3: me add.

537
00:23:26,680 --> 00:23:28,600
Speaker 4: Up what I've spent type of thing, or is it

538
00:23:28,640 --> 00:23:31,080
Speaker 4: doing the heart thing where you sit down and think

539
00:23:31,080 --> 00:23:33,440
Speaker 4: about what you want in your life. Those are both

540
00:23:33,480 --> 00:23:36,840
Speaker 4: two really important things, because if you don't know what

541
00:23:36,880 --> 00:23:38,080
Speaker 4: you want in life, if you don't know what you

542
00:23:38,160 --> 00:23:40,119
Speaker 4: want to spend your money on, it's going to be

543
00:23:40,200 --> 00:23:40,760
Speaker 4: really hard to.

544
00:23:40,760 --> 00:23:42,840
Speaker 3: Stop spending it on whatever you're spending it on now.

545
00:23:43,280 --> 00:23:45,680
Speaker 4: Right So it's so easy to go and just swipe

546
00:23:45,720 --> 00:23:48,639
Speaker 4: your card and do all the fun things. But if

547
00:23:48,680 --> 00:23:51,280
Speaker 4: you're like, oh, wait a minute, I really really wanted

548
00:23:51,280 --> 00:23:54,560
Speaker 4: to go to Barcelona next summer, and I know that

549
00:23:54,600 --> 00:23:56,800
Speaker 4: it's going to cost a lot of money. So once

550
00:23:57,240 --> 00:23:59,439
Speaker 4: that's now in the forefront of your brain or whatever

551
00:23:59,480 --> 00:24:01,800
Speaker 4: your thing is now, all of a sudden, it makes

552
00:24:01,840 --> 00:24:05,320
Speaker 4: it way easier to not spend on other stuff because

553
00:24:05,359 --> 00:24:08,760
Speaker 4: you have a goal that you're striving for. So I

554
00:24:08,800 --> 00:24:11,320
Speaker 4: think both of those things are important. Sit down and

555
00:24:11,359 --> 00:24:13,800
Speaker 4: see what you're spending on, see where you can cut back,

556
00:24:14,000 --> 00:24:16,600
Speaker 4: but also do the heart thing where you figure out

557
00:24:16,680 --> 00:24:18,800
Speaker 4: what you want. So whichever is less scary to you,

558
00:24:18,840 --> 00:24:20,520
Speaker 4: I think would be the perfect place to start.

559
00:24:20,840 --> 00:24:22,280
Speaker 1: This may sounding a weird question, but how do you

560
00:24:22,280 --> 00:24:26,199
Speaker 1: feel about the role of joy in your kind of

561
00:24:26,240 --> 00:24:29,280
Speaker 1: making financial progress? So somebody might say, hey, but Amanda,

562
00:24:29,320 --> 00:24:30,919
Speaker 1: these things I'm spending money on, they bring me a

563
00:24:30,920 --> 00:24:33,679
Speaker 1: lot of joy in my life. And yes, I'm terrified

564
00:24:33,680 --> 00:24:35,480
Speaker 1: about the debt I'm racking up in my lack of

565
00:24:35,520 --> 00:24:38,760
Speaker 1: security when it comes to my financial future. But these

566
00:24:38,800 --> 00:24:41,399
Speaker 1: purchases that are moving the needle on my happiness. How

567
00:24:41,440 --> 00:24:44,000
Speaker 1: would you kind of help people figure that and kind

568
00:24:44,000 --> 00:24:45,440
Speaker 1: of sort through that reality.

569
00:24:45,680 --> 00:24:46,679
Speaker 3: Yeah, I would say that.

570
00:24:48,400 --> 00:24:51,560
Speaker 4: I mean, especially if you have debt, I would say, well,

571
00:24:51,680 --> 00:24:53,160
Speaker 4: let's take a step back.

572
00:24:53,240 --> 00:24:54,600
Speaker 3: Are you actually happy?

573
00:24:54,680 --> 00:24:57,479
Speaker 4: You're telling me that this debt doesn't make you feel scared,

574
00:24:57,520 --> 00:25:00,720
Speaker 4: It doesn't make you concerned that you're not like have

575
00:25:00,840 --> 00:25:03,119
Speaker 4: somewhere to live one day, or that you're going to

576
00:25:03,200 --> 00:25:04,639
Speaker 4: have to work for the rest of your life.

577
00:25:04,720 --> 00:25:04,919
Speaker 3: You know.

578
00:25:05,080 --> 00:25:07,720
Speaker 4: I think I think that we tell ourselves that things

579
00:25:07,720 --> 00:25:12,000
Speaker 4: make us happy just because it's easier than facing facing

580
00:25:12,200 --> 00:25:15,400
Speaker 4: reality sometimes and being honest with ourselves.

581
00:25:15,440 --> 00:25:18,960
Speaker 3: But I would argue that all of those.

582
00:25:18,840 --> 00:25:22,600
Speaker 4: Things are probably not actually bringing them joy and go

583
00:25:22,760 --> 00:25:25,920
Speaker 4: without them for one month, two weeks, give it whatever

584
00:25:25,960 --> 00:25:27,840
Speaker 4: you can and just see do you actually miss it

585
00:25:27,920 --> 00:25:28,080
Speaker 4: or not?

586
00:25:28,560 --> 00:25:31,200
Speaker 2: I love it? Okay, So kind of on that note,

587
00:25:31,480 --> 00:25:33,800
Speaker 2: you shared how when you travel now you're making sure

588
00:25:33,800 --> 00:25:36,199
Speaker 2: to prioritize the room with like the nice bed, make

589
00:25:36,240 --> 00:25:38,439
Speaker 2: sure you get a good night's sleep. Like when you

590
00:25:38,480 --> 00:25:40,880
Speaker 2: were attacking some of your different financial goals, like paying

591
00:25:40,960 --> 00:25:44,199
Speaker 2: off those credit cards, maybe your student loans, were you

592
00:25:44,920 --> 00:25:47,600
Speaker 2: allowing yourself some of those splurges within that period of

593
00:25:47,640 --> 00:25:50,320
Speaker 2: time as well, or was it more like, no, I'm

594
00:25:50,320 --> 00:25:54,160
Speaker 2: going to feel the deprivation in order to quickly achieve totally.

595
00:25:54,080 --> 00:25:57,040
Speaker 4: Not like a rice and beans type person over here.

596
00:25:57,200 --> 00:26:00,280
Speaker 4: Ok I think that type of person. I think that

597
00:26:00,280 --> 00:26:03,480
Speaker 4: type of financial advice is like the diet pill of

598
00:26:03,560 --> 00:26:08,359
Speaker 4: money and it's not sustainable. Do I think doing like

599
00:26:08,400 --> 00:26:11,560
Speaker 4: a no spend month, or you know, cutting no eating

600
00:26:11,640 --> 00:26:13,639
Speaker 4: for like two weeks or a month or something like that.

601
00:26:13,720 --> 00:26:14,639
Speaker 3: I think that can.

602
00:26:14,520 --> 00:26:17,480
Speaker 4: Be really helpful for people who are having trouble getting

603
00:26:17,520 --> 00:26:19,360
Speaker 4: out of their own head when it comes to spending.

604
00:26:19,800 --> 00:26:22,280
Speaker 4: I think things like that can be helpful. But if

605
00:26:22,280 --> 00:26:24,400
Speaker 4: you have if you're not going to ever be able

606
00:26:24,400 --> 00:26:26,720
Speaker 4: to like go do anything fun for two years while

607
00:26:26,720 --> 00:26:28,679
Speaker 4: you pay off your debt. I just don't think something

608
00:26:28,720 --> 00:26:30,720
Speaker 4: like that is sustainable, and I think that you'll probably

609
00:26:30,800 --> 00:26:33,800
Speaker 4: end up giving up part way through anyway. Unless you know,

610
00:26:33,880 --> 00:26:36,760
Speaker 4: unless that's that brings you joy and you know that's

611
00:26:36,800 --> 00:26:40,480
Speaker 4: going to be your driving factor to get stuff done,

612
00:26:40,480 --> 00:26:41,760
Speaker 4: then you know, go do it. But I think for

613
00:26:41,840 --> 00:26:43,960
Speaker 4: most of us that's not that's not the case.

614
00:26:44,359 --> 00:26:44,600
Speaker 3: Now.

615
00:26:44,720 --> 00:26:48,080
Speaker 4: I did still travel while I had student loans, and

616
00:26:48,760 --> 00:26:50,719
Speaker 4: I didn't really do it when I had credit card debt,

617
00:26:50,760 --> 00:26:53,200
Speaker 4: but I kind of knocked that out pretty fast when.

618
00:26:53,119 --> 00:26:54,400
Speaker 3: I was younger.

619
00:26:54,400 --> 00:26:57,720
Speaker 4: But I would say when I had student loans, yeah,

620
00:26:57,720 --> 00:27:00,119
Speaker 4: I still traveled, but I didn't go stay in like

621
00:27:00,119 --> 00:27:02,520
Speaker 4: a five star luxury hotel. You know, at that point,

622
00:27:02,520 --> 00:27:05,000
Speaker 4: I'm taking the annoying red eye flight that has two

623
00:27:05,080 --> 00:27:07,440
Speaker 4: layovers to go to Europe because that flight was four

624
00:27:07,520 --> 00:27:11,320
Speaker 4: hundred and eighty dollars or whatever, you know, or using

625
00:27:11,440 --> 00:27:16,040
Speaker 4: credit card points to get the hotel, or you know,

626
00:27:16,080 --> 00:27:19,239
Speaker 4: staying in an upscale, hostile type of situation. So I

627
00:27:19,320 --> 00:27:23,120
Speaker 4: was still traveling, but I wasn't going over the top.

628
00:27:23,160 --> 00:27:26,600
Speaker 4: I wasn't doing Michelin star restaurants and like buying a

629
00:27:26,640 --> 00:27:30,879
Speaker 4: Chanel bag and then you know, staying in a ritz. Carlton,

630
00:27:30,920 --> 00:27:32,760
Speaker 4: I wasn't doing that type of stuff, but that doesn't

631
00:27:32,800 --> 00:27:34,480
Speaker 4: mean I couldn't still go do something.

632
00:27:34,680 --> 00:27:36,600
Speaker 1: Sounds like you took the happy medium approach I loved,

633
00:27:36,600 --> 00:27:37,960
Speaker 1: was just like, yeah, let's get rid of this stat

634
00:27:38,040 --> 00:27:40,560
Speaker 1: It's it's an important thing, but it's not going to

635
00:27:40,560 --> 00:27:42,679
Speaker 1: completely upend my ability to live my life in the

636
00:27:42,720 --> 00:27:45,000
Speaker 1: meantime totally. I want to hear about your kind of

637
00:27:45,000 --> 00:27:47,399
Speaker 1: take on side hustles because when you first got your

638
00:27:47,480 --> 00:27:50,640
Speaker 1: job out of college and you were kind of dead

639
00:27:50,680 --> 00:27:53,120
Speaker 1: set after kind of fillowing your taxes for the first time,

640
00:27:53,119 --> 00:27:55,840
Speaker 1: on getting your personal finances together, how did you think

641
00:27:55,840 --> 00:27:59,320
Speaker 1: about making more money? Because it seems like side hustles

642
00:27:59,320 --> 00:28:02,320
Speaker 1: have been apart of your financial story from the get

643
00:28:02,359 --> 00:28:05,320
Speaker 1: go essentially, and they still are, like you still yeah,

644
00:28:05,840 --> 00:28:07,960
Speaker 1: like she Wild Wall Street is still a side hustle.

645
00:28:08,280 --> 00:28:10,119
Speaker 1: So so I don't know, how do you think about

646
00:28:10,520 --> 00:28:14,200
Speaker 1: side hustles and their ability? Obviously, the steady paycheck is nice,

647
00:28:14,240 --> 00:28:16,639
Speaker 1: but the side hustles are something that you're like, you're

648
00:28:16,640 --> 00:28:17,800
Speaker 1: going back to the well again and again.

649
00:28:17,840 --> 00:28:19,720
Speaker 4: On that, I would say, like, do as I say,

650
00:28:19,760 --> 00:28:23,199
Speaker 4: not as I do, type of thing, But now I

651
00:28:23,240 --> 00:28:25,080
Speaker 4: do think that they have a time and a place

652
00:28:25,119 --> 00:28:29,480
Speaker 4: in everyone's life. But I also can see how people are,

653
00:28:30,040 --> 00:28:33,399
Speaker 4: you know, fighting against the hustle culture that we have

654
00:28:33,480 --> 00:28:35,439
Speaker 4: found ourselves to be in. Because I don't think that

655
00:28:35,480 --> 00:28:37,280
Speaker 4: you should have to hustle to be able to afford

656
00:28:37,320 --> 00:28:39,720
Speaker 4: your groceries by any means, but I do think that

657
00:28:39,840 --> 00:28:42,920
Speaker 4: it can be really helpful to catapult your your wealth.

658
00:28:43,320 --> 00:28:46,520
Speaker 4: So for me, like, if you are young, you don't

659
00:28:46,520 --> 00:28:48,040
Speaker 4: really have a lot of obligations.

660
00:28:48,640 --> 00:28:48,880
Speaker 3: You know.

661
00:28:49,040 --> 00:28:51,680
Speaker 4: I drove for Lyft for a couple of years. That

662
00:28:51,800 --> 00:28:54,480
Speaker 4: to me, like I got made so much money doing that,

663
00:28:54,560 --> 00:28:57,560
Speaker 4: and you can do it on your own schedule, so

664
00:28:57,600 --> 00:28:59,360
Speaker 4: it's not like I had to miss out on doing

665
00:28:59,360 --> 00:29:02,800
Speaker 4: fun things with friends. You know, Sunday morning, I would

666
00:29:03,160 --> 00:29:05,960
Speaker 4: like basically I was just taking people to church or

667
00:29:06,080 --> 00:29:08,200
Speaker 4: brunch and I would go do that for for a

668
00:29:08,240 --> 00:29:08,840
Speaker 4: few hours.

669
00:29:09,560 --> 00:29:11,560
Speaker 1: Yes, yeah, Well, can I tell you one thing real quick, man,

670
00:29:11,680 --> 00:29:14,160
Speaker 1: I drove one ride for Lyft and I made a

671
00:29:14,160 --> 00:29:17,120
Speaker 1: thousand bucks because they had this special sign up bonus

672
00:29:17,520 --> 00:29:20,160
Speaker 1: truly no joke, and it was like for new drivers

673
00:29:20,200 --> 00:29:22,280
Speaker 1: a thousand I swear it was only on their website

674
00:29:22,320 --> 00:29:23,000
Speaker 1: for like two hours.

675
00:29:23,000 --> 00:29:24,160
Speaker 2: But I found it was like a ghost in the

676
00:29:24,200 --> 00:29:26,280
Speaker 2: machine and grabbed that ghost by the throat.

677
00:29:26,320 --> 00:29:28,720
Speaker 1: I gave made a thousand bucks. That was my lyft

678
00:29:28,800 --> 00:29:29,320
Speaker 1: driver career.

679
00:29:29,400 --> 00:29:32,200
Speaker 4: Oh my gosh, Okay, well you win, you get cold

680
00:29:32,240 --> 00:29:35,280
Speaker 4: Star for you That is insane. I did not get

681
00:29:35,280 --> 00:29:37,280
Speaker 4: that bonus. I think mine was one hundred dollars bonus.

682
00:29:37,320 --> 00:29:40,479
Speaker 4: But no, I mean it was so easy. You know,

683
00:29:40,680 --> 00:29:43,920
Speaker 4: I live in Chicago, so Mondays after work, I would

684
00:29:43,920 --> 00:29:46,080
Speaker 4: sometimes go do two rides and it would be on

685
00:29:46,120 --> 00:29:48,600
Speaker 4: a Bears game like day, like a Monday, right and

686
00:29:49,120 --> 00:29:51,520
Speaker 4: I would go and make two hundred dollars sometimes on

687
00:29:51,720 --> 00:29:54,640
Speaker 4: just two rides. It took wow, you know, an hour

688
00:29:54,720 --> 00:29:57,720
Speaker 4: of my time. And doing things like that can be

689
00:29:58,240 --> 00:30:02,000
Speaker 4: to can just completely catapult your So wherever you live,

690
00:30:02,080 --> 00:30:05,320
Speaker 4: you know, maybe you're not living somewhere where there's Bears games,

691
00:30:05,320 --> 00:30:07,840
Speaker 4: but if you have debt, or if you're like I

692
00:30:07,920 --> 00:30:09,760
Speaker 4: just want to get ahead, I don't want to I

693
00:30:09,800 --> 00:30:11,520
Speaker 4: want to be able to go on an awesome vacation

694
00:30:12,000 --> 00:30:14,480
Speaker 4: and I know that my current financial situation isn't going

695
00:30:14,480 --> 00:30:16,719
Speaker 4: to allow. Or I just want to retire early, or

696
00:30:17,160 --> 00:30:19,000
Speaker 4: you know what, I don't need to be sitting on

697
00:30:19,040 --> 00:30:22,640
Speaker 4: my phone or watching TV. I'm just going to go

698
00:30:23,040 --> 00:30:24,880
Speaker 4: make a little extra money. I don't think there's a

699
00:30:24,920 --> 00:30:27,360
Speaker 4: problem with that. I do think there's a time and

700
00:30:27,400 --> 00:30:28,880
Speaker 4: a place. I don't think you should have to do

701
00:30:28,920 --> 00:30:30,680
Speaker 4: it forever, though, I totally agree.

702
00:30:30,720 --> 00:30:32,680
Speaker 2: And what you said earlier too about folks really like

703
00:30:32,680 --> 00:30:34,440
Speaker 2: cutting back to the bone. That might be a small

704
00:30:34,440 --> 00:30:38,160
Speaker 2: point where we disagree, because I feel like in small doses,

705
00:30:38,200 --> 00:30:40,320
Speaker 2: like where you know that there's a finish line that

706
00:30:40,400 --> 00:30:43,240
Speaker 2: the ability for that to, like you said, not only

707
00:30:43,240 --> 00:30:45,000
Speaker 2: catapul your income, but if you are able to kind

708
00:30:45,000 --> 00:30:48,440
Speaker 2: of catapult your wealth by having cut back on some expenses.

709
00:30:48,440 --> 00:30:51,360
Speaker 2: I think for some people. I think some people out

710
00:30:51,360 --> 00:30:54,680
Speaker 2: there might like really thrive off of that self flagellation.

711
00:30:55,400 --> 00:30:58,520
Speaker 1: Like I'm I'm going to feel it about their own

712
00:30:58,560 --> 00:31:01,200
Speaker 1: drill instructor. Yeah, yeah, I'm with Amanda. I don't know

713
00:31:01,240 --> 00:31:02,520
Speaker 1: if I could do that a lot very long. Oh.

714
00:31:02,560 --> 00:31:04,240
Speaker 2: I don't think I could either, But if there was

715
00:31:04,240 --> 00:31:06,080
Speaker 2: like a finish line, like if I knew that, like okay,

716
00:31:06,080 --> 00:31:09,760
Speaker 2: once I eliminate the credit card debt or once you

717
00:31:09,800 --> 00:31:11,800
Speaker 2: fill in the blank. But I guess the problem there, though,

718
00:31:12,040 --> 00:31:14,440
Speaker 2: is that you have the temptation to always move the

719
00:31:14,480 --> 00:31:17,520
Speaker 2: goal posts. And so I'm curious for you, Amanda, like,

720
00:31:17,600 --> 00:31:20,120
Speaker 2: how does your upbringing impact your relationship with money now?

721
00:31:20,480 --> 00:31:23,920
Speaker 2: Because you are certainly not in the same position where

722
00:31:23,920 --> 00:31:27,360
Speaker 2: you were five, ten, fifteen years ago, But do you

723
00:31:27,440 --> 00:31:31,920
Speaker 2: find yourself continually moving those goal posts where you say, Wow,

724
00:31:32,240 --> 00:31:34,440
Speaker 2: if I actually like zoom out and look at who

725
00:31:34,520 --> 00:31:37,720
Speaker 2: Amanda is now, you would not have believed yourself prior

726
00:31:38,280 --> 00:31:40,560
Speaker 2: to having lived it that this is maybe the position

727
00:31:40,560 --> 00:31:43,520
Speaker 2: you would find yourself in. But we can so easily

728
00:31:43,520 --> 00:31:46,120
Speaker 2: find ourselves just kind of continuing on in that sort

729
00:31:46,120 --> 00:31:48,280
Speaker 2: of rat race. Yeah, can you speak to that?

730
00:31:48,400 --> 00:31:49,080
Speaker 3: Yeah, totally.

731
00:31:49,120 --> 00:31:53,120
Speaker 4: So I think I've pinched myself probably every day because

732
00:31:53,480 --> 00:31:55,480
Speaker 4: I have been at both extremes, Like I've been at

733
00:31:55,800 --> 00:31:58,760
Speaker 4: the point where I was I like to call it

734
00:31:58,800 --> 00:32:01,960
Speaker 4: mathematical gymnastics, where I was like doing mathematical gymnastics trying

735
00:32:01,960 --> 00:32:04,000
Speaker 4: to figure out like, Okay, I know I get paid

736
00:32:04,040 --> 00:32:06,040
Speaker 4: on this day, and my cell phone bill is due,

737
00:32:06,360 --> 00:32:09,160
Speaker 4: you know, on the fifteenth, but I have until the

738
00:32:09,160 --> 00:32:11,280
Speaker 4: twentieth before they'll actually shut it off, and then my

739
00:32:11,320 --> 00:32:13,160
Speaker 4: rent will be due on the first. But I know

740
00:32:13,160 --> 00:32:15,440
Speaker 4: I'm until the fifth to pay it before, like I'll

741
00:32:15,440 --> 00:32:17,640
Speaker 4: get in trouble for that, you know, So like I've

742
00:32:17,720 --> 00:32:18,320
Speaker 4: lived that.

743
00:32:18,240 --> 00:32:21,600
Speaker 3: Life that sounds anxiety and yeah, and then I've also

744
00:32:21,640 --> 00:32:23,920
Speaker 3: lived a life where I'm like, oh my gosh, now.

745
00:32:25,520 --> 00:32:27,880
Speaker 4: I have more money than I've ever had and now

746
00:32:27,920 --> 00:32:31,000
Speaker 4: I feel now this almost feels uncomfortable, Like we all

747
00:32:31,040 --> 00:32:33,600
Speaker 4: have problems. Some problems are better than others, right, good

748
00:32:33,680 --> 00:32:35,840
Speaker 4: problem to have, but it like that used to make

749
00:32:35,880 --> 00:32:37,720
Speaker 4: me really anxious too, like WHOA, what do I even

750
00:32:37,720 --> 00:32:38,360
Speaker 4: do with all of that?

751
00:32:38,440 --> 00:32:38,719
Speaker 3: Do I?

752
00:32:39,120 --> 00:32:41,920
Speaker 4: Like, I know I should just be investing large chunks

753
00:32:41,960 --> 00:32:43,200
Speaker 4: as I have it, but like, oh my gosh, this

754
00:32:43,200 --> 00:32:48,080
Speaker 4: feels really scary. So yeah, it's weird being on both

755
00:32:48,120 --> 00:32:49,840
Speaker 4: sides because then I kind of went through a cash

756
00:32:49,880 --> 00:32:52,600
Speaker 4: hoarding phase as well, where I was holding onto like

757
00:32:52,640 --> 00:32:57,480
Speaker 4: way more cash than I needed. And it's a balance

758
00:32:57,600 --> 00:33:00,160
Speaker 4: to get away from like what you're used to you

759
00:33:00,400 --> 00:33:04,320
Speaker 4: because especially for me, because you know, I have the

760
00:33:05,080 --> 00:33:07,920
Speaker 4: full time job and then once she Wolf of Wall

761
00:33:07,920 --> 00:33:11,479
Speaker 4: Street started growing, and there would be you know, I

762
00:33:11,480 --> 00:33:14,640
Speaker 4: have a course that I sell, and you know there's

763
00:33:14,720 --> 00:33:16,560
Speaker 4: brand partnerships, which I don't do a lot of them,

764
00:33:16,560 --> 00:33:18,640
Speaker 4: but you know, every once in a while and it's like,

765
00:33:18,760 --> 00:33:20,800
Speaker 4: all of a sudden, you're just making more money than

766
00:33:20,840 --> 00:33:22,360
Speaker 4: you ever thought you could make.

767
00:33:23,200 --> 00:33:24,680
Speaker 3: It can feel scary.

768
00:33:24,640 --> 00:33:27,720
Speaker 4: Which might sound counterintuitive if you're listening to this, like, oh, yeah,

769
00:33:27,800 --> 00:33:29,680
Speaker 4: having more money is scary. No, having more money is

770
00:33:29,720 --> 00:33:33,200
Speaker 4: definitely better, but it feels scary sometimes when it just

771
00:33:33,280 --> 00:33:34,320
Speaker 4: kind of hits you all at once.

772
00:33:34,720 --> 00:33:38,600
Speaker 1: Yeah, I get that, ok Okay. So the question that

773
00:33:38,960 --> 00:33:41,360
Speaker 1: the perpetual question that gets asked in personal finance is

774
00:33:41,760 --> 00:33:45,600
Speaker 1: the relationship between money and happiness, And you're highlighting something

775
00:33:45,640 --> 00:33:48,080
Speaker 1: that actually, sometimes the more money you get, it's not

776
00:33:48,080 --> 00:33:51,480
Speaker 1: that it isn't a better problem, but it is some

777
00:33:51,560 --> 00:33:54,280
Speaker 1: form of a problem at least. How do you think

778
00:33:54,320 --> 00:33:57,480
Speaker 1: about the relationship between money and happiness as someone who

779
00:33:57,640 --> 00:34:01,600
Speaker 1: grew up having basically no more money, zero financial security.

780
00:34:01,920 --> 00:34:03,719
Speaker 1: Now you're doing quite well, You've built up a lot

781
00:34:03,720 --> 00:34:06,040
Speaker 1: of financial security. What does that look like because you've

782
00:34:06,080 --> 00:34:08,360
Speaker 1: run the gamut, you've been across both sides of that spectrum.

783
00:34:08,400 --> 00:34:10,839
Speaker 1: What does what does that relationship look like? In your mind?

784
00:34:11,120 --> 00:34:14,160
Speaker 4: Yeah, I will say having more money is definitely happier

785
00:34:14,280 --> 00:34:15,400
Speaker 4: than not having money.

786
00:34:16,800 --> 00:34:18,480
Speaker 3: Having more money, yeah, because.

787
00:34:18,320 --> 00:34:21,040
Speaker 1: What about limiting returns? Though on happiness of more money.

788
00:34:21,719 --> 00:34:23,399
Speaker 3: Having more money allows you to.

789
00:34:24,840 --> 00:34:28,680
Speaker 4: Pay to go do things that you wouldn't normally be

790
00:34:28,680 --> 00:34:31,160
Speaker 4: able to do right, Like maybe if you hate cooking,

791
00:34:31,280 --> 00:34:33,120
Speaker 4: you can hire like a personal chef, or you can

792
00:34:33,239 --> 00:34:35,279
Speaker 4: hire pre made meals if you're not going that big right,

793
00:34:35,680 --> 00:34:38,000
Speaker 4: or if you hate cleaning, you can hire a cleaner

794
00:34:38,040 --> 00:34:40,439
Speaker 4: to come and clean your house every month or week

795
00:34:40,520 --> 00:34:43,759
Speaker 4: or whatever. Having money allows you to outsource things that

796
00:34:43,800 --> 00:34:46,440
Speaker 4: you don't enjoy doing. It allows you to travel nicer,

797
00:34:46,480 --> 00:34:48,200
Speaker 4: It allows you to give money to.

798
00:34:48,239 --> 00:34:49,440
Speaker 3: Causes that are important to you.

799
00:34:50,200 --> 00:34:52,800
Speaker 4: The only time that I don't think it's worth it

800
00:34:52,840 --> 00:34:54,960
Speaker 4: is if you have to crush other people to get there.

801
00:34:55,040 --> 00:34:57,759
Speaker 4: So I don't want to, like, you know, if I have,

802
00:34:58,719 --> 00:35:00,600
Speaker 4: you know, people who are doing work for me, I'm

803
00:35:00,640 --> 00:35:02,920
Speaker 4: not going to like pay them the absolute cheapest rate

804
00:35:02,960 --> 00:35:04,400
Speaker 4: that I possibly can. I'm going to pay them what

805
00:35:04,440 --> 00:35:07,120
Speaker 4: I think is fair. So me like trying to keep

806
00:35:07,200 --> 00:35:09,480
Speaker 4: as many pennies to my name as possible isn't like

807
00:35:09,520 --> 00:35:13,200
Speaker 4: the name of the game, but it's being able to

808
00:35:13,360 --> 00:35:15,400
Speaker 4: like use them and use that money in ways that

809
00:35:15,400 --> 00:35:17,759
Speaker 4: make me feel good. And I would say I've not

810
00:35:17,800 --> 00:35:20,520
Speaker 4: reached a limit like where I'm like, Oh, I'm good forever.

811
00:35:21,320 --> 00:35:24,759
Speaker 4: I don't need any more money. Ever, I do think

812
00:35:24,800 --> 00:35:30,600
Speaker 4: that money can make you immensely happier, you know, beyond

813
00:35:30,840 --> 00:35:33,440
Speaker 4: if we're ignoring the whole Like, of course, your health

814
00:35:33,520 --> 00:35:35,640
Speaker 4: is very important, your mental health, all of those types

815
00:35:35,640 --> 00:35:37,839
Speaker 4: of things are more important than I would say wealth.

816
00:35:37,880 --> 00:35:40,959
Speaker 4: But wealth also allows you to have better health and

817
00:35:41,040 --> 00:35:43,360
Speaker 4: better mental health. It allows you to go to the

818
00:35:43,360 --> 00:35:46,000
Speaker 4: best doctors. It allows you to have a great mattress

819
00:35:46,000 --> 00:35:48,160
Speaker 4: to sleep in, It allows you to buy new shoes

820
00:35:48,239 --> 00:35:51,120
Speaker 4: and see therapists and do different types of things.

821
00:35:51,239 --> 00:35:52,600
Speaker 3: Right, money fuels all of that.

822
00:35:53,000 --> 00:35:54,800
Speaker 1: This is where I have to drop in this episode

823
00:35:54,840 --> 00:35:55,720
Speaker 1: brought to you by Casper.

824
00:35:59,000 --> 00:36:02,000
Speaker 3: That is the mattress I have actually oh to.

825
00:36:02,160 --> 00:36:05,320
Speaker 2: What's I don't know, Purple or some of those other guys.

826
00:36:05,320 --> 00:36:07,320
Speaker 2: But and like, as I hear you kind of recount

827
00:36:07,360 --> 00:36:09,440
Speaker 2: your your financial journey, like you obviously had help from

828
00:36:09,480 --> 00:36:11,440
Speaker 2: other folks, but a lot of the changes you made

829
00:36:11,480 --> 00:36:15,960
Speaker 2: were just overwhelmingly DIIY. So a little question here, like

830
00:36:15,960 --> 00:36:17,880
Speaker 2: do you think that most folks out there can just

831
00:36:17,920 --> 00:36:21,000
Speaker 2: whip their finances into shape on their own without expert help?

832
00:36:21,640 --> 00:36:21,840
Speaker 3: You know?

833
00:36:22,040 --> 00:36:26,480
Speaker 4: I think it depends on your own personality and just

834
00:36:26,680 --> 00:36:33,719
Speaker 4: kind of knowing yourself. If you are disciplined and are

835
00:36:33,719 --> 00:36:37,279
Speaker 4: able to like sift through all the stuff that's out

836
00:36:37,320 --> 00:36:41,040
Speaker 4: there and get through all the lingo, then yeah. But

837
00:36:41,120 --> 00:36:42,840
Speaker 4: I also I don't think it's bad to hire a

838
00:36:42,840 --> 00:36:45,719
Speaker 4: professional as long as you are going to have a

839
00:36:45,760 --> 00:36:47,920
Speaker 4: seat at the table as well. We've heard of stories

840
00:36:48,000 --> 00:36:51,000
Speaker 4: like Rihanna who almost went bankrupt to having a bad

841
00:36:51,000 --> 00:36:51,760
Speaker 4: financial advisor.

842
00:36:51,840 --> 00:36:51,960
Speaker 2: Right.

843
00:36:52,000 --> 00:36:53,600
Speaker 3: You hear about it with celebrities all the time.

844
00:36:53,600 --> 00:36:56,240
Speaker 4: They're hiring the best of the best, and I've seen

845
00:36:56,800 --> 00:37:01,200
Speaker 4: bad situations across even like students you know, in my community.

846
00:37:01,200 --> 00:37:04,279
Speaker 4: But I think it's okay to have a professional, but

847
00:37:04,320 --> 00:37:06,560
Speaker 4: you need to at least have a base level understanding

848
00:37:06,600 --> 00:37:08,920
Speaker 4: of your money, and I do think that most people

849
00:37:09,160 --> 00:37:10,160
Speaker 4: most people can get there.

850
00:37:10,400 --> 00:37:12,600
Speaker 1: Yeah, I think you're right. It's one of those things

851
00:37:12,600 --> 00:37:15,759
Speaker 1: where if you fully rely on somebody else, you are

852
00:37:15,800 --> 00:37:17,600
Speaker 1: liable to get taken. You have to have enough in

853
00:37:17,760 --> 00:37:20,279
Speaker 1: education to ask at least the right questions if you're

854
00:37:20,280 --> 00:37:21,640
Speaker 1: going to hire somebody to help you out. I think

855
00:37:21,640 --> 00:37:24,799
Speaker 1: that's important advice. But we've got a few more questions

856
00:37:24,840 --> 00:37:26,680
Speaker 1: we're going to get to with you, Amanda and including

857
00:37:27,080 --> 00:37:30,360
Speaker 1: we're going to talk about budgeting. But I love what

858
00:37:30,400 --> 00:37:32,440
Speaker 1: you do on your Instagram and for people who like

859
00:37:32,520 --> 00:37:35,800
Speaker 1: to kind of voyeuristically peque into other people's budgets, Amanda

860
00:37:35,800 --> 00:37:37,640
Speaker 1: does that quite well. We'll talk about that with Amanda

861
00:37:37,760 --> 00:37:46,680
Speaker 1: right after this, we are.

862
00:37:46,600 --> 00:37:49,120
Speaker 2: Back for the break talking with Amanda the she Wolf

863
00:37:49,160 --> 00:37:51,920
Speaker 2: of Wall Street and that's Wolf with an E. By

864
00:37:51,920 --> 00:37:53,840
Speaker 2: the way, that's how is that how your the handle

865
00:37:53,880 --> 00:37:54,440
Speaker 2: was available?

866
00:37:54,520 --> 00:37:54,759
Speaker 1: Yeah?

867
00:37:54,760 --> 00:37:57,000
Speaker 3: Also that's just how you saw my last exactly.

868
00:37:58,040 --> 00:38:01,880
Speaker 2: Okay, So Joel mentioned Joel mentioned budgeting, and truly some

869
00:38:01,920 --> 00:38:04,200
Speaker 2: of the favorite videos that you create are just kind

870
00:38:04,200 --> 00:38:06,239
Speaker 2: of when you kind of come through the budgets of

871
00:38:06,560 --> 00:38:09,160
Speaker 2: folks who follow you. You kind of mentioned earlier somebody

872
00:38:09,239 --> 00:38:13,040
Speaker 2: who you had had assigned. Hey, let's come back and

873
00:38:13,200 --> 00:38:14,759
Speaker 2: next time we talk, let's figure out what it is

874
00:38:14,760 --> 00:38:18,040
Speaker 2: that you're spending your money on. I'm curious in your experience, like,

875
00:38:18,040 --> 00:38:20,480
Speaker 2: what are some of the most common issues that you

876
00:38:20,520 --> 00:38:23,760
Speaker 2: see with the with the average budget, with the average

877
00:38:23,800 --> 00:38:25,600
Speaker 2: individual that comes to you for financial help.

878
00:38:25,840 --> 00:38:26,080
Speaker 1: Yeah.

879
00:38:26,120 --> 00:38:30,160
Speaker 3: I would say that it's a few things.

880
00:38:31,560 --> 00:38:34,360
Speaker 4: One like, just at face value, that people tend to

881
00:38:34,360 --> 00:38:38,279
Speaker 4: spend way too much of their take home income on

882
00:38:39,600 --> 00:38:44,520
Speaker 4: things like cars and houses. Like sometimes people are just

883
00:38:44,560 --> 00:38:47,200
Speaker 4: buying way too much house, more than they can afford,

884
00:38:47,239 --> 00:38:49,680
Speaker 4: and then it's eating up, you know, forty five percent

885
00:38:49,719 --> 00:38:51,840
Speaker 4: of their take home income. And then they also have

886
00:38:51,920 --> 00:38:54,960
Speaker 4: a car, and then they also have daycare, and then

887
00:38:55,000 --> 00:38:56,560
Speaker 4: they don't know why they have no money.

888
00:38:57,080 --> 00:38:59,080
Speaker 1: Amazing. We've made coffee out to be the culprit when

889
00:38:59,120 --> 00:39:00,400
Speaker 1: the car typically is the one.

890
00:39:00,560 --> 00:39:03,160
Speaker 4: The car, the cars, I'm like, where are you guys

891
00:39:03,160 --> 00:39:04,000
Speaker 4: getting these cars?

892
00:39:05,320 --> 00:39:07,279
Speaker 3: Yeah? The cars are.

893
00:39:07,000 --> 00:39:09,160
Speaker 4: Just some of the most mind blowing ones for me.

894
00:39:09,640 --> 00:39:11,879
Speaker 4: You know, people will spend eight hundred dollars a month

895
00:39:12,400 --> 00:39:14,319
Speaker 4: on a car, and I'm like, you need to get

896
00:39:14,320 --> 00:39:17,120
Speaker 4: a camera and my friends and then we can talk,

897
00:39:17,360 --> 00:39:18,919
Speaker 4: you know. And if cars are your thing, that's fine,

898
00:39:18,920 --> 00:39:20,840
Speaker 4: but you can't. It's just like not everything can be

899
00:39:20,880 --> 00:39:21,239
Speaker 4: your thing.

900
00:39:21,360 --> 00:39:24,239
Speaker 2: Yes, and that's a very expensive what we would call

901
00:39:24,320 --> 00:39:26,640
Speaker 2: craft beer equivalent. But like, hey, if you if you

902
00:39:26,680 --> 00:39:28,480
Speaker 2: at are a certain point in your life, if you've

903
00:39:28,520 --> 00:39:31,040
Speaker 2: got enough socked away in investments, if you make enough

904
00:39:31,080 --> 00:39:33,480
Speaker 2: every single month and you're just your cash flow is

905
00:39:33,520 --> 00:39:35,279
Speaker 2: just through the roof, so be it totally. You go

906
00:39:35,320 --> 00:39:38,920
Speaker 2: ahead and get you that you new Rivan Joel or

907
00:39:39,000 --> 00:39:41,560
Speaker 2: if I'll throw me under the bus. But man, no,

908
00:39:41,840 --> 00:39:44,200
Speaker 2: we're totally with you. Yes, some of those bigger budget

909
00:39:44,239 --> 00:39:46,720
Speaker 2: line items can completely demolish those budgets.

910
00:39:46,800 --> 00:39:48,480
Speaker 1: You mentioned cars in houses. What else do you see

911
00:39:48,480 --> 00:39:49,760
Speaker 1: when you're looking over those budgets.

912
00:39:49,760 --> 00:39:52,719
Speaker 4: Well, I think I think it's because sometimes I'll end

913
00:39:52,800 --> 00:39:55,440
Speaker 4: up going back and forth the email or chatting with

914
00:39:55,480 --> 00:39:57,880
Speaker 4: people before I actually post it to try to understand

915
00:39:57,880 --> 00:39:59,640
Speaker 4: how they got to that point, whether it's they have

916
00:39:59,719 --> 00:40:02,040
Speaker 4: debt where they just literally have no money left over.

917
00:40:02,560 --> 00:40:05,120
Speaker 4: And I think one of the other most common reasons

918
00:40:05,120 --> 00:40:07,279
Speaker 4: why people get to a point where things are not

919
00:40:07,320 --> 00:40:09,279
Speaker 4: going as well as they want is just due to

920
00:40:09,320 --> 00:40:13,359
Speaker 4: lifestyle inflation and just being you know, getting caught up

921
00:40:13,400 --> 00:40:17,120
Speaker 4: in what their you know, what their neighbors are doing

922
00:40:17,160 --> 00:40:21,400
Speaker 4: and buying. And I think that as we earn more money,

923
00:40:21,680 --> 00:40:24,919
Speaker 4: it's okay to spend more money, but don't spend all

924
00:40:24,960 --> 00:40:27,520
Speaker 4: of the more money. Right, So, if you get a

925
00:40:28,040 --> 00:40:32,480
Speaker 4: ten percent raise this year, don't increase your expenses by

926
00:40:32,480 --> 00:40:36,399
Speaker 4: ten percent. We let's you know, increase them by three

927
00:40:36,440 --> 00:40:39,879
Speaker 4: percent or even five percent. But the more we spend

928
00:40:39,920 --> 00:40:41,319
Speaker 4: over the years, the more we're going to need in

929
00:40:41,360 --> 00:40:43,120
Speaker 4: retirement later, and the more we're going to need in

930
00:40:43,120 --> 00:40:45,719
Speaker 4: our savings to cover for some of those things, and

931
00:40:45,760 --> 00:40:48,640
Speaker 4: so all of that adds up. So I'm totally like,

932
00:40:48,960 --> 00:40:51,160
Speaker 4: if you get a raise, great, what is a nice

933
00:40:51,200 --> 00:40:54,000
Speaker 4: little treat you've been wanting for yourself. But let's go

934
00:40:54,000 --> 00:40:56,000
Speaker 4: ahead and try to rein it in and keep it

935
00:40:56,680 --> 00:41:00,000
Speaker 4: realistic so that it doesn't just turn into a big,

936
00:41:00,360 --> 00:41:02,520
Speaker 4: you know, spiral where we can't afford.

937
00:41:02,280 --> 00:41:03,000
Speaker 3: Our life anymore.

938
00:41:03,200 --> 00:41:05,759
Speaker 2: Yes, no, aman to bring the bringing the balance to

939
00:41:05,760 --> 00:41:06,959
Speaker 2: the conversation which we're we're.

940
00:41:06,880 --> 00:41:11,359
Speaker 1: Your your sister, I say, Okay, I'm curious, we talked

941
00:41:11,400 --> 00:41:15,040
Speaker 1: about budgeting. You're listeners, you're you're the people who follow you.

942
00:41:15,080 --> 00:41:17,239
Speaker 1: Are they know about budgeting because you talk about it

943
00:41:17,239 --> 00:41:19,960
Speaker 1: consistently and you go through other people's budgets, which is

944
00:41:20,000 --> 00:41:22,160
Speaker 1: a really helpful thing. So how are other people spend Oh,

945
00:41:22,160 --> 00:41:23,719
Speaker 1: they make one hundred thousand dollars and they spend this

946
00:41:23,760 --> 00:41:25,560
Speaker 1: and such, and this is how much they have left over.

947
00:41:25,800 --> 00:41:28,080
Speaker 1: That's a really helpful thing to see because I think

948
00:41:28,120 --> 00:41:29,839
Speaker 1: so much of the time we don't know what other

949
00:41:29,840 --> 00:41:31,399
Speaker 1: people are doing with their money, and so we don't

950
00:41:31,400 --> 00:41:34,200
Speaker 1: know what to do with ours. But for people who

951
00:41:34,200 --> 00:41:37,040
Speaker 1: are saying, listen, budgets, budgeting is a four letter word.

952
00:41:37,239 --> 00:41:38,920
Speaker 1: Don't want to do it, not going to spend the

953
00:41:38,960 --> 00:41:41,759
Speaker 1: time it's going. We talked about the fear factor. How

954
00:41:41,800 --> 00:41:44,720
Speaker 1: important is budgeting and how would you maybe coke somebody

955
00:41:44,760 --> 00:41:47,400
Speaker 1: into doing it and help the encourage them to get

956
00:41:47,440 --> 00:41:48,720
Speaker 1: over kind of that aversion.

957
00:41:48,960 --> 00:41:52,359
Speaker 4: Yeah, so I would say you have to get over

958
00:41:52,400 --> 00:41:56,239
Speaker 4: the aversion if you want to feel financially secure. Ever,

959
00:41:56,480 --> 00:41:59,400
Speaker 4: because we tend to build up unknown stuff to be

960
00:41:59,440 --> 00:42:03,239
Speaker 4: really big and bad, and a lot of times, you know,

961
00:42:03,320 --> 00:42:07,759
Speaker 4: somebody will be super anxious about their situation and we'll

962
00:42:07,760 --> 00:42:10,040
Speaker 4: look at it and then they realize, oh, it's not

963
00:42:10,080 --> 00:42:13,640
Speaker 4: actually that bad, Like, yeah, I have debt, but actually

964
00:42:13,680 --> 00:42:15,440
Speaker 4: I have more in savings than I needed, but I

965
00:42:15,480 --> 00:42:16,880
Speaker 4: was afraid to get rid of my cash so I

966
00:42:16,880 --> 00:42:18,800
Speaker 4: can pay it off. Or you know what, with just

967
00:42:18,920 --> 00:42:20,400
Speaker 4: a little bit of discipline, I could be done with

968
00:42:20,440 --> 00:42:22,399
Speaker 4: this debt in six months, or I could be debt

969
00:42:22,400 --> 00:42:25,200
Speaker 4: free by Christmas, or you know whatever. I think we

970
00:42:25,640 --> 00:42:28,360
Speaker 4: tend to make it like a bigger deal in our

971
00:42:28,400 --> 00:42:29,640
Speaker 4: head when we don't know what's going on.

972
00:42:30,320 --> 00:42:33,000
Speaker 3: So sitting down facing the music is.

973
00:42:32,960 --> 00:42:36,759
Speaker 4: Going to be really important, but also being like the

974
00:42:36,920 --> 00:42:41,080
Speaker 4: to sit down and see what you're spending. That initial

975
00:42:41,120 --> 00:42:44,040
Speaker 4: activity is the biggest one. You don't really need to

976
00:42:44,120 --> 00:42:47,360
Speaker 4: dig in deep every single month forever, in my opinion,

977
00:42:47,760 --> 00:42:50,640
Speaker 4: unless things start falling off you know, the rails again.

978
00:42:50,719 --> 00:42:53,400
Speaker 3: So for me, I like to call it like the

979
00:42:53,440 --> 00:42:57,040
Speaker 3: no budget budget, where I basically have I have two accounts.

980
00:42:57,640 --> 00:43:00,439
Speaker 4: All of my bills that I already know how much

981
00:43:00,480 --> 00:43:02,160
Speaker 4: they cost because they're pretty much the same every month

982
00:43:02,200 --> 00:43:02,960
Speaker 4: come out of one account.

983
00:43:03,000 --> 00:43:03,359
Speaker 3: The other one.

984
00:43:03,400 --> 00:43:07,080
Speaker 4: I call it like my swipeable account. So as long

985
00:43:07,120 --> 00:43:10,360
Speaker 4: as that swipeable account doesn't meet my floor, you know,

986
00:43:10,400 --> 00:43:12,160
Speaker 4: because you don't want to have zero dollars in it,

987
00:43:12,280 --> 00:43:14,399
Speaker 4: you don't want to overdraw it. But like let's say

988
00:43:14,440 --> 00:43:16,400
Speaker 4: you have a floor of two hundred dollars. If you

989
00:43:16,440 --> 00:43:18,520
Speaker 4: know that, if it dips below two hundred dollars, you

990
00:43:18,560 --> 00:43:21,000
Speaker 4: overspend that month on your swipeable stuff. If it's above it,

991
00:43:21,080 --> 00:43:22,800
Speaker 4: then that means you have a little extra and you

992
00:43:22,840 --> 00:43:25,080
Speaker 4: can put it towards something else. So you know, I

993
00:43:25,160 --> 00:43:28,000
Speaker 4: use that account for a gas, for shopping for groceries,

994
00:43:28,600 --> 00:43:31,840
Speaker 4: for all the all the stuff I'm just swiping throughout

995
00:43:31,840 --> 00:43:33,920
Speaker 4: the month. So that way, like, if I want to

996
00:43:35,040 --> 00:43:38,360
Speaker 4: go out to more dinners this month, then I just

997
00:43:38,440 --> 00:43:41,120
Speaker 4: need to cut somewhere else, whether that's spending less on

998
00:43:41,160 --> 00:43:43,680
Speaker 4: groceries and I need to get a little more creative.

999
00:43:43,719 --> 00:43:45,560
Speaker 4: Maybe I go to two grocery stores this month, I

1000
00:43:45,560 --> 00:43:47,279
Speaker 4: got a Trader Joe's for my veggies, and I go

1001
00:43:47,360 --> 00:43:49,640
Speaker 4: to you know, aldi form met or whatever. You can

1002
00:43:49,719 --> 00:43:52,200
Speaker 4: kind of manipulate it that way. I don't think you

1003
00:43:52,280 --> 00:43:54,600
Speaker 4: have to neurotically track every dollar forever, So I would

1004
00:43:54,600 --> 00:43:58,600
Speaker 4: say just know that the if you're feeling really scared

1005
00:43:58,680 --> 00:44:01,560
Speaker 4: or overwhelmed, starting like that first step is the hardest.

1006
00:44:01,680 --> 00:44:03,200
Speaker 4: You're not going to have to go and track the

1007
00:44:03,239 --> 00:44:05,480
Speaker 4: last three months every single month. You're going to just

1008
00:44:05,520 --> 00:44:07,280
Speaker 4: it's that first activity that's the hardest.

1009
00:44:07,560 --> 00:44:09,359
Speaker 1: Yeah. How do you think about some of the new

1010
00:44:09,400 --> 00:44:12,360
Speaker 1: fangled fintech products and how they're impacting people's finance. It's like,

1011
00:44:12,360 --> 00:44:14,800
Speaker 1: I'm thinking of the apps that allow you access to

1012
00:44:14,840 --> 00:44:18,520
Speaker 1: your paycheck early or buy now pay later, which, hey,

1013
00:44:18,560 --> 00:44:21,640
Speaker 1: that guess what, people have eighteen of those going on,

1014
00:44:22,000 --> 00:44:23,680
Speaker 1: and so they don't actually see the money come out

1015
00:44:23,719 --> 00:44:26,719
Speaker 1: of their account instantly. How's that impacting people's budgets and

1016
00:44:26,760 --> 00:44:27,960
Speaker 1: ability to get ahead with money.

1017
00:44:28,040 --> 00:44:31,720
Speaker 4: Yeah, so I would say the getting your paycheck early,

1018
00:44:31,760 --> 00:44:34,839
Speaker 4: I mean that's dangerous because we never want to count

1019
00:44:34,920 --> 00:44:38,040
Speaker 4: money we don't have yet, So it's almost like you're

1020
00:44:38,440 --> 00:44:41,240
Speaker 4: taking a loan from yourself from the future. I feel

1021
00:44:41,239 --> 00:44:44,040
Speaker 4: like when with those types of apps and then the

1022
00:44:44,080 --> 00:44:46,480
Speaker 4: buy now, pay later, I just I really feel like,

1023
00:44:46,520 --> 00:44:48,719
Speaker 4: if you have to finance a pair of genes, you

1024
00:44:49,320 --> 00:44:53,160
Speaker 4: should go to the Salvation Army because you can't afford them.

1025
00:44:53,200 --> 00:44:56,200
Speaker 4: My friend, if you have to break a payment up

1026
00:44:56,239 --> 00:45:00,839
Speaker 4: for a piece of clothing that isn't so critical, then

1027
00:45:00,880 --> 00:45:03,240
Speaker 4: I think, you know, that's a that's a bigger problem

1028
00:45:03,400 --> 00:45:05,640
Speaker 4: because it's not it's not a winter coat or like

1029
00:45:05,680 --> 00:45:07,759
Speaker 4: you're not gonna, you know, freeze to death, like if

1030
00:45:07,800 --> 00:45:10,520
Speaker 4: it's a pair of designer jeans or a leather jacket

1031
00:45:10,640 --> 00:45:14,279
Speaker 4: or just something that's I yeah, I just I think

1032
00:45:14,320 --> 00:45:16,160
Speaker 4: that it's doing a disservice to a lot of people.

1033
00:45:16,760 --> 00:45:19,359
Speaker 2: Yeah, we really like your approach, Amanda, makes a whole

1034
00:45:19,360 --> 00:45:20,960
Speaker 2: lot of sense, and it's certainly how we try to

1035
00:45:21,000 --> 00:45:23,200
Speaker 2: approach personal finances as well. But where can folks learn

1036
00:45:23,239 --> 00:45:25,120
Speaker 2: more about you? Where can they follow you?

1037
00:45:25,320 --> 00:45:28,800
Speaker 4: Especially as well, yeah, so Instagram, I would say, is

1038
00:45:28,840 --> 00:45:31,000
Speaker 4: my main social media platform, so she Wolf of Wall

1039
00:45:31,000 --> 00:45:34,000
Speaker 4: Street and that's Wolf with an E, or my website,

1040
00:45:34,040 --> 00:45:39,040
Speaker 4: She Wolfelwallstreet dot com. I have lots of free like resources, trackers,

1041
00:45:39,080 --> 00:45:40,359
Speaker 4: things like that, so go.

1042
00:45:40,400 --> 00:45:40,839
Speaker 3: Check it out.

1043
00:45:41,239 --> 00:45:43,719
Speaker 1: Awesome. Yeah, we'll link to all that stuff as well

1044
00:45:43,719 --> 00:45:46,040
Speaker 1: in the show notes up on our website. Amanda. We

1045
00:45:46,080 --> 00:45:47,919
Speaker 1: so appreciate you taking the time to join us today.

1046
00:45:47,920 --> 00:45:48,600
Speaker 1: Thank you very much.

1047
00:45:48,719 --> 00:45:51,319
Speaker 3: Yeah, thanks for having me. I've had a lot of fun, Joel.

1048
00:45:51,320 --> 00:45:54,920
Speaker 2: That was a fun conversation to speak with Amanda aka

1049
00:45:55,040 --> 00:45:57,319
Speaker 2: She Wolf of Wall Street. You know, she was talking

1050
00:45:57,400 --> 00:46:00,840
Speaker 2: about breaking up payments on a pera gan. She actually

1051
00:46:01,120 --> 00:46:04,200
Speaker 2: a somewhat recent post she kind of broke down the

1052
00:46:04,239 --> 00:46:07,520
Speaker 2: difference between spending a ton of money on nicer items

1053
00:46:07,520 --> 00:46:10,400
Speaker 2: for ye, like the affordable option and kind of where

1054
00:46:10,640 --> 00:46:13,200
Speaker 2: you would land financially based on the number of wares

1055
00:46:13,640 --> 00:46:15,320
Speaker 2: that you get out of, like a cheap pair of

1056
00:46:15,360 --> 00:46:18,479
Speaker 2: jeans versus the primo jeans that you might wear for years.

1057
00:46:18,480 --> 00:46:20,319
Speaker 2: I would actually maybe maybe we'll link to that in

1058
00:46:20,320 --> 00:46:22,839
Speaker 2: the show notes. That was a really great social media

1059
00:46:22,880 --> 00:46:24,400
Speaker 2: graphic that she threw up there on Instagram.

1060
00:46:24,440 --> 00:46:26,960
Speaker 1: Something we talk about too buying it once as opposed

1061
00:46:27,040 --> 00:46:30,319
Speaker 1: to buying it five times. Because you bought the cheap thing,

1062
00:46:30,400 --> 00:46:32,120
Speaker 1: it didn't last, so we didn't even get to that.

1063
00:46:32,160 --> 00:46:34,560
Speaker 1: We're not all about the least expensive thing possible that

1064
00:46:35,600 --> 00:46:36,160
Speaker 1: would be cheap.

1065
00:46:36,160 --> 00:46:38,040
Speaker 2: But yeah, did you have a big takeaway from our

1066
00:46:38,080 --> 00:46:38,840
Speaker 2: conversation today?

1067
00:46:38,920 --> 00:46:41,799
Speaker 1: So many? I mean, Amanda's story is so inspiring, is good,

1068
00:46:41,840 --> 00:46:44,880
Speaker 1: but she's also just loaded with such great information because

1069
00:46:45,080 --> 00:46:47,120
Speaker 1: she's done the hard work over a bunch of years

1070
00:46:47,160 --> 00:46:49,640
Speaker 1: to learn this stuff, to master it, to the fact

1071
00:46:49,640 --> 00:46:51,759
Speaker 1: that she can teach hundreds of thousands of people. So

1072
00:46:52,000 --> 00:46:54,440
Speaker 1: have so much respect for her and Matt thanks to

1073
00:46:54,520 --> 00:46:56,359
Speaker 1: Amanda for coming on the show. I think my big

1074
00:46:56,400 --> 00:46:59,080
Speaker 1: takeaway was when she said, we tell ourselves that things

1075
00:46:59,120 --> 00:47:01,719
Speaker 1: make us happy, go without it for a minute, give

1076
00:47:01,760 --> 00:47:03,719
Speaker 1: it a shot and see if it actually does. And

1077
00:47:03,760 --> 00:47:06,600
Speaker 1: I think that's great advice because there are things that

1078
00:47:06,600 --> 00:47:10,319
Speaker 1: I've said will not make me happy just without trying it.

1079
00:47:10,680 --> 00:47:12,399
Speaker 1: And then I realized after giving it a shot, wait

1080
00:47:12,400 --> 00:47:14,080
Speaker 1: a second, that was actually it was good for me.

1081
00:47:14,120 --> 00:47:15,759
Speaker 1: I actually kind of liked it or vice versa.

1082
00:47:15,960 --> 00:47:17,799
Speaker 2: Is this an argument for spending more money, Joel, It's

1083
00:47:17,800 --> 00:47:18,960
Speaker 2: just to be like, I need more things in.

1084
00:47:18,920 --> 00:47:22,040
Speaker 1: My life that provide No, I'm talking about give me joy,

1085
00:47:22,120 --> 00:47:25,239
Speaker 1: specifically about like some physical activity where I was like,

1086
00:47:25,239 --> 00:47:27,839
Speaker 1: I'd rather sit there watch watch my favorite show because

1087
00:47:27,840 --> 00:47:29,560
Speaker 1: that's more enjoyable, And yes, it is more enjoyable in

1088
00:47:29,560 --> 00:47:31,439
Speaker 1: the moment, but it's not more enjoyable in the long term.

1089
00:47:31,480 --> 00:47:34,880
Speaker 1: There you go, and so, uh, there's just a good idea.

1090
00:47:35,000 --> 00:47:36,720
Speaker 1: Test it out, see whether or not it is actually

1091
00:47:36,719 --> 00:47:38,680
Speaker 1: a craft beer equivalent, and if it's not, if it's

1092
00:47:38,719 --> 00:47:40,080
Speaker 1: not moving the needle in the way you think, maybe

1093
00:47:40,239 --> 00:47:42,920
Speaker 1: the daily coffee habit. I don't want to go back

1094
00:47:42,920 --> 00:47:44,640
Speaker 1: to coffee, but I'm just going to for a second,

1095
00:47:44,880 --> 00:47:46,880
Speaker 1: because coffee is not the problem for most people. But

1096
00:47:46,920 --> 00:47:51,600
Speaker 1: if you're doing that knee jerk robotically and you're like

1097
00:47:51,800 --> 00:47:53,400
Speaker 1: that that's the best part of my day, maybe it is,

1098
00:47:53,440 --> 00:47:55,000
Speaker 1: but maybe it's not. Try try cutting it out for

1099
00:47:55,040 --> 00:47:56,480
Speaker 1: a week and making it home and see if it is.

1100
00:47:56,600 --> 00:47:58,160
Speaker 2: So great is that you can just give it a

1101
00:47:58,160 --> 00:48:00,160
Speaker 2: shot and you know what, if you find that you

1102
00:48:00,200 --> 00:48:02,200
Speaker 2: really miss it, you can go back to doing that. Yeah,

1103
00:48:02,200 --> 00:48:04,080
Speaker 2: but I trial and error, baby, But Okay, that's not

1104
00:48:04,160 --> 00:48:06,520
Speaker 2: my big takeaway though, mine will be when we're kind

1105
00:48:06,560 --> 00:48:09,080
Speaker 2: of when we were talking about goal setting, and she said,

1106
00:48:09,400 --> 00:48:11,480
Speaker 2: depending on who you are, maybe you are the kind

1107
00:48:11,520 --> 00:48:14,520
Speaker 2: of person that wants to She said the word mind numbing,

1108
00:48:14,560 --> 00:48:16,400
Speaker 2: which is what kind of got me thinking down this,

1109
00:48:16,480 --> 00:48:18,400
Speaker 2: and she talked about how like you can do the

1110
00:48:18,400 --> 00:48:22,000
Speaker 2: mind numbing number crunching, or you can maybe focus on

1111
00:48:22,040 --> 00:48:23,920
Speaker 2: the thing that lights you up. I think maybe she

1112
00:48:24,000 --> 00:48:27,160
Speaker 2: referenced like a trip to Barcelona or something like that,

1113
00:48:27,440 --> 00:48:29,400
Speaker 2: which maybe think there are two ways that you can

1114
00:48:29,440 --> 00:48:31,440
Speaker 2: approach it. You can go with the head or you

1115
00:48:31,440 --> 00:48:33,120
Speaker 2: can go with the heart. And I feel like the

1116
00:48:33,160 --> 00:48:36,239
Speaker 2: head approach is like thinking analytical and how it is

1117
00:48:36,520 --> 00:48:38,799
Speaker 2: how can I make some of these small tweaks to

1118
00:48:38,800 --> 00:48:42,040
Speaker 2: my money now in order to achieve whatever end goal

1119
00:48:42,239 --> 00:48:43,960
Speaker 2: might be out there. Because I think that's great for

1120
00:48:44,000 --> 00:48:45,799
Speaker 2: a lot of folks who don't necessarily have some big

1121
00:48:45,840 --> 00:48:49,040
Speaker 2: life goals yet. But if you have some massive goals

1122
00:48:49,040 --> 00:48:50,960
Speaker 2: that you're trying to achieve, if you have something that

1123
00:48:51,040 --> 00:48:53,120
Speaker 2: really lights you up from the inside, that like from

1124
00:48:53,160 --> 00:48:55,840
Speaker 2: the soul, from the heart, don't ignore those things, right, Like,

1125
00:48:55,880 --> 00:48:57,480
Speaker 2: I don't want people to hear this and think, well,

1126
00:48:57,520 --> 00:48:59,040
Speaker 2: I need to sit down and start tracking all of

1127
00:48:59,040 --> 00:49:01,640
Speaker 2: my expenses, like we're we were just talking about. I

1128
00:49:01,640 --> 00:49:03,360
Speaker 2: think instead what they can do is print out a

1129
00:49:03,400 --> 00:49:04,960
Speaker 2: picture of the affle tier or whatever it is, like

1130
00:49:04,960 --> 00:49:06,480
Speaker 2: if you were planning to go to the Olympics over

1131
00:49:06,480 --> 00:49:08,600
Speaker 2: the summer, right like, but put that goal or you

1132
00:49:08,640 --> 00:49:11,680
Speaker 2: missed it front and center, like, make sure it's forefront

1133
00:49:11,680 --> 00:49:14,439
Speaker 2: in your mind, because that can then inspire all sorts

1134
00:49:14,480 --> 00:49:17,000
Speaker 2: of changes downstream. It doesn't have to look like one

1135
00:49:17,000 --> 00:49:18,880
Speaker 2: size fits all. And I like that sheet in a

1136
00:49:18,880 --> 00:49:22,920
Speaker 2: way highlighted that you can take the discipline sort of systematic,

1137
00:49:23,160 --> 00:49:25,919
Speaker 2: dogmatic approach, or you can be a little more loosey

1138
00:49:25,960 --> 00:49:28,359
Speaker 2: goosey with it and kind of just throw yourself after

1139
00:49:28,400 --> 00:49:30,480
Speaker 2: whatever this goal might be that you're trying to achieve.

1140
00:49:30,520 --> 00:49:32,319
Speaker 1: Yeah so yeah, no, I like that too. You can

1141
00:49:32,360 --> 00:49:34,480
Speaker 1: go one of two ways, and really it's up to you,

1142
00:49:34,800 --> 00:49:36,840
Speaker 1: and it just a quick plug for the how to

1143
00:49:36,880 --> 00:49:39,120
Speaker 1: Money Money Mission statement. Will put a link to it

1144
00:49:39,160 --> 00:49:42,080
Speaker 1: in the show notes where you can go through a

1145
00:49:42,080 --> 00:49:43,959
Speaker 1: few questions that Matt and I have kind of laid

1146
00:49:43,960 --> 00:49:46,000
Speaker 1: out some prompts to kind of figure out, well, what

1147
00:49:46,320 --> 00:49:48,440
Speaker 1: is it that where can I funnel my money that's

1148
00:49:48,480 --> 00:49:51,520
Speaker 1: potentially going to produce the best ROI in my life.

1149
00:49:51,560 --> 00:49:53,120
Speaker 1: I think that's a really good question to ask, and

1150
00:49:53,160 --> 00:49:55,399
Speaker 1: often it's hard. That's a really hard question to ask

1151
00:49:55,440 --> 00:49:56,880
Speaker 1: on its face. But if you ask some of the

1152
00:49:56,920 --> 00:49:59,040
Speaker 1: smaller questions underneath that question, you can get to the

1153
00:49:59,120 --> 00:50:01,200
Speaker 1: root of it, and then it can it can be enlightening,

1154
00:50:01,440 --> 00:50:04,520
Speaker 1: and it can help you make other changes to then

1155
00:50:04,760 --> 00:50:07,200
Speaker 1: make more progress towards the things you actually care about,

1156
00:50:07,360 --> 00:50:09,280
Speaker 1: and not just spending money on some of the junk

1157
00:50:09,320 --> 00:50:11,480
Speaker 1: that we, you know, knee jerk spend money on.

1158
00:50:11,560 --> 00:50:13,520
Speaker 2: I totally agree. Man. All right, let's get back to

1159
00:50:13,560 --> 00:50:16,279
Speaker 2: our beer. This one was called Enduring Belief. This is

1160
00:50:16,320 --> 00:50:19,879
Speaker 2: a Rye lagger by Treehouse Brewing Company, sent to us

1161
00:50:19,880 --> 00:50:22,640
Speaker 2: by Michael. Michael, thank you so much for sending this

1162
00:50:22,680 --> 00:50:24,840
Speaker 2: plus others our way, Joel, what your thoughts.

1163
00:50:24,920 --> 00:50:27,640
Speaker 1: Yeah, we really appreciate, Yes we do, Michael. Good beer

1164
00:50:27,680 --> 00:50:31,400
Speaker 1: and Treehouse is great beer. So thank you Michael. This

1165
00:50:31,400 --> 00:50:34,760
Speaker 1: this beer, Matt really good. It was in Rye Laggers

1166
00:50:35,000 --> 00:50:36,880
Speaker 1: typically sound kind of boring to me. This one was

1167
00:50:37,120 --> 00:50:39,040
Speaker 1: not boring at all. So good, so good, So I

1168
00:50:39,200 --> 00:50:42,040
Speaker 1: really enjoying this. We had those rye spices, those notes, right.

1169
00:50:42,080 --> 00:50:44,520
Speaker 1: It was a little multy and bready. It was also

1170
00:50:44,600 --> 00:50:47,360
Speaker 1: incredibly balanced, like you have some some nice little hops

1171
00:50:47,360 --> 00:50:49,719
Speaker 1: coming through too, like this was this was a really

1172
00:50:49,760 --> 00:50:50,160
Speaker 1: good beer.

1173
00:50:50,239 --> 00:50:52,040
Speaker 2: Yeah, there's just a lot more flavor in a Rye

1174
00:50:52,080 --> 00:50:54,920
Speaker 2: lagger versus kind of like your standard lagger. And it

1175
00:50:55,080 --> 00:50:57,799
Speaker 2: just made this a I don't know the combination of

1176
00:50:57,800 --> 00:51:00,640
Speaker 2: our conversation with Amanda plus this beer and here at

1177
00:51:00,680 --> 00:51:02,480
Speaker 2: our desk doing what we get to do, like I'm

1178
00:51:02,480 --> 00:51:05,959
Speaker 2: in my happy zone right here. This is awesome. Also,

1179
00:51:06,040 --> 00:51:08,000
Speaker 2: like the name of the beer, and during belief sounds

1180
00:51:08,000 --> 00:51:10,040
Speaker 2: like something from like a constitution, like we have this,

1181
00:51:10,320 --> 00:51:12,880
Speaker 2: we hold fast to this enduring belief of I don't know,

1182
00:51:12,880 --> 00:51:13,279
Speaker 2: you feel in.

1183
00:51:13,280 --> 00:51:14,720
Speaker 1: The blank you sound like Alexander Hamilton.

1184
00:51:15,440 --> 00:51:17,480
Speaker 2: But uh, glad, you know. I got to enjoy this

1185
00:51:17,480 --> 00:51:17,839
Speaker 2: one today.

1186
00:51:17,840 --> 00:51:19,839
Speaker 1: But I have an enduring belief. But everyone out there

1187
00:51:19,840 --> 00:51:22,000
Speaker 1: listening can make changes to their money. And I think

1188
00:51:22,040 --> 00:51:23,520
Speaker 1: if if Amanda, well.

1189
00:51:23,440 --> 00:51:25,880
Speaker 2: I'm glad this wasn't an immediate plug for reviewing how

1190
00:51:25,920 --> 00:51:26,680
Speaker 2: to Buddy podcast.

1191
00:51:26,719 --> 00:51:28,600
Speaker 1: You know, I think, Amanda, this is where I thought

1192
00:51:28,600 --> 00:51:32,040
Speaker 1: you were going. Incredible example of people who can come

1193
00:51:32,080 --> 00:51:36,360
Speaker 1: from hardship still and overcome it and crush it so

1194
00:51:36,440 --> 00:51:38,239
Speaker 1: glad we were able to talk to her today. And

1195
00:51:38,320 --> 00:51:39,800
Speaker 1: if you want the show notes links to some of

1196
00:51:39,840 --> 00:51:41,359
Speaker 1: the stuff we mentioned, we'll have those up on our

1197
00:51:41,400 --> 00:51:43,719
Speaker 1: website at howtomoney dot com. And yes, of course, like

1198
00:51:43,719 --> 00:51:45,920
Speaker 1: Bat mentioned, leave a review for the podcast if you

1199
00:51:45,960 --> 00:51:46,560
Speaker 1: have it already.

1200
00:51:46,600 --> 00:51:46,920
Speaker 2: Why not?

1201
00:51:47,120 --> 00:51:49,480
Speaker 1: Yeah, I don't believe they allowed twenty six stars yet,

1202
00:51:49,520 --> 00:51:51,759
Speaker 1: but five stars will suffice. So thank you Advanced for

1203
00:51:51,800 --> 00:51:53,520
Speaker 1: doing that. Matt. That's going to do it for this one.

1204
00:51:53,600 --> 00:52:07,680
Speaker 1: Until next time, Best friends Out and best Friends Out.