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Speaker 1: Welcome to had the Money. I'm Joel, I'm Matt, and

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Speaker 1: today we're celebrating your money wins.

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Speaker 2: Waiting, are you not going to call this the financial Festivus?

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Speaker 2: That's what we've called it in years past. It's got

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Speaker 2: a nice ring to it. You love alliteration, financial festivus?

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Speaker 2: Should I change the title the episode back to financials?

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Speaker 2: I didn't think that through. Well, all right, you know

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Speaker 2: this makes me think of what have I told you

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Speaker 2: the story about I was going to start singing celebration

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Speaker 2: by Cool in the game. Did I tell you the story?

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Speaker 2: How back in the day when I worked at the

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Speaker 2: Adding Advertising agency, that when it was someone's birthday and

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Speaker 2: we had like a company lunch, that I would on

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Speaker 2: the office phone. I would hit the PA button and

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Speaker 2: I would play cool in the gag to signify that

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Speaker 2: it was time for us to party. Here you go,

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Speaker 2: but you gotta have a cue. I was the My

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Speaker 2: office was the closest one to the kitchen, so I

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Speaker 2: could see when the cake would show up and the

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Speaker 2: sandwiches from Jason's Deli witch up as well. And uh yeah,

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Speaker 2: maybe that's why I'm not there anymore. Because I thought

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Speaker 2: it was a ton of fun, but maybe everyone else didn't.

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Speaker 2: They're like, man, I was so annoying. I'm glad he's gone.

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Speaker 2: It's like, dude, I was on a call that started

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Speaker 2: blasting through the phone. Oh man.

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Speaker 1: It reminds me of actually one of my first my

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Speaker 1: first job in radio in the morning newsroom, the.

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Speaker 2: Samuel Jackson Staks on.

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Speaker 1: A Plane movie came out, and I would play that

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Speaker 1: clip out loud in the newsroom like at like, you know,

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Speaker 1: six am, because we're there super early, just to like

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Speaker 1: get you all laughed, to get the juice flowing, you know.

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Speaker 2: And they laughed. But I got imagine probably by like

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Speaker 2: the twelfth time I did it, they were like, yeah,

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Speaker 2: that's that's enough. That's yeah. I could totally see myself

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Speaker 2: there in the newsroom with you cracking up enjoyed it.

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Speaker 2: But also other folks, because I think if I were

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Speaker 2: in an environment where somebody was doing that now, I'd

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Speaker 2: be like, come on, man, just like I know, I'm

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Speaker 2: a gradual old man. Now let's just like get on

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Speaker 2: with him. Probably he's twenty one. We'll forgive him. But

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Speaker 2: this is our financial festivus. This is how we celebrate

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Speaker 2: money wins, and in part we do this because we

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Speaker 2: are oftentimes in such a stink and hurry, like we

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Speaker 2: go from one checkbox you know, on our to do

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Speaker 2: list to the next, oftentimes without even acknowledging that, like

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Speaker 2: we were able to accomplish something, right, without acknowledging the

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Speaker 2: fact that there are hurdles or sacrifices that we overcame

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Speaker 2: in order to achieve whatever goal it was that we're

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Speaker 2: seeking after.

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Speaker 1: It's so important to recognize to name it because when

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Speaker 1: you name it, you're able to enjoy the fruits of

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Speaker 1: your labor instead of just immediately moving on to the

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Speaker 1: next thing, which is such an American way of life, right.

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Speaker 2: Yeah, absolutely, And so we want to share these because

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Speaker 2: hopefully it comes across as encouraging to you listeners out

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Speaker 2: there obviously. I mean we talk through the different scenarios

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Speaker 2: that listeners find themselves in and try to provide feedback,

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Speaker 2: but oftentimes we don't hear Again, what's on the tail

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Speaker 2: end of that.

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Speaker 1: Yeah, the result of all it's hard to work and

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Speaker 1: usually the problem never the finale, like things wrapped up.

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Speaker 1: So this is fun to do, I think. The other

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Speaker 1: hopefully it's encouraging.

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Speaker 2: Yeah.

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Speaker 1: The other reason we do this is sort of an

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Speaker 1: encouragement and maybe you haven't even thought about making this

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Speaker 1: a goal something that somebody else has just succeeded in

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Speaker 1: and you're like, wait a second, now this is motivating

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Speaker 1: me to create loftier.

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Speaker 2: Goals for myself. It's right, or you're able.

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Speaker 1: To say, oh, that's cool, man, I similarly accomplished this

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Speaker 1: thing three years ago.

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Speaker 2: But look where I am now. It reminds you.

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Speaker 1: Of a previous financial accomplishment you've had totally, and yeah,

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Speaker 1: this whole thing, I think it's a virtuous cycle. Hopefully,

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Speaker 1: Matt that sharing these listener money wins it's encouraging to me.

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Speaker 1: It's fun to see what the how to money community

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Speaker 1: is doing totally.

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Speaker 2: But yeah, do you want to.

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Speaker 1: Start off and we'll share maybe our money wins for.

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Speaker 2: Ye some quick how to money host listeners. Sure no,

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Speaker 2: not listener wins money wins. So I was thinking and

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Speaker 2: for us, the biggest thing that we've done this year, man,

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Speaker 2: that's I guess different from all previous years was the

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Speaker 2: fact that we didn't invest a single dollar this year,

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Speaker 2: which I think a lot we correct corrected.

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Speaker 1: I do you remember it was from our business we did,

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Speaker 1: but you as an individal still investing.

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Speaker 2: Okay, so specifically have not invested within a personal IRA. Yeah,

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Speaker 2: for the first time in probably what like two decades

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Speaker 2: I literally can't remember. But and so I think a

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Speaker 2: lot of folks would hear that and say, dude, that's

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Speaker 2: not a money win, that's like a money loss, and

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Speaker 2: so what an idiot, I'm turning off this podcast. Now.

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Speaker 2: The flip side of that, like the other side of

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Speaker 2: the coin, is the fact that we have like intentionally

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Speaker 2: chosen to spend an extremely large amount of money on

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Speaker 2: a home edition just to renovate our home, and on

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Speaker 2: a home gym. Let's be honest, that wasn't cheap, but hey,

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Speaker 2: that's going to save me money. That's Kate's out there,

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Speaker 2: were not having to pay that monthly membership. Okay. So

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Speaker 2: here's the win part of it. The fact that we

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Speaker 2: frontloaded the sacrifice and invested aggressively like early on, put

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Speaker 2: us in a position to where we felt comfortable saying,

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Speaker 2: you know what, we don't need to optimize our investing.

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Speaker 2: We don't have to invest every single dollar that we're

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Speaker 2: capable of investing. Maybe we can coast a little bit,

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Speaker 2: but to have our values refre and what it is

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Speaker 2: that we're spending on for us to be able to

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Speaker 2: prioritize the thing things that we want to prioritize.

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Speaker 1: Also, you're not taking on any debt to fund this project,

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Speaker 1: which is amazing. So yeah, yeah, you're dialing back on

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Speaker 1: the investing, but no helock at nine and a half

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Speaker 1: percent or something like that, which is a big win.

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Speaker 1: And I for one cannot wait to sell hopefully enter

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Speaker 1: the extensive east wing of the new edition. The it's

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Speaker 1: almost like beating the beast. You know, there's at the

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Speaker 1: side of the castle you're not supposed to go to.

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Speaker 1: I think that's what this is going to look like.

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Speaker 2: I will say Kate literally texted me today and said

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Speaker 2: that she can see her studio or like where her

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Speaker 2: studio is going to go, like the walls that create that,

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Speaker 2: and she's so pumped because and again.

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Speaker 1: I don't know if you've mentioned, Kate makes jewelry, really

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Speaker 1: cool jewelry, and before we move, she was getting into ceramics,

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Speaker 1: and so she just when we moved a few years ago,

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Speaker 1: she did not have the space to be able to

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Speaker 1: continue doing that.

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Speaker 2: And not only does she have the time now, but

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Speaker 2: she hopefully very soon will have the space to be

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Speaker 2: able to pursue that, which I'm so stoked for her.

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Speaker 2: So that's my anti money. When do you have an

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Speaker 2: actual money Well, I'm an actual money when here.

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Speaker 1: Okay, just to not go too far afield, but yes,

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Speaker 1: I think our big money win was paying our last

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Speaker 1: grad school tuition payment for for Emily. So she graduates

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Speaker 1: in May. We you know, paid the paid this last

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Speaker 1: semester's tuition and that's exciting.

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Speaker 2: She's actually making it like it's the final check. Yeah,

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Speaker 2: we'll have to sign.

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Speaker 1: She's making like a small stipend right now in her

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Speaker 1: insurt internship year.

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Speaker 2: Nice. It's it's not much and enough to cover lunch.

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Speaker 1: Pales in comparison. Yeah, yeah, and it pales in comparison

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Speaker 1: to the tuition amount. But I'm looking forward to like, hey,

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Speaker 1: we're turning the corner at some point next year.

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Speaker 2: In literally turn the quarter, Like, no longer are you

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Speaker 2: paying into this. It will start paying out towards you. Yeah,

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Speaker 2: which is receiving.

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Speaker 1: I'm going to get to kick back and relax, let

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Speaker 1: my wife bring home the bills and do it. Yeah.

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Speaker 2: Well okay, so I we should have gotten the bottle

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Speaker 2: of something with a cork to be able to should

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Speaker 2: have you know, to do like a little bit of

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Speaker 2: ASMR here on the podcast, Like folks are into that.

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Speaker 1: Man, I think I actually have a chamade and my

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Speaker 1: fridge at home then I got from Costco, and I

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Speaker 1: doesn't have a cork in it.

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Speaker 2: I don't know, it's been a long time since stuff.

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Speaker 2: I've had a chemet, but I do have a pop

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Speaker 2: top here with a bottle. So let's go ahead and

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Speaker 2: do this. Oh that's an interesting sound. It actually had

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Speaker 2: more of a little air build up there than I'll listen,

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Speaker 2: look forward. What is this? This is a sayson for Monday

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Speaker 2: night brewing that we're gonna have a little small batch.

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Speaker 2: I even know what it's called. Well and pour this

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Speaker 2: for us. That sounds good.

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Speaker 1: While you're doing that, I'll just mention normally we use

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Speaker 1: these episodes to answer listener questions. Obviously we're not doing

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Speaker 1: that this week, but we'll be back, uh next week

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Speaker 1: answering your listener questions. If you have a money question,

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Speaker 1: please do send it our way and you can find

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Speaker 1: the directions at had to money dot com, slash ask

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Speaker 1: and actually Matt. Before we get to the listener money once,

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Speaker 1: let's start with one listener question. We got like a

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Speaker 1: bunch of listener once details, well just one because and

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Speaker 1: the reason we wanted to get to this is because

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Speaker 1: it's like a literal end of your money question, and

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Speaker 1: uh okay, we couldn't hold off any longer.

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Speaker 3: Man, Joel, This is Joe from Minnesota. Actually got Mary

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Speaker 3: in western North Carolina pretty recently and it was beautiful.

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Speaker 3: I kind of wonder why I don't live there sometimes.

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Speaker 3: I wanted to ask you guys a question about some

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Speaker 3: annual record keeping and numbers that I should be keeping

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Speaker 3: tabs on as I look over my data year to year.

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Speaker 3: A couple things that I have been keeping track of

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Speaker 3: are my net worth as well as my overall investment

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Speaker 3: account balance. And some other things that I'm looking to

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Speaker 3: add to that are my effective and marginal tax rates

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Speaker 3: as well as my savings rate. But is there anything

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Speaker 3: else to you guys keep track of yourselves or that

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Speaker 3: you recommend to others as we get closer to the

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Speaker 3: end of year?

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Speaker 4: Thanks?

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Speaker 1: All right, Matt, Let's rip through this one quick, because

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Speaker 1: we got money wins to get to.

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Speaker 2: Yes we do, but Joe will help you out here.

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Speaker 2: This is important and I understand why you wanted to

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Speaker 2: take it before. Otherwise we would have had a wait

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Speaker 2: like all of next year to be able to take

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Speaker 2: Joe's question. First of all, Joe, I'll say congrats on

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Speaker 2: getting married, because, yes, Western North Carolina. Here's a little secret.

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Speaker 2: Kate and I always thought that we would actually end

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Speaker 2: up moving up there after five years of marriage living

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Speaker 2: in Atlanta. But you met me and you couldn't. You

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Speaker 2: start a business, you put down roots, you buy in

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Speaker 2: a neighborhood, which is, yes, where we met Joel, and

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Speaker 2: then you're like, wait a minute, we could see ourselves

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Speaker 2: actually raising a family here in Atlanta. But it's still

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Speaker 2: a great place to visit, and especially now, Oh my gosh.

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Speaker 2: I mean so obviously, Hurricane Helene destroyed Asheville specifically in

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Speaker 2: a lot of western North Carolina, but tourism dollars is

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Speaker 2: what that area needs to get it back on its feet,

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Speaker 2: because that's Asheville specifically. I mean, the vast majority of

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Speaker 2: what supported that city was tourism, and so the ability

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Speaker 2: for us to get back up there and kind of

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Speaker 2: to support it in our own feeble little way is

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Speaker 2: honestly exactly what needs to be done, even though it

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Speaker 2: kind of feels like like it feels a little off.

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Speaker 2: You know, It's just like, man, these guys are like suffering.

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Speaker 2: Like businesses got completely destroyed. People's homes were lost, obviously

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Speaker 2: lots of lies we're also lost as well. But man,

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Speaker 2: their ability to resume what normal life looks like is

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Speaker 2: I think going to be hugely dependent on folks getting

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Speaker 2: back up there. And I've already seen that happening.

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Speaker 1: There's so much resilience from the small business community in

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Speaker 1: the Asheville area and some of my favorite businesses that

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Speaker 1: exist there that I follow on social media or stuff

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Speaker 1: like that. Just like the way they're going about things,

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Speaker 1: like they're working their butts off, and you know, it's

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Speaker 1: tough to lose that and try to rebuild, but they're

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Speaker 1: doing it, and they're committed to reopening their businesses, and yeah,

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Speaker 1: it's going to take us supporting them to make sure

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Speaker 1: they succeed.

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Speaker 2: Yeap tangent, though that's not what Joe's asking about.

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Speaker 1: Well, first, congrats to Joe on getting married, right, And

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Speaker 1: I'm glad that he's keeping track of his net worth

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Speaker 1: because like, when it comes to money metrics, that's a

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Speaker 1: crucial one. Your net worth is like one of the

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Speaker 1: most important things to be tracking, because I think watching

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Speaker 1: your net worth evolve over time and increase over time,

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Speaker 1: that's edifying, right, and that's almost like a reinforcing mechanism

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Speaker 1: to help us continue doing the right thing right. And

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Speaker 1: then on top of that, being able to plot out

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Speaker 1: your net worth and see the gains year over year,

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Speaker 1: then decade after a decade, it's just kind of telling

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Speaker 1: your brain what you're doing is working. And so I

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Speaker 1: think Joe spot on on this one, like everyone out there,

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Speaker 1: everyone listening to this, should be tracking their net worth

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Speaker 1: and just that one metric is gonna give so much insight.

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Speaker 1: Not knowing that though, it kind of makes it feel

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Speaker 1: like you're flying blind.

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Speaker 2: Totally. Yeah, And it's not that hard either. You can

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Speaker 2: just go with some of the different apps or software

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Speaker 2: out there, like empower or Monarch Money. They can do

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Speaker 2: that for you pretty easily. They aggregate all your accounts

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Speaker 2: there in one place, keep those running totals happening. But

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Speaker 2: I also love that you're planning to track your savings

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Speaker 2: rate as well as your different tax rates, because I

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Speaker 2: think knowing those is going to be incredibly helpful when

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Speaker 2: it comes to what decisions you choose to make moving forward.

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Speaker 2: For instance, let's say your savings rate is thirty five percent,

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Speaker 2: which is solid, Well, you might find that you have

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Speaker 2: more comfort in lowering that should additional needs a rise,

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Speaker 2: you know, should you have other life goals in mind.

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Speaker 2: I'm speaking out of personal experience here speaking to my

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Speaker 2: home renovation.

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Speaker 1: Can justify dialing it back more if you realize you've

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Speaker 1: had a substantial savings rate, yes, for many years.

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Speaker 2: Or even just like taking your foot off the gas

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Speaker 2: completely for a year or two. But when it comes

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Speaker 2: to your tax rate, if you are overestimating your taxes,

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Speaker 2: you might find that knowing your effective tax rate that

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Speaker 2: could allow you to make you know, slightly different decisions

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Speaker 2: moving forward. Makes me think of a friend, Joel, who

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Speaker 2: has recently laid off, and one of the things he

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Speaker 2: was a little worried about was the fact that he's

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Speaker 2: going to be receiving because he's been there for so long,

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Speaker 2: He's going to receive like a third of his salary

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Speaker 2: next year that he would have earned next year all

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Speaker 2: at the end of this year. So he's thinking, oh, shoot,

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Speaker 2: what's that going to do to my taxes? He's kind

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Speaker 2: of stressed about it. He's going to go see his accountant.

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Speaker 2: But this is an instance where if you knew your

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Speaker 2: effective tax rate, thinking that maybe okay, not enough is

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Speaker 2: going to be withheld, you know from my pay stub

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Speaker 2: that you could make an estimated payment come January just

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Speaker 2: by doing some simple math. So you're right.

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Speaker 1: Knowing those numbers kind of helps you make your form

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Speaker 1: decisions about let's say, whether you want to conte contribute

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Speaker 1: to a WROTH version of an account or a traditional

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Speaker 1: version of account, whether you want to do some sort

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Speaker 1: of Roth conversion that kind of stuff too. So yeah,

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Speaker 1: I think keeping track of that makes sense as well.

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Speaker 1: But what else should you be tracking year to year?

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Speaker 1: I think it's a good idea to keep track of

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Speaker 1: your contribution amounts for each account. You're going to want

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Speaker 1: to note the account type in the amounts of your contribution.

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Speaker 1: This not only helps you see, oh, hey, I've been

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Speaker 1: able to ramp up my contributions over the years, and

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Speaker 1: you know, if you're maxing it out let's say every year,

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Speaker 1: well you are going to be by default contributing more

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Speaker 1: as the contribution limit increases over the years. But it's

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Speaker 1: also going to allow you to track that for tax

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Speaker 1: purposes too. And for withdrawal purposes later down the road,

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Speaker 1: and it'll be particularly helpful I think if your account

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Speaker 1: gets sold elsewhere. We've had those questions from how to

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Speaker 1: money listeners who are like, I don't know how much

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Speaker 1: I put in in a given year, and now my

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Speaker 1: account is with this other company and they don't seem

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Speaker 1: to have the records, which can be a frustrating place

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Speaker 1: to find yourself.

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Speaker 2: Yeah. Well, I mean the fact is so this is

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Speaker 2: incredibly important when it comes to if you are interested

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Speaker 2: in retiring early, because one of the amazing benefits of

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Speaker 2: a roth ira is the fact that you can what, oh,

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Speaker 2: you can withdraw any of your contributions. But most brokerages

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Speaker 2: don't keep track of when you take money out of

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Speaker 2: that account as to whether or not that was a

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Speaker 2: contribution or whether those are earnings. They don't delineate between

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Speaker 2: Like it's not like when you go to take money

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Speaker 2: out of your roth ira, they're like, would you like

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Speaker 2: to take ten thousand dollars out of you know, from

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Speaker 2: your contributions? No, Like, it's all those dollars are co

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Speaker 2: mingled together, and so you have there is a record

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Speaker 2: of that. But they don't provide enough detail to satisfy

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Speaker 2: the irs, and so that the onus is on you

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Speaker 2: to declare that, oh, no, this money that I'm taking out,

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Speaker 2: for instance, out of a roth Ira, that those are

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Speaker 2: dollars that I contributed. That way you don't get that way.

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Speaker 2: You can be like, don't tax me, bro, like, these

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Speaker 2: are my contributions. So keep that in mind, especially if

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Speaker 2: you're interested in early retirement, Joe. But on that note,

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Speaker 2: if you have an HSA, make sure that you implement

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Speaker 2: a solid system to track your health care expenses as well,

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Speaker 2: because documenting those is going to be crucial when it

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Speaker 2: comes to again making withdrawals in the future. Sure, so

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Speaker 2: a lot of these numbers that are worth tracking are

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Speaker 2: particularly important if you're interested in early retirement. But honestly,

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Speaker 2: even if that's not a goal of yours, I think

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Speaker 2: the ability to keep up with some of these metrics

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Speaker 2: it's helpful, man, you know, like you've heard the saying,

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Speaker 2: what gets measured gets managed, And if you want to

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Speaker 2: see some of these numbers improve, well, just the ability

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Speaker 2: to keep up with them year over year to kind

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Speaker 2: of see some trends, you're gonna be able to see

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Speaker 2: a massive difference when it comes to your personal finance.

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Speaker 2: We were doing that.

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Speaker 1: Literally, just talking about this in regards to like blood

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Speaker 1: panel man measuring kind of what's going on.

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Speaker 2: With your health, right, you know, middle aged mental This

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Speaker 2: is like right before we hit record on the podcast,

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Speaker 2: and yeah, like it's true. Like when you kind of know.

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Speaker 1: Some of the reality, the underlying reality of what's going

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Speaker 1: on with your health, and you're tracking your progress over time,

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Speaker 1: chances are you're just more in tune with the reality

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Speaker 1: of what's going on. Yeah, and you're likely to make

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Speaker 1: adjustments to improve your situation. The same is true with money.

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Speaker 2: And it's not that any of these numbers are of

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Speaker 2: vital importance right now, but the ability to see that

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Speaker 2: changes over time can alert you to certain things that

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Speaker 2: might be slightly off. This is also just on my

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Speaker 2: mind as well, because it's towards the end of the year,

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Speaker 2: and Joe, one of the things I keep up with

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Speaker 2: different categories of spending every single year in order to

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Speaker 2: compare to previous years, to see fluctuations, to be able

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Speaker 2: to see and I run the math and see what

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Speaker 2: the percentage increase or decreases, and so with that mind, like,

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Speaker 2: one of the ones I've noticed this year is the

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Speaker 2: fact that our what we call extracurricular spending is up

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Speaker 2: seventy four percent wow, compared to last year. And so

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Speaker 2: what that allows us to do is say, WHOA, what's

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Speaker 2: that all about? And then if we want to drill

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Speaker 2: down a little bit deeper, we can figure out what

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Speaker 2: we spent that money on. But we also know that, oh, yeah,

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Speaker 2: we gymnastics, let's see, camps, even software that we buy

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Speaker 2: on our computer at home to be able to supplement

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Speaker 2: the kids learning, like all that kind of stuff. It's like, yeah,

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Speaker 2: we actually we know that we spent more on that,

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Speaker 2: and that aligns with our values and what it is

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Speaker 2: that we're prioritizing this past year. And so in that

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Speaker 2: case we can say no need for concern here, but

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Speaker 2: it f it was in a category where we weren't

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Speaker 2: intentionally looking to spend more money. That's where you say, hey,

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Speaker 2: what's going on? What's going on over here? And it

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Speaker 2: allows you to make some tweaks if needed.

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Speaker 1: Yeah, and I don't think everybody out there necessarily needs

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Speaker 1: to track every single time of what they spend. But

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Speaker 1: let's say you're tracking maybe the most important categories, the

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Speaker 1: ones that have the most potential for fluctuation, whether it's

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Speaker 1: groceries needing out, whether it's travel, whatever. That is tracking

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Speaker 1: a few of those categories so you can see whether

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Speaker 1: or not you're making monumental changes. Like you said, Matta,

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Speaker 1: it might not mean you need to change anything, but

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Speaker 1: it at least informs and it reminds you, Hey, I

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Speaker 1: am spending meaningful money on the stuff that matters to

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Speaker 1: me most, so you're doing it proactively. All right, let's

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Speaker 1: move on to Listener money wins. Matt, Is it now

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Speaker 1: actually time for this time financial first of us? Yeah,

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Speaker 1: and we got a bunch of good ones, a bunch

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Speaker 1: of good ones to share. So let's start maybe with

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Speaker 1: one from listener.

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Speaker 2: Austin.

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Speaker 5: Hey, guys, it's Austin from Alabama. I just wanted to

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Speaker 5: share that I'm the biggest money when from this year

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Speaker 5: has been crossing over the million dollar networth threat at

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Speaker 5: thirty five years old. Thank you for all that you

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Speaker 5: guys do and for providing advice that has helped me

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Speaker 5: to meet the milestone.

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Speaker 2: A thirty five year old millionaire, Joel, That is incredible

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Speaker 2: and actually so Austin. He shared a bunch of other

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Speaker 2: money wins via email. He only really started paying attention

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Speaker 2: to his personal finances about four years ago. Wow, and

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Speaker 2: the progress that he and his family have made in

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Speaker 2: less than half a decade is insane. So Austin, congrats,

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Speaker 2: kudos to you. Actually, I think he's they're going to

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Speaker 2: have their third baby any day now. You know what

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Speaker 2: the big.

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Speaker 1: Smart money move he said in that email he's going

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Speaker 1: to do. They're having a c section schedule for the

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Speaker 1: end of December. So that's again, you're going to get

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Speaker 1: the tax break for the full year of having that child,

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Speaker 1: even though you only had.

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Speaker 2: Him for a couple of days, and get that extra

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Speaker 2: two thousand dollars. Was that frugal or cheap? Jowel to brilliant? Obviously,

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Speaker 2: you don't make decisions like that based purely on, you know,

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Speaker 2: for financial reasons. But hey, if you're only like changing

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Speaker 2: the date by a few days and the doctor's like,

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Speaker 2: oh yeah, we can just do it whenever, Yeah, I

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Speaker 2: think that's totally smart.

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Speaker 1: Get that extra year of child tax credit. Don't compromise

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Speaker 1: the health of no doubt the model baby. But like, yeah,

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Speaker 1: all right, Matt.

435
00:19:10,160 --> 00:19:12,840
Speaker 2: I guarantee I guarantee that there are more c sections

436
00:19:12,880 --> 00:19:15,239
Speaker 2: scheduled for the last week in December than there are

437
00:19:15,240 --> 00:19:16,560
Speaker 2: in the first week of January. I would love to

438
00:19:16,560 --> 00:19:18,280
Speaker 2: see stats on that, but I'm sure you're right me too.

439
00:19:18,840 --> 00:19:21,640
Speaker 2: I'm gonna go digging, all right, Let's get to another one.

440
00:19:21,640 --> 00:19:23,320
Speaker 2: This one comes from listener mail.

441
00:19:23,920 --> 00:19:26,800
Speaker 6: Hi'm Matt and Joel. It's Mel from Connecticut. I've been

442
00:19:26,800 --> 00:19:29,720
Speaker 6: an avid listener since the porn out poor days. My

443
00:19:29,800 --> 00:19:32,480
Speaker 6: money whins this year are. First, I paid off my

444
00:19:32,520 --> 00:19:36,000
Speaker 6: student loan debt. I now have no debt except my mortgage.

445
00:19:36,080 --> 00:19:38,359
Speaker 6: When I first moved to Connecticut six years ago, I

446
00:19:38,440 --> 00:19:41,560
Speaker 6: was almost eighty thousand dollars in consumer and student loan debt.

447
00:19:41,840 --> 00:19:45,280
Speaker 6: Thanks to your guidance, I have slowly gotten out of it. Second,

448
00:19:45,640 --> 00:19:48,200
Speaker 6: now that I'm no longer paying my own student debt,

449
00:19:48,359 --> 00:19:50,360
Speaker 6: I started a five twenty nine for my one year

450
00:19:50,359 --> 00:19:52,520
Speaker 6: old son, so hopefully he won't ever be in the

451
00:19:52,560 --> 00:19:56,080
Speaker 6: same situation I just escaped. Lastly, this is the first

452
00:19:56,200 --> 00:19:59,480
Speaker 6: year I contributed the annual max to my TSP. When

453
00:19:59,480 --> 00:20:02,200
Speaker 6: I first got my job, I couldn't fathom contributing the max,

454
00:20:02,240 --> 00:20:05,119
Speaker 6: but increase the percentage. I contributed twice a year, and

455
00:20:05,200 --> 00:20:08,480
Speaker 6: here we are. It helped keep my lifestyle creep and

456
00:20:08,600 --> 00:20:11,280
Speaker 6: check with every bump and salary going towards my TSP.

457
00:20:12,080 --> 00:20:13,560
Speaker 6: I want to thank you for the way you have

458
00:20:13,680 --> 00:20:18,760
Speaker 6: fundamentally changed my psychology of money. You've totally changed my life,

459
00:20:19,200 --> 00:20:21,800
Speaker 6: and seventy plus year old Mail will be so grateful

460
00:20:21,840 --> 00:20:25,600
Speaker 6: to you. Keep spreading great energy and vibes. Best friends out.

461
00:20:25,880 --> 00:20:29,040
Speaker 2: Did Mel just say that we have fundamentally changed your life, Joel?

462
00:20:29,040 --> 00:20:31,920
Speaker 2: I think Mel's given us maybe slightly too much credit. Probably, Yeah,

463
00:20:31,960 --> 00:20:33,960
Speaker 2: I think so. I think so, But that's very kind

464
00:20:33,960 --> 00:20:37,480
Speaker 2: of purt. Oh my gosh. We love hearing listener money

465
00:20:37,520 --> 00:20:40,720
Speaker 2: wines like this, and I guarantee that seventy year old

466
00:20:40,760 --> 00:20:43,479
Speaker 2: Mail is going to be in an incredible position all

467
00:20:43,520 --> 00:20:45,520
Speaker 2: because of the changes now that you have made to

468
00:20:45,560 --> 00:20:48,800
Speaker 2: your life. Amazing job at following through and putting into

469
00:20:48,840 --> 00:20:50,640
Speaker 2: action some of the things that we talk about here

470
00:20:50,680 --> 00:20:52,119
Speaker 2: on the show. We're so pumped for you to not

471
00:20:52,160 --> 00:20:54,960
Speaker 2: have any student loans anymore. It's huge, and I love

472
00:20:55,119 --> 00:20:57,880
Speaker 2: how you are now using that payment to fund your

473
00:20:57,960 --> 00:21:00,760
Speaker 2: little dude's future education needs as well. That way, I

474
00:21:00,760 --> 00:21:03,239
Speaker 2: think she said that so that he can escape and

475
00:21:03,240 --> 00:21:05,520
Speaker 2: not have to deal with the same hardship that she faced,

476
00:21:05,520 --> 00:21:07,440
Speaker 2: which is amazing. I mean, that's all about man.

477
00:21:07,440 --> 00:21:10,520
Speaker 1: When you talk to first generation immigrants, that's always what

478
00:21:10,560 --> 00:21:12,320
Speaker 1: they're trying to do for the next generation. But it

479
00:21:12,320 --> 00:21:15,119
Speaker 1: doesn't just apply to immigrants, Like we all want to

480
00:21:15,119 --> 00:21:18,320
Speaker 1: set our kids up like for success, and that doesn't

481
00:21:18,359 --> 00:21:21,000
Speaker 1: always or even usually mean giving them money.

482
00:21:21,600 --> 00:21:22,520
Speaker 2: But whatever we.

483
00:21:22,520 --> 00:21:24,720
Speaker 1: Can do to get our own finances right so that

484
00:21:24,720 --> 00:21:27,159
Speaker 1: we can help the next generation do the same is

485
00:21:27,359 --> 00:21:29,199
Speaker 1: I think a meaningful goal that most of us have.

486
00:21:29,640 --> 00:21:32,119
Speaker 1: And the cool thing is, Melt, you're not even doing

487
00:21:32,160 --> 00:21:34,639
Speaker 1: that at the expense of funding your own retirement. We

488
00:21:34,680 --> 00:21:36,440
Speaker 1: hear so many people who are prioritizing a five to

489
00:21:36,480 --> 00:21:39,400
Speaker 1: twenty nine plan before they have like put the oxygen

490
00:21:39,440 --> 00:21:43,800
Speaker 1: mask on themselves using the airplane metaphor, and so kudos

491
00:21:43,800 --> 00:21:46,480
Speaker 1: to you for getting your own stuff right, innck. Yeah,

492
00:21:46,560 --> 00:21:49,040
Speaker 1: then focusing on what you can do for the next generation.

493
00:21:49,680 --> 00:21:51,760
Speaker 1: And I think it's just amazing. It's an amazing feeling

494
00:21:51,800 --> 00:21:54,000
Speaker 1: to get to the point where you can do that.

495
00:21:54,240 --> 00:21:56,760
Speaker 1: So we just wish you continued success. I mean, we've

496
00:21:56,800 --> 00:21:59,320
Speaker 1: been around for what a little over six years now, Matt,

497
00:21:59,320 --> 00:22:01,600
Speaker 1: and the fact that has been listening for that long

498
00:22:01,640 --> 00:22:02,200
Speaker 1: and since the.

499
00:22:02,200 --> 00:22:05,399
Speaker 2: Start, that's honestly, even more admirable the fact that she

500
00:22:05,480 --> 00:22:08,200
Speaker 2: stuck with us. She didn't ditch just because we're idiots.

501
00:22:08,240 --> 00:22:10,879
Speaker 1: But yeah, we've got more listener money wins that we

502
00:22:10,880 --> 00:22:12,719
Speaker 1: want to get to a bunch more. So we'll hit

503
00:22:12,800 --> 00:22:15,800
Speaker 1: up some of our favorite wins that how money listeners

504
00:22:15,840 --> 00:22:25,240
Speaker 1: experience this year right after this, All right.

505
00:22:25,160 --> 00:22:26,919
Speaker 2: Joe, we are back for the break. We've got plenty

506
00:22:27,040 --> 00:22:30,120
Speaker 2: more money wins to get to, everything from utilizing Facebook

507
00:22:30,119 --> 00:22:33,280
Speaker 2: marketplace to expensive home repairs. But let's get to this

508
00:22:33,440 --> 00:22:37,240
Speaker 2: listener money when pertaining to some travel rewards.

509
00:22:37,600 --> 00:22:40,520
Speaker 7: Hey guys, this is Michael from Chicago. I'm calling with

510
00:22:40,520 --> 00:22:42,879
Speaker 7: a money win that is actually two years in the making.

511
00:22:43,640 --> 00:22:47,200
Speaker 7: My partner and I traveled during the Southwest holiday maildown

512
00:22:47,280 --> 00:22:50,040
Speaker 7: in December twenty twenty two, and it didn't really end

513
00:22:50,080 --> 00:22:52,320
Speaker 7: up affecting us, but I always think of what you

514
00:22:52,359 --> 00:22:54,560
Speaker 7: guys say about how it doesn't hurt to ask. So

515
00:22:55,200 --> 00:22:57,760
Speaker 7: after we got home, I made a case to Southwest

516
00:22:57,760 --> 00:23:00,760
Speaker 7: that we deserved some points. They gave us twenty five

517
00:23:00,800 --> 00:23:04,400
Speaker 7: thousand points per person, which was awesome. A couple weeks later,

518
00:23:04,560 --> 00:23:07,160
Speaker 7: in January, I got an email saying that I'd earned

519
00:23:07,160 --> 00:23:09,720
Speaker 7: a Companion Pass, and then another email a couple days

520
00:23:09,760 --> 00:23:13,600
Speaker 7: later saying I'd earned a list. I can't stress enough

521
00:23:13,760 --> 00:23:16,240
Speaker 7: neither of these things was accurate at all. I know

522
00:23:16,359 --> 00:23:20,239
Speaker 7: the Southwest rules and points thresholds backwards and forwards. We

523
00:23:20,320 --> 00:23:23,040
Speaker 7: did not qualify for Companion Pass or for a list.

524
00:23:23,080 --> 00:23:25,920
Speaker 7: There wasn't a promo, there wasn't anything. I really think

525
00:23:25,920 --> 00:23:28,479
Speaker 7: they just made a mistake somewhere in giving us all

526
00:23:28,520 --> 00:23:31,840
Speaker 7: those travel meltdown points. But suddenly we had a whole

527
00:23:31,920 --> 00:23:34,920
Speaker 7: year of Companion Pass totally out of nowhere, which means

528
00:23:34,920 --> 00:23:36,800
Speaker 7: we hadn't planned for it, and we're both in our

529
00:23:36,840 --> 00:23:39,879
Speaker 7: thirties with full time jobs. But as you guys know,

530
00:23:40,080 --> 00:23:43,479
Speaker 7: when the Companion Pass comes calling, you answer. So we

531
00:23:43,520 --> 00:23:46,959
Speaker 7: started traveling and I earned a Southwest credit card bonus

532
00:23:46,960 --> 00:23:50,600
Speaker 7: and a few referral bonuses to renew the Companion Pass

533
00:23:50,600 --> 00:23:53,560
Speaker 7: through the end of this year. And in the last

534
00:23:53,600 --> 00:23:58,200
Speaker 7: twenty three months, I have flown twenty nine Southwest round

535
00:23:58,240 --> 00:24:02,639
Speaker 7: trip itineraries, including to twice, and used the Companion Pass

536
00:24:02,680 --> 00:24:05,280
Speaker 7: to bring my partner Sonya along for free on almost

537
00:24:05,280 --> 00:24:07,520
Speaker 7: all of them, a fewer for work, but most of

538
00:24:07,560 --> 00:24:10,960
Speaker 7: them she came with and because on one of these trips,

539
00:24:11,000 --> 00:24:12,960
Speaker 7: we gave up our seats and took a flight just

540
00:24:13,040 --> 00:24:16,159
Speaker 7: ninety minutes later in exchange for eight hundred dollars in

541
00:24:16,280 --> 00:24:19,359
Speaker 7: Southwest credit per ticket. In addition to having spent no

542
00:24:19,440 --> 00:24:22,560
Speaker 7: money on any of this, we actually have more flight credit,

543
00:24:22,600 --> 00:24:25,240
Speaker 7: money and more points at the end of these two

544
00:24:25,359 --> 00:24:28,600
Speaker 7: years twenty nine round trips in than we had when

545
00:24:28,640 --> 00:24:31,280
Speaker 7: this all started. And I'm pretty sure it's all just

546
00:24:31,320 --> 00:24:34,720
Speaker 7: because we asked a harmless question and we got lucky.

547
00:24:35,359 --> 00:24:37,640
Speaker 7: So thanks for the show, guys, Happy holidays, Matt.

548
00:24:37,640 --> 00:24:40,560
Speaker 1: This reminds me of the Biblical parable of the loaves

549
00:24:40,560 --> 00:24:42,240
Speaker 1: and the fish, and it just keeps on going and

550
00:24:42,240 --> 00:24:44,920
Speaker 1: there's baskets overflowing at the end. That's what's happening with

551
00:24:44,960 --> 00:24:48,280
Speaker 1: Michael here with his travel more than we started with.

552
00:24:48,560 --> 00:24:51,720
Speaker 2: Yeah, while we're eating the whole time. And Guardian, Yeah, it.

553
00:24:51,680 --> 00:24:54,840
Speaker 1: Really, I mean impressive what Michael was able to accomplish

554
00:24:54,880 --> 00:24:57,119
Speaker 1: with one phone call. And this appears to be the

555
00:24:57,160 --> 00:24:59,480
Speaker 1: gift that keeps on giving. I feel like Michael single

556
00:24:59,480 --> 00:25:01,600
Speaker 1: handleay is to put the Southwest out of business.

557
00:25:01,840 --> 00:25:03,320
Speaker 2: I will say, okay, so let's let's give a quick

558
00:25:03,320 --> 00:25:06,920
Speaker 2: refresher on the Southwest companion pass because unlike other airlines,

559
00:25:07,440 --> 00:25:10,879
Speaker 2: for instance, Delta, they're a great carrier, but they've got

560
00:25:10,960 --> 00:25:15,000
Speaker 2: a companion pass or companion certificate. And guess what it's

561
00:25:15,000 --> 00:25:18,240
Speaker 2: good for. It's good for one round trip ticket, not

562
00:25:18,400 --> 00:25:21,239
Speaker 2: the Southwest companion pass the year that you get it,

563
00:25:21,480 --> 00:25:24,119
Speaker 2: as well as the entire next year. You have a

564
00:25:24,160 --> 00:25:26,040
Speaker 2: companion pass. And what that means is that when you

565
00:25:26,040 --> 00:25:29,760
Speaker 2: buy your own Southwest ticket, you add a companion for

566
00:25:30,160 --> 00:25:33,560
Speaker 2: absolutely free. You still have to pay fees, which is

567
00:25:33,600 --> 00:25:36,320
Speaker 2: literally I think it's eleven dollars and twenty cents, So

568
00:25:36,920 --> 00:25:39,080
Speaker 2: that is what you're paying in order to have someone

569
00:25:39,119 --> 00:25:39,720
Speaker 2: fly with you.

570
00:25:39,800 --> 00:25:42,320
Speaker 1: Which is why you can take twenty nine flights round

571
00:25:42,359 --> 00:25:43,400
Speaker 1: trip flights because.

572
00:25:43,200 --> 00:25:45,959
Speaker 2: You can afford the yeah yeah, thirty times eleven.

573
00:25:46,080 --> 00:25:48,160
Speaker 1: Especially that the cool thing too is you can pay

574
00:25:48,280 --> 00:25:51,200
Speaker 1: with points and then have your companion fly for free

575
00:25:51,240 --> 00:25:53,320
Speaker 1: on the companion pass, so you might be forking over

576
00:25:53,440 --> 00:25:55,320
Speaker 1: literally just dollars for the fees.

577
00:25:55,600 --> 00:25:58,960
Speaker 2: There is incredible. It is the absolute best travel deal

578
00:25:59,080 --> 00:26:01,000
Speaker 2: that is out there. And we got an article over

579
00:26:01,040 --> 00:26:02,439
Speaker 2: on the site at how to money dot com that

580
00:26:02,440 --> 00:26:04,600
Speaker 2: will make sure to link to you because now, honestly

581
00:26:04,720 --> 00:26:08,120
Speaker 2: is the perfect time to start pursuing the companion pass,

582
00:26:08,119 --> 00:26:10,280
Speaker 2: because what will happen. You get yourself a new Southwest

583
00:26:10,280 --> 00:26:12,080
Speaker 2: card now and you start spending on it, and you

584
00:26:12,080 --> 00:26:15,360
Speaker 2: could have the points racked up within a few months

585
00:26:15,480 --> 00:26:18,159
Speaker 2: if you spend correctly over the course, you know, with

586
00:26:18,160 --> 00:26:20,880
Speaker 2: a personal card with a business card. And here's the thing.

587
00:26:20,880 --> 00:26:23,399
Speaker 2: You also don't have to have like a fully fledged

588
00:26:23,520 --> 00:26:27,080
Speaker 2: s corporation with like ten employees to have a business. Yes,

589
00:26:27,520 --> 00:26:30,000
Speaker 2: you can be a sole proprietor. And so the ability

590
00:26:30,000 --> 00:26:32,640
Speaker 2: to get the personal card the corporate card literally within

591
00:26:32,640 --> 00:26:34,959
Speaker 2: the months, you could have a companion pass for the

592
00:26:35,000 --> 00:26:37,760
Speaker 2: rest of twenty twenty five and twenty twenty six as well.

593
00:26:37,800 --> 00:26:39,280
Speaker 2: And that's hopefully literally what Michael did.

594
00:26:39,359 --> 00:26:42,320
Speaker 1: Yeah, hopefully you can utilize full years basically as effectively

595
00:26:42,320 --> 00:26:45,040
Speaker 1: as he was able to what Hawaii twice So good? Amazing,

596
00:26:45,119 --> 00:26:48,200
Speaker 1: So yeah, pretty cool. But yeah, to check out that

597
00:26:48,280 --> 00:26:50,359
Speaker 1: article linked in the show notes. Let's get to another

598
00:26:50,520 --> 00:26:52,840
Speaker 1: money win map. This one is a retirement money win.

599
00:26:53,240 --> 00:26:56,399
Speaker 8: Hi. I'm Jennifer from North Carolina and my big money

600
00:26:56,400 --> 00:26:59,160
Speaker 8: win for twenty twenty four is that I'm maxing out

601
00:26:59,200 --> 00:27:02,040
Speaker 8: my four oh one K for the first time and

602
00:27:02,200 --> 00:27:04,640
Speaker 8: looking forward to doing so again in twenty twenty five.

603
00:27:05,080 --> 00:27:08,200
Speaker 2: Short and sweet, but this is another sick milestone. Congrats

604
00:27:08,280 --> 00:27:12,399
Speaker 2: Jennifer Man to twenty three thousand dollars funneled into a

605
00:27:12,440 --> 00:27:16,120
Speaker 2: tax advantage account that is off the charts excellent, And

606
00:27:16,160 --> 00:27:18,199
Speaker 2: I think, did she say she's gonna do this do

607
00:27:18,240 --> 00:27:22,240
Speaker 2: this again next year? This is awesome. And I simultaneously

608
00:27:22,280 --> 00:27:23,919
Speaker 2: want to address the fact that this is like a

609
00:27:24,000 --> 00:27:27,359
Speaker 2: dream goal for many younger how to money listeners out there,

610
00:27:27,440 --> 00:27:29,480
Speaker 2: or maybe not even younger, just folks who have like

611
00:27:29,960 --> 00:27:32,960
Speaker 2: only recently siled up next to their personal finances and

612
00:27:33,000 --> 00:27:35,000
Speaker 2: realized that, like they got to start making some changes,

613
00:27:35,080 --> 00:27:37,160
Speaker 2: but it often takes many years of doing the right

614
00:27:37,240 --> 00:27:40,639
Speaker 2: thing in order to get there. But massive congrats to you, Jennifer.

615
00:27:40,640 --> 00:27:42,080
Speaker 2: The only thing I would say is, like, if you

616
00:27:42,119 --> 00:27:44,000
Speaker 2: want to take this to the next level, the pro

617
00:27:44,119 --> 00:27:47,159
Speaker 2: level is to start saving in the current year for

618
00:27:47,400 --> 00:27:50,960
Speaker 2: next year's contributions. You do it all in January. You

619
00:27:50,960 --> 00:27:53,439
Speaker 2: do it all in January, because according to history, you

620
00:27:53,520 --> 00:27:55,800
Speaker 2: are going to see higher returns by lump some investing

621
00:27:55,800 --> 00:27:57,560
Speaker 2: at the beginning of the year as opposed to dollar

622
00:27:57,560 --> 00:27:59,919
Speaker 2: cost averaging over the course of the year. There you go.

623
00:28:00,040 --> 00:28:02,480
Speaker 2: For instance, twenty twenty four, you're looking at like thirty

624
00:28:02,520 --> 00:28:05,240
Speaker 2: percent in the SMP like that, I would much rather

625
00:28:05,320 --> 00:28:08,639
Speaker 2: have that total dollar amount earning that full thirty percent

626
00:28:08,680 --> 00:28:12,040
Speaker 2: as opposed to whatever the gradual amount is over over

627
00:28:12,040 --> 00:28:12,600
Speaker 2: the course of the year.

628
00:28:12,760 --> 00:28:14,119
Speaker 1: We'll need a dollar cost at nice to kind of

629
00:28:14,160 --> 00:28:15,359
Speaker 1: be able to wipe your hands up. It'd be like,

630
00:28:15,560 --> 00:28:17,520
Speaker 1: got her done, Now let me move on to other

631
00:28:17,760 --> 00:28:18,240
Speaker 1: bigger girls.

632
00:28:18,280 --> 00:28:18,440
Speaker 8: See you.

633
00:28:18,520 --> 00:28:21,959
Speaker 1: But again, even just maxing it out, it's tough to do.

634
00:28:22,400 --> 00:28:25,800
Speaker 1: Massive congrats to you, Jennifer. Nicely done, Matt, let's hear

635
00:28:25,960 --> 00:28:28,480
Speaker 1: from another listener in North Carolina.

636
00:28:28,680 --> 00:28:31,320
Speaker 9: Hey, Matt and Joel, this is Matt again from Lincolnton,

637
00:28:31,359 --> 00:28:35,520
Speaker 9: North Carolina. Longtime listener, third time caller. I wanted to

638
00:28:35,520 --> 00:28:37,480
Speaker 9: share a recent money hack with y'all that pertains to

639
00:28:37,520 --> 00:28:39,880
Speaker 9: a conversation you had on a recent episode about Apple

640
00:28:39,920 --> 00:28:42,640
Speaker 9: car pluss. My wife drives at two thousand and five

641
00:28:42,680 --> 00:28:45,360
Speaker 9: Toya Foreigner that we love. It's a perfect size for

642
00:28:45,400 --> 00:28:47,280
Speaker 9: our family, runs great, and best of all, we don't

643
00:28:47,280 --> 00:28:49,600
Speaker 9: have a car payment. The major downside is that the

644
00:28:49,680 --> 00:28:52,880
Speaker 9: entertainment package is super outdated. We brains from the idea

645
00:28:52,920 --> 00:28:54,440
Speaker 9: of getting her a newer car, but came to the

646
00:28:54,440 --> 00:28:56,600
Speaker 9: conclusion that we could increase our enployment of the current

647
00:28:56,640 --> 00:28:58,520
Speaker 9: car for a lot less money by just having a

648
00:28:58,520 --> 00:29:01,240
Speaker 9: new receiver installed that includes features we want like Bluetooth

649
00:29:01,280 --> 00:29:04,440
Speaker 9: and CarPlay. The price range for a new receivers anywhere

650
00:29:04,480 --> 00:29:06,480
Speaker 9: from two hundred dollars to two thousand dollars depending on

651
00:29:06,520 --> 00:29:07,920
Speaker 9: what features you want and if you buy it from

652
00:29:08,000 --> 00:29:09,120
Speaker 9: Best Buy and they want to saw it in your

653
00:29:09,200 --> 00:29:12,000
Speaker 9: vehicle for free. One we decided on it was about

654
00:29:12,000 --> 00:29:14,440
Speaker 9: there hundred fifty bucks as a bonus. I saw a

655
00:29:14,440 --> 00:29:16,240
Speaker 9: new headlighte on it yesterday that I paid a hundred

656
00:29:16,280 --> 00:29:17,760
Speaker 9: bucks for. It took me about two hours of work

657
00:29:17,760 --> 00:29:20,480
Speaker 9: in my driveway, which included a ten minute YouTube video

658
00:29:20,520 --> 00:29:23,000
Speaker 9: I watched on how to do it. So for us

659
00:29:23,000 --> 00:29:24,480
Speaker 9: on the price of a typical car payment, we have

660
00:29:24,920 --> 00:29:26,920
Speaker 9: a greatly increase our enjoyment level with our current car

661
00:29:26,960 --> 00:29:28,480
Speaker 9: that we put on keeping for at least a few

662
00:29:28,480 --> 00:29:29,000
Speaker 9: more years.

663
00:29:29,160 --> 00:29:30,840
Speaker 4: I love the show, Joel.

664
00:29:30,880 --> 00:29:32,800
Speaker 2: This begs the question did you get yourself a Bluetooth

665
00:29:32,800 --> 00:29:35,000
Speaker 2: speaker to uh or are you going to go big

666
00:29:35,040 --> 00:29:38,960
Speaker 2: and get you an Apple car Play installed? There on

667
00:29:38,960 --> 00:29:40,360
Speaker 2: the old Acura we actually.

668
00:29:40,120 --> 00:29:43,680
Speaker 1: Got a whole lot of emails and Facebook comments after

669
00:29:43,760 --> 00:29:45,760
Speaker 1: we talked about this on the show and someone sent

670
00:29:45,800 --> 00:29:49,400
Speaker 1: me something on Amazon. It's actually a screen that doesn't

671
00:29:49,400 --> 00:29:52,400
Speaker 1: get mounted in where your radio unit used to be.

672
00:29:52,960 --> 00:29:55,400
Speaker 1: It sets on top of your dashboard and so it's

673
00:29:55,440 --> 00:29:56,760
Speaker 1: just like Happy Medium. You can get it for like

674
00:29:56,760 --> 00:29:59,000
Speaker 1: one hundred and twenty bucks and it has Apple car

675
00:29:59,120 --> 00:30:02,080
Speaker 1: play and does it how's it wired into it? It's

676
00:30:02,120 --> 00:30:04,920
Speaker 1: still FM transmitter. It's not wired into the sound system.

677
00:30:05,000 --> 00:30:06,960
Speaker 1: But interesting that way. You kind of have like the

678
00:30:07,000 --> 00:30:08,560
Speaker 1: digital display that you can mess with.

679
00:30:08,480 --> 00:30:12,200
Speaker 2: But does that sound good? The transmitter? I think back

680
00:30:12,200 --> 00:30:14,280
Speaker 2: in the day you could get the dongle on your iPod.

681
00:30:14,640 --> 00:30:18,280
Speaker 2: This is like decades ago, I mean literally, but like

682
00:30:18,400 --> 00:30:20,880
Speaker 2: you'd always have to find the station, I know, and

683
00:30:20,920 --> 00:30:21,960
Speaker 2: you have to change you sometimes.

684
00:30:22,040 --> 00:30:22,320
Speaker 8: Yeah.

685
00:30:22,400 --> 00:30:23,520
Speaker 2: Yeah, so that's the downside.

686
00:30:23,520 --> 00:30:25,120
Speaker 1: That was what That's why I did not go in

687
00:30:25,120 --> 00:30:27,600
Speaker 1: that direction. And I haven't done anything yet. I literally

688
00:30:27,640 --> 00:30:29,120
Speaker 1: just play it out on my phone to.

689
00:30:29,280 --> 00:30:31,280
Speaker 2: Even gotten like yourself, like the little Beats pill thing

690
00:30:31,960 --> 00:30:32,680
Speaker 2: set there, and.

691
00:30:33,520 --> 00:30:36,240
Speaker 1: I'm sure I've got some sort of Bluetooth speaker rumming

692
00:30:36,240 --> 00:30:36,920
Speaker 1: around the house somewhere.

693
00:30:38,240 --> 00:30:40,160
Speaker 2: You you were hating on that suggestion, but I think

694
00:30:40,160 --> 00:30:41,680
Speaker 2: that's the that could be the best one for you.

695
00:30:41,760 --> 00:30:44,480
Speaker 1: I saw a good sale at Best Buy for one

696
00:30:44,600 --> 00:30:47,320
Speaker 1: made by Pioneer or whatever. It's like a touchscreen with

697
00:30:47,960 --> 00:30:50,840
Speaker 1: Android Auto and Apple Play car Play. But I still like,

698
00:30:50,880 --> 00:30:52,400
Speaker 1: I don't know, I'm too cheap to put that kind

699
00:30:52,440 --> 00:30:53,400
Speaker 1: of money into that car.

700
00:30:53,400 --> 00:30:55,480
Speaker 2: I just rather spend it on other things. Yeah, well, Matt,

701
00:30:55,520 --> 00:30:58,640
Speaker 2: congrats to you watching the the YouTube video on how

702
00:30:58,760 --> 00:31:01,480
Speaker 2: to do that install. That coupled with the fact that

703
00:31:01,480 --> 00:31:04,040
Speaker 2: you got this thing for just one hundred bucks, massive win.

704
00:31:04,320 --> 00:31:06,440
Speaker 2: And we always sing the praises of keeping the old

705
00:31:06,480 --> 00:31:09,880
Speaker 2: car on the road for longer because having no car payment. Man,

706
00:31:09,920 --> 00:31:13,000
Speaker 2: that is worth enduring a whole lot of things. Because

707
00:31:13,080 --> 00:31:15,000
Speaker 2: a car payment for the next six years. Maah, that

708
00:31:15,120 --> 00:31:18,520
Speaker 2: is too treacherous to imagine. On that note, let's hit

709
00:31:18,600 --> 00:31:21,560
Speaker 2: up another automobile win from listener Mike.

710
00:31:22,280 --> 00:31:25,960
Speaker 4: Hey, guys, Mike, Massachusetts, Happy holidays. Let's talk about the

711
00:31:26,080 --> 00:31:28,760
Speaker 4: quick win that everyone can do with the money this season,

712
00:31:28,840 --> 00:31:33,240
Speaker 4: and that's check Facebook marketplace for winter tires. There's tons

713
00:31:33,240 --> 00:31:35,440
Speaker 4: of people trying to unload them. I was able just

714
00:31:35,440 --> 00:31:38,400
Speaker 4: to find in my next town over four steel rims

715
00:31:38,600 --> 00:31:41,680
Speaker 4: that had perfect blizzak winter tires on for the New

716
00:31:41,680 --> 00:31:44,560
Speaker 4: England weathers and for fifty bucks, it was a no brainer.

717
00:31:44,720 --> 00:31:46,240
Speaker 4: Good luck tire hunting guys.

718
00:31:46,480 --> 00:31:48,720
Speaker 1: Man, we don't know what winter is down here in Georgia,

719
00:31:48,920 --> 00:31:51,720
Speaker 1: so this is something we need. But thank you for

720
00:31:51,720 --> 00:31:52,480
Speaker 1: the tip anyway, Mike.

721
00:31:52,560 --> 00:31:54,440
Speaker 2: Yeah, I also don't know why, Like why are folks

722
00:31:54,480 --> 00:31:57,560
Speaker 2: unloading winter tires now? Like, don't you think that folks

723
00:31:57,600 --> 00:32:00,680
Speaker 2: would be looking to stock up or get winner think?

724
00:32:00,760 --> 00:32:02,400
Speaker 2: I don't know. This is something I don't know because

725
00:32:02,400 --> 00:32:03,480
Speaker 2: I've never lived in the north.

726
00:32:03,560 --> 00:32:05,960
Speaker 1: But I will say Facebook Marketplace that is a good

727
00:32:05,960 --> 00:32:08,400
Speaker 1: tip for the one, because I think it's the best

728
00:32:08,400 --> 00:32:11,239
Speaker 1: thing about Facebook these days, besides of course the out

729
00:32:11,280 --> 00:32:12,160
Speaker 1: of money Facebook group.

730
00:32:12,760 --> 00:32:15,160
Speaker 2: What about Facebook dating? That's the new I've never done it,

731
00:32:15,800 --> 00:32:17,560
Speaker 2: I have either, but like that's the new thing where

732
00:32:17,640 --> 00:32:23,200
Speaker 2: evidently it's like Facebook dating has skyrocketed, especially among younger.

733
00:32:23,280 --> 00:32:24,400
Speaker 2: Younger users are getting on.

734
00:32:24,320 --> 00:32:27,760
Speaker 1: Facebook in order to really Yeah, okay, maybe we can

735
00:32:27,800 --> 00:32:30,760
Speaker 1: get link up somebody out of money listeners who are

736
00:32:30,840 --> 00:32:31,760
Speaker 1: interested in I'm.

737
00:32:31,600 --> 00:32:33,479
Speaker 2: Pretty sure find a frugal mate for a second. There,

738
00:32:33,480 --> 00:32:35,280
Speaker 2: I'm like, wait, did I make this story up? I'm

739
00:32:35,280 --> 00:32:36,000
Speaker 2: pretty sure I read this.

740
00:32:36,040 --> 00:32:39,200
Speaker 1: Okay, No, that makes sense. I mean that with given

741
00:32:39,240 --> 00:32:41,840
Speaker 1: what Facebook has, the kind of user base that they

742
00:32:41,840 --> 00:32:43,080
Speaker 1: have and stuff like that, it would make sense that

743
00:32:43,080 --> 00:32:45,600
Speaker 1: they would wait in essentially crush all the other dating apps.

744
00:32:45,640 --> 00:32:47,320
Speaker 2: They totally could. And it makes sense too, because that's like,

745
00:32:47,360 --> 00:32:49,440
Speaker 2: that is what's so great about Facebook Marketplace is that

746
00:32:49,440 --> 00:32:52,640
Speaker 2: you're able to find something approximate to wherever you live,

747
00:32:52,680 --> 00:32:55,000
Speaker 2: and don't you also want to date somebody who lives

748
00:32:55,000 --> 00:32:56,960
Speaker 2: close to you as well, because I mean, I don't

749
00:32:57,360 --> 00:33:00,720
Speaker 2: like to drive across town for hardly anything. Yeah, but Mike,

750
00:33:00,760 --> 00:33:02,360
Speaker 2: I'm glad you were able to do that for some

751
00:33:02,520 --> 00:33:05,120
Speaker 2: winter tires. Oh, Joe, I wanted to share as well.

752
00:33:05,920 --> 00:33:08,800
Speaker 2: Not only is it good for buying used items, but

753
00:33:08,840 --> 00:33:12,520
Speaker 2: it's also great for selling things yourself. And I'm like

754
00:33:12,560 --> 00:33:15,000
Speaker 2: this close to selling my cargo bike. I'm no longer

755
00:33:15,000 --> 00:33:18,320
Speaker 2: going to be the proud owner of a gold Yuba Mundo.

756
00:33:18,760 --> 00:33:20,440
Speaker 1: At some point the kids get too big and we

757
00:33:20,480 --> 00:33:22,600
Speaker 1: all grow them. The times changed it for another year,

758
00:33:22,640 --> 00:33:24,840
Speaker 1: but then I'm sure I'll be rid of mine too.

759
00:33:24,680 --> 00:33:27,560
Speaker 2: But Joe, let's keep moving. Laura shared over on Facebook.

760
00:33:27,600 --> 00:33:30,240
Speaker 2: She said I started budgeting and tracking spending for the

761
00:33:30,280 --> 00:33:33,360
Speaker 2: first time for our family and have at last tackled

762
00:33:33,400 --> 00:33:36,280
Speaker 2: so much of my anxiety around money and started truly

763
00:33:36,360 --> 00:33:39,000
Speaker 2: saving it. All sounds so basic, but it's made such

764
00:33:39,000 --> 00:33:41,600
Speaker 2: a huge impact on our lives. The podcast is my

765
00:33:41,720 --> 00:33:45,040
Speaker 2: go to weekly pep talk on keeping everything up and

766
00:33:45,080 --> 00:33:49,520
Speaker 2: making healthy money choices. Thanks for the empowerment. M Yeah,

767
00:33:49,840 --> 00:33:52,000
Speaker 2: the pep talk. That's what we're here for. Joel Man,

768
00:33:52,040 --> 00:33:54,320
Speaker 2: I always gonna love this episode if she thinks our

769
00:33:54,360 --> 00:33:56,760
Speaker 2: regular episodes are like a good pump me up sort

770
00:33:56,760 --> 00:33:59,960
Speaker 2: of episode to listen to. The financial Festivus is where

771
00:34:00,320 --> 00:34:00,680
Speaker 2: and I.

772
00:34:00,600 --> 00:34:03,920
Speaker 1: Really do think encouragement is an important part of the

773
00:34:04,280 --> 00:34:06,440
Speaker 1: recipe of getting your money together right, and you need

774
00:34:06,480 --> 00:34:10,319
Speaker 1: maybe people who have that infectious enthusiasm that you can

775
00:34:10,400 --> 00:34:12,440
Speaker 1: do it, or are like, hey, spurring each other on

776
00:34:12,640 --> 00:34:14,760
Speaker 1: towards kind of doing the right thing with their finances.

777
00:34:14,800 --> 00:34:17,680
Speaker 1: Whether that's somebody who's like physically in your life, whether

778
00:34:17,680 --> 00:34:20,000
Speaker 1: it's a coworker or a spouse or a best friend

779
00:34:20,040 --> 00:34:22,400
Speaker 1: or something like that, or whether it's your virtual best

780
00:34:22,400 --> 00:34:24,480
Speaker 1: friends who you hang out with all the podcast front.

781
00:34:24,680 --> 00:34:27,200
Speaker 1: Hopefully we can help you in that regard because it's

782
00:34:27,200 --> 00:34:29,520
Speaker 1: the tips and the tools, but then it's also kind

783
00:34:29,560 --> 00:34:32,799
Speaker 1: of the encouragement you can do this and losing your

784
00:34:32,800 --> 00:34:34,759
Speaker 1: money anxiety. That is one of my favorite things to

785
00:34:34,840 --> 00:34:37,560
Speaker 1: hear because I just think, Matt, most folks walk around

786
00:34:38,000 --> 00:34:41,560
Speaker 1: and you know, the money issues are plaguing the nether

787
00:34:41,640 --> 00:34:43,960
Speaker 1: regions of their brains, and then the impact that it

788
00:34:44,000 --> 00:34:48,120
Speaker 1: can have on their overall lives is just substantial, and

789
00:34:48,160 --> 00:34:50,640
Speaker 1: it's amazingly true what Laura shared that knowing where your

790
00:34:50,640 --> 00:34:53,279
Speaker 1: money is going is half the battle. Once you kind

791
00:34:53,280 --> 00:34:55,000
Speaker 1: of know that, that's when you can start to iterate

792
00:34:55,040 --> 00:34:58,160
Speaker 1: and make different choices and changes. So mad props to

793
00:34:58,200 --> 00:35:01,359
Speaker 1: Laura for yeah, doing the simil but the simple thing's

794
00:35:01,400 --> 00:35:02,040
Speaker 1: not always easy.

795
00:35:02,080 --> 00:35:04,279
Speaker 2: The simple things, man, are what moved the needle. Like

796
00:35:04,320 --> 00:35:07,920
Speaker 2: the basics are so powerful because oftentimes it's the fancy,

797
00:35:08,160 --> 00:35:10,880
Speaker 2: the new fangled whatever that's out there, like that is

798
00:35:10,920 --> 00:35:13,640
Speaker 2: oftentimes what gets the most press But man, I think

799
00:35:13,680 --> 00:35:16,640
Speaker 2: the most impactful things are typically the simplest and the

800
00:35:16,680 --> 00:35:19,000
Speaker 2: ability for folks to see where their money is going,

801
00:35:19,120 --> 00:35:20,640
Speaker 2: not unlike I was talking about where it's just like,

802
00:35:20,680 --> 00:35:23,080
Speaker 2: oh wow, we spent seventy four percent more in granted

803
00:35:23,120 --> 00:35:24,759
Speaker 2: you don't have to be dialed in that much, but

804
00:35:24,840 --> 00:35:27,120
Speaker 2: to be able to know, to have an account of

805
00:35:27,120 --> 00:35:29,160
Speaker 2: where your money has gone, I think can help you

806
00:35:29,200 --> 00:35:30,800
Speaker 2: to make the small tweaks necessary.

807
00:35:30,960 --> 00:35:32,920
Speaker 1: To me, it makes me think of, like in the

808
00:35:33,000 --> 00:35:35,879
Speaker 1: NBA or something, a half court shot to win the game.

809
00:35:36,000 --> 00:35:37,440
Speaker 1: It's gonna get a lot of press, it's gonna get

810
00:35:37,440 --> 00:35:39,200
Speaker 1: a lot of highlights. But if you're just the person

811
00:35:39,239 --> 00:35:43,239
Speaker 1: who's constantly shooting ninety percent from free throw range you are,

812
00:35:43,560 --> 00:35:45,399
Speaker 1: and you're at the free throw line fairly regularly, you're

813
00:35:45,400 --> 00:35:47,279
Speaker 1: gonna win your team far more games over the course

814
00:35:47,320 --> 00:35:51,239
Speaker 1: of a season than that occasional half court shot. So, yeah,

815
00:35:51,280 --> 00:35:53,319
Speaker 1: do the You probably don't understand what I'm talking about

816
00:35:53,360 --> 00:35:53,600
Speaker 1: right now.

817
00:35:53,600 --> 00:35:56,239
Speaker 2: Matt sounds good. Yeah. Yeah. When you said half court shot,

818
00:35:56,239 --> 00:35:58,640
Speaker 2: I'm picturing like the guy that gets called out there

819
00:35:59,520 --> 00:36:01,080
Speaker 2: or the girl it gets caught out there for like

820
00:36:01,120 --> 00:36:03,879
Speaker 2: a like some contest, and if they like sink the first,

821
00:36:03,920 --> 00:36:05,440
Speaker 2: you got to do the layup, then you do the

822
00:36:05,480 --> 00:36:07,160
Speaker 2: free throw, then you do the three pointer, and then

823
00:36:07,200 --> 00:36:08,480
Speaker 2: if you make all those shots, you get to do

824
00:36:08,520 --> 00:36:10,360
Speaker 2: the half court yet throw, and if so, then you

825
00:36:10,400 --> 00:36:12,680
Speaker 2: win like ten grand But NBA players, especially like.

826
00:36:12,600 --> 00:36:15,480
Speaker 1: The good ones can hit those half court shots more

827
00:36:15,520 --> 00:36:17,840
Speaker 1: often than you think. But man, it's those free throws.

828
00:36:17,840 --> 00:36:20,040
Speaker 1: It's like, if you shoot sixty percent versus ninety percent

829
00:36:20,320 --> 00:36:22,880
Speaker 1: from free throw land, you're gonna make a massive difference

830
00:36:22,920 --> 00:36:24,200
Speaker 1: in your team's win and lost record.

831
00:36:24,360 --> 00:36:25,120
Speaker 2: I believe it all right.

832
00:36:25,160 --> 00:36:27,719
Speaker 1: Lisa shared a brief one on Facebook. She said, we

833
00:36:27,800 --> 00:36:30,920
Speaker 1: had money saved to handle multiple large and very necessary

834
00:36:30,960 --> 00:36:31,680
Speaker 1: repairs to our home.

835
00:36:31,760 --> 00:36:34,120
Speaker 2: That was her money win for this year. Man, that's

836
00:36:34,160 --> 00:36:37,840
Speaker 2: the old emergency fund coming and clutch for Lisa. Congrats

837
00:36:38,200 --> 00:36:41,440
Speaker 2: not on having to make those repairs, but being prepared

838
00:36:41,840 --> 00:36:45,120
Speaker 2: to be able to maintain your home, Because owning a

839
00:36:45,120 --> 00:36:47,640
Speaker 2: home it can be so gratifying, Like I personally, I

840
00:36:47,680 --> 00:36:50,319
Speaker 2: really enjoy spending money on my house, but it can

841
00:36:50,400 --> 00:36:52,959
Speaker 2: also cost an arm and a leg in a bad

842
00:36:53,000 --> 00:36:55,080
Speaker 2: way if you aren't ready for it. It can be

843
00:36:55,080 --> 00:36:58,000
Speaker 2: such a nightmare if you are not prepared. So yeah,

844
00:36:58,040 --> 00:36:59,319
Speaker 2: I hate that you had to sink all the money

845
00:36:59,320 --> 00:37:01,040
Speaker 2: into repairs, but I'm glad to hear that you had

846
00:37:01,040 --> 00:37:03,600
Speaker 2: the cash on hand to be able to pay for

847
00:37:03,640 --> 00:37:06,000
Speaker 2: that so to where you didn't have to go into debt. Yeah,

848
00:37:06,040 --> 00:37:08,480
Speaker 2: to be able to make that roof repair or to

849
00:37:08,520 --> 00:37:11,440
Speaker 2: repair that water main bust that happened right when you

850
00:37:11,480 --> 00:37:13,600
Speaker 2: weren't expecting. Why we talked about home ownership going into

851
00:37:13,600 --> 00:37:15,600
Speaker 2: it with eyes wide open. Everyone makes it sound like

852
00:37:15,640 --> 00:37:17,919
Speaker 2: it's this no brainer for everyone to buy a home,

853
00:37:17,960 --> 00:37:20,320
Speaker 2: and it can be smart for some people. But man,

854
00:37:20,480 --> 00:37:23,359
Speaker 2: you got to be financially prepared, and Lisa was. So

855
00:37:23,360 --> 00:37:25,239
Speaker 2: that is a big money win. Yeah, So on that note,

856
00:37:25,320 --> 00:37:27,440
Speaker 2: Jessica's money win, it was huge and also had to

857
00:37:27,440 --> 00:37:30,239
Speaker 2: do with housing. My husband got twenty thousand dollars of

858
00:37:30,239 --> 00:37:34,360
Speaker 2: student loans forgiven that, plus actually using a budget apt religiously,

859
00:37:34,719 --> 00:37:38,200
Speaker 2: we were able to afford our dream house, well a

860
00:37:38,440 --> 00:37:41,880
Speaker 2: reasonable within our budget dream house that is. So that

861
00:37:42,040 --> 00:37:42,719
Speaker 2: was Jessica's win.

862
00:37:42,760 --> 00:37:44,040
Speaker 1: We all have to settle for that. Man, none of

863
00:37:44,120 --> 00:37:47,759
Speaker 1: us can truly afford our dream house. If I was

864
00:37:47,800 --> 00:37:49,640
Speaker 1: to actually like look through and find, well, what else

865
00:37:49,640 --> 00:37:52,440
Speaker 1: would ideally like to live in, it's probably something fancy

866
00:37:52,520 --> 00:37:54,480
Speaker 1: on the Georgia coast or something like that that I

867
00:37:54,520 --> 00:37:58,200
Speaker 1: can't actually afford, never will be able to. But yeah,

868
00:37:58,200 --> 00:38:00,520
Speaker 1: the realistic dream house, yeah realistic. And so that's a

869
00:38:00,520 --> 00:38:04,040
Speaker 1: big money win. And yeah, congrats on using a budget

870
00:38:04,040 --> 00:38:06,840
Speaker 1: system to get there. It's always nice to have debt forgiven,

871
00:38:07,239 --> 00:38:09,560
Speaker 1: just taken out of your life. Who knows what is

872
00:38:09,560 --> 00:38:11,560
Speaker 1: going to happen with student loans moving forward, But I'm

873
00:38:11,560 --> 00:38:14,520
Speaker 1: so happy, Jessica for you for your husband to be

874
00:38:14,520 --> 00:38:16,400
Speaker 1: able to get that out of your life and reduce

875
00:38:16,440 --> 00:38:18,640
Speaker 1: your debt payments so that you can afford the house

876
00:38:18,640 --> 00:38:19,080
Speaker 1: that you want.

877
00:38:19,160 --> 00:38:21,560
Speaker 2: Yeah, and like I want to highlight that for like

878
00:38:21,640 --> 00:38:23,799
Speaker 2: one more second longer, Like they didn't just go out

879
00:38:23,840 --> 00:38:25,520
Speaker 2: to like a nice dinner, they were able to afford

880
00:38:25,520 --> 00:38:29,040
Speaker 2: their quote unquote dream house. Yeah, by yes, like you said, Jill,

881
00:38:29,239 --> 00:38:31,560
Speaker 2: having some loans forgiven, but then just tracking their money

882
00:38:31,600 --> 00:38:32,960
Speaker 2: again going back to the basics here.

883
00:38:33,000 --> 00:38:34,399
Speaker 1: Well, and the truth is typically if you have student

884
00:38:34,440 --> 00:38:36,239
Speaker 1: loans forgiven, it means you worked at a lower paid

885
00:38:36,320 --> 00:38:38,520
Speaker 1: job for many, many years, so you sacrifice in order

886
00:38:38,520 --> 00:38:39,840
Speaker 1: to get that. It's not like it was just so

887
00:38:39,920 --> 00:38:41,360
Speaker 1: true some sort of gift.

888
00:38:41,239 --> 00:38:44,279
Speaker 2: Right, Yeah, all right, Emily wrote paying myself first by

889
00:38:44,360 --> 00:38:47,560
Speaker 2: automating our retirement contributions to come out of our checking

890
00:38:47,600 --> 00:38:50,520
Speaker 2: account on set dates of each month, picking up the

891
00:38:50,560 --> 00:38:53,960
Speaker 2: phone and regularly asking for discounts Promptei with medical bill

892
00:38:54,040 --> 00:38:56,320
Speaker 2: got me a ten percent reduction in that bill, asking

893
00:38:56,360 --> 00:39:00,000
Speaker 2: for a bundled discount with our insurance saved a significant amount.

894
00:39:00,120 --> 00:39:02,960
Speaker 2: Getting three quotes on long care allowed me to make

895
00:39:03,000 --> 00:39:06,040
Speaker 2: an informed choice staying. Emily's got like a bundle of

896
00:39:06,080 --> 00:39:08,560
Speaker 2: money wins this past year. But they're all good.

897
00:39:08,560 --> 00:39:10,719
Speaker 1: They're all good, And I even just like the we

898
00:39:10,719 --> 00:39:13,279
Speaker 1: talk about getting multiple quotes on stuff, Matt, And that

899
00:39:13,280 --> 00:39:15,160
Speaker 1: could be particularly impactful if you're buying a house. But

900
00:39:15,200 --> 00:39:17,240
Speaker 1: even just something as simple as like a long care service,

901
00:39:17,400 --> 00:39:19,319
Speaker 1: someone might charge you one hundred and twenty bucks a month.

902
00:39:19,320 --> 00:39:22,000
Speaker 1: Someone else might say, oh, that's one eighty sixty bucks

903
00:39:22,000 --> 00:39:24,480
Speaker 1: a month. For the course of a year, that's going

904
00:39:24,520 --> 00:39:27,040
Speaker 1: to be over seven hundred bucks man. So yeah, keeping

905
00:39:27,040 --> 00:39:28,799
Speaker 1: those multiple quotes really matters, that's right.

906
00:39:28,840 --> 00:39:31,279
Speaker 2: But we've got more financial festivists to get to. If

907
00:39:31,320 --> 00:39:40,719
Speaker 2: you like good news, we'll keep listening, all.

908
00:39:40,680 --> 00:39:43,440
Speaker 1: Right, Matt, how the money listener money win a palooza,

909
00:39:43,560 --> 00:39:45,319
Speaker 1: or as you like to call it, financial festivists, which

910
00:39:45,360 --> 00:39:48,799
Speaker 1: I also like, continues, We've got more of your money

911
00:39:48,800 --> 00:39:50,279
Speaker 1: wins to share.

912
00:39:51,160 --> 00:39:51,520
Speaker 2: Times.

913
00:39:51,600 --> 00:39:54,800
Speaker 1: Come on, if any of your old coworkers are listening

914
00:39:54,840 --> 00:39:58,239
Speaker 1: right now, they're shuddering remembering those days, all right, I'm

915
00:39:58,320 --> 00:40:01,920
Speaker 1: jealous of a listener. When that that Flavio shared, he said, we.

916
00:40:01,880 --> 00:40:03,120
Speaker 2: Went all the time. Is that how you say it,

917
00:40:03,160 --> 00:40:05,920
Speaker 2: Flavio or is it Flavio Flavio, Probably Flavio. Sorry, I

918
00:40:05,920 --> 00:40:07,319
Speaker 2: don't don't know. I literally don't know.

919
00:40:07,400 --> 00:40:08,719
Speaker 1: This was in the how of Money Facebook group that

920
00:40:08,760 --> 00:40:10,239
Speaker 1: he posted this, a lot of people posted their money

921
00:40:10,239 --> 00:40:12,359
Speaker 1: once there he said, we went on a two week

922
00:40:12,440 --> 00:40:15,319
Speaker 1: anniversary trip to Argentina. It was great to have plenty

923
00:40:15,360 --> 00:40:17,440
Speaker 1: of money saved up for it. We splurged where we

924
00:40:17,440 --> 00:40:19,960
Speaker 1: thought it was worth splurging, and we were frugal with

925
00:40:20,120 --> 00:40:20,720
Speaker 1: other things.

926
00:40:21,760 --> 00:40:23,399
Speaker 2: This is sort of like, this is what I would

927
00:40:23,400 --> 00:40:27,520
Speaker 2: call selective splurging Flavio or now I'm being like, I'm

928
00:40:27,560 --> 00:40:29,560
Speaker 2: like super self conscious over whether or not it's Flavio

929
00:40:29,680 --> 00:40:35,400
Speaker 2: or Flavio. But I'm so glad you did Flavio like Fabio, yeah, Flavio, Yeah,

930
00:40:35,440 --> 00:40:37,440
Speaker 2: I'm so glad you enjoyed your trip. And this is

931
00:40:37,440 --> 00:40:40,400
Speaker 2: sort of like the inverse of the home repair. It's like,

932
00:40:41,160 --> 00:40:43,719
Speaker 2: in that case, I'm bummed that that happened to them,

933
00:40:43,719 --> 00:40:45,640
Speaker 2: but I'm so glad that they were prepared. In this case,

934
00:40:45,680 --> 00:40:47,520
Speaker 2: I'm so glad that this happened to you. This is

935
00:40:47,520 --> 00:40:49,600
Speaker 2: something you were looking forward to, and of course the

936
00:40:49,640 --> 00:40:51,239
Speaker 2: fact that you were prepared for it is huge. I

937
00:40:51,280 --> 00:40:53,399
Speaker 2: always think about travel too, Matt. I like to have

938
00:40:53,560 --> 00:40:56,520
Speaker 2: one distinct memory that I pay extra money for that

939
00:40:56,600 --> 00:40:58,480
Speaker 2: always sticks out in my mind. And like, for instance,

940
00:40:58,480 --> 00:41:00,320
Speaker 2: when I went to Hawaii, this was probably like thirteen

941
00:41:00,400 --> 00:41:02,839
Speaker 2: years ago, and I did a motorized hang glidder tour

942
00:41:03,040 --> 00:41:04,279
Speaker 2: and it cost me. I still remember.

943
00:41:04,320 --> 00:41:06,239
Speaker 1: It costs me two hundred and fifty dollars and I

944
00:41:06,280 --> 00:41:08,480
Speaker 1: remember like sweating it out because that was a really

945
00:41:08,520 --> 00:41:11,839
Speaker 1: really really expensive thing for me at the time, but

946
00:41:11,880 --> 00:41:14,480
Speaker 1: it was so worth it and cheap.

947
00:41:14,560 --> 00:41:15,240
Speaker 2: Joel Frugal.

948
00:41:15,320 --> 00:41:17,880
Speaker 1: Joel was like, don't do it, don't do it, but

949
00:41:18,000 --> 00:41:19,919
Speaker 1: it's such a good memory for me that I'm glad

950
00:41:19,920 --> 00:41:21,880
Speaker 1: I did. And when you travel and you're spending all

951
00:41:21,880 --> 00:41:23,520
Speaker 1: this money to go to that place, I at least

952
00:41:23,560 --> 00:41:25,799
Speaker 1: pick one thing maybe that's worth spending a little extra

953
00:41:25,840 --> 00:41:27,839
Speaker 1: money on. You're going to have those memories for years

954
00:41:27,840 --> 00:41:28,240
Speaker 1: to come.

955
00:41:28,080 --> 00:41:29,960
Speaker 2: On live And hopefully you didn't splurge on the plane

956
00:41:30,000 --> 00:41:32,920
Speaker 2: tickets because the plane tickets were cheap. Yeah yeah, not you,

957
00:41:33,040 --> 00:41:35,440
Speaker 2: but even everybody out there, because like I know, like

958
00:41:35,520 --> 00:41:40,760
Speaker 2: for some people they're splurge is the upgraded seats, special drinks.

959
00:41:40,760 --> 00:41:42,279
Speaker 2: I don't know whatever it is that people spend money

960
00:41:42,280 --> 00:41:44,040
Speaker 2: on when they're flying, but like that's where you had

961
00:41:44,040 --> 00:41:46,560
Speaker 2: the opportunity to save the most and then hopefully you

962
00:41:46,600 --> 00:41:49,560
Speaker 2: can splurge on more unique opportunities and experiences like what

963
00:41:49,600 --> 00:41:53,279
Speaker 2: you just shared with listeners. Joel Ryan, he hit a

964
00:41:53,560 --> 00:41:56,760
Speaker 2: money when milestone. He wrote, we hit a net worth

965
00:41:56,840 --> 00:41:59,799
Speaker 2: of one million dollars back in March twenty twenty was

966
00:41:59,800 --> 00:42:02,319
Speaker 2: the first year we had a six figure income, and

967
00:42:02,400 --> 00:42:05,280
Speaker 2: even now it's not much over six figures. We became

968
00:42:05,320 --> 00:42:08,160
Speaker 2: debt free in March of twenty eleven and only had

969
00:42:08,160 --> 00:42:13,000
Speaker 2: a net worth then around forty thousand dollars. Compounding interest

970
00:42:13,239 --> 00:42:18,480
Speaker 2: truly is amazing. Ryan, You just wait because now that

971
00:42:18,560 --> 00:42:21,319
Speaker 2: you like, yeah, you hit that net worth of a

972
00:42:21,400 --> 00:42:24,200
Speaker 2: million bucks, like you just hang onto your hat because

973
00:42:24,960 --> 00:42:27,280
Speaker 2: and it's probably grown a lot since March. I'm sure. Yeah,

974
00:42:27,400 --> 00:42:29,799
Speaker 2: But like he he's paying attention I guess to his

975
00:42:30,040 --> 00:42:33,560
Speaker 2: income and like that has a pretty big impact on

976
00:42:33,640 --> 00:42:35,359
Speaker 2: obviously how much you're able to save. But like at

977
00:42:35,360 --> 00:42:37,080
Speaker 2: this point in the game, for him, it's gonna be

978
00:42:37,080 --> 00:42:39,920
Speaker 2: it's less about what he's earning every single year, and

979
00:42:39,920 --> 00:42:41,360
Speaker 2: it has more to do with how much he's already

980
00:42:41,360 --> 00:42:44,359
Speaker 2: got socked away, how much he's already got invested that's

981
00:42:44,360 --> 00:42:46,759
Speaker 2: going to continue to yeah, to earn that interest as

982
00:42:46,760 --> 00:42:48,400
Speaker 2: it continues to compound.

983
00:42:47,920 --> 00:42:51,759
Speaker 1: Compounding returns will continue to just wow you, I think

984
00:42:51,840 --> 00:42:53,719
Speaker 1: in the coming years. And I think it's just this

985
00:42:53,800 --> 00:42:56,560
Speaker 1: also highlights Matt that you can become a millionaire without

986
00:42:56,560 --> 00:42:59,440
Speaker 1: making six figures. I think, yeah, popular opinion in this

987
00:42:59,480 --> 00:43:02,799
Speaker 1: country kind of Debbie Downer on, oh, I don't make

988
00:43:02,840 --> 00:43:04,839
Speaker 1: much money, there's no way I can get there. And

989
00:43:04,880 --> 00:43:06,960
Speaker 1: I think about just those early years when I was

990
00:43:07,040 --> 00:43:09,759
Speaker 1: part time, where I was full time making twenty something

991
00:43:09,800 --> 00:43:13,040
Speaker 1: thousand dollars a year, still putting a percentage at least

992
00:43:13,040 --> 00:43:14,359
Speaker 1: of my pay in there. I was doing the right

993
00:43:14,360 --> 00:43:17,000
Speaker 1: thing consistently. It gets you where you want to go. Like,

994
00:43:17,280 --> 00:43:19,160
Speaker 1: you might not be getting there quite as fast as

995
00:43:19,160 --> 00:43:23,000
Speaker 1: you'd like to, but Ryan still hit that threshold and

996
00:43:23,200 --> 00:43:25,440
Speaker 1: it didn't take a massive income in order to get there.

997
00:43:25,640 --> 00:43:27,200
Speaker 1: So I think the same can be true for a

998
00:43:27,200 --> 00:43:28,400
Speaker 1: bunch of how to money listeners.

999
00:43:28,640 --> 00:43:29,200
Speaker 2: Let's uh.

1000
00:43:29,280 --> 00:43:32,279
Speaker 1: An anonymous Facebook poster said, my wife was laid off

1001
00:43:32,280 --> 00:43:34,880
Speaker 1: on Monday. While this is an ideal, we're okay. She

1002
00:43:34,960 --> 00:43:36,840
Speaker 1: got about two months worth of pay in severance and

1003
00:43:36,880 --> 00:43:38,799
Speaker 1: we have twenty five thousand bucks in our e fund

1004
00:43:39,120 --> 00:43:41,839
Speaker 1: thanks to this podcast and community. This setback does not

1005
00:43:41,840 --> 00:43:43,480
Speaker 1: feel like the end of the world, and we can

1006
00:43:43,480 --> 00:43:45,040
Speaker 1: look at the bright side, like being able to spend

1007
00:43:45,080 --> 00:43:47,040
Speaker 1: more time with our son around the holidays. I just

1008
00:43:47,120 --> 00:43:49,480
Speaker 1: wanted to share because you never know how quickly your

1009
00:43:49,480 --> 00:43:52,560
Speaker 1: situation can change, so managing debt and having a solid

1010
00:43:52,560 --> 00:43:55,640
Speaker 1: emergency fund is important. Because of this, she does not

1011
00:43:55,719 --> 00:43:57,759
Speaker 1: feel the need to rush into a new job just

1012
00:43:57,920 --> 00:43:58,920
Speaker 1: for the paycheck either.

1013
00:43:59,160 --> 00:44:01,680
Speaker 2: Man. That stands out to me the last thing he

1014
00:44:01,719 --> 00:44:03,680
Speaker 2: wrote there, because obviously it's awful to lose a job,

1015
00:44:04,160 --> 00:44:06,719
Speaker 2: but it's even worse if your financial situation is a

1016
00:44:06,880 --> 00:44:10,719
Speaker 2: total fiasco, and far too many folks have to take

1017
00:44:10,719 --> 00:44:12,799
Speaker 2: the first job that's available to them, the first job

1018
00:44:12,800 --> 00:44:16,319
Speaker 2: that's offered, which might mean make less pay or a

1019
00:44:16,440 --> 00:44:19,759
Speaker 2: less rewarding career. And you know that bigger emergency fund

1020
00:44:19,880 --> 00:44:22,120
Speaker 2: is all about preventing you from having to make the

1021
00:44:22,480 --> 00:44:25,719
Speaker 2: most expedient decision in favor of being able to make

1022
00:44:25,760 --> 00:44:28,560
Speaker 2: one that's going to be best for you over the

1023
00:44:28,640 --> 00:44:31,160
Speaker 2: long term. Yes, and so, man, it just buys you

1024
00:44:31,200 --> 00:44:34,680
Speaker 2: more time. And I'm again this is a terrible situation

1025
00:44:34,719 --> 00:44:37,040
Speaker 2: to find yourself in, but I'm so glad that you

1026
00:44:37,080 --> 00:44:37,960
Speaker 2: were well prepared for.

1027
00:44:38,120 --> 00:44:40,040
Speaker 1: And having to take the first thing that comes along

1028
00:44:40,120 --> 00:44:44,120
Speaker 1: can completely derail your future earnings if you have to

1029
00:44:44,120 --> 00:44:46,400
Speaker 1: take something that's kind of maybe an inferior position to

1030
00:44:46,440 --> 00:44:49,880
Speaker 1: what you're used to or you're overqualified for. So I

1031
00:44:49,960 --> 00:44:52,239
Speaker 1: love that and having your your personal finances in order.

1032
00:44:52,280 --> 00:44:54,440
Speaker 1: This is why we talk about developing that three to

1033
00:44:54,480 --> 00:44:58,120
Speaker 1: six month emergency fund, because that's what this is here

1034
00:44:58,160 --> 00:45:01,480
Speaker 1: to prevent. And that's why instead of investing every dollar

1035
00:45:01,680 --> 00:45:04,799
Speaker 1: beyond having one month, you want to have more saved

1036
00:45:04,880 --> 00:45:07,840
Speaker 1: up so that in case this scenario arises, you're prepared

1037
00:45:07,920 --> 00:45:11,040
Speaker 1: you can withstand the difficulty. So, man, this is a

1038
00:45:11,080 --> 00:45:14,040
Speaker 1: great money win from this anonymous listener. Matt, you want

1039
00:45:14,040 --> 00:45:15,560
Speaker 1: to give us the next one?

1040
00:45:15,640 --> 00:45:18,279
Speaker 2: Yeah, this one is from Amber, She writes, Hi, Matt

1041
00:45:18,320 --> 00:45:20,640
Speaker 2: and Joel, my husband and I had several money wins

1042
00:45:20,640 --> 00:45:22,960
Speaker 2: in twenty twenty four, but the one I am most

1043
00:45:23,040 --> 00:45:25,720
Speaker 2: proud of is that we have religiously tracked our spending

1044
00:45:25,760 --> 00:45:30,239
Speaker 2: all year via Google spreadsheets, which included specific categories and

1045
00:45:30,640 --> 00:45:34,080
Speaker 2: expected versus actual spending. This has been an eye opening

1046
00:45:34,120 --> 00:45:36,839
Speaker 2: exercise that allowed us to save an additional twenty one

1047
00:45:36,880 --> 00:45:40,160
Speaker 2: thousand dollars in cash, as well as pay for all

1048
00:45:40,160 --> 00:45:43,600
Speaker 2: of our landscaping home improvements, which was seven thousand dollars

1049
00:45:43,880 --> 00:45:47,080
Speaker 2: out of pocket this year. Hot Dog highly recommend that

1050
00:45:47,200 --> 00:45:50,960
Speaker 2: everyone tracks their spending again. The ability to move the

1051
00:45:51,000 --> 00:45:54,839
Speaker 2: needle so significantly by just paying attention, like I'm sure

1052
00:45:55,000 --> 00:45:56,840
Speaker 2: I think for Amber, probably what blew her away was

1053
00:45:56,880 --> 00:45:59,640
Speaker 2: the fact that, like she didn't say anything about making

1054
00:45:59,640 --> 00:46:01,839
Speaker 2: more money. What she said was that we did this

1055
00:46:01,880 --> 00:46:03,920
Speaker 2: one thing and all of a sudden, it seems like

1056
00:46:04,520 --> 00:46:06,880
Speaker 2: we pulled thirty thousand dollars out of nowhere.

1057
00:46:07,320 --> 00:46:09,480
Speaker 1: It's just like it's like a pulling a rabbit out

1058
00:46:09,480 --> 00:46:11,120
Speaker 1: of a hat. I'm sure what it felt like. It's

1059
00:46:11,120 --> 00:46:13,040
Speaker 1: like interested development. When they said that there's always money

1060
00:46:13,040 --> 00:46:14,480
Speaker 1: in the banana stand. I think there's always money in

1061
00:46:14,520 --> 00:46:14,840
Speaker 1: the budget.

1062
00:46:14,880 --> 00:46:15,040
Speaker 2: Matt.

1063
00:46:15,600 --> 00:46:17,360
Speaker 1: It's like there's more money than you think there is.

1064
00:46:17,440 --> 00:46:20,680
Speaker 1: It's just that we pittle it away, and not even

1065
00:46:20,719 --> 00:46:23,080
Speaker 1: on purpose. But when you start paying attention, it's amazing

1066
00:46:23,120 --> 00:46:25,919
Speaker 1: how just focusing on your finances a little bit more.

1067
00:46:26,080 --> 00:46:27,719
Speaker 1: You're gonna earnurve some dollars you didn't know you had.

1068
00:46:27,840 --> 00:46:31,520
Speaker 2: You whip those dollars into shape. And even though our

1069
00:46:31,560 --> 00:46:34,560
Speaker 2: recent conversation with Dana Morinda, you know, she's she's not

1070
00:46:34,640 --> 00:46:38,440
Speaker 2: all for budgeting, but from everything we've seen, it just works.

1071
00:46:39,200 --> 00:46:44,000
Speaker 2: Pat shared elder problem solved. Medicare does not cover dental care.

1072
00:46:44,120 --> 00:46:47,160
Speaker 2: It's a real problem for seniors. Every tooth that goes

1073
00:46:47,239 --> 00:46:49,160
Speaker 2: costs you at least two thousand dollars for our root,

1074
00:46:49,200 --> 00:46:52,040
Speaker 2: Canal and Crown. And let's not even talk about implants.

1075
00:46:52,640 --> 00:46:56,399
Speaker 2: I got dentures problem solved. Okay. I like this approach. Yeah,

1076
00:46:56,400 --> 00:46:59,680
Speaker 2: you just pull the teeth out, getting all gone. Getting

1077
00:47:00,719 --> 00:47:02,880
Speaker 2: this is like, I don't know. This is almost in

1078
00:47:02,920 --> 00:47:05,920
Speaker 2: line with instead of having an expensive burial with an

1079
00:47:06,000 --> 00:47:09,160
Speaker 2: expensive plot that you pay for with a fancy coffin

1080
00:47:09,360 --> 00:47:11,440
Speaker 2: ahead of time, She's like, maybe we'll just go the

1081
00:47:11,440 --> 00:47:14,520
Speaker 2: cremation route. Man, Yeah, you know the pine box from Costco. Right, Like,

1082
00:47:14,680 --> 00:47:17,480
Speaker 2: there are certain things you want to prioritize. And I'm

1083
00:47:17,520 --> 00:47:19,480
Speaker 2: not gonna lie. If my teeth start to go in

1084
00:47:19,520 --> 00:47:22,880
Speaker 2: my later years, I'm totally gonna I think go the

1085
00:47:22,960 --> 00:47:23,600
Speaker 2: denture I could do.

1086
00:47:23,640 --> 00:47:25,799
Speaker 1: I could see you going the George Washington wooden teeth

1087
00:47:25,880 --> 00:47:27,520
Speaker 1: rout too. Oh my god, Well you don't want to

1088
00:47:27,560 --> 00:47:29,680
Speaker 1: know what his actual teeth were made of. Oh well there,

1089
00:47:29,719 --> 00:47:31,839
Speaker 1: I mean it would, but also like it's a it's

1090
00:47:31,880 --> 00:47:32,319
Speaker 1: kind of dark.

1091
00:47:32,320 --> 00:47:33,839
Speaker 2: Okay, let's not go there.

1092
00:47:34,600 --> 00:47:37,319
Speaker 1: But Pat, congrats on that money. When Matt one more,

1093
00:47:37,440 --> 00:47:39,960
Speaker 1: Leslie had one. She said, after listening to the show

1094
00:47:40,000 --> 00:47:42,680
Speaker 1: for about five years, we finally switched away from our big,

1095
00:47:42,760 --> 00:47:46,319
Speaker 1: bad bank to Navy Federal, and just one month we

1096
00:47:46,360 --> 00:47:48,880
Speaker 1: made more interest on our savings than we did in

1097
00:47:48,880 --> 00:47:51,080
Speaker 1: the whole last year with the big bank. We still

1098
00:47:51,120 --> 00:47:53,440
Speaker 1: get value out of having local branches, and switching to

1099
00:47:53,520 --> 00:47:55,920
Speaker 1: Navy Federal has been a way to have that, but

1100
00:47:56,000 --> 00:47:57,839
Speaker 1: not the terrible offerings of a big bank.

1101
00:47:58,360 --> 00:47:58,600
Speaker 2: Love it.

1102
00:47:58,760 --> 00:48:00,160
Speaker 1: This is one of those things we talk about all

1103
00:48:00,200 --> 00:48:02,040
Speaker 1: the time, and I wonder if it falls on deaf

1104
00:48:02,120 --> 00:48:04,440
Speaker 1: years or if most of our listeners have done this

1105
00:48:04,840 --> 00:48:07,479
Speaker 1: at some already. But we continue to bang that drum

1106
00:48:07,520 --> 00:48:10,840
Speaker 1: because it is such an important part of a healthy

1107
00:48:10,960 --> 00:48:14,000
Speaker 1: financial plan, is having a bank that doesn't hate you.

1108
00:48:14,040 --> 00:48:15,440
Speaker 1: And Leslie made the move.

1109
00:48:15,520 --> 00:48:17,360
Speaker 2: Yeah, I feel like and I love how she wrote,

1110
00:48:17,360 --> 00:48:19,400
Speaker 2: like the big the big bad bank like makes me

1111
00:48:19,480 --> 00:48:22,240
Speaker 2: think of like the big bad wolf, but like having

1112
00:48:22,360 --> 00:48:25,920
Speaker 2: a solid bank or credit union, Like it's such a

1113
00:48:25,920 --> 00:48:28,600
Speaker 2: foundational thing. It's almost like getting enough sleep every every

1114
00:48:28,600 --> 00:48:30,840
Speaker 2: single night. Like it's just a no, like this is

1115
00:48:30,880 --> 00:48:33,439
Speaker 2: a default sort of thing that oftentimes people they want

1116
00:48:33,440 --> 00:48:35,239
Speaker 2: to move on to the flashier things. I feel, like

1117
00:48:36,360 --> 00:48:39,560
Speaker 2: a good bank and budgeting, or like getting enough sleep

1118
00:48:39,600 --> 00:48:42,040
Speaker 2: and drinking enough water during the day. You know, it's

1119
00:48:42,080 --> 00:48:43,560
Speaker 2: like they're the kind of things that people don't want

1120
00:48:43,600 --> 00:48:45,719
Speaker 2: to pay attention to. Everybody wants wants to move on

1121
00:48:45,800 --> 00:48:49,920
Speaker 2: to like supplements and these procedures just whatever else that

1122
00:48:49,920 --> 00:48:51,640
Speaker 2: you want to do to like optimize your health, when

1123
00:48:51,640 --> 00:48:52,760
Speaker 2: in reality.

1124
00:48:52,360 --> 00:48:55,160
Speaker 1: It's like, let's let's start with the basics first, man, Yeah,

1125
00:48:55,160 --> 00:48:58,839
Speaker 1: it's was it John Wooden, the coach of UCLA. Who

1126
00:48:58,880 --> 00:49:00,719
Speaker 1: would I think have the wrong guy?

1127
00:49:01,200 --> 00:49:01,640
Speaker 2: I think back.

1128
00:49:01,800 --> 00:49:03,680
Speaker 1: I mean this was like many many decades ago. I

1129
00:49:03,719 --> 00:49:07,080
Speaker 1: think he would have his players like retie their shoelaces

1130
00:49:07,239 --> 00:49:10,520
Speaker 1: multiple times, like before they started practice, and he was

1131
00:49:10,719 --> 00:49:12,799
Speaker 1: he was like just this sort of story, let's get

1132
00:49:12,840 --> 00:49:16,880
Speaker 1: the basics down, guys. And it seems silly, but there

1133
00:49:17,000 --> 00:49:19,640
Speaker 1: really is something to the importance of the basics and

1134
00:49:19,800 --> 00:49:22,920
Speaker 1: the trying to move past those things and get onto

1135
00:49:23,000 --> 00:49:24,600
Speaker 1: like Tomahawk's lamb dunks or.

1136
00:49:24,600 --> 00:49:24,960
Speaker 2: Something like that.

1137
00:49:25,080 --> 00:49:27,400
Speaker 1: Maybe I'm making a lot of basketball references randomly in

1138
00:49:27,440 --> 00:49:29,239
Speaker 1: this episode for some reason, a basketball state of might.

1139
00:49:29,280 --> 00:49:32,120
Speaker 1: I don't even really watch basketball, but yeah, I think

1140
00:49:32,360 --> 00:49:35,040
Speaker 1: moving past the basics too quickly is a bad idea.

1141
00:49:35,160 --> 00:49:37,200
Speaker 1: Like you want to get those things covered, feel like

1142
00:49:37,239 --> 00:49:39,600
Speaker 1: you're you're solid in those regards, and that's going to

1143
00:49:39,680 --> 00:49:42,560
Speaker 1: move the needle like seventy to eighty percent of the way,

1144
00:49:42,760 --> 00:49:45,040
Speaker 1: and then you can, you know, gradually address the remaining

1145
00:49:45,040 --> 00:49:47,440
Speaker 1: twenty percent of the important money questions that you have.

1146
00:49:47,600 --> 00:49:50,040
Speaker 1: But big money went for Leslie for sure, getting rid

1147
00:49:50,080 --> 00:49:52,680
Speaker 1: of the big bank. Finally, that's right, Let's get back

1148
00:49:52,719 --> 00:49:54,760
Speaker 1: to our beer, Joel. So at the beginning I said,

1149
00:49:54,840 --> 00:49:58,080
Speaker 1: I just called this small batch by Monday Night Brewery.

1150
00:49:58,680 --> 00:50:01,680
Speaker 1: But that's just the line of beers whatever. So there's

1151
00:50:01,719 --> 00:50:02,799
Speaker 1: this even smaller.

1152
00:50:02,560 --> 00:50:06,319
Speaker 2: Label that is really aged, so I can barely read it,

1153
00:50:06,360 --> 00:50:09,319
Speaker 2: and it looks like it says Falling Sea Tap or

1154
00:50:09,320 --> 00:50:13,120
Speaker 2: something like that, but no, it says Falling Star. So

1155
00:50:13,239 --> 00:50:15,520
Speaker 2: the little bottom part of our war off there as

1156
00:50:15,520 --> 00:50:18,960
Speaker 2: well as the middle of the sky Falling Star and

1157
00:50:19,040 --> 00:50:21,520
Speaker 2: I looked it up online, so there you go, which

1158
00:50:21,560 --> 00:50:24,680
Speaker 2: is this is a tart Seyson ale age on second

1159
00:50:24,800 --> 00:50:29,200
Speaker 2: used cherries Montmorency cherries specifically that were left over after

1160
00:50:29,239 --> 00:50:30,600
Speaker 2: a spontaneous brew.

1161
00:50:30,680 --> 00:50:32,040
Speaker 1: What do you think about this beer, dude? This is

1162
00:50:32,080 --> 00:50:35,520
Speaker 1: one of my absolute favorite beer styles. Tart seysons so

1163
00:50:35,600 --> 00:50:38,080
Speaker 1: good like non tart saisons with a little.

1164
00:50:37,840 --> 00:50:39,120
Speaker 2: Bit of the cherry action going on.

1165
00:50:39,239 --> 00:50:41,640
Speaker 1: Yes, just a little bit of that cherry coming through.

1166
00:50:41,680 --> 00:50:43,800
Speaker 2: This is like the perfect barrel age sour.

1167
00:50:43,920 --> 00:50:44,160
Speaker 7: Yeah.

1168
00:50:44,200 --> 00:50:45,920
Speaker 1: I mean, I'd even be okay with more fruit, but

1169
00:50:45,960 --> 00:50:47,440
Speaker 1: the fact that it's second used cherries, you're not going

1170
00:50:47,480 --> 00:50:49,800
Speaker 1: to get as much of the flavor coming through, but it's

1171
00:50:49,840 --> 00:50:52,560
Speaker 1: still I'm a big fan of tart saisons and with

1172
00:50:52,600 --> 00:50:54,520
Speaker 1: a little bit of that fruit action in it, Man,

1173
00:50:54,600 --> 00:50:56,520
Speaker 1: this thing is super tasty.

1174
00:50:56,280 --> 00:50:58,800
Speaker 2: Well balanced, So it's got the right amount of sweetness

1175
00:50:58,800 --> 00:51:01,239
Speaker 2: going on, with a right on a funk as well

1176
00:51:01,239 --> 00:51:05,080
Speaker 2: that you get from like you can taste the previous

1177
00:51:05,200 --> 00:51:08,520
Speaker 2: spontaneous ale that this was derived from. Yeah, essentially, and.

1178
00:51:08,480 --> 00:51:11,120
Speaker 1: There's something it's really hard to describe what funk means

1179
00:51:11,160 --> 00:51:13,840
Speaker 1: in a beer, but you know. It's one of the

1180
00:51:13,880 --> 00:51:15,560
Speaker 1: things where you know it when you taste it. Yeah,

1181
00:51:15,560 --> 00:51:17,120
Speaker 1: and it's delicious, Like once.

1182
00:51:17,000 --> 00:51:19,920
Speaker 2: You've experienced a spontaneously fermented beer, you just know what

1183
00:51:19,960 --> 00:51:20,440
Speaker 2: it tastes like.

1184
00:51:20,480 --> 00:51:23,399
Speaker 1: And it's just got this like depth in this there's

1185
00:51:23,400 --> 00:51:26,520
Speaker 1: a level of like interesting vibes being put out by

1186
00:51:26,520 --> 00:51:28,560
Speaker 1: the funkiness of the beer. The way it kind of

1187
00:51:28,560 --> 00:51:31,480
Speaker 1: comes across your tongue and the different sorts of flavor

1188
00:51:31,520 --> 00:51:35,400
Speaker 1: impact it has like on your psyche is like significant.

1189
00:51:35,440 --> 00:51:37,640
Speaker 1: So I am a big fan. This is my jam.

1190
00:51:38,000 --> 00:51:40,480
Speaker 2: Joel's really taking this beer to hearts made me crazy, Matt.

1191
00:51:40,920 --> 00:51:42,640
Speaker 2: This one's been aged as well, so it's bottled back

1192
00:51:42,640 --> 00:51:44,960
Speaker 2: in April of twenty twenty two. Some beers like fresh

1193
00:51:44,960 --> 00:51:46,680
Speaker 2: hop IPAs you want to drink as soon as possible.

1194
00:51:46,680 --> 00:51:50,520
Speaker 2: But beers like this, dude, just find cellared. They're good

1195
00:51:50,600 --> 00:51:52,600
Speaker 2: for many years down the road. Sometimes they just get

1196
00:51:52,640 --> 00:51:55,279
Speaker 2: better with time. Indeed, like you my friend. Yeah, well, dude,

1197
00:51:55,320 --> 00:51:57,879
Speaker 2: this is the last episode of twenty twenty four. So

1198
00:51:58,239 --> 00:52:00,440
Speaker 2: to everyone out there, we hope you have a great

1199
00:52:01,200 --> 00:52:05,040
Speaker 2: New Year's Eve tomorrow, and hey, we'll actually have an

1200
00:52:05,040 --> 00:52:08,000
Speaker 2: episode for you here come January first. So you can

1201
00:52:08,040 --> 00:52:11,520
Speaker 2: look forward to that one. We're not slacking plus fantastic

1202
00:52:11,600 --> 00:52:12,640
Speaker 2: twenty twenty five.

1203
00:52:12,480 --> 00:52:15,000
Speaker 1: And not to dampen all the money wins from today, Matt,

1204
00:52:15,040 --> 00:52:17,279
Speaker 1: but it's time to start plotting out what sort of

1205
00:52:17,280 --> 00:52:19,520
Speaker 1: wins you want to accomplish in twenty twenty five. So

1206
00:52:19,800 --> 00:52:22,080
Speaker 1: I know that's on people's minds right now. Be thinking

1207
00:52:22,080 --> 00:52:24,120
Speaker 1: about it and make sure you have some audacious money

1208
00:52:24,160 --> 00:52:26,160
Speaker 1: goal set for yourself. Can't wait to hear from you

1209
00:52:26,239 --> 00:52:27,680
Speaker 1: a year from now after you crush.

1210
00:52:27,520 --> 00:52:30,000
Speaker 2: Them exactly, But buddy, that's going to be it until

1211
00:52:30,040 --> 00:52:32,560
Speaker 2: next time. Best Friends Out, Best Friends Out,