WEBVTT - Ep 308: Why I-Bonds Are Suddenly A Sexy Investment. 0:00:06.400 --> 0:00:10.840 Hey, hey, hey, ooh got that. 0:00:11.800 --> 0:00:12.080 You know. 0:00:13.600 --> 0:00:14.440 We're back. 0:00:15.520 --> 0:00:29.640 We're black, we'd brawn, ambition, ambition, Wow, dressed like Destiny's child, 0:00:30.080 --> 0:00:32.680 throw back clips, Mama Tina's always. 0:00:32.560 --> 0:00:35.839 Instead of We're Dusty, get it? Instead of Destiny Dusty 0:00:35.880 --> 0:00:37.400 shop just a little dusty. 0:00:37.520 --> 0:00:41.000 Just a little junkier. Yes, Oh that's all good. It's 0:00:41.040 --> 0:00:43.680 been so long I haven't been in a single mood 0:00:43.680 --> 0:00:49.480 without your babes. I'm glad to be back ish back ish, Yes, 0:00:49.760 --> 0:00:52.200 I love that, giving yourself free to define it however 0:00:52.240 --> 0:00:55.360 the hell you want. I'm exhausted from Mother's Day. I 0:00:55.400 --> 0:00:56.120 have to be honest. 0:00:56.880 --> 0:00:59.560 Did the baby make you anything? In school? 0:01:00.280 --> 0:01:02.360 It's a lot of freaking work to have to be 0:01:02.440 --> 0:01:04.840 a mom on Mother's Day. And every mom that I've 0:01:04.880 --> 0:01:07.200 run into since yesterday we just all look at each 0:01:07.200 --> 0:01:09.880 other like you're out here too. You don't want to 0:01:09.880 --> 0:01:12.520 be yep. You just want to take a nap, don't you. 0:01:12.800 --> 0:01:13.080 Yep. 0:01:13.160 --> 0:01:15.600 But they keep making us do things, the brunches, and 0:01:17.520 --> 0:01:20.240 it's great. You know, Rio made me his first little 0:01:20.280 --> 0:01:22.040 he's big enough now he can actually, like, you know, 0:01:22.280 --> 0:01:25.000 sign a card while he scribbles. But yeah, and he 0:01:25.480 --> 0:01:28.039 made They made the kids did little wind chimes for 0:01:28.120 --> 0:01:31.600 us at take care. So it's so so proud of himself. 0:01:31.640 --> 0:01:34.120 When he walked in and gave it to me, it 0:01:34.160 --> 0:01:34.840 was adorable. 0:01:34.880 --> 0:01:36.680 But I gotta keep it forever and ever and ever. 0:01:37.560 --> 0:01:40.360 I will because it's his full little wind chime. It's 0:01:40.400 --> 0:01:42.160 not like I don't know an ashtray. That's what I 0:01:42.240 --> 0:01:44.319 used to make my mom's. But oh my god, that's 0:01:44.319 --> 0:01:45.160 not cool anymore. 0:01:46.280 --> 0:01:48.480 Let me think about the times, right, Oh my god. 0:01:48.600 --> 0:01:53.160 It's like my sister Carol, like her her son Roman 0:01:53.240 --> 0:01:55.800 made her some little like I don't know, I don't 0:01:55.840 --> 0:01:58.280 I don't know if it was a flower vase or 0:01:58.320 --> 0:01:59.880 like whatever, but they had like his picture on it, 0:02:00.520 --> 0:02:03.240 and he told her like if she didn't right, he 0:02:03.320 --> 0:02:04.120 was gonna take it back. 0:02:05.800 --> 0:02:08.320 Of course he would say that. So now me, there 0:02:08.400 --> 0:02:10.480 is a did you check the terms and conditions of this? 0:02:10.720 --> 0:02:13.000 I mean the behavior clause? 0:02:13.440 --> 0:02:14.959 I mean I couldn't believe it. She was like, you 0:02:15.000 --> 0:02:16.600 can't take it back? He said, I can't, and I will. 0:02:16.960 --> 0:02:19.280 And then Amelia created a chart where it's like she 0:02:19.400 --> 0:02:21.959 found that they have this behavior chart for her where 0:02:22.080 --> 0:02:25.160 literally it's just chart, mommy chart, and every day because 0:02:25.200 --> 0:02:26.720 like in school. I guess they have a little box. 0:02:26.720 --> 0:02:28.359 If you behave you get a check. If you don't, 0:02:28.400 --> 0:02:30.400 you get an X. So apparently they got a running 0:02:30.440 --> 0:02:32.560 chart for her in their room. Can you imagine judging 0:02:32.560 --> 0:02:32.919 her mom? 0:02:35.480 --> 0:02:39.240 Yeah, actually I can't imagine it. The people. She's lost control, 0:02:39.280 --> 0:02:39.600 that's what. 0:02:39.800 --> 0:02:40.320 Yes, it is. 0:02:40.480 --> 0:02:42.600 They literally she lost control. 0:02:43.320 --> 0:02:45.760 The calls coming in from inside the house. She took it. 0:02:45.840 --> 0:02:47.160 She put in our group chat. She was like, look 0:02:47.160 --> 0:02:49.800 at these dag on kids check deciding if I was 0:02:49.840 --> 0:02:51.440 good today. 0:02:52.480 --> 0:02:55.800 We do that ourselves in our own minds. We don't 0:02:55.800 --> 0:02:58.760 need the kids to criticize us. We're already bad. Yeah, 0:02:58.800 --> 0:03:01.960 it was a que did cook for me. Husband did cook, 0:03:02.000 --> 0:03:04.400 but in order for him to have all of the hours, 0:03:04.400 --> 0:03:07.120 he needed to do things like shop and cook a 0:03:07.200 --> 0:03:10.520 meal as like babysitter. Didn't you didn't think about that? Nope? Okay, 0:03:10.560 --> 0:03:13.040 I'm just gonna be sitting here and it's raining cats 0:03:13.040 --> 0:03:15.600 and dogs. So I was really stuck indoors with my 0:03:15.680 --> 0:03:19.280 wild child. But it was lovely. Long story short though, 0:03:19.280 --> 0:03:21.919 I booked a massage for myself tomorrow so we all 0:03:21.960 --> 0:03:25.120 make Tuesday, when everyone's at daycare and work and out 0:03:25.160 --> 0:03:28.200 of my damn way, we're making Tuesday Mother's Day. 0:03:28.360 --> 0:03:30.560 Okay, we gonna be our It's like, no, you have 0:03:30.600 --> 0:03:34.560 to create space and time. I was on my neighbor 0:03:34.560 --> 0:03:37.920 and next door I was like, I've been looking to purchase, 0:03:38.000 --> 0:03:41.960 like you know, like another home or whatever. And my 0:03:41.960 --> 0:03:44.080 neighbor next door looks like he was like gearing up 0:03:44.120 --> 0:03:47.120 to move. And then a friend of mine told me, girl, like, 0:03:47.280 --> 0:03:49.160 you know how there's like financial stuff that happens in 0:03:49.160 --> 0:03:51.480 the news, but then it's like it hits home. So 0:03:52.160 --> 0:03:54.200 she was supposed to buy a house around the corner. 0:03:55.200 --> 0:03:57.400 House is really beautiful. It's really hard to get into 0:03:57.400 --> 0:03:59.840 this neighborhood. She found it. She had a great interest 0:04:00.160 --> 0:04:02.720 that she locked in for three percent, which is awesome 0:04:03.120 --> 0:04:07.320 historical lows we all know. But the problem is is 0:04:07.400 --> 0:04:11.480 that the seller's agent was slow. And if you don't 0:04:11.520 --> 0:04:14.800 know anything about interest rates is typically the bank will 0:04:14.840 --> 0:04:17.599 give you a specific number of days, you know, sometimes 0:04:17.640 --> 0:04:22.080 it's thirty days or whatever to secure like whatever, basically 0:04:22.080 --> 0:04:24.359 to get all your stuff together. So she had done 0:04:24.960 --> 0:04:27.000 all of her stuff and gotten all her stuff together, 0:04:27.040 --> 0:04:29.440 and the seller's agent, so that means the people that 0:04:29.480 --> 0:04:32.520 represent the people who are selling the house were supposed 0:04:32.560 --> 0:04:37.160 to get their stuff together, and they did not the agent. 0:04:37.440 --> 0:04:41.000 So the ratelock expired, yes, and she. 0:04:41.000 --> 0:04:44.159 Went from three percent to six percent, and now she 0:04:44.200 --> 0:04:45.400 can't afford the house. 0:04:46.360 --> 0:04:49.000 Rates at three percent, like that was a couple months ago, 0:04:49.040 --> 0:04:51.960 like rates took gone back up. Now that's the raising. 0:04:51.720 --> 0:04:56.320 Rates, I know. So you know she is livid. Now 0:04:56.360 --> 0:04:59.400 here's the thing, you know, Like folks don't really understand 0:04:59.400 --> 0:05:02.320 that sometimes, Like so if your rate goes up, it 0:05:02.400 --> 0:05:06.520 makes the price of the house, not necessarily go up, 0:05:06.720 --> 0:05:09.920 but it certainly makes the monthly ay, monthly payment go up. 0:05:10.000 --> 0:05:11.280 So now all of a sudden, who someone who could 0:05:11.320 --> 0:05:14.720 afford this five hundred thousand dollars home can only afford 0:05:14.760 --> 0:05:16.719 a four hundred and fifty thousand dollars home because they 0:05:16.760 --> 0:05:19.440 can't afford the monthly payments of the five hundred thousand 0:05:19.440 --> 0:05:22.440 dollars home unless the interest rate was super low. And 0:05:22.480 --> 0:05:24.720 so now you're gonna have homes that it's like some 0:05:24.760 --> 0:05:26.760 of these homes are gonna have to adjust their prices 0:05:27.240 --> 0:05:30.279 just because people who could afford them, you know, with 0:05:30.360 --> 0:05:31.840 the lower interest rate, are not gonna be able to 0:05:31.880 --> 0:05:34.560 afford them now. So it's like, yikes, tell me we're 0:05:34.560 --> 0:05:36.360 headed for a recession. Without telling me we were heading for 0:05:36.400 --> 0:05:37.400 a recession. 0:05:37.040 --> 0:05:40.160 Child, I know's that's the whispers out there, and then 0:05:40.200 --> 0:05:43.160 the stock market. You know, I'm usually pretty good. This 0:05:43.200 --> 0:05:44.920 is not our first rodeo. How long you've been doing 0:05:44.920 --> 0:05:47.359 this show? Seven years now? How many different stock market 0:05:47.400 --> 0:05:50.040 dips have we come and said to y'all, calm down, 0:05:50.240 --> 0:05:53.440 is gonna be all right? Don't look ooh. I was 0:05:53.520 --> 0:05:56.200 like this last night looking at my four one not 0:05:56.279 --> 0:05:58.280 my four to one K, but my well, you know, 0:05:58.360 --> 0:06:00.480 my four to one k's that I'm now consolidate into 0:06:00.520 --> 0:06:04.159 my you know, my one central brokerage account. And I'm 0:06:04.839 --> 0:06:07.080 here's the thing, you know, on your brokerage account, you 0:06:07.080 --> 0:06:11.039 can view the returns from like year to date, one 0:06:11.120 --> 0:06:13.400 year ago, five years. I like to start with a 0:06:13.480 --> 0:06:17.120 ten year Outlook, how has this performed over ten years? 0:06:17.520 --> 0:06:19.280 And I was like, oh, you know, it's up. I 0:06:19.279 --> 0:06:22.000 don't I forget what the double digits you know? Up? Okay, 0:06:23.040 --> 0:06:24.760 But yeah, if you look to how I've been doing 0:06:24.800 --> 0:06:28.039 since January eight, ain't a pretty picture. I lost. Yeah, 0:06:28.240 --> 0:06:31.400 it was down negative, negative, negative, But let's talk about 0:06:31.480 --> 0:06:36.560 why and what's going on it seems like a million 0:06:37.040 --> 0:06:40.360 different things. One, the FED is raising interest rates, yes, 0:06:40.839 --> 0:06:44.440 and businesses aka those things that make up the stock 0:06:44.480 --> 0:06:50.720 market don't love higher borrowing costs. In general, inflation is 0:06:50.760 --> 0:06:54.640 still krai krak, like insanely crazy. 0:06:54.760 --> 0:06:56.719 Right, it's looking like ninety eighty Some of y'all wasn't 0:06:56.720 --> 0:06:57.240 even born then. 0:06:57.920 --> 0:06:59.919 Yeah, I'm about to google it right now? What is 0:07:00.040 --> 0:07:02.640 inflation rate? What's it been like? Eight percent? It's forty years. 0:07:02.680 --> 0:07:03.920 It hasn't been as high as it is. 0:07:04.080 --> 0:07:06.880 I know, I'm forty two, so I was two years old. 0:07:06.880 --> 0:07:09.800 We left experienced this craziness eight. 0:07:09.640 --> 0:07:10.600 And a half percent. 0:07:11.680 --> 0:07:14.200 I just checked high. You know, why did I Why 0:07:14.240 --> 0:07:16.520 did that march? Why did many make me do this? 0:07:16.600 --> 0:07:21.720 I just checked, like, don't For the last three months, 0:07:21.720 --> 0:07:26.120 I'm down twenty three basically twenty four percent. Yo, that's cristy. 0:07:26.360 --> 0:07:28.160 Quick quick, look at the ten year old look quick qick. 0:07:28.080 --> 0:07:29.960 Okay, okay, for the all time of all time. Okay, 0:07:29.960 --> 0:07:32.640 I've all come up fourteen percent of all time. See, 0:07:32.640 --> 0:07:33.720 there we go, and. 0:07:33.920 --> 0:07:39.040 The peddercatter anxiety starts to relay. Okay, yes, but I 0:07:39.120 --> 0:07:41.160 really had to do that because it's stressful. It's like 0:07:41.160 --> 0:07:42.360 should I be doing something different? 0:07:42.880 --> 0:07:45.600 No, No, the truth, Well that's not true. Here's the thing. 0:07:45.960 --> 0:07:51.440 Here's the thing. We started off Frans anyway, So that's 0:07:51.480 --> 0:07:59.480 all right. So the thing is is that during the 0:07:59.560 --> 0:08:03.320 last major recession two thousand and nine, and that's when 0:08:03.400 --> 0:08:05.320 wealth was made for so many people. You hear people 0:08:05.320 --> 0:08:07.680 say that over and over and over again, and then 0:08:07.720 --> 0:08:10.400 we lose our minds every time. We have the opportunity 0:08:10.440 --> 0:08:13.760 to grow wealth in this way. And the reason why 0:08:13.800 --> 0:08:16.000 you have the opportunity to grow wealth in this way 0:08:16.440 --> 0:08:19.560 is that there are things that are legitimately down, like 0:08:19.600 --> 0:08:22.160 this is not a good company down, And there are 0:08:22.200 --> 0:08:25.080 things that are down situationally like this is a good company, 0:08:25.080 --> 0:08:28.120 but everybody down, so you down to So if you 0:08:28.200 --> 0:08:31.120 have companies that you've been studying and you know this 0:08:31.240 --> 0:08:33.319 is actually like a really good company, or maybe it's 0:08:33.320 --> 0:08:35.360 just the market itself, because the market goes up and down, 0:08:35.400 --> 0:08:38.319 up and down, that you might say, I'm going to 0:08:38.360 --> 0:08:41.400 invest in like the overall market through an ETF, which 0:08:41.480 --> 0:08:44.720 is like a group of stocks and bonds and other 0:08:44.880 --> 0:08:49.320 financial instruments that you can purchase that mimics what the 0:08:49.360 --> 0:08:52.400 market does. You know, this is not certainly not investment advice, 0:08:52.440 --> 0:08:55.199 but I'm just saying in general that, like, you know, 0:08:55.520 --> 0:08:58.640 when the market is down, it may present an opportunity 0:08:59.160 --> 0:09:02.600 to stock up on things that are quote unquote on sale. 0:09:02.760 --> 0:09:04.760 But remember, in order for something to be on sale, 0:09:04.920 --> 0:09:08.040 it actually has to be the real value. It's really 0:09:08.080 --> 0:09:11.239 worth the value. It just happens to be temporarily discounted. 0:09:11.280 --> 0:09:14.160 That's the key to investing is finding things that are 0:09:14.200 --> 0:09:17.480 temporarily discounted, stocking up when you're on sale, and when 0:09:17.520 --> 0:09:19.800 they return the regular price, getting you behind on Etsy 0:09:19.840 --> 0:09:22.760 and settle them for full price, y'all. That is what 0:09:23.200 --> 0:09:26.160 So there's real opportunity here that yes, you might have 0:09:27.400 --> 0:09:31.280 lost money, but know that over the last hundred years, 0:09:31.440 --> 0:09:36.040 the market has always gone back up and exceeded where 0:09:36.080 --> 0:09:39.280 it was previously. So if we were to look back, 0:09:39.440 --> 0:09:42.360 you know, last fifty years, one hundred years, we know 0:09:42.440 --> 0:09:44.280 that that is likely to happen. Of course, no one 0:09:44.280 --> 0:09:46.840 knows the future, but it might be an opportunity to 0:09:46.840 --> 0:09:48.760 like stock up. I'm certainly looking I have a stock 0:09:49.480 --> 0:09:52.520 or an investment WhatsApp chat and we're always talking about 0:09:52.559 --> 0:09:54.200 things like you know, what are you gonna pick up 0:09:54.280 --> 0:09:56.800 that's on sale? So what about you, mandra how are 0:09:56.840 --> 0:09:58.400 you going to be riding this wave? 0:09:59.040 --> 0:10:02.599 Well, you know what I love? Well, I want to 0:10:02.640 --> 0:10:04.960 talk about something else. I love this podcast called The Indicator, 0:10:05.000 --> 0:10:06.520 and I have to shout them out. They are like 0:10:06.559 --> 0:10:09.880 a ten minute, quick little They basically pick one economic 0:10:10.000 --> 0:10:12.280 indicator and they kind of dive into it each week, 0:10:12.640 --> 0:10:14.640 and I love it. It's a great little nugget of 0:10:14.640 --> 0:10:18.120 a show. And last week's episode had me really noodling 0:10:18.160 --> 0:10:21.280 because they were talking about eye bonds, which don't sound 0:10:21.320 --> 0:10:23.720 sexy at all. You think about bond savings bonds and 0:10:23.760 --> 0:10:26.080 you're like, oh, that thing that grandma bought me, you know, 0:10:26.200 --> 0:10:28.800 in the early nineties or or eighties or whatnot. But 0:10:28.960 --> 0:10:31.600 inflation bonds have been getting really, really sexy. And there's 0:10:31.600 --> 0:10:33.680 this one particular bond called the eye bond, which they 0:10:33.760 --> 0:10:35.520 talked about and then after I heard about it, I 0:10:35.559 --> 0:10:39.000 was like googling it and really interested. But because of inflation, 0:10:39.280 --> 0:10:41.800 they basically created this product called the ie bond back 0:10:41.840 --> 0:10:45.640 in the nineties to give investors an alternative, like another 0:10:45.679 --> 0:10:48.600 way to invest their money that was relatively safe, that 0:10:48.720 --> 0:10:51.800 was actually backed by the government, so you're never going 0:10:51.880 --> 0:10:53.200 to lose the money that you put in and it 0:10:53.240 --> 0:10:57.240 had a guaranteed interest rate. And because of how it's 0:10:57.240 --> 0:11:00.560 called the inflation bond, the eebond, because it is meant 0:11:00.640 --> 0:11:04.080 to protect you against inflation. Now, before you get too excited, 0:11:04.120 --> 0:11:05.400 and I'm going to tell you what the interest rate 0:11:05.480 --> 0:11:11.880 is today. Guaranteed nine point six two percent interest rate guaranteed, guaranteed. Right, 0:11:12.640 --> 0:11:15.320 you can only put ten thousand dollars in a year. Okay, 0:11:15.360 --> 0:11:18.840 so that's the one caveat. But it exists now, right, 0:11:19.160 --> 0:11:22.400 inflation bonds, it exists. It's not as it's not a scam. 0:11:22.520 --> 0:11:25.680 Girl. If you see me, I'm living and I know 0:11:25.840 --> 0:11:29.760 risk adverse investor like you, You're like, I'm like ibond 0:11:29.800 --> 0:11:32.680 for when I speak to Angelie, my financial advisor this 0:11:32.800 --> 0:11:37.400 coming week, I'm like, girl, please explain ibond nine point percent? 0:11:37.440 --> 0:11:40.960 You said nine point six two. Nine point six two. 0:11:41.559 --> 0:11:43.280 I'll look at my old friend Ken getting quoted in 0:11:43.360 --> 0:11:45.960 this article about them. Now. This is Ken, my friend Ken. 0:11:46.000 --> 0:11:48.000 We used to work together at when I was at 0:11:48.000 --> 0:11:50.440 a couple companies ago. He's the founder of a website 0:11:50.480 --> 0:11:53.320 called depositi Accounts dot com. When you talk about the 0:11:53.760 --> 0:11:56.000 you know, revenge of the Nerds, and like people who 0:11:56.040 --> 0:11:59.560 are obsessed with conservative, you know, investments. Ken Tuoman is 0:11:59.600 --> 0:12:02.600 like the ring leader and he's amazing. So he's I'm 0:12:02.640 --> 0:12:04.920 sure he's just dancing and having a party right now. 0:12:05.000 --> 0:12:07.839 Everyone's thinking eebonds are sexy, But I yeah, I read 0:12:07.880 --> 0:12:10.400 about it, and I'm actually I'm thinking less about my 0:12:10.400 --> 0:12:12.640 investments these days, and I just don't have the bandwidth. 0:12:12.640 --> 0:12:15.360 But my dad is finally getting his act together as 0:12:15.400 --> 0:12:17.839 sixty two no shout out to my dad, and he 0:12:18.600 --> 0:12:21.400 had me open him up a brokerage account at Vanguard 0:12:21.400 --> 0:12:24.679 and he put in, you know, some money and I'm 0:12:24.960 --> 0:12:27.079 meant to be figuring out how to invest it, and 0:12:27.320 --> 0:12:29.959 I'm like, duh, iebond, Like, at least that's the first 0:12:30.000 --> 0:12:32.400 step for someone like him who's in his early sixties 0:12:32.400 --> 0:12:35.360 and he needs to he literally needs to hedge against inflation. 0:12:35.600 --> 0:12:37.920 And that's what that's what the eyebond is meant to do. 0:12:38.000 --> 0:12:41.040 It's meant to, at the minimum, keep your money protected 0:12:41.040 --> 0:12:43.360 against inflation so that the dollar you put in today 0:12:43.360 --> 0:12:45.880 will at least be a dollar you know down the road. 0:12:46.200 --> 0:12:48.520 But because of how high inflation is, we just said, 0:12:48.520 --> 0:12:51.480 like what eight nine percent has? How crazy? So the 0:12:51.679 --> 0:12:54.480 eyebond rate has gone up, so if y'all want to 0:12:54.480 --> 0:12:56.600 look into it, it got my little ears perked up 0:12:56.720 --> 0:12:59.800 this past weekend and anyway, But those limitations the whole 0:12:59.840 --> 0:13:02.439 like only ten thousand things. I think it's ten thousand 0:13:02.480 --> 0:13:05.040 per year, and on top of that it's only you know, 0:13:05.240 --> 0:13:08.360 nine point six percent is exciting, especially when you think 0:13:08.400 --> 0:13:12.040 about how much do we lose? You said twenty something percent. Yeah, 0:13:12.240 --> 0:13:14.760 but still over the ten year period. What I think 0:13:14.800 --> 0:13:17.080 I was up like you said fourteen, I haven't looked 0:13:17.080 --> 0:13:19.640 at mine, but double digits, right, So that you don't 0:13:19.640 --> 0:13:22.400 have the potential to be as high as a stock market. 0:13:22.840 --> 0:13:25.320 So that's why it's obviously not the only answer, but 0:13:25.400 --> 0:13:28.280 it can be one one, just one investment that I 0:13:28.320 --> 0:13:29.679 was thinking about outside. 0:13:29.720 --> 0:13:31.320 So that's what they call it, like a hedge, right, 0:13:31.360 --> 0:13:36.079 because basically when you do that, it's like like, for example, 0:13:36.559 --> 0:13:37.720 for those of you're like, what does that mean when 0:13:37.720 --> 0:13:41.240 people say they're hedging their bets, it means then as 0:13:41.240 --> 0:13:43.719 they take a risk over here and we all know 0:13:43.720 --> 0:13:45.400 which way it's gonna go, you might go to twenty 0:13:45.400 --> 0:13:48.880 three percent, thirty percent, whatever. You hedge your bets by saying, 0:13:49.160 --> 0:13:53.240 let me keep some things aside for safety. For that way, 0:13:53.280 --> 0:13:55.280 I can only fall but so far, because it's like 0:13:55.559 --> 0:13:58.360 I can you know, with great risk comes great reward. 0:13:58.440 --> 0:14:00.720 So we could go go go go this side and 0:14:00.760 --> 0:14:03.280 then over here. It's like, you know, we can only fall, 0:14:03.320 --> 0:14:06.240 but so much. So with any of these things, really, 0:14:06.320 --> 0:14:09.880 the key is figuring out the balance for you. You know, 0:14:09.960 --> 0:14:12.520 how much do I want to put in like quote 0:14:12.600 --> 0:14:15.079 unquote safer investments and how much do I want to 0:14:15.080 --> 0:14:18.600 put investments that have the ape the potential to go 0:14:18.640 --> 0:14:21.120 as high as possible, but just no, with great height 0:14:21.520 --> 0:14:24.040 comes great falls. Yeah, so you just got to know 0:14:24.080 --> 0:14:25.320 like what that balance is for you. 0:14:25.840 --> 0:14:27.480 Well, one last thing on the ibond, because I did 0:14:27.520 --> 0:14:30.000 bring up this question. Here's the rules. You can put 0:14:30.080 --> 0:14:34.000 up to ten thousand dollars in ebonds per person per year. Okay, 0:14:34.240 --> 0:14:36.960 you have to go to Treasurydirect dot gov where you 0:14:36.960 --> 0:14:40.120 can purchase them, and then you can actually if you're 0:14:40.160 --> 0:14:43.120 getting a federal income tax refund, you can buy up 0:14:43.120 --> 0:14:46.400 to an additional five thousand dollars worth using your income 0:14:46.440 --> 0:14:49.520 tax refund. So if you're a couple and you're filing 0:14:49.560 --> 0:14:52.720 jointly or purchasing these jointly, that means you can buy 0:14:52.800 --> 0:14:56.760 up to twenty five thousand dollars worth per year. So 0:14:57.000 --> 0:15:01.480 definitely a conversation to be had with a individual financial planner, 0:15:01.560 --> 0:15:03.000 not financial vesties us. 0:15:03.120 --> 0:15:05.720 What are you reading that from? Because I'm literally gonna 0:15:05.720 --> 0:15:07.120 eat email on Julie that that. 0:15:07.320 --> 0:15:09.560 My girl and currents from the New York Times. You 0:15:09.600 --> 0:15:11.400 want me to, I'll send you the link right now. 0:15:11.400 --> 0:15:14.240 Oh yes, please do yes and check out that episode 0:15:14.240 --> 0:15:17.280 of the Indicator. Shout out to them. I love them. 0:15:17.640 --> 0:15:22.000 They are my my walk companions on Friday. You'd be 0:15:22.040 --> 0:15:24.320 so proud of me. I'm doing a lot of my 0:15:24.720 --> 0:15:27.040 early morning I don't have early morning business calls. I 0:15:27.120 --> 0:15:30.080 usually have a coaching call every every day at ten am. Okay, 0:15:30.360 --> 0:15:34.920 and I've started a walking regimen. Regimen sounds to belitaristic. 0:15:36.040 --> 0:15:38.560 I dropped the kid off at daycare. I go to 0:15:38.680 --> 0:15:41.560 a park that's a beautiful park and near me, and 0:15:41.600 --> 0:15:44.800 I've been walking and forty five minutes has turned into 0:15:44.880 --> 0:15:48.320 like two hours sometimes. And I'm doing coaching calls. And 0:15:48.360 --> 0:15:51.480 my clients don't mind that I'm walking around. I'm telling you, 0:15:51.560 --> 0:15:54.240 they probably really don't mind because they love it because 0:15:54.520 --> 0:15:59.080 you are you are. It's a teachable moment of what 0:15:59.120 --> 0:16:02.600 it looks like when you align yourself, you get paid 0:16:02.640 --> 0:16:05.400 what you feel is fair, and you can walk and 0:16:05.440 --> 0:16:08.720 talk like Mandra So I love that you had to 0:16:08.720 --> 0:16:10.480 get me out of the space. And it's cold down here, 0:16:11.000 --> 0:16:14.400 and plus it's been like sunny lately or sunny today anyway, 0:16:14.480 --> 0:16:15.640 so I was like, no way am I going to 0:16:15.720 --> 0:16:16.840 sit down here if I don't have to. 0:16:17.440 --> 0:16:18.600 I know, I try to, you know, I try to 0:16:18.600 --> 0:16:20.440 get my daily walk in. And something I happit that 0:16:20.480 --> 0:16:23.680 I picked up when I was in Bali is I 0:16:23.760 --> 0:16:26.000 was like, okay, I'm going to Bali, But what am 0:16:26.040 --> 0:16:27.880 I going to do as far as exercise? Although I 0:16:27.920 --> 0:16:29.960 knew i'd do more hiking and things that normal because 0:16:30.000 --> 0:16:32.520 you know, everything's so beautiful, but still I wanted like 0:16:33.160 --> 0:16:35.880 to bring something with me. And I was at Marshall's 0:16:35.960 --> 0:16:38.280 and you know they have like this exercise section and 0:16:38.320 --> 0:16:40.920 I was like, oh, a jump rope. I have that 0:16:41.000 --> 0:16:43.360 jump rope since I was like a kid, and so 0:16:43.520 --> 0:16:45.440 I got a jump ope. And when I tell you 0:16:46.240 --> 0:16:48.800 I enjoy jump roping, I never thought. I mean, now 0:16:48.840 --> 0:16:51.360 I'm not one of these the boxer. Here's the boxes, 0:16:51.440 --> 0:16:54.520 be like girl, and it sounds more like send a 0:16:54.600 --> 0:16:59.920 RelA just the yellow what like my jump? Yes, it's 0:17:00.120 --> 0:17:04.440 definitely giving sixth grade Tiffany. But when I tell you 0:17:05.359 --> 0:17:07.960 that the inches that I have shred as a result 0:17:08.359 --> 0:17:10.720 of jumping rope and then after I jump, very do 0:17:10.720 --> 0:17:12.920 a little some like calisthetics like sometimes some ludgends and 0:17:12.960 --> 0:17:16.119 squads and some crunches. You know, nothing crazy, you know, 0:17:16.160 --> 0:17:18.480 So but that alone, I mean, it wasn't even that 0:17:18.520 --> 0:17:21.200 I dropped a ton of like weight or anything. It 0:17:21.359 --> 0:17:24.080 was but the inches because like the outfit that I 0:17:24.119 --> 0:17:26.000 wore to Bali, I always have like a travel pair 0:17:26.000 --> 0:17:29.120 of jeans and shirt. It was smaller when I came back, 0:17:29.600 --> 0:17:32.040 and when I had stepped on the scale, fem when 0:17:32.040 --> 0:17:33.760 I came back, because I didn't step in any scales 0:17:33.800 --> 0:17:35.880 and Bali, I was like, okay, I actually had put 0:17:35.960 --> 0:17:39.080 on like two pounds. But yet my sister's like, did 0:17:39.080 --> 0:17:40.640 you eat when you were out there? I'm like why, 0:17:40.760 --> 0:17:42.760 She's like, you you look so like you look like 0:17:42.800 --> 0:17:44.879 you lost a lot, and I had not. It was just, 0:17:45.840 --> 0:17:48.200 you know, like I just really shred inches. And since 0:17:48.240 --> 0:17:51.200 then I've just muscle yes, and so I've been jumping 0:17:51.280 --> 0:17:53.440 rope in the morning in the evening, and I find 0:17:53.440 --> 0:17:56.480 that when I jump rope before bed, I actually sleep better. 0:17:56.680 --> 0:17:58.240 And so I honestly when I say I love it 0:17:58.280 --> 0:18:00.399 because I'm kind of a control free I don't know 0:18:00.400 --> 0:18:02.000 if you know this about mandr and I, because she 0:18:02.080 --> 0:18:04.479 is one too, and I like it. 0:18:04.520 --> 0:18:08.720 So she's gonna drag me down with you. 0:18:08.920 --> 0:18:11.479 That's fine if I'm falling down the rabbit hole. But 0:18:11.520 --> 0:18:14.359 what I love about the jump rope is that, you know, 0:18:14.520 --> 0:18:17.000 like the peloton is the instructor telling me what to do. 0:18:17.000 --> 0:18:19.800 I'm like, leave me alone. The treadmill is like the 0:18:19.800 --> 0:18:22.000 treadmill selling me well. With the jump rope at any 0:18:22.080 --> 0:18:24.879 moment I can stop, I could do as much or 0:18:24.920 --> 0:18:27.320 as little, you know, I mean, it doesn't require like 0:18:27.800 --> 0:18:30.400 all of this like thought process. I jump rope now, 0:18:30.480 --> 0:18:32.359 like talking on the phone with my sister in the morning, 0:18:32.440 --> 0:18:34.800 because it helps, like you know, talking and jumping rope, 0:18:34.960 --> 0:18:36.760 you know, like helps like with me because I had 0:18:36.800 --> 0:18:39.440 asthma as a kid, so it helps me like strengthen 0:18:39.480 --> 0:18:41.359 my lungs. I've heard that it's really good for bone 0:18:41.359 --> 0:18:42.480 density jumping rope. 0:18:43.160 --> 0:18:45.680 I love that you're bringing this up because not long ago. 0:18:45.760 --> 0:18:47.920 I read an article that said that was like jump 0:18:48.040 --> 0:18:48.640 roping is it? 0:18:49.080 --> 0:18:50.199 If you like? 0:18:50.840 --> 0:18:53.600 Yes, it was all about exactly what you're saying, how 0:18:53.600 --> 0:18:56.400 it helps with bone density, how it's a good cardio workout, 0:18:56.440 --> 0:18:59.000 and how it ads what's it when you actually your 0:18:59.040 --> 0:19:01.440 body weight? Like that's why walking and running are good too, 0:19:01.520 --> 0:19:03.680 because you you have to carry yourself in it. I 0:19:03.720 --> 0:19:07.119 don't know, probably something scientific that I'm not qualified to 0:19:07.119 --> 0:19:09.639 speak on, but because of that article, I bought my 0:19:09.720 --> 0:19:12.040