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Speaker 1: Welcome to How the Money. I'm Joel and I and

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Speaker 1: Matt and today we're asking the question should women and

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Speaker 1: men handle money differently? Oh dude, I can't believe we

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Speaker 1: actually went through with this topic. I'd like to ask

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Speaker 1: questions that could potentially get me in trouble that we're

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Speaker 1: actually going to do an episode on this, But we

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Speaker 1: you know, after discussion, you and I thought that there,

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Speaker 1: you know, there were definitely some insights that we can

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Speaker 1: glean from talking about how it is that men and

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Speaker 1: women might be handling their money differently. And then there's

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Speaker 1: just so many studies to that inform us about how

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Speaker 1: men and women have handled money differently in the past.

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Speaker 1: But I think, too, um, there's a way forward after

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Speaker 1: we see that that information, and I think, yeah, you

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Speaker 1: and I are gonna have some some good advice, hopefully

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Speaker 1: to share for men and women based on the stats

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Speaker 1: that we've seen and the studies that are out there.

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Speaker 1: And we're gonna also do our very best to not

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Speaker 1: completely step in it, because that's what I feel like

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Speaker 1: right now, is that we're about to step in it. Well,

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Speaker 1: I promise we're not going to come at this from

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Speaker 1: like a madman perspective. Okay, even though we do like

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Speaker 1: a nice beverage during our work day as well. Before

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Speaker 1: we get into that, though, you want to talk about

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Speaker 1: this fence issue that you've got going on and my

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Speaker 1: hyping it up. Maybe it's not an issue. Actually, well

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Speaker 1: it remains we seen whether it's an issue or not yet.

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Speaker 1: So at one of my rental properties, um my my

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Speaker 1: next door neighbor who actually have never met I we

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Speaker 1: used to live in that home. My next door neighbor

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Speaker 1: rent out his home and and so even when we

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Speaker 1: lived in that house, I never met him, but he

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Speaker 1: left a note on the door saying, hey, please call me.

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Speaker 1: I want to talk about some stuff. My tenant really

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Speaker 1: that on over to me, and it turns out he

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Speaker 1: wants to replace the fence that goes in between both

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Speaker 1: of our yards. And I will say, the fence not

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Speaker 1: attractive and in sections it actually, uh looks pretty rough.

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Speaker 1: It's a chain link fence that's just yeah, has not

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Speaker 1: held up well over the years. But chain link fenstance

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Speaker 1: have definitely fallen out of favor. I mean, I'm not

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Speaker 1: gonna lie. They're pretty hideous, Like we've got one on

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Speaker 1: the back back side of I mean from a utility standpoint,

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Speaker 1: they're pretty great. I mean it's like they will probably

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Speaker 1: be there for another hundred years if you let it.

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Speaker 1: You know, well, this one definitely will not really know,

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Speaker 1: it's already kind of fallen apart in some spots, and

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Speaker 1: so yeah, he wants to to replace it together. And

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Speaker 1: so we're in the midst of getting a quote to

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Speaker 1: kind of see how much it costs and if it's inexpensive.

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Speaker 1: UM willing to jump in on this especially. It's just

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Speaker 1: like it's I feel like it's the right neighborly thing

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Speaker 1: to do. But I will say too, man, if the

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Speaker 1: quote comes back and it's too high, I'm not going

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Speaker 1: to be down for it because it is something that's

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Speaker 1: just not a high priority on my list. I've never

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Speaker 1: had a tenant complain about the fact that the fence

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Speaker 1: isn't in perfect shape. And so yeah, it's kind of

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Speaker 1: one of those like TBD as to whether or not, UM,

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Speaker 1: you know, willing to go half and half on this fence,

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Speaker 1: But my gut is telling me probably not. I don't know.

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Speaker 1: Is that frugal or cheap of me? Ah? Man, This

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Speaker 1: is such a hard one because so on one hand,

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Speaker 1: with it being a rental. Like, in my mind, that's

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Speaker 1: one of the benefits, you know, of having a backyard

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Speaker 1: here in the city is the ability to have a pet.

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Speaker 1: And so for runners thinking, hey, I've got a pet,

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Speaker 1: I would like for them to be able to run

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Speaker 1: in the backyard. To me, like, that's a selling point

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Speaker 1: to having, you know, having a fenced in kind of

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Speaker 1: closed in backyard. Well, and they do actually, so interestingly enough,

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Speaker 1: this fence is kind of up slightly raised on a hill,

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Speaker 1: and and so many of my tenants have had animals.

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Speaker 1: None of those animals have ever gotten out through the fence.

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Speaker 1: So it's it's still does this job, okay, animals and

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Speaker 1: still climb hills though, right, no they can, but it's

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Speaker 1: just it's it's not possible really to get through or

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Speaker 1: over the fence, even with like the disrepair that it

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Speaker 1: might be in. So I mean, okay, So the reason

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Speaker 1: I say that because we found ourselves in a similar

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Speaker 1: situation years ago at our old house. Before we moved out,

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Speaker 1: we knew that we were going to keep that house

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Speaker 1: as a rental, and the fence between us and our

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Speaker 1: neighbor was in complete disrepair. I mean it was like

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Speaker 1: literally there are sections of it that had fallen over.

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Speaker 1: It was an old wooden fence. It had completely rotted

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Speaker 1: out over decades of being exposed to the elements, right,

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Speaker 1: And so in my mind, I was like, you know what,

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Speaker 1: I'm willing to pay because in this case, this is

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Speaker 1: going to be a selling point I guess for future pendants.

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Speaker 1: But yeah, I mean the fact is is it sounds

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Speaker 1: like the fence that you've got there currently it still works, uh,

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Speaker 1: And so I would have a tough time agreeing to

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Speaker 1: replacing something that still is kind of getting the job done. Um.

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Speaker 1: And honestly, dude, from a personal standpoint too, like I

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Speaker 1: know that's like, if any of my neighbors here like

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Speaker 1: next to us wanted to kind of go in on

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Speaker 1: a fence, I'm not sure if I would say yes,

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Speaker 1: because I partly feel that fences are a little overrated.

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Speaker 1: Sounds specifically thinking of our next door neighbors. They don't

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Speaker 1: have any pets. We don't have any pets. Uh, They've got,

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Speaker 1: you know, a couple of young kids. And if that

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Speaker 1: fence were to fall over or start to rot and

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Speaker 1: we wanted to get rid of it, like I would

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Speaker 1: be totally okay if it was just one big open backyard,

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Speaker 1: Like I wouldn't even mind if their kids kind of,

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Speaker 1: you know, played in our back yard a little bit.

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Speaker 1: And so I feel like this is like one of

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Speaker 1: those expenses that it's found its way into our culture

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Speaker 1: and it's like, oh, you've got to have a fence,

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Speaker 1: or if there was in every yard, or if there

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Speaker 1: was the fence there, you have to replace it, right

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Speaker 1: Whereas I want to ask the question of like, well

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Speaker 1: do you actually need to replace it, like is that

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Speaker 1: something that that you could do without, because it's not

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Speaker 1: like I gain a lot of joy from the back

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Speaker 1: that there's a fence between us. And so I think

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Speaker 1: in my mind it kind of depends if it's Yeah,

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Speaker 1: if it's an investment, property or rental, I would lean

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Speaker 1: more towards making sure that there is a functional structure

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Speaker 1: there between homes. But if it's me personally, as long

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Speaker 1: as they don't have a dog, like I don't want

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Speaker 1: a dog running over pooping in the yard, that would suck.

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Speaker 1: But otherwise fences might be overrated. All right, I think

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Speaker 1: I'm with you, And yeah, well I'll wait and see

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Speaker 1: what the what the quote comes back out, Yeah, if

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Speaker 1: it's a pretty low estimate. If it's reasonable, then I

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Speaker 1: might um jump in on this, But my natural tendency

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Speaker 1: is to say, now, the kind of crumby fence is

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Speaker 1: mostly doing its job, still gets it done, so let's

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Speaker 1: just leave good enough alone. I actually still want to

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Speaker 1: see how that fence is falling apart, because in my mind,

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Speaker 1: channeling fences, they don't fall apart like I mean, they're

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Speaker 1: made a metal. All right, I'll show you some pictures. Yeah,

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Speaker 1: all right, let's not mentioned the beer that we're having

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Speaker 1: on the show today. This one's called on Cassette. It's

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Speaker 1: my new Anthem. This is a brewery out of North Carolina.

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Speaker 1: They make excellent beer. So looking forward to sharing this

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Speaker 1: one on this episode with you today, Matt. But let's

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Speaker 1: get onto the subject at hand. We're asking the questions

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Speaker 1: should women and men handle money differently? And Matt, I

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Speaker 1: think part of the reason that we decided to tackle

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Speaker 1: this kind of sensitive topic this week is because Valentine's

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Speaker 1: Day is coming up this weekend. We figured we'd create

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Speaker 1: an episode that discusses the differences between how men and

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Speaker 1: women handle money. There will, of course be some generalizations

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Speaker 1: in this episode. We want to get that out of

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Speaker 1: the way upfront. Many women buck the trend and handle

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Speaker 1: their money very differently than how studies show, And we're

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Speaker 1: gonna be quoting a lot of studies in this episode

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Speaker 1: Brace Yourself, Yeah, and vice versa two. Right, there's a

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Speaker 1: lot of men who handle money a whole lot different

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Speaker 1: than studies show as well. I think there's a general

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Speaker 1: belief that men shoot from the hip when it comes

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Speaker 1: to money, and some of the surveys bear that out.

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Speaker 1: But that's obviously not the case for all dudes either.

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Speaker 1: But I think there are things that we can learn

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Speaker 1: from the data about the tendencies of each sex and

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Speaker 1: their views and actions in the realm of personal finance. Matt,

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Speaker 1: we want to have an open combo today essentially about

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Speaker 1: the pros and cons of how men and women stereotypically

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Speaker 1: handle money, so that we can find some common ground

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Speaker 1: and then all start to make better financial decisions based

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Speaker 1: on the information that's set in front of us. Yeah,

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Speaker 1: that's right. And and you know you mentioned the research,

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Speaker 1: and I'm glad you did, because I mean, that is

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Speaker 1: what we're gonna be looking at. We're gonna be looking

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Speaker 1: at surveys, reports, research, um. And even though these studies

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Speaker 1: are focusing on individuals tweets, maybe some tweets, maybe no tweets. Uh, Like,

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Speaker 1: I wanted to mention that we're we're not necessarily downplaying

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Speaker 1: the fact that there are like structural issues within like

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Speaker 1: our society and within employers, right like specific companies that

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Speaker 1: lead to some of these some of these differences between

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Speaker 1: how men and women are treated or how they handle

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Speaker 1: their money. Right, Like, there are certainly changes that need

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Speaker 1: to be made in different steps that companies and you know,

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Speaker 1: our society as a whole need to take to make

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Speaker 1: sure there is more parity. But I mean, this is

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Speaker 1: how the money and so what we talked about, or

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Speaker 1: like personal changes we can make in our own lives.

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Speaker 1: We're not necessarily looking at policy. We're not looking at

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Speaker 1: some some of these larger issues that are a part

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Speaker 1: of the equation. Yeah, but it is important to acknowledge

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Speaker 1: that they exist and say that's, you know, part of

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Speaker 1: the deal here. We are gonna and some of the

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Speaker 1: stats that we're going to convey in this episode are

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Speaker 1: in part related to some of the structural problems that

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Speaker 1: exist in our society. Yeah, man, you know, it's also

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Speaker 1: important to note that COVID man it has had an

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Speaker 1: even greater impact on women than it has on men. Uh.

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Speaker 1: You know, we talked about the swords the end of

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Speaker 1: last year, but an overwhelming number of women have left

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Speaker 1: the workplace since spring of last year, in large part

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Speaker 1: due to the child care needs of their families. Women

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Speaker 1: are leaving their jobs at a rate four times the

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Speaker 1: rate of men, which is crazy. And a recent Fidelity

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Speaker 1: study found that thirty nine percent of women who haven't

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Speaker 1: you know, made a change yet are considering a change

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Speaker 1: to their work situation, you know, either leaving their job

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Speaker 1: or you know, maybe reducing hours due to COVID. And

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Speaker 1: the same study estimates that taking a short career hiatus

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Speaker 1: could cost upwards of one hundred and fifty thousand dollars

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Speaker 1: in future wealth. Yeah, and so it's just some wanting

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Speaker 1: to note that these decisions have implications beyond just money.

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Speaker 1: Uh you know, but it's you know, worth noting that

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Speaker 1: many women find themselves in an even more precarious financial

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Speaker 1: position right now. Yeah, man, I think too. As we'll

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Speaker 1: see in this episode. Part of the problem isn't that

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Speaker 1: women are worse with money than men. That is, I

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Speaker 1: think sometimes there prevailing narrative, but that's not actually true,

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Speaker 1: and I think actually, when we dig into it, we'll

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Speaker 1: find in many of the scenarios we're gonna talk about,

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Speaker 1: women actually have a better concept of how to handle

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Speaker 1: their money, and they actually handle money better in practice too. Yeah,

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Speaker 1: they do a better job. Yeah, ultimately that that's that's

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Speaker 1: certainly part of the takeaway today. And but one of

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Speaker 1: the issues that women do struggle with more than men

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Speaker 1: is the level of confidence that they have when making

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Speaker 1: money decisions. There was a study of small business owners

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Speaker 1: from the University of Cambridge, and they found that fewer

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Speaker 1: women admitted to their business prospering compared to their male counterparts,

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Speaker 1: even though their businesses were experiencing a greater level of profitability.

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Speaker 1: So women their businesses were doing better, doing great, but

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Speaker 1: they just couldn't admit it. They couldn't they didn't have

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Speaker 1: the confidence to say that that was the case. And

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Speaker 1: maybe some of it was, um the the opposite, a

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Speaker 1: little too much bravado in the case of the mails

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Speaker 1: in that survey, right. But I think one of the

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Speaker 1: things that we want to talk about today on this

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Speaker 1: show is you know, you and I both want to

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Speaker 1: see men and women exude confidence in their money choices,

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Speaker 1: and confidence is tied to knowing what you're doing. You

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Speaker 1: can be confident when you know how the game is

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Speaker 1: played and you know the next steps to take, which

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Speaker 1: is Matt just such a big part of the reason

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Speaker 1: you and I started How to Money. So we want

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Speaker 1: people to have confidence to make the right moves with

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Speaker 1: their money. And I feel like the feedback we get

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Speaker 1: from so many of our listeners is that that's the

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Speaker 1: impact that the show has had. People who didn't otherwise

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Speaker 1: know what to do. They now have a playbook and

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Speaker 1: that breeds confidence. Um, and that allows them to go

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Speaker 1: out there and start kicking but with their personal finances, absolutely, dude. Yeah,

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Speaker 1: and and and so one of the reasons too that

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Speaker 1: we're talking about this today, uh, and why we feel

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Speaker 1: this is so important is that hopefully this gives us

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Speaker 1: maybe a little bit of insight into the inner workings

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Speaker 1: of our spouse or our partner, you know, a little

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Speaker 1: window into how their brain functions. I think that better

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Speaker 1: understanding of why our significant other thinks the way they

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Speaker 1: do about money can be helpful in future money discussions

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Speaker 1: and decisions. And plus two, you know, hopefully it has

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Speaker 1: further reaching implications as well. You know, the more known

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Speaker 1: and understood someone feels like that's gonna lead to them

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Speaker 1: feeling more cared for, more loved, which is only going

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Speaker 1: to result in a stronger relationship. Yeah, knowing our partner's

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Speaker 1: tendencies is super helpful in how we approach them with

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Speaker 1: discussions in particular about money. Maybe we'll be less combative

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Speaker 1: when we're bringing up the topic in general because we

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Speaker 1: better understand, like where they're coming from. Also, Matt, I

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Speaker 1: think knowing the money tendencies that each sex is prone

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Speaker 1: to it can actually help us teach our kids to

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Speaker 1: handle their money better versus using outdated methods of instruction

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Speaker 1: that may be led to some of the disparities that

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Speaker 1: we see in financial outcomes for men and women. Currently,

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Speaker 1: families look different in one than they looked thirty years

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Speaker 1: ago or even just a decade. Stats show that we're

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Speaker 1: seeing far more stay at home dads and more women

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Speaker 1: bringing home the bacon. And that's awesome. So let's make

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Speaker 1: sure that our sons and daughters received the identical lessons

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Speaker 1: when it comes to money. And I think, Matt, sometimes

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Speaker 1: in the past, um that that wasn't the case that

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Speaker 1: young girls and young boys were taught differently about how

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Speaker 1: to think about money and personal finances. And I think

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Speaker 1: in today's day and age, they need the same lessons

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Speaker 1: because they're both just as likely to go out in

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Speaker 1: the workforce, they're both just as likely to own their

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Speaker 1: own business, to be saving for things for the future,

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Speaker 1: and to be investing for their retirement, and so they

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Speaker 1: need all of the same personal finance knowledge poured into

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Speaker 1: their lives as youngsters. Yeah, I mean, the reason that

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Speaker 1: they're just as likely as also too, because they're just

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Speaker 1: as capable, right, and so you know, another I guess

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Speaker 1: reason too that we feel this is important is because

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Speaker 1: we you know, we hope that listeners will be able

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Speaker 1: to handle their money better by being able to recognize

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Speaker 1: certain patterns and tendencies, you know, regardless of their gender. Uh,

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Speaker 1: you might realize that you don't fit the gender stereotypes

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Speaker 1: as we discuss them in that's totally okay. And in fact,

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Speaker 1: you know, like you said, you like this might be

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Speaker 1: a good thing. And if you, you know, if you

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Speaker 1: do find yourself nodding your head, you know, when we

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Speaker 1: talk about how your gender does typically handle their money

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Speaker 1: at least in some of these studies, well, then this

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Speaker 1: episode will be eye opening. Uh As, we're gonna talk

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Speaker 1: about some important instructions as to how you can move forward,

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Speaker 1: and so we'll get to some of the specific ways

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Speaker 1: that you know, men and women might handle their money

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Speaker 1: a little bit differently, but then specifically what you can

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Speaker 1: do about that, and we'll get to all of that

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Speaker 1: right after this break. All right, we're back from the break.

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Speaker 1: We're asking the question today, should women and men handle

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Speaker 1: money differently? Matt? The answer to that question is gonna

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Speaker 1: mean now. But there there's so much information that we

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Speaker 1: came across creating this episode that we feel is important

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Speaker 1: to share, and I think it sheds a lot of

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Speaker 1: light in how men and women have historically handle their

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Speaker 1: money differently. And then I think, you know, you and

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Speaker 1: I have a way forward for all of us together

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Speaker 1: that we want to get to. There was a book,

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Speaker 1: Matt that I never read, but I remember it was

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Speaker 1: so popular a couple of decades ago called Men Are

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Speaker 1: from Mars, Women or from Venus, And that just sounds

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Speaker 1: like a book from a bygone era. I don't know

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Speaker 1: if it's still sold in books are, so I'm sure

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Speaker 1: you can find it like he use bookstore or something

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Speaker 1: like that. That also makes me think of like t

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Speaker 1: G I F on Friday is like going home watching

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Speaker 1: the four shows? Which one was your favorite? Hanging Mr

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Speaker 1: Cooper or boy Meath world Sabrina to the Teenage which,

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Speaker 1: oh yeah, that was a classic to a big fan

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Speaker 1: of that one. Um. I obviously never read by the

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Speaker 1: way men are from Mars women or from Venus. I

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Speaker 1: wasn't really because you're like ten probably came out exactly,

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Speaker 1: but you could tell by the title that the author

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Speaker 1: was highlighting gender differences. And while men and women do

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Speaker 1: have far more in common than the author probably would

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Speaker 1: like to admit who wrote that book, there are some

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Speaker 1: really important divergences that are worthy of our consideration. Yeah. So,

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Speaker 1: first of all, let's talk about how you get money

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Speaker 1: in the first place, and that is you earn it

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Speaker 1: right uh. And according to the Pew Research Center, women

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Speaker 1: earned of what men earned in eighteen Uh. That pay

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Speaker 1: gap is shrinking, particularly for younger workers, which is a

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Speaker 1: positive trend, but that is still a meaningful hurdle to overcome.

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Speaker 1: The pay gap is partly due to to work history,

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Speaker 1: you know, like having kids as great you know, but

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Speaker 1: as we mentioned with the Fidelity study earlier, taking time

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Speaker 1: off to have kiddos like it often leads to fewer

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Speaker 1: job offers and worse income prospects. Not to mention that

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Speaker 1: the years of not generating in any income, which often

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Speaker 1: reflects years of not investing in a workplace retirement account,

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Speaker 1: in particular if there's a match there, right, And those

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Speaker 1: are some big disadvantages to overcome. Yeah, like you said

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Speaker 1: at the beginning, Matt, that stat also reflects some structural

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Speaker 1: issues when it comes to male and female pay. But

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Speaker 1: here's another thing to Matt. When we're talking about pay,

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Speaker 1: women are actually often averse to asking for more money

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Speaker 1: than their male counterparts. There was a survey from ron

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Speaker 1: Stop last year. They found that sixty percent of women

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Speaker 1: have never negotiated with an employer over pay. Women are

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Speaker 1: also more likely to stay at a lower wage job

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Speaker 1: to according to the personal finance website The Balance. And

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Speaker 1: that's not good, right, because even just a small bump

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Speaker 1: in pay with a new employer or in a job

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Speaker 1: that you've been in for years, can have just a

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Speaker 1: massive impact on your ability to earn more throughout the

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Speaker 1: years and then also save more for retirement. So I

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Speaker 1: think of all of the things in this episode where

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Speaker 1: we see maybe you know women as a sex falling

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Speaker 1: short it is in the ability to ask for more

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Speaker 1: knowing what they're worth. Yeah. Again, this is another instance

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Speaker 1: where you might be listening and you're thinking, I've never

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Speaker 1: had a problem negotiating a race, right, Like I've never

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Speaker 1: had a problem asking for more money. And so again

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Speaker 1: it's important to keep in mind that though the research

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Speaker 1: shows us, like we know anecdotally that this doesn't apply

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Speaker 1: to everyone. I'm specifically thinking of two. We had a

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Speaker 1: conversation with Kirsten and Julian Saunders, the couple behind Rich

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Speaker 1: and Regular. Uh. That was episode eighties X, and Julian

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Speaker 1: was just bragging about how great Kirston is at negotiating,

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Speaker 1: Like evidently she's just like the Queen of negotiating more pay. Uh.

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Speaker 1: So if you have to listen to that episode, go

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Speaker 1: back and listen to that one. Is it regardless of

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Speaker 1: your gender, earning more, It's just so important, right, and

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Speaker 1: all of us could stand to up our abilities on

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Speaker 1: that front. Uh. And We've had lots of different conversations

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Speaker 1: on the show that specifically cover, you know, not just

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Speaker 1: stories of individuals negotiating, but just how to go about

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Speaker 1: doing that. I'm thinking of Remiet Sadie, And that was

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Speaker 1: back in the episode one ten and he outlined a

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Speaker 1: great process, a great method. Uh, you know when it

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Speaker 1: comes to wanting to up your salary, you know, like

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Speaker 1: what steps you need to take in order to negotiate

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Speaker 1: a solid raise. Yeah, I'm thinking to you, Matt. When

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Speaker 1: we had far New Sharabi on the show. She is

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Speaker 1: just awesome personal finance expert. Um. And at the same time,

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Speaker 1: she is someone who has made a killing as a

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Speaker 1: small business owner. She knows her worth, she knows how

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Speaker 1: to negotiate. Yes, So, like you said, there are many

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Speaker 1: women out there who are crushing it, who don't have

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Speaker 1: a problem in asking for what they're worth, who don't

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Speaker 1: have a problem asking for a raise. Um, it's just

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Speaker 1: when you read those statistics, there are obviously a number

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Speaker 1: of women who do, though, and I want to see

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Speaker 1: that number changed for the benefit of women as a whole. Right,

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Speaker 1: let's talk about spending. To do women spend more? That's

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Speaker 1: an interesting question. My wife, personally, Matt hates to shop.

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Speaker 1: I feel like she just defies the stereotypes. And I actually,

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Speaker 1: I don't know. I don't mind shopping a little bit more.

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Speaker 1: Rolls are a little bit reversed. Yeah, exactly. But there

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Speaker 1: was a study by the Wharton School of Business that

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Speaker 1: found that women are more likely to view shopping as

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Speaker 1: a recreational activity. My mom definitely fits that bill. But

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Speaker 1: most men want to leave the store with their purchases

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Speaker 1: quickly as possible. But even though women enjoy shopping more,

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Speaker 1: it turns out men still spend more than women in

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Speaker 1: a typical year. So while men might not enjoy the

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Speaker 1: process of shopping as much, they still like shopping just

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Speaker 1: from a utilitarian standpoint. Sure, yeah, well, so that increased

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Speaker 1: spending that actually dies with the stats as well. There's

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Speaker 1: there's a survey from wallet earlier this year, and they

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Speaker 1: show that men are more likely to max out a

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Speaker 1: credit card. Women are apparently seven percent less likely than

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Speaker 1: men to have maxed out a credit card at least once.

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Speaker 1: And so while women, you know, they might enjoy the

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Speaker 1: shopping experience more than men do, a lot of different

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Speaker 1: stats show that women are more cost conscious, you know.

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Speaker 1: They they're more likely to shop at outlet stores, more

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Speaker 1: likely to wait till something they want is actually on sale. Uh,

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Speaker 1: they dig store brands more than men, and so you know,

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Speaker 1: when it comes to spending. This is kind of this.

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Speaker 1: This is definitely a win in this category for sure.

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Speaker 1: Uh and so I kind of see this as a

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Speaker 1: call two men to stop spending so much dang money,

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Speaker 1: especially on name brand items. Fan. Yeah, I feel like

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Speaker 1: I'm totally guilty of this. I totally fall into the study.

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Speaker 1: I don't like to go looking for the best deal

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Speaker 1: like I do because I know I'm spending less, but

430
00:19:46,400 --> 00:19:48,240
Speaker 1: like I'll look at maybe two or three different sites

431
00:19:48,280 --> 00:19:50,800
Speaker 1: and then I just purchase right. Whereas for you, like,

432
00:19:50,840 --> 00:19:52,880
Speaker 1: I feel like you are so good at like hunting

433
00:19:52,920 --> 00:19:54,840
Speaker 1: and making sure you're keeping your eyes on the best

434
00:19:54,880 --> 00:19:57,040
Speaker 1: deals out there, making sure that you're spending the least

435
00:19:57,080 --> 00:19:59,320
Speaker 1: amount of money possible. And I feel that's something that

436
00:19:59,359 --> 00:20:01,040
Speaker 1: we all need to sure that we're doing right. And so,

437
00:20:01,080 --> 00:20:02,800
Speaker 1: you know, regardless of who you are, we should all

438
00:20:02,840 --> 00:20:06,560
Speaker 1: work to just become a little more conscious and how

439
00:20:06,560 --> 00:20:08,080
Speaker 1: it is that we spend our money. Yeah, and I

440
00:20:08,119 --> 00:20:09,919
Speaker 1: gotta say, Matt's I don't care whether you're a man

441
00:20:10,040 --> 00:20:12,239
Speaker 1: or a woman, but store brands should be high up

442
00:20:12,240 --> 00:20:13,840
Speaker 1: on your list because they're gonna save a ton of

443
00:20:13,880 --> 00:20:15,760
Speaker 1: a ton of money. It's just like built in savings

444
00:20:15,800 --> 00:20:17,080
Speaker 1: when you go for the store brand under the name

445
00:20:17,080 --> 00:20:20,880
Speaker 1: brand equivalent, unless it's your craft beer equivalent, and you're

446
00:20:20,880 --> 00:20:22,680
Speaker 1: wanting to spend a little bit more on something because

447
00:20:22,680 --> 00:20:24,080
Speaker 1: it makes you feel nice. Yea, you just can't name

448
00:20:24,119 --> 00:20:26,000
Speaker 1: brand everything, though, I think I think sometimes that's a

449
00:20:26,040 --> 00:20:28,960
Speaker 1: tendency here, maybe that men have, uh, that men just

450
00:20:29,000 --> 00:20:30,960
Speaker 1: gravitate towards the name brand no matter what it is,

451
00:20:31,160 --> 00:20:33,320
Speaker 1: without thinking about it. And and that's where we need

452
00:20:33,359 --> 00:20:35,320
Speaker 1: to shake things up, right, we we we need to

453
00:20:35,600 --> 00:20:38,879
Speaker 1: consider store brands more frequently. Um. And also too, I

454
00:20:38,880 --> 00:20:41,639
Speaker 1: think we've talked about this, that the quality of store

455
00:20:41,680 --> 00:20:45,000
Speaker 1: brand items has gone up a whole lot in recent years.

456
00:20:45,160 --> 00:20:48,640
Speaker 1: Here it comes a Kirkland signature brag. There's other ones too,

457
00:20:48,640 --> 00:20:52,240
Speaker 1: man like Target has um some great uh store brands

458
00:20:52,320 --> 00:20:56,160
Speaker 1: that are better than their name brand equivalent sometimes. So yeah,

459
00:20:56,200 --> 00:20:59,760
Speaker 1: it's not just Costco, but yeah, Costco rocks too. All right,

460
00:20:59,800 --> 00:21:02,400
Speaker 1: Let's let's talk about saving as well. There's more good

461
00:21:02,400 --> 00:21:05,240
Speaker 1: news here. It turns out that the savings rate for

462
00:21:05,320 --> 00:21:08,120
Speaker 1: women is actually higher than their male counterparts. They save

463
00:21:08,160 --> 00:21:11,320
Speaker 1: a higher percentage of their pay uh. They spend less

464
00:21:11,320 --> 00:21:13,080
Speaker 1: of what they bring in, and much of that is

465
00:21:13,160 --> 00:21:16,440
Speaker 1: due to the more frugal tendencies that we just highlighted

466
00:21:16,480 --> 00:21:19,080
Speaker 1: when we talked about spending differences. But even though women

467
00:21:19,160 --> 00:21:21,800
Speaker 1: are saving a higher percentage of their income on average,

468
00:21:22,040 --> 00:21:24,879
Speaker 1: they've actually got less than of what men have in

469
00:21:25,000 --> 00:21:28,040
Speaker 1: savings accounts according to data from the Federal Reserve from

470
00:21:28,040 --> 00:21:31,399
Speaker 1: a few years ago. That is likely due to the

471
00:21:31,440 --> 00:21:34,679
Speaker 1: fact that overall, they're still making less like we discussed earlier,

472
00:21:34,720 --> 00:21:38,960
Speaker 1: which means a smaller amount of money uh saved overall. Yeah.

473
00:21:39,000 --> 00:21:40,879
Speaker 1: One of the reasons women have a higher savings rate

474
00:21:40,920 --> 00:21:43,239
Speaker 1: as well, um is that, according to a survey by

475
00:21:43,359 --> 00:21:47,440
Speaker 1: US Bank, women of all ages value financial security more

476
00:21:47,560 --> 00:21:50,520
Speaker 1: than men do. But here's the thing, man, that focus

477
00:21:50,640 --> 00:21:54,240
Speaker 1: on financial security can often backfire if you keep more

478
00:21:54,320 --> 00:21:58,440
Speaker 1: of your overall assets in savings and CDs instead of

479
00:21:58,480 --> 00:22:01,080
Speaker 1: invested in the stock market. Right, Like, savings for saving

480
00:22:01,080 --> 00:22:03,280
Speaker 1: for long term goals is really important, but so is

481
00:22:03,359 --> 00:22:06,160
Speaker 1: investing for the really long term. And so that's actually

482
00:22:06,160 --> 00:22:07,760
Speaker 1: what we're gonna talk about next. We're gonna talk about

483
00:22:07,800 --> 00:22:20,560
Speaker 1: investing right after this break, a break still tackling the

484
00:22:20,720 --> 00:22:24,359
Speaker 1: tenuous subject of men, women and money, how they handle

485
00:22:24,400 --> 00:22:27,440
Speaker 1: money differently, but then also how we can all think

486
00:22:27,480 --> 00:22:30,680
Speaker 1: about money in a similar way, because we're really all

487
00:22:30,720 --> 00:22:32,359
Speaker 1: in the same boat when it comes down to it.

488
00:22:32,720 --> 00:22:34,760
Speaker 1: And let's talk specifically about investing for a minute. There

489
00:22:34,840 --> 00:22:37,119
Speaker 1: was a study from black Rock that found that women

490
00:22:37,440 --> 00:22:41,080
Speaker 1: find less joy in managing their investments. I found that

491
00:22:41,280 --> 00:22:45,160
Speaker 1: interesting that that just like women care less, they're less interested,

492
00:22:45,480 --> 00:22:48,639
Speaker 1: less intrigued by investing. And honestly, I think that's okay,

493
00:22:49,000 --> 00:22:51,680
Speaker 1: and and interestingly enough, I think that can even pay

494
00:22:51,720 --> 00:22:54,040
Speaker 1: off for women. I think a lack of interest can

495
00:22:54,040 --> 00:22:56,040
Speaker 1: have a positive benefit. So we'll talk about that in

496
00:22:56,040 --> 00:22:59,240
Speaker 1: a second. I hope everyone listening to this podcast, regardless

497
00:22:59,600 --> 00:23:02,080
Speaker 1: of their gender, starts to gain an interest in all

498
00:23:02,080 --> 00:23:05,080
Speaker 1: things money and finds joy not just in saving their money,

499
00:23:05,080 --> 00:23:07,720
Speaker 1: but investing and growing that nest egg. But let's talk

500
00:23:07,720 --> 00:23:11,600
Speaker 1: about how a tampered down enthusiasm can actually be more

501
00:23:11,640 --> 00:23:14,520
Speaker 1: beneficial to your investing success in the long run. Yeah,

502
00:23:14,560 --> 00:23:17,480
Speaker 1: So you're talking about joy, right, And so this is

503
00:23:17,480 --> 00:23:19,440
Speaker 1: like where where men might have a little more enthusiasm,

504
00:23:19,520 --> 00:23:21,159
Speaker 1: a little more a little bit more joy when it

505
00:23:21,160 --> 00:23:24,200
Speaker 1: comes to managing their portfolios could actually lead to maybe

506
00:23:24,200 --> 00:23:27,360
Speaker 1: a little bit more misery the stock market in general,

507
00:23:27,880 --> 00:23:31,280
Speaker 1: and frequent trading specifically have historically been more of an

508
00:23:31,280 --> 00:23:35,040
Speaker 1: obsession for men. Kiplinger has reported that men trade stocks

509
00:23:35,160 --> 00:23:38,800
Speaker 1: much more frequently than women, and the more frequently UH

510
00:23:38,880 --> 00:23:42,520
Speaker 1: we trade, the worst our investments are going to perform. Uh.

511
00:23:42,680 --> 00:23:45,359
Speaker 1: Men are are getting a little too into investing by

512
00:23:45,440 --> 00:23:47,879
Speaker 1: by getting into individual stocks. You know, it's important for

513
00:23:47,960 --> 00:23:50,199
Speaker 1: us to take calculated risks like these are things that

514
00:23:50,240 --> 00:23:52,239
Speaker 1: we need to do in order to see growth when

515
00:23:52,280 --> 00:23:54,719
Speaker 1: its specifically when it comes to our portfolios. But when

516
00:23:54,760 --> 00:23:56,639
Speaker 1: you take too much risk and when you're too involved

517
00:23:56,640 --> 00:23:59,160
Speaker 1: in the stock market and specifically when you're not exactly

518
00:23:59,160 --> 00:24:00,920
Speaker 1: even sure what you're doing, that is going to lead

519
00:24:00,920 --> 00:24:03,560
Speaker 1: to worse performance. Yeah, we've talked about that before. Maat

520
00:24:03,600 --> 00:24:07,199
Speaker 1: the more frequently people trade, you might trigger tax consequences.

521
00:24:07,280 --> 00:24:09,960
Speaker 1: You are in all likelihood going to be paying a

522
00:24:10,040 --> 00:24:13,320
Speaker 1: fee when you're trading stocks or ETFs as well. There's

523
00:24:13,359 --> 00:24:15,800
Speaker 1: just so many things to consider, and the more movement

524
00:24:15,840 --> 00:24:18,920
Speaker 1: you make in your portfolio, in all likelihood, the worst

525
00:24:18,920 --> 00:24:21,080
Speaker 1: you're going to perform. Another thing too, when we're talking

526
00:24:21,080 --> 00:24:24,760
Speaker 1: about investing and how women and men respond, well, an

527
00:24:24,760 --> 00:24:27,760
Speaker 1: important thing to consider is that women live longer than men.

528
00:24:27,960 --> 00:24:30,679
Speaker 1: About five years longer on average, according to stats from

529
00:24:30,680 --> 00:24:32,960
Speaker 1: the CDC. So that means that they need to plan

530
00:24:33,720 --> 00:24:37,760
Speaker 1: to invest for a longer time horizon. That includes a

531
00:24:37,840 --> 00:24:41,880
Speaker 1: greater willingness to invest more heavily in stocks and if possible,

532
00:24:41,880 --> 00:24:44,399
Speaker 1: putting aside even more in retirement funds. And I know

533
00:24:44,440 --> 00:24:47,040
Speaker 1: that that's actually hard, Matt, considering that. You know, we

534
00:24:47,119 --> 00:24:50,199
Speaker 1: just talked about how women earn less on average than

535
00:24:50,200 --> 00:24:52,560
Speaker 1: man and yet they're going to live longer and they

536
00:24:52,600 --> 00:24:55,280
Speaker 1: need to save and invest more of their money. But

537
00:24:55,440 --> 00:24:58,920
Speaker 1: it's so important in particular for women to be aware

538
00:24:58,920 --> 00:25:01,479
Speaker 1: of this. I'm thinking about my the mall who's ninety

539
00:25:01,680 --> 00:25:04,679
Speaker 1: and she's having to make decisions about her financial future

540
00:25:05,119 --> 00:25:08,560
Speaker 1: and she might still have ten, twelve, fifteen more years

541
00:25:09,000 --> 00:25:12,399
Speaker 1: left to live, and planning for a longer lifespan means

542
00:25:12,440 --> 00:25:17,000
Speaker 1: investing early and often is just even that much more important. Exactly. Yeah,

543
00:25:17,280 --> 00:25:20,800
Speaker 1: And so regardless of your gender, having savings is great, right,

544
00:25:21,040 --> 00:25:24,639
Speaker 1: in fact, it's crucial. But remember that inflation is the

545
00:25:24,760 --> 00:25:27,160
Speaker 1: enemy of your savings account, Like, that's the real enemy here.

546
00:25:27,320 --> 00:25:29,479
Speaker 1: Over the past few decades, we've seen inflation right at

547
00:25:29,520 --> 00:25:32,760
Speaker 1: two and a half percent, and regularly investing more of

548
00:25:32,800 --> 00:25:35,840
Speaker 1: your income that's gonna give you important options for your future.

549
00:25:36,119 --> 00:25:37,640
Speaker 1: You're not going to be able to preserve that money

550
00:25:37,680 --> 00:25:39,600
Speaker 1: if you have it sitting in a savings account that's

551
00:25:39,600 --> 00:25:41,760
Speaker 1: not earning that inflation rate. On both ends of the

552
00:25:41,800 --> 00:25:44,240
Speaker 1: spectrum are sort of these extremes that we want to avoid.

553
00:25:44,240 --> 00:25:47,000
Speaker 1: We can't completely avoid investing, but we also don't want

554
00:25:47,040 --> 00:25:49,359
Speaker 1: to become, you know, so preoccupied by it that we

555
00:25:49,440 --> 00:25:52,320
Speaker 1: end up shooting ourselves in the foot because we're jumping

556
00:25:52,359 --> 00:25:54,000
Speaker 1: in and out of the market. We're trying to time

557
00:25:54,000 --> 00:25:56,000
Speaker 1: it where you know, we're dabbling in single stock investing

558
00:25:56,040 --> 00:25:58,520
Speaker 1: when we don't know what we're doing. Again, it's hard

559
00:25:58,560 --> 00:25:59,919
Speaker 1: to find that balance. But that's what we're trying to

560
00:25:59,920 --> 00:26:02,080
Speaker 1: do here on how the money. Yeah, I think in particular,

561
00:26:02,119 --> 00:26:04,399
Speaker 1: investing is a place where men and women can both

562
00:26:04,480 --> 00:26:06,480
Speaker 1: learn from each other. We can all stand to have

563
00:26:06,880 --> 00:26:09,239
Speaker 1: some enthusiasm when it comes to investing, but not too

564
00:26:09,359 --> 00:26:12,159
Speaker 1: much that causes us to go too complex with our

565
00:26:12,240 --> 00:26:16,520
Speaker 1: investments or too disinterested where we don't invest at all. Right,

566
00:26:16,760 --> 00:26:19,000
Speaker 1: I think there's a healthy approach to investing that both

567
00:26:19,000 --> 00:26:21,960
Speaker 1: men and women should be taking that looks pretty similar,

568
00:26:22,160 --> 00:26:24,879
Speaker 1: and I think to Matt, like knowledge breeds confidence. It

569
00:26:24,920 --> 00:26:27,520
Speaker 1: doesn't matter who you are. The more you know, the

570
00:26:27,600 --> 00:26:29,600
Speaker 1: more likely you are to make the right decisions for

571
00:26:29,640 --> 00:26:32,600
Speaker 1: your own financial good and for your financial future, and

572
00:26:32,760 --> 00:26:36,120
Speaker 1: especially if you're in a relationship. Right both individuals need

573
00:26:36,160 --> 00:26:40,240
Speaker 1: the confidence that more money knowledge provides. Too, smart and

574
00:26:40,240 --> 00:26:42,400
Speaker 1: savvy partners coming to the table to tackle their money

575
00:26:42,440 --> 00:26:45,960
Speaker 1: goals together is going to have a really important impact.

576
00:26:46,240 --> 00:26:49,600
Speaker 1: Trying to be the lone ranger managing your family's finances

577
00:26:49,880 --> 00:26:52,960
Speaker 1: with a completely disinterested partner is going to lead to

578
00:26:53,119 --> 00:26:55,560
Speaker 1: some unhealth I think in the relationship. And I don't

579
00:26:55,560 --> 00:26:57,360
Speaker 1: think it's that you both have to be just as

580
00:26:57,400 --> 00:27:00,560
Speaker 1: interested or just as committed. It's okay if you're spouse

581
00:27:01,040 --> 00:27:04,320
Speaker 1: is more fascinated by the realm of personal finance than

582
00:27:04,480 --> 00:27:06,120
Speaker 1: you are. But at the same time, I think it's

583
00:27:06,160 --> 00:27:09,679
Speaker 1: really important for both members of of that couple to

584
00:27:09,720 --> 00:27:11,720
Speaker 1: be able to sit down together and talk about money,

585
00:27:11,760 --> 00:27:14,240
Speaker 1: and both of you to have a say in where

586
00:27:14,320 --> 00:27:17,040
Speaker 1: that money is going. I think some of these statistics, Matt,

587
00:27:17,080 --> 00:27:18,840
Speaker 1: that you and I have been relaying in this episode

588
00:27:18,880 --> 00:27:23,480
Speaker 1: actually reflects a level of unhealthiness that has taken place

589
00:27:23,520 --> 00:27:27,280
Speaker 1: when it comes to gender differences in how we approach

590
00:27:27,320 --> 00:27:30,480
Speaker 1: personal finance. And I would love it if in our lifetime,

591
00:27:30,520 --> 00:27:33,440
Speaker 1: if in the coming decades, we start to see men

592
00:27:33,880 --> 00:27:38,520
Speaker 1: and women, both sexes, handling money better, each of them

593
00:27:38,720 --> 00:27:40,359
Speaker 1: having a seat at the table playing more of a

594
00:27:40,480 --> 00:27:43,240
Speaker 1: role in family finances, because I think, as we see,

595
00:27:43,240 --> 00:27:45,320
Speaker 1: there's like a balance that's needed when it comes to

596
00:27:45,400 --> 00:27:48,159
Speaker 1: gender dynamics and personal finance. Yeah, and we're looking for

597
00:27:48,200 --> 00:27:51,159
Speaker 1: balance suit not just between couples, but just even within ourselves, right,

598
00:27:51,240 --> 00:27:53,280
Speaker 1: you know, like ultimately men and women, like they don't

599
00:27:53,320 --> 00:27:56,800
Speaker 1: have as opposite of an approach as the headlines might

600
00:27:56,880 --> 00:27:59,800
Speaker 1: make it seem. Uh, it's not like one gender is

601
00:27:59,800 --> 00:28:01,080
Speaker 1: better than the other, you know, when it comes to

602
00:28:01,119 --> 00:28:03,000
Speaker 1: how they handle their money. Men and women, they might

603
00:28:03,040 --> 00:28:06,840
Speaker 1: have some different psychological and historical societal norms to overcome

604
00:28:07,119 --> 00:28:09,320
Speaker 1: when it comes to achieving their financial goals, but the

605
00:28:09,359 --> 00:28:12,479
Speaker 1: actual path that we, you know, take his individuals should

606
00:28:12,520 --> 00:28:15,520
Speaker 1: look more similar than dissimilar. It's important for everyone to

607
00:28:15,560 --> 00:28:19,479
Speaker 1: have the right financial education and the tools necessary so

608
00:28:19,480 --> 00:28:22,160
Speaker 1: that we're able to make the right decisions for our future.

609
00:28:22,440 --> 00:28:24,240
Speaker 1: When you look at the numbers, we could all do

610
00:28:24,560 --> 00:28:27,160
Speaker 1: a much better job when it comes to our personal finances.

611
00:28:27,280 --> 00:28:28,440
Speaker 1: You know, when it comes to our money, I feel

612
00:28:28,480 --> 00:28:30,600
Speaker 1: I feel like we need a sort of our renaissance

613
00:28:31,720 --> 00:28:35,320
Speaker 1: of personal finance, interest and education in our country in

614
00:28:35,400 --> 00:28:37,439
Speaker 1: order to raise the tide for everyone. And I think

615
00:28:37,480 --> 00:28:38,880
Speaker 1: we could all be doing a better job when it

616
00:28:38,880 --> 00:28:40,959
Speaker 1: comes to our money. Yeah, I think you're right, man.

617
00:28:41,000 --> 00:28:43,160
Speaker 1: I think ultimately the answer to the question should men

618
00:28:43,200 --> 00:28:46,360
Speaker 1: and women handle money differently, I think the answer is no.

619
00:28:46,520 --> 00:28:48,920
Speaker 1: We should all be working to earn more money and

620
00:28:48,960 --> 00:28:50,720
Speaker 1: know it or worth. When it comes to our jobs.

621
00:28:50,920 --> 00:28:53,720
Speaker 1: We should all be looking to spend more cautiously with

622
00:28:53,760 --> 00:28:56,440
Speaker 1: the money that we have. We shall be saving more diligently,

623
00:28:56,480 --> 00:28:59,400
Speaker 1: and we should actually be investing and get interested enough

624
00:28:59,520 --> 00:29:01,840
Speaker 1: in it to do it well, uh, and to do

625
00:29:01,880 --> 00:29:05,200
Speaker 1: it consistently, but not so interested. They were like Yosemite, Sam,

626
00:29:05,240 --> 00:29:07,560
Speaker 1: when it comes to you pulling the trigger on you know,

627
00:29:07,720 --> 00:29:10,400
Speaker 1: random investment sales and stuff like that. But hopefully this

628
00:29:10,560 --> 00:29:13,719
Speaker 1: episode provided some perspective when it comes to maybe some

629
00:29:13,760 --> 00:29:15,840
Speaker 1: of the tendencies that you experience in your own life

630
00:29:15,880 --> 00:29:17,520
Speaker 1: with how you handle money and some of the ways

631
00:29:17,560 --> 00:29:20,160
Speaker 1: to to move forward in a positive way. Most definitely, man,

632
00:29:20,160 --> 00:29:21,800
Speaker 1: all right, let's shift gears. Let's get back to the

633
00:29:21,840 --> 00:29:24,800
Speaker 1: beer that we enjoyed on this episode. This one was

634
00:29:24,840 --> 00:29:27,600
Speaker 1: called on Cassette and this is a beer by a

635
00:29:27,680 --> 00:29:31,280
Speaker 1: new anthem and they are out of Wilmington's, North Carolina.

636
00:29:31,600 --> 00:29:33,400
Speaker 1: What were your thoughts on this beer? Dude? Man? This

637
00:29:33,480 --> 00:29:36,800
Speaker 1: was a delicious I p A. A little velvety some

638
00:29:36,920 --> 00:29:38,720
Speaker 1: night like peach fuzz actually going on. And I was

639
00:29:38,760 --> 00:29:40,280
Speaker 1: like soft in my mouth like that. I get that

640
00:29:40,480 --> 00:29:43,320
Speaker 1: it was slightly sweet, but it also had enough hot

641
00:29:43,440 --> 00:29:46,280
Speaker 1: bitterness that I just really appreciated. I think a lot

642
00:29:46,320 --> 00:29:48,719
Speaker 1: of the new I p s can be overly sweet,

643
00:29:48,840 --> 00:29:51,520
Speaker 1: but this one still retained some bitter hot character that

644
00:29:51,720 --> 00:29:54,360
Speaker 1: I really like having in a beer. But it offered

645
00:29:54,360 --> 00:29:56,959
Speaker 1: that inside the package of something that was more juicy

646
00:29:57,080 --> 00:29:59,560
Speaker 1: and sweet. And so yeah, I like the combo going

647
00:29:59,600 --> 00:30:01,520
Speaker 1: onto the time. Yeah, that's right. So this was a

648
00:30:01,600 --> 00:30:03,840
Speaker 1: double I p A. And you know, it's it's not

649
00:30:03,880 --> 00:30:06,320
Speaker 1: like this is a bitter, like a West Coast bitter

650
00:30:06,360 --> 00:30:08,520
Speaker 1: I p A, you know, And so like for that reason,

651
00:30:08,560 --> 00:30:10,440
Speaker 1: I like, I like to describe it less as bitter

652
00:30:10,480 --> 00:30:12,280
Speaker 1: and more as like sharp, you know. And so I

653
00:30:12,280 --> 00:30:14,800
Speaker 1: feel like the hot flavors are really sharp and pungent.

654
00:30:15,120 --> 00:30:17,760
Speaker 1: It was like so pungent, like it's almost smoky, like

655
00:30:17,800 --> 00:30:20,200
Speaker 1: the because of the hot presence that was there. I've

656
00:30:20,200 --> 00:30:22,120
Speaker 1: mentioned this previously on the show before, but like it

657
00:30:22,560 --> 00:30:25,480
Speaker 1: truly does remind me of like that pungency that you

658
00:30:25,520 --> 00:30:27,600
Speaker 1: get with like a blue cheese, where you put it

659
00:30:27,640 --> 00:30:29,280
Speaker 1: in your mouth and you feel like it's kind of

660
00:30:29,280 --> 00:30:31,480
Speaker 1: fuming a little bit, Like you can kind of feel

661
00:30:31,480 --> 00:30:33,320
Speaker 1: it in your sinuses a little bit. And I feel

662
00:30:33,320 --> 00:30:35,880
Speaker 1: that's one of the characteristics of these New England I

663
00:30:36,000 --> 00:30:37,920
Speaker 1: p a s U I can. I feel like I

664
00:30:37,960 --> 00:30:41,960
Speaker 1: got hops in my sinuses, which is would also probably

665
00:30:41,960 --> 00:30:44,960
Speaker 1: be a pretty good name of a beer. Somebody will

666
00:30:45,000 --> 00:30:46,479
Speaker 1: probably do it at some point. But but yeah, man,

667
00:30:46,480 --> 00:30:47,760
Speaker 1: I really enjoyed this one. Glad you and I got

668
00:30:47,800 --> 00:30:50,200
Speaker 1: to shared on the episode. Uh and yeah, New Anthem

669
00:30:50,200 --> 00:30:52,080
Speaker 1: they're just always making some really good beers up there.

670
00:30:52,280 --> 00:30:54,200
Speaker 1: And I realized too, this is the actual first New

671
00:30:54,200 --> 00:30:55,680
Speaker 1: Anthem beer I think that we've had on the show.

672
00:30:56,000 --> 00:30:59,600
Speaker 1: I looked in our little beer catalog expecting to see

673
00:30:59,640 --> 00:31:01,560
Speaker 1: maybe this one, making sure that we hadn't had it before,

674
00:31:01,920 --> 00:31:03,640
Speaker 1: and I didn't see that we have had a single

675
00:31:03,720 --> 00:31:06,120
Speaker 1: New Anthem beer, which is really confusing, Like maybe we've

676
00:31:06,120 --> 00:31:08,120
Speaker 1: had a collaboration before with them. I don't know. I

677
00:31:08,160 --> 00:31:10,400
Speaker 1: think a listeners send us a beer from North Carolina

678
00:31:10,480 --> 00:31:12,240
Speaker 1: one time and it was a collaboration beer and I

679
00:31:12,240 --> 00:31:14,400
Speaker 1: think New Anthem was the other brewer in that or

680
00:31:14,440 --> 00:31:16,920
Speaker 1: like they showed up and helped out Yeah, yeah, putting

681
00:31:16,960 --> 00:31:19,040
Speaker 1: it out. It's been a minute though, so I don't remember.

682
00:31:19,080 --> 00:31:20,600
Speaker 1: But but yeah, it was a good beer. Glad we

683
00:31:20,640 --> 00:31:22,680
Speaker 1: find we got to have a legit New Anthem beer

684
00:31:22,720 --> 00:31:24,560
Speaker 1: on the show. Um, and that's gonna do it for

685
00:31:24,600 --> 00:31:26,880
Speaker 1: this episode, Matt. So, for our listeners who want the

686
00:31:26,880 --> 00:31:29,000
Speaker 1: show notes for this episode, some of the links to

687
00:31:29,040 --> 00:31:31,200
Speaker 1: some of the studies that we mentioned, you can go

688
00:31:31,280 --> 00:31:33,560
Speaker 1: to our website at how to money dot com. Yeah,

689
00:31:33,560 --> 00:31:34,800
Speaker 1: that's right up there on the website. We have a

690
00:31:34,800 --> 00:31:37,719
Speaker 1: lot of different resources and also on the website if

691
00:31:37,760 --> 00:31:39,680
Speaker 1: you go to how do money dot com, forward slash

692
00:31:39,800 --> 00:31:42,680
Speaker 1: do better. If you want to leave us some feedback,

693
00:31:43,120 --> 00:31:45,080
Speaker 1: if you have some thoughts to share in particular on

694
00:31:45,120 --> 00:31:48,080
Speaker 1: a topic like we discussed today, If you have whether

695
00:31:48,120 --> 00:31:50,520
Speaker 1: it's a personal story or or an anecdote, or just

696
00:31:50,560 --> 00:31:52,320
Speaker 1: anything else you would like to put in front of us,

697
00:31:52,720 --> 00:31:55,400
Speaker 1: We would love to hear from you. We're always interested

698
00:31:55,400 --> 00:31:57,120
Speaker 1: in hearing what our listeners have to say. Just drop

699
00:31:57,200 --> 00:31:58,720
Speaker 1: us a line and then again that you r L

700
00:31:58,840 --> 00:32:02,040
Speaker 1: is how do money dot com Ford slash do better? Alright, buddy,

701
00:32:02,120 --> 00:32:04,240
Speaker 1: let's gonna do it for this episode until next time.

702
00:32:04,560 --> 00:32:06,120
Speaker 1: Best Friends Out, Best Friends Out,