1 00:00:00,080 --> 00:00:02,759 Speaker 1: Welcome to How the Money. I'm Joel and I'm Matt. 2 00:00:02,960 --> 00:00:06,640 Speaker 1: Today we're discussing reverse cord cutting, living paycheck to paycheck 3 00:00:06,720 --> 00:00:09,480 Speaker 1: on a hundred thousand dollar salary, and putting rent on 4 00:00:09,520 --> 00:00:30,520 Speaker 1: a credit card. That's right, Joel. This is our Friday 5 00:00:30,520 --> 00:00:33,200 Speaker 1: Flight episode, wherever week we look at some different headlines 6 00:00:33,280 --> 00:00:35,880 Speaker 1: that we've come across and how they pertain to our money, 7 00:00:36,040 --> 00:00:38,640 Speaker 1: our personal finances. But before we get to those stories, dude, 8 00:00:38,680 --> 00:00:42,640 Speaker 1: I have a massive confession to make. Um, I have 9 00:00:43,680 --> 00:00:47,280 Speaker 1: resistant nervous Now you know what's coming up or you 10 00:00:47,320 --> 00:00:48,920 Speaker 1: know the story here, you don't know what I'm gonna say. 11 00:00:49,120 --> 00:00:52,639 Speaker 1: I have resisted you. I've resisted the call of Costco 12 00:00:52,880 --> 00:00:56,200 Speaker 1: long enough, and I have finally become a member of Costco. 13 00:00:56,520 --> 00:00:58,639 Speaker 1: I am a gold Star member. Baby. I can't tell 14 00:00:58,680 --> 00:01:01,960 Speaker 1: you how happy this makes a heart. Yep, I've finally 15 00:01:02,080 --> 00:01:04,200 Speaker 1: lost the war, you know, like I feel like we 16 00:01:04,200 --> 00:01:06,160 Speaker 1: we've we constantly go back and forth. And here's the thing. 17 00:01:06,200 --> 00:01:08,200 Speaker 1: We both love Aldi. It's not like we've just constantly 18 00:01:08,200 --> 00:01:11,200 Speaker 1: been pitting Audi against Costco. They're both good in their 19 00:01:11,200 --> 00:01:15,360 Speaker 1: own right. But guess what Aldi doesn't offer Mortgage refinancing 20 00:01:15,640 --> 00:01:17,759 Speaker 1: and That's what did it for me. So before folks 21 00:01:17,760 --> 00:01:20,000 Speaker 1: think that, um, I was wanting to jump on the 22 00:01:20,000 --> 00:01:23,560 Speaker 1: hot dog combos like so much. I was interested in 23 00:01:23,800 --> 00:01:26,039 Speaker 1: refinancing one of my rental properties. And you happen to 24 00:01:26,080 --> 00:01:28,920 Speaker 1: see that they hit teen with a lender and they 25 00:01:28,920 --> 00:01:33,160 Speaker 1: were offering investment mortgages refinances an incredibly low rates. And 26 00:01:33,160 --> 00:01:35,039 Speaker 1: then on top of that better than I've seen anywhere else, 27 00:01:35,080 --> 00:01:37,080 Speaker 1: anywhere else. Yeah, and then on top of that, they 28 00:01:37,120 --> 00:01:41,720 Speaker 1: were offering a lender credits if you were to join Costco. Right, 29 00:01:41,760 --> 00:01:43,959 Speaker 1: and it's worth pointing out too that you didn't necessarily 30 00:01:43,959 --> 00:01:46,119 Speaker 1: have to be a Costco member in order to take 31 00:01:46,160 --> 00:01:49,600 Speaker 1: advantage of that refinancing. It's just that you wouldn't have 32 00:01:49,640 --> 00:01:53,160 Speaker 1: gotten the absolute best product, right Yeah. Yeah, by spending 33 00:01:53,200 --> 00:01:56,360 Speaker 1: sixty bucks, you saved, Yes, exactly. I mean it was 34 00:01:56,520 --> 00:01:59,080 Speaker 1: a no brainer from a mathematical standpoint. And so now 35 00:01:59,120 --> 00:02:02,080 Speaker 1: we've got that goldst membership as part of our arsenal, 36 00:02:02,360 --> 00:02:05,640 Speaker 1: and uh, we haven't honestly utilized it. We haven't used 37 00:02:05,640 --> 00:02:07,960 Speaker 1: it yet. But when I told Kay, she was excited 38 00:02:07,960 --> 00:02:11,359 Speaker 1: about the giant packs of Kirkland sig seaweed that we 39 00:02:11,440 --> 00:02:13,640 Speaker 1: often get you guys to pick up for us, so 40 00:02:13,840 --> 00:02:15,480 Speaker 1: I'm sure we will use it. Well. I'm glad to 41 00:02:15,520 --> 00:02:17,640 Speaker 1: have you on the good side, you know, here no 42 00:02:17,720 --> 00:02:20,680 Speaker 1: longer the Darth Vader of the heat Amony podcast, your 43 00:02:20,760 --> 00:02:25,280 Speaker 1: Jedi now Matthews. Congratulations, And that's interesting that we're both 44 00:02:25,360 --> 00:02:29,079 Speaker 1: kind of refinancing, you know, an investment mortgage through costco, 45 00:02:29,280 --> 00:02:34,280 Speaker 1: because I saw this stat that people are going other places, um, 46 00:02:34,280 --> 00:02:37,800 Speaker 1: places other than the big banks for refinancing now in 47 00:02:37,960 --> 00:02:40,000 Speaker 1: big numbers. I think there are just so many places 48 00:02:40,040 --> 00:02:42,239 Speaker 1: to check rates on the internet now. It's kind of 49 00:02:42,240 --> 00:02:43,720 Speaker 1: like the cats out of the bag. And so if 50 00:02:43,760 --> 00:02:46,000 Speaker 1: you're just going to the big bank you've been using 51 00:02:46,040 --> 00:02:48,440 Speaker 1: to refinance, expect to pay a whole lot more than 52 00:02:48,480 --> 00:02:50,720 Speaker 1: if you're shopping around, you know, on a site like 53 00:02:50,880 --> 00:02:53,600 Speaker 1: costcos where you can shop multiple lenders and see what 54 00:02:53,600 --> 00:02:55,679 Speaker 1: they're offering. Or you know, there are other sites too 55 00:02:55,680 --> 00:02:57,600 Speaker 1: that we like, we like better, we like Credible, we 56 00:02:57,680 --> 00:02:59,520 Speaker 1: like going to your credit union. There are all sorts 57 00:02:59,520 --> 00:03:01,600 Speaker 1: of places you go check the rates at all those places, 58 00:03:01,800 --> 00:03:04,560 Speaker 1: finds offering the best deal, and then do you rEFInd there. Yeah, 59 00:03:04,560 --> 00:03:06,840 Speaker 1: there have been a lot more of those non bank options. 60 00:03:06,840 --> 00:03:09,520 Speaker 1: I saw that seven out of the ten largest lenders 61 00:03:09,720 --> 00:03:11,880 Speaker 1: at the end of last year, they were all non 62 00:03:11,880 --> 00:03:14,160 Speaker 1: bank lenders like Rocket Mortgage. You know, all these different 63 00:03:14,160 --> 00:03:17,160 Speaker 1: companies who specialized specifically in mortgages, and they often don't 64 00:03:17,160 --> 00:03:19,560 Speaker 1: offer any of the traditional banking services. But yeah, if 65 00:03:19,600 --> 00:03:22,120 Speaker 1: you've never known that, Costco offers mortgage refinance, and will 66 00:03:22,120 --> 00:03:23,600 Speaker 1: make sure to link to that in our show notes 67 00:03:23,639 --> 00:03:25,799 Speaker 1: for this episode, no doubts. Check that and a bunch 68 00:03:25,800 --> 00:03:28,079 Speaker 1: of other places. Rates are still super low and if 69 00:03:28,120 --> 00:03:30,919 Speaker 1: you can save, then go ahead and do it. You should, Matt. 70 00:03:30,960 --> 00:03:33,079 Speaker 1: Let's move on to the Friday flight um and get 71 00:03:33,120 --> 00:03:35,280 Speaker 1: to a bunch of stories we found interesting real quick. 72 00:03:35,320 --> 00:03:37,160 Speaker 1: One other thing we wanted to mention is that we're 73 00:03:37,200 --> 00:03:40,120 Speaker 1: going to give away some books today, so it's time 74 00:03:40,120 --> 00:03:42,280 Speaker 1: to rate How the Money bookshelf. We're giving away a 75 00:03:42,320 --> 00:03:45,120 Speaker 1: bunch of books. Just head over to Apple Podcasts or 76 00:03:45,120 --> 00:03:47,920 Speaker 1: wherever you listen to podcasts, leave the How the Money 77 00:03:47,920 --> 00:03:50,320 Speaker 1: Podcast a solid rating and review, then shoot us an 78 00:03:50,320 --> 00:03:53,160 Speaker 1: email How the Money pod at gmail dot com. Do 79 00:03:53,240 --> 00:03:57,120 Speaker 1: that before Wednesday, June at noon this coming Wednesday, and 80 00:03:57,120 --> 00:04:00,000 Speaker 1: you'll be entered into this book giveaway. We're giving away 81 00:04:00,000 --> 00:04:02,120 Speaker 1: a bunch of books to three lucky listeners from people 82 00:04:02,120 --> 00:04:04,520 Speaker 1: we've just had on the podcast, including some of Michelle 83 00:04:04,600 --> 00:04:06,920 Speaker 1: Singletary's books. She was just on the show on Monday, 84 00:04:07,200 --> 00:04:09,760 Speaker 1: right what to Do with your money when crisis hits. 85 00:04:09,880 --> 00:04:12,080 Speaker 1: That's right, that was a great interview. That was so fun. 86 00:04:12,160 --> 00:04:14,640 Speaker 1: She's awesome And um, yeah, so it can even be 87 00:04:14,680 --> 00:04:16,880 Speaker 1: an old review. You don't have to be leave a 88 00:04:16,880 --> 00:04:18,680 Speaker 1: new review if if you haven't left one, then you 89 00:04:18,720 --> 00:04:20,880 Speaker 1: have to leave review review to get in entered. But 90 00:04:20,960 --> 00:04:23,159 Speaker 1: if you've left a previous one, well you can send 91 00:04:23,200 --> 00:04:26,920 Speaker 1: us an email to just mentioning that review. Screenshots helpful. 92 00:04:27,240 --> 00:04:30,040 Speaker 1: But we'll announce winners on next Friday's episode. And Matt, 93 00:04:30,279 --> 00:04:32,520 Speaker 1: the last time we gave away books, we we got 94 00:04:32,520 --> 00:04:35,200 Speaker 1: an email from a listener and she said that she 95 00:04:35,440 --> 00:04:37,320 Speaker 1: used the book. It was Mindy Jensen's book. It was 96 00:04:37,320 --> 00:04:39,240 Speaker 1: a former guest. We're giving away another one of hers 97 00:04:39,279 --> 00:04:41,599 Speaker 1: this time. She used the information in that book to 98 00:04:41,960 --> 00:04:44,159 Speaker 1: sell her house for top dollar, more than she would 99 00:04:44,160 --> 00:04:47,160 Speaker 1: have been able to, more than her realtor recommended. Exactly. 100 00:04:47,240 --> 00:04:49,440 Speaker 1: She had read the book, she had studied the market, 101 00:04:49,480 --> 00:04:51,800 Speaker 1: she was confident. She pushed back, and she pushed back 102 00:04:51,839 --> 00:04:53,360 Speaker 1: and she's like, we're going in this direction and got 103 00:04:53,360 --> 00:04:56,000 Speaker 1: way more months of thousands of dollars over what the 104 00:04:56,040 --> 00:04:58,839 Speaker 1: realtor was recommending. Yeah, so these books are great books 105 00:04:58,839 --> 00:05:00,960 Speaker 1: and they can really help you on your personal finance 106 00:05:01,040 --> 00:05:03,480 Speaker 1: journey when it comes to giving you information that's necessary 107 00:05:03,480 --> 00:05:05,560 Speaker 1: and some of the motivation that's really helpful too. That's right, 108 00:05:05,600 --> 00:05:07,440 Speaker 1: And they're not all real estate books. We've got Grit 109 00:05:07,440 --> 00:05:10,080 Speaker 1: by Angela Duckworth. We did an episode on that as 110 00:05:10,080 --> 00:05:12,640 Speaker 1: well as Soundtracks, which was John Acos book as well. 111 00:05:12,800 --> 00:05:15,000 Speaker 1: So again, leave that review and send us an email 112 00:05:15,040 --> 00:05:18,480 Speaker 1: over at how to Money Pod at gmail dot com. So, Joel, next, 113 00:05:18,560 --> 00:05:20,679 Speaker 1: let's get to a quick update on the Advanced Child 114 00:05:20,720 --> 00:05:23,640 Speaker 1: Tax Credit. A lot of families know that the Advanced 115 00:05:23,680 --> 00:05:25,840 Speaker 1: Child Tax Credit payments are on their way that they're 116 00:05:25,839 --> 00:05:28,200 Speaker 1: set to go out the middle of July. So yeah, 117 00:05:28,200 --> 00:05:31,159 Speaker 1: only a couple more weeks away from that. But now 118 00:05:31,200 --> 00:05:32,880 Speaker 1: the I r S is actually set up a couple 119 00:05:33,279 --> 00:05:37,320 Speaker 1: new tools online. One is the Advanced Child Tax Credit 120 00:05:37,400 --> 00:05:41,400 Speaker 1: Eligibility Assistant, which will walk you through some questions, uh, 121 00:05:41,400 --> 00:05:43,880 Speaker 1: and they will confirm your eligibility and so if you're 122 00:05:43,920 --> 00:05:45,640 Speaker 1: curious or you're not sure, if you're eligible. You can 123 00:05:45,720 --> 00:05:47,160 Speaker 1: check that out. It's like, do I have a kid 124 00:05:47,240 --> 00:05:49,240 Speaker 1: or don't not? Digress will let me know well, and 125 00:05:49,240 --> 00:05:50,920 Speaker 1: they'll let you know as far as the income limits 126 00:05:50,920 --> 00:05:53,520 Speaker 1: and kind of as that phases out, they'll definitely be 127 00:05:53,520 --> 00:05:55,840 Speaker 1: able to clear things up for you. But the other 128 00:05:56,240 --> 00:05:59,840 Speaker 1: and possibly confusing tool is the Child Tax Credit up 129 00:06:00,120 --> 00:06:02,560 Speaker 1: ate portal. Uh So you might be thinking, great, this 130 00:06:02,600 --> 00:06:04,159 Speaker 1: is what I've been waiting for, right I can update 131 00:06:04,200 --> 00:06:05,800 Speaker 1: the I R S and let them know that we 132 00:06:05,839 --> 00:06:07,920 Speaker 1: had our baby earlier this year so we can get 133 00:06:07,960 --> 00:06:12,479 Speaker 1: additional money. But you actually can't do that, at least 134 00:06:12,520 --> 00:06:15,080 Speaker 1: not yet. You can't do that on the update portal. 135 00:06:15,320 --> 00:06:16,640 Speaker 1: So I feel like it's a little bit of a 136 00:06:16,680 --> 00:06:19,400 Speaker 1: misnumber right now. And hopefully they said they weren't going 137 00:06:19,440 --> 00:06:21,800 Speaker 1: to launch until July one, they launched a little bit earlier, 138 00:06:21,800 --> 00:06:23,840 Speaker 1: so hopefully they're still tweaking it and that will be 139 00:06:23,920 --> 00:06:27,680 Speaker 1: something that listeners who had a baby can do sometime 140 00:06:27,680 --> 00:06:29,400 Speaker 1: in the next week. We'll let you know next week 141 00:06:29,440 --> 00:06:30,960 Speaker 1: if it has been update, but right now I'm not. 142 00:06:31,000 --> 00:06:33,560 Speaker 1: I wouldn't hold your bread out that's gonna happen even 143 00:06:33,560 --> 00:06:35,640 Speaker 1: next week, but we definitely will let folks know what 144 00:06:35,760 --> 00:06:37,800 Speaker 1: it does happen because I mean, right now, all you 145 00:06:37,839 --> 00:06:40,840 Speaker 1: can do on the update portal is just un enrolled 146 00:06:40,960 --> 00:06:43,320 Speaker 1: from those advanced payments. And you might be thinking, well, 147 00:06:43,360 --> 00:06:46,159 Speaker 1: why would I wanna unenroll from money that I would 148 00:06:46,160 --> 00:06:48,680 Speaker 1: be getting from the government. Well, you're just delaying that essentially. 149 00:06:48,720 --> 00:06:50,679 Speaker 1: You can see you can think of these child tax credits, 150 00:06:50,960 --> 00:06:53,320 Speaker 1: I mean their advances right like they are just paid 151 00:06:53,360 --> 00:06:55,840 Speaker 1: ahead of time where you receive half of those payments 152 00:06:55,839 --> 00:06:57,359 Speaker 1: and the rest of it you would receive when you 153 00:06:57,360 --> 00:06:59,720 Speaker 1: fire taxes next year. Some of some of those new 154 00:06:59,720 --> 00:07:01,479 Speaker 1: banks that are like trying to pay you days in 155 00:07:01,520 --> 00:07:03,480 Speaker 1: advance of you getting your check, you know, and you're 156 00:07:03,520 --> 00:07:05,720 Speaker 1: like okay, cool, Like you're like, great, it's still my money. 157 00:07:05,760 --> 00:07:07,400 Speaker 1: I guess I'm just getting it a little bit ahead 158 00:07:07,440 --> 00:07:10,920 Speaker 1: of unhelpful, but if you need it. But the thing is, 159 00:07:10,960 --> 00:07:12,760 Speaker 1: if you know that your your income is going to 160 00:07:12,800 --> 00:07:15,280 Speaker 1: be higher this year and that's gonna disqualify you from 161 00:07:15,320 --> 00:07:18,560 Speaker 1: being able to take advantage of those additional child tax credits, 162 00:07:18,760 --> 00:07:21,640 Speaker 1: that might be an instance where you unenrolled. That way 163 00:07:21,680 --> 00:07:23,320 Speaker 1: you don't end up on wing back that money to 164 00:07:23,360 --> 00:07:25,040 Speaker 1: the I R S. Yeah, Well, let's hope that portal 165 00:07:25,120 --> 00:07:28,960 Speaker 1: gets updated to provide more features for other people who 166 00:07:29,000 --> 00:07:30,440 Speaker 1: need to be able to go in there and update 167 00:07:30,480 --> 00:07:33,240 Speaker 1: their information. Um but Matt, let's let's keep moving. Let's 168 00:07:33,240 --> 00:07:35,679 Speaker 1: talk about rental car prices, because then we talked about 169 00:07:35,720 --> 00:07:38,239 Speaker 1: that a while back, where people in Hawaii were paying 170 00:07:38,440 --> 00:07:41,480 Speaker 1: just insane prices for rental cars, and people all over 171 00:07:41,520 --> 00:07:44,560 Speaker 1: the country are like, rental car prices have spiked in 172 00:07:44,600 --> 00:07:46,680 Speaker 1: a big way, and a lot of that is due 173 00:07:46,760 --> 00:07:49,880 Speaker 1: to car shortages in general, and some of the rental 174 00:07:49,880 --> 00:07:53,200 Speaker 1: car companies that sold off some of their fleets entirely 175 00:07:53,440 --> 00:07:57,600 Speaker 1: or entirely, but literally their entire fleet because they're like, well, 176 00:07:57,600 --> 00:08:00,840 Speaker 1: we're going bankrupts exactly exactly. And yeah, I my parents 177 00:08:00,880 --> 00:08:03,720 Speaker 1: actually just went to Jackson Hole and anecdotally they told 178 00:08:03,760 --> 00:08:06,520 Speaker 1: me that it was five thousand dollars to run a 179 00:08:06,560 --> 00:08:10,560 Speaker 1: Toyota cameray for a week. That is so crazy. I mean, Okay, 180 00:08:10,560 --> 00:08:12,720 Speaker 1: in a normal world, you would see that and then 181 00:08:12,800 --> 00:08:14,840 Speaker 1: you would say, Okay, I'm just gonna buy a car 182 00:08:14,920 --> 00:08:17,360 Speaker 1: exactly once. We land gonna drive it all week and 183 00:08:17,360 --> 00:08:19,960 Speaker 1: then before we leave, uh, we'll we'll sell it. At 184 00:08:20,040 --> 00:08:22,360 Speaker 1: least from a financial standpoint, right, like that would make 185 00:08:22,400 --> 00:08:25,680 Speaker 1: sense in a normal world. But yeah, exactly, it's not 186 00:08:25,760 --> 00:08:27,600 Speaker 1: really practical, but you know, if you're just looking at 187 00:08:27,640 --> 00:08:29,640 Speaker 1: the numbers, that kind of makes sense. But again in 188 00:08:29,680 --> 00:08:32,800 Speaker 1: a normal world, because these elevated used car prices have 189 00:08:32,880 --> 00:08:35,120 Speaker 1: made it not only difficult to rent a car, but yeah, 190 00:08:35,200 --> 00:08:37,600 Speaker 1: buy a used car even on the private market. That's right, 191 00:08:37,679 --> 00:08:39,840 Speaker 1: So just your word of the lies out there for 192 00:08:39,840 --> 00:08:42,160 Speaker 1: anybody who is trying to rent a car, be careful, 193 00:08:42,280 --> 00:08:45,280 Speaker 1: look around and think about other options because it might 194 00:08:45,320 --> 00:08:49,240 Speaker 1: be prohibably expensive to rent that car. And also who 195 00:08:49,360 --> 00:08:52,680 Speaker 1: is taking advantage of the stratospheric prices Criminals? Of course, 196 00:08:52,760 --> 00:08:55,559 Speaker 1: where there's money, there's gonna be scammers, that's right. Yeah, 197 00:08:55,600 --> 00:08:58,319 Speaker 1: the FTC just issued a warning about rental car scams 198 00:08:58,320 --> 00:09:01,560 Speaker 1: proliferating right now. So these scam artists are setting up 199 00:09:01,559 --> 00:09:04,280 Speaker 1: fake websites with fake customer service numbers to entice you 200 00:09:04,360 --> 00:09:06,720 Speaker 1: to rent a car from them, And sometimes they'll actually 201 00:09:06,760 --> 00:09:09,439 Speaker 1: try to impersonate an actual car rental company that you've 202 00:09:09,480 --> 00:09:12,360 Speaker 1: heard of too, um of sense, Yeah right. They're like, yeah, 203 00:09:12,400 --> 00:09:15,120 Speaker 1: I'm Jim from Budget and you're like, I'm Almo. I've 204 00:09:15,160 --> 00:09:19,280 Speaker 1: heard a Budget but it's supposedly this cheaper way to 205 00:09:19,360 --> 00:09:21,439 Speaker 1: rent a car than what you're seeing elsewhere online, and 206 00:09:21,440 --> 00:09:23,120 Speaker 1: so you're just like thankful. You're like, oh my goodness, 207 00:09:23,160 --> 00:09:24,400 Speaker 1: I didn't think I was gonna be able to get 208 00:09:24,400 --> 00:09:28,760 Speaker 1: anything because the prices are in the stratosphere. But yeah, 209 00:09:28,800 --> 00:09:30,640 Speaker 1: what these people are doing, they're praying on your need 210 00:09:30,679 --> 00:09:33,240 Speaker 1: to get around during vacation, and they're promising to not 211 00:09:33,320 --> 00:09:34,679 Speaker 1: charge you an arm in a leg to do so. 212 00:09:35,040 --> 00:09:37,560 Speaker 1: But yeah, here's how the scam begins, usually with just 213 00:09:37,640 --> 00:09:39,640 Speaker 1: us a Google search and then clicking on an ad 214 00:09:39,679 --> 00:09:41,240 Speaker 1: that's featured at the top. So you've got to be 215 00:09:41,280 --> 00:09:45,440 Speaker 1: careful to search at reputable websites and be skeptical if 216 00:09:45,480 --> 00:09:48,640 Speaker 1: the price is way less than you've seen anywhere else online, 217 00:09:48,679 --> 00:09:50,400 Speaker 1: that's right. Yeah, So the takeaway from folks, if it's 218 00:09:50,440 --> 00:09:52,880 Speaker 1: too good to be true, it probably is. We want 219 00:09:52,960 --> 00:09:56,240 Speaker 1: folks to, yeah, be very skeptical and also make sure 220 00:09:56,280 --> 00:09:58,560 Speaker 1: that you pay with a credit card whenever you book 221 00:09:58,559 --> 00:10:00,679 Speaker 1: a rental car. That's for for ultiple reasons, but the 222 00:10:00,720 --> 00:10:02,880 Speaker 1: biggest reason in this case is so that you have 223 00:10:03,160 --> 00:10:05,599 Speaker 1: chargeback abilities with your credit card company. You want to 224 00:10:05,600 --> 00:10:07,480 Speaker 1: make sure that you're using those credit card benefits to 225 00:10:07,480 --> 00:10:10,240 Speaker 1: protect your money. And if a company wants to rent 226 00:10:10,240 --> 00:10:12,440 Speaker 1: you a car, but they will only do so if 227 00:10:12,480 --> 00:10:15,600 Speaker 1: you pay with a gift card or a prepaid debit card, 228 00:10:16,040 --> 00:10:19,640 Speaker 1: you hang up the phone. That is not normal business behavior, 229 00:10:19,720 --> 00:10:21,640 Speaker 1: and that is actually that's one of the biggest ways 230 00:10:21,679 --> 00:10:23,679 Speaker 1: that they're actually able to scam folks, because you know, 231 00:10:23,720 --> 00:10:25,400 Speaker 1: you're probably thinking, well, how would they actually do it 232 00:10:25,480 --> 00:10:27,240 Speaker 1: if they're using a credit card, Well, they're not using 233 00:10:27,240 --> 00:10:30,400 Speaker 1: credit cards instead, they're using prepaid debit cards. Yeah, they're 234 00:10:30,400 --> 00:10:32,240 Speaker 1: just sending you down to your local grocery shore or 235 00:10:32,640 --> 00:10:36,559 Speaker 1: Walmart and saying, yeah, grab one of those prepaid debit 236 00:10:36,559 --> 00:10:38,760 Speaker 1: cards off off the shelf and pay us with that, 237 00:10:38,920 --> 00:10:40,360 Speaker 1: and that way you'll be good to go. And that's 238 00:10:40,440 --> 00:10:42,760 Speaker 1: definitely how you get the deal, buddy, exactly. But then 239 00:10:42,840 --> 00:10:44,719 Speaker 1: that's actually your money zero way that you can get 240 00:10:44,720 --> 00:10:46,439 Speaker 1: the money back, right, that's right. Yeah. And you know, 241 00:10:46,480 --> 00:10:48,320 Speaker 1: if you're looking to get a rental car, and of 242 00:10:48,320 --> 00:10:50,880 Speaker 1: course you're looking to pay as little as possible, check 243 00:10:50,920 --> 00:10:53,360 Speaker 1: out auto Slash. That's one of the best sites to 244 00:10:53,440 --> 00:10:57,040 Speaker 1: do that because they continually shop as the prices changed, 245 00:10:57,080 --> 00:10:59,240 Speaker 1: So if the prices go down, on a car which 246 00:10:59,400 --> 00:11:01,280 Speaker 1: I'm not gonna again. Wouldn't hold my breath that's what 247 00:11:01,400 --> 00:11:03,680 Speaker 1: happened anytime soon. But if the prices were to come down, 248 00:11:03,840 --> 00:11:06,560 Speaker 1: you would automatically get that booking at the new lower rate. Yeah. 249 00:11:06,600 --> 00:11:10,559 Speaker 1: I always like to book a fully refundable car rental 250 00:11:10,880 --> 00:11:13,679 Speaker 1: uh directly through you know, one of the big players, 251 00:11:13,920 --> 00:11:16,679 Speaker 1: and then also put my info into Auto Slash so 252 00:11:16,720 --> 00:11:19,200 Speaker 1: they can continually shop. I definitely have this you know, 253 00:11:19,320 --> 00:11:22,719 Speaker 1: reservation uh with a car company, even if it's more 254 00:11:22,720 --> 00:11:25,319 Speaker 1: than I want to pay. But then Onto Slashes continually 255 00:11:25,320 --> 00:11:27,360 Speaker 1: shopping for me and hopefully I'm getting a way better 256 00:11:27,400 --> 00:11:29,360 Speaker 1: deal at the end of the day. But let's get 257 00:11:29,400 --> 00:11:31,440 Speaker 1: to the next story, Matt. This one we saw on 258 00:11:31,480 --> 00:11:34,520 Speaker 1: Business Inside or sixtent of millennials who make over a 259 00:11:34,600 --> 00:11:38,240 Speaker 1: hundred thousand dollars are living paycheck to paycheck. And yeah, 260 00:11:38,240 --> 00:11:40,920 Speaker 1: that was feel bad for those facts, not all that bad. 261 00:11:42,000 --> 00:11:44,720 Speaker 1: This was a new study from Payments and Lending Club 262 00:11:45,120 --> 00:11:48,400 Speaker 1: and uh, it's almost mind bottling that anyone living in 263 00:11:48,400 --> 00:11:50,360 Speaker 1: this country that makes that much money, that makes a 264 00:11:50,440 --> 00:11:53,080 Speaker 1: hundred thousand dollars or more, is going to be living 265 00:11:53,200 --> 00:11:55,120 Speaker 1: without any sort of savings. It's going to be, you know, 266 00:11:55,240 --> 00:11:58,400 Speaker 1: essentially reliant on their next paycheck to be able to 267 00:11:58,679 --> 00:12:00,560 Speaker 1: you know, not have to move out of their house 268 00:12:00,559 --> 00:12:02,640 Speaker 1: and living in tents. Right, But yeah, some some of 269 00:12:02,640 --> 00:12:05,319 Speaker 1: these millennials would rather spend every And I don't want 270 00:12:05,320 --> 00:12:07,440 Speaker 1: to hate on millennials because I feel like that's you know, 271 00:12:07,520 --> 00:12:09,840 Speaker 1: that's what the media does constantly think kind of like 272 00:12:09,920 --> 00:12:13,320 Speaker 1: we're spending money, yeah yet again, And I think that's uh, 273 00:12:13,640 --> 00:12:16,800 Speaker 1: definitely something that's been overblown. And I don't think it's 274 00:12:16,800 --> 00:12:19,360 Speaker 1: true that millennials have by far worth spending habits. But 275 00:12:19,400 --> 00:12:21,600 Speaker 1: then something like this, You see something like this, and 276 00:12:21,640 --> 00:12:24,360 Speaker 1: then they're trying to like make fun or tear down 277 00:12:24,480 --> 00:12:26,760 Speaker 1: some of the folks that are in the millennial generation. Really, 278 00:12:26,800 --> 00:12:29,080 Speaker 1: it doesn't matter what age you are, but if you're 279 00:12:29,080 --> 00:12:30,959 Speaker 1: making over a hundred thousand dollars a year and you're 280 00:12:30,960 --> 00:12:34,080 Speaker 1: living the paycheck to paycheck, something's wrong, right. And at 281 00:12:34,120 --> 00:12:35,560 Speaker 1: the same time too, I mean, we're not sharing this 282 00:12:35,640 --> 00:12:38,240 Speaker 1: information to make you feel that it's okay if you're 283 00:12:38,280 --> 00:12:40,520 Speaker 1: making a ton of money and living paycheck to paycheck, right, Like, 284 00:12:40,559 --> 00:12:43,000 Speaker 1: we're not trying to normalize that behavior, but we do 285 00:12:43,160 --> 00:12:44,880 Speaker 1: want to challenge you to try to live your life 286 00:12:44,920 --> 00:12:47,800 Speaker 1: differently in a way that maybe can still align with 287 00:12:47,840 --> 00:12:49,800 Speaker 1: your values, but at the same time making sure that 288 00:12:49,840 --> 00:12:52,240 Speaker 1: you're not uh, you know, going into debt and living 289 00:12:52,240 --> 00:12:54,760 Speaker 1: paycheck to page. They can offer you more financial security 290 00:12:54,800 --> 00:12:56,720 Speaker 1: even while you are able to spend money on the 291 00:12:56,720 --> 00:12:58,640 Speaker 1: things that you care about exactly. Yeah, And granted a 292 00:12:58,640 --> 00:13:01,320 Speaker 1: salary of a hundred thousand let doesn't go as far 293 00:13:01,360 --> 00:13:05,440 Speaker 1: in high costs of living areas, right live in expensive cities. Yeah, yeah, 294 00:13:05,480 --> 00:13:08,720 Speaker 1: that's probably just almost like a sort of average to 295 00:13:08,720 --> 00:13:10,559 Speaker 1: to kind of base income in order to live there. 296 00:13:10,600 --> 00:13:14,240 Speaker 1: I saw the something recently about a brand new quarterback 297 00:13:14,360 --> 00:13:17,360 Speaker 1: drafted by the San Francisco forty Niners, and he was 298 00:13:17,440 --> 00:13:20,160 Speaker 1: like talking about how difficult is to afford housings and 299 00:13:20,200 --> 00:13:23,120 Speaker 1: like even when a professional athlete, that's crazy. He's calling 300 00:13:23,120 --> 00:13:25,000 Speaker 1: that out and saying it's really tough to afford to 301 00:13:25,080 --> 00:13:26,920 Speaker 1: live there. It's like, of course, people, even living on 302 00:13:26,960 --> 00:13:28,719 Speaker 1: a hundred thousand dollars salar, you're gonna have a tough 303 00:13:28,720 --> 00:13:30,840 Speaker 1: time place like San France. He's like the Bay Area, man, 304 00:13:30,840 --> 00:13:34,520 Speaker 1: that's pretty tough. But you know, lifestyle creep like this 305 00:13:34,559 --> 00:13:36,280 Speaker 1: is a big part of the problem here. You know, 306 00:13:36,320 --> 00:13:38,920 Speaker 1: we talked about this on our Wednesday episode. But there 307 00:13:38,920 --> 00:13:43,440 Speaker 1: are ways to uh wisely inflate your lifestyle, to do 308 00:13:43,480 --> 00:13:45,760 Speaker 1: that appropriately so that you're able to enjoy some of 309 00:13:45,800 --> 00:13:48,680 Speaker 1: the fruits of your labor now while still investing and 310 00:13:48,720 --> 00:13:52,040 Speaker 1: still saving, still increasing your financial security along the way. 311 00:13:52,280 --> 00:13:55,160 Speaker 1: But it is going to have to take you saying no, 312 00:13:55,720 --> 00:13:58,400 Speaker 1: uh from time to time in order to get there. Yeah, yeah, 313 00:13:58,520 --> 00:14:00,800 Speaker 1: no is a good word, right, And especially when it 314 00:14:00,800 --> 00:14:02,680 Speaker 1: comes to to spending, like we have to be able 315 00:14:02,720 --> 00:14:04,439 Speaker 1: to say no so that we can get ourselves to 316 00:14:04,480 --> 00:14:06,679 Speaker 1: a place of more financial security. If you have a 317 00:14:06,720 --> 00:14:09,199 Speaker 1: really high income, that this just shouldn't be a problem 318 00:14:09,200 --> 00:14:10,840 Speaker 1: you're dealing with. And I think, yeah, part of the 319 00:14:10,840 --> 00:14:13,880 Speaker 1: problem is a lack of financial literacy. Is is that 320 00:14:14,040 --> 00:14:15,880 Speaker 1: no one's being taught about how to handle their money 321 00:14:15,880 --> 00:14:17,360 Speaker 1: and school, how to save their money, how to invest 322 00:14:17,400 --> 00:14:20,240 Speaker 1: for the future. But then the other part is self control, right, 323 00:14:20,240 --> 00:14:21,440 Speaker 1: and we have to be able to say no no 324 00:14:21,520 --> 00:14:23,560 Speaker 1: to our friends, not to purchases that we want, no 325 00:14:23,720 --> 00:14:25,600 Speaker 1: to things that are thrust in front of our face 326 00:14:25,640 --> 00:14:28,480 Speaker 1: on social media. There's no easy button. I don't think 327 00:14:28,480 --> 00:14:30,280 Speaker 1: we all have to deal with that. But Yeah, even 328 00:14:30,280 --> 00:14:32,200 Speaker 1: folks who make a decent bit of money, who are 329 00:14:32,280 --> 00:14:34,560 Speaker 1: higher earners, they have to learn the same things. Yeah. Now, 330 00:14:34,600 --> 00:14:36,560 Speaker 1: sometimes it's because we don't know where we are on 331 00:14:36,600 --> 00:14:39,560 Speaker 1: our own money journeys, right. Uh. And so actually this 332 00:14:39,600 --> 00:14:41,480 Speaker 1: is a great time to refer folks to our website 333 00:14:41,480 --> 00:14:44,440 Speaker 1: how to money dot com. Go to the start here link, 334 00:14:44,520 --> 00:14:46,880 Speaker 1: and that's where we quickly break down our seven money gears. 335 00:14:47,120 --> 00:14:49,400 Speaker 1: You can quickly look at that no exactly where you 336 00:14:49,440 --> 00:14:51,760 Speaker 1: are on those steps, which will then allow you to 337 00:14:51,840 --> 00:14:54,920 Speaker 1: quickly start working towards your next money geared to make 338 00:14:54,920 --> 00:14:57,440 Speaker 1: sure that you're moving forward with your money. Uh, Joel. 339 00:14:57,520 --> 00:14:59,920 Speaker 1: Sometimes folks talk about cutting cable and how they think 340 00:15:00,080 --> 00:15:02,080 Speaker 1: that's one of the it's like a no brainer thing, right, Well, 341 00:15:02,160 --> 00:15:03,720 Speaker 1: I mean, were the easiest way to say, maybe even 342 00:15:03,760 --> 00:15:05,400 Speaker 1: talked about it here on the show. But after the break, 343 00:15:05,440 --> 00:15:07,200 Speaker 1: we're actually going to get to a story we're cutting 344 00:15:07,280 --> 00:15:09,280 Speaker 1: the chord is actually going to end up costing this 345 00:15:09,320 --> 00:15:11,360 Speaker 1: person more money. So we'll get to that story and 346 00:15:11,400 --> 00:15:22,640 Speaker 1: plenty of others right after the break. All right, we're back, 347 00:15:22,640 --> 00:15:24,720 Speaker 1: and of course what we do in the second half 348 00:15:24,760 --> 00:15:28,480 Speaker 1: of every Friday segment is to tackle the ludicrous headline 349 00:15:28,760 --> 00:15:32,000 Speaker 1: of the week. Week here we go. It's so bad 350 00:15:32,040 --> 00:15:34,120 Speaker 1: every time we do it, but I like it. Yeah, 351 00:15:34,200 --> 00:15:36,960 Speaker 1: we just haven't found anything that's like really like rung true, 352 00:15:37,000 --> 00:15:38,520 Speaker 1: all right, we need to work on this. That's why 353 00:15:38,560 --> 00:15:40,560 Speaker 1: we change it every week. That's true. I will say. 354 00:15:40,600 --> 00:15:44,720 Speaker 1: I like when you whispered into the microphone, the SMR sound. Yeah, okay, alright, 355 00:15:44,760 --> 00:15:47,960 Speaker 1: So this week's Lucas headline is why I'm Never Cutting 356 00:15:47,960 --> 00:15:50,160 Speaker 1: the Chord. That was the title of this one. It's 357 00:15:50,200 --> 00:15:53,400 Speaker 1: from Ben Carlson's website, A Wealth of Common Sense, and 358 00:15:53,720 --> 00:15:55,960 Speaker 1: Matt we've had been on the show before, back in 359 00:15:56,000 --> 00:15:59,120 Speaker 1: episode thirty five. He's one of our favorite personal finance writers. 360 00:15:59,200 --> 00:16:01,920 Speaker 1: We pretty much read everything he puts out. He's stud Yeah, 361 00:16:01,920 --> 00:16:04,440 Speaker 1: he's a smart dude. And uh yeah, a few years ago, 362 00:16:04,920 --> 00:16:08,240 Speaker 1: this title I think would have been personal finance heresy, 363 00:16:08,280 --> 00:16:10,200 Speaker 1: that cutting the chord? Why I'm never cutting the chord? 364 00:16:10,240 --> 00:16:12,200 Speaker 1: It's like, who are you, Like, don't you get it? 365 00:16:12,240 --> 00:16:14,240 Speaker 1: Streaming services are invoking and they're gonna save you lots 366 00:16:14,280 --> 00:16:16,840 Speaker 1: of money? Uh, And I'm just trying to be antagonistic 367 00:16:16,920 --> 00:16:20,280 Speaker 1: exactly exactly. Yeah, that's clickbait, Ben, But at this point. 368 00:16:20,320 --> 00:16:23,480 Speaker 1: I actually like, I think he makes a point, and 369 00:16:23,480 --> 00:16:25,680 Speaker 1: he does a really good job explaining why that's the 370 00:16:25,720 --> 00:16:28,440 Speaker 1: case for him, and Ben talks about the trend we've 371 00:16:28,440 --> 00:16:31,080 Speaker 1: been seeing a lot, like the proliferation of streaming services 372 00:16:31,240 --> 00:16:33,200 Speaker 1: and how much more expensive they're getting, so not only 373 00:16:33,320 --> 00:16:35,040 Speaker 1: are there more to choose from, but they cost more 374 00:16:35,080 --> 00:16:37,200 Speaker 1: at the same time. And Matt, I think you and 375 00:16:37,280 --> 00:16:39,960 Speaker 1: I were literally talking about this yesterday. It's like it 376 00:16:39,960 --> 00:16:42,240 Speaker 1: doesn't cable. But even before Ben's post came out, it 377 00:16:42,280 --> 00:16:44,280 Speaker 1: was like, doesn't cable seem to be like a better 378 00:16:44,360 --> 00:16:46,600 Speaker 1: value than it seemed to be before, Like I never 379 00:16:46,680 --> 00:16:48,120 Speaker 1: ever ever would have thought about it, and I still 380 00:16:48,160 --> 00:16:50,360 Speaker 1: I am never going to think about it. But because 381 00:16:50,400 --> 00:16:51,880 Speaker 1: I just don't watch as much TV as been that 382 00:16:51,920 --> 00:16:53,440 Speaker 1: was one of the reasons he gave. He was like, 383 00:16:53,440 --> 00:16:54,960 Speaker 1: I love TV. I watch a lot of TV. And 384 00:16:55,000 --> 00:16:56,680 Speaker 1: I was like, okay, I get it. Then yeah, we 385 00:16:56,680 --> 00:16:59,240 Speaker 1: were talking about how much YouTube TV costs. It's like, 386 00:16:59,280 --> 00:17:01,720 Speaker 1: I mean, like sick five dollars at this point, but 387 00:17:02,000 --> 00:17:03,840 Speaker 1: but yeah, I mean the reason that this works for 388 00:17:03,880 --> 00:17:05,800 Speaker 1: Ben is because he just loves TV. I mean he 389 00:17:05,840 --> 00:17:07,679 Speaker 1: and he confesses he's just like I love TV. I 390 00:17:07,720 --> 00:17:09,879 Speaker 1: love all the shows, all the sports, all the movies. 391 00:17:09,920 --> 00:17:12,560 Speaker 1: He's like, I want true TV, internal classic movies, and 392 00:17:12,560 --> 00:17:14,439 Speaker 1: he's on all the chance, what's it all? And he's 393 00:17:14,480 --> 00:17:16,240 Speaker 1: willing to pay for it, right, And so that's the difference. 394 00:17:16,320 --> 00:17:18,280 Speaker 1: But I think it's worth pointing out that having traditional 395 00:17:18,320 --> 00:17:20,719 Speaker 1: cable isn't as ridiculous as it used to be. Like 396 00:17:20,720 --> 00:17:22,560 Speaker 1: you said, Joel, there are a lot more streaming services 397 00:17:22,560 --> 00:17:24,120 Speaker 1: than there used to be just a few years ago, 398 00:17:24,440 --> 00:17:27,040 Speaker 1: and for quite a while now people have seen their 399 00:17:27,040 --> 00:17:31,320 Speaker 1: monthly spending on streaming increase consistently. But there's also some 400 00:17:31,320 --> 00:17:34,719 Speaker 1: good news here. People are finally starting to cut some 401 00:17:34,760 --> 00:17:37,000 Speaker 1: of their streaming services out of their lives. That's according 402 00:17:37,040 --> 00:17:40,640 Speaker 1: to tech research from I think it's just Omdia. I'm 403 00:17:40,640 --> 00:17:44,280 Speaker 1: gonna say Omdia, this research firm, but apparently the average 404 00:17:44,320 --> 00:17:47,960 Speaker 1: person now subscribed to a little over seven streaming services, 405 00:17:48,119 --> 00:17:50,080 Speaker 1: which is a lot. I mean, for me, as long 406 00:17:50,080 --> 00:17:51,800 Speaker 1: as I've got Disney Plus, i can watch my low Key, 407 00:17:52,359 --> 00:17:54,400 Speaker 1: I'm happy. But that is the first time it had 408 00:17:54,440 --> 00:17:57,920 Speaker 1: ever actually decreased instead of increased, which is a nice 409 00:17:58,119 --> 00:18:00,800 Speaker 1: change of pace. Yeah, and so we encourage folks to 410 00:18:00,840 --> 00:18:04,280 Speaker 1: take a look at which streaming services you're subscribed to, 411 00:18:04,640 --> 00:18:06,440 Speaker 1: and you know, think long and hard about whether you 412 00:18:06,480 --> 00:18:09,159 Speaker 1: can cut one, two, or maybe even like five of 413 00:18:09,200 --> 00:18:11,360 Speaker 1: the amount of your life. Right, but if you are 414 00:18:11,560 --> 00:18:14,720 Speaker 1: a huge TV buff, consider going back to cable or satellite. 415 00:18:14,760 --> 00:18:17,320 Speaker 1: And man, I can't believe that's coming out of my mouth. 416 00:18:17,440 --> 00:18:19,600 Speaker 1: It feels like something I never would have said. But 417 00:18:19,640 --> 00:18:24,119 Speaker 1: it all comes around many pack on. Yeah, so I 418 00:18:24,400 --> 00:18:26,560 Speaker 1: think it really might make more financial sense for some 419 00:18:26,600 --> 00:18:29,600 Speaker 1: folks who are just really really into TV. Uh. And 420 00:18:29,640 --> 00:18:32,240 Speaker 1: it also offers I think a better experience than having 421 00:18:32,240 --> 00:18:34,159 Speaker 1: to flip back and forth between all the different you know, 422 00:18:34,160 --> 00:18:38,000 Speaker 1: streaming channels are subscribed to. But still the ideal thing, 423 00:18:38,040 --> 00:18:40,000 Speaker 1: in our opinion is to watch less TV in general 424 00:18:40,240 --> 00:18:42,600 Speaker 1: and then to relegate it to a much smaller section 425 00:18:42,600 --> 00:18:44,639 Speaker 1: of your budget. But if that's your craft, beer, if 426 00:18:44,640 --> 00:18:46,920 Speaker 1: you're like I just love TV. I love all the channels, 427 00:18:47,040 --> 00:18:48,760 Speaker 1: like me and Ben could be best friends and just 428 00:18:48,800 --> 00:18:51,119 Speaker 1: hanging out on the couch all day, then yeah, that 429 00:18:51,200 --> 00:18:54,919 Speaker 1: then cable or or satellite might make sense for you. 430 00:18:55,160 --> 00:18:57,359 Speaker 1: That's right. So that's our ludicrous headline, but it also 431 00:18:57,400 --> 00:19:00,000 Speaker 1: happens to be true in this case for Ben Carlson, 432 00:19:00,440 --> 00:19:03,320 Speaker 1: uh Jo, let's talk about investing teenagers. They are taking 433 00:19:03,359 --> 00:19:06,959 Speaker 1: up investing at a rapid clip and barons. They read 434 00:19:07,040 --> 00:19:10,960 Speaker 1: an article about the proliferation of teen investors. Many of 435 00:19:11,000 --> 00:19:13,400 Speaker 1: those teenagers are investing their money that they get either 436 00:19:13,440 --> 00:19:15,240 Speaker 1: as gifts or you know, whatever they have left over 437 00:19:15,280 --> 00:19:17,159 Speaker 1: after going out to eat with friends. Mom, give me 438 00:19:17,160 --> 00:19:19,199 Speaker 1: twenty bucks, I ONWALY spent eight years payd express. That 439 00:19:19,240 --> 00:19:22,040 Speaker 1: extra twelve is going towards an individual stock slide that 440 00:19:22,080 --> 00:19:25,199 Speaker 1: other twelve into a MC. Yeah. But obviously, yeah, there 441 00:19:25,200 --> 00:19:27,320 Speaker 1: are good ways and bad ways for for teams to 442 00:19:27,359 --> 00:19:31,080 Speaker 1: learn investing, and many are practicing the bad investing habits. So, 443 00:19:31,160 --> 00:19:33,600 Speaker 1: for example, we often you can think about the stock 444 00:19:33,640 --> 00:19:35,520 Speaker 1: market game that many of us played in high school, 445 00:19:35,520 --> 00:19:37,840 Speaker 1: where we just kind of randomly picked companies that we'd 446 00:19:37,880 --> 00:19:39,960 Speaker 1: heard of, see who made the most money over the 447 00:19:39,960 --> 00:19:42,040 Speaker 1: course of like two months, I think, or maybe like 448 00:19:42,160 --> 00:19:44,679 Speaker 1: over the course of one week. Most of us Atlantic 449 00:19:44,720 --> 00:19:47,240 Speaker 1: kids definitely chose Coca Cola. But this is a pretty 450 00:19:47,240 --> 00:19:49,119 Speaker 1: awful way to learn how to invest in. It teaches 451 00:19:49,200 --> 00:19:52,800 Speaker 1: kids the exact wrong things about investing. You begin to 452 00:19:52,840 --> 00:19:54,480 Speaker 1: think that you know, stock picking is the way to 453 00:19:54,520 --> 00:19:57,119 Speaker 1: go and that you're supposed to invest on a short timeline. 454 00:19:57,520 --> 00:19:59,520 Speaker 1: Let's go all in on this one stock. It's it's 455 00:19:59,560 --> 00:20:01,320 Speaker 1: kind of it's gonna feel more like a game because 456 00:20:01,320 --> 00:20:03,879 Speaker 1: there's there's winners and there's losers. But I'm glad that 457 00:20:03,960 --> 00:20:06,080 Speaker 1: kids are starting to invest at younger ages, but it 458 00:20:06,080 --> 00:20:08,879 Speaker 1: sucks if they're not going about it in the proper way. Yeah, 459 00:20:08,920 --> 00:20:10,480 Speaker 1: a lot of these kids are opening up accounts with 460 00:20:10,520 --> 00:20:12,600 Speaker 1: companies like robin Hood on some of the apps, and 461 00:20:12,680 --> 00:20:15,320 Speaker 1: robin Hood in and of itself isn't inherently bad, right, 462 00:20:15,320 --> 00:20:17,760 Speaker 1: We've talked about how many of these investing apps do 463 00:20:17,920 --> 00:20:21,919 Speaker 1: though incentivize unhealthy investing actions. They just make it far 464 00:20:21,960 --> 00:20:25,120 Speaker 1: too easy and glitzy and glamorous to become a day 465 00:20:25,119 --> 00:20:29,040 Speaker 1: trader and as a team without a fully foreign prefuntal cortex. Like, 466 00:20:29,119 --> 00:20:30,679 Speaker 1: that's just not a good idea. That's not that's not 467 00:20:30,720 --> 00:20:32,280 Speaker 1: good for you at all. Yeah, they're willing to take 468 00:20:32,320 --> 00:20:34,679 Speaker 1: too many risks that they shouldn't be taken exactly. I mean, 469 00:20:34,760 --> 00:20:36,920 Speaker 1: there's there have been brain studies that have shown that 470 00:20:37,160 --> 00:20:39,760 Speaker 1: you know, day training and investing in individual stocks the 471 00:20:39,800 --> 00:20:41,679 Speaker 1: way it lights up a kid's brain versus the way 472 00:20:41,720 --> 00:20:43,280 Speaker 1: it lights up the brain of a forty year old. 473 00:20:43,400 --> 00:20:46,800 Speaker 1: It's just vastly different reactions, and so I just, yeah, 474 00:20:46,800 --> 00:20:48,760 Speaker 1: it's not good for a fifteen year old to be 475 00:20:48,800 --> 00:20:51,320 Speaker 1: investing in this way because they start to get almost 476 00:20:51,320 --> 00:20:53,560 Speaker 1: like addicted to some of this behavior, and like frequent 477 00:20:53,680 --> 00:20:56,840 Speaker 1: training obviously leads to all sorts of risky outcomes. Sometimes 478 00:20:56,840 --> 00:20:58,760 Speaker 1: you gotta learned the hard way. But I would rather 479 00:20:58,800 --> 00:21:01,400 Speaker 1: see these young investors start building wealth at a young 480 00:21:01,440 --> 00:21:05,280 Speaker 1: age instead of being speculative with their money. And Matt. Fortunately, 481 00:21:05,359 --> 00:21:08,440 Speaker 1: Fidelity has a new platform to help kids invest that's 482 00:21:08,440 --> 00:21:11,840 Speaker 1: worth looking into. The service doesn't charge account fees or commissions, 483 00:21:11,840 --> 00:21:13,840 Speaker 1: which is great, and then your team will also have 484 00:21:13,880 --> 00:21:16,919 Speaker 1: access to some of our favorite low cost or zero 485 00:21:16,960 --> 00:21:20,119 Speaker 1: cost funds. So yeah, encouraging your your kid or your 486 00:21:20,119 --> 00:21:22,880 Speaker 1: team to start investing and helping them get into it 487 00:21:22,920 --> 00:21:25,119 Speaker 1: is a great thing. We encourage that, we're all about it. 488 00:21:25,160 --> 00:21:28,000 Speaker 1: But uh yeah, helping them see past the hot meme 489 00:21:28,040 --> 00:21:31,399 Speaker 1: stock of the moment is crucial, exactly. Yeah. Yeah, the 490 00:21:31,400 --> 00:21:33,880 Speaker 1: Fidelity Youth Account, like that's great, but at the same time, 491 00:21:33,920 --> 00:21:36,280 Speaker 1: it still comes down to making sure that you're either 492 00:21:36,359 --> 00:21:38,560 Speaker 1: your kid or maybe you've got like a niece or 493 00:21:38,560 --> 00:21:41,040 Speaker 1: a nephew, or maybe you've got a younger cousin who's 494 00:21:41,040 --> 00:21:43,360 Speaker 1: maybe getting into investing. But it really does mostly come 495 00:21:43,359 --> 00:21:45,800 Speaker 1: down to making sure that these teenagers know what it 496 00:21:45,880 --> 00:21:47,680 Speaker 1: is that they're getting into and how to invest for 497 00:21:47,720 --> 00:21:50,080 Speaker 1: the long haul, not just taking gambles on the hot 498 00:21:50,080 --> 00:21:52,200 Speaker 1: stocks of today. So Joe, let's go ahead and shift gears. 499 00:21:52,280 --> 00:21:54,840 Speaker 1: Let's talk about some real estate Zillo. Everyone knows about 500 00:21:54,920 --> 00:21:58,200 Speaker 1: Zillo because everyone has also heard about the zestimates. Uh, 501 00:21:58,240 --> 00:22:00,960 Speaker 1: they've drawn elation at the same time they've drawn ire 502 00:22:01,040 --> 00:22:03,280 Speaker 1: from folks. It just kind of depends on what it 503 00:22:03,280 --> 00:22:06,200 Speaker 1: says about your home. If you are a homeowner, home's 504 00:22:06,200 --> 00:22:08,760 Speaker 1: worth way more than that Zillo. What's your problem? Yeah, exactly. 505 00:22:08,800 --> 00:22:10,280 Speaker 1: I mean how many people have you heard talking about 506 00:22:10,320 --> 00:22:12,800 Speaker 1: that and they're just like upset that this randomly generated 507 00:22:12,800 --> 00:22:15,760 Speaker 1: computer algorithm doesn't have it right about their house? Exactly? Yeah. 508 00:22:15,800 --> 00:22:18,880 Speaker 1: I mean, I've even seen the rent's estimate be totally 509 00:22:18,880 --> 00:22:20,639 Speaker 1: off on one of my properties by about three d 510 00:22:21,240 --> 00:22:22,880 Speaker 1: and was just off by a bunch too. I was like, man, 511 00:22:22,960 --> 00:22:24,919 Speaker 1: Zillo is like, you know, not quite as accurate as 512 00:22:25,000 --> 00:22:26,399 Speaker 1: some people would like to think it can be it 513 00:22:26,440 --> 00:22:28,920 Speaker 1: can be a huge difference, but Zillo is actually attempting 514 00:22:28,920 --> 00:22:32,520 Speaker 1: to fix that, burrowing out what they're calling their neural network, 515 00:22:32,600 --> 00:22:36,920 Speaker 1: tapping artificial intelligence to make its predictions better. It's expected 516 00:22:36,960 --> 00:22:40,119 Speaker 1: that this update will significantly increase the number of properties, 517 00:22:40,160 --> 00:22:44,159 Speaker 1: specifically that are eligible for automatic cash offers, which this 518 00:22:44,240 --> 00:22:47,320 Speaker 1: has the potential to significantly change the future of the 519 00:22:47,359 --> 00:22:50,080 Speaker 1: real estate industry. Basically, where Zillo is saying, we'll give 520 00:22:50,080 --> 00:22:52,320 Speaker 1: you an offer for your home right now, in real time, 521 00:22:52,600 --> 00:22:56,200 Speaker 1: really quickly, and then you can avoid listing with an agent, 522 00:22:56,440 --> 00:22:59,240 Speaker 1: getting it staged, having a bunch of random buyers come 523 00:22:59,280 --> 00:23:00,840 Speaker 1: in and take a look yere house. They want to 524 00:23:00,840 --> 00:23:03,280 Speaker 1: like simplify the process, Yeah, exactly, and right now, Zilla 525 00:23:03,320 --> 00:23:05,520 Speaker 1: offers like they've only scratched the service of the number 526 00:23:05,560 --> 00:23:07,680 Speaker 1: of houses that have sold on the market. Right it's 527 00:23:07,680 --> 00:23:10,000 Speaker 1: it's a very small number, but as it grows, and 528 00:23:10,040 --> 00:23:12,159 Speaker 1: as they attempt to continue to cut out the middleman, 529 00:23:12,200 --> 00:23:14,359 Speaker 1: you know, like yeah, like real estate agents and lenders, 530 00:23:14,520 --> 00:23:16,880 Speaker 1: it'll be interesting to see if that translates into more 531 00:23:16,920 --> 00:23:19,760 Speaker 1: savings for homebuyers. Right now, we're not really seeing that 532 00:23:19,840 --> 00:23:22,560 Speaker 1: given the current market, but it is much less of 533 00:23:22,560 --> 00:23:24,120 Speaker 1: a hassle, and I think that's going to go a 534 00:23:24,119 --> 00:23:27,480 Speaker 1: long way when it comes to folks seriously considering going 535 00:23:27,480 --> 00:23:30,000 Speaker 1: with Zillo offers rather than the traditional model, right, Like 536 00:23:30,119 --> 00:23:31,880 Speaker 1: I mean, going back to Ben Carlson's article, it makes 537 00:23:31,880 --> 00:23:33,960 Speaker 1: me think about cable. I mean, honestly for me, like 538 00:23:33,960 --> 00:23:36,480 Speaker 1: one of the biggest hassles with signing up for cable 539 00:23:36,640 --> 00:23:38,600 Speaker 1: is like scheduling a time when the guy's gonna come 540 00:23:38,600 --> 00:23:40,960 Speaker 1: by and set up the box, and oh, you've never 541 00:23:40,960 --> 00:23:42,919 Speaker 1: had cable here before. We're gonna have to drill a 542 00:23:42,960 --> 00:23:45,800 Speaker 1: hole into your house, like all these things compared to 543 00:23:46,359 --> 00:23:48,680 Speaker 1: the string video on demand right where you just sign 544 00:23:48,800 --> 00:23:50,560 Speaker 1: up and all of a sudden you have access. Literally 545 00:23:50,600 --> 00:23:52,879 Speaker 1: it's within a matter of minutes that you've got this 546 00:23:52,960 --> 00:23:55,360 Speaker 1: entertainment at your fingertips. If Zillo can do that when 547 00:23:55,359 --> 00:23:57,320 Speaker 1: it comes to the home buying, I think there's going 548 00:23:57,400 --> 00:23:59,520 Speaker 1: to be an entire generation of folks who are going 549 00:23:59,560 --> 00:24:02,240 Speaker 1: to be more interested in going that route versus the 550 00:24:02,320 --> 00:24:06,200 Speaker 1: kind of antiquated, outdated real estate agent model. Yeah, there 551 00:24:06,240 --> 00:24:07,719 Speaker 1: there are other people by the way, trying to do 552 00:24:07,840 --> 00:24:10,600 Speaker 1: what Zillo is doing here open Door offer Pad or 553 00:24:10,640 --> 00:24:12,560 Speaker 1: a couple of the other sites that you could check 554 00:24:12,600 --> 00:24:15,160 Speaker 1: out if you're like I do want to go with 555 00:24:15,240 --> 00:24:17,480 Speaker 1: kind of the more streamline model where people aren't coming 556 00:24:17,480 --> 00:24:19,480 Speaker 1: in my home and it's just a little bit simpler 557 00:24:19,520 --> 00:24:21,920 Speaker 1: of a process. Like Matt said, at this point in time, 558 00:24:21,920 --> 00:24:23,600 Speaker 1: it's not gonna save you any money or make you 559 00:24:23,640 --> 00:24:25,359 Speaker 1: more money on your home, but it might just be 560 00:24:25,440 --> 00:24:27,040 Speaker 1: less of a hassle, and it's worth checking those out 561 00:24:27,080 --> 00:24:29,040 Speaker 1: to see, like, all right, how much are these sites 562 00:24:29,080 --> 00:24:30,800 Speaker 1: gonna give me versus how much do I think I 563 00:24:30,840 --> 00:24:32,960 Speaker 1: could get by you know, listing it with an agent. 564 00:24:33,160 --> 00:24:35,800 Speaker 1: It's worth considering, That's right, Matt. Let's keep talking about 565 00:24:35,880 --> 00:24:38,879 Speaker 1: real estate, because, yeah, coming soon, there's going to be 566 00:24:38,960 --> 00:24:41,199 Speaker 1: a new way to save for your down payment on 567 00:24:41,200 --> 00:24:43,440 Speaker 1: a house she's looking to buy if you're still renting, 568 00:24:43,640 --> 00:24:46,919 Speaker 1: and that way is through credit card rewards. Yeah. A 569 00:24:46,920 --> 00:24:49,520 Speaker 1: Wall Street Journal article this week mentioned that a new 570 00:24:49,560 --> 00:24:52,200 Speaker 1: credit card which renters can use to pay pay the 571 00:24:52,280 --> 00:24:54,320 Speaker 1: rent in order to build up cash rewards that can 572 00:24:54,359 --> 00:24:56,840 Speaker 1: be used towards a future home purchase. So even if 573 00:24:56,880 --> 00:24:58,960 Speaker 1: you don't have to use those rewards towards a down 574 00:24:58,960 --> 00:25:01,480 Speaker 1: payment on a home, it's kind of building it that 575 00:25:01,520 --> 00:25:04,600 Speaker 1: way to get you're excited right exactly, So, and like, 576 00:25:04,640 --> 00:25:08,119 Speaker 1: even if your landlord isn't one who accepts credit cards 577 00:25:08,280 --> 00:25:11,720 Speaker 1: for paying rent, this credit card company built will still 578 00:25:11,880 --> 00:25:14,120 Speaker 1: mail your landlord of paper check and you still get 579 00:25:14,119 --> 00:25:16,200 Speaker 1: the rewards without incurring any fees at the same time. 580 00:25:16,240 --> 00:25:18,520 Speaker 1: So this is pretty cool because I don't know if 581 00:25:18,520 --> 00:25:21,600 Speaker 1: any other credit card companies that are willing to do that. 582 00:25:22,160 --> 00:25:24,200 Speaker 1: The amount of awards that you're going to receive, though, 583 00:25:24,400 --> 00:25:27,000 Speaker 1: depends on how much you're using this card. This is 584 00:25:27,080 --> 00:25:29,280 Speaker 1: kind of a high risk, high reward way to go, right, 585 00:25:29,320 --> 00:25:31,520 Speaker 1: because if you're buttoned up with your money, then using 586 00:25:31,560 --> 00:25:33,520 Speaker 1: this card to pay rent makes sense. Right. If you've 587 00:25:33,520 --> 00:25:35,480 Speaker 1: got plenty of cash in the bank and you pay 588 00:25:35,520 --> 00:25:38,360 Speaker 1: your credit card bill on time and in full every 589 00:25:38,359 --> 00:25:40,680 Speaker 1: single month, then putting your run on your credit card 590 00:25:40,920 --> 00:25:42,720 Speaker 1: to earn extra rewards is a great way to go. 591 00:25:42,880 --> 00:25:45,240 Speaker 1: Putting everything on a credit card to you earn rewards 592 00:25:45,320 --> 00:25:47,560 Speaker 1: is the best way to go exactly. You're handling it well. 593 00:25:47,600 --> 00:25:49,840 Speaker 1: But yeah, if you're not so great with credit cards 594 00:25:49,920 --> 00:25:51,320 Speaker 1: and you have a hard time paying them off in 595 00:25:51,320 --> 00:25:53,040 Speaker 1: a timely manner, then you want to stick with a 596 00:25:53,119 --> 00:25:56,560 Speaker 1: c H payments to avoid getting into a stickier financial situation, 597 00:25:56,600 --> 00:25:58,800 Speaker 1: because can you imagine putting, you know, three months worth 598 00:25:58,840 --> 00:26:00,239 Speaker 1: of rent on the credit card and then be like, 599 00:26:00,760 --> 00:26:03,160 Speaker 1: I don't have the money to find that money, and then, yeah, 600 00:26:03,240 --> 00:26:06,080 Speaker 1: your rent automatically just cost a whole lot more money 601 00:26:06,200 --> 00:26:08,040 Speaker 1: by putting on a credit card and not being able 602 00:26:08,040 --> 00:26:12,840 Speaker 1: to pay it because those interest charges more is what 603 00:26:12,840 --> 00:26:15,200 Speaker 1: you're spending now on rent? Perhaps, Yeah, I mean this 604 00:26:15,520 --> 00:26:17,000 Speaker 1: is a slam duck, I think when it comes to 605 00:26:17,359 --> 00:26:20,160 Speaker 1: paying rent. I mean when most Americans spend around thirty 606 00:26:20,200 --> 00:26:24,000 Speaker 1: percent of their monthly budget on housing. Specifically, for all 607 00:26:24,000 --> 00:26:26,119 Speaker 1: the folks out there who are renting, it's a total 608 00:26:26,160 --> 00:26:28,240 Speaker 1: no brainer if you're paying rent. But of course for 609 00:26:28,280 --> 00:26:30,600 Speaker 1: everyone else who doesn't have a rent payment, or for 610 00:26:30,640 --> 00:26:32,720 Speaker 1: those who don't handle their credit cards, well we would 611 00:26:33,000 --> 00:26:35,199 Speaker 1: advise you to stay away from that credit card. And 612 00:26:35,240 --> 00:26:37,879 Speaker 1: once this credit card actually officially gets released, we'll try 613 00:26:37,960 --> 00:26:39,560 Speaker 1: to mention it again on the show. Right now, it's 614 00:26:39,560 --> 00:26:42,480 Speaker 1: like invite only. Yeah, but yeah, some more credit card news. 615 00:26:42,520 --> 00:26:45,080 Speaker 1: Some banks and credit card companies are actually continuing to 616 00:26:45,119 --> 00:26:49,320 Speaker 1: cut spending limits and to close some accounts involuntarily. And 617 00:26:49,320 --> 00:26:51,320 Speaker 1: this is according to a new study from lending Tree. 618 00:26:51,480 --> 00:26:53,959 Speaker 1: It turns out that sixty two million Americans have had 619 00:26:54,000 --> 00:26:56,040 Speaker 1: that happened to them in the first few months of 620 00:26:56,040 --> 00:26:59,399 Speaker 1: this year. Uh, which is continuing that this perverse trend 621 00:26:59,400 --> 00:27:01,760 Speaker 1: that we saw come on the scene last year when 622 00:27:01,800 --> 00:27:04,760 Speaker 1: the pandemic hit. Having an account closed abruptly or having 623 00:27:04,800 --> 00:27:08,320 Speaker 1: your limit reduced just on a whim cannot only hurt 624 00:27:08,320 --> 00:27:11,320 Speaker 1: your credit score, creating other hardships, but it can also 625 00:27:11,400 --> 00:27:13,920 Speaker 1: have a major impact on your finances if you're having 626 00:27:13,920 --> 00:27:17,320 Speaker 1: a tough time financially by not having access to that credit. 627 00:27:17,640 --> 00:27:20,280 Speaker 1: You know, you can't make sure that this won't happen 628 00:27:20,320 --> 00:27:22,280 Speaker 1: to you. It's kind of up to the credit card companies, 629 00:27:22,480 --> 00:27:23,760 Speaker 1: but there are some things that you can do to 630 00:27:23,800 --> 00:27:26,280 Speaker 1: make this less likely. Yeah, I hate seeing this. This 631 00:27:26,400 --> 00:27:28,960 Speaker 1: be the case. Matter really thought that this was and 632 00:27:29,040 --> 00:27:32,160 Speaker 1: wasn't one thing, but then seeing those numbers from lending 633 00:27:32,160 --> 00:27:34,159 Speaker 1: Tree just kind of got me bumped because I'm like, 634 00:27:34,320 --> 00:27:37,120 Speaker 1: I can't believe the credit card companies are still doing this. Yeah, 635 00:27:37,280 --> 00:27:39,960 Speaker 1: but you know, one of the things that our listeners 636 00:27:40,040 --> 00:27:42,720 Speaker 1: can do to make sure that this doesn't happen to them, um, 637 00:27:42,760 --> 00:27:44,399 Speaker 1: at least, you know, do The best they can is 638 00:27:44,440 --> 00:27:46,520 Speaker 1: to use all of the credit cards that you have 639 00:27:46,840 --> 00:27:50,679 Speaker 1: regularly credit card companies they cited in activity as the 640 00:27:50,680 --> 00:27:52,560 Speaker 1: main reason that they're cutting limits. So if you have 641 00:27:52,600 --> 00:27:54,480 Speaker 1: a credit card in your possession that you don't want clothes, 642 00:27:54,680 --> 00:27:56,560 Speaker 1: you just have to make sure you're using it consistently. 643 00:27:56,880 --> 00:27:59,200 Speaker 1: So if you haven't put any purchases on that credit 644 00:27:59,200 --> 00:28:01,760 Speaker 1: card and at least a few months or six months, 645 00:28:01,960 --> 00:28:04,679 Speaker 1: well go buy something with it that you would already buy, 646 00:28:04,800 --> 00:28:08,199 Speaker 1: even if it's as insignificant as like a bag of peanuts, right, 647 00:28:08,320 --> 00:28:12,399 Speaker 1: or some sunflower seats like really, whatever, sex do you 648 00:28:12,400 --> 00:28:16,719 Speaker 1: want to buy the ball game? Exactly? Or a Costco 649 00:28:16,760 --> 00:28:19,520 Speaker 1: hot doc? Really? But um, yeah, the longer that card 650 00:28:19,680 --> 00:28:22,160 Speaker 1: is inactive, the more likely it is that the credit 651 00:28:22,160 --> 00:28:24,280 Speaker 1: card company is is going to close it. And you 652 00:28:24,280 --> 00:28:27,200 Speaker 1: can also fight back if this has happened to you 653 00:28:27,560 --> 00:28:30,439 Speaker 1: and you want that credit card limit back that they 654 00:28:30,480 --> 00:28:32,800 Speaker 1: stole from you. So yeah, if your credit card was 655 00:28:32,840 --> 00:28:35,199 Speaker 1: closed or your limit was reduced, make a call to 656 00:28:35,240 --> 00:28:37,280 Speaker 1: the credit card company and ask for them to reverse 657 00:28:37,320 --> 00:28:40,320 Speaker 1: that decision. They might say no, but they might say yes, 658 00:28:40,360 --> 00:28:42,240 Speaker 1: and you never get if you don't ask. So it's 659 00:28:42,320 --> 00:28:44,600 Speaker 1: really important to at least like reach back out and 660 00:28:44,680 --> 00:28:46,560 Speaker 1: be like, Hey, what's going on here? Ask the question 661 00:28:46,760 --> 00:28:48,400 Speaker 1: and say, can you restore my limit? Can you at 662 00:28:48,480 --> 00:28:50,800 Speaker 1: least give me part of that limit back? Because I've 663 00:28:50,800 --> 00:28:52,760 Speaker 1: been a good customer for this many years. I've always 664 00:28:52,760 --> 00:28:55,000 Speaker 1: paid on time and in full. Whatever it is, like, 665 00:28:55,160 --> 00:28:57,600 Speaker 1: make your case and don't just take a line down. 666 00:28:57,840 --> 00:28:59,760 Speaker 1: That's right, Yeah, give him a call ask him. The 667 00:28:59,760 --> 00:29:01,880 Speaker 1: worst they can say is no. And we want to 668 00:29:01,880 --> 00:29:04,560 Speaker 1: remind listeners again, don't forget about the book giveaway. And 669 00:29:04,640 --> 00:29:06,520 Speaker 1: so if you've left us a solid review over at 670 00:29:06,520 --> 00:29:09,720 Speaker 1: Apple podcast or wherever you listen to your podcast, shoot 671 00:29:09,800 --> 00:29:11,920 Speaker 1: us an email at how to Money pod at gmail 672 00:29:11,960 --> 00:29:13,880 Speaker 1: dot com and make sure that you do that before 673 00:29:13,960 --> 00:29:16,320 Speaker 1: noon this next Wednesday, because that is when we're going 674 00:29:16,400 --> 00:29:19,880 Speaker 1: to draw those names in preparation for next Friday's episode 675 00:29:20,080 --> 00:29:22,160 Speaker 1: where we'll announce the winners. Yeah, and who knows how 676 00:29:22,240 --> 00:29:24,360 Speaker 1: much these books could save you. I mean they're honestly, 677 00:29:24,440 --> 00:29:27,200 Speaker 1: we've had great guests, these are great books. We want 678 00:29:27,200 --> 00:29:29,520 Speaker 1: to give them away to you because our bookshelf is skinful. 679 00:29:30,240 --> 00:29:32,600 Speaker 1: I hope you have a great weekend and until next time, 680 00:29:32,880 --> 00:29:34,600 Speaker 1: Best Friends Out, best Friends Out,