1 00:00:00,080 --> 00:00:03,279 Speaker 1: Welcome to How the Money. I'm Joel and I am Matt, 2 00:00:03,320 --> 00:00:07,920 Speaker 1: and today we're discussing forgiveness in limbo, a ARP for babies, 3 00:00:08,080 --> 00:00:30,200 Speaker 1: and day trading dropouts. That's right, Joel. This is our 4 00:00:30,240 --> 00:00:32,760 Speaker 1: Friday Flight episode where we are going to cover our 5 00:00:32,840 --> 00:00:35,200 Speaker 1: favorite headlines that we came across this week. We're gonna 6 00:00:35,240 --> 00:00:37,199 Speaker 1: talk about how it's going to impact your money. You 7 00:00:37,280 --> 00:00:39,919 Speaker 1: got anything any banter for us here before we kick 8 00:00:39,960 --> 00:00:42,080 Speaker 1: things off. Okay, well one, I did see that the 9 00:00:42,200 --> 00:00:44,880 Speaker 1: UK has a new prime minister, of course, but in 10 00:00:44,920 --> 00:00:47,199 Speaker 1: the last one is first addressed a couple of days ago. 11 00:00:47,280 --> 00:00:49,600 Speaker 1: Short lived, didn't last as long as the head of 12 00:00:49,640 --> 00:00:53,239 Speaker 1: Lettuce apparently, uh forty four days is how long she left. 13 00:00:53,280 --> 00:00:56,120 Speaker 1: But the cool thing about what happened to live trust 14 00:00:56,160 --> 00:00:58,280 Speaker 1: there and if if I was her like Granted, there's 15 00:00:58,280 --> 00:01:01,120 Speaker 1: a lot of probably humiliation that comes alongside being the 16 00:01:01,160 --> 00:01:05,520 Speaker 1: shortest term prime minister in UK history. But the bright 17 00:01:05,760 --> 00:01:09,000 Speaker 1: the silver lining, the bright side for is the pension. 18 00:01:10,040 --> 00:01:12,120 Speaker 1: I know the silver lining. I'm gonna throw my head 19 00:01:12,160 --> 00:01:15,039 Speaker 1: and next time, next go round for Prime Minister, hoping 20 00:01:15,040 --> 00:01:16,959 Speaker 1: that I get it created The only did it for 21 00:01:17,000 --> 00:01:20,080 Speaker 1: the passive income? Maybe what a hack maybe right, Yeah, 22 00:01:20,120 --> 00:01:23,600 Speaker 1: something like a pounds a year in perpetuity for the 23 00:01:23,600 --> 00:01:26,240 Speaker 1: rest of her life. So I'm hoping that I get it. 24 00:01:26,480 --> 00:01:29,000 Speaker 1: I will. I'm even willing to last shorter than she is. 25 00:01:29,240 --> 00:01:31,640 Speaker 1: I'll take that mantel from her and then hopefully he 26 00:01:31,760 --> 00:01:33,640 Speaker 1: gets a sweet pension for the rest of my life. 27 00:01:33,800 --> 00:01:35,920 Speaker 1: Differently over there, I will say one thing that I 28 00:01:35,959 --> 00:01:39,559 Speaker 1: appreciate that they do over the UK Parliament, the way 29 00:01:39,600 --> 00:01:42,199 Speaker 1: that they that they were in their government. I love 30 00:01:42,280 --> 00:01:45,200 Speaker 1: how they'll be somebody there, they've got the floor, they're 31 00:01:45,200 --> 00:01:48,280 Speaker 1: giving a speech or making a statement or something like that, 32 00:01:48,800 --> 00:01:51,760 Speaker 1: and like everybody around them will just they'll start bull in, 33 00:01:52,240 --> 00:01:57,640 Speaker 1: start like heckling them. There's like this uh on the table. Yeah, um, 34 00:01:57,680 --> 00:02:00,600 Speaker 1: there's uh that feels like in this one way that 35 00:02:00,640 --> 00:02:04,320 Speaker 1: our governments it's way more formal and polite, whereas oftentimes 36 00:02:04,400 --> 00:02:07,240 Speaker 1: you think of the UK being very buttoned up and professional. 37 00:02:07,600 --> 00:02:10,400 Speaker 1: But I don't know, I just appreciate how there's just 38 00:02:10,680 --> 00:02:14,040 Speaker 1: a way to voice your opinion in alternative ways over 39 00:02:14,240 --> 00:02:15,959 Speaker 1: in the in the UK, that's right, I feel like 40 00:02:16,000 --> 00:02:18,160 Speaker 1: we could use some of that. Agreed agree. Yeah, by 41 00:02:18,160 --> 00:02:19,679 Speaker 1: the way, if you want to boyish your opinion about 42 00:02:19,720 --> 00:02:21,840 Speaker 1: our podcast. You can leave review we'd appreciate that. We 43 00:02:22,000 --> 00:02:23,600 Speaker 1: ask for reviews and along we haven't, So if you 44 00:02:23,680 --> 00:02:26,760 Speaker 1: just go into your Podcascher, Spotify, iTunes wherever we are 45 00:02:26,760 --> 00:02:29,200 Speaker 1: Apple podcast I guess not iTunes anymore. Yeah, just right, 46 00:02:29,560 --> 00:02:31,680 Speaker 1: leave a note for your fellow listener so they can 47 00:02:31,680 --> 00:02:34,200 Speaker 1: know which thing the show we'd appreciated. And one last thing, 48 00:02:34,200 --> 00:02:35,680 Speaker 1: by the way, before we get into all the stories 49 00:02:35,720 --> 00:02:38,239 Speaker 1: we found interesting this week. I saw some chatter in 50 00:02:38,280 --> 00:02:41,360 Speaker 1: our Facebook group about I bonds. People are trying to 51 00:02:41,360 --> 00:02:43,760 Speaker 1: get in under the window. We talked about that last week, 52 00:02:43,960 --> 00:02:45,840 Speaker 1: but of course, yeah, well this cann be our first 53 00:02:45,880 --> 00:02:48,080 Speaker 1: story because today is basically the last day that you 54 00:02:48,120 --> 00:02:51,400 Speaker 1: have to place an order and get in under the 55 00:02:51,440 --> 00:02:55,120 Speaker 1: wire before the rate resets. But apparently Treasury direct dot 56 00:02:55,200 --> 00:02:57,320 Speaker 1: gov is doing a little bit of site maintenance and 57 00:02:57,360 --> 00:02:59,519 Speaker 1: it's making it more difficult for people to actually get 58 00:02:59,560 --> 00:03:01,880 Speaker 1: in under the literally sitemintans or is the site just 59 00:03:02,760 --> 00:03:04,680 Speaker 1: I think it's both high call volume. I think it 60 00:03:04,760 --> 00:03:06,120 Speaker 1: was both. I think it was two things. I think 61 00:03:06,160 --> 00:03:07,560 Speaker 1: there was a lot of people trying to get under 62 00:03:07,600 --> 00:03:09,760 Speaker 1: the wire, trying to nab this nine point six too, right, 63 00:03:09,800 --> 00:03:12,000 Speaker 1: before it expires. That makes sense, today's the last day. 64 00:03:12,240 --> 00:03:14,519 Speaker 1: But apparently someone under Facebook group said, and I don't know, 65 00:03:14,520 --> 00:03:16,720 Speaker 1: I haven't seen this confirmed anywhere else, that there were 66 00:03:16,560 --> 00:03:19,640 Speaker 1: there was some site maintenance going on as well during 67 00:03:19,760 --> 00:03:21,919 Speaker 1: at least one day this past week. Incredibly stupid. Yea, 68 00:03:21,960 --> 00:03:25,480 Speaker 1: if like poor tiking, poor time, well this can best 69 00:03:25,520 --> 00:03:27,400 Speaker 1: of luck, by the way to go over to Treasury 70 00:03:27,400 --> 00:03:29,160 Speaker 1: direct dot go will put the link in the show notes. 71 00:03:29,200 --> 00:03:32,000 Speaker 1: And if you still want to get in on that 72 00:03:32,160 --> 00:03:35,440 Speaker 1: fortuitous iban rate, today's the last day, and good luck 73 00:03:35,480 --> 00:03:36,880 Speaker 1: to you if you're trying to make it happy. There's 74 00:03:36,880 --> 00:03:38,000 Speaker 1: a lot of the people trying to do it too, 75 00:03:38,080 --> 00:03:39,800 Speaker 1: that's right. Yeah, So that will actually be the first 76 00:03:39,840 --> 00:03:42,040 Speaker 1: of our Friday flight, the stories that we've come across 77 00:03:42,040 --> 00:03:43,560 Speaker 1: this week. And we call it the Friday flight because 78 00:03:43,560 --> 00:03:45,840 Speaker 1: it's a sampling, not a like were you to go 79 00:03:45,960 --> 00:03:48,400 Speaker 1: to a brewery and have a flight of beers. It's 80 00:03:48,440 --> 00:03:50,720 Speaker 1: a little sampling of all the different stories. Uh so, 81 00:03:50,840 --> 00:03:53,839 Speaker 1: don't forget about the I bonds. The next story worth 82 00:03:53,880 --> 00:03:56,360 Speaker 1: mentioning man student alone forgiveness because I think a lot 83 00:03:56,360 --> 00:03:58,720 Speaker 1: of folks might be wondering if it's still happening. They 84 00:03:58,760 --> 00:04:02,760 Speaker 1: may have seen some headlines about uh, several states appealing 85 00:04:03,240 --> 00:04:05,600 Speaker 1: some of that student loan forgiveness. UH. And so whether 86 00:04:05,680 --> 00:04:07,360 Speaker 1: or not this is happening, it's a it's a big 87 00:04:07,360 --> 00:04:11,000 Speaker 1: fat maybe. You know, we mentioned the questionable legality of 88 00:04:11,040 --> 00:04:13,480 Speaker 1: the president's forgiveness plan when it was announced. It was 89 00:04:14,000 --> 00:04:15,360 Speaker 1: the way he did it was, you know, it's a 90 00:04:15,360 --> 00:04:18,560 Speaker 1: bit tenuous. It was a tenuous way of going about 91 00:04:18,839 --> 00:04:22,440 Speaker 1: forgiving some student loan debt. While a flurry of lawsuits 92 00:04:22,440 --> 00:04:26,440 Speaker 1: have been filed and a federal appeals court has temporarily 93 00:04:26,680 --> 00:04:30,080 Speaker 1: stopped the administration from proceeding with its forgiveness plans. Uh. 94 00:04:30,120 --> 00:04:32,600 Speaker 1: And so we're not totally sure what's gonna happen. But 95 00:04:32,839 --> 00:04:35,640 Speaker 1: you know, while things are in limbo, if you haven't yet, 96 00:04:35,800 --> 00:04:39,800 Speaker 1: we would still encourage you to fill out the forgiveness application. Uh. 97 00:04:39,839 --> 00:04:43,000 Speaker 1: It's available on the student aid dot Gov's website. They're 98 00:04:43,000 --> 00:04:45,640 Speaker 1: still taking those applications even while things are up in 99 00:04:45,680 --> 00:04:47,559 Speaker 1: the air. We'll make sure to link to that again. 100 00:04:47,800 --> 00:04:50,480 Speaker 1: It's only gonna take something like thirty seconds of your time. 101 00:04:51,040 --> 00:04:53,520 Speaker 1: And unfortunately, if you are one of the folks whose 102 00:04:53,600 --> 00:04:55,560 Speaker 1: entire balance is going to be wiped out, it sucks 103 00:04:55,600 --> 00:04:58,560 Speaker 1: to say this, but be prepared to start paying on 104 00:04:58,640 --> 00:05:01,680 Speaker 1: that loan again when the new year begins, just in case. 105 00:05:01,839 --> 00:05:04,560 Speaker 1: You know. Hopefully we'll have more information soon, and when 106 00:05:04,560 --> 00:05:06,600 Speaker 1: we do, we'll be sure to to discuss when we do. 107 00:05:06,720 --> 00:05:08,919 Speaker 1: But we're sorry that a lot of y'all are experiencing 108 00:05:08,960 --> 00:05:11,400 Speaker 1: some some student loan whip lash. But I think maybe 109 00:05:11,400 --> 00:05:13,520 Speaker 1: that's what you can expect from the government as they're 110 00:05:13,520 --> 00:05:16,200 Speaker 1: trying to execute something like this quickly. Yeah, I kind 111 00:05:16,200 --> 00:05:18,279 Speaker 1: of hate to see tears of joy turned into tears 112 00:05:18,279 --> 00:05:21,640 Speaker 1: of sorrow. But again, like we said, like this is 113 00:05:21,920 --> 00:05:24,919 Speaker 1: the way this was done, is not the not the 114 00:05:24,960 --> 00:05:27,560 Speaker 1: normal route that you would approach something that is typically 115 00:05:28,000 --> 00:05:30,359 Speaker 1: uh some some sort of we've pass some sort of 116 00:05:30,360 --> 00:05:33,599 Speaker 1: bill through Congress, but congressual legislation, but the first that 117 00:05:33,640 --> 00:05:35,360 Speaker 1: is not what happened. Now they prefer not to legislate 118 00:05:35,440 --> 00:05:37,080 Speaker 1: most of the time. But let's move on that. We 119 00:05:37,120 --> 00:05:40,400 Speaker 1: talked about the rising cost of Halloween last week. Well, 120 00:05:40,440 --> 00:05:42,680 Speaker 1: it's not the only holiday that's gonna cost you more 121 00:05:42,760 --> 00:05:45,160 Speaker 1: Thanksgiving it's gonna cost us all more money too. I'm 122 00:05:45,160 --> 00:05:47,400 Speaker 1: guessing we'll probably say the same Actually, we probably won't 123 00:05:47,440 --> 00:05:49,360 Speaker 1: see the same thing about Christmas because of all the 124 00:05:49,839 --> 00:05:54,560 Speaker 1: inventory glad that we're evidently experiencing. Maybe well, there's like 125 00:05:54,800 --> 00:05:57,320 Speaker 1: a silver lining up the head that Christmas will cost less. 126 00:05:57,400 --> 00:05:59,720 Speaker 1: Christmas Presidents might cost a little bit less, but not Thanksgiving. 127 00:05:59,760 --> 00:06:01,800 Speaker 1: The key is going to cost you more. And it's 128 00:06:01,880 --> 00:06:04,520 Speaker 1: it's not just inflation to blame on this one. It's 129 00:06:04,560 --> 00:06:07,520 Speaker 1: also the Avian flu. It's leading to the price increase 130 00:06:07,560 --> 00:06:10,440 Speaker 1: on turkeys these days at the grocery store, and somewhere 131 00:06:10,480 --> 00:06:13,799 Speaker 1: close to six million turkeys died during this most recent 132 00:06:13,839 --> 00:06:17,039 Speaker 1: avian flu outbreak. At the Washington Post even like interviewed 133 00:06:17,080 --> 00:06:20,480 Speaker 1: some turkey farmers out in California to talk about how 134 00:06:20,839 --> 00:06:23,800 Speaker 1: negatively it impacted their flock. And first off, it's sad 135 00:06:23,800 --> 00:06:26,760 Speaker 1: because turkeys are cute, right, and nobody wants nobody wants 136 00:06:26,760 --> 00:06:29,440 Speaker 1: turkeys to die. But it's it's also sad because it's 137 00:06:29,440 --> 00:06:31,599 Speaker 1: gonna cost us all anybody who likes to eat turkey 138 00:06:31,600 --> 00:06:33,440 Speaker 1: at least a little bit more. This year. Prices are 139 00:06:33,480 --> 00:06:36,599 Speaker 1: up something like compared to last year. So we'd say, yeah, 140 00:06:36,600 --> 00:06:39,720 Speaker 1: I get ready for some sticker shock when you're at 141 00:06:39,720 --> 00:06:42,039 Speaker 1: the grocery store trying to buy that bird the best 142 00:06:42,080 --> 00:06:44,599 Speaker 1: tip I've got Matt is to tell people to use 143 00:06:44,720 --> 00:06:47,960 Speaker 1: sales flyers to their advantage. You might be able to 144 00:06:48,080 --> 00:06:50,960 Speaker 1: snag a frozen turkey still in the dollar a pound 145 00:06:51,040 --> 00:06:53,960 Speaker 1: range if you're you're timing it right. And the one 146 00:06:53,960 --> 00:06:56,280 Speaker 1: of the best spots we would say to stay up 147 00:06:56,279 --> 00:06:58,159 Speaker 1: to speed on what those sales flyers are looking like 148 00:06:58,200 --> 00:07:01,080 Speaker 1: all in one place is what site called flip dot 149 00:07:01,120 --> 00:07:03,360 Speaker 1: com with two p's link to in the show notes. 150 00:07:03,400 --> 00:07:05,200 Speaker 1: But it's one of those places where, yeah, you can 151 00:07:05,240 --> 00:07:09,239 Speaker 1: see all the grocery providers, all of their discount flyers 152 00:07:09,320 --> 00:07:12,240 Speaker 1: or they're weekly circulars all the one spot, so you 153 00:07:12,240 --> 00:07:14,160 Speaker 1: can be like, oh, they're charging at all or fifty 154 00:07:14,160 --> 00:07:16,640 Speaker 1: a pound for turkeys, but this place turgon dollar ten. 155 00:07:16,920 --> 00:07:18,560 Speaker 1: In that way, yeah, you can run to the right 156 00:07:18,600 --> 00:07:20,440 Speaker 1: place to get the best deal. Yeah. Yeah. My grocery 157 00:07:20,440 --> 00:07:22,720 Speaker 1: deals dot com. That's another site where you can UH. 158 00:07:22,720 --> 00:07:24,320 Speaker 1: It's it's sort of like a search engine. You can 159 00:07:24,440 --> 00:07:27,600 Speaker 1: search for specific groceries and you like punch in your 160 00:07:27,640 --> 00:07:29,960 Speaker 1: area code and it'll pull up the best deals in 161 00:07:30,040 --> 00:07:32,240 Speaker 1: your area for a particular item. So it's not just 162 00:07:32,360 --> 00:07:35,840 Speaker 1: the UH looking at like the PDF digitized PDF form 163 00:07:35,920 --> 00:07:38,200 Speaker 1: of of the circular, but you can actually search seek 164 00:07:38,200 --> 00:07:41,400 Speaker 1: out specific things as well. Uh and so yeah, some 165 00:07:41,520 --> 00:07:43,840 Speaker 1: you know, savvy shopping like this is one way to 166 00:07:44,240 --> 00:07:47,160 Speaker 1: combat at at least some of the harmful effects of 167 00:07:47,200 --> 00:07:50,520 Speaker 1: this persistent inflation that we've experienced. Another one might be 168 00:07:50,560 --> 00:07:53,040 Speaker 1: to to get an a A r P card, even 169 00:07:53,080 --> 00:07:56,800 Speaker 1: if you're a youngster like us. Uh. And we're totally 170 00:07:56,800 --> 00:08:00,760 Speaker 1: not joking this trend. Not surprisingly it started on TikTok, 171 00:08:01,040 --> 00:08:03,680 Speaker 1: but apparently folks in their thirties and their forties, they 172 00:08:03,680 --> 00:08:07,920 Speaker 1: are finding no shame in the double A RP membership game. 173 00:08:08,160 --> 00:08:12,120 Speaker 1: Does anyone ever say you're the only one? Uh, maybe 174 00:08:12,120 --> 00:08:14,080 Speaker 1: think of like the n C double A. But the 175 00:08:14,520 --> 00:08:18,240 Speaker 1: five year sixty three dollar membership is available to people 176 00:08:18,320 --> 00:08:21,160 Speaker 1: of all ages, and that'll give you access to discounts 177 00:08:21,160 --> 00:08:24,960 Speaker 1: on a ton of different services out there, including meal delivery, 178 00:08:25,040 --> 00:08:28,920 Speaker 1: prescription glasses, rental cars, cell phone service, tons more. I 179 00:08:28,960 --> 00:08:31,520 Speaker 1: saw that, like there's something like over a hundred different 180 00:08:31,520 --> 00:08:33,880 Speaker 1: hotels that you can get a discount for, which kind 181 00:08:33,920 --> 00:08:36,760 Speaker 1: of surprised me, as if you're someone who stays in 182 00:08:36,800 --> 00:08:39,920 Speaker 1: hotels often, it would totally be worth it, I think 183 00:08:39,920 --> 00:08:41,480 Speaker 1: for you. But we'll link to the full list in 184 00:08:41,480 --> 00:08:43,640 Speaker 1: the show notes and so yeah, and you know, instead 185 00:08:43,679 --> 00:08:47,240 Speaker 1: of just like stressing out fretting about getting old, maybe 186 00:08:47,440 --> 00:08:50,160 Speaker 1: it might be wise to lean into it as opposed 187 00:08:50,200 --> 00:08:52,600 Speaker 1: to like running from it, like embrace those gray hairs 188 00:08:52,760 --> 00:08:54,600 Speaker 1: as you enter middle age, and you can embrace them 189 00:08:54,640 --> 00:08:56,640 Speaker 1: even if you're not getting old, which is like there's 190 00:08:56,679 --> 00:08:59,079 Speaker 1: no there's no floor for the age you need to 191 00:08:59,080 --> 00:09:01,720 Speaker 1: be to become an a r Remember exactly twenty something, 192 00:09:01,840 --> 00:09:03,760 Speaker 1: sign up for this junk? Why don't get it for 193 00:09:03,760 --> 00:09:05,400 Speaker 1: the discounts, Man, there's a lot lots of folks are 194 00:09:05,400 --> 00:09:08,520 Speaker 1: doing at zero. There's zero part of me that feels like, oh, 195 00:09:08,640 --> 00:09:11,240 Speaker 1: it's admitting something by like signing up and getting that 196 00:09:11,320 --> 00:09:14,240 Speaker 1: a RP membership. I'm totally comfortable with that. And yeah, 197 00:09:14,240 --> 00:09:15,959 Speaker 1: take a look at those discounts before you spend the 198 00:09:16,000 --> 00:09:18,120 Speaker 1: sixty three bucks. But if you're like, man, I'm gonna 199 00:09:18,160 --> 00:09:19,880 Speaker 1: use a handful of these, I'm gonna give my money's 200 00:09:19,880 --> 00:09:22,199 Speaker 1: word taken. Master Taket Maaster is on there as well. 201 00:09:22,559 --> 00:09:24,360 Speaker 1: Think about all the different search charges and fees that 202 00:09:24,360 --> 00:09:26,959 Speaker 1: they're tacking on, the ability to kind of like claws 203 00:09:27,000 --> 00:09:29,200 Speaker 1: some of those fees back. I love it. Anything to 204 00:09:29,240 --> 00:09:31,480 Speaker 1: stick it to Ticketmaster. Even if you go see I 205 00:09:31,520 --> 00:09:33,760 Speaker 1: don't know, one show a year and you're buying it 206 00:09:33,800 --> 00:09:37,160 Speaker 1: on Ticketmaster site, you might save enough money. Yeah, that 207 00:09:37,240 --> 00:09:40,040 Speaker 1: a RP membership. Let's talk about travel for a second, though, 208 00:09:40,080 --> 00:09:44,120 Speaker 1: because hopefully all of our listeners who are traveling for Thanksgiving, 209 00:09:44,120 --> 00:09:46,280 Speaker 1: hopefully they already bought their tickets when we talked about 210 00:09:46,280 --> 00:09:48,520 Speaker 1: it a couple of months ago. Because the window has 211 00:09:48,559 --> 00:09:51,080 Speaker 1: closed really on deals for November travel. If you're gonna 212 00:09:51,240 --> 00:09:53,400 Speaker 1: try to buy a flight home now, they're gonna be 213 00:09:53,400 --> 00:09:57,119 Speaker 1: paying more than you should. He might be better off hitchhiking. 214 00:09:57,160 --> 00:10:01,720 Speaker 1: I don't know outside of the box travel suggestion, but yeah, 215 00:10:01,840 --> 00:10:05,800 Speaker 1: prices for basically everything travel related have been skyrocketing. They've 216 00:10:05,840 --> 00:10:08,600 Speaker 1: been soaring, and the Wall Street Journal had an article 217 00:10:08,640 --> 00:10:11,600 Speaker 1: this week about how how even the cheap airline tickets 218 00:10:11,800 --> 00:10:15,760 Speaker 1: are getting more expensive. I know it ain't your favorite 219 00:10:15,800 --> 00:10:18,880 Speaker 1: Spirit and Frontier. I do love those guys. I know 220 00:10:19,000 --> 00:10:21,280 Speaker 1: I've never actually flown on a Spirit flight. It is 221 00:10:21,320 --> 00:10:23,160 Speaker 1: my goal to do it at some point. But the 222 00:10:23,400 --> 00:10:25,800 Speaker 1: I mean, folks knock it, but the ability, like the 223 00:10:25,840 --> 00:10:27,880 Speaker 1: options that it gives folks to be able to travel 224 00:10:27,960 --> 00:10:30,880 Speaker 1: on the cheap, even though it's it's less cheap these days, 225 00:10:30,880 --> 00:10:32,760 Speaker 1: demand is so high, but even still I love that 226 00:10:32,800 --> 00:10:34,920 Speaker 1: it exists. And so if they're raising prices, can you 227 00:10:34,960 --> 00:10:37,920 Speaker 1: imagine what you know, like Delta British Airway is like 228 00:10:38,280 --> 00:10:41,000 Speaker 1: Smith's nicer airlines, what they're charging. Yeah, prices are growing 229 00:10:41,080 --> 00:10:43,280 Speaker 1: up across the board. And I remember too, one of 230 00:10:43,320 --> 00:10:45,160 Speaker 1: the reasons to celebrate Spirit even if you don't fly 231 00:10:45,160 --> 00:10:47,160 Speaker 1: on it. When we talked with Scott Kayes, he talked 232 00:10:47,160 --> 00:10:51,679 Speaker 1: about how just these Discounters existing, their mere existence is 233 00:10:51,720 --> 00:10:55,199 Speaker 1: lowering the prices on these other airlines for for everyone. 234 00:10:55,520 --> 00:10:58,400 Speaker 1: But the Spirit and Frontier are raising prices because demand 235 00:10:58,440 --> 00:11:00,320 Speaker 1: is back in a big way, and so you've got 236 00:11:00,320 --> 00:11:02,680 Speaker 1: to pay even more attention and be a savvy shopper, 237 00:11:03,120 --> 00:11:05,480 Speaker 1: using sites like Google Flights to help you determine when 238 00:11:05,480 --> 00:11:08,160 Speaker 1: it's the right time to buy, where prices are heading, 239 00:11:08,480 --> 00:11:10,600 Speaker 1: and so you can know when to pounds. But yes, 240 00:11:10,600 --> 00:11:13,040 Speaker 1: it is true, even those those super discounters Math they're 241 00:11:13,080 --> 00:11:15,120 Speaker 1: raising their prices in a big way alongside the rest 242 00:11:15,120 --> 00:11:17,199 Speaker 1: of the airlines. That's right. Yeah, So on that note, 243 00:11:17,240 --> 00:11:20,400 Speaker 1: we've you know, we've talked about how discount bus travel, 244 00:11:20,600 --> 00:11:22,080 Speaker 1: how that can be an excellent way to get where 245 00:11:22,080 --> 00:11:26,000 Speaker 1: you're going for less. Megabus they transport folks to and 246 00:11:26,080 --> 00:11:29,000 Speaker 1: from over a hundred different cities across the country. Uh, 247 00:11:29,080 --> 00:11:31,360 Speaker 1: they're the ones that have the tickets starting as low 248 00:11:31,360 --> 00:11:33,240 Speaker 1: as one dollar. You see it like plastered on the 249 00:11:33,320 --> 00:11:34,719 Speaker 1: on the side of the bus there on a few 250 00:11:34,720 --> 00:11:36,920 Speaker 1: of those buses. And did you get yours when you 251 00:11:36,920 --> 00:11:38,480 Speaker 1: did it? Did you did you scored the one dollar time? 252 00:11:38,559 --> 00:11:40,040 Speaker 1: I never scored the one dollar takes like a three 253 00:11:40,080 --> 00:11:42,319 Speaker 1: dollar ticket, but I scored. I scored really cheap because 254 00:11:42,360 --> 00:11:44,400 Speaker 1: I think we got em. I got round trip to 255 00:11:44,400 --> 00:11:48,400 Speaker 1: New Orleans for something like eighteen dollars, like really chief tickets. Yeah, 256 00:11:48,480 --> 00:11:50,880 Speaker 1: and we want some friends and it was it was glorious. Yeah. 257 00:11:50,920 --> 00:11:52,400 Speaker 1: But would you do it again? Now? Though, that's the 258 00:11:52,440 --> 00:11:54,520 Speaker 1: thing that's the that's a tough call. I'm afraid that 259 00:11:54,600 --> 00:11:56,520 Speaker 1: with my kids, that's for sure. But if that's just me, 260 00:11:56,679 --> 00:11:58,800 Speaker 1: those pre kids, it's just me, I totally wouldn't you 261 00:11:58,880 --> 00:12:00,640 Speaker 1: do it? Yeah? I just like driving too much. I 262 00:12:00,640 --> 00:12:03,040 Speaker 1: feel like I've missed the window for there are certain 263 00:12:03,040 --> 00:12:04,600 Speaker 1: things now that I'm just not willing to do. And 264 00:12:04,640 --> 00:12:07,480 Speaker 1: I think taking a bus that would take forever to 265 00:12:07,800 --> 00:12:10,319 Speaker 1: get somewhere. Is is something that I'm very willing to 266 00:12:10,320 --> 00:12:11,800 Speaker 1: pick up something on the side of the road any 267 00:12:11,880 --> 00:12:14,840 Speaker 1: day of the week, but traveling by bus maybe not. Well. 268 00:12:14,840 --> 00:12:17,280 Speaker 1: The nice thing about the Megabus buses is that they 269 00:12:17,280 --> 00:12:20,480 Speaker 1: have WiFi, and so, like kids, you can just get 270 00:12:20,520 --> 00:12:22,480 Speaker 1: some work done, plug away, and then finally end up 271 00:12:22,480 --> 00:12:24,160 Speaker 1: at your destination. All of a sudden, you're all your 272 00:12:24,160 --> 00:12:27,920 Speaker 1: financial information gets stolen on your life. This is uh 273 00:12:28,080 --> 00:12:29,440 Speaker 1: is this a legit? Wife? I don't know. I'm just 274 00:12:29,440 --> 00:12:32,360 Speaker 1: gonna sign me up, log me on. We mentioned this 275 00:12:32,360 --> 00:12:33,920 Speaker 1: because the New York Times they had an article this 276 00:12:33,960 --> 00:12:37,480 Speaker 1: week about the uptick in luxury bus travel. So like 277 00:12:37,520 --> 00:12:41,160 Speaker 1: the opposite of megabus, uh nap away. It's a new 278 00:12:41,400 --> 00:12:44,520 Speaker 1: startup in the space of fancy bus travel. They're offering 279 00:12:44,520 --> 00:12:47,480 Speaker 1: and like sort of an in between option that's gonna 280 00:12:47,559 --> 00:12:51,200 Speaker 1: certainly cost more than Megabus, but it will often cost 281 00:12:51,280 --> 00:12:54,439 Speaker 1: less than a flight. Sadly, their route offerings are are 282 00:12:54,480 --> 00:12:57,560 Speaker 1: fairly minimal and limited at this point. But again, just 283 00:12:57,600 --> 00:13:00,440 Speaker 1: like we're talking about with Spirit, with more options and 284 00:13:00,480 --> 00:13:04,040 Speaker 1: competition in the space, that's a good thing. So it's 285 00:13:04,040 --> 00:13:06,280 Speaker 1: it's worth considering at least right I think bus travel 286 00:13:06,320 --> 00:13:09,120 Speaker 1: it's it's highly underrated and uh should be a way 287 00:13:09,160 --> 00:13:10,880 Speaker 1: for you to at least consider if you're looking to 288 00:13:10,880 --> 00:13:12,640 Speaker 1: save a lot. Yeah, and nap away. I think they 289 00:13:12,679 --> 00:13:16,559 Speaker 1: only go to and from what like Knoxville, Nashville, and Washington, 290 00:13:16,720 --> 00:13:18,960 Speaker 1: d C. But eventually if they expand service, it's a 291 00:13:18,960 --> 00:13:21,160 Speaker 1: cool it's a cool idea because they have life flat 292 00:13:21,160 --> 00:13:24,120 Speaker 1: beds like this is a fancy version of basically it 293 00:13:24,160 --> 00:13:27,120 Speaker 1: looks like business class or first class on a flight exactly. 294 00:13:27,679 --> 00:13:30,400 Speaker 1: And I mean that's the thing I'm not I'm not 295 00:13:30,440 --> 00:13:33,160 Speaker 1: all about that that luxury travel right Like literally, I 296 00:13:33,200 --> 00:13:36,360 Speaker 1: think I've only flown business class once ever in my 297 00:13:36,480 --> 00:13:38,040 Speaker 1: entire life, and I'm pretty sure it was a mistake. 298 00:13:38,080 --> 00:13:39,560 Speaker 1: I think the airline made a mistake, and Kate and 299 00:13:39,600 --> 00:13:42,080 Speaker 1: I we both ended up being in first class and 300 00:13:42,440 --> 00:13:44,520 Speaker 1: our business class and got the drinks and everything like that. 301 00:13:44,600 --> 00:13:46,559 Speaker 1: But when it comes to travel by bus, it does 302 00:13:46,640 --> 00:13:49,360 Speaker 1: take a lot longer. So I'm willing to be shoved 303 00:13:49,360 --> 00:13:51,560 Speaker 1: in the very back of the airplane, you know, on 304 00:13:51,559 --> 00:13:54,040 Speaker 1: a Frontier or a spirit flight if I'm only gonna 305 00:13:54,040 --> 00:13:55,840 Speaker 1: be sitting there for two or three hours. But on 306 00:13:55,880 --> 00:13:57,360 Speaker 1: a bus, man you're there. You know you're sitting on 307 00:13:57,400 --> 00:13:59,240 Speaker 1: that thing for like ten and eleven hours if you're 308 00:14:00,000 --> 00:14:03,240 Speaker 1: one from Nashville to d C. And in that case 309 00:14:03,559 --> 00:14:05,720 Speaker 1: being able to lie flat and take a nap, that 310 00:14:05,760 --> 00:14:08,960 Speaker 1: would be a massive plus. Yeah. Well, I get I 311 00:14:09,000 --> 00:14:11,240 Speaker 1: get the value of bus travel, and I think if 312 00:14:11,280 --> 00:14:13,800 Speaker 1: it's going to either make it more comfortable for you 313 00:14:13,840 --> 00:14:15,280 Speaker 1: to travel, or if it's going to be able to 314 00:14:15,280 --> 00:14:17,360 Speaker 1: save you money, it's worth looking into. And I think, 315 00:14:17,440 --> 00:14:20,840 Speaker 1: especially for super frugal how the money listeners, megabus can 316 00:14:20,880 --> 00:14:23,840 Speaker 1: be a great option. It's worth considering, especially if you 317 00:14:23,840 --> 00:14:26,120 Speaker 1: can score those cheapest seats. The closer you booked to 318 00:14:26,160 --> 00:14:28,000 Speaker 1: your day, the less likely you're gonna get a deal, 319 00:14:28,480 --> 00:14:31,400 Speaker 1: just like the same thing with the airlines. But so yeah, 320 00:14:31,440 --> 00:14:33,800 Speaker 1: if you wait too long, you're gonna pay too much. 321 00:14:34,040 --> 00:14:36,040 Speaker 1: But if you're looking way out ahead, you might be 322 00:14:36,080 --> 00:14:38,480 Speaker 1: able to score a cheap enough seat that makes it 323 00:14:38,520 --> 00:14:40,960 Speaker 1: just a slam duck no brainer for you to take 324 00:14:41,000 --> 00:14:44,080 Speaker 1: the bus instead of any other former travel. But I 325 00:14:44,200 --> 00:14:46,200 Speaker 1: love that it's an option for folks. Yeah. Well, speaking 326 00:14:46,240 --> 00:14:49,160 Speaker 1: of travel, Matt, let's talk about permanent travel for a second, 327 00:14:49,160 --> 00:14:54,600 Speaker 1: and yes, that means moving research from the Tax Foundation 328 00:14:55,000 --> 00:14:58,200 Speaker 1: finds that more folks are opting to move in order 329 00:14:58,240 --> 00:15:01,400 Speaker 1: to save money, and specifically, of course, from the Tax Foundation, 330 00:15:01,400 --> 00:15:04,520 Speaker 1: these people are moving in order to avoid taxes. New 331 00:15:04,560 --> 00:15:07,920 Speaker 1: York and California have seen record outflows of citizens, while 332 00:15:07,920 --> 00:15:11,040 Speaker 1: low tax states like Florida, Texas, and Arizona are seeing 333 00:15:11,040 --> 00:15:14,520 Speaker 1: an influx of newcomers, largely from those states. And it's 334 00:15:14,600 --> 00:15:16,760 Speaker 1: it's not just tax policy though that's leading to this, 335 00:15:16,840 --> 00:15:20,360 Speaker 1: Like I think pandemic policies are likely another reason for 336 00:15:20,440 --> 00:15:23,440 Speaker 1: some of this migration that's happening. But then the question 337 00:15:23,480 --> 00:15:25,680 Speaker 1: comes up, like Matt, is it is it frugal or 338 00:15:25,800 --> 00:15:28,160 Speaker 1: cheap to move across the country in order to lower 339 00:15:28,200 --> 00:15:30,480 Speaker 1: your tax ability. Think that's that's smartness, That's something and 340 00:15:30,560 --> 00:15:32,640 Speaker 1: how the money List should be considering. If you're moving 341 00:15:32,680 --> 00:15:36,080 Speaker 1: from California, then yes, it's totally pretty cool. I mean, 342 00:15:36,280 --> 00:15:38,360 Speaker 1: if you're in the upper echelon tax tax brackets in 343 00:15:38,360 --> 00:15:40,680 Speaker 1: California getting hit, you're paying a lot, big time and 344 00:15:40,720 --> 00:15:42,720 Speaker 1: that's why I mean, unfortunately, I think that's one of 345 00:15:42,720 --> 00:15:44,840 Speaker 1: the reasons that you are seeing some new folks leave 346 00:15:44,920 --> 00:15:47,360 Speaker 1: that state. Like again, both California and New York. I 347 00:15:47,360 --> 00:15:49,840 Speaker 1: think I know, California is the top tax state, and 348 00:15:49,880 --> 00:15:51,560 Speaker 1: I think New York is still in like the top five. 349 00:15:51,960 --> 00:15:54,360 Speaker 1: Yeah for sure. Yeah, Well, I think the thing what 350 00:15:54,440 --> 00:15:57,000 Speaker 1: we would say too is, yeah, if if you're being 351 00:15:57,040 --> 00:15:59,840 Speaker 1: taxed a whole lot and moving elsewhere makes sense for 352 00:16:00,000 --> 00:16:02,240 Speaker 1: you and your family, Like, I think taxes should factor 353 00:16:02,320 --> 00:16:05,360 Speaker 1: in at least to your desire and ability to move. 354 00:16:05,680 --> 00:16:09,000 Speaker 1: But if you're basing it just on taxes, that's probably shortsighted, right, 355 00:16:09,000 --> 00:16:11,840 Speaker 1: because you should probably be moving for more reasons than 356 00:16:11,920 --> 00:16:14,160 Speaker 1: just that, maybe to be closer to family, for more 357 00:16:14,200 --> 00:16:17,960 Speaker 1: career opportunities, And if that just so happens to coincide 358 00:16:18,000 --> 00:16:20,240 Speaker 1: with a lower tax rate, then that's great too. That's 359 00:16:20,240 --> 00:16:22,320 Speaker 1: like the cherry on top. But I think moving just 360 00:16:22,360 --> 00:16:23,960 Speaker 1: for tax rates, And again, I don't know that this 361 00:16:24,040 --> 00:16:26,200 Speaker 1: is why people are moving. The Tax Foundation is saying 362 00:16:26,440 --> 00:16:27,760 Speaker 1: that this is the case. I think there are a 363 00:16:27,800 --> 00:16:30,080 Speaker 1: whole host of reasons people are leaving some of these 364 00:16:30,080 --> 00:16:32,560 Speaker 1: states and moving to some of the even the warmer 365 00:16:32,640 --> 00:16:35,480 Speaker 1: climates of places like Texas and Florida. The Sunbelt, Baby, 366 00:16:35,480 --> 00:16:38,280 Speaker 1: the Sunbelt, It's a lovely place to be. But yeah, 367 00:16:38,440 --> 00:16:41,360 Speaker 1: moving just to save money on taxes seems a little myopic, 368 00:16:42,440 --> 00:16:44,080 Speaker 1: but I think one of the reasons too that folks 369 00:16:44,200 --> 00:16:46,360 Speaker 1: might be moving is because of the ability to work 370 00:16:46,400 --> 00:16:48,760 Speaker 1: from home, and we've got a couple of stories about that. 371 00:16:48,840 --> 00:16:50,920 Speaker 1: Plus we're also, of course going to talk about investing, 372 00:16:50,920 --> 00:16:53,000 Speaker 1: and we'll get to all of those stories right after this. 373 00:17:02,480 --> 00:17:03,920 Speaker 1: All right, we are back from the break, and we 374 00:17:03,960 --> 00:17:05,920 Speaker 1: are going to talk about working from home here in 375 00:17:05,960 --> 00:17:08,960 Speaker 1: a second. There's some new data out about how people 376 00:17:09,000 --> 00:17:11,280 Speaker 1: are using their time now that they have more of 377 00:17:11,280 --> 00:17:13,600 Speaker 1: it back in their lives because they're commuting less. We'll 378 00:17:13,600 --> 00:17:15,120 Speaker 1: get to that in a second, but first let's get 379 00:17:15,119 --> 00:17:18,080 Speaker 1: to our ludicrous headline of the week. Give it to us, Joel. 380 00:17:18,160 --> 00:17:21,639 Speaker 1: This one comes from CNBC and it reads, young wealthy 381 00:17:21,680 --> 00:17:26,239 Speaker 1: investors are turning to alternative investments. Study shows, first of all, 382 00:17:26,240 --> 00:17:28,800 Speaker 1: who are all these young wealthies? I don't know they actually, 383 00:17:29,480 --> 00:17:31,800 Speaker 1: I think, well, apparently they do, I guess. A new 384 00:17:31,840 --> 00:17:35,480 Speaker 1: study from Bank of America shows that of young investors 385 00:17:35,480 --> 00:17:38,800 Speaker 1: with cash to throw around, they're worried that stocks aren't 386 00:17:38,840 --> 00:17:40,919 Speaker 1: going to provide enough of a return for them in 387 00:17:40,960 --> 00:17:44,040 Speaker 1: the future, and so what they're doing they're turning elsewhere 388 00:17:44,080 --> 00:17:45,760 Speaker 1: with the hopes of being able to make their money 389 00:17:45,760 --> 00:17:49,359 Speaker 1: grow more quickly. Was this a good idea? Well, whether 390 00:17:49,440 --> 00:17:53,080 Speaker 1: or not it is depends largely on which investments they're choosing. 391 00:17:53,520 --> 00:17:55,880 Speaker 1: There aren't many great options. So when you're talking about 392 00:17:56,040 --> 00:17:59,440 Speaker 1: the alternative investment space, for for instance, Matt, the most 393 00:17:59,440 --> 00:18:04,560 Speaker 1: popular alternative investments are investing in shares of stuff like wine, whiskey, 394 00:18:04,600 --> 00:18:07,120 Speaker 1: and artwork. But when you have to invest in those, 395 00:18:07,119 --> 00:18:10,000 Speaker 1: the fees are sky high. For example, Masterworks, which is 396 00:18:10,040 --> 00:18:12,720 Speaker 1: the website that allows you to invest in anything from 397 00:18:12,720 --> 00:18:14,720 Speaker 1: a Keith Herring to a Picasso. I'm I'm partial to 398 00:18:15,040 --> 00:18:17,320 Speaker 1: Keith Herring myself. I love his stuff, but I'm not 399 00:18:17,359 --> 00:18:19,800 Speaker 1: going to invest in his artwork via the Masterwork site 400 00:18:19,840 --> 00:18:22,840 Speaker 1: because it charges people massive fees in the process, something 401 00:18:22,880 --> 00:18:25,480 Speaker 1: like one and a half percent annually, and then of 402 00:18:25,520 --> 00:18:29,640 Speaker 1: the profit when that piece sells. So the fees so 403 00:18:29,720 --> 00:18:32,280 Speaker 1: much money. Right, not to mention the speculation of investing 404 00:18:32,320 --> 00:18:34,960 Speaker 1: in just a particular piece of art or two, you're 405 00:18:35,160 --> 00:18:37,359 Speaker 1: when you tack the fees on top of these alternative 406 00:18:37,440 --> 00:18:40,800 Speaker 1: investments don't make nearly as much sense that they sound good. 407 00:18:41,000 --> 00:18:43,480 Speaker 1: They look good on the front page of the landing 408 00:18:43,480 --> 00:18:46,719 Speaker 1: page of these websites, but when you look underneath at 409 00:18:46,760 --> 00:18:50,520 Speaker 1: performance and fees. There's kind of another darker underbelly to 410 00:18:51,000 --> 00:18:53,359 Speaker 1: alternative investing this, right, Yeah, And like you said, I mean, 411 00:18:53,359 --> 00:18:56,439 Speaker 1: there's just less diversification when you're looking at some of 412 00:18:56,440 --> 00:18:58,600 Speaker 1: these investments too, you know. I mean, by the way, 413 00:18:58,600 --> 00:19:00,800 Speaker 1: we don't put owning physical really state in this category 414 00:19:00,800 --> 00:19:02,600 Speaker 1: because you've you've got a lot more control over the 415 00:19:02,920 --> 00:19:07,360 Speaker 1: outcome of that investment, um. But from a diversification standpoint one, 416 00:19:07,400 --> 00:19:09,880 Speaker 1: fancy painting. You know that you own a small piece 417 00:19:09,920 --> 00:19:14,400 Speaker 1: of could see an astronomical rise in price, yeah, allowing 418 00:19:14,400 --> 00:19:17,280 Speaker 1: you to maybe reap some outsize returns, But many of 419 00:19:17,280 --> 00:19:19,520 Speaker 1: the others that you could invest in might easily see 420 00:19:19,560 --> 00:19:22,080 Speaker 1: smaller gains than what you would see in the overall 421 00:19:22,080 --> 00:19:25,240 Speaker 1: stock market. We talked about this topic back in depth 422 00:19:25,480 --> 00:19:29,600 Speaker 1: in episode fourty six. But alternative investments, they are not 423 00:19:29,640 --> 00:19:32,240 Speaker 1: a great place for most folks to mean to be investing. 424 00:19:32,520 --> 00:19:35,240 Speaker 1: And the reality is that investing while the stock market 425 00:19:35,320 --> 00:19:37,359 Speaker 1: is down like it kind of has been for the 426 00:19:37,400 --> 00:19:40,639 Speaker 1: past few months, it's great for your financial future. Hopefully 427 00:19:40,680 --> 00:19:42,640 Speaker 1: you listen to our advice back in the spring when 428 00:19:42,880 --> 00:19:45,119 Speaker 1: we told you to just keep buying you want to 429 00:19:45,200 --> 00:19:47,440 Speaker 1: keep investing within the stock market. You want to buy 430 00:19:47,440 --> 00:19:51,119 Speaker 1: those widely diversified index funds, especially as the market is 431 00:19:51,240 --> 00:19:53,320 Speaker 1: on a downturn, that gives you the ability to buy 432 00:19:53,320 --> 00:19:56,960 Speaker 1: at a discount. So, whoever, these young, wealthy elite investors 433 00:19:56,960 --> 00:19:59,080 Speaker 1: are the Bank of Americans talking to in the survey, 434 00:19:59,440 --> 00:20:02,240 Speaker 1: we would say, it's okay to use a little bit 435 00:20:02,280 --> 00:20:04,639 Speaker 1: of play money in some of these alternative investment spaces, 436 00:20:04,680 --> 00:20:07,240 Speaker 1: like something like five percent, But most of your money 437 00:20:07,280 --> 00:20:09,639 Speaker 1: that you're investing for your future, you want to go 438 00:20:09,720 --> 00:20:12,639 Speaker 1: to try it in true places, and that means owning 439 00:20:12,680 --> 00:20:15,200 Speaker 1: slices of the American economy as a whole. But yeah, 440 00:20:15,240 --> 00:20:18,520 Speaker 1: the reality is trying to find returns in these other 441 00:20:18,640 --> 00:20:21,560 Speaker 1: random places, Matt, it it often is going to end 442 00:20:21,680 --> 00:20:25,040 Speaker 1: up to their detriment. Right, And on that note, not 443 00:20:25,119 --> 00:20:27,480 Speaker 1: everyone right sees this down market as a great time 444 00:20:27,480 --> 00:20:30,560 Speaker 1: to invest. I saw this note, Matt. This week, all 445 00:20:30,560 --> 00:20:33,640 Speaker 1: of the major investment companies, from Charles Schwab to Robin Hood, 446 00:20:33,640 --> 00:20:37,520 Speaker 1: they're reporting steep drops in trading activity on their platforms. 447 00:20:37,840 --> 00:20:41,439 Speaker 1: Folks are just less interested in buying and trading stocks 448 00:20:41,440 --> 00:20:47,199 Speaker 1: than they were in And this, of course is a 449 00:20:47,240 --> 00:20:49,159 Speaker 1: good thing, right, that people aren't in front of their 450 00:20:49,160 --> 00:20:52,840 Speaker 1: computers to the same degree buying and selling stocks. And 451 00:20:53,240 --> 00:20:55,439 Speaker 1: this is happening for a couple of reasons. One, the 452 00:20:55,440 --> 00:20:57,960 Speaker 1: markets down significantly, and it's just less fun for the 453 00:20:58,000 --> 00:21:01,919 Speaker 1: investing novice who was pumped as stocks were soaring, but 454 00:21:02,040 --> 00:21:04,800 Speaker 1: who has has likely seen their account balances dwindle a 455 00:21:04,800 --> 00:21:07,119 Speaker 1: good bit at this point, and they're just a little 456 00:21:07,160 --> 00:21:11,400 Speaker 1: trigger shy, i'd say, at this point. And also, stimulus 457 00:21:11,440 --> 00:21:13,680 Speaker 1: money is running out. When you aren't getting fresh money 458 00:21:13,720 --> 00:21:16,480 Speaker 1: deposited in your bank account, you're less likely to have 459 00:21:16,560 --> 00:21:19,480 Speaker 1: the ability to make some of these speculative moves. And 460 00:21:19,880 --> 00:21:22,400 Speaker 1: and the fact to the reason that we're everyone's running 461 00:21:22,400 --> 00:21:24,440 Speaker 1: out of money is just the ability to do things 462 00:21:24,480 --> 00:21:27,439 Speaker 1: like spend that money on a plane ticket travel, right, 463 00:21:27,480 --> 00:21:29,760 Speaker 1: the ability for us to like, not only were we 464 00:21:29,800 --> 00:21:32,600 Speaker 1: getting influxes of cash going into our accounts, we were 465 00:21:32,640 --> 00:21:34,399 Speaker 1: limited in how we could spend it back during the 466 00:21:34,400 --> 00:21:36,760 Speaker 1: pandemic and that has completely a reverse course. That's right. 467 00:21:37,160 --> 00:21:39,199 Speaker 1: We couldn't use it on travel then, and so we 468 00:21:39,280 --> 00:21:41,600 Speaker 1: did use it on speculation or not. Not you and I, 469 00:21:41,680 --> 00:21:43,600 Speaker 1: but like that we the public as a whole lot 470 00:21:43,600 --> 00:21:45,240 Speaker 1: of people are doing this and but but you and 471 00:21:45,240 --> 00:21:47,680 Speaker 1: I were glad to see the decline in trading activity 472 00:21:47,720 --> 00:21:50,040 Speaker 1: because the reality is the more you trade, the more 473 00:21:50,080 --> 00:21:52,439 Speaker 1: likely you are to underperform. We do want you to, 474 00:21:52,680 --> 00:21:55,359 Speaker 1: like Matt just said, just keep buying, but not buying 475 00:21:55,359 --> 00:21:57,320 Speaker 1: and selling buying and selling. We want you just to 476 00:21:57,320 --> 00:21:59,960 Speaker 1: continue to stock money away in those tried and true 477 00:22:00,000 --> 00:22:02,399 Speaker 1: index funds a week after week. That's right. Yeah, it 478 00:22:02,400 --> 00:22:05,040 Speaker 1: seems like we're resuming some sort of normalcy within the 479 00:22:05,080 --> 00:22:08,479 Speaker 1: investing markets. Working from home, man, it's it's obviously here 480 00:22:08,520 --> 00:22:11,320 Speaker 1: to stay. Even that, Like, there are some companies who 481 00:22:11,320 --> 00:22:14,040 Speaker 1: are are calling folks back into the office at least, 482 00:22:14,080 --> 00:22:15,720 Speaker 1: you know, for a day or two a week, but 483 00:22:15,760 --> 00:22:18,320 Speaker 1: far more folks are working from home than we're doing 484 00:22:18,320 --> 00:22:22,760 Speaker 1: so pre pandemic. This means less time is spent commuting 485 00:22:22,960 --> 00:22:25,160 Speaker 1: and more time is back in the lives of workers. 486 00:22:25,280 --> 00:22:28,040 Speaker 1: At least theoretically, some folks have opted to use that 487 00:22:28,119 --> 00:22:31,680 Speaker 1: additional time to work more. But a new American time 488 00:22:31,800 --> 00:22:34,600 Speaker 1: you study from the BLS from the Bereau of Labor Statistics, 489 00:22:34,920 --> 00:22:37,719 Speaker 1: they found that the biggest uptick that we're seeing is 490 00:22:37,760 --> 00:22:41,399 Speaker 1: time spent doing, uh, participating in leisure activities things like 491 00:22:41,440 --> 00:22:45,400 Speaker 1: working out, hanging out with friends, socializing, which is awesome. 492 00:22:45,920 --> 00:22:49,000 Speaker 1: We we love seeing this. Uh it's a great use 493 00:22:49,119 --> 00:22:51,760 Speaker 1: of that additional time that folks are able to scrape 494 00:22:51,760 --> 00:22:55,000 Speaker 1: back into their lives basically. And the study found also 495 00:22:55,080 --> 00:22:57,320 Speaker 1: that older Americans are actually using some of that time 496 00:22:57,640 --> 00:23:00,960 Speaker 1: to cook or actually spend it with their kids, which 497 00:23:01,080 --> 00:23:04,200 Speaker 1: are some other great uses as well. And uh so 498 00:23:04,520 --> 00:23:06,520 Speaker 1: we we wanted to touch on the story because how 499 00:23:06,560 --> 00:23:09,400 Speaker 1: it is that we spend these additional pockets of time. 500 00:23:09,440 --> 00:23:12,360 Speaker 1: It really matters, right, Like, we want folks to prioritize 501 00:23:12,400 --> 00:23:15,119 Speaker 1: doing things that is basically that's going to move the 502 00:23:15,160 --> 00:23:17,879 Speaker 1: needle on your happiness meter and it spend time, you know, 503 00:23:17,920 --> 00:23:19,520 Speaker 1: doing the things that are going to make you feel 504 00:23:19,600 --> 00:23:22,080 Speaker 1: better over the long term. Uh, this is in my mind, 505 00:23:22,119 --> 00:23:23,800 Speaker 1: this is good news. Yeah, And I like you said 506 00:23:23,800 --> 00:23:25,560 Speaker 1: how you said those little pockets at time. I feel 507 00:23:25,600 --> 00:23:28,360 Speaker 1: like that's something that I'm learning how to prioritize more 508 00:23:28,640 --> 00:23:31,920 Speaker 1: because I find myself with three minutes here, five minutes there, 509 00:23:32,320 --> 00:23:35,400 Speaker 1: and I want to use those minutes effectively and whether 510 00:23:35,480 --> 00:23:36,920 Speaker 1: or not I'm trying to use those to listen to 511 00:23:36,960 --> 00:23:38,920 Speaker 1: a podcast or to actually even break out a book 512 00:23:38,920 --> 00:23:41,200 Speaker 1: to read because of time, as in like a thirty 513 00:23:41,240 --> 00:23:43,680 Speaker 1: minute commute, but hey, you do three minutes. But I 514 00:23:43,720 --> 00:23:45,520 Speaker 1: think there, I think there's a lot to be said 515 00:23:45,560 --> 00:23:47,760 Speaker 1: for those for those small periods of time where we 516 00:23:47,840 --> 00:23:50,160 Speaker 1: typically break out our phones to scroll through social media, 517 00:23:50,240 --> 00:23:52,439 Speaker 1: and we usually feel crappier at the end of that 518 00:23:52,520 --> 00:23:54,040 Speaker 1: that time as well. And so you're right, we have 519 00:23:54,080 --> 00:23:55,960 Speaker 1: a lot more time. People who are working from home 520 00:23:56,119 --> 00:23:57,679 Speaker 1: have a lot more time that they can use more 521 00:23:57,720 --> 00:24:00,439 Speaker 1: effectively now And the reality is we're seeing just a 522 00:24:00,480 --> 00:24:03,159 Speaker 1: lot more hybrid work right these days, and so in 523 00:24:03,160 --> 00:24:05,479 Speaker 1: a lot of ways that's great for for workers. They 524 00:24:05,480 --> 00:24:07,159 Speaker 1: are able to claud back more of their time to 525 00:24:07,200 --> 00:24:09,320 Speaker 1: spend it the way they want to. But it's important 526 00:24:09,320 --> 00:24:11,359 Speaker 1: to be thoughtful about how we're spending that time totally 527 00:24:11,400 --> 00:24:13,239 Speaker 1: and not just let work take over and not just 528 00:24:13,320 --> 00:24:16,760 Speaker 1: let ourselves fall into other less productive means of spending 529 00:24:16,760 --> 00:24:19,040 Speaker 1: our time as well. And another benefit of remote work, 530 00:24:19,040 --> 00:24:22,480 Speaker 1: Matt the people who aren't commuting apparently are going to 531 00:24:22,560 --> 00:24:25,040 Speaker 1: end up living longer. This was a new study from 532 00:24:25,119 --> 00:24:27,560 Speaker 1: vox over in Europe, and it found that not only 533 00:24:27,600 --> 00:24:31,479 Speaker 1: are folks who work from home collectively saving themselves millions 534 00:24:31,520 --> 00:24:34,560 Speaker 1: of hours commuting each and every day. But they're also, uh, 535 00:24:34,920 --> 00:24:37,119 Speaker 1: this study found, going to have a longer lifespan than 536 00:24:37,160 --> 00:24:39,320 Speaker 1: their peers who are driving to the office every day. 537 00:24:39,359 --> 00:24:41,920 Speaker 1: We've talked about early on in the podcast, we talked 538 00:24:41,920 --> 00:24:44,439 Speaker 1: about commuting and how people's commutes are killing them, Like 539 00:24:44,440 --> 00:24:48,159 Speaker 1: it's just unhealthy to be behind the wheel for multiple 540 00:24:48,200 --> 00:24:50,199 Speaker 1: hours each and each and every day, stuck in traffic. 541 00:24:50,600 --> 00:24:53,160 Speaker 1: And this additional leisure time that people are bringing back 542 00:24:53,160 --> 00:24:56,680 Speaker 1: into their lives is apparently leading to lower overall stress levels, 543 00:24:56,960 --> 00:24:59,240 Speaker 1: which makes a ton of sense. Uh, people who are 544 00:24:59,320 --> 00:25:02,160 Speaker 1: working from home more frequently, they're apparently able to get 545 00:25:02,160 --> 00:25:05,720 Speaker 1: more sleep, which is a crucial factor in producing things 546 00:25:05,800 --> 00:25:09,200 Speaker 1: like chronic illness in your life and makes sense. Yeah, 547 00:25:09,240 --> 00:25:10,879 Speaker 1: this it feels like a bit of a stretch to 548 00:25:10,880 --> 00:25:12,399 Speaker 1: say the people who work from home, we're gonna be 549 00:25:12,400 --> 00:25:14,160 Speaker 1: living longer, But but when you look at that kind 550 00:25:14,200 --> 00:25:17,080 Speaker 1: of the data that's backing it up, it makes sense. 551 00:25:17,080 --> 00:25:19,480 Speaker 1: And sleep is a really important part of a healthy, 552 00:25:19,560 --> 00:25:21,440 Speaker 1: healthy licks town. Yeah, or I mean at least in 553 00:25:21,480 --> 00:25:23,600 Speaker 1: the short term, right, because I feel that like we're 554 00:25:23,600 --> 00:25:25,520 Speaker 1: still at the stage at the point in time where 555 00:25:25,520 --> 00:25:28,000 Speaker 1: and when when having some of this additional time where 556 00:25:28,000 --> 00:25:29,960 Speaker 1: it feels like it's additional time right like it still 557 00:25:30,000 --> 00:25:33,000 Speaker 1: feels novel. And because of that, I think folks might 558 00:25:33,520 --> 00:25:35,840 Speaker 1: be using that time more effectively. But just like we 559 00:25:35,880 --> 00:25:38,000 Speaker 1: see when it comes to like lifestyle inflation, we move 560 00:25:38,040 --> 00:25:41,520 Speaker 1: the goalposts, uh had, Like we're constantly on the headonic treadmill, 561 00:25:41,680 --> 00:25:43,680 Speaker 1: and before long, this is just gonna seem like normal, 562 00:25:43,760 --> 00:25:46,480 Speaker 1: I think for most folks, and they might fall into 563 00:25:46,480 --> 00:25:49,119 Speaker 1: that trap of not using that additional time in ways 564 00:25:49,160 --> 00:25:50,800 Speaker 1: that that is going to move the needle for them. 565 00:25:50,840 --> 00:25:53,440 Speaker 1: And I think the solution there is just being more Yeah. Again, 566 00:25:53,480 --> 00:25:56,520 Speaker 1: it's about being more intentional and actually a little maybe 567 00:25:56,520 --> 00:25:58,439 Speaker 1: a little shout out to our friend Laura Vandercamp. She 568 00:25:58,520 --> 00:26:02,719 Speaker 1: recently published her Tranquility by Tuesday. But if this interest you, 569 00:26:02,760 --> 00:26:04,760 Speaker 1: we would recommend you check out that book because it 570 00:26:04,840 --> 00:26:07,800 Speaker 1: is all about basically finding time, making time for the 571 00:26:07,840 --> 00:26:10,000 Speaker 1: things that matter, and she's like one of the best 572 00:26:10,000 --> 00:26:12,520 Speaker 1: thinkers on that absolutely out there. And by the way, 573 00:26:12,560 --> 00:26:14,880 Speaker 1: you might see yours truly in that book. Like if 574 00:26:15,000 --> 00:26:16,600 Speaker 1: if you happen to pick pick that up, you might 575 00:26:16,640 --> 00:26:19,080 Speaker 1: even see Matt's Perfect Week listen out there. We've talked 576 00:26:19,119 --> 00:26:21,439 Speaker 1: about that before in the past, and how often does 577 00:26:21,440 --> 00:26:24,679 Speaker 1: that perfect we could accomplished Matthew. Never. Never, But the 578 00:26:24,720 --> 00:26:28,720 Speaker 1: ability to essentially see that this space and this time 579 00:26:28,760 --> 00:26:32,200 Speaker 1: exists and that you could potentially use Oh wow, I've 580 00:26:32,200 --> 00:26:34,520 Speaker 1: got to I've got two hours before I need to 581 00:26:34,520 --> 00:26:36,040 Speaker 1: go to bed after I put the kids down, and 582 00:26:36,040 --> 00:26:38,800 Speaker 1: to think, oh, I could literally watch a movie every 583 00:26:38,880 --> 00:26:40,560 Speaker 1: night of the week if I wanted to. That was 584 00:26:40,600 --> 00:26:43,320 Speaker 1: the idea behind mass Perfect Week, to basically prove to 585 00:26:43,359 --> 00:26:45,600 Speaker 1: myself that I did have the time to do certain things. 586 00:26:45,600 --> 00:26:47,959 Speaker 1: And we often like discount some of these time pockets 587 00:26:48,000 --> 00:26:49,480 Speaker 1: in some of these hours that we have, and we're 588 00:26:49,520 --> 00:26:52,040 Speaker 1: just like, well, they're throw it's a throwaway chunk of time. 589 00:26:52,480 --> 00:26:54,200 Speaker 1: Let's let's get to one last story, matt This one 590 00:26:54,280 --> 00:26:56,720 Speaker 1: is about by Now Pay Later. We have had kind 591 00:26:56,720 --> 00:27:00,200 Speaker 1: of a fraud relationship with this new method of buying 592 00:27:00,200 --> 00:27:03,600 Speaker 1: stuff online and it's it's although it's mostly been negative 593 00:27:03,800 --> 00:27:07,119 Speaker 1: and well, and we've advised against people using my Now 594 00:27:07,200 --> 00:27:10,040 Speaker 1: pay Later and check out really since its inception, largely 595 00:27:10,080 --> 00:27:14,320 Speaker 1: because of the behavioral finance nightmare that buying stuff the 596 00:27:14,400 --> 00:27:17,040 Speaker 1: via this method poses. People tend to spend more money 597 00:27:17,040 --> 00:27:21,720 Speaker 1: than the otherwise would because those smaller installment payments allow 598 00:27:21,800 --> 00:27:24,040 Speaker 1: you to then lessen the pain. And the truth is 599 00:27:24,040 --> 00:27:26,680 Speaker 1: American consumers they don't love pain, and so they're like, yeah, cool, 600 00:27:26,720 --> 00:27:29,040 Speaker 1: give it to me, give me this BNPL and so 601 00:27:29,480 --> 00:27:32,080 Speaker 1: they they've used them to the tune of billions and 602 00:27:32,119 --> 00:27:35,560 Speaker 1: billions of dollars, and many are harming their finances in 603 00:27:35,560 --> 00:27:38,680 Speaker 1: the process. The loan bright spot from our vantage point 604 00:27:38,680 --> 00:27:40,520 Speaker 1: that we've talked about on the show was the fact 605 00:27:40,520 --> 00:27:43,639 Speaker 1: that by now, pay later companies were supposed to start 606 00:27:43,680 --> 00:27:47,680 Speaker 1: reporting your activity to the credit bureaus, creating this inexpensive 607 00:27:47,760 --> 00:27:50,320 Speaker 1: avenue to potentially boost your scores. We talked about how 608 00:27:51,200 --> 00:27:53,640 Speaker 1: as this is the case, as more buy now, pay 609 00:27:53,720 --> 00:27:57,600 Speaker 1: later companies are reporting to credit bureaus, maybe just maybe 610 00:27:57,880 --> 00:28:01,200 Speaker 1: using it sparingly can help boost your credit score over time. 611 00:28:01,200 --> 00:28:04,400 Speaker 1: But it turns out this isn't actually happening. The Wall 612 00:28:04,400 --> 00:28:07,520 Speaker 1: Street Journal reported this week that Klarna, after pay and Affirm, 613 00:28:07,840 --> 00:28:11,040 Speaker 1: the three biggest they're still not reporting data to the 614 00:28:11,040 --> 00:28:13,520 Speaker 1: credit bureaus on transactions that are happening. And then this 615 00:28:13,600 --> 00:28:15,639 Speaker 1: article also talked about the fact that the credit bureaus 616 00:28:15,840 --> 00:28:18,920 Speaker 1: have some responsibility in this because although they are willing 617 00:28:18,960 --> 00:28:21,199 Speaker 1: to accept the data, they don't seem to know how 618 00:28:21,240 --> 00:28:23,919 Speaker 1: to use it effectively. And even people who are using 619 00:28:23,960 --> 00:28:26,880 Speaker 1: by now Pay Later, well they're not making any late 620 00:28:26,880 --> 00:28:29,240 Speaker 1: payments or anything, they would see their scores drop. So 621 00:28:29,720 --> 00:28:32,320 Speaker 1: I'm not surprised on either account. I'm not I'm not 622 00:28:32,359 --> 00:28:35,359 Speaker 1: surprised that the bureaus don't know how to make use 623 00:28:35,400 --> 00:28:39,320 Speaker 1: of this data to influence your credit score properly. But 624 00:28:39,480 --> 00:28:41,840 Speaker 1: the takeaway for how the money listeners is to continue 625 00:28:41,840 --> 00:28:45,360 Speaker 1: to avoid by Now Pay Later. Altogether. There's zero upside 626 00:28:45,360 --> 00:28:48,640 Speaker 1: for you, especially at this point, and so basically just 627 00:28:48,720 --> 00:28:50,720 Speaker 1: a crumby way to buy things that could put you 628 00:28:51,240 --> 00:28:53,760 Speaker 1: in a financial hole. Yeah, it also doesn't surprise me 629 00:28:53,880 --> 00:28:56,160 Speaker 1: that the different that the by now Pay Later companies 630 00:28:56,200 --> 00:28:57,920 Speaker 1: aren't reporting the data, because if you think about it, 631 00:28:57,960 --> 00:29:00,400 Speaker 1: what would that do if they actually reported that data 632 00:29:00,520 --> 00:29:03,240 Speaker 1: to the credit bureaus. What that would show is that, oh, 633 00:29:03,280 --> 00:29:06,480 Speaker 1: there's actually more risk by lending to these people, because 634 00:29:06,680 --> 00:29:10,040 Speaker 1: it would reveal the risk that there is a lot 635 00:29:10,080 --> 00:29:13,239 Speaker 1: more ode by this person than we originally thought. And 636 00:29:13,280 --> 00:29:15,880 Speaker 1: what that means is that then companies, uh, some of 637 00:29:15,880 --> 00:29:19,800 Speaker 1: the retailers that the bino pay lader services are offering 638 00:29:19,800 --> 00:29:22,560 Speaker 1: their services to write like the different online retailers, it's 639 00:29:22,560 --> 00:29:24,520 Speaker 1: not as attractive of a cell to them because all 640 00:29:24,520 --> 00:29:26,680 Speaker 1: of a sudden, all of these consumers are going to 641 00:29:26,720 --> 00:29:29,440 Speaker 1: be less likely to be approved for additional credit, which 642 00:29:29,440 --> 00:29:32,280 Speaker 1: would of course ultimately come back to buy the binopulator 643 00:29:32,280 --> 00:29:34,080 Speaker 1: companies in their butt right, like right now they've got 644 00:29:34,120 --> 00:29:36,680 Speaker 1: these valuations because they were able to say that, oh 645 00:29:36,840 --> 00:29:39,640 Speaker 1: now we're able to offer so much like whatever their 646 00:29:39,640 --> 00:29:43,000 Speaker 1: stats are the number of transactions and the number of 647 00:29:43,000 --> 00:29:45,479 Speaker 1: approvals that they get, but that's likely the bigger shopping 648 00:29:45,480 --> 00:29:47,400 Speaker 1: carts a check. Yeah, yeah, and they can do that 649 00:29:47,440 --> 00:29:50,320 Speaker 1: when they're not keeping track of how much these consumers 650 00:29:50,320 --> 00:29:52,880 Speaker 1: oh via after pay right like Clarna doesn't care about 651 00:29:52,880 --> 00:29:54,520 Speaker 1: after pay. After pay is not looking at what the 652 00:29:54,800 --> 00:29:57,200 Speaker 1: same person owes on Klarna. All of these different companies 653 00:29:57,240 --> 00:29:59,640 Speaker 1: are siloing their information, and I mean that is one 654 00:29:59,680 --> 00:30:02,520 Speaker 1: benefit the credit bearers is the ability to see across 655 00:30:02,520 --> 00:30:05,160 Speaker 1: the board for them to be transparency and how it 656 00:30:05,240 --> 00:30:09,240 Speaker 1: is that the consumers are borrowing. Um so again, yeah, 657 00:30:09,360 --> 00:30:11,320 Speaker 1: not surprised at all that they aren't reporting this information 658 00:30:11,320 --> 00:30:14,280 Speaker 1: because it's not in their best short term interests at 659 00:30:14,320 --> 00:30:16,280 Speaker 1: the very least, and by not pay later is not 660 00:30:16,360 --> 00:30:19,040 Speaker 1: in your best best short term or long term interests. So, 661 00:30:19,240 --> 00:30:21,360 Speaker 1: especially as the holidays are around the corner, man, I 662 00:30:21,360 --> 00:30:23,680 Speaker 1: think you're going to see more and more opportunity. People 663 00:30:23,680 --> 00:30:26,200 Speaker 1: are going to be more and more tempted to use 664 00:30:26,200 --> 00:30:28,760 Speaker 1: buy now, pay later to buy some of the goods 665 00:30:28,800 --> 00:30:31,800 Speaker 1: they want to buy their loved ones for Christmas or 666 00:30:32,040 --> 00:30:35,040 Speaker 1: or whatever avoid And you gotta, yeah, it's it's worth 667 00:30:35,160 --> 00:30:37,480 Speaker 1: spending less and not using by now pay later, because 668 00:30:37,480 --> 00:30:39,280 Speaker 1: you're gonna get yourself in a hole, a hole that's 669 00:30:39,280 --> 00:30:40,480 Speaker 1: gonna be hard to get out of. And and in 670 00:30:40,560 --> 00:30:42,640 Speaker 1: January that always happens to people with credit cards. But 671 00:30:42,640 --> 00:30:44,160 Speaker 1: I think by now pay later is going to create 672 00:30:44,360 --> 00:30:47,080 Speaker 1: even more severe and negative situation for a whole lot 673 00:30:47,160 --> 00:30:48,680 Speaker 1: of folks. And early next year we're gonna have a 674 00:30:48,720 --> 00:30:50,920 Speaker 1: lot of people who have by now pay later loans 675 00:30:50,920 --> 00:30:53,080 Speaker 1: that they can't afford to pay off because yeah, they 676 00:30:53,320 --> 00:30:55,400 Speaker 1: bought all the stuff that they could and they opted 677 00:30:55,400 --> 00:30:57,480 Speaker 1: to pay it off over time, but but even in 678 00:30:57,520 --> 00:31:00,440 Speaker 1: these smaller, bite sized payments, they can't afford them. That's right, man, Yeah, 679 00:31:00,440 --> 00:31:03,000 Speaker 1: I could not agree more, but that's gonna be it 680 00:31:03,120 --> 00:31:05,720 Speaker 1: for this episode, And like Joel said at the beginning, 681 00:31:06,160 --> 00:31:09,520 Speaker 1: it has been a minute since we have asked listeners 682 00:31:09,640 --> 00:31:12,760 Speaker 1: to leave a review. We've been preoccupied with the newsletter 683 00:31:12,760 --> 00:31:16,480 Speaker 1: with a credit card tool. But ratings and reviews are that. 684 00:31:16,720 --> 00:31:19,800 Speaker 1: Like that, coupled with folks sharing episodes with their friends 685 00:31:19,840 --> 00:31:21,320 Speaker 1: who don't listen to the show, those are the best 686 00:31:21,320 --> 00:31:23,360 Speaker 1: ways for us to to grow, for us to get 687 00:31:23,360 --> 00:31:25,520 Speaker 1: the word out, for folks to learn how it is 688 00:31:25,520 --> 00:31:27,560 Speaker 1: that they can handle their money better, and so a 689 00:31:27,600 --> 00:31:30,160 Speaker 1: big thank you in advance for that. But Joel, that's 690 00:31:30,160 --> 00:31:32,520 Speaker 1: gonna be it, buddy for this episode. We hope everyone 691 00:31:32,520 --> 00:31:35,440 Speaker 1: has a fantastic weekend. Specifically, we hope you have a 692 00:31:35,440 --> 00:31:38,720 Speaker 1: great Halloween on Monday. Hopefully you're not trick or treating 693 00:31:38,760 --> 00:31:41,600 Speaker 1: on Saturday or Sunday. Halloween it's on Monday, right, You 694 00:31:41,600 --> 00:31:44,440 Speaker 1: always trick or treat on the day of Halloween. Yeah, 695 00:31:44,480 --> 00:31:46,840 Speaker 1: you're stickler about that, and I'm with you, though, I 696 00:31:46,880 --> 00:31:48,920 Speaker 1: am I am uh So that's gonna be buddy until 697 00:31:48,960 --> 00:32:02,320 Speaker 1: next time. Best Friends Out, Best Friends Out, bo