1 00:00:00,080 --> 00:00:02,840 Speaker 1: Welcome to How the Money. I'm Joel and Matt and 2 00:00:02,880 --> 00:00:07,840 Speaker 1: today we're discussing idiotic surveys, side hustle, superpowers, and underutilized 3 00:00:08,039 --> 00:00:29,440 Speaker 1: h S A S. That's right, buddy. This is our 4 00:00:29,680 --> 00:00:32,440 Speaker 1: Friday Flights where we are going to dive into the 5 00:00:32,680 --> 00:00:34,960 Speaker 1: our favorite headlines we've come across. These are the stories 6 00:00:35,000 --> 00:00:36,720 Speaker 1: that we think you should be paying attention to you 7 00:00:36,760 --> 00:00:39,800 Speaker 1: because they're gonna be the most relevant to your money. Uh, 8 00:00:39,800 --> 00:00:41,360 Speaker 1: and we want these to be. This is like an 9 00:00:41,360 --> 00:00:44,960 Speaker 1: empowering All of our episodes are empowering episodes, but specifically, 10 00:00:45,040 --> 00:00:47,199 Speaker 1: these are the stories they're gonna launch you into the 11 00:00:47,240 --> 00:00:51,040 Speaker 1: weekend knowing what is up. Elon must buying Twitter doesn't 12 00:00:51,040 --> 00:00:53,200 Speaker 1: have much relevance to any of our lives, but there's 13 00:00:53,200 --> 00:00:55,160 Speaker 1: a bunch of stuff that did happen this week that 14 00:00:55,280 --> 00:00:57,800 Speaker 1: does have an impact on how you're gonna handle your 15 00:00:57,800 --> 00:01:00,840 Speaker 1: personal finances and what steps you take to improve them. 16 00:01:00,840 --> 00:01:03,200 Speaker 1: And that's what we're gonna discuss tonight. Yeah, yeah, we're 17 00:01:03,200 --> 00:01:05,759 Speaker 1: not gonna be talking about Elon. No, I don't really care. 18 00:01:05,800 --> 00:01:08,040 Speaker 1: Maybe next time. And you know, he just got poor, 19 00:01:08,160 --> 00:01:11,200 Speaker 1: but that's fine, Uh, that's true. He can afford it. 20 00:01:11,240 --> 00:01:13,800 Speaker 1: But Matt, before we get to our our favorite stories 21 00:01:13,840 --> 00:01:16,400 Speaker 1: this week, carry in our Facebook group. By the way, 22 00:01:16,440 --> 00:01:18,480 Speaker 1: if you're not part of the how to Money Facebook group, 23 00:01:18,520 --> 00:01:21,120 Speaker 1: you should totally join. There's almost ten thousand people in 24 00:01:21,160 --> 00:01:23,399 Speaker 1: there helping each other out, and I'm telling you it's 25 00:01:23,400 --> 00:01:28,600 Speaker 1: a good vibe. Everybody is super friendly, inquisitive, and they've 26 00:01:28,640 --> 00:01:31,720 Speaker 1: got good information to share and Carry shared something this 27 00:01:31,760 --> 00:01:33,920 Speaker 1: week and I don't know, I feel like maybe we 28 00:01:33,920 --> 00:01:36,120 Speaker 1: talked about it years ago, but this was at the 29 00:01:36,200 --> 00:01:38,920 Speaker 1: least put back on my radar. It's the too good 30 00:01:38,920 --> 00:01:40,479 Speaker 1: to Go app? Have you heard of that one? So 31 00:01:40,600 --> 00:01:42,680 Speaker 1: I think we talked about maybe a different one maybe, 32 00:01:43,360 --> 00:01:45,840 Speaker 1: or maybe it was a website, but I have not 33 00:01:45,959 --> 00:01:49,280 Speaker 1: seen one that was this slick yeah app because this 34 00:01:49,320 --> 00:01:51,320 Speaker 1: is cool yeah yeah. So essentially the way it works, 35 00:01:51,320 --> 00:01:55,080 Speaker 1: this is an app where different restaurants and grocery grocery 36 00:01:55,080 --> 00:01:58,120 Speaker 1: stores that are out there, they basically allow you to 37 00:01:58,120 --> 00:02:00,680 Speaker 1: purchase items that they're gonna throw away that's going to 38 00:02:00,720 --> 00:02:03,640 Speaker 1: go in the trash, uh, and you get to buy 39 00:02:03,680 --> 00:02:06,240 Speaker 1: those items at a discount. Yeah. Carrie posted her meal, 40 00:02:06,320 --> 00:02:09,400 Speaker 1: like a picture of her meal and it looked delicious, 41 00:02:09,400 --> 00:02:11,600 Speaker 1: Like I think this special purple drink. I don't know 42 00:02:11,639 --> 00:02:13,440 Speaker 1: what it was. It wasn't like a soda, was some 43 00:02:13,520 --> 00:02:15,760 Speaker 1: sort of smoothie or something like that. And I was like, man, 44 00:02:16,040 --> 00:02:18,480 Speaker 1: like delicious and it was like a Mexican, like a 45 00:02:18,520 --> 00:02:22,799 Speaker 1: delicious Mexican um plate of fair And she said she 46 00:02:22,880 --> 00:02:26,400 Speaker 1: got everything in that picture grub for for less than 47 00:02:26,400 --> 00:02:28,240 Speaker 1: five bucks, and I was like, that's that's really good. 48 00:02:28,720 --> 00:02:30,360 Speaker 1: So this is the kind of thing I looked. I 49 00:02:30,400 --> 00:02:32,560 Speaker 1: downloaded the app to check and see if we have 50 00:02:32,600 --> 00:02:37,760 Speaker 1: any restaurants that participate in the Atlanta area. Unfortunately, yeah, 51 00:02:38,080 --> 00:02:39,760 Speaker 1: but if you're in a major city. I saw other 52 00:02:39,760 --> 00:02:42,600 Speaker 1: people replying the two carry's post to hand like, oh yeah, 53 00:02:42,600 --> 00:02:45,880 Speaker 1: I've used it where I am and saw that in 54 00:02:46,040 --> 00:02:49,440 Speaker 1: l A Portland, like Chicago. There's a lot of cities 55 00:02:49,440 --> 00:02:52,760 Speaker 1: where they are. Unfortunately not here in Atlanta yet. But 56 00:02:53,000 --> 00:02:55,519 Speaker 1: this is solving a massive problem, right, Like one third 57 00:02:55,560 --> 00:02:58,000 Speaker 1: of all food goes to waste. And if there's anything 58 00:02:58,080 --> 00:03:00,720 Speaker 1: I hate seeing more than folks wasting their money, it's 59 00:03:00,840 --> 00:03:03,519 Speaker 1: seeing food go to waste, which is one in the same. 60 00:03:03,720 --> 00:03:06,040 Speaker 1: I guess, yeah, they're almost the exact time, wasting food 61 00:03:06,040 --> 00:03:08,560 Speaker 1: wasting money. But it's a win win situation, right, restaurants 62 00:03:08,600 --> 00:03:11,560 Speaker 1: and and again grocery stores, they're able to unload this stuff. 63 00:03:11,600 --> 00:03:14,920 Speaker 1: They make uh somewhat ever profit. I mean obviously maybe 64 00:03:14,960 --> 00:03:17,480 Speaker 1: some break even if it goes in the trash, they're 65 00:03:17,520 --> 00:03:21,359 Speaker 1: not making anything. But yeah, oftentimes they're they're they're like 66 00:03:21,400 --> 00:03:23,400 Speaker 1: these surprise bags, like you don't know what it is 67 00:03:23,440 --> 00:03:25,200 Speaker 1: that you're going to get. You just have to show 68 00:03:25,280 --> 00:03:27,800 Speaker 1: up at the right time, because I'm assuming it's like 69 00:03:28,880 --> 00:03:31,799 Speaker 1: they list the times like minutes before they close, you 70 00:03:31,880 --> 00:03:34,360 Speaker 1: show up, you pay something like I mean, I checked 71 00:03:34,360 --> 00:03:36,840 Speaker 1: out a bunch and there it's like four bucks for 72 00:03:36,960 --> 00:03:39,400 Speaker 1: this bag of food, like you said, And it's almost 73 00:03:39,480 --> 00:03:40,640 Speaker 1: kind of I think I see it as a fun 74 00:03:40,720 --> 00:03:45,120 Speaker 1: way to expose yourself to different ingredients or different meals, 75 00:03:45,320 --> 00:03:49,000 Speaker 1: like different fair that maybe you would not have chosen 76 00:03:49,560 --> 00:03:51,480 Speaker 1: had you had the choice, But because it's sort of 77 00:03:51,480 --> 00:03:55,440 Speaker 1: this mystery flavor, uh, I see that as fun and adventurous. Yeah. Well, 78 00:03:55,480 --> 00:03:58,320 Speaker 1: and especially when a grubhub delivered to you your address 79 00:03:58,400 --> 00:04:00,480 Speaker 1: is gonna cost you twenty two dollars or something like that, 80 00:04:00,600 --> 00:04:02,240 Speaker 1: and this is gonna cost you four grained You're gonna 81 00:04:02,240 --> 00:04:04,360 Speaker 1: have to go pick it up. But it's It's like, hey, 82 00:04:04,400 --> 00:04:05,920 Speaker 1: if you you want to eat out, what you want 83 00:04:05,920 --> 00:04:08,880 Speaker 1: to do it for less money? They're charging you like 84 00:04:08,880 --> 00:04:12,320 Speaker 1: four dollars just in fees, like oh minimum minimum a 85 00:04:12,400 --> 00:04:14,720 Speaker 1: counting the delivery feed like and then it hip on 86 00:04:14,760 --> 00:04:16,560 Speaker 1: top that you gotta give. I mean, this is one 87 00:04:16,560 --> 00:04:18,640 Speaker 1: of those ways to be able to have the ability 88 00:04:18,680 --> 00:04:20,400 Speaker 1: to eat out a little bit more, but to do 89 00:04:20,440 --> 00:04:21,599 Speaker 1: it in a way that cost you way less money 90 00:04:21,680 --> 00:04:24,880 Speaker 1: is actually saving food from going in the carbage. I 91 00:04:24,920 --> 00:04:27,000 Speaker 1: love it. I'm a huge fan of this ap all right. Yeah, 92 00:04:27,040 --> 00:04:29,160 Speaker 1: And and by the way, I love I always love 93 00:04:29,400 --> 00:04:31,640 Speaker 1: seeing tips posts in the Facebook group. I I look 94 00:04:31,680 --> 00:04:33,200 Speaker 1: in there and comment in there from time to time. 95 00:04:33,240 --> 00:04:35,479 Speaker 1: So it's it's fun to see how how the money 96 00:04:35,520 --> 00:04:37,720 Speaker 1: listeners are saving money. We'll put a link by the 97 00:04:37,760 --> 00:04:39,840 Speaker 1: way for to our Facebook group in the show notes 98 00:04:39,880 --> 00:04:43,000 Speaker 1: for this episode. The Happiest place on the Internet. It 99 00:04:43,120 --> 00:04:46,120 Speaker 1: is one of them, isn't it. It feels like that, Yeah, 100 00:04:45,880 --> 00:04:48,560 Speaker 1: that's what that's on your slogan. Usually people are massively 101 00:04:48,600 --> 00:04:51,200 Speaker 1: unkind on the internet, but not in there. All right, 102 00:04:51,240 --> 00:04:53,440 Speaker 1: let's let's move on, Matt though. Let's get to the 103 00:04:53,839 --> 00:04:56,520 Speaker 1: topic in hand. We're talking our Friday flight a sampling 104 00:04:56,560 --> 00:04:59,240 Speaker 1: of stories we found interesting this week, and let's start 105 00:04:59,279 --> 00:05:02,880 Speaker 1: off by talking about h s as health savings accounts 106 00:05:02,920 --> 00:05:05,719 Speaker 1: and uh, kind of boring sometimes a lot of people, 107 00:05:05,880 --> 00:05:08,440 Speaker 1: it's it's not it's not super sexy. But there was 108 00:05:08,480 --> 00:05:10,560 Speaker 1: a great article this week in the Wall Street Journal 109 00:05:10,560 --> 00:05:13,279 Speaker 1: about h s A s and we've talked about kind 110 00:05:13,279 --> 00:05:15,479 Speaker 1: of how good hs as can be, how they're one 111 00:05:15,520 --> 00:05:18,720 Speaker 1: of the most tax advantaged accounts in existence, and I'm 112 00:05:18,720 --> 00:05:21,240 Speaker 1: glad to see them getting a little more publicity because 113 00:05:21,640 --> 00:05:24,719 Speaker 1: we've always said that, but there's just not much ink 114 00:05:24,880 --> 00:05:27,480 Speaker 1: dedicated to how great they are, so most people still 115 00:05:27,520 --> 00:05:29,240 Speaker 1: don't know. Yeah, big media, they need to talk about 116 00:05:29,320 --> 00:05:31,440 Speaker 1: h s A is more. There's only so many episodes 117 00:05:31,480 --> 00:05:35,719 Speaker 1: that we can dedicate IS before you're gonna unsubscribe exactly. 118 00:05:35,720 --> 00:05:37,680 Speaker 1: But it truly is something that needs to be talked 119 00:05:37,680 --> 00:05:40,599 Speaker 1: about more. And and the thing that struck accord with 120 00:05:40,640 --> 00:05:44,200 Speaker 1: me reading this article this week was seeing stats about 121 00:05:44,360 --> 00:05:48,600 Speaker 1: how many HSA dollars there are overall, it's grown quite 122 00:05:48,600 --> 00:05:51,240 Speaker 1: a bit, but how many h s A dollars are 123 00:05:51,360 --> 00:05:55,320 Speaker 1: not being invested, And that to me was the biggest travesty. 124 00:05:55,400 --> 00:05:57,440 Speaker 1: So I was glad to see, there's now more than 125 00:05:57,480 --> 00:06:00,839 Speaker 1: a hundred and five billion dollars tucked away inside of 126 00:06:00,960 --> 00:06:05,160 Speaker 1: hs as, these brilliant tax advantaged accounts, but but only 127 00:06:05,240 --> 00:06:08,640 Speaker 1: thirty four billion of those dollars is being invested. The 128 00:06:08,760 --> 00:06:11,760 Speaker 1: rest is sitting on sidelines. It's sort of cash equivalent. 129 00:06:11,839 --> 00:06:13,920 Speaker 1: So people are stocking money away in there, but then 130 00:06:14,160 --> 00:06:17,039 Speaker 1: they're not utilizing the resources that they have to its 131 00:06:17,080 --> 00:06:19,520 Speaker 1: fullest potential. That's that's not good. And I think part 132 00:06:19,520 --> 00:06:21,080 Speaker 1: of it is because, like you and I have said, 133 00:06:21,160 --> 00:06:24,560 Speaker 1: hs as have a branding problem. They're called health savings accounts, 134 00:06:24,560 --> 00:06:26,960 Speaker 1: and so people assume that any money they stick in 135 00:06:26,960 --> 00:06:31,560 Speaker 1: there should be used two save for current your health 136 00:06:31,560 --> 00:06:34,560 Speaker 1: care expenses. But we would say, no, that's actually wrong. 137 00:06:34,600 --> 00:06:36,760 Speaker 1: And I wish we could just rename the account overall 138 00:06:36,800 --> 00:06:39,600 Speaker 1: to help people understand this. But the account works best 139 00:06:39,680 --> 00:06:42,200 Speaker 1: is a long term investment account. And so if you 140 00:06:42,279 --> 00:06:44,400 Speaker 1: want the full scoop on how great h s A 141 00:06:44,560 --> 00:06:47,480 Speaker 1: s are and can be. By the way, it's we're 142 00:06:47,480 --> 00:06:50,000 Speaker 1: getting to this point open enrollment and more and more 143 00:06:50,000 --> 00:06:52,000 Speaker 1: people have access to an h s A. This is 144 00:06:52,040 --> 00:06:54,360 Speaker 1: the time to be thinking about it. Check out our 145 00:06:54,400 --> 00:06:57,039 Speaker 1: episode episode one of five, where we kind of dug deep, 146 00:06:57,080 --> 00:06:59,200 Speaker 1: and we we gave the full scoop on hs A s. 147 00:06:59,520 --> 00:07:01,880 Speaker 1: But yeah, let's say you already have one, but you're 148 00:07:01,920 --> 00:07:04,680 Speaker 1: only saving money inside of it. You're not investing that money. 149 00:07:04,760 --> 00:07:06,880 Speaker 1: We want to tell you to go look again and 150 00:07:06,880 --> 00:07:09,279 Speaker 1: start investing those dollars instead of just saving them. And 151 00:07:09,279 --> 00:07:10,960 Speaker 1: then if you don't have an hs A, it's a 152 00:07:10,960 --> 00:07:13,040 Speaker 1: great time to to think about signing up for one. 153 00:07:13,120 --> 00:07:15,720 Speaker 1: That's right. I think in episodes past, anytime we've talked 154 00:07:15,720 --> 00:07:17,960 Speaker 1: about the hs A, we've likened it to like a 155 00:07:18,080 --> 00:07:20,240 Speaker 1: tesla that you're just using to run the kids up 156 00:07:20,280 --> 00:07:23,320 Speaker 1: to the neighborhood pool. It's like you're not taking advantage 157 00:07:23,480 --> 00:07:26,240 Speaker 1: of the full potential of this actual vehicle. Instead of 158 00:07:26,240 --> 00:07:28,640 Speaker 1: a hs A, it should be an h I, a 159 00:07:28,760 --> 00:07:31,840 Speaker 1: health investing account. You should be drag racing that tesla, clearly, 160 00:07:32,640 --> 00:07:35,440 Speaker 1: but that thing in ludacrous mode. But yeah, the truth 161 00:07:35,560 --> 00:07:38,080 Speaker 1: is hs as can be an incredibly powerful tool in 162 00:07:38,160 --> 00:07:40,600 Speaker 1: helping you to build wealth for the future. And they 163 00:07:40,600 --> 00:07:43,480 Speaker 1: are literally the only account we know of that won't 164 00:07:43,480 --> 00:07:46,920 Speaker 1: be taxed in any way, any form or fashion if 165 00:07:47,120 --> 00:07:50,320 Speaker 1: used correctly. But luckily, stats show that over half of 166 00:07:50,360 --> 00:07:54,280 Speaker 1: workers who receive healthcare from their employers are in a 167 00:07:54,400 --> 00:07:58,960 Speaker 1: high deductible health plan. And this is actually good news 168 00:07:59,040 --> 00:08:01,400 Speaker 1: because like on the downside, it means that you've you know, 169 00:08:01,400 --> 00:08:03,800 Speaker 1: you've got to be better at self ensuring for healthcare 170 00:08:03,840 --> 00:08:06,320 Speaker 1: costs that come up. A lot of times folks aren't 171 00:08:06,360 --> 00:08:08,640 Speaker 1: used to doing that. But what that means the bright 172 00:08:08,680 --> 00:08:11,560 Speaker 1: side is that this gives you access to an h 173 00:08:11,760 --> 00:08:15,320 Speaker 1: s A, which can be again just this incredibly powerful tool, 174 00:08:15,640 --> 00:08:19,920 Speaker 1: not for your healthcare costs now, but for actual retirement. 175 00:08:19,960 --> 00:08:21,680 Speaker 1: And by the way morning started, they just ranked their 176 00:08:21,720 --> 00:08:25,000 Speaker 1: top hs A providers Fidelity and Lively. There are a 177 00:08:25,080 --> 00:08:27,120 Speaker 1: couple of our favorites. We're happy to see that they 178 00:08:27,160 --> 00:08:28,920 Speaker 1: are still at the top of the list. They are 179 00:08:28,960 --> 00:08:31,360 Speaker 1: treating folks the best, which which often means that they 180 00:08:31,400 --> 00:08:33,400 Speaker 1: are charging you the least and providing you with the 181 00:08:33,600 --> 00:08:36,520 Speaker 1: best options when it comes to actually investing that money. 182 00:08:36,520 --> 00:08:38,880 Speaker 1: And so if you are looking to open an hs 183 00:08:38,920 --> 00:08:41,760 Speaker 1: A because you do have a high deductible healthcare plan, 184 00:08:42,080 --> 00:08:44,240 Speaker 1: be sure to check out Fidelity or Lively. That's right, 185 00:08:44,320 --> 00:08:46,319 Speaker 1: all right, let's let's give maybe a couple of money 186 00:08:46,320 --> 00:08:49,360 Speaker 1: saving shopping updates. Matt. We talked for a second about 187 00:08:49,559 --> 00:08:53,080 Speaker 1: shopping last week, and and Goodwill is getting with the times, 188 00:08:53,400 --> 00:08:55,439 Speaker 1: is now selling stuff online. I thought that was that 189 00:08:55,520 --> 00:08:57,840 Speaker 1: was kind of cool to see. They technically already had 190 00:08:57,840 --> 00:09:00,160 Speaker 1: a site that we've talked about before that you have 191 00:09:00,240 --> 00:09:02,920 Speaker 1: shopped that what shop Goodwill dot com I think is 192 00:09:02,960 --> 00:09:04,839 Speaker 1: what it was called, right, yep. Yeah, it used to 193 00:09:04,880 --> 00:09:07,960 Speaker 1: be really like just a really terrible site. They have 194 00:09:08,160 --> 00:09:10,560 Speaker 1: up updated it over the years and it's actually not 195 00:09:10,679 --> 00:09:12,800 Speaker 1: terrible these days, but it's still a little bit backwards. 196 00:09:13,200 --> 00:09:15,200 Speaker 1: It still feels kind of dated when you go in 197 00:09:15,240 --> 00:09:17,720 Speaker 1: there and you're trying to that was more auction style, 198 00:09:17,800 --> 00:09:20,640 Speaker 1: kind of like he Bay Is that correct? Exactly exactly? Okay, well, 199 00:09:20,679 --> 00:09:22,880 Speaker 1: well now you have a chance at getting a better 200 00:09:22,920 --> 00:09:25,280 Speaker 1: deal without having to go through the auction hoops. There's 201 00:09:25,320 --> 00:09:28,280 Speaker 1: an like an actual online store the Goodwill has set 202 00:09:28,360 --> 00:09:31,480 Speaker 1: up where there's where their prices as opposed to go ahead, 203 00:09:31,520 --> 00:09:34,120 Speaker 1: put them off for it, on it, we'll see what happened. Yeah, 204 00:09:34,320 --> 00:09:37,560 Speaker 1: So this one is called good Will Finds dot com 205 00:09:37,640 --> 00:09:39,480 Speaker 1: and it's it's kind of an attempt to mimic sites 206 00:09:39,520 --> 00:09:42,120 Speaker 1: like thread up in posh Mark where they're appealing to 207 00:09:42,120 --> 00:09:45,160 Speaker 1: folks who want nicer name brand goods, but they don't 208 00:09:45,200 --> 00:09:47,280 Speaker 1: mind buying amused so they can get a discount of price. 209 00:09:47,679 --> 00:09:50,480 Speaker 1: And yeah, have the fun to me of Goodwill is 210 00:09:50,760 --> 00:09:52,880 Speaker 1: perusing the racks in person. But I don't know, I 211 00:09:52,920 --> 00:09:55,959 Speaker 1: can I could see myself getting into shopping for used 212 00:09:56,000 --> 00:09:57,760 Speaker 1: goods on this good Will site. To what do you 213 00:09:57,800 --> 00:10:00,000 Speaker 1: think that you're gonna You're gonna check it out? Definitely 214 00:10:00,000 --> 00:10:01,320 Speaker 1: they will add it to the list if I'm looking 215 00:10:01,360 --> 00:10:03,200 Speaker 1: for something, because there there's some items that it just 216 00:10:03,240 --> 00:10:06,280 Speaker 1: doesn't matter if their their second hand um, and so yeah, 217 00:10:06,360 --> 00:10:11,840 Speaker 1: make sure that you add not only business there nasty uh. 218 00:10:11,960 --> 00:10:14,920 Speaker 1: Goodwill finds dot com and shop Goodwill are both great 219 00:10:14,920 --> 00:10:17,679 Speaker 1: sites to check out. So on another related note, are 220 00:10:17,679 --> 00:10:20,840 Speaker 1: e I uh, they have announced that they're no longer 221 00:10:20,840 --> 00:10:25,000 Speaker 1: going to participate in Black Friday. Like ever, like, we're 222 00:10:25,000 --> 00:10:27,080 Speaker 1: glad to see that the Black Friday area it seems 223 00:10:27,080 --> 00:10:29,800 Speaker 1: to be mostly over, you know, like where folks are 224 00:10:29,800 --> 00:10:31,880 Speaker 1: waking up at the butt crack of dawn the day 225 00:10:31,920 --> 00:10:35,080 Speaker 1: after Thanksgiving or actually even leaving dinner with a family 226 00:10:35,080 --> 00:10:37,800 Speaker 1: early to go by massively discount of goods. I remember 227 00:10:37,800 --> 00:10:40,040 Speaker 1: one of my aunts and my grandma doing that one year, 228 00:10:40,120 --> 00:10:42,480 Speaker 1: after Thanksgiving dinner was over, they're like, all right, we're 229 00:10:42,480 --> 00:10:44,480 Speaker 1: gonna head out to go to the Black Friday shopping. 230 00:10:44,520 --> 00:10:47,960 Speaker 1: It's been back in the nineties TV now and so, 231 00:10:48,000 --> 00:10:51,079 Speaker 1: as we discussed a little bit last week, the sale 232 00:10:51,200 --> 00:10:54,320 Speaker 1: and the deal window, it's being extended. It's it's starting earlier, 233 00:10:54,679 --> 00:10:56,400 Speaker 1: which is going to make it easier for folks to 234 00:10:56,440 --> 00:10:59,560 Speaker 1: save money on holiday gifts and to just spread out 235 00:10:59,600 --> 00:11:02,000 Speaker 1: their purchase is over time instead of just making this 236 00:11:02,040 --> 00:11:05,560 Speaker 1: one crazy mad dash on a specific weekend. Um. But 237 00:11:05,640 --> 00:11:07,600 Speaker 1: we wanted to share this because this is just another 238 00:11:07,800 --> 00:11:09,920 Speaker 1: reason to love ari E. I like they were doing this. 239 00:11:10,280 --> 00:11:13,120 Speaker 1: This isn't because they're realizing that, oh you know, if 240 00:11:13,200 --> 00:11:14,920 Speaker 1: not not many folks are really showing up at these 241 00:11:14,920 --> 00:11:18,080 Speaker 1: sales anymore. That they started doing this back in and 242 00:11:18,320 --> 00:11:20,000 Speaker 1: this year just announced that it's going to be a 243 00:11:20,000 --> 00:11:22,800 Speaker 1: permanent change. They were doing it before it was cool. 244 00:11:23,400 --> 00:11:26,959 Speaker 1: But again their hashtag opt outside movement exactly, which is 245 00:11:27,000 --> 00:11:31,040 Speaker 1: just awesome. They're thinking, where should our employees be Friday 246 00:11:31,120 --> 00:11:33,840 Speaker 1: after Thanksgiving? Should there be indoors dealing with the throngs 247 00:11:33,880 --> 00:11:35,680 Speaker 1: of people who are trying to get a sale, or 248 00:11:35,800 --> 00:11:37,800 Speaker 1: maybe yeah, they should be outside the day after thanks 249 00:11:37,840 --> 00:11:39,480 Speaker 1: give me what a great time to get out and 250 00:11:39,480 --> 00:11:42,320 Speaker 1: move your body around them after you've eaten all that food. 251 00:11:42,760 --> 00:11:45,000 Speaker 1: But again, keep in mind that you know, deals on 252 00:11:45,040 --> 00:11:47,720 Speaker 1: stuff that you're already planning to buy are great, but 253 00:11:47,760 --> 00:11:50,640 Speaker 1: deals and stuff that you haven't even budgeted for are bad. 254 00:11:50,960 --> 00:11:53,520 Speaker 1: We want you to shop judiciously. Keep that in mind 255 00:11:53,559 --> 00:11:56,120 Speaker 1: before you hit purchase on any item, whether you're doing 256 00:11:56,120 --> 00:11:58,719 Speaker 1: it at ari I or at shop Goodwill or good 257 00:11:58,760 --> 00:12:01,240 Speaker 1: Will find dot Com. Into that time of year where 258 00:12:01,280 --> 00:12:05,160 Speaker 1: everybody wants a piece of your of your money they spending, 259 00:12:05,200 --> 00:12:06,400 Speaker 1: They want you to use your credit card, and they 260 00:12:06,400 --> 00:12:08,480 Speaker 1: want you to swipe it because this is the time 261 00:12:08,520 --> 00:12:11,840 Speaker 1: of year where retailers make their money. And just because 262 00:12:11,880 --> 00:12:14,560 Speaker 1: it's on sale doesn't mean that we should be buying it. 263 00:12:14,600 --> 00:12:16,880 Speaker 1: And one of the reasons, Matt, that you need to 264 00:12:16,880 --> 00:12:20,200 Speaker 1: be a smart shopper right now is because debt seems 265 00:12:20,200 --> 00:12:23,160 Speaker 1: to be on the comeback trail. Savings rates for Americans 266 00:12:23,160 --> 00:12:25,480 Speaker 1: are down. They spiked there for a bit kind of 267 00:12:25,600 --> 00:12:28,080 Speaker 1: during the pandemic during the early days, but now they're 268 00:12:28,160 --> 00:12:30,760 Speaker 1: right back down to around five percent, which is low, 269 00:12:30,840 --> 00:12:33,800 Speaker 1: Like five percent of your income is it's not enough 270 00:12:34,120 --> 00:12:37,000 Speaker 1: and long term credit card debt has always been a 271 00:12:37,040 --> 00:12:39,360 Speaker 1: real problem, but it seems to be getting worse too. 272 00:12:39,480 --> 00:12:43,440 Speaker 1: According to credit cards dot Com, some six of credit 273 00:12:43,440 --> 00:12:46,760 Speaker 1: card debt ors owe money to the main player's Visa 274 00:12:46,760 --> 00:12:49,880 Speaker 1: master Card, American Express, and they have owed money to 275 00:12:49,960 --> 00:12:53,079 Speaker 1: the credit card companies for at least a year, often 276 00:12:53,400 --> 00:12:56,800 Speaker 1: because they're putting emergency expenses on a credit card without 277 00:12:57,160 --> 00:12:58,880 Speaker 1: any way to pay it off. And you and I 278 00:12:58,920 --> 00:13:01,079 Speaker 1: we talked about credit cards lot. We had Brian Kelly, 279 00:13:01,080 --> 00:13:03,720 Speaker 1: the points guy, on recently to talk about getting getting 280 00:13:03,760 --> 00:13:06,080 Speaker 1: points for signing up for cards and when you're paying 281 00:13:06,080 --> 00:13:09,000 Speaker 1: for them using points wisely. But what Brian said is 282 00:13:09,040 --> 00:13:11,600 Speaker 1: exactly what we've always said about credit cards too. You're 283 00:13:11,640 --> 00:13:14,280 Speaker 1: losing the game if you're not paying your bill on 284 00:13:14,400 --> 00:13:16,840 Speaker 1: time and in full every single month. We are fans 285 00:13:16,920 --> 00:13:19,800 Speaker 1: of using credit cards wisely, but surveys like this make 286 00:13:19,880 --> 00:13:22,120 Speaker 1: us want to like extend that word of caution again. 287 00:13:22,160 --> 00:13:24,400 Speaker 1: I feel like every time we talked about credit cards, 288 00:13:24,600 --> 00:13:27,160 Speaker 1: we have to tell the whole truth that the sign 289 00:13:27,240 --> 00:13:29,920 Speaker 1: up bonuses and the rewards can be great if you 290 00:13:30,000 --> 00:13:33,840 Speaker 1: are a disciplined user of credit cards, because the rewards 291 00:13:33,880 --> 00:13:36,040 Speaker 1: pale in comparison to the interest you're gonna be paying, 292 00:13:36,120 --> 00:13:38,880 Speaker 1: especially as like we talked about recently, credit card interest 293 00:13:38,960 --> 00:13:41,600 Speaker 1: rates continue to climb. That is one of the side effects. 294 00:13:41,600 --> 00:13:43,480 Speaker 1: So talked about this on Wednesday fed fed right high. 295 00:13:43,520 --> 00:13:46,440 Speaker 1: So we talked about on Wednesday exactly. And so this 296 00:13:46,559 --> 00:13:48,080 Speaker 1: is the time of year. I think it gets people 297 00:13:48,080 --> 00:13:50,000 Speaker 1: in trouble when it comes to debt, when it comes 298 00:13:50,040 --> 00:13:52,800 Speaker 1: to credit card usage and getting in over their heads. 299 00:13:53,120 --> 00:13:55,400 Speaker 1: And I think we're going to see people, especially with 300 00:13:55,440 --> 00:13:57,920 Speaker 1: inflation taking up, it's going to be even more fraud 301 00:13:57,960 --> 00:14:00,000 Speaker 1: this year. So you gotta pay even more close attention 302 00:14:00,040 --> 00:14:02,559 Speaker 1: until you're spending right now is definitely we're gonna take 303 00:14:02,559 --> 00:14:04,280 Speaker 1: a quick break, but after that we're going to talk 304 00:14:04,320 --> 00:14:06,880 Speaker 1: about maybe some different ways that you can earn more. 305 00:14:07,000 --> 00:14:10,960 Speaker 1: This is possibly the pay transparency or even through some 306 00:14:11,000 --> 00:14:13,480 Speaker 1: side hustles. We'll get to that plus several other stories 307 00:14:13,640 --> 00:14:29,720 Speaker 1: right after this Friday continues. It'll never die until we die, um, 308 00:14:29,720 --> 00:14:33,280 Speaker 1: but yeah, for for it's the Frankenstein of how the money. 309 00:14:33,720 --> 00:14:35,920 Speaker 1: It's something like that, like it continues, yeah or no. 310 00:14:36,000 --> 00:14:37,480 Speaker 1: It's like a zombie but you can never kill it 311 00:14:37,520 --> 00:14:39,520 Speaker 1: kind of gets like a Frankenstein though it's like pieced together. 312 00:14:39,880 --> 00:14:42,600 Speaker 1: It's it's like this hodgepodge of bits and you know, 313 00:14:42,680 --> 00:14:44,240 Speaker 1: you can you feel it. A bunch of different stories 314 00:14:44,240 --> 00:14:47,200 Speaker 1: were totally getting into the Halloween spirit spooky season. Have 315 00:14:47,240 --> 00:14:50,240 Speaker 1: you decorated your house yet? Have you? Yeah? I mean 316 00:14:50,280 --> 00:14:52,880 Speaker 1: we haven't done like a ton, but we're totally behind. 317 00:14:52,920 --> 00:14:54,960 Speaker 1: Maybe we're okay. Now we're talking about we want to 318 00:14:55,320 --> 00:14:57,560 Speaker 1: look up when one of those stores, the Spirit Halloween 319 00:14:57,600 --> 00:15:00,000 Speaker 1: stores or whatever, just to take the kids there, um 320 00:15:00,560 --> 00:15:02,320 Speaker 1: for them to see all this stuff, because I've got 321 00:15:02,320 --> 00:15:03,880 Speaker 1: all that stuff and I just remember going into those 322 00:15:03,880 --> 00:15:06,360 Speaker 1: stores as a kid myself and it was just a 323 00:15:06,360 --> 00:15:08,760 Speaker 1: ton of fun. Yeah, it's just impressive to to walk around, 324 00:15:08,800 --> 00:15:10,520 Speaker 1: even if you don't buy anything, and it's a good 325 00:15:10,520 --> 00:15:14,200 Speaker 1: field trip. But let's get to our ludicrous headline of 326 00:15:14,240 --> 00:15:17,480 Speaker 1: the week. This one comes from Axios and it was 327 00:15:17,520 --> 00:15:20,200 Speaker 1: it was covered widely though, and this one read Kim 328 00:15:20,240 --> 00:15:22,760 Speaker 1: Kardashian to pay one point to six million in crypto 329 00:15:22,840 --> 00:15:26,440 Speaker 1: charges settlement. Basically our good friend front of the show, 330 00:15:26,520 --> 00:15:28,800 Speaker 1: Kim Kardashian, I I lie, she's not we're not. We 331 00:15:28,840 --> 00:15:30,440 Speaker 1: don't know her at all. But she got paid two 332 00:15:30,640 --> 00:15:33,880 Speaker 1: dred and fifty thousand dollars for one Instagram post about 333 00:15:33,920 --> 00:15:37,520 Speaker 1: a crypto coin, and Matt I believe we talked about 334 00:15:37,520 --> 00:15:39,760 Speaker 1: it at the time. We discussed how crappy it was 335 00:15:39,800 --> 00:15:42,800 Speaker 1: that she was shilling for one of these coins to 336 00:15:42,880 --> 00:15:45,480 Speaker 1: line her own pockets when a lot of her followers 337 00:15:45,480 --> 00:15:48,320 Speaker 1: we're gonna lose money, and that's um. I have a 338 00:15:48,320 --> 00:15:51,200 Speaker 1: hard time imagining how someone with her level of wealth 339 00:15:51,200 --> 00:15:54,640 Speaker 1: feels compelled to sell out her followers like that. A 340 00:15:54,720 --> 00:15:56,840 Speaker 1: lot of her followers got burned if they took her advice. 341 00:15:57,280 --> 00:15:59,240 Speaker 1: And not only does it turn out was it just 342 00:15:59,280 --> 00:16:02,400 Speaker 1: crappy advice, but according to the FTC, it was also 343 00:16:02,560 --> 00:16:05,480 Speaker 1: illegal and so now she's agreed to pay a fine. 344 00:16:05,800 --> 00:16:07,440 Speaker 1: And so I don't know. I would say we're glad 345 00:16:07,480 --> 00:16:12,480 Speaker 1: to see some accountability, Yes, but even when celebrity endorsements 346 00:16:12,560 --> 00:16:16,760 Speaker 1: don't cross the line of legality, like Matt Damon or 347 00:16:16,840 --> 00:16:20,160 Speaker 1: Larry David's Super Bowl commercials for crypto, they're still leading 348 00:16:20,160 --> 00:16:23,360 Speaker 1: everyday consumers to take risk ear beats right, often causing 349 00:16:23,400 --> 00:16:26,600 Speaker 1: them to lose big bucks. So I'm glad to see 350 00:16:26,720 --> 00:16:30,760 Speaker 1: some sort of justice done for pretty crummy pitch that 351 00:16:30,760 --> 00:16:32,880 Speaker 1: should have never happened, but krypto is still a space 352 00:16:32,880 --> 00:16:35,160 Speaker 1: where people really have to have to continue to look 353 00:16:35,160 --> 00:16:38,600 Speaker 1: out for themselves because hype filled pitches or are still 354 00:16:38,680 --> 00:16:40,720 Speaker 1: kind of the norm. Yeah, well, and you said that 355 00:16:41,240 --> 00:16:43,240 Speaker 1: justice has been doled out. That's I mean, I think 356 00:16:43,320 --> 00:16:46,720 Speaker 1: that's probably a stretch as well, because for her, I mean, 357 00:16:46,920 --> 00:16:49,720 Speaker 1: you see, what's the fine, like one point something million dollars, 358 00:16:49,720 --> 00:16:51,120 Speaker 1: Like that is a lot of money. She basically had 359 00:16:51,120 --> 00:16:54,800 Speaker 1: to pay back all the money she made plus more penalty. Right. Well, 360 00:16:54,800 --> 00:16:57,120 Speaker 1: that I mean that doesn't include how much she made 361 00:16:57,240 --> 00:17:00,320 Speaker 1: on her hyping that coin, right, and so how much 362 00:17:00,320 --> 00:17:03,440 Speaker 1: did she buy before she you know, had that ad 363 00:17:03,600 --> 00:17:06,840 Speaker 1: or had that post's ing her account that money that 364 00:17:06,880 --> 00:17:09,080 Speaker 1: amount of capital gains, I don't think we know. But 365 00:17:09,160 --> 00:17:11,240 Speaker 1: for somebody like her, who has got like a like 366 00:17:11,240 --> 00:17:12,800 Speaker 1: a net worth of a couple of billion dollars, this 367 00:17:12,920 --> 00:17:16,080 Speaker 1: is just like this is like a speeding ticket for her. Well, 368 00:17:16,119 --> 00:17:18,440 Speaker 1: she did have to agree to not I think hill 369 00:17:18,520 --> 00:17:20,480 Speaker 1: for any crypto she's like, yeah, no problem for like 370 00:17:20,520 --> 00:17:23,720 Speaker 1: three years and she's like, yeah, it's crypto dead. I 371 00:17:23,760 --> 00:17:26,080 Speaker 1: don't know, but she's probably thinking it doesn't really matter 372 00:17:26,080 --> 00:17:28,720 Speaker 1: to me anyway. But but Yeah, it seemed like it 373 00:17:28,720 --> 00:17:31,400 Speaker 1: was more of a warning for other celebrities out there 374 00:17:31,440 --> 00:17:34,200 Speaker 1: who are looking to potentially, you know, pimp a coin, 375 00:17:34,600 --> 00:17:37,119 Speaker 1: because although it may not affect her bottom line all 376 00:17:37,119 --> 00:17:40,040 Speaker 1: that much, that would affect somebody else's. And the Financial 377 00:17:40,080 --> 00:17:43,800 Speaker 1: Times they recently documented what they called the lawless world 378 00:17:43,800 --> 00:17:46,440 Speaker 1: of crypto, which is basically kind of what we're seeing 379 00:17:46,520 --> 00:17:49,960 Speaker 1: um a company called chain Analysis that tracks the crypto space. 380 00:17:49,960 --> 00:17:52,800 Speaker 1: They claims that more than two point two billion dollars 381 00:17:53,240 --> 00:17:56,000 Speaker 1: has been stolen from folks within the crypto space via 382 00:17:56,240 --> 00:17:59,560 Speaker 1: hacking and this year alone, like not since the inception 383 00:18:00,000 --> 00:18:03,359 Speaker 1: of cryptocurrencies, but just this year. Uh. And the truth is, 384 00:18:03,480 --> 00:18:05,080 Speaker 1: you know, you not only have to watch out for 385 00:18:05,200 --> 00:18:08,879 Speaker 1: celebrity pitches, but also some of these other nefarious players 386 00:18:08,880 --> 00:18:11,080 Speaker 1: who are also after your money. Like so many folks 387 00:18:11,119 --> 00:18:13,840 Speaker 1: have been scanned by just these spoof accounts and these 388 00:18:14,040 --> 00:18:17,600 Speaker 1: fake apps that might show impressive earnings, but in reality, 389 00:18:17,760 --> 00:18:19,960 Speaker 1: your money it's long gone. And when you actually try 390 00:18:20,000 --> 00:18:22,520 Speaker 1: to cash that cash that account out because you want 391 00:18:22,560 --> 00:18:25,879 Speaker 1: to buy something tangible in the real world, that money, 392 00:18:25,880 --> 00:18:29,000 Speaker 1: those funds they never actually arrive. Uh. And you know, 393 00:18:29,000 --> 00:18:31,359 Speaker 1: we're certainly not experts in this. But not only should 394 00:18:31,359 --> 00:18:33,119 Speaker 1: you be very careful of which coins you have to 395 00:18:33,119 --> 00:18:36,520 Speaker 1: purchase and how much you're looking to invest or speculate 396 00:18:36,520 --> 00:18:38,800 Speaker 1: within the space, but it's also really important to be 397 00:18:38,840 --> 00:18:42,600 Speaker 1: incredibly suspicious. In particular if anyone who befriends you online 398 00:18:42,600 --> 00:18:44,760 Speaker 1: and says they're gonna help you out, Uh, you need 399 00:18:44,800 --> 00:18:48,280 Speaker 1: to keep a close eye on security. Again, it's still 400 00:18:48,440 --> 00:18:50,679 Speaker 1: the wild West in a lot of ways, and we 401 00:18:50,720 --> 00:18:53,520 Speaker 1: do not want you losing any of your money for sure. 402 00:18:53,560 --> 00:18:56,200 Speaker 1: All right, let's move on to the stupid survey's portion 403 00:18:56,320 --> 00:18:59,040 Speaker 1: of today's episode, and I feel like we get we 404 00:18:59,080 --> 00:19:01,240 Speaker 1: get some of our information. Are some of our stories 405 00:19:01,280 --> 00:19:04,400 Speaker 1: from surveys, which the credit cards Colm dot com thing 406 00:19:04,520 --> 00:19:07,879 Speaker 1: earlier was a survey they performed. Yeah, and but but 407 00:19:07,960 --> 00:19:09,560 Speaker 1: that one was a little more legit. But let's talk 408 00:19:09,560 --> 00:19:12,760 Speaker 1: about some stupid ones, because yeah, like, despite the proliferation 409 00:19:12,800 --> 00:19:15,240 Speaker 1: of crypto scams, I would say we're living in the 410 00:19:15,280 --> 00:19:17,320 Speaker 1: best time of year to be a sports fan. The 411 00:19:17,520 --> 00:19:20,639 Speaker 1: MLS playoffs matter about to kickoff, sadly without our Atlantic United, 412 00:19:21,240 --> 00:19:23,520 Speaker 1: But so were the MLB playoffs are they? I believe 413 00:19:23,520 --> 00:19:25,760 Speaker 1: they start tonight. In fact, not the Braves because they 414 00:19:25,800 --> 00:19:28,040 Speaker 1: get a buy they get to buy the paper is 415 00:19:28,040 --> 00:19:31,320 Speaker 1: a little bit, and hopefully we're gonna repeat his World Series. Chance, 416 00:19:31,400 --> 00:19:33,560 Speaker 1: that's the goal. College football, pro football there in the 417 00:19:33,560 --> 00:19:35,639 Speaker 1: swing of things. The NBA is in preseason, about to 418 00:19:35,680 --> 00:19:38,359 Speaker 1: launch sooner as well. So no matter which sport you'd like, 419 00:19:38,560 --> 00:19:40,720 Speaker 1: you can find something good to watch almost every night 420 00:19:41,080 --> 00:19:44,240 Speaker 1: and or weekend if you want. But I don't watch 421 00:19:44,320 --> 00:19:46,080 Speaker 1: nearly as much sports as I used to. I'll probably 422 00:19:46,119 --> 00:19:48,280 Speaker 1: watch the Braves in the playoffs, but for the most part, 423 00:19:48,400 --> 00:19:50,760 Speaker 1: I don't really watch sports these days. But I saw 424 00:19:50,800 --> 00:19:53,640 Speaker 1: a lending Tree survey the other day and it's said 425 00:19:53,720 --> 00:19:55,840 Speaker 1: that here's the survey portion. Here's the survey portion. It 426 00:19:55,880 --> 00:19:58,399 Speaker 1: said that a third of Americans are willing to go 427 00:19:58,440 --> 00:20:01,960 Speaker 1: into debt for their favorite team. And so whether that's 428 00:20:02,040 --> 00:20:05,359 Speaker 1: buying a new jersey that maybe you don't have the 429 00:20:05,359 --> 00:20:07,720 Speaker 1: money for or expensive, whether it's going to see a 430 00:20:07,720 --> 00:20:10,600 Speaker 1: live game, which is also expensive. It's only gotten more 431 00:20:10,640 --> 00:20:13,680 Speaker 1: expensive to go feed the family, like at a baseball 432 00:20:13,720 --> 00:20:15,520 Speaker 1: game or something like that. In addition to the tickets, 433 00:20:15,760 --> 00:20:17,400 Speaker 1: the hot dogs and the sodas and all that stuff, 434 00:20:17,400 --> 00:20:19,439 Speaker 1: they add up in a big way. We get the 435 00:20:19,480 --> 00:20:22,359 Speaker 1: desire to spend money in support of your club, but 436 00:20:22,400 --> 00:20:25,520 Speaker 1: we would say budget for those expenses, do not put 437 00:20:25,560 --> 00:20:27,480 Speaker 1: them on your credit card without being able to pay 438 00:20:27,520 --> 00:20:30,359 Speaker 1: them off. Sports can be fun, and live sporting events 439 00:20:30,640 --> 00:20:33,480 Speaker 1: can be a heck of a time, but yeah, it's 440 00:20:33,520 --> 00:20:35,239 Speaker 1: it's certainly not fun when you're paying it off for 441 00:20:35,440 --> 00:20:37,080 Speaker 1: months to come. You just need to make sure that 442 00:20:37,119 --> 00:20:39,520 Speaker 1: you're doing it responsibly. And I would say, I think 443 00:20:39,520 --> 00:20:41,320 Speaker 1: there might be some folks who hear you say to 444 00:20:41,400 --> 00:20:43,640 Speaker 1: budget for it, and they're gonna they're gonna balk at 445 00:20:43,680 --> 00:20:49,119 Speaker 1: that you like that. That was another But what I 446 00:20:49,160 --> 00:20:51,160 Speaker 1: would say is that, yes, you may not have known 447 00:20:51,200 --> 00:20:52,240 Speaker 1: that the Braids are going to make it to the 448 00:20:52,240 --> 00:20:55,080 Speaker 1: playoffs again, but if you know you enjoy going to 449 00:20:55,080 --> 00:20:56,840 Speaker 1: see a game or going to see a match, this 450 00:20:56,920 --> 00:20:59,560 Speaker 1: is something that you can be chipping, like socking some 451 00:20:59,600 --> 00:21:02,280 Speaker 1: money from your entertainment budget just over the course of 452 00:21:02,320 --> 00:21:05,679 Speaker 1: the year, kind of like your World Cup exactly. Like 453 00:21:05,720 --> 00:21:07,680 Speaker 1: we heard about this a couple of years ago, and 454 00:21:07,720 --> 00:21:09,640 Speaker 1: I'm like, I don't know what specific game we're gonna 455 00:21:09,640 --> 00:21:11,560 Speaker 1: go into, but I know that when the time comes 456 00:21:11,600 --> 00:21:13,520 Speaker 1: a the tickets are going to be expensive and be 457 00:21:13,760 --> 00:21:15,760 Speaker 1: no matter what I'm still probably gonna want to go 458 00:21:15,800 --> 00:21:18,280 Speaker 1: see something. And so even though I don't know the 459 00:21:18,320 --> 00:21:21,440 Speaker 1: exact dollar amount, it's something that you can begin to earmark, 460 00:21:21,720 --> 00:21:24,200 Speaker 1: at least generally speaking, when you know that there's sort 461 00:21:24,200 --> 00:21:26,920 Speaker 1: of like this sector of entertainment that you want to 462 00:21:26,920 --> 00:21:29,720 Speaker 1: to be able to participate and start earmarking these funds. Now, 463 00:21:30,400 --> 00:21:32,840 Speaker 1: all right, Joel, So we've got another stupid survey to 464 00:21:32,880 --> 00:21:35,320 Speaker 1: share with folks. We should make this a regular Currens. 465 00:21:35,320 --> 00:21:37,400 Speaker 1: I think this one comes from lending Tree as well, 466 00:21:37,800 --> 00:21:40,080 Speaker 1: which makes me think, like it seems like lending lending Tree, 467 00:21:40,119 --> 00:21:42,320 Speaker 1: they don't have anything else to do other than just 468 00:21:42,400 --> 00:21:46,440 Speaker 1: ask thousands of people all day, all day long. Maybe 469 00:21:46,480 --> 00:21:49,359 Speaker 1: we should stop doing this. Maybe we are feeding the beast. 470 00:21:50,000 --> 00:21:51,920 Speaker 1: But in this case, we're gonna talk about it, maybe 471 00:21:51,960 --> 00:21:54,719 Speaker 1: at least this one last time. Uh So the survey 472 00:21:54,800 --> 00:21:57,400 Speaker 1: it says that it turns out that one in five 473 00:21:57,480 --> 00:22:01,080 Speaker 1: folks say that they are dating last because of the 474 00:22:01,160 --> 00:22:04,600 Speaker 1: higher costs of going out due to inflation. Other folks 475 00:22:04,680 --> 00:22:08,720 Speaker 1: are downgrading their dating apps, so like basically they're settling 476 00:22:08,760 --> 00:22:12,360 Speaker 1: for the free version, going with the freemium model. I'm 477 00:22:12,359 --> 00:22:14,760 Speaker 1: not very familiar with these, I'm not sure, how big 478 00:22:14,800 --> 00:22:17,960 Speaker 1: of an impact that has on your experience? Like, do 479 00:22:17,960 --> 00:22:19,840 Speaker 1: does that mean you get paired with somebody who you're 480 00:22:19,880 --> 00:22:22,800 Speaker 1: not actually matching with if they're just like, well, if 481 00:22:22,800 --> 00:22:25,240 Speaker 1: you want the guys that you're really into, or if 482 00:22:25,280 --> 00:22:27,840 Speaker 1: you if you want the girls who actually share common interest, 483 00:22:27,880 --> 00:22:30,320 Speaker 1: you gotta pay up. You're not You're just in tier two. 484 00:22:30,359 --> 00:22:32,280 Speaker 1: You haven't made it a tier line. You don't even 485 00:22:32,359 --> 00:22:36,480 Speaker 1: know the quality of dates or potential partners that you 486 00:22:36,560 --> 00:22:39,520 Speaker 1: might be exposed to. But all that being said, we 487 00:22:39,560 --> 00:22:41,720 Speaker 1: would say that it's not that you need to to 488 00:22:41,800 --> 00:22:44,240 Speaker 1: date less. We just think that you need to date 489 00:22:44,560 --> 00:22:47,400 Speaker 1: smarter because dates don't have to cost a lot of money. 490 00:22:47,400 --> 00:22:50,000 Speaker 1: You can still go out on dates, but maybe you 491 00:22:50,040 --> 00:22:53,600 Speaker 1: aren't spending like a hundred bucks every single date. This 492 00:22:53,680 --> 00:22:56,199 Speaker 1: might sound trite, but it's the thought that counts. And so, 493 00:22:56,240 --> 00:22:58,600 Speaker 1: whether you're going out on a first date or if 494 00:22:58,640 --> 00:23:01,560 Speaker 1: you're just taking your significant or your partner out who 495 00:23:01,600 --> 00:23:03,560 Speaker 1: you've been with for decades, we want you to think 496 00:23:03,560 --> 00:23:06,840 Speaker 1: outside the box to create a fun, a memorable, enjoyable 497 00:23:06,960 --> 00:23:09,680 Speaker 1: date that's not going to break the bank. And so 498 00:23:09,840 --> 00:23:11,560 Speaker 1: if you like, maybe you do really like to go 499 00:23:11,600 --> 00:23:13,520 Speaker 1: out to restaurants. Maybe that means just going out to 500 00:23:13,560 --> 00:23:16,560 Speaker 1: breakfast instead of dinner. Uh, this time of year, the 501 00:23:16,600 --> 00:23:22,120 Speaker 1: weather is fantastic, Joel, our families. We went hiking last weekend. 502 00:23:22,880 --> 00:23:25,320 Speaker 1: That's a completely free activity. We we ended the night 503 00:23:25,359 --> 00:23:29,040 Speaker 1: sitting around a fire having an awesome conversation. Literally cost 504 00:23:29,160 --> 00:23:31,760 Speaker 1: us nothing. But these are activities that aren't specific to 505 00:23:31,800 --> 00:23:33,840 Speaker 1: just what something you do with your family. This is 506 00:23:33,880 --> 00:23:35,640 Speaker 1: stuff that you can do on a date as well. 507 00:23:35,840 --> 00:23:37,520 Speaker 1: You bring a picnic to go along with the hike, 508 00:23:38,119 --> 00:23:40,040 Speaker 1: Like the spread that you put out there. I mean 509 00:23:40,040 --> 00:23:41,520 Speaker 1: you have to go all out and got all the 510 00:23:41,680 --> 00:23:43,960 Speaker 1: and get and get the stuff for that picnic tossed 511 00:23:43,960 --> 00:23:46,440 Speaker 1: in your backpack. That looks pretty thoughtful without spending much money. 512 00:23:46,440 --> 00:23:48,439 Speaker 1: So I think you're right. I think you don't have 513 00:23:48,480 --> 00:23:51,159 Speaker 1: to forsake dating just because costs have gone up. Even 514 00:23:51,240 --> 00:23:54,600 Speaker 1: even something like apple apple picking or wimple picking is expensive, 515 00:23:54,720 --> 00:23:56,359 Speaker 1: Like is it really? It's like the most expensive way 516 00:23:56,400 --> 00:23:59,960 Speaker 1: to get a bushel of apples because you have to fail, 517 00:24:00,040 --> 00:24:02,080 Speaker 1: like you have to pay entry and then you can 518 00:24:02,240 --> 00:24:04,000 Speaker 1: like you have to like buy those bags and it's 519 00:24:04,040 --> 00:24:06,480 Speaker 1: just like, oh man, we just dropped how much it's 520 00:24:06,520 --> 00:24:09,200 Speaker 1: the memories though, it's like the whole day experience. But yeah, 521 00:24:09,280 --> 00:24:11,840 Speaker 1: if you're the put it back on yeah Apple thinking, 522 00:24:11,880 --> 00:24:13,080 Speaker 1: don't do it. Then if you're looking to the same 523 00:24:13,119 --> 00:24:15,000 Speaker 1: money in this I didn't realize. I guess I've been 524 00:24:15,000 --> 00:24:18,720 Speaker 1: apple picking up well. Well, even like fest like fall festivals, 525 00:24:18,720 --> 00:24:20,320 Speaker 1: if you want to get into that sort of fall 526 00:24:20,520 --> 00:24:23,600 Speaker 1: fall spirit, Like every single weekend there is some activity 527 00:24:24,000 --> 00:24:25,840 Speaker 1: either in the town where you live or it's you know, 528 00:24:25,880 --> 00:24:28,320 Speaker 1: somewhere near my Like I'm not talking about music festivals 529 00:24:28,400 --> 00:24:31,280 Speaker 1: or like like beer festivals, but like free festivals just 530 00:24:31,320 --> 00:24:33,480 Speaker 1: where you get to hang out, see some really cool art, 531 00:24:33,680 --> 00:24:36,120 Speaker 1: or hear some music for free. I think that's can 532 00:24:36,160 --> 00:24:38,640 Speaker 1: also be a really affordable way to enjoy a date 533 00:24:38,680 --> 00:24:41,000 Speaker 1: with somebody. Yeah, most definitely. And Matt, I'd love to 534 00:24:41,000 --> 00:24:43,480 Speaker 1: hear from our listeners to to know, like what their 535 00:24:43,880 --> 00:24:46,320 Speaker 1: favorite cheaper free data. It's been a minute since we 536 00:24:46,440 --> 00:24:48,840 Speaker 1: have been dating. I don't want to say that we 537 00:24:49,040 --> 00:24:51,440 Speaker 1: like don't date our wives. Like every single week, either 538 00:24:51,760 --> 00:24:53,880 Speaker 1: you and Emily or either Kate and I go out 539 00:24:53,920 --> 00:24:55,400 Speaker 1: on a date. So like, we definitely take our wives 540 00:24:55,440 --> 00:24:57,119 Speaker 1: out to dates, but we're also limited and when it 541 00:24:57,200 --> 00:24:58,760 Speaker 1: is that we can do that. So oftentimes we are 542 00:24:58,800 --> 00:25:01,440 Speaker 1: actually going out to restaurants. We're going with the dinner typically, 543 00:25:01,760 --> 00:25:04,399 Speaker 1: But yeah, my wife and I were heading out this 544 00:25:04,440 --> 00:25:06,600 Speaker 1: weekend and we're going to go on a bunch of hikes, 545 00:25:06,600 --> 00:25:09,040 Speaker 1: which I'm excited about. My parents are gonna watch the kids. 546 00:25:09,119 --> 00:25:10,800 Speaker 1: It's gonna be it's gonna be lovely. So yeah, we're 547 00:25:10,840 --> 00:25:12,720 Speaker 1: gonna spend a lot of free time out in nature. 548 00:25:13,040 --> 00:25:15,760 Speaker 1: But I'm curious to hear you what other people do. 549 00:25:15,840 --> 00:25:18,199 Speaker 1: But let's move on and let's talk about pay transparency, 550 00:25:18,240 --> 00:25:21,440 Speaker 1: because it's becoming more common in job listings these days. 551 00:25:21,480 --> 00:25:23,840 Speaker 1: And it's actually it's now a requirement in the state 552 00:25:23,880 --> 00:25:26,760 Speaker 1: of California, which means that we're likely to see pay 553 00:25:26,880 --> 00:25:31,360 Speaker 1: ranges posted, pay ranges becoming even more common in online 554 00:25:31,400 --> 00:25:34,160 Speaker 1: work postings in the coming months and years. And we've 555 00:25:34,200 --> 00:25:37,080 Speaker 1: talked about this before when it became state law in 556 00:25:37,119 --> 00:25:41,720 Speaker 1: Colorado and Nevada, Washington, they've implemented similar laws. Interestingly enough, 557 00:25:41,840 --> 00:25:44,680 Speaker 1: pay transparency in job listings. It's it's been on the 558 00:25:44,760 --> 00:25:48,240 Speaker 1: rise for years anyway. And I would say the best 559 00:25:48,280 --> 00:25:52,440 Speaker 1: part of less elusive pay information is is really that 560 00:25:52,520 --> 00:25:54,960 Speaker 1: job seekers are going to be applying to fewer jobs 561 00:25:55,119 --> 00:25:58,240 Speaker 1: where they might receive a low ball offer right interviewing. 562 00:25:58,240 --> 00:26:00,960 Speaker 1: It can be time consuming and it's no fun to 563 00:26:01,000 --> 00:26:02,840 Speaker 1: jump through a bunch of hoops for a job that 564 00:26:02,880 --> 00:26:05,880 Speaker 1: you think you're gonna like, when then only to find 565 00:26:05,880 --> 00:26:07,679 Speaker 1: out that I guess what the pay is going to be, 566 00:26:07,720 --> 00:26:10,400 Speaker 1: I don't know, fifteen thousand dollars less than what you thought, 567 00:26:10,560 --> 00:26:14,280 Speaker 1: or then what other similar companies are paying for comparable positions. 568 00:26:14,680 --> 00:26:17,360 Speaker 1: That's just annoying. So I mean, other than that, though, 569 00:26:17,440 --> 00:26:19,960 Speaker 1: it turns out, we have very little data about how 570 00:26:20,040 --> 00:26:25,200 Speaker 1: much increased pay transparency is going to impact higher wages overall. Hopefully, 571 00:26:25,200 --> 00:26:27,680 Speaker 1: hopefully it will, but I think it's it's probably gonna 572 00:26:27,680 --> 00:26:30,160 Speaker 1: be helpful for job applicants. But at the same time, 573 00:26:30,320 --> 00:26:32,680 Speaker 1: you've still got to advocate for yourself. You've still gotta 574 00:26:32,840 --> 00:26:36,080 Speaker 1: negotiate effectively, even when there's a range of pay offered, 575 00:26:36,160 --> 00:26:39,560 Speaker 1: So much comes down to you and how you negotiate 576 00:26:39,600 --> 00:26:42,159 Speaker 1: to get paid more. That's right, man. And so speaking 577 00:26:42,160 --> 00:26:44,040 Speaker 1: of pay, I think a lot of people wouldn't mind 578 00:26:44,040 --> 00:26:46,640 Speaker 1: if they made more money, and lots of individuals who 579 00:26:46,800 --> 00:26:49,080 Speaker 1: are looking to increase their income, they're they're opting to 580 00:26:49,160 --> 00:26:51,480 Speaker 1: launch a side hustle in order to do just that. 581 00:26:51,920 --> 00:26:54,199 Speaker 1: We've covered the pros and the cons before of the 582 00:26:54,200 --> 00:26:57,399 Speaker 1: gig economy of side hustles, but new evidence has come 583 00:26:57,440 --> 00:27:01,800 Speaker 1: to light that side hustles essentially be the superpower. A 584 00:27:01,840 --> 00:27:04,760 Speaker 1: new white paper from the professors at the University of 585 00:27:04,760 --> 00:27:08,640 Speaker 1: Oregon in Arizona and Nebraska. They found that side hustles, 586 00:27:08,960 --> 00:27:12,720 Speaker 1: while they're becoming more common, they aren't actually detracting from 587 00:27:12,720 --> 00:27:15,440 Speaker 1: the work that is getting done at your full time job, 588 00:27:15,880 --> 00:27:19,639 Speaker 1: which is something that employers have have feared. On the contrary, 589 00:27:19,880 --> 00:27:23,159 Speaker 1: they are empowering, is is basically what they're arguing, and 590 00:27:23,200 --> 00:27:26,199 Speaker 1: the research, the best line from the actual study states 591 00:27:26,240 --> 00:27:31,520 Speaker 1: that psychological empowerment from side hustles enriches full time work performance, 592 00:27:31,920 --> 00:27:34,840 Speaker 1: which is really really interesting. We're gonna have more to 593 00:27:34,880 --> 00:27:37,960 Speaker 1: say about side hustles in our upcoming newsletter on Tuesday. 594 00:27:38,000 --> 00:27:40,840 Speaker 1: That's the plan. But side hustles, depending on the route 595 00:27:40,840 --> 00:27:42,920 Speaker 1: that you can take, not only can they be energizing 596 00:27:42,920 --> 00:27:45,760 Speaker 1: in the moment, but they can also potentially lead you 597 00:27:45,800 --> 00:27:48,960 Speaker 1: down the road of working full time for yourself. The 598 00:27:48,960 --> 00:27:51,119 Speaker 1: only criticism I would have of that study is that 599 00:27:51,200 --> 00:27:54,080 Speaker 1: it was only over the course of ten days, which 600 00:27:54,119 --> 00:27:56,880 Speaker 1: makes me think we've all been up against the deadline 601 00:27:57,000 --> 00:27:59,840 Speaker 1: or worked on a project where we're basically working at 602 00:27:59,840 --> 00:28:02,560 Speaker 1: a level that we know not that we can't necessarily sustain. 603 00:28:02,840 --> 00:28:05,840 Speaker 1: And so while those results are encouraging, I think a 604 00:28:05,920 --> 00:28:08,160 Speaker 1: better question for us to ask is, is that what 605 00:28:08,400 --> 00:28:10,479 Speaker 1: I want to pursue right now in my life? Right? 606 00:28:10,520 --> 00:28:12,480 Speaker 1: Because we like we talk all the time about trying 607 00:28:12,520 --> 00:28:15,960 Speaker 1: to strike that balance. And yes, by pursuing this high 608 00:28:16,040 --> 00:28:18,399 Speaker 1: side hustle, it makes you more productive at work, But 609 00:28:18,400 --> 00:28:20,440 Speaker 1: what about all the other areas in your life that 610 00:28:20,560 --> 00:28:23,240 Speaker 1: might be suffering slightly? Right? And so, like I was 611 00:28:23,240 --> 00:28:25,159 Speaker 1: talking about working for like a short period of time 612 00:28:25,200 --> 00:28:27,000 Speaker 1: when you know that you've got like a deadline or something, 613 00:28:27,200 --> 00:28:29,439 Speaker 1: oftentimes there are other areas in our life that suffered 614 00:28:29,440 --> 00:28:31,960 Speaker 1: because of that, right, Like maybe you're not eating like 615 00:28:32,280 --> 00:28:34,119 Speaker 1: you should be, or maybe you're not exercising like you 616 00:28:34,160 --> 00:28:36,760 Speaker 1: should you should be, Uh, like you're maybe your sleep suffers, 617 00:28:36,800 --> 00:28:39,160 Speaker 1: you take an hour or two off your normal sleep exactly, 618 00:28:39,160 --> 00:28:41,760 Speaker 1: you're getting sick more often, or you're not you're not 619 00:28:41,800 --> 00:28:44,400 Speaker 1: hanging out with your friends, the meaningful relationships in your life. 620 00:28:44,640 --> 00:28:46,440 Speaker 1: And so I think what's important to keep in mind 621 00:28:46,480 --> 00:28:49,080 Speaker 1: are some of those other aspects, of those other sectors 622 00:28:49,120 --> 00:28:51,600 Speaker 1: of our lives. They can often get pushed off to 623 00:28:51,640 --> 00:28:53,880 Speaker 1: the sides. And again we talk about this on the 624 00:28:53,880 --> 00:28:55,880 Speaker 1: show as a good thing because a lot of times 625 00:28:55,880 --> 00:28:57,920 Speaker 1: folks are looking to make more money. They're trying to 626 00:28:57,920 --> 00:29:00,480 Speaker 1: get ahead with the money and the financial goals in 627 00:29:00,480 --> 00:29:03,360 Speaker 1: their life. But we also want folks out there to 628 00:29:03,400 --> 00:29:06,480 Speaker 1: kind of strike that balance. We want you to achieve 629 00:29:06,520 --> 00:29:08,440 Speaker 1: whatever goals we want you to that that you're that 630 00:29:08,480 --> 00:29:11,200 Speaker 1: you're chasing after. We want you to achieve financial freedom, 631 00:29:11,240 --> 00:29:13,680 Speaker 1: but don't forget to live life along the way. Don't 632 00:29:13,680 --> 00:29:16,200 Speaker 1: forget all the other aspects of life that that make 633 00:29:16,320 --> 00:29:18,880 Speaker 1: life worth living. Right, it's not just about work. I 634 00:29:18,920 --> 00:29:21,440 Speaker 1: will say, I think it makes sense too that some 635 00:29:21,480 --> 00:29:23,800 Speaker 1: of the folks in this survey that maybe the if 636 00:29:23,800 --> 00:29:25,680 Speaker 1: they're if you're go getter enough to start your own 637 00:29:25,680 --> 00:29:28,320 Speaker 1: side hustle, if you're excited about launching your own thing, 638 00:29:28,320 --> 00:29:31,560 Speaker 1: about maybe becoming an entrepreneur, then it makes sense to 639 00:29:31,600 --> 00:29:34,320 Speaker 1: me that you are enthusiastic about your day job too. 640 00:29:34,320 --> 00:29:36,840 Speaker 1: Maybe you're you're just but you might be going too hard. 641 00:29:37,000 --> 00:29:38,640 Speaker 1: You might be that's the reality. I think that's what 642 00:29:38,640 --> 00:29:40,560 Speaker 1: you're pointing to, and I think that's true. I think 643 00:29:40,600 --> 00:29:42,000 Speaker 1: it's I think it can be a good thing. What 644 00:29:42,040 --> 00:29:44,200 Speaker 1: we've talked about is you don't want to You're gonna 645 00:29:44,240 --> 00:29:46,360 Speaker 1: have to trade time for money at least for a 646 00:29:46,400 --> 00:29:48,760 Speaker 1: period of time as you're launching something new, but you 647 00:29:48,760 --> 00:29:51,200 Speaker 1: don't want that to be in perpetuity. At some point, 648 00:29:51,320 --> 00:29:53,000 Speaker 1: at some point you want to be ramping this up, 649 00:29:53,080 --> 00:29:55,920 Speaker 1: typically so that it can become like your your full 650 00:29:55,920 --> 00:29:58,280 Speaker 1: time thing, so that you're not burning the candle at 651 00:29:58,320 --> 00:30:00,880 Speaker 1: both ends for years on end exactly. Yeah, It's it's 652 00:30:00,880 --> 00:30:02,880 Speaker 1: almost like this feedback loop, right, Like you start getting 653 00:30:02,880 --> 00:30:05,440 Speaker 1: good at your side hustle and you just realize that, man, 654 00:30:05,520 --> 00:30:07,800 Speaker 1: you are you're just really good at working. I'm really 655 00:30:07,800 --> 00:30:10,560 Speaker 1: good at making money, and are you really good at 656 00:30:10,600 --> 00:30:12,760 Speaker 1: the other areas of life that at the end of 657 00:30:12,760 --> 00:30:15,160 Speaker 1: your life you're gonna look back on and say, do 658 00:30:15,160 --> 00:30:16,760 Speaker 1: do I have any regrets? Like? What could I have 659 00:30:16,800 --> 00:30:19,000 Speaker 1: done differently? Those are the kind of things we want 660 00:30:19,040 --> 00:30:22,280 Speaker 1: you thinking about now, not forty years down the line, 661 00:30:22,320 --> 00:30:25,840 Speaker 1: the stuff that makes you balanced exactly for sure. All right, well, 662 00:30:26,000 --> 00:30:28,560 Speaker 1: let's let's wrap it up on that note. Matt. That's 663 00:30:28,560 --> 00:30:31,200 Speaker 1: gonna do it for for this episode. We will have 664 00:30:31,400 --> 00:30:33,600 Speaker 1: the show notes for this episode up on our website 665 00:30:33,640 --> 00:30:35,800 Speaker 1: at how to money dot com. And remember, we will 666 00:30:35,840 --> 00:30:39,800 Speaker 1: have more in our upcoming newsletter about side hustles. We've 667 00:30:39,800 --> 00:30:42,080 Speaker 1: got some, I think, some additional thoughts that we want 668 00:30:42,080 --> 00:30:44,200 Speaker 1: to share with you guys on Tuesday. You can sign 669 00:30:44,320 --> 00:30:46,760 Speaker 1: up for that at how the money dot com slash newsletter. 670 00:30:46,800 --> 00:30:49,080 Speaker 1: It's free, you'll get it every Tuesday morning in your inbox, 671 00:30:49,240 --> 00:30:51,960 Speaker 1: and hopefully it's informative and encouraging. That's the goal, you 672 00:30:52,000 --> 00:30:53,480 Speaker 1: know what. All right, man, that's gonna be it for 673 00:30:53,480 --> 00:30:57,280 Speaker 1: this episode. Until next time, Best Friends Out, Best Friends Out. 674 00:31:05,560 --> 00:31:05,600 Speaker 1: M