WEBVTT - Friday Flight - Idiotic Surveys, Side Hustle Superpowers, & Underutilized HSAs #576 0:00:00.080 --> 0:00:02.840 Welcome to How the Money. I'm Joel and Matt and 0:00:02.880 --> 0:00:07.840 today we're discussing idiotic surveys, side hustle, superpowers, and underutilized 0:00:08.039 --> 0:00:29.440 h S A S. That's right, buddy. This is our 0:00:29.680 --> 0:00:32.440 Friday Flights where we are going to dive into the 0:00:32.680 --> 0:00:34.960 our favorite headlines we've come across. These are the stories 0:00:35.000 --> 0:00:36.720 that we think you should be paying attention to you 0:00:36.760 --> 0:00:39.800 because they're gonna be the most relevant to your money. Uh, 0:00:39.800 --> 0:00:41.360 and we want these to be. This is like an 0:00:41.360 --> 0:00:44.960 empowering All of our episodes are empowering episodes, but specifically, 0:00:45.040 --> 0:00:47.199 these are the stories they're gonna launch you into the 0:00:47.240 --> 0:00:51.040 weekend knowing what is up. Elon must buying Twitter doesn't 0:00:51.040 --> 0:00:53.200 have much relevance to any of our lives, but there's 0:00:53.200 --> 0:00:55.160 a bunch of stuff that did happen this week that 0:00:55.280 --> 0:00:57.800 does have an impact on how you're gonna handle your 0:00:57.800 --> 0:01:00.840 personal finances and what steps you take to improve them. 0:01:00.840 --> 0:01:03.200 And that's what we're gonna discuss tonight. Yeah, yeah, we're 0:01:03.200 --> 0:01:05.759 not gonna be talking about Elon. No, I don't really care. 0:01:05.800 --> 0:01:08.040 Maybe next time. And you know, he just got poor, 0:01:08.160 --> 0:01:11.200 but that's fine, Uh, that's true. He can afford it. 0:01:11.240 --> 0:01:13.800 But Matt, before we get to our our favorite stories 0:01:13.840 --> 0:01:16.400 this week, carry in our Facebook group. By the way, 0:01:16.440 --> 0:01:18.480 if you're not part of the how to Money Facebook group, 0:01:18.520 --> 0:01:21.120 you should totally join. There's almost ten thousand people in 0:01:21.160 --> 0:01:23.399 there helping each other out, and I'm telling you it's 0:01:23.400 --> 0:01:28.600 a good vibe. Everybody is super friendly, inquisitive, and they've 0:01:28.640 --> 0:01:31.720 got good information to share and Carry shared something this 0:01:31.760 --> 0:01:33.920 week and I don't know, I feel like maybe we 0:01:33.920 --> 0:01:36.120 talked about it years ago, but this was at the 0:01:36.200 --> 0:01:38.920 least put back on my radar. It's the too good 0:01:38.920 --> 0:01:40.479 to Go app? Have you heard of that one? So 0:01:40.600 --> 0:01:42.680 I think we talked about maybe a different one maybe, 0:01:43.360 --> 0:01:45.840 or maybe it was a website, but I have not 0:01:45.959 --> 0:01:49.280 seen one that was this slick yeah app because this 0:01:49.320 --> 0:01:51.320 is cool yeah yeah. So essentially the way it works, 0:01:51.320 --> 0:01:55.080 this is an app where different restaurants and grocery grocery 0:01:55.080 --> 0:01:58.120 stores that are out there, they basically allow you to 0:01:58.120 --> 0:02:00.680 purchase items that they're gonna throw away that's going to 0:02:00.720 --> 0:02:03.640 go in the trash, uh, and you get to buy 0:02:03.680 --> 0:02:06.240 those items at a discount. Yeah. Carrie posted her meal, 0:02:06.320 --> 0:02:09.400 like a picture of her meal and it looked delicious, 0:02:09.400 --> 0:02:11.600 Like I think this special purple drink. I don't know 0:02:11.639 --> 0:02:13.440 what it was. It wasn't like a soda, was some 0:02:13.520 --> 0:02:15.760 sort of smoothie or something like that. And I was like, man, 0:02:16.040 --> 0:02:18.480 like delicious and it was like a Mexican, like a 0:02:18.520 --> 0:02:22.799 delicious Mexican um plate of fair And she said she 0:02:22.880 --> 0:02:26.400 got everything in that picture grub for for less than 0:02:26.400 --> 0:02:28.240 five bucks, and I was like, that's that's really good. 0:02:28.720 --> 0:02:30.360 So this is the kind of thing I looked. I 0:02:30.400 --> 0:02:32.560 downloaded the app to check and see if we have 0:02:32.600 --> 0:02:37.760 any restaurants that participate in the Atlanta area. Unfortunately, yeah, 0:02:38.080 --> 0:02:39.760 but if you're in a major city. I saw other 0:02:39.760 --> 0:02:42.600 people replying the two carry's post to hand like, oh yeah, 0:02:42.600 --> 0:02:45.880 I've used it where I am and saw that in 0:02:46.040 --> 0:02:49.440 l A Portland, like Chicago. There's a lot of cities 0:02:49.440 --> 0:02:52.760 where they are. Unfortunately not here in Atlanta yet. But 0:02:53.000 --> 0:02:55.519 this is solving a massive problem, right, Like one third 0:02:55.560 --> 0:02:58.000 of all food goes to waste. And if there's anything 0:02:58.080 --> 0:03:00.720 I hate seeing more than folks wasting their money, it's 0:03:00.840 --> 0:03:03.519 seeing food go to waste, which is one in the same. 0:03:03.720 --> 0:03:06.040 I guess, yeah, they're almost the exact time, wasting food 0:03:06.040 --> 0:03:08.560 wasting money. But it's a win win situation, right, restaurants 0:03:08.600 --> 0:03:11.560 and and again grocery stores, they're able to unload this stuff. 0:03:11.600 --> 0:03:14.920 They make uh somewhat ever profit. I mean obviously maybe 0:03:14.960 --> 0:03:17.480 some break even if it goes in the trash, they're 0:03:17.520 --> 0:03:21.359 not making anything. But yeah, oftentimes they're they're they're like 0:03:21.400 --> 0:03:23.400 these surprise bags, like you don't know what it is 0:03:23.440 --> 0:03:25.200 that you're going to get. You just have to show 0:03:25.280 --> 0:03:27.800 up at the right time, because I'm assuming it's like 0:03:28.880 --> 0:03:31.799 they list the times like minutes before they close, you 0:03:31.880 --> 0:03:34.360 show up, you pay something like I mean, I checked 0:03:34.360 --> 0:03:36.840 out a bunch and there it's like four bucks for 0:03:36.960 --> 0:03:39.400 this bag of food, like you said, And it's almost 0:03:39.480 --> 0:03:40.640 kind of I think I see it as a fun 0:03:40.720 --> 0:03:45.120 way to expose yourself to different ingredients or different meals, 0:03:45.320 --> 0:03:49.000 like different fair that maybe you would not have chosen 0:03:49.560 --> 0:03:51.480 had you had the choice, But because it's sort of 0:03:51.480 --> 0:03:55.440 this mystery flavor, uh, I see that as fun and adventurous. Yeah. Well, 0:03:55.480 --> 0:03:58.320 and especially when a grubhub delivered to you your address 0:03:58.400 --> 0:04:00.480 is gonna cost you twenty two dollars or something like that, 0:04:00.600 --> 0:04:02.240 and this is gonna cost you four grained You're gonna 0:04:02.240 --> 0:04:04.360 have to go pick it up. But it's It's like, hey, 0:04:04.400 --> 0:04:05.920 if you you want to eat out, what you want 0:04:05.920 --> 0:04:08.880 to do it for less money? They're charging you like 0:04:08.880 --> 0:04:12.320 four dollars just in fees, like oh minimum minimum a 0:04:12.400 --> 0:04:14.720 counting the delivery feed like and then it hip on 0:04:14.760 --> 0:04:16.560 top that you gotta give. I mean, this is one 0:04:16.560 --> 0:04:18.640 of those ways to be able to have the ability 0:04:18.680 --> 0:04:20.400 to eat out a little bit more, but to do 0:04:20.440 --> 0:04:21.599 it in a way that cost you way less money 0:04:21.680 --> 0:04:24.880 is actually saving food from going in the carbage. I 0:04:24.920 --> 0:04:27.000 love it. I'm a huge fan of this ap all right. Yeah, 0:04:27.040 --> 0:04:29.160 And and by the way, I love I always love 0:04:29.400 --> 0:04:31.640 seeing tips posts in the Facebook group. I I look 0:04:31.680 --> 0:04:33.200 in there and comment in there from time to time. 0:04:33.240 --> 0:04:35.479 So it's it's fun to see how how the money 0:04:35.520 --> 0:04:37.720 listeners are saving money. We'll put a link by the 0:04:37.760 --> 0:04:39.840 way for to our Facebook group in the show notes 0:04:39.880 --> 0:04:43.000 for this episode. The Happiest place on the Internet. It 0:04:43.120 --> 0:04:46.120 is one of them, isn't it. It feels like that, Yeah, 0:04:45.880 --> 0:04:48.560 that's what that's on your slogan. Usually people are massively 0:04:48.600 --> 0:04:51.200 unkind on the internet, but not in there. All right, 0:04:51.240 --> 0:04:53.440 let's let's move on, Matt though. Let's get to the 0:04:53.839 --> 0:04:56.520 topic in hand. We're talking our Friday flight a sampling 0:04:56.560 --> 0:04:59.240 of stories we found interesting this week, and let's start 0:04:59.279 --> 0:05:02.880 off by talking about h s as health savings accounts 0:05:02.920 --> 0:05:05.719 and uh, kind of boring sometimes a lot of people, 0:05:05.880 --> 0:05:08.440 it's it's not it's not super sexy. But there was 0:05:08.480 --> 0:05:10.560 a great article this week in the Wall Street Journal 0:05:10.560 --> 0:05:13.279 about h s A s and we've talked about kind 0:05:13.279 --> 0:05:15.479 of how good hs as can be, how they're one 0:05:15.520 --> 0:05:18.720 of the most tax advantaged accounts in existence, and I'm 0:05:18.720 --> 0:05:21.240 glad to see them getting a little more publicity because 0:05:21.640 --> 0:05:24.719 we've always said that, but there's just not much ink 0:05:24.880 --> 0:05:27.480 dedicated to how great they are, so most people still 0:05:27.520 --> 0:05:29.240 don't know. Yeah, big media, they need to talk about 0:05:29.320 --> 0:05:31.440 h s A is more. There's only so many episodes 0:05:31.480 --> 0:05:35.719 that we can dedicate IS before you're gonna unsubscribe exactly. 0:05:35.720 --> 0:05:37.680 But it truly is something that needs to be talked 0:05:37.680 --> 0:05:40.599 about more. And and the thing that struck accord with 0:05:40.640 --> 0:05:44.200 me reading this article this week was seeing stats about 0:05:44.360 --> 0:05:48.600 how many HSA dollars there are overall, it's grown quite 0:05:48.600 --> 0:05:51.240 a bit, but how many h s A dollars are 0:05:51.360 --> 0:05:55.320 not being invested, And that to me was the biggest travesty. 0:05:55.400 --> 0:05:57.440 So I was glad to see, there's now more than 0:05:57.480 --> 0:06:00.839 a hundred and five billion dollars tucked away inside of 0:06:00.960 --> 0:06:05.160 hs as, these brilliant tax advantaged accounts, but but only 0:06:05.240 --> 0:06:08.640 thirty four billion of those dollars is being invested. The 0:06:08.760 --> 0:06:11.760 rest is sitting on sidelines. It's sort of cash equivalent. 0:06:11.839 --> 0:06:13.920 So people are stocking money away in there, but then 0:06:14.160 --> 0:06:17.039 they're not utilizing the resources that they have to its 0:06:17.080 --> 0:06:19.520 fullest potential. That's that's not good. And I think part 0:06:19.520 --> 0:06:21.080 of it is because, like you and I have said, 0:06:21.160 --> 0:06:24.560 hs as have a branding problem. They're called health savings accounts, 0:06:24.560 --> 0:06:26.960 and so people assume that any money they stick in 0:06:26.960 --> 0:06:31.560 there should be used two save for current your health 0:06:31.560 --> 0:06:34.560 care expenses. But we would say, no, that's actually wrong. 0:06:34.600 --> 0:06:36.760 And I wish we could just rename the account overall 0:06:36.800 --> 0:06:39.600 to help people understand this. But the account works best 0:06:39.680 --> 0:06:42.200 is a long term investment account. And so if you 0:06:42.279 --> 0:06:44.400 want the full scoop on how great h s A 0:06:44.560 --> 0:06:47.480 s are and can be. By the way, it's we're 0:06:47.480 --> 0:06:50.000 getting to this point open enrollment and more and more 0:06:50.000 --> 0:06:52.000 people have access to an h s A. This is 0:06:52.040 --> 0:06:54.360 the time to be thinking about it. Check out our 0:06:54.400 --> 0:06:57.039 episode episode one of five, where we kind of dug deep, 0:06:57.080 --> 0:06:59.200 and we we gave the full scoop on hs A s. 0:06:59.520 --> 0:07:01.880 But yeah, let's say you already have one, but you're 0:07:01.920 --> 0:07:04.680 only saving money inside of it. You're not investing that money. 0:07:04.760 --> 0:07:06.880 We want to tell you to go look again and 0:07:06.880 --> 0:07:09.279 start investing those dollars instead of just saving them. And 0:07:09.279 --> 0:07:10.960 then if you don't have an hs A, it's a 0:07:10.960 --> 0:07:13.040 great time to to think about signing up for one. 0:07:13.120 --> 0:07:15.720 That's right. I think in episodes past, anytime we've talked 0:07:15.720 --> 0:07:17.960 about the hs A, we've likened it to like a 0:07:18.080 --> 0:07:20.240 tesla that you're just using to run the kids up 0:07:20.280 --> 0:07:23.320 to the neighborhood pool. It's like you're not taking advantage 0:07:23.480 --> 0:07:26.240 of the full potential of this actual vehicle. Instead of 0:07:26.240 --> 0:07:28.640 a hs A, it should be an h I, a 0:07:28.760 --> 0:07:31.840 health investing account. You should be drag racing that tesla, clearly, 0:07:32.640 --> 0:07:35.440 but that thing in ludacrous mode. But yeah, the truth 0:07:35.560 --> 0:07:38.080 is hs as can be an incredibly powerful tool in 0:07:38.160 --> 0:07:40.600 helping you to build wealth for the future. And they 0:07:40.600 --> 0:07:43.480 are literally the only account we know of that won't 0:07:43.480 --> 0:07:46.920 be taxed in any way, any form or fashion if 0:07:47.120 --> 0:07:50.320 used correctly. But luckily, stats show that over half of 0:07:50.360 --> 0:07:54.280 workers who receive healthcare from their employers are in a 0:07:54.400 --> 0:07:58.960 high deductible health plan. And this is actually good news 0:07:59.040 --> 0:08:01.400 because like on the downside, it means that you've you know, 0:08:01.400 --> 0:08:03.800 you've got to be better at self ensuring for healthcare 0:08:03.840 --> 0:08:06.320 costs that come up. A lot of times folks aren't 0:08:06.360 --> 0:08:08.640 used to doing that. But what that means the bright 0:08:08.680 --> 0:08:11.560 side is that this gives you access to an h 0:08:11.760 --> 0:08:15.320 s A, which can be again just this incredibly powerful tool, 0:08:15.640 --> 0:08:19.920 not for your healthcare costs now, but for actual retirement. 0:08:19.960 --> 0:08:21.680 And by the way morning started, they just ranked their 0:08:21.720 --> 0:08:25.000 top hs A providers Fidelity and Lively. There are a 0:08:25.080 --> 0:08:27.120 couple of our favorites. We're happy to see that they 0:08:27.160 --> 0:08:28.920 are still at the top of the list. They are 0:08:28.960 --> 0:08:31.360 treating folks the best, which which often means that they 0:08:31.400 --> 0:08:33.400 are charging you the least and providing you with the 0:08:33.600 --> 0:08:36.520 best options when it comes to actually investing that money. 0:08:36.520 --> 0:08:38.880 And so if you are looking to open an hs 0:08:38.920 --> 0:08:41.760 A because you do have a high deductible healthcare plan, 0:08:42.080 --> 0:08:44.240 be sure to check out Fidelity or Lively. That's right, 0:08:44.320 --> 0:08:46.319 all right, let's let's give maybe a couple of money 0:08:46.320 --> 0:08:49.360 saving shopping updates. Matt. We talked for a second about 0:08:49.559 --> 0:08:53.080 shopping last week, and and Goodwill is getting with the times, 0:08:53.400 --> 0:08:55.439 is now selling stuff online. I thought that was that 0:08:55.520 --> 0:08:57.840 was kind of cool to see. They technically already had 0:08:57.840 --> 0:09:00.160 a site that we've talked about before that you have 0:09:00.240 --> 0:09:02.920 shopped that what shop Goodwill dot com I think is 0:09:02.960 --> 0:09:04.839 what it was called, right, yep. Yeah, it used to 0:09:04.880 --> 0:09:07.960 be really like just a really terrible site. They have 0:09:08.160 --> 0:09:10.560 up updated it over the years and it's actually not 0:09:10.679 --> 0:09:12.800 terrible these days, but it's still a little bit backwards. 0:09:13.200 --> 0:09:15.200 It still feels kind of dated when you go in 0:09:15.240 --> 0:09:17.720 there and you're trying to that was more auction style, 0:09:17.800 --> 0:09:20.640 kind of like he Bay Is that correct? Exactly exactly? Okay, well, 0:09:20.679 --> 0:09:22.880 well now you have a chance at getting a better 0:09:22.920 --> 0:09:25.280 deal without having to go through the auction hoops. There's 0:09:25.320 --> 0:09:28.280 an like an actual online store the Goodwill has set 0:09:28.360 --> 0:09:31.480 up where there's where their prices as opposed to go ahead, 0:09:31.520 --> 0:09:34.120 put them off for it, on it, we'll see what happened. Yeah, 0:09:34.320 --> 0:09:37.560 So this one is called good Will Finds dot com 0:09:37.640 --> 0:09:39.480 and it's it's kind of an attempt to mimic sites 0:09:39.520 --> 0:09:42.120 like thread up in posh Mark where they're appealing to 0:09:42.120 --> 0:09:45.160 folks who want nicer name brand goods, but they don't 0:09:45.200 --> 0:09:47.280 mind buying amused so they can get a discount of price. 0:09:47.679 --> 0:09:50.480 And yeah, have the fun to me of Goodwill is 0:09:50.760 --> 0:09:52.880 perusing the racks in person. But I don't know, I 0:09:52.920 --> 0:09:55.959 can I could see myself getting into shopping for used 0:09:56.000 --> 0:09:57.760 goods on this good Will site. To what do you 0:09:57.800 --> 0:10:00.000 think that you're gonna You're gonna check it out? Definitely 0:10:00.000 --> 0:10:01.320 they will add it to the list if I'm looking 0:10:01.360 --> 0:10:03.200 for something, because there there's some items that it just 0:10:03.240 --> 0:10:06.280 doesn't matter if their their second hand um, and so yeah, 0:10:06.360 --> 0:10:11.840 make sure that you add not only business there nasty uh. 0:10:11.960 --> 0:10:14.920 Goodwill finds dot com and shop Goodwill are both great 0:10:14.920 --> 0:10:17.679 sites to check out. So on another related note, are 0:10:17.679 --> 0:10:20.840 e I uh, they have announced that they're no longer 0:10:20.840 --> 0:10:25.000 going to participate in Black Friday. Like ever, like, we're 0:10:25.000 --> 0:10:27.080 glad to see that the Black Friday area it seems 0:10:27.080 --> 0:10:29.800 to be mostly over, you know, like where folks are 0:10:29.800 --> 0:10:31.880 waking up at the butt crack of dawn the day 0:10:31.920 --> 0:10:35.080 after Thanksgiving or actually even leaving dinner with a family 0:10:35.080 --> 0:10:37.800 early to go by massively discount of goods. I remember 0:10:37.800 --> 0:10:40.040 one of my aunts and my grandma doing that one year, 0:10:40.120 --> 0:10:42.480 after Thanksgiving dinner was over, they're like, all right, we're 0:10:42.480 --> 0:10:44.480 gonna head out to go to the Black Friday shopping. 0:10:44.520 --> 0:10:47.960 It's been back in the nineties TV now and so, 0:10:48.000 --> 0:10:51.079 as we discussed a little bit last week, the sale 0:10:51.200 --> 0:10:54.320 and the deal window, it's being extended. It's it's starting earlier, 0:10:54.679 --> 0:10:56.400 which is going to make it easier for folks to 0:10:56.440 --> 0:10:59.560 save money on holiday gifts and to just spread out 0:10:59.600 --> 0:11:02.000 their purchase is over time instead of just making this 0:11:02.040 --> 0:11:05.560 one crazy mad dash on a specific weekend. Um. But 0:11:05.640 --> 0:11:07.600 we wanted to share this because this is just another 0:11:07.800 --> 0:11:09.920 reason to love ari E. I like they were doing this. 0:11:10.280 --> 0:11:13.120 This isn't because they're realizing that, oh you know, if 0:11:13.200 --> 0:11:14.920 not not many folks are really showing up at these 0:11:14.920 --> 0:11:18.080 sales anymore. That they started doing this back in and 0:11:18.320 --> 0:11:20.000 this year just announced that it's going to be a 0:11:20.000 --> 0:11:22.800 permanent change. They were doing it before it was cool. 0:11:23.400 --> 0:11:26.959 But again their hashtag opt outside movement exactly, which is 0:11:27.000 --> 0:11:31.040 just awesome. They're thinking, where should our employees be Friday 0:11:31.120 --> 0:11:33.840 after Thanksgiving? Should there be indoors dealing with the throngs 0:11:33.880 --> 0:11:35.680 of people who are trying to get a sale, or 0:11:35.800 --> 0:11:37.800 maybe yeah, they should be outside the day after thanks 0:11:37.840 --> 0:11:39.480 give me what a great time to get out and 0:11:39.480 --> 0:11:42.320 move your body around them after you've eaten all that food. 0:11:42.760 --> 0:11:45.000 But again, keep in mind that you know, deals on 0:11:45.040 --> 0:11:47.720 stuff that you're already planning to buy are great, but 0:11:47.760 --> 0:11:50.640 deals and stuff that you haven't even budgeted for are bad. 0:11:50.960 --> 0:11:53.520 We want you to shop judiciously. Keep that in mind 0:11:53.559 --> 0:11:56.120 before you hit purchase on any item, whether you're doing 0:11:56.120 --> 0:11:58.719 it at ari I or at shop Goodwill or good 0:11:58.760 --> 0:12:01.240 Will find dot Com. Into that time of year where 0:12:01.280 --> 0:12:05.160 everybody wants a piece of your of your money they spending, 0:12:05.200 --> 0:12:06.400 They want you to use your credit card, and they 0:12:06.400 --> 0:12:08.480 want you to swipe it because this is the time 0:12:08.520 --> 0:12:11.840 of year where retailers make their money. And just because 0:12:11.880 --> 0:12:14.560 it's on sale doesn't mean that we should be buying it. 0:12:14.600 --> 0:12:16.880 And one of the reasons, Matt, that you need to 0:12:16.880 --> 0:12:20.200 be a smart shopper right now is because debt seems 0:12:20.200 --> 0:12:23.160 to be on the comeback trail. Savings rates for Americans 0:12:23.160 --> 0:12:25.480 are down. They spiked there for a bit kind of 0:12:25.600 --> 0:12:28.080 during the pandemic during the early days, but now they're 0:12:28.160 --> 0:12:30.760 right back down to around five percent, which is low, 0:12:30.840 --> 0:12:33.800 Like five percent of your income is it's not enough 0:12:34.120 --> 0:12:37.000 and long term credit card debt has always been a 0:12:37.040 --> 0:12:39.360 real problem, but it seems to be getting worse too. 0:12:39.480 --> 0:12:43.440 According to credit cards dot Com, some six of credit 0:12:43.440 --> 0:12:46.760 card debt ors owe money to the main player's Visa 0:12:46.760 --> 0:12:49.880 master Card, American Express, and they have owed money to 0:12:49.960 --> 0:12:53.079 the credit card companies for at least a year, often 0:12:53.400 --> 0:12:56.800 because they're putting emergency expenses on a credit card without 0:12:57.160 --> 0:12:58.880 any way to pay it off. And you and I 0:12:58.920 --> 0:13:01.079 we talked about credit cards lot. We had Brian Kelly, 0:13:01.080 --> 0:13:03.720 the points guy, on recently to talk about getting getting 0:13:03.760 --> 0:13:06.080 points for signing up for cards and when you're paying 0:13:06.080 --> 0:13:09.000 for them using points wisely. But what Brian said is 0:13:09.040 --> 0:13:11.600 exactly what we've always said about credit cards too. You're 0:13:11.640 --> 0:13:14.280 losing the game if you're not paying your bill on 0:13:14.400 --> 0:13:16.840 time and in full every single month. We are fans 0:13:16.920 --> 0:13:19.800 of using credit cards wisely, but surveys like this make 0:13:19.880 --> 0:13:22.120 us want to like extend that word of caution again. 0:13:22.160 --> 0:13:24.400 I feel like every time we talked about credit cards, 0:13:24.600 --> 0:13:27.160 we have to tell the whole truth that the sign 0:13:27.240 --> 0:13:29.920 up bonuses and the rewards can be great if you 0:13:30.000 --> 0:13:33.840 are a disciplined user of credit cards, because the rewards 0:13:33.880 --> 0:13:36.040 pale in comparison to the interest you're gonna be paying, 0:13:36.120 --> 0:13:38.880 especially as like we talked about recently, credit card interest 0:13:38.960 --> 0:13:41.600 rates continue to climb. That is one of the side effects. 0:13:41.600 --> 0:13:43.480 So talked about this on Wednesday fed fed right high. 0:13:43.520 --> 0:13:46.440 So we talked about on Wednesday exactly. And so this 0:13:46.559 --> 0:13:48.080 is the time of year. I think it gets people 0:13:48.080 --> 0:13:50.000 in trouble when it comes to debt, when it comes 0:13:50.040 --> 0:13:52.800 to credit card usage and getting in over their heads. 0:13:53.120 --> 0:13:55.400 And I think we're going to see people, especially with 0:13:55.440 --> 0:13:57.920 inflation taking up, it's going to be even more fraud 0:13:57.960 --> 0:14:00.000 this year. So you gotta pay even more close attention 0:14:00.040 --> 0:14:02.559 until you're spending right now is definitely we're gonna take 0:14:02.559 --> 0:14:04.280 a quick break, but after that we're going to talk 0:14:04.320 --> 0:14:06.880 about maybe some different ways that you can earn more. 0:14:07.000 --> 0:14:10.960 This is possibly the pay transparency or even through some 0:14:11.000 --> 0:14:13.480 side hustles. We'll get to that plus several other stories 0:14:13.640 --> 0:14:29.720 right after this Friday continues. It'll never die until we die, um, 0:14:29.720 --> 0:14:33.280 but yeah, for for it's the Frankenstein of how the money. 0:14:33.720 --> 0:14:35.920 It's something like that, like it continues, yeah or no. 0:14:36.000 --> 0:14:37.480 It's like a zombie but you can never kill it 0:14:37.520 --> 0:14:39.520 kind of gets like a Frankenstein though it's like pieced together. 0:14:39.880 --> 0:14:42.600 It's it's like this hodgepodge of bits and you know, 0:14:42.680 --> 0:14:44.240 you can you feel it. A bunch of different stories 0:14:44.240 --> 0:14:47.200 were totally getting into the Halloween spirit spooky season. Have 0:14:47.240 --> 0:14:50.240 you decorated your house yet? Have you? Yeah? I mean 0:14:50.280 --> 0:14:52.880 we haven't done like a ton, but we're totally behind. 0:14:52.920 --> 0:14:54.960 Maybe we're okay. Now we're talking about we want to 0:14:55.320 --> 0:14:57.560 look up when one of those stores, the Spirit Halloween 0:14:57.600 --> 0:15:00.000 stores or whatever, just to take the kids there, um 0:15:00.560 --> 0:15:02.320 for them to see all this stuff, because I've got 0:15:02.320 --> 0:15:03.880 all that stuff and I just remember going into those 0:15:03.880 --> 0:15:06.360 stores as a kid myself and it was just a 0:15:06.360 --> 0:15:08.760 ton of fun. Yeah, it's just impressive to to walk around, 0:15:08.800 --> 0:15:10.520 even if you don't buy anything, and it's a good 0:15:10.520 --> 0:15:14.200 field trip. But let's get to our ludicrous headline of 0:15:14.240 --> 0:15:17.480 the week. This one comes from Axios and it was 0:15:17.520 --> 0:15:20.200 it was covered widely though, and this one read Kim 0:15:20.240 --> 0:15:22.760 Kardashian to pay one point to six million in crypto 0:15:22.840 --> 0:15:26.440 charges settlement. Basically our good friend front of the show, 0:15:26.520 --> 0:15:28.800 Kim Kardashian, I I lie, she's not we're not. We 0:15:28.840 --> 0:15:30.440 don't know her at all. But she got paid two 0:15:30.640 --> 0:15:33.880 dred and fifty thousand dollars for one Instagram post about 0:15:33.920 --> 0:15:37.520 a crypto coin, and Matt I believe we talked about 0:15:37.520 --> 0:15:39.760 it at the time. We discussed how crappy it was 0:15:39.800 --> 0:15:42.800 that she was shilling for one of these coins to 0:15:42.880 --> 0:15:45.480 line her own pockets when a lot of her followers 0:15:45.480 --> 0:15:48.320 we're gonna lose money, and that's um. I have a 0:15:48.320 --> 0:15:51.200 hard time imagining how someone with her level of wealth 0:15:51.200 --> 0:15:54.640 feels compelled to sell out her followers like that. A 0:15:54.720 --> 0:15:56.840 lot of her followers got burned if they took her advice. 0:15:57.280 --> 0:15:59.240 And not only does it turn out was it just 0:15:59.280 --> 0:16:02.400 crappy advice, but according to the FTC, it was also 0:16:02.560 --> 0:16:05.480 illegal and so now she's agreed to pay a fine. 0:16:05.800 --> 0:16:07.440 And so I don't know. I would say we're glad 0:16:07.480 --> 0:16:12.480 to see some accountability, Yes, but even when celebrity endorsements 0:16:12.560 --> 0:16:16.760 don't cross the line of legality, like Matt Damon or 0:16:16.840 --> 0:16:20.160 Larry David's Super Bowl commercials for crypto, they're still leading 0:16:20.160 --> 0:16:23.360 everyday consumers to take risk ear beats right, often causing 0:16:23.400 --> 0:16:26.600 them to lose big bucks. So I'm glad to see 0:16:26.720 --> 0:16:30.760 some sort of justice done for pretty crummy pitch that 0:16:30.760 --> 0:16:32.880 should have never happened, but krypto is still a space 0:16:32.880 --> 0:16:35.160 where people really have to have to continue to look 0:16:35.160 --> 0:16:38.600 out for themselves because hype filled pitches or are still 0:16:38.680 --> 0:16:40.720 kind of the norm. Yeah, well, and you said that 0:16:41.240 --> 0:16:43.240 justice has been doled out. That's I mean, I think 0:16:43.320 --> 0:16:46.720 that's probably a stretch as well, because for her, I mean, 0:16:46.920 --> 0:16:49.720 you see, what's the fine, like one point something million dollars, 0:16:49.720 --> 0:16:51.120 Like that is a lot of money. She basically had 0:16:51.120 --> 0:16:54.800 to pay back all the money she made plus more penalty. Right. Well, 0:16:54.800 --> 0:16:57.120 that I mean that doesn't include how much she made 0:16:57.240 --> 0:17:00.320 on her hyping that coin, right, and so how much 0:17:00.320 --> 0:17:03.440 did she buy before she you know, had that ad 0:17:03.600 --> 0:17:06.840 or had that post's ing her account that money that 0:17:06.880 --> 0:17:09.080 amount of capital gains, I don't think we know. But 0:17:09.160 --> 0:17:11.240 for somebody like her, who has got like a like 0:17:11.240 --> 0:17:12.800 a net worth of a couple of billion dollars, this 0:17:12.920 --> 0:17:16.080 is just like this is like a speeding ticket for her. Well, 0:17:16.119 --> 0:17:18.440 she did have to agree to not I think hill 0:17:18.520 --> 0:17:20.480 for any crypto she's like, yeah, no problem for like 0:17:20.520 --> 0:17:23.720 three years and she's like, yeah, it's crypto dead. I 0:17:23.760 --> 0:17:26.080 don't know, but she's probably thinking it doesn't really matter 0:17:26.080 --> 0:17:28.720 to me anyway. But but Yeah, it seemed like it 0:17:28.720 --> 0:17:31.400 was more of a warning for other celebrities out there 0:17:31.440 --> 0:17:34.200 who are looking to potentially, you know, pimp a coin, 0:17:34.600 --> 0:17:37.119 because although it may not affect her bottom line all 0:17:37.119 --> 0:17:40.040 that much, that would affect somebody else's. And the Financial 0:17:40.080 --> 0:17:43.800 Times they recently documented what they called the lawless world 0:17:43.800 --> 0:17:46.440 of crypto, which is basically kind of what we're seeing 0:17:46.520 --> 0:17:49.960 um a company called chain Analysis that tracks the crypto space. 0:17:49.960 --> 0:17:52.800 They claims that more than two point two billion dollars 0:17:53.240 --> 0:17:56.000 has been stolen from folks within the crypto space via 0:17:56.240 --> 0:17:59.560 hacking and this year alone, like not since the inception 0:18:00.000 --> 0:18:03.359 of cryptocurrencies, but just this year. Uh. And the truth is, 0:18:03.480 --> 0:18:05.080 you know, you not only have to watch out for 0:18:05.200 --> 0:18:08.879 celebrity pitches, but also some of these other nefarious players 0:18:08.880 --> 0:18:11.080 who are also after your money. Like so many folks 0:18:11.119 --> 0:18:13.840 have been scanned by just these spoof accounts and these 0:18:14.040 --> 0:18:17.600 fake apps that might show impressive earnings, but in reality, 0:18:17.760 --> 0:18:19.960 your money it's long gone. And when you actually try 0:18:20.000 --> 0:18:22.520 to cash that cash that account out because you want 0:18:22.560 --> 0:18:25.879 to buy something tangible in the real world, that money, 0:18:25.880 --> 0:18:29.000 those funds they never actually arrive. Uh. And you know, 0:18:29.000 --> 0:18:31.359 we're certainly not experts in this. But not only should 0:18:31.359 --> 0:18:33.119 you be very careful of which coins you have to 0:18:33.119 --> 0:18:36.520 purchase and how much you're looking to invest or speculate 0:18:36.520 --> 0:18:38.800 within the space, but it's also really important to be 0:18:38.840 --> 0:18:42.600 incredibly suspicious. In particular if anyone who befriends you online 0:18:42.600 --> 0:18:44.760 and says they're gonna help you out, Uh, you need 0:18:44.800 --> 0:18:48.280 to keep a close eye on security. Again, it's still 0:18:48.440 --> 0:18:50.679 the wild West in a lot of ways, and we 0:18:50.720 --> 0:18:53.520