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Speaker 1: Welcome to had the Money. I'm Joel and I am Matt.

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Speaker 2: Today we're talking jump at the pump, lestening leverage, and

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Speaker 2: tapping too soon.

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Speaker 3: That's if we're laughing, because we watched the intro a

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Speaker 3: couple of times there and then we just kept rolling

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Speaker 3: and found a way to make it happen. We're we're

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Speaker 3: pros here, Matt. You know, we're just here to have

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Speaker 3: some fun. That's what we're gonna do here on this

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Speaker 3: Friday flight, especially considerably. Pros have been doing this for

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Speaker 3: as long as we have. But do we even still

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Speaker 3: we make idiotic mistakes? Yeah, I'll say your little catchy

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Speaker 3: headlines are super vague.

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Speaker 1: That was kind.

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Speaker 3: That's a little intense, So listener's got to stick around

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Speaker 3: and find out what we're talking about on all of none,

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Speaker 3: none of these are giving it away.

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Speaker 1: Some of the pump felt a little pannic at the disco. Oh,

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Speaker 1: I like that? Did you ever like those guys?

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Speaker 3: I never really listened to anither a little too screamy,

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Speaker 3: not like scream o rock, but like, I don't know,

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Speaker 3: too high pitched. Okay, you had a really high voice.

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Speaker 3: Was it like was back in the emo era? Is

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Speaker 3: that what they were it's like post emo. Okay, yeah,

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Speaker 3: moving a little bit more to the mainstream. But yeah,

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Speaker 3: this is our Friday flight. We're gonna talk about the

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Speaker 3: personal finance headlines, specifically how they are going to impact

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Speaker 3: your wallet.

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Speaker 1: While we're talking.

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Speaker 3: About your wallet, I think one of the prices that

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Speaker 3: people pay the most attention to is the price of

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Speaker 3: gasoline because they drive passed it multiple times a day

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Speaker 3: and we've gotten used to, you know, fairly low gas prices,

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Speaker 3: especially over the past year.

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Speaker 1: We've seen those prices dip, but the price of gases

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Speaker 1: soared this week.

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Speaker 3: Our local gas station here, like a month ago, I

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Speaker 3: want to say, we were in like the two to

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Speaker 3: fifty range, but prices have quickly shot up to three

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Speaker 3: dollars thirty cents even more because of US military operations

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Speaker 3: in Iran. Twenty percent of the world's oil passes through

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Speaker 3: the stream of Hormah, which has been cut off by

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Speaker 3: the Iranians. The tankers essentially are like, no, don't want

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Speaker 3: to go over there. Sure, And with the President saying

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Speaker 3: that the attacks are set to persist potentially for weeks

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Speaker 3: to come, the uncertainty of what retaliation could look like.

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Speaker 3: I think folks should be prepared to expand their their

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Speaker 3: budgets in this area for months to come. When it

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Speaker 3: when it comes to transportation costs, the cost of filling

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Speaker 3: up your car, I think there have been talks perhaps

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Speaker 3: of let's say, a cease fire. If that happens, well,

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Speaker 3: obviously that's going to change the I think the potential

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Speaker 3: for price you know what, what you're paying out the

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Speaker 3: prompt dramatically, but.

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Speaker 1: It could be a very short lived spike. We'll see. Yeah.

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Speaker 3: I mean literally, as of this recording, there haven't been

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Speaker 3: any talks of negotiations or talks, but that literally could

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Speaker 3: happen in like an hour or.

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Speaker 1: Apparently, I don't know.

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Speaker 2: I saw someone reporting that there was a request for

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Speaker 2: talks from the Iranian side, But like when will that happen?

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Speaker 2: Will will that happen?

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Speaker 1: It's tough, Yeah, And I was going to say too,

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Speaker 1: and by the way.

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Speaker 2: Like that, there's a lot we could say just about

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Speaker 2: the fact that our country is now at war. This

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Speaker 2: is not a political podcast, so we won't and we'll

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Speaker 2: let you do.

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Speaker 1: Even using the term that we're at war.

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Speaker 3: Have you noticed that they've tried to avoid saying that

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Speaker 3: we're at war because it's like, oh, no, this is

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Speaker 3: a military what they keep referring to it as a

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Speaker 3: kinetic and military.

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Speaker 1: Operation is the word, Then that's not Then it's not

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Speaker 1: really happening. Is that? Now? This is this is totally war.

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Speaker 3: Sure it may not be war in the traditional sense

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Speaker 3: of what we're used to, but this is absolutely what's

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Speaker 3: going on. And it's always terrible to see loss of life.

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Speaker 2: I want to say, Triple A does one of the

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Speaker 2: best jobs of tracking gas prices, and what they've shown

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Speaker 2: is that over the last couple of days, prices on

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Speaker 2: average across the nation have jumped something like twenty five cents.

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Speaker 2: But anecdotally here the few gas stations I go by,

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Speaker 2: and man, I'm either sometimes i'm driving by them, usually

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Speaker 2: I'm running by them. But I was I was shocked.

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Speaker 2: I was like, eighty I've seen an eighty cent spike

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Speaker 2: at the gas stations that I'm used to going by.

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Speaker 1: Price gouging station owners. What's going on?

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Speaker 2: Maybe or maybe the data from Triple A is just

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Speaker 2: slow to catch up to reality. I don't know, but

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Speaker 2: I'm curious to see if over the next couple of

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Speaker 2: days maybe it does catch up and we've seen more

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Speaker 2: like a forty to fifty to sixty sent per gallon

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Speaker 2: spike across the nation on avare be curious to hear

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Speaker 2: from how to money listeners, like what's going on at

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Speaker 2: your local gas stations? How is this impacting you? And

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Speaker 2: people might be wondering too, Matt, Well, how can gas

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Speaker 2: prices shoot up so much when our country is producing

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Speaker 2: so much oil? You look at the amount that we

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Speaker 2: produce in a given day and the amount that we consume,

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Speaker 2: and it's pretty close to being on par. And it

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Speaker 2: does help that we're not as reliant on Middle Eastern

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Speaker 2: countries as we used to be, like let's say in

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Speaker 2: the nineties, right, But oil is a global market. So

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Speaker 2: that is why, like even though we produce quite a

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Speaker 2: bit of oil in this country now, far more than

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Speaker 2: we ever used to, even just like what happened under

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Speaker 2: Trump administration number one Biden administration and continues to happen

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Speaker 2: under the Trump administration is just like we drill the drill, baby,

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Speaker 2: drill thing is.

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Speaker 1: A reality in our country, it is, yea.

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Speaker 3: But even still because of the nature of the global market, Yes,

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Speaker 3: we're more insulated from price pikes, we're still and not

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Speaker 3: immune to them. Yeah, well yeah, when you're talking about

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Speaker 3: just such a large because it's not again, it's because

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Speaker 3: of the amount of oil that goes through that region.

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Speaker 3: It's not even just Iran specifically, but just how much

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Speaker 3: is getting essentially choked off from the world. And so

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Speaker 3: you're referring to the global market. Yeah, when there is

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Speaker 3: a reduction in supply elsewhere in the world that impacts

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Speaker 3: prices here locally.

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Speaker 1: That's right.

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Speaker 2: And gas stations also are reacting to increased demand. That's

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Speaker 2: happening because people are like gas prices are going up,

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Speaker 2: let me fill up before I actually need to. They're

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Speaker 2: also reacting to the likelihood of higher prices. They're kind

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Speaker 2: of looking with the crystal ball into the future and

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Speaker 2: they're saying, well, the next supply that I have to purchase,

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Speaker 2: it's going to cost more. So I'm just going to

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Speaker 2: go ahead and preemptively raise the price for people who

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Speaker 2: are coming to fill up. So fear of higher prices

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Speaker 2: and an increase in consumer demand, those are just bringing

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Speaker 2: about higher prices more quickly on consumer and so we

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Speaker 2: feel it maybe more quickly, even though in some ways

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Speaker 2: like it feels like prices shouldn't rise so quickly.

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Speaker 3: Sure, Okay, So here is a Timely USA Today article.

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Speaker 3: They put together a list of the most fuel efficient

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Speaker 3: cars Joel and it was they're just like published now.

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Speaker 3: But Tesla, of course was number one. EV's they're just

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Speaker 3: cheap to run, even if they're not as cheap to

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Speaker 3: purchase now because of the federal tax credits because they

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Speaker 3: have gone away. But as far as brands that make

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Speaker 3: mostly gas cars, Kia, Nissan, and Subaru were up there.

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Speaker 3: But here's the interesting thing. Consumers don't seem to care

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Speaker 3: all that much, relatively speaking, because the the data tends

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Speaker 3: to show that as gas prices decline, well, individuals react

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Speaker 3: and then they go ahead and just purchase the larger,

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Speaker 3: these bigger, larger gas guzzling SUVs, these giant suburbans and expeditions.

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Speaker 1: Do you even think with a fourth or a fifth row? Actually,

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Speaker 1: that's that's what I'm into right now.

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Speaker 3: Hey, some people I know more more folks. Man, they

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Speaker 3: got seven plus kids, They got like the transit.

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Speaker 1: Well, you have that many kids, you need it, I guess.

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Speaker 1: But you do mean there's a lot.

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Speaker 2: Of people who are just like, we're the big, big run,

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Speaker 2: the biggest suv, And I'm really only putting two people

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Speaker 2: in that run.

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Speaker 3: But the opposite is true as well, when when gas

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Speaker 3: prices go up, that's when folks tend to reach for

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Speaker 3: the more fuel efficient vehicles. And so yeah, it's interesting

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Speaker 3: though to even just look at Tesla so and again

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Speaker 3: it's not it shouldn't be any surprise, but it gets

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Speaker 3: one hundred and twenty miles per gallon, and that's like

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Speaker 3: obviously the equivalent, right because Teslas don't run a gasoline.

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Speaker 3: But it just puts into perspective. This is a conversation

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Speaker 3: I was having with Kate recently where there's part of

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Speaker 3: me that sees our Honda and we drive around the

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Speaker 3: city right taking the kids to school, running errands, things

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Speaker 3: like that, we're getting like twenty miles per gallon. Right

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Speaker 3: on the highway we can get twenty five, twenty six,

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Speaker 3: we're getting twenty around town. And then I see the

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Speaker 3: two to Siena and he gets thirty six in the

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Speaker 3: city because it's got the hybrid, so it's operating off

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Speaker 3: of the battery for a lot of that, and I

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Speaker 3: think better, Oh my gosh, it's so much better. Oh

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Speaker 3: maybe I should drop forty thousand dollars in order to

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Speaker 3: achieve And like I did the math, and I would

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Speaker 3: only be saving like one thousand dollars to twelve hundred

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Speaker 3: dollars annually on gas prices in forty years, which it

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Speaker 3: would pay for itself, which like that is too long

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Speaker 3: of a time with bad math, as episode like that

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Speaker 3: should not be a reason for me to consider. It's

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Speaker 3: just so again, it's so attractive going back to the

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Speaker 3: fact that you drive past these prices every day and

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Speaker 3: you're constantly reminded of how much more you're having to

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Speaker 3: pay because of how often you're having to fill up.

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Speaker 3: That compared to something like a Tesla, where it's like,

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Speaker 3: wait a minute, if you're talking about truly six x,

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Speaker 3: it gets six times better gas mileage equivalent.

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Speaker 1: Of course, I mean that does make a bit more.

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Speaker 3: Sense and seems more of a potentially justifiable reason to

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Speaker 3: get something like an old used Tesla versus plinking on

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Speaker 3: the change for a new Toyota just because truly, maybe

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Speaker 3: I just want a new Toyota.

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Speaker 2: Well in all, really this comes down to I think

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Speaker 2: us thinking holistically about the total cost of ownership of

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Speaker 2: whatever car we might buy. Like you say, today had

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Speaker 2: another list about just the cheapest overall new car brands right,

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Speaker 2: and they were like, Mitsubishi is super inexpensive, right, they

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Speaker 2: make some of the cheaper cars out there. And I

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Speaker 2: was like, wait a second, mitsub she makes car still

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Speaker 2: they do apparently, Nissan, Mazda, Kiya, subrew they're up there

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Speaker 2: as well.

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Speaker 3: The Mitsubishi Eclipse back in the day in high school,

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Speaker 3: that was the car. Oh yeah, my friend had a

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Speaker 3: day wu. Those don't even exist anymore.

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Speaker 2: So when you look at the js and Saturns, there's

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Speaker 2: some there's some overlap on these lists. Matt, you said Kiya, Nissan, Suberu,

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Speaker 2: I said the same three? So those are those are

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Speaker 2: in Mazda Maybe, I don't know. Masda is up there

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Speaker 2: as far as being fuel efficient and brands all of those,

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Speaker 2: so maybe look at the overlap there. It's always nice

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Speaker 2: to pay less for a car, but truly, when it

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Speaker 2: comes down to it, what's the total cost of ownership?

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Speaker 2: You know, it's it's nice to have a car that's

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Speaker 2: fuel efficient. A lower upfront sales price is great, but

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Speaker 2: what about reliability? What about lower insurance costs? Think about

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Speaker 2: the Tesla there, it's like how much am I going

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Speaker 2: to save on gas costs versus how much more might

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Speaker 2: I pay on insurance, you're gonna want to check with

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Speaker 2: your insurance company.

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Speaker 3: Or how much less are you gonna pay it on insurance?

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Speaker 3: Because of full self driving insurans are starting to take

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Speaker 3: that into acount.

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Speaker 1: That's right, like we.

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Speaker 2: Talked about with Lemonade, dropping prices on your insurance for

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Speaker 2: your Tesla. So but I guess just even with gas

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Speaker 2: prices going up, don't get hung up on just one factor.

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Speaker 2: And it makes me think, Matt, that for at least

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Speaker 2: some people one car, if let's say gas is a

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Speaker 2: meaningful expense in your life, but you have your life,

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Speaker 2: maybe is you're not driving huge long distances in one

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Speaker 2: fell swoop man. Those old Nissan leafs are dirt cheap,

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Speaker 2: and think about how much money you're gonna save. I

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Speaker 2: kind of wish I still had mine around. It was

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Speaker 2: just this econo box that is no.

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Speaker 3: Frills, and yet if you're thinking about it like a

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Speaker 3: golf cart, then it's a great golf cart exactly exactly.

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Speaker 3: But you can get you can get one of those

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Speaker 3: Nissan Leaves that still has seventy five miles of range like.

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Speaker 1: Per charge for like four grand.

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Speaker 2: And really, yes, they're so cheap because they're so on love.

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Speaker 2: Nobody wants them super super affordable. So just putting that

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Speaker 2: out there for folks.

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Speaker 3: I mean, if the range anxiety, if you can get

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Speaker 3: past it, yeah, that's that might be the golden ticket

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Speaker 3: right there, that's right.

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Speaker 1: I like what Yeah.

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Speaker 3: Where you're pointing at here though, is like again going

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Speaker 3: back to the total cost of ownership. And I noticed

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Speaker 3: that Toyota, for instance, wasn't on the list of the

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Speaker 3: affordable brands. And that's because in part one, they've got

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Speaker 3: some really nice Toyota's out there. So that was they

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Speaker 3: were addressing just the brands as a whole.

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Speaker 1: You've seen those new Land Cruisers. We've talked about them.

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Speaker 1: That's too nice. They're so nice seconds but in.

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Speaker 3: Part because they've got quality parts too, And so you're

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Speaker 3: and you're referencing just how long is this thing going

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Speaker 3: to actually last? And when you look at all the research,

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Speaker 3: when it comes to the number of or the percentage

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Speaker 3: of vehicle or the likelihood of a certain car being

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Speaker 3: on the road past two hundred thousand miles past two

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Speaker 3: hundred and fifty thousand miles, Toyota takes like the top

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Speaker 3: four spots or something like that. It's like matter so Coya, Tundra,

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Speaker 3: the Siena. They're just built like tanks, and so you're

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Speaker 3: paying more on the front end. But it depends on

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Speaker 3: how you keep up with that thing and if you

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Speaker 3: take care of it. Have we shared that our van

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Speaker 3: rolled over towhure thousand miles?

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Speaker 1: No? Have we not?

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Speaker 3: Okay, it was getting close. We're getting close. Since yeah,

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Speaker 3: we're well over two hundred thousand, and we rechristened it.

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Speaker 1: I did tell you this. Yeah, yeah, we rechristened it Vincent.

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Speaker 1: And the kids were like why, and I said, van

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Speaker 1: go because we want the vein just to keep on trucking. Man.

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Speaker 1: We love it. We have humor and it's finest.

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Speaker 3: It was a great crossover between dad humor and like

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Speaker 3: classical education. The kids kind of gave me a tip

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Speaker 3: of the cap and a snarl roll of the eyes. Yes,

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Speaker 3: all right, let's talk about jobs. The good old days, Matt,

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Speaker 3: of the job market were in you know, some of

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Speaker 3: the worst days for humanity twenty twenty one.

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Speaker 1: The job market was great. Well, that was the silver lining.

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Speaker 2: Yeah, the COVID was rough, and so work from home

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Speaker 2: too was available to most folks at that point in time.

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Speaker 2: Obviously not and people doing a lot of really arduous

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Speaker 2: work in hospitals, grocery stores, a lot of people in

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Speaker 2: service jobs that were not working from home. But we

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Speaker 2: did see that was like a big dividing line where

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Speaker 2: a lot of people who had previously been unable were

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Speaker 2: then able to work from home. But that's not true

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Speaker 2: anymore in the way that it was. There was a

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Speaker 2: recent analysis of six hundred thousand jobs and it just

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Speaker 2: found that remote work is basically a dream that's slipping away,

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Speaker 2: and if you're keen on working from home, you might

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Speaker 2: be looking for work even longer these days in the

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Speaker 2: job market. Right as we know your people are looking

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Speaker 2: for work, it's take longer to find the job they want.

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Speaker 2: But if you're like I'm prioritizing a work from home role,

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Speaker 2: then you're going to be looking even longer than the

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Speaker 2: average person. Says a quote from the study that said

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Speaker 2: remote roles are roughly four times harder to get than

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Speaker 2: in office or hybrid positions. So if work from home

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Speaker 2: is a priority for you, look too. Smaller and mid

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Speaker 2: sized companies that's likely going to be your best bet,

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Speaker 2: But especially the big guys, Matt, we have definitely seen

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Speaker 2: this that call back to the office and strict office

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Speaker 2: hour rules. Those are more likely at some of the

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Speaker 2: bigger corporations. So the key question I think for job

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Speaker 2: hunters right now is how much is work from home

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Speaker 2: worth to me? Because it's increasingly coming with real trade

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Speaker 2: offs like waiting longer to find the job that suits you.

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Speaker 2: And I get that it's a high priority, but for

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Speaker 2: some people they might find that giving up on that

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Speaker 2: ideal and being able to being willing to grab a

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Speaker 2: hybrid role might make more sense.

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Speaker 3: Yeah, yeah, I saw they're talking about trying to sell

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Speaker 3: it as well, in the sense of, hey, I just

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Speaker 3: get the job done, I.

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Speaker 1: Do the work.

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Speaker 3: I'm not going to be there in the office cause

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Speaker 3: it a whole lot of workplace drama. Which there's a

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Speaker 3: part of me that's like, oh yeah, I bet there

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Speaker 3: are a whole lot of employers that want more of

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Speaker 3: that transactional sort of utility out of their employees. But

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Speaker 3: then I got to thinking that, oh that cuts both ways. Though,

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Speaker 3: that's a double edged sword because in that same sense,

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Speaker 3: like when it comes to whoever they need to cut.

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Speaker 1: It's just like, oh, sorry, you gotta go.

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Speaker 3: It's just business, right, because like they're just looking for

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Speaker 3: somebody to fill fill this position.

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Speaker 1: And out of sight, out of mind to a certain exactly.

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Speaker 3: So it's like, I don't know, Yeah, your personality and

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Speaker 3: the ability for you to be front and center goes

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Speaker 3: a long way, I think.

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Speaker 2: And it's hard to your role. It's harder to fire

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Speaker 2: or let go the person you see every day, yes, right,

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Speaker 2: like I have a relationship with them.

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Speaker 1: As long as you're not, I guess super annoying. Or

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Speaker 1: maybe it's.

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Speaker 3: Easy then, but uh so, job hoppers and the leverage

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Speaker 3: that you would gain in going with a new company,

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Speaker 3: it's not what it used to be. ADP data they

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Speaker 3: continue to show that job switchers are at least on average,

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Speaker 3: unable to get much of a pay bump right now,

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Speaker 3: although recent FED data is a bit contradictory that they're

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Speaker 3: showing a slightly bigger bump in pay for job switchers.

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Speaker 3: But the data as a whole is just a reflection

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Speaker 3: of a reversion to the mean after the insanity of

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Speaker 3: the pandemic labor market. And I will say the numbers

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Speaker 3: also very significantly by sector, and so if you're in

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Speaker 3: very physical jobs, if you're in construction, if you're in mining,

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Speaker 3: even finance, actually al SI presidency, but the average pay

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Speaker 3: bump is significantly higher, So just don't assume that you

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Speaker 3: should stay put because of these data trends. The job

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Speaker 3: market is not as worker friendly as it was, but

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Speaker 3: I think there's still a whole lot of opportunity out

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Speaker 3: there for folks who are looking for something maybe a

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Speaker 3: little bit better, something where the grass might be a

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Speaker 3: big greener.

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Speaker 1: What I think when.

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Speaker 2: You read the headlines or see the trends, it's really

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Speaker 2: easy to think, I guess now's not a good time

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Speaker 2: for me to look for a job and just assume

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Speaker 2: that the trends are just concrete reality for everyone. But

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Speaker 2: that's not true, right, And it's still okay despite the

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Speaker 2: trends to seek a job that pays more. Like I

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Speaker 2: have a friend this week who just started a new job.

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Speaker 2: He's getting paid a lot more, and he's not alone.

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Speaker 2: There are other people out there who were doing the same.

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Speaker 2: It's just kind of the average. It's the norm. It's

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Speaker 2: not as easy, but it's not possible.

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Speaker 1: Yeah.

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Speaker 3: It makes me think of the housing market, right, It's like, oh,

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Speaker 3: this is a terrible time to buy. Nobody's selling their home.

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Speaker 3: It's like, okay, therefore, I should never look right. But

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Speaker 3: that being said, what about the you know, your old

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Speaker 3: neighbor that's been there for twenty years, and you know what,

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Speaker 3: she's actually going to move in with her sister across town. Like,

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Speaker 3: there are always little smallunity opportunity. Oh so and so

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Speaker 3: got a promotion, but he's got to move to the

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Speaker 3: company headquarters out of state. And normally you wouldn't expect

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Speaker 3: that house to go on the market, but it is now.

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Speaker 3: There are always these unique, one off, more individualized data

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Speaker 3: points as opposed to kind of what's happening overall. Yeah,

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Speaker 3: even if the trend an't your friend, there's still real

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Speaker 3: possibility out there. Interestingly, enough, Americans are working less than

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Speaker 3: ever before. According to that same ADP report, Matt, the

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Speaker 3: average weekly worktime is down to thirty three hours. So

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Speaker 3: butch part timer's out there trying to live like Matt

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Speaker 3: and Joel or something like that. But Americans still broadly

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Speaker 3: report not having enough time. And I'm curious, do you

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Speaker 3: do you have any informed thoughts on why that might

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Speaker 3: be the case, Why people are working less but they

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Speaker 3: still feel like they I think enough time.

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Speaker 1: I think it's just perpetual. You know, first of all,

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Speaker 1: I will address the thirty three hours.

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Speaker 3: It's not too far off, like it is the lowest

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Speaker 3: it's been, but it's kind of been around thirty four

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Speaker 3: since like the eighties, right, Like if you look back

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Speaker 3: at data back like hundred years of the nineteen twenties,

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Speaker 3: it's been like increased dramatically. Fifty hours was the typical

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Speaker 3: because the six day work week was super stinking normal,

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Speaker 3: and it wasn't until Henry Ford before he was just like,

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Speaker 3: oh yeah, increased production, it just declines, I forget what

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Speaker 3: the term is whatever, But beyond a certain point, there's

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Speaker 3: no point in folks working. So that's when the five

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Speaker 3: day work week and then the laws were passed all that,

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Speaker 3: and twelve year olds work a whole lot less than

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Speaker 3: they did two hundred years again exactly. But that being said,

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Speaker 3: I mean, aside from that, like in our modern era,

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Speaker 3: I think the notion of feeling like you don't have

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Speaker 3: enough time, it's just a part of being human. There's

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Speaker 3: a I think there's a certain aspect of there's just

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Speaker 3: all especially as we have access to and see more

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Speaker 3: things that are things that are out there in the world,

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Speaker 3: and there's just more that you want to be able

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Speaker 3: to do, and you start wondering, like, well, how the

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Speaker 3: heck am I going to be able to do all these?

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Speaker 3: It makes me think of we always talk about the

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Speaker 3: tail end. Uh wait, wait, but why that's the tim

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Speaker 3: urban side And you start realizing, you know, he looks

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Speaker 3: at Oh my gosh, I only have there's only like

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Speaker 3: a there's a very limited finite number of visits I'll

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Speaker 3: have with my parents again before.

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Speaker 1: Like I've got eleven Boston Red Sox games.

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Speaker 3: Yes, exactly, or there's only so many I forget what's

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Speaker 3: the food example that he gave. I don't know, but like,

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Speaker 3: there's so many different things like that, and you can

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Speaker 3: truly kind of quantify. It just starts putting into perspective

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Speaker 3: some of the things that you want to accomplish with

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Speaker 3: your time. So I think when you are faced with

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Speaker 3: the reality of yes, we work less than we ever

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Speaker 3: have worked before, but also I don't feel like I

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Speaker 3: have a whole lot of time, there's just a I

435
00:19:55,840 --> 00:19:58,120
Speaker 3: don't know, there's a dissonance there, and I think it's

436
00:19:58,160 --> 00:20:01,679
Speaker 3: worth addressing and asking you why do I feel like

437
00:20:02,400 --> 00:20:04,359
Speaker 3: I have less time than ever?

438
00:20:04,720 --> 00:20:05,160
Speaker 1: So why?

439
00:20:05,280 --> 00:20:06,600
Speaker 3: I think a part of it is just we live

440
00:20:06,640 --> 00:20:11,280
Speaker 3: complex lives. I think life is much more complicated than

441
00:20:11,320 --> 00:20:13,440
Speaker 3: it used to be as far as just.

442
00:20:13,480 --> 00:20:14,040
Speaker 1: I don't know that.

443
00:20:14,080 --> 00:20:16,119
Speaker 3: There seem to be a thousand different little outlets and

444
00:20:16,160 --> 00:20:18,960
Speaker 3: things that are drawing our attention and our time.

445
00:20:19,080 --> 00:20:21,000
Speaker 2: And some of it's good, but some of it's not good.

446
00:20:21,040 --> 00:20:22,960
Speaker 2: And maybe in some ways we're doing it to ourselves

447
00:20:23,000 --> 00:20:26,400
Speaker 2: as well, don't you think. I mean, I think the

448
00:20:26,440 --> 00:20:28,960
Speaker 2: one I think there's more pressure for that people feel

449
00:20:29,000 --> 00:20:31,840
Speaker 2: at work, even inside of those work hours, to produce,

450
00:20:31,880 --> 00:20:34,400
Speaker 2: and maybe AI is kicking that up a notch from

451
00:20:34,480 --> 00:20:37,320
Speaker 2: some of the reports we've seen recently as well, where

452
00:20:37,880 --> 00:20:39,880
Speaker 2: people are just expected to do more because hey, now

453
00:20:39,880 --> 00:20:42,680
Speaker 2: you get this tool of AI, so your output should

454
00:20:42,720 --> 00:20:45,320
Speaker 2: be more significant than it has been. I think that's

455
00:20:45,480 --> 00:20:47,159
Speaker 2: pressure that people feel. And then I think in some

456
00:20:47,200 --> 00:20:51,840
Speaker 2: ways it's it's self induced, well maybe not self induced,

457
00:20:51,840 --> 00:20:55,040
Speaker 2: but to working parents like and which feels like in

458
00:20:55,080 --> 00:20:57,399
Speaker 2: necessity now that's if you've got kids, that feels like

459
00:20:57,840 --> 00:21:00,439
Speaker 2: more of a hardship. And then in other I just

460
00:21:00,440 --> 00:21:03,399
Speaker 2: think about the rise of screen time and what that

461
00:21:03,440 --> 00:21:06,480
Speaker 2: seems to do to our brains. And I think it's

462
00:21:06,560 --> 00:21:09,560
Speaker 2: really easy when we think that that's going to give

463
00:21:09,640 --> 00:21:12,600
Speaker 2: us maybe some respite from a hard day or something

464
00:21:12,720 --> 00:21:15,280
Speaker 2: like that, and it doesn't calm us down or relax

465
00:21:15,400 --> 00:21:18,280
Speaker 2: us in the way we'd hoped, whereas like a walk

466
00:21:18,320 --> 00:21:21,880
Speaker 2: with our spouse or a friend would maybe actually provide

467
00:21:21,960 --> 00:21:23,639
Speaker 2: some of that relief and make it feel like we

468
00:21:23,720 --> 00:21:26,399
Speaker 2: had more time. So a little bit of touching grass

469
00:21:26,400 --> 00:21:28,480
Speaker 2: getting out in nature could be at least a little

470
00:21:28,480 --> 00:21:31,960
Speaker 2: helpful to those kind of feelings like there's no time. Yeah,

471
00:21:32,000 --> 00:21:33,600
Speaker 2: And you might be like, there's no time for me

472
00:21:33,600 --> 00:21:35,480
Speaker 2: to get out in nature, Joel, what are you talking about?

473
00:21:35,960 --> 00:21:38,560
Speaker 2: But like, I think we find time for all these

474
00:21:38,680 --> 00:21:43,040
Speaker 2: other things that maybe are just less restorative than taking

475
00:21:43,080 --> 00:21:44,399
Speaker 2: a walk around the neighborhood would be.

476
00:21:44,440 --> 00:21:44,920
Speaker 1: Yeah. Yeah.

477
00:21:44,920 --> 00:21:47,199
Speaker 3: And that's what I think for some folks is just

478
00:21:47,280 --> 00:21:49,760
Speaker 3: realizing and trying to figure out where their time is going,

479
00:21:49,880 --> 00:21:51,639
Speaker 3: because I think a lot of times folks are like, well,

480
00:21:51,640 --> 00:21:53,920
Speaker 3: I don't know, I just don't have the time. And

481
00:21:54,400 --> 00:21:57,280
Speaker 3: something as simple like you do financial audits where you

482
00:21:57,359 --> 00:22:01,080
Speaker 3: are reviewing your expenses, figuring out where the money is going,

483
00:22:01,359 --> 00:22:03,199
Speaker 3: and at the end of the year, a lot of

484
00:22:03,200 --> 00:22:04,680
Speaker 3: times folks do that with their budgets, and I think

485
00:22:04,680 --> 00:22:07,320
Speaker 3: doing something similar I've done this myself.

486
00:22:07,359 --> 00:22:07,760
Speaker 1: I did this.

487
00:22:07,760 --> 00:22:10,040
Speaker 3: This is like an experiment I did six years ago

488
00:22:10,200 --> 00:22:12,199
Speaker 3: or something like that where I literally was trying to

489
00:22:12,240 --> 00:22:15,600
Speaker 3: track every fifteen minute block essentially of my day and

490
00:22:15,600 --> 00:22:16,840
Speaker 3: I just stuck it on the calendar and I still

491
00:22:16,880 --> 00:22:18,480
Speaker 3: have I have looked at it and for it and forever.

492
00:22:18,480 --> 00:22:20,159
Speaker 3: But I just wanted to prove to myself that I

493
00:22:20,359 --> 00:22:23,119
Speaker 3: was actually able to do some of the things that

494
00:22:23,160 --> 00:22:26,080
Speaker 3: I said I wasn't able to do if I was

495
00:22:26,160 --> 00:22:28,160
Speaker 3: just willing to actually prioritize those things.

496
00:22:28,200 --> 00:22:30,239
Speaker 2: That's what actually I was thinking of as you were

497
00:22:30,440 --> 00:22:31,879
Speaker 2: I'm talking about this, I was like, I remember when

498
00:22:31,880 --> 00:22:35,520
Speaker 2: you tracked your time, and like how beneficial that can be?

499
00:22:35,840 --> 00:22:36,960
Speaker 1: Eye opening? Right?

500
00:22:37,040 --> 00:22:39,159
Speaker 2: Yeah, wait exactly am I spending my time and I

501
00:22:39,200 --> 00:22:40,159
Speaker 2: say I don't have the time.

502
00:22:40,040 --> 00:22:42,360
Speaker 1: To do the things I want? But remove the excuses.

503
00:22:42,560 --> 00:22:44,560
Speaker 3: And because I was giving myself excuses of like, well,

504
00:22:44,560 --> 00:22:46,399
Speaker 3: how I can't do this, Like what am I supposed

505
00:22:46,400 --> 00:22:48,399
Speaker 3: to do this? And therefore I wouldn't try because I

506
00:22:48,440 --> 00:22:49,800
Speaker 3: just felt like I didn't have the time. But then

507
00:22:49,840 --> 00:22:51,720
Speaker 3: once I was able to identify, oh no, no, no,

508
00:22:51,840 --> 00:22:53,520
Speaker 3: there is actual time here for me to do this,

509
00:22:53,600 --> 00:22:55,680
Speaker 3: to do that for me to work out, for me

510
00:22:55,760 --> 00:22:57,600
Speaker 3: to grab a beer with a friend, to grab coffee,

511
00:22:57,640 --> 00:22:59,200
Speaker 3: to be able to volunteer in this way, like, oh,

512
00:22:59,240 --> 00:23:01,520
Speaker 3: there are slots for all of those things. I just

513
00:23:01,560 --> 00:23:03,440
Speaker 3: need to be I have to stick those on the calendar,

514
00:23:03,520 --> 00:23:05,080
Speaker 3: and I have to prioritize those. I have to get

515
00:23:05,080 --> 00:23:07,879
Speaker 3: those big rocks in first, before the little pebbles and

516
00:23:07,920 --> 00:23:11,000
Speaker 3: before the sand. Yeah, soaks up all the remaining space.

517
00:23:11,080 --> 00:23:13,600
Speaker 2: There's always time for beer with a friend. Yeah, no

518
00:23:13,680 --> 00:23:16,000
Speaker 2: excuses for that. We've got more we want to get

519
00:23:16,040 --> 00:23:17,920
Speaker 2: to on this episode and clean. We'll talk about the

520
00:23:18,240 --> 00:23:23,160
Speaker 2: new Apple laptop and inexpensive man, really inexpensive, and also

521
00:23:23,400 --> 00:23:26,600
Speaker 2: just some bad news in terms of how people are

522
00:23:26,600 --> 00:23:27,560
Speaker 2: treating their four one case.

523
00:23:27,560 --> 00:23:28,879
Speaker 1: We get to that and more right after this.

524
00:23:36,760 --> 00:23:38,760
Speaker 3: All right, Matt, we're back. It's time for the Ludacris

525
00:23:38,840 --> 00:23:42,200
Speaker 3: headline of the week. Of course, I always got to

526
00:23:42,280 --> 00:23:44,160
Speaker 3: hit that. This one comes from the Wall Street Journal

527
00:23:44,200 --> 00:23:46,800
Speaker 3: and it said record numbers of workers are rating their

528
00:23:46,840 --> 00:23:50,920
Speaker 3: four oh one K savings. Yes, Americans are grabbing four

529
00:23:50,880 --> 00:23:54,320
Speaker 3: to one K dollars early in record numbers. This is

530
00:23:54,359 --> 00:23:57,600
Speaker 3: according to the good people of Vanguard, our favorite low

531
00:23:57,600 --> 00:24:02,440
Speaker 3: cost brokerage, they saw six percent fidelity up there. Schwab's

532
00:24:02,440 --> 00:24:06,000
Speaker 3: great Vanguard you like Robin Hood, uh, and yeah, there's

533
00:24:06,040 --> 00:24:08,000
Speaker 3: there's some great other place, but Vanguard is like the

534
00:24:08,040 --> 00:24:09,920
Speaker 3: OG so yeah, special love.

535
00:24:10,200 --> 00:24:12,159
Speaker 2: But they saw that six percent of four one K

536
00:24:12,240 --> 00:24:16,960
Speaker 2: holders took a hardship withdraw last year. And Americans have

537
00:24:17,080 --> 00:24:21,280
Speaker 2: seen their portfolio the headline four oh one K number

538
00:24:21,440 --> 00:24:25,159
Speaker 2: right go up. So actually I just saw another headline.

539
00:24:25,200 --> 00:24:27,240
Speaker 2: I think the average four one K balance went up

540
00:24:27,320 --> 00:24:30,159
Speaker 2: eleven percent in twenty twenty five. So let's say you

541
00:24:30,200 --> 00:24:32,920
Speaker 2: had a couple hundred grand. Well you look back after

542
00:24:32,920 --> 00:24:34,720
Speaker 2: the end of one year and you're like, man, I

543
00:24:34,760 --> 00:24:37,960
Speaker 2: got like I got two twenty something like this is awesome. Uh,

544
00:24:38,000 --> 00:24:41,560
Speaker 2: and so it's just easier to tap your four one

545
00:24:41,640 --> 00:24:43,560
Speaker 2: K When it's up, You're like, I got more money

546
00:24:43,560 --> 00:24:46,080
Speaker 2: than I thought. It's it's the wealth effect, right, I

547
00:24:46,080 --> 00:24:47,600
Speaker 2: think it takes place in your brain.

548
00:24:47,720 --> 00:24:47,920
Speaker 1: Yeah.

549
00:24:47,960 --> 00:24:50,400
Speaker 3: Well, and that's also on top of just the additional

550
00:24:50,400 --> 00:24:52,320
Speaker 3: growth that we've seen since twenty twenty, which I think

551
00:24:52,359 --> 00:24:55,760
Speaker 3: is one hundred and thirty three percent, which is really significant, man,

552
00:24:55,840 --> 00:24:59,040
Speaker 3: Like that is and that's in the S and P. So,

553
00:24:59,040 --> 00:25:03,840
Speaker 3: so it's hard, it's hard. To ignore that rising balance

554
00:25:03,920 --> 00:25:06,920
Speaker 3: is people feeling wealth here. And then also simultaneously, we've

555
00:25:06,920 --> 00:25:09,920
Speaker 3: made it easier for people to tap their four one

556
00:25:09,960 --> 00:25:12,880
Speaker 3: ks than ever before, which is not something we love.

557
00:25:12,920 --> 00:25:15,440
Speaker 3: But I think what people are rationalizing in their heads

558
00:25:15,440 --> 00:25:17,440
Speaker 3: mat they're saying, like, so, why don't want to grab

559
00:25:17,480 --> 00:25:19,240
Speaker 3: a little bit to use now? Well, it's the harm

560
00:25:19,920 --> 00:25:23,040
Speaker 3: I think that's kind of the thought process. Well, there

561
00:25:23,040 --> 00:25:25,360
Speaker 3: are a whole lot of reasons not to write. First,

562
00:25:25,400 --> 00:25:27,600
Speaker 3: you pay income tax and a ten percent penalty when

563
00:25:27,600 --> 00:25:29,639
Speaker 3: you take money out of your four oh one K

564
00:25:29,800 --> 00:25:32,880
Speaker 3: unless you meet those stringent guide. I think the hardship

565
00:25:32,880 --> 00:25:36,640
Speaker 3: withdrawal that was introduced one thousand dollars is what you're

566
00:25:36,640 --> 00:25:39,359
Speaker 3: able to take every few years out of your four

567
00:25:39,400 --> 00:25:42,480
Speaker 3: o one K without paying a penalty. But that's not

568
00:25:42,560 --> 00:25:47,080
Speaker 3: much money, right, and so you're also interrupting. Another huge

569
00:25:47,119 --> 00:25:50,520
Speaker 3: important point in favor of not rating your four one

570
00:25:50,560 --> 00:25:54,680
Speaker 3: K early is the effect that compounding is going to

571
00:25:54,760 --> 00:25:57,359
Speaker 3: have on your ability to build wealth. And we would

572
00:25:57,400 --> 00:26:00,000
Speaker 3: just say it's probably better to not invest those dollars

573
00:26:00,160 --> 00:26:02,320
Speaker 3: in the first place, and to pad your emergency fund

574
00:26:02,680 --> 00:26:04,919
Speaker 3: before you start sticking more money in your four oh

575
00:26:04,920 --> 00:26:06,840
Speaker 3: one K. Yeah, because if you're like.

576
00:26:07,359 --> 00:26:10,040
Speaker 2: Living on the edge and you feel like you might

577
00:26:10,119 --> 00:26:12,600
Speaker 2: have to grab money from that, just don't put it

578
00:26:12,600 --> 00:26:13,359
Speaker 2: into the first place.

579
00:26:13,480 --> 00:26:15,919
Speaker 3: Yeah, that's I think this is an instance where that

580
00:26:15,960 --> 00:26:19,800
Speaker 3: force savings is working because it's forcing people to save.

581
00:26:19,840 --> 00:26:21,800
Speaker 3: But guess what, there's no fource savings when it comes

582
00:26:21,840 --> 00:26:23,560
Speaker 3: to your efund, and all of a sudden you find

583
00:26:23,560 --> 00:26:26,800
Speaker 3: yourself retirement rich but cash strapped, and maybe you've got

584
00:26:26,800 --> 00:26:29,280
Speaker 3: a cash flow issue. It's not just the four one

585
00:26:29,359 --> 00:26:32,280
Speaker 3: ks though, Americans are using their heelock dollars in bigger

586
00:26:32,359 --> 00:26:35,520
Speaker 3: numbers as well. So similar to your four one K balance,

587
00:26:35,560 --> 00:26:39,399
Speaker 3: the average homeowner has a lot of home equity, and

588
00:26:39,480 --> 00:26:43,120
Speaker 3: the headline number is something like thirty five trillion dollars.

589
00:26:43,680 --> 00:26:48,040
Speaker 3: I think we've seen even more equity growth when it

590
00:26:48,040 --> 00:26:50,760
Speaker 3: comes to the average homeowner than even the market, so

591
00:26:50,840 --> 00:26:52,720
Speaker 3: that SMP is it's something like one hundred and thirty

592
00:26:52,720 --> 00:26:55,200
Speaker 3: three percent. It's something like one hundred and forty two percent.

593
00:26:55,440 --> 00:26:58,840
Speaker 3: No way in equity growth on the average home since

594
00:26:58,880 --> 00:27:04,280
Speaker 3: twenty twenty, which is insane, that's staggering, totally an aberration historically, Yes,

595
00:27:04,320 --> 00:27:06,440
Speaker 3: you know, yeah, so don't get used to your home

596
00:27:06,440 --> 00:27:07,840
Speaker 3: prize going up with that record clip.

597
00:27:08,000 --> 00:27:08,880
Speaker 1: Yeah, ad nausea.

598
00:27:08,920 --> 00:27:10,600
Speaker 3: And so with that, we're seeing an increase in folks

599
00:27:10,680 --> 00:27:13,320
Speaker 3: taking out helocks every quarter since the end of twenty

600
00:27:13,359 --> 00:27:17,119
Speaker 3: twenty two. And it's this is a great another example

601
00:27:17,160 --> 00:27:19,200
Speaker 3: of four savings, right, It's great to be able to

602
00:27:19,200 --> 00:27:21,440
Speaker 3: build wealth in your home, and it might make sense

603
00:27:21,440 --> 00:27:23,800
Speaker 3: to take out a helock to improve your home because

604
00:27:23,800 --> 00:27:26,000
Speaker 3: in that sense, in that way, it's also tax deductible,

605
00:27:26,960 --> 00:27:28,680
Speaker 3: and it can also you can also if you want

606
00:27:28,680 --> 00:27:30,280
Speaker 3: to use that to consolidate some debt as well. I

607
00:27:30,320 --> 00:27:31,960
Speaker 3: think that could make a whole lot of sense. But

608
00:27:32,600 --> 00:27:36,800
Speaker 3: especially with interest rates closer to seven eight percent, certainly

609
00:27:36,840 --> 00:27:40,760
Speaker 3: proceed with caution. It seems like much more. There's more

610
00:27:40,760 --> 00:27:43,080
Speaker 3: of an argument I think to use the helock if

611
00:27:43,119 --> 00:27:46,439
Speaker 3: you are in a tough cash flow situation than tapping

612
00:27:46,480 --> 00:27:50,680
Speaker 3: your retirement. In part because of the ten percent haircut

613
00:27:50,720 --> 00:27:53,359
Speaker 3: that you're taking off off of your four O one K,

614
00:27:53,600 --> 00:27:56,840
Speaker 3: that's that part of it feels a bit more egregious

615
00:27:57,160 --> 00:27:57,800
Speaker 3: in my opinion.

616
00:27:57,920 --> 00:28:00,199
Speaker 2: Yeah, yeah, And really, when you're talking about it, are

617
00:28:00,240 --> 00:28:02,320
Speaker 2: the two biggest piles of wealth that people typically have

618
00:28:02,400 --> 00:28:05,800
Speaker 2: access to, and so it feels like the easiest place

619
00:28:06,440 --> 00:28:11,280
Speaker 2: to go for money. And typically it is the easiest

620
00:28:11,280 --> 00:28:14,080
Speaker 2: place to go, especially if you need a fairly large sum,

621
00:28:14,200 --> 00:28:17,199
Speaker 2: but rating them is rarely a good idea. And in

622
00:28:17,280 --> 00:28:19,240
Speaker 2: terms of the he like you said to be really

623
00:28:19,240 --> 00:28:21,320
Speaker 2: thoughtful on the front end about how long it's going

624
00:28:21,400 --> 00:28:23,680
Speaker 2: to take you to pay it back, because you don't

625
00:28:23,720 --> 00:28:25,400
Speaker 2: want to have that hanging over your head for eight

626
00:28:25,440 --> 00:28:27,879
Speaker 2: ten years. Back to four one case for a second,

627
00:28:27,880 --> 00:28:31,119
Speaker 2: mat I had someone really smart recently tell me. He

628
00:28:31,160 --> 00:28:33,439
Speaker 2: basically said something like about how small business is. They

629
00:28:33,480 --> 00:28:36,000
Speaker 2: don't really do the four to one K thing. And

630
00:28:36,080 --> 00:28:38,680
Speaker 2: I politely disagreed, and I was like, no, no, no, but

631
00:28:39,040 --> 00:28:41,520
Speaker 2: it's easier and cheaper than ever for small businesses to

632
00:28:41,520 --> 00:28:42,880
Speaker 2: get a four to one K off the ground. This

633
00:28:43,000 --> 00:28:45,840
Speaker 2: is like, this is happening. I didn't have any data

634
00:28:45,880 --> 00:28:47,320
Speaker 2: to share at the time, but then I saw this

635
00:28:47,400 --> 00:28:50,760
Speaker 2: new study from Gusto. They found that more than six

636
00:28:50,840 --> 00:28:54,600
Speaker 2: million small business employees have gained access to four one

637
00:28:54,640 --> 00:28:58,600
Speaker 2: K since twenty nineteen. That's six million Americans. What percentage

638
00:28:58,600 --> 00:29:00,920
Speaker 2: of Americans is that it's over It's over one percent

639
00:29:01,040 --> 00:29:04,000
Speaker 2: of the population, probably at least one, let's say two

640
00:29:04,000 --> 00:29:07,280
Speaker 2: percent of the American population that's not nothing now has

641
00:29:07,320 --> 00:29:08,880
Speaker 2: access to a four one K where they did not.

642
00:29:09,280 --> 00:29:11,480
Speaker 2: That's a massive jump, right, and people who have access

643
00:29:11,520 --> 00:29:14,760
Speaker 2: to a workplace retirement account. And it's great news for

644
00:29:14,880 --> 00:29:18,720
Speaker 2: those individual but also for those businesses because it allows

645
00:29:18,760 --> 00:29:22,280
Speaker 2: them to attract and to retain great workers. And a

646
00:29:22,320 --> 00:29:25,000
Speaker 2: decent four one K feels like it's table stakes these days.

647
00:29:25,880 --> 00:29:28,840
Speaker 2: If you're trying to hire someone that you want to

648
00:29:28,920 --> 00:29:31,640
Speaker 2: keep around for a long time, having a solid four

649
00:29:31,640 --> 00:29:34,160
Speaker 2: one K with a decent match is like it's kind

650
00:29:34,160 --> 00:29:35,120
Speaker 2: of like a bare bones park.

651
00:29:35,200 --> 00:29:35,360
Speaker 3: Right.

652
00:29:35,520 --> 00:29:38,440
Speaker 2: You don't have to go all Google or fancy tech

653
00:29:38,480 --> 00:29:42,320
Speaker 2: company and have the chef making sushi and stuff at lunch,

654
00:29:42,840 --> 00:29:43,959
Speaker 2: but you got to have a four to one K.

655
00:29:44,480 --> 00:29:47,400
Speaker 2: And Guideline and Betterment are two of the best places

656
00:29:47,440 --> 00:29:49,280
Speaker 2: to turn if you own a small business and you

657
00:29:49,320 --> 00:29:52,040
Speaker 2: want to offer one, because they're pretty low cost, easy

658
00:29:52,200 --> 00:29:54,600
Speaker 2: to get set up if you don't have many employees.

659
00:29:55,320 --> 00:29:57,160
Speaker 2: And if you, by the way, work for a small

660
00:29:57,200 --> 00:30:00,480
Speaker 2: business that doesn't have a four to one K, kindly

661
00:30:00,560 --> 00:30:02,200
Speaker 2: let them know how easy it is to get it

662
00:30:02,240 --> 00:30:04,600
Speaker 2: off the ground and be like, this is a perk.

663
00:30:04,920 --> 00:30:07,160
Speaker 2: I see more and more small businesses offering. I want

664
00:30:07,160 --> 00:30:09,600
Speaker 2: to stay here for a long time to come. What

665
00:30:09,680 --> 00:30:11,040
Speaker 2: do you think is this a possibility?

666
00:30:11,120 --> 00:30:12,480
Speaker 1: Yeah? I do so.

667
00:30:12,520 --> 00:30:14,680
Speaker 3: I don't know who your really smart friend is. But

668
00:30:14,880 --> 00:30:18,160
Speaker 3: it is much easier to get a Solo four one K.

669
00:30:18,160 --> 00:30:19,480
Speaker 2: I question this intelligence now.

670
00:30:19,920 --> 00:30:20,760
Speaker 1: Yeah, it's a.

671
00:30:20,680 --> 00:30:22,160
Speaker 3: Lot easier to get a Solo four win get. There

672
00:30:22,200 --> 00:30:23,800
Speaker 3: are more hoops you have to jump through with a

673
00:30:23,840 --> 00:30:25,960
Speaker 3: small business. But like you said, you've got these companies

674
00:30:26,000 --> 00:30:28,480
Speaker 3: that exist to help get those.

675
00:30:28,320 --> 00:30:29,280
Speaker 1: Planes off the ground.

676
00:30:29,360 --> 00:30:31,680
Speaker 3: But what you've got a note here about something about

677
00:30:31,680 --> 00:30:33,760
Speaker 3: a cashmere sweater's what's the solo bon?

678
00:30:33,920 --> 00:30:34,200
Speaker 1: Dude? This?

679
00:30:34,880 --> 00:30:38,360
Speaker 2: I thought this was crazy. You high end everything. I

680
00:30:38,400 --> 00:30:42,200
Speaker 2: feel like there are markets now that didn't exist ten

681
00:30:42,320 --> 00:30:45,959
Speaker 2: or twelve, fifteen years ago, high end products for whatever

682
00:30:46,000 --> 00:30:46,480
Speaker 2: your interest.

683
00:30:46,960 --> 00:30:48,240
Speaker 1: Yeah yeah yeah, fashion.

684
00:30:47,960 --> 00:30:51,680
Speaker 2: Stuff, fashion stuff, like just whatever your hobby is. Now

685
00:30:51,720 --> 00:30:53,560
Speaker 2: you can ramp it up to instead of like a

686
00:30:53,720 --> 00:30:56,560
Speaker 2: nice little twenty dollars pickleball paddle. I know people are like,

687
00:30:56,640 --> 00:30:57,920
Speaker 2: I want that three hundred dollars one.

688
00:30:58,040 --> 00:30:58,960
Speaker 1: I don't know what the difference is.

689
00:30:58,960 --> 00:31:03,240
Speaker 3: People are competitive. Yes, there's like national or even international

690
00:31:03,320 --> 00:31:06,680
Speaker 3: rankings on pickleball. Yeah really okay, yeah, I mean it's

691
00:31:06,800 --> 00:31:08,400
Speaker 3: it makes sense. It's a growing sports. Did we talk

692
00:31:08,400 --> 00:31:11,120
Speaker 3: There was somebody we we spoke with last year and

693
00:31:11,600 --> 00:31:14,440
Speaker 3: he talked about how much money that was his splurge.

694
00:31:14,680 --> 00:31:16,959
Speaker 3: He spent a lot of money on pickball, pickle ball stuff.

695
00:31:17,320 --> 00:31:19,440
Speaker 3: And I think he's got like the really nice paddle.

696
00:31:19,520 --> 00:31:22,160
Speaker 3: He's nationally ranked. He really he was really into it.

697
00:31:22,240 --> 00:31:24,360
Speaker 2: He was a guy who wrote the book with doctor

698
00:31:24,400 --> 00:31:28,200
Speaker 2: Brad Klantz, remember, and he and he had like a

699
00:31:28,240 --> 00:31:30,520
Speaker 2: pickleball court like in house.

700
00:31:30,720 --> 00:31:30,960
Speaker 1: Yeah.

701
00:31:32,520 --> 00:31:35,080
Speaker 2: Different level, yes right there, which I still have yet

702
00:31:35,160 --> 00:31:37,560
Speaker 2: to really partake. I want to, Okay, but there was.

703
00:31:37,920 --> 00:31:40,840
Speaker 2: I just saw an article about like high end running

704
00:31:40,880 --> 00:31:45,960
Speaker 2: gear and it just like not just fancy shirt, like

705
00:31:45,960 --> 00:31:48,120
Speaker 2: a forty dollars shirt or shorts or something like that,

706
00:31:48,200 --> 00:31:52,400
Speaker 2: but the people running in like Kashmir, like cashmere running

707
00:31:52,400 --> 00:31:55,560
Speaker 2: sweaters are apparently a thing now. I looked up to

708
00:31:55,600 --> 00:31:57,560
Speaker 2: see what the price was, two hundred and fifty five

709
00:31:57,600 --> 00:32:00,640
Speaker 2: dollars matt for this Kashmir running sweater.

710
00:32:00,680 --> 00:32:01,520
Speaker 1: It's pretty expensive.

711
00:32:01,640 --> 00:32:04,160
Speaker 2: Just makes me think of that that's Seinfeld episode. It's

712
00:32:04,240 --> 00:32:07,480
Speaker 2: kashme or Georgie Porgy. But I don't know, man, I

713
00:32:07,480 --> 00:32:10,880
Speaker 2: think the am I glad they exist. I guess in

714
00:32:10,920 --> 00:32:14,600
Speaker 2: some ways I'm glad some of these high end stores

715
00:32:14,640 --> 00:32:14,840
Speaker 2: and that.

716
00:32:14,880 --> 00:32:17,080
Speaker 1: They're free market man there to buy it.

717
00:32:17,160 --> 00:32:19,320
Speaker 2: And you know what, I'm just here to say that

718
00:32:19,360 --> 00:32:21,520
Speaker 2: I refuse to buy at the Kashmir running sweater.

719
00:32:21,640 --> 00:32:24,440
Speaker 3: Well, I mean, let's be honest, how much with two

720
00:32:24,480 --> 00:32:26,160
Speaker 3: fifty like that's like list price.

721
00:32:26,280 --> 00:32:27,200
Speaker 1: You would never buy to that.

722
00:32:27,240 --> 00:32:30,960
Speaker 3: But if it went on significant sale, considering like how

723
00:32:31,040 --> 00:32:32,760
Speaker 3: much do you spend on a pair of shoes.

724
00:32:32,720 --> 00:32:36,400
Speaker 1: Like, oh about which sixty bucks? Seventy bucks? Like a

725
00:32:36,400 --> 00:32:38,240
Speaker 1: lot of people are spending one hundred dollars easy?

726
00:32:38,520 --> 00:32:40,480
Speaker 2: Right, Oh for sure, I mean especially with the that's

727
00:32:40,480 --> 00:32:42,520
Speaker 2: another thing, right, the high end running shoes, Well you

728
00:32:42,560 --> 00:32:44,200
Speaker 2: double that if you get something with like the carbon

729
00:32:44,240 --> 00:32:44,800
Speaker 2: plate in it.

730
00:32:45,680 --> 00:32:48,239
Speaker 1: And how long are your shoes going to last? You

731
00:32:48,680 --> 00:32:50,400
Speaker 1: like a pair of shoes that you buy, Yeah, because

732
00:32:50,440 --> 00:32:52,400
Speaker 1: I would I would argue that, I would dare to

733
00:32:52,480 --> 00:32:54,360
Speaker 1: venture that you would say, well, shoes are necessary, man,

734
00:32:54,440 --> 00:32:55,760
Speaker 1: like that's what you need to get out there.

735
00:32:55,840 --> 00:32:59,719
Speaker 3: I would say that, but cashmere sweaters are not. But

736
00:33:00,240 --> 00:33:02,760
Speaker 3: how long is that pair of shoes or the shoes

737
00:33:02,760 --> 00:33:05,360
Speaker 3: gonna last? She probably like three four months depending on

738
00:33:05,400 --> 00:33:07,840
Speaker 3: the mileage that you're throwing down right, like how often

739
00:33:07,880 --> 00:33:08,840
Speaker 3: do you change out your shoes?

740
00:33:08,840 --> 00:33:11,560
Speaker 1: Like I probably probably ever have a shooting for five miles.

741
00:33:12,120 --> 00:33:12,880
Speaker 1: I kind of play it.

742
00:33:13,120 --> 00:33:16,120
Speaker 3: I probably should, but yeah, you base it more on

743
00:33:16,160 --> 00:33:17,160
Speaker 3: the tread, how much tread is looking.

744
00:33:17,200 --> 00:33:17,960
Speaker 1: Yeah, that's kind of what I do.

745
00:33:18,200 --> 00:33:21,240
Speaker 3: Yeah, but you think about that, and it's just like, Okay,

746
00:33:21,240 --> 00:33:23,440
Speaker 3: I might cycle through three or four pairs of shoes

747
00:33:23,520 --> 00:33:26,600
Speaker 3: in a given year, whereas something like this, like something

748
00:33:26,640 --> 00:33:28,240
Speaker 3: like this, you take care of it. You can potentially

749
00:33:28,320 --> 00:33:29,800
Speaker 3: wear this for the rest of your life. And so

750
00:33:29,880 --> 00:33:32,560
Speaker 3: you also have the argument in that direction because like

751
00:33:32,600 --> 00:33:34,760
Speaker 3: I think about certain things that I bought as a

752
00:33:34,840 --> 00:33:38,920
Speaker 3: broke college student, Like I've got cap like Patagonia Kapeline

753
00:33:39,080 --> 00:33:42,520
Speaker 3: shirts that I bought over twenty years ago that I

754
00:33:42,560 --> 00:33:44,640
Speaker 3: still wear, Like that I'll literally wear running.

755
00:33:44,920 --> 00:33:45,680
Speaker 1: Kids will see me.

756
00:33:46,440 --> 00:33:48,680
Speaker 3: As like as a young buck and they're like, wait,

757
00:33:48,800 --> 00:33:52,240
Speaker 3: you still have that shirt. Sometimes I'm like literally wearing

758
00:33:52,240 --> 00:33:55,440
Speaker 3: it as they're looking at pictures on the computer or

759
00:33:55,480 --> 00:33:58,360
Speaker 3: something like that, And I'm just there's an argument to

760
00:33:58,480 --> 00:34:02,120
Speaker 3: made for high quality stuff like that. Yes, you say cashmere,

761
00:34:02,120 --> 00:34:05,040
Speaker 3: and it seems super exotic comes from the cashmir goat

762
00:34:05,400 --> 00:34:09,719
Speaker 3: off in Mongolia. It's maybe harder to justify that you

763
00:34:09,800 --> 00:34:10,640
Speaker 3: need that for running.

764
00:34:10,640 --> 00:34:12,320
Speaker 1: But you know, I'm not gonna.

765
00:34:12,080 --> 00:34:14,480
Speaker 3: Hate if there's folks out there and you want to

766
00:34:14,520 --> 00:34:18,680
Speaker 3: spend money on the nicest wool that is available to

767
00:34:18,719 --> 00:34:21,600
Speaker 3: you because it's so soft against your skin, it's like

768
00:34:22,160 --> 00:34:25,080
Speaker 3: much warmer than your traditional smart well. Shoot, what's how

769
00:34:25,160 --> 00:34:27,239
Speaker 3: much is like a smart wol base layer.

770
00:34:27,280 --> 00:34:29,320
Speaker 1: It's not cheap. It's not cheap like you're probably talking.

771
00:34:29,600 --> 00:34:31,919
Speaker 3: I got I've got some smart wolves and they're worth

772
00:34:31,920 --> 00:34:34,239
Speaker 3: the money. Yes, and so it's wonderful. So and that's

773
00:34:34,320 --> 00:34:36,040
Speaker 3: Marino and so that this is the next level.

774
00:34:36,080 --> 00:34:40,359
Speaker 1: Maybe I'm a hypocrite. I'm just saying. Maybe. I'm sure

775
00:34:40,360 --> 00:34:42,560
Speaker 1: there's a part of it that that ruffled your feathers.

776
00:34:42,960 --> 00:34:46,040
Speaker 2: Maybe the part it feels designer, I guess, and designer.

777
00:34:46,160 --> 00:34:46,960
Speaker 2: I feel like it's just.

778
00:34:46,880 --> 00:34:48,040
Speaker 1: Like getting out there and roughing it.

779
00:34:48,480 --> 00:34:51,279
Speaker 2: Yeah, like smart wolf feels like a basic necessity for

780
00:34:51,400 --> 00:34:55,320
Speaker 2: some endeavors. And and a cashmere running sweater it feels

781
00:34:55,560 --> 00:35:00,200
Speaker 2: feels like a designer purchase. That's that's not necessarily U is.

782
00:35:00,160 --> 00:35:02,560
Speaker 1: Gonna be wearing a cashmere by the end of the year.

783
00:35:02,640 --> 00:35:06,520
Speaker 3: Folks saying it, so please know, all right, shall we

784
00:35:06,560 --> 00:35:08,640
Speaker 3: keep let's let's keep talking about it, let's keep buying

785
00:35:08,640 --> 00:35:09,279
Speaker 3: stuff up.

786
00:35:09,640 --> 00:35:15,120
Speaker 2: Printers are typically really cheap to buy. But seeing at

787
00:35:15,120 --> 00:35:18,040
Speaker 2: Harden had an article about how expensive it is to

788
00:35:18,080 --> 00:35:20,480
Speaker 2: buy the ink for your printer, which is of course

789
00:35:20,680 --> 00:35:24,040
Speaker 2: incredibly true, right that the printer itself is often reasonably priced.

790
00:35:24,080 --> 00:35:25,920
Speaker 2: But then when you place the cartridges, you just want

791
00:35:25,960 --> 00:35:28,880
Speaker 2: to punch yourself in the face. And the printer companies

792
00:35:28,880 --> 00:35:32,480
Speaker 2: are essentially taking the razor approach get people in the door,

793
00:35:32,680 --> 00:35:36,080
Speaker 2: so theyt's spend ridiculous sums on the replacement blades. The

794
00:35:36,680 --> 00:35:39,040
Speaker 2: printer manufacturers is doing that exact same thing. They're even

795
00:35:39,120 --> 00:35:41,920
Speaker 2: selling the printer itself at a loss so much of

796
00:35:41,960 --> 00:35:44,000
Speaker 2: the time. Yeah, so they can get you in the door.

797
00:35:44,680 --> 00:35:46,400
Speaker 2: You're like forty bucks for a printer.

798
00:35:46,320 --> 00:35:49,080
Speaker 3: All right, Yeah, it's a subsidized printer that is being

799
00:35:49,080 --> 00:35:52,440
Speaker 3: subsidized by folks who are heavy printers. Yes, heavy, heavy,

800
00:35:52,480 --> 00:35:55,239
Speaker 3: heavy printer users. So the best case scenario, you are

801
00:35:55,239 --> 00:35:58,000
Speaker 3: somebody who needs a printer at home, but you barely

802
00:35:58,080 --> 00:35:58,399
Speaker 3: use it.

803
00:35:58,440 --> 00:36:01,799
Speaker 2: And then because of the proprietary nature of the print cartridges,

804
00:36:01,960 --> 00:36:05,080
Speaker 2: it can be hard to find a third party seller

805
00:36:05,360 --> 00:36:08,080
Speaker 2: like that maybe it actually works where the printer carter

806
00:36:08,200 --> 00:36:11,520
Speaker 2: is actually does a good job for you. So you're like,

807
00:36:11,640 --> 00:36:13,000
Speaker 2: I got to get the name brand, I guess on

808
00:36:13,040 --> 00:36:15,759
Speaker 2: this thing, which is tough, and it feels crappy to

809
00:36:15,760 --> 00:36:17,640
Speaker 2: throw away a printer because the ink is so expensive.

810
00:36:17,680 --> 00:36:20,280
Speaker 2: So we just kind of succumb to the perpetual cycle.

811
00:36:20,320 --> 00:36:22,920
Speaker 2: And the recipe for success, according to c net is

812
00:36:22,960 --> 00:36:25,759
Speaker 2: to use a few different things. They suggested use high

813
00:36:25,800 --> 00:36:28,879
Speaker 2: yield cartridges or buy a printer with refillable ink, which

814
00:36:28,960 --> 00:36:31,720
Speaker 2: is my favorite suggestion. There's like a couple of different brands.

815
00:36:31,719 --> 00:36:35,040
Speaker 2: There's the epsom Eco tank, and there's the Brother Ink Vestment,

816
00:36:35,840 --> 00:36:39,240
Speaker 2: and then just like print less in color, and consider

817
00:36:39,320 --> 00:36:41,520
Speaker 2: laser printers that's what we have here at the office,

818
00:36:41,520 --> 00:36:45,239
Speaker 2: which are great too. But yeah, it just might even

819
00:36:45,239 --> 00:36:46,600
Speaker 2: be cheaper, by the way, in the long run to

820
00:36:46,640 --> 00:36:49,960
Speaker 2: get a new printer as opposed to just buying overly

821
00:36:50,040 --> 00:36:51,279
Speaker 2: expensive ink on the rag.

822
00:36:51,760 --> 00:36:53,160
Speaker 1: Yeah, and just to plan for it.

823
00:36:53,200 --> 00:36:54,839
Speaker 3: Like, you know what this makes me think of is

824
00:36:55,160 --> 00:36:57,839
Speaker 3: credit score, Like this credit scoring system like this, it's

825
00:36:57,880 --> 00:37:00,040
Speaker 3: just how it is. It's how they have created this

826
00:37:00,160 --> 00:37:03,879
Speaker 3: sort of this market and there aren't real great alternative

827
00:37:03,880 --> 00:37:05,880
Speaker 3: solutions to it as opposed to It's funny because you

828
00:37:05,920 --> 00:37:08,960
Speaker 3: mentioned the like the razor model, like the Gellette, right,

829
00:37:09,040 --> 00:37:11,320
Speaker 3: they get you with a free handle you turn sixteen

830
00:37:11,440 --> 00:37:14,719
Speaker 3: or you turn eighteen. I literally literally remember getting.

831
00:37:14,600 --> 00:37:17,160
Speaker 1: This in the mail. Yeah, the razor in the mail,

832
00:37:17,840 --> 00:37:18,640
Speaker 1: and all of.

833
00:37:18,640 --> 00:37:20,640
Speaker 3: A sudden they've got a customer for life, or so

834
00:37:20,760 --> 00:37:22,960
Speaker 3: they thought, because guess what I'm not using now is

835
00:37:23,000 --> 00:37:26,839
Speaker 3: a Gillette. I'm not I'm not even using a Harry's razor.

836
00:37:26,920 --> 00:37:30,920
Speaker 3: Did we talk about my foray into the safety razors? Okay,

837
00:37:31,000 --> 00:37:33,880
Speaker 3: so yes, I've been dude, that is the solution. And

838
00:37:34,040 --> 00:37:37,400
Speaker 3: I've got the safety raiser, the luminum handle so well designed,

839
00:37:37,480 --> 00:37:41,759
Speaker 3: I freaking love it. And the blades well, well, first

840
00:37:41,760 --> 00:37:44,040
Speaker 3: of all, I'm still using like the starter kit that

841
00:37:44,080 --> 00:37:46,279
Speaker 3: came with a razor. I've only changed the blades like

842
00:37:46,320 --> 00:37:49,000
Speaker 3: three times since last summer. But you can get like

843
00:37:49,040 --> 00:37:51,400
Speaker 3: a tenpact for seven bucks, so it's less than a

844
00:37:51,520 --> 00:37:54,480
Speaker 3: dollar a blade. And I don't shave a ton. I'm not,

845
00:37:54,520 --> 00:37:56,320
Speaker 3: you know, not working in some sort of corporate setting,

846
00:37:56,320 --> 00:37:58,680
Speaker 3: but I shave a decent amount. But literally, I've only

847
00:37:58,760 --> 00:38:01,160
Speaker 3: changed the blades three times since last summer. I think

848
00:38:01,160 --> 00:38:03,960
Speaker 3: that is a great solution for folks, and I don't know, worth,

849
00:38:04,400 --> 00:38:06,040
Speaker 3: maybe the opposite of the print of model right, where

850
00:38:06,040 --> 00:38:08,160
Speaker 3: you're paying a little bit more upfront for a nice,

851
00:38:08,320 --> 00:38:10,719
Speaker 3: high quality handle, and then you're paying absolutely nothing for

852
00:38:10,760 --> 00:38:12,799
Speaker 3: these blades and getting a wonderful shave.

853
00:38:12,960 --> 00:38:13,200
Speaker 1: Yeah.

854
00:38:13,280 --> 00:38:15,560
Speaker 2: So all right, Last, but not least, let's talk about

855
00:38:15,760 --> 00:38:19,880
Speaker 2: the Apple new Apple products that they launched.

856
00:38:19,920 --> 00:38:21,719
Speaker 1: I love it. What do you think? They're affordable? That's

857
00:38:21,719 --> 00:38:23,200
Speaker 1: what's so great. So the Apple needs that.

858
00:38:23,200 --> 00:38:25,880
Speaker 2: The first time Apple and affordability can be put in

859
00:38:25,880 --> 00:38:27,080
Speaker 2: the same sentence, I feel.

860
00:38:26,840 --> 00:38:28,799
Speaker 3: Like, yeah, yeah, so obviously I like it. You know,

861
00:38:29,120 --> 00:38:31,200
Speaker 3: we can talk about from a financial angle. But what

862
00:38:31,280 --> 00:38:33,560
Speaker 3: I think, what I like most about it is the

863
00:38:33,600 --> 00:38:37,640
Speaker 3: fact that they there seems to be a focus on

864
00:38:38,400 --> 00:38:42,040
Speaker 3: creation as opposed to consumption. And I'm sure there's right

865
00:38:42,080 --> 00:38:44,520
Speaker 3: and so like typically on a desktop computer or a

866
00:38:44,560 --> 00:38:47,040
Speaker 3: laptop with with a full keyboard, like that is the

867
00:38:47,120 --> 00:38:49,319
Speaker 3: kind of device that you create on, as opposed to

868
00:38:49,360 --> 00:38:52,040
Speaker 3: an iPhone or an iPad, which are there are a

869
00:38:52,120 --> 00:38:54,200
Speaker 3: lot I mean, I know there's gonna be folks who

870
00:38:54,200 --> 00:38:56,200
Speaker 3: are gonna push back and say, guys, I make my

871
00:38:56,320 --> 00:38:59,600
Speaker 3: living using my phone, and that's great. The vast majority

872
00:38:59,640 --> 00:39:02,719
Speaker 3: of people who are working are much more productive on

873
00:39:02,800 --> 00:39:06,840
Speaker 3: a laptop on a desktop. Students who are learning and creating,

874
00:39:07,080 --> 00:39:08,080
Speaker 3: they're on laptops.

875
00:39:08,280 --> 00:39:09,360
Speaker 1: And I just like what.

876
00:39:09,719 --> 00:39:12,319
Speaker 3: It's almost like Apple drew a line in the sand

877
00:39:12,320 --> 00:39:13,799
Speaker 3: and they're like, you know what, We're going to start

878
00:39:13,800 --> 00:39:19,400
Speaker 3: focusing more on creating a productive culture here as opposed

879
00:39:19,440 --> 00:39:23,320
Speaker 3: to a culture that's just hooked on their devices mindlessly consuming.

880
00:39:23,680 --> 00:39:26,279
Speaker 3: Maybe I'm reading into it much more, but I just

881
00:39:26,400 --> 00:39:28,000
Speaker 3: like that sort of pivot that there is now an

882
00:39:28,000 --> 00:39:31,320
Speaker 3: affordable option that is also powered by So it's powered

883
00:39:31,320 --> 00:39:34,120
Speaker 3: by like the iPhone chip, which is one of the

884
00:39:34,120 --> 00:39:36,040
Speaker 3: potential criticisms that are like is it going to be

885
00:39:36,040 --> 00:39:39,759
Speaker 3: strong enough to be able to operate this laptop? But

886
00:39:39,840 --> 00:39:41,719
Speaker 3: I mean that's essentially what the chromebooks are, right Like

887
00:39:41,760 --> 00:39:45,240
Speaker 3: they're being powered by these well my power that'ship.

888
00:39:45,400 --> 00:39:48,160
Speaker 2: This is this is like set up to attack, is

889
00:39:48,200 --> 00:39:52,320
Speaker 2: to totally get chromebooks Dell and say lay down. And

890
00:39:52,840 --> 00:39:55,400
Speaker 2: this is this is where Apple has not done well

891
00:39:55,520 --> 00:40:00,000
Speaker 2: over the years. Is they've done really nice, solid product.

892
00:40:00,640 --> 00:40:03,560
Speaker 2: They're fairly expensive and that lasts for a long time,

893
00:40:03,600 --> 00:40:07,160
Speaker 2: and so maybe they're they're high value products, but this

894
00:40:07,560 --> 00:40:09,399
Speaker 2: could be a high value product at a much lower

895
00:40:09,400 --> 00:40:12,319
Speaker 2: price point that really eats into the market share of

896
00:40:12,320 --> 00:40:14,359
Speaker 2: a lot of other competitors. And I think, like I

897
00:40:14,400 --> 00:40:16,000
Speaker 2: was just looking at the specs and some of the

898
00:40:16,040 --> 00:40:19,080
Speaker 2: reviews of this this laptop they just announced the Neo

899
00:40:19,520 --> 00:40:21,600
Speaker 2: six hundred dollars is the starting price, and then you

900
00:40:21,640 --> 00:40:25,360
Speaker 2: get seven hundred dollars, you get like some real meaningful

901
00:40:25,400 --> 00:40:26,200
Speaker 2: additional perks.

902
00:40:26,320 --> 00:40:26,920
Speaker 1: I was telling you too.

903
00:40:26,920 --> 00:40:28,839
Speaker 3: If you get it on the via the Education Store,

904
00:40:28,880 --> 00:40:30,920
Speaker 3: if you're a student, it starts at.

905
00:40:30,840 --> 00:40:33,400
Speaker 2: Five hundred dollars five hundred bucks man. That's an incredible

906
00:40:33,400 --> 00:40:35,640
Speaker 2: price point. That's really cool for a really good laptop.

907
00:40:35,800 --> 00:40:39,440
Speaker 2: And even the new seventeen eiphone they made some serious

908
00:40:39,520 --> 00:40:41,680
Speaker 2: updates to make that I think a lot more appealing

909
00:40:41,840 --> 00:40:45,040
Speaker 2: as an entry level six hundred dollars phone as well.

910
00:40:45,120 --> 00:40:49,160
Speaker 2: So I wasn't really expecting this from Apple to get

911
00:40:49,200 --> 00:40:51,840
Speaker 2: the price point down so low on something that seems

912
00:40:51,880 --> 00:40:54,279
Speaker 2: still like a really, really good offering. I could see

913
00:40:54,280 --> 00:40:57,560
Speaker 2: this laptop becoming their best selling laptop in a couple

914
00:40:57,600 --> 00:40:59,480
Speaker 2: of years. Sure, yeah, And I do absolutely like the

915
00:40:59,480 --> 00:41:02,120
Speaker 2: direction that they're going with this so all right, well done,

916
00:41:02,160 --> 00:41:02,920
Speaker 2: tim Apple.

917
00:41:04,200 --> 00:41:06,799
Speaker 1: Old tim Apple. All right, that's gonna be it for

918
00:41:06,880 --> 00:41:10,080
Speaker 1: this Friday flight. We hope everyone has a fantastic weekend.

919
00:41:10,480 --> 00:41:12,359
Speaker 1: We'll see you back here on Monday. So until next time,

920
00:41:12,520 --> 00:41:14,680
Speaker 1: best friends out, Best friends Out,