1 00:00:00,120 --> 00:00:02,600 Speaker 1: Welcome to How the Money. I'm Joel and I am Matt. 2 00:00:02,840 --> 00:00:25,599 Speaker 1: Today we're discussing money chores to crush during Quarantine Edel. 3 00:00:25,640 --> 00:00:27,720 Speaker 1: The things that we're gonna talk about on this episode, 4 00:00:27,760 --> 00:00:31,560 Speaker 1: aren't they that the big sexy personal finance topics that 5 00:00:31,600 --> 00:00:34,360 Speaker 1: people want to hear about. These These are going to 6 00:00:34,440 --> 00:00:36,800 Speaker 1: be more like sort of the drudgery items that that 7 00:00:36,880 --> 00:00:39,920 Speaker 1: people don't tend to put high on their list of 8 00:00:40,000 --> 00:00:41,840 Speaker 1: to do things. That's all I'm called the money chores. 9 00:00:42,080 --> 00:00:44,320 Speaker 1: They're their chores, Like people aren't really excited to do 10 00:00:44,360 --> 00:00:47,160 Speaker 1: their chores. But by doing these tasks right, like these chores, 11 00:00:47,200 --> 00:00:50,440 Speaker 1: it will allow us to streamline our money, you know, 12 00:00:50,479 --> 00:00:52,599 Speaker 1: for us to become more efficient. There's gonna be less 13 00:00:52,640 --> 00:00:54,160 Speaker 1: waste in our life when it comes to the money 14 00:00:54,160 --> 00:00:56,760 Speaker 1: that we're spending, the money that we're investing. We're gonna 15 00:00:56,760 --> 00:00:59,120 Speaker 1: talk about just all the different ways that we can 16 00:00:59,200 --> 00:01:03,400 Speaker 1: be more fishing, buy crushing these money chores, yeah, and 17 00:01:03,440 --> 00:01:06,080 Speaker 1: doing the things that normally we wouldn't do unless our 18 00:01:06,120 --> 00:01:08,920 Speaker 1: mom told us to write. So I guess that's that's 19 00:01:08,959 --> 00:01:11,280 Speaker 1: kind of the role that we're taking, right. We're gonna 20 00:01:11,280 --> 00:01:13,479 Speaker 1: be your mom for this episode and We're gonna get 21 00:01:13,480 --> 00:01:15,600 Speaker 1: after you because you haven't done these things that you 22 00:01:15,640 --> 00:01:17,280 Speaker 1: really need to do. You've been putting these things off 23 00:01:17,400 --> 00:01:19,880 Speaker 1: four years. Yeah, time out it's coming soon if you 24 00:01:19,920 --> 00:01:22,000 Speaker 1: don't shape up. I don't know. We can't keep we 25 00:01:22,040 --> 00:01:25,080 Speaker 1: can't put listeners in time out. Does that look like? Yeah, 26 00:01:25,120 --> 00:01:26,880 Speaker 1: they kind of already are in time out right, We're 27 00:01:26,880 --> 00:01:28,600 Speaker 1: all in time out. We're all in quarantine right now. 28 00:01:29,200 --> 00:01:31,280 Speaker 1: So that that's again, these are the things because we 29 00:01:31,319 --> 00:01:33,800 Speaker 1: have some extra downtime. Let's tackle some of these mundane 30 00:01:33,840 --> 00:01:36,440 Speaker 1: tasks now. Before we get to that, I wanted to 31 00:01:36,480 --> 00:01:38,920 Speaker 1: talk about something else real quick, and a couple of 32 00:01:38,959 --> 00:01:41,920 Speaker 1: our favorite things eggs, beer and well we love beer. Okay, 33 00:01:41,920 --> 00:01:43,800 Speaker 1: we'll get to that in a second. Eggs and rice. 34 00:01:43,920 --> 00:01:46,320 Speaker 1: We both eat a lot of eggs and rice. And 35 00:01:46,600 --> 00:01:48,120 Speaker 1: do you guys eat a lot of a lot of rice? 36 00:01:48,240 --> 00:01:50,520 Speaker 1: I mean, I would say average American amount of rice, 37 00:01:50,560 --> 00:01:52,919 Speaker 1: but more more than an average American amount of eggs? 38 00:01:53,040 --> 00:01:54,960 Speaker 1: How many? How many eggs do you think you'll go through? 39 00:01:55,040 --> 00:01:56,720 Speaker 1: I think we throw down maybe about eight eggs, like 40 00:01:57,160 --> 00:02:00,880 Speaker 1: here that Kate has to I have to are seven 41 00:02:00,920 --> 00:02:04,440 Speaker 1: month olds eating a full egg by himself? Yeah? One 42 00:02:04,440 --> 00:02:06,400 Speaker 1: of our daughters, he also eats two eggs and the 43 00:02:06,480 --> 00:02:09,000 Speaker 1: other two just have a single egg. So that's yeah, 44 00:02:09,000 --> 00:02:12,080 Speaker 1: two four, six eight eggs. That's that's a lot of eggs. 45 00:02:12,200 --> 00:02:14,960 Speaker 1: So when you not to mention making other things, you know, 46 00:02:15,200 --> 00:02:18,080 Speaker 1: baking stuff like that, so I would say, yeah, roughly 47 00:02:18,680 --> 00:02:21,000 Speaker 1: eight to ten eggs a day. And egg prices have 48 00:02:21,240 --> 00:02:23,960 Speaker 1: basically tripled over the last few weeks. Not only have 49 00:02:24,000 --> 00:02:26,519 Speaker 1: we seen the demand for eggs surge because I guess 50 00:02:26,520 --> 00:02:28,360 Speaker 1: more folks are just at home cooking their own food 51 00:02:28,360 --> 00:02:30,320 Speaker 1: and they everybody's like, well, I know how to make eggs, 52 00:02:31,400 --> 00:02:34,480 Speaker 1: but the supply for eggs is also dropped a little bit, 53 00:02:34,520 --> 00:02:37,800 Speaker 1: and so you know, you have increased demand with decreased supply, 54 00:02:37,960 --> 00:02:40,840 Speaker 1: and that means prices are skyrocketing for US consumers. Yeah. 55 00:02:40,840 --> 00:02:43,720 Speaker 1: I was interested to see too that grocery stores, oftentimes 56 00:02:43,760 --> 00:02:46,800 Speaker 1: for main staple items like eggs, like milk, when the 57 00:02:46,800 --> 00:02:49,840 Speaker 1: prices fluctuate or go up in a big way, grocery 58 00:02:49,840 --> 00:02:53,040 Speaker 1: stores are often willing to sell at a loss because 59 00:02:53,120 --> 00:02:55,000 Speaker 1: that gets you in the door. The low price on 60 00:02:55,040 --> 00:02:57,480 Speaker 1: eggs or low price on milk is something that people 61 00:02:57,560 --> 00:03:00,560 Speaker 1: remember quite vividly in their minds. And so they say, 62 00:03:00,600 --> 00:03:03,200 Speaker 1: you know what, Kroger or Publix or wherever you shop, 63 00:03:03,600 --> 00:03:05,200 Speaker 1: they had a really good price on milk, I'm gonna 64 00:03:05,240 --> 00:03:07,400 Speaker 1: go back there, and then you end up doing more 65 00:03:07,440 --> 00:03:09,280 Speaker 1: of your shopping there. So a lot of grocery stores 66 00:03:09,320 --> 00:03:11,840 Speaker 1: are taking me loss right now, selling eggs for less 67 00:03:11,880 --> 00:03:14,399 Speaker 1: than what they're actually paying to buy the eggs, which 68 00:03:14,440 --> 00:03:16,200 Speaker 1: is crazy to think that they're paying more than what 69 00:03:16,200 --> 00:03:19,079 Speaker 1: we're actually paying, right, what we're paying for them, right. Yeah, 70 00:03:19,160 --> 00:03:21,120 Speaker 1: I've already noticed. I told him only the other day 71 00:03:21,120 --> 00:03:23,280 Speaker 1: a spike on egg prices at the store that we 72 00:03:23,360 --> 00:03:25,919 Speaker 1: normally shop at. So we definitely have been eating fewer 73 00:03:25,960 --> 00:03:29,160 Speaker 1: eggs because of that, because they're still cheap. Sensitive Yeah, 74 00:03:29,200 --> 00:03:30,600 Speaker 1: but when you think about it, they're still cheap. I 75 00:03:30,600 --> 00:03:32,800 Speaker 1: mean eggs for what they are, like a lot of nutrition, 76 00:03:32,800 --> 00:03:34,600 Speaker 1: a lot of protein gets you filled up, gets you 77 00:03:34,639 --> 00:03:36,280 Speaker 1: set for the day. But you know, I haven't been 78 00:03:36,280 --> 00:03:38,240 Speaker 1: eating breakfast over the past few months, so that's true. 79 00:03:38,280 --> 00:03:40,160 Speaker 1: I know you're weird. I'm starting I'm doing that little 80 00:03:40,240 --> 00:03:42,800 Speaker 1: Keto thing where where I'm like gonna do the intermittent fastings. 81 00:03:42,800 --> 00:03:45,040 Speaker 1: Do we have to get into weird dieting techniques here? No, 82 00:03:45,200 --> 00:03:47,920 Speaker 1: it's that weird. Okay, but there's a lot of folks 83 00:03:47,920 --> 00:03:49,680 Speaker 1: listening to who are into it. Okay, but I like 84 00:03:49,760 --> 00:03:52,920 Speaker 1: eggs though. Did you ever read, uh was it Scrambled 85 00:03:52,920 --> 00:03:56,280 Speaker 1: Eggs Super dr SEUs book? I did not? You never 86 00:03:56,320 --> 00:03:58,040 Speaker 1: did as a kid. Oh man, that was by far 87 00:03:58,120 --> 00:03:59,800 Speaker 1: my favorite. I forget what it was all about. But 88 00:04:00,040 --> 00:04:02,400 Speaker 1: there's just all these birds and every page was just 89 00:04:02,680 --> 00:04:06,160 Speaker 1: eggs and birds on nests and eggs everywhere and super cool. Nice, 90 00:04:06,200 --> 00:04:07,680 Speaker 1: Well it sounds cute. Look it up. I bet your 91 00:04:07,680 --> 00:04:09,600 Speaker 1: girls I love it. Yeah, you're probably right, all right, 92 00:04:09,600 --> 00:04:11,080 Speaker 1: but yeah, just word of the wise out there, if 93 00:04:11,080 --> 00:04:13,400 Speaker 1: you're picking up your staples, your rice and your eggs, 94 00:04:13,440 --> 00:04:15,640 Speaker 1: they're gonna cost a little bit more right now. But Matt, 95 00:04:15,720 --> 00:04:17,360 Speaker 1: let's get onto the beer that we're having on the show, 96 00:04:17,400 --> 00:04:19,560 Speaker 1: because we love beer just as much, if not more, 97 00:04:19,800 --> 00:04:22,240 Speaker 1: than we like eggs and rice, and uh yet, the 98 00:04:22,240 --> 00:04:24,120 Speaker 1: beer we're having on the show today is called Adam Beer. 99 00:04:24,200 --> 00:04:26,360 Speaker 1: It's by Crooked Stave And thanks for our friends and 100 00:04:26,400 --> 00:04:28,480 Speaker 1: Crooked Stave, they sent us this beer. Really kind of 101 00:04:28,480 --> 00:04:30,080 Speaker 1: im looking forward to having this one on the show 102 00:04:30,120 --> 00:04:31,880 Speaker 1: with you today, man. And it's not just Adam beer. 103 00:04:31,960 --> 00:04:36,240 Speaker 1: It's like Adam beer, like it's all it's written together 104 00:04:36,320 --> 00:04:38,359 Speaker 1: and it's kind of got the German spelling b I 105 00:04:38,480 --> 00:04:40,680 Speaker 1: e R. And so we'll talk about the style of 106 00:04:40,680 --> 00:04:42,240 Speaker 1: this beer as well as what we think about it 107 00:04:42,279 --> 00:04:44,880 Speaker 1: at the end of this episode. Yeah, Matt, for now 108 00:04:44,960 --> 00:04:46,880 Speaker 1: onto the topic of hand. We're talking about money chores 109 00:04:46,920 --> 00:04:50,520 Speaker 1: to crush during quarantine and most of us, almost all 110 00:04:50,600 --> 00:04:53,160 Speaker 1: of us, are confined to our homes right now, and 111 00:04:53,440 --> 00:04:55,840 Speaker 1: even if your state or local government hasn't made an 112 00:04:55,839 --> 00:04:58,800 Speaker 1: official order, it's likely you've found yourself in your home 113 00:04:59,000 --> 00:05:00,600 Speaker 1: trying to figure out what to do with the extra 114 00:05:00,600 --> 00:05:03,560 Speaker 1: time on your hands. And we would never suggest right 115 00:05:03,640 --> 00:05:05,920 Speaker 1: that you use all of that additional time to work 116 00:05:05,920 --> 00:05:08,600 Speaker 1: on your personal finances. But good, but you could, I mean, 117 00:05:08,640 --> 00:05:10,120 Speaker 1: if you want to be a total money nerd and 118 00:05:10,400 --> 00:05:12,160 Speaker 1: crush it, if you want to use the class, if 119 00:05:12,160 --> 00:05:14,440 Speaker 1: you want an A plus in Matt and Joel's Personal 120 00:05:14,480 --> 00:05:16,919 Speaker 1: Finance class, you'll use all of that time judiciously to 121 00:05:16,920 --> 00:05:18,920 Speaker 1: work on your finances. But no, we would never even 122 00:05:18,960 --> 00:05:21,200 Speaker 1: suggest that, but it could be helpful to use at 123 00:05:21,279 --> 00:05:24,200 Speaker 1: least some of that time to work on some financial 124 00:05:24,240 --> 00:05:26,440 Speaker 1: matters that typically get swept under the rug that we 125 00:05:26,480 --> 00:05:29,160 Speaker 1: forget about altogether. So today on the show, we're gonna 126 00:05:29,160 --> 00:05:31,120 Speaker 1: talk about some of the boring everyday money stuff, the 127 00:05:31,200 --> 00:05:33,880 Speaker 1: kind of moves you can make that don't necessarily appear 128 00:05:33,960 --> 00:05:36,839 Speaker 1: like they're going to move the needle in a major way, 129 00:05:37,120 --> 00:05:39,920 Speaker 1: but you know what, they're helpful. Nonetheless, they're really important. Yeah. 130 00:05:39,960 --> 00:05:41,760 Speaker 1: Then the reasons that we've put these things off though, 131 00:05:41,839 --> 00:05:44,480 Speaker 1: is because they are not absolutely necessary in our day 132 00:05:44,480 --> 00:05:47,120 Speaker 1: to day financial lives, right, Like they're more of these secondary, 133 00:05:47,279 --> 00:05:50,279 Speaker 1: tertiary items, Like up until now, we've we've been able 134 00:05:50,279 --> 00:05:52,920 Speaker 1: to get by, But if we put forth the effort 135 00:05:52,920 --> 00:05:55,000 Speaker 1: now and give it a little more time, we're going 136 00:05:55,080 --> 00:05:57,360 Speaker 1: to be in a much better position down the road. 137 00:05:57,920 --> 00:05:59,599 Speaker 1: And the fact is, Joel, just like you mentioned a 138 00:05:59,640 --> 00:06:02,320 Speaker 1: lot of like we do have extra time on our hands. 139 00:06:02,320 --> 00:06:04,160 Speaker 1: Like I've I've seen my neighbors taking care of the 140 00:06:04,279 --> 00:06:07,160 Speaker 1: yards at a level I've never seen before. I Mean, 141 00:06:07,200 --> 00:06:09,440 Speaker 1: we are out in our garden almost every single day now, 142 00:06:09,720 --> 00:06:11,400 Speaker 1: and it's probably time for us to go ahead and 143 00:06:11,400 --> 00:06:14,000 Speaker 1: take care of our financial gardens a little bit, right, 144 00:06:14,200 --> 00:06:16,200 Speaker 1: I like that, Yeah, pulling up some weeds, maybe spreecing 145 00:06:16,240 --> 00:06:18,640 Speaker 1: things up with some inexpensive flowers, maybe some tomatoes that 146 00:06:18,640 --> 00:06:20,839 Speaker 1: will pay dividends later this summer. How far can this 147 00:06:20,839 --> 00:06:23,960 Speaker 1: analogy go? No, it's true, I like that analogy, Matt. 148 00:06:24,040 --> 00:06:25,960 Speaker 1: We have these financial gardens and they need some tending, 149 00:06:26,160 --> 00:06:28,360 Speaker 1: and these are the tasks that typically we avoid. And 150 00:06:28,400 --> 00:06:30,720 Speaker 1: it does feel awesome to talk about the big things 151 00:06:30,760 --> 00:06:33,280 Speaker 1: like bick stocks on sale, getting a stimulus check and 152 00:06:33,360 --> 00:06:35,200 Speaker 1: what to do with it. Some of these money moves 153 00:06:35,240 --> 00:06:38,160 Speaker 1: feel a bit more like pulling teeth, so typically we 154 00:06:38,200 --> 00:06:40,360 Speaker 1: avoid them, Matt. I kind of like in this. Let's 155 00:06:40,400 --> 00:06:42,880 Speaker 1: give another analogy real quick, to going and getting your 156 00:06:42,920 --> 00:06:45,719 Speaker 1: annual physical from a doctor, and at a certain age, 157 00:06:45,760 --> 00:06:47,599 Speaker 1: a certain time in our lives. It's something that we 158 00:06:47,600 --> 00:06:49,919 Speaker 1: we should do. That's right, that we should do. That 159 00:06:49,960 --> 00:06:53,960 Speaker 1: doesn't mean I have gone and gotten a physical anytime recently, 160 00:06:54,839 --> 00:06:57,600 Speaker 1: have you? By the way, No, okay, this is an 161 00:06:57,600 --> 00:06:59,360 Speaker 1: area that we're probably gonna get a lot of flat 162 00:06:59,440 --> 00:07:03,120 Speaker 1: from our doctor listeners out there, and rightly so. But 163 00:07:03,440 --> 00:07:04,880 Speaker 1: this is an area we should take a dose of 164 00:07:04,880 --> 00:07:06,839 Speaker 1: our own medicine when it comes to kind of these 165 00:07:06,880 --> 00:07:09,040 Speaker 1: other areas of our life. Let me just focus on finance, 166 00:07:09,040 --> 00:07:12,080 Speaker 1: all right, See neither, Yeah, these are the things that 167 00:07:12,120 --> 00:07:13,920 Speaker 1: we think about quite a bit, and the other things 168 00:07:14,000 --> 00:07:15,280 Speaker 1: kind of fall by the wayside. And I'm like, as 169 00:07:15,320 --> 00:07:17,600 Speaker 1: long as I'm biking a few times a week's staying 170 00:07:17,600 --> 00:07:19,440 Speaker 1: relatively healthy, do I really need a physical But yeah, 171 00:07:19,440 --> 00:07:21,080 Speaker 1: I probably do, and I'm probably getting to the age 172 00:07:21,080 --> 00:07:22,640 Speaker 1: where I need to go in a little more frequently. 173 00:07:22,640 --> 00:07:25,480 Speaker 1: It's true. So yeah, similar to a physical not necessarily 174 00:07:25,600 --> 00:07:27,480 Speaker 1: something you want to do or that's even on your radar, 175 00:07:27,520 --> 00:07:30,320 Speaker 1: but something you probably should be doing. And these different 176 00:07:30,360 --> 00:07:32,960 Speaker 1: meaningful tasks and chores are things that we should consider, 177 00:07:33,120 --> 00:07:35,920 Speaker 1: you know, while we have some extra time on our hands. 178 00:07:36,160 --> 00:07:37,800 Speaker 1: Like if you don't have any children, you likely have 179 00:07:37,880 --> 00:07:39,760 Speaker 1: a ton of time, right, Like you're probably picking up 180 00:07:39,920 --> 00:07:42,840 Speaker 1: ten brain new hobbies because you have all this time 181 00:07:42,880 --> 00:07:45,160 Speaker 1: in your hands, or you've binge watched who can count 182 00:07:45,200 --> 00:07:46,880 Speaker 1: how many Netflix shows at this point, I don't need Yeah, 183 00:07:46,880 --> 00:07:48,560 Speaker 1: I don't want to hear about it. But if you 184 00:07:48,600 --> 00:07:51,080 Speaker 1: do have kids, like, believe me, we understand that it 185 00:07:51,080 --> 00:07:53,720 Speaker 1: can be exhausting to take care of the kids all day. 186 00:07:53,760 --> 00:07:56,800 Speaker 1: Since school has been out right, I give the Cataness 187 00:07:56,840 --> 00:07:59,600 Speaker 1: Everdeen hunger Game salutes. You know, it's all the parents 188 00:07:59,640 --> 00:08:02,559 Speaker 1: out there holding down the ford, especially with multiple kids, 189 00:08:02,600 --> 00:08:04,560 Speaker 1: Like it's super hard. But the thing is, though, like 190 00:08:04,600 --> 00:08:06,760 Speaker 1: we don't have after school meetings and we don't have 191 00:08:06,760 --> 00:08:09,400 Speaker 1: like kids soccer or even pro sports to watch. Our 192 00:08:09,520 --> 00:08:12,360 Speaker 1: evenings are wide open these days. I've never seen my 193 00:08:12,400 --> 00:08:15,960 Speaker 1: calendar so bare, and I've been loving it. It's time 194 00:08:16,240 --> 00:08:19,200 Speaker 1: to finally do some of these personal finance chores that 195 00:08:19,200 --> 00:08:21,080 Speaker 1: you've been putting off for years, with some of this 196 00:08:21,120 --> 00:08:23,800 Speaker 1: additional time you have, even if you do have kids. Yeah, Matt, 197 00:08:23,800 --> 00:08:25,280 Speaker 1: all right, so we're gonna get into some of those, 198 00:08:25,320 --> 00:08:27,520 Speaker 1: probably some that aren't even on your radar. We'll list 199 00:08:27,560 --> 00:08:30,040 Speaker 1: out the most important money towards you should be tackling 200 00:08:30,080 --> 00:08:42,000 Speaker 1: now right after the break. All right, Joel, we are 201 00:08:42,040 --> 00:08:44,199 Speaker 1: back from the break now, and we're gonna cover our 202 00:08:44,240 --> 00:08:47,440 Speaker 1: favorite money chores that we want our listeners to crush 203 00:08:47,840 --> 00:08:50,200 Speaker 1: during this quarantine. What was your least favorite regular shore 204 00:08:50,280 --> 00:08:52,880 Speaker 1: as a kid? I would say, Okay, so my parents 205 00:08:52,880 --> 00:08:55,200 Speaker 1: had a pool growing up, and one of my chores 206 00:08:55,400 --> 00:08:58,480 Speaker 1: was emptying the skimmer, and sometimes like frogs would would 207 00:08:58,640 --> 00:09:00,840 Speaker 1: fall into the pool and get sucked into there. And 208 00:09:00,880 --> 00:09:03,040 Speaker 1: so when you would empty the skimmer, what do I 209 00:09:03,120 --> 00:09:05,240 Speaker 1: smell really bad. And I used to hate that because 210 00:09:05,280 --> 00:09:07,599 Speaker 1: I don't know, I'm really sensitive to smells, so I 211 00:09:07,679 --> 00:09:09,360 Speaker 1: used to totally gross me out having to do that. 212 00:09:09,559 --> 00:09:11,360 Speaker 1: I would say that was my least favorite chore. So 213 00:09:11,520 --> 00:09:14,199 Speaker 1: that sounds rough, this kind of grass about you. I 214 00:09:14,280 --> 00:09:16,040 Speaker 1: really didn't like mowing the lawn. I didn't I taking 215 00:09:16,080 --> 00:09:18,680 Speaker 1: out the trash, but we just had this big yard 216 00:09:18,720 --> 00:09:20,280 Speaker 1: and they were always like sticks all over the place, 217 00:09:20,320 --> 00:09:22,719 Speaker 1: and so it was just this huge endeavor. Just the 218 00:09:22,760 --> 00:09:25,240 Speaker 1: way it sloped and the rockiness and everything. It just 219 00:09:25,480 --> 00:09:27,680 Speaker 1: it wasn't an ideal long to be cutting. And it 220 00:09:27,720 --> 00:09:29,480 Speaker 1: was a push more of course, like the old school push. 221 00:09:29,480 --> 00:09:32,160 Speaker 1: More so as a kid too. I think I probably 222 00:09:32,160 --> 00:09:33,800 Speaker 1: pretended that I couldn't start it a couple of times 223 00:09:35,200 --> 00:09:37,280 Speaker 1: and they loosened the spark plug a little bit. Yeah, 224 00:09:37,280 --> 00:09:40,640 Speaker 1: I don't know, and then my dad would be grudgingly 225 00:09:40,640 --> 00:09:43,079 Speaker 1: do it, or or he would like get it started 226 00:09:43,120 --> 00:09:44,439 Speaker 1: and be like all right, now it's now, it's good 227 00:09:44,480 --> 00:09:45,840 Speaker 1: to go. Go for it. Son. It's like, all right, 228 00:09:45,840 --> 00:09:47,559 Speaker 1: you're gonna go, buddy. I never liked mowing the lawn, 229 00:09:47,600 --> 00:09:49,160 Speaker 1: but now I love getting out there and doing it. Yea. 230 00:09:49,200 --> 00:09:51,480 Speaker 1: It wasn't my favorite either. But yeah, as an adults, 231 00:09:51,600 --> 00:09:54,480 Speaker 1: vacuuming and cutting the grass are two of the chores 232 00:09:54,520 --> 00:09:56,520 Speaker 1: that I do that actually I kind of enjoy because 233 00:09:56,520 --> 00:09:59,319 Speaker 1: it's disorganized and dirty and all haphazard and the grass 234 00:09:59,360 --> 00:10:01,520 Speaker 1: is long and you cut it and you know, you 235 00:10:01,559 --> 00:10:03,280 Speaker 1: can be very orderly about it, and you know, like 236 00:10:03,400 --> 00:10:05,360 Speaker 1: you make the lines off straight, and when you're all done, 237 00:10:05,480 --> 00:10:08,440 Speaker 1: it's it's this nice carpet of you know, play space 238 00:10:08,520 --> 00:10:10,800 Speaker 1: for the kids or in the backyard, in the front yard, 239 00:10:10,800 --> 00:10:14,119 Speaker 1: it's it's nice and smooth. You feel good about yourself afterwards. 240 00:10:14,320 --> 00:10:16,120 Speaker 1: And so I mean that's the feeling that we're going 241 00:10:16,160 --> 00:10:18,440 Speaker 1: for for our listeners, that if you tackle some of 242 00:10:18,440 --> 00:10:20,439 Speaker 1: these chores, that by the end of it, you can 243 00:10:20,480 --> 00:10:24,080 Speaker 1: emerge from your your quarantine cocoon feeling that you've accomplished 244 00:10:24,080 --> 00:10:26,000 Speaker 1: something versus, you know, feeling that you've just kind of 245 00:10:26,040 --> 00:10:28,600 Speaker 1: sat around. Yeah, exactly, so, Matt, I think the first 246 00:10:28,679 --> 00:10:31,319 Speaker 1: money schore we want people to tackle is to get 247 00:10:31,320 --> 00:10:33,080 Speaker 1: on top of their credit score. And there are a 248 00:10:33,080 --> 00:10:34,800 Speaker 1: few points on this we want to relay, but you 249 00:10:34,840 --> 00:10:36,840 Speaker 1: might not even know what your credit score is, even 250 00:10:36,840 --> 00:10:38,760 Speaker 1: though it's gotten a lot easier to find out. In 251 00:10:38,800 --> 00:10:41,440 Speaker 1: recent years, almost all the major credit card issuers have 252 00:10:41,559 --> 00:10:44,560 Speaker 1: some version of a credit score that they make available 253 00:10:44,600 --> 00:10:47,400 Speaker 1: to you. M X, Capital, One, Discover all have it 254 00:10:47,440 --> 00:10:50,280 Speaker 1: built into your account loggin, though it'll vary from card 255 00:10:50,280 --> 00:10:53,400 Speaker 1: to card since they use different scoring models. And Matt 256 00:10:53,440 --> 00:10:56,960 Speaker 1: I started using Discovers credit score website, the credit score Card, 257 00:10:57,040 --> 00:10:59,720 Speaker 1: right yeah, yeah, before I even had any sort of 258 00:10:59,720 --> 00:11:02,360 Speaker 1: other relationship with them. So for them, it was so smart. 259 00:11:02,400 --> 00:11:04,880 Speaker 1: They created this awesome website that gives you your credit 260 00:11:04,960 --> 00:11:07,679 Speaker 1: score information for free every single month. And then you 261 00:11:07,720 --> 00:11:09,400 Speaker 1: know what, I ended up opening a bank account with 262 00:11:09,440 --> 00:11:11,679 Speaker 1: them too. So yeah, free access to your credit score 263 00:11:11,960 --> 00:11:14,280 Speaker 1: is rampant and it's something that we should all have 264 00:11:14,360 --> 00:11:16,280 Speaker 1: our eye on for sure. And the reason you want 265 00:11:16,280 --> 00:11:18,320 Speaker 1: to pay attention to your credit score is because it 266 00:11:18,480 --> 00:11:21,880 Speaker 1: is so important, right. Your credit has a huge influence 267 00:11:21,920 --> 00:11:25,360 Speaker 1: over your financial life. It can help determine whether or 268 00:11:25,360 --> 00:11:27,720 Speaker 1: not you can get the lowest rate possible, maybe on 269 00:11:27,760 --> 00:11:29,960 Speaker 1: a mortgage refinance. It can also help you to save 270 00:11:30,040 --> 00:11:32,600 Speaker 1: hundreds on car and home insurance. Your credit score, for 271 00:11:32,640 --> 00:11:35,439 Speaker 1: better or worse, has a major impact on your money. 272 00:11:35,720 --> 00:11:38,360 Speaker 1: And so after you've found your credit score, the next 273 00:11:38,360 --> 00:11:39,880 Speaker 1: thing that you want to do is to check and 274 00:11:39,920 --> 00:11:42,520 Speaker 1: see what is maybe dragging it down if it is 275 00:11:42,520 --> 00:11:43,760 Speaker 1: a little bit lower than you want it to be, 276 00:11:44,000 --> 00:11:45,920 Speaker 1: and you can do that through a sitelight credit Karma 277 00:11:46,320 --> 00:11:47,880 Speaker 1: work to fix it. Right you want to get that 278 00:11:47,880 --> 00:11:50,840 Speaker 1: credit score up. Credit Carma does an excellent job helping 279 00:11:50,880 --> 00:11:54,920 Speaker 1: to see what factors are leading to a suboptimal score 280 00:11:55,160 --> 00:11:57,520 Speaker 1: to help you improve. If you have a score that 281 00:11:57,559 --> 00:12:00,640 Speaker 1: maybe is oddly low, check your credit reports at Annual 282 00:12:00,679 --> 00:12:02,760 Speaker 1: Credit report dot com. That way you can see what 283 00:12:02,920 --> 00:12:06,120 Speaker 1: negative information is being reported about you, and then you 284 00:12:06,120 --> 00:12:08,960 Speaker 1: can contest it with the credit bureaus. And again at 285 00:12:08,960 --> 00:12:10,840 Speaker 1: Annual Credit report dot com you can get a report 286 00:12:10,880 --> 00:12:13,240 Speaker 1: from one of the three bureaus once a year for 287 00:12:13,280 --> 00:12:16,080 Speaker 1: free and for me to the three bureaus. Yeah, exactly, 288 00:12:16,120 --> 00:12:17,640 Speaker 1: and one of the best ways if you really want 289 00:12:17,640 --> 00:12:19,800 Speaker 1: to stay on top of it and have the latest 290 00:12:19,880 --> 00:12:22,320 Speaker 1: up to date information, get a report from each one 291 00:12:22,320 --> 00:12:25,160 Speaker 1: of the different bureaus once every four months, right, and 292 00:12:25,160 --> 00:12:27,719 Speaker 1: so you can check in with trans Union, say January, 293 00:12:28,080 --> 00:12:30,719 Speaker 1: and then four months later you can check in with 294 00:12:30,840 --> 00:12:33,679 Speaker 1: Experience and get another report in May, and then another 295 00:12:33,720 --> 00:12:37,040 Speaker 1: four months later. You could get your Equifax report in 296 00:12:37,080 --> 00:12:39,960 Speaker 1: September and then just repeat that whole cycle the next year. 297 00:12:40,240 --> 00:12:41,880 Speaker 1: If you do all that, you know, like, that's not 298 00:12:41,880 --> 00:12:43,920 Speaker 1: gonna necessarily guarantee that you're going to have an awesome 299 00:12:43,960 --> 00:12:46,200 Speaker 1: credit score, but you're gonna be a pro at monitoring 300 00:12:46,200 --> 00:12:49,880 Speaker 1: your credit score. Yeah, exactly, And Matt another kind of 301 00:12:50,200 --> 00:12:53,640 Speaker 1: random chore in regards to your credit and actually not 302 00:12:53,720 --> 00:12:56,200 Speaker 1: even your credit, but your kids credit that you could 303 00:12:56,200 --> 00:12:58,320 Speaker 1: get done right now, right, you could take advantage of 304 00:12:58,320 --> 00:13:01,040 Speaker 1: this downtime and improve your AILDS credit if you have 305 00:13:01,040 --> 00:13:03,600 Speaker 1: a kid. So basically, if you have looked at your 306 00:13:03,600 --> 00:13:05,480 Speaker 1: score and you realize that it's great, and you want 307 00:13:05,520 --> 00:13:08,000 Speaker 1: to give your child a leg up on their credit 308 00:13:08,040 --> 00:13:12,000 Speaker 1: building future, will give them authorized user status on a 309 00:13:12,040 --> 00:13:14,400 Speaker 1: credit card or two that you've had for a long 310 00:13:14,400 --> 00:13:17,440 Speaker 1: long time and that you pay in full every single month. Right, 311 00:13:17,520 --> 00:13:20,600 Speaker 1: This can be a boost for your child over time 312 00:13:20,840 --> 00:13:23,960 Speaker 1: if you continue to handle that credit well, don't use 313 00:13:24,120 --> 00:13:26,720 Speaker 1: much of your available credit limit, and you pay in 314 00:13:26,760 --> 00:13:29,000 Speaker 1: full and on time every month. Right. By doing this, 315 00:13:29,360 --> 00:13:32,160 Speaker 1: your kids are going to start their adult life with 316 00:13:32,280 --> 00:13:35,120 Speaker 1: a rock solid credit foundation. So this is one of 317 00:13:35,120 --> 00:13:37,400 Speaker 1: those things that normally we wouldn't think to do, right 318 00:13:37,440 --> 00:13:40,920 Speaker 1: it's bottom rung of the totem pole of personal finance 319 00:13:40,920 --> 00:13:42,520 Speaker 1: towards that we want to get accomplished. But we've got 320 00:13:42,520 --> 00:13:44,480 Speaker 1: extra time on our hands. So do it. Give your 321 00:13:44,559 --> 00:13:47,520 Speaker 1: kids that authorized user status. It's going to help them 322 00:13:47,559 --> 00:13:49,320 Speaker 1: a lot in the long run. And Jel, while we're 323 00:13:49,320 --> 00:13:51,800 Speaker 1: discussing credit, now is also a great time to figure 324 00:13:51,840 --> 00:13:53,880 Speaker 1: out what credit cards are gonna work best for how 325 00:13:53,920 --> 00:13:56,400 Speaker 1: you spend your money. This is something that Kate and 326 00:13:56,400 --> 00:13:59,080 Speaker 1: I that we've done just recently. But I finally sat 327 00:13:59,080 --> 00:14:02,240 Speaker 1: down and realized that getting a certain card that I've 328 00:14:02,280 --> 00:14:04,920 Speaker 1: heard about and known about for a while, but we 329 00:14:05,040 --> 00:14:06,920 Speaker 1: just never did it because it had an annual fee. 330 00:14:07,040 --> 00:14:09,120 Speaker 1: But I realized that if I went with that card, 331 00:14:09,200 --> 00:14:11,200 Speaker 1: that we would more than make up for the annual 332 00:14:11,200 --> 00:14:13,959 Speaker 1: fee based on the groceries that we spend. So I'm 333 00:14:13,960 --> 00:14:16,920 Speaker 1: talking about the American Express Blue Cash Preferred Card. It's 334 00:14:16,960 --> 00:14:21,760 Speaker 1: got the best return percent that's so much money, and 335 00:14:21,800 --> 00:14:24,040 Speaker 1: the annual fee it's ninety five bucks, but you more 336 00:14:24,080 --> 00:14:26,080 Speaker 1: than make up for that expense and just the cash 337 00:14:26,120 --> 00:14:28,480 Speaker 1: back that you earn back on groceries alone. Not to 338 00:14:28,560 --> 00:14:31,240 Speaker 1: mention that you like that you also earned three percent 339 00:14:31,320 --> 00:14:35,040 Speaker 1: on like transportation, and so that includes gasoline, includes right 340 00:14:35,080 --> 00:14:36,920 Speaker 1: sharing you know like Uber and Lift, even though folks 341 00:14:36,960 --> 00:14:39,240 Speaker 1: aren't doing much of that these days. But it also 342 00:14:39,280 --> 00:14:42,800 Speaker 1: includes three percent on streaming services. Uh, they've got an 343 00:14:42,920 --> 00:14:45,760 Speaker 1: entire list of all the different services that qualify for 344 00:14:45,760 --> 00:14:48,080 Speaker 1: that three percent. And so yeah, for for me, this 345 00:14:48,120 --> 00:14:49,880 Speaker 1: is one of those things where I knew that I 346 00:14:49,920 --> 00:14:51,800 Speaker 1: think we could probably get ahead if we went with 347 00:14:51,800 --> 00:14:53,720 Speaker 1: this card, but I just didn't really sit down and 348 00:14:53,760 --> 00:14:55,880 Speaker 1: do the math. It took me all of two minutes 349 00:14:55,920 --> 00:14:58,040 Speaker 1: to realize, oh, yeah, we need to be doing this. 350 00:14:58,520 --> 00:15:00,640 Speaker 1: It's perfect time to do a little bit optimizing, and 351 00:15:00,640 --> 00:15:03,080 Speaker 1: credit card optimizing in particular is a good thing to do. 352 00:15:03,280 --> 00:15:04,960 Speaker 1: By the way, Matt, we have listed out the best 353 00:15:05,000 --> 00:15:07,080 Speaker 1: credit cards for how you spend. That is on our 354 00:15:07,120 --> 00:15:09,360 Speaker 1: list for people that spend a lot on groceries, it's 355 00:15:09,400 --> 00:15:10,960 Speaker 1: and you can find that list at how the Money 356 00:15:10,960 --> 00:15:13,880 Speaker 1: dot Com slash credit cards. Another thing on the credit note, 357 00:15:13,960 --> 00:15:16,600 Speaker 1: lasting on the credit note is for folks to freeze 358 00:15:16,640 --> 00:15:18,760 Speaker 1: their credit. If anybody out there is listening and hasn't 359 00:15:18,760 --> 00:15:20,480 Speaker 1: done that, and you don't have to apply for credit 360 00:15:20,520 --> 00:15:22,320 Speaker 1: anytime soon, right, if you're going to optimize your credit 361 00:15:22,360 --> 00:15:24,120 Speaker 1: cards and get a new one. Don't freeze your credit yet, 362 00:15:24,200 --> 00:15:26,240 Speaker 1: wait until after you've done that. But if you don't 363 00:15:26,280 --> 00:15:28,880 Speaker 1: have a need to apply for new credit soon, freeze 364 00:15:28,920 --> 00:15:30,880 Speaker 1: your credit. It's an easy win, and it's free to do, 365 00:15:31,000 --> 00:15:33,080 Speaker 1: and it takes very little time. You can hear all 366 00:15:33,080 --> 00:15:35,560 Speaker 1: about why it's important and how to go about doing it. 367 00:15:35,760 --> 00:15:37,840 Speaker 1: We did a full episode on that back in episode 368 00:15:37,840 --> 00:15:39,560 Speaker 1: thirty eight, so if you want the full scoop, you 369 00:15:39,560 --> 00:15:41,480 Speaker 1: can go listen to that entire episode. But we'll also 370 00:15:41,520 --> 00:15:44,520 Speaker 1: include the three links to each of the three different 371 00:15:44,560 --> 00:15:47,600 Speaker 1: bureaus as far as where you can go to freeze 372 00:15:47,640 --> 00:15:50,200 Speaker 1: your credit. Making your money tours easy, super easy, man. 373 00:15:50,440 --> 00:15:51,960 Speaker 1: And you know what it's super easy, by the way, 374 00:15:52,120 --> 00:15:54,240 Speaker 1: is that even if you do freeze your credit. We've 375 00:15:54,240 --> 00:15:56,000 Speaker 1: we talked about this recently, but it doesn't take long 376 00:15:56,080 --> 00:15:58,200 Speaker 1: for you to unfreeze your credit. I think I said that, 377 00:15:58,280 --> 00:15:59,960 Speaker 1: like I tied myself with all three of the diff 378 00:16:00,120 --> 00:16:02,520 Speaker 1: bureaus and it took me like three minutes for each 379 00:16:02,560 --> 00:16:04,040 Speaker 1: of the three bureaus. So it took me like maybe 380 00:16:04,040 --> 00:16:05,720 Speaker 1: a total of nine minutes or something like that. Does 381 00:16:05,760 --> 00:16:07,960 Speaker 1: that sound familiar. It's like three bureaus and three minutes 382 00:16:08,000 --> 00:16:09,720 Speaker 1: or less. You mentioned it was really quick and when 383 00:16:09,720 --> 00:16:11,400 Speaker 1: you had to do it recently, Yeah, something like that 384 00:16:11,440 --> 00:16:13,040 Speaker 1: at least. But just keep that in mind. It's super 385 00:16:13,040 --> 00:16:14,840 Speaker 1: easy and quick as long as you have those links, 386 00:16:14,880 --> 00:16:17,400 Speaker 1: and we'll put those links in our show notes, Joel. 387 00:16:17,560 --> 00:16:19,440 Speaker 1: One other chore that we want folks to do that's 388 00:16:19,480 --> 00:16:21,840 Speaker 1: super easy to do, and something that I think everybody 389 00:16:21,880 --> 00:16:25,240 Speaker 1: should do is switch banks. This is probably something a 390 00:16:25,240 --> 00:16:27,640 Speaker 1: lot of folks have been putting off, but stop banking 391 00:16:27,680 --> 00:16:30,960 Speaker 1: with one of the crummy huge banks. Go online, increase 392 00:16:31,000 --> 00:16:33,040 Speaker 1: what you earn on your money, and get better customer 393 00:16:33,120 --> 00:16:35,160 Speaker 1: service and perks. And not to mention, if you are 394 00:16:35,160 --> 00:16:37,240 Speaker 1: still with one of the big banks, you are likely 395 00:16:37,480 --> 00:16:40,760 Speaker 1: paying a monthly fee as well, so most of the 396 00:16:40,800 --> 00:16:43,640 Speaker 1: online banks completely ditched those as well. Yeah, mat those 397 00:16:43,680 --> 00:16:47,240 Speaker 1: big banks love to charge crappy monthly fees of ten 398 00:16:47,360 --> 00:16:49,480 Speaker 1: twelve bucks a month fourteen bucks a month, and that's 399 00:16:49,520 --> 00:16:51,560 Speaker 1: a lot of money you could be saving every single 400 00:16:51,640 --> 00:16:53,320 Speaker 1: year if you want with an online bank. And not 401 00:16:53,360 --> 00:16:57,440 Speaker 1: to mention the positive benefits associated with online banks fewer fees, 402 00:16:57,480 --> 00:17:00,640 Speaker 1: almost no fees in most cases, higher interest rates, better 403 00:17:00,680 --> 00:17:02,640 Speaker 1: customer service. I mean, it's just one of those chores 404 00:17:02,640 --> 00:17:04,560 Speaker 1: that you have to get done right now during quarantine. 405 00:17:04,800 --> 00:17:07,040 Speaker 1: There are many online banks we really like. One of 406 00:17:07,080 --> 00:17:09,200 Speaker 1: our favorites is C I T and C I T 407 00:17:09,359 --> 00:17:11,479 Speaker 1: in particular has a sign up bonus right now too, 408 00:17:11,600 --> 00:17:13,800 Speaker 1: in addition to paying one of the highest rates in 409 00:17:13,800 --> 00:17:15,359 Speaker 1: the country. So if you want to find out more 410 00:17:15,359 --> 00:17:17,160 Speaker 1: about that, you can go to how to money dot com, 411 00:17:17,280 --> 00:17:20,359 Speaker 1: slash C I T and Dude, you know, switching away 412 00:17:20,359 --> 00:17:22,520 Speaker 1: from one of those big banks, this is one that 413 00:17:23,080 --> 00:17:26,520 Speaker 1: I had saddled myself with guilt because this is one 414 00:17:26,640 --> 00:17:28,720 Speaker 1: this is a chore that I had neglected for so long. 415 00:17:29,400 --> 00:17:31,639 Speaker 1: And I will say from personal experience that it feels 416 00:17:31,640 --> 00:17:34,920 Speaker 1: so good. You feel so liberated. It's such a good 417 00:17:34,920 --> 00:17:37,159 Speaker 1: feeling to finally ditch one of those big brick and 418 00:17:37,200 --> 00:17:39,320 Speaker 1: mortars I had. I still have a business account as 419 00:17:39,320 --> 00:17:41,240 Speaker 1: well as a personal account with them, just because I 420 00:17:41,359 --> 00:17:43,520 Speaker 1: was afraid to kind of step away from having a 421 00:17:43,560 --> 00:17:46,040 Speaker 1: local branch that I could walk into. Guess what, dude, 422 00:17:46,160 --> 00:17:48,440 Speaker 1: I have not missed it at all. And I bet 423 00:17:48,480 --> 00:17:50,720 Speaker 1: if you are listening and you're in a similar situation, 424 00:17:51,080 --> 00:17:53,360 Speaker 1: you probably wouldn't miss it as well. Yeah, we typically 425 00:17:53,359 --> 00:17:57,320 Speaker 1: overvalue that quick access to a branch when most of 426 00:17:57,400 --> 00:17:59,439 Speaker 1: us almost never use it. Yeah, and plus all the 427 00:17:59,480 --> 00:18:01,760 Speaker 1: online banks, most of the reimburse A t M fees, 428 00:18:01,800 --> 00:18:03,120 Speaker 1: And that's the only The biggest thing I was worried 429 00:18:03,119 --> 00:18:04,600 Speaker 1: about was like, what if I need some cash. It's like, 430 00:18:04,640 --> 00:18:06,680 Speaker 1: I can still get cash from a local a t 431 00:18:06,880 --> 00:18:09,080 Speaker 1: M and a lot of banks reimburse all of your 432 00:18:09,080 --> 00:18:10,720 Speaker 1: A t M fees, but at the very least they'll 433 00:18:10,720 --> 00:18:12,720 Speaker 1: reimburse like twelve bucks worth. And I don't need to 434 00:18:12,720 --> 00:18:14,080 Speaker 1: get cash out of an A t M more than 435 00:18:14,359 --> 00:18:15,920 Speaker 1: you know, three or four times a month, and most 436 00:18:15,920 --> 00:18:17,320 Speaker 1: of the time the fees are like three or four 437 00:18:17,359 --> 00:18:18,840 Speaker 1: bucks and most of the time, at least for me, 438 00:18:18,840 --> 00:18:21,440 Speaker 1: it's like three or four times a year. Yeah, a 439 00:18:21,640 --> 00:18:23,640 Speaker 1: t M. One other chore that I wanted to mention 440 00:18:23,720 --> 00:18:27,159 Speaker 1: Joel is budgeting, right, Like what better time is it 441 00:18:27,160 --> 00:18:29,520 Speaker 1: the now to start a budget or at the very least, 442 00:18:29,520 --> 00:18:32,200 Speaker 1: to start tracking your spending to find out where your 443 00:18:32,200 --> 00:18:34,440 Speaker 1: money goes every single month. And I've got a little 444 00:18:34,440 --> 00:18:36,679 Speaker 1: bonus for you if you start now, it's likely to 445 00:18:36,680 --> 00:18:39,200 Speaker 1: be even easier since we're all likely spending a lot 446 00:18:39,240 --> 00:18:42,560 Speaker 1: less money every month day to day, right, We've dedicated 447 00:18:42,600 --> 00:18:44,240 Speaker 1: whole episodes to this, so there's no need to be 448 00:18:44,280 --> 00:18:46,920 Speaker 1: labor the point. But looked an episode one seventy six 449 00:18:46,920 --> 00:18:49,960 Speaker 1: that we did recently for different approaches to budgeting based 450 00:18:49,960 --> 00:18:52,199 Speaker 1: on your personality. But go ahead and get started. If 451 00:18:52,200 --> 00:18:54,280 Speaker 1: you haven't already done this, you can sign up for 452 00:18:54,400 --> 00:18:57,240 Speaker 1: free wine ab accounts, which is you need a budget, 453 00:18:57,480 --> 00:18:59,119 Speaker 1: or you can head over to mint dot com. There 454 00:18:59,160 --> 00:19:01,480 Speaker 1: are a lot of great online tools that will allow 455 00:19:01,480 --> 00:19:03,639 Speaker 1: you to kind of automate some of that tracking and 456 00:19:03,640 --> 00:19:06,159 Speaker 1: budgeting versus you going through all the laborious steps of 457 00:19:06,200 --> 00:19:08,119 Speaker 1: setting up an Excel spreadsheet, which is what I like 458 00:19:08,160 --> 00:19:10,920 Speaker 1: to do, but that's because I'm a total nerd Matt. 459 00:19:11,040 --> 00:19:13,280 Speaker 1: You know these chores. Going through kind of this list 460 00:19:13,320 --> 00:19:16,879 Speaker 1: of money chores has me thinking that there's something about 461 00:19:16,880 --> 00:19:20,600 Speaker 1: our parents having us do chores that instills a whole 462 00:19:20,600 --> 00:19:24,399 Speaker 1: lot of discipline, some self confidence. Even that those chores 463 00:19:24,440 --> 00:19:26,520 Speaker 1: that my parents had me do on a weekly on 464 00:19:26,520 --> 00:19:28,560 Speaker 1: a regular basis, taking out the trash, mowing the lawn, 465 00:19:28,600 --> 00:19:30,360 Speaker 1: that kind of stuff, I feel like it really has 466 00:19:30,400 --> 00:19:32,919 Speaker 1: impacted me as an adult, right It's changed my outlook. 467 00:19:32,920 --> 00:19:34,400 Speaker 1: I can't wait to do that for my own kids. 468 00:19:34,440 --> 00:19:36,800 Speaker 1: I cannot wait to give them just a crapload of 469 00:19:36,840 --> 00:19:39,960 Speaker 1: chores that they have to do and and and instill 470 00:19:39,960 --> 00:19:43,120 Speaker 1: those same things in them. But I think the same 471 00:19:43,160 --> 00:19:45,119 Speaker 1: thing can be said of us if we're able to 472 00:19:45,119 --> 00:19:47,760 Speaker 1: tackle some of these money chores, that once we implement 473 00:19:47,760 --> 00:19:49,560 Speaker 1: these things and put them in place, they're gonna pay 474 00:19:49,720 --> 00:19:51,880 Speaker 1: dividends down the road. We're actually gonna have a major 475 00:19:51,920 --> 00:19:55,119 Speaker 1: benefit from doing some of these money chores, um for 476 00:19:55,119 --> 00:19:57,719 Speaker 1: for the rest of our lives. Right, It'll benefit potentially 477 00:19:57,760 --> 00:20:00,199 Speaker 1: our kids in the case of adding them as an 478 00:20:00,240 --> 00:20:03,080 Speaker 1: authorized user to our credit. We ourselves are gonna benefit 479 00:20:03,080 --> 00:20:05,560 Speaker 1: by switching banks, right, That one painful thing that we've 480 00:20:05,560 --> 00:20:07,720 Speaker 1: been putting off, But in the end it's going to 481 00:20:07,840 --> 00:20:10,159 Speaker 1: lead to a lot more ease down the road and 482 00:20:10,200 --> 00:20:12,040 Speaker 1: better benefits at the same time. So, yeah, there are 483 00:20:12,040 --> 00:20:14,199 Speaker 1: all these moves that we can make, and just like 484 00:20:14,240 --> 00:20:17,119 Speaker 1: with chores, they're going to have a positive impact on 485 00:20:17,240 --> 00:20:19,679 Speaker 1: us over time most definitely. Man, And I feel like 486 00:20:19,760 --> 00:20:21,240 Speaker 1: there are a lot of quotes out there that talk 487 00:20:21,280 --> 00:20:23,320 Speaker 1: about the fear of the unknown, right, I feel like 488 00:20:23,320 --> 00:20:24,680 Speaker 1: this is like, you mean, you're talking about the elsa 489 00:20:24,760 --> 00:20:27,399 Speaker 1: song from Frozen two, Right, Yeah, that's into the unknown. 490 00:20:27,920 --> 00:20:30,840 Speaker 1: She wasn't afraid, So maybe we should take a page 491 00:20:30,840 --> 00:20:32,720 Speaker 1: out of her book, right, But I think so many 492 00:20:32,720 --> 00:20:35,639 Speaker 1: of us are afraid of the unknown. We're afraid of 493 00:20:35,960 --> 00:20:38,800 Speaker 1: just what we don't know. And some of these chores, 494 00:20:38,840 --> 00:20:41,600 Speaker 1: some of these tasks, they loom large in our minds 495 00:20:41,880 --> 00:20:44,200 Speaker 1: when in reality, when we actually sit down and look 496 00:20:44,200 --> 00:20:46,280 Speaker 1: at it, we were going to realize that it's not 497 00:20:46,320 --> 00:20:47,919 Speaker 1: that big of a deal at all. Even in my 498 00:20:47,920 --> 00:20:49,959 Speaker 1: example about the credit card, it took me literally two 499 00:20:50,000 --> 00:20:52,000 Speaker 1: minutes of sitting down and kind of crunching the numbers 500 00:20:52,000 --> 00:20:54,320 Speaker 1: to realize, oh, that's a card we should have. Uh, 501 00:20:54,359 --> 00:20:56,040 Speaker 1: it's something that I didn't want to get to because 502 00:20:56,080 --> 00:20:57,879 Speaker 1: I was happy with the status quo. But I know 503 00:20:57,960 --> 00:20:59,639 Speaker 1: for me, literally it took two minutes for us to 504 00:20:59,640 --> 00:21:01,639 Speaker 1: be in a better place basically for the rest of 505 00:21:01,640 --> 00:21:04,800 Speaker 1: our lives, which which is awesome. So we're gonna cover 506 00:21:04,880 --> 00:21:06,960 Speaker 1: several more of some of these different chores that we 507 00:21:07,040 --> 00:21:09,840 Speaker 1: feel that we all need to address if we haven't already, 508 00:21:09,880 --> 00:21:21,480 Speaker 1: we're gonna get to those right after the break, all right, 509 00:21:21,520 --> 00:21:23,840 Speaker 1: we'll back from the break. We're talking about money chores 510 00:21:23,920 --> 00:21:26,080 Speaker 1: that we can crush during quarantine. We've probably got a 511 00:21:26,080 --> 00:21:27,760 Speaker 1: little bit of extra time on our hands, so let's 512 00:21:27,760 --> 00:21:29,720 Speaker 1: get some of those chores done that we've been putting off. 513 00:21:29,960 --> 00:21:32,240 Speaker 1: In a particular of the money chores, right like spring cleaning. 514 00:21:32,480 --> 00:21:34,400 Speaker 1: Everybody is doing a little bit of that, a little 515 00:21:34,440 --> 00:21:37,200 Speaker 1: bit more gardening, that kind of stuff. But have we 516 00:21:37,280 --> 00:21:39,439 Speaker 1: done our money chores? Well, Matt, that's something that you 517 00:21:39,480 --> 00:21:42,119 Speaker 1: and I feel like we need to address in this episode. 518 00:21:42,400 --> 00:21:44,120 Speaker 1: And I think another thing that people should really put 519 00:21:44,160 --> 00:21:46,840 Speaker 1: on that list of money chores is some different things 520 00:21:46,840 --> 00:21:49,480 Speaker 1: they can do in regards to their job, to their employment. 521 00:21:49,840 --> 00:21:52,000 Speaker 1: And one thing that's a little less tactical but a 522 00:21:52,000 --> 00:21:54,239 Speaker 1: little more high level in regards to how you think 523 00:21:54,280 --> 00:21:56,640 Speaker 1: about your job is kind of maybe doing some soul 524 00:21:56,680 --> 00:21:59,240 Speaker 1: searching about what you want your life to look like 525 00:21:59,280 --> 00:22:01,199 Speaker 1: in the future and what you want your job to 526 00:22:01,280 --> 00:22:04,240 Speaker 1: look like, uh in in the years to come. Sometimes 527 00:22:04,240 --> 00:22:06,840 Speaker 1: an economic downturn and some extra time on your hands 528 00:22:06,880 --> 00:22:09,680 Speaker 1: can provide the clearest thoughts and can be the best 529 00:22:09,680 --> 00:22:12,280 Speaker 1: time to head in a completely new direction when it 530 00:22:12,320 --> 00:22:14,960 Speaker 1: comes to your employment. So, yeah, take me some time 531 00:22:15,000 --> 00:22:18,000 Speaker 1: to maybe write down where you want to be a 532 00:22:18,040 --> 00:22:20,240 Speaker 1: few years from now and to see if you're headed 533 00:22:20,240 --> 00:22:22,520 Speaker 1: on that path like where are you now and where 534 00:22:22,520 --> 00:22:24,440 Speaker 1: do you want to be? That can be really powerful 535 00:22:24,600 --> 00:22:27,520 Speaker 1: if you take some time during this quarantine to think 536 00:22:27,520 --> 00:22:30,199 Speaker 1: about your future, and in particular your work future. And 537 00:22:30,280 --> 00:22:33,000 Speaker 1: on the note of your work future, something else you 538 00:22:33,000 --> 00:22:36,040 Speaker 1: can do during this quarantine is you can network from afar. 539 00:22:36,359 --> 00:22:38,879 Speaker 1: That means from at least six ft away. You can 540 00:22:38,920 --> 00:22:40,680 Speaker 1: send some emails, you can set up a zoom call 541 00:22:41,160 --> 00:22:43,720 Speaker 1: or maybe twelve of them. Right, as our friend Jordan 542 00:22:43,800 --> 00:22:46,200 Speaker 1: Harbinger says, you want to make sure that you've dug 543 00:22:46,240 --> 00:22:49,000 Speaker 1: the well before you're thirsty. And so, whether you're in 544 00:22:49,000 --> 00:22:52,200 Speaker 1: an excellent work situation or maybe you're itching for a change, 545 00:22:52,400 --> 00:22:54,439 Speaker 1: this is an awesome time to be networking too, to 546 00:22:54,440 --> 00:22:57,600 Speaker 1: seeing how you can provide value to those within your network, 547 00:22:57,600 --> 00:22:59,840 Speaker 1: your friends, some old colleagues, strike up some of those 548 00:22:59,880 --> 00:23:01,520 Speaker 1: kind or stations, see what those folks are up to, 549 00:23:02,000 --> 00:23:04,320 Speaker 1: and then that also might lead to you landing your 550 00:23:04,320 --> 00:23:07,679 Speaker 1: next position. A little virtual coffee hangout because that in 551 00:23:07,720 --> 00:23:11,440 Speaker 1: person coffee and it happening, right, happening. Yet we're getting closer, man, Yeah, 552 00:23:11,520 --> 00:23:12,800 Speaker 1: I think we're I think we're getting close to the 553 00:23:12,880 --> 00:23:14,440 Speaker 1: end of the quarantine. I hope so I feel it 554 00:23:14,440 --> 00:23:17,680 Speaker 1: in my bones, yeah, Matt. And on the job front, 555 00:23:18,000 --> 00:23:19,760 Speaker 1: for people who know they want to go in a 556 00:23:19,760 --> 00:23:22,240 Speaker 1: different direction, you know they're they're they're working from home 557 00:23:22,240 --> 00:23:24,480 Speaker 1: and they realize I don't ever want to go back. Well, 558 00:23:24,520 --> 00:23:27,480 Speaker 1: you should really work on your resume right now. It's 559 00:23:27,480 --> 00:23:29,399 Speaker 1: one of those things that you put off until the 560 00:23:29,440 --> 00:23:32,080 Speaker 1: last minute and then you send out a subpar resume 561 00:23:32,400 --> 00:23:34,879 Speaker 1: when you're looking for new work. But there are some 562 00:23:34,960 --> 00:23:37,600 Speaker 1: great free resources to help you create a great resume. 563 00:23:38,080 --> 00:23:40,600 Speaker 1: Look to YouTube for some tips there as well. And 564 00:23:40,640 --> 00:23:42,359 Speaker 1: at the same time, don't be afraid to pay a 565 00:23:42,400 --> 00:23:45,160 Speaker 1: little money to step up your resume game right if 566 00:23:45,160 --> 00:23:48,480 Speaker 1: you want to look different when your resume lands in 567 00:23:48,520 --> 00:23:51,760 Speaker 1: the lap of a potential employer, well, having had somebody 568 00:23:51,800 --> 00:23:54,760 Speaker 1: who is a super pro, uh, take a look over 569 00:23:54,800 --> 00:23:56,399 Speaker 1: it and help you get it in tip top shape 570 00:23:56,560 --> 00:23:58,359 Speaker 1: could mean the difference between getting the job and not. 571 00:23:58,840 --> 00:24:01,399 Speaker 1: And ultimately, spending that money to get your resume in 572 00:24:01,480 --> 00:24:04,639 Speaker 1: great shape can pay massive dividends on the back end. 573 00:24:04,840 --> 00:24:07,439 Speaker 1: Such another thing you should consider. Also, Matt, Let's talk 574 00:24:07,480 --> 00:24:09,840 Speaker 1: about this upping your four oh one K contribution. It's 575 00:24:09,840 --> 00:24:11,840 Speaker 1: something most of us probably haven't gone in the back 576 00:24:11,920 --> 00:24:13,520 Speaker 1: end of our four o one K in quite a while, 577 00:24:13,720 --> 00:24:15,359 Speaker 1: and I would encourage you maybe not to look at 578 00:24:15,359 --> 00:24:18,040 Speaker 1: the number and the recent performance because you're not gonna 579 00:24:18,040 --> 00:24:20,160 Speaker 1: be wild at that. Don't look at your balance. Let's 580 00:24:20,160 --> 00:24:22,479 Speaker 1: just look at your percentages exactly exactly. So just look 581 00:24:22,520 --> 00:24:25,080 Speaker 1: at the percentage step that up right now if you can, 582 00:24:25,400 --> 00:24:28,080 Speaker 1: because now is a great time to start investing more. 583 00:24:28,280 --> 00:24:31,359 Speaker 1: Right if you have solid savings and job stability, upping 584 00:24:31,400 --> 00:24:34,040 Speaker 1: your four one K contribution another percentage point or even 585 00:24:34,040 --> 00:24:36,840 Speaker 1: a few points will have a massive change on your 586 00:24:36,880 --> 00:24:39,719 Speaker 1: financial future. Remember you mentioned this before, but like anytime 587 00:24:39,760 --> 00:24:42,040 Speaker 1: you would go in there like that, the streamers would 588 00:24:42,080 --> 00:24:43,560 Speaker 1: fly and there'd be a balloons and stuff like that. 589 00:24:43,600 --> 00:24:44,960 Speaker 1: Does it still do that when you go in there 590 00:24:44,960 --> 00:24:48,600 Speaker 1: and still feels awesome every time? Nice man. Well, on 591 00:24:48,640 --> 00:24:51,800 Speaker 1: the note of retirement, let's talk about rath conversions. We 592 00:24:52,000 --> 00:24:55,360 Speaker 1: love roth iras, right. That's because you pay tax now 593 00:24:55,560 --> 00:24:58,000 Speaker 1: and then you never pay tax on that money ever again. 594 00:24:58,800 --> 00:25:01,520 Speaker 1: And the thing is a roth conversion. It's not for everyone, 595 00:25:01,840 --> 00:25:04,040 Speaker 1: but it might make a lot of sense for you. 596 00:25:04,160 --> 00:25:06,840 Speaker 1: Right now. It's important to know that converting to a 597 00:25:06,960 --> 00:25:10,359 Speaker 1: roth ira it's a taxable events. That tax is based 598 00:25:10,400 --> 00:25:12,960 Speaker 1: on the fair market value of your traditional IRA at 599 00:25:12,960 --> 00:25:16,440 Speaker 1: the time of conversion. However, if that traditional ira is 600 00:25:16,480 --> 00:25:20,800 Speaker 1: currently undervalued, the results in conversion tax would also be lower, 601 00:25:21,040 --> 00:25:23,920 Speaker 1: and so once converted, any growth of value inside the 602 00:25:24,000 --> 00:25:28,240 Speaker 1: roth ira would become income tax free. That's amazing and 603 00:25:28,280 --> 00:25:30,520 Speaker 1: that's part of why we love Wrath so much. Just 604 00:25:30,600 --> 00:25:32,320 Speaker 1: make sure that you have the cash on hand to 605 00:25:32,320 --> 00:25:34,160 Speaker 1: pay the tax bill that you occur when you follow 606 00:25:34,160 --> 00:25:36,240 Speaker 1: your taxes next year. Yeah, all right, man, Let's talk 607 00:25:36,240 --> 00:25:37,959 Speaker 1: about a couple of other things you can do in 608 00:25:37,960 --> 00:25:41,520 Speaker 1: regards to retirement right now, the chore like things that 609 00:25:41,560 --> 00:25:44,359 Speaker 1: you don't necessarily want to. One thing is to change 610 00:25:44,400 --> 00:25:47,720 Speaker 1: your beneficiaries, or at least look and see who you've 611 00:25:47,760 --> 00:25:50,800 Speaker 1: listed who you've designated as your beneficiary on your work 612 00:25:50,800 --> 00:25:55,080 Speaker 1: retirement accounts, on your IRA, your life insurance policy five accounts. 613 00:25:55,359 --> 00:25:59,280 Speaker 1: Make sure that your beneficiary is designated accurately, in particular, 614 00:25:59,320 --> 00:26:01,000 Speaker 1: if you've gone through any sort of a major life 615 00:26:01,080 --> 00:26:03,359 Speaker 1: change recently, like if you've gotten married, had kids, are 616 00:26:03,400 --> 00:26:07,200 Speaker 1: gotten divorced, that beneficiary that you've designated is ultimately who 617 00:26:07,200 --> 00:26:10,719 Speaker 1: will inherit that asset when you pass away, and oftentimes 618 00:26:10,840 --> 00:26:14,920 Speaker 1: that beneficiary status actually supersedes what you've written in your will, 619 00:26:15,040 --> 00:26:17,040 Speaker 1: which is fascinating to me. So that's one of those 620 00:26:17,040 --> 00:26:18,440 Speaker 1: things that if you haven't checked it in a while, 621 00:26:18,520 --> 00:26:20,400 Speaker 1: at least take a look at it, because if you've 622 00:26:20,400 --> 00:26:22,720 Speaker 1: still got your mom listed but you've gotten married since, 623 00:26:22,760 --> 00:26:24,800 Speaker 1: then your partner is gonna be really upset when you 624 00:26:24,800 --> 00:26:27,080 Speaker 1: pass away that you decided not to leave that money 625 00:26:27,119 --> 00:26:28,760 Speaker 1: to them. Not that your mom is not deserving, she 626 00:26:28,840 --> 00:26:31,399 Speaker 1: raised you right, she cared for you, but still they 627 00:26:31,480 --> 00:26:33,520 Speaker 1: probably want that money to go towards your spouse. Yeah, 628 00:26:33,560 --> 00:26:36,719 Speaker 1: not cool. All right, let's talk about life insurance, right. 629 00:26:36,800 --> 00:26:38,920 Speaker 1: This is another one of those tedious tasks that we've 630 00:26:38,960 --> 00:26:40,720 Speaker 1: just you know, listed before you, and this is one 631 00:26:40,760 --> 00:26:42,119 Speaker 1: of those things that you're not gonna want to do. 632 00:26:42,640 --> 00:26:44,760 Speaker 1: But again, this one isn't nearly as bad as it 633 00:26:44,800 --> 00:26:47,240 Speaker 1: seems on the surface. There are a few different online 634 00:26:47,280 --> 00:26:49,919 Speaker 1: sites where you can easily shot multiple providers at once. 635 00:26:50,400 --> 00:26:53,760 Speaker 1: Policy Genius is one of our favorite stool. I would 636 00:26:53,760 --> 00:26:56,119 Speaker 1: totally be getting my life insurance through them if I 637 00:26:56,119 --> 00:26:58,520 Speaker 1: didn't already have a plan that i'd gotten gosh ten 638 00:26:58,600 --> 00:27:00,640 Speaker 1: years ago, and I don't even know where I got 639 00:27:00,640 --> 00:27:02,840 Speaker 1: that plan through. But we do love policy genius so 640 00:27:02,960 --> 00:27:05,440 Speaker 1: much and then what they're able to provide their customers 641 00:27:05,720 --> 00:27:07,399 Speaker 1: that I'm kind of itching a little bit to have 642 00:27:07,480 --> 00:27:10,320 Speaker 1: the need to maybe do some overlapping coverage a little bit, 643 00:27:10,400 --> 00:27:12,080 Speaker 1: you know, like you talk we talk about laddering coverage 644 00:27:12,080 --> 00:27:15,239 Speaker 1: a little bit, uh, maybe layering coverage some and so 645 00:27:15,320 --> 00:27:17,800 Speaker 1: if that's something that you're considering because of where you 646 00:27:17,840 --> 00:27:20,800 Speaker 1: are financially, definitely keep policy Genius in mind. Yeah, Matt, 647 00:27:20,840 --> 00:27:23,639 Speaker 1: I got my policy years ago through Costco. Was it 648 00:27:23,760 --> 00:27:27,680 Speaker 1: jumbo size? It was huge? I mean I wish No, 649 00:27:27,840 --> 00:27:30,160 Speaker 1: It's it's like we're we gonna put this life insurance policy, 650 00:27:30,280 --> 00:27:32,080 Speaker 1: like we have a room for the toilet paper, but 651 00:27:32,080 --> 00:27:34,920 Speaker 1: not for the life insurance policy. Yeah, no, it's Uh. 652 00:27:35,080 --> 00:27:37,480 Speaker 1: Costco is a good job of quoting life insurance, but yeah, 653 00:27:37,480 --> 00:27:40,480 Speaker 1: policy Genius also an amazing job. Those are two great 654 00:27:40,480 --> 00:27:42,480 Speaker 1: places to look. Did they also have like little life 655 00:27:42,480 --> 00:27:44,920 Speaker 1: insurance policy samples just kind of like on the side 656 00:27:44,960 --> 00:27:46,240 Speaker 1: there we could just like have a little taste and 657 00:27:46,240 --> 00:27:48,600 Speaker 1: see what see what it's all about. Sadly, sadly, it's 658 00:27:48,640 --> 00:27:50,919 Speaker 1: not like you can't walk around and sample the life insurance. 659 00:27:51,200 --> 00:27:52,560 Speaker 1: But weren't those the good old days, like when you 660 00:27:52,560 --> 00:27:54,359 Speaker 1: can go to a grocery store and sample food on 661 00:27:54,400 --> 00:27:56,760 Speaker 1: a toothpick that was handed to you by a retiree, Like, 662 00:27:57,040 --> 00:27:58,719 Speaker 1: those aren't the days we live in now? No? Now 663 00:27:58,760 --> 00:28:01,439 Speaker 1: you don't trust that person at all. It sucks. I 664 00:28:01,480 --> 00:28:04,119 Speaker 1: hate it. But on another notemat we should talk about, 665 00:28:04,160 --> 00:28:07,200 Speaker 1: you know, one final money chore that people should consider 666 00:28:07,359 --> 00:28:09,760 Speaker 1: right now during this time, and that is creating a will. 667 00:28:10,119 --> 00:28:12,560 Speaker 1: I just mentioned, you know, in regards to beneficiaries, how 668 00:28:12,960 --> 00:28:15,520 Speaker 1: uh that might even superseded will. But a will is 669 00:28:15,560 --> 00:28:18,680 Speaker 1: a crucial part of your financial planning strategy and making 670 00:28:18,720 --> 00:28:21,160 Speaker 1: sure that your loved ones are taking care of well. 671 00:28:21,359 --> 00:28:23,960 Speaker 1: We talked about this in episode forty two, so you 672 00:28:23,960 --> 00:28:26,600 Speaker 1: can listen to that episode for all the details. But 673 00:28:26,680 --> 00:28:29,720 Speaker 1: a will is something that most individuals should have, but 674 00:28:30,000 --> 00:28:33,000 Speaker 1: a lot of people don't have one. And free will 675 00:28:33,080 --> 00:28:34,679 Speaker 1: is one of our favorite sites, by the way, for 676 00:28:34,800 --> 00:28:38,440 Speaker 1: creating you guessed it, a free legal online will happily 677 00:28:38,520 --> 00:28:42,320 Speaker 1: named right, and we promise it doesn't take long. It 678 00:28:42,400 --> 00:28:44,360 Speaker 1: really is one of those things, Matt, like a lot 679 00:28:44,480 --> 00:28:46,640 Speaker 1: of these things that we've listed out that don't take 680 00:28:46,760 --> 00:28:48,840 Speaker 1: nearly as much time as you think it is. We've 681 00:28:48,840 --> 00:28:51,840 Speaker 1: created a bigger monster in our heads, and in reality, 682 00:28:51,880 --> 00:28:53,840 Speaker 1: when you sit down to create that will just doesn't 683 00:28:53,880 --> 00:28:56,240 Speaker 1: take that long. It's pretty easy. So a will is 684 00:28:56,280 --> 00:28:59,239 Speaker 1: mostly obviously to benefit your survivors, your loved ones in 685 00:28:59,360 --> 00:29:02,040 Speaker 1: the event that you past prematurely. Some people with more 686 00:29:02,120 --> 00:29:05,080 Speaker 1: complex situations should see a lawyer instead. Free will dot 687 00:29:05,120 --> 00:29:08,720 Speaker 1: com is not ideal for everyone. You really might need 688 00:29:08,800 --> 00:29:12,280 Speaker 1: a lawyer involved in your situation, especially if your situation 689 00:29:12,320 --> 00:29:16,080 Speaker 1: is more complex that that specializes in will's estates and trust. 690 00:29:16,320 --> 00:29:19,200 Speaker 1: But if you have a pretty simple, straightforward situation, then 691 00:29:19,280 --> 00:29:20,760 Speaker 1: free will dot com is a great place to go. 692 00:29:20,840 --> 00:29:22,920 Speaker 1: Create a will, get it done, get that checked off 693 00:29:22,960 --> 00:29:24,720 Speaker 1: your list, because it feels really good to have a 694 00:29:24,720 --> 00:29:27,520 Speaker 1: will in place. It feels like this adult move and 695 00:29:27,560 --> 00:29:29,680 Speaker 1: you just gotta taken care of and right now is 696 00:29:29,720 --> 00:29:31,520 Speaker 1: the perfect time to make it happen. Andel you know, 697 00:29:31,560 --> 00:29:33,880 Speaker 1: we've listed out a lot of different financial chores here, 698 00:29:33,880 --> 00:29:36,760 Speaker 1: and these are all really important things to not only 699 00:29:37,040 --> 00:29:39,920 Speaker 1: just be aware of, but to actually take action and 700 00:29:39,960 --> 00:29:42,520 Speaker 1: accomplish some of these things. However, it might be kind 701 00:29:42,520 --> 00:29:44,280 Speaker 1: of overwhelming for you to hear all these things that 702 00:29:44,280 --> 00:29:46,400 Speaker 1: we've listed out, and you might think, well, I'm not 703 00:29:46,400 --> 00:29:47,680 Speaker 1: going to be able to do any of those things, 704 00:29:47,720 --> 00:29:49,400 Speaker 1: and so because I'm not going to be able to 705 00:29:49,400 --> 00:29:50,960 Speaker 1: do all of them, I'm not going to do any 706 00:29:51,000 --> 00:29:53,080 Speaker 1: of them. Well, that's not the approach that we want 707 00:29:53,120 --> 00:29:55,720 Speaker 1: you to take. You know, any progress, being able to 708 00:29:55,720 --> 00:29:58,120 Speaker 1: move forward on any one of these items is going 709 00:29:58,160 --> 00:30:01,280 Speaker 1: to better you financially and your future self. Well, thank you, 710 00:30:01,360 --> 00:30:02,960 Speaker 1: and so maybe just pick a few, or maybe even 711 00:30:03,000 --> 00:30:05,080 Speaker 1: just pick one. You know, this one item that you 712 00:30:05,120 --> 00:30:06,560 Speaker 1: know has been on your mind that you know you 713 00:30:06,560 --> 00:30:08,800 Speaker 1: can easily tackle, and that might even allow you to 714 00:30:08,840 --> 00:30:11,480 Speaker 1: tackle the next task on your list. So with that, 715 00:30:11,560 --> 00:30:14,440 Speaker 1: we think you'll have a better feeling. Like we mentioned earlier, 716 00:30:14,480 --> 00:30:16,480 Speaker 1: like when you know, when you exit quarantine, you're gonna 717 00:30:16,520 --> 00:30:18,800 Speaker 1: have a feeling of accomplishment and feeling like you're in 718 00:30:18,800 --> 00:30:21,240 Speaker 1: a better place versus if you just sat there the 719 00:30:21,360 --> 00:30:24,560 Speaker 1: entire time and maybe rewatched all of the seasons of Scrubs, 720 00:30:25,000 --> 00:30:27,000 Speaker 1: which was a great show, by the way, or Breaking 721 00:30:27,000 --> 00:30:29,680 Speaker 1: Bad or Breaking Bad, which a great show. Yeah, and 722 00:30:29,680 --> 00:30:32,320 Speaker 1: you know, a little TV, a little entertainment. There's nothing 723 00:30:32,360 --> 00:30:34,840 Speaker 1: wrong with that, right your whole quarantine, you shouldn't revolve 724 00:30:34,840 --> 00:30:37,720 Speaker 1: around getting your personal finances in order, but if you 725 00:30:37,760 --> 00:30:40,680 Speaker 1: can spend some of that time to tackle some of 726 00:30:40,680 --> 00:30:42,320 Speaker 1: these money chores, yeah, I think it is going to 727 00:30:42,400 --> 00:30:44,520 Speaker 1: have a major benefit and you're gonna feel better at 728 00:30:44,520 --> 00:30:46,400 Speaker 1: the end of the day to So yeah, just one 729 00:30:46,560 --> 00:30:49,000 Speaker 1: last tip is to to set a calendar reminder, maybe 730 00:30:49,080 --> 00:30:51,960 Speaker 1: once a week for thirty minutes, to see if you 731 00:30:51,960 --> 00:30:53,600 Speaker 1: can tackle one or two of these things in that 732 00:30:53,640 --> 00:30:55,480 Speaker 1: thirty minute time span. And let's say you do that 733 00:30:55,520 --> 00:30:57,120 Speaker 1: for three or four weeks. There's a good amount you're 734 00:30:57,120 --> 00:30:59,080 Speaker 1: gonna be able to get accomplished, and you're gonna be like, Wow, 735 00:30:59,360 --> 00:31:01,200 Speaker 1: in literally an hour and a half two hours time, 736 00:31:01,240 --> 00:31:03,320 Speaker 1: I was able to accomplish a lot of money towards 737 00:31:03,400 --> 00:31:05,400 Speaker 1: that I didn't think we're possible. And that's the beauty 738 00:31:05,440 --> 00:31:07,480 Speaker 1: of having this chore list in front of you. So yeah, 739 00:31:07,520 --> 00:31:09,880 Speaker 1: and again, we'll have all of these listed out in 740 00:31:09,920 --> 00:31:12,479 Speaker 1: our show notes on our website. Nice all right, man, 741 00:31:12,560 --> 00:31:14,320 Speaker 1: let's go ahead and take it back to our beer. 742 00:31:14,400 --> 00:31:17,920 Speaker 1: This episode, you and I shared an Adam beer all 743 00:31:17,960 --> 00:31:20,920 Speaker 1: one word uh and this is by the brewery Crooked 744 00:31:20,960 --> 00:31:24,720 Speaker 1: Stave Artisan Beer Project, and these guys are out of Denver, Colorado. 745 00:31:25,320 --> 00:31:26,800 Speaker 1: I'll go ahead and mention the style of Joel. This 746 00:31:26,880 --> 00:31:28,719 Speaker 1: is a Dortmunder. I don't even know if that's how 747 00:31:28,760 --> 00:31:31,560 Speaker 1: you say it properly, but it's a Dortmunder sour alt 748 00:31:31,600 --> 00:31:35,040 Speaker 1: beer aged in bourbon barrels. Buddy, what were your thoughts 749 00:31:35,040 --> 00:31:38,360 Speaker 1: on this exquisite beer? Uh, it was really good. Yeah, 750 00:31:38,360 --> 00:31:42,320 Speaker 1: I don't know if I've ever had a Dortmunder munder Under. Yeah, 751 00:31:42,640 --> 00:31:45,080 Speaker 1: I'm guessing it's a German word. I didn't do my 752 00:31:45,120 --> 00:31:48,560 Speaker 1: research on this one, didn't howork, but yeah, I made. 753 00:31:48,560 --> 00:31:51,840 Speaker 1: Crooked Save again makes incredible beers and in particular, great 754 00:31:51,840 --> 00:31:54,520 Speaker 1: sour beers. I thought this one had kind of some 755 00:31:54,800 --> 00:31:59,360 Speaker 1: really interesting notes of prune coming through. It was super delicious. 756 00:31:59,360 --> 00:32:01,600 Speaker 1: It also had a rate level of tartness was really 757 00:32:01,640 --> 00:32:05,080 Speaker 1: mouth puckering. I've never had this beer from Crooked Stay before, 758 00:32:05,440 --> 00:32:07,040 Speaker 1: and I was so glad to get to try it 759 00:32:07,040 --> 00:32:10,560 Speaker 1: because it's absolutely delicious. I mean, as we poured this one, uh, 760 00:32:10,600 --> 00:32:13,240 Speaker 1: it had a really dark, kind of leathery brown look 761 00:32:13,320 --> 00:32:15,520 Speaker 1: to it, and I feel like that translated as well 762 00:32:15,560 --> 00:32:17,120 Speaker 1: to the flavor. It almost had like this kind of 763 00:32:17,200 --> 00:32:20,760 Speaker 1: leathery cranberry kind of characteristic is It's kind of like 764 00:32:20,800 --> 00:32:22,239 Speaker 1: the best way I could describe it, like it was 765 00:32:22,240 --> 00:32:24,960 Speaker 1: the sourness reminded me of cranberries, but the leather noess 766 00:32:25,000 --> 00:32:27,480 Speaker 1: maybe came from like the bourbon barrels perhaps, but it 767 00:32:27,480 --> 00:32:29,560 Speaker 1: definitely had some of those dark fruit flavors, like the 768 00:32:29,560 --> 00:32:32,360 Speaker 1: prunes of which you speak. It was a really acidic 769 00:32:32,400 --> 00:32:35,920 Speaker 1: beer though. It was super highly acidic at which I love. 770 00:32:35,960 --> 00:32:38,320 Speaker 1: I'm all about that, and it was also really carbonated. 771 00:32:38,360 --> 00:32:40,760 Speaker 1: It was. It was really kind of fizzy and acidic 772 00:32:40,760 --> 00:32:42,080 Speaker 1: in your mouth at the same time, so it kind 773 00:32:42,080 --> 00:32:46,000 Speaker 1: of made for an aggressive drinking experience. This isn't one 774 00:32:46,000 --> 00:32:48,800 Speaker 1: of those alt beers that are really mellow right where. 775 00:32:48,800 --> 00:32:51,200 Speaker 1: It's been sitting there for for years, and it drinks 776 00:32:51,200 --> 00:32:53,600 Speaker 1: like a flat side pole ale, you know, like you 777 00:32:53,640 --> 00:32:55,840 Speaker 1: get on draft somewhere. But all that being said, I'm 778 00:32:55,840 --> 00:32:58,000 Speaker 1: not knocking it. I really enjoyed this beer. This is 779 00:32:58,000 --> 00:32:59,680 Speaker 1: a really fun one to drink. I'm glad that you 780 00:32:59,720 --> 00:33:02,520 Speaker 1: and I got to have one from this amazing brewery, 781 00:33:02,560 --> 00:33:04,560 Speaker 1: Cricket Stave. And yeah, we're thankful again to all of 782 00:33:04,560 --> 00:33:06,400 Speaker 1: our friends there at the brewery for sending this one 783 00:33:06,440 --> 00:33:07,640 Speaker 1: as well as a few others that we're going to 784 00:33:07,760 --> 00:33:11,040 Speaker 1: enjoy on the podcast. Yeah, man, so good, perfect quarantine beer, 785 00:33:11,040 --> 00:33:13,280 Speaker 1: I would say absolutely, yeah, But that's gonna do it 786 00:33:13,280 --> 00:33:15,520 Speaker 1: for this episode. Map. For folks that want that full 787 00:33:15,560 --> 00:33:17,600 Speaker 1: list of money towards, go to our website how to 788 00:33:17,680 --> 00:33:20,680 Speaker 1: money dot com. That's Rachel. And if you're listening to 789 00:33:20,680 --> 00:33:22,760 Speaker 1: this episode and you've learned a thing or two, we 790 00:33:22,800 --> 00:33:25,360 Speaker 1: would be highly appreciative of you. If you were to 791 00:33:25,400 --> 00:33:27,400 Speaker 1: tell a friend, if you know someone who might need 792 00:33:27,440 --> 00:33:29,440 Speaker 1: some help with their personal finances, we would ask for 793 00:33:29,440 --> 00:33:32,600 Speaker 1: you to point them towards our podcast How the Money. However, 794 00:33:32,800 --> 00:33:34,760 Speaker 1: if you feel that we have room to improve, this 795 00:33:34,800 --> 00:33:36,360 Speaker 1: isn't something we've done in a while, but we used 796 00:33:36,400 --> 00:33:38,200 Speaker 1: to do this every episode, didn't we do? We do 797 00:33:38,280 --> 00:33:40,040 Speaker 1: do this every episode for a while, would ask folks 798 00:33:40,040 --> 00:33:42,960 Speaker 1: to do send to some feedback on a lot of them. Yeah, 799 00:33:43,080 --> 00:33:44,360 Speaker 1: but I forgot that we used to do that, and 800 00:33:44,360 --> 00:33:46,400 Speaker 1: I think we should continue to do that occasionally. And 801 00:33:46,440 --> 00:33:49,120 Speaker 1: so if you feel that we have room to improve, 802 00:33:49,200 --> 00:33:51,560 Speaker 1: if there's something that you want to hear us do differently, 803 00:33:51,800 --> 00:33:54,160 Speaker 1: go to how to Money dot com forward slash do Better, 804 00:33:54,520 --> 00:33:56,640 Speaker 1: and there you can send us a message uh, and 805 00:33:56,640 --> 00:33:58,320 Speaker 1: give us a little bit of feedback on how we 806 00:33:58,360 --> 00:34:01,040 Speaker 1: can improve the show. We're always looking to improve. Yeah, 807 00:34:01,040 --> 00:34:03,600 Speaker 1: and Matt and I read every single message that comes through. 808 00:34:03,720 --> 00:34:05,200 Speaker 1: That's right, all right, Matt. That's going to do it 809 00:34:05,200 --> 00:34:07,800 Speaker 1: for this episode until next time. Best Friends Out, Best 810 00:34:07,840 --> 00:34:08,359 Speaker 1: Friends Out,