1 00:00:00,080 --> 00:00:03,000 Speaker 1: Welcome to How the Money. I'm Joel and I am Matt, 2 00:00:03,080 --> 00:00:06,840 Speaker 1: and today we're discussing three percent mortgages, second hand steels, 3 00:00:07,000 --> 00:00:28,120 Speaker 1: and leg room lunacy. You know what, buddy, this is 4 00:00:28,160 --> 00:00:30,520 Speaker 1: our Friday Flights. Well, we're gonna talk about some of 5 00:00:30,520 --> 00:00:33,800 Speaker 1: the different stories we came across this week, the most 6 00:00:33,840 --> 00:00:36,080 Speaker 1: important headlines that we think you need to pay attention 7 00:00:36,120 --> 00:00:39,040 Speaker 1: to real quick. I wanted to share a quick personal 8 00:00:39,120 --> 00:00:41,960 Speaker 1: anecdote though, So back in the spring when we listened 9 00:00:42,000 --> 00:00:45,240 Speaker 1: our house, back when the housing market was quite hot, 10 00:00:45,360 --> 00:00:49,360 Speaker 1: in particular for the sellers out there, we had a 11 00:00:49,520 --> 00:00:52,519 Speaker 1: number of offers, a number of competitive offers on our 12 00:00:52,520 --> 00:00:55,560 Speaker 1: Place two in particular, we were trying to decide between 13 00:00:55,680 --> 00:00:58,120 Speaker 1: but one of the buyers they had included within their 14 00:00:58,160 --> 00:01:01,000 Speaker 1: offer the ability to stay in mountain cabin. Have we 15 00:01:01,000 --> 00:01:02,800 Speaker 1: talked about this on the show? I can't remember, so 16 00:01:02,960 --> 00:01:04,360 Speaker 1: if we if we have, it's always have to know 17 00:01:04,360 --> 00:01:06,840 Speaker 1: what we've talked about only in real life with you 18 00:01:06,920 --> 00:01:08,840 Speaker 1: and me sitting here in the office, versus what we've 19 00:01:08,840 --> 00:01:10,640 Speaker 1: talked about on the show. And granted, this wouldn't have 20 00:01:10,640 --> 00:01:12,960 Speaker 1: tipped the scales if the other offer was super strong. 21 00:01:13,000 --> 00:01:15,120 Speaker 1: If they had come in with a really high price. 22 00:01:15,920 --> 00:01:17,280 Speaker 1: At that point, it just kind of comes down to 23 00:01:17,319 --> 00:01:18,920 Speaker 1: the numbers. You kind of have to do the math. 24 00:01:19,040 --> 00:01:22,200 Speaker 1: You don't want to overvalue this mountain cabin stay. It's yeah, 25 00:01:22,720 --> 00:01:25,960 Speaker 1: what can I book this formally night let's say exactly 26 00:01:26,000 --> 00:01:28,360 Speaker 1: it's value if maybe an extra thousand bucks, but it 27 00:01:28,400 --> 00:01:30,840 Speaker 1: was still enough to put them on our radar, maybe 28 00:01:30,880 --> 00:01:34,160 Speaker 1: a little bit more than otherwise. Right. But simultaneously I 29 00:01:34,160 --> 00:01:35,679 Speaker 1: was a little bit curious to see if we were 30 00:01:35,680 --> 00:01:37,400 Speaker 1: actually going to take advantage of that, because it's one 31 00:01:37,400 --> 00:01:39,200 Speaker 1: of those things were on paper. It seems like this 32 00:01:39,319 --> 00:01:43,039 Speaker 1: nice perk's offer literally a tent and you're like, dang it, 33 00:01:43,120 --> 00:01:45,800 Speaker 1: no they failed again. They did include pictures and it 34 00:01:45,800 --> 00:01:47,480 Speaker 1: looked really nice, and we thought, oh, this is this 35 00:01:47,520 --> 00:01:51,120 Speaker 1: is actually something we should consider as we're making a decision. Well, 36 00:01:51,200 --> 00:01:53,040 Speaker 1: the good news is that we actually just booked it. 37 00:01:53,200 --> 00:01:55,160 Speaker 1: We we've kind of been in touch with them, and 38 00:01:55,640 --> 00:01:57,400 Speaker 1: we weren't sure if we're going to reach out to 39 00:01:57,440 --> 00:01:59,880 Speaker 1: them and they're gonna say, oh, by the way, it's 40 00:02:00,080 --> 00:02:01,640 Speaker 1: book for the next two years. That was a joke, 41 00:02:03,080 --> 00:02:05,080 Speaker 1: but we know it's in the contract man. No, yeah, 42 00:02:05,520 --> 00:02:08,560 Speaker 1: it was, And that is something that we just books. 43 00:02:08,600 --> 00:02:10,720 Speaker 1: I'm actually, yeah, we're looking forward to doing that this 44 00:02:10,720 --> 00:02:12,560 Speaker 1: this fall for a few days. But the reason I 45 00:02:12,560 --> 00:02:14,720 Speaker 1: wanted to share that is because it was a way 46 00:02:14,760 --> 00:02:17,400 Speaker 1: that these buyers that they got creative in order to 47 00:02:17,480 --> 00:02:20,120 Speaker 1: get the house that they wanted. Uh. And we're actually 48 00:02:20,240 --> 00:02:24,239 Speaker 1: seeing that in other ways, not necessarily from the buyer's standpoint, 49 00:02:24,280 --> 00:02:26,919 Speaker 1: but from the seller standpoint. So our first story, we're 50 00:02:26,919 --> 00:02:30,919 Speaker 1: gonna talk about mortgage loan assumptions because obviously mortgage rates, 51 00:02:31,160 --> 00:02:32,520 Speaker 1: you know, like they're still low if you if you 52 00:02:32,560 --> 00:02:34,280 Speaker 1: take kind of like if you zoom out and take 53 00:02:34,280 --> 00:02:35,560 Speaker 1: a long term look. I kinda want to make a 54 00:02:35,639 --> 00:02:37,920 Speaker 1: joke about assumptions here, by the way, because I don't know, 55 00:02:38,080 --> 00:02:40,079 Speaker 1: you know what they say about people who make assumptions, 56 00:02:40,160 --> 00:02:43,200 Speaker 1: right man, But I think this type of assumptions, though, 57 00:02:43,280 --> 00:02:45,840 Speaker 1: are a good thing. Exactly. Yeah, So let's just like 58 00:02:46,000 --> 00:02:49,240 Speaker 1: spell that out real quick. This assumption is literally you 59 00:02:49,320 --> 00:02:52,640 Speaker 1: taking over somebody else's mortgage, right, So not going out 60 00:02:52,680 --> 00:02:54,720 Speaker 1: and getting your own mortgage, but when someone is selling 61 00:02:54,760 --> 00:02:57,399 Speaker 1: that house, you are saying, not only am I taking 62 00:02:57,440 --> 00:02:59,680 Speaker 1: your house, when I'm taking your mortgage at the same time, exactly, 63 00:02:59,800 --> 00:03:02,560 Speaker 1: And and The interesting thing is that almost nobody did 64 00:03:02,560 --> 00:03:06,800 Speaker 1: this for a whole lot of years. But as mortgage 65 00:03:06,880 --> 00:03:11,360 Speaker 1: rates have risen just astronomically recently, we've we've seen a 66 00:03:11,440 --> 00:03:14,400 Speaker 1: lot more mortgage assumptions taking place now that rates are 67 00:03:14,600 --> 00:03:16,919 Speaker 1: in the six percent range. It's pricing some folks out 68 00:03:16,919 --> 00:03:19,480 Speaker 1: of the out of the housing market. Well, if you 69 00:03:19,560 --> 00:03:21,840 Speaker 1: get that same house, same price, but with a three 70 00:03:21,919 --> 00:03:24,360 Speaker 1: percent mortgage, you might be able to afford it, right, 71 00:03:24,639 --> 00:03:27,200 Speaker 1: And there are what will point out a big chunk 72 00:03:27,200 --> 00:03:30,160 Speaker 1: of loans that are not assumable based on the way 73 00:03:30,160 --> 00:03:33,160 Speaker 1: the contract is written from that mortgage lender, like they 74 00:03:33,200 --> 00:03:36,160 Speaker 1: can't transfer it into your name. These are specifically government 75 00:03:36,200 --> 00:03:39,200 Speaker 1: backboard like that like v A loans, loans, U s 76 00:03:39,240 --> 00:03:40,800 Speaker 1: d A loans, some of these loans that are directly 77 00:03:40,840 --> 00:03:44,160 Speaker 1: backed by the US government exactly. So. The interesting thing though, 78 00:03:44,280 --> 00:03:48,000 Speaker 1: is as you're out there searching for homes to buy, 79 00:03:48,160 --> 00:03:52,960 Speaker 1: you're going to likely see people touting this inside of 80 00:03:53,000 --> 00:03:56,560 Speaker 1: the listing, right because if they have this two point 81 00:03:56,560 --> 00:03:59,000 Speaker 1: seven five percent mortgage or three and a half percent 82 00:03:59,040 --> 00:04:02,840 Speaker 1: mortgage that they're willing to let you assume that's an 83 00:04:03,320 --> 00:04:08,120 Speaker 1: that's a huge check mark for them and for their property. 84 00:04:08,240 --> 00:04:11,240 Speaker 1: They're gonna get a lot more potential buyers if those 85 00:04:11,240 --> 00:04:14,120 Speaker 1: buyers know that they can take on that much lower mortgage. 86 00:04:14,200 --> 00:04:16,480 Speaker 1: Right at the same time, I will say it's a 87 00:04:16,480 --> 00:04:19,200 Speaker 1: tricky process though, even if you even if the house 88 00:04:19,240 --> 00:04:22,000 Speaker 1: does come with an assumable loan, for instance, it maybe 89 00:04:22,000 --> 00:04:25,000 Speaker 1: that loan might only cover the purchase price and you've 90 00:04:25,040 --> 00:04:28,880 Speaker 1: got to either bring cash or get another. Loans are 91 00:04:28,920 --> 00:04:31,800 Speaker 1: so much higher likely than when they actually purchase that home. 92 00:04:31,839 --> 00:04:34,040 Speaker 1: So yeah, it may not only it may only cover 93 00:04:34,360 --> 00:04:38,120 Speaker 1: a small portion of the overall purchase price of that property. Yeah, 94 00:04:38,160 --> 00:04:41,320 Speaker 1: but that Wall Street Journal article about assumable mortgages was 95 00:04:41,360 --> 00:04:44,000 Speaker 1: something I was like, I I know it's more common 96 00:04:44,040 --> 00:04:45,840 Speaker 1: actually in other countries, I believe in Great Britain. It's 97 00:04:45,839 --> 00:04:47,520 Speaker 1: one of those things. It's kind of hard for the course, 98 00:04:47,960 --> 00:04:50,479 Speaker 1: and it would it would seem like this should be 99 00:04:50,560 --> 00:04:54,280 Speaker 1: more normal here where you don't have to but the 100 00:04:54,320 --> 00:04:58,200 Speaker 1: bank's benefit right from every time somebody does takes out 101 00:04:58,200 --> 00:05:00,520 Speaker 1: a fresh new loan, when if we just had more 102 00:05:00,520 --> 00:05:02,280 Speaker 1: assumable loans, it would cut down on some of those 103 00:05:02,279 --> 00:05:05,320 Speaker 1: transaction fees that were always railing against matt when it 104 00:05:05,320 --> 00:05:07,719 Speaker 1: comes to buying and selling real estate. I would love 105 00:05:07,760 --> 00:05:11,640 Speaker 1: to see more mortgage loans become assumable, more people transferring 106 00:05:11,640 --> 00:05:14,760 Speaker 1: mortgages to each other as they buy or sell a house. 107 00:05:15,279 --> 00:05:16,960 Speaker 1: But I don't know. It's good to see at least 108 00:05:16,960 --> 00:05:19,920 Speaker 1: a little bit of uptick in this regard, that's right. Yeah, 109 00:05:19,960 --> 00:05:21,800 Speaker 1: so there is a way for you to get that 110 00:05:22,040 --> 00:05:25,640 Speaker 1: two and three quarters mortgage radees, but they're they're just 111 00:05:25,720 --> 00:05:28,760 Speaker 1: you and far between. Not not terribly easy, but it's possible, 112 00:05:29,160 --> 00:05:32,280 Speaker 1: all right. So we talked recently about the duopoly and 113 00:05:32,320 --> 00:05:35,400 Speaker 1: the monopoly reality that most folks face when it comes 114 00:05:35,440 --> 00:05:39,240 Speaker 1: to paying for internet at home. There are really just 115 00:05:39,320 --> 00:05:41,640 Speaker 1: a few companies around the country who are out there 116 00:05:41,640 --> 00:05:44,960 Speaker 1: competing with each other. So the options they remain pretty crappy, 117 00:05:45,240 --> 00:05:47,200 Speaker 1: and the prices because of that, they stay pretty high. 118 00:05:47,279 --> 00:05:50,279 Speaker 1: Speeds are low, and your mostly bill is exorbit But 119 00:05:50,360 --> 00:05:52,920 Speaker 1: one thing that we failed to mission is that technology 120 00:05:53,000 --> 00:05:56,480 Speaker 1: is helping to bring more competition to the space, helping 121 00:05:56,560 --> 00:05:59,960 Speaker 1: this to hopefully become more of a problem of the past. 122 00:06:00,560 --> 00:06:02,440 Speaker 1: Some of the major cell phone companies out there, like 123 00:06:02,600 --> 00:06:06,120 Speaker 1: Verizon and T Mobile, they are selling their five G 124 00:06:06,320 --> 00:06:09,640 Speaker 1: cell service, but it's not just cell phone service, it's 125 00:06:09,640 --> 00:06:13,320 Speaker 1: actually gonna be able to replace your current WiFi set 126 00:06:13,400 --> 00:06:15,480 Speaker 1: up that you have at home. And the price, it's 127 00:06:15,560 --> 00:06:17,800 Speaker 1: it's not all that bad either. It's like it's a 128 00:06:17,839 --> 00:06:20,720 Speaker 1: fifty bucks from T Mobile. Uh and plans start at 129 00:06:20,760 --> 00:06:24,239 Speaker 1: fifty dollars as well with Verizon, although folks who currently 130 00:06:24,279 --> 00:06:26,840 Speaker 1: have Verizon for cell phone service they can get an 131 00:06:26,839 --> 00:06:30,240 Speaker 1: even lower rate by bundling. I haven't tested these out personally, 132 00:06:30,880 --> 00:06:33,440 Speaker 1: but from what we've read, the reviews look really good 133 00:06:33,480 --> 00:06:35,160 Speaker 1: and the price is good as well. Uh And so 134 00:06:35,200 --> 00:06:36,800 Speaker 1: it's it's good to see that there these are some 135 00:06:36,920 --> 00:06:39,599 Speaker 1: kind of like realistic options that would allow you to 136 00:06:40,200 --> 00:06:42,920 Speaker 1: take a completely different approach to getting internet at home 137 00:06:43,080 --> 00:06:46,279 Speaker 1: as opposed to going the more traditional path, which always 138 00:06:46,320 --> 00:06:48,039 Speaker 1: feels so cumbersome as well. Right, like you, So you 139 00:06:48,040 --> 00:06:50,400 Speaker 1: have to be there in person because the guy is 140 00:06:50,400 --> 00:06:52,040 Speaker 1: going to show up. I think he's gonna drill a 141 00:06:52,120 --> 00:06:55,880 Speaker 1: random hole in your house. Who knows where exactly, He's 142 00:06:55,880 --> 00:06:58,680 Speaker 1: just gonna drill over everyone. When we moved in the 143 00:06:58,680 --> 00:07:00,200 Speaker 1: A T and T guy came out, we we had 144 00:07:00,200 --> 00:07:01,960 Speaker 1: to talk a long time about where he's gonna put 145 00:07:01,960 --> 00:07:04,280 Speaker 1: this whole and it was just kind of I don't know, it. 146 00:07:04,440 --> 00:07:06,760 Speaker 1: It took a long time. These five five G service 147 00:07:06,839 --> 00:07:09,119 Speaker 1: at it seems like it's it's going to be the future. 148 00:07:09,240 --> 00:07:11,840 Speaker 1: And the speeds or something like in the in the 149 00:07:11,880 --> 00:07:13,840 Speaker 1: average range of a hundred megs up to like a 150 00:07:13,880 --> 00:07:16,400 Speaker 1: hundred and eighty megs with a couple of these plans, 151 00:07:16,480 --> 00:07:19,720 Speaker 1: So it's worth looking into. Let's say, if you're currently 152 00:07:19,720 --> 00:07:24,360 Speaker 1: paying for internet service every single month, but that speed 153 00:07:24,400 --> 00:07:26,200 Speaker 1: is going to serve you just fine, or maybe you 154 00:07:26,320 --> 00:07:29,040 Speaker 1: just found that like yeah, you've called the customer retention 155 00:07:29,040 --> 00:07:32,200 Speaker 1: department again, like we've suggested, and they have finally got 156 00:07:32,240 --> 00:07:35,239 Speaker 1: onto your game, and then they're not lowering your rate anymore. 157 00:07:35,360 --> 00:07:38,600 Speaker 1: Typically they will, but not always. Well, it might be 158 00:07:38,720 --> 00:07:40,600 Speaker 1: it might be time to try out one of these 159 00:07:40,600 --> 00:07:42,440 Speaker 1: five G plans, and if you do, let us know, 160 00:07:42,560 --> 00:07:44,320 Speaker 1: let us know how it goes. And that one thing 161 00:07:44,360 --> 00:07:46,280 Speaker 1: you you mentioned was that if you are currently a 162 00:07:46,360 --> 00:07:48,800 Speaker 1: Verizon customer, you can get an even better deal on 163 00:07:48,840 --> 00:07:51,520 Speaker 1: this five G service. Sadly that means that you're paying 164 00:07:51,560 --> 00:07:54,200 Speaker 1: so much extra though for cell phone service that's probably 165 00:07:54,240 --> 00:07:56,280 Speaker 1: not worth it. If you mean, if you just leave, 166 00:07:56,680 --> 00:07:59,040 Speaker 1: sit down and do the math, like take the whole 167 00:07:59,040 --> 00:08:01,520 Speaker 1: picture into account, right, because if maybe you are with 168 00:08:01,600 --> 00:08:03,880 Speaker 1: Mint Mobile, uh, and you've got that price down and 169 00:08:03,920 --> 00:08:05,920 Speaker 1: you are able to pay maybe more than you want 170 00:08:05,960 --> 00:08:09,120 Speaker 1: to because you are with Comcast. But if your overall 171 00:08:09,160 --> 00:08:10,880 Speaker 1: net cost is going to be lower, of course, stick 172 00:08:10,920 --> 00:08:12,560 Speaker 1: with what you've got going on. But if you do 173 00:08:12,600 --> 00:08:14,280 Speaker 1: the math and you realize that, you know what, paying 174 00:08:14,280 --> 00:08:17,559 Speaker 1: more for a Verizon cellfone service, uh, that would allow 175 00:08:17,600 --> 00:08:19,760 Speaker 1: me to pay a lot less for my home internet, 176 00:08:19,920 --> 00:08:21,640 Speaker 1: you could totally come out ahead. Yeah, because I think 177 00:08:21,720 --> 00:08:23,240 Speaker 1: comes down to the numbers. Baby. I saw if you're 178 00:08:23,240 --> 00:08:25,240 Speaker 1: actually a Verizon cell customer, you can get the internet 179 00:08:25,280 --> 00:08:27,320 Speaker 1: for as low as twenty five dollars a month. It 180 00:08:27,480 --> 00:08:29,600 Speaker 1: was like, that's pretty good, pretty sweet. Yeah. Alright, let's 181 00:08:29,600 --> 00:08:31,920 Speaker 1: talk about travel for a second, because we had travel 182 00:08:31,920 --> 00:08:34,079 Speaker 1: expert Scott Kais on the show a while back. Matt 183 00:08:34,120 --> 00:08:36,000 Speaker 1: and we we talked a little bit about leg room 184 00:08:36,520 --> 00:08:39,840 Speaker 1: on airplanes or the lack thereof, and airlines are, of course, 185 00:08:39,840 --> 00:08:43,320 Speaker 1: they're doing their best to charge us more for tiny 186 00:08:43,360 --> 00:08:46,720 Speaker 1: slivers of extra space as they've shrunk the distance between 187 00:08:46,760 --> 00:08:49,720 Speaker 1: seats by a meaningful number of inches over the past 188 00:08:49,760 --> 00:08:52,680 Speaker 1: couple of decades. Matt, I'm six ft six and so 189 00:08:53,080 --> 00:08:55,679 Speaker 1: every inch of leg room they take away. I feel 190 00:08:55,679 --> 00:08:58,880 Speaker 1: it like in my knees, in my back, all over, 191 00:08:59,160 --> 00:09:02,040 Speaker 1: and so I don't love feel it in a pinky. 192 00:09:02,720 --> 00:09:06,160 Speaker 1: It hurts there too, exactly exactly. My left ear lobe 193 00:09:06,880 --> 00:09:09,439 Speaker 1: particularly throbs Matt on these long flights. But I've actually 194 00:09:09,440 --> 00:09:13,679 Speaker 1: seen some drawings recently for potential cabin configurations where you're 195 00:09:13,720 --> 00:09:15,880 Speaker 1: more in like an upright seat where they're packing a 196 00:09:15,880 --> 00:09:17,480 Speaker 1: whole lot more people in and you're in this like 197 00:09:17,559 --> 00:09:21,040 Speaker 1: semi standing positions, like an adjustable bike seat basically strattle, 198 00:09:21,160 --> 00:09:23,360 Speaker 1: and you're yeah, it's almost like the steading roller coasters 199 00:09:23,400 --> 00:09:26,480 Speaker 1: that you like, get It's almost exactly like that. That's 200 00:09:26,520 --> 00:09:30,440 Speaker 1: the best. Yeah, that's one only lasts uh forty five seconds, 201 00:09:30,440 --> 00:09:32,240 Speaker 1: whereas the other last for four and a half out 202 00:09:32,360 --> 00:09:35,400 Speaker 1: right right, Well, I mean no, no carriers have actually 203 00:09:35,440 --> 00:09:38,920 Speaker 1: tried to implement anything like this yet. But the interesting 204 00:09:39,000 --> 00:09:41,679 Speaker 1: thing is they might not have the chance because apparently 205 00:09:41,760 --> 00:09:46,240 Speaker 1: the Department of Transportation is considering imposing a minimum seat 206 00:09:46,280 --> 00:09:49,320 Speaker 1: requirements for how much legroom people have, and it's currently 207 00:09:49,320 --> 00:09:52,360 Speaker 1: open for public comment on their site. Now, I, Matt, 208 00:09:52,400 --> 00:09:54,400 Speaker 1: like I told you, I don't like being crammed into 209 00:09:54,400 --> 00:09:57,760 Speaker 1: a seat. I don't like feeling like a sardine where 210 00:09:57,800 --> 00:10:00,000 Speaker 1: my knees are literally buffled up against the seat and 211 00:10:00,040 --> 00:10:02,040 Speaker 1: front of me. But I will say I also like 212 00:10:02,040 --> 00:10:05,560 Speaker 1: saving money, and I am more than willing to endure 213 00:10:05,600 --> 00:10:09,080 Speaker 1: some discomfort to save an extra couple hundred dollars on 214 00:10:09,240 --> 00:10:11,360 Speaker 1: a three or four hour flight. So I'm not the 215 00:10:11,440 --> 00:10:14,400 Speaker 1: kind of person who wants to fly first class, who 216 00:10:14,440 --> 00:10:16,960 Speaker 1: wants even the premium economy. Stick me in the back 217 00:10:17,120 --> 00:10:19,400 Speaker 1: with all the regular folks who also have their knees 218 00:10:19,400 --> 00:10:21,120 Speaker 1: cram begins to seat in front of them. Um, if 219 00:10:21,160 --> 00:10:22,920 Speaker 1: it means I get to save money, I'm totally cool 220 00:10:22,920 --> 00:10:25,360 Speaker 1: with it. So we're stuck hearing you complaining about it, 221 00:10:25,559 --> 00:10:27,440 Speaker 1: like Jill does not want to be forced to pay that, 222 00:10:27,559 --> 00:10:30,800 Speaker 1: But you always shall have the option to pay for that, 223 00:10:30,840 --> 00:10:32,720 Speaker 1: all right. Like that's the thing that we love so 224 00:10:32,840 --> 00:10:34,760 Speaker 1: much about the way things I guess currently are is 225 00:10:34,800 --> 00:10:37,520 Speaker 1: that you have the choice. Like imagine if you wanted 226 00:10:37,559 --> 00:10:39,280 Speaker 1: to fly somewhere you didn't have a ton of money, 227 00:10:39,320 --> 00:10:42,120 Speaker 1: but you gotta fly, Well, you're probably gonna consider going 228 00:10:42,160 --> 00:10:44,559 Speaker 1: with Spirit or you know, somebody like that where you 229 00:10:44,600 --> 00:10:46,440 Speaker 1: can basically sneer at you the whole time. You know, 230 00:10:46,440 --> 00:10:48,080 Speaker 1: like they're going to charge you for every little thing, 231 00:10:48,080 --> 00:10:50,400 Speaker 1: But it is most likely absolutely be the best way 232 00:10:50,480 --> 00:10:52,560 Speaker 1: to save and to be able to fly there for 233 00:10:52,600 --> 00:10:56,880 Speaker 1: the least amount of money possible. But if these regulations pass, uh, 234 00:10:57,080 --> 00:11:00,000 Speaker 1: guess what, that more affordable fare isn't going to exist 235 00:11:00,120 --> 00:11:02,960 Speaker 1: because essentially you're you're you're forcing the airlines to pass 236 00:11:03,000 --> 00:11:04,960 Speaker 1: some of those costs onto you. One of the other 237 00:11:05,160 --> 00:11:08,880 Speaker 1: most beautiful things about the major discounters like Spirit Matt 238 00:11:09,240 --> 00:11:12,520 Speaker 1: is the number show. When Spirit comes into a market, 239 00:11:12,920 --> 00:11:15,520 Speaker 1: the amount of money that the major airlines are charging 240 00:11:15,559 --> 00:11:18,400 Speaker 1: for seats goes down to So it's not just the 241 00:11:18,440 --> 00:11:21,040 Speaker 1: fact that they're tramping people into cheap seats on on 242 00:11:21,040 --> 00:11:22,880 Speaker 1: the Spirit airlines and that you could save money that way. 243 00:11:23,200 --> 00:11:26,000 Speaker 1: It just because of the competition. Just because there are 244 00:11:26,480 --> 00:11:30,440 Speaker 1: cheaper seats on Spirit means that their competitors, the even 245 00:11:30,440 --> 00:11:33,160 Speaker 1: the ones that are are fullfair airlines, are gonna they're 246 00:11:33,200 --> 00:11:35,560 Speaker 1: gonna be cheaper too, exactly because if they're forced to 247 00:11:35,600 --> 00:11:37,679 Speaker 1: have fewer seats on these planes, that's going to lead 248 00:11:37,720 --> 00:11:40,520 Speaker 1: to higher prices. Uh. But you know, so in the end, 249 00:11:40,520 --> 00:11:42,600 Speaker 1: we'll we'll see what happens. We don't know, um fingers 250 00:11:42,640 --> 00:11:44,679 Speaker 1: across those of the airlines that they keep doing their 251 00:11:44,720 --> 00:11:47,480 Speaker 1: thing and that customers they are able to choose the 252 00:11:47,480 --> 00:11:50,280 Speaker 1: airline that they want to do business with accordingly, because 253 00:11:50,360 --> 00:11:52,720 Speaker 1: that's the thing. Over time, it depends on It's not 254 00:11:52,760 --> 00:11:54,840 Speaker 1: even just you and what you're gradually getting used to, 255 00:11:54,880 --> 00:11:57,280 Speaker 1: but like it depends maybe from trip to trip or 256 00:11:57,280 --> 00:11:58,720 Speaker 1: even year to year. You might have like a really 257 00:11:58,720 --> 00:12:00,880 Speaker 1: good year and you're thinking, you know it, you know, 258 00:12:00,880 --> 00:12:03,400 Speaker 1: if I'm flying anywhere this year, I'm gonna do first class. Baby, like, 259 00:12:03,520 --> 00:12:06,360 Speaker 1: no longer shall my knees be crammed. But like let's 260 00:12:06,360 --> 00:12:08,040 Speaker 1: say three years from now, in fact, growth three more 261 00:12:08,040 --> 00:12:12,000 Speaker 1: inches and it becomes just untenable. Likely you're done growing. 262 00:12:12,160 --> 00:12:14,120 Speaker 1: But but you have the option. And that's what I 263 00:12:14,120 --> 00:12:15,880 Speaker 1: love the most is that folks have the option to 264 00:12:15,880 --> 00:12:18,160 Speaker 1: do that. Although that being said, some of these, uh, 265 00:12:18,240 --> 00:12:20,240 Speaker 1: the extra leg room seats out there, they come with 266 00:12:20,280 --> 00:12:22,360 Speaker 1: extra perks, like free drinks, which is kind of cool, 267 00:12:22,840 --> 00:12:25,280 Speaker 1: and you know, flying so that your knees so that 268 00:12:25,320 --> 00:12:26,840 Speaker 1: they don't ram into the seat in front of you, 269 00:12:27,000 --> 00:12:29,920 Speaker 1: like that might be your craft beer equivalent, or you 270 00:12:30,000 --> 00:12:32,480 Speaker 1: might feel that that's just a basic human need from 271 00:12:32,480 --> 00:12:34,680 Speaker 1: your your point of view, But I think what's important 272 00:12:34,679 --> 00:12:37,320 Speaker 1: to keep in mind is that do you want to 273 00:12:37,360 --> 00:12:39,640 Speaker 1: have the choice to make this purchase on your own 274 00:12:39,720 --> 00:12:41,240 Speaker 1: or do you want to be forced? Do you want 275 00:12:41,280 --> 00:12:44,720 Speaker 1: to be coerced into paying more? Because everybody is having 276 00:12:44,800 --> 00:12:47,640 Speaker 1: to provide, you know, fewer seats on a plane, they're 277 00:12:47,640 --> 00:12:50,000 Speaker 1: having to provide more leg room for everybody. Like, I 278 00:12:50,040 --> 00:12:51,600 Speaker 1: want people to have the choice, that's all. I can't 279 00:12:51,600 --> 00:12:54,400 Speaker 1: imagine getting behind the wheel of Masa Miyata. Those things 280 00:12:54,440 --> 00:12:56,800 Speaker 1: seem tiny, and I think they should be wiped off 281 00:12:56,840 --> 00:12:58,720 Speaker 1: the face of the earth. Accordingly, like people who are 282 00:12:58,720 --> 00:13:00,560 Speaker 1: six six probably shouldn't be dry in those cars. So 283 00:13:00,600 --> 00:13:03,079 Speaker 1: there's a lot of Masa Miata fans. There's like, there's 284 00:13:03,080 --> 00:13:04,679 Speaker 1: a lot of people who are five four who taking 285 00:13:04,760 --> 00:13:06,959 Speaker 1: circuit and all they do is raise hota. Really do 286 00:13:07,000 --> 00:13:09,679 Speaker 1: you know that? Yeah? You remember Corey, our our old buddy. 287 00:13:10,000 --> 00:13:12,880 Speaker 1: He used to be part of this uh Miata group 288 00:13:13,080 --> 00:13:15,120 Speaker 1: and they all got their mia have like a cult 289 00:13:15,120 --> 00:13:17,080 Speaker 1: following take him to the track. I would imagine the 290 00:13:17,080 --> 00:13:20,720 Speaker 1: cult following is mostly involved short people. But ironically enough, 291 00:13:20,800 --> 00:13:23,040 Speaker 1: Core was at least six, he was decent, and he 292 00:13:23,120 --> 00:13:25,520 Speaker 1: drove a Miata. Maybe they've got more legroom than I'm 293 00:13:25,559 --> 00:13:28,960 Speaker 1: giving them credit for him. Maybe so well, speaking of 294 00:13:29,360 --> 00:13:32,880 Speaker 1: the airlines, last week the U. S Department of Transportation, 295 00:13:33,120 --> 00:13:35,760 Speaker 1: they published a really helpful chart that's gonna allow you 296 00:13:35,840 --> 00:13:38,920 Speaker 1: to know what you're entitled to if you're affected by 297 00:13:39,600 --> 00:13:43,520 Speaker 1: what's known as a controllable flight cancelation or delay. And 298 00:13:43,559 --> 00:13:46,560 Speaker 1: this includes things like maintenance problems or let's say they 299 00:13:46,559 --> 00:13:49,600 Speaker 1: don't have the right crew members for your flight, baggage 300 00:13:49,640 --> 00:13:53,000 Speaker 1: loading or fueling problems. Will actually link to this in 301 00:13:53,040 --> 00:13:57,359 Speaker 1: the show notes. But for example, if there's an overnight delay, 302 00:13:57,480 --> 00:14:01,160 Speaker 1: virtually all of the airline carriers they've admitted to providing 303 00:14:01,200 --> 00:14:04,720 Speaker 1: passengers with a complimentary hotel stay, all of them except 304 00:14:04,760 --> 00:14:08,880 Speaker 1: for one matt Uh not Spirit actually, but Frontier. But yeah, 305 00:14:09,120 --> 00:14:12,360 Speaker 1: just because an airline hasn't committed to certain amenities across 306 00:14:12,400 --> 00:14:14,560 Speaker 1: the board, just because they're not listed on this website 307 00:14:14,880 --> 00:14:17,760 Speaker 1: as offering that benefit, that doesn't mean that they won't 308 00:14:17,800 --> 00:14:20,440 Speaker 1: hook you up if you ask. So it's important to 309 00:14:20,480 --> 00:14:23,840 Speaker 1: know that it's often up to the discretion of the 310 00:14:23,880 --> 00:14:28,080 Speaker 1: individual carrier and even the actual employee who you're speaking with, right, 311 00:14:28,120 --> 00:14:31,000 Speaker 1: So it depends if if what what seats they sat 312 00:14:31,000 --> 00:14:33,400 Speaker 1: in in order to Is Jan having a good day? 313 00:14:33,640 --> 00:14:37,080 Speaker 1: We don't know, but maybe Margaret over here is feeling 314 00:14:37,080 --> 00:14:39,680 Speaker 1: a little little happier and she's willing to make sure 315 00:14:39,720 --> 00:14:42,040 Speaker 1: you're taking care of right, But she got to set 316 00:14:42,080 --> 00:14:43,840 Speaker 1: in that extra first class seat. She didn't have to. 317 00:14:43,880 --> 00:14:45,800 Speaker 1: What's the jump? Is that the jump seat that the 318 00:14:45,960 --> 00:14:49,480 Speaker 1: uh the airline doesn't Is that the best seat in 319 00:14:49,480 --> 00:14:50,960 Speaker 1: the in the house. No, not the bet They're just 320 00:14:51,000 --> 00:14:53,000 Speaker 1: like a little fold out like a piece of wood 321 00:14:53,040 --> 00:14:56,280 Speaker 1: or something like that. They do not look super comfortable. 322 00:14:56,360 --> 00:14:58,520 Speaker 1: Let's well, well, yeah, I just it's just is important 323 00:14:58,520 --> 00:15:01,200 Speaker 1: to mention one that this exists and that you can 324 00:15:01,240 --> 00:15:03,080 Speaker 1: kind of see what you're entitled to, but also that 325 00:15:03,160 --> 00:15:06,400 Speaker 1: even if you're not publicly entitled to some sort of 326 00:15:06,440 --> 00:15:09,600 Speaker 1: compensation for one of these, you know, for a cancelation 327 00:15:09,680 --> 00:15:12,480 Speaker 1: or for a delay, you can still advocate for yourself 328 00:15:12,680 --> 00:15:14,920 Speaker 1: often again Matt via Twitter. Twitter is one of the 329 00:15:15,000 --> 00:15:18,200 Speaker 1: best ways to get ahold of airline customer service and 330 00:15:18,200 --> 00:15:20,320 Speaker 1: and lots of times they'll take care of you when 331 00:15:20,400 --> 00:15:23,440 Speaker 1: legally they're not even required to. That's right, dude, All right, 332 00:15:23,480 --> 00:15:25,960 Speaker 1: we have several other stories we're gonna get to including 333 00:15:26,600 --> 00:15:29,480 Speaker 1: sacrificing a little bit of your privacy in order to 334 00:15:29,520 --> 00:15:32,440 Speaker 1: save more on insurance. We've got that story plus a 335 00:15:32,480 --> 00:15:44,080 Speaker 1: few others right after this. All right, we're going to 336 00:15:44,120 --> 00:15:46,920 Speaker 1: continue here on the Friday flight. We're gonna talk continue 337 00:15:46,920 --> 00:15:49,480 Speaker 1: to cover some stories that we found interesting this week, 338 00:15:49,600 --> 00:15:53,000 Speaker 1: how they pertain to your personal finances. And of course 339 00:15:53,000 --> 00:15:55,120 Speaker 1: we always get to the ludicrous headline of the week 340 00:15:55,520 --> 00:15:58,560 Speaker 1: that's right now, and this one comes from Axios. The 341 00:15:58,600 --> 00:16:04,040 Speaker 1: headline reads new company encourages donate now, pay later charitable giving, 342 00:16:04,880 --> 00:16:07,880 Speaker 1: and the headline Matt just gave me the willies. I 343 00:16:07,920 --> 00:16:09,760 Speaker 1: was like, I know where this is going. It cannot 344 00:16:09,800 --> 00:16:13,280 Speaker 1: be good. It's basically by now, pay later. But instead 345 00:16:13,320 --> 00:16:15,240 Speaker 1: of spending your money on an item you want, it's 346 00:16:15,240 --> 00:16:17,280 Speaker 1: for giving money away to a cause that you care about. 347 00:16:17,360 --> 00:16:19,080 Speaker 1: Let's just say we were not surprised to see that. 348 00:16:19,160 --> 00:16:20,640 Speaker 1: I mean, it's as as you see that, you're like, well, 349 00:16:20,640 --> 00:16:23,160 Speaker 1: of course, yeah, about of course it went there, that 350 00:16:23,240 --> 00:16:25,880 Speaker 1: this is where it went. Yeah, it's it's kind of 351 00:16:26,160 --> 00:16:29,040 Speaker 1: it's inevitable, right, It's it's a domino effect. We start 352 00:16:29,080 --> 00:16:32,480 Speaker 1: with BNPL, we get to g mp L and now yeah, 353 00:16:32,520 --> 00:16:34,800 Speaker 1: you don't even have to have the money in your 354 00:16:34,800 --> 00:16:37,200 Speaker 1: possession to give two causes you care about. They're just 355 00:16:37,400 --> 00:16:39,440 Speaker 1: so many problems with this though that it's it's hard 356 00:16:39,480 --> 00:16:42,320 Speaker 1: to know really where to start. Like one, you're giving 357 00:16:42,320 --> 00:16:44,640 Speaker 1: away money you don't have to give to there's now 358 00:16:44,680 --> 00:16:48,560 Speaker 1: a middleman taking a cut of your donation somewhere between 359 00:16:48,600 --> 00:16:52,000 Speaker 1: eight and fifteen percent. So the charity that you couldn't 360 00:16:52,040 --> 00:16:54,520 Speaker 1: wait to support until you actually had the money, well 361 00:16:54,520 --> 00:16:57,240 Speaker 1: now they're not getting anywhere near the full benefit they 362 00:16:57,280 --> 00:17:00,840 Speaker 1: would have if you gave to them directly. Although I 363 00:17:00,880 --> 00:17:03,360 Speaker 1: will say that one of the things that the company 364 00:17:03,360 --> 00:17:05,480 Speaker 1: behind this that like one of their stats was that 365 00:17:05,760 --> 00:17:10,920 Speaker 1: something will give twice as much if they're presented with 366 00:17:10,960 --> 00:17:13,120 Speaker 1: this option. Whether or not that that is a good 367 00:17:13,119 --> 00:17:16,000 Speaker 1: thing is like, that's another debate, right, But the fact 368 00:17:16,080 --> 00:17:19,040 Speaker 1: that certain nonprofits out there are able to potentially receive 369 00:17:19,080 --> 00:17:21,119 Speaker 1: even even more money, that's what the BNP is a 370 00:17:21,119 --> 00:17:23,720 Speaker 1: good argument have said the whole the whole time, folks 371 00:17:23,720 --> 00:17:26,840 Speaker 1: will spend more, Yeah, hey, put us on your website Amazon, 372 00:17:27,000 --> 00:17:29,240 Speaker 1: and because people are gonna have bigger shopping carts because 373 00:17:29,240 --> 00:17:31,840 Speaker 1: they're gonna buy more than they can actually afford and 374 00:17:31,920 --> 00:17:33,560 Speaker 1: this is going to be good all the way around 375 00:17:33,600 --> 00:17:36,040 Speaker 1: for everyone. It's going to increase your bottom line. But 376 00:17:36,359 --> 00:17:38,720 Speaker 1: when you're giving away more money, I get why that 377 00:17:38,800 --> 00:17:41,960 Speaker 1: sounds nice to the charitable organizations. Hey, people are gonna 378 00:17:42,000 --> 00:17:44,119 Speaker 1: give more money to you, but they're giving money that 379 00:17:44,160 --> 00:17:46,320 Speaker 1: they don't have. And so we would say this, this 380 00:17:46,760 --> 00:17:50,480 Speaker 1: major league sucks. And we are all about supporting nonprofits 381 00:17:50,520 --> 00:17:52,960 Speaker 1: that are doing good work. We would say it's a 382 00:17:53,040 --> 00:17:56,280 Speaker 1: great thing to budget for monthly or annual giving. But 383 00:17:56,480 --> 00:18:00,280 Speaker 1: this feels shady and almost predatory, and it's definitely not 384 00:18:00,359 --> 00:18:02,720 Speaker 1: the best way to make those donations happen. So if 385 00:18:02,720 --> 00:18:05,280 Speaker 1: you see a gift now, pay later button, avoid it. 386 00:18:06,040 --> 00:18:11,040 Speaker 1: Don't do it. Because it's another modern iteration of a 387 00:18:11,080 --> 00:18:14,640 Speaker 1: stupid fintech offering that is bad for bad for individuals, 388 00:18:14,680 --> 00:18:16,680 Speaker 1: it's bad for consumers. I will say, I'm willing to 389 00:18:16,680 --> 00:18:19,879 Speaker 1: play Devil's advocate a little bright here because so like 390 00:18:19,920 --> 00:18:22,200 Speaker 1: in this way, like simultaneously, I feel like it could 391 00:18:22,280 --> 00:18:25,360 Speaker 1: be a good thing if it allows somebody to commit 392 00:18:25,400 --> 00:18:28,199 Speaker 1: to a behavior that they might want to do but 393 00:18:28,240 --> 00:18:30,880 Speaker 1: that they find themselves not doing over time, right like 394 00:18:30,880 --> 00:18:33,200 Speaker 1: like I will see it almost like a tool, not 395 00:18:33,359 --> 00:18:35,679 Speaker 1: inherently a bad or an evil thing, but as a 396 00:18:35,680 --> 00:18:39,639 Speaker 1: tool that someone could potentially utilize. You're just sitting over 397 00:18:39,640 --> 00:18:42,960 Speaker 1: there staring at me that you can potentially utilize as 398 00:18:43,000 --> 00:18:45,800 Speaker 1: like a commitment device, right and so like in that way, 399 00:18:45,840 --> 00:18:48,000 Speaker 1: I almost feel also do the same with a recurring 400 00:18:48,040 --> 00:18:50,920 Speaker 1: credit card donation to my friend. You totally could. Yeah, 401 00:18:50,920 --> 00:18:53,160 Speaker 1: absolutely so I get what you're saying. And we've said 402 00:18:53,200 --> 00:18:56,080 Speaker 1: the same thing about bnpls, that they're not inherently wrong 403 00:18:56,240 --> 00:18:58,800 Speaker 1: or inherently bad. It's just that most people use them 404 00:18:59,000 --> 00:19:02,840 Speaker 1: slow us the typically yes they buy or give money that, yeah, 405 00:19:03,000 --> 00:19:05,920 Speaker 1: they use importantly. And so that's why the the end 406 00:19:06,080 --> 00:19:08,000 Speaker 1: matters so much so much, right, and so the means 407 00:19:08,040 --> 00:19:10,760 Speaker 1: to the end here in this case, the end is 408 00:19:10,800 --> 00:19:12,720 Speaker 1: to give that money away when you're using it to 409 00:19:12,720 --> 00:19:15,000 Speaker 1: buy more junk, like more crap. I think that to 410 00:19:15,040 --> 00:19:17,320 Speaker 1: me that feels more pernicious, right, Like that's when you're 411 00:19:17,359 --> 00:19:19,200 Speaker 1: you're not really thinking through like do you really need 412 00:19:19,240 --> 00:19:21,200 Speaker 1: all this stuff? Now? Do you really need that fancy 413 00:19:21,400 --> 00:19:24,000 Speaker 1: pair of running shorts or something. I'm just picking on 414 00:19:24,080 --> 00:19:26,560 Speaker 1: myself because that's like the last thing I bought but 415 00:19:26,720 --> 00:19:30,600 Speaker 1: not via pay now. But forgiving is not much better 416 00:19:30,680 --> 00:19:33,200 Speaker 1: than right, And it's not about going into debt. Obviously, 417 00:19:33,280 --> 00:19:35,359 Speaker 1: if you're doing that, then then that's something that we 418 00:19:35,359 --> 00:19:37,720 Speaker 1: would discourage and a lot of people are well in 419 00:19:37,760 --> 00:19:40,600 Speaker 1: that case, I absolutely would discourage it. But yeah, the 420 00:19:40,600 --> 00:19:44,080 Speaker 1: ability for somebody, I do see there being benefits, sort 421 00:19:44,119 --> 00:19:45,600 Speaker 1: of like with by not pay later, there are some 422 00:19:45,640 --> 00:19:48,119 Speaker 1: benefits if say, it does allow somebody to turn their 423 00:19:48,119 --> 00:19:50,800 Speaker 1: credit around a little bit because those payments get counted 424 00:19:50,840 --> 00:19:52,800 Speaker 1: towards their credit. In the same way, I do see 425 00:19:52,840 --> 00:19:57,120 Speaker 1: there being some slight benefits potentially to having give now, 426 00:19:57,200 --> 00:19:59,800 Speaker 1: pay later be an option, and especially considering the f 427 00:20:00,400 --> 00:20:02,600 Speaker 1: are willing to give a little bit more of their 428 00:20:02,640 --> 00:20:06,280 Speaker 1: money away if presented without option. But that's well, And 429 00:20:06,359 --> 00:20:09,600 Speaker 1: so whether you're giving it or their future money, they don't. 430 00:20:09,760 --> 00:20:12,280 Speaker 1: That is true. Which is the problem, right it is 431 00:20:12,600 --> 00:20:14,960 Speaker 1: that is at the crux of the problem is people saying, 432 00:20:15,280 --> 00:20:16,920 Speaker 1: I want to do this thing now, but I don't 433 00:20:16,920 --> 00:20:18,760 Speaker 1: have the money to do it, But I'm gonna gonna 434 00:20:18,800 --> 00:20:20,520 Speaker 1: go ahead and commit to it because this tool exists 435 00:20:20,560 --> 00:20:22,240 Speaker 1: for me to be able to do that, and and 436 00:20:22,280 --> 00:20:24,640 Speaker 1: that's what we talk like. Credit cards are are similar 437 00:20:24,680 --> 00:20:26,840 Speaker 1: in that way, although it's a shorter timeframe, and it 438 00:20:26,880 --> 00:20:29,960 Speaker 1: really can be as a method of payment, and it 439 00:20:29,960 --> 00:20:32,760 Speaker 1: comes with even better rewards. The only reward for bnp 440 00:20:32,920 --> 00:20:36,040 Speaker 1: L most of the time is just the ability to 441 00:20:36,600 --> 00:20:39,000 Speaker 1: hold off doing something you would have done otherwise. Whereas 442 00:20:39,000 --> 00:20:41,880 Speaker 1: credit cards offer additional benefits, we say, I mean ultimately, 443 00:20:41,920 --> 00:20:44,280 Speaker 1: if someone can't afford it, right, if they are like 444 00:20:44,280 --> 00:20:46,280 Speaker 1: where it does feel like a loan in order to 445 00:20:46,320 --> 00:20:50,360 Speaker 1: give that seems like a very unhealthy, very unhealthy behavior, 446 00:20:51,000 --> 00:20:54,479 Speaker 1: as opposed to seeing it as a way for some 447 00:20:54,520 --> 00:20:56,560 Speaker 1: folks I think are just entering into that mindset of 448 00:20:56,600 --> 00:20:59,640 Speaker 1: like they are seeing themselves months a month, and even 449 00:20:59,640 --> 00:21:01,879 Speaker 1: though discourage that, we want people to look ahead, We 450 00:21:01,880 --> 00:21:04,040 Speaker 1: want folks to plan and to budget and to do 451 00:21:04,080 --> 00:21:06,080 Speaker 1: things a little more proactively. I think there are a 452 00:21:06,119 --> 00:21:08,280 Speaker 1: lot of folks who are entering into this way of 453 00:21:08,320 --> 00:21:10,680 Speaker 1: handling their money where they are looking at it more 454 00:21:10,840 --> 00:21:12,879 Speaker 1: as just a kind of like a monthly amount, like 455 00:21:12,880 --> 00:21:15,040 Speaker 1: a subscription. This is how much I pay every month 456 00:21:15,040 --> 00:21:17,280 Speaker 1: that goes towards my you know, Netflix, or this is 457 00:21:17,280 --> 00:21:19,760 Speaker 1: how much I end up paying every month towards my groceries. 458 00:21:20,000 --> 00:21:22,280 Speaker 1: I think I would say a c H though, or 459 00:21:22,720 --> 00:21:26,760 Speaker 1: setting up a monthly put it on autopilot shore but 460 00:21:27,520 --> 00:21:29,639 Speaker 1: by now give later to me could set you up 461 00:21:29,680 --> 00:21:31,800 Speaker 1: to be in a position, a financial position you don't 462 00:21:31,800 --> 00:21:34,040 Speaker 1: want to find yourself in. Exactly. Yeah, I mean, ultimately 463 00:21:34,359 --> 00:21:36,840 Speaker 1: we don't like it, but I guess I do see 464 00:21:36,840 --> 00:21:40,119 Speaker 1: this as being a slight way that there someone is 465 00:21:40,200 --> 00:21:42,360 Speaker 1: using this technology for good. Obviously, if folks are using 466 00:21:42,359 --> 00:21:46,000 Speaker 1: it for consumables, then I think that's a very bad thing. 467 00:21:46,200 --> 00:21:48,239 Speaker 1: And unfortunately that is how a lot of folks are 468 00:21:48,280 --> 00:21:50,719 Speaker 1: are using it. That's that's why it's wrecking the personal 469 00:21:50,720 --> 00:21:53,200 Speaker 1: finances of a lot of a lot of young folks. Actually, 470 00:21:53,200 --> 00:21:55,480 Speaker 1: The Times had an article this past weekend about how 471 00:21:55,520 --> 00:21:57,800 Speaker 1: more individuals are turning to buy now, pay later for 472 00:21:58,080 --> 00:22:01,119 Speaker 1: just like basic purchases like gross trees. And then, of 473 00:22:01,200 --> 00:22:04,760 Speaker 1: course what ends up happening. Folks start spending more while 474 00:22:04,760 --> 00:22:06,679 Speaker 1: they're at the grocery store because they can pay for 475 00:22:06,840 --> 00:22:10,160 Speaker 1: multiple installments. And so why not get the the gourmet 476 00:22:10,240 --> 00:22:11,960 Speaker 1: cheese where I'm gonna go ahead and get the the 477 00:22:12,040 --> 00:22:14,520 Speaker 1: name brand cereal because it's a little bit nicer than 478 00:22:14,560 --> 00:22:16,800 Speaker 1: the off brand stuff. I'll just pay for it over time. 479 00:22:17,040 --> 00:22:18,800 Speaker 1: And so when you use it in this way, these 480 00:22:18,800 --> 00:22:21,720 Speaker 1: products are basically loans, and so taking out a loan 481 00:22:21,760 --> 00:22:24,320 Speaker 1: to buy groceries, we feel as a as a recipe 482 00:22:24,480 --> 00:22:28,119 Speaker 1: for disaster. We want you to be planning ahead in advance. 483 00:22:28,400 --> 00:22:30,080 Speaker 1: And while at the moment it does kind of seem 484 00:22:30,119 --> 00:22:32,679 Speaker 1: like you're a gray area, I think ultimately it feels 485 00:22:32,680 --> 00:22:35,000 Speaker 1: like that this is going to go. It's gonna start 486 00:22:35,080 --> 00:22:37,359 Speaker 1: leaning more in the direction of it being a massive 487 00:22:37,480 --> 00:22:39,600 Speaker 1: negative as opposed to being something that you can use 488 00:22:39,640 --> 00:22:42,600 Speaker 1: to your advantage. I agreed, And we've talked about how 489 00:22:42,800 --> 00:22:45,720 Speaker 1: some buy now, pay later companies are starting to report 490 00:22:45,800 --> 00:22:49,040 Speaker 1: to the credit bureaus, and so if you're a really 491 00:22:49,080 --> 00:22:52,480 Speaker 1: savvy consumer who doesn't have a great credit score, it's 492 00:22:52,560 --> 00:22:57,320 Speaker 1: you know, buying thoughtfully occasionally an item through BNPL when 493 00:22:57,359 --> 00:23:00,280 Speaker 1: you have the money, I'm ensuring that you pay it off. 494 00:23:00,359 --> 00:23:03,960 Speaker 1: As agreed, well, that can help boost your credit score. 495 00:23:04,119 --> 00:23:06,840 Speaker 1: But for the most part, especially seeing that story about groceries, 496 00:23:07,080 --> 00:23:09,840 Speaker 1: it's just it's a bar to see people getting into 497 00:23:10,200 --> 00:23:13,879 Speaker 1: financial situations they wouldn't otherwise because these products exist and 498 00:23:13,920 --> 00:23:16,520 Speaker 1: they're using them thinking that they're better than they actually are. 499 00:23:16,760 --> 00:23:19,280 Speaker 1: Um when for the most part people use them poorly. 500 00:23:19,280 --> 00:23:21,840 Speaker 1: It's a tool, but it's it's mostly a crappy tool 501 00:23:22,200 --> 00:23:24,960 Speaker 1: for for most people. Let's let's move on the map. 502 00:23:24,960 --> 00:23:28,159 Speaker 1: There's a new survey from a company called Higher Visibility, 503 00:23:28,400 --> 00:23:31,960 Speaker 1: and they found that of gen z ears want to 504 00:23:31,960 --> 00:23:36,080 Speaker 1: become social media influencers. And when I read that, I 505 00:23:36,119 --> 00:23:37,960 Speaker 1: was like, you know what, that's that's not necessarily a 506 00:23:37,960 --> 00:23:40,680 Speaker 1: bad thing. I think it's okay to want to influence 507 00:23:40,680 --> 00:23:43,400 Speaker 1: the people around you. And it is true that some 508 00:23:43,560 --> 00:23:47,119 Speaker 1: social media content creators are able to make real money. Uh, 509 00:23:47,560 --> 00:23:51,160 Speaker 1: but it's also true that there are only a select 510 00:23:51,200 --> 00:23:53,919 Speaker 1: few who make legitimate income doing so, who make a 511 00:23:53,920 --> 00:23:56,520 Speaker 1: meaningful amount, right, who make enough to I don't know, 512 00:23:56,520 --> 00:23:59,200 Speaker 1: pay the bills. And I guess, you know, influencers maybe 513 00:23:59,200 --> 00:24:01,679 Speaker 1: are kind of the new pro athletes. That's like the 514 00:24:01,760 --> 00:24:04,800 Speaker 1: new hot job that people want. But we all know 515 00:24:04,960 --> 00:24:07,399 Speaker 1: by now that the percentage of folks who make it 516 00:24:07,800 --> 00:24:11,119 Speaker 1: to the pros in that field is infantessimally small too. 517 00:24:11,160 --> 00:24:14,639 Speaker 1: You know. We had linebacker Brain and Copeland on recently, 518 00:24:14,720 --> 00:24:17,080 Speaker 1: and he talked about how difficult difficult it was to 519 00:24:17,160 --> 00:24:19,960 Speaker 1: make in the NFL, especially as an undrafted player. Uh, 520 00:24:20,119 --> 00:24:22,520 Speaker 1: not trying to crush the dreams of the youngsters out there, 521 00:24:22,560 --> 00:24:26,400 Speaker 1: But it's wise to not put that profession on such 522 00:24:26,440 --> 00:24:28,560 Speaker 1: a pedestal and to put all your eggs in that basket. 523 00:24:28,840 --> 00:24:31,399 Speaker 1: It's okay to dabble and to see what happens, but 524 00:24:31,560 --> 00:24:34,280 Speaker 1: putting all of your efforts there, it's just it's not 525 00:24:34,359 --> 00:24:37,840 Speaker 1: a good idea because again, so few people are actually 526 00:24:37,840 --> 00:24:39,800 Speaker 1: gonna make money, and I know a lot of people 527 00:24:40,119 --> 00:24:42,439 Speaker 1: in that space. I don't have any hate for the 528 00:24:42,480 --> 00:24:44,800 Speaker 1: influencer crowd out there. I think it's I think it's 529 00:24:44,840 --> 00:24:47,720 Speaker 1: totally fine. I don't really participate much, um, but I'm 530 00:24:47,760 --> 00:24:51,040 Speaker 1: totally cool that people make money online in that way. 531 00:24:51,160 --> 00:24:53,199 Speaker 1: But it's just important to mention that something like the 532 00:24:53,200 --> 00:24:55,560 Speaker 1: one percent or even the point one percent, that's where 533 00:24:55,560 --> 00:24:57,000 Speaker 1: most of the money is going. And there's a whole 534 00:24:57,040 --> 00:24:59,359 Speaker 1: lot of I want to be influencers out there who 535 00:24:59,440 --> 00:25:01,560 Speaker 1: who aren't making to dime. I like how you said 536 00:25:01,600 --> 00:25:04,280 Speaker 1: it's okay to influence other people like you just completely 537 00:25:04,359 --> 00:25:09,280 Speaker 1: strip the word influencer of it's like negative connotation that 538 00:25:09,359 --> 00:25:11,920 Speaker 1: comes with it. Well, I think for some people the 539 00:25:12,320 --> 00:25:14,000 Speaker 1: reality is like they have a good heart and they 540 00:25:14,040 --> 00:25:16,080 Speaker 1: want to share cool things with the world, and so 541 00:25:16,119 --> 00:25:18,080 Speaker 1: there's nothing wrong with being out there and talking to 542 00:25:18,080 --> 00:25:20,679 Speaker 1: your friends and sharing with others how you think or 543 00:25:20,680 --> 00:25:22,639 Speaker 1: how you feel about something. To be honest, there's a 544 00:25:22,680 --> 00:25:25,080 Speaker 1: lot of crappy influencers out there who doing terrible things. 545 00:25:25,240 --> 00:25:26,879 Speaker 1: But I think most people the reason they want to 546 00:25:26,880 --> 00:25:29,359 Speaker 1: do this is because it sounds like fun and they 547 00:25:29,400 --> 00:25:31,800 Speaker 1: want to share something cool with others. And I think 548 00:25:31,880 --> 00:25:35,000 Speaker 1: I think that motive that desire is good. Yeah. Absolutely, 549 00:25:35,000 --> 00:25:38,560 Speaker 1: All right, let's talk about saving money by being healthy? Uh, Joel, 550 00:25:38,560 --> 00:25:40,400 Speaker 1: you know there's that saying that is it like an 551 00:25:40,400 --> 00:25:43,520 Speaker 1: ounce of prevention that's worth a pound of cure um. 552 00:25:43,840 --> 00:25:45,959 Speaker 1: Though as a country, I feel like like we've not 553 00:25:46,080 --> 00:25:49,080 Speaker 1: been great at internalizing that when it comes to medicine 554 00:25:49,320 --> 00:25:51,719 Speaker 1: or or honestly a lot of important elements of our 555 00:25:51,760 --> 00:25:55,439 Speaker 1: society either. But apparently more insurance companies are starting to 556 00:25:55,720 --> 00:25:59,640 Speaker 1: lean in this direction, implementing something called active insurance. Uh. 557 00:25:59,640 --> 00:26:02,919 Speaker 1: And so basically insurance companies they will reward you for 558 00:26:02,960 --> 00:26:06,399 Speaker 1: good behavior, which will have a direct impact on both 559 00:26:06,560 --> 00:26:09,000 Speaker 1: their bottom line and of course yours, which is why 560 00:26:09,040 --> 00:26:10,960 Speaker 1: we're talking about it. Maybe your waistline too, if it's 561 00:26:10,960 --> 00:26:13,800 Speaker 1: a health insurance Yeah. And so, like one example is, yeah, 562 00:26:13,840 --> 00:26:17,399 Speaker 1: wearing like a health insurance company provided device to track 563 00:26:17,440 --> 00:26:20,240 Speaker 1: your physical activity. Uh, and if you start exercising and 564 00:26:20,280 --> 00:26:23,080 Speaker 1: losing weight, you might see reduced premiums or you know, 565 00:26:23,240 --> 00:26:26,800 Speaker 1: some other money saving rewards. Uh. The reality, man, is 566 00:26:26,840 --> 00:26:29,160 Speaker 1: that like these sorts of products are going to continue 567 00:26:29,240 --> 00:26:32,040 Speaker 1: to proliferate. And we think that that's a that's a 568 00:26:32,040 --> 00:26:35,280 Speaker 1: good thing when it comes to our ability to save money, 569 00:26:35,359 --> 00:26:38,240 Speaker 1: but honestly for our collective health as well, if we 570 00:26:38,320 --> 00:26:40,440 Speaker 1: just jump through a few hoops, I see this as 571 00:26:40,480 --> 00:26:42,879 Speaker 1: a as a great way for us to potentially like 572 00:26:42,880 --> 00:26:45,760 Speaker 1: we're sacrificing a little bit of privacy, uh, the insurance 573 00:26:45,760 --> 00:26:48,840 Speaker 1: companies maybe know a little bit more about us. Ultimately, 574 00:26:48,840 --> 00:26:50,640 Speaker 1: this could be kind of like a frugal versus cheap, 575 00:26:50,640 --> 00:26:53,679 Speaker 1: where you know, are we being cheap because we're sacrificing 576 00:26:53,680 --> 00:26:55,560 Speaker 1: our data here in the short term in order to 577 00:26:55,600 --> 00:26:57,679 Speaker 1: save money here in the short term, but in the 578 00:26:57,720 --> 00:26:59,640 Speaker 1: long run to all of these companies they know more 579 00:26:59,680 --> 00:27:01,800 Speaker 1: about us. I do think that that will be a 580 00:27:01,800 --> 00:27:04,600 Speaker 1: good question for future discussions, but definitely something to keep 581 00:27:04,640 --> 00:27:07,480 Speaker 1: in mind as well. Before you which we often all do, 582 00:27:07,600 --> 00:27:11,159 Speaker 1: just instinctively click the checkbox that I agree with the 583 00:27:11,600 --> 00:27:14,199 Speaker 1: whatever that consen Who's got the time to read all 584 00:27:14,200 --> 00:27:18,280 Speaker 1: of those, man, But I totally agree, but reports, I guess, so, yeah, 585 00:27:18,280 --> 00:27:21,480 Speaker 1: they're digging into those fine print for us. But the 586 00:27:21,560 --> 00:27:24,440 Speaker 1: last job I had, the last real job before podcasting 587 00:27:24,480 --> 00:27:26,600 Speaker 1: full time, we had this thing called Know your Numbers. 588 00:27:26,920 --> 00:27:29,919 Speaker 1: And what they did was once a year, Emily and 589 00:27:29,920 --> 00:27:32,520 Speaker 1: I would go into into the into the office. They 590 00:27:32,520 --> 00:27:35,159 Speaker 1: would bring some nurses there, they would draw some blood, 591 00:27:35,160 --> 00:27:36,800 Speaker 1: they measure your waistline, all that kind of stuff. They 592 00:27:36,840 --> 00:27:39,920 Speaker 1: took like five different numbers, checker blood pressure, checker blood pressure. 593 00:27:39,960 --> 00:27:42,400 Speaker 1: They want to make sure that you are meeting some 594 00:27:42,440 --> 00:27:44,159 Speaker 1: sort of requirements. And if you do that, if you 595 00:27:44,200 --> 00:27:46,399 Speaker 1: agree you don't, you didn't have to. You could continue 596 00:27:46,400 --> 00:27:48,119 Speaker 1: to pay full freight for health insurance. But if you 597 00:27:48,160 --> 00:27:51,919 Speaker 1: agreed to get your numbers measured and you were good 598 00:27:51,960 --> 00:27:53,719 Speaker 1: on at least three out of five of those numbers, 599 00:27:53,920 --> 00:27:57,160 Speaker 1: you got four hundred bucks back off of your premiums. 600 00:27:57,320 --> 00:27:58,760 Speaker 1: And so that was the kind of thing where I'm like, 601 00:27:58,880 --> 00:28:01,719 Speaker 1: of course, I'm going to trade them knowing my blood 602 00:28:01,720 --> 00:28:06,400 Speaker 1: pressure and waistline's eyes for foreigner bucks, no problem. And 603 00:28:06,480 --> 00:28:08,240 Speaker 1: so that those are the kind of things that more 604 00:28:08,240 --> 00:28:12,240 Speaker 1: and more insurance companies are participating in trying to make 605 00:28:12,240 --> 00:28:15,120 Speaker 1: sure that you're living healthy and that's gonna be good 606 00:28:15,119 --> 00:28:17,159 Speaker 1: for you. It's gonna save you money. But there might 607 00:28:17,200 --> 00:28:20,160 Speaker 1: even be additional incentives on top of it. Uh. And 608 00:28:20,240 --> 00:28:22,280 Speaker 1: so I don't know. I like to see these sorts 609 00:28:22,280 --> 00:28:24,199 Speaker 1: of things. But you're right, Matt, there are some of 610 00:28:24,200 --> 00:28:28,240 Speaker 1: those privacy concerns intertwined in these programs too. But let's 611 00:28:28,280 --> 00:28:30,920 Speaker 1: let's talk about something else. About a new report from 612 00:28:30,960 --> 00:28:33,840 Speaker 1: a firm called Global Data, which just made me think 613 00:28:33,880 --> 00:28:37,639 Speaker 1: of Global Gym from Dodgeball. The ben Stiller's Gym finds 614 00:28:37,680 --> 00:28:42,440 Speaker 1: that of Americans are actively involved in selling and buying 615 00:28:42,840 --> 00:28:47,960 Speaker 1: used goods secondhand. So basically sites like eBay, Facebook, Marketplace, 616 00:28:48,000 --> 00:28:51,800 Speaker 1: and offer up. They are booming right now. And that's understandable. 617 00:28:51,960 --> 00:28:54,040 Speaker 1: Lots of folks are saying that inflation is a major 618 00:28:54,080 --> 00:28:56,200 Speaker 1: reason that they're opting to go to the shrout. Hey, 619 00:28:56,240 --> 00:28:58,320 Speaker 1: everything costs more, so I'm trying to buy more stuff 620 00:28:58,480 --> 00:29:00,800 Speaker 1: used and we hope that trend sticks around. We think 621 00:29:00,840 --> 00:29:03,840 Speaker 1: that's great. Yeah, technology has made buying and selling used 622 00:29:03,880 --> 00:29:07,040 Speaker 1: goods easier than it's ever been, and we think that 623 00:29:07,080 --> 00:29:09,040 Speaker 1: it's it's always a great time to be using those 624 00:29:09,040 --> 00:29:11,800 Speaker 1: sites to pay less for consumer goods and to sell 625 00:29:11,920 --> 00:29:15,600 Speaker 1: unwanted items, and Matt, it's also just me easier to 626 00:29:15,640 --> 00:29:17,720 Speaker 1: get more money for those goods. Think about going back 627 00:29:17,760 --> 00:29:21,040 Speaker 1: to garage sales. You could get pennies on the dollar because, 628 00:29:21,080 --> 00:29:23,720 Speaker 1: like you're the sphere, the amount of people you could 629 00:29:23,720 --> 00:29:26,240 Speaker 1: reach it was really people who were walking or driving 630 00:29:26,240 --> 00:29:29,440 Speaker 1: by who would see your stuff and maybe stop specific 631 00:29:30,040 --> 00:29:32,960 Speaker 1: beholding geographic audience exactly to look at your stuff. Whereas 632 00:29:33,000 --> 00:29:35,760 Speaker 1: now with these with these sites, you can reach a 633 00:29:35,760 --> 00:29:37,520 Speaker 1: whole lot more folks, folks who are willing to drive 634 00:29:37,560 --> 00:29:39,200 Speaker 1: and pay top dollar for that item. And you have. 635 00:29:39,560 --> 00:29:42,160 Speaker 1: Speaking of which, Matt, there are less than four months 636 00:29:42,200 --> 00:29:45,760 Speaker 1: now left in the Sell your Stuff Challenge, So just 637 00:29:45,840 --> 00:29:48,520 Speaker 1: for stuff, I just need to get my sheet updated 638 00:29:48,600 --> 00:29:50,400 Speaker 1: because I haven't done, and I've been doing pretty good 639 00:29:50,440 --> 00:29:52,240 Speaker 1: to you, I got I gotta update my sheet as well. 640 00:29:52,280 --> 00:29:54,080 Speaker 1: I'm curious to see where I'm at. I think I'm 641 00:29:54,120 --> 00:29:56,680 Speaker 1: I think maybe I'm just a little bit behind. But 642 00:29:57,200 --> 00:29:59,480 Speaker 1: for how the money listeners out there who are participating, 643 00:29:59,640 --> 00:30:02,000 Speaker 1: we all that at the beginning of this year selling 644 00:30:02,000 --> 00:30:04,440 Speaker 1: one item a week. I'm curious too, I'm so curious 645 00:30:04,480 --> 00:30:06,600 Speaker 1: to see the results, Matt, to see how many items 646 00:30:06,640 --> 00:30:09,120 Speaker 1: people actually sold and see maybe who made the most 647 00:30:09,120 --> 00:30:11,440 Speaker 1: money this year too. Yeah, and actually there's another story 648 00:30:11,480 --> 00:30:14,200 Speaker 1: about all of the different athletic gear that folks bought 649 00:30:14,280 --> 00:30:16,760 Speaker 1: during the pandemic. How it's been plumbing in value. So 650 00:30:16,800 --> 00:30:20,360 Speaker 1: not only can you use sites like eBay to sell 651 00:30:20,400 --> 00:30:22,640 Speaker 1: the stuff that you no longer want, but as a consumer, 652 00:30:22,680 --> 00:30:26,240 Speaker 1: you can take advantage of the prices, the plumbering values 653 00:30:26,280 --> 00:30:28,440 Speaker 1: that that folks are having to sell their stuff for 654 00:30:28,600 --> 00:30:31,040 Speaker 1: because they're no longer worth what they paid for it. 655 00:30:31,400 --> 00:30:35,160 Speaker 1: I'm search for a mountain bike because but the problem 656 00:30:35,240 --> 00:30:38,760 Speaker 1: is I'm freakishly tall, and nobody has the extra large frames. 657 00:30:38,800 --> 00:30:41,040 Speaker 1: So everybody's got those medium sized frames. Gets you the 658 00:30:41,080 --> 00:30:42,840 Speaker 1: medium sized frame, but then get you an extra long 659 00:30:42,880 --> 00:30:45,880 Speaker 1: ce post. Those are like the monster batas of bikes. 660 00:30:46,800 --> 00:30:48,800 Speaker 1: But what about new stuff, because it's actually it's hard 661 00:30:48,800 --> 00:30:51,080 Speaker 1: to believe, but the Holidays, they're really around the corner. 662 00:30:51,440 --> 00:30:53,680 Speaker 1: And I think there's a chance that we're gonna see 663 00:30:53,720 --> 00:30:56,360 Speaker 1: a lot more Black Friday deals this year. A friend 664 00:30:56,400 --> 00:30:58,720 Speaker 1: of the show, Ben Carlson, he thinks, so we tend 665 00:30:58,760 --> 00:31:01,400 Speaker 1: to agree basic how it works for months on end 666 00:31:01,720 --> 00:31:04,960 Speaker 1: supply chain issues they were a serious problem. But now 667 00:31:05,000 --> 00:31:07,880 Speaker 1: there's been an over correction, right, Like imagine the pendulum 668 00:31:07,920 --> 00:31:10,400 Speaker 1: swinging and it was far off over to one side 669 00:31:10,400 --> 00:31:12,760 Speaker 1: where there wasn't enough supply, and now it's swung back 670 00:31:12,960 --> 00:31:16,680 Speaker 1: that bull whip effect and there are there's an abundance 671 00:31:16,920 --> 00:31:19,720 Speaker 1: of supply. Uh so change like Walmart and Target have 672 00:31:20,040 --> 00:31:22,920 Speaker 1: excess inventory. We've got too much stuff. Of course, these 673 00:31:22,920 --> 00:31:25,400 Speaker 1: different companies, they're gonna have to reduce prices in a 674 00:31:25,440 --> 00:31:29,560 Speaker 1: serious way in order to entice you to remove that inventory, 675 00:31:29,680 --> 00:31:32,320 Speaker 1: uh you know, from their warehouses. But keep in mind, 676 00:31:32,520 --> 00:31:34,479 Speaker 1: the best way to save the most money is by 677 00:31:34,520 --> 00:31:36,880 Speaker 1: not buying any of this stuff you know altogether. Don't 678 00:31:36,920 --> 00:31:39,840 Speaker 1: be enticed by the fort off, by the seventy percent 679 00:31:39,880 --> 00:31:42,920 Speaker 1: off sales that you know that you might see. Ask 680 00:31:42,960 --> 00:31:45,040 Speaker 1: yourself first, is there a way that I could just 681 00:31:45,120 --> 00:31:48,120 Speaker 1: do without this item completely? Without thinking that? You know, 682 00:31:48,240 --> 00:31:50,880 Speaker 1: you're the smartest consumer out there because you are taking 683 00:31:50,920 --> 00:31:53,000 Speaker 1: advantage of the deals. Plus I can pay pay for 684 00:31:53,040 --> 00:31:55,120 Speaker 1: it in six installments over time through buy now, pay 685 00:31:55,200 --> 00:31:58,360 Speaker 1: later only only if you're giving that money away, this 686 00:31:58,480 --> 00:32:01,640 Speaker 1: is the deal of a lifetime. Probably not so. Yeah, 687 00:32:01,640 --> 00:32:03,680 Speaker 1: although we are likely to see more deals, the best 688 00:32:03,680 --> 00:32:06,120 Speaker 1: deals are going to be buying used still on a 689 00:32:06,200 --> 00:32:09,080 Speaker 1: lot of these sites for the most part. Um. But yeah, 690 00:32:09,080 --> 00:32:10,840 Speaker 1: I like that you said to Matt, start budgeting now. 691 00:32:10,880 --> 00:32:13,239 Speaker 1: Like I think most people aren't thinking about the holidays yet, 692 00:32:13,280 --> 00:32:15,360 Speaker 1: but it really is right around the corner, and you 693 00:32:15,400 --> 00:32:18,960 Speaker 1: can make the holidays a whole lot less financially painful 694 00:32:19,080 --> 00:32:21,000 Speaker 1: if you start thinking now and you start saving now. 695 00:32:21,680 --> 00:32:23,640 Speaker 1: Maybe come up with an exact total of what you're 696 00:32:23,640 --> 00:32:26,000 Speaker 1: gonna want to spend on gifts and start setting money 697 00:32:26,040 --> 00:32:28,840 Speaker 1: aside to every paycheck so that you have the cash 698 00:32:28,920 --> 00:32:31,160 Speaker 1: you need to pay for the presidents you want to 699 00:32:31,160 --> 00:32:33,760 Speaker 1: buy when it comes to when it comes Christmas time. 700 00:32:33,960 --> 00:32:36,040 Speaker 1: That's right, all right, Well, that's gonna do it, Matt. 701 00:32:36,160 --> 00:32:38,600 Speaker 1: For this episode, we hope that you guys have a 702 00:32:38,640 --> 00:32:40,600 Speaker 1: great weekend, and we hope to see you back here 703 00:32:40,720 --> 00:32:42,800 Speaker 1: on Monday. Matt and I are going to publish a 704 00:32:42,840 --> 00:32:46,400 Speaker 1: conversation that we just had with Sarah Wilson. She's known 705 00:32:46,480 --> 00:32:49,320 Speaker 1: as budget Girl on YouTube and she's pretty rad, Matt, 706 00:32:49,320 --> 00:32:51,640 Speaker 1: So I'm looking forward to releasing that episode on Monday. 707 00:32:51,800 --> 00:32:53,800 Speaker 1: That's right, man, So that's gonna be for this one though. 708 00:32:54,080 --> 00:33:05,880 Speaker 1: Until next time, best Friends Out, Best Friends Out, m