1 00:00:00,120 --> 00:00:03,080 Speaker 1: Welcome to How to Money. I'm Joel and I'm Matt, 2 00:00:03,320 --> 00:00:06,840 Speaker 1: and today we're discussing why time is not money with 3 00:00:06,880 --> 00:00:28,560 Speaker 1: money pro Grant Sabatier. Has been a couple of weeks 4 00:00:28,560 --> 00:00:31,160 Speaker 1: and I have you filed your taxes? We did this 5 00:00:31,240 --> 00:00:33,279 Speaker 1: couple of episodes on taxes, and I thought that might 6 00:00:33,320 --> 00:00:35,200 Speaker 1: get you fired up. By the look on your face, 7 00:00:35,280 --> 00:00:37,479 Speaker 1: it looks like you have not bought your deer in 8 00:00:37,520 --> 00:00:39,239 Speaker 1: the headlights when you asked you that. I'm not gonna lie. 9 00:00:39,240 --> 00:00:41,640 Speaker 1: I know I have not found my taxes yet. Confession 10 00:00:41,720 --> 00:00:44,919 Speaker 1: I haven't either. I've actually I started gathering my all 11 00:00:44,960 --> 00:00:47,080 Speaker 1: of my information together because well, actually it took me 12 00:00:47,120 --> 00:00:49,040 Speaker 1: several weeks before I got all my forms in from 13 00:00:49,040 --> 00:00:50,559 Speaker 1: my banks and all that kind of stuff. I think 14 00:00:50,560 --> 00:00:53,280 Speaker 1: some of them waited until the last minute. And so yeah, 15 00:00:53,280 --> 00:00:55,600 Speaker 1: I'm getting my stuff together now. Yeah. Usually I don't 16 00:00:55,600 --> 00:00:58,720 Speaker 1: really start to think about sending all my stuff over 17 00:00:58,760 --> 00:01:01,400 Speaker 1: to my tax repair until like the end of February, 18 00:01:01,600 --> 00:01:03,720 Speaker 1: just so I'm not like anticipating these forms coming in 19 00:01:03,760 --> 00:01:05,679 Speaker 1: that haven't come in yet, and I just I just 20 00:01:05,720 --> 00:01:07,000 Speaker 1: know that takes a little bit of time, so I 21 00:01:07,080 --> 00:01:08,959 Speaker 1: kind of wait for for a minute, and then sending 22 00:01:08,959 --> 00:01:11,320 Speaker 1: all that stuff over and in one fell swoop. Yeah, 23 00:01:11,360 --> 00:01:12,959 Speaker 1: I hear you, man, that's something I'm looking forward to 24 00:01:13,280 --> 00:01:15,520 Speaker 1: crossing off that to do list. But on the subject 25 00:01:15,600 --> 00:01:17,720 Speaker 1: of taxes, it is important for us to mention real 26 00:01:17,800 --> 00:01:19,880 Speaker 1: quick that I just heard an ad the other day 27 00:01:19,959 --> 00:01:23,160 Speaker 1: on the radio, and I heard a tax preparation service 28 00:01:23,400 --> 00:01:27,679 Speaker 1: announced that they were offering advance loans for tax refunds. 29 00:01:28,000 --> 00:01:31,240 Speaker 1: And that's not good news for people. Yeah, those kind 30 00:01:31,240 --> 00:01:33,479 Speaker 1: of have started bad news, man, that's really bad news. 31 00:01:33,520 --> 00:01:35,559 Speaker 1: And that those products have started to kind of become 32 00:01:35,600 --> 00:01:38,560 Speaker 1: popular over the last few years in particular. And there 33 00:01:38,600 --> 00:01:41,200 Speaker 1: might be some tax preparation services that are offering these 34 00:01:41,200 --> 00:01:44,679 Speaker 1: sorts of advanced payment loans with no fees attached. But 35 00:01:44,720 --> 00:01:46,479 Speaker 1: I just want people to be aware that if they 36 00:01:46,520 --> 00:01:48,920 Speaker 1: are trying to get their money day of you know, 37 00:01:48,960 --> 00:01:51,000 Speaker 1: when they go in to see a tax prepair, they 38 00:01:51,080 --> 00:01:54,520 Speaker 1: might be paying really high fees to get their refund 39 00:01:54,880 --> 00:01:57,520 Speaker 1: in advance. And on top of that, the I R 40 00:01:57,640 --> 00:01:59,680 Speaker 1: S is pretty good if you sign up for direct 41 00:01:59,680 --> 00:02:02,240 Speaker 1: depose of your refund, but getting you that money within 42 00:02:02,680 --> 00:02:06,000 Speaker 1: a matter of weeks direct deposit E filing just kind 43 00:02:06,000 --> 00:02:09,200 Speaker 1: of doing the things that are smart and efficient and quick. 44 00:02:10,160 --> 00:02:12,360 Speaker 1: But really, man, I see those advanced loans on your 45 00:02:12,400 --> 00:02:14,799 Speaker 1: tax refund almost like a paid a loan because you're 46 00:02:14,800 --> 00:02:16,720 Speaker 1: going in early. You're you know, getting your refunds sooner, 47 00:02:17,120 --> 00:02:18,840 Speaker 1: and the fees they can be a lot a lot 48 00:02:18,880 --> 00:02:20,520 Speaker 1: of times it's a flat rate, and so you think, Okay, 49 00:02:20,560 --> 00:02:21,919 Speaker 1: this is just how much this product is going to 50 00:02:22,040 --> 00:02:23,680 Speaker 1: cost me. But if you actually do the math and 51 00:02:23,720 --> 00:02:26,080 Speaker 1: see what the percentages, what the fee is compared to 52 00:02:26,120 --> 00:02:28,600 Speaker 1: what your actual refund is, Dude, it's hundreds. It's you know, 53 00:02:28,680 --> 00:02:31,120 Speaker 1: the percentages can be in the hundreds that you're actually paying, 54 00:02:31,360 --> 00:02:33,720 Speaker 1: which is insane. You know, like we get mad hearing 55 00:02:35,480 --> 00:02:38,400 Speaker 1: for credit cards, but dude, if you're over at two 56 00:02:39,440 --> 00:02:42,000 Speaker 1: that you're paying on these loans, that's ridiculous. Yeah, And 57 00:02:42,000 --> 00:02:44,880 Speaker 1: depending on the amount of the refund that you're getting 58 00:02:44,919 --> 00:02:47,200 Speaker 1: back from the federal government, it could be an interest 59 00:02:47,280 --> 00:02:49,919 Speaker 1: rate in that stratosphere and that's just scary. And so 60 00:02:50,160 --> 00:02:52,120 Speaker 1: I just want people to know if you think getting 61 00:02:52,120 --> 00:02:54,400 Speaker 1: your money sooner is the way to go, we'll just 62 00:02:54,480 --> 00:02:57,200 Speaker 1: know that there are major potential fees attached to that, 63 00:02:57,440 --> 00:02:59,480 Speaker 1: and it's much more worth it to hold off and 64 00:02:59,520 --> 00:03:01,440 Speaker 1: wait for that direct deposit to come into you from 65 00:03:01,440 --> 00:03:03,680 Speaker 1: the government, because I remember last year it took less 66 00:03:03,680 --> 00:03:05,480 Speaker 1: than two weeks from most people that I talked to, 67 00:03:05,840 --> 00:03:08,320 Speaker 1: and that should be the same this year hopefully. But 68 00:03:08,440 --> 00:03:10,880 Speaker 1: just do everything you can to avoid those advanced loans 69 00:03:10,880 --> 00:03:12,959 Speaker 1: for your tax refund because it could cost you dearly. 70 00:03:13,280 --> 00:03:16,480 Speaker 1: On that note as well, a listener wrote in and 71 00:03:16,560 --> 00:03:19,840 Speaker 1: informed us both of this guy named Glenn Reeves who 72 00:03:19,919 --> 00:03:24,720 Speaker 1: has been recreating tax forms and Excel for years, for decades, 73 00:03:25,000 --> 00:03:27,160 Speaker 1: And I had never heard of this, but basically he yeah, 74 00:03:27,200 --> 00:03:30,440 Speaker 1: he recreates the actual government tax form in Excel, even 75 00:03:30,440 --> 00:03:33,480 Speaker 1: with the colors and everything, and it's a duplicate essentially 76 00:03:33,560 --> 00:03:34,920 Speaker 1: of the tax form that you would go and pick 77 00:03:34,960 --> 00:03:37,160 Speaker 1: up and mail off. But if you've always wanted just 78 00:03:37,160 --> 00:03:39,240 Speaker 1: to sit there on your computer because you're an Excel 79 00:03:39,320 --> 00:03:42,760 Speaker 1: nerd like I am, to be able to just punch 80 00:03:42,760 --> 00:03:45,240 Speaker 1: those numbers directly into Excel and then print that out 81 00:03:45,240 --> 00:03:48,240 Speaker 1: from your computer and mail it off, that sounds freaking awesome. 82 00:03:48,280 --> 00:03:50,080 Speaker 1: I've never heard of it. This guy just does this 83 00:03:50,440 --> 00:03:53,400 Speaker 1: out of generosity, kind of an outflowing from his heart. 84 00:03:53,840 --> 00:03:57,040 Speaker 1: He does accept donations, though, so if you wanted to 85 00:03:57,160 --> 00:03:59,840 Speaker 1: tip them. You can do that, but I thought that 86 00:03:59,880 --> 00:04:02,240 Speaker 1: was super cool, and I wanted to thank listener Matt 87 00:04:02,360 --> 00:04:04,640 Speaker 1: Kay for writing in and giving us a scoop, and 88 00:04:04,680 --> 00:04:06,320 Speaker 1: we'll post a link to that in the show notes 89 00:04:06,480 --> 00:04:09,680 Speaker 1: for this episode on our website how to Money dot com. Matt, 90 00:04:09,760 --> 00:04:13,640 Speaker 1: I'm not really into excel the way you are. I love, 91 00:04:14,240 --> 00:04:17,320 Speaker 1: but I'm glad. I'm glad that it's excited. You did 92 00:04:17,560 --> 00:04:19,839 Speaker 1: be so excited. Did you see my response? Uh? Yeah, 93 00:04:20,000 --> 00:04:22,240 Speaker 1: lots lots of exclamation points. I was gonna say lots 94 00:04:22,240 --> 00:04:24,880 Speaker 1: of exclamation points. Maybe a couple of emoji's, I don't know. 95 00:04:25,240 --> 00:04:27,240 Speaker 1: By the way, So we're about to tell everyone the 96 00:04:27,240 --> 00:04:29,360 Speaker 1: beer that we're drinking on the show. But in the 97 00:04:29,400 --> 00:04:31,479 Speaker 1: spirit of beer, I wanted to mention a story that 98 00:04:31,520 --> 00:04:34,320 Speaker 1: I saw recently about a beer company trying to do 99 00:04:34,440 --> 00:04:37,760 Speaker 1: something about the student loan debt crisis in the United States. 100 00:04:37,960 --> 00:04:42,159 Speaker 1: And it turns out the beer company Natty Light Natty 101 00:04:42,240 --> 00:04:45,400 Speaker 1: Light is too also known as Natural Lights. Yes, I 102 00:04:45,440 --> 00:04:47,799 Speaker 1: guess do people call it that? Anybody call it that? 103 00:04:47,800 --> 00:04:50,280 Speaker 1: That's what it says on the can. So they're doing 104 00:04:50,279 --> 00:04:53,000 Speaker 1: a social media campaign and from now until May eighteen, 105 00:04:53,520 --> 00:04:57,400 Speaker 1: you can post about your inspiration for going to college 106 00:04:57,920 --> 00:05:01,000 Speaker 1: with a couple of hashtags, and you include a green 107 00:05:01,080 --> 00:05:04,400 Speaker 1: dollar sign tab found on the limited edition cans of 108 00:05:04,560 --> 00:05:08,320 Speaker 1: Natty Light right now in your video that you post, 109 00:05:08,800 --> 00:05:10,760 Speaker 1: and you have a chance to to win a bunch 110 00:05:10,800 --> 00:05:13,000 Speaker 1: of money to go towards your student loan debt. I 111 00:05:13,120 --> 00:05:14,839 Speaker 1: love this. It reminds me of like collecting the coke 112 00:05:14,880 --> 00:05:17,200 Speaker 1: tabs or Pepsi tabs as a kid. You feel the 113 00:05:17,200 --> 00:05:19,640 Speaker 1: gallon jug of milk full of coke tabs from from 114 00:05:19,640 --> 00:05:21,160 Speaker 1: the cans and take them in it. I don't not 115 00:05:21,200 --> 00:05:22,720 Speaker 1: supposed to be worth like twenty bucks or something. I 116 00:05:22,760 --> 00:05:24,919 Speaker 1: don't know, but total throwback is what that is. This 117 00:05:24,960 --> 00:05:26,640 Speaker 1: could be worth a whole lot more than that, but 118 00:05:26,800 --> 00:05:29,880 Speaker 1: what you'll have to do, sadly is drink really crummy 119 00:05:29,920 --> 00:05:32,040 Speaker 1: gear in order to get you. So I don't think 120 00:05:32,080 --> 00:05:34,600 Speaker 1: Matt and I'll be participating in this, But way to 121 00:05:34,600 --> 00:05:36,640 Speaker 1: go Natty Light for giving away a million dollars to 122 00:05:36,680 --> 00:05:38,520 Speaker 1: help people pay down their college loans. That's super cool. 123 00:05:38,520 --> 00:05:40,240 Speaker 1: I can't believe you just said way to go Datty Light. 124 00:05:40,360 --> 00:05:43,160 Speaker 1: I know quote right there, last time you'll ever hear 125 00:05:43,200 --> 00:05:46,039 Speaker 1: that on this podcast. So Matt on our show. We 126 00:05:46,080 --> 00:05:49,159 Speaker 1: don't typically drink light beers, but but so today on 127 00:05:49,200 --> 00:05:51,600 Speaker 1: the show, we're drinking something from one of our favorite 128 00:05:51,600 --> 00:05:55,120 Speaker 1: local breweries, Creature Comforts Brewing Company, And this is a 129 00:05:55,160 --> 00:05:56,640 Speaker 1: new beer that they just came out with that I 130 00:05:56,680 --> 00:05:58,599 Speaker 1: picked up at my local bottle shop and I'm excited 131 00:05:58,640 --> 00:06:02,839 Speaker 1: to give a shot the Tritonia Goza with pineapple, lemon 132 00:06:03,080 --> 00:06:05,960 Speaker 1: and corienter. So yeah, I'm so excited. I'm glad you 133 00:06:06,000 --> 00:06:07,719 Speaker 1: picked one of these up. I'm a huge fan of 134 00:06:07,720 --> 00:06:09,800 Speaker 1: pineapple myself, so I think this beer is gonna be 135 00:06:09,880 --> 00:06:11,679 Speaker 1: right up my alley. Man, and you already took a sip. 136 00:06:11,720 --> 00:06:13,480 Speaker 1: What are your thoughts? So if I had to give 137 00:06:13,600 --> 00:06:17,640 Speaker 1: one word to describe that beer fresh, dang, dude, this 138 00:06:17,680 --> 00:06:21,880 Speaker 1: is so good. Okay, my one word will be flavor ice. 139 00:06:22,520 --> 00:06:24,240 Speaker 1: You busted out the hyphen nation last week or a 140 00:06:24,240 --> 00:06:27,200 Speaker 1: couple of weeks ago, and it's my turn hyphenated word 141 00:06:27,440 --> 00:06:30,640 Speaker 1: flavor ice. Man. When you think it can't get any weirder, 142 00:06:30,839 --> 00:06:34,600 Speaker 1: it does. So Matt and I will explain our word 143 00:06:34,720 --> 00:06:36,400 Speaker 1: choice and give you kind of some more notes on 144 00:06:36,440 --> 00:06:37,760 Speaker 1: what we thought about this beer at the end of 145 00:06:37,760 --> 00:06:39,920 Speaker 1: the show. First off, one last thing I gotta say 146 00:06:39,920 --> 00:06:42,400 Speaker 1: about this beer. Matt Creature Comforts, in my mind, has 147 00:06:42,440 --> 00:06:46,080 Speaker 1: some of the best can designs out there period. And 148 00:06:46,160 --> 00:06:48,600 Speaker 1: so if you don't follow us on Instagram, we post 149 00:06:48,600 --> 00:06:50,480 Speaker 1: pictures of all the beers that we drink and you 150 00:06:50,480 --> 00:06:52,520 Speaker 1: can see like the sweet can design for this one, 151 00:06:52,680 --> 00:06:54,560 Speaker 1: and also just kind of some of the random behind 152 00:06:54,600 --> 00:06:56,840 Speaker 1: the scenes stuff that you and I get into. But now, Matt, 153 00:06:56,880 --> 00:06:59,800 Speaker 1: without any further ado, let's get into the subject at hand. 154 00:07:00,200 --> 00:07:03,040 Speaker 1: Time is not money with our money pro for today, 155 00:07:03,279 --> 00:07:07,839 Speaker 1: Grant Sabatier. I am so stoked to have Grant on. 156 00:07:08,279 --> 00:07:11,800 Speaker 1: He is a total stud. Right after college, he was unemployed, 157 00:07:11,960 --> 00:07:14,560 Speaker 1: living at home with his parents. His story right involves 158 00:07:14,600 --> 00:07:17,120 Speaker 1: him only having two dollars and twenty six cents in 159 00:07:17,200 --> 00:07:19,600 Speaker 1: his bank account, which I love. He couldn't afford to 160 00:07:19,600 --> 00:07:21,720 Speaker 1: go to get a Chipotle burrito. Like That's why that 161 00:07:21,800 --> 00:07:23,960 Speaker 1: stands out my mind because I love Chipotle to make 162 00:07:23,960 --> 00:07:28,320 Speaker 1: awesome burritos. To the depths he had sunk. But it's 163 00:07:28,320 --> 00:07:30,720 Speaker 1: just such a compelling story. But from that moment he 164 00:07:30,760 --> 00:07:32,840 Speaker 1: decided that he's going to turn his life around. And 165 00:07:33,120 --> 00:07:35,640 Speaker 1: then in five years he became a millionaire and he 166 00:07:35,720 --> 00:07:38,640 Speaker 1: was financially independent at the age of thirty, and he 167 00:07:38,720 --> 00:07:41,040 Speaker 1: now owns a couple of businesses. He runs the site 168 00:07:41,400 --> 00:07:44,520 Speaker 1: Millennial money dot com and is now releasing a book 169 00:07:44,640 --> 00:07:48,160 Speaker 1: on financial independence and it is called Financial Freedom And 170 00:07:48,200 --> 00:07:51,720 Speaker 1: you know what, This actually releases tomorrow, February five, which 171 00:07:51,760 --> 00:07:53,680 Speaker 1: is super timely, so I'm pumped to have him on. 172 00:07:53,960 --> 00:07:56,160 Speaker 1: And he actually sent us some advanced copies of the 173 00:07:56,160 --> 00:07:57,400 Speaker 1: book that we got to read. And one of the 174 00:07:57,400 --> 00:07:59,120 Speaker 1: one of the things I loved that I connected with 175 00:07:59,160 --> 00:08:00,880 Speaker 1: it was the fact that he's such to hustler. He's 176 00:08:00,880 --> 00:08:03,200 Speaker 1: from the Midwest, so he's got that Midwestern work ethic, 177 00:08:03,680 --> 00:08:05,480 Speaker 1: and he did everything at the beginning when he was 178 00:08:05,520 --> 00:08:08,680 Speaker 1: first during his life around from building websites up to 179 00:08:08,880 --> 00:08:11,320 Speaker 1: like buying and selling mopeds like the little the little 180 00:08:11,320 --> 00:08:13,360 Speaker 1: small engine mopeds you know I'm talking about. Yeah, totally 181 00:08:13,400 --> 00:08:16,760 Speaker 1: super hip. I love him. I had one similar like 182 00:08:16,760 --> 00:08:18,920 Speaker 1: not it was actually more of a scooter. But I 183 00:08:18,960 --> 00:08:20,760 Speaker 1: love the old school mopeds, but they have more issues 184 00:08:20,800 --> 00:08:22,640 Speaker 1: with them, right, the old ones. Yeah, Yeah, it kind 185 00:08:22,640 --> 00:08:24,600 Speaker 1: of takes a special knowledge to kind of know what 186 00:08:24,640 --> 00:08:26,920 Speaker 1: you're looking at. And they got little pedals built into them, 187 00:08:26,920 --> 00:08:30,640 Speaker 1: so they're super cool. Though, Yeah, so I appreciate the 188 00:08:30,720 --> 00:08:33,120 Speaker 1: grants first off, written a book, because I've never written one. 189 00:08:33,200 --> 00:08:35,160 Speaker 1: It seems too hard. I don't know if I'll ever attempted. 190 00:08:35,480 --> 00:08:37,520 Speaker 1: But really, what I love about what Grant's gonna share 191 00:08:37,559 --> 00:08:39,760 Speaker 1: with us is, I mean, how many times have you 192 00:08:39,760 --> 00:08:43,760 Speaker 1: heard the phrase time is money? And I have heard that, right, 193 00:08:44,080 --> 00:08:46,400 Speaker 1: That's a common phrase, and when you've heard it so 194 00:08:46,400 --> 00:08:48,640 Speaker 1: many times, it becomes kind of ingrained into your way 195 00:08:48,679 --> 00:08:51,319 Speaker 1: of thinking. Oh well, yes, of course time and money 196 00:08:51,400 --> 00:08:54,560 Speaker 1: are equivalent. And I love how what Grant is sharing 197 00:08:54,559 --> 00:08:58,440 Speaker 1: with us today is kind of battling that common misconception. 198 00:08:58,760 --> 00:09:01,800 Speaker 1: It's ultimately, really it's it's b s and it's a 199 00:09:01,840 --> 00:09:04,720 Speaker 1: philosophy that's led many people to working for all the 200 00:09:04,760 --> 00:09:07,040 Speaker 1: wrong reasons. And Matt, you and I in episode fifty 201 00:09:07,080 --> 00:09:09,520 Speaker 1: talked about how to cultivate a healthy view of work, 202 00:09:09,760 --> 00:09:12,560 Speaker 1: and so having a holistic view of work is crucial 203 00:09:12,679 --> 00:09:16,040 Speaker 1: in our minds, and equating your time and your money 204 00:09:16,200 --> 00:09:18,760 Speaker 1: as being the same, I mean, that's a that's a 205 00:09:18,760 --> 00:09:22,160 Speaker 1: slippery slope. And so ultimately, I think this episode is 206 00:09:22,240 --> 00:09:24,160 Speaker 1: kind of going to help us figure out how we 207 00:09:24,200 --> 00:09:26,800 Speaker 1: break out of that linear line of thinking to have 208 00:09:26,840 --> 00:09:30,240 Speaker 1: a better overall concept of our time and our money 209 00:09:30,480 --> 00:09:33,679 Speaker 1: and where that line kind of gets divided. And this 210 00:09:33,760 --> 00:09:35,520 Speaker 1: is the third one. This is the third money Pro 211 00:09:35,679 --> 00:09:37,080 Speaker 1: that we've been able to release. So a lot of 212 00:09:37,080 --> 00:09:38,959 Speaker 1: you might be familiar with this format now, but you 213 00:09:39,000 --> 00:09:40,880 Speaker 1: know what, if this is your first one, let me 214 00:09:40,880 --> 00:09:42,680 Speaker 1: explain how it works real quick. The way it works 215 00:09:42,679 --> 00:09:44,480 Speaker 1: is that our money Pro has sent us their five 216 00:09:44,520 --> 00:09:47,959 Speaker 1: minutes of expertise, their knowledge and their passion on this 217 00:09:48,120 --> 00:09:51,480 Speaker 1: topic sort of distilled down into this concentrated segment, and 218 00:09:51,480 --> 00:09:53,360 Speaker 1: we're gonna play that once we come back from the break, 219 00:09:53,679 --> 00:09:55,360 Speaker 1: and right after that, Joel and I are going to 220 00:09:55,440 --> 00:10:07,719 Speaker 1: unpack that and share our thoughts. All right, Matt, So 221 00:10:07,800 --> 00:10:09,679 Speaker 1: without further Ado, I want to hear what Grant has 222 00:10:09,720 --> 00:10:13,319 Speaker 1: to say about white time doesn't equal money. Take it away, Grant. 223 00:10:13,640 --> 00:10:16,440 Speaker 1: Thanks for having me. Guys. One of the biggest things 224 00:10:16,440 --> 00:10:19,320 Speaker 1: that holds people back is that they think that time 225 00:10:19,400 --> 00:10:22,360 Speaker 1: is money. We grow up and we're told that time 226 00:10:22,440 --> 00:10:24,400 Speaker 1: is money and money is time, and we're meant to 227 00:10:24,440 --> 00:10:29,400 Speaker 1: believe that they're equals. But in reality, money is inherently infinite. 228 00:10:29,440 --> 00:10:31,880 Speaker 1: You can always go out and make more money, you 229 00:10:31,920 --> 00:10:35,000 Speaker 1: can never get back this moment. This moment is really 230 00:10:35,040 --> 00:10:37,079 Speaker 1: all there is. You can never get back this time. 231 00:10:37,520 --> 00:10:39,760 Speaker 1: I mean, what would you do if some ninety year 232 00:10:39,800 --> 00:10:42,800 Speaker 1: old rich dude offered you a hundred million dollars to 233 00:10:42,880 --> 00:10:46,480 Speaker 1: trade place with him. You wouldn't do it. Why? Because 234 00:10:46,480 --> 00:10:50,360 Speaker 1: time is more valuable than money. And as long as 235 00:10:50,400 --> 00:10:53,040 Speaker 1: we believe that time is money, we're going to make 236 00:10:53,080 --> 00:10:56,400 Speaker 1: sacrifices and trade much more of our time than we 237 00:10:56,480 --> 00:10:59,760 Speaker 1: need to in order to make money. And yes, both 238 00:10:59,800 --> 00:11:03,080 Speaker 1: money and time are human inventions. They do share a 239 00:11:03,160 --> 00:11:07,800 Speaker 1: number of similarities. But in reality, if you think that 240 00:11:07,920 --> 00:11:10,439 Speaker 1: money is time, it's going to hold you back in 241 00:11:10,559 --> 00:11:15,000 Speaker 1: some way. And in fact, the traditional linear relationship between 242 00:11:15,040 --> 00:11:17,360 Speaker 1: money and time that you think you have to trade 243 00:11:17,400 --> 00:11:21,280 Speaker 1: hours of your life in order to make money only 244 00:11:21,320 --> 00:11:24,720 Speaker 1: holds true up to a certain point in your life. 245 00:11:24,800 --> 00:11:29,360 Speaker 1: And the entire goal of financial independence, the strategy that's 246 00:11:29,400 --> 00:11:33,160 Speaker 1: going to get you there the fastest is disrupting that 247 00:11:33,280 --> 00:11:38,480 Speaker 1: traditional money time linear relationship. And so you know, for example, 248 00:11:38,600 --> 00:11:43,079 Speaker 1: investing more money gives you the opportunity for your money 249 00:11:43,080 --> 00:11:45,960 Speaker 1: to grow, and when you invest your money in something 250 00:11:46,280 --> 00:11:48,960 Speaker 1: you know it requires little, if any of your time. 251 00:11:49,160 --> 00:11:52,439 Speaker 1: Then to make money, you know, Warren Buffett famously makes 252 00:11:52,679 --> 00:11:56,560 Speaker 1: about one point five million dollars per hour even when 253 00:11:56,559 --> 00:12:00,280 Speaker 1: he's sleeping, and I actually make about forty five dollars 254 00:12:00,320 --> 00:12:02,880 Speaker 1: per hour even when I'm sleeping, and I don't have 255 00:12:02,920 --> 00:12:05,000 Speaker 1: to trade any of my time to make that money. 256 00:12:05,280 --> 00:12:07,440 Speaker 1: So really, the central idea that you have to trade 257 00:12:07,440 --> 00:12:10,360 Speaker 1: your time for money is what holds most people back. 258 00:12:10,400 --> 00:12:12,640 Speaker 1: And the simple idea is that you should get your 259 00:12:12,679 --> 00:12:15,319 Speaker 1: money making money so you don't have to trade any 260 00:12:15,440 --> 00:12:18,160 Speaker 1: or very little of your time in order to make it. 261 00:12:18,200 --> 00:12:22,200 Speaker 1: And of course investing is just one example. Another simple 262 00:12:22,240 --> 00:12:25,920 Speaker 1: example is, you know, whenever you launch a business, instead 263 00:12:25,920 --> 00:12:28,800 Speaker 1: of just trading your own time for money, for example, 264 00:12:29,040 --> 00:12:31,800 Speaker 1: driving for Lift or driving for Uber, there's only so 265 00:12:31,840 --> 00:12:35,120 Speaker 1: many hours in the day that you can drive. But 266 00:12:35,320 --> 00:12:37,840 Speaker 1: if you launch your own side hustle, for example a 267 00:12:37,920 --> 00:12:41,400 Speaker 1: dog walking company, uh, and you're no longer limited by 268 00:12:41,400 --> 00:12:44,160 Speaker 1: the hours that you have in the day by hiring 269 00:12:44,240 --> 00:12:47,720 Speaker 1: other people to do the dog walks for you. Because 270 00:12:48,080 --> 00:12:50,240 Speaker 1: if you're always limited by your own time, you know, 271 00:12:50,280 --> 00:12:52,800 Speaker 1: you can't walk dogs for thirty hours a day. But 272 00:12:52,840 --> 00:12:55,120 Speaker 1: if you hire two people to walk dogs for you, 273 00:12:55,440 --> 00:12:58,439 Speaker 1: all of a sudden, you've multiplied the number of hours 274 00:12:58,480 --> 00:13:01,240 Speaker 1: that you can sell, and instead of selling your own time, 275 00:13:01,400 --> 00:13:05,199 Speaker 1: you're brokering other people's time, and you've disrupted that traditional 276 00:13:05,400 --> 00:13:09,120 Speaker 1: money time linear relationship where now you don't have to 277 00:13:09,120 --> 00:13:12,000 Speaker 1: trade your time or more of your time in order 278 00:13:12,040 --> 00:13:15,560 Speaker 1: to make more money. Another piece of the puzzle here 279 00:13:16,120 --> 00:13:20,040 Speaker 1: is that we often think about time very differently in 280 00:13:20,120 --> 00:13:22,960 Speaker 1: the West than they do in the East. We view 281 00:13:23,800 --> 00:13:28,679 Speaker 1: our lives as having a past, present in future, whereas 282 00:13:28,800 --> 00:13:31,720 Speaker 1: in the East it's often viewed time is often viewed 283 00:13:31,720 --> 00:13:36,040 Speaker 1: as more cyclical, and so life comes around and so 284 00:13:36,920 --> 00:13:40,240 Speaker 1: really the important takeaway here is that in the West, 285 00:13:40,320 --> 00:13:44,080 Speaker 1: we always believe that we're not going to have another opportunity, 286 00:13:44,320 --> 00:13:47,160 Speaker 1: and so we spend our lives filling every ten minutes, 287 00:13:47,520 --> 00:13:50,520 Speaker 1: every five minutes with another meeting. We try to stay 288 00:13:50,520 --> 00:13:53,840 Speaker 1: as busy as possible. But the paradoxes and trying to 289 00:13:53,880 --> 00:13:56,960 Speaker 1: stay as busy as possible and squeeze everything out of 290 00:13:57,040 --> 00:14:00,480 Speaker 1: every minute of the day, inherently we're actually sing out 291 00:14:00,520 --> 00:14:04,160 Speaker 1: on life because life often happens in the margins. It 292 00:14:04,200 --> 00:14:08,280 Speaker 1: often happens when you know you don't have anything to do, 293 00:14:08,640 --> 00:14:11,559 Speaker 1: when you simply have time and space with which to exist. 294 00:14:11,600 --> 00:14:13,880 Speaker 1: But we spend so much of our lives in the West, 295 00:14:13,920 --> 00:14:16,720 Speaker 1: in the United States, specifically, trying to fill every minute 296 00:14:16,760 --> 00:14:18,920 Speaker 1: of the day, uh, in order to get the most 297 00:14:18,960 --> 00:14:21,800 Speaker 1: of our lives. But it actually takes away from our 298 00:14:21,840 --> 00:14:23,960 Speaker 1: lives and doesn't allow us to truly live where in 299 00:14:24,000 --> 00:14:28,400 Speaker 1: the East. Uh. Time being cyclical. If you miss an opportunity, 300 00:14:29,160 --> 00:14:32,080 Speaker 1: you believe that it will always come back around. You know, 301 00:14:32,160 --> 00:14:35,560 Speaker 1: there's always another season, there's always another day. And that's 302 00:14:35,600 --> 00:14:38,600 Speaker 1: an important distinction I think to make. And so as 303 00:14:38,640 --> 00:14:41,000 Speaker 1: long as you believe that time is money, it's going 304 00:14:41,040 --> 00:14:44,280 Speaker 1: to hold you back. Time is not money. It's so 305 00:14:44,360 --> 00:14:49,080 Speaker 1: much richer. Uh, it's so much more ethereal. You know. 306 00:14:49,200 --> 00:14:51,720 Speaker 1: Time is like the wind passing, whereas money it's something 307 00:14:51,720 --> 00:14:53,920 Speaker 1: you can fold up and put in your pocket. And 308 00:14:54,000 --> 00:14:57,720 Speaker 1: so don't make the mistake of spending your entire life 309 00:14:58,240 --> 00:15:02,400 Speaker 1: working for a paycheck, trading your time for money, when 310 00:15:02,440 --> 00:15:04,840 Speaker 1: in reality, money is infinite. You can always go out 311 00:15:04,840 --> 00:15:07,360 Speaker 1: and make more money, but you can never get back 312 00:15:07,480 --> 00:15:10,760 Speaker 1: your time. This moment, your time is all there is 313 00:15:11,560 --> 00:15:13,440 Speaker 1: such good truth right there. I'm so glad we've got 314 00:15:13,440 --> 00:15:15,960 Speaker 1: granted on. Let's live into a dude so what he 315 00:15:16,040 --> 00:15:19,000 Speaker 1: just said, right, we're told that money and time are equals, 316 00:15:19,200 --> 00:15:21,400 Speaker 1: but in reality, you can always go out and you 317 00:15:21,400 --> 00:15:24,920 Speaker 1: can always earn more money. You can never get back time. However, 318 00:15:25,200 --> 00:15:27,360 Speaker 1: we're saying this, but it is way easier said than done, 319 00:15:27,760 --> 00:15:29,800 Speaker 1: which is why I'm glad that he gave that example 320 00:15:29,800 --> 00:15:31,320 Speaker 1: about the nine year old dude. You know, if you 321 00:15:31,360 --> 00:15:33,200 Speaker 1: gave you a hundred million dollars, would you trade places 322 00:15:33,240 --> 00:15:34,920 Speaker 1: with them? This is why I love that, right, because 323 00:15:34,920 --> 00:15:36,160 Speaker 1: you hear that and you think, well, of course not, 324 00:15:36,280 --> 00:15:38,560 Speaker 1: like I would never do that. And what that does 325 00:15:38,720 --> 00:15:41,760 Speaker 1: is it drives home the principle that time truly is 326 00:15:41,760 --> 00:15:44,760 Speaker 1: more valuable than money. In our youth, we think that 327 00:15:45,000 --> 00:15:48,000 Speaker 1: I've got more time, and because this is a resource 328 00:15:48,040 --> 00:15:50,720 Speaker 1: that we have, time, we think, oh, well, there's always 329 00:15:50,760 --> 00:15:52,720 Speaker 1: gonna be more time. Oh, I can always do that tomorrow. 330 00:15:53,120 --> 00:15:55,680 Speaker 1: We devalue our time now because we are younger and 331 00:15:55,720 --> 00:15:57,640 Speaker 1: we have what we think at least is the whole 332 00:15:57,640 --> 00:16:00,760 Speaker 1: life in front of us. And by that one example 333 00:16:00,880 --> 00:16:04,360 Speaker 1: right there, it makes me think, no, time really is 334 00:16:04,720 --> 00:16:08,080 Speaker 1: that much more valuable than money. Therefore, the things I 335 00:16:08,120 --> 00:16:11,200 Speaker 1: do now they should reflect that understanding. Yeah, Matt, and 336 00:16:11,240 --> 00:16:13,720 Speaker 1: I feel like another main point that I took away 337 00:16:14,000 --> 00:16:17,240 Speaker 1: from from what Grant had to say was to appreciate 338 00:16:17,240 --> 00:16:19,400 Speaker 1: the journey. And I feel like that example that you 339 00:16:19,440 --> 00:16:22,760 Speaker 1: just referenced actually drives at home too, because if we are, 340 00:16:23,040 --> 00:16:25,320 Speaker 1: you know, in our twenties or thirties or forties, and 341 00:16:25,480 --> 00:16:27,920 Speaker 1: let's say we're only focused on getting to the point 342 00:16:27,920 --> 00:16:30,640 Speaker 1: where we feel like we have enough money, then we're 343 00:16:30,640 --> 00:16:33,080 Speaker 1: gonna be missing all these amazing times along the way, 344 00:16:33,280 --> 00:16:38,080 Speaker 1: the journey that actually makes the destination worthwhile. I don't know, 345 00:16:38,120 --> 00:16:40,600 Speaker 1: I just imagined like a ninety year old Scrooge McDuck 346 00:16:40,680 --> 00:16:43,040 Speaker 1: kind of like sitting there counting his money and he's like, 347 00:16:43,040 --> 00:16:44,480 Speaker 1: I did it. I did it, and then it's like, 348 00:16:44,720 --> 00:16:47,440 Speaker 1: but I lost everything in the process, right, Joel. I 349 00:16:47,480 --> 00:16:50,480 Speaker 1: love that visual, but real quick, I wanted to mention 350 00:16:50,560 --> 00:16:53,520 Speaker 1: that trading our time for money, that is still how 351 00:16:53,560 --> 00:16:55,480 Speaker 1: we live right now, right Like, that's how you and 352 00:16:55,480 --> 00:16:57,440 Speaker 1: I survived, that's how we pay the bills, that's how 353 00:16:57,480 --> 00:17:00,320 Speaker 1: we support our family, and the thing is that we 354 00:17:00,360 --> 00:17:01,840 Speaker 1: just don't want to be doing that for the rest 355 00:17:01,840 --> 00:17:04,680 Speaker 1: of our lives. When you're stuck in that mindset, that's 356 00:17:04,720 --> 00:17:07,560 Speaker 1: when you're constantly on that treadmill, Grant mentioned that there's 357 00:17:07,560 --> 00:17:10,640 Speaker 1: a certain point in life where that's no longer the case, 358 00:17:11,040 --> 00:17:12,960 Speaker 1: and what he's talking about is financial independence, and that's 359 00:17:12,960 --> 00:17:15,199 Speaker 1: what you just alluded to. That's what we're sort of 360 00:17:15,240 --> 00:17:17,320 Speaker 1: saving our money for. That's the point that we're looking 361 00:17:17,359 --> 00:17:20,200 Speaker 1: ahead towards to know that at this point in time 362 00:17:20,200 --> 00:17:24,040 Speaker 1: we will hopefully no longer have to trade our time 363 00:17:24,200 --> 00:17:26,520 Speaker 1: for money like we still might. And we've talked about 364 00:17:26,520 --> 00:17:28,800 Speaker 1: this before in previous episodes. You know, it doesn't mean 365 00:17:28,800 --> 00:17:31,240 Speaker 1: we're gonna retire and kick back and not do any work, 366 00:17:31,440 --> 00:17:32,879 Speaker 1: but to know that we have the option to no 367 00:17:32,960 --> 00:17:36,399 Speaker 1: longer trade our time, our life, energy right like the 368 00:17:36,400 --> 00:17:40,359 Speaker 1: remaining years that we have for money, that's financial independence, man. 369 00:17:40,400 --> 00:17:42,960 Speaker 1: I feel like this topic too, can help people visualize 370 00:17:43,000 --> 00:17:45,840 Speaker 1: their current day job and work a little bit differently, 371 00:17:46,119 --> 00:17:48,600 Speaker 1: and just seeing that time and money are not equivalent 372 00:17:48,840 --> 00:17:51,159 Speaker 1: can help you realize that the hours that you spend 373 00:17:51,160 --> 00:17:54,639 Speaker 1: in the day are more meaningful than you thought. I 374 00:17:54,680 --> 00:17:56,760 Speaker 1: don't know about you, but for me, it just reframed 375 00:17:56,800 --> 00:17:59,000 Speaker 1: things just a little bit. To see my time in 376 00:17:59,000 --> 00:18:02,080 Speaker 1: a in a way that that's a little more meaningful 377 00:18:02,119 --> 00:18:04,639 Speaker 1: than I typically think of it every day. Sometimes it's like, oh, 378 00:18:04,680 --> 00:18:07,040 Speaker 1: we gotta go to work, gotta do this, and oftentimes 379 00:18:07,080 --> 00:18:09,800 Speaker 1: it feels like I'm thinking about my time in accordance 380 00:18:09,840 --> 00:18:12,680 Speaker 1: to what society places on me or what they say 381 00:18:12,760 --> 00:18:15,920 Speaker 1: about my time and why it's valuable. Beginning to hear 382 00:18:15,920 --> 00:18:18,240 Speaker 1: what Grant said, it actually kind of made me take 383 00:18:18,280 --> 00:18:20,160 Speaker 1: my time back into my own hands and say, well, 384 00:18:20,160 --> 00:18:22,040 Speaker 1: what does my time mean to me? Where do I 385 00:18:22,080 --> 00:18:23,880 Speaker 1: like to spend it? And it's just made my time, 386 00:18:23,920 --> 00:18:27,679 Speaker 1: honestly at the dinner table and after dinner and before 387 00:18:27,680 --> 00:18:30,040 Speaker 1: I take my girls to school, like those kind of 388 00:18:30,080 --> 00:18:33,000 Speaker 1: times with them, with my family even just a little 389 00:18:33,040 --> 00:18:36,199 Speaker 1: bit richer, just knowing that my time isn't money. My 390 00:18:36,320 --> 00:18:39,840 Speaker 1: time is mine to enjoy with the people that I 391 00:18:39,880 --> 00:18:42,200 Speaker 1: love and care about, and you know, we talk about 392 00:18:42,240 --> 00:18:44,560 Speaker 1: that on the show, Matt, but this just helped cement 393 00:18:44,640 --> 00:18:46,199 Speaker 1: that for me a little bit more. And it's kind 394 00:18:46,200 --> 00:18:49,080 Speaker 1: of one of those gentle reminders that I need to 395 00:18:49,119 --> 00:18:52,400 Speaker 1: remember that my time is not just equivalent to money, 396 00:18:52,480 --> 00:18:55,600 Speaker 1: and that's just honestly an awful thing that if we 397 00:18:55,640 --> 00:18:57,159 Speaker 1: do think about it that way, and it might be 398 00:18:57,240 --> 00:18:59,240 Speaker 1: subtly in the back of your mind, we have to 399 00:18:59,280 --> 00:19:01,600 Speaker 1: reframe that because that's not an okay way to think 400 00:19:01,600 --> 00:19:04,840 Speaker 1: about your time. It's not equivalent to money. Yeah, and 401 00:19:04,920 --> 00:19:06,679 Speaker 1: so if you do have that mindset, right, if you 402 00:19:06,680 --> 00:19:08,639 Speaker 1: do have the mindset that I have to trade my 403 00:19:08,720 --> 00:19:11,520 Speaker 1: time for money. You know what Grant did mention though, 404 00:19:11,600 --> 00:19:13,920 Speaker 1: is that we can disrupt that mindset. And like you said, 405 00:19:14,040 --> 00:19:16,200 Speaker 1: we can do it by reframing the way we think 406 00:19:16,240 --> 00:19:18,240 Speaker 1: about the time that we do have that we're not working, 407 00:19:18,520 --> 00:19:22,520 Speaker 1: but then also by investing and creating business. And I 408 00:19:22,560 --> 00:19:24,679 Speaker 1: want to just to encourage our listeners to that if 409 00:19:24,720 --> 00:19:27,480 Speaker 1: you've invested anything at all, you have started down the 410 00:19:27,480 --> 00:19:30,520 Speaker 1: path towards financial independence, because that is the goal of 411 00:19:30,560 --> 00:19:33,399 Speaker 1: saving for retirement. You're saving for retirement so that years 412 00:19:33,440 --> 00:19:35,440 Speaker 1: and maybe even decades from now, when it comes time 413 00:19:35,440 --> 00:19:37,359 Speaker 1: for you to retire, that that money is there, and 414 00:19:37,359 --> 00:19:39,200 Speaker 1: that money is going to be there, and you're gonna be, 415 00:19:39,400 --> 00:19:42,280 Speaker 1: you know, earning from that without having to lift a finger. 416 00:19:42,480 --> 00:19:43,480 Speaker 1: And so yeah, I just want that to be an 417 00:19:43,560 --> 00:19:45,760 Speaker 1: encouragement because I think it's easy to hear that, oh, yeah, 418 00:19:45,800 --> 00:19:47,600 Speaker 1: you need to find ways to have passive streams of 419 00:19:47,600 --> 00:19:49,920 Speaker 1: income right now so that you can do the things 420 00:19:49,960 --> 00:19:51,960 Speaker 1: that you need to do without working for your money anymore. 421 00:19:51,960 --> 00:19:55,600 Speaker 1: And it sounds a little defeating, It sounds almost impossible. However, 422 00:19:55,920 --> 00:19:57,800 Speaker 1: even the small steps that you're taking right now, right 423 00:19:57,880 --> 00:20:00,520 Speaker 1: contributing to your four own k, these are all steps 424 00:20:00,560 --> 00:20:04,840 Speaker 1: in the direction of financial independence and just stay the course. Yeah, man, 425 00:20:04,880 --> 00:20:07,159 Speaker 1: And I thought what Grant said about kind of the 426 00:20:07,160 --> 00:20:09,679 Speaker 1: way we view time here in the West versus the 427 00:20:09,680 --> 00:20:11,720 Speaker 1: way they view time in the East was just kind 428 00:20:11,720 --> 00:20:14,320 Speaker 1: of fascinating. And we do really make an attempt to 429 00:20:14,320 --> 00:20:17,000 Speaker 1: fill every minute of the day, and we we stay busy, 430 00:20:17,080 --> 00:20:21,399 Speaker 1: even if that business doesn't necessarily equal productivity or or meaning. 431 00:20:21,680 --> 00:20:23,679 Speaker 1: It reminds me actually of a of an article I 432 00:20:23,720 --> 00:20:25,600 Speaker 1: read a few weeks back, maybe even a month ago, 433 00:20:25,840 --> 00:20:27,879 Speaker 1: and I posted it in our Facebook group, which you 434 00:20:27,920 --> 00:20:29,400 Speaker 1: can find, by the way, if you go to Facebook 435 00:20:29,440 --> 00:20:31,199 Speaker 1: dot com and you type in how the Money. And 436 00:20:31,240 --> 00:20:33,000 Speaker 1: it was an article from The Guardian. It was like 437 00:20:33,040 --> 00:20:35,520 Speaker 1: their long form of Sunday Read, and it was about 438 00:20:35,520 --> 00:20:38,720 Speaker 1: time management. In the article, the the author talked about 439 00:20:38,760 --> 00:20:40,920 Speaker 1: how the there was a guy that gave a talk 440 00:20:40,920 --> 00:20:44,840 Speaker 1: at Google about zero email inbox, zero inbox, and he 441 00:20:44,920 --> 00:20:46,880 Speaker 1: kind of became a celebrity of sorts after that talk 442 00:20:46,920 --> 00:20:49,119 Speaker 1: at Google where everyone just said I need to have 443 00:20:49,240 --> 00:20:52,720 Speaker 1: zero inbox, and I gotta admitted times like I've had 444 00:20:52,720 --> 00:20:54,880 Speaker 1: that desire to have zero inbox, to have this clean 445 00:20:54,920 --> 00:20:57,720 Speaker 1: feeling where I've answered all the emails. But actually, the 446 00:20:57,760 --> 00:21:00,399 Speaker 1: interesting thing about zero inbox, if you're shooting for that, 447 00:21:00,440 --> 00:21:03,080 Speaker 1: which is literally to have all your email emails answered 448 00:21:03,119 --> 00:21:05,240 Speaker 1: at the end of the day, to be back down 449 00:21:05,240 --> 00:21:08,560 Speaker 1: to zero, ultimately it's never ending. When you send more email, 450 00:21:08,720 --> 00:21:11,520 Speaker 1: it begets more email. You reply to people, they reply back, 451 00:21:11,720 --> 00:21:14,960 Speaker 1: and it just becomes so war exactly what I on 452 00:21:15,080 --> 00:21:17,560 Speaker 1: zero inbox and year zero inbox, and it's just sort 453 00:21:17,600 --> 00:21:19,760 Speaker 1: of like a battle until five pm or whenever it 454 00:21:19,760 --> 00:21:21,920 Speaker 1: does that you wanna call quits. Yeah, I know, so 455 00:21:22,080 --> 00:21:24,399 Speaker 1: it it just really does kind of get insane. He 456 00:21:24,400 --> 00:21:26,200 Speaker 1: gets out of hand. And it just made me think 457 00:21:26,280 --> 00:21:30,399 Speaker 1: that working towards this rigorous amount of productivity, ultimately that's 458 00:21:30,440 --> 00:21:33,560 Speaker 1: going to ensure that we miss out on meaningful moments 459 00:21:33,600 --> 00:21:37,040 Speaker 1: in life, striving against something that really doesn't even exist. 460 00:21:37,440 --> 00:21:40,960 Speaker 1: Because what's the ultimate goal of being zero inbox or 461 00:21:41,200 --> 00:21:44,280 Speaker 1: being the most productive person and and and having the 462 00:21:44,320 --> 00:21:47,760 Speaker 1: busiest schedule, is that the mark of success or is 463 00:21:47,800 --> 00:21:50,440 Speaker 1: the mark of success, the fact that we own more 464 00:21:50,440 --> 00:21:52,919 Speaker 1: of our time and we're able to take back some 465 00:21:53,000 --> 00:21:54,879 Speaker 1: of our life. And the only way that we can 466 00:21:54,920 --> 00:21:57,159 Speaker 1: do that, right is by what Grant said, and is 467 00:21:57,200 --> 00:21:59,520 Speaker 1: by creating some of these steady streams of income. And 468 00:21:59,520 --> 00:22:01,480 Speaker 1: I love what you said to Matt. If you've started, 469 00:22:01,560 --> 00:22:03,479 Speaker 1: you're on the path, and what we want to do 470 00:22:03,640 --> 00:22:07,040 Speaker 1: is help you to accelerate that path because it sounds daunting. 471 00:22:07,080 --> 00:22:08,760 Speaker 1: And grant story that we talked about at the very 472 00:22:08,760 --> 00:22:11,800 Speaker 1: beginning of the show, it's impressive, right, It's amazing that 473 00:22:11,840 --> 00:22:14,520 Speaker 1: he went from having not enough money for Chipotle burrito 474 00:22:14,600 --> 00:22:15,880 Speaker 1: and by the way, if he comes into town, I'll 475 00:22:15,880 --> 00:22:18,280 Speaker 1: buy him one, right, But he didn't even have that 476 00:22:18,359 --> 00:22:20,640 Speaker 1: much money and he went to millionaire in four years, 477 00:22:20,680 --> 00:22:22,240 Speaker 1: and that it's that kind of story that I don't 478 00:22:22,240 --> 00:22:24,080 Speaker 1: know about you. I see that headline or I read 479 00:22:24,080 --> 00:22:26,960 Speaker 1: about that, and I'm like, whatever, nobody else can do that. Yeah, 480 00:22:27,000 --> 00:22:28,800 Speaker 1: it's like a one in a million shot, right for 481 00:22:28,840 --> 00:22:30,720 Speaker 1: that to be you and your story. So you're saying 482 00:22:30,720 --> 00:22:34,199 Speaker 1: there's a chance, right, So it does feel like this 483 00:22:34,280 --> 00:22:37,440 Speaker 1: kind of unattainable goal. And and even saying that about him, 484 00:22:37,880 --> 00:22:40,920 Speaker 1: I feel that right. Viscerally, I feel that reaction that 485 00:22:40,920 --> 00:22:43,000 Speaker 1: that it's a hard thing to achieve, and it is, 486 00:22:43,320 --> 00:22:45,280 Speaker 1: but Grant worked really hard and not only did he 487 00:22:45,320 --> 00:22:47,840 Speaker 1: do that, but he decided to let go of a 488 00:22:47,840 --> 00:22:51,640 Speaker 1: lot of potential pleasure now, a lot of potential consumeristic 489 00:22:51,640 --> 00:22:54,399 Speaker 1: pleasure more than anything now, in order to achieve a 490 00:22:54,440 --> 00:22:58,600 Speaker 1: goal where his money compounds on itself to to pay 491 00:22:58,600 --> 00:23:01,200 Speaker 1: for his living expenses. And that's a really cool goal 492 00:23:01,359 --> 00:23:03,439 Speaker 1: goal to have, you know, we talked about that in 493 00:23:03,480 --> 00:23:05,919 Speaker 1: our episode about financial independence. Is it a good idea 494 00:23:06,440 --> 00:23:08,040 Speaker 1: that that it is a good goal to have, but 495 00:23:08,080 --> 00:23:09,639 Speaker 1: it's at the same time, it's not worth it if 496 00:23:09,640 --> 00:23:11,439 Speaker 1: you have a mindset that says that your time is 497 00:23:11,440 --> 00:23:13,480 Speaker 1: equal to your money, because you don't want to miss 498 00:23:13,520 --> 00:23:15,679 Speaker 1: out on the beautiful moments that are happening in the 499 00:23:15,760 --> 00:23:19,680 Speaker 1: journey right now because you think that there's this pot 500 00:23:19,680 --> 00:23:21,400 Speaker 1: of gold at the end of the rainbow. Because that's 501 00:23:21,440 --> 00:23:23,639 Speaker 1: not the case either. And he also mentioned how like 502 00:23:23,720 --> 00:23:26,480 Speaker 1: in the East, time is more cyclical. I've got less 503 00:23:26,480 --> 00:23:28,560 Speaker 1: experience with that, right, But what I do have experience 504 00:23:28,600 --> 00:23:30,560 Speaker 1: with is going of going to different countries and seeing 505 00:23:30,560 --> 00:23:33,119 Speaker 1: how they view time and how they live as a 506 00:23:33,160 --> 00:23:37,280 Speaker 1: culture and how relaxed they seem, and I think that's 507 00:23:37,280 --> 00:23:40,159 Speaker 1: so important. So much of how we view time in 508 00:23:40,200 --> 00:23:42,800 Speaker 1: the United States is viewed through the filter of time 509 00:23:42,840 --> 00:23:46,160 Speaker 1: egals money. We're all about productivity, we're all about creating 510 00:23:46,640 --> 00:23:51,040 Speaker 1: new stuff, new technologies, advancing things, and I think there's 511 00:23:51,080 --> 00:23:52,840 Speaker 1: a lot to be learned from other countries and how 512 00:23:52,840 --> 00:23:55,760 Speaker 1: they view time and how they relax. Honestly, it's it's 513 00:23:55,760 --> 00:23:58,119 Speaker 1: inspirational and maybe that's part of why we do go 514 00:23:58,160 --> 00:24:01,840 Speaker 1: on vacations is to see how these cultures take it easy. 515 00:24:02,160 --> 00:24:04,960 Speaker 1: You get to Paris in uh gosh, I think August, 516 00:24:05,000 --> 00:24:06,800 Speaker 1: like Kate and I were there like several years ago, 517 00:24:07,240 --> 00:24:09,360 Speaker 1: like the whole city shuts down, like the entire population 518 00:24:09,440 --> 00:24:11,679 Speaker 1: leaves and goes to the coast and just relaxes. And 519 00:24:11,720 --> 00:24:14,760 Speaker 1: if you ever meet in Australian while you're traveling, they 520 00:24:14,760 --> 00:24:17,000 Speaker 1: always they asked, I feel like this always happens. They 521 00:24:17,040 --> 00:24:19,480 Speaker 1: asked me how long I'm traveling for and it's usually 522 00:24:19,560 --> 00:24:22,680 Speaker 1: like a week, like days, yeah, and and they're like, oh, 523 00:24:22,760 --> 00:24:25,000 Speaker 1: we're we're doing like a three month thing. And it's 524 00:24:25,400 --> 00:24:27,840 Speaker 1: it's just like that's how the Australians travel. They're always 525 00:24:27,880 --> 00:24:30,120 Speaker 1: on like a month and a half or longer holiday, 526 00:24:30,560 --> 00:24:32,640 Speaker 1: so much more chill. Yeah, and we're just on these 527 00:24:32,880 --> 00:24:36,399 Speaker 1: ridiculous short term, week long vacations. It sucks, Yeah, but 528 00:24:36,400 --> 00:24:38,560 Speaker 1: I think it's worth challenging ourselves to look at time 529 00:24:38,640 --> 00:24:40,800 Speaker 1: more through that lens of of more, a more relaxed 530 00:24:40,880 --> 00:24:44,119 Speaker 1: view of time. I am half Korean, so I don't know. 531 00:24:44,160 --> 00:24:46,280 Speaker 1: Maybe I expected you to assume that I knew all 532 00:24:46,320 --> 00:24:49,640 Speaker 1: about the cyclical nature of time. Joel, Hey, no assumptions 533 00:24:49,680 --> 00:24:51,439 Speaker 1: over here, Buj Bopp and Kim She you want some 534 00:24:51,480 --> 00:24:54,360 Speaker 1: of that some of that Korean food. Hey, if you're 535 00:24:54,400 --> 00:24:56,399 Speaker 1: making it, I'll eat it. Yeah. So, I think we 536 00:24:56,480 --> 00:24:58,840 Speaker 1: covered a lot of the problem and and a huge 537 00:24:58,840 --> 00:25:00,840 Speaker 1: part of that is your mindset. But let's talk about 538 00:25:00,840 --> 00:25:02,960 Speaker 1: some of the ways to disrupt that way of thinking, 539 00:25:03,000 --> 00:25:15,320 Speaker 1: and we'll get to that right after this break. We're back. Now, 540 00:25:15,400 --> 00:25:18,919 Speaker 1: let's cover some takeaways for our listeners. Then before we 541 00:25:18,960 --> 00:25:20,920 Speaker 1: even start with us, I want to mention that at 542 00:25:21,000 --> 00:25:23,280 Speaker 1: its core, like what Grant's talking about here is he's 543 00:25:23,280 --> 00:25:26,160 Speaker 1: making an argument for financial independence. And if you are 544 00:25:26,160 --> 00:25:28,919 Speaker 1: in the mindset that you have to show up, you 545 00:25:29,000 --> 00:25:31,679 Speaker 1: have to work your hours, and then you receive pay right, like, 546 00:25:31,720 --> 00:25:34,439 Speaker 1: just the traditional model of working, that isn't how financial 547 00:25:34,480 --> 00:25:37,480 Speaker 1: independence works. Yeah, that can be. I think an unending 548 00:25:37,640 --> 00:25:40,360 Speaker 1: cycle and a rut that you get in. And if 549 00:25:40,359 --> 00:25:43,240 Speaker 1: you truly buy into the time equals money mindset, you've 550 00:25:43,240 --> 00:25:46,080 Speaker 1: signed up for a lifetime essentially forty plus years of 551 00:25:46,240 --> 00:25:49,240 Speaker 1: time for money. And I think there's a lot of ways, Matt, 552 00:25:49,240 --> 00:25:51,760 Speaker 1: in which we can cut down on that amount of 553 00:25:51,760 --> 00:25:54,160 Speaker 1: time where we're trading time for money in the here 554 00:25:54,160 --> 00:25:56,560 Speaker 1: and now, but also in the future. And that only 555 00:25:56,600 --> 00:25:59,200 Speaker 1: happens through doing a couple of things, right, Yeah, man, 556 00:25:59,240 --> 00:26:01,760 Speaker 1: that's right. And so the first way is investing, and 557 00:26:01,840 --> 00:26:05,000 Speaker 1: we talk often about investing, investing for your retirements. This 558 00:26:05,040 --> 00:26:08,320 Speaker 1: is something that pretty much anyone can do. You can 559 00:26:08,359 --> 00:26:10,959 Speaker 1: start now, It doesn't take any special skill. And if 560 00:26:11,000 --> 00:26:13,840 Speaker 1: you have already started investing, like we said earlier, you 561 00:26:13,880 --> 00:26:16,800 Speaker 1: are already on your path towards financial independence. But just 562 00:26:16,920 --> 00:26:19,200 Speaker 1: keep it up. Yeah, man, I think if someone is 563 00:26:19,240 --> 00:26:22,720 Speaker 1: listening out there and they are kind of inspired to think, wow, yeah, 564 00:26:22,760 --> 00:26:24,960 Speaker 1: my time it does an equal money, and I don't 565 00:26:25,000 --> 00:26:27,680 Speaker 1: want to be signed up for that life of forty 566 00:26:27,800 --> 00:26:31,040 Speaker 1: plus years, you know, working forty plus hours a week. 567 00:26:31,400 --> 00:26:34,680 Speaker 1: Oftentimes many people working more than that. I know oftentimes 568 00:26:34,720 --> 00:26:37,840 Speaker 1: people working fifty or sixty hours a week, and that 569 00:26:38,080 --> 00:26:41,679 Speaker 1: is in my mind unsustainable, right, that's unsustainable. And one 570 00:26:41,720 --> 00:26:43,640 Speaker 1: of the only ways around that, like you said, is 571 00:26:43,640 --> 00:26:46,119 Speaker 1: is to invest your money. And so, yeah, you can 572 00:26:46,119 --> 00:26:48,200 Speaker 1: go back and listen to multiple episodes that we've recorded. 573 00:26:48,240 --> 00:26:49,960 Speaker 1: One that I can think about the top of my 574 00:26:50,000 --> 00:26:52,679 Speaker 1: head is retirement investing is simpler than you think, and 575 00:26:52,720 --> 00:26:54,720 Speaker 1: I think it's a good goal for someone to maybe 576 00:26:54,920 --> 00:26:58,240 Speaker 1: think about incrementally stepping up how much they're investing. And 577 00:26:58,320 --> 00:27:00,280 Speaker 1: whether you have a four oh one k through work 578 00:27:00,320 --> 00:27:01,800 Speaker 1: and you can go in there today and you can 579 00:27:01,840 --> 00:27:05,200 Speaker 1: bump up your percentage that you're allocating to your four 580 00:27:05,240 --> 00:27:07,520 Speaker 1: ohne k from your paycheck by one percent and then 581 00:27:07,520 --> 00:27:10,680 Speaker 1: maybe do that again a few months from now. Or 582 00:27:10,680 --> 00:27:13,159 Speaker 1: whether you have an I RA that you contribute to 583 00:27:13,400 --> 00:27:16,639 Speaker 1: automatically every month and it gets deducted out of your 584 00:27:16,640 --> 00:27:19,080 Speaker 1: bank account. Let's say it's at fifty bucks right now. 585 00:27:19,119 --> 00:27:22,120 Speaker 1: A month, see if you can up that to seventy five. Hopefully, 586 00:27:22,400 --> 00:27:25,879 Speaker 1: this idea, this realization that your time is not equivalent 587 00:27:25,920 --> 00:27:28,280 Speaker 1: to your money, your time is actually much more valuable, 588 00:27:28,520 --> 00:27:31,960 Speaker 1: helps you to prioritize investing so that you can break 589 00:27:32,000 --> 00:27:34,679 Speaker 1: that cycle and you don't have to keep trading your 590 00:27:34,720 --> 00:27:37,439 Speaker 1: time for money like you might be doing now. And 591 00:27:37,520 --> 00:27:40,320 Speaker 1: the second way that you can disrupt that linear model 592 00:27:40,480 --> 00:27:43,199 Speaker 1: where time equals money, you've got investing, and the second 593 00:27:43,400 --> 00:27:46,199 Speaker 1: is creating a business. You know, it's funny that he 594 00:27:46,600 --> 00:27:48,960 Speaker 1: he gave the example of dog walking, because that is 595 00:27:49,040 --> 00:27:51,639 Speaker 1: an example that we gave on our episode Creating a 596 00:27:51,680 --> 00:27:54,879 Speaker 1: Dope side Hustle. You must listen to the podcast versus 597 00:27:54,920 --> 00:27:57,000 Speaker 1: certain sort of side hustles and jobs right where you're 598 00:27:57,000 --> 00:27:59,680 Speaker 1: say driving for uber or lift. Those are things that 599 00:27:59,720 --> 00:28:01,280 Speaker 1: you can you certainly on the side to create some 600 00:28:01,320 --> 00:28:04,080 Speaker 1: more money, but they're sort of dead end side hustles. 601 00:28:04,080 --> 00:28:06,640 Speaker 1: They're sort of dead end jobs. You want something as 602 00:28:06,760 --> 00:28:09,399 Speaker 1: even unglamorous, maybe as dog walking, because you know what, 603 00:28:09,560 --> 00:28:11,600 Speaker 1: like that's something that you can scale. You can have 604 00:28:11,640 --> 00:28:14,240 Speaker 1: employees and before you know it, you're not walking any dogs. 605 00:28:14,320 --> 00:28:17,320 Speaker 1: You're the one managing the people who are walking the dogs. 606 00:28:17,400 --> 00:28:19,479 Speaker 1: And that is another way that you're able to not 607 00:28:19,600 --> 00:28:22,680 Speaker 1: trade your hours for money. Maybe you are working some, 608 00:28:22,760 --> 00:28:25,600 Speaker 1: but you've decreased the number of hours that you're actually working. 609 00:28:25,880 --> 00:28:27,680 Speaker 1: Think of it as sort of a more efficient use 610 00:28:27,720 --> 00:28:29,399 Speaker 1: of your time, Like you are now the manager and 611 00:28:29,440 --> 00:28:31,399 Speaker 1: as you sort of climbed that mountain, you're spending fewer 612 00:28:31,400 --> 00:28:34,400 Speaker 1: and fewer hours working. So, Matt, I know you're kind 613 00:28:34,400 --> 00:28:36,639 Speaker 1: of doing this at your day job, which is a 614 00:28:36,640 --> 00:28:39,600 Speaker 1: photography business that you started years ago with your wife. 615 00:28:39,800 --> 00:28:42,560 Speaker 1: But to tell us, like, how how have you been 616 00:28:42,600 --> 00:28:44,440 Speaker 1: trying to implement this in your life and how has 617 00:28:44,480 --> 00:28:46,600 Speaker 1: that been working for you? Yeah, I have been doing that. 618 00:28:46,640 --> 00:28:48,080 Speaker 1: It's taken a couple of years to kind of get 619 00:28:48,080 --> 00:28:50,120 Speaker 1: it rolling. And it's hard, I'll be honest, it's hard 620 00:28:50,120 --> 00:28:52,640 Speaker 1: to get out of the mindset of doing the job 621 00:28:52,680 --> 00:28:55,360 Speaker 1: that you've done for almost more than seen years now 622 00:28:55,800 --> 00:28:58,360 Speaker 1: because you're taking on new responsibilities and it's a little 623 00:28:58,400 --> 00:29:02,120 Speaker 1: bit scary. It's less of doing the actual craft, the 624 00:29:02,160 --> 00:29:04,120 Speaker 1: thing that you sort of fell in love with doing initially. 625 00:29:04,240 --> 00:29:06,320 Speaker 1: Right for me, it was that was taking pictures and 626 00:29:06,360 --> 00:29:09,480 Speaker 1: making stuff look pretty. And it's a shift in rolls 627 00:29:09,520 --> 00:29:11,720 Speaker 1: and so on that note, I will say that it's 628 00:29:11,880 --> 00:29:14,880 Speaker 1: it may not be for everybody, because some folks may 629 00:29:14,880 --> 00:29:18,120 Speaker 1: not have the capacity to take on managing people. It's 630 00:29:18,120 --> 00:29:20,480 Speaker 1: a little trickier. It's it's not just doing the job. 631 00:29:20,560 --> 00:29:23,200 Speaker 1: It's working on the job. That's working on the business 632 00:29:23,360 --> 00:29:26,960 Speaker 1: versus working within it. But for me, honestly, wanting to 633 00:29:27,000 --> 00:29:29,800 Speaker 1: spend more time with my family and wanting to do 634 00:29:29,840 --> 00:29:32,640 Speaker 1: this podcast more has spurred me on to spend less 635 00:29:32,640 --> 00:29:35,520 Speaker 1: time shooting. And it's not because I don't enjoy photography 636 00:29:35,520 --> 00:29:37,280 Speaker 1: as much anymore. I still freaking love it. It's what 637 00:29:37,360 --> 00:29:40,080 Speaker 1: makes this so hard. But I'm trying to I've got 638 00:29:40,120 --> 00:29:43,000 Speaker 1: another photographer that shoots a lot with me, and she 639 00:29:43,040 --> 00:29:45,640 Speaker 1: shoots for me as well, and I'm looking to increase that. 640 00:29:45,720 --> 00:29:47,800 Speaker 1: I'm still doing a lot of the business end of things, 641 00:29:48,080 --> 00:29:50,400 Speaker 1: but too in the end produced a number of hours 642 00:29:50,480 --> 00:29:53,520 Speaker 1: that I'm dedicating towards the photography business. That's my goal, 643 00:29:53,520 --> 00:29:55,760 Speaker 1: and honestly, after reading Grant's book, it's kind of gotten 644 00:29:55,800 --> 00:29:58,400 Speaker 1: me fired up to go down that path even harder. 645 00:29:58,720 --> 00:30:01,120 Speaker 1: And again, it's not because I don't enjoy it, but 646 00:30:01,240 --> 00:30:03,960 Speaker 1: it's because there's other awesome things that I'm excited about. 647 00:30:04,320 --> 00:30:07,800 Speaker 1: You need doing this podcast And sorry, my family they 648 00:30:08,040 --> 00:30:11,720 Speaker 1: kind of beat you out. I mean, I don't understand that. 649 00:30:11,760 --> 00:30:13,160 Speaker 1: To be honest, I'm pretty fun to hang out with, 650 00:30:13,200 --> 00:30:15,560 Speaker 1: but yeah, man, I think too. I want to encourage 651 00:30:15,560 --> 00:30:17,040 Speaker 1: people that if this kind of makes sense, if it 652 00:30:17,080 --> 00:30:19,560 Speaker 1: kind of clicks, it can also feel like a daunting 653 00:30:19,600 --> 00:30:21,680 Speaker 1: task to say, Hey, start a business where you can 654 00:30:22,320 --> 00:30:24,560 Speaker 1: eventually see yourself out of it and other people make 655 00:30:24,560 --> 00:30:28,520 Speaker 1: you money or start investing heavily right now, and you 656 00:30:28,520 --> 00:30:30,320 Speaker 1: know you'll be there at some point, yeah something you'll 657 00:30:30,320 --> 00:30:31,640 Speaker 1: be able to kick back and you'll just have all 658 00:30:31,640 --> 00:30:35,160 Speaker 1: this cash flowing in and you won't have to work. Yeah, daunting, 659 00:30:35,320 --> 00:30:37,920 Speaker 1: and uh it sounds a touch unrealistic. But that doesn't 660 00:30:37,920 --> 00:30:40,040 Speaker 1: sound very attainable, doesn't, right. So I want to encourage 661 00:30:40,040 --> 00:30:42,040 Speaker 1: people that I feel like the only way to really 662 00:30:42,480 --> 00:30:44,480 Speaker 1: to really get there, and we talked about this a 663 00:30:44,520 --> 00:30:47,040 Speaker 1: lot on the show through a bunch of individual episodes 664 00:30:47,720 --> 00:30:50,280 Speaker 1: is frugality. Man, Like, I feel like you have to 665 00:30:50,480 --> 00:30:53,960 Speaker 1: start there. There's no way around it. You can grow 666 00:30:54,000 --> 00:30:56,760 Speaker 1: your income, right, but you also have to cut back 667 00:30:56,800 --> 00:30:58,880 Speaker 1: in the areas that don't matter. And I feel like 668 00:30:58,880 --> 00:31:01,320 Speaker 1: that's such an important thing that we have to mention 669 00:31:01,400 --> 00:31:03,400 Speaker 1: even in this episode, is that if you want to 670 00:31:03,400 --> 00:31:05,760 Speaker 1: get to the point where you're not trading time for money, 671 00:31:06,000 --> 00:31:08,560 Speaker 1: if you see that as a path with no real endgame. 672 00:31:09,080 --> 00:31:11,280 Speaker 1: You're right, it doesn't have one. And the only way 673 00:31:11,320 --> 00:31:13,920 Speaker 1: around that is to cut your expenses and then grow 674 00:31:14,000 --> 00:31:17,120 Speaker 1: that gap, that savings gap where you can invest it 675 00:31:17,320 --> 00:31:20,640 Speaker 1: so you can prioritize that that future of not trading 676 00:31:20,640 --> 00:31:22,520 Speaker 1: time for money. So I just want to encourage people 677 00:31:22,680 --> 00:31:25,440 Speaker 1: it's possible. It sounds a little daunting, and and it 678 00:31:25,480 --> 00:31:28,120 Speaker 1: sounds maybe a little high, a little high and lofty 679 00:31:28,240 --> 00:31:31,560 Speaker 1: and and potentially unattainable, but it is attainable, and it 680 00:31:31,600 --> 00:31:34,360 Speaker 1: takes small steps then compounding those steps on top of 681 00:31:34,400 --> 00:31:36,560 Speaker 1: each other, and it all begins with with living a 682 00:31:36,560 --> 00:31:39,440 Speaker 1: more frugal life and cutting back in those areas where 683 00:31:39,440 --> 00:31:42,280 Speaker 1: you can. I love that man, super encouraging, and like 684 00:31:42,320 --> 00:31:44,960 Speaker 1: I wanted to encourage our listeners as well, because yes, 685 00:31:45,080 --> 00:31:48,440 Speaker 1: financial independence, thinking that there's this point in time where 686 00:31:48,480 --> 00:31:50,840 Speaker 1: you'll no longer have to work, I want to challenge 687 00:31:50,880 --> 00:31:53,040 Speaker 1: even that notion right and say that there are varying 688 00:31:53,040 --> 00:31:56,280 Speaker 1: degrees of financial independence. And what I mean by that 689 00:31:56,480 --> 00:31:59,720 Speaker 1: is to consider what financial independence would look like for you, 690 00:31:59,760 --> 00:32:01,840 Speaker 1: like years and years down the road, and find ways 691 00:32:01,880 --> 00:32:04,920 Speaker 1: to start incorporating that into your lifestyle. Now, this is 692 00:32:04,960 --> 00:32:07,000 Speaker 1: something Joel, you and I have talked about before that 693 00:32:07,080 --> 00:32:09,560 Speaker 1: if you are so focused on that end goal that 694 00:32:09,600 --> 00:32:12,240 Speaker 1: you're neglecting your life now, that you're not pursuing your hobbies, 695 00:32:12,240 --> 00:32:15,040 Speaker 1: that you're not fostering and growing relationships with your friends 696 00:32:15,080 --> 00:32:16,920 Speaker 1: and with your family, and you think that at some 697 00:32:16,960 --> 00:32:21,280 Speaker 1: point you're gonna hit this financial independence miracle number and 698 00:32:21,520 --> 00:32:23,800 Speaker 1: that's when you're gonna flip the switch and you're gonna 699 00:32:23,840 --> 00:32:26,960 Speaker 1: rejuvenate those relationships and go on vacation and pick up 700 00:32:26,960 --> 00:32:28,920 Speaker 1: those hobbies just you know, all the fun stuff. Well, 701 00:32:28,960 --> 00:32:31,560 Speaker 1: you know what, life doesn't necessarily work that way and 702 00:32:31,680 --> 00:32:34,400 Speaker 1: people don't work that way, and so finding ways to 703 00:32:34,440 --> 00:32:37,520 Speaker 1: incorporate what it is that you're striving after into your 704 00:32:37,560 --> 00:32:41,440 Speaker 1: life now, I think is crazy important. And for me personally, man, 705 00:32:41,560 --> 00:32:43,520 Speaker 1: I'm almost a little wary of sort of sharing this 706 00:32:43,920 --> 00:32:46,240 Speaker 1: because I feel like you might and maybe our listeners 707 00:32:46,320 --> 00:32:48,400 Speaker 1: might kind of hold me accountable. But after creating the 708 00:32:48,400 --> 00:32:50,560 Speaker 1: personal Mission Statement that we did a couple few weeks 709 00:32:50,600 --> 00:32:53,160 Speaker 1: ago with Scott, what I realized that was key to 710 00:32:53,240 --> 00:32:54,920 Speaker 1: so much of what I was seeking after when it 711 00:32:54,920 --> 00:32:57,800 Speaker 1: comes to financial independence is time with my family, time 712 00:32:57,840 --> 00:33:00,840 Speaker 1: with my kids. And when I'm realizing is that that's 713 00:33:00,840 --> 00:33:03,360 Speaker 1: something I can do now, and that's not something I 714 00:33:03,360 --> 00:33:05,240 Speaker 1: can put off until later. And that's that's one of 715 00:33:05,240 --> 00:33:07,560 Speaker 1: the beasts I had. I guess with the view of 716 00:33:07,680 --> 00:33:10,320 Speaker 1: time is more cyclical, is that that's not something that 717 00:33:10,360 --> 00:33:12,400 Speaker 1: comes back around again. There isn't gonna be that season 718 00:33:12,400 --> 00:33:14,600 Speaker 1: again where my kids are this age, where they're this young, 719 00:33:14,640 --> 00:33:17,320 Speaker 1: and where they are this impressionable. And so for me, 720 00:33:17,360 --> 00:33:19,240 Speaker 1: man I I'm trying to challenge myself this year to 721 00:33:19,440 --> 00:33:21,960 Speaker 1: kick off work like a little bit early every day 722 00:33:22,000 --> 00:33:24,480 Speaker 1: where after we're being the girls home from school. Maybe 723 00:33:24,480 --> 00:33:26,400 Speaker 1: I don't necessarily get back on the computer and go 724 00:33:26,480 --> 00:33:28,640 Speaker 1: back to emails or go back to editing, or go 725 00:33:28,680 --> 00:33:31,120 Speaker 1: back to working on the podcast, but I spend that 726 00:33:31,160 --> 00:33:34,080 Speaker 1: time growing our relationship and doing fun stuff and doing 727 00:33:34,120 --> 00:33:36,719 Speaker 1: the things that they're going to remember, because those are 728 00:33:36,760 --> 00:33:38,800 Speaker 1: the things that I want to do when I retire, 729 00:33:39,120 --> 00:33:42,400 Speaker 1: when I am financially independent, those are the things that 730 00:33:42,480 --> 00:33:44,440 Speaker 1: are going to be important to me. But if I 731 00:33:44,480 --> 00:33:46,680 Speaker 1: don't do any of that now, how am I even 732 00:33:46,720 --> 00:33:48,720 Speaker 1: going to know how to do that later? I feel 733 00:33:48,720 --> 00:33:51,000 Speaker 1: like that can be so countercultural to our sort of 734 00:33:51,040 --> 00:33:54,760 Speaker 1: societal work ethic, where, oh, how dare you find ways 735 00:33:54,760 --> 00:33:57,040 Speaker 1: to be less productive for your company. But at the 736 00:33:57,080 --> 00:33:59,600 Speaker 1: same time, when you've realized what it is that matters 737 00:33:59,640 --> 00:34:03,800 Speaker 1: to you most, right, relationships with friends and family, those 738 00:34:03,800 --> 00:34:06,000 Speaker 1: are things that you've got to do now. Yeah, I 739 00:34:06,040 --> 00:34:08,480 Speaker 1: think we can talk ourselves into putting those kind of 740 00:34:08,480 --> 00:34:11,080 Speaker 1: things off and those decisions to to work less and 741 00:34:11,120 --> 00:34:15,400 Speaker 1: to prioritize other things more, whether it's people, hobbies, community. 742 00:34:15,440 --> 00:34:17,960 Speaker 1: It's really easy just to say I'm gonna get to that. 743 00:34:18,320 --> 00:34:20,799 Speaker 1: I promise that's really important and and at some point 744 00:34:20,800 --> 00:34:23,239 Speaker 1: I'll dedicate the time to it. But really, if your 745 00:34:23,560 --> 00:34:26,239 Speaker 1: time spent doesn't match the values that you say you have, 746 00:34:26,680 --> 00:34:29,680 Speaker 1: I think hopefully this concept of time not equaling money 747 00:34:29,960 --> 00:34:32,000 Speaker 1: can be kind of that spur for you to think 748 00:34:32,120 --> 00:34:34,839 Speaker 1: a little bit more right about how am I prioritizing 749 00:34:34,920 --> 00:34:38,400 Speaker 1: my time now, and how am I prioritizing my investing 750 00:34:38,640 --> 00:34:41,640 Speaker 1: so I can get even closer to achieving that ability 751 00:34:41,760 --> 00:34:44,359 Speaker 1: for my money to work for me, so that I'm 752 00:34:44,360 --> 00:34:48,680 Speaker 1: not necessarily trading my time every day for money, because 753 00:34:48,840 --> 00:34:51,080 Speaker 1: that's a necessity. Right. Yeah, he said that, he said, 754 00:34:51,120 --> 00:34:53,400 Speaker 1: get your money making money, And that's such a freaking 755 00:34:53,400 --> 00:34:56,200 Speaker 1: good quote that I love it. Like you said, if 756 00:34:56,200 --> 00:34:58,640 Speaker 1: you're not spending your time making money. You have to 757 00:34:58,680 --> 00:35:00,479 Speaker 1: decide what are you going to spend your I'm doing 758 00:35:00,880 --> 00:35:04,040 Speaker 1: and to me, like that's the driving force, right if 759 00:35:04,080 --> 00:35:06,440 Speaker 1: you know at some point you might be financially independent, 760 00:35:06,560 --> 00:35:08,360 Speaker 1: You've got to decide what it is that you're going 761 00:35:08,400 --> 00:35:10,400 Speaker 1: to spend your time doing. And those are the things 762 00:35:10,480 --> 00:35:12,640 Speaker 1: you need to start incorporating into your life now. And 763 00:35:12,680 --> 00:35:15,040 Speaker 1: that's what fuels you. It feels me and it answers 764 00:35:15,280 --> 00:35:18,120 Speaker 1: one of the big wise behind why I work. Are 765 00:35:18,200 --> 00:35:20,880 Speaker 1: Matt speaking of what fuels you? You know, it feels 766 00:35:20,880 --> 00:35:24,120 Speaker 1: me beer beer, that's right. So the beer we drank 767 00:35:24,280 --> 00:35:28,240 Speaker 1: while we're doing the show today was Creature Comforts Tritonia Goza. 768 00:35:28,560 --> 00:35:31,400 Speaker 1: It's a nice little German style tart wheat beer that 769 00:35:31,560 --> 00:35:35,399 Speaker 1: features pineapple and lemon. It was so good. Many in general, 770 00:35:35,520 --> 00:35:37,640 Speaker 1: goes as are typically referred to as sort of briany, 771 00:35:37,760 --> 00:35:39,359 Speaker 1: right like that they always sort of had this like 772 00:35:39,440 --> 00:35:42,480 Speaker 1: salty nature to them. Yeah, completely, and this one was 773 00:35:42,560 --> 00:35:46,160 Speaker 1: a fantastic representation. We love pretty much everything that Creature 774 00:35:46,160 --> 00:35:49,520 Speaker 1: Comforts does there Athens, Georgia, where I was recently, so 775 00:35:49,640 --> 00:35:51,640 Speaker 1: Matt though a word I used to describe this beer 776 00:35:51,840 --> 00:35:55,000 Speaker 1: was fresh, and I gotta be honest, fresh this this 777 00:35:55,040 --> 00:35:58,160 Speaker 1: beer tasted super fresh, like I just popped it. All 778 00:35:58,200 --> 00:36:02,120 Speaker 1: the flavors came out on poll and really everything combined 779 00:36:02,120 --> 00:36:04,759 Speaker 1: almost tasted like a lemon meringue pie in a beer can. 780 00:36:05,320 --> 00:36:07,839 Speaker 1: It was so delicious. I'm a huge fan of this one, 781 00:36:08,160 --> 00:36:09,560 Speaker 1: and this is a beer I definitely want to be 782 00:36:09,600 --> 00:36:12,120 Speaker 1: drinking when the summer rolls around. Well, speaking of summer, man, 783 00:36:12,200 --> 00:36:15,239 Speaker 1: I said flavor ice. And I don't know if you know, 784 00:36:15,360 --> 00:36:18,520 Speaker 1: but when do you eat flavor ice in the summer? 785 00:36:19,960 --> 00:36:22,160 Speaker 1: And so I said, flavor it's not because it's syrupy 786 00:36:22,200 --> 00:36:24,560 Speaker 1: and too sweet, right, because it's got the lemon going 787 00:36:24,600 --> 00:36:26,960 Speaker 1: on and it cuts that, which is why it keeps 788 00:36:26,960 --> 00:36:29,480 Speaker 1: it fresh. But it just reminds me of summer. It's 789 00:36:29,480 --> 00:36:32,040 Speaker 1: this light, bright beer. But if I had like a 790 00:36:32,040 --> 00:36:34,759 Speaker 1: pineapple flavor ice that wasn't too sweet with a little 791 00:36:34,800 --> 00:36:37,000 Speaker 1: bit of lemon to cut it, that's man, That's that's 792 00:36:37,000 --> 00:36:38,759 Speaker 1: what I'm enjoying. On the front porch. You're sitting next 793 00:36:38,760 --> 00:36:40,759 Speaker 1: to me drinking that beer. Our kids are out playing 794 00:36:40,760 --> 00:36:42,880 Speaker 1: in the yard. I'm painting the picture for you. You're 795 00:36:42,880 --> 00:36:44,399 Speaker 1: seeing it. I'm just saying it's I just want to say, 796 00:36:44,400 --> 00:36:46,760 Speaker 1: it's a good thing you're not getting paid to professionally 797 00:36:46,760 --> 00:36:49,680 Speaker 1: review beers because I love hearing them. But they're also 798 00:36:49,800 --> 00:36:51,839 Speaker 1: just a little weird too at the same time, which 799 00:36:52,000 --> 00:36:53,720 Speaker 1: I don't know, kind of makes it fun. I guess 800 00:36:53,960 --> 00:36:56,680 Speaker 1: I better make it fun. Well. I mentioned all that 801 00:36:56,719 --> 00:36:58,640 Speaker 1: to say that I freaking love this beer. I agree, man, 802 00:36:58,680 --> 00:37:01,280 Speaker 1: it's delicious, and I'm totally gonna be drinking this this summer, 803 00:37:01,440 --> 00:37:04,000 Speaker 1: assuming that they roll it out this summer. Figures crossed 804 00:37:04,040 --> 00:37:05,919 Speaker 1: on that one, that's for sure, all right, Matt, Let's 805 00:37:05,920 --> 00:37:09,200 Speaker 1: get to our final thoughts on this episode with money 806 00:37:09,200 --> 00:37:12,640 Speaker 1: pro Grants Aboutier. I love the topic Time is not money. 807 00:37:12,960 --> 00:37:14,680 Speaker 1: That's such a great way to think about things. And 808 00:37:14,680 --> 00:37:16,839 Speaker 1: I feel like my favorite takeaway from this is that 809 00:37:17,160 --> 00:37:19,400 Speaker 1: in trying to stay busy, I feel like we're actually 810 00:37:19,440 --> 00:37:22,880 Speaker 1: inherently missing out on life. Life happens in the margins, 811 00:37:22,920 --> 00:37:25,400 Speaker 1: and the more that we cram our schedules full and 812 00:37:25,440 --> 00:37:28,160 Speaker 1: think that our time actually is better spent or most 813 00:37:28,200 --> 00:37:31,000 Speaker 1: equal to making a dollar, that is going to ensure 814 00:37:31,040 --> 00:37:33,800 Speaker 1: that we miss out on the really true, meaningful moments 815 00:37:33,800 --> 00:37:36,960 Speaker 1: in our lives. That's right, man, Time does not equal money. 816 00:37:37,160 --> 00:37:39,640 Speaker 1: So often we are you just used to punching the clock, 817 00:37:39,960 --> 00:37:43,040 Speaker 1: working and getting paid. But there are ways to disrupt 818 00:37:43,040 --> 00:37:46,120 Speaker 1: that linear model, that exchange of you showing up and 819 00:37:46,160 --> 00:37:48,239 Speaker 1: then you getting paid. And you can do that by 820 00:37:48,320 --> 00:37:53,120 Speaker 1: investing and with business entrepreneurship finding ways to make your 821 00:37:53,160 --> 00:37:56,319 Speaker 1: money make money. Ultimately, that is the way for you 822 00:37:56,400 --> 00:37:58,279 Speaker 1: to disrupt that model and to actually be able to 823 00:37:58,360 --> 00:38:01,720 Speaker 1: achieve financial independence. Yeah, Matt, So that begs the question. 824 00:38:01,760 --> 00:38:03,520 Speaker 1: Then if you do get to that point, what what 825 00:38:03,560 --> 00:38:06,000 Speaker 1: are you gonna spend your time doing? Joel good question. 826 00:38:06,040 --> 00:38:08,239 Speaker 1: Man Grant's got this awesome line in his book, and 827 00:38:08,239 --> 00:38:10,480 Speaker 1: I'm gonna read it for us real quick, and he says, quote, 828 00:38:11,040 --> 00:38:14,000 Speaker 1: when you spend almost your entire life working for a paycheck, 829 00:38:14,160 --> 00:38:17,319 Speaker 1: what happens when you break that routine? What happens when 830 00:38:17,320 --> 00:38:19,920 Speaker 1: your identity is so wrapped up in your title and 831 00:38:20,000 --> 00:38:23,680 Speaker 1: job responsibilities? What happens when you're now too tired to 832 00:38:23,719 --> 00:38:26,759 Speaker 1: pursue your dreams or maybe it's been so long that 833 00:38:26,880 --> 00:38:29,799 Speaker 1: you lost your dreams along the way. Those are some 834 00:38:29,840 --> 00:38:32,799 Speaker 1: awesome questions, and those are questions that you have to 835 00:38:32,880 --> 00:38:36,040 Speaker 1: answer yourself as a listener. I'd point you back to 836 00:38:36,120 --> 00:38:38,560 Speaker 1: the episode we did a few weeks ago on creating 837 00:38:38,560 --> 00:38:41,920 Speaker 1: your personal Mission statement with Scott Rickens. That for us, man, 838 00:38:41,960 --> 00:38:44,839 Speaker 1: that was incredibly impactful and helped us to sort of 839 00:38:45,000 --> 00:38:48,200 Speaker 1: see that what we're striving towards isn't the work itself 840 00:38:48,239 --> 00:38:50,680 Speaker 1: and isn't money itself, but there's something beyond that. What 841 00:38:50,840 --> 00:38:52,520 Speaker 1: is the why behind your money? What is the why 842 00:38:52,560 --> 00:38:55,640 Speaker 1: behind your work? And that's the question that grants asking here, 843 00:38:55,640 --> 00:38:58,120 Speaker 1: and that's the question for all of us. Yeah, Matt, 844 00:38:58,160 --> 00:38:59,960 Speaker 1: that's good food for thought. And I feel like any 845 00:39:00,040 --> 00:39:02,040 Speaker 1: time that you hear the phrase from now on that 846 00:39:02,120 --> 00:39:06,319 Speaker 1: time equals money, you will instinctively recognize that that's just 847 00:39:06,440 --> 00:39:09,080 Speaker 1: not true, that your time is just way the heck 848 00:39:09,080 --> 00:39:12,680 Speaker 1: more valuable. All Right, Joel, that's gonna be it for today. Everyone. 849 00:39:12,719 --> 00:39:15,239 Speaker 1: Thank you so much for listening to this episode. We'll 850 00:39:15,280 --> 00:39:17,480 Speaker 1: have our show notes up on the website, including the 851 00:39:17,520 --> 00:39:21,759 Speaker 1: link to that Natty Light student loan repayment contest. You 852 00:39:21,800 --> 00:39:24,920 Speaker 1: can find our slite at how some money dot com. Yeah, 853 00:39:24,960 --> 00:39:27,040 Speaker 1: and if you found this show helpful, we love it. 854 00:39:27,080 --> 00:39:29,480 Speaker 1: If you would consider telling a friend about it. We've 855 00:39:29,480 --> 00:39:32,120 Speaker 1: heard from many of our listeners that have started money 856 00:39:32,120 --> 00:39:35,360 Speaker 1: conversations based on this show. That's super exciting for us 857 00:39:35,400 --> 00:39:37,920 Speaker 1: to hear and we would love to see that trend continue. 858 00:39:38,160 --> 00:39:40,840 Speaker 1: So it's always thanks for listening. We're so glad you're 859 00:39:40,920 --> 00:39:43,520 Speaker 1: a part of this show, so Joel. Until next time, 860 00:39:44,040 --> 00:39:45,680 Speaker 1: best Friends Out, Best Friends Out,