1 00:00:00,080 --> 00:00:02,960 Speaker 1: Welcome to How the Money. I'm Joel and I am Matt. 2 00:00:03,120 --> 00:00:07,440 Speaker 1: Today we're discussing stock market slumps, financial infidelity, and four 3 00:00:07,520 --> 00:00:29,120 Speaker 1: day work weeks. That's right, buddy, this is our Friday flights. 4 00:00:29,240 --> 00:00:31,120 Speaker 1: I think most folks here know that we're going to 5 00:00:31,200 --> 00:00:34,120 Speaker 1: cover a bunch of stories that we found interesting and 6 00:00:34,159 --> 00:00:36,760 Speaker 1: we are specifically going to talk about how those stories 7 00:00:36,800 --> 00:00:41,160 Speaker 1: impact our finances, our personal finances. And we're definitely gonna 8 00:00:41,159 --> 00:00:43,520 Speaker 1: get to uh, talking about the stock market, because that's 9 00:00:43,560 --> 00:00:46,120 Speaker 1: been on everybody's radar this week. But before we get 10 00:00:46,159 --> 00:00:49,160 Speaker 1: to that, ever, Yeah, I wanted to mention we're gonna 11 00:00:49,200 --> 00:00:51,959 Speaker 1: do a giveaway. You might remember that earlier this month. 12 00:00:52,120 --> 00:00:54,400 Speaker 1: Kamiko Love she joined us here on the show. She's 13 00:00:54,480 --> 00:00:57,720 Speaker 1: the budget mum and her new book, My Money, My 14 00:00:57,880 --> 00:01:00,640 Speaker 1: Way that we discussed during that in view. It actually 15 00:01:00,640 --> 00:01:03,160 Speaker 1: comes out here in a few days, and so we 16 00:01:03,240 --> 00:01:05,800 Speaker 1: are doing a book giveaway where five listeners are going 17 00:01:05,840 --> 00:01:08,319 Speaker 1: to get a free copy of that book. To enter 18 00:01:08,360 --> 00:01:11,240 Speaker 1: this giveaway, just head over to Apple Podcasts or wherever 19 00:01:11,240 --> 00:01:14,000 Speaker 1: you listen, leave us a solid review there, and then 20 00:01:14,000 --> 00:01:16,640 Speaker 1: just email us at how to Money pod at gmail 21 00:01:16,680 --> 00:01:20,800 Speaker 1: dot com. Do that before next Wednesday. Wednesday, February second, 22 00:01:21,040 --> 00:01:24,760 Speaker 1: by midnight, and you will be entered into that book giveaway. 23 00:01:25,000 --> 00:01:28,080 Speaker 1: And remember this can be an old review, so basically 24 00:01:28,120 --> 00:01:31,800 Speaker 1: you can just resubmit that email. Uh there's a lot 25 00:01:31,800 --> 00:01:33,440 Speaker 1: of folks who do that where they just pull up 26 00:01:33,440 --> 00:01:36,400 Speaker 1: that thread where they've emailed emailed us before about a 27 00:01:36,440 --> 00:01:39,319 Speaker 1: book giveaway and they're just like entering the giveaway again. 28 00:01:39,640 --> 00:01:42,040 Speaker 1: That's all we are asking of you, and so do that. 29 00:01:42,160 --> 00:01:45,520 Speaker 1: We'll announce our winners on our next Friday Flight episode 30 00:01:45,840 --> 00:01:47,880 Speaker 1: next week. A lot of folks listen on Spotify, and 31 00:01:47,920 --> 00:01:51,800 Speaker 1: Spotify just opened up the ability recently to rate a podcast, 32 00:01:51,800 --> 00:01:53,720 Speaker 1: and so that comes too. If you write us on Spotify, 33 00:01:54,000 --> 00:01:57,560 Speaker 1: we will take that as an entry into this contest. 34 00:01:57,800 --> 00:02:00,680 Speaker 1: So easy, good luck, because Comico rock and we're glad 35 00:02:00,720 --> 00:02:02,440 Speaker 1: to be able to give away some of her books. 36 00:02:02,880 --> 00:02:05,920 Speaker 1: But Matt onto the subject at hand. Let's get to 37 00:02:06,000 --> 00:02:07,960 Speaker 1: the Friday Flight and let's talk about do it the 38 00:02:07,960 --> 00:02:12,079 Speaker 1: stories we found interesting, how they apply to our personal finances. 39 00:02:12,080 --> 00:02:15,440 Speaker 1: And let's start by talking about the stock market. It's 40 00:02:15,960 --> 00:02:17,760 Speaker 1: like top of mind, it's like the news of the week, 41 00:02:18,120 --> 00:02:20,640 Speaker 1: and it's the stock market has been on a wild 42 00:02:20,800 --> 00:02:25,160 Speaker 1: ride this week. In particular, but even more wild ride. 43 00:02:25,280 --> 00:02:27,800 Speaker 1: As we are recording this episode, we were just looking 44 00:02:27,840 --> 00:02:29,600 Speaker 1: at it. It's all over the place, exactly, It's all 45 00:02:29,639 --> 00:02:32,239 Speaker 1: over the map. On Monday, the SMP five hundred was 46 00:02:32,320 --> 00:02:34,799 Speaker 1: down four percent, but then it rallied up to close 47 00:02:35,080 --> 00:02:37,840 Speaker 1: up on the day, which was surprising. Tuesday saw something 48 00:02:37,919 --> 00:02:40,280 Speaker 1: very similar. Wednesday was kind of the opposite. It was 49 00:02:40,400 --> 00:02:43,200 Speaker 1: up and then down, and so it's like, we don't 50 00:02:43,200 --> 00:02:46,040 Speaker 1: want to recap the week's events like a CNBC talking 51 00:02:46,080 --> 00:02:50,160 Speaker 1: head because that's not how we roll. Trying to pinpoint 52 00:02:50,200 --> 00:02:53,160 Speaker 1: the cause for the volatility and you know, pinning it 53 00:02:53,200 --> 00:02:56,240 Speaker 1: on the FED decision or inflation or the new numbers 54 00:02:56,280 --> 00:02:59,799 Speaker 1: that came out from wherever, wherever they are. It is 55 00:02:59,840 --> 00:03:01,760 Speaker 1: all of the above, Yes, yeah, exactly. There are a 56 00:03:01,760 --> 00:03:03,560 Speaker 1: lot of things impacting kind of what's happening in the 57 00:03:03,560 --> 00:03:06,680 Speaker 1: stock market, but uh, we did want to mention this 58 00:03:06,760 --> 00:03:09,000 Speaker 1: because how do money listeners like, if you're kind of 59 00:03:09,200 --> 00:03:11,720 Speaker 1: paying attention to financial news, You're gonna see tweets, you're 60 00:03:11,760 --> 00:03:14,520 Speaker 1: gonna see headlines, and you're gonna say, what does this 61 00:03:14,560 --> 00:03:17,839 Speaker 1: mean for me? How should I be reacting? We want 62 00:03:17,880 --> 00:03:21,840 Speaker 1: you to remember the gyrations in the market, even crazy 63 00:03:21,880 --> 00:03:23,840 Speaker 1: weeks or even a crazy month like we've had in 64 00:03:23,880 --> 00:03:27,639 Speaker 1: the stock market so far. Um. They these short term 65 00:03:27,720 --> 00:03:31,560 Speaker 1: moves don't impact you in any meaningful way. If you're 66 00:03:31,600 --> 00:03:34,600 Speaker 1: investing for the long term, that's right. We are asking 67 00:03:34,600 --> 00:03:37,840 Speaker 1: you to step back away from the ledge. Uh. So 68 00:03:37,880 --> 00:03:44,720 Speaker 1: what can you sing it like jumper? You're so What 69 00:03:44,800 --> 00:03:47,840 Speaker 1: this means to almost everyone is that no changes are 70 00:03:47,880 --> 00:03:50,360 Speaker 1: needed when it comes to how you are investing. We 71 00:03:50,360 --> 00:03:52,600 Speaker 1: want you to stay the course, stick to your plan. 72 00:03:53,080 --> 00:03:55,560 Speaker 1: On this note, crypto like it's been on more of 73 00:03:55,600 --> 00:03:59,080 Speaker 1: an extended wild ride. The value of bitcoin, it's been 74 00:03:59,080 --> 00:04:01,720 Speaker 1: cut in half since November of last year. Uh. And 75 00:04:01,720 --> 00:04:04,080 Speaker 1: there's been a lot of volatility in that space lately 76 00:04:04,120 --> 00:04:06,920 Speaker 1: as well. Uh. If you zoom out the rise in 77 00:04:07,000 --> 00:04:09,920 Speaker 1: the price of bitcoin, it's still has been incredible. Right. 78 00:04:10,280 --> 00:04:13,600 Speaker 1: But this is why you keep your crypto allocation in check, 79 00:04:13,760 --> 00:04:16,560 Speaker 1: because if you have too high of a percentage of 80 00:04:16,600 --> 00:04:20,320 Speaker 1: your investments in the cryptocurrency space, you're probably getting pretty 81 00:04:20,320 --> 00:04:23,000 Speaker 1: nervous right now. And so if you're a little skittish, 82 00:04:23,120 --> 00:04:26,320 Speaker 1: perhaps that means that you probably should be trimming your 83 00:04:26,320 --> 00:04:28,960 Speaker 1: exposure to crypto. Uh. This is gonna help you to 84 00:04:29,200 --> 00:04:32,360 Speaker 1: not only diversify your portfolio, it will also allow you 85 00:04:32,440 --> 00:04:35,400 Speaker 1: to possibly sleep a little better at night. I know 86 00:04:35,600 --> 00:04:39,160 Speaker 1: that it might be difficult to think that, oh yeah, 87 00:04:39,200 --> 00:04:42,520 Speaker 1: you know, a portfolio reallocation right now, it doesn't necessarily 88 00:04:42,560 --> 00:04:45,599 Speaker 1: seem like something you want to do. And to be honest, 89 00:04:45,680 --> 00:04:47,560 Speaker 1: we're not asking you to time the market right now. 90 00:04:47,640 --> 00:04:49,320 Speaker 1: What we're trying to ask you to do is to 91 00:04:49,360 --> 00:04:51,640 Speaker 1: completely ignore what the market is doing and for you 92 00:04:51,720 --> 00:04:54,440 Speaker 1: to get back on track with whatever you're investing plan. 93 00:04:54,600 --> 00:04:57,880 Speaker 1: Is it just happens to be that right now? It's uh, 94 00:04:57,920 --> 00:05:00,280 Speaker 1: it's pretty volatile right now, and so at think that's 95 00:05:00,279 --> 00:05:02,760 Speaker 1: gonna make it even more difficult. But a lot of 96 00:05:02,760 --> 00:05:05,000 Speaker 1: times we don't know how we're going to respond to 97 00:05:05,120 --> 00:05:08,159 Speaker 1: our portfolio taking a dip until we are faced with 98 00:05:08,200 --> 00:05:10,479 Speaker 1: some of these three situations. Yeah. Yeah, It's been said 99 00:05:10,720 --> 00:05:13,560 Speaker 1: that the best investment strategy is the one that you 100 00:05:13,560 --> 00:05:16,120 Speaker 1: can live with, is the one that allows you to 101 00:05:16,200 --> 00:05:18,200 Speaker 1: sleep at night and not worry. And so if you 102 00:05:18,240 --> 00:05:22,039 Speaker 1: find yourself worrying as we're experiencing a ten twelve percent 103 00:05:22,120 --> 00:05:25,240 Speaker 1: drop in the SMP, or if you're finding yourself worrying 104 00:05:25,360 --> 00:05:28,960 Speaker 1: experiencing a fifty percent drop in the price of bitcoin 105 00:05:29,200 --> 00:05:31,360 Speaker 1: or ether or whatever coins you're holding, you need to 106 00:05:31,440 --> 00:05:34,960 Speaker 1: change your strategy, because your strategy needs to allow you 107 00:05:35,080 --> 00:05:38,200 Speaker 1: to stay the course even when things are going Hey, 108 00:05:38,200 --> 00:05:41,400 Speaker 1: Whire and Matt. While we're talking about investing, let's give 109 00:05:41,440 --> 00:05:44,760 Speaker 1: an update on socially responsible investing. Yea, The Wall Street 110 00:05:44,800 --> 00:05:47,080 Speaker 1: Journal has kind of done like an interesting series on 111 00:05:47,120 --> 00:05:50,880 Speaker 1: it this week, and writer James McIntosh he basically said 112 00:05:51,120 --> 00:05:53,279 Speaker 1: in one of those articles that it's a complete waste 113 00:05:53,320 --> 00:05:58,039 Speaker 1: of time, and so, yeah, mostly a waste of time, yes, yeah, 114 00:05:58,120 --> 00:06:00,320 Speaker 1: And so those are fighting words I woul say for 115 00:06:00,320 --> 00:06:03,760 Speaker 1: anyone who's a proponent of investing their money in specific 116 00:06:03,800 --> 00:06:08,000 Speaker 1: sectors or specific companies that align with their values. But 117 00:06:08,160 --> 00:06:09,680 Speaker 1: you and I we kind of we kind of tend 118 00:06:09,720 --> 00:06:12,080 Speaker 1: to agree with him, and we've never had great things 119 00:06:12,120 --> 00:06:15,240 Speaker 1: to say about E s G investing our our favorite thing. Yeah, 120 00:06:15,360 --> 00:06:18,840 Speaker 1: So E s G socially responsible, those terms kind of 121 00:06:18,839 --> 00:06:21,640 Speaker 1: get lumped together. E E s G stands for environmental 122 00:06:21,760 --> 00:06:24,800 Speaker 1: social governance and so basically the idea is is that 123 00:06:24,839 --> 00:06:28,080 Speaker 1: you're investing in companies that do a great job in 124 00:06:28,120 --> 00:06:30,520 Speaker 1: all three of those areas. And so it's not that 125 00:06:30,560 --> 00:06:33,039 Speaker 1: we're against companies doing good things. And I think sometimes 126 00:06:33,200 --> 00:06:35,479 Speaker 1: when people here, when you invest in E. S G 127 00:06:35,480 --> 00:06:37,680 Speaker 1: G funds, do you not want to live in a 128 00:06:37,680 --> 00:06:40,000 Speaker 1: world that's less polluted? Right? Yeah, do you love global 129 00:06:40,000 --> 00:06:43,080 Speaker 1: warming or something like? No, it's it's it's quite the opposite. 130 00:06:43,120 --> 00:06:45,920 Speaker 1: In fact, it's it's just that these funds come with 131 00:06:46,000 --> 00:06:49,200 Speaker 1: higher fees, and there's no clear standard by which companies 132 00:06:49,240 --> 00:06:53,200 Speaker 1: are considered to be socially conscious, right, so one person's 133 00:06:53,240 --> 00:06:56,960 Speaker 1: gold standard might make another person's naughty list. And so 134 00:06:57,040 --> 00:07:00,680 Speaker 1: we would say invest in socially responsible or SG funds 135 00:07:00,839 --> 00:07:03,320 Speaker 1: if you'd like to, but do your due diligence to 136 00:07:03,360 --> 00:07:06,000 Speaker 1: make sure that your money is flowing where you wanted 137 00:07:06,080 --> 00:07:08,280 Speaker 1: to be going, that you're not just taking the fund 138 00:07:08,360 --> 00:07:11,400 Speaker 1: name as gospel truth, patting yourself on the back, feeling 139 00:07:11,440 --> 00:07:15,520 Speaker 1: better because you did the socially responsible thing. And so yeah, 140 00:07:15,560 --> 00:07:19,040 Speaker 1: really realize also that you're likely to generate potentially less 141 00:07:19,040 --> 00:07:21,480 Speaker 1: returns if you go that route as well, in large 142 00:07:21,480 --> 00:07:24,520 Speaker 1: part because of the higher fees that come alongside these funds. 143 00:07:24,720 --> 00:07:26,200 Speaker 1: That's right. One of the other interesting things that he 144 00:07:26,280 --> 00:07:28,400 Speaker 1: mentioned too, is that a lot of these funds may 145 00:07:28,440 --> 00:07:30,520 Speaker 1: not actually have the impact that people think they do 146 00:07:30,600 --> 00:07:33,080 Speaker 1: not because the dollars aren't going towards the companies that 147 00:07:33,120 --> 00:07:35,880 Speaker 1: they would like them to go towards. But basically that 148 00:07:36,000 --> 00:07:38,840 Speaker 1: if you're E S G fund doesn't say, you know, 149 00:07:38,920 --> 00:07:40,840 Speaker 1: invest in a company that might be considered a quote 150 00:07:40,880 --> 00:07:43,640 Speaker 1: unquote dirty company, Well, that doesn't mean that somebody else 151 00:07:43,720 --> 00:07:46,760 Speaker 1: isn't going to, you know, buy shares in that company. Uh, 152 00:07:46,840 --> 00:07:49,080 Speaker 1: there will be an index fund that does include that company, 153 00:07:49,120 --> 00:07:51,480 Speaker 1: or there will be individual investors who decide to invest 154 00:07:51,520 --> 00:07:53,600 Speaker 1: solely in that company. And so in this way, it 155 00:07:53,640 --> 00:07:58,160 Speaker 1: is difficult to make lasting changes in positive impacts without 156 00:07:58,520 --> 00:08:01,239 Speaker 1: you know, somehow snapping your thing. You're change magically changing 157 00:08:01,280 --> 00:08:03,200 Speaker 1: the mind of everybody at the same time. That's what's 158 00:08:03,200 --> 00:08:05,080 Speaker 1: so difficult. And that's not to say that the actions 159 00:08:05,080 --> 00:08:08,200 Speaker 1: that we take as everyday consumers and in our lives 160 00:08:08,240 --> 00:08:10,320 Speaker 1: to make choices that are good for the environment, are 161 00:08:10,320 --> 00:08:13,360 Speaker 1: good for our communities are not impactful, because I think 162 00:08:13,400 --> 00:08:15,920 Speaker 1: those are. I think the small choices that we make, 163 00:08:16,160 --> 00:08:18,720 Speaker 1: whether it's to drive fewer cars, whether it's to eat 164 00:08:18,760 --> 00:08:21,240 Speaker 1: less meat, right, those are those are things which I 165 00:08:21,280 --> 00:08:23,840 Speaker 1: don't eat less meat. I probably should, but those are 166 00:08:23,840 --> 00:08:25,760 Speaker 1: the kind of things that I think, um, you can 167 00:08:25,840 --> 00:08:27,840 Speaker 1: make a choice with your dollars, with how you spend them, 168 00:08:28,000 --> 00:08:30,240 Speaker 1: with how you invest them. I think the impact is 169 00:08:30,240 --> 00:08:32,800 Speaker 1: is minimal to nonexistent. That's right, That is what Mr 170 00:08:32,880 --> 00:08:36,040 Speaker 1: McIntosh was arguing. There. Let's shift gears for a second. 171 00:08:36,280 --> 00:08:39,960 Speaker 1: Something that everybody loves three day weekends. Yea, uh, and 172 00:08:40,040 --> 00:08:41,680 Speaker 1: so a question though, what like what if you could 173 00:08:41,720 --> 00:08:44,439 Speaker 1: always have a three day weekend? That sounds that sounds nice. 174 00:08:44,520 --> 00:08:46,520 Speaker 1: There are a lot of companies now, or a few 175 00:08:46,520 --> 00:08:49,000 Speaker 1: at least, who are starting to offer a four day 176 00:08:49,000 --> 00:08:51,000 Speaker 1: work week. The number of companies who are doing this 177 00:08:51,080 --> 00:08:53,360 Speaker 1: is on the rise. Uh. And at the same time, 178 00:08:53,360 --> 00:08:55,600 Speaker 1: I don't want to oversell what's happening, because you know, 179 00:08:55,760 --> 00:08:58,040 Speaker 1: just because a few companies are doing this, I wouldn't 180 00:08:58,080 --> 00:09:01,680 Speaker 1: expect your employer there maybe to transition to fewer work 181 00:09:01,720 --> 00:09:04,360 Speaker 1: hours next week. But this trend does seem to have 182 00:09:04,400 --> 00:09:08,160 Speaker 1: some staying power. Kickstarter Panasonic, they are both companies that 183 00:09:08,200 --> 00:09:11,120 Speaker 1: are leading the way towards a shorter work week, and 184 00:09:11,120 --> 00:09:14,120 Speaker 1: a new study actually shows that most folks they prefer 185 00:09:14,160 --> 00:09:16,719 Speaker 1: a flexible work schedule, even over being able to work 186 00:09:16,760 --> 00:09:19,680 Speaker 1: from home. But here's the thing, you don't have to 187 00:09:19,720 --> 00:09:21,360 Speaker 1: go and work for one of these, you know, these 188 00:09:21,360 --> 00:09:24,240 Speaker 1: few companies who are making this pivot. You can petition 189 00:09:24,480 --> 00:09:28,040 Speaker 1: your company to make your hours a little bit more flexible. Uh, 190 00:09:28,040 --> 00:09:29,800 Speaker 1: you might even be able to ask for you know, 191 00:09:29,880 --> 00:09:32,680 Speaker 1: Friday's or another day if you prefer all fall together. 192 00:09:33,080 --> 00:09:35,360 Speaker 1: Bottom line, you never know what is possible if you 193 00:09:35,360 --> 00:09:37,319 Speaker 1: don't ask. And so we want to just to put 194 00:09:37,360 --> 00:09:39,040 Speaker 1: that on your radar. You might want to do a 195 00:09:39,080 --> 00:09:42,440 Speaker 1: little bit of research, maybe bringing some stats to that conversation, 196 00:09:42,760 --> 00:09:46,320 Speaker 1: but most companies that have made the switch have seen 197 00:09:46,400 --> 00:09:50,200 Speaker 1: greater levels of employee happiness and productivity. At the same time, 198 00:09:50,200 --> 00:09:51,720 Speaker 1: will make sure to link to some of those stories 199 00:09:51,720 --> 00:09:53,840 Speaker 1: and some of these studies. Uh, if you are trying 200 00:09:53,840 --> 00:09:55,920 Speaker 1: to make a case that your employees exactly know they're 201 00:09:55,920 --> 00:09:58,880 Speaker 1: they're a bunch. And actually one study we can link 202 00:09:58,920 --> 00:10:01,400 Speaker 1: to Matt in our show notes is what's been having 203 00:10:01,440 --> 00:10:03,880 Speaker 1: in Iceland. A lot of companies have been going that direction, 204 00:10:03,920 --> 00:10:05,960 Speaker 1: specifically in Iceland. I think it was kind of a 205 00:10:06,040 --> 00:10:11,079 Speaker 1: national effort to to push companies to thirty two hour weeks. 206 00:10:11,160 --> 00:10:14,280 Speaker 1: And you know, I don't necessarily think we need federal legislation, 207 00:10:14,320 --> 00:10:16,000 Speaker 1: kind of like the Iceland government and you know, the USA, 208 00:10:16,080 --> 00:10:19,520 Speaker 1: we kind of functioned differently than some of those European countries, 209 00:10:19,880 --> 00:10:22,880 Speaker 1: although I actually do think legislation was recently introduced that 210 00:10:22,880 --> 00:10:27,280 Speaker 1: would push us in this direction. But another consideration is 211 00:10:27,280 --> 00:10:29,560 Speaker 1: is not just where you work. But Matt, we've talked 212 00:10:29,559 --> 00:10:31,640 Speaker 1: about this. The pandemic has created a lot of people 213 00:10:31,920 --> 00:10:34,840 Speaker 1: starting their own business, a lot of solo preneurs. And 214 00:10:34,840 --> 00:10:36,520 Speaker 1: if you're one of those people, if you have started 215 00:10:36,520 --> 00:10:39,520 Speaker 1: your own your own business, well, just realized you don't 216 00:10:39,600 --> 00:10:41,439 Speaker 1: have to work five days a week and take two 217 00:10:41,440 --> 00:10:44,319 Speaker 1: weeks of vacation. That is kind of the stock American 218 00:10:44,320 --> 00:10:47,760 Speaker 1: way is to basically work fifty weeks out of the 219 00:10:47,840 --> 00:10:50,959 Speaker 1: year and to work five days a week. But now 220 00:10:51,000 --> 00:10:53,160 Speaker 1: you're in charge, and so you get to make the rules, 221 00:10:53,360 --> 00:10:55,439 Speaker 1: and you might say, you know what, my work week 222 00:10:55,520 --> 00:10:57,040 Speaker 1: is gonna be thirty two hours a week or thirty 223 00:10:57,040 --> 00:10:58,680 Speaker 1: five hours a week, and I'm gonna take four or 224 00:10:58,679 --> 00:11:01,280 Speaker 1: five weeks of vacation. That's the cool thing about working 225 00:11:01,280 --> 00:11:04,000 Speaker 1: for yourself, Matt, you and I we've instituted a four 226 00:11:04,000 --> 00:11:06,000 Speaker 1: and a half day work week here out of money, 227 00:11:06,040 --> 00:11:08,440 Speaker 1: half day Fridays, which is always nice. Like in the morning, 228 00:11:08,640 --> 00:11:10,240 Speaker 1: if I need to go get the oil changed or 229 00:11:10,360 --> 00:11:12,840 Speaker 1: company policies here, Yeah, run some errands whatever it is. 230 00:11:13,160 --> 00:11:15,280 Speaker 1: Friday is kind of the time where we're able to 231 00:11:15,320 --> 00:11:17,400 Speaker 1: take care of some of those tasks so that we 232 00:11:17,440 --> 00:11:19,440 Speaker 1: can still kind of keep our weekends a little more 233 00:11:19,480 --> 00:11:22,680 Speaker 1: free for family stuff. And I don't know, reading about 234 00:11:22,720 --> 00:11:25,440 Speaker 1: these trends, though, maybe it'll make us consider cutting back 235 00:11:25,480 --> 00:11:28,640 Speaker 1: even more. Hey, I'm for it taking Fridays off all together. 236 00:11:28,720 --> 00:11:30,600 Speaker 1: Well yeah, I mean, and I like the idea too, 237 00:11:30,720 --> 00:11:32,680 Speaker 1: Like I've I've talked to you before about my desire 238 00:11:32,720 --> 00:11:35,400 Speaker 1: to like do more like hands on home renovation work, 239 00:11:35,720 --> 00:11:37,679 Speaker 1: and so I recently actually brought that up to k. 240 00:11:37,800 --> 00:11:40,520 Speaker 1: I'm just like, hey, alright, like just think what would 241 00:11:40,520 --> 00:11:43,480 Speaker 1: it look like if we were doing a live and 242 00:11:43,520 --> 00:11:47,079 Speaker 1: flip And she probably shut that down. She's like, I 243 00:11:47,120 --> 00:11:50,480 Speaker 1: don't even want to talk about that sounds awful. Well, 244 00:11:51,080 --> 00:11:53,559 Speaker 1: there's this lot. Have you heard of Parkinson's law, Matt, Yeah, 245 00:11:53,640 --> 00:11:55,720 Speaker 1: that's like the fish bowl fish that fills the fish 246 00:11:55,720 --> 00:11:58,840 Speaker 1: bowl rule right right, Yes, exactly. It's it's states essentially 247 00:11:58,880 --> 00:12:02,000 Speaker 1: that work expands to feel the time available for its completion. 248 00:12:02,320 --> 00:12:05,880 Speaker 1: So there is something to it, like, uh, where the 249 00:12:05,960 --> 00:12:08,280 Speaker 1: tasks we have to do, we'll get it done quicker 250 00:12:08,400 --> 00:12:11,120 Speaker 1: if we have to. And so, yeah, meaningful productive work 251 00:12:11,240 --> 00:12:13,960 Speaker 1: is an important part of human existence. We fully believe that. 252 00:12:14,160 --> 00:12:17,000 Speaker 1: But it's also important to be well rounded, actively working 253 00:12:17,040 --> 00:12:20,120 Speaker 1: towards fewer but more impactful hours of work. I would 254 00:12:20,160 --> 00:12:22,079 Speaker 1: say that's a good goal for folks to be striving for. 255 00:12:22,360 --> 00:12:24,960 Speaker 1: And so whether you work ninety five for somebody else, 256 00:12:25,000 --> 00:12:26,959 Speaker 1: whether you are doing your own thing, it's not that 257 00:12:27,040 --> 00:12:29,480 Speaker 1: we want you to be lazy, but we we would 258 00:12:29,559 --> 00:12:31,959 Speaker 1: love for you to actually be at your desk for 259 00:12:32,040 --> 00:12:34,320 Speaker 1: fewer hours and have those hours that you're there be 260 00:12:34,400 --> 00:12:36,720 Speaker 1: more productive. Totally. Man. I liked as well how you 261 00:12:36,760 --> 00:12:38,959 Speaker 1: mentioned Iceland and specifically how it's kind of like it's 262 00:12:38,960 --> 00:12:42,000 Speaker 1: not the American way, because I do think that's the 263 00:12:42,040 --> 00:12:44,760 Speaker 1: countries who are mandating this right, who are making it law. 264 00:12:44,920 --> 00:12:46,760 Speaker 1: I don't like that as much as I like individual 265 00:12:46,800 --> 00:12:49,400 Speaker 1: companies being able to make the decision to say, all right, 266 00:12:49,440 --> 00:12:52,440 Speaker 1: this is something that our our employees they're wanting, Uh, 267 00:12:52,520 --> 00:12:55,240 Speaker 1: let's give it a shot, because like here in America, 268 00:12:55,440 --> 00:12:58,520 Speaker 1: just think about all the entrepreneurship, the ingenuity, the progress, 269 00:12:58,520 --> 00:13:01,440 Speaker 1: like the technology, and like medic medical progress we've made 270 00:13:01,640 --> 00:13:05,120 Speaker 1: because of the ability just to work really hard progress 271 00:13:05,120 --> 00:13:08,080 Speaker 1: with rockets. Look at the way SpaceX work. Yeah, Tesla 272 00:13:08,160 --> 00:13:11,520 Speaker 1: like weeks, Tesla, Rivian like. These companies exist here in 273 00:13:11,559 --> 00:13:15,600 Speaker 1: the United States. I'm thinking about like the vaccines, Fiser, Maderna, Johnson, 274 00:13:15,600 --> 00:13:18,480 Speaker 1: and Johnson. These are all American companies, and I think 275 00:13:18,520 --> 00:13:21,199 Speaker 1: if we were to say, Okay, you know, you are 276 00:13:21,280 --> 00:13:23,440 Speaker 1: not allowed to work beyond a certain amount of time, 277 00:13:23,760 --> 00:13:25,360 Speaker 1: I think that could really stifle I think it could 278 00:13:25,400 --> 00:13:28,120 Speaker 1: stiny the progress and just all of the awesome things 279 00:13:28,120 --> 00:13:30,240 Speaker 1: that we're able to do here in the US. And 280 00:13:30,280 --> 00:13:32,040 Speaker 1: so I like that it's an option. I wanted to 281 00:13:32,040 --> 00:13:34,319 Speaker 1: be an option for companies. I wanted to be something 282 00:13:34,360 --> 00:13:36,880 Speaker 1: where more employees are asking for it so they can 283 00:13:36,920 --> 00:13:38,680 Speaker 1: try it out. But I don't like the idea of 284 00:13:38,679 --> 00:13:40,920 Speaker 1: it being kind of like across the board thing that 285 00:13:41,040 --> 00:13:43,520 Speaker 1: is required agreed. And think if that was federal law, 286 00:13:43,600 --> 00:13:46,160 Speaker 1: and you know, folks Advisor who are working on this, 287 00:13:46,440 --> 00:13:49,440 Speaker 1: could you imagine glorious miracle of a vaccine And they're 288 00:13:49,440 --> 00:13:51,680 Speaker 1: like it it takes some eight nine months longer just 289 00:13:51,760 --> 00:13:55,480 Speaker 1: because of that regulation. Um that could certainly slow innovation 290 00:13:55,520 --> 00:13:57,839 Speaker 1: and growth down in some ways. But but for those 291 00:13:57,880 --> 00:14:00,439 Speaker 1: of us who are pursuing for financial independence, who good 292 00:14:00,800 --> 00:14:03,080 Speaker 1: with our money, who have saved well and invested well, 293 00:14:03,400 --> 00:14:05,240 Speaker 1: and who don't want to work fifty hours a week, 294 00:14:05,320 --> 00:14:07,040 Speaker 1: I think it's a good goal to work less. And 295 00:14:07,080 --> 00:14:09,280 Speaker 1: I think there are ways that you can implement that 296 00:14:09,360 --> 00:14:11,640 Speaker 1: into your life. Um. Not in every situation, but but 297 00:14:11,679 --> 00:14:13,160 Speaker 1: a lot of people can figure out a way to 298 00:14:13,200 --> 00:14:15,880 Speaker 1: do that. Um. And Yeah, the workforce is I think 299 00:14:15,920 --> 00:14:19,480 Speaker 1: responding in large part to the way millennials and gen 300 00:14:19,560 --> 00:14:22,160 Speaker 1: z want to work um And I think that's kind 301 00:14:22,160 --> 00:14:23,800 Speaker 1: of cool to see. But all right, maw, we got 302 00:14:23,800 --> 00:14:27,760 Speaker 1: more stories to get to, including one about cheaper cell phones, 303 00:14:28,000 --> 00:14:30,600 Speaker 1: uh and cheaper prescription drugs. We'll get to both of 304 00:14:30,600 --> 00:14:42,160 Speaker 1: those and more right after this break. All right, we're back. Yeah, 305 00:14:42,160 --> 00:14:45,040 Speaker 1: and in the world of inflation, there are a few 306 00:14:45,080 --> 00:14:47,880 Speaker 1: things that are more affordable these days. But before we 307 00:14:47,920 --> 00:14:50,480 Speaker 1: get to the stories, Joel that you hinted at, let's 308 00:14:50,480 --> 00:14:52,760 Speaker 1: get to our ludicrous headline of the week, And this 309 00:14:52,800 --> 00:14:58,320 Speaker 1: one reads, coupled us adults have cheated on their partners financially. 310 00:14:59,080 --> 00:15:02,000 Speaker 1: This one to us from a survey by credit cards 311 00:15:02,040 --> 00:15:05,680 Speaker 1: dot Com. This is not good. It showed that roughly 312 00:15:06,120 --> 00:15:09,880 Speaker 1: half of gen Z and millennial relationships struggle with us 313 00:15:09,960 --> 00:15:13,800 Speaker 1: where there has been some uh financial cheating going on. Uh. 314 00:15:13,880 --> 00:15:17,280 Speaker 1: And the truth is that financial infidelity can tank your 315 00:15:17,320 --> 00:15:19,960 Speaker 1: relationship quickly. You can break the trust in an instant. Yeah, 316 00:15:19,960 --> 00:15:22,920 Speaker 1: so let's quickly define it financial infidelity. Um. It can 317 00:15:22,960 --> 00:15:24,560 Speaker 1: be a number of things, right. It could be spending 318 00:15:24,560 --> 00:15:26,440 Speaker 1: more than your partner would be okay with and then 319 00:15:26,520 --> 00:15:29,000 Speaker 1: hiding it. It could mean having a credit card that 320 00:15:29,080 --> 00:15:32,000 Speaker 1: your partner doesn't know about. Maybe even keeping a stash 321 00:15:32,000 --> 00:15:34,800 Speaker 1: of of money, of savings, investments, whatever that you keep 322 00:15:34,840 --> 00:15:38,360 Speaker 1: a secret. Uh, your partner doesn't know. If you're a 323 00:15:38,360 --> 00:15:41,160 Speaker 1: millionaire secret that would be that would be kind of crappy. 324 00:15:41,480 --> 00:15:43,560 Speaker 1: It's okay, though, to to not tell your like your 325 00:15:43,560 --> 00:15:45,880 Speaker 1: brand new boyfriend or girlfriend, how much you have in 326 00:15:45,880 --> 00:15:48,280 Speaker 1: your four owne K, but first out the budget in 327 00:15:48,280 --> 00:15:50,720 Speaker 1: the spreadsheets. Yeah. But if you are in a long term, 328 00:15:50,720 --> 00:15:53,200 Speaker 1: committed relationship, I think hiding these things from your partner 329 00:15:53,280 --> 00:15:55,640 Speaker 1: can be seen as as a betrayal and it can 330 00:15:55,680 --> 00:15:58,800 Speaker 1: have these negative implications on your relationship moving forward. Yeah, 331 00:15:58,960 --> 00:16:02,880 Speaker 1: I agree. I just to clarify, you don't have to 332 00:16:02,920 --> 00:16:07,080 Speaker 1: pronout those account balances and show somebody your vaying heart 333 00:16:07,080 --> 00:16:09,720 Speaker 1: account on your smartphone on the second date, like that 334 00:16:09,720 --> 00:16:12,560 Speaker 1: would be I'd be not what we're pushing for. That's 335 00:16:12,560 --> 00:16:15,800 Speaker 1: just weird. Yeah, Plus, you're just basically broadcasting your nerd status. 336 00:16:15,800 --> 00:16:17,680 Speaker 1: You're just like wearing it on your sleeve. If that's 337 00:16:17,680 --> 00:16:19,320 Speaker 1: what you're doing during your day. Look at my jack 338 00:16:19,400 --> 00:16:22,520 Speaker 1: vocal tattoo to want se that's probably not what you 339 00:16:22,560 --> 00:16:24,720 Speaker 1: want to do, right, Yeah, but we would say it 340 00:16:24,760 --> 00:16:27,760 Speaker 1: is okay to have separate accounts if that's what works 341 00:16:27,760 --> 00:16:31,640 Speaker 1: best for your relationship situation, just not hidden accounts, right, 342 00:16:31,840 --> 00:16:35,320 Speaker 1: And so honesty really is the best policy because according 343 00:16:35,360 --> 00:16:38,480 Speaker 1: to this poll, Matt, most folks view financial infidelity on 344 00:16:38,520 --> 00:16:42,000 Speaker 1: the same exact level as physically being cheated on, which 345 00:16:42,080 --> 00:16:44,320 Speaker 1: I found that fascinating because crazy I think of them 346 00:16:44,400 --> 00:16:47,640 Speaker 1: is pretty similar. But yeah, other people view it the 347 00:16:47,680 --> 00:16:49,480 Speaker 1: same way too. You don't want to be pulling in 348 00:16:49,520 --> 00:16:53,000 Speaker 1: the opposite direction as your significant other. And if you 349 00:16:53,080 --> 00:16:57,000 Speaker 1: are committing financial infidelity, that's exactly what you're doing. And 350 00:16:57,040 --> 00:16:59,400 Speaker 1: so if this is a relationship that you're committed to, 351 00:16:59,800 --> 00:17:02,560 Speaker 1: lay your cards on the table enables you to better 352 00:17:02,560 --> 00:17:06,359 Speaker 1: plan for the future. That you envision having together. But 353 00:17:06,760 --> 00:17:09,240 Speaker 1: that's kind of kind of sad to see that a 354 00:17:09,320 --> 00:17:11,919 Speaker 1: third of overall people are doing this. But then when 355 00:17:11,960 --> 00:17:14,560 Speaker 1: we're looking at our cohort millennials and then younger gen Z, 356 00:17:14,760 --> 00:17:16,520 Speaker 1: it's like they're doing it in druves. More than half 357 00:17:16,560 --> 00:17:18,960 Speaker 1: of you are hiding things from their significant other, and 358 00:17:18,960 --> 00:17:20,840 Speaker 1: it's just it's just unhealthy. Right. Well, I think what's 359 00:17:20,920 --> 00:17:23,280 Speaker 1: key is that if you are, like what you said 360 00:17:23,320 --> 00:17:25,639 Speaker 1: is so true, if you're in a committed relationship. And 361 00:17:25,680 --> 00:17:28,119 Speaker 1: I think, honestly that is the big problem. Is it 362 00:17:28,160 --> 00:17:30,440 Speaker 1: kind of aligns with what we see when it comes 363 00:17:30,440 --> 00:17:32,600 Speaker 1: to folks who are married and not married, right, Because 364 00:17:32,680 --> 00:17:35,000 Speaker 1: if you're committed, then yes, these are conversations you need 365 00:17:35,040 --> 00:17:36,439 Speaker 1: to have. But if you're you know, you might be 366 00:17:36,440 --> 00:17:38,320 Speaker 1: in a relationship, But if you're not totally sure if 367 00:17:38,359 --> 00:17:40,760 Speaker 1: it's long term or not, yeah, maybe there are separate 368 00:17:40,760 --> 00:17:43,879 Speaker 1: accounts that folks don't know about. And obviously the younger 369 00:17:43,920 --> 00:17:46,639 Speaker 1: you get, when you move from millennials down to gen Z, 370 00:17:46,720 --> 00:17:48,359 Speaker 1: there are going to be fewer folks who are married 371 00:17:48,480 --> 00:17:50,560 Speaker 1: or who are in a long term, committed relationship. Point 372 00:17:50,640 --> 00:17:53,359 Speaker 1: that's probably has something to do with these numbers right, 373 00:17:53,359 --> 00:17:54,879 Speaker 1: and so I mean, but that being said, I think 374 00:17:55,080 --> 00:17:57,119 Speaker 1: it is still a great practice though that if you 375 00:17:57,160 --> 00:17:59,679 Speaker 1: are either married or if you've had just a serious 376 00:17:59,720 --> 00:18:02,520 Speaker 1: talk where you are in this for the long haul, Uh, 377 00:18:02,600 --> 00:18:04,080 Speaker 1: you need to make sure that you're being transparent. You 378 00:18:04,080 --> 00:18:06,919 Speaker 1: need to make sure that you're sharing with each other totally. Alright, 379 00:18:06,920 --> 00:18:08,720 Speaker 1: So if we talk about cheap phones for a second, 380 00:18:08,800 --> 00:18:10,160 Speaker 1: let's do it all right. There was this really cool 381 00:18:10,200 --> 00:18:13,680 Speaker 1: seeing that story, and it basically was saying that the 382 00:18:13,800 --> 00:18:16,840 Speaker 1: cheapest phones out there are getting way better, and so 383 00:18:17,080 --> 00:18:18,920 Speaker 1: for guys like us who like to spend less money 384 00:18:18,960 --> 00:18:21,920 Speaker 1: on gadgets, that was music to our ears. We're obviously 385 00:18:21,920 --> 00:18:23,719 Speaker 1: not tech experts. Like if you're if you want to 386 00:18:23,800 --> 00:18:26,600 Speaker 1: hear a tech experts opinion of what cell phone is 387 00:18:26,600 --> 00:18:28,159 Speaker 1: the best one to get, Yeah, you want to go 388 00:18:28,200 --> 00:18:30,080 Speaker 1: to like m K B h D on YouTube or whatever. 389 00:18:30,080 --> 00:18:32,320 Speaker 1: That guy knows what he's talking about. But um, but 390 00:18:32,400 --> 00:18:34,080 Speaker 1: we've kind of been seeing this in the cell phones 391 00:18:34,080 --> 00:18:36,959 Speaker 1: space in recent years. Google and Apple both have released 392 00:18:36,960 --> 00:18:39,080 Speaker 1: these like solid mid tier phones, you know, in the 393 00:18:39,160 --> 00:18:41,600 Speaker 1: last couple of years. I still I'm still using, still 394 00:18:41,680 --> 00:18:44,200 Speaker 1: rolling with the Pixel four A, which is which is 395 00:18:44,200 --> 00:18:45,879 Speaker 1: the three and or fifty dollar phone, and it's solid. 396 00:18:45,920 --> 00:18:49,119 Speaker 1: I like it. And Samsung just announced a new cheaper 397 00:18:49,119 --> 00:18:52,359 Speaker 1: phone called the Galaxy twenty one f E, which is 398 00:18:52,760 --> 00:18:55,600 Speaker 1: a great name, great great naming convention. F Yeah, I know, 399 00:18:55,880 --> 00:18:58,639 Speaker 1: I don't get it, but it's it's seven hundred bucks 400 00:18:58,640 --> 00:19:01,240 Speaker 1: and has some triple ends camera, which Matt, I'm sure 401 00:19:01,240 --> 00:19:03,560 Speaker 1: you would probably. Well, that's that's actually a really great 402 00:19:03,560 --> 00:19:06,439 Speaker 1: price point for a phone that has the triple lenses, right, 403 00:19:06,480 --> 00:19:07,720 Speaker 1: So to be able to have a phone in that, 404 00:19:07,840 --> 00:19:09,560 Speaker 1: you know, in that range that has the y the 405 00:19:09,600 --> 00:19:11,600 Speaker 1: regular and then the telephoto. Yeah, I mean that's that's 406 00:19:11,600 --> 00:19:13,560 Speaker 1: really appealing to someone like me. That's not like over 407 00:19:13,600 --> 00:19:15,720 Speaker 1: a thousand bucks because most of them are exactly Yeah, 408 00:19:15,760 --> 00:19:18,159 Speaker 1: and you can go with even more affordable phones, right, 409 00:19:18,200 --> 00:19:19,680 Speaker 1: you don't have to go all the way up to 410 00:19:19,680 --> 00:19:21,879 Speaker 1: seven hundred bucks. The Nokia G four hundred is a 411 00:19:21,880 --> 00:19:24,760 Speaker 1: new five G phone that costs only two thirty nine bucks, 412 00:19:24,760 --> 00:19:26,800 Speaker 1: which is amazing if you can play snake on it, 413 00:19:26,840 --> 00:19:30,439 Speaker 1: like two No, it's a real touch touch screen phone. 414 00:19:30,560 --> 00:19:33,160 Speaker 1: It's just crazy affordable. I know, that's a really good 415 00:19:33,160 --> 00:19:35,320 Speaker 1: price point, and so I feel like this is just 416 00:19:35,359 --> 00:19:37,440 Speaker 1: a good reminder that you don't have to shell out 417 00:19:37,960 --> 00:19:40,639 Speaker 1: just a grand or more for a phone with three lenses, 418 00:19:40,680 --> 00:19:42,920 Speaker 1: because there's a seven hundred dollar option, and you don't 419 00:19:42,960 --> 00:19:44,800 Speaker 1: even need to spend five hundred bucks for a phone 420 00:19:44,800 --> 00:19:47,600 Speaker 1: with five g Their solid options in that three fifty 421 00:19:48,000 --> 00:19:50,800 Speaker 1: range or even less, even even under two fifty. And 422 00:19:50,840 --> 00:19:53,040 Speaker 1: so you can find a really good phone. You can. 423 00:19:53,200 --> 00:19:55,400 Speaker 1: You're gonna make some compromises, but it's not like you're 424 00:19:55,400 --> 00:19:58,640 Speaker 1: going from like a Tesla to a Jelopy. It's more 425 00:19:58,760 --> 00:20:01,480 Speaker 1: like like a Toyota Rolla, Like it gets the job done, 426 00:20:01,520 --> 00:20:05,160 Speaker 1: not super flashy, but it's still a really solid car. Yeah, exactly, 427 00:20:05,160 --> 00:20:06,800 Speaker 1: And and maybe it's even better than a Corolla. I'm 428 00:20:06,800 --> 00:20:09,760 Speaker 1: sure that Samsung is definitely, definitely, but the Nokia might 429 00:20:09,760 --> 00:20:13,240 Speaker 1: be Corolla level. Yeah, maybe like an electric Corolla Chevy Bolt. 430 00:20:14,520 --> 00:20:15,879 Speaker 1: But like you said, I do think this is a 431 00:20:15,880 --> 00:20:18,320 Speaker 1: good wake up call essentially, if you have just been 432 00:20:18,320 --> 00:20:21,280 Speaker 1: in the mindset of, oh, all the good phones cost 433 00:20:21,280 --> 00:20:23,199 Speaker 1: a thousand dollars, that's just what I'm going to have 434 00:20:23,280 --> 00:20:26,080 Speaker 1: to spend, uh, and you're only looking at Apple phones 435 00:20:26,160 --> 00:20:28,119 Speaker 1: or Google phones. There are a lot of different options 436 00:20:28,119 --> 00:20:31,080 Speaker 1: out there, and sometimes it takes being confronted with the 437 00:20:31,080 --> 00:20:33,720 Speaker 1: information like this and being jarred loose from the your 438 00:20:33,720 --> 00:20:36,560 Speaker 1: way of thinking to know that I can actually save 439 00:20:36,600 --> 00:20:38,359 Speaker 1: a good chunk of money by going with a different 440 00:20:38,359 --> 00:20:40,639 Speaker 1: phone than I've gone within the past, and to be 441 00:20:40,800 --> 00:20:42,600 Speaker 1: to be honest, Matt, you know, I have a fairly 442 00:20:42,640 --> 00:20:44,320 Speaker 1: cheap phone. You have a pretty expensive phone, not a 443 00:20:44,400 --> 00:20:46,320 Speaker 1: nice one. We're not judging people on their phone choices, 444 00:20:46,359 --> 00:20:48,480 Speaker 1: but I think the biggest thing to save money on 445 00:20:48,480 --> 00:20:50,800 Speaker 1: the phone is to use it longer and we just 446 00:20:50,840 --> 00:20:54,680 Speaker 1: avoid the upgrade cycle. That's gonna be probably even more important, uh, 447 00:20:54,720 --> 00:20:56,640 Speaker 1: to get the phone you want and then hold onto 448 00:20:56,680 --> 00:20:59,280 Speaker 1: it for three plus years or that. Yeah, and making 449 00:20:59,280 --> 00:21:01,320 Speaker 1: sure that you get that a pordable cell phone coverage 450 00:21:01,359 --> 00:21:04,440 Speaker 1: to you gotta get that Mit Mobile exactly obviously, big 451 00:21:04,480 --> 00:21:07,800 Speaker 1: fans of that. Another little phone story here. If you 452 00:21:07,920 --> 00:21:09,720 Speaker 1: do decide to upgrade to one of those fans, you're 453 00:21:10,119 --> 00:21:13,480 Speaker 1: yet inexpensive phones, make sure to sell your old phone 454 00:21:13,680 --> 00:21:15,040 Speaker 1: to make some money. Don't just stick it in a 455 00:21:15,080 --> 00:21:18,840 Speaker 1: drawer actually listed on Facebook marketplace. Get whatever value out 456 00:21:18,840 --> 00:21:21,199 Speaker 1: of it that you can. But here's another option. If 457 00:21:21,240 --> 00:21:23,840 Speaker 1: your old phone is worth anything, it turns out that 458 00:21:23,840 --> 00:21:26,560 Speaker 1: you can use your old phone as a security camera. 459 00:21:26,760 --> 00:21:29,520 Speaker 1: Fast Company had this article describing how you can use 460 00:21:29,560 --> 00:21:32,920 Speaker 1: this app called Alfred Camera to turn an old cell 461 00:21:32,920 --> 00:21:36,000 Speaker 1: phone into like a baby monitor, maybe a camera to 462 00:21:36,040 --> 00:21:38,600 Speaker 1: watch out for packages when they arrive, whatever you might 463 00:21:38,640 --> 00:21:41,440 Speaker 1: need an extra set of eyes for. It looks pretty cool. 464 00:21:41,520 --> 00:21:44,600 Speaker 1: It works both with iOS and Android, so we'll make 465 00:21:44,600 --> 00:21:46,360 Speaker 1: sure to link to that app in our show notes. 466 00:21:46,359 --> 00:21:48,480 Speaker 1: All right, Alfred Camera, Yeah, that's pretty cool. My daughter 467 00:21:48,480 --> 00:21:51,840 Speaker 1: has like a little knit mouse and she calls it Alfred, 468 00:21:51,920 --> 00:21:54,640 Speaker 1: So yeah, I think of that. Where'd you get that name? Um, 469 00:21:54,680 --> 00:21:56,800 Speaker 1: I don't know. That's a good question, but she's been calling. 470 00:21:56,960 --> 00:21:58,640 Speaker 1: She's been taking them around every for like the last 471 00:21:58,680 --> 00:22:01,600 Speaker 1: few days. It's a very um out for old school 472 00:22:01,680 --> 00:22:05,840 Speaker 1: it is. It is old British gentleman or something. Well, 473 00:22:05,920 --> 00:22:08,879 Speaker 1: speaking of phones, uh, we came across a pretty silly 474 00:22:08,880 --> 00:22:12,119 Speaker 1: story of a toddler who bought around two thousand dollars 475 00:22:12,119 --> 00:22:15,159 Speaker 1: worth of furniture on his mom's phone. And yeah, she 476 00:22:15,160 --> 00:22:17,640 Speaker 1: had literally a toddler, did this right? He's I don't 477 00:22:17,640 --> 00:22:19,200 Speaker 1: even know. I think he was twenty two months old. Yeah, 478 00:22:19,200 --> 00:22:20,800 Speaker 1: he's like two years old. Yeah, And so she'd put 479 00:22:20,800 --> 00:22:23,040 Speaker 1: a bunch of items in her cart like you do, right, 480 00:22:23,119 --> 00:22:25,800 Speaker 1: and you're just like not checking out, you're thinking about it. 481 00:22:25,840 --> 00:22:28,280 Speaker 1: But then she didn't actually make that purchase, and so 482 00:22:28,560 --> 00:22:30,359 Speaker 1: the two year old managed to get on the phone 483 00:22:30,480 --> 00:22:32,919 Speaker 1: and he completed the order for her, which worry, Mom, 484 00:22:32,960 --> 00:22:36,159 Speaker 1: I got that. And so they didn't even realize this 485 00:22:36,200 --> 00:22:39,280 Speaker 1: had happened until all the boxes and boxes of stuff 486 00:22:39,600 --> 00:22:42,240 Speaker 1: showed up at their house. And so I don't know, 487 00:22:42,240 --> 00:22:43,960 Speaker 1: I thought. You know, one other lesson while we're talking 488 00:22:43,960 --> 00:22:46,879 Speaker 1: about smartphones is maybe, um, make sure we have a 489 00:22:46,920 --> 00:22:49,200 Speaker 1: proper Pascoe set up on our phones or the fingerprint 490 00:22:49,240 --> 00:22:52,280 Speaker 1: sensor like unlock, right, so that you're toddler can't log 491 00:22:52,320 --> 00:22:55,040 Speaker 1: into your Walmart accountant and buy a bunch of stuff. Uh, 492 00:22:55,080 --> 00:22:57,280 Speaker 1: and even just from a security standpoint, right, someone can 493 00:22:57,280 --> 00:22:59,720 Speaker 1: get ahold of your phone. And think about all the 494 00:22:59,760 --> 00:23:01,720 Speaker 1: stuff that's on our phone these days, Matt. And there's 495 00:23:01,720 --> 00:23:05,159 Speaker 1: Google pay. My credit cards are on on my smartphone 496 00:23:05,440 --> 00:23:07,720 Speaker 1: and you can buy stuff with them, or you can 497 00:23:07,760 --> 00:23:10,600 Speaker 1: transfer money from my bank account or from cash app 498 00:23:10,800 --> 00:23:13,200 Speaker 1: or Venmo. And so yeah, you want to make sure 499 00:23:13,240 --> 00:23:15,640 Speaker 1: that your phone is lockdown, that you have enabled those 500 00:23:15,680 --> 00:23:18,359 Speaker 1: log in procedures. So that someone can't snag your phone 501 00:23:18,359 --> 00:23:21,320 Speaker 1: and in an instant Robbie blind, which also like another thing. 502 00:23:21,359 --> 00:23:23,280 Speaker 1: It makes me think of the auto lock and so 503 00:23:23,400 --> 00:23:25,360 Speaker 1: on your phone, Joel, when you unlock it, how long 504 00:23:25,359 --> 00:23:27,840 Speaker 1: does it stay on or whatever before it like locks 505 00:23:27,880 --> 00:23:30,080 Speaker 1: back down automatically. I don't know. It's like three seconds, 506 00:23:30,080 --> 00:23:33,480 Speaker 1: maybe six seconds? Maybe oh crazy? Okay, So on Apple 507 00:23:33,560 --> 00:23:36,000 Speaker 1: phones you can set up to like thirty seconds, one minute, 508 00:23:36,160 --> 00:23:39,560 Speaker 1: like two five, or like never. And I think another 509 00:23:39,560 --> 00:23:41,960 Speaker 1: thing to consider is you probably want to make sure 510 00:23:42,000 --> 00:23:44,000 Speaker 1: that your phone is on auto lock after thirty seconds 511 00:23:44,080 --> 00:23:46,320 Speaker 1: or one minutes. I think one minute is like the default, 512 00:23:46,600 --> 00:23:48,199 Speaker 1: but maybe maybe I'm wrong. Then I don't know what 513 00:23:48,240 --> 00:23:50,399 Speaker 1: minu is. Okay, Yeah, I don't know how these Android 514 00:23:50,400 --> 00:23:52,840 Speaker 1: phones work. Um, but so many times when I unlock 515 00:23:52,920 --> 00:23:54,720 Speaker 1: my phone to do something real quick, I I just 516 00:23:54,760 --> 00:23:56,880 Speaker 1: set it down and I don't lock it. I let 517 00:23:56,880 --> 00:23:59,080 Speaker 1: it auto lock because I don't know. I just figure 518 00:23:59,080 --> 00:24:00,840 Speaker 1: I don't want to push the button, like where's out 519 00:24:00,840 --> 00:24:02,800 Speaker 1: the button? I don't know if if anybody else thinks 520 00:24:02,800 --> 00:24:04,679 Speaker 1: that way true, I think that way, like if you 521 00:24:04,760 --> 00:24:06,840 Speaker 1: don't know if you push it every single time to 522 00:24:06,960 --> 00:24:09,480 Speaker 1: relock it rather than just let it automatically lock with 523 00:24:09,600 --> 00:24:12,040 Speaker 1: via the software. Anyway, that's what I do. I'm pretty 524 00:24:12,080 --> 00:24:13,760 Speaker 1: sure I'm not the only one out there. But if 525 00:24:13,800 --> 00:24:15,520 Speaker 1: you if your phone is set to like two minutes 526 00:24:15,600 --> 00:24:18,159 Speaker 1: or three minutes where it's just sitting there unlocked, and 527 00:24:18,240 --> 00:24:20,240 Speaker 1: somebody gets ahold of your phone, well you're sorry, out 528 00:24:20,240 --> 00:24:22,000 Speaker 1: of luck. And so I think that's just another thing 529 00:24:22,000 --> 00:24:24,320 Speaker 1: to keep in mind as well. Maybe consider taking your 530 00:24:24,320 --> 00:24:26,719 Speaker 1: phone off of five minutes. Uh. I don't know if 531 00:24:26,760 --> 00:24:29,040 Speaker 1: anybody out there has their phone set to never lock, 532 00:24:29,400 --> 00:24:31,719 Speaker 1: if it's just sitting there and it's just on, does 533 00:24:31,760 --> 00:24:33,520 Speaker 1: that Well, so I will say, if I see somebody's 534 00:24:33,520 --> 00:24:36,240 Speaker 1: phone that's like that, I will take goofy selfies on myself. 535 00:24:36,400 --> 00:24:37,640 Speaker 1: That's the worst thing I'm gonna do to your phone 536 00:24:37,640 --> 00:24:39,640 Speaker 1: if come around it. But other people might do worse. Yeah, 537 00:24:39,680 --> 00:24:43,040 Speaker 1: other folks might have more nefarious intentions in mind. That's right. 538 00:24:43,080 --> 00:24:44,960 Speaker 1: All right, Well, let's let's talk about we talked about 539 00:24:45,000 --> 00:24:48,320 Speaker 1: cheap phones. Let's talk about cheap prescription drugs, cheap med Yeah, 540 00:24:48,400 --> 00:24:52,720 Speaker 1: high profile billionaire and entrepreneur Mark Cuban and a potentially 541 00:24:52,880 --> 00:24:55,040 Speaker 1: future president. I guess you must at some point I 542 00:24:55,320 --> 00:24:58,840 Speaker 1: read that he's making generic drugs more affordable. That is 543 00:24:59,119 --> 00:25:01,480 Speaker 1: a winning campaign at him, I would say. But his site, 544 00:25:01,560 --> 00:25:04,040 Speaker 1: cost plus drugs dot com it launched earlier this week 545 00:25:04,320 --> 00:25:07,240 Speaker 1: and its goal is to provide more transparency in the space, 546 00:25:07,520 --> 00:25:11,560 Speaker 1: in a space that has obviously not had much transparency 547 00:25:11,600 --> 00:25:13,840 Speaker 1: over the years. And you know, they're kind of actually 548 00:25:13,880 --> 00:25:16,480 Speaker 1: going with the costcoe business model mat of charging the 549 00:25:16,560 --> 00:25:19,040 Speaker 1: cost plus fifteen percent. And if you don't know how 550 00:25:19,040 --> 00:25:21,359 Speaker 1: costco does things, it's basically that's basically how they roll 551 00:25:21,560 --> 00:25:24,440 Speaker 1: the formula. Yeah, they don't mark anything up over more 552 00:25:24,440 --> 00:25:28,160 Speaker 1: than fifteent and so more competition in the prescription drug 553 00:25:28,240 --> 00:25:31,080 Speaker 1: space is a good thing for all of us. So 554 00:25:31,400 --> 00:25:34,399 Speaker 1: next time you're shopping for prescription we would say, stopped 555 00:25:34,400 --> 00:25:37,040 Speaker 1: by cost plus Drugs to see if that can save 556 00:25:37,080 --> 00:25:39,879 Speaker 1: you money. And don't forget about good r X two. 557 00:25:40,080 --> 00:25:41,760 Speaker 1: That's one of our favorites that's been around for a 558 00:25:41,760 --> 00:25:43,959 Speaker 1: while and you can just like literally pull it up 559 00:25:43,960 --> 00:25:46,480 Speaker 1: on your phone, show it to the pharmacist while you're 560 00:25:46,520 --> 00:25:49,439 Speaker 1: getting your drugs, and you can often save a bundle. 561 00:25:49,680 --> 00:25:51,400 Speaker 1: That's one of the best sites and apps I think 562 00:25:51,400 --> 00:25:53,760 Speaker 1: to save. But this cost plus Drugs is going to 563 00:25:53,800 --> 00:25:56,240 Speaker 1: be just adding more competition into the space in a 564 00:25:56,240 --> 00:25:59,879 Speaker 1: space that has really been sorely lacking for for that competition. Right, 565 00:26:00,000 --> 00:26:01,959 Speaker 1: the more competition there is, the better it is for 566 00:26:02,040 --> 00:26:04,960 Speaker 1: us consumers. And you know, everyone knows it's gonna cost 567 00:26:05,000 --> 00:26:09,080 Speaker 1: a lot more to buy a car right now, specifically more, 568 00:26:09,480 --> 00:26:12,679 Speaker 1: which is actually equivalent to roughly five weeks of salary. 569 00:26:12,960 --> 00:26:15,880 Speaker 1: Recent story talked about that, and we're gonna talk more 570 00:26:15,920 --> 00:26:18,119 Speaker 1: about buying a car the right way. We're gonna do 571 00:26:18,200 --> 00:26:21,080 Speaker 1: that next week, but until then, we want you to 572 00:26:21,080 --> 00:26:23,000 Speaker 1: have a great weekend. Don't forget to enter the book 573 00:26:23,000 --> 00:26:25,520 Speaker 1: giveaway for Comico's book. All you gotta do is leave 574 00:26:25,520 --> 00:26:27,720 Speaker 1: that review on Apple podcast or give us that rating 575 00:26:27,720 --> 00:26:30,080 Speaker 1: on Spotify, send us an email letting us know that 576 00:26:30,119 --> 00:26:32,240 Speaker 1: you did, and you are entered into that giveaways. Right. 577 00:26:32,280 --> 00:26:34,800 Speaker 1: It's how to Money pod at gmail dot com. Shoot 578 00:26:34,840 --> 00:26:37,320 Speaker 1: it over, We'll get you entered into the contest. That's right, 579 00:26:37,359 --> 00:26:39,720 Speaker 1: all right, Matt. That's gonna do it for this episode 580 00:26:39,840 --> 00:26:42,240 Speaker 1: until next time. Best Friends Out, Best Friends Out.