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Speaker 1: Welcome to how to Money.

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Speaker 2: I'm Joel and I am and today we're answering your

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Speaker 2: listener questions.

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Speaker 1: That's right, you know what day of the week it is,

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Speaker 1: and we are here to answer your personal plance questions.

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Speaker 1: We're gonna get to whether or not it's frugal or

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Speaker 1: cheap to avoid paying for a kid's meal. Always love

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Speaker 1: a nice frugal or cheap let them starve, that's frugal.

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Speaker 1: We're gonna talk about affordable home security by not pay later.

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Speaker 1: We're gonna discuss whether or not it is all that bad.

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Speaker 1: Plus we've got other topics to get to today, Joel.

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Speaker 1: But first, Man, I wanted to talk about Instagram, specifically

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Speaker 1: social media. Like we're always talking about how it's making

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Speaker 1: us poor. Basically, you're right, like saying our attention TikTok,

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Speaker 1: not only our attention but also our dollars. Yes, but

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Speaker 1: certainly were much more time poor because most likely because

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Speaker 1: of social media. But like TikTok shop all the targeted ads.

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Speaker 1: I've got an instance where social media has saved us

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Speaker 1: a pretty big chunk of money. So, Kate, she follows

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Speaker 1: a food person. I don't. She's a chef influencer, maybe

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Speaker 1: a food fluencer. I think most likely she mills her

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Speaker 1: own flower, because that's something that Kate's and your wife

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Speaker 1: it's all the way right now have been reading slash

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Speaker 1: watching all about but no, this was I think she's

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Speaker 1: a chef and she just talks about food like we

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Speaker 1: talking about money. She talks about food. Yeah, but in

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Speaker 1: this one case, someone had reached out to her and

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Speaker 1: asked her like, evidently she's ripped. She's like really fit,

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Speaker 1: and someone was just like, by the way, like what

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Speaker 1: do you do for fitness? And so she created a

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Speaker 1: post about it and was just like, oh, I do

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Speaker 1: these peloton classes. And she's not sponsored or anything, but

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Speaker 1: she's like, I don't have a peloton bike. I literally

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Speaker 1: just pay for the app. It's a monthly subscription in

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Speaker 1: order to have access to the classes. And I freaking

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Speaker 1: love the peloton. It's like they've got cardio but like

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Speaker 1: strength classes as well. And that pequd Kate's interest, and

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Speaker 1: she thought, you know what, I want to check that

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Speaker 1: out because for multiple reasons, she was considering something that's

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Speaker 1: maybe a little more convenient at home going to the gym. Yes, exactly,

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Speaker 1: and guess what, she freaking loves it and now she's ripped, yeah,

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Speaker 1: just overnight. Yeah, and yeah, she's just able to do

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Speaker 1: it on her own time. She's always just a little

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Speaker 1: bit rush because she's trying to get out of there

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Speaker 1: and go do something else, as opposed to she's reclaimed

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Speaker 1: some of that commuting time, and we are reclaiming a

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Speaker 1: ton of money because paying for it, Like she's been

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Speaker 1: doing what the Peloton cost, burned boot camp or whatever,

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Speaker 1: and for six months of that, which is by the way,

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Speaker 1: that's the discounted price right where you commit to like

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Speaker 1: six months, it's close to nine hundred dollars. Wow, that

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Speaker 1: is a lot of money.

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Speaker 2: One hundred and fifty bucks a month versus what Peloton fifteen.

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Speaker 1: It's like twelve dollars. Amazing, it's only twelve bucks. And

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Speaker 1: she loves it. And so anyway, all that to say,

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Speaker 1: here's an instance of social media's her learning something that

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Speaker 1: is allowing us to save a ton of money. And

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Speaker 1: I think a big takeaway is just for us to

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Speaker 1: reevaluate some of the different expenses that we have in

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Speaker 1: our life, especially an expense of gym membership, because we're like,

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Speaker 1: you know, you've had a solid month under the belt

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Speaker 1: of are you actually going to go, did you actually go?

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Speaker 1: How many times did you actually go? What is your

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Speaker 1: per visit cost now that you've been able to kind

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Speaker 1: of incorporate it, or maybe you weren't able to incorporate

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Speaker 1: it into your schedule.

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Speaker 2: Makes me think there's probably one more tip, which is

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Speaker 2: curate who you follow well, because if you follow the

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Speaker 2: right people, you'll learn they'll point you in the right

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Speaker 2: direction on helpful tips like this, Following the wrong people,

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Speaker 2: they're going to get you to spend money in ridiculous.

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Speaker 1: Ways exactly, So currate your social media feed.

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Speaker 2: But I like that to matt reevaluate whether or not

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Speaker 2: you're actually going to use the gym membership, and.

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Speaker 1: Not just your gym, I mean all memberships, all subscriptions,

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Speaker 1: because that's what's something about that regularly nefarious about that

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Speaker 1: is the set up and forget it. It's great when

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Speaker 1: it comes to investing, you know, don't even think about it,

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Speaker 1: just to set your percentage of your paycheck the don't

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Speaker 1: even think about it, don't revisit that. But when it

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Speaker 1: comes to expenses, that same inertia that's working for us

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Speaker 1: when it comes to investing, it's working against us. And

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Speaker 1: parting us from our dollars one hundred percent. All right,

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Speaker 1: let's mention the beer we're having on this episode. It's

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Speaker 1: called Bird in My Hand. It's a Sayson from Piedemont Buru.

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Speaker 1: We'll give our thoughts on that at the end of

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Speaker 1: the episode. But man, let's get to a listener questions

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Speaker 1: and let's do it for listeners who do have a

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Speaker 1: personal finance question, well, we'd love to tackle it on

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Speaker 1: an upcoming episode. Just going to have to money dot

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Speaker 1: com slash ask for the simple instructions. Really, it's just

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Speaker 1: recording a voice memo and sending it to us via

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Speaker 1: email and hopefully we'll take it next week. But Matt,

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Speaker 1: this first question comes from a listener who's trying to

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Speaker 1: sign whether or not landlording is the next best step

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Speaker 1: for him.

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Speaker 3: Hi, Matt and Joel, this is Tyler from Utah. I

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Speaker 3: actually have two unrelated questions for you, but I'll ask

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Speaker 3: the big one first and if there is time, you

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Speaker 3: can answer the second, as it should be a straightforward,

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Speaker 3: simple answer. When it's time to move, how do you

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Speaker 3: determine if it's better to sell your house or keep

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Speaker 3: it and rent it out. We currently have about one

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Speaker 3: hundred and forty two thousand left on our twenty year

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Speaker 3: two point eight seventy five percent mortgage. Comparable houses in

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Speaker 3: the neighborhood are selling for around four hundred and nine

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Speaker 3: thousand right now or renting for about twenty three hundred

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Speaker 3: a month. If we sold, that would net us around

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Speaker 3: two hundred and sixty five thousand, and if we rented,

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Speaker 3: it would be an extra eleven forty eight a month

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Speaker 3: on top of our mortgage payment. If we rented and

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Speaker 3: put the extra profit straight towards the mortgage, I show

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Speaker 3: it would be paid off in about seven years, and

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Speaker 3: then if we banked the twenty three hundred a month

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Speaker 3: it would take nearly ten years before that adds up

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Speaker 3: to the two hundred and sixty five thousand in profit

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Speaker 3: from just selling. So, unless I'm mathing wrong, it seems

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Speaker 3: like it's better to sell and profit the two hundred

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Speaker 3: and sixty five thousand now rather than renting for seventeen

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Speaker 3: years to make that same amount. Am I missing some

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Speaker 3: thin Secondly, I wanted to ask, when record keeping your

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Speaker 3: medical expenses for future HSA reimbursements, do you need to

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Speaker 3: keep track of the data service or just when you

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Speaker 3: paid the bill and its related receipt. Thanks for your

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Speaker 3: time and advice.

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Speaker 1: All right, Tyler, this is such a great question, and

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Speaker 1: by the way, for folks who are interested in getting

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Speaker 1: into owning rentals, keeping the home that you currently live

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Speaker 1: in when you move or when you buy a slightly

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Speaker 1: larger house, that is often the best way to get

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Speaker 1: the ball rolling here. Saving up that next down payment

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Speaker 1: is not easy, but the requirements for buying a new

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Speaker 1: primary home or a heck of a lot chiller than

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Speaker 1: if you're buying an investment property. Plus you've already probably

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Speaker 1: have a low and straight locked in like Tyler does,

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Speaker 1: making that move even more advantageous to hang on to

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Speaker 1: that property as opposed to immediately selling it.

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Speaker 2: Yeah, not too long ago, Matt. You and I met

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Speaker 2: with a friend and he's living in base like a

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Speaker 2: two to two with his small family. He's like, I

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Speaker 2: want to get in real estate investing.

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Speaker 1: How do I do it?

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Speaker 2: And it's like, well, how long are you planning on

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Speaker 2: being this house? Like, not too much longer. This is

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Speaker 2: probably the perfect first rental property for you. Then save

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Speaker 2: up move into the next house. So that's what we're encouraging.

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Speaker 1: Because he was he was talking about maybe them adding

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Speaker 1: on to the house, and it's just like, oh, maybe

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Speaker 1: instead of actually doing that. And this is before interest

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Speaker 1: rates had completely shot up. But yeah, keeping that property

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Speaker 1: as is would make a.

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Speaker 2: Killer for sure, especially given the location that place, size

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Speaker 2: of the home plus the interest rate is a it's

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Speaker 2: a perfect marriage match made in heaven. All right, So

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Speaker 2: let's talk about landlord and specifically the rate that Tyler

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Speaker 2: has to contributes to. Oh yeah, maybe holding onto this

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Speaker 2: home right two point eight seventy five locked in, that

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Speaker 2: burd in the hand is strong.

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Speaker 1: So Tyler, if you're.

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Speaker 2: Inclined speaking of burden in my hands, if you're inclined

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Speaker 2: to become a real estate investor, it really is helpful

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Speaker 2: to have that low interest rate locked in. That's going

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Speaker 2: to make the numbers work even more in your favor. Right,

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Speaker 2: But this brings up, you know, one of the other

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Speaker 2: really important considerations of buying or selling, and that's if

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Speaker 2: you're ready to take on the increased workload of owning

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Speaker 2: a rental property. On Another question is like do you

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Speaker 2: want to be a landlord? And some people are like,

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Speaker 2: it really matter what the numbers show. Yeah, ultimately, this

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Speaker 2: is a it's kind.

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Speaker 1: Of like a lifestyle.

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Speaker 2: Yes, it's a gut check, and there's so many people

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Speaker 2: out there, Matt who they hear the benefits. They've seen

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Speaker 2: they followed real estate influencers and they've seen people talk

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Speaker 2: about how much money they can make or boy how

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Speaker 2: it's boyd their net worth over time, and they're like,

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Speaker 2: I need to get into that. But do you want

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Speaker 2: to get into that? And then it's really important to

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Speaker 2: ask yourself that because I've seen people half heartedly do it,

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Speaker 2: and those are typically the worst real estate deals. They

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Speaker 2: don't make very much, they don't make as much sense.

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Speaker 2: You're just kind of like going through the motions because

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Speaker 2: you feel like you're supposed to. But Tyler, if landlording

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Speaker 2: sounds actually kind of fun interesting to you, it's something

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Speaker 2: you want to proceed in, then it makes more sense.

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Speaker 2: And part of that, too, depends on how far you're

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Speaker 2: moving away, like whether or not you opt to kind

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Speaker 2: of become a landlord and rent this property out. Because

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Speaker 2: the truth is self managing can reduce the costs for you,

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Speaker 2: and we think that it's a good way for landlords

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Speaker 2: to learn the ropes. And if like you are later

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Speaker 2: on going to hire a property manager. Dei Wying it

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Speaker 2: in the beginning is a great way to get started.

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Speaker 2: And if you're crossing state lines, or if you're even

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Speaker 2: just moving like across across town in a major city,

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Speaker 2: that can make it more difficult to self manage. So

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Speaker 2: if you're an hour away and there's a busted toilet

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Speaker 2: and you kind of want to go there and get

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Speaker 2: a look at it yourself, well, it's going to be

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Speaker 2: really frustrating if you have to drive that far in

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Speaker 2: order to do so. So I don't know that I

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Speaker 2: would take all those things into consideration as to whether

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Speaker 2: or not kind of moving forward with this as a

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Speaker 2: rental property makes sense for you.

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Speaker 1: Yeah, that is the biggest question. Do you want a

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Speaker 1: part time job? And at times it's going to seem

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Speaker 1: like it takes a lot of your time when it

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Speaker 1: comes to showing the property and getting new tenants in there,

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Speaker 1: making sure that it's up to snuff, that repairs have

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Speaker 1: been made. But then other times you might have a

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Speaker 1: tendon in there like I have had for like years.

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Speaker 1: I don't even know what you were What might say,

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Speaker 1: I think we're on like year four or year five.

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Speaker 1: It's a dream come true. Yeah, you hear from them

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Speaker 1: like four times a year never. Yeah, and so something

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Speaker 1: that comes down to the actual house, I guess, because

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Speaker 1: if it's a house that needs a lot of work,

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Speaker 1: like the condition of the home plays into that because

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Speaker 1: you're probably gonna have to be over there a little

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Speaker 1: bit more or less. But then also it doesn't even

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Speaker 1: matter like maybe it's a perfectly renovated home, everything is

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Speaker 1: like bulletproof. But some of that's out of other factors

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Speaker 1: that are out of your control, because it comes down

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Speaker 1: to the tenant, because you might have the nicest place

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Speaker 1: and you might just have a tenant who's nitpicking every

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Speaker 1: single thing, or even mother nature because you just never

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Speaker 1: know when when a tree is gonna mother well something

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Speaker 1: like that's gonna bite. That's true. But Tyler was asking

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Speaker 1: if he was missing something kind of like on the

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Speaker 1: math side, and yeah, it turns out there's a really

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Speaker 1: massive potential source of revenue that you didn't mention, and

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Speaker 1: that's appreciation. And ten years, not only will that rental

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Speaker 1: have been spinning off income for over a decade, but

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Speaker 1: it'll also have hopefully gone up significantly in value. And

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Speaker 1: I wouldn't expect your property to you know, appreciate at

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Speaker 1: the same rate that real estate has gone up over

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Speaker 1: the past decade, but at home that's now worth four

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Speaker 1: hundred thousand dollars, it could be worth like five hundred

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Speaker 1: fifty thousand dollars in a decade. Yeah, I think that's

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Speaker 1: a part of why real estate can be so powerful.

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Speaker 1: There are these multiple modes of increasing your wealth, and

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Speaker 1: I think appreciation it's sort of like this gravy on top.

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Speaker 1: But in all honesty, the increase in value it's been

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Speaker 1: far more powerful than the rent dollars coming in every

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Speaker 1: month and you and formili properties that we've experienced. But yeah,

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Speaker 1: on one hand, as you're sort of weighing these two options,

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Speaker 1: you're immediately taking into account the equity that you have

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Speaker 1: there in the home. But then on the other option,

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Speaker 1: you're only considering the cash flow. But don't forget, like,

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Speaker 1: once that mortgage is paid off, you are you have

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Speaker 1: a paid for house where you own one hundred percent

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Speaker 1: of that equity, So don't discount that aspect of it.

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Speaker 2: It's like owning stocks and only thinking about the divin

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Speaker 2: dends and not thinking about the valuation increase in the

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Speaker 2: companies that you're invested in, too, which is the main

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Speaker 2: reason to be invested in the stock market.

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Speaker 1: The fact that somebody else is making payments to you

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Speaker 1: in order to pay equity into that, they're paying the mortgage,

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Speaker 1: and at the end of that period of time, that

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Speaker 1: is now your asset, which you can choose to do

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Speaker 1: what you want with. At that point that two hundred

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Speaker 1: and sixty five thousand, Yes, you're accounting for it on

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Speaker 1: one hand, but you're not accounting for it on the

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Speaker 1: other hand.

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Speaker 2: And that's I like he kind of called a gravey

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Speaker 2: on top, Matt, I feel like that is That's how

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Speaker 2: I think of it. It's clearly the number one source

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Speaker 2: of revenue from all my investment properties. It's the number

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Speaker 2: one way I've made money. But I also like, don't

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Speaker 2: think about it much. I want my rentals to be

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Speaker 2: profitable on like an annual basis and kind of keep

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Speaker 2: them in good shape. But I know that in the

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Speaker 2: back of my head these things that is truly what's

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Speaker 2: making me wealthy is the appreciation of those things over time.

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Speaker 1: Yeah.

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Speaker 2: One more important question to ask Tyler is do you

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Speaker 2: need the equity from your current home to buy the

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Speaker 2: next one?

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Speaker 1: Right?

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Speaker 2: And the honest truth is most people do. That's the

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Speaker 2: reason they sell their home. And don't rent out the

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Speaker 2: one they currently live in is because they need the

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Speaker 2: cash in order to buy the next home. But if

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Speaker 2: you can save up a significant down payment for the

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Speaker 2: next property, that makes it just so much easier to

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Speaker 2: think about holding on to the current one as a rental.

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Speaker 2: And that's the route we want to see people take,

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Speaker 2: because the recipe of buying a small isheper house, living

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Speaker 2: in it for a couple of years, saving up and

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Speaker 2: down payment for the next purchase in order to buy

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Speaker 2: that slightly bigger house or whatever as your family's growing.

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Speaker 2: That is a recipe for success, right. Keeping that current

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Speaker 2: one as a rental then once you've made the upgrade

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Speaker 2: is something that I've done multiple times. I think it's

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Speaker 2: a great path for small time landlords to follow. It

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Speaker 2: allows you to like dip your feet in instead of

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Speaker 2: going whole hog. It's a way to essentially de risk

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Speaker 2: your foray into owning investment properties.

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Speaker 1: Yeah, and by the way, too, he mentioned paying down

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Speaker 1: that mortgage sooner, dude with a sub three percent Again,

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Speaker 1: you know we touched on how strong of a rate

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Speaker 1: that is two point eight seventy five. That's not something

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Speaker 1: you want to rush paying off. Has agreed, you do

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Speaker 1: not pay extra on that mortgage. That's a rate that

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Speaker 1: you write off into the sunset with and you take

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Speaker 1: your time. You are in no rush. But something else

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Speaker 1: that you want to keep in mind in this rent

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Speaker 1: versus sell decision are the tax consequences as well, because

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Speaker 1: if you sell and you take that profit, well, right

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Speaker 1: now you're going to owezero tax on the gain that

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Speaker 1: that property has experienced. It's a nice little perk of

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Speaker 1: the tax code for homeowners. But once you've been renting

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Speaker 1: that home out for a few years, well that's when

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Speaker 1: the two and five rule kicks in. Basically, if you've

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Speaker 1: lived in the home for two of the past five years,

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Speaker 1: well you still retain that tax exemption two hundred and

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Speaker 1: fifty thousand dollars in gain if you are filing as

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Speaker 1: a single individual five hundred k. If you are married

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Speaker 1: filing jointly, and you could theoretically rent out your home

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Speaker 1: let's say for two years, you could put it on

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Speaker 1: the market and you could sell it and still pay

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Speaker 1: no tax. But if you rent it out for three

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Speaker 1: plus years, well then you're going to owe a fifteen

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Speaker 1: percent capital gains tax upon the sale of that home.

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Speaker 2: And that tax is factored in based on the purchase price.

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Speaker 2: Even though you've experienced a lot of the increase in

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Speaker 2: value while you were actually a homeowner living in it,

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Speaker 2: you're still going to tax on that if, like you said, Matt,

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Speaker 2: that timeline stretch is far enough.

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Speaker 1: That's right, So it's certainly worth considering keeping it around. Actually,

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Speaker 1: have we talked about you possibly selling y'all's last home? Oh? Yeah, No,

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Speaker 1: I don't think we have so, I mean in like

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Speaker 1: the early stages of that. But a big reason why

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Speaker 1: you know you can tell the story it is the

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Speaker 1: tax code because you're looking at the timing and you

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Speaker 1: know that, like, all right, it's either crap or get

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Speaker 1: off the pot, right, Basically it's kind of where you're

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Speaker 1: at with that.

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Speaker 2: Yeah, I mean, basically, we lived in it for seven

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Speaker 2: years and we rented out for just shy of two years,

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Speaker 2: and so we're thinking perfect now might be a great

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Speaker 2: time to sell. And then because there's a lot of

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Speaker 2: game that we've accrued over the years that we're not

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Speaker 2: gonna have to pay tax on, but if we wait

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Speaker 2: too long, we're gonna be taxed on it.

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Speaker 1: So yeah, it's exactly five hundred, kay, Because you don't

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Speaker 1: want it to. If it's anything less, you're like, oh, man,

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Speaker 1: there's still a potential for appreciation, but any anything above that,

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Speaker 1: you're like, oh crap.

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Speaker 2: Well, And it just makes me think too that if

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Speaker 2: you're going to be a landlord, you need either have

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Speaker 2: that kind of short term mindset. Okay, I'm gonna do

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Speaker 2: it for two years and then so or no, no,

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Speaker 2: I'm in.

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Speaker 1: It for a decade plus. You definitely get to a

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Speaker 1: point where you need to make a decision around that

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Speaker 1: two year.

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Speaker 2: Mark for sure, So you can, I guess, Tyler, dip

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Speaker 2: your toes in, give it a shot, and then say, oh,

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Speaker 2: this isn't for me. I'm going to say, well, but

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Speaker 2: sometimes it's just easy to sell because all your stuff's

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Speaker 2: in it. You can take pictures all bloody bloody blah.

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Speaker 2: And also, by the way, real estate has a lot

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Speaker 2: of interesting tax loopholes to help you avoid paying tax,

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Speaker 2: like the ten thirty one exchange. If you wanted to

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Speaker 2: sell that property far down the road in the future

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Speaker 2: and no tax, yeah, upgrade into a bigger rental property.

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Speaker 2: Just talking to a friend about that this weekend, Matt.

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Speaker 2: He's done a lot of that as a part time

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Speaker 2: real estate investor, and he's crushing it. And the truth

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Speaker 2: is you could sell that home use the proceeds to

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Speaker 2: buy another rental while avoiding tax on that sale. But

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Speaker 2: while that's cool, it's not always easy.

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Speaker 1: To pull off.

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Speaker 2: The ten thirty one exchange gets a lot of press,

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Speaker 2: but it can also be a little nerve wracking to

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Speaker 2: go through the process.

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Speaker 1: You've got a limited window of time to be able

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Speaker 1: to pull that off. Otherwise, Oh sorry us, yep, cyrus

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Speaker 1: the tax are you still triggered the tax liability? All right?

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Speaker 2: Quickly onto your HSA question? Do you need to keep

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Speaker 2: track of the date of service or the date you

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Speaker 2: paid for it? Well, when it comes to HSA eligibility,

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Speaker 2: the date of service is the important date because you

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Speaker 2: want to make sure you were actually enrolled in that

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Speaker 2: high deductible healthcare and that the HSA was established in

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Speaker 2: order for an expense to qualify, it's all about the

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Speaker 2: date that you had the services rendered. That shouldn't be

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Speaker 2: a big deal, right because you might only be concerned

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Speaker 2: with expenses that occurred right at the beginning or right

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Speaker 2: near the end of that covered time period. But we

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Speaker 2: would just say save emailed receipts, take a photo of

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Speaker 2: physical receipts, and then input that data into a spreadsheet.

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Speaker 2: Very few folks matt end up using the HSA to

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Speaker 2: their maximum advantage. But if you are one of those folks, Tyler,

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Speaker 2: who's willing to jump through those hoops, it can be

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Speaker 2: this massive, massive investing win and tax avoidance win at

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Speaker 2: the same time. It's one of the best accounts that

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Speaker 2: very few people talk about. And I get that not

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Speaker 2: everyone can use it in this way. Not everyone has

401
00:17:42,480 --> 00:17:45,000
Speaker 2: so much excess cash that they can max out the HSA. Well,

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Speaker 2: they're also you know, saving significant amounts in the four

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Speaker 2: O one K and the roth IRA.

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Speaker 1: Not everyone is optimizing to the nth degree. But I

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Speaker 1: like that you're thinking about it. If that's your.

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Speaker 2: Jam, though, and if you are willing to optimize to

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Speaker 2: the extreme, you know, utilizing the HSA properly can make

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Speaker 2: a massive difference in your future and your retirement nest

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Speaker 2: egg down the road.

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Speaker 1: That's right, all right, We got more to get to,

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Speaker 1: including whether or not we condone eating out with kids

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Speaker 1: because it can be so dang expensive. We'll get to

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Speaker 1: that plus more right after this.

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Speaker 2: All right, we're back to the break we'll get to

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Speaker 2: that for a little or chief question if just a second,

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Speaker 2: but Matt, let's actually get to a question. This listener

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Speaker 2: is having some issues with a bank she's doing business with.

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Speaker 4: Good Morning. This is Stephanie from Central Florida. I love

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Speaker 4: the show. I have a question. I have a credit

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Speaker 4: card and an auto loan through Capital One. I recently

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Speaker 4: applied for a higher credit limit on my credit card.

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Speaker 4: When I received my letter that they declined me, one

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Speaker 4: of the reasons was pending legal action. I called to

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Speaker 4: verify what this was. They've told me I have an

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Speaker 4: old debt through Capital One from two thousand and seven.

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Speaker 4: So I have two questions. The first one, why didn't

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Speaker 4: this come up when I originally applied for the credit card,

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Speaker 4: which is a few years old. We just recently refinanced

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Speaker 4: the car with them and it never came up. And

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Speaker 4: two can they legally still collect on that debt? And

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Speaker 4: what are my options? I thank you both. I love

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Speaker 4: the show and I've been trying to do good paying

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Speaker 4: everything off, and I appreciate your input.

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Speaker 1: Have a great day, all right, Stephanie, thank you for

435
00:19:34,640 --> 00:19:37,000
Speaker 1: that question, and we are sorry to hear this. This

436
00:19:37,040 --> 00:19:40,600
Speaker 1: is no bueno A nice little surprise, little blast in

437
00:19:40,680 --> 00:19:42,080
Speaker 1: the past. Yeah, to show like that.

438
00:19:42,240 --> 00:19:45,840
Speaker 2: Some blasters in the past, they're fun, like when Encino

439
00:19:45,920 --> 00:19:47,800
Speaker 2: Man comes on TV and you're like, oh, Polly, sure

440
00:19:47,800 --> 00:19:49,200
Speaker 2: he was so good back in the right.

441
00:19:49,200 --> 00:19:51,760
Speaker 1: You know, man, is that where he's like the Caveman. Yeah,

442
00:19:51,440 --> 00:19:53,880
Speaker 1: oh my gosh. I actually haven't seen it a long time,

443
00:19:54,040 --> 00:19:55,679
Speaker 1: but I would totally rewatch it. What made you think

444
00:19:55,680 --> 00:19:56,000
Speaker 1: about that?

445
00:19:56,040 --> 00:19:56,320
Speaker 4: I don't know.

446
00:19:56,320 --> 00:19:57,720
Speaker 1: I was just saying about this blast in the past,

447
00:19:57,800 --> 00:19:59,840
Speaker 1: not such a good. That's a good Honestly, it seems

448
00:20:00,440 --> 00:20:03,240
Speaker 1: that it has not come up until now, and she's

449
00:20:03,280 --> 00:20:06,600
Speaker 1: asking so part of her question is why was this

450
00:20:06,640 --> 00:20:09,360
Speaker 1: something that they overlooked before. My guess is that Capital

451
00:20:09,359 --> 00:20:12,399
Speaker 1: one is just such a big organization. It's an instance

452
00:20:12,440 --> 00:20:14,520
Speaker 1: where like the left hand might not know what the

453
00:20:14,600 --> 00:20:17,320
Speaker 1: right hand is doing. And when you're applying for a

454
00:20:17,320 --> 00:20:19,879
Speaker 1: credit card, typically they're looking solely at their credits, at

455
00:20:19,920 --> 00:20:22,560
Speaker 1: your credit score. But I'm also shocked that they then

456
00:20:22,640 --> 00:20:25,399
Speaker 1: dug deeper when you ask for a credit line increase,

457
00:20:25,400 --> 00:20:28,280
Speaker 1: which is typically like an automated thing like that's something

458
00:20:28,359 --> 00:20:30,880
Speaker 1: you can do typically from sometimes from the different card issuers,

459
00:20:30,880 --> 00:20:32,879
Speaker 1: from like the chat box where it's just like I

460
00:20:32,880 --> 00:20:35,320
Speaker 1: would like a higher increase, which, by the way.

461
00:20:35,200 --> 00:20:36,920
Speaker 2: It's like someone dug through the files when she asked

462
00:20:36,920 --> 00:20:39,640
Speaker 2: her that one that one request randomly doesn't make any

463
00:20:39,680 --> 00:20:41,280
Speaker 2: sense at all. And I was going to share a story,

464
00:20:41,280 --> 00:20:43,560
Speaker 2: but maybe I'll say it for another episode of using

465
00:20:43,600 --> 00:20:46,800
Speaker 2: a chat box to my advantage. But it Stephanie not

466
00:20:46,920 --> 00:20:49,600
Speaker 2: totally sure why it is that this is something that

467
00:20:49,680 --> 00:20:52,760
Speaker 2: has recently come up. Yeah, but let's talk about kind

468
00:20:52,760 --> 00:20:55,440
Speaker 2: of what it means for you, and so, like, what

469
00:20:55,520 --> 00:20:58,680
Speaker 2: should you do about a debt that you have from

470
00:20:58,680 --> 00:21:00,600
Speaker 2: all the way back in two thousand and seven. And

471
00:21:00,640 --> 00:21:02,280
Speaker 2: we'll get to the legal side in just a second.

472
00:21:02,359 --> 00:21:04,600
Speaker 2: But I guess I would just start it off by saying,

473
00:21:04,640 --> 00:21:06,440
Speaker 2: if this is a debt that you can easily pay off,

474
00:21:06,720 --> 00:21:08,600
Speaker 2: especially since it sounds like you do a lot of

475
00:21:08,600 --> 00:21:11,560
Speaker 2: business with Capital One, you have multiple accounts with them currently,

476
00:21:12,040 --> 00:21:14,480
Speaker 2: I guess i'd suggest paying off that debt completely. Let's

477
00:21:14,480 --> 00:21:17,080
Speaker 2: say it's a couple hundred bucks, why not just eliminate it,

478
00:21:17,240 --> 00:21:19,639
Speaker 2: be done with it, and kind of clear the slate

479
00:21:20,320 --> 00:21:23,439
Speaker 2: so that your relationship with Capital one is good to

480
00:21:23,480 --> 00:21:26,760
Speaker 2: go from henceforth. And so if it's more than you

481
00:21:26,760 --> 00:21:30,159
Speaker 2: can afford, though, it's not smart to make any payment.

482
00:21:30,640 --> 00:21:32,359
Speaker 2: Don't even pay like ten bucks, be like, oh, let

483
00:21:32,400 --> 00:21:34,200
Speaker 2: me throw your bone and pay you ten bucks, because

484
00:21:34,200 --> 00:21:37,080
Speaker 2: that could actually restart the clock on that debt exactly,

485
00:21:37,160 --> 00:21:39,240
Speaker 2: taking it from an seven debt to a twenty twenty

486
00:21:39,280 --> 00:21:42,440
Speaker 2: four debt. And that's a big problem because then now

487
00:21:42,480 --> 00:21:45,040
Speaker 2: you owe the full thing and and they're gonna pester

488
00:21:45,080 --> 00:21:45,320
Speaker 2: you for it.

489
00:21:45,400 --> 00:21:48,000
Speaker 1: Yeah, partial payments, but even like depending on the state,

490
00:21:48,119 --> 00:21:51,240
Speaker 1: like even acknowledging or even admitting the fact that that

491
00:21:51,560 --> 00:21:54,320
Speaker 1: is the debt that exists, shows activity on that debt,

492
00:21:54,480 --> 00:21:56,320
Speaker 1: and so you have to be really careful with how

493
00:21:56,359 --> 00:21:59,280
Speaker 1: it is that you correspond. You talk about that previous

494
00:21:59,320 --> 00:22:01,520
Speaker 1: debt with Andy'll be like, oh my current debt with you?

495
00:22:01,560 --> 00:22:02,520
Speaker 1: I mean yea yea yea yeah.

496
00:22:02,520 --> 00:22:03,879
Speaker 2: Even that kind of language could you get you in

497
00:22:03,920 --> 00:22:06,080
Speaker 2: hot water. And by the way, if you're not sure

498
00:22:06,119 --> 00:22:07,840
Speaker 2: the debt is accurate, it would be a good idea

499
00:22:07,960 --> 00:22:11,399
Speaker 2: to finally written dispute the consumer Fotancial Protection. Yeah has

500
00:22:11,400 --> 00:22:12,960
Speaker 2: a great guy on this that we'll link to. But

501
00:22:13,200 --> 00:22:15,600
Speaker 2: if it's totally illegitimate, if you like, I don't even

502
00:22:15,640 --> 00:22:18,159
Speaker 2: remember that, I don't think this is legit, Like maybe

503
00:22:18,240 --> 00:22:20,640
Speaker 2: it's made up, because that happens sometimes. Obviously you don't

504
00:22:20,680 --> 00:22:22,919
Speaker 2: know it at all because it's fraud, but it sounds

505
00:22:22,920 --> 00:22:23,640
Speaker 2: like in this case.

506
00:22:23,480 --> 00:22:25,280
Speaker 1: You're like, oh yeah, if I kind of remember that,

507
00:22:26,359 --> 00:22:29,680
Speaker 1: but if you again, were you to sort of reactivate

508
00:22:29,880 --> 00:22:31,960
Speaker 1: that debt, like it's sort of like waking it from

509
00:22:32,000 --> 00:22:37,280
Speaker 1: its slumber. It's called tolling the debts man when he's

510
00:22:37,280 --> 00:22:38,480
Speaker 1: like in a block of ice, right, they have to

511
00:22:38,520 --> 00:22:41,359
Speaker 1: warm them up yet again. Okay, so onto the legal

512
00:22:41,440 --> 00:22:44,320
Speaker 1: side of things, Stephanie. We're not lawyers, but it's I

513
00:22:44,359 --> 00:22:46,520
Speaker 1: didn't sleep at a holiday and last night. All right, enough

514
00:22:46,720 --> 00:22:50,760
Speaker 1: of your pop culture references from ten to twenty years.

515
00:22:51,320 --> 00:22:53,920
Speaker 1: It is important to know what the statute of limitations

516
00:22:54,000 --> 00:22:57,040
Speaker 1: are there in your state of Florida. Basically, what that

517
00:22:57,080 --> 00:22:58,840
Speaker 1: means is that if a company you will money too,

518
00:22:58,880 --> 00:23:02,640
Speaker 1: if they snooze past a certain point, they lose legally

519
00:23:02,960 --> 00:23:05,240
Speaker 1: they no longer have the ability to sue you in

520
00:23:05,320 --> 00:23:08,240
Speaker 1: order to get that money back, even if you technically

521
00:23:08,280 --> 00:23:11,560
Speaker 1: still owe it. And in Florida, the statute of limitations

522
00:23:11,640 --> 00:23:15,160
Speaker 1: is five years on credit card debt, which means capital one,

523
00:23:15,200 --> 00:23:17,080
Speaker 1: they lost the legal right to take you to court.

524
00:23:17,560 --> 00:23:20,000
Speaker 1: Were they attempted to do so, it would just be dismissed.

525
00:23:20,000 --> 00:23:21,920
Speaker 1: They lost that right back in twenty twelve. Yeah, we're

526
00:23:21,920 --> 00:23:24,679
Speaker 1: talking about nearly twenty years ago. If they tried to

527
00:23:24,720 --> 00:23:27,560
Speaker 1: do that, that case would be dismissed unless they could

528
00:23:27,600 --> 00:23:30,120
Speaker 1: prove that there was recent activity on that debt. So again,

529
00:23:30,240 --> 00:23:31,159
Speaker 1: don't talk to them about it.

530
00:23:31,200 --> 00:23:34,080
Speaker 2: Yeah, yeah, we don't talk about Bruno.

531
00:23:34,359 --> 00:23:36,280
Speaker 1: That's right level kind of stuff. Oh man, it's a

532
00:23:36,320 --> 00:23:38,159
Speaker 1: current pop culture. I was trying to get something a

533
00:23:38,200 --> 00:23:39,160
Speaker 1: little more recently done.

534
00:23:39,680 --> 00:23:42,440
Speaker 2: Our listeners were abandoning this podcast in full force based

535
00:23:42,480 --> 00:23:44,920
Speaker 2: on thank you for bringing us back to relevance. Oh kay,

536
00:23:45,000 --> 00:23:47,000
Speaker 2: let's keep keep talking about that. But the debt can

537
00:23:47,040 --> 00:23:49,680
Speaker 2: no longer be legally reported to the credit bureaus either,

538
00:23:49,960 --> 00:23:52,359
Speaker 2: So this is really important. So this doesn't actually impact

539
00:23:52,480 --> 00:23:55,679
Speaker 2: your credit score or your credit report thanks to the

540
00:23:55,680 --> 00:23:59,679
Speaker 2: Fair Credit Reporting Act because that Act specifically imposes a

541
00:23:59,720 --> 00:24:03,920
Speaker 2: seven year max reporting window. So this debt isn't impacting it.

542
00:24:04,080 --> 00:24:06,280
Speaker 2: It's basically something that Capital One knows about and that

543
00:24:06,359 --> 00:24:06,920
Speaker 2: you know about.

544
00:24:07,040 --> 00:24:09,560
Speaker 1: They know about it in house. Nobody else knows it obviously,

545
00:24:09,600 --> 00:24:10,760
Speaker 1: because they've they brought it up.

546
00:24:10,840 --> 00:24:12,200
Speaker 2: Yeah, well, I guess you and I know about it,

547
00:24:12,240 --> 00:24:13,760
Speaker 2: and all of our listeners too at this point already knows.

548
00:24:14,040 --> 00:24:16,240
Speaker 2: Nobody else knows about it. None of these other financial

549
00:24:16,280 --> 00:24:19,879
Speaker 2: institutions your social securities that you might want to get

550
00:24:19,920 --> 00:24:21,679
Speaker 2: alan with. It's not going to impact you. You go

551
00:24:21,760 --> 00:24:24,399
Speaker 2: to another bank to open a credit card, to get

552
00:24:24,440 --> 00:24:26,280
Speaker 2: a loan on a home or a car or something

553
00:24:26,320 --> 00:24:28,840
Speaker 2: like that, and it's going to be like this never existed.

554
00:24:28,960 --> 00:24:30,919
Speaker 2: They're none the wiser. So this is good news for you.

555
00:24:31,240 --> 00:24:34,199
Speaker 2: And again, it's not like they're reaching out, you know,

556
00:24:34,560 --> 00:24:37,199
Speaker 2: asking you to pay this insanely old debt. They're just

557
00:24:37,240 --> 00:24:39,639
Speaker 2: refusing to give you that credit line increase because of it.

558
00:24:39,680 --> 00:24:42,440
Speaker 2: So I just make sure to pay your car loan

559
00:24:42,480 --> 00:24:44,440
Speaker 2: off as agreed with Capital One, to pay your credit

560
00:24:44,480 --> 00:24:46,520
Speaker 2: card bill on time and in full every month. And

561
00:24:46,560 --> 00:24:48,680
Speaker 2: I just also make sure that I had a decent

562
00:24:48,720 --> 00:24:52,639
Speaker 2: relationship with another bank in case Capital One starts to

563
00:24:52,800 --> 00:24:56,200
Speaker 2: get a little frisky because of this debt and maybe

564
00:24:56,320 --> 00:24:58,920
Speaker 2: starts to punish you in other ways. Just have another

565
00:24:58,960 --> 00:25:01,720
Speaker 2: credit card somewhere else, have a bank account somewhere else

566
00:25:01,760 --> 00:25:05,560
Speaker 2: as well, maybe one from another issuer right like Chase

567
00:25:05,640 --> 00:25:09,000
Speaker 2: or something like that. Sure, and it's unlikely the Capital

568
00:25:09,040 --> 00:25:11,280
Speaker 2: One is going to make a stink about this seventeen

569
00:25:11,359 --> 00:25:13,359
Speaker 2: year old debt, but better safe than sorry.

570
00:25:13,080 --> 00:25:15,560
Speaker 1: That's right. Yeah, And maybe we'll link to one of

571
00:25:15,560 --> 00:25:18,000
Speaker 1: the old articles we wrote a couple of years ago

572
00:25:18,000 --> 00:25:20,240
Speaker 1: about the different credit cards that we keep in our

573
00:25:20,280 --> 00:25:23,320
Speaker 1: wallet if you're looking for some of the different benefits

574
00:25:23,320 --> 00:25:24,760
Speaker 1: that you might want to take advantage of with some

575
00:25:24,760 --> 00:25:26,840
Speaker 1: of the different providers. But that being said, that doesn't

576
00:25:26,880 --> 00:25:28,520
Speaker 1: mean you need to go and like cancel this Capitol

577
00:25:28,560 --> 00:25:31,200
Speaker 1: One car because I'm guessing based on how you're talking

578
00:25:31,200 --> 00:25:34,439
Speaker 1: about it, it sounds like this is a card and

579
00:25:34,480 --> 00:25:36,680
Speaker 1: a relationship that you've had with them for a long time.

580
00:25:36,720 --> 00:25:40,520
Speaker 1: So it's likely not only the largest source of a

581
00:25:40,560 --> 00:25:42,880
Speaker 1: credit that's available to you, but most likely it's also

582
00:25:43,359 --> 00:25:45,600
Speaker 1: your oldest line of credit and you don't want to

583
00:25:45,720 --> 00:25:48,800
Speaker 1: eliminate that. But Joel is here from a listener and

584
00:25:49,000 --> 00:25:52,520
Speaker 1: he has a question about a new expense as a

585
00:25:52,520 --> 00:25:53,159
Speaker 1: new parent.

586
00:25:53,640 --> 00:25:56,440
Speaker 5: I met and Joel. My name is Nick from North Carolina,

587
00:25:56,600 --> 00:25:58,679
Speaker 5: and I have a frugal or cheap question for you.

588
00:25:59,200 --> 00:26:01,960
Speaker 5: I have an eighteen month old son. Until recently, when

589
00:26:02,000 --> 00:26:04,000
Speaker 5: my wife and I have gone out to eat, we

590
00:26:04,040 --> 00:26:06,280
Speaker 5: would just have some baby food or something small like

591
00:26:06,320 --> 00:26:08,800
Speaker 5: a banana for him to eat. It seemed fine to

592
00:26:08,800 --> 00:26:11,280
Speaker 5: bring this food into the restaurant since he was just

593
00:26:11,320 --> 00:26:14,000
Speaker 5: a baby and mostly eating foods that wouldn't be served

594
00:26:14,040 --> 00:26:17,159
Speaker 5: at a restaurant. Over the past few months, however, he

595
00:26:17,200 --> 00:26:19,440
Speaker 5: has started eating full meals and we have started ordering

596
00:26:19,480 --> 00:26:22,640
Speaker 5: from the Kid's menu for him as anytime their parent knows,

597
00:26:22,720 --> 00:26:25,280
Speaker 5: though it is almost impossible to know whether he will

598
00:26:25,280 --> 00:26:27,639
Speaker 5: finish the entire meal or not eat a bite before

599
00:26:27,680 --> 00:26:30,159
Speaker 5: actually putting the food in front of him. It's not

600
00:26:30,280 --> 00:26:32,760
Speaker 5: much money, but it still stings to pay seven dollars

601
00:26:32,760 --> 00:26:35,520
Speaker 5: for a krilled cheese that doesn't get touched. On top

602
00:26:35,560 --> 00:26:38,600
Speaker 5: of this, it's not a gourmet sandwich, but often two slight,

603
00:26:38,680 --> 00:26:41,240
Speaker 5: lightly toasted slices of white bread with some half melted

604
00:26:41,320 --> 00:26:44,120
Speaker 5: cheese slices in the middle, something that would cost under

605
00:26:44,160 --> 00:26:46,440
Speaker 5: a dollar in about five minutes to make at home.

606
00:26:46,840 --> 00:26:49,160
Speaker 5: So my question is whether it is frugal or cheap

607
00:26:49,280 --> 00:26:51,520
Speaker 5: to make my kid his own meal and bring that

608
00:26:51,600 --> 00:26:52,520
Speaker 5: into a restaurant.

609
00:26:52,920 --> 00:26:55,399
Speaker 2: Thank you, man, I think you and I can both agree.

610
00:26:55,400 --> 00:26:58,639
Speaker 2: The only real frugal answer to this question is always got.

611
00:26:58,480 --> 00:27:01,840
Speaker 1: To eat at Costco joke about the dollar fifty combo,

612
00:27:02,040 --> 00:27:05,560
Speaker 1: that is still literally something I have never eaten. Yeah,

613
00:27:05,640 --> 00:27:07,879
Speaker 1: like we so any time, like I'm touching you for that,

614
00:27:07,880 --> 00:27:10,560
Speaker 1: we'll post a little videos or pictures whatever. When you

615
00:27:10,600 --> 00:27:12,639
Speaker 1: and I will go there on the on every other

616
00:27:12,680 --> 00:27:14,720
Speaker 1: Fridays we have pizza movie night with our families. We'll

617
00:27:14,760 --> 00:27:17,720
Speaker 1: go there and we get two large pizzas, one full

618
00:27:17,760 --> 00:27:20,960
Speaker 1: pepperoni and one half and half the half cheese half pepperoni. Yeah,

619
00:27:21,000 --> 00:27:23,199
Speaker 1: but uh, we never get the hot never had. I

620
00:27:23,240 --> 00:27:25,080
Speaker 1: literally have never you know, like I get the hot

621
00:27:25,119 --> 00:27:28,679
Speaker 1: dogs kids there sometimes if you're shopping there on the weekends,

622
00:27:28,720 --> 00:27:30,360
Speaker 1: getting groceries kind of thing, which is, by the way,

623
00:27:30,400 --> 00:27:33,800
Speaker 1: the worst time. Oh true, it's a good dude. I

624
00:27:33,840 --> 00:27:36,639
Speaker 1: recently went there like twenty minutes before they close on

625
00:27:36,680 --> 00:27:38,080
Speaker 1: a night that it was raining. I had the whole

626
00:27:38,119 --> 00:27:40,760
Speaker 1: place to myself. It was kind of weird, did feel

627
00:27:40,800 --> 00:27:44,080
Speaker 1: like curious, it was. Yeah, it's kind of spooky actually.

628
00:27:44,840 --> 00:27:46,919
Speaker 2: All right, Well, so yeah, if you're not prone to

629
00:27:47,320 --> 00:27:50,399
Speaker 2: making you every meal Costco Center, then we'll offer our

630
00:27:50,480 --> 00:27:50,960
Speaker 2: other thoughts.

631
00:27:51,080 --> 00:27:53,400
Speaker 1: Nick, there are other restaurants and food course might want

632
00:27:53,400 --> 00:27:53,680
Speaker 1: to is.

633
00:27:53,680 --> 00:27:55,800
Speaker 2: Right, and it's true. Like kids grow up, they start

634
00:27:55,840 --> 00:27:57,800
Speaker 2: eating more and you're kind of like, oh man, this

635
00:27:58,320 --> 00:28:00,960
Speaker 2: is gonna cost me some money. I'm some mornings, Matt,

636
00:28:01,000 --> 00:28:02,919
Speaker 2: I'm fascinated with how much my kids put away. But

637
00:28:02,960 --> 00:28:04,840
Speaker 2: then other mornings they eat like next to nothing. And

638
00:28:04,880 --> 00:28:07,320
Speaker 2: so that's part of the frustration too. They keep you guessing,

639
00:28:07,320 --> 00:28:08,800
Speaker 2: and when you go out to eat, you're like, if

640
00:28:08,800 --> 00:28:10,840
Speaker 2: I know you're gonna eat this, I have no problem, yeah,

641
00:28:10,920 --> 00:28:13,399
Speaker 2: spending the money on it. But then if you're picky

642
00:28:13,600 --> 00:28:15,840
Speaker 2: or going through a hunger strike, all of a sudden,

643
00:28:15,840 --> 00:28:17,800
Speaker 2: I just paid nine dollars or six dollars or whatever

644
00:28:17,840 --> 00:28:19,560
Speaker 2: for that kid's meal thing, and.

645
00:28:19,640 --> 00:28:22,080
Speaker 1: So you're touching it for making me make my bed. Dad,

646
00:28:22,160 --> 00:28:24,879
Speaker 1: that's right, Well, dude, it's just expensive as well. Like

647
00:28:24,920 --> 00:28:28,159
Speaker 1: I remember transitioning from when Kate and I would go

648
00:28:28,240 --> 00:28:30,919
Speaker 1: out and we're just paying for two meals to then okay,

649
00:28:30,960 --> 00:28:32,920
Speaker 1: now we're paying for three meals. Oh, now we're paying

650
00:28:32,960 --> 00:28:35,240
Speaker 1: for four or five. Oh we're paying for six meals.

651
00:28:35,240 --> 00:28:38,320
Speaker 1: Now when we go out, there's a's jarring triple word

652
00:28:38,360 --> 00:28:40,840
Speaker 1: score that like in the worst way possible when it

653
00:28:40,880 --> 00:28:42,280
Speaker 1: comes to our entertainment, budget.

654
00:28:42,320 --> 00:28:44,880
Speaker 2: It's the same thing when you book flights now as

655
00:28:44,920 --> 00:28:48,160
Speaker 2: a family, Like I'm walking six seats and this gets

656
00:28:48,720 --> 00:28:51,160
Speaker 2: it's so painful that lat baby face is the best

657
00:28:52,200 --> 00:28:54,600
Speaker 2: or yeah, Southwest Companion past baby. But is this frugal

658
00:28:54,640 --> 00:28:56,560
Speaker 2: or cheap? I'm kind of torn, Like I'm not sure

659
00:28:56,600 --> 00:28:58,880
Speaker 2: at what age it becomes cheap, but it would definitely

660
00:28:58,920 --> 00:29:00,920
Speaker 2: be cheap for us. I would say to do this

661
00:29:00,960 --> 00:29:03,160
Speaker 2: at this point because our kids are elementary school aged,

662
00:29:04,040 --> 00:29:06,040
Speaker 2: too late in the game for that. But at eighteen months,

663
00:29:06,080 --> 00:29:08,000
Speaker 2: I think if you brought some apple slices and half

664
00:29:08,040 --> 00:29:09,200
Speaker 2: a girled cheese or something.

665
00:29:08,960 --> 00:29:10,440
Speaker 1: Like that, I think you can get away with it.

666
00:29:10,640 --> 00:29:12,360
Speaker 2: But you're not gonna be able to for much longer,

667
00:29:12,520 --> 00:29:15,200
Speaker 2: and so in the near future, I guess I think

668
00:29:15,200 --> 00:29:17,400
Speaker 2: you're gonna need to pony up to prevent yourself from

669
00:29:17,440 --> 00:29:19,960
Speaker 2: being weird or really venturing into that cheap territory.

670
00:29:20,000 --> 00:29:21,520
Speaker 1: Yeah, I don't think they're there yet, right, like just

671
00:29:21,520 --> 00:29:24,440
Speaker 1: showing up with the banana and honestly, like kids have

672
00:29:24,480 --> 00:29:29,360
Speaker 1: different dietary restrictions and needs today, like no server is

673
00:29:29,400 --> 00:29:31,600
Speaker 1: gonna look at you weird, yeah, because then you'd be

674
00:29:31,600 --> 00:29:33,760
Speaker 1: like what you're gonna say something about my kid eating

675
00:29:33,760 --> 00:29:36,000
Speaker 1: a special food. Say, I think about the dog I

676
00:29:36,040 --> 00:29:39,080
Speaker 1: bring in, who I say is a service animal. That's right, Okay,

677
00:29:39,120 --> 00:29:41,160
Speaker 1: So one option I think is just to let them

678
00:29:41,160 --> 00:29:43,240
Speaker 1: eat some of your meal, because then I feel like,

679
00:29:43,360 --> 00:29:45,840
Speaker 1: sort of like we're talking with Tyler about easing into

680
00:29:45,840 --> 00:29:48,160
Speaker 1: real estate investing, this is the way to ease into

681
00:29:48,160 --> 00:29:51,360
Speaker 1: figuring out what it is that your your kid likes. Like,

682
00:29:51,400 --> 00:29:53,640
Speaker 1: do they like French fries? Of course they're gonna love

683
00:29:53,680 --> 00:29:56,320
Speaker 1: French fries. Do they like that otamame? Depends how much

684
00:29:56,360 --> 00:29:59,120
Speaker 1: guardic there is. It's a fifty to fifty to salt,

685
00:29:59,520 --> 00:30:02,640
Speaker 1: that's true. But I mean, bottom line, like, we all

686
00:30:02,680 --> 00:30:06,040
Speaker 1: know that portion sizes in American restaurants, they are large.

687
00:30:06,040 --> 00:30:09,080
Speaker 1: They're often bigger than one person can or should eat.

688
00:30:09,400 --> 00:30:11,200
Speaker 1: I think you can just ask for a couple small plates,

689
00:30:11,480 --> 00:30:14,040
Speaker 1: and you could give your little dude a small helping

690
00:30:14,080 --> 00:30:16,400
Speaker 1: of whatever it is that you're enjoying. I don't think

691
00:30:16,400 --> 00:30:19,800
Speaker 1: that's cheap. Like even some couples will split an entree.

692
00:30:19,840 --> 00:30:22,160
Speaker 1: Kate and I we do this often. I'm totally fine

693
00:30:22,200 --> 00:30:24,760
Speaker 1: with that. I would be perhaps maybe a little more

694
00:30:24,800 --> 00:30:27,440
Speaker 1: generous with my tip in that case, because it's like, well,

695
00:30:27,480 --> 00:30:31,120
Speaker 1: they're serving two people, they're doing something a little extra

696
00:30:31,200 --> 00:30:33,040
Speaker 1: for you, and I think that's the way you can

697
00:30:33,120 --> 00:30:36,440
Speaker 1: kind of offset the larger additional cost of an extra

698
00:30:36,720 --> 00:30:39,360
Speaker 1: entree with just an extra buck or two in the tip. Yeah,

699
00:30:39,360 --> 00:30:41,840
Speaker 1: which also makes me think about, Man, Okay, take that

700
00:30:41,880 --> 00:30:45,080
Speaker 1: into account when you do have kids, especially multiple kids,

701
00:30:45,160 --> 00:30:47,880
Speaker 1: because we're trying to teach our kids how to eat

702
00:30:47,920 --> 00:30:50,720
Speaker 1: properly and how to be functioning adults out in a restaurant.

703
00:30:50,760 --> 00:30:53,320
Speaker 1: But inevitably they're going to make more of a mess

704
00:30:53,400 --> 00:30:56,120
Speaker 1: than you do. And so depending on how large of

705
00:30:56,160 --> 00:30:59,000
Speaker 1: a mess they make, you might want to also increase

706
00:30:59,720 --> 00:31:02,360
Speaker 1: that hip as well. But if you clean it up yourself,

707
00:31:02,720 --> 00:31:06,360
Speaker 1: all right, back to normal tip, I think that's totally fine. Yeah,

708
00:31:06,400 --> 00:31:08,880
Speaker 1: I think that's totally frugal. But if they're making a

709
00:31:08,920 --> 00:31:12,280
Speaker 1: whole lot of noise, maybe perhaps they're disturbing other patrons,

710
00:31:12,320 --> 00:31:14,520
Speaker 1: other diners at the restaurant. All right, go back to

711
00:31:14,680 --> 00:31:18,240
Speaker 1: raising the tip. It's a how much discomfort. It's a

712
00:31:18,280 --> 00:31:20,920
Speaker 1: fine balance. He's your child causing tips. Rely that you

713
00:31:21,000 --> 00:31:22,280
Speaker 1: have to keep in mind when it comes to going

714
00:31:22,280 --> 00:31:23,160
Speaker 1: out to eat with your kids.

715
00:31:23,240 --> 00:31:24,880
Speaker 2: Well, and at part of that Matt, I think at

716
00:31:24,920 --> 00:31:27,000
Speaker 2: some point you're also trying to teach them manners and

717
00:31:27,000 --> 00:31:28,040
Speaker 2: how to behave in a restaurant.

718
00:31:28,120 --> 00:31:29,000
Speaker 1: Yeah, part of them is.

719
00:31:29,120 --> 00:31:31,920
Speaker 2: Part of that is like well yeah, watching their behavior,

720
00:31:31,960 --> 00:31:33,480
Speaker 2: but part of that is also letting them order and

721
00:31:33,560 --> 00:31:35,960
Speaker 2: not throwing their food. Yeah, and like, hey, what is

722
00:31:36,000 --> 00:31:37,840
Speaker 2: it that you want? Like letting them order off the

723
00:31:37,880 --> 00:31:39,960
Speaker 2: man you figure out what they like. True, again, Nick's

724
00:31:40,040 --> 00:31:42,600
Speaker 2: child sounds like pretty young. Maybe not quite to that level,

725
00:31:42,640 --> 00:31:44,520
Speaker 2: but that's kind of an exciting place to get to

726
00:31:44,560 --> 00:31:46,440
Speaker 2: even though you're paying for it.

727
00:31:46,680 --> 00:31:48,320
Speaker 1: But then you get to go to a Chinese restaurant

728
00:31:48,400 --> 00:31:50,000
Speaker 1: where there's pictures and then he can point.

729
00:31:49,840 --> 00:31:52,719
Speaker 2: That's right, Yeah, exactly exactly. So I would just say, Nick,

730
00:31:52,760 --> 00:31:55,280
Speaker 2: start budgeting more for eating out, or reduce how much

731
00:31:55,320 --> 00:31:57,479
Speaker 2: you're eating out by once a month or so, so

732
00:31:57,520 --> 00:31:59,320
Speaker 2: that he can start ordering his own food in the

733
00:31:59,320 --> 00:32:02,960
Speaker 2: near future, like when he's ready. And oh, one other tip, Matt,

734
00:32:03,200 --> 00:32:05,280
Speaker 2: be sure to watch out for restaurants that allow kids

735
00:32:05,320 --> 00:32:07,480
Speaker 2: to eat free on certain nights. Okay, Yeah, there's like

736
00:32:07,520 --> 00:32:09,959
Speaker 2: a taco joint, you know, right around the corner, and

737
00:32:10,160 --> 00:32:12,040
Speaker 2: is it like Tuesday nights kids eat free, And so

738
00:32:12,680 --> 00:32:17,080
Speaker 2: that's a perfect night to go there, No uh takarunami

739
00:32:18,320 --> 00:32:21,000
Speaker 2: free kids. Yeah, And like you just google like kids

740
00:32:21,000 --> 00:32:22,880
Speaker 2: eat free in your area sort of thing, you'll come

741
00:32:22,960 --> 00:32:25,080
Speaker 2: up with a list of restaurants typically that have that.

742
00:32:25,200 --> 00:32:27,360
Speaker 1: And so there's plenty of mom dad bloggers out there

743
00:32:27,560 --> 00:32:29,920
Speaker 1: that are writing about where they feed their kids for free.

744
00:32:29,960 --> 00:32:32,440
Speaker 2: And that's that's a way to you know, actually get

745
00:32:32,440 --> 00:32:35,440
Speaker 2: the restaurant experience, allow your child to order, not feel

746
00:32:35,440 --> 00:32:37,400
Speaker 2: like a cheap skate, but hey, you're still taking advantage

747
00:32:37,440 --> 00:32:39,000
Speaker 2: of the deal. So I like that as like a

748
00:32:39,000 --> 00:32:40,880
Speaker 2: real happy medium, especially as your kid is just a

749
00:32:40,920 --> 00:32:43,400
Speaker 2: little bit older, they're gonna need to order real food,

750
00:32:43,520 --> 00:32:45,520
Speaker 2: and this is that's your chance to be able to

751
00:32:45,520 --> 00:32:47,480
Speaker 2: get the real food for them, give them the full

752
00:32:47,520 --> 00:32:49,600
Speaker 2: restaurant ordering experience without pain the dime.

753
00:32:49,720 --> 00:32:51,680
Speaker 1: Yeah. Yeah, I think what you said about teaching them

754
00:32:51,720 --> 00:32:54,040
Speaker 1: is so important here because like what I guess what

755
00:32:54,120 --> 00:32:56,280
Speaker 1: I don't want Nick to hear is that, oh yeah,

756
00:32:56,280 --> 00:33:00,760
Speaker 1: it's so expensive, you know, kiss your entertainment budget goodbye,

757
00:33:00,800 --> 00:33:02,520
Speaker 1: but it's worth it. Like I don't want you to

758
00:33:02,520 --> 00:33:04,920
Speaker 1: shy away from not from taking your kids out to

759
00:33:04,960 --> 00:33:07,560
Speaker 1: a restaurant. And I mean, we don't do it as

760
00:33:07,600 --> 00:33:10,080
Speaker 1: often as we used to. But I mean one of

761
00:33:10,120 --> 00:33:12,160
Speaker 1: the things we've started doing. I think you'll do this too, right,

762
00:33:12,280 --> 00:33:15,480
Speaker 1: But on the each kid's birthday, they get to go

763
00:33:15,480 --> 00:33:18,160
Speaker 1: with Kate and I on our date night. Yeah, it's

764
00:33:18,200 --> 00:33:19,560
Speaker 1: just a fun way for them to see what it's

765
00:33:19,640 --> 00:33:21,920
Speaker 1: like out there in the real world where you have

766
00:33:21,960 --> 00:33:25,760
Speaker 1: to behave and you're not allowed to just be totally crazy, rambunctious.

767
00:33:25,800 --> 00:33:27,560
Speaker 1: It's and just to see what it's like to go

768
00:33:27,600 --> 00:33:29,880
Speaker 1: on a date and you, like my three oldest are

769
00:33:29,920 --> 00:33:31,880
Speaker 1: girls like I want them to see me like opening

770
00:33:31,920 --> 00:33:34,640
Speaker 1: the door, and not because she can't open the door,

771
00:33:34,680 --> 00:33:38,160
Speaker 1: but because I'm showing mom respects by doing just There's

772
00:33:38,160 --> 00:33:41,040
Speaker 1: so many teaching moments, not only in like when it

773
00:33:41,040 --> 00:33:43,400
Speaker 1: comes to like real life, but also well, you know

774
00:33:43,440 --> 00:33:46,560
Speaker 1: how to hold yourself in order at a restaurant like

775
00:33:46,600 --> 00:33:48,760
Speaker 1: these are all great in the eye and place your

776
00:33:48,760 --> 00:33:51,960
Speaker 1: own order nick exactly. And by the way, don't forget

777
00:33:52,000 --> 00:33:53,640
Speaker 1: too if he doesn't eat all this food, this is

778
00:33:53,640 --> 00:33:56,239
Speaker 1: something you can take home. I'm all about leftovers, So

779
00:33:56,520 --> 00:33:58,680
Speaker 1: take that food home. We've heard this, and whether it's

780
00:33:59,280 --> 00:34:02,480
Speaker 1: making your kiddo eat that food or just you taking

781
00:34:02,480 --> 00:34:04,280
Speaker 1: it to work the next day, frying up an egg,

782
00:34:04,360 --> 00:34:06,080
Speaker 1: setting that bad boy on top of that case of

783
00:34:06,120 --> 00:34:09,279
Speaker 1: do you m sounds good to me? All right?

784
00:34:09,320 --> 00:34:11,839
Speaker 2: Yeah, So there's there's a hopefully a bunch of little

785
00:34:11,840 --> 00:34:14,319
Speaker 2: pieces of advice in their nick for you. Hopefully you're

786
00:34:14,440 --> 00:34:16,160
Speaker 2: still able to go out to eat enjoy that with

787
00:34:16,200 --> 00:34:18,640
Speaker 2: your family bottom line without breaking the bank. Frugal for now.

788
00:34:18,719 --> 00:34:20,399
Speaker 1: Yep, exactly there you Okay, Matt.

789
00:34:20,400 --> 00:34:22,320
Speaker 2: We got a couple more questions to get to, specifically

790
00:34:22,320 --> 00:34:26,080
Speaker 2: from Facebook listeners. Will hit those up, including one about

791
00:34:26,400 --> 00:34:27,840
Speaker 2: cheap home security systems.

792
00:34:27,880 --> 00:34:37,400
Speaker 1: We'll get through that right after this. All right, man,

793
00:34:37,480 --> 00:34:41,320
Speaker 1: we are back and we've got more personal finance money

794
00:34:41,360 --> 00:34:44,360
Speaker 1: content to get to today, and we've got our Facebook

795
00:34:44,400 --> 00:34:46,920
Speaker 1: question of the week. This one is from Rob and

796
00:34:47,200 --> 00:34:49,799
Speaker 1: he wrote, Joel and Matt always talk about how bad

797
00:34:50,080 --> 00:34:52,399
Speaker 1: buy now, pay later is, and I get it. It's

798
00:34:52,480 --> 00:34:54,759
Speaker 1: credit that can get you in trouble real quick. I've

799
00:34:54,760 --> 00:34:57,640
Speaker 1: never used it, but I'm tempted and I don't see

800
00:34:57,680 --> 00:34:59,799
Speaker 1: the issue if I have the money to cover it.

801
00:35:00,040 --> 00:35:02,960
Speaker 1: I'm looking at a large tech purchase and splitting the

802
00:35:02,960 --> 00:35:05,800
Speaker 1: bill over several months instead of one lump payment is appealing.

803
00:35:06,080 --> 00:35:09,080
Speaker 1: I can pay for it now. But why is there

804
00:35:09,120 --> 00:35:12,080
Speaker 1: really any harm in using this option? And here's the kicker,

805
00:35:12,120 --> 00:35:14,399
Speaker 1: here's a key piece of information that he wrote. He says,

806
00:35:14,640 --> 00:35:16,560
Speaker 1: I pay my credit cards off each month, and I

807
00:35:16,600 --> 00:35:19,799
Speaker 1: have no debt other than a mortgage. That's the game.

808
00:35:19,840 --> 00:35:22,080
Speaker 1: That's a game changer statement.

809
00:35:22,000 --> 00:35:24,920
Speaker 2: The important piece of information for sure for Rob to

810
00:35:24,920 --> 00:35:27,600
Speaker 2: have revealed. And he's right, Matt in some ways.

811
00:35:27,640 --> 00:35:27,759
Speaker 1: Right.

812
00:35:27,800 --> 00:35:30,719
Speaker 2: He makes a great point here, like credit cards aren't evil.

813
00:35:30,760 --> 00:35:34,200
Speaker 2: We don't think credit cards are evil. But the problem

814
00:35:34,520 --> 00:35:37,640
Speaker 2: isn't with the piece of plastic that might or might

815
00:35:37,680 --> 00:35:38,560
Speaker 2: not be in your wallet.

816
00:35:38,760 --> 00:35:41,480
Speaker 1: The problem is how half of America handles them. Right.

817
00:35:41,600 --> 00:35:43,799
Speaker 2: Sure, it's that they don't pay off their bill on

818
00:35:43,840 --> 00:35:46,239
Speaker 2: time and full. It's that it's that if you're not disciplined,

819
00:35:46,320 --> 00:35:48,560
Speaker 2: it can lead you down a path that really sucks

820
00:35:48,920 --> 00:35:51,600
Speaker 2: for your finances. It's the same thing with buy now,

821
00:35:51,600 --> 00:35:54,280
Speaker 2: pay later. It's also not evil in and of itself.

822
00:35:54,560 --> 00:35:56,319
Speaker 2: I guess maybe we talk about it though in more

823
00:35:56,360 --> 00:35:59,480
Speaker 2: disparaging terms. It's possible to use it in a way

824
00:35:59,520 --> 00:36:01,960
Speaker 2: that doesn't do harm to your finances. And if that's

825
00:36:01,960 --> 00:36:04,400
Speaker 2: something you want to pursue, like Rob, go for it.

826
00:36:04,440 --> 00:36:06,880
Speaker 2: You in particular because of the way you treat a

827
00:36:07,080 --> 00:36:08,719
Speaker 2: credit card debt the way you treat.

828
00:36:08,520 --> 00:36:09,280
Speaker 1: Debt in general.

829
00:36:09,760 --> 00:36:11,759
Speaker 2: You could do this and probably not run it fout,

830
00:36:11,800 --> 00:36:14,360
Speaker 2: probably not screw things up. But the reason we slam

831
00:36:14,400 --> 00:36:16,920
Speaker 2: by now pay later and actually recommend credit cards when

832
00:36:16,920 --> 00:36:19,680
Speaker 2: they're both financial tools that you could or might not

833
00:36:19,880 --> 00:36:22,160
Speaker 2: be able to use properly, is that one comes with

834
00:36:22,200 --> 00:36:25,080
Speaker 2: significant benefits and the other doesn't. That so by not

835
00:36:25,080 --> 00:36:27,560
Speaker 2: pay later, it's not enhancing your lifestyle, whereas a credit

836
00:36:27,600 --> 00:36:28,319
Speaker 2: card really can.

837
00:36:28,480 --> 00:36:30,600
Speaker 1: Yeah, so on the credit card front, it's nice that

838
00:36:30,640 --> 00:36:32,360
Speaker 1: you don't have to fork over your dollars at the

839
00:36:32,400 --> 00:36:34,400
Speaker 1: point of sale, right, But that's not the main reason

840
00:36:34,440 --> 00:36:36,200
Speaker 1: that we think they're great. It's not just delaying that

841
00:36:36,200 --> 00:36:38,960
Speaker 1: purchase until the end of the month. It's that they

842
00:36:39,000 --> 00:36:42,239
Speaker 1: also come with additional legal protections because of federal law.

843
00:36:42,400 --> 00:36:46,200
Speaker 1: For instance, you aren't responsible for unauthorized charges that actually

844
00:36:46,280 --> 00:36:50,960
Speaker 1: had I charged back a local what's it called car

845
00:36:51,120 --> 00:36:52,799
Speaker 1: wash place they were offering. It's like, hey, you can

846
00:36:52,840 --> 00:36:55,520
Speaker 1: pay for this car wash, or for two dollars less

847
00:36:55,520 --> 00:36:57,160
Speaker 1: you get the same car wash, but it's you're paying

848
00:36:57,160 --> 00:37:00,000
Speaker 1: for the entire month, and it's like, uh, that's an

849
00:37:00,080 --> 00:37:02,920
Speaker 1: no brainer. Basically, they're offering a discount if you sign up,

850
00:37:03,719 --> 00:37:06,560
Speaker 1: counting on folks not canceling. But of course I made

851
00:37:06,560 --> 00:37:09,959
Speaker 1: a note to myself to email and cancel. So I did,

852
00:37:10,320 --> 00:37:13,560
Speaker 1: and they responded and said canceled, and guess what happened

853
00:37:13,600 --> 00:37:15,920
Speaker 1: the following month they still charged, So I was charged again.

854
00:37:16,120 --> 00:37:17,800
Speaker 1: And so in that case, I guess I could have

855
00:37:17,840 --> 00:37:19,720
Speaker 1: reached out to them directly and been like, hey, guys,

856
00:37:19,760 --> 00:37:22,280
Speaker 1: can you but there's just an easy way to click

857
00:37:22,320 --> 00:37:25,000
Speaker 1: dispute charge and boom, I was able to take care

858
00:37:25,040 --> 00:37:27,239
Speaker 1: of that without having to actually pick up the phone

859
00:37:27,280 --> 00:37:29,160
Speaker 1: to make a call. But then on top of that,

860
00:37:29,200 --> 00:37:31,200
Speaker 1: like what we're talking about, here are the additional benefits,

861
00:37:31,200 --> 00:37:34,719
Speaker 1: and credit cards allow you to earn significant financial and

862
00:37:34,800 --> 00:37:37,719
Speaker 1: travel rewards of course as well. What about buy not

863
00:37:37,800 --> 00:37:40,120
Speaker 1: pay later. They don't do any of those things. All

864
00:37:40,160 --> 00:37:42,920
Speaker 1: you get is just the ability to pay in installments

865
00:37:42,960 --> 00:37:45,839
Speaker 1: and where you're not parted with that cash upfront. Yeah.

866
00:37:45,880 --> 00:37:48,719
Speaker 2: So specifically for somebody like Rob who is handling credit

867
00:37:48,800 --> 00:37:52,799
Speaker 2: cards defintely handling them incredibly well, hopefully earning rewards with

868
00:37:52,840 --> 00:37:55,480
Speaker 2: every purchase, think about this large purchase, Matt, this could

869
00:37:55,480 --> 00:37:58,480
Speaker 2: be the perfect time to earn a significant sign up

870
00:37:58,520 --> 00:38:00,880
Speaker 2: bonus from a card, which could be a free rouncher

871
00:38:00,960 --> 00:38:03,239
Speaker 2: flight or maybe even better than that, it could be

872
00:38:03,560 --> 00:38:06,080
Speaker 2: hundreds and hundreds and hundreds of dollars just by making

873
00:38:06,080 --> 00:38:08,920
Speaker 2: that one purchase. So why buy now, pay later instead

874
00:38:08,920 --> 00:38:11,319
Speaker 2: of a credit card when credit cards are superior in

875
00:38:11,400 --> 00:38:13,520
Speaker 2: so many different ways, and all buy now pay later

876
00:38:13,680 --> 00:38:17,759
Speaker 2: is doing is prolonging the pain of payments. So I

877
00:38:17,760 --> 00:38:20,560
Speaker 2: guess that's why we're biased against them. Rob It's not

878
00:38:20,600 --> 00:38:22,960
Speaker 2: that you can't play the optimization game and option for

879
00:38:23,000 --> 00:38:24,480
Speaker 2: not buy now, pay later, even if you have the

880
00:38:24,520 --> 00:38:26,680
Speaker 2: cash to pay for that item in full. It's just

881
00:38:26,719 --> 00:38:28,880
Speaker 2: that most people start to use buy now, pay later

882
00:38:28,920 --> 00:38:30,960
Speaker 2: and it gets out of control really quickly.

883
00:38:31,320 --> 00:38:33,360
Speaker 1: For me, that's the other biggest reason. It's not just

884
00:38:33,400 --> 00:38:36,080
Speaker 1: the benefits, it's the fact that each one of those

885
00:38:36,080 --> 00:38:38,640
Speaker 1: purchases basically it kind of like turns into its own

886
00:38:38,719 --> 00:38:41,200
Speaker 1: credit card, right Like, on one hand, you have a

887
00:38:41,239 --> 00:38:43,520
Speaker 1: single credit card that's easy to manage. You've got all

888
00:38:43,560 --> 00:38:47,160
Speaker 1: of your purchases funneling through that. Especially for folks who

889
00:38:47,239 --> 00:38:50,800
Speaker 1: are younger, who are early in their personal finance journey,

890
00:38:50,920 --> 00:38:52,480
Speaker 1: it can be difficult to keep up with all these

891
00:38:52,560 --> 00:38:54,200
Speaker 1: charges and all of a sudden you've got these accounts

892
00:38:54,200 --> 00:38:57,920
Speaker 1: and all these payments that you are responsible responsible for

893
00:38:57,920 --> 00:39:02,240
Speaker 1: for items that literally you've just all across the internet.

894
00:39:02,440 --> 00:39:04,800
Speaker 1: Like imagine if each purchase you made was almost like

895
00:39:04,840 --> 00:39:06,720
Speaker 1: its own credit card. That's kind of how I see

896
00:39:07,000 --> 00:39:09,400
Speaker 1: buy Now, Pay Later, which is why it can in

897
00:39:09,400 --> 00:39:11,719
Speaker 1: my mind, it can just get so overwhelming. That's the

898
00:39:11,719 --> 00:39:13,880
Speaker 1: other part of it that I just like so much. Yeah,

899
00:39:13,960 --> 00:39:16,040
Speaker 1: just the record keeping of it. U Yeah, right, exactly.

900
00:39:16,320 --> 00:39:18,080
Speaker 2: In the cons of buy Now, Pay Later, they just

901
00:39:18,120 --> 00:39:21,840
Speaker 2: don't come close to outweighing this minor optimization pro that

902
00:39:21,880 --> 00:39:23,759
Speaker 2: you could use to your advantage. And I guess so

903
00:39:23,840 --> 00:39:25,560
Speaker 2: much of it does come down to your personal discipline

904
00:39:25,640 --> 00:39:28,879
Speaker 2: level as well. If you say, no, no, I'm this

905
00:39:28,960 --> 00:39:31,480
Speaker 2: is I'm attracted to that offering that buy now, Pay

906
00:39:31,560 --> 00:39:34,680
Speaker 2: Later has and I'm super disciplined, then I'll never use

907
00:39:34,719 --> 00:39:36,480
Speaker 2: it in a way to buy more than I need.

908
00:39:36,640 --> 00:39:38,719
Speaker 2: It's really just for this one purchase. But again, I

909
00:39:38,719 --> 00:39:41,200
Speaker 2: would just costion you Rob, think about how can you

910
00:39:41,239 --> 00:39:45,080
Speaker 2: use a credit card to maximize rewards and protections for

911
00:39:45,280 --> 00:39:47,680
Speaker 2: the item that you're buying. Maybe an enhanced warranty protection

912
00:39:47,760 --> 00:39:49,960
Speaker 2: on the electronics item that you're buying. Because of the

913
00:39:50,000 --> 00:39:52,520
Speaker 2: credit card that you use instead of opting to just

914
00:39:52,680 --> 00:39:55,040
Speaker 2: spread the payments out, I think the credit card makes

915
00:39:55,080 --> 00:39:57,040
Speaker 2: more sense. All right, now, let's get to our next one.

916
00:39:57,120 --> 00:40:00,400
Speaker 2: This one is a Facebook question that listener Jeremy asked

917
00:40:00,480 --> 00:40:03,640
Speaker 2: about alarm systems. He says, we recently moved, we ditched

918
00:40:03,680 --> 00:40:07,439
Speaker 2: ad T. Does anyone have any recommendations for other home

919
00:40:07,520 --> 00:40:11,160
Speaker 2: security companies? And there's some good ones out there, Matt,

920
00:40:11,200 --> 00:40:13,239
Speaker 2: there's this is something we haven't really touched on a

921
00:40:13,280 --> 00:40:17,600
Speaker 2: whole bunch, but it's worth talking about because specifically ad

922
00:40:17,719 --> 00:40:19,960
Speaker 2: T because we like talking about stuff here out of

923
00:40:19,960 --> 00:40:23,279
Speaker 2: how of money we talked and so ad T is

924
00:40:23,320 --> 00:40:24,680
Speaker 2: like the most expensive player.

925
00:40:24,760 --> 00:40:27,760
Speaker 1: What does it stand for? Do you know? Alarm?

926
00:40:27,920 --> 00:40:32,560
Speaker 2: The turrent technology truspassers out so everyone recognizes that name.

927
00:40:32,600 --> 00:40:34,880
Speaker 2: You've seen the sticker on people's front doors, that kind

928
00:40:34,880 --> 00:40:38,719
Speaker 2: of stuff. But they use antiquated tactics and pricing, and

929
00:40:38,760 --> 00:40:41,239
Speaker 2: there are just so many better options now. It's like

930
00:40:41,800 --> 00:40:45,319
Speaker 2: maintaining AOL dial up Internet when those kind of feel

931
00:40:45,360 --> 00:40:47,640
Speaker 2: like that fiber come into your door, right, so for

932
00:40:47,640 --> 00:40:49,719
Speaker 2: a hot minute, Simply Safe was like the only place

933
00:40:49,719 --> 00:40:51,640
Speaker 2: to turn. Matt I was a Simply Safe customer back

934
00:40:51,640 --> 00:40:53,840
Speaker 2: in the day. I love their product. The price was

935
00:40:53,920 --> 00:40:55,879
Speaker 2: just right at fifteen bucks a month back in the day,

936
00:40:56,160 --> 00:40:59,360
Speaker 2: and it was just like this sea change in the industry,

937
00:40:59,480 --> 00:41:02,720
Speaker 2: and Safe just garnered more and more and more market

938
00:41:02,719 --> 00:41:05,680
Speaker 2: share because they were pricing monitoring and a fraction of

939
00:41:05,680 --> 00:41:09,560
Speaker 2: what ADT was charging. Plus there were no ridiculous contracts.

940
00:41:09,600 --> 00:41:12,439
Speaker 2: The monitoring system that you purchased could easily be moved

941
00:41:12,440 --> 00:41:14,719
Speaker 2: to a new home, whereas ADT had all this hard

942
00:41:14,719 --> 00:41:17,000
Speaker 2: wire kind of stuff and sol and you.

943
00:41:16,960 --> 00:41:18,920
Speaker 1: Had to get the guy to show up there in person,

944
00:41:19,120 --> 00:41:21,600
Speaker 1: right drill holes into your ceiling and run the special

945
00:41:21,640 --> 00:41:23,560
Speaker 1: little rod through where he could see it in the attic,

946
00:41:23,680 --> 00:41:25,640
Speaker 1: yeah the insulation, and then pull the cord through.

947
00:41:25,920 --> 00:41:28,160
Speaker 2: That's not something you would have to Simply Safe undoe

948
00:41:28,200 --> 00:41:30,640
Speaker 2: in what three to five days package shows up on

949
00:41:30,640 --> 00:41:33,440
Speaker 2: your porch, you self install in a matter of a

950
00:41:33,440 --> 00:41:35,399
Speaker 2: half hour or something like that, and you were off

951
00:41:35,400 --> 00:41:38,320
Speaker 2: to the races. So I think simply Safe is still around,

952
00:41:38,320 --> 00:41:40,600
Speaker 2: still a great choice and well worth considering, even though

953
00:41:40,600 --> 00:41:43,880
Speaker 2: they raised their prices. But there are other discounters now

954
00:41:43,920 --> 00:41:46,279
Speaker 2: in the game doing similar things that are charging even

955
00:41:46,320 --> 00:41:47,080
Speaker 2: less exactly.

956
00:41:47,160 --> 00:41:50,720
Speaker 1: Yeah, in recent years, another great competitor has entered the mix,

957
00:41:50,880 --> 00:41:54,560
Speaker 1: and that's Ring. The monitoring from both Simply Safe and

958
00:41:54,680 --> 00:41:56,680
Speaker 1: Ring will cost you about like twenty bucks a month now,

959
00:41:57,000 --> 00:41:58,719
Speaker 1: but with Ring you save if you pay for a

960
00:41:58,800 --> 00:42:01,719
Speaker 1: year of monitoring up front. So that's nice if you

961
00:42:01,760 --> 00:42:03,840
Speaker 1: know that that's something that you want to take advantage of.

962
00:42:04,040 --> 00:42:06,200
Speaker 1: But then you can decide whether or not it is

963
00:42:06,200 --> 00:42:08,920
Speaker 1: true or cheap. But what about not paying for monitoring

964
00:42:08,960 --> 00:42:12,200
Speaker 1: at all, because if it's something that is important to you,

965
00:42:12,239 --> 00:42:14,880
Speaker 1: sure like, we don't want to dissuade you. It's not

966
00:42:14,920 --> 00:42:18,560
Speaker 1: necessarily breaking the bank. But these sophisticated systems, they can

967
00:42:18,600 --> 00:42:22,600
Speaker 1: alert you instead of the authorities, and at that point

968
00:42:22,800 --> 00:42:24,279
Speaker 1: you can make the cause of whether or not it

969
00:42:24,320 --> 00:42:26,560
Speaker 1: was just your dog barking really loudly and it triggered

970
00:42:26,600 --> 00:42:28,719
Speaker 1: the glass breaks. And that's something else to keep in mind,

971
00:42:28,719 --> 00:42:33,279
Speaker 1: because sometimes get depending on your municipality, depending on what

972
00:42:33,320 --> 00:42:35,680
Speaker 1: city you live in. I remember getting I got a

973
00:42:35,680 --> 00:42:37,719
Speaker 1: ticket one time. Yeah, the false alarm, because yeah, the

974
00:42:37,719 --> 00:42:41,560
Speaker 1: false alarms that Atlanta started implementing. So sometimes it's better

975
00:42:41,640 --> 00:42:45,400
Speaker 1: to know first whether or not that the police should

976
00:42:45,400 --> 00:42:45,799
Speaker 1: be called in.

977
00:42:45,880 --> 00:42:48,240
Speaker 2: Yeah, And I don't want to deter someone who really wants,

978
00:42:48,520 --> 00:42:51,680
Speaker 2: you know, home monitoring, wants like a full fledged alarm

979
00:42:51,719 --> 00:42:54,840
Speaker 2: system at their property and believes that that's going to

980
00:42:54,880 --> 00:42:57,520
Speaker 2: keep them safe to I don't want to say don't

981
00:42:57,560 --> 00:42:59,439
Speaker 2: do it, but I also want people to think twice.

982
00:42:59,440 --> 00:43:00,920
Speaker 2: I think you're right to at least push back on that.

983
00:43:01,040 --> 00:43:02,839
Speaker 2: Is it something you need and is this cost something

984
00:43:02,880 --> 00:43:04,319
Speaker 2: you need to bring into your lifestyle? And there are

985
00:43:04,400 --> 00:43:06,680
Speaker 2: ways Maybe the cost of the system is one thing

986
00:43:06,760 --> 00:43:09,400
Speaker 2: you can easily justify, but the cost of the monthly

987
00:43:09,400 --> 00:43:12,400
Speaker 2: monitoring is something you can potentially easily avoid because of

988
00:43:12,440 --> 00:43:14,560
Speaker 2: the way technology is progressed. You can check in on

989
00:43:14,560 --> 00:43:17,279
Speaker 2: your cameras, whether they're exact, are low cameras or nest

990
00:43:17,320 --> 00:43:19,799
Speaker 2: cameras or whatever they are super easily get those set

991
00:43:19,880 --> 00:43:20,480
Speaker 2: up around the house.

992
00:43:20,480 --> 00:43:22,239
Speaker 1: And then you feel like you're there's a bunch of

993
00:43:22,239 --> 00:43:24,600
Speaker 1: different players there, like Uma whis I mean, all of

994
00:43:24,640 --> 00:43:27,000
Speaker 1: these guys are offering something very similar, which is the

995
00:43:27,040 --> 00:43:29,560
Speaker 1: ability for you to be in charge of your own

996
00:43:29,600 --> 00:43:32,279
Speaker 1: home security. Yes, and they honestly, they all kind of

997
00:43:32,320 --> 00:43:34,800
Speaker 1: have pretty pretty similar prices, Yes, and incomes of the

998
00:43:35,080 --> 00:43:37,239
Speaker 1: different equipment that they're offering, and that same kind of

999
00:43:37,239 --> 00:43:39,200
Speaker 1: model we talked about with Simply Safe is what Uma

1000
00:43:39,239 --> 00:43:41,480
Speaker 1: and Whys are implemented too, where it's like, hey, buy.

1001
00:43:41,280 --> 00:43:43,760
Speaker 2: This stuff on our site. It's a pretty reasonable price.

1002
00:43:43,880 --> 00:43:46,759
Speaker 2: And then guess what instead of the twenty bucks that

1003
00:43:46,840 --> 00:43:48,680
Speaker 2: Ring and Simply Safe not charge, we're going to charge

1004
00:43:48,719 --> 00:43:51,200
Speaker 2: actually a fraction of that. So I think for UMA,

1005
00:43:51,280 --> 00:43:53,160
Speaker 2: you can those systems start at like one hundred and

1006
00:43:53,160 --> 00:43:56,120
Speaker 2: fifty bucks, so it's not very expensive, and monitorings fifteen

1007
00:43:56,160 --> 00:43:58,160
Speaker 2: bucks a month, so they're cheaper. They also have the

1008
00:43:58,320 --> 00:44:00,160
Speaker 2: like self monitoring like you were talking about Matt is

1009
00:44:00,600 --> 00:44:02,600
Speaker 2: six bucks a month, so yeah, it's a heck of

1010
00:44:02,600 --> 00:44:03,920
Speaker 2: a lot cheaper, but they're not going to reach out

1011
00:44:03,920 --> 00:44:05,520
Speaker 2: and call nine to one one on your behalf. It's

1012
00:44:05,520 --> 00:44:07,759
Speaker 2: at least worth looking into. And then why is it's

1013
00:44:08,000 --> 00:44:10,360
Speaker 2: nine to ninety nine a month from actually full fledged

1014
00:44:10,400 --> 00:44:13,040
Speaker 2: pro monitoring or ninety nine a year, And again this

1015
00:44:13,080 --> 00:44:14,359
Speaker 2: is the ongoing costic.

1016
00:44:14,120 --> 00:44:16,719
Speaker 1: That I think that's multiple cameras as well. Yeah, like

1017
00:44:16,920 --> 00:44:18,360
Speaker 1: I think, yeah, that's how a lot of these are

1018
00:44:18,400 --> 00:44:20,759
Speaker 1: set up. So yeah, if I was felt like a

1019
00:44:20,800 --> 00:44:21,640
Speaker 1: couple of wise cameras.

1020
00:44:21,680 --> 00:44:23,560
Speaker 2: Yeah, if I felt like I had the need at

1021
00:44:23,560 --> 00:44:25,839
Speaker 2: this point in time for full fledged monitoring, why this

1022
00:44:25,840 --> 00:44:27,680
Speaker 2: is probably the direction I would go in because I

1023
00:44:27,719 --> 00:44:30,160
Speaker 2: feel like their technology is pretty good, the price is.

1024
00:44:30,239 --> 00:44:35,000
Speaker 1: Right, We're also connected anyway. It's especially unfortunately to our devices.

1025
00:44:35,040 --> 00:44:38,000
Speaker 1: But I think, yes, it's worth considering. And granted, does

1026
00:44:38,040 --> 00:44:40,080
Speaker 1: it really help if you're in because it's great to know,

1027
00:44:40,120 --> 00:44:41,799
Speaker 1: I guess if you're away. But if you're in the

1028
00:44:41,800 --> 00:44:44,120
Speaker 1: home and somebody breaks in, is it really all that

1029
00:44:44,280 --> 00:44:46,600
Speaker 1: helpful to know that the police have been called? Like really,

1030
00:44:46,880 --> 00:44:48,640
Speaker 1: Like in my mind, what I want to avoid is

1031
00:44:48,680 --> 00:44:50,600
Speaker 1: having that happen in the first place. And so I

1032
00:44:50,640 --> 00:44:53,160
Speaker 1: bring that up because something that I think is underrated

1033
00:44:54,239 --> 00:44:56,040
Speaker 1: and I think we've talked about this like maybe years ago,

1034
00:44:56,120 --> 00:44:58,479
Speaker 1: but the strike plates that you can install on your door,

1035
00:44:58,640 --> 00:45:01,160
Speaker 1: So it's not just about prevent the kickings. Yeah, let's

1036
00:45:01,160 --> 00:45:03,280
Speaker 1: find a way to prevent this at all, because certainly,

1037
00:45:03,400 --> 00:45:06,319
Speaker 1: at least around here, any of the burglaries that were

1038
00:45:06,320 --> 00:45:08,680
Speaker 1: happening did take place when some someone just would kick

1039
00:45:08,719 --> 00:45:11,560
Speaker 1: in the door. And like, I don't know, burglars don't

1040
00:45:11,600 --> 00:45:14,000
Speaker 1: like breaking glass if they don't want to cut themselves,

1041
00:45:14,000 --> 00:45:16,360
Speaker 1: but the like a swift door kick, like there is

1042
00:45:16,400 --> 00:45:19,040
Speaker 1: not much wood that that's keeping that dead bolt from

1043
00:45:19,080 --> 00:45:21,960
Speaker 1: just completely allowing the door to open. And so this

1044
00:45:21,960 --> 00:45:24,040
Speaker 1: this strike Strike Master, I think is the name of

1045
00:45:24,080 --> 00:45:26,440
Speaker 1: the But there are these reinforced plates and they install

1046
00:45:26,680 --> 00:45:29,400
Speaker 1: three the higher length of the door jam and it

1047
00:45:29,480 --> 00:45:32,200
Speaker 1: makes it like virtually impossible to kick in the door.

1048
00:45:32,440 --> 00:45:35,480
Speaker 1: And guess what, that's something you can like do. That's

1049
00:45:35,520 --> 00:45:38,600
Speaker 1: like a little weekend project. It's a one time expense

1050
00:45:38,640 --> 00:45:40,240
Speaker 1: and all of a sudden you've got a more secure

1051
00:45:40,280 --> 00:45:42,880
Speaker 1: home where you don't have to fiddle with any technology

1052
00:45:42,880 --> 00:45:44,320
Speaker 1: if it's not something that you're interesting.

1053
00:45:44,320 --> 00:45:47,120
Speaker 2: Maybe that combined with a couple of cameras you install yourself,

1054
00:45:47,200 --> 00:45:49,560
Speaker 2: you sell monitor, and boom you got. You got the

1055
00:45:49,600 --> 00:45:52,160
Speaker 2: peace of mind without the price tag. The other thing

1056
00:45:52,200 --> 00:45:54,080
Speaker 2: you can do, man, this is what I've done, Dobman

1057
00:45:54,160 --> 00:45:56,479
Speaker 2: pincher on a metal chain in the front yard, and

1058
00:45:56,560 --> 00:45:58,360
Speaker 2: it's just nobody wants to come to my house anymore.

1059
00:45:58,360 --> 00:45:59,480
Speaker 1: Classic, Yeah, exactly.

1060
00:45:59,520 --> 00:46:02,080
Speaker 2: I keep him like half starved and he's just rearing

1061
00:46:02,120 --> 00:46:06,000
Speaker 2: to go anytime someone walks by. I don't really recommend, Yeah, it's.

1062
00:46:05,840 --> 00:46:08,680
Speaker 1: Just although I mean I will say, having a big dog. Obviously,

1063
00:46:08,800 --> 00:46:12,920
Speaker 1: pets are provide many benefits, much companionship for a lot

1064
00:46:12,920 --> 00:46:15,960
Speaker 1: of folks. But as a burglary deterrent, I think they

1065
00:46:16,000 --> 00:46:17,040
Speaker 1: certainly work as well.

1066
00:46:17,160 --> 00:46:20,560
Speaker 2: Sure, all right, so Jeremy, hope that helps. There's Man,

1067
00:46:20,600 --> 00:46:22,399
Speaker 2: it's amazing how the sand has changed in the past

1068
00:46:22,440 --> 00:46:24,960
Speaker 2: fifteen years and even in the past five So I

1069
00:46:25,000 --> 00:46:26,680
Speaker 2: hope you can save a ton of money going in

1070
00:46:26,680 --> 00:46:27,520
Speaker 2: one of these directions.

1071
00:46:27,880 --> 00:46:28,080
Speaker 1: Matt.

1072
00:46:28,120 --> 00:46:30,759
Speaker 2: Let's get back to the beer we had on this episode.

1073
00:46:30,880 --> 00:46:32,760
Speaker 2: This one's called Burden.

1074
00:46:32,560 --> 00:46:34,880
Speaker 1: In My Hand. Not Burden my Hand, but burden.

1075
00:46:35,520 --> 00:46:37,719
Speaker 2: This is a season by break my Hand the good

1076
00:46:37,760 --> 00:46:39,000
Speaker 2: folks over at Piedmont Brewery.

1077
00:46:39,040 --> 00:46:41,680
Speaker 1: What were your thoughts on it? Man? Overall, another solid

1078
00:46:41,719 --> 00:46:45,480
Speaker 1: beer from Piedmont Brewery. It had that nice farmhouse funk,

1079
00:46:45,800 --> 00:46:48,520
Speaker 1: had some of those Belgian like flavors shining through, yes,

1080
00:46:49,200 --> 00:46:51,560
Speaker 1: and as it warmed up, I felt like I picked

1081
00:46:51,600 --> 00:46:54,920
Speaker 1: up on more of an umame like flavor, Like it

1082
00:46:54,960 --> 00:46:57,359
Speaker 1: had this depth where I'm like, what what is that?

1083
00:46:57,440 --> 00:47:00,000
Speaker 1: I can't describe it. It's not salty, it's nut sweat.

1084
00:47:00,480 --> 00:47:03,200
Speaker 1: It's almost like I'm eating meat. It's got like this

1085
00:47:03,400 --> 00:47:07,120
Speaker 1: depth somehow that they were able to infuse brew into this.

1086
00:47:07,280 --> 00:47:09,120
Speaker 2: I think they brew this with wagy beef is. Oh,

1087
00:47:09,120 --> 00:47:12,960
Speaker 2: that's it, that's fake bake news, but this was it.

1088
00:47:13,320 --> 00:47:15,080
Speaker 2: I like your good says on. It's also one of

1089
00:47:15,120 --> 00:47:18,240
Speaker 2: those categories of beer that I don't trink as often

1090
00:47:18,440 --> 00:47:19,719
Speaker 2: as I would like.

1091
00:47:19,760 --> 00:47:21,840
Speaker 1: For some reason, it's just not my go to. So

1092
00:47:21,880 --> 00:47:24,200
Speaker 1: I'm glad to have this one. Eat a little dry,

1093
00:47:24,480 --> 00:47:26,839
Speaker 1: a little hoppy, a little funky. I love the well

1094
00:47:26,880 --> 00:47:29,239
Speaker 1: rounded this going on in this one. Yeah, fantastic. Glad

1095
00:47:29,239 --> 00:47:31,040
Speaker 1: you know I were able to share this one today

1096
00:47:31,120 --> 00:47:33,400
Speaker 1: on the podcast. But that's going to be it for

1097
00:47:33,440 --> 00:47:36,160
Speaker 1: this episode. Listeners can define our show notes up on

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00:47:36,160 --> 00:47:38,960
Speaker 1: the website at howamoney dot com. By the way, if

1099
00:47:39,000 --> 00:47:41,239
Speaker 1: you have enjoyed this episode, we would love it for

1100
00:47:41,280 --> 00:47:44,239
Speaker 1: folks to leave us a review over at Apple Podcasts

1101
00:47:44,640 --> 00:47:46,480
Speaker 1: wherever it is that you happen to listen. I feel

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00:47:46,480 --> 00:47:48,640
Speaker 1: like we haven't had any new reviews in a minute.

1103
00:47:48,640 --> 00:47:51,200
Speaker 1: I don't know. It's nice to occasionally see one trickle

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00:47:51,239 --> 00:47:53,080
Speaker 1: in like every couple of weeks. Yeah, I'm not sure

1105
00:47:53,080 --> 00:47:55,439
Speaker 1: what that means that we haven't seen any good or bad?

1106
00:47:56,160 --> 00:47:58,160
Speaker 1: Are we a little too vanilla? Straight down? The middle.

1107
00:47:58,200 --> 00:47:59,960
Speaker 1: Do we need more extreme opinion?

1108
00:48:00,400 --> 00:48:02,440
Speaker 2: I will say, if you if you have been listening

1109
00:48:02,440 --> 00:48:04,760
Speaker 2: to pissed some people off, which I probably did this episode.

1110
00:48:05,560 --> 00:48:08,200
Speaker 2: If you do leave a review, if you've been listening

1111
00:48:08,239 --> 00:48:09,560
Speaker 2: for a while, and you leave a next review and

1112
00:48:09,600 --> 00:48:11,080
Speaker 2: you email us, I don't know.

1113
00:48:11,120 --> 00:48:16,000
Speaker 1: I might send you something. Oh, no promises, but uh okay.

1114
00:48:16,200 --> 00:48:17,960
Speaker 1: What I mean is selfie is of at the very

1115
00:48:18,000 --> 00:48:21,600
Speaker 1: least we'll respond and say holler you. Of course, so

1116
00:48:21,880 --> 00:48:23,600
Speaker 1: we I mean we try. We respond to everybody who

1117
00:48:23,640 --> 00:48:25,400
Speaker 1: emails us. We try to. Yeah, I feel like we

1118
00:48:25,400 --> 00:48:28,560
Speaker 1: get to all of them. So yes, spam filter doesn't. Yeah,

1119
00:48:28,760 --> 00:48:29,120
Speaker 1: leave that.

1120
00:48:29,080 --> 00:48:31,759
Speaker 2: Review, shoot us an email, and we'll figure something out.

1121
00:48:33,160 --> 00:48:35,440
Speaker 2: No promises, all right, maybe I'll send you a home

1122
00:48:35,480 --> 00:48:37,799
Speaker 2: alarm system. But Matt, that's going to do it for

1123
00:48:37,840 --> 00:48:41,520
Speaker 2: this episode until next time. Best Friends Out, Best Friends Out,