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Speaker 1: Welcome to how the money. I'm Joel and I am Matt,

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Speaker 1: and today we're answering your listener questions. You know what, buddy,

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Speaker 1: this is our listener question Monday episode, where every other

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Speaker 1: Monday we answer listener questions that folks send our way

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Speaker 1: via voice memo. Would you like it if we were

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Speaker 1: talking to people live, old school radio, and we're taking calls?

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Speaker 1: We're like, all right, Tommy and Sandy, we see it

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Speaker 1: on the line. You've done that before. I have done

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Speaker 1: that before. Keep paying it on the line for us

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Speaker 1: and we'll get back to you here right after this break. Now,

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Speaker 1: I think I'd be a lot of fun if we actually,

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Speaker 1: when we do get to engage with listeners, like we

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Speaker 1: just talked about on Friday, how we went to Finn

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Speaker 1: Con and a bunch of nerdy financial personal finance folks there,

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Speaker 1: and actually, when we landed at the airport work, we

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Speaker 1: ran into a listener. Gosh, I'm trying to remember what

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Speaker 1: his name was. It was such a quick, quick hang

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Speaker 1: for twelve seconds. Took a quick picture, but really, as

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Speaker 1: we're hopping into our Uber, yes, I know, I wish

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Speaker 1: we had gotten more time, but literally, are Uber was

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Speaker 1: pulling up, but it's it's one of those things where

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Speaker 1: those interactions like energize me, and so if we got

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Speaker 1: to do them, even just digitally or over the phone,

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Speaker 1: I'll be down. You just want to be a celebrity,

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Speaker 1: you just want you want your face blastered on, trust me,

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Speaker 1: Milk Carton's. Now that's not when I'm into. Yeah, you

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Speaker 1: don't want to get abducted, but I'd like that. That's

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Speaker 1: when your face is on the milk carton. But when,

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Speaker 1: when you hear from here, from listeners via email, when

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Speaker 1: we get to hear their voices or get to see

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Speaker 1: him in person like that is more exciting to me

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Speaker 1: than having my face on a billboard. Absolutely no, I

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Speaker 1: completely agree, especially hearing from listeners who have made changes

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Speaker 1: to their lives. And so we don't always get around

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Speaker 1: to responding to every single email that comes our way. We,

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Speaker 1: I would say, we get back to like, I don't know,

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Speaker 1: maybecent of them, but those, somehow, the people who don't

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Speaker 1: get fun and sort like, what's wrong with me? Man?

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Speaker 1: I guess sometimes they just sad. You having put any

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Speaker 1: numb is that sometimes we slip through the gate and

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Speaker 1: then you just got some busy days. That doesn't mean

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Speaker 1: we don't love you anyway. I don't know how we

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Speaker 1: got on talking about that, but we've got five awesome

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Speaker 1: listener questions we are going to get to. Uh. We

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Speaker 1: have a listener who is considering a creative way to

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Speaker 1: lower her mortgage payment. We're gonna get to that one.

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Speaker 1: Another listener. He's got a solar panel dilemma that he's facing,

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Speaker 1: as well as somebody else who's considering forfeiting some I

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Speaker 1: bond interest. We'll get to those three, plus a couple others,

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Speaker 1: right after this. I like it all right. One thing.

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Speaker 1: It made it sound like we' about to take a break. No,

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Speaker 1: I wanted to. I want to mention real quick that

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Speaker 1: I just started reading matt the brothers Karamasov, and it

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Speaker 1: is a I've never read it. It's wait a minute,

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Speaker 1: that's that's supposedly the best novel of all time. That's

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Speaker 1: a Russian book. I can't. You're like a turncoade over here.

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Speaker 1: You can't be reading Russian literature. No, the the Russian

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Speaker 1: authors are still some of the best, especially from from

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Speaker 1: that era. You're about to get canceled. Now. Everybody, like,

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Speaker 1: almost everybody like. If you, if you, if you, like

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Speaker 1: looked up a list of best books of all time,

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Speaker 1: this book would be on there, but I've always been

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Speaker 1: reticent to tackle it because it's like a thousand pages. Yes,

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Speaker 1: it's super thick, and so I'm like, I'm more like

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Speaker 1: the three page book kind of Guy. And but I

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Speaker 1: realized I just have to finally read this book because

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Speaker 1: if it really is one of the best books ever written,

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Speaker 1: I can't let the fact that it's humongous get in

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Speaker 1: my way and prevent me from reading a masterpiece. And

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Speaker 1: so I decided like, okay, how do I do this?

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Speaker 1: I'M gonna do it one by at a time, one

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Speaker 1: chapter at a time, I'm gonna get into so I'm

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Speaker 1: trying to read one chapter a day. That's my goal,

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Speaker 1: and it might take me like four or five six

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Speaker 1: months to read this book. How many chapters are there?

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Speaker 1: So that I don't know exactly how many chapters there are,

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Speaker 1: but there's like a chapter ten, ten page chapters, and

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Speaker 1: it's about a thousand pages. Six months. So okay, so

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Speaker 1: it's probably like three and a half month, let's right.

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Speaker 1: Is it likely likely how long I feel like it's

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Speaker 1: taking me that loan. So, so you're reading a long book.

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Speaker 1: I'M IN THE MIDDLE OF WARREN BUFFETTS auto biophy, not autobiography.

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Speaker 1: I think it's the only biography that was officially approved

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Speaker 1: by by Warren Buffett, but it's something like that. I

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Speaker 1: think it's it's over eight hundred pages and it's taken me, Oh,

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Speaker 1: all time to get through this. It is a beast

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Speaker 1: but also really interesting. So wait, how how far into

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Speaker 1: yours are you? So I'm like a hundred fifty pages.

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Speaker 1: I'm of the way through, enjoying it so far. Enjoying

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Speaker 1: it so far. Learn anything? UH, yeah, for sure. It's

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Speaker 1: just it's really well written. I'm so glad. I mean,

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Speaker 1: I'm reading it and I think one of the most

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Speaker 1: popular sub stacks out there is people who are literally

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Speaker 1: reading Frankenstein like a few pages at a time or

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Speaker 1: something like that, if you just get it in box

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Speaker 1: every day. And I thought, well, that's so cool, little

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Speaker 1: snippets every single day. Yeah, and like that's how that's

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Speaker 1: how you can get the job done, and I think

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Speaker 1: the same thing can be true sometimes if you're maybe

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Speaker 1: I have a lot of financial hurdles, obstacles in your way.

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Speaker 1: You feel like you're making progress slower than you want

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Speaker 1: to take that one bite at a time approach, like

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Speaker 1: you can't do it all in one day. You can't

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Speaker 1: do it all in one fell swoop. It takes time

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Speaker 1: to get your to get your money together, just like

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Speaker 1: it takes time to read a freaking thousand page books.

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Speaker 1: So Um, hopefully that is encouraging to how the money

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Speaker 1: listeners out there and I will report back when I

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Speaker 1: finish this book in three months time. Check back in

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Speaker 1: around Christmas. Uh Nights Man. All right, let's introduce the

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Speaker 1: beer that we are going to enjoy during this episode.

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Speaker 1: This is a German chocolate cake, another beer that's a

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Speaker 1: part of the guilty pleasures series over at wicked weed.

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Speaker 1: I'm looking forward to enjoying this one. We will share

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Speaker 1: our thoughts at the end of the episode. All right,

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Speaker 1: let's get to our first question up. By the way,

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Speaker 1: if you have a question for us, you can submit

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Speaker 1: yours at how to money dot com. Slash ask. Super

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Speaker 1: Simple directions there, and we love to hear your lovely

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Speaker 1: voice on the next ask htm episode. But this one

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Speaker 1: comes from a Listenermott, who wants to know about recasting

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Speaker 1: a mortgage, which isn't something we've talked about very much. Hi,

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Speaker 1: Matt and Joel, this is Rachel from Minneapolis. My husband

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Speaker 1: and I are currently in money gear seven and recently

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Speaker 1: purchased our second home, where we hope to be for

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Speaker 1: at least the next ten years, at a purchase price

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Speaker 1: of four hundred and eighty thousand, with a thirty year

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Speaker 1: mortgage at four point nine interest and ten percent down.

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Speaker 1: Once the sale of our first home is complete in

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Speaker 1: a couple of weeks, we'll walk away with enough equity

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Speaker 1: to pay down the mortgage past so we only carry

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Speaker 1: P M I for one month and also refill some

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Speaker 1: savings buckets we used to buy the new home. Once

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Speaker 1: we pay down the new mortgage, we have the chance

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Speaker 1: to recast the loan, since it will be within the

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Speaker 1: first sixty days. This means they would keep our interest

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Speaker 1: rate the same, but it just our monthly payments to

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Speaker 1: be based on the new loan value of around three

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Speaker 1: four K over thirty years versus the original Fot k

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Speaker 1: over thirty years, our monthly payments would go down about

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Speaker 1: four d our question is this, is it better to

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Speaker 1: recast the mortgage that we have a lower monthly payment,

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Speaker 1: or would it be better to leave it as is

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Speaker 1: and just appreciate that paying down the mortgage a big

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Speaker 1: chunk right away means paying off the mortgage sooner than

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Speaker 1: thirty years. As a side note, we have a friend

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Speaker 1: who rents one of our spare bedrooms currently. He is

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Speaker 1: moving with us and renting the basement of the new place,

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Speaker 1: so he'll be paying part of that mortgage when he

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Speaker 1: moves out. Someday. The new basement will be used as

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Speaker 1: an AIRBNB and a guest space. Thanks, guys. If you're

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Speaker 1: ever in Minneapolis, let us know and we'll take you

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Speaker 1: to our favorites of the thirty plus Craft Breweries. Uh,

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Speaker 1: plus craft breweries. I had no idea there are that

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Speaker 1: mini breweries up there in Minnesota. Did she said this

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Speaker 1: in Minneapolis, our Minneapolis. So that's that's a lot of brewers.

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Speaker 1: I Guess Minneapolis is. It's bigger than I think it's.

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Speaker 1: It's a decent well, it's got the Minneapolis Saint. Paul

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Speaker 1: Combo Right, that's true. It's like a dual city. I

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Speaker 1: have never been there, so we will visit there one

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Speaker 1: of these days. But Rachel thinks. So much for your question.

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Speaker 1: And you mentioned too that you are in money year

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Speaker 1: number seven, which I wanted to highlight, because that means

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Speaker 1: you have a ton of flexibility. Uh, and that also

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Speaker 1: means that you have worked really hard to get where

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Speaker 1: you are currently. By the way, if you don't know

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Speaker 1: about the money years, it's basically our financial order of operations.

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Speaker 1: You can find those at how the money dot com.

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Speaker 1: If you click the start here button, you can kind

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Speaker 1: of see you follow along and figure out which money

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Speaker 1: you're you're ine. That's right. Yeah, and also, Rachel, she

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Speaker 1: didn't say this in her voice memo, but in her

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Speaker 1: email she told us that she actually recently quit her

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Speaker 1: job as a civil engineer in order to work part

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Speaker 1: time at a local coffee shop and to launch her

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Speaker 1: own etsy business. So we know that she has been

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Speaker 1: working really hard and now she's kind of on more

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Speaker 1: of that coast slash Burrista fire a path. Yeah, I

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Speaker 1: love that, because we know that civil engineers make more

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Speaker 1: money than Barissa's just just almost all the time, right

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Speaker 1: across the board. Yeah, I can pretty much guarantee that

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Speaker 1: that's like. But to be able to do well enough

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Speaker 1: with your money to where you can make that decision

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Speaker 1: consciously and say I just like working in the coffee

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Speaker 1: shop more than I like this other job. I think

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Speaker 1: that's so cool and that's the kind of power you have,

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Speaker 1: that you achieve as you handle your finance as well,

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Speaker 1: like Rachel has. And it sounds like to Matt that

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Speaker 1: that Rachel, that she's letting her financial choices be determined

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Speaker 1: by and informed. Why? We talked about that a lot,

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Speaker 1: but it's crucial in order to ensure that your money

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Speaker 1: gets funneled into the most helpful places for you personally.

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Speaker 1: So let's talk about mortgage recasting here, Matt, because it's

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Speaker 1: it's like I said, it's not something we've talked about

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Speaker 1: a lot, but there are some real parks for at

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Speaker 1: least some folks to doing a mortgage recast, and it's

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Speaker 1: very different than a refinance, which is typically the thing

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Speaker 1: you hear about. But the thing about refinancing is that

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Speaker 1: it's expensive, as everyone knows. It's gonna cost you thousands

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Speaker 1: of dollars to to refinance your mortgage, and doing a

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Speaker 1: refinance is a major pain. You gotta provide all of

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Speaker 1: your information, your paste dubs, your tax documentation like there's

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Speaker 1: just there's a lot of paperwork involved in approved for

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Speaker 1: a giant loan again, that's right. Yeah, yeah, and in

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Speaker 1: addition to that, doing a refinance right now it doesn't

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Speaker 1: make much sense because rates have gone up. You don't

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Speaker 1: want to go from a three and a half percent

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Speaker 1: rate to a seven percent rate. That's just dump. But

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Speaker 1: but if you can do a recast with your current

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Speaker 1: mortgage provider, you can pay a lump sum and you

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Speaker 1: can lower your mortgage payments for years to come. It

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Speaker 1: basically it reambortizes the loan, which can be a pretty

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Speaker 1: cool option. If that is what you're after, if that's

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Speaker 1: what works for your situation, that's right. Yeah, so when

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Speaker 1: you pay a lump sum to your mortage provider without recasting,

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Speaker 1: you will lessen the overall life of the loan because

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Speaker 1: you're paying down that principal balance, which means you will

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Speaker 1: run out of balance to pay down, basically, but you're

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Speaker 1: not going to reduce how much you owe every single month.

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Speaker 1: You'RE gonna pay off the mortgage sooner, but your payments

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Speaker 1: will stay the same. But when you do opt to

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Speaker 1: do a recast, you you can actually lower that monthly amount,

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Speaker 1: that mortgage amount, while key being those other terms in place.

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Speaker 1: You're able to keep the number of years you have left,

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Speaker 1: you're able to keep your mortgage rate locked in place.

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Speaker 1: Hopefully that rate is lower than than more things currently

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Speaker 1: are and you would want to hang onto it. And

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Speaker 1: if there is a fee, if it does cost you

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Speaker 1: some money, it is going to be so much less

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Speaker 1: than what you pay for maybe a couple hundred bucks.

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Speaker 1: But the range I saw out there, it's sometimes free

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Speaker 1: up to at most maybe five hundred bucks, which is

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Speaker 1: a fraction of what you're looking to pay when you

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Speaker 1: are looking at a refinance. And again, this is particularly

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Speaker 1: advantageous in Rachel's case because not only will it lower

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Speaker 1: the monthly mortgage amount, that will also eliminate that Pesky

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Speaker 1: P M, I. That private mortgage insurance, saving her a

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Speaker 1: ton of money for years to come. So, you know,

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Speaker 1: for these reasons, it sounds like this is a great decision.

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Speaker 1: This is a slam dunk yes from us to take

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Speaker 1: advantage of this recast opportunity. And and again, Matt you

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Speaker 1: started off by talking about the fact that Rachel is

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Speaker 1: in money year number seven, which means the world is

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Speaker 1: her oyster. She is basically at this point of financial

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Speaker 1: independence where she can make moves for a lot of

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Speaker 1: different reasons that make just sense to her. Right that

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Speaker 1: because she's got just ultimate flexibility over her finances at

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Speaker 1: this point and and this this might not make quite

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Speaker 1: as much sense, though, for for some folks who haven't

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Speaker 1: made quite this much progress to their finances. For example,

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Speaker 1: if you were like just getting started your money gear

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Speaker 1: number two or three, you're saving up that fund, you're

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Speaker 1: trying to get that that company match in Your Four,

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Speaker 1: O one K, it would probably makes sense for you

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Speaker 1: to use that lump sum of money to get a

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Speaker 1: company match to make sure you're fully taking advantage of

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Speaker 1: that perk, or to pay off higher interest consumer debt. Like,

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Speaker 1: instead of opting to put a lump some down on

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Speaker 1: that mortgage, you might instead want to pay down credit

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Speaker 1: card debt that you still owe. Yeah, definitely. Yeah, like

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Speaker 1: that would mathematically, of course, make the most sense, which

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Speaker 1: is why I think it's important that Rachel pointed out

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Speaker 1: the fact that they are on money gear number seven,

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Speaker 1: because when it comes to some of those other things,

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Speaker 1: those are steps that they've already eliminated. Yeah, if you

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Speaker 1: if they were much earlier, long in their in their

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Speaker 1: personal finance progress, we would say, I don't know, you

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Speaker 1: want to hold off, you want to achieve some other

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Speaker 1: things first. You might want to prior ties, putting your

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Speaker 1: funds elsewhere before you recast this mortgage and put a

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Speaker 1: lump sum into it. But we just want you to

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Speaker 1: take into account all those different variables. But for Rachel,

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Speaker 1: definitely take advantage of this recast offer. Yeah, I will

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Speaker 1: say so. Like what we kind of talk through some

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Speaker 1: of the math, like the mathematical reasons for her to

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Speaker 1: make sure to have accomplished those other things right, like

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Speaker 1: eliminating high interest rate consumer debt, that kind of thing.

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Speaker 1: But there are like personal reasons to not pay this

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Speaker 1: lump sum to wants her mortgage as well. And so, Rachel,

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Speaker 1: This wasn't something you mentioned in your voice memo or

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Speaker 1: anything that you shared with us, but if you had

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Speaker 1: some other goals that y'all wanted to see happen sometime soon,

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Speaker 1: that also might be another reason to potentially consider not

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Speaker 1: doing the recast right. Like you could see this lump

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Speaker 1: sum of money as seed money, say you wanted to

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Speaker 1: start your own business and it was going to require

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Speaker 1: some upfront capital. That would be a great reason to

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Speaker 1: not necessarily take all of this money and then dump

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Speaker 1: it into your primary residence. It sounds like it's going

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Speaker 1: to keep those other goals in mind as well. Agreed. Yeah,

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Speaker 1: it sounds like even though after they do this recast

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Speaker 1: and get rid of P M I, they'll still have

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Speaker 1: maybe some money left over from that home so, which

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Speaker 1: I think is best of both worlds, because you and

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Speaker 1: I we don't really like P m I. It's kind

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Speaker 1: of feels like throwing money away every month then, and

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Speaker 1: so to be able to get rid of it through

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Speaker 1: this recast is a brilliant move. And so, Rachel, it

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Speaker 1: sounds like that's probably the best move for you and less,

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Speaker 1: like Matt said, you've got some killer business idea that

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Speaker 1: you just got a fun right away. So, Rachel, we

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Speaker 1: wish you guys the best of luck moving forward. You

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Speaker 1: guys are already already crushing it. Matt, we've got more

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Speaker 1: questions to get to, including a frugal or cheap when

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Speaker 1: it comes to buying a board game. We'll get to

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Speaker 1: that one right after this. All right, we're gonna get

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Speaker 1: to that I bons question here in in a minute,

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Speaker 1: but first let's get to that one from a listener

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Speaker 1: who has a frugal or cheap for us. Hi, Matt

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Speaker 1: and Joel, this is Wayne from Philadelphia. I have a

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Speaker 1: frugal or cheap? I'd like to hear your opinion on

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Speaker 1: a day ago, I bought a board game from Amazon. Today,

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Speaker 1: when checking the same listing, I noticed that was nine

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Speaker 1: dollars cheaper. Yes, still sold by Amazon, so not a

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Speaker 1: different seller. This board game hasn't even been shipped yet,

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Speaker 1: so I figured, Hey, Amazon probably will give me the

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Speaker 1: nine dollars. It should be a pretty simple interaction. So

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Speaker 1: I contact their support and I say, Hey, guys, nine

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Speaker 1: dollars cheaper. Could you just give me the difference? Amazon

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Speaker 1: apparently has a policy where they just don't do that.

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Speaker 1: The solution I was provided with was to set up

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Speaker 1: a return and then bring it to a coal's or

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Speaker 1: whole foods, which is very possible and I guess I'm

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Speaker 1: happy to do that, but it just doesn't make a

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Speaker 1: lot of sense to me. Why would you push support

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Speaker 1: to have your customers waste their time and energy to

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Speaker 1: return an item when you're already going to have to

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Speaker 1: ship out the same item to that same customer? And

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Speaker 1: what makes it even more ridiculous is that I've already

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Speaker 1: purchased the second board game and both of them will

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Speaker 1: be delivered tomorrow. So I will have to take one

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Speaker 1: of those two coals and or whole foods to get

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Speaker 1: my full refund. So my question. Nine dollars. Am I

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Speaker 1: being frugal or cheap making such a big deal over that?

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Speaker 1: And then, on top of that, am I crazy, like,

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Speaker 1: wouldn't this just be easier if they just go oh, yeah,

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Speaker 1: nine dollars cheaper, it's yours, because we know you're just

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Speaker 1: gonna cancel the item and return it anyways, you have it.

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Speaker 1: Are they relying on people being lazy, or are they

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Speaker 1: just so big that they don't see the inefficiencies of

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Speaker 1: their own company? Yes, that's right, I'm criticizing Amazon. Come

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Speaker 1: at me, Bezos. Let me know what you think, guys,

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Speaker 1: and have a good one. All Right, Matt. First off,

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Speaker 1: I think we have to tell Jeff bezos this is

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Speaker 1: Wayne here speaking, not not us. I don't want to

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Speaker 1: get attacked. That guy's really muscular. We can even he's

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Speaker 1: really strong. We can send bezos Wayne's email and his

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Speaker 1: home address. Wayne, you're on the hook for this, not us. No,

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Speaker 1: I'm just kidding, but uh, I just want to say

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Speaker 1: to Matt like that the first offer was on to

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Speaker 1: hear that Wayne is buying board games because board games

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Speaker 1: are basically the best hobby in the world for Frugal

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Speaker 1: folks that disc golf. I don't know. We like we

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Speaker 1: like to talk about like cool hobbies that don't cost

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Speaker 1: you very much money. Board Games is one of those.

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Speaker 1: It's one of those things. That's how we roll man

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Speaker 1: by one time and you can play endless amounts of times,

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Speaker 1: right and and you know what? You and I, we

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Speaker 1: don't really play as much as we used to, sadly,

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Speaker 1: but we we played every night on our annual beach

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Speaker 1: vacation this past this past summer, didn't we? It just

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Speaker 1: goes to show that we have lots of other things

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Speaker 1: going on in our day to day lives, but when

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Speaker 1: we go off in vacate, specifically, we UH. Like the

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Speaker 1: past few years we've been playing acquired it's such a

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Speaker 1: good game and I don't know what's going on, but

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Speaker 1: my wife destroys, but it never used to be the case.

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Speaker 1: We could always count on her to bring in the

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Speaker 1: rear for us and and one of us. We played

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Speaker 1: like five nights in a row, sometimes multiple games per night.

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Speaker 1: Did you win once? I think I didn't. I think.

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Speaker 1: I think. I think. I only want like once. Maybe twice,

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Speaker 1: but the rest of the entire rest of the trip

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Speaker 1: she just totally mopped the floor with this dude. I

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Speaker 1: don't know if she was cheating or what she had

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Speaker 1: going on, but but yeah, if you're in prostgate for

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Speaker 1: dominating in a choir, if you're a budding real estate investor,

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Speaker 1: acquire might be a fun board game to check out because,

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Speaker 1: my gosh, it's so good. Well, it's not just real estate,

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Speaker 1: but it's it talks. I mean it incorporates shares and

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Speaker 1: so it has like this investing elements. It's fantastic. I

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Speaker 1: think that's probably that's why we like it so much,

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Speaker 1: because it kind of combines investing and real estate all

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Speaker 1: in one, although we like other ones to like. Viticulture

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Speaker 1: is a good one about like, but once the last

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Speaker 1: time you play vinticulture over the past three years, the

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Speaker 1: number of times you've you've played a choir versus some

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Speaker 1: of these other a lot more. Acquire has definitely been

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Speaker 1: at the top of the list, even though the version

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Speaker 1: that we have is terrible, like the design of the game.

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Speaker 1: Every time we play it we complain about it and

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Speaker 1: maybe will actually like by one of the old school,

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Speaker 1: like vintage versions of the game. The game was just

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Speaker 1: laid out better than yeah, yeah, exactly. But let's get

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Speaker 1: to Wayne's questions. He's asking if this is a frugal

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Speaker 1: or cheap move, and we're gonna say that it depends,

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Speaker 1: because there are obviously a number of factors involved in

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Speaker 1: a decision like this. Um First of all, Wayne, I'm

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Speaker 1: glad you reached out to customer service, because that's a

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Speaker 1: great first step. It'll often work out for you to

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Speaker 1: to get your money back. Sadly not in this case.

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Speaker 1: But you know, now you've got to figure out how

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Speaker 1: much your time is worth. We talked about this actually

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Speaker 1: back in episode nine, and you know, if that whole

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Speaker 1: foods uh, if that return site or the coals, if

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Speaker 1: that's on your way to work, for instance, or if

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Speaker 1: it's just a walk or a bike ride away, then

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Speaker 1: we would say typically, Hey, this is totally worth it.

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Speaker 1: That's something that you're already gonna do right, that you

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Speaker 1: can incorporate into your life. But if we're talking about

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Speaker 1: it like a fifteen minute drive, it's less likely going

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Speaker 1: to make sense for you. Although now that you've already

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Speaker 1: ordered the new one, now that you have to showing up,

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Speaker 1: YOU'RE gonna be out more than is nine bucks if

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Speaker 1: you don't make that return. is a different question. Before

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Speaker 1: he ordered the second one because it's but now that

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Speaker 1: you've ordered the second one, it's like you're gonna be

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Speaker 1: out forty something dollars instead of just nine dollars. Yeah, well,

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Speaker 1: he could hang onto that second copy of it, maybe

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Speaker 1: give it to a friend if if you really likes it.

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Speaker 1: But I will say too, I mean that's something. Well,

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Speaker 1: we've never talked about this, but since we moved out

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Speaker 1: to the BURBS, drawl y'all definitely took advantage of the

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Speaker 1: free ups Amazon pickup at your front door. Right. Yeah,

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Speaker 1: we've done that back in the day, but they don't

426
00:19:08,240 --> 00:19:09,520
Speaker 1: do that out here in the burbs, and so we

427
00:19:09,520 --> 00:19:11,680
Speaker 1: actually do have to save up our packages, if we

428
00:19:11,720 --> 00:19:14,080
Speaker 1: do have returns, and take them back to the up store.

429
00:19:14,400 --> 00:19:16,280
Speaker 1: But the good thing is like a formative drive. But

430
00:19:16,320 --> 00:19:19,640
Speaker 1: it's still not well and it's directly across from the Costco.

431
00:19:20,040 --> 00:19:23,119
Speaker 1: It's like right there. So that's a visit that we

432
00:19:23,200 --> 00:19:25,720
Speaker 1: do make fairly off right. Well, and the reality is

433
00:19:25,760 --> 00:19:27,960
Speaker 1: too for Wayne and for everyone else out there that

434
00:19:28,280 --> 00:19:30,879
Speaker 1: I don't know. Prices are changing constantly online. So if

435
00:19:30,880 --> 00:19:34,120
Speaker 1: it's not like there's a static price and it changes

436
00:19:34,240 --> 00:19:36,480
Speaker 1: and there's a sale once a month or anything like this.

437
00:19:36,560 --> 00:19:41,440
Speaker 1: Like sometimes dozens or more times in a single twenty

438
00:19:41,480 --> 00:19:44,400
Speaker 1: four our period, a price can fluctuating. So the likelihood

439
00:19:44,400 --> 00:19:46,120
Speaker 1: that there is a price drop from what you paid

440
00:19:46,119 --> 00:19:49,359
Speaker 1: an hour ago is just higher than it's ever been before,

441
00:19:49,560 --> 00:19:51,520
Speaker 1: and that makes it more difficult to know whether or

442
00:19:51,560 --> 00:19:54,320
Speaker 1: not you're getting a great deal because of just how

443
00:19:54,359 --> 00:19:57,320
Speaker 1: opaque prices have gotten. And so we would say camel, camel,

444
00:19:57,400 --> 00:20:00,080
Speaker 1: camel and honey are great browser plug ins tell you

445
00:20:00,119 --> 00:20:02,280
Speaker 1: see what the price has been over the past ninety days.

446
00:20:02,600 --> 00:20:04,159
Speaker 1: That's just a quick way to see at a glance,

447
00:20:04,200 --> 00:20:05,920
Speaker 1: like okay, cool, is this? Is this a good deal,

448
00:20:06,119 --> 00:20:08,360
Speaker 1: or or should I be waiting? You can kind of

449
00:20:08,600 --> 00:20:11,320
Speaker 1: tell at a glance whether or not you're getting a deal,

450
00:20:11,359 --> 00:20:13,920
Speaker 1: and that, maybe, combined with a search on a site

451
00:20:13,960 --> 00:20:16,360
Speaker 1: like slick deals, can help you buy with confidence, knowing

452
00:20:16,359 --> 00:20:18,480
Speaker 1: that you're not overpaying. And it's it's you're not always

453
00:20:18,520 --> 00:20:20,800
Speaker 1: gonna get the lowest price, like this is gonna Happen, uh,

454
00:20:20,840 --> 00:20:24,440
Speaker 1: and it might be annoying, but, and you know, it's

455
00:20:24,440 --> 00:20:27,560
Speaker 1: always worth just a quick query to a customer service,

456
00:20:27,600 --> 00:20:30,479
Speaker 1: but it might not always be worth hopping in your

457
00:20:30,480 --> 00:20:33,720
Speaker 1: car driving ten minutes to to save nine bucks. It

458
00:20:33,840 --> 00:20:36,120
Speaker 1: just so much depends on the situation and how community

459
00:20:36,119 --> 00:20:38,040
Speaker 1: it is for you. Totally. Yeah, and he was saying

460
00:20:38,160 --> 00:20:41,359
Speaker 1: like is Amazon just counting on on people being lazy? Yeah, this,

461
00:20:41,480 --> 00:20:43,399
Speaker 1: I feel like this is an example of Amazon like

462
00:20:43,480 --> 00:20:47,280
Speaker 1: just not being cool. Uh. Some credit cards, especially capital

463
00:20:47,280 --> 00:20:49,600
Speaker 1: one credit cards, like the quicksilver card, and we just

464
00:20:49,640 --> 00:20:52,520
Speaker 1: look this up, it'll give you the price difference if

465
00:20:52,560 --> 00:20:55,359
Speaker 1: the price drops. That Quick Silver Card specifically gives you

466
00:20:55,400 --> 00:20:58,240
Speaker 1: a one twenty day window, which is pretty great. That's

467
00:20:58,240 --> 00:21:01,000
Speaker 1: a long amount of time for the price of dropping

468
00:21:01,040 --> 00:21:02,840
Speaker 1: for you to get some money. That's the easiest way

469
00:21:03,000 --> 00:21:05,199
Speaker 1: to kind of get that money back in your pocket

470
00:21:05,280 --> 00:21:07,560
Speaker 1: without if the retailers kind of being stubborn. They got

471
00:21:07,560 --> 00:21:09,680
Speaker 1: your back. We'll link to that card in the show

472
00:21:09,720 --> 00:21:12,199
Speaker 1: notes Um. And so that's credit cards who offer that

473
00:21:12,200 --> 00:21:15,760
Speaker 1: price protection. But then some stores will offer protection as well, Costco,

474
00:21:15,880 --> 00:21:17,520
Speaker 1: for instance. We just mentioned them, but they do that.

475
00:21:17,920 --> 00:21:20,400
Speaker 1: They give you a thirty day window, and so it's

476
00:21:20,480 --> 00:21:22,000
Speaker 1: really easy to go up to the counter. You get

477
00:21:22,000 --> 00:21:24,399
Speaker 1: a small refund thanks to that item. Now being on sale.

478
00:21:24,720 --> 00:21:27,040
Speaker 1: But the thing is, again, we go to costco all

479
00:21:27,119 --> 00:21:30,600
Speaker 1: the stinking time. What I make a separate trip two

480
00:21:30,720 --> 00:21:34,000
Speaker 1: coals to call nine dollars back? Well, you know, it

481
00:21:34,240 --> 00:21:35,760
Speaker 1: depends on the number of things. Again, it depends on

482
00:21:35,760 --> 00:21:37,480
Speaker 1: how much free time I've gotten and what else I've

483
00:21:37,520 --> 00:21:40,160
Speaker 1: got going on. I definitely hate to waste money. It's

484
00:21:40,200 --> 00:21:42,040
Speaker 1: you know, it's difficult for Frugal folks like us to

485
00:21:42,119 --> 00:21:44,280
Speaker 1: leave even nine dollars on the table. But I've also

486
00:21:44,640 --> 00:21:46,920
Speaker 1: come to the point where I'm not necessarily gonna jump

487
00:21:46,960 --> 00:21:48,880
Speaker 1: through a bunch of hoops pour a bunch of time

488
00:21:49,000 --> 00:21:51,640
Speaker 1: into calling just a few bucks back. Makes me think

489
00:21:51,640 --> 00:21:55,400
Speaker 1: about like anytime I left something on facebook marketplace, one

490
00:21:55,400 --> 00:21:57,240
Speaker 1: of the questions I ask myself is will I be

491
00:21:57,240 --> 00:21:59,120
Speaker 1: able to sell this at least for twenty bucks, because

492
00:21:59,119 --> 00:22:01,040
Speaker 1: if it's less than that, I'm going to be more

493
00:22:01,119 --> 00:22:02,600
Speaker 1: likely just to put it out on the curb, do

494
00:22:02,640 --> 00:22:05,119
Speaker 1: a curb alert, even donate the item. But if it's

495
00:22:05,119 --> 00:22:06,480
Speaker 1: more than twenty bucks and I think, Oh, you know,

496
00:22:06,520 --> 00:22:08,480
Speaker 1: there's a chance I might get even thirty, thirty five

497
00:22:08,520 --> 00:22:11,360
Speaker 1: for this, at that point I'm definitely willing to list

498
00:22:11,359 --> 00:22:13,720
Speaker 1: the item. Yeah, because it's just not worth all the

499
00:22:13,720 --> 00:22:16,040
Speaker 1: Hass all the back and forth, your time, people not

500
00:22:16,080 --> 00:22:18,199
Speaker 1: showing up if it's if you're gonna sell something for

501
00:22:18,240 --> 00:22:22,359
Speaker 1: eight dollars right. And so, yeah, your your personal financial

502
00:22:22,359 --> 00:22:26,280
Speaker 1: threshold for how much hassle you're willing to endure for

503
00:22:26,359 --> 00:22:28,399
Speaker 1: that money is. I mean really, it's up to you.

504
00:22:28,480 --> 00:22:32,200
Speaker 1: It's a personal thing. And Yeah, I guess basically Amazon

505
00:22:32,320 --> 00:22:34,560
Speaker 1: is counting on you being lazy, like you said, Wayne,

506
00:22:34,600 --> 00:22:37,080
Speaker 1: that's that's exactly. That's exactly what they're expecting out of you.

507
00:22:37,280 --> 00:22:40,360
Speaker 1: They're expecting on you not to return that item. And

508
00:22:40,359 --> 00:22:42,399
Speaker 1: and whether or not it's lazy, whether or not it's

509
00:22:42,400 --> 00:22:44,520
Speaker 1: frugal or cheap, is probably in the eye the beholder,

510
00:22:44,560 --> 00:22:47,440
Speaker 1: depends on your personal circumstances and, like we said, proximity

511
00:22:47,480 --> 00:22:49,359
Speaker 1: to the return site. So I would say take your

512
00:22:49,400 --> 00:22:53,560
Speaker 1: own personal situation into accounts and then act accordingly. So

513
00:22:53,640 --> 00:22:56,119
Speaker 1: best of luck making a wise decision. And, Matt, I

514
00:22:56,160 --> 00:22:57,720
Speaker 1: don't know if we have like a list by the way,

515
00:22:57,800 --> 00:23:00,160
Speaker 1: of our favorite nerdy board games, but if we don't,

516
00:23:00,160 --> 00:23:02,280
Speaker 1: we should totally put a list together. We could name

517
00:23:02,320 --> 00:23:05,359
Speaker 1: a bunch more right now, but uh, nerdy board games again,

518
00:23:05,480 --> 00:23:08,160
Speaker 1: still just a fantastic pastime and I hope Wayne, hope way,

519
00:23:08,160 --> 00:23:09,680
Speaker 1: you got a good one. That's right. Yeah, Wayne, I

520
00:23:09,680 --> 00:23:11,520
Speaker 1: hope you enjoyed both of those board games if you

521
00:23:11,520 --> 00:23:14,000
Speaker 1: happen to take the UH, if you don't end up

522
00:23:14,040 --> 00:23:16,159
Speaker 1: taking that second board game back, but I'm pretty sure

523
00:23:16,160 --> 00:23:17,840
Speaker 1: you're going to. He's gonna Waste Way too much money

524
00:23:17,920 --> 00:23:20,120
Speaker 1: if he doesn't take it. The other one back in exactly. Well, again,

525
00:23:20,160 --> 00:23:21,840
Speaker 1: I think he could totally give it as a gift.

526
00:23:21,920 --> 00:23:24,040
Speaker 1: He's like, I enjoyed this game so much that I

527
00:23:24,040 --> 00:23:26,679
Speaker 1: wanted to gift you with it as well. Our next

528
00:23:26,920 --> 00:23:30,320
Speaker 1: question comes from a listener and he is asking. He's

529
00:23:30,359 --> 00:23:33,080
Speaker 1: he's asking about the interest that you're gonna lose were

530
00:23:33,200 --> 00:23:36,320
Speaker 1: he to pull his money out of this investment a

531
00:23:36,359 --> 00:23:39,719
Speaker 1: little too early. Let's hear that question. Hi, guys, this

532
00:23:39,800 --> 00:23:43,199
Speaker 1: is Scott from West Bomb Beach. Enjoy the PODCAST. My

533
00:23:43,320 --> 00:23:46,000
Speaker 1: question is about I bombs. My wife and I own

534
00:23:46,560 --> 00:23:50,679
Speaker 1: three ten thousand dollar I bombs, all less than five years.

535
00:23:51,400 --> 00:23:53,280
Speaker 1: I know you've mentioned in the past that if you

536
00:23:53,400 --> 00:23:57,560
Speaker 1: withdraw all are part of an I bond before or

537
00:23:57,560 --> 00:24:01,000
Speaker 1: five years is up, that you for or fit one

538
00:24:01,119 --> 00:24:04,960
Speaker 1: quarter of interest. So my question is which quarter of

539
00:24:05,040 --> 00:24:08,800
Speaker 1: interest do you forfeit? Since we have a large variance,

540
00:24:09,600 --> 00:24:12,680
Speaker 1: starting under three all the way up until now we

541
00:24:12,720 --> 00:24:16,720
Speaker 1: have nine and a half percent. Do you forfeit the

542
00:24:16,720 --> 00:24:22,840
Speaker 1: most recent quarter of interest, the earliest quarter of interest or, unlikely,

543
00:24:23,760 --> 00:24:28,399
Speaker 1: can we choose our own quarter that we forfeit? Anyways,

544
00:24:28,440 --> 00:24:31,640
Speaker 1: look forward to your answer. Thanks a lot, Matt. If

545
00:24:31,720 --> 00:24:33,400
Speaker 1: only it were that simple and it was to choose

546
00:24:33,400 --> 00:24:36,720
Speaker 1: your own adventure and you could forfeit the quarter in

547
00:24:36,720 --> 00:24:38,359
Speaker 1: which you got paid the least amount of interest, I

548
00:24:38,359 --> 00:24:40,640
Speaker 1: would say that that would not be simple. That would

549
00:24:40,680 --> 00:24:43,359
Speaker 1: be more complicated, and we know the government can't handle that.

550
00:24:44,400 --> 00:24:47,720
Speaker 1: We're gonna take whatever steps necessary to avoid any more complexity.

551
00:24:47,800 --> 00:24:51,400
Speaker 1: So just personal story here. Trying to pay quarterly taxes

552
00:24:51,480 --> 00:24:54,000
Speaker 1: the other day. We was funny. The website is so

553
00:24:54,119 --> 00:24:58,520
Speaker 1: beyond broken for for doing that, especially for it's like

554
00:24:58,560 --> 00:25:00,720
Speaker 1: you have your pin, which is what you lost. I

555
00:25:00,760 --> 00:25:03,439
Speaker 1: lost my pen. But even the state website is just

556
00:25:03,720 --> 00:25:07,440
Speaker 1: so much better than actually site the Georgia Tax Center. Yeah,

557
00:25:07,520 --> 00:25:10,040
Speaker 1: recently there must have updated their site, because it works

558
00:25:10,119 --> 00:25:12,080
Speaker 1: much more. Yes, it does, and right. But right as

559
00:25:12,119 --> 00:25:16,000
Speaker 1: I was trying to pay my quarterly taxes, the this like, Hey,

560
00:25:16,040 --> 00:25:17,479
Speaker 1: take a survey now, let us know what you think

561
00:25:17,480 --> 00:25:19,960
Speaker 1: about the site. And it looks like something from two

562
00:25:20,240 --> 00:25:22,240
Speaker 1: and I don't even know if they had websites back then,

563
00:25:22,280 --> 00:25:24,280
Speaker 1: but it looks like it was from a pre website

564
00:25:24,320 --> 00:25:27,400
Speaker 1: era Ms Doss, just a flashing green box. I still

565
00:25:27,440 --> 00:25:28,919
Speaker 1: didn't have time to take the survey and tell them

566
00:25:28,920 --> 00:25:31,040
Speaker 1: how much I loathe their website. But let's get to

567
00:25:31,080 --> 00:25:33,080
Speaker 1: Scott's question and Matt, let's set the table here for

568
00:25:33,160 --> 00:25:35,719
Speaker 1: a second first and just talk about I bonds for

569
00:25:35,760 --> 00:25:38,639
Speaker 1: a second, because maybe it's been a minute. We love

570
00:25:38,680 --> 00:25:41,280
Speaker 1: talking about I bonds and and they remained. We've done

571
00:25:41,320 --> 00:25:44,320
Speaker 1: strong there for a couple couple of weeks several months ago.

572
00:25:44,359 --> 00:25:46,359
Speaker 1: But it's time to revisits, time to let folx know

573
00:25:46,440 --> 00:25:49,720
Speaker 1: the beauty of the I bond. They're still stands for inflation,

574
00:25:49,800 --> 00:25:52,240
Speaker 1: by the way. Yeah, they they're inflation index bonds and

575
00:25:52,240 --> 00:25:55,639
Speaker 1: they're still a stellar deal for anyone who has medium

576
00:25:55,720 --> 00:25:58,840
Speaker 1: term savings that they want to sock away or, in

577
00:25:58,840 --> 00:26:00,679
Speaker 1: a decent rate, to return on. But they're not like

578
00:26:00,840 --> 00:26:03,520
Speaker 1: necessarily just want to stick it on the market because

579
00:26:03,880 --> 00:26:06,440
Speaker 1: they could lose their capital right in a short order

580
00:26:06,480 --> 00:26:08,359
Speaker 1: and so, uh, if it, it has to be money

581
00:26:08,359 --> 00:26:10,560
Speaker 1: that you don't need for at least a year and

582
00:26:10,800 --> 00:26:12,560
Speaker 1: you want it back in your hands, likely within a

583
00:26:12,600 --> 00:26:15,640
Speaker 1: few years. Five years is optimal because that's you don't

584
00:26:15,640 --> 00:26:19,360
Speaker 1: forfeit any interest. But there's just no better storage facility

585
00:26:19,359 --> 00:26:21,159
Speaker 1: for that money than I bonds right now, and that

586
00:26:21,400 --> 00:26:25,439
Speaker 1: is because inflation continues to be just nasty, like we

587
00:26:25,440 --> 00:26:28,840
Speaker 1: talked about on Friday, I bonds are a federally guaranteed

588
00:26:28,840 --> 00:26:30,840
Speaker 1: way to make sure your money is keeping pace with

589
00:26:30,880 --> 00:26:33,119
Speaker 1: the actual rate of inflation. And the current rate that

590
00:26:33,160 --> 00:26:35,960
Speaker 1: I bonds are paying is nine point six two percent.

591
00:26:36,280 --> 00:26:39,639
Speaker 1: Compare that to your trusty savings account, even if it's

592
00:26:39,720 --> 00:26:42,960
Speaker 1: one of the better online savings accounts. It's a lot better, right.

593
00:26:43,000 --> 00:26:45,680
Speaker 1: And and that rate is likely going to reset downward

594
00:26:45,680 --> 00:26:48,760
Speaker 1: by just a bit on November one, although it might

595
00:26:48,800 --> 00:26:50,760
Speaker 1: not drop by too much. And and even if rates

596
00:26:50,800 --> 00:26:53,239
Speaker 1: go down a little bit, they're still top notch. are

597
00:26:53,280 --> 00:26:55,439
Speaker 1: still one of the best places to save money in

598
00:26:55,480 --> 00:26:57,639
Speaker 1: the current moment. That's right. It's a fantastic place to

599
00:26:57,760 --> 00:27:01,359
Speaker 1: to soccer ways in thousand dollars. Uh. And, like Scott said,

600
00:27:01,359 --> 00:27:03,800
Speaker 1: you gotta keep any I bonds that you purchased for

601
00:27:03,840 --> 00:27:06,960
Speaker 1: at least a year. You you just can't get that

602
00:27:07,000 --> 00:27:09,439
Speaker 1: money back if it's been less than a year, like

603
00:27:09,680 --> 00:27:13,320
Speaker 1: a lockbox you can't touch. Yeah, but it's true that

604
00:27:13,359 --> 00:27:15,840
Speaker 1: if you don't keep each I bond that you purchased

605
00:27:15,840 --> 00:27:19,000
Speaker 1: for at least five years that you're gonna be forced

606
00:27:19,000 --> 00:27:21,480
Speaker 1: to pay a penalty. Essentially, you're you you have to

607
00:27:21,520 --> 00:27:24,520
Speaker 1: forfeit one quarter of interest, and so Scott wants to

608
00:27:24,520 --> 00:27:26,920
Speaker 1: know about which interest rate that he's gonna be losing

609
00:27:26,920 --> 00:27:28,720
Speaker 1: out on if he opts to cash those I bonds

610
00:27:28,800 --> 00:27:31,639
Speaker 1: out early. It's a great question, and it's not easy

611
00:27:31,680 --> 00:27:35,159
Speaker 1: to see actually on the Treasury Department's website, again, largely

612
00:27:35,160 --> 00:27:37,960
Speaker 1: because that website also looks like something like a website

613
00:27:38,000 --> 00:27:40,359
Speaker 1: that was put together in the eighties. Yeah, I'm sensing

614
00:27:40,440 --> 00:27:42,480
Speaker 1: a theme here, Matt, that for some reason federal government

615
00:27:42,480 --> 00:27:45,480
Speaker 1: websites are poorly constructed. Most of them are. But the

616
00:27:45,480 --> 00:27:48,280
Speaker 1: short answer, Scott, is that you are going to lose

617
00:27:48,320 --> 00:27:51,280
Speaker 1: the most recent quarter of interest. So that means it's

618
00:27:51,280 --> 00:27:53,760
Speaker 1: gonna be a little more gut wrenching actually to cash

619
00:27:53,800 --> 00:27:56,720
Speaker 1: in your I bonds right now, since you'd be forfeiting

620
00:27:56,880 --> 00:27:59,200
Speaker 1: most likely the highest return that you've been been able

621
00:27:59,240 --> 00:28:01,359
Speaker 1: to score. You've been doing this for a number of

622
00:28:01,440 --> 00:28:03,159
Speaker 1: years now, and you're thinking, I don't know, not, just

623
00:28:03,200 --> 00:28:05,240
Speaker 1: most likely, unless he's had an I bond that's fifty

624
00:28:05,280 --> 00:28:08,080
Speaker 1: years old. It's like literally the highest rate of return

625
00:28:08,160 --> 00:28:11,280
Speaker 1: we've seen in a long time exactly, and so it

626
00:28:11,560 --> 00:28:13,960
Speaker 1: makes it a little more painful in order to pull

627
00:28:14,000 --> 00:28:15,879
Speaker 1: that money out. But again, you're you're talking about a

628
00:28:15,960 --> 00:28:18,520
Speaker 1: quarters worth of interest and if you you have other goals,

629
00:28:18,520 --> 00:28:19,719
Speaker 1: if you have other things that you want to do

630
00:28:19,760 --> 00:28:22,680
Speaker 1: with that money, it could make sense for you, and

631
00:28:22,880 --> 00:28:24,560
Speaker 1: I think I would just want to hold on as

632
00:28:24,600 --> 00:28:26,560
Speaker 1: long as I could so that I didn't lose any

633
00:28:26,600 --> 00:28:28,960
Speaker 1: of those higher earning months. That's ideal, right, unless you

634
00:28:29,640 --> 00:28:32,159
Speaker 1: legitimately have something like much better to do with that money. If,

635
00:28:32,200 --> 00:28:34,160
Speaker 1: let's say, you're wanting to invest in a more long

636
00:28:34,280 --> 00:28:36,480
Speaker 1: term way, that might be worth it. But but who

637
00:28:36,520 --> 00:28:38,680
Speaker 1: wants to really lose out on an interest rate of

638
00:28:38,720 --> 00:28:41,640
Speaker 1: nearly ten? Not Many folks are like, yeah, let me

639
00:28:41,640 --> 00:28:44,280
Speaker 1: get let me give that up because it's a good deal.

640
00:28:44,440 --> 00:28:46,320
Speaker 1: And you know we're gonna keep talking about I bonds,

641
00:28:46,360 --> 00:28:48,240
Speaker 1: Matt on the show, as rates change and as the

642
00:28:48,320 --> 00:28:52,040
Speaker 1: value proposition shifts because a year from now, uh, you

643
00:28:52,120 --> 00:28:53,680
Speaker 1: might not be giving quite as much of a return

644
00:28:54,120 --> 00:28:57,440
Speaker 1: if inflation gets tamed quite a bit. But yeah, the

645
00:28:57,480 --> 00:29:00,080
Speaker 1: reality is, Scott, that titching those I bons right now

646
00:29:00,480 --> 00:29:02,520
Speaker 1: unless you've got a much better place for that money

647
00:29:02,640 --> 00:29:05,240
Speaker 1: or you just absolutely have to have the money you've

648
00:29:05,240 --> 00:29:07,640
Speaker 1: stuck into I bonds back in your life immediately. I

649
00:29:07,760 --> 00:29:10,840
Speaker 1: bonds are not the path to riches in most circumstances,

650
00:29:10,880 --> 00:29:14,120
Speaker 1: but they have just been a good short term haven

651
00:29:14,200 --> 00:29:16,960
Speaker 1: as of late. Investing regularly in the stock market is

652
00:29:17,000 --> 00:29:19,680
Speaker 1: still going to be your best path to building wealth,

653
00:29:19,960 --> 00:29:22,440
Speaker 1: but the resurgence of I bonds and the healthy rates

654
00:29:22,480 --> 00:29:24,760
Speaker 1: we've been able to to see attached to those has

655
00:29:24,760 --> 00:29:26,920
Speaker 1: been has been kind of cool to watch. Definitely it's

656
00:29:26,960 --> 00:29:28,880
Speaker 1: been encouraging, to say the least. All right, we've got

657
00:29:28,920 --> 00:29:31,280
Speaker 1: a couple other questions we're gonna get to right after

658
00:29:31,320 --> 00:29:33,840
Speaker 1: the break. They're both gonna have to do with homes.

659
00:29:34,120 --> 00:29:36,920
Speaker 1: Listeners asking about solar panels and another is thinking about

660
00:29:36,960 --> 00:29:39,920
Speaker 1: becoming a first time landlord. We'll get to those right

661
00:29:39,960 --> 00:29:51,560
Speaker 1: after this. All right, Mat that that landlording question we're

662
00:29:51,560 --> 00:29:54,120
Speaker 1: gonna get to in just a second. Is An interesting

663
00:29:54,160 --> 00:29:57,240
Speaker 1: one because this landlord doesn't plan to be in that

664
00:29:57,320 --> 00:29:58,960
Speaker 1: location for very long. We'll get to that in just

665
00:29:59,000 --> 00:30:01,840
Speaker 1: a second, but first let's get a question about using

666
00:30:01,880 --> 00:30:05,840
Speaker 1: the sun to provide energy if your home. Hi, man

667
00:30:05,880 --> 00:30:08,920
Speaker 1: and Joel, my name's Scott and my wife and I

668
00:30:09,080 --> 00:30:11,920
Speaker 1: just bought a home down here in Greenville, South Carolina,

669
00:30:12,160 --> 00:30:17,480
Speaker 1: and we were approached about adding solar to the roof

670
00:30:17,520 --> 00:30:20,800
Speaker 1: and I wanted to just ask your girls opinion on

671
00:30:21,520 --> 00:30:25,640
Speaker 1: solar if it's worthwhile. Um, the pitch the guy gave

672
00:30:25,680 --> 00:30:30,200
Speaker 1: me sounded really nice and send it like it made sense. However,

673
00:30:30,240 --> 00:30:36,400
Speaker 1: I feel like I would just be exchanging a loan

674
00:30:36,520 --> 00:30:42,320
Speaker 1: payment for what I would pay monthly in electricity. I

675
00:30:42,320 --> 00:30:44,600
Speaker 1: would just be switching those two payments out for the

676
00:30:44,640 --> 00:30:48,080
Speaker 1: next twenty five years. Um, I would love to hear

677
00:30:48,120 --> 00:30:50,720
Speaker 1: your opinion on it. UH, yeah, look forward to it.

678
00:30:50,760 --> 00:30:54,280
Speaker 1: Thank you. Greenville. That's uh, that's where my in laws lift.

679
00:30:54,480 --> 00:30:56,239
Speaker 1: It's a little town I like to visit every now

680
00:30:56,280 --> 00:30:58,200
Speaker 1: and then. I went to college just outside of Greenville

681
00:30:58,280 --> 00:31:00,040
Speaker 1: for two years and I will say you're both of

682
00:31:00,160 --> 00:31:02,240
Speaker 1: it's a phenomenal little town in the south. I like it.

683
00:31:02,400 --> 00:31:04,160
Speaker 1: I would they oh, Manos to a lot of good

684
00:31:04,160 --> 00:31:06,560
Speaker 1: outdoorsy stuff. Oh Yeah, they've got that going on, and

685
00:31:06,600 --> 00:31:09,200
Speaker 1: they've got is an eighth state. That's a brewery that

686
00:31:09,560 --> 00:31:12,400
Speaker 1: has some some fantastic beer from before. It really does

687
00:31:12,480 --> 00:31:16,000
Speaker 1: have it punches above its white class for craft beer. Totally.

688
00:31:16,360 --> 00:31:19,000
Speaker 1: That's right. But okay, Scott, one of the first things

689
00:31:19,080 --> 00:31:21,960
Speaker 1: we wanted to mention, uh, is that, like, you said

690
00:31:21,960 --> 00:31:24,959
Speaker 1: that you were approached. Uh, you said that you got pitched.

691
00:31:26,200 --> 00:31:29,040
Speaker 1: These are phrases that we that kind of like put

692
00:31:29,120 --> 00:31:31,240
Speaker 1: up the red flags and reminds sense when we were

693
00:31:31,320 --> 00:31:34,720
Speaker 1: listening to your question. We have mat we you know,

694
00:31:34,720 --> 00:31:38,240
Speaker 1: how the money send. The reality is that sales folks,

695
00:31:38,240 --> 00:31:41,200
Speaker 1: they can make anything sound awesome, but you are gonna

696
00:31:41,200 --> 00:31:44,040
Speaker 1: want to do a lot more due diligence before you

697
00:31:44,080 --> 00:31:46,800
Speaker 1: decide to move forward on an expensive project like this

698
00:31:47,280 --> 00:31:49,960
Speaker 1: or before you you opt to work with this company directly.

699
00:31:50,320 --> 00:31:52,640
Speaker 1: We want you to, you know, to basically do more research.

700
00:31:52,800 --> 00:31:54,880
Speaker 1: You'RE gonna want to know how much money will will

701
00:31:54,920 --> 00:31:58,040
Speaker 1: getting solar on your home cost? How much will it

702
00:31:58,080 --> 00:32:00,880
Speaker 1: actually save you overtime? You know, gaining some of this

703
00:32:00,960 --> 00:32:03,880
Speaker 1: real data, getting some hard numbers, is what we want

704
00:32:03,880 --> 00:32:06,120
Speaker 1: to encourage. You to do. Uh, and then after that,

705
00:32:06,320 --> 00:32:09,440
Speaker 1: getting multiple quotes is going to be key to making

706
00:32:09,480 --> 00:32:11,800
Speaker 1: the smart decision here, is not just going with the

707
00:32:11,840 --> 00:32:14,920
Speaker 1: first guy that happens to walk up. I I'm not

708
00:32:14,920 --> 00:32:17,040
Speaker 1: going to speculate here, but like I would be surprised.

709
00:32:17,120 --> 00:32:18,800
Speaker 1: Maybe I am speculating by saying this, I wouldn't be

710
00:32:18,880 --> 00:32:22,320
Speaker 1: surprised if there are now financing companies and they're basically

711
00:32:22,360 --> 00:32:25,240
Speaker 1: selling solar on behalf of the different installers because, like,

712
00:32:25,280 --> 00:32:27,040
Speaker 1: it makes me think about retail, right, and how they're

713
00:32:27,080 --> 00:32:29,880
Speaker 1: always pushing the credit cards. So often the tail can

714
00:32:29,920 --> 00:32:33,120
Speaker 1: wag the dog. I don't want to be overly skeptical

715
00:32:33,400 --> 00:32:36,280
Speaker 1: or pessimistic here, but I would definitely be wary of

716
00:32:36,320 --> 00:32:39,280
Speaker 1: somebody coming door to door talking to you about solar. Yeah,

717
00:32:39,400 --> 00:32:41,240
Speaker 1: I don't want anyone coming to my doormat to tell

718
00:32:41,240 --> 00:32:44,360
Speaker 1: me religion or whatever. You know, like that's just typically

719
00:32:44,400 --> 00:32:48,080
Speaker 1: what coies okay, Al Right, I won't turn them away,

720
00:32:48,120 --> 00:32:50,760
Speaker 1: but usually when someone comes to your door, mudgeon over there,

721
00:32:51,520 --> 00:32:53,960
Speaker 1: get off my lawn. Uh. No, I love talking to

722
00:32:54,000 --> 00:32:56,560
Speaker 1: my neighbors, but usually when someone comes to your door

723
00:32:56,640 --> 00:32:59,280
Speaker 1: to sell you something, it's not the best thing for you.

724
00:32:59,360 --> 00:33:01,320
Speaker 1: Right or you would have pursued it on your own.

725
00:33:01,720 --> 00:33:04,040
Speaker 1: And so let's talk about what that due diligence involves,

726
00:33:04,080 --> 00:33:06,920
Speaker 1: like where, where Scotch should start researching. We really like

727
00:33:07,000 --> 00:33:10,040
Speaker 1: the site energy stage dot com. They've got a solar

728
00:33:10,080 --> 00:33:12,959
Speaker 1: calculator that can help you run the numbers before you

729
00:33:13,000 --> 00:33:16,080
Speaker 1: take just like a random salesperson's word for how much

730
00:33:16,120 --> 00:33:17,840
Speaker 1: money it's gonna save you. You get the type in

731
00:33:17,880 --> 00:33:21,000
Speaker 1: your address and they take take things like your roof configuration.

732
00:33:21,280 --> 00:33:25,160
Speaker 1: They incorporate shade data, so the tree coverage basically at

733
00:33:25,200 --> 00:33:28,080
Speaker 1: your house, and then your specific electricity bill. They look

734
00:33:28,080 --> 00:33:30,400
Speaker 1: at all those things, they take it into consideration and

735
00:33:30,440 --> 00:33:33,320
Speaker 1: then they'll show you what the likely PAYPA period is

736
00:33:33,320 --> 00:33:35,720
Speaker 1: going to be, like how long it's gonna gonna take

737
00:33:35,760 --> 00:33:38,200
Speaker 1: you to pay off that solar system. And one caveat,

738
00:33:38,200 --> 00:33:40,600
Speaker 1: by the way, that they spit out is how much

739
00:33:40,640 --> 00:33:43,200
Speaker 1: it's going to increase your property value. And it's kind

740
00:33:43,200 --> 00:33:45,760
Speaker 1: of true. Some of the stats show that homes that

741
00:33:45,840 --> 00:33:48,880
Speaker 1: have solar that if you sell that home, that it

742
00:33:49,000 --> 00:33:51,240
Speaker 1: is going to be worth more than your neighbor's house

743
00:33:51,280 --> 00:33:53,960
Speaker 1: who doesn't have solar. But you take it with a

744
00:33:53,960 --> 00:33:56,040
Speaker 1: grain of salt because your house isn't gonna appreciate like

745
00:33:57,240 --> 00:33:59,240
Speaker 1: overnight because you just stuck the solar system in there.

746
00:33:59,720 --> 00:34:01,680
Speaker 1: But the cool thing is energy stage is also going

747
00:34:01,720 --> 00:34:03,560
Speaker 1: to help you get a few quotes at the same time.

748
00:34:03,840 --> 00:34:06,000
Speaker 1: It's kind of this like one stop shop place and

749
00:34:06,000 --> 00:34:07,880
Speaker 1: and I would say also like take a look at

750
00:34:07,880 --> 00:34:10,400
Speaker 1: that website, but also picked the brain of a neighbor

751
00:34:10,480 --> 00:34:12,279
Speaker 1: or two who might have solar panels on their home.

752
00:34:13,120 --> 00:34:15,440
Speaker 1: They might have recommendations or insights. That would be helpful.

753
00:34:15,760 --> 00:34:18,000
Speaker 1: If you know somebody down the street who just had

754
00:34:18,040 --> 00:34:20,160
Speaker 1: a project like this done, ask them who they went with.

755
00:34:20,400 --> 00:34:22,520
Speaker 1: Was the final cost the same as the estimate they

756
00:34:22,520 --> 00:34:24,440
Speaker 1: were given at the beginning? How was it working with

757
00:34:24,480 --> 00:34:26,919
Speaker 1: this solar installer? I mean you can learn a lot

758
00:34:26,960 --> 00:34:29,840
Speaker 1: just from a quick minute conversation with with the neighbor

759
00:34:30,040 --> 00:34:32,120
Speaker 1: who's done the same thing you're looking to do. Yeah,

760
00:34:32,160 --> 00:34:34,719
Speaker 1: and in particular that side is fantastic. Actually entered our

761
00:34:34,800 --> 00:34:36,920
Speaker 1: new address into there to see kind of what kind

762
00:34:36,960 --> 00:34:38,600
Speaker 1: of data it would it would give me, and I

763
00:34:38,600 --> 00:34:42,600
Speaker 1: think I've been contacted already by four different UH solar installers,

764
00:34:42,600 --> 00:34:45,520
Speaker 1: and so the quotes have ranged, but that side alone

765
00:34:45,560 --> 00:34:47,640
Speaker 1: is going to be phenomenal. And you being able to

766
00:34:47,680 --> 00:34:50,640
Speaker 1: get multiple points of data very easily. And Scott, you

767
00:34:50,719 --> 00:34:53,279
Speaker 1: also mentioned getting a loan, or you said that you

768
00:34:53,320 --> 00:34:54,959
Speaker 1: might be paying on a loan for the next twenty

769
00:34:55,000 --> 00:34:57,879
Speaker 1: five years to get these solar panels. We would want

770
00:34:57,920 --> 00:34:59,759
Speaker 1: you to be really careful in that front, because that

771
00:34:59,760 --> 00:35:03,080
Speaker 1: can increase the cost by a decent bit. How much

772
00:35:03,120 --> 00:35:07,000
Speaker 1: depends on the specific terms of your financing. It's typically

773
00:35:07,239 --> 00:35:10,680
Speaker 1: better to finance that with a helock instead of directly

774
00:35:10,760 --> 00:35:14,319
Speaker 1: with the solar install company or whatever Financi here is,

775
00:35:14,600 --> 00:35:16,880
Speaker 1: you know, working on you know, on their behalf. But

776
00:35:16,920 --> 00:35:19,200
Speaker 1: either way, what happens if you move before you are

777
00:35:19,239 --> 00:35:22,400
Speaker 1: done paying your solar panels off right like? If that

778
00:35:22,400 --> 00:35:23,759
Speaker 1: were to be the case, you might have to make

779
00:35:23,800 --> 00:35:26,120
Speaker 1: a lump some payment on those, and so we would

780
00:35:26,239 --> 00:35:29,840
Speaker 1: rather see you save up and pay for those panels

781
00:35:29,920 --> 00:35:32,640
Speaker 1: in cash. That way, all of the savings are going

782
00:35:32,680 --> 00:35:34,960
Speaker 1: to be going directly to you, and the main thing

783
00:35:35,000 --> 00:35:37,279
Speaker 1: that you want to avoid, no matter what uh like,

784
00:35:37,400 --> 00:35:39,440
Speaker 1: by far the worst option is if you were to

785
00:35:39,680 --> 00:35:42,839
Speaker 1: lease a solar system. Seeing almost anything is a bad

786
00:35:42,880 --> 00:35:45,440
Speaker 1: idea typically, but especially when it comes to solar panels.

787
00:35:45,440 --> 00:35:47,760
Speaker 1: You're talking about TV, a couch or even solar panels.

788
00:35:48,000 --> 00:35:51,920
Speaker 1: Or that's right, but those are the the trickiest arrangements. Uh.

789
00:35:51,960 --> 00:35:53,440
Speaker 1: And by leasing you're gonna miss out on one of

790
00:35:53,440 --> 00:35:56,640
Speaker 1: the biggest financial perks to installing solar on your home,

791
00:35:57,160 --> 00:36:00,759
Speaker 1: which is the pretty enormous federal tax credit. I'm glad

792
00:36:00,760 --> 00:36:03,000
Speaker 1: you brought that up, Matt, because a lot of people

793
00:36:03,000 --> 00:36:05,560
Speaker 1: already know this. But the additional perk of installing solar

794
00:36:05,600 --> 00:36:08,319
Speaker 1: panels is that additional tax break that you're gonna going

795
00:36:08,360 --> 00:36:11,400
Speaker 1: to receive. The United States federal government, in its kindness,

796
00:36:11,480 --> 00:36:13,640
Speaker 1: has said if you install solar panels on your house,

797
00:36:13,800 --> 00:36:15,759
Speaker 1: we will pay for almost a third of that bill.

798
00:36:16,239 --> 00:36:19,240
Speaker 1: And and because of the recent Um so called inflation

799
00:36:19,320 --> 00:36:21,560
Speaker 1: reduction act that was signed into law, the tax credit

800
00:36:21,560 --> 00:36:23,959
Speaker 1: for installing solar is not going to remain at thirty

801
00:36:24,440 --> 00:36:26,480
Speaker 1: for the next decade. It was supposed to phase out

802
00:36:26,480 --> 00:36:28,279
Speaker 1: starting next year, but that's no longer going to be

803
00:36:28,320 --> 00:36:29,960
Speaker 1: the case. So that was kind of lighting a fire

804
00:36:30,080 --> 00:36:31,960
Speaker 1: under a lot of people's butts to get solar put

805
00:36:31,960 --> 00:36:33,440
Speaker 1: on their on the roof. It was dropping down to

806
00:36:34,280 --> 00:36:35,879
Speaker 1: this year. Next year it was gonna be dropping down.

807
00:36:37,360 --> 00:36:40,239
Speaker 1: Is gonna keep dropping down until it was phased out. Well, well,

808
00:36:40,280 --> 00:36:42,080
Speaker 1: now it's gonna stick around at thirty four a while

809
00:36:42,160 --> 00:36:44,200
Speaker 1: to come. So I don't know that that should make

810
00:36:44,200 --> 00:36:46,800
Speaker 1: this process a lot less hectic. You've got more time

811
00:36:46,920 --> 00:36:49,760
Speaker 1: because the federal government will continue for the next decade

812
00:36:49,760 --> 00:36:53,520
Speaker 1: plus to pay that much towards your solar installed bill.

813
00:36:53,840 --> 00:36:55,560
Speaker 1: So we would say take the time to shop around

814
00:36:55,960 --> 00:36:58,800
Speaker 1: and make an informed decision that's best for your overall finances.

815
00:36:58,800 --> 00:37:00,840
Speaker 1: There's just no need to rush into this. There's no

816
00:37:00,880 --> 00:37:03,239
Speaker 1: need to do it a sap or anything like that. Um,

817
00:37:03,280 --> 00:37:05,359
Speaker 1: and that being said, if someone else is is listening

818
00:37:05,360 --> 00:37:07,359
Speaker 1: and they already pulled the trigger, this year you are

819
00:37:07,400 --> 00:37:11,000
Speaker 1: eligible for the full thirty percent tax credit. Just make

820
00:37:11,040 --> 00:37:13,920
Speaker 1: sure that your accountant knows or that your tax software

821
00:37:13,920 --> 00:37:16,200
Speaker 1: that you plug it incorrectly. So do you see that

822
00:37:16,239 --> 00:37:18,400
Speaker 1: tax credit come your way? That's right. You want to

823
00:37:18,400 --> 00:37:20,920
Speaker 1: make sure you've got that two version of the software,

824
00:37:21,040 --> 00:37:24,759
Speaker 1: not that doesn't have I mean, I can't imagine that

825
00:37:24,800 --> 00:37:27,680
Speaker 1: any software that folks are using is like software that

826
00:37:27,680 --> 00:37:29,879
Speaker 1: you actually install onto your computer like a via via,

827
00:37:29,920 --> 00:37:32,400
Speaker 1: a disk. Remember the people used to do that? Right,

828
00:37:32,680 --> 00:37:34,560
Speaker 1: you go to the store and you buy a CD ROM.

829
00:37:35,080 --> 00:37:36,960
Speaker 1: I don't think people do that anymore. It's all over

830
00:37:37,000 --> 00:37:40,480
Speaker 1: the web, baby, Um. And the other part. Two to

831
00:37:40,560 --> 00:37:42,800
Speaker 1: keep in mind is, I think the reality is that

832
00:37:42,880 --> 00:37:44,680
Speaker 1: the price of solar panels, it's going to continue to

833
00:37:44,760 --> 00:37:48,920
Speaker 1: drop as we see more solar installations taking place. Economy

834
00:37:49,000 --> 00:37:50,840
Speaker 1: is a scale like. They are at play here and

835
00:37:50,920 --> 00:37:53,160
Speaker 1: they're going to benefit you. And not only that, but

836
00:37:53,280 --> 00:37:57,080
Speaker 1: just advances in solar technology could dramatically reduce the costs

837
00:37:57,080 --> 00:37:59,359
Speaker 1: as well. For instance, I was reading that engineers are

838
00:37:59,440 --> 00:38:03,160
Speaker 1: using a shoal nanoparticle inc in three D printers that

839
00:38:03,239 --> 00:38:07,239
Speaker 1: allows them to make super thin and flexible solar film, right,

840
00:38:07,360 --> 00:38:09,920
Speaker 1: like this crazy thin film, rather than like the super

841
00:38:09,960 --> 00:38:13,520
Speaker 1: thick and stiff solar panels that were used to uh

842
00:38:13,520 --> 00:38:15,920
Speaker 1: and so, basically like fat heads, remember those? So you

843
00:38:15,920 --> 00:38:17,040
Speaker 1: could like stick the when you're well, they were like

844
00:38:17,080 --> 00:38:20,880
Speaker 1: cutouts of NBA players and football players and okay, it

845
00:38:20,920 --> 00:38:22,920
Speaker 1: sounds like that. Maybe it's like a thicker and you

846
00:38:22,960 --> 00:38:24,400
Speaker 1: can just like stick it directly to your roof. Is

847
00:38:24,400 --> 00:38:26,399
Speaker 1: that what we're talking essentially, like you can roll them out.

848
00:38:27,000 --> 00:38:30,320
Speaker 1: I pictured them like x Ray screens for film or whatever.

849
00:38:31,160 --> 00:38:34,440
Speaker 1: That's how I envisioned it. Um, actually there's some some researchers,

850
00:38:34,520 --> 00:38:37,239
Speaker 1: researchers down in Australia that we're using these things to

851
00:38:37,320 --> 00:38:40,200
Speaker 1: drive their tesla all the way around the entire continent. Really,

852
00:38:40,239 --> 00:38:42,040
Speaker 1: they just like put it all around the outside of

853
00:38:42,040 --> 00:38:43,680
Speaker 1: the vehicle. They would drive all day and then they

854
00:38:43,719 --> 00:38:45,360
Speaker 1: had like a huge roll of it and that and

855
00:38:45,640 --> 00:38:46,920
Speaker 1: once they got to wherever they're going, they would just

856
00:38:47,000 --> 00:38:50,480
Speaker 1: unroll it and it would just recharge the Tesla. Okay,

857
00:38:50,480 --> 00:38:52,920
Speaker 1: that's cool, evidently. Yeah, but the bottom line, though, is

858
00:38:53,080 --> 00:38:56,560
Speaker 1: that with the financial incentives, with the widespread adoption as

859
00:38:56,600 --> 00:38:59,600
Speaker 1: more and more folks install solar uh and with panel

860
00:38:59,640 --> 00:39:01,600
Speaker 1: innovation and all of these things are going to continue

861
00:39:01,600 --> 00:39:04,080
Speaker 1: to drive the price down year after year, and so

862
00:39:04,120 --> 00:39:06,560
Speaker 1: we don't necessarily want you to be in a rush

863
00:39:06,640 --> 00:39:09,000
Speaker 1: to do this, especially when that rush means that you're

864
00:39:09,040 --> 00:39:11,000
Speaker 1: financing it, which means you're paying more than you need to.

865
00:39:11,440 --> 00:39:14,160
Speaker 1: I know I'm definitely excited about the possibility of solar

866
00:39:14,239 --> 00:39:16,560
Speaker 1: and what it could mean for us moving forward, but

867
00:39:17,400 --> 00:39:19,239
Speaker 1: it's you know, when you're an early adopter, a lot

868
00:39:19,239 --> 00:39:22,200
Speaker 1: of times you get stuck with the oldest, most inefficient

869
00:39:22,239 --> 00:39:24,960
Speaker 1: technology and, dude, it makes me think about remember the

870
00:39:24,960 --> 00:39:27,040
Speaker 1: giant satellite dishes you would see on people, like at

871
00:39:27,040 --> 00:39:29,640
Speaker 1: People's houses, especially when you're driving out in the country,

872
00:39:29,680 --> 00:39:32,640
Speaker 1: and like literally it's a satellite dishes that's like twelve

873
00:39:32,640 --> 00:39:36,680
Speaker 1: ft across or something like that. They're huge. And how

874
00:39:36,680 --> 00:39:40,080
Speaker 1: many years later was it before folks had that were

875
00:39:40,120 --> 00:39:41,759
Speaker 1: like only a foot across that would go on the

876
00:39:41,760 --> 00:39:43,600
Speaker 1: corner of Your House? And I'm sure those folks who

877
00:39:43,640 --> 00:39:47,000
Speaker 1: had the big ones are like Dang it, which we

878
00:39:47,000 --> 00:39:49,719
Speaker 1: wouldn't have been the early adopters out here, even though that's,

879
00:39:49,760 --> 00:39:51,319
Speaker 1: you know, that's how they were able to watch the

880
00:39:51,360 --> 00:39:53,040
Speaker 1: news and do whatever. There's gonna be a lot of

881
00:39:53,120 --> 00:39:55,760
Speaker 1: ingenuity in this space and it is going to drop

882
00:39:55,800 --> 00:39:58,120
Speaker 1: the cost, like you said, and it's gonna make it

883
00:39:58,200 --> 00:40:00,080
Speaker 1: less of an ice or in all likelihood, to you

884
00:40:00,120 --> 00:40:02,920
Speaker 1: install solar on your roof, for in your yard, and

885
00:40:03,000 --> 00:40:04,400
Speaker 1: especially if you don't have the money to pay for

886
00:40:04,440 --> 00:40:06,799
Speaker 1: it yet. And now we know that the federal tax

887
00:40:06,800 --> 00:40:10,000
Speaker 1: incentive is going to be robust for years and years

888
00:40:10,040 --> 00:40:11,759
Speaker 1: to come. Why I rush? Yeah, there's just no reason

889
00:40:11,800 --> 00:40:13,919
Speaker 1: to rush into it, but it's Scott, best of luck

890
00:40:13,960 --> 00:40:16,120
Speaker 1: in your shopping solar panels. It's one of those things

891
00:40:16,120 --> 00:40:18,920
Speaker 1: to matt that that buying it can ultimately, over time,

892
00:40:19,239 --> 00:40:21,279
Speaker 1: save you money. So, Um, I think if it I

893
00:40:21,360 --> 00:40:23,400
Speaker 1: do like that. Maybe not quite as an investment, but

894
00:40:23,520 --> 00:40:25,440
Speaker 1: kind of sort of. So it's it's in the van

895
00:40:25,520 --> 00:40:27,719
Speaker 1: at least, so it's got good luck on that one. But, Matt,

896
00:40:27,760 --> 00:40:29,920
Speaker 1: let's get to our our last question for this episode.

897
00:40:29,920 --> 00:40:33,000
Speaker 1: This one is about becoming a landlord when you move

898
00:40:33,040 --> 00:40:36,040
Speaker 1: all the time. Hey, guys, this is a hunter from Logan, UTAH.

899
00:40:36,520 --> 00:40:38,759
Speaker 1: So in December I'll finish up Grad school and then

900
00:40:38,760 --> 00:40:41,520
Speaker 1: I'll start my first full time job. In January we'll

901
00:40:41,560 --> 00:40:43,480
Speaker 1: be moving across the country and we're starting to think

902
00:40:43,520 --> 00:40:46,680
Speaker 1: about buying a house in that new location. However, we

903
00:40:46,719 --> 00:40:48,319
Speaker 1: know that we'll only be living there for a year

904
00:40:48,360 --> 00:40:51,240
Speaker 1: or two before relocating and that that's likely the pattern

905
00:40:51,280 --> 00:40:53,200
Speaker 1: that the first six or eight years of my crew

906
00:40:53,280 --> 00:40:56,399
Speaker 1: will take, knowing that we'd want to rent out those

907
00:40:56,440 --> 00:40:59,200
Speaker 1: houses that we buy in each place after leaving. But

908
00:40:59,680 --> 00:41:01,880
Speaker 1: I don't know enough about being a landlord to consider

909
00:41:01,880 --> 00:41:04,879
Speaker 1: all of the difficulties of doing it remotely. What kind

910
00:41:04,920 --> 00:41:07,080
Speaker 1: of things should I be considering and one of my

911
00:41:07,120 --> 00:41:09,440
Speaker 1: best options, if we do decide to go down that path,

912
00:41:10,280 --> 00:41:12,400
Speaker 1: I love your show and my wife has also recently

913
00:41:12,440 --> 00:41:15,279
Speaker 1: started listening. We love how discussing episodes can help us

914
00:41:15,280 --> 00:41:18,040
Speaker 1: talk about our goals and our opinions about personal finance.

915
00:41:18,480 --> 00:41:20,960
Speaker 1: As a bonus question, we'd love to know what you

916
00:41:20,960 --> 00:41:23,800
Speaker 1: guys consider your greatest hits or the best five or

917
00:41:23,840 --> 00:41:26,799
Speaker 1: six episodes for a new listener like my wife, to

918
00:41:26,880 --> 00:41:29,200
Speaker 1: serve as a basic introduction to some of the most

919
00:41:29,239 --> 00:41:32,880
Speaker 1: important aspects of personal finance. Thanks for taking my questions

920
00:41:33,000 --> 00:41:35,719
Speaker 1: and for making a great podcast. All right, hunter, thank

921
00:41:35,719 --> 00:41:37,319
Speaker 1: you so much for your question and, by the way,

922
00:41:37,360 --> 00:41:39,319
Speaker 1: I love that you are listening to the show with

923
00:41:39,360 --> 00:41:41,759
Speaker 1: your wife. Just makes me happy, like literally kind of

924
00:41:41,800 --> 00:41:43,640
Speaker 1: makes me smile, thinking that like you two are kind

925
00:41:43,640 --> 00:41:46,000
Speaker 1: of sitting there listening to Joel and I talk about

926
00:41:46,040 --> 00:41:49,400
Speaker 1: you now. Not only are we talking about personal finances,

927
00:41:49,520 --> 00:41:53,480
Speaker 1: but we're talking about you and and your money right now.

928
00:41:53,480 --> 00:41:55,239
Speaker 1: Can you believe it? I hope they're like smoking a

929
00:41:55,239 --> 00:41:57,799
Speaker 1: pipe by a fireplace with like the tweet jacket on.

930
00:41:58,320 --> 00:42:01,959
Speaker 1: Why does like like a like a fireside chat? Exactly. Yeah,

931
00:42:02,280 --> 00:42:06,720
Speaker 1: you're like really fun of the Olden Radio Days. But Hunter,

932
00:42:06,800 --> 00:42:10,520
Speaker 1: congrats on being like almost done with Grad School. But

933
00:42:11,000 --> 00:42:13,040
Speaker 1: when it comes to buying a house. We almost never

934
00:42:13,440 --> 00:42:15,040
Speaker 1: want folks to buy a home if they only plan

935
00:42:15,120 --> 00:42:17,439
Speaker 1: on living there for just a year or two. If

936
00:42:17,600 --> 00:42:19,680
Speaker 1: that were to be the case, wrenching. It's almost always

937
00:42:19,920 --> 00:42:22,240
Speaker 1: going to be a better option. Uh. The only exception

938
00:42:22,360 --> 00:42:24,279
Speaker 1: is if you plan to then keep that home and

939
00:42:24,280 --> 00:42:27,160
Speaker 1: rent it out, like you're thinking. Uh. And even then, though,

940
00:42:27,520 --> 00:42:30,279
Speaker 1: it's not always going to be a slam dunk. But yeah,

941
00:42:30,280 --> 00:42:31,800
Speaker 1: we'll go ahead and give you our thoughts, though, and

942
00:42:32,120 --> 00:42:34,319
Speaker 1: you know how to know whether or not it's going

943
00:42:34,400 --> 00:42:36,040
Speaker 1: to make sense for you and your wife. That's right

944
00:42:36,160 --> 00:42:39,279
Speaker 1: when it comes down to Matt Really, when it comes

945
00:42:39,280 --> 00:42:41,480
Speaker 1: to real estate investing in general, if you were to

946
00:42:41,520 --> 00:42:43,920
Speaker 1: say what's the most important thing, I think there's a

947
00:42:43,920 --> 00:42:46,400
Speaker 1: couple most important things. It's it's hard to nail it

948
00:42:46,440 --> 00:42:48,759
Speaker 1: down to just one thing, but buying right is, in

949
00:42:48,760 --> 00:42:51,560
Speaker 1: all likelihood the most important thing to get right, and

950
00:42:51,560 --> 00:42:53,520
Speaker 1: that's because, you know, most folks, when they're buying a

951
00:42:53,520 --> 00:42:56,680
Speaker 1: primary home in particular, they're thinking about through whether or

952
00:42:56,719 --> 00:42:59,040
Speaker 1: not it fits into their budget, which is obviously an

953
00:42:59,040 --> 00:43:01,880
Speaker 1: important consideration, but they're also thinking about a slew of

954
00:43:01,920 --> 00:43:05,439
Speaker 1: other things, paint colors, fixtures, curb appeal, but what never

955
00:43:05,520 --> 00:43:07,319
Speaker 1: really crosses your mind is whether or not it's going

956
00:43:07,360 --> 00:43:09,040
Speaker 1: to make a good rental. That is not a question

957
00:43:09,080 --> 00:43:12,840
Speaker 1: most homebuyers actually ask, like well, if, if I decided

958
00:43:12,840 --> 00:43:14,640
Speaker 1: to rent this out in a couple of years, would

959
00:43:14,640 --> 00:43:16,560
Speaker 1: the numbers make sense? But that is going to need

960
00:43:16,600 --> 00:43:19,919
Speaker 1: to be a lynch pin consideration for hunter, because, and hunter,

961
00:43:19,920 --> 00:43:21,520
Speaker 1: you're gonna want to find a property that suits you

962
00:43:21,560 --> 00:43:24,160
Speaker 1: well for living in but that also has the ability

963
00:43:24,239 --> 00:43:26,759
Speaker 1: to cash flow for years to come. That means doing

964
00:43:26,800 --> 00:43:29,160
Speaker 1: some market research to find out what the rent amount

965
00:43:29,440 --> 00:43:31,200
Speaker 1: is likely to be on the place that you're buying

966
00:43:31,520 --> 00:43:33,239
Speaker 1: and what your mortgage is likely to be too. And

967
00:43:33,280 --> 00:43:36,279
Speaker 1: as an investor, you're gonna be hoping for appreciation as well.

968
00:43:36,320 --> 00:43:39,520
Speaker 1: That's understandable. But while that home going up in value,

969
00:43:39,840 --> 00:43:41,400
Speaker 1: it can help build your network. Think of it as

970
00:43:41,440 --> 00:43:43,279
Speaker 1: kind of the Cherry on top, not something to to

971
00:43:43,360 --> 00:43:46,120
Speaker 1: bank on, but buying right to buying the right house,

972
00:43:46,160 --> 00:43:48,359
Speaker 1: not a house it's just you can afford and it's

973
00:43:48,360 --> 00:43:50,480
Speaker 1: going to make sense for you to live in for

974
00:43:50,719 --> 00:43:52,800
Speaker 1: the time being. You want to make sure the numbers

975
00:43:52,800 --> 00:43:55,080
Speaker 1: on that house makes sense from a rental, from a

976
00:43:55,120 --> 00:43:57,360
Speaker 1: landlord perspective, when you're crunching the numbers, you want to

977
00:43:57,400 --> 00:44:00,000
Speaker 1: make sure that you're looking at all of the different expenses, because,

978
00:44:00,080 --> 00:44:03,759
Speaker 1: is owning any property, but especially a rental property. It's

979
00:44:03,760 --> 00:44:05,600
Speaker 1: not going to be cheap because of course you're gonna

980
00:44:05,600 --> 00:44:08,600
Speaker 1: need to set aside money for repairs and you'll inevitably

981
00:44:08,719 --> 00:44:11,080
Speaker 1: need to have the added expense of hiring a property

982
00:44:11,120 --> 00:44:14,160
Speaker 1: management company to help you to run that rental when

983
00:44:14,200 --> 00:44:17,000
Speaker 1: you leave like that's something that you need a factor in. Uh,

984
00:44:17,080 --> 00:44:18,600
Speaker 1: you know, you like you might be able to self

985
00:44:18,640 --> 00:44:22,160
Speaker 1: manage from far away, but that's likely going to be difficult,

986
00:44:22,360 --> 00:44:25,520
Speaker 1: especially if you're planning to do this, I mean house

987
00:44:25,560 --> 00:44:27,960
Speaker 1: after House. Like I like the idea. I like that

988
00:44:28,000 --> 00:44:30,000
Speaker 1: you're thinking that there's a chance that I might be

989
00:44:30,080 --> 00:44:32,720
Speaker 1: able to own some investment properties and some very promising

990
00:44:32,719 --> 00:44:36,200
Speaker 1: neighborhoods and cities all across the country. I like the diversity,

991
00:44:36,280 --> 00:44:39,439
Speaker 1: I like the potential there, but that also might be

992
00:44:39,560 --> 00:44:43,360
Speaker 1: quite difficult. But either way, the typical property manager is

993
00:44:43,360 --> 00:44:45,640
Speaker 1: going to take a typically a ten percent cut of

994
00:44:45,640 --> 00:44:48,160
Speaker 1: the monthly rent amount and they'll Alston take half, if

995
00:44:48,200 --> 00:44:51,239
Speaker 1: not all, of the first month's rent for finding a

996
00:44:51,239 --> 00:44:54,319
Speaker 1: new tenant Um and so it's certainly possible in many

997
00:44:54,360 --> 00:44:57,160
Speaker 1: markets to still find a profitable rental even with all

998
00:44:57,200 --> 00:44:59,880
Speaker 1: of these different expenses factored in, but you want to

999
00:45:00,000 --> 00:45:02,480
Speaker 1: make sure that you are are assuming those costs before

1000
00:45:02,520 --> 00:45:04,640
Speaker 1: you pounce. You need to calculate all of those expenses,

1001
00:45:04,960 --> 00:45:07,760
Speaker 1: because if that property can't make money even with those

1002
00:45:07,800 --> 00:45:10,560
Speaker 1: costs factored in, uh it is not going to be

1003
00:45:10,640 --> 00:45:13,239
Speaker 1: worth it. You need to basically go into this with

1004
00:45:13,280 --> 00:45:16,160
Speaker 1: your Eyes Wide Open. Agreed, Matt. There's a lot of

1005
00:45:16,239 --> 00:45:18,640
Speaker 1: calculations to run, a lot of due diligence that's required

1006
00:45:18,680 --> 00:45:22,280
Speaker 1: on hunter's part before starting to make offers and finding

1007
00:45:22,280 --> 00:45:23,839
Speaker 1: the House that he wants, that he wants to live

1008
00:45:23,840 --> 00:45:25,680
Speaker 1: in for the next couple of years, because he has

1009
00:45:25,719 --> 00:45:27,759
Speaker 1: to make make sure it makes sense for the long haul.

1010
00:45:28,160 --> 00:45:30,960
Speaker 1: And I would also suggest that that hunter gets creative,

1011
00:45:31,000 --> 00:45:33,480
Speaker 1: because he'll likely be able to increase the likelihood that

1012
00:45:33,520 --> 00:45:36,879
Speaker 1: this is a goodbye if he purchases a multifamily home

1013
00:45:37,000 --> 00:45:40,080
Speaker 1: instead of a single family home. Or if you attempt

1014
00:45:40,080 --> 00:45:42,560
Speaker 1: to buy a home that needs some extra fixing up, maybe, hunter,

1015
00:45:42,760 --> 00:45:44,800
Speaker 1: that you don't mind doing while you're living there, something

1016
00:45:44,840 --> 00:45:46,759
Speaker 1: that is a little more beat up. It's not as

1017
00:45:46,800 --> 00:45:49,200
Speaker 1: good looking. By doing that, you're you're gonna be able

1018
00:45:49,239 --> 00:45:52,160
Speaker 1: to force some appreciation into the property, improving it in

1019
00:45:52,280 --> 00:45:55,279
Speaker 1: order to increase the value and increase the amount you're

1020
00:45:55,280 --> 00:45:57,320
Speaker 1: gonna be able to charge for rent in the future.

1021
00:45:57,360 --> 00:45:59,600
Speaker 1: So if you don't mind living in kind of a

1022
00:45:59,640 --> 00:46:04,080
Speaker 1: constant workspace for while you're living in that home, you're more,

1023
00:46:04,160 --> 00:46:05,600
Speaker 1: much more likely to be able to get a much

1024
00:46:05,640 --> 00:46:08,480
Speaker 1: better deal. And the sweat equity you pour into that house,

1025
00:46:08,719 --> 00:46:10,799
Speaker 1: he's going to help make the numbers work even more

1026
00:46:10,840 --> 00:46:13,279
Speaker 1: in your favor. Exactly. Yeah, the more that you can

1027
00:46:13,280 --> 00:46:15,520
Speaker 1: think outside of the box when it comes to real estate,

1028
00:46:15,560 --> 00:46:17,319
Speaker 1: the greater returns you can generate. It makes me think

1029
00:46:17,360 --> 00:46:20,120
Speaker 1: of our friends Carl and Mindy Jensen. They do what

1030
00:46:20,160 --> 00:46:22,560
Speaker 1: they what they call live and flips, where they buy

1031
00:46:22,560 --> 00:46:25,479
Speaker 1: a home, it's their primary residence. They do a lot

1032
00:46:25,560 --> 00:46:28,120
Speaker 1: of work on that property, on that house while they're

1033
00:46:28,120 --> 00:46:30,880
Speaker 1: living in it Um and because it was their primary

1034
00:46:31,040 --> 00:46:33,279
Speaker 1: they don't have to pay any capital gains once they sell,

1035
00:46:33,360 --> 00:46:36,800
Speaker 1: all of that appreciation flows to them tax free Um.

1036
00:46:36,880 --> 00:46:38,839
Speaker 1: And so the last part of your question their hunter.

1037
00:46:38,840 --> 00:46:41,799
Speaker 1: You're asking about the greatest hits, which we don't necessarily have.

1038
00:46:41,840 --> 00:46:44,719
Speaker 1: The greatest hits. We have five sixty eight episodes as

1039
00:46:44,760 --> 00:46:47,839
Speaker 1: greatest hits. Hunter like, honestly, I think for most folks

1040
00:46:47,880 --> 00:46:49,440
Speaker 1: who are like, well, how do I start listening to

1041
00:46:49,440 --> 00:46:51,080
Speaker 1: the show? Just I would say just start listening to

1042
00:46:51,160 --> 00:46:54,640
Speaker 1: it because every episode I don't think we're necessarily building

1043
00:46:54,680 --> 00:46:57,239
Speaker 1: on previous episodes so that it's required that you have

1044
00:46:57,320 --> 00:46:59,760
Speaker 1: to go back and be able to listen to previous episodes.

1045
00:47:00,120 --> 00:47:02,239
Speaker 1: For back to episode. We're for back, but we we

1046
00:47:02,320 --> 00:47:04,840
Speaker 1: typically explain what it is that we're talking about, hopefully

1047
00:47:04,880 --> 00:47:07,960
Speaker 1: in a way that somebody who's never heard anybody talk

1048
00:47:08,000 --> 00:47:10,640
Speaker 1: about personal finance before can sit down and start listening

1049
00:47:10,640 --> 00:47:12,279
Speaker 1: and learning right off the bat. It's our goal. We

1050
00:47:12,280 --> 00:47:15,040
Speaker 1: won't always do it well, but let me try. But

1051
00:47:15,080 --> 00:47:16,640
Speaker 1: thanks to a question from a couple of weeks ago,

1052
00:47:16,640 --> 00:47:20,040
Speaker 1: actually we we did pick a top ten list of

1053
00:47:20,160 --> 00:47:23,040
Speaker 1: episodes to listen to. If you are newer to the

1054
00:47:23,040 --> 00:47:25,600
Speaker 1: personal finance uh, it is up on our website and

1055
00:47:25,600 --> 00:47:28,120
Speaker 1: you can easily access it from the start here button.

1056
00:47:28,400 --> 00:47:30,640
Speaker 1: But but yeah, let your wife know that we are

1057
00:47:30,719 --> 00:47:33,480
Speaker 1: appreciative of her listening and we wish you guys the

1058
00:47:33,520 --> 00:47:36,920
Speaker 1: best of luck starting your journey into becoming landlords. Uh,

1059
00:47:37,080 --> 00:47:38,320
Speaker 1: you just you have to do it. You have to

1060
00:47:38,320 --> 00:47:40,400
Speaker 1: think about it in a way that most other people

1061
00:47:40,440 --> 00:47:42,920
Speaker 1: are not thinking about it. It means buying a house

1062
00:47:43,000 --> 00:47:46,560
Speaker 1: that you are not necessarily super proud of. Like like

1063
00:47:46,600 --> 00:47:48,160
Speaker 1: it may, it might not be in love with the

1064
00:47:48,160 --> 00:47:50,520
Speaker 1: House exactly, it may not have that curb appeal right

1065
00:47:50,520 --> 00:47:52,040
Speaker 1: like you invite your friends over and they're going to

1066
00:47:52,120 --> 00:47:54,720
Speaker 1: be like, Oh, this is where you live, it's cute,

1067
00:47:55,200 --> 00:47:58,080
Speaker 1: I love the exposed food paneling that's been UN painted

1068
00:47:58,120 --> 00:48:00,840
Speaker 1: for years. But then just make sure they give you

1069
00:48:00,920 --> 00:48:03,200
Speaker 1: a solid thirty minutes, at least an hour, to where

1070
00:48:03,239 --> 00:48:05,160
Speaker 1: you start sharing with them what your plan is to

1071
00:48:05,200 --> 00:48:08,399
Speaker 1: do with that property and then additional properties down the road,

1072
00:48:08,520 --> 00:48:10,440
Speaker 1: and they're going to be coming to you with all

1073
00:48:10,480 --> 00:48:13,279
Speaker 1: their financial questions. Building wealth is not always beautiful, it

1074
00:48:13,640 --> 00:48:18,040
Speaker 1: is not always easy, and, especially when you're looking into

1075
00:48:18,120 --> 00:48:20,640
Speaker 1: rental real estate, like it's going to take doing some

1076
00:48:20,680 --> 00:48:22,920
Speaker 1: things that are uncomfortable in order to make the numbers work,

1077
00:48:22,960 --> 00:48:25,560
Speaker 1: in order to grow your bottom line. So hopefully you're

1078
00:48:25,600 --> 00:48:27,560
Speaker 1: willing to do that, hunter, and if so, then I

1079
00:48:27,600 --> 00:48:30,319
Speaker 1: think you can be successful in this endeavor most off.

1080
00:48:30,360 --> 00:48:31,879
Speaker 1: All right, good luck to you guys. Matt, let's get

1081
00:48:31,880 --> 00:48:33,399
Speaker 1: back to the beer we had on this episode. This

1082
00:48:33,560 --> 00:48:36,239
Speaker 1: is called German chocolate cake and it is by a

1083
00:48:36,280 --> 00:48:39,239
Speaker 1: stout by wicked weed brewing. What were your thoughts on

1084
00:48:39,280 --> 00:48:41,239
Speaker 1: this beer? Yeah, I'm glad we actually were able to

1085
00:48:41,280 --> 00:48:43,640
Speaker 1: share this because I read in the past two weeks

1086
00:48:43,680 --> 00:48:47,160
Speaker 1: this is the second German chocolate cake stout that I had.

1087
00:48:47,600 --> 00:48:49,400
Speaker 1: I had one of those when when we're down in

1088
00:48:49,400 --> 00:48:51,960
Speaker 1: the Orlando add a little pub that you and I

1089
00:48:52,040 --> 00:48:57,040
Speaker 1: popped into. But yeah, it's got those big dark roasty flavors,

1090
00:48:57,320 --> 00:48:58,920
Speaker 1: I guess, all the kind of flavors that you think

1091
00:48:58,920 --> 00:49:00,960
Speaker 1: of when you're thinking of a German chocolate k a

1092
00:49:01,000 --> 00:49:03,960
Speaker 1: little bit of coconut, a lot of chocolate, kind of yeah,

1093
00:49:03,960 --> 00:49:06,200
Speaker 1: one of those Dessert Beers for sure, that are becoming

1094
00:49:06,239 --> 00:49:09,080
Speaker 1: more and more popular and in particular, as the temperatures

1095
00:49:09,080 --> 00:49:12,520
Speaker 1: are starting to drop, man like I am totally getting

1096
00:49:12,560 --> 00:49:14,279
Speaker 1: an Itche to have some of the some of these

1097
00:49:14,280 --> 00:49:18,320
Speaker 1: bigger wintertime beers. It's totally fine and okay to enjoy

1098
00:49:18,400 --> 00:49:20,440
Speaker 1: big dark beers in the middle of the summer, but

1099
00:49:20,560 --> 00:49:22,680
Speaker 1: now that it's like the evenings around here at least

1100
00:49:22,719 --> 00:49:24,800
Speaker 1: are they've been a lot cooler you biked up the

1101
00:49:24,840 --> 00:49:27,160
Speaker 1: mountain yesterday with your son. When I wrote in this

1102
00:49:27,239 --> 00:49:29,160
Speaker 1: morning I was just like, oh my gosh, that the

1103
00:49:29,239 --> 00:49:31,719
Speaker 1: Christmas that you feel in the air, in particular when

1104
00:49:31,719 --> 00:49:34,600
Speaker 1: you're riding on, riding on the bike. It is unbeatable

1105
00:49:34,960 --> 00:49:37,680
Speaker 1: and it makes me just want to curl up, have

1106
00:49:37,920 --> 00:49:42,320
Speaker 1: that that smoking jacket with a tweet, sitting fireside a pipe.

1107
00:49:42,440 --> 00:49:45,040
Speaker 1: It's it's that whole vibe all over again. But Yeah, man,

1108
00:49:45,040 --> 00:49:47,080
Speaker 1: I'm glad you and I got to enjoy another one

1109
00:49:47,080 --> 00:49:50,360
Speaker 1: of these wicked Weed Beers today on the podcast. But

1110
00:49:50,480 --> 00:49:52,040
Speaker 1: that is going to be it. Will make sure to

1111
00:49:52,160 --> 00:49:54,359
Speaker 1: link to any of the resources, anything that we may

1112
00:49:54,360 --> 00:49:56,920
Speaker 1: have mentioned during this episode, up on our show notes,

1113
00:49:57,160 --> 00:49:59,160
Speaker 1: up on the website at how the money dot com.

1114
00:49:59,239 --> 00:50:01,520
Speaker 1: That's right and by away. Our newsletter is only getting

1115
00:50:01,520 --> 00:50:03,520
Speaker 1: better and better. If you have not subscribed to how

1116
00:50:03,520 --> 00:50:06,080
Speaker 1: the money newsletter, I feel like it's been fire recently

1117
00:50:06,160 --> 00:50:08,440
Speaker 1: and this thing is free. That's not gonna cost you

1118
00:50:08,440 --> 00:50:11,319
Speaker 1: a time. It's gonna give you a good laugh, some

1119
00:50:11,440 --> 00:50:14,680
Speaker 1: entertainment and some personal finance insights every Tuesday morning. Just

1120
00:50:14,680 --> 00:50:16,960
Speaker 1: got to how to money dot com, slash newsletter and

1121
00:50:17,120 --> 00:50:19,479
Speaker 1: sign up right there. We appreciate all of you guys

1122
00:50:19,520 --> 00:50:22,200
Speaker 1: being a part of the how to money community. All right, maw,

1123
00:50:22,239 --> 00:50:24,359
Speaker 1: that's going to do it for this episode. Until next time,

1124
00:50:24,719 --> 00:50:26,880
Speaker 1: best friends out, best friends out