1 00:00:00,080 --> 00:00:02,920 Speaker 1: Hello, Hello. How do money listeners Joel and Matt coming 2 00:00:02,960 --> 00:00:07,400 Speaker 1: at you all me amigos, how do you say hello 3 00:00:07,440 --> 00:00:09,959 Speaker 1: best friend? And in Spanish? I should know that. Actually 4 00:00:10,039 --> 00:00:12,000 Speaker 1: I should know that too. I took Spanish from seventh 5 00:00:12,000 --> 00:00:15,920 Speaker 1: grade too through college, and still it's I'm so terrible 6 00:00:15,960 --> 00:00:17,439 Speaker 1: at it, man, I can barely speak. This is not 7 00:00:17,480 --> 00:00:19,239 Speaker 1: the first time that we've discussed how we are not 8 00:00:19,400 --> 00:00:21,840 Speaker 1: very good with second languages. We did have that dual 9 00:00:21,920 --> 00:00:23,880 Speaker 1: lingo challenge I think back in the day that was 10 00:00:23,920 --> 00:00:26,439 Speaker 1: a long time ago, and we completely dropped the ball, 11 00:00:26,440 --> 00:00:29,960 Speaker 1: completely failed. Yeah, I blame you. That's my fault. I'll 12 00:00:29,960 --> 00:00:31,920 Speaker 1: take the blame. Uh. But we're coming at you with 13 00:00:31,960 --> 00:00:35,160 Speaker 1: another Bestie episode today, bringing back one of our favorites 14 00:00:35,280 --> 00:00:37,320 Speaker 1: where we talked about peace out money. And the reason 15 00:00:37,360 --> 00:00:40,520 Speaker 1: we love this episode so much is because this concept 16 00:00:40,720 --> 00:00:43,159 Speaker 1: of peace out money and being able to amass a 17 00:00:43,200 --> 00:00:45,520 Speaker 1: certain amount of money that you consider peace out money 18 00:00:45,720 --> 00:00:48,199 Speaker 1: just gives you choices in your life. I know for 19 00:00:48,280 --> 00:00:50,640 Speaker 1: me in my career and in the way I approach 20 00:00:50,680 --> 00:00:53,840 Speaker 1: life in general, and just kind of my money anxieties. 21 00:00:54,160 --> 00:00:56,760 Speaker 1: Being able to have a stash of money that I 22 00:00:56,800 --> 00:00:58,760 Speaker 1: think of as my peace out money, and growing that 23 00:00:58,880 --> 00:01:01,640 Speaker 1: fund has really even me the ability to feel like 24 00:01:01,680 --> 00:01:03,440 Speaker 1: I'm in control of my future. So that's why I 25 00:01:03,520 --> 00:01:06,120 Speaker 1: loved this episode. Matt Cheduel. And earlier this month, we 26 00:01:06,160 --> 00:01:09,920 Speaker 1: had an episode right where we talked about becoming financially optimistic, 27 00:01:10,280 --> 00:01:12,399 Speaker 1: and in that episode we talked a lot about our attitude. 28 00:01:12,480 --> 00:01:14,440 Speaker 1: And you know, for me, I think Piece o Money 29 00:01:14,520 --> 00:01:17,800 Speaker 1: it's as much about the actual extra money that you 30 00:01:17,840 --> 00:01:20,120 Speaker 1: have on hand as it is the actual change in 31 00:01:20,280 --> 00:01:22,520 Speaker 1: the attitude that you have. Right. There's a confidence that 32 00:01:22,560 --> 00:01:25,039 Speaker 1: it gives you, and there are also options that it 33 00:01:25,080 --> 00:01:26,920 Speaker 1: can afford you. And as much as we talk about 34 00:01:26,920 --> 00:01:28,920 Speaker 1: the nuts and bolts of personal finance, right we talked 35 00:01:28,920 --> 00:01:30,920 Speaker 1: about how to do things, we talk about dollar amounts, 36 00:01:30,959 --> 00:01:33,440 Speaker 1: all that kind of stuff, there is so much of 37 00:01:33,520 --> 00:01:36,080 Speaker 1: your personal finance and our money that is mental, that 38 00:01:36,160 --> 00:01:38,119 Speaker 1: goes on in our heads. And so I think it's 39 00:01:38,280 --> 00:01:41,200 Speaker 1: a great episode for us to have as a bestie episode. 40 00:01:41,440 --> 00:01:43,080 Speaker 1: And you know, we caught it Piece out Money as well, 41 00:01:43,080 --> 00:01:45,039 Speaker 1: because that's what we taught our girls to say. Uh, 42 00:01:45,080 --> 00:01:47,040 Speaker 1: anytime we're leaving like a played aid, or we're leaving 43 00:01:47,080 --> 00:01:49,120 Speaker 1: school or something like that, you just throw up the deuces. 44 00:01:49,440 --> 00:01:52,120 Speaker 1: The girls just say a piece out. Yeah. I love 45 00:01:52,120 --> 00:01:54,120 Speaker 1: that phrase. I love the connotation, and I think this 46 00:01:54,160 --> 00:01:56,240 Speaker 1: episode can be really helpful. Like you said, between the 47 00:01:56,240 --> 00:01:59,120 Speaker 1: Ears is where so much of money is mastered. It's 48 00:01:59,160 --> 00:02:01,480 Speaker 1: not just in the xs and os and the dollar 49 00:02:01,520 --> 00:02:04,120 Speaker 1: signs and decimal points, right, It's so much of it 50 00:02:04,200 --> 00:02:05,880 Speaker 1: is in our mind and we have to overcome some 51 00:02:05,960 --> 00:02:07,720 Speaker 1: of that and we have to approach it differently. And 52 00:02:07,760 --> 00:02:09,760 Speaker 1: I think that this is just a great concept for 53 00:02:09,840 --> 00:02:11,639 Speaker 1: us to kind of come to grips with. But what's 54 00:02:11,760 --> 00:02:14,280 Speaker 1: xs and os you're talking about? Like hugs and kisses? Yeah, 55 00:02:14,560 --> 00:02:17,000 Speaker 1: maybe you're talking baseball. No, well, I guess I was 56 00:02:17,080 --> 00:02:21,960 Speaker 1: thinking about algorithms or no algebra. Maybe maybe that's what 57 00:02:21,960 --> 00:02:24,880 Speaker 1: it is. Yeah, I don't know if you're thinking baseball 58 00:02:25,080 --> 00:02:27,680 Speaker 1: or like bowling, they do exces like strikes, that's true. 59 00:02:27,840 --> 00:02:30,080 Speaker 1: I don't know. There's a gutter ball and oh yeah, well, 60 00:02:30,080 --> 00:02:31,720 Speaker 1: I feel like if you amass a certain amount of 61 00:02:31,720 --> 00:02:33,720 Speaker 1: peace out money, it's it's very similar to to bowling 62 00:02:33,760 --> 00:02:36,160 Speaker 1: a turkey, which is three strikes in a row all 63 00:02:36,240 --> 00:02:38,280 Speaker 1: day long. Yeah, yeah, all right, Matt. By the way, 64 00:02:38,280 --> 00:02:42,480 Speaker 1: tomorrow is Halloween and on my street it gets crazy. Yeah, 65 00:02:42,520 --> 00:02:44,239 Speaker 1: we're gonna have like a thousand trigger treaters, like we 66 00:02:44,360 --> 00:02:47,320 Speaker 1: do pretty much every year. Uh, and so I'm really pumped. 67 00:02:47,360 --> 00:02:50,560 Speaker 1: It's basically the biggest holiday in our neighborhood. So you're 68 00:02:50,560 --> 00:02:53,160 Speaker 1: you excited? You ready? Dude. Always we always have the 69 00:02:53,440 --> 00:02:55,320 Speaker 1: like the pregame party at your house, right, Like, we 70 00:02:55,400 --> 00:02:57,720 Speaker 1: kick things off at the top of the neighborhood there 71 00:02:57,760 --> 00:02:59,760 Speaker 1: with you and then we kind of work our way 72 00:02:59,760 --> 00:03:01,960 Speaker 1: down the street and then we cut across on our street. 73 00:03:02,080 --> 00:03:04,040 Speaker 1: In the past few years we've had a little after party. 74 00:03:04,200 --> 00:03:06,040 Speaker 1: We've got the fire pit going on, maybe some beverages 75 00:03:06,080 --> 00:03:08,120 Speaker 1: for the adults. I'm actually not sure if you're gonna 76 00:03:08,120 --> 00:03:09,959 Speaker 1: do the fire pit again, because we did smores last 77 00:03:10,000 --> 00:03:13,160 Speaker 1: year and dude, my my head about exploded trying to 78 00:03:13,240 --> 00:03:15,320 Speaker 1: wrangle all the children and keep them from like either 79 00:03:15,360 --> 00:03:17,920 Speaker 1: falling into the fire or not flinging you know, fiery 80 00:03:17,960 --> 00:03:21,120 Speaker 1: marshmallows onto each other, poking each other with the sticks. 81 00:03:21,240 --> 00:03:23,840 Speaker 1: It was pretty stressful. Yes, speaking of math, a fire pit, 82 00:03:24,120 --> 00:03:27,600 Speaker 1: children parents having drinks, hundreds of children, kids having had 83 00:03:27,600 --> 00:03:29,919 Speaker 1: tons of candy. Those things don't really mix very well. 84 00:03:30,000 --> 00:03:32,160 Speaker 1: It's a bad combination. But you can see the intent 85 00:03:32,160 --> 00:03:33,600 Speaker 1: behind it, right, Like it's a lot of fun. We're 86 00:03:33,639 --> 00:03:35,520 Speaker 1: all kind of gathered around. It's the beginning of fall. 87 00:03:35,560 --> 00:03:38,280 Speaker 1: You kinda want to huddle around the flames. But I 88 00:03:38,280 --> 00:03:40,200 Speaker 1: don't think we're gonna do the flames again this year. Man, 89 00:03:40,240 --> 00:03:42,280 Speaker 1: it was too stressful with all fun and games until 90 00:03:42,320 --> 00:03:44,680 Speaker 1: a toddler walks into those. Seriously, it's like you have 91 00:03:44,720 --> 00:03:46,760 Speaker 1: to sign a liability for him. You're gonna come trick 92 00:03:46,840 --> 00:03:48,720 Speaker 1: or treat to my I guess so, I guess so. 93 00:03:48,840 --> 00:03:54,440 Speaker 1: It truly is a house of horrors flashes party. So 94 00:03:54,560 --> 00:03:57,640 Speaker 1: happy Halloween to everyone out there listening. Hope hears is awesome. 95 00:03:58,120 --> 00:04:00,440 Speaker 1: It's definitely gonna be good in our neighbor because it 96 00:04:00,480 --> 00:04:02,800 Speaker 1: always is. We're super pumped and that. Yeah, I hope 97 00:04:02,800 --> 00:04:06,240 Speaker 1: you enjoy this bestie episode about peace out Money. Welcome 98 00:04:06,280 --> 00:04:09,360 Speaker 1: to How the Money. I'm Joel and I'm Matt. Today 99 00:04:09,760 --> 00:04:31,120 Speaker 1: we're talking all about that peace out money. All right, 100 00:04:31,160 --> 00:04:33,560 Speaker 1: Joel Man, we are back. If you're back from Orlando. 101 00:04:33,920 --> 00:04:36,359 Speaker 1: We spent some time down at fin Con, which is 102 00:04:36,480 --> 00:04:40,800 Speaker 1: a super nerdy financial conference that's where money and media meat. 103 00:04:40,880 --> 00:04:43,080 Speaker 1: We fit right in. Dude. For me, what I loved 104 00:04:43,080 --> 00:04:45,840 Speaker 1: about it was that being self employed for the past 105 00:04:46,120 --> 00:04:49,080 Speaker 1: over ten years now that I haven't had, I guess, 106 00:04:49,160 --> 00:04:51,560 Speaker 1: an excuse to go to something like this where there's 107 00:04:51,560 --> 00:04:54,120 Speaker 1: a big conference and folks are all talking the same language. 108 00:04:54,120 --> 00:04:56,520 Speaker 1: You know, we're talking nerdy financial stuff. We're talking about 109 00:04:56,560 --> 00:05:00,160 Speaker 1: financial independence, real estate things like that. And to be 110 00:05:00,200 --> 00:05:01,719 Speaker 1: able to do that with something that we care so 111 00:05:01,800 --> 00:05:05,320 Speaker 1: much about was awesome. You know, going there, we learned 112 00:05:05,320 --> 00:05:06,840 Speaker 1: a ton, We got to meet a lot of people 113 00:05:06,839 --> 00:05:08,520 Speaker 1: where I got to meet a lot of people. These 114 00:05:08,560 --> 00:05:10,120 Speaker 1: are a lot of folks that you have known for 115 00:05:10,200 --> 00:05:11,840 Speaker 1: years now, Yeah, but there's also a bunch of new 116 00:05:11,839 --> 00:05:13,800 Speaker 1: people there this year that I never met to. Yeah, 117 00:05:13,800 --> 00:05:16,200 Speaker 1: it was fun to reconnect because this was my fifth 118 00:05:16,360 --> 00:05:18,240 Speaker 1: time at finn Con, right, So it's really fun to 119 00:05:18,240 --> 00:05:20,479 Speaker 1: reconnect with people that I've gotten to know over the 120 00:05:20,560 --> 00:05:22,360 Speaker 1: years and hang out with. But then it was also 121 00:05:22,400 --> 00:05:25,240 Speaker 1: super fun to meet new people that I've never met before. 122 00:05:25,360 --> 00:05:28,920 Speaker 1: But the thing is, you know, online we're interacting with 123 00:05:29,000 --> 00:05:32,440 Speaker 1: people all the time on Twitter or on blogs or 124 00:05:32,440 --> 00:05:34,760 Speaker 1: whatever that do similar things to what we're doing. People 125 00:05:34,800 --> 00:05:38,000 Speaker 1: that we respect and admire and are We're just super 126 00:05:38,040 --> 00:05:40,640 Speaker 1: interested in what they're creating and how they're helping people. 127 00:05:40,880 --> 00:05:42,440 Speaker 1: And that's the cool thing about finn Con. It's like 128 00:05:42,480 --> 00:05:45,839 Speaker 1: really it's it's this atmosphere of people that want to 129 00:05:45,880 --> 00:05:49,520 Speaker 1: help other people with their money exactly. Yeah, man, it's 130 00:05:49,520 --> 00:05:52,240 Speaker 1: so cool and so it's just like culture of service 131 00:05:52,480 --> 00:05:55,400 Speaker 1: and man, it just makes me think and want to 132 00:05:55,400 --> 00:05:58,960 Speaker 1: redouble our efforts here, like let's give them something useful, 133 00:05:59,120 --> 00:06:01,760 Speaker 1: right that every episode that we create, not only do 134 00:06:01,880 --> 00:06:04,680 Speaker 1: we have fun, do we get to drink an awesome beer, right, 135 00:06:04,680 --> 00:06:06,920 Speaker 1: but we get to you know, care for and interact 136 00:06:06,960 --> 00:06:09,719 Speaker 1: with the people that listen to the show man. That's 137 00:06:09,760 --> 00:06:11,719 Speaker 1: that's my favorite part. Every time we get an email, 138 00:06:11,960 --> 00:06:14,400 Speaker 1: every time you know, the people that listen are interacting 139 00:06:14,400 --> 00:06:16,800 Speaker 1: on our Facebook group. That's just that's so much fun 140 00:06:16,800 --> 00:06:18,920 Speaker 1: for me. And so yeah, I love that part of it. 141 00:06:18,960 --> 00:06:21,080 Speaker 1: And I love that all these other awesome folks at 142 00:06:21,120 --> 00:06:24,040 Speaker 1: Finncon are kind of doing it in their own separate 143 00:06:24,120 --> 00:06:27,120 Speaker 1: niche in their own blog or podcast or wherever they're 144 00:06:27,160 --> 00:06:29,760 Speaker 1: reaching people, and it's it's a beautiful thing. So you 145 00:06:30,040 --> 00:06:32,080 Speaker 1: mentioned new folks that also reminded me of our new 146 00:06:32,080 --> 00:06:36,800 Speaker 1: buddy Scott and he is working on a documentary on 147 00:06:36,880 --> 00:06:40,640 Speaker 1: financial independence. It's called playing with Fire and they launched 148 00:06:40,680 --> 00:06:42,400 Speaker 1: a kickstarter which used to do a lot as a 149 00:06:42,480 --> 00:06:45,560 Speaker 1: kid playing with fire. That that is so true. Yeah, 150 00:06:45,600 --> 00:06:48,160 Speaker 1: I played with Fire a lot. But uh yeah, it's 151 00:06:48,160 --> 00:06:49,760 Speaker 1: a documentary that they kicked off and they launched a 152 00:06:49,839 --> 00:06:53,039 Speaker 1: kickstarter at the beginning of the conference and it is 153 00:06:53,080 --> 00:06:57,880 Speaker 1: doing incredibly well. We are supporters of that documentary as well. 154 00:06:57,920 --> 00:07:00,080 Speaker 1: Scott was a great dude. I actually met him to 155 00:07:00,160 --> 00:07:02,200 Speaker 1: randomly in like in the elevator, and that's what's so 156 00:07:02,240 --> 00:07:03,760 Speaker 1: cool about something like this, right you just kind of 157 00:07:03,760 --> 00:07:06,360 Speaker 1: bump into somebody start chatting. Turns out he just had 158 00:07:06,400 --> 00:07:09,680 Speaker 1: a trailer to his documentary played at the opening keynote. 159 00:07:09,840 --> 00:07:12,600 Speaker 1: When I saw it, I was like, Scott, this is fantastic, man. 160 00:07:12,640 --> 00:07:15,280 Speaker 1: This is gonna be so good and I'm super excited 161 00:07:15,320 --> 00:07:17,400 Speaker 1: to just see, you know, how this is gonna play 162 00:07:17,440 --> 00:07:18,760 Speaker 1: out and just how this is going to have an 163 00:07:18,800 --> 00:07:21,440 Speaker 1: impact on not just the money in media, but just 164 00:07:21,520 --> 00:07:24,520 Speaker 1: specifically to financial independence. Right. But yeah, we want to 165 00:07:24,560 --> 00:07:27,000 Speaker 1: get that information out there for you as our listener. 166 00:07:27,040 --> 00:07:29,520 Speaker 1: If you want to go check it out, it's Playing 167 00:07:29,520 --> 00:07:32,960 Speaker 1: with Fire dot c O. And so we'll post a 168 00:07:33,000 --> 00:07:35,760 Speaker 1: link to in the show notes to tickstarter page to 169 00:07:35,800 --> 00:07:40,040 Speaker 1: that website, because yeah, Scott's an amazing dude, and the 170 00:07:40,080 --> 00:07:42,320 Speaker 1: documentary looks like it's gonna be amazing because it follows 171 00:07:42,360 --> 00:07:44,080 Speaker 1: him and his family and kind of their path to 172 00:07:44,120 --> 00:07:47,040 Speaker 1: financial independence. He's got a little daughter. It's just kind 173 00:07:47,080 --> 00:07:48,560 Speaker 1: of cool to see how they grabbed ahold of it 174 00:07:48,560 --> 00:07:50,880 Speaker 1: and kind of changed the way they lived, which not 175 00:07:50,960 --> 00:07:53,120 Speaker 1: just getting their finances together, but man, as we've talked 176 00:07:53,120 --> 00:07:55,480 Speaker 1: about in regards to financial independence, it's kind of this 177 00:07:55,680 --> 00:07:58,559 Speaker 1: wholesale life change, focusing on the things that actually matter 178 00:07:58,800 --> 00:08:01,320 Speaker 1: and not just myne and spending as much as you can, 179 00:08:01,440 --> 00:08:04,080 Speaker 1: right right, And so so yeah, this is gonna be 180 00:08:04,080 --> 00:08:06,440 Speaker 1: a cool documentary. But also inside of it, he interviewed 181 00:08:06,480 --> 00:08:10,480 Speaker 1: so many people that are just amazing thinkers in this space. 182 00:08:10,800 --> 00:08:13,200 Speaker 1: So it's gonna be really fun from an artistic standpoint, 183 00:08:13,240 --> 00:08:15,080 Speaker 1: it's gonna be really fun from the interviews that are 184 00:08:15,120 --> 00:08:17,880 Speaker 1: in there and just following Scott and Taylor's story. So 185 00:08:17,880 --> 00:08:19,760 Speaker 1: I'm super stoked to see it. Looks like it's gonna 186 00:08:19,760 --> 00:08:22,520 Speaker 1: be released in February, So yeah, we'll plus the link there, 187 00:08:22,520 --> 00:08:24,160 Speaker 1: and I would just encourage anyone just go give a 188 00:08:24,160 --> 00:08:26,080 Speaker 1: few dollars just be in support of it because it's 189 00:08:26,080 --> 00:08:28,240 Speaker 1: gonna be really fun. And you know, Matt and I 190 00:08:28,280 --> 00:08:30,160 Speaker 1: are excited to go to a screening when it comes 191 00:08:30,360 --> 00:08:32,679 Speaker 1: to the Southeast, comes to Atlanta. We're totally gonna be 192 00:08:32,720 --> 00:08:34,920 Speaker 1: there and do whatever we can to support this documentary. 193 00:08:34,920 --> 00:08:37,560 Speaker 1: It's it's really neat. Yeah, man, that's right. So let's 194 00:08:37,600 --> 00:08:40,040 Speaker 1: mention the beer that we're drinking today, Matt, this is 195 00:08:40,080 --> 00:08:42,080 Speaker 1: only our second home brew we've ever had on the show, 196 00:08:42,080 --> 00:08:44,679 Speaker 1: but I'm really pumped. So today we have a beer 197 00:08:44,840 --> 00:08:47,720 Speaker 1: from I guess a brewing group, a group of guys 198 00:08:47,760 --> 00:08:52,000 Speaker 1: that gets together and they call themselves the Yeast Atlanta Brewers, 199 00:08:52,080 --> 00:08:55,440 Speaker 1: which is awesome because when we live in East Atlanta 200 00:08:55,559 --> 00:08:57,760 Speaker 1: and these guys are the Yeast Atlanta Brewers. And so 201 00:08:57,880 --> 00:09:01,440 Speaker 1: this was really kind of John. He donated a four 202 00:09:01,520 --> 00:09:03,560 Speaker 1: year old beer that he made that's been like just 203 00:09:03,679 --> 00:09:07,800 Speaker 1: chilling uh in his in his it's got a legit 204 00:09:07,880 --> 00:09:10,920 Speaker 1: seller with with you know, lines on top. He's got 205 00:09:10,920 --> 00:09:12,760 Speaker 1: it all. So I'm super excited to have this one. 206 00:09:12,800 --> 00:09:15,320 Speaker 1: It's an ud bruin uh and we've had that style 207 00:09:15,360 --> 00:09:17,439 Speaker 1: actually recently on the show. Yeah, so we kind of 208 00:09:17,440 --> 00:09:20,360 Speaker 1: fun to compare a bruin from last week that was 209 00:09:20,400 --> 00:09:22,319 Speaker 1: kind of made by the pros, and then this one 210 00:09:22,400 --> 00:09:24,439 Speaker 1: made by the guys that live in our neighborhood. All right, Matt, 211 00:09:24,520 --> 00:09:27,920 Speaker 1: let's get into the subject for today. We're all about 212 00:09:27,960 --> 00:09:30,160 Speaker 1: that piece out money. And this is kind of a 213 00:09:30,280 --> 00:09:33,280 Speaker 1: topic that people have discussed from time to time. And 214 00:09:33,360 --> 00:09:37,679 Speaker 1: the most popular term I've heard used for peace out money. 215 00:09:37,720 --> 00:09:39,480 Speaker 1: That's what we're gonna call it, but a lot of 216 00:09:39,520 --> 00:09:42,040 Speaker 1: people call it f you money in the financial space. 217 00:09:42,040 --> 00:09:43,520 Speaker 1: And so we're gonna talk about like why we don't 218 00:09:43,559 --> 00:09:46,079 Speaker 1: call it a few money in just a second, but really, 219 00:09:46,160 --> 00:09:49,160 Speaker 1: peace out money addresses this core issue because, as it 220 00:09:49,200 --> 00:09:51,880 Speaker 1: turns out, the majority of Americans are living paycheck to 221 00:09:51,880 --> 00:09:53,840 Speaker 1: paycheck and they don't even have a thousand dollars in 222 00:09:53,880 --> 00:09:56,520 Speaker 1: the bank. And so when that's the case, you feel 223 00:09:56,559 --> 00:09:58,800 Speaker 1: tied to your job and like you have no other options. 224 00:09:58,800 --> 00:10:01,320 Speaker 1: And so Matt, you and I feel like piece out money, 225 00:10:01,320 --> 00:10:02,920 Speaker 1: that's what we're going to call it, that this can 226 00:10:03,000 --> 00:10:07,319 Speaker 1: majorly address that issue. Yeah, that's right. So that's the answer, right, 227 00:10:07,360 --> 00:10:10,439 Speaker 1: And so we're defining it as just having enough money 228 00:10:10,480 --> 00:10:13,920 Speaker 1: to leave a situation where you could technically stay, you know, 229 00:10:14,000 --> 00:10:16,480 Speaker 1: you're fine there, you're making money. Even though you could 230 00:10:16,520 --> 00:10:19,120 Speaker 1: technically stay, you're not going to. You're going to choose 231 00:10:19,160 --> 00:10:21,880 Speaker 1: not to, and so to have the money that allows 232 00:10:21,880 --> 00:10:24,320 Speaker 1: you to do that. That's how we're going to define 233 00:10:24,320 --> 00:10:26,920 Speaker 1: piece out money to essentially throw up the peace sign 234 00:10:26,960 --> 00:10:29,679 Speaker 1: with your fingers out, like two fingers out, one right, 235 00:10:29,679 --> 00:10:31,160 Speaker 1: because if you money is like the one finger, and 236 00:10:31,200 --> 00:10:33,240 Speaker 1: piece o money's like the two fingers right, And so 237 00:10:33,440 --> 00:10:35,960 Speaker 1: you're you're saying, all right, you know what, I've got 238 00:10:35,960 --> 00:10:38,200 Speaker 1: what I need and I'm out of here, whatever it is. 239 00:10:38,440 --> 00:10:40,000 Speaker 1: And so we yeah, we think you can do this 240 00:10:40,040 --> 00:10:42,320 Speaker 1: in a respectful way, and we'll talk about like all 241 00:10:42,360 --> 00:10:44,320 Speaker 1: the benefits of having this piece out money, like how 242 00:10:44,360 --> 00:10:47,040 Speaker 1: you actually a crew piece out money and what it's 243 00:10:47,120 --> 00:10:50,079 Speaker 1: actually used for. But ultimately, peace out money is kind 244 00:10:50,080 --> 00:10:51,880 Speaker 1: of more of an attitude than it even is a 245 00:10:51,880 --> 00:10:54,640 Speaker 1: financial position, right. It is important to have that money 246 00:10:54,679 --> 00:10:56,640 Speaker 1: in your bank account to back you up when you're 247 00:10:56,679 --> 00:10:59,040 Speaker 1: ready to say your piece out to a job or 248 00:10:59,320 --> 00:11:01,120 Speaker 1: piece out to us situation that you're in that you 249 00:11:01,120 --> 00:11:04,160 Speaker 1: find yourself uncomfortable and and having that amount of money 250 00:11:04,160 --> 00:11:07,880 Speaker 1: in your bank account to back you up right is crucial. 251 00:11:08,040 --> 00:11:10,360 Speaker 1: But it also is an attitude. And I like this 252 00:11:10,440 --> 00:11:13,360 Speaker 1: quote from Johnny Carson, former late night host, right, he said, 253 00:11:13,760 --> 00:11:15,800 Speaker 1: all that means is that I don't have to do 254 00:11:15,920 --> 00:11:18,360 Speaker 1: what I don't want to do, right, And I've heard 255 00:11:18,360 --> 00:11:20,640 Speaker 1: that from a lot of performers, especially if you're an artist, 256 00:11:21,240 --> 00:11:24,640 Speaker 1: if you're a stand up comedian, and someone says, hey, 257 00:11:24,920 --> 00:11:26,920 Speaker 1: you can't say that, Hey, you need to take this 258 00:11:26,960 --> 00:11:29,120 Speaker 1: down from your website, whatever it is. I remember an 259 00:11:29,160 --> 00:11:31,240 Speaker 1: article that Mr money Mustache wrote a while a while 260 00:11:31,280 --> 00:11:33,680 Speaker 1: back that a credit card issuer wanted him to take 261 00:11:33,760 --> 00:11:35,600 Speaker 1: one cuss word that he put on his website off 262 00:11:35,640 --> 00:11:38,160 Speaker 1: of it, and it was gonna mean forty more dollars 263 00:11:38,160 --> 00:11:40,520 Speaker 1: for him, but it meant ultimately a compromise of his 264 00:11:40,640 --> 00:11:42,560 Speaker 1: values to do it, and so he said, no, way, 265 00:11:42,720 --> 00:11:44,840 Speaker 1: not gonna do it. That's the kind of peace out 266 00:11:44,840 --> 00:11:46,679 Speaker 1: money that we're talking about. Get out of here. I 267 00:11:46,720 --> 00:11:48,440 Speaker 1: don't need your money. I have to I'm gonna live 268 00:11:48,480 --> 00:11:50,720 Speaker 1: life on my terms. Yeah. I think it was actually 269 00:11:50,760 --> 00:11:53,480 Speaker 1: forty a month. Oh my gosh. Right, Yeah, that's a 270 00:11:53,520 --> 00:11:56,040 Speaker 1: lot of money. Yeah, if I remember right, it was 271 00:11:56,080 --> 00:11:58,640 Speaker 1: a serious amount of yeah, serious amount of money. I 272 00:11:58,640 --> 00:12:00,280 Speaker 1: think it was forty forty k a month. We're trying 273 00:12:00,280 --> 00:12:02,280 Speaker 1: to find that article in post a link to the show. Yeah, 274 00:12:02,520 --> 00:12:04,200 Speaker 1: that'd be great, and kind of going back to the 275 00:12:04,280 --> 00:12:05,719 Speaker 1: you know that the fu money. It's not that we're 276 00:12:05,720 --> 00:12:08,640 Speaker 1: opposed necessarily to to foul language, but it's just mostly 277 00:12:08,640 --> 00:12:12,120 Speaker 1: the idea that you're burning things down as you leave. Right. 278 00:12:12,200 --> 00:12:15,200 Speaker 1: You caught me all sorts of terrible things, but we 279 00:12:15,280 --> 00:12:17,400 Speaker 1: just don't like burning bridges first of all, Like we 280 00:12:17,440 --> 00:12:19,440 Speaker 1: don't feel that that's, you know, how you should necessarily 281 00:12:19,480 --> 00:12:22,800 Speaker 1: treat others. It's just not how we necessarily operate as 282 00:12:22,840 --> 00:12:26,640 Speaker 1: far as finding revenge, you know, exacting revenge on somebody 283 00:12:26,800 --> 00:12:28,559 Speaker 1: or feel like you're kind of sticking it to them. 284 00:12:28,760 --> 00:12:31,560 Speaker 1: And then secondly, jobs and just other opportunities that are 285 00:12:31,559 --> 00:12:34,160 Speaker 1: out there are just too well connected, you know, and 286 00:12:34,200 --> 00:12:38,280 Speaker 1: so it's honestly it's in our best interest, it's in 287 00:12:38,360 --> 00:12:41,640 Speaker 1: your best interest to not behave that way. The world 288 00:12:41,720 --> 00:12:44,080 Speaker 1: is just so connected now, and chances are if you 289 00:12:44,160 --> 00:12:46,959 Speaker 1: were to do something like that and really stick it 290 00:12:47,000 --> 00:12:49,920 Speaker 1: to maybe a former employer, I don't think that would 291 00:12:49,920 --> 00:12:51,839 Speaker 1: work out too well for you. Yeah, there's ways to 292 00:12:51,880 --> 00:12:55,120 Speaker 1: say peace out with two fingers right where you're doing 293 00:12:55,160 --> 00:12:58,160 Speaker 1: it in a kind of conscientious way. You're maintaining connections 294 00:12:58,160 --> 00:13:00,920 Speaker 1: with people, You're maintaining a humanity in the human relationship 295 00:13:00,960 --> 00:13:03,240 Speaker 1: to it. Really what it is, it's about this mindset 296 00:13:03,440 --> 00:13:05,160 Speaker 1: and it's about having the money in your bank account 297 00:13:05,160 --> 00:13:07,360 Speaker 1: to back it up. That says, you know what, I 298 00:13:07,400 --> 00:13:09,439 Speaker 1: don't need this job right now. I'm ready to move 299 00:13:09,440 --> 00:13:11,200 Speaker 1: on to something else. I'm ready to go in a 300 00:13:11,200 --> 00:13:13,720 Speaker 1: different direction with my life. Plus, our daughters just love 301 00:13:13,760 --> 00:13:15,800 Speaker 1: saying peace out, you know, every time they leave there 302 00:13:15,800 --> 00:13:18,839 Speaker 1: like piece out homies. I know, I think I got 303 00:13:18,960 --> 00:13:20,679 Speaker 1: my daughters already to go on this stuff like that. 304 00:13:21,360 --> 00:13:22,520 Speaker 1: So yeah, let's go ahead and move on to the 305 00:13:22,559 --> 00:13:25,160 Speaker 1: benefit first. You know, having peace out money it allows 306 00:13:25,200 --> 00:13:28,520 Speaker 1: you the ability to step away temporarily from a job. 307 00:13:28,840 --> 00:13:31,520 Speaker 1: It could be for health reasons for for you individually, 308 00:13:31,640 --> 00:13:33,920 Speaker 1: or maybe even for a family member, or there might 309 00:13:33,960 --> 00:13:36,559 Speaker 1: be just other sort of issues that might be going 310 00:13:36,600 --> 00:13:38,959 Speaker 1: on with your family, or even honestly, to quit a 311 00:13:39,040 --> 00:13:42,800 Speaker 1: job altogether. If there's just another opportunity that comes along, 312 00:13:43,120 --> 00:13:46,320 Speaker 1: It's something that would be much much riskier if you 313 00:13:46,360 --> 00:13:48,719 Speaker 1: did not have that piece out money. Yeah, if you 314 00:13:48,720 --> 00:13:50,120 Speaker 1: don't have any money in the bank account. If you 315 00:13:50,120 --> 00:13:53,040 Speaker 1: don't have anything backing you up financially, you can have 316 00:13:53,080 --> 00:13:56,200 Speaker 1: their mindset that you want to piece out all you want, right, 317 00:13:56,360 --> 00:13:58,079 Speaker 1: so you gotta have that financial backing. That's what that 318 00:13:58,080 --> 00:14:00,320 Speaker 1: piece out money is. Is this money come find with 319 00:14:00,320 --> 00:14:03,079 Speaker 1: your mindset. And it also emboldens you to ask for 320 00:14:03,120 --> 00:14:05,040 Speaker 1: the things that you really want. So maybe you don't 321 00:14:05,080 --> 00:14:07,480 Speaker 1: want to step away from your job. Maybe everything's fine, 322 00:14:07,520 --> 00:14:09,360 Speaker 1: you love your job, you don't want to quit, But 323 00:14:09,400 --> 00:14:11,120 Speaker 1: it also emboldens you to ask for those things that 324 00:14:11,160 --> 00:14:13,560 Speaker 1: you want, maybe a different project or a position you'd 325 00:14:13,559 --> 00:14:15,440 Speaker 1: like to take. Well, it gives you that empowerment to 326 00:14:15,480 --> 00:14:18,720 Speaker 1: ask for a raise or to negotiate even harder. Maybe 327 00:14:18,760 --> 00:14:21,280 Speaker 1: it involves less schmoozing, right, you don't have to be 328 00:14:21,360 --> 00:14:23,440 Speaker 1: there for events that you don't want to be a 329 00:14:23,440 --> 00:14:25,440 Speaker 1: part of, or gives you the ability to opt out 330 00:14:25,480 --> 00:14:27,600 Speaker 1: of meetings that you don't feel like are important for 331 00:14:27,640 --> 00:14:29,360 Speaker 1: you to be a part of. So it lets you 332 00:14:29,400 --> 00:14:32,560 Speaker 1: like call your own shots and be actively involved in 333 00:14:32,600 --> 00:14:35,440 Speaker 1: the process of what your work looks like. And that's 334 00:14:35,520 --> 00:14:38,120 Speaker 1: because it changes the outlook on what you're currently doing. 335 00:14:38,320 --> 00:14:40,440 Speaker 1: You can actually appreciate your work for what it is 336 00:14:40,680 --> 00:14:43,520 Speaker 1: and not just for that paycheck that's coming in. Awesome, man, 337 00:14:43,560 --> 00:14:46,720 Speaker 1: I love that, you know, also something else you should 338 00:14:46,800 --> 00:14:49,240 Speaker 1: hopefully be doing the right thing anyway at work, right, 339 00:14:49,600 --> 00:14:52,720 Speaker 1: But I think having a little bit of that backing right, 340 00:14:52,760 --> 00:14:54,320 Speaker 1: like you just said, a little bit of that piece 341 00:14:54,360 --> 00:14:57,400 Speaker 1: of money can hopefully give you that additional courage, a 342 00:14:57,440 --> 00:15:00,360 Speaker 1: little more fortitude to stand up for what's right, to 343 00:15:00,720 --> 00:15:03,480 Speaker 1: kind of stand up for what you actually believe in, 344 00:15:03,480 --> 00:15:06,240 Speaker 1: instead of maybe being pressured sometimes to do the things 345 00:15:06,280 --> 00:15:09,240 Speaker 1: that you feel that the company is doing. Sometimes you 346 00:15:09,280 --> 00:15:11,800 Speaker 1: might feel pressured to do something that might be a 347 00:15:11,880 --> 00:15:15,160 Speaker 1: little unethical or honestly even illegal, or take the most 348 00:15:15,160 --> 00:15:18,240 Speaker 1: expedient choice. Yeah, yeah, exactly. And if that's the case, 349 00:15:18,360 --> 00:15:21,400 Speaker 1: and even still hopefully money is not an issue for 350 00:15:21,480 --> 00:15:23,760 Speaker 1: you to make the right decision, but having that they're 351 00:15:24,280 --> 00:15:26,920 Speaker 1: definitely helps, yeah, mat So on that note, I feel 352 00:15:26,920 --> 00:15:29,440 Speaker 1: like it's really interesting that people with certain high level 353 00:15:29,480 --> 00:15:33,800 Speaker 1: government jobs, especially with access to top secret information, and 354 00:15:33,880 --> 00:15:38,160 Speaker 1: certain high level private sector workers just aren't eligible for 355 00:15:38,320 --> 00:15:42,200 Speaker 1: some of these positions with access to greater information if 356 00:15:42,200 --> 00:15:44,320 Speaker 1: they have high levels of debt or if they're just 357 00:15:44,360 --> 00:15:47,240 Speaker 1: in a bad money situation, and that's because their employer 358 00:15:47,400 --> 00:15:50,920 Speaker 1: or the government thinks that being in a bad financial 359 00:15:50,960 --> 00:15:54,520 Speaker 1: situation opens them up to the possibility of blackmail from 360 00:15:54,560 --> 00:15:57,240 Speaker 1: a foreign government or competing company. I think that that 361 00:15:57,280 --> 00:16:01,360 Speaker 1: speaks volumes right of how our personal finances can impact 362 00:16:01,800 --> 00:16:05,400 Speaker 1: at times our ability or willingness to do something that's 363 00:16:05,440 --> 00:16:08,160 Speaker 1: expedient or better in the short term for us, not 364 00:16:08,320 --> 00:16:10,960 Speaker 1: thinking about the long term game. And this kind of 365 00:16:11,040 --> 00:16:13,120 Speaker 1: idea of having some peace out money, of having some 366 00:16:13,200 --> 00:16:15,760 Speaker 1: financial stability in your life allows us to say, you 367 00:16:15,760 --> 00:16:17,880 Speaker 1: know what, no to the short term thing that might 368 00:16:17,920 --> 00:16:21,040 Speaker 1: seem like the best for right now, for today, but 369 00:16:21,240 --> 00:16:23,120 Speaker 1: ultimately in the end, we're going to be really bummed. 370 00:16:23,160 --> 00:16:24,280 Speaker 1: And we don't want to tell our kids that we 371 00:16:24,360 --> 00:16:25,880 Speaker 1: made that decision, and we don't want to have to 372 00:16:25,880 --> 00:16:27,320 Speaker 1: live with it for the rest of our lives. We 373 00:16:27,320 --> 00:16:29,840 Speaker 1: would rather do the thing that is right, or the 374 00:16:29,880 --> 00:16:33,080 Speaker 1: thing that that we think is best for us or 375 00:16:33,120 --> 00:16:35,240 Speaker 1: for our company. But we might choose to make that 376 00:16:35,360 --> 00:16:38,840 Speaker 1: the quick and easy decision that ultimately isn't best, and 377 00:16:38,880 --> 00:16:41,240 Speaker 1: it's because we're in a bad financial standing. And I 378 00:16:41,280 --> 00:16:43,800 Speaker 1: will say, man, I don't know that I've made a 379 00:16:43,880 --> 00:16:46,800 Speaker 1: necessarily a moral decision that was bad because of a 380 00:16:46,840 --> 00:16:48,920 Speaker 1: bad financial standing. But I will say when I had 381 00:16:48,960 --> 00:16:52,240 Speaker 1: no money, I feel like I made stupider money decisions. 382 00:16:52,360 --> 00:16:55,200 Speaker 1: I remember distinctly buying a car that was just cheap, 383 00:16:55,720 --> 00:16:58,080 Speaker 1: and that cheap car ended up costing me more in 384 00:16:58,120 --> 00:17:00,840 Speaker 1: the long run. It was just a bad money decision. 385 00:17:01,400 --> 00:17:03,960 Speaker 1: And so when you don't have that financial backing, you're 386 00:17:04,000 --> 00:17:07,280 Speaker 1: just prone and susceptible to making quicker decisions and often 387 00:17:07,359 --> 00:17:10,200 Speaker 1: ones that aren't as well thought through and can ultimately 388 00:17:10,640 --> 00:17:13,640 Speaker 1: be more harmful for you further down the road. Yeah, man, 389 00:17:13,680 --> 00:17:16,680 Speaker 1: I think that's absolutely true. Uh. And this also applies 390 00:17:16,760 --> 00:17:20,879 Speaker 1: not only to jobs, but also in personal relationships. You know, 391 00:17:20,960 --> 00:17:23,119 Speaker 1: you might be dating someone who you feel isn't like 392 00:17:23,280 --> 00:17:26,680 Speaker 1: quite the right one. Better not you're married, I said 393 00:17:26,680 --> 00:17:29,399 Speaker 1: to you, not me, uh, and you'd call it quits maybe, 394 00:17:29,440 --> 00:17:32,560 Speaker 1: except you feel a little you know, financially dependent on them. 395 00:17:32,760 --> 00:17:34,399 Speaker 1: And this could also be the case to like in 396 00:17:34,400 --> 00:17:37,040 Speaker 1: a housing or a roommate situation, you know, like you've 397 00:17:37,040 --> 00:17:38,480 Speaker 1: got a roommate or you feel you need to have 398 00:17:38,480 --> 00:17:40,879 Speaker 1: a roommate because you're in a position of sort of 399 00:17:40,920 --> 00:17:43,200 Speaker 1: financial weakness, like you don't have a lot of strength, 400 00:17:43,680 --> 00:17:45,239 Speaker 1: and you're like, well, I need to take this on. 401 00:17:45,359 --> 00:17:48,760 Speaker 1: And this isn't a great situation, but I need this, roommate. 402 00:17:48,840 --> 00:17:50,320 Speaker 1: You know, I need this to pay the rent, or 403 00:17:50,359 --> 00:17:52,119 Speaker 1: I need this to pay the mortgage. And you know, 404 00:17:52,200 --> 00:17:55,000 Speaker 1: I think this could also even apply to unhealthy relationships 405 00:17:55,000 --> 00:17:57,359 Speaker 1: with parents. A lot of times parents certainly have more 406 00:17:57,440 --> 00:18:00,679 Speaker 1: money than children do, and so times it can kind 407 00:18:00,680 --> 00:18:02,239 Speaker 1: of get weird. You know, it can get weird when 408 00:18:02,240 --> 00:18:05,400 Speaker 1: there's money involved, and how that can affect the relationship, 409 00:18:05,440 --> 00:18:08,080 Speaker 1: how that can affect the dynamics. And I think that's 410 00:18:08,119 --> 00:18:11,240 Speaker 1: definitely something worth considering and worth keeping in mind when 411 00:18:11,240 --> 00:18:14,000 Speaker 1: it comes to having the ability to have that money 412 00:18:14,080 --> 00:18:16,399 Speaker 1: on hand. Yeah, and Matt, I think too. We're not 413 00:18:16,480 --> 00:18:19,720 Speaker 1: advocating necessarily saying piece out to personal relationships, right and 414 00:18:19,760 --> 00:18:22,760 Speaker 1: saying well, I'm done with you, but having peace out 415 00:18:22,800 --> 00:18:25,159 Speaker 1: money allows you to kind of change the dynamic of 416 00:18:25,240 --> 00:18:28,960 Speaker 1: relationship that might be unhealthy or a relationship that you 417 00:18:28,960 --> 00:18:31,199 Speaker 1: can see, you know what this it's time for me 418 00:18:31,240 --> 00:18:33,320 Speaker 1: to move on, or if you know that it's not 419 00:18:33,400 --> 00:18:36,080 Speaker 1: working out, you know, it's just feeling trapped in the 420 00:18:36,119 --> 00:18:38,200 Speaker 1: same way that sometimes we feel trapped in our jobs, 421 00:18:38,400 --> 00:18:42,040 Speaker 1: which our relationships. Right their employer employee relationships, but the 422 00:18:42,080 --> 00:18:44,120 Speaker 1: same thing with you know, yeah, with interpersonal What makes 423 00:18:44,160 --> 00:18:46,440 Speaker 1: me think about our friend Grant, who runs the website 424 00:18:46,480 --> 00:18:48,840 Speaker 1: Millennial money dot com, and he tells a story about 425 00:18:48,880 --> 00:18:52,160 Speaker 1: how when he was in his mid twenties moving back 426 00:18:52,280 --> 00:18:55,439 Speaker 1: in with his parents and you know, eating dinner with 427 00:18:55,480 --> 00:18:57,760 Speaker 1: them every night, and it just changed the dynamic of 428 00:18:57,760 --> 00:19:00,639 Speaker 1: their relationship that he was living at home and his 429 00:19:00,680 --> 00:19:02,960 Speaker 1: parents thought, you know, even what, it's probably time for 430 00:19:03,040 --> 00:19:05,239 Speaker 1: Grant to be like out of the nest, you know, 431 00:19:05,280 --> 00:19:07,880 Speaker 1: doing his own thing. And he felt that dynamic right, 432 00:19:07,920 --> 00:19:10,080 Speaker 1: He understood and he wanted to be out of the 433 00:19:10,080 --> 00:19:12,800 Speaker 1: nest too, and so then he just kind of got 434 00:19:12,880 --> 00:19:15,000 Speaker 1: him motivated to work harder and get that piece out 435 00:19:15,040 --> 00:19:16,800 Speaker 1: money and feel like he could leave. And it wasn't 436 00:19:16,800 --> 00:19:18,280 Speaker 1: that he wanted to say piece out to his parents, 437 00:19:18,480 --> 00:19:20,679 Speaker 1: it was it was that the dynamic was off, it 438 00:19:20,840 --> 00:19:23,520 Speaker 1: wasn't what he wanted to be, and having that money 439 00:19:23,760 --> 00:19:26,560 Speaker 1: gave him that power right to bring that like relationship 440 00:19:26,640 --> 00:19:28,679 Speaker 1: dynamic back to what he wanted it to be with 441 00:19:28,720 --> 00:19:31,080 Speaker 1: his parents, where he wasn't dependent on them in his 442 00:19:31,119 --> 00:19:33,439 Speaker 1: mid twenties, but where he kind of could have his 443 00:19:33,520 --> 00:19:35,879 Speaker 1: own life. And I think at that point in your 444 00:19:35,920 --> 00:19:38,320 Speaker 1: life in your mid twenties, that's kind of the relationship 445 00:19:38,440 --> 00:19:40,040 Speaker 1: you want with your parents. You don't want to be 446 00:19:40,119 --> 00:19:43,280 Speaker 1: dependent on them. You you feel a sense of that, 447 00:19:43,359 --> 00:19:45,120 Speaker 1: it's that it's kind of weird, right that you're still 448 00:19:45,119 --> 00:19:47,760 Speaker 1: dependent on them at that age. And I remember going 449 00:19:47,760 --> 00:19:50,720 Speaker 1: through that at at different times. Specifically, I moved back 450 00:19:50,720 --> 00:19:53,159 Speaker 1: in with my parents for a few months when my 451 00:19:53,280 --> 00:19:55,639 Speaker 1: roommate moved to another state and I was saving up 452 00:19:55,640 --> 00:19:58,399 Speaker 1: my last few dollars to buy, you know, my first house, 453 00:19:58,800 --> 00:20:02,120 Speaker 1: and that three month was like really hard for me 454 00:20:02,400 --> 00:20:05,600 Speaker 1: as a year old to move back here with my parents. UM. 455 00:20:05,640 --> 00:20:07,720 Speaker 1: I was like super thankful that I had that ability 456 00:20:07,840 --> 00:20:10,840 Speaker 1: to go land there, but it was hard mentally. Relationally, 457 00:20:11,480 --> 00:20:15,040 Speaker 1: I'm thankful that we're close. I love my parents, but 458 00:20:15,119 --> 00:20:17,080 Speaker 1: it was weird, right, And and so I just think 459 00:20:17,080 --> 00:20:20,000 Speaker 1: that that peace out money developing, that having that ability 460 00:20:20,359 --> 00:20:22,600 Speaker 1: it can change the dynamic of relationship that you feel 461 00:20:22,600 --> 00:20:25,320 Speaker 1: like has gotten tweaked in a way that you didn't 462 00:20:25,320 --> 00:20:27,240 Speaker 1: want it to be. Yeah, man, that's right. There are 463 00:20:27,280 --> 00:20:30,040 Speaker 1: countless benefits to having peace out money. Um. And as 464 00:20:30,080 --> 00:20:32,280 Speaker 1: we talk about this too, it sounds like we might 465 00:20:32,320 --> 00:20:36,320 Speaker 1: be talking even more about financial independence, and it's not 466 00:20:36,560 --> 00:20:38,359 Speaker 1: the way we're defining it. In the way we're talking 467 00:20:38,359 --> 00:20:41,920 Speaker 1: about it. Peace out money is different than being financially independent, 468 00:20:42,400 --> 00:20:53,960 Speaker 1: and after the break we will tell you how. Okay, man, 469 00:20:54,119 --> 00:20:56,199 Speaker 1: So we just touched on this, but having peace ou 470 00:20:56,280 --> 00:20:59,640 Speaker 1: money is not the same thing as hitting or achieving 471 00:20:59,640 --> 00:21:05,320 Speaker 1: financi independence, and specifically financial independence or five like we 472 00:21:05,359 --> 00:21:08,400 Speaker 1: refer to it sometimes is being able to do whatever 473 00:21:08,480 --> 00:21:12,080 Speaker 1: you want, whenever you want and essentially indefinitely. Right. It's 474 00:21:12,080 --> 00:21:16,320 Speaker 1: sort of the pinnacle, that's that's the goal that a 475 00:21:16,359 --> 00:21:19,840 Speaker 1: lot of us are sort of loosely chasing after, or 476 00:21:19,880 --> 00:21:23,239 Speaker 1: some folks are going after it like hardcore, essentially not 477 00:21:23,320 --> 00:21:25,920 Speaker 1: having to work anymore where you don't need that income, 478 00:21:26,560 --> 00:21:28,840 Speaker 1: all right, man, Yes, So think of piece our money 479 00:21:28,880 --> 00:21:32,359 Speaker 1: as more of many retirement compared to early retirement. Right. 480 00:21:32,440 --> 00:21:34,720 Speaker 1: Piece out money gives you that ability to change course, 481 00:21:34,720 --> 00:21:36,920 Speaker 1: find a new career, or go back to school, even 482 00:21:36,960 --> 00:21:39,480 Speaker 1: start a new business, even if you're not financially independent, right, 483 00:21:39,480 --> 00:21:42,440 Speaker 1: Because that that's like a big bar to try to achieve. 484 00:21:42,760 --> 00:21:47,239 Speaker 1: Becoming financially independent. That takes usually for most people a 485 00:21:47,240 --> 00:21:49,720 Speaker 1: lot more than a decade even Yeah, yeah, years and years, 486 00:21:49,800 --> 00:21:52,639 Speaker 1: but peace out money can be achieved rather quickly and 487 00:21:52,720 --> 00:21:54,520 Speaker 1: gives you that ability to say, you know what, I 488 00:21:54,520 --> 00:21:56,080 Speaker 1: don't have to do anything I don't want to do 489 00:21:56,119 --> 00:21:58,399 Speaker 1: for the next three months. But there's some people that 490 00:21:58,440 --> 00:22:02,160 Speaker 1: have prioritized many retirements, which means I take a little 491 00:22:02,160 --> 00:22:03,760 Speaker 1: bit of time here, I take a little bit of 492 00:22:03,800 --> 00:22:06,000 Speaker 1: time two years from now, uh, and I get to 493 00:22:06,280 --> 00:22:08,200 Speaker 1: pursue the things that I want. I get to travel 494 00:22:08,240 --> 00:22:10,840 Speaker 1: for a little bit, live cheaply, whatever it is. But 495 00:22:11,119 --> 00:22:13,680 Speaker 1: I'm not committing myself to a full time day job 496 00:22:14,040 --> 00:22:15,919 Speaker 1: and think of peace of money kind of like that. 497 00:22:16,040 --> 00:22:19,160 Speaker 1: It's not this full on early retirement. I'm done, but 498 00:22:19,359 --> 00:22:21,200 Speaker 1: it is this mini retirement where you get to take 499 00:22:21,200 --> 00:22:24,399 Speaker 1: a break. It's like stop gap financial independence, you know, 500 00:22:24,480 --> 00:22:26,880 Speaker 1: like Cobra health insurance. It's sort of like this sort 501 00:22:26,880 --> 00:22:29,640 Speaker 1: of filler like in the meantime, like you said, while 502 00:22:29,680 --> 00:22:32,280 Speaker 1: you're trying to sort of redirect your career or figure 503 00:22:32,280 --> 00:22:34,120 Speaker 1: out what it is that's most important to you. It's 504 00:22:34,119 --> 00:22:36,000 Speaker 1: sort of like a bridge to kind of get you 505 00:22:36,119 --> 00:22:38,640 Speaker 1: from the work that you're doing now to the work 506 00:22:38,680 --> 00:22:40,800 Speaker 1: that you're gonna want to do on the other side 507 00:22:40,840 --> 00:22:43,239 Speaker 1: of that. It's not the absence of work. It's kind 508 00:22:43,280 --> 00:22:45,920 Speaker 1: of getting from work now, so what you actually want 509 00:22:45,960 --> 00:22:48,280 Speaker 1: to be doing after the fact. Yeah, so that's the 510 00:22:48,280 --> 00:22:50,800 Speaker 1: biggest difference. You need that piece of money and it 511 00:22:50,840 --> 00:22:53,960 Speaker 1: helps smooth that path. So that brings up the question. 512 00:22:54,000 --> 00:22:56,840 Speaker 1: I feel like, Matt, at what point have you achieved 513 00:22:57,280 --> 00:22:59,800 Speaker 1: this goal of peace out money? There is no magic number, 514 00:22:59,800 --> 00:23:01,880 Speaker 1: as it turns out, and it's different for everyone. Yeah, 515 00:23:01,880 --> 00:23:04,080 Speaker 1: and it's almost less of a goal, and it's just 516 00:23:04,160 --> 00:23:05,879 Speaker 1: sort of like this thing that you're working on, you know, 517 00:23:05,960 --> 00:23:07,800 Speaker 1: it's sort of like this fund that you're kind of 518 00:23:07,800 --> 00:23:11,280 Speaker 1: building up to deploy, you know, when the time arises 519 00:23:11,280 --> 00:23:13,400 Speaker 1: when you are finally fed up, maybe with your job, 520 00:23:13,520 --> 00:23:15,639 Speaker 1: or maybe when you see an opportunity that comes along 521 00:23:16,080 --> 00:23:17,879 Speaker 1: where you think, you know, this is going to require 522 00:23:17,920 --> 00:23:19,600 Speaker 1: six months of my time, or this is going to 523 00:23:19,720 --> 00:23:22,719 Speaker 1: require a few months of me hanging out with my family. 524 00:23:22,800 --> 00:23:24,720 Speaker 1: What you know, it doesn't have to be work related. 525 00:23:24,720 --> 00:23:28,160 Speaker 1: It can just even be a personal values sort of thing. 526 00:23:28,720 --> 00:23:30,119 Speaker 1: So it's not like there's gonna be a point at 527 00:23:30,160 --> 00:23:31,800 Speaker 1: which you feel like you've achieved it. It's not like 528 00:23:31,880 --> 00:23:34,679 Speaker 1: financial independence, like we said, uh in that way, but 529 00:23:34,760 --> 00:23:37,399 Speaker 1: it's something that you're you're working towards. So figure out 530 00:23:37,440 --> 00:23:39,400 Speaker 1: your goals, you know, again, whether that be a six 531 00:23:39,440 --> 00:23:42,159 Speaker 1: month road trip maybe with some friends, or just taking 532 00:23:42,200 --> 00:23:44,879 Speaker 1: a year off to start a business, that length of 533 00:23:44,920 --> 00:23:47,760 Speaker 1: time is what's going to determine how much peace out 534 00:23:47,800 --> 00:23:50,600 Speaker 1: money you need to have on hand. Yeah, So depending 535 00:23:50,680 --> 00:23:53,280 Speaker 1: on what your goal is, that kind of determines the 536 00:23:53,400 --> 00:23:55,520 Speaker 1: level of peace out money you need to be working 537 00:23:55,520 --> 00:23:57,439 Speaker 1: to achieve. So you need to make sure you have 538 00:23:57,560 --> 00:24:00,840 Speaker 1: enough set aside to cover your living expenses for that 539 00:24:00,880 --> 00:24:04,240 Speaker 1: period of time, assuming that you'll be able to begin 540 00:24:04,280 --> 00:24:06,879 Speaker 1: working or earning again when that time period is up. So, 541 00:24:06,960 --> 00:24:09,199 Speaker 1: if you are taking that year to start a business, right, 542 00:24:09,240 --> 00:24:11,560 Speaker 1: you know you're gonna be working the whole time, but 543 00:24:11,560 --> 00:24:14,520 Speaker 1: you're gonna be building that thing that you want to build, right, 544 00:24:14,720 --> 00:24:16,440 Speaker 1: and so you're gonna need a year's worth of peace 545 00:24:16,440 --> 00:24:19,680 Speaker 1: out money while you are able to say, buy to 546 00:24:19,760 --> 00:24:22,040 Speaker 1: your day job and go work at this business that 547 00:24:22,080 --> 00:24:24,080 Speaker 1: you know is going to be successful, that you are 548 00:24:24,200 --> 00:24:26,960 Speaker 1: excited to create and that gets you jazz to wake 549 00:24:27,040 --> 00:24:28,919 Speaker 1: up every morning. Right, that is worth it. That is 550 00:24:29,000 --> 00:24:31,720 Speaker 1: worth a year's worth of expenses. And so it doesn't 551 00:24:32,200 --> 00:24:34,679 Speaker 1: mean you have to be financially independent, but you do 552 00:24:34,760 --> 00:24:37,080 Speaker 1: have to have that year's worth of peace out money 553 00:24:37,280 --> 00:24:39,840 Speaker 1: in order to make that dream a reality. So, dude, 554 00:24:39,840 --> 00:24:42,800 Speaker 1: speaking of something that I wanted to create, that's exactly 555 00:24:42,800 --> 00:24:44,399 Speaker 1: what what Kit and I did when it came to 556 00:24:44,480 --> 00:24:47,000 Speaker 1: our photography company. You know, I was working full time 557 00:24:47,119 --> 00:24:50,480 Speaker 1: as a graphic designer, and we had this dream to 558 00:24:50,520 --> 00:24:52,719 Speaker 1: start our own business and to be able to work together. 559 00:24:53,000 --> 00:24:54,879 Speaker 1: And we were able to do that. Man, we had 560 00:24:55,400 --> 00:24:57,280 Speaker 1: saved up enough money, we had, you know, our peace 561 00:24:57,280 --> 00:25:00,240 Speaker 1: out money set aside. Also though we were making money 562 00:25:00,280 --> 00:25:02,560 Speaker 1: from the very beginning, and so for us it wasn't 563 00:25:02,880 --> 00:25:05,600 Speaker 1: as risky or as scary of a step because from 564 00:25:05,680 --> 00:25:08,040 Speaker 1: day one we're able to start earning some income, you know, 565 00:25:08,080 --> 00:25:10,320 Speaker 1: from our side gig. But that being said, if we 566 00:25:10,320 --> 00:25:12,080 Speaker 1: didn't have any money, if we didn't have any of 567 00:25:12,080 --> 00:25:14,159 Speaker 1: that piece out money in case things would have fell flat, 568 00:25:14,200 --> 00:25:17,399 Speaker 1: it would have been much much scarier to have stepped 569 00:25:17,440 --> 00:25:19,520 Speaker 1: away from that w two you know, Yeah, Matt, And 570 00:25:19,560 --> 00:25:21,480 Speaker 1: that makes me think about episode thirty five that we 571 00:25:21,480 --> 00:25:23,359 Speaker 1: talked about creating a dope side hustle, and it kind 572 00:25:23,359 --> 00:25:25,160 Speaker 1: of intertwines with this. If that's something that you really 573 00:25:25,240 --> 00:25:27,160 Speaker 1: want to do, you want to create your own thing. 574 00:25:27,440 --> 00:25:29,439 Speaker 1: Go check out that episode, and I think you know 575 00:25:29,480 --> 00:25:31,679 Speaker 1: what you're talking about there. That was your side hustle 576 00:25:31,840 --> 00:25:33,920 Speaker 1: that turned into a full time gig. But the thing 577 00:25:33,960 --> 00:25:37,880 Speaker 1: that bridged you over right from side hustle to being 578 00:25:37,920 --> 00:25:39,600 Speaker 1: a full time gig was that peace out money. It 579 00:25:39,640 --> 00:25:41,679 Speaker 1: gave you that buffer that said, you know what I 580 00:25:41,720 --> 00:25:43,520 Speaker 1: can fail or not do as well as I think 581 00:25:43,520 --> 00:25:45,880 Speaker 1: I'm gonna do for a period of time while I'm 582 00:25:45,880 --> 00:25:48,200 Speaker 1: building this thing up. And that piece out money, man, 583 00:25:48,240 --> 00:25:50,600 Speaker 1: it gave you a lot of confidence to tackle that 584 00:25:50,720 --> 00:25:54,400 Speaker 1: endeavor that you felt compelled to do. Yeah, and something else, man, 585 00:25:54,480 --> 00:25:57,919 Speaker 1: is that we didn't have uh any debt when we 586 00:25:57,920 --> 00:26:00,680 Speaker 1: were able to to take that on. Had we had 587 00:26:00,720 --> 00:26:03,000 Speaker 1: a lot more debt or you know, any payments sort 588 00:26:03,000 --> 00:26:05,199 Speaker 1: of hanging over our head, we would have had to 589 00:26:05,240 --> 00:26:09,880 Speaker 1: have amassed and stored up a much fatter uh piece 590 00:26:09,920 --> 00:26:13,160 Speaker 1: out money stash, right, And that may have sort of 591 00:26:13,600 --> 00:26:15,560 Speaker 1: throwing a wet blanket on our dreams to kind of 592 00:26:15,560 --> 00:26:18,160 Speaker 1: start our own business. And so because we were living frugally, 593 00:26:18,440 --> 00:26:20,280 Speaker 1: and we'll talk more about that a little bit later, 594 00:26:20,560 --> 00:26:22,399 Speaker 1: but we were able to sort of chase after what 595 00:26:22,440 --> 00:26:25,200 Speaker 1: it was that we wanted to do sooner. All right, Matt, 596 00:26:25,200 --> 00:26:27,000 Speaker 1: after the break, we'll talk about where you should be 597 00:26:27,040 --> 00:26:29,359 Speaker 1: putting your piece out money and how you should be 598 00:26:29,359 --> 00:26:31,480 Speaker 1: thinking about it if you don't feel like you even 599 00:26:31,520 --> 00:26:42,120 Speaker 1: have a solid goal in mind yet. All right, Matt, 600 00:26:42,160 --> 00:26:43,720 Speaker 1: back from the break, and we want to talk about 601 00:26:43,760 --> 00:26:46,520 Speaker 1: where you should be keeping your peace out money, because 602 00:26:47,400 --> 00:26:49,439 Speaker 1: we've talked a lot kind of about the philosophy behind it, 603 00:26:50,119 --> 00:26:52,680 Speaker 1: why you want to accrue it. Yeah, now the nuts 604 00:26:52,720 --> 00:26:55,200 Speaker 1: and bolts man, nuts and bolts, lay it on us. Well, 605 00:26:55,240 --> 00:26:56,760 Speaker 1: you don't want to tap your four oh one k 606 00:26:57,040 --> 00:26:59,680 Speaker 1: right in the event of feeling like you need to 607 00:26:59,720 --> 00:27:01,960 Speaker 1: get get out of a situation, feeling like you need 608 00:27:02,000 --> 00:27:03,800 Speaker 1: to quit your job, or it's time to start your 609 00:27:03,800 --> 00:27:05,520 Speaker 1: own business, or even if you just want to get 610 00:27:05,520 --> 00:27:07,960 Speaker 1: out of a living situation. Right, like we mentioned earlier, 611 00:27:08,280 --> 00:27:11,520 Speaker 1: tapping her four oh one k, getting those reserves, you know, 612 00:27:11,600 --> 00:27:14,680 Speaker 1: in paying the tax and penalties associated with it, that's 613 00:27:14,720 --> 00:27:16,400 Speaker 1: not what you want to do. So your piece out 614 00:27:16,400 --> 00:27:19,600 Speaker 1: money should not be in long term investments. I will say, 615 00:27:19,720 --> 00:27:23,560 Speaker 1: you know, over time, years and decades of accruing investments 616 00:27:23,600 --> 00:27:25,399 Speaker 1: like that can actually kind of help you and give 617 00:27:25,440 --> 00:27:27,280 Speaker 1: you a little more fortitude when it comes to making 618 00:27:27,880 --> 00:27:30,399 Speaker 1: decisions that might not be in the best interest of 619 00:27:30,480 --> 00:27:33,479 Speaker 1: your pocketbook but in the best interest of your life choices, 620 00:27:33,960 --> 00:27:36,040 Speaker 1: but to live on for the time being when you're 621 00:27:36,040 --> 00:27:38,679 Speaker 1: making an important decision, that piece out money needs to 622 00:27:38,680 --> 00:27:42,960 Speaker 1: be liquid and readily available, and alternative source of income 623 00:27:43,080 --> 00:27:45,880 Speaker 1: is also just really helpful. Uh So this can either 624 00:27:45,920 --> 00:27:48,120 Speaker 1: come from say like a rental or maybe a side 625 00:27:48,160 --> 00:27:51,120 Speaker 1: hustle that you have. Um and this is definitely, uh 626 00:27:51,240 --> 00:27:53,960 Speaker 1: something that's great to have if you're younger. But not 627 00:27:54,080 --> 00:27:56,959 Speaker 1: having just that massive sort of war chest, right that 628 00:27:57,000 --> 00:27:59,600 Speaker 1: you saved up for this this opportunity or for whatever 629 00:27:59,640 --> 00:28:01,080 Speaker 1: reason it is that you you know, want to be 630 00:28:01,119 --> 00:28:03,080 Speaker 1: able to take some time off. That is not the 631 00:28:03,160 --> 00:28:05,240 Speaker 1: only way to be able to have that piece out money. 632 00:28:05,359 --> 00:28:07,719 Speaker 1: You know, you can have sort of this stack of cash, 633 00:28:07,760 --> 00:28:09,760 Speaker 1: but then you can also have that sort of side 634 00:28:09,800 --> 00:28:12,560 Speaker 1: source of income and that will help offset the amount 635 00:28:12,560 --> 00:28:15,080 Speaker 1: of money that you need to have set aside in 636 00:28:15,160 --> 00:28:17,800 Speaker 1: order to piece out. Yeah, something else that kind of 637 00:28:17,840 --> 00:28:20,520 Speaker 1: helps offset that amount of money that you need is 638 00:28:20,800 --> 00:28:23,000 Speaker 1: living a frugal lifestyle, right and a while backmat and 639 00:28:23,040 --> 00:28:24,880 Speaker 1: one of in one of our episodes, we talked about 640 00:28:24,880 --> 00:28:28,240 Speaker 1: how frugality gives you options and it kind of is 641 00:28:28,280 --> 00:28:31,320 Speaker 1: the same exact thing here. Just living a frugal lifestyle, 642 00:28:31,720 --> 00:28:34,800 Speaker 1: less money coming out of your account every month than 643 00:28:35,040 --> 00:28:37,879 Speaker 1: is coming in and buy a wide margin. Right living 644 00:28:37,880 --> 00:28:40,760 Speaker 1: that frugal lifestyle. If you're spending is equivalent to your earnings, 645 00:28:40,800 --> 00:28:43,960 Speaker 1: you can't save up piece out money, It's not possible. 646 00:28:44,160 --> 00:28:46,800 Speaker 1: You'll be a perpetual slave to your job. So listen 647 00:28:46,840 --> 00:28:50,000 Speaker 1: to episode number twenty eight for more on how frugality 648 00:28:50,000 --> 00:28:52,960 Speaker 1: can give you those options. Cutting back and making sure 649 00:28:53,040 --> 00:28:55,320 Speaker 1: that you're able to save more and more of your 650 00:28:55,320 --> 00:28:58,400 Speaker 1: paycheck gives you that piece out money much more quickly. 651 00:28:58,720 --> 00:29:01,760 Speaker 1: And then also it means you have a lesser lifestyle 652 00:29:01,840 --> 00:29:05,120 Speaker 1: to fund while you're trying to achieve that new goal 653 00:29:05,480 --> 00:29:09,600 Speaker 1: or make that life change. Dude, I love that. That's awesome. Also, 654 00:29:09,960 --> 00:29:13,720 Speaker 1: be brave and take those risks. There's no point and 655 00:29:13,880 --> 00:29:15,960 Speaker 1: having that piece of money if you don't use it 656 00:29:16,200 --> 00:29:18,440 Speaker 1: when the time comes and when you need it. You're 657 00:29:18,440 --> 00:29:20,880 Speaker 1: not just saving up that money. It's to become wealthier 658 00:29:20,880 --> 00:29:24,040 Speaker 1: and to fatten your your checking account or your savings account. 659 00:29:24,080 --> 00:29:27,000 Speaker 1: You're you're creating that piece on money in order to 660 00:29:27,160 --> 00:29:29,320 Speaker 1: make your life better. You know, when there's opportunities, like 661 00:29:29,360 --> 00:29:31,520 Speaker 1: we keep saying that come along, that is when you 662 00:29:31,520 --> 00:29:33,480 Speaker 1: need to put that money to use. You have that 663 00:29:33,560 --> 00:29:36,360 Speaker 1: money for opportunities. It's there to make your life better. 664 00:29:36,520 --> 00:29:38,680 Speaker 1: It's not there just to make you feel richer or 665 00:29:38,720 --> 00:29:41,560 Speaker 1: to inflate your lifestyle. Yeah. Man, that makes me think 666 00:29:41,560 --> 00:29:45,400 Speaker 1: too that you should start working on that piece out 667 00:29:45,440 --> 00:29:48,080 Speaker 1: money fund now, even if you don't really know what 668 00:29:48,120 --> 00:29:50,800 Speaker 1: your goal is, right. So I feel like too, especially 669 00:29:50,840 --> 00:29:52,800 Speaker 1: if you're listening to this and you're in your early 670 00:29:52,840 --> 00:29:56,200 Speaker 1: twenties and you're not sure, like, why would I started 671 00:29:56,240 --> 00:29:58,640 Speaker 1: asking this fund? I don't really know what my goal is, right, 672 00:29:58,680 --> 00:30:01,240 Speaker 1: I'm new to the work world and I'm kind of 673 00:30:01,280 --> 00:30:03,840 Speaker 1: figuring out the ropes right now. Well, the piece out 674 00:30:03,880 --> 00:30:06,600 Speaker 1: money fund is still really important for you because in 675 00:30:06,640 --> 00:30:08,760 Speaker 1: a few years you're gonna kind of start to realize 676 00:30:09,120 --> 00:30:11,040 Speaker 1: what you like, what you don't like about your job, 677 00:30:11,320 --> 00:30:13,800 Speaker 1: what you want out of a career, and building up 678 00:30:13,800 --> 00:30:17,280 Speaker 1: that piece out money fund now gives you that ability 679 00:30:17,560 --> 00:30:19,880 Speaker 1: kind of right when you start to realize it, to 680 00:30:19,880 --> 00:30:22,440 Speaker 1: to make some moves and for someone right now who 681 00:30:22,480 --> 00:30:24,640 Speaker 1: doesn't have a piece out money fund and they are 682 00:30:24,800 --> 00:30:27,320 Speaker 1: stuck in a job or stuck in a living situation 683 00:30:27,360 --> 00:30:29,880 Speaker 1: that they're not thrilled about. Right, well, you gotta start 684 00:30:29,880 --> 00:30:32,640 Speaker 1: working on it now. Uh. And there's there's no better 685 00:30:32,640 --> 00:30:35,600 Speaker 1: time than the present to make a change, to increase 686 00:30:35,640 --> 00:30:39,080 Speaker 1: your savings rate and to start developing that fund. Yes. So, 687 00:30:39,120 --> 00:30:41,360 Speaker 1: no matter whether you are early on in your work 688 00:30:41,400 --> 00:30:43,280 Speaker 1: career and and you don't have your goal yet, or 689 00:30:43,480 --> 00:30:45,880 Speaker 1: you're just starting to realize that you don't really love 690 00:30:45,960 --> 00:30:48,520 Speaker 1: your career and you also don't have a goal in mind, 691 00:30:48,720 --> 00:30:51,080 Speaker 1: we'll start working on that piece out money fund now. 692 00:30:51,520 --> 00:30:53,959 Speaker 1: And it might take some time to realize what that 693 00:30:53,960 --> 00:30:56,160 Speaker 1: goal is, but start also kind of putting that time 694 00:30:56,200 --> 00:30:58,840 Speaker 1: in mentally to think about what it is you really 695 00:30:58,880 --> 00:31:01,120 Speaker 1: want out of life. Ye man, You know, honestly, this 696 00:31:01,200 --> 00:31:03,520 Speaker 1: makes me think of like the Why behind Money episode 697 00:31:03,520 --> 00:31:05,040 Speaker 1: that we did, and I feel like this is one 698 00:31:05,040 --> 00:31:07,760 Speaker 1: that we're going to revisit constantly because for so many people, 699 00:31:08,360 --> 00:31:11,240 Speaker 1: that's that's where they are. They might be, like you said, 700 00:31:11,280 --> 00:31:13,360 Speaker 1: earlier in the career and they don't know exactly why 701 00:31:13,400 --> 00:31:15,360 Speaker 1: they're sort of saving up their money. They're like, well, 702 00:31:15,360 --> 00:31:16,600 Speaker 1: why would I want to do that. You know, I 703 00:31:16,600 --> 00:31:19,320 Speaker 1: don't have any clear cut goals. I don't have any 704 00:31:19,360 --> 00:31:21,720 Speaker 1: sort of aspirations beyond what I'm doing right now and 705 00:31:21,760 --> 00:31:23,840 Speaker 1: I'm enjoying it. So why would I want to, you know, 706 00:31:23,960 --> 00:31:26,200 Speaker 1: have piece out money. Well, the fact is, there will 707 00:31:26,360 --> 00:31:28,440 Speaker 1: likely come a time when you're gonna want to make 708 00:31:28,440 --> 00:31:31,120 Speaker 1: a change, and it's always helpful to you know, to 709 00:31:31,240 --> 00:31:34,400 Speaker 1: have savings to invest or to have margin, to be 710 00:31:34,440 --> 00:31:36,520 Speaker 1: able to take time off, or to have piece out 711 00:31:36,560 --> 00:31:38,520 Speaker 1: money to say, all right, I'm gonna take this new 712 00:31:38,520 --> 00:31:42,680 Speaker 1: opportunity giving yourself that that margin, And essentially that's kind 713 00:31:42,680 --> 00:31:44,840 Speaker 1: of all piece out money is, right, Like, you can 714 00:31:44,880 --> 00:31:47,880 Speaker 1: call it different things. You can call it an emergency fund, 715 00:31:48,080 --> 00:31:50,280 Speaker 1: or you can call it a cushion, but what you 716 00:31:50,400 --> 00:31:52,520 Speaker 1: use it for, in my mind, that's what makes it 717 00:31:52,600 --> 00:31:55,520 Speaker 1: peace out money, right, Yeah, that's the mindset behind it. Yeah, 718 00:31:55,560 --> 00:31:57,400 Speaker 1: it's that next step. It's like, Okay, how am I 719 00:31:57,400 --> 00:31:59,560 Speaker 1: going to get from here to there? Like how am 720 00:31:59,600 --> 00:32:02,360 Speaker 1: I gonna bridge that gap to do what I really 721 00:32:02,360 --> 00:32:04,880 Speaker 1: want to do and what I really love? And that, 722 00:32:05,000 --> 00:32:07,000 Speaker 1: to me, that's what that's like the essence of peace 723 00:32:07,000 --> 00:32:08,720 Speaker 1: out money. I don't know why, but it's really making 724 00:32:08,720 --> 00:32:10,920 Speaker 1: me think about Michael Jackson's Man in the Mirror right now, 725 00:32:11,400 --> 00:32:14,719 Speaker 1: right I'm asking her to make a change. No, maybe, 726 00:32:15,200 --> 00:32:18,440 Speaker 1: m I love it, man, that's a classic Man in 727 00:32:18,480 --> 00:32:21,000 Speaker 1: the Mirror. But really, we want you to do what 728 00:32:21,040 --> 00:32:23,080 Speaker 1: you love and and not work for the money. And 729 00:32:23,160 --> 00:32:25,440 Speaker 1: because I I it's super cliche, right, but if you 730 00:32:25,480 --> 00:32:27,280 Speaker 1: love what you do, right, you don't feel like you 731 00:32:27,280 --> 00:32:29,440 Speaker 1: don't work a day in your life. And I feel like, Matt, 732 00:32:29,480 --> 00:32:32,200 Speaker 1: you and I are both in this amazing position where 733 00:32:32,320 --> 00:32:35,520 Speaker 1: we both really love what we do and neither of 734 00:32:35,600 --> 00:32:39,120 Speaker 1: us make crap tons of money, but we just really 735 00:32:39,320 --> 00:32:41,000 Speaker 1: like going to work every day. We like the people 736 00:32:41,000 --> 00:32:42,560 Speaker 1: that we work with, we like the projects that we 737 00:32:42,600 --> 00:32:45,120 Speaker 1: work on, and that's that's man. I feel like it's 738 00:32:45,160 --> 00:32:47,480 Speaker 1: really fortunate. I feel like, at least for me, you know, 739 00:32:48,040 --> 00:32:49,960 Speaker 1: I had a lot of clarity for some reason, I 740 00:32:50,000 --> 00:32:52,000 Speaker 1: don't know why, early on about what I wanted to 741 00:32:52,040 --> 00:32:54,240 Speaker 1: do and and that, and that's been great. I feel 742 00:32:54,240 --> 00:32:56,120 Speaker 1: like some people don't have it until a little bit later, 743 00:32:56,240 --> 00:32:58,840 Speaker 1: and that's okay, but that peeps out. Money can allow 744 00:32:58,880 --> 00:33:02,760 Speaker 1: you that that age right to smooth the path as 745 00:33:02,800 --> 00:33:05,120 Speaker 1: you're trying to get onto the next thing that you 746 00:33:05,120 --> 00:33:07,280 Speaker 1: know what, now I've had this moment of clarity. Now 747 00:33:07,320 --> 00:33:09,239 Speaker 1: I realized that I want to make this change, and 748 00:33:09,240 --> 00:33:12,400 Speaker 1: that piece out money just makes it easier to look 749 00:33:12,400 --> 00:33:16,160 Speaker 1: at that man in the mirror and make that change. Yeah, 750 00:33:16,240 --> 00:33:18,080 Speaker 1: and also too, I mean you said to not work 751 00:33:18,120 --> 00:33:20,680 Speaker 1: for the money, but like some folks might have a 752 00:33:20,720 --> 00:33:22,800 Speaker 1: great paying job and they may not think, well, I 753 00:33:23,160 --> 00:33:26,440 Speaker 1: don't necessarily completely love what I do, but I like 754 00:33:26,520 --> 00:33:29,080 Speaker 1: it a lot, And so I think to those people, 755 00:33:29,120 --> 00:33:30,520 Speaker 1: I think there's a lot of people that might follow 756 00:33:30,520 --> 00:33:32,760 Speaker 1: in that boat, right, And to those folks, I would say, like, 757 00:33:33,080 --> 00:33:35,440 Speaker 1: don't work just for the money, Like there's a lot 758 00:33:35,440 --> 00:33:37,440 Speaker 1: of reasons why you might have that job, but just 759 00:33:37,480 --> 00:33:40,200 Speaker 1: make sure that money isn't just the only reason. And 760 00:33:40,400 --> 00:33:43,800 Speaker 1: like just saying that kind of sounds privileged to say, oh, 761 00:33:43,960 --> 00:33:45,520 Speaker 1: just do you know, do what it is that you love, 762 00:33:45,560 --> 00:33:49,080 Speaker 1: follow the millennial dream. And I'll admit to that to 763 00:33:49,120 --> 00:33:52,440 Speaker 1: a certain extent. However, anyone can have peace out money 764 00:33:52,520 --> 00:33:55,600 Speaker 1: if they're not spending every single dollar that they're earning. 765 00:33:56,200 --> 00:33:59,280 Speaker 1: All right, Matt, Back to the beer. East Atlanta Brewers 766 00:33:59,720 --> 00:34:04,240 Speaker 1: are Buddies donated an ud bruin that's been chilling in 767 00:34:04,920 --> 00:34:09,000 Speaker 1: John's seller for four years and this is a little, 768 00:34:09,040 --> 00:34:11,560 Speaker 1: really nice little homebrew. Yeah, man, I'm with you. It's 769 00:34:11,600 --> 00:34:13,960 Speaker 1: it's actually super cool, like you mentioned earlier, to have 770 00:34:14,080 --> 00:34:16,919 Speaker 1: this right after we had something similar to this last week. 771 00:34:17,400 --> 00:34:19,600 Speaker 1: And how would you compare it, like compare the two, 772 00:34:19,719 --> 00:34:22,920 Speaker 1: because because I would say that this is crazy easy drinking. 773 00:34:23,480 --> 00:34:25,120 Speaker 1: I don't know with a BV on it, because it's 774 00:34:25,120 --> 00:34:27,840 Speaker 1: just written on a bottle with like a marker that's 775 00:34:28,600 --> 00:34:32,200 Speaker 1: that says he's the lender Rivers Bruin, which, by the way, 776 00:34:32,360 --> 00:34:34,799 Speaker 1: like literally reads old brown aail, So it's like a 777 00:34:34,840 --> 00:34:37,719 Speaker 1: it's a like a Flameders brown. So, you know, not 778 00:34:37,800 --> 00:34:40,440 Speaker 1: unlike what we had last week, except that this one 779 00:34:40,520 --> 00:34:44,200 Speaker 1: it's not aged in barrels and it's not aged on fruit, 780 00:34:44,680 --> 00:34:46,719 Speaker 1: but it's still got the same flavors. It's it's got 781 00:34:46,719 --> 00:34:49,480 Speaker 1: like almost a little bit of like Sayson kind of 782 00:34:49,480 --> 00:34:52,600 Speaker 1: funk to it, but still really delicious. Yeah, I agree, 783 00:34:52,640 --> 00:34:55,840 Speaker 1: it's it's nice. The tartness level is just barely there, 784 00:34:56,200 --> 00:34:58,320 Speaker 1: which is kind of nice. Makes it really sessionable. You 785 00:34:58,360 --> 00:35:01,400 Speaker 1: feel like you could drink this this beer really quickly. 786 00:35:01,600 --> 00:35:03,799 Speaker 1: But it's also really got a lot of flavor packed 787 00:35:03,800 --> 00:35:06,480 Speaker 1: into it at the same time. So I really enjoyed 788 00:35:06,480 --> 00:35:08,719 Speaker 1: this beer. Um, it's really good. It's kind of one 789 00:35:08,719 --> 00:35:10,920 Speaker 1: of those styles that I feel like, I often like 790 00:35:11,000 --> 00:35:13,520 Speaker 1: the more abrasive beers, the beers that like pack this punch, 791 00:35:13,640 --> 00:35:16,000 Speaker 1: that slapping in the tongue, and this one those are 792 00:35:16,000 --> 00:35:17,879 Speaker 1: like kind of prize beers where you're like, Okay, I'm 793 00:35:17,880 --> 00:35:20,359 Speaker 1: gonna plan my whole evening around this one beer. Right 794 00:35:20,440 --> 00:35:22,640 Speaker 1: where this I'm like, I could do I could drink 795 00:35:22,640 --> 00:35:24,880 Speaker 1: this with any of Kate's cooking and it would be 796 00:35:26,000 --> 00:35:28,759 Speaker 1: so good, you know, completely completely. I Yeah, I really 797 00:35:28,800 --> 00:35:30,920 Speaker 1: enjoyed it, and I love kind of how it's mellowed 798 00:35:30,920 --> 00:35:33,680 Speaker 1: out in the bottle over a few years. Hanging out 799 00:35:33,719 --> 00:35:37,120 Speaker 1: in john cellar, and Man, I think this is just 800 00:35:37,320 --> 00:35:41,880 Speaker 1: a really fantastic beer for especially being just dudes to 801 00:35:41,960 --> 00:35:44,919 Speaker 1: get together and brew on their downtime. I mean, this 802 00:35:45,000 --> 00:35:48,359 Speaker 1: is really really tasty. They definitely have learned a lot 803 00:35:48,360 --> 00:35:50,439 Speaker 1: about the brewing process, because this is not a weak 804 00:35:50,480 --> 00:35:53,279 Speaker 1: beer by any stretch of the imagination. Yeah, man, it 805 00:35:53,440 --> 00:35:55,600 Speaker 1: is strong. So John, thank you so much for donating 806 00:35:55,640 --> 00:35:57,759 Speaker 1: this beer. Man, We really appreciate it. Thank you for 807 00:35:57,800 --> 00:36:00,800 Speaker 1: supporting the show, All right, Joel, let's do some final thoughts. 808 00:36:00,840 --> 00:36:03,680 Speaker 1: Piece out money it is having enough money to leave 809 00:36:03,719 --> 00:36:07,000 Speaker 1: situations where you could technically stay, but you're gonna choose 810 00:36:07,040 --> 00:36:09,719 Speaker 1: not to. And it's as much of an attitude as 811 00:36:09,719 --> 00:36:13,400 Speaker 1: it is a financial position and piece of money. It 812 00:36:13,400 --> 00:36:16,040 Speaker 1: gives you just lots of different benefits and the options, 813 00:36:16,080 --> 00:36:18,560 Speaker 1: whether it be with work or in your personal life. 814 00:36:19,120 --> 00:36:21,040 Speaker 1: So how much peace out money do you need? Well, 815 00:36:21,239 --> 00:36:23,719 Speaker 1: you need to look at your goals, whether it's taking 816 00:36:23,719 --> 00:36:26,600 Speaker 1: a road trip or starting a business. That specific goal 817 00:36:26,680 --> 00:36:28,920 Speaker 1: is going to be the determining factor in how much 818 00:36:28,920 --> 00:36:31,239 Speaker 1: peace out money you're actually gonna need to meet those 819 00:36:31,280 --> 00:36:33,880 Speaker 1: living expenses, that's right, man. And then the how to. 820 00:36:34,280 --> 00:36:36,680 Speaker 1: You want your piece out money to be accessible. You 821 00:36:36,680 --> 00:36:38,200 Speaker 1: want it to be liquid. You don't want it to 822 00:36:38,239 --> 00:36:42,200 Speaker 1: be tied up in retirement accounts. You want it in cash. 823 00:36:42,560 --> 00:36:44,880 Speaker 1: And ultimately, we want you to be brave take a 824 00:36:45,000 --> 00:36:47,960 Speaker 1: risk right Like life is not about taking the safe 825 00:36:48,000 --> 00:36:50,520 Speaker 1: and simple path, having some piece out money gives you 826 00:36:50,520 --> 00:36:53,680 Speaker 1: that boldness to do something different or take your life 827 00:36:53,680 --> 00:36:56,200 Speaker 1: in a radically different direction that you might have thought 828 00:36:56,239 --> 00:36:59,040 Speaker 1: impossible without that money in the bank backing you. Up 829 00:36:59,280 --> 00:37:01,759 Speaker 1: all right, man, I think that's it, so everyone, thank 830 00:37:01,760 --> 00:37:03,880 Speaker 1: you so much for listening. Our home on the web 831 00:37:04,400 --> 00:37:07,200 Speaker 1: is how to money dot com. We'll have our show 832 00:37:07,239 --> 00:37:09,719 Speaker 1: notes up there for you with some helpful links. Yeah. 833 00:37:09,760 --> 00:37:11,200 Speaker 1: If you like what you hear and you found this 834 00:37:11,239 --> 00:37:13,600 Speaker 1: podcast to be helpful, let us know by giving us 835 00:37:13,600 --> 00:37:17,000 Speaker 1: a review on Apple Podcasts or wherever you listen. We'd 836 00:37:17,000 --> 00:37:19,120 Speaker 1: love to hear from you, and be sure to subscribe 837 00:37:19,120 --> 00:37:22,160 Speaker 1: while you're there. Until next time, man, best friends Out, 838 00:37:22,200 --> 00:37:23,160 Speaker 1: Best Friends Out.