1 00:00:00,200 --> 00:00:03,360 Speaker 1: Welcome to How the Money. I'm Joel and I and Matt, 2 00:00:03,680 --> 00:00:08,000 Speaker 1: and today we're discussing refinance now, hypnotizing scams, and one 3 00:00:08,000 --> 00:00:29,360 Speaker 1: thousand dollar rental cars. That's right, dude. This is our 4 00:00:29,440 --> 00:00:32,239 Speaker 1: Friday Flight episode where we take a small sampling of 5 00:00:32,280 --> 00:00:34,480 Speaker 1: the stories that we came across this week, and we're 6 00:00:34,520 --> 00:00:36,960 Speaker 1: here to deliver the best headlines and how they pertain 7 00:00:37,080 --> 00:00:40,000 Speaker 1: to not only our personal finances, but the personal finances 8 00:00:40,000 --> 00:00:42,040 Speaker 1: of our listeners. I'm sorry, we got some good stuff 9 00:00:42,080 --> 00:00:43,879 Speaker 1: to get to this week. There's a lot going on 10 00:00:44,520 --> 00:00:47,520 Speaker 1: in the financial world this over the past seven days. 11 00:00:47,720 --> 00:00:49,320 Speaker 1: Before we get to that, Matt, real quick, I wanted 12 00:00:49,360 --> 00:00:52,040 Speaker 1: to mention that I have a new line on them 13 00:00:52,040 --> 00:00:55,360 Speaker 1: in my budget as of this week and share. Okay, 14 00:00:55,400 --> 00:01:00,360 Speaker 1: So basically, Emily and I we realized that there, especially 15 00:01:00,400 --> 00:01:02,240 Speaker 1: as like we're starting to hang out with people more 16 00:01:02,240 --> 00:01:05,679 Speaker 1: and more, we wanted to include a line item for 17 00:01:05,760 --> 00:01:08,600 Speaker 1: like neighborly fun. It is like what we're calling it, 18 00:01:08,640 --> 00:01:13,119 Speaker 1: basically like hangs with wholesome neighborly fund exactly. Yeah, hangs 19 00:01:13,120 --> 00:01:14,720 Speaker 1: out the people around us that we haven't been able 20 00:01:14,760 --> 00:01:17,200 Speaker 1: to spend as much time with recently obviously been doing 21 00:01:17,240 --> 00:01:19,000 Speaker 1: like you know, fire pits in the backyard and stuff 22 00:01:19,040 --> 00:01:21,880 Speaker 1: like that. But we're ready to like you know, cocktail hangs, 23 00:01:21,920 --> 00:01:24,880 Speaker 1: you know, or a beer hour or whatever craft beer hour, 24 00:01:25,280 --> 00:01:27,800 Speaker 1: or maybe even like holiday gifts. I remember last year, 25 00:01:27,840 --> 00:01:29,160 Speaker 1: I was like, I want to get like some gifts 26 00:01:29,160 --> 00:01:31,120 Speaker 1: for at least, you know, the neighbors that live really 27 00:01:31,160 --> 00:01:33,160 Speaker 1: close to us, But we didn't really have it in 28 00:01:33,319 --> 00:01:34,600 Speaker 1: the budget, and so it was one of those things 29 00:01:34,640 --> 00:01:37,040 Speaker 1: where I I didn't do it, and I'm like, this year, 30 00:01:37,080 --> 00:01:38,800 Speaker 1: I want to get everybody like a little something, you know, 31 00:01:38,840 --> 00:01:42,679 Speaker 1: make them feel special. So yeah, neighborly fun is a 32 00:01:42,720 --> 00:01:44,679 Speaker 1: new line item in our money. Dude. I like that. 33 00:01:44,880 --> 00:01:47,520 Speaker 1: And what's cool about budgets is that you can customize 34 00:01:47,520 --> 00:01:50,639 Speaker 1: them to however you live because you know, you explain 35 00:01:50,680 --> 00:01:52,480 Speaker 1: to that category. I'm like, well that for us, that 36 00:01:52,520 --> 00:01:54,400 Speaker 1: kind of sounds like our giving category, and that kind 37 00:01:54,400 --> 00:01:56,600 Speaker 1: of sounds like entertainment. But for you, man, if you 38 00:01:56,640 --> 00:01:58,040 Speaker 1: know that you want to spend that kind of money 39 00:01:58,080 --> 00:02:02,120 Speaker 1: directly for your neighbors, that's a good way to include that. Um. 40 00:02:02,160 --> 00:02:03,520 Speaker 1: You know, the longer we know each other, I feel 41 00:02:03,520 --> 00:02:06,120 Speaker 1: like I'm slowly converting you into become more of a 42 00:02:06,120 --> 00:02:08,600 Speaker 1: budget person whereas like back in the day, you're like, 43 00:02:08,639 --> 00:02:11,440 Speaker 1: you know, budget, your anti budget, like you you tend 44 00:02:11,480 --> 00:02:13,240 Speaker 1: to wing things and you're better at winning things than 45 00:02:13,280 --> 00:02:15,639 Speaker 1: I am. And so I know, for for my personality, 46 00:02:15,720 --> 00:02:17,919 Speaker 1: like I've had to implement a budget from day one 47 00:02:18,280 --> 00:02:20,400 Speaker 1: in order to make my money behave, and I you know, 48 00:02:20,440 --> 00:02:23,240 Speaker 1: I appreciate the ability to look at my you know, 49 00:02:23,280 --> 00:02:25,640 Speaker 1: my spending, look at the data, have the stats in 50 00:02:25,680 --> 00:02:27,400 Speaker 1: front of me, and so for me it was more 51 00:02:27,440 --> 00:02:29,120 Speaker 1: of a necessary tool. But I like for you that 52 00:02:29,400 --> 00:02:31,440 Speaker 1: y'all are finding that it's something that is opening you 53 00:02:31,520 --> 00:02:33,320 Speaker 1: up to be able to do things without having to 54 00:02:33,360 --> 00:02:34,880 Speaker 1: think about it. You know. I'm like I just mentioned 55 00:02:34,919 --> 00:02:37,800 Speaker 1: giving uh, and that's actually this is literally a conversation 56 00:02:37,919 --> 00:02:40,440 Speaker 1: Kate and I had today, like one of our daughters 57 00:02:40,800 --> 00:02:43,680 Speaker 1: teachers father. Actually it's kind of a long chain there, 58 00:02:43,680 --> 00:02:47,200 Speaker 1: but her father died recently and and Kate said, hey, 59 00:02:47,200 --> 00:02:48,520 Speaker 1: I want to make sure that we're able to give 60 00:02:48,600 --> 00:02:50,520 Speaker 1: them a meal out, and so she's going to buy 61 00:02:50,600 --> 00:02:53,200 Speaker 1: a gift card at a local restaurant. But that's virtually 62 00:02:53,200 --> 00:02:55,320 Speaker 1: not a conversation we had to have, right. It's not 63 00:02:55,360 --> 00:02:56,639 Speaker 1: like something where it's like oh, do we have that 64 00:02:56,680 --> 00:02:58,960 Speaker 1: in the budget. No, like it is in the budget. 65 00:02:58,960 --> 00:03:01,440 Speaker 1: It's an expense that's land. So she was able to 66 00:03:01,440 --> 00:03:03,960 Speaker 1: just act on it without feeling that that stress in 67 00:03:04,000 --> 00:03:06,120 Speaker 1: the moment. That's how we like to talk about budgets. Man. 68 00:03:06,120 --> 00:03:07,600 Speaker 1: It's just a plan for your money. It's almost like 69 00:03:07,639 --> 00:03:11,119 Speaker 1: a calendar, right, It's just like a schedule for four 70 00:03:11,160 --> 00:03:13,800 Speaker 1: year dollars, just like we uh have events on our 71 00:03:13,840 --> 00:03:15,720 Speaker 1: calendar to make sure that we do the things that 72 00:03:15,760 --> 00:03:18,840 Speaker 1: we actually want to do. Some things come automatically, like sleep, 73 00:03:19,000 --> 00:03:20,880 Speaker 1: Like you don't really have to put that on the calendar, right, 74 00:03:20,919 --> 00:03:23,320 Speaker 1: sleep and work. But other things like you know you 75 00:03:23,360 --> 00:03:25,120 Speaker 1: want to do them, but a lot of times it's 76 00:03:25,120 --> 00:03:26,600 Speaker 1: easy for them to kind of fall by the wayside 77 00:03:26,639 --> 00:03:28,920 Speaker 1: unless you actively plan for it. Yeah, and like we 78 00:03:28,919 --> 00:03:30,880 Speaker 1: talked about earlier this week, there there's gonna be more 79 00:03:30,919 --> 00:03:33,960 Speaker 1: temptation out there to spend your money. And so I 80 00:03:33,960 --> 00:03:36,320 Speaker 1: think budgeting and planning for some of these things, like 81 00:03:36,320 --> 00:03:38,040 Speaker 1: putting that line at them in your budget. If you 82 00:03:38,080 --> 00:03:39,920 Speaker 1: know it's something you want to do, like do it 83 00:03:39,960 --> 00:03:42,360 Speaker 1: now so you can be prepared for it, as opposed 84 00:03:42,360 --> 00:03:45,160 Speaker 1: to realizing, you know, months down the road, there's only 85 00:03:45,160 --> 00:03:46,960 Speaker 1: things I want to do. I haven't budgeted for them, 86 00:03:47,200 --> 00:03:49,520 Speaker 1: and like, can I actually make them happen? Now? That's 87 00:03:49,560 --> 00:03:51,960 Speaker 1: a that's the worst position to be and start planning now, 88 00:03:52,040 --> 00:03:54,080 Speaker 1: is what we're suggesting. All right, Matt, Let's get to 89 00:03:54,440 --> 00:03:57,280 Speaker 1: the Friday flight the stories we found interesting this week 90 00:03:57,360 --> 00:04:00,360 Speaker 1: in the financial world, and let's talk about tax for turns. 91 00:04:00,400 --> 00:04:03,480 Speaker 1: For a second, tax refunds, as it turns out, are 92 00:04:03,520 --> 00:04:07,440 Speaker 1: taking longer than usual to get processed, especially if you 93 00:04:07,480 --> 00:04:09,400 Speaker 1: were one of those folks that made less money in 94 00:04:10,160 --> 00:04:12,800 Speaker 1: then you did in twenty nineteen and you're eligible for 95 00:04:12,840 --> 00:04:15,360 Speaker 1: more stimulus money because of it. The i r S 96 00:04:15,440 --> 00:04:19,479 Speaker 1: is requiring manual additional verification of that income and that 97 00:04:19,600 --> 00:04:22,359 Speaker 1: just takes some time. Right. We figured that would be 98 00:04:22,400 --> 00:04:23,880 Speaker 1: the case again this year, that the I r S 99 00:04:23,960 --> 00:04:26,840 Speaker 1: was going to be behind again because of the pandemic. 100 00:04:26,839 --> 00:04:29,920 Speaker 1: They were behind last year when it came to processing 101 00:04:29,960 --> 00:04:33,560 Speaker 1: tax returns and dishing out refunds. They're not just behind, 102 00:04:33,760 --> 00:04:36,719 Speaker 1: they're like twenty nine million returns behind. At this point. 103 00:04:37,240 --> 00:04:38,760 Speaker 1: I just want to let people know too, you're not 104 00:04:38,760 --> 00:04:40,320 Speaker 1: gonna be able to talk to anyone at the I 105 00:04:40,440 --> 00:04:43,520 Speaker 1: r S either. A Washington post article earlier this week, 106 00:04:43,920 --> 00:04:46,039 Speaker 1: literally gives you a one and fifty chance of talking 107 00:04:46,040 --> 00:04:47,800 Speaker 1: to a human if you call, and you know that 108 00:04:47,800 --> 00:04:50,480 Speaker 1: could even take hours to get in touch with that person. 109 00:04:50,720 --> 00:04:52,800 Speaker 1: So yeah, we would say because of the pandemic the 110 00:04:52,839 --> 00:04:56,000 Speaker 1: I R S being chronically understaffed, all you can do 111 00:04:56,440 --> 00:04:59,080 Speaker 1: is wait for your refund. Just be patient and don't 112 00:04:59,120 --> 00:05:01,400 Speaker 1: bother reaching out trying to call the the I R 113 00:05:01,520 --> 00:05:04,760 Speaker 1: S is number unless you love wasting your time, because 114 00:05:04,760 --> 00:05:06,280 Speaker 1: that's that's really all it's going to be. It's like 115 00:05:06,360 --> 00:05:10,719 Speaker 1: a one R S number, right, something like that. Actually, 116 00:05:10,839 --> 00:05:14,200 Speaker 1: have you received a refund because we filed mid March 117 00:05:14,560 --> 00:05:17,760 Speaker 1: and just last week we actually got a refunds. I 118 00:05:17,800 --> 00:05:20,160 Speaker 1: did not have a refund this year. Uh so a 119 00:05:20,160 --> 00:05:23,360 Speaker 1: little bit, right exactly, that's right. Well, speaking of taxes, 120 00:05:23,440 --> 00:05:26,520 Speaker 1: you may have heard rumors of tax rates going up, 121 00:05:26,880 --> 00:05:29,600 Speaker 1: specifically capital gains, and there's actually a good chance of 122 00:05:29,680 --> 00:05:33,800 Speaker 1: this happening, although you know, not likely the Biden proposed rate. 123 00:05:34,160 --> 00:05:37,120 Speaker 1: But first let's give a definition of capital gains taxes. 124 00:05:37,480 --> 00:05:39,160 Speaker 1: And it's simply the tax that you have to pay 125 00:05:39,600 --> 00:05:42,280 Speaker 1: on the profit from an asset after you sell it. 126 00:05:42,480 --> 00:05:44,440 Speaker 1: And so for example, if you've been investing in a 127 00:05:44,440 --> 00:05:47,080 Speaker 1: brokerage account that's taxable like a robin Hood account, and 128 00:05:47,120 --> 00:05:50,080 Speaker 1: you sell a stock at a profit, those gains are 129 00:05:50,160 --> 00:05:52,920 Speaker 1: subject to capital gains tax. Uh. And so the bad 130 00:05:52,960 --> 00:05:56,320 Speaker 1: news is that Biden's proposed tax plan will nearly double 131 00:05:56,640 --> 00:06:00,880 Speaker 1: the highest capital gains from to third nine point six. 132 00:06:01,880 --> 00:06:05,080 Speaker 1: That is a massive increase. Again, we think it might 133 00:06:05,080 --> 00:06:07,000 Speaker 1: come down a little bit from that thirty nine point six, 134 00:06:07,000 --> 00:06:09,720 Speaker 1: but we will see. But the good news is that 135 00:06:09,760 --> 00:06:11,840 Speaker 1: this is for those who make more than one million 136 00:06:11,880 --> 00:06:14,000 Speaker 1: dollars a year, So, you know, if you don't have 137 00:06:14,000 --> 00:06:17,960 Speaker 1: to worry about not yet not the impact. Yeah, so 138 00:06:18,040 --> 00:06:20,440 Speaker 1: this is probably going to happen. It's just not likely 139 00:06:20,520 --> 00:06:22,640 Speaker 1: going to affect you. It's going to affect something like 140 00:06:22,800 --> 00:06:26,000 Speaker 1: only five thousand households in all of America, a very 141 00:06:26,040 --> 00:06:28,960 Speaker 1: small percentage. Yeah. One of the caveats to Matt you said, 142 00:06:29,000 --> 00:06:32,640 Speaker 1: capital gains tax is what's assessed if you sell an asset. 143 00:06:32,880 --> 00:06:34,320 Speaker 1: Same thing would be true if you had a rental 144 00:06:34,400 --> 00:06:37,000 Speaker 1: property and you sold that right, you would pay capital 145 00:06:37,080 --> 00:06:40,560 Speaker 1: gains essentially on the appreciation the difference between the price 146 00:06:40,600 --> 00:06:42,479 Speaker 1: you bought that homeport and the price you sold it for. 147 00:06:43,080 --> 00:06:45,800 Speaker 1: But if you own that asset for less than a year, 148 00:06:46,360 --> 00:06:49,719 Speaker 1: you don't pay capital gains you pay ordinary income tax rates. 149 00:06:49,960 --> 00:06:52,640 Speaker 1: And that is actually something that messed up a lot 150 00:06:52,720 --> 00:06:56,040 Speaker 1: of Robin Hood Day traders earlier this year. They were expecting, 151 00:06:56,279 --> 00:06:59,280 Speaker 1: I'm gonna pay you fift tax on on the gains. 152 00:06:59,520 --> 00:07:02,359 Speaker 1: But when you trade frequently like that, when you're getting 153 00:07:02,360 --> 00:07:04,560 Speaker 1: in and out of assets, you don't pay the capital 154 00:07:04,560 --> 00:07:07,160 Speaker 1: gains tax rate, which is preferred. You pay the the 155 00:07:07,279 --> 00:07:09,520 Speaker 1: higher rate, which is, you know, the rate at which 156 00:07:09,560 --> 00:07:12,600 Speaker 1: your ordinary income is taxed. And while we're talking about 157 00:07:12,880 --> 00:07:15,720 Speaker 1: investing and investing in brokerage accounts, Matt, there was this 158 00:07:15,840 --> 00:07:18,800 Speaker 1: really fascinating article in the Wall Street Journal this weekend. 159 00:07:18,800 --> 00:07:22,000 Speaker 1: It documented three photographer friends were you on b I 160 00:07:22,080 --> 00:07:25,080 Speaker 1: Luckily it was not because these guys didn't end up 161 00:07:25,080 --> 00:07:26,560 Speaker 1: in a in a great position in the end, you know, 162 00:07:26,720 --> 00:07:29,920 Speaker 1: no they didn't. Yeah, they started investing heavily during the pandemic. 163 00:07:29,960 --> 00:07:32,120 Speaker 1: I mean, what else was there to do, right, Photography 164 00:07:32,640 --> 00:07:36,000 Speaker 1: was kind of out the window, I feel him. That's 165 00:07:36,040 --> 00:07:37,760 Speaker 1: basically when I was like, Okay, now is when I 166 00:07:37,800 --> 00:07:40,280 Speaker 1: will switch full time to podcast Day's right, Yeah, if 167 00:07:40,280 --> 00:07:43,520 Speaker 1: you try to for those for those uh, listening who 168 00:07:43,520 --> 00:07:45,800 Speaker 1: don't know Matt used to be a wedding photographer, and yeah, 169 00:07:45,840 --> 00:07:48,400 Speaker 1: the pandemic was a perfect time to switch to podcasting 170 00:07:48,960 --> 00:07:51,320 Speaker 1: all the way. But yeah, these guys were messing around 171 00:07:51,640 --> 00:07:54,360 Speaker 1: in robin hood and talking about it back and forth constantly, 172 00:07:54,680 --> 00:07:56,720 Speaker 1: and basically they started putting lots of money in. Once 173 00:07:56,760 --> 00:07:59,560 Speaker 1: the market took a thirty percent plunge, they rode the 174 00:07:59,600 --> 00:08:02,760 Speaker 1: wave as markets bounce back, they made lots of money 175 00:08:02,800 --> 00:08:05,960 Speaker 1: doing that. This boosted their confidence and so they decided 176 00:08:06,000 --> 00:08:09,360 Speaker 1: to make even riskier bets. And that is where they 177 00:08:09,400 --> 00:08:11,400 Speaker 1: took a misstep, right that they went from seeing their 178 00:08:11,440 --> 00:08:14,840 Speaker 1: portfolios up four times what they had originally put in 179 00:08:15,200 --> 00:08:18,920 Speaker 1: to incurring losses of about thirty three percent, so they 180 00:08:18,960 --> 00:08:21,240 Speaker 1: had less money than they started with. And so yeah, 181 00:08:21,280 --> 00:08:22,840 Speaker 1: I think that the lesson from this, it was this 182 00:08:22,880 --> 00:08:25,040 Speaker 1: fascinating article if you want to check it out, is 183 00:08:25,120 --> 00:08:27,840 Speaker 1: one not today trade is to not to get too risky. 184 00:08:27,880 --> 00:08:30,640 Speaker 1: And so we suggest, i mean, our our philosophy how 185 00:08:30,680 --> 00:08:34,439 Speaker 1: Matt and I invest is buying and holding low cost 186 00:08:34,520 --> 00:08:37,760 Speaker 1: funds in tax advantaged accounts. I'm sure those guys were 187 00:08:37,760 --> 00:08:41,679 Speaker 1: super pumped as those account balances were skyrocketing but then, man, 188 00:08:41,720 --> 00:08:44,480 Speaker 1: how deflating to see it essentially uh taken away from 189 00:08:44,480 --> 00:08:46,719 Speaker 1: you overnight, which is which is what happened to them. Yeah. 190 00:08:46,760 --> 00:08:48,440 Speaker 1: I feel like another lesson too, is just to be 191 00:08:48,440 --> 00:08:50,720 Speaker 1: careful like who you surround yourself with, because it seems 192 00:08:50,760 --> 00:08:53,880 Speaker 1: like these guys spurred each other on uh. And I 193 00:08:53,920 --> 00:08:55,920 Speaker 1: think if maybe they had just been kind of siloed 194 00:08:55,920 --> 00:08:57,400 Speaker 1: and we're doing their own thing, they may not have 195 00:08:57,520 --> 00:09:00,240 Speaker 1: taken as many risk. But I mean, they're, like the 196 00:09:00,320 --> 00:09:02,000 Speaker 1: article is talking about how they were like texting back 197 00:09:02,000 --> 00:09:03,959 Speaker 1: and forth like fifty times a day. They're having these 198 00:09:04,040 --> 00:09:06,400 Speaker 1: video conferences talking about what stocks are going to trade 199 00:09:06,400 --> 00:09:08,640 Speaker 1: that day, and they were just going all in. And 200 00:09:08,679 --> 00:09:10,080 Speaker 1: so I think if you know, if we had any 201 00:09:10,080 --> 00:09:11,800 Speaker 1: friends that were reaching out to us, we would have 202 00:09:11,800 --> 00:09:14,199 Speaker 1: been like, no, like now is a good time to 203 00:09:14,280 --> 00:09:17,160 Speaker 1: maybe max out your your roth IRA and get invested 204 00:09:17,160 --> 00:09:20,200 Speaker 1: in a yeah, low cost index fund. But um, yeah, 205 00:09:20,240 --> 00:09:21,880 Speaker 1: we would have The tips we would have given would 206 00:09:21,880 --> 00:09:26,280 Speaker 1: have been like, uh FC rocks or voo Hoddle, baby Hoddle. 207 00:09:27,520 --> 00:09:29,240 Speaker 1: Do you say Hoddle or hotal? I don't know, total 208 00:09:29,280 --> 00:09:31,760 Speaker 1: Probably people say hotal because they think it's like a 209 00:09:31,800 --> 00:09:35,240 Speaker 1: derivative of like hold basically a misspelling. But then someone 210 00:09:35,240 --> 00:09:37,120 Speaker 1: on the news was saying hottle because it basically it's 211 00:09:37,160 --> 00:09:38,960 Speaker 1: an acronym for hold on for dear life, and so 212 00:09:39,240 --> 00:09:41,280 Speaker 1: they were saying hottle. I've also I've heard more people 213 00:09:41,280 --> 00:09:43,679 Speaker 1: say total, So I guess you say hotal, I say hottle. 214 00:09:44,640 --> 00:09:47,280 Speaker 1: But uh, let's shift to credit cards, dude. Morning Star 215 00:09:47,559 --> 00:09:49,800 Speaker 1: they published an interesting story last week about how credit 216 00:09:49,800 --> 00:09:54,360 Speaker 1: card companies are taking advantage of inherent behavioral biases that 217 00:09:54,400 --> 00:09:56,839 Speaker 1: we have as consumers. And no, we're like, we're not 218 00:09:56,880 --> 00:09:58,679 Speaker 1: going to backtrack on how we feel about credit cards 219 00:09:58,679 --> 00:10:01,440 Speaker 1: in general. We still think that credit cards are probably 220 00:10:01,480 --> 00:10:04,800 Speaker 1: the best tool for spitting for multiple reasons. But it 221 00:10:04,920 --> 00:10:08,520 Speaker 1: is important to be aware of how your behavior biases 222 00:10:08,559 --> 00:10:12,160 Speaker 1: can work against you and how companies attempt to exploit that. 223 00:10:12,360 --> 00:10:14,439 Speaker 1: And so one of these devious tactics that these credit 224 00:10:14,440 --> 00:10:17,320 Speaker 1: card companies used, according to morning Star, is that less 225 00:10:17,440 --> 00:10:21,000 Speaker 1: educated folks are receiving credit card offers with much worse 226 00:10:21,120 --> 00:10:25,800 Speaker 1: features like more substantial late fees, higher interest rates. And 227 00:10:25,840 --> 00:10:28,880 Speaker 1: there's also research that suggests that folks that they often 228 00:10:28,960 --> 00:10:32,720 Speaker 1: pick a credit card because of emotional appeal rather than 229 00:10:32,960 --> 00:10:35,439 Speaker 1: which card is going to offer them the best rewards 230 00:10:35,520 --> 00:10:37,679 Speaker 1: or offer them the best terms. Yeah, it's like, oh 231 00:10:37,760 --> 00:10:39,640 Speaker 1: can I get the credit card with my favorite Disney 232 00:10:39,720 --> 00:10:42,800 Speaker 1: character on it? Done? People literally make decisions based on 233 00:10:42,800 --> 00:10:44,720 Speaker 1: our stuff. I mean, and I will say, like back 234 00:10:44,720 --> 00:10:46,800 Speaker 1: in the day, like if I had a couple of cards, 235 00:10:46,920 --> 00:10:48,680 Speaker 1: there was one that I used less because I just 236 00:10:48,679 --> 00:10:51,360 Speaker 1: didn't like the way it looked. Like back in the day, 237 00:10:51,400 --> 00:10:52,960 Speaker 1: I had this one that was kind of clear, and 238 00:10:52,960 --> 00:10:54,560 Speaker 1: I kind of like the way that one looked rather 239 00:10:54,600 --> 00:10:57,040 Speaker 1: than the uh, the the one that wasn't clear. Yeah, 240 00:10:57,120 --> 00:10:59,240 Speaker 1: I understand. I felt I felt special. You're not alone. 241 00:10:59,280 --> 00:11:01,679 Speaker 1: Other people to make decisions based on that too, And 242 00:11:01,720 --> 00:11:04,560 Speaker 1: of course, like we're not perfectly rational peans, right, Like 243 00:11:04,960 --> 00:11:08,680 Speaker 1: advertising plays into all of our emotions, even those of 244 00:11:08,760 --> 00:11:12,040 Speaker 1: us who think we're completely rising unaffected. Branding as well, 245 00:11:12,320 --> 00:11:14,680 Speaker 1: it all plays a role completely. And I think companies, 246 00:11:14,880 --> 00:11:17,080 Speaker 1: you know, are trying to sell a feeling, right, That's 247 00:11:17,280 --> 00:11:19,600 Speaker 1: what companies like Coca Cola are doing. Like it just 248 00:11:19,880 --> 00:11:22,760 Speaker 1: it's less like drink this sugary beverage and it's more like, 249 00:11:22,920 --> 00:11:25,040 Speaker 1: this is how you're gonna feel when you do. And 250 00:11:25,040 --> 00:11:27,960 Speaker 1: if they can make that emotional connection, then they're likely 251 00:11:27,960 --> 00:11:30,000 Speaker 1: going to make a sale. But then how do we 252 00:11:30,080 --> 00:11:32,200 Speaker 1: make sure that we don't fall for the marketing hype 253 00:11:32,440 --> 00:11:35,640 Speaker 1: if the product isn't right for us. Well, we would say, 254 00:11:35,640 --> 00:11:38,440 Speaker 1: when it comes to credit cards, there's a little secret 255 00:11:38,480 --> 00:11:40,520 Speaker 1: that we've got, and it's that we don't really care 256 00:11:40,720 --> 00:11:42,960 Speaker 1: about the late fees and the interest rates, Like, that's 257 00:11:43,040 --> 00:11:44,839 Speaker 1: not something I look at when I'm signing up for 258 00:11:44,840 --> 00:11:47,680 Speaker 1: a credit card. Why well, because we believe when you 259 00:11:47,760 --> 00:11:50,040 Speaker 1: use a credit card, you should be paying your balance 260 00:11:50,120 --> 00:11:52,840 Speaker 1: is in full every single month, and you don't even 261 00:11:52,840 --> 00:11:55,000 Speaker 1: have to worry about what those fees are if you're 262 00:11:55,040 --> 00:11:57,760 Speaker 1: that kind of person. So then the main consideration is 263 00:11:57,800 --> 00:12:01,000 Speaker 1: whether or not the benefits the card is offering aligns 264 00:12:01,160 --> 00:12:03,320 Speaker 1: with the way you spend. By the way, Matt, I 265 00:12:03,320 --> 00:12:05,280 Speaker 1: did want to to throw in, I saw this lending 266 00:12:05,320 --> 00:12:08,079 Speaker 1: Tree survey, and if you do have credit card debt, 267 00:12:08,120 --> 00:12:10,880 Speaker 1: they're trying to pay off this. This survey found that 268 00:12:11,800 --> 00:12:14,440 Speaker 1: of folks who asked for an interest rate reduction in 269 00:12:14,480 --> 00:12:16,760 Speaker 1: the past year, they got it. And so if you're 270 00:12:16,800 --> 00:12:18,959 Speaker 1: one of those folks carrying credit card debt, one of 271 00:12:19,000 --> 00:12:21,040 Speaker 1: the things we would suggest is to call your credit 272 00:12:21,080 --> 00:12:22,840 Speaker 1: card company and ask if you can get a lower 273 00:12:22,880 --> 00:12:25,600 Speaker 1: interest rate, and in most cases they will say yes. 274 00:12:25,600 --> 00:12:28,400 Speaker 1: And so that is something you should be doing like today, 275 00:12:28,440 --> 00:12:31,040 Speaker 1: maybe tomorrow. I never't done it yet, it does not 276 00:12:31,240 --> 00:12:34,360 Speaker 1: hurt to ask. Also, we saw this article from nerd 277 00:12:34,440 --> 00:12:37,880 Speaker 1: wallet and they detail how many fintech companies are skipping 278 00:12:37,960 --> 00:12:40,680 Speaker 1: a credit check in favor of other methods to ensure 279 00:12:40,800 --> 00:12:42,480 Speaker 1: that you are going to be a good candidate for 280 00:12:42,520 --> 00:12:44,920 Speaker 1: the cards that they offer. Uh, you know, we've talked 281 00:12:44,960 --> 00:12:46,560 Speaker 1: about the Pedal card here on the show before. They 282 00:12:46,559 --> 00:12:48,640 Speaker 1: were the first fintech company that we know of that 283 00:12:48,720 --> 00:12:52,040 Speaker 1: took this this approach, and they've been successful in signing 284 00:12:52,080 --> 00:12:55,360 Speaker 1: up folks who don't have the best credit out there, 285 00:12:55,440 --> 00:12:57,320 Speaker 1: you know. And they based this on other factors, right, 286 00:12:57,360 --> 00:13:01,320 Speaker 1: such as like their bank account status, bill payment history, 287 00:13:01,400 --> 00:13:04,160 Speaker 1: as well as income evaluation. And so some of these 288 00:13:04,160 --> 00:13:06,760 Speaker 1: fintech companies might be looking to see if you pay 289 00:13:06,800 --> 00:13:09,920 Speaker 1: your cell phone or your Netflix bill on time every 290 00:13:09,960 --> 00:13:13,080 Speaker 1: single month instead of running a hard credit check on you. 291 00:13:13,120 --> 00:13:14,959 Speaker 1: And so this is good news if you have bad credit. 292 00:13:15,040 --> 00:13:18,520 Speaker 1: Some of these new companies are grow Credit, Chime credit Builder, 293 00:13:18,600 --> 00:13:21,480 Speaker 1: as well as Tomo Card. So if that's you. If 294 00:13:21,480 --> 00:13:23,320 Speaker 1: you have less than stellar credit, make sure to check 295 00:13:23,360 --> 00:13:25,319 Speaker 1: some of those guys out. Yeah, we'll link to those 296 00:13:25,440 --> 00:13:27,760 Speaker 1: cards in the show notes. But that is just definitely 297 00:13:27,760 --> 00:13:31,800 Speaker 1: one thing to to remember is credit cards can be great. 298 00:13:31,840 --> 00:13:34,120 Speaker 1: They are great if you use them properly. If you 299 00:13:34,160 --> 00:13:36,720 Speaker 1: can't handle using the credit card, well though, you know 300 00:13:37,040 --> 00:13:39,440 Speaker 1: you shouldn't be using one because the downsides are steep 301 00:13:39,600 --> 00:13:41,400 Speaker 1: for for people who don't pay their bill off in 302 00:13:41,400 --> 00:13:43,360 Speaker 1: full every month. All right, let's move on. Let's talk 303 00:13:43,400 --> 00:13:46,640 Speaker 1: about student loans for a second. For anybody with federal 304 00:13:46,640 --> 00:13:48,920 Speaker 1: student loans, you still don't have to pay that monthly payment, 305 00:13:48,920 --> 00:13:51,680 Speaker 1: which is nice. But there was this recent survey from 306 00:13:51,800 --> 00:13:56,800 Speaker 1: CNBC and many millennials said that their student loans weren't 307 00:13:56,800 --> 00:13:59,360 Speaker 1: worth it. I found that interesting, Like, I know that 308 00:13:59,480 --> 00:14:02,040 Speaker 1: student have gotten out of hand in our country, right, 309 00:14:02,040 --> 00:14:04,600 Speaker 1: Like it's been shocking and saddening to see how many 310 00:14:04,720 --> 00:14:08,080 Speaker 1: students have graduated with just intense amounts of debt loads. 311 00:14:08,480 --> 00:14:11,160 Speaker 1: But I was still surprised to see that fifty of 312 00:14:11,280 --> 00:14:14,280 Speaker 1: older millennials said that taking on debt takeing a college 313 00:14:14,280 --> 00:14:16,840 Speaker 1: degree wasn't something that they would do again. And I 314 00:14:16,880 --> 00:14:20,000 Speaker 1: guess that was just surprising because I know college degrees 315 00:14:20,440 --> 00:14:24,800 Speaker 1: don't necessarily have a huge benefit for everyone that gets one, 316 00:14:25,120 --> 00:14:28,360 Speaker 1: but they still positively impact most folks they get one. Also, 317 00:14:28,520 --> 00:14:30,720 Speaker 1: that made me realize, like, obviously you and I'm at 318 00:14:30,720 --> 00:14:32,840 Speaker 1: were all about people going to college for free or 319 00:14:32,920 --> 00:14:36,120 Speaker 1: cheap if it's possible, whatever way you can cut the 320 00:14:36,120 --> 00:14:38,000 Speaker 1: cost of college in your life. However, you can take 321 00:14:38,040 --> 00:14:41,240 Speaker 1: out fewer student loans, avoiding them as much as possible, 322 00:14:41,280 --> 00:14:44,360 Speaker 1: that's the best move. But it's also critical for anybody 323 00:14:44,360 --> 00:14:46,640 Speaker 1: out there who's thinking about going to school or going 324 00:14:46,680 --> 00:14:49,440 Speaker 1: back to school, it's critical to be on a mission 325 00:14:49,760 --> 00:14:53,400 Speaker 1: to get a specific degree that will allow you to 326 00:14:53,440 --> 00:14:56,160 Speaker 1: be gainfully employed at the end of that degree. There's 327 00:14:56,200 --> 00:14:58,360 Speaker 1: research out there that's gonna help you figure out which 328 00:14:58,400 --> 00:15:00,560 Speaker 1: degrees are going to pay off the most. I would 329 00:15:00,600 --> 00:15:03,760 Speaker 1: look to that research before I chose a specific degree. 330 00:15:03,840 --> 00:15:06,160 Speaker 1: And it doesn't mean that if you have no desire 331 00:15:06,440 --> 00:15:08,400 Speaker 1: to be an engineer, you should pick that just because 332 00:15:08,400 --> 00:15:11,000 Speaker 1: it's the highest paying degree when you leave school, but 333 00:15:11,080 --> 00:15:13,360 Speaker 1: it should at least help inform you know what kind 334 00:15:13,360 --> 00:15:15,200 Speaker 1: of decision you are going to make. Yeah, we wouldn't 335 00:15:15,200 --> 00:15:17,760 Speaker 1: recommend for for folks to take out massive loans and 336 00:15:17,800 --> 00:15:20,760 Speaker 1: just blindly go to college without a plan necessarily, right, Like, 337 00:15:20,760 --> 00:15:22,840 Speaker 1: it's good to have a plan to know what it 338 00:15:22,920 --> 00:15:25,720 Speaker 1: is that you're trying to achieve by going to school. Uh, 339 00:15:25,760 --> 00:15:27,200 Speaker 1: And so yeah, you know, it's it's no fun to 340 00:15:27,200 --> 00:15:30,880 Speaker 1: graduate and start paying a mortgage size monthly payment to 341 00:15:31,000 --> 00:15:33,720 Speaker 1: your student loan servicer. But at the same time, dude, 342 00:15:33,760 --> 00:15:36,440 Speaker 1: you know, stats from the Federal Reserve show that folks 343 00:15:36,480 --> 00:15:39,520 Speaker 1: with a college degree have better job security and they 344 00:15:39,560 --> 00:15:43,400 Speaker 1: earn more for decades. The the the value proposition of 345 00:15:43,440 --> 00:15:46,080 Speaker 1: a college degree, it has gotten worse over the years, 346 00:15:46,080 --> 00:15:48,920 Speaker 1: but getting a college degree is still worth it for 347 00:15:48,960 --> 00:15:50,920 Speaker 1: the vast majority of folks. We just want to make 348 00:15:50,920 --> 00:15:52,760 Speaker 1: sure that folks are doing it responsibly, that they're not 349 00:15:53,040 --> 00:15:55,200 Speaker 1: taking on massive amounts of debt in order to to 350 00:15:55,240 --> 00:15:58,000 Speaker 1: get that degree, do it affordably. And we actually talked 351 00:15:58,000 --> 00:16:00,640 Speaker 1: about this with Ron Lieber from The New York Times 352 00:16:00,680 --> 00:16:02,920 Speaker 1: back in episode three seven. If you haven't listened to 353 00:16:03,000 --> 00:16:04,920 Speaker 1: that one and this sounds interesting to you, we'd recommend 354 00:16:04,920 --> 00:16:06,960 Speaker 1: that you check it out. All right, Joel, we've got 355 00:16:06,960 --> 00:16:10,080 Speaker 1: our ludicrous headline. We're gonna talk about some scams that 356 00:16:10,120 --> 00:16:12,080 Speaker 1: are making their way around as well. We'll get to 357 00:16:12,120 --> 00:16:23,480 Speaker 1: all of that right after this break. All right, we're back. 358 00:16:23,560 --> 00:16:26,600 Speaker 1: The Friday Flight continues, and now it's time to hit 359 00:16:26,680 --> 00:16:30,680 Speaker 1: up the ludicrous headline of the week. There we go. 360 00:16:30,800 --> 00:16:35,240 Speaker 1: So last week I screamed it because opera singer style 361 00:16:35,320 --> 00:16:36,920 Speaker 1: and so I'm not even sure if that picked up, 362 00:16:36,920 --> 00:16:39,840 Speaker 1: but of the week, there you go. Okay, So this one, uh, 363 00:16:39,920 --> 00:16:43,080 Speaker 1: this this ludicrous headline comes from Hawaii News now, which 364 00:16:43,120 --> 00:16:45,000 Speaker 1: is not a source we've ever used on the Friday 365 00:16:45,000 --> 00:16:49,800 Speaker 1: Flight before, but but it was titled why are Hawaii 366 00:16:49,920 --> 00:16:53,360 Speaker 1: visitors cruising around in you halls? Blame the pandemic? And 367 00:16:53,640 --> 00:16:56,280 Speaker 1: that was just too interesting to not click. What is 368 00:16:56,320 --> 00:16:58,440 Speaker 1: this going to be about? Let's what's happening there? Well, 369 00:16:58,520 --> 00:17:01,520 Speaker 1: it turns out, you know, the story about rental car 370 00:17:01,560 --> 00:17:05,119 Speaker 1: shortages has been popping up in in other publications around 371 00:17:05,160 --> 00:17:08,440 Speaker 1: the country. There's a severe rental car shortage right now. 372 00:17:08,720 --> 00:17:10,720 Speaker 1: And that means if you're looking to rent a car 373 00:17:11,840 --> 00:17:14,119 Speaker 1: to go on a trip, or because you've landed somewhere 374 00:17:14,160 --> 00:17:16,639 Speaker 1: and you needed to get around, you might find yourself 375 00:17:16,680 --> 00:17:19,680 Speaker 1: paying an absurd amount of money to get that car, 376 00:17:20,119 --> 00:17:25,800 Speaker 1: especially in more popular destinations like Arizona, California, Florida, and Hawaii, 377 00:17:26,440 --> 00:17:29,359 Speaker 1: and so Matten in this article on the islet of Maui, 378 00:17:29,520 --> 00:17:32,800 Speaker 1: for instance, the cheapest rental car for one day, like 379 00:17:32,800 --> 00:17:34,159 Speaker 1: this isn't for a week long runt on, this is 380 00:17:34,200 --> 00:17:38,199 Speaker 1: one day was a Toyota Cameray for seven hundred and 381 00:17:38,280 --> 00:17:41,600 Speaker 1: twenty two dollars a single day, for one just for 382 00:17:41,640 --> 00:17:45,680 Speaker 1: one day. Yeah, convertibles, we're going for a thousand bucks. Insane, dude. Yeah, 383 00:17:45,720 --> 00:17:47,120 Speaker 1: if you want to ride around with the top down, 384 00:17:47,160 --> 00:17:49,080 Speaker 1: it's gonna cost you a pretty penny. I would be 385 00:17:49,080 --> 00:17:51,159 Speaker 1: walking everywhere if that was the case, or just like 386 00:17:51,280 --> 00:17:52,800 Speaker 1: you know, but sticking my thumb out on the side 387 00:17:52,800 --> 00:17:55,600 Speaker 1: of the road. So like, yeah, people are trying to 388 00:17:55,600 --> 00:17:59,280 Speaker 1: get crafty and they're renting moving vehicles to get around 389 00:17:59,320 --> 00:18:01,520 Speaker 1: while on vacation and uh. The New York Times had 390 00:18:01,560 --> 00:18:05,200 Speaker 1: a great article from the Frugal Traveler about the nationwide 391 00:18:05,200 --> 00:18:08,600 Speaker 1: rental car shortage to just it's interesting to see many 392 00:18:08,640 --> 00:18:11,159 Speaker 1: of the major rental car companies they sold off a 393 00:18:11,200 --> 00:18:13,680 Speaker 1: lot of the cars that they had during the pandemic. 394 00:18:14,160 --> 00:18:16,280 Speaker 1: Talked about this, Yeah, we talked about this just about 395 00:18:16,280 --> 00:18:20,080 Speaker 1: a year ago. Like, for instance, Hurts yeah, they're filing 396 00:18:20,080 --> 00:18:22,399 Speaker 1: for bankruptcy and they were liquidating their fleets, and so 397 00:18:22,480 --> 00:18:24,199 Speaker 1: we were like, Okay, this is a good time to 398 00:18:24,240 --> 00:18:26,760 Speaker 1: get a used car. And turns out it was because 399 00:18:26,760 --> 00:18:29,199 Speaker 1: we then started to see used car prices continued to 400 00:18:29,280 --> 00:18:32,439 Speaker 1: creep upwards as the year progressed. But now you know, 401 00:18:32,480 --> 00:18:34,600 Speaker 1: those rental car companies are like, dang it, we sold 402 00:18:34,600 --> 00:18:37,000 Speaker 1: the fleet that we needed. Now that the recovery is happening, 403 00:18:37,280 --> 00:18:39,200 Speaker 1: demand is back in a big way, but they don't 404 00:18:39,240 --> 00:18:41,920 Speaker 1: have as many cars on hand exactly fill that demand. 405 00:18:41,960 --> 00:18:43,760 Speaker 1: It just made me think, like, so I got to 406 00:18:43,880 --> 00:18:45,720 Speaker 1: go to Maui one time and I did the road 407 00:18:45,760 --> 00:18:48,240 Speaker 1: to Hannah, which is this beautiful, beautiful drive. It's like 408 00:18:48,240 --> 00:18:49,679 Speaker 1: I don't know if it's like two or three hours, 409 00:18:49,800 --> 00:18:52,240 Speaker 1: and I'm thinking it's kind of tight, you know, two 410 00:18:52,320 --> 00:18:54,720 Speaker 1: lane two lane road, and just like thinking about trying 411 00:18:54,760 --> 00:18:57,520 Speaker 1: to do that in a U haul all truck or 412 00:18:57,600 --> 00:19:00,320 Speaker 1: like I mean, I'm picturing like loaves or a home 413 00:19:00,359 --> 00:19:02,960 Speaker 1: depot rental truck. Right, it's like twenty five bucks you 414 00:19:02,960 --> 00:19:05,040 Speaker 1: get it for ninety minutes, which is a deal, by 415 00:19:05,080 --> 00:19:07,320 Speaker 1: the way, Like I am all about dropping like twenty 416 00:19:07,320 --> 00:19:10,080 Speaker 1: bucks and having this flatbed truck to be able to 417 00:19:10,160 --> 00:19:12,240 Speaker 1: load a bunch of you know, stuff for the yard 418 00:19:12,280 --> 00:19:14,439 Speaker 1: up onto. But yeah, I'm imagining driving one of those 419 00:19:14,480 --> 00:19:16,480 Speaker 1: around and when you're not used to driving one of those, 420 00:19:16,920 --> 00:19:20,000 Speaker 1: like they drive differently than the little car that you 421 00:19:20,119 --> 00:19:21,719 Speaker 1: that you're used to driving around in the city. You know, 422 00:19:22,000 --> 00:19:24,399 Speaker 1: I can only imagine that it would be tricky on 423 00:19:24,440 --> 00:19:28,200 Speaker 1: the road to Hannah or whatever this think. So yeah, 424 00:19:28,200 --> 00:19:30,240 Speaker 1: and so this increased demand, this is of course, led 425 00:19:30,280 --> 00:19:32,639 Speaker 1: to higher prices when it comes to car rentals. And 426 00:19:32,680 --> 00:19:35,119 Speaker 1: so if you absolutely need to rent a car, do 427 00:19:35,160 --> 00:19:37,359 Speaker 1: a couple of things. First. First of all, book a 428 00:19:37,400 --> 00:19:40,560 Speaker 1: refundable ride with one of the major car rental companies. 429 00:19:40,720 --> 00:19:43,119 Speaker 1: You can always cancel without paying a dime, and so 430 00:19:43,200 --> 00:19:45,440 Speaker 1: that's really great. So so even if you have to 431 00:19:45,440 --> 00:19:48,360 Speaker 1: book it at four a day, like you know you're 432 00:19:48,359 --> 00:19:51,240 Speaker 1: gonna need one, just just book it because it's refundable, exactly. 433 00:19:51,359 --> 00:19:53,240 Speaker 1: You don't have to show up and pick up that reservation. Yeah, 434 00:19:53,240 --> 00:19:55,920 Speaker 1: you can cancel it, but you've got that reservation snagged 435 00:19:56,080 --> 00:19:58,920 Speaker 1: just in case. But then look at multiple locations to book. 436 00:19:59,119 --> 00:20:01,760 Speaker 1: You can look at different in town locations near where 437 00:20:01,840 --> 00:20:04,520 Speaker 1: you'll stay in the airport and then check a few 438 00:20:04,520 --> 00:20:08,240 Speaker 1: different discount travel websites right look at prices on hot 439 00:20:08,240 --> 00:20:11,040 Speaker 1: wire and price line. Also check out auto slash dot com. 440 00:20:11,040 --> 00:20:13,880 Speaker 1: That's another great site that will continually shot the price 441 00:20:13,920 --> 00:20:16,600 Speaker 1: of rental car without you having to. And so remember 442 00:20:16,720 --> 00:20:19,600 Speaker 1: you have your original rental booking as a backup, but 443 00:20:19,800 --> 00:20:21,359 Speaker 1: since you find the soler price, you can go back 444 00:20:21,440 --> 00:20:24,040 Speaker 1: and cancel that booking. Uh And dude, also to you, 445 00:20:24,080 --> 00:20:26,159 Speaker 1: folks can check out turo where you can rent a 446 00:20:26,160 --> 00:20:29,359 Speaker 1: car from a local, right from an individual. Uh. As 447 00:20:29,400 --> 00:20:31,919 Speaker 1: when rental prices go up, I could see individuals renting 448 00:20:31,920 --> 00:20:34,320 Speaker 1: out their cars more and more, just you know, to 449 00:20:34,359 --> 00:20:36,440 Speaker 1: be able to capitalize on the ability to make more 450 00:20:36,480 --> 00:20:39,680 Speaker 1: money from that car, from that asset just sitting there 451 00:20:39,840 --> 00:20:42,240 Speaker 1: in the driveway. And you know, maybe that's something that 452 00:20:42,280 --> 00:20:44,240 Speaker 1: a lot of folks listening are thinking. They're like, oh, 453 00:20:44,280 --> 00:20:47,520 Speaker 1: wait a minute, I live in Maui. I should download 454 00:20:47,560 --> 00:20:51,520 Speaker 1: Turro uh and make a killing because the demands high. Yes, 455 00:20:51,560 --> 00:20:53,359 Speaker 1: oh my gosh, I would totally do that. Yes, for 456 00:20:53,359 --> 00:20:55,600 Speaker 1: our listeners that live specifically in some of those places 457 00:20:55,640 --> 00:20:58,000 Speaker 1: that we mentioned. If you live in like Phoenix or 458 00:20:58,240 --> 00:21:01,159 Speaker 1: Orlando or Miami, like if you live in any of 459 00:21:01,200 --> 00:21:03,960 Speaker 1: those hot cities where people are visiting and you want 460 00:21:03,960 --> 00:21:06,360 Speaker 1: to make some extra cash. Toro is a wonderful place 461 00:21:06,400 --> 00:21:07,840 Speaker 1: for you to do. That's worth considering. I'm sure I 462 00:21:07,880 --> 00:21:10,000 Speaker 1: would think you'll be able to do well. Also to Yeah, 463 00:21:10,080 --> 00:21:13,439 Speaker 1: depending on where you're going, attempt to take public transit, 464 00:21:13,480 --> 00:21:16,120 Speaker 1: including bike share, rideshare. Of course, like Uber and lift 465 00:21:16,160 --> 00:21:18,639 Speaker 1: can be cheaper than you know, somewhat the daily rental 466 00:21:18,640 --> 00:21:20,320 Speaker 1: fees will cost you right now to like, if I 467 00:21:20,359 --> 00:21:22,240 Speaker 1: was on MAUI I'd be taking Uber. I would not 468 00:21:22,240 --> 00:21:24,040 Speaker 1: be running a car. And also to Matt, on the 469 00:21:24,040 --> 00:21:26,920 Speaker 1: note of cars, there was this article in Ours Technica 470 00:21:27,040 --> 00:21:29,080 Speaker 1: and like this is not about rental cars, but it 471 00:21:29,160 --> 00:21:32,640 Speaker 1: was about why minivans rule, And yeah, it just made 472 00:21:32,680 --> 00:21:36,399 Speaker 1: me proud to be a minivan owner. Like we we 473 00:21:36,440 --> 00:21:38,600 Speaker 1: totally agree with that. Of course, I feel like it's 474 00:21:38,680 --> 00:21:41,200 Speaker 1: time for a mini van resurgence and we want to 475 00:21:41,240 --> 00:21:44,760 Speaker 1: kind of help help push that. Like, uh, this article 476 00:21:45,119 --> 00:21:48,080 Speaker 1: talked about why minivans make more sense than SUVs, why 477 00:21:48,119 --> 00:21:50,359 Speaker 1: they're more functional for lots of folks. They are so 478 00:21:50,440 --> 00:21:53,760 Speaker 1: much more practical than an suv. That's hard to get it, Like, 479 00:21:53,800 --> 00:21:55,840 Speaker 1: could you imagine like getting into something that's a little 480 00:21:55,840 --> 00:21:57,320 Speaker 1: bit higher with like the kids. I mean, they have 481 00:21:57,320 --> 00:21:59,639 Speaker 1: a hard enough time, you know, clambering into the vehicle. 482 00:21:59,680 --> 00:22:01,919 Speaker 1: I guess once your kids are older, like maybe, but 483 00:22:02,200 --> 00:22:03,840 Speaker 1: we got young kids and so many vans make a 484 00:22:03,840 --> 00:22:06,000 Speaker 1: whole lot of sense, dude. It's like anything in fashion, 485 00:22:06,080 --> 00:22:08,160 Speaker 1: like it always comes around, you know, like mini vans 486 00:22:08,240 --> 00:22:09,880 Speaker 1: used to be popular back in the day, and then 487 00:22:09,920 --> 00:22:11,879 Speaker 1: it I feel like it for the past fifteen years 488 00:22:11,960 --> 00:22:14,919 Speaker 1: or so. It's like swum back to SUVs. Like when 489 00:22:14,960 --> 00:22:16,360 Speaker 1: I was a kid, it was all about the minivan, 490 00:22:16,520 --> 00:22:18,399 Speaker 1: you know, and can we make them cool again? Like 491 00:22:18,440 --> 00:22:20,199 Speaker 1: can you and I single hand they do that. It's 492 00:22:20,240 --> 00:22:22,160 Speaker 1: just like fanny packs, you know, like fanny packs are back. 493 00:22:22,359 --> 00:22:24,080 Speaker 1: It's just it's all about the attitude. It's about how 494 00:22:24,119 --> 00:22:26,040 Speaker 1: you wear it, right. But they have to be at 495 00:22:26,119 --> 00:22:28,680 Speaker 1: least ten years old minivans like those are the cool ones. Well, 496 00:22:28,800 --> 00:22:31,639 Speaker 1: mine's not quite there. You're almost there, is it? Yeah? 497 00:22:32,400 --> 00:22:34,320 Speaker 1: Nine years old? Yeah, it's like ten mittle years old 498 00:22:34,320 --> 00:22:36,560 Speaker 1: at this point, is true? And I do want to 499 00:22:36,560 --> 00:22:39,040 Speaker 1: know too. Matt. After Monday's episode where we talked about 500 00:22:39,040 --> 00:22:41,880 Speaker 1: cars with Lean Shattuck, she had some great advice. Have 501 00:22:41,920 --> 00:22:46,640 Speaker 1: you named your minivan yet? No? I haven't. I feel 502 00:22:46,640 --> 00:22:48,600 Speaker 1: like we view are We're not that kind of We're 503 00:22:48,600 --> 00:22:51,320 Speaker 1: not those kind of people like we I've never we've 504 00:22:51,359 --> 00:22:54,240 Speaker 1: never named our vehicles. Uh, maybe I should though, because, 505 00:22:54,400 --> 00:22:56,239 Speaker 1: like we talked about with her, like you tend to 506 00:22:56,280 --> 00:22:58,360 Speaker 1: take care of things that you name because they kind 507 00:22:58,359 --> 00:23:00,520 Speaker 1: of you im view them with a personnel. Any right, 508 00:23:00,600 --> 00:23:03,360 Speaker 1: have y'all name ures? So? No? I also have not. 509 00:23:03,760 --> 00:23:07,360 Speaker 1: Mine is kind of old school and powder blue. But yeah, 510 00:23:07,440 --> 00:23:09,280 Speaker 1: I feel like maybe we should. We think of like 511 00:23:09,359 --> 00:23:11,439 Speaker 1: dumb and dumber, like hanging out by the bar, are 512 00:23:11,440 --> 00:23:13,480 Speaker 1: putting out the vibes. It's only mine was orange, just 513 00:23:13,520 --> 00:23:15,840 Speaker 1: sweet tucks. Yeah, I know that would be ideal. But 514 00:23:15,920 --> 00:23:17,800 Speaker 1: let's let's post a picture actually of our of our 515 00:23:17,840 --> 00:23:21,880 Speaker 1: minivans on Instagram this weekend, and let's have our our 516 00:23:21,920 --> 00:23:26,800 Speaker 1: listeners actually chime. Let them name it. Name our minivan contest. Well, 517 00:23:26,840 --> 00:23:29,119 Speaker 1: here's the thing. If someone actually names it, like, are 518 00:23:29,119 --> 00:23:31,480 Speaker 1: you gonna stick with it? Are you gonna call it? You? Remember, 519 00:23:31,560 --> 00:23:33,640 Speaker 1: gives the best nickname for both of our vans, We've 520 00:23:33,640 --> 00:23:35,200 Speaker 1: got to call it that, all right, All right, let's 521 00:23:35,200 --> 00:23:37,639 Speaker 1: do it. I'm done, with that. You know, dude, in 522 00:23:37,640 --> 00:23:40,000 Speaker 1: our house we've named house plants before because I don't 523 00:23:40,000 --> 00:23:41,639 Speaker 1: know you like water them, you take care of them 524 00:23:41,680 --> 00:23:43,840 Speaker 1: if you want them to grow and nurture, like if 525 00:23:43,840 --> 00:23:46,520 Speaker 1: you wanna look good today. Yeah, yeah, exactly, like talk 526 00:23:46,560 --> 00:23:48,800 Speaker 1: to them. But we've never done that with our cars. 527 00:23:49,000 --> 00:23:50,639 Speaker 1: That this will be a lot of fun. On that note, 528 00:23:50,720 --> 00:23:52,800 Speaker 1: let's shift gears. Did you like that it's been speaking 529 00:23:52,800 --> 00:23:57,120 Speaker 1: of minivans and dad jokes. A lot of folks, uh, 530 00:23:57,160 --> 00:24:00,240 Speaker 1: now have a second chance to refinance their mortgage is 531 00:24:00,600 --> 00:24:03,280 Speaker 1: as rates have gone down in recent weeks. A few 532 00:24:03,280 --> 00:24:05,560 Speaker 1: months back, we we discussed the likelihood of mortgage interest 533 00:24:05,600 --> 00:24:08,800 Speaker 1: rates going up from their all time lows, and they 534 00:24:08,800 --> 00:24:11,200 Speaker 1: actually did start to move up in a meaningful way. 535 00:24:11,240 --> 00:24:13,919 Speaker 1: But now they've crept back down. Uh, And thirty year 536 00:24:13,960 --> 00:24:16,560 Speaker 1: mortgages are back in the three percent range. And so 537 00:24:16,600 --> 00:24:18,520 Speaker 1: if you missed your chance to refi a couple of 538 00:24:18,560 --> 00:24:21,360 Speaker 1: months ago and you are a good candidate, it makes 539 00:24:21,359 --> 00:24:23,800 Speaker 1: sense to pull the trigger now. Uh. And that is 540 00:24:23,840 --> 00:24:25,919 Speaker 1: if you can find a lender who is willing to 541 00:24:25,960 --> 00:24:28,680 Speaker 1: move quick enough to secure that mortgage to lock in 542 00:24:28,720 --> 00:24:31,040 Speaker 1: the rate and actually closed in a decent amount of time. 543 00:24:31,320 --> 00:24:34,240 Speaker 1: I've talked with multiple friends and neighbors who started the 544 00:24:34,320 --> 00:24:39,760 Speaker 1: refinance process dude last fall and have only just closed. 545 00:24:39,800 --> 00:24:41,480 Speaker 1: Like literally, I was talking to a buddy mine it 546 00:24:41,480 --> 00:24:43,520 Speaker 1: took them five months, and I'm like, wait, who did 547 00:24:43,520 --> 00:24:45,040 Speaker 1: you go with? You went with one of the big banks, 548 00:24:45,280 --> 00:24:46,639 Speaker 1: which is a part of the reason why I was like, 549 00:24:46,640 --> 00:24:48,080 Speaker 1: why did you do that? You needed, you know, you 550 00:24:48,119 --> 00:24:51,320 Speaker 1: need to go with somebody local, somebody who specializes in 551 00:24:51,359 --> 00:24:54,679 Speaker 1: mortgage underwriting, or one of those good online There's so 552 00:24:54,720 --> 00:24:56,920 Speaker 1: many better options than than the big big banks out there. 553 00:24:57,040 --> 00:24:59,439 Speaker 1: That's like literally the worst option. Yes, yeah, And so 554 00:24:59,480 --> 00:25:02,520 Speaker 1: we started our refi uh kind of mid early to 555 00:25:02,600 --> 00:25:05,040 Speaker 1: mid March, and we closed last week. And so for us, 556 00:25:05,080 --> 00:25:06,639 Speaker 1: like it didn't take us five months, it took us 557 00:25:06,760 --> 00:25:09,480 Speaker 1: five weeks. This is the lender we've worked with before. 558 00:25:09,520 --> 00:25:11,919 Speaker 1: So yeah, find a good I mean, a great local company, 559 00:25:11,960 --> 00:25:14,600 Speaker 1: a great local credit union. These are all much better 560 00:25:14,640 --> 00:25:16,720 Speaker 1: options than going with one of the bigs. Yeah, but 561 00:25:16,760 --> 00:25:19,080 Speaker 1: who knows how long rates are gonna stick where they are, 562 00:25:19,119 --> 00:25:20,879 Speaker 1: So time is of the essence. If you're going to 563 00:25:20,960 --> 00:25:23,000 Speaker 1: get a refi in and if you're gonna get better 564 00:25:23,119 --> 00:25:26,280 Speaker 1: terms on that home loan, Matt, let's talk about scams 565 00:25:26,400 --> 00:25:29,159 Speaker 1: for a second. Uh. You know, Mackenzie Scott, the the 566 00:25:29,359 --> 00:25:33,160 Speaker 1: former wife of Jeff Bezos who runs Amazon, has been 567 00:25:33,200 --> 00:25:36,160 Speaker 1: giving away billions of dollars And we talked about that 568 00:25:36,440 --> 00:25:39,200 Speaker 1: a few months back. Like it's been just incredibly impressive 569 00:25:39,240 --> 00:25:41,639 Speaker 1: what she's done and giving away massive amounts of her 570 00:25:41,680 --> 00:25:44,720 Speaker 1: fortune in basically no time at all. She seems like 571 00:25:44,840 --> 00:25:48,480 Speaker 1: just a wonderful person. But right now email scams in 572 00:25:48,560 --> 00:25:51,480 Speaker 1: her name are proliferating. It turns out that her method 573 00:25:51,520 --> 00:25:54,480 Speaker 1: for giving away that money those funds has actually been 574 00:25:54,480 --> 00:25:56,920 Speaker 1: pretty cool. She's not making this like pr splash, She's 575 00:25:56,920 --> 00:25:58,879 Speaker 1: not trying to make a name for herself and and 576 00:25:59,080 --> 00:26:01,000 Speaker 1: Garner all the headline is about how much money she's 577 00:26:01,040 --> 00:26:02,720 Speaker 1: giving away. She's trying to do it more on the 578 00:26:02,800 --> 00:26:04,960 Speaker 1: d L and she and her team are actually just 579 00:26:05,000 --> 00:26:07,880 Speaker 1: emailing organizations that are doing good work to let them 580 00:26:07,880 --> 00:26:10,639 Speaker 1: know that they're going to be making a donation to 581 00:26:10,760 --> 00:26:13,880 Speaker 1: that organization, to that nonprofit. Super cool. Yeah, I love 582 00:26:13,920 --> 00:26:16,640 Speaker 1: that approach. She's just kind of a bypassing the bureaucracy 583 00:26:16,760 --> 00:26:19,760 Speaker 1: of having some sort of trust, you know, like she's 584 00:26:19,800 --> 00:26:21,439 Speaker 1: like going directly to them. Yeah, And she's not like 585 00:26:21,440 --> 00:26:23,480 Speaker 1: tweeting about it and boots on the ground making herself 586 00:26:23,520 --> 00:26:25,760 Speaker 1: look like the coolest person ever. She's just she's just 587 00:26:25,800 --> 00:26:28,760 Speaker 1: doing it and like. That approach though, has actually led 588 00:26:28,760 --> 00:26:31,879 Speaker 1: to a bunch of copycat scammers who are claiming to 589 00:26:31,960 --> 00:26:34,720 Speaker 1: be from the Mackenzie Scott Foundation and then one which 590 00:26:34,760 --> 00:26:37,560 Speaker 1: doesn't exist by the way, that's made up. Yeah, and 591 00:26:37,640 --> 00:26:39,560 Speaker 1: even have like a Facebook page set up or you 592 00:26:39,560 --> 00:26:42,160 Speaker 1: can check it, you know, and obviously it looks kind 593 00:26:42,160 --> 00:26:44,280 Speaker 1: of fake, but yeah, they have taken some steps to 594 00:26:44,320 --> 00:26:47,359 Speaker 1: make it look like you're legitimately getting money, including using 595 00:26:47,400 --> 00:26:49,560 Speaker 1: a fake bank to make it look like that money 596 00:26:49,600 --> 00:26:51,840 Speaker 1: is on its way to you. But first you've got 597 00:26:51,840 --> 00:26:54,800 Speaker 1: to pay a fee to access that money. And that's 598 00:26:54,840 --> 00:26:57,200 Speaker 1: always a huge red flag when someone tells you that 599 00:26:57,200 --> 00:26:59,000 Speaker 1: you're getting money, if you have to actually send some 600 00:26:59,040 --> 00:27:02,760 Speaker 1: of yours over first, it's definitely not legit um. But yeah, 601 00:27:02,760 --> 00:27:05,119 Speaker 1: there was an article talking about people that have been 602 00:27:05,119 --> 00:27:07,720 Speaker 1: taking advantage of by this scam. I wanted to let 603 00:27:07,720 --> 00:27:10,000 Speaker 1: you know that it's out there. Scams like this are 604 00:27:10,160 --> 00:27:12,400 Speaker 1: a dime a dozen these days. It feels like, yeah, dude, 605 00:27:12,440 --> 00:27:15,000 Speaker 1: let's let's keep talking about scams. Came across this other 606 00:27:15,040 --> 00:27:18,280 Speaker 1: story that involves hypnotizing. Did have you ever been hypnotized? 607 00:27:18,480 --> 00:27:21,560 Speaker 1: I have actually just once. Yeah, But my my grandpa 608 00:27:21,600 --> 00:27:24,040 Speaker 1: was a psychologist and when I was like eleven years old, 609 00:27:24,080 --> 00:27:26,280 Speaker 1: he attempted to hypnotize me. I don't think okay, so 610 00:27:26,560 --> 00:27:30,959 Speaker 1: he attempted yeah, and attempted hypnosis. Uh, he did not 611 00:27:31,000 --> 00:27:32,840 Speaker 1: succeed in having you kind of like walk around and 612 00:27:32,920 --> 00:27:36,399 Speaker 1: quack like a duck. No, you were doing that anyway. 613 00:27:36,400 --> 00:27:39,160 Speaker 1: Probably that stuff is kind of like all for show. 614 00:27:39,400 --> 00:27:41,200 Speaker 1: But there are ways that you can hypnotize people and 615 00:27:41,240 --> 00:27:43,560 Speaker 1: then actually so you know, I think based on what 616 00:27:43,600 --> 00:27:45,240 Speaker 1: he was saying it was for he would say it 617 00:27:45,280 --> 00:27:48,320 Speaker 1: was successful. I didn't feel like anything changed, but I 618 00:27:48,320 --> 00:27:51,040 Speaker 1: don't know. Maybe subconsciously, I'm like kicking button life because 619 00:27:51,040 --> 00:27:52,920 Speaker 1: I got hypnotized when I was eleven. You didn't feel 620 00:27:52,920 --> 00:27:58,200 Speaker 1: like a warm sensation and realize you just paid your pants. Well, dude, 621 00:27:58,359 --> 00:28:01,160 Speaker 1: there is this interesting article in l A Times asking 622 00:28:01,400 --> 00:28:04,639 Speaker 1: if a scammer can hypnotize you over the phone, and 623 00:28:04,680 --> 00:28:07,320 Speaker 1: they actually interviewed a real hypnotist, And it's just an 624 00:28:07,359 --> 00:28:09,919 Speaker 1: interesting question because some of these scams that we come 625 00:28:09,960 --> 00:28:12,920 Speaker 1: across seem to be so easily recognizable that you wonder 626 00:28:12,960 --> 00:28:15,760 Speaker 1: how people fall for them. And writer David Lazarus he 627 00:28:15,800 --> 00:28:18,879 Speaker 1: details the story of this pretty smart lady who was 628 00:28:18,960 --> 00:28:21,600 Speaker 1: scammed by someone over the phone, and she even wonders 629 00:28:21,600 --> 00:28:24,200 Speaker 1: if she was hypnotized, And the answer from the expert 630 00:28:24,280 --> 00:28:26,679 Speaker 1: hypnotist that they interviewed is that you actually can be 631 00:28:26,800 --> 00:28:30,400 Speaker 1: put into a hypnotic state over the phone by someone 632 00:28:30,400 --> 00:28:33,040 Speaker 1: who has the right technique. You know, different folks obviously 633 00:28:33,119 --> 00:28:37,119 Speaker 1: are going to have different levels of susceptibility to hypnosis. 634 00:28:37,400 --> 00:28:41,080 Speaker 1: I am my mind is sport Knox. It cannot be breached. Um. 635 00:28:41,360 --> 00:28:42,959 Speaker 1: But really this just makes me want to make sure 636 00:28:43,000 --> 00:28:45,480 Speaker 1: that I avoid those phone calls in the first place. Yeah, 637 00:28:45,520 --> 00:28:47,560 Speaker 1: something else when it comes to scams, too, the best 638 00:28:47,560 --> 00:28:50,080 Speaker 1: thing is to make sure that these calls aren't coming 639 00:28:50,120 --> 00:28:52,120 Speaker 1: through at all to your phone. And that's super easy 640 00:28:52,160 --> 00:28:54,200 Speaker 1: to do if you have an iPhone. Just go to 641 00:28:54,520 --> 00:28:58,800 Speaker 1: settings and then click phone and then select silence unknown callers. 642 00:28:59,040 --> 00:29:00,560 Speaker 1: This is a feature that's been around for a couple 643 00:29:00,560 --> 00:29:03,280 Speaker 1: of years now and it keeps us from getting you know, 644 00:29:03,720 --> 00:29:06,200 Speaker 1: up to a dozen junk calls every single day. And 645 00:29:06,240 --> 00:29:08,440 Speaker 1: it's just as easy to do on an Android phone, 646 00:29:08,480 --> 00:29:11,280 Speaker 1: which is what I've got. Go to settings, block numbers, 647 00:29:11,400 --> 00:29:14,520 Speaker 1: and then toggle on block unknown callers. A lot of 648 00:29:14,600 --> 00:29:16,920 Speaker 1: us know we should do this, but maybe we haven't 649 00:29:16,960 --> 00:29:19,200 Speaker 1: done it yet. It's not just gonna prevent scam calls, 650 00:29:19,360 --> 00:29:21,680 Speaker 1: but just the annoying unknown number of calls that come 651 00:29:21,720 --> 00:29:24,680 Speaker 1: through constantly, especially the ones who want to buy the 652 00:29:24,760 --> 00:29:26,600 Speaker 1: house that you own. Like how many of those am 653 00:29:26,600 --> 00:29:28,680 Speaker 1: I getting these days? So yeah, some of them still 654 00:29:28,720 --> 00:29:31,480 Speaker 1: slip through, But yeah, make sure also at the same time, 655 00:29:31,520 --> 00:29:33,760 Speaker 1: not only are you doing this, but encourage your parents 656 00:29:33,800 --> 00:29:35,920 Speaker 1: to do it as well, because yeah, yeah, they might 657 00:29:35,960 --> 00:29:38,240 Speaker 1: be just as susceptible, if not more susceptable to some 658 00:29:38,240 --> 00:29:39,920 Speaker 1: of these kids. Yeah, seriously, I feel like a lot 659 00:29:39,960 --> 00:29:42,120 Speaker 1: of folks our age, like our generation, they need to 660 00:29:42,160 --> 00:29:44,720 Speaker 1: do that. But I mean, I bet there are a 661 00:29:44,760 --> 00:29:46,840 Speaker 1: lot of our parents out there who don't do that. 662 00:29:46,960 --> 00:29:48,600 Speaker 1: Maybe you're visiting with them and their phone is kind 663 00:29:48,600 --> 00:29:49,960 Speaker 1: of buzzing off on the background, they kind of roll 664 00:29:50,000 --> 00:29:51,480 Speaker 1: their eyes, are like, oh, I'm sure it's my best 665 00:29:51,480 --> 00:29:53,440 Speaker 1: friend out in l A who wants to like give 666 00:29:53,560 --> 00:29:55,680 Speaker 1: give me some money, that kind of thing. But in reality, 667 00:29:55,680 --> 00:29:57,719 Speaker 1: like we don't want those calls coming through it all. 668 00:29:58,040 --> 00:30:00,400 Speaker 1: And actually, on top of this, the FCC is actually 669 00:30:00,440 --> 00:30:04,800 Speaker 1: gonna begin holding cell phone providers responsible for anti robo 670 00:30:04,880 --> 00:30:08,120 Speaker 1: call efforts in the future. This coming fall. They are 671 00:30:08,320 --> 00:30:12,040 Speaker 1: requiring these providers to document their efforts towards increasing the 672 00:30:12,120 --> 00:30:14,600 Speaker 1: number of robocalls that they have been able to eliminate, 673 00:30:14,640 --> 00:30:17,160 Speaker 1: which is awesome news. And it looks like there will 674 00:30:17,200 --> 00:30:20,880 Speaker 1: be penalties like these, like potentially massive fines for the 675 00:30:20,880 --> 00:30:23,760 Speaker 1: companies that don't make meaningful progress. And so this is 676 00:30:23,800 --> 00:30:26,520 Speaker 1: good news if you even if you do have the 677 00:30:26,560 --> 00:30:29,040 Speaker 1: calls not actually ringing your phone and it kind of 678 00:30:29,120 --> 00:30:31,280 Speaker 1: you know, goes straight to being silenced. But if you 679 00:30:31,320 --> 00:30:33,680 Speaker 1: hate just seeing all those miscalls, you know, in the 680 00:30:33,720 --> 00:30:36,200 Speaker 1: app and it shows you like how many miscalls you have, 681 00:30:36,320 --> 00:30:38,240 Speaker 1: and like, when I've got twelve of them, that's a 682 00:30:38,240 --> 00:30:40,480 Speaker 1: pretty hot day for me. I'm like, oh my gosh, 683 00:30:40,560 --> 00:30:44,280 Speaker 1: I'm so popular. Yes, but it just makes me realize that, like, man, 684 00:30:44,440 --> 00:30:46,920 Speaker 1: there is just so much room for improvement in the space. 685 00:30:46,960 --> 00:30:48,640 Speaker 1: And yeah, that's something that we can look forward to, 686 00:30:48,960 --> 00:30:51,200 Speaker 1: no doubt. All Right, Well that's gonna do it for 687 00:30:51,280 --> 00:30:53,960 Speaker 1: this episode. We hope you have a great weekend and 688 00:30:54,000 --> 00:30:55,760 Speaker 1: a craft beer is your thing like it is ours. 689 00:30:55,920 --> 00:30:57,560 Speaker 1: We hope you have a nice craft beer this weekend. 690 00:30:58,000 --> 00:31:00,480 Speaker 1: Maybe you even enjoy a flight a little sampler at 691 00:31:00,520 --> 00:31:03,880 Speaker 1: your local brewery. Sampler like four different beers. That's yeah, exactly, 692 00:31:04,080 --> 00:31:05,720 Speaker 1: wait to go, all right, that's gonna be it for 693 00:31:05,720 --> 00:31:07,920 Speaker 1: this episode. Listeners can find our show notes up on 694 00:31:08,000 --> 00:31:10,040 Speaker 1: our website at how to money dot com. We'll see 695 00:31:10,040 --> 00:31:13,160 Speaker 1: you back here on Monday for a new ask htm episode, 696 00:31:13,360 --> 00:31:16,320 Speaker 1: but until then, best Friends Out, best Friends Out,