1 00:00:00,080 --> 00:00:03,000 Speaker 1: Welcome to How the Money. I'm Joel and I am Matt, 2 00:00:03,200 --> 00:00:07,200 Speaker 1: and today we are having a financial festivus. We're celebrating, listener, 3 00:00:07,240 --> 00:00:29,240 Speaker 1: money wins a financial festivals for the rest of us. 4 00:00:29,360 --> 00:00:30,680 Speaker 1: What is it? What does that come from? Is that 5 00:00:30,720 --> 00:00:33,760 Speaker 1: a Seinfeld? Oh? Is it? Yeah? I'm thinking, Oh, that's right. 6 00:00:34,479 --> 00:00:36,199 Speaker 1: I think one of the shows that girls have been 7 00:00:36,240 --> 00:00:39,599 Speaker 1: watching recently in the holiday revolves around festivals. The word 8 00:00:39,600 --> 00:00:42,440 Speaker 1: festivals instead of whatever it is that they're actually celebrating. 9 00:00:42,440 --> 00:00:46,160 Speaker 1: I guess, but yes, right Seinfeld. Well, now the holidays 10 00:00:46,280 --> 00:00:48,640 Speaker 1: are over, but it is it is that time and 11 00:00:48,880 --> 00:00:51,040 Speaker 1: New Year's Eve come. Well, yeah, that's a that's a 12 00:00:51,040 --> 00:00:53,159 Speaker 1: big time holiday. Yeah, there's still this is still a 13 00:00:53,159 --> 00:00:55,080 Speaker 1: great time to celebrate and view with people you love 14 00:00:55,120 --> 00:00:56,800 Speaker 1: and just kind of like not work as hard as 15 00:00:56,840 --> 00:00:59,200 Speaker 1: you normally do or at all. Hopefully you have been 16 00:00:59,200 --> 00:01:01,680 Speaker 1: able to take some time off to spend time with 17 00:01:01,760 --> 00:01:04,400 Speaker 1: your loved ones. But Joel, actually I just mentioned New 18 00:01:04,440 --> 00:01:06,679 Speaker 1: Year's Eve. I just wanted to quickly share you've only 19 00:01:06,720 --> 00:01:09,520 Speaker 1: got a couple more days to get your donations, and 20 00:01:09,600 --> 00:01:11,120 Speaker 1: if you wanted to make sure that you're going to 21 00:01:11,200 --> 00:01:13,320 Speaker 1: maximize the amount of money that you were going to 22 00:01:13,319 --> 00:01:15,640 Speaker 1: give away this year, and it's true. Yeah, some things 23 00:01:15,640 --> 00:01:17,760 Speaker 1: we have until later in the next year. But this 24 00:01:17,800 --> 00:01:19,759 Speaker 1: is one of those things that you've got until December 25 00:01:19,760 --> 00:01:21,880 Speaker 1: thirty one. You know that's true. But here's the other thing. 26 00:01:22,640 --> 00:01:24,399 Speaker 1: Even if you give money away in January, you still 27 00:01:24,400 --> 00:01:26,240 Speaker 1: get a tax break next year on that money next year, 28 00:01:26,400 --> 00:01:29,200 Speaker 1: of course, if that is, if you don't take the 29 00:01:29,200 --> 00:01:33,199 Speaker 1: Center deduction. That's true, But which goes up next We've 30 00:01:33,200 --> 00:01:35,160 Speaker 1: already talked to me talking about all this. I wanted 31 00:01:35,160 --> 00:01:37,160 Speaker 1: to mention one thing, Matt like, because we're so close 32 00:01:37,160 --> 00:01:39,560 Speaker 1: to New Year's Eve, it just kind of made me 33 00:01:39,600 --> 00:01:42,120 Speaker 1: think today that one do you drink craft beer or 34 00:01:42,160 --> 00:01:44,640 Speaker 1: champagne on New Year's Eve? It depends on the person. 35 00:01:45,080 --> 00:01:47,520 Speaker 1: I'm cool with both, right, I'm cool with either. But 36 00:01:48,200 --> 00:01:50,400 Speaker 1: some of my parents friends were you asking me? Are 37 00:01:50,440 --> 00:01:51,640 Speaker 1: you just kind of like no, I just want to 38 00:01:51,640 --> 00:01:53,640 Speaker 1: move on. I don't care what you're drinking. Actually, obviously, 39 00:01:54,640 --> 00:01:56,200 Speaker 1: I just want to mention that one of my parents 40 00:01:56,200 --> 00:01:59,480 Speaker 1: friends they realized at one point, like we love champagne. 41 00:01:59,480 --> 00:02:01,960 Speaker 1: Why do we only drink champagne on New Year's Eve 42 00:02:02,080 --> 00:02:04,040 Speaker 1: or like twice a year? Right? Why is it only 43 00:02:04,120 --> 00:02:07,360 Speaker 1: for these certain days of the year when this is 44 00:02:07,400 --> 00:02:09,720 Speaker 1: something like we'd love to drink drink like a couple 45 00:02:09,720 --> 00:02:11,560 Speaker 1: of times a week, and so, yeah, they did some 46 00:02:11,680 --> 00:02:15,600 Speaker 1: introspection and they realized this was their craft peer was champagne, 47 00:02:16,040 --> 00:02:18,399 Speaker 1: and they started buying their favorite one by the case 48 00:02:18,440 --> 00:02:21,880 Speaker 1: at Costco and nice. They just drink it like with 49 00:02:21,960 --> 00:02:23,839 Speaker 1: dinner two or three nights a week, like we've got 50 00:02:24,000 --> 00:02:27,160 Speaker 1: champagne taste and we happen to have a champagne budget, 51 00:02:27,600 --> 00:02:31,959 Speaker 1: according to Costco. Yeah, I think the reason oftentimes people 52 00:02:32,000 --> 00:02:34,600 Speaker 1: don't drink champagne during the week with dinner three times 53 00:02:34,600 --> 00:02:37,440 Speaker 1: a week is because it's called champagne, which always has 54 00:02:37,480 --> 00:02:39,360 Speaker 1: to do with some sort of celebration, right, Like that's 55 00:02:39,400 --> 00:02:42,880 Speaker 1: why prosecco exists, because that's how you drink a sparkling 56 00:02:42,880 --> 00:02:45,920 Speaker 1: white with without calling it champagne and for it to 57 00:02:45,919 --> 00:02:49,560 Speaker 1: not feel like you're constantly, you know, being indulgent and 58 00:02:49,639 --> 00:02:52,600 Speaker 1: over the top. That curkling signature prosecco is pretty good too, 59 00:02:52,600 --> 00:02:54,480 Speaker 1: by the way, I've never had it. So do they 60 00:02:54,480 --> 00:02:56,720 Speaker 1: buy do you know what they purchase a like an 61 00:02:56,760 --> 00:03:00,919 Speaker 1: actual name brand. Um think it's just like cooks, brute champagne. 62 00:03:00,960 --> 00:03:03,320 Speaker 1: It's just literally what cooks is like l G PO. 63 00:03:03,400 --> 00:03:05,200 Speaker 1: It's like the standard. It's like seven dollars a bottle 64 00:03:05,240 --> 00:03:07,240 Speaker 1: or something. It's not expensive, and so that's the thing. 65 00:03:07,280 --> 00:03:09,320 Speaker 1: It's like, they just like the they like popping that 66 00:03:09,400 --> 00:03:12,160 Speaker 1: cork and they like drinking that bubbly drink. Yeah, and 67 00:03:12,240 --> 00:03:14,840 Speaker 1: it's almost too bubbly for me. Yeah, I personally I 68 00:03:14,880 --> 00:03:16,560 Speaker 1: like it, and I am personally the kind of guy 69 00:03:16,600 --> 00:03:18,760 Speaker 1: who would not want to drink it three times a week, 70 00:03:18,800 --> 00:03:20,440 Speaker 1: But I don't know, a few times a year is 71 00:03:20,560 --> 00:03:23,359 Speaker 1: fine for me. Definitely New Year's Eve, Yes, definitely on 72 00:03:23,400 --> 00:03:25,560 Speaker 1: New Year's Eve. But it's it's one of those things 73 00:03:25,560 --> 00:03:28,640 Speaker 1: where I don't know, there's something important about knowing yourself 74 00:03:28,760 --> 00:03:30,640 Speaker 1: and how much that's going to move the needle for you. 75 00:03:30,720 --> 00:03:33,480 Speaker 1: And it's like, yeah, for us, we drink a lot 76 00:03:33,520 --> 00:03:36,000 Speaker 1: of good craft beer and we don't mind spending the 77 00:03:36,040 --> 00:03:38,600 Speaker 1: money to do it regularly. And when you find what 78 00:03:38,680 --> 00:03:40,440 Speaker 1: that thing is in your life, put some more of 79 00:03:40,480 --> 00:03:43,000 Speaker 1: your dollars in that direction. Be intentional. And that's just 80 00:03:43,080 --> 00:03:45,160 Speaker 1: kind of like a random, interesting way that some of 81 00:03:45,160 --> 00:03:47,920 Speaker 1: my parents friends were intentional. But I find it cool. 82 00:03:47,960 --> 00:03:49,960 Speaker 1: I love it. Thank you for sherry Man. Speaking of 83 00:03:50,000 --> 00:03:53,520 Speaker 1: craft beer, this is a beer that we were fortunate 84 00:03:53,680 --> 00:03:55,800 Speaker 1: enough to receive. This is not a beer that we 85 00:03:55,840 --> 00:04:00,560 Speaker 1: purchased ourselves. This is a coconut PM down. Uh. This 86 00:04:00,640 --> 00:04:04,520 Speaker 1: is a beer by Trillium, sent to us by Ali. 87 00:04:04,640 --> 00:04:06,680 Speaker 1: I cannot wait to drink this beer and share our 88 00:04:06,720 --> 00:04:08,720 Speaker 1: thoughts on this one at the end of the episode. 89 00:04:08,800 --> 00:04:10,280 Speaker 1: This is a beer that we can't get our hands on, 90 00:04:10,320 --> 00:04:12,680 Speaker 1: and so this is super special. So glad that you 91 00:04:12,680 --> 00:04:15,400 Speaker 1: and I are essentially ringing in the well, we're not 92 00:04:15,480 --> 00:04:16,960 Speaker 1: ringing in the new year. We've got a Friday episode 93 00:04:17,000 --> 00:04:19,719 Speaker 1: being out the old yet yeahally it's kind of oh, 94 00:04:19,800 --> 00:04:21,960 Speaker 1: I like it. It's like PM dawn. It's almost like 95 00:04:22,000 --> 00:04:24,359 Speaker 1: we're in the in between period of time here before 96 00:04:24,400 --> 00:04:26,360 Speaker 1: the New Year starts. That's right. Yeah, it's uh, we 97 00:04:26,360 --> 00:04:28,479 Speaker 1: do not playing this out always darkest before the dawn. 98 00:04:28,560 --> 00:04:31,400 Speaker 1: It's always a stretch when we do things like that. Yeah, 99 00:04:31,440 --> 00:04:34,320 Speaker 1: but no, Ali mentioned that her wife used to work 100 00:04:34,320 --> 00:04:37,200 Speaker 1: at Trillium, and so she they sent these beers our way, 101 00:04:37,560 --> 00:04:40,320 Speaker 1: a few beers, and we're obsessed with Trillium, so we're 102 00:04:40,360 --> 00:04:42,680 Speaker 1: really excited about this and not wait, yeah, alright, Well, 103 00:04:42,760 --> 00:04:45,279 Speaker 1: let's let's move on, Matt, let's celebrate some listener money victories. 104 00:04:45,320 --> 00:04:47,760 Speaker 1: We've got a bunch of listeners submissions that we want 105 00:04:47,760 --> 00:04:49,640 Speaker 1: to share with you, but we wanted to before we 106 00:04:49,680 --> 00:04:51,280 Speaker 1: get to that, Matt and I were going to share 107 00:04:51,480 --> 00:04:54,160 Speaker 1: our big money wins from this year too. And really, 108 00:04:54,200 --> 00:04:56,240 Speaker 1: when it comes down to its celebration, we would say, 109 00:04:56,200 --> 00:04:58,839 Speaker 1: it's just an important part of being human when we 110 00:04:58,880 --> 00:05:02,440 Speaker 1: achieve something rate, when we do something awesome, h and 111 00:05:02,640 --> 00:05:05,839 Speaker 1: when we accomplish a major goal that we've had, Uh, 112 00:05:05,920 --> 00:05:07,800 Speaker 1: if we move right on from it, we end up 113 00:05:07,839 --> 00:05:10,919 Speaker 1: losing something in the process. We would say that, like celebration, 114 00:05:11,440 --> 00:05:15,000 Speaker 1: it improves our well being. Right. Uh, these little celebrations 115 00:05:15,000 --> 00:05:17,839 Speaker 1: were able to have. They create a greater significance for 116 00:05:17,920 --> 00:05:20,640 Speaker 1: the work that we've done. They create a milestone surrounding 117 00:05:20,640 --> 00:05:22,479 Speaker 1: the things that we we've been able to achieve. We 118 00:05:22,480 --> 00:05:25,680 Speaker 1: can look back and say, because there was a celebration 119 00:05:25,720 --> 00:05:27,800 Speaker 1: that happened after we were able to achieve that thing, 120 00:05:28,200 --> 00:05:30,359 Speaker 1: that it like sticks in our mind in a different way. 121 00:05:30,560 --> 00:05:33,240 Speaker 1: And so yeah, these little mini celebrations can give us, 122 00:05:33,279 --> 00:05:35,560 Speaker 1: you know, what we need to move forward towards the 123 00:05:35,560 --> 00:05:38,120 Speaker 1: next goal on the horizon, and so we would say 124 00:05:38,800 --> 00:05:41,000 Speaker 1: you can celebrate in all sorts of different ways. Right, 125 00:05:41,040 --> 00:05:43,160 Speaker 1: A good craft beer is one of our favorite ways 126 00:05:43,200 --> 00:05:46,280 Speaker 1: to celebrate. Choose your own. But that's just what we're 127 00:05:46,320 --> 00:05:48,520 Speaker 1: gonna do today. We're gonna celebrate together, and we're gonna 128 00:05:48,520 --> 00:05:51,159 Speaker 1: hear what you've been able to accomplish this year. Let's 129 00:05:51,200 --> 00:05:53,320 Speaker 1: highlight the good things that are happening in a world 130 00:05:53,320 --> 00:05:56,880 Speaker 1: that is consistently fails to do so. And let's celebrate 131 00:05:56,920 --> 00:05:59,400 Speaker 1: big money progress that all of you have been able 132 00:05:59,440 --> 00:06:02,360 Speaker 1: to achieve. And let's do it together. That's right, Uh, dude. 133 00:06:02,360 --> 00:06:04,440 Speaker 1: And I like what you said about celebrations giving us 134 00:06:04,440 --> 00:06:05,960 Speaker 1: what we need to move forward. You know, they provide 135 00:06:06,000 --> 00:06:09,120 Speaker 1: us with the fuel or that little boost that we need. Uh. 136 00:06:09,120 --> 00:06:12,080 Speaker 1: But they are also inherently fun, you know, Like in 137 00:06:12,160 --> 00:06:15,640 Speaker 1: and of itself, a celebration can provide life satisfaction, it 138 00:06:15,680 --> 00:06:18,520 Speaker 1: can provide happiness. Uh. And like we've talked about recently 139 00:06:18,520 --> 00:06:20,400 Speaker 1: here on the show, like what's the point of working 140 00:06:20,480 --> 00:06:23,839 Speaker 1: so hard for years or even decades if you're not 141 00:06:23,920 --> 00:06:27,279 Speaker 1: also striving towards including some of the other aspects of life, 142 00:06:27,279 --> 00:06:29,919 Speaker 1: the different facets of life where we can find true 143 00:06:29,960 --> 00:06:32,640 Speaker 1: satisfaction and meaning, you know, we played our part on 144 00:06:32,680 --> 00:06:35,400 Speaker 1: that front. We had a little fantastic little Christmas party 145 00:06:35,400 --> 00:06:37,240 Speaker 1: a couple of weeks ago with our wives. But you know, 146 00:06:37,279 --> 00:06:38,839 Speaker 1: my question for you is is it, like, is it 147 00:06:38,880 --> 00:06:41,120 Speaker 1: technically a Christmas party when it's just there, just four 148 00:06:41,120 --> 00:06:43,240 Speaker 1: of us? I think so we're like a double date. 149 00:06:43,920 --> 00:06:46,680 Speaker 1: But we officially call it the how the Money Christmas Party. Well, 150 00:06:46,720 --> 00:06:49,760 Speaker 1: it is we allow ourselves to do something that we 151 00:06:49,880 --> 00:06:53,000 Speaker 1: otherwise wouldn't in a regular week, and we both get babysitters, 152 00:06:53,120 --> 00:06:56,440 Speaker 1: which is difficult because we do the baby costly and 153 00:06:56,480 --> 00:06:58,599 Speaker 1: constantly exactly, So we first of all we do that, 154 00:06:58,640 --> 00:07:01,520 Speaker 1: and then we're going out for number of hours at 155 00:07:01,520 --> 00:07:04,400 Speaker 1: a nice, fun restaurant. We're able to enjoy ourselves and 156 00:07:04,400 --> 00:07:06,320 Speaker 1: have some drinks. Yeah, so I think I think that 157 00:07:06,440 --> 00:07:09,320 Speaker 1: is definitely a celebration, definitely a party, getting a little 158 00:07:09,320 --> 00:07:11,720 Speaker 1: bit dressed up. I put on my nicest lad shirt. 159 00:07:12,280 --> 00:07:14,560 Speaker 1: I even oiled up my boots that transformed them from 160 00:07:14,560 --> 00:07:16,840 Speaker 1: my work boots too. Okay, now I'm going out, And 161 00:07:16,840 --> 00:07:19,200 Speaker 1: when we call it a celebration, it kind of inherently 162 00:07:19,200 --> 00:07:20,920 Speaker 1: becomes that, right, Like we give it that name, and 163 00:07:20,960 --> 00:07:23,240 Speaker 1: it's like, that's what we're gonna do tonight, you christen it. Yeah, 164 00:07:23,320 --> 00:07:27,760 Speaker 1: also champagne reference right now. And we reflected on the 165 00:07:27,800 --> 00:07:30,200 Speaker 1: good things that we've been able to accomplish this year, 166 00:07:30,240 --> 00:07:33,240 Speaker 1: the good fortune that we've had, and just the joy 167 00:07:33,280 --> 00:07:35,440 Speaker 1: that we've had in doing the work. And so we 168 00:07:35,480 --> 00:07:38,200 Speaker 1: would say, while finding happiness and meaning are really important, 169 00:07:38,400 --> 00:07:41,800 Speaker 1: we're also celebrating because we want these stories to be 170 00:07:41,840 --> 00:07:44,400 Speaker 1: an inspiration to all of you. Right. I know there 171 00:07:44,440 --> 00:07:46,880 Speaker 1: are folks listening to this podcast, maybe you've been listening 172 00:07:46,880 --> 00:07:49,480 Speaker 1: for just a few weeks or a few months, and 173 00:07:49,520 --> 00:07:51,520 Speaker 1: we're glad to have you here. But yeah, the main 174 00:07:51,560 --> 00:07:53,440 Speaker 1: goal of this show is to help folks who tune 175 00:07:53,440 --> 00:07:56,720 Speaker 1: in transform their financial lives, like do better with their money, 176 00:07:56,760 --> 00:07:58,920 Speaker 1: get a handle on their finances, maybe for the first 177 00:07:58,960 --> 00:08:02,600 Speaker 1: time ever. And so this show has special meaning to us. 178 00:08:02,840 --> 00:08:04,560 Speaker 1: But we also want you to learn something in every 179 00:08:04,600 --> 00:08:06,640 Speaker 1: episode that we release, including this one. And I think 180 00:08:06,880 --> 00:08:09,240 Speaker 1: Matt based on what people have been able to accomplish. 181 00:08:09,280 --> 00:08:11,240 Speaker 1: If you're a listener and you're like, I just don't 182 00:08:11,280 --> 00:08:13,560 Speaker 1: just want to hear cool stuff that other people have done, well, 183 00:08:13,800 --> 00:08:15,680 Speaker 1: the great thing is in hearing their wins and you 184 00:08:15,720 --> 00:08:17,560 Speaker 1: and I talking about them, I think we can all 185 00:08:17,640 --> 00:08:20,960 Speaker 1: learn something too. And and also there's something about seeing 186 00:08:20,960 --> 00:08:25,360 Speaker 1: what's possible right, seeing how incredibly far some people have come, 187 00:08:25,600 --> 00:08:28,520 Speaker 1: sometimes in a limited space of time. And so yeah, 188 00:08:28,560 --> 00:08:31,400 Speaker 1: personal anecdotes like once from your fellow listener that we're 189 00:08:31,400 --> 00:08:33,880 Speaker 1: gonna hear today can just be this powerful boost to 190 00:08:33,920 --> 00:08:36,240 Speaker 1: your psyche when it comes to deciding what you want 191 00:08:36,240 --> 00:08:38,880 Speaker 1: to accomplish next year. It can brought in your horizons 192 00:08:38,920 --> 00:08:41,480 Speaker 1: when you otherwise might have set your sites a little 193 00:08:41,480 --> 00:08:44,240 Speaker 1: bit lower. Totally. Yeah, you might hear someone in there, 194 00:08:44,400 --> 00:08:47,160 Speaker 1: you know, their finances might sound pretty similar to yours 195 00:08:47,200 --> 00:08:49,480 Speaker 1: that I think could be encouraging, or maybe like their 196 00:08:49,480 --> 00:08:52,680 Speaker 1: money situation is completely different, but you happen to share 197 00:08:52,679 --> 00:08:55,320 Speaker 1: a similar goal. Either way, these are powerful things to 198 00:08:55,360 --> 00:08:57,720 Speaker 1: remind ourselves of. And so let's go ahead and kick 199 00:08:57,720 --> 00:09:00,199 Speaker 1: it off of the fact that this episode marks yet 200 00:09:00,240 --> 00:09:03,120 Speaker 1: another year of podcasting here at How the Money, but 201 00:09:03,200 --> 00:09:05,920 Speaker 1: specifically this is the first year that we have both 202 00:09:05,960 --> 00:09:09,120 Speaker 1: been full time podcasters. Uh, and would you take a look, 203 00:09:09,280 --> 00:09:12,600 Speaker 1: we haven't strangled each other and the business looks good 204 00:09:12,720 --> 00:09:17,040 Speaker 1: still somehow, best friends, that's true. Uh, we easily have 205 00:09:17,080 --> 00:09:19,240 Speaker 1: spent more time together this year than I don't, like, 206 00:09:19,240 --> 00:09:21,840 Speaker 1: would you say, like the entire like our entire friendship 207 00:09:21,840 --> 00:09:24,440 Speaker 1: over the past decade combined. Probably, I mean if you 208 00:09:24,480 --> 00:09:27,280 Speaker 1: count all the time outside of work but also here 209 00:09:27,320 --> 00:09:31,160 Speaker 1: in the studio, here in the office, it's probably pretty significant. 210 00:09:31,880 --> 00:09:33,680 Speaker 1: But like it kind of makes me think about building 211 00:09:33,679 --> 00:09:37,280 Speaker 1: a chair, you know, Like I've never crafted a chair myself, 212 00:09:37,640 --> 00:09:40,040 Speaker 1: but maybe I will someday. I've done the Ikea ones, 213 00:09:40,120 --> 00:09:42,719 Speaker 1: but yeah, that doesn't like in my mind, I mean 214 00:09:42,760 --> 00:09:45,720 Speaker 1: like turning like wooden dowels and like I don't like 215 00:09:45,720 --> 00:09:48,200 Speaker 1: like a dovetail joint. Yeah, like a like a real 216 00:09:48,480 --> 00:09:51,240 Speaker 1: crafted chair. I've not done that yet. But I've got 217 00:09:51,240 --> 00:09:53,480 Speaker 1: to think that the first time that you sit down 218 00:09:53,480 --> 00:09:55,800 Speaker 1: on this thing, it would be pretty nerve racking. You know, 219 00:09:56,000 --> 00:09:58,080 Speaker 1: like you spent a lot of time working on it. 220 00:09:58,400 --> 00:10:00,320 Speaker 1: You think it's it's beautiful, you're proud out of it, 221 00:10:00,679 --> 00:10:04,559 Speaker 1: but it is not completely fulfilling its intended purpose until 222 00:10:04,600 --> 00:10:06,800 Speaker 1: someone can actually sit in the dang thing. Uh. And 223 00:10:06,840 --> 00:10:08,480 Speaker 1: so you know, you and I we slowly kind of 224 00:10:08,520 --> 00:10:10,560 Speaker 1: put some of our weight on this podcast over the years, 225 00:10:10,559 --> 00:10:13,040 Speaker 1: but now we've seen that it is capable of handling 226 00:10:13,240 --> 00:10:16,520 Speaker 1: all of our weights. That is amazing. And we have 227 00:10:16,600 --> 00:10:18,920 Speaker 1: every single one of you listeners out there to think, 228 00:10:19,320 --> 00:10:21,439 Speaker 1: all you besties out there listening to how the money 229 00:10:21,720 --> 00:10:24,080 Speaker 1: make Joel and I a couple of very lucky dudes. 230 00:10:24,120 --> 00:10:26,440 Speaker 1: I mean, yeah, to get to do what we love 231 00:10:26,880 --> 00:10:29,079 Speaker 1: with your best friend, like that's like the Apex Man. 232 00:10:29,080 --> 00:10:30,800 Speaker 1: It doesn't get much better than that. And so we 233 00:10:30,800 --> 00:10:33,120 Speaker 1: are truly thankful and it doesn't happen without all of 234 00:10:33,160 --> 00:10:35,360 Speaker 1: you listening throughout the years. So that is a huge 235 00:10:35,400 --> 00:10:38,920 Speaker 1: money win for us, is having a self sustaining business. 236 00:10:38,960 --> 00:10:41,120 Speaker 1: So yeah, if we're just gonna give maybe one money 237 00:10:41,120 --> 00:10:43,960 Speaker 1: win as like a podcast, that's it. Like we're doing 238 00:10:44,000 --> 00:10:46,520 Speaker 1: it so right, that's huge. But Matt, let's let's give 239 00:10:46,600 --> 00:10:49,720 Speaker 1: maybe each of our own individual big money wins for 240 00:10:49,760 --> 00:10:52,800 Speaker 1: this year too, And and I'll go ahead and start. 241 00:10:53,200 --> 00:10:56,439 Speaker 1: I think think for me, um, yeah, being being able 242 00:10:56,480 --> 00:10:59,880 Speaker 1: to be a full time podcaster is huge, that's number one. 243 00:11:00,000 --> 00:11:02,600 Speaker 1: But personally for me, I got to on another rental 244 00:11:02,600 --> 00:11:04,400 Speaker 1: property this year, and that was a big money win 245 00:11:04,760 --> 00:11:07,600 Speaker 1: because yeah, I think it's kind of been my goal 246 00:11:07,679 --> 00:11:11,520 Speaker 1: to buy another property every eighteen months to twenty four months, 247 00:11:11,520 --> 00:11:13,760 Speaker 1: like somewhere in that cycle, and I did it again 248 00:11:13,760 --> 00:11:16,000 Speaker 1: this year, even in the teeth of a market where 249 00:11:16,000 --> 00:11:17,000 Speaker 1: I was like, I don't know if this is gonna 250 00:11:17,000 --> 00:11:18,880 Speaker 1: work out. I don't think it's gonna make financial sense, 251 00:11:18,920 --> 00:11:21,160 Speaker 1: but it did. And I guess part of the other 252 00:11:21,480 --> 00:11:23,560 Speaker 1: reason it was helpful to buy that property is because 253 00:11:23,600 --> 00:11:25,880 Speaker 1: we've been living in that property minally and I for 254 00:11:26,280 --> 00:11:29,360 Speaker 1: uh for some months, while we're doing some renovations to 255 00:11:29,480 --> 00:11:32,920 Speaker 1: our current house, while you know, hopefully making one good 256 00:11:32,960 --> 00:11:35,959 Speaker 1: financial move, while we're also kind of sort of pouring 257 00:11:36,000 --> 00:11:38,360 Speaker 1: money down the drain as we renovate our house a 258 00:11:38,360 --> 00:11:41,520 Speaker 1: little bit. Maybe you two financial win will be getting 259 00:11:41,520 --> 00:11:44,719 Speaker 1: back into your actual home. Yes, early early in two 260 00:11:44,800 --> 00:11:47,319 Speaker 1: fingers crossed. Uh. It's funny too that you mentioned a 261 00:11:47,360 --> 00:11:49,920 Speaker 1: rental property, because, like I wanted to highlight, maybe like 262 00:11:49,960 --> 00:11:52,520 Speaker 1: almost the opposite. You know, I didn't sell any properties, 263 00:11:52,559 --> 00:11:55,640 Speaker 1: but I realized this year that I am no longer 264 00:11:55,720 --> 00:11:58,840 Speaker 1: interested in buying more investment properties. Of course, you know 265 00:11:58,880 --> 00:12:00,880 Speaker 1: this could change in the future, who knows what's to come. 266 00:12:01,240 --> 00:12:03,480 Speaker 1: But at this point in my life, I count it 267 00:12:03,520 --> 00:12:05,959 Speaker 1: as a big win to not only have realized like 268 00:12:06,000 --> 00:12:08,160 Speaker 1: what it is that I'm looking to include more of 269 00:12:08,280 --> 00:12:10,840 Speaker 1: and into my life but also be in the financial 270 00:12:10,880 --> 00:12:13,880 Speaker 1: position to make that a reality. And so you know, 271 00:12:13,920 --> 00:12:15,800 Speaker 1: I guess that's not really a specific action that I 272 00:12:15,840 --> 00:12:17,920 Speaker 1: took this year. And the lack of action, I guess 273 00:12:17,960 --> 00:12:20,920 Speaker 1: you're like, who not buying any more rental properties? Like, well, 274 00:12:21,240 --> 00:12:23,880 Speaker 1: I guess you realize that, Hey, I've got I don't 275 00:12:23,880 --> 00:12:26,440 Speaker 1: I've only got so much time, and I'm I'm pouring 276 00:12:26,600 --> 00:12:29,480 Speaker 1: you know, my family and the business like those are. 277 00:12:30,160 --> 00:12:31,960 Speaker 1: If if I start, you know, looking to do more 278 00:12:32,040 --> 00:12:34,080 Speaker 1: rental properties, that's another part time job. And I guess 279 00:12:34,080 --> 00:12:35,600 Speaker 1: you just don't want to put your your money or 280 00:12:35,600 --> 00:12:37,319 Speaker 1: your time in that direction right now. Like, honestly, it's 281 00:12:37,320 --> 00:12:39,880 Speaker 1: mostly the time because the returns are there. I mean, 282 00:12:39,880 --> 00:12:41,920 Speaker 1: real estate has been good to both you and me 283 00:12:42,000 --> 00:12:44,640 Speaker 1: over the years, man. But for me, I've realized, I'm 284 00:12:44,640 --> 00:12:46,800 Speaker 1: at this point that if I bring on more properties, 285 00:12:47,000 --> 00:12:50,199 Speaker 1: it's going to be like it's truly reaching that point 286 00:12:50,280 --> 00:12:52,880 Speaker 1: where it's like a real part time job as opposed 287 00:12:52,880 --> 00:12:55,400 Speaker 1: to being kind of like this fake part time job. Uh. 288 00:12:55,440 --> 00:12:57,080 Speaker 1: And I don't want to get any closer to that 289 00:12:57,120 --> 00:13:00,640 Speaker 1: threshold where I'm tempted to maybe get management, which I 290 00:13:00,640 --> 00:13:03,080 Speaker 1: would do if I had above a certain threshold, right, Like, 291 00:13:03,080 --> 00:13:05,400 Speaker 1: but I feel like I'm in kind of the sweet spot. Uh, 292 00:13:05,440 --> 00:13:08,920 Speaker 1: And so that's not necessarily something that I've like specifically 293 00:13:08,960 --> 00:13:10,200 Speaker 1: done this year. I feel like it's more of like 294 00:13:10,240 --> 00:13:14,040 Speaker 1: a culmination of just me, like over fifteen years making 295 00:13:14,080 --> 00:13:16,400 Speaker 1: good decisions and again kind of being in that financial 296 00:13:16,400 --> 00:13:18,640 Speaker 1: position to make that decision. But if I did have 297 00:13:18,679 --> 00:13:20,319 Speaker 1: to tie it to a specific action, I will say, 298 00:13:20,360 --> 00:13:22,880 Speaker 1: I mean, this year, I have invested, Like, because I've 299 00:13:22,920 --> 00:13:25,079 Speaker 1: identified this, I've been able to invest more into the 300 00:13:25,160 --> 00:13:28,200 Speaker 1: actual stock market, way more than I ever have before. 301 00:13:28,320 --> 00:13:30,640 Speaker 1: And that feels really good to invest for my future 302 00:13:30,880 --> 00:13:35,200 Speaker 1: in a way that doesn't require any texting, any coordination 303 00:13:35,480 --> 00:13:39,240 Speaker 1: of contractors, any collection of rent that might be late, 304 00:13:39,720 --> 00:13:41,920 Speaker 1: that kind of thing. This thing is completely on autopilot. 305 00:13:41,960 --> 00:13:43,319 Speaker 1: There you go. Yeah, No, I think that's a that's 306 00:13:43,320 --> 00:13:44,800 Speaker 1: a good part doing. And that's something that we try 307 00:13:44,800 --> 00:13:46,360 Speaker 1: to talk about any time we talk about real estate 308 00:13:46,400 --> 00:13:49,439 Speaker 1: investing is yes, it can provide outside returns, and there 309 00:13:49,480 --> 00:13:52,559 Speaker 1: are a whole lot of specific ways that you can 310 00:13:53,080 --> 00:13:57,120 Speaker 1: maximize your dollars if you put them into physical houses 311 00:13:57,160 --> 00:13:59,080 Speaker 1: that you ran out. Uh. And if you get that 312 00:13:59,120 --> 00:14:01,000 Speaker 1: down to a sigh, it's if you know what you're doing. 313 00:14:01,320 --> 00:14:04,120 Speaker 1: But you're right. The easy route is index investing in 314 00:14:04,160 --> 00:14:07,199 Speaker 1: those retirement accounts and and you know, if you're killing 315 00:14:07,240 --> 00:14:08,520 Speaker 1: it in there, then you put it inside of a 316 00:14:08,559 --> 00:14:11,720 Speaker 1: brokerage account. And for a lot of people, they're not 317 00:14:11,800 --> 00:14:15,000 Speaker 1: going to become mom and popularistate investors like us because 318 00:14:15,000 --> 00:14:17,720 Speaker 1: they realize and it's true that it does become somewhat 319 00:14:17,760 --> 00:14:19,760 Speaker 1: of a part time job. And yeah, if you've got 320 00:14:19,920 --> 00:14:23,520 Speaker 1: two or three, maybe four, it's it's not too terribly 321 00:14:23,520 --> 00:14:26,360 Speaker 1: difficult to self manage most of the time. But there 322 00:14:26,400 --> 00:14:28,120 Speaker 1: are those days and you're like, why am I doing this? 323 00:14:29,040 --> 00:14:31,920 Speaker 1: That's right, But yeah, I understand not girling that and 324 00:14:31,920 --> 00:14:34,000 Speaker 1: and knowing what you want is a big money win. 325 00:14:34,120 --> 00:14:36,840 Speaker 1: But we have so many more money wins to share, 326 00:14:36,880 --> 00:14:38,680 Speaker 1: not just Matt and I like, what did you do 327 00:14:38,720 --> 00:14:40,480 Speaker 1: this year? What did you accomplish? We're gonna get you 328 00:14:40,520 --> 00:14:43,200 Speaker 1: a bunch of those, share them with you right after this. 329 00:14:52,160 --> 00:14:54,880 Speaker 1: All right, we are back, And so I just mentioned 330 00:14:54,880 --> 00:14:57,920 Speaker 1: that my big money win was housing related. A bunch 331 00:14:57,920 --> 00:15:00,520 Speaker 1: of others actually were to this year, and we'll get 332 00:15:00,520 --> 00:15:02,360 Speaker 1: to a lot of those in a second. But yeah, 333 00:15:02,360 --> 00:15:04,720 Speaker 1: there's something we can celebrate and learn from each one 334 00:15:04,720 --> 00:15:08,320 Speaker 1: of these listeners submissions. Let's celebrate first on this episode 335 00:15:08,360 --> 00:15:11,760 Speaker 1: Matt with Jonathan. Hey, Matt and Joel, this is Jonathan 336 00:15:11,760 --> 00:15:15,960 Speaker 1: in Seattle. My money win for one was to build 337 00:15:16,200 --> 00:15:20,120 Speaker 1: on the momentum from and keep paying my credit cards 338 00:15:20,160 --> 00:15:23,400 Speaker 1: off in full every month. And this was the first 339 00:15:23,520 --> 00:15:26,960 Speaker 1: year that I've paid zero dollars in interest to the 340 00:15:26,960 --> 00:15:29,720 Speaker 1: credit card companies. It feels pretty good. Also about a 341 00:15:29,720 --> 00:15:32,840 Speaker 1: small raise and up to my retirement contributions. So here's 342 00:15:32,840 --> 00:15:37,520 Speaker 1: to a great where hopefully that will be maxed out. 343 00:15:38,080 --> 00:15:40,240 Speaker 1: Thanks for all y'all do, and happy New Year to 344 00:15:40,440 --> 00:15:42,120 Speaker 1: both of you and everyone else in the how to 345 00:15:42,200 --> 00:15:46,280 Speaker 1: Money community. Hey Jonathan, Happy new year to you and 346 00:15:46,600 --> 00:15:49,560 Speaker 1: heck yes, this is awesome. We are so stoked for you. 347 00:15:50,400 --> 00:15:52,880 Speaker 1: What an accomplishment to not pay anything to the credit 348 00:15:52,880 --> 00:15:55,280 Speaker 1: card companies this year us Like, there are so many 349 00:15:55,280 --> 00:15:57,200 Speaker 1: folks who have just gotten used to paying the minimums 350 00:15:57,200 --> 00:15:59,920 Speaker 1: they don't even notice how much it is costing the 351 00:16:00,160 --> 00:16:02,880 Speaker 1: each and every month. The average American pays over one 352 00:16:02,920 --> 00:16:06,640 Speaker 1: thousand dollars in interest to the credit card companies each year. Wow, 353 00:16:06,680 --> 00:16:09,360 Speaker 1: that is a lot of money. Just think what you 354 00:16:09,360 --> 00:16:11,200 Speaker 1: could do if you had that back in your pocket, 355 00:16:11,360 --> 00:16:12,880 Speaker 1: and if you crunch the numbers, I'll tell you what 356 00:16:12,920 --> 00:16:15,040 Speaker 1: you may have been able to do, because that's a 357 00:16:15,080 --> 00:16:18,840 Speaker 1: difference of over seven and fifty thousand dollars were you 358 00:16:18,880 --> 00:16:21,560 Speaker 1: too have invested that money in the SMPF over the 359 00:16:21,640 --> 00:16:24,280 Speaker 1: last forty years. So my guess is that you're going 360 00:16:24,320 --> 00:16:26,720 Speaker 1: to be able to do a lot with that money 361 00:16:26,760 --> 00:16:29,040 Speaker 1: that you're gonna have back in your hands. Yeah, it 362 00:16:29,120 --> 00:16:31,080 Speaker 1: sounds like a small amount, or you see it and 363 00:16:31,120 --> 00:16:33,080 Speaker 1: you're like, I paid eighty dollars to the credit card 364 00:16:33,080 --> 00:16:35,760 Speaker 1: company and interest this month, or you know some people 365 00:16:35,760 --> 00:16:37,120 Speaker 1: it's it's a heck of a lot more than that, 366 00:16:37,480 --> 00:16:38,960 Speaker 1: but you just kind of get used to it. It's 367 00:16:39,000 --> 00:16:40,800 Speaker 1: that inertia bias, and you're like, that's just what I do. 368 00:16:40,880 --> 00:16:43,320 Speaker 1: Is I pay the credit card companies? The new normal. Yeah, 369 00:16:43,360 --> 00:16:45,040 Speaker 1: But when you phrase it like that, Matt, that if 370 00:16:45,080 --> 00:16:46,920 Speaker 1: you were to put in a thousand dollars every year 371 00:16:46,960 --> 00:16:49,880 Speaker 1: for forty years, that's not a whole lot of money. 372 00:16:50,000 --> 00:16:52,400 Speaker 1: A lot of people can figure out a way to 373 00:16:52,440 --> 00:16:54,320 Speaker 1: make that happen. Right, There's not a whole lot of 374 00:16:54,320 --> 00:16:56,960 Speaker 1: money on the front end, is what you're saying. Exactly right. Yes, 375 00:16:57,120 --> 00:16:59,960 Speaker 1: we can all figure out a way to save somewhere 376 00:17:00,080 --> 00:17:03,000 Speaker 1: along the lines of a month, right in order to 377 00:17:03,000 --> 00:17:06,000 Speaker 1: get to that number. But then that ending number four 378 00:17:06,080 --> 00:17:08,160 Speaker 1: years down the line, to have seven d fifty thousand 379 00:17:08,119 --> 00:17:11,280 Speaker 1: dollars in retirement, uh, is incredible. Like to see that 380 00:17:11,320 --> 00:17:13,639 Speaker 1: it grow. It's that that that amount of money, that 381 00:17:13,640 --> 00:17:16,159 Speaker 1: that small amount of money per month would have grown 382 00:17:16,560 --> 00:17:19,359 Speaker 1: that large is just like eye opening. Yeah, to whip 383 00:17:19,359 --> 00:17:22,400 Speaker 1: out eighty bucks, that's nothing like most folks and say, oh, yeah, 384 00:17:22,400 --> 00:17:24,480 Speaker 1: I got eighty bucks here this month. To whip out 385 00:17:24,520 --> 00:17:27,960 Speaker 1: over seven dollars, like, you can't just do that like that, 386 00:17:27,960 --> 00:17:30,000 Speaker 1: that is something that takes a lot of hard work 387 00:17:30,040 --> 00:17:31,720 Speaker 1: over the years and to and to note just that 388 00:17:31,720 --> 00:17:33,679 Speaker 1: that's going to the credit card companies, it's it's not 389 00:17:33,760 --> 00:17:36,600 Speaker 1: going towards something you love. It's going to pay off 390 00:17:36,840 --> 00:17:39,399 Speaker 1: prior spending. And so yeah, that that's huge to not 391 00:17:39,480 --> 00:17:42,760 Speaker 1: be paying that. And Jonathan too, he mentioned momentum when 392 00:17:42,800 --> 00:17:44,280 Speaker 1: he said that, and I think that's just such a 393 00:17:44,280 --> 00:17:47,400 Speaker 1: powerful force because just those initial steps, taking the first 394 00:17:47,440 --> 00:17:50,040 Speaker 1: step is often the hardest when you're trying to achieve 395 00:17:50,080 --> 00:17:51,760 Speaker 1: a goal, when you're like, listen, I want to be 396 00:17:51,880 --> 00:17:54,320 Speaker 1: rid of credit card debt. That doesn't happen overnight, and 397 00:17:54,359 --> 00:17:57,120 Speaker 1: often it takes years because it took years to get 398 00:17:57,160 --> 00:17:59,280 Speaker 1: into that credit card debt in the first place. So 399 00:17:59,359 --> 00:18:01,280 Speaker 1: let's say someone who is listening Matt and they've got 400 00:18:01,320 --> 00:18:04,000 Speaker 1: twenty or thirty dollars worth of credit card debt. I 401 00:18:04,040 --> 00:18:05,879 Speaker 1: think for for those folks, that can be hard to 402 00:18:05,920 --> 00:18:07,919 Speaker 1: believe that they're ever going to be rid of it, 403 00:18:08,240 --> 00:18:09,520 Speaker 1: Like they just assume that it's going to be an 404 00:18:09,520 --> 00:18:11,840 Speaker 1: anvil tied around their neck for for years to come, 405 00:18:12,119 --> 00:18:14,560 Speaker 1: and so often they don't get started, they don't move 406 00:18:14,600 --> 00:18:16,800 Speaker 1: in the right direction, and like I said, that's the 407 00:18:16,800 --> 00:18:20,120 Speaker 1: hardest part. But momentum builds on itself and it can 408 00:18:20,200 --> 00:18:22,040 Speaker 1: lead you to the promised land to where you want 409 00:18:22,040 --> 00:18:23,959 Speaker 1: to go to finally being rid of that. And so 410 00:18:24,119 --> 00:18:26,359 Speaker 1: we gotta say, Jonathan, cheers to you, and here's to 411 00:18:26,440 --> 00:18:29,119 Speaker 1: never paying a dime in interest again. This is one 412 00:18:29,119 --> 00:18:31,159 Speaker 1: of those things where once you cross over to the 413 00:18:31,160 --> 00:18:34,320 Speaker 1: other side and you are using credit cards basically as 414 00:18:34,320 --> 00:18:37,199 Speaker 1: a tool, instead of them using you to fill their coffers, 415 00:18:37,280 --> 00:18:40,320 Speaker 1: you're using them for the different benefits and the rewards 416 00:18:40,400 --> 00:18:42,919 Speaker 1: in the sign up offers exactly. Yeah, we're not against 417 00:18:43,000 --> 00:18:46,400 Speaker 1: credit cards, that's for sure. We're just against owing money 418 00:18:46,440 --> 00:18:48,200 Speaker 1: to the credit cards and not paying them off in 419 00:18:48,240 --> 00:18:49,359 Speaker 1: full at the end of the month. It's like this 420 00:18:49,400 --> 00:18:51,479 Speaker 1: beast that we want you to tame, exactly, and you 421 00:18:51,520 --> 00:18:55,239 Speaker 1: have broken that wild stallion, Yes, exactly. And and by 422 00:18:55,280 --> 00:18:57,080 Speaker 1: the way, for anybody out there who's like man, I 423 00:18:57,119 --> 00:18:58,720 Speaker 1: am in credit card debt and I want to know 424 00:18:58,760 --> 00:19:01,240 Speaker 1: how to take that first step there is You don't 425 00:19:01,280 --> 00:19:03,160 Speaker 1: necessarily need a tool, but if you want a tool 426 00:19:03,480 --> 00:19:05,480 Speaker 1: on debt Dot it is something we've talked about on 427 00:19:05,520 --> 00:19:07,560 Speaker 1: the show before and that's worth taking a look at. 428 00:19:07,680 --> 00:19:09,720 Speaker 1: It's a great way to kind of see how quickly 429 00:19:09,760 --> 00:19:11,200 Speaker 1: you're gonna be able to pay off that debt. It 430 00:19:11,240 --> 00:19:13,520 Speaker 1: kind of helps you get an action plan going. That's right, 431 00:19:13,560 --> 00:19:15,320 Speaker 1: It's gonna help you to map out the best path 432 00:19:15,400 --> 00:19:17,840 Speaker 1: for you for how it is that you think and 433 00:19:17,880 --> 00:19:20,440 Speaker 1: what's gonna get you there the quickest. And Joel, our 434 00:19:20,480 --> 00:19:23,760 Speaker 1: next listener win comes from someone who's got something in 435 00:19:23,840 --> 00:19:28,000 Speaker 1: common with me and Kate. They are a family of six. Hi, 436 00:19:28,119 --> 00:19:30,879 Speaker 1: Matt and Joel. My name is Joe. I'm from Washington State. 437 00:19:31,359 --> 00:19:33,879 Speaker 1: I've been listening to you guys since you released episode 438 00:19:34,040 --> 00:19:38,159 Speaker 1: thirteen quite some time, and our big money when this 439 00:19:38,240 --> 00:19:41,200 Speaker 1: year is that we managed to save a hundred thousand 440 00:19:41,280 --> 00:19:45,480 Speaker 1: dollars making a hundred fifty thousand with our family of six, 441 00:19:46,000 --> 00:19:48,720 Speaker 1: and it wouldn't have been possible without your inspiration over 442 00:19:48,720 --> 00:19:52,080 Speaker 1: the years, Matt. I'm always impressed when people have slogged 443 00:19:52,080 --> 00:19:54,360 Speaker 1: through it and stuck around listening to how the money 444 00:19:54,359 --> 00:19:56,480 Speaker 1: for that long. We have the right amount of talent, 445 00:19:56,800 --> 00:19:58,600 Speaker 1: not too much to where we you know, have like 446 00:19:58,760 --> 00:20:02,520 Speaker 1: this giant ego with the ahead, but but not so 447 00:20:02,640 --> 00:20:04,600 Speaker 1: little that folks have left us. We are definitely not 448 00:20:04,640 --> 00:20:07,600 Speaker 1: the Michael Jordan's podcasting. We're I don't know, maybe the 449 00:20:08,119 --> 00:20:10,600 Speaker 1: Steve Curse of podcasting. Okay, he's a really good coach 450 00:20:10,600 --> 00:20:13,439 Speaker 1: though now. But I actually went back to take a 451 00:20:13,440 --> 00:20:16,360 Speaker 1: look to see what episode thirteen was because I was curious, 452 00:20:16,520 --> 00:20:18,800 Speaker 1: and it was about cutting your monthly bills, and so 453 00:20:19,520 --> 00:20:23,040 Speaker 1: Joe obviously took that to heart a while back, and 454 00:20:23,080 --> 00:20:25,120 Speaker 1: then some maybe he just kept listening to that same 455 00:20:25,160 --> 00:20:27,920 Speaker 1: episode over and over. That's how I got to worry, 456 00:20:28,000 --> 00:20:30,480 Speaker 1: is thinking exactly and and yeah, to get to the 457 00:20:30,480 --> 00:20:33,520 Speaker 1: point where you've cut your monthly bills enough to have 458 00:20:33,560 --> 00:20:38,120 Speaker 1: a savings rate of sixty is incredible. And so yeah, 459 00:20:38,359 --> 00:20:40,240 Speaker 1: if if you're out there listening to this and thinking 460 00:20:40,240 --> 00:20:42,800 Speaker 1: to yourself, I'm pretty sure that's a higher rate than 461 00:20:42,840 --> 00:20:46,720 Speaker 1: what I'm saving, You're probably right because that is a 462 00:20:46,800 --> 00:20:49,560 Speaker 1: hard bar to to hit. That's that's hard to achieve 463 00:20:49,640 --> 00:20:51,840 Speaker 1: to be saving that much of your income. And yeah, 464 00:20:51,880 --> 00:20:54,080 Speaker 1: to put things in perspective, the personal savings rate in 465 00:20:54,119 --> 00:20:56,960 Speaker 1: the US for the past several decades has been in 466 00:20:57,119 --> 00:21:00,159 Speaker 1: the single digits, right at nine percent, And so have 467 00:21:00,160 --> 00:21:02,800 Speaker 1: a savings rate at seven times that, you know, what 468 00:21:02,840 --> 00:21:06,520 Speaker 1: most folks are doing is incredible. And Joe and his family, 469 00:21:06,560 --> 00:21:08,879 Speaker 1: obviously they've made a lot of sacrifices to get to 470 00:21:08,880 --> 00:21:10,919 Speaker 1: this point to make sure that they are saving a 471 00:21:10,960 --> 00:21:13,040 Speaker 1: boatload of what they bring home, and they deserve like 472 00:21:13,160 --> 00:21:15,560 Speaker 1: around of applause, that's for sure. Yeah, seven times. I 473 00:21:15,600 --> 00:21:17,960 Speaker 1: want to highlight that too. This isn't just like seven percent, 474 00:21:18,040 --> 00:21:21,640 Speaker 1: more like this and x. This is yes, like seven times, 475 00:21:21,640 --> 00:21:24,800 Speaker 1: like seve his savings rate is like like literally to 476 00:21:24,840 --> 00:21:27,280 Speaker 1: the moon. Is a Joe that is certainly worthy of 477 00:21:27,320 --> 00:21:29,520 Speaker 1: some praise. You know, so many other folks in the 478 00:21:29,560 --> 00:21:32,520 Speaker 1: fire movement in the fire crowd. Um, they're like these 479 00:21:32,640 --> 00:21:35,080 Speaker 1: single engineers or their dinks, you know where they've got 480 00:21:35,119 --> 00:21:37,679 Speaker 1: the dual income, no kids, and so to have a 481 00:21:37,680 --> 00:21:39,560 Speaker 1: family of six and to be able to save that 482 00:21:39,640 --> 00:21:42,600 Speaker 1: much money is really impressive. Hopefully anyone out there who 483 00:21:42,680 --> 00:21:45,840 Speaker 1: has kids, regardless of how many kids they have, is 484 00:21:45,920 --> 00:21:48,720 Speaker 1: encouraged to know. You know that it is actually possible 485 00:21:48,720 --> 00:21:51,040 Speaker 1: to keep your expenses low with a bunch of kids 486 00:21:51,040 --> 00:21:55,040 Speaker 1: in tow that rhymes like that. I'm curious to know, though, what, Joe, 487 00:21:55,040 --> 00:21:57,960 Speaker 1: what your long term goals are, because it seems like 488 00:21:57,960 --> 00:22:00,560 Speaker 1: whatever you are doing, you're getting after it, and I 489 00:22:00,560 --> 00:22:02,480 Speaker 1: don't think it'll be long before you're going to achieve 490 00:22:02,520 --> 00:22:04,359 Speaker 1: them at this rate. I totally agree, man, I think 491 00:22:04,400 --> 00:22:07,159 Speaker 1: we need to hear more from people who have larger 492 00:22:07,200 --> 00:22:09,200 Speaker 1: families and are still crushing it when it comes to 493 00:22:09,240 --> 00:22:13,919 Speaker 1: their finances. So many of the naysayers online about how 494 00:22:13,960 --> 00:22:15,919 Speaker 1: you're having a high savings right that, they're like, what 495 00:22:16,000 --> 00:22:18,080 Speaker 1: you can do if you have kids, And that's just 496 00:22:18,200 --> 00:22:22,080 Speaker 1: not true. And it's not that it doesn't make things 497 00:22:22,119 --> 00:22:25,639 Speaker 1: harder because kids aren't free. Um, they cost money. They 498 00:22:25,800 --> 00:22:27,440 Speaker 1: take up a lot of your time worth every penny 499 00:22:27,440 --> 00:22:29,199 Speaker 1: but as well exactly. Yeah, So if you're trying all 500 00:22:29,240 --> 00:22:31,760 Speaker 1: that side hustle time that you know, all these single kids, 501 00:22:31,800 --> 00:22:33,199 Speaker 1: they're gonna like want you to read books to them 502 00:22:33,200 --> 00:22:34,960 Speaker 1: and stuff. Yeah, what the heck, dad, he's got a 503 00:22:34,960 --> 00:22:36,280 Speaker 1: side host. So I ain't got time for you, and 504 00:22:36,359 --> 00:22:38,720 Speaker 1: I want to go ride bikes or something, right, right, Well, 505 00:22:38,800 --> 00:22:40,520 Speaker 1: the great thing is you can ride bikes together with 506 00:22:40,520 --> 00:22:42,639 Speaker 1: your kids. But I think what it comes down to, 507 00:22:42,880 --> 00:22:45,640 Speaker 1: and and you know, Joe's Joe's money win says it all. 508 00:22:45,640 --> 00:22:48,199 Speaker 1: It starts to the high savings rate. And the more 509 00:22:48,240 --> 00:22:50,440 Speaker 1: that we can push for that, the more you can 510 00:22:50,480 --> 00:22:52,800 Speaker 1: grow that margin, the bigger the gap is between what 511 00:22:52,840 --> 00:22:55,040 Speaker 1: you're bringing in and what's going out and expenses. The 512 00:22:55,080 --> 00:22:58,280 Speaker 1: more you can sock away for the future, the more 513 00:22:58,320 --> 00:23:02,439 Speaker 1: financial stability you're able to great more quickly. And so yeah, 514 00:23:02,520 --> 00:23:05,960 Speaker 1: Joe's family, they're setting themselves up for success and really 515 00:23:06,119 --> 00:23:08,920 Speaker 1: whatever they want to do in the future, that's right. Okay, 516 00:23:08,960 --> 00:23:10,400 Speaker 1: let's go ahead and hit up some of those real 517 00:23:10,520 --> 00:23:13,400 Speaker 1: estate listener money wins. Uh. This first one comes from 518 00:23:13,440 --> 00:23:17,280 Speaker 1: a couple in Indianapolis. Hey, Matt and Joel. This is 519 00:23:17,320 --> 00:23:22,879 Speaker 1: Olivia and Connor from Indianapolis, and Connor has listened to 520 00:23:22,920 --> 00:23:25,680 Speaker 1: you guys for about three years and I have just 521 00:23:26,520 --> 00:23:30,240 Speaker 1: started probably within the last year. And right from the 522 00:23:30,280 --> 00:23:34,159 Speaker 1: beginning of getting married, Connor had the idea from you 523 00:23:34,200 --> 00:23:38,320 Speaker 1: guys to do a duplex house hack. And we've been 524 00:23:38,359 --> 00:23:41,800 Speaker 1: married for a little over three years now and right 525 00:23:41,920 --> 00:23:47,920 Speaker 1: in January we are about to close on our first home, 526 00:23:48,040 --> 00:23:50,320 Speaker 1: which is a duplex to house hacks. So thank you 527 00:23:50,400 --> 00:23:53,080 Speaker 1: so much for all your help in the last couple 528 00:23:53,119 --> 00:23:56,840 Speaker 1: of years. I always appreciate your guys att tune and 529 00:23:56,920 --> 00:24:00,959 Speaker 1: humor and personal stories about your guys family. Help you 530 00:24:01,000 --> 00:24:04,680 Speaker 1: have a merry Christmas and happy all right? Man? You 531 00:24:04,720 --> 00:24:06,520 Speaker 1: know you know what I always say. I always say, 532 00:24:06,560 --> 00:24:08,919 Speaker 1: tell me the couple that house hacks together stays together. 533 00:24:09,160 --> 00:24:11,480 Speaker 1: Is that marriage advice? I think so, I'm gonna say 534 00:24:11,960 --> 00:24:14,960 Speaker 1: or it'll drive you apart immediately. I'm gonna one of 535 00:24:14,960 --> 00:24:17,200 Speaker 1: the two. It'll either make you stronger or push you apart. 536 00:24:17,480 --> 00:24:19,440 Speaker 1: I'll have to ask my wife, who's studying to become 537 00:24:19,440 --> 00:24:22,040 Speaker 1: a license therapist, if that qualifies as good marriage advice 538 00:24:22,160 --> 00:24:23,880 Speaker 1: or not. She's probably are gonna put that in the book. 539 00:24:23,880 --> 00:24:25,480 Speaker 1: She'd probably smaped me around for saying that was a 540 00:24:25,480 --> 00:24:28,280 Speaker 1: good idea. This is on the test, yes, but yeah, 541 00:24:28,320 --> 00:24:30,879 Speaker 1: closing is right around the corner, Olivia and Connor. This 542 00:24:30,920 --> 00:24:32,760 Speaker 1: is a big deal or super pump for you guys 543 00:24:33,160 --> 00:24:37,360 Speaker 1: and house hacking it creates just such a strong ability 544 00:24:37,640 --> 00:24:41,119 Speaker 1: for people to save a ton on their housing expenses 545 00:24:41,400 --> 00:24:44,520 Speaker 1: or even come out slightly ahead every single month, which 546 00:24:44,600 --> 00:24:48,200 Speaker 1: creates the situation where you can build wealth really really quickly. 547 00:24:48,440 --> 00:24:50,919 Speaker 1: And so yeah, according to the Bureau of Labor Statistics, 548 00:24:51,119 --> 00:24:57,240 Speaker 1: housing costs account for around of the annual expenses last 549 00:24:57,320 --> 00:25:00,160 Speaker 1: year for the average household, over a third of our 550 00:25:00,240 --> 00:25:04,479 Speaker 1: expenses go towards housing. And yeah, the house hacking is 551 00:25:04,520 --> 00:25:06,480 Speaker 1: the way that you can flip that script and turn 552 00:25:06,520 --> 00:25:08,240 Speaker 1: it on its head in a big way. And let's 553 00:25:08,280 --> 00:25:11,320 Speaker 1: just say that you're making sixty dollars annually and now 554 00:25:11,440 --> 00:25:14,520 Speaker 1: your housing expenses are three to five thousand dollars because 555 00:25:14,520 --> 00:25:16,760 Speaker 1: your house hacking and someone else is paying the majority 556 00:25:16,800 --> 00:25:19,199 Speaker 1: of that mortgage. It just changes the ball game and 557 00:25:19,200 --> 00:25:21,560 Speaker 1: it changes your future. That's right. Yeah, we literally just 558 00:25:21,600 --> 00:25:23,960 Speaker 1: had the guy who wrote the book on house hacking 559 00:25:24,000 --> 00:25:26,960 Speaker 1: on the show. His name is Craig Kerlap. So if 560 00:25:27,000 --> 00:25:28,960 Speaker 1: you want to know all about house hacking in the 561 00:25:29,000 --> 00:25:31,480 Speaker 1: different approaches that you can take to it, that is 562 00:25:31,520 --> 00:25:34,920 Speaker 1: worth listening to. That's episode four five. But it really 563 00:25:35,040 --> 00:25:36,600 Speaker 1: is such a great way for a ton of folks 564 00:25:36,800 --> 00:25:39,720 Speaker 1: to kind of cheat, kind of game genie their way 565 00:25:39,920 --> 00:25:43,359 Speaker 1: towards personal finance success. And Jill, you mentioned Olivia how 566 00:25:43,359 --> 00:25:46,280 Speaker 1: they're gonna be closing here pretty soon, uh here in January. 567 00:25:46,840 --> 00:25:49,400 Speaker 1: I mean, basically, the last two years of mortgage interest 568 00:25:49,480 --> 00:25:51,640 Speaker 1: rates have been at all time lows, and I think 569 00:25:51,680 --> 00:25:55,439 Speaker 1: anybody who has purchased a home recently, anybody who is 570 00:25:55,480 --> 00:25:58,040 Speaker 1: looking to purchase at home even come the spring, are 571 00:25:58,080 --> 00:26:00,520 Speaker 1: going to be in a great financial position as rates 572 00:26:00,520 --> 00:26:03,280 Speaker 1: are locked in, and as we expect to see those 573 00:26:03,320 --> 00:26:05,960 Speaker 1: rates climb as we get further into next year with 574 00:26:06,040 --> 00:26:09,040 Speaker 1: the Fed starting to taper rates. That whole thing. Yeah, well, 575 00:26:09,240 --> 00:26:11,640 Speaker 1: I guess the one caveat I completely agree with you 576 00:26:12,000 --> 00:26:14,800 Speaker 1: is timeline. So the interest rate matters less if you're 577 00:26:14,800 --> 00:26:16,520 Speaker 1: gonna own your home for three years and try to 578 00:26:16,560 --> 00:26:18,280 Speaker 1: sell it, because at that point, with all of the 579 00:26:18,320 --> 00:26:21,440 Speaker 1: transaction costs that real estate comes along with, it's probably 580 00:26:21,480 --> 00:26:24,400 Speaker 1: not a goodbye. But if if you're looking to own 581 00:26:24,400 --> 00:26:26,720 Speaker 1: that house long term, these low interest rates are a 582 00:26:26,800 --> 00:26:29,320 Speaker 1: boon to your bottom line, and they make sense and 583 00:26:29,320 --> 00:26:31,399 Speaker 1: make even more sense for folks who are going to 584 00:26:31,440 --> 00:26:34,080 Speaker 1: buy a place and hold it for yeah, decades down 585 00:26:34,080 --> 00:26:36,959 Speaker 1: the road. All right, Matt, another real estate money win 586 00:26:37,000 --> 00:26:38,879 Speaker 1: that we've got to share. Let's get to one more 587 00:26:38,920 --> 00:26:42,400 Speaker 1: before the break. This one comes from it Chelsea in Austin. Hi, 588 00:26:42,520 --> 00:26:45,160 Speaker 1: Matt and Joel. This is Chelsea calling from Austin, Texas. 589 00:26:45,160 --> 00:26:50,080 Speaker 1: With my money win. I bought a house in this market. 590 00:26:50,600 --> 00:26:53,400 Speaker 1: It's so kind of crazy, you're hard to believe. Um. 591 00:26:53,440 --> 00:26:55,040 Speaker 1: I don't think my husband and I could have done 592 00:26:55,040 --> 00:26:57,440 Speaker 1: it without some of the lessons we've learned from your show. 593 00:26:58,520 --> 00:27:02,440 Speaker 1: First off, we really aimed to do this um off 594 00:27:02,640 --> 00:27:07,760 Speaker 1: the peak hot summer bidding moors. You know, we look 595 00:27:07,840 --> 00:27:11,320 Speaker 1: to do this kind of around Halloween because that's kind 596 00:27:11,320 --> 00:27:13,960 Speaker 1: of when things really slow down, whenever people are getting 597 00:27:13,960 --> 00:27:16,400 Speaker 1: ready for the holidays. And I think that really worked 598 00:27:16,400 --> 00:27:20,960 Speaker 1: out in our favor. Second, we really tried to stay 599 00:27:21,000 --> 00:27:24,879 Speaker 1: in our budget. It is a little expensive here, and 600 00:27:25,080 --> 00:27:28,240 Speaker 1: you know, lots lots of houses, but we stuck to 601 00:27:28,320 --> 00:27:30,720 Speaker 1: a number. We're not going over that, and we did 602 00:27:30,800 --> 00:27:34,760 Speaker 1: find the perfect one, and then finally one thing that 603 00:27:34,800 --> 00:27:38,639 Speaker 1: you guys talk a lot about the value of the 604 00:27:38,680 --> 00:27:43,760 Speaker 1: community in your neighborhood. We have some friends that you know, 605 00:27:43,800 --> 00:27:47,320 Speaker 1: all live in this one spot, and we realized that 606 00:27:47,400 --> 00:27:49,399 Speaker 1: community was going to be very important to us to 607 00:27:49,760 --> 00:27:54,159 Speaker 1: being close by to uh, you know, hey, do you 608 00:27:54,240 --> 00:27:57,400 Speaker 1: have any eggs? I'mount or um just be able to 609 00:27:57,520 --> 00:28:00,240 Speaker 1: entertain ourselves without having to go out and spend money. 610 00:28:00,640 --> 00:28:04,080 Speaker 1: You walk down the street and have a game night. 611 00:28:04,320 --> 00:28:06,600 Speaker 1: So I can't tell you how much joy that brought. 612 00:28:07,560 --> 00:28:11,639 Speaker 1: So walk down the block with a craft beer of course, 613 00:28:11,880 --> 00:28:15,840 Speaker 1: and uh celebrate this new life step. So looking forward 614 00:28:15,880 --> 00:28:19,639 Speaker 1: to more money wins and two thanks so much for 615 00:28:19,680 --> 00:28:22,240 Speaker 1: all you do. Does Texas or does Austin have an 616 00:28:22,280 --> 00:28:24,879 Speaker 1: open container laws? I don't know, so it makes it 617 00:28:24,920 --> 00:28:28,719 Speaker 1: even more tracked. There's to move there. There's no law 618 00:28:28,760 --> 00:28:31,000 Speaker 1: against walking in your street with the beer thought there. 619 00:28:31,000 --> 00:28:32,439 Speaker 1: I mean there might be a law, but there's like 620 00:28:32,480 --> 00:28:34,400 Speaker 1: the spirit of the law would be would say that's 621 00:28:34,400 --> 00:28:35,960 Speaker 1: a terrible law. I think there's a lot of folks 622 00:28:35,960 --> 00:28:39,160 Speaker 1: who might call you out when it when it comes 623 00:28:39,160 --> 00:28:41,640 Speaker 1: to actually following me the law as we found. But 624 00:28:41,960 --> 00:28:44,080 Speaker 1: Chelsea specifically, she's been listening to this show I think 625 00:28:44,080 --> 00:28:47,800 Speaker 1: as long as Joe has at least since and Chelsea, 626 00:28:47,880 --> 00:28:50,600 Speaker 1: we appreciate you, uh, and we are pumped to hear that, 627 00:28:50,720 --> 00:28:55,200 Speaker 1: even in this insane housing environment that Austin has especially seen, 628 00:28:55,600 --> 00:28:59,600 Speaker 1: uh it's been hot, yeah, that you were still able 629 00:28:59,640 --> 00:29:01,800 Speaker 1: to buy your first home. And I think that this 630 00:29:01,800 --> 00:29:03,920 Speaker 1: this is a testament to the fact that she and 631 00:29:03,960 --> 00:29:06,080 Speaker 1: her husband that they've been making the right decisions with 632 00:29:06,120 --> 00:29:08,520 Speaker 1: their money for years to get to this point. You know, 633 00:29:08,560 --> 00:29:10,120 Speaker 1: it takes a long time. It takes a ton of 634 00:29:10,160 --> 00:29:12,760 Speaker 1: hard work and discipline in order to save up enough 635 00:29:13,080 --> 00:29:15,800 Speaker 1: for down payment, and had they not started years ago, 636 00:29:15,840 --> 00:29:18,160 Speaker 1: they likely wouldn't have been able to buy. So I 637 00:29:18,240 --> 00:29:21,560 Speaker 1: love that they were prepared from a financial standpoint, but 638 00:29:21,600 --> 00:29:24,320 Speaker 1: not only that. She touched on how they kind of 639 00:29:24,360 --> 00:29:25,920 Speaker 1: came into it with the right mindset, so they were 640 00:29:25,920 --> 00:29:28,920 Speaker 1: prepared mentally. You know. She said that they had a 641 00:29:28,960 --> 00:29:31,040 Speaker 1: budget in mind, they had a price point set that 642 00:29:31,120 --> 00:29:33,880 Speaker 1: they where they knew that they could afford um. And 643 00:29:34,200 --> 00:29:37,080 Speaker 1: with the bidding wars that we saw erupt, they didn't 644 00:29:37,080 --> 00:29:38,960 Speaker 1: get carried away. They didn't act like all those other 645 00:29:39,240 --> 00:29:42,000 Speaker 1: home buyers, uh, those realtors who were trying to make 646 00:29:42,040 --> 00:29:44,920 Speaker 1: sure that they secured the deal by overbidding. Yeah, and 647 00:29:45,160 --> 00:29:46,880 Speaker 1: I might be reading too much into this, but my 648 00:29:46,920 --> 00:29:49,720 Speaker 1: guess is that Chelsea and her husband started saving, maybe 649 00:29:49,760 --> 00:29:51,640 Speaker 1: even before they knew that their goal was home ownership. 650 00:29:51,680 --> 00:29:54,360 Speaker 1: And I think sometimes you just gotta get started because 651 00:29:54,400 --> 00:29:55,840 Speaker 1: you don't know what that goal is going to be, 652 00:29:56,000 --> 00:29:58,000 Speaker 1: and you should. You should be saving for you know, 653 00:29:58,080 --> 00:30:01,800 Speaker 1: awesome future opportunities it maybe you're not even aware of yet. 654 00:30:02,120 --> 00:30:05,080 Speaker 1: And uh, I love to Matt that that they prioritized 655 00:30:05,440 --> 00:30:08,040 Speaker 1: the community where they live. I'm always shocked. I don't know. 656 00:30:08,080 --> 00:30:09,640 Speaker 1: My mom watches a lot of h G t V 657 00:30:09,760 --> 00:30:12,160 Speaker 1: and it's randomly on and I'm at I'm at her house, 658 00:30:12,240 --> 00:30:15,000 Speaker 1: like she she just loves that channel. And you always 659 00:30:15,040 --> 00:30:19,360 Speaker 1: see people just looking across the entire city and I'm like, who, 660 00:30:19,400 --> 00:30:20,880 Speaker 1: how do you not know whether you want to live 661 00:30:20,880 --> 00:30:23,920 Speaker 1: like north, south, east west in town or in the 662 00:30:23,920 --> 00:30:26,720 Speaker 1: burbs or in the excerbs. Like there's so many people 663 00:30:26,720 --> 00:30:30,720 Speaker 1: who just don't feel that attachment and they don't know where, 664 00:30:30,960 --> 00:30:33,000 Speaker 1: which specific community they want to live in. And so 665 00:30:33,040 --> 00:30:34,480 Speaker 1: we would say, if you're going to buy a home, 666 00:30:34,760 --> 00:30:36,440 Speaker 1: make sure it's a place that you can see yourself 667 00:30:36,440 --> 00:30:39,800 Speaker 1: putting roots down and that community is a huge part 668 00:30:40,080 --> 00:30:41,920 Speaker 1: of the reason. And there's a lot of things you 669 00:30:41,960 --> 00:30:45,360 Speaker 1: can endure, like an older house that's got issues, or 670 00:30:45,720 --> 00:30:47,440 Speaker 1: the house that's smaller than you'd like it to be. 671 00:30:47,640 --> 00:30:49,920 Speaker 1: If your community rocks like you can deal with that 672 00:30:50,160 --> 00:30:55,240 Speaker 1: for years longer than you would otherwise be interested in doing. So. Yeah, 673 00:30:55,320 --> 00:30:58,480 Speaker 1: prioritize community when you're buying. I think that's a good 674 00:30:58,520 --> 00:31:00,280 Speaker 1: way to think about things. And one other thing that 675 00:31:00,320 --> 00:31:02,520 Speaker 1: Chelsea mentioned in her email when she's setting her money 676 00:31:02,520 --> 00:31:05,840 Speaker 1: win over to us was that because she was renting 677 00:31:05,920 --> 00:31:09,040 Speaker 1: from a more mom and pop style landlord, she was 678 00:31:09,080 --> 00:31:11,520 Speaker 1: able to help her landlord find a new tenant and 679 00:31:11,560 --> 00:31:14,760 Speaker 1: save over three thousand dollars in rent that she would 680 00:31:14,760 --> 00:31:18,040 Speaker 1: have otherwise lost. That is also awesome. And so having 681 00:31:18,080 --> 00:31:21,120 Speaker 1: a good relationship with your landlord, uh making that transition 682 00:31:21,320 --> 00:31:24,320 Speaker 1: easier for them, plus helping to prevent vacancy that goes 683 00:31:24,400 --> 00:31:27,760 Speaker 1: a long way. That is an incredibly smart way for 684 00:31:27,800 --> 00:31:31,760 Speaker 1: you to exit a relationship with your landlord. But again, Chelsea, 685 00:31:31,800 --> 00:31:33,520 Speaker 1: congrats and we are pumped to hear that you and 686 00:31:33,520 --> 00:31:36,200 Speaker 1: your husband are making some awesome money moves. All right, maw, 687 00:31:36,240 --> 00:31:37,880 Speaker 1: We've got a few more to get to more listeners 688 00:31:37,920 --> 00:31:40,520 Speaker 1: who have done just incredible things with their money making 689 00:31:40,720 --> 00:31:42,880 Speaker 1: progress by leaps and bounds. We'll get to those right 690 00:31:42,920 --> 00:31:54,360 Speaker 1: after this. Alright, we're back. This is our financial Festivus 691 00:31:54,440 --> 00:31:58,000 Speaker 1: episode where we're hearing listener money wins. Let's get to 692 00:31:58,000 --> 00:32:02,080 Speaker 1: our next when that is great resignation related. Let's hear 693 00:32:02,120 --> 00:32:04,760 Speaker 1: from this listener in New York. Hi, my name is 694 00:32:04,840 --> 00:32:08,080 Speaker 1: Kaylee from only in New York, and my win this 695 00:32:08,160 --> 00:32:10,120 Speaker 1: year was I was able to quit my full time 696 00:32:10,200 --> 00:32:13,840 Speaker 1: job and pursue my craft business spell book and vinyl 697 00:32:13,920 --> 00:32:17,640 Speaker 1: full time. Kaylee, that's phenomenal starting your own business. And 698 00:32:17,720 --> 00:32:19,720 Speaker 1: I love that you gave the name to so that 699 00:32:19,800 --> 00:32:22,520 Speaker 1: there's a crap ton of how the money listeners now 700 00:32:22,520 --> 00:32:24,600 Speaker 1: that know what your business is. Well even maybe we 701 00:32:24,600 --> 00:32:26,800 Speaker 1: should link to it in the show. We will totally 702 00:32:26,880 --> 00:32:28,320 Speaker 1: link to it, okay, And I feel like this is 703 00:32:28,440 --> 00:32:31,760 Speaker 1: a total marketing wins. So Kaylee, on your part, way 704 00:32:31,760 --> 00:32:34,240 Speaker 1: to go exactly. Yes. And yeah, Matt, we we talked 705 00:32:34,280 --> 00:32:36,880 Speaker 1: not too long ago on the show about how so 706 00:32:36,920 --> 00:32:39,440 Speaker 1: many folks are starting their own business right now. And yeah, 707 00:32:39,480 --> 00:32:42,800 Speaker 1: the fact that Kaylee made this leap is it's just awesome. 708 00:32:42,800 --> 00:32:45,280 Speaker 1: It's part of this trend that we think is fantastic 709 00:32:45,680 --> 00:32:47,640 Speaker 1: and and people are just quitting their jobs are going 710 00:32:47,680 --> 00:32:49,640 Speaker 1: the solo new route. I think some people like, why 711 00:32:49,680 --> 00:32:51,480 Speaker 1: aren't people returning to work? Well, part of the reason 712 00:32:51,480 --> 00:32:53,360 Speaker 1: people aren't returning to work is because they're starting their 713 00:32:53,360 --> 00:32:55,840 Speaker 1: own thing and they're pursuing something that you're passionate about, 714 00:32:55,840 --> 00:32:58,479 Speaker 1: which we think is great. Yeah, they're they're becoming legit 715 00:32:58,520 --> 00:33:00,960 Speaker 1: business owners. Yes, and and it's obviously is to leave 716 00:33:00,960 --> 00:33:03,120 Speaker 1: a faith to start your own business. We know all 717 00:33:03,160 --> 00:33:07,160 Speaker 1: about that. But we're we're pumped Kyleie that you're turning 718 00:33:07,400 --> 00:33:09,960 Speaker 1: your what what was the side hustle into your main 719 00:33:10,040 --> 00:33:12,440 Speaker 1: gig and so it's just super exciting. It's a huge 720 00:33:12,440 --> 00:33:15,000 Speaker 1: win and we're pumped for you and best of luck 721 00:33:15,120 --> 00:33:17,640 Speaker 1: to yeah your your crafting business. Yeah, we are here 722 00:33:17,680 --> 00:33:20,000 Speaker 1: to cheer you on. Uh and you know, didn we 723 00:33:20,040 --> 00:33:22,120 Speaker 1: also mentioned too that the number of creators on Etsy 724 00:33:22,160 --> 00:33:24,360 Speaker 1: has like more than tripled at that point in time, 725 00:33:25,040 --> 00:33:27,920 Speaker 1: talking a lot more people selling stuff on Yeah. Platforms 726 00:33:27,960 --> 00:33:29,360 Speaker 1: like that though, they just make it so much easier 727 00:33:29,360 --> 00:33:31,560 Speaker 1: for folks, you know, within the craft business to reach 728 00:33:31,600 --> 00:33:33,840 Speaker 1: their audience and make money and we of course, we 729 00:33:33,880 --> 00:33:36,360 Speaker 1: want how the money listeners to be financially prepared to 730 00:33:36,440 --> 00:33:39,440 Speaker 1: have saved well so that they've got that substantial margin 731 00:33:39,720 --> 00:33:42,640 Speaker 1: when they launched their business. But so many people avoid 732 00:33:42,760 --> 00:33:45,960 Speaker 1: actually quitting their day job out of fear like that. 733 00:33:46,000 --> 00:33:48,040 Speaker 1: They are hesitant to make that leap even if they 734 00:33:48,080 --> 00:33:50,240 Speaker 1: have the savings, even when they have that financial backing. 735 00:33:50,560 --> 00:33:52,760 Speaker 1: And if that's your goal, don't let that fear hold 736 00:33:52,800 --> 00:33:54,680 Speaker 1: you back from trying to do what it is that 737 00:33:54,720 --> 00:33:58,000 Speaker 1: you love. The worst case scenario isn't nearly as bad 738 00:33:58,040 --> 00:33:59,960 Speaker 1: as your mind is telling you that it can be. 739 00:34:00,440 --> 00:34:02,120 Speaker 1: It makes me think of this meme I saw recently 740 00:34:02,160 --> 00:34:04,560 Speaker 1: with Pete Davidson on it. It was a picture of 741 00:34:04,600 --> 00:34:07,280 Speaker 1: Pete and Kim and it said that if Pete Davidson 742 00:34:07,320 --> 00:34:09,480 Speaker 1: can ask Kim Kardashian out on a date, you can 743 00:34:09,520 --> 00:34:12,359 Speaker 1: ask your boss for more money. And I would also 744 00:34:12,480 --> 00:34:15,040 Speaker 1: say that, and you also have what it takes to 745 00:34:15,239 --> 00:34:17,839 Speaker 1: step out on out on your own, uh and give 746 00:34:17,880 --> 00:34:19,600 Speaker 1: it a go with whatever it is that you've been 747 00:34:19,640 --> 00:34:21,279 Speaker 1: doing on the side. Although I still think that's a 748 00:34:21,320 --> 00:34:23,279 Speaker 1: marketing stunt. I don't know if that's really love, and 749 00:34:23,360 --> 00:34:26,200 Speaker 1: I'm proved wrong. I'll be okay with that, but I 750 00:34:26,239 --> 00:34:28,160 Speaker 1: don't know. I think it's a funny guy, but there's 751 00:34:28,200 --> 00:34:29,839 Speaker 1: got to be something else or something else going on. 752 00:34:30,320 --> 00:34:33,080 Speaker 1: But yeah, no, I completely agree, and we're pump for Kaylie. 753 00:34:33,080 --> 00:34:35,000 Speaker 1: We want to see more people pursue this route because 754 00:34:35,000 --> 00:34:37,360 Speaker 1: you're right, the downside is is so minimal. We had 755 00:34:37,400 --> 00:34:40,160 Speaker 1: a friend Matt, who left his job. He was like 756 00:34:40,520 --> 00:34:43,120 Speaker 1: CFO of a company doing super well, went to start 757 00:34:43,160 --> 00:34:45,440 Speaker 1: his own thing on the side, and it turns out 758 00:34:45,480 --> 00:34:47,759 Speaker 1: like it was fun, but it didn't really jell with 759 00:34:47,840 --> 00:34:49,080 Speaker 1: kind of the way he wanted to live life. He 760 00:34:49,120 --> 00:34:50,880 Speaker 1: wanted to go back in the corporate world. He got 761 00:34:50,920 --> 00:34:53,759 Speaker 1: another job, he's doing great, Like I don't think you 762 00:34:53,840 --> 00:34:56,399 Speaker 1: have to. He's back to crushing it exactly. I don't. 763 00:34:56,400 --> 00:34:58,439 Speaker 1: I don't think you have to. It's not all or nothing. 764 00:34:58,480 --> 00:35:00,400 Speaker 1: You can always go back into the work. For us 765 00:35:00,480 --> 00:35:02,480 Speaker 1: if it doesn't work out, or if you realize, you 766 00:35:02,480 --> 00:35:03,719 Speaker 1: know what, crafting is fun on the side, But I 767 00:35:03,760 --> 00:35:05,440 Speaker 1: don't want to do it full time. I don't. I 768 00:35:05,440 --> 00:35:06,680 Speaker 1: want it to be a hobby. I don't want it 769 00:35:06,719 --> 00:35:09,560 Speaker 1: to be my actual job. Exact same thing for us, 770 00:35:09,600 --> 00:35:11,360 Speaker 1: it's like if we're like, you know, what podcasting is 771 00:35:11,400 --> 00:35:13,160 Speaker 1: fun on the side, but it's not that's something we 772 00:35:13,200 --> 00:35:16,120 Speaker 1: want to pursue a full time although we do. We 773 00:35:16,160 --> 00:35:18,239 Speaker 1: love it, but if we ever felt like that, it's 774 00:35:18,280 --> 00:35:20,799 Speaker 1: it's not like we're unemployable, right, um, And there are 775 00:35:20,800 --> 00:35:22,520 Speaker 1: a lot of skills I feel that we've learned over 776 00:35:22,520 --> 00:35:23,920 Speaker 1: the past few years, right And I feel like your 777 00:35:24,200 --> 00:35:26,319 Speaker 1: your brain tells you something though, and it's like no, 778 00:35:26,320 --> 00:35:28,120 Speaker 1: no, no no, if you quit, like how are you ever 779 00:35:28,120 --> 00:35:29,680 Speaker 1: going to get your job screwed for the rest of 780 00:35:29,680 --> 00:35:32,240 Speaker 1: your life? It's just not true. And I'm glad Kaylee 781 00:35:32,239 --> 00:35:34,920 Speaker 1: knows that she took the leap, and I hope it's 782 00:35:34,960 --> 00:35:37,239 Speaker 1: just like she blows it out of the water. All right, Matt, 783 00:35:37,320 --> 00:35:39,480 Speaker 1: Let's get to the next one and we have another 784 00:35:39,719 --> 00:35:43,000 Speaker 1: money when that's house hacking related. Hi guys, my name 785 00:35:43,040 --> 00:35:45,399 Speaker 1: is Garre Connley. I'm twenty seven years old and I'm 786 00:35:45,400 --> 00:35:47,920 Speaker 1: from Clinton, Massachusetts. I just wanted to share this one 787 00:35:47,960 --> 00:35:49,839 Speaker 1: with you guys, because I owe a lot of it 788 00:35:49,880 --> 00:35:52,200 Speaker 1: to the both of you. Three years ago, I knew 789 00:35:52,239 --> 00:35:55,399 Speaker 1: basically nothing about personal finance. Fast forward to this year, 790 00:35:55,440 --> 00:35:57,200 Speaker 1: and I've really put myself into what I think is 791 00:35:57,239 --> 00:36:01,160 Speaker 1: as a pretty solid track towards financially depend It's specifically, 792 00:36:01,200 --> 00:36:02,960 Speaker 1: just a few months ago I closed to my very 793 00:36:03,000 --> 00:36:05,880 Speaker 1: first rental property and I'm currently rehabbing it as a 794 00:36:05,920 --> 00:36:09,080 Speaker 1: house hack. I still remember hearing the term house hacking 795 00:36:09,120 --> 00:36:11,719 Speaker 1: for the first time on this podcast. That really sent 796 00:36:11,840 --> 00:36:13,560 Speaker 1: me down this path, and it's it's crazy to think 797 00:36:13,600 --> 00:36:15,960 Speaker 1: of how much I've learned since then while listening. So 798 00:36:16,040 --> 00:36:18,640 Speaker 1: thank you guys, and keep doing what you're doing. Garrett, 799 00:36:18,640 --> 00:36:21,279 Speaker 1: thanks so much for sharing your win with us. Dude, 800 00:36:21,280 --> 00:36:24,920 Speaker 1: starting young like this is so stinking helpful. Garrett, He's 801 00:36:24,920 --> 00:36:27,520 Speaker 1: twenty seven, and not only did he close on that home, 802 00:36:27,600 --> 00:36:29,640 Speaker 1: but he's rehabbing it as well. He's putting in that 803 00:36:29,680 --> 00:36:33,839 Speaker 1: elbow grease. That's what we'd like to call forced appreciation. Uh, 804 00:36:33,880 --> 00:36:36,279 Speaker 1: So that home is going to quickly be worth more 805 00:36:36,320 --> 00:36:38,480 Speaker 1: than what he paid for it, but it is also 806 00:36:38,520 --> 00:36:40,879 Speaker 1: going to improve the rent that he gets from those 807 00:36:40,960 --> 00:36:44,000 Speaker 1: units every single month. House hacking in your mid twenties 808 00:36:44,080 --> 00:36:46,080 Speaker 1: is such a game changer. And unlike the house hacker, 809 00:36:46,080 --> 00:36:50,120 Speaker 1: were talked about how much we like house it's huge, 810 00:36:50,560 --> 00:36:52,759 Speaker 1: how much we think it's a great idea. And I 811 00:36:52,800 --> 00:36:55,000 Speaker 1: mean the fact that he discovered house hacking here on 812 00:36:55,040 --> 00:36:57,319 Speaker 1: our show makes me incredibly happy as well that took 813 00:36:57,400 --> 00:36:59,279 Speaker 1: him down this path and now he is doing it. 814 00:36:59,400 --> 00:37:01,560 Speaker 1: He's done it, and uh and unlike the one that 815 00:37:01,560 --> 00:37:03,560 Speaker 1: we talked about a hou sack earlier here in the episode. 816 00:37:03,760 --> 00:37:05,879 Speaker 1: But it doesn't sound like this is what he's living in. 817 00:37:06,040 --> 00:37:07,919 Speaker 1: And I wanted to highlight that because it just goes 818 00:37:07,960 --> 00:37:10,320 Speaker 1: to show how there are so many different flavors. This 819 00:37:10,360 --> 00:37:12,480 Speaker 1: sounds like a separate rental that he's not planning to 820 00:37:12,480 --> 00:37:14,719 Speaker 1: live in. But maybe he is planning to rent out 821 00:37:14,760 --> 00:37:17,960 Speaker 1: the rooms individually depending on the area. That is exactly 822 00:37:18,000 --> 00:37:20,839 Speaker 1: what is needed in some areas, especially around schools. Maybe 823 00:37:20,880 --> 00:37:22,480 Speaker 1: it's an older home that he's planning to chop up 824 00:37:22,480 --> 00:37:24,880 Speaker 1: a little bit, uh, partition it in a way that 825 00:37:24,960 --> 00:37:27,080 Speaker 1: it can be listed as a duplex, you know, in 826 00:37:27,120 --> 00:37:29,319 Speaker 1: this old home. There's a lot of charm that comes 827 00:37:29,360 --> 00:37:31,279 Speaker 1: with old homes like that. So either way, I think 828 00:37:31,320 --> 00:37:33,399 Speaker 1: it's really cool because there's a lot that you can 829 00:37:33,400 --> 00:37:35,440 Speaker 1: do with single family homes yea. And there's just so 830 00:37:35,520 --> 00:37:37,320 Speaker 1: much you can do with the house hacking strategy. It 831 00:37:37,440 --> 00:37:41,000 Speaker 1: really like, I mean, I just I don't know that 832 00:37:41,040 --> 00:37:46,040 Speaker 1: there's any better way to start um when you're like, 833 00:37:46,040 --> 00:37:47,600 Speaker 1: I mean you touched on it earlier. When you have 834 00:37:47,680 --> 00:37:50,640 Speaker 1: one third of your monthly expenses going towards an expense, 835 00:37:51,120 --> 00:37:53,239 Speaker 1: if you can find a way to reduce that by 836 00:37:53,280 --> 00:37:54,880 Speaker 1: a significant amount, if you can find a way to 837 00:37:55,000 --> 00:37:57,520 Speaker 1: bring that to zero or even make a little bit 838 00:37:57,640 --> 00:37:59,960 Speaker 1: every single month, you are going to come out dress 839 00:38:00,000 --> 00:38:01,960 Speaker 1: sickly ahead in the very short amout in one house hack. 840 00:38:02,040 --> 00:38:04,680 Speaker 1: Then it's like boom, Now I can like put so 841 00:38:04,800 --> 00:38:07,239 Speaker 1: much money towards my retirement accounts because I'm paying so 842 00:38:07,360 --> 00:38:10,759 Speaker 1: little for housing costs that next real estate exactly. And 843 00:38:10,880 --> 00:38:13,040 Speaker 1: I will say to another thing that that it made 844 00:38:13,040 --> 00:38:15,360 Speaker 1: me think when we heard Garrett's money win, was that 845 00:38:15,400 --> 00:38:19,200 Speaker 1: he's just soaking in information and none of us know everything, 846 00:38:19,400 --> 00:38:21,200 Speaker 1: but learning from folks who are a little bit ahead 847 00:38:21,200 --> 00:38:22,920 Speaker 1: of us on the road, it allows us to learn 848 00:38:23,000 --> 00:38:26,320 Speaker 1: from their mistakes and hopefully their wisdom too, and allows 849 00:38:26,400 --> 00:38:29,360 Speaker 1: us to hopefully make fewer or smaller mistakes when we 850 00:38:29,400 --> 00:38:32,040 Speaker 1: do mess up. And so great job, Garrett. It sounds 851 00:38:32,040 --> 00:38:34,640 Speaker 1: like not only are you taking action, but you're learning 852 00:38:34,680 --> 00:38:37,239 Speaker 1: from people who know what they're talking about, and you're 853 00:38:37,280 --> 00:38:40,000 Speaker 1: you're diving deep so that you can figure it out, 854 00:38:40,160 --> 00:38:42,200 Speaker 1: and sometimes you only learn by doing, but so much 855 00:38:42,239 --> 00:38:44,160 Speaker 1: of the time you learn from other people who know 856 00:38:44,200 --> 00:38:46,560 Speaker 1: what they're talking about by just being willing to open 857 00:38:46,560 --> 00:38:49,000 Speaker 1: your ears. All right, let's get to our next listener 858 00:38:49,080 --> 00:38:52,080 Speaker 1: money win. This one comes from listener Josh on California 859 00:38:52,120 --> 00:38:55,160 Speaker 1: and he made an epic real estate move. Let's hear it, Hey, 860 00:38:55,239 --> 00:38:59,080 Speaker 1: Joel and Matt, this is Josh from Thousand Oaks, California. 861 00:38:59,200 --> 00:39:02,080 Speaker 1: Thanks for taking the time to listen to my big 862 00:39:02,120 --> 00:39:07,160 Speaker 1: money when So, my big money win was my wife 863 00:39:07,160 --> 00:39:09,600 Speaker 1: and I being able to purchase a second home which 864 00:39:09,640 --> 00:39:14,000 Speaker 1: we are using as an airbnb. We were able to 865 00:39:14,080 --> 00:39:18,000 Speaker 1: take care of um knocking that out off of our 866 00:39:18,440 --> 00:39:21,840 Speaker 1: personal development plan this year to continue to build wealth 867 00:39:21,960 --> 00:39:26,000 Speaker 1: in some different tangible areas. It's been really successful so far. 868 00:39:26,080 --> 00:39:28,520 Speaker 1: We've had it listed for about two months and we've 869 00:39:28,600 --> 00:39:33,160 Speaker 1: made enough money to cover the mortgage for the entire 870 00:39:33,239 --> 00:39:35,799 Speaker 1: year so far, which is great. We also have the 871 00:39:35,800 --> 00:39:40,160 Speaker 1: opportunity to have a consultation phone call with one of 872 00:39:40,160 --> 00:39:45,439 Speaker 1: your previous guests, UM, Ziona McIntyre, and we're just really 873 00:39:45,480 --> 00:39:47,560 Speaker 1: excited about that opportunity. So it was a big money 874 00:39:47,600 --> 00:39:50,080 Speaker 1: win for us in one Thanks for all you guys. 875 00:39:50,080 --> 00:39:52,680 Speaker 1: Do appreciate all the help and advice. Man, I'm not 876 00:39:52,680 --> 00:39:55,440 Speaker 1: gonna lie. He said our big money win was to 877 00:39:55,440 --> 00:39:57,440 Speaker 1: buy a second home, and I was like no, no, 878 00:39:57,440 --> 00:39:59,720 Speaker 1: no no, And then he was like an out on Airbnb, 879 00:39:59,800 --> 00:40:03,120 Speaker 1: and I was Hawaii, it's gonna be expensive, man, just 880 00:40:03,160 --> 00:40:04,440 Speaker 1: buying that second home. I don't know if that's a 881 00:40:04,480 --> 00:40:06,200 Speaker 1: money win or money lost. I guess it depends on 882 00:40:06,400 --> 00:40:08,319 Speaker 1: how well you've been doing with your finances over a 883 00:40:08,320 --> 00:40:11,040 Speaker 1: long period of time. But he's house accing it with Airbnb. Yeah, 884 00:40:11,080 --> 00:40:13,160 Speaker 1: of course, you know we and I love that. And 885 00:40:13,200 --> 00:40:15,160 Speaker 1: I think one of the things I like about what 886 00:40:15,239 --> 00:40:17,839 Speaker 1: Josh said there he said they're knocking it off their 887 00:40:17,880 --> 00:40:21,239 Speaker 1: personal development plan. And I think this is awesome because 888 00:40:21,239 --> 00:40:23,120 Speaker 1: it sounds like Josh and his wife they're not just 889 00:40:23,520 --> 00:40:25,200 Speaker 1: winging it. They're not like, you want to buy an 890 00:40:25,200 --> 00:40:27,520 Speaker 1: Airbnb this year. They've written down these goals. They're working 891 00:40:27,520 --> 00:40:30,879 Speaker 1: towards them, and they feel more tangible when they've you've 892 00:40:30,880 --> 00:40:33,440 Speaker 1: put pen to paper instead of just daydreaming like how 893 00:40:33,440 --> 00:40:35,719 Speaker 1: cool would it be to own an Airbnb? It's like, no, 894 00:40:35,880 --> 00:40:37,760 Speaker 1: I'm not just thinking about that. It's on my personal 895 00:40:37,800 --> 00:40:40,200 Speaker 1: development's when it happened this year. Yeah. And so if 896 00:40:40,200 --> 00:40:41,840 Speaker 1: you've got you know, a money when you want to 897 00:40:41,880 --> 00:40:43,920 Speaker 1: achieve in the coming year, we would say, do that. 898 00:40:44,000 --> 00:40:47,319 Speaker 1: Put pen to paper. Uh, turn that daydream into something 899 00:40:47,360 --> 00:40:49,800 Speaker 1: that you write down, and there is something that happens 900 00:40:50,280 --> 00:40:53,440 Speaker 1: that makes it more tangible, more real. It makes it 901 00:40:53,480 --> 00:40:55,399 Speaker 1: feel more like a goal that you're actually working towards 902 00:40:55,520 --> 00:40:57,160 Speaker 1: as opposed to something that's just in the back of 903 00:40:57,160 --> 00:40:58,799 Speaker 1: your brain. And for him to be able to cover 904 00:40:58,840 --> 00:41:01,040 Speaker 1: his mortgage, uh, and us the first couple of months 905 00:41:01,160 --> 00:41:03,560 Speaker 1: listed while while it was listening on Airbnb is huge 906 00:41:03,800 --> 00:41:05,719 Speaker 1: because you know, it takes a while to build the 907 00:41:05,719 --> 00:41:08,640 Speaker 1: business up in order to generate real income. You gotta 908 00:41:08,680 --> 00:41:11,680 Speaker 1: get the history, you gotta get the reviews, because now 909 00:41:11,760 --> 00:41:15,480 Speaker 1: essentially you've entered the hospitality industry. But it sounds like 910 00:41:15,560 --> 00:41:18,640 Speaker 1: it's already a great investments if you're covering those hard 911 00:41:18,640 --> 00:41:21,239 Speaker 1: costs from the very beginning like that, Josh. Yeah, And 912 00:41:21,320 --> 00:41:24,880 Speaker 1: Josh is also talking to other smart people. We just 913 00:41:24,920 --> 00:41:27,600 Speaker 1: talked about this with Garrett. Getting good advice from other 914 00:41:27,600 --> 00:41:29,520 Speaker 1: people can save a lot of heartache, and that's that's 915 00:41:29,560 --> 00:41:32,040 Speaker 1: what he's doing. Reaching out to Ziana, who we had 916 00:41:32,120 --> 00:41:34,279 Speaker 1: on the podcast a while back. Josh, I'm glad you 917 00:41:34,320 --> 00:41:37,080 Speaker 1: chatted with her, because one hour of someone's time, even 918 00:41:37,120 --> 00:41:40,960 Speaker 1: paying for that time, can lead to saving dozens of 919 00:41:41,000 --> 00:41:43,759 Speaker 1: hours of your own time floundering trying to figure out 920 00:41:43,800 --> 00:41:45,560 Speaker 1: things on your own, trying to get the right systems 921 00:41:45,560 --> 00:41:48,520 Speaker 1: in place, researching the right websites to to go to 922 00:41:48,520 --> 00:41:51,400 Speaker 1: to you know, list your property or whatever. And so 923 00:41:51,440 --> 00:41:53,080 Speaker 1: I think that's a big win too. I think it's 924 00:41:53,480 --> 00:41:56,320 Speaker 1: a worthwhile spend while you're trying to get your airbnb 925 00:41:56,440 --> 00:41:59,200 Speaker 1: business off the ground, and so best of luck continuing 926 00:41:59,360 --> 00:42:01,960 Speaker 1: this air and be venture and hopefully you do more 927 00:42:02,000 --> 00:42:04,200 Speaker 1: than cover your mortgage really really soon you're actually like 928 00:42:04,400 --> 00:42:07,680 Speaker 1: getting some profit on the top end. That's right. Congrats, Josh, Joe. 929 00:42:07,760 --> 00:42:09,399 Speaker 1: Let's go ahead and get to our last listener win 930 00:42:09,480 --> 00:42:12,840 Speaker 1: that we have time forward during this episode today, and 931 00:42:13,000 --> 00:42:16,839 Speaker 1: this one is from a fairly local listener. Hey, how 932 00:42:16,880 --> 00:42:18,960 Speaker 1: the Money. This is Nathan from just up the road 933 00:42:19,040 --> 00:42:22,360 Speaker 1: in Athens, Georgia, and I discovered you guys in March 934 00:42:22,520 --> 00:42:25,160 Speaker 1: of this year and then proceeded to listen to every 935 00:42:25,200 --> 00:42:28,600 Speaker 1: single episode in your archive at this point, and um, 936 00:42:28,600 --> 00:42:31,040 Speaker 1: I just wanted to share that your work has impacted 937 00:42:31,040 --> 00:42:34,320 Speaker 1: my financial journey in many ways, too many to mention 938 00:42:34,320 --> 00:42:37,000 Speaker 1: in a short voice note, but I'll summarize it by 939 00:42:37,080 --> 00:42:40,479 Speaker 1: sharing that I am ending the year um entering into 940 00:42:40,520 --> 00:42:43,760 Speaker 1: money gear seven, having just opened a brokerage account for 941 00:42:44,160 --> 00:42:48,360 Speaker 1: some investments above and beyond our various retirement vehicles like iras. 942 00:42:48,880 --> 00:42:50,840 Speaker 1: And this is something I would have never had had 943 00:42:50,960 --> 00:42:54,360 Speaker 1: any idea where to begin on if not for the podcast. 944 00:42:54,719 --> 00:42:57,400 Speaker 1: I had previously outsourced all of my investing to a 945 00:42:57,440 --> 00:43:01,680 Speaker 1: financial advisor, but last month, on with the knowledge acquired 946 00:43:01,719 --> 00:43:04,120 Speaker 1: from How the Money, I opened my own brokerage account 947 00:43:04,120 --> 00:43:06,840 Speaker 1: with Vanguard and purchase about a month's worth of my 948 00:43:06,880 --> 00:43:10,760 Speaker 1: annual income UH and shares of VT sacks and VOO. 949 00:43:10,960 --> 00:43:15,120 Speaker 1: So thank you for that new knowledge and kind of 950 00:43:15,160 --> 00:43:17,560 Speaker 1: know how. And I just really appreciate the simplicity and 951 00:43:17,600 --> 00:43:20,359 Speaker 1: sadness of this and many other things that you guys 952 00:43:20,360 --> 00:43:22,600 Speaker 1: have shared on the podcast. It's been super helpful for 953 00:43:22,600 --> 00:43:23,759 Speaker 1: me this year, and I know it will be in 954 00:43:23,760 --> 00:43:25,960 Speaker 1: the future. So thanks very much, guys, and I look 955 00:43:26,000 --> 00:43:30,319 Speaker 1: forward to hopefully enjoying a beer together sometime in matt 956 00:43:30,320 --> 00:43:32,520 Speaker 1: I don't even know how Nathan was able to listen 957 00:43:32,560 --> 00:43:36,040 Speaker 1: to four and something episodes in ten months. That sounds 958 00:43:36,120 --> 00:43:39,200 Speaker 1: like dedication. Okay, so Nathan is actually a v I P, 959 00:43:39,680 --> 00:43:42,680 Speaker 1: M v P listener to our podcast because I saw 960 00:43:43,040 --> 00:43:45,799 Speaker 1: we we we we both saw his Spotify like you're 961 00:43:45,840 --> 00:43:49,239 Speaker 1: in wrap up, and he listened over sixteen thousand hours 962 00:43:49,560 --> 00:43:52,520 Speaker 1: of our show. And at the time, someone call that torture, 963 00:43:53,520 --> 00:43:55,560 Speaker 1: like I did the Math and just over the course 964 00:43:55,600 --> 00:43:57,399 Speaker 1: of a year. I think when I did the Math, 965 00:43:57,400 --> 00:43:59,360 Speaker 1: that was over forty five minutes of listening to the 966 00:43:59,360 --> 00:44:01,680 Speaker 1: podcast every single day. But then he said that he 967 00:44:02,120 --> 00:44:04,399 Speaker 1: discovered us back in the spring, so he didn't even 968 00:44:04,400 --> 00:44:06,880 Speaker 1: find us back in you know, in January one. That 969 00:44:06,920 --> 00:44:09,520 Speaker 1: means like you closer to probably like over an hour 970 00:44:09,840 --> 00:44:13,360 Speaker 1: every day listening to you kind of babylon about. I 971 00:44:13,400 --> 00:44:16,160 Speaker 1: do babble from time to time. I'll admit it, and yeah, 972 00:44:16,239 --> 00:44:17,880 Speaker 1: and I'm not gonna lie it sounds a little exhausting, 973 00:44:17,880 --> 00:44:19,680 Speaker 1: but Nathan, I'm glad you pushed through. Thank you so 974 00:44:19,760 --> 00:44:23,120 Speaker 1: much for listening. And uh, when when we're talking about 975 00:44:23,120 --> 00:44:25,520 Speaker 1: your money, when I would say, we love that you're 976 00:44:25,520 --> 00:44:29,040 Speaker 1: investing for medium term stuff and not just for retirement. 977 00:44:29,120 --> 00:44:31,040 Speaker 1: That's the great thing. Once you kind of start to 978 00:44:31,320 --> 00:44:34,200 Speaker 1: do well saving your retirement accounts over a period of time, 979 00:44:34,360 --> 00:44:36,480 Speaker 1: start investing more in a brokerage accounts so that you 980 00:44:36,480 --> 00:44:40,319 Speaker 1: can fund some of those bigger things, bigger goals that 981 00:44:40,360 --> 00:44:42,560 Speaker 1: you're that you're trying to save four that are years 982 00:44:42,560 --> 00:44:44,160 Speaker 1: down the road. And I would I would even say 983 00:44:44,280 --> 00:44:47,520 Speaker 1: not even just bigger, but like more fun, because retirement 984 00:44:47,560 --> 00:44:50,160 Speaker 1: isn't necessarily fun, right, like, well, hopefully it's gonna be fun. Well, 985 00:44:50,160 --> 00:44:52,320 Speaker 1: it'll be fun, but it's like for a lot of people, 986 00:44:52,400 --> 00:44:54,399 Speaker 1: it's not exciting to think about saving. The third time 987 00:44:54,520 --> 00:44:56,799 Speaker 1: achangible thing is it's kind of like this period of 988 00:44:56,840 --> 00:45:00,759 Speaker 1: time that most people associate with not working, which a 989 00:45:00,840 --> 00:45:03,399 Speaker 1: lot of us really love work. We enjoy what we do. 990 00:45:03,600 --> 00:45:06,200 Speaker 1: And so yeah, money year seven to be able to 991 00:45:06,200 --> 00:45:09,600 Speaker 1: start saving towards like whether it's a certain maybe it 992 00:45:09,680 --> 00:45:11,759 Speaker 1: is a second home, or maybe this it's some sort 993 00:45:11,760 --> 00:45:15,479 Speaker 1: of amazing vacation. Those are some of the really rad 994 00:45:15,520 --> 00:45:17,920 Speaker 1: goals that I think that can really get folks excited 995 00:45:17,920 --> 00:45:21,040 Speaker 1: about saving more money. Yeah, and and Nathan is putting 996 00:45:21,040 --> 00:45:25,040 Speaker 1: his money straight into those index funds, which and he's 997 00:45:25,080 --> 00:45:27,040 Speaker 1: got both of his basis covered because he's got VT 998 00:45:27,120 --> 00:45:29,239 Speaker 1: sacks with you and he's got voo with me a 999 00:45:29,280 --> 00:45:30,759 Speaker 1: little bit of both, And so we would say, like 1000 00:45:30,840 --> 00:45:34,439 Speaker 1: advisors make sense for some folks, but not for most folks. One, 1001 00:45:34,880 --> 00:45:37,319 Speaker 1: most advisors just don't care about you. If you don't 1002 00:45:37,320 --> 00:45:40,520 Speaker 1: have a net worth that's bumping. And so we we 1003 00:45:40,560 --> 00:45:43,920 Speaker 1: love that you're feeling comfortable enough, Nathan, to go about 1004 00:45:43,960 --> 00:45:46,480 Speaker 1: investing alone. I think maybe when you get to some 1005 00:45:46,520 --> 00:45:49,320 Speaker 1: bigger decisions, you might want the help or the input 1006 00:45:49,440 --> 00:45:52,440 Speaker 1: of a hired hand who has a lot of history 1007 00:45:52,480 --> 00:45:54,960 Speaker 1: working with clients to help them achieve their goals. But 1008 00:45:55,080 --> 00:45:56,840 Speaker 1: for so many of our listeners go the d I 1009 00:45:57,000 --> 00:46:00,200 Speaker 1: Y route, going it alone and just continuing this stock 1010 00:46:00,239 --> 00:46:02,440 Speaker 1: money away for the future in those index funds is 1011 00:46:02,480 --> 00:46:05,719 Speaker 1: the way to go. That's right, Yeah, especially for retirement investing. 1012 00:46:06,120 --> 00:46:08,080 Speaker 1: It's a lot simpler than people think. There's low cost, 1013 00:46:08,120 --> 00:46:11,680 Speaker 1: widely diversified index funds in those tax advantaged accounts. That's 1014 00:46:11,680 --> 00:46:13,960 Speaker 1: the way to go. And Nathan, you know, we would 1015 00:46:13,960 --> 00:46:16,319 Speaker 1: like to make more listener hangs happen, uh in this 1016 00:46:16,400 --> 00:46:18,799 Speaker 1: coming year. We had one in Atlanta this year. We 1017 00:46:18,840 --> 00:46:21,919 Speaker 1: had one in Austin a little earlier this year as well. 1018 00:46:22,080 --> 00:46:24,360 Speaker 1: I think Athens. It's definitely on our short list. Hopefully 1019 00:46:24,400 --> 00:46:26,840 Speaker 1: we can make something happen there soon. Those were definitely 1020 00:46:26,880 --> 00:46:30,000 Speaker 1: a blast. And what's really fun too is the ability 1021 00:46:30,080 --> 00:46:32,960 Speaker 1: to meet up with listeners because you're immediately talking about 1022 00:46:33,000 --> 00:46:35,840 Speaker 1: all the same stuff. We're cut from the same cloth. 1023 00:46:35,840 --> 00:46:38,840 Speaker 1: Were frugal and oftentimes since we do meet at breweries, 1024 00:46:39,000 --> 00:46:41,759 Speaker 1: we've also got that instantly Bonda I swear, and most 1025 00:46:41,760 --> 00:46:44,680 Speaker 1: of those listener hangouts, I talked about money with almost nobody. 1026 00:46:44,719 --> 00:46:47,240 Speaker 1: We talked about so many other things, like the people 1027 00:46:47,440 --> 00:46:49,080 Speaker 1: that listen to the show, they're just cool or at 1028 00:46:49,120 --> 00:46:51,400 Speaker 1: least I want to come to the hangout, and it was. 1029 00:46:51,520 --> 00:46:52,920 Speaker 1: It was a blast. I definitely want to make more 1030 00:46:52,960 --> 00:46:55,359 Speaker 1: of those happening next year totally. Hopefully we'll be able 1031 00:46:55,400 --> 00:46:57,319 Speaker 1: to meet more how the money listeners and doing cool 1032 00:46:57,360 --> 00:46:59,600 Speaker 1: stuff with their money in the near future. All right, 1033 00:46:59,600 --> 00:47:01,640 Speaker 1: Matt and and I agree, And and this is just 1034 00:47:01,719 --> 00:47:03,640 Speaker 1: I think a great way to finish the year. It's 1035 00:47:03,640 --> 00:47:05,800 Speaker 1: fun for us. Hopefully this was fun for you, And 1036 00:47:05,840 --> 00:47:07,120 Speaker 1: we would say to all of you out there, be 1037 00:47:07,160 --> 00:47:09,640 Speaker 1: sure to take a minute to celebrate any of your 1038 00:47:09,680 --> 00:47:12,520 Speaker 1: financial wins, even if they seem small, even if they 1039 00:47:12,560 --> 00:47:15,920 Speaker 1: seem insignificant. But it was an important step getting you 1040 00:47:15,960 --> 00:47:18,600 Speaker 1: on the right path. Take a minute to celebrate before 1041 00:47:18,719 --> 00:47:21,680 Speaker 1: you start making those New Year's resolutions, because because it's 1042 00:47:21,680 --> 00:47:24,920 Speaker 1: informative and it's motivational to see those victories as you 1043 00:47:24,920 --> 00:47:27,200 Speaker 1: start planning for the upcoming year and how you want 1044 00:47:27,200 --> 00:47:29,920 Speaker 1: to continue to build on the money wins that you've 1045 00:47:29,920 --> 00:47:33,080 Speaker 1: been able to rack up so far. And I think, yeah, 1046 00:47:33,120 --> 00:47:34,759 Speaker 1: one other piece of advice here to wrap up this 1047 00:47:34,800 --> 00:47:38,160 Speaker 1: episode is if you want to see more money wins, 1048 00:47:38,160 --> 00:47:40,080 Speaker 1: you want to get more money encouragements. You feel like 1049 00:47:40,120 --> 00:47:42,680 Speaker 1: maybe you're an island and there aren't many people in 1050 00:47:42,680 --> 00:47:45,239 Speaker 1: your life that you have been able to strike up 1051 00:47:45,239 --> 00:47:48,239 Speaker 1: and have conversations about money with yet so far, then 1052 00:47:48,400 --> 00:47:50,759 Speaker 1: we would say join the how the Money Facebook group. 1053 00:47:50,920 --> 00:47:54,279 Speaker 1: It is an awesome place where people are encouraging, They 1054 00:47:54,280 --> 00:47:57,600 Speaker 1: ask good questions, they offer advice, and they're sharing their 1055 00:47:57,640 --> 00:48:00,680 Speaker 1: own personal wins throughout the year. It's just encouraging to 1056 00:48:00,680 --> 00:48:02,479 Speaker 1: see kind of what other people are doing, how they're 1057 00:48:02,480 --> 00:48:05,360 Speaker 1: doing it, and you you can take lessons every day 1058 00:48:05,400 --> 00:48:07,640 Speaker 1: from that group into your own life in order to 1059 00:48:07,680 --> 00:48:09,759 Speaker 1: help you to continue to make progress. That's right. So 1060 00:48:09,840 --> 00:48:12,080 Speaker 1: it's a really important community. And I mentioned you know 1061 00:48:12,080 --> 00:48:14,280 Speaker 1: how Nathan was kind of like an m v P 1062 00:48:14,280 --> 00:48:17,080 Speaker 1: podcast listener with the amount of minutes that he uh 1063 00:48:17,360 --> 00:48:20,520 Speaker 1: notched on his belts. If if he's the m v 1064 00:48:20,600 --> 00:48:22,800 Speaker 1: P listener, I want to say, Ali is the m 1065 00:48:22,880 --> 00:48:26,880 Speaker 1: v P beer donator because we were enjoying this coconut 1066 00:48:26,920 --> 00:48:29,719 Speaker 1: PM don This is an American style with cold brew 1067 00:48:29,800 --> 00:48:34,439 Speaker 1: coffee by Trillium there brewed there in Massachusetts. Dude, tell 1068 00:48:34,440 --> 00:48:38,000 Speaker 1: me your thoughts on this beer. This beer was next level, dude. 1069 00:48:38,120 --> 00:48:40,360 Speaker 1: It was off the chain, as the kids say. Do 1070 00:48:40,400 --> 00:48:43,520 Speaker 1: the kids say that anymore? I don't know anymore. You 1071 00:48:43,560 --> 00:48:45,760 Speaker 1: said that as a kid, I did. I've never stopped 1072 00:48:45,760 --> 00:48:49,160 Speaker 1: the chain, Guys, I still say that, but I'm lame. 1073 00:48:49,280 --> 00:48:51,399 Speaker 1: But I've never had a stout quite like this, And 1074 00:48:51,440 --> 00:48:54,480 Speaker 1: I mean that in the best possible way. It was delicious, 1075 00:48:54,520 --> 00:48:57,319 Speaker 1: and it combined two of my favorite things, which are 1076 00:48:57,560 --> 00:49:01,799 Speaker 1: beer and cold brew coffee, and so the concentration of 1077 00:49:01,800 --> 00:49:05,800 Speaker 1: the coffee flavors were fantastic, and the overall flavor profile 1078 00:49:05,840 --> 00:49:10,600 Speaker 1: of this beer was just impressive. And I didn't expect 1079 00:49:10,600 --> 00:49:13,680 Speaker 1: anything less from Trillion, but even still, I didn't know 1080 00:49:13,719 --> 00:49:15,200 Speaker 1: that it was going to be this delicious. It was 1081 00:49:15,280 --> 00:49:17,960 Speaker 1: like it was really really good and mad props to 1082 00:49:18,000 --> 00:49:20,640 Speaker 1: Alec for sending this one away because I, um, yeah, 1083 00:49:20,680 --> 00:49:23,640 Speaker 1: I'm kind of in love. I feel like that this 1084 00:49:23,680 --> 00:49:26,239 Speaker 1: beer had so much nuance in my mind. Uh, this 1085 00:49:26,320 --> 00:49:28,279 Speaker 1: beer has a touch more sweetness than I think what 1086 00:49:28,360 --> 00:49:31,120 Speaker 1: you what you typically go for, uh, but which I 1087 00:49:31,120 --> 00:49:33,759 Speaker 1: am all about. Like the coconut sort of sweetness that 1088 00:49:33,760 --> 00:49:37,880 Speaker 1: they had going on I thought was perfect And just 1089 00:49:37,920 --> 00:49:40,120 Speaker 1: generally speaking, I feel like that they were able to 1090 00:49:40,120 --> 00:49:42,879 Speaker 1: brew this beer with such finesse, with such nuance, because 1091 00:49:42,920 --> 00:49:44,719 Speaker 1: a lot of the bigger stocks that we have, they 1092 00:49:44,760 --> 00:49:48,320 Speaker 1: just like smack you in the face with the roastiness 1093 00:49:48,440 --> 00:49:52,000 Speaker 1: or the coffee flavors or the barrel aged flavors that 1094 00:49:52,000 --> 00:49:54,759 Speaker 1: they've got going on. But this one was just so nuanced, 1095 00:49:54,800 --> 00:49:57,400 Speaker 1: so subtle. They just sasted like the work of a 1096 00:49:57,440 --> 00:50:00,000 Speaker 1: true brew master. Whoever it is that brewed this beer. 1097 00:50:00,440 --> 00:50:02,879 Speaker 1: The coffee notes were just right, the coconut notes were 1098 00:50:02,920 --> 00:50:05,360 Speaker 1: just right, and just the overall weight because sometimes it 1099 00:50:05,440 --> 00:50:07,759 Speaker 1: can just almost be too thick as well, and this 1100 00:50:07,800 --> 00:50:10,000 Speaker 1: one did not have that. It was just like it 1101 00:50:10,120 --> 00:50:12,759 Speaker 1: rode the line perfectly. Ali, thank you so much for 1102 00:50:12,800 --> 00:50:14,640 Speaker 1: sending this one our way. We're actually looking forward to 1103 00:50:14,640 --> 00:50:17,920 Speaker 1: a couple other Trillion beers coming up here soon as well. Yep. 1104 00:50:18,040 --> 00:50:20,279 Speaker 1: Obviously we love beer and we get to try some 1105 00:50:20,320 --> 00:50:22,080 Speaker 1: of the best in the world which Trillion is making. 1106 00:50:22,400 --> 00:50:25,120 Speaker 1: We are super thankful, so thank you and Matt. That's 1107 00:50:25,120 --> 00:50:26,879 Speaker 1: the end of this episode. It was a really fun one. 1108 00:50:27,080 --> 00:50:30,319 Speaker 1: I love celebrating listener money wins every single year. And 1109 00:50:30,360 --> 00:50:32,319 Speaker 1: we still got one more episode to get to you. 1110 00:50:32,320 --> 00:50:35,120 Speaker 1: Oh yeah, you hang on, We've got one more for 1111 00:50:35,200 --> 00:50:38,080 Speaker 1: our Friday flight, but two I think is going to 1112 00:50:38,160 --> 00:50:40,440 Speaker 1: be a great year for the HTAH Money community. I'm 1113 00:50:40,480 --> 00:50:42,920 Speaker 1: looking forward to see how the podcast shifts and changes 1114 00:50:42,920 --> 00:50:45,319 Speaker 1: and how we're able to hopefully reach more people with 1115 00:50:45,680 --> 00:50:49,040 Speaker 1: helpful money advice. That's the goal here, and hopefully next 1116 00:50:49,160 --> 00:50:51,920 Speaker 1: year we've got a lot more money wins to share 1117 00:50:52,160 --> 00:50:55,520 Speaker 1: from a greater variety of how the Money listeners. Next year, 1118 00:50:55,560 --> 00:50:57,320 Speaker 1: we want to hear from you and what it is 1119 00:50:57,360 --> 00:50:59,200 Speaker 1: that you did with your money exactly. We've got three 1120 00:50:59,840 --> 00:51:03,520 Speaker 1: five days, make some progress, make something happen, Alright, Matt. 1121 00:51:03,520 --> 00:51:05,279 Speaker 1: That's going to do it for this episode until next time. 1122 00:51:05,640 --> 00:51:07,600 Speaker 1: Best Friends Out, Best Friends Out,