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Speaker 1: Welcome to How the Money. I'm Joel and I am Matt,

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Speaker 1: and today we're celebrating five episodes with some killer listener tips. WHOA,

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Speaker 1: they're a killer? That ever phrase you've heard mentioned, it's

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Speaker 1: been a long time. I think killer Mike, maybe killer Mike.

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Speaker 1: It also makes me think of Turbo that that used

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Speaker 1: to be a favorite of mine life. WHOA there, Turbo,

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Speaker 1: slow down to take it easy. Uh, we are going

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Speaker 1: to talk about some some killer tips. Man. I am

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Speaker 1: excited to record this episode. We felt that what better

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Speaker 1: way to celebrate five episodes in the can than to

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Speaker 1: turn the tables a little bit too, uh, reverse the

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Speaker 1: role and hear from our listeners rather than our feta

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Speaker 1: us dispensing all the advice. Let them do the heavy lifting.

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Speaker 1: We appreciate everyone who's sent in a tip. There's a

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Speaker 1: lot of good ones that we're gonna get to that well, yeah,

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Speaker 1: we couldn't get We're not gonna be able to get

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Speaker 1: to all of them because we had so many and

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Speaker 1: so and I will say the ladies definitely showed up,

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Speaker 1: like we put the call out there because like the

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Speaker 1: first like twelve fifteen, them were all from dudes and

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Speaker 1: we're like Oh my gosh, we don't want this to

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Speaker 1: be a total sausage. And no, we have a ton

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Speaker 1: of lady listeners out there. So they showed up. They

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Speaker 1: showed up for sure. I'm excited to get to that

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Speaker 1: man real quick. Though. I wanted to ask you so

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Speaker 1: last Saturday, we had a babysitter come over. She kept

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Speaker 1: the place from burning down, kept the kids alive. About

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Speaker 1: all you can as the two most important things when

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Speaker 1: you were babysitting four kids. Also four kids during the daytime,

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Speaker 1: not at nights, because it's I think a little bit

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Speaker 1: easier experience if you suck them in at nights. Um.

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Speaker 1: But when we came back, I noticed that our babysitter,

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Speaker 1: she had done the dishes, she had loaded the dishwasher,

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Speaker 1: and she had started it before at some point while

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Speaker 1: she was there. And so we came home to a

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Speaker 1: dishwasher that was hot and steamy, you know, like it

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Speaker 1: had been sitting there during the dry cycle. I was

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Speaker 1: like someone going the extra mile. So that's first of all,

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Speaker 1: have you ever had a babysitter do that for you?

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Speaker 1: Only when my dad watches the kid sometimes because he's

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Speaker 1: an absolute sweetheart, that is awesome. So I guess. Okay,

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Speaker 1: So now that I mentioned it, I think it's because

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Speaker 1: that was maybe one of the first times we had

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Speaker 1: had a babysitter during a chunk of the day, specifically

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Speaker 1: during dinner. Most of the time someone comes over after

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Speaker 1: we put them down, so that might be wise. Man,

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Speaker 1: I don't know, Maybe you expecting me to do your

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Speaker 1: dishes now the next time I come over to the

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Speaker 1: house for date night. Uh No, not not expecting that.

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Speaker 1: But that being said, that was a delight and it

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Speaker 1: led to me tipping her more than I normally would have.

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Speaker 1: But yeah, so my question for you, so it sounds

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Speaker 1: like you have had that done before, although by your dad.

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Speaker 1: You're not paying or anything like that, but we're a

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Speaker 1: babysitter to do that. Would you want to give a

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Speaker 1: little bit more, a little more generous? I think so?

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Speaker 1: Like I think I didn't know if that was just

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Speaker 1: standard procedure and maybe we had just gotten crappy babysitters

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Speaker 1: allah joel uh, And this is something to be expected,

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Speaker 1: but it was the first time we've ever expect I'm

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Speaker 1: definitely the worst babysitter you've ever had, But I don't

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Speaker 1: think you expected much for me anyway. But No, I

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Speaker 1: would totally tip extra if if somebody like does you

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Speaker 1: know runs a vacuum or does the dishes, Like those

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Speaker 1: are the kind of things, Okay, that's incredible, Yeah, that

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Speaker 1: would be that would be like two layers up. But

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Speaker 1: those are the kind of things where I don't do

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Speaker 1: my laundry? Did you do my d on my clothes?

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Speaker 1: That extra service? I mean, it's unnecessary, but it's like

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Speaker 1: completely just like the sweetest thing ever. And you know,

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Speaker 1: usually the babysitter that you're using is somebody that you

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Speaker 1: know decently well, they're watching your kids, and so you're like, well, man,

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Speaker 1: you didn't have to do that. So I'm totally for yeah,

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Speaker 1: tossing an extra monetary reward someone's way for doing something

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Speaker 1: that kind of went above and beyond the call of duty.

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Speaker 1: Totally agree. Wanted to make sure that we were on

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Speaker 1: the same page. They let's go ahead introduce a very

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Speaker 1: special beer that you and I are going to enjoy

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Speaker 1: during this episode. Since we're five episodes in, like we

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Speaker 1: we had to pick a really fantastic beer for this occasion.

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Speaker 1: This is a premium bottle beer. So my neighbor who

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Speaker 1: works are recently retired from working at with the best

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Speaker 1: beer bar in town, and he told me this is

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Speaker 1: the beer to have. It's a new release from Monday night.

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Speaker 1: We've had a lot of Monday night beers on the

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Speaker 1: show before. This one is called Faithful Instruction and it

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Speaker 1: is a fruited lambic basically style up here the style

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Speaker 1: is Belgian, but you know more U S brewers are

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Speaker 1: making this style of beer now and this one has

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Speaker 1: raspberries in it. I'm very, very very excited to, uh yeah,

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Speaker 1: try this beer with you on today's show. A fruited

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Speaker 1: method tradition in Nail. That's not how you said trades

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Speaker 1: in l A. But yeah, brewed in the traditional we

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Speaker 1: don't speak foreign languages manner. But we're really looking forward

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Speaker 1: to this. And actually normally we pre pour the beers

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Speaker 1: so we don't have to stop the recording. But since

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Speaker 1: we're celebrating, in my mind I pictured us having like

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Speaker 1: a cage and cork beer to where we could actually

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Speaker 1: pop the court and make that sounds. But for this one,

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Speaker 1: we'll just have to just a little pop the top

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Speaker 1: will have to suffice. All right, let's do it. Oh

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Speaker 1: there it is again, kind of quiet. We used to

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Speaker 1: do that in every cast episode back in the day

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Speaker 1: at the very beginning, very early on. So I'll go

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Speaker 1: ahead and get this pard here for us and we

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Speaker 1: will talk about it at the end of the episode.

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Speaker 1: Sounds good, but definitely looking forward to this one. But yeah,

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Speaker 1: let's get onto the subject in hand. Look at that color.

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Speaker 1: It's not to launch into it to It's like a beautiful,

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Speaker 1: plumb purple color. It's yeah, so let's celebrate with listener

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Speaker 1: listener clips. This episode, of course, was crowdsource. We wanted

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Speaker 1: your best tips and that's what we solicited, and you

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Speaker 1: guys definitely brought a lot of great ones, sent them

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Speaker 1: our way, and we're gonna send somehow the money swag

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Speaker 1: your way. We're still trying to dial in what it's

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Speaker 1: going to be. We've been working on it. Um, I'm

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Speaker 1: just gonna reveal we wanted to be some dope socks,

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Speaker 1: so we're trying to get designed and so hopefully, you know,

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Speaker 1: we'll be able to give those out to all these

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Speaker 1: listeners in the near future. Originally we thought of a

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Speaker 1: T shirt, but they were like, that's it feels too stained.

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Speaker 1: Everybody does T shirts. Like, what's something that's a little

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Speaker 1: more off the beaten path with something a little weirder,

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Speaker 1: something a little more Matt and Jolie, And sure enough

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Speaker 1: we're like, oh socks, yeah, that would be awesome, could

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Speaker 1: be dises that it does another Obviously the thing that

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Speaker 1: crossed our mind. We should have done that in the past.

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Speaker 1: We did that back in the day, but we haven't

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Speaker 1: done that with without the money. But maybe we should,

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Speaker 1: maybe we should. All right, Well, one of the other

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Speaker 1: options Matt for this episode, by the way, was doing

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Speaker 1: like best of clips from episodes past, but we realized

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Speaker 1: that would be a really short episode. So that's why

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Speaker 1: we win this direction. Uh So, let's actually there's not

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Speaker 1: many like this. People were gonna have like a six

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Speaker 1: minute episode, and that that sounds too short. So let's

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Speaker 1: let's get to some of the the best listener clips

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Speaker 1: that were sent our way. Let's start with one about

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Speaker 1: a side hustle that sounds like a hobby too. Hey Joelan, Matt,

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Speaker 1: this is Jad and I'm from Chino Hills, California. I

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Speaker 1: have a money making tip. I've been collecting cute house

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Speaker 1: plans since the beginning of the pandemic, and I realized

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Speaker 1: that money does grow on trees if you like plants

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Speaker 1: or have some plans laying around your place, I suggest

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Speaker 1: check out how much their costs on line. The house

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Speaker 1: plant market fluctuates in price based on what's trending or not.

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Speaker 1: You can sell your plans for a profit or purchase

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Speaker 1: a rare one to grow, which you can use to

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Speaker 1: sell cuttings in the market. Plants are awesome. It not

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Speaker 1: only makes your place aesthetically pleasing, but it also provides

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Speaker 1: a way to make some cash. Congrats on the five

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Speaker 1: episode Cheers, Cheers do you jad? Thank you so much

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Speaker 1: for that tip. And I love this one because side

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Speaker 1: hustles they don't have to be a big pain in

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Speaker 1: the butts, you know. Instead, it could just be something

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Speaker 1: that you enjoy doing, like regardless if you're getting paid

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Speaker 1: or not. Which actually, like that's the best kind of

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Speaker 1: side hustle, right, It's one that you do regardless. So

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Speaker 1: it sounds like you have found the perfect side gig,

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Speaker 1: you know, assuming you've got that green thumb. House plants

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Speaker 1: are one of those things that you can pursue that

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Speaker 1: can like essentially be pure profit in an ongoing way,

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Speaker 1: you know, whether that's splitting plants, selling those cuttings, getting

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Speaker 1: those rooted and started. That's a great way to make

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Speaker 1: some of that extra cash, because yeah, house points, they

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Speaker 1: are not cheap. I feel like the house plant market

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Speaker 1: really blew up in the past like five years or so.

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Speaker 1: But this is one that my mom has had an

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Speaker 1: influence on Kate and I because she actually I've not

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Speaker 1: met anybody who has more house plants than she does, really,

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Speaker 1: and they are all so green, so big and thriving

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Speaker 1: and just like spilling over there, you know, the actuals,

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Speaker 1: Like if your mom wants to make some extra money,

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Speaker 1: she can do it. She taught us how to so

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Speaker 1: specifically the snake plant. It's also ironically enough tongue exactly.

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Speaker 1: Those propagate like crazy. You just snip the little stem

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Speaker 1: leaf thing, just shove it in the dirt and it grows.

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Speaker 1: It s prowds, roots, and so I think this is

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Speaker 1: such a cool way to potentially make some extra money.

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Speaker 1: Jad well, and aren't semi hipster part of town where

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Speaker 1: we live, Matt. There are literally storefronts where people sell

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Speaker 1: these house plants, and they are really expensive. They are

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Speaker 1: also like pop ups at local breweries and stuff like

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Speaker 1: that where people sell their house plants. So I think

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Speaker 1: this is a great business and it's one that you

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Speaker 1: can expand and kind of fit into your schedule. You

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Speaker 1: can sell them just on Facebook marketplace, and it could

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Speaker 1: be basically pure profit. Like you said, it doesn't take

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Speaker 1: a whole lot to get this thing rolling. So I

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Speaker 1: love what Jad's doing and I think it's a good

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Speaker 1: call to anybody who's like, well, I want to do

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Speaker 1: a side house. I want to make some cash on

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Speaker 1: the side, and I think it has to be this

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Speaker 1: like buttoned up business, but it doesn't necessarily have to be.

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Speaker 1: It could be kind of something you're doing anyway that

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Speaker 1: you end up profiting from a little bit on the

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Speaker 1: side exactly. Yeah, So that's a money making tip here.

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Speaker 1: Our next tip is a money saving tip. Hi, Matt Joe.

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Speaker 1: This is Mike from San Antonio. There's a great way

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Speaker 1: to save a lot of money, and that's to belong

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Speaker 1: to a community garden. Only to take a little bit

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Speaker 1: of money to join. You save a lot on vegetables

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Speaker 1: and fruit and you are able to pickle all of

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Speaker 1: the or use it later on. Plus it's a good

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Speaker 1: place to relieve stress. Also, try to make your own food.

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Speaker 1: There's plenty of recipes on the internet about making um,

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Speaker 1: yogurt and pickles and all sorts of things. So thanks,

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Speaker 1: enjoy your stuff a lot by all Right, another plant

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Speaker 1: related tip, I appreciate that. So getting green thumbs here

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Speaker 1: in the first segment of this episode makes me feel

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Speaker 1: connected to the earth exactly. I think this this is

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Speaker 1: just another great way to get your grocery expenses down. Like,

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Speaker 1: I've never been a part of a community garden, mat,

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Speaker 1: but we have some in our neighborhood, and I see

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Speaker 1: some of other neighborhoods around Atlanta too, and and it

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Speaker 1: sounds like an amazing way to maybe accomplish a few things, right,

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Speaker 1: of course, an awesome way to cut your grocery budget.

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Speaker 1: And then you know, a nice activity to reduce some stress,

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Speaker 1: like Mike said, especially if you're performing a lot of

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Speaker 1: like computer based work. And I bet you're like us, right,

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Speaker 1: we're sitting here just talking on the microphone. Yeah, it's

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Speaker 1: an articles a nice way to get out, get some

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Speaker 1: fresh air and get out there and then maybe even

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Speaker 1: to meet some of your neighbors. Right, if it's a

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Speaker 1: community garden, you're probably like doing that sweat equity work

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Speaker 1: for them veggies with some some people who live around

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Speaker 1: you too. Which sounds great. Oh yeah, I mean it's

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Speaker 1: in the name itself community garden, So that's another, certainly

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Speaker 1: another benefit of just being able to get out there

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Speaker 1: and to become acquainted with your neighbors, which that is

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Speaker 1: something that's missing too much in our society. We need

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Speaker 1: more of that, especially over the past couple of years. Right,

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Speaker 1: it's been difficult to know how to interact, and I

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Speaker 1: think most folks at this point are very comfortable at

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Speaker 1: least outdoors interacting with each other, talking to each other,

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Speaker 1: engaging in conversation. And then you know what, Like you

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Speaker 1: start off in the community garden, before you know it,

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Speaker 1: you're on the front porch sharing drinks, and then after

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Speaker 1: that you get comfortble with each other and you're having

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Speaker 1: each other for dinner. I love that. Just I guess

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Speaker 1: where the community garden could take relationships within a specific community.

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Speaker 1: So Mike, thank you so much for sharing that tip. Joel.

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Speaker 1: Our next one is one that specifically appeals to me.

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Speaker 1: Let's hear this one. Hi, guys, my name is Jenn.

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Speaker 1: I live in Indian and South Carolina, and my money

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Speaker 1: tip is to mail prep and eat leftovers. I used

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Speaker 1: to think that was kind of a lame tip. You know,

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Speaker 1: like how they always tell millennials to stop eating avocado

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Speaker 1: toast to go into Starbucks so much. But once I

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Speaker 1: started doing it, I really saw that a lot of

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Speaker 1: my money was going toward fast food or just going

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Speaker 1: out to dinner randomly during the middle of the week

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Speaker 1: when it wasn't really anything special. So if I can

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Speaker 1: cook a lot of my meals at home and cook

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Speaker 1: bigger meals and plan on leftovers, I'm less timpted to

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Speaker 1: go out during the middle of the week or on

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Speaker 1: a time where I'm just doing it out of laziness,

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Speaker 1: and I have a lot more time and money left

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Speaker 1: over to go out with my friends or do something special,

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Speaker 1: And then I don't have to worry about that really

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Speaker 1: eating out of my budget as much as I would

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Speaker 1: if I was going out all the time. Joel, did

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Speaker 1: you figure out why it is I like this tip?

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Speaker 1: I thank you and Jen have a similar affinity for leftovers.

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Speaker 1: You preached the gospel of leftovers constantly. I had leftovers

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Speaker 1: today for lunch. I mean literally the ability to go upstairs,

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Speaker 1: you know, so I don't know folks know this. We

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Speaker 1: record in the built out basement essentially of my house.

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Speaker 1: We built it out originally for Airbnb, but now this

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Speaker 1: is our office, and so I am lucky enough that

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Speaker 1: for lunch, I just get to walk upstairs, pull something

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Speaker 1: out of the fridge, pop it in the microwave, get

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Speaker 1: to eating. And I love that. I mean, well, to

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Speaker 1: eat some of Kate's delicious cooking after two minutes of

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Speaker 1: it sitting in the microwave. One of the things I

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Speaker 1: think I love most about what Jena said there is

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Speaker 1: cooking bigger meals and planing for leftovers. It's meal bread, yeah,

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Speaker 1: and that is something that I think saves a lot

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Speaker 1: of stress sometimes in the kitchen when you cook more

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Speaker 1: than you need to and then you've got lunch leftover.

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Speaker 1: This is just such a great um option for a

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Speaker 1: lot of people to spend less time in the kitchen,

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Speaker 1: double batches of chili or spaghetti or whatever they're making,

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Speaker 1: and then you know, eat it for for dinner that

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Speaker 1: night than lunch the following day. It's kind of like, um, yeah,

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Speaker 1: just doubling the recipe doesn't double your efforts, which I appreciate,

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Speaker 1: and so I think batch cooking eating throughout the week

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Speaker 1: can be a stress reliever in a way for folks

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Speaker 1: to save a ton of time. So yeah, I think

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Speaker 1: leftovers for the wind. Jen's tip is a is a

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Speaker 1: great one. Yeah, it's interesting too how she mentioned the

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Speaker 1: y avocado toast thing, right, because I think sometimes financial advice, like,

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Speaker 1: even though there is some wisdom in it, you can

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Speaker 1: kind of make you feel like you're being scolded into

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Speaker 1: a certain kind of behavior. And then depending on how

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Speaker 1: you respond to that that delivery, right, Like that type

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Speaker 1: of advice, that could completely turn someone off to even

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Speaker 1: considering it at all, even though it might align really

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Speaker 1: well with their lifestyle. And so it's important to to

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Speaker 1: not throw the baby out with the bathwater eating your

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Speaker 1: leftovers and you know, food meal planning, batch cooking that

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Speaker 1: can obviously it prevents food waste, but it can definitely

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Speaker 1: help keep your your budget intact as well. But it

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Speaker 1: makes me just think so much about how the delivery

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Speaker 1: of the financial advice that we dispense. How that is

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Speaker 1: so important to keep in mind because you know that

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Speaker 1: there are some folks who like getting yelled at, I guess,

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Speaker 1: but that's not quite our style. We like to sort

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Speaker 1: of put the advice out there, try to explain to

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Speaker 1: you why we think it's the right thing. For you

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Speaker 1: to do. But even still, we're not gonna be mean

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Speaker 1: about it. We're gonna just go ahead and let you

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Speaker 1: make that decision. Yeah. My mom always used to say,

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Speaker 1: it's not what you say, it's how you say it.

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Speaker 1: And I think right, so yeah, say it nicely, you know,

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Speaker 1: don't lie, don't sugarcoat things, but like tell people to

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Speaker 1: you know, tell people the truth. Let's say it in

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Speaker 1: a way that's palatable. I think that's that's very true,

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Speaker 1: and I think there's a lot of people missing that

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Speaker 1: when they're giving financial advice. Kind of brash. All right, man,

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Speaker 1: let's get to the next one. This one's about clothes. Hey,

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Speaker 1: this is Kara and I live in central Wisconsin. You

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Speaker 1: wanted to hear from the ladies, so here you go.

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Speaker 1: One of my money saving slash money making habits is

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Speaker 1: using an online consignment platform like posh Mark to keep

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Speaker 1: my closet cleaned out and updated. I've generally used the

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Speaker 1: income from my sales towards my clothing budget. Oftentimes no

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Speaker 1: money leaves my bank account, as I can use the

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Speaker 1: credit from my online closet to buy a barely worn

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Speaker 1: or sometimes brand new pair my favorite genes for a

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Speaker 1: quarter of the normal price. I hate spending money on

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Speaker 1: an item all where just once a k bridesmaid dress,

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Speaker 1: and this has been a great resource for both purchasing

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Speaker 1: and reselling said item that I never wanted in the

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Speaker 1: first place. It's not making me rich, but every little

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Speaker 1: bit helps, even if it's just enough to cover my

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Speaker 1: weekly bottle of wine. Thanks guys, this is great man.

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Speaker 1: I love car that you think of your closet as

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Speaker 1: more of a revolving door. I think we should all

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Speaker 1: take on more that that kind of mindset when it

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Speaker 1: comes to our clothes and our closet. And I know

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Speaker 1: my clothing take haven't changed much. They pretty much dad

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Speaker 1: the same for the past fifteen years or so. But

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Speaker 1: for folks stay with my music taste, I think so.

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Speaker 1: I think that's just proven fact, right, like the number

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Speaker 1: of new bands that we discover after the age of thirty.

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Speaker 1: It's like you'd be embarrassed at how little new music, uh,

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Speaker 1: the average American listens to you after the age of this.

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Speaker 1: But I mean, I love that she's mentioning posh marks

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Speaker 1: specifically because for folks who are more into fashion, man,

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Speaker 1: don't be afraid to buy and sell your stuff used

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Speaker 1: it is. It's so awesome that she said that virtually

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Speaker 1: no money ever leaves her actual bank account, as she's

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Speaker 1: able to use her you know, like she says she

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Speaker 1: has like an online closet or like a virtual closet

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Speaker 1: kind of thing. She's able to use these credits from

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Speaker 1: sales that she's making on posh Mark to cover the

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Speaker 1: cost of any of those new or new to her.

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Speaker 1: But there those use items. I love it. And not

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Speaker 1: only that, not only is it, you know, she exchanging

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Speaker 1: basically her her use clothes for other folks, close pair

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Speaker 1: of jeans that may have only been worn once at

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Speaker 1: a quarter of the price. I love that. But she's

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Speaker 1: making some money too. She's talking about they for her

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Speaker 1: to cover the cloth the cost of a weekly splurge

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Speaker 1: with like a bottle of wine, Like she's actually making

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Speaker 1: money doing this. I love it. I think clothing can

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Speaker 1: kind of be like buying a new car, like the

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Speaker 1: depreciation hit can be substantial and immediate, until buying us

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Speaker 1: clothes can. I mean thrift store obviously, right is one

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Speaker 1: of those places where you can buy stuff that costs

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Speaker 1: a heck of a lot less than what you would

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Speaker 1: pay for it new. And you can even like get

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Speaker 1: some more cool vintage threads there. But if you're into

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Speaker 1: designer stuff, if you go buy it off the rack,

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Speaker 1: you know you're talking about potentially spending hundreds and hundreds

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Speaker 1: of dollars on a shirt, whereas buying it used it

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Speaker 1: might be like fifty bucks for that same shirt. And

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Speaker 1: so yeah, I think eBay, posh mark sites like that

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Speaker 1: can be a big moon if you've got like fancy

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Speaker 1: your taste but don't want to spend like mad money

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Speaker 1: on them, that's a that's a good way to go.

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Speaker 1: Or let's get to another clothing tip actually, Matt, This

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Speaker 1: one from listener Lilian. Good morning, Matt and Joel. Thank

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Speaker 1: you so much for the How the Money podcast. We

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Speaker 1: really enjoy it. I had a quick money tip. Many stores,

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Speaker 1: including places like Gap or maybe even Lows, allow you

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Speaker 1: to do a price check after you've purchased your item.

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Speaker 1: So if those things go on sale within depending on

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Speaker 1: the store, two weeks or thirty days after you purchase it,

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Speaker 1: you can get this sale price on that item. I've

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Speaker 1: done this a bunch at Old. Maybe any time I

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Speaker 1: have to buy a new season of clothes for the kiddos,

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Speaker 1: um I just show back up at old maybe fourteen

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Speaker 1: days after I purchased the item, and if anything's on sale,

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Speaker 1: I get the reduced price. Anyway, Highly recommend and thanks

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Speaker 1: again for your podcast. Man. I don't think I've ever

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Speaker 1: taken this tact with Lilian's mentioning here, I think, but

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Speaker 1: I appreciate her dedication to saving money and going back

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Speaker 1: to the store if there's been a sale, and then

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Speaker 1: like you know, getting that price difference cutita back. I

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Speaker 1: don't know if it's in the form of cash or

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Speaker 1: if it's in the form of store credit, but I

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Speaker 1: think that's pretty smooth. She's like, I'll see you next

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Speaker 1: year at the same time, same place, right exactly. Well,

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Speaker 1: and but there's one thing I think we can extrapolate

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Speaker 1: from here that sadly is not as widely available as

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Speaker 1: it used to be, which is credit cards offering price

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Speaker 1: protection perks. And so almost all the credit cards sadly

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Speaker 1: have done away with this, where if in thirty or

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Speaker 1: sixty days you buy something in the price changes, you

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Speaker 1: just contact the credit card company and they basically credit

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Speaker 1: that back for you. They take care of it. Well,

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Speaker 1: almost no credit cards offer that anymore, and if they do,

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Speaker 1: they charge a massive annual fee. There is only one

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Speaker 1: fee free of card that we know of that still

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Speaker 1: offers this perk, and it comes from Navy Federal Credit Union.

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Speaker 1: We'll link to it in the show notes. But if

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Speaker 1: this is a park, you're taking advantage of in a

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Speaker 1: big way, Lillian, But it is a hassle maybe to

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Speaker 1: return to the store. This could be maybe the easier

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Speaker 1: way to tell that. But I love the dedication and

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Speaker 1: sometimes saving money means pounding the payment means kind of

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Speaker 1: put it in some work. That's right, man. Okay, We've

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Speaker 1: got a ton more tips to get to from a

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Speaker 1: variety of folks covering an array of different topics, and

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Speaker 1: we'll get to all of those right after this break over.

428
00:20:01,800 --> 00:20:03,840
Speaker 1: All right, Matt, we're back and we've got a lot

429
00:20:03,840 --> 00:20:06,359
Speaker 1: more listener tips to get to. This next one comes

430
00:20:06,359 --> 00:20:10,040
Speaker 1: from a listener who has been taking advice from one

431
00:20:10,080 --> 00:20:13,360
Speaker 1: of our good friends. This is Matt Profatville, North Carolina.

432
00:20:13,560 --> 00:20:15,480
Speaker 1: You guys answered one of my questions way back on

433
00:20:15,520 --> 00:20:18,320
Speaker 1: episode two sixty two. The money tip that has made

434
00:20:18,320 --> 00:20:21,720
Speaker 1: the most impact on my life is what Coach Carson

435
00:20:21,800 --> 00:20:25,280
Speaker 1: calls live in then rent, which is a house buying

436
00:20:25,280 --> 00:20:27,920
Speaker 1: strategy where you buy a house as a primary residence,

437
00:20:28,640 --> 00:20:30,840
Speaker 1: which means you can put three to five percent down

438
00:20:30,920 --> 00:20:33,920
Speaker 1: depending on your lender, you live in it for a year,

439
00:20:34,320 --> 00:20:36,840
Speaker 1: and then you repeat that when you move out of

440
00:20:36,840 --> 00:20:40,199
Speaker 1: that one you rent it, you rented out. Anyway, I

441
00:20:40,240 --> 00:20:43,160
Speaker 1: really enjoy the show. Keep up with the good work, Matt.

442
00:20:43,160 --> 00:20:44,960
Speaker 1: Thanks for the tip. And I gotta say, first off,

443
00:20:44,960 --> 00:20:48,119
Speaker 1: Coach Carson is the guy people should be listening to

444
00:20:48,240 --> 00:20:51,680
Speaker 1: if you're interested in real estate, rental, real estate as

445
00:20:51,720 --> 00:20:53,679
Speaker 1: a way to make money. You know, we're definitely on

446
00:20:53,720 --> 00:20:57,120
Speaker 1: board with his philosophy and his approach and he actually

447
00:20:57,240 --> 00:21:00,560
Speaker 1: he recently shared that he's moving to Spain later the summer, Matt,

448
00:21:00,720 --> 00:21:03,040
Speaker 1: which I'm excited for him and his family. How many

449
00:21:03,040 --> 00:21:04,800
Speaker 1: field trip is what needs to happen? I think so.

450
00:21:05,160 --> 00:21:07,080
Speaker 1: I think we have to buy plane tickets, a SAP

451
00:21:07,200 --> 00:21:09,320
Speaker 1: might have to keep an eye on some some different

452
00:21:09,359 --> 00:21:12,800
Speaker 1: Google flight deals. That's right, Scott's cheap, keep checking Scott's

453
00:21:12,800 --> 00:21:15,600
Speaker 1: emails and if the prices go down, Chad Carson, We're

454
00:21:15,600 --> 00:21:18,000
Speaker 1: coming to pay you a visit. And yes, living in

455
00:21:18,040 --> 00:21:19,840
Speaker 1: a home and then turning it into a rental can

456
00:21:19,880 --> 00:21:21,879
Speaker 1: make a ton of sense for a lot of folks.

457
00:21:21,880 --> 00:21:24,200
Speaker 1: That's that's what I did with my first and second

458
00:21:24,240 --> 00:21:26,680
Speaker 1: home purchases, and it gives you a few different benefits,

459
00:21:26,680 --> 00:21:28,680
Speaker 1: like getting a lower interest rate, being able to put

460
00:21:28,760 --> 00:21:31,440
Speaker 1: less money down. I still put down on each of

461
00:21:31,480 --> 00:21:34,199
Speaker 1: those purchases, but it's kind of like the easiest way

462
00:21:34,240 --> 00:21:36,240
Speaker 1: to get into real estate investing. It feels a little

463
00:21:36,240 --> 00:21:37,720
Speaker 1: bit les daunting that way for a lot of people.

464
00:21:37,960 --> 00:21:40,080
Speaker 1: That is true for everyone out there, though. You still

465
00:21:40,119 --> 00:21:41,680
Speaker 1: want to make sure that on the front end that

466
00:21:41,760 --> 00:21:44,399
Speaker 1: this primary home of yours that it will make a

467
00:21:44,400 --> 00:21:47,000
Speaker 1: good rental uh, you know, when the time comes, and

468
00:21:47,040 --> 00:21:49,120
Speaker 1: so like things to think through like how much will

469
00:21:49,160 --> 00:21:51,920
Speaker 1: that monthly mortgage be, and then like what is your

470
00:21:52,000 --> 00:21:55,119
Speaker 1: home likely to rent for? These are important pieces of

471
00:21:55,119 --> 00:21:58,080
Speaker 1: information to keep in mind because most folks they buy

472
00:21:58,119 --> 00:22:00,800
Speaker 1: their primary homes and they don't think about the potential

473
00:22:00,840 --> 00:22:03,639
Speaker 1: for it to turn into a rental property. And so

474
00:22:03,760 --> 00:22:06,399
Speaker 1: when that's the case, the numbers aren't necessarily all that pretty,

475
00:22:06,920 --> 00:22:08,680
Speaker 1: but it can be done. It can be done well

476
00:22:08,720 --> 00:22:11,280
Speaker 1: in many cases. I know for me personally, that's one

477
00:22:11,320 --> 00:22:12,960
Speaker 1: of one of the traps that we fell into was

478
00:22:13,080 --> 00:22:15,560
Speaker 1: thinking that this first, very first home that we're going

479
00:22:15,600 --> 00:22:17,840
Speaker 1: to purchase this will I could see us here forever,

480
00:22:19,000 --> 00:22:20,800
Speaker 1: when in reality, I wish I could go back in

481
00:22:20,800 --> 00:22:23,600
Speaker 1: time and tell myself my younger self, Hey, it doesn't.

482
00:22:23,600 --> 00:22:26,200
Speaker 1: You don't necessarily have to find the perfect house. Instead,

483
00:22:26,359 --> 00:22:28,880
Speaker 1: the kind of questions we would challenge you to ask

484
00:22:28,920 --> 00:22:31,520
Speaker 1: yourself is, you know, could you see yourself living here

485
00:22:31,600 --> 00:22:35,080
Speaker 1: for four five years, maybe even three to four years.

486
00:22:35,240 --> 00:22:37,960
Speaker 1: It doesn't necessarily have to be that forever home. So

487
00:22:38,080 --> 00:22:40,360
Speaker 1: keep that in mind as you're looking to make, especially

488
00:22:40,560 --> 00:22:42,960
Speaker 1: those very first home purchases. Yeah, my first two house

489
00:22:42,960 --> 00:22:44,760
Speaker 1: I was in for two years each and it worked

490
00:22:44,760 --> 00:22:47,560
Speaker 1: out worked out perfectly. So as long as it's a

491
00:22:47,560 --> 00:22:48,879
Speaker 1: good runtal on the front end and you've kind of

492
00:22:48,920 --> 00:22:50,760
Speaker 1: run those numbers and you're like, it's not just a

493
00:22:50,760 --> 00:22:52,800
Speaker 1: house for you to live in, but you're you're you're

494
00:22:52,840 --> 00:22:55,720
Speaker 1: thinking to it with the future potential as a rental property,

495
00:22:55,720 --> 00:22:57,800
Speaker 1: I think it makes a lot of sense. Thanks Matt

496
00:22:57,880 --> 00:23:00,840
Speaker 1: for that suggestion. All right, next tip, This one is

497
00:23:00,960 --> 00:23:04,000
Speaker 1: a practical budgeting tip. Hey, Matt and Joel, This is

498
00:23:04,040 --> 00:23:07,199
Speaker 1: Megan from Southern California. Love the podcast. Been listening for

499
00:23:07,240 --> 00:23:10,800
Speaker 1: a while and listen every week. Congrats on your fipisode.

500
00:23:11,520 --> 00:23:14,840
Speaker 1: I just wanted to submit a money tip that's helped

501
00:23:14,920 --> 00:23:18,080
Speaker 1: us over the years. My husband and I are both musicians.

502
00:23:18,359 --> 00:23:20,679
Speaker 1: We have regular monthly income and a fair amount of

503
00:23:20,680 --> 00:23:24,399
Speaker 1: irregular income as well. I am also an hourly worker,

504
00:23:24,480 --> 00:23:27,200
Speaker 1: so my paychecks very in amount. We found it hard

505
00:23:27,240 --> 00:23:30,160
Speaker 1: to anticipate and plan our budget every month, so something

506
00:23:30,200 --> 00:23:32,840
Speaker 1: we started doing about six years ago is to save

507
00:23:32,880 --> 00:23:35,040
Speaker 1: our income each month and use it for the next month.

508
00:23:35,400 --> 00:23:37,720
Speaker 1: For example, we set aside our income for the month

509
00:23:37,760 --> 00:23:40,840
Speaker 1: of March as it comes in and we will budget

510
00:23:40,880 --> 00:23:42,960
Speaker 1: it and use it for April. We put it in

511
00:23:43,000 --> 00:23:45,520
Speaker 1: a second checking account that is part of our main accounts,

512
00:23:45,600 --> 00:23:47,760
Speaker 1: and then just transfer the lump sum to our main

513
00:23:47,840 --> 00:23:50,640
Speaker 1: checking account at the beginning of each month. This makes

514
00:23:50,640 --> 00:23:53,320
Speaker 1: it easier to budget correctly based on our actual earnings,

515
00:23:53,320 --> 00:23:55,480
Speaker 1: and also gives us one more month buffer for our

516
00:23:55,520 --> 00:23:59,359
Speaker 1: emergency fund. It's removed that feeling of the paycheck to

517
00:23:59,359 --> 00:24:01,960
Speaker 1: paycheck live staff since we were always waiting to see

518
00:24:01,960 --> 00:24:04,040
Speaker 1: what we would make during the month. For us, this

519
00:24:04,119 --> 00:24:06,000
Speaker 1: has made a huge impact on how we budget and

520
00:24:06,040 --> 00:24:08,440
Speaker 1: hope this idea can help someone else feel more secure

521
00:24:08,440 --> 00:24:12,280
Speaker 1: in their finances. Security that is the name of the game. Megan,

522
00:24:12,320 --> 00:24:14,560
Speaker 1: what a great practical way for you to remove that

523
00:24:14,560 --> 00:24:17,840
Speaker 1: that month to month stress. Because a regular income it

524
00:24:17,880 --> 00:24:20,119
Speaker 1: can be tricky, but this is definitely the way to

525
00:24:20,160 --> 00:24:22,960
Speaker 1: deal with that conundrum. It's what folks at wyn ab

526
00:24:23,280 --> 00:24:25,400
Speaker 1: or you need a budget. It's what they call aging

527
00:24:25,520 --> 00:24:27,960
Speaker 1: your money. Basically, they want you to be spending money

528
00:24:27,960 --> 00:24:31,120
Speaker 1: that has been in your account for at least thirty days,

529
00:24:31,119 --> 00:24:33,320
Speaker 1: and that's exactly what what you're doing here. We love

530
00:24:33,400 --> 00:24:36,080
Speaker 1: this idea because it provides just a lot of peace

531
00:24:36,080 --> 00:24:38,600
Speaker 1: of mind to know that you know in a down

532
00:24:38,640 --> 00:24:41,560
Speaker 1: month income wise, that the money that you're spending for

533
00:24:41,680 --> 00:24:44,920
Speaker 1: bills that month is coming from what you earned last month.

534
00:24:45,240 --> 00:24:48,200
Speaker 1: That buffer, it just provides that financial margin plus all

535
00:24:48,240 --> 00:24:50,960
Speaker 1: of that peace of mind that you're getting. So good job, Megan.

536
00:24:51,160 --> 00:24:53,320
Speaker 1: It's a great tip for others who feel like that

537
00:24:53,359 --> 00:24:55,960
Speaker 1: they might always be sort of on that financial precipice,

538
00:24:56,280 --> 00:24:58,760
Speaker 1: but for you, you're no longer phased to the same

539
00:24:58,760 --> 00:25:01,320
Speaker 1: degree when something I happen to go wrong with your

540
00:25:01,359 --> 00:25:03,080
Speaker 1: monthly budget. Yeah, I love this one, and it's not

541
00:25:03,080 --> 00:25:05,239
Speaker 1: gonna happen overnight. Right to build up that buffer, but

542
00:25:05,400 --> 00:25:07,440
Speaker 1: to make sure you have that thirty day buffer, it

543
00:25:07,480 --> 00:25:10,199
Speaker 1: could take even a full ten, eleven, twelve months, but

544
00:25:10,240 --> 00:25:12,199
Speaker 1: it's something worth striving for. And I think it's a

545
00:25:12,200 --> 00:25:14,520
Speaker 1: great tip for Megan. Yeah. Well, and specifically to I guess,

546
00:25:14,520 --> 00:25:16,879
Speaker 1: I'm like, I love the just the practical nature of it,

547
00:25:16,920 --> 00:25:19,159
Speaker 1: because how she is taking that money and depositing it

548
00:25:19,160 --> 00:25:21,199
Speaker 1: into a separate like bucket within her account and then

549
00:25:21,240 --> 00:25:23,639
Speaker 1: just moving it over. These are things I mean, like

550
00:25:23,680 --> 00:25:26,960
Speaker 1: being self employed for fourteen years, These are things I

551
00:25:26,960 --> 00:25:29,080
Speaker 1: think I I pretty much take for granted, but to

552
00:25:29,160 --> 00:25:31,800
Speaker 1: hear somebody else's take on it and how they deposit

553
00:25:31,880 --> 00:25:33,400
Speaker 1: that money and then at the beginning of the next

554
00:25:33,400 --> 00:25:36,440
Speaker 1: month they essentially pay themselves from that account, and that's

555
00:25:36,440 --> 00:25:38,000
Speaker 1: how they It's just for you. It's just have it

556
00:25:38,320 --> 00:25:40,480
Speaker 1: exactly and so like we don't think to talk about

557
00:25:40,520 --> 00:25:42,879
Speaker 1: it in this sort of direct way, but it is

558
00:25:43,000 --> 00:25:45,280
Speaker 1: so good to be reminded that this is exactly what

559
00:25:45,320 --> 00:25:47,160
Speaker 1: you need to be doing, Megan. And I'm literally super

560
00:25:47,160 --> 00:25:48,800
Speaker 1: proud of you all for doing this. All right, let's

561
00:25:48,840 --> 00:25:50,800
Speaker 1: get to the next tip map. This one is about

562
00:25:51,240 --> 00:25:54,639
Speaker 1: cheap hobbies. Hey, how the money, guys. I want to

563
00:25:54,680 --> 00:25:58,800
Speaker 1: congratulate you guys on your episode. I have definitely listened

564
00:25:58,840 --> 00:26:01,119
Speaker 1: to at least half of them. Anyway. One way that

565
00:26:01,119 --> 00:26:03,119
Speaker 1: I've saved money over the last few years as I

566
00:26:03,200 --> 00:26:08,560
Speaker 1: swapped golfs, meaning I gave up real golf for disc

567
00:26:08,640 --> 00:26:12,880
Speaker 1: golf and it is so much more fun. By the way.

568
00:26:12,880 --> 00:26:14,600
Speaker 1: One of the ways that Jess saves time is only

569
00:26:14,600 --> 00:26:16,800
Speaker 1: listening to fifty of the Hound of Money episodes, which

570
00:26:17,200 --> 00:26:19,679
Speaker 1: which I appreciate. Jess like, you know, we'll take what

571
00:26:19,720 --> 00:26:21,520
Speaker 1: we can get. Hey, well, I want him to make

572
00:26:21,600 --> 00:26:25,560
Speaker 1: up for lost time and listen to it at two legs. Yeah, uh,

573
00:26:25,600 --> 00:26:27,520
Speaker 1: and then maybe he'll be able to one day catch up.

574
00:26:27,600 --> 00:26:30,920
Speaker 1: You've only got a bacalogue to catch up on. But Matt,

575
00:26:31,000 --> 00:26:33,240
Speaker 1: of course I agree, And anybody who's been listening for

576
00:26:33,280 --> 00:26:35,720
Speaker 1: any period of time knows that I am in particular.

577
00:26:35,760 --> 00:26:37,040
Speaker 1: And men have a disc golfer. You like to get

578
00:26:37,040 --> 00:26:39,399
Speaker 1: out there on occasion too, We would like to play together,

579
00:26:39,440 --> 00:26:41,920
Speaker 1: and uh, the sport is actually on the rise. There

580
00:26:41,960 --> 00:26:44,639
Speaker 1: was a recent Wall Street Journal front page article about

581
00:26:44,640 --> 00:26:47,040
Speaker 1: disc golf which made me really happy. And so yeah,

582
00:26:47,040 --> 00:26:49,920
Speaker 1: we would say specifically, cultivating a hobby that doesn't cost

583
00:26:50,000 --> 00:26:52,000
Speaker 1: a lot of money is a smart thing to do.

584
00:26:52,240 --> 00:26:54,280
Speaker 1: And I don't think we give enough time and effort

585
00:26:54,359 --> 00:26:56,960
Speaker 1: towards thinking through the additional costs that come with the

586
00:26:57,040 --> 00:26:59,920
Speaker 1: decisions that we make golf. You know, buying the club

587
00:27:00,240 --> 00:27:02,080
Speaker 1: and the balls is the least of your worries. It

588
00:27:02,320 --> 00:27:04,639
Speaker 1: is the greens feast that you're gonna pay. That's what

589
00:27:04,680 --> 00:27:07,399
Speaker 1: you should be nervous about, in all likelihood. And we

590
00:27:07,440 --> 00:27:10,760
Speaker 1: actually devoted an entire episode to kind of this thought

591
00:27:10,760 --> 00:27:11,920
Speaker 1: back in the day. I don't know if you listen

592
00:27:11,960 --> 00:27:13,600
Speaker 1: to a jest, because you'll listen to half the episodes.

593
00:27:13,760 --> 00:27:16,399
Speaker 1: It was episode forty eight, and it was called everything

594
00:27:16,440 --> 00:27:18,720
Speaker 1: Costs more than You Think, and specifically, well, one of

595
00:27:18,760 --> 00:27:20,119
Speaker 1: the things I love that we talked about during that

596
00:27:20,119 --> 00:27:22,119
Speaker 1: episode even still, like I still remember it was that

597
00:27:22,200 --> 00:27:25,320
Speaker 1: we talked about hard additional costs and then like the

598
00:27:25,320 --> 00:27:27,239
Speaker 1: soft additional costs. You can kind of choose your own

599
00:27:27,240 --> 00:27:29,119
Speaker 1: adventure on how much you're gonna pay. Like you can

600
00:27:29,160 --> 00:27:31,199
Speaker 1: be a golfer and not spend very much money, or

601
00:27:31,240 --> 00:27:33,080
Speaker 1: you can be an avid golfer and spend a lot,

602
00:27:33,160 --> 00:27:35,080
Speaker 1: right right, but bottom line, like, like if you want

603
00:27:35,080 --> 00:27:36,959
Speaker 1: to go golfing, you still have to buy clubs, right like,

604
00:27:37,000 --> 00:27:39,200
Speaker 1: and so like that's a hard cost but then there's

605
00:27:39,240 --> 00:27:42,040
Speaker 1: these softer costs associated with it as well. There's that pressure,

606
00:27:42,119 --> 00:27:45,640
Speaker 1: that societal pressure or the club pressure that like he's

607
00:27:45,680 --> 00:27:47,639
Speaker 1: pulling up in what kind of car to the club?

608
00:27:47,880 --> 00:27:49,800
Speaker 1: Was like how dare he? And so there are all

609
00:27:49,840 --> 00:27:52,600
Speaker 1: these additional factors that weigh on us that caused us

610
00:27:52,640 --> 00:27:54,720
Speaker 1: to spend more money than we actually want to. But

611
00:27:54,720 --> 00:27:57,000
Speaker 1: I'm glad to see that just he bucked that trend.

612
00:27:57,040 --> 00:27:59,480
Speaker 1: He got off that expensive golf habit and jumped on

613
00:27:59,520 --> 00:28:02,440
Speaker 1: that frugal when when you're hanging out with disc golfers,

614
00:28:02,880 --> 00:28:05,359
Speaker 1: the there are not very many temptations to spend more

615
00:28:05,400 --> 00:28:09,480
Speaker 1: money on generally is big people are drinking high life

616
00:28:09,520 --> 00:28:11,359
Speaker 1: on the course, like you know, just take a few discs.

617
00:28:11,400 --> 00:28:14,480
Speaker 1: It's it's it's basically the cheapest hobby, one of the

618
00:28:14,560 --> 00:28:16,919
Speaker 1: cheapest hobbies you can you can find besides maybe house plants.

619
00:28:16,960 --> 00:28:19,600
Speaker 1: But let's get to another tip. This one is also

620
00:28:19,680 --> 00:28:22,639
Speaker 1: about hobbies and how to like cultivate a family hobby

621
00:28:22,680 --> 00:28:25,399
Speaker 1: without spending too much. Hey, Matt and Joel and how

622
00:28:25,400 --> 00:28:28,919
Speaker 1: the money community. This is Andy from Utah. Congratulations on

623
00:28:28,960 --> 00:28:32,280
Speaker 1: five episodes. That's an awesome milestone. I wanted to share

624
00:28:32,280 --> 00:28:34,880
Speaker 1: a money saving strategy that our family has used over

625
00:28:34,920 --> 00:28:36,760
Speaker 1: the last few years that hopefully some of you can

626
00:28:36,800 --> 00:28:40,200
Speaker 1: apply to your lives. Our family loves to ski. My

627
00:28:40,200 --> 00:28:43,000
Speaker 1: wife and I have four children from three to ten

628
00:28:43,080 --> 00:28:45,719
Speaker 1: years old, and getting gear for all of them can

629
00:28:45,760 --> 00:28:48,840
Speaker 1: be super expensive if you buy it new. Our strategy

630
00:28:48,880 --> 00:28:50,640
Speaker 1: as we hit up the thrift stores at the end

631
00:28:50,640 --> 00:28:53,120
Speaker 1: of season and even at the beginning of the ski season,

632
00:28:53,480 --> 00:28:55,400
Speaker 1: as people are starting to go through their closets and

633
00:28:55,440 --> 00:28:58,160
Speaker 1: empty out all their old gear, we find boots for

634
00:28:58,200 --> 00:29:00,840
Speaker 1: as cheap as two to three dollars for kids, skis

635
00:29:00,880 --> 00:29:03,560
Speaker 1: for ten dollars. We've built a library in the attic

636
00:29:03,680 --> 00:29:06,080
Speaker 1: so that no matter what age and size our kids are,

637
00:29:06,320 --> 00:29:08,520
Speaker 1: we can just go up there, check out those skis,

638
00:29:08,800 --> 00:29:10,640
Speaker 1: use them for the season, put them back, and let

639
00:29:10,640 --> 00:29:12,720
Speaker 1: the next kid use them next year. So we've saved

640
00:29:12,720 --> 00:29:15,480
Speaker 1: a ton of money that way. The next thing it's

641
00:29:15,480 --> 00:29:18,480
Speaker 1: the most expensive is lift tickets. If you've been skiing lately,

642
00:29:18,600 --> 00:29:20,440
Speaker 1: especially in the West, you've seen that lift tickets that

643
00:29:20,480 --> 00:29:23,080
Speaker 1: can be crazy. It's up to two hundred dollars a

644
00:29:23,120 --> 00:29:25,600
Speaker 1: day to ski at some places. We don't have that

645
00:29:25,640 --> 00:29:27,600
Speaker 1: kind of money to pay for that. Even though This

646
00:29:27,680 --> 00:29:31,360
Speaker 1: is kind of our craft beer equivalent going skiing. Instead.

647
00:29:31,400 --> 00:29:33,240
Speaker 1: What we do is we ski at a smaller resort

648
00:29:33,440 --> 00:29:35,760
Speaker 1: that still has good enough to rain to challenge our kids,

649
00:29:36,240 --> 00:29:39,920
Speaker 1: but the benefit is kids twelve and under ski free there,

650
00:29:39,960 --> 00:29:42,120
Speaker 1: so we save a ton of money. That way. My

651
00:29:42,160 --> 00:29:44,040
Speaker 1: wife and I, with our three year old, are able

652
00:29:44,080 --> 00:29:46,160
Speaker 1: to get a parent share pass that allows both of

653
00:29:46,240 --> 00:29:49,040
Speaker 1: us to ski on that pass for the whole season

654
00:29:49,400 --> 00:29:52,400
Speaker 1: for only six hundred dollars. Another thing that's really cool

655
00:29:52,480 --> 00:29:55,320
Speaker 1: is in Utah, fifth graders and sixth graders can ski

656
00:29:55,400 --> 00:29:58,800
Speaker 1: all fifteen resorts for forty five dollars. I got the

657
00:29:58,800 --> 00:30:01,320
Speaker 1: companion pass that goes with that for six fifty and

658
00:30:01,360 --> 00:30:04,240
Speaker 1: so my daughter and I were able to ski thirteen

659
00:30:04,280 --> 00:30:07,720
Speaker 1: of the fifteen resorts in Utah for only seven hundred bucks.

660
00:30:08,400 --> 00:30:10,240
Speaker 1: So when you add all of that up and look

661
00:30:10,280 --> 00:30:12,960
Speaker 1: at this whole year, our family skied about a hundred

662
00:30:13,000 --> 00:30:15,640
Speaker 1: and twenty days total between the six of us, and

663
00:30:15,680 --> 00:30:19,280
Speaker 1: we paid less than fourteen dollars a person to ski

664
00:30:19,440 --> 00:30:22,400
Speaker 1: all winter. Now, you guys might not ski, you might

665
00:30:22,440 --> 00:30:24,600
Speaker 1: be doing something else with your family, but hopefully you

666
00:30:24,600 --> 00:30:26,480
Speaker 1: can take some of these tips and tricks and apply

667
00:30:26,560 --> 00:30:28,320
Speaker 1: them to whatever you like to do to get out

668
00:30:28,840 --> 00:30:31,000
Speaker 1: and save some money. Thanks a lot. I hope you

669
00:30:31,000 --> 00:30:33,480
Speaker 1: guys have a great day. Thank you Andy. We are

670
00:30:33,640 --> 00:30:36,480
Speaker 1: having a wonderful day today, and I gotta saying due.

671
00:30:36,520 --> 00:30:40,640
Speaker 1: Of course, I'm aresodes baby, can you believe it? I

672
00:30:40,640 --> 00:30:43,720
Speaker 1: mean really, it's kind of ridiculous. It's been a long time,

673
00:30:44,080 --> 00:30:46,560
Speaker 1: but it's awesome. And I want Andy, I want to

674
00:30:46,560 --> 00:30:49,160
Speaker 1: commend you because a ski library up in the attic

675
00:30:49,400 --> 00:30:52,360
Speaker 1: is like the nerdiest, most bad a thing that I've

676
00:30:52,400 --> 00:30:56,200
Speaker 1: heard all day. Uh seriously, I love the just imagining

677
00:30:56,200 --> 00:30:58,640
Speaker 1: you going up there and you just got all the skis,

678
00:30:58,720 --> 00:31:00,680
Speaker 1: like I don't know, leaned up against the rafter on

679
00:31:00,720 --> 00:31:02,800
Speaker 1: the roof, so they're all like displayed nicely. It's like

680
00:31:03,120 --> 00:31:05,760
Speaker 1: take your pick which one would marked on masking tape

681
00:31:05,840 --> 00:31:09,160
Speaker 1: or whatever. Yes, I love that. And of course thrift

682
00:31:09,200 --> 00:31:12,040
Speaker 1: stores so underrated. It's incredible how much money you can

683
00:31:12,080 --> 00:31:15,200
Speaker 1: save by just taking you stuff off of someone else's

684
00:31:15,240 --> 00:31:18,000
Speaker 1: hands for super cheap. But also you know thrist stores

685
00:31:18,000 --> 00:31:20,800
Speaker 1: are underrated, but getting organized and having systems in place

686
00:31:21,000 --> 00:31:24,800
Speaker 1: that is incredibly underrated as well, like a true organizational

687
00:31:25,320 --> 00:31:27,920
Speaker 1: as a freak, like I think that's why I just

688
00:31:28,000 --> 00:31:30,440
Speaker 1: doesn't really appeal to It's like, oh, yeah, you're speaking

689
00:31:30,480 --> 00:31:32,280
Speaker 1: my language. I could tell while you were listening to

690
00:31:32,280 --> 00:31:35,800
Speaker 1: his tip you were like, huh so literally it makes

691
00:31:35,800 --> 00:31:38,280
Speaker 1: me vigorous. There was I think it was a Tumbler

692
00:31:38,320 --> 00:31:40,760
Speaker 1: accounts that I used to follow, remember Tumbler back in

693
00:31:40,800 --> 00:31:44,600
Speaker 1: the day, but it was called Things Organized Neatly And

694
00:31:45,040 --> 00:31:49,440
Speaker 1: I got my organizational nerdyiness fixed for sure by keeping

695
00:31:49,520 --> 00:31:51,000
Speaker 1: up with him. Well, I think the cool thing about

696
00:31:51,000 --> 00:31:53,280
Speaker 1: what and he's doing is that what what he's doing

697
00:31:53,320 --> 00:31:57,280
Speaker 1: could be considered horder material, right, Like, here's what I'm saying.

698
00:31:57,280 --> 00:31:58,880
Speaker 1: It could be if he didn't do it right. But

699
00:31:58,960 --> 00:32:01,000
Speaker 1: the way he's doing it means that he's not going

700
00:32:01,000 --> 00:32:03,440
Speaker 1: into order territory. Because if you're just like snagging all

701
00:32:03,440 --> 00:32:05,800
Speaker 1: the skis of any size that you can, and you're

702
00:32:05,880 --> 00:32:08,920
Speaker 1: dumping them in a corner, remote corner of your home,

703
00:32:09,400 --> 00:32:12,240
Speaker 1: and you rarely actually check in to see what you've got,

704
00:32:12,400 --> 00:32:13,640
Speaker 1: then you just got a bunch of skis that you

705
00:32:13,720 --> 00:32:15,840
Speaker 1: never used. But he's turned it into a library, That's

706
00:32:15,880 --> 00:32:17,960
Speaker 1: what he said, And so I'm like, all right, he's cataloged.

707
00:32:18,000 --> 00:32:20,200
Speaker 1: He goes up to the actual card catalog it's like, yeah,

708
00:32:20,240 --> 00:32:21,760
Speaker 1: I'm pretty sure we have a size of leven up

709
00:32:21,760 --> 00:32:24,760
Speaker 1: here somewhere exactly. So I appreciate that. I really dig

710
00:32:24,880 --> 00:32:27,400
Speaker 1: kind of the fact that he has created a system

711
00:32:27,440 --> 00:32:29,240
Speaker 1: with it, because super cool. If not, it could just

712
00:32:29,280 --> 00:32:32,760
Speaker 1: be overboard. So Andy, that's awesome. By the way, for

713
00:32:32,800 --> 00:32:34,240
Speaker 1: other folks out there, just makes me think of the

714
00:32:34,240 --> 00:32:37,080
Speaker 1: fact that fourth graders get into national parks for free.

715
00:32:38,280 --> 00:32:40,120
Speaker 1: So this year coming up for you and me, we

716
00:32:40,200 --> 00:32:42,800
Speaker 1: got fourth graders, and so it's one of those things

717
00:32:42,840 --> 00:32:46,040
Speaker 1: that the fourth graders and their families, So make sure

718
00:32:46,040 --> 00:32:47,520
Speaker 1: to check into that if you have a kid in

719
00:32:47,600 --> 00:32:49,560
Speaker 1: fourth grade. And if you don't live in Utah, by

720
00:32:49,560 --> 00:32:51,800
Speaker 1: the way, and you can't take advantage of some of

721
00:32:51,840 --> 00:32:55,040
Speaker 1: the money saving ski tips that Andy mentioned, there is

722
00:32:55,160 --> 00:32:57,200
Speaker 1: one thing I can offer that's maybe a little bit

723
00:32:57,240 --> 00:32:59,600
Speaker 1: helpful with lift Topia is a place where you can

724
00:32:59,600 --> 00:33:01,640
Speaker 1: buy lift tickets in advance for a little bit less money.

725
00:33:01,720 --> 00:33:04,240
Speaker 1: Left tickets are expensive right now, So the fact that

726
00:33:04,280 --> 00:33:06,280
Speaker 1: Andy and his family have been able to ski that

727
00:33:06,320 --> 00:33:10,160
Speaker 1: many days for so little money is just like ridiculously impressive. Yeah, honestly,

728
00:33:10,240 --> 00:33:11,760
Speaker 1: my my job kind of dropped when I heard him

729
00:33:11,760 --> 00:33:13,720
Speaker 1: saying how much money he had actually spent, because I'm like,

730
00:33:13,720 --> 00:33:16,240
Speaker 1: holy crap, like that is a ton of money to

731
00:33:16,280 --> 00:33:20,200
Speaker 1: spend on one single activity, skiing specifically. But he also

732
00:33:20,240 --> 00:33:22,680
Speaker 1: pointed out how that for them, that was their craft

733
00:33:22,680 --> 00:33:25,960
Speaker 1: beer equivalent. A but B. I think I would probably

734
00:33:25,960 --> 00:33:28,520
Speaker 1: have learned the lesson the hard way, which is, Okay,

735
00:33:28,560 --> 00:33:30,520
Speaker 1: we're not gonna we're not gonna drop the big money

736
00:33:30,560 --> 00:33:33,200
Speaker 1: on Daniel Pass and instead kind of like nickel and

737
00:33:33,240 --> 00:33:36,280
Speaker 1: diamond here and there or as for him. Because of

738
00:33:36,320 --> 00:33:38,480
Speaker 1: how much they actually do ski and you divide it

739
00:33:38,480 --> 00:33:40,560
Speaker 1: out to how many days they have skied, it comes

740
00:33:40,560 --> 00:33:43,200
Speaker 1: out to be such a more affordable way to do

741
00:33:43,280 --> 00:33:45,960
Speaker 1: that activity. I'm pointing this out because I think in

742
00:33:46,200 --> 00:33:49,040
Speaker 1: an attempt to be frugal, you could actually go down

743
00:33:49,120 --> 00:33:52,160
Speaker 1: the path of being cheap, whether that means not doing

744
00:33:52,200 --> 00:33:54,840
Speaker 1: something that you really really really love doing with your

745
00:33:54,880 --> 00:33:58,320
Speaker 1: family or actually quite literally spending more money because you're

746
00:33:58,360 --> 00:34:00,120
Speaker 1: paying for it more Alec Hart as a is to

747
00:34:00,160 --> 00:34:02,320
Speaker 1: committing to it. That's right, I did. Yeah, you get

748
00:34:02,360 --> 00:34:04,360
Speaker 1: to go as often as you like under Andy system,

749
00:34:04,360 --> 00:34:06,680
Speaker 1: and it sounds like they take full advantage. So thanks

750
00:34:06,680 --> 00:34:09,239
Speaker 1: for sharing that, Andy art Met. Let's get to another tip,

751
00:34:09,280 --> 00:34:13,040
Speaker 1: and this one is actually kind of a suggestion for couples. Hey,

752
00:34:13,040 --> 00:34:15,960
Speaker 1: Matt and Jewel, this is Tyler from San Diego, California,

753
00:34:16,200 --> 00:34:19,399
Speaker 1: longtime listeners since the poor not four days, my money

754
00:34:19,440 --> 00:34:21,960
Speaker 1: tip for your five episode is to set up a

755
00:34:22,000 --> 00:34:25,719
Speaker 1: monthly marriage money meeting. When it's on the calendar. You

756
00:34:25,719 --> 00:34:28,360
Speaker 1: could listen to your spouse. It's good to get on

757
00:34:28,400 --> 00:34:30,600
Speaker 1: the same page and make sure you're set with the

758
00:34:30,800 --> 00:34:33,879
Speaker 1: months priorities. I know a lot of times us money

759
00:34:33,880 --> 00:34:35,600
Speaker 1: nerds love to live in our spreadsheets, but a lot

760
00:34:35,600 --> 00:34:37,160
Speaker 1: of times we've gotta make sure we listen to our

761
00:34:37,480 --> 00:34:40,440
Speaker 1: partners wants and needs and make sure around the same page.

762
00:34:40,480 --> 00:34:44,359
Speaker 1: So thanks a lot, have a good uh, Tyler, thank

763
00:34:44,400 --> 00:34:48,040
Speaker 1: you for being such a long time listener. I'm surprised.

764
00:34:48,040 --> 00:34:49,880
Speaker 1: I'm always shocked when someone's like I go back to

765
00:34:49,960 --> 00:34:52,120
Speaker 1: episode eight or something like that. I'm like, how did

766
00:34:52,160 --> 00:34:55,520
Speaker 1: you make it? We barely made it three? Right, But Tyler,

767
00:34:55,560 --> 00:34:58,680
Speaker 1: this is such a spot on suggestion. Another that is,

768
00:34:58,800 --> 00:35:01,879
Speaker 1: you know, highlighting the important of effective systems, just like

769
00:35:02,000 --> 00:35:04,560
Speaker 1: Andy had with his skis. But it is so easy

770
00:35:04,640 --> 00:35:06,759
Speaker 1: to get hyper focused in the nitty gritty day to

771
00:35:06,840 --> 00:35:09,799
Speaker 1: day that you forget to to look up and reassess

772
00:35:09,960 --> 00:35:13,200
Speaker 1: which direction you're you're going in. It's obviously clearly important

773
00:35:13,200 --> 00:35:15,680
Speaker 1: to track your spending, making sure you're hitting your numbers. Um,

774
00:35:15,680 --> 00:35:17,719
Speaker 1: But what are your big goals? You know, not only

775
00:35:17,800 --> 00:35:20,759
Speaker 1: as an individual but also with your partner if you

776
00:35:20,840 --> 00:35:22,880
Speaker 1: have one, that's really important to keep in mind, and

777
00:35:22,920 --> 00:35:26,920
Speaker 1: having those regular checkens is clutch. Yeah. And and honestly,

778
00:35:27,239 --> 00:35:29,000
Speaker 1: one of the things you can do, and my wife

779
00:35:29,000 --> 00:35:30,400
Speaker 1: and I try to do is get away once a

780
00:35:30,480 --> 00:35:33,040
Speaker 1: year two for some of those bigger like State of

781
00:35:33,080 --> 00:35:35,160
Speaker 1: the Union sort of conversations that we have, you know,

782
00:35:35,360 --> 00:35:38,200
Speaker 1: not not like the boring presidential address where there's like,

783
00:35:38,320 --> 00:35:42,160
Speaker 1: you know, eighty two applause breaks, but but one where

784
00:35:42,239 --> 00:35:43,719
Speaker 1: it's like I got out five words, guys, and you're

785
00:35:43,719 --> 00:35:47,279
Speaker 1: clapping again exactly and so um, which my wife does

786
00:35:47,280 --> 00:35:50,000
Speaker 1: give me standing animations on occasion. But but this is

787
00:35:50,000 --> 00:35:51,680
Speaker 1: just one of those things we're getting away to talk

788
00:35:51,680 --> 00:35:54,279
Speaker 1: about some of those bigger goals and kind of reassessing,

789
00:35:54,320 --> 00:35:56,359
Speaker 1: like are we heading in the right direction. Because once

790
00:35:56,400 --> 00:35:58,160
Speaker 1: you get some of those habits in place, it's not

791
00:35:58,360 --> 00:36:00,279
Speaker 1: too difficult to keep them going. But and you have

792
00:36:00,320 --> 00:36:02,200
Speaker 1: to kind of pull back out and reassess every once

793
00:36:02,239 --> 00:36:03,800
Speaker 1: in a while, like, are we still like moving in

794
00:36:03,840 --> 00:36:06,160
Speaker 1: the direction we want to go? So let's give you

795
00:36:06,239 --> 00:36:09,600
Speaker 1: another tip, Matt. Another listener tip. This one is about

796
00:36:09,640 --> 00:36:12,680
Speaker 1: traveling for free. Hi, Joelan Matt, this is Anthony from

797
00:36:12,680 --> 00:36:15,000
Speaker 1: New York Love the Show. I wanted to share with

798
00:36:15,040 --> 00:36:17,000
Speaker 1: the listeners how my wife and I were able to

799
00:36:17,000 --> 00:36:19,520
Speaker 1: book a flight from New York to Texas nearly for

800
00:36:19,560 --> 00:36:22,560
Speaker 1: free for our family of four. Knowing we would be

801
00:36:22,600 --> 00:36:24,920
Speaker 1: making this trip in the early part of the summer,

802
00:36:25,160 --> 00:36:28,239
Speaker 1: I opened up a Chase Sapphire card about seven months ago.

803
00:36:28,360 --> 00:36:30,640
Speaker 1: We met the minimum spend required in to get the

804
00:36:30,719 --> 00:36:34,000
Speaker 1: sixty tho bonus points by using this one card for

805
00:36:34,080 --> 00:36:37,239
Speaker 1: basically every purchase we made, well of course, not using

806
00:36:37,280 --> 00:36:39,759
Speaker 1: it for anything we would not be buying anyway, and

807
00:36:39,840 --> 00:36:42,680
Speaker 1: paying off the balance every month. Well, I know that

808
00:36:42,719 --> 00:36:45,440
Speaker 1: this strategy will not be new too many. I don't

809
00:36:45,440 --> 00:36:49,319
Speaker 1: often hear anyone talk about the Chase referral system that

810
00:36:49,360 --> 00:36:52,600
Speaker 1: can get you even more bonus points. So after we

811
00:36:52,719 --> 00:36:55,200
Speaker 1: met the minimum spend on the card in my name,

812
00:36:55,680 --> 00:36:59,120
Speaker 1: I referred my wife, which got us another fifteen thousand

813
00:36:59,160 --> 00:37:02,799
Speaker 1: reward points. After that, we repeated the process to meet

814
00:37:02,840 --> 00:37:05,600
Speaker 1: the minimum spend for her card, which gave us over

815
00:37:05,640 --> 00:37:08,960
Speaker 1: a hundred and thirty five thousand bonus points total. This

816
00:37:09,000 --> 00:37:11,600
Speaker 1: will allow my family afford to fly round trip from

817
00:37:11,600 --> 00:37:14,960
Speaker 1: New York to Texas for virtually nothing. Thanks for listening

818
00:37:14,960 --> 00:37:18,080
Speaker 1: and keep up the good work, guys. Anthony, thank you

819
00:37:18,080 --> 00:37:20,640
Speaker 1: so much for that tip. And we agree free flights

820
00:37:20,760 --> 00:37:23,160
Speaker 1: totally rock. There. There are lots of ways to make

821
00:37:23,200 --> 00:37:25,920
Speaker 1: this happen. And you know, like like Anthony said, but

822
00:37:25,960 --> 00:37:28,640
Speaker 1: we're we're all about signing up for that credit card

823
00:37:28,640 --> 00:37:30,839
Speaker 1: in order to get free flights, which can you know

824
00:37:30,840 --> 00:37:32,799
Speaker 1: this can save you hundreds of dollars or even more.

825
00:37:33,120 --> 00:37:36,160
Speaker 1: But Anthony, you are so right that referring your spouse

826
00:37:36,360 --> 00:37:39,360
Speaker 1: can provide a huge additional chunk of points to your total,

827
00:37:39,640 --> 00:37:42,080
Speaker 1: allowing you to travel even more for free. Most folks

828
00:37:42,120 --> 00:37:43,680
Speaker 1: they forget that, or you know, maybe they just get

829
00:37:43,680 --> 00:37:46,280
Speaker 1: that joint credit card. But that means that you can't

830
00:37:46,280 --> 00:37:49,399
Speaker 1: then refer your significant other, which would prevent you from

831
00:37:49,480 --> 00:37:51,839
Speaker 1: scoring that deal a second time. That's right, And one

832
00:37:51,880 --> 00:37:54,600
Speaker 1: of the things Anthony mentioned too was planning ahead because

833
00:37:54,960 --> 00:37:57,600
Speaker 1: it's really hard to you know, know that you need

834
00:37:57,640 --> 00:38:00,799
Speaker 1: to buy flights on Friday, and you're should I get

835
00:38:00,800 --> 00:38:02,680
Speaker 1: that credit card now? And it's like, well, they're gonna

836
00:38:02,680 --> 00:38:03,919
Speaker 1: work out. We're gonna be able to meet the spend

837
00:38:03,920 --> 00:38:06,160
Speaker 1: requirement that time and the points will not be you know,

838
00:38:06,160 --> 00:38:08,319
Speaker 1: accruded to your account. So you have to make sure

839
00:38:08,320 --> 00:38:11,160
Speaker 1: you're planning in advance for for these things. But yeah,

840
00:38:11,160 --> 00:38:13,160
Speaker 1: opening up that card, getting a sign up bonus referring

841
00:38:13,200 --> 00:38:16,200
Speaker 1: your spouse, getting more sign up bonus points um for

842
00:38:16,320 --> 00:38:18,880
Speaker 1: stuff like Anthony said, they're going to spend on anyway.

843
00:38:19,120 --> 00:38:21,280
Speaker 1: That's a great tip, Anthony, thank you so much for sharing.

844
00:38:21,440 --> 00:38:23,520
Speaker 1: But Matt, let's keep going. We got more listener tips

845
00:38:23,560 --> 00:38:25,640
Speaker 1: to get to because you know they're sending a great ones.

846
00:38:25,680 --> 00:38:29,120
Speaker 1: So so let's hear from Mike, Dan, john and Gabrielle.

847
00:38:29,320 --> 00:38:40,600
Speaker 1: We'll get to those right after this break. Joel must

848
00:38:40,680 --> 00:38:42,560
Speaker 1: know the old school radio thing. It's calling out the

849
00:38:42,600 --> 00:38:44,480
Speaker 1: callers who are just like, just keep haying it onto

850
00:38:44,480 --> 00:38:46,759
Speaker 1: the line. Okay, can't can't take the live radio out

851
00:38:46,800 --> 00:38:49,560
Speaker 1: of the podcast host. It almost sounded like your name

852
00:38:49,600 --> 00:38:52,880
Speaker 1: of the members of the band, Mike, Dan, Johnny, Gabrielle.

853
00:38:53,880 --> 00:38:56,279
Speaker 1: But for real, Our next listener tip is here from

854
00:38:56,400 --> 00:38:59,200
Speaker 1: listener Mike, he is going to share a number of

855
00:38:59,280 --> 00:39:01,600
Speaker 1: his tips that he is implemented over the past few years.

856
00:39:02,080 --> 00:39:05,560
Speaker 1: Hey there, Joel and Matt. Mike from Cincinnati here. I've

857
00:39:05,560 --> 00:39:08,400
Speaker 1: been a dedicated listener since You're Poor not Poor days

858
00:39:08,480 --> 00:39:11,920
Speaker 1: and found your message extremely helpful. You guys have spurred

859
00:39:11,960 --> 00:39:15,760
Speaker 1: many influential changes in my family's economic habits over the years.

860
00:39:16,280 --> 00:39:19,040
Speaker 1: Here's a quick list of a few things that we've

861
00:39:19,080 --> 00:39:22,680
Speaker 1: done thanks to your help and advice. We changed our

862
00:39:22,719 --> 00:39:25,279
Speaker 1: savings from a big bank to c I T for

863
00:39:25,320 --> 00:39:28,240
Speaker 1: better rates. We got the m X Blue Cash Preferred

864
00:39:28,280 --> 00:39:30,920
Speaker 1: card at the beginning of the pandemic for huge savings

865
00:39:30,920 --> 00:39:34,480
Speaker 1: on groceries, and we opened other credit cards and savings

866
00:39:34,480 --> 00:39:37,840
Speaker 1: accounts for the sign of bonuses. We also started asking

867
00:39:37,840 --> 00:39:40,560
Speaker 1: for discounts on medical bills, saving us a couple of

868
00:39:40,640 --> 00:39:43,920
Speaker 1: thousand over the last few years. We made sure to

869
00:39:44,000 --> 00:39:46,960
Speaker 1: pay ourselves first by maxing out our Wrath I ra as,

870
00:39:47,480 --> 00:39:51,680
Speaker 1: then contribute to five and other investments. And we also

871
00:39:51,760 --> 00:39:54,600
Speaker 1: did a huge I bond in the fall with over

872
00:39:54,800 --> 00:39:58,200
Speaker 1: seven return rate. With that and last but not least,

873
00:39:58,239 --> 00:40:02,319
Speaker 1: we're gonna soon start investing and dow through Vanguard. Keep

874
00:40:02,440 --> 00:40:06,600
Speaker 1: enjoying this craft of beers guys prost Mike, that's so awesome, man,

875
00:40:06,640 --> 00:40:08,880
Speaker 1: Thank thank you for running through all of the amazing

876
00:40:08,880 --> 00:40:10,560
Speaker 1: things you've done. It's not a lot of great personal

877
00:40:10,560 --> 00:40:12,799
Speaker 1: finance work in your life stuff that we have said

878
00:40:12,840 --> 00:40:15,359
Speaker 1: over the years. You know that we are huge fans

879
00:40:15,360 --> 00:40:16,640
Speaker 1: of so many of the things that, Yeah, I get

880
00:40:16,680 --> 00:40:19,759
Speaker 1: talked about on this show. And and I think when

881
00:40:19,760 --> 00:40:21,960
Speaker 1: I sat back, I think what Mike was just talking about.

882
00:40:21,960 --> 00:40:24,640
Speaker 1: He's basically talking about a lot of tools that he

883
00:40:24,680 --> 00:40:26,920
Speaker 1: and his family are using to get better with money.

884
00:40:26,960 --> 00:40:29,400
Speaker 1: And it's pretty incredible how using the right tool can

885
00:40:29,440 --> 00:40:31,680
Speaker 1: make a job that used to be like an ownerous

886
00:40:31,760 --> 00:40:34,319
Speaker 1: one a really difficult one go much more smoothly. It's

887
00:40:34,320 --> 00:40:36,560
Speaker 1: like trying to build a deck with a box of

888
00:40:36,640 --> 00:40:39,319
Speaker 1: nails and a hammer versus like a new fangled nail

889
00:40:39,360 --> 00:40:41,680
Speaker 1: gun is going to make a big difference. Like, you know,

890
00:40:41,719 --> 00:40:43,799
Speaker 1: even even though I'm less skilled than you, Matt at

891
00:40:44,040 --> 00:40:46,399
Speaker 1: home improvement projects, I think I would still finish first

892
00:40:46,440 --> 00:40:48,000
Speaker 1: if we were, you know, put together. I had the

893
00:40:48,040 --> 00:40:49,719
Speaker 1: nail gun and you had the hammer and nails. Oh yeah,

894
00:40:49,760 --> 00:40:52,600
Speaker 1: I guarantee it. So yeah and so so yeah, take

895
00:40:52,600 --> 00:40:55,200
Speaker 1: a lesson from Mike used the best tools for the

896
00:40:55,280 --> 00:40:57,279
Speaker 1: job in your personal finance life, and that I think

897
00:40:57,320 --> 00:41:00,360
Speaker 1: will go a long way towards alleviating so of the

898
00:41:00,360 --> 00:41:02,200
Speaker 1: pains you feel. Yeah, and for Mike, that means just

899
00:41:02,239 --> 00:41:04,239
Speaker 1: a ton of different moves that he's made with his money, uh,

900
00:41:04,440 --> 00:41:06,640
Speaker 1: things that he's accomplished over the years, which kind of

901
00:41:06,719 --> 00:41:09,040
Speaker 1: raises another quick point here, and that is that Mike,

902
00:41:09,160 --> 00:41:10,960
Speaker 1: like he said, he's been listening to the podcast since

903
00:41:10,960 --> 00:41:14,359
Speaker 1: twenty eighteen. Basically that is a crazy long time, but

904
00:41:14,400 --> 00:41:17,000
Speaker 1: he has used that time wisely. Uh. Like, I say

905
00:41:17,000 --> 00:41:19,359
Speaker 1: this because we don't want folks to get overwhelmed with

906
00:41:19,560 --> 00:41:22,279
Speaker 1: all of the awesome moves that Mike has made. You

907
00:41:22,320 --> 00:41:24,640
Speaker 1: could also be in a really great position after just

908
00:41:24,680 --> 00:41:27,000
Speaker 1: a few years of doing the right things with your money.

909
00:41:27,200 --> 00:41:28,600
Speaker 1: And so I say that because I want folks to

910
00:41:28,640 --> 00:41:30,719
Speaker 1: know that it's a marathon, it's not a sprint. He

911
00:41:30,760 --> 00:41:32,600
Speaker 1: has had four years to do. You know, even if

912
00:41:32,640 --> 00:41:35,400
Speaker 1: you do something different with your money like every quarter,

913
00:41:35,680 --> 00:41:37,600
Speaker 1: right or every like I don't know, every six months,

914
00:41:37,600 --> 00:41:40,520
Speaker 1: say I'm going to commit to making this large change

915
00:41:40,560 --> 00:41:43,959
Speaker 1: in my life, you could easily have a laundry list

916
00:41:44,000 --> 00:41:45,680
Speaker 1: like Mike did of all the awesome things that you've

917
00:41:45,680 --> 00:41:47,520
Speaker 1: been able to make progress. And yeah, we talk a

918
00:41:47,560 --> 00:41:49,560
Speaker 1: lot about a lot of stuff every week on the show,

919
00:41:49,640 --> 00:41:52,759
Speaker 1: and we certainly don't expect that you follow through and

920
00:41:52,800 --> 00:41:56,279
Speaker 1: do something every time comes out of our mouth. But

921
00:41:56,400 --> 00:41:59,400
Speaker 1: for for Mike, doing little things over time, over the

922
00:41:59,480 --> 00:42:01,640
Speaker 1: years has made an impact. And yeah, it's not an

923
00:42:01,680 --> 00:42:04,799
Speaker 1: overnight impact, Matt. It is one of those slower races, right.

924
00:42:04,840 --> 00:42:06,920
Speaker 1: We're trying to be the turtle here and not not

925
00:42:07,080 --> 00:42:09,520
Speaker 1: the hair. But let's get to another listener tip. This

926
00:42:09,560 --> 00:42:12,360
Speaker 1: one is about credit cards from a listener in Texas.

927
00:42:13,040 --> 00:42:15,280
Speaker 1: This is Dan from Houston, Texas giving you some credit

928
00:42:15,280 --> 00:42:17,719
Speaker 1: card tips. If you're planning to sign up for a card,

929
00:42:17,800 --> 00:42:20,120
Speaker 1: make sure you can meet the minimum spin for the

930
00:42:20,160 --> 00:42:22,400
Speaker 1: sign up bonus. Make sure you do a bit of

931
00:42:22,440 --> 00:42:25,160
Speaker 1: research and to make sure that you're getting the best

932
00:42:25,200 --> 00:42:27,360
Speaker 1: offer out there. Sometimes you can get a better offer

933
00:42:27,400 --> 00:42:31,279
Speaker 1: through certain referrals. Next up, stack cash back apps. To

934
00:42:31,600 --> 00:42:35,560
Speaker 1: maximize cash back, I use Josh roc Utin, get Upside,

935
00:42:35,560 --> 00:42:37,640
Speaker 1: and Google pay, which all can be used together. And

936
00:42:37,719 --> 00:42:41,319
Speaker 1: that's on top of your credit card rewards. Also, if

937
00:42:41,360 --> 00:42:44,000
Speaker 1: you have a annual feed card and plan on canceling

938
00:42:44,080 --> 00:42:47,040
Speaker 1: that after you receive the annual statement fee, ask for

939
00:42:47,080 --> 00:42:49,680
Speaker 1: a retention offer. You'd be surprised what they'll offer you.

940
00:42:50,440 --> 00:42:53,279
Speaker 1: And lastly, and most importantly, pay your statement in full.

941
00:42:53,400 --> 00:42:55,680
Speaker 1: Otherwise it's not worth it. You'll be giving away all

942
00:42:55,719 --> 00:42:59,000
Speaker 1: your cash back by paying interest to the credit card company. Yeah,

943
00:42:59,000 --> 00:43:00,960
Speaker 1: that's right. When you sign up for a credit card

944
00:43:00,960 --> 00:43:03,759
Speaker 1: can make a big difference. Uh, Dan, your spot on.

945
00:43:04,000 --> 00:43:05,800
Speaker 1: You have to keep in mind that you've got to

946
00:43:05,800 --> 00:43:08,440
Speaker 1: be able to actually, you know, meet those spin requirements

947
00:43:08,480 --> 00:43:11,000
Speaker 1: in order to actually score that sign up bonus. It's

948
00:43:11,000 --> 00:43:13,440
Speaker 1: helpful if you can align a large expense that you

949
00:43:13,520 --> 00:43:16,640
Speaker 1: know that you've got coming up with procuring a new card,

950
00:43:16,680 --> 00:43:18,440
Speaker 1: like that planning ahead we were talking about earlier with

951
00:43:18,480 --> 00:43:21,040
Speaker 1: another listener exactly. Yeah, and also will link to those

952
00:43:21,080 --> 00:43:23,719
Speaker 1: different cashback apps that Dan mentioned in the show notes

953
00:43:24,120 --> 00:43:26,640
Speaker 1: as well. You know, we're we're not as diligent on

954
00:43:26,680 --> 00:43:29,239
Speaker 1: that front, but we really appreciate that suggestion, and it

955
00:43:29,360 --> 00:43:31,839
Speaker 1: is awesome to hear that that's something that you can

956
00:43:31,840 --> 00:43:33,879
Speaker 1: stack on top of the different benefits that you get

957
00:43:33,920 --> 00:43:35,799
Speaker 1: with your credit cards. So he's kind of got like

958
00:43:35,840 --> 00:43:38,319
Speaker 1: that double words score going on, and I love that.

959
00:43:38,320 --> 00:43:40,520
Speaker 1: That's that's exactly what it is. Yeah, double word score

960
00:43:40,840 --> 00:43:43,160
Speaker 1: and and and the last thing he mentioned is Key

961
00:43:43,239 --> 00:43:46,480
Speaker 1: said credit card rewards. They look so so delicious, like

962
00:43:46,520 --> 00:43:50,240
Speaker 1: you so want those delicious like this beer eight points

963
00:43:50,280 --> 00:43:52,040
Speaker 1: or seven hundred fifty dollars in cash back for the

964
00:43:52,080 --> 00:43:54,879
Speaker 1: sign up bonus. Oh it's so good. But really you're

965
00:43:54,880 --> 00:43:57,960
Speaker 1: only hurting yourself if you use credit cards improperly. You

966
00:43:58,000 --> 00:44:00,600
Speaker 1: don't pay them off in full and on time each month,

967
00:44:00,640 --> 00:44:03,640
Speaker 1: like those credit card rewards. They sound nice, but in

968
00:44:03,680 --> 00:44:07,200
Speaker 1: reality it's something that has enticed you into poor mooney management.

969
00:44:07,200 --> 00:44:08,400
Speaker 1: And we don't want that to be the case. So

970
00:44:08,440 --> 00:44:11,279
Speaker 1: you have to use credit cards properly in order to

971
00:44:11,400 --> 00:44:13,920
Speaker 1: actually be able to realize the benefit without some of

972
00:44:13,920 --> 00:44:16,759
Speaker 1: those downsides. All right, man, let's get to another one.

973
00:44:16,800 --> 00:44:19,160
Speaker 1: And this is kind of more of a meta take

974
00:44:19,760 --> 00:44:23,479
Speaker 1: on how we talk about money. Hi, Matt and Joel.

975
00:44:24,120 --> 00:44:27,560
Speaker 1: This is John from Mountain View, California, And first of all,

976
00:44:27,560 --> 00:44:31,160
Speaker 1: congratulations on five hundred episodes. I've learned a lot from

977
00:44:31,239 --> 00:44:34,920
Speaker 1: your show and from your listeners, and I'm looking forward

978
00:44:35,000 --> 00:44:40,200
Speaker 1: to the next five hundred. My money tip or advice

979
00:44:40,480 --> 00:44:44,880
Speaker 1: is really exactly that if you don't know, ask for

980
00:44:44,920 --> 00:44:48,080
Speaker 1: advice from someone who does. I've gotten lots of great

981
00:44:48,120 --> 00:44:51,680
Speaker 1: advice from you, guys and from your listeners and UM.

982
00:44:51,719 --> 00:44:53,879
Speaker 1: I recently had a situation where I sold a piece

983
00:44:53,920 --> 00:44:56,879
Speaker 1: of property and I was wondering about the tax implications.

984
00:44:56,920 --> 00:44:59,640
Speaker 1: It was a little bit complicated and I had no

985
00:44:59,719 --> 00:45:04,800
Speaker 1: idea you, and so I just simply called googled, a

986
00:45:04,880 --> 00:45:09,279
Speaker 1: C p A and a tax expert who charged four

987
00:45:10,080 --> 00:45:13,200
Speaker 1: an hour, which blew my mind. But he said he

988
00:45:13,200 --> 00:45:15,320
Speaker 1: could take care of my question and maybe fifteen minutes

989
00:45:15,400 --> 00:45:17,440
Speaker 1: or so when I explained what it was. So we

990
00:45:17,520 --> 00:45:20,160
Speaker 1: ended up charging me about a hundred bucks, but ended

991
00:45:20,200 --> 00:45:23,400
Speaker 1: up saving me about fifteen thousand dollars and taxes I

992
00:45:23,440 --> 00:45:26,040
Speaker 1: thought I might have had to pay otherwise, So what

993
00:45:26,280 --> 00:45:29,840
Speaker 1: turned out to be a small expense I think saved

994
00:45:29,880 --> 00:45:33,560
Speaker 1: me in the end. So my advice is simply asked

995
00:45:33,880 --> 00:45:37,040
Speaker 1: for advice if you don't know. Thanks, guys, ask for advice.

996
00:45:37,200 --> 00:45:39,719
Speaker 1: I love it, John, You know John suggestion. It makes

997
00:45:39,760 --> 00:45:42,440
Speaker 1: me think of like the stereotypical male who might choose

998
00:45:42,480 --> 00:45:44,759
Speaker 1: not to stop and ask for directions if you look

999
00:45:44,800 --> 00:45:49,440
Speaker 1: at me in like the eighties type of movie. Um, Like,

1000
00:45:49,480 --> 00:45:51,880
Speaker 1: obviously we all used ways these days, but you know,

1001
00:45:51,920 --> 00:45:54,720
Speaker 1: in that old school example, it's clear that just stopping

1002
00:45:54,719 --> 00:45:56,719
Speaker 1: at a gas station it can make it easier to

1003
00:45:56,760 --> 00:45:59,880
Speaker 1: find your way to a destination. But whether it's like

1004
00:46:00,000 --> 00:46:03,160
Speaker 1: stubbornness or like insecurity, shame, like, these can all be

1005
00:46:03,200 --> 00:46:05,560
Speaker 1: things that hold us back. But the thing is when

1006
00:46:05,600 --> 00:46:08,120
Speaker 1: you ask for help, people are almost always happy to

1007
00:46:08,200 --> 00:46:10,880
Speaker 1: be of service to you. So I just love John's

1008
00:46:10,880 --> 00:46:13,960
Speaker 1: advice that we should be seeking advice more regularly and

1009
00:46:13,960 --> 00:46:15,600
Speaker 1: reaching out to people. Yes, can I just put a

1010
00:46:15,600 --> 00:46:18,120
Speaker 1: plug in here for the how Money Facebook group because

1011
00:46:18,400 --> 00:46:21,800
Speaker 1: if you want you make some crowdsource knowledge for your question,

1012
00:46:21,840 --> 00:46:23,279
Speaker 1: it's a great spot to go to too. You can

1013
00:46:23,280 --> 00:46:27,600
Speaker 1: get a wide variety of opinions and help, and people

1014
00:46:27,640 --> 00:46:30,720
Speaker 1: will link to excellent articles that they have read throughout

1015
00:46:30,719 --> 00:46:33,239
Speaker 1: the years. And when it pertains to personal finance, I

1016
00:46:33,320 --> 00:46:35,080
Speaker 1: can give you a huge lift as you're kind of

1017
00:46:35,120 --> 00:46:37,200
Speaker 1: trying to like sort through some of your you know,

1018
00:46:37,400 --> 00:46:40,239
Speaker 1: financial questions and so yeah, and I just want to

1019
00:46:40,239 --> 00:46:42,560
Speaker 1: mention too, So yeah, it's great to have that free place.

1020
00:46:42,840 --> 00:46:44,960
Speaker 1: Thanks for listening to the podcast to that that's hopefully

1021
00:46:45,000 --> 00:46:48,280
Speaker 1: a place where you're going to get helpful personal finance information,

1022
00:46:48,400 --> 00:46:50,080
Speaker 1: but sometimes it makes sense to pay for that advice.

1023
00:46:50,080 --> 00:46:52,960
Speaker 1: And I think sometimes Matt, like in the age of

1024
00:46:53,440 --> 00:46:56,319
Speaker 1: the internets, we want to get everything for free. And

1025
00:46:56,680 --> 00:46:59,440
Speaker 1: you know, tax experts we have consistently said can be

1026
00:46:59,480 --> 00:47:03,200
Speaker 1: well worth the money. And a hundred bucks bucks sounds

1027
00:47:03,320 --> 00:47:05,560
Speaker 1: sounds like a good return on investment to me. Oh yeah,

1028
00:47:05,719 --> 00:47:07,799
Speaker 1: that's no brighter for sure. Yeah. And it reminds me

1029
00:47:07,920 --> 00:47:10,239
Speaker 1: just of when I got my tax assessment on my

1030
00:47:10,280 --> 00:47:12,640
Speaker 1: house last year, property taxes, and I was like, you

1031
00:47:12,680 --> 00:47:15,919
Speaker 1: know what, sometimes I've just not been able to make

1032
00:47:16,000 --> 00:47:18,719
Speaker 1: the hearing. In order to get my taxes lowered. I

1033
00:47:18,840 --> 00:47:22,200
Speaker 1: paid a lawyer money to argue the case on my behalf.

1034
00:47:22,440 --> 00:47:24,279
Speaker 1: And that money I spent was well worth it, Like

1035
00:47:24,280 --> 00:47:27,640
Speaker 1: if I figured the r l I, it was to

1036
00:47:27,719 --> 00:47:30,960
Speaker 1: save thousands of dollars over the next few years. And so, yeah,

1037
00:47:31,000 --> 00:47:34,160
Speaker 1: these are those things where sometimes you can I can,

1038
00:47:34,400 --> 00:47:37,440
Speaker 1: I have been cheap, I've been shortsighted, and I think

1039
00:47:37,440 --> 00:47:40,239
Speaker 1: it makes sense to pay a professional sometimes to do

1040
00:47:40,320 --> 00:47:43,279
Speaker 1: something for you. Um And and in John's case, it

1041
00:47:43,280 --> 00:47:46,279
Speaker 1: sounds like it made a huge difference. That's right, man. Okay,

1042
00:47:46,360 --> 00:47:49,280
Speaker 1: let's get to our last listener. Money tip, which also

1043
00:47:49,480 --> 00:47:53,000
Speaker 1: has to do with money advice. Hey, Matt and Joel.

1044
00:47:53,200 --> 00:47:56,279
Speaker 1: I'm Gabriel from the Bay Area. I think my main

1045
00:47:56,360 --> 00:47:59,160
Speaker 1: piece of advice is that personal finance doesn't need to

1046
00:47:59,160 --> 00:48:02,880
Speaker 1: be complicated. In my experience, when someone is throwing a

1047
00:48:02,920 --> 00:48:06,399
Speaker 1: lot of terminology around or talking you in circles, they

1048
00:48:06,440 --> 00:48:09,239
Speaker 1: either can't see the forest for the trees or they're

1049
00:48:09,280 --> 00:48:12,320
Speaker 1: trying to make it seem harder than it is. Personal

1050
00:48:12,360 --> 00:48:14,560
Speaker 1: finance has a lot of rules of thumb to help

1051
00:48:14,640 --> 00:48:17,920
Speaker 1: make decisions because the number of choices can feel daunting,

1052
00:48:18,400 --> 00:48:21,120
Speaker 1: but making any of these choices is putting yourself on

1053
00:48:21,160 --> 00:48:24,440
Speaker 1: the right path, and you can keep learning and reevaluating

1054
00:48:24,480 --> 00:48:27,640
Speaker 1: as you go. There will always be tips and tricks

1055
00:48:27,719 --> 00:48:31,120
Speaker 1: to handle your money better and maximize your returns, but

1056
00:48:31,160 --> 00:48:34,080
Speaker 1: there's also a point of diminishing return and the fact

1057
00:48:34,160 --> 00:48:36,440
Speaker 1: that you're even on this journey and listening to this

1058
00:48:36,520 --> 00:48:40,560
Speaker 1: podcast means that you're setting yourself up for success. Congrats

1059
00:48:40,600 --> 00:48:43,799
Speaker 1: Matt and Joel on your fipisode. Gabriel, thank you so

1060
00:48:43,880 --> 00:48:46,640
Speaker 1: much for that. And you know, like what I heard

1061
00:48:46,680 --> 00:48:48,440
Speaker 1: when I was listening to your money tip here is

1062
00:48:48,480 --> 00:48:52,160
Speaker 1: that you get it, like like you understand what we're

1063
00:48:52,200 --> 00:48:54,560
Speaker 1: trying to do here on the show. You understand that

1064
00:48:54,640 --> 00:48:57,960
Speaker 1: it doesn't take like literally talking to a rocket scientist

1065
00:48:58,040 --> 00:49:00,400
Speaker 1: to figure out what to do with your money. That

1066
00:49:00,560 --> 00:49:02,040
Speaker 1: is our approach and that's what we're trying to do

1067
00:49:02,080 --> 00:49:04,319
Speaker 1: here on the show. Um, and we've seen that the

1068
00:49:04,360 --> 00:49:07,200
Speaker 1: best teachers can break things down in a way that

1069
00:49:07,360 --> 00:49:10,200
Speaker 1: lots of folks can easily understand. Sometimes I think we

1070
00:49:10,200 --> 00:49:12,759
Speaker 1: can fall into thinking that using big words or or

1071
00:49:12,840 --> 00:49:15,160
Speaker 1: lots of different jargon, that we think it makes it

1072
00:49:15,239 --> 00:49:18,880
Speaker 1: sound smarter, But what we're really doing is creating a barrier.

1073
00:49:19,000 --> 00:49:22,080
Speaker 1: And so don't comprehend what you're discussing, Matthew. I mean,

1074
00:49:22,200 --> 00:49:25,160
Speaker 1: we like using different words to accurately describe what it

1075
00:49:25,239 --> 00:49:27,319
Speaker 1: is we're trying to talk about. We're not against it,

1076
00:49:27,360 --> 00:49:29,120
Speaker 1: but at the same time, if there are ways to

1077
00:49:29,239 --> 00:49:32,239
Speaker 1: make it more accessible, that in my mind, that takes

1078
00:49:32,280 --> 00:49:37,160
Speaker 1: priority period ways. Some would say, uh, but you know,

1079
00:49:37,320 --> 00:49:38,920
Speaker 1: if we do that, though, if we create these barriers,

1080
00:49:38,920 --> 00:49:42,040
Speaker 1: we're keeping people from actually crossing over right, like like

1081
00:49:42,080 --> 00:49:44,200
Speaker 1: coming onto our side and paying attention to their finances.

1082
00:49:44,239 --> 00:49:48,759
Speaker 1: I call it constructing obstacles. Personally, Oh my gosh, I

1083
00:49:48,760 --> 00:49:51,560
Speaker 1: think I think Gabriel is totally spot on here. And

1084
00:49:51,560 --> 00:49:53,960
Speaker 1: and yeah, it reminds me, Matt of when I think

1085
00:49:53,960 --> 00:49:57,440
Speaker 1: about complexity and jargon. It reminds me of this professor

1086
00:49:57,560 --> 00:50:00,120
Speaker 1: named Harold Pollock who kind of went viral years go

1087
00:50:00,200 --> 00:50:02,560
Speaker 1: because he he wrote down like nine things on an

1088
00:50:02,560 --> 00:50:05,440
Speaker 1: index card, the personal finance index card, and it was

1089
00:50:05,480 --> 00:50:07,880
Speaker 1: like everything you need to know about personal finance in

1090
00:50:07,960 --> 00:50:10,440
Speaker 1: one tiny spot, which is all the basics. Kind of

1091
00:50:10,440 --> 00:50:12,560
Speaker 1: goofy because we're five hundredses in we're still talking about

1092
00:50:12,560 --> 00:50:15,239
Speaker 1: personal finance. Um and and it's also funny because his

1093
00:50:15,320 --> 00:50:19,360
Speaker 1: personal Finance index card turn into a book, so he

1094
00:50:19,440 --> 00:50:23,520
Speaker 1: ended up complicating his own advice. But yeah, these concepts,

1095
00:50:23,880 --> 00:50:27,080
Speaker 1: we would say, do need context, They do need explanation,

1096
00:50:27,160 --> 00:50:29,840
Speaker 1: and you know, specific listener questions are a way in

1097
00:50:29,880 --> 00:50:32,600
Speaker 1: which we provide that, or kind of taking another advantage

1098
00:50:32,640 --> 00:50:35,120
Speaker 1: point of a topic that we've even previously discussed, we

1099
00:50:35,120 --> 00:50:38,040
Speaker 1: think can be necessary. But Gabrielle is right, and and

1100
00:50:38,080 --> 00:50:42,080
Speaker 1: personal finance is simpler than so many people make it

1101
00:50:42,160 --> 00:50:44,279
Speaker 1: seem like it is. And yeah, that's what we want

1102
00:50:44,320 --> 00:50:46,319
Speaker 1: to continue to do on the show. We want to

1103
00:50:46,360 --> 00:50:49,760
Speaker 1: strive to make these personal finance tips not only relevant

1104
00:50:49,800 --> 00:50:52,400
Speaker 1: but understandable because there are a lot of people listening

1105
00:50:52,480 --> 00:50:54,719
Speaker 1: of all sorts of different stripes, Matt. Some people are

1106
00:50:55,000 --> 00:50:57,359
Speaker 1: already financially independent who listened to the show, and some

1107
00:50:57,400 --> 00:50:59,880
Speaker 1: people are literally just getting their footing. They don't know

1108
00:51:00,200 --> 00:51:02,880
Speaker 1: much of anything at all about personal finance. And we

1109
00:51:02,880 --> 00:51:05,759
Speaker 1: we want to make a show that is challenging enough,

1110
00:51:05,760 --> 00:51:09,439
Speaker 1: that presents enough media information where people can grasp onto

1111
00:51:09,480 --> 00:51:12,479
Speaker 1: something and learn quickly. But we also wanted to be

1112
00:51:12,600 --> 00:51:14,960
Speaker 1: like simple enough. We don't want to make it overcomplicated,

1113
00:51:15,080 --> 00:51:17,480
Speaker 1: and a lot of people definitely make that happen. And

1114
00:51:17,360 --> 00:51:19,279
Speaker 1: and one of the last things Gabriel said was, you know,

1115
00:51:19,320 --> 00:51:21,560
Speaker 1: wishing success to the how the money listeners. That's that's

1116
00:51:21,560 --> 00:51:24,040
Speaker 1: what we want to we that's the whole reason we

1117
00:51:24,080 --> 00:51:26,719
Speaker 1: do this show. Point. Yeah, that we talk about this

1118
00:51:26,800 --> 00:51:29,000
Speaker 1: is the share shared this knowledge with with all the

1119
00:51:29,000 --> 00:51:31,200
Speaker 1: listeners out there. So, yeah, we wish all of our

1120
00:51:31,239 --> 00:51:34,040
Speaker 1: listeners out there all the success in the world, and

1121
00:51:34,080 --> 00:51:36,600
Speaker 1: hopefully we'll What do you think about this episode? Joll

1122
00:51:36,880 --> 00:51:40,319
Speaker 1: just generally speaking, like five episodes from now, so maybe

1123
00:51:40,320 --> 00:51:42,120
Speaker 1: when we're about in a thousand, what do you think?

1124
00:51:42,719 --> 00:51:44,520
Speaker 1: I personally, I say that because I personally think we

1125
00:51:44,560 --> 00:51:47,680
Speaker 1: should do this exact same format again. I would I

1126
00:51:47,719 --> 00:51:51,279
Speaker 1: almost hate waiting uh five dred episodes before we do

1127
00:51:51,360 --> 00:51:53,240
Speaker 1: that again. Like you know, once a year we typically

1128
00:51:53,239 --> 00:51:57,960
Speaker 1: do the listener money wins. But something about the different

1129
00:51:57,960 --> 00:52:00,879
Speaker 1: money tips, really I really like that because what we're

1130
00:52:00,880 --> 00:52:04,239
Speaker 1: talking about here is methodology. We're talking about how you

1131
00:52:04,280 --> 00:52:06,680
Speaker 1: do something. We're talking about the process, and by the way,

1132
00:52:06,760 --> 00:52:09,560
Speaker 1: we are how to money. And so while it is

1133
00:52:09,640 --> 00:52:13,040
Speaker 1: fun to hear how folks have uh turn their stories around,

1134
00:52:13,080 --> 00:52:14,920
Speaker 1: turn you know, change their lives, when it comes to

1135
00:52:14,960 --> 00:52:17,200
Speaker 1: what they've been able to do with money, I think

1136
00:52:17,239 --> 00:52:20,080
Speaker 1: I might even be drawn more towards how it is

1137
00:52:20,120 --> 00:52:21,920
Speaker 1: that folks go about doing those things. And so you know,

1138
00:52:21,960 --> 00:52:23,520
Speaker 1: you still get a little bit of that personality and

1139
00:52:23,520 --> 00:52:26,000
Speaker 1: there you still hear what they're doing, what they're striving towards,

1140
00:52:26,560 --> 00:52:28,239
Speaker 1: but you get to kind of pick apart some of

1141
00:52:28,280 --> 00:52:30,200
Speaker 1: the strategy and some of the details some of the

1142
00:52:30,239 --> 00:52:32,960
Speaker 1: hacks that they're putting to work in their own lives. Yeah,

1143
00:52:33,000 --> 00:52:35,799
Speaker 1: for sure, Nos, super super fun and I hope that

1144
00:52:35,840 --> 00:52:37,560
Speaker 1: we get to do it again soon. And you know,

1145
00:52:37,600 --> 00:52:39,680
Speaker 1: if we just start putting out eight episodes a week,

1146
00:52:39,680 --> 00:52:43,080
Speaker 1: we'll be at thousand and no time. So let's let's

1147
00:52:43,080 --> 00:52:44,759
Speaker 1: not do that. You would already talk about this beer.

1148
00:52:44,800 --> 00:52:46,359
Speaker 1: Let's do it. Let's get back to the beer. This

1149
00:52:46,400 --> 00:52:49,719
Speaker 1: one was called Faithful Instruction by Monday Night rowing it

1150
00:52:49,760 --> 00:52:53,319
Speaker 1: was a raspberry sour, and calling it a raspberry sour

1151
00:52:53,440 --> 00:52:55,279
Speaker 1: is actually it's not even fair the worst thing you

1152
00:52:55,280 --> 00:52:57,080
Speaker 1: could say about it, because it's so much more than that.

1153
00:52:57,120 --> 00:53:00,000
Speaker 1: And it is literally a three year blend of different

1154
00:53:00,120 --> 00:53:04,160
Speaker 1: beers were fermented with raspberries in the barrel. This is

1155
00:53:04,200 --> 00:53:06,319
Speaker 1: a beer mat that has been years in the making,

1156
00:53:06,400 --> 00:53:08,759
Speaker 1: kind of kind of like this podcast, And so what

1157
00:53:08,840 --> 00:53:10,640
Speaker 1: was your take on this one? I would say that

1158
00:53:10,680 --> 00:53:12,239
Speaker 1: this is easily one of the best beers we've ever

1159
00:53:12,280 --> 00:53:15,479
Speaker 1: had on the show, like ever, like over the course

1160
00:53:15,480 --> 00:53:18,600
Speaker 1: of five episodes. And that's coming from somebody who doesn't

1161
00:53:18,640 --> 00:53:20,960
Speaker 1: even really like raspberry all that much. Like I'm not

1162
00:53:21,040 --> 00:53:23,680
Speaker 1: a huge raspberry sour beer kind of guy, but the

1163
00:53:23,719 --> 00:53:26,439
Speaker 1: depth of flavor within this beer is off the chain.

1164
00:53:26,840 --> 00:53:28,640
Speaker 1: You Know, we talked about beer a good bit. What

1165
00:53:28,719 --> 00:53:31,160
Speaker 1: makes the lambic a lampic oftentimes have to do with

1166
00:53:31,200 --> 00:53:34,120
Speaker 1: like the territory or like the region where it's brewed. Uh,

1167
00:53:34,160 --> 00:53:36,440
Speaker 1: and so I don't think technically lambic can be like

1168
00:53:36,440 --> 00:53:39,080
Speaker 1: written anywhere on this label because it's kind of like bourbon.

1169
00:53:39,520 --> 00:53:42,600
Speaker 1: Yeah yeah, Tennessee whiskey. I guess we'll call it exactly

1170
00:53:43,160 --> 00:53:45,960
Speaker 1: versus uh yeah. But like I think that's a part

1171
00:53:46,000 --> 00:53:48,799
Speaker 1: of why they call this one faithful instruction, because you know,

1172
00:53:48,960 --> 00:53:51,000
Speaker 1: and it does you're seeing the old school methods. Yeah,

1173
00:53:51,040 --> 00:53:52,360
Speaker 1: it does have this thing on here where it's is

1174
00:53:52,400 --> 00:53:54,239
Speaker 1: registered with you know the word I said at the

1175
00:53:54,280 --> 00:53:58,040
Speaker 1: beginning of the episode, the Metholddition Society. And so they're

1176
00:53:58,040 --> 00:54:01,440
Speaker 1: following very specific guidelines in order to create this beer,

1177
00:54:01,960 --> 00:54:04,840
Speaker 1: but they can't technically call it a lambic. But oh

1178
00:54:04,880 --> 00:54:07,759
Speaker 1: my goodness, I mean depth of flavor is what I

1179
00:54:07,840 --> 00:54:10,040
Speaker 1: keep coming back to, because like you taste it, and

1180
00:54:10,040 --> 00:54:11,680
Speaker 1: you taste the fruit, you taste the sour, you taste

1181
00:54:11,680 --> 00:54:14,120
Speaker 1: a little bit of the funk, but then you swallow it.

1182
00:54:14,120 --> 00:54:17,480
Speaker 1: It's gone from your mouth, but the flavor just continues

1183
00:54:17,560 --> 00:54:21,840
Speaker 1: to linger. It's like it's like that Cranberry song, like linger.

1184
00:54:21,880 --> 00:54:24,400
Speaker 1: I mean, like it just sticks around, like like a dream.

1185
00:54:24,440 --> 00:54:26,320
Speaker 1: And I feel like I'm getting a little too poetic

1186
00:54:26,360 --> 00:54:30,239
Speaker 1: as I talked about this beer. But it is honesty

1187
00:54:30,280 --> 00:54:32,600
Speaker 1: coming from my mouth. You know. It's it's a great

1188
00:54:32,640 --> 00:54:34,759
Speaker 1: beer and it is my favorite style and it is

1189
00:54:35,120 --> 00:54:38,040
Speaker 1: one of the best representations of this time because you've

1190
00:54:38,040 --> 00:54:40,239
Speaker 1: had it straight from this you've been to Cantillon, you

1191
00:54:40,239 --> 00:54:43,640
Speaker 1: you've enjoyed beverages straight from the stills, uh that you

1192
00:54:43,680 --> 00:54:46,160
Speaker 1: know that are hundreds thousands years old right from the source. Yeah,

1193
00:54:46,200 --> 00:54:49,960
Speaker 1: and Cantion makes fantastic beers, but this beer rivals them,

1194
00:54:50,000 --> 00:54:51,920
Speaker 1: I would say, And so it's a it's a lot

1195
00:54:51,960 --> 00:54:54,200
Speaker 1: to say. Um, it's it's kind of weird to say

1196
00:54:54,239 --> 00:54:57,480
Speaker 1: that because Canton really like they've been doing it for

1197
00:54:57,520 --> 00:54:59,040
Speaker 1: a long time and they make some of the best

1198
00:54:59,040 --> 00:55:01,680
Speaker 1: beers in the world. But this year is on that level.

1199
00:55:01,760 --> 00:55:03,480
Speaker 1: It's it's the life. It's got something special, you know

1200
00:55:03,480 --> 00:55:06,160
Speaker 1: what it's got going on? O mom A, it's got

1201
00:55:06,280 --> 00:55:07,920
Speaker 1: u mom. You know, like when you're eating like it

1202
00:55:08,000 --> 00:55:11,200
Speaker 1: does oftentimes when you're eating steak, like there's this it's

1203
00:55:11,200 --> 00:55:13,840
Speaker 1: hard to describe the flavor. It's not sweet, it's not salty,

1204
00:55:13,880 --> 00:55:18,000
Speaker 1: it's not sour. It just has this lingering like amost

1205
00:55:18,040 --> 00:55:21,000
Speaker 1: like a raspberry jam kind of thing going on. Raspberry

1206
00:55:21,040 --> 00:55:23,880
Speaker 1: even raspberry feels two dimensional like this, the flavor of

1207
00:55:23,880 --> 00:55:25,840
Speaker 1: this beer man it like travels through time, like it

1208
00:55:25,920 --> 00:55:28,880
Speaker 1: like connects you with the with the first months, you know,

1209
00:55:28,960 --> 00:55:30,880
Speaker 1: back in your own who were you know, creating the

1210
00:55:30,880 --> 00:55:33,800
Speaker 1: first lambix? Like literally, we're time traveling on mom A

1211
00:55:34,080 --> 00:55:36,200
Speaker 1: is the best way that I can describe this year.

1212
00:55:36,400 --> 00:55:37,719
Speaker 1: I think they would take it as a company. I

1213
00:55:37,719 --> 00:55:39,360
Speaker 1: think so, I think they would. Oh yeah, it was

1214
00:55:39,400 --> 00:55:42,719
Speaker 1: delightful and yeah, thanks again to everyone for submitting your

1215
00:55:42,920 --> 00:55:45,560
Speaker 1: money tips for this episode. It's special for us to

1216
00:55:45,800 --> 00:55:48,319
Speaker 1: be still doing this five episodes later and then to

1217
00:55:48,360 --> 00:55:50,800
Speaker 1: get to kind of hear your best money advice. Today

1218
00:55:51,000 --> 00:55:53,920
Speaker 1: was just super fun, super joyful. Was a delight on

1219
00:55:53,960 --> 00:55:56,560
Speaker 1: all accounts. Yeah, and thank you to everyone who's submitting

1220
00:55:57,000 --> 00:55:59,120
Speaker 1: money tips that we weren't able to actually feature on

1221
00:55:59,120 --> 00:56:01,480
Speaker 1: the show. We were and to keep this episode within

1222
00:56:01,520 --> 00:56:03,560
Speaker 1: a reasonable amount of time. Five hundred minutes for the

1223
00:56:03,560 --> 00:56:05,440
Speaker 1: five hundred episode would not have been the way to go.

1224
00:56:05,480 --> 00:56:07,520
Speaker 1: I'll do that on a on a thousand at least.

1225
00:56:07,520 --> 00:56:10,239
Speaker 1: But anyway, thanks for everyone for sending in your your

1226
00:56:10,239 --> 00:56:12,680
Speaker 1: money tips. Joel. We'll make sure to link to all

1227
00:56:12,680 --> 00:56:14,480
Speaker 1: the different resources and maybe some of the things we

1228
00:56:14,520 --> 00:56:17,080
Speaker 1: mentioned during this episode up on the website, up in

1229
00:56:17,080 --> 00:56:19,359
Speaker 1: our show notes at how to money dot com. That's right,

1230
00:56:19,480 --> 00:56:22,320
Speaker 1: So um yeah, episode five oh one. We'll be dropping

1231
00:56:22,480 --> 00:56:24,239
Speaker 1: in a couple of days, and we thank you so

1232
00:56:24,320 --> 00:56:26,680
Speaker 1: much for listening to the podcast. We appreciate it. Matt.

1233
00:56:26,760 --> 00:56:29,800
Speaker 1: Until next time, best Friends Out, Best Friends Out,