Speaker 1: Welcome to How the Money. I'm Joel and I and
Speaker 1: that today we're discussing the mind altering effects of simple
Speaker 1: money tricks. Maybe we should have called this with the
Speaker 1: Psychedelic Effects of Handling your Money properly. I know, mind
Speaker 1: altering does sound like we're going down another road, but
Speaker 1: we're not talking about anything drug related here, No, it's
Speaker 1: just truly implementing some of these tricks is actually can
Speaker 1: have significant effects on your brain and how your brain
Speaker 1: thinks about money. Yeah, exactly. We started thinking about this
Speaker 1: episode and we realized we were specifically we're talking about
Speaker 1: some of these techniques or tricks that we can implement
Speaker 1: in our lives. But what we realized we're so important
Speaker 1: about these specific ones that we're gonna talk about today
Speaker 1: is the impact that that it can have on our psyche. Right,
Speaker 1: it can completely shift the way that we think about money.
Speaker 1: And when you have sort of this shift in the
Speaker 1: like the undercurrent and you know, and how you've used something,
Speaker 1: it can dramatically affect how it is that you go
Speaker 1: about handling something like your money. And so that's exactly
Speaker 1: what we're gonna talk about today, buddy, no doubt. All right,
Speaker 1: But before we get to that, Matt, you just recently
Speaker 1: told me about kind of this revolutionary way to to
Speaker 1: dry out your phone if you dropped in the toilet,
Speaker 1: which almost all of our listeners I'm sure you've done
Speaker 1: at some point or another, or not dropping in the toilet.
Speaker 1: I thought about you specifically because you're talking about your
Speaker 1: old phone. How easy, how he would just keep sticking
Speaker 1: the end of it in his mouth. I was like,
Speaker 1: even for that, uh, this technique would work. Okay. So yeah,
Speaker 1: this is a great, great thing that came across because
Speaker 1: most people what they do if something like that happens,
Speaker 1: if he gets a little wet or whatever people saying
Speaker 1: that they do or tyler sticks in their mouth, they
Speaker 1: put it in a bag of rice and a bowl
Speaker 1: of rice or a bag of rice. That's what I
Speaker 1: do exactly. So the problem they work, okay, is if
Speaker 1: it's well, if it's really wet, it can actually cause
Speaker 1: more problems, right like if you've got water coming out
Speaker 1: of like the port where it plugs in and can
Speaker 1: get gooey, cause even more problems. But I came across
Speaker 1: the step and they talked about how you know those
Speaker 1: so when you get like a pair of shoes in
Speaker 1: the mail or like try necks. Oftentimes it will come
Speaker 1: with those those little packs a little silica gel also
Speaker 1: known as desiccant packs. You know what I'm talking about, right, yeah? Yeah,
Speaker 1: yeah yeah, So the kind that you're not supposed to
Speaker 1: give to your infants, right, do not eat? Yeah, this
Speaker 1: is not food, That's what it says on there. But
Speaker 1: somebody was saying, how every time you get one of those,
Speaker 1: take it, throw it in a ziploc bag or another
Speaker 1: airtight container like a mason jar something like that. Right,
Speaker 1: and then if you ever find yourself in a position
Speaker 1: where you need to dry out your phone, a bunch
Speaker 1: of those in a sealed container is going to be
Speaker 1: much much more effective at drawing out the moisture from
Speaker 1: your phone, uh than a bowl or a bag full
Speaker 1: of rice. You can actually buy these on Amazon, right,
Speaker 1: I saw you can spend like eight bucks and you
Speaker 1: can buy like three hundred of those tiny things. Or
Speaker 1: the fact is that we get them for free, and
Speaker 1: so why not just instead of throwing them, you know
Speaker 1: in the trash where it goes to a landfill, just
Speaker 1: take those and save them. Uh. And you're asking what
Speaker 1: happens when they get full of moisture, right, because it
Speaker 1: seems like they would be ineffective. And what you do
Speaker 1: is you take them, you put them on a baking sheet,
Speaker 1: you stick them in your oven at a hundred and
Speaker 1: fifty degrees for fifteen minutes and it dries them out,
Speaker 1: so they get dry, let them cool, but then take
Speaker 1: them and put them back in an air tight container
Speaker 1: and then it'll definitely be good to go the next
Speaker 1: time that as he sticks your new phone in his
Speaker 1: mouth and completely use it up, Yeah, well, I'm keeping
Speaker 1: it away from as much as I can. But now
Speaker 1: that's a good tip man, and I think, yeah, it
Speaker 1: prevents some waste. It allows us to use something that
Speaker 1: we're already getting into our home in a way that's
Speaker 1: more effective than the current way we're trying to do things,
Speaker 1: or at least the current way I'm trying to do things.
Speaker 1: By sticking it in a bag of rice. We've had
Speaker 1: to do that. People do that, yeah, and especially with
Speaker 1: young kids, we've had to do that a few times.
Speaker 1: A remote even to like that's another thing that gets
Speaker 1: wet or gets stuck in the mouth, and so there's
Speaker 1: all sorts of things like why is this so wet?
Speaker 1: There's a problem here. Yeah, why is this not working? Probably? Oh,
Speaker 1: he ate it, that's why. So all right, it's good
Speaker 1: to know I'm gonna hold on to some of these things,
Speaker 1: and it's next to know that they're reusable too. I
Speaker 1: like to think of it as sort of like a
Speaker 1: first aid kit for your phone. Yeah, exactly, little emergency pack,
Speaker 1: no doubt. All right, let's mention the beer we're having
Speaker 1: on the show today. This one's called Bound by Time.
Speaker 1: It's by Edmund's past Visi Brewery out of Charleston, and
Speaker 1: will give our thoughts on the speer at the end
Speaker 1: of the episode, but for now, let's get onto the
Speaker 1: subject at hand. We're talking about the mind altering effects
Speaker 1: of simple money tricks and Matt You know, we talked
Speaker 1: recently about bigger money moves and how those can have
Speaker 1: more of an impact on us financially than a bunch
Speaker 1: of small ones, right, like maybe two or three big
Speaker 1: money moves. If you make those, it's probably gonna mean
Speaker 1: more than a hundred smaller money moves at least when
Speaker 1: it comes to the bottom line, right, or even one
Speaker 1: big move, Yeah, if you pick the right big move,
Speaker 1: like housing or something like that. Yeah, most definitely, it
Speaker 1: could seriously have a dramatic, outsized impact compared to a
Speaker 1: bunch of smaller ones. Yeah, little tricks aren't always gonna
Speaker 1: get us all the way to our money goals. There are, however,
Speaker 1: some small techniques and tricks that we can implement to
Speaker 1: handle money better that I think are going to make
Speaker 1: a big difference over the years. They can change, I think,
Speaker 1: our relationship to money in general. It's not just that
Speaker 1: you'll say five bucks when shopping online today. It's that
Speaker 1: these techniques are actually gonna allow us to read think
Speaker 1: our overall approach to how we save and spend. And
Speaker 1: that's the powerful thing. It's not the money that you
Speaker 1: save in the here and now this week. Is the
Speaker 1: change in the way that you treat and think about
Speaker 1: money that's going to have an impact for you know,
Speaker 1: a lot of years to come, Yeah, potentially your lifetime. Right.
Speaker 1: And you know, the biggest argument too, for making some
Speaker 1: of these smaller changes in your life when it comes
Speaker 1: to your money is that these these smaller tweaks. Of course,
Speaker 1: they can be more attainable, right, it can be really
Speaker 1: difficult to implement, uh say, a new massive paradigm shifting
Speaker 1: approach to your spending. It's difficult to go cold turkey
Speaker 1: and change your ways on a dime, But by implementing
Speaker 1: some small techniques and tricks, we're able to get the
Speaker 1: ball rolling in. Those positive changes we make now will
Speaker 1: continue to have outsize results down the road. Uh and
Speaker 1: then almost you know, more importantly, you'll begin to view
Speaker 1: your money in a completely new light. And that's what
Speaker 1: we're excited to discuss today. Yeah, all right, so let's
Speaker 1: give a quick example of what this looks like. We're
Speaker 1: One thing that we're not going to be talking about
Speaker 1: in this episode is like the savings app Acorn. It
Speaker 1: is a perfect example of a fintech product that uses
Speaker 1: automation to trick us into saving more money, and that
Speaker 1: works well for a whole lot of folks. They've got
Speaker 1: extra money in their savings because they let Acorns round
Speaker 1: up their purchases and save some money for them on
Speaker 1: their behalf. But if you take Acorns away, what do
Speaker 1: you have left? Well, a user is likely to go
Speaker 1: back to their old ways because that app hasn't fundamentally
Speaker 1: changed how they view their money. It certainly helped facilitate something,
Speaker 1: but it didn't change anything deep down inside of us,
Speaker 1: and uh, they've essentially received monetary benefits without the mental
Speaker 1: shift that you and I are going to be advocating
Speaker 1: for in this episode. Not that Acorns is bad. Acorns
Speaker 1: is still good, and we think automation is still good,
Speaker 1: but we would say that there's something to take any
Speaker 1: more of an analog approach when it comes to some
Speaker 1: of these money tricks and the psychological benefits that you're
Speaker 1: going to that you're gonna see by doing so. Yeah,
Speaker 1: I think sometimes we can become overreliant on technology or
Speaker 1: these apps, which is why, Yeah, an analog or a
Speaker 1: manual approach, however you wanna want to describe it. But
Speaker 1: there are certainly benefits we received from those. I think
Speaker 1: it's almost like using GPS versus the old school maps
Speaker 1: we got to use, right, versus knowing how to get
Speaker 1: there exactly. Yeah, Like, and there are places I should
Speaker 1: know how to get to by now, but I don't.
Speaker 1: If I don't, it's there's some place just like fifteen
Speaker 1: minutes away, and it's because you like, let me just
Speaker 1: pull up the phone. Yeah, but if my phone is
Speaker 1: dead or something like that, I'm out of luck trying
Speaker 1: to figure out how to get there, and so I think,
Speaker 1: you know, that's that's kind of maybe what we're duplicating
Speaker 1: for here too, is to skip the GPS, figure out
Speaker 1: in the analog world how to actually get to your destination.
Speaker 1: And there's actually your reasons for doing that. Yeah, there's
Speaker 1: deeper benefits that we receive. So for that reason, we
Speaker 1: don't want this to just be an episode that's about
Speaker 1: the simple techniques that could allow us to spend less
Speaker 1: and save more money. We're also going to focus on
Speaker 1: the mind altering effects that some of these simple modifications
Speaker 1: can have on our personal finances. But we are all
Speaker 1: about automation again. You know, we we dedicated an entire
Speaker 1: episode on it, that was episode one, six one, But
Speaker 1: sometimes it can lead to behaviors that aren't rooted in principle.
Speaker 1: And you know, for that reason, we're gonna get a
Speaker 1: little more kind of manual versus uh, you know, and
Speaker 1: less automation in this episode because we're we're looking for
Speaker 1: that lasting mindset shift. Yeah, and when you have a
Speaker 1: shift in mindset, you'll see the effects in your saving,
Speaker 1: your spending, in your investment plans. And these are changes
Speaker 1: that I think that anybody can benefit from, whether you're
Speaker 1: just getting started with personal finance, and maybe you're new
Speaker 1: to the podcast, or you are getting closer to financial
Speaker 1: independence or closer to retirement, whether you've been handling your
Speaker 1: money well for decades, Implementing a couple of these tricks
Speaker 1: that we're going to discuss can have a big impact
Speaker 1: on your relationship with money, whether you're good with money
Speaker 1: already or not. Yeah, and again, you know, the reason
Speaker 1: that we're focusing on these smaller changes and how they
Speaker 1: can have a big impact on how it is that
Speaker 1: we kind of view our money overall is because it
Speaker 1: kind of goes back to the psychological payoff, right, And so,
Speaker 1: just like you said, you'll, regardless of where you are
Speaker 1: on your personal finance journey, when you're able to see
Speaker 1: immediate results like that always feels good. You get that
Speaker 1: small dopamine release by accomplishing maybe a relatively minor task,
Speaker 1: But those small tweaks you make can really add up.
Speaker 1: And that's the reason why our seven Money Gears starts
Speaker 1: with the simplest task of getting money in the bank
Speaker 1: for an emergency fund. Of course, you get the immediate
Speaker 1: result of a little more financial margin, but then all
Speaker 1: of a sudden, you know this deeper shift begins to happen,
Speaker 1: and all of a sudden you're a saver, which gives
Speaker 1: you the confidence then to move on to the next gear.
Speaker 1: It's all about maintaining that momentum. Yeah, And what's great
Speaker 1: about a lot of these techniques and tricks is the
Speaker 1: fact that we can implement them as kind of like
Speaker 1: spending and saving rules. That way, during moments of financial temptation,
Speaker 1: which we all have when we're really actually put to
Speaker 1: the test, we don't have to try and decide in
Speaker 1: the moment whether this is a good decision or not
Speaker 1: because we've previously made the decision already. And I think
Speaker 1: that's really helpful to folks because when it comes to
Speaker 1: the moment whether or not you're gonna eat dessert, well
Speaker 1: have you? Uh? I mean, you're gonna choose yes, unless
Speaker 1: you've made a decision beforehand, but it smells so good
Speaker 1: exactly that you're not gonna do it. It's helpful to
Speaker 1: have decided how you're gonna respond during moments of clarity,
Speaker 1: like when you're setting goals towards the beginning of the year,
Speaker 1: versus when you want to buy something in your judgment
Speaker 1: might be clouded. When I'm smell the scent of cookies
Speaker 1: wafting from the kitchen, It's gonna be harder for me
Speaker 1: to say no to that than if I've kind of
Speaker 1: written something down previously and I've come to the conclusion
Speaker 1: that I'm not doing dessert this month, right, Yeah, so true, man,
Speaker 1: it's hard to be the scent of fresh baked chocolate
Speaker 1: chip cookies. By the way, I'm not saying I'm not
Speaker 1: never gonna say no, yeah exactly, And I'm not saying
Speaker 1: that I'm eliminating dessert. I'm just saying, like, you know,
Speaker 1: if if someone theoretically pathetically for for somebody else, Yeah, honestly,
Speaker 1: this kind of makes me just think of a budget.
Speaker 1: You know. The reason you create these categories is so
Speaker 1: that you don't really have to think about it in
Speaker 1: the moment. You're kind of reaching the end of the
Speaker 1: month and you're thinking about maybe getting some more take out. Well,
Speaker 1: it's gonna be really easy to convince yourself to get
Speaker 1: more take out if you don't want to cook dinner.
Speaker 1: But if you can look at your restaurants or take
Speaker 1: out category and if you've only got like five bucks left,
Speaker 1: that's not gonna get you very far trying to cook
Speaker 1: some food at home, maybe pull out some leftovers, but
Speaker 1: it's all about taco bell takeout. Dude, I would totally
Speaker 1: eat taco bell if we had one around us. We're
Speaker 1: we're kind of like in this taco bell desert. Have
Speaker 1: you ever realized that there are no taco bells near us?
Speaker 1: I hadn't really thought about that because I wasn't worried
Speaker 1: about it, But now you are, I am exactly, and
Speaker 1: so yeah, uh, in a sense, kind of these techniques
Speaker 1: and these practices are a good way to kind of
Speaker 1: remove some of that mental fatigue that sometimes accompanies making
Speaker 1: these financial decisions. And so, you know, this is why
Speaker 1: we're dedicating an episode to these simple personal finance techniques.
Speaker 1: It can be more effective to completely dominate some of
Speaker 1: these smaller tasks than to just slog away towards an
Speaker 1: overwhelming goal like retirement that you know might be thirty
Speaker 1: to forty years away. But then along the way, they'll
Speaker 1: begin to alter how it is that we think about
Speaker 1: our money, you know. And so we'll discuss some of
Speaker 1: these specific techniques of these tricks that you can implement
Speaker 1: in your life right after the break, all right, we're back.
Speaker 1: We're talking about simple money tricks and how they can
Speaker 1: have a mind altering effect. And Matt, let's get straight
Speaker 1: into some of the tricks that we think can be helpful.
Speaker 1: Some of these you might have heard of before, but
Speaker 1: we're gonna kind of give a deeper explanation for why
Speaker 1: you think they're important and why you should consider trying
Speaker 1: a couple of these tricks out. And it's not just
Speaker 1: again because you might say five bucks today. It's because
Speaker 1: it might alter the way you view your money. It
Speaker 1: can change the way you save and spend. And one
Speaker 1: of the things that we think is worth considering is
Speaker 1: instituting a no spend week or even a no spend month.
Speaker 1: And this is a technique that can help you reconsider
Speaker 1: your spending through forced absence. At the very least, setting
Speaker 1: aside a week to not purchase a dang thing can
Speaker 1: save you some real money, but that time spent not
Speaker 1: purchasing can lead to questioning the way you think about
Speaker 1: spending money in the first place. And this is good right.
Speaker 1: It raises our awareness level to spending that might have
Speaker 1: become second nature and that needs to be questioned in
Speaker 1: our life. Instituting a period where you are forcing yourself
Speaker 1: to curb all of your spending can really shake things
Speaker 1: up in a meaningful way. Yeah, so that's the whole
Speaker 1: point of doing this, right. You know, you can change
Speaker 1: this up and enforce a note, maybe takeout challenge for
Speaker 1: a month straight, no taco bell for at least a month, Yeah,
Speaker 1: no problems taco bell because you know. Or you can
Speaker 1: make yourself drink at home coffee like say, for six
Speaker 1: weeks straight. You know, whatever you choose, forcing yourself to
Speaker 1: change your spending habits reinforces the fact that you don't
Speaker 1: have to continue to do the things the way that
Speaker 1: you've always been doing them. So in this way, money
Speaker 1: challenges can be a great way to catalyze action and
Speaker 1: ramp up your ability to save. In addition to that,
Speaker 1: you add to a little bit of accountability, maybe some
Speaker 1: friendly competition, and you're definitely gonna be well in your
Speaker 1: way to Yeah, spending less money and saving more. Yeah,
Speaker 1: and no spending challenge with a friend like better, I think. Yeah,
Speaker 1: if you have somebody in your life who is striving
Speaker 1: after the same goals that you are, you're both gonna benefit, right,
Speaker 1: Like it makes me think of in high school, Uh,
Speaker 1: I was in a high school government US government class, right,
Speaker 1: and me and my buddy John, we're both in there,
Speaker 1: and neither of us were that great of students, but
Speaker 1: for whatever reason, uh, we we just got into this
Speaker 1: competition to see who could just outperform the other person. Dude,
Speaker 1: I have never done so well in a class in
Speaker 1: all of high school even college, like in my entire
Speaker 1: life than in the government class. I mean literally, we
Speaker 1: were acing every single pop quiz, every single test. We
Speaker 1: were getting one hundreds. Uh. And like our teacher, she
Speaker 1: thought we were cheating. She thought we had some sort
Speaker 1: of racket going on. But it was just because like him,
Speaker 1: like we were just really competitive. He like lived down
Speaker 1: the street from me as well. And for us, we
Speaker 1: had this mental shift where these lackluster students all of
Speaker 1: a sudden, we're able to turn a page and we
Speaker 1: became amazing students. And it all came down to how
Speaker 1: it was that we viewed, uh, that specific class. We
Speaker 1: wanted to I'll do the other guy, and it led
Speaker 1: to us being able to do much better in that class. Yeah,
Speaker 1: the effects are real and meaningful when you have like
Speaker 1: a little bit of friendly competition going on. So yeah,
Speaker 1: I think it's a good way for people to approach this.
Speaker 1: It makes more fun to You're like, it's not purely
Speaker 1: utility based. I think a competition adds a lot of
Speaker 1: fun and intrigue to the process. Uh, it's a little
Speaker 1: bit of spicy. Yeah, it does. Some folks to have
Speaker 1: done like a complete no spend year. There's an author,
Speaker 1: Kate Flanders who wrote about her year of not buying
Speaker 1: new stuff in a book called The Year of Less
Speaker 1: matt Our friend Katie Wolke Stanley doesn't buy new stuff
Speaker 1: at all ever. True. I saw her fixing a pair
Speaker 1: of her old Birkenstocks the other day and I was
Speaker 1: like just mad impressed every time, Like with what you
Speaker 1: post on Instagram, scored some of that guerrilla glue in
Speaker 1: there and they go exactly and more power to these folks.
Speaker 1: Or if you want to give something that big a try,
Speaker 1: go for it. It's intense, but curbing spending for a
Speaker 1: shorter period of time definitely has some advantages to It
Speaker 1: doesn't have to be taking on some new lifestyle mantra.
Speaker 1: It really can be just a weaker or a month
Speaker 1: that shows you that you actually do have the willpower
Speaker 1: to resist some of the things that were natural urges
Speaker 1: in your life. Um, you really can avoid some of
Speaker 1: the spending that came so naturally. It's just important to
Speaker 1: prioritize implementing a period of time where you abstain altogether.
Speaker 1: And I think that does have effects that go beyond
Speaker 1: just the money you saved during that specific period of time. Yes,
Speaker 1: And similarly, creating sort of this mandatory weight period before
Speaker 1: buying anything new is another way to to curb spending
Speaker 1: as well. Right, you know, there are items that that
Speaker 1: seem like they're totally necessary in the moment, but if
Speaker 1: we have a seventy two hour rule, it can help
Speaker 1: us to truly assess whether or not it's a good purchase.
Speaker 1: Chances are you even forget about that item also together,
Speaker 1: or it will you know, languish in your shopping cart
Speaker 1: at an online store. But you know, if three days
Speaker 1: later you still want or you still need that item,
Speaker 1: then you can finish that purchase at that point. Uh.
Speaker 1: And you know, this kind of makes me think about
Speaker 1: our episode that we had with Joshua Becker about minimalism.
Speaker 1: This was episode one eight seven. It's not about saving
Speaker 1: a few dollars here and there. It's not about saying that, Okay,
Speaker 1: let's not spend money for a week, because then if
Speaker 1: you don't make any change, if there's no deeper change
Speaker 1: that happens in your life, well you're gonna make up
Speaker 1: for all that spending two weeks later. It's just like
Speaker 1: the economy that you know, economists are predicting that is
Speaker 1: going to be insane. Pentup demand is there because it's
Speaker 1: there exactly. But hopefully this period of time has allowed
Speaker 1: some people to truly look at their lives and say, like,
Speaker 1: travel is the big thing, right uh, that that we
Speaker 1: haven't been able to partake in. But hopefully there will
Speaker 1: be a lot of folks who are like, wait a minute,
Speaker 1: I'm actually pretty happy not traveling, Like I don't need
Speaker 1: to go on that fancy vacation. And so that's what
Speaker 1: we're challenging people to do, you know, with either no
Speaker 1: spend challenges or at least by just delaying their purchase
Speaker 1: for just a little bit. Yea. And in the case
Speaker 1: of our episode with Josh Becker that you mentioned, it's
Speaker 1: more about living more of a minimalistic lifestyle. He's less
Speaker 1: about the money you saved, and he's more about the
Speaker 1: lifestyle you want to live and being proactive and not
Speaker 1: bringing too much junk into your life because it clutters
Speaker 1: things up. And so yeah, maybe that's part of the
Speaker 1: realization too. When you have a seventy two hour rule,
Speaker 1: I don't need all this stuff. It's it becomes less
Speaker 1: about the money and it becomes more about doing things intentionally,
Speaker 1: um and not bringing things into your life that are
Speaker 1: just gonna weigh you down. There's there's a host of
Speaker 1: benefits aside from just the monetary benefits. Right, if you
Speaker 1: can change your views around consumption, then I think we've
Speaker 1: got the potential to delay consumeristic tendencies, not for just
Speaker 1: a few days, but for a lifetime to really make
Speaker 1: a lasting change. Let's bring up another one to Matt.
Speaker 1: People should consider the trick of using cash instead of
Speaker 1: plastic when possible. You're you and I are obviously fans
Speaker 1: of responsible credit card use. But since we're talking about
Speaker 1: techniques that are gonna help us spend and save better
Speaker 1: as well as change the way we think, using actual
Speaker 1: dollar bills has a legitimate effect on your spending habits.
Speaker 1: Paying with credit cards allows you to score cash back
Speaker 1: and travel rewards, which is great, but studies show that
Speaker 1: it's us painful to swipe your card through the credit
Speaker 1: card reader, or I guess you're not swiping anymore, you're
Speaker 1: inserting with the chip right. But sometimes that the chip
Speaker 1: reader is broken though, and they're like it, just swipe,
Speaker 1: just swipe. But it's it's easier to do that than
Speaker 1: it is to pull money out of your wallet. It
Speaker 1: feels more real in essence when you're pulling cash out
Speaker 1: and feeling that pain is exactly the trick that you
Speaker 1: want to play on your brain. If you're looking to
Speaker 1: curb your spending, you can also do something else, because
Speaker 1: credit card rewards are meaningful and they're good. You can
Speaker 1: keep a check register um with you, But to duck
Speaker 1: the amount out of your bank account every time you
Speaker 1: make a purchase with a credit card, at least you're
Speaker 1: doing something physical to acknowledge that money is actually leaving
Speaker 1: your account. You're you're seeing your bank account balance dwindle
Speaker 1: every time you make a purchase, and I think that's
Speaker 1: another good way to to reinforce and feel kind of
Speaker 1: the pain of spending in the moment. Yeah, I don't
Speaker 1: write it out by hand like in an old school
Speaker 1: uh checkbook register, but that's exactly what I do when
Speaker 1: I manually reconcile my credit cards on Excel. And so,
Speaker 1: I mean there's lots of services out there where you
Speaker 1: can link up your finances, you know, with your credit cards,
Speaker 1: and you know, have it all automated, but the actual
Speaker 1: process of me inserting it and and typing it out
Speaker 1: and seeing that, like, oh, actually that that date night
Speaker 1: was really expensive, but has an impact on the next
Speaker 1: date night we take. You know, it'll be we talk about,
Speaker 1: but we'll have to drive across town. Though they get
Speaker 1: that being in rice Burrito, which is, by the way,
Speaker 1: the cheapest and most calorie dents item they sell good.
Speaker 1: I'm pretty sure I think it's the healthiest too. Maybe not,
Speaker 1: though I don't know. I'm honestly probably compared to It's
Speaker 1: like for the Dorino's locals taco you know, is this
Speaker 1: a taco or is am I just like a bag
Speaker 1: of chips, but like bag of Dorito's. Man, let's talk
Speaker 1: about a way to help you make a better decision
Speaker 1: when you are making a bigger or an out of
Speaker 1: the ordinary purchase. An effective way to determine whether you
Speaker 1: can afford that item or not. A good question to
Speaker 1: ask yourself is can I also put the amount of
Speaker 1: this purchase in an I ra A And if the
Speaker 1: answer is no, then we're suggesting that you might want
Speaker 1: to forego that purchase until you can. Yeah. So let's
Speaker 1: give an example to drive that one home. Matt. Let's
Speaker 1: say you're looking to buy uh some air pods for
Speaker 1: two hundred bucks. I think that that's what they cost Ryan,
Speaker 1: roughly two h bucks. Well, only go through with that
Speaker 1: purchase if you're willing to stalk away another two into
Speaker 1: an investment account. So that's a total of four h
Speaker 1: bucks coming out of your savings. It can provide a
Speaker 1: more realistic view of your actual financial health. If you
Speaker 1: can't do both, then you probably shouldn't be doing either.
Speaker 1: And this is a technique I think to balance spending
Speaker 1: and investing for your future at the same time. I
Speaker 1: found this to be a really helpful trick that helps
Speaker 1: maybe inhibit my desire for the new or bigger, more
Speaker 1: expensive things, because I'm like, man, if I'm gonna do that,
Speaker 1: but then I'm gonna put some I'm gonna put the
Speaker 1: equal amount of money away for my future. Um, And
Speaker 1: maybe I'm just not ready to do either, or maybe
Speaker 1: I am ready to do both. I don't know, but
Speaker 1: it can be a helpful way to at least think
Speaker 1: about those bigger purchases. And if you implement something like that,
Speaker 1: what's great about that is that that's an example of
Speaker 1: one of those rules. Right. It's not something that you
Speaker 1: have to think about. It's just something that you have
Speaker 1: to execute on. I'm not saying that it's easy, but
Speaker 1: if you've subscribed to that rule and you know that
Speaker 1: that's something that you want, you continue to do. There's
Speaker 1: no sort of deciding, you know, how you're gonna go
Speaker 1: about it. It's like I'm either gonna do it or
Speaker 1: I'm not gonna do it. But then, of course, the
Speaker 1: long lasting implications of this too is not just the
Speaker 1: ability to save a little bit of money now, but
Speaker 1: it it does help you to rethink your purchases. It's like, Okay,
Speaker 1: am I only gonna put money away towards uh, you
Speaker 1: know this sort of special thing, this one off, you know,
Speaker 1: out of the ordinary expense? Or am I instead going
Speaker 1: to prioritize investing for the long haul. Just like with
Speaker 1: all these techniques, we're trying to introduce ways for you
Speaker 1: to reframe how it is that you're thinking about your money. Uh.
Speaker 1: And you know the same is true too for recurring expenses.
Speaker 1: You know, when you cut a recurring expense, increase your
Speaker 1: retirement contributions by that same dollar amount. Uh. So, for example,
Speaker 1: we talk about luring your cell phone bill or shopping
Speaker 1: with insurance providers to get a lower rate, But don't
Speaker 1: just absorb about money into your life and start spending it.
Speaker 1: A great technique here is to ramp up what you're
Speaker 1: saving for retirement and to push those savings directly into
Speaker 1: a retirement account. You know. And and and so, for instance,
Speaker 1: if you go from a seventy five dollar a month
Speaker 1: down to a twenty dollar cell phone plane, which is
Speaker 1: totally it, Like that's totally possible. Uh, take that fifty
Speaker 1: five and then funnel it into your wrath I ra A. Again,
Speaker 1: we're trying to reframe some of these expenses. Right, you're
Speaker 1: not just saving fifty five dollars, you're in fact saving
Speaker 1: over one dollars. Like you need to see that my
Speaker 1: net worth is going to increase by two times that
Speaker 1: amount that I'm saving because I'm going to take that
Speaker 1: money and invest it. It's not just about saving, it's
Speaker 1: about creating a positive return as well for sure. Man,
Speaker 1: all right, let's talk about another trick I think that
Speaker 1: can help us when when it comes to how we
Speaker 1: think about our money. And another technique that you can
Speaker 1: employ is to set up a completely separate checking or
Speaker 1: saving account for a specific goal, like saving for a
Speaker 1: down payment on a house. By essentially creating a fence
Speaker 1: around that money, by siloming it off into you know,
Speaker 1: another institution, you're also creating a mental barrier that's going
Speaker 1: to keep you from tapping that money for other reasons.
Speaker 1: At the very least, you can use something like savings
Speaker 1: buckets within your current checking or savings account ally has
Speaker 1: just an awesome buckets feature if you have an account there,
Speaker 1: but there is something to the fact of you go
Speaker 1: in there and you're like, well, that money set aside
Speaker 1: for my vacation this year, that's gonna be really fun.
Speaker 1: I want to make sure that we can fully fund that.
Speaker 1: And you pull money out of there to buy some
Speaker 1: sort of disposable product now or a new item of
Speaker 1: clothing because their pods exactly, you're you're taking money from
Speaker 1: that vacation that you really want to go on, and
Speaker 1: so it feels like you're robbing yourself almost in another
Speaker 1: area of life, and you actually kind of want to
Speaker 1: feel that I think, I think if you do set
Speaker 1: things up in that way, that's exactly the effect that
Speaker 1: we're going for with this money trick. Is you want
Speaker 1: to feel like that money is named for something specific,
Speaker 1: and you don't want to ruin your ability to enjoy
Speaker 1: that future thing you're saving for in order to pay
Speaker 1: for something right now. Yeah, And so by naming your money,
Speaker 1: hopefully there's this lasting, lifelong shift that's that's taking place, right,
Speaker 1: which is that you are approaching your money with a plan.
Speaker 1: By giving it a name, it means you have a
Speaker 1: plan for it, right, And so if you were to,
Speaker 1: like you said, if you were to take from that,
Speaker 1: you're basically going against your plan and so hopefully you
Speaker 1: would feel some cognitive dissonance at the very least. Right,
Speaker 1: I'm robbing myself like, like, wait a minute, I had
Speaker 1: a plan, but what happened to it? And so we
Speaker 1: think that by just doing this simple thing, it would
Speaker 1: it's going to allow you to to be more effective
Speaker 1: at reaching your financial goals. Yeah, by naming your money,
Speaker 1: it makes it much more likely that you're actually going
Speaker 1: to reach those more important, further off goals that you
Speaker 1: have set for yourself, and oftentimes those are the more
Speaker 1: meaningful goals, those are the those are the goals that
Speaker 1: actually resonate with us. That's why we called them out,
Speaker 1: that's why we dedicated a bucket to it in the
Speaker 1: first place. And we are in most cases not going
Speaker 1: to rob ourselves of that future goal and destination just
Speaker 1: for something small and trifling, uh, in the meantime, right,
Speaker 1: and and so, yeah, I think naming the money helps
Speaker 1: us realize that's what we're doing, whereas that is what
Speaker 1: we're doing when we haven't named our money. But it's
Speaker 1: harder to visualize that, it's harder to realize that. So
Speaker 1: siloing your money can actually have a really big impact
Speaker 1: on your ability to keep going after those bigger goals
Speaker 1: that you have. Yeah, so you said siloing and we're
Speaker 1: talking about naming our money. It actually makes me think
Speaker 1: of like a farm. Yeah, it kind of does. It's
Speaker 1: like on a farm, like you hear stories about when
Speaker 1: there's kids and they like name the chickens or they
Speaker 1: name like, I don't know, the pigs or the cows
Speaker 1: or something like that. It makes it a little bit
Speaker 1: harder to actually butcher them and use them for what
Speaker 1: they're being produced for, because there's more of an attachment
Speaker 1: to it, and so aside from your dietary preferences, when
Speaker 1: you have money that has a name on it, it's
Speaker 1: a little bit more precious, right, It's a little bit
Speaker 1: more sacred. You want to make sure that you are
Speaker 1: being very intentional, like when the time does come to
Speaker 1: tap that resource for whatever it's being you know, set
Speaker 1: aside for you want to make sure that it counts. Yeah,
Speaker 1: bacon is great, but it's different if it's Wilbur. You know,
Speaker 1: like you just don't want to do that. This is
Speaker 1: coming from somebody who knows nothing about farms, but you know,
Speaker 1: like I feel like when you name something, it has
Speaker 1: more meaning. And so that's what we're talking about you.
Speaker 1: I mean, I'm just thinking about Chlott's web like legit, Yeah,
Speaker 1: Wilbur had a name. He and Fern loved him. That's
Speaker 1: a great story. But yeah, Matt, we've got a few
Speaker 1: more mental tricks to get to that are gonna help
Speaker 1: people implement solid money habits for decades to come. Let's
Speaker 1: get to a couple more of those right after this
Speaker 1: break al right, we are back in. Let's go ahead. Now,
Speaker 1: let's talk about some actions to take that will lead to,
Speaker 1: you know, some more mental shifts that will help you
Speaker 1: to spend and save better and just to have a
Speaker 1: better relationship towards money in general. Uh. And one of
Speaker 1: these that we want to recommend for folks to do
Speaker 1: is to when it comes to financial meetings or talks
Speaker 1: that you might have with a significant other, make sure
Speaker 1: that you're having those meetings with your favorite beverage in hand.
Speaker 1: This is something that we've taken to heart. And every
Speaker 1: time you and I sit down and talk about money,
Speaker 1: we're gonna crack open a craft beer. It's what we do.
Speaker 1: And it's not that I wouldn't want to talk about
Speaker 1: money anyway with you, buddy, but having a beer at
Speaker 1: the same time, it just makes me all that more
Speaker 1: uh jazzed about doing it. It It makes us look forward
Speaker 1: to it exactly. Yeah. You so you know, of course,
Speaker 1: you want to do all the boring and necessary stuff
Speaker 1: like you know, having it on the counter. So you
Speaker 1: stick with having these meetings regularly jointly if you have
Speaker 1: a significant other, but make a plan to share an
Speaker 1: excellent beer or a bottle of wine while having your
Speaker 1: regular budget meeting, or just not a coke with coffee.
Speaker 1: I had one of those recently. Not very good. Really.
Speaker 1: It's like a brand new thing, that coke. But if
Speaker 1: you don't like like alcohol or drink alcohol, you should,
Speaker 1: you know, find another beverage that you like, but just coffee. Yeah,
Speaker 1: so is it called coke with coffee? Because way back
Speaker 1: in the day in college it was called coke black. Yeah,
Speaker 1: now it's called coke with coffee, I think, and black
Speaker 1: with a K. It wasn't great. I'm sorry to hear that. Yeah,
Speaker 1: I know you love your coke, so but do get
Speaker 1: whatever beverage it is that's going to make you excited
Speaker 1: about that meeting, right, and you know you could even
Speaker 1: like play a board game or watch an episode of
Speaker 1: your favorite show afterwards. Sticking to a budget like that
Speaker 1: can be painful enough as it is, so at the
Speaker 1: very least, you can make your money conversations and planning
Speaker 1: meetings a lot more fun. Just this one act creates
Speaker 1: a real change in perspective to how most people view
Speaker 1: money conversations. Man, I think we've talked about this before,
Speaker 1: but we're trying to get our kids to clean up
Speaker 1: if you make the game, then it changes the whole
Speaker 1: dynamic of cleanup. But if you make it a race,
Speaker 1: we're gonna try to beat each other out, exactly. I mean,
Speaker 1: there's all sorts of ways to make boring, routine things
Speaker 1: a lot more fun. And I think it's the same
Speaker 1: thing with a budget meeting. And yeah, the right beverage
Speaker 1: can set the right tone for it. Maybe even lad
Speaker 1: of candle who knows, yeah, exactly, make it romantic. That's fine. Uh.
Speaker 1: And then, like, paying most of your bills automatically is
Speaker 1: a great idea right where we're all about automation, but
Speaker 1: putting all of your bills on auto pay might not
Speaker 1: be the best idea. And I'll tell you why. That's
Speaker 1: because we often don't pay attention to the bills that
Speaker 1: change based on our usage. I'm specifically talking about monthly
Speaker 1: utility bills. One bill that Matt I personally don't put
Speaker 1: on autopilot is my power bill. I refuse to do
Speaker 1: budget billing, even though they always prompt me for it,
Speaker 1: and I don't put it on auto pay either. I
Speaker 1: want to feel the pain. I want to see how
Speaker 1: large my bill is, and then I want to take
Speaker 1: forty five seconds to actually pay it. Just this physical
Speaker 1: act has a real effect on like my interactions with
Speaker 1: the thermostat, my choice to put on a jacket instead
Speaker 1: of turn up the heat, all that kind of stuff. Man,
Speaker 1: So I got my long John's on right now, man, right, Yeah, exactly.
Speaker 1: But there's something about like the smooth out nature of
Speaker 1: budget billing and and having it on automatic pilot, having
Speaker 1: those payments um just come out of your account automatically,
Speaker 1: where if you're one step removed from the actual money
Speaker 1: it's costing you. And so this is one instance where
Speaker 1: I say no way to automation, and I'm going to
Speaker 1: pay that one every single month because I want to
Speaker 1: see what I'm using and I want to feel it viscerally,
Speaker 1: and and there is a direct impact in my behavior
Speaker 1: because of it. Yeah. Of sometimes things like budget billing
Speaker 1: or relying over relying on an app or something like
Speaker 1: that can desensitize us either to what we're spending or
Speaker 1: it can completely remove some of those benefits that we
Speaker 1: would receive by looking at the price. Right And one
Speaker 1: of the benefits in this case too, is just using
Speaker 1: less energy overall. Another trick that we want to recommend
Speaker 1: for folks to consider is to think of the sticker
Speaker 1: price in terms of hours of work to buy something
Speaker 1: that you're interested in buying, right, and so this one
Speaker 1: requires you to know your hourly rate. We did an
Speaker 1: entire episode on this, This is episode nine. Uh. Knowing
Speaker 1: your hourly rate is crucial to be able to do
Speaker 1: the quick math. But thinking of a purchase, say as
Speaker 1: maybe half of your work day, that might put things
Speaker 1: in starker terms. You know, you're gonna ask yourself, do
Speaker 1: I really want that gadget or you know, or that
Speaker 1: new clothing item if it takes that much effort for
Speaker 1: me to actually receive it. You know, we talked about
Speaker 1: the dining scream, paying and cash and paying with the
Speaker 1: credit card. Paying with the credit card is easy, easier, Right,
Speaker 1: it feels you don't feel that you're being parted with
Speaker 1: your money in the same way. Well, you feel even
Speaker 1: more like you're being parted with your money when you
Speaker 1: think about it in terms of how many hours of
Speaker 1: work it took you to be able to buy that item. Right,
Speaker 1: And so maybe you're gonna think twice about that sweet
Speaker 1: backpack because you're like, dang it, that's three and a
Speaker 1: half hours of work and it's not worth that's it
Speaker 1: sounds like it's worth eighty bucks, but it's not worth
Speaker 1: three and a half hours of your life, And so
Speaker 1: I think, yeah, thinking about it in those terms can
Speaker 1: be helpful. On that note to Matt, the stranger test
Speaker 1: is another technique to help curb consumption. We talked recently
Speaker 1: with Lisa Rowan and she had a book on money
Speaker 1: hacks that was episode three or seven. Imagine a stranger
Speaker 1: handing you cash instead of the item or attempting to purchase.
Speaker 1: That can provide health framing that can be instrumental in
Speaker 1: curbing impulse purchases. So like, do you want the eighty
Speaker 1: dollar backpack or do you want eighty bucks? And usually
Speaker 1: almost always I'm gonna take the cash, and so that
Speaker 1: means that I shouldn't buy the item, And that is
Speaker 1: just one more helpful trick in helping us curb spending
Speaker 1: and rethink our relationship towards money in general. Yeah, of
Speaker 1: course you're gonna save that eighty bucks right there on
Speaker 1: the spot, like in that one instance, right, but by
Speaker 1: you know, by doing that over and over, I think
Speaker 1: the lasting benefit that you receive is the ability to
Speaker 1: see money for what it's actually worth versus something that
Speaker 1: we just exchange for stuff that we then exchange for
Speaker 1: our time. Uh and then that's the rest of your life.
Speaker 1: Yeah right. You know, we generally just become a little
Speaker 1: more skeptical about using our money. We're more judicious, you know,
Speaker 1: before we just like tossing out there on any random
Speaker 1: thing that crosses our instagramn Yeah. What other way that
Speaker 1: we want to shift how it does that people think
Speaker 1: about their money is we want to encourage folks to
Speaker 1: uh stop saving for retirement instead save for your future self.
Speaker 1: You know, semantics are at play here a little bit.
Speaker 1: But one of the biggest hurdles that that I think
Speaker 1: keeps people from investing enough for retirement is that they
Speaker 1: do a poor job at connecting what feels like sacrifice
Speaker 1: now to the benefits that they would receive from that
Speaker 1: money down the road, right, And so saving for retirement
Speaker 1: it almost feels like a tax or even this expense
Speaker 1: with very little upside because we don't receive anything right now.
Speaker 1: Part of me is like, am I actually ever really
Speaker 1: going to get that old? I mean, I know that
Speaker 1: I am, but but it's hard to imagine, hard to
Speaker 1: make that connection. I completely know I I agree. You know,
Speaker 1: I'm gonna have massive brinkles one of these days, but like,
Speaker 1: I'm just not quite there yet. I mean I got
Speaker 1: a few the backs on the eyes for sure, but
Speaker 1: with time of uh and so instead, you know, we
Speaker 1: want individuals to imagine like that they are saving for
Speaker 1: their future selves. You know, it's it's not like this
Speaker 1: separate person. It's not somebody else that you're saving money for.
Speaker 1: It's who you are right now, just a little bit older,
Speaker 1: and it's gonna happen sooner than you think. You know,
Speaker 1: we've talked about the face app you're able to I
Speaker 1: don't know if it's still out there, uh, put out
Speaker 1: there by the Russians, right, but the ability to use
Speaker 1: these different apps to take a selfie and to make
Speaker 1: yourself look you know, fifty years older is amazing. That alone,
Speaker 1: right there can can be the visual shock that you
Speaker 1: need to get yourself to do the right thing. Yeah.
Speaker 1: I think there was like a Fidelity study or something
Speaker 1: that where they did that with people who are saving
Speaker 1: for their their retirement who were younger, and it really
Speaker 1: did have an impact on how much they decided to
Speaker 1: put away for the future because they're like, oh, that's
Speaker 1: what I'm gona look like in thirty forty years, And
Speaker 1: I need to start saving for that dude because or
Speaker 1: that gal like whoever. It is, like, I need to
Speaker 1: start thinking about my future self and postponing it is
Speaker 1: only hurting that person who is going to be me someday. Yeah,
Speaker 1: and that's probably why too. The older we get, the
Speaker 1: more likely we artistated, because we're closer to being those
Speaker 1: people were like, oh, actually I am getting kind of old.
Speaker 1: Then it's just less effective. Right, So the earlier we
Speaker 1: started so much more effective, So we have to kind
Speaker 1: of get that visual representation of what we're gonna look like.
Speaker 1: You and I did that, and uh, you know, decent
Speaker 1: looking old, but I look like I mean, there's more
Speaker 1: like eighty five year old, like those guys were old.
Speaker 1: But if I look that good when I'm eight five,
Speaker 1: I'm gonna be happy, Yeah, for sure. And it's amazing.
Speaker 1: I think how just like a little sleight of hand
Speaker 1: can make us feel like someone has powers that are
Speaker 1: in this world. I'm talking about like magicians, right, like
Speaker 1: David Blaine. I mean, that guy does some incredible stuff
Speaker 1: and it's not like he actually has magical powers that
Speaker 1: are from another universe. Man, I still don't know how
Speaker 1: he floats. Yeah, I don't either, but it's incredible, right,
Speaker 1: invitation trick is pretty good. I think the same kind
Speaker 1: of thing can be true of our personal finances though,
Speaker 1: Like you can go David Blaine on your finances. These
Speaker 1: tricks and techniques aren't mind blowing when you look at
Speaker 1: them on the surface. It's like having no spend month. Okay, cool,
Speaker 1: great tip, Matt and Joel. I mean, it's it's not
Speaker 1: something that that we're not the first people to have
Speaker 1: ever thought of that, right, But if you implement just
Speaker 1: a couple of these, it can make a major difference
Speaker 1: over time and how you think about money in general
Speaker 1: and your perspective on this stuff. It's not about the
Speaker 1: money that you don't spend on that one purchase or
Speaker 1: the one no spend month that you implement. It's about
Speaker 1: completely changing the way you view money altogether with a
Speaker 1: few simple tricks and techniques that are gonna have a
Speaker 1: positive impact on you for years and years to come.
Speaker 1: And so, yeah, I don't know how David Blaine floats,
Speaker 1: but I do know how you can change the way
Speaker 1: you think about money, And it really is through using
Speaker 1: some of these techniques, trying some of these things out,
Speaker 1: implementing them into your life and seeing how they work out,
Speaker 1: seeing if it does gradually start to change the way
Speaker 1: you think about saving, spending, and investing. Yeah, you could
Speaker 1: not agree more. And here's the thing too, there are
Speaker 1: tons of tricks out there that we didn't mention, right,
Speaker 1: and so if there are things that you are implementing
Speaker 1: in your life, ask yourself. You know, obviously there's probably
Speaker 1: going to be a monetary benefit that you're receiving right now,
Speaker 1: but then go another level deeper, like either ask yourself
Speaker 1: why it is that you're doing this, or ask yourself
Speaker 1: what is the other additional mental benefit that you are
Speaker 1: receiving by doing that, and hopefully you will find that
Speaker 1: there's something else that could lead to lasting change for
Speaker 1: the rest of your life, not just within that one
Speaker 1: purchase or that one ability to to save a little
Speaker 1: bit more money, no doubt. Matt, Like, as we were
Speaker 1: kind of coming to this episode thinking about how we
Speaker 1: were gonna talk about this topic, you and I decided
Speaker 1: that it was important to get a little more meta,
Speaker 1: go a little deeper when it comes to some of
Speaker 1: these money tricks like that they are on the surface simple,
Speaker 1: but but at their route they have a long lasting,
Speaker 1: deep impact. And I know they have. They've had that
Speaker 1: on us. Man. Like my my thinking about money, although
Speaker 1: it might be weird, it might be like crazy to
Speaker 1: some people, it is in large part because I've tried
Speaker 1: some of these tricks. I've implemented them in my life,
Speaker 1: and it's like, Man, I think about the stuff differently,
Speaker 1: like it has every time I spend. It feels different. Yeah,
Speaker 1: that's because, right, you know, these simple financial moves and
Speaker 1: these things that we can do, these tricks, they're anchored
Speaker 1: to like these deeper financial truths, and those are the
Speaker 1: truths that we want to point people to for sure. Man.
Speaker 1: All right, well, let's come back to the beer that
Speaker 1: we had on the show, because obviously having a beverage
Speaker 1: in hand while you're talking about money makes it much better.
Speaker 1: Today on the show, we had a beer called Bound
Speaker 1: by Time. It's by Edmund's past. Matt, what were your
Speaker 1: thoughts on this? I p a it was so very good.
Speaker 1: My first sip all I could think of was canned
Speaker 1: pineapple juice. I don't know why. I think it quickly
Speaker 1: faded after that, but I was really thirsty, and sometimes
Speaker 1: when you sit down and you have a beer and
Speaker 1: you're pretty thirsty, it tastes different to you. I feel
Speaker 1: like it tastes even better when you're a little dehydrated.
Speaker 1: Maybe not the best thing from a health perspective, but uh,
Speaker 1: you know, right around on the bike a little bit.
Speaker 1: I did some of that today. I didn't replace those
Speaker 1: fluids with my hot water that's over there in my thermos.
Speaker 1: Did with a beer instead, did it with a beer instead.
Speaker 1: But it was really good, man. Yeah, I'm glad this
Speaker 1: was one you and I got to enjoy edmunds Os.
Speaker 1: They they were just making some really good stuff. Yeah,
Speaker 1: I'm looking forward to having more by them, Like we
Speaker 1: just started getting their stuff in Atlanta, and this one
Speaker 1: was really good, man. It was really smooth. I didn't
Speaker 1: necessarily get massive pineapple flavors out of it. It tasted
Speaker 1: like a really good I p A that just had
Speaker 1: just an incredible smoothness to it. I don't know how
Speaker 1: else to describe it. Almost like it had lactose in it,
Speaker 1: but I don't think it does, right. Yeah, Yeah, I
Speaker 1: think it's It's honestly probably an I p A that
Speaker 1: almost anybody could get behind because it's not super bitter,
Speaker 1: it's not super juicy, it's not super piney, it doesn't
Speaker 1: have any of just like a great smooth drinking I
Speaker 1: p A. Yeah, for sure, very flavorful, but still just
Speaker 1: incredibly smoothness delivery too. So yeah, clad we got to
Speaker 1: have this one together. But that's gonna do it for
Speaker 1: this episode. For folks who want show notes for this episode,
Speaker 1: just go to our website at how to money dot com.
Speaker 1: That's right, And if you've listened to the show for
Speaker 1: a while, we would love it if you were to
Speaker 1: head over to Apple Podcast leave us a solid rating
Speaker 1: and review over there. And if you've already done that,
Speaker 1: make sure to let a friend or a family member
Speaker 1: know or someone who might want to join you on
Speaker 1: a money challenge, maybe a no spend week or month
Speaker 1: something like that. And as always, thanks in advance. All right, man,
Speaker 1: So until next time, best friends, best friends Out.